Robert Friedland’s Ivanhoe Mines (TSX: IVN) has cut its 2027 copper production forecast for Kamoa-Kakula in the Democratic Republic of Congo for the second time this year while raising costs and extending the recovery of the world’s largest new copper mine developed in recent years.
The Canadian miner, which released the update after markets closed Tuesday, now expects to produce 300,000 to 350,000 tonnes of copper next year, down from 380,000 to 420,000 tonnes. This removes 75,000 tonnes from the plan at the midpoint. Its target stood at 500,000 to 540,000 tonnes before a more cautious mine plan emerged in March.
Ivanhoe also raised its 2027 cash cost (C1) guidance to $2.50 to $3.00 per pound from $2.10 to $2.50, citing prolonged high diesel prices, lower ore grades and reduced production.
“The revised production and cost guidance over the short term reflects a disciplined approach to the ongoing turnaround at Kamoa-Kakula, prioritizing operational stability, mining flexibility and the sustainable recovery of annualized copper production to approximately 500,000 tonnes,” Friedland, Ivanhoe’s founder and co-chairman, said in the statement.
The downgrade highlights the difficulty of restoring major copper operations even as miners race to bring new supply to market. While Freeport-McMoRan (NYSE: FCX) has approved an expansion at its Bagdad mine in Arizona targeting additional production in 2030, Kamoa-Kakula’s recovery is taking longer than expected.
“The path back to about 500,000 tonnes per year has become longer, more capital intensive and more dependent on future execution,” TD Cowen analyst Craig Hutchison wrote in a note Tuesday. He downgraded Ivanhoe to hold from buy and slashed his target price to C$9 ($6.42) from C$14.
Recovery delayed
Ivanhoe lowered the expected steady-state annual production capacity of Kamoa-Kakula’s existing Phase 1, 2 and 3 concentrators to 400,000 to 450,000 tonnes as it prepares to introduce shallow open-pit mining alongside its underground operations.
The company plans to begin stripping waste rock from two high-grade starter pits in the first quarter of 2027, with first ore expected in the third quarter. The new mining approach is intended to improve flexibility while the underground Kakula mine recovers.
That turnaround has suffered another setback. Ivanhoe now expects production mining on the eastern side of Kakula to restart in late March 2028, rather than late 2027, following further geological and engineering work.
Kamoa-Kakula produced 76,401 tonnes of copper in saleable products during the third quarter, up from 64,328 tonnes in the preceding three months. Full-year 2026 output is expected to reach approximately 290,000 tonnes.
The company also reduced the upper end of its 2026 capital spending forecast by $200 million, deferring that expenditure to 2027. Next year’s spending guidance now stands at $950 million to $1.15 billion, excluding an estimated $100 million to $200 million for open-pit pre-stripping.
Supply outlook
Ivanhoe plans to begin detailed engineering for a Phase 4 concentrator expansion in the first quarter of 2027, aiming to lift annual copper production capacity to approximately 500,000 tonnes.
The expansion has not yet received project approval. Ivanhoe estimates construction would take 18 to 24 months after approval, with an updated life-of-mine plan scheduled for March 2027.
Copper prices fell 2.1% to $14,034 a tonne on the London Metal Exchange on Tuesday, its lowest level since mid-August, as uncertainty surrounding the US midterm elections weighed on metals.
Investment in future copper supply continues despite the near-term setbacks. Within the same 48-hour period, Canadian producer Hudbay Minerals (TSX, NYSE: HBM) agreed to lead a C$49.8 million investment in Pecoy Copper, which is exploring an undeveloped copper-gold project in southern Peru.
Hudbay will contribute approximately C$30.1 million, while an unnamed second strategic investor will provide C$19.7 million. Each is expected to hold just under 10% of Pecoy following the financing.
The contrasting developments underline a growing divide in the copper market: established producers face operational constraints while developers seek the financing needed to bring new deposits into production.
Denver, Colorado–(Newsfile Corp. – November 3, 2026) – Elemental Royalty Corporation (NASDAQ: ELE) (TSX: ELE) (“Elemental“) will release its Q3 2026 results after market close on Tuesday, November 10, 2026.
An investor webcast will be held on Wednesday, November 11, 2026, starting at 10:00 a.m. Eastern Time to discuss these results, followed by a question-and-answer session.
To register for the webcast, please follow the link below:
https://app.webinar.net/8jl4N8ZKpGo
A recording of the presentation will be available on the Elemental website following the presentation.
NASDAQ: ELE | TSX: ELE | ISIN: CA28620K1066 | CUSIP: 28620K
About Elemental Royalty Corporation. Elemental is a mid-tier, gold-focused streaming and royalty company with a globally diversified portfolio of approximately 20 producing assets and more than 260 royalties, anchored by cornerstone assets and operated by world-class mining partners. The Company’s disciplined capital allocation and investment strategy combines immediate cash flow with significant embedded growth, providing a differentiated pathway to long-term value creation. Elemental benefits from a high-quality and diversified asset base, strong organic growth potential and sector-leading management expertise.
Elemental trades on Nasdaq and on the Toronto Stock Exchange under the ticker Symbol “ELE”.
Cautionary note regarding forward-looking statements and financial outlook This news release contains certain “forward-looking statements” and certain “forward-looking information” as defined under applicable United States and 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.
Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of Elemental to control or predict, that may cause Elemental’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, 2025. Elemental undertakes no obligation to update forward-looking statements and information except as required by applicable law. Such forward-looking statements and information represent 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 Nasdaq Stock Market LLC, or the TSX, or its Regulation Service Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this press release.
Toronto, Ontario–(Newsfile Corp. – November 3, 2026) – Coyote Copper Mines Inc. (TSXV: CCMM) (the “Corporation”) is pleased to announce that it has entered into an option agreement (the “Option Agreement”) which gives the Corporation the option, (“Option”) to acquire 223.85 acres of patented mining claims known as the Gibson Mine (“Gibson Mine” or the “Property”) from the Franciscan Friars of California (“Friars”). The Friars obtained the Property through a donation that was made in 1969.
The key highlights of the Gibson Mine include:
Copper Production: 17.2 million lbs of copper recovered from 55,750 short tons of ore 1903-1969.
June 1907: approximately 80 tons/day shipped to Old Dominion at over 25% Cu.
Pasquale Vein: Level 4 Five stopes supplied ore shipments assaying 16 to 18% Cu in 1912.
Mine Development: Six levels and about 26,000 ft (7.9 km) of workings.
Operating History: A 150 ton/day concentrator opened in 1919. Intermittent leach recovery continued into the early 1990s.
The Corporation’s current 1,100 BLM mining claims, comprising approximately 22,086 acres (~89.4 km2), surround the 223.85 acres that make up the Gibson Mine.
Dan Weir, CEO, commented, “High grade copper veins and deposits are an integral part of the Globe Miami copper area. The presence of the high-grade Gibson copper veins in the vicinity of the large “Donut Target” makes the Gibson acquisition very compelling, just like the high-grade Magma Mine which sits above the Resolution Mine. In addition, patented mining claims give Coyote Copper title to the surface and mineral rights outright. The Corporation would benefit from significantly streamlined permitting for exploration drilling on its own titled land and would have the right to construct permanent surface infrastructure — including core storage facilities and field offices.”
Historical records indicate that production at the Gibson Mine during its main period of operation (1906–1918) totaled approximately 12 million pounds of copper and 3,500 oz. of silver (Elsing and Heineman, 1936, p. 92). Between 1918 and 1950, small-scale production was also recorded – approximately 260,000 pounds of copper were recovered from ore sorted from the mine dumps (U.S. Bureau of Mines, 1937–1953). The site was mined intermittently from the 1960s through the 1990s by solution mining of the historic workings. No production data for this period has been identified. The foregoing historical production figures are not NI 43-101 compliant mineral resource or reserve estimates, have not been verified by a Qualified Person, and should not be relied upon as an indication of the current or future mineral resource potential of the property.
The following description was taken from the Gibson Structural Corridor (“GSC”) – Page 89 of the Corporations NI 43-101 Technical report dated November 23, 2025 (refer to the Corporation Website) at www.coyotecopper.com:
“High-grade copper ores (20 to 40% copper) were localized along the sub-parallel Summit and Pasquale veins, which cut the Pinal Schist. Located approximately 300 feet apart, both veins strike N25º E and can be traced over a distance of approximately 6,500 feet. Dipping approximately 55º to the northwest, the Summit vein is concordant with bedding and foliation of the schist. It was characterized by lens-like ore shoots, ranging from 0.7 to 1.25 feet in thickness. The Pasquale vein occupies a 35º northwest-dipping, 5 to 10-foot thick fault zone that clearly cuts across bedding and ranged from a few inches to 3 feet in thickness (Peterson, 1963).“
Figure 1. The Gibson Mine location map, located within the western segment of Copper Springs Project, Coyote Copper Mines Inc.
In August 2025, the Corporation collected ten samples across the Gibson Structural Corridor (GSC), comprising of six bedrock samples from areas of observed copper oxide mineralization and structural zones and four selective grab samples from historic ore piles in the West Gibson area. The grab samples from historic ore piles were collected to characterize the nature of historic mineralization and are not representative of the overall mineralization on the property.
Across all ten samples, copper values ranged from 0.091% to 22.41%. Silver values ranged from below detection to 69.3 g/t. Grab samples are selective by nature and may not be representative of the mineralization hosted on the property.
The four selective grab samples from the West Gibson zone returned copper grades ranging from approximately 10% to 22% Cu. These were select grab samples, collected from historic ore piles to characterize the mineralization. Quartz-chalcopyrite veining, massive chalcopyrite and associated hematite are observed in relation to a set of thin mineralized porphyritic dike sets which is parallel to the primary Gibson mine structure. Silver values in these samples ranged from 10.6 to 69.3 g/t.
Sample
Easting
Northing
Elevation_m
Width_m
Cu_percent
Ag_ppm
Mo_ppm
1939401
503536
3688756
1527
1.2
0.09
0.1
9
1939402
503538
3688756
1527
1.5
0.16
0.1
17
1939403
503541
3688755
1527
1.1
0.32
0.1
14
1939404
503450
3688662
1500
19.28
52.3
23
1939405
503450
3688661
1500
13.96
20.5
20
1939406
503450
3688660
1500
22.41
69.3
31
1939407
503437
3688624
1515
10.01
10.6
9
1939408
504612
3687893
1478
2.1
0.87
1
2
1939409
504612
3687896
1477
1.3
0.9
0.9
2
1939410
504601
3687930
1473
1.2
0.66
1.8
2
Min
0.09
0.1
2
Max
22.41
69.3
31
Avg
6.87
15.7
13
Figure 3. Selected surface grab sample 1939405 from the Gibson Mine, 1.6m, with geochemical sample results in chart.
All information in this section is derived from historical sources and prior third-party reports. It does not constitute a current NI 43-101 mineral resource or reserve estimate and has not been independently verified by the Corporation’s Qualified Person.
The Gibson copper mine is in the headwaters of Pinto Creek and is approximately 7.5 miles southwest of Miami, Arizona.
Chalcocite enrichment played an important role in developing the high-grade copper ores localized along the Summit and Pasquale veins (Peterson, 1963). Underlying primary sulfide mineralization along these structural zones is characterized by massive chalcopyrite with considerable bornite in a quartz gangue lesser amounts of calcite and minor amounts of specular hematite and gypsum (Stevens, 1911).
The Gibson Mine was a copper-silver producer operating primarily from 1906 to 1918 with intermittent production continuing through 1975. The mine was hosted on 16 patented and 53 unpatented claims and was operated by several successive owners including the Gibson Consolidated Copper Co. as the primary producer.
Mineralization comprised multiple veins hosted in the Pinal Schist with the Summit and Pasquale veins being the most prominent. Total historical production is estimated at approximately 12,500,000 pounds of copper and 3,500 oz. of silver (Sources: Arizona Bureau of Mines; U.S. Bureau of Mines, 1937–53.).
A Historical Resource for the Gibson mine is referenced in USGS MRDS Record #10104088, taken from K.R. Long, 1995 compilation of Porphyry Copper Deposits.
Coyote Copper’s initial target of 35-45 million tons grading 0.3% – 0.5% is based on the historical resource.
The potential quantity and grade is conceptual in nature, there has been insufficient exploration to define a mineral resource, and it is uncertain if further exploration will result in the target being delineated as a mineral resource
Terms of the Option Agreement
Subject to the right of the Corporation to terminate the option Agreement at any time. The Corporation is required to make the following payments (the “Payments”) to the Friars for an aggregate price of US$1.4 million after the effective date of the Option Agreement (the “Effective Date”).
The Payments are as follows:
$500,000 within 14 days of the Effective Date;
$200,000 on or before the first anniversary after the Effective Date;
$200,000 on or before the second anniversary after the Effective Date;
$200,000 on or before the third anniversary after the Effective Date;
$300,000 on or before the fourth anniversary after the Effective Date.
For a total aggregate price of US$1.4 million.
The Corporation shall have the right to exercise the Option at any time after the Effective Date by giving the Friars at least ten (10) days prior written notice of such early exercise of the Option and by paying to the Friars all Payments not yet paid.
QUALIFIED PERSON
Michael N. Feinstein, PhD, CPG, is the “Qualified Person” under National Instrument 43-101 – Standards of Disclosure for Mineral Projects, and he has reviewed and approved the scientific and technical disclosure contained in this press release. Mr. Feinstein is independent of the Corporation.
Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities of the Company have not been and are not expected to be registered under the United States 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 absent registration or an applicable exemption from registration requirements.
Cautionary Statement Regarding Forward-Looking Information
This news release contains statements which constitute “forward-looking information” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of the Corporation.
Often, but not always, forward-looking information can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or statements formed in the future tense or indicating that certain actions, events or results “may”, “could”, “would”, “might” or “will” (or other variations of the foregoing) be taken, occur, be achieved, or come to pass. Forward-looking information in this news release includes, without limitation, statements regarding, planned exploration activities including drilling, permitting for exploration, environmental remediation outcomes, and the potential for mineral resource delineation on the property. Forward-looking information is based on currently available financial and economic data and operating plans, strategies or beliefs as of the date of this news release, but involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the Corporation to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors may be based on information currently available to the Corporation including information obtained from third-party industry analysts and other third-party sources, and are based on management’s current expectations or beliefs. Any and all forward-looking information contained in this news release is expressly qualified by this cautionary statement.
Investors are cautioned that forward-looking information is not based on historical facts but instead reflects management’s expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Forward-looking information reflects management’s current beliefs and is based on information currently available to them and on assumptions they believe to be not unreasonable in light of all of the circumstances. In some instances, material factors or assumptions are discussed in this news release in connection with statements containing forward-looking information. Such material factors and assumptions include, but are not limited to, those risk factors applicable to mineral exploration companies, including risks related to title to mineral properties, environmental liabilities, permitting delays, exploration results, and commodity prices. Although the Corporation has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking information contained herein is made as of the date of this news release and, other than as required by law, the Corporation disclaims any obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. 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 statements. Accordingly, readers should not place undue reliance on forward-looking information.
Primer agreement provides ability to purchase up to 20 million primers per month alongside additional inspection equipment and strengthened raw material sourcing
HAGERSTOWN, MD / ACCESS Newswire / November 3, 2026 / First Breach Inc. (NASDAQ:FBDT) (“First Breach” or the “Company”), an American-made defense technologies company focused on vertically integrated ammunition production and next-generation unmanned aerial systems, today announced an agreement with a strategic supplier that gives the Company the ability to purchase up to 20 million primers per month. First Breach has also received two additional pieces of ammunition inspection equipment and entered into a separate agreement with a key raw material supplier to support reliable material availability as production scales.
These developments build on the Company’s previously announced investment in loading and inspection equipment at its Hagerstown, Maryland facility and support its plans to scale ammunition production toward capacity of up to 20 million rounds per month as it expands on its current seven-day production schedule and transitions toward 24-hour operations.
The primer agreement supplements First Breach’s existing vendor relationships, providing an additional source for one of the two finished ammunition components the Company purchases externally. Primers and propellant powder are the only finished ammunition components First Breach sources from outside suppliers; the Company manufactures its other components in-house, including brass cups, casings, projectiles, lead cores and lead wire.
The two additional inspection units supplement equipment acquired earlier this year and are intended to expand inspection throughput at the Company’s ISO 9001:2015-certified Hagerstown facility. Together with rigorous quality controls throughout production, the added inspection capability is designed to support higher ammunition volumes while maintaining precision and consistency.
The raw material agreement strengthens access to the materials First Breach smelts and processes in-house, helping align sourcing with its planned production ramp. More favorable supply terms support the reliability and availability of these materials, providing a strategic advantage as manufacturing scales.
“Equipment capacity must be matched by dependable material supply and consistent quality control,” said Jeffrey Low, CEO of First Breach. “These steps bring our sourcing and inspection capabilities into closer alignment with our production plans. We are building on our investments in Hagerstown to support higher output and respond reliably to growing customer demand.”
About First Breach
First Breach Inc. is an ISO 9001:2015 certified, American-made defense technologies company focused on manufacturing match-grade ammunition components, finished ammunition, and developing next-generation unmanned aerial systems for commercial, law enforcement, and military markets. The Company manufactures its products in-house at its Hagerstown, Maryland facility, where it produces brass cups, casings, projectiles, lead cores, lead wire, and completed ammunition with rigorous quality control standards. First Breach is also advancing its drone strategy through the development of U.S.-made unmanned systems, leveraging advanced engineering, robotics, ISR and sensor technologies, and precision manufacturing capabilities to address evolving defense, homeland security, law enforcement, and commercial requirements across domestic and international markets.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not historical facts and include statements regarding the Company’s expectations, beliefs, plans, objectives, strategies, future events, future performance, business prospects, growth initiatives, acquisitions, market opportunities, capital resources, operational objectives, and other statements that are predictive in nature. Forward-looking statements may be identified by the use of words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “seek,” “should,” “target,” “will,” “would,” and similar expressions, although not all forward-looking statements contain these identifying words.
Forward-looking statements are based on management’s current expectations, assumptions, and beliefs regarding future developments and their potential effect on the Company. These statements are not guarantees of future performance and involve known and unknown risks, uncertainties, assumptions, and other factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied by such forward-looking statements.
Factors that could cause actual results to differ materially from those expressed or implied by forward-looking statements include, but are not limited to, changes in economic, business, market, competitive, regulatory, technological, legal, and geopolitical conditions; the Company’s ability to execute its business strategy; access to capital and financing; customer demand; industry developments; and other risks and uncertainties described from time to time in the Company’s filings with the U.S. Securities and Exchange Commission, which are available for review at www.sec.gov.
Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date they are made. Except as required by applicable law, the Company undertakes no obligation to update, revise, or publicly disclose any revisions to any forward-looking statements to reflect events, circumstances, or changes in expectations occurring after the date of this press release.
First in a planned programme of acquisitions to expand Davion’s revenues, earnings and healthcare operations
DUBLIN, Oct. 29, 2026 (GLOBE NEWSWIRE) — Davion Healthcare Plc (NASDAQ: DAVI) (“Davion” or the “Group”), a developer of non-invasive health monitoring technologies, announces that it has entered into an agreement dated 27 October 2026 to acquire Healthcare Stat Homecare Inc. (“HSH”), a Pennsylvania-incorporated provider of home healthcare services based in Philadelphia.
The total consideration is $13.5 million, comprising $8 million in cash and $5.5 million in Davion shares issued at an agreed value of $13 per share. Completion is expected on or before 31 December 2026, subject to the terms of the acquisition agreement.
HSH is an established, revenue-generating and profitable healthcare services business. For the year ended 31 December 2025, HSH reported gross receipts of approximately $11.6 million and ordinary business income of approximately $1.9 million (unaudited). The acquisition is expected to provide Davion with an established operating business and an additional source of revenue and earnings following completion.
The proposed acquisition represents the first in a planned programme of acquisitions of established, revenue-generating and profitable healthcare businesses over the coming year. This strategy is intended to complement Davion’s existing portfolio of proprietary healthcare technologies, broaden its commercial operations and build a more diversified healthcare group.
HSH provides skilled nursing, home health aide and rehabilitation services to patients in Philadelphia and surrounding areas. Its clinical programmes include wound care, lymphedema management, dementia and diabetes care, telehealth and rehabilitation. Its workforce includes registered nurses, licensed practical nurses, home health aides, physical and occupational therapists and social workers.
HSH provides care to patients of all ages, from children to the elderly, helping individuals remain in their own homes rather than requiring residential or institutional care. According to its website, HSH holds JCAHO accreditation and Medicare and Medicaid certifications, is fully insured and bonded, and accepts major insurance plans.
The acquisition would also extend Davion’s activities beyond the development and commercialisation of healthcare products into the delivery of care in patients’ homes. It could provide opportunities to evaluate the use of Davion’s non-invasive monitoring technologies in home healthcare, including wound monitoring and preventative care. Any integration or deployment plans will be developed following completion.
Glenn Williams, Chief Executive Officer of Davion, commented:
“HSH is an established and profitable business that will bring meaningful revenues and earnings to Davion, while giving us a direct presence in home healthcare and opportunities to introduce our monitoring and diagnostic technologies closer to patients. Importantly, this is the first in a planned programme of acquisitions of revenue-generating, profitable healthcare businesses over the coming year, as we look to build a broader and more diversified Group combining our proprietary technologies with established operating businesses. We look forward to working with HSH’s management to support its existing operations and explore opportunities to integrate our technologies into the delivery of care at home.”
Manilal Mathai, Co-owner and Chief Executive Officer of HSH, added:
“We share Davion’s commitment to improving care for patients outside hospital settings. Joining forces would give us an opportunity to combine HSH’s home healthcare experience with Davion’s technology-led approach, while continuing to focus on the quality and continuity of care we provide to patients and families.”
Mark Komonoski Partner Integrous Communications Toll Free: 877-255-8483 Mobile: 403-470-8384
About Davion Healthcare Plc
Davion Healthcare Plc is a next-generation digital healthcare company developing proprietary, non-invasive health monitoring technologies designed to support the early identification of medical anomalies outside traditional clinical environments.
The Company’s flagship product, BreastCheck, is an FDA-registered at-home breast health screening test designed to identify potential abnormalities through changes in breast temperature. Davion’s broader portfolio includes technologies addressing circulation and foot health, testicular health, skin anomalies, wound monitoring, blood pressure and other areas of preventive healthcare.
Davion’s growth strategy combines the development and commercialisation of its proprietary technologies with complementary acquisitions intended to expand the Group’s product portfolio and commercial, manufacturing and distribution capabilities.
This announcement contains forward-looking statements within the meaning of the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, those identified by words such as “believes,” “will,” “expects,” “anticipates,” “estimates,” “intends,” “plans,” “targets,” “projects” and similar expressions.
The statements in this release are based upon the current beliefs and expectations of the Company’s management and are subject to significant risks and uncertainties. Actual results may differ from those set forth in these forward-looking statements.
Numerous factors could cause or contribute to such differences, including, but not limited to, the results of product evaluations, studies, regulatory reviews and commercial adoption and/or other studies, clinical trials, the challenges inherent in new product development initiatives, the impact of any competitive products, the Company’s ability to license and protect its intellectual property, its ability to raise additional capital in the future, changes in government policy and/or regulation, potential litigation by or against the Company, any governmental review of its products or practices, and other risks discussed from time to time in the Company’s filings with the Securities and Exchange Commission.
The Company undertakes no obligation to update any forward-looking statements, or any information contained in this press release or in other public disclosures, at any time, except as required by applicable law.
The investing public is reminded that only announcements or information about Davion Healthcare Plc disseminated by the Company and bearing its name are considered official.
A mineral royalty is a very small sentence with a very long future. It may promise one percent of a mine’s revenue, perhaps two, in exchange for a claim once sold or capital once supplied. The percentage looks modest. The calendar does not. Years of drilling, engineering, permits and construction can pass before the first payment arrives. David Cole has built his working life around that gap – the suspense between what a geologist sees and what the rest of the world is prepared to finance.
Cole is an economic geologist by training, a founder by temperament and a capital allocator by repetition. He spent 17 years at Newmont Mining, then co-founded the company that became EMX Royalty in 2003. More than two decades later, EMX had grown from a single-asset explorer with a C$3.3 million market capitalization into a portfolio of more than 250 mineral assets across six continents. In November 2025, EMX merged with Elemental Altus. Cole became chief executive of the combined Elemental Royalty Corporation.
The corporate summary is tidy. The method behind it is boots, maps, contracts and long waits. Cole’s memorable description of his early exploration work is “the pointy end of the stick” – the place where uncertainty is still fresh, the field data is incomplete, and a persuasive geological idea can change the value of a patch of ground.
17years at Newmont in technical and management roles
250+mineral assets held by EMX before the merger
6continents across the EMX portfolio
The education of a geological optimist
Cole has traced his interest in geology back to childhood gold panning with his grandfather. The adult version of that curiosity acquired degrees from Fort Lewis College and Colorado State University, where he earned a master’s in geology and studied under economic geologist Tommy Thompson. Then Newmont supplied the roaming postgraduate course.
His assignments crossed Nevada, Southeast Asia, South America, Europe and Central Asia. His work included contributions associated with the Carlin Trend, Yanacocha and Minahasa mines. He later established and managed Newmont’s exploration programs in Turkey while looking for early-stage acquisition targets in Eastern Europe. The point was not travel for its own sake. Each jurisdiction offered another lesson in what makes a discovery valuable – and in how easily that value can be consumed by the cost of proving, permitting and building it.
Cole has said his passion was always “value creation through the discovery process.” Yet he was also fascinated by which parts of mining made money and which merely consumed it. He watched Franco-Nevada’s royalty model grow from mineral interests on Nevada’s Carlin Trend. The arrangement had an appealing asymmetry: exposure to what a mine produced, without employing everybody or paying every bill required to produce it.
“My passion has always been value creation through the discovery process.”David M. Cole
Sell the prospect. Keep the tail.
When Cole helped form Eurasian Minerals in 2003, the company began as an explorer. Its eventual name, EMX Royalty Corporation, made the evolving strategy plain. EMX would acquire promising mineral rights, assemble and improve the geological evidence, and invite a partner to take the project forward. The partner would supply the increasingly serious capital. EMX would receive payments, sometimes shares, and retain a royalty on future production.
The royalty-generation loop
01 / FindAcquire prospective mineral rights
02 / ProveBuild the geological case
03 / PartnerSell or option the project
04 / KeepRetain a production royalty
Cole calls this royalty generation an organic growth strategy. It asks a geological team to be good at more than geology. A prospect has to be credible, but it also has to be marketable. “First and foremost is geological prospectiveness,” he has said. Next comes the probability of selling the asset. Staking ground is easy enough. Turning it into a royalty that another company will spend money to advance is the trick.
The attraction becomes clear when costs rise. Once a project is sold, exploration spending, development studies and construction bills sit on the counterparty’s side of the table. The royalty holder keeps exposure to higher commodity prices and to fresh discoveries on the property. In Cole’s preferred word, it keeps optionality. A mine can deepen, a district can widen, a metal price can climb. The royalty is still there, waiting in the paperwork.
At PDAC 2025, Cole sits at the right of the frame and talks royalties with Devan Murugan. The little globe between them is almost too neat: his portfolio argument has always been geographic.
A cheque with comic timing
Patience is delightful after it pays. Before it pays, patience is an excellent way to discover how shareholders sound when they are annoyed. The Malmyzh copper-gold project supplied Cole with both phases.
EMX identified IG Copper and its project in Russia’s Far East as a strategic investment and put roughly US$13 million into the company over time. In 2018, Russian Copper Company bought Malmyzh for US$200 million. EMX received an initial US$65 million distribution. Then, with the relief of a geologist who had finally become a cashier, Cole observed that the cheque “did not bounce.”
He joked that the deal had done wonders for his personality. For years, impatient investors had challenged the wait. Once the money was in the bank, people approached him to shake hands and announce how good it was to see him. The geology had not suddenly changed. Neither had the strategy. Cash had simply made the old conviction sociable.
“You can imagine facing impatient shareholders for years and then when you finally crystallize a big investment and the money is in the bank, they come up and shake your hand.”David M. Cole, after the Malmyzh sale
Malmyzh was not a royalty-generation template in every detail. It was a strategic investment and a lesson in company building. It still revealed Cole’s taste for situations where technical judgment and patient capital could meet. He also co-founded Standard Uranium. Energy Metals Corporation acquired it, and Uranium One later acquired Energy Metals for US$1.8 billion. The outcomes were different; the recurring instrument was an informed claim on mineral potential.
Four turns of the map
1980s-2003
Newmont – exploration and management work across several continents.
2003
Co-founds Eurasian Minerals, the company later renamed EMX Royalty.
2018
The Malmyzh sale brings EMX an initial US$65 million distribution.
2025
EMX merges with Elemental Altus; Cole becomes CEO of Elemental Royalty.
The portfolio becomes the product
A single mine is vulnerable to nearly everything specific: one ore body, one government, one engineering plan, one operator. Cole’s answer was accumulation across metals, countries and stages of development. EMX mixed generated royalties with acquired royalties and strategic investments. Some assets produced cash. Some were being drilled. Others remained geological possibilities with contracts attached.
That variety turns the portfolio itself into the product. The early-stage interests offer discovery potential. Producing royalties offer current revenue. Copper, gold and other metals do not move in perfect unison. Projects advance on their own calendars. No spreadsheet abolishes mining risk, but many unrelated chances can alter its shape.
Cole also emphasizes people. Technical judgment decides which ground deserves attention. Commercial judgment decides how to transact it. Rick Rule, a long-time natural-resource investor, has publicly credited Cole with hiring, motivating and retaining strong geologists. That skill matters because royalty generation is not passive at the start. Before the percentage can sit quietly, a team has to find the opportunity, organize the data and persuade a counterparty to care.
Preserve the upside
A handoff does not have to be an exit. A retained royalty keeps a contractual connection to future success.
Move the heavy bill
The operator funds the expensive steps while the royalty holder remains exposed to production and discovery.
Make expertise transact
Good technical work becomes more valuable when it improves the structure and terms of a deal.
Fund the waiting
Long-cycle conviction needs a portfolio and balance sheet capable of surviving an indifferent calendar.
A larger vessel for the same idea
The November 2025 merger joined EMX with Elemental Altus and installed Cole as CEO of the combined Elemental Royalty Corporation. The transaction expanded the portfolio, paired EMX’s royalty-generation pipeline with Elemental Altus’s producing and acquired royalties, and brought a US$100 million investment from Tether. In February 2026, Cole joined the leadership team to ring the Nasdaq Opening Bell. The scene was several worlds away from a field geologist studying rock, though the enterprise on display still rested on observations that began there.
The new job changes the scale more than the philosophy. Cole has framed the combined company as a broader platform spanning current and future revenue-generating assets. Greater scale can lower dependence on any single mine and provide more capital for acquisitions. It can also create a management test familiar to every collector of assets: a bigger cabinet is useful only if the contents remain intelligible.
Cole’s career suggests he likes intelligible systems. Look first at the geology. Decide whether somebody will want the project. Arrange the deal so success still matters after control changes hands. Repeat without pretending the calendar is yours to command.
Mining works at heavy scale – trucks, pits, mills, balance sheets – yet Cole’s chosen unit is a percentage point. That is the playful paradox of the royalty business. The physical work grows while the owner of a small contractual slice can remain comparatively light. The rocks do not become less stubborn. The capital burden simply moves.
For founders outside mining, the useful part is not the commodity forecast. It is the structure. What can be handed to a better-funded partner? What piece of future value can be kept? Which expertise earns a durable claim rather than a one-time fee? And can the business survive long enough for one percent to become interesting?
Cole has spent four decades asking versions of those questions, first in the field, then in the boardroom. His answer is written across a map of mineral rights: find carefully, transact deliberately, and allow time to reveal how valuable the tiny sentence on the page may become.
Federal investment and new procurement rules help push critical production back onto American lines
HAGERSTOWN, MD / ACCESS Newswire / October 29, 2026 / First Breach Inc. (NASDAQ:FBDT) (“First Breach” or the “Company”), an American-made defense technologies company focused on vertically integrated ammunition production and next-generation unmanned aerial systems, is advancing its Hagerstown manufacturing expansion as federal investment and procurement priorities reinforce demand for domestic defense production. The Company believes this shift reflects a lasting national security priority that extends beyond any single policy cycle.
The Pentagon’s roughly $1 billion Drone Dominance Program, announced in December 2025, aims to buy hundreds of thousands of American-made drones and is designed to give industry a steady, long-term demand signal. The program’s second phase, which takes effect this year, restricts motors and battery systems from covered countries.
“For 20 years, manufacturing decisions defaulted to building overseas because it was cheaper,” said Jeffrey Low, CEO of First Breach. “Basing decisions on cost alone is now over. One area where this country has decided it will no longer depend on foreign factories is the production of ammunition and drones for its own military and its own agencies’ needs. That is what reshoring looks like today, with U.S. manufacturers directly benefitting from billions of dollars in new contracts and investments in facilities and workers to meet increased demand.”
“This is what a serious reshoring effort should look like: policy and manufacturing capacity arriving together rather than years apart,” said Jordan Low, President and Chief Operating Officer of First Breach. “Anyone can say they support American manufacturing, but it’s just talk unless there is investment to back those words up, we are putting money where our mouth is by moving from a single product line to a vertically integrated ammunition and drone operation, built entirely on U.S. soil, on a timeline that gets ahead of the deadlines the federal government has set for itself.
First Breach is targeting scaled drone production at its Hagerstown campus by Q2 2027, ahead of the exemption deadline. The Company currently has approximately 80,000 square feet dedicated to ammunition manufacturing, with more than 200,000 additional contiguous square feet under development to expand ammunition production and establish drone manufacturing operations.
As part of this expansion, First Breach has conducted extensive testing of its American-made unmanned aerial systems, with two proprietary drone platforms now in active flight testing. Among its recent successes, the Company’s Close Quarters Strike platform has completed untethered flight, executed a fully autonomous mission from takeoff through landing along a predetermined satellite navigation route, and reached 100 mph in testing without a payload. Its larger Long Range Strike platform has also completed its initial test flight. The two platforms share components and manufacturing resources designed to support efficient, scalable production as development and testing continue. The company expects to complete initial drone prototypes by Q4 2026 with a target of scaled production in Q2 2027.
About First Breach
First Breach Inc. is an ISO 9001:2015 certified, American-made defense technologies company focused on manufacturing match-grade ammunition components, finished ammunition, and developing next-generation unmanned aerial systems for commercial, law enforcement, and military markets. The Company manufactures its products in-house at its Hagerstown, Maryland facility, where it produces brass cups, casings, projectiles, lead cores, lead wire, and completed ammunition with rigorous quality control standards. First Breach is also advancing its drone strategy through the development of U.S.-made unmanned systems, leveraging advanced engineering, robotics, ISR and sensor technologies, and precision manufacturing capabilities to address evolving defense, homeland security, law enforcement, and commercial requirements across domestic and international markets.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not historical facts and include statements regarding the Company’s expectations, beliefs, plans, objectives, strategies, future events, future performance, business prospects, growth initiatives, acquisitions, market opportunities, capital resources, operational objectives, and other statements that are predictive in nature. Forward-looking statements may be identified by the use of words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “seek,” “should,” “target,” “will,” “would,” and similar expressions, although not all forward-looking statements contain these identifying words.
Forward-looking statements are based on management’s current expectations, assumptions, and beliefs regarding future developments and their potential effect on the Company. These statements are not guarantees of future performance and involve known and unknown risks, uncertainties, assumptions, and other factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied by such forward-looking statements.
Factors that could cause actual results to differ materially from those expressed or implied by forward-looking statements include, but are not limited to, changes in economic, business, market, competitive, regulatory, technological, legal, and geopolitical conditions; the Company’s ability to execute its business strategy; access to capital and financing; customer demand; industry developments; and other risks and uncertainties described from time to time in the Company’s filings with the U.S. Securities and Exchange Commission, which are available for review at www.sec.gov.
Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date they are made. Except as required by applicable law, the Company undertakes no obligation to update, revise, or publicly disclose any revisions to any forward-looking statements to reflect events, circumstances, or changes in expectations occurring after the date of this press release.
Toronto, Ontario–(Newsfile Corp. – October 28, 2026) – Coyote Copper Mines Inc. (TSXV: CCMM) (“Coyote Copper” or the “Company”) is pleased to provide an exploration update from its Copper Springs Project in Arizona’s Copper Triangle (Figure 1). Since the February and March geophysical programs, the Company has expanded its land position and carried out additional geophysical surveys, surface mapping and sampling to refine drill targets. Proceeds from the accelerated warrant exercise provided funding for the expanded exploration and staking program. Drilling is scheduled to begin around November 16, 2026.
Dan Weir, CEO of Coyote Copper Mines Inc., commented;
“Coyote Copper has signed Confidentiality Agreements (“CA’s”) with 6 major copper mining companies some of which have visited the project multiple times. Other company visits are being planned.”
“After successful geophysics programs in February and March of 2026, the company increased the original USD$200,000 geophysics budget to USD$1,500,000, increased our land position, and added expanded soil geochem and rock sampling programs. This effort was endorsed by the six major copper mining companies with which we have signed CA’s. The project continues to return great results and demonstrates the potential for multiple porphyry copper deposits. The expanded exploration program is ongoing, with efforts focused on prioritizing Phase One drill targets from our 37 permitted drill sites. With such a huge project and so many viable targets being revealed, we expect to be making a huge impact in the area, and for our investors.”
Highlights
● 214 additional claims have been staked, bringing Copper Springs to 1,100 claims covering approximately 22,086 acres (89.4 km²) (Figure 2).
● Rock chip results (Figure 3, Table 2):
○ West Gibson: 19.25% Cu over 0.60 m.
○ Around Gibson: 13.79% Cu over 0.30 m.
○ Maher: 0.54% Cu and 4,841.8 ppm molybdenum (Mo) over 0.50 m.
Assays are pending for 1,056 soil samples, 117 rock samples and 46 channel samples (Table 1). Regional soil sampling is complete across the expanded land position. A further 679 soil samples are planned for infill over the Santa Ana chargeability anomaly and surrounding targets.
● Drone surveying began on October 19 to extend magnetic coverage beyond the February survey area and collect radiometric data across the Project.
● Strong chargeability response near Santa Ana is evident in preliminary induced polarization (IP) results. TMC Geophysics and Zonge Geophysics continue IP and electromagnetic surveys across the Project (Figure 6, Table 3).
● Major Drilling is scheduled to begin drilling around November 16, 2026. Permits cover road construction and 37 drill locations (Figure 9). Phase 1 will test shallow oxide and deeper sulfide targets.
Regional Setting and Exploration Focus
Copper Springs lies near Globe and Miami in Arizona’s Copper Triangle, within the porphyry copper belt that hosts Pinto Valley, Miami and Resolution (Figure 1).
Figure 1. Location of Copper Springs among copper deposits and operations in Arizona’s Copper Triangle.
The Company recently staked 214 additional claims based on geophysical and soil sampling results. The expanded land position now includes 1,100 claims, up from 886, and covers approximately 22,086 acres (89.4 km²). Additional mapping and soil sampling are planned or in progress across the expanded project area.
Figure 2. Existing and newly staked claims at Copper Springs.
Copper assay results are available for 2,729 of the 3,948 rock, channel and soil samples collected during the program (Table 1). Rock and channel sampling characterize exposed mineralization (Figure 3), while soil surveys outline geochemical patterns across a wider area for comparison with mapped geology and geophysical responses.
Table 1. Surface Sampling
Sample type
Collected
Cu assays
Rock
454
337
Channel
399
353
Soil
3,095
2,039
Channel sampling totals 396.39 m across 399 samples. Assays are pending for 1,056 of the collected soil samples.
Grab, dump and selective chip samples may not represent the average grade of the mineralization.
Figure 3. Rock and channel copper assays (%) over spectral IP phase at 800 m elevation.
Rock and channel sampling tests copper-bearing quartz veins, faults and exposed mineralization at West Gibson, area around the Gibson Mine, Santa Ana and MF. Table 2 presents samples returning at least 1% Cu, together with selected molybdenum and channel results.
These results exclude samples reported in the Company’s October 1, 2025 and April 30, 2026 news releases and historical 2016 Teck samples.
Table 2. Significant Surface Sampling Results
Sample
Target
Type
Width (m)
Easting
Northing
Cu (%)
Mo (ppm)
Ag (g/t)
Certificate
2027129
West Gibson
Rock chip
0.60
503463
3688553
19.25
18.50
17.85
SP0158872
2027134
West Gibson
Rock chip
0.80
503433
3688611
10.63
37.40
15.30
CYTE26-001
1844755
West Gibson
Rock chip
0.60
503483
3688696
8.06
21.00
10.07
SP0156942
2027150
West Gibson
Selective grab (dump)
503595
3688978
6.19
36.50
2.90
CYTE26-001
2027151
West Gibson
Rock chip
503563
3689006
4.46
6.70
0.90
CYTE26-001
2027127
West Gibson
Rock chip
0.50
503401
3688576
4.38
14.40
5.34
SP0158872
2027126
West Gibson
Dump grab
503365
3688475
4.32
4.90
4.22
SP0158872
2027124
West Gibson
Rock chip
1.00
503285
3688376
3.84
9.40
1.62
SP0158872
2027145
West Gibson
Selective grab (dump)
503368
3688516
3.79
1.70
4.40
CYTE26-001
2027152
West Gibson
Rock chip
503572
3688923
3.08
6.90
3.30
CYTE26-001
1844757
West Gibson
Rock chip
0.70
503515
3688737
2.84
8.00
1.85
SP0156942
1844756
West Gibson
Rock chip
0.45
503483
3688693
1.90
4.30
9.84
SP0156942
2027142
West Gibson
Rock chip
503437
3688544
1.63
0.90
0.70
CYTE26-001
2010815
West Gibson
Rock chip
1.00
503365
3688504
1.44
2.50
2.50
CYTE26-006
1844758
West Gibson
Rock chip
0.25
503519
3688741
1.19
8.10
1.25
SP0156942
2027133
West Gibson
Rock chip
1.00
503422
3688599
1.18
0.70
7.90
CYTE26-001
2027125
West Gibson
Rock chip
1.50
503282
3688374
1.09
2.00
1.00
SP0158872
1844753
Around Gibson
Rock chip
0.30
504161
3688477
13.79
17.60
28.85
SP0156942
1844752
Around Gibson
Rock chip
0.20
504153
3688474
6.30
10.20
8.87
SP0156942
1844750
Around Gibson
Rock chip
0.60
504155
3688472
5.93
5.80
1.80
SP0156942
2027171
Around Gibson
Rock chip
1.00
504120
3688459
4.83
0.90
0.40
CYTE26-001
2027165
Around Gibson
Selective chip
0.20
503719
3688097
4.07
7.60
10.70
CYTE26-001
1844748
Around Gibson
Selective grab
504698
3687492
3.75
168.40
2.38
SP0156942
1844749
Around Gibson
Rock chip
0.60
504155
3688473
3.66
8.60
5.46
SP0156942
2027164
Around Gibson
Rock chip
1.00
503683
3688323
3.07
9.20
2.10
CYTE26-001
2027172
Around Gibson
Selective chip
1.00
504527
3688429
3.05
4.20
1.10
CYTE26-001
2027153
Around Gibson
Rock chip
1.00
504429
3688531
2.34
2.10
6.00
CYTE26-001
2027154
Around Gibson
Rock chip
0.50
504459
3688544
2.28
0.50
2.00
CYTE26-001
2027155
Around Gibson
Rock chip
0.80
504459
3688544
1.90
0.80
1.20
CYTE26-001
2027156
Around Gibson
Selective chip
0.50
504459
3688544
1.09
0.20
0.30
CYTE26-001
1844751
Around Gibson
Rock chip
1.20
504154
3688473
1.06
2.40
0.60
SP0156942
2010533
West Lobe
Dump grab
507975
3688755
3.23
211.00
0.60
CYTE26-005
2010579
Santa Ana
Rock chip
1.00
509083
3689147
1.88
28.90
1.80
CYTE26-006
2010212
Rock chip
0.50
509433
3689521
1.42
8.40
3.66
SP0158872
2010225
BP 4
Rock chip
0.50
507232
3690652
1.12
9.40
6.50
SP0158872
2010546
Rock chip
508812
3689589
1.03
734.00
11.60
CYTE26-006
2010922
MF BX
Channel
1.00
509229
3689501
0.91
3.30
1.60
CYTE26-005
2010202
Maher
Rock chip
0.50
509105
3690051
0.54
4,841.80
1.44
SP0158872
2010544
Rock chip
508820
3689652
0.43
1,500.00
1.00
CYTE26-006
2010543
Rock chip
508825
3689691
0.19
2,000.00
0.60
CYTE26-006
2010594
Rock chip
508816
3689230
0.17
3,030.00
1.60
CYTE26-006
2010565
Santa Ana
Rock chip
1.50
508950
3689044
0.14
1,850.00
6.00
CYTE26-006
2010536
Rock chip
508731
3689866
0.013
1,480.00
0.10
CYTE26-006
2010556
Black Rock
Rock chip
1.50
505877
3682220
2.78
4.10
19.60
CYTE26-006
2026316
Poly BX
Tailings grab
506670
3684380
1.60
92.00
64.20
SP0155090
2010224
Red Rock QSP
Rock chip
0.50
505008
3683253
1.41
37.80
79.51
SP0158872
2026308
Red Rock QSP
Rock chip
504980
3683226
1.27
4.00
3.20
SP0155090
2026306
Red Rock QSP
Dump grab
504951
3683198
1.18
1.00
0.40
SP0155090
Coordinates are WGS84 UTM Zone 12N. Blank widths indicate that no sample width is reported. Widths are sampled lengths and are not true widths.
Soil Geochemistry
Soil copper anomalies help guide follow-up exploration in the area close to Gibson, West Gibson and Santa Ana exploration areas highlighted in Figure 4. Regional soil sampling has been completed across the remaining areas within the new project boundary at 100 m and 200 m spacing, with 1,056 samples awaiting assays.
Figure 4 shows the previously reported soil copper anomalies in relation to the mapped exploration targets. A further 679 soil samples are planned over the Santa Ana chargeability anomaly and surrounding targets.
Geophysical surveying continues across the Project, including 2D IP work tying Gibson to the Santa Ana area across the IP “Donut” (Figure 5). Preliminary 2D IP results show a strong chargeability response near Santa Ana (Figures 6 to 8).
Figure 5. Planned IP lines and CSEM stations over spectral IP phase at 600 m elevation.
Field mapping has focused on ground-truthing the geophysical signatures. The strongest chargeability response lies west of the main surface copper occurrences (Figure 6), and this south-western high reaches surface at two locations that coincide with copper oxides. The sulfide mineralization exposed at MF Creek and Santa Ana correlates with an intermediate chargeability response. Assays are pending for many of the samples collected over the chargeability high. Mapping and assay results will guide drillhole placement to test whether the exposed mineralization connects with the chargeability response at depth.
Figure 6. Surface copper assays in percent over modeled chargeability at 1,300 m above sea level.
Structural mapping has recorded 3,614 measurements to date: 3,428 veins, 145 faults and 41 other structures. The mapped veins and faults extend across the chargeability response (Figure 7), and they are being used to define the structural controls on mineralization and to target drilling for both shallow and deep targets.
Figure 7. Vein and fault measurements over modeled chargeability at 1,400 m elevation.
Intersecting chargeability sections L1N and L6E show the modeled response beneath the surface geology (Figure 8). The response is strongest on L1N beneath the Santa Ana area and weaker on the intersecting L6E section. The three-dimensional view also shows that much of the copper-sulfide mineralization is associated with intermediate chargeability outside the large south-western high, and this subsurface information is being used to plan drillhole intercepts with geophysical features.
Figure 8. Three-dimensional view of modeled chargeability sections L1N and L6E with surface geology and copper assays.
Permit approvals have been received for 37 Phase 1 drill locations, each capable of accommodating multiple drillholes. Road construction is advancing on schedule to support the November start of drilling. Figure 9 shows the planned access network and construction progress toward the initial drill sites. Major Drilling is scheduled to begin drilling around November 16, 2026.
Figure 9. Phase 1 access routes and permitted drill sites at Copper Springs.
The November 23, 2025 technical report contains no current mineral resource or mineral reserve estimate.
Sampling, Analysis And Quality Control
MineOro collected channel, rock chip and selective grab samples. Channels were cut with a diamond saw to approximately 3 inches depth, and continuous rock chips were collected across marked intervals. Selective grabs were collected from outcrop and mine dumps. Sample types, locations, widths and analytical results are provided in Table 2.
Samples were uniquely numbered, bagged and sealed, with photographed sites and handheld GPS locations recorded in WGS84 UTM Zone 12N. Samples were securely stored before delivery or courier shipment to the analytical laboratories.
Soils were collected from B-C horizons at depths of 6 to 12 inches and sieved to 60 mesh in the field.
Verification included comparing assay data with field records and laboratory reports and reviewing standards, blanks and laboratory repeats. Rock laboratory repeats assess analytical precision. No field or coarse-reject duplicates were available in the reviewed rock dataset to assess sampling and preparation variability. For mapping, results below detection were assigned numerical values, primarily half the detection limit. Results above range without a final overlimit assay were capped at the reporting limit.
Skyline Assayers & Laboratories, Tucson, Arizona, prepared and analyzed rock, channel and soil samples. Skyline holds ISO/IEC 17025 accreditation for the relevant preparation and analytical methods.
Skyline determined total copper by multi-acid digestion with an AAS finish (CuT) and multielement concentrations by near-total multi-acid digestion with ICP-OES/ICP-MS (TE-5). Overrange copper was determined by long iodide titration and overrange molybdenum by single-element assay.
American Assay Laboratories (AAL), Sparks, Nevada, holds ISO/IEC 17025 accreditation. Rock preparation comprised crushing to 70% passing 2 mm, splitting 300 g and pulverizing to 85% passing 75 µm. Analysis used a 0.5 g four-acid plus boric acid digestion with ICP-OES or ICP-OES/ICP-MS (IO-4AB51 or IM-4AB52). Copper above 10,000 ppm was determined by ore-grade ICP-OES (IO-4ABOR).
ALS prepared 437 soil samples in Tucson, Arizona, by screening to minus 180 µm and analyzed them in North Vancouver, British Columbia, using a 0.5 g aqua regia digestion with ICP-MS/ICP-AES (ME-MS41L).
Skyline, AAL and ALS are independent commercial laboratories. MineOro conducts the sampling program for the Company.
MineOro’s field quality-control program includes certified reference materials and blanks at approximately 5% of the rock and channel sample stream, and certified reference materials and field duplicates at approximately 2% of the soil sample stream. Skyline and AAL also analyzed laboratory reference materials, blanks and duplicates with each batch. Some certified reference materials in the AAL soil batches returned low copper recoveries. The soil results were accepted for reconnaissance interpretation.
Qualified Persons
Michael N. Feinstein, PhD, CPG, of MineOro, is the Company’s project Qualified Person and is independent of the Company under NI 43-101. He prepared, reviewed and approved the scientific and technical disclosure in this release and has verified the supporting data. Bay Woods, CPG, prepared or supervised implementation of the maps and figures and monitored QA/QC. Both are Qualified Persons under National Instrument 43-101, Standards of Disclosure for Mineral Projects.
Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statement Regarding Forward-Looking Information
This news release contains statements that constitute “forward-looking information” within the meaning of applicable securities laws, including statements regarding ongoing and proposed exploration activities, completion and interpretation of geophysical surveys, construction of access roads and drill pads, commencement and timing of drilling, and the objectives and potential results of exploration programs.
Forward-looking information is often, but not always, identified by words such as “plans,” “expects,” “is expected,” “scheduled,” “estimates,” “forecasts,” “intends,” “anticipates,” “believes,” “may,” “could,” “would,” “might” or “will.” Forward-looking information is based on management’s current expectations, estimates, assumptions and beliefs and is subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from those expressed or implied. Such risks include risks applicable to mineral exploration companies, including title, permitting, environmental, exploration, contractor availability, financing and commodity-price risks.
There can be no assurance that forward-looking information will prove to be accurate. Readers should not place undue reliance on forward-looking information. Forward-looking information contained herein is made as of the date of this news release and, except as required by applicable law, the Company disclaims any obligation to update or revise such information as a result of new information, future events or otherwise.
Denver, Colorado–(Newsfile Corp. – October 26, 2026) – Elemental Royalty Corporation (NASDAQ: ELE) (TSX: ELE) (“Elemental” or the “Company“) is pleased to announce that it has completed the acquisition of four of the five royalty and streams from funds managed by Orion Mine Finance Management LP (collectively, “Orion“), as previously announced on September 21, 2026 (the “Acquisition“).
In conjunction with the Acquisition, Elemental has executed the amendment to the Company’s existing Revolving Credit Facility (the “Facility“), increasing the Facility from US$150 million to US$250 million, with a further US$50 million accordion feature (the “Accordion“).
Elemental Chief Executive Officer, Frederick Bell, commented: “We are pleased to complete the acquisition of key assets from Orion. In the month since the Acquisition was announced, i-80 have reported first results from their ongoing Mineral Point drill program that highlight the potential for the mineralized footprint to expand as well as updating their development plan to prioritize the project. In parallel, Silverco published a new PEA for the producing La Negra mine that doubles production compared to our previous valuation and highlights the significant growth potential embedded within the portfolio.
The expansion of our credit facility to US$250 million demonstrates the continued support of our lending partners and provides us with greater financial flexibility going forwards to pursue further accretive royalty and streaming investments.”
Orion Portfolio
The acquired assets comprise the Ruby Hill Complex and Granite Creek silver stream, the Kouroussa gold stream, the Homestake District royalty and the La Negra royalty. The acquisition of the Snowy River gold stream is expected to close separately as planned in Q1 2027, subject to satisfaction of the applicable regulatory approvals in New Zealand.
Since the acquisition was announced, there have been a number of material updates on the assets:
Ruby Hill Complex and Granite Creek – i-80 Gold Corp.
i-80 has updated its development plan to prioritize Mineral Point as its next major development project, a key driver of anticipated production growth for the company. An ongoing infill and step-out drilling campaign has already demonstrated encouraging results, including the potential to expand the mineralized footprint. A Pre-Feasibility Study is targeted for mid-2027
La Negra – Silverco Mining Ltd.
Silverco has published a Preliminary Economic Assessment for La Negra, outlining an average annual production of 4.1 Moz AgEq1 over an 8.2-year mine life, with steady-state throughput of 2,500 tonnes per day beginning in H2 2027. A 15,000-metre surface and underground drill program, the first large-scale exploration effort at La Negra in two decades, is underway
Elemental paid upfront consideration for the four assets of US$188 million in cash and issued 3,942,881 common shares to Orion. Following the issuance of the consideration shares, the total number of issued and outstanding shares is 76,471,207.
Full details of the transaction can be found in Elemental’s news release titled “Elemental Royalty announces US$290 million Acquisition of Royalty and Streaming Portfolio, Strategic Divestment of Generation Business and Management Succession” dated September 21, 2026.
Credit Facility
The Company has entered into an agreement with National Bank of Canada (“NBC“), Canadian Imperial Bank of Commerce (“CIBC“), and The Bank of Nova Scotia (“Scotia“) (together “the Lenders“) for a US$250 million Facility, with an option to increase to a total of US$300 million through an Accordion feature of US$50 million, subject to the satisfaction of certain conditions. This is an amendment to the existing US$150 million facility.
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. Other material terms of the amended Facility are substantially consistent with the terms of the Company’s existing credit facility.
The Facility has been entered into by Elemental as borrower, NBC as Administrative Agent, National Bank of Canada Capital Markets as Sole Bookrunner and Co-Lead Arranger, and CIBC as Co-Lead Arranger and Syndication Agent.
Advisors
McCarthy Tétrault LLP is acting as legal advisor to Elemental on the Acquisition. Troutman Pepper Locke LLP is acting as U.S. legal counsel to Elemental. Fasken Martineau DuMoulin LLP is acting as legal advisor to Elemental on the Facility
National Bank of Canada Capital Markets is acting as financial advisor to Orion. Torys LLP is acting as legal advisor to Orion.
Qualified Person
The scientific and technical information contained in this news release has been reviewed and approved by Michael Sheehan, a consultant to the Company and a “Qualified Person” as defined in NI 43-101.
Elemental is a mid-tier, gold-focused streaming and royalty company with a globally diversified portfolio of approximately 20 producing assets and more than 260 royalties, anchored by cornerstone assets and operated by world-class mining partners. The Company’s disciplined capital allocation and investment strategy combines immediate cash flow with significant embedded growth, providing a differentiated pathway to long-term value creation. Elemental benefits from a high-quality and diversified asset base, strong organic growth potential and sector-leading management expertise.
Elemental trades on Nasdaq and on the Toronto Stock Exchange under the ticker Symbol “ELE”.
This news release contains certain “forward looking statements” and certain “forward-looking information” as defined under applicable United States and 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 completion of the Acquisition and other transactions described in this news release, including any required approvals, and the timing thereof; 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.
References to nearby mines, deposits and projects are provided for geological and regional context only. Mineralization on nearby or adjacent properties is not necessarily indicative of mineralization on the properties in which Elemental holds, or has agreement to acquire, a royalty interest.
Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of Elemental to control or predict, that may cause Elemental’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 ability of the relevant parties to complete the Acquisition and the other transactions described in this news release; the receipt of approvals necessary for, and the satisfaction of other closing conditions to, the Acquisition; 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, 2025. Elemental undertakes no obligation to update forward-looking statements and information except as required by applicable law. Such forward-looking statements and information represent 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 Nasdaq Stock Market LLC nor the Toronto Stock Exchange, nor its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange), accepts responsibility for the adequacy or accuracy of this news release.
1 Silver equivalent (“AgEq”) is calculated by dividing the total value of payable metal by the silver price, using the PEA price assumptions of $50.00/oz silver, $4.50/lb copper, $0.88/lb lead and $1.30/lb zinc. AgEq Produced applies the same conversion to metal recovered to concentrate. Payability, treatment and refining charges, transportation and penalties are reflected in the payable figures. Silverco Mining Ltd. news release 09/21/2026.
Acquisition adds battery-free smart wound dressing and two-minute multi-marker screening test to Davion’s growing healthcare portfolio
DUBLIN, Oct. 26, 2026 (GLOBE NEWSWIRE) — Davion Healthcare Plc (Nasdaq: DAVI) (“Davion” or the “Company”), a next-generation digital healthcare company developing proprietary health monitoring technologies, today announces that it has completed the acquisition of the intellectual property relating to two medical technologies: WoundSkan, a smart wound-monitoring dressing, and the Spektra Lateral Flow Test, a rapid multi-marker screening platform.
The intellectual property was acquired from the four shareholders of Humaskan Ltd for a total consideration of US$25 million, comprising US$2.5 million in cash and 1,730,770 new ordinary shares in Davion, to be issued at an agreed fixed contractual value of US$13.00 per share (approximately US$22.5 million). The number of shares is fixed and will not vary with movements in the Davion’s share price.
The acquired technologies
WoundSkan is a smart wound dressing containing a temperature sensor and a passive NFC tag. It has no battery or internal power: scanning the dressing with a smartphone powers the sensor and sends the reading to the WoundSkan app. The app records each timestamped temperature reading alongside a reading history and patient notes, so clinicians can track wound temperature, a potential early sign of infection, without removing the dressing.
The Spektra Lateral Flow Test is a single-use screening platform. A onetime use base unit collects urine and saliva samples and takes one of ten colour-coded cartridges, each carrying antibodies for specific markers. Results are available in around two minutes and are sent to a smartphone by passive NFC.
The current cartridge range covers markers associated with certain cancers, hormonal imbalances, autoimmune conditions and neurodegenerative conditions. Although Spektra is not a diagnostic test, it is designed to identify anomalies that may warrant further clinical investigation.
Both technologies use the battery-free, smartphone-read approach that underpins Davion’s focus on health monitoring outside traditional clinical settings.
The acquisition includes the associated patents and patent applications, technical designs, software and algorithms, research and development data, testing information, regulatory documentation, prototypes and know-how. It also includes the rights to develop, manufacture, commercialise and license products incorporating the acquired intellectual property.
The transaction covers the intellectual property and associated assets only. Davion has not acquired Humaskan Ltd as a corporate entity, nor has it taken on its employees or assumed any of its liabilities.
Transaction terms
The consideration shares will be issued after a 90-day deferral period from listing, which will be on the 20th January 2027. For the following 90 days thereafter, each Seller may sell no more than 10% of Davion’s five-day average daily trading volume on any trading day. The cash consideration is payable by 19 February 2027, within 120 days of the start of trading of Davion’s shares on Nasdaq.
Strategy
The acquisition is Davion’s first since its direct listing on the Nasdaq Global Market on 22 October 2026. It follows the Group’s adoption of a direct commercialisation strategy in June 2026. Davion’s growth strategy combines the commercialisation of its proprietary technologies, including BreastCheck, with acquisitions across medical devices, healthcare services, medical distribution, healthcare technology and diagnostics.
To support its acquisition programme, Davion has established Davion Healthcare Finance Ltd and launched a £30 million five-year senior secured bond. The Group’s acquisition programme is overseen by its Operational Directorate, led by Chief Executive Officer Glenn Williams.
Glenn Williams, Chief Executive Officer of Davion Healthcare, commented:
“This acquisition is an important step in our plans to build a substantial international healthcare business, combining the development of our existing portfolio with the acquisition of complementary technologies.
“WoundSkan and Spektra are both innovative, practical technologies with considerable commercial potential. WoundSkan builds on our existing expertise in temperature-based monitoring, offering a way to assess wounds without removing dressings, while Spektra provides rapid screening for multiple conditions from a single sample. Both have applications across a range of healthcare settings.
“Following our recent Nasdaq listing, we are well positioned to accelerate the development and commercialisation of these technologies, while continuing to pursue further acquisition opportunities.”
Mark Komonoski Partner Integrous Communications Toll Free: 877-255-8483 Mobile: 403-470-8384
About Davion Healthcare Plc
Davion Healthcare Plc is a next-generation digital healthcare company developing proprietary, non-invasive health monitoring technologies designed to support the early identification of medical anomalies outside traditional clinical environments.
The Company’s flagship product, BreastCheck, is an FDA-registered at-home breast health screening test designed to identify potential abnormalities through changes in breast temperature. Davion’s broader portfolio includes technologies addressing circulation and foot health, testicular health, skin anomalies, wound monitoring, blood pressure and other areas of preventive healthcare.
Davion’s growth strategy combines the development and commercialisation of its proprietary technologies with complementary acquisitions intended to expand the Group’s product portfolio and commercial, manufacturing and distribution capabilities.
This announcement contains forward-looking statements within the meaning of the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, those identified by words such as “believes,” “will,” “expects,” “anticipates,” “estimates,” “intends,” “plans,” “targets,” “projects” and similar expressions.
The statements in this release are based upon the current beliefs and expectations of the Company’s management and are subject to significant risks and uncertainties. Actual results may differ from those set forth in these forward-looking statements.
Numerous factors could cause or contribute to such differences, including, but not limited to, the results of product evaluations, studies, regulatory reviews and commercial adoption and/or other studies, clinical trials, the challenges inherent in new product development initiatives, the impact of any competitive products, the Company’s ability to license and protect its intellectual property, its ability to raise additional capital in the future, changes in government policy and/or regulation, potential litigation by or against the Company, any governmental review of its products or practices, and other risks discussed from time to time in the Company’s filings with the Securities and Exchange Commission.
The Company undertakes no obligation to update any forward-looking statements, or any information contained in this press release or in other public disclosures, at any time, except as required by applicable law.
The investing public is reminded that only announcements or information about Davion Healthcare Plc disseminated by the Company and bearing its name are considered official.
Sign up to Stay Up to Date on News and Progress from
