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CEO Investment Is a continuing sign of commitment and alignment with shareholders as he already is the largest shareholder and owns 32mill shares

TORONTO, ON / ACCESS Newswire / December 23, 2025 / Nextech3D.ai (CSE:NTAR,OTC:NEXCF)(OTCQX:NEXCF)(FSE:1SS), an AI-first event technology and digital engagement company, is pleased to provide shareholders with an update on its previously announced acquisition of Krafty Labs, a revenue generating AI-driven event engagement and experiential technology company serving global enterprise customers.

Krafty Labs Acquisition Update

The Company is pleased to confirm that the due diligence process has been successfully completed, and the acquisition of Krafty Labs is scheduled to close on January 2, 2026, subject to customary closing conditions including CSE approval.

Krafty Labs brings a highly attractive blue-chip customer base, along with approximately $1.2 million in year-to-date 2025 revenue and gross margins of 72%. Management believes this acquisition meaningfully enhances Nextech3D.ai’s AI-first event platform and expands its reach into higher-value enterprise and association customers.

CEO Convertible Note Investment Demonstrates Strong Alignment

In connection with the Company’s continued execution and growth strategy, Evan Gappelberg, Chief Executive Officer of Nextech3D.ai, has committed to invest $321,917 directly into the Company through an 18-month convertible note bearing 12% annual interest.

Key terms of the CEO investment include:

  • Term: 18 months

  • Conversion Option: At the CEO’s sole discretion, the note may be converted into 2,299,412 common shares at a fixed conversion price of $0.14 per share

  • Warrants Issued: As compensation, the CEO will receive 2,299,412 common share purchase warrants

  • Warrant Terms:

    • Exercise Price: $0.165 per share

    • Term: 3 years

Mr. Gappelberg will continue to be the Company’s largest shareholder, currently owning 32,757,017 common shares, further reinforcing strong alignment between management and shareholders.

The transaction constitutes a related party transaction under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions. The Company is relying on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 on the basis that the transaction does not exceed 25% of the Company’s market capitalization. The transaction is subject to approval of the Canadian Securities Exchange (CSE).

Management believes this insider investment reflects confidence in Nextech3D.ai’s strategy, execution, and long-term growth prospects.

Strengthening an AI-First Event Platform

The combination of Krafty Labs’ enterprise-grade engagement capabilities with Nextech3D.ai’s existing event technology stack is expected to drive increased average contract values, deeper customer relationships, and enhanced monetization opportunities across in-person, virtual, and hybrid events.

Evan Gappelberg, CEO of Nextech3D.ai comments ‘We believe the acquisition of Krafty Labs, combined with my personal investment in the Company, represents a strong vote of confidence in Nextech3D.ai’s direction and execution,’ He continues ‘With due diligence complete and a closing date set, we are focused on integrating Krafty Labs and accelerating growth while continuing to build long-term shareholder value.’

Looking Ahead

With the Krafty Labs acquisition set to close on January 2, 2026, Nextech3D.ai continues to advance its strategy of building a comprehensive, AI-powered event technology platform through disciplined acquisitions, organic growth, and aligned insider investment.

About Nextech3D.ai

Nextech3D.ai is an AI-powered technology company specializing in 3D asset generation, spatial computing, and comprehensive AI Event Solutions for virtual, hybrid, and in-person experiences. Through Map Dynamics, Eventdex, and Krafty Labs, Nextech3D.ai delivers a unified global platform for Google, Microsoft, Netflix, Oracle, Yelp, ZoomInfo, Spotify, Meta conferences, expos, corporate activations, learning programs, and enterprise engagement.

Website: www.Nextech3D.ai
Investor Relations: investors@nextechar.com

For further information, please visit: www.Nextech3D.ai.
Investor Relations: investors@nextechar.com

For more information, visit Nextech3D.ai.

Sign up for Investor News and Info – Click Here

Evan Gappelberg /CEO and Director
866-ARITIZE (274-8493)

Forward-Looking Statements

This news release contains ‘forward-looking statements’ within the meaning of applicable securities laws, including statements regarding the proposed acquisition of Krafty Labs, the anticipated timing and consideration, expected benefits and synergies, product integrations, and growth opportunities. Forward-looking statements are based on assumptions and are subject to risks and uncertainties that could cause actual results to differ materially. There can be no assurance that the proposed transaction will be completed as anticipated or at all. Nextech3D.ai disclaims any obligation to update forward-looking statements except as required by law.

Forward-looking Statements The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Certain information contained herein may constitute ‘forward-looking information’ under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as, ‘will be’ or variations of such words and phrases or statements that certain actions, events or results ‘will’ occur. Forward-looking statements regarding the completion of the transaction are subject to known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove to be accurate, as future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Nextech will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.

SOURCE: Nextech3D.ai

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NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Brunswick Exploration Inc. (‘BRW’ or the ‘Corporation’) is pleased to announce the closing of its previously announced non-brokered private placement (the ‘Offering’) with aggregate gross proceeds of approximately $2,121,542 from the sale of 12,123,097 common shares of the Corporation sold as ‘flow-through shares’ within the meaning of the Income Tax Act (Canada) (the ‘Tax Act’) and the Taxation Act (Québec) (the ‘Québec Tax Act’) (each, a ‘FT Share’) at an updated price of $0.175 per FT Share.

Killian Charles, President & CEO, commented: ‘With the Mirage maiden resource estimate expected in the first two weeks of January and the closing of this financing, BRW will have an aggressive start to 2026. Following the release of the MRE, we will be returning to drill the recent discovery at Anatacau with a significantly expanded drill program before continuing with prospecting in Saudi Arabia and drilling at Mirage, both expected to begin in the second quarter. We wish happy holidays to BRW shareholders and invite them to pay close attention to BRW press releases in the new year.’

In connection with the Offering, the Corporation paid finder’s fees to arm’s length third parties in an amount of $62,726.24.

Insiders of the Corporation participated in the Offering and were issued an aggregate of 314,200 FT Shares. Such participation in the Offering is a ‘related party transaction’ as defined in Regulation 61-101 respecting Protection of Minority Security Holders in Special Transactions (‘Regulation 61-101‘). The Offering is exempt from the formal valuation and minority shareholder approval requirements of Regulation 61-101 as neither the fair market value of the securities issued to insiders nor the consideration for such securities by insiders exceed 25% of the Corporation’s market capitalization.

The Offering remains subject to the final approval of the TSX Venture Exchange (‘TSX-V‘).

The FT Shares are subject to a statutory four month and one day hold period. The FT Shares have not been, and will not be, registered under the United States Securities Act, or any state securities laws, and accordingly may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a solicitation to buy any securities in any jurisdiction.

About Brunswick Exploration

Brunswick Exploration is a Montréal-based mineral exploration company focused on grassroots exploration for lithium, a critical metal necessary to global decarbonization and energy transition. The Corporation is rapidly advancing its extensive portfolio of grassroots lithium properties and projects in Quebec (Mirage and Anatacau), Greenland (Nuuk Lithium) and the Kingdom of Saudi Arabia.

Investor Relations/information

Mr. Killian Charles, President and CEO (info@BRWexplo.ca)

Cautionary Statement on Forward-Looking Information

This news release contains ‘forward-looking information’ within the meaning of applicable Canadian securities legislation based on expectations, estimates and projections as at the date of this news release. Such forward-looking information includes, but is not limited to, statements concerning the Corporation’s expectations with respect to the use of proceeds and the use of the available funds following completion of the Offering. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, delays in obtaining or failures to obtain required governmental, environmental or other project approvals; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; inflation; fluctuations in commodity prices; delays in the development of projects; the other risks involved in the mineral exploration and development industry; and those risks set out in the Corporation’s public documents filed on SEDAR+ at www.sedarplus.ca. Although the Corporation believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Corporation disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this news release.

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(TheNewswire)

   

Vancouver, British Columbia / December 23, 2025 ‑ TheNewswire – Harvest Gold Corporation (TSXV: HVG,OTC:HVGDF) (‘Harvest Gold‘ or the ‘Company‘) is pleased to announce the completion of its maiden drill program on the northern and central areas of Mosseau, its flagship project in Quebec’s Abitibi Urban Barry belt, the home to Gold Field’s Windfall deposit. Further is a summary of the advancements made on Harvest Gold’s district scale land package in 2025.

Harvest Gold President and CEO, Rick Mark, states: ‘Looking back, it has been a very busy and successful year advancing our three property, district scale land package in the Quebec Urban Barry belt. We could not have done it without the ongoing support of our largest shareholder, Crescat Capital, who now owns approximately 19.9% of Harvest Gold, and all the other investors who participated in our three private placements this year. I also want to recognize Louis Martin, who has led our excellent geological team and managed the various exploration and drilling programs conducted in 2025. We are very much looking forward to 2026’.

MOSSEAU

Harvest Gold completed 21 diamond drill holes totaling 4,692 metres on the Mosseau property. Drilling targeted the northern and central areas of the property. Assay results for the northern drill holes have been received and have either been reported or are currently being compiled. Assay results from the central portion of the property are pending, with complete results from both areas expected in January.

Diamond drilling was carried out by Forage Rouillier Drilling of Amos. Drill supervision and core logging were completed by Explo-Logik, and drill core analyses were performed by AGAT Laboratories.

Additional work on Mosseau completed in 2025 included expanded magnetic coverage flown by Novatem over newly staked claims adjoining the Mosseau Property and a second phase of prospecting and a soil sampling program by IOS.

URBAN BARRY

A regional, property-wide reconnaissance till sampling program was completed by IOS in 2025. Results are pending and are expected in January 2026.

LaBELLE

A property wide high-resolution airborne magnetic survey flown by Novatem was completed over the Labelle property. This survey confirmed the extension of the Kiask River Corridor across the property. A prospecting and soil survey was also completed over the western part of the property. Results are pending and are expected in January 2026.

FINANCING

In 2025, the Company raised a total of $3,429,299.89 in three non-brokered private placements to fund exploration activities on its three properties in Quebec’s Urban Barry belt.

About Harvest Gold Corporation

Harvest Gold is focused on exploring for near-surface gold deposits and copper-gold porphyry deposits in politically stable mining jurisdictions. Harvest Gold’s board of directors, management team and technical advisors have collective geological and financing experience exceeding 400 years.

Harvest Gold has three active gold projects focused in the Urban Barry area, totalling 377 claims covering 20,016.87 ha, located approximately 45-70 km west of Gold Fields Limited’s – Windfall Deposit.

Harvest Gold acknowledges that the Mosseau Gold Project straddles the Eeyou Istchee-James Bay and Abitibi territories.  Harvest Gold is committed to developing positive and mutually beneficial relationships based on respect and transparency with local Indigenous communities.

Harvest Gold’s three properties, Mosseau, Urban-Barry and LaBelle, together cover over 50 km of favorable strike along mineralized shear zones.

Qualified Person Statement

All scientific and technical information in this news release has been prepared and approved by Louis Martin, P.Geo., Technical Advisor to the Company and considered a Qualified Person for the purposes of NI 43-101.

ON BEHALF OF THE BOARD OF DIRECTORS

Rick Mark
President and CEO
Harvest Gold Corporation

For more information please contact:

Rick Mark or Jan Urata
@ 604.737.2303 or
info@harvestgoldcorp.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward Looking Information

This news release includes certain statements that may be deemed ‘forward looking statements’. All statements in this news release, other than statements of historical facts, that address events or developments that Harvest Gold expects to occur, are forward looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words ‘expects’, ‘plans’, ‘anticipates’, ‘believes’, ‘intends’, ‘estimates’, ‘projects’, ‘potential’ and similar expressions, or that events or conditions ‘will’, ‘would’, ‘may’, ‘could’ or ‘should’ occur.

Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

Copyright (c) 2025 TheNewswire – All rights reserved.

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Investor Insight

New Found Gold is an emerging Canadian gold producer combining a high-grade, district-scale flagship project with producing and processing assets in Newfoundland and Labrador to accelerate production, generate near-term cash flow, and drive long-term growth.

Overview

New Found Gold (TSXV:NFG,NYSE:NFGC) is an emerging Canadian gold producer with assets located in Newfoundland and Labrador, Canada. The company’s portfolio includes its flagship Queensway gold project as well as the recently acquired Hammerdown operation, Pine Cove mill and Nugget Pond hydrometallurgical gold plant.

At the beginning of 2025, New Found Gold refreshed its board of directors and management team by adding a group of experienced mine builders and operators to support the company’s transition from exploration to production and build off its established exploration expertise.

In November 2025, New Found Gold completed its previously announced acquisition of Maritime Resources, creating a diversified gold company with both development and producing assets in a top-tier jurisdiction. The transaction brought together two high-quality gold projects — Queensway and Hammerdown — and added established processing infrastructure which has positioned the company to pursue a clear path to production and cash flow.

The company is currently focused on advancing Queensway toward production while bringing Hammerdown into steady-state gold production in 2026. This multi-asset approach is intended to support near-term cash flow generation while maintaining meaningful exploration and development upside through Queensway’s large, high-grade gold system.

At Queensway, New Found Gold has consolidated a district-scale land position and continues to advance technical work including infill drilling, grade control drilling, geotechnical studies and exploration programs. At the same time, the company’s ownership of processing and operational assets provides infrastructure optionality as development progresses.

Company Highlights

  • District-scale land package at Queensway totaling over 230,000 hectares and covering over 110 kilometres of strike along two major fault zones
  • Recently acquired Hammerdown operation, targeted for steady-state gold production in 2026
  • Ownership of the Pine Cove operation (with a permitted mill and tailings facility) and Nugget Pond hydrometallurgical gold plant, providing processing infrastructure
  • Strengthened management team and solid shareholder base, including cornerstone investor Eric Sprott

Key Projects

Queensway Gold Project

The 100 percent owned Queensway gold project is New Found Gold’s flagship asset and the primary driver of long-term value creation. Located in central Newfoundland, Queensway now spans over 230,000 hectares, following a completed land acquisition from Exploits Discovery Corp., and covers more than 110 kilometres of strike along the Appleton and JBP fault zones, highlighting its district-scale exploration potential.

Aerial view of the Queensway gold project, adjacent to the Trans-Canada Highway near Gander, Newfoundland and Labrador

In July 2025, New Found Gold completed a preliminary economic assessment (PEA) for Queensway, showing 1.5 Moz gold production over a 15-year mine life. The PEA outlines a phased development strategy designed to accelerate the project’s path to production. Phase 1 of the PEA focuses on mining high-grade, near-surface mineralization from the Appleton Fault Zone (AFZ) Core, with processing planned via off-site milling. This approach is intended to reduce upfront capital requirements while enabling earlier cash flow generation.

The AFZ Core hosts multiple high-grade gold zones, including Keats, Iceberg, Keats West, Lotto and Monte Carlo, which form the foundation of the PEA mine plan. Ongoing infill drilling, grade control drilling, excavation and geotechnical programs are being carried out to support mine planning, improve resource confidence, and advance future mineral resource updates. Recent drilling at zones such as Monte Carlo and Keats has returned high-grade results that generally align with the existing resource model, reinforcing continuity within the proposed open-pit areas.

Queensway’s neighbouring gold projects

Beyond the current mine plan, continued drilling along strike and at depth across Queensway has delivered new discoveries, highlighting the project’s potential for resource growth beyond the initial PEA scope. The combination of a defined development pathway, high-grade mineralization, and district-scale exploration potential positions Queensway as a central asset within New Found Gold’s emerging production-focused portfolio.

Hammerdown Operation

The Hammerdown operation is a high-grade gold project that New Found Gold is advancing toward steady-state production. The first gold pour from Hammerdown was announced on November 12, 2025.

Aerial view of the Hammerdown operation, near Springdale, Newfoundland and Labrador.

Hammerdown is supported by nearby processing infrastructure, allowing New Found Gold the optionality to pursue a production-focused strategy alongside ongoing development at Queensway. The operation is the first step in establishing the company as a new Canadian gold producer.

Pine Cove Operation and Nugget Pond Hydrometallurgical Gold Plant

New Found Gold also owns the Pine Cove operation, which includes a mill and tailings facility, as well as the Nugget Pond hydrometallurgical gold plant. These assets provide the company with permitted processing infrastructure in Newfoundland and Labrador.

Ownership of these facilities enhances operational flexibility and supports the company’s broader production and development strategy as it advances Hammerdown and Queensway.

Management Team

Keith Boyle — Chief Executive Officer and Director

Keith Boyle brings over 40 years of global mining experience, including extensive roles in operations, project development, technical studies, investor relations and budget management. Prior to joining New Found Gold, Mr. Boyle served as chief operating officer at Reunion Gold, where he fast-tracked the high-grade Oko West project in Guyana ahead of its acquisition for $870 million. He holds a Bachelor of Science in Mining Engineering and an MBA, and is a registered professional engineer in Ontario and Newfoundland & Labrador.

Melissa Render — President

Melissa Render is an exploration geologist with more than 18 years of experience focused on orogenic gold systems. She joined New Found Gold as a consultant in 2020, became vice-president, exploration in 2021, and was promoted to president in 2024. Ms. Render has led exploration programs worldwide across multiple gold belts and brings expertise in target generation, 3D modelling, data management and exploration program design. She holds a Bachelor of Science in Geological and Earth Sciences from Dalhousie University and is a registered professional geoscientist in Ontario and Newfoundland & Labrador.

Hashim Ahmed — Chief Financial Officer

Hashim Ahmed brings 25 years of finance, corporate strategy and capital markets experience to New Found Gold. He has held senior financial and executive positions across the mining industry, including most recently as executive vice-president and CFO at Mandalay Resources. His background spans royalty, mid-tier and senior gold companies. Mr. Ahmed obtained his CA/CPA designation with PricewaterhouseCoopers LLP.

Robert Assabgu — Chief Operating Officer

Robert Assabgu is an experienced mining engineer with expertise in project management, engineering and operations. His career includes leadership roles at Inco/Vale and Hudbay Minerals, where he oversaw multiple mines, concentrators and technical services teams. He also played a key role at Reunion Gold on the Oko West project ahead of the G Mining Ventures acquisition. Mr. Assabgui holds a Bachelor of Engineering degree in Mining and Mineral Engineering from McGill University in Montreal.

Fiona Childe — Vice-president, Communications and Corporate Development

Fiona Childe has more than 25 years of industry experience, beginning as an exploration geologist and later focusing on capital markets, corporate development and investor communications. Throughout her career, she has held senior management positions and consulted for mining companies, such as Mineros S.A. and Tau Capital Corp. with a primary focus on gold. Dr. Childe holds a Ph.D. in geology from the University of British Columbia and a professional geoscientist designation in Ontario.

Jared Saunders — Vice-president, Sustainability

Jared Saunders brings over two decades of experience in environmental science, regulatory compliance and stakeholder engagement. His background includes environmental leadership roles at Vale Newfoundland & Labrador and consulting project experience in environmental risk assessment and contaminated site management. Dr. Saunders holds a Ph.D. in Environmental Sciences degree from the Royal Military College in Kingston, Ontario. He sits on the Board of Directors for Mining Industry, NL as Director – Exploration.

Jelena Novikov Fried — General Counsel and Corporate Secretary

Jelena Novikov Fried has more than 20 years of legal experience in corporate, commercial and securities law. Prior to joining New Found Gold, she served as legal director, corporate and securities at lithium-ion battery recycler Li-Cycle, and practiced corporate and securities law with Cassels Brock & Blackwell LLP and Bennett Jones LLP. Ms. Novikov Fried holds a Juris Doctor from the University of British Columbia.

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Sun Summit Minerals Corp. (TSXV: SMN,OTC:SMREF) (OTCQB: SMREF) (‘Sun Summit’ or the ‘Company’) is pleased to announce that it has closed its non-brokered private placement (the ‘Private Placement’) previously announced in the Company’s press releases on December 9, 2025 and December 12, 2025, through the issuance of (i) 67,857,143 charity flow-through common shares in the capital of the Company (each, a ‘Charity FT Share’) at a price of $0.14 per Charity FT Share; and (ii) 20,000,000 non-flow-through common shares in the capital of the Company (each, an ‘NFT Shares’) at a price of $0.10 per NFT Share, for aggregate gross proceeds to the Company of $11,500,000.

The Charity FT Shares qualify as a flow-through share within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the ‘Tax Act‘).

The Company intends to use the gross proceeds of the Private Placement for exploration of the Company’s JD, Theory and Buck properties and any other Canadian properties that the Company may acquire, and for general working capital purposes, provided that the Company will use an amount equal to the gross proceeds received by the Company from the sale of the Charity FT Shares to incur eligible ‘Canadian exploration expenses’ that will qualify as ‘flow-through mining expenditures’ as such terms are defined in the Tax Act.

In connection with the Private Placement, the Company paid aggregate cash finder’s fees of $303,380 and granted an aggregate of 2,944,400 non-transferable finder warrants of the Company (each, a ‘Finder Warrant‘) to arm’s length finders of the Company in connection with the Private Placement. Each Finder Warrant entitles the holder thereof to purchase one Common Share of the Company, at an exercise price of $0.14 per share until December 23, 2027.

The Private Placement is subject to the final approval of the TSX Venture Exchange (the ‘TSXV‘). The securities issued in the Private Placement are subject to a hold period expiring on April 24, 2025, in accordance with applicable securities laws.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or in any other jurisdiction in which such offer, solicitation or sale would be unlawful. The securities have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements thereunder.

Options Issuance

The Company also announces that it has, subject to approval of the TSXV, granted an aggregate of 9,000,000 stock options of the Company (the ‘Options‘) to certain employees, directors and advisors of the Company, in accordance with the rules of the TSXV and the Company’s stock option plan. Each Option entitles the holder thereof to acquire one common share in the capital of the Company (each, a ‘Common Share‘) at an exercise price of $0.15 per Common Share until December 23, 2030.

About Sun Summit

Sun Summit Minerals (TSXV: SMN,OTC:SMREF) (OTCQB: SMREF) is a mineral exploration company focused on the discovery and advancement of district scale gold and copper assets in British Columbia. The Company’s diverse portfolio includes the JD and Theory Projects in the Toodoggone region of north-central B.C., and the Buck Project in central B.C.

Further details are available at www.sunsummitminerals.com.

On behalf of the board of directors

Niel Marotta
Chief Executive Officer & Director
info@sunsummitminerals.com

For further information, contact:

Matthew Benedetto, Simone Capital
mbenedetto@simonecapital.ca
Tel. 416-817-1226

Forward-Looking Information

Statements contained in this news release that are not historical facts may be forward-looking statements, which involve risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. In addition, the forward-looking statements require management to make assumptions and are subject to inherent risks and uncertainties. There is significant risk that the forward-looking statements will not prove to be accurate, that the management’s assumptions may not be correct and that actual results may differ materially from such forward-looking statements. Accordingly, readers should not place undue reliance on the forward-looking statements. Generally forward-looking statements can be identified by the use of terminology such as ‘anticipate’, ‘will’, ‘expect’, ‘may’, ‘continue’, ‘could’, ‘estimate’, ‘forecast’, ‘plan’, ‘potential’ and similar expressions. Forward-looking statements contained in this press release may include, but are not limited to, use of proceeds of the Private Placement; the size and scope of the drill program at the JD property; the Company’s exploration plans and forecasts; and obtaining regulatory approval for the Private Placement, the grant of Options and exploration plans of the Company. These forward-looking statements are based on a number of assumptions which may prove to be incorrect which, without limiting the generality of the following, include: the state of the equity financing markets in Canada and other jurisdictions; the receipt of regulatory approval; the Company’s ability to complete the drill program as currently contemplated; risks inherent in exploration activities; volatility and sensitivity to market prices; volatility and sensitivity to capital market fluctuations; and fluctuations in metal prices. The forward-looking statements contained in this press release are made as of the date hereof or the dates specifically referenced in this press release, where applicable. Except as required by applicable securities laws and regulation, Sun Summit disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. All forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/278984

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Gold marked a new price milestone on Tuesday (December 23), continuing its record-breaking 2025 run.

The spot price rose as high as US$4,511.83 per ounce, hitting that point at 4:04 p.m. PST.

Gold spot price chart, December 16 to 23, 2025.

The yellow metal’s latest rise caps off what’s been a historic year.

After starting 2025 around US$2,640, gold had risen to the US$3,200 level by April. It stayed within a fairly flat range until the end of August, when it launched higher once again, breaking US$4,300 in mid-October.

Gold took a breather following that move, even falling briefly below US$4,000; however, its retracement was neither as steep nor as long as market watchers expected. It began gaining steam again in mid-November, and took off again in earnest this week, powering higher along with its sister metal silver, which is currently over US$71 per ounce.

Both metals benefit from geopolitical tensions and economic uncertainty, which have been present on a global scale throughout the year. Interest rate cuts from the US Federal Reserve have provided support too, as have expectations of easier monetary policy after Fed Chair Jerome Powell’s term ends next year.

Gold also continues to benefit from strong central bank buying, while silver’s industrial side is attracting attention. Although it is valued as an investment metal, it’s key for technology such as solar panels.

Elsewhere in the precious metals space, platinum rose to a fresh record on Tuesday, reaching US$2,355.83 per ounce. Palladium remains below its top price level, but is elevated at around US$1,895 per ounce.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

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Lobo Tiggre, CEO of IndependentSpeculator.com, described uranium’s key role in providing baseload energy, a narrative that is only being heightened by added artificial intelligence data center and electric vehicle (EV) demand projections.

“The use case is baseload power. There’s no substitution, and the world is building like gangbusters,” he explained. “If the EV story completely went away, it wouldn’t undo the thesis for uranium, It would remove a tailwind, not the base story.”

Securities Disclosure: I, Georgia Williams, hold no direct investment interest in any company mentioned in this article.

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Artificial intelligence (AI) has cemented its role as a key sector for investors, but its path forward is shifting.

Several catalysts, including sustained AI infrastructure spending and US Federal Reserve interest rate cuts, are poised to drive tech sector growth in 2026; however, massive capital expenditure digestion by hyperscalers, alongside increasing demands for a return on investment and persistent power supply limitations, are influencing a rotation in focus, with risks like high valuations and policy uncertainty potentially capping AI industry gains.

Overall, experts are calling for the technology sector to navigate a delicate balance between aggressive expansion and necessary financial discipline in 2026, with AI at the heart of these matters.

Capex digestion and AI verticalization

AI capital expenditures by hyperscalers are projected to fuel demand for semiconductors, data centers and related infrastructure in the year head, as per Nicholas Mersch, portfolio manager at Purpose Investments.

According to notes from multiple analysts, the Big Four — Meta Platforms (NASDAQ:META), Microsoft (NASDAQ:MSFT), Alphabet (NASDAQ:GOOGL) and Amazon (NASDAQ:AMZN) — are slated to spend over US$300 billion on AI infrastructure. Mersch cited forecasts that see hyperscaler capex hitting roughly US$600 billion in 2026.

“Over the next 12 to 24 months, the narrative likely shifts from who can build fastest to who can drive the highest revenue and margin per dollar of AI infrastructure,’ Mersch added. “This is where verticalization matters. The companies that can capture the full stack, from silicon to applications, look like they will win.’

His top pick in this arena is Google, followed by Microsoft.

While the cloud layer remains a high-stakes game of concentration among a few platforms, Mersch said the hardware layer underneath is beginning to fragment as the chip stack quietly diversifies.

“Large multi-year AI chip deals are broadening the market beyond NVIDIA (NASDAQ:NVDA), with Advanced Micro Devices (NASDAQ:AMD) and custom application-specific integrated circuit (ASIC) programs winning meaningful share. High-bandwidth memory (HBM) has become the real bottleneck and profit pool, with tri-sourced HBM3E, an emerging HBM4 race and surging HBM demand from ASICs,’ the expert said.

‘The result is a more plural, multi-vendor accelerator ecosystem. Looking out to the second half of the decade, total AI silicon spend can keep growing even if individual GPU vendors see more competition and pricing pressure, with memory, packaging and custom silicon capturing a larger share of the economics.’

Chip diversification, however, is now colliding with HBM and packaging shortages, constraining output from 2026 to 2027. BMI’s Cedric Chehab notes that rapid capex growth is outpacing supply, ruling out near-term oversupply, but warns of volatility if data center investments fail to deliver profitability amid persistent infrastructure shortages.

Power as a binding constraint for AI

Power limits are a specter looming above AI expansion heading into 2026.

“Individual campuses are pushing past 1 gigawatt, utilities in key regions are scrambling to add generation and transmission and Big Tech is signing multi-gigawatt nuclear and long-term power deals, including restarts of previously shuttered plants,” explained Mersch. US data center demand is now poised to triple by 2030, thrusting utilities, nuclear operators and grid infrastructure into prime investment orbits.

“Even Google has acknowledged that serving capacity needs to double roughly every six months,” he added.

Alphabet, the parent company of Google, and other hyperscalers became active infrastructure developers in 2025, inking high-profile strategic deals designed to secure 24/7 — and carbon-free — energy for AI data centers.

Google’s deal with Elementl Power in May to provide capital to develop three advanced nuclear sites in the US represents a shift toward nuclear energy that is perhaps the most significant structural change in the AI landscape today, further extending the verticalization narrative into the power grid itself.

The shift toward energy-backed AI is being institutionalized at the highest levels of finance. In late 2025, JPMorgan Chase (NYSE:JPM) launched its US$1.5 trillion Security and Resiliency Initiative, a decade-long plan specifically targeting the intersection of AI, grid infrastructure and nuclear energy.

By earmarking US$10 billion in direct equity for US firms, the initiative effectively underwrites the full-stack transition.

Are AI stocks in a bubble?

The path for AI is moving from building technology to proving its value. While many experts remain optimistic, the transition from deployment to execution introduces new risks that could define the industry’s next winners and losers.

As organizations fully embed AI into their core workflows, the operational stakes are shifting. Infrastructure strategies are diversifying as security-conscious businesses seek more control over their high-value AI workloads.

Simultaneously, the rise of agentic AI, which automates full workflows, combined with cost and complexity issues on major hyperscalers, will lead to a trend of cloud repatriation toward regional and bare-metal platforms.

Despite concerns over a potential bubble, the industry will continue to receive massive institutional backing. B2BROKER’s John Murillo rejects the idea of an AI bubble, comparing OpenAI to Edison’s plants amid giants’ resilience.

‘In the case of dot-coms, everyone was investing just to invest; it didn’t matter what exactly to choose and some of the projects didn’t have a solid foundation. With AI, it’s not like this. The technology proves its worthiness every day, and it has already swept away many junior analysts,’ Murillo emphasized.

Nevertheless, high AI valuations risk corrections if adoption disappoints or energy constraints emerge.

The success of the current capex cycle will depend on whether these investments translate into measurable operating leverage and cost savings through the back half of the decade.

“The bubble scenario is very unlikely,” Murillo added. “I think in the current economic situation, there are problems much worse than a potential bubble.”

For example, geopolitical tensions, sticky inflation and US midterm elections could spark volatility, prompting sector rotations away from overvalued mega caps.

Investor takeaway

The investment focus in AI is shifting from the initial narrative to tangible execution and quantifiable profitability. While the challenges of elevated valuations and geopolitical instability persist, some experts dismiss comparisons to a technology bubble, arguing the sector’s demonstrated value offers a stable underpinning.

Future leaders in the AI industry will be distinguished by their capacity to convert infrastructure spending into significant operating leverage and cost efficiencies.

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

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Here’s a quick recap of the crypto landscape for Monday (December 22) as of 9:00 am UTC.

Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrency market news.

Bitcoin and Ether price update

Bitcoin (BTC) was priced at US$89,286.25, up by 2.3 percent over 24 hours.

Bitcoin price performance, December 22, 2025.

Chart via TradingView

Ether (ETH) was priced at US$3,026.40, up by 3.3 percent over the last 24 hours.

Altcoin price update

  • XRP (XRP) was priced at US$1.92, up by 1.4 percent over 24 hours.
  • Solana (SOL) was trading at US$126.14, up by 2.3 percent over 24 hours.

Today’s crypto news to know

US crypto funds See US$952M outflow amid regulatory delays

Investors pulled US$952 million from US crypto investment products last week, marking the first weekly outflow in a month, according to data from CoinShares.

The exodus was concentrated in the US totaling US$990 million, which was partially offset by modest inflows into Canadian and German products.

Analysts attributed the sell-off to continued delays in the US CLARITY Act, prolonging regulatory uncertainty, alongside concerns about large holders offloading positions.

Ethereum-based funds led the outflows with US$555 million, while Bitcoin products saw US$460 million leave.

Hong Kong moves to unlock insurance capital for crypto investments

Hong Kong’s Insurance Authority has proposed new rules that would allow licensed insurers to invest in cryptocurrencies and related infrastructure, potentially unlocking billions in capital.

According to a Bloomberg report, insurers under the proposed framework would face a 100 percent “risk charge” on direct crypto holdings, meaning a dollar of capital must be set aside for every dollar invested. Stablecoins pegged to fiat would attract lower risk charges.

The initiative aims to attract institutional investors while maintaining prudential safeguards against crypto volatility.

Public consultation on the draft rules is scheduled for February through April 2025, with formal legislative submissions expected later in the year.

Binance allowed high-risk accounts post-plea deal, FT reports

Binance reportedly continued to permit suspicious accounts to operate after its US$4.3 billion U.S. plea agreement in 2023, according to a Financial Times investigation.

Internal files reviewed by the FT showed accounts linked to terror financing networks, improbable login patterns, and failed identity checks remained active, moving billions of dollars in crypto.

One account from Venezuela moved US$93 million, with portions connected to networks tied to Iran and Hezbollah.

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

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TOMAGOLD CORPORATION (TSXV: LOT; OTCPK: TOGOF) (“TomaGold” or the “Company”) is very pleased to announce the initial assay results from drill holes TOM-25-009 and TOM-25-010 at its Berrigan Mine project located in the Chibougamau mining camp, in Québec. These are the first two of seven holes for a total of 3,098 metres at Berrigan Mine, with the objective of testing the historical mineralized structure and opening new potential mineralization at depth. The results confirm the presence of high-grade gold-bearing polymetallic vein systems within an extensive mineralized envelope hosted in ultramafic rocks.

Highlights

  • Main High-Grade Intersections:
    • Hole TOM-25-009 (from 156.70 m): 6.68% ZnEq (1.57 g/t AuEq) over 48.05 metres, including 39.03% ZnEq (9.15 g/t AuEq) over 2.90 metres and 21.86% ZnEq (5.12 g/t AuEq) over 5.40 metres.
    • Hole TOM-25-009 (from 244.50 m): 5.44% ZnEq (1.27 g/t AuEq) over 15.20 metres, including 25.15% ZnEq (5.85 g/t AuEq) over 2.55 metres.
    • Hole TOM-25-010 (from 130.70 m): 2.67% ZnEq (0.62 g/t AuEq) over 48.30 metres, including 12.87% ZnEq (3.00 g/t AuEq) over 6.25 metres.
  • Assay results are pending for five drill holes targeting the lateral and depth extensions of the known mineralized envelope (TOM-25-011 to TOM-25-015).
  • Hydrothermal footprint: Identification of a significant hydrothermal signature at the roof of the main mineralization, providing valuable exploration guidance for potential extensions.
  • Exploration ongoing: A Borehole EM survey is currently underway on the ground to identify new targets.

Figure 1: Berrigan Mine Drill Hole Location Map

Figure 2: Longitudinal Section of the Berrigan Mine Known Mineralized Envelope and Completed Drill Holes (excluding TOM-25-011 and TOM-25-012)

David Grondin, CEO of TomaGold, commented: “These initial results are truly outstanding, most notably the 39% ZnEq intersection in hole TOM-25-009. The confirmation of a hydrothermal footprint overlying the main mineralized zones significantly reinforces our geological understanding of the Berrigan Mine project. With the EM survey currently underway and extension drilling results expected in January, we look forward to defining the full scale and continuity of the mineralized envelope.”

Jean Lafleur, P.Geo., VP Exploration at TomaGold, added: “TomaGold is currently advancing an all-encompassing litho-structural and geophysical compilation, synthesis and interpretation for its Chibougamau mining camp projects, incorporating AI modeling with Windfall Geotek’s proprietary system. We’ve also completed additional geophysical work to refine both gold and polymetallic targeting for the upcoming winter 2026 exploration campaign. This approach has already yielded new targets, which are currently being tested through diamond drilling. The latest drilling results at Berrigan Mine offer a glimpse into the exploration potential of some of these targets.”

Mineralization at Berrigan Mine is primarily associated with carbonatized ultramafic rocks. Analysis of visually non-mineralized samples, including intervals initially excluded from sampling, has identified low-grade halos associated with quartz-carbonate stockwork that increase the potential volume of the mineralized envelope. A borehole EM survey is currently being conducted on holes from this campaign to guide future deep drilling. To ensure a comprehensive understanding of the system, the team proactively analyzed previously unsampled sections to ensure that no low-grade mineralization or alteration halos were overlooked.

Next steps will include receipt of assay results in January 2026 for five additional holes testing lateral and depth extensions, integration of EM and complete core assay data into the resource model, compilation and characterization of alteration systems, and planning of a field exploration program. Phase 2 drilling will be planned following compilation of Phase 1 drilling, geophysical data, and results from the upcoming field campaign.

Table 1: First Two Holes of Phase 1 Drilling Campaign at Berrigan Mine Project

Hole ID

From (m)

To

(m)

Length (m)

ZnEq

(%)

AuEq (g/t)

Au

(g/t)

Ag

(g/t)

Cu (ppm)

Zn

(ppm)

TOM-25-009

156.70

204.75

48.05

6.68

1.57

1.12

7.55

365

13977

Including

156.70

159.60

2.90

39.03

9.15

6.76

40.24

1897

75694

Including

163.95

169.00

5.05

3.85

0.90

0.41

11.35

285

14295

Including

181.70

182.90

1.20

14.06

3.29

2.36

19.50

346

28900

Including

189.20

194.60

5.40

21.86

5.12

3.75

16.35

754

48142

Including

196.00

198.60

2.60

2.40

0.57

0.43

5.28

565

1116

Including

204.00

204.70

0.70

43.65

10.25

8.71

9.20

478

60100

230.35

236.80

6.45

1.36

0.32

0.14

1.23

152

6699

Including

235.70

236.80

1.10

5.61

1.31

0.72

2.80

373

22700

244.50

259.70

15.20

5.44

1.27

0.59

7.22

440

24026

Including

254.60

257.15

2.55

25.15

5.85

2.24

32.07

1472

134216

TOM-25-010

108.00

111.00

3.00

2.54

0.60

0.51

1.53

232

2310

120.65

125.00

4.35

8.93

2.08

0.95

9.11

482

42663

Including

121.95

125.00

3.05

9.18

2.14

0.84

10.56

578

48566

130.70

179.00

48.30

2.67

0.62

0.30

4.11

385

10557

Including

135.75

142.00

6.25

12.87

3.00

1.63

16.13

928

47881

Including

144.80

149.00

4.20

2.21

0.51

0.12

4.68

366

13073

Including

158.30

159.35

1.05

4.05

0.94

0.16

5.93

974

27300

Including

175.50

177.70

2.20

4.71

1.10

0.79

3.57

393

10377

Notes:

  • The reported widths represent core lengths. ZnEq and AuEq are calculated using the Company’s standard parameters. True width is estimated to be approximately 80–85% of the core length, depending on the deviation angles.
  • AuEq calculation was based on US$4150/oz Au, $51.36/oz Ag, US$5.044/lb Cu and $1.398/lb Zn. AuEq = Au g/t + (Ag g/t × 0.01237) + (Cu ppm × 0.000083) + (Zn ppm × 0.000023). The use of AuEq is to calculate cut-off grades for exploration purposes, and no adjustments were made for metal recovery.
  • ZnEq calculation was based on US$4047/oz Au, $50.22/oz Ag, US$4.796/lb Cu and $1.390/lb Zn. ZnEq = Zn ppm + (Ag g/t × 527) + (Au g/t x 42466) + (Cu ppm × 3.45) / 10,000. The use of ZnEq is to calculate cut-off grades for exploration purposes, and no adjustments were made for metal recovery.

Table 2: Berrigan Mine Drill Hole Collars

Hold ID

Azimuth

Dip

Length

UTM – East

UTM – North

Elevation

TOM-25-009

129.70

-55.40

276.00

542370.00

5532596.00

395

TOM-25-010

130.01

-55.05

252.00

542419.00

5532647.00

392

Note: Assay results are pending for TOM-25-011 to TOM-25-015.

About the Berrigan Mine Project

The Berrigan Mine property consists of 16 claims totalling 483 hectares located 4 km north-northwest of the town of Chibougamau. TomaGold has an option to acquire 100% of the property from Chibougamau Independent Mines Inc.

The property has been the subject of more than one historical estimate. Met-Chem Canada Inc. prepared the most recent of these in April 2001 in a report titled: “Pre-feasibility study: Etude Conceptuelle, Projects Berrigan and Tortigny” by Chuinard et al. In the report, a resource estimate completed using polygonal estimation techniques stated 1,388,915 tonnes of material grading 3.17% Zn and 1.77 g/t Au on the main Berrigan Mine zone. No resource classifications were given for the resource (GM61359).

The mineral resource estimate presented above is historical in nature and was not prepared in accordance with National Instrument 43-101 standards. Accordingly, the reader is cautioned not to rely on this estimate, in whole or in part, as a current mineral resource. Substantial data compilation, verification, and, potentially, additional drilling and resampling would be required by a qualified person before the historical estimate could be classified as a current mineral resource. There can be no assurance that any portion of the historical mineral resource will ultimately be confirmed or demonstrated to be economically viable. For further information regarding the Berrigan Mine Project, please consult the press release dated September 13, 2023.

Technical Disclosure

The drilling program was managed by Explo-Logik of Val-d’Or, Québec. Drill core was split in half, with one half submitted to AGAT Laboratories at Val-d’Or for analysis. Gold was analyzed by fire assay (50 g) with atomic absorption finish, while base metals were analyzed by four-acid digestion with ICP-OES finish. Samples with gold grades greater than 10 g/t are reprocessed using metallic screening with a 106 µm cutoff. The processed material is split and analyzed by fire assay with ICP-OES finish to extinction. A separate split is prepared to independently analyze mineralized intervals with a target grade greater than 1.00% Cu-Zn using a Na₂O₂ fusion with ICP-OES or ICP-MS finish. Sample preparation duplicates, certified reference standards, and blanks are inserted into the sample stream.

The technical content of this press release has been reviewed and approved by Jean Lafleur, P.Geo., Vice President of Exploration of the Company, and Suzie Tremblay, P.Geo., Vice President of Operations at Explo-Logik Inc. and a consultant to TomaGold, each acting as a Qualified Person under National Instrument 43-101.

About TomaGold

TomaGold Corp. (TSXV: LOT, OTCPK: TOGOF) is a Canadian junior mining company focused on the acquisition, exploration, and development of high-potential precious and base metal projects, with a primary focus on gold and copper in Québec and Ontario. The Company’s core assets are located in the Chibougamau Mining Camp in northern Québec, where it owns the Obalski gold-copper-silver project and holds options to acquire 12 additional properties, including the Berrigan Mine, Radar, David, and Dufault projects. TomaGold also holds a 24.5% joint venture interest in the Baird gold property near the Red Lake Mining Camp in Ontario. In addition, the Company has lithium and rare earth element (REE) projects in the James Bay region, strategically positioned near significant recent discoveries.

Cautionary Statement on Forward-Looking Information

This news release includes certain statements that may be deemed “forward-looking statements”. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include the potential results of exploration and drilling activities, market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates, opinions, or other factors should change.

Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Contacts

David Grondin
President and Chief Executive Officer
(514) 583-3490
www.tomagoldcorp.com

Source

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