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Critical Mineral Resources plc (“CMR”, “Company”) is pleased to report that its newly commissioned diamond drill rig has successfully produced its first core from Zone 1 North, marking an important operational milestone and supporting the next phase of exploration and project advancement.

The hole was drilled to a depth of 30m and includes core with observable copper mineralisation. The rig has now moved to the next pad where drilling has already commenced. The next set of assay results are expected in early February.

The rig’s commissioning was completed efficiently and included the integration of a Moroccan-sourced water recycling system.

Key Highlights

  • First core has been recovered at Zone 1 North from the Company’s recently commissioned diamond rig
  • Visible copper mineralisation observed in the core, consistent with the Company’s expectations and many of the previous holes
  • Company-owned drill rig expected to underpin lower drilling costs and improved drilling flexibility
  • The drilling team has provided very positive feedback about the Multi-Power Discovery HD rig
  • Rig’s capability provides optionality to test deeper targets, including the potential source of mineralised rhyolite
  • Strong, experienced Morocco-based team positioned to support an accelerated programme through 2026

Fig.1 First drill core from recently commissioned diamond drilling rig with observable copper mineralisation

Source: Company

Charlie Long CEO commented:

“The commissioning of our company owned drill rig is a genuine step-forward for the project. Having this capability in-house gives us far greater control over the drill programme and paves the way for reduced drilling costs.

Our drilling team is reporting that the Multi-Power Discovery HD is powerful, productive and straightforward to operate, making rapid progress through carbonate and igneous rocks. Importantly it also provides us with the capability to explore deeper targets as required, including as we continue hunting for the source of the mineralised rhyolite.

Credit goes to our Moroccan drilling team, expertly led by our COO Noureddine, and our dedicated JV partner, who commissioned the rig smoothly and installed a locally sourced water recycling system without issue. Morrocco continues to stand out as highly capable mining jurisdiction, not only for its regulatory environment but the depth of practical expertise available on the ground.

That expertise will be increasingly important through 2026, as we progress Agadir Melloul towards production, supported by Moroccan experts with direct experience of developing and building multiple mines, including copper floatation operations”

Competent Person Statement

The technical exploration and mining information contained in this announcement has been reviewed and approved by Mr. Robert Nigel Chapman. Mr. Chapman has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity to which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves and as a qualified person under the AIM Note for Mining, Oil and Gas Companies. Mr. Chapman is an employee of Luna Recursos Naturales SAC, an independent geological consultancy established in 2014 and is a Member of the Australasian Institute of Geoscientists (A.I.G.) Mr. Chapman has visited Agadir Melloul and consents to the inclusion in this Announcement of such information in the form and context in which it appears.

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended by virtue of the Market Abuse (Amendment) (EU Exit) Regulations 2019.

Critical Mineral Resources PLC

Charles Long, Chief Executive Officer

info@cmrplc.com

AlbR Capital

Jon Belliss

+44 (0) 20 7399 9425

Notes To Editors

Critical Mineral Resources (CMR) PLC is an exploration and development company focused on developing assets that produce critical minerals for the global economy, including those essential for electrification and the clean energy revolution. Many of these commodities are widely recognised as being at the start of a supply and demand super cycle.

CMR is building a diversified portfolio of high-quality metals exploration and development projects in Morocco, focusing on copper, silver and potentially other critical minerals and metals. CMR identified Morocco as an ideal mining-friendly jurisdiction that meets its acquisition and operational criteria. The country is perfectly located to supply raw materials to Europe and possesses excellent prospective geology, good infrastructure and attractive permitting, tax and royalty conditions. In 2023, the Company acquired an 80% stake in leading Moroccan exploration and geological services company Atlantic Research Minerals SARL.

The Company is listed on the London Stock Exchange (CMRS.L). More information regarding the Company can be found at www.cmrplc.com

Source

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TORONTO, ON / ACCESS Newswire / January 7, 2026 / 55 North Mining Inc. (CSE:FFF,OTC:FFFNF)(FSE:6YF) (‘55 North‘ or the ‘Company‘) is pleased to announce that it has completed the required property payment on its Last Hope Gold Project (the ‘Project’), resulting in 55 North now owning 100% of the property.

With the property payment complete, 55 North has initiated mobilization of a drill rig to the Project site and expects to commence drilling in mid-January as part of its 2025-2026 drill program. The Company anticipates providing drill results approximately eight to ten weeks following completion of drilling, subject to laboratory turnaround times.

Drill Program Objective: Grow the Resource

The planned drill program will focus on step-out drilling to the south of the Company’s existing zones. The Company plans to drill fences comprised of two to three holes approximately every 120 metres along strike, expanding the footprint of known mineralization and testing for potential extensions over an approximately 800-metre strike length.

‘Securing full ownership of Last Hope is a major milestone for 55 North,’ said Bruce Reid, CEO of 55 North Mining. ‘With drilling expected to begin in mid-January, we will focus on step-out drilling designed to test potential extensions of known mineralization and support an updated geological model. The results from this program will guide our plans for an updated mineral resource estimate later in 2026.’

Updated Resource Estimate Expected Later in 2026

Following the 2025-2026 drill program, 55 North plans to deliver an updated mineral resource estimate later in the year, integrating the new drill results. The previous mineral resource estimate at the Last Hope Gold Project was completed in September 2021 based on a US$1,650/oz gold price. With gold prices now materially higher, updated price assumptions may support a lower cut-off grade and a larger reported resource.

Upcoming Catalysts

  • Mid-January 2026: Drill program commencement

  • Following Completion (approx. 8-10 weeks): Drill results expected (subject to laboratory turnaround)

  • Later in 2026: Updated mineral resource estimate

Qualified Person

Peter Karelse, P.Geo. a ‘qualified person’ as defined under National Instrument 43-101, has reviewed and approved the scientific and technical information contained in this release. Peter Karelse is not independent of 55 North Mining, as he is the Company’s Head of Exploration.

About 55 North Mining Inc.

55 North Mining Inc. is a Canadian exploration and development company advancing its high-grade Last Hope Gold Project located in Manitoba, Canada.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Mr. Bruce Reid
Chief Executive Officer
55 North Mining Inc.
Phone: 647-500-4495
bruce@mine2capital.ca

Mr. Vance Loeber
Corporate Development
Phone: 778-999-3530
cvl@tydewell.com

CAUTION REGARDING FORWARD-LOOKING INFORMATION

This news release contains ‘forward-looking statements’ and ‘forward-looking information’ within the meaning of applicable securities laws. Forward-looking statements in this news release include, but are not limited to, statements regarding the timing of mobilization and drilling, the expected timing of drill results, the scope and objectives of the drill program, and the timing and completion of an updated mineral resource estimate.

Forward-looking statements are based on management’s expectations and assumptions as of the date hereof and are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, but are not limited to: delays in mobilization or drilling; weather, logistics and site conditions; availability of equipment, personnel and contractors; receipt and timing of assay results; exploration results not being consistent with expectations; and general market conditions.

SOURCE: 55 North Mining Inc.

View the original press release on ACCESS Newswire

News Provided by ACCESS Newswire via QuoteMedia

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Denison Mines (TSX:DML,NYSEAMERICAN:DNN) is ready to move forward with construction of its flagship Phoenix In-Situ Recovery (ISR) uranium project in northern Saskatchewan, pending final regulatory approvals.

The project, which is part of the Wheeler River property and expected to begin production by mid-2028, will mark Canada’s first new large-scale uranium mine since Cigar Lake.

“After another year of significant investment and progress, Denison stands ready to make a final investment decision and commence construction of the Phoenix ISR mine proposed for our flagship Wheeler River property,” said David Cates, Denison’s president and CEO.

Regulatory and planning milestones have brought the project to a construction-ready state. Last month, the Canadian Nuclear Safety Commission (CNSC) concluded its public hearings on the project’s environmental assessment and licensing, while the Province of Saskatchewan granted initial approval for early earthworks.

Procurement planning is nearly complete, with long-lead items such as electrical infrastructure already on schedule for shipment.

Denison has also updated its initial capital cost estimate for the Phoenix project to approximately US$437 million, which includes inflation, procurement progress, and engineering refinements.

This figure represents a 20 percent increase relative to the 2023 feasibility study. Despite this, the company emphasized that no further adjustments are expected prior to construction.

The Phoenix ISR project is expected to be completed within a two-year construction timeline, supporting both the current fleet of Canadian nuclear reactors and future advanced reactor designs.

In-situ recovery, the method planned for Phoenix, involves dissolving uranium underground and pumping it to the surface, a technique used in over half of global uranium production but not yet implemented in Canada.

Phoenix hosts the high-grade Phoenix and Gryphon deposits, discovered in 2008 and 2014 respectively, and is a joint venture between Denison and JCU Exploration Company Limited, with Denison acting as operator.

If approvals are received in the first quarter of 2026, Denison expects to commence construction promptly, keeping the project on track for first uranium output in mid-2028.

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

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Sen. Rand Paul, R-Ky., said that President Donald Trump is under the ‘thrall of Lindsey Graham’ following the U.S. operation in Venezuela, according to audio of the remarks by the lawmaker that MeidasTouch’s Acyn Torabi posted on X.

Paul said that after the first presidential debate in 2016, the Trump family told him that they liked him and the ‘idea of not being involved in foreign wars.’ 

‘It was something I liked about Donald Trump,’ Paul said. ‘It was one of the things, whenever I had misgivings about something else, I would always come back and say, ‘Well, he’s the best we ever had.’ Much better than the Bush’s, who were war mad and wanted to be involved in all these crazy wars overseas… ‘We’re gonna make the world safe for democracy.’ I never liked any of that. And I thought Trump was different, and so, it disappoints me, but he’s under the… thrall of Lindsey Graham.’

Paul has described Trump’s move to unilaterally depose Venezuela’s Nicolás Maduro without seeking congressional approval for the attack as ‘disdainful.’ 

Sen. Lindsey Graham, a hawkish Republican from South Carolina, has strongly supported the president’s action.

‘This is Lindsey Graham. Lindsey Graham has gotten to the president who expressed — I saw a clip — there’s like 20 clips of [Trump] saying he’s not for regime change and how regime change has always gone wrong. Somehow they’ve convinced him it’s different if it’s in our hemisphere,’ Paul said to reporters Monday, according to The Hill.

Torabi also posted audio on X in which Paul can be heard quipping, ‘There should be a law’ stipulating that Graham may only visit the White House ‘every other week’ and may only meet with ‘mid-level people, not the president. And no more golf outings.’

Graham was with Trump during a recent gaggle aboard Air Force One.

The senator also recently posted a photo on X that showed him giving a thumbs-up while smiling alongside of Trump, who was holding a cap that read, ‘MAKE IRAN GREAT AGAIN.’

Graham donned such a cap during an appearance on the Fox News Channel.

Trump endorsed Graham for re-election last year.

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Health insurance companies are being summoned to Capitol Hill for a pair of blockbuster hearings as Americans across the country deal with rising costs for their care, Fox News Digital is first to learn.

The House Energy and Commerce Committee, which oversees health policy, and the Ways and Means Committee, which has jurisdiction over tax policy, are both holding hearings on the rising cost of healthcare in the U.S.

It’s not immediately clear which companies will be represented or if they will allow executives to appear voluntarily.

But the announcement appears to be the House GOP’s move to counter-program an expected vote this week on extending enhanced Obamacare subsidies that expired at the end of 2025.

Obamacare subsidies were expanded in 2020 and 2021 to be available to more people during the COVID-19 pandemic, but then-Democratic majorities in Congress were only able to extend those for a finite period of time.

Whether to extend those subsidies was the subject of fierce debate on Capitol Hill in the waning months of 2025.

The vast majority of Republicans are opposed to extending the subsidies, dismissing them as a pandemic-era relic that’s part of a broken federal healthcare system.

Republicans have also argued that the subsidies only eased costs for 7% of Americans and did nothing to tackle the root causes of high healthcare costs.

But the moderate GOP lawmakers and Democrats who support extending the program have pointed out that an extension would give Congress more time to work on a more permanent solution to healthcare while avoiding the cost cliff seen at the end of last year.

A small group of moderate Republicans joined Democrats in late December to successfully force a vote on a three-year extension, which is taking place on Thursday.

The legislation is likely dead on arrival in the Senate if it passes, however.

House Republicans passed a healthcare bill just before leaving Washington for their two-week holiday break in December.

The Lower Health Care Premiums for All Americans Act includes provisions to codify association health plans, which allow small businesses and people who are self-employed to band together to purchase healthcare coverage plans, giving them access to greater bargaining power.

Republicans also plan to appropriate funding for cost-sharing reductions beginning in 2027, which are designed to lower out-of-pocket medical costs in the individual healthcare market. House GOP leadership aides said it would bring down the cost of premiums by 12%.

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As Venezuela enters the post-Nicolas Maduro era, former officials and regional experts warn the country may be facing not a democratic transition, but a period of deeper instability and internal conflict between possible successors that some warn could be even worse than Maduro.

Marshall Billingslea, the former assistant secretary for terrorist financing and financial crimes in the U.S. Treasury Department, said Maduro’s removal has exposed a fractured system that was never held together by a single strongman, but by competing criminal power centers now moving independently.

‘The cartel has always been a loose association, with each of the mafia bosses having their own centers of gravity,’ Billingslea said. ‘Maduro was the frontman, but he didn’t exercise total control. Now we’re seeing each of those centers spinning off on their own.’

Billingslea said the capture of Cilia Flores, Maduro’s wife, was as consequential as Maduro’s removal itself.

‘The capture of Cilia Flores is a particularly big deal because she was the brains behind the operation and the one who cleared out potential rivals,’ he said. ‘Her removal is equally significant.’

Billingslea outlined what he described as five competing power centers, four within the regime and one outside it. ‘The removal of Maduro, and particularly the removal of Cilia Flores, leaves a huge power vacuum in the cartel,’ he said. ‘We haven’t yet reached a new equilibrium here.’

In the interim, he foresees a high risk of internal power struggles, violence and further repression as rival factions maneuver to secure control in a post-Maduro Venezuela. But he notes that the Trump administration anticipates this and is executing a clear-eyed strategy to first secure U.S. core interests, followed by the gradual restoration of democracy, all without needing American ‘boots on the ground.’

Delcy Rodríguez takes over, but power remains contested

Delcy Rodríguez, Maduro’s longtime vice president, was quickly installed as interim leader. But her rise has done little to reassure Venezuelans or international observers that meaningful change is coming.

Rodríguez is deeply embedded in the Maduro system and has long played a central role in overseeing Venezuela’s internal intelligence and security apparatus. According to regional reporting, her focus since taking office has been consolidating control within those institutions rather than signaling political reform.

Former U.S. and regional officials say Delcy Rodríguez’s rise has revived long-standing questions about who truly influences her decisions as she moves to consolidate power.

Those officials point to Rodríguez’s deep ties with Cuban intelligence, which helped build and operate Venezuela’s internal security and surveillance apparatus over the past two decades. Cuban operatives played a central role in shaping how the regime monitored dissent and protected senior leadership, embedding themselves inside Venezuela’s intelligence services.

At the same time, former officials say Rodríguez appears to be testing cooperation with Washington, creating uncertainty over how much leverage the United States actually holds. Some view her limited engagement with U.S. demands as tactical, aimed at buying time while she works to secure loyalty inside the regime and neutralize rival factions.

A former Venezuelan official previously told Fox News Digital that Rodríguez ‘hates the West’ and represents continuity with the Maduro regime, not a break from it.

Cabello mobilizes loyalists

Diosdado Cabello, one of the most feared figures in the country, has emerged as a central player in the post-Maduro scramble for control.

Cabello, who wields influence over the ruling party and interior security, has been rallying armed colectivos and loyalist groups. Those groups have been active in the streets, detaining opponents and reinforcing regime authority through intimidation.

Sanctioned by the U.S. Treasury for corruption and alleged ties to drug-trafficking networks, Cabello is widely viewed as a figure capable of consolidating power through force rather than institutions.

Jorge Rodríguez holds the levers of control

Jorge Rodríguez, president of the National Assembly and brother of Delcy Rodríguez, remains one of the regime’s most important political operators.

Rodríguez has served as a key strategist for Maduro, overseeing communications, elections and internal coordination. Recent reporting indicates he continues to work closely with his sister to maintain control over intelligence and security structures, reinforcing the regime’s grip despite Maduro’s removal.

Experts say Rodríguez could play a central role in shaping any managed transition that preserves the system Maduro built.

Padrino López

Defense Minister Vladimir Padrino López, long considered the backbone of Maduro’s survival, remains a critical figure as well.

While Padrino López has not publicly positioned himself as a successor, analysts note that the armed forces are no longer unified behind a single leader. Senior generals are split across competing factions, raising the risk of internal clashes or a shift toward overt military rule if civilian authority weakens further.

Beyond the power struggle among regime elites, Venezuela faces a broader danger.

Large parts of the country are already influenced by criminal syndicates and armed groups. As centralized authority weakens, those actors could exploit the vacuum, expanding control over territory and smuggling routes.

Experts warned that an uncontrolled collapse could unleash forces more violent and less predictable than Maduro’s centralized repression, and the events unfolding now suggest that risk is growing.

Outside the regime, opposition leader María Corina Machado remains the most popular political figure among Venezuelan voters. But popularity alone may not be enough to translate into power.

Machado lacks control over security forces, intelligence agencies or armed groups. As repression intensifies and rival factions maneuver, her ability to convert public support into political authority remains uncertain.

Maduro’s fall, analysts say, did not dismantle Venezuela’s power structure. It fractured it.

With armed loyalists in the streets, rival factions competing behind the scenes, and an interim leader struggling to assert authority, Venezuela now faces a dangerous period in which the aftermath of Maduro’s rule could prove more chaotic — and potentially more brutal — than what came before, experts say. For Venezuelans, the question is no longer whether Maduro is gone, but whether anything that replaces him will be better.

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President Donald Trump said Tuesday in an address before Republican lawmakers that first lady Melania Trump is no fan of when he dances in public, calling it ‘not presidential.’

‘My wife hates when I do this,’ Trump said Tuesday at the Kennedy Center during an address at the House GOP Member Retreat. 

‘She’s a very classy person, right? She said, ‘It’s so unpresidential.’ I said, ‘but I did become president.’ … She hates when I dance. I said, ‘Everybody wants me to dance.’’

”Darling, it’s not presidential,” he continued of what the first lady tells him. 

Trump dancing became a hallmark of 2024 campaign rallies, with Trump routinely kicking off and ending public events by dancing, frequently while the Village People’s ‘Y.M.C.A’ or Lee Greenwood’s ‘God Bless the U.S.A.’ blasted in the background. The signature dance typically includes Trump making a fist and shimmying his arms back and forth while pointing to people in the crowd. 

The president has previously mentioned the first lady did not approve of his rally dancing, recounting to crowds of supporters in 2023 in Iowa that: ‘She said, ‘Darling, I love you, I love you, but this is not presidential. You don’t dance off the stage. This is not presidential.”

Trump continued Tuesday that the first lady had pressed him that past presidents did not dance solo on political stages, pointing to President Franklin Delano Roosevelt as an example of how presidents should conduct themselves. 

‘She actually said, ‘Could you imagine FDR dancing,’’ he continued. ‘She said that to me.’

‘And I said, ‘There’s a long history that perhaps she doesn’t know because he was an elegant fellow, even as a Democrat.’

‘He was quite elegant, but he wouldn’t be doing this. But nor would too many others. But she said, ‘Darling, please, the weightlifting is terrible.’ And I have to say this, the dancing, they really like,’ Trump said of supporters who enjoy his rally dance routines. 

‘She said, ‘They don’t like it. They’re just being nice to you,” Trump recounted. 

‘I said, ‘that’s not right,” he continued. 

Trump’s comments on the first lady’s dislike of his dancing came amid him impersonating weightlifters while discussing biological males competing against biological females. Trump has said in public before that Melania Trump does not approve of him imitating weightlifters, as well as dancing during political events. 

Trump’s address before the group of Republican lawmakers follows a historic and busy weekend, when he confirmed the U.S. military carried out a successful strike in Venezuela and captured the nation’s former dictatorial president, Nicolás Maduro, and his wife. 

The pair, as well as others entrenched in the regime, were charged with narco-terrorism conspiracy charges. The couple pleaded not guilty in a New York City court Monday and are being held in a prison in Brooklyn. 

Tuesday’s event, however, is more focused on the party’s agenda for the coming year, as lawmakers prepare for the wild midterm season that will pick up steam in the coming months. 

Trump capped off his address by clapping and dancing to the ‘Y.M.C.A.’ as he walked offstage.

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A House Republican is seeking to tighten the screws on the U.S. immigration system in the wake of multiple investigations into alleged fraud within Minnesota’s social services system.

Rep. Wesley Hunt, R-Texas, introduced a bill on Tuesday that would terminate Temporary Protected Status (TPS) for people from Sudan, Syria, Yemen, Lebanon and Somalia.

Immigrants from those countries currently in the U.S. on refugee status would be forced to self-deport within 180 days of the bill’s enactment.

‘It’s important that we ensure that those entering our country are properly vetted, and they clearly have not been properly vetted. So what we are trying to do is ensure that we address this, we stop this,’ Hunt told Fox News Digital.

Part of his impetus for introducing the bill now, Hunt said, was the increased scrutiny on Minnesota’s Somali community as federal prosecutors investigate what they believe could be billions of dollars of fraud targeting social programs in the Midwestern state.

Federal prosecutors in Minnesota have charged multiple people with stealing more than $240 million from the Federal Child Nutrition Program through the Minnesota-based nonprofit Feeding Our Future.

The probe has since widened to multiple state-run programs being investigated for potential fraud, however.

Childcare providers receiving state funding, mainly within the Somali community, are also under scrutiny.

Pressure from the growing scandal pushed Minnesota Gov. Tim Walz to drop his bid for a third term. He said Monday that he did not want to distract from efforts to shield his residents from both fraudsters and people seeking to politicize the situation.

‘Every minute that I spend defending my own political interests would be a minute I can’t spend defending the people of Minnesota against the criminals who prey on our generosity, and the cynics who want to prey on our differences,’ Walz said.

Walz previously said his administration has taken steps to crack down on the fraud, but argued federal officials are over-inflating the scope of the damage.

‘I mean, looking at Tim Walz’s decision not to seek re-election — where there’s smoke, there’s fire. There certainly is more to come out of this situation,’ Hunt said. ‘He was clearly complicit in what was going on. That’s why he’s not seeking reelection, and so there’s a lot of ‘there’ that’s there, and it needs to be exposed, needs to be investigated.’

He added, ‘Making sure that we revoke these TPS designations is the beginning of cleaning up this mess.’

Hunt argued that his bill would help hasten the timeline for President Donald Trump’s move to end TPS for foreign-born Somalis in Minnesota.

He added that the wider purpose of the bill was also to block Sharia law from spreading in the U.S., noting it was something he experienced firsthand as a member of the military.

‘As somebody that has lived under Sharia law, somebody that has deployed to the Middle East, this is also a broader conversation about keeping people that hate our country out of here,’ Hunt said. ‘And so what we’re going to do is try to pass legislation that codifies what President Trump is trying to do.’

Hunt is currently running for U.S. Senate in Texas.

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Rio Silver Inc. (TSX-V: RYO | OTC: RYOOF) (‘Rio Silver’ or the ‘Company’) is pleased to provide an update on its Maria Norte gold-silver-lead-zinc Project in central Peru, following the completion of recent technical work and site activities conducted in accordance with National Instrument 43-101. The results confirm the presence of high-grade silver mineralization, favorable geological and metallurgical characteristics, and a clear pathway toward near-term development within one of Peru’s most prolific silver districts.

Figure 1: Maria Norte Silver Project – NI 43-101 Verification Sampling Locations
Map outlining concession boundaries and surface verification sampling locations at Rio Silver’s Maria Norte high-grade silver project in central Peru.

High-Grade Silver Confirmed by Verification Sampling

As part of the independent National Instrument 43-101 review, verification sampling was conducted by James A. McCrea, P.Geo., the independent author of the NI 43-101 Technical Report, during a site visit to the Maria Norte Project in June 2025. Sampling targeted surface vein exposures and historic waste material and returned high-grade silver values, including:

  • 869 g/t silver, with associated lead and zinc, from a 0.5-metre surface vein channel sample
  • 991 g/t silver from a 0.7-metre surface vein channel sample
  • 396 g/t silver from a historic waste dump grab sample
Sample Sample
Type
Width
(m)
Au
(g/t)
Ag
(g/t)
Cu
(%)
Pb
(%)
Zn
(%)
Location
9623 Grab 2.194 396 0.276 1.430 0.565 Waste dump
9624 Chip 0.5 1.679 869 0.310 17.310 10.170 Outcrop
9625 Chip 0.4 0.868 68.8 0.300 0.563 0.819 Outcrop
9626 Chip 0.7 6.263 991 0.612 2.350 0.357 Outcrop


Table 1: Maria Norte Verification Sampling Results (NI 43-101)*

*Verification sampling returned silver values ranging from 396 g/t Ag to 991 g/t Ag, with associated lead, zinc, and localized gold values. These results confirm the presence of high-grade silver mineralization at surface, consistent with historical sampling by previous operators and characteristic of low-sulphidation epithermal vein systems common to the Huachocolpa District.

A total of four (4) verification samples were collected, consisting of three (3) chip samples from surface vein outcrops and one (1) grab sample from a historic waste dump, with chip sample widths ranging from approximately 0.4 metres to 0.7 metres. All samples were bagged, labelled, and sealed in the field using single-use security ties, transported by the author to Lima, Peru, and analyzed by Certimin S.A., an ISO 9001–certified laboratory located in the Santiago de Surco municipality of Lima.

No additional quality control samples (blanks, standards, or duplicates) were inserted due to the limited number of samples collected, which the author considered appropriate for the exploration stage of the project. James A. McCrea, P.Geo. concluded that the sampling methods, sample handling, preparation, and analytical procedures are adequate for data verification purposes, and that the results are representative of the surface mineralization observed at Maria Norte.

CEO Comment

‘The confirmation of high-grade silver at Maria Norte reinforces what initially attracted us to this project,’ said Chris Verrico, President and Chief Executive Officer of Rio Silver. ‘These are good grades in a district known for long-life silver production, and as our team continues work on the ground, we are seeing encouraging geological indications that suggest the system may extend beyond what is currently exposed. Combined with existing infrastructure, favorable metallurgy, and strong community engagement, we believe Maria Norte offers a compelling opportunity to advance toward development while continuing to unlock further upside.’

Proven Geological Setting in a Renowned Silver District

Maria Norte is situated within the Miocene polymetallic belt of central Peru, a region that has supported decades of silver production from structurally controlled epithermal vein systems. Mineralization at Maria Norte occurs within quartz-sulphide veins and breccias, hosting silver-dominant mineralization with associated lead, zinc, and local gold values.

Mapping and structural interpretation indicate that mineralization is controlled by a well-defined vein corridor with favorable geometry for continuity along strike and at depth. This geological setting mirrors other productive operations in the district and supports the Company’s development-focused exploration strategy.

Infrastructure, Metallurgy, and Development Readiness

Historic metallurgical test work reviewed by the Company indicates that mineralization at Maria Norte responds to conventional flotation methods. Combined with the project’s location within a well-established mining district, this supports a development approach that emphasizes efficiency and capital discipline.

Key advantages at Maria Norte include:

  • Favorable Metallurgy: Historic test work indicates amenability to conventional flotation processes.
  • Established Infrastructure: Road access and operating processing facilities are located approximately 11 kilometers from the project.
  • Reduced Capital Intensity: Proximity to existing mills has the potential to lower upfront capital requirements, shorten development timelines and reduce exposure to environmental costs related to mill operation.
  • Experienced Mining District: Maria Norte is located within one of Peru’s longest-producing silver regions, which has a well-established, supportive mining culture, and experienced local workforce.

Following the recent approval of the Maria Norte acquisition, Rio Silver has advanced boots-on-the-ground activities, including site access planning, infrastructure assessments, and early permitting preparations. In parallel, the Company continues constructive engagement with local community leaders, building on a foundation of cooperation in one of Peru’s most established and supportive mining regions.

Positioned for Near-Term Development

Rio Silver’s strategy at Maria Norte is focused on advancing accessible, high-grade mineralization through staged development while continuing exploration to expand the known system. Under Peru’s established exploration and exploitation framework, development activities can progress alongside exploration, allowing the Company to advance the project efficiently and responsibly.

Management believes that the combination of verified high-grade silver, nearby processing capacity, and an experienced in-country team places near-term development firmly within the Company’s strategic horizon, subject to continued technical success and permitting.

Next Steps

  • Advance Development Planning at Maria Norte: Continue site preparation activities, infrastructure assessments, and permitting work in support of staged underground access targeting accessible high-grade silver mineralization.
  • Expand Geological Understanding of the System: Complete detailed mapping, channel sampling, and geophysical surveys to refine priority targets and assess continuity along strike and at depth within the known vein corridor.
  • Progress Community and Stakeholder Engagement: Maintain active dialogue with local communities and stakeholders to finalize access agreements and support responsible development as work programs advance.
  • Parallel Metallurgical Work at Santa Rita: Advance ongoing metallurgical test work to better understand mineral processing characteristics while technical evaluations and project integration continue.

Why This Matters to Investors

As global silver markets continue to experience structural supply deficits, projects capable of advancing high-grade silver toward development are scarce. Maria Norte stands out due to its verified grades, district-scale setting, proximity to operating mills, and disciplined development strategy. With key technical milestones achieved and field activities advancing, Rio Silver believes it is well positioned to deliver continued progress and value creation for all stakeholders as the silver cycle unfolds.

Data Verification and Qualified Persons

The author’s verification samples were sent to Certimin S.A. laboratories in the Santiago de Surco Municipality of Lima. Samples were collected in the field under the supervision of the author, as chip samples from vein outcrops and a grab sample from a waste dump; the samples were bagged, labelled and sealed with one-use ties at the time they were taken. The samples were transported by the author, from the Project to Lima and then to Certimin S.A. in Lima for final preparation. Certimin complies with ISO 9001, OHSAS 18001 and is a fully recognized and certified facility. Locations of the samples were outlined NI43-101 Technical Report on the Maria Norte Au-Ag-Pb-Zn by Independent Geologist James McCrea P.Geo filed on Sedarplus December 16th, 2025.

Historic metallurgical work and the results are also summarized in Mr. McCrea’s NI43-101 report as follows: ‘three metallurgical samples from the Maria Norte veins that had been previously worked by Buenaventura were sent to Procesmin Ingenieros S.R.L. in Caraz, Ancash. The primary objective of the test work was to collect 2 samples to perform metallurgical testing of the mineralization present in the veins that were worked by Buenaventura and a sample also for preliminary metallurgical testing of a vein located in the Plata 33 concession, where another vein with previous exploitation works was sampled. All samples were sent to a laboratory in Caraz was to determine the samples response to concentration by froth flotation.

Jeffrey Reeder, P.Geo., is a Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical information contained in this news release. Mr. Reeder is a consultant to the Company and is not independent within the meaning of NI 43-101.

About Rio Silver Inc.

Rio Silver Inc. (TSX-V: RYO | OTC: RYOOF) is a Canadian resource company advancing high-grade, silver-dominant assets in Peru, the world’s second-largest silver producer. The Company is focused on near-term development opportunities within proven mineral belts and is supported by a seasoned technical and operational team with deep experience in Peruvian geology, underground mining, and district-scale exploration. With a clear development strategy, and a growing portfolio of highly prospective silver assets, Rio Silver is establishing the foundation to become one of Peru’s next emerging silver producers.
Learn more at www.riosilverinc.com

ON BEHALF OF THE BOARD OF DIRECTORS OF Rio Silver INC.

Chris Verrico
Director, President and Chief Executive Officer

To learn more or engage directly with the Company, please contact:

Christopher Verrico, President and CEO
Tel: (604) 762-4448
Email: chris.verrico@riosilverinc.com
Website: www.riosilverinc.com

Cautionary Note Regarding Forward-Looking Information

This news release contains ‘forward-looking statements’ within the meaning of applicable Canadian securities laws. All statements in this release that are not historical facts are forward-looking statements and are based on expectations and assumptions as of the date of this release. Forward-looking statements relate to future events or performance and include, but are not limited to, statements regarding the Company’s planned exploration and development activities at the Maria Norte Project, expected timelines for regulatory approvals, future work programs, engagement with local stakeholders, geological interpretations, and the Company’s ability to advance its assets toward potential development.

Forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially from those expressed or implied. These risks include, but are not limited to, operational risks, regulatory risks, geological uncertainties, availability of financing, community and social risks, commodity-price fluctuations, and general economic conditions. Additional risks are described in the Company’s filings available on SEDAR+ at www.sedarplus.ca .

Readers are cautioned not to place undue reliance on forward-looking statements. Rio Silver does not undertake to update forward-looking statements except as required by applicable law.

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/81e6ed33-b450-4103-8977-152584fad1db

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Locksley Resources (ASX: LKY,OTC:LKYRF; OTCQX: LKYRF and LKYLY) announced it has confirmed a continuous, high grade mineralized silver corridor at its Mojave Project in California following extensive surface reconnaissance and rock chip sampling across the North Block. The results materially extend known mineralization beyond the initial high grade silver discovery and strengthen the geological understanding of the project area. Specifics can be found here: https:cdn-api.markitdigital.comapiman-gatewayASXasx-research1.0file2924-03043548-6A1306070&v=undefined. The discovery represents an important advancement in the Company’s exploration strategy and identifies a new, potentially high-value component of the Mojave Project.

Kerrie Matthews, Managing Director and CEO said, ‘Defining a 3km mineralized trend with surface results of up to 409 g/t silver and 1.5% copper is a highly encouraging outcome. This discovery complements our core antimony development strategy and gives us exposure as a diversified U.S. critical minerals company.’ She added that the company is expected to advance this opportunity with a staged exploration program.

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

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

View original content:https://www.prnewswire.com/news-releases/locksley-confirms-continuous-high-grade-mineralized-silver-corridor-at-its-mojave-project-in-california-302653895.html

SOURCE Locksley Resources

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