VANCOUVER, British Columbia, Nov. 06, 2026 (GLOBE NEWSWIRE) — Riverside Resources Inc. (“Riverside” or the “Company“) (TSX-V: RRI) (OTCQB: RVSDF) (FSE: 5YY0), is pleased to announce that its next phase of drilling at La Union Project, Sonora is fully funded and planned to begin soon. The rainy season has ended, and road work and drill pad construction are underway to prepare for the program. Riverside is the operator, and Questcorp Mining Inc. is the option partner (see news release dated May 6, 2025). The new Phase 2B program is planned to use reverse circulation (“RC”) drilling. RC drilling can advance holes faster than core drilling and collects larger sample volumes. Core drilling so far has not intersected water, so the RC holes can likely be drilled mostly dry, which may improve speed and cost efficiency. The program will mainly target Luis Hill and the Union Mine. Phase 2A core drilling, with results reported on September 9, 2026, intersected gold mineralization at Union and the Union Mine. Phase 2B will build on those results at the Union Mine and will test the sediment-hosted gold mineralization and the IP conductor unit at Luis Hill.
Immediate work on road access, logistics, field sampling and target review is progressing, and Phase 2B is expected to begin in November 2026.
Phase 2B Planned Actions
Approximately 600 m of RC drilling planned in two holes of approximately 300 m each.
Luis Hill: one hole to test the Induced Polarization (“IP”) chargeability anomaly extending over 1 km along strike, which coincides with the sediment-hosted gold mineralization identified in Phase 1 drilling and remains open along strike and at depth.
Union Mine: one hole to follow up on a projected extension of the structure were chip-channel (“channel“) sampling yielded 20.2 g/t Au and 226 g/t Ag with 2.7% Zn in 30 m long continuous from the Union Mine (news release, January 22, 2026).
Change in drilling method: RC drilling is intended to increase penetration rates and improve access to targets at depth and will be evaluated as a more cost-effective method for future drill programs at Union.
Drilling managed by Riverside as operator, with exploration funded by Questcorp under the option agreement.
“The Phase 2A exploration program outlined a large IP target at Luis Hill and continuity of mineralization at Union. Phase 2B plans to test both of these targets with RC drilling. We expect RC drilling to advance more efficiently through the faulted ground encountered during core drilling. If the RC drilling performs as planned, it will give us a more cost-effective way to drill at Union and provide the option to run larger programs in the future,” said John-Mark Staude, President and CEO of Riverside Resources.
Map of La Union Project showing the planned Phase 2B drill holes at Luis Hill (Upper Right) and Union Mine (Lower Right) targets, with 2025 and 2026 drill collars.
Figure 1: Map of La Union Project showing the planned Phase 2B drill holes at Luis Hill (Upper Right) and Union Mine (Lower Right) targets, with 2025 and 2026 drill collars.
Change to RC Drilling
Seven diamond drill holes totaling 530.1 metres were completed during Phase 2A. Significant faulting within the targeted formations slowed core drilling and limited progress and recovery in several holes, and hole UND26-018 at Luis Hill was terminated at 70 m before reaching its planned 150 m target depth. RC drilling is intended to increase penetration rates and improve access to priority targets, while preserving the option to use diamond core where detailed geological information is required. Results from Phase 2B will be used to assess the use of RC drilling in future programs at the project.
Luis Hill Target
Luis Hill hosts sediment-hosted gold mineralization identified in the upper part of the Clemente Formation during Phase 1 drilling (see news release, January 22, 2026). Riverside’s geology team has mapped the stratigraphy and structure northward for over 2 km and identified cross-cutting feeder structures as targets. The IP survey completed in 2026 delineated a chargeability anomaly at Luis Hill extending over 1 km along strike that coincides with the sediment-hosted gold mineralization from Phase 1 and remains open along strike and at depth. Phase 2A hole UND26-018 was drilled above the anomaly but did not reach target depth. The Phase 2B hole is planned to test a geophysical anomaly with a near-vertical, 350 m deep drill hole.
Union Mine Target
Phase 2A hole UND26-013 at the Union Mine intersected the continuity of the historic Sproul manto mine near the past underground mining, with anomalous Pb and Zn values indicating proximity to the replacement body. Similarly, rock chip-channel sampling returned 30 m grading 20.2 g/t Au, 226 g/t Ag and 2.7% Zn along the access wall to the upper part of the Union Mine. The structure is hosted in the Clemente Formation, a major carbonate replacement deposit (“CRD”) host unit, with potential for sediment-hosted gold in the reactive shales above and below the host carbonate. The Phase 2B hole in the Union Mine Target is planned to test the continuity of the structure at an 80 m step-out along strike, supported by the ground magnetic geophysics of the project.
Qualified Person & QA/QC
The scientific and technical data contained in this news release pertaining to the Project was reviewed and approved by Julian Manco, P.Geo., a non-independent qualified person to Riverside Resources Inc., 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.
About Riverside Resources Inc.
Riverside is a well-funded exploration company driven by value generation and discovery. The Company has a solid balance sheet with no debt and fewer than 95M shares outstanding with a strong portfolio of gold-silver and copper assets and royalties in North America. Riverside has extensive experience and knowledge operating in Mexico and Canada and leverages its large database to generate a portfolio of prospective mineral properties. Riverside has properties available for option, with information 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 Corporate Communications Riverside Resources Inc. Eric@rivres.com Phone: (778) 327-6671 TF: (877) RIV-RES1 Web: www.rivres.com
This news release contains “forward-looking information” within the meaning of applicable Canadian securities laws. Forward-looking information can be identified by words such as “expect”, “estimate”, “intend”, “anticipate”, “believe”, “plan”, “could” and similar expressions. Forward-looking information in this news release includes, but is not limited to, statements regarding the mobilization of the drill rig and the timing of Phase 2B drilling; the planned number, location and length of drill holes; the expected performance and cost of reverse circulation drilling compared with core drilling; the potential for larger drill programs in the future; the interpretation of geophysical and drilling data at the Luis Hill and Union Norte targets; and the timing of reporting results.
Forward-looking information is based on assumptions that management considers reasonable, including the availability of drilling contractors, equipment and personnel; weather and ground conditions; continued access to the Project and maintenance of required permits; and continued funding under the option agreement with Questcorp. Forward-looking information involves known and unknown risks and uncertainties, including drilling and operational risks, delays, unexpected ground conditions, the possibility that RC drilling does not achieve the expected penetration rates or cost savings, the interpretation of exploration results and other geological data, the availability of funds, changes in metal prices, and other risks identified in Riverside’s public filings available on SEDAR+ at www.sedarplus.ca. Actual results may differ materially from those expressed or implied. Readers are cautioned not to place undue reliance on forward-looking information, which speaks only as of the date of this news release. Riverside does not undertake to update forward-looking information except as required by applicable securities laws.
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.
ASUNCIÓN, Paraguay (AP) — Paraguay’s central bank seized a major digital lender with close ties to President Santiago Peña on Tuesday, fueling a political crisis and threatening the country’s burgeoning reputation as a regional haven for investors. The takeover left millions of customers’ savings and hundreds of millions of dollars in public funds in limbo.
The central bank’s board voted unanimously late Monday to put Ueno Bank into resolution and hand its management to officials charged with assessing its finances and protecting its assets, the regulator said Tuesday. The move came after Ueno’s solvency ratio, a measure of its capital against its risk-weighted assets, fell below half the legal minimum. Resolution allows regulators to transfer a failing bank’s deposits to other institutions before liquidating its remaining assets.
The bank says it has about 3 million customers, equivalent to roughly 60% of the adult population of the South American country, and manages $800 million to $850 million in public money. That includes about $380 million invested by Paraguay’s state pension and health fund.
Prosecutors ordered the arrest of eight people, including Ueno President Juan Manuel Gustale and chief executive Federico Miguel Vázquez Villasanti, as part of an investigation into suspected breach of trust and other offenses. By Tuesday afternoon, another two bank directors had been taken into custody, prosecutors said.
Peña, who canceled a planned trip to an international summit in Spain late Monday, said that he had asked central bank chief Carlos Carvallo to resign and had agreed with congressional leaders to fast-track legislation expediting payouts to depositors and guaranteeing the return of public money. He vowed to hold whoever was behind the collapse accountable.
Denver, Colorado–(Newsfile Corp. – November 3, 2026) – Elemental Royalty Corporation (NASDAQ: ELE) (TSX: ELE) (“Elemental“) will release its Q3 2026 results after market close on Tuesday, November 10, 2026.
An investor webcast will be held on Wednesday, November 11, 2026, starting at 10:00 a.m. Eastern Time to discuss these results, followed by a question-and-answer session.
To register for the webcast, please follow the link below:
https://app.webinar.net/8jl4N8ZKpGo
A recording of the presentation will be available on the Elemental website following the presentation.
NASDAQ: ELE | TSX: ELE | ISIN: CA28620K1066 | CUSIP: 28620K
About Elemental Royalty Corporation. Elemental is a mid-tier, gold-focused streaming and royalty company with a globally diversified portfolio of approximately 20 producing assets and more than 260 royalties, anchored by cornerstone assets and operated by world-class mining partners. The Company’s disciplined capital allocation and investment strategy combines immediate cash flow with significant embedded growth, providing a differentiated pathway to long-term value creation. Elemental benefits from a high-quality and diversified asset base, strong organic growth potential and sector-leading management expertise.
Elemental trades on Nasdaq and on the Toronto Stock Exchange under the ticker Symbol “ELE”.
Cautionary note regarding forward-looking statements and financial outlook This news release contains certain “forward-looking statements” and certain “forward-looking information” as defined under applicable United States and Canadian securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as “may”, “will”, “should”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans” or similar terminology (including negative and grammatical variations thereof).
Forward-looking statements and information include, but are not limited to, statements regarding future royalties and future consideration payments or issuances of shares, or other statements that are not statements of fact. Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies.
Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of Elemental to control or predict, that may cause Elemental’s actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including but not limited to: the impact of general business and economic conditions, the absence of control over the mining operations from which Elemental will receive royalties, risks related to international operations, government relations and environmental regulation, the inherent risks involved in the exploration and development of mineral properties; the uncertainties involved in interpreting exploration data; the potential for delays in exploration or development activities; the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results will not be consistent with Elemental’s expectations; accidents, equipment breakdowns, title matters, labour disputes or other unanticipated difficulties or interruptions in operations; fluctuating metal prices; unanticipated costs and expenses; uncertainties relating to the availability and costs of financing needed in the future; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations; currency fluctuations; regulatory restrictions, including environmental regulatory restrictions; liability, competition, loss of key employees and other related risks and uncertainties. For a discussion of important factors which could cause actual results to differ from forward-looking statements, refer to the annual information form of Elemental for the year ended December 31, 2025. Elemental undertakes no obligation to update forward-looking statements and information except as required by applicable law. Such forward-looking statements and information represent management’s best judgment based on information currently available. No forward-looking statement or information can be guaranteed, and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.
Neither the Nasdaq Stock Market LLC, or the TSX, or its Regulation Service Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this press release.
Junior explorers are often challenged with demonstrating both geological prospectivity and a clear path to discovery.
Over the course of 2026, Grizzly Discoveries (USOTC:GZDIF) (TSXV:GZD) has been steadily advancing several targets within its Greenwood Critical Minerals Project in British Columbia, generating a growing body of exploration data that points to the presence of large-scale mineralizing systems across multiple areas.
This article is disseminated in partnership with Grizzly Discoveries Inc. It is intended to inform investors and should not be taken as a recommendation or financial advice.
Recent drilling, geophysical surveys, trenching and surface sampling programs have significantly expanded the company’s understanding of the Sappho, Motherlode, and Midway targets. While all of these projects remain at the exploration stage, the latest results provide investors with a clearer picture of why Grizzly continues to focus capital and technical resources on the district.
Sappho emerges as a key critical minerals target
Among the most notable developments this year has been the company’s drilling campaign at the Sappho Critical Minerals Target.
When we last featured Grizzly, we covered the company’s work between late April and mid-May 2026, when the team completed seven diamond drill holes totalling 1,485 metres to follow up encouraging historical drilling, surface sampling, magnetic survey data and recently completed induced polarization (IP) work.
According to assay results received from ALS Global, all seven drill holes intersected anomalous polymetallic mineralization containing varying combinations of copper, gold, silver, cobalt, nickel, zinc and platinum group elements. The mineralization is associated with garnet-pyroxene skarn alteration containing pyrite and chalcopyrite, features commonly associated with large hydrothermal systems.
Several intercepts stand out:
Hole 26SPDD002 returned 0.357% copper equivalent (CuEq) over 44.55 metres, including copper, gold, platinum and palladium values.
Hole 26SPDD005 returned 1.0% CuEq over 13.68 metres, including 0.255% copper, 0.057% nickel, 498 ppb gold, 6 g/t silver, 119 ppb platinum and 60 ppb palladium.
What’s important to note here is that management views the drilling results as confirmation that the Main Sappho Skarn area hosts widespread mineralization across a sizeable footprint measuring approximately 250 by 350 metres at surface.
“The excellent new drilling results along with anomalous ground magnetics and now IP has outlined multiple and significant new targets across the Sappho Project,” the company’s President and CEO, Brian “Griz” Testo, explained in a media release. “I am excited to see what the next phase of drilling might show us – Grizzly will continue to refine these targets to the drill-ready stage.”
Sappho geology, rock and soil sampling 2026 with IP lines and planned drillhole locations. (Source: Grizzly Discoveries Inc.)
The larger opportunity may lie nearby
For many investors, the most intriguing aspect of the Sappho story may not be the drill results themselves, but what remains untested.
Recent Phase 1 and 2 IP surveys totalling more than 12 line-kilometres identified a significant chargeability anomaly located approximately 250 to 300 metres southeast of the main skarn zone. The core of the IP chargeability anomaly ranges from 30 mV/V up to 105+ mV/V in intensity. Geologists interpret the anomaly as potentially representing disseminated sulphide mineralization associated with a porphyry-style system.
Porphyry deposits are particularly attractive exploration targets because they can host large tonnages of copper, gold and other critical metals. While a porphyry discovery is far from guaranteed, Grizzly’s geological team believes the strength and scale of the chargeability anomaly justify additional drilling.
The company is currently permitting new drill locations designed specifically to test the anomaly, while additional geological mapping, surface sampling and geophysical work continue.
Further support for the target comes from historical exploration. Surface rock samples collected throughout the broader Sappho area have returned copper grades exceeding 1%, including values as high as 9.06% copper, while several samples yielded anomalous platinum and palladium values reaching multi-gram-per-tonne levels. Grizzly Discoveries’ prospectors were excited to come across an old adit on the Sappho project while conducting exploration work:
Grizzly Discoveries’ prospectors discover old adit (Source: Grizzly Discoveries Inc.)
(Click to play video)
Motherlode displays district-scale potential
While Sappho has attracted considerable attention, the Motherlode Critical Minerals Target continues to emerge as another significant growth opportunity.
Phase 2 IP surveys completed during the spring of 2026 identified at least five discrete chargeability anomalies, with four of these containing core responses ranging from 30 to 52 millivolts per volt. Several anomalies occur near the historical Greyhound, Sunset and Motherlode pits.
Of particular interest is the scale of some of these targets. According to the company, several anomalies currently measure approximately one kilometre by 500 metres and remain open for expansion.
The anomalies also correlate with encouraging geochemical signatures. Numerous rock and soil samples collected around the target areas have returned elevated copper and gold values, including samples grading above 1% copper and others containing up to 20 g/t gold.
The geological setting further supports exploration potential. The Motherlode area sits along the eastern margin of the Toroda Graben, a structurally complex corridor that hosts multiple historical mines and mineral occurrences. The region has experienced repeated intrusive events and hydrothermal activity, conditions that often contribute to the formation of skarn and porphyry systems.
Management has begun permitting drill sites designed to test these newly identified targets, positioning Motherlode as a key focus of upcoming exploration programs.
Building on a significant historical mining legacy
Motherlode also benefits from an extensive mining history.
The project includes 13 Crown Grants covering more than 300 acres near Greenwood, British Columbia. Historical records indicate that the Motherlode Mine produced approximately:
76.98 million pounds of copper
173,319 ounces of gold
688,203 ounces of silver
While historical production does not guarantee future discoveries, it demonstrates that the district is capable of hosting economically significant mineral systems.
More recent exploration by Grizzly has also identified widespread anomalous mineralization. Hundreds of rock samples collected across the project have returned elevated copper, gold and silver values, which support the interpretation that mineralized systems extend well beyond the boundaries of historical workings.
Motherlode and other active exploration areas 2026 (Source: Grizzly Discoveries Inc.)
Midway adds precious metals exposure
A third area attracting increased attention is the Midway Precious Metals and Critical Minerals Target.
Trenching completed in June 2026 returned several high-grade precious metal results, including samples grading up to:
22.8 g/t gold
1,120 g/t silver
Additional trenching produced gold values reaching 2.7 g/t in areas adjacent to historical workings.
Meanwhile, follow-up prospecting near the Sappho chargeability anomaly yielded quartz float samples containing up to 4.73 g/t gold, providing another indication that significant mineralizing fluids operated within the broader district.
The Midway area has already produced impressive historical sampling results. Previous work identified rock samples containing up to 70.8 g/t gold and as much as 2,140 g/t silver, demonstrating the area’s potential for high-grade precious metals mineralization.
Main Midway vein structure and mineralization (Source: Grizzly Discoveries Inc.)
Trenching during June 2026 has extended the known surface extent of the Main Midway vein structure and mineralization (pictured above).
Multiple catalysts ahead
One of the notable aspects of Grizzly’s 2026 exploration strategy is the number of active targets advancing simultaneously.
Ongoing work includes:
Additional surface exploration and prospecting.
Expanded IP, magnetic and electromagnetic surveys.
Drill permitting at Sappho and Motherlode.
Follow-up evaluation of newly discovered sulphide showings and chargeability anomalies.
Investors often look for companies with multiple opportunities for discovery rather than dependence on a single target. Grizzly’s Greenwood Project appears to offer that diversification, with copper, gold, silver, nickel, and platinum group elements represented across several distinct exploration areas.
A strengthened financial position
During July 2026, Grizzly announced the exercise of outstanding warrants resulting in gross proceeds of approximately C$59,167 and the issuance of 1,183,335 common shares. In October 2026, the company closed on a private placement by the issuance of 1,000,000 units, 325,000 FT units and 4,866,668 CMFT units for gross proceeds of $359,875. Following the transaction, the company reported 240,313,037 common shares outstanding.
The private placement and warrant exercise provides an indication of ongoing shareholder participation while adding capital to support exploration activities.
Why investors are taking a closer look
Grizzly Discoveries enters the latter part of 2026 with several exploration programs generating encouraging results across the Greenwood Project. The combination of widespread polymetallic mineralization at Sappho, newly defined chargeability anomalies at Motherlode, and high-grade precious metal results at Midway provides multiple avenues for potential value creation.
The company’s work continues to outline evidence of large hydrothermal systems that may be associated with skarn and porphyry-style mineralization, while upcoming drilling programs will provide the next major test of these geological models. Although exploration success can never be guaranteed and mineral projects carry significant risk, Grizzly has assembled a substantial dataset that continues to support further investigation across its flagship properties.
While exploration outcomes remain uncertain by nature, Grizzly’s systematic approach and expanding technical dataset position it as a company increasingly followed by investors seeking leverage to metals fundamental to both energy transition and monetary protection.
To get a deeper understanding of the company’s assets, exploration strategy, share structure and long-term growth objectives, review Grizzly Discoveries’ corporate presentation before making any investment decision.
Sponsored Article: InvestorsHub.com Inc. dba The Market Link has been compensated SECURITIES: valued at $1,050 by Grizzly Discoveries Inc. (USOTC:GZDIF) for the publication and distribution of this content. This is not independent editorial content. For full compensation disclosure visit investorshub.advfn.com/boards/disclaimer.aspx
First in a planned programme of acquisitions to expand Davion’s revenues, earnings and healthcare operations
DUBLIN, Oct. 29, 2026 (GLOBE NEWSWIRE) — Davion Healthcare Plc (NASDAQ: DAVI) (“Davion” or the “Group”), a developer of non-invasive health monitoring technologies, announces that it has entered into an agreement dated 27 October 2026 to acquire Healthcare Stat Homecare Inc. (“HSH”), a Pennsylvania-incorporated provider of home healthcare services based in Philadelphia.
The total consideration is $13.5 million, comprising $8 million in cash and $5.5 million in Davion shares issued at an agreed value of $13 per share. Completion is expected on or before 31 December 2026, subject to the terms of the acquisition agreement.
HSH is an established, revenue-generating and profitable healthcare services business. For the year ended 31 December 2025, HSH reported gross receipts of approximately $11.6 million and ordinary business income of approximately $1.9 million (unaudited). The acquisition is expected to provide Davion with an established operating business and an additional source of revenue and earnings following completion.
The proposed acquisition represents the first in a planned programme of acquisitions of established, revenue-generating and profitable healthcare businesses over the coming year. This strategy is intended to complement Davion’s existing portfolio of proprietary healthcare technologies, broaden its commercial operations and build a more diversified healthcare group.
HSH provides skilled nursing, home health aide and rehabilitation services to patients in Philadelphia and surrounding areas. Its clinical programmes include wound care, lymphedema management, dementia and diabetes care, telehealth and rehabilitation. Its workforce includes registered nurses, licensed practical nurses, home health aides, physical and occupational therapists and social workers.
HSH provides care to patients of all ages, from children to the elderly, helping individuals remain in their own homes rather than requiring residential or institutional care. According to its website, HSH holds JCAHO accreditation and Medicare and Medicaid certifications, is fully insured and bonded, and accepts major insurance plans.
The acquisition would also extend Davion’s activities beyond the development and commercialisation of healthcare products into the delivery of care in patients’ homes. It could provide opportunities to evaluate the use of Davion’s non-invasive monitoring technologies in home healthcare, including wound monitoring and preventative care. Any integration or deployment plans will be developed following completion.
Glenn Williams, Chief Executive Officer of Davion, commented:
“HSH is an established and profitable business that will bring meaningful revenues and earnings to Davion, while giving us a direct presence in home healthcare and opportunities to introduce our monitoring and diagnostic technologies closer to patients. Importantly, this is the first in a planned programme of acquisitions of revenue-generating, profitable healthcare businesses over the coming year, as we look to build a broader and more diversified Group combining our proprietary technologies with established operating businesses. We look forward to working with HSH’s management to support its existing operations and explore opportunities to integrate our technologies into the delivery of care at home.”
Manilal Mathai, Co-owner and Chief Executive Officer of HSH, added:
“We share Davion’s commitment to improving care for patients outside hospital settings. Joining forces would give us an opportunity to combine HSH’s home healthcare experience with Davion’s technology-led approach, while continuing to focus on the quality and continuity of care we provide to patients and families.”
Mark Komonoski Partner Integrous Communications Toll Free: 877-255-8483 Mobile: 403-470-8384
About Davion Healthcare Plc
Davion Healthcare Plc is a next-generation digital healthcare company developing proprietary, non-invasive health monitoring technologies designed to support the early identification of medical anomalies outside traditional clinical environments.
The Company’s flagship product, BreastCheck, is an FDA-registered at-home breast health screening test designed to identify potential abnormalities through changes in breast temperature. Davion’s broader portfolio includes technologies addressing circulation and foot health, testicular health, skin anomalies, wound monitoring, blood pressure and other areas of preventive healthcare.
Davion’s growth strategy combines the development and commercialisation of its proprietary technologies with complementary acquisitions intended to expand the Group’s product portfolio and commercial, manufacturing and distribution capabilities.
This announcement contains forward-looking statements within the meaning of the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, those identified by words such as “believes,” “will,” “expects,” “anticipates,” “estimates,” “intends,” “plans,” “targets,” “projects” and similar expressions.
The statements in this release are based upon the current beliefs and expectations of the Company’s management and are subject to significant risks and uncertainties. Actual results may differ from those set forth in these forward-looking statements.
Numerous factors could cause or contribute to such differences, including, but not limited to, the results of product evaluations, studies, regulatory reviews and commercial adoption and/or other studies, clinical trials, the challenges inherent in new product development initiatives, the impact of any competitive products, the Company’s ability to license and protect its intellectual property, its ability to raise additional capital in the future, changes in government policy and/or regulation, potential litigation by or against the Company, any governmental review of its products or practices, and other risks discussed from time to time in the Company’s filings with the Securities and Exchange Commission.
The Company undertakes no obligation to update any forward-looking statements, or any information contained in this press release or in other public disclosures, at any time, except as required by applicable law.
The investing public is reminded that only announcements or information about Davion Healthcare Plc disseminated by the Company and bearing its name are considered official.
A mineral royalty is a very small sentence with a very long future. It may promise one percent of a mine’s revenue, perhaps two, in exchange for a claim once sold or capital once supplied. The percentage looks modest. The calendar does not. Years of drilling, engineering, permits and construction can pass before the first payment arrives. David Cole has built his working life around that gap – the suspense between what a geologist sees and what the rest of the world is prepared to finance.
Cole is an economic geologist by training, a founder by temperament and a capital allocator by repetition. He spent 17 years at Newmont Mining, then co-founded the company that became EMX Royalty in 2003. More than two decades later, EMX had grown from a single-asset explorer with a C$3.3 million market capitalization into a portfolio of more than 250 mineral assets across six continents. In November 2025, EMX merged with Elemental Altus. Cole became chief executive of the combined Elemental Royalty Corporation.
The corporate summary is tidy. The method behind it is boots, maps, contracts and long waits. Cole’s memorable description of his early exploration work is “the pointy end of the stick” – the place where uncertainty is still fresh, the field data is incomplete, and a persuasive geological idea can change the value of a patch of ground.
17years at Newmont in technical and management roles
250+mineral assets held by EMX before the merger
6continents across the EMX portfolio
The education of a geological optimist
Cole has traced his interest in geology back to childhood gold panning with his grandfather. The adult version of that curiosity acquired degrees from Fort Lewis College and Colorado State University, where he earned a master’s in geology and studied under economic geologist Tommy Thompson. Then Newmont supplied the roaming postgraduate course.
His assignments crossed Nevada, Southeast Asia, South America, Europe and Central Asia. His work included contributions associated with the Carlin Trend, Yanacocha and Minahasa mines. He later established and managed Newmont’s exploration programs in Turkey while looking for early-stage acquisition targets in Eastern Europe. The point was not travel for its own sake. Each jurisdiction offered another lesson in what makes a discovery valuable – and in how easily that value can be consumed by the cost of proving, permitting and building it.
Cole has said his passion was always “value creation through the discovery process.” Yet he was also fascinated by which parts of mining made money and which merely consumed it. He watched Franco-Nevada’s royalty model grow from mineral interests on Nevada’s Carlin Trend. The arrangement had an appealing asymmetry: exposure to what a mine produced, without employing everybody or paying every bill required to produce it.
“My passion has always been value creation through the discovery process.”David M. Cole
Sell the prospect. Keep the tail.
When Cole helped form Eurasian Minerals in 2003, the company began as an explorer. Its eventual name, EMX Royalty Corporation, made the evolving strategy plain. EMX would acquire promising mineral rights, assemble and improve the geological evidence, and invite a partner to take the project forward. The partner would supply the increasingly serious capital. EMX would receive payments, sometimes shares, and retain a royalty on future production.
The royalty-generation loop
01 / FindAcquire prospective mineral rights
02 / ProveBuild the geological case
03 / PartnerSell or option the project
04 / KeepRetain a production royalty
Cole calls this royalty generation an organic growth strategy. It asks a geological team to be good at more than geology. A prospect has to be credible, but it also has to be marketable. “First and foremost is geological prospectiveness,” he has said. Next comes the probability of selling the asset. Staking ground is easy enough. Turning it into a royalty that another company will spend money to advance is the trick.
The attraction becomes clear when costs rise. Once a project is sold, exploration spending, development studies and construction bills sit on the counterparty’s side of the table. The royalty holder keeps exposure to higher commodity prices and to fresh discoveries on the property. In Cole’s preferred word, it keeps optionality. A mine can deepen, a district can widen, a metal price can climb. The royalty is still there, waiting in the paperwork.
At PDAC 2025, Cole sits at the right of the frame and talks royalties with Devan Murugan. The little globe between them is almost too neat: his portfolio argument has always been geographic.
A cheque with comic timing
Patience is delightful after it pays. Before it pays, patience is an excellent way to discover how shareholders sound when they are annoyed. The Malmyzh copper-gold project supplied Cole with both phases.
EMX identified IG Copper and its project in Russia’s Far East as a strategic investment and put roughly US$13 million into the company over time. In 2018, Russian Copper Company bought Malmyzh for US$200 million. EMX received an initial US$65 million distribution. Then, with the relief of a geologist who had finally become a cashier, Cole observed that the cheque “did not bounce.”
He joked that the deal had done wonders for his personality. For years, impatient investors had challenged the wait. Once the money was in the bank, people approached him to shake hands and announce how good it was to see him. The geology had not suddenly changed. Neither had the strategy. Cash had simply made the old conviction sociable.
“You can imagine facing impatient shareholders for years and then when you finally crystallize a big investment and the money is in the bank, they come up and shake your hand.”David M. Cole, after the Malmyzh sale
Malmyzh was not a royalty-generation template in every detail. It was a strategic investment and a lesson in company building. It still revealed Cole’s taste for situations where technical judgment and patient capital could meet. He also co-founded Standard Uranium. Energy Metals Corporation acquired it, and Uranium One later acquired Energy Metals for US$1.8 billion. The outcomes were different; the recurring instrument was an informed claim on mineral potential.
Four turns of the map
1980s-2003
Newmont – exploration and management work across several continents.
2003
Co-founds Eurasian Minerals, the company later renamed EMX Royalty.
2018
The Malmyzh sale brings EMX an initial US$65 million distribution.
2025
EMX merges with Elemental Altus; Cole becomes CEO of Elemental Royalty.
The portfolio becomes the product
A single mine is vulnerable to nearly everything specific: one ore body, one government, one engineering plan, one operator. Cole’s answer was accumulation across metals, countries and stages of development. EMX mixed generated royalties with acquired royalties and strategic investments. Some assets produced cash. Some were being drilled. Others remained geological possibilities with contracts attached.
That variety turns the portfolio itself into the product. The early-stage interests offer discovery potential. Producing royalties offer current revenue. Copper, gold and other metals do not move in perfect unison. Projects advance on their own calendars. No spreadsheet abolishes mining risk, but many unrelated chances can alter its shape.
Cole also emphasizes people. Technical judgment decides which ground deserves attention. Commercial judgment decides how to transact it. Rick Rule, a long-time natural-resource investor, has publicly credited Cole with hiring, motivating and retaining strong geologists. That skill matters because royalty generation is not passive at the start. Before the percentage can sit quietly, a team has to find the opportunity, organize the data and persuade a counterparty to care.
Preserve the upside
A handoff does not have to be an exit. A retained royalty keeps a contractual connection to future success.
Move the heavy bill
The operator funds the expensive steps while the royalty holder remains exposed to production and discovery.
Make expertise transact
Good technical work becomes more valuable when it improves the structure and terms of a deal.
Fund the waiting
Long-cycle conviction needs a portfolio and balance sheet capable of surviving an indifferent calendar.
A larger vessel for the same idea
The November 2025 merger joined EMX with Elemental Altus and installed Cole as CEO of the combined Elemental Royalty Corporation. The transaction expanded the portfolio, paired EMX’s royalty-generation pipeline with Elemental Altus’s producing and acquired royalties, and brought a US$100 million investment from Tether. In February 2026, Cole joined the leadership team to ring the Nasdaq Opening Bell. The scene was several worlds away from a field geologist studying rock, though the enterprise on display still rested on observations that began there.
The new job changes the scale more than the philosophy. Cole has framed the combined company as a broader platform spanning current and future revenue-generating assets. Greater scale can lower dependence on any single mine and provide more capital for acquisitions. It can also create a management test familiar to every collector of assets: a bigger cabinet is useful only if the contents remain intelligible.
Cole’s career suggests he likes intelligible systems. Look first at the geology. Decide whether somebody will want the project. Arrange the deal so success still matters after control changes hands. Repeat without pretending the calendar is yours to command.
Mining works at heavy scale – trucks, pits, mills, balance sheets – yet Cole’s chosen unit is a percentage point. That is the playful paradox of the royalty business. The physical work grows while the owner of a small contractual slice can remain comparatively light. The rocks do not become less stubborn. The capital burden simply moves.
For founders outside mining, the useful part is not the commodity forecast. It is the structure. What can be handed to a better-funded partner? What piece of future value can be kept? Which expertise earns a durable claim rather than a one-time fee? And can the business survive long enough for one percent to become interesting?
Cole has spent four decades asking versions of those questions, first in the field, then in the boardroom. His answer is written across a map of mineral rights: find carefully, transact deliberately, and allow time to reveal how valuable the tiny sentence on the page may become.
Toronto, Ontario–(Newsfile Corp. – October 28, 2026) – Coyote Copper Mines Inc. (TSXV: CCMM) (“Coyote Copper” or the “Company”) is pleased to provide an exploration update from its Copper Springs Project in Arizona’s Copper Triangle (Figure 1). Since the February and March geophysical programs, the Company has expanded its land position and carried out additional geophysical surveys, surface mapping and sampling to refine drill targets. Proceeds from the accelerated warrant exercise provided funding for the expanded exploration and staking program. Drilling is scheduled to begin around November 16, 2026.
Dan Weir, CEO of Coyote Copper Mines Inc., commented;
“Coyote Copper has signed Confidentiality Agreements (“CA’s”) with 6 major copper mining companies some of which have visited the project multiple times. Other company visits are being planned.”
“After successful geophysics programs in February and March of 2026, the company increased the original USD$200,000 geophysics budget to USD$1,500,000, increased our land position, and added expanded soil geochem and rock sampling programs. This effort was endorsed by the six major copper mining companies with which we have signed CA’s. The project continues to return great results and demonstrates the potential for multiple porphyry copper deposits. The expanded exploration program is ongoing, with efforts focused on prioritizing Phase One drill targets from our 37 permitted drill sites. With such a huge project and so many viable targets being revealed, we expect to be making a huge impact in the area, and for our investors.”
Highlights
● 214 additional claims have been staked, bringing Copper Springs to 1,100 claims covering approximately 22,086 acres (89.4 km²) (Figure 2).
● Rock chip results (Figure 3, Table 2):
○ West Gibson: 19.25% Cu over 0.60 m.
○ Around Gibson: 13.79% Cu over 0.30 m.
○ Maher: 0.54% Cu and 4,841.8 ppm molybdenum (Mo) over 0.50 m.
Assays are pending for 1,056 soil samples, 117 rock samples and 46 channel samples (Table 1). Regional soil sampling is complete across the expanded land position. A further 679 soil samples are planned for infill over the Santa Ana chargeability anomaly and surrounding targets.
● Drone surveying began on October 19 to extend magnetic coverage beyond the February survey area and collect radiometric data across the Project.
● Strong chargeability response near Santa Ana is evident in preliminary induced polarization (IP) results. TMC Geophysics and Zonge Geophysics continue IP and electromagnetic surveys across the Project (Figure 6, Table 3).
● Major Drilling is scheduled to begin drilling around November 16, 2026. Permits cover road construction and 37 drill locations (Figure 9). Phase 1 will test shallow oxide and deeper sulfide targets.
Regional Setting and Exploration Focus
Copper Springs lies near Globe and Miami in Arizona’s Copper Triangle, within the porphyry copper belt that hosts Pinto Valley, Miami and Resolution (Figure 1).
Figure 1. Location of Copper Springs among copper deposits and operations in Arizona’s Copper Triangle.
The Company recently staked 214 additional claims based on geophysical and soil sampling results. The expanded land position now includes 1,100 claims, up from 886, and covers approximately 22,086 acres (89.4 km²). Additional mapping and soil sampling are planned or in progress across the expanded project area.
Figure 2. Existing and newly staked claims at Copper Springs.
Copper assay results are available for 2,729 of the 3,948 rock, channel and soil samples collected during the program (Table 1). Rock and channel sampling characterize exposed mineralization (Figure 3), while soil surveys outline geochemical patterns across a wider area for comparison with mapped geology and geophysical responses.
Table 1. Surface Sampling
Sample type
Collected
Cu assays
Rock
454
337
Channel
399
353
Soil
3,095
2,039
Channel sampling totals 396.39 m across 399 samples. Assays are pending for 1,056 of the collected soil samples.
Grab, dump and selective chip samples may not represent the average grade of the mineralization.
Figure 3. Rock and channel copper assays (%) over spectral IP phase at 800 m elevation.
Rock and channel sampling tests copper-bearing quartz veins, faults and exposed mineralization at West Gibson, area around the Gibson Mine, Santa Ana and MF. Table 2 presents samples returning at least 1% Cu, together with selected molybdenum and channel results.
These results exclude samples reported in the Company’s October 1, 2025 and April 30, 2026 news releases and historical 2016 Teck samples.
Table 2. Significant Surface Sampling Results
Sample
Target
Type
Width (m)
Easting
Northing
Cu (%)
Mo (ppm)
Ag (g/t)
Certificate
2027129
West Gibson
Rock chip
0.60
503463
3688553
19.25
18.50
17.85
SP0158872
2027134
West Gibson
Rock chip
0.80
503433
3688611
10.63
37.40
15.30
CYTE26-001
1844755
West Gibson
Rock chip
0.60
503483
3688696
8.06
21.00
10.07
SP0156942
2027150
West Gibson
Selective grab (dump)
503595
3688978
6.19
36.50
2.90
CYTE26-001
2027151
West Gibson
Rock chip
503563
3689006
4.46
6.70
0.90
CYTE26-001
2027127
West Gibson
Rock chip
0.50
503401
3688576
4.38
14.40
5.34
SP0158872
2027126
West Gibson
Dump grab
503365
3688475
4.32
4.90
4.22
SP0158872
2027124
West Gibson
Rock chip
1.00
503285
3688376
3.84
9.40
1.62
SP0158872
2027145
West Gibson
Selective grab (dump)
503368
3688516
3.79
1.70
4.40
CYTE26-001
2027152
West Gibson
Rock chip
503572
3688923
3.08
6.90
3.30
CYTE26-001
1844757
West Gibson
Rock chip
0.70
503515
3688737
2.84
8.00
1.85
SP0156942
1844756
West Gibson
Rock chip
0.45
503483
3688693
1.90
4.30
9.84
SP0156942
2027142
West Gibson
Rock chip
503437
3688544
1.63
0.90
0.70
CYTE26-001
2010815
West Gibson
Rock chip
1.00
503365
3688504
1.44
2.50
2.50
CYTE26-006
1844758
West Gibson
Rock chip
0.25
503519
3688741
1.19
8.10
1.25
SP0156942
2027133
West Gibson
Rock chip
1.00
503422
3688599
1.18
0.70
7.90
CYTE26-001
2027125
West Gibson
Rock chip
1.50
503282
3688374
1.09
2.00
1.00
SP0158872
1844753
Around Gibson
Rock chip
0.30
504161
3688477
13.79
17.60
28.85
SP0156942
1844752
Around Gibson
Rock chip
0.20
504153
3688474
6.30
10.20
8.87
SP0156942
1844750
Around Gibson
Rock chip
0.60
504155
3688472
5.93
5.80
1.80
SP0156942
2027171
Around Gibson
Rock chip
1.00
504120
3688459
4.83
0.90
0.40
CYTE26-001
2027165
Around Gibson
Selective chip
0.20
503719
3688097
4.07
7.60
10.70
CYTE26-001
1844748
Around Gibson
Selective grab
504698
3687492
3.75
168.40
2.38
SP0156942
1844749
Around Gibson
Rock chip
0.60
504155
3688473
3.66
8.60
5.46
SP0156942
2027164
Around Gibson
Rock chip
1.00
503683
3688323
3.07
9.20
2.10
CYTE26-001
2027172
Around Gibson
Selective chip
1.00
504527
3688429
3.05
4.20
1.10
CYTE26-001
2027153
Around Gibson
Rock chip
1.00
504429
3688531
2.34
2.10
6.00
CYTE26-001
2027154
Around Gibson
Rock chip
0.50
504459
3688544
2.28
0.50
2.00
CYTE26-001
2027155
Around Gibson
Rock chip
0.80
504459
3688544
1.90
0.80
1.20
CYTE26-001
2027156
Around Gibson
Selective chip
0.50
504459
3688544
1.09
0.20
0.30
CYTE26-001
1844751
Around Gibson
Rock chip
1.20
504154
3688473
1.06
2.40
0.60
SP0156942
2010533
West Lobe
Dump grab
507975
3688755
3.23
211.00
0.60
CYTE26-005
2010579
Santa Ana
Rock chip
1.00
509083
3689147
1.88
28.90
1.80
CYTE26-006
2010212
Rock chip
0.50
509433
3689521
1.42
8.40
3.66
SP0158872
2010225
BP 4
Rock chip
0.50
507232
3690652
1.12
9.40
6.50
SP0158872
2010546
Rock chip
508812
3689589
1.03
734.00
11.60
CYTE26-006
2010922
MF BX
Channel
1.00
509229
3689501
0.91
3.30
1.60
CYTE26-005
2010202
Maher
Rock chip
0.50
509105
3690051
0.54
4,841.80
1.44
SP0158872
2010544
Rock chip
508820
3689652
0.43
1,500.00
1.00
CYTE26-006
2010543
Rock chip
508825
3689691
0.19
2,000.00
0.60
CYTE26-006
2010594
Rock chip
508816
3689230
0.17
3,030.00
1.60
CYTE26-006
2010565
Santa Ana
Rock chip
1.50
508950
3689044
0.14
1,850.00
6.00
CYTE26-006
2010536
Rock chip
508731
3689866
0.013
1,480.00
0.10
CYTE26-006
2010556
Black Rock
Rock chip
1.50
505877
3682220
2.78
4.10
19.60
CYTE26-006
2026316
Poly BX
Tailings grab
506670
3684380
1.60
92.00
64.20
SP0155090
2010224
Red Rock QSP
Rock chip
0.50
505008
3683253
1.41
37.80
79.51
SP0158872
2026308
Red Rock QSP
Rock chip
504980
3683226
1.27
4.00
3.20
SP0155090
2026306
Red Rock QSP
Dump grab
504951
3683198
1.18
1.00
0.40
SP0155090
Coordinates are WGS84 UTM Zone 12N. Blank widths indicate that no sample width is reported. Widths are sampled lengths and are not true widths.
Soil Geochemistry
Soil copper anomalies help guide follow-up exploration in the area close to Gibson, West Gibson and Santa Ana exploration areas highlighted in Figure 4. Regional soil sampling has been completed across the remaining areas within the new project boundary at 100 m and 200 m spacing, with 1,056 samples awaiting assays.
Figure 4 shows the previously reported soil copper anomalies in relation to the mapped exploration targets. A further 679 soil samples are planned over the Santa Ana chargeability anomaly and surrounding targets.
Geophysical surveying continues across the Project, including 2D IP work tying Gibson to the Santa Ana area across the IP “Donut” (Figure 5). Preliminary 2D IP results show a strong chargeability response near Santa Ana (Figures 6 to 8).
Figure 5. Planned IP lines and CSEM stations over spectral IP phase at 600 m elevation.
Field mapping has focused on ground-truthing the geophysical signatures. The strongest chargeability response lies west of the main surface copper occurrences (Figure 6), and this south-western high reaches surface at two locations that coincide with copper oxides. The sulfide mineralization exposed at MF Creek and Santa Ana correlates with an intermediate chargeability response. Assays are pending for many of the samples collected over the chargeability high. Mapping and assay results will guide drillhole placement to test whether the exposed mineralization connects with the chargeability response at depth.
Figure 6. Surface copper assays in percent over modeled chargeability at 1,300 m above sea level.
Structural mapping has recorded 3,614 measurements to date: 3,428 veins, 145 faults and 41 other structures. The mapped veins and faults extend across the chargeability response (Figure 7), and they are being used to define the structural controls on mineralization and to target drilling for both shallow and deep targets.
Figure 7. Vein and fault measurements over modeled chargeability at 1,400 m elevation.
Intersecting chargeability sections L1N and L6E show the modeled response beneath the surface geology (Figure 8). The response is strongest on L1N beneath the Santa Ana area and weaker on the intersecting L6E section. The three-dimensional view also shows that much of the copper-sulfide mineralization is associated with intermediate chargeability outside the large south-western high, and this subsurface information is being used to plan drillhole intercepts with geophysical features.
Figure 8. Three-dimensional view of modeled chargeability sections L1N and L6E with surface geology and copper assays.
Permit approvals have been received for 37 Phase 1 drill locations, each capable of accommodating multiple drillholes. Road construction is advancing on schedule to support the November start of drilling. Figure 9 shows the planned access network and construction progress toward the initial drill sites. Major Drilling is scheduled to begin drilling around November 16, 2026.
Figure 9. Phase 1 access routes and permitted drill sites at Copper Springs.
The November 23, 2025 technical report contains no current mineral resource or mineral reserve estimate.
Sampling, Analysis And Quality Control
MineOro collected channel, rock chip and selective grab samples. Channels were cut with a diamond saw to approximately 3 inches depth, and continuous rock chips were collected across marked intervals. Selective grabs were collected from outcrop and mine dumps. Sample types, locations, widths and analytical results are provided in Table 2.
Samples were uniquely numbered, bagged and sealed, with photographed sites and handheld GPS locations recorded in WGS84 UTM Zone 12N. Samples were securely stored before delivery or courier shipment to the analytical laboratories.
Soils were collected from B-C horizons at depths of 6 to 12 inches and sieved to 60 mesh in the field.
Verification included comparing assay data with field records and laboratory reports and reviewing standards, blanks and laboratory repeats. Rock laboratory repeats assess analytical precision. No field or coarse-reject duplicates were available in the reviewed rock dataset to assess sampling and preparation variability. For mapping, results below detection were assigned numerical values, primarily half the detection limit. Results above range without a final overlimit assay were capped at the reporting limit.
Skyline Assayers & Laboratories, Tucson, Arizona, prepared and analyzed rock, channel and soil samples. Skyline holds ISO/IEC 17025 accreditation for the relevant preparation and analytical methods.
Skyline determined total copper by multi-acid digestion with an AAS finish (CuT) and multielement concentrations by near-total multi-acid digestion with ICP-OES/ICP-MS (TE-5). Overrange copper was determined by long iodide titration and overrange molybdenum by single-element assay.
American Assay Laboratories (AAL), Sparks, Nevada, holds ISO/IEC 17025 accreditation. Rock preparation comprised crushing to 70% passing 2 mm, splitting 300 g and pulverizing to 85% passing 75 µm. Analysis used a 0.5 g four-acid plus boric acid digestion with ICP-OES or ICP-OES/ICP-MS (IO-4AB51 or IM-4AB52). Copper above 10,000 ppm was determined by ore-grade ICP-OES (IO-4ABOR).
ALS prepared 437 soil samples in Tucson, Arizona, by screening to minus 180 µm and analyzed them in North Vancouver, British Columbia, using a 0.5 g aqua regia digestion with ICP-MS/ICP-AES (ME-MS41L).
Skyline, AAL and ALS are independent commercial laboratories. MineOro conducts the sampling program for the Company.
MineOro’s field quality-control program includes certified reference materials and blanks at approximately 5% of the rock and channel sample stream, and certified reference materials and field duplicates at approximately 2% of the soil sample stream. Skyline and AAL also analyzed laboratory reference materials, blanks and duplicates with each batch. Some certified reference materials in the AAL soil batches returned low copper recoveries. The soil results were accepted for reconnaissance interpretation.
Qualified Persons
Michael N. Feinstein, PhD, CPG, of MineOro, is the Company’s project Qualified Person and is independent of the Company under NI 43-101. He prepared, reviewed and approved the scientific and technical disclosure in this release and has verified the supporting data. Bay Woods, CPG, prepared or supervised implementation of the maps and figures and monitored QA/QC. Both are Qualified Persons under National Instrument 43-101, Standards of Disclosure for Mineral Projects.
Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statement Regarding Forward-Looking Information
This news release contains statements that constitute “forward-looking information” within the meaning of applicable securities laws, including statements regarding ongoing and proposed exploration activities, completion and interpretation of geophysical surveys, construction of access roads and drill pads, commencement and timing of drilling, and the objectives and potential results of exploration programs.
Forward-looking information is often, but not always, identified by words such as “plans,” “expects,” “is expected,” “scheduled,” “estimates,” “forecasts,” “intends,” “anticipates,” “believes,” “may,” “could,” “would,” “might” or “will.” Forward-looking information is based on management’s current expectations, estimates, assumptions and beliefs and is subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from those expressed or implied. Such risks include risks applicable to mineral exploration companies, including title, permitting, environmental, exploration, contractor availability, financing and commodity-price risks.
There can be no assurance that forward-looking information will prove to be accurate. Readers should not place undue reliance on forward-looking information. Forward-looking information contained herein is made as of the date of this news release and, except as required by applicable law, the Company disclaims any obligation to update or revise such information as a result of new information, future events or otherwise.
This transaction will be accretive to earnings per share for the current Ai² shareholders.
Based on projections provided by Messier 42, it is expected that the Services Agreement will generate approximately $125 million in cash for Ai² in 2027 based on the current sales pipeline
DALLAS, TX / ACCESS Newswire / October 27, 2026 / AIAI Holdings Corporation (NASDAQ:AIAI) (“Ai² ” or the “Company”), an AI-enabled diversified holding company utilizing Transformational AI to enhance portfolio performance, today announced that they are partnering with Messier 42 LLC (“M42”), under common control with Ai², to create a War Tech Consortium (the “Consortium”).
Under the terms of a services agreement (described below), the Consortium will pursue the acquisition of, and strategic partnerships with, defense technology companies to commercialize and distribute products and services in the US and internationally, subject to applicable regulations. Through the combined resources and expertise of Ai² and M42, the Consortium intends to enhance the capabilities, operational efficiency and market potential of its portfolio companies and contractual relationships by integrating Ai²’s proprietary Transformational Artificial Intelligence (“TAI”) across their products, services, and business operations.
The speed at which the portrait of war is changing is at a point that humans have not dealt with in our known history. The Consortium will focus on applying psychometric Ai, a key component of TAI, to the central platform brain which we expect will create an opportunity for the immediate insertion of new weaponry and cyber security bots. Mankind needs an ally from the individual to the sovereign state level. The same is increasingly the case in commercial realm where terrorist threats are more frequent than ever.
This announcement is an expansion of the transaction described in of the press release dated September 18, 2026, describing the capital contribution to be made by M42 to Ai² of a controlling interest in the M42 subsidiary that has a sales representative agreement to enhance and sell anti-drone technology (the “Existing Agreement”). The new collaborative arrangement with M42 will be undertaken pursuant to a services agreement entered into between Ai² and M42 on October 26, 2026 (the “Services Agreement”). Under the Services Agreement, Ai² will provide services to M42 necessary to develop and enhance the Consortium’s business relationships. Ai² and M42 will work together to assemble a portfolio of defense related entities the operations of which are expected be enhanced by the Consortium’s technology to collectively address contemporary and future military threats. In consideration for providing these services, the Company will receive a percentage of the net proceeds generated by the Consortium’s businesses, beginning with the right to receive 50% of the net proceeds generated by the Existing Agreement. The Existing Agreement is the first of what the companies believe will be several similar transactions acquired or developed by the Consortium.
While the transaction does not provide for a controlling interest in the M42 subsidiary as previously announced, it reflects a much broader strategic approach to defense technologies addressing both current and emerging security needs. It also recognizes growing commercial demand for advanced defense and protective technologies to safeguard high value fixed assets, including professional and collegiate sports stadiums, shopping malls and other commercial, municipal and state facilities.
This transaction will be accretive to earnings per share for the existing Ai² shareholders. Based on its projections, M42 anticipates that the Services Agreement will generate approximately $125 million in cash for Ai² in 2027 based on the current sales pipeline.
This transaction represents a deepening of the mutually beneficial relationship between M42 and Ai² and underscores their continuing conviction in Ai²’s long-term strategy, its differentiated position in TAI, and the ability of its Board and management team to execute at scale. The Rochon family which control M42 have been associated with Ai² since its inception, and the Services Agreement between the two entities further align their interests with Ai²’s long-term value creation objectives.
“The management team of Ai² and its Board of Directors have demonstrated already their remarkable capabilities as a team to execute on the company’s vision and strategy. Further, my family and I have a vested interest in their success and in working together to create value that will lead to a safer world,” said Chairman John Rochon.
“We are grateful for the continued confidence that the Rochon Family has in our team. This strategic transaction will fundamentally strengthen the Company by enhancing our cash position allowing us to build on our long-term strategy without dilution to shareholders” said Todd Furniss, Ai²’s Chief Executive Officer.
About AIAI Holdings Corporation
AIAI Holdings Corporation (Ai²) (NASDAQ:AIAI) is an AI-enabled diversified holding company that acquires and grows companies across multiple industries. We expect to drive revenue and earnings growth throughout our portfolio by applying exclusively licensed Transformational AI to enhance operational efficiency and financial performance.
Ai² is building a next-generation model for technology-enabled business operations, which is expected to create sustainable value for shareholders through the strategic integration of artificial intelligence across diverse industries. More information can be found at: www.aiaiholdings.com
This press release contains “forward-looking statements” or “forward-looking information” within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the plans, intentions, beliefs, and current expectations of the Company with respect to future business activities and plans of the Company, including, without limitation, M42’s projections of revenues that it expects to be generated by the business relationships subject to the Services Agreement. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including without limitation statements regarding our expectations, intentions, beliefs, plans, objectives, goals, strategies, future events or performance, and underlying assumptions. Forward-looking statements are often identified by the use of words such as “may,” “will,” “expect,” “believe,” “anticipate,” “intend,” “would,” “could,” “should”, “estimate,” “plan,” “predict,” “project,” “estimate”, or “continue,” or similar expressions, including the negative of these terms or other comparable terminology.
Forward-looking statements are based on the Company’s current expectations regarding its strategy, plans, intentions, performance, or future occurrences or results, the information on which such expectations were based may change. These forward-looking statements rely on a number of assumptions concerning future events, including the third-party revenue projections described herein, and are subject to a number of known and unknown risks, uncertainties, and other factors, many of which are outside of the Company’s control, that could cause actual results, performance, or achievements to materially differ from any future results, performance, or achievements expressed or implied by the forward-looking statements. Such risks, uncertainties and other factors include, but are not limited to our lack of operating history, our ability to attract new investments, our failure to manage growth effectively, our acquisition activities may pose risks that could harm our business, and our licensed AI may not perform up to the expected standards, as well as general business and economic conditions, competitive pressures, regulatory changes, technological developments, and other factors identified in the Company’s most recent filings with the U.S. Securities and Exchange Commission, including our Registration Statement on Form S-1, which are available for review at www.sec.gov. Furthermore, the Company operates in a competitive environment where new and unanticipated risks may arise. Accordingly, investors should not place any reliance on forward-looking statements as a prediction of actual results.
The forward-looking statements in this press release are based on information available to us as of the date hereof, and we disclaim any intention to, and, except as may be required by law, undertake no obligation to, update or revise forward-looking statements to reflect events or circumstances that subsequently occur or of which the Company hereafter become aware. These forward-looking statements should not be relied upon as representing our views as of any date subsequent to the date of this press release.
Investor Relations
Matthew Selinger, Senior Partner Integrous Communications Email: mselinger@integcom.us Phone: 415-572-8152
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Larger of the Company’s two Class 1 attritable platforms takes to the air, joining the Close Quarters Strike platform already in-flight testing.
Long Range Strike platform is designed for greater than 20 km range, ~ 1 kg payload, and fully non-Chinese sourcing of all key electronic and power components, with production scaling targeted for Q2 2027
HAGERSTOWN, MD / ACCESS Newswire / October 27, 2026 / First Breach Inc. (NASDAQ:FBDT) (“First Breach” or the “Company”), an American-made defense technologies company focused on vertically integrated ammunition production and next-generation unmanned aerial systems, today announced the successful initial test flight of its Long Range Strike (“LRS”) platform, the second of the two proprietary drone platforms under development with Hellbender, Inc. Both the LRS and the Company’s Close Quarters Strike (“CQS”) platform are now in active flight testing.
Close Quarters Strike and Long Range Strike platforms
“Having both platforms in flight testing is an important step in expanding our drone product portfolio,” said Jeffrey Low, Co-Founder and Chief Executive Officer of First Breach. “These two aircraft share components, share a supply chain, and share a production line. That was the plan from the first day of the Hellbender agreement, and today both of them are flying. For the long-range mission, this is the platform the Department of War has been describing, built the way they have asked for it to be built.”
The LRS is a compact, man-portable Class 1 unmanned aircraft system weighing under 9 kg (20 lb.), with propellers under 457 mm (18 in) and a wheelbase or folded wingspan under 350 mm. The platform is designed for a range in excess of 20 km, a current speed of approximately 120 km/h, and a payload of ~1 kg. Operators control the aircraft in first-person view, with computer vision search assistance layered over map-based waypoint navigation. Onboard hardware is intended to support identification friend or foe and terminal guidance, while modular radio connectivity and GNSS-denied navigation hardware are intended to support resilience in environments affected by electronic warfare. Designed from inception for high-volume robotic assembly, the LRS sourcing plan calls for 100 percent non-Chinese sourcing of its battery pack, motors, power electronics, flight control system, flight computer, and vision guidance system.
The milestone advances First Breach’s development of two distinct products built around common components, a shared supply chain, and a common production line. This approach is intended to support manufacturing efficiency and scalable assembly as the Company progresses toward commercialization. First Breach continues to target completion of its initial prototypes in the fourth quarter of 2026 and the start of scaled production in the second quarter of 2027.
About First Breach
First Breach Inc. is an ISO 9001:2015 certified, American-made defense technologies company focused on manufacturing match-grade ammunition components, finished ammunition, and developing next-generation unmanned aerial systems for commercial, law enforcement, and military markets. The Company manufactures its products in-house at its Hagerstown, Maryland facility, where it produces brass cups, casings, projectiles, lead cores, lead wire, and completed ammunition with rigorous quality control standards. First Breach is also advancing its drone strategy through the development of U.S.-made unmanned systems, leveraging advanced engineering, robotics, ISR and sensor technologies, and precision manufacturing capabilities to address evolving defense, homeland security, law enforcement, and commercial requirements across domestic and international markets.
Hellbender, Inc. is a Pittsburgh-based engineering and advanced manufacturing company specializing in physical AI, computer vision, drones, robotics, electronics design, and automated manufacturing. Operating from approximately 90,000 square feet of facilities, the company provides integrated product development capabilities spanning engineering, prototyping, printed circuit board assembly, advanced sensor integration, robotic manufacturing, and production testing. More than 25% of Hellbender’s workforce consists of military veterans, supporting its commitment to American manufacturing and technical innovation.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not historical facts and include statements regarding the Company’s expectations, beliefs, plans, objectives, strategies, future events, future performance, business prospects, growth initiatives, acquisitions, market opportunities, capital resources, operational objectives, and other statements that are predictive in nature. Forward-looking statements may be identified by the use of words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “seek,” “should,” “target,” “will,” “would,” and similar expressions, although not all forward-looking statements contain these identifying words.
Forward-looking statements are based on management’s current expectations, assumptions, and beliefs regarding future developments and their potential effect on the Company. These statements are not guarantees of future performance and involve known and unknown risks, uncertainties, assumptions, and other factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied by such forward-looking statements.
Factors that could cause actual results to differ materially from those expressed or implied by forward-looking statements include, but are not limited to, changes in economic, business, market, competitive, regulatory, technological, legal, and geopolitical conditions; the Company’s ability to execute its business strategy; access to capital and financing; customer demand; industry developments; and other risks and uncertainties described from time to time in the Company’s filings with the U.S. Securities and Exchange Commission, which are available for review at www.sec.gov.
Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date they are made. Except as required by applicable law, the Company undertakes no obligation to update, revise, or publicly disclose any revisions to any forward-looking statements to reflect events, circumstances, or changes in expectations occurring after the date of this press release.
Denver, Colorado–(Newsfile Corp. – October 26, 2026) – Elemental Royalty Corporation (NASDAQ: ELE) (TSX: ELE) (“Elemental” or the “Company“) is pleased to announce that it has completed the acquisition of four of the five royalty and streams from funds managed by Orion Mine Finance Management LP (collectively, “Orion“), as previously announced on September 21, 2026 (the “Acquisition“).
In conjunction with the Acquisition, Elemental has executed the amendment to the Company’s existing Revolving Credit Facility (the “Facility“), increasing the Facility from US$150 million to US$250 million, with a further US$50 million accordion feature (the “Accordion“).
Elemental Chief Executive Officer, Frederick Bell, commented: “We are pleased to complete the acquisition of key assets from Orion. In the month since the Acquisition was announced, i-80 have reported first results from their ongoing Mineral Point drill program that highlight the potential for the mineralized footprint to expand as well as updating their development plan to prioritize the project. In parallel, Silverco published a new PEA for the producing La Negra mine that doubles production compared to our previous valuation and highlights the significant growth potential embedded within the portfolio.
The expansion of our credit facility to US$250 million demonstrates the continued support of our lending partners and provides us with greater financial flexibility going forwards to pursue further accretive royalty and streaming investments.”
Orion Portfolio
The acquired assets comprise the Ruby Hill Complex and Granite Creek silver stream, the Kouroussa gold stream, the Homestake District royalty and the La Negra royalty. The acquisition of the Snowy River gold stream is expected to close separately as planned in Q1 2027, subject to satisfaction of the applicable regulatory approvals in New Zealand.
Since the acquisition was announced, there have been a number of material updates on the assets:
Ruby Hill Complex and Granite Creek – i-80 Gold Corp.
i-80 has updated its development plan to prioritize Mineral Point as its next major development project, a key driver of anticipated production growth for the company. An ongoing infill and step-out drilling campaign has already demonstrated encouraging results, including the potential to expand the mineralized footprint. A Pre-Feasibility Study is targeted for mid-2027
La Negra – Silverco Mining Ltd.
Silverco has published a Preliminary Economic Assessment for La Negra, outlining an average annual production of 4.1 Moz AgEq1 over an 8.2-year mine life, with steady-state throughput of 2,500 tonnes per day beginning in H2 2027. A 15,000-metre surface and underground drill program, the first large-scale exploration effort at La Negra in two decades, is underway
Elemental paid upfront consideration for the four assets of US$188 million in cash and issued 3,942,881 common shares to Orion. Following the issuance of the consideration shares, the total number of issued and outstanding shares is 76,471,207.
Full details of the transaction can be found in Elemental’s news release titled “Elemental Royalty announces US$290 million Acquisition of Royalty and Streaming Portfolio, Strategic Divestment of Generation Business and Management Succession” dated September 21, 2026.
Credit Facility
The Company has entered into an agreement with National Bank of Canada (“NBC“), Canadian Imperial Bank of Commerce (“CIBC“), and The Bank of Nova Scotia (“Scotia“) (together “the Lenders“) for a US$250 million Facility, with an option to increase to a total of US$300 million through an Accordion feature of US$50 million, subject to the satisfaction of certain conditions. This is an amendment to the existing US$150 million facility.
The Facility has a term of three years, extendable through mutual agreement between Elemental and the Lenders. Depending on the Company’s leverage ratio, the amounts drawn on the Facility are subject to interest at SOFR plus 2.25%-3.5% per annum. Other material terms of the amended Facility are substantially consistent with the terms of the Company’s existing credit facility.
The Facility has been entered into by Elemental as borrower, NBC as Administrative Agent, National Bank of Canada Capital Markets as Sole Bookrunner and Co-Lead Arranger, and CIBC as Co-Lead Arranger and Syndication Agent.
Advisors
McCarthy Tétrault LLP is acting as legal advisor to Elemental on the Acquisition. Troutman Pepper Locke LLP is acting as U.S. legal counsel to Elemental. Fasken Martineau DuMoulin LLP is acting as legal advisor to Elemental on the Facility
National Bank of Canada Capital Markets is acting as financial advisor to Orion. Torys LLP is acting as legal advisor to Orion.
Qualified Person
The scientific and technical information contained in this news release has been reviewed and approved by Michael Sheehan, a consultant to the Company and a “Qualified Person” as defined in NI 43-101.
Elemental is a mid-tier, gold-focused streaming and royalty company with a globally diversified portfolio of approximately 20 producing assets and more than 260 royalties, anchored by cornerstone assets and operated by world-class mining partners. The Company’s disciplined capital allocation and investment strategy combines immediate cash flow with significant embedded growth, providing a differentiated pathway to long-term value creation. Elemental benefits from a high-quality and diversified asset base, strong organic growth potential and sector-leading management expertise.
Elemental trades on Nasdaq and on the Toronto Stock Exchange under the ticker Symbol “ELE”.
This news release contains certain “forward looking statements” and certain “forward-looking information” as defined under applicable United States and Canadian securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as “may”, “will”, “should”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans” or similar terminology (including negative and grammatical variations thereof).
Forward-looking statements and information include, but are not limited to, statements regarding completion of the Acquisition and other transactions described in this news release, including any required approvals, and the timing thereof; future royalties and future consideration payments or issuances of shares, or other statements that are not statements of fact. Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies.
References to nearby mines, deposits and projects are provided for geological and regional context only. Mineralization on nearby or adjacent properties is not necessarily indicative of mineralization on the properties in which Elemental holds, or has agreement to acquire, a royalty interest.
Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of Elemental to control or predict, that may cause Elemental’s actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including but not limited to: the ability of the relevant parties to complete the Acquisition and the other transactions described in this news release; the receipt of approvals necessary for, and the satisfaction of other closing conditions to, the Acquisition; the impact of general business and economic conditions, the absence of control over the mining operations from which Elemental will receive royalties, risks related to international operations, government relations and environmental regulation, the inherent risks involved in the exploration and development of mineral properties; the uncertainties involved in interpreting exploration data; the potential for delays in exploration or development activities; the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results will not be consistent with Elemental’s expectations; accidents, equipment breakdowns, title matters, labour disputes or other unanticipated difficulties or interruptions in operations; fluctuating metal prices; unanticipated costs and expenses; uncertainties relating to the availability and costs of financing needed in the future; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations; currency fluctuations; regulatory restrictions, including environmental regulatory restrictions; liability, competition, loss of key employees and other related risks and uncertainties. For a discussion of important factors which could cause actual results to differ from forward-looking statements, refer to the annual information form of Elemental for the year ended December 31, 2025. Elemental undertakes no obligation to update forward-looking statements and information except as required by applicable law. Such forward-looking statements and information represent management’s best judgment based on information currently available. No forward-looking statement or information can be guaranteed, and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.
Neither The Nasdaq Stock Market LLC nor the Toronto Stock Exchange, nor its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange), accepts responsibility for the adequacy or accuracy of this news release.
1 Silver equivalent (“AgEq”) is calculated by dividing the total value of payable metal by the silver price, using the PEA price assumptions of $50.00/oz silver, $4.50/lb copper, $0.88/lb lead and $1.30/lb zinc. AgEq Produced applies the same conversion to metal recovered to concentrate. Payability, treatment and refining charges, transportation and penalties are reflected in the payable figures. Silverco Mining Ltd. news release 09/21/2026.
