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We also break down next week’s catalysts to watch to help you prepare for the week ahead.

This week’s tech sector performance

Tech stocks experienced sharp swings this week, starting on relatively firm footing before a broad selloff midway through the period gave way to a late rebound in semiconductor companies.

A Sunday (January 11) statement from US Federal Reserve Chair Jerome Powell put pressure on US stocks ahead of Monday’s (January 12) open, with ‘sell America’ sentiment prevalent among investors. Powell’s comments centered on a Department of Justice criminal probe into his testimony about Fed building renovations.

Financial and payment companies, including major credit card issuers, also sold off at that time following political pressure for a cap on credit card interest rates. However, the overall reaction was muted during Monday’s trading session, with some early dips recovering fully, and indexes closing at record highs.

Rotation continued to be a major theme this week, with money moving out of some mega-cap tech names and into chip stocks, small-cap companies and resource plays. Intel (NASDAQ:INTC) and Advanced Micro Devices (AMD) (NASDAQ:AMD) rallied early on after being upgraded to “overweight” by KeyBanc Capital Markets on Tuesday (January 13). Citigroup (NYSE:C) also lifted its Intel rating to “neutral” from “sell.”

Wednesday (January 14) brought heavy selling in tech stocks, with high-flying growth names seeing losses; however, Google’s (NASDAQ:GOOGL) and Apple’s (NASDAQ:AAPL) losses were comparatively mild.

Chipmakers were the bright spot, with the real catalyst coming on Thursday (January 15) after Taiwan Semiconductor Manufacturing Company’s (NYSE:TSM) blowout quarterly results triggered a rally across chipmakers and chip equipment stocks, including Micron Technology (NASDAQ:MU), Broadcom (NASDAQ:AVGO), Qualcomm (NASDAQ:QCOM), AMD and ASML Holding (NASDAQ:ASML), which hit a US$500 billion market cap on Thursday.

This performance helped stabilize the broader tech space, although caution lingered.

3 tech stocks moving markets this week

1. Taiwan Semiconductor Manufacturing Company (NYSE:TSM)

As mentioned, Taiwan Semiconductor reported blowout Q4 results and upbeat guidance on Thursday, fueled by relentless artificial intelligence (AI) demand. Revenue jumped 36 percent year-on-year, with management projecting 20 to 25 percent growth in 2026. Shares climbed 5.8 percent on the week.

2. Applied Materials (NASDAQ:AMAT)

Applied Materials gained 8.56 percent amid the broader semiconductor equipment surge.

The company’s high-bandwidth memory revenues hit US$1.5 billion in its 2025 fiscal year. This new growth engine is tied directly to NVIDIA’s (NASDAQ:NVDA) GPU roadmap.

3. KLA (NASDAQ:KLAC)

KLA, a key supplier of process control equipment to chip fabricators, rode the Taiwan Semiconductor tailwind, rising 11.99 percent for the week as investors bet on sustained CAPEX from foundries.

Taiwan Semiconductor, Applied Materials and KLA performance, January 12 to 16, 2025.

Chart via Google Finance.

Top tech news of the week

Tech ETF performance

Tech exchange-traded funds (ETFs) track baskets of major tech stocks, meaning their performance helps investors gauge the overall performance of the niches they cover.

This week, the iShares Semiconductor ETF (NASDAQ:SOXX) advanced by 5.04 percent, while the Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) saw a gain of 4.89 percent.

The VanEck Semiconductor ETF (NASDAQ:SMH) also increased by 3.76 percent.

Tech news to watch next week

Next week brings a packed slate of catalysts that could shape tech sentiment.

Intel is set to report its Q4 earnings on January 22. Recent upgrades have the stock at 52 week highs, but investors will probe foundry progress and AI revenue traction for proof of a sustained turnaround.

Davos starts on January 19, with AI and energy infrastructure front and center. Global leaders and tech executives will tackle data center power crunches and supply chain frictions, with potential hints on tariff policies.

The US Supreme Court is due to deliver rulings on the morning of January 21, including challenges to Trump’s global tariffs, while the House Financial Services Committee will hold a markup on the Financial Innovation and Technology for the 21st Century Act (FIT21), with a floor vote possible soon.

Key economic releases include retail sales on January 20, flash purchasing managers’ indexes and jobless claims on January 22 and existing home sales on January 23. These will test the soft landing narrative.

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

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Investing

SAGA Metals Announces Additional Assay Results from Drilling at Trapper North, Confirming High-Grade Mineralization at Radar Critical Minerals Project in Labrador

Saga Metals Corp. (‘SAGA’ or the ‘Company’) (TSXV: SAGA,OTC:SAGMF) (OTCQB: SAGMF) (FSE: 20H), a North American exploration company focused on critical mineral discovery, is pleased to announce the assay results for two (2) additional diamond drill holes (R-0010 and R-0011) from the Company’s Q4 2025 Phase of the Mineral Resource Estimate (MRE) drill program in Trapper North at the Radar Ti-V-Fe Project, located near the port of Cartwright in Labrador, Canada.

Trapper North Assay Highlights

Analytical results have now been obtained for all four (4) diamond drill holes in Trapper North Zone and constitute four (4) of eight (8) drill holes completed during the Q4 2025 Phase of the MRE drill program.
Analytical results to-date include numerous oxide-rich intercepts, including:
- R-0010: 135.50 m grading 50.03% Fe₂O₃, 7.87% TiO₂, and 0.352% V₂O₅.
- R-0011: 95.15 m grading 39.49% Fe₂O₃, 6.49% TiO₂, and 0.220% V₂O₅.
- R-0009: 87.20 m grading 50.67% Fe₂O₃, 10.15% TiO₂, 0.339% V₂O₅
- R-0008: 67.60 m grading 46.15% Fe₂O₃, 9.21% TiO₂, 0.311% V₂O₅
TiO₂ strength:
- 42.6% of samples > 7% TiO₂ (700 samples majority of which are 2 m)
V₂O₅ strength:
- 53.7% of samples > 0.2% V₂O₅ (700 samples majority of which are 2 m)
Continued consistency and increase in overall oxide concentration in Trapper Vs Hawkeye.

Assay Results from R-0010 and R-0011

Hole R-0010 (collared at the same location as R-0009 but oriented at 0° azimuth for true width assessment): Intercepted 135.5 meters (from 1.5 m to 137 m) grading 50.028% Fe₂O₃, 7.872% TiO₂, and 0.352% V₂O₅.
Hole R-0011 (100-meter step-out along strike from R-0009 and R-0010): Intercepted 95.15 meters (from 58.1 m to 153 m) grading 39.49% Fe₂O₃, 6.49% TiO₂, and 0.22% V₂O₅. Additionally, this hole also encountered a 22-meter interval of rhythmically banded oxide, suggesting more persistent layering occurs away from the concentrated mass in the fold nose.

For comparison with the rest of Trapper North, the following table summarizes key intercepts from all four drill holes completed in Q4 2025.

Description	DDH	FROM	TO	Length	Fe2O3	TiO2	V205
	ID	m	m	m	%	%	%
High V2O5 Layer	R-0008	37.76	117.72	79.96	45.63	8.40	0.33
High TiO2 Layer	R-0008	170	237.6	68.26	46.15	9.21	0.31
TiO2 Layer	R-0008	237.6	266.57	28.98	40.45	7.02	0.29
High TiO2 Layer	R-0009	2.53	66	63.47	44.26	9.02	0.25
High V2O5 Layer (A)	R-0009	94	181.2	87.20	50.67	10.15	0.34
High V2O5 Layer (B)	R-0009	196.11	216.4	20.29	49.12	8.67	0.37
North Fold Section	R-0010	1.5	137	135.5	50.03	7.87	0.35
North Fold Section	R-0011	58.1	153.3	95.15	39.49	6.49	0.22

Table 1: Assay results and composites of R-0008, -0009, -0010 and -0011 from Trapper North.

Michael Garagan, CGO & Director of Saga Metals, commented: ‘The successful assay results from all four drill holes at Trapper North mark a significant milestone for the Radar Project. These latest intercepts from R-0010 and R-0011 confirm the continuity of high-grade mineralization along the northern limb. This structurally related increase in thickness boosts Trapper as a standout zone with tremendous potential for titanium, vanadium, and iron mineral resources, advancing our goal of establishing a strategic North American supply of critical minerals.’

Figure 1-3 below outline all four drill holes in Trapper North with the corresponding intercepts at different viewing angles for a complete, accurate picture of the subsurface geometry:

Figure 1: Cross-Section BB looking West showing R-0008, -0009, and -0010 highlighting high-grade intercepts with the 3D Magnetic Inversion of the 2025 Trapper Zone ground magnetic survey. For the full set of R-0008 & R-0009 assays see Figure 3 cross-section N-11.

Figure 2: Cross-Section AA looking West showing R-0008, -0009, and -0011 highlighting high-grade intercepts with the 3D Magnetic Inversion of the 2025 Trapper Zone ground magnetic survey. For the full set of R-0008 & R-0009 assays see Figure 3 cross-section N-11.

Figure 3: Cross-Section N-11 looking Northwest showing R-0008, -0009, -0010 and -0011 highlighting high-grade intercepts in holes R-0008 & -0009 with the 3D Magnetic Inversion of the 2025 Trapper Zone ground magnetic survey. For the assays of R-0010 & R-0011 see Figures 1 & 2 Sections BB & AA.

Trapper North Drill Hole Details and Geological Insights

Hole R-0010 was collared at the same location as R-0009 but re-oriented to a 0-degree azimuth (compared to the standard 38 degrees) in order to test the northern limb of the Trapper North Fold. Both holes maintained a -45-degree dip. This allowed the team to drill directly through the anomaly and oxide layering at an optimal angle, enabling precise correlation of structural data between R-0009 and R-0010 while clearly defining the northern contact and limits of the oxide layer.

Hole R-0011, drilled as a 100-meter step-out along strike from R-0009 and R-0010, successfully tracked the continuation of the semi-massive oxide layer that is particularly abundant through the nose of the fold. Notably, it also intercepted a 22-meter interval of rhythmically banded oxide. This zone provides an outstanding window into the deposit, featuring exceptionally high VTM content.

Additionally, deeper oxide layering in R-0011, appeared to shallow toward the northeast—an intriguing observation that could indicate a potential at-depth connection between the Trapper and Hawkeye zones, further supporting the theory that this section of the property is one large lopolith. While this remains theoretical at present, the team intends to test the concept with future drilling once additional data increases confidence in its likelihood.

Mineral Resource Estimate Focus

The drilling in Q4 2025 at Trapper North forms part of the Company’s broader strategy to advance toward a maiden Mineral Resource Estimate for the Radar Project. The economic target is the large, continuous sections of oxide mineralization (semi-massive to massive VTM and ilmenite layers) that demonstrate consistent and exceptional grades in titanium, vanadium, and iron—critical minerals for North American supply security needed in defense, aerospace, renewable energy, and steel production.

Drilling these extensive oxide zones provides essential data on grade, thickness, continuity, and geometry, enabling the definition of a robust resource. The exceptional results from Trapper North validate the priority of targeting these enriched structural features. The rhythmic banding seen in drill hole R-0011 and in Trapper South to-date adds to the overall consistency and exceptional mineralization across the entire Trapper Zone. These elements inform the ongoing 2026 drill campaign, designed to systematically grid and delineate these zones across the Trapper Zone for increased resource confidence.

Next Steps at the Radar Ti-V-Fe Project

Personnel are expected to arrive in Cartwright, Labrador, today, and drilling will commence shortly thereafter.

The initial focus for the 2026 Radar Project drill program will be in the southern section of the Trapper Zone, also known as ‘Trapper South.’ SAGA’s geological team and Gladiator’s drill crews will take advantage of the extensive trail network created in the summer of 2025, allowing for an easy traverse for snowmobiles and the excavator used to move the drill. Drilling will begin at the southeastern extent of Trapper South, targeting approximately 30 holes (7,500 m). The program will then advance hole by hole back toward Trapper North, positioning the team to complete the remainder of the MRE drill campaign by spring.

Figure 4: Trapper Zone map outlining location of the initial 2026 focus for remainder of the MRE drill program to be completed in 2026 showing the TMI of the 2025 Trapper Zone ground magnetic survey Drilling will commence in Trapper Zone and move to Trapper North.

About Radar Property

The Radar Property spans 24,175 hectares and hosts the entire Dykes River intrusive complex (~160 km²), a unique position among Western explorers. Geological mapping, geophysics, and trenching have already confirmed oxide layering across more than 20 km of strike length, with mineralization open for expansion.

Figure 5: Radar Property map, depicting magnetic anomalies, oxide layering and the site of the 2025 drill programs. The Property is well serviced by road access and is conveniently located near the town of Cartwright, Labrador. A compilation of historical aeromagnetic anomalies is overlaid by ground-based geophysics, as shown.

Vanadiferous titanomagnetite (‘VTM’) mineralization at Radar is comparable to global Fe–Ti–V systems such as Panzhihua (China), Bushveld (South Africa), and Tellnes (Norway), positioning the Project as a potential strategic future supplier of titanium, vanadium, and iron to North American markets.

Figure 6: Radar Project’s prospective oxide layering zone validated over ~16 km strike length through Fall 2025 drilling, as shown on a compilation of historical airborne geophysics as well as ground-based geophysics in the Hawkeye and Trapper zones completed by SAGA in the 2024/2025 field programs. SAGA has demonstrated the reliability of the regional airborne magnetic surveys after ground-truthing and drilling in the 2024 and 2025 field programs.

Qualified Person

Paul J. McGuigan, P. Geo., is an Independent Qualified Person as defined under National Instrument 43-101 and has reviewed and approved the technical information disclosed in this news release.

Technical Information

Samples were cut by Company personnel at SAGA’s core facility in Cartwright, Labrador. Diamond drill core was sawed and then sampled intervals. The drill hole core diameter utilized was NQ.

Core samples have been prepared and analyzed at the Impact Global Solutions (IGS) laboratory facility in Montreal, Quebec. Blanks, duplicates, and certified reference standards are inserted into the sample stream to monitor laboratory performance. Crush rejects, and pulps are kept and stored in a secure storage facility for future assay verification. The Company utilizes a rigorous, industry-standard QA/QC program.

About Saga Metals Corp.

Saga Metals Corp. is a North American mining company focused on the exploration and discovery of a diversified suite of critical minerals that support the North American transition to supply security. The Radar Ti-V-Fe Project comprises 24,175 hectares and entirely encloses the Dykes River intrusive complex, mapped at 160 km² on the surface near Cartwright, Labrador. Exploration to date, including 4,250 m of drilling, has confirmed a large, mineralized layered mafic intrusion hosting vanadiferous titanomagnetite (VTM) and ilmenite mineralization with strong grades of titanium and vanadium.

The Double Mer Uranium Project, also in Labrador, covers 25,600 hectares and features uranium radiometrics that highlight an 18km east-west trend, with a confirmed 14km section producing samples as high as 0.428% U3O8. Uranium uranophane was identified in several areas of highest radiometric response (2024 Double Mer Technical Report).

Additionally, SAGA owns the Legacy Lithium Property in Quebec’s Eeyou Istchee James Bay region. This project, developed in partnership with Rio Tinto, has been expanded through the acquisition of the Amirault Lithium Project. Together, these properties cover 65,849 hectares and share significant geological continuity with other major players in the area, including Rio Tinto, Winsome Resources, Azimut Exploration, and Loyal Metals.

With a portfolio spanning key commodities critical to the clean energy future, SAGA is strategically positioned to play an essential role in critical mineral security.

On Behalf of the Board of Directors

Mike Stier, Chief Executive Officer

For more information, contact:

Rob Guzman, Investor Relations
Saga Metals Corp.
Tel: +1 (844) 724-2638
Email: rob@sagametals.com
www.sagametals.com

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

Cautionary Disclaimer
This news release contains forward-looking statements within the meaning of applicable securities laws that are not historical facts. Forward-looking statements are often identified by terms such as ‘will’, ‘may’, ‘should’, ‘anticipates’, ‘expects’, ‘believes’, and similar expressions or the negative of these words or other comparable terminology. All statements other than statements of historical fact, included in this release are forward-looking statements that involve risks and uncertainties. In particular, this news release contains forward-looking information pertaining to the Company’s Radar Project. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, environmental risks, limitations on insurance coverage, inherent risks and uncertainties involved in the mineral exploration and development industry, particularly given the early-stage nature of the Company’s assets, and the risks detailed in the Company’s continuous disclosure filings with securities regulations from time to time, available under its SEDAR+ profile at www.sedarplus.ca. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements only as expressly required by applicable law.

A photo accompanying this announcement is available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/9fbcc9ec-44a3-43f1-a7d7-7dbec24f1040
https://www.globenewswire.com/NewsRoom/AttachmentNg/00fad501-cc58-48c0-b7aa-a89459811cc2
https://www.globenewswire.com/NewsRoom/AttachmentNg/ae31ec17-733a-47f6-a9fd-6a2248f91f77
https://www.globenewswire.com/NewsRoom/AttachmentNg/0c36b8a7-5fc7-4ec2-9c73-d8ca9e544560
https://www.globenewswire.com/NewsRoom/AttachmentNg/fa283bb3-a0d0-44b9-a334-319bd3d1fcc5
https://www.globenewswire.com/NewsRoom/AttachmentNg/7ee3ee38-298e-44ac-b8db-1fda53783226

News Provided by GlobeNewswire via QuoteMedia

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Investing

Harvest Gold

Investment Insight

Harvest Gold offers investors a compelling opportunity to participate in early-stage exploration within Quebec’s prolific Abitibi Greenstone Belt – home to some of Canada’s richest gold deposits – through three strategically located and 100 percent owned properties, with a flagship asset positioned for significant discovery upside.

Overview

Harvest Gold (TSXV:HVG)is a Canadian junior exploration company advancing a portfolio of three 100 percent owned gold projects – Mosseau, Urban Barry and LaBelle – located within Quebec’s world-renowned Abitibi Greenstone Belt. With more than 200 million ounces of historical gold production, the Abitibi is one of the most productive gold regions globally. Harvest Gold’s properties are strategically positioned within and adjacent to the Urban Barry Greenstone Belt, an emerging gold camp that has attracted sustained interest from major mining companies.

The Urban Barry Belt hosts several high-grade, multi-million-ounce deposits, including the Windfall deposit, developed by Osisko Mining and now owned by Gold Fields, as well as Bonterra’s Gladiator and Barry deposits. As consolidation by major producers continues across the belt, Harvest Gold controls three of the few remaining independent, district-scale land packages. With excellent road access, nearby infrastructure and newly exposed bedrock from recent forest fires, the company’s properties offer exceptional discovery potential.

Harvest Gold’s strategy is underpinned by a highly experienced management and technical team. CEO Rick Mark brings over 30 years of leadership in public resource companies, having guided his 2000’s group of four companies to peak valuations of approximately C$200 million. The technical team includes Louis Martin, a two-time AEMQ “Discovery of the Year” award winner, and Warren Bates, former VP exploration at Pelangio Exploration and part of the Blackwater discovery team. Together, the team brings deep expertise in structural geology, Abitibi-focused exploration, and discovery-driven value creation.

The company is supported by Crescat Capital, a respected institutional investor with a strong record of backing early-stage discoveries. Crescat’s involvement reflects the endorsement of its strategic advisor, Dr. Quinton Hennigh, who has highlighted the district-scale opportunity created by Harvest Gold’s land position along the Wilson Pluton–volcanic contact.

Company Highlights

Flagship Mousseau Project: Large-scale, advanced-stage exploration property with multiple confirmed gold-bearing shear zones.
Tier-one address: All projects located in Quebec’s Urban Barry Greenstone Belt where Gold Fields recently acquired Osisko Mining’s world-class Windfall deposit and much of the rest of the Urban Barry belt.
Institutional Backing: Crescat Capital, with renowned exploration geologist Dr. Quinton Hennigh, owns 19+ percent of Harvest Gold.
Skilled Technical Team: Leadership includes seasoned geologists and executives with proven discovery and development track records.
Favourable Jurisdiction: Operates in Quebec, a politically stable, mining-friendly province with excellent infrastructure and low exploration costs.
Strategic Timing: Harvest Gold has commenced its maiden drill program at Mosseau during a period of historically strong gold prices.

Key Projects

Mousseau Gold Project

The Mosseau Gold Project is Harvest Gold’s flagship asset, comprising approximately 195 claims covering about 9,740 hectares in the northern Abitibi Greenstone Belt of Quebec. Located roughly 15 kilometres east of Lebel-sur-Quévillon, the project benefits from year-round road access and established regional infrastructure. The property is bordered to the north by Gold Fields and Cartier Resources and lies near a large claim block staked by noted prospector Shawn Ryan, placing Mosseau within an active and highly prospective exploration corridor.

Geologically, Mosseau straddles two major structural corridors: the Morono Shear Zone and the Kiask River Fault Zone. These structures host classic shear-related gold mineralization, characterized by multiple stacked quartz–sericite shear zones ranging from less than one metre to more than 30 metres in width, with demonstrated continuity along strike and at depth. To date, 49 significant surface gold showings have been identified, along with a historical, non–NI 43-101 compliant gold resource at the Morono Zone.

In 2024, Harvest Gold completed a high-resolution airborne magnetic survey over the entire Mosseau property. This modern dataset identified previously unrecognized structures and magnetic domains, significantly refining drill targeting. Follow-up mapping, prospecting, and soil geochemistry—greatly enhanced by new bedrock exposure from the 2023 forest fires—outlined multiple high-priority targets along both the Morono and Kiask River structural corridors.

In 2025, Harvest Gold commenced its maiden diamond drill program at Mosseau, targeting priority zones in the Northern and Central areas of the property. Results from the first six drill holes confirmed the discovery of a new, previously untested mineralized horizon approximately 100 metres east of the Trench 1B showing. This newly identified horizon is associated with a moderate induced polarization anomaly that can be traced for approximately 600 metres along strike and remains open.

Recent drilling highlights include:

1.90 g/t gold over 5.4 metres, including 8.67 g/t gold over 0.6 metres
1.10 g/t gold over 6.0 metres, including 2.02 g/t gold over 1.5 metres
Higher-grade gold associated with semi-massive sulphides containing elevated silver and base metals (copper, zinc, lead)

Fourteen drill holes totaling 3,030 metres have now been completed, representing approximately 60 percent of the planned 5,000-metre program. Drilling is ongoing, with results continuing to demonstrate the scale, continuity, and polymetallic character of the Mosseau system.

With its district-scale footprint, proven gold endowment, improving geological model, and active drilling success, the Mosseau Project is well positioned to evolve into a significant discovery with strong potential to attract strategic partners or acquirers.

Urban Barry Property

Acquired from EGR Exploration, the Urban Barry property comprises 6,879 hectares located west of the Osisko/Gold Fields Windfall property. The project spans 20 km of favorable strike length and sits along the southern margin of the Urban Barry Greenstone Belt.

Key advantages:

Analogous geological setting to Windfall and Gladiator
Road-accessible with mapped deformation zones and quartz-vein hosted gold indicators
2024 magnetic surveys and fieldwork completed; drilling strategy is in development

LaBelle Project

Staked in 2024, LaBelle covers 3,394 hectares and represents a 9 km southeast extension of the Kiask River Fault. It mirrors the geological setting of Mousseau, with similar NW-SE oriented shear zones and structural contacts between the Wilson Pluton and volcanic sequences.

Though early-stage, LaBelle offers:

District-scale exploration potential
Proximity to Harvest’s other assets for operational synergy
Favorable structural and lithological environment

Management Team

Rick Mark – President, CEO and Chair

With more than 40 years of leadership in public resource companies, Rick Mark previously helmed VMS Ventures, North American Nickel and Pancontinental Uranium, each achieving peak valuations of C$200 million.

Louis Martin – Senior Technical Advisor, Quebec Exploration

A Quebec-focused geological consultant with more than 40 years of experience, Louis Martin is the former VP of exploration at Clifton Star Mining, where he led the team developing the Duparquet deposit. He is a multiple-time recipient of the AEMQ “Discovery of the Year” award.

Pat Donnelly – Independent Director

Recently VP capital markets at Tutor Gold, Pat Donnelly is a former co-founder and president of First Mining Gold, where he executed eight M&A deals growing the company’s market cap from $30 million to $600 million.

Len Brownlie – Independent Director

Len Brownlie brings more than 30 years of executive leadership in mining exploration. He is the former president of Goldrush Resources and director of First Silver Reserve.

Christopher Cherry – CFO and Director

Christopher Cherry has more than 15 years of experience in corporate accounting and audit for public companies. He oversees Harvest Gold’s financial strategy and compliance.

Ed Zablotny – Independent Director

Ed Zablotny boasts over 35 years in venture capital markets with expertise in trading, credit and regulatory compliance.

Warren Bates – Geological Team

Warren Bates is a veteran geologist with 30+ years in gold and base metals exploration. He is the former VP of exploration at Pelangio Exploration and part of the Blackwater deposit discovery team.

Henry Awmack – Geological Team

Henry Awmack is the co-founder of Equity Exploration Consultants, with over 40 years of exploration experience. He was notably involved in early work on the Cobre Panama copper-gold deposit.

Neil Richardson – Geological Team

Neil Richardson is a geological consultant and the VP Explorations for Hudbay Minerals. He led the team behind the discovery and development of the Reed Mine while at VMS Ventures.

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Investing

Top 5 Canadian Mining Stocks This Week: Homeland Nickel Gains 132 Percent

The Government of Ontario, Canada, announced on Tuesday (January 13) that it was accelerating permitting and development on Canada Nickel Company’s (TSXV:CNC,OTCQX:CNIKF) Crawford nickel project near Timmins, as part of its “One Project, One Process” framework.

The designation will help the project attract C$5 billion in investment funding to develop the mine and a nickel processing plant that will provide materials for the stainless steel and electric vehicle markets.

Once complete, the mine will create 1,300 jobs and support an additional 3,000 workers throughout the community and supply chain.

On the international stage, Canadian representatives, including Prime Minister Mark Carney, travelled to China this week for a four-day visit in hopes of improving relations between the two countries.

Among the results of the visit was a softening of tariffs on Chinese electric vehicles entering Canada. Under the new terms, Chinese companies will be allowed to sell up to 49,000 automobiles per year in Canada at a 6.1 percent tariff. In exchange, China has loosened its tariffs on Canadian canola to 15 percent, and removed all tariffs on canola meal, lobsters, crab and peas.

Additionally, the Canadian government announced on Friday (January 16) that it had reaffirmed a memorandum of understanding with China’s National Energy Administration. The MoU sees both countries strengthen cooperation over energy initiatives and advance dialogue over the energy transition; conventional, clean and nuclear energy; and uranium resources.

South of the border, on Sunday (January 11) US Federal Reserve Chair Jerome Powell issued a rare statement on his relationship with the Trump administration when he revealed that he had received subpoenas from the Department of Justice.

According to his remarks, US Attorney and Trump appointee Jeanine Pirro had opened an investigation into Powell’s oversight of the Federal Reserve’s building renovation project.

Although no charges have been laid, the investigation illustrates a deepening rift between the Fed Chairman and the Trump administration. Powell said he believes the investigation is related to the administration’s frustration over what it claims is a slow pace of interest rate cuts.

The president has previously stated his desire to replace Powell as the Fed’s chair, but because the Fed is independent, he can only do so with the support of Congress. While Powell’s term as chairman ends in May, his term as a Fed governor doesn’t end until January 2028, which may stymie Trump’s plan to gain greater control over the agency and its policy direction.

For more on what’s moving markets this week, check out our top market news round-up.

Markets and commodities react

Canadian equity markets were on the rise this week.

The S&P/TSX Composite Index (INDEXTSI:OSPTX) gained 1.8 percent over the week to close Friday at 33,040.55, while the S&P/TSX Venture Composite Index (INDEXTSI:JX) fared even better, rising 4.28 percent to 1,091.13. The CSE Composite Index (CSE:CSECOMP) also gained ground, rising 2.61 percent to close at 188.29.

The gold price continued to trade at all-time highs this week, reaching US$4,639 per ounce amid heightened tensions in the Middle East over protests in Iran and as the US contemplated military involvement. Overall, it gained 2.32 percent during the week, closing the week at US$4,582.81 per ounce on Friday at 4:00 p.m. EST.

The silver price performed even stronger, trading above US$93 per ounce on Wednesday at new highs. Although the price pulled back slightly by the end of the week, it still posted a weekly gain of 16.08 percent, closing Friday at US$89.36.

In base metals, the Comex copper price recorded a 2 percent drop this week to US$5.88.

The S&P Goldman Sachs Commodities Index (INDEXSP:SPGSCI) rose 1.45 percent to end Friday at 562.91.

Top Canadian mining stocks this week

How did mining stocks perform against this backdrop?

Take a look at this week’s five best-performing Canadian mining stocks below.

Stocks data for this article was retrieved at 4:00 p.m. EST on Friday using TradingView’s stock screener. Only companies trading on the TSX, TSXV and CSE with market caps greater than C$10 million are included. Mineral companies within the non-energy minerals, energy minerals, process industry and producer manufacturing sectors were considered.

1. Homeland Nickel (TSXV:SHL)

Weekly gain: 135.71 percent
Market cap: C$65.57 million
Share price: C$0.33

Homeland Nickel has a portfolio of nickel projects in Oregon, US: Red Flat, Cleopatra, Eight Dollar Mountain and Shamrock.

In addition, the company holds investments in mining companies with nickel projects, including Benton Resources (TSXV:BEX,OTCPL:BNTRF), Canada Nickel Company and Noble Mineral Exploration (TSXV:NOB,OTCQB:NLPXF).

Shares in Homeland surged this week following news on Tuesday that Canada Nickel’s Crawford project in Ontario was selected for the province’s “One Project, One Process” review framework, which will allow for an accelerated timetable for permitting and development of the asset.

Canada Nickel is Homeland’s top investment, holding 742,095 shares valued at C$1.08 million.

Homeland did not release news of its own this week, but its share price has also been supported by rising nickel prices, which climbed from a low of US$14,255 per metric ton in the middle of December to as high as US$18,785 on Wednesday.

2. Eskay Mining (TSXV:ESK)

Weekly gain: 89.66 percent
Market cap: C$108.21 million
Share price: C$0.55

Eskay Mining is an exploration company advancing its namesake project in the Golden Triangle region of British Columbia, Canada.

The property located in the province’s northwest sits on a land package of 130,000 acres, and hosts several gold and silver volcanogenic massive sulfide and magmatic nickel, copper and platinum group metals targets.

Final assay results from its summer 2025 sampling program at the site were released on November 7. The company said the batch consisted of 121 rock chip and channel samples, with 11 returning grades over 20 g/t gold and 31 with grades over 1 g/t.

At the time, the company said mineralization bears similarities to discoveries at Goliath Resources’ (TSXV:GOT,OTCQB:GOTRF) Surebet and Juggernaut Exploration’s (TSXV:JUGR,OTCPL:JUGRF) Big One projects. Eskay added that it can see a path to a maiden drill program in 2026.

The most recent news from Eskay came on Monday when it announced that Clinton Smyth had been hired as the company’s chief geologist for its 2026 exploration program. Smyth has spent 25 years in the industry working for Anglo American (LSE:AAL,OTCQX:NGLOY) and Minorco.

3. Batero Gold (TSXV:BAT)

Weekly gain: 86.36 percent
Market cap: C$23.61 million
Share price: C$0.205

Batero Gold is an exploration company focused on advancing its Quinchia project in the Department of Risaralda, Colombia.

The property is composed of one tenement covering 1,407 hectares, with an additional 155 hectare concession under application. A September 2022 mineral resource estimate was included in its management discussion and analysis for the year ending August 2025.

Across three zones, the project’s La Cumbre deposit hosts a contained measured and indicated resource of 2.2 million ounces of gold and 6.43 million ounces of silver from 51.73 million metric tons of ore with average grades of 0.5 g/t gold and 1.47 g/t silver.

The company has not released news in the past week, but its share price has surged amid significant gains in precious metals prices since the start of 2026.

4. Auric Minerals (CSE:AUMC)

Weekly gain: 82.14 percent
Market cap: C$11.22 million
Share price: C$0.51

Auric Minerals is a uranium exploration company focused on its Route 500 and Bub properties in Newfoundland and Labrador, Canada.

The projects are both located in Labrador’s Central Mineral Belt, with Route 500 consisting of 441 mineral claims across 11,025 hectares and Bub consisting of 318 claims across 7,949 hectares.

The more advanced Route 500 project hosts surface showings with high-grade uranium mineralization, while Bub includes strong radiometric anomalies covering 30 square kilometers and 20 square kilometers.

Auric announced on December 31 that it had acquired a 100 percent interest in the English Lake, Otter Lake and Kan projects, all located in Labrador, in exchange for 22 million common shares at C$0.315 per share, 8 million warrants, cash payments of C$32,000 and a 2.5 percent net smelter return.

According to the same release, the company also amended its option agreements for the Route 500, Bub and Portage properties deal to waive its additional obligations, including future cash payments, share issuances, and exploration expenditures, in exchange for 500,000 shares to each of the optioners for a total of 1.5 million shares.

On January 8, Auric officially acquired 100 percent of the three properties after issuing the shares.

5. Patagonia Gold (TSXV:PGDC)

Weekly gain: 80.22 percent
Market cap: C$432.5 million
Share price: C$0.82

Patagonia Gold is a precious metals production and development company primarily focused on advancing its Cap-Oeste and Calcatreu underground projects in Argentina.

Located in Santa Cruz province, Cap-Oeste hosted open-pit mining operations until 2018. While Patagonia is working on the exploration and development of the underground resource at the site, it has been able to recover gold and silver from residual leaching on site.

According to the company’s website, a 2018 mineral resource estimate for Cap-Oeste reported measured and indicated values of 704,300 ounces of gold and 21.43 million ounces of silver from 10.56 million metric tons of ore with average grades of 2.07 grams per metric ton (g/t) gold and 63.2 g/t silver.

Its Calcatreu project, located in the Rio Negro province, is currently under construction. Calcatreu hosts a measured and indicated resource of 669,000 ounces of gold and 6.28 million ounces of silver from 9.84 million metric tons of ore, with average grades of 2.11 g/t gold and 19.8 g/t silver.

The most recent news from the company came on Thursday when it provided an update on construction activities at Calcatreu, which it has resumed following a holiday break.

In the announcement, Patagonia said it has extracted and stockpiled 40,000 metric tons of mineralized material from the Veta 49 pit. Of the material, the company said that 5,200 metric tons are expected to be stacked on the leach pad following electric leak detection tests later in January.

Additionally, Patagonia expects the carbon-in-column circuit construction will also be completed in January. After stockpiled material begins being leached and processed, the metal doré product will be sent to Canada to be refined in Ontario.

Patagonia expects to release an updated technical report for the project during the second quarter of the year.

FAQs for Canadian mining stocks

What is the difference between the TSX and TSXV?

The TSX, or Toronto Stock Exchange, is used by senior companies with larger market caps, and the TSXV, or TSX Venture Exchange, is used by smaller-cap companies. Companies listed on the TSXV can graduate to the senior exchange.

How many mining companies are listed on the TSX and TSXV?

As of May 2025, there were 1,565 companies listed on the TSXV, 910 of which were mining companies. Comparatively, the TSX was home to 1,899 companies, with 181 of those being mining companies.

Together, the TSX and TSXV host around 40 percent of the world’s public mining companies.

How much does it cost to list on the TSXV?

There are a variety of different fees that companies must pay to list on the TSXV, and according to the exchange, they can vary based on the transaction’s nature and complexity. The listing fee alone will most likely cost between C$10,000 to C$70,000. Accounting and auditing fees could rack up between C$25,000 and C$100,000, while legal fees are expected to be over C$75,000 and an underwriters’ commission may hit up to 12 percent.

The exchange lists a handful of other fees and expenses companies can expect, including but not limited to security commission and transfer agency fees, investor relations costs and director and officer liability insurance.

These are all just for the initial listing, of course. There are ongoing expenses once companies are trading, such as sustaining fees and additional listing fees, plus the costs associated with filing regular reports.

How do you trade on the TSXV?

Investors can trade on the TSXV the way they would trade stocks on any exchange. This means they can use a stock broker or an individual investment account to buy and sell shares of TSXV-listed companies during the exchange’s trading hours.

Article by Dean Belder; FAQs by Lauren Kelly.

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

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

This post appeared first on investingnews.com

Investing

Editor’s Picks: Gold Price Breaks US$4,600, Silver Tops US$93 in Record-Setting Week

Gold and silver are wrapping up yet another record-setting week that’s seen economic uncertainty and geopolitical tensions combine to push prices upward.

The yellow metal moved decisively through US$4,600 per ounce on Monday (January 12), trading above that level for a decent amount of the week.

For its part, silver reached what’s perhaps an even more impressive price milestone, surging past US$90 per ounce and breaking US$93 on Wednesday (January 14).

At this point, there’s a very long list of factors providing support for the precious metals, and we don’t have time to touch on all of them today. Instead let’s take a look at a few that have been making headlines over the past week or so and break them down.

First, there’s the latest news in the clash between US President Donald Trump and Federal Reserve Chair Jerome Powell. On Sunday (January 11), Powell said that two days earlier, the Department of Justice had served the Fed with grand jury subpoenas threatening a criminal indictment.

I had the chance to speak with Mario Innecco, who runs the @maneco64 channel on YouTube, not long after Powell’s statement — here’s how he summed it up:

‘They’ve subpoenaed documents, and it’s supposed to be related to the renovation of the Fed’s headquarters in Washington, DC. But Jay Powell came out and said it’s not, it’s basically because they want him to cut rates.

‘And he’s probably right. I think they’re using any kind of, let’s say tricks, to try to get rid of him, because I think the administration, even though they talk about how the economy is doing so great, they are desperate.’

Trump himself has said he had no knowledge of the investigation, and has also asserted that he’s not interested in firing Powell, whose term as Fed chair wraps up in May.

Nevertheless, the situation has reignited concerns about Fed independence, and has provided support for gold and silver, which tend to fare better when rates are lower. The next Fed chair, who has not yet been appointed, is widely expected to fall in line with Trump.

In addition to that, geopolitical tensions have remained high. Venezuela is still in the spotlight after its former president was removed by the US last week, and this week Trump warned that the US would intervene in Iran if its executions of anti-government protesters did not stop.

Iran responded by saying it would strike US bases if that happened.

Those events and others are boosting safe-haven demand for gold, as well as silver, but I want to hone in on a couple more points on the silver side that I think are worth looking at.

One of those is the news that the US plans to hold off on new critical minerals tariffs after receiving the results of a Section 232 investigation launched last year.

While a presidential proclamation states that imports of processed critical minerals and their derivative products do constitute a national security risk for the US, the country will first take steps such as negotiating supply agreements with other nations.

Silver was recently designated a critical mineral in the US, and some market watchers believe this news out of the US was responsible for a midweek price dip for the white metal. However, others continue to highlight silver’s deeper underlying drivers.

I heard recently from Andy Schectman of Miles Franklin, who emphasized that a key element supporting silver right now is the fact that more and more entities are standing for physical delivery.

Here’s how he explained what he’s seeing:

‘For years I’ve been saying … that the most well-informed, well-funded traders — and I’ll highlight well informed, that being the central banks — have been standing for delivery since 2020. Very unusual, because really no one ever stood for delivery. And this started to accelerate. But all along, the US was not part of this game. We were seeing it in the Global South with the BRICs. And now all of a sudden we are seeing the most well-informed traders in North America stand for delivery in massive amounts.’

Gold ended the week just below US$4,600, while silver was slightly above US$90.

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

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Investing

Application for EU Strategic Project Designation for Black Schist Ni-Cu-Co-Zn Project, Finland

Further to the Preliminary Economic Assessment announced on 31 January 2025, Metals One (AIM: MET1, OTCQB: MTOPF), a critical and precious metals exploration and development company, is pleased to announce it has formally applied to the EU for Strategic Project designation for the Company’s Black Schist Ni-Cu-Co-Zn Project in Finland. The application has been made pursuant to the Critical Raw Materials Act, which seeks to establish a framework for ensuring a secure and sustainable supply of critical raw materials.

Highlights of Basis of Application

Project Summary & Strategy Recap

The Black Schist Project comprises the Rautavaara (‘R1’) and Paltamo (‘P5’) deposits in eastern Finland, near the regional mining centre of Sotkamo and supported by excellent transport and power infrastructure. Metals One holds 100% of the licences through its wholly owned subsidiary and acquired the project in 2023, commissioning CSA Global to prepare a Competent Persons Report, including a Mineral Resource Estimate for R1. The project is located within the economically significant Kainuu Schist Belt, which hosts Talvivaara-style black schist mineralisation – one of Europe’s lowest-cost and most environmentally attractive sources of Ni-Zn-Co-Cu battery metals.

On listing, Metals One secured low-risk exploration licences across the belt, including an existing JORC Inferred Resource of 28.1 Mt at R1 and a JORC Exploration Target of 16-25 Mt at P5. The Company’s strategy focuses on rapidly growing resources by refining a geological and geophysical prospectivity model, expanding and upgrading R1 and P5 through drilling, and identifying new targets. In late 2023, an eight-hole, 1,548 m drill programme at the R1 Hook anomaly refined the model and highlighted potential resource extensions, with early results already guiding further target generation, including the K1 prospect at Korpimäki.

Purpose of Designation

For the purposes of designation under the Critical Raw Materials Act, the R1 deposit constitutes the Strategic Project core asset of the Black Schist Project.

The designation is sought to support the advancement of R1 from Preliminary Economic Assessment (‘PEA’) to Pre-Feasibility Study (‘PFS’) and subsequent permitting, enabling near-term de-risking of EU-based extraction capacity for strategic raw materials, notably cobalt and copper, with nickel produced as a strategically relevant co-product.

Basis for Prioritisation

R1 has been prioritised based on the following PEA-supported factors:

Demonstrated positive economics at PEA level, including a post-tax NPV at both 5% and 8% discount rates as announced on 31 January 2025
Established JORC-compliant Inferred Mineral Resource constrained by reasonable prospects for eventual economic extraction
Proximity to established Finnish processing infrastructure and technical precedent
Manageable environmental and permitting risks that are identifiable and capable of early mitigation

P5 is excluded from the initial Strategic Project scope and is considered a contingent, medium-term optional expansion subject to future optimisation and market conditions.

Strategic Intent

Strategic Project designation is intended to:

Support structured and coordinated permitting for the Rautavaara deposit
Facilitate engagement with EU institutions, Member State authorities and potential downstream counterparties
Enable access to EU-aligned de-risking, financing and technical assistance mechanisms
Preserve optionality for future expansion without diluting near-term strategic focus

Project Relevance

In 2023, global nickel production was reported to be over 3.3 Mt, an increase of over 10% from 2022, of which Indonesia and the Philippines account for over 60%. By contrast, negligible amounts of nickel are currently produced in Europe. Although nickel does not currently qualify as a critical raw material in the EU, the US Geological Survey added nickel (and zinc) to its critical minerals list in 2022, meaning that the metal is now considered to be essential to the economic security of the US. Despite not qualifying for the EU list, analysis still identified nickel to be of material economic importance to the EU as a Strategic Raw Material and, since the start of Q2 2022, Indonesia (the largest global producer) has banned the export of unprocessed nickel ores to ensure that ores are processed domestically as opposed to being exported and processed offshore. Given these relatively recent developments in the nickel market, producing the metal domestically within the EU becomes an ever more critical goal.

The PEA highlights the opportunity for the Company’s Black Schist Project to make a meaningful contribution to the security of the EU’s supply of this strategic material.

Daniel Maling, Managing Director of Metals One, commented:

‘Access to raw materials is essential for the EU’s economy and the functioning of the internal market. The Black Schist Project is a multi-metal extraction project potentially contributing to the Union’s security of supply for several Strategic Raw Materials.

Strategic Project designation would provide several key advantages that could aid in the project’s development and long-term success, including but not limited to enhanced access to project financing, including eligibility for funding from EU programmes, and streamlined permitting processes.

Given the key role of many critical raw materials in realising the green and digital transitions, and considering their use for defence and aerospace applications, demand is likely to increase exponentially in the coming decades. Further, risk of supply disruptions is increasing against the background of rising geopolitical tensions and resource competition. We believe our Black Schist Project can contribute a stable and secure resource of strategic and critical metals to the EU market.’

Enquiries:

Metals One Plc

Daniel Maling, Managing Director

Craig Moulton, Chairman

info@metals-one.com

+44 (0)20 7981 2576

Beaumont Cornish Limited (Nominated Adviser)

James Biddle / Roland Cornish

+44 (0)20 7628 3396

Oak Securities (Joint Broker)

Jerry Keen / Calvin Man

+44 (0)20 3973 3678

Capital Plus Partners Limited (Joint Broker)

Jonathan Critchley

+44 (0)207 432 0501

Vigo Consulting (UK Investor Relations)

Ben Simons / Fiona Hetherington

IR.MetalsOne@vigoconsulting.com +44 (0)20 7390 0230

About Metals One

Metals One is pursuing a strategic portfolio of critical and precious metals projects and investments underpinned by the Western World’s urgent need for reliably and responsibly sourced raw materials – and record high gold prices. Metals One’s shares are listed on the London Stock Exchange’s AIM Market (MET1) and on the OTCQB Venture Market in the United States (MTOPF).

Map of Metals One projects/investments

Follow us on social media:

LinkedIn: https://www.linkedin.com/company/metals-one-plc/

X: https://x.com/metals_one_PLC

Subscribe to our news alert service on the Investors page of our website at: https://metals-one.com

Market Abuse Regulation (MAR) Disclosure

The information set out below is provided in accordance with the requirements of Article 19(3) of the Market Abuse Regulations (EU) No. 596/2014 which forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (‘MAR’).

Nominated Adviser

Beaumont Cornish Limited (‘Beaumont Cornish’) is the Company’s Nominated Adviser and is authorised and regulated by the FCA. Beaumont Cornish’s responsibilities as the Company’s Nominated Adviser, including a responsibility to advise and guide the Company on its responsibilities under the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other persons for providing protections afforded to customers of Beaumont Cornish nor for advising them in relation to the proposed arrangements described in this announcement or any matter referred to in it.

Source

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Investing

American Eagle Continues to Expand South Zone near Surface Mineralization: Highlights Include 140 m of 0.74% Copper Eq. and 130 m of 0.62% Copper Eq.

American Eagle Gold Corp. (TSXV: AE) (‘American Eagle’ or the ‘Company’) is pleased to announce drill results that further expand the South Zone at its NAK copper-gold project in British Columbia. Holes NAK25-55 and NAK25-62 extend shallow mineralization nearly 150 meters east-southeast, while NAK25-69 and NAK25-72 expand it 150 meters to the west-southwest. Notably, NAK25-55 and -62 highlight near-surface mineralization along the southern edge of the Babine porphyry stock shown in Figure 1. Additionally, Figure 2 highlights the South Zone growth achieved through the drill results presented in this release.

Highlights:

NAK25-62: Extended near-surface mineralization 150 m east of NAK25-46, intersecting 140 m of 0.74% CuEq within 189 m of 0.61% CuEq starting near surface.
NAK25-55: Extended near-surface mineralization 150 m south of NAK25-62, intersecting 134 m of 0.40% CuEq starting near surface.
NAK25-69: Extended mineralization 150 m south of NAK25-41, intersecting 130 m of 0.62% CuEq within 409 m of 0.33% CuEq starting 215 m downhole.
NAK25-72: Further westward extension of NAK25-69 drilled from the same location at a shallower inclination, intersecting 455 m of 0.31% CuEq starting 166 m downhole.

Strategic Importance of the South Zone:

The South Zone is characterized by strong grades, shallow mineralization, and minimal overburden, making it a logical focus for continued step-out and infill drilling. This area has the potential to support early-stage development scenarios while providing optionality for bulk mining approaches in adjacent, yet-to-be-defined zones across the NAK project.

With these latest results, the South Zones dimensions extend over 700 m in the east-west direction, 500 m in the north-south direction, and to over 800 m in depth. The holes in this release have contributed a high-confidence expansion of over 150 m in both the east-west and north-south dimensions from the previous iteration of the model, and a substantial increase over the previous seasons of drilling (see Figure 3). Strong potential for expansion remains along the southern margin of the Babine Porphyry stock, where the Company has completed additional widely spaced step-out drilling, within a 1 km trend of open, highly prospective ground, extending eastward from the currently modeled bounds of the zone (see Figure 4).

‘These results reinforce the South Zone as the focus of our drilling program, yet they also highlight that it sits within what is clearly an exceptionally large and continuous copper-gold system at NAK that exists far beyond what is the South Zone. The consistent near-surface mineralization and significant step-out extensions in multiple directions confirm both the scale and the potential of NAK,’ said Anthony Moreau, CEO of American Eagle Gold Corp.

View Interactive 2D Map of NAK

View Core Photos for Released Holes

Watch: Webinar with Anthony Moreau and Neil Prows Discussing Significance of January 15 Results

NAK25-62 Assay Results (Table 1) and Details*

Hole	From	To	Length	Cu %	Au g/t	Ag g/t	Mo ppm	CuEq %
NAK25-62	124	264	140	0.28	0.35	1.2	100	0.74
Within
NAK25-62	75	264	189	0.23	0.28	1.1	90	0.61
And
NAK25-62	483	701	218	0.17	0.15	0.4	49	0.37
Within
NAK25-62	32	827	795	0.13	0.12	0.5	51	0.30

View Clean Cross Section l View Combined Hole Cross Section l View Hole Location

* Copper Equivalent (CuEq) shown in Tables for drill intercepts are calculated on the basis of US$ 4.50/lb for Cu, US$ 3,375/oz for Au, US$ 60/oz for Ag and US$ 25/lb for Mo, with 80% metallurgical recoveries assumed for all metals (since it’s unclear what metals will be the principal products, assuming different recoveries is premature at this stage). The formula is: CuEq. = Cu % + (Au grade in g/t x (Au recovery / Cu recovery) x [Au price ÷ 31] / [Cu price x 2200 x 1%]) + (Ag grade in g/t x (Ag recovery / Cu recovery) x [Ag price ÷ 31] / [Cu price x 2200 x 1%] + (Mo grade in % x (Mo recovery / Cu recovery) x [Mo price] / [Cu price]). The assays have not been capped.

NAK25-62 was collared approximately 150 m to the east of NAK25-46 and drilled steeply to the west. This hole was designed to expand the known extent of South Zone mineralization to the east of the tested zone. NAK25-62 collared into interbedded siltstone, sandstone, and conglomerate, before transitioning into a well mineralized package of sandstone at a depth of 75 m. Concordant with the Company’s modelling, mineralization, consisting of disseminated and vein hosted chalcopyrite remained strong to a depth of 264 m, where the hole transitioned to a thinly bedded, less well mineralized package of fine-grained sedimentary rock. Disseminated chalcopyrite mineralization abruptly increases in abundance below this unit, at a depth of 480 m, coinciding with a transition to the well constrained mineralized conglomerate. As the hole traversed deeper, sulfide speciation gradually shifted to pyrite/pyrrhotite dominant, bottoming in concretion-bearing fine sandstone cut by narrow mafic dyking.

NAK25-55 Assay Results (Table 2) and Details*

Hole	From	To	Length	Cu %	Au g/t	Ag g/t	Mo ppm	CuEq %
NAK25-55	97	231	134	0.13	0.21	1.3	14	0.40
And
NAK25-55	503	808	305	0.12	0.07	0.5	60	0.23
Within
NAK25-55	119	884	765	0.09	0.07	0.6	40	0.21

View Cross Section l View Hole Location

NAK25-55 was collared approximately 150 m south-southeast of NAK25-62 and drilled steeply to the west-northwest. The hole was designed to test both near surface and deep mineralization beyond the southeastern extent of drilling in the South Zone. The hole collared into interbedded sandstone and siltstone with subordinate lenses of conglomerate, to a depth of 300 m, where the hole’s first instance of fine grained mafic intrusive was encountered. The mafic unit continued to a depth of 400 m, where the hole transitioned into sparsely feldspar phyric porphyry dyking followed by conglomerate. Conglomerate predominated to a depth of 600 m, where thin beds of sandstone were interspersed with numerous intervals of fine grained mafic intrusive rock, which remained the dominant lithology to end of hole. Mineralization in NAK25-55 consisted of sparse chalcopyrite disseminations and stringers, primarily confined to sandstone and conglomerate lithologies, with local punctuations of vein hosted bornite confined to narrow zones within the lower intercept of mafic dyking.

NAK25-69 Assay Results (Table 3) and Details*

Hole	From	To	Length	Cu %	Au g/t	Ag g/t	Mo ppm	CuEq %
NAK25-69	452	582	130	0.32	0.16	1.0	175	0.62
Within
NAK25-69	215	624	409	0.18	0.08	0.8	77	0.33
Within
NAK25-69	13	787	774	0.13	0.05	0.6	62	0.23

View Cross Section l View Hole Location

NAK25-69 was collared from the same location as NAK25-49, and drilled steeply to the west. This hole was designed to test the southern limits of mineralization, approximately 100 m south of the stronger than anticipated mineralization encountered in NAK25-41. The hole collared into interbedded sandstone and siltstone interspersed with thin beds of conglomerate, before entering dominantly conglomerate units at a depth of 175 m. The hole remained in conglomerate, cut by numerous instances of compositionally and texturally variable porphyry dyking, to a depth of 450 m, where interbedded fine to coarse sandstone prevailed as the dominant lithology. Mineralization in NAK25-69 was characterized by broad zones of low to moderate grade, represented by sparsely distributed chalcopyrite bearing quartz-anhydrite veins and sparse chalcopyrite disseminations, punctuated by shorter intervals of stronger grade, associated with bornite and dense chalcopyrite mineralization. The strongest zones of mineralization are commonly associated with the presence of porphyry dyking, notably between 452 and 582 m, where the dykes themselves host abundant chalcopyrite and bornite disseminations.

NAK25-72 Assay Results (Table 4) and Details*

Hole	From	To	Length	Cu ppm	Au g/t	Ag g/t	Mo ppm	CuEq %
NAK25-72	166	245	79	0.28	0.11	1.3	217	0.54
And
NAK25-72	416	570	154	0.27	0.08	1.6	72	0.42
Within
NAK25-72	166	621	455	0.18	0.06	1.0	72	0.31

View Cross Section l View Hole Location

NAK25-72 was collared from the same location as NAK25-69 and drilled shallowly to the west, designed to test westward from the encouraging mineralization encountered previously in the steeper oriented NAK25-69. The hole collared into interbedded sandstone and siltstone, transitioning to conglomerate at a depth of 75 m. Conglomerate predominated to a depth of 350 m, succeeded by fine to coarse grained sandstone for the remainder of the hole. As with NAK25-69, mineralization was characterized by broad intervals of low grade disseminated chalcopyrite, punctuated by zones of vein hosted bornite and densely disseminated chalcopyrite mineralization commonly within and enveloping porphyry dykes of variable composition. Sulfide speciation within the disseminated mineralization transitions from chalcopyrite dominant to pyrite-pyrrhotite dominant, as the hole traverses farther to the west, with local zones of chalcopyrite dominant sporadically throughout.

NAK25-65 Assay Results (Table 5) and Details*

Hole	From	To	Length	Cu %	Au g/t	Ag g/t	Mo ppm	CuEq %
NAK25-65	211	339	128	0.18	0.05	0.8	23	0.26
Within
NAK25-65	7	575	568	0.09	0.03	0.6	20	0.15

View Cross Section l View Hole Location

NAK25-65 was collared approximately 120 m west-southwest of NAK25072/69, designed to test the southwestern limits of known South Zone mineralization. This hole encountered a similar association of interbedded coarse to fine sedimentary rocks, transitioning to conglomerate, and finally sandstone, as described above in NAK25-72 and 69. Similarly to NAK25-72, the best mineralization was strongly associated with narrow intervals of feldspar phyric porphyry dyking, intruding weakly mineralized sedimentary host rocks. Sulfide speciation within the sedimentary units transitions from chalcopyrite-pyrite to pyrite dominant as the hole traversed farther to the west, and consistent with drilling elsewhere at NAK, the hole was terminated when pyrite was observed to be the dominant disseminated sulfide.

Collar details for holes in this release (table 6):

Hole	UTM_Grid	UTM_East	UTM_North	Azimuth	Inclination	TD (m)
NAK25-55	NAD83_Z9	675620	6129124	280	-75	884
NAK25-62	NAD83_Z9	675575	6129266	265	-75	827
NAK25-65	NAD83_Z9	675191	6129109	265	-50	575
NAK25-69	NAD83_Z9	675297	6129153	255	-75	787
NAK25-72	NAD83_Z9	675297	6129153	255	-55	621

QA/QC and Sampling Protocol

Sampling at NAK follows a rigorous methodology and internal QA/QC protocol. Drill core is halved on site, and samples are submitted to ALS Geochemistry in Langley, British Columbia for preparation and analysis. ALS is accredited to the ISO/IEC 17025 standard for assays. All analytical methods include quality control standards inserted at set frequencies. The entire sample interval is crushed and homogenized, and 250 g of the homogenized sample is pulped. All samples were analyzed for gold, silver, copper, molybdenum and a suite of 45 other major and trace elements. Analysis for gold is by fire assay fusion followed by Inductively Coupled Plasma Atomic Emission Spectroscopy (ICP-AES) on 30 g of pulp. Analysis for silver, copper, and molybdenum and all other major and trace elements are analyzed by four-acid digestion followed by Inductively Coupled Plasma Mass Spectroscopy (ICP-MS).

Internal QA/QC protocols dictate that individual core samples are no less than 70 cm and no greater than 3 m in length. To control standard, blank, and duplicate sample frequency, and to better constrain pass/fail re-analysis intervals, samples are submitted to the lab in 50 sample batches. Within each 50-sample batch, there is one gold-copper standard and two coarse reject duplicates, inserted at regular intervals, and two blank samples, inserted sequentially following well-mineralized samples where possible, for a total of 10% QA/QC samples. All gold and copper standard analyses from the 2024 program passed within 3 standard deviations of expected values. Where duplicate values differed significantly, the lower values from the resulting re-analyses were used.

About American Eagle’s NAK Project

The NAK Project lies within the Babine copper-gold porphyry district of central British Columbia. It has excellent infrastructure through all-season roads and is close to the towns of Smithers, Houston, and Burns Lake, B.C., which lie along a major rail line and Provincial Highway 16. Historical drilling and geophysical, geological, and geochemical work at NAK, which began in the 1960’s, tested only to shallow depths. Still, the work revealed a very large near-surface copper-gold system that measures over 1.5 km x 1.5 km. Drilling completed by American Eagle in 2022, 2023, and 2024 returned significant intervals of high-grade copper-gold mineralization that reached beyond and much deeper than the historical drilling, indicating that zones of near-surface and deeper mineralization, locally with considerably higher grades, exist within the broader NAK property mineralizing system. Drilling is currently in progress, with over 16,500 metres drilled across 26 holes out of the planned 30,000-metre drill program. Three drills are actively operating, including one helicopter-supported hole, and expected to continue into December.

For the latest videos from American Eagle, Ore Group, and all things mining, subscribe to our YouTube Channel: youtube.com/@theoregroup

About American Eagle Gold Corp.

American Eagle is dedicated to advancing its NAK copper-gold porphyry project in west-central British Columbia, Canada. The Company benefits from over $36 million in cash, bolstered by two strategic investors formed in the past two years with Teck Resources and South32. With substantial financial and technical resources, American Eagle Gold is well-positioned to drill, de-risk, and define the full potential of the NAK Copper-Gold porphyry project.

Anthony Moreau, Chief Executive Officer

416.644.1567
amoreau@oregroup.ca
www.americaneaglegold.ca

Q.P. Statement

Mark Bradley, B.Sc., M.Sc., P.Geo., a Certified Professional Geologist and independent ‘qualified person’ for the purposes of Canada’s National Instrument 43-101 Standards of Disclosure for Mineral Properties, has verified and approved the information contained in this news release.

Forward-Looking Statements

Certain information in this press release may contain forward-looking statements. Forward-looking statements in this press release include, but are not limited to: including statements relating to the use of proceeds of the Offering, the tax treatment of the Charity FT Shares, the receipt of all necessary regulatory approvals in connection with the Offering, the 2025 drill program or its anticipated results at the Company’s NAK project, the ability of the Company to make the Qualifying Expenditures as anticipated by management, and other matters ancillary or incidental to the foregoing. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Therefore, actual results might differ materially from those suggested in forward-looking statements. American Eagle Gold Corp. assumes no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those reflected in the forward-looking statements unless and until required by securities laws applicable to American Eagle Gold Corp. Additional information identifying risks and uncertainties is contained in filings by American Eagle Gold Corp. with Canadian securities regulators, which filings are available under American Eagle Gold Corp. profile at www.sedarplus.ca.

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

Source

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African Discovery Group Announces Shareholder Approval of Butembo Merger Agreement

Combined Company, ‘Copper Intelligence’ to become the first stand-alone Democratic Republic of Congo (DRC) company to be publicly traded in the United States.

African Discovery Group (OTC:AFDG) (‘AFDG’ or the ‘Company’) announced today that shareholders have approved the Company’s pending merger with Butembo Copper Exploration license in the DRC to acquire 100% of the shares of SOCIETE GRABIN MINING SAS (the ‘Transaction’). Subject to the completion of the closing, the stock-based transaction will create a dedicated copper exploration company, with a focus on creating value around Africa and DRC specifically focused on under-explored basins of copper.

‘We are proud to have delivered this compelling opportunity for shareholders, and are confident in our ability as a combined company, to participate in a substantial buildout of copper on a global scale,’ said Alan Kessler, the outgoing Chairman and CEO of African Discovery Group. ‘According to Rio Tinto, African deposits make up eight out of the ten highest grade copper deposits discovered since 1990 globally. DRC’s copper production itself is among the largest in the world, with the DRC itself concentrating 65% of newly announced copper reserves identified worldwide, according to S&P Global Market Intelligence. Because of the resolution of numerous geopolitical differences precluding this development previously in the DRC, the Trump administration has paved the way for this commercialization process.’

He added, ‘We are confident the copper demand environment between grid modernization, data usage, electronic vehicles, and telecommunications, rural electrification of India, Artificial Intelligence infrastructure, next generation defense systems to name a few, will continue to put broad demand-based pressure on global supply. A favorable environment for the commodity has additionally been augmented by the strategic mineral designation of Copper by the US government, as well as recent mega mergers of Copper producers. Under the leadership of Andrew Groves and Aldo Cesano, who have spent their careers developing mining projects in the DRC and the region, we look forward to their buildout of this pioneering African company.’

The transaction is expected to close imminently, subject to the satisfaction or waiver of customary closing conditions. When completed, the Merger will result in the combined company becoming the first stand-alone DRC company to be publicly traded in the United States.

EAS Advisors LLC have acted as the corporate advisor for the Company on the Transaction.

Click here to continue reading.

Media Contact:
www.copperintelligence.com
Maxine Gordon
mg@africandiscoverygroup.com
(917) 478-0406

View original content:https://www.prnewswire.com/news-releases/african-discovery-group-announces-shareholder-approval-of-butembo-merger-agreement-302662498.html

SOURCE African Discovery Group

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S&P Global: Fragmented Climate and Energy Strategies Will Define 2026

Global sustainability strategies are entering a more politically complex phase in 2026 as governments and companies balance immediate economic pressures against long-term climate risks, according to S&P Global’s latest outlook on sustainability trends.

S&P Global said sustainability decision-making in 2026 will be shaped by a growing tension between near-term priorities (energy security, affordability, geopolitical risk) and longer-term realities (climate adaptation, decarbonization, resource constraints).

The result is a world moving away from multilateral coordination toward a patchwork of national and regional responses.

Regulatory fatigue reshapes supply chains, critical minerals take center stage

Trade tensions, protectionist policies, and political fatigue around sustainability regulation are pushing climate and human rights risks in supply chains out of the spotlight.

S&P Global notes that as regulatory momentum slows in some jurisdictions, companies may increasingly need to treat climate exposure as a core risk management issue rather than a compliance exercise.

The European Union (EU) remains a key exception, though its policy direction is evolving. While the bloc has introduced far-reaching disclosure and due diligence rules, it is also simplifying parts of its regulatory framework.

Meanwhile, the EU’s carbon border adjustment mechanism (CBAM), which took full effect on January 1, is expected to add at least US$15 billion in costs to imports from carbon-intensive producers, potentially reshaping global trade flows.

Furthermore, the firm said critical minerals will sit at the center of these dynamics in 2026.

Materials such as copper, lithium, and rare earths underpin electrification, clean energy deployment, and AI infrastructure, making access to them a central feature of trade diplomacy and investment.

China is expected to retain its lead in cleantech manufacturing, reinforcing its role as both a key supplier and a strategic risk for countries pursuing energy transitions.

Energy policy diverges as fossil fuels rebound, renewables expand

Another aspect of fragmentation is most visible in energy policy, where global fossil fuel demand rebounded faster than many policymakers expected after the pandemic and is projected to continue growing modestly.

In contrast, renewable energy remains the fastest-growing segment, though from a smaller base. S&P Global Energy estimates that fossil fuel demand will rise by less than 1 percent in 2026 compared with 2025, while solar and wind generation are expected to grow by more than 17 percent.

Similarly, the divergence between the world’s two largest economies is particularly stark. The US has prioritized expanding fossil fuel exports, while China continues to invest heavily across clean energy supply chains such as solar manufacturing and electric vehicles.

The report said that this same divergence leaves many countries navigating trade-offs between supply security and dependence. China continues to maintain a dominant position in clean energy technologies and has demonstrated its willingness to use export controls on strategic materials such as rare earths.

Despite continued growth in renewables, S&P Global expects 2026 to mark the first year-over-year decline in global solar capacity additions, driven largely by a slowdown in China. While overall renewable capacity will still expand, analysts said the period of uninterrupted growth is ending.

At the same time, increasing renewable penetration is pushing wholesale power prices lower in some markets while accelerating demand for battery storage and more flexible power purchase agreements.

AI adds new strain to power systems

Artificial intelligence is adding further strain to energy systems. The rapid expansion of AI-driven data centers is driving electricity demand sharply higher, complicating sustainability targets for both governments and corporations.

S&P Global estimates that data center power consumption could exceed 2,200 terawatt-hours by 2030, roughly equivalent to India’s current electricity use. Grid constraints, rising power prices in some regions, and growing water stress are emerging as political and social flashpoints, particularly in parts of the US.

While major technology companies have made high-profile net-zero commitments, the report’s data shows that sustainability ambition across the data center sector remains uneven.

According to the firm’s 2024 Corporate Sustainability Assessment, 38 percent of assessed companies with data center operations do not have a net-zero target.

Analysts warned that rising AI-related energy demand may lead to increased fossil fuel use in the near term, with some regions delaying planned coal and gas plant retirements to maintain grid reliability.

Climate adaptation gains priority

The implications of rapid energy shifts also mean that climate adaptation and resilience are gaining prominence.

S&P Global said governments and investors increasingly recognize that the world is likely to overshoot the Paris Agreement’s 1.5-degree Celsius warming goal, making adaptation unavoidable.

Global economic losses from natural disasters reached US$320 billion in 2024, according to Munich Re, while United Nations (UN) data suggests the number of natural disasters could rise by 40 percent by 2030 without stronger mitigation.

Therefore, investment in adaptation is emerging as a major opportunity as well as a necessity. Singapore sovereign wealth fund GIC, for instance, estimates that adaptation and resilience investments could total US$9 trillion by 2050. That theme featured prominently at Climate Week NYC in 2025 and at COP30, where governments agreed to triple public adaptation finance by 2035 from 2025 levels.

Taken altogether, S&P Global’s outlook points to a sustainability landscape that is less coordinated but no less consequential.

While global consensus is weakening, pressures from various sectors are forcing governments and companies to make increasingly difficult trade-offs as they chart their paths through 2026.

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

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Syntholene Energy: High-performance, Carbon-negative, Low-cost – the promise of Syntholene eFuel

Syntholene Energy (TSXV:ESAF,FSE:3DD0) is a next-generation clean energy company developing high-performance, carbon-negative synthetic liquid fuels, with aviation as its initial target market. The company is commercializing its proprietary Hybrid Thermal Production System, a breakthrough technology designed to enable low-cost, large-scale production of ultrapure synthetic jet fuel (eSAF).

Syntholene targets production costs up to 70 percent lower than the nearest competing technologies, positioning its fuel to be cost-competitive with — and ultimately cheaper than — conventional fossil fuels. With a mission to deliver the world’s first truly high-performance, low-cost, and carbon-neutral eFuel at industrial scale, Syntholene aims to unlock a new era of affordable, sustainable aviation and clean energy solutions

Syntholene is progressing its Hybrid Thermal Production System from laboratory-scale validation toward a real-world demonstration facility in Iceland, leveraging abundant geothermal resources and long-term expansion potential.

Company Highlights

Proprietary Production Technology – Synthetic fuel (eFuel) produced through a fully integrated, proprietary pathway designed for superior performance and materially lower cost than conventional power-to-liquid methods
Low-Cost, High-Performance Fuel – Engineered to deliver high energy efficiency while significantly reducing production costs
Sustainable Feedstocks – Manufactured using renewable electricity, green hydrogen, and captured carbon
Ultra-Low Emissions – Delivers up to 90 percent lower lifecycle emissions compared to conventional jet fuel
Drop-In Compatibility – Fully compatible with existing aircraft engines and global fueling infrastructure
Scalable Clean Energy Solution – Designed for industrial-scale deployment to accelerate the transition to sustainable aviation fuel

This Syntholene Energy profile is part of a paid investor education campaign.*

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