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Iran’s Khamenei issues direct warning to United States in Russian-language posts

As Iran faces escalating nationwide protests and rising verbal threats from the Trump administration, Iran’s Supreme Leader Ayatollah Ali Khamenei delivered a pointed warning to the United States this week from an unusual platform — his Russian-language account on X — a move analysts say underscores Tehran’s alignment with Moscow as pressure mounts on the regime.

In a post dated Jan. 11, Khamenei wrote in Russian, ‘The United States today is miscalculating in its approach toward Iran.’ Hours later, he followed with a second message, also in Russian, warning that Americans had suffered defeat before because of ‘miscalculations’ and would do so again because of ‘erroneous planning.’

Ksenia Svetlova, executive director of the Regional Organization for Peace, Economy and Security (ROPES) and an associate fellow at Chatham House, said the language choice was telling, even if the execution was clumsy.

‘This is bad Russian,’ Svetlova told Fox News Digital. ‘It seems that it’s translated by Google Translate, not by a human being.’ Still, she said the use of Khamenei’s Russian-language account was no surprise given how closely Iran and Russia have aligned in recent years.

Khamenei’s warning came as Iran’s internal crisis continued to deepen. According to HRANA, a human rights organization tracking the unrest, at least 544 people have been killed in nationwide protests, with dozens of additional cases still under review. Opposition group NCRI has claimed the death toll is far higher — more than 3,000 — though exact figures remain difficult to verify amid widespread internet blackouts imposed by Iranian authorities.

President Donald Trump has led U.S. criticism in response to the rising death toll. In response to a question about whether Iran had crossed a red line, Trump responded by saying, ‘They’re starting to, it looks like. And they seem to be some people killed that aren’t supposed to be killed. These are violent. If you call them leaders, I don’t know if they’re leaders, or just they rule through violence. But we’re looking at it very seriously,’ he said on Sunday aboard Air Force One. 

‘We’re looking at some very strong options,’ he added.

Iranian leaders have pushed back, accusing Washington of interference and warning that any U.S. military action would trigger retaliation against American forces and allies in the region.

At the same time, Tehran has signaled it wants to keep diplomatic back channels open. Iranian Foreign Ministry spokesman Esmaeil Baghaei said Monday that communication between Foreign Minister Abbas Araghchi and U.S. special envoy Steve Witkoff remains active. Axios separately reported that Araghchi reached out to Witkoff over the weekend amid Trump’s warnings of possible military action.

Despite those overtures, analysts say Khamenei’s Russian-language message reflects where Iran sees its most reliable strategic partner.

Russia has become a critical lifeline for Tehran, particularly as Moscow relies on Iranian-supplied drones and other military equipment for its war in Ukraine. That dependence, Svetlova said, means Iran’s internal instability could carry serious consequences for the Kremlin.

‘I think that could be a dramatic effect, because they do depend on Iran — specifically military production, the drones and ballistic missiles,’ she said. ‘They need them to continue their war against Ukraine.’

Yet the partnership has also fueled resentment inside Iran. Svetlova pointed to criticism following the 12-day war with Israel, when many Iranians accused Moscow of failing to come to Tehran’s aid.

‘There was a lot of criticism in Iran against Russia that it did not come to help,’ she said. ‘It didn’t reach out. It didn’t do anything, basically.’

Still, she said Russia has few alternatives as its global position narrows. With longtime allies weakened or toppled, such as Bashar al-Assad in Syria and Nicolás Maduro in Venezuela, Moscow is increasingly reliant on Tehran — even as it remains largely silent about the protests rocking Iran.

Against that backdrop, Svetlova explained, Khamenei’s warning in Russian appears like a signal — to Washington and to Moscow — that Iran sees its confrontation with the United States as part of a shared front with President Vladimir Putin.

This post appeared first on FOX NEWS

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Republican senator vows to block Trump Fed nominee over Powell investigation

A Senate Republican again plans to act as a roadblock to President Donald Trump, this time against any potential replacement for Federal Reserve Chair Jerome Powell.

Sen. Thom Tillis, R-N.C., announced that he would block any future nominee to serve as chair of the Fed following the revelation that Powell was under criminal investigation for testimony he gave regarding the renovation at the Federal Reserve.

‘If there were any remaining doubt whether advisors within the Trump Administration are actively pushing to end the independence of the Federal Reserve, there should now be none,’ Tillis said on X. ‘It is now the independence and credibility of the Department of Justice that are in question.’

‘I will oppose the confirmation of any nominee for the Fed — including the upcoming Fed Chair vacancy — until this legal matter is fully resolved,’ he continued.

Tillis’ decision comes with weight — as a member of the Senate Banking Committee, he would get an immediate say on who does and doesn’t pass muster to be the next chair of the Federal Reserve.

And that’s a reality that will likely soon play out, given that Powell’s term as chair expires in May, though he is still slated to stay on the central bank’s board of governors until 2028.

It’s also not the first time he’s stood directly in the path of Trump. Tillis last week announced that he would be blocking all future Department of Homeland Security (DHS) nominees until DHS Secretary Kristi Noem appears before the Senate Judiciary Committee.

A DHS spokesperson told Fox News Digital, ‘Secretary Noem testified on Capitol Hill less than a month ago and remains committed to transparency and continued engagement with Congress.’

‘While the Department does not currently have any nominees pending before the Senate, we hope senators will refrain from holding President Trump’s appointments in a way that could compromise our national security,’ they said.

The lawmaker’s line in the sand came after the U.S. Attorney’s Office for the District of Columbia launched an investigation into Powell over testimony he gave before the Senate Banking Committee last June regarding the renovation of the central bank’s Washington headquarters. The probe is focused on whether Powell lied to lawmakers about the scope of the project.

It comes after a year of tension between Powell and Trump, who has long sought to replace him atop the central bank. And notably, the renovation of the Federal Reserve’s building in the District is not on the taxpayer dime, but rather its own coffers.

‘This new threat is not about my testimony last June or about the renovation of the Federal Reserve buildings,’ Powell said in a video statement.

‘The threat of criminal charges is a consequence of the Federal Reserve setting interest rates based on our best assessment of what will serve the public, rather than following the preferences of the President,’ he continued. ‘This is about whether the Fed will be able to continue to set interest rates based on evidence and economic conditions, or whether instead monetary policy will be directed by political pressure or intimidation.’

Sen. Elizabeth Warren, D-Mass., the top ranking Democrat on the Senate Banking Committee, similarly panned the criminal investigation into Powell and charged that Trump sought to ‘install another sock puppet to complete his corrupt takeover of America’s central bank.’

‘Trump is abusing the authorities of the Department of Justice like a wannabe dictator, so the Fed serves his interests, along with his billionaire friends,’ Warren said in a statement. ‘This Committee and the Senate should not move forward with any Trump nominee for the Fed, including Fed Chair.’

The Fed tweaked interest rates in December, dropping them by 0.25%, marking the third straight time the central bank slashed rates. Still, the cut was not enough for Trump, who demanded a sharper drop.

In the aftermath, Trump said that he would seek a new Federal Reserve chair that would slash interest rates ‘by a lot.’

‘I’ll soon announce our next chairman of the Federal Reserve, someone who believes in lower interest rates, by a lot, and mortgage payments will be coming down even further,’ Trump said.

This post appeared first on FOX NEWS

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Trump declares himself Venezuela’s ‘acting president’ in online post after Maduro ouster

President Donald Trump branded himself as the ‘president’ of Venezuela in a social media post Sunday night, after signaling that the U.S. would oversee Caracas, Venezuela, for years. 

Trump shared a doctored image that looked like a Wikipedia page that identified him as ‘Acting President of Venezuela’ since January 2026, after the U.S. conducted strikes in Venezuela and seized its dictator, Nicolás Maduro. 

Trump said Jan. 3 that the U.S. would run Venezuela until a safe transition could occur, and he told The New York Times in an interview published Wednesday that he anticipated that the U.S. would oversee Venezuela ‘much longer’ than six months or a year. Even so, he did not share a more detailed estimated timeline. 

The social media post also comes as the Trump administration has sought to reassert U.S. dominance in the Western Hemisphere, and has claimed it’s revived the Monroe Doctrine, rebranded as the ‘Don-roe Doctrine,’ which originally sought to limit European influence in Latin America and to protect U.S. influence in the region.

The Monroe Doctrine, first introduced in 1823 by President James Monroe, eventually was used to justify U.S. actions in the region as an ‘international police power’ under former President Theodore Roosevelt, according to the National Archives.

In response to questions from Fox News Digital regarding whether the post was shared jokingly, and what it suggests about how long the U.S. will be involved in running Venezuela, White House spokeswoman Anna Kelly told Fox News Digital: ‘President Trump will be the greatest President for the American and Venezuelan people in history. Congratulations, world!’

Trump announced Jan. 3 that U.S. special forces conducted a ‘large-scale strike’ against Caracas, Venezuela, and seized Maduro and his wife, Cilia Flores. Both were taken to New York and appeared in a Manhattan federal court Jan. 5 on drug charges, where they each pleaded not guilty.

The raid came after months of pressure on Venezuela and more than two dozen strikes in Latin American waters against alleged drug traffickers as part of Trump’s effort to crack down on the influx of drugs into the U.S.

The Trump administration routinely stated that it did not recognize Maduro as a legitimate head of state and said he was the leader of a drug cartel. Likewise, Trump said in December 2025 he believed it would be ‘smart’ for Maduro to step down. 

The Trump administration has justified seizing Maduro as a ‘law enforcement’ operation, and Secretary of State Marco Rubio said congressional approval wasn’t necessary since the operation didn’t amount to an ‘invasion.’

However, lawmakers primarily on the left have questioned the legality of the operation in Venezuela, which was conducted without Congress’ approval.

‘This has been a profound constitutional failure,’ the top Democrat on the Senate Armed Services Committee, Sen. Jack Reed, D-R.I., said in a statement Jan. 3. ‘Congress — not the President — has the sole power to authorize war. Pursuing regime change without the consent of the American people is a reckless overreach and an abuse of power.’

This post appeared first on FOX NEWS

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DHS funding threatened as Congress rolls out $80B spending bill amid shutdown fears

House and Senate lawmakers unveiled a new funding package on Sunday night totaling roughly $80 billion in federal spending, but questions still loom about averting another government shutdown at the end of this month.

The package combines two of Congress’ 12 annual appropriations bills in what’s called a ‘minibus.’ It covers funding for the State Department and related national security, as well as federal financial services and general government operations.

Notably excluded from the package, however, is funding for the Department of Homeland Security (DHS) — which had been expected to be part of the legislation earlier this month.

It comes as Democrats threaten to hold up DHS funding in the wake of an incident in Minneapolis where an ICE agent shot a U.S. citizen in her car. DHS Secretary Kristi Noem and other GOP officials have accused the woman of being at fault and of hitting the agent with her vehicle, while Democrats are charging ICE with a reckless and unprovoked use of force.

While a DHS funding bill only needs a simple majority to pass the House, any spending legislation needs at least 60 votes in the Senate — meaning Democratic support is critical for passage.

The package released totals just over $76 billion in federal funds and is expected to get a House vote sometime this week.

The State Department and national security bill includes $850 million for an ‘America First Opportunity Fund,’ aimed at giving the Secretary of State funding to respond to potential unforeseen circumstances.

Both Republicans and Democrats touted different victories in the legislation, with a summary by House Appropriations Committee Republicans stating that the bill supports ‘President Trump’s America First foreign policy by eliminating wasteful spending on DEI or woke programming, climate change mandates, and divisive gender ideologies.’

Democrats said the bill ‘supports women globally’ by ‘protecting funding for bilateral family planning and the United Nations Population Fund (UNFPA)’ and pointed to $6.8 billion for a new account ‘that supports the activities previously funded under Development Assistance.’ 

The bill also provides millions in security assistance for Israel and Taiwan, among other global partners across the world.

The latter bill provides just over $13 billion for the U.S. Treasury for the remainder of fiscal year 2026, while also including a provision that stops the IRS ‘from targeting individuals or groups for exercising their First Amendment rights or ideological beliefs,’ according to Republicans.

It also provides $872 million for the Executive Office of the President and $9.69 billion in discretionary funding for the Federal Judiciary.

‘With this package, we are advancing President Trump’s vision of a golden age defined by security, responsibility, and growth. Our financial system will be protected, small businesses and entrepreneurs supported, and consumer freedom safeguarded,’ House Appropriations Committee Chairman Tom Cole, R-Okla., said in a statement.

‘We shield our nation across every front — strengthening cyber defenses and dismantling the financial and criminal networks that enable terrorism, drug trafficking, and bad actors. Guided by peace through strength, we realign our diplomacy and national posture to deter threats before they reach our shores.’

House Appropriations Committee ranking member Rep. Rosa DeLauro, D-Conn., said the bill ‘continues Democrats’ rejection of extreme cuts proposed by the Trump White House and Republicans in Congress.’

A source familiar with discussions told Fox News Digital that negotiators are aiming to include the DHS funding bill in a separate minibus that also covers defense spending, the Department of Labor, and the Department of Transportation, among other agencies.

Current federal funding levels expire after Jan. 30. Any potential shutdown would only be a partial one at this point, given Congress is on its way to passing at least half of its dozen spending bills by then.

Senate Appropriations Committee member Sen. Chris Murphy, D-Conn., did not rule out a shutdown over the DHS funding standoff in comments to NBC News’ ‘Meet the Press’ on Sunday.

‘[Republicans] control the House, the Senate and the presidency. If they don’t want to work with Democrats and shut down the government, that’s up to them,’ Murphy said.

But Speaker Mike Johnson, R-La., told Fox News on Friday that he does not believe there will be a shutdown but criticized Democrats’ threats to DHS funds.

‘I am concerned about that, and we should not be limiting funding for homeland security at a dangerous time. We need public officials to allow law enforcement to do their jobs,’ Johnson said. 

Asked whether leaders could prevent a shutdown, he said, ‘I think we will.’ 

This post appeared first on FOX NEWS

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Trump’s Greenland push escalates as GOP lawmaker moves to make it America’s 51st state

A House Republican is pushing for Greenland to become the country’s 51st state as President Donald Trump publicly pushes for the Danish territory to come under U.S. rule.

Rep. Randy Fine, R-Fla., is introducing a bill on Monday aimed at authorizing Trump ‘to take such steps as may be necessary’ to acquire Greenland and set it on the pathway of becoming part of the United States.

‘I think it is in the world’s interest for the United States to exert sovereignty over Greenland,’ Fine told Fox News Digital in an interview. 

‘Congress would still have to choose to make it a state, but this would simply authorize the president to do what he’s doing and say the Congress stands behind him. And then it would expedite it into becoming a state, but it would still be up to Congress about whether to do that.’

Secretary of State Marco Rubio said Wednesday that he would be meeting with officials from Denmark this week to discuss Greenland.

Trump has publicly pushed for the idea of the U.S. buying the Arctic island territory since his first term in the White House.

He and other Republican officials have pointed out its strategic importance, including Greenland’s proximity to Russia and the critical minerals located within its borders.

Fine agreed with those points while also arguing U.S. rule would be better for those living in Greenland as well.

‘Their poverty rate is high. Denmark hasn’t treated them well,’ Fine said. ‘When war came to town, Denmark couldn’t protect them. Guess who protected Greenland during World War II? We did.’

And while a majority of Republicans have conceded they understand Trump’s argument for why owning Greenland would benefit the U.S., GOP lawmakers were somewhat rattled after White House press secretary Karoline Leavitt did not rule out using military force to acquire the island during a recent press conference this month.

Asked if he would support using military force, Fine said, ‘I think the best way to acquire Greenland is voluntarily.’

‘The poverty rate in Greenland is much, much higher than it is in Denmark. The country is run by socialists, and it is not in America’s interests to have a territory that large between the United States and Russia run by socialists,’ Fine said.

The U.S. Constitution grants Congress the power to admit new states into the Union.

It typically requires Congress to pass a bill authorizing the new state after a territory is formed, after which that territory must draft a state constitution approved by people who live there.

Congress must then vote again to admit that new state before it’s made final with the president’s signature.

This post appeared first on FOX NEWS

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Western Copper and Gold Strengthens Leadership Team with Key Technical Appointments

western copper and gold corporation (TSX: WRN) (NYSE American: WRN) (‘Western’ or the ‘Company’) is pleased to announce the appointments of Robert Dirk as Chief Operating Officer and Christian Roldan as Vice President, Technical.

Robert Dirk is a proven mining operator with 37 years of experience leading large-scale operations and delivering major projects across multiple commodities and jurisdictions. He spent 20 years at Suncor Energy, where he held progressively senior operational roles and served as the senior operational leader on the Fort Hills mega-project, one of Canada’s landmark resource projects. Internationally, he served on the executive team for Kaz Minerals’ large-scale Peschanka copper-gold project in Russia’s Far East. Mr. Dirk holds a degree in Mining Engineering from the University of Alberta and a technical diploma in Geosciences from the Northern Alberta Institute of Technology.

Christian Roldan is an accomplished mining executive with more than 25 years of international experience across the full mine lifecycle, from early-stage exploration through development, operations, and closure. Most recently, he held senior roles with Newmont, where he led multi-million-dollar engineering studies for projects in Canada, Suriname, and Chile. In the Yukon, he successfully advanced the Coffee project through YESAB’s environmental assessment process. He is also a former director of the Yukon Chamber of Mines. He holds a B.S. in Chemical Engineering and an M.Sc. in Metallurgical Engineering from the University of Utah.

‘We are very pleased to welcome Robert and Christian to the Western team,’ said Sandeep Singh, President & CEO. ‘They bring major-company experience that matches the scale and standards required for Casino – Canada’s largest critical minerals project. These appointments strengthen our ability to move through our permitting process and advance technical work, while continuing to de-risk the project. 2025 was an important year for the Company. We look forward to further unlocking the value of our very strategic property.’

ABOUT western copper and gold corporation

western copper and gold corporation is advancing the Casino Project, Canada’s premier copper-gold mine in the Yukon and one of the most economic greenfield copper-gold mining projects in the world.

The Company is committed to working collaboratively with First Nations and local communities to progress the Casino Project, using internationally recognized responsible mining technologies and practices.

For more information, visit www.westerncopperandgold.com.

On behalf of the board,

‘Sandeep Singh’

Sandeep Singh
President & CEO
western copper and gold corporation

For more information, please contact:

Cameron Magee
Director, Investor Relations & Corporate Development
western copper and gold corporation
437-219-5576 or cmagee@westerncopperandgold.com

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain ‘forward-looking information’ and ‘forward-looking statements’ (collectively ‘forward-looking statements’) within the meaning of applicable Canadian and United States securities legislation including the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements are made as of the date of this news release. Forward-looking statements are frequently, but not always, identified by words such as ‘expects’, ‘anticipates’, ‘believes’, ‘plans’, ‘projects’, ‘intends’, ‘estimates’, ‘envisages’, ‘potential’, ‘possible’, ‘strategy’, ‘goals’, ‘opportunities’, ‘objectives’, or variations thereof or stating that certain actions, events or results ‘may’, ‘could’, ‘would’, ‘might’ or ‘will’ be taken, occur or be achieved, or the negative of any of these terms and similar expressions. Such forward-looking statements herein include statements regarding the expected impact of these appointments and the Company’s plans and ability to advance the Casino Project, including technical work, permitting, and the timing of such activities.

Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual events to be materially different from those expressed or implied by such statements. Such factors include but are not limited to the risk of unforeseen challenges in advancing the Casino Project, potential impacts on operational continuity, changes in general market conditions that could affect the Company’s performance; and other risks and uncertainties disclosed in the Company’s annual information form and Form 40-F for the most recently completed financial year and its other publicly filed disclosure documents.

Forward-looking statements are based on assumptions management believes to be reasonable, such assumptions and factors as set out herein, and in the Company’s annual information form and Form 40-F for the most recently completed financial year and its other publicly filed disclosure document.

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, other factors may cause results to be materially different from those anticipated, described, estimated, assessed or intended. These forward-looking statements represent the Company’s views as of the date of this news release. There can be no assurance that any forward-looking statements will 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. The Company does not intend to and does not assume any obligation to update forward-looking statements other than as required by applicable law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/279998

News Provided by Newsfile via QuoteMedia

This post appeared first on investingnews.com

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Copper Quest and i2i Enter Into Corporate Marketing and Investor Awareness Agreement

Copper Quest Exploration Inc. (CSE: CQX,OTC:IMIMF; OTCQB: IMIMF; FRA: 3MX) (‘Copper Quest’ or the ‘Company’) is pleased to announce that it has entered into an agreement (the ‘Agreement’) with i2i Marketing Group, LLC (‘i2i’), a Florida-based firm, to provide comprehensive corporate marketing and investor awareness services to CQX.

The engagement with i2i is designed to enhance the Company’s market presence and expand its shareholder communications program. The services will include content creation management, author sourcing, project management, and media distribution.

Under the terms of the agreement, i2i will be engaged for an initial period of six months for a total cash consideration of $300,000 (USD). i2i and its principals are at arm’s length to CQX and, to the Company’s knowledge, do not have any interest, directly or indirectly, in the Company or its securities, or any right or intent to acquire such an interest. The engagement and the terms of the Agreement are subject to the final approval of the CSE.

i2i Marketing Group, LLC
1107 Key Plaza #222
Key West, Florida
33040
Contact: Joe Grubb & Kailyn White
Email: contact@i2illc.com
Ph: 240-315-4665

ABOUT Copper Quest Exploration Inc.

The company’s land holdings comprise 7 projects that span over 45,000-plus hectares in great mining jurisdictions of Canada and the USA.

Copper Quest has a 100% interest in the past-producing Alpine Gold Mine located approximately 20 kilometers northeast of the City of Nelson British Columbia, spanning 4,611.49 hectares with a 2018 National Instrument 43-101 Standards of Disclosure for Mineral Projects historical inferred resource of 268,000 tonnes, estimated using a cut-off grade of 5.0 g/t Au and an average grade of 16.52 g/t Au, that represents an inferred resource of 142,000 oz of gold (McCuaig & Giroux, 2018)*. Apart from the Alpine Mine itself the property hosts 4 other less explored significant vein systems including the past-producing King Solomon vein workings, the Black Prince and the Cold Blow veins system, and the Gold Crown vein system.

Copper Quest has a 100% interest in the road accessible Stars Porphyry Copper-Molybdenum Property, spanning 9,693 hectares in central British Columbia’s Bulkley Porphyry Belt with Tana Zone discovery drill intersection highlights of 0.466% Cu over 195.07m* in drill hole DD18SS004 from 23.47m, 0.200% Cu over 396.67m* in drill hole DD18SS010 from 29.37m, and 0.205% Cu over 207.27m* in drill hole DD18SS015 from 163.98m. This highly prospective, approximately 5 X 2.5 kilometer annular magnetic anomaly is interpreted to represent an altered monzonite intrusion and surrounding hornfels. *The Company has not yet completed sufficient work to verify these 2018 historic inferred resource results.

Copper Quest has a 100% interest in the road accessible Kitimat Copper-Gold Property, spanning 2,954 hectares within the Skeena Mining Division of northwestern British Columbia located northwest of the deep-water port community of Kitimat, British Columbia. The property benefits from exceptional infrastructure, being within 10 km of tidewater, 1.5 km of rail, and 6 km of high-voltage hydroelectric transmission lines. Exploration on the Kitimat property dates to the late 1960s, with the most significant historical work was conducted by Decade Resources Ltd. (2010), which completed 16 diamond drill holes totaling 4,437.5 meters in the Jeannette Cu-Au Zone, and drill intersection highlights of 1.03 g/t Au, 0.54% Cu over 117.07 m in Hole J-7 from 1.52 m, 1.00 g/t Au, 0.55% Cu over 103.65m in Hole J-1 from 9.15 m, 0.80 g/t Au, 0.45% Cu over 107.01m in Hole J-2 from 6.10 m, and 0.41 g/t Au, 0.33% Cu over 112.20m in Hole J-8 from 11.89 m.

Copper Quest has a 100% interest in the road accessible Stellar Property, spanning 5,389-hectares in British Columbia’s Bulkley Porphyry Belt contiguous to the Stars Property. This highly prospective region is known for its significant copper and precious metal deposits, with past-producing mines and active development projects in the surrounding area. Despite its strategic location, Stellar has never undergone modern systematic exploration. The property features multiple promising targets, including a large, classic porphyry-style magnetic anomaly, high-grade copper, gold, and silver mineral showings, and previously underexplored zones with strong geophysical signatures.

Copper Quest has a 100% interest in the Thane Project located in the Quesnel Terrane of Northern British Columbia spanning over 20,658 hectares with 10 priority targets identified demonstrating significant copper and precious metal mineralization potential.

Copper Quest has an earn-in option of up to 80% and joint-venture agreement on the road accessible Rip Porphyry Copper-Molybdenum Project, spanning 4,700-hectares located in the Bulkley Porphyry Belt in central British Columbia. Two Porphyry centers have been identified by the Company with the 2024 drill program testing the northern target with two holes (RP24-001 & RP24-002) from a single drill pad. Results confirmed that mineralization starts at surface and extends to depth, with multiple intrusive phases, quartz-sulfide stockwork, and veining. The southern highly prospective porphyry target remains untested by drilling.

Copper Quest has a 100% interest in the Nekash Copper-Gold Project, a porphyry exploration opportunity located in Lemhi County, Idaho, along the prolific Idaho-Montana porphyry copper belt that hosts world-class systems such as Butte and CUMO. The project is fully road-accessible via maintained U.S. highways and forest service roads and currently consists of 70 unpatented federal lode claims covering 585 hectares.

Copper Quest is committed to building shareholder value through acquisitions, discovery-driven exploration, and responsible development of its North American critical mineral portfolio of assets. The Company’s common shares are principally listed on the Canadian Stock Exchange under the symbol ‘CQX’. For more information on Copper Quest, please visit the Company’s website at www.copper.quest.

On behalf of the Board of Copper Quest Exploration Inc.

Brian Thurston, P.Geo.
Chief Executive Officer and Director
Tel: 778-949-1829

For further information contact:

Investor Relations
info@copper.quest

https://x.com/CSECQX

https://ca.linkedin.com/company/copper-quest

Forward Looking Information

This news release contains certain ‘forward-looking information’ and ‘forward-looking statements’ (collectively, ‘forward-looking statements‘) within the meaning of applicable securities legislation. All statements, other than statements of historical fact included herein, including without limitation, future operations and activities of Copper Quest, are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as ‘expects’, ‘anticipates’, ‘believes’, ‘intends’, ‘estimates’, ‘potential’, ‘possible’, and similar expressions, or statements that events, conditions, or results ‘will’, ‘may’, ‘could’, or ‘should’ occur or be achieved. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates based on or related to many of these factors. Such factors include, without limitation, risks associated with 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, 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. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these items. The Company does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by applicable securities laws.

The Canadian Securities Exchange has not reviewed, approved or disapproved the contents of this press release, and does not accept responsibility for the adequacy or accuracy of this release.

News Provided by GlobeNewswire via QuoteMedia

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Bold Ventures Commences Diamond Drilling Program at Burchell Base and Precious Metals Project

Bold Ventures Inc. (TSXV: BOL) (the ‘Company’ or ‘Bold’) is pleased to announce that it has commenced a diamond drilling program on its Burchell Base and Precious Metals Project (‘Burchell’, the ‘Project’ or the ‘Property’), located approximately 100 km west of Thunder Bay, Ontario.

The program is expected to exceed 1000 meters of drilling, which will firstly test the 111 Zone and other nearby targets which were the focus of a mechanical stripping program last fall. A 14-meter wide discontinuous anomalous gold zone was identified at the 111 Zone adjacent to a 15-meter wide discontinuous anomalous zinc-copper zone (see Bold news release dated December 2, 2025). One grab sample at the 111 Zone previously returned 68 g/t Au (see Bold news release dated January 9, 2025). Drilling is also planned to test the northwest corner of the Property where the Moss Trend is interpreted to pass through and where 2024-2025 soil sampling yielded significant Au, Mo and Cu anomalies (see Bold news release dated July 21, 2025); as well as the Hermia Cu-Au Prospect in the western part of the Property where historical drilling intersected broad anomalous copper zones (see Burchell Gold Review on Bold website and Bold December 2025 Corporate Presentation for more information).

Drilling is being carried out by Rugged Aviation Inc. based in Murillo, Ontario.

Bruce MacLachlan, President and COO of Bold, stated: ‘We are beyond excited to get started on Bold’s maiden drill program on the Burchell Property, which will test major under-explored gold and base metal trends on which many targets, to the best of our knowledge, have never been drilled.’

Bold Ventures management believes our suite of Battery, Critical and Precious Metals exploration projects are an ideal combination of exploration potential meeting future demand. Our target commodities are comprised of: Copper (Cu), Nickel (Ni), Lead (Pb), Zinc (Zn), Gold (Au), Silver (Ag), Platinum (Pt), Palladium (Pd) and Chromium (Cr). The Critical Metals list and a description of the Provincial and Federal electrification plans are posted on the Bold website here.

About Bold Ventures Inc.

The Company explores for Precious, Battery and Critical Metals in Canada. Bold is exploring properties located in active gold and battery metals camps in the Thunder Bay and Wawa regions of Ontario. Bold also holds significant assets located within and around the emerging multi-metals district dubbed the Ring of Fire region, located in the James Bay Lowlands of Northern Ontario.

For additional information about Bold Ventures and our projects please visit boldventuresinc.com or contact us at 416-864-1456 or email us at info@boldventuresinc.com.

‘Bruce A MacLachlan’ 
Bruce MacLachlan 
President and COO 		 ‘David B Graham’
David Graham
CEO

  
Direct line: (705) 266-0847

Email: bruce@boldventuresinc.com

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

Cautionary Note Regarding Forward-Looking Statements: This Press Release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words ‘may’, ‘would’, ‘could’, ‘will’, ‘intend’, ‘plan’, ‘anticipate’, ‘believe’, ‘estimate’, ‘expect’ and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. Shareholders are cautioned not to put undue reliance on such forward-looking statements.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/280012

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Kobo Delivers Significant Progress at its Kossou Gold Project in 2025, Establishes a Scalable West African Gold Platform for 2026 and Hosted the 2nd Annual Kobo Cup

  • Work at the Kossou Gold Project in 2025 advanced the project toward a maiden Mineral Resource Estimate through more than 20,000 m of drilling and the identification of new gold targets on the western portion of the permit
  • Initial exploration at the Kotobi Permit outlined multiple gold-in-soil anomalies, establishing a clear path for follow-up trenching and drill prioritization
  • Kobo’s regional growth opportunities, including the Nesdave earn-in agreement and Yakassé Gold Project, are located in Côte d’Ivoire, West Africa, the world’s largest gold-producing region in 2024, where Côte d’Ivoire ranks among the faster jurisdictions globally for discovery-to-production timelines
  • Kobo hosted the 2 nd Annual Kobo Cup late November 2025 with the presence of Canadian Ambassador to Côte d’Ivoire, Sandra Choufani

Kobo Resources Inc. ( ‘ Kobo’ or the ‘ Company ‘) ( TSX.V: KRI ) is pleased to provide a review of progress achieved during 2025 and key milestones planned for 2026, following a year in which the Company materially advanced its 100%-owned Kossou Gold Project (‘ Kossou ‘) toward a maiden Mineral Resource Estimate and expanded its gold exploration portfolio across Côte d’Ivoire, within West Africa, one of the world’s largest gold-producing regions.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260112782664/en/

KDD0056: 10.0 m at 4.57 g/t Au from 176.0 m

Edward Gosselin, CEO and Director of Kobo commented: ‘2025 was a year of focused execution for Kobo . We advanced an extensive exploration program that materially expanded the drill database, advanced geological and resource modelling at the Jagger and Road Cut Zones and identified additional targets at the Kadie Zone as well as on the western portion of the Kossou permit that will require follow-up work in the year ahead.’

He continued: ‘With more than 20,000 m drilled during 2025, this highly prospective target is well positioned as we move toward a maiden Mineral Resource Estimate in 2026, a key technical catalyst for the Company. Drilling at Kossou restarted on January 12, 2026 following the holiday break and we look forward to expanding the current ongoing resource modelling.’

He concluded: ‘Beyond Kossou , we completed first-pass exploration at the Kotobi Permit , where multiple gold-in-soil anomalies were identified and prioritized for follow-up sampling, trenching and drill testing to commence in Q1 2026. We also continued early-stage evaluation under the Nesdave earn-in agreement, adding to the Company’s pipeline of opportunities in Côte d’Ivoire. Finally, we are working with the governmental authorities to secure the issuance of research permits for the Bocanda South Application and the Yakassé Gold Project Application. As we look ahead to 2026, our focus remains on advancing these assets through disciplined, stepwise exploration and allocating capital toward the most technically compelling targets.’

Advancing the Kossou Gold Project Toward Resource Definition

During 2025, Kobo focused on advancing Kossou through a comprehensive exploration program designed to support geological understanding, resource modelling, and the identification of additional targets across the permit area. Total drilling at Kossou now stands at approximately 37,160 metres (‘m’) across 200 drill holes , which has established a strong technical foundation as the Company advances toward further resource definition.

Diamond drilling remained the primary focus at Kossou in 2025, with 20,447 m drilled across all targets . A total of 17,421 drill core samples were collected and analysed, including 2,613 QA/QC samples . Drilling during the year included 10,979 m at the Jagger Zone , 9,029 m at the Road Cut Zone , 236 m at the Kadie Zone , and 203 m at the Shadow Zone .

Key Intercepts from the 2025 Drill Program:

Road Cut Zone

  • KDD0095
    • 17.0 m at 3.87 g/t Au from 22.0 m, incl. 9.0 m at 6.84 g/t Au from 23.0 m (October 8,2025)
  • KDD0056
    • 10.0 m at 4.57 g/t Au from 176.0 m (January 30, 2025)

Jagger Zone

  • KDD0111
    • 9.0 m at 3.60 g/t Au from 119.0 m (November 30, 2025)
  • KDD0085
    • 20.0 m at 1.41 g/t Au from 106.0 m (June 29, 2025)

Drilling at the Jagger and Road Cut Zones continued to return consistent gold mineralisation, reinforcing structural continuity and supporting the Company’s evolving geological model. In parallel with drilling, Kobo advanced geological interpretation and modelling at both zones, with in-house resource modelling currently underway. Additional drilling is expected to be required at the Kadie Zone to further assess its potential. Once final assay results are received in early 2026, the Company plans to update its geological and resource models as it works toward a maiden Mineral Resource Estimate.

Other exploration work completed during the year included extensive surface programs comprising 2,391 soil samples (including 134 QA/QC samples), 58 prospective rock samples , and 28 trenches totalling 1,072 metres (‘ m ‘), from which 1,147 samples were collected (including 23 QA/QC samples).

In addition to advancing known mineralised zones at its prospective targets on the permit, exploration at Kossou in 2025 identified two new target areas, including zones on the western portion of the permit where soil geochemical surveys outlined strong northwest-trending gold anomalies. The Company expects additional exploration upside from these targets beyond the current resource focus areas and plans to initiate follow-up work in 2026.

‘ The Company encourages current and prospective investors to refer to past drill result announcements to read the full extent of discoveries made to date at Kossou as well as its unique and strategic location. A full list of press releases is located at www.koboresources.com/en/news .’

Building a Pipeline of Regional Growth Opportunities in West Africa

Kotobi Permit

In parallel with work at Kossou , Kobo advanced early-stage exploration across its broader Côte d’Ivoire portfolio in 2025, with the objective of identifying and prioritizing new gold targets capable of supporting a future growth platform in West Africa.

At the Kotobi Permit , the Company completed its second phase of initial exploration with activities during the year including 5,016 soil samples (including 153 QA/QC samples), bringing the total soil samples to 7,743 (including 236 QA/QC samples), 46 termite mound samples , 59 prospective rock samples , 16 pits yielding 125 samples , and 16 trenches totalling 370 m , from which 385 samples were collected (including 9 QA/QC samples). Results from this work outlined multiple gold-in-soil anomalies, establishing a clear framework for follow-up sampling, trenching, and advancement toward initial drill testing. Based on results to date, the Company expects to advance these priority targets toward initial drill testing in Q1-2026.

Earn-In Opportunities

Under the Nesdave earn-in agreement at the Agnibilekro Project , Kobo completed early-stage exploration programs during 2025, including 2,838 soil samples (including 113 QA/QC samples) and 13 reconnaissance rock samples . These programs contributed to refining priority target areas for continued evaluation.

The Company is awaiting the outcome of the Côte d’Ivoire Mine Department’s review of the Yakassé Gold Project and Bocanda South permit applications and anticipates initiating work upon permit issuance, which is expected in the first half of 2026.

The 2 nd Annual Kobo Cup

Community engagement remained a central focus for Kobo in 2025, as the Company strengthened its relationships with communities around the Kossou Gold Project. A major highlight of the year was the second annual Kobo Cup , a community football tournament designed to empower youth, foster local participation, and celebrate village identity.

Building on the inaugural 2024 event, the 2025 Kobo Cup expanded into a multi-team tournament featuring the villages of Kossou , Bocabo , and Angossé , all located near Kossou. Youth participants collaborated with local artists in a village jersey design workshop, creating official team jerseys that celebrate each village’s culture and pride. The Village of Kossou emerged as the winner of the 2025 Kobo Cup.

In a new addition this year, Kobo also partnered with Rockstone Drilling to host the Junior Kobo Cup , a training-focused workshop bringing together young footballers from each village and professional coaches from Assinie Tempo FC , a top-tier league team in Abidjan. The Junior Kobo Cup offered players hands-on training, mentorship, and exposure to professional standards, giving youth an opportunity to develop their skills.

A cornerstone of the event’s success was Kobo’s partnership with Coast2Coast Entertainment , one of West Africa’s leading media and entertainment companies. Their ongoing support, including providing football equipment, media amplification, and local expertise was instrumental in this year’s Kobo Cup .

The Kobo Cup continues to gain recognition beyond the local community, attracting attention from key individuals and dignitaries, including Canada’s Ambassador to Côte d’Ivoire, Sandra Choufani .

Looking Ahead: 2026 Priorities for Kobo

In 2026, Kobo remains focused on advancing Kossou toward a maiden Mineral Resource Estimate, a key technical milestone for the Company, supported by continued geological and resource modelling and targeted follow-up drilling where required. The Company also plans to initiate its first drill program at the Kotobi Permit, subject to results from ongoing target prioritization.

Additional work is planned across the western portion of the Kossou Permit to further evaluate newly identified targets, while continued evaluation under the Nesdave earn-in agreements and at Yakassé and Bocanda South is expected to define additional growth opportunities. More broadly, Kobo intends to continue assessing regional opportunities across West Africa, a region that remains central to global gold production and exploration activity.

2025 Media Interviews

During 2025, Kobo management participated in several media interviews to discuss the Company’s exploration progress, strategy, and outlook. Click the links below to watch.

Review of Technical Information

The scientific and technical information in this press release has been reviewed and approved by Paul Sarjeant, P.Geo., who is a Qualified Persons as defined in National Instrument 43-101. Mr. Sarjeant is the President and Chief Operating Officer and Director of Kobo.

About Kobo Resources Inc.

Kobo Resources is a growth-focused gold exploration company with a compelling gold discovery in Côte d’Ivoire, one of West Africa’s most prolific gold districts, hosting several multi-million-ounce gold mines. The Company’s 100%-owned Kossou Gold Project is located approximately 20 km northwest of the capital city of Yamoussoukro and is directly adjacent to one of the region’s largest gold mines with established processing facilities.

With over 31,272 metres of diamond drilling, nearly 5,887 metres of reverse circulation (RC) drilling, and 7,100+ metres of trenching completed since 2023, Kobo has made significant progress in defining the scale and prospectivity of its Kossou’s Gold Project. Exploration has focused on multiple high-priority targets within a 9+ km strike length of highly prospective gold-in-soil geochemical anomalies, with drilling confirming extensive mineralisation at the Jagger, Road Cut, and Kadie Zones. The latest phase of drilling has further refined structural controls on gold mineralisation, setting the stage for the next phase of systematic exploration and resource development.

Beyond Kossou, the Company is advancing exploration at its Kotobi Permit and is actively expanding its land position in Côte d’Ivoire with prospective ground, aligning with its strategic vision for long-term growth in-country. Kobo remains committed to identifying and developing new opportunities to enhance its exploration portfolio within highly prospective gold regions of West Africa. Kobo offers investors the exciting combination of high-quality gold prospects led by an experienced leadership team with in-country experience. Kobo’s common shares trade on the TSX Venture Exchange under the symbol ‘KRI’. For more information, please visit www.koboresources.com .

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.

Cautionary Statement on Forward-looking Information:

This news release contains ‘forward-looking information’ and ‘forward-looking statements’ (collectively, ‘forward-looking statements’) within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as ‘expects’, or ‘does not expect’, ‘is expected’, ‘anticipates’ or ‘does not anticipate’, ‘plans’, ‘budget’, ‘scheduled’, ‘forecasts’, ‘estimates’, ‘believes’ or ‘intends’ or variations of such words and phrases or stating that certain actions, events or results ‘may’ or ‘could’, ‘would’, ‘might’ or ‘will’ be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; and the delay or failure to receive board, shareholder or regulatory approvals. There can be no assurance that such 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 the forward-looking statements and information contained in this news release. Except as required by law, Kobo assumes no obligation and/or liability to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260112782664/en/

For further information, please contact:

Edward Gosselin
Chief Executive Officer and Director
1-418-609-3587
ir@kobores.com

Twitter: @KoboResources | LinkedIn: Kobo Resources Inc.

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NextSource Materials Executes Term Sheets with Strategic Investors and Local Capital Partners to Advance Towards Final Investment Decision for its Proposed UAE Battery Anode Facility

TORONTO, ON / ACCESS Newswire / January 12, 2026 / NextSource Materials Inc. (TSX:NEXT,OTC:NSRCF)(OTCQB:NSRCF) (‘NextSource’ or the ‘Company’) is pleased to announce that it has finalized multiple term sheets with strategic investors to fund Phase 1 of the Company’s proposed Battery Anode Facility (‘BAF’) in the Industrial City of Abu Dhabi in the UAE. These term sheets indicate substantial progress in the Company’s strategic financing process and further reinforces the Company’s path towards the final investment decision (‘FID’).

The Company has finalized term sheets with several strategic investors, including local sovereign‑linked entities and a Japanese strategic consortium including a diversified industrial trading group with deep experience across the global battery materials and infrastructure sectors. This follows the successful conclusion of the first stage of due diligence and the investor site visit held on November 25, 2025 to the industrial building and site secured for the location of the Company’s proposed BAF in the Industrial City of Abu Dhabi.

The term sheets propose an equity investment at the project level in the BAF project under which new strategic partners would potentially acquire an interest of up to 50% in the UAE BAF and subsequently fund their pro rata share of Phase 1 capital costs. This approach aligns with NextSource’s objective to minimize dilution of the Company while potentially partnering with investors that bring strategic and regional value to the BAF project and across the battery supply chain.

The term sheets executed are non-binding and subject to customary conditions. The Company is now advancing next steps with these parties, alongside ongoing technical, commercial, and legal due diligence, with a view toward potentially finalizing a preferred funding structure and executing definitive agreements in the coming months.

Hanré Rossouw, President and CEO of NextSource, commented:

‘The level and quality of funding interest we are seeing at the project level is a strong validation of our UAE BAF strategy. These strategic investors recognize the importance of establishing secure, scalable, and geopolitically aligned anode supply chains outside of China. This process marks a significant first step toward funding our first commercial-scale BAF’.

The Company is currently advancing parallel workstreams to reach FID by the end of Q1 2026, supported by strong progress in the front-end engineering and design with its engineering partner firm, Stantec. Following a prospective successful FID and funding, the Company will proceed with full equipment procurement, installation, commissioning, and ramp‑up in accordance with its phased development plan.

About NextSource Materials Inc.

NextSource Materials Inc. is a battery materials company based in Toronto, Canada that is intent on becoming a vertically integrated global supplier of battery materials through the mining and value-added processing of graphite and other minerals.

The Company’s Molo graphite project in Madagascar is one of the largest known and highest-quality graphite resources globally, and the only one with SuperFlake® graphite. The Molo mine has begun production through Phase 1 mine operations.

The Company is also developing a significant downstream graphite value-add business through the staged rollout of Battery Anode Facilities (BAF) capable of large-scale production of coated, spheronized and purified graphite for direct delivery to battery and automotive customers, in a fully transparent and traceable manner. The Company is now in the process of developing its first BAF in the UAE.

NextSource Materials is listed on the Toronto Stock Exchange under the symbol ‘NEXT’ and on the OTCQB under the symbol ‘NSRCF’.

For further information about NextSource Materials, please visit our website at www.nextsourcematerials.com or contact us at +1.416.364.4911 or email Brent Nykoliation, Executive Vice President at brent@nextsourcematerials.com.

Safe Harbour: This press release contains statements that may constitute ‘forward-looking information’ or ‘forward-looking statements’ within the meaning of applicable Canadian and United States securities legislation. Readers are cautioned not to place undue reliance on forward-looking information or statements. Forward looking statements and information are frequently characterized by words such as ‘plan’, ‘expect’, ‘project’, ‘intend’, ‘believe’, ‘anticipate’, ‘estimate’, ‘potential’, ‘possible’ and other similar words, or statements that certain events or conditions ‘may’, ‘will’, ‘could’, ‘expected’ or ‘should’ occur. Forward-looking statements include any statements regarding, among others, that the non-binding term sheets will progress to definitive agreements and the timing thereof, timing of construction, development and completion of the BAF, timing and completion of front-end engineering and design, timing of FID, the phased development plan of the BAF as well as the Company’s intent on becoming a fully integrated global supplier of critical battery and technology materials. These statements are based on current expectations, estimates and assumptions that involve a number of risks, which could cause actual results to vary and, in some instances, to differ materially from those anticipated by the Company and described in the forward-looking statements contained in this press release. These risks include that the non-binding term sheets will not progress to definitive agreements, the parties to the non-binding term sheet will not be satisfied with their due diligence review, risks related to the construction and development of the BAF, the risk that a positive FID decision may never be reached as well as other risk factors set forth in the Company’s latest Annual Information Form (which includes the disclosed risk related specifically to the development commissioning and operation of the BAF) There is no assurance that the definitive agreements will be completed with the above noted timeframe or at all. No assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur or, if any of them do so, what benefits the Company will derive there from. The forward-looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the forward-looking statements, whether because of new information, future events or otherwise, except as may be required by applicable securities laws. Although the forward-looking statements contained in this news release are based on what management believes are reasonable assumptions, the Company cannot assure investors that actual results will be consistent with them. These forward-looking statements are made as of the date of this news release and are expressly qualified in their entirety by this cautionary statement. Subject to applicable securities laws, the Company does not assume any obligation to update or revise the forward-looking statements contained herein to reflect events or circumstances occurring after the date of this news release.

SOURCE: NextSource Materials Inc.

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