Sydney, Australia (ABN Newswire) – BPH Energy Limited (ASX:BPH) announced that it has received binding commitments from new and existing sophisticated investors to raise approximately $1.2 million (before costs) (‘Placement’). The Placement will comprise the issue of 134,222,222 new fully paid ordinary shares (‘Placement Shares’) in the Company at an issue price of $0.009 per share. The Placement Shares will be issued pursuant to the Company’s existing placement capacity under ASX Listing Rule 7.1 and 7.1A.

HIGHLIGHTS

– Binding commitments received to raise approximately $1.2 million through a Placement at $0.009 per share

– Placement participants will receive 1 Attaching Option for each New Share subscribed for under the Placement, exercisable at $0.03 per share, with an expiry date being the same as the Options to be issued under the Options Prospectus dated 2 December 2025

– BPH funded to execute its next phase of hydrocarbon and Cortical Dynamics investments

– The Federal Court hearing for the PEP-11 judicial review application is scheduled for February 20 and 23, 2026

Placement participants will receive 1 free Attaching Option for each Placement Share subscribed for under the Placement, exercisable at $0.03 each with an expiry date being the same as the options to be issued under the Options Prospectus dated 2 December 2025 (‘Attaching Options’).

Oakley Capital Partners Pty Limited (‘Oakley Capital’) and 62 Capital Limited (’62 Capital’) acted as Joint Lead Managers for the Placement. Oakley Capital and 62 Capital will be paid a cash fee of 6% on funds raised under the Placement and an aggregate of 33,555,555 Broker Options (‘Broker Options’) on the same terms as the Attaching Options.

The Attaching Options and Broker Options will be issued on the same day as the Options to be issued under the Options Prospectus and the Company intends to apply for quotation of the Options subject to the Company meeting ASX quotation requirements.

Commenting on the capital raising, Executive Director Mr David Breeze said:

‘We are pleased to have received strong support in the Placement. The funding allows BPH to accelerate the exploration programs to unlock the potential on our gas projects especially with the current gas supply crisis as well as assist the next phase of associate Cortical Dynamic Limited’s expansion. The funding also leaves BPH well-placed ahead of the Federal Court hearing for the PEP-11 judicial review scheduled for February 20 and 23, 2026, where the PEP-11 Joint Venture will seek to overturn the Federal Government’s rejection of the PEP-11 permit extension’

USE OF FUNDS

The proceeds raised under the Placement provide BPH with an enhanced cash position to fund its hydrocarbon projects and to assist in the continued development of Cortical Dynamics.

The intended use of funds will be for:

– $0.85 million – Funding for exploration and development of oil and gas investments

– $0.1 million – For working capital including costs of the offer

– $0.25 million – Funding for Cortical Dynamics

PLACEMENT DETAILS

The Placement offer price of $0.009 per share represents a 18.2% discount to BPH’s last price of $0.0011 per share on Thursday, 8 January 2026, and a 7.8% discount to the 15-day VWAP of $0.00976 per share.

Settlement of the Placement is expected to be completed on or around 14 January 2026.

A total of 12,259,551 Placement Shares, 134,222,222 free Attaching Options, and 33,555,555 Broker Options (pro rata to their management of the Placement) will be issued under ASX Listing Rule 7.1. A total of 121,962,671 Placement Shares will be issued under ASX Listing Rule 7.1A.

The Attaching Options and Broker Options will be issued following the close of the Offer under the Options Prospectus dated 2 December 2025.

Placement Shares will rank equally with existing fully paid ordinary shares.

The Company will issue a supplementary Options Prospectus as soon as possible.

About BPH Energy Limited:

BPH Energy Limited (ASX:BPH) is an Australian Securities Exchange listed company developing biomedical research and technologies within Australian Universities and Hospital Institutes.

The company provides early stage funding, project management and commercialisation strategies for a direct collaboration, a spin out company or to secure a license.

BPH provides funding for commercial strategies for proof of concept, research and product development, whilst the institutional partner provides infrastructure and the core scientific expertise.

BPH currently partners with several academic institutions including The Harry Perkins Institute for Medical Research and Swinburne University of Technology (SUT).

Source:
BPH Energy Limited

Contact:
David Breeze
admin@bphenergy.com.au
www.bphenergy.com.au
T: +61 8 9328 8366

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Blackrock Silver Corp. (TSXV: BRC,OTC:BKRRF) (OTCQX: BKRRF) (FSE: AHZ0) (‘Blackrock’ or the ‘Company’) is pleased to announce the completion of its non-brokered private placement (the ‘Offering’) previously announced on December 24, 2025. 2176423 Ontario Ltd., a company beneficially owned by Eric Sprott, purchased an aggregate of C$6,999,960 of the Offering. The Offering consisted of a total of 13,636,300 units of the Company (the ‘Units’) at a price of C$1.10 per Unit for gross proceeds of C$14,999,930. Each Unit consisted of one common share of the Company (each, a ‘Common Share’) and one-half of one Common Share purchase warrant (each whole warrant, a ‘Warrant’). Each Warrant entitles the holder thereof to acquire one Common Share at an exercise price of C$1.50 per Common Share until January 8, 2028.

Andrew Pollard, Blackrock’s President and Chief Executive Officer, commented: ‘Supported by Eric Sprott and a new cornerstone investor, this $15 million financing meaningfully strengthens our balance sheet as we advance Tonopah West toward development. As an emerging American silver developer, we are accelerating permitting and de-risking initiatives in 2026 to support the advancement of a secure, high-quality domestic source of silver for the U.S. market.’

The net proceeds of the Offering are intended to be used by the Company to fund exploration, permitting and pre-development activities on the Company’s Tonopah West project and for general working capital.

In connection with the closing of the Offering, the Company paid Research Capital Corporation (the ‘Finder‘) finder’s fees in cash totalling C$689,997 and issued to the Finder a total of 627,270 non-transferable finder’s warrants (‘Finder’s Warrants‘) in connection with the Units placed by the Finder. Each Finder’s Warrant entitles the holder thereof to acquire one Common Share at an exercise price of C$1.50 until January 8, 2028.

The participation of Eric Sprott in the Offering constituted a ‘related party transaction’, within the meaning of TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101 (‘MI 61-101‘). The Company has relied on the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of the related party participation in the Offering as neither the fair market value (as determined under MI 61-101) of the subject matter of, nor the fair market value of the consideration for, the transaction, insofar as it involved the interested parties, exceeded 25% of the Company’s market capitalization (as determined under MI 61-101).

The Common Shares, Warrants and Finder’s Warrants issued in connection with the Private Placement and the Common Shares issuable upon exercise of the Warrants and Finder’s Warrants are subject to a hold period expiring on May 9, 2026.

The securities offered have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the ‘U.S. Securities Act‘) or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Blackrock Silver Corp.

Backed by gold and silver ounces in the ground, Blackrock is a junior precious metal focused exploration and development company driven to add shareholder value. Anchored by a seasoned Board of Directors, the Company is focused on its 100% controlled Nevada portfolio of properties consisting of low-sulphidation, epithermal gold and silver mineralization located along the established Northern Nevada Rift in north-central Nevada and the Walker Lane trend in western Nevada.

Additional information on Blackrock Silver Corp. can be found on its website at www.blackrocksilver.com and by reviewing its profile on SEDAR at www.sedarplus.ca.

Cautionary Note Regarding Forward-Looking Statements and Information

This news release contains ‘forward-looking statements’ and ‘forward-looking information’ (collectively, ‘forward-looking statements‘) within the meaning of Canadian and United States securities legislation, including the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, are forward-looking statements. Forward-looking statements in this news release relate to, among other things: the net proceeds from the Offering and the intended use of proceeds therefrom; the advancement of the Tonopah West project towards development, including the acceleration of permitting and de-risking initiatives at the Tonopah West project; and the intention for the Tonopah West project to function as a future secure, high-quality domestic source of silver for the U.S. market.

These forward-looking statements reflect the Company’s current views with respect to future events and are necessarily based upon a number of assumptions that, while considered reasonable by the Company, are inherently subject to significant operational, business, economic and regulatory uncertainties and contingencies. These assumptions include, among other things: conditions in general economic and financial markets; accuracy of assay results; geological interpretations from drilling results, timing and amount of capital expenditures; performance of available laboratory and other related services; future operating costs; the historical basis for current estimates of potential quantities and grades of target zones; the availability of skilled labour and no labour related disruptions at any of the Company’s operations; no unplanned delays or interruptions in scheduled activities; all necessary permits, licenses and regulatory approvals for operations are received in a timely manner; the ability to secure and maintain title and ownership to properties and the surface rights necessary for operations; and the Company’s ability to comply with environmental, health and safety laws. The foregoing list of assumptions is not exhaustive.

The Company cautions the reader that forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements contained in this news release and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: the timing and content of work programs; results of exploration activities and development of mineral properties; the interpretation and uncertainties of drilling results and other geological data; receipt, maintenance and security of permits and mineral property titles; environmental and other regulatory risks; project costs overruns or unanticipated costs and expenses; availability of funds; failure to delineate potential quantities and grades of the target zones based on historical data; general market, political, economic and industry conditions; and those factors identified under the caption ‘Risks Factors’ in the Company’s most recent Annual Information Form.

Forward-looking statements are based on the expectations and opinions of the Company’s management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statements were made. The Company undertakes no obligation to update or revise any forward-looking statements included in this news release if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable law.

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.

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/279847

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Best-to-date titanium–vanadium–iron drill results at Trapper Zone underscore Radar’s large-scale oxide system within the 160 km² Dykes River intrusive complex near tidewater in Labrador

Saga Metals Corp. (‘SAGA’ or the ‘Company’) (TSXV: SAGA,OTC:SAGMF) (OTCQB: SAGMF) (FSE: 20H), a North American exploration company focused on critical mineral discovery, is pleased to highlight a strengthened titanium thesis for its Radar Ti-V-Fe Project near the port of Cartwright, Labrador, following the Company’s best drill results to date from the Trapper Zone Phase 1 Mineral Resource Estimate (‘MRE’) drill program.

SAGA’s latest assays from the first two of eight completed MRE program drill holes at Trapper Zone demonstrate long, cumulative intervals of oxide mineralization with significant assay results of titanium dioxide (TiO₂), vanadium pentoxide (V₂O₅) and iron oxides (Fe₂O₃). This mineral assemblage is consistent with vanadiferous titanomagnetite (‘VTM’) and ilmenite mineralization that could potentially underpin multiple downstream titanium value chains and support an emerging strategic narrative: a need for resilient North American titanium supply.

SAGA believes Radar’s titanium-bearing oxide system is increasingly topical as Western governments and manufacturers focus on secure, defense-aligned supply chains for titanium metal inputs. In a January 2, 2026, MINING.com article citing Project Blue’s report ‘Metals and the Security of Nations’, titanium is characterized as a critical mineral for defense and aerospace, with supply-chain risk concentrated in titanium metal pathways (including aerospace-grade sponge capacity and certification) rather than in pigment markets. The vast majority – over 90% globally of mined titanium is processed into the pigment – a looming supply chain gap UK-headquartered market intelligence company Project Blue outlines in its report.

‘Titanium is essentially a defence metal – it can be up to 20% or more of the markets for total titanium consumption that goes into defence. An F 15 can be up to 40% in weight of titanium. There’s some serious volume going in these jet planes,’ Project Blue Founder and Director, Dr. Nils Backeberg told MINING.com in an interview. 

Saga Metals Releases Best-to-Date Drill Results at the Radar Project Confirming Robust Titanium–Vanadium–Iron Oxide Mineralization at Trapper Zone — Assay Highlights:

• Hole R-0008: 269.36 m @ 6.57% TiO₂, 0.244% V₂O₅, 36.21% Fe₂O₃ (full hole)
• Hole R-0009: 296.47 m @ 7.46% TiO₂, 0.250% V₂O₅, 39.75% Fe₂O₃ (full hole)
• High-grade intervals within the broader intercepts, including 2 m @ 13.30% TiO₂ (core sample 1800528)

Michael Garagan, CGO & Director of Saga Metals, stated: ‘The results from the first two holes at the Trapper Zone are an outstanding success, and represent the best intercepts drilled on the Radar property to date.’

What’s Different About the Radar Ti-V-Fe Project: A District-Scale Oxide System Enclosing the Entire Dykes River Intrusive Complex Potentially Forming a New North American Titanium Narrative

SAGA’s Radar Project is not a single isolated target. The Radar Property spans 24,175 hectares and hosts the entire Dykes River intrusive complex (~160 km²)—a property-scale position that is unique among Western explorers. Geological mapping, geophysics and trenching confirm oxide layering across more than 20 km of strike length and mineralization open for expansion. Drilling to date (4,250 m total) has confirmed a large mineralized layered mafic intrusion hosting VTM and ilmenite concentrations with strong titanium and vanadium grades. Drilling and geophysics validate a continuous 16+ km oxide layering trend stretching from the Hawkeye Zone to the Trapper Zone, coinciding with a strong arcuate regional magnetic-high anomaly.

Titanium Market Context: Defense and Aerospace Supply Chains Are Driving Urgency

This exploration progress is occurring against a strengthening macro backdrop for titanium as a defense and aerospace critical mineral, where supply-chain resilience—not just demand growth—has become a primary strategic driver. Titanium is deemed a critical metal by the U.S., EU and Canada and is essential for defense and aerospace applications due to its strength-to-weight ratio and corrosion resistance.

At the same time, the titanium market is structurally bifurcated: TiO₂ pigment dominates mined titanium flows, while defense and aerospace rely on titanium metal supply chains that are sensitive to geopolitics and processing constraints. Project Blue (as reported by MINING.com) notes that over 90% of mined titanium is processed into pigment, and that near-term vulnerability centers on aerospace-grade titanium sponge capacity and certification, rather than mineral availability alone. The same report highlights titanium supply-chain concentration risks, stating Russia remains a leading source of aerospace-grade titanium and that China’s share of global titanium metals has increased sharply in recent years.

Titanium market growth tailwinds

Third-party market research distributed via openPR (DataM Intelligence) forecasts the global titanium market could grow from US$30.34 billion (2024) to US$52.52 billion by 2032 (CAGR 7.10%), citing demand drivers including aerospace, defense, automotive, and renewable energy; the same release indicates Asia-Pacific leads with 45% share. openPR.com

‘SAGA’s recent assays are truly exceptional, delivering long intervals of high-grade titanium, vanadium, and iron oxide mineralization—highlighting the immense potential of this district-scale oxide system. At Saga Metals, we’re committed to advancing Radar as a strategic source of titanium right here in Labrador, bolstering resilient, domestic supply chains to meet these urgent national security needs,’ stated Mike Stier, CEO & Director of Saga Metals.

Next steps at the Radar Project:

SAGA expects to receive additional assay results next week, with remaining results shortly thereafter, and plans to mobilize crews by mid-January to initiate the 2026 phase of the Trapper Zone MRE drill program.

Figure 1: Location of the Fall 2025 phase of drilling at Trapper Zone, showing the TMI of the 2025 Trapper Zone ground magnetic survey as well as the grid for the MRE drill program to be completed in 2026.

About the Radar Ti-V-Fe Property:

The Radar Property spans 24,175 hectares and hosts the entire Dykes River intrusive complex (~160 km²), a unique position among Western explorers. Geological mapping, geophysics, and trenching have already confirmed oxide layering across more than 20 km of strike length, with mineralization open for expansion.

Vanadiferous titanomagnetite (‘VTM’) mineralization at Radar is comparable to global Fe–Ti–V systems such as Panzhihua (China), Bushveld (South Africa), and Tellnes (Norway), positioning the Project as a potential strategic future supplier of titanium, vanadium, and iron to North American markets.

Figure 2: Radar Project’s prospective oxide layering zone validated over ~16 km strike length through Fall 2025 drilling, as shown on a compilation of historical airborne geophysics as well as ground-based geophysics in the Hawkeye and Trapper zones completed by SAGA in the 2024/2025 field programs. SAGA has demonstrated the reliability of the regional airborne magnetic surveys after ground-truthing and drilling in the 2024 and 2025 field programs.

Qualified Person

Paul J. McGuigan, P. Geo., is an Independent Qualified Person as defined under National Instrument 43-101 and has reviewed and approved the technical information disclosed in this news release.

Technical Information

Samples were cut by Company personnel at SAGA’s core facility in Cartwright, Labrador. Diamond drill core was sawed and then sampled in maximum 2 m intervals. Drill hole core diameter utilized was NQ.

Core samples have been prepared and analyzed at IGS laboratory facility in Montreal, Quebec. Blanks, duplicates, and certified reference standards are inserted into the sample stream to monitor laboratory performance. Crush rejects and pulps are kept and stored in a secured storage facility for future assay verification. The Company utilizes a rigorous, industry-standard QA/QC program.

Note: Market data is sourced from https://www.openpr.com/news/4334101/titanium-market-to-reach-usd-52-52-billion-by-2032-strong-7-10 and has not been independently verified by SAGA. Mining.com released an article on January 2, 2026 referenced in this press release and is sourced from: https://www.mining.com/us-must-ramp-up-titanium-capacity-to-avoid-squeeze-project-blue-founder-says/

About Saga Metals Corp.

Saga Metals Corp. is a North American mining company focused on the exploration and discovery of a diversified suite of critical minerals that support the North American transition to supply security. The Radar Ti-V-Fe Project comprises 24,175 hectares and entirely encloses the Dykes River intrusive complex, mapped at 160 km² on the surface near Cartwright, Labrador. Exploration to date, including a total of 4,250 m of drilling, has confirmed a large and mineralized layered mafic intrusion hosting vanadiferous titanomagnetite (VTM) and ilmenite mineralization with strong grades of titanium and vanadium.

The Double Mer Uranium Project, also in Labrador, covers 25,600 hectares and features uranium radiometrics that highlight an 18km east-west trend, with a confirmed 14km section producing samples as high as 0.428% U3O8. Uranium uranophane was identified in several areas of highest radiometric response (2024 Double Mer Technical Report).

Additionally, SAGA owns the Legacy Lithium Property in Quebec’s Eeyou Istchee James Bay region. This project, developed in partnership with Rio Tinto, has been expanded through the acquisition of the Amirault Lithium Project. Together, these properties cover 65,849 hectares and share significant geological continuity with other major players in the area, including Rio Tinto, Winsome Resources, Azimut Exploration, and Loyal Metals.

With a portfolio spanning key commodities critical to the clean energy future, SAGA is strategically positioned to play an essential role in critical mineral security.

On Behalf of the Board of Directors

Mike Stier, Chief Executive Officer

For more information, contact:

Rob Guzman, Investor Relations
Saga Metals Corp.
Tel: +1 (844) 724-2638
Email: rob@sagametals.com
www.sagametals.com

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

Cautionary Disclaimer
This news release contains forward-looking statements within the meaning of applicable securities laws that are not historical facts. Forward-looking statements are often identified by terms such as ‘will’, ‘may’, ‘should’, ‘anticipates’, ‘expects’, ‘believes’, and similar expressions or the negative of these words or other comparable terminology. All statements other than statements of historical fact, included in this release are forward-looking statements that involve risks and uncertainties. In particular, this news release contains forward-looking information pertaining to the Company’s Radar Project. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, environmental risks, limitations on insurance coverage, inherent risks and uncertainties involved in the mineral exploration and development industry, particularly given the early-stage nature of the Company’s assets, and the risks detailed in the Company’s continuous disclosure filings with securities regulations from time to time, available under its SEDAR+ profile at www.sedarplus.ca. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements only as expressly required by applicable law.

Photos accompanying this announcement are available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e21bb951-27c0-4b42-8a84-30fb2b2317f1 

https://www.globenewswire.com/NewsRoom/AttachmentNg/46a5c706-d557-4027-bbbe-ec9278c19754

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