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Sanctioned Russian jet touches down in Cuba, echoing secret flights before Maduro’s ouster

A Russian cargo plane typically used to transfer military equipment landed at a military airfield in Havana Sunday night, echoing flight patterns seen ahead of the capture of Nicolás Maduro in Venezuela.

The U.S.-sanctioned Ilyushin Il-76, operated by Russian state-linked airline Aviacon Zitotrans, was tracked landing at San Antonio de los Baños Airfield, a Cuban military installation roughly 30 miles south of Havana, according to public flight data.

Flight-tracking records show the aircraft stopped in St. Petersburg and Sochi in Russia; Mauritania, Africa; and the Dominican Republic. Each landing would have required approval from host governments, offering a window into which countries are continuing to permit Russian military-linked aviation activity despite Western sanctions.

The same aircraft conducted flights to Venezuela, Nicaragua and Cuba in late October 2025, as tensions between Washington and Caracas escalated. That movement preceded U.S. military action in Venezuela that ultimately ended Maduro’s rule — a sequence U.S. officials and analysts have since pointed to as a warning indicator when evaluating similar Russian aviation activity in the region.

Now, Cuban President Miguel Díaz-Canel finds himself under mounting pressure from President Donald Trump, who has sharply intensified U.S. policy toward Havana in recent weeks.

On Thursday, Trump declared a national emergency related to Cuba, asserting that the Cuban government poses an ‘unusual and extraordinary threat’ to U.S. national security and foreign policy interests. The administration also said it would impose penalties on any country that sells or supplies oil to Cuba without U.S. authorization.

Trump confirmed Sunday that the U.S. is engaged in direct talks with Cuban officials.

‘Cuba is a failing nation. It has been for a long time, but now it doesn’t have Venezuela to prop it up,’ Trump told reporters at Mar-a-Lago, Florida. ‘So we’re talking to the people from Cuba, the highest people in Cuba, to see what happens. I think we’re going to make a deal with Cuba.’

Trump and Secretary of State Marco Rubio both have indicated support for political change in Havana, though the administration has not said whether it would pursue that objective through military action.

Russian military ties to Cuba have repeatedly triggered concern in Washington. While the Soviet Union’s footprint on the island receded after the Cold War, Moscow has steadily rebuilt defense and intelligence cooperation with Havana over the past decade. U.S. officials have warned that renewed Russian activity in Cuba could pose security risks close to the U.S. mainland.

The Il-76 is a heavy transport aircraft capable of carrying roughly 50 tons of cargo or up to 200 personnel, a capability that has drawn scrutiny given the operator’s history. Aviacon Zitotrans has been sanctioned by the United States, Canada and Ukraine for supporting Russia’s defense sector.

‘Aviacon Zitotrans has shipped military equipment such as rockets, warheads, and helicopter parts all over the world,’ the U.S. Treasury Department said in January 2023, when it added the airline to its sanctions list.

It remains unclear what cargo the aircraft carried on its most recent flight. During earlier operations in Venezuela, Russian state media and a Russian lawmaker said the same aircraft delivered Pantsir-S1 short-range and Buk-M2E medium-range air defense systems to Caracas. 

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GOP senator’s ‘Federal Fumbles’ report highlights $240M spent on transgender rat testing

A new report from a Senate Republican showed that in the last year, the federal government wasted millions on transgender animal tests, lab testing beagles in China and aborted fetal tissue research. 

In his 9th annual edition of ‘Federal Fumbles,’ Sen. James Lankford, R-Okla., found several instances of waste, fraud and abuse in the federal government, and he laid out a game plan to address some of the shortcomings of the past year. 

Lankford noted that after the first year of President Donald Trump’s second term, the Republican-controlled Congress was able to improve efficiency, save billions in taxpayer dollars and redefine spending in Washington, D.C. 

‘However, the work is far from over,’ Lankford wrote in the report.

‘Too often, the federal government is gridlocked, unresponsive and inefficient,’ he continued. ‘We must continue pushing through bureaucratic red tape to make the government work better for you, the taxpayer. We have so much still to do.’

Some of the more egregious examples of federal waste laid out in the report included a handful of grant programs from the National Institute of Health (NIH) held over from the Biden administration.

Among those were a roughly $240 million study on transgender ‘animal experiments involving mice, rats and monkeys.’ That grant program was eventually terminated by Trump’s Department of Government Efficiency (DOGE).

‘These NIH-funded studies attempted to model transgender adults and children by subjecting animals to hormone regimens and surgical procedures,’ Lankford wrote. 

In 2024, the Biden-led NIH funded $53 million worth of grants that allowed for ‘research using human fetal tissue obtained from elective abortions.’ And last year it was found that 17 of those grants were still active. 

Lankford noted that the NIH canceled the grants when the money flow became public after watchdog the White Coat Waste Project found that the agency was still funding them, and that the Trump administration went a step further to cancel all research involving aborted fetal tissue. 

Still, Lankford argued that unless Congress passed a law regarding the issue, ‘another pro-abortion Administration could resume or expand such projects at any time, forcing taxpayers to fund research that is both immoral and scientifically obsolete.’

Though the sums were not as eye-popping, Lankford also found that $124,000 in taxpayer money was sent to China to conduct drug research and experiments on ‘up to 300 beagles per week.’ 

Lankford said NIH announced it would not renew the contract after national scrutiny, but that there are still ’18 Chinese animal research laboratories, including several with troubling ties to the Chinese Communist Party and the People’s Liberation Army, [that] still hold NIH approval to receive U.S. funding.’

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House panel moves to consider criminal referrals for the Clintons

The House of Representatives is expected to vote this week on whether to refer former President Bill Clinton and former Secretary of State Hillary Clinton to the Department of Justice (DOJ) for criminal charges.

The House Rules Committee, the final gatekeeper before most legislation gets a chamber-wide vote, is slated to consider a pair of contempt of Congress resolutions targeting the Clintons at 4 p.m. ET on Monday.

Those resolutions are expected to pass through the committee along party lines, teeing them up for final passage as early as Tuesday or Wednesday.

Both Clintons were subpoenaed to appear before the House Oversight Committee to testify for Congress’ probe into Jeffrey Epstein.

Despite months of back-and-forth between the former first couple’s lawyers and Oversight staff, they never appeared on terms dictated by Committee Chairman James Comer, R-Ky., pushing him to initiate contempt proceedings.

‘This shows that no one is above the law,’ Comer told reporters after his panel advanced the resolutions last month. ‘I’m just real proud of the committee and look forward to hopefully getting the Epstein documents in very quickly and trying to get answers for the American people.’

The committee voted along bipartisan lines to move forward with contempt resolutions against the Clintons. Nine Democrats joined the Republicans to advance the resolution against Bill Clinton, while three voted to advance Hillary Clinton’s.

The majority of Democrats, however, have accused Comer of partisan motivations behind his Clinton contempt efforts.

The Clintons were two of 10 people subpoenaed by Comer as part of the panel’s investigation into Epstein. The subpoenas were issued following a bipartisan vote by an Oversight subcommittee panel during an unrelated hearing on illegal immigration.

Democrats on the committee have pointed out that Comer has not pushed to hold others who did not appear in contempt, nor has he made any threats against the DOJ for failing to produce all of its documents on Epstein by a deadline agreed to by Congress late last year. The department has produced a fraction of the documents expected so far.

Comer has said he is in contact with the DOJ about its document production.

If the vote this week is successful, the House will have recommended both the Clintons for prosecution by the DOJ.

A contempt of Congress charge is a felony misdemeanor that carries a maximum fine of $100,000 and up to a year in jail.

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Nicki Minaj backs voter ID laws in X post

Rapper Nicki Minaj voiced support for voter ID laws in a Sunday post on X, questioning why the issue remains a subject of debate in the United States.

‘What sensible forward thinking cutting edge leading nation is having a DEBATE on whether or not there should be VOTER ID?!?!!!! Like?!?!? They’re actually fighting NOT to have ppl present ID while voting for your leaders!!!!!’ she wrote. ‘Do you get it?!?!!!! Do you get it now?!?!!!’ 

Minaj’s comments quickly drew attention online, with some supporters praising her stance as common sense, while others argued that voter ID requirements already exist in various forms across the country.

Rep. Anna Paulina Luna, R-Fla., responded to the post, writing, ‘Ty.’

Luna has been a vocal proponent for passing the Safeguard American Voter Eligibility Act, commonly known as the SAVE Act.

The SAVE Act would require individuals to provide documentary proof of U.S. citizenship when registering to vote in federal elections. 

Under the bill, states would be barred from accepting or processing voter registration applications unless applicants present approved documentation showing they are U.S. citizens.

On Thursday, Rep. Chip Roy, R-Texas, and Sen. Mike Lee, R-Utah, introduced a revised version of the legislation, known as the SAVE America Act.

The updated bill would expand the original proposal by adding a nationwide voter ID requirement for federal elections, requiring voters to present an eligible photo identification document when casting a ballot.

The Brennan Center for Justice, a nonpartisan policy institute based in New York City, has sharply criticized the SAVE Act, arguing in a 2025 analysis that the legislation could disenfranchise tens of millions of eligible American voters.

The group said the bill’s requirement that voters present citizenship documents like a passport or birth certificate when registering or re-registering to vote would disrupt widely used registration methods and disproportionately affect voters who lack ready access to those documents.

This post appeared first on FOX NEWS

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From the Oval Office to the Trump Kennedy Center, the gilded makeover expands

Since his return to office, President Donald Trump has undertaken a series of changes aimed at reshaping the look and feel of the White House and other iconic Washington landmarks.

Over the weekend, the president announced in a Truth Social post that the Trump Kennedy Center will close later this year for a two-year renovation.

He said the decision followed a yearlong review involving contractors, arts experts and other advisers. He added that the temporary closure would allow the renovations to be completed faster and at a higher quality than if construction were carried out while performances continued. It was not immediately clear what renovations were planned, how much it would cost and what would happen to the scheduled performances.

The Trump Kennedy Center renovations are the latest in a series of design projects the former real estate developer has pursued since returning to the White House. Read on to learn more about how the world’s most famous real estate developer is leaving his mark on Washington.

‘Arc de Trump’

In October, Trump unveiled a new monument dubbed the ‘Arc de Trump,’ which is planned to commemorate the nation’s 250th anniversary next year.

At a White House ballroom fundraising dinner, Trump shared additional details about the newest monument planned for the nation’s capital. He said he was presented with three arch models in varying sizes — small, medium and large — and said his preference was for the largest one. 

If Trump chooses the largest proposed design, the arch would rise 250 feet, eclipsing the height of the Lincoln Memorial and rivaling the U.S. Capitol dome.

The monument, a near twin of Paris’s iconic Arc de Triomphe, is meant to welcome visitors crossing the Memorial Bridge from Arlington National Cemetery into the heart of the nation’s capital.

The opulent Oval Office

Trump’s taste for opulence is unmistakable in the Oval Office, where golden accents now decorate the nation’s most iconic workspace, a reflection of his personal style. Last March, Trump told Fox News host Laura Ingraham during a tour of the Oval Office that the room ‘needed a little life’ when asked about the gold details.

‘Throughout the years, people have tried to come up with a gold paint that would look like gold, and they’ve never been able to do it,’ Trump told Ingraham. ‘You’ve never been able to match gold with gold paint, that’s why it’s gold,’ Trump added.

Since then, Trump has added gold accents throughout the Oval Office to include decorative details along the ceiling and around the doorway trim. Even the cherubs inside the door frames were given a gilded makeover.

White House spokesperson Davis Ingle previously told Fox News Digital that the gold Trump added to the Oval Office ‘is of the highest quality,’ declining to provide further details. 

The spokesperson also said that Trump personally covered the cost of the gold accents, though they did not specify how much gold was added or how much Trump spent.

The White House ‘walk of fame’

Outside the Oval Office, the Trump administration unveiled the ‘Presidential Walk of Fame,’ a series of portraits of past presidents now displayed along the West Wing colonnade. The portrait of former President Joe Biden features his signature, created with an autopen, a machine that holds a pen and reproduces a person’s handwriting through programmed movements.

The Trump administration has also installed several large mirrors in gold frames along the walkway.

The luxe Lincoln bathroom

Trump said he renovated the Lincoln bathroom in the White House because it did not reflect the style of President Abraham Lincoln’s era. 

‘I renovated the Lincoln Bathroom in the White House. It was renovated in the 1940s in an Art Deco green tile style, which was totally inappropriate for the Lincoln Era,’ Trump wrote in an Oct. 31 Truth Social post.

‘I did it in black and white polished statuary marble. This was very appropriate for the time of Abraham Lincoln and in fact could be the marble that was originally there,’ he added. 

No immediate details were available on the cost of the bathroom renovation.

A ballroom fit for the White House

Among the largest projects currently underway is a 90,000-square-foot White House ballroom designed to accommodate roughly 650 seated guests. 

On July 31, White House press secretary Karoline Leavitt announced the planned construction of the sprawling ballroom. ‘The White House is currently unable to host major functions honoring world leaders in other countries without having to install a large and unsightly tent approximately 100 yards away from the main building’s entrance,’ Leavitt said during a press briefing, adding the new ballroom will be ‘a much-needed and exquisite addition.’

The White House does not have a formal ballroom, and the new ballroom will take the place of the East Wing. Construction has already begun on the White House grounds, and the estimated cost is north of $200 million and will be financed by Trump and private donors.

Towering American flags on the White House lawn

Ahead of Independence Day, Trump also personally financed the installation of two 88-foot flagpoles with American flags in front of and behind the White House, each reportedly costing around $50,000. The new flags on the North and South Lawns were raised at a June 18 ceremony.

A paved Rose Garden lawn

Elsewhere on the White House grounds, Trump directed the addition of stone pavers to the Rose Garden lawn, a change designed to better accommodate press conferences and ceremonial events.

Framed by magnolia and crabapple trees, the Rose Garden has hosted everything from diplomatic welcomes to first lady initiatives.

The White House declined to say what additional renovation projects were in the works.

This post appeared first on FOX NEWS

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New Found Gold Continues to Confirm Continuity of At-Surface High-Grade Gold at Keats Zone, Queensway Gold Project

New Found Gold Corp. (TSXV: NFG) (NYSE American: NFGC) (‘New Found Gold’ or the ‘Company’) is pleased to announce additional results from grade control drilling at the Keats zone (‘Keats’) excavation in the AFZ Core (‘AFZC’), completed as part of the Company’s 2025 drill program on its 100%-owned Queensway Gold Project (‘Queensway’ or the ‘Project’) in Newfoundland and Labrador, Canada.

Keats excavation grade control drill program highlights include:

  • 508 g/t Au1 over 2.20 m2 from 16.80 m (NFGC-25-GC-024)
  • 113 g/t Au over 3.75 m from 11.90 m (NFGC-25-GC-025)
  • 9.29 g/t Au over 37.60 m from 12.00 m (NFGC-25-GC-027)
  • 27.0 g/t Au over 10.00 m from 0.00 m (NFGC-25-GC-033)
  • 31.5 g/t Au over 6.10 m from 0.60 m (NFGC-25-GC-021)
  • 17.2 g/t Au over 9.05 m from 2.70 m (NFGC-25-GC-042)
  • 24.5 g/t Au over 6.35 m from 24.65 m (NFGC-25-GC-031)
  • 7.33 g/t Au over 19.80 m from 4.70 m (NFGC-25-GC-026)
  • 3.75 g/t Au over 21.40 m from 0.10 m (NFGC-25-GC-035)

Melissa Render, President of New Found Gold, stated: ‘Building on the initial Keats zone grade control drill results released in late 2025, these new results continue to demonstrate the high-grade tenor of this zone. The 5 by 5 metre spaced drilling is confirming strong continuity of gold mineralization occurring at or within a few metres of surface. We look forward to updating the market with the results of the remaining 2025 grade control drilling from both Keats and the Iceberg zone when available.’

Work Summary

The results presented in this release include 1,230 m of drilling in 36 diamond drill holes (‘DDH‘) from the 2025 Keats excavation grade control drill program (‘KEGCDP‘; Figures 1 to 3). The KEGCDP was designed to improve confidence in the distribution of high-grade, near-surface gold mineralization and support mine planning as outlined in the Preliminary Economic Assessment (‘PEA‘) Phase 1 open pits (see the New Found Gold press release dated July 21 2025). Drill highlights, along with detailed results for these 36 DDH, are provided in Tables 1 to 3 below.

The full KEGCDP comprises 84 DDH totalling 2,773 m; a total of 1,866 m in 52 DDH, or 62% of results have been reported to date, including 36 DDH in this release and an initial 16 DDH in the Company’s press release dated December 1, 2025. Remaining results will be reported as they become available.

Figure 1: Plan view map of the AFZC with location of Keats and Iceberg excavation
grade control drill programs.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7337/282330_77041155f49168ec_001full.jpg

  • Keats excavation grade control drill program highlights (this press release):
    • 508 g/t Au over 2.20 m from 16.80 m (NFGC-25-GC-024)
    • 113 g/t Au over 3.75 m from 11.90 m (NFGC-25-GC-025)
    • 9.29 g/t Au over 37.60 m from 12.00 m (NFGC-25-GC-027)
    • 27.0 g/t Au over 10.00 m from 0.00 m (NFGC-25-GC-033)
    • 31.5 g/t Au over 6.10 m from 0.60 m (NFGC-25-GC-021)
    • 17.2 g/t Au over 9.05 m from 2.70 m (NFGC-25-GC-042)
    • 24.5 g/t Au over 6.35 m from 24.65 m (NFGC-25-GC-031)
    • 7.33 g/t Au over 19.80 m from 4.70 m (NFGC-25-GC-026)
    • 3.75 g/t Au over 21.40 m from 0.10 m (NFGC-25-GC-035)
    • 10.6 g/t Au over 6.60 m from 0.10 m (NFGC-25-GC-022)
    • 9.94 g/t Au over 6.95 m from 0.70 m (NFGC-25-GC-030)
    • 4.87 g/t Au over 10.55 m from 22.45 m (NFGC-25-GC-039)
    • 3.37 g/t Au over 12.20 m from 0.55 m (NFGC-25-GC-017)
    • 2.27 g/t Au over 16.35 m from 21.85 m (NFGC-25-GC-057)
    • 1.45 g/t Au over 23.55 m from 8.05 m (NFGC-25-GC-032)
    • 2.12 g/t Au over 13.75 m from 7.20 m (NFGC-25-GC-028)
    • 1.52 g/t Au over 14.05 m from 3.50 m (NFGC-25-GC-045)
    • 1.64 g/t Au over 12.65 m from 33.25 m (NFGC-25-GC-029)
    • 1.78 g/t Au over 11.30 m from 4.70 m (NFGC-25-GC-034)
    • 1.55 g/t Au over 12.50 m from 0.00 m (NFGC-25-GC-024)

    Figure 2: Keats and Iceberg excavations with proposed grade control drill holes and location of results received.

    To view an enhanced version of this graphic, please visit:
    https://images.newsfilecorp.com/files/7337/282330_77041155f49168ec_002full.jpg

    The KEGCDP is testing a volume that is approximately 65 m long by 30 m deep by 40 m wide with a drill spacing of 5 m by 5 m and includes a near-surface high-grade region that was uncovered as part of the Company’s ongoing excavation program (see the New Found Gold press releases dated September 23, 2024, December 2, 2024, September 25, 2025, and December 1, 2025).

    Results released to date correlate well with the initial mineral resource estimate (‘MRE‘) block model and indicate strong continuity of high-grade mineralized shoots at Keats, providing improved definition of their geometry, with most intervals occurring at or within a few meters of surface. The detailed geostatistical data from this phase of work will further validate our resource models, specifically by increasing confidence in grade-capping and influence-limiting parameters applied to high-grade intersections in advance of a MRE update and subsequent mine planning.

    The Keats and Iceberg zones are hosted within the Keats-Baseline Fault Zone (‘KBFZ‘), a high-grade gold-bearing structure that has been defined over a current strike length of 1.9 kilometres (‘km‘). This corridor consists of a broad mineralized fault zone with limited deep drill testing to date. Drilling completed in 2024 confirms that the system extends to vertical depths of up to 1.1 km (see the New Found Gold press releases dated July 11, 2024, October 31, 2024, and April 29, 2025).

    Figure 3: Keats longitudinal section view of grade control grid location (looking northwest, +/- 12.5 m).

    To view an enhanced version of this graphic, please visit:
    https://images.newsfilecorp.com/files/7337/282330_77041155f49168ec_003full.jpg

    Looking Ahead

    The 2025 Queensway drill program included 74,377 m of drilling in 614 diamond DDH, with approximately 75% of the drilling focused on the AFZC area to support advancement of the Phase 1 mine plan as outlined in the Company’s PEA and 25% focused on exploration targets such as the Dropkick zone (‘Dropkick‘). To date, approximately 50% of the results from 2025 drilling remain outstanding, as well as channel sampling results from the Lotto excavation. These results will be reported once available.

    The 2026 Queensway drill program is underway, with four drill rigs currently active (see the New Found Gold press release dated January 21, 2026). Initial 2026 infill drilling is planned to first target PEA Phase 2 open pit resource conversion, transitioning later in the year to PEA Phase 3 underground resource conversion.

    The Company plans to expand its grade control drilling beginning in Q2/26. The next phase of work will leverage results from the 2025 program to optimize drill hole spacing and program scope. This will include completing the initial grade-control drilling at the Iceberg excavation, commencing grade-control drilling at the Lotto excavation and potentially expanding the grade-control drilling at the Keats and Iceberg excavations. The objective of this work is to improve confidence in the distribution of gold mineralization and support mine planning as outlined for the PEA Phase 1 open pits.

    Exploration drilling will focus on AFZC resource expansion including an initial grid-based program targeting the prospective corridor adjacent to the AFZ at Bullseye, continued step-outs at Dropkick, located 11 km north of the AFZC, and targeted segments of the AFZ at AFZ Peripheral. A regional drilling program testing advanced targets at Queensway South is in the planning phase and expected to commence in H2/26.

    The Company plans to file an updated Technical Report for Queensway, which will include an updated mineral resource estimate, in mid-2026

    Table 1: Drill Result Highlights.

    Hole No. From (m) To (m) Interval (m) Au (g/t) True Width (%) Zone
    NFGC-25-GC-017 0.55 12.75 12.20 3.37 60-90 Keats Excavation
    Including 2.15 2.60 0.45 63.65 55-85
    NFGC-25-GC-021 0.60 6.70 6.10 31.47 70-95 Keats Excavation
    Including 1.65 3.40 1.75 98.64 70-95
    Including 6.25 6.70 0.45 35.73 70-95
    And 21.65 33.45 11.80 2.96 70-95
    Including 21.65 22.10 0.45 20.78 70-95
    Including 27.60 28.10 0.50 10.83 70-95
    Including 31.00 31.30 0.30 25.62 70-95
    NFGC-25-GC-022 0.10 6.70 6.60 10.57 70-95 Keats Excavation
    Including 3.20 3.70 0.50 99.59 70-95
    Including 6.05 6.70 0.65 21.90 70-95
    NFGC-25-GC-024 0.00 12.50 12.50 1.55 70-95 Keats Excavation
    And 16.80 19.00 2.20 507.70 70-95
    Including 18.60 19.00 0.40 2788.50 70-95
    NFGC-25-GC-025 11.90 15.65 3.75 113.27 50-80 Keats Excavation
    Including 12.40 14.35 1.95 216.75 50-80
    NFGC-25-GC-026 4.70 24.50 19.80 7.33 65-95 Keats Excavation
    Including 4.70 6.00 1.30 90.49 65-95
    NFGC-25-GC-027 12.00 49.60 37.60 9.29 70-95 Keats Excavation
    Including 15.30 16.35 1.05 184.38 70-95
    Including 16.90 17.90 1.00 23.39 70-95
    Including 33.85 34.45 0.60 125.27 70-95
    NFGC-25-GC-028 7.20 20.95 13.75 2.12 70-95 Keats Excavation
    Including 7.70 8.10 0.40 32.55 70-95
    NFGC-25-GC-029 33.25 45.90 12.65 1.64 70-95 Keats Excavation
    NFGC-25-GC-030 0.70 7.65 6.95 9.94 70-95 Keats Excavation
    Including 1.60 2.20 0.60 17.42 70-95
    Including 4.45 5.00 0.55 16.08 70-95
    Including 5.95 6.45 0.50 87.48 70-95
    And 17.60 39.20 21.60 14.62 70-95
    Including 21.45 22.20 0.75 61.99 70-95
    Including 29.90 31.20 1.30 186.52 70-95
    NFGC-25-GC-031 24.65 31.00 6.35 24.48 70-95 Keats Excavation
    Including 29.05 30.15 1.10 132.61 70-95
    NFGC-25-GC-032 8.05 31.60 23.55 1.45 70-95 Keats Excavation
    Including 10.85 11.60 0.75 13.88 70-95
    NFGC-25-GC-033 0.00 10.00 10.00 27.01 70-95 Keats Excavation
    Including 1.10 2.60 1.50 168.65 70-95
    NFGC-25-GC-034 4.70 16.00 11.30 1.78 70-95 Keats Excavation
    Including 7.45 8.45 1.00 11.14 70-95
    NFGC-25-GC-035 0.10 21.50 21.40 3.75 70-95 Keats Excavation
    Including 0.85 1.80 0.95 40.74 70-95
    Including 12.95 13.30 0.35 15.04 70-95
    NFGC-25-GC-039 22.45 33.00 10.55 4.87 70-95 Keats Excavation
    Including 28.40 29.50 1.10 16.24 70-95
    Including 30.50 31.45 0.95 22.82 70-95
    NFGC-25-GC-042 2.70 11.75 9.05 17.24 40-70 Keats Excavation
    Including 7.20 8.95 1.75 53.22 40-70
    Including 10.20 10.50 0.30 130.40 40-70
    NFGC-25-GC-045 3.50 17.55 14.05 1.52 70-95 Keats Excavation
    Including 8.75 9.20 0.45 10.12 70-95
    NFGC-25-GC-057 21.85 38.20 16.35 2.27 65-95 Keats Excavation
    Including 21.85 22.70 0.85 23.67 65-95

     

    Note that the host structures are interpreted to be moderately to steeply dipping. Infill veining in secondary structures with multiple orientations crosscutting the primary host structures are commonly observed in drill core which could result in additional uncertainty in true width. Composite intervals reported carry a minimum weighted average of 1 g/t Au diluted over a minimum core length of 2 m with a maximum of 4 m consecutive dilution when above 200 m vertical depth and 2 m consecutive dilution when below 200 m vertical depth. Included high-grade intercepts are reported as any consecutive interval with grades greater than 10 g/t Au. Grades have not been capped in the averaging and intervals are reported as drill thickness. Details of all drill holes reported in this press release are included in Table 2 and Table 3 below.

    Table 2: Summary of composite drill hole results reported in this press release for Keats.

    Hole No. From (m) To (m) Interval (m) Au (g/t) True Width (%) Zone
    NFGC-25-GC-017 0.55 12.75 12.20 3.37 60-90 Keats Excavation
    Including 2.15 2.60 0.45 63.65 55-85
    NFGC-25-GC-018 0.35 7.10 6.75 3.03 70-95 Keats Excavation
    Including 1.40 1.85 0.45 29.82 70-95
    And 15.50 18.00 2.50 1.36 Unknown
    NFGC-25-GC-019 No Significant Values Keats Excavation
    NFGC-25-GC-020 2.15 9.00 6.85 7.29 65-95 Keats Excavation
    Including 2.15 2.80 0.65 13.63 65-95
    Including 6.80 7.60 0.80 46.46 65-95
    And 14.45 16.95 2.50 2.06 70-95
    NFGC-25-GC-021 0.60 6.70 6.10 31.47 70-95 Keats Excavation
    Including 1.65 3.40 1.75 98.64 70-95
    Including 6.25 6.70 0.45 35.73 70-95
    And 21.65 33.45 11.80 2.96 70-95
    Including 21.65 22.10 0.45 20.78 70-95
    Including 27.60 28.10 0.50 10.83 70-95
    Including 31.00 31.30 0.30 25.62 70-95
    NFGC-25-GC-022 0.10 6.70 6.60 10.57 70-95 Keats Excavation
    Including 3.20 3.70 0.50 99.59 70-95
    Including 6.05 6.70 0.65 21.90 70-95
    NFGC-25-GC-023 0.00 7.00 7.00 2.98 70-95 Keats Excavation
    Including 3.50 3.80 0.30 32.45 70-95
    And 24.00 32.90 8.90 3.39 70-95
    Including 25.90 26.50 0.60 27.63 70-95
    NFGC-25-GC-024 0.00 12.50 12.50 1.55 70-95 Keats Excavation
    And 16.80 19.00 2.20 507.70 70-95
    Including 18.60 19.00 0.40 2788.50 70-95
    NFGC-25-GC-025 11.90 15.65 3.75 113.27 50-80 Keats Excavation
    Including 12.40 14.35 1.95 216.75 50-80
    And 20.60 28.65 8.05 1.90 70-95
    Including 25.65 26.55 0.90 10.17 70-95
    And 37.70 46.40 8.70 5.94 70-95
    Including 38.90 39.50 0.60 75.27 70-95
    NFGC-25-GC-026 4.70 24.50 19.80 7.33 65-95 Keats Excavation
    Including 4.70 6.00 1.30 90.49 65-95
    NFGC-25-GC-027 12.00 49.60 37.60 9.29 70-95 Keats Excavation
    Including 15.30 16.35 1.05 184.38 70-95
    Including 16.90 17.90 1.00 23.39 70-95
    Including 33.85 34.45 0.60 125.27 70-95
    And 52.90 55.00 2.10 1.90 70-95
    Including 53.65 54.00 0.35 10.00 70-95
    NFGC-25-GC-028 7.20 20.95 13.75 2.12 70-95 Keats Excavation
    Including 7.70 8.10 0.40 32.55 70-95
    NFGC-25-GC-029 16.50 22.00 5.50 6.11 70-95 Keats Excavation
    Including 21.40 22.00 0.60 14.55 70-95
    And 33.25 45.90 12.65 1.64 70-95
    NFGC-25-GC-030 0.70 7.65 6.95 9.94 70-95 Keats Excavation
    Including 1.60 2.20 0.60 17.42 70-95
    Including 4.45 5.00 0.55 16.08 70-95
    Including 5.95 6.45 0.50 87.48 70-95
    And 17.60 39.20 21.60 14.62 70-95
    Including 21.45 22.20 0.75 61.99 70-95
    Including 29.90 31.20 1.30 186.52 70-95
    NFGC-25-GC-031 24.65 31.00 6.35 24.48 70-95 Keats Excavation
    Including 29.05 30.15 1.10 132.61 70-95
    NFGC-25-GC-032 8.05 31.60 23.55 1.45 70-95 Keats Excavation
    Including 10.85 11.60 0.75 13.88 70-95
    And 35.70 41.65 5.95 1.19 70-95
    NFGC-25-GC-033 0.00 10.00 10.00 27.01 70-95 Keats Excavation
    Including 1.10 2.60 1.50 168.65 70-95
    And 16.95 23.60 6.65 2.24 70-95
    Including 17.60 18.25 0.65 10.60 70-95
    And 34.75 37.70 2.95 1.65 45-75
    NFGC-25-GC-034 4.70 16.00 11.30 1.78 70-95 Keats Excavation
    Including 7.45 8.45 1.00 11.14 70-95
    NFGC-25-GC-035 0.10 21.50 21.40 3.75 70-95 Keats Excavation
    Including 0.85 1.80 0.95 40.74 70-95
    Including 12.95 13.30 0.35 15.04 70-95
    And 28.00 31.00 3.00 1.09 55-85
    NFGC-25-GC-036 No Significant Values Keats Excavation
    NFGC-25-GC-037 28.60 33.40 4.80 1.61 70-95 Keats Excavation
    NFGC-25-GC-038 4.35 11.50 7.15 1.93 55-85 Keats Excavation
    And 21.25 23.40 2.15 1.10 70-95
    NFGC-25-GC-039 10.15 12.60 2.45 1.01 60-90 Keats Excavation
    And 22.45 33.00 10.55 4.87 70-95
    Including 28.40 29.50 1.10 16.24 70-95
    Including 30.50 31.45 0.95 22.82 70-95
    NFGC-25-GC-040 No Significant Values Keats Excavation
    NFGC-25-GC-041 3.50 7.30 3.80 2.77 45-75 Keats Excavation
    Including 6.80 7.30 0.50 10.64 45-75
    And 16.55 26.20 9.65 2.56 70-95
    NFGC-25-GC-042 2.70 11.75 9.05 17.24 40-70 Keats Excavation
    Including 7.20 8.95 1.75 53.22 40-70
    Including 10.20 10.50 0.30 130.40 40-70
    And 17.55 24.35 6.80 1.19 70-95
    NFGC-25-GC-044 8.75 11.25 2.50 1.03 40-70 Keats Excavation
    And 15.25 17.40 2.15 1.05 40-70
    And 21.40 29.45 8.05 1.21 40-70
    NFGC-25-GC-045 3.50 17.55 14.05 1.52 70-95 Keats Excavation
    Including 8.75 9.20 0.45 10.12 70-95
    And 22.00 24.50 2.50 1.21 45-75
    NFGC-25-GC-047 24.45 27.10 2.65 1.00 70-95 Keats Excavation
    NFGC-25-GC-049 4.40 11.40 7.00 1.65 70-95 Keats Excavation
    NFGC-25-GC-051 24.80 31.05 6.25 1.32 70-95 Keats Excavation
    NFGC-25-GC-053 10.50 13.60 3.10 1.37 40-70 Keats Excavation
    And 22.40 29.10 6.70 1.14 70-95
    NFGC-25-GC-054 20.70 29.15 8.45 2.36 70-95 Keats Excavation
    Including 20.70 21.70 1.00 10.30 70-95
    NFGC-25-GC-057 0.60 2.90 2.30 1.07 65-95 Keats Excavation
    And 11.15 15.35 4.20 6.21 65-95
    Including 11.15 12.10 0.95 14.02 65-95
    And 21.85 38.20 16.35 2.27 65-95
    Including 21.85 22.70 0.85 23.67 65-95
    NFGC-25-GC-077 No Significant Values Keats Excavation
    NFGC-25-GC-114 No Significant Values Keats Excavation

     

    Note that the host structures are interpreted to be moderately to steeply dipping. Infill veining in secondary structures with multiple orientations crosscutting the primary host structures are commonly observed in drill core which could result in additional uncertainty in true width. Composite intervals reported carry a minimum weighted average of 1 g/t Au diluted over a minimum core length of 2 m with a maximum of 4 m consecutive dilution when above 200 m vertical depth and 2 m consecutive dilution when below 200 m vertical depth. Included high-grade intercepts are reported as any consecutive interval with grades greater than 10 g/t Au. Grades have not been capped in the averaging and intervals are reported as drill thickness.

    Table 3: Details of drill holes reported in this press release.

    Hole Number Azimuth (°) Dip (°) Length (m) UTM E UTM N Prospect
    NFGC-25-GC-017 300 -45 30 658204 5427542 Keats
    NFGC-25-GC-018 300 -45 21 658196 5427547 Keats
    NFGC-25-GC-019 299 -45 15 658192 5427544 Keats
    NFGC-25-GC-020 299 -45 34 658209 5427540 Keats
    NFGC-25-GC-021 299 -45 39 658220 5427533 Keats
    NFGC-25-GC-022 299 -45 12 658187 5427541 Keats
    NFGC-25-GC-023 299 -45 39 658215 5427530 Keats
    NFGC-25-GC-024 299 -45 22 658193 5427538 Keats
    NFGC-25-GC-025 299 -45 46 658225 5427513 Keats
    NFGC-25-GC-026 299 -45 30 658204 5427538 Keats
    NFGC-25-GC-027 299 -45 61 658217 5427512 Keats
    NFGC-25-GC-028 299 -45 32 658198 5427534 Keats
    NFGC-25-GC-029 298 -45 53 658210 5427516 Keats
    NFGC-25-GC-030 298 -45.3 52 658216 5427525 Keats
    NFGC-25-GC-031 298 -45 47 658211 5427509 Keats
    NFGC-25-GC-032 300 -45 54 658212 5427520 Keats
    NFGC-25-GC-033 300 -45 43 658210 5427533 Keats
    NFGC-25-GC-034 300 -45 24 658199 5427540 Keats
    NFGC-25-GC-035 300 -45 37 658204 5427531 Keats
    NFGC-25-GC-036 300 -45 21 658207 5427553 Keats
    NFGC-25-GC-037 300 -45 40 658205 5427513 Keats
    NFGC-25-GC-038 300 -45 40 658203 5427525 Keats
    NFGC-25-GC-039 300 -45 40 658229 5427540 Keats
    NFGC-25-GC-040 300 -45 25 658212 5427549 Keats
    NFGC-25-GC-041 300 -45 33 658223 5427543 Keats
    NFGC-25-GC-042 298 -45 36 658199 5427523 Keats
    NFGC-25-GC-044 298 -45 37 658194 5427514 Keats
    NFGC-25-GC-045 298 -45 28 658192 5427526 Keats
    NFGC-25-GC-047 300 -45 42 658191 5427510 Keats
    NFGC-25-GC-049 298 -45 21 658187 5427529 Keats
    NFGC-25-GC-051 300 -45 39 658189 5427506 Keats
    NFGC-25-GC-053 300 -45 33 658194 5427520 Keats
    NFGC-25-GC-054 300 -45 33 658182 5427507 Keats
    NFGC-25-GC-057 300 -45 45 658204 5427519 Keats
    NFGC-25-GC-077 300 -45 12 658168 5427524 Keats
    NFGC-25-GC-114 300 -45 14 658253 5427538 Keats

     

    Sampling, Sub-sampling, and Laboratory

    All drilling recovers HQ core. For deep holes, the core size may be reduced to NQ at depth. The drill core is split in half using a diamond saw or a hydraulic splitter for rare intersections with incompetent core.

    A geologist examines the drill core and marks out the intervals to be sampled and the cutting line. Sample lengths are mostly 1.0 meter and adjusted to respect lithological and/or mineralogical contacts and isolate narrow (<1.0m) veins or other structures that may yield higher grades.

    Technicians saw the core along the defined cutting line. One half of the core is kept as a witness sample and the other half is submitted for analysis. Individual sample bags are sealed and placed into totes, which are then sealed and marked with the contents.

    New Found Gold has submitted samples for gold determination by PhotonAssay to ALS Canada Ltd. (‘ALS‘) since February 2024. ALS operates under a commercial contract with New Found Gold.

    Drill core samples are shipped to ALS for sample preparation in Thunder Bay, Ontario. ALS does not currently have accreditation for the PhotonAssay method at their Thunder Bay, ON laboratory. They do however have ISO/IEC 17025 (2017) accreditation for gamma ray analysis of samples for gold at their Australian labs with this method, including the Canning Vale lab in Perth, WA.

    Samples submitted to ALS beginning in February 2024 received gold analysis by photon assay whereby the entire sample is crushed to approximately 70% passing 2 mm mesh. The sample is then riffle split and transferred into jars. For ‘routine’ samples that do not have VG identified and are not within a mineralized zone, one (300-500g) jar is analyzed by photon assay. If the jar assays greater than 0.8 g/t, the remaining crushed material is weighed into multiple jars and submitted for photon assay.

    For samples that have VG identified, the entire crushed sample is riffle split and weighed into multiple jars that are submitted for photon assay. The assays from all jars are combined on a weight-averaged basis.

    Select samples prepared at ALS are also analyzed for a multi-element ICP package (ALS method code ME-ICP61) at ALS Vancouver.

    Drill program design, Quality Assurance/Quality Control, and interpretation of results are performed by qualified persons employing a rigorous Quality Assurance/Quality Control program consistent with industry best practices. Standards and blanks account for a minimum of 10% of the samples in addition to the laboratory’s internal quality assurance programs.

    Quality Control data are evaluated on receipt from the laboratories for failures. Appropriate action is taken if assay results for standards and blanks fall outside allowed tolerances. All results stated have passed New Found Gold’s quality control protocols.

    New Found Gold’s quality control program also includes submission of the second half of the core for approximately 2% of the drilled intervals. In addition, approximately 1% of sample pulps for mineralized samples are submitted for re-analysis to a second ISO-accredited laboratory for check assays.

    The Company does not recognize any factors of drilling, sampling, or recovery that could materially affect the accuracy or reliability of the assay data disclosed.

    The assay data disclosed in this press release have been verified by the Company’s Qualified Person against the original assay certificates.

    Qualified Person

    The scientific and technical information disclosed in this press release was reviewed and approved by Melissa Render, P. Geo., President, and a Qualified Person as defined under National Instrument 43-101. Ms. Render consents to the publication of this press release by New Found Gold. Ms. Render certifies that this press release fairly and accurately represents the scientific and technical information that forms the basis for this press release.

    About New Found Gold Corp.

    New Found Gold is an emerging Canadian gold producer with assets in Newfoundland and Labrador, Canada. The Company holds a 100% interest in Queensway and owns the Hammerdown Operation, Pine Cove Operation and Nugget Pond Hydrometallurgical Gold Plant. The Company is currently focused on advancing Queensway to production and bringing the Hammerdown Operation into steady-state gold production.

    In July 2025, the Company completed a PEA at Queensway (see New Found Gold press release dated July 21, 2025). Recent drilling continues to yield new discoveries along strike and down dip of known gold zones, pointing to the district-scale potential that covers a +110 km strike extent along two prospective fault zones at Queensway.

    New Found Gold has a new board of directors and management team and a solid shareholder base which includes cornerstone investor Eric Sprott. The Company is focused on growth and value creation.

    Keith Boyle, P.Eng.
    Chief Executive Officer
    New Found Gold Corp.

    Contact

    For further information on New Found Gold, please visit the Company’s website at www.newfoundgold.ca, contact us through our investor inquiry form at https://newfoundgold.ca/contact/contact-us/ or contact:

    Fiona Childe, Ph.D., P.Geo.
    Vice President, Communications and Corporate Development
    Phone: +1 (416) 910-4653
    Email: contact@newfoundgold.ca

    Follow us on social media at
    https://www.linkedin.com/company/newfound-gold-corp
    https://x.com/newfoundgold

    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 release. 

    Forward-Looking Statement Cautions

    This press release contains certain ‘forward-looking statements’ within the meaning of Canadian securities legislation, including relating to the current drill program on its Queensway Gold Project in Newfoundland and Labrador, Canada, and the timing, results and interpretation and use of the drill results; future drill programs and the timing and focus thereof; the excavation program and the timing and results thereof; future exploration and the objectives and timing thereof, including future drilling and excavation; exploration, drilling and mineralization at Queensway; the extent of mineralization and the continuity of high-grade gold mineralization; the potential conversion of mineral resources; potential resource expansion; a mineral resource update and the timing thereof; focus on growth and value creation; and the merits of Queensway. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words ‘expects’, ‘plans’, ‘anticipates’, ‘believes’, ‘interpreted’, ‘intends’, ‘estimates’, ‘projects’, ‘aims’, ‘suggests’, ‘indicate’, ‘often’, ‘target’, ‘future’, ‘likely’, ‘pending’, ‘potential’, ‘encouraging’, ‘goal’, ‘objective’, ‘prospective’, ‘possibly’, ‘preliminary’, and similar expressions, or that events or conditions ‘will’, ‘would’, ‘may’, ‘can’, ‘could’ or ‘should’ occur, or are those statements, which, by their nature, refer to future events. The Company cautions that forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made, and they involve a number of risks and uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Except to the extent required by applicable securities laws and the policies of the TSXV, the Company undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change. Factors that could cause future results to differ materially from those anticipated in these forward-looking statements include risks associated with the Company’s ability to complete exploration and drilling programs as expected, possible accidents and other risks associated with mineral exploration operations, the risk that the Company will encounter unanticipated geological factors, risks associated with the interpretation of exploration results and the results of the metallurgical testing program, the possibility that the Company may not be able to secure permitting and other governmental clearances necessary to carry out the Company’s exploration plans, the risk that the Company will not be able to raise sufficient funds to carry out its business plans, and the risk of political uncertainties and regulatory or legal changes that might interfere with the Company’s business and prospects. The reader is urged to refer to the Company’s Annual Information Form and Management’s Discussion and Analysis, publicly available through the Canadian Securities Administrators’ System for Electronic Document Analysis and Retrieval (SEDAR+) at www.sedarplus.ca for a more complete discussion of such risk factors and their potential effects.

    1 g/t Au= grams of gold per tonne
    2 m = metres

    To view the source version of this press release, please visit https://www.newsfilecorp.com/release/282330

    News Provided by TMX Newsfile via QuoteMedia

    This post appeared first on investingnews.com

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    Homerun Resources Inc. Completes District Control Strategy with Purchase Agreement for 582 Hectares of Land and Surface Rights over Santa Maria Eterna High Purity Silica Sand District, in Belmonte, Bahia, Brazil

    KEY HIGHLIGHTS:

    • With this transaction, together with previous CBPM mineral lease acquisitions and long-term supply and surface rights agreements, Homerun has completed the District Control Strategy initiated in Q1 2023 and secures long-life economic interests and control over the SME Silica Sand District, providing security of supply, scale and the location for the Company’s planned high purity silica sand industrial complex.

    Homerun Resources Inc. (TSXV: HMR,OTC:HMRFF) (OTCQB: HMRFF) (‘Homerun’ or the ‘Company’) is pleased to announce that the Company has signed a purchasing agreement (the ‘Agreement’) over the FAZENDA CONJUNTO SÃO JOSÉ E NOVA ESPERANÇA, located in the Municipality of Belmonte, Bahia, Brazil, in the district of Santa Maria Eterna (‘SME’). The Agreement covers a total area of 582 hectares and represents the final component of the District Control Strategy initiated in Q1 2023 and secures long-life economic interests and control over the SME Silica Sand District, providing security of supply, scale and the location for the Company’s planned high purity silica sand industrial complex.

    Completing the SME District Control Strategy

    Over the past three years, Homerun has executed a staged consolidation strategy over the SME Silica Sand District, starting with a stated plan but no initial position in the SME District, the Company has now secured mineral leases, supply agreements, surface rights and now direct land ownership within the SME District. This strategy has now delivered the competitive advantage of effective district-scale control of this unique high-purity silica resource which can provide decades of substantial silica sand supply for downstream industrial use.

    The land being acquired under the Agreement for Fazenda Conjunto São José e Nova Esperança is directly contiguous with Homerun’s 99-year, renewable surface rights over Fazenda São José, which were secured in December 2025 specifically for the installation of the Company’s silica sand industrial complex, including processed silica and solar glass manufacturing. Together with Homerun’s three CBPM mineral lease acquisitions and its long-term Material Supply Agreements, this land position completes the SME District Control Strategy.

    Figure 1 – Map of Fazenda Conjunto São José e Nova Esperança, Fazenda São José and related rights

    To view an enhanced version of this graphic, please visit:
    https://images.newsfilecorp.com/files/4082/282364_ac8fc2f434b8891e_001full.jpg

    Brian Leeners, CEO of Homerun stated, ‘Just over three years ago we were the only party to identify the globally unique value of the SME Silica Sand District as a critical material supply for the global solar and energy storage sectors. At that time, we set about on an ambitious plan to commercially control the SME Silica Sand District. An ambitious plan considering Homerun had no position in the district and minimal financial resources, at that time. That original plan has manifested today into Homerun obtaining that desired control of the SME Silica Sand District through direct resource ownership, resource partnership and direct land ownership. Homerun’s SME control is a key requirement for the execution of the next phases of the Company’s strategic plan – developing and capitalizing Homerun’s high-margin silica processing and antimony-free solar glass manufacturing in the SME Silica Sand District on the industrial site now controlled by Homerun.’

    The US$ 1,100,000 purchase price under the Agreement is, to be paid as follows:

    • US$ 500,000 via wire transfer, in 5 equal and successive monthly installments, the first installment being due on June 25, 2026.
    • US$ 600,000 in Homerun common shares, priced at market value at the time of the Agreement which is CA$1.00, subject to TSX Venture Exchange approvals and the four-month statutory hold period and to re-purchase and anti-dumping clauses.

    The Agreement also transfers the standard Brazilian Mineral Lease/Royalty Rights for mineral exploration with Third Parties from resources within land/surface rights areas.

    About Homerun

    Homerun is building the silica-powered backbone of the energy transition across four focused verticals: Silica, Solar, Energy Storage, and Energy Solutions. Anchored by a unique high-purity low-iron silica resource in Bahia, Brazil, Homerun transforms raw silica into essential products and technologies that accelerate clean power adoption and deliver durable shareholder value.

    • Silica: Secure supply and processing of high-purity low-iron silica for mission-critical applications, enabling premium solar glass and advanced energy materials.
    • Solar: Development of Latin America’s first dedicated 1,000 tonne per day high-efficiency solar glass plant and the commercialization of antimony-free solar glass designed for next-generation photovoltaic performance.
    • Energy Storage: Advancement of long-duration, silica-based thermal storage systems and related technologies to decarbonize industrial heat and unlock grid flexibility.
    • ⁠Energy Solutions: AI-enabled energy management, control systems, and turnkey electrification solutions that reduce costs and optimize renewable generation for commercial and industrial customers.

    With disciplined execution, strategic partnerships, and an unwavering commitment to best-in-class ESG practices, Homerun is focused on converting milestones into markets—creating a scalable, vertically integrated platform for clean energy manufacturing in the Americas.

    On behalf of the Board of Directors of
    Homerun Resources Inc.

    ‘Brian Leeners’

    Brian Leeners, CEO & Director
    brianleeners@gmail.com / +1 604-862-4184 (WhatsApp)

    Tyler Muir, Investor Relations
    info@homerunresources.com / +1 306-690-8886 (WhatsApp)

    FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

    The information contained herein contains ‘forward-looking statements’ within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be ‘forward-looking statements’.

    Neither the 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.

    To view the source version of this press release, please visit https://www.newsfilecorp.com/release/282364

    News Provided by TMX Newsfile via QuoteMedia

    This post appeared first on investingnews.com

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    JZR Gold Reflects on a Year of Execution and Looks Ahead to a Transformational 2026

    (TheNewswire)

     

    February2, 2026 TheNewswire – Vancouver, British Columbia, Canada – JZR Gold Inc. (the ‘Company’ or ‘JZR’) (TSX-V: JZR) today provides a review of key operational and corporate progress achieved during 2025, while outlining expectations for 2026 as the Company works with its partners toward revenue generation and cash flow from its interest in the Vila Nova Gold Project (the ‘Project’ or ‘Vila Nova Project’) in Brazil.

     

    2025 Highlights

    • Advanced the Vila Nova Gold Project to production, successful installment of a gravimetric which led the production of gold concentrate. 

     

    2025 Vila Nova Activity Update

     

    Over the past year, JZR focused on disciplined execution and working diligently with ECO Mining Oil & Gaz Drilling Exploration (EIRELI) (‘ECO‘), the operator of the Vila Nova Gold Project located in the State of Amapa, Brazil.  The Company’s and ECO’s combined efforts resulted in the Vila Nova Gold Project receiving all required approvals to bring the Project closer to production.  The Company possesses a 50% Net Profit Interest (as defined in a Joint Venture Royalty Agreement (‘JVRA‘) with ECO) from all Net Profit (as defined in the JVRA) generated from the Vila Nova Gold Project.  In October 2025, the Company was advised that ECO completed commissioning and testing of the 800 tonnes-per-day gravimetric mill and produced the project’s first gold concentrate.

     

    Throughout 2025, ECO advanced the facility toward steady-state operations by hiring and training personnel, replacing and upgrading several components, and optimizing plant performance. Following initial concentrate production, material has been stockpiled on site while the operation focused on processing higher-grade material once operational consistency has been achieved. The Company has been advised that two potential buyers of gold concentrate have since visited the site to review the facility and operations, and concentrate samples have been submitted for independent analysis, with results expected in the near term.

     

    ‘These steps were not isolated milestones,’ said Robert Klenk, Chief Executive Officer of JZR Gold. ‘They reflect a methodical progression toward sustainable operations by ECO. The focus throughout 2025 was ensuring that ECO was able to secure the necessary permits, and to ensure that the plant, people, and processes were in place to support anticipated long-term production by ECO.’

     

    In parallel with operational advancement, JZR strengthened its financial position. In October 2025, the Company received $1.6 million in proceeds from the full exercise of outstanding warrants, providing additional working capital flexibility while limiting shareholder dilution.

     

    Looking ahead, management expects 2026 to represent a transformational year. ECO is working toward fully ramping the Vila Nova facility to its designed capacity of 800 tonnes per day, positioning the Project to generate gold concentrate sales, revenue, and cash flow. Under the JVRA, JZR earned a 50% interest in 2023 in the Project by making certain payments to ECO totaling US$6,000,000, which funded 100% of the purchase and installation of the processing plant and mill. Once revenue is generated by ECO, as anticipated, JZR is to be repaid for those capital contributions while retaining its 50% Net Profit Interest.

     

    Importantly, the Vila Nova Project stands apart in an increasingly scrutinized regulatory environment, underscoring the value of JZR and ECO’s long-standing commitment to operating a fully licensed and permitted project at both the state and federal levels. ‘As governments increase oversight, compliant projects with established permits and infrastructure become increasingly valuable,’ Klenk added. ‘We believe Vila Nova is well-positioned in that regard, and we are proud of the responsible framework under which the project has been developed.’

     

    With operational readiness largely established, financing risk reduced, and regulatory clarity in place, JZR enters 2026 with a clear objective: to transition from an issuer with an interest in non-revenue exploration assets to a revenue-generating royalty holder with cash flow. Management believes the groundwork laid over the past year has positioned the Company to pursue that goal with discipline and confidence.

     

    Marketing Agreement with AllPennyStocks.com Media Inc.

    The Company is pleased to announce it has entered into a marketing agreement with AllPennyStocks.com Media Inc. (‘APS‘), subject to TSXV approval.

     

    Pursuant to its agreement with APS (the ‘APS Agreement‘), APS will provide investor relations and marketing services to the Company over an initial term of eight (8) months, commencing February 3, 2026, in consideration of an aggregate of US$67,500.00. APS will work with the Company to develop and release a series of media syndication articles through an expanded distribution circuit designed to increase investor awareness of the Company. APS is based in Mississauga; Ontario based and operates the website https://www.allpennystocks.com/. Neither APS, nor any of its respective directors or officers own any securities of the Company or any right to acquire securities of the Company. APS is an arm’s length party to the Company.

     

    APS, founded in 1999, is a leading authority in the micro-cap space, with its content prominently featured across numerous top-tier financial platforms, reaching a broad audience of investors and industry professionals.

     

    Results of 2025 Annual General and Special Shareholder’s Meeting

     

    The Company is also pleased to announce the results of its 2025 Annual General and Special Meeting (‘AGM‘) of shareholders held on Wednesday, December 31, 2025. Shareholders approved all the resolutions detailed in the management information circular of the Company (the ‘Circular‘), including:

     

    • Electing all of management’s nominees to the Board of Directors of the Company. 

    • Approving and reconfirming the Equity Incentive Plan for the Company. 

     

    A total of 29,848,272 common shares of the Company were voted at the AGM, representing approximately 38.32% of the issued and outstanding common shares of the Company.

     

    About JZR Gold Inc.

     

    JZR Gold Inc is a junior mining resource company listed on the TSX Venture Exchange. It is engaged in the business of the exploration and development of mineral properties. The Company holds interests in the Province of British Columbia, Canada and the State of Amapá, Brazil. The Spider mine in B.C. are gold and silver exploration targets. The Company’s flagship exploration interest is the Vila Nova Gold Project, which is currently in the development stage.

     

    For more information, please visit our website at www.jzrgold.com.

     

    For further information, please contact:

     

    Robert Klenk

    Chief Executive Officer

    E: rob@jazzresources.ca
    T: 604.329.9092

     

    Forward-Looking Statements

     

    This news release contains forward-looking statements, which includes any information about activities, events or developments that the Company believes, expects or anticipates will or may occur in the future.  Forward-looking statements in this news release include statements with respect to the expected processing of high-grade material from the Project and subsequent sales of product derived therefrom, statements regarding the Company’s transition to a revenue-generating issuer with cash flow, statements regarding the services to be provided by APS and statements with respect to the anticipated use of proceeds from the exercise of the Warrants.  Forward-looking information reflects the expectations or beliefs of management of the Company based on information currently available to it.  Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information.  These factors include, but are not limited to: risks associated with the business of the Company; business and economic conditions in the mineral exploration industry generally; the supply and demand for labour and other project inputs; changes in commodity prices; changes in interest and currency exchange rates; risks related to inaccurate geological and engineering assumptions; risks relating to unanticipated operational difficulties (including failure of equipment or processes to operate in accordance with the specifications or expectations, unavailability of materials and equipment, government action or delays in the receipt of government approvals, industrial disturbances or other job action and unanticipated events related to health, safety and environmental matters); risks related to adverse weather conditions; geopolitical risk and social unrest; changes in general economic conditions or conditions in the financial markets; and other risk factors as detailed from time to time in the Company’s continuous disclosure documents filed with the Canadian securities regulators.  The forward-looking information contained in this press release is expressly qualified in its entirety by this cautionary statement.  The Company does not undertake to update any forward-looking information, except as required by applicable securities laws.

     

    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 press release.

     

    None of the securities of JZR have been registered under the U.S. Securities Act of 1933, as amended (the ‘U.S. Securities Act’), or any state securities law, and may not be offered or sold in the United States or to, or for the account or benefit of, persons in the United States or ‘U.S. persons’ (as such term is defined in Regulation S under the U.S. Securities Act) absent registration or an exemption from such registration requirements. 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.

    NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.

    Copyright (c) 2026 TheNewswire – All rights reserved.

    News Provided by TheNewsWire via QuoteMedia

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    Crypto Market Update: Bitcoin Drops to New Lows After Weekend Sell-off

    Here’s a quick recap of the crypto landscape for Monday (February 2) 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 and Ether price update

    Bitcoin (BTC) was priced at US$76,827.62, down by 0.9 percent over 24 hours.

    Bitcoin price performance, February 2, 2025.

    Chart via TradingView

    Bitcoin slid to its lowest level since April last year over the weekend, briefly touching the US$74,000 mark. The drop capped Bitcoin’s fourth consecutive monthly decline and its longest losing streak in seven years.

    “The crypto market is currently suffering from panic among speculative participants,” said Samer Hasn, senior market analyst at XS.com, pointing to a steep contraction in derivatives activity and persistent outflows from spot Bitcoin exchange-traded funds.

    According to CoinGlass data, total crypto futures open interest has fallen to US$109 billion, down 53 percent from its all-time high, while Bitcoin futures open interest alone has declined 44 percent from peak levels.

    Geopolitical uncertainty has added another layer of strain. “Concerns surrounding the situation with Iran were the main news factor weighing on the market,” said Vasily Shilov, chief business development officer at SwapSpace. Shilov noted that heightened geopolitical rhetoric, combined with trade threats and the Federal Reserve’s decision to keep rates unchanged, has pushed investors toward liquid assets and away from higher-risk exposure.

    Some analysts caution that bearish sentiment may persist into the first half of the year. Ray Youssef, chief executive officer of NoOnes, said capital outflows into precious metals and uncertainty around US fiscal policy have tilted market dynamics firmly in favor of sellers.

    While Bitcoin found temporary support near US$75,000, Youssef said the US$73,000 level is now critical, with a sustained break potentially accelerating losses. Investors now look towards upcoming developments on US economic data and the Congress’ direction on crypto policy as signals on whether the current drawdown marks another stress test or the start of a deeper bear phase.

    Ether (ETH) was priced at US$2,248.63, down by 3.3 percent over the last 24 hours.

    Altcoin price update

    • XRP (XRP) was priced at US$1.59, trading flat over 24 hours.
    • Solana (SOL) was trading at US$101.74, down 2.4 percent over 24 hours.

    Today’s crypto news to know

    Bitcoin weekend slide wipes out Trump-era rally

    Bitcoin’s latest sell-off has erased the entirety of its Trump-era gains, with prices tumbling over the weekend to around US$77,000 amid thin liquidity and forced liquidations.

    The drop accelerated after Bitcoin failed to hold the US$80,000 level, briefly slipping below US$76,000 and triggering rapid sell-offs that shaved thousands of dollars off the price in minutes.

    Notably, the drop also pushed Bitcoin below the average entry price of Strategy (NASDAQ:MSTR), a symbolic line that added pressure in a market already jittery from slowing ETF inflows and elevated leverage.

    The downturn marks the cryptocurrency’s lowest level since April 2025, when markets were rattled by US tariff announcements under Donald Trump. In total, Bitcoin is now down nearly 12 percent year to date and roughly 25 percent since Trump’s second-term inauguration, reversing a rally that once carried it close to US$125,000 on hopes of crypto-friendly policy.

    Those expectations included looser regulation, the passage of stablecoin legislation, and the winding down of high-profile enforcement cases. Instead, tariff threats and persistent geopolitical tensions have undercut the “digital gold” narrative.

    Analysts are now watching the US$74,500 and US$69,000 levels as potential stress points, warning that a break could deepen the risk-off move.

    Washington scrambles to salvage landmark crypto bill

    Senior Wall Street bankers, crypto executives, and policymakers are set to meet in Washington as the fate of the long-awaited Clarity Act hangs in the balance, sources familiar with the matter told CoinDesk.

    The White House has stepped in to mediate a standoff between major banks and crypto firms, including Coinbase, over whether platforms should be allowed to pay yield on stablecoin balances.

    The bill is designed to establish clear lines of authority across US crypto markets, covering everything from exchanges and DeFi to tokenized real-world assets. Supporters say passing it would cement crypto’s legitimacy within mainstream finance and open the door for deeper bank participation.

    But progress has stalled after the Senate Agriculture Committee advanced part of the bill on a narrow, party-line vote, raising doubts about its ability to win broader Democratic support.

    Coinbase CEO Brian Armstrong has publicly criticized recent drafts, arguing that certain key amendments would undermine stablecoin incentives.

    Chinese crime networks moved US$16 billion in crypto last year, report finds

    Chinese-language organized crime groups moved an estimated $16 billion in cryptocurrency in 2025, accounting for roughly one-fifth of global illicit crypto activity, according to a new report from Chainalysis.

    These networks rely heavily on Telegram-based “guarantee” channels that act as informal escrow and marketing hubs for money laundering services. Investigators say the platforms facilitate not just laundering, but also human trafficking, scam operations, and the sale of equipment used in Southeast Asian fraud centers.

    Stablecoins such as USDT and USDC are favored for their liquidity and lower volatility, which helps criminals avoid losses while moving funds. Chainalysis estimates the networks laundered roughly US$44 million per day, often serving clients ranging from organized crime syndicates to sanctioned state actors.

    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.

    This post appeared first on investingnews.com

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    Randy Smallwood Makes the Case for Gold Streaming in High-Price Market

    Gold streaming took center stage at the Vancouver Resource Investment Conference (VRIC) last week as Randy Smallwood, president and chief executive officer of Wheaton Precious Metals (TSX:WPM,NYSE:WPM)s, laid out why the model is drawing renewed investor attention amid record gold and silver prices.

    Speaking during a fireside chat at the conference, Smallwood positioned streaming as a lower-risk way for investors to gain exposure to precious metals at a time when rising commodity prices are amplifying cost pressures across the mining sector.

    “From the investor’s perspective, streaming is a much lower risk way of investing into the precious metal space,” Smallwood said.

    Under a streaming agreement, companies like Wheaton provide upfront capital to mining operators in exchange for a percentage of future metal production, typically at a fixed cost per ounce. That structure, he said, shields streamers from many of the operational risks that weigh on traditional miners.

    “One of the biggest failures in the mining industry is cost delivery—capital cost and operating cost,” Smallwood said. “When you’re investing into a streaming company, you take that risk out. Our costs are all defined in the contract.”

    At current prices, that distinction has become more pronounced. Gold has been trading above US$5,000 per ounce, while silver recently pushed past US$100, levels that have reignited investor interest but also raised concerns about inflation in mining costs.

    Smallwood said Wheaton’s model allows it to maintain high margins even in a higher-price environment, noting that the company’s average production payment last year was “probably $500 per gold equivalent ounce.”

    “It’s a very good time to be in a streaming business,” he said.

    Wheaton in particular is coming off a strong 2025. Smallwood said the company expects 2025 production to come in near the top of its previously guided range of 600,000 to 670,000 gold equivalent ounces, with cash costs slightly below US$500 per ounce. Updated guidance is expected mid-February.

    The company has also been active on the deal front. In 2025, Wheaton committed roughly US$1 billion across several transactions, including investments in the Spring Valley project in Nevada and the Hemlo gold mine in Ontario.

    The Hemlo transaction, finalized in November, illustrates how streaming fits into broader mine recapitalizations. As Barrick Mining (TSX:ABX,NYSE:B) exited the asset, Wheaton closed a previously announced gold stream with the mine’s new owner, providing US$300 million in upfront funding as part of a larger financing package.

    How does streaming works?

    Gold streaming and royalty agreements offer investors exposure to precious metals while limiting many of the operational risks faced by traditional mining companies.

    Under a typical royalty agreement, a royalty company provides funding for the exploration or development of a project in exchange for a percentage of future revenue if the mine enters production.

    Streaming arrangements are similar but differ in structure: instead of receiving revenue, streaming companies take delivery of a fixed portion of the metal produced, or retain the right to purchase that metal at a predetermined price well below market value.

    These structures benefit both sides of the transaction. Mining companies gain access to substantial upfront capital during the costly construction or expansion phases of a project, without taking on debt or issuing equity at a discount.

    Streaming and royalty companies, meanwhile, secure long-term exposure to gold and silver production at fixed costs, insulating them from cost overruns, operating inflation and many of the risks associated with mine ownership.

    One of the most prominent examples is Franco-Nevada (TSX:FNV,NYSE:FNV)’s stream on Lundin Mining (TSX:LUN,OTCPL:LUNMF)’s Candelaria copper mine in Chile. As part of Lundin’s 2014 acquisition of Freeport-McMoRan (NYSE:FCX)’s stake in the asset, Franco-Nevada provided US$648 million in exchange for a majority stream of Candelaria’s gold and silver production, delivered at prices far below prevailing market levels.

    Smallwood said the higher-price environment has also broadened the pipeline of potential streaming opportunities.

    “The era of multi-billion-dollar streams is coming,” he said, pointing to major producers looking to crystallize value from precious-metal by-products to fund large capital programs in copper and other base metals.

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

    This post appeared first on investingnews.com

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