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Senate Democrats are accusing President Donald Trump of trying to meddle in the upcoming election cycle, and Senate Republicans are calling them out. 

The topic of election integrity was again thrust back into the forefront by House Republicans last week, who demanded that voter ID legislation be included in a deal struck by Trump and Senate Minority Leader Chuck Schumer, D-N.Y., to fund the government. 

While that ultimately never came to fruition, the talking point and legislative push have remained. 

Trump has called on Republicans to nationalize elections throughout the week; the FBI conducted a raid on an election hub in Fulton County, Ga. and a cohort from the Senate GOP are pushing for the SAVE America Act to get a shot in the upper chamber. 

Senate Democrats see the moves as laying the groundwork for election interference during the 2026 midterm election cycle — a point that they railed against Trump and Republicans for years. 

‘I think as Trump gets more desperate, he’s looking at ways that he can rig the election anytime a Republican doesn’t win,’ Sen. Chris Murphy, D-Conn., told Fox News Digital. ‘He thinks it’s unfair, and so he wants to tilt the rules to make sure the Democrats don’t win.’ 

‘So yeah, I think we ultimately have to be really vigilant about this,’ he continued. ‘The Constitution is crystal clear, the federal government can’t run state elections, but that doesn’t mean he won’t try.’

The accusation has made Senate Republicans balk, particularly after congressional Democrats raged against the GOP for questions of election integrity following the 2020 election and after Democrats pushed for their own, sweeping election reform packages under former President Joe Biden. 

Sen. Eric Schmitt, R-Mo., told Fox News Digital that Democrats’ charge was ‘ridiculous.’ 

‘Sounds like a conspiracy theory,’ Schmitt said. 

‘I think President Trump cares very deeply about the integrity of our elections,’ he continued. ‘If you ask the American people, they support voter ID by overwhelming numbers. So look, they’ve got some outrage of the week every week.’

Trump’s comments to nationalize elections came first during an interview with former FBI Deputy Director Dan Bongino on his podcast, where the president said, ‘The Republicans should say, ‘We want to take over, we should take over the voting in at least many — 15 places.’’ 

Sen. Elissa Slotkin, D-Mich., shot back that a Democratic politician didn’t need to weigh in on the issue because Trump ‘said it with his own mouth.’

‘You can take the president at his own words and believe what he says,’ Slotkin told Fox News Digital. ‘And he’s had an obsession with this issue, certainly an obsession with Fulton County, since he lost the 2020 election, and he’s now weaponizing the federal government because of his obsession.’

But some Senate Republicans have pushed back on Trump’s desire to implement more federal control over elections. 

They argue that it’s a request that runs headfirst into the Constitution, which dictates that elections are run at the state and local levels with little impact from the federal government. Senate Majority Leader John Thune, R-S.D., has also thrown cold water on the notion. 

‘Distributed, decentralized elections held at state-level, in my view, are a protection against hacking and other things, so it’s a lot harder to hack 50 systems than it is one,’ Thune said. ‘So, if that’s the issue, I’m a believer in keeping most of those administered — most issues, at least administered by the state. The issue of citizenship, when it comes to voting, would be an exception to that.’

And while there is a push to pass the SAVE America Act, which would include voter ID, proof of citizenship to register to vote, and other reforms, it’s unlikely to survive in the Senate. 

That’s because of the 60-vote filibuster threshold and Senate Democrats’ near-unanimous disdain of the legislation, which Senate Minority Leader Chuck Schumer, D-N.Y., has called ‘Jim Crow 2.0.’

Still, Sens. Mike Lee, R-Utah, Ron Johnson, R-Wis., and Rick Scott, R-Fla., the three most vocal supporters of the bill, met with Trump to discuss a path forward on Thursday. 

‘It is Democrats bending over backwards to prevent voter ID and proof of citizenship for American elections,’ Lee told Fox News Digital in a statement. ‘It is Democrats demanding that nobody ask questions about election security and irregularities. The projection is jaw-dropping.’

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Sen. Tim Scott, R-S.C., called out President Donald Trump for a post on Truth Social on Friday, demanding that the president take it down.

The post in question, which Trump put on his Truth Social Thursday night, depicted former President Barack Obama and former First Lady Michelle Obama as monkeys or apes.

Scott, the only Black member of the Senate GOP, called on Trump to remove the post.

‘Praying it was fake because it’s the most racist thing I’ve seen out of this White House,’ Scott said. ‘The President should remove it.’

Scott found an unlikely ally in his request in Senate Minority Leader Chuck Schumer, D-N.Y., who similarly called on Trump to take the post down. 

‘Racist. Vile. Abhorrent. This is dangerous and degrades our country — where are Senate Republicans? The President must immediately delete the post and apologize to Barack and Michelle Obama, two great Americans who make Donald Trump look like a small, envious man,’ Schumer said on X. 

Scott and Trump have shared a warm relationship since he ran and ultimately dropped out of the Republican presidential race last year. 

He now chairs the National Republican Senatorial Committee, the Senate GOP’s campaign arm tasked with keeping Republicans’ thin majority in the upper chamber and expanding it during the 2026 midterm cycle. 

Scott has rarely bucked Trump, positioning himself as a top ally to the president — he was on the short list of possible vice presidential picks before Trump ultimately tapped then Sen. JD Vance, R-Ohio. 

However, he has recently broken with the president on the Department of Justice’s (DOJ) investigation into Federal Reserve Chair Jerome Powell.

Scott, who also chairs the Senate Banking Committee, said during an interview with Fox Business earlier this week that he didn’t believe Powell had committed a crime during his testimony to the committee last year.

‘I found him to be inept at doing his job, but ineptness or being incompetent is not a criminal act,’ Scott said.

The White House did not immediately respond to Fox News Digital’s request for comment.

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Equity Metals Corporation (TSXV: EQTY,OTC:EQMEF) (FSE: EGSD) (OTCQB: EQMEF) (‘Equity’ or the ‘Company’) is pleased to advise that it will be exhibiting at the annual 2026 Prospectors & Development Association of Canada (PDAC) Convention, the world’s premier mineral exploration & mining event.

To learn more about Equity Metals’ Silver Queen, silver-gold project in British, we invite you to visit the team at Booth # 2541 in the Investors Exchange, Level 800, at the Metro Toronto Convention Centre, South Building from Sunday March 1st through Wednesday March 4th.

An updated version of our Corporate Presentation is now available on the Company’s website: www.equitymetalscorporation.com

About PDAC

PDAC 2025: The World’s Premier Mineral Exploration & Mining Convention is the leading event for people, companies and organizations connected to mineral exploration. This annual convention in Toronto, Canada is known for attracting up to 30,000 attendees from over 130+ countries for its educational programming, networking events, outstanding business opportunities.

Since it began in 1932, the PDAC Convention has grown in size, stature and influence. Today, it is the event of choice for the world’s mineral industry hosting more than 1,100 exhibitors and 2,500 investors. Visit PDAC’s website for registration and ticketing information.

Corporate Update

Further, the Company reports that it has engaged Research Capital Corporation (‘RCC’) as a financial advisor to provide advice and assistance in connection with defining strategic and financial objectives over a one-month term. Equity will compensate RCC by payment of $24,000 and issuance of 150,000 share purchase warrants (‘Advisory Warrants’) valued at $30,000 (calculated using a share price of $0.40 with warrants valued at half that of shares). Each Advisory Warrant is exercisable for one common share of the Company for a period of 36 months at an exercise price equal to $0.40 per share. Such Advisory Warrants have been issued are subject to a hold period expiring June 7, 2026. RCC is arm’s length to the Company.

About Equity Metals Corporation

Equity Metals Corporation is a member of the Malaspina-Manex Group. The Company owns 100% interest, with no underlying royalty, in the Silver Queen project, located along the Skeena Arch in the Omineca Mining Division, British Columbia. The property hosts high-grade, precious- and base-metal veins related to a buried porphyry system, which has been only partially delineated. The Company also has a controlling JV interest (57.49%) in the Monument Diamond project, NWT, strategically located in the Lac De Gras district within 40 km of both the Ekati and Diavik diamond mines. As well, the Company has an option to acquire a 100% interest in the Arlington Property, located within the Boundary District of south-central British Columbia where 2025 exploration work consisted of geophysics and diamond drilling designed to identify and delineate an apparent gold system.

On behalf of the Board of Directors,

‘Lawrence Page, K.C.’

Lawrence Page, K.C.
Chairman, Director, Equity Metals Corporation

For further information, visit the website at https://www.equitymetalscorporation.com; or contact us at 604.641.2759 or by email at corpdev@mnxltd.com.

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

This news release contains forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Factors that could cause actual results to differ materially from those in forward looking statements include the timing and receipt of government and regulatory approvals, and continued availability of capital and financing and general economic, market or business conditions. Equity Metals Corporation does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by applicable law.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/282959

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AFDG, now Copper Intelligence, has successfully entered a binding contract for the transaction closing of the Butembo mining concession in Eastern DRC. In conjunction with the SPA, AFDG shares have been issued to the license holders, with ownership of the mining interest now held by the US domiciled entity, thus completing the Reverse Takeover transaction (RTO).

The transaction was signed in parallel with a Strategic Minerals roundtable held in Washington DC in conjunction with the launch of Project Vault by US President Trump, and the attendance by His Excellency, President Felix Tshisekedi of DRC, Aldo Cesano, Director of Copper Intelligence, and the inaugural Critical Minerals Ministerial hosted by Secretary of State Marco Rubio at the Department of State in Washington, D.C.

Copper Intelligence, Inc is now the first stand-alone DRC company to be publicly traded in the United States.

Andrew Groves, Chairman of Copper Intelligence stated, ‘ We are delighted to hold this status as a dedicated US company operating in Africa, aggregating assets in the DRC’s highest grade copper deposits in the world. The geology, and DRC’s prospective superlative yields, affords us the opportunity to create a unique, and dedicated copper exploration company. The Technical Team will now drive shareholder value through a methodical exploration program, asset addition, and validation of results.’

Aldo Cesano, Director added, ‘We believe Copper Intelligence will make a significant contribution to the people and communities of the DRC in which we work.’

Alan Kessler, Director and Founder concluded, ‘We are confident Copper Intelligence holds the resources, timing and execution capability to embrace the global copper shortage, and create shareholder value as a pioneering African company.’

About the Butembo Copper Project

Butembo is a near surface, low strip, Tier one exploration opportunity, located near the Ruwenzori mountain location of Uganda’s biggest copper mine (Kilembe with 4 million tons of verified reserves), located only 50km from the Ugandan border with verified access to rail. The High-grade copper samples thus far have returned 18% Copper assays, which if maintained at production would rank amongst the highest globally.

Industry and DRC positioning

According to The Washington Post, projected demand scenarios suggest that annual copper deficits could reach or exceed 6 million tons by 2035. The U.N. Conference on Trade and Development (UNCTAD) estimates that closing this gap would require opening around 80 major new mines by 2030.

Click here to continue reading.

Media Contact:

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

Cision View original content:https://www.prnewswire.com/news-releases/african-discovery-group-afdg-announces-signing-of-definitive-sales-and-purchase-agreement-spa-for-butembo-copper-asset-in-the-democratic-republic-of-congo-name-change-to-copper-intelligence-inc-302681359.html

SOURCE African Discovery Group

News Provided by PR Newswire via QuoteMedia

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Senate Democrats are standing firm by their demands to rein in Immigration and Customs Enforcement (ICE), but Senate Republicans believe they have an ulterior motive: completely defund immigration operations across the country.

‘I’m really concerned that all the Democrats want to do is defund ICE,’ Sen. Rick Scott, R-Fla., told Fox News Digital, ‘They want open borders. They don’t want to get rid of criminals.’

Republicans argue the canary in the coal mine came last week when the Senate was advancing a Trump-backed funding deal.

Sen. Bernie Sanders, I-Vt., attempted to pass an amendment that would have stripped the Department of Homeland Security (DHS) and ICE of $75 billion, which was summarily defeated on the floor.

‘Every single Senate Democrat voted yes,’ Senate Majority Whip John Barrasso, R-Wyo., said. ‘That’s how radical Democrats have become. The Senate rightly rejected this amendment. The Sanders Amendment exposes Democrats’ open borders goals.’

That money came from President Donald Trump’s marquee ‘big, beautiful bill,’ which shoveled billions to DHS for immigration operations, ensuring the agency is flush with cash for the next three to four fiscal years, regardless of congressional Democrats’ desires to defund it.

Sen. Katie Britt, R-Ala., told Fox News Digital that the money from the ‘big, beautiful bill,’ wasn’t going anywhere. Britt is leading talks for Senate Republicans over the issue.

‘That’s not up for negotiation,’ Britt said.

‘Once again, just like they did in the last shutdown, they would be putting the American people in jeopardy and at a worse place as a result of trying to win on a political posturing or political issue,’ she continued. ‘So look, I plan on going into this with good-faith intentions, and I certainly hope that they will as well.’

As the week has gone on, some Senate Republicans believed that all their counterparts wanted to do was gut ICE. 

When asked if he believed that Democrats’ end goal was to completely defund immigration enforcement operations, Sen. Tommy Tuberville, R-Ala., told Fox News Digital, ‘100%.’

‘There’s no way we’re going to put handcuffs on ICE to limit what they can do,’ Tuberville said.

Senate Democrats pushed back against the assertion that they wanted to gut the agency, arguing that because of the funding already established by the ‘big, beautiful bill,’ there was little they could actually do to defund immigration operations.

‘I want accountability,’ Sen. Andy Kim, D-N.J., told Fox News Digital. ‘I want to make sure that there’s oversight. But right now, what I’m seeing is lawlessness and some of the actions and behaviors that should be alarming to all of us, and you know, that’s the underlying factor that we want to address.’

‘It’s not about some game,’ he continued.

Congressional Democrats coalesced around a list of 10 demands, finally unveiling their proposal late Wednesday night. It included several policies Republicans have already spurned, like de-masking ICE agents and requiring judicial warrants.

Senate Majority Leader John Thune, R-S.D., balked at the new proposal, and said that ‘there’s just a bunch of stuff in there that’s a nonstarter.’

‘They know that. Now maybe they had to put it in there to satisfy MoveOn.org, or some other special left-wing special interest groups,’ Thune said. ‘But there are a few things that actually there’s probably some room to move on there to negotiate on, but a lot of that stuff, obviously just wasn’t serious.’

Republicans are also mulling turning to another short-term funding patch, given that as of Thursday, their last day in session, they had just eight days left on the clock before the current continuing resolution (CR) for DHS ran out.

But Democrats aren’t keen on supporting another extension — Senate Minority Leader Chuck Schumer, D-N.Y., warned that Thune and Republicans ‘shouldn’t count on our votes.’

He also pushed back against grumbling Republicans, arguing that negotiations wouldn’t move along unless Republicans revealed what they wanted in return.

‘They have to get their act together,’ he said. ‘We spent three days diligently, seriously coming up with a comprehensive, commonsense plan that police departments throughout the country use. Where are they?’

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Oreterra Metals Corp. (TSXV: OTMC,OTC:RMIOD) (OTCID: OTMCF) (FSE: D4R0) (‘Oreterra’ or the ‘Company’ formerly ‘Romios Gold Resources Inc.’) is pleased to announce that it has retained Generation IACP Inc. (‘GIACP’) to trade the common shares of the Company with the objective of contributing to market liquidity. The agreement remains subject to approval by the TSX Venture Exchange (‘TSXV’) and the services will be provided in compliance with the policies and guidelines of the TSXV, and applicable legislation.

Under the agreement, GIACP will receive a fee of C$8,500 plus applicable taxes per month. The initial term of the agreement is six months and the agreement will automatically renew for additional six-month periods unless Oreterra provides GIACP with written notice of termination at least 30 days prior to the end of the term or a renewal term. Commencing on the first anniversary of the agreement, the fee payable to GIACP will automatically increase annually by 3.0%. No stock options are being granted and no compensation other than as stated above is payable in connection with the engagement. GIACP will be responsible for the costs it incurs in buying and selling the Company’s shares, and no third party will be providing funds or securities for the market making activities. GIACP and the Company are unrelated and unaffiliated entities and at the time of the agreement, neither GIACP nor its principals have an interest, directly or indirectly, in the securities of the Company. GIACP and its clients may acquire and hold a direct or indirect interest in the securities of Oreterra from time to time.

GIACP, established in 1998, is a Toronto-based, independently owned investment dealer providing innovative solutions for institutional, corporate and individual clients in Canada and abroad. GIACP is a registered broker and a member of the Canadian Investment Regulatory Organization, the TSX Venture Exchange, the Canadian Securities Exchange, and Cboe Canada, and is a Participating Organization as such term is defined in the rules and policies of the Toronto Stock Exchange.

About Oreterra Metals Corp.

Oreterra Metals Corp. (formerly ‘Romios Gold Resources Inc.’) is a TSXV-listed mineral exploration company focused primarily on gold, copper and silver. The Company has crafted an ambitious business plan to advance Oreterra, primarily by refocusing its efforts on achieving discoveries through the drill bit. The Company holds several wholly-owned porphyry copper-gold prospects in British Columbia’s Golden Triangle, the most significant of which is the Trek South prospect, upon which a range of geosciences applied to it in the period since 2022 including mapping, sampling, magnetic, IP and MT geophysical surveys, have delivered high-order, complementary results that all vector to the same conclusion: that the target area offers high discovery potential. A drill permit is in place and an updated NI 43-101 with plan and budget was released on January 22, 2026. Trek South is located adjacent to Teck-Newmont’s Galore Creek deposits, presently undergoing pre-feasibility studies, and is bisected by the road right-of-way thereto. First-ever drilling of Trek South is planned for the 2026 field season.

Additional wholly-owned interests include two former producers in Nevada: the Kinkaid claims in the Walker Lane trend covering numerous shallow Au-Ag-Cu workings over what is believed to be one or more porphyry centres (source: J. Biczok, P.Geo, June 2025, Kinkaid Gold-Copper-Silver Project, www.oreterra.com), and the Scossa mine property in the Sleeper trend which is a former high-grade gold producer (source: J. Biczok, P.Geo, July 2025, Scossa Historic Gold Mine Property, www.oreterra.com). The Company also holds a 100% interest in the large-scale Lundmark-Akow Lake Au-Cu property adjacent to the northwest of the Musselwhite Mine, where drilling by the Company has produced highly encouraging, broad VMS-style Au-Cu intersections. Oreterra also retains an ongoing interest in several properties including a 2% NSR on McEwen Mining’s Hislop gold property in Ontario and a 2% NSR on Enduro Metals’ Newmont Lake Au-Cu-Ag property in BC.

For further information visit www.oreterra.com or contact:

Kevin M. Keough  Stephen Burega
Chief Executive Officer  President
Tel: 613 622-1916  Tel: 647 515-3734
Email: kkeough@oreterra.com  Email: sburega@oreterra.com

 

Neither the 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.

Cautionary Statement Regarding Forward-Looking Information

This news release includes certain ‘forward-looking statements’ which are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as ‘believes’, ‘anticipates’, ‘expects’, ‘estimates’, ‘may’, ‘could’, ‘would’, ‘will’, or ‘plan’. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to failure to identify mineral resources, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate First Nations, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company’s public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/282956

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Brixton Metals Corporation (TSX-V: BBB, OTCQB: BBBXF) (the ‘Company’ or ‘Brixton’) is pleased to announce the results from its regional prospecting soil and rock sampling program and the remaining drill results from its 2025 field season at the wholly owned Thorn Project, located in northwest British Columbia, Canada. The company provides a corporate and project update.

Highlights

  • Soil and rock geochemical sampling conducted within the Camp Creek Corridor has resulted in the identification of multiple new exploration targets. Notably, at the Cirque East Target, porphyry-style mineralization was identified hosted in a monzonite intrusive unit, with assays returning up to 2.16% copper and 39 g/t silver.
  • At the 95th South Target, high-grade silver mineralization was found in veins, yielding up to 642 g/t silver, 1.47% copper, 3.56% lead, and 1.97% zinc.
  • At Brixton’s Annual General and Special Meeting held on February 4th, 2026, shareholders have approved, among other items, a ten for one share consolidation, subject to the approval of the TSX Venture Exchange, which will result in a new post consolidation share count of 71.3 million shares outstanding. The Company believes the current strong metals market, a tight float, and with all four of its gold, silver and copper projects being drilled this year will provide a greater opportunity for share price appreciation.

Chairman, CEO, Gary R. Thompson stated, ‘The definition of new exploration targets through geochemical sampling with boots on the ground has been an effective approach at the Thorn Project as we continue to identify new areas of mineralization. 2026 is shaping up to be an exciting year for Brixton as we unlock potential at Thorn by drilling this year. Meanwhile current drilling at the Langis Silver Project is progressing well. Ivanhoe Electric is drilling at Brixton’s Hog Heaven copper-gold porphyry Project under the Earn-in Agreement and Eldorado Gold plans to drill Brixton’s Atlin Goldfields Project under the Option Agreement. This year will be the first time ever that all four of our projects will be drilled in the same year, so it’s super exciting. Assays from Langis are anticipated in the coming weeks and months.’

Figure 1. Brixton Metals Project Locations.

Fig 1 _NR_05Feb2026 projects

Figure 2. Location of Targets at the Thorn Project.

Fig 2 _NR_05Feb2026 targets

Discussion

During the 2025 exploration season at the Thorn Project, Brixton Metals conducted an extensive regional prospecting program, collecting 770 soil samples and 195 rock samples across multiple target zones. Geochemical analysis of these samples identified several new porphyry exploration targets within the Camp Creek Corridor, including the Cirque East target. In addition, high-grade silver veins at the 95th South Target were mapped and sampled. Drilling activities for the season comprised 3,223 meters at Camp Creek, 6,272 meters at Trapper, 2,670 meters at Catalyst, and 601 meters at Tempest. This news release presents the remaining drillhole results for the Thorn Project at the Camp Creek and Trapper Targets.

Camp Creek Corridor Overview

The Camp Creek Corridor is a northwest-trending zone hosting multiple centers of porphyry-style mineralization. This corridor is interpreted to be perpendicular to the Camp Creek Fault, which may have served as a conduit for porphyry intrusions into both the Stuhini volcanic rocks and the granitic units of the Thorn Stock. Key mineralized systems within the corridor include the Camp Creek Cu-Mo-Au porphyry, along with the recently identified Catalyst Cu-Au (see News Release, dated October 30, 2025) and Tempest Cu-Au (see News Release, dated December 1, 2025) porphyries (Figure 3).

In 2025, soil and rock sampling expanded the surface footprint of the Catalyst and Tempest Targets and delineated additional porphyry-style prospects. Of particular note is the Cirque Target, drilled in 2024, which revealed copper mineralization associated with intrusive breccias (see News Release, dated September 17, 2024). Recent mapping and sampling east of the drilled area have confirmed porphyry-style alteration and outlined a footprint coincident with a one-kilometre-long leach cap. Rock-chip samples from this area returned up to 2.16% copper and 39 g/t silver (sample B137847; see Table 1). Intrusive rocks at Cirque-East are characterized by fine-grained monzonites hosting chalcopyrite and molybdenite within quartz veins. The observed Cu-Ag-Mo mineralization, together with granitic intrusive phases and the development of a leach cap, is typical of porphyry deposits. Ongoing work will focus on refining these field results and evaluating the area for potential drilling in the 2026 campaign.

Figure 3. Map illustrating exploration targets within the Camp Creek Corridor, including locations of historical and 2025 drill holes, copper distribution in soils from both recent and past geochemical surveys, and IP-chargeability polygons delineated during the 2025 field season.

Fig 3 _NR_05Feb2026 Camp Crk

About the 95th South Target

The 95th South Target (see Figure 2 for general location of this target) consists of a series of nearly parallel veins ranging from 30 cm to 2 meters in width, striking ENE-WSE (see Figure 4). These veins are composed of quartz-feldspar with variable amounts of galena, sphalerite, chalcopyrite, bornite and pyrite. Sampling has returned notable values, including up to 642 g/t silver, 1.47% copper, 3.56% lead, and 1.97% zinc (sample B137851), as well as 414 g/t silver (sample B137859). These polymetallic veins intrude a Triassic quartz-diorite, and in some instances, are accompanied by meter-wide alteration halos characterized by quartz-carbonate and localized sulphide mineralization. Further fieldwork in this area will focus on continuous sampling of these mineralized veins and on testing similar structures.

Figure 4. Map illustrating the principal mapped polymetallic veins and locations of rock samples collected from the 95th South Target.

Fig 4_NR_05Feb2026 95th South_V2

Table 1. Selected rock samples from the 2025 field campaign at the Cirque East and 95th South Targets.

Sample Target Sample Type Ag
(g/t)
Cu (ppm) Mo (ppm) Pb (ppm) Zn (ppm)
B137827 Cirque East Chip 1.67 1020 48 17 69
B137837 Cirque East Chip 2.96 1530 21 20 73
B137838 Cirque East Grab 2.43 622 564 27 59
B137843 Cirque East Chip 2.42 1640 7 26 86
B137847 Cirque East Chip 39.30 21600 1 24 136
B137851 95th South Grab 642.00 14700 10 35600 19700
B137856 95th South Grab 172.00 14800 16 2180 16350
B137857 95th South Chip 21.60 2090 42 431 188
B137858 95th South Chip 31.80 5050 56 217 409
B137859 95th South Chip 414.00 741 91 1540 76

The collected rocks are selected chip or grab samples of mineralized outcrops within each target area and do not represent the entire target.

Trapper Gold Target

Gold mineralization at Trapper is structurally controlled, trending northwest-southeast and dipping moderately to the north within the main drilling area. Mineralization is preferentially developed along the contact between Cretaceous (85.2 ± 1.2 Ma) quartz diorite and Triassic lapilli tuffs, with broad gold intervals largely hosted along these faulted contacts. Gold is associated with silver and base metal veins containing pyrite, galena, sphalerite, and locally chalcopyrite and bornite. During the 2025 field season, drilling at Trapper comprised 6,272 meters across 30 holes. Notably, drillhole THN25-348 was collared from the same pad as previously reported holes THN25-358 and THN25-359 (see News Release, dated December 16, 2025), with mineralized intervals detailed in Table 2.

Drilling at the Camp Creek High Sulfidation Target

The final drillholes completed in 2025 at the Camp Creek high-sulfidation target include THN25-367, THN25-368, THN25-369, and THN25-370 (see Table 2). These holes intersected mineralized sections ranging from meters to tens of meters, associated with polymetallic veins interpreted as the shallow, high-sulfidation expression of the deeper Camp Creek porphyry system. Drilling at Camp Creek covered 3,223 meters across 19 holes and successfully identified high-sulfidation polymetallic veins. Future drilling in this area will focus on further testing the extent and grade of these high-sulfidation veins and on evaluating similar interpreted structures.

Table 2. Select Assay Intervals in Holes THN25-348 at Trapper and holes THN25-367, THN25-368, THN25-369 and THN25-370 at Camp Creek.

Hole ID From To Interval Gold Silver Copper
meter meter meter g/t g/t %
THN25-348 111.00 115.30 4.30 1.39 2.01
  288.00 292.00 4.00 2.58 8.07
  313.50 314.00 0.50 5.30 27.60
             
THN25-367 98.00 108.00 10.00 0.90 102.21 0.86
including 100.35 105.80 5.45 1.42 159.50 1.38
THN25-368 128.00 137.70 9.70 0.33 12.52 0.15
including 134.50 135.60 1.10 0.82 64.90 0.90
THN25-369 174.60 175.20 0.60 0.54 57.40 0.88
  209.00 213.92 4.92 0.59 14.11 0.03
THN25-370 263.60 264.64 1.04 0.20 19.95

Assay values are weighted averages. Reported intervals are drilling length, and the true width of the mineralized intervals has not yet been determined

Table 3. Collar location for reported drillholes

Hole ID Location Easting
(m)
Northing
(m)
Elevation
(m)
Azimuth Dip Depth
(m)
 
 
THN25-348 Trapper 630519 6485400 1226 2 -45 324  
THN25-367 Camp Creek 628166 6491808 773 140 -70 143  
THN25-368 Camp Creek 628257 6492382 859 340 -60 194  
THN25-369 Camp Creek 628257 6492382 859 60 -60 251  
THN25-370 Camp Creek 628257 6492382 859 90 -60 299  

Quality Assurance & Quality Control

Brixton Metals has established rigorous quality assurance and quality control procedures for both drill core and surface sampling. Core samples were typically collected at 1.5-meter intervals, with high-grade intervals sampled at 0.5 meters. Blank, duplicate (lab pulp), and certified reference materials were inserted at a combined rate of up to 15 percent. Core samples were split, bagged, secured, and sent directly to ALS Minerals preparation facilities in Whitehorse, Yukon or Langley, British Columbia, depending on laboratory availability. Rock samples, collected as grab or chip samples, followed similar protocols prior to laboratory analysis. ALS Minerals Laboratories is accredited to ISO 9001:2008 and ISO 17025 standards for laboratory procedures. Gold analyses were performed at ALS Laboratory Facilities in North Vancouver, British Columbia, using fire assay with atomic absorption finish, while silver, lead, copper, zinc, and 48 additional elements were analyzed by four acid digestion with ICP-MS finish. Overlimit gold values were determined by fire assay and gravimetric finish. Certified reference materials were sourced from CDN Resource Laboratories Ltd. in Langley, British Columbia, with standards inserted based on the type and abundance of mineralization observed. Non-mineralized siliceous landscaping rock was used as blank material. The Company’s QAQC protocols are available on its website.

Update on Thorn Project

Drilling at Brixton’s Thorn Project is expected to commence in May 2026. Drill results will be released as they become available.

Update on Drilling at Langis Silver Project

Brixton Metals is actively drilling its wholly owned high-grade Langis Silver Project, situated in the renowned, silver-rich Cobalt Camp of Ontario, roughly 500 kilometers north of Toronto. Thus far, in 2026, the Company has completed 3,000 meters of drilling across eight holes, with assay results pending. Results will be released as they are made available.

Update on Hog Heaven and Atlin Projects 

Brixton’s Hog Heaven Project, in Montana, is under an Earn-in Option to Ivanhoe Electric and as the operator, Ivanhoe Electric has commenced drilling, in search of the causative copper-gold porphyry system. Brixton’s Atlin Goldfields Project in British Columbia is under Option to Eldorado Gold where they plan to start drilling orogenic gold targets in May 2026. Drill results will be released as they become available. 

Qualified Person (QP)

Ms. Madeline Berry, P.Geo., is a Project Geologist for the Company who is a Qualified Person as defined by National Instrument 43-101. Ms. Berry has verified the referenced data and analytical results disclosed in this press release and has approved the technical information presented herein.

Corporate Update

The Company held its Annual General and Special Meeting February 4, 2026. All matters were approved at the Meeting by shareholders. New directors, Ryan Goodman and Kevin Chen, were elected to the Board of Directors and incumbent directors, Ian Ball, Cale Moodie and Gary Thompson, were re-elected to the Board of Directors. A share consolidation was approved by shareholders resulting in a ten for one share consolidation, subject to the approval of the TSX Venture Exchange, which will result in a new share count of 71,323,542 post consolidation. An amendment of the Company’s articles was approved to provide directors with more flexibility regarding amending the Company’s authorized share capital. Shareholders also re-approved the Company’s Stock Option Plan for the ensuing year.

The exercise price and the number of shares issuable under the Company’s outstanding warrants and stock options will be proportionately adjusted to reflect the consolidation in accordance with the respective terms thereof. Fractional common shares will not be issued, and no cash will be paid in lieu of fractional post-consolidation common shares. The number of post-consolidation common shares to be received by a shareholder will be rounded down to the nearest whole common share. This proposed consolidation does not change a shareholder’s proportionate ownership interest in the Company.

The proposed consolidation has been approved and authorized by the Company’s board of directors. The consolidation is subject to approval by the TSX Venture Exchange. In particular, the Company will be required to meet the Exchange’s continued listing requirements upon completion of a consolidation. There is no guarantee that Exchange acceptance of a consolidation will be given or that the Company will meet the Exchange’s continued listing requirements upon completion.

A further news release will be issued announcing the effective date for the consolidation and a letter of transmittal will be mailed to the Company’s registered shareholders, which shareholders can use to exchange their current share certificates for certificates representing the consolidated number of shares. No action will be required to effect consolidation of beneficially held securities by non-registered shareholders, who hold securities of the Company through an intermediary.

The Company does not intend to change its name or current trading symbol in connection with the proposed consolidation.

About Brixton Metals Corporation

Brixton Metals is a Canadian exploration company focused on the advancement of its mining projects. Brixton wholly owns four exploration projects: Brixton’s flagship Thorn copper-gold-silver-molybdenum Project, the Hog Heaven copper-silver-gold Project in NW Montana, USA, which is optioned to Ivanhoe Electric Inc., the Langis and HudBay silver Projects in Ontario and the Atlin Goldfields Project located in northwest BC, which is optioned to Eldorado Gold Corporation. Brixton Metals Corporation shares trade on the TSX-V under the ticker symbol BBB, and on the OTCQB under the ticker symbol BBBXF. For more information about Brixton, please visit our website at www.brixtonmetals.com.

On Behalf of the Board of Directors

Mr. Gary R. Thompson, Chairman and CEO
info@brixtonmetals.com

For Investor Relations inquiries please contact: Mr. Michael Rapsch, Vice President Investor Relations. email: michael.rapsch@brixtonmetals.com or call Tel: 604-630-9707

Follow us on:
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Neither the 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.

Information set forth in this news release may involve forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as ‘anticipate’, ‘believe’, ‘plan’, ‘estimate’, ‘expect’, and ‘intend’, statements that an action or event ‘may’, ‘might’, ‘could’, ‘should’, or ‘will’ be taken or occur, including statements that address potential quantity and/or grade of minerals, potential size and expansion of a mineralized zone, proposed timing of exploration and development plans, or other similar expressions. All statements, other than statements of historical fact included herein including, without limitation, statements regarding the use of proceeds. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: the need for additional financing; operational risks associated with mineral exploration; fluctuations in commodity prices; title matters; and the additional risks identified in the annual information form of the Company or other reports and filings with the TSXV and applicable Canadian securities regulators. Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements. 

Links:

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Blackrock Silver Corp. (TSXV: BRC,OTC:BKRRF) (OTCQX: BKRRF) (FSE: AHZ0) (‘Blackrock’ or the ‘Company’) is pleased to announce that Andrew Pollard, President & Chief Executive Officer of the Company, will present live at the Precious Metals & Critical Minerals Virtual Investor Conference hosted by VirtualInvestorConferences.com, on February 10th, 2026 at 2PM ET

Blackrock invites individual and institutional investors, as well as advisors and analysts, to attend online at VirtualInvestorConferences.com.

DATE: February 10th
TIME: 2:00PM ET
LINK:https://www.virtualinvestorconferences.com/wcc/eh/4814904/lp/5226511/blackrock-silver-corp-otcqx-bkrrf-tsxv-brc

This will be a live, interactive online event where investors are invited to ask the Company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.

It is recommended that online investors pre-register and run the online system check to expedite participation and receive event updates.

Learn more about the event at www.virtualinvestorconferences.com.

Marketing Agreement

The Company also announces that that it has entered into a marketing agreement (the ‘Agreement‘) with Epstein Research (‘ER‘), led by Peter Epstein, pursuant to which Mr. Epstein will provide investor relations services to the Company for a six (6) month term beginning on February 6, 2026 and ending on August 6, 2026 in consideration for a cash fee of US$2,500 per month, payable by way of a one time aggregate payment of US$15,000, paid in advance, subject to approval by the TSX Venture Exchange.

In accordance with the terms of the Agreement, ER will work with the Company on posting on social media and producing articles, interviews and commentary designed to increase awareness of the Company.

There are no performance factors contained in the Agreement and ER will not receive any securities of the Company as compensation.

Mr. Epstein does not beneficially own, directly or indirectly, any securities of the Company or any right to acquire securities of the Company. Mr. Epstein operates www.epsteinresearch.com, is an arm’s-length party to the Company, and has over 20 years experience in buy-side analyst roles.

Epstein Research is a research and analysis firm operated by Peter Epstein, located in the state of New Jersey, USA, specializing in investor relations and market awareness for public companies.

About Blackrock Silver Corp.

Blackrock Silver Corp. is an American-focused emerging primary silver developer systematically advancing the high-grade Tonopah West Project, situated in the historic ‘Queen of the Silver Camps’ in a jurisdiction consistently ranked as one of the top mining regions globally. The Company is backstopped by a veteran board and technical team with a proven track record of discovering, financing, and building major precious metal mines in Nevada and globally. Blackrock is committed to establishing a secure, high-margin, domestic supply of silver and gold.

Additional information on Blackrock Silver Corp. can be found on its website at www.blackrocksilver.com and by reviewing its profile on SEDAR+ at www.sedarplus.ca.

For further information, please contact:

Andrew Pollard, President & Chief Executive Officer
Blackrock Silver Corp.
Phone: 604 817-6044
Email: andrew@blackrocksilver.com

Sean Thompson, Head of Investor Relations
Blackrock Silver Corp.
Email: sean@blackrocksilver.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in 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/282934

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Saga Metals Corp. (‘SAGA’ or the ‘Company’) (TSXV: SAGA,OTC:SAGMF) (OTCQB: SAGMF) (FSE: 20H), a North American exploration company focused on critical mineral discoveries, acknowledges the recent announcement by The White House and Donald Trump of ‘Project Vault,’ a large-scale U.S. strategic stockpile initiative intended to strengthen domestic supply chains, advance national security priorities, and reduce reliance on foreign-controlled sources of critical minerals and raw materials.

Project Vault—announced in the Oval Office with participation from Export-Import Bank of the United States (‘EXIM’) — establishes the U.S. Strategic Critical Minerals Reserve as an independently governed public-private partnership designed to store essential raw materials across U.S. facilities.

EXIM has approved a Direct Loan of up to US$10 billion to support Project Vault, providing long-term financing for a partnership between original equipment manufacturers and private-sector capital providers—an effort EXIM has positioned as strengthening U.S. production and processing capacity, insulating manufacturers from supply shocks, and advancing U.S. national economic security objectives.

The stockpile is the latest move by the Trump administration to build a Western supply chain to counter China’s dominance in critical minerals — especially when it comes to refining. Beijing sought to cut off exports of rare earths, a subset of critical minerals, last year during trade disputes with the U.S.

A Media Snippet accompanying this announcement is available by clicking on this link.

Preferential trade alignment and allied coordination on display at the Critical Minerals Ministerial in Washington, D.C.

The U.S. efforts to diversify and stabilize critical minerals supply chains are expanding beyond domestic stockpiling toward allied coordination. On February 4, U.S. Vice President JD Vance outlined plans aimed at organizing partners into a preferential trade framework for critical minerals, including mechanisms intended to promote market stability and reduce vulnerability to price undercutting and supply disruption.

Canada’s Foreign Affairs Minister Anita Anand was in Washington on Wednesday as the Trump administration made a case for international partners to join a preferential trade zone for critical minerals with forced price floors.

Canada and the U.S. Department of Defense already have a co-investment deal to accelerate Canadian mining development and strengthen critical minerals supply chains.

A Media Snippet accompanying this announcement is available by clicking on this link.

Titanium: A national defense critical mineral facing supply chain constraints

Titanium remains a cornerstone material for aerospace and defense platforms, infrastructure, and high-performance industrial uses, and continues to be a strategic concern for Western supply chains due to limited domestic sourcing and processing capacity. Titanium is deemed a critical metal by the U.S., EU and Canada and is essential for defense and aerospace applications due to its strength-to-weight ratio and corrosion resistance.

Titanium is characterized as a critical mineral for defense and aerospace, with supply-chain risk concentrated in titanium metal pathways (including aerospace-grade sponge capacity and certification) rather than in pigment markets. The vast majority – over 90% globally of mined titanium is processed into the pigment – a looming supply chain gap UK-headquartered market intelligence company Project Blue outlines in a recent report.

‘Titanium is essentially a defence metal – it can be up to 20% or more of the markets for total titanium consumption that goes into defence. An F 15 can be up to 40% in weight of titanium. There’s some serious volume going in these jet planes,’ Project Blue Founder and Director, Dr. Nils Backeberg

Saga Metals’ Project Focus: Critical Minerals and Titanium Exploration in Labrador

Saga Metals believes the evolving policy environment reinforces the strategic relevance of North American Critical Minerals projects that can support secure, resilient supply chains for defense, aerospace, and advanced manufacturing. The Company’s flagship Radar Ti-V-Fe Project is located in Labrador near the port community of Cartwright and is supported by existing infrastructure, including road access and proximity to tidewater logistics. Saga recently announced a 100% drilling success rate in 2025 with exceptional grades of titanium, vanadium, and iron in all 15 drill holes completed at the Radar Critical Minerals Project. The company is advancing towards a Mineral Resource Estimate and has completed four diamond drill holes in 2026 to start the year.

Mike Stier, CEO & Director of Saga Metals commented: ‘The U.S. government’s focus on critical mineral stockpiling reinforces the strategic importance of secure, allied sources of materials such as titanium—particularly for North American national security and defense-related supply chains. Saga Metals continues to advance its portfolio with a focus on critical minerals that support supply-chain security, advanced manufacturing, and future-facing technologies. We believe this policy momentum highlights the importance of investing in strategic mining projects that can help build resilience—diversifying supply, strengthening domestic and allied production capacity, and supporting stable investment conditions for the critical materials that power our economies and protect our industries.’

Key implications Saga Metals sees from Project Vault and allied initiatives

Saga Metals recognizes several key implications from Project Vault and the broader allied push toward critical-minerals security:

  • Rising strategic value of titanium and other critical metals in defense readiness, aerospace manufacturing, and industrial policy.
  • Potential acceleration of investment in North American exploration, development, and processing capacity as governments prioritize secure supply.
  • Expanded public-private cooperation to create resilient, domestically aligned supply chains and mitigate market disruption risk.
  • Increased allied coordination on pricing stability, trade frameworks, and supply diversification to reduce dependency on concentrated refining and processing pathways.

About Critical Minerals

Critical minerals are the foundation upon which modern technology is built. They are used in a wide range of essential products ranging from mobile phones and solar panels to electric vehicle batteries, medical devices and defense applications. Canada’s critical minerals list identifies 34 minerals and metals while the U.S.A identifies 60 minerals and metals as critical.

Investor Relations Agreement

Additionally, the Company and GRA Enterprises LLC DBA National Inflation Association (‘NIA’) entered into a consulting agreement (the ‘NIA Agreement’) for investor relations and communication services. The NIA Agreement has an initial term of twelve (12) months, at an aggregate cost of USD$100,000 for the term. Following the initial term, the NIA Agreement can be extended by three (3) months for an additional USD$30,000, six (6) months for an additional USD$50,000 or one year for an additional USD$100,000. NIA will leverage its expansive distribution channels – including targeted email lists, website features, and blog content – to highlight the Company’s growth story and project developments.

NIA, based in Mooresville, North Carolina, has a strong track record of investor communications for publicly traded companies. The Company will not issue any securities to NIA as compensation. NIA and its principals are at arm’s length to the Company. NIA currently has no direct or indirect interest in the securities of the Company, or any right or intent to acquire such an interest.

For more information about NIA: Contact ga@gerardadams.com or visit them at 112 Camp Lane, Mooresville, North Carolina, 28117.

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.

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 and IR agreements listed herein. 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.

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A Chinese billionaire trader known for profiting from gold’s multi-year rally has turned sharply bearish on silver, building a short position now worth nearly US$300 million as prices slide.

Bian Ximing, who earned billions riding gold’s multi-year rally and later turned aggressively bullish on copper, is now positioned for a sharp reversal in silver—a bet that is already paying off as prices retreat from record highs.

According to exchange data analyzed by Bloomberg and people familiar with his positions, Bian has assembled the Shanghai Futures Exchange’s largest known net short position in silver, held through Zhongcai Futures Co.

The position, composed of roughly 30,000 contracts, or about 450 metric tons, has swung sharply into profit following silver’s more than 16 percent drop since late January.

The contrast with Bian’s copper strategy just a year ago could hardly be sharper.

In 2024, Bian emerged as China’s most prominent copper bull, building the largest net long position on the Shanghai Futures Exchange at a time when many traders were retreating amid trade tensions and growth concerns.

His thesis then centered on copper’s central role in electrification, grid expansion and industrial upgrading. That trade was built patiently and scaled over months, with Bian accumulating long positions across multiple contracts.

By the time copper prices surged, the position had generated hundreds of millions of dollars in gains.

Silver, by contrast, appears to have triggered Bian’s skepticism. While silver often trades alongside gold, its recent surge was increasingly viewed by market participants as driven by speculative positioning rather than fundamental shifts in industrial demand.

Unlike copper, where supply bottlenecks and electrification narratives were front and center, silver’s rally accelerated rapidly by drawing in leveraged traders and momentum funds.

Exchange data show that Bian began building silver shorts in the final week of January, as prices pushed into record territory in Shanghai. His exposure expanded quickly from about 18,000 contracts on January 28 to roughly 28,000 two days later, even as prices continued climbing.

The timing was costly at first, as volatility forced partial liquidations and earlier losses trimmed gains from prior silver longs.

However, Bian’s patience was rewarded when silver broke sharply lower.The short is now estimated to be worth roughly 2 billion yuan (US$288 million) in paper gains. After accounting for earlier losses, Bian’s net profit is estimated at around 1 billion yuan based on recent prices.

Whether the current selloff proves lasting remains an open question. Bian, who resides largely in Gibraltar and rarely speaks publicly, did not respond to requests for comment. Zhongcai Futures also declined to comment.

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

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