Denver, Colorado–(Newsfile Corp. – March 2, 2026) – Elemental Royalty Corporation (TSXV: ELE) (NASDAQ: ELE) (“Elemental” or “the Company“) notes the announcement by Quilla Resources Inc. (“Quilla”) on the successful production of first copper cathode from the Chapi Copper Project (“Chapi”) in southern Peru. Elemental holds a 2.0% Net Smelter Return (“NSR”) royalty on the project.
Highlights
First production of copper cathode at the Chapi Copper Project following Quilla’s acquisition in December 2024
Ramp-up underway toward plant nameplate capacity of approximately 10,000 tonnes per annum of copper cathode
Elemental expects first royalty payment from Chapi in Q1 2026
Chief Executive Officer and Director of Elemental Royalty, David M. Cole, commented: “Quilla has made phenomenal progress at Chapi with first copper cathode produced, and ramp-up underway toward nameplate capacity. This rapid progression through key de-risking milestones underscores the project’s meaningful value and significant upside potential.”
Details Quilla has announced first production of copper cathode at Chapi following the acquisition of the brownfield asset in December 2024. Quilla undertook a comprehensive technical review, engineering evaluation, and operational planning before commencing refurbishment at the mine and solvent extraction and electrowinning (SX-EW) plant facilities. The restart was achieved within the originally stated schedule and budget, reflecting management’s strong execution, operational discipline, and reaffirming Elemental’s confidence in Quilla, and in-country subsidiary Minera Pampa de Cobre S.A.C., as operators.
Following the successful commissioning of the SX-EW the plant, Quilla have stated their intention to progressively increase operating rates toward an initial 10,000 tonnes of copper cathodes per year, while completing remaining capital projects and site optimization initiatives to support stable, long-term operations.
Elemental Royalty on Chapi Acquired in January 2025, the royalty comprises a 2% NSR on minerals produced from the approximately 26,000-hectare property, as well as a 2% NSR royalty on any minerals produced from properties acquired by Quilla within a two-kilometer area of interest (“AOI”). In addition, the agreement includes an additional 2% NSR royalty from any minerals that are produced from outside the Property Royalty area, but that are processed at the Chapi Solvent Extraction Electro-Winning (“SX-EW”) plant.
Background on the Chapi Mine The Chapi Mine is located in southern Peru’s Moquegua and Arequipa Departments at an elevation of approximately 2,750 meters, and has ready access approximately 50 kilometers south-southeast from the city of Arequipa. Historical, small-scale copper production, which is poorly documented, occurred intermittently from the 1930s through the early 1980s. Subsequently, between 2006 and 2012 the Chapi Mine produced approximately 5,000 to 8,500 tonnes per annum, initially of copper sulphates from open-pit and underground mining and heap leaching, and later copper cathodes from open-pit mining, heap leaching, and SX-EW (solvent extraction-electrowinning) processing. The grades mined during 2006-2012 were reported as 0.59% – 1.04% copper. The operations were halted in 2012 due to declining copper prices and operational challenges that were mainly related to insufficient ore control on materials delivered to the leach pads.
The historical Chapi Mine is comprised of two principal open pits, underground workings, a crushing and agglomeration circuit, heap leach pads, a solvent extraction plant, an electrowinning copper cathode plant, and related infrastructure including mine camp, office facilities, water supply, and power. Since 2012, Chapi has been under care and maintenance with the principal permits for mining operations remaining in place under a temporary suspension.
For further information contact: David M. Cole CEO and Director
About Elemental Royalty Corporation. Elemental Royalty is a new mid-tier, gold-focused streaming and royalty company with a globally diversified portfolio of 18 producing assets and more than 200 royalties, anchored by cornerstone assets and operated by world-class mining partners. Formed through the merger of Elemental Altus and EMX, the Company combines Elemental Altus’s track record of accretive royalty acquisitions with EMX’s strengths in royalty generation and disciplined growth. This complementary strategy delivers both immediate cash flow and long-term value creation, supported by a best-in-class asset base, diversified production, and sector-leading management expertise.
Elemental Royalty trades on the TSX Venture Exchange and on NASDAQ under the ticker symbol “ELE”.
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, 2024. 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 TSX-V, its Regulation Service Provider (as that term is defined in the policies of the TSX-V) or the Nasdaq Stock Market LLC accepts responsibility for the adequacy or accuracy of this press release.
Denver, Colorado–(Newsfile Corp. – March 2, 2026) – Elemental Royalty Corporation (TSXV: ELE) (NASDAQ: ELE) (“Elemental” or the “Company“) is pleased to announce the signing of an amendment to the Company’s existing Revolving Credit Facility (the “Facility”), which has now been upsized to US$150 million with a US$50 million Accordion feature (the “Accordion”). National Bank Capital Markets and Canadian Imperial Bank of Commerce (“CIBC”) acted as Co-Lead Arrangers on the transaction, with National Bank Capital Markets also acting as Sole Bookrunner. National Bank of Canada (“NBC”) acted as Administrative Agent. Each of NBC, CIBC and The Bank of Nova Scotia (“Scotia”) acted as Lenders (together “the Lenders”).
Highlights
US$150 million Revolving Credit Facility with NBC, CIBC, and Scotia
US$50 million Accordion feature available, subject to certain conditions
Expanded Credit Facility solidifies Elemental’s strong foundation from which to transact on further accretive royalties and stream opportunities
The Facility matures on February 27, 2029
Stefan Wenger, Chief Financial Officer of Elemental Royalty, commented: “Upsizing our credit facility represents a strong vote of confidence from our banking partners at NBC, CIBC, and Scotia, and reflects the momentum of our business following a transformational year in 2025, which included our merger and our listing on Nasdaq. This expanded capacity enhances Elemental’s strong cash position and financial flexibility and provides additional headroom to support more material future transactions. We’re pleased to have secured the facility on attractive terms, reinforcing our disciplined approach to capital management and our focus on long-term stakeholder value.”
Terms of the Transaction The Company has entered into an agreement with NBC, CIBC, and Scotia for a US$150 million Facility, with an option to increase to a total of US$200 million through an Accordion facility of US$50 million, subject to the satisfaction of certain conditions. This is an amendment to the currently undrawn facility of US$50 million.
The Facility has a term of three years, extendable through mutual agreement between Elemental and the Lenders. Depending on the Company’s leverage ratio, the amounts drawn on the Facility are subject to interest at SOFR plus 2.25%-3.5% per annum and the undrawn portion is subject to a standby fee of 0.50%-0.78% per annum.
The Facility has been entered into by Elemental as borrower, NBC as Administrative Agent, National Bank Capital Markets as Sole Bookrunner and Co-Lead Arranger, CIBC as Co-Lead Arranger and Syndication Agent.
About Elemental Royalty Corporation. Elemental Royalty is a new mid-tier, gold-focused streaming and royalty company with a globally diversified portfolio of 18 producing assets and more than 200 royalties, anchored by cornerstone assets and operated by world-class mining partners. Formed through the merger of Elemental Altus and EMX, the Company combines Elemental Altus’s track record of accretive royalty acquisitions with EMX’s strengths in royalty generation and disciplined growth. This complementary strategy delivers both immediate cash flow and long-term value creation, supported by a best-in-class asset base, diversified production, and sector-leading management expertise.
Elemental Royalty trades on the TSX Venture Exchange and on NASDAQ under the ticker Symbol “ELE”.
Forward-Looking Statements This news release contains certain “forward looking statements” and certain “forward-looking information” as defined under applicable Canadian securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as “may”, “will”, “should”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans” or similar terminology (including negative and grammatical variations thereof).
Forward-looking statements and information include, but are not limited to, statements regarding future royalties and future consideration payments or issuances of shares, or other statements that are not statements of fact. Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies.
Financial outlook contained in this news release includes: the Company’s 2025 cash position of approximately $53 million (as the Company’s audited annual financial statements are not yet completed).
Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of Elemental Royalty to control or predict, that may cause Element’s actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including but not limited to: the impact of general business and economic conditions, the absence of control over the mining operations from which Elemental will receive royalties, risks related to international operations, government relations and environmental regulation, the inherent risks involved in the exploration and development of mineral properties; the uncertainties involved in interpreting exploration data; the potential for delays in exploration or development activities; the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results will not be consistent with Elemental’s expectations; accidents, equipment breakdowns, title matters, labour disputes or other unanticipated difficulties or interruptions in operations; fluctuating metal prices; unanticipated costs and expenses; uncertainties relating to the availability and costs of financing needed in the future; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations; currency fluctuations; regulatory restrictions, including environmental regulatory restrictions; liability, competition, loss of key employees and other related risks and uncertainties. For a discussion of important factors which could cause actual results to differ from forward-looking statements, refer to the annual information form of Elemental for the year ended December 31, 2024. Elemental Royalty undertakes no obligation to update forward-looking statements and information except as required by applicable law. Such forward-looking statements and information represents management’s best judgment based on information currently available. No forward-looking statement or information can be guaranteed, and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.
Neither the TSX-V, its Regulation Service Provider (as that term is defined in the policies of the TSX-V), or the Nasdaq Stock Market LLC accepts responsibility for the adequacy or accuracy of this press release.
Vancouver, British Columbia–(Newsfile Corp. – February 25, 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 (954m), GC25-89, GC25-90, GC26-91 and GC26-93.
Highlights:
These holes have extended the strike length of the high-grade zone at NE Tyro to more than 300m (Figure 2).
Hole GC26-91 returned 21.34m of 13.48 g/t Au from 128.0m to 149.4m, expanding the highest portion of the high-grade zone at NE Tyro to the northeast.
Hole GC25-89 returned 32.0m of 4.48 g/t Au from 152.4m to 184.4m, about 30m south of GC25-48 (41.2m at 4.33 g/t Au) and about 100m below surface vein exposures.
Hole GC26-93 returned 30.5m of 3.09 g/t Au from 132.6 to 163.1m, expanding the high-grade zone at NE Tyro along strike to the northeast.
Hole GC25-90 returned 25.9m of 1.23g/t Au from 256.0m to 281.9m and expands the mineralized zone at NE Tyro along strike to the southwest into an area previously considered to be weakly mineralized.
To date, 9,898m of the ongoing 15,000m drill program at the Gold Chain project have been completed, with assays released for 4,194m of drilling. Results are pending from the Tyro Main Zone, South Tyro, Red Hill Ledge, Black Dyke and Sheep Trail targets, representing 30 holes.
A third drill rig (core) will commence drilling at Gold Chain in early March, focused on increasing our understanding of the high-grade NE Tyro zone and extending the Tyro Main Zone to depth.
“The continuity and consistent high grades at NE Tyro, along with our ability to continue expanding the zone, are positive indicators for the scale potential of this zone. Drilling continues at Gold Chain, as we are well funded to deliver on our dual exploration goals for 2026, of delivering a maiden resource for the Tyro Main Zone and making a discovery at one of the multiple step-out targets we are testing,” stated Derek Macpherson, President and CEO.
Table 1: Drill Results
Holes
From (m)
To (m)
Width (m)
Grade (g/t Au)
GC25-89
152.4
184.4
32.0
4.48
GC25-90
256.0
281.9
25.9
1.23
GC26-91
128.0
149.4
21.3
13.48
GC26-93
132.6
163.1
30.5
3.09
Note: All widths shown are downhole; true widths are approximately 50-75% of downhole widths.
Figure 1: Plan view of the Main Tyro vein showing geology and drilling conducted in 2021, 2023, 2024, 2025, and 2026. Note the location of Hole Nos. GC25-89, GC25-90, GC26-91, and GC26-93.
Figure 2: Longitudinal perspective of the Tyro Main and NE Zones Showing Core and RC Drilling to Date. Holes GC25-89, GC25-90, GC26-91, and GC26-93 are highlighted and described below.
Summary Holes GC25-89, GC25-90, GC26-91, and GC26-93 continue to expand and provide improved definition of the high-grade gold mineralization in the NE Tyro zone at the Company’s Gold Chain project in Arizona. The four holes comprising this release represent 954.1m of the 9,898m drilled to date in the current 15,000m program.
The hole descriptions below briefly highlight the most recently completed holes across the NE Tyro vein, including the last two holes of the 2025 campaign and the first two holes of 2026. The high-grade Northeast Tyro zone is anchored by a higher-grade core. The entire zone remains open to depth and to the northeast along strike.
West Point Gold will commence core drilling of both the Northeast and Main Tyro zones in early March. With the anticipated receipt of the Plan of Operations (POO) in early March, drilling will continue to track the vein to the northeast toward the Frisco Graben and to depth. Results to date (Figure 2) reveal that high-grade gold mineralization extends below 200m (below surface) and over a strike length in excess of 300m. Receipt of the POO will permit drilling both core and RC holes outside the controlled patented claims, allowing deeper tests and further exploration to the northeast and toward the Frisco Graben target area.
Holes GC25-89 and GC25-90 Hole GC25-89 was designed to provide additional definition of the emerging high-grade zone at its southern end. The hole traversed the vein breccia/stockwork zone at 152.4m to 184.4m (32.0m) containing 4.48 g/t Au. This intersection is about 25m south of hole GC25-48, which contains 41.2m of 4.33 g/t Au, revealing good grade correlation between the two holes. Figure 3 suggests a true width of about 20m for the mineralized zone and a dip of about 74 degrees to the southeast. The intercept’s midpoint is about 100m below the surface.
Hole GC25-90 was designed to explore a portion of the vein system that hosts lower grades over broader intervals. GC25-60 encountered 33m (true width) of 1.29 g/t Au in a quartz-calcite stockwork zone, to connect the gold mineralization to the Main Tyro Zone (Figure 2). Hole GC25-90 (this PR) crossed the mineralized zone about 75m down-dip from GC25-60 and traversed 25.9m (apparent width) of 1.23 g/t Au (Figure 2). Additional drilling is warranted in this area but must be conducted at greater depths and collared outside of the patented claims.
Figure 3: Geologic section drawn along GC25-89 showing vein and spatial relation to GC25-48, GC24-34 and the surface.
Holes GC26-91 and GC26-93 Hole GC26-91 was drilled from the northeast corner of the Tyro patent and oriented perpendicular to the NE-trending Tyro structure. The goal was to traverse the high-grade zone at a higher elevation than hole GC25-88 (44.2m of 5.46 g/t Au) but beneath hole GC25-46, which encountered a broad zone of quartz-chlorite alteration with only minor quartz veinlets and negligible gold values. Hole GC26-91 traversed a distinct quartz-adularia vein and vein breccia from 128.0m to 149.4m (21.3m) containing 13.48 g/t Au with an estimated true width of 11.5m (Figure 4). Geologic interpretation, provided in Figure 4, indicates that the vein dips about 70 degrees. Hole GC25-88 crossed the vein about 30m down-dip.
Hole GC25-93 was drilled to the north from the same site as -91 to test the northeast extent of the high-grade zone. The hole encountered the vein at 132.6m to 163.1m (30.5m), which contained 3.09 g/t Au at about 120m below the surface. This intercept supports West Point Gold’s belief that the NE Tyro high-grade zone projects toward the Frisco Graben target area and plunges to depth beneath a broad alluvium-filled wash. This area will be the initial target for the deep drilling program to commence upon the receipt of the Plan of Operations.
Figure 4: Cross Sectional View of Hole GC26-91 between Holes GC25-46 and -88.
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
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.
With one major exception, the data shows that one country will dominate future refining shares. China.
China to Dominate the Future of Critical Mineral Refining
By 2030, China will play a dominant role in lithium, rare earth elements (REEs), cobalt, and graphite, controlling nearly 60% of all critical mineral refining. Such concentrated processing capacity offers efficiencies that may lower costs but heightens geopolitical risk for downstream buyers.
It also leaves limited room for late-moving countries looking to gain share without major capital commitments.
Country
🟫 Nickel
🔌 Copper
🔋 Lithium
🧲 REE
⚗️ Cobalt
✏️ Graphite (Synthetic)
🪨 Graphite (Natural)
China
6.24%
44.63%
60.86%
86.11%
71.42%
85.16%
70.50%
Indonesia
71.24%
—
—
—
—
—
6.30%
Russia
3.26%
—
—
—
—
—
—
DRC
—
7.96%
—
—
—
—
—
India
—
6.41%
—
—
—
3.06%
—
Chile
—
—
11.59%
—
—
—
—
Argentina
—
—
11.58%
—
—
—
—
United States
—
—
—
5.14%
—
2.79%
7.22%
Malaysia
—
—
—
2.27%
—
—
—
Finland
—
—
—
—
5.87%
—
0.69%
Canada
—
—
—
—
5.73%
—
4.47%
South Korea
—
—
—
—
—
—
3.56%
Australia
—
—
—
—
—
—
2.01%
Sweden
—
—
—
—
—
—
1.84%
Morocco
—
—
—
—
—
—
1.15%
Saudi Arabia
—
—
—
—
—
—
0.94%
Uganda
—
—
—
—
—
—
0.72%
Tanzania
—
—
—
—
—
—
0.58%
🌍 Other
19.27%
40.99%
15.98%
6.49%
16.97%
8.98%
—
Nickel’s Outlier: Indonesia Leads, China Trails
Nickel is the one mineral where China is not on top. Indonesia will command over 71.24% of refined nickel by leveraging its large ore reserves, expanding low-cost refineries, and enforcing a ban on raw ore exports.
China’s share is just 6.24%, with Russia at 3.26% and the rest of the world spread across “Other” at 19.27%. This shift positions Indonesia as a price-setting force in nickel used for stainless steel or EV batteries.
Copper Is More Fragmented; North America Plays Niche Roles
Copper refining is relatively diversified. China holds 44.63%, but “Other” countries make up 40.99%, indicating broader global refining capacity.
The U.S. appears notably in rare earths (REEs) at 5.14%, while Finland and Canada register meaningful shares in cobalt at 5.87% and 5.73%, respectively.
These footholds can strengthen regional EV supply chains, but they still pale in comparison to China’s scale.
This press release constitutes a “designated news release” for the purposes of the Sprott Physical Copper Trust’s prospectus supplement dated July 8, 2024 to its base shelf prospectus dated July 3, 2024.
TORONTO, Feb. 17, 2026 (GLOBE NEWSWIRE) — Sprott Asset Management LP (“Sprott Asset Management”), a wholly-owned subsidiary of Sprott Inc. (“Sprott”) (NYSE/TSX: SII), on behalf of the Sprott Physical Copper Trust (TSX: COP.UN) (TSX: COP.U) (the “Trust” or “COP”), a closed-end trust created to invest and hold substantially all of its assets in physical copper metal, today announced that, in connection with the previously announced approval by the United States’ Securities and Exchange Commission (the “SEC”) of a Rule 19b-4 application filed by the NYSE Arca to list and trade COP’s trust units (the “Units”) on NYSE Arca, amendments have been made to the Trust’s trust agreement (the “Trust Agreement”).
The amendments to the Trust Agreement (i) provide that, following COP unitholder approval at a meeting of unitholders as required under applicable Canadian securities laws, COP’s current semi-annual redemption feature will become a monthly redemption feature and the current cap on the number of Units that can be redeemed each redemption period (currently capped at 1.5% of the outstanding Units at the end of the applicable notice period) will be removed, and (ii) make certain consequential changes related to the foregoing and the potential listing of the Units on the NYSE Arca. The date of the COP unitholder meeting will be announced in due course, but the Trust’s intention is to closely align the date of the unitholder meeting and the effectiveness of a registration statement to be filed under the U.S. Securities Exchange Act of 1934 in respect of the listing of the Units on the NYSE Arca (the “Registration Statement”).
The summary of the amendments in this press release is qualified in its entirety by the provisions of Amendment No. 1 to the Trust Agreement, a copy of which will be filed under the Trust’s profile on SEDAR+ at www.sedarplus.ca. Additional details regarding the COP unitholder meeting will be provided in meeting materials made available at a later date and will also be filed under the Trust’s profile on SEDAR+ at www.sedarplus.ca.
The listing of the Units on the NYSE Arca remains subject to the filing and effectiveness of the Registration Statement. The Trust cannot provide any assurance that it will be successful in achieving a listing of the Units on the NYSE Arca.
About Sprott Sprott is a global asset manager focused on precious metals and critical materials. At Sprott, we are specialists. We believe our in-depth knowledge, experience and relationships separate us from the generalists. Our investment strategies include Exchange Listed Products, Managed Equities and Private Strategies. Sprott has offices in Toronto, New York, Connecticut and California and Sprott’s common shares are listed on the New York Stock Exchange and the Toronto Stock Exchange under the symbol “SII”. For more information, please visit www.sprott.com. Sprott Asset Management is a wholly-owned subsidiary of Sprott and is the investment manager to the Trust.
About the Trust
Important information about the Trust, including the investment objectives and strategies, applicable management fees, and expenses, is contained in the current annual information form for the Trust and the Trust’s prospectus. Please read these documents carefully before investing. You will usually pay brokerage fees to your dealer if you purchase or sell units of the Trust on a stock exchange. If the units are purchased or sold on a stock exchange, investors may pay more than the current net asset value when buying units or shares of the Trust and may receive less than the current net asset value when selling them. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.
Forward-Looking Statements This press release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable Canadian and U.S. securities laws (collectively, “forward-looking statements”). Forward-looking statements in this press release include, without limitation, statements regarding the listing of the Units on NYSE Arca, the filing and effectiveness of the Registration Statement, and amendments to COP’s redemption feature. With respect to the forward-looking statements contained in this press release, the Trust has made numerous assumptions regarding, among other things: subsequent U.S. listing of the Units, ability to obtain unitholder approval for amendments to COP’s redemption feature, as well as dynamics in the copper market. While the Trust considers these assumptions to be reasonable, these assumptions are inherently subject to significant business, economic, competitive, market and social uncertainties and contingencies. Additionally, there are known and unknown risk factors and uncertainties that could cause the Trust’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements contained in this press release. A discussion of certain risks and uncertainties facing the Trust appears in the Trust’s Annual Information Form for the year ended December 31, 2024, and its prospectus supplement dated July 8, 2024 and related short-form base shelf prospectus dated July 3, 2024, as updated by the Trust’s continuous disclosure filings, which are available at www.sedarplus.ca. All forward-looking statements herein are qualified in their entirety by this cautionary statement, and the Trust disclaims any obligation to revise or update any such forward-looking statements or to publicly announce the result of any revisions to any of the forward-looking statements contained herein to reflect future results, events or developments, except as required by law.
Contact: Glen Williams Senior Managing Partner Investor and Institutional Client Relations Direct: 416-943-4394 gwilliams@sprott.com
Elemental Royalty signaled on Tuesday that investors will be able to receive dividends in the form of Tether’s XAUT, establishing a novel use case for tokenized gold on Wall Street.
The move is aimed at providing investors with direct ownership of physical gold, stemming from investments in gold royalties, the Colorado-based firm said in a press release. In total, investors are expected to receive a 12 cent dividend across several quarterly payments.
The company’s investors can still receive distributions in cash, as is traditional. But Elemental CEO David Cole described the company’s support of Tether’s product as innovative.
“The decision to offer investors a dividend in kind, in the form of Tether Gold, further differentiates Elemental as a forward-thinking, growth-oriented investment,” he said.
Elemental’s stock price fell 7.8% on Tuesday to $19.41, according to Yahoo Finance. The firm makes money by acquiring royalties tied to mining projects. Elemental said its approach avoids risks associated with owning and operating a mine, while maintaining the upside.
Tether’s legacy was built on tokens pegged to the U.S. dollar, but the stablecoin issuer has embraced tokenized gold as the precious metal’s price has surged 66% over the past year. Meanwhile, XAUT’s market capitalization has swelled to $2.5 billion from $714 million.
Earlier this month, the token’s total value peaked at $3.5 billion, according to CoinGecko, as the price of gold rose to new highs.
In January, YouTube rival Rumble said that it had adopted XAUT as a medium of exchange on its platform, allowing users to tip the token to creators alongside Bitcoin and Tether’s flagship stablecoin, USDT. To bolster the token’s use in payments, Tether also introduced the term Scudo, which represents 1/1,000th of a troy ounce of gold and its XAUT token.
Those moves were focused on consumers, but Elemental shows how tokenized gold can be used as a tool in real-world corporate finance, according to Tether CEO Paolo Ardoino.
“This marks a major step forward for the gold industry and shows how tokenized assets can unlock new financial models that were previously out of reach,” he said in a press release, describing previous efforts to integrate the token on Wall Street as difficult.
Earlier this month, Ardoino estimated that the company’s gold holdings stood at 140 tons, nestled within a former nuclear bunker in Switzerland. At the time, that sum was worth an estimated $24 billion. Tether partially backs its $183 billion USDT stablecoin with gold.
At a market capitalization of $2.2 billion, Tether’s XAUT faces competition from PAX Gold. The products debuted within months of each other more than six years ago.
Despite their time in the market, Wintermute is among market makers that have only recently moved to support the token. Last week, the company said that it had begun executing over-the-counter trades in XAUT and PAX Gold on behalf of financial institutions.
The firm that handles billions of dollars in daily trading volume noted that there is robust demand for trading tokenized gold round-the-clock amid de-dollarization pressures. Along those lines, the company forecast that tokenized gold could become a $15 billion market by year-end.
February 17, 2026 – Denver, Colorado: Elemental Royalty Corporation (“Elemental” or “the Company”) (TSX-V: ELE, NASDAQ: ELE) is pleased to announce that its Board of Directors has approved an inaugural dividend policy (the “Dividend Policy”). In accordance with the Policy, Elemental expects to declare an annual cash dividend to its shareholders of US$0.12 per Elemental common share, to be paid in quarterly instalments of US$0.03 per share, with the record date for the inaugural dividend to be paid at the end of the first calendar quarter of 2026, and at the end of each calendar quarter following for subsequent dividends.
The Company is also pleased to announce that it anticipates that qualifying registered shareholders will be able to elect to receive their dividend in the form of Tether Gold XAU₮ tokens, of par value to the dividend price, thereby providing Elemental shareholders with direct ownership of physical gold through their investment in gold royalties.
Highlights
Maiden Dividend Policy approved by the Board of Directors
Expected annual cash dividend of US$0.12 per Elemental share, paid quarterly
Anticipated that qualifying registered shareholders will be able to elect that their cash dividends be invested in Tether Gold’s XAU₮ token
The Dividend to shareholders is supported by Elemental’s strong projected revenue and cash flow growth profile in 2026 and beyond
Further information on how shareholders may elect to receive the dividend or dividend in kind, will be provided in due course
David M. Cole, Chief Executive Officer of Elemental Royalty, commented: “The approval of this dividend policy marks an important milestone in Elemental’s strategic trajectory and reflects our confidence in the strength and momentum of the business; we believe this is the right time to introduce a sustainable, long-term, dividend. The decision to offer investors a dividend in kind, in the form of Tether Gold, further differentiates Elemental as a forward-thinking, growth-oriented investment.”
Stefan Wenger, Chief Financial Officer of Elemental Royalty Corporation, commented: “Our inaugural dividend is underpinned by Elemental’s strong balance sheet and future revenue outlook in the near and longer-term: as of December 31, 2025, we had approximately US$53 million of cash and no debt, providing substantial financial flexibility as we continue to invest in growth. We will continue to maintain a disciplined approach to capital allocation, balancing returning capital to shareholders through a progressive dividend which we intend to maintain, or even increase, without compromising on our strategy of accretive growth through the acquisition and generation of precious metals streams and royalties.”
Juan Sartori, Executive Chairman of Elemental Royalty Corporation, commented: “We believe the initiation of this dividend policy is a world first for a royalty company: we anticipate enabling qualifying shareholders to elect to have their cash dividend invested in the purchase of the Tether XAU₮ token, thereby facilitating for shareholders greater exposure to physical gold through Tether Gold’s stablecoin and retaining real long-term value storage via a practical mechanism for gold-denominated investment returns.”
For almost three decades, Justin Tolman has crafted a career defined by a pioneering spirit and a talent for problem solving. His work has been shaped by a willingness to push into the unknown and be comfortable doing uncomfortable things in pursuit of potential opportunity. The search for buried metals has long driven humanity to explore, settle and ultimately tame some of Earth’s inhospitable places. Tolman’s professional journey reflects that same instinct: a belief that rewards are often found beyond the well-worn path.
Tolman is a third-generation miner who grew up in mining towns. He knew he would be a geologist by his teen years when he realized you could combine a love of the outdoors with the challenge of making discoveries in emerging frontiers. But the path to turning rocks into money is not a straight one.
“Economic geology is a lifelong pursuit focused on the art of turning rocks into value.” —Tolman
Tolman started working in the mining industry after high school, working elbow-deep in grease at a coal mine in Australia before and between pursuing studies at James Cook University. Since then, he has taken on roles at multiple mines and projects, gaining exposure to underground and open-cut operations, greenfield and brownfield exploration,1 learning and applying geochemistry, geophysics and geostatistics. A recurring theme was always trying to look at an enterprise from as many angles as possible. From engineers to metalworkers, Tolman sought collaboration with every team member, building a foundation of practical knowledge and a deep understanding of the mining sector.
Tolman examining artisanal workings underground at the site of a high-grade silver and gold development project in Jalisco, Mexico.
This early foundation laid the groundwork for Tolman’s later career, which increasingly involved corporate development and the valuation of mining properties, blending traditional financial analysis and leveraging his MBA from La Trobe in Australia. Over the years, the push for new challenges led Tolman to relocate himself and his family multiple times across three continents. He has held leadership positions at both multinational mining companies and small entrepreneurial explorers, giving him a broad perspective on the mining industry.
Throughout his education and career, Tolman learned that economic geology is far more than an academic pursuit. It is the art and science of turning (often incomplete) geological data into measurable economic outcomes. At its core, economic geology is about evaluating an ore deposit and determining whether it can generate tangible value. For Tolman, the insight that ultimately drives investment decisions is an analytical framework, derived from rigorous geologic study and bolstered by high-quality fieldwork. That distinction—between understanding geology and applying it to capital allocation—is what separates theory from actionable advantage.
Economic geologists live in two worlds simultaneously as they apply a business or finance lens to a sector that often operates on the edges of civilization. A spirit of exploration is what built the mining industry, and it continues to drive it today. Economic geologists are responsible for identifying resources, conducting economic evaluations and assessing risks. With global demand for materials set to double by 2040,2 the role of economic geologists is likely to grow in importance. This journey from discovery to production begins with assessing not only what lies in the ground but also whether it can be developed responsibly and profitably.
Tolman exploring early-stage, emerging copper discoveries in the Democratic Republic of the Congo.
First on the Scene: Identifying Mining Resources
Most exploration and new mineral discoveries are pioneering activities conducted in remote places worldwide. If a discovery is of sufficient importance, a mine will be developed, with infrastructure around it, providing jobs and resources for a growing community. This is where balance comes into play. Responsible mining companies strive to both unlock natural resources and support areas that are experiencing new growth and development.
“Mineral discoveries contribute more than raw resources. The investment in infrastructure like roads, power, ports and services follows; later, ancillary services can spring up, and over time, new communities take shape, pushing civilization forwards.” — Tolman
Emerging regions present both opportunities and challenges, but when development is approached responsibly, Tolman believes the benefits far outweigh the risks. There are examples of success, particularly this century, of meaningful engagement with First Nations and local stakeholders in resource-rich countries like Canada, Australia and Chile, with well-developed mining industries, setting a high standard. These collaborative models are now being adopted globally, demonstrating how inclusive practices can drive sustainable progress.
Tolman reviewing a zinc-silver-tin discovery being delineated in the Andes in Central Peru with local geologists.
Geologists often serve as the mining industry’s front line, first venturing into new regions to identify and conceptualize potential targets. Their role extends beyond technical expertise and they often serve as ambassadors for what follows: engaging with local communities, tribal leaders and stakeholders to build trust and clarify intentions. Success depends on cultural sensitivity and effective communication; without it, projects can falter before they begin.
“If you minimize your environmental impact, treat stakeholders with respect and operate with quality governance, that’s simply a formula for good business. It is not something we needed a new acronym for.” —Tolman
While mining can bring transformative benefits, such as living wages and career opportunities in areas where employment is scarce, it is important to acknowledge that resources are finite. The goal is to ensure that, by the time extraction ends, sustainable businesses and transferable skills have been established, creating lasting opportunities beyond the mine’s life. Increasingly, the mining industry is focused on fostering these outcomes through local enterprise development and skill-building initiatives.
Turning Raw Geology into Real-World Value
The work at the mine site and in the community is just the beginning. Once a mining resource has been identified, the project’s viability must be continually assessed through modeling and planning. Mine development and production are not quick processes. On average, it takes 15 to 20 years from discovery to production.3
Once data from drilling, mapping and sampling are collected, 3-D models of the mine are created, and resources are classified. This leads to the planning of the mine and the infrastructure surrounding it. Capital expenditures (CAPEX) and operating expenditures (OPEX) are determined, followed by revenue projection, financial modeling and analysis.
Tolman and crew examining core samples from the Platreef platinum-palladium-nickel mine in South Africa just ahead of first production after years of delineation and development.
Pressure Testing Scenarios
Mining projects rarely unfold as planned. Geology varies, geopolitical conditions shift, permitting timelines slip, costs escalate and commodity prices swing. Because of this, economic geologists pressure-test multiple scenarios before committing capital. Their evaluations funnel into “stage-gates” that determine whether a mining project is viable and investable. Even with this research, fewer than 1% of exploration projects reach production.4
Is there a deposit?
At the ground level, an economic geologist needs to confirm whether mineralization exists in meaningful quantity, quality and continuity. This includes extensive analysis, assessments and evaluation of any uncertainties.
Can it be mined?
If the deposit exists, the ability for it to be mined needs to be appraised. Economic geologists and a variety of other professionals work collaboratively to determine which type of mine could be developed (open pit, underground or hybrid), mitigate geotechnical and metallurgical risks, and identify infrastructure requirements.
Can it make money?
For this step, economic geologists work with engineers and analysts to determine the project’s feasibility, including its sensitivity to commodity prices, estimated position on the cost curve, expected margins and potential complexities.
Can it be permitted and sustained?
Even if the project is deemed viable and profitable, it can still face many hurdles. Permitting timelines, environmental constraints, community engagement risks and jurisdictional stability can all affect a mine’s long-term sustainability.
Where Geology Meets Capital and Meaningful Differentiation
While identifying promising deposits is critical, fieldwork alone is not enough when investing in mining equities. Geological insights must be translated into actionable investment intelligence. Tolman is convinced that blending economic geology with mining equity investing provides clear and meaningful differentiation. By grounding investment decisions in first principles geological analysis,5 independent views can be formed regarding a project’s potential rather than relying on company narratives or sell-side interpretations.
This discipline may allow promising discoveries to be identified earlier than peers, often well before they are appreciated by the broader market, creating potential opportunities for more attractive entry points. Equally important, geological expertise helps surface fatal flaws and material risks that may be overlooked by the average market participant, likely enabling downside exposure to be managed. Additionally, economic geologists’ bird’s-eye view of the industry allows them to interpret growing trends that can drive long-term market positioning.
While most financial professionals feel at home in the boardroom, Justin Tolman is equally comfortable with his boots on the ground. His work in the field spans continents, commodities and a variety of economic conditions. Tolman has been deeply involved in every layer of resource exploration, from identifying mineralization to assessing resources and determining whether they can be economically extracted. So, when it comes to investing, he and the investment team at Sprott bridge macro and micro: connecting top-down commodity fundamentals to bottom-up asset-level realities through a perspective shaped by years of hands-on geological and commercial experience.
At Sprott, Tolman applies his expertise as an economic geologist to translate field data into investment insight. He integrates analysis of macroeconomic forces shaping commodity markets with evaluation of individual mining companies to inform portfolio construction and capital allocation. His work focuses on identifying and supporting new mine development opportunities, with the aim of generating value for clients while contributing to the growth of local economies and communities.
“I have spent my career moving across the world, working in mines, doing exploration, valuing projects and helping make discoveries in multiple continents. I’ve stopped counting, but I have lived, worked and undertaken project reviews in more than 40 countries. This ‘renaissance geologist’ experience has given me deep insight into what it takes to succeed in this industry. This is a valuable tool when evaluating potential mining and metals investments, helping to efficiently and effectively evaluate new companies, teams and projects.” —Tolman
Tolman in the Cote d’Ivoire holding a freshly poured gold bar from a new gold mine.
About Justin Tolman, BSc (Hons), MBA
Managing Partner, Sprott Inc. & Senior Portfolio Manager and Economic Geologist, Sprott Asset Management USA, Inc.
Justin Tolman joined Sprott in 2018 as an economic geologist. He specializes in project and company evaluations. Tolman is a Portfolio Manager for Sprott Gold Equity Fund, Senior Portfolio Manager, Economic Geologist, of Sprott Concentrated M&A Strategy, and Portfolio Manager of Sprott Active Gold & Silver Miners ETF (GBUG) and Sprott Active Metals & Miners ETF (METL). For the two decades prior to joining Sprott, Tolman held a series of increasingly senior roles with global mining and exploration companies, including Newmont, New Gold, Exeter Resources and MIM Holdings, managing programs and leading discovery teams across the globe. Mr. Tolman holds a BSc with 1st Class Honors in Economic Geology from James Cook University (Queensland) and an MBA from La Trobe University (Victoria). He is a fellow of the Society of Economic Geologists and the Australian Institute of Geoscientists, and a registered Professional Geologist with the Association of Professional Geoscientists of Ontario (APGO).
Vancouver, British Columbia–(Newsfile Corp. – January 22, 2026) – Questcorp Mining Inc. (CSE: QQQ) (OTCQB: QQCMF) (FSE: D910) (the “Company” or “Questcorp”) along with its partner Riverside Resources Inc. (TSXV: RRI) (OTCQB: RVSDF) (FSE: 5YY0) (“Riverside”), is pleased to report a high grade interval of 20.2 g/t gold and 226 g/t silver with 2.7% zinc over a 30 m long continuous chip channel sample along the decline wall at the Union Mine area, completed during the 2025 Phase I exploration and drill program at the La Union Project in Sonora, Mexico. The Company is also releasing the remaining results from the drill program following up on the 2026-Jan-12 News Release of initial results.
Final Highlights of the Phase 1 Drill and Exploration Program
Chip channel sampling oblique to strike along the decline wall at the Union Mine returned 30 m @ 20 g/t gold and 226 g/t silver (600 gram-metres gold and 6780 gram-metres silver) suggesting significant mineralization remains in place.
Drilling at the Union Mine, Union Norte, and El Cobre target areas hit Carbonate Replacement Deposit (CRD) style of mineralization with favorable indications, including anomalous levels of zinc, silver, gold, and lead, consistent with previous mining and positive for the program.
This compliments the comparable results from Famosa and Famosa EM target reported earlier.
Indications of possible Carlin-like sediment-hosted gold indicators in the upper parts of the Union Mine drilling, indicate a potential disseminated gold target on the property, complimenting the Luis Hill target where the one drill hole intersected a sediment-hosted gold target with 42 m at 0.3 g/t gold in black shales and carbonate strata similar to Carlin Nevada style.
“We are extremely pleased with the success of our initial Phase I drilling and chip channel sampling at La Union. The drilling and exploration continue to support the CRD model envisaged by John-Mark Staude and his team at Riverside. The unexpected Luis Hill discovery of “Carlin” type gold mineralization further enhances the productivity of the La Union project. We see flashing green to continue forward with our exploration journey,” said Saf Dhillon, President & CEO of Questcorp.
“Riverside is excited by the high grade of 600 gram-metres gold and 6,780 gram-metres silver represented by the 30 metres of continuous chip channel sampling from the Union Mine area,” said John-Mark Staude, President and CEO of Riverside Resources. “These results, together with the completed Phase 1 drill assays from Union Mine, Union Norte and El Cobre, reinforce that drilling is intersecting the types of CRD-style alteration and multi-element signatures we were targeting, including anomalous zinc, silver, gold and lead consistent with the historic mining district and also finding sediment-hosted gold (“SHGD”) indicators is a key development in progressing the Union Project and supports the technical rationale for aggressive follow-up work in 2026.”
Chip Channel Sampling, Union Mine Area
Chip channel sampling along the decline wall at the Union Mine returned high grade gold and supports follow-up exploration, with the potential to drill from the upper most mine workings or from surface to expand upon the 30 m at 20 g/t gold and 226 g/t silver zone. Table 1 discloses the full assay results of the gossan oxides with high grade zinc as is typical of CRDs in the region. The type deposit in the region is Hermosa’s South32 Taylor Deposit in southernmost Arizona near the Sonora border immediately north of the Union Project hosting probable reserves of 65Mt 4.35% zinc, 4.90% lead and 82 g/t silver and measured and indicated resources of 124Mt 3.66% zinc, 4.02% lead and 73 g/t silver. Hermosa South32 is currently investing $2.6 billion to develop the Hermosa Project. Sources: South32 2025 Annual Report; https://south32hermosa.com/wp-content/uploads/2025/05/S32_Hermosa-Project-Overview-EN_050125-Web-1.pdf.
Table 1. Chip Channel Sample Results from Union Mine Decline
30 meter continuous chip channel sampling interval Union Mine Adit
SampleID
SampleType
Width_m
RockType
Au_ppm
Ag_ppm
Zn_%
As_ppm
Cu_ppm
Pb_ppm
RRI 13959
Chip Channel
3
Gossan oxides of CRD Dolomite
0.161
33
3.21
358
392
467
RRI 13961
Chip Channel
3
Gossan oxides of CRD Dolomite
0.048
5
3.53
619
1160
171
RRI 13962
Chip Channel
3
Gossan oxides of CRD Dolomite
11.57
55
2.8
3420
1080
2840
RRI 13963
Chip Channel
3
Gossan oxides of CRD Dolomite
6
1083
2.31
>5000
1030
759
RRI 13964
Chip Channel
3
Gossan oxides of CRD Dolomite
12.75
610
4.06
>5000
2160
722
RRI 13965
Chip Channel
3
Gossan oxides of CRD Dolomite
0.159
107
2.25
>5000
1630
1190
RRI 13966
Chip Channel
3
Gossan oxides of CRD Dolomite
1.115
197
4.35
>5000
426
1020
RRI 13967
Chip Channel
3
Gossan oxides of CRD Dolomite
0.282
50
0.7
>5000
61
242
RRI 13968
Chip Channel
3
Gossan oxides of CRD Dolomite
14.73
66
3.11
>5000
2040
2650
RRI 13969
Chip Channel
3
Gossan oxides of CRD Dolomite
155.41
54
0.4
4330
214
2660
Total Amounts
30
Total Grams over 30 m =
202
2257
26720
Interval
30 m @ 20.2g Au, 226 g Ag, 2.7% Zn
Table 1: Full 30m channel sampling results with the interval. For reference, using a 24 m continuous subset of the channel interval, the average weighted grade is 25 g/t gold and 290 g/t silver. The sampling is oblique to strike.
The Union Mine cross section (Figure 1) shows holes 1 and 8 along with the gold-rich channel sampling results, providing context for the 30 m gold-silver-zinc interval relative to some of the known ore bodies. Areas for follow-up and expansion at Union Mine area are clearly indicated to the right (southeast) in Figure 1 as the 2025 drilling has helped define the stratigraphy and highlighted areas of SHGD styles of mineralization similar to eastern Nevada. The bottom of hole 8 hit strong indications of CRD mineralization prior to intersecting the mine workings, as well as manto horizons along the drill hole with 15.85m @ 214 ppm Zn in dolomitized limestone. Drill hole 7, drilled north of holes 1 and 8 and the cross section hit 14m @ 0.1% Zn in the Union Mine area as well.
Figure 1: Cross section through the Union Mine area showing Phase 1 drill holes (including holes 1 and 8), interpreted mine workings/ore zones, and the location of the continuous channel sample along the Union Mine decline wall. The section illustrates the spatial relationship between the high-grade Au-Ag-Zn channel interval and nearby drill intercepts and provides geological context for potential follow-up targeting for both CRD and SHGD.
The second Union Mine cross section (Figure 2) shows the channel sampling along with the location of historic mining, highlighting areas with remaining CRD potential.
Figure 2: Cross section of the Union underground sampling and some of the orebodies previously mined that could have remaining potential as CRD targets for next round of follow up.
The location of all 12 drill holes from the 2025 Phase I programs are shown in the drill plan (Figure 3), with the channel sampling area and the Union Mine, Union Norte and El Cobre target areas highlighted.
Figure 3: Union project drill hole locations for 1600m with 12 total holes in Phase 1 program with Questcorp and Riverside working together during 2025 exploration program.
While the results from the Famosa Targets and Luis Hill were disclosed in the 2026-Jan-12 News Release, Table 2 discloses the full results from the 2025 program, with the previously drilled holes highlighted in yellow. Hole 3 is not shown as it is aborted early due to poor drilling conditions, it was redrilled as hole 6 to test and hit mineralization in the target area initially planned for hole 3. Further drilling at Union Norte can be pursued and is recommended for both CRD and SDHG targets.
Target
Hole ID
From
To
Width
g/t Au
g/t Ag
ppm Pb
ppm Zn
Union Mine
UND25-001
64.8
65.6
0.8
227
UND25-001
68.75
77.8
9.05
116
UND25-001
133.05
134.2
1.15
179
1148
El Cobre
UND25-002
86.5
87.65
1.15
568
743
UND25-002
148.5
149.95
1.45
749
2262
Famosa Mine
UND25-004
19.1
34
14.9
120
141
UND25-005
35.05
46
10.95
0.066
3.34
102
61
including
39.1
40.95
1.85
0.354
13.40
485
243
Union Norte
UND25-006
47.5
49
1.5
0.382
1.10
130
186
Union Mine
UND25-007
139
141
2
0.084
1.20
398
537
UND25-007
146.85
147.9
1.05
175
UND25-007
152.2
166.2
14
0.018
0.96
70
1004
including
154.75
156.7
1.95
1512
including
161.65
163.15
1.5
2778
UND25-008
66.5
82.35
15.85
223
Luis Hill
UND25-009
64.95
66.95
2
0.299
18.60
53
24
UND25-009
95.8
97.8
2
0.411
26.90
58
43
UND25-009
198.25
241.25
43
0.276
0.71
25
87
including
211.8
217.8
6
0.852
0.69
29
100
including
228.3
232.9
4.6
0.466
0.78
13
63
UND25-009
273.95
275
1.05
0.183
12.20
4680
3490
UND25-009
287.55
289.55
2
0.114
0.60
48
37
Famosa EM
UND25-010
39.5
87.45
47.95
90
Famosa Mine
UND25-010
146.4
148.05
1.65
0.135
0.25
2
17
UND25-011
11.5
23.35
11.85
0.018
13.09
224
157
UND25-012
9.65
25.8
16.15
0.031
3.65
138
124
including
12.9
16.9
4
0.084
6.60
398
287
Table 2: Full 2025 assay interval results from the 2025 Phase I drill program. Note: all intervals are down hole widths as true width is unknown at this time.
Union Mine Target Detail
Union Mine, with CRD in past oxide operations, had three holes drilled this round (UND25-1, 7, 8). Drilling intersected zinc in the right types of alteration for the CRD, with the holes ending in the old underground workings. Follow-up drilling will be completed to better test these precious and base metal zones and particularly the SHGD potential as well.
Luis Hill Target Detail (Previously Announced 2026-Jan-12)
Hole 9 was drilled vertically in the southern part of the Luis Hill target, a large 1,500 m by 500 m magnetic high. Although the hole did not intersect an obvious large magnetic source, it cut several magnetic dioritic dikes, which may be related to a deeper and larger magnetic body, likely an intermediate-composition intrusion. The discovery interval comprises gold hosted in siliceously replaced, jasperoid-like dolomite and silica-flooded black shale, which is comparable to some sediment-hosted gold deposits in Nevada (Carlin Deposits, USGS Prof. Paper 1267, 1985). This represents a new finding for this part of Sonora and is significant for both the property and the region, as it indicates potential for previously unrecognized sediment-hosted gold within one of Mexico’s most prolific gold belts, the Sonora Gold Belt (also referred to as the Megashear Gold Belt in past scientific studies). Folding and Basin and Range block faulting are expected to bring the mineralized formations closer to surface, supporting additional drilling in H1 2026 within the magnetic target area. Riverside and Questcorp believe Luis Hill has the potential to become a major new discovery in Mexico.
The new discovery at Luis Hill identified previously unrecognized Carlin-like, sediment-hosted gold mineralization in black shales and carbonate strata, returning 0.3 g/t gold over 42 m, with results to date indicating sulfides, mineralization styles, and intrusions consistent with a carbonate-hosted metal system. The 42 m interval comprises 23 assay intervals ranging from 0.45 m to 2 m in width, with gold values from 0.005 g/t to 1.31 g/t; fifteen intervals returned greater than 0.1 g/t Au, including three intervals exceeding 0.5 g/t Au. This type of thick continuity is new for this part of Sonora, while further east the Santa Gertrudis mine produced 671K oz of gold and has indicated open pit resources of 19.27Mt @ 0.91 g/t Au for 563K oz gold, inferred open pit resources of 9.82Mt @ 1.36 g/t for 429K oz gold and inferred underground resources of 9.02Mt @ 3.44 g/t gold for 1.004M oz gold in siltstone, shale and carbonate sediment. Sources: Production: https://miningdataonline.com/property/1718/Santa-Gertrudis-Project.aspx, Resources: Agnico Eagle Mines Limited Detailed Mineral Reserve and Mineral Resource Data as of December 31, 2024.
The geochemistry from the gold intercepts associated with shale horizons at Luis Hill are plotted in (Figure 4) and illustrate the relationship between gold and argillite-hosted horizons. This indicates that Luis Hill is not CRD mineralization; instead, it represents an SHGD-style system This indicates that Luis Hill is not CRD mineralization; instead, it represents an SHGD-style system:
Figure 3: Gold with high Al + K + Na, meaning not with the dolomite and limestone for the sediment-hosted gold aspects like Nevada. Carlin geochemistry for the Luis Hill Hole 9.
Table for Phase 1 Drilling Union Project H2, 2025 All Holes, 162 5 m total
Hole _lD
East ing
Northing
Elevat ion
Azimuth
Dip
Total Depth
Target
UND25-001
376043
3347225
358.66
131
-50
198.25
Union Mine
UND25-002
375606
3347813
381.37
65
-50
201.30
El Cobre
UND25-003
376048
3347598
378.34
65
-50
25.90
Union Norte
UND25-004
375137
3344629
360.47
110
-70
129.35
Famosa Mine
UND25-005
375146
3344578
362.35
92
-70
104 .80
Famosa Mine
UND25-006
376099
3347627
389.13
100
-80
118.45
Union Norte
UND25-007
376199
3347156
355.46
280
-80
166.20
Union Mine
UND25-008
376111
3347136
369.34
125
-80
128.10
Union Mine
UND25-009
375261
3347551
400.64
0
-90
292 .80
Luis Hill
UND25-010
374941
3344765
363.95
90
-70
161.60
Famosa EM
UND25-011
375171
3344608
362.45
90
-85
51.00
Famosa Mine
UND25-012
375171
3344608
362.45
90
-90
47.25
Famosa Mine
Table 3: Complete drill collar information. The drill results from the unshaded holes are being released today and include results from the Union Mine, Union Norte and El Cobre. The yellow-colored holes were announced 2026-Jan-12.
Geological Model and Strategy
The H2 2025 Phase I program was designed to test primary areas of historical mining and key magnetic targets. The program followed the geological model of the South32 Taylor deposit in southern Arizona. Drilling intersected gold, zinc, and silver indications consistent with vectors toward a major discovery.
Furthermore, the sediment-hosted gold style found at Luis Hill is comparable to Nevada’s carbonate platform geology, making it an intriguing new development area for the Union Project.
Sampling Procedures and QA/QC
Core was logged, saw-cut, and half-core samples were shipped for analysis. Samples from the first eight holes were delivered to Bureau Veritas (Hermosillo, Sonora) for gold fire assay, with pulps forwarded to Vancouver, Canada for Inductively Coupled Plasma-Mas Spectrometry (“ICP-MS”) following four-acid digestion to determine silver, base metals, and pathfinders. Samples from the final four holes were shipped to ACT Labs Zacatecas, where preparation, gold assay, and multi-element ICP are completed in Mexico. The final 4 holes of the program were shipped to ACT Labs where they were similarly assayed using the same processing methods but with their initial preparation and assaying completed in Zacatecas, Mexico using the same ICP and gold fire assay methods. The change in lab halfway through the program was due to assay turn around issues. Samples were maintained in chain of custody being delivered to the laboratory in sealed bags. Remaining half-cores are retained for reference. Standards were inserted every 20 samples and blanks every 100 samples. The laboratory also duplicated every 20 samples as an additional check on quality control. The QA/QC was analyzed with a check for any variations in the standards beyond 2 standard deviations and the standards passed.
Next Steps
With the interpretation and release of all assays, the Companies will work together on organizing the H1 2026 Phase 2 exploration program, building from the Phase I exploration results. Along with follow-up drilling, Phase 2 will likely include geophysics, geochemistry and mapping.
The encouraging results at Union Mine and at Luis Hill warrant further significant exploration and drilling and will be the primary focus of the next phase of La Union exploration.
The Companies are diligently working toward an expanded drill program for H1 2026, as all permits and access are in good standing. With the new data and targets ready to be further explored, the potential to immediately begin field work portions are in place for early this year.
Qualified Person
The technical content of the new release has been reviewed and approved by R. Tim Henneberry, P. Geo (British Columbia), a director of the company and a qualified person under National Instrument 43-101.
The Union Agreement
Questcorp currently holds an option to earn a 100% interest in the Union Project, on terms previously announced May 6, 2025. Questcorp and Riverside are aligned through Riverside’s equity interest in Questcorp, which is initially 9.9% and may increase to 19.9% upon Questcorp satisfying the complete earn-in, with Riverside also retaining a 2.5% NSR royalty.
About Questcorp Mining Inc.
Questcorp Mining is engaged in the business of the acquisition and exploration of mineral properties in North America, with the objective of locating and developing economic precious and base metals properties of merit. The company holds an option to acquire an undivided 100-per-cent interest in and to mineral claims totaling 1,168.09 hectares comprising the North Island copper property, on Vancouver Island, B.C., subject to a royalty obligation. The company also holds an option to acquire an undivided 100-per-cent interest in and to mineral claims totaling 2,520.2 hectares comprising the La Union project located in Sonora, Mexico, subject to a royalty obligation.
Suite 550, 800 West Pender Street Vancouver, British Columbia V6C 2V6.
Certain statements in this news release are forward-looking statements, which reflect the expectations of management regarding completion of survey work at the North Island Copper project. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. Except as required by the securities disclosure laws and regulations applicable to the Company, the Company undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change.
Vancouver, British Columbia–(Newsfile Corp. – January 21, 2026) – Riverside Resources Inc. (TSXV: RRI) (OTCQB: RVSDF) (FSE: 5YY0) (“Riverside” or the “Company“) is excited to announce that it has used some of the recent capital raise, and more importantly, has doubled the size of the Jacket Property by optioning the Redtop property. The combined project will now be referred to as the “Red Jacket Project.” The decision to acquire the Redtop property followed Riverside’s initial exploration program in the later part of 2025. The Redtop property is contiguous with, and immediately north of Riverside’s Jacket claims.
The Red Jacket is easily accessed via paved highway and then by logging road, approximately 15 km east of Clearwater and 115 km north-northeast of Kamloops in central British Columbia. The project is north of the Taesko Mines’ feasibility-stage Yellowhead Copper Project, which hosts a large Cu-Zn-AG-Au reserve and is considered a potential near-term future mine. The Redtop property hosts at least three main outcropping and previously drilled polymetallic mineral occurrences and is located within a well mineralized prospective belt of volcanogenic massive sulphide (“VMS”) deposits. These occurrences display classic features characteristic of the large Canadian deposits of this deposit type and are similar to Taseko’s copper resource 10km to the south in the same Eagle Formation, Cambrian age geology.
The Company reviewed the historical work and expanded on historical soil sampling and trenching this autumn. This work outlines a 4 km long northwest-southeast trend that includes the Redtop, Snow and Sunrise showings. Riverside completed target sampling in late 2025 to validate mineralization in areas of past trenching and to strengthen confidence in the project’s best-known zones, where 2026 exploration work can be done on the consolidated project. Riverside’s results confirm the presence of meaningful polymetallic grades at surface supporting the view that the Red Top horizon merits systematic follow-up work to evaluate continuity and prioritize the most prospective sections for the next phases of exploration.
“Red Jacket is a compelling project in our British Columbia portfolio, and we have expanded our property footprint by acquiring the Redtop project,” said John-Mark Staude, CEO of Riverside Resources. “Our 2025 sampling returned high-grade polymetallic results from historical trenches, reinforcing that the Redtop–Snow–Sunrise trend warrants drill testing and further expansion, particularly in light of Taseko’s advanced-stage copper development project in the same geology immediately to the south. Red Jacket is positioned in a proven district that has seen significant past exploration and mining activity. We believe we are in a strong position to advance value generating work across the expanded claim package and pursue additional discoveries as we work to discover new mineral resources for the Riverside”.
Red top deal terms:
The Redtop claims are located north of, and contiguous with, Riverside’s Jacket claims. Riverside has signed an option agreement to acquire the claims from a private group called “Geo Exploration Scouts”. The terms of the option agreement are summarized in the table below.
Table 1: Option terms of the Redtop Claims
Completion Date
Cash ($)
Additive Expenditures ($)
On signing of Definitive Agreement
12,000 (paid)
0
At time of receiving approval of drill permit within 4 years (Approval Date)
21,000
50,000
One year after Approval Date
27,000
100,000
Two years after Approval Date
45,000
300,000
Three years after Approval Date
75,000
300,000
Total
$
180,000
$
750,000
In addition to the cash and work expenditures, the Optionor will retain a 0.45% Net Smelter Returns Royalty, which is subject to $1,000,000 buyout. Riverside will have the first right of refusal on any sale or transaction involving the royalty. If an exploration permit cannot be obtained within 4 years of signing the definitive agreement, the project will be returned to optionor. No payments or work commitments will be required until a drill permit is acquired and all necessary agreements are in place to proceed with drilling and related exploration. The option agreement is subject to TSXV approval.
Historical Exploration Work
The historical geochemistry, geology and geophysics, including that on the optioned claims, continues to add value for the Company. This builds on key work completed by companies such as Placer Dome, and precedes the work by Taseko, which now controls the large copper resource, reserve and feasibility-staged property to the south. At Red Jacket, the combined and integrated historical soil sampling surveys confirm the continuity of the known mineralized bands, and can be traced consistently within a defined belt over 4km long northwest-southeast horizon that includes the known MinFile showings: Redtop, Snow and Sunrise (Figure 2). The prospective horizon hosting these showings has received minimal drill testing and the entire length of the horizon is considered a target. Historical work by Placer Dome Inc. shows a zinc-in-soil anomaly enveloping the areas of known mineralization, similar to the Yellowhead deposit in its early exploration history. This linear, southeast trending anomaly is roughly parallel to a potassium enrichment zone shown in the K% and eTH/eK radiometric images (Figure 1). In addition, the north-trending linear magnetic highs noted on the Total Magnetic Intensity image are likely showing mafic dikes and/or structures. Together, the airborne detailed magnetics help in refining targets, and the coincident soil anomalies provide immediate areas of interest with district-scale potential. Linking the historical showings with the consolidated land package positions the Company to advance systematic work aimed at unlocking value for shareholders.
Figure 1: Radiometric Map K% of the Red Jacket project with the red northwest high showing the outcropping and very near surface potassic anomaly associated with the VMS style alteration and multiple mineral showings that have high grade base metals in trenches and dumps but with very limited shallow drilling.
Riverside collected samples before snowfall ended the program, and Riverside can now return early in the spring to continue follow-up work on the Redtop claims, supported by high-grade assay results. The sampling confirmed the historical range of high-grade values in the area of past trenching that are easily accessible by recent logging roads. These areas include zones affected by pine beetle tree kill, which has created extensive new exposures that were not available even a decade ago. Three main showings were sampled during the autumn field work, while the actual Redtop showing already had snow cover and will be a priority target for early 2026 field work.
Table 2: Riverside Grab samples from the Sunrise and Snow trenches.
Sample
Au (ppb)
Ag (ppm)
Pb (%)
Zn (%)
Cu (%)
Showing
472167
866
176
1.11
2.38
0.11
Sunrise
472168
513
86.9
0.63
0.65
0.04
Sunrise
472169
454
128
0.76
23.00
0.04
Sunrise
472170
714
22.1
0.14
24.40
0.03
Sunrise
472171
345
217
2.78
0.65
0.43
Snow
*Grab samples were taken in November of 2025 by Riverside Personnel.Grab samples by their nature are selected samples and the results for these selected samples may not reflect underlying mineralization.
The area of the Sunrise Occurrence contains at least six trenches, showing multiple thin bands of semi-massive to massive sulphide hosted in quartz-sericite schist. Bedding at Sunrise dips shallowly (<10°) to the east, as the showing is located in the nose of the anticline. Four samples were collected and assayed from the Sunrise trenches, with elements from the four samples returning up to 1.1% lead, up to 24% Zn, up to 0.1% Cu, and up to 128 g/t Ag and 0.8 g/t Au (Table 1).
The Snow Showing comprises of a small trench that hosts shallowly north-dipping, rusty quartz-sericite schist. A poorly exposed semi-massive sulphide layer of unknown thickness is present locally with a cherty component. This occurrence also features crosscutting, chalcopyrite-bearing veinlets. One sample was collected and assayed in 2025 that returned: 0.4% Cu, 2.8% Pb, 0.7% Zn, 0.3 g/t Au, and 217 g/t Ag (Table 1).
Figure 2: Bedrock geology and locations of showings sampled by Riverside with high grades of Ag, Zn, Pb, and Cu with the lines from historical Zinc-in-soil sample grid completed by Placer Dome Inc. Riverside integrating data to move toward drill targeting and potentially running ground geophysics.
The property is situated within the pericratonic Kootenay Terrane in the southeastern Cordillera, immediately outboard (west) of ancestral North America. This terrane is composed primarily of lower to mid-Paleozoic sedimentary and volcanic rocks and is correlative with the productive Yukon-Tanana Terrane in Alaska and the Yukon Territory. More specifically, the area is underlain by Lower Cambrian to Mississippian deformed and metamorphosed sedimentary and volcanic rocks of the Eagle Bay Assemblage. The assemblage has been intruded by the Upper Devonian to Permian felsic Raft and Baldy batholiths. Devonian to Permian mafic volcanic and intrusive rocks of the Fennell Formation have been thrust over the western part of the assemblage. Government mapping shows the property to be underlain by the “EBQ” unit of the Eagle Bay Assemblage, possibly of Lower Cambrian age. The Eagle Bay is the assemblage that hosts Taseko Mines’ copper reserves and feasibility-staged property at Yellowhead. Eagle Bay has been a mining target and productive geologic VMS unit and Riverside has targeted this unit and specific horizons for this mineral option acquisition. The mineral occurrences on adjacent or nearby properties within the Eagle Bay Assemblage may not be reflected on the Company controlled properties. Further exploration work will continue during H1 of 2026 on the Company property.
Regional VMS Context
VMS deposits are abundant within the Eagle Bay Assemblage and adjacent rocks:
The Chu Chua Cyprus-type deposit occurs in the nearby Fennell Formation and has an inferred mineral resource of 2.29 Mt @ 2.11% Cu, 0.30% Zn, 9.99 g/t Ag and 0.50 g/t Au.1
Samatosum is a stockwork zone mined by Inmet Mining between 1989 and 1992; the deposit totaled 0.63 Mt grading 1035 g/t Ag, 1.2% Cu, 1.7% Pb, 3.6% Zn and 1.9 g/t Au.2
The Rea deposit contains two massive sulphide lenses with a combined resource of 0.38 Mt @ 0.33% Cu, 2.2% Pb, 2.3% Zn, 6.1 g/t Au and 69.4 g/t Ag.3
The Homestake deposit is largely contained in barite lenses, with estimated resources in 1973 of 1.01 Mt @ 240 g/t Ag, 2.5% Pb, 4.0% Zn, and 0.55% Cu.4
The Harper Creek metamorphosed VMS deposit (817 Mt @ 0.28% Cu, 0.03 g/t Au and 1.3 g/t Ag) is located in the Eagle Bay Assemblage approximately 15 km southeast of the property and known as the Yellowhead.5
The Property has seen intermittent exploration and was examined by two major companies, INCO and Placer Dome Inc. INCO undertook geological mapping, soil sampling, ground magnetometer and limited VLF surveying in 1977; this was their only program on the Property. Placer completed extensive soil geochemistry and lesser EM, magnetics and geological mapping from 1983 to 1989. They drilled four short holes but recommended drilling an additional 13 holes which were never drilled. Other work on the Property over the years has not been systematic. The Property is considered under-explored and ready for progressing work, particularly with the recent logging that has increased the access and exposures.
The Harper Creek deposit, 10 km to the southeast, is part of the Eagle Bay Formation’s metavolcanic and metasedimentary rocks. Geologically, it lies on the western margin of the Omineca Belt within the Kootenay Terrane. The mineralization is found within tabular zones in various phyllites and quartzites, including quartz-sericite, chloritic, carbonaceous phyllite, and sericitic quartzite. Mineralization occurs as disseminations and patches along rock foliations, and within quartz and quartz-carbonate veins. It is associated with minor sphalerite, galena, arsenopyrite, molybdenite, tetrahedrite-tennantite, bornite, and cubanite, with occurrences of magnetite.
The Harper Creek Fault separates the deposit into east and west domains. The west domain’s mineralization is hosted within three horizons of volcanic and volcaniclastic units. Mineral Reserves: According to a January 2020 NI 43-101 Taseko Mines technical report, the proven and probable mineral reserves are estimated at 817 million tonnes at a 0.17% copper cut-off grade. The average grades are: Copper (Cu): 0.28%; Gold (Au): 0.030 g/t; Silver (Ag): 1.3 g/t. The project is planned as a large open-pit mine with a 25-year life and a processing capacity of 90,000 tonnes of ore per day. Further technical specifications are available in the Technical Report on the Mineral Reserve Update at the Yellowhead Copper Project on the Taseko Mines website.
Figure 3: Schematic North – South Cross section of the North Thompson River valley showing the relationship between the Red Jacket (north side) and Harper Creek Deposit (southern side near the Baldy Batholith).
Qualified Person & QA/QC: Sample preparation was completed at ACT Labs located in Kamloops, British Columbia. ACT Labs is ISO/IEC 17025:2017 and ISO 9001:2015 certified laboratory. The “1A2-ICP fire assay” and “1E3 aqua regia” analytical protocols were used on the assay samples. Elements of interest obtained by this method include silver, copper, molybdenum, lead and zinc, amongst others. Aqua regia ICP-OES” refers to a two-step analytical technique used to dissolve solid samples using aqua regia and then analyze the resulting liquid for its elemental composition using Inductively Coupled Plasma Optical Emission Spectroscopy (ICP-OES).
The scientific and technical data contained in this news release pertaining to the Project was reviewed and approved by Freeman Smith, P.Geo, a non-independent qualified person to Riverside Resources who is responsible for ensuring that the information provided in this news release is accurate and who acts as a “qualified person” under National Instrument 43-101 Standards of Disclosure for Mineral Projects.
Capital Markets
Riverside has engaged Horizon Capital Markets Corp. (the “Service Provider“), a Vancouver-based investor relations consulting firm, to provide investor relations services to the Company. The Service Provider and its principal, Eric Negraeff, hold an interest, directly or indirectly, in common shares of the Company and may have an interest in participating in future equity financing or acquiring additional securities through market purchases. The engagement is for a minimum of six months commencing on January 15, 2026, with the Service Provider acting as part-time investor relations provider. The Service Provider will be paid a fee of $3,500 per month. The Service Provider and the Company are unrelated and unaffiliated entities save for the securities holdings of the Service Provider. In connection with the Listing, the engagement of the Service Provider will be subject to the approval of the Exchange.
About Riverside Resources Inc.: Riverside is a well-funded exploration company driven by value generation and discovery. The Company has a solid balance sheet with over $6,000,000 cash, no debt and tight share structure with a strong portfolio of gold-silver and copper assets and royalties in North America. Further information about Riverside is available on the Company’s website at www.rivres.com.
ON BEHALF OF RIVERSIDE RESOURCES INC.
“John-Mark Staude”
Dr. John-Mark Staude, President & CEO
For additional information contact:
John-Mark Staude President, CEO Riverside Resources Inc. info@rivres.com Phone: (778) 327-6671 Fax: (778) 327-6675 Web: www.rivres.com
Eric Negraeff Investor Relations Riverside Resources Inc. Phone: (778) 327-6671 TF: (877) RIV-RES1 Web: www.rivres.com
Certain statements in this press release may be considered forward-looking information. These statements can be identified by the use of forward-looking terminology (e.g., “expect”, “estimates”, “intends”, “anticipates”, “believes”, “plans”). Such information involves known and unknown risks — including the availability of funds, the results of financing and exploration activities, the interpretation of exploration results and other geological data, or unanticipated costs and expenses and other risks identified by Riverside in its public securities filings that may cause actual events to differ materially from current expectations. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
References:
1. https://newport-exploration.com/wp-content/uploads/2022/01/Newport_ChuChua_2021_NI43-101.pdf 2. Samatosum is a past producing polymetallic volcanogenic massive sulphide deposit located approximately 60 km northeast of Kamloops, British Columbia, Canada. Historical production records indicate that approximately 0.63 Mt of ore were mined between 1989 and 1992 grading 1,035 g/t Ag, 1.2% Cu, 1.7% Pb, 3.6% Zn and 1.9 g/t Au (British Columbia MINFILE No. 082M 244). This historical information is provided for background purposes only and the issuer has not independently verified the data. https://minfile.gov.bc.ca/summary.aspx?minfilno=082M++244 3. The Rea deposit resource of approximately 0.38 Mt grading 0.33% Cu, 2.2% Pb, 2.3% Zn, 6.1 g/t Au and 69.4 g/t Ag is considered a historical estimate reported by Sean Bailey, Suzanne Paradis and Stephen Johnston, 2000, Geological Survey of Canada Current Research 2000-A, and has not been verified by the current Qualified Person; it does not conform to current CIM (2014) Definition Standards and is not being treated as a current mineral resource. https://publications.gc.ca/collections/Collection-R/GSC-CGC/M44-2000/M44-2000-A15E.pdf 4. The Homestake deposit hosts a historical estimate of 1.01 million tonnes grading 240 g/t Ag, 2.5% Pb, 4.0% Zn, and 0.55% Cu, as reported by Kamad Silver Co. Ltd. in 1973. The mineralization is described as largely contained in barite lenses within the Eagle Bay Assemblage. The reader is cautioned that this estimate is historical in nature and does not comply with NI 43-101standards. A Qualified Person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves. The issuer is not treating the historical estimate as current mineral resources or mineral reserves. https://minfile.gov.bc.ca/Summary.aspx?minfilno=082M++025 5. NI 43-101 Technical Report can be found on www.sedarplus.ca under Taseko Mines Limited July 10, 2025.
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