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February 11, 2026

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Nine Mile Metals LTD. (CSE: NINE,OTC:VMSXF) (OTC Pink: VMSXF) (FSE: KQ9) (the ‘Company’ or ‘Nine Mile’) is pleased to provide the details of drill hole WD-25-05 in addition to a summary of the 2025 drill program completed in December at the Wedge Project.

Drillhole WD-25-05:

DDH WD-25-05 collared on the same drill pad as WD-25-01 and drilled at an azimuth of 310 degrees and a dip of -60 to a final depth of 275 meters.

  • DDH-WD-25-05 was successful, intersecting massive VMS (Cu, Pb, Zn, Ag, Au) mineralization between 155.52 – 157.80 meters (Figure 1) followed by 40 meters of mineralized felsic volcanics (rhyolite) as seen in Figure 2 between 157.80 and 197.80 meters before terminating in sediments.
  • Mineralization consisted of both pyrite and chalcopyrite as disseminations, masses, and associated with quartz bands parallel to bedding.
  • All drill core has been measured, logged, photographed, marked, and cut for sampling at the company’s warehouse in Bathurst, New Brunswick. A quick XRF analysis was also completed for sulphide confirmation – filtering and width identification in definition for sampling core for Actlabs Analysis. A total of 55 sections were delivered to ALS Global in Moncton, New Brunswick for Base and Precious Metals analysis, including Antimony.

FIGURE 1: Brecciated contact between Graphitic Shear and VMS Mineralization.

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FIGURE 2: Banded pyrite and chalcopyrite within siliciifed felsic volcanics

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Drill Holes BHEM -01 and BHEM-02:

Both drill holes were collared on permitted drill pads in the northwest along the western extension (Figure 4). The drill core for both BHEM-01 and BHEM-02 were solid with minimal faulting / fracturing in the host sediments providing ideal drill holes for surveying and subsequent follow up. Collared outside of known mineralization, the holes are well positioned to locate and model adjacent mineralization with no interference from a conductive source within the drill hole. Both holes are capped and easily accessible, the drill pads available for extending drilling further west and if required, additional depth.

FIGURE 3: Drilling BHEM – 01 in Northwest Area

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Gary Lohman, VP Exploration, Director stated, ‘Our Wedge Drill Program has been very successful, intersecting Massive Cu bearing VMS where targeted in the western extension of the Wedge Deposit, as designed. Two holes were also drilled in the Northwest area to facilitate an upcoming BHEM survey, their locations in solid rock on the flanks of previous underground workings. In addition to identifying additional mineralization, the size and scale of the individual geological units and results from the upcoming BHEM program will assist in modeling the deposit and targeting additional drilling along the western extension. After our successful drilling in the southern lower extension of the deposit, our knowledge of the deposit and mineralization has increased and identified new areas of priority that were not permitted for this past drill program. We have identified new drill collar locations to continue to test the Copper Zone on the western extension in addition to potential locations that avoid the shear zone in the south. New permitting is underway in preparation of an exciting 2026 campaign at the Wedge, including our West Wedge and Tribag Target Trend drill programs.’

2025 Drill Program Overview:

The program consisted of 7 drill holes totaling 1,654 meters with 5 holes targeting copper mineralization in the western extension of the Wedge Mine with two additional holes collared in the northwest to facilitate BHEM (Bore Hole Electromagnetic) surveying this spring. The goal is to map the depth of the deposit and define the new copper zone. We should also be able to map the western parameters of the deposit, heading west towards the Tribag and West Wedge along trend.

The 2025 drill program was highly successful, with all five drill holes targeting copper mineralization intersecting both massive VMS (Cu, Pb, Zn, Ag, Au) and banded copper sulphide mineralization. The two holes collared to facilitate BHEM geophysical surveying were also successful, collared in the northwest portion of the western extension, away from the large, graphitic shear zone that bounds the deposit in the south and west of the interpreted extent of previous, underground workings. BHEM surveying has its best results when drilled away from the mineralization and the magnetic interference.

The five drill holes targeting mineralization were all collared in the southwest, crossing through a brecciated, graphitic shear zone (tectonic melange) before intersecting a well-defined massive VMS (Cu, Pb, Zn, Ag, Au) horizon. This is characteristic of the mineralized contact after which a sequence of intercalated sediments and volcanics are cut prior to the holes intersecting the main zone of VMS mineralization with mineralized widths between 13 and 48 meters.

The VMS mineralization consisted of abundant pyrite and lesser chalcopyrite, sphalerite, and galena. Local, secondary copper, covellite (CuS) and bornite (Cu5FeS4), was also identified in drill holes WD-25-02 and WD-25-04.

In the west, the metal zonation appears different than the drill holes completed in the east with the prevalence of a greater concentration of chalcopyrite and pyrite with lesser galena (Pb) and sphalerite (Zn). Although it is early in the process, we have confirmed the presence abundant chalcopyrite and coarser grained pyrite in the western extension.

The key observations in this program include:

  • Graphitic Shear Zone in contact with VMS confirmed as a diagnostic marker horizon in the southwest.
  • Mineralized siliceous volcanics were intersected in numerous drill holes, defining an additional, mineralized sequence.
  • VMS mineralization occurs in multiple horizons as seen in holes WD-25-01 and WD-25-02.
  • The intersected units (Argillite, VMS and Felsic Volcanics) are of substantial width and extent which will assist in the 3D modeling of the deposit and subsequent drill hole targeting.

Patrick J Cruickshank, MBA, CEO & Director, stated, ‘We are thrilled with the success of our Wedge Phase 2 Drill Program. To have all 5 holes strike mineralization was more than we expected. It is a testament to our Technical Team and specifically, Mike Dufresne and Gary Lohman. We already have identified Phase 3 Drill holes and are determined more than ever to expand this deposit’s footprint and expose this entire new 3rd High Grade Copper Lens. In addition, the BHEM surveys, the Phase 3 Wedge Drilling, the TriBag & West Wedge drilling to test this VMS Cluster Trend, 2026 will be filled with Wedge Project activity. We expect our first Assays to arrive this week from ALS Global and look forward to sharing the results.’

FIGURE 4: Drill Hole Locations, WD-25-05, BHEM-01, BHEM-02

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All drill core has been measured, logged, photographed, marked, and cut for sampling at the company’s warehouse in Bathurst, New Brunswick. A quick XRF analysis was also completed for sulphide confirmation – filtering and width identification in definition for sampling core for ALS Global. A total of (57) samples in Hole WD-25-05 have been identified for Base and Precious Metals analysis, including Antimony, and have been shipped to ALSGlobal, Moncton, New Brunswick for Rush processing.

The disclosure of technical information in this news release has been prepared in accordance with Canadian regulatory requirements as set out in National Instrument 43-101 – Standards of Disclosure for Mineral Projects (‘NI 43-101’) and reviewed and approved by Gary Lohman, B.Sc., PGO., VP Exploration and Director who acts as the Company’s Qualified Person, and is not independent of the Company.

About Nine Mile Metals Ltd.:

Nine Mile Metals Ltd. is a Canadian public mineral exploration company focused on VMS (Cu, Pb, Zn, Ag and Au) exploration in the world-famous Bathurst Mining Camp, New Brunswick, Canada. The Company’s primary business objective is to explore its four VMS Projects: Wedge VMS Project, Nine Mile Brook VMS Project, California Lake VMS Project, and the Canoe Landing Lake (East – West) VMS Project. The Company is focused on Critical Minerals Exploration (CME), positioning for the boom in EV and green technologies requiring Copper, Silver, Lead and Zinc with a hedge with Gold.

Social Media

X: @NineMileMetals
LinkedIn: Nine Mile Metals
Facebook: @ Nine Mile Metals

ON BEHALF OF Nine Mile Metals LTD.

‘Patrick J Cruickshank, MBA’
CEO and Director
T: +1.506-800-0581
E: info@ninemilemetals.com

This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of Nine Mile. Forward-looking information is based on certain key expectations and assumptions made by the management of Nine Mile. In some cases, you can identify forward-looking statements by the use of words such as ‘will,’ ‘may,’ ‘would,’ ‘expect,’ ‘intend,’ ‘plan,’ ‘seek,’ ‘anticipate,’ ‘believe,’ ‘estimate,’ ‘predict,’ ‘potential,’ ‘continue,’ ‘likely,’ ‘could’ and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Forward-looking statements in this press release include that (a) prior to commencing the 2023 exploration drill program, the ground will be mapped at surface and representative samples analyzed to determine the base and precious metal assay values, (b) the Ag and Au values will be reported upon receipt of the certified assay results from ALS Global, and (c) our current financial raise will enable us to drill the Wedge Project (along with our Canoe Landing VMS Project and follow up exploration work on our California Lake VMS Project) this season as opposed to next year. Although Nine Mile believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Nine Mile can give no assurance that they will prove to be correct.

The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.

____________________________________________________________________________________

The Canadian Venture Building, 82 Richmond Street East, Toronto, ON M5C 1P1 (T) (506) 804-6117
www.ninemilemetals.com

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Flow Metals Corp. (CSE: FWM) (‘Flow Metals’ or the ‘Company’) is pleased to report that it has entered into an option agreement dated February 9, 2026 (the ‘Option Agreement’) with Go Metals Corp. (‘Go Metals’) to acquire the Monster IOCG project (the ‘Monster Project’), located approximately 90 kilometres north of Dawson City in the traditional territory of the Tr’ondek Hwech’in First Nation.

‘The acquisition of the Monster Project represents a Tier 1-scale opportunity and positions Flow Metals with meaningful exposure to both gold and copper. Our team has long believed in the Yukon’s exceptional mineral potential since we began working in the region in 2010, and the Monster Project marks a pivotal step in building a premier exploration portfolio,’ said Scott Sheldon, CEO of Flow Metals.

Monster Property, Yukon – IOCG Exploration Target

The Monster Property is a discovery-stage copper exploration project in Yukon, with percent-level copper and cobalt mineralization identified in surface showings. Exploration has identified geological features and metal associations consistent with iron oxide copper-gold (‘IOCG’) style systems.

Copper-cobalt showings have been identified over approximately 14 km of strike, defining a mineralized corridor. Grab samples have returned percent-level copper values, including results up to 22.3% Cu and 9.6% Co. To date, 45 grab samples across the project met the strongly mineralized threshold. These occurrences are spatially associated with both magnetic and gravity anomalies. Three main targets have been identified: Bloom, Arena, and Beast, ranging between 1,300 and 3,500 metres in width. Selected samples from these targets are summarized in the tables below. Grab samples are selective by nature and may not represent average grades of mineralized zones.

Parts of the property are underlain by rocks of the Wernecke Breccia, a regionally extensive Paleoproterozoic (~1.8 Ga) iron oxide-rich breccia system. The rocks are characterized by extensive fracturing, brecciation, and iron oxide alteration developed over kilometre-scale zones and are interpreted to record repeated fluid movement through the crust. The resulting fracture networks provide permeable pathways capable of focusing metal-bearing fluids.

A 2021 percussion drilling program was limited by a drill booster failure but intersected 0.72% Cu over 5.0 feet within hematite-chlorite altered breccia interpreted as IOCG-style mineralization. These results confirmed subsurface mineralization, even though the drill hole ended short of the inverted gravity anomaly. True widths and continuity are unknown, and further drilling is required to test the three main gravity anomalies.

Bloom Target (1.9 km²) selected grab sample highlights:

Sample ID Cu (%) Co (%) Au (g/t) Ag (g/t)
J20-22 3.19 0.39 0.11 11.31
J23-32 0.46 9.61 1.17 1.47
H10 1.21 2.41 0.57 4.29
19MOH-052 1.88 0.01 0.01 21.08
19MOH-022 1.70 0.20 0.14 2.80

 

 A total of 28 samples at Bloom met the Company’s strongly mineralized threshold.

Arena Target (5.1 km²) selected grab sample highlights:

Sample ID Cu (%) Co (%) Au (g/t) Ag (g/t)
19MOJA-09 7.31 0.01 0.03 8.54
19MO-047 6.10 0.56 0.52 15.20
J48 3.81 0.01 0.02 53.52
J35 0.19 2.96 0.49 0.29
19MO-063 0.22 1.11 0.30 0.29

 

A total of 21 samples at Arena met the Company’s strongly mineralized threshold.

Beast Target (2.4 km²) selected grab sample highlights:

Sample ID Cu (%) Co (%) Au (g/t) Ag (g/t)
19MO-015 2.72 0.00 0.16 2.31
19MOH-015 22.33 0.00 0.01 0.28
M18-38 0.80 0.00 0.00 0.07
M18-39 0.82 0.00 0.00 0.08

 

A total of 4 samples at Beast met the Company’s strongly mineralized threshold.

Option Agreement – Monster Project

Pursuant to the Option Agreement, Flow Metals may acquire a 100% interest in the Monster Project by completing the following payments and share issuances (collectively, the ‘Option Consideration’):

  • 3,000,000 common shares of Flow Metals, payable within 10 business days of receipt of all required approvals and CSE acceptance;

  • 3,000,000 common shares of Flow Metals on the one year anniversary of the execution date;

  • $2,000,000, payable on the 120th day of commercial production; and

  • Go Metals will retain a 2% net smelter return royalty (‘NSR’) on the Monster Project.

The transaction constitutes a ‘related party transaction’ for the purposes of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (‘MI 61-101’), as certain directors and/or officers of the Company are also directors and/or officers of Go Metals. The Company will comply with applicable requirements of MI 61-101 in connection with the transaction.

The transaction is exempt from the valuation and minority approval requirements of MI 61-101 pursuant to sections 5.5(a) and 5.7(1)(a), as the fair market value of the transaction is not more than 25% of Flow Metals’ market capitalization. Further, Evans & Evans has been retained to provide a fairness opinion to the board of directors of Go Metals in connection with the transaction. The fairness opinion is expected to address the fairness, from a financial point of view, of the transaction to Go Metals and is not a formal valuation.

Sixtymile Project

The Sixtymile district is a historic placer gold camp that has produced gold since the 1890s and remains active today. Ongoing placer operations continue to recover angular and crystalline gold, which is interpreted to indicate a nearby bedrock source. Flow Metals’ mineral claims cover key placer-producing drainages, including Bedrock, Miller, Glacier, and Little Gold creeks. The claims lie within a thrust-related deformation corridor extending at least nine kilometres across the property, which is interpreted to have acted as a major structural conduit for mineralizing fluids.

Recent geological reinterpretation, based on detailed re-logging of historic drill hole DDH-11-18, has identified a folded metasedimentary (turbidite) sequence within the host schist. Gold-bearing quartz veins are interpreted to occur preferentially within competent, quartz-rich layers that have been folded into antiformal geometries within the structural corridor. Historical drilling intersected 105.30 m at 0.51 g/t Au from 88.0 m, including 24.07 m at 1.57 g/t Au in DDH-11-18*. This refined, fold-controlled model provides a focused framework for targeting higher-grade shoots within deformed, quartz-rich horizons.

*These results are historical in nature, have not been independently verified by the Company, and should not be relied upon as a current estimate of mineralization.

About Flow Metals

Flow Metals group has maintained an active presence in the Yukon since 2018, building deep technical expertise and local relationships across the territory. Flow Metals has established a trusted network of experienced contractors and strong working relationships with both territorial and First Nation governments, providing the Company with a solid foundation to efficiently advance exploration projects in the North.

Qualified Person

Harley Slade, P. Geo., is the Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects and has reviewed and approved the technical information contained in this news release. Mr. Slade is Flow Metals Vice President of Exploration and a director of the Company.

For further information, please contact:

Scott Sheldon, President
604.725.1857
scott@flowmetals.com

Forward-Looking Information

This news release contains ‘forward-looking information’ within the meaning of applicable Canadian securities laws. Forward-looking information includes, but is not limited to, statements regarding: the completion of the transaction contemplated by the Option Agreement, including the timing of, and the Company’s ability to obtain, all required approvals; the Company’s ability to satisfy the conditions required to earn its interest in the Monster Project and the timing of any option payments, share issuances, milestone payments or other consideration; the exploration potential of the Monster Project and the Sixtymile Project; the Company’s planned exploration and development activities, including the scope, timing and results of future work programs and any future drilling; and other future plans, expectations, objectives or intentions of the Company.

Forward-looking information is based on assumptions that the Company believes are reasonable as of the date hereof, including assumptions regarding: the parties’ ability to satisfy the terms and conditions of the Option Agreement; the receipt of all required regulatory, third-party and exchange approvals, as applicable; the Company’s ability to obtain financing on acceptable terms, as required, to fund future exploration and development; the Company’s ability to access the properties and carry out planned work programs; the availability of contractors, equipment and other resources required to conduct exploration activities; and general business, economic and commodity price conditions.

Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from those expressed or implied by such forward-looking information. These risks and uncertainties include, among others: the risk that required approvals may not be obtained on a timely basis or at all; the risk that the transaction contemplated by the Option Agreement may not be completed as contemplated or at all; the risk that the Company may not satisfy the conditions required to earn its interest in the Monster Project; risks inherent in exploration and development, including that exploration results may not be indicative of future results; operational and technical risks; changes in project parameters as plans continue to be refined; commodity price fluctuations; market volatility; and other risks described in the Company’s public disclosure documents available under the Company’s profile on SEDAR+.

Readers are cautioned not to place undue reliance on forward-looking information. All forward-looking information contained in this release is made as of the date of this release, and the Company disclaims any intent or obligation to update or revise any forward-looking information, whether as a result of new information, future events, or otherwise, except as required by applicable securities laws.

The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this news release.

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Locksley Resources Limited (ASX: LKY; OTCQX: LKYRFADR: LKYLY) announced a major new target zone revealed by underground mapping at its Desert Antimony Mine (DAM), part of the company’s Mojave Project.

This notable finding, the Beefeater Shear, is a shear zone corridor mapped at widths of up to 10-15 meters and a result of a comprehensive Stage III technical review focusing on the Northern Block. This included high-resolution underground mapping at the DAM and regional structural analysis. More information can be found here: https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-03054294-6A1311088&v=undefined.

‘Locksley’s geology team considers Beefeater to share the same structural timing and kinematic history as the DAM mineralized vein system to the West,’ said Kerrie Matthews, Managing Director and CEO of Locksley. She added that these insights along with the validation of project-wide radiometric targets, pave the way for targeted sampling and drilling to confirm mineralization and economic potential. ‘This allows us to focus on extensions with greater certainty,’ she said, noting that by mapping the underground workings at DAM the company has essentially ‘unlocked’ the geometry of the system.

‘We now see exactly how high-grade, mineralized blocks have been created by later structural events,’ she affirmed adding the identification of the 10-15 meter Beefeater Shear provides Locksley with a new exploration target that can increase the exploration pipeline of critical mineral projects on the Mojave claims. ‘We look forward to receiving assays from the various surface and underground sampling,’ she said.

Locksley Resources (https://www.locksleyresourcescom.au) is focused on critical minerals in the U.S. The company is actively advancing the Mojave Project in California, targeting rare earth elements (REEs) and antimony. Locksley is executing a mine-to-market strategy for antimony, aimed at reestablishing domestic supply chains for critical materials, underpinned by strategic downstream technology partnerships with leading U.S. research institutions and industry partners. This targeted approach, combined with resource development with innovative processing and separation technologies, positions Locksley to play a role in advancing U.S. critical materials independence.

Contact: Beverly Jedynak, beverly.jedynak@viriathus.com, 312-943-1123; 773-350-5793

 

View original content:https://www.prnewswire.com/news-releases/locksley-resources-underground-mapping-reveals-major-new-target-boosting-high-grade-antimony-potential-at-its-mojave-project-desert-antimony-mine-302683981.html

SOURCE Locksley Resources

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As governments scramble to secure supplies of rare earth elements, a new engineering study from Malaysia has cast fresh light on why China continues to dominate one of the most critical parts of the supply chain—processing.

The research zeroes in on what many industry insiders already regard as the hardest step in rare earth production: separating neodymium and praseodymium to the ultra-high purity levels required for permanent magnets.

Rare earth elements tend to occur in clusters and behave almost identically at the chemical level. Neodymium and praseodymium, two of the most important inputs for high-performance magnets, sit next to each other on the periodic table.

This proximity makes them extremely difficult to separate cleanly. Even with viable ore, the separation step is so complex and capital-intensive that it continues to favor countries like China that already operate such systems at scale.

What makes this phase more complex, according to the research, is that separating neodymium from praseodymium to magnet-grade purity requires an extraordinary number of repetitions.

Their modeled plant design calls for roughly 62 equilibrium stages, compared with as few as 16 stages for earlier, bulk separations. In practical terms, this means that a facility capable of producing magnet-grade material must be vast, expensive, and technically sophisticated.

Loosening the grip

China’s dominance stems largely from its ability to meet this requirement at industrial scale. While the country accounts for about 60 percent of global rare earth mining, it processes close to 90 percent of the world’s supply.

That dominance did not happen by accident. After acquiring early separation know-how from France in the 1980s, China spent decades refining solvent extraction techniques, training engineers, and scaling plants far beyond what most countries were willing or permitted to build.

Today, China produces roughly 70,000 metric tons of refined rare earths per year. It also controls nearly all processing of heavy rare earth elements, which are even more difficult to separate and are critical for high-temperature and defense applications.

Thus, the Malaysian study reinforces why that advantage persists. It shows that even when geology is favorable, processing remains the true barrier to entry.

This reality has sharpened concerns in the US and its allies, especially as China has shown a willingness to use rare earths as a geopolitical tool.

In 2010, Beijing restricted exports to Japan during a diplomatic dispute. In 2023, it imposed global restrictions on the export of rare earth processing and separation technologies, making it harder for competitors to build midstream capacity.

Those moves have heightened urgency in Washington. Rare earths are essential to modern defense systems, from fighter jets and submarines to precision-guided munitions, as well as to electric vehicles and consumer electronics.

Despite being the world’s second-largest rare earth producer, most material mined domestically has historically been sent to China for separation. Until recently, the country lacked commercial-scale facilities capable of turning ore into finished magnet materials.

This is the reality that the rest of the world is trying to slowly change. Since 2020, the US Department of Defense has committed hundreds of millions of dollars to rebuilding a “mine-to-magnet” supply chain, with projects concentrated largely in Texas.

These include light and heavy rare earth separation plants, metal and alloy production, and permanent magnet manufacturing.

Even so, near-term capacity remains small relative to China’s. New facilities will take years to ramp up, and most focus initially on light rare earths rather than the heavier elements where China’s dominance is nearly absolute.

From Project Vault to Africa: US accelerates rare earth supply chain strategy

The United States is stepping up efforts to diversify rare earth supply beyond China, backing early-stage projects aimed at strengthening non-Chinese production and processing capacity.

One such move came in February, when the US Trade and Development Agency (USTDA) confirmed its intention to support Altona Rare Earths’ (LSE:REE) Monte Muambe rare earths project in Mozambique.

The announcement was made by USTDA Deputy Director and Chief Operating Officer Thomas Hardy during a high-level forum on US support for critical mining projects in sub-Saharan Africa, attended by Altona executives.

USTDA’s support is expected to help define the technical and financial development pathway for Monte Muambe, which hosts rare earth elements used in permanent magnets, defence systems and energy transition technologies. The backing remains subject to the execution of a formal grant agreement.

The commitment aligns with broader US initiatives aimed at reshaping critical mineral supply chains, including recent announcements tied to Project Vault — Washington’s effort to secure strategic reserves and reduce reliance on Chinese-dominated processing and refining. It also coincides with the launch of the Forum on Resource Geostrategic Engagement (FORGE), unveiled at the 2026 Critical Minerals Ministerial as a platform to mobilise capital and diplomatic support for resilient mineral supply networks.

While Monte Muambe remains at an early stage, Altona is also awaiting assay results from recent fluorspar and gallium drilling, which the company believes could further enhance the project’s strategic appeal. Fluorspar is a key industrial mineral used in steelmaking, chemicals and battery supply chains, areas where China also holds significant market share.

Taken together, the US backing of Monte Muambe underscores how governments are increasingly using policy tools, financing support and strategic partnerships to counterbalance China’s continued dominance in rare earth processing, a reality highlighted in the recent Malaysian report.

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

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VANCOUVER, BC / ACCESS Newswire / February 10, 2026 / Earthwise Minerals Corp. (CSE:WISE,OTC:HWKRF)(FSE:966) (‘Earthwise‘ or the ‘Company‘) is pleased to announce that it has completed its non-brokered private placement financing (the ‘Offering‘) announced January 30, 2026. The Company has raised gross proceeds of $601,804.49 by issuing a total of 17,194,414 non-flow through units (‘NFT Units’) at a price of $0.035 per unit.

Each NFT Unit shall consist of one common share in the authorized share structure of the Company (‘NFT Share’) and one common share purchase warrant (‘NFT Warrant’). Each NFT Warrant will entitle the holder thereof to purchase one common share at an exercise price of $0.05 for a period of 36 months from the date of issuance. The Company issued 17,194,414 NFT warrants in the Offering.

The Company intends to use the net proceeds from the Offering for general working capital and exploration at the Iron Range Gold Project.

No Finders’ fees were paid in connection with the Offering. In accordance with applicable Canadian securities laws, all securities issued pursuant to the Offering will have a hold period of four months and one day from the date of issuance.

In connection with the Offering, Karen Mate, the Company’s director, acquired 337,143 NFT Units (the ‘Insider Subscription’). The Insider Subscription constituted a ‘related party transaction’ within the meaning of the policies of the Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (‘MI 61-101’), but was exempt from the formal valuation and minority shareholder approval requirements pursuant to sections 5.5(a) and 5.7(1)(a), respectively, of MI 61-101 on the basis that neither the fair market value of shares subject to the Insider Subscription nor the consideration paid in connection with the Insider Subscription exceeded 25% of the Company’s market capitalization calculated in accordance with MI 61-101. A material change report was not filed more than 21 days prior to closing of the Offering because the Insider Subscription was not finalized until shortly prior to the completion of the Offering.

None of the securities issued in connection with the Offering will be registered under the United States Securities Act of 1933, as amended (the ‘1933 Act‘), and none of them may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act. This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of the securities in any state where such offer, solicitation, or sale would be unlawful.

Change in Management

Earthwise Minerals Corp. is very pleased to make significant additions to our team. Karen Mate has joined the Board of Directors and Andy Randell has joined the newly created Advisory Board as Geological Advisor to our team.

Karen Mate

Karen Mate is a senior capital markets professional with more than 30 years of experience in the Canadian investment industry, including extensive leadership roles within institutional equity sales and capital markets advisory.

Over her career, Karen held senior positions at several of Canada’s leading investment banks, including Director, Global Institutional Equity Sales at Scotia Capital, and senior leadership roles at Casimir Capital, Dundee Capital Markets, Marleau Lemire Securities, and National Bank Financial. She built a reputation as a trusted advisor to institutional investors and corporate management teams across multiple market cycles.

Karen has been directly involved in raising approximately $1 billion in equity capital, with a particular focus on the natural resources sector. Her experience spans equity financings, strategic positioning, investor communications, and corporate development for publicly listed companies.

In 2016, Karen founded Capital Markets Advisory CA, where she now advises Canadian junior mining companies on capital raising, strategic communications, corporate development, and market strategy. She brings deep expertise in equity capital markets, management oversight, risk assessment, and investor relations, supported by an extensive network of long-standing institutional and industry relationships.

As a Director of Earthwise Minerals, Karen provides capital markets insight, strategic oversight, and governance support as the Company advances its exploration programs and long-term growth objectives.

Andy Randell, P.Geo

Andy Randell is a professionally registered geoscientist with more than 20 years of experience across mineral exploration, technical leadership, consulting, and industry governance.

Andy has held senior geological roles on gold-focused exploration projects in Canada and internationally, including positions as Project Geologist and Chief Geologist. His experience spans grassroots exploration through advanced-stage projects, with a strong emphasis on structural geology, disciplined targeting, and responsible exploration practices.

In addition to his operational experience, Andy is the Founder of SGDS Hive, a geoscience consultancy that advises exploration and mining companies globally on technical evaluation, project strategy, and exploration best practices.

Andy is an active contributor to the Canadian mineral exploration and professional geoscience community. He currently serves on the Board of Directors of the Association for Mineral Exploration (AME) and is the Chair of a newly formed advocacy body within Engineers and Geoscientists British Columbia (EGBC). He has also taught senior-level university courses in Indigenous relations, sustainability, and mining law and ethics.

Andy is the Founder of Aeonian Resources Corp. and was awarded the Bedford Young Mining Professional Award by the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) in recognition of his contributions to the industry.

As Geological Advisor to Earthwise Minerals, Andy provides independent technical insight and strategic guidance to support the Company’s exploration programs and long-term development objectives.

Solomon Kasirye

Earthwise Minerals announces the resignation of Mr. Solomon Kasirye as director of the Company, effective immediately. Earthwise wishes to thank Mr. Kasirye for his contributions to the Company.

About Earthwise Minerals

Earthwise Minerals Corp. (CSE:WISE,OTC:HWKRF)(FSE:966) is a Canadian junior exploration company focused on advancing the Iron Range Gold Project in southeastern British Columbia near Creston, B.C. The Company holds an option to earn up to an 80% interest in the fully permitted project, which is road-accessible and situated within a prolific mineralized corridor. The property covers a 10 km x 32 km area along the Iron Range Fault System and hosts multiple high-grade gold showings and large-scale geophysical and geochemical anomalies.

For more information, visit www.earthwiseminerals.com.

Earthwise Minerals Corp.,
ON BEHALF OF THE BOARD
‘Mark Luchinski’

Contact Information:
Mark Luchinski
Chief Executive Officer, Director
Telephone: (604) 506-6201
Email: luch@luchccorp.com

Forward Looking Statements

This news release includes statements that constitute ‘forward-looking information’ as defined under Canadian securities laws (‘forward-looking statements’) including, without limitation, statements respecting the Offering and the intended use of proceeds therefrom. Statements regarding future plans and objectives of the Company are forward looking statements that involve various degrees of risk. Forward-looking statements reflect management’s current views with respect to possible future events and conditions and, by their nature, are subject to known and unknown risks and uncertainties, both general and specific to the Company. Although the Company believes the expectations expressed in its forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance, and actual outcomes may differ materially from those in forward-looking statements. Additional information regarding the various risks and uncertainties facing the Company are described in greater detail in the ‘Risk Factors’ section of the Company’s annual management’s discussion and analysis and other continuous disclosure documents filed with the Canadian securities regulatory authorities which are available at www.sedarplus.ca. The Company undertakes no obligation to update forward-looking information except as required by applicable law. The reader is cautioned not to place undue reliance on forward-looking statements.

For more information, please contact Mark Luchinski, Chief Executive Officer and Director, at luch@luchccorp.com or (604) 506-6201.

SOURCE: Earthwise Minerals Corp.

View the original press release on ACCESS Newswire

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LOS ANGELES — The world’s biggest social media companies face several landmark trials this year that seek to hold them responsible for harms to children who use their platforms. Opening statements for the first, in Los Angeles County Superior Court, begin this week.

Instagram’s parent company Meta and Google’s YouTube will face claims that their platforms deliberately addict and harm children. TikTok and Snap, which were originally named in the lawsuit, settled for undisclosed sums.

“This was only the first case — there are hundreds of parents and school districts in the social media addiction trials that start today, and sadly, new families every day who are speaking out and bringing Big Tech to court for its deliberately harmful products,” said Sacha Haworth, executive director of the nonprofit Tech Oversight Project.

At the core of the case is a 19-year-old identified only by the initials “KGM,” whose case could determine how thousands of other, similar lawsuits against social media companies will play out. She and two other plaintiffs have been selected for bellwether trials — essentially test cases for both sides to see how their arguments play out before a jury and what damages, if any, may be awarded, said Clay Calvert, a nonresident senior fellow of technology policy studies at the American Enterprise Institute.

It’s the first time the companies will argue their case before a jury, and the outcome could have profound effects on their businesses and how they will handle children using their platforms.

KGM claims that her use of social media from an early age addicted her to the technology and exacerbated depression and suicidal thoughts. Importantly, the lawsuit claims that this was done through deliberate design choices made by companies that sought to make their platforms more addictive to children to boost profits. This argument, if successful, could sidestep the companies’ First Amendment shield and Section 230, which protects tech companies from liability for material posted on their platforms.

“Borrowing heavily from the behavioral and neurobiological techniques used by slot machines and exploited by the cigarette industry, Defendants deliberately embedded in their products an array of design features aimed at maximizing youth engagement to drive advertising revenue,” the lawsuit says.

Executives, including Meta CEO Mark Zuckerberg, are expected to testify at the trial, which will last six to eight weeks. Experts have drawn similarities to the Big Tobacco trials that led to a 1998 settlement requiring cigarette companies to pay billions in health care costs and restrict marketing targeting minors.

“Plaintiffs are not merely the collateral damage of Defendants’ products,” the lawsuit says. “They are the direct victims of the intentional product design choices made by each Defendant. They are the intended targets of the harmful features that pushed them into self-destructive feedback loops.”

The tech companies dispute the claims that their products deliberately harm children, citing a bevy of safeguards they have added over the years and arguing that they are not liable for content posted on their sites by third parties.

“Recently, a number of lawsuits have attempted to place the blame for teen mental health struggles squarely on social media companies,” Meta said in a recent blog post. “But this oversimplifies a serious issue. Clinicians and researchers find that mental health is a deeply complex and multifaceted issue, and trends regarding teens’ well-being aren’t clear-cut or universal. Narrowing the challenges faced by teens to a single factor ignores the scientific research and the many stressors impacting young people today, like academic pressure, school safety, socio-economic challenges and substance abuse.”

A Meta spokesperson said in a recent statement that the company strongly disagrees with the allegations outlined in the lawsuit and that it’s “confident the evidence will show our longstanding commitment to supporting young people.”

José Castañeda, a Google Spokesperson, said that the allegations against YouTube are “simply not true.” In a statement, he said, “Providing young people with a safer, healthier experience has always been core to our work.”

The case will be the first in a slew of cases beginning this year that seek to hold social media companies responsible for harming children’s mental well-being.

In New Mexico, opening statements begin Monday for trial on allegations that Meta and its social media platforms have failed to protect young users from sexual exploitation, following an undercover online investigation. Attorney General Raúl Torrez in late 2023 sued Meta and Zuckerberg, who was later dropped from the suit.

Prosecutors have said that New Mexico is not seeking to hold Meta accountable for its content but rather its role in pushing out that content through complex algorithms that proliferate material that can be harmful, saying they uncovered internal documents in which Meta employees estimate that about 100,000 children every day are subjected to sexual harassment on the company’s platforms.

Meta denies the civil charges while accusing Torrez of cherry-picking select documents and making “sensationalist” arguments. The company says it has consulted with parents and law enforcement to introduce built-in protections to social media accounts, along with settings and tools for parents.

A federal bellwether trial beginning in June in Oakland, California, will be the first to represent school districts that have sued social media platforms over harms to children.

In addition, more than 40 state attorneys general have filed lawsuits against Meta, claiming it is harming young people and contributing to the youth mental health crisis by deliberately designing features on Instagram and Facebook that addict children to its platforms. The majority of cases filed their lawsuits in federal court, but some sued in their respective states.

TikTok also faces similar lawsuits in more than a dozen states.

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