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Sranan Provides Update on Late Filing of Financial Statements

Sranan Gold Corp. (CSE: SRAN,OTC:SRANF) (OTCQB: SRANF) (‘Sranan’ or the ‘Company’) continues to work towards the filing of its annual audited financial statements, management’s discussion and analysis, and CEO and CFO certifications for the fiscal year ended September 30, 2025 (the ‘Required Filings’).

The previously identified transactional complexities have been addressed, and the review of the transactions is ongoing. The principal remaining items relate to transaction accounting testing and clarification of VAT treatment in Suriname, with other minor items including tax provision calculations, confirmations, and procedural documentation. As the audit has progressed, the volume of supporting documentation has increased and is being provided to the auditor, resulting in outstanding audit items representing approximately 18%. Sranan remains in ongoing communication with its auditor to confirm any remaining documentation requirements and has committed to providing any outstanding materials promptly upon request. Sranan anticipates that the audited financial statements will be completed and filed on or before February 27, 2026.

The Required Filings were due to be filed by January 28, 2026. In connection with the anticipated delays in making the Required Filings, the Company made an application for a Management Cease Trade Order (‘MCTO‘) under National Policy 12-203 Management Cease Trade Orders (‘NP 12-203‘) to the Alberta Securities Commission, as principal regulator for the Company, and the MCTO was issued on January 29, 2026. The MCTO restricts all trading by the Company’s CEO and CFO in securities of the Company, whether direct or indirect. The issuance of the MCTO does not affect the ability of persons who are not directors, officers or insiders of the Company to trade their securities. The MCTO will remain in effect until the Required Filings are filed or until it is revoked or varied.

The Company currently expects to file its interim first-quarter financial statements on or before the applicable filing due date.

Both the Company and its auditors are working diligently towards the completion and filing of the Required Filings, and the Company will provide additional updates.

The Company confirms that it intends to satisfy the provisions of the alternative information guidelines described in NP 12-203 by issuing bi-weekly default status reports in the form of a news release until it meets the Required Filings requirement. The Company has not taken any steps towards any insolvency proceeding and the Company has no material information relating to its affairs that has not been generally disclosed.

For further information with respect to the MCTO, please refer to the Company’s news releases dated January 21, 2026, and February 4, 2026, available for viewing on the Company’s SEDAR+ profile at www.sedarplus.ca.

About Sranan Gold

Sranan Gold Corp. is engaged in the business of mineral exploration and the acquisition of mineral property assets in Suriname and Canada. The Company’s flagship Tapanahony Project covers 29,000 hectares in one of Suriname’s most prolific artisanal gold mining districts.

For more information, please visit http://www.sranangold.com.

For further information, please contact:
Oscar Louzada, CEO
+31 6 25438975

THE CANADIAN SECURITIES EXCHANGE HAS NOT APPROVED NOR DISAPPROVED THE CONTENT OF THIS PRESS RELEASE.

Forward-looking statements

Certain statements made and information contained herein may constitute ‘forward-looking information’ and ‘forward-looking statements’ within the meaning of applicable Canadian and United States securities legislation. These statements and information are based on facts currently available to Sranan and there is no assurance that the actual results will meet management’s expectations. Forward-looking statements and information may be identified by such terms as ‘anticipates,’ ‘believes,’ ‘targets,’ ‘estimates,’ ‘plans,’ ‘expects,’ ‘may,’ ‘will,’ ‘could’ or ‘would.’

This news release contains forward-looking statements, including, but not limited to, statements regarding management’s expectations about obtaining the MCTO and completing the Required Filings within the anticipated timeline. Forward-looking statements are subject to various risks, uncertainties, and other factors that could cause actual results or events to differ materially from those expressed or implied by such statements. Sranan does not undertake any obligation to update forward-looking statements or information, except as required by applicable securities laws. For more information on the Company, investors should review the Company’s continuous disclosure filings that are available at www.sedarplus.ca.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/284465

News Provided by TMX Newsfile via QuoteMedia

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Christopher Aaron: Gold, Silver Going Higher — This Cycle Ends in Mania

Christopher Aaron, founder of iGoldAdvisor and Elite Private Placements, explains where gold and silver are in the current cycle and what his strategy looks like now.

‘This cycle is going to end in a mania,’ he said. ‘You want to position not when the mania is unfolding, but when it gets quiet, and I think we’re in one of those windows now to be positioning.’

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

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Genesis Moves to Acquire Magnetic in US$450 Million Deal, Boosts Laverton Growth Strategy

Genesis Minerals (ASX:GMD,OTCPL:GSISF) has struck a recommended deal to acquire Magnetic Resources (ASX:MAU) in a transaction that would add more than 2 million ounces of high-grade gold to its Laverton inventory and reshape its production growth outlook in Western Australia.

Under a binding Scheme Implementation Deed announced Tuesday (February 17), Genesis will acquire 100 percent of Magnetic via a court-approved scheme of arrangement. The offer values Magnetic at approximately US$450 million on a fully diluted basis.

At the centre of the deal is Magnetic’s flagship Lady Julie gold project in the Laverton region, which hosts a mineral resource of approximately 2.2 million ounces grading 1.8 grams per tonne (g/t) gold, and ore reserves of around 1 million ounces at 1.7 g/t. The project sits roughly 20 kilometres from Genesis’ operating 3 million tonne per annum Laverton mill.

“This transaction creates substantial value for both groups of shareholders, delivering genuine synergies while combining the right assets with the right people,” Genesis Executive Chair Raleigh Finlayson said.

“Magnetic’s Lady Julie Gold Project will add more than 2Moz at an attractive high grade to Genesis’ Laverton inventory, further bolstering the mine life and production outlook.”

Lady Julie’s northern boundary adjoins ground recently acquired by Genesis through its purchase of Focus Minerals’ (ASX:FML,OTCPL:FCSUF) Laverton gold project, creating the potential to integrate what would otherwise be neighbouring standalone developments into a larger open pit operation.

Genesis said removing tenement boundaries between the assets presents tangible cost and operational synergies. The acquisition would expand its Laverton mineral resources to approximately 8.4 million ounces, representing a 40 percent increase, and lift its pro forma total mineral resources to 21 million ounces.

The company signaled that the deal could support an uplift to its “ASPIRE 500” growth strategy, with an updated multi-year plan expected following completion.

Magnetic Managing Director George Sakalidis said the deal follows a strategic review exploring development pathways for Lady Julie: “Genesis’ offer follows a strategic review which the Board and its advisers have been working on for several years to explore potential options to collaborate with other operators which have the existing skill set or combination synergies to develop Magnetic’s discoveries and unlock value for our shareholders.’

If implemented, Magnetic shareholders would own approximately 2.4 percent of the enlarged Genesis. Major shareholders representing about 19.6 percent of Magnetic’s issued shares have already committed to vote in favour of the scheme, subject to customary conditions.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

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Warner Bros. Discovery reopens talks with Paramount

Warner Bros. Discovery said Tuesday that it was reopening talks with Paramount Skydance, giving the studio a week to rival Netflix in its bid to take over the streaming and cable giant.

In a statement, Warner Bros. Discovery said it had rejected the latest $30-a-share offer from Paramount but would give the company until Monday ‘to make its best and final offer.’

It also said a ‘senior representative’ of Paramount had indicated that the CBS owner would be willing to meet an even higher price, $31 a share, seemingly enticing the board back to the table.

At the same time, Warner Bros. is still recommending its shareholders vote at a special meeting March 20 to approve the $82.7 billion deal it reached in December to sell its streaming service, studio and HBO cable channel to Netflix.

Paramount is seeking to buy the entirety of Warner Bros. Discovery.

‘Every step of the way, we have provided [Paramount Skydance] with clear direction on the deficiencies in their offers and opportunities to address them,’ David Zaslav, CEO of Warner Bros. Discovery, said in the statement.

In a letter to the Paramount board — chaired by David Ellison, also the company’s CEO and controlling shareholder — Warner Bros. said that while Paramount had indicated it would address ‘unfavorable terms and conditions,’ these had not yet been removed from the proposed merger agreement.

Warner Bros. has repeatedly rejected previous bids from Paramount, citing the ‘insufficient value’ offered.

In a separate statement, Netflix hit out at what it called Paramount’s ‘antics.’

‘Throughout the robust and highly competitive strategic review process, Netflix has consistently taken a constructive, responsive approach with WBD, in stark contrast to Paramount Skydance,’ it said.

Netflix said that it was ‘confident that our transaction provides superior value and certainty’ but also recognized ‘the ongoing distraction for WBD stockholders and the broader entertainment industry caused by’ Paramount. The company said it granted Warner Bros. the one-week window to reopen talks with Paramount to ‘fully and finally resolve this matter.’

Netflix also took aim at the regulatory process required for either company to complete a takeover.

It said that Paramount has ‘repeatedly mischaracterized the regulatory review process by suggesting its proposal will sail through.’

‘WBD stockholders should not be misled into thinking that PSKY has an easier or faster path to regulatory approval — it does not,’ Netflix said.

In a statement, Paramount Skydance reiterated its existing offer to Warner Bros. Discovery of $30 per share. The company did not indicate if it would submit a higher bid.

Paramount called the one-week negotiating window ‘unusual’ but said it ‘is nonetheless prepared to engage in good faith and constructive discussions.’

The Ellison-backed media giant also said it would continue advocating against the Netflix deal and submit a slate of directors for Warner Bros.’ board at the upcoming shareholder meeting, as it previously planned to.

President Donald Trump, whose administration approved Ellison’s takeover of Paramount last year, said early in the bidding process he would be involved in approving a deal with Warner Bros.

But earlier this month, Trump changed his tune. ‘I’ve been called by both sides, it’s the two sides, but I’ve decided I shouldn’t be involved,’ he told ‘NBC Nightly News’ anchor Tom Llamas.

Trump still hinted that one company looked problematic to him. ‘I mean, there’s a theory that one of the companies is too big and it shouldn’t be allowed to do it,’ he said.

‘They’re beating the hell out of each other and there’ll be a winner,’ Trump said.

Warner Bros. has an archive of storied movies, as well as a diverse portfolio of brands including CNN and HBO.

The bidding war for the media empire comes at a pivotal time for the entertainment industry, with traditional broadcasters and studios facing serious challenges from digital newcomers Netflix, Apple and Amazon.

Since Netflix announced its deal to buy parts of Warner Bros. Discovery, its shares have tumbled nearly 25%.

This post appeared first on NBC NEWS

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CFTC chief sides with prediction markets over state regulators in a high-stakes court case

The Commodity Futures Trading Commission (CFTC) is stepping in to stop what it calls an “onslaught” of state-level regulation of prediction markets.

CFTC Chairman Michael Selig said Tuesday in a video posted on X that the agency has filed a “friend of the court brief” in support of Crypto.com in its escalating legal battle with regulators in Nevada.

The move is significant because it marks the first time under Selig that the CFTC has taken sides in what is shaping up to be an epic fight between regulators and prediction markets, platforms that allow users to trade contracts tied to a wide range of events, from local elections to the Super Bowl.

By intervening, Selig’s CFTC is effectively arguing that prediction markets are federally regulated and not subject to state-level gambling laws.

“Over the past year, American prediction markets have been hit with an onslaught of state-led litigation,” Selig said in the video.

“The CFTC will no longer sit idly by while overzealous state governments undermine the agency’s exclusive jurisdiction over these markets by seeking to establish statewide prohibitions on these exciting products,’ said Selig.

The debate over how the platforms should be regulated comes as they explode in popularity. Kalshi said Super Bowl 60 generated more than $1 billion in total trading volume — a 2,700% increase from last year.

It’s a fight with broad implications and high stakes. Over the past year, several states including Massachusetts and Nevada have moved to restrict prediction markets, filing lawsuits, issuing cease-and-desist letters and arguing that the platforms amount to unlicensed gambling.

Utah’s Republican governor, Spencer Cox, said in a post on X Tuesday that he will use “every resource” within his disposal to “beat” Selig in court.

“These prediction markets you are breathlessly defending are gambling—pure and simple,” he said. “They are destroying the lives of families and countless Americans, especially young men. They have no place in Utah.”

Meanwhile, Cox’s fellow Republican, Sen. Bernie Moreno of Ohio, issued his support of Selig’s announcement on X. “Clear lines of delineation and clarity on regulations is essential for American led innovation,’ he said.

Selig’s move comes days after a group of Democratic senators led by Nevada’s Catherine Cortez Masto sent the chairman a letter urging the CFTC to ‘abstain from intervening in pending litigation involving contracts tied to sports, war, or other prohibited events.’

As states attempt to rein in these fast-growing platforms, the question is no longer simply whether these products amount to gambling. It’s who gets to decide that question.

Industry advocates argue that the platforms aren’t gaming, which is traditionally regulated by states. Instead, they claim the prediction markets are financial exchanges that fall under the CFTC’s purview, where users trade contracts with one another. and don’t bet against a “house.” The exchanges don’t set odds or take the opposite side of trades. Instead, they collect transaction fees, similar to a brokerage.

In the video, Selig said prediction markets allow Americans to “hedge commercial risks like increases in temperature and energy price spikes,” and they act as “an important check on our news media and our information screens.”

He ended the video with a warning directed at the state attorneys general who are on the front lines of the legal fights to regulate prediction markets: “To those who seek to challenge our authority in this space, let me be clear: We will see you in court.”

This post appeared first on NBC NEWS

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Earthwise Minerals

Investor Insight

Earthwise Minerals is a data-driven Canadian gold explorer advancing the fully permitted Iron Range gold project in southeastern British Columbia. Backed by more than $8 million in historical data and a 51.6 million-share structure, the company offers strong leverage to discovery. A staged earn-in and defined drill targets position Earthwise for efficient, high-impact exploration.

Overview

Earthwise Minerals (CSE:WISE,FSE:966) is a Vancouver-based exploration company focused on advancing the Iron Range Gold Project in southeastern British Columbia. The project lies within the Purcell Supergroup along the Iron Mountain Fault Zone, a major regional structure in the same metallogenic belt as the historic Sullivan deposit, providing a strong geological context for structurally hosted gold-dominant mineralization.

The company’s strategy centers on integrating historic datasets with modern exploration technologies to efficiently generate drill-ready targets. More than $8 million in historical exploration work — including airborne geophysics, soil geochemistry and drilling — gives Earthwise a significant technical head start and reduces early-stage exploration risk.

Earthwise controls its flagship project through an option agreement with Eagle Plains Resources, allowing it to prioritize exploration spending over acquisition costs. This staged structure provides a disciplined pathway toward discovery while preserving capital.

Company Highlights

  • Tight Capital Structure:51.6 million shares fully diluted, providing strong leverage to exploration success without excessive dilution
  • District-Scale Flagship Asset: The Iron Range Gold Project spans 21,437 hectares along a major regional structure with more than 50 kilometres of strike length
  • Extensive Historic Database: Over $8 million in past geophysics, geochemistry and drilling creates a robust dataset for modern targeting
  • Low-Cost Earn-In: Option to earn 70 percent interest over four years through staged payments and exploration totaling $4 million, plus a further 10 percent (to 80 percent) for a $1-million payment within 120 days
  • Infrastructure Advantage: Property is road accessible, crossed by Highway 3 and serviced by rail, power, natural gas and water
  • Advanced Permitting: Multi-year area-based permit allows drilling, trenching, geophysics and road access without annual approvals
  • Experienced Leadership: Management and board combine technical discovery experience, capital markets expertise and digital strategy capabilities

Key Project

Iron Range Gold Project

The Iron Range Gold Project is Earthwise’s flagship asset, covering 21,437 hectares just northeast of Creston, British Columbia. The property is underlain by the Iron Mountain Fault Zone and hosts structurally controlled mineralization associated with a key stratigraphic horizon known as the Lower–Middle Aldridge Contact. Infrastructure is exceptional, with Highway 3 crossing the project, rail access via Canadian Pacific, power supplied by BC Hydro and nearby natural gas and water.

Historic exploration has outlined multiple mineralized zones supported by geophysical and geochemical anomalies. A 2004 VTEM survey identified conductive trends coincident with the fault zone, while soil surveys defined multi-element anomalies including arsenic, lead, zinc and gold. Induced polarization surveys completed in 2017 outlined a down-plunge chargeability anomaly at the Talon/Canyon Zone, later confirmed by drilling in 2018.

Mineralization styles are polymetallic but gold dominant, occurring within brittle shear and breccia zones ranging from one metre to several tens of metres wide. Historic drill intercepts include:

  • 56.5 m grading 1.9 g/t gold, 0.44 percent lead, 0.59 percent zinc and 19.7 g/t silver
  • 14.0 m grading 5.1 g/t gold, 1.86 percent lead, 2.1 percent zinc and 75.3 g/t silver
  • 2.0 m grading 12.8 g/t gold, 4.18 percent lead, 5.06 percent zinc and 122.5 g/t silver

Recent fieldwork has also returned surface samples grading up to 13.4 g/t gold, 27.2 g/t silver and 2.7 percent lead, supporting the project’s discovery potential. Mineralization remains open along strike and at depth, with overlapping geophysical and geochemical vectors indicating potential for additional shoots.

Project Highlights

  • 21,437 hectare district-scale land package
  • More than 50 km of prospective structural strike
  • Over $8 million in historical exploration data
  • Fully permitted for multi-year drilling and exploration
  • Phase 1 drill program (~2,500 m) planned to test down-plunge extensions and parallel structures
  • Earn-in to 80 percent ownership with only a 1 percent NSR retained on part of the property

Management Team

Mark Luchinski — Chief Executive Officer and Corporate Director

Mark Luchinski is an entrepreneur and capital markets specialist with two decades of experience managing public companies and advancing exploration assets. He has guided multiple firms through financings, acquisitions, exploration programs and listings. He also serves as a director of Aeonian Resources.

Mateo Arcila — Director

Mateo Arcila is an engineer with over 10 years of experience in business development and digital strategy. He oversees corporate outreach, digital initiatives and investor engagement for Earthwise. His background includes marketing analytics, data strategy and international business.

Karen Mate – Director

Karen Mate is a senior capital markets professional with more than 30 years of experience in the Canadian investment industry, specializing in institutional equity sales and capital markets advisory. She has held senior roles at leading investment banks, including Director of Global Institutional Equity Sales at Scotia Capital, as well as leadership positions at Casimir Capital, Dundee Capital Markets, Marleau Lemire Securities and National Bank Financial. Known as a trusted advisor to institutional investors and corporate management teams, she has guided clients across multiple market cycles with strategic market insight and execution expertise.

Ikavinder Deol — Chief Financial Officer

Ikavinder Deol is a CPA with more than six years of experience in financial reporting and compliance for junior mining companies. She specializes in IFRS reporting and regulatory filings. She is also affiliated with Cross Davis & Company, which focuses on public resource issuers.

Andy Randell – Geological Advisor

Andy Randell, P.Geo, is a professionally registered geoscientist with more than 20 years of experience spanning mineral exploration, technical leadership, consulting and industry governance. He has held senior geological roles on gold-focused projects in Canada and internationally, including project geologist and chief geologist positions, and brings expertise from grassroots through advanced-stage exploration. His work emphasizes structural geology, disciplined target generation and responsible exploration practices.

This post appeared first on investingnews.com

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Corcel Exploration Appoints New Director

Corcel Exploration Inc. (CSE: CRCL,OTC:CRLEF) (OTCQB: CRLEF) (the ‘Company’ or ‘Corcel’) today announced the appointment of Thy Truong to the Board of Directors, replacing Oliver Friesen effective immediately.

Corcel would like to thank Mr. Friesen for his guidance and meaningful contributions during his tenure on the Board and wishes him every success in his future endeavors.

Thy Truong is a Chartered Professional Accountant with more than ten years of experience in public accounting and the mining industry. Ms. Truong. currently serves as Director of FP&A, Tax, and Internal Controls at Vizsla Silver Corp. and CFO of Tarachi Gold Corp., where she supports financial planning, governance, and day-to-day decision-making across the organizations. She graduated Magna Cum Laude with a bachelor’s degree in business administration from Fairleigh Dickinson University, Vancouver and was a part of the Global Scholar Program (Academic Honours).

‘On behalf of the Board, I am pleased to welcome Thy to Corcel,’ commented Jon Ward, CEO and Director of Corcel Exploration Inc. ‘Thy brings a technical accounting background with a proven track record in financial planning, governance, and internal controls. Her experience in public accounting and supporting resource companies will be invaluable as we continue to advance the Yuma King copper-gold asset in Arizona.’

The Company also announces that it has granted 200,000 incentive stock options exercisable at $0.22 for a period of 5 years, in accordance with its stock option plan.

About Corcel Exploration Inc.

Corcel is a mineral resource company engaged in the acquisition and exploration of precious and base metals properties throughout North America. The Company has entered a long-term lease agreement to acquire the Yuma King Copper-Gold project in Arizona, which spans a district-scale land position of 3,200 hectares comprising 515 unpatented federal mining claims in the Ellsworth Mining District, including the past-producing Yuma Mine which saw underground production of copper, lead, gold and silver between 1940 and 1963. The Company also holds an option to acquire a 100% undivided right, title, and interest in and to the Peak gold exploration project and holds a 100% interest in the Willow copper project. For more information, please visit our website at https://corcelexploration.com/.

For further information contact:

Jon Ward, CEO
Email: info@corcelexploration.com
Tel: (604) 355-0303

Caution Regarding Forward-Looking Information

This news release contains ‘forward‐looking information’ and ‘forward-looking statements’ under applicable Canadian and U.S. securities laws (collectively, ‘forward‐looking statements’). These statements relate to future events or the Company’s future performance, business prospects or opportunities that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management made in light of management’s experience and perception of historical trends. Assumptions may prove to be incorrect and actual results and future events may differ materially from those anticipated. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives or future events or performance (often, but not always, using words or phrases such as ‘seek’, ‘anticipate’, ‘plan’, ‘continue’, ‘estimate’, ‘expect’, ‘may’, ‘will’, ‘project’, ‘predict’, ‘forecast’, ‘potential’, ‘target’, ‘intend’, ‘could’, ‘might’, ‘should’, ‘believe’ and similar expressions) are not statements of historical fact and may be ‘forward‐looking statements’.

Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results to materially differ from those expressed or implied by such forward-looking statements, including but not limited to: material adverse changes, unexpected changes in laws, rules or regulations, or their enforcement by applicable authorities; the failure of parties to contracts with the company to perform as agreed; social or labour unrest; changes in commodity prices; and the failure of exploration programs or studies to deliver anticipated results or results that would justify and support continued exploration, studies, development or operations. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. The Company believes that the expectations reflected in these forward‐looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward‐looking statements included herein should not be unduly relied upon. These statements speak only as of the date hereof. The Company does not intend, and does not assume any obligation, to update these forward-looking statements, except as required by applicable laws.

Neither the Canadian Securities Exchange nor the Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/284116

News Provided by TMX Newsfile via QuoteMedia

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Prismo Metals to Host Webinar on February 26th, 2026

(TheNewswire)

Vancouver, British Columbia TheNewswire – February 16th, 2026 Prismo Metals Inc. (the ‘Company’) (CSE: PRIZ,OTC:PMOMF) (OTCQB: PMOMF) is pleased to invite investors and other interested parties to attend the Company’s upcoming live webinar presentation and audience Q&A on February 26th at 1:00 pm PST (4:00 pm EST).

CEO Alain Lambert and Chief Exploration Officer Dr. Craig Gibson will discuss Prismo’s upcoming drill program at its Silver King project located near the town of Superior, Arizona.

The webinar will be a live, interactive online event where attendees can ask the presenters questions following management’s presentation. A recording will be available for those who cannot join the live event.

Presentation Date & Time: Thursday February 26th, @ 1 PM PST / 4 PM EST

Webcast Link: https://us06web.zoom.us/j/82341038966?pwd=QL8lbCPybL9SPLOPy7b8YWOdeack2u.1

Passcode: 821459

Recent Management Interviews

Consistent with its desire to keep investors informed of the latest developments of the Company, Prismo is pleased to share the latest interviews with management which were published on the last couple days:

Interview with Martin Gagel of Radius Research:

Interview with Cory Fleck of Korelin Economics Report:

https://www.kereport.com/2026/02/16/prismo-metals-silver-kings-project-upcoming-maiden-drill-program-overview/

Alain Lambert, CEO of Prismo commented: ‘Following our announcement on February 12th that we have received formal permit approval from the U.S. Forest Service to proceed with our fully funded drill program at Silver King, Craig and I did two interviews in which we explain in detail the upcoming drill program. We are pleased to share these interviews with our shareholders and potential investors as we feel it will give them a clear picture of the drill plan and expectations regarding assay results and next steps.’

On February 12th, the Company also announced that it had engaged Godbe Drilling LLC to conduct this Phase 1 drilling program. Godbe Drilling LLC is a Colorado-based family-owned diamond core drilling and mineral exploration business with extensive operating experience in the southwestern United States, including Arizona. Finally, the financing announced in the Company’s January 16th, 2026 news release has been completed for an amount of $147,500 as per the terms and conditions detailed in that news release.

About Silver King

Discovered in 1875, the Silver King mine is one of Arizona’s most important historical producers, yielding nearly 6 million ounces of silver at grades of up to 61 oz/t. Selected samples from small-scale production in the late 1990s returned historical grades as high as 644 oz/t silver (18,250 g/t) and 0.53 oz/t gold (15 g/t). Additionally, the presence of freibergite (AgCuSbS) suggests a potential for antimony, a critical mineral with growing strategic demand.

Strategic Location

The Silver King mine sits only 3 km from the main shaft of the Resolution Copper project — a joint venture between Rio Tinto and BHP and recognized as one of the world’s largest unmined copper deposits.(1) This unique land position is fully surrounded by Resolution Copper’s claim block, offering strategic upside.

The Silver King mine was discovered in 1875 and produced as much as 10,000 ounces per ton silver in near surface workings.(2) Underground production through 1889 is estimated at almost 6 million ounces of silver at grades of between 61 and 21 ounces per ton. During a second period of production from 1918 to 1928, 230,000 ounces were produced at a grade of 18.7 ounces per ton.  No significant production has occurred after 1928.  

Silver King is a steeply west-dipping pipelike stockwork and breccia zone that was mined on eight levels to about 300 meters depth below a glory hole at the surface. The pipe is described as a dense stockwork with local breccia zones and a quartz core, and that due to variations in mineralogy, much of the upper portion of the body has not been mined(3). The current owners from whom the Company has optioned the project rehabilitated the main shaft in the late 1990s, opened the upper levels of the mine and produced a small tonnage. Assay certificates from this period show selected samples with 400 to 600 ounces per ton silver with 0.2-0.5 oz/t gold and some base metals. Virtually no modern exploration has been carried out at the mine providing significant exploration upside and multiple drill targets.  

With respect to the Resolution deposit, the QP has been unable to verify the information, and the information is not necessarily indicative to the mineralization on the Silver King property.

  1. (2)Galbraith, F, 1935, Geology of the Silver King area, Superior, Arizona, Univ. of Arizona thesis, 153p plus plates. 

  2. (3)Blake, W.P., 1883, Description of the Silver King Mine, Arizona, New Haven, 48p plus plates. 

  3. (5)Briggs, D. 2015, Superior, Arizona: An old mining camp with many lives, Ariz. Geol Survey Contributed Report CR-15-D, 13p. 

Qualified Person

Dr. Craig Gibson, PhD., CPG., a Qualified Person as defined by NI-43-01 regulations and Chief Exploration Officer and a director of the Company, has reviewed and approved the technical disclosures in this news release.  The historic data presented in this press release was obtained from public sources, should be considered incomplete and is not qualified under NI 43-101, but is believed to be accurate. The Company has not verified the historical data presented and it cannot be relied upon, and it is being used solely to aid in exploration plans.

About Prismo Metals Inc.

Prismo (CSE: PRIZ,OTC:PMOMF) is a mining exploration company focused on advancing its Silver King, Ripsey and Hot Breccia projects in Arizona and its Palos Verdes silver project in Mexico.

Please follow @PrismoMetals on , , , Instagram, and

Prismo Metals Inc.

1100 – 1111 Melville St., Vancouver, British Columbia V6E 3V6

Phone: (416) 361-0737

 

Contact:

Alain Lambert, Chief Executive Officer alain.lambert@prismometals.com

Gordon Aldcorn, President gordon.aldcorn@prismometals.com  

 

Cautionary Note Regarding Forward-Looking Information

This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as ‘intends’ or ‘anticipates’, or variations of such words and phrases or statements that certain actions, events or results ‘may’, ‘could’, ‘should’, ‘would’ or ‘occur’. This information and these statements, referred to herein as ‘forward‐looking statements’, are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management’s expectations and intentions with respect to, among other things: the timing, costs and results of drilling at Hot Breccia.

These forward‐looking statements involve numerous risks and uncertainties, and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things: delays in obtaining or failure to obtain appropriate funding to finance the exploration program at Silver King.

In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, that: the ability to raise capital to fund the drilling campaign at Silver King and the timing of such drilling campaign.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.

 

Copyright (c) 2026 TheNewswire – All rights reserved.

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Sigma Lithium Makes New Lithium Fines Sale, Unlocks US$96 Million Credit Facility

Sigma Lithium (TSXV:SGML,NASDAQ:SGML) has secured another large-scale sale of high-purity lithium fines and activated a production-backed revolving credit facility as it ramps up operations in Brazil.

The lithium producer announced it has agreed to sell 150,000 metric tons (MT) of high-purity lithium fines containing 1 percent lithium oxide at a net final price of US$140 per MT upon warehouse delivery at the port of Vitória.

The buyer has the option to purchase a further 350,000 MT at market prices.

Sigma, which refers to the high-purity fines as a low-grade product, said the optional volumes provide flexibility to respond to market conditions and customer requirements.

According to the company, the sale of its low-grade product could generate proceeds equivalent to the sale of 70,000 MT of its high-grade lithium oxide concentrate. Sigma attributes the marketability of the fines to the processing technology at its Greentech plant, which uses dense media separation and dry stacking.

According to the São Paulo-based company, clients have achieved up to 60 percent recovery when reprocessing the material, producing lithium concentrate with over 4 percent lithium oxide content.

That higher-grade concentrate is currently priced at about US$1,370 per MT on average by Shanghai Metals Market.

“Our sequential sales of the Low Grade Product show how this material can generate recurring value, demonstrating its marketability,” said Marina Bernardini, Sigma vice president of business development. “Continuous demand for the Low Grade Product has supported the creation of an additional revenue stream for the Company.”

The February 13 agreement follows Sigma’s January sale of 100,000 MT of high-purity lithium fines.

At the time, the company reiterated that mining remobilization was proceeding as planned and pushed back against what it described as inaccurate media reports regarding an administrative process related to waste piles.

Alongside the new sale, Sigma confirmed that the resumption of production of its high-grade lithium oxide concentrate has triggered the start of pre-payments under a US$96 million revolving facility.

The unsecured binding agreement, signed with what the company describes as a leading company in the battery materials supply chain, calls for the delivery of 70,500 MT of high-grade concentrate in 2026.

Under the terms, fixed pre-payments of US$8 million are made 30 days prior to production and delivery to the port of Vitória. The first pre-payment was disbursed on January 13.

Each pre-payment carries interest at SOFR plus 1 percent for 30 days until final sale upon delivery. Pricing for each shipment is tied to prevailing spot market prices for high-grade lithium concentrate, as reflected in major industry indexes.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

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