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Prince Silver Announces $3.0 Million Non-Brokered Private Placement

Investing 5 Mins Read

VANCOUVER, BRITISH COLUMBIA / ACCESS Newswire / January 27, 2026 / Prince Silver Corp. (CSE:PRNC,OTC:PRNCF)(OTCQB:PRNCF)(T130:Frankfurt) (‘Prince Silver’or the ‘Company’) is pleased to announce a non-brokered private placement of up to 4,687,500 units of the Company (‘Units‘) at a price of $0.70 per Unit for aggregate gross proceeds of up to $3,000,000 (the ‘Private Placement‘). Each Unit will consist of one common share (a ‘Common Share‘) and one-half common share purchase warrant, with each full warrant (a ‘Warrant‘) being exercisable to purchase one Common Share at a price of $1.00 for 24 months from the date of issuance ; provided that if the closing price of the Company’s Common Shares for a period of 10 consecutive trading days is $1.40 or higher, the Company will have the right to accelerate the expiry date of the Warrants upon notice given by press release and the Warrants will thereafter expire on the 30th calendar day after the date of such press release.

The Company intends to pay finders’ fees in an amount equal to 7% to eligible finders, in accordance with applicable securities laws and the policies of the Canadian Stock Exchange (‘CSE‘). The Private Placement is subject to approval of the CSE, and all securities issued under the Private Placement will be subject to statutory hold periods expiring four months and one day from the date of closing of the Private Placement pursuant to applicable securities laws and CSE policy.

The Company intends to use the net proceeds of the Offering to advance exploration and development activities at its Prince Silver Project in Nevada, as well as for working capital and general corporate purposes. Closing of the Offering is subject to customary conditions, including approval of the Canadian Securities Exchange.

About Prince Silver Corp.

Prince Silver Corp. is a silver exploration company advancing its past-producing Prince Silver-Zinc-Manganese-Lead Mine in Nevada, USA. Featuring near-surface mineralization that was historically drill tested by over 129 holes and is open in all directions, the Prince Project offers a clear path toward a maiden 43-101 compliant resource estimate. The Company also holds an interest in the Stampede Gap Project, a district-scale copper-gold-molybdenum porphyry system located 15 km north-northwest of the Prince Silver Project, highlighting Prince Silver’s focus on high-potential, strategically located exploration assets.

On Behalf of the Board of Directors

Derek Iwanaka, CEO & Director
Tel: 604-928-2797
Email: info@princesilvercorp.com
Website: www.princesilvercorp.com

Forward-Looking Information

Certain statements in this news release are forward-looking statements, including with respect to future plans, and other matters. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as ‘may’, ‘expect’, ‘estimate’, ‘anticipate’, ‘intend’, ‘believe’ and ‘continue’ or the negative thereof or similar variations. Some of the specific forward-looking information in this news release includes, but is not limited to, statements with respect to: ongoing and proposed drill programs, amendments to the Company’s website, property option payments and regulatory and corporate approvals. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including but not limited to, business, economic and capital market conditions, the ability to manage operating expenses, dependence on key personnel, completion of satisfactory due diligence in respect of the Acquisition and related transactions, and compliance with property option agreements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, anticipated costs, and the ability to achieve goals. Factors that could cause the actual results to differ materially from those in forward-looking statements include, the continued availability of capital and financing, litigation, failure of counterparties to perform their contractual obligations, failure to obtain regulatory or corporate approvals, exploration results, loss of key employees and consultants, and general economic, market or business conditions. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on any forward-looking information.

The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

This news release does not constitute an offer to sell, or a solicitation of an offer to buy, any 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 U.S. Persons (as defined under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

SOURCE: Prince Silver Corp.

View the original press release on ACCESS Newswire

News Provided by ACCESS Newswire via QuoteMedia

This post appeared first on investingnews.com

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Politics

White House not budging on Democrats’ demands as DHS funding mutiny threatens government shutdown

Politics 4 Mins Read

The White House appears to be rejecting Democrats’ demands in the burgeoning government funding fight, as the chances of a partial shutdown grow larger by the day.

Senate Minority Leader Chuck Schumer, D-N.Y., is threatening that Democrats will vote against the massive federal spending bill set to get a vote this week unless funding for the Department of Homeland Security (DHS) is stripped out and renegotiated.

Republicans have already signaled they’re not inclined to do so, which White House Press Secretary Karoline Leavitt reaffirmed during her Monday afternoon press conference.

Leavitt also pointed out that all the bills wrapped into the massive spending package are the product of bipartisan negotiations between the House and Senate — meaning Democrats already had a say in the legislation they are now rejecting.

‘At this point, the White House supports the bipartisan work that was done to advance the bipartisan appropriations package, and we want to see that passed,’ President Donald Trump’s spokeswoman said. 

‘Policy discussions on immigration in Minnesota are happening. Look, the president is leading those discussions, as evidenced by his correspondence with Governor Walz this morning. But that should not be at the expense of government funding for the American people.’

Democrats are coming out against the DHS funding bill en masse in the wake of another deadly federal law enforcement-involved shooting in Minneapolis. A Border Patrol agent shot Alex Pretti, a nurse who worked with veterans at the Minneapolis Veterans Affairs Medical Center, during a wider protest against Trump’s immigration crackdown in the city.

Both Republicans and Democrats have called for investigations into the fatal encounter, but only Democrats are threatening to put federal funding at risk.

Leavitt pointed out that the DHS funding portion would also allocate dollars to the Federal Emergency Management Agency (FEMA), not just the Border Patrol and Immigration and Customs Enforcement (ICE) spending that Democrats object to.

‘We are in the midst of the storm that took place over the weekend, and many Americans are still being impacted by that. So we absolutely do not want to see that funding lapse,’ she said. ‘We want the Senate to move forward with passing the bipartisan appropriations package that was negotiated on a bipartisan basis.’

The legislation negotiated between Republicans and Democrats already includes guardrails for ICE, including mandating body-worn cameras and more training on public engagement and de-escalation.

But Pretti’s killing and DHS’s handling of it infuriated Democrats — at least several of whom will be needed to meet the Senate’s 60-vote threshold to advance the legislation.

Senate Republicans had wanted to pass the package as early as Thursday and send it to Trump’s desk just before the Jan. 30 shutdown deadline.

Senate Democrats held a private, caucus-wide call on the matter on Sunday, after which a source familiar told Fox News Digital that Schumer’s plan was to reject any DHS bill without several reforms, but that the broader, five-bill funding package could move ahead. 

‘Basically, DHS is the problem and should be split from the package,’ they said.

But with Senate Majority Leader John Thune, R-S.D., taking the first procedural step to set up this week’s vote on the larger package on Monday, Democrats’ prospects of strong-arming the GOP are thin.

Even if Senate Democrats did prevail, it’s virtually guaranteed that Congress would miss the Friday shutdown deadline at this point.

Any changes to the spending package would require it to return to the House to be considered again, despite it passing the lower chamber last week.

But a House GOP leadership source told Fox News Digital of that prospect on Saturday, ‘We passed all 12 bills over to the Senate, and they still have six in their possession that they need to pass to the president. We have no plan to come back next week.’

Fox News Digital reached out to Schumer’s office for a response.

This post appeared first on FOX NEWS

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Politics

GOP senator demands DHS immigration chiefs testify after fatal shootings in Minnesota

Politics 2 Mins Read

A top Senate Republican is demanding that the heads of several immigration-focused units at the Department of Homeland Security (DHS) testify publicly before the Senate. 

Sen. Rand Paul, R-Ky., called on the heads of Immigration and Customs Enforcement (ICE), Customs and Border Patrol (CBP) and the U.S. Citizenship and Immigrations Services (USCIS) to come before his panel, the Senate Homeland Security and Governmental Affairs Committee, next month. 

In three separate letters to acting ICE Director Todd Lyons, CBP Commissioner Rodney Scott and USCIS Director Joseph Edlow, Paul noted that DHS had received ‘an exceptional amount of funding to secure our borders and enforce our immigration laws.’

‘Congress has an obligation to conduct oversight of those tax dollars and ensure the funding is used to accomplish the mission, provide proper support for our law enforcement, and, most importantly, protect the American people,’ Paul wrote.

‘I write to request your testimony before the U.S. Senate Committee on Homeland Security and Governmental Affairs at an open hearing by February 12, 2026,’ he continued. ‘Please provide your availability to appear before the Committee by the close of business on January 28, 2026.’

Paul’s request comes on the heels of the second fatal shooting involving a border patrol agent and U.S. citizen in the last month since the Trump administration ordered DHS to enter Minnesota. 

Alex Pretti and Renee Nicole Good were both fatally shot by border patrol agents, which has prompted pushback from Senate Democrats and some Republicans on the Trump administration’s activity in the state. 

But Paul’s request is more focused on the funding element of the situation.

Senate Democrats are gearing up to block the upcoming DHS funding bill, which could thrust the government into another shutdown. And Paul wants to know how the billion already allocated to the agency, likely through President Donald Trump’s ‘one, big beautiful bill,’ are being used. 

Paul’s request also comes as DHS Secretary Kristi Noem is set to appear before the Senate Judiciary Committee in early March after several months of not responding to a pair of requests from Senate Judiciary Chair Chuck Grassley, R-Iowa.

This post appeared first on FOX NEWS

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Politics

Trump says Iran called ‘numerous’ times to make deal as carrier enters Middle East waters

Politics 2 Mins Read

President Donald Trump said Iran appears to be looking to negotiate with the U.S. amid a growing military buildup in the Middle East.

In a Monday interview with Axios, Trump suggested that Tehran had reached out on ‘numerous occasions’ and ‘want[s] to make a deal.’

‘They want to make a deal. I know so. They called on numerous occasions. They want to talk,’ the president told the outlet.

According to U.S. officials, also cited by Axios, any potential agreement would need Tehran to remove all enriched uranium, cap its long-range missile stockpile, a change in support for regional proxy forces, and cease independent uranium enrichment, terms Iranian leaders have not agreed to.

Trump also described the situation with Iran as ‘in flux,’ and pointed to the arrival of what he called ‘a big armada next to Iran. Bigger than Venezuela,’ referencing the recent deployment of U.S. naval assets.

As previously reported by Fox News Digital, the USS Abraham Lincoln aircraft carrier entered CENTCOM waters in the Indian Ocean on Monday amid increasing threats from Iran, a senior U.S. official said.

Trump had told reporters Jan. 21, ‘We have a big flotilla going in that direction, and we’ll see what happens. We have a big force going towards Iran. I’d rather not see anything happen, but we’re watching them very closely.’

The U.S. military buildup comes amid widespread unrest inside Iran following protests that began Dec. 28.

According to a recent report from Human Rights Activists News Agency (HRANA), the confirmed death toll from the protests has reached 5,848, with an additional 17,091 deaths under investigation.

Supreme Leader Ayatollah Ali Khamenei has been sheltering in a fortified underground facility, according to Iran International.

Trump is expected to hold further consultations this week, Axios said, before adding that White House officials said an attack is still on the table.

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

This post appeared first on FOX NEWS

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Politics

Russia reportedly slams Trump’s Golden Dome as ‘provocative’ as trillion-dollar shield takes shape

Politics 4 Mins Read

Russia criticized the U.S.’ proposed Golden Dome missile defense system Monday, warning it could destabilize global nuclear deterrence, according to reports.

According to TASS, Deputy Chairman of the Russian Security Council Dmitry Medvedev told Kommersant newspaper that the ambitious project is extremely ‘provocative.’

‘Problems in the strategic sphere resulting from destabilizing U.S. actions only continue to grow. It is enough to recall the highly provocative anti-missile project ‘Golden Dome for America,’’ he said, TASS reported.

‘It fundamentally contradicts the assertion of the inseparable interrelationship between offensive and defensive strategic arms, which, by the way, was enshrined in the preamble of New START,’ Medvedev added, citing the treaty that protects U.S. national security by placing limits on Russia’s deployed intercontinental nuclear weapons.

A defense expert says Russia’s reaction underscores the Golden Dome’s power as a geopolitical signal to the world.

‘Even before it has been built, the dome is military focused and politically focused and an incredible bargaining chip with U.S. adversaries,’ defense expert Cameron Chell told Fox News Digital.

‘In this case, it is Russia and China in particular, in terms of how the U.S. postures for negotiating peace terms, treaty terms and whether the U.S. will be negating their already existing arsenal,’ the Draganfly CEO claimed.

The Golden Dome is a long-term missile defense concept aimed at protecting North America from ballistic, cruise and hypersonic missile threats.

Chell spoke after the Pentagon released its National Defense Strategy on Jan. 23, outlining a renewed focus on homeland defense, expanded missile defense, counter-drone systems, cyber capabilities and long-range strike forces.

The planned Golden Dome missile defense shield is designed to defeat ‘large missile barrages and other advanced aerial attacks,’ the strategy said, while also hardening military and key civilian infrastructure against cyber strikes as Russia and China continue expanding their hypersonic weapons programs.

As previously reported by Fox News Digital, China has also pushed back against the Golden Dome missile defense initiative, accusing Washington of undermining global strategic stability and risking the weaponization of outer space.

‘There’s big value in the talk and the build-out of Golden Dome, even long before it gets built, not to mention the research and technology development that comes out of it,’ Chell said.

‘The posturing and the economic benefits of building something like this are also factored into why the dome is so important.’

The project’s sheer scale is expected to drive its strategic impact but could also come with an enormous price tag.

‘The dome is going to take trillions to build and is the largest military project, probably the largest engineering and technology project ever attempted, so there are going to be challenges getting it done,’ Chell explained.

‘The U.S. has ten years of planning, including where they are going to have communication links, radar systems, and early warning systems.’ That planning, Chell noted, is shifting focus north.

‘In order to protect the U.S., you want to take things down before they get over the top of the country,’ Chell said.

‘Places like Canada, or even further north, become the dropping ground. You want to get these threats as soon as possible.’

Canada and Greenland are viewed by U.S. defense planners as critical for radar coverage, space tracking and early-warning infrastructure.

‘The idea is something being shot down from space, but to do that you need very detailed landscape data of the entire North and you need access to the North,’ Chell said.

President Trump has long argued the U.S. must control Greenland for national security reasons, citing its strategic Arctic location and natural resources.

‘There needs to be infrastructure and oversight in the far north, in Canada, in Greenland, and places like that,’ Chell said. ‘All that planning has to be done well ahead of time, before we have anything operational.’

Chell also pointed to the potential role of drones in supporting the Golden Dome’s broader mission.

‘Drones could be part of informing the Golden Dome as reconnaissance, surveillance and intelligence tools,’ he said, adding that the ‘entire military complex is integrated.’

Fox News Digital has reached out to the Department of War for comment.

This post appeared first on FOX NEWS

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Politics

‘Sorry, Trump’: Ilhan Omar fires back after Trump targets her in Truth Social post

Politics 2 Mins Read

Democratic Rep. Ilhan Omar of Minnesota accused President Donald Trump of ‘deflecting’ after he took aim at her in a Truth Social post on Monday.

In part of his post, Trump said, ‘the DOJ and Congress are looking at ‘Congresswoman’ Illhan Omar, who left Somalia with NOTHING, and is now reportedly worth more than 44 Million Dollars. Time will tell all.’

The left-wing lawmaker fired back in a post on X.

‘Sorry, Trump, your support is collapsing and you’re panicking. Right on cue, you’re deflecting from your failures with lies and conspiracy theories about me. Years of ‘investigations’ have found nothing. Get your goons out of Minnesota,’ she wrote.

Before mentioning Omar in the Monday Truth Social post, Trump had also noted, ‘I am sending Tom Homan to Minnesota tonight. He has not been involved in that area, but knows and likes many of the people there. Tom is tough but fair, and will report directly to me. Separately, a major investigation is going on with respect to the massive 20 Billion Dollar, Plus, Welfare Fraud that has taken place in Minnesota, and is at least partially responsible for the violent organized protests going on in the streets.’

Omar advocates abolishing U.S. Immigration and Customs Enforcement.

‘ICE is beyond reform. Abolish it,’ she declared in part of a Sunday post on X.

In a January 18 Truth Social post, Trump said that Omar should either be jailed or sent back to Somalia.

‘There is 19 Billion Dollars in Minnesota Somalia Fraud. Fake ‘Congresswoman’ Illhan Omar, a constant complainer who hates the USA, knows everything there is to know. She should be in jail, or even a worse punishment, sent back to Somalia, considered one of the absolutely worst countries in the World. She could help to MAKE SOMALIA GREAT AGAIN!’ the president declared in the post.

Omar, who has served in the House of Representatives since early 2019, was born in Somalia and became a U.S. citizen in 2000.

This post appeared first on FOX NEWS

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Business

Trump sues JPMorgan Chase and CEO Jamie Dimon for $5B over alleged ‘debanking’

Business 5 Mins Read

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.’

This post appeared first on NBC NEWS

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Investing

New Found Gold

Investing 9 Mins Read

Investor Insight

New Found Gold is an emerging Canadian gold producer with a multi-asset portfolio in Newfoundland and Labrador, anchored by the high-grade, district-scale Queensway project and complemented by the Hammerdown operation and permitted processing infrastructure at Pine Cove and Nugget Pond. New Found Gold offers a combination of near-term cash flow potential and long-term, district-scale growth.

Overview

New Found Gold (TSXV:NFG,NYSE:NFGC) is an emerging Canadian gold producer with assets located in Newfoundland and Labrador, Canada. The company’s portfolio includes its flagship Queensway gold project, as well as the Hammerdown operation, Pine Cove mill and Nugget Pond hydrometallurgical gold plant.

In 2025, New Found Gold refreshed its board of directors and management team, adding a group of experienced mine builders and operators to support the company’s transition from exploration to production, and build off its established exploration expertise. The reconstituted board is led by chairman Paul Andre Huet and includes seasoned mining executives and capital markets specialists.

In November 2025, New Found Gold completed the acquisition of Maritime Resources, creating a diversified gold company with both development and producing assets in a top-tier jurisdiction. The transaction brought together two high-quality gold projects — Queensway and Hammerdown — and added permitted processing infrastructure, positioning the company to pursue a clear path to production and cash flow.

The company is currently focused on ramping up Hammerdown safely and efficiently through 2026, while advancing Queensway through engineering, permitting and project finance toward a targeted Phase 1 start-up in H2/2027. This multi-asset approach is intended to support near-term cash flow potential while maintaining meaningful exploration and development upside through Queensway’s large, high-grade gold system.

At Queensway, New Found Gold has consolidated a district-scale land position and continues to advance technical work including infill drilling, grade control drilling, geotechnical studies, metallurgical testwork, environmental baseline studies and broader exploration programs. In parallel, the company has engaged Cutfield Freeman as project finance advisor to help evaluate and select an optimal financing package for Queensway Phase 1 initial capital.

Company Highlights

  • District-scale land package at Queensway totaling 230,225 hectares and covering more than 110 kilometres of strike along two major fault zones
  • Hammerdown operation commenced production with a first gold pour in November 2025 and is targeted to ramp up to commercial/steady-state production through 2026
  • Ownership of the Pine Cove operation (fully permitted mill and tailings facility) and Nugget Pond hydrometallurgical gold plant, providing processing infrastructure and optionality to support both Hammerdown and Queensway Phase 1
  • Strengthened management team and refreshed board led by chairman Paul Andre Huet, with a solid shareholder base including cornerstone investor Eric Sprott

Key Projects

Queensway Gold Project

The 100 percent owned Queensway gold project is New Found Gold’s flagship asset and the primary driver of long-term value creation. Located in central Newfoundland, Queensway spans 230,225 hectares and covers more than 110 kilometres of strike along the Appleton and JBP fault zones, highlighting its district-scale exploration potential.

Aerial view of the Queensway gold project, adjacent to the Trans-Canada Highway near Gander, Newfoundland and Labrador

In 2025, New Found Gold published its initial MRE for Queensway, outlining 18 Mt grading 2.40 grams per ton (g/t) gold for 1.39 Moz (indicated), with an additional 10.7 Mt grading 1.77 g/t gold for 0.61 Moz (inferred), establishing a solid mineral resource base to underpin development studies.

In July 2025, New Found Gold completed a PEA for Queensway showing total production of approximately 1.5 Moz over a 15-year mine life and robust base-case economics, including after-tax NPV5 percent of C$743 million and after-tax IRR of 56.3 percent at US$2,500/oz gold, with life-of-mine AISC of US$1,256/oz, and Phase 1 initial capital of approximately C$155 million. The PEA outlines a phased development strategy designed to accelerate the project’s path to production, with Phase 1 focused on high-grade, near-surface mineralization from the Appleton Fault Zone (AFZ) Core and a low-capital processing approach leveraging off-site milling and tailings capacity (including the company’s permitted Pine Cove facility).

The AFZ Core hosts multiple high-grade gold zones, including Keats, Iceberg, Keats West, Lotto and Monte Carlo, which form the foundation of the PEA mine plan. Ongoing infill drilling, grade control drilling, excavation and geotechnical programs are being carried out to support mine planning, improve resource confidence, and advance future mineral resource updates. In 2025, the company completed more than 74,000 metres of diamond drilling, primarily focused on resource definition and pre-development work, alongside continued near-surface excavation, mapping and channel sampling in key zones.

Beyond the current mine plan, continued drilling along strike and at depth across Queensway has delivered new discoveries, highlighting the project’s potential for resource growth beyond the initial PEA scope. Notably, exploration success at targets outside the AFZ Core — including the Dropkick zone — underscores the broader camp-scale potential across the district-scale land package.

Hammerdown Operation

The Hammerdown operation is a high-grade gold project that New Found Gold is advancing through production ramp-up. Following the Maritime acquisition, Hammerdown achieved a first gold pour in November 2025 and is targeted to ramp up to commercial/steady-state production later in 2026.

Hammerdown benefits from on-island processing infrastructure and regional synergies, providing the company flexibility to pursue a production-focused strategy alongside ongoing development at Queensway. Hammerdown is the first step in establishing New Found Gold as a new Canadian gold producer.

Pine Cove Operation and Nugget Pond Hydrometallurgical Gold Plant

New Found Gold also owns the Pine Cove operation, which includes a fully permitted mill and tailings facility, as well as the Nugget Pond hydrometallurgical gold plant. These assets provide the company with permitted processing infrastructure in Newfoundland and Labrador and support operational flexibility as Hammerdown ramps up and Queensway advances toward a phased production strategy.

Management Team

Keith Boyle — Chief Executive Officer and Director

Keith Boyle brings over 40 years of global mining experience, including extensive roles in operations, project development, technical studies, investor relations and budget management. Prior to joining New Found Gold, Mr. Boyle served as chief operating officer at Reunion Gold, where he fast-tracked the high-grade Oko West project in Guyana ahead of its acquisition for $870 million. He holds a Bachelor of Science in Mining Engineering and an MBA, and is a registered professional engineer in Ontario and Newfoundland & Labrador.

Paul Andre Huet – Chairman

Paul Andre Huet is currently the chief executive officer at Americas Gold and Silver and was chairman and CEO of Karora Resources from 2019 to 2024, until its acquisition by Westgold Resources for $1.3 billion. Prior to this he was president, CEO and Director of Klondex Mines from 2012 to 2018, until its acquisition by Hecla Mining Company for $700 million. Huet has a strong command of capital markets and has served in all levels of engineering and operations within publicly traded mining companies. He graduated with Honors from the Mining Engineering Technology program at Haileybury School of Mines in Ontario and successfully completed the Stanford Executive program at the Stanford School of business.

Melissa Render — President

Melissa Render is an exploration geologist with more than 18 years of experience focused on orogenic gold systems. She joined New Found Gold as a consultant in 2020, became vice-president, exploration in 2021, and was promoted to president in 2024. Ms. Render has led exploration programs worldwide across multiple gold belts and brings expertise in target generation, 3D modelling, data management and exploration program design. She holds a Bachelor of Science in Geological and Earth Sciences from Dalhousie University and is a registered professional geoscientist in Ontario and Newfoundland & Labrador.

Hashim Ahmed — Chief Financial Officer

Hashim Ahmed brings 25 years of finance, corporate strategy and capital markets experience to New Found Gold. He has held senior financial and executive positions across the mining industry, including most recently as executive vice-president and CFO at Mandalay Resources. His background spans royalty, mid-tier and senior gold companies. Mr. Ahmed obtained his CA/CPA designation with PricewaterhouseCoopers LLP.

Robert Assabgu — Chief Operating Officer

Robert Assabgu is an experienced mining engineer with expertise in project management, engineering and operations. His career includes leadership roles at Inco/Vale and Hudbay Minerals, where he oversaw multiple mines, concentrators and technical services teams. He also played a key role at Reunion Gold on the Oko West project ahead of the G Mining Ventures acquisition. Mr. Assabgui holds a Bachelor of Engineering degree in Mining and Mineral Engineering from McGill University in Montreal.

Fiona Childe — Vice-president, Communications and Corporate Development

Fiona Childe has more than 25 years of industry experience, beginning as an exploration geologist and later focusing on capital markets, corporate development and investor communications. Throughout her career, she has held senior management positions and consulted for mining companies, such as Mineros S.A. and Tau Capital Corp. with a primary focus on gold. Dr. Childe holds a Ph.D. in geology from the University of British Columbia and a professional geoscientist designation in Ontario.

Jared Saunders — Vice-president, Sustainability

Jared Saunders brings over two decades of experience in environmental science, regulatory compliance and stakeholder engagement. His background includes environmental leadership roles at Vale Newfoundland & Labrador and consulting project experience in environmental risk assessment and contaminated site management. Dr. Saunders holds a Ph.D. in Environmental Sciences degree from the Royal Military College in Kingston, Ontario. He sits on the Board of Directors for Mining Industry, NL as Director – Exploration.

Jelena Novikov Fried — General Counsel and Corporate Secretary

Jelena Novikov Fried has more than 20 years of legal experience in corporate, commercial and securities law. Prior to joining New Found Gold, she served as legal director, corporate and securities at lithium-ion battery recycler Li-Cycle, and practiced corporate and securities law with Cassels Brock & Blackwell LLP and Bennett Jones LLP. Ms. Novikov Fried holds a Juris Doctor from the University of British Columbia.

This post appeared first on investingnews.com

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Investing

Torrent Capital

Investing 5 Mins Read

Overview

Torrent Capital (TSXV:TORR) is a publicly traded investment company providing exposure to an actively managed growth portfolio of public and private investments.

Torrent Capital provides investors with access to a sector-agnostic, actively managed portfolio that blends long-term core holdings with income-generating strategies. Our diversified platform spans public equities, private ventures, and royalty investments. This approach is designed to deliver compounded NAV growth.

Portfolio Overview

Public Equities

Torrent’s core public equity holdings include the following:

Kneat (TSX:KSI) – A leader in SaaS solutions for digitising validation and quality processes in regulated industries, including life sciences. Torrent invested early, recognising Kneat’s scalable platform and its potential to transform compliance-heavy sectors globally.

Lemonade (NYSE:LMND) – An insurance technology company that leverages artificial intelligence to automate operations such as claims processing and policy issuance, disrupting the $2 trillion global insurance market.

SentinelOne (NYSE:S) – A global leader in AI-powered cybersecurity. Torrent invested in SentinelOne for its ability to disrupt traditional security solutions and scale rapidly as enterprises adopt automated threat detection and response.

Fortune Bay (TSXV:FOR) – A Canadian gold exploration company with promising assets in Saskatchewan and Mexico. Torrent’s investment reflects our belief in gold’s enduring role as a hedge against market volatility, coupled with Fortune Bay’s potential to unlock significant resource value through exploration success.

Sona Nanotech (CSE:SONA) – Innovator in nanotechnology with applications across healthcare and diagnostics. Torrent’s investment thesis is based on the potential for Sona’s unique gold nanorods to deliver breakthroughs in medical technology, particularly in diagnostics and cancer treatment.

ReeXploration (TSXV:REE) – A rare earth exploration company focused on the Eureka Project in Namibia. Torrent invested in ReeXploration for its strategic exposure to critical minerals essential to clean energy and advanced technologies.

Private Ventures

Torrent selectively invests in early-stage private ventures with high growth potential.

Holding:

OARO Technologies – A cybersecurity and digital identity company delivering advanced blockchain-powered authentication, digital ticketing, and secure credential solutions. Torrent invested in OARO for its ability to meet the growing global demand for secure, scalable identity management, positioning the company at the intersection of cybersecurity and blockchain adoption.

Royalty Investments

Torrent maintains selective exposure to royalty investments designed to generate potential long-term, recurring cash flows.

Key investment:

Argentia Capital – Argentia Capital is focused on the construction of port infrastructure, the provision of services and equity ownership in businesses that support aquaculture, renewable energy, and oil and gas sectors, as well as other port developments.

Company Highlights

  • Proven Performance Across Market Cycles: NAV grew from ~$0.25 in 2017 to ~$0.87 as of November 30, 2025 (15.84 percent CAGR), Outperforming the S&P500 and TSX Small Cap Index, which increased at rates of 13.13 percent and 7.77 percent respectively.
  • Diversified Investment Model: Combines public equities, private ventures and royalty investments to balance growth and stability through market cycles.
  • Active Management and Transparency: Torrent publishes frequent NAV updates and portfolio disclosures, providing clarity that differentiates it from other investment companies.
  • Proven Leadership: Led by CEO Wade Dawe and a team with over C$2 billion in deals completed, Torrent combines decades of entrepreneurial and capital markets experience across public and private companies.
  • Strategic focus: Targeted exposure to key growth themes—including artificial intelligence, cybersecurity, and critical minerals—balancing innovation with defensive holdings to produce long-term compounding.

Management Team

Torrent’s leadership is aligned with shareholders and focused on long-term value creation.

Wade Dawe – Chief Executive Officer, Director

Wade Dawe is an Atlantic Canadian entrepreneur and skilled investor. Fiercely independent throughout the entirety of his career, he achieved early success internationally in the resource sector and went on to play a pivotal role in a number of companies as a financier and company founder.

Carl Sheppard – President & Chief Operating Officer, Director

Carl Sheppard is the current president and chief operating officer of Torrent Capital and is also the president and managing partner of Strategic Concepts, a business consulting company. For the past 30 years, he has provided consulting services to many of Canada’s leading resource companies and organizations. He has participated in numerous economic studies, strategic plans, cost/benefit reports and business plans targeted at the identification of development opportunities.

Eric Thompson – Chief Financial Officer

Eric Thompson has over ten years of accounting and assurance experience in both public practice and industry. Prior to assuming the CFO position, he served as the controller of Torrent Capital, contributing to enhanced financial reporting and treasury oversight.

Evan Dawe, CFA – Portfolio Manager – Public Equities

Evan Dawe is a Portfolio Manager at Torrent Capital, focused on identifying high-growth public equity opportunities across U.S. and Canadian markets. He brings a rigorous, fundamentals-driven approach with a strong emphasis on business quality, competitive positioning, and long-term value creation. Evan is a CFA charter holder and holds a Bachelor of Commerce degree from Queen’s University. Prior to Torrent Capital, he served as a Corporate Development Officer at Numus Capital, where he sourced venture capital deal flow and coordinated capital raises for early-stage companies.

Jim Megann – Director

Jim Megann is Managing Director of Numus Financial and serves as a Director of OARO Technologies. He has extensive experience in capital markets, corporate development, and strategic communications, and is the former Chair of NWest Energy.

Carl Hansen – Director

Carl Hansen is CEO of Cascada Silver Corp. and a geologist with more than 30 years of experience in exploration, mining, and public markets. He has led multiple successful exploration companies and has significant experience in corporate finance and capital formation.

Wayne Myles – Director

Wayne Myles is a legal advisor specializing in international mergers and acquisitions, corporate, and commercial law. He provides strategic legal guidance to Torrent’s management and board on governance and cross-border transaction structures.

This post appeared first on investingnews.com

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Politics

Trump hails ‘great and very brave’ UK soldiers after slamming NATO allies’ Afghanistan service

Politics 2 Mins Read

President Donald Trump praised the soldiers of the United Kingdom who served alongside the U.S. in Afghanistan on Saturday, clarifying his previous criticism of NATO allies.

Trump had earlier criticized NATO troops who served in Afghanistan, arguing they had stayed ‘a little bit back’ from the frontlines during the conflict. His statement was met with outrage in the U.K., however, where Prime Minister Kier Starmer called it ‘insulting and frankly, appalling.’

‘The GREAT and very BRAVE soldiers of the United Kingdom will always be with the United States of America! In Afghanistan, 457 died, many were badly injured, and they were among the greatest of all warriors,’ Trump wrote on Truth Social.

‘It’s a bond too strong to ever be broken. The U.K. Military, with tremendous Heart and Soul, is second to none (except for the U.S.A.!). We love you all, and always will!’ he continued.

The social media post partially walks back his previous criticism of NATO, made during an interview on Fox Business.

‘We have never really asked anything of them,’ he said. You know, they’ll say they sent some troops to Afghanistan or this or that, and they did. They stayed a little back, little off the front lines.’

Starmer’s office says the prime minister raised the issue with Trump during a phone call this weekend.

‘The Prime Minister raised the brave and heroic British and American soldiers who fought side by side in Afghanistan, many of whom never returned home,’ a spokesperson said. ‘We must never forget their sacrifice.’

Trump’s initial remarks also drew a direct rebuke from Prince Harry, who served two tours in Afghanistan.

‘I served there. I made lifelong friends there. And I lost friends there,’ Harry said.

‘Those sacrifices deserve to be spoken about truthfully and with respect, as we all remain united and loyal to the defense of diplomacy and peace,’ he added.

This post appeared first on FOX NEWS

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