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‘The LiDAR survey was highly successful in confirming the 1,600 metre known strike length of the Dos de Mayo vein system and, perhaps more importantly, has identified new structures, often with artisanal workings that may indicate the presence of vein material,’ stated Robert Archer, Pinnacle’s President & CEO.  ‘The sheer number of historic shafts, adits and pits interpreted from the LiDAR survey underscores the prospectivity of the project and, to date, we have focused only on the northernmost 10% of the property.  As such, we are adding to our geological team to follow up on these new targets.’


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Figure 1:  El Potrero Project Showing Two Claim Blocks and Artisanal Workings Interpreted from LiDAR


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Figure 2:  El Potrero Block Showing Artisanal Workings Interpreted from LiDAR Defining Main Dos de Mayo Trend and New Target Areas

On the northern, or ‘El Potrero’, claim block (Figure 2), the majority of the 3 shafts, 50 adits and 29 pits clearly outline the known trace of the Dos de Mayo vein system and the more limited exposures of the El Capulin and La Estrella veins.  However, the LiDAR also indicates the potential for an extension to this system to the southeast, across the river valley, where it would be hosted in similar andesitic rocks.  In addition, there appears to be a previously unknown northeast-southwest trend on the southeast side of the valley, also in andesites, while similar northeast-southwest trends are observed in the southwest section, presumably hosted by intrusive rocks according to government regional geology maps.  This latter scenario could give rise to a different, intrusive-related, style of mineralization.  Regionally, northeast-trending structures pre-date the northwesterly trend and are host to the Ag-Pb-Zn-Au veins of the Topia Mine, 13 kilometres to the southwest.

On the separate Maria Fernanda 2 (‘MF2′) claim block to the southwest (Figure 3), 3 shafts, 14 adits and 22 pits are somewhat scattered across the concession.  While this area has never been explored by modern methods, government maps indicate a northwest-southeast trending structure passing through the middle of the block, parallel to the Dos de Mayo system and to the regional structural trend.  The LiDAR also indicates a number of smaller structures perpendicular to this trend.  The road from Topia passes through the middle of the block and road cuts locally display intense argillic alteration and pervasive chloritization with minor pyrite that, collectively, may be indicative of a buried hydrothermal system.  Several of the pits interpreted from the LiDAR appear to lie in close proximity to this zone. Pinnacle’s geological team is planning a systematic and thorough evaluation of the area, commencing early in the New Year.  


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Figure 3:  MF2 Block Showing Artisanal Workings Interpreted from LiDAR, Structure and Alteration

The LiDAR survey covered the entire 11 km2 property and was flown by Eagle Mapping Ltd. of Langley, British Columbia.  Reprocessing and interpretation of the data was conducted by GeoCloud Analytics of Melbourne, Australia.

LiDAR, or Light Detection and Ranging, is a remote sensing technology that uses laser light to ‘see through’ vegetation and soil cover to measure distances, with 15-30 cm scale accuracy, to underlying rock surfaces.  In this way, it can map out features such as structures and lithological contacts that can be related to mineralization but may not be exposed at surface.  The survey also included colour aerial photography with 10-15 cm resolution that will assist in surface exploration and planning of infrastructure upgrades.

Qualified Person

Mr. Jorge Ortega, P. Geo, a Qualified Person as defined by National Instrument 43-101, and the author of the NI 43-101 Technical Report for the Potrero Project, has reviewed, verified and approved for disclosure the technical information contained in this news release.

 

About the Potrero Property

El Potrero is located in the prolific Sierra Madre Occidental of western Mexico and lies within 35 kilometres of four operating mines, including the 4,000 tonnes per day (tpd) Ciénega Mine (Fresnillo), the 1,000 tpd Tahuehueto Mine (Luca Mining) and the 250 tpd Topia Mine (Guanajuato Silver).

High-grade gold-silver mineralization occurs in a low sulphidation epithermal breccia vein system hosted within andesites of the Lower Volcanic Series and has three historic mines along a 500 metre strike length.  The property has been in private hands for almost 40 years and has never been systematically explored by modern methods, leaving significant exploration potential.

A previously operational 100 tpd plant on site can be refurbished / rebuilt and historic underground mine workings rehabilitated at relatively low cost in order to achieve near-term production once permits are in place. The property is road accessible with a power line within three kilometres.  

Pinnacle will earn an initial 50% interest immediately upon commencing production.  The goal would then be to generate sufficient cash flow with which to further develop the project and increase the Company’s ownership to 100% subject to a 2% NSR.  If successful, this approach would be less dilutive for shareholders than relying on the equity markets to finance the growth of the Company.

About Pinnacle Silver and Gold Corp.

Pinnacle is focused on the development of precious metals projects in the Americas.  The high-grade Potrero gold-silver project in Mexico’s Sierra Madre Belt hosts an underexplored low-sulphidation epithermal vein system and provides the potential for near-term production. In the prolific Red Lake District of northwestern Ontario, the Company owns a 100% interest in the past-producing, high-grade Argosy Gold Mine and the adjacent North Birch Project with an eight-kilometre-long target horizon.  With a seasoned, highly successful management team and quality projects, Pinnacle Silver and Gold is committed to building long-term, sustainable value for shareholders.

 

Signed: ‘Robert A. Archer’

President & CEO

For further information contact:

Email:        info@pinnaclesilverandgold.com

Tel.:  +1 (877) 271-5886 ext. 110

Website: www.pinnaclesilverandgold.com

 

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

Copyright (c) 2026 TheNewswire – All rights reserved.

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

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

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

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

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

SOURCE Locksley Resources

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Canada is undermining its own mining advantage as persistent policy uncertainty continues to erode investor confidence across large parts of the country, according to new commentary from the Fraser Institute.

Julio Mejía, a policy analyst, and Elmira Aliakbari, director of natural resources studies at the Fraser Institute, argue that regulatory ambiguity, and not resource quality, is increasingly the decisive factor shaping investment decisions in the mining sector.

“Bad policies create uncertainty and deter investment,” the authors wrote, warning that without predictable rules and permitting frameworks, Canada risks falling behind competing jurisdictions that offer clearer pathways to project development.

Despite being one of the most mineral-rich jurisdictions in the world, Canada has struggled to translate geology into sustained capital investment.

The consequences are already visible in the data. Mining exploration spending slipped from around US$3.3 billion in 2022 to US$3.1 billion in 2023, with early figures pointing to another decline in 2024.

Broader mining investment totaled approximately US$11.3 billion in 2023, well below the inflation-adjusted peak reached more than a decade earlier.

Furthermore, several prominent companies such Solaris Resources, Falcon Energy Materials, and Barrick Mining, have either moved headquarters out of Canada or signaled they are weighing similar steps.

The commentary further underscores that these decisions are less about commodity prices and more about jurisdictional risk. While provinces such as British Columbia, Yukon, and Manitoba boast world-class mineral potential, investors routinely cite uncertainty around land claims, protected areas, and environmental approvals as reasons to hesitate or redirect capital.

This regulatory friction, the authors note, stands in sharp contrast to US mining jurisdictions. In states such as Nevada, Arizona, and Wyoming, investors report far lower levels of concern over land tenure and environmental permitting, even when mineral endowment is comparable.

The result is a widening competitiveness gap at a time when mining capital is increasingly mobile.

The authors argue that Canada should, in theory, be well positioned to benefit from that trend. Instead, they warn that inconsistent rules and overlapping regulatory processes are dulling the country’s appeal just as capital is seeking scalable, lower-risk opportunities.

That erosion matters beyond corporate balance sheets. Mining was Canada’s second-largest export sector in 2023, generating approximately US$86.6 billion in economic output and supporting more than 700,000 jobs. The industry also pays wages nearly double the national average and remains one of the largest private-sector employers of Indigenous workers.

The Fraser Institute’s annual survey of mining companies—now in its 26th year—is cited as evidence of how these policy concerns translate into investor sentiment.

While Saskatchewan, Newfoundland and Labrador, and Alberta continue to score well on regulatory perception, several other provinces rank poorly despite strong geology, reinforcing the argument that policy choices, not mineral scarcity, are driving investment outcomes.

Reversing the trend, according to Mejía and Aliakbari, does not require lowering environmental or social standards, but rather clarifying them.

Predictable timelines, consistent land-use decisions, and coherent permitting frameworks would allow companies to assess risk more accurately and commit capital with greater confidence.

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

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President Donald Trump was photographed with a signed ‘Make Iran Great Again’ hat alongside Sen. Lindsey Graham, R-S.C., as nationwide demonstrations in Iran continued against the regime’s political and economic corruption.

In a photo posted Monday morning on Graham’s X account, the senator could be seen flashing a thumbs up next to Trump as the president holds the black hat emblazoned with his signature.

‘Another great day with @POTUS who has brought America back, stronger than ever, at home and abroad,’ Graham wrote. ‘God bless our Commander in Chief and all of the brave men and women who serve under him.’

‘I’m proud to be an American,’ the post continued. ‘God bless and protect the brave people of Iran who are standing up to tyranny.’

Demonstrations have spread to more than 220 locations across 26 of Iran’s 31 provinces, the U.S.-based Human Rights Activists News Agency reported early Monday. At least 20 people have been killed, the group said, and more than 990 have been arrested.

What began as protests over economic hardship quickly escalated, with demonstrators chanting anti-government slogans.

Iran’s collapsing currency has fueled a deepening economic crisis. Prices for staples such as meat and rice have surged, while the country grapples with inflation of around 40%.

In December, the government introduced a new pricing tier for its heavily subsidized gasoline, raising the cost of some of the world’s cheapest fuel and adding to public anger. Tehran has signaled that further increases may follow, with officials now set to review fuel prices every three months.

The protests have continued even after Supreme Leader Ayatollah Ali Khamenei on Saturday said that ‘rioters must be put in their place.’

Khamenei’s branding of the pro-democracy activists as ‘rioters’ came a day after Trump’s unprecedented message of solidarity with the demonstrators.

Fox News Digital’s Benjamin Weinthal and The Associated Press contributed to this report.

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Democrats’ anger over President Donald Trump’s weekend operation in Venezuela is now turning into demands for his impeachment by some members of the party’s leftmost flank.

Several progressives have now called for proceedings against Trump after the administration carried out strikes in Caracas and captured Venezuelan President Nicolás Maduro and his wife. 

‘Many Americans woke up to a sick sense of déjà vu. Under the guise of liberty, an administration of warmongers has lied to justify an invasion and is dragging us into an illegal, endless war so they can extract resources and expand their wealth,’ Rep. Delia Ramirez, D-Ill., a member of the House’s ‘Squad,’ posted on X over the weekend.

‘We must pass Congresswoman Ilhan Omar’s War Powers Resolution that asserts Congress’ authorities, and Trump must be impeached.’

Ramirez was referring to a resolution led by Rep. Ilhan Omar, D-Minn., aimed at blocking Trump from carrying out military action against Venezuela.

Meanwhile, Rep. Dan Goldman, D-N.Y., who is facing a primary challenge from his left, criticized Trump for bypassing Congress to launch what he called a ‘war’ with Venezuela, and he argued the administration failed to give lawmakers ‘any satisfactory explanation.’

‘This violation of the United States Constitution is an impeachable offense,’ Goldman said in a statement. ‘I urge my Republican colleagues in the House of Representatives to finally join Democrats in reasserting congressional authority by holding this president accountable for this gross violation of the Constitution.’

Rep. April McClain Delaney, D-Md., did not mention Trump by name, but she posted on X, ‘Let’s be clear, invading and running another country without a congressional declaration of war is an impeachable offense. Whether it makes sense to pursue impeachment as the best strategy to end this lawlessness is a tactical judgment that our Caucus needs to seriously deliberate.’

And Golden State gubernatorial hopeful Rep. Eric Swalwell, D-Calif., did not rule out supporting Trump’s impeachment when asked at a press conference in California, according to local outlet Pleasanton Weekly.

Progressive House candidates also spoke up, including Kat Abughazaleh, who is running for an open seat in Illinois.

‘I demand that Congress exercise its power, halt this conflict, and impeach this war criminal president,’ Abughazaleh posted on the Bluesky app.

Fox News Digital reached out to the White House for a response.

Republicans and Democrats have, for the most part, been sharply divided in their responses to the operation in Venezuela.

Democrats have accused Trump of running afoul of U.S. laws to launch an illegal invasion of a sovereign country.

Republicans, meanwhile, have defended it as a successful move to take out a dictator and longtime hostile actor to the U.S. and in the region as a whole.

Top GOP lawmakers have also argued there was no need to notify Congress prior to what they called a law enforcement action rather than a military operation.

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Cuba acknowledged that 32 of its citizens — described by the government as members of the island’s armed forces and intelligence services — were killed during the U.S. operation that seized Venezuelan leader Nicolás Maduro in Caracas, declaring two days of national mourning in their honor.

Havana did not specify where the personnel were stationed during the raid. But their deaths have renewed scrutiny of years of reporting and international investigations documenting Cuba’s deep and covert involvement inside Venezuela’s military and intelligence structures.

Jorge Jraissati, a Venezuelan political analyst, said Cuba’s intelligence role was critical to the consolidation of power first under Hugo Chávez and later under Maduro. ‘Experts usually link Cuba as the most important intelligence provider of Venezuela. This includes issues like running elections, building diplomatic leverage with other countries and keeping the security forces in check, among others,’ he told Fox News Digital.

Jraissati said any transition in Venezuela ‘would require the American government, in partnership with the Venezuelan people, to work together on minimizing the Cubans’ influence over Venezuela’s state apparatus and society at large.’

A Reuters investigation published in August 2019 found that two confidential agreements signed in 2008 granted Cuba sweeping access to Venezuela’s armed forces and intelligence services. Under those agreements, Cuban officials were authorized to train Venezuelan troops, restructure intelligence agencies and help build an internal surveillance system focused on monitoring Venezuela’s own military, according to the report.

Those arrangements played a central role in transforming Venezuela’s military counterintelligence agency — the General Directorate of Military Counterintelligence (DGCIM) — into a force designed to detect dissent, instill fear within the ranks and ensure loyalty to the government, the investigation found.

The findings were later echoed by the United Nations Independent International Fact-Finding Mission on Venezuela, which said it reviewed a 2008 memorandum of understanding between Cuba and Venezuela. The U.N. mission reported that the agreement provided for Cuban advisory oversight in the restructuring of Venezuelan military intelligence, including the creation of new agencies, training of counterintelligence officers and assistance with surveillance and infiltration techniques.

Former Venezuelan officials cited by Havana Times and El Toque have described Cuban advisers embedded across some of the country’s most sensitive institutions, including the civilian intelligence service SEBIN, DGCIM, the defense ministry, ports and airports and Venezuela’s national identification system.

Human rights organizations and international investigators say those structures were central to the government’s response to mass protests in 2014 and 2017, when Venezuelan security forces carried out widespread arrests and deadly crackdowns on demonstrators.

The U.N. fact-finding mission documented patterns of extrajudicial executions, arbitrary detention and torture, and reported that Cuban advisers helped train Venezuelan personnel in methods used to track, interrogate and repress political opponents.

Experts say Cuba’s admission that its military and intelligence personnel were killed during a U.S. operation inside Venezuela has sharpened focus on the alliance’s true depth, turning years of documentation into an immediate geopolitical issue.

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While many Democrats erupted at President Donald Trump’s decision to arrest Venezuelan dictator Nicolás Maduro on drug trafficking and terrorism charges, one particular prior taunt from former President Joe Biden resurfaced Sunday and promptly got ratioed.

Responding to an Axios report on June 21, 2020, that Trump would consider meeting with Maduro after the despot ignored the disputed election versus opposition leader Juan Guaidó, Biden said, ‘Trump talks tough on Venezuela, but admires thugs and dictators like Nicolás Maduro.’

‘As President, I will stand with the Venezuelan people and for democracy,’ Biden added.

Soon after the weekend operation at Miraflores – the Venezuelan dictator’s official residence – conservatives and at least one left-leaning political activist highlighted how, in the words of several civilian respondents, the comment ‘aged like milk.’

‘Whoops,’ remarked Sen. Tommy Tuberville, R-Ala., who is also running for the Yellowhammer State’s governorship this year.

‘And now, every Democrat is denouncing an operation to execute a federal warrant while we slept,’ Tuberville said.

The Auburn football legend went on to claim Biden’s comment showed ‘Democrats have no principles [and] it’s about whatever way the left wind is blowing to gain power.’

‘Yesterday’s margaritas with Kilmar Abrego Garcia is today’s Maduro,’ he said. ‘They’ll support a drug-trafficking dictator because this was another Trump win. Guaranteed.’

The Trump campaign arm’s ‘Rapid Response 47’ X account also re-upped Biden’s message, responding with a photograph of Maduro blindfolded on a U.S. government aircraft following his capture.

‘A tweet that did not age well,’ added Fox News host and former Trump press secretary Kayleigh McEnany.

‘Has anyone called to see if Joe is still sleeping?’ remarked Pennsylvania state Rep. Aaron Bernstine, who represents Butler County, where Trump was nearly assassinated in 2024.

One respondent on X replied with a clip of Earl Sinclair from the 1990s ABC sitcom, ‘Dinosaurs,’ expressing surprise and dropping a glass.

‘This aged well,’ Rep. Dan Crenshaw, R-Texas, said of Biden’s comment.

Sen. Marsha Blackburn, R-Tenn., added in a statement on social media that Trump ‘doesn’t just talk tough, he is tough.’

‘Does Joe Biden have anything to say now?’ she asked, as other critics cited a second Biden comment from that timeframe wherein the Delaware Democrat called Maduro a dictator and criticized his ‘human rights violations and extrajudicial killings.’

‘Wait. You mean ‘Don’t’ diplomacy didn’t get it done?’ remarked former NYPD inspector Paul Mauro, who is also a Fox News contributor.

Mauro had referenced Biden’s widely circulated response to an inquiry about what his message to Iran would be to prevent them from intervening in Israel. ‘Don’t,’ Biden replied before leaving the stage where he was speaking at MS-NOW host Al Sharpton’s National Action Network.

In 2022, Biden climate envoy John Kerry – a former Massachusetts senator – was videotaped shaking hands and smiling in brief conversation with Maduro at the United Nations’ climate change summit that year in Sharm el-Sheikh, Egypt.

When pressed on the surprisingly jovial greeting, Kerry spokesman Ned Price said the Venezuelan leader had ‘interrupted what was an ongoing meeting at COP27’ and called the exchange ‘very much an unplanned interaction.’

Other critics pointed out that former President Barack Obama established the first bounty on Maduro’s head in 2015 via executive order, which was increased by the Biden administration, then doubled to $50 million by Trump more recently.

‘Joe Biden hated Maduro just as much. He just wasn’t bold enough to get him,’ said Ja’Mal Green, a former Chicago mayoral candidate and community activist who previously aligned with Sen. Bernie Sanders, I-Vt., but appeared to sour on some of the far-left’s policies under current Mayor Brandon Johnson and now identifies as ‘politically independent.’

‘All [Biden] did was impose sanctions and never get the money owed. Democrats have to stop.’

‘Under Biden, he watched as Maduro slaughtered and oppressed the people of Venezuela. He watched as Maduro lost the election but still declared himself the winner. He then just allowed millions of Venezuelans to come to America to claim refuge, costing us hundreds of billions of dollars,’ said Green, who has also criticized Johnson over Chicago’s response to the illegal immigration crisis.

‘Under Trump, Maduro FAFO. He swooped in and took him out of the country altogether,’ Green said.

‘Regardless of our disagreements, sometimes diplomacy doesn’t work, and we must use aggression to free a nation. Trump freed Venezuelans today and I hope one day they can go home to a stable country.’

Green referenced recent nationwide protests against Trump and said the craziest part of ‘socialist[s] crying about Trump taking Maduro [was] saying it’s because he wanted a regime change. Maduro didn’t win the election. He’s only there because he took over the country. I thought y’all didn’t want kings.’

Fox News Digital reached out to representatives for Biden for comment.

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Lawmakers on Capitol Hill have unveiled a new spending bill totaling at least $174 billion that could get a vote in the House of Representatives as early as this week.

It’s a significant step toward avoiding another government shutdown come Jan. 30, the deadline congressional leaders set after ending the recent 43-day shutdown — the longest in U.S. history — in November.

The legislation released on Monday is a package of three of the 12 annual spending bills that Congress is charged with passing: commerce, justice, science and related agencies; energy and water development and related agencies; and interior, environment and related agencies.

Senior Republicans and Democrats both signaled support for the bill, which was expected after it was created as the result of bipartisan discussions between the Senate and House Appropriations Committees.

‘This bipartisan, bicameral package reflects steady progress toward completing FY26 funding responsibly. It invests in priorities crucial to the American people: making our communities safer, supporting affordable and reliable energy, and responsibly managing vital resources,’ House Appropriations Committee Chairman Tom Cole, R-Okla., said in a statement. ‘It also delivers critical community projects nationwide, along with investments in water infrastructure, ports, and flood control that protect localities and keep commerce moving.’

Rep. Rosa DeLauro, D-Conn., the top Democrat on the panel, said the bill ‘is a forceful rejection of draconian cuts to public services proposed by the Trump Administration and Republicans in Congress’ that is free of what she called ‘Republican poison pill’ provisions.

House Speaker Mike Johnson, R-La., said its release is a step toward avoiding a ‘bloated omnibus bill’ and would ‘spend less than another continuing resolution’ in an apparent bid to ease conservative fiscal hawks’ concerns.

Two of those fiscal hawks, Reps. Chip Roy, R-Texas, and Ralph Norman, R-S.C., sit on the House Rules Committee, the panel that acts as the final gatekeeper before most legislation gets a House-wide vote. It’s not immediately clear whether they will support the bill.

In a sign of potential support from conservatives, however, House Freedom Caucus Chairman Andy Harris, R-Md., told Fox News Digital of the legislation, ‘We are still going through this minibus — but it appears to be in line with keeping this year’s discretionary spending below last year’s level — which is a good first step to actually lowering spending next year to control our runaway federal debt.’

The House Rules Committee is meeting to advance the legislation on Tuesday evening, with a final vote likely on Thursday. A subsequent procedural vote in the House, called a ‘rule vote,’ will need support from nearly all GOP lawmakers in order to advance.

The largest chunk of funding is aimed at the Commerce and Justice Departments, as well as related agencies. It provides roughly $78 billion in funding for NASA, the FBI, the U.S. Marshals Service and the Bureau of Prisons, among other areas.

Coming in second is the energy funding bill, which would devote just over $58 billion in funding largely to the Department of Energy. Notably, the bill beefs up nuclear defense and energy production funding, allocating roughly $25 billion to the National Nuclear Security Administration. A large chunk of that funding would be directed toward nuclear weapons activities and stockpile modernization. 

Rounding out the trio is the interior funding bill, which would provide over $38 billion in funding spread across the Interior Department, Environmental Protection Agency, U.S. Forest Service and other related agencies.

Notably, the package includes just over $3 billion in ‘Community Project Funding,’ also known as earmarks, which lawmakers request for specific initiatives on their home turf. 

While the last shutdown originated in the Senate, it appears that Senate Democrats are willing to play nice with Republicans ahead of the deadline.

Senate Minority Leader Chuck Schumer, D-N.Y., said ahead of Congress’ holiday break that Democrats’ goal was to complete the remaining slate of funding bills by the Jan. 30 deadline and noted that ‘we want to get through the process.’

Given that the latest package is a bicameral, bipartisan product, Senate Democrats are likely to support it. 

Advancing the package in the Senate would go a long way toward funding the government but still falls short of the entire list of a dozen bills needed to fund the government. And there are still some more difficult spending bills lurking in the background, like defense, which Democrats rejected during the shutdown. 

Sen. Patty Murray, D-Wash., and the top-ranking Democrat on the Senate Appropriations Committee, touted in a statement that the funding package put Congress back into the driver’s seat of funding the government, taking the keys from President Donald Trump and Office of Management and Budget Director Russ Vought.

‘Importantly, passing these bills will help ensure that Congress, not President Trump and Russ Vought, decides how taxpayer dollars are spent — by once again providing hundreds of detailed spending directives and reasserting congressional control over these incredibly important spending decisions,’ Murray said.

If the legislation passes both the House and Senate, Congress will have advanced six of its 12 spending bills. It’s worth noting that another shutdown would only affect the agencies and offices left unfunded at the time of its beginning.

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Terra Clean Energy CORP. (‘Terra’ or the ‘Company’) (CSE: TCEC,OTC:TCEFF, OTCQB: TCEFF, FSE: C9O0) welcomes the recent U.S. Department of Energy announcement on uranium and announces the appointment of Jon Li as Chief Financial Officer of the Company effective January 1, 2026.

In late December 2025, the United States Department of Energy (‘DOE’) announced the implementation of a New Domestic Nuclear Fuel Supply Chain & Uranium Agreement. The DOE is establishing a new consortium under the Defense Production Act (‘DPA’) to strengthen the U.S. nuclear fuel supply chain, including uranium mining, milling, enrichment and fuel fabrication. This aims to reduce dependence on foreign enriched uranium and critical minerals. The DOE is actively inviting companies with US assets to join the NUCLEAR FUEL CYCLE CONSORTIUM via voluntary agreements with industry under DPA Section 708 which will unlock federal incentives, targeted funding, and expedited permitting for U.S. uranium projects.

‘With past producing uranium mines in the U.S., Terra will no doubt benefit from this sweeping new legislation as it develops its portfolio of U.S. uranium assets’ said Greg Cameron CEO.  ‘I strongly believe that 2026 will be the year of uranium and with uranium assets in Utah and additional uranium claims being staked, Terra will have a significant portfolio of U.S. Uranium assets to complement its Fraser Lakes B uranium deposit in the Athabasca Basin, Saskatchewan.’

Mr. Li’s appointment as Chief Financial Officer of the Company follows the resignation of Brian Shin and follows the Company’s strategy of centralizing its operations and management to Toronto. Terra would like to thank Mr. Shin and wish him all the best for his future endeavors.

Jon Li brings more than 20 years of finance experience with speciality in mining, technology and financial service industry.  As the Vice President of WD Numeric, a full-service accounting firm that provides financial and support services for both public and private companies, Jon leads ongoing process improvement efforts, conducts quality control reviews of client files, and provides CFO services to a portfolio of clients. 

Prior to WD Numeric, Jon was the Financial Controller at Strategic Pricing Management Group (SPMG) and was responsible for managing all financial activities of the company including set-up and maintenance of general ledger accounting system, budgeting, forecasting, cash management and financial reporting.  Jon is a CPA (US & Canada) and holds an MBA with concentration in Accounting.

Additionally, the Company reports that all matters up for consideration at the annual general meeting of shareholders held on December 8, 2025 (the ‘Meeting‘) were approved. At that Meeting, shareholders re-elected the current directors of the Company (being Greg Cameron, Alex Klenman and Tony Wonnacott) and elected two additional directors, being Michael Gabbani and Brian Polla. In addition, shareholders ratified the appointment of Crowe MacKay LLP, Chartered Professional Accountants as auditors for the year ended December 31, 2024 and approved their appointment as auditors for the ensuing year.

‘Mike is an accomplished engineer having spent decades in the nuclear industry and has a high level of understanding of where the industry is going and the contacts to allow us to position the Company to benefit.  Brian is a serial entrepreneur and seasoned veteran of the capital markets as well as a significant shareholder of Terra.  We are lucky to have their expertise to help steer the Company forward’ said Greg Cameron CEO.

The Company also announces an award of 2,000,000 restricted share units (each, an ‘RSU’) pursuant to its Omnibus Incentive Plan to directors, officers and consultants of the Company. Each RSU entitles the recipient to receive one common share of the Company on vesting. The RSUs vest on the date that is one year from the date of grant. The grant of RSUs remains subject to the receipt of all regulatory approvals, including the approval of the Canadian Securities Exchange.

About Terra Clean Energy Corp.

Terra Clean Energy Corp. is a Canadian-based uranium exploration and development company. The Company is currently developing the South Falcon East uranium project, which holds a 6.96M pound inferred uranium resource within the Fraser Lakes B Deposit, located in the Athabasca Basin region, Saskatchewan, Canada as well as past producing uranium mines in Utah, United States.

ON BEHALF OF THE BOARD OF Terra Clean Energy CORP.

‘Greg Cameron’
Greg Cameron, CEO
Qualified Person

The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101, reviewed and approved on behalf of the company by C. Trevor Perkins, P.Geo., the Company’s Vice President, Exploration, and a Qualified Person as defined by National Instrument 43-101.

*The historical resource is described in the Technical Report on the South Falcon East Property, filed on sedarplus.ca on February 9, 2023. The Company is not treating the resource as current and has not completed sufficient work to classify the resource as a current mineral resource. While the Company is not treating the historical resource as current, it does believe the work conducted is reliable and the information may be of assistance to readers.

Forward-Looking Information

This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information is characterized by words such as ‘plan,’ ‘expect,’ ‘project,’ ‘intend,’ ‘believe,’ ‘anticipate,’ ‘estimate’ and other similar words, or statements that certain events or conditions ‘may’ or ‘will’ occur. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, and opportunities to differ materially from those expressed or implied by such forward-looking information, including statements regarding the Offering and the potential development of mineral resources and mineral reserves which may or may not occur. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, and general economic and political conditions. Forward-looking information in this news release is based on the opinions and assumptions of management considered reasonable as of the date hereof, including that all necessary approvals, including governmental and regulatory approvals will be received as and when expected. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether because of new information, future events or otherwise, other than as required by applicable laws. For more information on the risks, uncertainties and assumptions that could cause our actual results to differ from current expectations, please refer to the Company’s public filings available under the Company’s profile at www.sedarplus.ca.

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

For further information please contact:

Greg Cameron, CEO
info@tcec.energy
416-277-6174

Terra Clean Energy Corp
Suite 303, 750 West Pender Street
Vancouver, BC V6C 2T7
www.tcec.energy

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Rzolv Technologies Inc. (TSXV: RZL) (the ‘Company’ or ‘RZOLV’) today reported the results of a bulk-scale vat leach metallurgical test conducted at an independent, operating gold mine in Arizona, marking a significant milestone in the commercial validation of the Company’s proprietary non-cyanide gold leaching technology.

The program represents RZOLV’s most advanced scale-up validation to date, moving beyond laboratory conditions to evaluate metallurgical performance, solution chemistry, reagent stability, hydrodynamics, and operability under representative operating conditions and at meaningful tonnage.

Bulk-Scale Test Highlights:

  • 73.5 tonnes of low-grade oxidized gold mineralization were processed at an operating mine in Arizona.
  • The test achieved an overall gold recovery of 67.51% over 40 days under the specific conditions evaluated, with recoveries comparable to laboratory-scale reference tests conducted using 1,000 ppm sodium cyanide.
  • The RZOLV leach solution demonstrated predictable scale-up behavior, with metallurgical performance consistent with prior laboratory-scale test work.
  • Solution chemistry remained stable throughout the test, maintaining targeted pH and oxidation-reduction potential (ORP) ranges, with no evidence of instability, precipitation, compaction, or channeling.
  • Leached residues exhibited low residual gold content and maintained favorable permeability characteristics throughout the test period.
  • Effective gold adsorption onto carbon was achieved, confirming compatibility with conventional carbon adsorption and electrowinning circuits.
  • Doré production and final weight were consistent with calculated carbon loadings and overall metallurgical accounting.

CEO Commentary

Duane Nelson, President and CEO of Rzolv Technologies Inc., commented: ‘This bulk-scale vat leach test represents an important inflection point for RZOLV. Processing more than 73 tonnes of ore at an operating mine allowed us to validate not only metallurgical recovery, but solution stability, hydrodynamics, reagent behavior, and carbon performance under real-world conditions.’

‘The predictable scale-up behavior observed in this program provides strong technical support for further commercial evaluation and reinforces our confidence that RZOLV can serve as a viable non-cyanide alternative for certain gold processing applications.’

Bulk-Scale Test Confirms Scalable Metallurgical Performance

The bulk test processed 73.55 tonnes of low-grade gold oxide mineralization hosted in gneissic and granitic lithologies. Run-of-mine material was crushed and screened to minus ½ inch (12.5 mm) plus 18 mesh (1 mm) and treated in a lined vat leach configuration with controlled solution circulation, collection, and carbon adsorption.

Under the specific test conditions evaluated, the 40-day bulk-scale vat leach achieved an overall calculated gold recovery of 67.51%. These results are consistent with multiple laboratory-scale leach tests conducted on the same test material, supporting the representativeness of the bulk-scale metallurgical performance.

Gold dissolution and recovery kinetics observed at bulk scale were consistent with prior laboratory-scale RZOLV and cyanide leach studies, indicating predictable scale-up behavior.

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Mass Balance Closure and Operability Confirm Process Integrity

From an operational standpoint, the test confirmed:

  • Stable and predictable reagent consumption
  • Sustained solution chemistry within targeted pH and ORP ranges
  • Effective gold adsorption onto conventional activated carbon
  • Compatibility with standard pumps, liners, instrumentation, and control systems

No evidence of solution instability, deleterious precipitation, compaction, or channeling was observed at the tested crush size. Irrigation flux, drainage behavior, and hydrodynamics remained stable throughout the test period.

Stream Mass (t) Au Grade Contained Au (g) Au Distribution (%)
Calculated Head (Feed) 73.56 1.373 g/t Au 100.98 100.00%
Pregnant/Process Solution (final) 1.12 PPM Au 68.788 67.51%
Final Tailings 73.56 0.450 g/t Au 33.100 32.49%
Mass Balance Closure 100.98 100.00%

 

Comparison to Cyanide and Prior Test Work

Parallel laboratory-scale bottle-roll testing was conducted using RZOLV and sodium cyanide on the representative oxide material (ground to <500 microns) to benchmark leach kinetics, dissolved gold tenors, and overall metallurgical response under controlled conditions. The laboratory results demonstrate that RZOLV exhibits gold dissolution behavior and recovery profiles comparable to cyanide, and in some tests, exceeding cyanide under identical laboratory conditions.

Under the specific laboratory test conditions applied, RZOLV achieved dissolved gold concentrations ranging from 1.48 to 1.55 gpt Au in solution over a 48-hour leach cycle, compared to 0.98 to 1.02 gpt Au achieved using a reference solution containing 1,000 ppm sodium, consistent with typical laboratory benchmarking concentrations’. Early-time leach kinetics for RZOLV were also observed to be equal to or faster than cyanide, with materially higher dissolved gold tenors achieved within the first 5 hours of leaching.

These laboratory-scale results are consistent with, and closely mirror, the pregnant solution gold tenors (~1.12 ppm Au) observed during the bulk-scale vat leach program, providing strong validation that RZOLV performance scales predictably from bottle-roll testing to bulk processing under representative operating conditions. The alignment between laboratory and bulk-scale data reinforces management’s confidence in the technical robustness, scalability, and commercial relevance of RZOLV as a non-cyanide gold leaching technology.

Leach Solution Recoveries (GPT)
1 hr 3 hrs 5 hrs 28 hrs 48 hrs
RZOLV Leaching Solution (Test 1) 0.64 1.14 1.27 1.46 1.55
RZOLV Leaching Solution (Test 2) 0.65 0.96 1.05 1.4 1.48
Sodium Cyanide Reference Solution (Test 1) 0.41 0.45 0.57 0.98 1.02
Sodium Cyanide Reference Solution (Test 2) 0.26 0.3 0.43 0.85 0.98

 

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Key Technical Observations

  • Comparable leach kinetics: RZOLV demonstrates dissolution rates comparable to or faster than cyanide during early leach intervals.
  • Higher dissolved gold tenors: RZOLV achieved consistently higher solution gold concentrations at 48 hours relative to cyanide.
  • Scalability confirmed: Laboratory-scale solution tenors are directionally consistent with bulk-scale vat leach solution grades.
  • Predictable performance: Results support the use of standard laboratory bottle-roll testing as a reliable predictor of bulk-scale RZOLV performance.

While laboratory comparisons are provided for reference only, management notes that the consistency between lab-scale and bulk-scale behavior is a critical indicator of scalable process performance.

Design-Relevant Data Generated for Commercial Evaluation

In addition to metallurgical results, the program generated design-ready data relevant to potential commercial deployment, including:

  • Solution flow rates and inventories
  • Residence-time distribution
  • Reagent management and oxidant demand
  • Carbon loading and stripping behavior
  • Equipment sizing envelopes
  • Preliminary operating cost inputs

These data materially advance RZOLV’s ability to evaluate and design future commercial-scale applications.

Environmental Containment and Closed-Loop Operation

The vat leach test was conducted within a fully contained, closed-loop process circuit, with all process solutions captured, recycled, and managed on-site throughout the program. No process solutions were discharged to surface water or groundwater systems during the test period.

The closed-loop configuration enabled controlled solution management, including consistent pH and oxidation-reduction potential (ORP) control, while minimizing environmental exposure pathways. The chemical system employed does not exhibit the acute toxicity characteristics associated with conventional cyanide-based leaching systems, allowing the test program to be executed under standard industrial handling and containment protocols appropriate for controlled metallurgical testing.

All operational practices were implemented to align with site environmental controls and applicable regulatory requirements, demonstrating the practicality of deploying RZOLV in contained leaching applications where solution stewardship, environmental risk management, and permitting considerations are critical.

Conclusions

The bulk-scale vat leach test demonstrates that, under the specific test conditions evaluated, RZOLV’s technology:

  • Achieved gold recoveries comparable to cyanide at lab-scale
  • Exhibited stable solution chemistry and reagent performance
  • Demonstrated compatibility with conventional carbon adsorption and electrowinning circuits
  • The RZOLV chemistry showed predictable scale-up behavior relative to prior laboratory testing
  • Leached residues exhibited low residual gold content and maintained favorable permeability characteristics throughout the test.
  • Doré production and weight were consistent with calculated carbon loadings and overall metallurgical accounting.
  • The vat leach test was conducted within a fully contained, closed-loop process circuit, with all process solutions captured, recycled, and managed on-site, resulting in no discharge to surrounding surface water or groundwater systems.

While results are based on a defined bulk sample and operating configuration, the demonstrated stability of RZOLV’s solution chemistry, hydrodynamics, and scale-up behavior indicates that comparable metallurgical performance is reasonably expected across a broad range of oxidized gold materials processed under analogous conditions.

Limitations and Disclaimer

The metallurgical test results reported herein are based on a specific bulk sample and defined test conditions and may not be indicative of performance on other ore types, grades, or operating environments. Comparative cyanidation results were generated at laboratory scale and are provided for reference purposes only. Bulk-scale testing provides indicative data on metallurgical response, solution behavior, and operability; however, additional testing is required to confirm performance consistency and economic applicability at commercial scale. There can be no assurance that results obtained in this test program will be replicated under different conditions or at other sites.

About Rzolv Technologies Inc.

Rzolv Technologies Inc. is a clean-tech company developing innovative, non-toxic solutions that aim to transform gold extraction and mine-site remediation. The Company’s flagship product, RZOLV, is a proprietary water-based hydrometallurgical formula that provides a sustainable, safe alternative to sodium cyanide for the dissolution and recovery of gold.

Cyanide has been the industry standard for more than a century, yet its toxicity has resulted in bans or restrictions across multiple jurisdictions, along with significant permitting, handling, and ESG challenges for mining companies. RZOLV delivers comparable performance and cost metrics to cyanide while offering a non-toxic, reusable, and environmentally sustainable profile, enabling gold extraction in regions, ore types, and project settings where cyanide use is impractical, prohibited, or socially unacceptable. For more information: https://www.rzolv.com.

Cautionary Note

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

For further information, please contact:

Contact
Duane Nelson
Email: duane@rzolv.com
Phone: (604) 512-8118

Cautionary Note Regarding Forward-Looking Statements

This news release contains statements that constitute ‘forward-looking statements.’ Such forward looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements, or developments to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words ‘expects,’ ‘plans,’ ‘anticipates,’ ‘believes,’ ‘intends,’ ‘estimates,’ ‘projects,’ ‘potential’ and similar expressions, or that events or conditions ‘will,’ ‘would,’ ‘may,’ ‘could’ or ‘should’ occur.

Forward-looking information is based on management’s reasonable assumptions, estimates, and expectations as of the date hereof, including assumptions regarding test conditions, material characteristics, operating parameters, regulatory frameworks, and the availability of capital and third-party services. Such information is subject to known and unknown risks, uncertainties, and other factors that may cause actual results or events to differ materially from those expressed or implied, including but not limited to variability in ore characteristics, scale-up risks, changes in regulatory requirements, environmental permitting outcomes, market conditions, and operational execution. Forward-looking information is provided for the purpose of providing information about management’s current expectations and plans and may not be appropriate for other purposes. The Company does not undertake to update any forward-looking information except as required by applicable law.

The forward-looking information in this news release is based on management’s reasonable expectations and assumptions as of the date of this news release.

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