Category: Junior Mining

Categories
Base Metals Energy Junior Mining Precious Metals

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

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

Highlights

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

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

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

Figure 1: Sappho Rock Sampling Summary 2026.

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https://images.newsfilecorp.com/files/4488/279678_b4d34a77c45589dd_002full.jpg

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

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

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

Figure 2: Exploration Targets 2026.

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Other Exploration Highlights To Date

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

Midway Mine and Motherlode Planned Exploration 2026

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

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

Trenching and drilling these additional targets will be financing dependent.

Quality Assurance and Control

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

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

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

ABOUT GRIZZLY DISCOVERIES INC.

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

On behalf of the Board,

GRIZZLY DISCOVERIES INC.
Brian Testo, CEO, President

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

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

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

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

Caution concerning forward-looking information

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

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

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

Categories
Base Metals Exclusive Interviews Junior Mining Precious Metals

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

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

Highlights:

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

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

Table 1: Drill Results

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5717/279547_08e927cc54e4ea19_007full.jpg

Table 2: Drill hole locations and descriptions

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

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

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

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

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

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

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

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

Categories
Base Metals Energy Junior Mining Oil & Gas

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

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

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

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

TRANSACTION HIGHLIGHTS

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

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

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

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

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

SELECT FINANCIAL INFORMATION (CAD)

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Requests for further information should be directed to:

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

Cision
Cision

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

Categories
Base Metals Energy Junior Mining Precious Metals Project Generators

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

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

Forward-looking Statements

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

Categories
Base Metals Energy Junior Mining Precious Metals

West Point Gold Provides Summary of Transformative 2025 and 2026 Outlook

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

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

Highlights from 2025:

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

Expected Catalysts for 2026

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

Gold Chain Project (Arizona) Highlights: 

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

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

Key 2025 drill results at Gold Chain include:

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

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

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

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

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

Historical drilling on the project is highlighted by:

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

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

2025 Corporate Highlights:

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

2026 Outlook: Exploration Plans, Catalysts, and Strategic Priorities

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

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

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

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

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

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

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

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

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

FORWARD-LOOKING STATEMENTS:

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

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

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

Categories
Base Metals Energy Exclusive Interviews Junior Mining Precious Metals

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

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

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

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

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

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

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

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

About Apollo Silver Corp.

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

Please visit www.apollosilver.com for further information.

ON BEHALF OF THE BOARD OF DIRECTORS

Ross McElroy
President and CEO

For further information, please contact:

Email: info@apollosilver.com

Telephone: +1 (604) 428-6128

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

Cautionary Statement Regarding “Forward-Looking” Information

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

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

Categories
Base Metals Energy Junior Mining Precious Metals

Platinum Soars to Record Above $2,300 on Tight Global Supplies

(Bloomberg) — Platinum soared to an all-time high, trading above $2,300 an ounce for the first time on tight supplies and historically elevated borrowing costs.

The metal rose for a 10th straight session — its longest winning streak since 2017 — and has advanced more than 150% this year, the biggest annual gain since Bloomberg began compiling data in 1987. The recent surge has come as the London market shows signs of tightening, with banks parking metal in the US to insure against the risk of tariffs.

Used in the automotive and jewelry sectors, platinum has been caught up in the wave of investment that poured into precious metals this year. Gold and silver have also risen to records.

More than 600,000 ounces of platinum are sitting in US warehouses — an amount much higher than usual — as traders await the outcome of Washington’s Section 232 probe, which could lead to tariffs or trade restrictions on the metal.

Meanwhile, shipments to China have been robust this year, and demand optimism has been bolstered as contracts recently began trading on the Guangzhou Futures Exchange. Prices in Guangzhou have risen well above other international benchmarks.

Platinum is on course for a third annual deficit this year, due to supply disruptions in major producer South Africa. High borrowing costs have also been an issue for manufacturers that use the metal to produce goods ranging from chemicals to glass to laboratory equipment. Industrial users often choose the less capital-intensive option of leasing, rather than buying the commodity outright.

Platinum rose as much as 3.1% to a record $2,361.23 as of 8:19 a.m. in Singapore. Sister metal palladium gained as much as 2.5%.

Categories
Base Metals Energy Junior Mining Precious Metals

West Point Gold Taps Company Making Gold Assay

Bob Moriarty
Archives
Dec 23, 2025

After one of the biggest surges in price for gold, silver and platinum, the DSI still suggests we are a long way from a major top. As of the December 22 close the DSI for gold was 83, 84 for silver and 88 for platinum. At one point during Monday platinum gained over $100 an ounce. I believe that is the biggest one day move in history. As I write on the morning of December 23rd, gold stopped just short of $4500 an ounce, silver actually touched $70 an ounce a few minutes ago and platinum is just short of $2200 an ounce after jumping up as high as $2210. Given that platinum is up nine days in a row, it would be appropriate for the metal to correct.

This has been a dreadful year for getting assays back from the labs. With hundreds of juniors submitting tens of thousands of samples for assay, the labs simply couldn’t keep up. The tide seems to be turning and several companies are releasing barn burning results into what is normally the most boring period in the year.

West Point Gold (WPG-V) contacted me recently and with the blastoff higher in gold, wanted to advertise. On the 17th of December the company announced barn burning results from their flagship Gold Chain Project in western Arizona.

Hole GC25-84 delivered 24.2 meters of 5.92 g/t gold including 12.2 meters of 10.51g/t gold from 120.4 meters deep. Hole GC25-83 showed 16.8 meters of 8.30 g/t gold including 6.1 meters of 17.61 g/t Au from 158 meters depth. So, hole 84 returned 143 gram/meters while hole 83 reported 139 gram/meters. Anything over 100 gram/meters is a home run especially with gold approaching $4500 an ounce.

West Point announced three holes of an ongoing 15,000-meter drill program at the Northeast Tyro portion of the Gold Chain project. These three holes represent 658 meters of drilling with 3,229 meters completed to date. Assays are pending for an additional 1,594 meters of drilling.

The Tyro vein system measures about 3.4 km with mineralization from surface still open to the northeast, southwest and clearly at depth. Within this portion the Tyro Main Zone has defined about one km of continuous mineralization. WPG has defined a conceptional exploration target of between about 1.4 million ounces up to as high as about 3 million ounces of gold. Management was pleased to report that these assay results surpassed their grade expectations.

In addition to the Gold Chain project, WPG controls the Jefferson Canyon JV with Kinross Gold where Kinross can earn up to 80% of the project. The company also owns the  Baxter Spring and Tip Top gold projects also within the Walker Lane deformation belt.

As of mid-December, West Point showed $7.2 million in working cash after raising about $3 million in warrant exercise. Their exploration program is fully funded into 2026.

Expect ongoing assay results into Q1 and Q2 of 2026. A second drill rig will be introduced in January at Gold Chain as WPG continues drilling and exploration at Tyro Main and NE Tyro. The next major milestone will be a maiden 43-101 for Gold Chain.

West Point Gold has advanced in price from $.85 to $1.18 since the release of their latest assays on the 17th for a 39% move higher in a week. With gold continuing to advance I suspect punters will still find WPG an attractive alternative.

West Point Gold is an advertiser therefore of course I am biased. As always, do your own due diligence.

West Point Gold Corp
WPG-V $1.18 (Dec 22, 2025)
WPGCF-OTCQB 108 million shares 
West Point Gold website

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Bob Moriarty
President: 321gold
Archives

321gold Ltd

Categories
Base Metals Junior Mining Precious Metals

Apollo Silver Announces Correction to Warrant Terms of $25 Million Strategic Investment by Eric Sprott and Jupiter Asset Management

VANCOUVER, British Columbia, Dec. 22, 2025 (GLOBE NEWSWIRE) — Apollo Silver Corp. (“Apollo Silver” or the “Company”) (TSX.V:APGO, OTCQB:APGOF, Frankfurt:6ZF0). Further to the Company’s news release disseminated this morning announcing a non-brokered private placement offering of 5,000,000 units (the “Units”) of the Company at a price of $5.00 per Unit, for aggregate gross proceeds of $25,000,000 (the “Offering”), Apollo Silver wishes to clarify that each Unit issued pursuant to the Offering will consist of one common share (a “Share”) in the capital of the Company and one full common Share purchase warrant (a “Warrant”) rather than a one half Warrant as originally announced. Each Warrant entitles the holder thereof to purchase one Share at an exercise price of $7.00 for 24 months from the closing date of the Offering.

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

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

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

About Apollo Silver Corp.

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

Please visit www.apollosilver.com for further information.

ON BEHALF OF THE BOARD OF DIRECTORS

Ross McElroy
President and CEO

For further information, please contact:

Email: info@apollosilver.com

Telephone: +1 (604) 428-6128

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

Cautionary Statement Regarding “Forward-Looking” Information

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

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