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Bold Ventures Closes $776,800 Non-Brokered Private Placement

Bold Ventures Inc. (TSXV: BOL) (the ‘Company’ or ‘Bold’) is pleased to announce that further to its news release of December 16, 2025, it has closed its non-brokered private placement offering for gross proceeds of $776,800, through the placement of 6,000,000 working capital units (the ‘WC Units’) of the Company at a price of $0.08 per WC unit for $480,000 (the ‘WC Offering’) and 3,297,776 Flow Through units (the ‘FT Units’) at a price of $0.09 per FT Unit for $296,800 (the ‘FT Offering’, and together with the WC Offering, the ‘Offering’).

The Company paid cash finder fees in the aggregate of $36,719.99 and issued an aggregate of 454,333 compensation warrants (the ‘Compensation Warrants‘) to two eligible finders. 37,333 of the Compensation Warrants entitle the holder to acquire one (1) common share at a price of $0.12 until December 31, 2027. 417,000 of the Compensation Warrants entitle the holder to acquire one (1) common share at a price of $0.12 until December 31, 2028.

All the securities issued pursuant to the Offering are subject to a hold period expiring on May 1, 2026.

Bruce MacLachlan, President and COO of Bold Ventures, stated: ‘We wish to thank our existing shareholders for their continued support of the Company and welcome the participation by new investors. We look forward to seeing the results from our drilling programs in 2026.’

Insider Subscriptions

Three insiders subscribed for 420,000 FT Units for gross proceeds of $37,800. The insider private placements are exempt from the valuation and minority shareholder approval requirements of Multilateral Instrument 61-101 (‘MI 61-101’) by virtue of the exemptions contained in sections 5.5(a) and 5.7(1) (a) of MI 61-101 in that the fair market value of the consideration for the securities of the Company issued to the insiders does not exceed 25% of its market capitalization.

The Offering

Each WC Unit comprises one (1) common share of the Company priced at $0.08 and one full common share purchase warrant (a ‘WC Warrant‘) entitling the holder to acquire one (1) common share at a price of $0.12 until December 31, 2028. The proceeds from the WC Units will be used for general working capital, property maintenance, exploration and expenses of the offering.

Each FT Unit comprises one common share of the Company priced at $0.09 and one half (1/2) of a common share purchase warrant. One full common share purchase warrant (a ‘FT Warrant’) and $0.12 will acquire an additional common share until December 31, 2027. The proceeds from the sale of the FT Units will be used for exploration work that qualifies for Canadian Exploration Expenses (CEE).

Bold Ventures management believes our suite of Battery, Critical and Precious Metals exploration projects are an ideal combination of exploration potential meeting future demand. Our target commodities are comprised of: Copper (Cu), Nickel (Ni), Lead (Pb), Zinc (Zn), Gold (Au), Silver (Ag), Platinum (Pt), Palladium (Pd) and Chromium (Cr). The Critical Metals list and a description of the Provincial and Federal electrification plans are posted on the Bold website here.

About Bold Ventures Inc.

The Company explores for Precious, Battery and Critical Metals in Canada. Bold is exploring properties located in active gold and battery metals camps in the Thunder Bay and Wawa regions of Ontario. Bold also holds significant assets located within and around the emerging multi-metals district dubbed the Ring of Fire region, located in the James Bay Lowlands of Northern Ontario.

For additional information about Bold Ventures and our projects please visit boldventuresinc.com or contact us at 416-864-1456 or email us at info@boldventuresinc.com.

‘Bruce A MacLachlan’
Bruce MacLachlan
President and COO

Direct line: (705) 266-0847 Email: 

bruce@boldventuresinc.com

‘David B Graham’ 
David Graham
CEO

 

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

Cautionary Note Regarding Forward-Looking Statements: This Press Release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words ‘may’, ‘would’, ‘could’, ‘will’, ‘intend’, ‘plan’, ‘anticipate’, ‘believe’, ‘estimate’, ‘expect’ and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. Shareholders are cautioned not to put undue reliance on such forward-looking statements.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/279349

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Westport Announces Board of Directors Update

Westport Fuel Systems Inc. (‘Westport’) (TSX:WPRT Nasdaq: WPRT), a supplier of alternative fuel systems and components for the global transportation industry, today announces changes to its Board of Directors. Chair Dan Hancock, appointed to the Board in July 2017, retired from the Board, effective December 31, 2025, with current director Tony Guglielmin assuming the role of Chair. Joining Westport’s Board of Directors, effective January 1, 2026, is Brad Kotush, who brings over 20 years of experience in early-stage transformation, investment banking, and capital markets, both in Canada and globally. This addition further enhances the Board’s expertise and supports the Company’s long-term strategic objectives.

Mr. Hancock’s extensive automotive experience, particularly in technology commercialization and European manufacturing leadership, proved essential as Westport navigated the rapidly shifting dynamics of today’s automotive industry,’ said Tony Guglielmin, appointed Chair of Westport’s Board of Directors. ‘During the integration process following the 2016 merger and the commercialization of the HPDI fuel system, Mr. Hancock provided the stability and insight necessary for success. We are grateful for his dedication and the legacy he leaves with the Board.’

‘Brad Kotush’s appointment adds exceptional strength to our Board,’ added Guglielmin. ‘Mr. Kotush’s background in executive-level finance, risk management, and strategy spanning clean technology, investment banking, and global capital markets aligns directly with Westport’s strategic direction. His experience overseeing regulated entities, major financing programs, and cross-border transactions will bring meaningful insight and discipline to our governance and decision-making processes.’

Mr. Kotush is currently the CFO of a clean tech company listed on the TSXV and previously held the positions of Executive Vice President and Chief Financial Officer at Home Capital Group Inc. and Executive Vice President, Chief Financial and Risk Officer at Canaccord Genuity Group Inc.

About Westport Fuel Systems

Westport is a technology and innovation company connecting synergistic technologies to power a cleaner tomorrow. As a leading supplier of affordable, alternative fuel, low-emissions transportation technologies, we design, manufacture, and supply advanced components and systems that enable the transition from traditional fuels to cleaner energy solutions.

Our proven technologies support a wide range of clean fuels – including natural gas, renewable natural gas, and hydrogen – empowering OEMs and commercial transportation industries to meet performance demands, regulatory requirements, and climate targets in a cost-effective way. With decades of expertise and a commitment to engineering excellence, Westport is helping our partners achieve sustainability goals—without compromising performance or cost-efficiency – making clean, scalable transport solutions a reality.

Westport is headquartered in Vancouver, Canada. For more information, visit Westport.com.

Contact Information

Investor Relations
Westport Fuel Systems
T: +1 604-718-2046     

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Josef Schachter: Oil Stock Buy Signal Approaching, 3 Triggers to Watch

Josef Schachter, president and author at the Schachter Energy Report, shares his thoughts on oil and natural gas prices, supply and demand in 2026.

‘I think before the cycle is over, the 2007 high of US$147 (per barrel) will be breached, because the industry cannot respond quickly by bringing on new oil,’ he said.

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

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Beyond HODL: Why the DeFi Technologies Lawsuit Signals a Shift to Transactional Utility

A securities lawsuit involving DeFi Technologies (NASDAQ:DEFT) highlights growing regulatory scrutiny on corporate crypto treasury strategies, signaling risks for investors eyeing similar plays.

While many crypto firms have faced class actions, the difference with the DeFi Technologies case is apparent: it targets operational delays and disclosure risks within a corporate treasury.

Most previous crypto lawsuits have concentrated on more common issues, such as promoter liability, token sales or exchange collapses, which primarily hit platforms and promoters.

Specifically, the DeFi Technologies lawsuit alleges that the company hid delays in its core DeFi arbitrage trading, its main revenue driver, while downplaying competition from rival digital asset treasury firms (DATs).

The class action, which seeks to represent those who purchased or acquired DeFi Technologies shares between May 12 and November 14 of this year, comes after two recent share price drops for the company.

Amid emerging risks in the DeFi space, the governance expert emphasized the need for clear business strategies and disclosures to shareholders, and highlighted the role of independent third-party advisors to protect boards.

DeFi Technologies lawsuit breakdown

Plaintiffs claim that DeFi Technologies misled investors from May to November 2025 by issuing revenue guidance of US$218.6 million, despite arbitrage execution snags and rivals eroding its edge.

The company’s share price fell more than 7 percent on November 6 after it issued an update, then crashed over 27 percent between November 14 and 17. The second decline was triggered by the release of its Q3 results — the firm reported a 20 percent revenue miss, cut its 2025 guidance to US$116.6 million and shifted its CEO to an advisory role.

Unlike typical crypto suits over token sales or exchange collapses, this one targets a corporate treasury’s operational delays in DeFi yield strategies, exposing how arbitrage hiccups and DAT rivals demand precise disclosures.

“I think it’s an indicator that we’re going to see more questions and concerns surrounding the regulatory environment and disclosures, because we kind of hit into uncharted … territory very rapidly,” said Bishara.

The lawsuit arrives amid new fair-value accounting rules, testing board liability for strategy risks before 2026 filings.

Operational value vs. crypto laundering

An emerging concern for regulators and investors is the distinction between companies with genuine transactional components and those using public markets to create artificial liquidity.

Bishara noted that smaller companies divesting from core businesses to pivot toward crypto could become targets for regulatory scrutiny due to a perceived change in control.

From his perspective, firms primarily pursuing a treasury strategy could come under fire for potentially prioritizing short-term stock value and liquidation over the best interests of shareholders.

In these smaller transactions, Bishara suggested that the shift can be viewed as a way to convert illiquid digital assets into US dollars by selling stock in the open market.

“You’re converting something that I can’t really sell, and I can’t really buy a piece of pizza with … and turning it into something that I can buy a piece of pizza with,” the expert explained. “It’s almost like laundering crypto into currency,” he added, clarifying that this is not a one-size-fits-all accusation.

Consequently, he believes investors should look for companies whose underlying business models have operational potential, rather than those focused purely on digital asset transactions.

Board oversight and fiduciary duty

The rapid evolution of DeFi has fundamentally outpaced the regulatory frameworks designed to govern it.

For investors, the DeFi Technologies case underscores the danger of imprecise disclosures around crypto assets, particularly when firms pivot their strategies without clear communication to shareholders.

Bishara observed that as stock volatility triggers these types of lawsuits, corporate boards are being forced to rethink the practical applications of their fiduciary responsibility.

To fulfill their duty to shareholders, the expert argued that boards must engage in active, expert-led evaluation. Engaging independent third-party advisors, such as attorneys or investment bankers, to evaluate crypto treasury deals will insulate and help companies protect themselves in this uncharted territory.

From his perspective, this process effectively transfers some of the risk from board members to advisors.

Bishara further emphasized the importance of documenting the specific evaluation of a transaction in board minutes, noting that if a director disagrees with a crypto strategy, they should “disagree with it in the minutes” in order to ensure that their individual interests are protected.

The need for rigorous board oversight is being driven home by the insurance market. Bishara observed that even if a company’s actual risk profile has not changed, the cost of mitigating risk through Directors and Officers (D&O) insurance is skyrocketing as the number of carriers willing to underwrite these risks has shrunk significantly.

“I am quite certain that we are going to see policy language that specifically discusses or removes some of these potential pieces of liability, specifically in companies that are not insuring for these types of transactions,” Bishara predicted, adding that standard insurance companies will likely add no-crypto clauses to their policies.

“I would definitely expect that more, not from the crypto underwriters, but more from the non-crypto underwriters, to really make sure that they’re not winding up on a risk accidentally,’ he also noted.

For investors, Bishara suggested that a company’s inability to secure affordable D&O insurance should be viewed as a significant red flag regarding the health of its balance sheet.

Investor takeaway

Bishara’s front-row seat to operational crypto-utility and high-frequency transactional modeling has helped shape his view of where the market is headed in 2026 and beyond. While the DAT model dominated the 2024/2025 cycle, he believes the space is rapidly evolving into a new phase of business.

“I think it’s a great space for really exploring how the world is going to evolve and change,” he said.

For investors, the key to long-term value may lie in distinguishing between a company that is simply HODLing, and a firm that is building a transactional component.

Bishara pointed to emerging business models where firms are moving beyond treasury strategies to become operational, transactional companies that use crypto to power everyday transactions.

As the 2026 regulatory and insurance landscape tightens, focus will likely shift away from those chasing short-term stock premiums and toward those using DeFi to build sustainable, potentially undervalued business models.

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

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CoTec Investment MagIron Completes Purchase of Reynolds Pellet Plant

VANCOUVER, BRITISH COLUMBIA / ACCESS Newswire / December 31, 2025 / CoTec Holdings Corp. (TSXV:CTH,OTC:CTHCF)(OTCQB:CTHCF) (‘CoTec’ or the ‘Company’) is pleased to note MagIron LLC’s (‘MagIron’) press release dated December 31, 2025, following its prior press release dated December 19, 2025. CoTec owns 16.5% of the equity in MagIron on a fully diluted basis.

MagIron announced that it has successfully completed the acquisition of the pellet plant located near Reynolds, Indiana (‘Reynolds Pellet Plant’) from the Receivership Estate of Altos Hornos De Mexico, S.A.B De C.V. (the ‘Acquisition’) on schedule and in accordance with the Asset Purchase Agreement (‘APA’).

Larry Lehtinen, CEO of MagIron commented: ‘The completion of this transaction marks a significant milestone for MagIron. We now look forward to implementing our restart strategy and bringing significant investment and job creation to both Minnesota and Indiana.’

Julian Treger, CoTec CEO commented: ‘The Reynolds Pellet Plant is a modern straight grate, past producing, restart-ready pelletizer benefitting from approximately $440 million of prior investment. The completion of its acquisition enables MagIron to now focus on the execution of its strategy to become a fully integrated DR pellet producer to America’s fast growing Electric Arc Furnace steel industry and pursuing the development of merchant pig iron facilities. CoTec is very supportive of this strategy and believes that, if successful, MagIron could become a significant contributor to the USA steel industry.’

For more information on this press release, please visit https://magironusa.com

About CoTec

CoTec Holdings Corp. (TSX-V:CTH)(OTCQB:CTHCF) is redefining the future of resource extraction and recycling. Focused on rare earth magnets and strategic materials, CoTec integrates breakthrough technologies with strategic assets to unlock secure, sustainable, and low-cost supply chains for the United States and its allies.

CoTec’s mission is clear: accelerate the energy transition while strengthening U.S. economic and national security. By investing in and deploying disruptive technologies, the Company delivers capital-efficient, scalable solutions that transform marginal assets, tailings, waste streams, and recycled products into high-value critical minerals.

From its HyProMag USA magnet recycling joint venture in Texas, to iron tailings reprocessing in Québec, to next-generation copper and iron solutions backed by global majors, CoTec is building a diversified portfolio with long-term growth, rapid cash flow potential, and high barriers to entry. The result is a game-changing platform at the intersection of technology, sustainability, and strategic materials.

For more information, please visit www.cotec.ca

For further information, please contact:

Braam Jonker – (604) 992-5600
Chief Financial Officer

Forward-Looking Information Cautionary Statement

Statements in this press release regarding the Company and its investments which are not historical facts are ‘forward-looking statements’ which involve risks and uncertainties, including statements relating to the Company’s interest in MagIron, the completion of the Acquisition, the potential restart of the MagIron operations, the MagIron strategy, including a potential development of pig iron facilities and management’s expectations with respect to its current and potential future investments, and the benefits to the Company which may be implied from such statements. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements, due to known and unknown risks and uncertainties affecting the Company, including but not limited to resource and reserve risks; environmental risks and costs; labor costs and shortages; uncertain supply and price fluctuations in materials; increases in energy costs; labor disputes and work stoppages; leasing costs and the availability of equipment; heavy equipment demand and availability; contractor and subcontractor performance issues; worksite safety issues; project delays and cost overruns; extreme weather conditions; and social and transport disruptions. For further details regarding risks and uncertainties facing the Company please refer to ‘Risk Factors’ in the Company’s filing statement dated April 6, 2022, a copy of which may be found under the Company’s SEDAR profile at www.sedar.com. The Company assumes no responsibility to update forward-looking statements in this press release except as required by law. Readers should not place undue reliance on the forward-looking statements and information contained in this news release and are encouraged to read the Company’s continuous disclosure documents which are available on SEDAR at www.sedarplus.ca.

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 news release.

SOURCE: CoTec Holdings Corp.

View the original press release on ACCESS Newswire

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Crypto Market Update: XRP and Solana ETFs Gain as Bitcoin, Ether Continue to Bleed

Here’s a quick recap of the crypto landscape for Monday (December 29) 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$87,107.03, down by 0.4 percent over 24 hours.

Bitcoin price performance, December 29, 2025.

Chart via TradingView.

BTC’s spot market shows mild selling pressure with a slight price decline, neutral momentum from the RSI at 45.40 and a low positive funding rate of 0.008 percent, suggesting limited bullish aggression in derivatives.

Mostly long liquidations totaling US$1.67 million over four hours leading up to the end of the trading day, alongside a 0.35 percent drop in open interest to US$57.54 billion, point to deleveraging among overextended buyers, while thin holiday trading volumes amplify small moves.

The data signals continued consolidation, holding the key support around US$86,000, despite a weekly dip. Overall, traders appear sidelined with bearish short-term momentum.

Linh Tran, a senior market Analyst at XS.com, suggests that BTC is entering a phase of stability and renewed accumulation in Q1 2026, rather than a strong growth phase at the beginning of the year.

“However, recent data also indicate that ETF flows are no longer consistently strongly net positive as in the early phase of the cycle, but have become more volatile, with some weeks even recording net outflows amid portfolio rebalancing and holiday-related liquidity conditions.

In my view, this does not imply that Bitcoin’s long-term trend has turned bearish, but rather suggests that institutional demand in Q1 2026 is likely to be more selective and cautious, instead of acting as a catalyst for a sharp breakout in Bitcoin prices.”

Regulatory progress, BTC’s correlation as a risk asset to the US equity market, and geopolitical risks will also act as catalysts.

“Bitcoin’s underlying structure is significantly more solid than in previous cycles, thanks to institutional participation and broader acceptance within the financial system. If institutional flows return, the regulatory and geopolitical environment becomes more supportive, and the Fed’s policy stance begins to signal that rate cuts are approaching earlier in the year, this combination could create an ideal environment for Bitcoin to recover and reclaim the US$100,000 level.”

Ether (ETH) was priced at US$$2,928.18, down by 0.1 percent over the last 24 hours.

Altcoin price update

  • XRP (XRP) was priced at US$1.85, down by 0.7 percent over 24 hours.
  • Solana (SOL) was trading at US$122.97, down by 0.3 percent over 24 hours.

Today’s crypto news to know

Strategy announces latest BTC purchase

Strategy (NASDAQ:MSTR) announced its latest BTC purchase of 2025, adding 1,229 BTC between December 22-28 for a purchase price of US$108.8 million, according to a Form 8-K filed on Monday.

The purchase brings Strategy’s total Bitcoin holdings to 672,497 BTC.

Chinese banks to pay interest on digital yuan wallets from January 2026

China’s central bank, the People’s Bank of China (PBOC), is updating its digital yuan (e-CNY) rules effective January 1, 2026, to let commercial banks pay interest on users’ wallet balances, according to a PBOC-affiliated China Financial Times article published on Monday. This shifts the e-CNY from just a digital cash replacement to something more like a bank deposit, aiming to boost everyday use after years of slow adoption.

PBOC deputy governor Lu Lei explained the changes in the article: ‘Looking ahead, the choice of business and technology models for the digital yuan will adhere to the fundamental principle of meeting the needs of the real economy. It will adopt a principle of inclusiveness and prudent selection regarding the development of account-based and value-based digital currencies, and promote the digital yuan to meet the needs of different scenarios and different business entities.’

ALT5 Sigma’s auditor switch draws regulatory heat

Nasdaq-listed crypto firm ALT5 Sigma (NASDAQ:ALTS) is under renewed scrutiny after it emerged that its newly appointed auditor is currently barred from conducting audits due to an inactive firm license.

According to the Financial Times, the issue surfaced after the company missed its third-quarter filing deadline and hastily replaced its previous auditor earlier this month.

The new firm, Victor Mokuolu CPA PLLC, does not hold an active Texas firm license, effectively preventing it from issuing any audit opinions under state rules.

While the firm’s founder renewed his personal CPA license in late August, state records show the firm itself remains unlicensed as of late December. ALT5 Sigma told the Financial Times that no reviews or audits will be issued until the licensing issue is resolved, with a mandatory peer review now underway and expected to conclude by the end of January.

Russia floats Bitcoin mining at occupied Ukrainian nuclear plant

Officials at the Russia-controlled Zaporizhzhia nuclear power plant say they are prepared to supply electricity to Bitcoin miners, but only if a broader peace deal involving Ukraine is reached.

The plant, seized by Russian forces in March 2022 and now operated by state-owned Rosenergoatom, could power crypto mining farms alongside civilian infrastructure, representatives told Russian media.

The comments followed remarks by President Vladimir Putin that US-Russia discussions have expanded beyond security to include economic proposals tied to the facility’s output. Putin said American counterparts had expressed interest in using the plant’s electricity both for cryptocurrency mining and for supplying power to Ukraine.

XRP and Solana defy crypto fund outflows, Bitcoin and Ether slide

Crypto investment products bled US$446 million in net outflows last week, extending the sector’s post-October slump and pushing cumulative withdrawals since the sharp market downturn to US$3.2 billion.

According to the recent Digital Asset Fund Flows Weekly report by CoinShares, Bitcoin and Ethereum bore the brunt of the selling. In contrast, XRP and Solana stood out as rare bright spots, pulling in US$70.2 million and US$7.5 million in weekly inflows, respectively.

By late December, XRP ETFs had logged more than US$1 billion in cumulative inflows, while Solana ETFs had surpassed US$750 million.

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.

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NextSource Materials Announces Results of 2025 Annual Meeting of Shareholders

TORONTO, ON / ACCESS Newswire / December 31, 2025 / NextSource Materials Inc. (TSX:NEXT,OTC:NSRCF)(OTCQB:NSRCF) (‘NextSource’ or the ‘Company’) is pleased to announce the results of the Annual Meeting of Shareholders of the Company (the ‘Meeting’) held virtually at 8:00 AM (Toronto time) on December 30, 2025.

AGM Results

The final voting results of the Meeting are set out below:

  1. Election of Directors. The Company’s shareholders elected each of the nominees as directors to serve until the next annual meeting of shareholders, or until their respective successors are elected or appointed. The following table sets forth the voting results with respect to the election of directors:

Nominee

For

Against

Sir Mick Davis

99.6%

0.4%

Hanré Rossouw

99.5%

0.5%

Christopher Kruba

99.7%

0.3%

Ian Pearce

99.7%

0.3%

Craig Scherba

99.5%

0.5%

Brett Whalen

99.5%

0.5%

2. Appointment of Auditor. The Company’s shareholders approved the appointment of PricewaterhouseCoopers LLP, Chartered Professional Accountants, as the Company’s auditors for the fiscal year ending June 30, 2026 and that the Board of Directors is authorized to fix their remuneration. The following table sets forth the voting results with respect to the appointment of PricewaterhouseCoopers LLP:

For

Withheld

99.9%

0.1%

A total of 101,161,308 common shares equivalent to 54.7% of the common shares entitled to vote were represented in person or by proxy at the Meeting.

ABOUT NextSource Materials Inc.

NextSource Materials Inc. is a battery materials company based in Toronto, Canada that is intent on becoming a vertically integrated global supplier of battery materials through the mining and value-added processing of graphite and other minerals.

The Company’s Molo graphite project in Madagascar is one of the largest known and highest-quality graphite resources globally, and the only one with SuperFlake® graphite. The Molo mine has begun production through Phase 1 mine operations.

The Company is also developing a significant downstream graphite value-add business through the staged rollout of Battery Anode Facilities (BAF) capable of large-scale production of coated, spheronized and purified graphite for direct delivery to battery and automotive customers, in a fully transparent and traceable manner. The Company is now in the process of developing its first BAF in the UAE.

NextSource Materials is listed on the Toronto Stock Exchange under the symbol ‘NEXT’ and on the OTCQB under the symbol ‘NSRCF’.

For further information about NextSource Materials, please visit our website at www.nextsourcematerials.com or contact us at +1.416.364.4911 or email Brent Nykoliation, Executive Vice President at brent@nextsourcematerials.com.

CAUTIONARY NOTE

This press release contains statements that may constitute ‘forward-looking information’ or ‘forward-looking statements’ within the meaning of applicable Canadian and United States securities legislation. Readers are cautioned not to place undue reliance on forward-looking information or statements. Forward looking statements and information are frequently characterized by words such as ‘plan’, ‘expect’, ‘project’, ‘intend’, ‘believe’, ‘anticipate’, ‘estimate’, ‘potential’, ‘possible’ and other similar words, or statements that certain events or conditions ‘may’, ‘will’, ‘could’, or ‘should’ occur. Forward- looking statements include any statements regarding, among others, reaching nameplate production capacity and the rollout of Battery Anode Facilities including the capabilities and the timing and economics thereof. These statements are based on current expectations, estimates and assumptions that involve a number of risks, which could cause actual results to vary and, in some instances, to differ materially from those anticipated by the Company and described in the forward-looking statements contained in this press release. No assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur or, if any of them do so, what benefits the Company will derive there from. The forward-looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the forward-looking statements, whether because of new information, future events or otherwise, except as may be required by applicable securities laws. Although the forward-looking statements contained in this news release are based on what management believes are reasonable assumptions, the Company cannot assure investors that actual results will be consistent with them. These forward-looking statements are made as of the date of this news release and are expressly qualified in their entirety by this cautionary statement. Subject to applicable securities laws, the Company does not assume any obligation to update or revise the forward-looking statements contained herein to reflect events or circumstances occurring after the date of this news release.

SOURCE: NextSource Materials Inc.

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Rio Silver Inc. Completes Securities for Debt Transaction

Rio Silver Inc. (‘Rio Silver’ or the ‘Company’) is pleased to announce that it has settled an aggregate of $293,250 of indebtedness (the ‘Debts’) through (1) the issuance of an aggregate of 1,396,428 common shares of the Company at a deemed issuance price of $0.21 per share, of which 976,190 shares were issued to non-arm’s length creditors; and (2) the issuance of an aggregate of 420,238 common share purchase warrants entitling the holders to purchase an aggregate of 420,238 common shares of the Company at a price of $0.28 per share until December 31, 2028, none of which share purchase warrants were issued to non-arm’s length creditors. All common shares and share purchase warrants issued to settle the Debts will be subject to a hold period expiring May 1, 2026. Completion of the securities for debt transaction will allow the Company to improve its current working capital deficiency position.

About Rio Silver Inc.

Rio Silver Inc. (TSX-V: RYO | OTC: RYOOF) is a Canadian resource company advancing high-grade, silver-dominant assets in Peru, the world’s second-largest silver producer. The Company is focused on near-term development opportunities within proven mineral belts and is supported by a seasoned technical and operational team with deep experience in Peruvian geology, underground mining, and district-scale exploration. With a clear development strategy, and a growing portfolio of highly prospective silver assets, Rio Silver is establishing the foundation to become one of Peru’s next emerging silver producers. Learn more at www.riosilverinc.com.

ON BEHALF OF THE BOARD OF DIRECTORS OF Rio Silver INC.

Chris Verrico
President, Chief Executive Officer and a Director

To learn more or engage directly with the Company, please contact:

Christopher Verrico, President and CEO
Tel: (604) 762-4448
Email: chris.verrico@riosilverinc.com
Website: www.riosilverinc.com

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

Cautionary Note Regarding Forward-Looking Information: This news release includes forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements.

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Zinc Stocks: 5 Biggest Canadian Companies in 2025

Zinc companies were supported in 2025 as prices rebounded during the second half of the year and, by the end of December, had crossed above US$3,000 per metric ton.

However, the metal still faces headwinds, as its biggest demand driver is its use in the production of galvanized steel destined for construction projects. Weak outlook comes amid diminishing expectations of a resurgence in the Chinese housing sector.

Additionally, US trade policy has softened demand, as uncertainty has dampened investor sentiment.

Although surpluses in the mined supply of zinc have narrowed, a significant amount of refined product remains in warehouses, which continues to contribute to an oversupply.

Data was gathered on December 24, 2025, using TradingView’s stock screener, and only zinc stocks with market caps greater than C$50 million at that time were considered. Read on to learn more about their operations and plans.

1. Teck Resources (TSX:TECK.A,TSX:TECK.B)

Market cap: C$31.25 billion
Share price: C$62.65

Teck Resources is a major global polymetallic miner, as well as one of the world’s top zinc producers. The company is headquartered in Vancouver, British Columbia.

The Canadian company produced 615,900 metric tons (MT) of zinc in concentrate in 2024, with 555,600 MT coming from its Red Dog zinc mine in Alaska, US. The remaining 60,300 MT came from Teck’s 22.5 percent share of zinc production from the Peru-based Antamina copper-zinc mine.

Teck’s total 2025 production guidance for the base metal is set in a range of 525,000 to 575,000 MT. As of September, the company’s zinc production for the year totaled 456,000 MT.

In addition to the sites mentioned, Teck owns the Trail operations, which it describes as “one of the world’s largest fully integrated zinc and lead smelting and refining complexes.” Located in BC, the Trail operations produced 256,000 MT of refined zinc in 2024, with 190,000 to 230,000 MT of the material expected in 2025.

In September, Teck agreed to combine with mining giant Anglo American (LSE:AAL,OTCQX:NGLOY) in a C$70 billion ‘merger of equals’ to create Anglo-Teck. The merged company would remain headquartered in Vancouver and become BC’s largest company ever.

Then on December 15, Canada’s federal government announced it had approved the deal after both companies committed to securing 4,000 Canadian jobs and spending C$4.5 billion over five years within Canada. The merger’s completion still requires approvals from other countries and regulatory reviews.

2. Foran Mining (TSX:FOM)

Market cap: C$2.62 billion
Share price: C$4.87

Foran Mining is a development company advancing its McIlvenna Bay project in Saskatchewan, Canada, toward production.

The property consists of 113 claims covering an area of 140,445 hectares near Flin Flon on Saskatchewan’s border with Manitoba.

A technical report from the project released in March 2025 demonstrated an indicated resource of 1.86 billion pounds of zinc at an average grade of 2.18 percent from 38.6 million metric tons of ore, plus an inferred resource of 260 million pounds at a grade of 2.6 percent from 4.5 million metric tons.

In December 2025, Foran announced that development on the project was 79 percent complete, advancing on schedule and on budget, and the company remained on track to begin commercial production in mid-2026. It also said that at the end of November, ore stockpiles had reached approximately 165,000 metric tons.

‘Pre-commissioning activities are well underway, and progress to date demonstrates the operational readiness of our team and infrastructure,’ Foran Executive Chairman and CEO Dan Myerson stated. ‘… 2026 (is) an important transition year for Foran as the Company moves into production, while advancing Phase 2 planning and continued exploration focused on unlocking district scale potential.’

3. Trilogy Metals (TSX:TMQ)

Market cap: C$1.14 billion
Share price: C$6.66

Trilogy Metals is focused primarily on copper, zinc and cobalt at its Alaskan Upper Kobuk projects, which are held by Ambler Metals, a joint venture operating company owned equally by Trilogy and South32 (ASX:S32,OTC Pink:SHTLF).

Its most advanced zinc project is the Arctic copper-zinc-lead-gold-silver volcanogenic massive sulfide project, which is in the feasibility stage and has proven and probable reserves of 43.44 million MT grading 3.12 percent zinc.

In addition, early stage 2023 field work at the company’s wholly owned Helpmejack project in Alaska’s Ambler belt outlined two target areas prospective for volcanogenic massive sulfide and shale-hosted zinc deposits.

Trilogy had been focusing on improving access to the region with its Amber Access project, but it was rejected by the US Bureau of Land Management under the Biden administration in June 2024 due to the impact the proposed road could have on the environment and communities in the region, which has seen little development.

However, the current Trump administration has enacted a series of executive and secretarial orders focusing on developing Alaska’s natural resources, leading to the reversal of the decision.

On October 24, the company announced that the Alaska Industrial Development and Export Authority had issued a right-of-way permit for the road, re-establishing federal authorization for the project.

‘The execution of these federal permits marks a pivotal milestone for the Ambler Road and the State of Alaska,’ Trilogy Metals President and CEO Tony Giardini said.

4. Fireweed Metals (TSXV:FWZ)

Market cap: C$579.91 million
Share price: C$2.73

Fireweed Metals is a critical metals company whose flagship Macmillan Pass zinc project is located in Canada’s Yukon. In 2023, the company acquired the Gayna River zinc project in the Northwest Territories, as well as the Mactung tungsten project, which is adjacent to Macmillan Pass and straddles the border between Yukon and the Northwest Territories.

In November 2023, the Fireweed team, led by Dr. Jack Milton, the firm’s vice president of geology, received the Association for Mineral Exploration’s H.H. ‘Spud’ Huestis Award for its work at the Macmillan Pass property.

In September 2024, after its largest regional exploration campaign ever at Macmillan Pass, the company released an updated resource estimate for the Tom and Jason deposits, as well as inaugural resource estimates for the Boundary zone and End zone deposits.

Fireweed launched its 2025 field program in early June, planned to include 12,000 meters of diamond drilling at Macmillan Pass and 3,000 meters at Gayna.

On September 23, Fireweed reported one of the best assays ever recorded at Macmillan Pass from a 115 meter step-out hole at the Tom South target, which hosted a 54.82 meter intersection grading 18.2 percent zinc, including an interval of 7.1 meters with 32.82 percent zinc.

Then, in an update on December 11, the company announced its inaugural drilling at Gayna intersected zinc mineralization, with a highlighted assay of 51.22 meters grading 4.4 percent zinc, including 24 meters with 7.3 percent.

‘Our first season of drilling at Gayna successfully intersected significant zinc and lead mineralization at the Intrepid target, validating the prospectivity of the project,’ Fireweed Metals President and CEO Ian Gibbs said.

5. Emerita Resources (TSXV:EMO)

Market cap: C$167.89 million
Share price: C$0.57

Emerita Resources has a portfolio of high-grade, large-scale polymetallic projects covering more than 26,000 combined hectares in Spain’s Iberian Pyrite Belt. The company’s flagship asset is the Iberian Belt West project, which hosts three massive sulfide deposits: La Infanta, La Romanera and El Cura.

Emerita released a resource estimate for Iberian Belt West in May 2023. It finished environmental baseline studies the following month, and completed supporting documentation for its mining license application in December 2023.

In July 2024, the Andalusian government granted Iberian Belt West a declaration of strategic interest, which will streamline the process of moving the project through development.

Phase 2 metallurgical testing results for the La Romanera and La Infanta deposits released in late 2024 show that commercial-grade copper, lead and zinc concentrates can be obtained from both deposits.

In March of this year, Emerita announced an updated resource estimate for Iberian Belt West, showing a 35 percent increase to the total indicated mineral resource tonnage and a 44 percent increase in total inferred mineral resource tonnage.

The total indicated resource stands at 547,000 metric tons of zinc, with an average grade of 2.88 percent zinc, from 18.96 million metric tons of ore, and the inferred resource is 221,000 metric tons from 6.8 million metric tons grading 3.25 percent zinc.

The company has continued to explore the site through the rest of 2025. On October 17, the company announced it had extended the El Cura deposit by 90 meters and highlighted one intersection measuring 4.1 meters with a grade of 8.5 percent zinc.

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

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55 North Mining Appoints Wayne Parsons as Executive Chair; Strengthens Leadership as the Company Advances the Last Hope Gold Project

TORONTO, ON / ACCESS Newswire / December 31, 2025 / 55 North Mining Inc. (CSE:FFF,OTC:FFFNF)(FSE:6YF) (‘55 North‘ or the ‘Company‘) is pleased to announce the appointment of Wayne Parsons as Executive Chair of the Board, effective January 1, 2026.

Mr. Parsons brings over 20 years of experience in the investment business, having worked at BMO, RBC and most recently at National Bank Financial. He has since established a consulting practice focused on the mining sector and provides strategic advisory services to mining companies focused on capital markets strategy, financing execution and investor engagement. Mr. Parsons has served on a number of boards, most recently with Bunker Hill Mining Corp.

‘Wayne’s skills and experience are exactly what 55 North needs as we advance this project toward production,’ said Bruce Reid, Chief Executive Officer of 55 North Mining. ‘He is well connected globally and will be a tremendous help in connecting us with the right people to get this project financed. We met in the early days of Bunker Hill Mining, and when that project encountered challenges, Wayne stepped in, personally funded the recapitalization, and helped assemble the team to move it forward. His reputation will be highly valuable to our future success.’

The Company believes Mr. Parsons’ appointment significantly strengthens its leadership and positions 55 North to execute on its strategy of advancing the Last Hope Gold Project toward development and production.

About 55 North Mining Inc.

55 North Mining Inc. is a Canadian exploration and development company advancing its high-grade Last Hope Gold Project located in Manitoba, Canada.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Mr. Bruce Reid
Chief Executive Officer
55 North Mining Inc.
Phone: 647-500-4495
bruce@mine2capital.ca

Mr. Vance Loeber
Corporate Development
Phone: 778-999-3530
cvl@tydewell.com

CAUTION REGARDING FORWARD-LOOKING INFORMATION

This news release of 55 North contains statements that constitute ‘forward-looking statements.’ Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements.

SOURCE: 55 North Mining Inc.

View the original press release on ACCESS Newswire

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