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Warner Bros. Discovery reopens talks with Paramount

Warner Bros. Discovery said Tuesday that it was reopening talks with Paramount Skydance, giving the studio a week to rival Netflix in its bid to take over the streaming and cable giant.

In a statement, Warner Bros. Discovery said it had rejected the latest $30-a-share offer from Paramount but would give the company until Monday ‘to make its best and final offer.’

It also said a ‘senior representative’ of Paramount had indicated that the CBS owner would be willing to meet an even higher price, $31 a share, seemingly enticing the board back to the table.

At the same time, Warner Bros. is still recommending its shareholders vote at a special meeting March 20 to approve the $82.7 billion deal it reached in December to sell its streaming service, studio and HBO cable channel to Netflix.

Paramount is seeking to buy the entirety of Warner Bros. Discovery.

‘Every step of the way, we have provided [Paramount Skydance] with clear direction on the deficiencies in their offers and opportunities to address them,’ David Zaslav, CEO of Warner Bros. Discovery, said in the statement.

In a letter to the Paramount board — chaired by David Ellison, also the company’s CEO and controlling shareholder — Warner Bros. said that while Paramount had indicated it would address ‘unfavorable terms and conditions,’ these had not yet been removed from the proposed merger agreement.

Warner Bros. has repeatedly rejected previous bids from Paramount, citing the ‘insufficient value’ offered.

In a separate statement, Netflix hit out at what it called Paramount’s ‘antics.’

‘Throughout the robust and highly competitive strategic review process, Netflix has consistently taken a constructive, responsive approach with WBD, in stark contrast to Paramount Skydance,’ it said.

Netflix said that it was ‘confident that our transaction provides superior value and certainty’ but also recognized ‘the ongoing distraction for WBD stockholders and the broader entertainment industry caused by’ Paramount. The company said it granted Warner Bros. the one-week window to reopen talks with Paramount to ‘fully and finally resolve this matter.’

Netflix also took aim at the regulatory process required for either company to complete a takeover.

It said that Paramount has ‘repeatedly mischaracterized the regulatory review process by suggesting its proposal will sail through.’

‘WBD stockholders should not be misled into thinking that PSKY has an easier or faster path to regulatory approval — it does not,’ Netflix said.

In a statement, Paramount Skydance reiterated its existing offer to Warner Bros. Discovery of $30 per share. The company did not indicate if it would submit a higher bid.

Paramount called the one-week negotiating window ‘unusual’ but said it ‘is nonetheless prepared to engage in good faith and constructive discussions.’

The Ellison-backed media giant also said it would continue advocating against the Netflix deal and submit a slate of directors for Warner Bros.’ board at the upcoming shareholder meeting, as it previously planned to.

President Donald Trump, whose administration approved Ellison’s takeover of Paramount last year, said early in the bidding process he would be involved in approving a deal with Warner Bros.

But earlier this month, Trump changed his tune. ‘I’ve been called by both sides, it’s the two sides, but I’ve decided I shouldn’t be involved,’ he told ‘NBC Nightly News’ anchor Tom Llamas.

Trump still hinted that one company looked problematic to him. ‘I mean, there’s a theory that one of the companies is too big and it shouldn’t be allowed to do it,’ he said.

‘They’re beating the hell out of each other and there’ll be a winner,’ Trump said.

Warner Bros. has an archive of storied movies, as well as a diverse portfolio of brands including CNN and HBO.

The bidding war for the media empire comes at a pivotal time for the entertainment industry, with traditional broadcasters and studios facing serious challenges from digital newcomers Netflix, Apple and Amazon.

Since Netflix announced its deal to buy parts of Warner Bros. Discovery, its shares have tumbled nearly 25%.

This post appeared first on NBC NEWS

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CFTC chief sides with prediction markets over state regulators in a high-stakes court case

The Commodity Futures Trading Commission (CFTC) is stepping in to stop what it calls an “onslaught” of state-level regulation of prediction markets.

CFTC Chairman Michael Selig said Tuesday in a video posted on X that the agency has filed a “friend of the court brief” in support of Crypto.com in its escalating legal battle with regulators in Nevada.

The move is significant because it marks the first time under Selig that the CFTC has taken sides in what is shaping up to be an epic fight between regulators and prediction markets, platforms that allow users to trade contracts tied to a wide range of events, from local elections to the Super Bowl.

By intervening, Selig’s CFTC is effectively arguing that prediction markets are federally regulated and not subject to state-level gambling laws.

“Over the past year, American prediction markets have been hit with an onslaught of state-led litigation,” Selig said in the video.

“The CFTC will no longer sit idly by while overzealous state governments undermine the agency’s exclusive jurisdiction over these markets by seeking to establish statewide prohibitions on these exciting products,’ said Selig.

The debate over how the platforms should be regulated comes as they explode in popularity. Kalshi said Super Bowl 60 generated more than $1 billion in total trading volume — a 2,700% increase from last year.

It’s a fight with broad implications and high stakes. Over the past year, several states including Massachusetts and Nevada have moved to restrict prediction markets, filing lawsuits, issuing cease-and-desist letters and arguing that the platforms amount to unlicensed gambling.

Utah’s Republican governor, Spencer Cox, said in a post on X Tuesday that he will use “every resource” within his disposal to “beat” Selig in court.

“These prediction markets you are breathlessly defending are gambling—pure and simple,” he said. “They are destroying the lives of families and countless Americans, especially young men. They have no place in Utah.”

Meanwhile, Cox’s fellow Republican, Sen. Bernie Moreno of Ohio, issued his support of Selig’s announcement on X. “Clear lines of delineation and clarity on regulations is essential for American led innovation,’ he said.

Selig’s move comes days after a group of Democratic senators led by Nevada’s Catherine Cortez Masto sent the chairman a letter urging the CFTC to ‘abstain from intervening in pending litigation involving contracts tied to sports, war, or other prohibited events.’

As states attempt to rein in these fast-growing platforms, the question is no longer simply whether these products amount to gambling. It’s who gets to decide that question.

Industry advocates argue that the platforms aren’t gaming, which is traditionally regulated by states. Instead, they claim the prediction markets are financial exchanges that fall under the CFTC’s purview, where users trade contracts with one another. and don’t bet against a “house.” The exchanges don’t set odds or take the opposite side of trades. Instead, they collect transaction fees, similar to a brokerage.

In the video, Selig said prediction markets allow Americans to “hedge commercial risks like increases in temperature and energy price spikes,” and they act as “an important check on our news media and our information screens.”

He ended the video with a warning directed at the state attorneys general who are on the front lines of the legal fights to regulate prediction markets: “To those who seek to challenge our authority in this space, let me be clear: We will see you in court.”

This post appeared first on NBC NEWS

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House GOP moves to cement Trump energy agenda by taking sledgehammer to Biden-era regulations

A newly proposed bill by House Republicans would cement President Donald Trump’s energy agenda by taking a sledgehammer to a vast array of his Democrat predecessor’s regulations.

Rep. Craig Goldman, R-Texas, is introducing legislation that would give all future energy-related regulations a five-year sunset window, while requiring many existing rules to be amended with a one-year expiry pending a review process.

It comes after Trump levied a similar executive order that would target energy red tape imposed by former President Joe Biden during his first year in office.

But if Goldman’s bill becomes law, it would significantly hamstring the ability of future Democratic administrations to impose new long-term energy policies like Biden’s, many of which Republicans have panned as burdensome and unnecessary.

He argued to Fox News Digital that those regulations were compounding the rising costs Americans have seen in their daily lives.

‘It is going through and looking at every single cost, basically from start to finish, of energy costs, and how it affects every single American taxpayer,’ Goldman said of his legislation.

‘All anyone has to do is look at where they were a year and a half ago with costs of certain things. It was all based on regulations passed by the Biden administration, and that’s exactly what we hope to cut and codify.’

The Texas Republican pointed out that increased energy costs, including prices at the gas pump, bled into other facts of Americans’ daily lives.

‘My dad and I owned a wine and food store and, yeah, when gas prices went up, the guy who drove the 18-wheeler full of cheese from Chicago, Illinois, charged us an extra $2,000 for that delivery because his gas prices were up tremendously. And so we couldn’t afford to eat that cost, so the cheese prices went up,’ he said as an example. 

‘Everything that every single American taxpayer touches — whether they know it or not, when energy prices are high, their cost of living is in turn going to be high.’

His legislation would primarily target regulations issued under major energy and land laws overseen by the Department of Energy and Department of the Interior.

The House has already voted to roll back a number of Biden-era regulatory policies so far this term and with bipartisan support.

Last month, 11 Democrats voted with Republicans to overturn Biden administration regulations on showerhead pressure.

Both the House and Senate passed resolutions early last year to overturn Biden-era regulations targeting water heaters, with six Democrats joining Republicans in the House on that measure.

Rising energy costs have been targeted by both parties as they make competing arguments ahead of the November 2026 midterms.

But Goldman is arguing that Democrats have less of a footing to talk about affordability with select goods like gas seeing a decrease in prices this year.

‘We pushed back, and we made people realize, ‘No, wait a minute. Let’s talk about affordability. Let’s talk about where the cost of things were just over a year and two months ago, before Donald Trump came into office and before Republicans could push through good legislation that President Trump signed,’ Goldman said. ‘I kind of find it quite interesting that all of a sudden the buzzword affordability isn’t much talked about anymore.’

Co-sponsors of Goldman’s bill include Republican Study Committee Chairman August Pfluger, R-Texas, and Reps. Beth Van Duyne, R-Texas, Randy Weber, R-Texas, Dan Crenshaw, R-Texas, Anna Paulina Luna, R-Fla., Pat Harrigan, R-N.C., and Barry Moore, R-Ala. 

A Senate counterpart was introduced by Sen. Jim Risch, R-Idaho.

This post appeared first on FOX NEWS

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Former Rep MTG asserts that Americans don’t want US war against Iran

As the possibility of U.S. military action against Iran looms, former Rep. Marjorie Taylor Greene asserted in a post on X that Americans do not want the U.S. to wage war against the Islamic Republic.

‘Americans do not want to go to war with Iran!!!’ Greene exclaimed in the post.

‘They want to be able to afford their lives and get ahead. They want to be happy and enjoy life. They want their government to put elite pedos in jail. And they voted for NO MORE FOREIGN WARS AND NO MORE REGIME CHANGE,’ she added.

Fox News Digital reached out to the White House for comment.

Greene, who had previously been a longtime, staunch supporter of President Donald Trump’s, had a major falling out with the president last year and left office early last month in the middle of her House term.

Trump has been pressuring Iran to make a deal to give up its nuclear weapons ambitions.

After meeting with Israeli Prime Minister Benjamin Netanyahu last week, Trump said in a Truth Social post that he ‘insisted that negotiations with Iran continue to see whether or not a Deal can be consummated.’

‘If it can, I let the Prime Minister know that will be a preference,’ he wrote.

‘If it cannot, we will just have to see what the outcome will be. Last time Iran decided that they were better off not making a Deal, and they were hit with Midnight Hammer — That did not work well for them. Hopefully this time they will be more reasonable and responsible,’ Trump declared in the post.

This post appeared first on FOX NEWS

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GOP warns Democrats using DHS shutdown to stall Senate voter ID push

Senate Republicans are hoping to move full steam ahead on Trump-backed voter ID legislation, but there’s one problem — the Department of Homeland Security (DHS) is still shut down.

Though negotiations between Senate Democrats and the White House are still ongoing, albeit at a molasses-like pace, there is no clear sign that a deal will be struck before lawmakers return to Washington, D.C., next week.

Reopening the agency will be front and center in the Senate, meaning other priorities, like the Safeguarding American Voter Eligibility (SAVE) America Act, will be sidelined.

Sen. Mike Lee, R-Utah, who has led the charge in the Senate to build support around the SAVE America Act, hoped the bill would be on the floor as soon as the day after President Donald Trump’s State of the Union address next week.

But he acknowledged that ending the partial shutdown would likely take precedence.

‘That’s the problem with taking a weeklong recess when they’ve shut down not just a department, but an entire department — and a particularly big department,’ Lee said.

‘That’s valuable time lost. As far as the objective of getting us to turn to this next week shortly after we get back, that seems less possible in light of the fact that that happened,’ he continued.

Senate Majority Leader John Thune, R-S.D., guaranteed that the voter ID legislation would get a vote. It’s just a matter of when, given the uncertainty surrounding DHS.

‘My job is to try and do the best to ensure that we’re making the most, doing, getting the most we can out of the opportunity we have here,’ Thune told Fox News Digital.

The SAVE America Act is riding high on a fresh wave of momentum in the Senate, with 50 Republicans, including Thune, backing it. That means it can move through at least one key procedural hurdle.

‘If we’re still in a shutdown, that obviously will have some bearing on what we decide, how we decide to schedule the floor,’ he continued.

The most valuable asset in the upper chamber is floor time, given the number of procedural hoops any legislation or nominee has to jump through to get passed or confirmed.

And one of the first actions lawmakers will take when they return — unless a deal is struck between now and Monday — is to again vote on a full-year DHS funding bill, according to the current floor schedule in the upper chamber.

Senate Minority Leader Chuck Schumer, D-N.Y., and nearly every Senate Democrat blocked that bill and a short-term funding extension before lawmakers left town last week.

Trump told reporters earlier this week that the current DHS closure was a ‘Democrat shutdown, Republicans have nothing to do with it.’

He also suggested that Democrats were in their shutdown posture because, among other issues, they rejected voter ID and proof of citizenship to vote. 

‘If you have voter ID, if you have proof of citizenship, they could never get elected, and they know that,’ Trump said. 

There are other issues in the Senate that need attention, too, Thune noted. Confirming more of Trump’s judicial nominees and putting a raft of bipartisan housing legislation that passed through the House on the floor are top of mind for the top Senate Republican.

Still, Lee was hopeful that once the DHS situation was resolved, the SAVE America Act would be next in line.

‘What I hope we’ll do is get back, turn — perhaps immediately — to DHS funding and make [Democrats] continue to vote, continue to object to unanimous consent requests to pass some kind of funding mechanism, and keep making them vote over and over again until we get something like that passed,’ Lee said. ‘And then as soon thereafter as possible, turn to SAVE America.’

This post appeared first on FOX NEWS

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Ex-Victoria’s Secret CEO tells House investigators he was ‘conned’ by Epstein in closed-door deposition

The House Oversight Committee is hearing from a billionaire on Wednesday who was named one of Jeffrey Epstein’s co-conspirators by a 2019 FBI document.

Les Wexner is the latest person to be deposed in the House’s investigation into the federal government’s handling of Epstein’s case. 

He told House investigators that he was ‘conned’ by the late pedophile and that he had no knowledge of or participation in his crimes, according to an opening statement obtained by Fox News Digital.

‘Let me state from the start: I was naïve, foolish, and gullible to put any trust in Jeffrey Epstein. He was a con man. And while I was conned, I have done nothing wrong and have nothing to hide. I completely and irrevocably cut ties with Epstein nearly twenty years ago when I learned that he was an abuser, a crook, and a liar,’ Wexner’s statement read.

‘I was never a participant nor coconspirator in any of Epstein’s illegal activities. To my enormous embarrassment and regret, I, like many others, was duped by a world-class con man. I cannot undo that part of my personal history even as I regret ever having met him.’

He also said his ‘heart goes out’ to the young women and girls who fell victim to Epstein over the years.

The billionaire fashion mogul painted himself as a husband, father, and grandfather who sought to live ‘in an ethical manner in line with my moral compass, devoting time and energy to my faith, my community, my business, my L Brands associates, and my family and friends.’

Unlike most previous depositions, committee staff and lawmakers traveled to Ohio on Wednesday morning to depose Wexner in his home state.

A spokesperson for Wexner declined to comment on whether he would invoke his Fifth Amendment right to avoid answering questions. But his insight is likely to be key to unlocking information on just how Epstein obtained his vast wealth before dying by suicide in a Manhattan jail in 2019.

The 88-year-old businessman is the founder of L Brands, formerly called The Limited, through which he acquired well-known companies Victoria’s Secret, Bath & Body Works, Express, and Abercrombie & Fitch, among others.

He was also one of Epstein’s first major clients as a financial advisor, with Epstein being granted power of attorney over Wexner’s vast wealth.

Wexner also sold his Manhattan townhouse to Epstein, which was later discovered to be one of the locations where federal authorities accused Epstein of abusing young women and girls under 18.

He told House investigators that he was introduced to Epstein in the 1980s by a fellow executive, and that two subsequent people at his former employer Bear Stearns ‘endorsed Epstein without hesitation’ as a financial advisor.

Wexner said Epstein was also ‘highly recommended’ by Elie de Rothschild for work Epstein did for his family.

‘At first, Epstein was unwilling to take me on as a client. In fact, for the first few years I was acquainted with him, Epstein offered me advice here and there while explaining that giving individual financial advice was not his focus and refusing to accept compensation. He said he was assisting me as a favor. Little did I realize that, from the very start, Epstein was conniving to gain my trust,’ Wexner said.

Wexner also claimed he began paying Epstein for his work as his wealth grew and signed over power of attorney to him while his own work was largely occupied by running his businesses. But he maintained he knew nothing of what he called Epstein’s ‘double life.’

‘He was clever, diabolical, and a master manipulator. He was meticulous in revealing to me only glimpses into the life in which he was a sophisticated financial guru who consulted with heads of state, high-ranking politicians, royalty, university presidents, professors, CEOs, musicians, and other luminaries,’ Wexner said.

‘While I did not socialize in Epstein’s social circle, he often told me about his famous acquaintances and important positions he held, and at times I experienced what seemed to be random chance encounters, probably orchestrated by Epstein, with prominent individuals who said they knew Epstein. Over the course of many years, he carefully used his acquaintance with important individuals to curate an aura of legitimacy that he then used to expand his network of acquaintances, and apparent credibility, even farther.’

Wexner said Epstein ‘fully hid’ his crimes and ‘knew that I never would have tolerated his horrible behavior,’ nor did he ever see Epstein in the company of a minor.

Wexner has never been criminally accused nor charged in relation to the late pedophile’s crimes.

A letter from Wexner to his Wexner Foundation charity dated Aug. 7, 2019, said he ended his relationship with Epstein sometime after the first federal investigation into his crimes emerged nearly 20 years ago.

Wexner also accused Epstein of misusing his vast wealth.

‘As the allegations against Mr. Epstein in Florida were emerging, he vehemently denied them. But by early fall 2007, it was agreed that he should step back from the management of our personal finances. In that process, we discovered that he had misappropriated vast sums of money from me and my family,’ read the letter, obtained by Fox News Digital on Tuesday.

‘This was, frankly, a tremendous shock, even though it clearly pales in comparison to the unthinkable allegations against him now. With his credibility and our trust in him destroyed, we immediately severed ties with him. We were able to recover some of the funds.’

Wexner is the fourth person appearing before the House Oversight Committee in its Epstein probe.

House Oversight Committee Chairman James Comer, R-Ky., previously oversaw the panel through the depositions of former Trump administration Attorney General Bill Barr, ex-Trump Labor Secretary Alex Acosta, who was the U.S. attorney in Florida who signed off on Epstein’s infamous 2008 non-prosecution agreement, and convicted Epstein accomplice Ghislaine Maxwell.

Maxwell’s deposition lasted less than an hour after she invoked the Fifth Amendment, refusing to answer questions unless she was granted clemency by President Donald Trump.

This post appeared first on FOX NEWS

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Ukraine makes fastest gains in years as Russia talks stall, exploiting cracks in Kremlin command

As U.S.-backed negotiations between Russia and Ukraine in Geneva ended without a breakthrough, Kyiv made gains on the battlefield, recapturing territory at its fastest pace in years through localized counterattacks along the southeastern front.

The advances come as analysts point to disruptions in Russian battlefield communications and shifting operational dynamics, developments that could strengthen Ukraine’s leverage even as talks remain stalled.

Ukrainian forces retook about 78 square miles over five days, according to a report by Agence France-Presse based on an analysis of the Institute for the Study of War battlefield mapping. The gains represent Kyiv’s most rapid territorial advances since its 2023 counteroffensive in the Donetsk and Zaporizhzhia regions.

Retired Air Force Lt. Gen. Richard Newton said Ukraine’s battlefield performance should not be underestimated. ‘As this war grinds on, the world too often forgets that Ukraine’s determination, innovation and moral clarity are force multipliers. Its ability to defend against a larger, better-resourced enemy should never be counted out,’ Newton told Fox News Digital. ‘There are growing signs that Russia’s supposed invincibility is no longer a safe assumption, particularly as pressure increases on the Kremlin and its partners.’

The fighting has centered east of Zaporizhzhia, where Russian forces have steadily advanced since mid-2025. Open-source battlefield monitoring and mapping indicate Ukrainian troops pushed forward around Huliaipole and nearby settlements, though analysts caution the front remains fluid, and some areas are not fully secured, The Telegraph reported.

The Institute for the Study of War assessed in mid-February that the counterattacks appear to be exploiting disruptions in Russian command-and-control. ISW said Ukrainian forces are likely leveraging limits affecting Russian battlefield communications, including reported restrictions tied to the use of Starlink satellite terminals and messaging platforms cited in open-source reporting.

Analysts say reduced connectivity can create short windows for Ukrainian units to move through contested zones that are typically dominated by drone surveillance and electronic warfare. ISW and other observers emphasize that such opportunities are temporary and do not signal a broader collapse in Russian defenses.

The evolving fight is also shaped by the growing role of drones. In a Feb. 10 special report, ISW said Russia’s expanding use of first-person-view drones reflects a campaign to ‘weaponize and institutionalize intentional civilian harm as a purposeful tool of war,’ warning the tactic is becoming embedded in operational doctrine and could influence future conflicts.

Despite the recent gains, analysts caution against viewing the developments as a decisive shift in the war. Newton argued that sustained Western military support remains essential. ‘Putin responds to force,’ he said. ‘The United States and Europe should continue providing Ukraine with both defensive and offensive capabilities, including long-range systems capable of striking deep inside Russia.’

Retired Vice Adm. Robert S. Harward said battlefield gains are increasingly tied to diplomacy. ‘Both sides are trying to use battlefield advances to strengthen their position at the negotiating table,’ Harward said. ‘It’s a sign neither side is ready to strike a deal yet.’

Harward pointed to Ukrainian President Volodymyr Zelenskyy’s stated willingness to hold elections following a ceasefire as evidence Kyiv is signaling flexibility, while Moscow continues to press its demands. ‘If a lasting and fair diplomatic agreement is achievable, the current U.S. team is well-positioned to help deliver it,’ he said. ‘But negotiations must be paired with sustained pressure on Russia and its partners.’

Nearly two years after Ukraine’s last major offensive stalled, the war remains defined by incremental territorial changes rather than sweeping breakthroughs. Both sides continue to rely heavily on drones, artillery and electronic warfare, with front lines shifting village by village.

‘As U.S.-led talks continue, it is critical to increase pressure on Putin to end the war on terms that restore deterrence and prevent further aggression,’ Newton said.

This post appeared first on FOX NEWS

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Crypto Market Update: Peter Thiel Fully Exits ETHZilla, Reversing Prior Ethereum Bet

Here’s a quick recap of the crypto landscape for Wednesday (February 18) 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$68,092.31, down 0.3 percent over the last 24 hours.

Bitcoin price performance, February 18, 2026.

Chart via TradingView

Ether (ETH) was priced at US$2,019.43, up by 0.3 percent over the last 24 hours.

Altcoin price update

  • XRP (XRP) was priced at US$1.49, up by 0.6 percent over 24 hours.
  • Solana (SOL) was trading at US$85.41, down by 1.9 percent over 24 hours.

Today’s crypto news to know

CLARITY Act advances as regulators close ranks

Momentum is building behind the Digital Asset Market Clarity Act of 2025 as lawmakers and regulators signal rare alignment on crypto market structure.

The House has already passed the bill, leaving the Senate as the next hurdle, where committee markups and cross-panel negotiations will determine whether it reaches the floor. Treasury Secretary Scott Bessent said Congress should pass CLARITY “this spring.”

At a recent House hearing, SEC Chair Paul S. Atkins backed the effort and outlined a joint SEC–CFTC initiative dubbed “Project Crypto” aimed at clarifying token classifications while legislation moves forward.

The Securities and Exchange Commission and Commodity Futures Trading Commission have long sparred over jurisdiction, so public coordination signals expectations that durable reform may be imminent. Meanwhile, the Senate Agriculture Committee has advanced the Digital Commodity Intermediaries Act, which lawmakers say builds on the House framework and incorporates bipartisan input.

If enacted, the bill would shift oversight from enforcement-by-interpretation to clearer statutory categories for exchanges, brokers, issuers and market makers.

California sets crypto licensing deadline under DFAL

California is moving ahead with state-level crypto oversight, confirming that firms serving residents must secure a Digital Financial Assets Law license, or apply for one, by July 1, 2026.

Applications open March 9 through the Nationwide Multistate Licensing System, according to the California Department of Financial Protection and Innovation. Signed by Governor Gavin Newsom in 2023, DFAL creates a comprehensive licensing regime covering exchanges, custodians and crypto kiosks.

The law has drawn comparisons to New York’s BitLicense, which once prompted several firms to exit that state.

“California is the fourth-largest economy in the world, so its regulatory choices inevitably carry weight,” said Joe Ciccolo of the California Blockchain Advocacy Coalition. He added that clearer rules could attract institutional capital but warned that smaller operators may opt to leave rather than meet stricter standards. With roughly a quarter of U.S. blockchain firms based in the state, the rollout could shape national compliance strategies.

Peter Thiel exits Ethereum treasury bet

Billionaire investor Peter Thiel has fully divested his stake in ETHZilla, according to a recent SEC filing showing zero beneficial ownership as of year-end 2025.

The exit marks a sharp reversal from August, when Thiel disclosed a 7.5 percent position that was widely viewed as a vote of confidence in corporate Ethereum treasury models. The filing indicates no remaining voting or dispositive power tied to Thiel or affiliated Founders Fund entities.

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

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

This post appeared first on investingnews.com

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NevGold Drills 8.51 g/t Oxide AuEq Over 10.6 MetersWithin 2.32 g/t Oxide AuEq Over 86.8 Meters ; Discovers High-Grade Oxide Gold-Antimony “Armory Fault” Structure At Bullet Zone

Nevgold Corp. (‘NevGold’ or the ‘Company’) (TSXV:NAU,OTC:NAUFF) (OTCQX:NAUFF) (Frankfurt:5E50) is pleased to announce the high-grade oxide gold-antimony discovery of the ‘Armory Fault’ at the Bullet Zone at its Limousine Butte Project (the ‘Project’, ‘Limo Butte’) in Nevada. The discovery of the ‘Armory Fault’ is a key, transformational development in defining the high-grade structural controls of mineralization at the evolving Bullet Zone. All drillholes at the Bullet Zone from the 2H-2025 drill program intercepted substantial oxide gold-antimony mineralization, significantly expanding the mineralization footprint at the Project. The Company continues to focus on dual track project development by advancing the near-term antimony production scenario from the historical gold leach pads at surface, while it drills the Project to define an initial gold-antimony Mineral Resource Estimate (‘MRE’).

Key Highlights

  • ‘Armory Fault’ discovery identifies key structural control of high-grade mineralization at the Bullet Zone with oxide gold-antimony of 8.51 g/t AuEq* over 10.6 meters (8.11 g/t Au and 0.10% Sb), within 2.32 g/t AuEq* over 86.8 meters (1.94 g/t Au and 0.10% Sb):
    • LB25-017 Lower Zone (step-out, new ‘Armory Fault’ discovery): 12.34 g/t AuEq* over 3.0 meters (11.95 g/t Au and 0.10% Sb) within 8.51 g/t AuEq* over 10.6 meters (8.11 g/t Au and 0.10% Sb), within 2.32 g/t AuEq* over 86.8 meters (1.94 g/t Au and 0.10% Sb); due to drilling conditions, the hole terminated in 8.25 g/t oxide Au, with the highest interval up to 12.80 g/t oxide Au
    • LB25-017 Upper Zone (step-out, expansion of near-surface high-grade oxide antimony-gold): 5.46 g/t AuEq* over 3.1 meters (0.82% Sb and 2.27 g/t Au) within 3.14 g/t AuEq* over 9.2 meters (0.48% Sb and 1.27 g/t Au) within 1.59 g/t AuEq* over 21.3 meters (0.25% Sb and 0.61 g/t Au) starting at 4.6 meters; high-grade antimony is concentrated along the low-angle thrust fault under the ‘upper plate dolomite’ (Figure 2)
    • LB25-016 (step-out, adds over 50 meters north of mineralization footprint): 1.25 g/t AuEq* over 10.7 meters (0.63 g/t Au and 0.16% Sb), within 0.66 g/t AuEq* over 30.5 meters (0.31 g/t Au and 0.09% Sb)
    • *Gold equivalents (‘AuEq’) are based on assumed metals prices of US$3,000/oz of gold and US$40,000 per tonne of antimony, and assumed metals recoveries of 80% for gold and 75% for antimony.
  • ‘Armory Fault’ is transformational to the Project as it identifies important structural controls of high-grade oxide gold-antimony mineralization (Figure 1): 
    • 30 holes completed in the current 2025-2026 drill program with 12 holes pending release 
    • Antimony is one of the highest priority Critical Minerals due to its strategic importance and military applications; Limo Butte is a brownfield mine site located in the State of Nevada with near-surface, high-grade antimony mineralization   

    Limo Butte Planned 2025-2026 Activities / Status Update
    NevGold will continue its active exploration program at Limo Butte including:

    • Evaluating the historical geological database with focus on gold and antimony (completed);
    • Advancing metallurgical testwork (continuous activity);
    • Continuing to drill test gold-antimony targets (30 drillholes completed, 2026 drill program will continue to test new high-grade Bullet Zone and Armory Fault discoveries, and identified project-wide targets);
    • Advancing the Crushed and Run of Mine (‘ROM’) leach pads toward near-term antimony production (Phase I sampling completed, Company has engaged sonic drill contractor to drill leach pads, metallurgical testwork is continuing);
    • Completing initial gold-antimony Mineral Resource Estimate (MRE) (in progress).

    NevGold CEO, Brandon Bonifacio, comments: ‘The discovery of the Armory Fault at the Bullet Zone is transformational from an exploration standpoint, as it identifies what is thought to be a key structural control of high-grade oxide gold-antimony mineralization. This fault was never modelled previously, and our technical team has done a tremendous job developing this target. Our geological model testing the ‘under the upper dolomite’ target concept has been validated as we have intercepted significant gold-antimony mineralization in every single drillhole at the Bullet Zone. The mineralization footprint and upside that we have added to the future potential gold-antimony Mineral Resource Estimate (MRE) is significant, and we will start our 2026 drill program as rapidly as possible to further test this evolving, high-grade target area. We also strongly believe that this target model can be replicated project-wide, and we have many high-priority targets that are now emerging with this key transformational step-change in the project geological model. We continue to execute on all of our various work programs at Limo Butte, and the Project is one of the highest grade gold-antimony projects in the United States.‘ 

    Figure 1 – Resurrection Ridge target area with the Bullet Zone discovery and newly defined high-grade Armory Fault. Figure also includes completed NevGold 2025 drilling and identified expansion areas with the thrust faulted Upper Plate Dolomite. Red outline is the previous mineralization footprint at Resurrection Ridge, and the green outline is the key expansion area for 2026 drilling. To view image please click here

    Figure 2 – Long section with results from 2025 drilling and the Bullet Zone and Armory Fault discoveries. Light blue bar graphs (left) show Antimony (Sb ppm) in drilling, and yellow to red discs (right) show Gold (Au ppm) in drilling. Transparent drillholes are from prior to 2025, with many holes not analyzed for antimony. Mineralization remains open in all directions at the Bullet Zone discovery. To view image please click here

    Figure 3 – Long section with results from 2025 drilling and new high-grade Armory Fault discovery. Light blue bar graphs (left) show Antimony (Sb ppm) in drilling, and yellow to red discs (right) show Gold (Au ppm) in drilling. Updated geologic model shows faults with high magnitude of offset between vertical holes, which are high priority targets for 2026 drilling. All holes drilled into this area intercepted significant oxide gold-antimony mineralization adding significant growth to the mineralized footprint at the Project. Mineralization trends to surface.
    To view image please click here

    2025-2026 Drill Results

    Hole ID Length, m* g/t Au % Sb g/t AuEq** From, m To, m
    Resurrection Ridge & ‘Bullet Zone’ Discovery
    LB25-017 Upper 21.3 0.61 0.25% 1.59 4.6 25.9
       including 9.2 1.27 0.48% 3.14 13.7 22.9
       also including 3.1 2.27 0.82% 5.46 15.2 18.3
    LB25-017 Lower*** 86.8 1.94 0.10% 2.32 187.5 274.3
       including 10.6 8.11 0.10% 8.51 263.7 274.3
       also including 3.0 11.95 0.10% 12.34 263.7 266.7
    LB25-016 141.7 0.11 0.03% 0.23 0.0 141.7
       including 30.5 0.31 0.09% 0.66 0.0 30.5
       including 10.7 0.63 0.16% 1.25 0.0 10.7

    *Downhole thickness reported; true width varies depending on drill hole dip and is approximately 70% to 90% of downhole thickness.
    **The gold equivalents (‘AuEq’) are based on assumed metals prices of US$3,000/oz of gold and US$40,000 per tonne of antimony, and assumed metals recoveries of 80% for gold and 75% for antimony.
    ***Several intervals had low recovery due to drilling conditions.

    Drillhole Orientation Details

    Hole ID Target Zone Easting Northing Elevation (m) Length (m) Azimuth Dip
    LB25-016 Bullet Zone (RR) 667291 4417567 2174 174 90 -75
    LB25-017 Bullet Zone (RR) 667121 4417247 2177 275 130 -60

    Limo Butte – Updated Geological Model Summary and Discovery of Bullet Zone
    The Devonian Pilot Shale (‘Pilot Shale’, ‘Pilot’) is the principal local host to Carlin-type mineralization at Limousine Butte. At Limousine Butte, positive gold grades commonly coincide with silicification and jasperoid breccias within the Pilot Shale, and this alteration style is also host to elevated antimony.

    NevGold’s 2021–2025 work included integrating historical drilling, new mapping, and surface sampling which produced an updated district model and refined property-wide controls on mineralization. At Resurrection Ridge, Devonian–Silurian dolomite is exposed immediately east of known gold-antimony mineralization. Earlier explorers inferred that the overlying Pilot Shale had been eroded in this area, and they did not test eastward, despite shallow high-grade intercepts in the easternmost holes drilled at Resurrection Ridge. The new model indicates the older dolomite was thrust over the prospective Pilot Shale unit (see Figure 4), creating structural preparation and a fluid trap that preserves the favorable host at depth, the classic architecture for a Carlin-type system.

    The holes drilled by the Company in 2025 with assays received have continued to validate the new NevGold geological model. Holes collared in dolomite, passed through the upper thrust plate, and intersected gold and antimony at multiple horizons within the underlying Pilot Shale validating the new geological model and materially expanding the potential mineralization footprint at the Project.

    The preserved Pilot Shale extends more than one kilometer east of prior drilling at Resurrection Ridge (see Figure 5).

    Figure 4 – Comparison of historical geological model (left) and new NevGold geological model (right) outlining the thesis that the older dolomite unit was thrust over the prospective Pilot Shale unit. The preserved Pilot Shale unit extends more than 1 kilometer east of prior drilling at Resurrection Ridge. To view image please click here

    Property-wide, the updated model outlines multiple Au–Sb target corridors that track outcrops and projected subsurface positions of the Pilot Shale, where repeated faulting and thrusting provided fluid pathways and focused mineralization. NevGold’s 2025-2026 drill program continues to test these high-priority targets.

    Figure 5 – Large cross section at the Project outlining the strong expansion potential between Resurrection Ridge and Crashed Airplane Valley, which spans +2.5 kilometers. To view image please click here

    Historical records within the project boundary document two small-scale antimony prospects—the Nevada Antimony Mine and the Lage Antimony Prospect (Figure 1). The Nevada Antimony Mine extracted stibnite (Sb₂S₃) from a hydrothermal breccia via shallow pits; the Lage prospect similarly reports limited antimony production. Complementing these records, rock-chip sampling from the Golden Butte pit (Brigham Young University thesis) returned numerous assays exceeding 1% Sb in jasperoid breccias, with several over 5% Sb, including a sample grading 9.6% Sb with visible stibnite and stibiconite (BYU Thesis Report ).

    Together, these datasets support a district-scale interpretation in which thrust repetition preserves the Pilot Shale at depth east of Resurrection Ridge and focuses Au–Sb mineralization along structurally prepared horizons, establishing multiple high-priority targets for step-out drilling and follow-up work.

    Importance of Antimony
    Antimony is considered a ‘Critical Mineral’ by the United States based on the U.S. Geological Survey’s 2022 list (U.S.G.S. (2022)). ‘Critical Minerals’ are metals and non-metals essential to the economy and national security. Antimony is utilized in all manners of military applications, including the manufacturing of armor piercing bullets, night vision goggles, infrared sensors, precision optics, laser sighting, explosive formulations, hardened lead for bullets and shrapnel, ammunition primers, tracer ammunition, nuclear weapons and production, tritium production, flares, military clothing, and communication equipment. Other uses include technology (semi-conductors, circuit boards, electric switches, fluorescent lighting, high quality clear glass and lithium-ion batteries) and clean-energy storage.

    Globally, approximately 90% of the world’s current antimony supply is produced by China, Russia, and Tajikistan. Beginning on September 15, 2024, China, which is responsible for nearly half of all global mined antimony output and dominates global refinement and processing, announced that it will restrict antimony exports. In December-2024, China explicitly restricted antimony exports to the United States citing its dual military and civilian uses, which further exacerbated global supply chain concerns. (Lv, A. and Munroe, T. (2024)) The U.S. Department of Defense (‘DOD’) has designated antimony as a ‘Critical Mineral’ due to its importance in national security, and governments are now prioritizing domestic production to mitigate supply chain disruptions. Projects exploring antimony sources in North America play a key role in addressing these challenges.

    Perpetua Resources Corp. (‘Perpetua’, NASDAQ:PPTA, TSX:PPTA) has the most advanced domestic gold-antimony project in the United States. Perpetua’s project, known as Stibnite, is located in Idaho approximately 130 km northeast of NevGold’s Nutmeg Mountain and Zeus projects. Positive advancements at Stibnite including technical development and permitting has led to US$75 million in Department of Defense (‘DOD’) awards, over $1.8 billion in indicative financing from the Export Import Bank of the United States (‘US EXIM’) (see Perpetua Resources News Release from April 8, 2024) (Perpetua Resources. (2025)), and recent strategic investments of US$180 million from Agnico-Eagle Mines Limited (‘Agnico’) and US$75 million from JPMorganChase’s $1.5 trillion Security and Resiliency Initiative. (see Perpetua Resources News Release from October 27, 2025)

    Figure 6 – Limousine Butte Land Holdings and District Exploration Activity To view image please click here

    ON BEHALF OF THE BOARD

    ‘Signed’

    Brandon Bonifacio, President & CEO

    For further information, please contact Brandon Bonifacio at bbonifacio@nev-gold.com, call 604-337-4997, or visit our website at www.nev-gold.com.

    Sampling Methodology, Quality Control and Quality Assurance
    NevGold QA/QC protocols are followed on the Project and include insertion of duplicate, blank and standard samples in all drill holes. A 30g gold fire assay and multi-elemental analysis ICP-OES method was completed by ISO 17025 certified American Assay Labs, Reno.

    The historic data collection chain of custody procedures and analytical results by previous operators appear adequate and were completed to industry standard practices. For the Newmont and US Gold data a 30g gold fire assay and multi-elemental analysis ICP-OES method MS-41 was completed by ISO 17025 certified ALS Chemex, Reno or Elko Nevada.

    Geochemical ICP (5g) analysis for the Wilson, Christianson and Tingey report was completed by Geochemical Services Inc. and the XRF analyses (glass disk or pellets) by Brigham Young University.

    Technical information contained in this news release has been reviewed and approved by Greg French, CPG, the Company’s Vice President, Exploration, who is NevGold’s Qualified Person (‘QP’) under National Instrument 43-101 and responsible for technical matters of this release.

    About the Company
    NevGold is an exploration and development company targeting large-scale mineral systems in the proven districts of Nevada and Idaho. NevGold owns a 100% interest in the Limousine Butte and Cedar Wash gold projects in Nevada, and the Nutmeg Mountain gold project and Zeus copper project in Idaho.

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

    Cautionary Note Regarding Forward Looking Statements

    This news release contains forward-looking statements that are based on the Company’s current expectations and estimates. Forward-looking statements are frequently characterized by words such as ‘plan’, ‘expect’, ‘project’, ‘intend’, ‘believe’, ‘anticipate’, ‘estimate’, ‘suggest’, ‘indicate’ and other similar words or statements that certain events or conditions ‘may’ or ‘will’ occur. Forward-looking statements include, but are not limited to, the proposed work programs at Limousine Butte, the exploration potential at Limousine Butte, and future potential project milestones such as the potential Mineral Resource Estimate (‘MRE’). Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements. Such risks include, but are not limited to, general economic, market and business conditions, and the ability to obtain all necessary regulatory approvals. There is some risk that the forward-looking statements will not prove to be accurate, that the management’s assumptions may not be correct or that actual results may differ materially from such forward-looking statements. Accordingly, readers should not place undue reliance on the forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.

    References

    Blackmon, D. (2021) Antimony: The Most Important Mineral You Never Heard Of. Article Prepared by Forbes.

    Kurtenbach, E. (2024) China Bans Exports to US of Gallium, Germanium, Antimony in response to Chip Sanctions. Article Prepared by AP News.

    Lv, A. and Munroe, T. (2024) China Bans Export of Critical Minerals to US as Trade Tensions Escalate.  Article Prepared by Reuters.

    Lv, A. and Jackson, L. (2025) China’s Curbs on Exports of Strategic Minerals. Article Prepared by Reuters.

    Perpetua Resources. (2025) Antimony Summary.  Articles and Videos Prepared by Perpetua Resources.

    Sangine, E. (2022) U.S. Geological Survey, Mineral Commodity Summaries, January 2023. Antimony Summary Report prepared by U.S.G.S

    U.S.G.S. (2022) U.S. Geological Survey Releases 2022 List of Critical Minerals. Reported Prepared by U.S.G.S

    Wilson, D.,J., Christiansen, E., H., and Tingey, D., G., 1994, Geology and Geochemistry of the Golden Butte Mine- A Small Carlin- Type Gold Deposit in Eastern Nevada: Brigham Young University Geology Studies, v.40, P.185-211. BYU V.40 P.185-211.  

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    Investing

    Cartier Extends Mineralized System 4 km East of Main; Cuts 23.2 g/t Au over 1.0 m at Nordeau ; Expands High-Grade Gold Near Surface at East Nordeau Zone

    Cartier Resources Inc. (″ Cartier ″ or the ″ Company ″) (TSXV: ECR,OTC:ECRFF; FSE: 6CA) is pleased to announce the eighth batch of results from the 100,000-m drilling program (2 drill rigs), for the Nordeau Sector and more precisely, the East Nordeau Zone (″ ENZ ″), on the 100%-owned Cadillac Project, located in Val-d’Or (Abitibi, Quebec). The ENZ consists of two parallel high-grade gold zones: EN1 and EN2, spaced approximately 25 m apart.

    Strategic Highlights from Nordeau Sector

    Drill Hole Results (Figures 1 to 4)

    • CA25-565 intersected 23.2 g/t Au over 1.0 m (EN1 Zone).
    • CA26-570 graded 11.9 g/t Au over 1.0 m (EN1 Zone) and 14.1 g/t Au over 1.0 m (EN2 Zone).
    • CA26-572 reported 7.3 g/t Au over 1.0 m (EN1 Zone).

    Significance for Investors

    • Holes CA25-565, CA26-570 and 572 confirm the newly recognized ENZ high-grade gold zone near surface. The mineralization extends over a minimum of 400 m in strike length and remains open at depth.
    • New mineralization environment with iron formations indicates a strong opportunity for making gold discoveries, increasing the scale of target area in the Nordeau Sector.
    • Most importantly, ENZ is strategically located just 800 metres south of Contact Sector and the new emergent high-grade gold North Contact Zone, signaling significant upside exploration potential.

    Next Steps

    • Further expansion drilling is planned to significantly refine the geological model, verify the mineralization continuity and determine the gold enrichment.
    • Additional exploration drilling is required to test several new high-priority regional targets along strike of the Nordeau Sector and the Cadillac Fault Zone, backed by detailed structural and geological modelling and VRIFY’s artificial intelligence (AI) driven targeting.

    ‘ The Nordeau Sector now becomes the third sector to return significant gold results from our 100,000-meter drill campaign, underscoring the growing scale and strength of the mineralized system. With no fewer than 11 sectors to be drilled, this aggressive program is designed to unlock multiple new gold discoveries and firmly establish the Cadillac Project as a camp-scale gold opportunity with upside exploration potential.‘ – Philippe Cloutier, President and CEO of Cartier.

    ‘ The initial results from the Nordeau Sector indicate a gold enrichment trend comparable to that observed in the North Contact Zone of the Contact Sector. These findings also suggest that the sector may exhibit a slightly different structural geometry than that identified in the Main Sector and at the past-producing Chimo mine. This drilling program is designed to confirm this interpretation and further define the sector’s potential, with the objective of unlocking additional value for shareholders. ‘ – Ronan Deroff, Vice President Exploration of Cartier.

    Table 1: Drill hole best assay results from Nordeau Sector

    Hole Number From (m) To (m) Core Length** (m) Au (g/t) Uncut Vertical Depth (m) Zone
    CA25-561 249.9 250.9 1.0 4.9 ≈160 –
    CA25-565 68.0 69.0 1.0 23.2 ≈70 EN1
    CA26-570 33.0 34.0 1.0 11.9 ≈25 EN1
    And  78.0 79.0 1.0 14.1 ≈60 EN2
    CA26-572 117.0 118.0 1.0 7.3 ≈90 EN1

    * Occurrences of visible gold (VG) have been noted in the drill core at various intervals. ** Based on the observed intercept angles within the drill core, true thicknesses are estimated to represent approximately 70-95% of the reported core length intervals.

    Figure 1: Location of the new drill results (regional plan view)

    Figure 2: Location of the new drill results (regional longitudinal section)

    Figure 3: Plan view, cross and long sections of the Nordeau Sector

    Figure 4: Photos of the drill core from holes CA25-565 and CA26-570

    Nordeau Sector

    The Nordeau Sector is a highly prospective area featuring the East Nordeau Zone with indicated resources of 17,500 ounces (0.3 million tonnes at 1.7 g/t Au) and inferred resources of 101,200 ounces (1.7 million tonnes at 1.9 g/t Au). The latter is the first ever resource estimate in this sector for which there has been only limited and relatively shallow testing. This sector hosts several newly defined high-priority drill targets.

    The ENZ lies along an east-west trending, strongly sheared corridor (Cadillac Fault Zone) and occurs in an iron formation (Cadillac Group) within the turbiditic sedimentary rocks (wacke-mudrock) of Cadillac Group. This lithological unit is a favorable horizon for hydrothermal fluid flow, likely related to synvolcanic gold deposition.

    The ENZ, defined by at least two parallel gold-rich zones, are typically and primarily associated with a medium to coarse-grained and disseminated pyrrhotite-pyrite-arsenopyrite mineralization, with a pervasive carbonate-garnet alteration, all crosscut by late-stage smoky quartz vein and veinlet stockworks.

    Milestones of 2025-2027 Exploration Program

    100,000 m Drilling Program (Q3 2025 to Q2 2027)

    The ambitious 600-hole drilling program will both expand known gold zones and test new shallow surface high-potential targets. The objective is to unlock the camp-scale, high-grade gold potential along the 15 km Cadillac Fault Zone. It is important to note that Cartier’s recent consolidation of this large land holding offers the unique opportunity in over 90 years for unrestricted exploration.

    Environmental Baseline Studies & Economic Evaluation of Chimo mine tailings (Q3 2025 to Q3 2026)

    The baseline studies will be divided into two distinct parts which include 1) environmental baseline desktop study and 2) preliminary environmental geochemical characterization. The initial baseline studies will provide a comprehensive understanding of the current environmental conditions and implement operations that minimize environmental impact while optimizing the economic potential of the project. These studies will be supplemented by an initial assessment of the economic potential of the past-producing Chimo mine tailings to determine whether a quantity of gold can be extracted economically.

    Metallurgical Sampling and Testwork Program (Q4 2025 to Q1 2026)

    The metallurgical testwork program includes defining of expected gold recovery rates and improving historical results from the Chimo deposit, as well as establishing metallurgical recovery data for the first-time for the East Chimo and West Nordeau satellite deposits, where no previous data exists. This comprehensive program will characterize the mineralized material, gold recovery potential and validate optimal grind size defining the most efficient and cost-effective flowsheet. The data generated will directly support optimized project development and have the potential to significantly reduce both capital and operating costs, while also improving the environmental footprint.

    Preliminary Economic Assessment (2026)

    Internal engineering studies have been initiated to validate a multitude of development scenarios that consider the updated MRE and current market environment. Following the selection of the most optimal scenario, a PEA will be completed which will also build upon the results of the metallurgical testwork program and the environmental baseline studies to unveil the updated development strategy and vision of the project.

    Table 2: Drill hole collar coordinates from Nordeau Sector

    Hole Number UTM Easting (m) UTM Northing (m) Elevation (m) Azimuth (°) Dip (°) Hole Length (m)
    CA25-561 336378 5319582 351 177 -44 261
    CA25-565 336230 5319051 351 221 -73 141
    CA25-566 336230 5319051 351 145 -64 151
    CA26-570 335844 5319145 355 147 -56 81
    CA26-571 335908 5319237 355 221 -51 174
    CA26-572 335908 5319237 355 183 -52 186


    Table 3    : Drill hole detailed assay results from Nordeau Sector

    Hole Number From (m) To (m) Core Length* (m) Au (g/t) Uncut Vertical Depth (m) Zone
    CA25-561 249.9 250.9 1.0 4.9 ≈160 –
    CA25-565 68.0 69.0 1.0 23.2 ≈70 EN1
    CA25-566 138.0 141.1 3.1 1.1 ≈120 –
    Including  138.0 139.0 1.0 1.5
    Including  140.0 141.1 1.1 1.1
    CA26-570 26.0 27.0 1.0 2.1 ≈25 EN1
    And  33.4 34.0 1.0 11.9
    And  78.0 79.0 1.0 14.1 ≈60 EN2
    CA26-571 145.0 146.0 1.0 2.4 ≈110 EN2
    CA26-572 108.0 109.0 1.0 1.0 ≈90 EN1
    Including  117.0 118.0 1.0 7.3
    And  137.0 137.5 0.5 1.0 ≈105 EN2
    And  139.5 140.5 1.0 3.0

    * Occurrences of visible gold (VG) have been noted in the drill core at various intervals. ** Based on the observed intercept angles within the drill core, true thicknesses are estimated to represent approximately 70-95% of the reported core length intervals.

    Quality Assurance and Quality Control (QA/QC) Program

    The drill core from the Cadillac Project is NQ-size and, upon receipt from the drill rig, is described and sampled by Cartier geologists. Core is sawn in half, with one half labelled, bagged and submitted for analysis and the other half retained and stored at Cartier’s coreshack facilities located in Val-d’Or, Quebec, for future reference and verification. As part of Quality Assurance and Quality Control (QA/QC) program, Cartier inserts blank samples and certified reference materials (standards) at regular intervals into the sample stream prior to shipment to monitor laboratory performance and analytical accuracy.

    Drill core samples are sent to MSALABS’s analytical laboratory located in Val-d’Or, Quebec, for preparation and gold analysis. The entire sample is dried and crushed (70% passing a 2-millimeter sieve). The analysis for gold is performed on an approximately 500 g aliquot using Chrysos Photon Assay technology, which uses high-energy X-ray excitation with gamma detection to quickly and non-destructively measure gold content.

    Alternatively, samples are submitted to Activation Laboratories Ltd. (‘Actlabs’), located in either Val-d’Or or Ste-Germaine-Boulé, both in Quebec, for preparation and gold analysis. The entire sample is dried, crushed (90% passing a 2-millimetre sieve) and 250 g is pulverized (90% passing a 0.07-millimetre sieve). The analysis for gold is conducted using a 50 g fire assay fusion with atomic absorption spectroscopy (AAS) finish, with a detection limit up to 10,000 ppb. Samples exceeding this threshold are reanalyzed by fire assay with a gravimetric finish to determine high-grade values accurately.

    Both MSALABS and Actlabs are ISO/IEC 17025 accredited for gold assays and implement industry-standard QA/QC protocols. Their internal quality control programs include the use of blanks, duplicates, and certified reference materials at set intervals, with established acceptance criteria to ensure data integrity and analytical precision.

    Qualified Person

    The scientific and technical content of this press release has been prepared, reviewed and approved by Mr. Ronan Déroff, P.Geo., M.Sc., Vice President Exploration, who is a ″ Qualified Person ″ as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (″ NI 43-101 ″).

    About Cadillac Project

    The Cadillac Project, covering 14,000 hectares along a 15-kilometre stretch of the Cadillac Fault, is one of the largest consolidated land packages in the Val-d’Or mining camp. Cartier’s flagship asset integrates the historic Chimo Mine and East Cadillac projects, creating a dominant position in a world class gold mining district. With excellent road access, year-round infrastructure and nearby milling capacity, the project is ideally positioned for rapid advancement and value creation.

    The Cadillac property contains total gold resource of 767,800 ounces in the measured and indicated category (10.0 Mt at 2.4 g/t Au) and 2,416,900 ounces in the inferred category (35.2 Mt at 2.1 g/t Au) across all the sectors. Please see the ″ NI 43-101 Technical Report and Mineral Resource Estimate on the Cadillac Project, Val-d’Or, Abitibi, Quebec, Canada. Pierre-Luc Richard, P.Geo. of PLR Resources Inc., Stephen Coates, P.Eng. of Evomine Consulting Inc. and Florent Baril, P.Eng. of Bumigeme Inc. ″, effective January 27, 2026.

    About Cartier Resources Inc.

    Cartier Resources Inc., founded in 2006 and headquartered in Val-d’Or (Quebec) is a gold exploration company focused on building shareholder value through discovery and development in one of Canada’s most prolific mining camps. The Company combines strong technical expertise and a track record of successful exploration to advance its flagship Cadillac Project. Cartier’s strategy is clear: unlock the full potential of one of the largest undeveloped gold landholdings in Quebec.

    For further information, contact:

    Philippe Cloutier, P. Geo.
    President and CEO
    Telephone: 819-856-0512
    philippe.cloutier@ressourcescartier.com
    www.ressourcescartier.com

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

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/9c3a9f1d-5679-4c82-9013-3bb700669d70

    https://www.globenewswire.com/NewsRoom/AttachmentNg/7d621357-ee0b-4542-88dd-54d2baa3cb6f

    https://www.globenewswire.com/NewsRoom/AttachmentNg/6bd11899-e451-4629-a984-32cbe71f92ad

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