John Rubino, who writes a newsletter on Substack, shares his thoughts on silver’s impressive 2025 price rise, saying he thinks the metal could hit US$100 per ounce next year.
‘This is real, it’s long overdue and it’s nowhere near done yet,’ he said
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
Group Eleven Resources Corp. (TSXV: ZNG,OTC:GRLVF) (OTCQB: GRLVF) (FSE: 3GE) (‘Group Eleven’ or the ‘Company’) announces that it has granted 2,600,000 incentive stock options to directors, officers and employees pursuant to the terms of the Company’s Stock Option Plan. These options vest over a period of two years from the date of grant, have an exercise price of $0.63 per share and will expire five years from the date of grant.
The Company also announces that pursuant to its Deferred Share Unit (‘DSU‘) Plan, it has granted 95,238 DSUs for services rendered in 2024 to independent directors of the Company. Each DSU entitles the holder, when settled, to receive one common share (or, as otherwise determined by the board of directors, a cash amount equal to the value of one common share). All currency in this news release is denominated in Canadian dollars.
About Group Eleven Resources
Group Eleven Resources Corp. (TSXV: ZNG,OTC:GRLVF) (OTCQB: GRLVF) and (FSE: 3GE) is focussed on its recent Ballywire zinc, lead, silver, copper and germanium discovery in the Republic of Ireland. Ballywire is located 20km from Company’s 77.64%-owned Stonepark zinc-lead project, which itself is located adjacent to Glencore’s Pallas Green zinc-lead project. The Company’s two largest shareholders are Michael Gentile (13.8% interest) and Glencore Canada Corp. (13.7%). Additional information about the Company is available at www.groupelevenresources.com.
ON BEHALF OF THE BOARD OF DIRECTORS
Bart Jaworski, P.Geo.
Chief Executive Officer
E: b.jaworski@groupelevenresources.com | T: +353-85-833-2463
E: j.lau@groupelevenresources.com | T: 604-781-4915
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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/278454
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The changes include new options for developers to distribute apps and process payments, and new protections to help reduce privacy and security risks the MSCA creates
Apple® today announced changes impacting iOS apps in Japan to comply with the Mobile Software Competition Act (MSCA). These updates create new options for developers to distribute apps on alternative app marketplaces and to process app payments for digital goods and services outside of Apple In-App Purchase. Across these changes, Apple has worked to reduce new privacy and security risks the law creates to provide users in Japan the best and safest experience possible.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251217568962/en/
The MSCA’s requirements for alternative app marketplaces and app payments open new avenues for malware, fraud and scams, and privacy and security risks. Apple has worked with Japanese regulators to introduce protections from new threats — including important safeguards for younger users. These protections include Notarization for iOS apps, an authorization process for app marketplaces, and requirements that help protect children from inappropriate content and scams.
While these safeguards do not eliminate the new risks, they are essential to Apple’s work to ensure iOS remains the best, most secure mobile platform available in Japan. Apple will continue to engage with regulators on strengthening protections for iOS users.
Developers can learn about the new capabilities on the Apple Developer Support page and can integrate them into their apps beginning today as part of the iOS 26.2 release.
New Options for Developers to Distribute Apps on iOS in Japan
The App Store® — where every app is reviewed to meet the App Store’s high bar for privacy and security — remains the best place for iOS users in Japan to discover and download the apps they love. This includes App Store features that protect users against fraud and scams and empower parents to ensure their kids have age-appropriate experiences.
With the MSCA’s new requirements, developers will also have the option to distribute iOS apps in Japan using alternative app marketplaces other than the App Store. Alternative app marketplaces will have to be authorized by Apple and will need to meet ongoing requirements to serve developers and users. However, apps downloaded outside the App Store will not benefit from the same protections Apple provides through App Review, introducing new risks for apps that contain scams, fraud, and abuse, or that expose users to illicit, objectionable, or harmful content not allowed on the App Store.
To reduce some of these new risks, Apple will conduct a baseline review — called Notarization — that applies to all iOS apps and focuses on basic functionality and protecting users from serious threats. This Notarization process involves a combination of automated checks and human review, and helps ensure apps function as promised and are free of known malware, viruses, or other security threats. However, Notarization is less comprehensive than the App Review process that applies to all apps on the App Store.
Developers can learn more about operating or distributing from alternative app marketplaces on the new Apple Developer Support page .
New Options for Payments in App Store Apps on iOS
On the App Store, users in Japan can continue to use Apple In-App Purchase to buy digital goods and services, manage subscriptions, request refunds, and view their payment history.
To comply with the MSCA, Apple is sharing tools that enable developers to offer more ways for users to purchase digital goods and services in apps on the App Store. For their iOS apps distributed on the App Store in Japan, developers will be able to include an alternative payment processing method in their app and/or link users to a website to complete a transaction.
These alternative payment options will always be presented alongside Apple In-App Purchase, so that users in Japan are clear on when they are transacting through Apple. When users choose to pay with Apple In-App Purchase, they’ll continue to receive familiar protections and tools like refund support, subscription management, and Report a Problem. App Store users’ purchase history and subscription management will only reflect transactions made using Apple In-App Purchase.
For apps that use alternative payment processing or link users to the web for transactions, Apple will not be able to issue refunds and will have less ability to support customers encountering issues, scams, or fraud. Users may need to share their payment information with additional parties, which can introduce new privacy and security risks.
Updated Business Terms for iOS Apps in Japan
To reflect these options for app distribution and payment processing, Apple is also sharing updated business terms for developers’ iOS apps in Japan. These business terms reflect the many ways Apple creates value for developers’ apps, whether or not they use the App Store and/or Apple In-App Purchase.
Under the business terms for iOS apps in Japan, Apple will continue to only charge a commission on the sale of digital goods and services. The new terms include:
Under these new business terms, developers that sell digital goods and services in Japan will pay Apple the same or less than they do today. Developers that do not sell digital goods and services will continue not to pay Apple any commissions or fees.
Impacts to Kids’ Online Safety
Apple created the App Store to be a safe place for kids, where parents are empowered to ensure their children have age-appropriate experiences and have the tools they need to keep their children safe online. That’s why Apple has created industry-leading features like age ratings, Content & Privacy Restrictions, content filters, Ask to Buy, and powerful controls that help parents choose how children use their devices.
With the changes introduced under the MSCA, the new options for alternative distribution and payment methods may expose children to new risks. For instance, apps downloaded from outside the App Store may include illicit and objectionable content, and they will not undergo the same rigorous review process Apple employs to evaluate apps made for children on the App Store. For instance, similar regulatory changes in Europe have enabled types of apps that were previously unavailable on iOS, including pornography apps.
In an effort to reduce new risks of fraud or scams targeting children, Apple has worked with regulators in Japan to preserve some guardrails, including:
Developers must also continue to provide age ratings for their apps, whether their app is distributed on the App Store or an alternative app marketplace.
Apple will continue innovating to meet the evolving risks to kids’ safety online by building on the powerful tools and features it makes available today — like Child Accounts, web content filters, app restrictions, monitoring tools like Screen Time and Family Sharing, Communication Safety, and Communication Limits, which help parents shape who their children communicate with and shield them from inappropriate content.
Additional Updates to iOS
Alongside the new app distribution and payment options, Apple has introduced additional controls and choices for users in Japan with the release of iOS 26.2. These include:
Across these controls, users can review and adjust their choices at any time in Settings.
For developers, Apple is sharing tools in addition to the new options for alternative distribution and app payments, including:
Apple is providing detailed resources to help developers understand the options now available for their apps in Japan, which they can access from the Apple Developer Support page .
Apple revolutionized personal technology with the introduction of the Macintosh in 1984. Today, Apple leads the world in innovation with iPhone, iPad, Mac, AirPods, Apple Watch, and Apple Vision Pro. Apple’s six software platforms — iOS, iPadOS, macOS, watchOS, visionOS, and tvOS — provide seamless experiences across all Apple devices and empower people with breakthrough services including the App Store, Apple Music, Apple Pay, iCloud, and Apple TV. Apple’s more than 150,000 employees are dedicated to making the best products on earth and to leaving the world better than we found it.
NOTE TO EDITORS: For additional information visit Apple Newsroom ( www.apple.com/newsroom ), or email Apple’s Media Helpline at media.help@apple.com .
© 2025 Apple Inc. All rights reserved. Apple, the Apple logo, App Store and iPhone are trademarks of Apple. Other company and product names may be trademarks of their respective owners.
View source version on businesswire.com: https://www.businesswire.com/news/home/20251217568962/en/
Press Contacts:
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Apple
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Apple Media Helpline
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Basin Energy (BSN:AU) has announced Completes phase one drilling and expands Sybella-Barkly
Download the PDF here.
American Uranium Limited (ASX:AMU, OTC:AMUIF) (American Uranium, AMU or the Company) is pleased to advise that 2025 resource expansion drilling at its Lo Herma ISR uranium project in Wyoming’s Powder River Basin (Lo Herma, the Project) has been completed according to plan with the drilling of 50 mud rotary holes for 53,460 feet (~16,300 metres).
The resource expansion drilling and recently completed pump testing program2 represent significant steps in the efforts to expand and upgrade the resource and validate aquifer transmissivity to support Lo Herma’s progression towards ISR mine development.
Highlights
Speaking about the drill results, American Uranium’s CEO and Executive Director Mr Bruce Lane commented: “We are delighted that this resource expansion drilling has delivered strong grades with generous thicknesses in multiple stacked sands of both the Wasatch and the Fort Union formations. We remain very optimistic that the results of this expansion drilling campaign at Lo Herma can be brought into additional resource pounds. This year’s drilling has successfully demonstrated that the host sandstone units contain reliable continuity of mineralisation across extended trends for 3km (10,000ft) to the north of the current proposed mine units. With resource expansion drilling now completed for 2025, we look forward to the full geological evaluation of these results in early 2026 ahead of the next phase of drilling. Petrotek’s hydrogeological testing report is expected shortly which, along with the latest drilling data, will help guide the next steps of project development.
“AMU continues to both grow and de-risk the Project as we progress toward an update of the Lo Herma Scoping Study in 2026.”
Click here for the full ASX Release
InMed Pharmaceuticals Inc. (NASDAQ: INM) (‘InMed’ or the ‘Company’), a pharmaceutical company focused on developing a pipeline of proprietary small molecule drug candidates for diseases with high unmet medical needs, today confirmed that, at its annual general and special meeting of shareholders held on December 17, 2025 (the ‘Meeting’), the matters put forward before shareholders for consideration and approval as set out in InMed’s notice of meeting and management information circular, dated November 3, 2025, were voted upon by the shareholders. A total of 993,491 common shares of the Company, representing approximately 35.43% of the Company’s 2,804,186 issued and outstanding common shares, were represented in person or by proxy at the Meeting.
Results of the vote for the election of the board of directors (the ‘Board‘) at the Meeting are set out as follows:
| Director | Votes For | Withheld Votes | ||
| Number | Percentage | Number | Percentage | |
| Eric A. Adams | 125,352 | 82.03% | 27,469 | 17.98% |
| Andrew Hull | 125,315 | 82.00% | 27,506 | 18.00% |
| Nicole Lemerond | 125,485 | 82.11% | 27,336 | 17.89% |
| Neil Klompas | 125,444 | 82.09% | 27,377 | 17.91% |
| John Bathery | 125,227 | 81.94% | 27,594 | 18.06% |
In addition, shareholders voted to approve CBIZ CPAs P.C. as the Company’s auditors for the following year.
Shareholders also voted to approve the potential issuance of 20% or more of the Company’s common shares issued and outstanding as of December 13, 2024, pursuant to the Standby Equity Purchase Agreement with YA II PN, Ltd., as amended on June 13, 2025, pursuant to Nasdaq Listing Rules 5635(d) and 5635(b) (the ‘SEPA‘).
InMed filed a report of voting results on SEDAR+ at www.sedarplus.ca on December 17, 2025.
About InMed:
InMed Pharmaceuticals is a pharmaceutical company focused on developing a pipeline of proprietary small molecule drug candidates targeting the CB1/CB2 receptors. InMed’s pipeline consists of three separate programs in the treatment of Alzheimer’s, ocular and dermatological indications. For more information, visit www.inmedpharma.com.
Investor Contact:
Colin Clancy
Vice President, Investor Relations
and Corporate Communications
T: +1 604 416 0999
E: ir@inmedpharma.com
Cautionary Note Regarding Forward-Looking Information:
This news release, and oral statements by the Company and its executive officers and directors, contain ‘forward-looking information’ and ‘forward-looking statements’ (collectively, ‘forward-looking information’) within the meaning of applicable securities laws. Forward-looking statements are frequently, but not always, identified by words such as ‘expects’, ‘anticipates’, ‘believes’, ‘intends’, ‘potential’, ‘possible’, ‘would’ and similar expressions. Such statements, based as they are on current expectations of management, inherently involve numerous risks, uncertainties and assumptions, known and unknown, many of which are beyond our control. Forward-looking information is based on management’s current expectations and beliefs and is subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Without limiting the foregoing, forward-looking information includes, but is not limited to, statements about H.R. 5371, the ‘Continuing Appropriations, Agriculture, Legislative Branch, Military Construction and Veterans Affairs, and Extensions Act, 2026’ (the ‘Act‘), the impact of the Act on BayMedica Inc., any potential modifications to the Act and/or the timing thereof and the alternative options available to BayMedica and the Company, statements about developing a pipeline of proprietary small molecule drug candidates for diseases with high unmet medical needs, and statements about the potential issuance of common shares pursuant to the SEPA.
Additionally, there are known and unknown risk factors which could cause InMed’s actual results, performance, or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. A complete discussion of the risks and uncertainties facing InMed’s business is disclosed in InMed’s Annual Report on Form 10-K, and its Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and any other documents filed or furnished with the Securities and Exchange Commission available on www.sec.gov.
All forward-looking information herein is qualified in its entirety by this cautionary statement, and InMed disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/278446
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After a year marked by policy changes and trade uncertainty, experts are calling for cleantech investment to be dominated by artificial intelligence (AI) energy demand in the first quarter of 2026.
The COP30 conference, held in Belém, Brazil, this past November, was marked by cautious optimism and a bias toward action, despite global sustainability commitments seeming to slow.
The shift to net zero is recognized as a complex, regional effort — fossil-rich economies must prioritize carbon capture and lower-emitting fuels like hydrogen and geothermal, while others focus on renewables.
In the US, renewables will maintain momentum in the face of grid overcapacity, with targeted government funding for nuclear and fusion; however, policy headwinds may persist for areas like wind, solar and electric vehicles (EVs).
The energy investment landscape is being fundamentally reshaped by AI energy demand, with Bain & Co. projecting that data centers will consume 9 percent of US electricity by 2030.
Analysts are eyeing this trend, with CFRA Research placing “buy” ratings on many companies held in utilities exchange-traded funds. It notes that some benefit from power agreements for AI-linked data centers.
The American Clean Power Association projects that 2025 will set a full-year record for combined clean energy deployments, despite US policy headwinds that sparked concerns about a sector contraction at the start of the year. Solar and storage capacity made up around 85 percent of new power capacity added to the US electricity grid from January to September 2025, according to a report from the Solar Energy Industries Association and Wood Mackenzie.
A separate analysis by energy think tank Ember reveals that global solar and wind power generation surpassed electricity demand in the first half of this year, generating more power than coal for the first time.
The report also show solar generation grew by a record 31 percent in H1, and wind by 7.7 percent.
The US Energy Information Administration now forecasts that renewables will climb to about 27 percent of US energy generation by 2026, up from 23 percent in 2024.
Meanwhile, startups are racing to make infrastructure smarter and faster to build with the help of AI.
Emerald AI, which uses smart software to manage a cleaner, more flexible grid and ease data center strain, announced its first commercial deployment alongside US$18 million in new seed funding, while Infravision, a company that uses drones to string transmission lines more efficiently, raised US$91 million in a Series B round to scale globally.
AI is also accelerating cleantech breakthroughs, as highlighted by the CleanAI Initiative’s report on AI’s growing role in climate solutions. It shows energy and power technologies garnered more than half of total clean AI investments.
The sector is seen as a critical, multi-layered investment opportunity tied to sustainability and technology leadership in multitrillion-dollar markets; however, key challenges to its growth include the high energy consumption of AI technologies themselves and a lack of combined expertise in both AI and climate science.
Billions in private investment have helped sustain the cleantech sector.
Experts Jason Bordoff and Jack Andreasen Cavanaugh argue that corporate funding will help boost energy transition, citing power purchase agreements and other financial commitments by Big Tech companies such as Alphabet (NASDAQ:GOOGL), Meta Platforms (NASDAQ:META), Microsoft (NASDAQ:MSFT) and Amazon (NASDAQ:AMZN).
NextEra Energy’s (NYSE:NEE) landmark Q4 deals with Alphabet and Meta to power their AI data centers are prime examples of this trend. The Florida-based company will supply clean energy capacity through 11 power purchase and two energy storage deals, with projects expected to become operational between 2026 and 2028. NextEra is also collaborating with Google Cloud to develop three US data center campuses.
However, this transformative period carries significant risks: if the AI boom proves to be a bubble that bursts, energy investment could swiftly vanish, leading to billions in stranded assets.
As China solidifies its dominance in clean energy manufacturing, the question remains whether the US administration’s efforts to expand nuclear and geothermal power can successfully challenge China’s current leadership, as Beijing also accelerates its own nuclear buildout and eyes global reactor exports.
Nuclear and geothermal are gaining traction as promising solutions for AI and data center reliability in 2026, attracting enterprise and policy support as other clean energy initiatives and incentives are pulled back.
The Department of Energy formally released its Fusion Science and Technology Roadmap in Q4, outlining a strategy to accelerate commercial fusion by the mid-2030s. Separately, the department announced it will award up to US$800 million in cost-shared funding to advance small modular reactor projects.
Startups are accelerating too, with Antares raising US$96 million for mid-2026 microreactor tests, while Radiant Nuclear is planning a US$280 million factory in Tennessee targeting 2028 deliveries. Under the leadership of CEO Bob Mumgaard, Commonwealth Fusion Systems is transitioning fusion energy from the realm of research to practical power generation. The company is currently building sites for its commercial fusion plants and is utilizing a partnership with Google DeepMind, focused on AI, to speed up the development of its fusion technology.
Geothermal is scaling, too, with some investors turning their attention to even more ambitious high-temperature projects. Mazama Energy, a startup backed by billionaire businessman Vinod Khosla, is developing a geothermal project at Newberry, one of the largest and most active volcanoes. If successful, this could be a top global geothermal site, supplying electricity to local homes and businesses starting next year.
Endeavors like these are viewed by enthusiasts as a potential catalyst for a new era of geothermal power.
“Geothermal has been mostly inconsequential,” Khosla told the Washington Post.
“To do consequential geothermal that matters at the scale of tens or hundreds of gigawatts for the country, and many times that globally, you really need to solve these high temperatures.”
Another notable example is Zanskar Geothermal and Minerals, which precisely located a deep geothermal reservoir using AI, effectively lowering the exploration and drilling costs of its Big Blind geothermal system. The company is seeking permits to develop Big Blind, aiming to supply power by the end of the decade.
Looking ahead, robotaxis are gaining traction in the EV market, with growing fleets operating in multiple cities.
Alphabet’s Waymo is the most aggressive company in this space, currently offering driverless rides in five cities with plans to expand in 2026. Other key players are actively engaged in various testing stages.
Both Uber Technologies (NYSE:UBER) and Lyft (NASDAQ:LYFT) are incorporating Waymo and other robotaxi services into their platforms, and Uber is adding robotaxis to its platform in Dallas, Texas, through a partnership with Avride, using autonomous Hyundai (KRX:005380,OTC Pink:HYMTF) Ioniq 5s that will initially include a safety operator.
Amazon’s self-driving robotaxi subsidiary, Zoox, expects to start charging passengers for rides in Las Vegas in early 2026, with paid rides in the San Francisco Bay Area coming later next year; however, the move depends on obtaining federal regulatory and state approvals. Tesla (NASDAQ:TSLA), led by CEO Elon Musk, is operating smaller, monitored robotaxi fleets in Austin and San Francisco, with Phoenix anticipated to be the next market for a major expansion.
Meanwhile, self-driving truck startup Waabi, a Canadian company with backing from Uber and NVIDIA (NASDAQ:NVDA), launched its new autonomous truck developed with Volvo (STO:VOLV-A,OTC Pink:VLVCY).
As the cleantech market navigates this transformative period, its long-term success will hinge on strategic investments that successfully balance immense AI energy demands with the imperative of avoiding a stranded-asset bubble.
Sector participants will also need to track country-level developments. In the US, Senator Ruben Gallego’s (D-Ariz.) energy plan prioritizes affordability over climate primacy, calling for reinstated clean tax credits, small modular reactor R&D funding, transmission exemptions and zero-carbon sources alongside oil/gas with clean timelines.
Meanwhile, Canada’s 2025 budget includes a C$2 billion cleantech fund, and the EU’s Carbon Border Adjustment Mechanism pressures imports, favoring compliant North American projects that blend reliability with decarbonization.
Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.
IRIS Metals Limited (ASX: IR1, “IRIS” or “the Company”) is pleased to announce it has executed a binding Heads of Agreement (HOA) with Finley Mining Inc for the exclusive right to farm-in to the Finley Basin Tungsten Project (Tungsten Project) located in Granite County, Montana, USA. This strategic farm-in opportunity further expands IRIS’ exposure to critical minerals beyond lithium, positioning the Company in a key tungsten district with historical production potential and untapped high-grade tungsten potential in a jurisdiction primed for revival under U.S. critical minerals policies.
HIGHLIGHTS
‘This binding agreement marks an exciting step for IRIS as we grow and diversify our critical minerals portfolio into tungsten, a vital component for the defense and technology industries. The Finley Basin Project offers significant upside with its prospective geology and location in a mining-friendly jurisdiction. Combined with our existing South Dakota portfolio, this positions IRIS to capitalise on significantly growing demand for US-sourced critical minerals.’
Montana Portfolio Expansion and Development
IRIS is actively evaluating additional critical mineral opportunities to complement its core South Dakota holdings. This farm-in to the Finley Basin Tungsten Project diversifies IRIS’ assets into tungsten, a critical mineral essential for military energetics, alloys, electronics, and renewable energy technologies, with U.S. demand surging amid defense initiatives and clean energy goals, yet vulnerable to geopolitical supply disruptions.
The expansion of IRIS’ mineral portfolio to tungsten was measured in approach with a number of projects reviewed and compared. The Company selected the Finley Basin Project due to its high-grade characteristics when compared other tungsten occurrences in the US2, historical exploration results, favourable jurisdiction, potential for expansion of known mineralisation, local milling capabilities, and reasonable proximity to the Company’s South Dakota operations.
IRIS’ primary focus remains on advancing its South Dakota lithium and rubidium projects toward near- term development under its “Hub & Spoke” strategy, which emphasises centralized processing across multiple sites.
Recent expansions, including the September 2025 acquisition of the Ingersoll Project from Rapid Critical Metals have significantly grown IRIS’ Black Hills footprint and private land holdings. IRIS is rapidly expanding mineral resources and progressing studies to support a multi-mine production model, with economic analysis targeted for 2026.
This strategic diversification importantly aligns with broader U.S. incentives for domestically sourced critical minerals and supports resilient supply chains under frameworks such as the Australia-U.S. Climate, Critical Minerals and Clean Energy Transformation Compact.
Click here for the full ASX Release
Forge Resources Corp. (CSE: FRG) (OTCQB: FRGGF) (FSE: 5YZ) (‘FRG’ or the ‘Company’), is pleased to announce full gold assay results from drill hole ALT-25-012 at the Payoff Zone intersecting 3.4 g/t gold over 44.75 metres from 256.23 metres and discovery results from hole ALT-25-013 at the Alimony Zone grading at 1.04 g/t gold over 55.52 metres from 91.99 metres, at its Alotta Project in Yukon (Figure 1).
Highlights:
PJ Murphy, CEO of Forge Resources, states: ‘We are continually impressed by results from the Payoff Zone, which is successfully developing in size and grade with every drill hole. Additionally, we are thrilled to announce the discovery drill results from the Alimony Zone that demonstrates the large-scale fertility of the mineralizing system at Alotta. We are eagerly awaiting the remaining 2025 drill results, from the Commission Zone, which will provide critical data for helping guide future exploration. We are looking forward to the 2026 field season to continue exploring the potential on the property and further advancing our exciting pipeline of targets on the property.’
Figure 1. Overview Map of Diamond Drill Holes.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8680/278191_00f0013144f59af0_001full.jpg
Diamond Drilling:
A total of 1262.75 m of drilling in 4 drill holes were completed by the Company during the Phase 2 drill program in 2025. Drill hole location data for results reported in this news release are listed in Table 1.
Table 1: Diamond Drill Hole Data
| Hole ID | Easting (m) | Northing (m) | Elevation (m) | Azimuth | Dip | Length (m) |
| ALT-25-012 | 623260 | 6915966 | 1078 | 135 | -60 | 339.75 |
| ALT-25-013 | 623019 | 6916490 | 1031 | 235 | -50 | 312 |
Assay highlights of diamond drill holes pertaining to this News Release are found in Table 2 and 3.
Table 2: Payoff Zone Highlight Assay Results
| Payoff Zone | ||||||
| ALT-25-012 | This News Release | |||||
| From (m) |
To (m) |
Interval (m)* |
Au (g/t) |
Ag (g/t) |
Cu (%) |
|
| 54.45 | 65.31 | 10.86 | 0.35 | 0.54 | 0.02 | |
| 176.00 | 185.00 | 9.00 | 0.41 | 0.25 | 0.01 | |
| 223.00 | 301.00 | 76.93 | 2.03 | 1.43 | 0.02 | |
| including | 256.23 | 301.00 | 44.75 | 3.40 | 2.22 | 0.024 |
| including | 284.93 | 293.10 | 8.16 | 17.71 | 9.31 | 0.07 |
| including | 286.00 | 289.15 | 3.15 | 45.01 | 17.31 | 0.13 |
| including | 286.00 | 287.15 | 1.15 | 8.85 | 24.50 | 0.08 |
| including | 287.15 | 288.40 | 1.25 | 105 | 20.80 | 0.24 |
| 327.94 | 339.00 | 11.06 | 0.34 | 0.59 | 0.02 |
*All intervals are drilled core lengths. Additional drilling is required to establish true widths.
Table 3: Alimony Zone Highlight Assay Results
| Alimony Zone | ||||||
| ALT-25-013 | This News Release | |||||
| From (m) |
To (m) |
Interval (m)* |
Au (g/t) |
Ag (g/t) |
Cu (%) |
|
| 35.29 | 147.52 | 112.21 | 0.66 | 0.61 | 0.01 | |
| including | 74.20 | 147.52 | 73.31 | 0.82 | 0.56 | 0.01 |
| including | 91.99 | 147.52 | 55.52 | 1.04 | 0.6 | 0.01 |
| including | 109.56 | 145.60 | 36.04 | 1.41 | 0.55 | 0.01 |
| including | 144 | 145.6 | 1.6 | 25.8 | 3.14 | 0.01 |
| 282.49 | 311.14 | 28.65 | 0.254 | 0.84 | 0.01 |
*All intervals are drilled core lengths. Additional drilling is required to establish true widths.
Payoff Zone
Hole ALT-25-012 drilled through granodiorite and porphyritic rocks and intersected widespread, near-surface alteration, veining, and sulphide mineralization. Alteration includes pervasive secondary biotite that is overprinted by intense silicification, and widespread chlorite and sericite alteration, which are more intense around areas of concentrated veining (Photo 1). Quartz vein-hosted pyrite, molybdenite, chalcopyrite, and pyrrhotite were commonly observed in quartz veins, with the strongest concentrations of veining and mineralization found in the top and bottom 100 metres of the drill hole (Photo 2).
Photo 1. Quartz-pyrite veins with strong chlorite-sericite alteration halos (Alt-25-012, 186 m depth).
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Photo 2. Quartz vein with centreline of pyrite (right) in porphyritic rocks hosting disseminated pyrite and pyrrhotite (ALT-25-012, 55 m depth)
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At 287.32 m down hole, below the most intense widespread alteration and mineralization, drilling intersected a low angle (10-30° to core axis) irregular quartz vein, approximately 10 cm wide, hosting visible gold and bismuthinite, along with disseminated to semi-massive pyrrhotite, pyrite, chalcopyrite, arsenopyrite, molybdenite, and sphalerite (Photos 3 and 4). Core sampling of the quartz vein and surround rock returned 1.25 m grading 105 g/t Au. Immediately preceding this sample, a second cm-scale quartz vein hosting visible gold in altered and veined granodiorite returned 1.15 m grading 8.85 g/t Au. In the footwall of the coarse gold-bearing veins, narrow sulphide stringers developed within granodiorite returned 0.47 g/t Au over a core length of 0.75 m.
Photo 3. ~10 cm wide irregular quartz vein cutting granodiorite hosting coarse native gold, bismuthinite, pyrrhotite, pyrite, chalcopyrite, arsenopyrite, molybdenite and sphalerite (ALT-25-012).
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Photo 4. Photos of coarse visible gold and bismuthinite from a ~10 cm wide vein in drill hole ALT-25-012 (Photo 3 – 287.32 – 288.24 m).
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Alimony Zone
Hole ALT-25-013, collared 800 m northwest of the Payoff Zone and 575 m northwest of drill hole ALT-25-012, was the first hole drilled into the Alimony Zone, a target defined by a tightly constrained 400 by 600 metre molybdenum-gold soil anomaly.
The hole drilled entirely through granodiorite, and intersected widespread, discrete, quartz and carbonate veins with associated sulphide mineralization throughout the top of the hole, and narrow polymetallic quartz veins. Overall, alteration and veining in this hole is less abundant than observed at the Payoff Zone; however, broad intervals of gold mineralization were intersected in the upper 150 m of the drill hole associated with discrete quartz veining, in addition to higher-grade polymetallic quartz veins (Photo 5 and 6).
Photo 5. Banded quartz vein with disseminated and banded sulphides (Alt-25-013, 36 m depth – 8.2 g/t Au over 0.83 m, from 35.29 m depth).
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Photo 6. Banded polymetallic pyrite-pyrrhotite-chalcopyrite vein (Alt-25-013, 170 m depth – 4.59 g/t Au over 0.37 m, from 170.42 m depth).
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Figure 2. Cross Section of drill hole ALT-25-013.
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Quality Assurance/Quality Control
Analytical work was completed by ALS Canada Ltd., with sample delivery in Whitehorse, Yukon, sample preparation in Langley, British Columbia, and geochemical analysis in North Vancouver, British Columbia.
Rigorous procedures are in place regarding sample collection and data entry. Certified assay standards, coarse reject duplicates, field duplicates and blanks were routinely inserted into the sample stream to ensure integrity of the assay process. All of the results reported have passed the QA/QC screening. Core was sampled using a diamond core saw, with half of each interval sent to the lab for analysis and the other half retained.
Half-core samples were fine-crushed and a 250 g split was pulverized to better than 85% passing 75 microns. Gold was determined for core samples using a 50 g charge by fire assay followed by an atomic absorption spectroscopy finish (Au-AA24). The fine fraction was analyzed for 48 elements using a four acid digestion followed by inductively coupled plasma combined with mass spectroscopy and atomic emission spectroscopy finish (ME-MS61)
Fire assay screen analysis was completed using a 1 kg sample size screened to -106 microns. Oversize material was analyzed in entirety by fire assay with gravimetric finish. A 30 g assay of the undersized material was analyzed in duplicate by fire assay with atomic absorption spectroscopy finish. Results of the oversize and undersize assays were combined to provide the final reported number in this release.
Proximity to Measured and Indicated Resources
The Alotta property consists of 230 mineral claims that covers approximately 4,723 hectares in a similar geological setting to Western Copper and Gold’s Casino deposit, that is located 50 km to the north of the Alotta Project. The Casino deposit is one of the largest undeveloped copper-gold porphyry projects in the world.
About Forge Resources Corp.
Forge Resources Corp. is a Canadian-listed junior exploration company focused on exploring and advancing the Alotta project, a prospective porphyry copper-gold-molybdenum project consisting of 230 mineral claims that cover 4,723 hectares, located 50 km south-east of the Casino porphyry deposit in the unglaciated portion of the Dawson Range porphyry/epithermal belt in the Yukon Territory of Canada.
In addition, the Company holds an 80% interest in Aion Mining Corp., a company that is developing the fully permitted La Estrella coal project in Santander, Colombia. The project contains eight known seams of metallurgical and thermal coal.
Qualified Person
Lorne Warner, President and P. Geo, is a qualified person as defined by National Instrument 43-101 and has reviewed and approved the scientific and technical disclosure in this news release.
On behalf of the Board of Directors
‘PJ Murphy’, CEO Forge Resources Corp.
info@forgeresources.com
Forward-Looking Statements
Certain of the statements made and information contained herein may contain forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking information includes, but is not limited to, information concerning the Company’s intentions with respect to the development of its mineral properties. Forward-looking information is based on the views, opinions, intentions and estimates of management at the date the information is made, and is based on a number of assumptions and subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated or projected in the forward-looking information (including the actions of other parties who have agreed to do certain things and the approval of certain regulatory bodies). Many of these assumptions are based on factors and events that are not within the control of the Company and there is no assurance they will prove to be correct. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change except as required by applicable securities laws, or to comment on analyses, expectations or statements made by third parties in respect of the Company, its financial or operating results or its securities. The reader is cautioned not to place undue reliance on forward-looking information. We seek safe harbor.
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