Breaking
Deals Catchers
Author

admin

Browsing
Investing

Genesis Moves to Acquire Magnetic in US$450 Million Deal, Boosts Laverton Growth Strategy

Genesis Minerals (ASX:GMD,OTCPL:GSISF) has struck a recommended deal to acquire Magnetic Resources (ASX:MAU) in a transaction that would add more than 2 million ounces of high-grade gold to its Laverton inventory and reshape its production growth outlook in Western Australia.

Under a binding Scheme Implementation Deed announced Tuesday (February 17), Genesis will acquire 100 percent of Magnetic via a court-approved scheme of arrangement. The offer values Magnetic at approximately US$450 million on a fully diluted basis.

At the centre of the deal is Magnetic’s flagship Lady Julie gold project in the Laverton region, which hosts a mineral resource of approximately 2.2 million ounces grading 1.8 grams per tonne (g/t) gold, and ore reserves of around 1 million ounces at 1.7 g/t. The project sits roughly 20 kilometres from Genesis’ operating 3 million tonne per annum Laverton mill.

“This transaction creates substantial value for both groups of shareholders, delivering genuine synergies while combining the right assets with the right people,” Genesis Executive Chair Raleigh Finlayson said.

“Magnetic’s Lady Julie Gold Project will add more than 2Moz at an attractive high grade to Genesis’ Laverton inventory, further bolstering the mine life and production outlook.”

Lady Julie’s northern boundary adjoins ground recently acquired by Genesis through its purchase of Focus Minerals’ (ASX:FML,OTCPL:FCSUF) Laverton gold project, creating the potential to integrate what would otherwise be neighbouring standalone developments into a larger open pit operation.

Genesis said removing tenement boundaries between the assets presents tangible cost and operational synergies. The acquisition would expand its Laverton mineral resources to approximately 8.4 million ounces, representing a 40 percent increase, and lift its pro forma total mineral resources to 21 million ounces.

The company signaled that the deal could support an uplift to its “ASPIRE 500” growth strategy, with an updated multi-year plan expected following completion.

Magnetic Managing Director George Sakalidis said the deal follows a strategic review exploring development pathways for Lady Julie: “Genesis’ offer follows a strategic review which the Board and its advisers have been working on for several years to explore potential options to collaborate with other operators which have the existing skill set or combination synergies to develop Magnetic’s discoveries and unlock value for our shareholders.’

If implemented, Magnetic shareholders would own approximately 2.4 percent of the enlarged Genesis. Major shareholders representing about 19.6 percent of Magnetic’s issued shares have already committed to vote in favour of the scheme, subject to customary conditions.

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

This post appeared first on investingnews.com

Keep Reading
Investing

Sranan Provides Update on Late Filing of Financial Statements

Sranan Gold Corp. (CSE: SRAN,OTC:SRANF) (OTCQB: SRANF) (‘Sranan’ or the ‘Company’) continues to work towards the filing of its annual audited financial statements, management’s discussion and analysis, and CEO and CFO certifications for the fiscal year ended September 30, 2025 (the ‘Required Filings’).

The previously identified transactional complexities have been addressed, and the review of the transactions is ongoing. The principal remaining items relate to transaction accounting testing and clarification of VAT treatment in Suriname, with other minor items including tax provision calculations, confirmations, and procedural documentation. As the audit has progressed, the volume of supporting documentation has increased and is being provided to the auditor, resulting in outstanding audit items representing approximately 18%. Sranan remains in ongoing communication with its auditor to confirm any remaining documentation requirements and has committed to providing any outstanding materials promptly upon request. Sranan anticipates that the audited financial statements will be completed and filed on or before February 27, 2026.

The Required Filings were due to be filed by January 28, 2026. In connection with the anticipated delays in making the Required Filings, the Company made an application for a Management Cease Trade Order (‘MCTO‘) under National Policy 12-203 Management Cease Trade Orders (‘NP 12-203‘) to the Alberta Securities Commission, as principal regulator for the Company, and the MCTO was issued on January 29, 2026. The MCTO restricts all trading by the Company’s CEO and CFO in securities of the Company, whether direct or indirect. The issuance of the MCTO does not affect the ability of persons who are not directors, officers or insiders of the Company to trade their securities. The MCTO will remain in effect until the Required Filings are filed or until it is revoked or varied.

The Company currently expects to file its interim first-quarter financial statements on or before the applicable filing due date.

Both the Company and its auditors are working diligently towards the completion and filing of the Required Filings, and the Company will provide additional updates.

The Company confirms that it intends to satisfy the provisions of the alternative information guidelines described in NP 12-203 by issuing bi-weekly default status reports in the form of a news release until it meets the Required Filings requirement. The Company has not taken any steps towards any insolvency proceeding and the Company has no material information relating to its affairs that has not been generally disclosed.

For further information with respect to the MCTO, please refer to the Company’s news releases dated January 21, 2026, and February 4, 2026, available for viewing on the Company’s SEDAR+ profile at www.sedarplus.ca.

About Sranan Gold

Sranan Gold Corp. is engaged in the business of mineral exploration and the acquisition of mineral property assets in Suriname and Canada. The Company’s flagship Tapanahony Project covers 29,000 hectares in one of Suriname’s most prolific artisanal gold mining districts.

For more information, please visit http://www.sranangold.com.

For further information, please contact:
Oscar Louzada, CEO
+31 6 25438975

THE CANADIAN SECURITIES EXCHANGE HAS NOT APPROVED NOR DISAPPROVED THE CONTENT OF THIS PRESS RELEASE.

Forward-looking statements

Certain statements made and information contained herein may constitute ‘forward-looking information’ and ‘forward-looking statements’ within the meaning of applicable Canadian and United States securities legislation. These statements and information are based on facts currently available to Sranan and there is no assurance that the actual results will meet management’s expectations. Forward-looking statements and information may be identified by such terms as ‘anticipates,’ ‘believes,’ ‘targets,’ ‘estimates,’ ‘plans,’ ‘expects,’ ‘may,’ ‘will,’ ‘could’ or ‘would.’

This news release contains forward-looking statements, including, but not limited to, statements regarding management’s expectations about obtaining the MCTO and completing the Required Filings within the anticipated timeline. Forward-looking statements are subject to various risks, uncertainties, and other factors that could cause actual results or events to differ materially from those expressed or implied by such statements. Sranan does not undertake any obligation to update forward-looking statements or information, except as required by applicable securities laws. For more information on the Company, investors should review the Company’s continuous disclosure filings that are available at www.sedarplus.ca.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/284465

News Provided by TMX Newsfile via QuoteMedia

This post appeared first on investingnews.com

Keep Reading
Investing

Christopher Aaron: Gold, Silver Going Higher — This Cycle Ends in Mania

Christopher Aaron, founder of iGoldAdvisor and Elite Private Placements, explains where gold and silver are in the current cycle and what his strategy looks like now.

‘This cycle is going to end in a mania,’ he said. ‘You want to position not when the mania is unfolding, but when it gets quiet, and I think we’re in one of those windows now to be positioning.’

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

This post appeared first on investingnews.com

Keep Reading
Investing

Precious Metals Price Update: Gold, Silver, PGMs Face Another Bumpy Week

Precious metals prices continued to face downward pressure this week as investors took strong US economic data and a changing geopolitical landscape into consideration.

After climbing to fresh all-time highs at the start of 2026, a myriad of factors in February have seemingly taken the sails out gold, silver and platinum prices. However, the underlying fundamentals for the precious metals remain strong, resulting in a resiliency that lends optimism to higher price points to come in 2026.

Let’s take a look at what got spot prices moving over the past week.

Gold price

Gold hit a record high of close to US$5,600 per ounce at the end of January before sliding into one of the largest price drops in decades, dipping as low as US$4,400 as February kicked off.

Over the past week, the metal has oscillated between slumps and cautious recovery. The spot price lost the battle to remain above the key US$5,000 mark in morning trading on February 12, falling to an intraday low of US$4,907.41. February 13 saw gold rebound slightly and trade in a tight range between US$5,000 and US$5,040.

Gold couldn’t hold that level on Monday (February 16), and the next day it began sliding below the US$4,900 support level. Wednesday (February 18) brought some relief, with gold once again fighting to stay above US$5,000.

Gold price chart, February 12, 2026 to February 18, 2026.

The primary drivers for gold this past week are:

      • Seasonal liquidity is also at play this week as the Lunar New Year holiday, which runs from February 16 to 23, typically results in lower trading volumes.

      In other gold news, the 2026 TSX Venture 50 list was released on Wednesday, with several gold companies named as top performers. The top five gold stocks on the list are: 1911 Gold (TSXV:AUMB,OTCQB:AUMBF), TDG Gold (TSXV:TDG,OTCQX:TDGGF), Omai Gold Mines (TSXV:OMG,OTCQB:OMGGF), Prospector Metals (TSXV:PPP,OTCQB:PMCOF) and Goldgroup Mining (TSXV:GGA,OTCQX:GGAZF).

      Silver price

      Silver has broadly tracked gold’s price movements over the past week.

      However, the white metal has exhibited significantly higher volatility, and the silver spot price is far outside of striking range of its all-time high of more than US$121 per ounce, which it reached on January 29.

      Silver fell by more than 9 percent on February 12 as it followed gold on the downtrend, falling from around US$83 to US$75. On Friday the 13th, silver managed not to scare investors as it traded mostly sideways at the US$77 level.

      For most of Monday and Tuesday (February 17), silver continued to limp along this trend line, but has managed to gain ground, rising from the US$75 level to an intraday high of US$78.24 as of 11:00 a.m. PST on Wednesday.

      Silver price chart, February 12, 2026 to February 18, 2026.

      In addition to the macro factors influencing gold, volatility in the silver market has also come from the ups and downs in the artificial intelligence (AI) sector. Silver, the most electrically and thermally conductive metal on the planet, is considered a key material for AI tech, particularly in data centers and high-performance computing.

      Over the past week, the Global X Artificial Intelligence & Technology ETF (NASDAQ:AIQ) has slid from approximately US$50.55 to US$49.94 as of midday on Wednesday, reflecting broader weakness in the sector.

      In other silver news, in its latest annual outlook, published on February 10, the Silver Institute reported that it expects macroeconomic and geopolitical conditions to remain broadly supportive for silver in 2026.

      Platinum price

      On February 12, platinum was trading as high as US$2,136 per ounce in early morning trading, but soon followed its precious metals sisters on a downward slide to an intraday low of US$1,982.50. The metal was back above US$2,070 the next day, and for the first part of this week it’s managed to trade above the US$2,000 level.

      Wednesday was a recovery day for platinum as it reached an intraday high of US$2,122.90 as of 11:00 a.m. PST.

      Platinum price chart, February 12, 2026 to February 18, 2026.

      Platinum is one of the top-performing metals over the past year, reaching 12 year highs in recent weeks. Demand is being driven by the metal’s essential role in the emerging hydrogen economy. It’s also still seeing robust demand from the auto sector despite the emergence of electric vehicles and uneasy consumer confidence in the economy.

      On the supply side, global platinum reserves remain critically low, especially as the world’s biggest producer, South Africa, continues to be plagued by power shortages and operational disruptions.

      This week, Johnson Matthey (LSE:JMAT,OTCPL:JMPLF), Sibanye-Stillwater (NYSE:SBSW) and Valterra Platinum (LSE:VALT,JSE:VAL,OTCPL:AGPPF) launched a multimillion-dollar partnership to develop new platinum-group metals clean energy and industrial technologies outside of the auto sector.

      Palladium price

      Palladium has been the black sheep of the precious metals family for the past few years, remaining well below its March 2022 all-time record of US$3,440.76 per ounce.

      On February 12 it followed the precious metals pack down from US$1,741 to as low as US$1,664.

      After a rebounding above to US$1,783 level on Monday, the following trading today brought much volatility to the metal, which traded in the US$1,670 to US$1,720 range. Platinum managed to to make gains to the upside on Wednesday with an intraday high of US$1,774 as of 11:00 a.m. PST.

      Palladium price chart, February 12, 2026 to February 18, 2026.

      The palladium price is being held down by a slump in demand for electric vehicles and a looming oversupply situation. Analysts at Heraeus Precious Metals predict that the palladium market may move into a surplus in 2026 as secondary supply from recycling increases by 10 percent.

      On that note, an announcement shaping the outlook for palladium on the supply side this past week came from the US Department of Commerce, which issued a preliminary statement of support for anti-dumping duties of approximately 133 percent on unwrought Russian palladium imports.

      This follows a petition from Sibanye-Stillwater over allegations that Russian metal is being sold in the US at less than fair value. A final decision is expected in the case by June of this year.

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

      This post appeared first on investingnews.com

      Keep Reading
      Business

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

      This post appeared first on NBC NEWS

      Keep Reading
      Business

      Warner Bros. Discovery reopens talks with Paramount

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

      This post appeared first on NBC NEWS

      Keep Reading
      Investing

      Earthwise Minerals

      Investor Insight

      Earthwise Minerals is a data-driven Canadian gold explorer advancing the fully permitted Iron Range gold project in southeastern British Columbia. Backed by more than $8 million in historical data and a 51.6 million-share structure, the company offers strong leverage to discovery. A staged earn-in and defined drill targets position Earthwise for efficient, high-impact exploration.

      Overview

      Earthwise Minerals (CSE:WISE,FSE:966) is a Vancouver-based exploration company focused on advancing the Iron Range Gold Project in southeastern British Columbia. The project lies within the Purcell Supergroup along the Iron Mountain Fault Zone, a major regional structure in the same metallogenic belt as the historic Sullivan deposit, providing a strong geological context for structurally hosted gold-dominant mineralization.

      The company’s strategy centers on integrating historic datasets with modern exploration technologies to efficiently generate drill-ready targets. More than $8 million in historical exploration work — including airborne geophysics, soil geochemistry and drilling — gives Earthwise a significant technical head start and reduces early-stage exploration risk.

      Earthwise controls its flagship project through an option agreement with Eagle Plains Resources, allowing it to prioritize exploration spending over acquisition costs. This staged structure provides a disciplined pathway toward discovery while preserving capital.

      Company Highlights

      • Tight Capital Structure:51.6 million shares fully diluted, providing strong leverage to exploration success without excessive dilution
      • District-Scale Flagship Asset: The Iron Range Gold Project spans 21,437 hectares along a major regional structure with more than 50 kilometres of strike length
      • Extensive Historic Database: Over $8 million in past geophysics, geochemistry and drilling creates a robust dataset for modern targeting
      • Low-Cost Earn-In: Option to earn 70 percent interest over four years through staged payments and exploration totaling $4 million, plus a further 10 percent (to 80 percent) for a $1-million payment within 120 days
      • Infrastructure Advantage: Property is road accessible, crossed by Highway 3 and serviced by rail, power, natural gas and water
      • Advanced Permitting: Multi-year area-based permit allows drilling, trenching, geophysics and road access without annual approvals
      • Experienced Leadership: Management and board combine technical discovery experience, capital markets expertise and digital strategy capabilities

      Key Project

      Iron Range Gold Project

      The Iron Range Gold Project is Earthwise’s flagship asset, covering 21,437 hectares just northeast of Creston, British Columbia. The property is underlain by the Iron Mountain Fault Zone and hosts structurally controlled mineralization associated with a key stratigraphic horizon known as the Lower–Middle Aldridge Contact. Infrastructure is exceptional, with Highway 3 crossing the project, rail access via Canadian Pacific, power supplied by BC Hydro and nearby natural gas and water.

      Historic exploration has outlined multiple mineralized zones supported by geophysical and geochemical anomalies. A 2004 VTEM survey identified conductive trends coincident with the fault zone, while soil surveys defined multi-element anomalies including arsenic, lead, zinc and gold. Induced polarization surveys completed in 2017 outlined a down-plunge chargeability anomaly at the Talon/Canyon Zone, later confirmed by drilling in 2018.

      Mineralization styles are polymetallic but gold dominant, occurring within brittle shear and breccia zones ranging from one metre to several tens of metres wide. Historic drill intercepts include:

      • 56.5 m grading 1.9 g/t gold, 0.44 percent lead, 0.59 percent zinc and 19.7 g/t silver
      • 14.0 m grading 5.1 g/t gold, 1.86 percent lead, 2.1 percent zinc and 75.3 g/t silver
      • 2.0 m grading 12.8 g/t gold, 4.18 percent lead, 5.06 percent zinc and 122.5 g/t silver

      Recent fieldwork has also returned surface samples grading up to 13.4 g/t gold, 27.2 g/t silver and 2.7 percent lead, supporting the project’s discovery potential. Mineralization remains open along strike and at depth, with overlapping geophysical and geochemical vectors indicating potential for additional shoots.

      Project Highlights

      • 21,437 hectare district-scale land package
      • More than 50 km of prospective structural strike
      • Over $8 million in historical exploration data
      • Fully permitted for multi-year drilling and exploration
      • Phase 1 drill program (~2,500 m) planned to test down-plunge extensions and parallel structures
      • Earn-in to 80 percent ownership with only a 1 percent NSR retained on part of the property

      Management Team

      Mark Luchinski — Chief Executive Officer and Corporate Director

      Mark Luchinski is an entrepreneur and capital markets specialist with two decades of experience managing public companies and advancing exploration assets. He has guided multiple firms through financings, acquisitions, exploration programs and listings. He also serves as a director of Aeonian Resources.

      Mateo Arcila — Director

      Mateo Arcila is an engineer with over 10 years of experience in business development and digital strategy. He oversees corporate outreach, digital initiatives and investor engagement for Earthwise. His background includes marketing analytics, data strategy and international business.

      Karen Mate – Director

      Karen Mate is a senior capital markets professional with more than 30 years of experience in the Canadian investment industry, specializing in institutional equity sales and capital markets advisory. She has held senior roles at leading investment banks, including Director of Global Institutional Equity Sales at Scotia Capital, as well as leadership positions at Casimir Capital, Dundee Capital Markets, Marleau Lemire Securities and National Bank Financial. Known as a trusted advisor to institutional investors and corporate management teams, she has guided clients across multiple market cycles with strategic market insight and execution expertise.

      Ikavinder Deol — Chief Financial Officer

      Ikavinder Deol is a CPA with more than six years of experience in financial reporting and compliance for junior mining companies. She specializes in IFRS reporting and regulatory filings. She is also affiliated with Cross Davis & Company, which focuses on public resource issuers.

      Andy Randell – Geological Advisor

      Andy Randell, P.Geo, is a professionally registered geoscientist with more than 20 years of experience spanning mineral exploration, technical leadership, consulting and industry governance. He has held senior geological roles on gold-focused projects in Canada and internationally, including project geologist and chief geologist positions, and brings expertise from grassroots through advanced-stage exploration. His work emphasizes structural geology, disciplined target generation and responsible exploration practices.

      This post appeared first on investingnews.com

      Keep Reading
      Investing

      Prismo Metals to Host Webinar on February 26th, 2026

      (TheNewswire)

      Vancouver, British Columbia TheNewswire – February 16th, 2026 Prismo Metals Inc. (the ‘Company’) (CSE: PRIZ,OTC:PMOMF) (OTCQB: PMOMF) is pleased to invite investors and other interested parties to attend the Company’s upcoming live webinar presentation and audience Q&A on February 26th at 1:00 pm PST (4:00 pm EST).

      CEO Alain Lambert and Chief Exploration Officer Dr. Craig Gibson will discuss Prismo’s upcoming drill program at its Silver King project located near the town of Superior, Arizona.

      The webinar will be a live, interactive online event where attendees can ask the presenters questions following management’s presentation. A recording will be available for those who cannot join the live event.

      Presentation Date & Time: Thursday February 26th, @ 1 PM PST / 4 PM EST

      Webcast Link: https://us06web.zoom.us/j/82341038966?pwd=QL8lbCPybL9SPLOPy7b8YWOdeack2u.1

      Passcode: 821459

      Recent Management Interviews

      Consistent with its desire to keep investors informed of the latest developments of the Company, Prismo is pleased to share the latest interviews with management which were published on the last couple days:

      Interview with Martin Gagel of Radius Research:

      Interview with Cory Fleck of Korelin Economics Report:

      https://www.kereport.com/2026/02/16/prismo-metals-silver-kings-project-upcoming-maiden-drill-program-overview/

      Alain Lambert, CEO of Prismo commented: ‘Following our announcement on February 12th that we have received formal permit approval from the U.S. Forest Service to proceed with our fully funded drill program at Silver King, Craig and I did two interviews in which we explain in detail the upcoming drill program. We are pleased to share these interviews with our shareholders and potential investors as we feel it will give them a clear picture of the drill plan and expectations regarding assay results and next steps.’

      On February 12th, the Company also announced that it had engaged Godbe Drilling LLC to conduct this Phase 1 drilling program. Godbe Drilling LLC is a Colorado-based family-owned diamond core drilling and mineral exploration business with extensive operating experience in the southwestern United States, including Arizona. Finally, the financing announced in the Company’s January 16th, 2026 news release has been completed for an amount of $147,500 as per the terms and conditions detailed in that news release.

      About Silver King

      Discovered in 1875, the Silver King mine is one of Arizona’s most important historical producers, yielding nearly 6 million ounces of silver at grades of up to 61 oz/t. Selected samples from small-scale production in the late 1990s returned historical grades as high as 644 oz/t silver (18,250 g/t) and 0.53 oz/t gold (15 g/t). Additionally, the presence of freibergite (AgCuSbS) suggests a potential for antimony, a critical mineral with growing strategic demand.

      Strategic Location

      The Silver King mine sits only 3 km from the main shaft of the Resolution Copper project — a joint venture between Rio Tinto and BHP and recognized as one of the world’s largest unmined copper deposits.(1) This unique land position is fully surrounded by Resolution Copper’s claim block, offering strategic upside.

      The Silver King mine was discovered in 1875 and produced as much as 10,000 ounces per ton silver in near surface workings.(2) Underground production through 1889 is estimated at almost 6 million ounces of silver at grades of between 61 and 21 ounces per ton. During a second period of production from 1918 to 1928, 230,000 ounces were produced at a grade of 18.7 ounces per ton.  No significant production has occurred after 1928.  

      Silver King is a steeply west-dipping pipelike stockwork and breccia zone that was mined on eight levels to about 300 meters depth below a glory hole at the surface. The pipe is described as a dense stockwork with local breccia zones and a quartz core, and that due to variations in mineralogy, much of the upper portion of the body has not been mined(3). The current owners from whom the Company has optioned the project rehabilitated the main shaft in the late 1990s, opened the upper levels of the mine and produced a small tonnage. Assay certificates from this period show selected samples with 400 to 600 ounces per ton silver with 0.2-0.5 oz/t gold and some base metals. Virtually no modern exploration has been carried out at the mine providing significant exploration upside and multiple drill targets.  

      With respect to the Resolution deposit, the QP has been unable to verify the information, and the information is not necessarily indicative to the mineralization on the Silver King property.

      1. (2)Galbraith, F, 1935, Geology of the Silver King area, Superior, Arizona, Univ. of Arizona thesis, 153p plus plates. 

      2. (3)Blake, W.P., 1883, Description of the Silver King Mine, Arizona, New Haven, 48p plus plates. 

      3. (5)Briggs, D. 2015, Superior, Arizona: An old mining camp with many lives, Ariz. Geol Survey Contributed Report CR-15-D, 13p. 

      Qualified Person

      Dr. Craig Gibson, PhD., CPG., a Qualified Person as defined by NI-43-01 regulations and Chief Exploration Officer and a director of the Company, has reviewed and approved the technical disclosures in this news release.  The historic data presented in this press release was obtained from public sources, should be considered incomplete and is not qualified under NI 43-101, but is believed to be accurate. The Company has not verified the historical data presented and it cannot be relied upon, and it is being used solely to aid in exploration plans.

      About Prismo Metals Inc.

      Prismo (CSE: PRIZ,OTC:PMOMF) is a mining exploration company focused on advancing its Silver King, Ripsey and Hot Breccia projects in Arizona and its Palos Verdes silver project in Mexico.

      Please follow @PrismoMetals on , , , Instagram, and

      Prismo Metals Inc.

      1100 – 1111 Melville St., Vancouver, British Columbia V6E 3V6

      Phone: (416) 361-0737

       

      Contact:

      Alain Lambert, Chief Executive Officer alain.lambert@prismometals.com

      Gordon Aldcorn, President gordon.aldcorn@prismometals.com  

       

      Cautionary Note Regarding Forward-Looking Information

      This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as ‘intends’ or ‘anticipates’, or variations of such words and phrases or statements that certain actions, events or results ‘may’, ‘could’, ‘should’, ‘would’ or ‘occur’. This information and these statements, referred to herein as ‘forward‐looking statements’, are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management’s expectations and intentions with respect to, among other things: the timing, costs and results of drilling at Hot Breccia.

      These forward‐looking statements involve numerous risks and uncertainties, and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things: delays in obtaining or failure to obtain appropriate funding to finance the exploration program at Silver King.

      In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, that: the ability to raise capital to fund the drilling campaign at Silver King and the timing of such drilling campaign.

      Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. 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 forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.

       

      Copyright (c) 2026 TheNewswire – All rights reserved.

      News Provided by TheNewsWire via QuoteMedia

      This post appeared first on investingnews.com

      Keep Reading