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February 20, 2026

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For weeks, the U.S. military has quietly amassed what President Donald Trump has described as an ‘armada’ in Iran’s backyard. Mapped out across the Persian Gulf and beyond, the deployment tells its own story — one of calculated pressure backed by credible capability.

The latest signal of escalation is the movement of the world’s largest aircraft carrier, the U.S. Navy’s USS Gerald R. Ford, and its strike group from the Caribbean toward the Middle East.

The buildup coincides with indirect negotiations between Washington and Tehran over Iran’s disputed nuclear program. Trump has warned that the regime must fully dismantle its nuclear infrastructure — or face consequences.

At the heart of America’s force projection is another carrier strike group: USS Abraham Lincoln — a mobile fortress at sea, guarded by destroyers and equipped to unleash precision strikes at a moment’s notice. On deck, F-35 fighters and F/A-18 attack aircraft sit within range of dozens of key Iranian military and nuclear targets.

Meanwhile, in the Eastern Mediterranean, destroyers USS Bulkeley and USS Roosevelt provide additional strike capability and missile defense coverage — and could potentially assist Israel in defending against any Iranian counterattack.

Farther south, in the Red Sea, USS Delbert B. Black adds another layer of firepower along one of the world’s most important shipping lanes. The Red Sea links the Mediterranean to the Indian Ocean through the Suez Canal, a corridor that carries a significant share of global trade and energy supplies. 

A U.S. destroyer there not only protects commercial traffic but also gives Washington the flexibility to respond quickly to threats moving between the Middle East and Europe.

Even closer to Iran’s coastline, in the Persian Gulf and the Strait of Hormuz, USS McFaul and USS Mitscher are operating in one of the most strategically sensitive waterways on the planet. Roughly a fifth of the world’s oil passes through the Strait of Hormuz each day. Their presence signals that the U.S. can both defend that vital choke point and, if necessary, strike Iranian targets from close range.

Beyond naval forces, U.S. air power is spread across multiple Middle Eastern bases, giving commanders the ability to strike, defend and sustain operations quickly.

Several types of combat aircraft are operating from regional bases, including F-15s, F-16s and the radar-evading F-35. The A-10 specializes in close-air support missions against armored threats.

Those fighters are backed by a network of support aircraft. KC-135 and KC-46 tankers refuel jets midair, allowing them to fly farther and stay aloft longer. EA-18G electronic warfare aircraft can jam enemy radar and communications. E-3 Sentry aircraft serve as airborne command centers, tracking threats across wide areas. P-8 Poseidon planes patrol and monitor maritime activity.

Additionally, heavy transports — including C-5 Galaxy and C-17 Globemaster aircraft — move troops and equipment, while MQ-9 Reaper drones provide surveillance and can carry precision weapons. The assets give U.S. commanders flexibility to operate across air, sea and land.

Taken together, the air and naval deployments create overlapping strike capability, missile defense coverage and control over major maritime routes. For Iran, it means U.S. forces are not concentrated in a single vulnerable location — they are distributed, layered and positioned to operate from multiple directions at once. 

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Former President Bill Clinton and former Secretary of State Hillary Clinton will be deposed by the House Oversight Committee in their hometown instead of in Washington, D.C. next week, Fox News Digital has learned.

The Clintons are testifying under oath for the committee’s probe into Jeffrey Epstein. Hillary Clinton’s deposition is scheduled for Feb. 26 while Bill Clinton will sit down with congressional staff and lawmakers on Feb. 27.

‘The Clintons’ depositions will be held in Chappaqua, New York on February 26 and 27 as an accommodation for their schedules. The depositions are in accordance with House and Committee rules,’ a spokeswoman for the House Oversight Committee told Fox News Digital.

The former first couple purchased their home in Chappaqua, just north of New York City, in 1999, and it has been their main residence since leaving the White House.

Their depositions will come after months of back-and-forth with committee Republicans about various terms for the closed-door meetings.

‘The Clintons’ testimony is critical to understanding Epstein and [Ghislaine Maxwell’s] sex trafficking network and the ways they sought to curry favor and influence to shield themselves from scrutiny,’ House Oversight Committee Chairman James Comer, R-Ky., told Fox News Digital on Thursday evening. ‘Their testimony may also inform how Congress can strengthen laws to better combat human trafficking. Our goal for this investigation is straightforward: we seek to deliver transparency and accountability for the American people and for survivors.’

House Republicans nearly moved forward with a vote on holding them both in contempt of Congress last month after the Clintons’ lawyers ripped Comer’s subpoenas as legally invalid and a breach of separation of powers.

While some Democrats agreed with the move, the majority of them accused Comer of persecuting the Clintons on political grounds.

If the votes were successful, they would both have been referred to the Department of Justice (DOJ) for prosecution. A guilty verdict for contempt of Congress carries up to one year in jail and a maximum fine of $100,000.

But days before the expected vote, the Clintons’ counsel told Comer they would agree to testify.

In the days since, however, both Clintons have waged a public pressure campaign demanding they get public hearings instead of a closed-door transcribed and taped interview. 

‘I have called for the full release of the Epstein files. I have provided a sworn statement of what I know. And just this week, I’ve agreed to appear in person before the committee. But it’s still not enough for Republicans on the House Oversight Committee,’ Bill Clinton posted on X this month.

‘Now, Chairman Comer says he wants cameras, but only behind closed doors. Who benefits from this arrangement? It’s not Epstein’s victims, who deserve justice. Not the public, who deserve the truth. It serves only partisan interests. This is not fact-finding, it’s pure politics.’

Comer has said that public hearings are not out of the question, but not before depositions behind closed doors.

Bill Clinton was known to be friendly with Epstein long before the federal case against him first emerged and has appeared in documents on the late pedophile released by the DOJ. But neither he nor Hillary Clinton are implicated in any wrongdoing.

The Clintons are two of over a dozen people and entities who have been subpoenaed for information in the committee’s bipartisan Epstein probe.

It’s not unprecedented for the committee to travel for depositions, either. Committee staff and some lawmakers were in Ohio on Wednesday to depose former Victoria’s Secret CEO Leslie Wexner, a former client of Epstein’s financial advisory firm who was named in documents released by the DOJ about the late pedophile thousands of times.

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Some Republicans are quietly cheering the Supreme Court’s decision blocking most of President Donald Trump’s tariffs on Friday, even as it deals a blow to a cornerstone of the commander-in-chief’s foreign policy and economic strategy.

One conservative House GOP lawmaker granted anonymity to speak freely, for example, said they were ‘relieved.’

‘It’s the right result,’ they said. ‘I am already seeing messages of relief and approval from other members of the Republican conference, as well. I expect that even more will express that relief. This helps to ensure Congress keeps its power over tariffs and preserves separation of power.’

Another Trump-aligned House Republican told Fox News Digital, ‘I think the Supreme Court rightfully decided that this was an Article I authority.’

‘Conservatives don’t like tariffs as a long-term strategy,’ the second House Republican said. ‘The president was right to use them as a tool, and he was right to use them to get outcomes on certain things. But in a long-term way…it’s a tax on consumers.’

The conservative-majority high court ruled on Friday that Trump did not have the authority to impose tariffs under the International Emergency Economic Powers Act (IEEPA). The White House’s interpretation of the 1977 law was used as the basis for sweeping ‘Liberation Day’ tariffs that Trump first unveiled last year.

But Chief Justice John Roberts argued that the law would have more expressly mentioned tariff authority if that is what it was meant for.

Roberts said ‘the president must ‘point to clear congressional authorization’ to justify his extraordinary assertion of the power to impose tariffs,’ which ‘he cannot.’

The ruling, and subsequent wave of relief, isn’t the first time Republicans have bucked Trump and his tariffs. The Senate on several occasions has voted against specific parts of the strategy, and the House voted last week to end Trump’s emergency declaration on Canada aimed at ending tariffs there.

‘Article One gives tariff authority to Congress. This was a common sense and straightforward ruling by the Supreme Court. I feel vindicated as I’ve been saying this for the last 12 months,’ Rep. Don Bacon, R-Neb., one of six House Republicans who voted against the Canada tariffs last week, told Fox News Digital. ‘Besides the Constitutional concerns I had on the Administration’s broad-based tariffs, I also do not think tariffs are smart economic policy. Broad-based tariffs are bad economics.’

One House GOP aide bluntly told Fox News Digital after the ruling, ‘Tariffs suck and are useless.’  

Sen. Rand Paul, R-Ky., one of the most vocal opponents of tariffs in the Senate, contended in a post on X shortly after the ruling that the Supreme Court ‘struck down using emergency powers to enact taxes.’

‘No future administration, including a socialist one, can use ‘emergency’ powers to get around Congress and tax by decree,’ Paul said in a statement to Fox News Digital.

But not every Republican was thrilled by the result, nor their colleagues’ attitude toward the hefty blow dealt to Trump’s agenda and the ripple effect it could have on his economic policies. One Republican source described the outpouring of relief or opposition as ’50/50.’

A GOP Senate source told Fox News Digital, ‘If this is a relief to any Republican, then they clearly don’t care about their president’s agenda.’ 

‘The administration will find a way around this, and should, but anyone who’s celebrating right now is probably missing a part of their brain,’ the source said. ‘I don’t understand how someone can see President Trump and the American people lose trillions of dollars and smile.’

Sen. Roger Marshall, R-Kan., told Fox News Digital that he was disappointed by the decision, but not surprised, and noted that the court was divided on the issue.

‘President Trump’s tariffs were delivering results — bringing our trading partners to the table, securing ten trade agreements, and driving supply chains and manufacturing back to the United States,’ Marshall said. ‘These tools were also advancing our national security interests, including pressuring countries like India to stop purchasing Russian oil.’ 

A third House Republican granted anonymity to speak candidly told Fox News Digital the Supreme Court decision was ‘a severe blow’ because the tariffs ‘were making progress that we finally have on fair trade.’

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President Donald Trump has reportedly reacted to the Supreme Court’s 6-3 decision that ruled he does not have the authority to levy sweeping tariffs under a specific emergency powers law.

A source outside the Trump administration told Fox News that an aide came into the closed-door White House breakfast with governors and handed Trump a note about the Supreme Court ruling.

The source said Trump ‘called it a disgrace, and then he went on with the remarks.’

The high court blocked Trump’s tariffs levied under the International Emergency Economic Powers Act in what amounts to a major test of executive branch authority. 

Some of the Supreme Court’s nine justices will likely be sitting in the audience when the president delivers the State of the Union address on Tuesday.

In the opinion, the high court declared, ‘Our task today is to decide only whether the power to ‘regulate… importation,’ as granted to the President in IEEPA, embraces the power to impose tariffs. It does not.’

Trump has made tariffs a key plank of his economic agenda since retaking the Oval Office last year, but his policies have not come without controversy.

Republican reaction to the ruling has been mixed.

Rep. Buddy Carter, R-Ga., slammed the high court’s decision.

‘The Supreme Court just undercut the President’s ability to defend American workers. President Donald Trump was elected to fight unfair trade and stop the United States from being ripped off. I’m outraged by this decision; it’s clearly judicial overreach,’ Carter asserted in a post on X.

But Sen. Rand Paul, R-Ky., welcomed the ruling.

‘In defense of our Republic, the Supreme Court struck down using emergency powers to enact taxes. This ruling will also prevent a future President such as AOC from using emergency powers to enact socialism,’ Paul noted in a post on X.

Rep. Don Bacon, R-Neb., also hailed the decision.

‘The Constitution’s checks and balances still work. Article One gives tariff authority to Congress. This was a common-sense and straightforward ruling by the Supreme Court. I feel vindicated as I’ve been saying this for the last 12 months. In the future, Congress should defend its own authorities and not rely on the Supreme Court. Besides the Constitutional concerns I had on the Administration’s broad-based tariffs, I also do not think tariffs are smart economic policy. Broad-based tariffs are bad economics,’ Bacon wrote in a post on X.

This is a developing story. Please check back for updates.

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Congressional Republicans are pushing back against Democratic claims that their marquee voter ID legislation would wreak havoc on elections in the country.

Congressional Democrats have panned the Safeguarding American Voter Eligibility (SAVE) America Act as a tool of voter suppression — saying it’s a bill that allows the Department of Homeland Security (DHS) to monitor Americans’ voter information and create barriers for married women to vote, among several other claims.

Along with requiring photo ID to vote, the bill would require proof of citizenship to register to vote in federal elections, mandate states to actively verify and remove noncitizens from voter rolls, expand information sharing with federal agencies, including DHS, to verify citizenship, and create new criminal penalties for registering noncitizens to vote.

Trump has time and again pushed voter ID, calling the election reforms in the bill a ‘CAN’T MISS FOR RE-ELECTION IN THE MIDTERMS, AND BEYOND.’ 

Some of the bill’s strongest proponents fact-checked those claims in interviews with Fox News Digital.

‘If you look at what it actually says, rather than what Democrats aggressively and, I believe, disingenuously are arguing right now — they’re overlooking the requirements of the SAVE America Act — those requirements are actually really generous,’ Sen. Mike Lee, R-Utah, told Fox News Digital. ‘They’re really flexible.’

Here’s a closer look at some of the most common claims Democrats have made about the SAVE America Act — and how Republican supporters of the bill are responding.

Claim: ‘Federalizing voter suppression’

Senate Minority Leader Chuck Schumer, D-N.Y., routinely has bashed the SAVE America Act as ‘Jim Crow 2.0’ — the segregationist laws of the Deep South largely done away with by the Civil Rights Act.

‘It has nothing to do with protecting our elections and everything to do with federalizing voter suppression,’ Schumer said earlier in February on the Senate floor.

But Republicans argued that Democrats were being ‘hypocritical’ in their voter suppression charge, particularly when it comes to voter ID.

Sen. Rick Scott, R-Fla., whose home state is one of 36 that either requests or requires a form of photo identification before voting, argued that voter ID laws across the country had no effect on turnout.

‘This idea that they’re saying that it’s going to suppress any vote — it’s never done that anywhere,’ Scott told Fox News Digital. ‘They said that when Georgia passed it, and they had record turnout. So it’s not true at all. I mean, how many people do you know who don’t have an ID?’

Claim: DHS will have access to legal voters’ data

House Minority Leader Hakeem Jeffries, D-N.Y., argued during a press conference that this iteration of the SAVE Act — with its new name — is ‘worse’ than the version that passed the House in April because it gave DHS access to Americans’ voter data.

He appeared to be referring to a provision that would allow DHS to begin potential deportation proceedings against a noncitizen found on a state’s voter rolls.

‘This version, as I understand it, would actually give DHS the power to get voting records from states across the country,’ Jeffries said earlier in February. ‘Why would these extremists think that’s a good idea? That we as Democrats are going to accept at this moment in time? We’d want DHS and ICE, who have been brutally, viciously and violently targeting everyday Americans, to have more data about the American people? It’s outrageous.’

Rep. Chip Roy, R-Texas, who led both the SAVE Act and SAVE America Act in the House, argued Democrats were ‘really reaching’ for criticism.

‘This actually allows and empowers states to be able to — as many of them want to do — check their voter rolls against the citizenship database that they’re currently prohibited from doing under a judicial interpretation of federal law,’ Roy said.

‘So, long-winded way of saying, no — the SAVE system exists, we have citizenship data, and we’re simply going to allow the checking of voter rolls against citizenship data.’

Claim: Suppresses married women’s right to vote

Another oft-repeated argument by Democrats is that the legislation would make it harder for American women to vote — specifically married women whose last names are now different from those on their birth certificates.

That’s because the bill would require proof of citizenship, like a birth certificate or a Real ID, to register to vote.

‘Republicans aren’t truly afraid of noncitizens voting, which we all know is already illegal, already grounds for deportation,’ House Minority Whip Katherine Clark, D-Mass., said earlier this month. ‘They’re afraid of women voting.’

Rep. Emilia Sykes, D-Ohio, said during the same press conference, ‘If your current name does not exactly fit and match the name on your birth certificate or citizenship papers, you could be blocked from registering to vote, even if you are a lifelong naturalized or American-born citizen.’

But Roy again said this was untrue.

‘This is absolute nonsense, and we specifically allow for a provision to make sure that no one can possibly be left behind,’ he said.

‘If a woman tried to register to vote with different names on her birth certificate and driver’s license,’ Roy said. ‘We literally put in the statute that all you have to do is sign an affidavit under penalty of perjury that, ‘I am that person. This is my birth certificate … and this is my driver’s license that is reflecting my married name.’’

This post appeared first on FOX NEWS

Visit Rapid Critical Metals (ASX: RCM) at Booth #3142 at the Prospectors & Developers Association of Canada’s (PDAC) Convention at the Metro Toronto Convention Centre (MTCC) from Sunday, March 1 to Wednesday, March 4, 2026.

About Rapid Critical Metals

Rapid Critical Metals (ASX: RCM) (ASX: RCMO) is an exploration company driving the discovery and development of high-grade silver and critical mineral assets. Following a transformational pivot in mid-2025, Rapid has assembled a high-impact portfolio anchored by the Webbs and Conrads Silver Projects in New South Wales and the Prophet River Gallium–Germanium Project in British Columbia, Canada. Both projects sit within geologically rich, infrastructure-ready regions and present strong potential for near-term exploration success.Headquartered in Sydney, Rapid is fully funded and strategically positioned to deliver growth through aggressive exploration and value-accretive development. Led by an experienced team, including Chairman John Poynton AO and Managing Director Byron Miles, the Company is advancing a catalyst-rich program — with resource upgrades, step-out drilling, and new target testing set to drive a steady flow of news and shareholder value in the months ahead.

About PDAC

The World’s Premier Mineral Exploration & Mining Convention is the leading convention for people, governments, companies and organizations connected to mineral exploration. In addition to meeting more than 1,100 exhibitors, 2,500 investors and 26,000 attendees in person in 2024, participants could also attend programming, courses and networking events.

The annual convention is held in Toronto, Canada. It has grown in size, stature and influence since it began in 1932 and today is the event of choice for the world’s mineral industry.

For more information and/or to register for the conference please visit: https://www.pdac.ca/convention.

We look forward to seeing you there.

For further information:

Rapid Critical Metals
Byron Miles
+61 2 9290 9600
info@investability.com.au
https://rapidmetals.com.au/

News Provided by TMX Newsfile via QuoteMedia

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Investor Insight

LaFleur Minerals is advancing a district-scale gold platform anchored by a defined resource base and a fully permitted processing facility in Québec’s Abitibi region. With ongoing mill restart activities and a targeted gold pour on the horizon, the company offers investors exposure to both near-term production potential and meaningful exploration upside.

Overview

LaFleur Minerals (CSE:LFLR,OTCQB:LFLRF) is a growth-oriented gold exploration and development company focused on building a scalable mining platform within Québec’s Abitibi region, a belt that has produced more than 190 million ounces of gold historically. The company’s strategy is centered on advancing its flagship Swanson deposit while leveraging existing infrastructure to accelerate timelines to production.

A key differentiator is LaFleur’s vertically integrated model: combining resource expansion with ownership of a permitted processing facility. This approach reduces development risk, lowers capital intensity, and positions the company to monetize discoveries faster than traditional single-asset explorers.

With a market valuation that management believes does not yet reflect the combined value of its resource base, infrastructure and exploration pipeline, LaFleur offers exposure to both near-term catalysts and long-term district-scale discovery potential.

Company Highlights

  • District-Scale Land Position: Controls ~183 sq km of claims near Val‑d’Or in Québec, one of the world’s most prolific gold jurisdictions.
  • Flagship Resource Asset: Swanson Gold Project hosts NI 43-101 resources of 123,400 oz indicated and 64,500 oz inferred with expansion potential.
  • Strategic Infrastructure Ownership: Owns the fully permitted Beacon Gold Mill with 750 tpd capacity and low restart cost.
  • Growth-Focused Exploration: 5,000 m drill program underway targeting resource growth to >1 Moz.
  • Proven Asset Consolidation: Claims assembled from prior operators including Monarch Mining, Abcourt Mines and Globex.
  • Tier-1 Jurisdiction: Québec ranks among the world’s top mining investment regions according to the Fraser Institute.
  • Experienced Leadership: Led by CEO Paul Ténière, a geologist with extensive development and technical reporting expertise.

Key Projects

Swanson Gold Project – Flagship Asset

The Swanson project forms the cornerstone of LaFleur’s growth strategy. Spanning more than 18,300 hectares, the property hosts multiple deposits and mineralized trends along favorable regional structures and deformation corridors. Historic drilling exceeding 36,000 meters demonstrates strong geological continuity and supports expansion potential across the broader land package.

Located approximately 66 km north of Val-d’Or with road and rail access, Swanson sits in close proximity to established operators such as Agnico Eagle and Eldorado, as well as developers including Probe Gold and O3 Mining. Ongoing geophysics, soil geochemistry and drilling continue to identify new targets, reinforcing the project’s potential to evolve into a large-scale gold system.

Project Highlights:

  • Spans +18,300 hectares (183 sq km) and rich in gold and critical metals, hosts the Swanson, Bartec and Jolin gold deposits
  • Previously held by Monarch Mining, Abcourt Mines and Globex
  • Accessible by road/rail, 66 km north of Val-d’Or on the Southend Abitibi gold belt, close proximity to established producers such as Agnico Eagle and Eldorado, as well as developers like Probe Gold and O3 Mining, with direct access to several nearby gold mills
  • Mineral resource estimate reinforces status as flagship project:
    • Indicated mineral resource estimate of 2,113,000 t with average grade of 1.8 g/t gold, containing 123,400 oz of gold.
    • Inferred mineral resource estimate of 872,000 t with average grade of 2.3 g/t gold, containing 64,500 oz of gold
    • The project’s current MRE was optimized with a price of gold at US$1,850/oz, current gold market price has hit above US$3,000/oz
  • $3 million in flow-through to deploy with immediate plans to increase gold resources through diamond drilling at Swanson, Bartec, Jolin, and other gold deposits
  • Other key developments include a decline portal and ramp extending to a depth of 80 metres; well positioned for advanced exploration with over $5 million invested by the previous owner between 2021 and 2023
  • Since acquiring the Swanson deposit and consolidating the large claims package, the company has deployed in excess of $1 million in flow-through funds, completed detailed soil geochemistry and prospecting across several gold targets, completed a very-high resolution airborne magnetic and VLF-EM geophysical survey, and is currently in the process of completing a ground IP survey over the Swanson, Jolin, and Bartec gold deposits
  • Several new promising gold targets have been identified from the recent surface exploration and geophysics programs, highlighting the potential for mineral resource growth and new discoveries at Swanson

With advanced assets and infrastructure in place, LaFleur Minerals is well-positioned as a leading gold development company in Québec.

Beacon Gold Mill – Near-term Production

The Beacon Gold Mill is a strategically located processing facility less than 50 km from Swanson and represents a rare asset for a junior developer: a fully permitted plant capable of near-term restart. The 750-tpd mill underwent approximately $20 million in upgrades and refurbishment, placing it in excellent operational condition and substantially reducing restart timelines.

An independent valuation by Bumigeme estimated rehabilitation costs at about C$4.1 million and a replacement value exceeding C$71.5 million, underscoring its strategic importance. Beyond processing Swanson material, the mill also offers potential toll-milling revenue from regional deposits, providing LaFleur with multiple pathways to cash flow as it transitions toward producer status.

Project Highlights:

  • Capable of custom milling operations for other nearby gold projects
  • Currently being evaluated for processing mineralized material from Swanson as part of a high-level preliminary mining and economic study
  • Past-producing Beacon Mine is located on the site of the Beacon Mill: the property consists of a mining lease, a mining concession, and 11 mining claims
  • Beacon I and II mines include mineralized zones where limited historical gold production was achieved during the period of 1984 to 1988 and again in 2005
  • The advancement of operations at the Beacon Mill has transformational qualities for the company, evolving it from explorer to a near-term gold producer in a Tier 1 jurisdiction with significant upside potential

Management Team

Kal Malhi – Chairman

A successful entrepreneur and the founder of Bullrun Capital, Kal Malhi has raised over $300 million for various public and private companies across multiple industries, including mining, biotechnology and technology.

Paul Ténière – CEO

Paul Ténière has more than 20 years of experience in mine development, geology and project management. He has held senior leadership roles across multiple mining companies and is a recognized expert in NI 43-101 compliance and technical reporting.

Harry Nijjar – CFO and Corporate Secretary

Harry Nijjar is currently a managing director with Malaspina Consultants and provides CFO and strategic financial advisory services to his clients across many industries. This experience has allowed him to help his clients successfully navigate regulatory and financial environments within which they operate. Harry holds a CPA CMA designation from the Chartered Professional Accountants of British Columbia and a BComm from the University of British Columbia

Louis Martin – Technical Advisor and Exploration Manager

Louis Martin is a professional geoscientist. and has been a major contributor to the discovery of several gold and base metal deposits during his more than 40-year career. Martin has been fortunate to be part of the exploration teams that were awarded the Discovery of the Year by the AEMQ for the West Ansil Deposit (2005) and the Louvicourt Deposit (1989). He has worked on several advanced exploration projects that included bringing four of these projects into production. For the last eight years, Martin has worked as a technical advisor and geological consultant for numerous junior and major mining companies.

Preet Gill – Director

Preet Gill is a business professional offering leading development and implementation of superior business strategy. Gill has a proven track record of identifying and creating profitable business opportunities, qualifying authentic prospects, and cultivating strong partnerships. She has over 28 years of experience in leadership roles within Home Depot Canada and has an MBA from Royal Roads University and certificates in business leadership from Queen’s University.

Harveer Sidhu – Director

Harveer Sidhu is the founder of BuildSmartr.com and has served as a director, officer and audit committee member for publicly listed companies. Sidhu is experienced in manufacturing, import and exporting, information technology systems, e-commerce and construction project management. He is also the president and director of Beyond Medical Technologies. He holds a bachelor’s degree from Simon Fraser University and has been a licensed builder with BC Housing since 2014.

Michael Kelly – Director

Michael Kelly is a former member of the Canadian Armed Forces Military Police and a retired member of the Royal Canadian Mounted Police. Kelly currently serves as a Partner at BullRun Capital Inc. and is a respected businessman based in Kelowna, British Columbia. He is also a director and member of the audit committee of Beyond Medical Technologies, an industrial/technology company with a manufacturing facility located in Delta, British Columbia.

Jean Lafleur – Senior Advisor

A highly respected geologist with over 40 years of experience in the mining sector, Jean Lafleur has led multiple exploration programs and mining projects, contributing to major gold discoveries worldwide.

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Steadright Critical Minerals (CSE:SCM) is a Canadian-listed exploration and development company focused on unlocking value from Morocco’s mineral-rich terrain. It prioritizes assets with past production, strong geological datasets, and defined development pathways, aiming to shorten timelines, lower risk, and balance near-term cash flow with longer-term discovery upside.

Its core assets include the fully permitted, past-producing Goundafa polymetallic mine, the Copper Valley copper-lead-silver project in a proven mining district, and the TitanBeach heavy mineral sands project along Morocco’s Atlantic coast. A recent letter of intent with SilverLine Mining SARL could further strengthen the portfolio by adding a licensed, silver-focused asset, reinforcing Steadright’s strategy of acquiring high-quality, permitted projects.

Operating in Morocco—a jurisdiction known for modern mining legislation, strong infrastructure, and competitive fiscal incentives—Steadright benefits from a supportive mining environment. The company is led by an experienced management team with decades of global mining, exploration, and capital markets expertise, positioning it to advance its projects efficiently.

Company Highlights

  • Near-Term Production: The historic Goundafa Polymetallic mine is fully permitted with a legacy of high-grade zinc, lead, copper, silver, and gold production, Goundafa offers near-term, non-dilutive cash flow from historic stockpile sales under a binding processing agreement.
  • Diversified Portfolio: Fully permitted Goundafa Polymetallic mine (PbZn-Cu-Ag-Au), the Copper Valley CopperLead-Silver Project, SilverLine Mining Sarl (LOI) and the TitanBeach Heavy Mineral Sands
  • Strategic Moroccan Operations: Operating in a mining-friendly jurisdiction with modern legislation, strong infrastructure, and significant fiscal incentives including corporate tax exemptions.
  • Experienced Leadership: Management and technical teams bring decades of international mining, exploration, and capital markets experience.

This Steadright Critical Minerals profile is part of a paid investor education campaign.*

Click here to connect with Steadright Critical Minerals (CSE:SCM) to receive an Investor Presentation

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1911 Gold Corporation (‘1911 Gold’ or the ‘Company’) (TSXV: AUMB,OTC:AUMBF) (OTCQX: AUMBF) (FRA: 2KY) is pleased to announce that the Company has entered into a loan agreement (the ‘Loan Agreement’) with Auramet International, Inc. (‘Auramet’), providing for a US$30 million secured credit facility (the ‘Credit Facility’). It is anticipated that the proceeds from the Credit Facility will be used to advance critical operational milestones at the True North Gold Project, specifically providing the capital required to purchase essential mining equipment, underground development at the True North mine, and the installation of the new crushing circuit at the mill.

Shaun Heinrichs, President and Chief Executive Officer of the Company, stated ‘We are very pleased to secure this credit facility with Auramet, a group that has a long and successful history with the True North Gold Project and a deep understanding of its potential. This US$30 million facility provides the necessary funding to advance the restart plan outlined in our recently released PEA, which showcased a high-return, low-capital-intensity path back to production. By securing this financing, we remain well-capitalized to achieve our key operational milestones at Rice Lake as we position 1911 Gold for a restart in 2027.’

Pursuant to the Loan Agreement, US$15 million of the Credit Facility (the ‘Tranche 1 Amount‘) will be made available on the Closing Date (as defined below) and, subject to the satisfaction of certain conditions precedent, the remaining US$15 million of the Credit Facility (the ‘Tranche 2 Amount‘) will be made available during the period commencing on the date that is 90 days following the Closing Date and ending on the date that is 180 days following the Closing Date. The outstanding principal amount under the Credit Facility will accrue interest at a rate of 12% per annum calculated and payable monthly in arrears on the last business day of each calendar month; provided, however, that no interest shall accrue on the Tranche 1 Amount for a period of six months following the Closing Date. The Tranche 1 Amount shall be amortized and repaid to Auramet in 12 equal monthly instalments of US$1.25 million commencing on the date that is 13 months following the Closing Date and ending on the date that is 24 months following the Closing Date (the ‘Maturity Date‘). The Tranche 2 Amount shall be repaid to Auramet on the Maturity Date.

The obligations under the Loan Agreement and the Offtake Agreement (as defined below) are secured by a first-ranking security interest on all personal property of the Company and a continuing collateral mortgage against the Company’s True North Gold Project and Rice Lake exploration properties. The Loan Agreement includes terms and conditions customary for a transaction of this nature, including certain specified positive and negative covenants and mandatory prepayment terms.

The closing of the advance of the Tranche 1 Amount is anticipated to occur prior to the end of February (the ‘Closing Date‘) and is subject to customary conditions, including the acceptance of the TSX Venture Exchange (the ‘TSXV‘).

In consideration for the arrangement of the Credit Facility, on the Closing Date, the Company will pay Auramet an arrangement fee of US$1,050,000, representing 3.5% of the aggregate principal amount of the Credit Facility, which fee is payable, at the option of the Company, in cash or by the issuance of 1,369,600 common shares in the capital of the Company (‘Common Shares‘) at a deemed price of C$1.05 per Common Share.

In consideration for the lending of the Tranche 1 Amount, on the Closing Date, the Company will pay Auramet a drawdown fee of US$375,000, representing 2.5% of the Tranche 1 Amount, which fee is payable, at the option of the Company, in cash or by the issuance of 489,142 Common Shares at a deemed price of C$1.05 per Common Share, and will issue to Auramet 4,500,000 common share purchase warrants of the Company (the ‘Tranche 1 Warrants‘), with each Tranche 1 Warrant exercisable to purchase one Common Share at an exercise price equal to C$1.07 per Common Share, representing a 10% premium to the 5-day volume-weighted average price of the Common Shares on the TSXV for the five consecutive trading days ending on (and including) the date of the Loan Agreement, with such Tranche 1 Warrants expiring on the Maturity Date, subject to acceleration.

In consideration for the lending of the Tranche 2 Amount, on the date of drawdown of the Tranche 2 Amount, the Company will pay Auramet a further drawdown fee of US$375,000, representing 2.5% of the Tranche 2 Amount, which fee is payable, at the option of the Company, in either cash or in Common Shares by issuing such number of Common Shares equal to the quotient obtained by dividing (i) the amount of the drawdown fee converted to Canadian dollars based on the Bank of Canada daily exchange rate on the business day prior to the date of drawdown of the Tranche 2 Amount, by (ii) the greater of (A) the closing price of the Common Shares on the TSXV on the trading day immediately prior to the date of drawdown of the Tranche 2 Amount, and (B) the lowest price permitted by the TSXV, and will issue to Auramet an additional 4,500,000 common share purchase warrants of the Company (the ‘Tranche 2 Warrants‘ and, together with the Tranche 1 Warrants, the ‘Warrants‘), with each Tranche 2 Warrant exercisable to purchase one Common Share at an exercise price equal to the greater of (i) a 10% premium to the 5-day volume-weighted average price of the Common Shares on the TSXV for the five consecutive trading days ending on (and including) the trading day immediately prior to the date of drawdown of the Tranche 2 Amount, and (ii) the lowest price permitted by the TSXV.

The Common Shares and the Warrants issuable pursuant to the Loan Agreement and the Common Shares underlying the Warrants will be subject to a four-month statutory hold period under applicable Canadian securities laws.

The Common Shares and the Warrants issuable pursuant to the Loan Agreement and the Common Shares underlying the Warrants 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 U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration under the U.S. Securities Act and all applicable state securities laws or compliance with the requirements of an applicable exemption therefrom. This news release shall not constitute an offer to sell or the solicitation of an offer to buy in the United States, nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful.

In connection with the Credit Facility, the Company also entered into an offtake agreement (the ‘Offtake Agreement‘) with Auramet, pursuant to which the Company will sell to Auramet 100% of gold produced from its True North Gold Project and its Rice Lake exploration properties until the date that is the later of (i) the date which is 36 months following the Closing Date, and (ii) the date on which full repayment of the Credit Facility has been made.

About Auramet

Auramet is a private company established in 2004 by seasoned professionals who have assembled a global team of industry specialists with over 400 years combined industry experience. It is one of the largest physical precious metals merchants in the world and has provided over $1.5 billion in term financing facilities to date. Auramet offers a full range of services including physical metals trading, metals merchant banking (including direct lending), and project finance advisory services to all participants in the precious metals supply chain.

About 1911 Gold Corporation

1911 Gold is an advanced gold explorer and developer focused on its 100%-owned True North Gold Project in the Archean Rice Lake Greenstone Belt in Manitoba, Canada. The Company controls a large, highly prospective ~62,000-hectare land package with numerous past-producing gold operations within trucking distance of the fully built and permitted True North mine and mill complex. 1911 Gold is positioning itself to restart operations in 2027 and offers a unique, near-term production story with significant exploration upside. The strategy is to build a district-scale gold mining operation around a centralized, and readily expandable infrastructure to support a socially and environmentally responsible, long-term mining operation with little development risk and a growing mineral resource base.

1911 Gold’s True North complex and the exploration land package are located within and among the First Nation communities of the Hollow Water First Nation and the Black River First Nation. 1911 Gold looks forward to maintaining open, cooperative, and respectful communications with all of our local communities and stakeholders to foster mutually beneficial working relationships.

ON BEHALF OF THE BOARD OF DIRECTORS

Shaun Heinrichs
President and CEO

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

This news release contains forward-looking information or forward-looking statements within the meaning of applicable securities laws (collectively, ‘forward-looking statements‘). Often, but not always, forward-looking statements can be identified by the use of words and phrases such as ‘plans’, ‘expects’ or ‘does not expect’, ‘is expected’, ‘budget’, ‘scheduled’, ‘estimates’, ‘forecasts’, ‘intends’, ‘anticipates’ or ‘does not anticipate’, or ‘believes’, or that describe a ‘goal’, or variations of such words and phrases, or statements that certain actions, events or results ‘may’, ‘could’, ‘would’, ‘might’ or ‘will’ be taken, occur or be achieved.

All statements that address expectations or projections about the future, including, but not limited to, statements about the structure and terms of the Credit Facility, the Loan Agreement and the Offtake Agreement, the use of proceeds of the Credit Facility, the timing and ability of the Company to close the advance of the Tranche 1 Amount on the terms announced or at all, the timing and ability of the Company to satisfy the conditions precedent in respect of the Credit Facility, including the receipt of necessary regulatory approvals, and the Company’s objectives, goals and future plans and strategies, are forward-looking statements. 

All forward-looking statements reflect the Company’s beliefs and assumptions based on information available at the time the statements were made. Actual results or events may differ from those predicted in these forward-looking statements. All of the Company’s forward-looking statements are qualified by the assumptions that are stated or inherent in such forward-looking statements, including the assumptions listed below. Although the Company believes that these assumptions are reasonable, this list is not exhaustive of factors that may affect any of the forward-looking statements.

Forward-looking statements involve known and unknown risks, future events, conditions, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, predictions, projections, forecasts, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to, the Company’s inability to close the Credit Facility, including the advance of the Tranche 1 Amount, on the terms described in this news release or on other terms acceptable to the Company, the Company’s inability to satisfy the conditions precedent in respect of the Credit Facility, the Company’s inability to receive necessary regulatory approvals in respect of the Credit Facility, and the Company’s inability to repay the Credit Facility or comply with the covenants set out in the Loan Agreement.

Although 1911 Gold has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

All forward-looking statements contained in this news release are given as of the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws.

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

SOURCE 1911 Gold Corporation

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Here’s a quick recap of the crypto landscape for Friday (February 20) as of 9:00 a.m. UTC.

Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrency market news.

Bitcoin (BTC) was priced at US$67,850.72, up by 1.2 percent over the last 24 hours.

Bitcoin price performance, February 20, 2026.

Chart via TradingView

Ether (ETH) was priced at US$1,959.77, up by 0.6 percent over the last 24 hours.

Altcoin price update

  • XRP (XRP) was priced at US$1.42, trading flat over 24 hours.
  • Solana (SOL) was trading at US$83.59, down by 3.1 percent over 24 hours.

Today’s crypto news to know

CME moves crypto derivatives to 24/7 schedule

CME Group will begin offering round-the-clock trading for its cryptocurrency futures and options on CME Globex starting May 29, 2026, pending regulatory approval.

The decision follows a record US$3 trillion in notional crypto derivatives volume in 2025. Year-to-date in 2026, crypto derivatives average daily volume has climbed 46 percent year over year to 407,200 contracts, while futures ADV is up 47 percent. Average daily open interest currently stands at 335,400 contracts.

By eliminating weekend closures, CME allows traders to hedge in real time as crypto markets move, reducing the price gap risk that builds when traditional markets are shut.

Bitcoin ETFs extend five-week outflow streak

Spot Bitcoin exchange-traded funds logged another US$165.8 million in net redemptions on February 19, stretching a five-week outflow streak to nearly US$4 billion.

Weekly withdrawals since mid-January have ranged from US$318 million to US$1.49 billion, raising questions about whether institutional demand is cooling.

Despite the steady redemptions, Bitcoin edged up 1.4 percent over the past day to roughly US$67,800, lifting the broader crypto market cap to around US$2.4 trillion.

Solana meme coin PUNCH surges after exchange listing

A Solana-based meme coin known as PUNCH has surged sharply after securing a listing on a major exchange, briefly jumping more than 80 percent in a single session and posting eye-catching weekly gains.

The token’s market capitalization climbed past US$30 million as it ranked among CoinGecko’s top gainers.

The coin draws branding from a viral story about a rescued baby long-tailed macaque named Punch, which gained traction across social media.

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

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

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