Denver, Colorado–(Newsfile Corp. – March 2, 2026) – Elemental Royalty Corporation (TSXV: ELE) (NASDAQ: ELE) (“Elemental” or the “Company“) is pleased to announce the signing of an amendment to the Company’s existing Revolving Credit Facility (the “Facility”), which has now been upsized to US$150 million with a US$50 million Accordion feature (the “Accordion”). National Bank Capital Markets and Canadian Imperial Bank of Commerce (“CIBC”) acted as Co-Lead Arrangers on the transaction, with National Bank Capital Markets also acting as Sole Bookrunner. National Bank of Canada (“NBC”) acted as Administrative Agent. Each of NBC, CIBC and The Bank of Nova Scotia (“Scotia”) acted as Lenders (together “the Lenders”).
Highlights
US$150 million Revolving Credit Facility with NBC, CIBC, and Scotia
US$50 million Accordion feature available, subject to certain conditions
Expanded Credit Facility solidifies Elemental’s strong foundation from which to transact on further accretive royalties and stream opportunities
The Facility matures on February 27, 2029
Stefan Wenger, Chief Financial Officer of Elemental Royalty, commented: “Upsizing our credit facility represents a strong vote of confidence from our banking partners at NBC, CIBC, and Scotia, and reflects the momentum of our business following a transformational year in 2025, which included our merger and our listing on Nasdaq. This expanded capacity enhances Elemental’s strong cash position and financial flexibility and provides additional headroom to support more material future transactions. We’re pleased to have secured the facility on attractive terms, reinforcing our disciplined approach to capital management and our focus on long-term stakeholder value.”
Terms of the Transaction The Company has entered into an agreement with NBC, CIBC, and Scotia for a US$150 million Facility, with an option to increase to a total of US$200 million through an Accordion facility of US$50 million, subject to the satisfaction of certain conditions. This is an amendment to the currently undrawn facility of US$50 million.
The Facility has a term of three years, extendable through mutual agreement between Elemental and the Lenders. Depending on the Company’s leverage ratio, the amounts drawn on the Facility are subject to interest at SOFR plus 2.25%-3.5% per annum and the undrawn portion is subject to a standby fee of 0.50%-0.78% per annum.
The Facility has been entered into by Elemental as borrower, NBC as Administrative Agent, National Bank Capital Markets as Sole Bookrunner and Co-Lead Arranger, CIBC as Co-Lead Arranger and Syndication Agent.
About Elemental Royalty Corporation. Elemental Royalty is a new mid-tier, gold-focused streaming and royalty company with a globally diversified portfolio of 18 producing assets and more than 200 royalties, anchored by cornerstone assets and operated by world-class mining partners. Formed through the merger of Elemental Altus and EMX, the Company combines Elemental Altus’s track record of accretive royalty acquisitions with EMX’s strengths in royalty generation and disciplined growth. This complementary strategy delivers both immediate cash flow and long-term value creation, supported by a best-in-class asset base, diversified production, and sector-leading management expertise.
Elemental Royalty trades on the TSX Venture Exchange and on NASDAQ under the ticker Symbol “ELE”.
Forward-Looking Statements This news release contains certain “forward looking statements” and certain “forward-looking information” as defined under applicable Canadian securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as “may”, “will”, “should”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans” or similar terminology (including negative and grammatical variations thereof).
Forward-looking statements and information include, but are not limited to, statements regarding future royalties and future consideration payments or issuances of shares, or other statements that are not statements of fact. Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies.
Financial outlook contained in this news release includes: the Company’s 2025 cash position of approximately $53 million (as the Company’s audited annual financial statements are not yet completed).
Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of Elemental Royalty to control or predict, that may cause Element’s actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including but not limited to: the impact of general business and economic conditions, the absence of control over the mining operations from which Elemental will receive royalties, risks related to international operations, government relations and environmental regulation, the inherent risks involved in the exploration and development of mineral properties; the uncertainties involved in interpreting exploration data; the potential for delays in exploration or development activities; the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results will not be consistent with Elemental’s expectations; accidents, equipment breakdowns, title matters, labour disputes or other unanticipated difficulties or interruptions in operations; fluctuating metal prices; unanticipated costs and expenses; uncertainties relating to the availability and costs of financing needed in the future; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations; currency fluctuations; regulatory restrictions, including environmental regulatory restrictions; liability, competition, loss of key employees and other related risks and uncertainties. For a discussion of important factors which could cause actual results to differ from forward-looking statements, refer to the annual information form of Elemental for the year ended December 31, 2024. Elemental Royalty undertakes no obligation to update forward-looking statements and information except as required by applicable law. Such forward-looking statements and information represents management’s best judgment based on information currently available. No forward-looking statement or information can be guaranteed, and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.
Neither the TSX-V, its Regulation Service Provider (as that term is defined in the policies of the TSX-V), or the Nasdaq Stock Market LLC accepts responsibility for the adequacy or accuracy of this press release.
Edmonton, Alberta–(Newsfile Corp. – February 26, 2026) – Grizzly Discoveries Inc. (TSXV: GZD) (FSE: G6H) (OTCQB: GZDIF) (“Grizzly” or the “Company”) is pleased to announce that preliminary results have been received from Peter E. Walcott and Associates from an Induced Polarization (IP) program conducted in February 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 follow-up exploration including drilling. A total of four lines of IP for 4.5 line-kms were completed. Further IP work is being planned prior to the commencement of drilling. Due to current weather conditions and the desire to complete more IP, the fully funded drilling of 4 to 6 drillholes and about 1,500 to 2,000 m at Sappho is slated to commence approximately early to mid-April.
Highlights
The IP survey has yielded a significant near surface conductivity anomaly on Lines 9600 and 9700 North coincident with Main Showings and the Skarn intersected in drilling in holes 10SP02 and 10SP03 in 2010 (Figures 2 and 3).
Follow-up drilling (fully funded) is planned to test the conductive zone this April.
The IP Survey has detected a new significant deeper chargeability anomaly on the southeast part of the grid – likely up against one of the Main Sappho faults (Figures 4 to 6). The chargeability anomaly is not closed off and is on the order of 20 to 30 millivolts per volt and is consistent with a number of porphyry targets that have yielded new discoveries in BC recently.
Five (5) new sulphide showings were discovered during 2022 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).
A total of 17 rock grab samples 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 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.
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 a 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. These higher grade zones were contained within a 63.5 m core length zone logged as a pyroxene – sulphide skarn with a grade approaching 0.7% copper equivalent derived from current metal prices for Cu, Au, Ag, Pt and Pd. 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 and Planned IP and Drillhole Locations.
Brian “Griz” Testo, President & CEO of Grizzly Discoveries, states: “Anomalous ground magnetics and now IP has outlined multiple new targets across the Sappho Project. I am excited to see what the next phase of IP work and drilling might show us – Grizzly will continue to refine these targets to the drill ready stage for drilling in the next couple of months and I look forward to identifying some new discoveries.”
Figure 2: Sappho IP Results Showing Conductivity Anomaly Lines 9600 and 9700.
The Company is continuing with surface exploration in the Greenwood area. Crews from APEX Geoscience Ltd. completed rock sampling in August through to November and again in January. The exploration work is ongoing and includes prospecting and rock sampling at targets in the Rock Creek area, the Midway area, the Copper Mountain area, the Overlander-Attwood area and the Sappho (Figure 7). 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 7). Rock sampling results (>220 samples) from the 2025 fieldwork are pending and will be released as they are received.
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 a highly experienced junior resource sector management team, who have a track record of advancing exploration projects from early exploration stage through to feasibility stage.
QUALIFIED PERSON STATEMENT
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 Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects.
On behalf of the Board,
GRIZZLY DISCOVERIES INC. Brian Testo, CEO, President
Suite 363-9768 170 Street NW Edmonton, Alberta T5T 5L4
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.
Vancouver, British Columbia–(Newsfile Corp. – February 26, 2026) – Riverside Resources Inc. (TSXV: RRI) (OTCQB: RVSDF) (FSE: 5YY0) (“Riverside” or the “Company“), is pleased to announce early 2026 assay and porphyry Cu exploration results at the 100%-owned Ariel Copper Project (the “Ariel Project” or “Ariel”) in Sonora, Mexico. Ariel is a drill-permitted, district-scale porphyry copper-gold set of targets located approximately 18 km east-southeast of the La Caridad copper mining complex in the highly productive Laramide-age Arizona-Sonora copper mining belt.
2026 Exploration Highlights
High-grade base metals with 5.4% Pb, 320 g/t Ag in veins both as targets and high-level, lateral indicators for the Ariel Porphyry Cu target
Sampling of veins in the north as shown on maps and cross section below link for the upgrade porphyry Cu target linking Maria Luisa and Ariel targets
Age dating at Ariel provides similar age to La Caridad and Cananea Mine host rocks further linking the geologic comparisons for the project to major copper districts
Applying spectral mineral analysis (near-infrared/short-wave infrared methods) to map alteration minerals commonly associated with porphyry and high-sulphidation systems, including advanced argillic assemblages and breccia-related alteration styles documented at Ariel.
Integrating mapping, alteration interpretation, and regional geophysical datasets to prioritize drill collars within permitted areas with full drive-up easy access.
Riverside sees the project ready for partnering and moving ahead as it has multiple partnerships with diverse companies on the Riverside portfolio, Ariel is now ready for partnering and drilling toward making a major copper discovery.
Building on Riverside’s consolidation of the Ariel Project through acquisition of the adjacent Maria Luisa concessions, the Company has now conducted expanded early 2026 field work and has received high grade silver and lead samples from veins, porphyry style alterations, and turquoise mines that are all part of the advancing target definition work with detailed mapping, sampling, alteration mineral studies summarized in the graphics below. These high grades are significant because they are comparable to those seen in other major Arizona-Sonora mining camps, where early mining of silver veins later evolved into major copper discoveries at more than a dozen large mines, including Cananea, La Caridad, Bisbee, Resolution, Morenci, and Ray, to name a few.
“Riverside early 2026 field program at the Ariel and Maria Luisa mineral concessions now consolidated into a single, fully permitted drill-ready project area found high grade precious and base metals typical of the major copper mines in the region and now the targets at Ariel continue to improve as the Company derisks the project with systematic fieldwork to sharpen targeting and prepare it for partnering and immediate drilling,” said John-Mark Staude, CEO of Riverside Resources. “The combination of geologic mapping, geochemistry, alteration mineral studies, and integrated geophysics is providing stronger vectors into the most prospective zones. Ariel remains a compelling, undrilled copper district target in a premier belt, with excellent access, safety and infrastructure. The recent geochemistry continues to enhance the porphyry Cu target potential at Ariel.”
Exploration Work and Targeting Progress
Riverside has full mineral title for the Ariel property and has advanced copper exploration through database compilations, field mapping, sampling, remote sensing, mineral concession consolidation and regional geophysical data interpretation, leading to the definition of two principal porphyry target areas (Ariel and Maria Luisa). The project has seen limited to no historical drilling to Riverside’s knowledge, and the Company considers Ariel a high-quality, drill-stage copper district target with extensive exposed targets and additional areas masked by shallow post-mineral cover. The Project is available for partnership per the Company’s business model of project generation; however, the Company could choose to drill the project given the quality exploration district.
Project Highlights
District-scale, consolidated footprint: Ariel totals 1,640 hectares (16 km²) across five fully titled concessions in good standing, including the Maria Luisa area, providing multiple priority target zones for drill testing.
Two priority target styles defined: Ongoing work continues to refine (1) a porphyry copper target with near surface copper sulphides and oxides, and (2) an epithermal arget interpreted as the upper portion of a porphyry system, consistent with alteration, veining and breccia styles with walk up safe, easy access on private ranch land.
Modern scientific exploration tools improving vectoring: Riverside is applying portable geochemical and mineralogical tools (including portable XRF and short-wave/infrared spectral mineral scanning) to distinguish vein and alteration assemblages and prioritize drill-ready areas.
Strategically located in the Sonora, Mexico Laramide copper belt and less than 20km from the La Caridad Cu-Mo porphyry mining complex, with additional regional porphyry prospects in the district.
Ariel is underlain by Late Cretaceous volcanic rocks of the Tarahumara Formation intruded by Paleocene (ca. 57 Ma) porphyritic intrusions comparable in age to regional porphyry mineralization events similar to many of the mines in the Arizona- Sonora Belt which includes over 10 significant copper operations.
2026 Sampling North Area – “Maria Luisa” Epithermal Target
New exploration geochemistry results from the early 2026 program for the Maria Luisa part of the Ariel Project have high grade Ag and Pb typical of lateral expressions of porphyry copper like those in Arizona at Resolution, Globe-Miami and Bingham in Utah. Here, silver values reach up to >10 oz/t Ag and Pb values reach up to 5.4%, along with gold anomalies of up to 0.4 g/t Au, as shown in the Table, Summary Map, and Cross Section figures in this news release. The sampling showed multiple sets of parallel veining consistent with what is common in major copper districts. Chip samples ranging from 0.5 to 1.5 m were taken by cutting the veins perpendicularly. Some select sample results include:
Sample Number
Assays
RRI-12911
0.42 g/t Au, 0.07%Pb
RRI-12912
1.36% Pb, 0.36 g/t Au,
RRI-12913
3.14% Pb, 0.14% Zn
RRI-12914
1.03% Pb
RRI-12918
138 g/t Ag, 5.39% Pb, 0.34 g/t Au
RRI-1412
225 g/t Ag
RRI-1419
320 g/t Ag
RRI-1425
161 g/t Ag
RRI-1545
200 g/t Ag, 0.657 g/t Au, 1% Pb
RRI-11122
0.5 g/t Au, 0.131% Pb
Table 1. Highlights of rock sampling in the northern zone of the Ariel project at Maria Luisa target with high silver and lead typical of the Arizona Sonora major copper operating districts by Riverside.
Figure 1. Drone photo looking NNE up the cross-section line from Ariel porphyry in the south toward the yellow loop and the Maria Luisa epithermal shown in blue loop in the north with epithermal Ag-Pb veins and overall distal parts of the drill ready porphyry target.
Figure 2: Map of the rock chip assays and sampling locations of recent results and other Riverside assay exploration data with expanded area showing some detail of the Maria Luisa high grade veins. Rock chip geochemical samples collected in 2026 (red) and similar results from previous sampling (yellow) part of epithermal target in the north and porphyry copper target of Ariel in the south.
Figure 3. Schematic section showing copper porphyry in red and epithermal in yellow cross hatch color to the north and over top with assays of >5% Pb and >130 gpt Ag typical for the high sulfidation veins potentially emanating from a related porphyry copper
Rock chip sampling at Ariel was taken generally of 1.5m chip channel and select pieces of rock materials from outcrops. Samples were then shipped for analysis by ACT Labs in Zacatecas, Mexico. Samples were analyzed for by gold fire assay, with pulps analyzed with Inductively Coupled Plasma-Mas Spectrometry (“ICP-MS”) following four-acid digestion to determine silver, base metals, and pathfinders. Samples were maintained in chain of custody being delivered to the laboratory in sealed bags. Standards and blanks were inserted every 20 samples and 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. Historic samples were analyzed using the same procedures with samples delivered to Bureau Veritas (Hermosillo, Sonora) for gold fire assay, with pulps forwarded to Vancouver, Canada for Inductively Coupled Plasma-Mas Spectrometry (“ICP-MS”) following four-acid digestion to determine silver, base metals, and pathfinders.
Qualified Person
The technical content of the news release has been reviewed and approved by Freeman Smith, P.Geo. (British Columbia), a qualified person under National Instrument 43-101 who is non-independent and the Vice President Exploration for the Company.
About Riverside Resources Inc.:
Riverside is a well-funded exploration company driven by value generation and discovery. The Company has a strong balance sheet with over C$5,000,000 cash, 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 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. Phone: (778) 327-6671 TF: (877) RIV-RES1 Web: www.rivres.com
Certain statements in this press release may be considered forward-looking information. These statements can be identified by the use of forward-looking terminology (e.g., “expect”,” estimates”, “intends”, “anticipates”, “believes”, “plans”). Such information involves known and unknown risks — including the availability of funds, the results of 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.
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.
Vancouver, British Columbia–(Newsfile Corp. – February 23, 2026) – West Point Gold Corp. (TSXV: WPG) (OTCQB: WPGCF) (FSE: LRA0) (“West Point Gold” or the “Company“) is pleased to announce that it has been recognized as a 2026 Top 50 Company by the TSX Venture Exchange (“TSXV”).
The TSX Venture 50™ is an annual ranking of the top performing companies from the past year on TSXV based on three equally weighted criteria: market capitalization growth, share price appreciation and trading value. The TSX Venture 50™ showcases the top 50 of the over 1,600 TSXV issuers.
“We are honoured to be recognized as a member of the 2026 TSX Venture 50™. This recognition reflects the hard work of the team and West Point Gold, which resulted in strong share price performance in 2025. Following the completion of our recent financing, we are well-funded to continue creating value for shareholders in 2026. We thank our shareholders for their ongoing support, and hope to connect with many of them at upcoming events.”
Over the past year, the Company has advanced exploration and technical programs at its flagship Gold Chain project in Arizona, and acquired the Baxter Spring property, expanding its Nevada portfolio. West Point Gold remains focused on operational discipline and building lasting shareholder value.
Upcoming Events West Point Gold is pleased to be attending the Red Cloud Pre-PDAC event on February 26th – 27th, exhibiting at the Metal Investors Forum (“MIF”) — Toronto, on February 27th – 28th, and will be exhibiting at the Prospector’s and Developers International Convention (“PDAC”) being held March 1st – 4th, 2026 at the Metro Toronto Convention Centre (“MTCC”) in Toronto, Canada.
February 26 – 27 – Red Cloud Pre-PDAC West Point will attend the conference at The OMNI King Edward Hotel, and CEO and President Derek Macpherson is scheduled to present from 4:00-4:20 PM in Vanity Fair on Thursday, February 26th. For more information about the event and registration, please visit the Red Cloud website.
February 27 – 28 MIF Toronto West Point will be exhibiting at the conference held at the Delta Hotel, where CEO and President Derek Macpherson is scheduled to present at 3:10 PM on Saturday, February 28th. For more information about the event and registration, please visit the MIF website.
March 1 – 4 PDAC Booth Location West Point Gold will be exhibiting at booth 3005 in the Investors Exchange located in the MTCC South Building, Level 800. For more information about PDAC and registration, please visit the PDAC website.
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:
FORWARD-LOOKING STATEMENTS: Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance and the proposed Offering. Forward-looking statements include estimates and statements that describe the Company’s private placement, 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 the Company’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.
With one major exception, the data shows that one country will dominate future refining shares. China.
China to Dominate the Future of Critical Mineral Refining
By 2030, China will play a dominant role in lithium, rare earth elements (REEs), cobalt, and graphite, controlling nearly 60% of all critical mineral refining. Such concentrated processing capacity offers efficiencies that may lower costs but heightens geopolitical risk for downstream buyers.
It also leaves limited room for late-moving countries looking to gain share without major capital commitments.
Country
🟫 Nickel
🔌 Copper
🔋 Lithium
🧲 REE
⚗️ Cobalt
✏️ Graphite (Synthetic)
🪨 Graphite (Natural)
China
6.24%
44.63%
60.86%
86.11%
71.42%
85.16%
70.50%
Indonesia
71.24%
—
—
—
—
—
6.30%
Russia
3.26%
—
—
—
—
—
—
DRC
—
7.96%
—
—
—
—
—
India
—
6.41%
—
—
—
3.06%
—
Chile
—
—
11.59%
—
—
—
—
Argentina
—
—
11.58%
—
—
—
—
United States
—
—
—
5.14%
—
2.79%
7.22%
Malaysia
—
—
—
2.27%
—
—
—
Finland
—
—
—
—
5.87%
—
0.69%
Canada
—
—
—
—
5.73%
—
4.47%
South Korea
—
—
—
—
—
—
3.56%
Australia
—
—
—
—
—
—
2.01%
Sweden
—
—
—
—
—
—
1.84%
Morocco
—
—
—
—
—
—
1.15%
Saudi Arabia
—
—
—
—
—
—
0.94%
Uganda
—
—
—
—
—
—
0.72%
Tanzania
—
—
—
—
—
—
0.58%
🌍 Other
19.27%
40.99%
15.98%
6.49%
16.97%
8.98%
—
Nickel’s Outlier: Indonesia Leads, China Trails
Nickel is the one mineral where China is not on top. Indonesia will command over 71.24% of refined nickel by leveraging its large ore reserves, expanding low-cost refineries, and enforcing a ban on raw ore exports.
China’s share is just 6.24%, with Russia at 3.26% and the rest of the world spread across “Other” at 19.27%. This shift positions Indonesia as a price-setting force in nickel used for stainless steel or EV batteries.
Copper Is More Fragmented; North America Plays Niche Roles
Copper refining is relatively diversified. China holds 44.63%, but “Other” countries make up 40.99%, indicating broader global refining capacity.
The U.S. appears notably in rare earths (REEs) at 5.14%, while Finland and Canada register meaningful shares in cobalt at 5.87% and 5.73%, respectively.
These footholds can strengthen regional EV supply chains, but they still pale in comparison to China’s scale.
Vancouver, British Columbia–(Newsfile Corp. – February 19, 2026) – West Point Gold Corp. (TSXV: WPG) (OTCQB: WPGCF) (FSE: LRA0) (“West Point Gold” or the “Company”) is pleased to announce the closing of its previously announced “commercially reasonable efforts” private placement for aggregate gross proceeds of approximately C$25 million (the “Offering”) for 22,727,300 common shares (the “Shares”) at an issue price of C$1.10 per Share (the “Issue Price”) with SCP Resource Finance LP, as lead agent, together with ATB Cormark Capital Markets, Red Cloud Securities Inc., Paradigm Capital Inc. and Canaccord Genuity Inc. (collectively, the “Agents”).
As consideration for their services, the Agents received an aggregate cash commission of C$837,470, which is equal to 5% of the gross proceeds of the Offering, other than Shares sold to purchasers on the Company President’s List, which were subject to a reduced cash commission of 2%. Each of SCP Resource Finance LP and Red Cloud Securities Inc. elected to receive 50% of their cash commission in Shares, representing 264,162 Shares at the Issue Price (“Agent Option Shares“). The Agents were also paid an advisory fee of C$34,741. As additional consideration for their services, the Agents were also issued 1,045,456 broker warrants (“Broker Warrants“) equal to 5% of Shares sold, except that no broker warrants were issued for Shares sold to purchasers on the President’s List. Each Broker Warrant issued is exercisable to purchase one Share at the Issue Price until February 19, 2028 (“Broker Warrant Shares“).
The Company intends to use the net proceeds from the Offering for exploration and advancement of the Company’s Gold Chain Project in Arizona, USA, and for general corporate and working capital purposes.
All Shares, including the Agent Option Shares, and Broker Warrants and Broker Warrant Shares issued under the Offering are subject to a statutory hold period in accordance with applicable Canadian securities laws, expiring June 20, 2026. The Offering remains subject to the final acceptance of the TSX Venture Exchange.
Directors of the Company including Andrew Bowering, Anthony Paterson and Conrad Nest participated in the Offering and acquired 659,600 Shares for C$725,560. The participation of these insiders in the Offering constitutes a Related Party Transaction within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101“). The board of directors of the Company, with Messrs. Bowering, Paterson and Nest abstaining, determined that the transaction is exempt from the formal valuation and minority shareholder approval requirements based on the exemptions contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 for the related party transaction, as neither the fair market value of securities issued to the insiders nor the consideration paid by the insiders exceeded 25 percent of the Company’s market capitalization. The Company did not file a material change report in respect of the transaction 21 days in advance of the closing of the Offering because insider participation had not previously been confirmed and the shorter period was necessary in order to permit the Company to close the Offering in a timeframe consistent with usual market practice for transactions of this nature.
About West Point Gold Corp. West Point Gold Corp. (formerly Gold79 Mines Ltd.) is a publicly listed company focused on gold discovery and development at four prolific Walker Lane Trend projects covering Nevada and Arizona, USA. West Point Gold is focused on developing a maiden resource at its Gold Chain project in Arizona, while JV partner Kinross is advancing the Jefferson Canyon project in Nevada.
For further information regarding this press release, please contact: Aaron Paterson, Corporate Communications Manager Phone: +1 (778) 358-6173 Email: info@westpointgold.com
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.
Not for distribution to United States newswire services or for dissemination in the United States. Not an offer of securities for sale in the United States.
Tokenization Was Supposed to Stop Fraud. It Didn’t. Here’s Why.
For the last decade, tokenization has been the “big fix” everyone was promised.
One legacy card rail has issued more than 10 billion tokens. Another states, of its ~5 billion tokens issued, one in four of its transactions is now tokenized and growing. Analysts project that more than 80% of global ecommerce will be tokenized within a few years.
And tokenization delivered real gains. Breach liability shifted away from merchants. PANs stopped sitting in databases where they didn’t belong.
Defenders will point to lower fraud rates on tokenized transactions – and they’re right. But when absolute fraud dollars keep climbing year after year, “less bad” isn’t good enough.
But here’s the problem: fraud keeps climbing.
U.S. card fraud hit $14.3B last year, up from $13.6B the year before. In the U.S., card-not-present fraud – where tokenization was supposed to help most – now represents 65–70% of all fraud losses. Roughly $10B a year.
During Cyber 5 alone, over 4% of ecommerce transactions were flagged as suspected fraud attempts. And for guest checkout – nearly half of all e-commerce – tokenization doesn’t even apply. The PAN still travels in the clear.
So if token adoption is exploding…why isn’t fraud collapsing?
Because tokens didn’t remove the problem.
They relocated it. A token is still a credential – a value that exists, travels, and can be intercepted or replayed. It still maps back to a PAN – and every system that touches that mapping becomes an attack surface.
Tokens don’t expire in any meaningful way. They sit in merchant systems for months, years – persistent targets waiting to be found.
When attackers find the seams – replay vulnerabilities, wallet provisioning exploits, fallback-to-PAN routing – the fraud vector reopens. Tokenization reduces certain categories of fraud.
But it doesn’t address the root cause: We still move reusable credentials through the system.
Attackers don’t care whether the credential is a PAN, a token, or a session key. If it works tomorrow, it’s worth stealing today.
That’s why even as tokenization expands, the U.S. remains the global outlier – 25% of global card volume, but 42% of global fraud.
You still pay the price: time lost, accounts frozen, funds drained through a system that was never designed for today’s attack surface.
Tokenization wasn’t a breakthrough. It was a bandaid for decades of payment infrastructure debt – a failure of imagination dressed up as innovation. It solved the edges. It never solved the architecture.
And it was built for a world before quantum computing and effective artificial intelligence. That world is ending faster than legacy networks or merchants can keep up.
The real question was never “How do we protect credentials?”
This press release constitutes a “designated news release” for the purposes of the Sprott Physical Copper Trust’s prospectus supplement dated July 8, 2024 to its base shelf prospectus dated July 3, 2024.
TORONTO, Feb. 17, 2026 (GLOBE NEWSWIRE) — Sprott Asset Management LP (“Sprott Asset Management”), a wholly-owned subsidiary of Sprott Inc. (“Sprott”) (NYSE/TSX: SII), on behalf of the Sprott Physical Copper Trust (TSX: COP.UN) (TSX: COP.U) (the “Trust” or “COP”), a closed-end trust created to invest and hold substantially all of its assets in physical copper metal, today announced that, in connection with the previously announced approval by the United States’ Securities and Exchange Commission (the “SEC”) of a Rule 19b-4 application filed by the NYSE Arca to list and trade COP’s trust units (the “Units”) on NYSE Arca, amendments have been made to the Trust’s trust agreement (the “Trust Agreement”).
The amendments to the Trust Agreement (i) provide that, following COP unitholder approval at a meeting of unitholders as required under applicable Canadian securities laws, COP’s current semi-annual redemption feature will become a monthly redemption feature and the current cap on the number of Units that can be redeemed each redemption period (currently capped at 1.5% of the outstanding Units at the end of the applicable notice period) will be removed, and (ii) make certain consequential changes related to the foregoing and the potential listing of the Units on the NYSE Arca. The date of the COP unitholder meeting will be announced in due course, but the Trust’s intention is to closely align the date of the unitholder meeting and the effectiveness of a registration statement to be filed under the U.S. Securities Exchange Act of 1934 in respect of the listing of the Units on the NYSE Arca (the “Registration Statement”).
The summary of the amendments in this press release is qualified in its entirety by the provisions of Amendment No. 1 to the Trust Agreement, a copy of which will be filed under the Trust’s profile on SEDAR+ at www.sedarplus.ca. Additional details regarding the COP unitholder meeting will be provided in meeting materials made available at a later date and will also be filed under the Trust’s profile on SEDAR+ at www.sedarplus.ca.
The listing of the Units on the NYSE Arca remains subject to the filing and effectiveness of the Registration Statement. The Trust cannot provide any assurance that it will be successful in achieving a listing of the Units on the NYSE Arca.
About Sprott Sprott is a global asset manager focused on precious metals and critical materials. At Sprott, we are specialists. We believe our in-depth knowledge, experience and relationships separate us from the generalists. Our investment strategies include Exchange Listed Products, Managed Equities and Private Strategies. Sprott has offices in Toronto, New York, Connecticut and California and Sprott’s common shares are listed on the New York Stock Exchange and the Toronto Stock Exchange under the symbol “SII”. For more information, please visit www.sprott.com. Sprott Asset Management is a wholly-owned subsidiary of Sprott and is the investment manager to the Trust.
About the Trust
Important information about the Trust, including the investment objectives and strategies, applicable management fees, and expenses, is contained in the current annual information form for the Trust and the Trust’s prospectus. Please read these documents carefully before investing. You will usually pay brokerage fees to your dealer if you purchase or sell units of the Trust on a stock exchange. If the units are purchased or sold on a stock exchange, investors may pay more than the current net asset value when buying units or shares of the Trust and may receive less than the current net asset value when selling them. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.
Forward-Looking Statements This press release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable Canadian and U.S. securities laws (collectively, “forward-looking statements”). Forward-looking statements in this press release include, without limitation, statements regarding the listing of the Units on NYSE Arca, the filing and effectiveness of the Registration Statement, and amendments to COP’s redemption feature. With respect to the forward-looking statements contained in this press release, the Trust has made numerous assumptions regarding, among other things: subsequent U.S. listing of the Units, ability to obtain unitholder approval for amendments to COP’s redemption feature, as well as dynamics in the copper market. While the Trust considers these assumptions to be reasonable, these assumptions are inherently subject to significant business, economic, competitive, market and social uncertainties and contingencies. Additionally, there are known and unknown risk factors and uncertainties that could cause the Trust’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements contained in this press release. A discussion of certain risks and uncertainties facing the Trust appears in the Trust’s Annual Information Form for the year ended December 31, 2024, and its prospectus supplement dated July 8, 2024 and related short-form base shelf prospectus dated July 3, 2024, as updated by the Trust’s continuous disclosure filings, which are available at www.sedarplus.ca. All forward-looking statements herein are qualified in their entirety by this cautionary statement, and the Trust disclaims any obligation to revise or update any such forward-looking statements or to publicly announce the result of any revisions to any of the forward-looking statements contained herein to reflect future results, events or developments, except as required by law.
Contact: Glen Williams Senior Managing Partner Investor and Institutional Client Relations Direct: 416-943-4394 gwilliams@sprott.com
Elemental Royalty signaled on Tuesday that investors will be able to receive dividends in the form of Tether’s XAUT, establishing a novel use case for tokenized gold on Wall Street.
The move is aimed at providing investors with direct ownership of physical gold, stemming from investments in gold royalties, the Colorado-based firm said in a press release. In total, investors are expected to receive a 12 cent dividend across several quarterly payments.
The company’s investors can still receive distributions in cash, as is traditional. But Elemental CEO David Cole described the company’s support of Tether’s product as innovative.
“The decision to offer investors a dividend in kind, in the form of Tether Gold, further differentiates Elemental as a forward-thinking, growth-oriented investment,” he said.
Elemental’s stock price fell 7.8% on Tuesday to $19.41, according to Yahoo Finance. The firm makes money by acquiring royalties tied to mining projects. Elemental said its approach avoids risks associated with owning and operating a mine, while maintaining the upside.
Tether’s legacy was built on tokens pegged to the U.S. dollar, but the stablecoin issuer has embraced tokenized gold as the precious metal’s price has surged 66% over the past year. Meanwhile, XAUT’s market capitalization has swelled to $2.5 billion from $714 million.
Earlier this month, the token’s total value peaked at $3.5 billion, according to CoinGecko, as the price of gold rose to new highs.
In January, YouTube rival Rumble said that it had adopted XAUT as a medium of exchange on its platform, allowing users to tip the token to creators alongside Bitcoin and Tether’s flagship stablecoin, USDT. To bolster the token’s use in payments, Tether also introduced the term Scudo, which represents 1/1,000th of a troy ounce of gold and its XAUT token.
Those moves were focused on consumers, but Elemental shows how tokenized gold can be used as a tool in real-world corporate finance, according to Tether CEO Paolo Ardoino.
“This marks a major step forward for the gold industry and shows how tokenized assets can unlock new financial models that were previously out of reach,” he said in a press release, describing previous efforts to integrate the token on Wall Street as difficult.
Earlier this month, Ardoino estimated that the company’s gold holdings stood at 140 tons, nestled within a former nuclear bunker in Switzerland. At the time, that sum was worth an estimated $24 billion. Tether partially backs its $183 billion USDT stablecoin with gold.
At a market capitalization of $2.2 billion, Tether’s XAUT faces competition from PAX Gold. The products debuted within months of each other more than six years ago.
Despite their time in the market, Wintermute is among market makers that have only recently moved to support the token. Last week, the company said that it had begun executing over-the-counter trades in XAUT and PAX Gold on behalf of financial institutions.
The firm that handles billions of dollars in daily trading volume noted that there is robust demand for trading tokenized gold round-the-clock amid de-dollarization pressures. Along those lines, the company forecast that tokenized gold could become a $15 billion market by year-end.
MONTREAL, Feb. 18, 2026 (GLOBE NEWSWIRE) — Aya Gold & Silver Inc. (TSX: AYA; OTCQX: AYASF) (“Aya” or the “Corporation”) is pleased to announce high-grade silver drill results from its at-depth drill exploration program at the Zgounder Silver Mine in the Kingdom of Morocco.
Highlights (all intersections are in core lengths)
Intersections in the Open-Pit Area:
Hole ZG-RC-25-853 intercepted 781 grams per tonne (“g/t”) silver (“Ag”) over 9.0 metres (“m”), including 1,295 g/t Ag over 5.0m
Hole ZG-RC-25-855 intercepted 1,454 g/t Ag over 3.0m
Intersections at Depth Near the Western Fault contact:
Hole ZG-SF-25-340 intercepted 336 g/t Ag over 5.5m
Hole ZG-SF-25-350 intercepted 2,198 g/t Ag over 1.0m
Intersections in the Central Area:
Hole ZG-SF-25-347 intercepted 3,581 g/t Ag over 4.5m, including 5,893 g/t Ag over 2.5m
Hole ZG-SF-25-347 intercepted 1,729 g/t Ag over 4.1m, including 4,480 g/t Ag over 1.5m
Hole T28-26-1072 intercepted 6,223 g/t Ag over 3.6m
Hole T28-26-1104 intercepted 4,489 g/t Ag over 6.0m
3,117m or 10.3% of the 2026 exploration program has been drilled year to date.
“Today’s high-grade results once again confirm the strong continuity of silver mineralization both at depth and around the open-pit area,” said Benoit La Salle, President & CEO. “Moreover, the new intersection at depth near the Western Fault contact in hole ZG-SF-25-340 extends mineralization further west, continuing to push the boundary of our current resource model.”
This release contains results from 256 holes, which include 13 surface diamond drill holes (“DDH”), 69 underground DDH, 41 reverse circulation drill hole (“RC”), 101 T28 and 32 YAK holes (T28 and YAK: percussion drilling using an air-compressed hammer). For a full summary of today’s results, refer to Appendix 1.
Table 1 – Best Intercepts at Zgounder in 2025 (core lengths)
Hole ID
From
To
Ag
Length*
Ag x width
(g/t)
(m)
Underground DDH
ZG-SF-25-339
251.5
253.0
1 733
1.5
2 600
ZG-SF-25-340
254.4
259.9
336
5.5
1 848
ZG-SF-25-341
341.0
345.0
1 075
4.0
4 300
Including
342.0
344.0
1 928
2.0
3 856
ZG-SF-25-342
282.5
286.0
652
3.5
2 282
ZG-SF-25-343
284.5
289.0
3 581
4.5
16 116
Including
284.5
287.0
5 893
2.5
14 732
ZG-SF-25-347
40.4
44.5
1 729
4.1
7 089
Including
43.0
44.5
4 480
1.5
6 720
ZG-SF-25-347
65.0
66.5
1 535
1.5
2 302
ZG-SF-25-347
127.0
128.5
1 228
1.5
1 842
ZG-SF-26-348
63.5
65.0
2 025
1.5
3 038
ZG-SF-26-348
129.0
133.5
1 366
4.5
6 149
ZG-SF-26-350
257.5
258.5
2 198
1.0
2 198
DZG-SF-25-776
43.0
48.5
1 138
5.5
6 260
Including
45.0
47.0
2 766
2.0
5 532
DZG-SF-25-777
53.5
58.0
844
4.5
3 798
Including
53.5
55.5
1 597
2.0
3 194
Surface RC
ZG-RC-25-853
103.0
112.0
781
9.0
7 029
Including
106.0
111.0
1 295
5.0
6 474
ZG-RC-25-854
114.0
116.0
895
2.0
1 789
ZG-RC-25-855
85.0
88.0
1 454
3.0
4 362
Underground T28
T28-25-1047
0.0
12.0
155
12.0
1 865
T28-25-1049
2.4
8.4
476
6.0
2 858
T28-25-1059
22.8
26.4
6 223
3.6
22 404
T28-26-1072
9.6
14.4
961
4.8
4 612
Including
9.6
12.0
1 790
2.4
4 296
T28-26-1075
0.0
4.8
2 934
4.8
14 083
Including
0.0
2.4
5 725
2.4
13 740
T28-26-1103
24.0
26.4
988
2.4
2 371
T28-26-1104
19.2
25.2
4 489
6.0
26 933
T28-26-1119
8.4
13.2
285
4.8
1 368
T28-26-1127
19.2
25.2
273
6.0
1 637
T28-26-1130
7.2
12.0
373
4.8
1 790
Underground YAK
YAK-25-408
3.6
4.8
6 060
1.2
7 272
* True widths are undetermined; all values are uncut.
Location of Drill Results at Zgounder
Figure 1: Location of Drill Results at Zgounder
Quality Assurance
For core drilling, all individual samples represent approximately one meter in length of core, which is halved. Half of the core is kept on site for reference, and its counterpart is sent for preparation and assaying to African Laboratory for Mining and Environment (“Afrilab”) in Marrakech, Morocco or to ALS Laboratory at the Zgounder Mine site. All samples are analyzed for silver, copper, iron, lead, and zinc using Aqua regia and finished by atomic absorption spectroscopy (“AAS”). Samples grading above 200 g/t Ag are reanalyzed by fire assay.
For definition drilling using RC, all individual samples represent 1.0m in length and for T28 drilling equipment, all individual samples represent 1.2m in length. Samples are assayed at either the ALS Mine laboratory or at Afrilab. All samples are analyzed for silver, copper, iron, lead, and zinc using Aqua regia and finished by AAS. Samples grading above 200 g/t Ag are reanalyzed by fire assay. Rigorous quality controls (QaQc) are applied at both locations.
David Lalonde, B.Sc. P. Geo, Vice-President Exploration, is Aya Gold & Silver’s Qualified Person and has reviewed this press release for accuracy and compliance with National Instrument 43-101.
About Aya Gold & Silver Inc.
Aya Gold & Silver is a Canadian precious metals mining company anchored in Morocco and active across the full mining value chain. The Corporation has established an exploration track record through a systematic, technology-led, data-driven approach and is focused on expanding its resource base and land package along the Anti-Atlas Fault — one of Africa’s most geologically rich, underexplored and mining-friendly regions.
Aya operates Zgounder, a rare, silver-only mine, producing silver doré from its newly expanded processing facility. Aya’s growth pipeline includes the Boumadine polymetallic project, where feasibility study work is underway. The project hosts a substantial mineral resource, an extensive mineralized footprint, and significant potential for further discovery.
Led by a proven team of mining professionals, Aya is guided by a vision of responsible mining and is committed to delivering sustainable value for shareholders, employees and host communities.
This press release contains certain statements that constitute forward-looking information within the meaning of applicable securities laws (“forward-looking statements”), which reflects management’s expectations regarding Aya’s future growth and business prospects (including the timing and development of new deposits and the success of exploration activities) and other opportunities. Wherever possible, words such as “aim”, “anticipate”, “assume”, “believe”, “estimate”, “expect”, “goal”, “intend”, “objective”, “plan”, “potential”, “strategy”, “target”, and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might”, “will”, or are “likely” to be taken, occur or be achieved, have been used to identify such forward-looking information. Specific forward-looking statements in this press release include, but are not limited to, statements and information with respect to the potential to confirm continuity of mineralization and extent mineralization to the west and other assumptions and factors generally associated with the mining industry.
Forward-looking information is based upon certain assumptions and other important factors that, if untrue, could cause the actual results, performance or achievements of the Corporation to be materially different from future results, performance or achievements expressed or implied by such information or statements. There can be no assurance that such information or statements will prove to be accurate. Key assumptions upon which the Corporation’s forward-looking information is based include without limitation, the Corporation’s ability to timely receive any requisite approvals, permits or licences; the Corporation’s ability to import goods and machinery; the Corporation’s ability to engage and retain all necessary personnel in order to operate its business properly and without interruption; the accuracy and reliability of estimates, projections, forecasts, studies and assessments, including the Mineral Reserve and Mineral Resource Estimates (including, but not limited to, ore tonnage and ore grade estimates); the Corporation’s ability to meet or achieve estimates, projections and forecasts; assumptions regarding development and exploration activities; the timing, extent, duration and economic viability of such explorations activities; the price of silver; the price of gold; exchange rates; taxation levels; fuel and energy costs; future economic conditions; the Corporation’s ability to meet current and future obligations; the Corporation’s ability to obtain timely financing on reasonable terms when required; anticipated future estimates of free cash flow; estimate future production; the current and future social, economic and political conditions and environment in which the Corporation operates; and other assumptions and factors generally associated with the mining industry.
Readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used. Forward-looking statements are also subject to risks and uncertainties facing the Corporation’s business, any of which could have a material adverse effect on the Corporation’s business, financial condition, results of operations and growth prospects. Some of the risks the Corporation faces and the uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements include, among others: the inherent risks involved in exploration and development of mineral properties, including (1) there being no significant disruptions affecting the operations of the Corporation whether due to artisanal miners, access to water, extreme weather events and other or related natural disasters, labour disruptions, supply disruptions, power disruptions, damage to equipment or otherwise; (2) permitting, development, operations and production from the Project being consistent with the Corporation’s expectations; (3) political and legal developments in the Kingdom of Morocco being consistent with its current expectations; (4) the exchange rate between the U.S. dollar and the Moroccan Dirham being approximately consistent with current levels; (5) certain price assumptions for gold and silver; (6) prices for diesel, process reagents, fuel oil, electricity and other key supplies being approximately consistent with current levels; (7) production and cost of sales forecasts meeting expectations; (8) the accuracy of the current mineral resource estimates of the Corporation; (9) labour and materials costs increasing on a basis consistent with the Corporation’s current expectations; and (10) asset impairment (or reversal) potential, being consistent with the Corporation’s current expectations.
In addition, readers are directed to carefully review the detailed risk discussion in the Corporation’s Annual Information Form and Management’s Discussion & Analysis for the year ended December 31, 2024, filed on SEDAR+, which discussions are incorporated by reference in this presentation, for a fuller understanding of the risks and uncertainties that affect the Corporation’s business and operations.
Although the Corporation believes its expectations are based upon reasonable assumptions and has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. As such, these risks are not exhaustive; however, they should be considered carefully. If any of these risks or uncertainties materialize, actual results may vary materially from those anticipated in the forward-looking statements found herein. Due to the risks, uncertainties, and assumptions inherent in forward-looking statements, readers should not place undue reliance on forward-looking statements.
Forward-looking statements contained herein are presented for the purpose of assisting investors in understanding the Corporation’s business plans, financial performance and condition and may not be appropriate for other purposes.
The forward-looking statements contained herein are made only as of the date hereof. The Corporation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by applicable law. The Corporation qualifies all of its forward-looking statements by these cautionary statements.
Nothing in this document should be construed as either an offer to sell or a solicitation to buy or sell Aya securities. All references to Aya include its subsidiaries unless the context requires otherwise.
Appendix 1 – Mineral Intercepts from Drilling at Zgounder (core lengths)
Hole ID
From
To
Ag (g/t)
Length (m)*
Ag x width
Surface DDH
ZG-25-167
520.2
521.2
212
1.0
212
ZG-25-170
212.0
212.5
92
0.5
46
ZG-25-170
216.0
216.5
128
0.5
64
ZG-25-170
220.5
221.0
84
0.5
42
ZG-25-172
181.0
182.5
177
1.5
266
ZG-25-172
202.0
203.0
76
1.0
76
ZG-25-173
23.5
29.5
101
6.0
606
ZG-25-173
34.0
35.5
320
1.5
480
ZG-25-178
229.5
230.2
86
0.7
60
ZG-26-180
209.5
211.0
240
1.5
359
Underground DDH
ZG-SF-25-339
251.5
253.0
1 733
1.5
2 600
ZG-SF-25-339
261.0
264.0
164
3.0
492
ZG-SF-25-340
254.4
259.9
336
5.5
1 848
ZG-SF-25-340
262.9
264.9
264
2.0
528
ZG-SF-25-341
286.0
287.0
372
1.0
372
ZG-SF-25-341
341.0
345.0
1 075
4.0
4 300
Including
342.0
344.0
1 928
2.0
3 856
ZG-SF-25-342
260.0
262.0
133
2.0
267
ZG-SF-25-342
282.5
286.0
652
3.5
2 282
ZG-SF-25-342
360.5
362.0
76
1.5
114
ZG-SF-25-342
366.0
370.0
77
4.0
308
ZG-SF-25-342
381.0
382.5
92
1.5
138
ZG-SF-25-342
391.0
392.5
156
1.5
234
ZG-SF-25-343
284.5
289.0
3 581
4.5
16 116
Including
284.5
287.0
5 893
2.5
14 732
ZG-SF-25-344
302.5
303.4
916
0.9
824
ZG-SF-25-344
313.5
315.0
216
1.5
324
ZG-SF-25-344
318.0
319.5
104
1.5
156
ZG-SF-25-346
276.5
279.5
384
3.0
1 152
ZG-SF-25-347
40.4
44.5
1 729
4.1
7 089
Including
43.0
44.5
4 480
1.5
6 720
ZG-SF-25-347
65.0
66.5
1 535
1.5
2 302
ZG-SF-25-347
119.5
121.0
152
1.5
228
ZG-SF-25-347
127.0
128.5
1 228
1.5
1 842
ZG-SF-26-348
63.5
65.0
2 025
1.5
3 038
ZG-SF-26-348
129.0
133.5
1 366
4.5
6 149
ZG-SF-26-349
143.0
144.0
89
1.0
89
ZG-SF-26-349
157.0
158.0
76
1.0
76
ZG-SF-26-349
186.0
188.5
215
2.5
538
ZG-SF-26-350
257.5
258.5
2 198
1.0
2 198
ZG-SF-26-350
308.2
309.2
88
1.0
88
DZG-SF-25-747
85.0
85.6
272
0.6
163
DZG-SF-25-772
12.5
14.0
240
1.5
360
DZG-SF-25-772
51.5
52.0
2 000
0.5
1 000
DZG-SF-25-776
43.0
48.5
1 138
5.5
6 260
Including
45.0
47.0
2 766
2.0
5 532
DZG-SF-25-777
48.0
50.0
163
2.0
326
DZG-SF-25-777
53.5
58.0
844
4.5
3 798
Including
53.5
55.5
1 597
2.0
3 194
DZG-SF-25-778
7.5
11.3
310
3.8
1 178
DZG-SF-25-780
48.0
49.0
175
1.0
175
DZG-SF-25-780
59.0
60.5
82
1.5
123
DZG-SF-25-828
3.7
5.7
92
2.0
184
DZG-SF-25-840
32.0
35.5
143
3.5
499
DZG-SF-25-844
12.0
13.5
76
1.5
114
DZG-SF-26-832
18.9
20.5
146
1.6
234
DZG-SF-26-833
13.0
15.0
112
2.0
224
DZG-SF-26-858
102.0
103.5
155
1.5
232
DZG-SF-26-858
134.5
136.0
96
1.5
144
Surface RC
ZG-RC-25-849
104.0
105.0
503
1.0
503
ZG-RC-25-850
113.0
114.0
87
1.0
87
ZG-RC-25-852
98.0
99.0
95
1.0
95
ZG-RC-25-853
92.0
95.0
332
3.0
995
ZG-RC-25-853
101.0
102.0
124
1.0
124
ZG-RC-25-853
103.0
112.0
781
9.0
7 029
Including
106.0
111.0
1 295
5.0
6 474
ZG-RC-25-853
134.0
135.0
83
1.0
83
ZG-RC-25-853
137.0
138.0
93
1.0
93
ZG-RC-25-854
9.0
10.0
110
1.0
110
ZG-RC-25-854
17.0
18.0
119
1.0
119
ZG-RC-25-854
114.0
116.0
895
2.0
1 789
ZG-RC-25-855
10.0
11.0
167
1.0
167
ZG-RC-25-855
77.0
78.0
86
1.0
86
ZG-RC-25-855
85.0
88.0
1 454
3.0
4 362
ZG-RC-25-855
97.0
100.0
139
3.0
416
ZG-RC-25-855
102.0
103.0
86
1.0
86
ZG-RC-25-857
49.0
51.0
184
2.0
367
ZG-RC-25-857
77.0
78.0
89
1.0
89
ZG-RC-25-857
91.0
92.0
159
1.0
159
ZG-RC-26-753
54.0
55.0
79
1.0
79
ZG-RC-26-806
10.0
11.0
85
1.0
85
ZG-RC-26-841
42.0
43.0
180
1.0
180
ZG-RC-26-841
70.0
71.0
192
1.0
192
ZG-RC-26-841
92.0
93.0
102
1.0
102
ZG-RC-26-920
57.0
58.0
80
1.0
80
Underground T28
T28-25-965
9.6
10.8
556
1.2
667
T28-25-970
9.6
12.0
99
2.4
238
T28-25-970
18.0
19.2
119
1.2
143
T28-25-971
3.6
6.0
390
2.4
935
T28-25-973
6.0
9.6
146
3.6
526
T28-25-977
3.6
6.0
114
2.4
272
T28-25-985
16.8
18.0
201
1.2
241
T28-25-987
22.8
26.4
132
3.6
474
T28-25-991
24.0
26.4
142
2.4
341
T28-25-998
2.4
3.6
93
1.2
112
T28-25-1000
16.8
18.0
188
1.2
226
T28-25-1001
2.4
3.6
94
1.2
113
T28-25-1040
9.6
12.0
192
2.4
461
T28-25-1046
10.8
12.0
82
1.2
98
T28-25-1047
0.0
12.0
155
12.0
1 865
T28-25-1047
14.4
15.6
113
1.2
136
T28-25-1048
0.0
2.4
118
2.4
283
T28-25-1048
7.2
8.4
91
1.2
109
T28-25-1048
9.6
10.8
101
1.2
121
T28-25-1049
2.4
8.4
476
6.0
2 858
T28-25-1049
18.0
19.2
76
1.2
91
T28-25-1050
20.4
22.8
211
2.4
505
T28-25-1055
14.4
15.6
113
1.2
136
T28-25-1057
10.8
12.0
216
1.2
259
T28-25-1057
14.4
18.0
180
3.6
647
T28-25-1059
22.8
26.4
6 223
3.6
22 404
T28-25-1062
24.0
25.2
91
1.2
109
T28-26-1066
3.6
4.8
203
1.2
244
T28-26-1070
7.2
8.4
94
1.2
113
T28-26-1072
9.6
14.4
961
4.8
4 612
Including
9.6
12.0
1 790
2.4
4 296
T28-26-1074
0.0
2.4
108
2.4
259
T28-26-1075
0.0
4.8
2 934
4.8
14 083
Including
0.0
2.4
5 725
2.4
13 740
T28-26-1101
2.4
6.0
105
3.6
379
T28-26-1103
24.0
26.4
988
2.4
2371
T28-26-1104
19.2
25.2
4 489
6.0
26 933
T28-26-1119
8.4
13.2
285
4.8
1 368
T28-26-1127
19.2
25.2
273
6.0
1 637
T28-26-1128
15.6
19.2
128
3.6
461
T28-26-1130
7.2
12.0
373
4.8
1 790
T28-26-1131
10.8
15.6
100
4.8
480
Underground YAK
YAK-25-408
3.6
4.8
6 060
1.2
7 272
YAK-25-408
27.6
28.8
146
1.2
175
YAK-25-414
20.4
21.6
448
1.2
538
YAK-25-414
36.0
37.2
488
1.2
586
YAK-25-415
10.8
12.0
137
1.2
164
YAK-25-415
15.6
18.0
262
2.4
629
YAK-25-415
27.6
28.8
177
1.2
212
YAK-25-416
24.0
25.2
162
1.2
194
YAK-25-417
4.8
7.2
94
2.4
226
YAK-25-418
3.6
4.8
78
1.2
94
YAK-25-419
2.4
3.6
159
1.2
191
YAK-25-420
4.8
6.0
99
1.2
119
YAK-25-436
45.6
46.8
108
1.2
130
YAK-26-426
27.6
28.8
247
1.2
296
YAK-26-433
20.4
21.6
152
1.2
182
YAK-26-440
24.0
25.2
656
1.2
787
* True widths are undetermined; all values are uncut.
Appendix 2 – Drillhole Coordinates of Zgounder Drill Hole with Significant Results
China
Indonesia
Russia
DRC
India
Chile
Argentina
United States
Malaysia
Finland
Canada
South Korea
Australia
Sweden
Morocco
Saudi Arabia
Uganda
Tanzania
