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A securities lawsuit involving DeFi Technologies (NASDAQ:DEFT) highlights growing regulatory scrutiny on corporate crypto treasury strategies, signaling risks for investors eyeing similar plays.

While many crypto firms have faced class actions, the difference with the DeFi Technologies case is apparent: it targets operational delays and disclosure risks within a corporate treasury.

Most previous crypto lawsuits have concentrated on more common issues, such as promoter liability, token sales or exchange collapses, which primarily hit platforms and promoters.

Specifically, the DeFi Technologies lawsuit alleges that the company hid delays in its core DeFi arbitrage trading, its main revenue driver, while downplaying competition from rival digital asset treasury firms (DATs).

The class action, which seeks to represent those who purchased or acquired DeFi Technologies shares between May 12 and November 14 of this year, comes after two recent share price drops for the company.

Amid emerging risks in the DeFi space, the governance expert emphasized the need for clear business strategies and disclosures to shareholders, and highlighted the role of independent third-party advisors to protect boards.

DeFi Technologies lawsuit breakdown

Plaintiffs claim that DeFi Technologies misled investors from May to November 2025 by issuing revenue guidance of US$218.6 million, despite arbitrage execution snags and rivals eroding its edge.

The company’s share price fell more than 7 percent on November 6 after it issued an update, then crashed over 27 percent between November 14 and 17. The second decline was triggered by the release of its Q3 results — the firm reported a 20 percent revenue miss, cut its 2025 guidance to US$116.6 million and shifted its CEO to an advisory role.

Unlike typical crypto suits over token sales or exchange collapses, this one targets a corporate treasury’s operational delays in DeFi yield strategies, exposing how arbitrage hiccups and DAT rivals demand precise disclosures.

“I think it’s an indicator that we’re going to see more questions and concerns surrounding the regulatory environment and disclosures, because we kind of hit into uncharted … territory very rapidly,” said Bishara.

The lawsuit arrives amid new fair-value accounting rules, testing board liability for strategy risks before 2026 filings.

Operational value vs. crypto laundering

An emerging concern for regulators and investors is the distinction between companies with genuine transactional components and those using public markets to create artificial liquidity.

Bishara noted that smaller companies divesting from core businesses to pivot toward crypto could become targets for regulatory scrutiny due to a perceived change in control.

From his perspective, firms primarily pursuing a treasury strategy could come under fire for potentially prioritizing short-term stock value and liquidation over the best interests of shareholders.

In these smaller transactions, Bishara suggested that the shift can be viewed as a way to convert illiquid digital assets into US dollars by selling stock in the open market.

“You’re converting something that I can’t really sell, and I can’t really buy a piece of pizza with … and turning it into something that I can buy a piece of pizza with,” the expert explained. “It’s almost like laundering crypto into currency,” he added, clarifying that this is not a one-size-fits-all accusation.

Consequently, he believes investors should look for companies whose underlying business models have operational potential, rather than those focused purely on digital asset transactions.

Board oversight and fiduciary duty

The rapid evolution of DeFi has fundamentally outpaced the regulatory frameworks designed to govern it.

For investors, the DeFi Technologies case underscores the danger of imprecise disclosures around crypto assets, particularly when firms pivot their strategies without clear communication to shareholders.

Bishara observed that as stock volatility triggers these types of lawsuits, corporate boards are being forced to rethink the practical applications of their fiduciary responsibility.

To fulfill their duty to shareholders, the expert argued that boards must engage in active, expert-led evaluation. Engaging independent third-party advisors, such as attorneys or investment bankers, to evaluate crypto treasury deals will insulate and help companies protect themselves in this uncharted territory.

From his perspective, this process effectively transfers some of the risk from board members to advisors.

Bishara further emphasized the importance of documenting the specific evaluation of a transaction in board minutes, noting that if a director disagrees with a crypto strategy, they should “disagree with it in the minutes” in order to ensure that their individual interests are protected.

The need for rigorous board oversight is being driven home by the insurance market. Bishara observed that even if a company’s actual risk profile has not changed, the cost of mitigating risk through Directors and Officers (D&O) insurance is skyrocketing as the number of carriers willing to underwrite these risks has shrunk significantly.

“I am quite certain that we are going to see policy language that specifically discusses or removes some of these potential pieces of liability, specifically in companies that are not insuring for these types of transactions,” Bishara predicted, adding that standard insurance companies will likely add no-crypto clauses to their policies.

“I would definitely expect that more, not from the crypto underwriters, but more from the non-crypto underwriters, to really make sure that they’re not winding up on a risk accidentally,’ he also noted.

For investors, Bishara suggested that a company’s inability to secure affordable D&O insurance should be viewed as a significant red flag regarding the health of its balance sheet.

Investor takeaway

Bishara’s front-row seat to operational crypto-utility and high-frequency transactional modeling has helped shape his view of where the market is headed in 2026 and beyond. While the DAT model dominated the 2024/2025 cycle, he believes the space is rapidly evolving into a new phase of business.

“I think it’s a great space for really exploring how the world is going to evolve and change,” he said.

For investors, the key to long-term value may lie in distinguishing between a company that is simply HODLing, and a firm that is building a transactional component.

Bishara pointed to emerging business models where firms are moving beyond treasury strategies to become operational, transactional companies that use crypto to power everyday transactions.

As the 2026 regulatory and insurance landscape tightens, focus will likely shift away from those chasing short-term stock premiums and toward those using DeFi to build sustainable, potentially undervalued business models.

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

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Josef Schachter, president and author at the Schachter Energy Report, shares his thoughts on oil and natural gas prices, supply and demand in 2026.

‘I think before the cycle is over, the 2007 high of US$147 (per barrel) will be breached, because the industry cannot respond quickly by bringing on new oil,’ he said.

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

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President Donald Trump spent the first year of his second White House term signing a torrent of executive orders aimed at delivering on several major policy priorities, including slashing federal agency budgets and staffing, implementing a hard-line immigration crackdown and invoking emergency authority to impose steep tariffs on nearly every U.S. trading partner.

The pace of Trump’s executive actions has far outstripped that of his predecessors, allowing the administration to move quickly on campaign promises. But the blitz has also triggered a wave of lawsuits seeking to block or pause many of the orders, setting up a high-stakes confrontation over the limits of presidential power under Article II and when courts can — or should — intervene.

Lawsuits have challenged Trump’s most sweeping and consequential executive orders, ranging from a ban on birthright citizenship and transgender service members in the military to the legality of sweeping, DOGE-led government cuts and the president’s ability to ‘federalize’ and deploy thousands of National Guard troops.

Many of those questions remain unresolved. Only a few legal fights tied to Trump’s second-term agenda have reached final resolution, a point legal experts say is critical as the administration presses forward with its broader agenda.

Trump allies have argued the president is merely exercising his powers as commander in chief. 

Critics counter that the flurry of early executive actions warrants an additional level of legal scrutiny, and judges have raced to review a crushing wave of cases and lawsuits filed in response.

WINS:

Limits on nationwide injunctions

In June 2025, the Supreme Court sided with the Trump administration 6-3 in Trump v. CASA, a closely watched case centered on the power of district courts to issue so-called universal or nationwide injunctions blocking a president’s executive orders. 

Though the case ostensibly focused on birthright citizenship, arguments narrowly focused on the authority of lower courts’ ability to issue nationwide injunctions and did not wade into the legality of Trump’s order, which served as the legal pretext for the case. The decision had sweeping national implications, ultimately affecting the more than 310 federal lawsuits that had been filed at the time challenging Trump’s orders signed in his second presidential term.

Justices on the high court ultimately sided with U.S. Solicitor General John Sauer, who had argued to the court that universal injunctions exceeded lower courts’ Article III powers under the Constitution, telling justices that the injunctions ‘transgress the traditional bounds of equitable authority,’ and ‘create a host of practical problems.’

The Supreme Court largely agreed. Justices ruled that plaintiffs seeking nationwide relief must file their lawsuits as class action challenges. This prompted a flurry of action from plaintiffs in the weeks and months that followed as they raced to amend and refile relevant complaints to lower courts.

Firing independent agency heads 

The Supreme Court also signaled openness to expanding presidential authority over independent agencies.

Earlier in 2025, the justices granted Trump’s request to pause lower-court orders reinstating two Democratic appointees — National Labor Relations Board (NLRB) member Gwynne Wilcox and Merit Systems Protection Board (MSPB) member Cathy Harris, two Democrat appointees who were abruptly terminated by the Trump administration. It also suggested the Supreme Court is poised to pare back a 90-year-old precedent in Humphrey’s Executor, a 1935 ruling that prohibits certain heads of multi-member, congressionally created federal regulatory agencies from being fired without cause.

It is not the only issue in which the justices appeared inclined to side with Trump administration officials and either overturn or pare back Humphrey’s protections.

In December, the Supreme Court heard oral arguments in Trump v. Slaughter, a similar case centered on Trump’s attempt to fire a member of the Federal Trade Commission without cause. Justices seemed likely to allow the firing to proceed and to weaken Humphrey’s protections for similarly situated federal employees, though the extent that justices will move to dilute an already watered-down court ruling remains unclear.

The high court will also review another case centered on Trump’s ability to remove Federal Reserve Board Governor Lisa Cook early in 2026.

LOSSES:

Tariffs 

While it’s rarely helpful to speculate on how the Supreme Court might rule on a certain case, court watchers and legal experts overwhelmingly reached a similar consensus after listening to oral arguments in Learning Resources v. Trump, the case centered on Trump’s use of an emergency wartime law to enact his sweeping tariff plan. 

At issue in the case is Trump’s use of the International Emergency Economic Powers Act (IEEPA) to enact his steep 10% tariffs on most imports. The IEEPA law gives the president broad economic powers in the event of a national emergency tied to foreign threats. But it’s unclear if such conditions exist, as voiced by liberal and conservative justices in their review of the case earlier in 2025.

Several justices also noted that the statute does not explicitly reference tariffs or taxes, a point that loomed large during oral arguments.

A ruling against the administration would deliver a major blow to Trump’s signature economic policy. 

Court watchers and legal experts said after arguments that a Trump administration win could be more difficult than expected, though each cautioned it is hard to draw conclusions from roughly two hours of oral arguments, a fraction of the total time justices spend reviewing a case.

Jonathan Turley, a law professor and Fox News contributor, said in a blog post that the justices ‘were skeptical and uncomfortable with the claim of authority, and the odds still favored the challengers.’

‘However, there is a real chance of a fractured decision that could still produce an effective win for the administration,’ Turley added.

Brent Skorup, a legal fellow at the CATO Institute, told Fox News Digital in an emailed statement that members of the court seemed uncomfortable with expanding presidential power over tariffs.

‘Most justices appeared attentive to the risks of deferring to a president’s interpretation of an ambiguous statute and the executive branch ‘discovering’ new powers in old statutes,’ Skorup said.

Birthright citizenship

The Supreme Court has agreed to review Trump’s executive order restricting birthright citizenship, one of the most legally consequential actions of his second term.

At issue is an executive order Trump signed on his first day back in office that would deny automatic U.S. citizenship to most children born to illegal immigrant parents or parents with temporary legal status, a sweeping change critics say would upend roughly 150 years of constitutional precedent.

The order immediately sparked a flurry of lawsuits in 2025 filed by dozens of U.S. states and immigrants’ rights groups. Opponents have also argued that the effort is an unconstitutional and ‘unprecedented’ one that would threaten some 150,000 children in the U.S. born annually to parents of noncitizens and an estimated 4.4 million American-born children under 18 who are living with an illegal immigrant parent, according to data from the Pew Research Center. 

To date, no court has sided with the Trump administration’s interpretation of the 14th Amendment, though multiple district courts have blocked the order from taking force.

While it’s unclear how the high court might rule, the lower court rulings suggest the Trump administration might face a steep uphill battle in arguing the case before the Supreme Court in early 2026.

The court said in early December it will hold oral arguments in the case in 2026, between February and April, with a ruling expected by the end of June. 

This post appeared first on FOX NEWS

As 2025 ends, tensions between China and Taiwan are higher — and more overt — than at any point in recent years, fueled by expanded U.S. military support for Taipei, increasingly bold warnings from regional allies, and Chinese military drills that look less like symbolism and more like rehearsal.

Beijing has spent the year steadily increasing pressure on Taiwan through large-scale military exercises, air and naval incursions, and pointed political messaging, while Washington and its allies have responded with sharper deterrence signals that China now openly labels as interference.

The result is a more volatile status quo — one where the risk of miscalculation has grown, even as most analysts stop short of predicting an imminent Chinese invasion.

A year of escalating pressure

China capped off 2025 with what it described as its largest Taiwan-focused military exercises to date, launching expansive drills in December that included live-fire elements and simulated island encirclement operations.

The exercises followed a familiar pattern seen throughout the year: People’s Liberation Army aircraft and ships operating closer to Taiwan with greater frequency, reinforcing Beijing’s claim of sovereignty while testing Taipei’s response capacity.

Unlike earlier shows of force, the late-year drills were widely interpreted as practice for coercive scenarios short of outright war — particularly a blockade or quarantine designed to strangle Taiwan economically and politically without triggering immediate global conflict.

Chinese officials explicitly tied the escalation to Washington’s actions, pointing to a massive U.S. arms package approved in December — valued at roughly $11 billion and described as one of the largest such sales to Taiwan in years — as proof of what Beijing calls ‘foreign interference.’

Chinese officials have been unusually blunt in their response.

‘Any external forces that attempt to intervene in the Taiwan issue or interfere in China’s internal affairs will surely smash their heads bloody against the iron walls of the Chinese People’s Liberation Army,’ China’s Taiwan Affairs Office said in a Monday statement. 

The arms package continued the U.S. push to strengthen Taiwan’s asymmetric defenses, including missiles, drones and systems designed to complicate a Chinese assault rather than match Beijing weapon-for-weapon.

Taipei welcomed the support but remained cautious in its public response, emphasizing restraint while warning that Chinese military pressure has become routine rather than exceptional.

Japan steps into the frame

One of the most consequential shifts in 2025 came not from Washington or Taipei, Taiwan, but from Tokyo.

In November, Japanese Prime Minister Sanae Takaichi made unusually direct remarks linking a potential Taiwan contingency to Japan’s own security, suggesting that an attack on Taiwan could trigger collective self-defense considerations under Japanese law.

The comments marked one of the clearest acknowledgments yet from a sitting Japanese leader that a Taiwan conflict would not remain a bilateral issue between Beijing and Taipei.

China reacted angrily, accusing Japan of abandoning its post-war restraint and aligning itself with U.S. efforts to contain Beijing. The rhetoric underscored a growing Chinese concern: that any move on Taiwan would draw in a widening coalition of U.S. allies.

That concern has also been reinforced by U.S. treaty commitments to the Philippines, where Chinese and Philippine vessels clashed repeatedly in the South China Sea throughout the year, raising fears of a multifront crisis.

Washington’s deterrence gamble

For the United States, 2025 was defined by a balancing act — reinforcing Taiwan without triggering the very conflict Washington seeks to prevent.

In addition to the December arms package, U.S. officials repeatedly reaffirmed that peace and stability in the Taiwan Strait are vital U.S. interests, while avoiding any explicit shift away from long-standing strategic ambiguity.

The Pentagon’s annual report on China, released late in 2025, reiterated that U.S. defense assessments see the Chinese military developing capabilities that could enable it to fight and win a war over Taiwan by 2027 — a benchmark that has increasingly shaped U.S. and allied planning.

U.S. officials, however, have also cautioned that military readiness does not equal intent, warning against treating exercises or procurement timelines as a countdown clock to war.

Is an invasion coming?

The question hanging over the region — and Washington — is whether China is moving closer to launching a full-scale invasion of Taiwan.

The evidence cuts both ways.

On one hand, the scale and sophistication of Chinese military activity around Taiwan has grown noticeably, with drills emphasizing joint operations, rapid mobilization and isolation of the island. Beijing’s rhetoric has also hardened, portraying reunification as increasingly urgent and framing U.S. involvement as an existential threat.

On the other hand, an amphibious invasion of Taiwan would be among the most complex military operations in modern history, carrying enormous political, economic and military risks for China — whose armed forces have not fought a major war since its 1979 invasion of Vietnam.

Many defense analysts argue that Beijing has strong incentives to continue applying pressure through gray-zone tactics — cyber operations, economic coercion, legal warfare and military intimidation — rather than crossing the threshold into open war.

The December drills reinforced that view, highlighting blockade-style scenarios that could test Taiwan and its partners without immediately triggering a shooting war.

The road ahead

As 2026 approaches, the Taiwan Strait remains a flashpoint where deterrence and coercion are colliding more frequently and more visibly.

The most widely held assessment among U.S. and regional officials is that while the risk of conflict is rising — particularly as China approaches its 2027 military readiness goals — an invasion is not yet the most likely near-term outcome.

Instead, the danger lies in sustained pressure, miscalculation and crisis escalation, especially as more actors — from Japan to the Philippines — become directly implicated in the Taiwan equation.

For now, 2025 ends with no shots fired across the Taiwan Strait — but with fewer illusions about how close the region may be to its most serious test in decades.

This post appeared first on FOX NEWS

Republican Rep. Wesley Hunt of Texas is calling for the complete and permanent abolition of diversity, equity and inclusion ideology, noting that he only wants to be judged based on his ‘character,’ ‘competence’ and ‘results.’

‘DEI should be abolished, permanently. I never want to be chosen, promoted, or rewarded because of how I look. I want to earn every opportunity on merit, through hard work, grit, discipline, and determination,’ the Army veteran declared in a post on X.

‘Equality means equal standards, not engineered outcomes. The dignity of achievement comes from effort, not entitlement. Judge me by my character, my competence, and my results. Anything less is an insult to everyone striving to be their best,’ he added.

Billionaire business tycoon Elon Musk heartily endorsed the lawmaker’s comments.

‘And this is how anyone of honor should be!’ Musk wrote when sharing Hunt’s post on X.

Wesley Hunt defends Trump

Hunt has previously expressed his disdain for DEI.

‘DEI should be DOA,’ he wrote in a May 2025 post on X. ‘America was built on merit, grit, determination, and hard work—not skin color, quotas, or political games. The promise of this nation is simple: we rise by the strength of our character, not the shade of our skin. I’ve lived by that truth—and it drives the left absolutely insane.’ 

Army vet congressman: ‘You can’t walk around looking like the Pillsbury Doughboy and expect people to follow you into battle:’

The lawmaker, who has served in the U.S. House of Representatives since 2023, is running for U.S. Senate, challenging incumbent Republican Sen. John Cornyn of Texas, who is up for re-election this year. Lone Star State Attorney General Ken Paxton is also aiming to unseat Cornyn in the Republican U.S. Senate primary.

This post appeared first on FOX NEWS

The Department of Justice (DOJ) on Wednesday outlined a list of its accomplishments during President Donald Trump’s first year back in office, arguing that the agency has ended the political weaponization it says existed under the Biden administration.

The DOJ claimed in a statement posted on X that it has ‘turned around’ the agency, restoring fairness and law enforcement priorities.

‘Instead of keeping Americans safe, the Biden DOJ weaponized its power against political opponents: conservatives, parents, pro-lifers, Christians, and most of all, President Trump,’ the DOJ stated.

The DOJ said that after President Trump inherited a justice system it described as ‘in chaos,’ he charged the department with restoring ‘integrity, accountability and equal justice under the law.’

‘In 2025, the DOJ returned to its core mission: upholding the rule of law, vigorously prosecuting criminals, and keeping the American people safe,’ the department wrote.

The announcement comes as the Trump administration continues to face legal challenges and the Justice Department faces potential legal action after missing a statutory deadlinedeadline to release documents related to Jeffrey Epstein under the Epstein Files Transparency Act.

The DOJ outlined 10 ‘wins’ since President Trump took office on Jan. 20, including efforts to pursue major fraud cases, particularly in Minnesota, which it described as ‘rife with fraud.’

According to the DOJ, 98 people have been charged — including 85 individuals identified as being of Somali descent — in Medicaid fraud and related case programs, leading to 64 convictions to date.

The statement outlines actions taken to roll back policies it said were targeting conservatives and parents, reduce crime nationwide, increase law enforcement activity in major cities, seize record amounts of illegal drugs and secure favorable rulings at the Supreme Court.

On Wednesday, FBI Director Kash Patel wrote on X that the bureau is working to restore trust in federal law enforcement.

‘Dismantling public corruption is a top priority of our leadership team here — we’ve worked day and night on that mission and will continue to do so until justice is done,’ he wrote.

The Justice Department said more enforcement actions are planned in 2026, signaling an escalation of arrests, court victories and action ‘against those who threaten the safety and well-being of the American people.’

This post appeared first on FOX NEWS

Rio Silver Inc. (‘Rio Silver’ or the ‘Company’) is pleased to announce that it has settled an aggregate of $293,250 of indebtedness (the ‘Debts’) through (1) the issuance of an aggregate of 1,396,428 common shares of the Company at a deemed issuance price of $0.21 per share, of which 976,190 shares were issued to non-arm’s length creditors; and (2) the issuance of an aggregate of 420,238 common share purchase warrants entitling the holders to purchase an aggregate of 420,238 common shares of the Company at a price of $0.28 per share until December 31, 2028, none of which share purchase warrants were issued to non-arm’s length creditors. All common shares and share purchase warrants issued to settle the Debts will be subject to a hold period expiring May 1, 2026. Completion of the securities for debt transaction will allow the Company to improve its current working capital deficiency position.

About Rio Silver Inc.

Rio Silver Inc. (TSX-V: RYO | OTC: RYOOF) is a Canadian resource company advancing high-grade, silver-dominant assets in Peru, the world’s second-largest silver producer. The Company is focused on near-term development opportunities within proven mineral belts and is supported by a seasoned technical and operational team with deep experience in Peruvian geology, underground mining, and district-scale exploration. With a clear development strategy, and a growing portfolio of highly prospective silver assets, Rio Silver is establishing the foundation to become one of Peru’s next emerging silver producers. Learn more at www.riosilverinc.com.

ON BEHALF OF THE BOARD OF DIRECTORS OF Rio Silver INC.

Chris Verrico
President, Chief Executive Officer and a Director

To learn more or engage directly with the Company, please contact:

Christopher Verrico, President and CEO
Tel: (604) 762-4448
Email: chris.verrico@riosilverinc.com
Website: www.riosilverinc.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 Note Regarding Forward-Looking Information: This news release includes forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements.

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VANCOUVER, BC / ACCESS Newswire / December 31, 2025 / Goldgroup Mining Inc. (‘Goldgroup‘ or the ‘Company‘) (TSXV:GGA,OTC:GGAZF)(OTCQX:GGAZF).

Goldgroup announces that, subject to the final approval of the TSX Venture Exchange (the ‘TSXV‘), it has entered into an agreement with a private arm’s length British Columbia company under which it has agreed to sell all of the issued and outstanding Class ‘A’ shares and Class ‘B’ common shares in the capital (collectively the ‘Apolo Shares‘) of Minera Apolo, S.A. de C.V. (‘Apolo‘), which owns all the issued and outstanding shares of Minera Catanava, S.A. de C.V. (‘MC‘). Apolo and MC collectively hold a 100% interest in the Pinos gold/silver project (‘Pinos‘) located in Zacatecas State, the second largest mining state in Mexico. Pinos comprises 30 contiguous mining concessions over 3,816 hectares. The sale of Apolo is an Arm’s Length Transaction and there are no finder’s fees payable.

Ralph Shearing, Chief Executive Officer, commented: ‘Having received an unsolicited bid for Pinos, management determined that it would be the best use of the Company’s resources to dispose of the Pinos asset based on the Company’s recent acquisition of the San Francisco gold mine, which is a much larger and more advanced project than Pinos. The Company’s focus will be the continued development and optimization of our flagship Cerro Prieto heap-leach gold mine and advancing towards a re-start of gold production at the San Francisco gold mine (see news release dated December 24, 2025). Both assets are located within 44km in a straight line from each other in the state of Sonora, Mexico. The San Francisco gold mine represents a unique opportunity to consolidate a highly prospective gold district.’ Mr. Shearing further stated: ‘At this stage of our Company’s development, with Pinos being a non-core asset, management and the board of directors has elected to monetize Pinos with an attractive, high cash purchase offer, deploying the sale proceeds towards Cerro Prieto optimization and re-starting gold production at San Francisco.

Under the terms of the Share Purchase Agreement, Goldgroup has agreed to sell all the Apolo Shares to a private arm’s length British Columbia company (the ‘Purchaser‘) in consideration of the payment to Goldgroup of US$5,000,000 in stages, with US$2,450,000 deposit payable on signing which will be refunded if the transaction does not close by February 16, 2026, US$550,000 to be paid on closing and US$2,000,000 to be secured by a Promissory Note and paid on or before the date that is six (6) months from the Closing Date. Further, the Purchaser has agreed to assume any and all liabilities of Goldgroup associated with Apolo, MC and the Pinos project, including the assumption of US$400,000 remaining payable on the original purchase agreement in addition to debt in the amount of US$1,500,000 payable to the previous owners of Apolo that will be triggered by the sale of Apolo. Goldgroup, the Purchaser and the previous owners of Apolo have also agreed to enter an Assumption and Acknowledgement Agreement under which the previous owners acknowledge and agree that they will have no further recourse against Goldgroup for any liabilities related to Apolo, MC and the Pinos project, all of which have been assumed by the Purchaser.

Cautionary Statement
The closing of the sale of Apolo is subject to the approval of the TSX Venture Exchange.

Clarification regarding Investor Relations Agreement
At the request of the TSXV, Goldgroup wishes to clarify its news release of October 13, 2025, regarding the retention of Machai Capital Inc. to provide digital marketing services on behalf of the Company. Goldgroup advises that it paid Machai Capital Inc. $200,000 as an upfront fee. Further Goldgroup advises that neither Machai Capital Inc. nor its principal Suneal Sandhu owned any securities of Goldgroup as at October 13, 2025.

About Goldgroup
Goldgroup is a Canadian-based mining Company with two high-growth gold assets in Mexico. In addition to the San Francisco gold mine, the Company has a 100% interest in the producing Cerro Prieto heap-leach gold mine located in the State of Sonora. An optimization and exploration program is underway at Cerro Prieto to significantly increase existing production and resources. The acquisition of Molimentales del Noroeste, S.A. de C.V. (‘Molimentales‘), the owner of the San Francisco gold mine is subject to final approval from the TSXV.

Goldgroup is led by a team of highly successful and seasoned individuals with extensive expertise in mine development, corporate finance, and exploration in Mexico.

For further information on Goldgroup, please visit www.goldgroupmining.com

On behalf of the Board of Directors

‘Ralph Shearing’
Ralph Shearing, CEO

For more information:
+1 (604) 306-6867
410 – 1111 Melville St.
Vancouver, BC, V6E 3V6
www.goldgroupmining.com
ir@goldgroupmining.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 press release.

CAUTIONARY NOTES REGARDING FORWARD-LOOKING INFORMATION
Certain information contained in this news release, including any information relating to future financial or operating performance, may be considered ‘forward-looking information’ (within the meaning of applicable Canadian securities law) and ‘forward-looking statements’ (within the meaning of the United States Private Securities Litigation Reform Act of 1995). These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Actual results could differ materially from the conclusions, forecasts and projections contained in such forward-looking information.

These forward-looking statements reflect Goldgroup’s current internal projections, expectations or beliefs and are based on information currently available to Goldgroup. In some cases forward-looking information can be identified by terminology such as ‘may’, ‘will’, ‘should’, ‘expect’, ‘intend’, ‘plan’, ‘anticipate’, ‘believe’, ‘estimate’, ‘projects’, ‘potential’, ‘scheduled’, ‘forecast’, ‘budget’ or the negative of those terms or other comparable terminology. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements.

Forward-looking information is subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to materially differ from those reflected in the forward-looking information, and are developed based on assumptions about such risks, uncertainties and other factors including, without limitation: receipt of all required TSXV, regulatory and other interested party approvals in connection with the Concurso Mercantilprocess; uncertainties related to actual capital costs operating costs and expenditures; production schedules and economic returns from Goldgroup’s projects; timing to integrate acquisitions (San Francisco Mine) and timing to complete additional exploration and technical reports; uncertainties associated with development activities; uncertainties inherent in the estimation of mineral resources and precious metal recoveries; uncertainties related to current global economic conditions; fluctuations in precious and base metal prices; uncertainties related to the availability of future financing; potential difficulties with joint venture partners; risks that Goldgroup’s title to its property could be challenged; political and country risk; risks associated with Goldgroup being subject to government regulation; risks associated with surface rights; environmental risks; Goldgroup’s need to attract and retain qualified personnel; risks associated with potential conflicts of interest; Goldgroup’s lack of experience in overseeing the construction of a mining project; risks related to the integration of businesses and assets acquired by Goldgroup; uncertainties related to the competitiveness of the mining industry; risk associated with theft; risk of water shortages and risks associated with competition for water; uninsured risks and inadequate insurance coverage; risks associated with potential legal proceedings; risks associated with community relations; outside contractor risks; risks related to archaeological sites; foreign currency risks; risks associated with security and human rights; and risks related to the need for reclamation activities on Goldgroup’s properties, as well as the risk factors disclosed in Goldgroup’s MD&A. Any and all of the forward-looking information contained in this news release is qualified by these cautionary statements.

Although Goldgroup believes that the forward-looking information contained in this news release is based on reasonable assumptions, readers cannot be assured that actual results will be consistent with such statements. Accordingly, readers are cautioned against placing undue reliance on forward-looking information. Goldgroup expressly disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, events or otherwise, except as may be required by, and in accordance with, applicable securities laws.

SOURCE: Goldgroup Mining, Inc.

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Zinc companies were supported in 2025 as prices rebounded during the second half of the year and, by the end of December, had crossed above US$3,000 per metric ton.

However, the metal still faces headwinds, as its biggest demand driver is its use in the production of galvanized steel destined for construction projects. Weak outlook comes amid diminishing expectations of a resurgence in the Chinese housing sector.

Additionally, US trade policy has softened demand, as uncertainty has dampened investor sentiment.

Although surpluses in the mined supply of zinc have narrowed, a significant amount of refined product remains in warehouses, which continues to contribute to an oversupply.

Data was gathered on December 24, 2025, using TradingView’s stock screener, and only zinc stocks with market caps greater than C$50 million at that time were considered. Read on to learn more about their operations and plans.

1. Teck Resources (TSX:TECK.A,TSX:TECK.B)

Market cap: C$31.25 billion
Share price: C$62.65

Teck Resources is a major global polymetallic miner, as well as one of the world’s top zinc producers. The company is headquartered in Vancouver, British Columbia.

The Canadian company produced 615,900 metric tons (MT) of zinc in concentrate in 2024, with 555,600 MT coming from its Red Dog zinc mine in Alaska, US. The remaining 60,300 MT came from Teck’s 22.5 percent share of zinc production from the Peru-based Antamina copper-zinc mine.

Teck’s total 2025 production guidance for the base metal is set in a range of 525,000 to 575,000 MT. As of September, the company’s zinc production for the year totaled 456,000 MT.

In addition to the sites mentioned, Teck owns the Trail operations, which it describes as “one of the world’s largest fully integrated zinc and lead smelting and refining complexes.” Located in BC, the Trail operations produced 256,000 MT of refined zinc in 2024, with 190,000 to 230,000 MT of the material expected in 2025.

In September, Teck agreed to combine with mining giant Anglo American (LSE:AAL,OTCQX:NGLOY) in a C$70 billion ‘merger of equals’ to create Anglo-Teck. The merged company would remain headquartered in Vancouver and become BC’s largest company ever.

Then on December 15, Canada’s federal government announced it had approved the deal after both companies committed to securing 4,000 Canadian jobs and spending C$4.5 billion over five years within Canada. The merger’s completion still requires approvals from other countries and regulatory reviews.

2. Foran Mining (TSX:FOM)

Market cap: C$2.62 billion
Share price: C$4.87

Foran Mining is a development company advancing its McIlvenna Bay project in Saskatchewan, Canada, toward production.

The property consists of 113 claims covering an area of 140,445 hectares near Flin Flon on Saskatchewan’s border with Manitoba.

A technical report from the project released in March 2025 demonstrated an indicated resource of 1.86 billion pounds of zinc at an average grade of 2.18 percent from 38.6 million metric tons of ore, plus an inferred resource of 260 million pounds at a grade of 2.6 percent from 4.5 million metric tons.

In December 2025, Foran announced that development on the project was 79 percent complete, advancing on schedule and on budget, and the company remained on track to begin commercial production in mid-2026. It also said that at the end of November, ore stockpiles had reached approximately 165,000 metric tons.

‘Pre-commissioning activities are well underway, and progress to date demonstrates the operational readiness of our team and infrastructure,’ Foran Executive Chairman and CEO Dan Myerson stated. ‘… 2026 (is) an important transition year for Foran as the Company moves into production, while advancing Phase 2 planning and continued exploration focused on unlocking district scale potential.’

3. Trilogy Metals (TSX:TMQ)

Market cap: C$1.14 billion
Share price: C$6.66

Trilogy Metals is focused primarily on copper, zinc and cobalt at its Alaskan Upper Kobuk projects, which are held by Ambler Metals, a joint venture operating company owned equally by Trilogy and South32 (ASX:S32,OTC Pink:SHTLF).

Its most advanced zinc project is the Arctic copper-zinc-lead-gold-silver volcanogenic massive sulfide project, which is in the feasibility stage and has proven and probable reserves of 43.44 million MT grading 3.12 percent zinc.

In addition, early stage 2023 field work at the company’s wholly owned Helpmejack project in Alaska’s Ambler belt outlined two target areas prospective for volcanogenic massive sulfide and shale-hosted zinc deposits.

Trilogy had been focusing on improving access to the region with its Amber Access project, but it was rejected by the US Bureau of Land Management under the Biden administration in June 2024 due to the impact the proposed road could have on the environment and communities in the region, which has seen little development.

However, the current Trump administration has enacted a series of executive and secretarial orders focusing on developing Alaska’s natural resources, leading to the reversal of the decision.

On October 24, the company announced that the Alaska Industrial Development and Export Authority had issued a right-of-way permit for the road, re-establishing federal authorization for the project.

‘The execution of these federal permits marks a pivotal milestone for the Ambler Road and the State of Alaska,’ Trilogy Metals President and CEO Tony Giardini said.

4. Fireweed Metals (TSXV:FWZ)

Market cap: C$579.91 million
Share price: C$2.73

Fireweed Metals is a critical metals company whose flagship Macmillan Pass zinc project is located in Canada’s Yukon. In 2023, the company acquired the Gayna River zinc project in the Northwest Territories, as well as the Mactung tungsten project, which is adjacent to Macmillan Pass and straddles the border between Yukon and the Northwest Territories.

In November 2023, the Fireweed team, led by Dr. Jack Milton, the firm’s vice president of geology, received the Association for Mineral Exploration’s H.H. ‘Spud’ Huestis Award for its work at the Macmillan Pass property.

In September 2024, after its largest regional exploration campaign ever at Macmillan Pass, the company released an updated resource estimate for the Tom and Jason deposits, as well as inaugural resource estimates for the Boundary zone and End zone deposits.

Fireweed launched its 2025 field program in early June, planned to include 12,000 meters of diamond drilling at Macmillan Pass and 3,000 meters at Gayna.

On September 23, Fireweed reported one of the best assays ever recorded at Macmillan Pass from a 115 meter step-out hole at the Tom South target, which hosted a 54.82 meter intersection grading 18.2 percent zinc, including an interval of 7.1 meters with 32.82 percent zinc.

Then, in an update on December 11, the company announced its inaugural drilling at Gayna intersected zinc mineralization, with a highlighted assay of 51.22 meters grading 4.4 percent zinc, including 24 meters with 7.3 percent.

‘Our first season of drilling at Gayna successfully intersected significant zinc and lead mineralization at the Intrepid target, validating the prospectivity of the project,’ Fireweed Metals President and CEO Ian Gibbs said.

5. Emerita Resources (TSXV:EMO)

Market cap: C$167.89 million
Share price: C$0.57

Emerita Resources has a portfolio of high-grade, large-scale polymetallic projects covering more than 26,000 combined hectares in Spain’s Iberian Pyrite Belt. The company’s flagship asset is the Iberian Belt West project, which hosts three massive sulfide deposits: La Infanta, La Romanera and El Cura.

Emerita released a resource estimate for Iberian Belt West in May 2023. It finished environmental baseline studies the following month, and completed supporting documentation for its mining license application in December 2023.

In July 2024, the Andalusian government granted Iberian Belt West a declaration of strategic interest, which will streamline the process of moving the project through development.

Phase 2 metallurgical testing results for the La Romanera and La Infanta deposits released in late 2024 show that commercial-grade copper, lead and zinc concentrates can be obtained from both deposits.

In March of this year, Emerita announced an updated resource estimate for Iberian Belt West, showing a 35 percent increase to the total indicated mineral resource tonnage and a 44 percent increase in total inferred mineral resource tonnage.

The total indicated resource stands at 547,000 metric tons of zinc, with an average grade of 2.88 percent zinc, from 18.96 million metric tons of ore, and the inferred resource is 221,000 metric tons from 6.8 million metric tons grading 3.25 percent zinc.

The company has continued to explore the site through the rest of 2025. On October 17, the company announced it had extended the El Cura deposit by 90 meters and highlighted one intersection measuring 4.1 meters with a grade of 8.5 percent zinc.

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

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TORONTO, ON / ACCESS Newswire / December 31, 2025 / 55 North Mining Inc. (CSE:FFF,OTC:FFFNF)(FSE:6YF) (‘55 North‘ or the ‘Company‘) is pleased to announce the appointment of Wayne Parsons as Executive Chair of the Board, effective January 1, 2026.

Mr. Parsons brings over 20 years of experience in the investment business, having worked at BMO, RBC and most recently at National Bank Financial. He has since established a consulting practice focused on the mining sector and provides strategic advisory services to mining companies focused on capital markets strategy, financing execution and investor engagement. Mr. Parsons has served on a number of boards, most recently with Bunker Hill Mining Corp.

‘Wayne’s skills and experience are exactly what 55 North needs as we advance this project toward production,’ said Bruce Reid, Chief Executive Officer of 55 North Mining. ‘He is well connected globally and will be a tremendous help in connecting us with the right people to get this project financed. We met in the early days of Bunker Hill Mining, and when that project encountered challenges, Wayne stepped in, personally funded the recapitalization, and helped assemble the team to move it forward. His reputation will be highly valuable to our future success.’

The Company believes Mr. Parsons’ appointment significantly strengthens its leadership and positions 55 North to execute on its strategy of advancing the Last Hope Gold Project toward development and production.

About 55 North Mining Inc.

55 North Mining Inc. is a Canadian exploration and development company advancing its high-grade Last Hope Gold Project located in Manitoba, Canada.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Mr. Bruce Reid
Chief Executive Officer
55 North Mining Inc.
Phone: 647-500-4495
bruce@mine2capital.ca

Mr. Vance Loeber
Corporate Development
Phone: 778-999-3530
cvl@tydewell.com

CAUTION REGARDING FORWARD-LOOKING INFORMATION

This news release of 55 North contains statements that constitute ‘forward-looking statements.’ Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements.

SOURCE: 55 North Mining Inc.

View the original press release on ACCESS Newswire

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