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A longtime House Republican who sits on Congress’ powerful tax-writing committee is retiring after 20 years on Capitol Hill.

Rep. Vern Buchanan, R-Fla., announced on Tuesday that he will not be seeking re-election, ending a two-decade-long career in Washington at the age of 74.

He’s the 28th Republican to join what appears to be a mass exodus from the House of Representatives after the current term. Twenty-one House Democrats will also not seek re-election to the chamber.

Buchanan said in a statement that it was the honor of a lifetime to serve his southwest Florida congressional district.

‘Every achievement worth doing began with listening to my constituents and fighting for their priorities. I came to Congress to solve problems, to fight for working families and to help ensure this country remains a place where opportunity is available to everyone willing to work for it,’ Buchanan said.

‘After 20 years of service, I believe it’s the right time to pass the torch and begin a new chapter in my life.’

Buchanan spent nearly all of his time in Congress as a member of the House Ways & Means Committee, a powerful panel that oversees a variety of issues including tax policy.

He was in contention to chair the committee after Republicans retook the House of Representatives in November 2022 but ultimately lost the gavel to current Chairman Jason Smith, R-Mo.

Since then, Buchanan has served as the committee’s vice chair and chairman of its subcommittee on health.

Before he leaves office, he’s still likely to play a key role as Republicans in Congress eye another ‘big, beautiful bill’ via the budget reconciliation process.

Budget reconciliation allows the party controlling both the House and Senate to pass massive policy overhauls by dropping the Senate’s requirement for passage to be in line with the House’s own simple majority threshold.

While the first bill was a vast compilation of President Donald Trump’s campaign promises, Republicans are hoping a second round would more narrowly focus on making Americans’ lives more affordable — including tackling soaring healthcare costs.

The nonpartisan Cook Political Report rates Buchanan’s district as solidly Republican, meaning it’s not likely to flip in the 2026 midterms.

But his retirement comes at a time when House Republicans are expected to face an uphill battle to keep their razor-thin majority for the latter half of Trump’s term.

This post appeared first on FOX NEWS

Highlights from this release include:

  • Drilling has significantly expanded the known mineralized footprint of magmatic sulphide mineralization associated with the basal portions of the Saturday Night intrusion.
  • The newly identified PGE-Ni-Cu mineralized envelope, measuring approximately 800m by 200m, remains open in all directions.
  • SN-25-03-X (extension) intersected 14.44m of 0.61 g/t 3E PGE (3E PGE = Pt + Pd + Au) & 0.13% Cu, including 4.64m of 1.24 g/t 3E PGE & 0.21% Cu, and including 0.60m of 2.45 g/t 3E PGE & 0.30% Cu.
  • SN-25-04 intersected 10.33m of 0.38 g/t 3E PGE & 0.17% Cu, including 6.39m of 0.45 g/t 3E PGE & 0.18% Cu, and including 0.62m of 0.99 g/t 3E PGE & 0.34% Cu.
  • SN-25-05 intersected 10.75m of 0.76 g/t 3E PGE & 0.18% Cu, including 5.05m of 1.40 g/t 3E PGE & 0.31% Cu, and including 1.03m of 1.98 g/t 3E PGE & 0.29% Cu.

Transition Metals Corp. (TSXV: XTM,OTC:TNTMF) (‘Transition’, ‘the Company’), is pleased to disclose assay results from drilling completed in December 2025 at its 100%-owned Saturday Night PGE Project, located approximately 30 kilometres north of Thunder Bay, Ontario (see news release dated November 10, 2025). The program saw the extension of hole SN-25-03-X beyond the basal contact, plus the addition of two new holes (SN-25-04 and SN-25-05), totaling a combined 1,463 metres. All holes intersected broad intervals of PGE-Ni-Cu mineralization occurring along the basal contact of the Saturday Night layered intrusion.

Commenting on the results, CEO Scott McLean stated, ‘We are very encouraged by the thick sequences of differentiated Mid-Continental Rift (MCR) intrusion we have drilled at Saturday Night, with the growing footprint of the mineralizing system we are defining. We see similarities to the proximal phases to the higher-grade sequences we previously encountered at our nearby Sunday Lake discovery, where historic drilling in 2019 returned values including 41.20m of 5.51 g/t 3E PGE and 0.57% Cu, including a higher-grade interval of 8.30m of 13.06 g/t 3E PGE and 1.23% Cu in hole SL-19-26. These results reinforce our interpretation that Saturday Night represents a large, fertile magmatic system and further supports its potential to host higher-grade mineralization similar to that identified at Sunday Lake.’

Discussion of Drill Results

Drilling to date has significantly expanded the known footprint of mineralization associated with a large, layered MCR intrusive, hosting PGE-Cu-Ni mineralization along basal contacts. Select highlight assay intervals from recent drilling are contained in Table 1, with Table 2 containing drill collar information. A Property location map in Figures 1 and a North-South drill hole section depicted in Figure 2.

Drill hole SN-25-03 was designed in an earlier exploration program in 2025 as a larger down-dip step-out, however was terminated at a depth of 830-metres, before being able to reach the ultramafic series and basal contact, where mineralization was anticipated (see news release dated March 26, 2025). This hole, after extension to a depth of 942 metres (drill hole extension; SN-25-03-X), and intersected a broad PGE mineralized sequence occurring along the basal contact.

Table 1: Highlight results from hole SN-25-03-X, SN-25-04, and SN-25-05.

Drill Hole ID From To Length Pt Pd Au Cu Ni 3E PGE* CuEq*
units (m) (m) (m) (ppm) (ppm) (ppm) (wt. %) (wt. %) (ppm) (wt. %)
SN-25-03-X 887.74 902.18 14.44 0.33 0.21 0.07 0.13 0.06 0.61 0.49
including 892.26 901.13 8.87 0.48 0.31 0.10 0.17 0.07 0.89 0.71
including 896.49 901.13 4.64 0.67 0.45 0.12 0.21 0.07 1.24 0.97
including 900.00 900.60 0.60 1.34 0.89 0.21 0.30 0.13 2.45 1.91
SN-25-04 617.16 627.49 10.33 0.17 0.10 0.11 0.17 0.06 0.38 0.41
including 621.10 627.49 6.39 0.22 0.14 0.09 0.18 0.05 0.45 0.51
including 622.52 623.14 0.62 0.50 0.28 0.21 0.34 0.15 0.99 1.12
SN-25-05 578.56 589.31 10.75 0.42 0.23 0.11 0.18 0.06 0.76 0.89
including 582.20 587.25 5.05 0.77 0.44 0.19 0.31 0.10 1.40 1.62
including 584.00 585.03 1.03 1.13 0.65 0.20 0.29 0.13 1.98 2.34

 

*Note: 3E PGE = (Pt + Pd + Au), Copper equivalent (CuEq) values are based on assumed SPOT metal prices as of Jan 19th, 2026, using US$5.9088/lb Cu, US$8.2282/lb Ni, US$4,678.29/oz Au, US$2,380.50/oz Pt and US$1,886.50/oz Pd. No current or historical metallurgical work, nor economic analysis, has been completed, and therefore recoveries are assumed to be 100%, with 100% payable metals. The use of CuEq values are conceptual in nature, and are intended for exploration comparison purposes only, and do not represent an economic analysis. Lengths reported represent core length, insufficient work has been completed to determine true widths.

The two additional in-fill drill holes, SN-25-04 and SN-25-05, were designed to test mineralization continuity along the basal contact between SN-25-03-X and the existing up-dip holes SN-16-01 and SN-25-02. Geological units encountered correlate well, and mineralization along the basal contact is consistent and interpreted to be continuous between holes.

In total, the Company has now completed five drill holes (inclusive of the extension hole describe above) for a total of 3,481 metres at Saturday Night. All holes have intersected a thick, layered intrusion containing extensive intervals of magmatic sulphides enriched in platinum, palladium, gold, copper, and nickel, with mineralization intensifying toward the basal contact. Combined, this new drilling expands the known mineralized footprint, now measuring approximately 800 metres by 200 metres and remains open in all directions.

Figure 1: Saturday Night PGE Property location map on regional total field magnetics. The Sars depict known magnetic features associated with MCR mineralized intrusions.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2766/281788_25ad87f804434aae_001full.jpg

Table 2: Drill hole collar information.

Drill Hole ID Easting Northing Azimuth Dip Length
units (mE) (mN) (º) (º) (m)
SN-25-03-X* 319,741 5,390,080 201° -70° 942
SN-25-04 319,746 5,390,088 35° -85° 674
SN-25-05 319,746 5,390,090 340° -70° 677

 
*Notes: Coordinates are in UTM NAD83, Zone 16N, in metres. Drill hole SN-25-03-X is an extension of hole SN-25-03, which previously terminated at a death of 830m. Dip is reported as negative below horizontal. Lengths reported are in metres, and represent core length, insufficient work has been completed to determine true widths.

Figure 2: Saturday Night Project North-South cross-section, looking west, including interpreted geology and mineralization intersected with a 200m influence.

*Note: 3E PGE = (Pt + Pd + Au), Coordinates are in UTM NAD83, Zone 16N, in metresLengths reported are in metres, and represent core length, insufficient work has been completed to determine true widths.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2766/281788_25ad87f804434aae_002full.jpg

Next Steps

The Company is actively expanding its understanding of the Saturday Night PGE-rich intrusion and is undertaking various studies and 3D modeling activities, including physical rock-property analysis, to better constrain geophysical inversion models. In the coming months, the Company is planning additional geophysical surveys and 3D modeling to enhance drill targeting.

About the Saturday Night Project

The Saturday Night Project, wholly owned by Transition Metals, comprises 63 staked mining claims situated in Fowler Township, located approximately 30 kilometres northwest of Thunder Bay, Ontario, within the Robinson Superior Treaty area. The project has year-round road access to a main highway and is close to infrastructure. The exploration work to date has confirmed that a magnetic anomaly found on the Property is linked to an underlying mafic-ultramafic intrusion (SNI), which is interpreted to have originated during the Proterozoic era and is associated with the renowned Midcontinental Rift (MCR).

The MCR is a geological feature that extends over 2,000 kilometres across the heart of North America. It formed around 1.1 billion years ago as the North American craton began to rift. Notably, the early stages of this rift (referred to as ‘early-rift’) are associated with the presence of mafic to ultramafic intrusive rocks that contain significant quantities of platinum group elements (PGEs). Nearby MCR related deposits include the Thunder Bay North and Sunday Lake deposit. The Sunday Lake deposit was discovered by Transition in partnership with Impala Platinum in 2013. Other rift related Ni-Cu and PGE-bearing systems include the Eagle deposit located in Michigan, and the Tamarack and Duluth deposits located in Minnesota. The Saturday Night Project is currently in the early exploration phase, with ongoing assessments aimed at determining the potential of the Property to host PGE mineralization of interest. The Property is subject to an underlying 1.0% Net Smelter Return royalty (see company press releases dated September 8, 2020).

2026 AME Roundup Conference

Company personnel, including CEO Scott McLean, COO Greg Collins, and Corporate Development Manager Bill Stormont will be exhibiting in person at the AME Roundup 2026 in Vancouver on Wednesday, January 28th and Thursday, January 29th in AME’s Project Generators’ Hub. Inquiries to arrange meetings can be directed to Bill Stormont by e-mail (bstormont@transitionmetalscorp.com), or by telephone (+1 (778) 868-9571).

Qualified Person

The technical elements of this news release have been approved by Mr. Benjamin Williams, P.Geo. (PGO), Exploration Manager of Transition Metals Corp., and a Qualified Person under National Instrument 43-101.

About Transition Metals Corp.

Transition Metals Corp. (TSXV: XTM,OTC:TNTMF) is a Canadian-based, multi-commodity explorer. Its award-winning team of geoscientists has extensive exploration experience which actively develops and tests new ideas for discovering mineralization in places that others have not looked, often allowing the company to acquire properties inexpensively. Joint venture partners earn an interest in the projects by funding a portion of higher-risk drilling and exploration, allowing Transition to conserve capital and minimize shareholder’s equity dilution.

Further information is available at www.transitionmetalscorp.com or by contacting:

Scott McLean
President and CEO
Transition Metals Corp.
Tel: (705) 667-6178

Cautionary Note on Forward-Looking Information

Except for statements of historical fact contained herein, the information in this news release constitutes ‘forward-looking information’ within the meaning of Canadian securities law. Such forward-looking information may be identified by words such as ‘plans’, ‘proposes’, ‘estimates’, ‘intends’, ‘expects’, ‘believes’, ‘may’, ‘will’ and include without limitation, statements regarding estimated capital and operating costs, expected production timeline, benefits of updated development plans, foreign exchange assumptions and regulatory approvals. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially include, among others, metal prices, competition, risks inherent in the mining industry, and regulatory risks. Most of these factors are outside the control of the Company. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/281788

News Provided by TMX Newsfile via QuoteMedia

This post appeared first on investingnews.com

Here’s a quick recap of the crypto landscape for Monday (January 26) as of 9:00 p.m. UTC.

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

Bitcoin and Ether price update

Bitcoin (BTC) was priced at US$87,515.29, up by 1.2 percent over 24 hours.

Bitcoin price performance, January 26, 2025.

Chart via TradingView

Crypto executives foresee a fragile market ahead of this week’s Federal Reserve meeting, citing tightening liquidity, political uncertainty over Fed leadership and weak spot demand.

‘The crypto market is likely to remain in its current reactive, volatility-driven phase until inflation data prints provide easing signals and the overall macro backdrop allows for a market rally,’ added Farzam Ehsani, co-founder and CEO of crypto exchange VALR.

‘I expect BTC to trade near US$85,000-US$90,000 this week unless a black swan event or a surprise outcome from this week’s macro events drives further volatility. If BTC breaks below US$85,000, capital will likely continue to exit the digital asset market indiscriminately, making a decline towards US$80,000 and a steeper altcoin downturn plausible.’

Ether (ETH) was priced at US$2,899.05, up by 3.4 percent over the last 24 hours.

Altcoin price update

  • XRP (XRP) was priced at US$1.89, up by four percent over 24 hours.
  • Solana (SOL) was trading at US$123.50, up by 4.7 percent over 24 hours.

Today’s crypto news to know

Markup hearing rescheduled

Multiple outlets reported today that a spokesperson for Senator John Boozman (R-AR) said that the Senate Agriculture Committee would reschedule a markup for its version of a crypto market structure bill, called the Digital Commodity Intermediaries Act, from Tuesday (January 27) to Thursday (January 29). The winter storm that cancelled flights and caused transportation issues across a large part of the country over the weekend was cited as a likely reason for the change.

The bill will attempt to establish clear rules for the Commodity Futures Trading Commission (CFTC) over digital assets.

Additionally, the CFTC and US Securities and Exchange Commission issued a joint statement today, also rescheduling a joint event on crypto oversight harmonization to Thursday.

Valour announces UK retail launch

Valour announced it has received permission from UK regulators to sell its yield-bearing BTC and ETH crypto products to everyday retail investors on the London Stock Exchange (LSE), effective immediately.

Both funds are yield-bearing, meaning they participate in ‘staking.’ This allows the funds to earn extra rewards from the underlying crypto networks, which are then added to the value of the investment.

Previously, these products were only available to professional investors in the UK. Now, anyone with a standard UK brokerage account can buy them like a regular stock.

Van Eck launches Avalanche ETF

VanEck said it has launched a new exchange-traded fund (ETF) tracking the price of Avalanche (AVAX) in the US, trading on the Nasdaq Composite (INDEXNASDAQ:.IXIC) under the ticker symbol VAVX.

It is the first US ETF to offer exposure to both the price of the AVAX token and the rewards earned from staking on the Avalanche network.

According to the announcement, VanEck is waiving the management fee for the first US$500 million invested or until February 28, 2026. After that, the fee will be 0.20 percent per year.

Crypto funds see sharpest weekly pullback in months

Digital asset investment products just logged their biggest weekly outflows since November, with investors pulling roughly $1.73 billion from crypto-linked funds, according to CoinShares.

Bitcoin products absorbed the bulk of the selling, shedding about US$1.09 billion, while Ethereum funds lost another US$630 million as risk appetite thinned across the board.

The retreat comes as expectations for near-term interest rate cuts fade and crypto prices struggle to regain momentum. CoinShares said the market has yet to benefit from the “debasement trade” some investors expected amid global fiscal pressures.

Regionally, the selling was overwhelmingly concentrated in the US, while parts of Europe and Canada quietly added exposure on dips.

Bitcoin hovered near US$87,600 at last check, down more than 5 percent on the week, while Ethereum slid close to 10 percent.

The broader market strain also showed up quickly in derivatives, with crypto liquidations climbing toward US$750 million as prices fell over the weekend.

Strategy slows down Bitcoin buying spree

Despite the market slide, Strategy (NASDAQ:MSTR) continued adding to its Bitcoin stash, spending about US$267 million last week to acquire roughly 2,900 BTC.

The purchase marked a clear slowdown from its prior buying spree, when the company spent more than US$3 billion across two weeks. Strategy now holds more than 712,000 BTC, making it the largest corporate holder of the asset by a wide margin.

The latest buy was funded mainly through common stock issuance, alongside additional sales of its STRC preferred shares, which carry an 11 percent annualized cash dividend.

Executive Chairman Michael Saylor has pitched STRC as a yield-focused alternative to cash, with proceeds ultimately flowing back into Bitcoin.

GameStop’s Bitcoin transfer raises exit questions

Speculation swirled after GameStop (NYSE:GME) transferred its entire Bitcoin holding—about 4,710 BTC—to Coinbase Prime, a platform often used for institutional trading and custody.

The transfer, flagged by CryptoQuant, sparked talk that the retailer may be preparing to unwind its Bitcoin treasury experiment. Based on current prices, a full sale could lock in an estimated US$75 million to US$85 million loss, given that GameStop reportedly accumulated the coins near market highs earlier this year.

Currently, the company has not confirmed any sale nor addressed the speculations.

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

Kobo Resources Inc. (‘ Kobo ‘ or the ‘ Company ‘) ( TSX.V: KRI ) intends to complete a non-brokered private placement of 958,306 common shares (the ‘ Common Shares ‘) at a price of $0.30 per Common Share for gross proceeds of $287,491.80 (the ‘ Offering ‘). The Common Shares will be issued pursuant to exemptions from the prospectus requirements in accordance with National Instrument 45-106 Prospectus Exemptions and will be subject to a 4-month statutory hold period in accordance with applicable Canadian securities laws.

The Company intends to use the net proceeds of the Offering for general corporate and working capital purposes.

Closing of the Offering is expected to occur on or about February 3, 2026 (the ‘ Closing ‘), and is subject to certain closing conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange.

The Common Shares have not been registered under the United States Securities Act of 1933, as amended (the ‘ U.S. Securities Act ‘), or any U.S. state securities laws, and may not be offered or sold to, or for the account or benefit of, persons in the ‘United States’ or ‘U.S. persons’ (as such terms are defined in Regulation S under the U.S. Securities Act) absent registration under the U.S. Securities Act and all applicable U.S. state securities laws or compliance with an exemption from such registration requirements. This press release is not an offer to sell or the solicitation of an offer to buy the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification or registration under the securities laws of such jurisdiction.

About Kobo Resources Inc.

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

With over 29,000 metres of diamond drilling, nearly 5,887 metres of reverse circulation (RC) drilling, and 7,100+ metres of trenching completed since 2023, Kobo has made significant progress in defining the scale and prospectivity of its Kossou’s Gold Project. Exploration has focused on multiple high-priority targets within a 9+ km strike length of highly prospective gold-in-soil geochemical anomalies, with drilling confirming extensive mineralisation at the Jagger, Road Cut, and Kadie Zones. The latest phase of drilling has further refined structural controls on gold mineralisation, setting the stage for the next phase of systematic exploration and resource development.

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

NEITHER THE TSXV NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSXV) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Cautionary Statement on Forward-looking Information:

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

View source version on businesswire.com: https://www.businesswire.com/news/home/20260127728466/en/

For further information, please contact:

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

Twitter: @KoboResources | LinkedIn: Kobo Resources Inc.

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Newly granted patent represents a foundational innovation, engineered to deliver high-yield, low-cost, and ultra-pure synthetic fuels, including eSAF

Syntholene Energy Corp. (TSXV: ESAF) (FSE: 3DD0) (‘Syntholene’ or the ‘Company’) announces the issuance of its first U.S. Patent granted by the United States Patent and Trademark Office (the ‘USPTO’) for the Company’s proprietary system for producing high-performance, low-cost, and carbon-neutral synthetic fuels.

This patent, No. US 12,441,674 B2, protects critical intellectual property underlying the Company’s novel Compact Cascade Oligomerizer, engineered for high efficiency fuel synthesis performance using the Methanol-to-Jet process. The design is a unitary vessel with multiple chambers incorporated into a single column, as opposed to current proposed systems that use multiple separate and single purpose reactors to produce saturated linear hydrocarbon chains via methanol synthesis, oligomerisation and hydrogenation in sequence.

The newly granted patent, titled ‘SYSTEM AND METHOD FOR GENERATING SYNTHETIC FUEL,’ secures Syntholene’s rights to a fuel generator and a method for generating fuel in which a Monolithic Block includes a plurality of plates stacked and bonded together. This represents a foundational innovation for delivering high-yield, low-cost, and ultra-pure synthetic fuels, including sustainable aviation fuel (eSAF).

This patent represents a major milestone for Syntholene as we continue to de-risk and protect our next-generation platform for industrial-scale synthetic fuel production,’ said Dan Sutton, CEO of Syntholene. ‘It reinforces our leadership in proprietary, high-efficiency process design, and strengthens our commercial moat as we continue to refine our process components and enhance the efficiency of our integrated supply chain.’

We are proud that the USPTO has recognized this novel approach to high level integration of discrete systems into an efficient unitary solution.’ Said Syntholene Chief Engineer John Kutsch. ‘This patent represents Syntholene’s unique process intensification approach to high-efficiency systems integration.’

This intellectual property covers core reactor architecture and process integration within the Company’s integrated fuel synthesis systems. It describes a key technology designed to maximize fuel yield and product purity from syngas inputs while minimizing unwanted byproducts typical in legacy fuel synthesis reactor systems, and employs the physical proximity of exothermic and endothermic reactions within the same unit to maximize heat integration and utilization.

Syntholene continues to pursue patent protection across North America, Europe, and Asia to secure its differentiated IP position ahead of commercial-scale deployments.

About Syntholene

Syntholene is actively commercializing a new production pathway for low-cost clean fuel synthesis. The target output is ultrapure synthetic jet fuel, manufactured at 70% lower cost than the nearest competing technology. The Company’s mission is to deliver the world’s first truly high-performance, low-cost, and carbon-neutral synthetic fuel at an industrial scale.

Founded by experienced operators across advanced energy infrastructure, nuclear technology, low-emissions steel refining, process engineering, and capital markets, Syntholene aims to be the first team to deliver a scalable modular production platform for cost-competitive synthetic fuel, thus accelerating the commercialization of carbon-neutral efuels across global markets.

For further information, please contact:
Dan Sutton, CEO
comms@syntholene.com
www.syntholene.com
+1 608-305-4835

Investor Relations
KIN Communications Inc.
604-684-6730
ESAF@kincommunications.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.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of applicable securities laws. The use of any of the words ‘expect’, ‘anticipate’, ‘aims’, ‘continue’, ‘estimate’, ‘objective’, ‘may’, ‘will’, ‘project’, ‘should’, ‘believe’, ‘plans’, ‘intends’ and similar expressions are intended to identify forward-looking information or statements. All statements, other than statements of historical fact, including but not limited to statements regarding the patented technology and its intended benefits, the protections afforded by the patent, jurisdictions of patent protection, the commercial benefits of the Company’s intellectual property and patent, the Company’s business plans, commercial scalability, technical and economic viability, anticipated geothermal power availability, and future commercial opportunities, are forward-looking statements.

The forward-looking statements and information are based on certain key expectations and assumptions made by the Company. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct. Since forward-looking statements and information address future events and conditions, by their very nature, they involve inherent risks and uncertainties.

Actual results could differ materially from those currently anticipated due to a number of factors and risks, including, without limitation, Syntholene’s ability to meet production targets, realize projected economic benefits, overcome technical challenges, secure financing, maintain regulatory compliance, manage geopolitical risks, and successfully negotiate definitive terms. Syntholene does not undertake any obligation to update or revise these forward-looking statements, except as required by applicable securities laws.

Readers are advised to exercise caution and not to place undue reliance on these forward-looking statements.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/281718

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(TheNewswire)

   

January 27th, 2026 TheNewswire Muskoka, Ontario Steadright Critical Minerals Inc. (CSE: SCM,OTC:SCMNF) (‘Steadright’ or the ‘Company’), a resource exploration company focused on near-term production announces a Letter of Intent (LOI) with a first right of refusal to acquire up to 60% of SilverLine Mining Sarl, a Moroccan company with a binding Memorandum of Understanding (MOU) on a Licensed Mineral Claim property which is the License Holder of # 3843117 in the Regional Mining Area of Errachidia within the Kingdom of Morocco.  

 

LOI Terms

 

Steadright’s non-binding LOI with SilverLine Mining Sarl has up to a three-month Due Diligence (DD) period before a definitive agreement. The definitive agreement will give 5,500,000 Common Shares of Steadright to the owner of Mining License # 3843117 for up to 60% SilverLine Mining Sarl. The Mining License holder will retain 25% carried cost with SilverLine retaining 75% of the Mining Claim that currently holds an existing Mining License. This is an arm’s length transaction and the non-binding LOI was signed on January 26th, 2026.

 

Geology

 

The SilverLine property is located in the Regional Mining Area of Errachidia within the Eastern High Atlas Haute Moulouya plateau and is widely recognized as part of the Moulouya lead metallogenic province. Based on the February 21, 2022 report, ‘ETUDE GEOLOGIQUE DU PROJET MINIER OBJET DU PERMIS D’EXPLOITATION, POLYMÉTALLIQUE À BARYTINE, FLUORINE ET PLOMB’  by Kharmouch Sahar,  mineralization is structurally controlled in a system tightly linked to NE/SW-oriented faults and fractures that affect the basement, the lower part, and the cover rocks. These structures create a highly fractured zone where lead, fluorite, and barite mineralization occurs are concentrated. According to ONHYM, 30% of global silver production comes from lead–zinc mines, and Morocco’s silver often occurs as a byproduct in Pb–Zn districts.

Qualified Person

Mr. Robert Palkovits, P. Geo., VP Exploration for Steadright and a Qualified Person as defined under National Instrument 43101, has reviewed the scientific and technical information contained in this news release and has approved its disclosure. The QP has not yet verified all geological information reported herein, which is based in part on historical data and government sources. Additional verification work, including site visits, sampling, and review of original records, is planned.

Steadright CEO, Matt Lewis, states, ‘I am extremely pleased with the SilverLine Mining LOI. We think it can add a lot to our company, especially with an active Mining Licence. Our Canadian and Moroccan teams are working very hard at the needed due diligence.’

Atrium Research Engagement

Steadright is pleased to announce it has engaged the services of Atrium Research Corporation, a leading company sponsored research firm. Atrium will publish various research reports on Steadright based on publicly available information, industry data, and discussions with management. Atrium will also host three recorded interviews with Steadright’s management team to present the investment case in an interview format. In exchange for its research services, Atrium will receive cash compensation in the amount of $13,500 per quarter for the services listed above. The services will be provided for 12 months beginning on February 1, 2026. At the end of the Term, the agreement will be deemed to remain in place and be extended on a quarter-to-quarter basis at $13,500 per quarter, unless otherwise agreed to by the parties or the agreement is terminated by either party.

Atrium and the Company are arm’s-length parties, and neither Atrium nor its insiders holds any shares or options to purchase shares in the issued and outstanding capital of the company.

About Atrium Research

Atrium Research provides institutional quality company sponsored research on public equities in North America. Its investment philosophy takes a 3-5 year view on equities currently being overlooked by the market. Its research process emphasizes understanding the key performance metrics for each specific company, trustworthy management teams, and an in-depth valuation process. Atrium Research is wholly owned and operated by its Co-Founders, Ben Pirie and Nicholas Cortellucci.

ABOUT Steadright Critical Minerals INC.

 

Steadright Critical Minerals Inc. is a mineral exploration company established in 2019. Steadright has been focusing on finding exploration and historical mining projects that can be brought into production within the Moroccan critical mineral space. Steadright currently has exposure through a Moroccan entity known as NSM Capital Sarl, with over 192 sq KMs of mineral exploration claims called the TitanBeach Titanium  Project and the Copper Valley Mineral Claim, found in the Kingdom of Morocco. Steadright has also recently signed an MOU for the historic Goundafa Mine within Morocco, which holds a current Mining License.

 

ON BEHALF OF THE BOARD OF DIRECTORS

For further information, please contact:

 

Matt Lewis

CEO & Director

Steadright Critical Minerals Inc.

 

Email: enquires@steadright.ca

Tel: 1-905-410-0587

www.steadright.ca

 

Neither the Canadian Securities Exchange (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.

 

Forward-looking information is subject to known and unknown risks, ‎uncertainties and other factors which may cause the actual results, level of activity, performance or ‎achievements of Steadright to be materially different from those expressed or implied by such forward-‎looking information. Such risks and other factors may include, but are not limited to: there is no ‎certainty that the ongoing programs will result in significant or successful ‎exploration and ‎development of Steadright’s properties; uncertainty as to ‎the actual results of exploration and ‎development or operational activities; uncertainty as to the availability and terms of ‎future financing on ‎acceptable terms; uncertainty as to timely availability of permits and other governmental approvals; ‎general business, economic, competitive, political and social uncertainties; capital market conditions ‎and market prices for securities, junior market securities and mining exploration company securities; ‎commodity prices; the actual results of current exploration and development or operational activities; ‎competition; changes in project parameters as plans continue to be refined; accidents and other risks ‎inherent in the mining industry; lack of insurance; delay or failure to receive board or regulatory ‎approvals; changes in legislation, including environmental legislation or income tax legislation, affecting ‎Steadright; conclusions of economic evaluations; and lack of qualified, skilled labour or loss of key ‎individuals.

 

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the ‎securities in the United States. The securities have not been and will not be registered under the United ‎States Securities Act of 1933, as amended (the ‘U.S. Securities Act‘) or any state securities laws and ‎may not be offered or sold within the United States or to, or for the account or benefit of, U.S. Persons ‎unless registered under the U.S. Securities Act and applicable state securities laws, unless an ‎exemption from such registration is available.‎

 

Copyright (c) 2026 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

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President Donald Trump on Thursday filed a $5 billion lawsuit against JPMorgan Chase and its CEO Jamie Dimon, claiming that the bank improperly closed his accounts for political reasons.

‘While we regret President Trump has sued us, we believe the suit has no merit,’ a JPMorgan Chase spokesperson said. ‘We respect the President’s right to sue us and our right to defend ourselves – that’s what courts are for.’

The suit accuses the bank of libel and breach of implied covenant of good faith and fair dealing. It also says the bank and its chief executive violated Florida trade practices laws.

The suit says Trump held ‘several’ accounts at the firm which were closed.

On Feb. 19, 2021, shortly after the Jan. 6 Capitol Hill riot, the bank notified Trump that the accounts would be closed within two months, the suit also says.

The lawsuit adds to a still-growing list of legal efforts from Trump directed at a wide variety of institutions — from media outlets to tech platforms — many of which have resulted in multimillion-dollar settlements. The president’s company, the Trump Organization, sued Capital One Bank last year over allegations of improper account closures. Capital One said at the time that the allegations have no merit.

Dimon, as head of JPMorgan Chase, the nation’s largest bank, is among the most influential people in the business world and someone who has been courted for years by Republicans and Democrats. In the run-up to the 2024 election, Trump falsely claimed that Dimon had endorsed him.

Dimon has at times been critical of some Trump policies — most notably inflation — while supportive of others, including efforts to streamline the U.S. government.

On Wednesday, Dimon criticized the Trump administration over its immigration policies.

‘I don’t like what I’m seeing,’ Dimon told attendees at the World Economic Forum in Davos, Switzerland. Dimon also said that while he doesn’t agree with everything the administration does, he does agree with some of its economic policies.

On Saturday, Trump threatened the lawsuit in a Truth Social post. Over the weekend, JPMorgan Chase said it appreciated ‘that this administration has moved to address political debanking and we support those efforts.’

Almost exactly one year ago, Trump used an address at the World Economic Forum to take a shot at JPMorgan and its competitor, Bank of America.

‘I hope you start opening your bank to conservatives because many conservatives complain that the banks are not allowing them to do business,’ Trump said.

“You and Jamie and everybody, I hope you’re going to open your banks to conservatives because what you’re doing is wrong,” Trump said.

Bank of America said that it serves over 70 million consumers and does not close accounts for political reasons. JPMorgan says that it also serves tens of millions of accounts and likewise does not close accounts on political grounds.

In an expletive-laden interview with CNBC last year, Trump vented his frustrations at big banks that close accounts for legal and regulatory reasons.

‘I had JPMorgan Chase — I had hundreds of millions of dollars in cash,’ Trump told the cable network on Aug. 5. ‘I was loaded up with cash, and they told me, ‘I’m sorry, sir, we can’t have you.”

Trump says he was informed he had 20 days to move his assets out of the bank. ‘I said, ‘You got to be kidding. I’ve been with you for 35, 40 years,” the president recounted.

Trump said, ‘then what happens is I call a Bank of America.’

‘And they have zero interest,’ he said. CEO Brian Moynihan ‘was kissing my a– when I was president, and when I called him after I was president to deposit a billion dollars plus and a lot of other things … and he said, ‘we can’t do it.”

The JPMorgan Chase spokesperson said Thursday that the bank ‘does not not close accounts for political or religious reasons. We do close accounts because they create legal or regulatory risk for the company.’

Trump was indicted multiple times after his first term in office. In 2024, he was indicted on charges that he conspired to defraud the United States, conspiracy to to obstruct an official proceeding, obstruction of and attempt to obstruct an official proceeding and conspiracy against rights.

In recent years, banks have faced intense pressure from conservatives leveling ‘debanking’ claims against them. However, banks and their lobbying groups have long maintained that they do not close accounts for political or religious reasons, but they close accounts based primarily on legal or regulatory grounds.

Trump’s administration has sought to ease those regulations in order to make it harder for a bank to close a customer’s account. In August, Trump signed an executive order which sought to end ‘politicized or unlawful debanking activities.’

In September, the Office of the Comptroller of the Currency, one of the top banking regulators, began a review of banking rules to ‘depoliticize the banking system.’

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A battleground district House Republican is wading into the redistricting war that has seized the U.S. with his own new proposal to crack down on ‘partisan gamesmanship.’

Rep. Mike Lawler, R-N.Y., has introduced a bill called the Fair Apportionment and Independent Redistricting for Maps that Avoid Partisanship (FAIR MAP) Act, which would impose new guardrails on the process of changing congressional districts across all 50 states.

The bill would bar states from drawing districts for or against a specific political party or candidate and ban the creation of new congressional maps more than once a decade following the U.S. census.

It comes as election watchers eye Virginia and Maryland as the latest states whose Democrat-led legislatures could move to redraw their congressional boundaries ahead of the 2026 midterm elections.

Earlier this month, a state Supreme Court judge in Lawler’s own home turf of New York ruled that New York City’s lone Republican-held district is unconstitutional and must be redrawn — handing potentially a consequential win to Democrats.

Lawler said of Democrats’ push in his state, ‘[Gov. Kathy Hochul] and [House Minority Leader Hakeem Jeffries’] scheme to redraw New York’s congressional districts months before an election is a blatant power grab and misuse of public office.’

The growing redistricting war was kicked off last year when Texas’ GOP-led legislature approved a new congressional map that could give Republicans as many as five new seats in the House of Representatives come the November elections.

Redistricting normally occurs every 10 years after the U.S. census is taken to ensure that seats in the House are reflective of each state’s population. And while there’s a patchwork of state laws aimed at blocking those districts from being redrawn along partisan lines, there is no current federal standard.

In addition to banning mid-decade redistricting in most cases and creating a federal gerrymandering standard, Lawler’s bill would also create a host of new provisions dictating how those populations are ultimately counted and how disputes can be resolved.

The bill would block state and local courts from legal redistricting fights, for example, leaving it to federal judges to weigh in on those fights.

It would also mandate that just U.S. citizens are counted toward state populations when creating new maps — something that could take a significant amount of power away from sanctuary jurisdictions that can currently factor numbers of illegal immigrants who cannot vote when apportioning districts.

The legislation also includes new electoral provisions like barring ranked-choice voting in federal elections, requiring photo ID for voting in those elections, and banning same-day registration in federal elections.

Lawler was among the House Republicans who forcefully came out against the growing redistricting war last summer, when leaders in Texas and California were going toe-to-toe with threats to redraw their maps.

But it does not appear likely as of now that his bill will get taken up for a House-wide vote, given House GOP leaders’ prior insistence that redistricting is a states’ issue.

‘Voting rights and equal representation only work if the system itself is fair, transparent, and trusted. My FAIR MAP Act puts clear guardrails around congressional redistricting, ends mid-decade political map rigging, and ensures that federal elections reflect the voices of lawful voters, not partisan gamesmanship,’ Lawler told Fox News Digital. ‘Every voter deserves confidence that the system is fair and that their vote counts the same as anyone else’s.’

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Speaking to global leaders in Davos, Switzerland, Ukrainian President Volodymyr Zelenskyy delivered a blunt warning to Europe about its self-defense.  

‘Europe needs to know how to defend itself,’ he said, arguing that the continent still isn’t ready to stand on its own without U.S. backing.

Zelensky’s remarks reflected a growing anxiety across Europe — that decades of reliance on American protection left the continent ill-prepared for a more dangerous era. While European countries have contributed troops, weapons and money to conflicts from Afghanistan to Ukraine, the ultimate backstop for NATO’s security has remained Washington.

President Donald Trump has openly challenged that assumption, repeatedly warning NATO allies that U.S. protection should not be taken for granted, and insisting the U.S. needed to take Greenland from Denmark

Before he ruled out the use of force to wrest control of the island, European officials had worried about a military dust-up between Western powers would mean the end of NATO.

‘Maybe we should have put NATO to the test: Invoked Article 5, and forced NATO to come here and protect our Southern Border from further Invasions of Illegal Immigrants, thus freeing up large numbers of Border Patrol Agents for other tasks,’ Trump mused on Truth Social Thursday.

Trump’s suggestion that the U.S. may not defend allies that fail to invest in their own security rattled the alliance and pushed European governments to pledge sharp increases in defense spending.

Even so, European leaders continue to acknowledge how central U.S. power remains to NATO’s defense. NATO Secretary General Mark Rutte has pointed to the American nuclear umbrella as the alliance’s ‘ultimate guarantor,’ alongside a strong U.S. conventional presence in Europe.

‘We are still having a strong, conventional U.S. presence in Europe,’ Rutte said, ‘and, of course, the nuclear umbrella as our ultimate guarantor.’

Security analysts say that long-standing guarantee shaped Europe’s choices over time.

‘For much of the post–Cold War period, it is fair to say that Europeans underinvested in defense, partly because threats were low, and partly because a series of U.S. presidents did everything they could to convince Europeans that we would stay there forever,’ Barry Posen, a professor of political science at MIT, told Fox News Digital.

‘Trump was right to argue that Europeans have been slow to fix up their forces as the situation changed — as Russia pulled itself back together and became more demanding and threatening, and as China also grew its power,’ Posen said.

But Posen warned that driving a wedge inside NATO carries risks. ‘The problem Trump faces is that ‘conditional commitments’ make challenges more likely,’ he said. ‘And then we would still have to decide what to do. As a great power, in the event of an actual challenge, we might not wish to look weak.’

Over time, those choices carried political consequences. With American power serving as the backstop, defense spending was easier to restrain than politically popular domestic subsidies such as healthcare, pensions and education, which became entrenched in European politics.

As defense demands rise, governments are running into those constraints. In Italy, officials have warned that boosting military spending to meet NATO commitments would strain an already tight budget, where pensions and social benefits account for a large share of public spending.

Germany found a way to buy time. After Russia’s invasion of Ukraine, Berlin created a €100 billion special defense fund — financed through new borrowing and kept outside the regular budget — to rebuild its military without immediately cutting other spending. The move jump-started rearmament while shielding popular social programs from near-term cuts. But the fund is temporary. Once it runs out, sustaining higher defense spending will require permanent budget decisions inside a system built around strict fiscal rules and expansive social commitments.

John Byrne of Concerned Veterans for America said Europe’s dependence on the United States runs deeper than defense budgets. Even as European governments pledge more spending, Byrne said they still lack the senior-level experience needed to run NATO operations without U.S. leadership.

‘They don’t have the experience,’ Byrne said, pointing to the fact that large, multinational military commands have overwhelmingly been led by American generals for decades. ‘That institutional knowledge still sits almost entirely with the United States.’

Byrne said that gap matters in a crisis. Running complex, coalition military operations requires years of practice at the highest levels, he said — something that cannot be fixed quickly, even with higher spending.

‘You can buy equipment,’ Byrne said. ‘You can’t instantly buy command experience.’

During his address at Davos on Thursday, Zelenskyy questioned whether Europe has the power  or the will  to act independently if assumptions about U.S. protection change.

‘Europe still feels more like geography, history, tradition, not a real political force, not a great power,’ Zelenskyy said.

He warned that European leaders continue to plan around expectations that may no longer hold. ‘To believe that the United States will act, that it will not stand aside and will help,’ Zelenskyy said. ‘But what if it doesn’t? This question is everywhere in the minds of European leaders.’

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The World Health Organization on Saturday warned that America’s withdrawal from the agency will make the country and the world ‘less safe.’

The globalist body said in part of a January 24 statement that it ‘regrets the United States’ notification of withdrawal from WHO – a decision that makes both the United States and the world less safe.’ 

‘We hope that in the future, the United States will return to active participation in WHO,’ the statement noted.

The U.S. announced its withdrawal from the WHO last week, after President Donald Trump got the ball rolling on his first day back in office last year.

‘Today, the United States withdrew from the World Health Organization (WHO), freeing itself from its constraints, as President Trump promised on his first day in office by signing E.O. 14155,’ U.S. Secretary of State Marco Rubio and Secretary of Health and Human Services Secretary Robert F. Kennedy Jr. said in part of a January 22, 2026, joint statement.

‘Going forward, U.S. engagement with the WHO will be limited strictly to effectuate our withdrawal and to safeguard the health and safety of the American people. All U.S. funding for, and staffing of, WHO initiatives has ceased,’ their statement said.

They claimed the WHO ‘pursued a politicized, bureaucratic agenda driven by nations hostile to American interests.’ But the WHO pushed back.

‘This is untrue. As a specialized agency of the United Nations, governed by 194 Member States, WHO has always been and remains impartial and exists to serve all countries, with respect for their sovereignty, and without fear or favor,’ the WHO said in its statement.

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