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The U.S. Department of Energy (DOE) announced Friday that Secretary of Energy Chris Wright has designated helium as a critical material under the Energy Act of 2020.  

The designation advances the Trump Administration’s commitment to freeing America from reliance on foreign sources of critical materials, strengthening domestic manufacturing, supporting American jobs, and securing the materials essential to U.S. economic and national security, the DOE said.   

DOE determined that helium meets the statutory definition of a critical material due to its essential role in American manufacturing and growing exposure to supply chain risks. Helium’s unique properties make it indispensable to semiconductor production, with no viable substitutes in many critical applications.  

Helium in the US is produced as a byproduct of natural gas processing in Kansas, Texas, Wyoming, Colorado, Arizona, New Mexico and Oklahoma.  Kansas leads production, with plants refining crude and Grade-A helium from natural gas in fields in the Hugoton and Greenwood areas. Texas has large production and storage infrastructure, including the Panhandle-Hugoton fields, the Cliffside field, and storage caverns near Beaumont.  

“Helium is essential to producing the semiconductors and advanced technologies that power our economy,” US Secretary of Energy Chris Wright said in a news release.

“By designating helium as a critical material, we are taking another step toward securing our supply chains, creating American jobs, and ensuring the United States leads the world in energy and technological innovation.” 
 
 
Global demand for helium is growing faster than production, increasing supply risks for American manufacturers. Despite the nation’s abundant helium resources, limited refining capacity and lengthy permitting timelines continue to constrain US production.   

Source: https://www.mining.com/us-department-of-energy-names-helium-to-critical-materials-list/

Copper prices bounced on Friday after a sharp decline in the previous session as stock markets stabilised and the build-up of inventories slowed.

Three-month copper on the London Metal Exchange CMCU3 gained 1.8% to $14,334 a metric ton by 1615 GMT, having slid 1.9% to a five-week low in the previous session.

Metals markets were supported as a rout in global tech shares eased after concerns over the enormous funding needs of AI had hammered Wall Street.

“Today we’ve got the Nasdaq futures bouncing after that selloff yesterday and that’s probably why we’re seeing some metals investors getting back in,” said Ole Hansen, head of commodity strategy at Saxo Bank in Copenhagen.

Investors were still nervous and there was the risk of further losses in copper, especially if prices broke below the September low of $13,925, he said.

Worries about excess inventories abated after daily data showed on Friday that LME copper stocks rose by 800 metric tons, having jumped by a fifth over the past week to 273,750 tons.

In China, inventories in warehouses registered with the Shanghai Futures Exchange tumbled by 26.5%, weekly data showed on Friday.

Investors were still concerned about the overhang of stocks in the United States, which has attracted huge flows of copper due to speculation about the government imposing tariffs, Hansen said.

“That massive pile of copper in the US is clearly weighing on prices given the risk of re-exporting that copper into the rest of the market,” Hansen said.

Nickel CMNI3 was the worst performer on the LME, declining 1.6% to $15,865 a ton as traders awaited clearer signals from Chinese companies considering coordinated output cuts at their Indonesian operations.

The International Nickel Study Group last week forecast a small global surplus this year, reversing an earlier deficit forecast.

Among other metals, LME aluminium CMAL3 gained 1.2% to $3,044 a ton, zinc CMZN3 advanced 2.2% to $3,752, lead CMPB3 added 0.6% to $1,909 and tin CMSN3 rose 1.2% to $50,700.

(Reporting by Eric Onstad; additional reporting by Dylan Duan and Lewis Jackson in China; editing by Joyjeet Das)

Source: https://www.mining.com/web/copper-price-rebounds-as-inventories-stock-markets-stabilize/

Bob Moriarty of 321gold.com shares his perspective on why Sage Potash now looks like a giant after the second hole lifted resources sharply, and the market sold it off anyway.

‘ve visited hundreds of resource sites across decades of travel, and that experience shapes how I view SAGE POTASH (SAGE:TSXV; SGPTF:OTCQB) today. The latest resource update shows a massive increase that should command attention, yet the shares traded lower on the news.

My background of seeing many different deposits helps me spot straightforward geological patterns others might miss. Potash forms in ancient lake basins where salts settle in layers, and this setting allows wide spacing between holes while still supporting strong resource categories.

The company released its second hole results on October 19, 2026, and the numbers jumped from 298 million tonnes all inferred to 771.5 million tonnes total. Measured and indicated material reached 226.1 million tonnes at a grade above 40%, which ranks among the better deposits globally.

The qualified person applied clear radius rules to arrive at those figures. Measured used a zero to 750 meter influence. Indicated covered 750 to 2000 meters and inferred extended from 2000 to 4000 meters. That approach turned one prior hole into a far larger outline without any change in drilling density.

Last year, the company issued a preliminary economic assessment based on the first hole alone. It carried an after-tax net present value of US$502 million. Scaling the same assumptions by the 259% resource gain points toward a new valuation near US$1.3 billion once the next study arrives. At a current market capitalization of around CA$20 million, the gap appears wide.

Trading volume spiked above 2.6 million shares the day the resource came out, and the price fell from CA$0.115 to a low of CA$0.09. Some of that pressure came from former insiders who left during a management change and chose to sell to the news. The stock had already traded near CA$0.50 with only the initial hole complete, so the drop after better data struck me as odd.

Domestic supply remains limited. The United States imports most of its potash from Canada, and the administration designated the mineral critical in March 2025 with an order aimed at boosting local output. That policy backdrop could open doors for funding or partnerships on a project this size.

Two routes stand out. Large-scale developments need substantial capital, and government support may help move the project forward. At the same time, a handful of major producers dominate the potash market, and they watch assets like this closely. The outlined resource already supports many years of output and billions in revenue, so an acquisition at a premium remains possible.

The company continues to advance studies and will eventually deliver a pre-feasibility report. When that document appears, the market should recognize the scale. I added to my position during the recent selling, and I continue to hold shares bought earlier. The main issue remains low visibility rather than any flaw in the geology or numbers.

Key Investor Takeaways

• The second hole expanded the resource 259% to 771.5 million tonnes, with 226.1 million tonnes now in measured and indicated.
• Grade exceeds 40%, placing the deposit among the higher quality examples worldwide.
• The 2025 PEA showed a US$502 million after-tax NPV on the first hole alone, and scaling suggests over US$1.3 billion on the new resource.
• Market cap near CA$20 million leaves substantial room relative to the updated valuation once further studies arrive.
• U.S. policy now treats potash as critical, which may support domestic development through direct or indirect means.
• Major producers could view the outlined resource as attractive for acquisition at a premium.
• Shares traded lower on the resource release due to selling by former insiders rather than any change in project merit.

Common Questions from Investors

How did the company justify the measured and indicated categories?

The qualified person applied specific radius of influence distances around each hole as described in the October 19 2026 release.

Does the PEA already include the new resource?

No, the US$502 million NPV came from the first hole only, and a fresh study will incorporate the larger total.

Why did the shares decline on positive news?

Volume from former employees selling after the management transition created temporary pressure.

What government action affects the project?

The March 2025 executive order named potash a critical mineral and encouraged increased domestic output.

When will the next study appear?

The company plans to complete a pre-feasibility study at a future date that has not yet been announced.

I bought additional shares on the recent weakness. Sage Potash is an advertiser, so I am biased, and readers should conduct their own due diligence.

Important Disclosures:

1. As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Sage Potash Corp.
2. Bob Moriarty: I, or members of my immediate household or family, own securities of: Sage Potash Corp. My company has a financial relationship with: Sage Potash Corp. My company has purchased stocks mentioned in this article for my management clients: None. I determined which companies would be included in this article based on my research and understanding of the sector.
3. Statements and opinions expressed are the opinions of the author and not of Streetwise Reports, Street Smart, or their officers. The author is wholly responsible for the accuracy of the statements. Streetwise Reports was not paid by the author to publish or syndicate this article. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Any disclosures from the author can be found  below. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy. 
4.  This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. 

For additional disclosures, please click here.

Source: https://www.streetwisereports.com/article/2026/10/22/sage-potash-resource-jumped-259-and-i-am-buying.html

Agreement generates non-dilutive funding; PEA evaluating direct shipping planned for H1 2027

VANCOUVER, British Columbia, Oct. 21, 2026 (GLOBE NEWSWIRE) — Blue Jay Gold Corp. (TSXV: JAY) (OTCQB: JAYGF) (FSE: JAY) (“Blue Jay” or the “Company“) is pleased to announce a materials purchase agreement with Ocean Partners UK Limited (“Ocean Partners“), an international trader of base and precious metal concentrates, in support of its Steller Gold Project (“Steller” or the “Project“), located 55 km south of Whitehorse, Yukon. The materials purchase agreement (the “Agreement“) provides for the sale of the Company’s remediation material (the “Remediation Material“) and gives Ocean Partners exclusivity over the purchase of any further remediation stockpile and similar material from Steller during 2027.

The Remediation Material consists of surface stockpile material extracted by a previous operator during underground development at Skukum Creek. This material will be shipped to the Port of Skagway under the agreement with Ocean Partners.

Highlights

• Work that Should be Done: Removing this material reduces the historical legacy stockpiles at Steller and advances part of the Company’s remediation program. Shipping it to Skagway makes the remediation work more sustainable, turning a remediation obligation into a source of non-dilutive capital.
• 2027 Exclusivity: Ocean Partners will have exclusivity over the purchase of any further remediation stockpile and similar material from Steller during 2027.
• PEA Planned: Blue Jay intends to complete a Preliminary Economic Assessment (“PEA“) in the first half of 2027 evaluating a direct shipping ore (“DSO“) option for the current Steller Mineral Resource under a life-of-mine scenario.
• Infrastructure Advantage: Steller is connected by road to both Whitehorse and the deep-water port of Skagway, Alaska. The Project is approximately 165 km by road from the point where the material will be delivered.
• Advance Payment on Delivery: Ocean Partners will pay 90% of the estimated value of each shipment shortly after loading, with the balance settled on final weights and assays.

“Projects with past operations often come with legacy stockpiles, and they create an opportunity to use progressive and novel approaches to rehabilitation. At Steller, geography gives us an elegant solution,” said Geordie Mark, CEO of Blue Jay Gold. “Our approach also highlights a part of Steller that is easy to overlook. Many projects have no simple way to deal with stockpiles. At Steller, we can truck the material from site to a nearby port and load it onto a ship. Doing this with Ocean Partners means the work generates capital for the Company instead of consuming it, and an Agreement that extends through 2027 shows that Ocean Partners sees longer-term value in Steller. This work also gives us an early indication of whether a lower-impact direct shipping approach could work at Steller. That access is a real advantage for the Project, and it is why we intend to complete a PEA in the first half of 2027 that evaluates development options, including direct shipping. This shipment gives us a working test of the logistics that approach would rely on, while our exploration capital stays focused on drilling.”

Brent Omland, CEO of Ocean Partners, added, “Direct shipping of remediation material is one of the products Ocean Partners trades, and Steller has the attributes, with its high-grade gold and silver mineralization, a past-producing mine and road access to a deep-water port, that make it a good fit. The remediation material gives us a practical place to start working together, and our exclusivity through 2027 reflects our confidence in the Project. We look forward to supporting Blue Jay as it advances Steller and considers the options available to bring its material to market.”

Infrastructure and Logistics

Steller is accessed by an approximately 84 km road from Whitehorse and sits approximately 20 km north of the British Columbia border. The material will be collected and trucked by existing highway to Skagway, Alaska, an established port on the Pacific coast. Delivery would take place at Skagway and then shipped to Ocean Partners’ facilities.

Materials Purchase Agreement

Under the Agreement, Ocean Partners will purchase 100% of stockpiled and similar material to the end of 2027. Material will be delivered free on board at Skagway, with payment based on a grade-based payability scale. Ocean Partners will advance 90% of the estimated value of each shipment shortly after loading, with the balance settled on final weights and assays.

Preliminary Economic Assessment

Blue Jay intends to complete a PEA in the first half of 2027 that evaluates a DSO option for the current Mineral Resource Estimate at Steller under a life-of-mine scenario. The Mineral Resource Estimate, prepared by P&E Mining Consultants Inc. with an effective date of October 31, 2025, includes Indicated Mineral Resources of 1,372,000 tonnes grading 9.06 g/t AuEq for 400,000 ounces AuEq and Inferred Mineral Resources of 2,166,000 tonnes grading 6.45 g/t AuEq for 449,000 ounces AuEq, at a 3.0 g/t AuEq cut-off1. Practical experience from shipping the 2026 Remediation Material, including logistics, sampling and commercial terms, is expected to inform the PEA.

The 2026 Remediation Material is not a mineral resource or mineral reserve under National Instrument 43-101 (“NI 43-101”). The Company has not based any decision on a feasibility study of mineral reserves demonstrating economic and technical viability, and there is increased uncertainty and economic and technical risk associated with the bulk sample program.

1. 2026 Technical Report. TECHNICAL REPORT AND UPDATED MINERAL RESOURCE ESTIMATE OF THE STELLER GOLD PROJECT, WHITEHORSE MINING DISTRICT, YUKON TERRITORY, CANADA. P&E Mining Consultants Inc. Effective Date: Oct. 31, 2025. Cut-off: 3.0 g/t AuEq. Au: US$2,850/oz. Ag: US$34.20/oz. AuEq ratio = Au:Ag 85.6:1

Next Steps

Blue Jay expects to ship the Remediation Material in the near term. The Company will engage a consultant and begin work on the PEA this quarter. Blue Jay will continue to evaluate further remediation pathways in consultation with its partners and stakeholders. Proceeds from the sale of the 2026 Remediation Material will be used to fund exploration at Steller and for general working capital.

Qualified Person

The scientific and technical content of this news release has been reviewed and approved by Freeman Smith, P.Geo., VP Exploration of Blue Jay Gold Corp., who is a Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

About Ocean Partners

Ocean Partners UK Limited is part of the Ocean Partners group, a leading international trader of base and precious metal concentrates. Headquartered in the United Kingdom, with offices across North America, Europe, Asia and Latin America, Ocean Partners provides marketing, logistics, blending and warehousing, and financing services to metal producers worldwide.

About Blue Jay Gold Corp.

Blue Jay Gold Corp. is a Canadian gold exploration company focused on growing and discovering resources within established gold producing regions in Canada. The Company’s flagship asset is the 100%-owned Steller Gold Project in southern Yukon, an infrastructure-supported, past-producing mine with significant exploration upside and clear near-term catalysts. Blue Jay has also built a portfolio of projects in Ontario. With strategically located assets and a leadership team experienced in geology and capital markets, Blue Jay will advance disciplined, modern exploration programs focused on target definition, resource growth, and new discoveries in known gold-mineralized regions. For more information, please visit: www.bluejaygoldcorp.com.

ON BEHALF OF BLUE JAY GOLD CORP.

signed “Geordie Mark”
Geordie Mark, CEO

For additional information contact:

BLUE JAY GOLD CORP.

Geordie Mark
CEO
Blue Jay Gold Corp.
info@bluejaygoldcorp.com
Phone: (604) 235-4059

Eric Negraeff
Investor Relations
Blue Jay Gold Corp.
eric@bluejaygoldcorp.com
Phone: (604) 235-4059

Cautionary Note Regarding Forward-Looking Statements
Certain statements in this press release contain forward-looking information. Forward-looking information involves risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking information. In addition, the forward-looking statements require management to make assumptions and are subject to inherent risks and uncertainties. There is significant risk that the forward-looking statements will not prove to be accurate, that the management’s assumptions may not be correct and that actual results may differ materially from such forward-looking statements. These statements can be identified by the use of forward-looking terminology (e.g., “expect”, “estimates”, “intends”, “anticipates”, “believes”, “plans”). Forward-looking statements contained in this press release may include, but are not limited to, the terms and completion of the Agreement with Ocean Partners, the timing of shipments and the amount and timing of payments, Ocean Partners’ exclusivity over 2027 material, the timing, scope and results of the PEA, the potential for direct shipping at Steller, the Company’s remediation obligations and the evaluation of further remediation pathways, the use of proceeds, and future business plans of the Company. Such information involves known and unknown risks, including the receipt of regulatory approval, compliance with the bulk sample permit, fluctuations in gold and silver prices, variations in grade and tonnage, penalties for deleterious elements, transportation and port availability and costs, the ability to finalize definitive terms with Ocean Partners, the results of future financing and exploration activities, the interpretation of exploration results and other geological data, or unanticipated costs and expenses and other risks identified by Blue Jay in its public securities filings that may cause actual events to differ materially from current expectations. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Except as required by applicable securities laws and regulation, Blue Jay disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

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.

Bob Moriarty
Archives
Oct 21, 2026

I have a giant advantage over many of the financial commentators covering the junior resource markets. For about twenty years I spent 2-3 weeks a month traveling to different projects all over the world. Barb was quite happy to have me out of her hair so I got to see almost every sort of resource properties. I never counted how many sites I visited but it had to be in the 400-500 range.

The mining business is interesting because the level of education is higher than any other field, I know of. Everybody seems to have at least a Bachelor’s degree with many Master’s degrees and a surprising number of Doctorates. When I was a systems programmer in computers a lot of years ago, I ran into a similar percentage of very bright people but they were almost all self-taught as I was. Computer programmers do not share their knowledge but geologists love teaching what they know and theorize. So, I learned a lot.

That gives me a leg up because if you haven’t been to a whole lot of projects, there are simple issues you would have not experienced. Once I went to a big coal project in China with a 43-101 that was 100% Measured. I’d never seen that before, nor have I seen one since. But it was coal and that is why.

When you have a flat project with similar grade in many holes, the QP can change the requirement for each of the three classifications. Measured, the highest, indicated, lower than measured but higher than inferred, and inferred, the lowest category. In the case of the Chinese resource, I seem to recall they could drill holes on a 500 or 1 km center. So, it didn’t take a lot of holes to generate resources into the measured category.

Potash is the same. Sage Potash (SAGE-V) has a deposit in a large basin where it was once a large lake. Salt and other minerals flowed into the lake and settled at the bottom. Sage demonstrated this quality recently when they announced their 2nd drill hole resource on October 19th, 2026. If you go to page 3 of that press release you can see the new incredible resource of 771.5 million metric tonnes. And just below that table you can see how the QP justified the numbers.

For the Measured Resource, he used a radius of influence of 0-750 metres. For the Indicated Resource he used a radius of influence of 750-2,000 meters and for the Inferred Resource he used a radius of influence of 2,000-4,000 meters.

Drilling the 2nd hole has taken the 43-101 Resource from 298 million tonnes in the Inferred category to 771.5 million tonnes total. That’s a 259% increase in total resource with the higher regarded M&I resource showing a total of 226.1 million tonnes. In addition, the grade is one of the highest grade potash deposits in the world at over 40%.

(Click on image to enlarge)

Based on only the first hole, Sage delivered a PEA in September of 2025. It showed an after-tax NPV of $502 million. If you use the same guess but increase the 43-101 resource by 259% by all rights you should increase the new NPV when it is completed to $1.3 billion. For a company with a $20 million market cap, that seems absurdly cheap to me.

On the 19th when the new resource came out, the market was flooded with cheap shares that took the price down from $.115 to a low of $.09 on volume of over 2.6 million. Since there was an almost complete change of management in the past year over internal affairs, I suspect that a lot of former employees with a chip on their shoulder dumped their cheaply bought shares just to send a message. This stock was $.50 a share just over a year ago with only one hole complete. Frankly I thought the stunning new 43-101 number would double the price of the stock. Instead, it went down 25% and that makes no sense at all.

Few people know this but the US only produces a tiny amount of potash, most is imported from Canada. “On March 20, 2025, President Trump declared potash a “critical mineral” and called for an increase in domestic production to reduce import dependence and strengthen national security (EO 14241)”

I see two potential paths forward from here. First of all, readers need to be aware that this is actually a giant project. But giant projects require a lot of money to get into production. The US government appears to want to get involved in mining either directly or indirectly. They could fund this project to production. Alternatively, potash is not a commodity freely traded in any open market. There are only a few really big and powerful companies who control the potash marketplace today. I will guarantee they are watching Sage carefully. The resource they have already outlined represents many years of production and many billions in revenue. Any of them could come in and buy the entire company at a big premium and everyone would walk away happy.

Meanwhile the company is working to further advance the project and at some point, will produce a pre-feasibility study. When they do, the shares will fly.

I have bought a fair number of shares in the open market prior to this news. When I saw the fools dumping shares yesterday and today, I bought more. Sage is an advertiser. Naturally I am biased so do your own due diligence. Their only problem is a lack of visibility.

Sage Potash CorpSAGE-V $.115 Oct 20, 2026
SGPTF-OTCQB 171 million shares 
Sage Potash website

###

Bob Moriarty
President: 321gold
Archives

321gold Ltd

Source: http://www.321gold.com/editorials/moriarty/moriarty102126.html

VANCOUVER, British Columbia, Oct. 20, 2026 (GLOBE NEWSWIRE) — Riverside Resources Inc. (“Riverside” or the “Company“) (TSX-V: RRI) (OTCQB: RVSDF) (FSE: 5YY0), is pleased to announce that its subsidiary, Ravena Resources Corp. (“Ravena“), together with RRM Exploraciones, S.A.P.I. DE C.V., has completed an option agreement with 1559239 B.C. Ltd., operating as Calu Resources Corp (“Calu“) for the Cecilia Project in Sonora, Mexico. Under the agreement, Calu can earn 100% interest in the project by completing the business terms outlined below with a total earn-in work expenditure of $6,650,000. Ravena, the subsidiary of Riverside, will manage the exploration work and receive a 10% operations fee. The work will include an updated NI 43-101 report, followed by a firm commitment exploration program of at least C$150,000 in the first 12 months. Calu has made the initial payment of C$50,000 to Ravena to begin the option commitment. Calu is a new private company that intends to become public through a three-way amalgamation with Pender Capital. That transaction is described in a separate news release issued by Calu and Pender Street Capital Corp.

“Riverside is pleased to progress another property in its portfolio where Riverside retains a 2% NSR royalty and its subsidiary, Ravena Resources, receives option payments and acts as the operator of the exploration program,” said John-Mark Staude, CEO of Riverside Resources. “As we build our royalty portfolio, we are focusing on properties where discovery can add value to those royalties, particularly properties held through Riverside and, going forward, those included in the planned 2027 spin-out of Ravena Resources Corp. With more than C$6,500,000 in exploration expenditures under the earn-in, this agreement allows Cecilia to advance at no cost to Riverside.”

Option and Earn-In Terms

Under the Option Agreement, Calu may acquire a 100% interest in the Cecilia Project by making aggregate cash and share payments of C$1,200,000 and funding aggregate exploration expenditures of C$6,650,000 over five years, as follows:

Unless otherwise indicated, all amounts in this news release are expressed in Canadian dollars.

The initial C$50,000 cash payment and at least C$150,000 in exploration expenditures during the first 12 months are firm commitments of Calu under the Option Agreement. All remaining payments and exploration expenditures are optional, but Calu must complete them to keep the option in good standing and to exercise it.

Where permitted under the option agreement, Calu may elect, with at least 10 business days’ notice, to make all or part of a cash payment in Calu shares. The number of shares issued will be based on the 10-trading-day volume-weighted average price of Calu shares on a recognized stock exchange, subject to applicable securities laws and stock exchange policies. Shares will be issued fully paid and free of encumbrances, other than statutory resale restrictions.

Ravena will act as operator of all exploration programs on the Cecilia Project during the option period and will be entitled to a management fee equal to 10% of eligible exploration expenditures.

The Cecilia Project is subject to an existing 2.0% net smelter returns royalty in favour of 1412597 B.C. Ltd., a subsidiary of Riverside Resources Inc. Upon exercise of the option, Calu will grant Ravena an additional 0.5% net smelter returns royalty. Calu will have the right to purchase the entire 0.5% royalty from Ravena for US$1,500,000 in cash at any time prior to January 1, 2035.

Cecilia Project

The Cecilia Project is located in northeastern Sonora, Mexico, approximately 40 kilometres southwest of Agua Prieta, near the Mexico-United States border, and 100km due east of the Cananea large copper mining complex. Operations of Couer Mining, First Majestic, Agnico Eagle, Grupo Mexico, Penoles, Hylander Silver are all active in the area around the Project. Riverside’s exploration work has included drilling at four key targets that warrant follow-up exploration. Six additional targets are permitted for drilling and could host a new discovery as well. If exploration is successful, Riverside will benefit through its royalty interests in addition to the option payments. The main concession block includes the Cecilia 1 titled claim and collectively covers > 60 km2 of titled ground plus an additional 16 km2 of application ground for a total property area of approximately 7,583 hectares (76 km2). Further information about the property has been provided previously and is available on the Riverside website.

Northern Miner Interview

John-Mark Staude, President and CEO of Riverside, and Julian Manco, Vice President of Exploration for Ravena Resources, discuss the planned Ravena spin-out with The Northern Miner in a sponsored video interview recorded at the Precious Metals Summit: https://www.northernminer.com/stock-markets-investing/sponsored-riverside-readies-mexico-spinout/1003895457/.

Corporate News – Options Grant

On September 4, 2026 the Company granted incentive stock options to purchase an aggregate of 1,650,000 common shares of the Company to certain directors, officers, employees and consultants of the Company, in accordance with the Company’s Stock Option Plan. The options are exercisable at a price of $0.41 per share for a period of five years, expiring September 4, 2031. Options granted to Director’s vest in three equal installments of 33% on the six-month, twelve month and eighteen-month anniversaries. Options granted to certain officers, employees and consultants vest in four equal installments of 25% of the common shares on the three-month, six-month, nine-month and twelve-month anniversaries. The grant is subject to the policies of the TSX Venture Exchange.

Qualified Person & QA/QC

The scientific and technical data contained in this news release pertaining to the Project was reviewed and approved by Julian Manco, P.Geo, a non-independent qualified person to Riverside Resources Inc., who is responsible for ensuring that the information provided in this news release is accurate and who acts as a “qualified person” under National Instrument 43-101 Standards of Disclosure for Mineral Projects.

About Riverside Resources Inc.

Riverside is a well-funded exploration company driven by value generation and discovery. The Company has a solid balance sheet with no debt and fewer than 95M shares outstanding with a strong portfolio of gold-silver and copper assets and royalties in North America. Riverside has extensive experience and knowledge operating in Mexico and Canada and leverages its large database to generate a portfolio of prospective mineral properties. Riverside has properties available for option, with information available on the Company’s website at www.rivres.com.

ON BEHALF OF RIVERSIDE RESOURCES INC.

“John-Mark Staude”

Dr. John-Mark Staude, President & CEO

For additional information contact:

Certain statements in this press release may be considered forward-looking information, including statements regarding the Option Agreement, the planned exploration program, and payments and exploration expenditures to be made by Calu. These statements can be identified by the use of forward-looking terminology (e.g., “expects”, “estimates”, “intends”, “anticipates”, “believes”, “plans”). Such information involves known and unknown risks, including the risk that Calu does not complete the payments and exploration expenditures required under the Option Agreement, the risk that Calu’s proposed amalgamation with Pender Capital is not completed as contemplated, or at all, the value of any Calu shares issued as payment, availability of funds, the results of financing and exploration activities, the interpretation of exploration results and other geological data, unanticipated costs and expenses, and other risks identified by Riverside in its public securities filings, that may cause actual events to differ materially from current expectations. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.

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.

Prototype hits the maximum groundspeed permitted under FAA Part 107 without a waiver; Company is pursuing FAA authorization to test beyond it.

Demonstrated speed places the platform at the upper end of small one-way attack systems in the field today, as the Company continues toward initial prototype completion in Q4 2026 and scaled production in Q2 2027.

HAGERSTOWN, MD / ACCESS Newswire / October 20, 2026 / First Breach Inc. (NASDAQ:FBDT) (“First Breach” or the “Company”), an American-made defense technologies company focused on vertically integrated ammunition production and next-generation unmanned aerial systems, today announced that its proprietary drone prototype has reached a speed of 161 km/h (100 mph) in flight testing without a payload, the maximum groundspeed the Federal Aviation Administration permits for small unmanned aircraft under Part 107 without a waiver. The Company is in the process of obtaining FAA authorization to test at speeds above that limit.

“We did not stop at 100 mph because the aircraft ran out of margin. We stopped because the rulebook did,” said Jeffrey Low, Co-Founder and Chief Executive Officer of First Breach. “This is a platform that was flying tethered a few months ago. Today it is operating at the regulatory ceiling for its class, and we are working with the FAA to find out how much is left above it. For the defense customers we are building for, speed is survivability and mission tempo, and this airframe has both to spare.”

The 161 km/h (100 mph) result was achieved on the current prototype configuration, with no payload, and exceeds the 120 km/h (74 mph) maximum speed the Company published in its prior specifications for the platform. Hellbender has initiated the process of obtaining FAA waivers that would permit testing above that threshold and expects to characterize the platform’s full speed envelope once that authorization is in place.

“Range, payload, and the ability to fight through jamming are what win these programs, and speed is what makes each of those harder to stop,” said Jordan Low, Co-Founder, President and Chief Operating Officer of First Breach. “Together with Hellbender, we have built a platform that outruns most of what is flying in its class and simple enough to produce at the rate the Department of War is asking for. The FAA waiver process runs in parallel with the production ramp. Neither waits on the other.”

The Company continues to target completion of its initial prototypes in the fourth quarter of 2026 and the start of scaled production in the second quarter of 2027, with a targeted production capacity of more than 2,500 drones per week as manufacturing operations expand.

About First Breach

First Breach Inc. is an ISO 9001:2015 certified, American-made defense technologies company focused on manufacturing match-grade ammunition components, finished ammunition, and developing next-generation unmanned aerial systems for commercial, law enforcement, and military markets. The Company manufactures its products in-house at its Hagerstown, Maryland facility, where it produces brass cups, casings, projectiles, lead cores, lead wire, and completed ammunition with rigorous quality control standards. First Breach is also advancing its drone strategy through the development of U.S.-made unmanned systems, leveraging advanced engineering, robotics, ISR and sensor technologies, and precision manufacturing capabilities to address evolving defense, homeland security, law enforcement, and commercial requirements across domestic and international markets.

For more information, please visit: First Breach Inc.

About Hellbender

Hellbender, Inc. is a Pittsburgh-based engineering and advanced manufacturing company specializing in physical AI, computer vision, drones, robotics, electronics design, and automated manufacturing. Operating from approximately 90,000 square feet of facilities, the company provides integrated product development capabilities spanning engineering, prototyping, printed circuit board assembly, advanced sensor integration, robotic manufacturing, and production testing. More than 25% of Hellbender’s workforce consists of military veterans, supporting its commitment to American manufacturing and technical innovation.

For more information, please visit: Hellbender

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not historical facts and include statements regarding the Company’s expectations, beliefs, plans, objectives, strategies, future events, future performance, business prospects, growth initiatives, acquisitions, market opportunities, capital resources, operational objectives, and other statements that are predictive in nature. Forward-looking statements may be identified by the use of words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “seek,” “should,” “target,” “will,” “would,” and similar expressions, although not all forward-looking statements contain these identifying words.

Forward-looking statements are based on management’s current expectations, assumptions, and beliefs regarding future developments and their potential effect on the Company. These statements are not guarantees of future performance and involve known and unknown risks, uncertainties, assumptions, and other factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied by such forward-looking statements.

Factors that could cause actual results to differ materially from those expressed or implied by forward-looking statements include, but are not limited to, changes in economic, business, market, competitive, regulatory, technological, legal, and geopolitical conditions; the Company’s ability to execute its business strategy; access to capital and financing; customer demand; industry developments; and other risks and uncertainties described from time to time in the Company’s filings with the U.S. Securities and Exchange Commission, which are available for review at www.sec.gov.

Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date they are made. Except as required by applicable law, the Company undertakes no obligation to update, revise, or publicly disclose any revisions to any forward-looking statements to reflect events, circumstances, or changes in expectations occurring after the date of this press release.

Investor Relations

Frank Pogubila
Partner
Integrous Communications
Phone: 951.946.5288
Email: fpogubila@integcom.us
Website: www.firstbreach.com

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SOURCE: First Breach

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