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Here’s a quick recap of the crypto landscape for Wednesday (February 11) as of 9:00 a.m. UTC.

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

Bitcoin (BTC) was priced at US$66,970.63, down 2.2 percent over the last 24 hours.

Bitcoin price performance, February 11, 2026.

Chart via TradingView

Ether (ETH) was priced at US$1,949.36, down by 2.7 percent over the last 24 hours.

Altcoin price update

  • XRP (XRP) was priced at US$1.37, down by 2.4 over 24 hours.
  • Solana (SOL) was trading at US$81.04, down by 3.3 percent over 24 hours.

Today’s crypto news to know

Banks dig in on stablecoin yield as Clarity Act stalls

US banks are hardening their position on stablecoin rules, escalating a policy clash that has left the long-awaited Clarity Act stuck in Congress.

During a White House–hosted meeting led by the administration’s crypto council, banking groups circulated a proposal calling for an outright ban on paying interest or other incentives to stablecoin holders.

The draft language states: “No person may provide any form of financial or non-financial consideration to a stablecoin holder” in connection with holding or using a payment stablecoin.

Banking groups warned that allowing yield on stablecoins could “drive deposit flight that would undercut Main Street lending,” while crypto advocates argued innovation should not be stifled. The dispute centers on whether stablecoin rewards resemble bank deposits, potentially siphoning funds from traditional lenders.

‘As we noted during the meeting, that framework can and must embrace financial innovation without undermining safety and soundness, and without putting the bank deposits that fuel local lending and drive economic activity at risk. We look forward to ongoing discussions to move market structure legislation forward,’ the American Bankers Association (ABA) said in a statement following the meeting.

The standoff has become the main obstacle preventing the Clarity Act from advancing, despite earlier passage of the GENIUS Act, which created a federal framework for dollar-backed stablecoins.

Franklin Templeton, Binance roll out tokenized collateral program

Franklin Templeton and Binance have launched an institutional collateral program that allows tokenized money market fund shares to be used for crypto trading margin.

Issued via Franklin’s blockchain-based Benji platform, the tokenized shares remain in regulated third-party custody while Binance mirrors their value for trading purposes. The structure is designed to reduce counterparty risk by keeping assets off the exchange, addressing a longstanding concern among institutional investors.

Because the collateral consists of yield-bearing money market fund shares, institutions can continue earning interest while deploying capital for crypto trades. T

Currently, participation is limited to qualified institutional clients meeting Binance’s risk and compliance standards.

Goldman Sachs maintains US$1B Bitcoin ETF exposure

Goldman Sachs (NYSE:GS) disclosed in its latest SEC filing that it holds just over US$1 billion in exposure to Bitcoin through exchange-traded funds, even as the asset has fallen sharply from its October peak.

The exposure is split across products including BlackRock’s iShares Bitcoin Trust ETF (NASDAQ:IBIT) and Fidelity’s Wise Origin Bitcoin ETF (NEO:FBTC). Bitcoin has dropped roughly 47 percent from its high and is trading near US$67,000, part of a broader US$2 trillion drawdown across the crypto market.

ETF flows have been volatile, with more than US$6 billion exiting spot Bitcoin funds since November, according to industry data.

Despite the slump, Goldman has also expanded into Ethereum, XRP, and Solana ETFs.

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

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

This post appeared first on investingnews.com

LOS ANGELES — The world’s biggest social media companies face several landmark trials this year that seek to hold them responsible for harms to children who use their platforms. Opening statements for the first, in Los Angeles County Superior Court, begin this week.

Instagram’s parent company Meta and Google’s YouTube will face claims that their platforms deliberately addict and harm children. TikTok and Snap, which were originally named in the lawsuit, settled for undisclosed sums.

“This was only the first case — there are hundreds of parents and school districts in the social media addiction trials that start today, and sadly, new families every day who are speaking out and bringing Big Tech to court for its deliberately harmful products,” said Sacha Haworth, executive director of the nonprofit Tech Oversight Project.

At the core of the case is a 19-year-old identified only by the initials “KGM,” whose case could determine how thousands of other, similar lawsuits against social media companies will play out. She and two other plaintiffs have been selected for bellwether trials — essentially test cases for both sides to see how their arguments play out before a jury and what damages, if any, may be awarded, said Clay Calvert, a nonresident senior fellow of technology policy studies at the American Enterprise Institute.

It’s the first time the companies will argue their case before a jury, and the outcome could have profound effects on their businesses and how they will handle children using their platforms.

KGM claims that her use of social media from an early age addicted her to the technology and exacerbated depression and suicidal thoughts. Importantly, the lawsuit claims that this was done through deliberate design choices made by companies that sought to make their platforms more addictive to children to boost profits. This argument, if successful, could sidestep the companies’ First Amendment shield and Section 230, which protects tech companies from liability for material posted on their platforms.

“Borrowing heavily from the behavioral and neurobiological techniques used by slot machines and exploited by the cigarette industry, Defendants deliberately embedded in their products an array of design features aimed at maximizing youth engagement to drive advertising revenue,” the lawsuit says.

Executives, including Meta CEO Mark Zuckerberg, are expected to testify at the trial, which will last six to eight weeks. Experts have drawn similarities to the Big Tobacco trials that led to a 1998 settlement requiring cigarette companies to pay billions in health care costs and restrict marketing targeting minors.

“Plaintiffs are not merely the collateral damage of Defendants’ products,” the lawsuit says. “They are the direct victims of the intentional product design choices made by each Defendant. They are the intended targets of the harmful features that pushed them into self-destructive feedback loops.”

The tech companies dispute the claims that their products deliberately harm children, citing a bevy of safeguards they have added over the years and arguing that they are not liable for content posted on their sites by third parties.

“Recently, a number of lawsuits have attempted to place the blame for teen mental health struggles squarely on social media companies,” Meta said in a recent blog post. “But this oversimplifies a serious issue. Clinicians and researchers find that mental health is a deeply complex and multifaceted issue, and trends regarding teens’ well-being aren’t clear-cut or universal. Narrowing the challenges faced by teens to a single factor ignores the scientific research and the many stressors impacting young people today, like academic pressure, school safety, socio-economic challenges and substance abuse.”

A Meta spokesperson said in a recent statement that the company strongly disagrees with the allegations outlined in the lawsuit and that it’s “confident the evidence will show our longstanding commitment to supporting young people.”

José Castañeda, a Google Spokesperson, said that the allegations against YouTube are “simply not true.” In a statement, he said, “Providing young people with a safer, healthier experience has always been core to our work.”

The case will be the first in a slew of cases beginning this year that seek to hold social media companies responsible for harming children’s mental well-being.

In New Mexico, opening statements begin Monday for trial on allegations that Meta and its social media platforms have failed to protect young users from sexual exploitation, following an undercover online investigation. Attorney General Raúl Torrez in late 2023 sued Meta and Zuckerberg, who was later dropped from the suit.

Prosecutors have said that New Mexico is not seeking to hold Meta accountable for its content but rather its role in pushing out that content through complex algorithms that proliferate material that can be harmful, saying they uncovered internal documents in which Meta employees estimate that about 100,000 children every day are subjected to sexual harassment on the company’s platforms.

Meta denies the civil charges while accusing Torrez of cherry-picking select documents and making “sensationalist” arguments. The company says it has consulted with parents and law enforcement to introduce built-in protections to social media accounts, along with settings and tools for parents.

A federal bellwether trial beginning in June in Oakland, California, will be the first to represent school districts that have sued social media platforms over harms to children.

In addition, more than 40 state attorneys general have filed lawsuits against Meta, claiming it is harming young people and contributing to the youth mental health crisis by deliberately designing features on Instagram and Facebook that addict children to its platforms. The majority of cases filed their lawsuits in federal court, but some sued in their respective states.

TikTok also faces similar lawsuits in more than a dozen states.

This post appeared first on NBC NEWS

At Super Bowl LX, companies behind blockbuster GLP-1 medications spent tens of millions of dollars to court a mass audience.

But as brand-name makers and telehealth platforms race to normalize and expand access, regulators on both sides are warning of a parallel surge in counterfeit, compounded, and black-market versions.

A s much as 12 percent of American adults are now using GLP-1 medications, with US patients spending US$40 billion on appetite-suppressing drugs in 2024. That figure is projected to triple by 2030, according to recent data by Grand View Research.

This year’s Super Bowl advertising lineup reflected that demand. Eli Lilly and Company (NYSE:LLY), maker of Zepbound and Mounjaro, ran a pre-game spot. Novo Nordisk (NYSE:NVO), which produces Wegovy and Ozempic, aired its first-ever Super Bowl commercial during the game itself, featuring DJ Khaled, John C. Reilly, and other celebrities.

Telehealth provider Ro enlisted Serena Williams for an in-game campaign, while Hims & Hers returned for a second consecutive year with a provocative message focused on healthcare inequality.

The ads signal that GLP-1 drugs—originally developed to treat type 2 diabetes—have become household names. These medications mimic a hormone that regulates blood sugar, appetite and digestion. Beyond weight loss, they are increasingly studied for potential benefits in heart disease and other conditions.

Regulators warn of a growing ‘black market’

But as demand accelerates, so too has the gray and black market.

In the US, the Food and Drug Administration (FDA) has warned that some patients are turning to unapproved versions of GLP-1 drugs, including semaglutide and tirzepatide, for weight loss.

These versions may be compounded by pharmacies when approved drugs are unavailable, but compounded drugs are not reviewed by the FDA for safety, effectiveness, or quality before being marketed.

The agency has also raised concerns about improper storage during shipping, particularly for injectable versions that require refrigeration. It has also flagged fraudulent compounded products bearing false labels or the names of pharmacies that did not produce them.

The FDA has established an import alert to help block GLP-1 active pharmaceutical ingredients with potential quality concerns from entering the US supply chain, while emphasizing that compounded drugs should only be used when a patient’s medical needs cannot be met by an FDA-approved alternative.

Researchers found that one in seven users were taking drugs not licensed for weight loss, often purchased privately.

The situation is also similar in the UK. More than 6,500 counterfeit or unlicensed weight-loss injections have been seized over the past three years, according to new data from the Medicines and Healthcare products Regulatory Agency (MHRA) as reported by The Independent.

Seizures rose sharply from 407 in 2023 to 5,851 in 2025, with many discovered through inland investigations rather than at the border, suggesting a growing domestic black market.

Andy Morling, deputy director of enforcement at the MHRA, said the agency removed nearly 20 million illegally traded medicines from circulation last year. “Each and every one of those products was potentially dangerous to the public,” he said.

Online providers have warned that demand is outpacing regulated access. Sokratis Papafloratos, founder of Numan, told a London Assembly committee, “ In terms of illicit access, I think we really underestimate the problem and misunderstand it.”

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

This post appeared first on investingnews.com

A Senate Republican who has routinely broken from the GOP and President Donald Trump announced that she wouldn’t support efforts to pass voter ID legislation. 

Sen. Lisa Murkowski, R-Alaska, said in a post on X on Tuesday that she would oppose forthcoming legislation that would enact more stringent election integrity laws backed by both Trump and conservatives in the upper chamber. Her opposition underscores a reality many in the Senate already acknowledge: without extraordinary steps such as nuking the filibuster or support from Democrats (a non-starter), the effort is effectively dead on arrival.

Murkowski panned a pair of bills — the Safeguarding American Voter Eligibility Act, dubbed the SAVE America Act, and the Make Elections Great Again (MEGA) Act — two voter ID and election integrity proposals making their way through the House. 

She noted that when congressional Democrats ‘attempted to advance sweeping election reform legislation in 2021, Republicans were unanimous in opposition because it would have federalized elections, something we have long opposed.’

‘Now, I’m seeing proposals such as the SAVE Act and MEGA that would effectively do just that. Once again, I do not support these efforts,’ Murkowski said.  

Congressional Democrats under former President Joe Biden tried and failed to enact two election reform bills, the John Lewis Voting Rights Act and the For the People Act. 

Congressional Republicans strongly opposed those efforts, and argued at the time that the bills would effectively nationalize elections and give Democrats control of the election system across the country.

Conservatives’ bid to reshape the election landscape also runs into the Constitution, which delegates election authorities to state and local officials and gives the federal government little input. 

‘Not only does the U.S. Constitution clearly provide states the authority to regulate the ‘times, places, and manner’ of holding federal elections, but one-size-fits-all mandates from Washington, D.C., seldom work in places like Alaska,’ Murkowski said.  

‘Election Day is fast approaching,’ she continued. ‘Imposing new federal requirements now, when states are deep into their preparations, would negatively impact election integrity by forcing election officials to scramble to adhere to new policies, likely without the necessary resources. Ensuring public trust in our elections is at the core of our democracy, but federal overreach is not how we achieve this.’

Her pushback comes as Trump has called on the GOP to nationalize elections. House Republicans are gearing up to vote on the SAVE America Act and a cohort of Senate Republicans are eying ways to get the bill onto the Senate floor.

Several Senate Republicans, including Senate Majority Leader John Thune, R-S.D., have come out against Trump’s call to nationalize elections. But public opposition to the voter ID efforts among Republicans is few and far between.

But given the political reality of the Senate, where the 60-vote filibuster threshold is an impossible bar to overcome without Senate Minority Leader Chuck Schumer, D-N.Y., and Senate Democrats’ support, the bill will likely die.

This post appeared first on FOX NEWS

As U.S.-Iran diplomacy remains primarily focused on Tehran’s nuclear program, Israeli officials and analysts warn that ballistic missiles remain a central red line for Jerusalem and could shape any decision on unilateral action.

Before departing for his trip to Washington, Prime Minister Benjamin Netanyahu said he plans to press Israel’s priorities in the talks. ‘I will present to the president our views regarding the principles of the negotiations — the important principles — and, in my view, they are important not only for Israel, but for anyone in the world who wants peace and security in the Middle East.’

Those priorities, Israeli officials say, extend beyond the nuclear file and include Iran’s missile capabilities. Israeli defense officials have recently warned U.S. counterparts that Iran’s ballistic missile program constitutes an existential threat to Israel and that Jerusalem is prepared to act alone if necessary, according to reporting by The Jerusalem Post.

The outlet reported that Israeli security officials conveyed in recent weeks their intent to dismantle Iran’s missile capabilities and production infrastructure through a series of high-level exchanges with Washington. Military planners outlined potential operational concepts aimed at degrading the program, including strikes on key manufacturing and development sites.

A spokesperson for Israel’s defense minister declined to comment on the issue.

Sima Shine, a former senior Israeli intelligence official and current senior researcher at the Institute for National Security Studies, told Fox News Digital that limiting talks to the nuclear issue risks missing what Israel considers the broader threat.

‘If negotiations deal only with the nuclear file and ignore the missiles, Israel will remain exposed,’ Shine said. ‘Iran treats its ballistic missile program as its main deterrence and will not give it up.’ She stressed that Tehran views them as a defensive and deterrent capability dictated by the supreme leader. Iranian Foreign Minister Abbas Araghchi said his country would not negotiate on its ballistic missile program, rejecting a core U.S. demand and further dimming prospects for a breakthrough deal. Shine described that stance as a fundamental red line for Israel. 

She also warned that Tehran may be stalling diplomatically while assessing whether Washington will limit the talks to nuclear constraints alone.

‘They have room to show flexibility on enrichment,’ she said, noting that activity slowed after strikes on facilities, ‘but missiles are different. That they would not discuss.’

Israeli concerns extend beyond the negotiating table. A former intelligence official familiar with strategic planning said Israel retains the capability to strike independently if necessary.

‘Israel can act by itself if there is no choice,’ the former official said, adding that missile expansion and regional threats would be key triggers.

Shine says the optics of Israeli pressure on Washington could complicate matters.

‘If missiles become the central public demand, it may look as if Israel is pushing the U.S. toward military action,’ she said. ‘If that fails, Israel could be blamed.’

She added that Iran’s missile arsenal is not aimed solely at Israel but forms part of a broader deterrence strategy against the United States and regional adversaries.

For Israel, the implication is clear. A nuclear agreement that leaves Iran’s missile infrastructure untouched could be seen in Jerusalem as stabilizing the regime while leaving the most immediate threat in place. That calculation, Israeli analysts say, defines the red line.

This post appeared first on FOX NEWS

The No. 2 House Republican in Congress tore into Mayor Zohran Mamdani on Tuesday after cold weather left 18 New York City residents dead.

House Majority Leader Steve Scalise, R-La., made the comments in the context of warning that Democrats’ rejection of a bipartisan compromise on funding the Department of Homeland Security (DHS) will leave critical offices — like the Federal Emergency Management Agency (FEMA) — with a dire lack of money.

‘What is not funded if the Democrats get their way? They will literally shut down funding for disaster relief and FEMA,’ Scalise said. ‘In the middle of a storm that in New York City alone — you want to see what socialism gets you — people now have frozen to death under the leadership of the socialist Mamdani. That’s what Democrat leadership gets you.’

Mamdani confirmed on Monday that an 18th person died in New York City during a period of dangerously low temperatures up and down the East Coast.

‘Since Friday’s press conference, one additional New Yorker lost their life on the streets of our city as a result of this cold snap. The total lives lost is now 18. Each life lost is a tragedy, and we will continue to hold their families in our thoughts,’ Mamdani said during a press conference about a separate issue.

He urged homeless residents to shield themselves from below-freezing temperatures at a shelter, while his administration has also deployed warming vehicles throughout the city.

Republicans, however, have accused Mamdani of not doing enough to expand access to emergency services during the bitter winter.

It’s not clear what role FEMA currently has in aiding New Yorkers during the city’s cold snap, but its potential cutoff in funding if DHS shuts down at the end of this week is one of Republicans’ main pressure points in forcing Democrats to agree to a deal.

Scalise also pointed out that the Transportation Security Administration (TSA) could also see its employees forced to work without pay if DHS funding lapsed.

‘They want to shut down TSA. So just take Atlanta’s airport, LaGuardia [in New York City]. Those two airports alone having been shut down, if the Democrats get their way, will wreak havoc with tens of millions of Americans who just want to go see their family members, want to travel for a wedding, or whatever the case may be,’ he said.

‘Maybe they’re trying to start a small business and want to go to another city to try to create some jobs. They won’t be able to do that because Democrats want to have a tantrum, not to defund ICE, because again, ICE is fully funded, but just because they want to cause chaos in America to get open borders.’

Immigrations and Customs Enforcement (ICE), whose funding Democrats have taken issue with specifically, got an injection of billions of dollars from President Donald Trump’s big, beautiful bill last year.

Fox News Digital reached out to the New York City mayor’s office for a response to Scalise’s comments.

This post appeared first on FOX NEWS

Emboldened congressional Democrats are once again expanding their battleground map for this year’s midterm elections, when Republicans will be defending their razor-thin majority in the House.

The Democratic Congressional Campaign Committee (DCCC) on Tuesday added five more offensive opportunities in Colorado, Minnesota, Montana, South Carolina and Virginia to their list of what they consider are vulnerable Republican-held House districts.

That brings the total number of districts Democrats are hoping to flip to 44. The DCCC notes that all five of the new districts they’re adding to their list of ‘offensive targets’ were carried by President Donald Trump by 13 points or fewer in the 2024 elections.

Republicans currently control the House by a 218-214 majority, with two right-tilting districts and one left-leaning seat currently vacant. Democrats need a net gain of just three seats in the midterms to win back the majority for the first time in four years.

The move by the DCCC comes as Democrats are energized, despite the party’s polling woes. Democrats, thanks to their laser focus on affordability amid persistent inflation, scored decisive victories in the 2025 elections and have won or over performed in a slew of scheduled and special ballot box contests since Trump returned to the White House over a year ago.

Republicans, meanwhile, are facing traditional political headwinds in which the party in power in the nation’s capital normally suffers setbacks in the midterm elections. And the GOP is also dealing with Trump’s continued underwater approval ratings and national polls — including the latest Fox News survey — that indicate many Americans feel things are worse off than they were a year ago and remain pessimistic about the economy.

‘Democrats are on offense, and our map reflects the fact that everyday Americans are tired of Republicans’ broken promises and ready for change in Congress,’ DCCC Chair Suzan DelBene emphasized in a statement. ‘Healthcare, housing, groceries, energy bills — they are all going up, and it’s directly because of Republican policies that favor the wealthiest few while leaving hardworking families behind.’

And DelBene predicted, ‘Going into the midterms, Democrats have the winning message, top-tier candidates, and the public on our side, paving the way for a new Democratic House Majority under the leadership of a Speaker Hakeem Jeffries.’

But the rival National Republican Congressional Committee (NRCC) scoffed at the move by the DCCC.

‘National Democrats are daydreaming while the ground collapses beneath them. Democrats are getting demolished in the money race, their incumbents are hanging by a thread, and their disastrous primaries are producing unelectable far-left socialists. The battleground favors Republicans,’ NRCC Spokesman Mike Marinella argued in a statement to Fox News Digital.

The NRCC is currently targeting what it considers 29 vulnerable House Democrats in the midterms.

The new districts being targeted by the Democrats are Colorado’s 5th Congressional District, where Republican Rep. Jeff Crank won re-election in 2024 by 14 points. They also include Minnesota’s 1st CD and Montana’s 1st CD, where GOP Reps. Brad Finstad and Ryan Zinke are seeking re-election, and Virginia’s 5th CD, where Republican Rep. John McGuire is running for another term.

The fifth district the DCCC is adding to their target list is the open seat race in South Carolina’s 1st CD, where Republican Rep. Nancy Mace is running for governor rather than seeking re-election.

This post appeared first on FOX NEWS

Israeli Prime Minister Benjamin Netanyahu said that he plans to discuss Iran and Gaza with U.S. President Donald Trump during their upcoming visit.

The foreign figure, who is traveling to the U.S. to meet with Trump, indicated that the two nations share a close bond, and that he and Trump are close as well.

‘I am now leaving for the United States for my seventh trip to meet with President Trump since he was elected for a second term. This, of course, does not include his unforgettable visit to Israel and his speech in the Knesset,’ Netanyahu noted, according to the Israeli government.

‘I think these reflect the unique closeness of the extraordinary relationship that we have with the United States, that I personally have with the President, that the State of Israel has with the United States — unprecedented in our history,’ he said.

‘On this trip we will discuss a range of issues: Gaza, the region, but of course, first and foremost, the negotiations with Iran. I will present to the President our outlook regarding the principles of these negotiations — the essential principles which, in my opinion, are important not only to Israel, but to everyone around the world who wants peace and security in the Middle East,’ Netanyahu said.

In a statement to Fox News Digital, White House spokesperson Anna Kelly declared, ‘President Trump and Prime Minister Netanyahu have a great relationship and Israel has had no better friend in its history than President Trump. We continue to work closely with our ally Israel to implement President Trump’s historic Gaza peace agreement and to strengthen regional security in the Middle East.’ 

Trump issued a Truth Social post last month warning that the U.S. will attack Iran if the Islamic Republic does not negotiate a nuclear deal.

‘Iran will quickly ‘Come to the Table’ and negotiate a fair and equitable deal – NO NUCLEAR WEAPONS – one that is good for all parties,’ Trump noted in the post. 

‘As I told Iran once before, MAKE A DEAL! They didn’t, and there was ’Operation Midnight Hammer,’ a major destruction of Iran. The next attack will be far worse! Don’t make that happen again,’ he warned.

This post appeared first on FOX NEWS

Investor Insight

AuKing Mining offers investors exposure to uranium, copper and critical minerals through a diversified international portfolio, highlighted by its proposed 100 percent owned Tasmanian tin acquisition, the 100% Mkuju uranium project, and the advanced Koongie Park copper-zinc JV project in Western Australia. The company is focused on progressing quality assets while pursuing new opportunities aligned with strong commodity demand.

Overview

AuKing Mining (ASX:AKN) is an exploration and development company with a portfolio of assets focused on uranium, copper and critical minerals across Australia (Koongie Park and Tasmania tin), Tanzania (Mkuju) and North America. The company aims to become a mid-tier producer through the acquisition and development of near-term production assets.

In February 2025, AuKing Mining entered into a strategic agreement with Gage Resources, an Australian subsidiary of Beijing-based Gage Capital Management. The agreement included a strategic equity investment and the sale of certain non-core prospecting licences in Tanzania, strengthening AuKing’s balance sheet and supporting ongoing exploration and development activities.

Company Highlights

  • AuKing Mining is an exploration and development company with a portfolio of copper, uranium and critical minerals assets across Australia, Tanzania and North America.
  • Strategic Acquisitions and Partnerships:
    • Signed an agreement to acquire a 100 percent interest in tin and silver exploration licence applications in Tasmania adjacent to the Renison Bell tin mine (subject to due diligence, licence grant and shareholder approval).
    • Entered a joint venture in February 2025 with ASX-listed Cobalt Blue Holdings (COB), whereby COB can earn up to a 75 percent interest in the Koongie Park project in Western Australia and continues to sole-fund project development activities.
    • Formed a strategic partnership with a large Beijing-based resources fund, Gage Capital, in February 2025.
  • AuKing is led by an experienced management team executing the company’s strategies to increase shareholder value.

Key Projects

Koongie Park

The Halls Creek project, also known as the Koongie Park project, is located approximately 25 km southwest of Halls Creek in Western Australia’s Halls Creek Mobile Belt. The project hosts the Onedin, Sandiego and Emull deposits, containing copper, zinc, gold, silver and lead mineralisation.

Cobalt Blue Holdings continues to solely fund development activities under the February 2025 earn-in joint venture. In June 2025, Cobalt Blue released a scoping study outlining positive project economics on a 100 percent project basis, and work during the December 2025 quarter continued to advance the project.

Mkuju Uranium Project

Mkuju is situated immediately to the southeast of the world class Nyota uranium project that was the primary focus of exploration and development feasibility studies by then ASX-listed Mantra Resources (ASX:MRU). Not long after completion of feasibility studies for Nyota in early 2011, MRU announced a AU$1.16 billion takeover offer from the Russian group ARMZ. The takeover was finalised in mid-2011.

Mkuju remains AuKing’s primary focus of exploration activity in Tanzania. A detailed exploration drilling program has been approved by local authorities and is expected to commence when sufficient funding is available.

Tasmanian Tin Project

AuKing recently announced the proposed acquisition of certain licence interests that are prospective for tin, tungsten and silver. The licence areas are situated close to the world class Renison Bell tin mine.

Management Team

Peter Tighe – Non-executive Chairman

Peter Tighe started his career in the family-owned JH Leavy & Co business, which is one of the longest established fruit and vegetable wholesaling businesses in the Brisbane Markets at Rocklea. As the owner and managing director of JH Leavy & Co, Tighe expanded the company along with highly respected farms and packhouses that have been pleased to supply the company with top quality fruit and vegetables for wholesale/export for over 40 years. Tighe has been a director of Brisbane Markets Limited (BML) since 1999 and is currently the deputy chairman. BML is the owner of the Brisbane Markets site and is responsible for the ongoing management and development of its $400 million asset portfolio. As the proprietor of the site, BML has over 250 leases in place including selling floors, industrial warehousing, retail stores and commercial offices. BML acknowledges its role as an economic hub of Queensland, facilitating the trade of $1.5 billion worth of fresh produce annually, and supporting local and regional businesses of the horticulture industry.

Paul Williams – Managing Director

Paul Williams holds both Bachelor of Arts and Law Degrees from the University of Queensland and practised as a corporate and commercial lawyer with Brisbane legal firm HopgoodGanim Lawyers for 17 years. He ultimately became an equity partner of HopgoodGanim Lawyers before joining Eastern Corporation as their chief executive officer in August 2004. In mid-2006, Williams joined Mitsui Coal Holdings as general counsel, participating in the supervision of the coal mining interests and business development activities within the multinational Mitsui & Co group. Williams is well-known in the Brisbane investment community as well as in Sydney and Melbourne and brings to the AKN board a broad range of commercial and legal expertise – especially in the context of mining and exploration activities. He also has a strong focus on corporate governance and the importance of clear and open communication of corporate activity to the investment markets.

Lincoln Ho – Non-executive Director

Lincoln Ho brings over eight years of ASX-listed directorship experience, with a strong background in corporate strategy, mining exploration, and administration across both Australian and international jurisdictions. He has played a key role in guiding companies through transactions in local and overseas markets, working closely with corporate financiers in the emerging companies space. He is currently a non-executive director of Askari Metals and has previously served on the boards of Aldoro Resources, Redcastle Resources, and Red Mountain Mining.

Paul Marshall – Chief Financial Officer and Company Secretary

Paul Marshall is a chartered accountant with a Bachelor of Law degree, and a postgraduate Diploma in Accounting and Finance. He has 30 years of professional experience having worked for Ernst and Young for 10 years, and subsequently twenty years spent in commercial roles as company secretary and CFO for a number of listed and unlisted companies, mainly in the resources sector. Marshall has extensive experience in all aspects of company financial reporting, corporate regulatory and governance areas, business acquisition and disposal due diligence, capital raising and company listings and company secretarial responsibilities.

This post appeared first on investingnews.com

Sankamap Metals Inc. (CSE: SCU) (‘Sankamap’ or the ‘Company’) is pleased to announce assay results from its Oceania Project on the Fauro Property. The preliminary exploration program on Fauro’s 24,000-hectare (‘Ha’) property located in the Shortland Islands, Western Province, Solomon Islands, included grab samples during a November 2025 site visit. These samples returned multiple high-grade gold (Au) and silver (Ag) results at the Meriguna Target, including up to 116 grams per tonne (gt) Au and 87.5 gt Ag.

CEO, John Florek, commented:

‘Once again, our work at the Fauro Property has delivered very high-grade results. At Meriguna, about 2.5 kilometres north of the Kiovakse target, which previously returned exceptional gold and copper values (see press release dated July 16, 2025), we continue to see compelling evidence of a robust mineralized system.

The scale of mineralization and the strength of the grades encountered across the property underscore its significant discovery potential. Importantly, multiple analogous geophysical signatures along the rim of the caldera remain untested, providing substantial upside as we advance our exploration program.’

Highlights

  • Meriguna returned several high-grade gold values, of up to 116 g/t Au, and an average grade of 16.4 g/t Au across all rock samples.

  • Silver values show a strong correlation with gold, returning assays of up to 87.5 g/t Ag.

  • Visible gold was identified throughout the property in surface alluvial workings from local artisanal miners at the Meriguna Prospect.

  • Meriguna and the Kiovakse target demonstrate strongly comparable alteration and mineralized signatures highlighting the potential scale and continuity of mineralization across the area.

  • The team is advancing and refining mineralized zones to generate high-priority drill target.

  • A phased 2026 exploration program will continue systematic sampling to validate historical results, followed by targeted geophysical surveys. All data will be integrated to design a focused drill program aimed at confirming historical intersections and testing extensions of mineralization that remain open at depth and along strike.

Discussion of Results

The Meriguna target at the Fauro Property continues to deliver highly encouraging results and is located approximately 2.5 km from the Kiovakse target, highlighting the broader prospectivity of the area. The November 2025 site visit successfully validated historical data while generating new geological vectors to refine and prioritize future drill planning. As summarized in the accompanying table (see Table 1), surface sampling returned multiple high-grade gold results, including exceptional assays of up to 116 g/t Au, underscoring the presence of a robust mineralizing system at Meriguna.

These high-grade gold values, together with consistently elevated gold, silver, and copper results from both the Meriguna and nearby Kiovakse targets, underscore the effectiveness of the Company’s focused and systematic exploration strategy. Collectively, the results support the presence of a strong epithermal system and continue to advance multiple high-priority targets across the Fauro Property.

Table of Results

Sample 
ID
Year Au (g/t) Ag (g/t)
D09101 2025 1.09 <0.5
D09104 2025 2.47 0.6
D09105 2025 1.39 28.2
D09106 2025 13.4 23.3
D09107 2025 4.7 45.3
D09108 2025 0.84 8.5
D09109 2025 0.97 7.5
D09110 2025 3.08 7.9
D09111 2025 7.83 21.4
D09112 2025 81.1 37
D09113 2025 116.0 87.5
D09114 2025 2.09 4.5
D09115 2025 10.5 43.2
Table 1: Select rock samples and assay results collected over the Meriguna Target Area in November, 2025.

 

Figure 1: Fauro tenement boundaries with magnetic overlay and target area locations.

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Figure 2: Fauro Property-Meriguna target illustrating historical trench highlights with new sample locations from November, 2025 sampling 

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Figure 3: Selected rock samples from Meriguna target, Fauro. 

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Property Description

The Fauro Property is strategically located along a regional Cu-Au trend hosting major deposits, including Lihir and Panguna1. Fauro shares key tectonic and geological features with these deposits and lies within a largely underexplored region.

1Lihir containing 71 Moz Au:

Proven and Probable: 310 Mt containing 23 Moz Au at 2.3 g/t
Indicated: 520 Mt containing 39 Moz Au at 2.3 g/t
Measured: 81 Mt containing 5 Moz Au at 1.9 g/t
Inferred: 61 Mt containing 4.9 Moz Au at 2.3 g/t

Panguna containing 19.3 Moz Au + 5.3 Mt Cu:

Indicated: 1.5 Mt containing 16.1 Moz Au at 0.33 g/t and 4.6 Mt Cu at 0.3%
Inferred: 300 Mt containing 3.2 Moz Au 0.4 g/t and 0.7 Mt Cu

Next Steps at the Property – 2026 Exploration

Historical drilling, surface sampling, and geophysical work at the Fauro Property have highlighted multiple near-surface epithermal gold systems. Recent rock sampling at the Meriguna Target has confirmed significant surface gold mineralization.

A phased 2026 exploration program will continue systematic sampling to validate historical results, followed by targeted geophysical surveys as warranted. All data will be integrated to design a focused drill program aimed at confirming historical intersections and testing extensions of mineralization that remain open at depth and along strike.

Quality Assurance and Control Procedures

Sample preparation and analysis was completed at the Brisbane, Australia ALS Global Facility accredited by the National Association of Testing Authorities (NATA) and compliant with international standards ISO/IEC 17025. Samples were analyzed using Four acid digestion methods on 34 elements: HF-HNO3-HCIO4 acid digestion, HCL leach and ACP-AES. Gold was analyzed using the Fire Assay technique with a 50g sample under the ALS code Au-AA26. A secure chain of custody procedure was maintained in storing and transporting samples. Sankamap uses industry standards for collecting samples taken on the Fauro property, internal quality assurance and quality control (QAQC) procedures were followed by ALS.

About Sankamap Metals Inc.

Sankamap Metals Inc. (CSE: SCU) is a Canadian mineral exploration company dedicated to the discovery and development of high-grade copper and gold deposits through its flagship Oceania Project, located in the South Pacific. The Company’s fully permitted assets are strategically positioned in the Solomon Islands, along a prolific geological trend that hosts major copper-gold deposits; including Newmont’s Lihir Mine, with a resource of 71.9 million ounces of gold¹ (310 Mt containing 23 Moz Au at 2.3 g/t P+P, 520 Mt containing 39 Moz Au at 2.3 g/t indicated, 81 Mt containing 5 Moz Au at 1.9 g/t measured, 61 Mt containing 4.9 Moz Au at 2.3 g/t Inferred).

Exploration is actively advancing at both the Kuma and Fauro properties, part of Sankamap’s Oceania Project in the Solomon Islands. Historical work has already highlighted the mineral potential of both sites, which lie along a highly prospective copper and gold-bearing trend, suggesting the possibility of further, yet-to-be-discovered deposits.

At Kuma, the property is believed to host an underexplored and largely untested porphyry copper-gold (Cu-Au) system. Historical rock chip sampling has returned consistently elevated gold values above 0.5 g/t Au, including a standout sample assaying 11.7% Cu and 13.5 g/t Au3; underscoring the area’s significant potential.

At Fauro, particularly at the Meriguna Target, historical trenching has returned highly encouraging results, including 8.0 meters at 27.95 g/t Au and 14.0 meters at 8.94 g/t Au4. Complementing these results are exceptional grab sample assays, including historical values of up to 173 g/t Au4, along with recent sampling by Sankamap at the Kiovakase Target, which returned numerous high-grade copper values, reaching up to 4.09% Cu. In addition, limited historical shallow drilling intersected 35.0 meters at 2.08 g/t Au4, further underscoring the property’s strong mineral potential and the merit for continued exploration. With a commitment to systematic exploration and a team of experienced professionals, Sankamap aims to unlock the untapped potential of underexplored regions and create substantial value for its shareholders. For more information, please refer to SEDAR+ (www.sedarplus.ca), under Sankamap’s profile.

  1. Newcrest Technical Report, 2020 (Lihir: 310 Mt containing 23 Moz Au at 2.3 g/t P+P, 520 Mt containing 39 Moz Au at 2.3 g/t indicated, 81 Mt containing 5 Moz Au at 1.9 g/t measured, 61 Mt containing 4.9 Moz Au at 2.3 g/t Inferred)

  2. Bougainville Copper Ltd. Annual Report, 2016 (1.5 Mt containing 16.1 Moz Au at 0.33 g/t and 4.6 Mt Cu at 0.3 % Indicated, 300 Mt containing 3.2 Moz Au 0.4 g/t and 0.7 Mt Cu Inferred)

  3. Historical grab, soil and BLEG samples from SolGold Kuma Review June 2015, and SolGold plc Annual Report 2013/2012

  4. September 2010-June 2012 press releases from Solomon Gold Ltd. and SolGold Fauro Island Summary Technical Info 2012

QP Disclosure

The technical content for the Oceania Project in this news release has been reviewed and approved by John Florek, M.Sc., P.Geol., a Qualified Person in accordance with CIM guidelines. Mr. John Florek is in good standing with the Professional Geoscientists of Ontario (Member ID:1228) and a director and officer of the Company.

ON BEHALF OF THE BOARD OF DIRECTORS,

s/ ‘John Florek’
John Florek, M.Sc., P.Geol
Chief Executive Officer
Sankamap Metals Inc.

Contact:
John Florek, CEO
T: (807) 228-3531
E: johnf@sankamap.com

Krystle Adair, VP Exploration
T: (778) 558-3635
E: krystlea@sankamap.com

The Canadian Securities Exchange has not approved nor disapproved this press release.

Forward-Looking Statements

Forward-Looking Statements Certain statements in this release constitute ‘forward-looking statements’ or ‘forward-looking information’ within the meaning of applicable securities laws including, without limitation, the timing, nature, scope and details regarding the Company’s exploration plans and results at its projects. Such statements and information involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company, its projects, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such statements can be identified by the use of words such as ‘may’, ‘would’, ‘could’, ‘will’, ‘intend’, ‘expect’, ‘believe’, ‘plan’, ‘anticipate’, ‘estimate’, ‘scheduled’, ‘forecast’, ‘predict’ and other similar terminology, or state that certain actions, events or results ‘may’, ‘could’, ‘would’, ‘might’ or ‘will’ be taken, occur or be achieved. These statements reflect the Company’s current expectations regarding future events, performance and results and speak only as of the date of this release.

Forward-looking statements and information contained herein are based on certain factors and assumptions regarding, among other things, the estimation of mineral resources and reserves, the realization of resource and reserve estimates, metal prices, taxation, the estimation, timing and amount of future exploration and development, capital and operating costs, the availability of financing, the receipt of regulatory approvals, environmental risks, title disputes and other matters. While the Company considers its assumptions to be reasonable as of the date hereof, forward-looking statements and information are not guarantees of future performance and readers should not place undue importance on such statements as actual events and results may differ materially from those described herein. The Company does not undertake to update any forward-looking statements or information except as may be required by applicable securities laws.

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