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Base Metals Energy Junior Mining Precious Metals Project Generators

Riverside Resources Corporate Outlook and Milestones for 2026

Vancouver, British Columbia–(Newsfile Corp. – January 12, 2026) – Riverside Resources Inc. (TSXV: RRI) (OTCQB: RVSDF) (FSE: 5YY0) (“Riverside” or the “Company“), is pleased to outline its 2026 corporate outlook and work programs while highlighting key milestones achieved during 2025. Building on a year that saw the successful spin-out of Blue Jay Gold Corp., advancement of partner-funded work in Mexico, and a strategic investment of C$3.7 million which included Rick Rule and Sprott Wealth Management. Riverside now enters 2026 positioned to advance its key assets in the project generator and royalty portfolios.

Riverside maintains a solid balance sheet with strong cash, no debt and solid share structure with approximately 93 million shares outstanding following the December 2025 private placement. The recently completed non-brokered financing with strategic shareholders, including Rick Rule, Sprott Wealth Management, and Metallum, provides additional capital to advance key exploration, royalty, and transactional initiatives in 2026 while preserving the Company’s disciplined approach to share structure and capital allocation.

With a portfolio of projects in Canada and Mexico, a growing royalty platform anchored by Tajitos and Sugarloaf Peak (Arizona Metals Corp), and third-party funding from partners such as Questcorp Mining, Riverside will continue to focus on transactions and exploration programs that can create meaningful leverage for shareholders without overextending the treasury. This includes adding more assets this year, derisking key ones, and advancing partner-funded exploration programs as well as self-funded mineral exploration. Riverside also holds a portfolio of equity securities in partner and former partner companies which is separate from and in addition to the Company’s cash position.

“2025 was a pivotal year for Riverside as we delivered on several of the major objectives we laid out at the start of the year,” said John-Mark Staude, President and CEO of Riverside. “We completed the spin-out of Blue Jay Gold to our shareholders, marking the second time we have executed a successful spinout, the first being Capitan Silver, which also delivered a strong 2025 for its shareholders. Riverside secured an option agreement with Questcorp that funds exploration and first-phase drilling at the Union Project, and we strengthened our balance sheet through the completed strategic year-end financing. These actions place us in a strong position for 2026.”

“In 2026, we intend to keep doing what has worked for Riverside: emphasis on focused capital management, advance our best projects with our own capital and with third-party partner funding where prudent, and grow our royalty and equity portfolio exposure to potential discoveries and future value generation transactions. Our goal remains simple and opportunity-driven: to execute disciplined transactions, grow and advance our royalty interests, and pursue an exploration plan that fits Riverside’s model, while focusing on the best opportunities and working to deliver meaningful results over time.”

For an overview of Riverside’s 2025 progress and what we’re focused on heading into 2026, we encourage you to watch a short update video from President and CEO, John-Mark Staude. In the video, John-Mark highlights key milestones from the year, how our partner-funded model is advancing the portfolio, and the main priorities we’re working toward next.

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2026 Strategic Goals and Potential Milestones

1. Canadian Assets

Advance British Columbia Gold and REE Portfolio
Continue systematic work at Red Jacket, Revel and Deer Park and related rare earth element and gold targets, with the objective of moving the British Columbia projects to more advanced exploration stages (including potential drill permitting, geophysics or partner exploration). The recent success of new mines in BC and higher commodity prices, combined with government and international strategic initiatives, makes for a good potential opportunity for Riverside.

In addition, China has implemented export controls and licensing requirements affecting certain rare earth materials, related products, and processing technologies, highlighting how concentrated and sensitive global REE supply chains remain. This reinforces why the Company intends to continue seeking REE opportunities that align with efforts to diversify supply and support strategic demand outside of China.

New Canadian Transactions
Riverside plans to assess additional BC and other Canadian opportunities using Riverside’s database and technical team to secure attractive entry terms with the potential for future royalties and spinouts. In Q1, the Company intends to use a portion of the capital raised in December with strategic investors to add key tenures and continue to grow Riverside’s Canadian business.

2. Mexico Exploration and Partnerships

Union Project
Complete assaying Union’s Phase 1 drilling program and plan the follow-up work to advance Union as the district-scale carbonate replacement region. The Company will continue exploring for gold and porphyry copper targets with Questcorp funding exploration under the option agreement.

Cecilia Project
Advance the Cecilia Project following positive Q4 2024 drilling and 2025 follow-up targeting, interpretations program by integrating geophysics, structural modelling, and district-scale targeting to position the project for additional drilling and actively marketing it for an option or partnership. In light of recent positive statements and actions by the Mexican government, including the granting of new open-pit mining permits and titles, Riverside is stepping up its partner-seeking opportunities.

Advance and De-risk other Projects in Mexico
Continue to progress and/or transact on the project portfolio through options, joint ventures, or asset sales, with the objective of providing shareholder return.

3. Royalty and Strategic Portfolio Growth

Leverage Existing Royalties
Riverside’s royalty portfolio is anchored by its 2% NSR on the Tajitos Gold Project operated by Fresnillo and the Sugarloaf Peak gold project operated by Arizona Metals, where ongoing technical and permitting work by the operators could move these assets closer to future production decisions, with further leveraged upside from royalties on Capitan Silver’s Cruz de Plata Project and Blue Jay Gold’s Ontario properties.

Originate New Royalties through Transactions
Structure new deals in Canada, Mexico and potentially in US jurisdictions where Riverside can retain NSRs and/or equity while transferring a portion of the capital burden to partners. Expanding the royalty portfolio including using the strong capital position of the Company.

4. Corporate Development & Capital Markets

Disciplined Deployment of New Capital
Allocate the December 2025 financing proceeds into focused work programs and corporate development, prioritizing opportunities with clear value catalysts in an effort to deliver shareholders further potential returns.

Active Market Presence
Continue regular outreach through conferences and targeted meetings, including key 2026 sector events, to broaden Riverside’s shareholder base and support liquidity. Attending key conferences including AME Roundup in Vancouver, January 26-29, 2026, and PDAC in Toronto, March 1-4, 2026.

2025 Recap and Highlights

Canada

Blue Jay Gold Spin-out and Ontario Portfolio
Riverside completed the spin-out of Blue Jay Gold Corp. under a court-approved plan of arrangement, distributing one Blue Jay share and one new Riverside share for every five Riverside shares held on the May 22, 2025 effective date. This transaction gave Riverside shareholders direct exposure to a dedicated gold explorer while Riverside retained a royalty on Blue Jay’s Ontario property portfolio.

British Columbia – Gold and REE Projects
Riverside advanced its BC portfolio with ongoing work at Red Jacket, Deer Park, Revel, and related projects, confirming strong analogues to the historic Yellowhead mining camp for Red Jacket and the Rossland mining camp at Deer Park as well as outlining a 12-kilometre-long carbonatite-style rare earth system at Revel that remains undrilled.

Mexico

Cecilia Gold Project
Riverside reported positive results from the Q4 2024 drill program at Cecilia, which tested multiple targets. These holes provided geologic context and allow for the next phase of exploration work at the: San Jose vein system, East Target, Mayra Vein and South Mesa Fault among other targets. Most of the targets drilled in 2025 returned encouraging geological and gold indicators, confirming a large, low-sulphidation epithermal system.

The 2025 work focused on integrating structural, geochemical and geophysical data to better understand the scale and orientation of mineralization and expanded the targets setting the project up for the next exploration work.

Union Project – Questcorp Option & First-Year Work
Riverside executed a definitive option agreement with Questcorp Mining (QQQ.CSE) on the 2,520-hectare Union Project in Sonora. The agreement provides for up to C$5.5 million in exploration expenditures and a staged path for Questcorp to earn in, while Riverside retains a royalty and became a shareholder of Questcorp. Under the terms of the agreement, Riverside will act as the exploration Operator for the project.

Questcorp issued 6,285,722 shares to Riverside (9.9% of Questcorp) and made cash payments. Following this, Riverside’s Mexico-based team began pre-drilling preparations, including contractor selection and geophysics to refine drill targets in the CRD-porphyry system. In late 2025, Riverside and Questcorp completed a partner-funded Phase 1 drill campaign of 12 holes totaling over 1,600 metres at Union, with assays pending for the first quarter of 2026.

Other Mexican Assets and Royalties
The Company continued to advance its broader Mexican portfolio, including Cuarentas (drill permitted), Valle and the Ariel porphyry copper prospects, maintaining optionality for future joint ventures, sales or additional royalties.

Riverside’s royalty portfolio remained an important part of the value proposition, including the 2% NSR on the Tajitos Gold Project operated by Fresnillo and the 2% NSR on Arizona Metals’ Sugarloaf Peak gold project in Arizona, both of which continued to see operator-led technical and evaluation work through 2025.

Corporate & Financial

On December 1, 2025, Riverside closed a C$3.7 million non-brokered private placement with long-term strategic investors which included Rick Rule, Sprott Wealth Management and Metallum. The 18,460,000 units included half-warrants exercisable at C$0.30 for two years, adding potential future capital while keeping the structure straightforward. Following the financing, Riverside has 93 million shares outstanding and no debt, providing flexibility for 2026 programs and transactions.

Qualified Person & QA/QC
The scientific and technical information contained in this news release has been reviewed and approved by Freeman Smith, P.Geo, a non-independent qualified person to Riverside Resources, who is responsible for ensuring that the geologic and technical 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 tight share structure with a strong portfolio of gold-silver, copper and REE assets and royalties in North America. Further information about Riverside is available on the Company’s website at www.rivres.com.

ON BEHALF OF THE BOARD OF RIVERSIDE RESOURCES INC.

“John-Mark Staude”

Dr. John-Mark Staude, President & CEO

For additional information contact:

John-Mark Staude
President, CEO
Riverside Resources Inc.
info@rivres.com
Phone: (778) 327-6671
Fax: (778) 327-6675
Web: www.rivres.com		Eric Negraeff
Investor Relations
Riverside Resources Inc.
Eric@rivres.com
Phone: (778) 327-6671
TF: (877) RIV-RES1
Web: www.rivres.com

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, use of proceeds, obtaining regulatory approval for the Offering and future business plans of the Company. Such information involves known and unknown risks, including the receipt of regulatory approval, 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 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. Except as required by applicable securities laws and regulation, Riverside 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 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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/280000

Categories
Base Metals Junior Mining Precious Metals Project Generators

Questcorp and Riverside Make New Gold Discovery in Initial Drill Results from Luis Hill and Famosa Targets at Union Project, Sonora, Mexico

Vancouver, British Columbia–(Newsfile Corp. – January 13, 2026) – Questcorp Mining Inc. (CSE: QQQ) (OTCQB: QQCMF) (FSE: D910) (the “Company” or “Questcorp“) along with its partner Riverside Resources Inc. (TSXV: RRI) (OTCQB: RVSDF) (FSE: 5YY0) (“Riverside”), is pleased to announce a new discovery of potential Carlin-like gold mineralization at the Luis Hill target within the La Union Project in Sonora, Mexico.

Initial drilling in the Luis Hill target returned a 42m @ 0.3 g/t gold drill-width intersection of sediment-hosted gold mineralization in black shales and carbonate strata—a style not previously recognized at the Union Project. This was the only hole drilled into the Luis Hill target during the initial H2 2025 drill program.

Highlights of the Drill Program:

  • Target Reporting: This release reports results from Luis Hill, Famosa, and Famosa Mag targets.
  • New Discovery: Discovery of previously unknown Carlin-like gold mineralization in black shales and carbonate strata at Luis Hill, returning 0.3 g/t gold over 42m. Results to date show sulfides, mineralization types, and intrusions aligned with a carbonate-hosted metal system.
  • Program Scale: Completed 12 core holes totaling >1,600 m across six targets: the past-producing Union, Union Norte, and Famosa Mine, as well as Cobre, Luis Hill, and Famosa EM.
  • Assays Pending: Over 700 half-core samples have been shipped; further assays are pending for Union, Union North and Cobre targets.
  • Strategic Orientation: Holes were oriented at angled and near-vertical positions to cut stratigraphy and structures typical of Carbonate Replacement Deposit (CRD) systems, focusing beneath oxidized horizons generally <150 m in depth.

Questcorp President & CEO, Saf Dhillon stated, “We are incredibly pleased with the work from the team at Riverside Resources. This story is starting to evolve quite efficiently, especially considering a first phase of drilling is more of a data gathering process that is utilized primarily to hone future work programs. Hitting a number of gold anomalies in the early stages is very promising as we continue to work towards making a new potential discovery in the rich Sonora Gold Belt. I believe 2026 could be an inflection point for the success and growth of both Questcorp and Riverside!”

Figure 1- Luis Hill cross section with drill hole 9.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10197/280127_3a05f3b904909978_001full.jpg

TargetHole_IDStarting atLength (m)Au_ppmComments
Luis HillUND25-009198.2542.700.286Shale hosted, silicification, CRD style alteration
  
Famosa Targets
Famosa MineUND25-00419.1014.90Test CRD mineralization (Manto)
   
UND25-00539.101.850.345
UND25-01111.5011.85Test CRD Mineralization (Manto) at Famosa Mine
UND25-0129.6517.45
Including14.902.000.162
Famosa EMUND25-010146.401.650.134Test EM Geophysics anomaly
 

Table 1- Assay results table with gold for Luis Hill hole 9, Famosa Area holes 4, 5, 10, 11, 12.

Riverside CEO, John-Mark Staude, states,

“Riverside is pleased to be working with Questcorp on the Union Project and these first 6 drill holes, representing half of the program so far is exciting and sets up for the next news release of the next 6 holes of the overall 12-hole program. Hole 9 into the Luis Hill exploration target is an exciting start finding a new western area that has scale and could be a great step for the program. Drilling at Famosa was positive for the structure and further drilling is warranted along strike north and south for over 1 km is wide open for discovery there and past assay results in earlier news releases of high-grade gold and past mining, make the Famosa area a priority as well. We are excited for a good 2026 and next exploration phase at Union.”

Luis Hill Target Detail

Hole 9 was drilled vertically in the southern area of a large, 1,500m by 500m magnetic high Luis Hill target. While Hole 9 did not hit an obvious large magnetic source, however several magnetic dioritic dikes which may be emanating from a deeper, larger magnetic source likely intermediate composition intrusion were intersected. The discovery interval consists of gold in siliceously replaced jasperoid-like dolomite and silica flooded black shale, which is similar to some sediment hosted gold deposits in Nevada (USGS Prof Paper 1267, 1985). The discovery, a new finding for this part of Sonora, is important for both the property and in the region as it shows the potential for previously unknown sediment hosted gold inside of one of the most prolific gold belts in Mexico, the Sonora Gold Belt – also referred to as the Megashear Gold Belt in past scientific studies. Folding and Basin and Range block faulting is expected to bring the mineralized formations closer to surface for 2026 H1 drilling within the magnetic target area. The Companies feel Luis Hill has the potential to become a major new discovery in Mexico.

The discovery interval of 0.3 g/t gold over 42 metres included 23 assay intervals ranging in width from 0.45m to 2m, with assays ranging from 0.005 g/t to 1.31 g/t gold. Fifteen intervals returned gold values in excess of 0.1 g/t, with three in excess of 0.5 g/t.

Sample IDm Fromm ToIntervalAu_ppmSample IDm Fromm ToIntervalAu_ppm
RRI-U545198.25200.2520.38RRI-U557219.5221.520.014
RRI-U546200.25202.2520.678RRI-U558221.5223.520.012
RRI-U547202.25203.81.550.393RRI-U559223.5225.520.187
RRI-U548203.8205.820.007RRI-U561225.5226.91.40.011
RRI-U549205.8207.82-0.005RRI-U562226.9228.31.40.114
RRI-U550207.8209.820.059RRI-U563228.3228.90.6pending
RRI-U551209.8211.820.012RRI-U564228.9230.920.158
RRI-U552211.8213.820.849RRI-U565230.9232.920.724
RRI-U553213.8215.51.70.316RRI-U566232.9234.21.30.135
RRI-U554215.8217.821.31RRI-U567234.2235.551.350.083
RRI-U555217.8218.91.10.319RRI-U568235.552360.450.131
RRI-U556218.9219.50.60.321All intervals are down hole widths.

Table 2- Full Assay Interval for UND25-009 Discovery Intersection.

Figure 2- Cross section Famosa Mine area with 4 holes intersecting mineralized horizon that is the downdip projection from the Famosa mine and remains open for further drilling along strike north-south and further down dip to the west. Note the map shows how drill holes are projected onto a simplified single plane for schematic purposes.

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https://images.newsfilecorp.com/files/10197/280127_3a05f3b904909978_002full.jpg

Famosa Mine and Famosa EM Target

This release is also reporting results from the 5 holes drilled at the Famosa Mine and the Famosa Electro-Magnetic (“EM”) target. Drilling at the Famosa mine focussed on extensions of the CRD mineralization, where past mining and the geology and structure indicate a manto horizon. One hole tested the EM Target located 500 m west of the Famosa Mine workings.

Four core holes tested a west-dipping dolomite manto target and adjacent structures in the Famosa Mine Area, where historical small-scale mining left surface dumps. Dump sampling reported highlight gold grades in excess 0.5 oz/t (>15 g/t) gold as detailed in the May 7, 2025, technical report found under Questcorp’s profile on SEDARplus. Holes were drilled at angles toward the east to intersect the target as close to perpendicular as practical and to evaluate continuity of alteration and mineralization with intrusive dikes and breccias noted in the core logging. A drill width intersection of 1.85m @ 0.345 gold, starting at 39m, on the down dip projection from the horizon at the Famosa Mine 70o CRD shaft was recorded in Hole 5.

Hole 10 tested the Famosa EM target, intersecting the favorable dolomitic stratigraphy. The Famosa drilling results will be followed up.

The summary collar and drilling information for all 12 holes and 1625m drilled in Phase 1 is provided in the table below.

Table for Phase 1 Drilling Union Project H2, 2025 All Holes, 1625m total
Hole_lDEastingNorthingElevationAzimuthDipTotal DepthTarget
UND25-0013760433347225358.66131-50198.25Union Mine
UND25-0023756063347813381.3765-50201.30El Cobre
UND25-0033760483347598378.3465-5025.90Union Norte
UND25-0043751373344629360.47110-70129.35Famosa Mine
UND25-0053751463344578362.3592-70104.80Famosa Mine
UND25-0063760993347627389.13100-80118.45Union Norte
UND25-0073761993347156355.46280-80166.20Union Mine
UND25-0083761113347136369.34125-80128.10Union Mine
UND25-0093752613347551400.640-90292.80Luis Hill
UND25-0103749413344765363.9590-70161.60Famosa EM
UND25-0113751713344608362.4590-8551.00Famosa Mine
UND25-0123751713344608362.4590-9047.25Famosa Mine

Table 3- Drill collar information with the bolded and italicized holes are in this news release.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10197/280127_3a05f3b904909978_003full.jpg

Figure 3- Map of the location of the Luis Hill and Famosa areas among the other areas that were drilled and results will be coming next from the other target areas when available.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10197/280127_3a05f3b904909978_004full.jpg

Geological Model and Strategy

The H2 2025 Phase I program was designed to test primary areas of historical mining and key magnetic targets. The program followed the geological model of the South 32 Taylor deposit in southern Arizona. Drilling intersected gold, zinc, and silver indications consistent with vectors toward a major discovery.

Furthermore, the sediment-hosted gold style found at Luis Hill is comparable to Nevada’s carbonate platform geology, making it an intriguing new development area for the Union Project.

Sampling Procedures and QA/QC

Core was logged, saw-cut, and half-core samples were shipped for analysis. Samples from the first eight holes were delivered to Bureau Veritas (Hermosillo, Sonora) for gold fire assay, with pulps forwarded to Vancouver, Canada for Inductively Coupled Plasma-Mass Spectrometry (“ICP-MS”) following four-acid digestion to determine silver, base metals, and pathfinders. Samples from the final four holes were shipped to ACT Labs Zacatecas, where preparation, gold assay, and multi-element ICP are completed in Mexico. The final 4 holes of the program were shipped to ACT Labs where they were similarly assayed using the same processing methods but with their initial preparation and assaying completed in Zacatecas, Mexico using the same ICP and gold fire assay methods. The change in lab halfway through the program was due to assay turn around issues. Samples were maintained in chain of custody being delivered to the laboratory in sealed bags. Remaining half-cores are retained for reference.

Standards were inserted every 20 samples and blanks every 100 samples. The laboratory also did duplicates every 20 samples as additional check on the quality control. The QA/QC was analyzed with a check for any variations in the standards beyond 2 standard deviations and the standards passed.

Next Steps

After all assays are interpreted and released, the Companies will work together on organizing the H1 2026 Phase 2 exploration program, building from the Phase I exploration results. Along with follow-up drilling, Phase 2 will likely include geophysics, geochemistry and mapping. The results announced here are exciting for the western Luis Hill area, which has never seen prior drilling, although small scale mines indicate potential locations. Based on these drill results, a focused follow-up is strongly warranted at Union for this target, as well as other targets.

The Companies are diligently working toward an expanded drill program for H1 2026, as all permits and access are in good standing. With the new data, targets will be ready to explore, with the potential to immediately begin field work portions early this year.

The Company will release the next set of drill results once a QA/QC review is completed.

Qualified Person:

The technical content of the new release has been reviewed and approved by R. Tim Henneberry, P.Geo (British Columbia), a director of the company and a qualified person under National Instrument 43-101.

The Union Agreement

Questcorp currently holds an option to earn a 100% interest in the Union Project with business terms announced May 6, 2025, and align Questcorp and Riverside through Riverside being a share owner initially 9.9% of Questcorp and upon earn-in Riverside will become a 19.9% share owner and retain a 2.5% NSR.

About Questcorp Mining Inc.

Questcorp Mining is engaged in the business of the acquisition and exploration of mineral properties in North America, with the objective of locating and developing economic precious and base metals properties of merit. The company holds an option to acquire an undivided 100-per-cent interest in and to mineral claims totalling 1,168.09 hectares comprising the North Island copper property, on Vancouver Island, B.C., subject to a royalty obligation. The company also holds an option to acquire an undivided 100-per-cent interest in and to mineral claims totalling 2,520.2 hectares comprising the La Union project located in Sonora, Mexico, subject to a royalty obligation.

ON BEHALF OF THE BOARD OF DIRECTORS,

Saf Dhillon
President & CEO

Questcorp Mining Inc.
saf@questcorpmining.ca
Tel. (604-484-3031)

Suite 550, 800 West Pender Street
Vancouver, British Columbia
V6C 2V6.

Certain statements in this news release are forward-looking statements, which reflect the expectations of management regarding completion of survey work at the North Island Copper project. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. Except as required by the securities disclosure laws and regulations applicable to the Company, the Company undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/280127

Categories
Base Metals Junior Mining Precious Metals

CME Group to Launch 100-Ounce Silver Futures to Meet Record Retail Demand

CHICAGO, Jan. 13, 2026 /PRNewswire/ — CME Group, the world’s leading derivatives marketplace, today announced it will launch a 100-Ounce Silver futures contract on February 9, 2026, pending regulatory review.

“Silver is increasingly appealing to retail traders looking to diversify their exposure across a wider range of metals in the face of geopolitical uncertainty and the energy transition,” said Jin Hennig, Managing Director and Global Head of Metals at CME Group. “100-Ounce Silver futures will improve access to a wider range of participants, enabling them to benefit from the liquidity and efficiencies that our futures markets provide.”

“This new futures contract from CME Group supports our focus on building the best platform for active traders and offers customers a way to trade silver with less capital,” said JB Mackenzie, VP and GM of Futures and International, Robinhood Markets. “In line with our mission to democratize finance for all, this contract makes it easier to participate in the silver market and gives traders even greater flexibility.”

“With silver in high demand, we are pleased that CME Group is expanding its smaller-sized offerings,” said Isaac Cahana, CEO, Plus500US. “This new contract will make it easier than ever for our global customers to capture silver opportunities in a flexible, cost-effective way.”

Growing retail demand for CME Group’s metal futures drove record trading volumes in 2025. It was a record year for trading both Micro Gold futures (301K ADV) and Micro Silver futures (48K ADV). Clients also traded over 6 million contracts in the 1-Ounce Gold futures contract launched on January 13, 2025.

100-Ounce Silver futures will be financially-settled based on the daily settlement price of the global benchmark Silver futures contract and will be listed by and subject to the rules of COMEX. For more information, please visit https://www.cmegroup.com/100-oz-silver.

As the world’s leading derivatives marketplace, CME Group (www.cmegroup.com) enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data – empowering market participants worldwide to efficiently manage risk and capture opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on interest rates, equity indexes, foreign exchange, energy, agricultural products and metals. The company offers futures and options on futures trading through the CME Globex platform, fixed income trading via BrokerTec and foreign exchange trading on the EBS platform. In addition, it operates one of the world’s leading central counterparty clearing providers, CME Clearing.

CME Group, the Globe logo, CME, Chicago Mercantile Exchange, Globex, and E-mini are trademarks of Chicago Mercantile Exchange Inc. CBOT and Chicago Board of Trade are trademarks of Board of Trade of the City of Chicago, Inc. NYMEX, New York Mercantile Exchange and ClearPort are trademarks of New York Mercantile Exchange, Inc. COMEX is a trademark of Commodity Exchange, Inc. BrokerTec is a trademark of BrokerTec Americas LLC and EBS is a trademark of EBS Group LTD. The S&P 500 Index is a product of S&P Dow Jones Indices LLC (“S&P DJI”). “S&P®”, “S&P 500®”, “SPY®”, “SPX®”, US 500 and The 500 are trademarks of Standard & Poor’s Financial Services LLC; Dow Jones®, DJIA® and Dow Jones Industrial Average are service and/or trademarks of Dow Jones Trademark Holdings LLC. These trademarks have been licensed for use by Chicago Mercantile Exchange Inc. Futures contracts based on the S&P 500 Index are not sponsored, endorsed, marketed, or promoted by S&P DJI, and S&P DJI makes no representation regarding the advisability of investing in such products. All other trademarks are the property of their respective owners.

CME-G

Cision
Cision

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Categories
Base Metals Energy Junior Mining Precious Metals

Grizzly to Conduct IP and Drilling at the Sappho Critical Minerals Target Greenwood, British Columbia Precious and Battery Metals Project

Edmonton, Alberta–(Newsfile Corp. – January 7, 2026) – Grizzly Discoveries Inc. (TSXV: GZD) (FSE: G6H) (OTCQB: GZDIF) (“Grizzly” or the “Company”) is pleased to announce that it is planning an Induced Polarization (IP) and a diamond drilling program in early 2026 to follow up excellent prior results from both surface sampling and historical drilling at the Sappho Critical Minerals Target (Figure 1). In light of the current escalating metal prices for critical minerals/metals including copper (Cu), platinum (Pt), palladium (Pd), gold (Au) and silver (Ag), the Sappho Skarn/Porphyry Target warrants a new look including follow-up exploration and drilling.

Highlights

  • The Geological Setting is the East Fault Contact of the Toroda Graben with numerous pyroxenite-monzonite-diorite (older) and younger QFP-diorite (Tertiary) intrusions into intermediate-mafic volcanics along with a complex magnetic feature at the Sappho CG area (Figure 1).
  • The East and West Faults of the Toroda Graben likely played a role in controlling the Au-Ag mineralization for the Buckhorn Skarn and Mine to the southwest and the Cu-Au-Ag mineralization for the Motherlode/Greyhound skarns to the north (Figure 2).
  • Skarn and porphyry style alteration and mineralization along with Cu-PGE’s-Au-Ag are observed in outcrop and drill core along with a complex magnetic signature in the Main Sappho CG area.
  • A total of 141 rock grab samples collected during prospecting at the Sappho Target during 2022.
  • Five (5) new sulphide showings were discovered during the field work, with 4 of the 5 showings yielding rock grab samples with >1% copper (Cu) up to as high as 7.25% Cu (Figure 1 and see Grizzly news release dated November 3rd, 2022).
  • Historical sampling includes a total of 17 rock grab samples that returned values >1% Cu up to 9.06% Cu, many also with anomalous gold (Au), silver (Ag), platinum (Pt) and palladium (Pd).
  • A total of 11 samples have yielded >500 parts per billion (ppb) Pt and Pd up to 4.64 grams per tonne (g/t) Pt and up to 2.28 g/t Pd.

The Sappho area is being targeted for copper-gold skarn and porphyry type targets associated with a Jurassic alkalic intrusive complex and several younger diorite intrusions (Figure 1). A total of five new showings of copper oxide mineralization were found during the 2022 program (Figure 1). Previous surface sampling and drilling by Grizzly has yielded significant anomalous copper, gold, silver along with platinum and palladium. Numerous historical and new rock grab samples have yielded greater than 1% Cu, 1 g/t Au, 1 g/t Ag, 1 g/t Pt and 1 g/t Pd (Figure 1).

Historical 2010 drilling by the Company (4 core holes) yielded up to 0.31% Cu, 0.75 g/t Au, 0.34 g/t Pt, 0.39 g/t Pd and 6.57 g/t Ag over 6.5 m core length in skarn at Sappho (in hole 10SP03), including 1 m core length intersections of 3.82 g/t Au and 199 g/t Ag, and in a separate sample 1.83 g/t Pt and 2.09 g/t Pd across 1 m – these results all are associated with >1% Cu in those samples. Drillhole 10SP03 targeted a magnetic anomaly and had no indications of surface mineralization at the time of drilling. One of the new 2022 showings has been found proximal to drillhole 10SP03 and the targeted magnetic anomaly.

Figure 1: Sappho Rock Sampling Summary 2026.

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Brian “Griz” Testo, President & CEO of Grizzly Discoveries, states “New results are providing significant targets indicated by high-grade copper samples at surface. Anomalous geophysics has also outlined multiple new targets across the Sappho Project. Grizzly will continue to define these targets to the drill ready stage for the potential to define new discoveries. I would like to express deep gratitude to our outstanding prospecting team, Sebastian and Cache, for finding new showings at both the Sappho and the Midway Mine.”

The Company is continuing with surface exploration in the Greenwood area. Crews from APEX Geoscience Ltd. completed soil and rock sampling in August through to October and the exploration work is ongoing. Work including prospecting, rock and soil sampling has been conducted at targets in the Rock Creek area, the Midway area, the Copper Mountain area, the Overlander-Attwood area and the Sappho area to date (Figure 2). Additional groundwork including ground geophysical surveys are being planned and will comprise IP, magnetics and Loupe electromagnetics (EM) for the Sappho, the Midway and Motherlode areas (Figure 2).

Rock grab (>200 samples) and soil sampling results from the 2025 fieldwork are pending and will be released as they are received.

Figure 2: Exploration Targets 2026.

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Other Exploration Highlights To Date

  • The Motherlode – Greyhound area is being targeted for skarn copper-gold-silver and precious metal epithermal sulphide mineralization.
  • Grizzly has an existing Land Use permit to conduct work including additional drilling in the Motherlode – Greyhound area.
  • The Midway area is being targeted for copper-gold skarn and epithermal gold-silver. The Overlander area is being targeted for mesothermal to epithermal gold-silver mineralization.
  • The Midway historical mine and immediate area has yielded five selective high grade rock grab samples with between 12.05 g/t Au and 70.8 g/t Au along with five selective rock samples with between 565 g/t Ag and 2,140 g/t Ag (See Grizzly News Release October 17, 2022).
  • Grizzly recently received a drilling and trenching permit for the Midway Mine area.

Midway Mine and Motherlode Planned Exploration 2026

Land use permits have been received for trenching and drilling at the high-grade Midway Mine area. Ground Geophysical Surveys in the form of IP along with trenching and eventually drilling are being planned for the Midway area in 2026.

Ground geophysical surveys, including IP, are being planned for a number of targets in the Motherlode – Greyhound area for 2026.

Trenching and drilling these additional targets will be financing dependent.

Quality Assurance and Control

Rock and soil samples are being analyzed at ALS Global Laboratories (Geochemistry Division) in Vancouver, Canada (an ISO/IEC 17025:2017 accredited facility). Gold was assayed using a fire assay with atomic emission spectrometry and gravimetric finish when required (+10 g/t Au). Rock grab and rock chip samples from outcrop/bedrock are selective by nature and may not be representative of the mineralization hosted on the project.

The sampling program was undertaken by Company personnel under the direction of Michael B. Dufresne, M.Sc., P.Geol., P.Geo.. A secure chain of custody is maintained in transporting and storing of all samples.

The technical content of this news release and the Company’s technical disclosure has been reviewed and approved by Michael B. Dufresne, M. Sc., P. Geol., P.Geo., who is a non-independent Consultant and Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects.

ABOUT GRIZZLY DISCOVERIES INC.

Grizzly is a diversified Canadian mineral exploration company with its primary listing on the TSX Venture Exchange focused on developing its approximately 72,700 ha (approximately 180,000 acres) of precious and base metals properties in southeastern British Columbia. Grizzly is run by highly experienced junior resource sector management team, who have a track record of advancing exploration projects from early exploration stage through to feasibility stage.

On behalf of the Board,

GRIZZLY DISCOVERIES INC.
Brian Testo, CEO, President

Suite 363-9768 170 Street NW
Edmonton, Alberta T5T 5L4

For further information, please visit our website at www.grizzlydiscoveries.com or contact:

Nancy Massicotte
Corporate Development
Tel: 604-507-3377
Email: nancy@grizzlydiscoveries.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.

Caution concerning forward-looking information

This press release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable securities laws. This information and statements address future activities, events, plans, developments and projections. All statements, other than statements of historical fact, constitute forward-looking statements or forward-looking information. Such forward-looking information and statements are frequently identified by words such as “may,” “will,” “should,” “anticipate,” “plan,” “expect,” “believe,” “estimate,” “intend” and similar terminology, and reflect assumptions, estimates, opinions and analysis made by management of Grizzly in light of its experience, current conditions, expectations of future developments and other factors which it believes to be reasonable and relevant. Forward-looking information and statements involve known and unknown risks and uncertainties that may cause Grizzly’s actual results, performance and achievements to differ materially from those expressed or implied by the forward-looking information and statements and accordingly, undue reliance should not be placed thereon.

Risks and uncertainties that may cause actual results to vary include but are not limited to the availability of financing; fluctuations in commodity prices; changes to and compliance with applicable laws and regulations, including environmental laws and obtaining requisite permits; political, economic and other risks; as well as other risks and uncertainties which are more fully described in our annual and quarterly Management’s Discussion and Analysis and in other filings made by us with Canadian securities regulatory authorities and available at www.sedarplus.ca. Grizzly disclaims any obligation to update or revise any forward-looking information or statements except as may be required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/279678

Categories
Base Metals Exclusive Interviews Junior Mining Precious Metals

West Point Gold Delivers Multiple High-Grade Intercepts at Northeast Tyro, Including 27.4m of 9.56 g/t Au from 71.6m

Vancouver, British Columbia–(Newsfile Corp. – January 6, 2026) – West Point Gold Corp. (TSXV: WPG) (OTCQB: WPGCF) (FSE: LRA0) (“West Point Gold” or the “Company”) is pleased to announce the results for four holes from the high-grade zone at Northeast (NE) Tyro, part of the ongoing 15,000 metre (m) drill program at its flagship Gold Chain Project in Arizona. The Company is reporting assay results for four drill holes (936 m), GC25-85 through GC25-88.

Highlights:

  • Hole GC25-87 returned 27.4m of 9.56 g/t Au at 71.6m to 99.1m, including 13.7m of 18.00 g/t Au at 79.3m to 93.0m, about 50m up-dip from GC25-49 (62.5m at 4.73 g/t Au) – expanding the highest-grade part of the zone up-dip.
  • Hole GC25-88 returned 44.2m of 5.46 g/t Au at 140.2m to 184.4m, including 18.3m of 12.04 g/t Au at 166.1m to 184.4m – expanding the high-grade zone along strike, as this is the furthest northeast hole at Tyro.
  • Hole GC25-85 returned 29.0m of 5.24 g/t Au at 164.6m to 193.6m, including 12.2m of 10.48 g/t Au at 176.8m to 189.0m, about 80m down-dip from hole GC25-58 which returned 32.0m of 2.01 g/t Au.
  • Hole GC25-86 returned 36.6m of 2.22 g/t Au at 179.8 to 216.4m about 140m down-dip from GC25-57 which returned 12.2m at 3.52 g/t Au.
  • Drilling continues to explore the deeper portions of the high-grade zone between the Tyro NE and Main zones, with two holes (540 m) completed with assays pending. A total of 3,769 m of the planned 15,000m program was completed in 2025.

“Drilling at NE Tyro continues to return better than expected grades with good continuity at relatively shallow depths. The high-grade zone at NE Tyro appears to continue at depth and to the northeast, suggesting the zone remains open to further expansion as we continue drilling. We expect these results to positively impact the grade profile and the overall scale of our upcoming maiden resource. Drilling continues at Gold Chain, with one rig at NE Tyro, and one at Tyro South,” stated Derek Macpherson, President and CEO.

Table 1: Drill Results

HolesFrom (m)To (m)Width (m)Grade (g/t Au)
GC25-85164.6193.629.05.24
including176.8189.012.210.48
GC25-86179.8216.436.62.22
GC25-8771.699.127.49.56
including79.393.013.718.00
GC25-88140.2184.444.25.46
including166.1184.418.312.04

Note: All widths shown are downhole; true widths are approximately 50-90% of downhole widths; see Figure 3 for estimated true widths.

Figure 1: Plan view of the Main Tyro vein showing geology and drilling conducted in 2021, 2023, 2024 and 2025. Note the location of Hole Nos. GC25-85 through GC25-88.

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https://images.newsfilecorp.com/files/5717/279547_08e927cc54e4ea19_002full.jpg

Figure 2. Longitudinal perspective of the Tyro Main and NE Zones, Showing Core and RC Drilling to Date. Holes GC25-85 through GC25-88 are highlighted and described below.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5717/279547_08e927cc54e4ea19_003full.jpg

Summary
The drilling of holes GC25-85 through GC25-88 continues to expand and provide improved definition for high-grade gold mineralization in the NE Tyro zone at the Company’s Gold Chain project in Arizona. The four holes comprising this release, GC25-85 through GC25-88, represent 936 m of the 3,769 m drilled to date in the current 15,000m program.

Each hole is briefly described below and graphically presented in both sectional and longitudinal views. Additionally, Figure 3 is a generalized longitudinal view of the NE Tyro zone showing the intercept’s mid-point, composite gold grade and estimated true width based upon geologic sections. The core of this zone remains mostly open to the northeast and to depth. West Point Gold anticipates the receipt of its Plan of Operations in early 2026, which will permit the drilling of both core and RC holes outside of the controlled patented claims, allowing for deeper tests and further exploration to the northeast and toward the Frisco Graben target area.

Along with the increased gold grades at depth, close inspection of the drill cuttings reveals an increase in varicolored chalcedony, crustiform banding, adularia and illite(?)-pyrite alteration in the wallrock.

Figure 3. Longitudinal Section Along the NE Tyro Zone Showing Drill Hole Pierce Points, Estimated True Width and Intercept Grade. Grades are Colour Coded to Better Illuminate the Shape and Orientation of the High-Grade Zone.

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https://images.newsfilecorp.com/files/5717/279547_08e927cc54e4ea19_004full.jpg

Hole GC25-85
Hole GC25-85 traversed the Tyro NE vein/zone about 30m southwest of GC25-88 (44.2m at 5.46 g/t Au) and encountered from 164.6m to 193.6m (29.0m) 5.24 g/t Au enveloping a higher-grade zone of 12.2m at 10.48 g/t Au (Figure 2). The intercept’s midpoint is about 200m below the surface and without a surface expression, i.e. blind. The position of GC25-85 is provided in Figures 1 through 3.

Hole GC25-86
Hole GC25-86 was drilled about 140m beneath hole GC25-57 and about 200m beneath a weak surface exposure of the vein. The hole traversed a broad zone of quartz veinlets which appeared to coalesce with depth. A mineralized zone was encountered at 179.8m to 216.4m (36.6m) at 2.22 g/t Au. A geologic summary of this hole is provided in Figures 3 and 4. The quartz-chalcedony-adularia-calcite vein resembles the surrounding intercepts, and the vein package remains broad. The results indicate that the mineralized zone has coalesced into a more discrete mineralized package or vein in the relatively short distance below Hole GC25-57.

Figure 4: Cross-Sectional View of Hole GC25-86 down-dip from Holes GC25-57 and GC21-13.

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https://images.newsfilecorp.com/files/5717/279547_08e927cc54e4ea19_005full.jpg

Hole GC25-87
Hole GC25-87 was designed to test the NE Tyro zone between the surface and Hole GC25-49 (62.5m at 4.73 g/t Au). The hole traversed the NE Tyro structure about 65 metres below the surface and 50 m above GC25-49 (Figure 5) from 71.6m to 99.1m (27.4 m) containing 9.56 g/t Au. An internal zone of higher gold grades corresponds to quartz-chalcedony-adularia-calcite vein and breccia, along with likely stockwork veining; the zone consisted of 13.7m of 18 g/t Au. Both intercepts shown in Figure 5 suggest good continuity in this area of the vein. Sections across the vein system in this area suggest a true width of 20 to 25 metres.

Figure 5: Cross-Sectional View of Hole GC25-87 up-dip from Hole GC25-49.

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https://images.newsfilecorp.com/files/5717/279547_08e927cc54e4ea19_006full.jpg

Hole GC25-88
Hole GC25-88, located in Figure 1, was designed to incrementally expand the limits of gold mineralization to the northeast and beneath earlier holes (GC25-45 and GC25-46) which encountered altered and weakly veined host rocks with negligible gold. A strong vein, shown in Figure 6, was encountered about 110 metres beneath GC25-46 from 140.2m to 184.4m and contained 5.46 g/t Au over 44.2m. An internal higher-grade interval, composed of mostly quartz-chalcedony-adularia-calcite, was identified at 166.1m to 184.4m containing 12.04 g/t Au over 18.3 metres. The overall intercept is dominated by quartz veinlets which coalesce into a vein breccia approaching the footwall contact. The estimated true width of this zone is about 15 metres and remains open to the northeast and at depth.

Figure 6: Cross Sectional View of Hole GC25-88 down-dip from Hole GC25-46.

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https://images.newsfilecorp.com/files/5717/279547_08e927cc54e4ea19_007full.jpg

Table 2: Drill hole locations and descriptions

Hole No.AzimuthInclinationEastingNorthingLength 
(m)
(degrees)(degrees)
GC25-0850-807323883901514274.3
GC25-086290-807323863901511243.8
GC25-08710-487323053901484152.4
GC25-0880-807324133901542265.2

Qualified Person
Robert Johansing, M.Sc. Econ. Geol., P. Geo., the Company’s Vice President, Exploration, is a qualified person (“QP”) as defined by NI 43-101 and has reviewed and approved the technical content of this press release. Mr. Johansing has also been responsible for overseeing all phases of the drilling program, including logging, labelling, bagging and transport from the project to American Assay Laboratories of Sparks, Nevada. Drillholes have a diameter of about 10cm, and samples have an approximate weight of 5 to 10kg. Samples were then dried, crushed and split, and pulp samples were prepared for analysis. Gold was determined by fire assay with an ICP finish, and over-limit samples were determined by fire assay and gravimetric finish. Silver plus 15 other elements were determined by Aqua Regia ICP-AES (IM-2A16), and over-limit samples were determined by fire assay and gravimetric finish. Both certified standards and blanks were inserted on site along with duplicates, standards and blanks inserted by American Assay. The results summarized above have been carefully reviewed with reference to the QA/QC results. Standard sample chain of custody procedures were employed during drilling and sampling campaigns until delivery to the analytical facility.

About West Point Gold Corp.
West Point Gold is an exploration and development company focused on unlocking value across four strategically located projects along the prolific Walker Lane Trend in Nevada and Arizona, USA, providing shareholders with exposure to multiple discovery opportunities across one of North America’s most productive gold regions. The Company’s near-term priority is advancing its flagship Gold Chain Project in Arizona.

For further information regarding this press release, please contact:
Aaron Paterson, Corporate Communications Manager
Phone: +1 (778) 358-6173
Email: info@westpointgold.com

Stay Connected with Us:
LinkedIn: linkedin.com/company/west-point-gold
X (Twitter): @westpointgoldUS
Facebook: facebook.com/Westpointgold/
Website: westpointgold.com/

FORWARD-LOOKING STATEMENTS:
Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company’s current belief or assumptions as to the outcome and timing of such future events including, among others, assumptions about future prices of gold, silver, and other metal prices, currency exchange rates and interest rates, timing of the Company’s maiden resource estimate, favourable operating conditions, political stability, obtaining government approvals and financing on time, obtaining renewals for existing licenses and permits and obtaining required licenses and permits, labour stability, stability in market conditions, availability of equipment, availability of drill rigs, and anticipated costs and expenditures. The Company cautions that all forward-looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors, many of which are beyond the Company’s control. Such factors include, among other things: risks and uncertainties relating to West Point Gold’s ability to complete any payments or expenditures required under the Company’s various option agreements for its projects; and other risks and uncertainties relating to the actual results of current exploration activities, the uncertainties related to resources estimates; the uncertainty of estimates and projections in relation to production, costs and expenses; risks relating to grade and continuity of mineral deposits; the uncertainties involved in interpreting drill results and other exploration data; the potential for delays in exploration or development activities; uncertainty related to the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results may vary from those expected; statements about expected results of operations, royalties, cash flows, financial position may not be consistent with the Company’s expectations due to accidents, equipment breakdowns, title and permitting matters, labour disputes or other unanticipated difficulties with or interruptions in operations, fluctuating metal prices, unanticipated costs and expenses, uncertainties relating to the availability and costs of financing needed in the future and regulatory restrictions, including environmental regulatory restrictions. The possibility that future exploration, development or mining results will not be consistent with adjacent properties and the Company’s expectations; operational risks and hazards inherent with the business of mining (including environmental accidents and hazards, industrial accidents, equipment breakdown, unusual or unexpected geological or structural formations, cave-ins, flooding and severe weather); metal price fluctuations; environmental and regulatory requirements; availability of permits, failure to convert estimated mineral resources to reserves; the inability to complete a feasibility study which recommends a production decision; the preliminary nature of metallurgical test results; fluctuating gold prices; possibility of equipment breakdowns and delays, exploration cost overruns, availability of capital and financing, general economic, political risks, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks involved in the mineral exploration and development industry, and those risks set out in the filings on SEDAR+ made by the Company with securities regulators. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this corporate press release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, other than as required by applicable securities legislation.

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/279547

Categories
Base Metals Energy Junior Mining Oil & Gas

ACT ENERGY TECHNOLOGIES COMPLETES ACQUISITION OF STRYKER DIRECTIONAL, EXPANDING PRESENCE IN THE SOUTHERN UNITED STATES

CALGARY, AB, Jan. 6, 2026 /CNW/ – ACT Energy Technologies Ltd. (TSX: ACX) (“ACT“, the “Company“) is pleased to announce that on January 5, 2026 (the “Closing Date“) it acquired all the assets of Stryker Energy Directional Services, LLC (“Stryker“) for total consideration of USD$24.2 million (approximately CAD$34 million) (the “Transaction“). The purchase price consisted of USD$12.5 million in cash, a USD$6.7 million promissory note, and USD$5.0 million in ACT common shares.

Stryker, founded in 2010 and based in Conroe, Texas, is a well-established directional drilling services provider with a highly experienced management team and a strong operating history across the Southern United States. In 2025, Stryker averaged approximately 17 active jobs per operating day, including work utilizing RSS technology. Stryker’s existing management team will lead the business, ensuring continued strong customer service and long-term alignment with ACT shareholders.

“Stryker has built a strong brand and a proven reputation for delivering high-performance directional drilling services to customers across the Southern U.S.,” said Tom Connors, President and CEO of ACT. “We are excited to welcome Stryker’s management team and employees to ACT. Their expertise and operational track record will strengthen our U.S. platform and enhance our ability to serve customers with high-value drilling technologies. The acquisition of Stryker, which relies on rented third-party mud motors for approximately one half of its active jobs, presents a meaningful opportunity for ACT to supply motors from our existing inventory, immediately reducing rental expenses and expanding margins. Their RSS fleet and deep experience in deploying and servicing MWD tools further complement our technology-focused strategy. We expect the cash flow generated by Stryker to pay back in less than two and a half years, with additional upside as synergies are realized.”

TRANSACTION HIGHLIGHTS

  • Expands ACT’s scale and presence in key U.S. basins: Stryker’s strong position in the Southern U.S. enhances ACT’s existing operations and increases U.S. job count in the southern U.S.
  • Strengthens ACT’s technology portfolio: Stryker’s fleet of 10 RSS tools adds to ACT’s U.S. RSS fleet of 30 tools. RSS technology represents the highest-value segment of the directional drilling market, generating superior revenue and margins.
  • Significant synergy potential: ACT expects more than CAD$5.0 million in annual synergies, primarily from replacing Stryker’s rented mud motors with ACT-owned assets.
  • Balanced and strategic funding structure: The combination of cash, debt, and equity supports management retention and preserves ACT’s financial flexibility.
  • Accretive financial impact: Including expected synergies and minimal follow-on capital requirements, ACT anticipates a payback period in less than two and a half years. The Transaction is expected to be accretive to net income, Adjusted EBITDAS, and Free Cash Flow (see Non-GAAP and Supplementary Financial Measures).

KEY TERMS OF THE TRANSACTION
Under the definitive agreements between ACT and Stryker, ACT paid the following consideration:

  • USD$12.5 million in cash;
  • USD$5.0 million in equity, via the issuance of 1,299,394 common shares of ACT (the “Acquisition Shares“); and
  • A USD$6.7 million promissory note issued by a wholly-owned subsidiary of ACT to Stryker, structured as a three-year, 6% subordinated note, with USD$2.5 million repayable on the 12 and 24 month anniversaries of the Closing Date, and the balance of USD$1.7 million repayable on the 36 month anniversary of the Closing Date.

The Acquisition Shares were issued at a deemed price of $5.29 per Acquisition Share for a value of approximately USD$5.0 million. The Acquisition Shares are subject to a four-month statutory hold period under applicable Canadian securities laws, in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside of Canada. Additionally, the Acquisition Shares are subject to contractual resale restrictions, with 30% of the Acquisition Shares released on the dates that are 12 and 24 months following the Closing Date, and 40% on the date that 36 months following the Closing Date.

In connection with the Transaction, the Company also issued 727,660 common shares of the Company (the “Stryker Shares“) to Stryker at a price of $5.29 per Share, for aggregate gross proceeds of $3.85 million (USD$2.8 million) as a concurrent private placement. The Stryker Shares are subject to a four-month statutory hold period under applicable Canadian securities laws, in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside of Canada. Additionally, the Stryker Shares are subject to contractual resale restrictions, with 25% of the Stryker Shares released on each of the dates that are 12, 24, 36 and 48 months following the Closing Date (see Non-GAAP Measures and Supplementary Financial Information below, for foreign exchange conversion assumptions).

SELECT FINANCIAL INFORMATION (CAD)

Pre-Acquisition (1)Post-Acquisition (1)
Common Shares Outstanding (Basic)$33.14 million$35.17 million
Cash$34 million$20 million
Loans and borrowings$62 million$62 million
Exchangeable promissory notes$27.4 million$27.4 million
Promissory note$nil$9.2 million
(1)Estimated pre- and post-closing amounts as at immediately before and after the Closing Date.

ADVISORS
Peters & Co. Limited acted as financial advisor to ACT. DS Lawyers Canada LLP served as Canadian legal counsel, and Porter Hedges LLP acted as U.S. legal counsel to ACT and its subsidiaries.

LEGAL
This news release does not constitute an offer to sell or a solicitation of an offer to buy securities in the United States. The securities referenced herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act“), or any state securities laws, and may not be offered or sold within the United States or to U.S. Persons (as such term is defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful.

NON-GAAP MEASURES AND SUPPLEMENTARY FINANCIAL INFORMATION
ACT uses certain performance measures throughout this news release that are not defined under IFRS Accounting Standards or Generally Accepted Accounting Principles (“GAAP“). These non-GAAP measures do not have a standardized meaning and may differ from that of other organizations, and accordingly, may not be comparable. Investors should be cautioned that these measures should not be construed as alternatives to IFRS Accounting Standards measures as an indicator of ACT’s performance.

These measures include Adjusted EBITDAS and Free Cash Flow. Management believes these measures provide supplemental financial information that is useful in the evaluation of ACT’s operations.

These non-GAAP and supplemental financial measures are defined as follows:

“Adjusted EBITDAS” is calculated as net income before finance costs, unrealized foreign exchange on intercompany balances, income tax expense, depreciation, amortization, non-recurring costs (including acquisition and restructuring costs), write-down of inventory and share-based compensation; and is considered an indicator of the Company’s ability to generate funds flow from operations prior to consideration of how activities are financed, how the results are taxed and non-cash expenses. Further information regarding how ACT calculates and uses Adjusted EBITDAS is contained in ACT’s Q3 2025 Management Discussion & Analysis under the heading “Non-GAAP Measurements” and is available on SEDAR+ under ACT’s profile at www.sedarplus.com.

“Free Cash Flow” is calculated as cash flow from operating activities prior to: i) changes in non-cash working capital, ii) and income tax (refund) payment less: i) cash flow from investing activities (updated from property, plant and equipment (“PP&E”) and intangible asset additions, excluding assets acquired in business combinations), ii) required repayments on loans and borrowings, in accordance with the Company’s credit facility agreement, and iii) repayments of lease liabilities, net of finance costs, offset by proceeds on disposal of PP&E. Free Cash Flow is a useful supplemental measure of the Company’s ability to generate funds from operations available for future capital expenditures, discretionary debt repayments, or other strategic initiatives.

Exchange rates calculated based on an exchange rate of 1.37437 Canadian dollars per 1.00 US dollar. All figures shown in press release are given in Canadian dollars (CAD) except where noted as US dollars (USD).

ABOUT ACT ENERGY TECHNOLOGIES
ACT Energy Technologies Ltd., headquartered in Calgary, Alberta, operates in Canada and the United States under the brands Altitude Energy Partners, Discovery Downhole Services, and Rime Downhole Technologies. ACT’s common shares trade on the Toronto Stock Exchange under the symbol “ACX”. ACT provides high-performance directional drilling services and downhole technologies to North American energy companies, delivering tailored solutions that improve drilling efficiency and reduce project costs. For more information, visit www.actenergy.com.

FORWARD-LOOKING INFORMATION
This news release contains statements and information that may constitute “forward-looking information” within the meaning of applicable securities legislation, including statements identified by the use of words such as “will”, “expects”, “positions”, “believe”, “potential” and similar words, including negatives thereof, or other similar expressions concerning matters that are not historical facts. Forward-looking information in this news release includes, but is not limited to, statements regarding: expected operational synergies; successful integration of Stryker’s assets, business and personnel; anticipated impacts on ACT’s U.S. job counts and technology offerings to customers; anticipated financial impacts; pay back; preliminary pre and post-acquisition cash, share and debt balances and ACT’s strategic plans.

Such forward-looking information is based on various assumptions that may prove to be incorrect, including, but not limited to, assumptions with respect to: the benefits from the Transaction; the integration of the Stryker business into the Company’s business; assumptions regarding usage of Stryker’s assets in the North American land drilling markets; conditions in the oil and gas markets and debt and equity markets generally; the ability of the Company to successfully implement its strategic plans and initiatives and whether such strategic plans and initiatives will yield the expected benefits. Although the Company believes that such assumptions are reasonable, the Company can give no assurance that such forward-looking statements will prove to be correct or that any of the events anticipated by such forward-looking statements will occur, or if any of them do so, what benefits the Company will derive therefrom.

Actual results could differ materially due to a number of factors and risks including, but not limited to: the risk that ACT will not be able to integrate the Stryker business as anticipated or at all; the risk that the Stryker business will not yield operational or financial benefits as anticipated or at all; the risk that demand for ACT’s services will not be as anticipated; conditions in the oil and gas and financial markets in Canada and the United States; the risk that the Company will not be able to identify and/or close on additional accretive opportunities in Canada and/or the U.S.; the ability of management to execute and fund its business strategy; and the impact of general economic conditions in Canada and the United States.

Additional information regarding risks and uncertainties of the Company’s business are contained under the heading “Risk Factors” in the Company’s annual information form for the financial year ended December 31, 2024 and the Company’s other public filings which are available under the Company’s profile on SEDAR+ at www.sedarplus.ca. The forward-looking information included in this news release is made as of the date of this news release and the Company does not undertake an obligation to publicly update such forward-looking information to reflect new information, future events or otherwise, except as required by applicable law.

This news release also contains financial outlook information (“FOFI“) about prospective results of operations, which are subject to the same assumptions, risk factors, limitations, and qualifications as set forth in the above paragraphs. FOFI contained in this news release was made as of the date of this news release to provide information about management’s current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for any other purpose. ACT disclaims any intention or obligation to update or revise any FOFI contained in this news release, whether as a result of new information, future events or otherwise, except as required by applicable law.

Requests for further information should be directed to:

Tom Connors, President & Chief Executive Officer
Rob Skilnick, Chief Financial Officer
ACT Energy Technologies Ltd. 
6030 3 Street S.E.
Calgary, Alberta T2H 1K2
Telephone: 403.265.2560, Fax: 403.262.4682
www.actenergy.com

Cision
Cision

View original content: http://www.newswire.ca/en/releases/archive/January2026/06/c8049.html

Categories
Base Metals Energy Junior Mining Precious Metals Project Generators

Scout Discoveries Closes US $6.0 Million Non-Brokered Private Placement

Key Take-AwaysNon-brokered Private Placement at US $1.50 per share successfully closed, raising US $6,024,748.50.Strong Shareholder Participation: 4,016,501 common shares issued to 62 accredited investors and institutions, with >70% of funds invested from existing shareholders.Funding Growth: Proceeds will support ongoing aggressive exploration and development across Scout’s project portfolio.
Coeur d’Alene, Idaho – January 5, 2026 – Scout Discoveries Corp. (“Scout” or “the Company”) is pleased to announce the closing of a non-brokered private placement (the “Offering”) to issue 4,016,501 common shares of the Company at a price of US $1.50 per share for aggregate gross proceeds of US $6,024,748.50 from 62 subscribers. The net proceeds from the Offering will support continued exploration, including drilling, target definition, and advancing current projects, as well as general corporate purposes.
“We appreciate the strong support from both existing and new shareholders at an implied post-money, fully diluted valuation of approximately US $72 million.” commented Curtis Johnson, President & CEO of Scout. “Completing this financing at a 50% premium to our last raise underscores the market’s confidence in our strategy and assets. With a strengthened balance sheet, Scout Discoveries is well-positioned to advance its core portfolio by continuing drilling at Cuddy Mountain, maintaining ongoing work at the Speed Goat Au-Cu project in Nevada, and initiating drilling with our partner Centerra at Lehman Butte in Q1 2026. In parallel, we will expand exploration and targeting across our large portfolio while actively evaluating strategic M&A and public listing pathways. It is an exceptional time to be an American gold, silver, and copper explorer, and we look forward to building on this momentum.”
The Offering and Investment were completed under Rule 506(b) of Regulation D promulgated by the SEC under the Securities Act of 1933, as amended (the “Securities Act”), solely to persons who qualify as accredited investors and in accordance with applicable securities laws. The securities offered in the Offering and Investment have not been and will not be registered under the Securities Act or the securities laws of any state of the United States and may not be offered or sold absent such registration or an applicable exemption from such registration requirements. The securities referenced herein have not been approved or disapproved by any regulatory authority. This release is issued for informational purposes pursuant to Rule 135c of the Securities Act and shall not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Scout Discoveries Corp.Scout Discoveries Corp., headquartered in Coeur d’Alene, Idaho, is a private U.S. mineral exploration company with a 100% ownership of five precious and base metals projects in Idaho, and a right to acquire 100% of seven additional projects, comprising one of the largest unpatented claim holdings in the state. Scout is focused on rapidly advancing its project portfolio through discovery with five internal core drill rigs and experienced technical and drilling teams.More information on Scout Discoveries Corp. can be found at: www.scoutdiscoveries.com

Forward-looking Statements

Certain statements in this news release are forward-looking and involve a number of risks and uncertainties. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to those risks set out in the Company’s public documents filed on EDGAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

Categories
Base Metals Energy Junior Mining Precious Metals

West Point Gold Provides Summary of Transformative 2025 and 2026 Outlook

Vancouver, British Columbia–(Newsfile Corp. – January 5, 2026) – West Point Gold Corp. (TSXV: WPG) (OTCQB: WPGCF) (FSE: LRA0) (“West Point Gold” or the “Company”) is pleased to report the highlights from what was a transformative 2025 and an update on its 2026 plans.

“2025 was a transformative year for West Point Gold. Our team delivered significant exploration results at Gold Chain, increasing our exploration target and adding to the Company’s Nevada portfolio with the Baxter Spring acquisition,” stated Derek Macpherson, President & CEO. “The continuity and grade improvement at NE Tyro, a strong balance sheet, and an expanded drill program have West Point Gold well-positioned to deliver a maiden resource in 2026 and unlock further value for shareholders. The precious metals market remains robust, and we remain committed to aggressive, systematic exploration. We thank our shareholders for their continued support and look forward to an exciting 2026.”

Highlights from 2025:

  • Drilled over 9,000 m in 2025, positioned to drill even more in 2026
  • Discovered and started delineating a new high-grade zone at northeast (NE) Tyro
  • Announced an updated exploration target, improving the expected grade of the Tyro Main Zone
  • Added a new advanced stage exploration project in Nevada, Baxter Spring
  • Strengthened the balance sheet with gross proceeds of C$13M from financings, warrant and option exercises in 2025.
  • A combination of exploration success and a strong balance sheet has resulted in the ongoing drill program being expanded to 15,000 m with the addition of a second drill rig

Expected Catalysts for 2026

  • Assay results from the ongoing, expanded drill program at Gold Chain
  • Maiden resource estimate for Tyro Main Zone.
  • Additional metallurgical testing results (Q1 2026).
  • Permitting approvals for drilling at Jefferson Canyon.

Gold Chain Project (Arizona) Highlights: 

West Point Gold’s flagship Gold Chain Project in Arizona continued to deliver significant results throughout 2025. In 2025, the Company completed 9,131 metres (“m”) of drilling at its Gold Chain project.

Drilling in H1 2025 allowed the Company to update its exploration target at the Tyro Main Zone to 19.5 to 31.2 million tonnes grading 2.0 to 3.0 g/t gold in September (press release). The potential tonnage and grade ranges are conceptual in nature. Currently, there is insufficient exploration drilling to define a mineral resource, and it is uncertain if further exploration will result in the exploration target being delineated as a mineral resource. Following the release of the exploration target, the Company started a 10,000 m drilling campaign, subsequently expanded to 15,000 m to both define a maiden resource at Tyro, expand the Tyro Main Zone to depth and test multiple step-out targets at the Gold Chain project.

Key 2025 drill results at Gold Chain include:

  • GC25-81: 36.6 m of 7.35 g/t gold (Au) from 161.5 m to 198.1 m, including 25.9 m of 9.95 g/t Au from 167.6 m to 193.5 m, extending the high-grade NE Tyro zone to depth (press release).
  • GC25-84: 24.4 m of 5.92 g/t Au at 120.4 m to 144.8 m, including 12.2 m of 10.51 g/t Au at 132.6 m to 144.8 m, 90 m below previous intercepts (press release).
  • GC25-83: 16.8 m of 8.30 g/t Au at 158.5 m to 175.3 m, including 6.1 m of 17.61 g/t Au at 167.6 m to 173.7 m, confirming continuity and grade improvement at depth (press release).
  • GC25-77 and GC25-78: Near-surface intercepts of 24.4 m at 1.63 g/t Au at 21.3 m to 45.7 m and 22.9 m at 1.56 g/t Au at 24.4 m to 47.2 m, respectively, extending mineralization 100 m northeast (press release).
  • GC25-47, GC25-48 and GC25-49: 33.5 m at 5.46 g/t Au at 82.3 m to 115.8 m, 29.0 m at 6.02 g/t Au at 83.8 m to 112.0 m and 30.5 m at 9.05 g/t Au at 110.6 m to 131.1 m, respectively, in the Tyro Main Zone (press release).

These results demonstrate the continuity of mineralization along strike and at depth, but also the presence of broad, high-grade zones typical of low-sulphidation epithermal systems. The NE Tyro zone has shown grade improvement at depth, with coalescing veins and a robust alteration signature.

The Company also completed initial metallurgical testing of the Tyro Main Zone. The preliminary metallurgical bottle roll tests completed in July 2025 indicated gold recoveries up to 86% (press release), with finer grind sizes yielding higher recoveries. Additional metallurgical testing is underway, with results expected in Q1 2026.

Baxter Spring Project (Nevada) Acquisition 
In October 2025, West Point Gold finalized the acquisition of the advanced-stage Baxter Spring Project in Nevada’s Manhattan Mining District, adding an asset capable of being the cornerstone of its Nevada portfolio. The project, located approximately 40 kilometres south of Kinross’s Round Mountain Mine and near the Company’s Jefferson Canyon Project, comprises 137 unpatented federal lode claims over 2,829 acres (press release).

Historical exploration at Baxter Spring comprises 128 drill holes, approximately 11,000 m of reverse circulation (RC) drilling, 1,850 m of core drilling, and surface geochemical and geophysical surveys.

Historical drilling on the project is highlighted by:

  • 24.4 m at 2.49 g/t Au (BS-22, Homestake Mining, 1982)
  • 12.2 m at 60.3 g/t Au, including 3.0 m at 240 g/t Au (BS-8, Homestake Mining, 1982)
  • 27.4 m at 1.46 g/t Au (BX-1, Naneco, 1988)
  • 7.6 m at 8.81 g/t Au (BX-13, Naneco, 1988)
  • 69.0 m at 0.71 g/t Au (BCS-1, Homestake Mining, 1984)

Jefferson Canyon Project (Nevada) 
The Jefferson Canyon Project, located near Round Mountain, is being advanced under a strategic exploration and option agreement with Kinross Gold USA Inc. West Point Gold and Kinross continue towards permitting a drill program at Jefferson Canyon.

2025 Corporate Highlights:

  • Financings:
    • C$8 million financing closed in June 2025 (press release), adding new key institutional shareholders.
    • C$5.0 million in warrants and options exercised throughout 2025, including C$3.3 million in Q4 2025.
    • As of December 31, 2025, the Company had C$7.4 million in cash.
  • Management, Director, and Advisory Additions:
    • Derek Macpherson was appointed President and CEO, transitioning from Executive Chairman (press release).
    • Andrew Bowering was appointed as Director, bringing over 35 years of capital markets and mining experience, including founding Prime Mining (acquired by Torex Gold) and Millennial Lithium (acquired by Lithium Americas) (press release).
    • Anthony Paterson was appointed Chairman, with a background in financing and business development (press release).
    • Mark Reischman joined as Technical Advisor, bringing more than 40 years of experience in the Walker Lane Trend, notably on the Silicon and Merlin Deposits (press release).
    • Axemen Resource Capital was appointed as Strategic Advisor (press release).

2026 Outlook: Exploration Plans, Catalysts, and Strategic Priorities

Gold Chain Project: Aggressive Expansion and Resource Definition 
In 2026, West Point Gold will continue its aggressive exploration at Gold Chain, focusing on:

  • Completion of the 15,000 m drill program, targeting NE Tyro, Tyro South (1.2 km extension), and multiple step-out targets (Sheep Trail, Black Dyke, Gold Chain Hill, Union Pass Corridor and Frisco Graben).
  • Delivery of a maiden resource estimate for Tyro Main Zone.
  • Additional metallurgical testing to optimize recovery and processing parameters.
  • Permitting for new drill sites on non-patented claims, enabling systematic testing of multiple targets simultaneously.

The addition of a second drill rig in January 2026 will accelerate data collection and resource delineation, positioning the Company for potential economic studies.

Baxter Spring Project 
West Point Gold plans to design and permit a 5,000 m drill program at Baxter Spring in 2026, following a comprehensive compilation of historical data, geological modelling, and permitting. The program aims to validate and expand known high-grade zones and establish the project’s resource potential.

Jefferson Canyon Project 
The effort to permit a maiden drill program at Jefferson Canyon, with the potential for drilling to occur in 2026. Permits and the exploration program are key steps in progressing Jefferson Canyon towards a joint venture. The partnership provides West Point Gold with exposure to a major producer’s technical and financial resources, while retaining significant upside through its retained interest and royalty provisions.

Qualified Person 
Robert Johansing, M.Sc. Econ. Geol., P. Geo., the Company’s Vice President, Exploration, is a qualified person (“QP”) as defined by NI 43-101 and has reviewed and approved the technical content of this press release.

About West Point Gold Corp. 
West Point Gold is an exploration and development company focused on unlocking value across four strategically located projects along the prolific Walker Lane Trend in Nevada and Arizona, USA, providing shareholders with exposure to multiple discovery opportunities across one of North America’s most productive gold regions. The Company’s near-term priority is advancing its flagship Gold Chain Project in Arizona.

For further information regarding this press release, please contact: 
Aaron Paterson, Corporate Communications Manager
Phone: +1 (778) 358-6173
Email: info@westpointgold.com

Stay Connected with Us: 
LinkedIn: linkedin.com/company/west-point-gold
X (Twitter): atwestpointgoldUS
Facebook: facebook.com/Westpointgold/
Website: westpointgold.com/

FORWARD-LOOKING STATEMENTS:

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company’s current belief or assumptions as to the outcome and timing of such future events including, among others, assumptions about future prices of gold, silver, and other metal prices, currency exchange rates and interest rates, favourable operating conditions, political stability, obtaining government approvals and financing on time, obtaining renewals for existing licenses and permits and obtaining required licenses and permits, labour stability, stability in market conditions, availability of equipment, availability of drill rigs, and anticipated costs and expenditures. The Company cautions that all forward-looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors, many of which are beyond the Company’s control. Such factors include, among other things: risks and uncertainties relating to West Point Gold’s ability to complete any payments or expenditures required under the Company’s various option agreements for its projects; and other risks and uncertainties relating to the actual results of current exploration activities, the uncertainties related to resources estimates; the uncertainty of estimates and projections in relation to production, costs and expenses; risks relating to grade and continuity of mineral deposits; the uncertainties involved in interpreting drill results and other exploration data; the potential for delays in exploration or development activities; uncertainty related to the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results may vary from those expected; statements about expected results of operations, royalties, cash flows, financial position may not be consistent with the Company’s expectations due to accidents, equipment breakdowns, title and permitting matters, labour disputes or other unanticipated difficulties with or interruptions in operations, fluctuating metal prices, unanticipated costs and expenses, uncertainties relating to the availability and costs of financing needed in the future and regulatory restrictions, including environmental regulatory restrictions. The possibility that future exploration, development or mining results will not be consistent with adjacent properties and the Company’s expectations; operational risks and hazards inherent with the business of mining (including environmental accidents and hazards, industrial accidents, equipment breakdown, unusual or unexpected geological or structural formations, cave-ins, flooding and severe weather); metal price fluctuations; environmental and regulatory requirements; availability of permits, failure to convert estimated mineral resources to reserves; the inability to complete a feasibility study which recommends a production decision; the preliminary nature of metallurgical test results; fluctuating gold prices; possibility of equipment breakdowns and delays, exploration cost overruns, availability of capital and financing, general economic, political risks, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks involved in the mineral exploration and development industry, and those risks set out in the filings on SEDAR made by the Company with securities regulators. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this corporate press release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, other than as required by applicable securities legislation.

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/279404

Categories
Base Metals Energy Exclusive Interviews Junior Mining Precious Metals

Apollo Silver Announces $2.5 Million Upsize to Previously Announced Financing to Allow for Insider Participation

VANCOUVER, British Columbia, Dec. 29, 2025 (GLOBE NEWSWIRE) — Apollo Silver Corp. (“Apollo Silver” or the “Company”) (TSX.V:APGO, OTCQB:APGOF, Frankfurt:6ZF) is pleased to announce that it has upsized its previously announced non-brokered private placement by an additional $2,500,000, to be subscribed for primarily by insiders of the Company, for total aggregate gross proceeds of up to $27,500,000, through the issuance of up to 5,500,000 units (the “Units”) at a price of $5.00 per Unit (the “Upsized Offering”).

As previously announced, Mr. Eric Sprott and a fund managed by Jupiter Asset Management (the “Jupiter Fund”), Apollo Silver’s two largest shareholders, are participating in the Upsized Offering, and will each subscribe for 2,500,000 Units of the Company, for combined gross proceeds of $25,000,000. Following completion of the Upsized Offering, the Jupiter Fund will own approximately 12% of Apollo Silver’s issued and outstanding common shares, while Eric Sprott will own approximately 9.5%, on an undiluted basis. On a partially diluted basis, each investor’s ownership interest will increase accordingly.

Each Unit issued pursuant to the Upsized Offering will consist of one common share (a “Share”) in the capital of the Company and one common Share purchase warrant (a “Warrant”). Each Warrant entitles the holder thereof to purchase one Share at an exercise price of $7.00 for 24 months from the closing date of the Upsized Offering.

All securities issued in connection with the Upsized Offering will be subject to a four-month hold period from the date of closing. Finder’s fees may be payable on some or all of the funds raised, in accordance with the policies of the TSX Venture Exchange (the “TSXV”). The Company intends to use the net proceeds from the Upsized Offering to fund exploration and development activities across the Company’s projects, as well as for general working capital and corporate purposes.

Closing of the Upsized Offering is subject to regulatory approval, including that of the TSXV.

The Upsized Offering is expected to include participation by certain insiders of the Company for an aggregate amount of up to $2,500,000. Such participation constitutes a “related party transaction” under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The issuance of securities to insiders will be exempt from the valuation requirement pursuant to section 5.5(b) of MI 61-101, as the Company’s shares are not listed on a specified market, and from the minority shareholder approval requirement pursuant to section 5.7(a) of MI 61-101, as the fair market value of the securities issued to related parties will not exceed twenty-five percent of the Company’s market capitalization.

The Shares have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any U.S. state securities laws, and may not be offered or sold in the United States without registration under the U.S. Securities Act and all applicable state securities laws or compliance with the requirements of an applicable exemption therefrom. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Apollo Silver Corp.

Apollo Silver is advancing one of the largest undeveloped primary silver projects in the US. The Calico project hosts a large, bulk minable silver deposit with significant barite credits – a critical mineral essential to the US energy and medical sectors. The Company also holds an option on the Cinco de Mayo Project in Chihuahua, Mexico, which is host to a major carbonate replacement (CRD) deposit that is both high-grade and large tonnage. Led by an experienced and award-winning management team, Apollo Silver is well positioned to advance the assets and deliver value through exploration and development.

Please visit www.apollosilver.com for further information.

ON BEHALF OF THE BOARD OF DIRECTORS

Ross McElroy
President and CEO

For further information, please contact:

Email: info@apollosilver.com

Telephone: +1 (604) 428-6128

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

Cautionary Statement Regarding “Forward-Looking” Information

This news release includes “forward-looking statements” and “forward-looking information” within the meaning of Canadian securities legislation. All statements included in this news release, other than statements of historical fact, are forward-looking statements including, without limitation, statements with respect to the expected timing for completion of the Upsized Offering, and the intended use of proceeds from the Upsized Offering. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as “anticipate”, “believe”, “plan”, “estimate”, “expect”, “potential”, “target”, “budget” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions and includes the negatives thereof.

Forward-looking statements are based on the reasonable assumptions, estimates, analysis, and opinions of the management of the Company made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management of the Company believes to be relevant and reasonable in the circumstances at the date that such statements are made. Forward-looking information is based on reasonable assumptions that have been made by the Company as at the date of such information and is subject to known and unknown risks, uncertainties and other factors that may have caused actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: risks associated with mineral exploration and development; metal and mineral prices; availability of capital; accuracy of the Company’s projections and estimates; realization of mineral resource estimates, interest and exchange rates; competition; stock price fluctuations; availability of drilling equipment and access; actual results of current exploration activities; government regulation; political or economic developments; environmental risks; insurance risks; capital expenditures; operating or technical difficulties in connection with development activities; personnel relations; and changes in Project parameters as plans continue to be refined. Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to the price of silver, gold and barite; the demand for silver, gold and barite; the ability to carry on exploration and development activities; the timely receipt of any required approvals; the ability to obtain qualified personnel, equipment and services in a timely and cost-efficient manner; the ability to operate in a safe, efficient and effective matter; and the regulatory framework regarding environmental matters, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate and actual results, and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information contained herein, except in accordance with applicable securities laws. The forward-looking information contained herein is presented for the purpose of assisting investors in understanding the Company’s expected financial and operational performance and the Company’s plans and objectives and may not be appropriate for other purposes. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.