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Faraday Copper Signs LOI to Acquire BHP’s San Manuel Property in Arizona

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Faraday Copper (TSX:FDY,OTCQX:CPPKF) has signed a letter of intent (LOI) to acquire BHP’s (ASX:BHP,NYSE:BHP,LSE:BHP) San Manuel property, which sits next to its Copper Creek project in Arizona.

The company says the move will combine the two adjacent assets into a single US-focused copper district.

San Manuel includes the legacy San Manuel and Kalamazoo deposits, the former plant site, closed tailings facilities and surrounding BHP-owned land, along with related mineral rights, quarries and associated assets.

The mine operated between 1955 and 1999 as one of the largest underground copper mines in the US, producing more than 4.5 million metric tons of copper. Faraday will assume all environmental and closure liabilities tied to the property.

Copper Creek, which is located roughly 80 road kilometers northeast of Tucson and about 19 kilometers from San Manuel, is a porphyry copper project that is 100 percent owned by Faraday.

The firm released an updated resource estimate and a preliminary economic assessment in 2023.

The deposit remains open in all directions and hosts both breccia-hosted and vein-style mineralization. Faraday says significant exploration upside remains, with less than 15 percent of known breccia occurrences drill tested.

The proposed consolidation would add approximately 27,000 acres of private land and access to existing regional infrastructure. Faraday has also outlined a staged development concept prioritizing copper cathode production, followed by open-pit sulfides and later underground operations.

If completed, the transaction would see Faraday issue common shares to BHP equivalent to a 30 percent interest in the company on a fully diluted basis at closing.

BHP would also receive customary investor rights so long as it maintains a minimum shareholding.

“This agreement provides the opportunity for a transformative acquisition as it looks to consolidate two adjacent and complementary assets in the heart of the Arizona copper corridor at a time when sourcing of critical minerals within the USA is essential,” Faraday President and CEO Paul Harbidge said in a release.

“The combined project has the potential to become a multi-generational copper district delivering made-in-America copper, while providing significant economic opportunities to the local communities.”

For BHP, the deal would convert a legacy asset into a strategic equity position in a junior developer focused on US copper at a time when market participants are increasingly calling for a supply crunch.

The LOI includes a six month exclusivity period and a financing participation clause under which BHP has agreed to subscribe for 30 percent of any Faraday equity raise over the next 24 months, up to US$20 million.

Separately, Faraday recently announced a non-brokered private placement of up to C$100 million priced at C$4.20 per share. Strategic investors, including the Lundin Family Trusts and BHP, intend to participate.

The proceeds are earmarked primarily for advancing copper projects in Pinal County, including expenses related to the planned San Manuel acquisition.

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

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Eagle Energy Metals and Spring Valley Acquisition Corp. II Announce Closing of Business Combination

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Eagle Energy Metals Corp. (“Eagle”), a next-generation nuclear energy company with rights to the largest conventional, measured and indicated uranium deposit in the United States, today announced that it has completed its business combination with Spring Valley Acquisition Corp. II (OTC: SVIIF) (“SVII”), a special purpose acquisition company (the “Business Combination”). The Business Combination was approved by SVII shareholders in a special meeting held on February 23, 2026 and formally closed on February 24, 2026.

The new combined company will operate as “Eagle Nuclear Energy Corp.” (“Eagle Nuclear”). On February 25, 2026, Eagle Nuclear’s common stock and public warrants will begin trading on the Nasdaq under the ticker symbols “NUCL” and “NUCLW”, respectively.

Mark Mukhija, Eagle’s CEO, commented: “The completion of our business combination with SVII is the culmination of months of hard work and company development. The closing of this transaction marks another key milestone in our efforts to rebuild a secure domestic nuclear supply chain here in the United States. Anchored by our significant uranium deposit and SMR technology, we believe we are well positioned to restore American leadership in the nuclear industry at a time when AI, quantum computing, and cryptocurrency are driving unprecedented electricity demand. We are optimistic about the path ahead and look forward to addressing electricity demand and uranium market needs moving forward.”

Chris Sorrells, Chairman & CEO of SVII, added: “Today’s successful merger completion marks a significant milestone for our company, our shareholders and the future of the U.S. nuclear industry. Eagle is a unique partner, with significant domestic uranium capabilities that can directly respond to market demand, alongside record private investments in U.S. nuclear projects. We look forward to working closely with the Eagle team as they continue to address the need for domestic uranium production.”

Advisors

Cohen & Company Capital Markets, a division of Cohen & Company Securities, LLC, is the exclusive financial advisor, lead capital markets advisor and private placement agent to SVII. Greenberg Traurig, LLP is serving as legal counsel to SVII, and Nelson Mullins Riley & Scarborough LLP is serving as legal counsel to Eagle. Gateway Group is serving as investor relations and public relations advisor for the transaction.

About Eagle Energy Metals Corp.

Eagle Energy Metals Corp. is a next-generation nuclear energy company that combines domestic uranium exploration with proprietary Small Modular Reactor (SMR) technology. The Company holds the rights to the largest conventional, measured and indicated uranium deposit in the United States, located in southeastern Oregon. This includes the Aurora deposit, with 32.75Mlbs Indicated and 4.98Mlbs Inferred (SK-1300 TRS) of near-surface uranium resource, and the adjacent Cordex deposit, which offers significant potential to expand the project’s overall resource inventory. By integrating advanced SMR technology with a sizeable uranium asset, Eagle is building an integrated nuclear platform positioned to help restore American leadership in the global nuclear industry.

For more information about Eagle Energy Metals Corp., visit www.eagleenergymetals.com.

About Spring Valley Acquisition Corp. II

Spring Valley Acquisition Corp. II (“Spring Valley II”) is part of a family of investment vehicles formed for the purpose of acquiring or merging with a business focused on the Power Infrastructure and Decarbonization sectors. Over the past five years, Spring Valley has raised $920 million across four IPOs. Spring Valley II is led by Christopher D. Sorrells, Chief Executive Officer and Chairman, and Robert Kaplan, Chief Financial Officer and Head of Business Development. Spring Valley I successfully completed its business combination with NuScale Power (NYSE: SMR), a leading U.S. small modular reactor (“SMR”) technology company, and Spring Valley II successfully completed its business combination with Eagle Energy Metals, a next-generation nuclear energy company that combines domestic uranium exploration with proprietary SMR technology. Spring Valley III has announced a business combination with General Fusion, a global leader in fusion energy developing a differentiated, engineering-driven approach to commercial fusion power.

SVII maintains a corporate website at https://sv-ac.com.

Cautionary Note Regarding Forward-Looking Statements

Certain statements included in this press release are not historical facts but are forward-looking statements. All statements other than statements of historical facts contained in this press release are forward-looking statements. Any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are also forward-looking statements. In some cases, you can identify forward-looking statements by words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “expect,” “anticipate,” “believe,” “seek,” “strategy,” “future,” “opportunity,” “may,” “target,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” “preliminary,” or similar expressions that predict or indicate future events or trends or that are not statements of historical matters, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements include, without limitation, SVII’s, Eagle Nuclear’s, Eagle’s, or their respective management teams’ expectations concerning the Business Combination and expected benefits thereof; the outlook for Eagle’s or Eagle Nuclear’s business; the abilities to execute Eagle’s or Eagle Nuclear’s strategies; projected and estimated financial performance; anticipated industry trends; the future price of minerals; future capital expenditures; success of exploration activities; mining or processing issues; government regulation of mining operations; and environmental risks; as well as any information concerning possible or assumed future results of operations of Eagle or Eagle Nuclear. The forward-looking statements are based on the current expectations of the respective management teams of Eagle, Eagle Nuclear, and SVII, as applicable, and are inherently subject to uncertainties and changes in circumstance and their potential effects. There can be no assurance that future developments will be those that have been anticipated. These forward-looking statements involve a number of risks, uncertainties or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, (i) market risks; (ii) the effect of the Business Combination on Eagle’s business relationships, performance, and business generally; (iii) risks that the Business Combination disrupts current plans of Eagle and potential difficulties in its employee retention as a result of the Business Combination; (iv) the outcome of any legal proceedings that may be instituted against Eagle or SVII related to the Business Combination; (v) failure to realize the anticipated benefits of the Business Combination; (vi) the inability to maintain the listing of Eagle Nuclear’s securities on Nasdaq Capital Market or a comparable exchange; (vii) the risk that the price of Eagle Nuclear’s securities may be volatile due to a variety of factors, including changes in laws, regulations, technologies, natural disasters or health epidemics/pandemics, national security tensions, and macro- economic and social environments affecting its business; (viii) fluctuations in spot and forward markets for lithium and uranium and certain other commodities (such as natural gas, fuel oil and electricity); (ix) restrictions on mining in the jurisdictions in which Eagle operates; (x) laws and regulations governing Eagle’s operation, exploration and development activities, and changes in such laws and regulations; (xi) Eagle’s ability to obtain or renew the licenses and permits necessary for the operation and expansion of its existing operations and for the development, construction and commencement of new operations; (xii) risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, potential unintended releases of contaminants, industrial accidents, unusual or unexpected geological or structural formations, pressures, cave-ins and flooding); (xiii) inherent risks associated with tailings facilities and heap leach operations, including failure or leakages; the speculative nature of mineral exploration and development; the inability to determine, with certainty, production and cost estimates; inadequate or unreliable infrastructure (such as roads, bridges, power sources and water supplies); (xiv) environmental regulations and legislation; (xv) the effects of climate change, extreme weather events, water scarcity, and seismic events, and the effectiveness of strategies to deal with these issues; (xvi) risks relating to Eagle’s exploration operations; (xvii) fluctuations in currency markets; (xviii) the volatility of the metals markets, and its potential to impact Eagle’s ability to meet its financial obligations; (xix) disputes as to the validity of mining or exploration titles or claims or rights, which constitute most of Eagle’s property holdings; (xx) Eagle’s ability to complete and successfully integrate acquisitions; (xxi) increased competition in the mining industry for properties and equipment; (xxii) limited supply of materials and supply chain disruptions; (xxiii) relations with and claims by indigenous populations; (xxiv) relations with and claims by local communities and non-governmental organizations; and (xxv) the risk that other capital needed by Eagle Nuclear may not be raised on favorable terms, or at all. The foregoing list is not exhaustive, and there may be additional risks that neither SVII, Eagle, nor Eagle Nuclear presently know or that SVII, Eagle, and Eagle Nuclear currently believe are immaterial. You should carefully consider the foregoing factors, any other factors discussed in this press release and the other risks and uncertainties described in the “Risk Factors” section of the Form 10-K filed by SVII for the year ended December 31, 2024, the risks described in the registration statement on Form S-4 initially filed by Eagle Nuclear on September 30, 2025, and the definitive proxy statement / prospectus contained therein, and any amendments or supplements thereto, and those discussed and identified in other filings made with the SEC by SVII, Eagle Nuclear or Eagle from time to time, which may be found on the SEC’s website at www.sec.gov. Eagle, Eagle Nuclear, and SVII caution you against placing undue reliance on forward-looking statements, which reflect current beliefs and are based on information currently available as of the date a forward-looking statement is made. Forward-looking statements set forth in this press release speak only as of the date of this press release. Neither Eagle, SVII, nor Eagle Nuclear undertakes any obligation to revise forward-looking statements to reflect future events, changes in circumstances, or changes in beliefs. In the event that any forward-looking statement is updated, no inference should be made that Eagle Nuclear, Eagle or SVII will make additional updates with respect to that statement, related matters, or any other forward-looking statements.

Investor Relations Contact:

775-335-2029
info@eagleenergymetals.com

Media Relations Contact:

Gateway Group
Zach Kadletz, Brenlyn Motlagh
949-574-3860
EAGLE@Gateway-grp.com

Source

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Germany’s Medical Cannabis Boom: Data-Driven Insights for Investors

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Germany’s medical cannabis market exploded in 2025, with prescriptions surging 3,300 percent from March 2024 to December 2025, per Bloomwell Group’s Cannabis Barometer.

That’s according to Niklas Kouparanis and Dr. Julian Wichmann, co-founders of the Bloomwell Group, a Frankfurt-based cannabis company that operates Germany’s largest digital platform for medical cannabis.

According to the report’s authors, this environment is setting the stage for Germany’s medical cannabis market to quickly become one of the largest in Europe.

Reform fuels cannabis growth in Germany

Bloomwell’s review, built on anonymized real-world data from hundreds of thousands of self-paying patient prescriptions filled via its app, e-prescriptions and partner pharmacies from January 2024 to December 2025, shows Germany’s medical cannabis market saw a 3,300 percent surge in prescriptions by December 2025 compared with March 2024, the final month before medical cannabis was reclassified and removed from the country’s list of narcotics.

“What we’re seeing is a fundamental shift in patient access to legally prescribed, medically supervised and digitally accessible cannabis following regulatory reform,” said Kouparanis.

The country’s Cannabis Act (CanG) removed cannabis from its Narcotics Act (BtMG) and enacted the Medical Cannabis Act (MedCanG), shifting prescriptions from strict narcotic controls to standard pharmaceutical processes. The act enabled telemedicine and easier approvals to boost access for chronic conditions.

Prescriptions hit record highs in late 2025, reflecting telemedicine’s role in transitioning self-medicating patients to regulated care; however, misuse debates erupted that same year, with the Federal Ministry of Health drafting amendments driven by Minister of Health Nina Warken’s concerns over a 400 percent import surge, which she cited as evidence of potential abuse via telemedicine platforms.

In October 2025, the German Cabinet formally approved a draft of the amendment, which banned new remote prescriptions and mail-order sales. The draft was submitted to the European Union’s Technical Regulations Information System for review, with the first Bundestag reading occurring on December 18, 2025. As of February 2026, the parliamentary process is ongoing; second and third readings are targeted for this spring.

Amid these headwinds, Kouparanis emphasized resilience.

“In the face of political uncertainty and proposed regulatory pushback, the biggest achievement for Germany’s medical cannabis industry is that we’ve continued to guarantee a secure and stable supply of prescriptions for more than a million medical cannabis patients,” he said. “Imports are breaking records, and medical cannabis has firmly established itself as part of mainstream healthcare.”

German cannabis market trends

The report identifies several growth trends in the German medical cannabis market, including an increase in products — while fewer than 470 strains were available at the start of 2025, by the fourth quarter there were 720.

At the same time, patient preferences for specific flower attributes have shifted.

Patients increasingly favor non-irradiated flowers, which captured roughly 90 percent of the market share from July to December 2025, reflecting demand for natural products.

“Despite this rise in demand, Germany’s supply of medical cannabis has remained stable and more affordable. We’ve found that the average price per gram of medical cannabis flower fell by more than 3 euros over the course of 2025, declining from 8.33 euros in January to 5.23 euros in December,’ commented Kouparanis.

‘These developments show that the market is successful, competitive, resilient and continues to deliver safe and reliable medical cannabis to patients in need,’ the expert added.

According to the report, telemedicine and mail-order pharmacy efficiencies can save health insurers 2.9 billion euros annually versus in-person care, while cannabis therapy cuts sick leave by 2.7 billion euros yearly, with no evidence of increased hospitalizations or daily use post-reform.

“At a time when Germany’s healthcare system is overstretched, and health insurers are under financial pressure, this model should serve as a benchmark, not a target for rollback,” said Kouparanis.

The report also emphasizes the role of importers, wholesalers and pharmacies that have invested substantial resources — and created jobs — to build an innovative digital supply chain to ensure nationwide access. Kouparanis emphasized that this chain is now at risk due to the regulatory risks introduced by the proposed amendment.

Regulatory risks in Germany’s cannabis market

The authors believe the Ministry of Health’s proposals are based on unsubstantiated misuse fears.

Wichmann argued against the idea of these risks from pharmaceutically supplied medical cannabis.

“This is especially true when compared to other prescription medications commonly used to treat the same conditions, as the addiction risks for opioids and Z-drugs have already been well established,’ he continued, highlighting the benefits of affordable digital access for medical cannabis therapy on the private market.

“If policymakers continue to stigmatize medical cannabis and restrict telemedicine and shipping pharmacies, they risk pushing vulnerable patients back to medications with more severe side effects as well as unsafe cannabis from unregulated sources, undermining both the wellbeing of individual patients and public health as a whole.”

German cannabis market outlook

North American investors are betting on Germany’s medical cannabis staying power, as seen in recent acquisitions of key players in the country like Sanity Group and Remixian.

“Legal cannabis is here to stay,” said Kouparanis, underscoring market resilience despite the regulatory debates.

Highlighting the sector’s evolution, he noted that despite falling prices, major wholesalers may still be profitable. “But of course, as with all product-touching business models, such as wholesale and pharmacy, margins are decreasing.”

This shift favors scalable digital platforms amid intensifying competition.

As regulatory hurdles loom, Germany’s medical cannabis market proves a potentially lucrative investment frontier for digitized platforms like Bloomwell, provided policymakers embrace data over dogma.

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

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Golconda Gold Named in TSX Venture 50 List of Top Performing Companies

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Golconda Gold Ltd. (‘Golconda Gold’ or the ‘Company’) (TSX-V: GG; OTCQB: GGGOF) is pleased to announce that it has been included in the TSX Venture 50 list.

TSX Venture 50 is a ranking of the 50 top-performing companies on the TSX Venture Exchange over the last year. Companies are ranked based on three equally-weighted criteria of one-year share price appreciation, market capitalization increase, and Canadian consolidated trading value.

Ravi Sood, Chief Executive Officer of the Company, commented: ‘We are very pleased to see that the years of investment of both capital and human resources in our business are being recognized in our share price. While it has left us capital constrained for long periods of time, our focus on minimizing shareholder dilution is also now being rewarded. Despite Golconda Gold being 5th on the TSX Venture 50 in terms of price appreciation, we closed 2025 with fewer shares outstanding than we started the year with.’

More details on the TSX Venture 50 can be found at: www.tsx.com/Venture50.

About Golconda Gold

Golconda Gold is an un-hedged gold producer and explorer with mining operations and exploration tenements in South Africa and New Mexico. Golconda Gold is a public company and its shares are quoted on the TSX Venture Exchange under the symbol ‘GG’ and the OTCQB under the symbol ‘GGGOF’. Golconda Gold’s management team is comprised of senior mining professionals with extensive experience in managing mining and processing operations and large-scale exploration programmes. Golconda Gold is committed to operating at the highest standards, focused on the safety of its employees, respecting the environment, and contributing to the communities in which it operates.

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.

For further information please contact:
Ravi Sood
CEO, Golconda Gold Ltd.
+1 (647) 987-7663
ravi@golcondagold.com
www.golcondagold.com

News Provided by GlobeNewswire via QuoteMedia

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Early Warning Press Release Regarding Acquisition of Common Shares in Spartan Metals

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(TheNewswire)

   

Vancouver, Canada, February 24, 2026 TheNewswire Spartan Metals Corp. (‘Spartan’ or the ‘Company’) (TSX-V: W | OTCQB: SPRMF | FSE: J03) reports that Burton Egger (the ‘Acquiror’) a director of the Company has  acquired 1,400,000 common shares of the Company (the ‘Acquired Shares’) by way of the exercise of 1,400,000 common share purchase warrants at a purchase price of $0.075 per Acquired Share (the ‘Acquisition’).

 

Prior to the completion of the Acquisition, Mr. Egger beneficially owned or exercised control or direction over 7,222,341 common shares, 1,604,166 common share purchase warrants (‘Warrants‘) and 50,000 restricted share units (‘RSU’s‘), representing approximately 18.3% per cent of the issued and outstanding common shares on an undiluted basis and 21.56% on a partially diluted basis. Upon completion of the Acquisition, Mr. Egger beneficially owns or exercises control or direction over 8,622,341 common shares 204,166 Warrants and 50,000 RSU’s, representing approximately 21.7% per cent of the issued and outstanding common shares on an undiluted basis, and 21.56% per cent of the issued and outstanding common shares on a partially diluted basis, assuming that Mr. Egger exercised all of his warrants and RSU’s, and no other holders of convertible securities exercised or converted any of their securities.

 

The Acquired Shares were acquired for investment purposes. Depending on market conditions, the Acquiror may, from time to time, acquire additional securities, exercise convertible securities, dispose of some or all of the existing or additional securities or may continue to hold the securities of the Company.

 

About Spartan Metals Corp.

Spartan Metals is focused on developing critical minerals projects in well-established and stable mining jurisdictions in the Western United States, with an emphasis on building a portfolio of diverse strategic defense minerals such as Tungsten, Rubidium, Antimony, Bismuth, and Arsenic.

 

Spartan’s flagship project is the Eagle Project in eastern Nevada that consists of one of the highest-grade historic tungsten resources in the USA (the past-producing Tungstonia Mine) along with significant under-defined resources consisting of: rubidium; antimony; bismuth; indium; as well as precious and base metals. More information about Spartan Metals can be found at www.SpartanMetals.com  

 

On behalf of the Board of Spartan

‘Brett Marsh’

President, CEO & Director

 

Further Information:

Brett Marsh, M.Sc., MBA, CPG

President, CEO & Director

1-888-535-0325

info@spartanmetals.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 press release

 

Copyright (c) 2026 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

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NorthStar Gaming Provides Update on Strategic Priorities for 2026

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NorthStar Gaming Holdings Inc. (TSXV: BET,OTC:NSBBF) (OTCQB: NSBBF) (‘NorthStar’ or the ‘Company’) today provided an update on its strategic priorities for 2026, focused on disciplined execution, effective capital allocation, and improving the Company’s profitability profile. All dollar figures are quoted in Canadian dollars.

The Company’s core strategy remains focused on growing and enhancing the NorthStar Bets online betting platform, which is known for its user-friendly interface, strong customer service, ongoing product innovation, and Canadian roots. Further enhancements to the core player experience and product functionality to drive retention and engagement will support the Company’s approach going forward.

In 2026, the Company is executing a disciplined operating plan to progress towards profitability through advertising efficiency, operating leverage, and cost management. These initiatives are intended to preserve cash resources, improve near-term returns on invested capital, and continue to enhance the quality and functionality of the Company’s product offerings.

As part of this plan, the Company has taken targeted actions to streamline general and administrative expenses. These actions are expected to result in approximately $3 million in annualized G&A cost savings, with the full financial impact expected to phase in over the course of 2026. In parallel, management continues to evaluate and implement additional operating and marketing efficiencies through oversight of discretionary advertising spend decisions and ongoing optimization of vendor and services contracts.

‘We are focused on taking deliberate, measured steps to position the Company for profitability,’ said Corey Goodman, Interim Chief Executive Officer of NorthStar. ‘The expected annualized G&A savings reflect measures that have largely been implemented. Building on these reductions, management is actively deploying additional efficiency and operating leverage initiatives across services, marketing spend, and cost of goods sold that are expected to materially enhance the Company’s EBITDA profile. In parallel, targeted investments in the product experience are being made to improve retention and increase the stability and predictability of revenue over time.’

Key initiatives supporting these objectives include:

  • improving advertising productivity through more targeted and return-driven media deployment;
  • reducing reliance on external advertising agencies, further rationalizing agency fees, and renegotiating key vendor and services contracts as advertising spend levels are recalibrated;
  • continuing to prioritize customer retention through enhancements to the player experience, customer outreach, and internal processes;
  • selectively reducing salaried personnel and contracted services where efficiencies can be achieved and service levels can be maintained; and
  • refocusing the Company’s content strategy by reducing costs associated with the production of Sports Insights content and The Boost.

Taken together, these initiatives are expected to have a meaningful impact on the Company’s EBITDA profile as cost efficiencies and operating leverage are realized over the course of 2026.

The Company expects to continue to incur a declining portion of cash expenditures associated with resources being phased out of the business during a transition period through 2026, with the revised expense run rate expected to be fully reflected beginning in 2027. The Company expects to record certain restructuring-related costs in connection with these initiatives, which would be recognized in accordance with applicable international financial reporting standards. Management continues to actively monitor liquidity and capital requirements as these initiatives are implemented. The Company’s capital structure and lender relationships remain an important part of its broader operating and capital planning process. The cost reduction initiatives are expected to strengthen the Company’s covenant position in 2026, and constructive discussions with its senior lender are ongoing.

Additional details regarding the Company’s financial outlook, liquidity and associated risks were described in its management’s discussion & analysis dated November 26, 2025, available on SEDAR+ at www.sedarplus.ca and on the Company’s website at www.northstargaming.ca.

About NorthStar

NorthStar proudly owns and operates NorthStar Bets, a Canadian-born casino and sportsbook platform that delivers a premium, distinctly local gaming experience. Designed with high-stakes players in mind, NorthStar Bets Casino offers a curated selection of the most popular games, ensuring an elevated user experience. Our sportsbook stands out with its exclusive Sports Insights feature, seamlessly integrating betting guidance, stats, and scores, all tailored to meet the expectations of a premium audience.

As a Canadian company, NorthStar is uniquely positioned to cater to customers who seek a high-quality product and an exceptional level of personalized service, setting a new standard in the industry. NorthStar is committed to operating at the highest level of responsible gaming standards.

NorthStar is listed in Canada on the TSX Venture Exchange (‘TSXV’) under the symbol ‘BET’ and in the United States on the OTCQB under the symbol ‘NSBBF’. For more information on the Company, please visit: www.northstargaming.ca.

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this press release.

Cautionary Note Regarding Forward-Looking Information and Statements

This press release contains ‘forward-looking information’ within the meaning of applicable securities laws in Canada (‘forward-looking statements’), including without limitation, statements with respect to the following: expected performance of the Company’s business, including, but not limited to, anticipated expense run rates, cash-expenditures and restructuring-related costs, and the amount, nature timing of cost savings, return on investment and other benefits resulting from cost reduction and operating initiatives, expansion into new markets and future growth opportunities, and expected benefits of transactions. The foregoing are provided for the purpose of presenting information about management’s current expectations and plans relating to the future and allowing investors and others to get a better understanding of the Company’s anticipated financial position, results of operations, and operating environment. Often, but not always, forward- looking statements can be identified by the use of words such as ‘plans’, ‘expects’, ‘is expected’, ‘budget’, ‘scheduled’, ‘estimates’, ‘continues’, ‘forecasts’, ‘projects’, ‘predicts’, ‘intends’, ‘anticipates’ or ‘believes’, or variations of, or the negatives of, such words and phrases, or state that certain actions, events or results ‘may’, ‘could’, ‘would’, ‘should’, ‘might’ or ‘will’ be taken, occur or be achieved. This information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. This forward-looking information is based on management’s opinions, estimates and assumptions, including, but not limited to, operating assumptions with respect to the timing of and benefits resulting from cost reduction and operating initiatives, that, while considered by NorthStar to be appropriate and reasonable as of the date of this press release, are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, levels of activity, performance, or achievements to be materially different from those expressed or implied by such forward- looking information. Such factors include, among others, the following: the Company’s ability to operate as a going concern, risks related to the Company’s business and financial position, including, but not limited to, compliance with debt-related covenants; risks associated with general economic conditions; the effect of capital market conditions and other factors on capital availability, adverse industry risks; future legislative and regulatory developments; the ability of the Company to implement its business strategies, including, but not limited to, its cost reduction and operating initiatives; and those factors discussed in greater detail under the ‘Risk Factors’ section of the Company’s most recent annual information form, which is available under NorthStar’s profile on SEDAR+ at www.sedarplus.ca. Many of these risks are beyond the Company’s control.

If any of these risks or uncertainties materialize, or if the opinions, estimates or assumptions underlying the forward-looking information prove incorrect, actual results or future events might vary materially from those anticipated in the forward-looking statements. Although the Company has attempted to identify important risk factors that could cause actual results to differ materially from those contained in the forward-looking statements, there may be other risk factors not presently known to the Company or that the Company presently believes are not material that could also cause actual results or future events to differ materially from those expressed in such forward-looking statements. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. No forward-looking statement is a guarantee of future results. Accordingly, you should not place undue reliance on forward-looking information, which speaks only as of the date made. The forward-looking information contained in this press release represents NorthStar’s expectations as of the date specified herein, and are subject to change after such date. However, the Company disclaims any intention or obligation or undertaking to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required under applicable securities laws.

All of the forward-looking information contained in this press release is expressly qualified by the foregoing cautionary statements.

For further information: Company Contact:

Corey Goodman
Interim Chief Executive Officer 647-530-2387
investorrelations@northstargaming.ca

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/284980

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PDAC 2026: Here’s What You Need to Know

Investing 5 Mins Read

The annual Prospectors & Developers Association of Canada (PDAC) convention is returning this year from March 1 to 4, and it comes at a significant time for the global resource sector.

Precious metals prices are at historic highs, and countries around the world are increasingly recognizing the importance of the mining industry, especially when it comes to building out supply chains for critical minerals.

This year’s convention, which will bring together more than 27,000 attendees from over 125 countries, promises to touch on these key topics and more as diverse thought leaders take the stage.

Read on for her perspective on the industry and her tips and tricks for making the most of PDAC.

INN: What is your sense of current resource sector sentiment heading into PDAC?

KR: Heading into PDAC, there is a positive outlook across the resource sector. Demand for minerals remains strong, and higher commodity prices supported investment through much of 2025. That momentum is showing up across the industry, with companies advancing work and actively assessing new opportunities.

At the same time, the global environment is becoming more competitive as countries work to secure the minerals needed to support their economies. That makes this an important time for the industry. The upcoming PDAC Convention provides the opportunity for leaders to step back from day-to-day tasks, assess where things are heading and have the kinds of conversations that help shape investment decisions.

INN: Overall, what trends are standing out to you in the mining space right now?

KR: One of the clearest trends is the growing recognition of how essential minerals are to modern life, from infrastructure and manufacturing to emerging technologies.

That awareness continues to support interest in exploration and in building strong channels for future supply. Technology is also playing a larger role in how companies evaluate opportunities and make decisions, whether through robust geological data or improved digital tools that support exploration.

At the same time, responsible development remains front of mind. Companies understand that environmental performance and strong relationships with communities are fundamental to long-term success. Taken together, these trends point to an industry that is adapting and positioning itself for what comes next.

INN: Can you talk about the themes we’ll see at PDAC this year?

KR: PDAC 2026 will focus on what is needed to drive new investment and responsible mineral development. Capital markets, supply chains, technological innovation and the broader policy environment will all feature prominently because these aspects directly influence how work advances across the sector.

What makes the convention distinctive is the breadth of experience brought together across the event. Participants hear from industry leaders, technical experts and policymakers, but just as importantly, they have the opportunity to exchange perspectives with peers from around the world.

INN: Are there any “can’t miss” presentations or events at PDAC you would highlight?

KR: PDAC 2026 will host more than 1,300 exhibitors, representing the largest trade show footprint in the convention’s history. That level of participation underscores the convention’s role as a global meeting place for the mineral industry, bringing together companies, governments and service providers to showcase expertise, connect with decision-makers and build relationships that support investment and growth.

The Keynote Program is a major draw, convening influential voices from across the global mining industry to discuss commodity outlooks, leadership, innovation and major discoveries.

We will hear from Gustavo Pimenta, CEO of Vale (NYSE:VALE), on accelerating the future of mining, and from Don Lindsay, director at BHP (ASX:BHP,NYSE:BHP,LSE:BHP) and retired CEO of Teck Resources (TSX:TECK.A,TECK.B,NYSE:TECK), on mining finance and leadership. Mikko Tepponen, digital officer at BHP, will explore how data and artificial intelligence are influencing decision-making, while Paul Bartos, former principal greenfields geologist at AngloGold Ashanti (NYSE:AU,JSE:ANG), will deliver the Discovery of the Year keynote.

Beyond the formal program, some of the most valuable moments happen in conversations throughout the convention, where introductions are made, partnerships take shape and new opportunities emerge.

INN: Final thoughts on PDAC and/or the resource space?

KR: The pace of change across the resource sector is accelerating, and the decisions being made today will help shape supply for decades to come.

In that environment, opportunities to come together in person matter. PDAC creates space for thoughtful dialogue, informed debate and practical collaboration, the kinds of interactions that help turn ideas into action.

As global demand for minerals continues to grow, the importance of aligning investment, innovation and responsible development has never been clearer. PDAC remains focused on supporting those conversations and helping to position the industry for long-term success.

Register for PDAC now

PDAC is widely regarded as a can’t-miss event for investors, executives and companies in the resource sector, and with over 1,300 exhibitors, this year’s convention is sure to be a dynamic experience.

If you’d like to attend PDAC, click here for detailed information on how to register.

You can also click here to sign up to receive the latest news and announcements from PDAC, or follow PDAC on X, LinkedIn, YouTube, Facebook and Instagram. We look forward to seeing you there!

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

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Homerun Resources

Investing 7 Mins Read

Investor Insight

With one of the world’s highest-purity silica districts and a full-stack downstream strategy, Homerun Resources is building an integrated platform spanning raw materials, solar glass, energy storage and next-generation photovoltaics to capture value across the global clean-energy supply chain.

Overview

Homerun Resources (TSXV:HMR,OTC:HMRFF,FSE: 5ZE) is executing a three-phase strategic plan to become a leading global supplier and processor of high-purity silica, transforming it into high-value products for the renewable energy and advanced materials markets. Phase 1 secured the Belmonte Silica District and logistics pathway; Phase 2 is advancing construction of processing and solar glass facilities; Phase 3 will integrate downstream verticals which include energy storage, perovskite PV and AI-driven energy solutions.

The company’s competitive advantage begins with raw material quality. Its flagship silica sands rank among the purest globally, allowing direct use in solar glass manufacturing without costly beneficiation. Combined with supportive regional development initiatives, infrastructure access and proximity to export routes, this foundation supports low operating costs and accelerated development timelines.

Homerun is targeting markets where demand is rising, supply is constrained and domestic production is strategically favored. Brazil currently imports most solar glass and high-purity silica products, creating a strong opportunity for a local supplier with scale, purity and vertical integration.

Company Highlights

  • District-Scale Resource Control: Long-term agreements with Companhia Baiana de Pesquisa Mineral secure the Santa Maria Eterna silica district in Belmonte, Bahia, Brazil.
  • High-Purity Resource Base: 63.9 Mt measured + inferred grading >99.6 percent silicon dioxide (SiO₂) with ultra-low impurities suitable for direct solar-glass feed.
  • Integrated Revenue Model: Multiple profit centers across HPQ silica, ultra-pure processing, solar glass manufacturing, advanced materials and energy technologies.
  • Engineering Partnerships: Technical collaboration and budgetary design work from SORG Group and global specialists.
  • Energy Storage Innovation: Thermal storage system development with the National Renewable Energy Laboratory.
  • Next-Gen Solar Technology: Perovskite module development through subsidiary partnerships including Halocell.
  • Near-Term Production Plan: Initial 120,000 tpa ultra-pure silica plant targeting >99.99 percent purity.

Key Projects

Santa Maria Eterna Silica District

The Santa Maria Eterna (SME) district is Homerun’s cornerstone asset and hosts a NI 43-101 mineral resource of 25.56 Mt measured and 38.35 Mt inferred grading above 99.6 percent SiO₂. The deposit’s chemistry allows direct furnace feed for solar glass and high-end industrial applications, eliminating costly purification required by lower-grade deposits.

Independent testwork has demonstrated the ability to upgrade material to >99.99 percent purity using advanced non-chemical processing techniques, confirming suitability for demanding high-technology markets such as solar modules, specialty glass and advanced ceramics.

Strategically located beside a major roadway within trucking distance of export infrastructure, SME benefits from favorable logistics, low royalty rates and strong district-scale expansion potential.

Highlights

• 63.9 Mt combined resource

• 99.6 percent SiO₂ purity

• Ultra-low impurities

• Direct solar-glass feed capability

• District expansion upside

HPQ Silica Processing Facility

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The planned HPQ processing plant represents Homerun’s first commercial development stage, designed to produce 120,000 tonnes per year of ultra-pure silica. Metallurgical testing confirms the ability to reach >99.99 percent purity levels required for solar, semiconductor, optical glass and specialty industrial applications.

Because the feedstock is already exceptionally pure, the facility is expected to operate with lower processing intensity than typical silica upgrading operations. The modular plant design also allows scalable expansion aligned with market demand.

This project establishes the foundation for Homerun’s downstream strategy, transforming raw silica into high-margin engineered materials rather than selling commodity sand.

Highlights

• Initial 120,000 tpa capacity

• 99.99 percent purity output

• Modular expansion capability

• Targets high-value specialty markets

• First step toward vertical integration

Solar Glass Manufacturing Facility

Homerun is advancing plans for Latin America’s first dedicated solar glass manufacturing plant located adjacent to its silica resource. The facility is designed to produce up to 365,000 tonnes annually, positioning the company to supply Brazil’s rapidly expanding solar industry.

The project is supported by signed offtake agreements and engineering collaboration with leading global furnace and glass-plant specialists. Domestic tariffs and incentives supporting local manufacturing further strengthen the economics of in-country production.

Brazil’s solar pipeline exceeds 100 GW of planned capacity, creating a large addressable market currently dependent on imports. Homerun’s strategy is to become a primary domestic supplier while retaining export optionality.

Highlights

• Planned 365,000 tpa capacity

• Offtake agreements including 100,000 tpa contract

• Engineering design underway

• Resource-adjacent location lowers costs

• Positioned to replace imports

Thermal Energy Storage System

Homerun has secured a global intellectual property agreement with NREL to commercialize the silica-based thermal energy storage system designed for long-duration renewable power storage. The system stores heat generated from renewable sources and releases it when needed, providing grid-scale flexibility.

Unlike conventional batteries, thermal storage systems can offer long operating life, scalability and potentially lower lifetime costs. A pilot project is under construction to validate commercial performance and operating economics.

An additional advantage is that the silica medium can be upgraded during operation, creating an ancillary revenue stream through sale of refined material.

Highlights

• Long-duration storage technology

• Grid-scale scalability

• 30-year lifespan target

• Dual-revenue model potential

• Pilot system underway

Homerun Energy Platform

Through its Homerun Energy subsidiary, the company is integrating advanced photovoltaic and digital energy technologies. Members of Homerun Resources’ scientific research team, through its subsidiary Homerun Energy SRL, have been key contributors to advancements in perovskite technology, including a recent peer-reviewed study in Nature Energy demonstrating scalable materials and interface approaches for large-area modules. The research showed 9.0 sq cm and 48 sq cm modules retained over 95 percent of their initial efficiency after more than 5,000 hours of 1-sun light soaking at maximum power point, highlighting both high performance and long-term operational stability.

The division also develops AI-driven energy management software designed to optimize generation, storage and consumption across distributed systems. This software layer introduces high-margin recurring revenue alongside hardware sales.

By combining materials production, component manufacturing and intelligent energy optimization, Homerun aims to create a fully integrated clean-energy ecosystem spanning the entire value chain.

Highlights

• Advanced perovskite PV technology

• 95 percent efficiency retention after testing

• AI energy optimization platform

• Recurring software revenue potential

• Integrated materials-to-systems model

Management Team

Brian Leeners – CEO and Director

Brian Leeners has over 30 years of experience in venture company management and is the founder of Nexvu Capital, where he raised more than US$125 million across materials and technology sectors. He is the architect of Homerun Resources’ vertically integrated strategy and leads corporate development and capital markets engagement.

Antonio Vitor – Country Manager, Brazil

Antonio Vitor is a mining executive with 10+ years of experience in project development and extensive government, banking, and industry connections in Brazil. He has held senior roles at Transpetro, PwC, and Shell, overseeing operations and strategic partnerships in the region.

Armando Farhate – COO

With 37 years of industry experience spanning Brazil, Canada, Namibia, and Botswana, Armando Farhate specializes in operations, engineering, and mineral resource development. He oversees Homerun’s processing, mining, and project construction activities.

Nancy Zhao – CFO

Nancy Zhao is a CPA with more than 9 years in public company finance, previously serving as CFO of First Hydrogen and Neo Battery Materials. She combines financial leadership with a background in chemical engineering and procurement for Sinopec.

Dr. Mauro Cesar Terence – CTO

Dr. Terence holds a PhD in nuclear technology and brings 25 years of academic R&D experience in polymers, nanomaterials, and graphene. Formerly a coordinator at the MackGraphe Research Center, he leads Homerun’s advanced materials and technology initiatives.

Tyler Muir – Investor Relations

Founder of TMM Capital Advisory, Tyler Muir has expertise in capital markets strategy, corporate communications, and investor engagement. He manages Homerun’s investor relations programs and market outreach.

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Ni-Co Energy Inc. Files Preliminary Prospectus for Proposed Initial Public Offering

Investing 4 Mins Read

Ni-Co Energy Inc. (“Ni-Co Energy” or the “Company”) is pleased to announce that it has filed a preliminary prospectus (the “Preliminary Prospectus”) with the securities regulatory authorities in the provinces of Québec, Ontario, Alberta, and British Columbia in connection with its proposed initial public offering (the “Offering”) of common shares of the Company (each a “Share”). The Offering is structured as a minimum offering of $1,500,000 (6,000,000 Shares) and a maximum offering of $3,000,000 (12,000,000 Shares), at a price of $0.25 per Share. The Company and the Agent (as defined herein) may jointly elect, at any time up to 48 hours prior to closing, to have up to 1,333,333 Shares issued as “flow-through” shares (each an “FT Share”) within the meaning of the Income Tax Act (Canada) at a price of $0.60 per FT Share.

The Offering will be conducted on a best-efforts basis by Research Capital Corporation (the “Agent”). The Company has granted the Agent an over-allotment option, exercisable in the Agent’s sole discretion, in whole or in part, at any time until and including 30 days following the closing of the Offering, to purchase up to 1,800,000 additional Shares (representing 15% of the Shares sold under the Offering) at the applicable offering price. Pursuant to an agency agreement, the Agent will receive: (i) a cash agency fee equal to 10% of gross proceeds (or 4% in respect of sales to President’s List purchasers, being purchasers identified by the Company, representing up to $1,500,000 in subscriptions); (ii) a corporate finance advisory fee of $50,000; and (iii) agent’s compensation warrants entitling the Agent to purchase up to 1,200,000 Shares at $0.25 per share for a period of 24 months from the closing date of the Offering.

The Preliminary Prospectus contains important information relating to the Company, its business, and the Offering, and remains subject to completion or amendment. Copies are available under Ni-Co Energy’s profile on SEDAR+ (www.sedarplus.ca). Completion of the Offering is subject to, among other things, the receipt of customary approvals, including regulatory approvals. There will not be any sale or any acceptance of an offer to buy the Shares until a receipt for the final prospectus has been issued by the relevant securities regulatory authorities in Canada.

The Shares have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws. Accordingly, the Shares may not be offered or sold within the United States or to U.S. persons (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws, or pursuant to exemptions from the registration requirements thereof. This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities of Ni-Co Energy in any jurisdiction in which such offer, solicitation, or sale would be unlawful.

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.

For Further Information, Please Contact

Alain Tremblay
President & Chief Executive Officer
info@nicoenergy.ca
819-485-1602

Forward-Looking Information

This news release may contain forward-looking information within the meaning of applicable securities laws, which reflects the Company’s current expectations regarding future events. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond the Company’s control. Such risks and uncertainties include, but are not limited to, failure to complete the Offering and the factors discussed under “Risk Factors” in the Preliminary Prospectus. Actual results could differ materially from those projected herein. The Company does not undertake any obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required under applicable securities laws.

Source

Click here to connect with Ni-Co Energy Inc. to receive an Investor Presentation

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Stefan Gleason: Silver Wakeup in the West — What’s Happening, What’s Next

Investing 1 Min Read

Stefan Gleason, CEO of Money Metals, breaks down recent silver and gold dynamics, discussing trends in the US retail market, as well as backups at refineries.

While the situation has begun to normalize, he sees potential for further disruptions in the future.

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

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