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Sankamap Metals Inc. (CSE: SCU) (‘Sankamap’ or the ‘Company’) the Company and its auditor continue to work diligently toward the completion and filing of the Company’s annual audited financial statements and management’s discussion and analysis for the fiscal year ended June 30, 2025 (the ‘Required Filings’). The Company has applied to the Alberta Securities Commission for an extension of the Management Cease Trade Order (‘MCTO’), however, there can be no assurance that a further extension will be granted. The additional delay in completing the Required Filings is primarily due to the auditor awaiting the receipt of certain required information from government authorities in Solomon Islands, as well as timing constraints associated with the holiday period. The Company estimates that approximately 90% of the audit work has been completed.

The Required Filings were due to be filed by October 28, 2025. In connection with the anticipated delays in making the Required Filings, the Company made an application for a Management Cease Trade Order (‘MCTO‘) under National Policy 12-203 Management Cease Trade Orders (‘NP 12-203‘) to the Alberta Securities Commission, as principal regulator for the Company, and the MCTO was issued on October 29, 2025. The MCTO restricts all trading by the Company’s CEO and CFO in securities of the Company, whether direct or indirect. The MCTO does not affect the ability of persons who are not directors, officers or insiders of the Company to trade their securities. The MCTO will remain in effect until the Required Filings are filed or until it is revoked or varied.

The Company expects to proceed with the filing of its interim first-quarter financial statements shortly after the Required Filings have been completed and submitted.

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

For further information with respect to the MCTO, please refer to the Company’s news releases dated October 21, 2025, November 4, 2025, November 18, 2025, December 3, 2025 and December 17, 2025, available for viewing on the Company’s SEDAR+ profile at www.sedarplus.ca.

About Sankamap Metals Inc.

Sankamap Metals Inc. (CSE: SCU) is a Canadian mineral exploration company dedicated to the discovery and development of high-grade copper and gold deposits through its flagship Oceania Project, located in the South Pacific. The Company’s fully permitted assets are strategically positioned in the Solomon Islands, along a prolific geological trend that hosts major copper-gold deposits; including Newcrest’s Lihir Mine, with a resource of 71.9 million ounces of gold¹ (310 Mt containing 23 Moz Au at 2.3 g/t P+P, 520 Mt containing 39 Moz Au at 2.3 g/t indicated, 81 Mt containing 5 Moz Au at 1.9 g/t measured, 61 Mt containing 4.9 Moz Au at 2.3 g/t Inferred).

Exploration is actively advancing at both the Kuma and Fauro properties, part of Sankamap’s Oceania Project in the Solomon Islands. Historical work has already highlighted the mineral potential of both sites, which lie along a highly prospective copper and gold-bearing trend, suggesting the possibility of further, yet-to-be-discovered deposits.

At Kuma, the property is believed to host an underexplored and largely untested porphyry copper-gold (Cu-Au) system. Historical rock chip sampling has returned consistently elevated gold values above 0.5 g/t Au, including a standout sample assaying 11.7% Cu and 13.5 g/t Au2; underscoring the area’s significant potential.

At Fauro, particularly at the Meriguna Target, historical trenching has returned highly encouraging results, including 8.0 meters at 27.95 g/t Au and 14.0 meters at 8.94 g/t Au3. Complementing these results are exceptional grab sample assays, including historical values of up to 173 g/t Au3, along with recent sampling by Sankamap at the Kiovakase Target, which returned numerous high-grade copper values, reaching up to 4.09% Cu. In addition, limited historical shallow drilling intersected 35.0 meters at 2.08 g/t Au3, further underscoring the property’s strong mineral potential and the merit for continued exploration. With a commitment to systematic exploration and a team of experienced professionals, Sankamap aims to unlock the untapped potential of underexplored regions and create substantial value for its shareholders. For more information, please refer to SEDAR+ (www.sedarplus.ca), under Sankamap’s profile.

1.Newcrest Technical Report, 2020 (Lihir: 310 Mt containing 23 Moz Au at 2.3 g/t P+P, 520 Mt containing 39 Moz Au at 2.3 g/t indicated, 81 Mt containing 5 Moz Au at 1.9 g/t measured, 61 Mt containing 4.9 Moz Au at 2.3 g/t Inferred)

2. Historical grab, soil and BLEG samples from SolGold Kuma Review June 2015, and SolGold plc Annual Report 2013/2012

3. September 2010-June 2012 press releases from Solomon Gold Ltd. and SolGold Fauro Island Summary Technical Info 2012

QP Disclosure

The technical content for the Oceania Project in this news release has been reviewed and approved by John Florek, M.Sc., P.Geol., a Qualified Person in accordance with CIM guidelines. Mr. John Florek is in good standing with the Professional Geoscientists of Ontario (Member ID:1228) and a director and officer of the Company.

ON BEHALF OF THE BOARD OF DIRECTORS

s/ ‘John Florek’
John Florek, M.Sc., P.Geol
Chief Executive Officer
Sankamap Metals Inc.

Contact:
John Florek, CEO
T: (807) 228-3531
E: johnf@sankamap.com

The Canadian Securities Exchange has not approved nor disapproved this press release.

Forward-Looking Statements

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

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/279270

News Provided by Newsfile via QuoteMedia

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The NASDAQ Biotechnology Index (INDEXNASDAQ:NBI) is trading at three year highs despite market volatility, responding to breakthrough innovations and increased deals involving NASDAQ biotech stocks.

After dropping to a low of 3,637.05 in October 2023, the index climbed to a nearly three year peak of 4,954.813 on September 19, 2024. While the index pulled back to 4,530.69 in August 2025, it staged a robust recovery in the second half of the year, closing at 5,766.59 on December 29, 2025, a gain of approximately 34 percent for the year.

The top NASDAQ biotech stocks have seen sizeable share price increases over the past year. For those interested in investing in biotech companies, the best-performing small-cap biotech stocks are outlined below.

Data was gathered on December 29, 2025, using TradingView’s stock screener. Small-cap biotech stocks with market caps between US$50 million and US$500 million at that time were considered for this list.

1. SELLAS Life Sciences Group (NASDAQ:SLS)

Year-to-date gain: 210.19 percent
Market cap: US$477.18 million
Share price: US$3.35

SELLAS Life Sciences Group is a late-stage biopharmaceutical company focused on novel cancer immunotherapies. The company’s approach involves ‘teaching’ the immune system to recognize and kill cancer cells by targeting specific proteins that are overexpressed in tumors.

Its flagship asset is galinpepimut-S (GPS), a vaccine-like immunotherapy for patients with acute myeloid leukemia (AML) who are in remission but at high risk of relapse. Its secondary asset, SLS009, is a highly selective CDK9 inhibitor currently showing promise in Phase 2 trials for various blood cancers.

The company’s stock price surged on December 29 after SELLAS shared an update on the Phase 3 REGAL trial evaluating GPS as a maintenance therapy in patients with AML. The trial is designed as a blind survival study, with the end point triggered on the 80th patient death.

In the update, the company reported that 72 deaths had occurred as of December 26. Because it is taking longer than expected for the trial to complete, which was previously anticipated to happen before the end of 2025, investors are speculating that the patients in the trial are living significantly longer than the historical average.

2. IO Biotech (NASDAQ:IOBT)

Year-to-date gain: 129.47 percent
Market cap: US$144.28 million
Share price: US$2.16

IO Biotech is developing immune-modulating therapeutic cancer vaccines based on its T-win technology platform, designed to activate T cells to target both tumor cells and the immune-suppressive cells.

The clinical-stage biopharmaceutical company’s lead cancer vaccine candidate is IO102-IO103, which has the brand name Cylembio. IO102-IO103 has breakthrough therapy designation from the US Food and Drug Administration (FDA) when used in combination with Merck’s (NYSE:MRK) anti-PD-1 therapy Keytruda for the treatment of advanced melanoma based on positive Phase 1/2 first line metastatic melanoma data.

The candidate reached a major milestone in August 2025 with the readout of its pivotal Phase 3 trial of IO102-IO103 with Keytruda for treating advanced melanoma. While the vaccine combined with Keytruda showed a significant survival benefit — reaching 19.4 months of progression-free survival compared to 11 months for Keytruda alone — it narrowly missed the strict statistical significance threshold.

Following a December meeting with the FDA to discuss a path forward for Cylembio, IO Biotech ended the year focused on a new registrational trial to address the Phase 3 miss and securing further funding to extend its operations into 2026.

Throughout 2025, the company continued to expand its pipeline. In November, it presented new pre-clinical data for IO112 targeting arginase 1 and for IO170 targeting transforming growth factor.

3. Tiziana Life Sciences (NASDAQ:TLSA)

Year-to-date gain: 124.64 percent
Market cap: US$184.22 million
Share price: US$1.55

Tiziana Life Sciences is a clinical-stage biopharma which is developing therapies for autoimmune and inflammatory diseases, degenerative diseases and cancer-related to the liver. Its pipeline of candidates is built on its patented drug delivery technology that provides a possible alternative to intravenous delivery.

Tiziana’s lead candidate is intranasal foralumab, a fully human anti-CD3 monoclonal antibody, which it is currently studying for treatment of a range of conditions.

In March, the company filed an investigational new drug application with the FDA for a Phase 2 clinical trial in amyotrophic lateral sclerosis (ALS), which is supported by the ALS Association. The Phase 2 trial is slated to begin in January 2026. Tiziana also began dosing patients in a Phase 2a trial for multiple system atrophy in August.

In April, John Hopkins University and the University of Massachusetts commenced dosing of the biotech company’s intranasal foralumab in Phase 2 trials for patients with non-active secondary progressive multiple sclerosis (MS). On May 7, the company shared positive results from the use of its lead candidate in improving the quality of life for patients with that form of MS.

Tiziana is also studying the use of intranasal foralumab for treating moderate Alzheimer’s disease. On May 9, it announced that PET scans of a patient with moderate Alzheimer’s showed a significant reduction in microglia activation associated with neuroinflammation after three months of treatment.

On July 21, the company announced an ‘unexpected discovery’ following immunologic analysis of the patient with Alzheimer’s disease: ‘The analysis revealed an increase in phagocytosis markers in classical monocytes, suggesting that nasal foralumab may enhance their ability to clear amyloid plaques. This unexpected effect may open new avenues for treating Alzheimer’s Disease by targeting both inflammation and amyloid accumulation.’

The company dosed the first patient in its randomized Phase 2 Alzheimer’s trial in December.

To end the year, Tiazana submitted a comprehensive safety report to the FDA documenting over 37 patient-years of treatment with no serious drug-related adverse events across its studies.

4. Spero Therapeutics (NASDAQ:SPRO)

Year-to-date gain: 119.05 percent
Market cap: US$129.58 million
Share price: US$2.30

Spero Therapeutics is developing novel treatments for rare diseases and multi-drug resistant bacterial infections with high unmet need.

The company’s lead drug candidate is tebipenem pivoxil hydrobromide (HBr), a late-stage development asset developed in collaboration with pharma giant GSK (NYSE:GSK). GSK has an exclusive license agreement to commercialize the drug candidate in most markets.

Tebipenem HBr is an oral carbapenem developed to treat complicated urinary tract infections (cUTIs), including pyelonephritis. The FDA granted tebipenem HBr qualified infectious disease product and fast-track designations.

Spero’s stock surged 245 percent on May 28 to reach US$2.35 after the company reported that its Phase 3 trial evaluating tebipenem HBr for treating cUTIs met its primary endpoint and stopped early for efficacy.

On December 19, GSK officially filed the new drug application resubmission to the FDA for tebipenem HBr for treating cUTIs supported by the Phase 3 results. This filing triggered a US$25 million milestone payment to Spero that is expected in Q1 2026.

5. OKYO Pharma (NASDAQ:OKYO)

Year-to-date gain: 60.50 percent
Market cap: US$74.85 million
Share price: US$1.91

OKYO Pharma is a clinical-stage biopharma company developing therapies for the treatment of neuropathic corneal pain and dry eye disease. Its lead candidate is urcosimod, a non-steroidal anti-inflammatory and non-opioid analgesic.

OKYO is currently evaluating urcosimod for the treatment of neuropathic corneal pain. The treatment received fast track designation from the FDA in May after the company ended its Phase 2 clinical trial early to analyze data.

On July 17, the company posted strong top-line data from the Phase 2 trial and stated it is planning a meeting with the FDA to discuss next steps for its lead drug candidate. The following day, OKYO received US$1.9 million in non-dilutive funding to support its clinical development of urcosimod.

In September, OKYO announced a 120 patient, multi-center multiple ascending dose clinical trial designed to identify the optimal dose for Phase 3 registration.

A scientific breakthrough followed on December 11, when new imaging data revealed that urcosimod may actually help restore corneal nerve structure, showing median increases in nerve fiber count and length, while those in the placebo group saw median decreases for both.

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

This post appeared first on investingnews.com

LaFleur Minerals Inc. (CSE: LFLR,OTC:LFLRF) (FSE: 3WK0) (‘LaFleur Minerals’ or the ‘Company’ or ‘Issuer’) is pleased to announce that, further to its news releases dated December 15, 2025, and December 16, 2025, the Company has completed its previously announced non-brokered private placement of units of the Company (the ‘LIFE Units’) at a price of $0.50 per Unit under the Listed Issuer Financing Exemption (as defined herein) for an upsized amount and gross proceeds of $4,695,000 (the ‘LIFE Offering’). The Company also announces that it has closed its previously announced Flow-Through Offering (the ‘FT Units’) at a price of $0.60 per flow-through unit for an oversubscribed amount and gross proceeds of $2,205,421.

With both these financings closed, upsized due to demand and oversubscribed, LaFleur is now funded for the restart of its Beacon Gold Mill, intending to source mineralized material from its nearby Swanson Gold Project, and starting with an estimated 10,000-20,000 metric tons (mt) of mineralized stockpiles remaining on the site of its wholly-owned Beacon Gold Mill.

FMI Securities Inc. acted as a special advisor and selling group member on the closed LIFE and FT Offerings, along with participation from other key investment banks and advisory firms such as Red Cloud Securities Inc., Ventum Financial Corp., Canaccord Genuity Group Inc., Research Capital Corp., Raymond James Ltd. and Stonegate Securities Ltd.

Beacon Gold Mill: A Strategic, High-Value Infrastructure Asset

The Company is uniquely positioned as one of the few junior gold companies in Canada that owns a fully permitted, existing gold mill, providing a clear pathway to cash flow without the long timelines, dilution, and capital intensity typically associated with mill construction. The completion of these financings materially de-risks LaFleur’s business model, enabling the Company to advance directly into gold production at its Beacon Gold Mill while simultaneously unlocking value from its nearby Swanson Gold Project. This vertically integrated strategy allows LaFleur to control the full value chain, from mineralized material to doré, creating the potential for early revenue generation, margin capture, and shareholder value accretion.

LaFleur’s wholly-owned Beacon Gold Mill represents a rare and highly strategic asset within the Abitibi Gold Belt. The 750 tpd mill is fully constructed, in good condition, permitted, historically proven, and ready for restart of operations, significantly reducing execution risk and capital requirements compared to greenfield development scenarios. With funding now secured, the Company intends to restart mill operations and advance toward gold production, with impending Preliminary Economic Assessment (‘PEA’) results expected mid-January, positioning LaFleur as the newest producer in one of the world’s most prolific gold districts. Led by Environmental Resources Management (ERM), a global mining, sustainability, and environmental consulting firm with extensive technical mining expertise, the PEA is conducted for the purpose of evaluating the restart of gold production at LaFleur’s wholly-owned and recently refurbished Beacon Gold Mill using mineralized material from its nearby Swanson Gold Deposit, both located in the recognized mining camp of Val-d’Or, Québec. Ownership of the Beacon Gold Mill provides LaFleur with operational flexibility and optionality, including the ability to process mineralized material from its own project and potentially third-party feed from regional deposits, creating additional revenue opportunities beyond its core assets.

Swanson Gold Project: High-Grade Feed Potential Close to the Mill

The Swanson Gold Project, located in close proximity to the Beacon Gold Mill, is a cornerstone of LaFleur’s production strategy. The project hosts various showings of high-grade gold mineralization within the Abitibi Greenstone Belt, positioned in an area renowned for producing over 200 million ounces of gold historically. The Company plans to advance Swanson as a primary source of mill feed, leveraging short haul distances to reduce operating costs and enhance project economics. With funding in place, LaFleur can aggressively advance exploration and development activities at Swanson, targeting the definition of near-surface, high-grade zones that could be rapidly transitioned into production. This approach supports a low-capex, staged production model designed to generate cash flow while continuing to grow the resource base.

Beacon-Swanson Synergy: A Clear Path to Value Creation

The combination of a wholly-owned, restart-ready gold mill and a nearby, district-scale gold project with high-grade potential, positions LaFleur Minerals as a differentiated junior gold company with a clear and executable growth strategy. Being funded enables the Company to move decisively toward production, reduce financing risk, and focus on operational execution. Management believes this milestone places LaFleur in a strong position to deliver near-term production, establish cash flow, and build a scalable gold platform in Québec, creating long-term value for shareholders as the Company advances toward becoming a sustainable gold producer.

Financing Details

Each Unit of the LIFE Offering consists of one common share in the capital of the Company (a ‘LIFE Share‘) and one transferrable common share purchase warrant (a ‘LIFE Warrant‘). Each Warrant entitled the holder to purchase one additional common share at a price of $0.75 for a period of 36 months from the date of issuance. Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 – Prospectus Exemptions (‘NI 45-106‘), the LIFE Offering was made to purchasers’ resident in all provinces of Canada, except Quebec, pursuant to the listed issuer financing exemption under Part 5A of NI 45-106 (the ‘Listed Issuer Financing Exemption‘). The securities offered under the Listed Issuer Financing Exemption are not subject to a hold period in accordance with applicable Canadian securities laws.

Each Unit of the Flow-Through Offering consists of one common share in the capital of the Company, to be issued as a ‘flow-through share’ within the meaning of the Income Tax Act (Canada) and the Taxation Act (Québec) (each, a ‘FT Share‘), and one transferrable common share purchase warrant (a ‘FT Warrant‘). Each Warrant entitled the holder to purchase one additional common share at a price of $0.75 for a period of 24 months from the date of issuance. The Warrants are subject to an accelerated expiry upon thirty (30) business days’ notice from the Company in the event the closing price of the Company’s common shares on the Canadian Securities Exchange (the ‘CSE‘) is equal to or above a price of $0.90 for fourteen (14) consecutive trading days any time after closing of the Offering.

In connection with the LIFE and FT Offerings, the Company paid an aggregate cash finder fee of $480,229.43 and issued an aggregate of 909,466 non-transferable finders’ warrants (each, a ‘Finder’s Warrant‘). Each Finder’s Warrant entitles the holder to acquire one common share in the capital of the Company at a price of $0.75 each for a period of 24 months from the date of issuance, all in accordance with the policies of the CSE.

The gross proceeds from the LIFE Offering will be used for the advancement of exploration initiatives at the Company’s Swanson Gold Project and for operational purposes for the restart of gold production operations at the Company’s wholly-owned Beacon Gold Mill, in addition to working capital and general corporate expenses.

This news release is not an offer to sell or the solicitation of an offer to buy the securities in the United States or in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification or registration under the securities laws of such jurisdiction. The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended (the ‘U.S. Securities Act’), and such securities may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent an exemption from registration under the U.S. Securities Act and applicable U.S. state securities laws. ‘United States’ and ‘U.S. person’ are as defined in Regulation S under the U.S Securities Act.

About LaFleur Minerals Inc.

LaFleur Minerals Inc. (CSE: LFLR,OTC:LFLRF) (FSE: 3WK0) is focused on the development of district-scale gold projects in the Abitibi Gold Belt near Val-d’Or, Québec. Our mission is to advance mining projects with a laser focus on our resource-stage Swanson Gold Deposit and the Beacon Gold Mill, which have significant potential to deliver long-term value. The Swanson Gold Project is approximately 18,304 hectares (183 km2) in size and includes several prospects rich in gold and critical metals previously held by Monarch Mining, Abcourt Mines, and Globex Mining. LaFleur has recently consolidated a large land package along a major structural break that hosts the Swanson, Bartec, and Jolin gold deposits and several other showings which make up the Swanson Gold Project. The Swanson Gold Project is easily accessible by road allowing direct access to several nearby gold mills, further enhancing its development potential. Lafleur Mineral’s fully refurbished and permitted Beacon Gold Mill is capable of processing over 750 tonnes per day and is being considered for processing mineralized material at Swanson and for custom milling operations for other nearby gold projects.

ON BEHALF OF LaFleur Minerals INC.

Paul Ténière, M.Sc., P.Geo.
Chief Executive Officer
E: info@lafleurminerals.com
LaFleur Minerals Inc.
1500-1055 West Georgia Street
Vancouver, BC V6E 4N7

Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this news release.

Cautionary Statement Regarding ‘Forward-Looking’ Information

This news release includes certain statements that may be deemed ‘forward-looking statements’. All statements in this new release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words ‘expects’, ‘plans’, ‘anticipates’, ‘believes’, ‘intends’, ‘estimates’, ‘projects’, ‘potential’ and similar expressions, or that events or conditions ‘will’, ‘would’, ‘may’, ‘could’ or ‘should’ occur. Forward-looking statements in this news release include, without limitation, statements related to the anticipated use of proceeds from the LIFE Offering. 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 may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/279262

News Provided by Newsfile via QuoteMedia

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Escalating claims by Russia that Ukraine tried to hit a residence used by President Vladimir Putin with drones have been dismissed by a top military drone expert, who called the alleged attack ‘hard to fathom’ and tactically implausible.

Cameron Chell’s comments came as Moscow doubled down on accusations Kyiv has flatly denied, with the drone industry leader arguing the alleged strike announced Monday runs counter to Ukraine’s drone tactics.

Chell, the CEO and co-founder of Draganfly, a drone manufacturer that supplies to the U.S. Department of Defense and allied militaries, including Ukraine, said Russia’s claims lack credibility.

‘What really makes things usually very signature about Ukraine is that they’re always incredibly clever about how they use drones,’ Chell told Fox News Digital.

‘They are clever from a cost perspective — let’s call it an efficiency perspective — but also very clever in their tactics,’ he added.

‘I find it hard to fathom that this drone attack even happened on Putin’s residence or that it was something that Ukraine orchestrated for a number of reasons,’ Chell said.

‘To get over the top of Putin’s residence, for one, the drones would not have been launched from a very long distance away,’ he added.

Chell’s comments came as Russia doubled down Tuesday on accusations that Ukraine attempted to strike a presidential palace in the Novgorod region using drones, allegedly to disrupt peace efforts.

Kyiv dismissed the allegation, with the timing also raising questions given the upbeat tone of a recent meeting between President Trump and Ukrainian President Volodymyr Zelenskyy in Florida.

Russian Foreign Minister Sergey Lavrov claimed late Monday that 91 drones were intercepted en route to Putin’s residence on the shores of Lake Valdai.

His statement appeared to contradict earlier Defense Ministry tallies, which said 89 drones were shot down over eight regions, including 18 over Novgorod, later adding another 23.

Only after Lavrov spoke did the ministry allege that 49 drones intercepted over Bryansk, nearly 300 miles away, were also targeting Valdai.

Asked about wreckage, Kremlin spokesman Dmitry Peskov said it was ‘a matter for our military,’ while calling Zelenskyy’s denial and Western skepticism ‘completely insane.’

Peskov said Russia’s diplomatic stance would be toughened, and Duma Speaker Vyacheslav Volodin vowed there could be ‘no forgiveness’ for Zelenskyy.

Chell said the story simply does not add up. ‘To attack Putin’s residence, you need long-range, very fast-moving drones,’ he said.

He added that for drones that small to reach such a site, they would have had to be launched from a much closer location, likely inside Russia itself.

‘They would have to be within about 10 kilometers [6.2 miles] — or maybe, at most, 30 kilometers — of Putin’s residence,’ Chell said.

‘That facility where Putin lives would also be incredibly secure, and so to have a number of lower-cost, slower-moving drones coming in on that facility would be very un-Ukrainian,’ Chell said.

‘Ukraine also doesn’t announce when they’re going to show up,’ he added.

Chell also noted that night operations would rule out GPS- or AI-based navigation due to jamming and visibility limits, making the launch of dozens of drones even less plausible.

‘Apparently the thing was at night, so that’s very difficult for machine vision or AI mapping software,’ he said. ‘So, you know, it definitely wasn’t using GPS, because it would have been jammed. There are just a bunch of things that don’t add up.’

Politically, Chell argued, Ukraine has nothing to gain. ‘They’re bold, but right in the middle of peace talks — when they need Trump on side — it makes no sense,’ he said. ‘Ukraine is just politically too smart to have done that.’

Zelenskyy on Monday also called the claim a complete fabrication, accusing Moscow of laying the groundwork for further attacks. 

Lavrov warned of retaliation but said Russia would continue talks with Washington.

Trump also said he learned of the alleged attack directly from Putin and was ‘very angry about it.’ Asked whether there was evidence, Trump replied, ‘We’ll find out.’

Fox News Digital has reached out to the Kremlin for comment.

This post appeared first on FOX NEWS

Two West African nations have issued a simultaneous ban on American citizens in a diplomatic tit-for-tat move, amidst heightened tensions with both the United States and Europe, and as Russia seeks to increase its economic and geopolitical influence in the region.

Mali and Burkina Faso made the move in response to the Trump administration’s Dec. 16 expansion of travel restrictions to more than 20 countries. The policy particularly affected the African continent, with Chad, Equatorial Guinea, Eritrea, Libya, Niger, Republic of the Congo, Sierra Leone, Somalia, South Sudan and Sudan also being subject to travel restrictions.

The Trump administration cited the persistence of armed attacks in both nations as part of the rationale for its decision:

‘According to the Department of State, terrorist organizations continue to plan and conduct terrorist activities throughout Burkina Faso. According to the Fiscal Year 2024, Department of Homeland Security (DHS) Entry/Exit Overstay Report (‘Overstay Report’), Burkina Faso had a B-1/B-2 visa overstay rate of 9.16 percent and a student (F), vocational (M), and exchange visitor (J) visa overstay rate of 22.95 percent. Additionally, Burkina Faso has historically refused to accept back its removable nationals.’

Regarding its decision to include Mali on the list, it stated:

‘According to the Department of State, armed conflict between the Malian government and armed groups is common throughout the country.  Terrorist organizations operate freely in certain areas of Mali.’

Burkina Faso and Mali are both currently ruled by military juntas that came to power amidst rising violence and instability, as both nations came under attack from Islamist terrorist groups.

Both nations have also seen a rise in anti-French sentiment, in conjunction with deepening relationships with Russia, which has pledged to offer assistance in fighting back the Islamist rebels battling the central governments for territorial control.

‘In accordance with the principle of reciprocity, the Ministry of Foreign Affairs and International Cooperation informs the national and international community that, with immediate effect, the Government of the Republic of Mali will apply the same conditions and requirements to US nationals as those imposed on Malian citizens,’ the Malian Ministry of Foreign Affairs stated.

Burkina Faso’s government cited a similar rationale for issuing its ban on American travelers.

Both nations, as well as neighboring Niger and Nigeria, have seen skyrocketing violence in recent years, as chronically underfunded governments struggle to retain control of rural, sparsely-populated desert regions.

The Associated Press contributed to this report.

This post appeared first on FOX NEWS

U.S. and partner forces killed or captured nearly 25 Islamic State operatives in Syria in the days following a large-scale U.S.-led strike on Dec. 19, according to a new statement from U.S. Central Command, underscoring Washington’s assessment that ISIS remains an active and persistent threat inside the country.

CENTCOM said those forces conducted 11 follow-on missions between Dec. 20 and Dec. 29, killing at least seven ISIS members, capturing the remainder and eliminating four ISIS weapons caches. The operations followed Operation Hawkeye Strike, when U.S. and Jordanian forces hit more than 70 ISIS targets across central Syria using over 100 precision munitions, destroying infrastructure and weapons sites linked to the group. 

‘We will not relent,’ CENTCOM Commander Adm. Brad Cooper said, adding that U.S. forces remain ‘steadfast’ in working with regional partners to dismantle ISIS networks that pose a threat to U.S. and regional security.

The scope of the follow-on raids highlights a reality U.S. commanders and analysts have been warning about for months: ISIS no longer controls large swaths of territory, but it retains the ability to organize, strike and regenerate inside Syria’s fragmented security landscape.

Syria remains divided among competing forces, militias and foreign-backed armed groups, with no single authority exercising full control over large parts of the country. Analysts say that vacuum continues to provide space for ISIS cells to operate quietly, recruit and exploit overstretched local forces.

Analysts note that Syria’s security environment remains shaped by former jihadist networks that were never fully demobilized after the war. The country’s transitional leadership, including President Ahmed al-Sharaa, emerged from armed Islamist factions that relied heavily on foreign fighters and militias, according to regional security assessments. While those groups are not synonymous with ISIS, experts say the incomplete dismantling of extremist networks has left gaps that ISIS cells continue to exploit.

‘ISIS today doesn’t need a caliphate to be dangerous,’ Bill Roggio told Fox News Digital. ‘We’ve always been quick to declare terrorist organizations defeated and insignificant, and that couldn’t be further from the truth.’

Roggio said the group has adapted rather than disappeared, shifting away from holding territory toward smaller, more covert cells capable of carrying out lethal attacks. He pointed to ongoing ISIS activity not only in Syria and Iraq, but also in Afghanistan and other regions, citing United Nations reporting that estimates roughly 2,000 ISIS fighters remain active in Afghanistan alone.

‘That’s not what a defeated group looks like,’ Roggio said, noting that ISIS continues to recruit, indoctrinate and inspire attacks even without the visibility it once had.

One of the most sensitive vulnerabilities remains the network of detention facilities in northeastern Syria holding thousands of ISIS terrorists and supporters. Those prisons are guarded primarily by Kurdish-led forces backed by a small U.S. military presence, estimated at roughly 1,000 troops, according to Reuters.

U.S. and coalition officials have repeatedly warned that any major disruption to prison security could allow hardened ISIS operatives to escape and reconstitute networks across Syria and beyond. Kurdish officials have also raised concerns about funding shortages, manpower strain and pressure from rival militias operating nearby.

While U.S. officials have not publicly linked the recent strikes to prison-related threats, analysts say the broader environment of fragmented control increases the risk of coordinated attacks, insider assistance or prison unrest.

The danger is not theoretical. ISIS has previously staged mass prison break operations in Syria and Iraq, including a 2022 assault on the al-Sinaa prison in Hasakah that required days of fighting to contain.

The U.S. strikes also come amid continued instability inside Syria, where multiple armed actors operate with overlapping authority. Analysts note that clashes among militias, sectarian violence and unresolved command structures have weakened overall security and diverted attention from counterterrorism efforts.

Bombings in neighborhoods of Damascus, including Mezzeh, and unrest in minority areas have further illustrated the gaps ISIS and other extremist groups can exploit, according to regional security assessments and open-source reporting.

‘Syria’s chaos is the accelerant,’ Roggio said. ‘ISIS thrives where no one is fully in charge.’

U.S. officials and analysts stress that ISIS activity in Syria is part of a wider pattern rather than an isolated flare-up.

Sources in the Israeli Mossad told Fox News Digital of continued ISIS-linked activity across multiple theaters, including recruitment networks and small-scale attacks designed to test security responses and maintain operational relevance.

In Turkey, security forces recently clashed with Islamic State militants during counterterrorism operations, wounding several officers, according to Reuters on Monday. Turkish authorities said the raids targeted ISIS cells suspected of planning attacks inside the country.

‘These are signals, not spikes,’ Roggio said. ‘ISIS operates across regions, adapting to pressure and exploiting weak governance wherever it finds it.’

The renewed U.S. military action raises difficult questions for policymakers about how long the current containment strategy can hold.

While U.S. officials say the Dec. 19 strikes delivered a significant blow to ISIS infrastructure, they have also acknowledged that counterterrorism operations alone cannot eliminate the underlying conditions that allow the group to persist.

‘Just because we want to declare the war against terror over doesn’t mean it’s over,’ Roggio said. ‘The enemy gets a vote.’

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This year brought us Trump the Sequel and that meant the left had extra motivation to be annoying. Their hatred of President Donald Trump, conservatives and even the late Charlie Kirk defined 2025.

Still, there were some who outdid everyone else in their quest to be, drumroll, please, the Most Annoying Person of 2025. I ignored people who made news saying just one idiotic comment or who are just obscure media personalities. (Like Matthew Dowd who lost his bogus MSNBC job for his comments bashing Turning Point USA founder Charlie Kirk for ‘hate speech’ after Kirk had been murdered.)

1. He was funny 20 years ago

No one deserves the top spot on this list more than ‘Jimmy Kimmel Live!’ host Jimmy Kimmel. Most late-night programs have faded from view as their hosts have turned them into orgies of Trump-bashing. But Kimmel excels at hating conservatives so much that he almost qualifies to be a male cast member of ‘The View.’ (Yep, they’re here, too.)

Kimmel gained more attention for saying vile things and fighting Trump than for anything funny.

Former ‘Late Show’ host David Letterman termed Kimmel, ‘the leader of the resistance,’ and Kimmel later cried millionaire tears because he had a ‘hard year.’ He earned a temporary suspension with one of the worst comments about the Kirk assassination, saying, ‘We hit some new lows over the weekend, with the MAGA gang desperately trying to characterize this kid who murdered Charlie Kirk as anything other than one of them and everything they can to score political points from it.’ He was wrong, of course, but we are used to that. Trump later said, ‘Jimmy Kimmel was horrible,’ and who am I to disagree with my president?

2. You knew they’d make the list

If the annoying people of Earth have a home base, it’s not some secluded island fortress, it’s ABC’s ‘The View.’ The gaggle of hosts — from leftist moderator Whoopi Goldberg to crackpot Joy Behar to pretend conservative Alyssa Farah Griffin — is a reminder that quantity is not quality. 

This year, they pretended radical Islamic Iran wasn’t worse than the U.S. (Goldberg); claimed using the National Guard to stop crime was ‘a pretext to stop the next election!’ (Behar); and compared the election of Trump to … Hitler. (Behar: ‘The Germans voted also. Just saying.’)

The show has become such an embarrassment that the TV show ‘Landman’ mocked it for being a, ‘bunch of pissed off millionaires bitching about how much they hate millionaires, Trump, and men, and you, and me, and everybody else they got a bee up their ass about.’ ‘The View’ has gone from mindless propaganda to a punchline.

3. The first of the pod people

If you’re lucky, you’ve never heard of podcaster Jennifer Welch. Just imagine a ghoul-like figure from your deepest nightmares, then give her blonde hair and a microphone.

She’s one of the two co-hosts for the ‘I’ve Had It’ podcast, and it’s well-named. She and her co-host first appeared in the Bravo series ‘Sweet Home Oklahoma,’ which no one ever heard of. But now, the press loves her because she says hateful things about conservatives. 

CNN’s profile of Welch quotes her calling Trump a, ‘fat, fascist f— who’s ruining everything for everybody.’ The New York Times notes, ‘‘Patriots, gaytriots, theytriots, Blacktriots and browntriots,’ is how Ms. Welch greets the listeners of their primary podcast.’ She left out morontriots who must make up the bulk of her audience.

Welch made news calling Kirk’s widow Erika a ‘grifter’ and TPUSA said that comment was, ‘beneath contempt.’ 

I’m sure Welch will say worse in 2026 because the media reward her bile with support. CNN said she and her co-host are, ‘two women who love their country and aren’t afraid to name and shame people.’ 

See what I mean?

4. More pod-ish people 

Podcaster antisemite Nick Fuentes and Twitch antisemite Hasan Piker showed the world that the worst users of social media have one thing in common — hatred. Both of them have dominated the social world and been everywhere in the media as civilized society reacts in horror. 

Fuentes calls himself an admirer of communist Soviet dictator Joseph Stalin and says Nazi dictator Adolph Hitler was ‘really f—ing cool.’ Pretty much on brand.

Piker, when he’s not being accused of giving his dog electric shocks, spends his time saying offensive things, like, ‘America deserved 9/11.’ He later walked it back because of the backlash, but he still has millions of followers on multiple platforms. 

Fox News did an analysis of what he says, and it’s so vile, I don’t want to repeat it. He’s all across major media. The Times called him, ‘A Progressive Mind in a Body Made for the ‘Manosphere.’’ 

The press is desperate to recreate their own Joe Rogan and this is the best they’ve got.

5. Spacey

Singer Katy Perry had not one, but two spacey experiences in 2025. First, she sort-of went into space on a Jeff Bezos rocket. The owner of Amazon and the Washington Post sent his then-fiancée Lauren Sanchez, and five other famous women, into near-space. 

Perry is in the cool kids’ club, so she got to go. The singer actually vowed to ‘put the ‘a–’ in astronaut’ and made a fool of herself when she landed, kneeling and kissing the ground because of an 11-minute rocket trip. She was quoted declaring, ‘I feel super connected to love.’ 

That must have been true. She is now dating her own space cadet, former lefty Canadian Prime Minister Justin Trudeau.

6. Friday the 13th

Cynthia Erivo is 2025’s it gal. She’s everywhere and impossible not to see. As NBC put it, she’s ‘Proudly Bald and Has No Eyebrows.’ Throw in nails like Freddy Krueger and the bisexual star is everything the media want in a celebrity — weird and alternative. 

She’s the star of the two ‘Wicked’ movies and even played Jesus in the Hollywood Bowl (naturally) version of the musical ‘Jesus Christ Superstar.’ 

Erivo revels in her unusual look, even shaving her own eyebrows, ‘Whenever I’m talking to my makeup artist, I tell her that I just want to look like a pretty thumb.’ 

Yeah, I can’t top that.

7. It ain’t over till it’s over

The 2024 Democratic election debate wasn’t enough for Vice President Kamala Harris. Harris recently declared, ‘I am not done. I have lived my entire career a life of service, and it’s in my bones.’ Harris released her book, ‘107 Days’ and managed to annoy Democrats and Republicans about equally with her alleged recollection of events. 

At least former President Richard Nixon was nice enough to tell us, ‘You won’t have Nixon to kick around anymore.’ 

Harris will make us endure more garbled responses before she goes gently into that good night of her career.

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Lawmakers fought over Obamacare subsidies tooth and nail for the latter part of the year, and ultimately, neither side won.

Senate Democrats thrust the government into the longest shutdown in history in an effort to refocus the narrative in Congress on healthcare, and Republicans agreed to talk about it in the open. And both Republicans and Democrats got a shot to advance their own, partisan plans. Both failed.

Now, the subsidies are set to expire on Wednesday, sending price hikes across the desks of tens of millions of Americans that relied on the credits. 

When lawmakers return on the first week of January, healthcare will be front of mind for many in the Senate. But any push to either revive, or completely replace, the subsidies may, for a time, take a backseat to the government funding fight brewing ahead of the Jan. 30 deadline.

When asked if he was disappointed that lawmakers were unable to, at least in the short term, solve the subsidies issue, Sen. Josh Hawley, R-Mo., was more concerned about people that would experience higher costs. 

‘I think who it’s most disappointing for are the people whose premiums are going to go up by two, three times,’ Hawley said. ‘So, it’s not good.’

Price hikes on premium costs will be variable for the roughly 20 million Americans that rely on them, depending on age, income and other factors. Broadly, a person’s out-of-pocket cost is expected to double with the credit’s lapse, according to the Kaiser Family Foundation.

The nonpartisan healthcare think tank painted a broader picture of the disparate impact on premium cost increases in a report released late last month that, based on myriad factors, including where a person lives, their age range and where they sit above the poverty line, some could see price hikes as high as 361%.

While Senate Republicans’ and Democrats’ separate plans failed to advance — despite four Republicans crossing the aisle to support Senate Minority Leader Chuck Schumer’s, D-N.Y., plan — lawmakers are working together for a solution.

There are two plans with traction in the House. The GOP’s plan advanced on the floor earlier this month but doesn’t address the issue of the expiring tax credits. Then there is a bipartisan plan that calls for a three-year extension of the subsidies, similar to Senate Democrats’ plan, that is teed up for a vote.

The latter option, and its bipartisan momentum, has some Democrats hopeful that a three-year extension could get a shot in the upper chamber.

‘I’ll also say that the glimmer of hope is if we’re searching for a bipartisan deal that can pass the Congress, we don’t need to search any further than the three-year extension of the subsidies that’s going to pass the House of Representatives,’ Sen. Brian Schatz, D-Hawaii, told Fox News Digital. ‘We don’t need a negotiation any further. That bill can pass, if it can provide relief to the taxpayers, and it can pass, then that’s our vehicle.’

Senate Majority Leader John Thune, R-S.D., however, has maintained a deeply-rooted position against just a simple extension of the credits.

He argued that a straight-up extension for three years would be ‘a waste of $83 billion,’ and lacks any of the reforms that Republicans desire, like reinstalling an income cap, adding anti-fraud measures, and reaffirming language that would prevent taxpayer dollars from funding abortions.

‘I mean, I think if nothing else, depending on if the House sends something over here, there would be a new vehicle available,’ Thune said. ‘And if there is some bipartisan agreement on a plan, then you know, it’s possible that we could — obviously it’d have to be something that we think the House could pass, and the president would sign.’

‘But I’m not ruling anything out, I guess is what I’m saying,’ he continued. ‘But you know, a three-year extension of a failed program that’s rife with fraud, waste and abuse is not happening.’

Senate Democrats are open to negotiating on a bipartisan plan, something that is already ongoing after Sens. Susan Collins, R-Maine, and Bernie Moreno, R-Ohio, held a meeting with lawmakers before leaving Washington, D.C., earlier this month.

But Democrats are also making clear that they don’t want to budge on some of the Republicans’ demands.

‘Let’s put it this way, Republicans are asking to meet with me, and I’m telling them, I’ll listen, you know, I made it clear what I think is the only practical approach, and I’m certainly not going to go along with selling junk insurance,’ Sen. Ron Wyden, D-Ore., said.

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Sociedad Quimica y Minera (SQM) (NYSE:SQM) and Codelco have finalized their long-awaited partnership, forming a new joint venture that will oversee lithium production in Chile’s Salar de Atacama through 2060.

SQM announced on Saturday (December 27) that it has completed its strategic partnership with state-owned miner Codelco through the merger by absorption of Codelco subsidiary Minera Tarar into SQM Salar.

Following the transaction, SQM Salar has been renamed Nova Andino Litio, the new vehicle that will consolidate lithium exploration, production, commercialization and related community and environmental initiatives in the Atacama.

The merger was carried out under the terms of a partnership agreement that was signed in May 2024.

While the transaction has been completed, it remains subject to a resolutory condition tied to a pending Supreme Court decision on an appeal filed by Inversiones TLC. The appeal challenges regulatory approvals granted earlier this year, and Inversiones TLC is a subsidiary of China’s Tianqi Lithium (SZSE:002466,HKEX:9696,OTC Pink:TQLCF).

The appeal comes after a November ruling by the Santiago Court of Appeals that rejected a claim of illegality against an exemption resolution issued by Chile’s Financial Market Commission.

Despite the unresolved litigation, the economic framework of the partnership has already taken effect. SQM confirmed that the preferences and economic rights attached to the Series A shares held by Codelco and the Series B shares held by SQM became effective on January 1, 2025, including the dividend distribution methodology set out in the agreement.

SQM and Nova Andino Litio are currently determining dividend allocations and other accounting effects, which will be reflected in their respective 2025 financial statements.

The new company preserves contractual continuity with Chilean development agency Corfo, both under existing agreements and those that will govern operations from 2031 onward.

SQM Chief Executive Ricardo Ramos also said the joint venture provides long-term stability for lithium operations in Atacama, while raising operational and sustainability standards.

“This joint venture allows us to project the development of the Atacama Salt Flat and continue advancing with standards of operational excellence, sustainability and shared value creation, combining complementary capabilities for the benefit of Chile and global markets,” Ramos said in a press release issued by Codelco.

As part of the agreement, SQM has also transferred all of its mining concessions in the Maricunga salt flat to Codelco.

Nova Andino Litio’s board will be evenly split between the partners, with three representatives from each company. Its first board meeting is scheduled for Monday (December 29).

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

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Nickel prices have experienced volatility in the past few years due to supply and demand uncertainty.

While demand has been consistent, prices have been mainly influenced by structural oversupply stemming from high output from Indonesia, which rapidly increased output in recent years to become the world’s top nickel producer.

Low prices led several companies to curtail production in 2024 and 2025, and ultimately prompted Indonesia to lower its mining quota in February. While prices haven’t recovered, they stabilized above US$15,000 per metric ton in H2.

Demand from the electric vehicle industry is one reason nickel’s outlook looks bright further into the future. Battery nickel demand is poised to triple by 2030, according to Benchmark Mineral Intelligence.

In Canada, nickel is listed as a top priority in the government’s Critical Minerals Strategy. The country is the world’s fourth largest producer of nickel, with much of its production coming from mines in Ontario’s Sudbury Basin.

Against that backdrop, how did Canadian nickel stocks perform in 2025? Below are the top nickel stocks in Canada on the TSX, TSXV and CSE by share price performance so far this year.

All year-to-date and share price data was obtained on December 22, 2025, using TradingView’s stock screener. Canadian nickel stocks with market caps above C$10 million at that time were considered.

1. Talon Metals (TSX:TLO)

Year-to-date gain: 617.65 percent
Market cap: C$654.99 million
Share price: C$0.61

Talon Metals is a nickel exploration and development company working to advance its Tamarack nickel-copper-cobalt project in Minnesota, US, toward production.

The project is a joint venture with Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO). Talon currently holds a 51 percent interest in the property, but under the terms of the deal, it has the option to increase its stake to up to 60 percent.

In November 2022, Talon released a resource estimate, reporting an indicated resource of 8.56 million metric tons with an average grade of 1.73 percent nickel, and an inferred resource of 8.46 million metric tons grading 0.83 percent.

The company is currently working to produce a preliminary economic assessment (PEA), and noted on October 20 that it had received a 12 month extension from Rio Tinto to complete the PEA as part of the earn-in agreement. Talon said the extended deadline will allow it to better time the release with an environmental assessment.

Talon’s share price has increased significantly on a series of massive sulfide discoveries at Tamarack throughout the year at what it has named the Vault Zone. Most recently, on December 11 Talon released results from step-out drilling at the Vault Zone at Tamarack, reporting that two of the three holes intersected the same massive sulfide, extending the zone.

The third demonstrated the zone’s copper enrichment, with highlights from the hole showing grades of 2.38 percent nickel and 4.72 percent over 19.11 meters, including 3.22 meters grading 2.77 percent nickel and 11.69 percent copper.

Additionally, Talon announced on May 28, that it secured a site from Westmoreland Mining that it will use to develop its Beulah Minerals Processing Facility. The facility has been separated from Tamarack to streamline the environmental review for the mine. Construction on the facility is slated to begin in 2027.

The company is also the operator of the Boulderdash nickel-copper discovery and numerous high-grade nickel-copper prospects in Michigan, US, for which Talon entered option agreements for Lundin Mining (TSX:LUN,OTC Pink:LUNMF) to acquire a 70 percent interest in the group of projects in early March.

2. Nickel Creek Platinum (TSXV:NCP)

Year-to-date gain: 400 percent
Market cap: C$16.19 million
Share price: C$2.55

Nickel Creek Platinum is advancing its flagship Nickel Shäw project toward production. Located in Yukon, Canada, it consists of 711 mineral claims and 91 quartz mining leases covering 14,650 hectares. Mineralization at the property was first discovered in 1952, with historic mining operations being carried out between 1972 and 1973.

A resource estimate included in a 2023 prefeasibility study demonstrates a measured and indicated nickel resource of 2.47 billion pounds from 436.7 million metric tons of ore with an average grade of 0.26 percent nickel. It also holds an inferred resource of 668 million pounds of nickel from 114.02 million metric tons grading 0.27 percent.

Nickel Creek is planning for a 2026 drill program at Nickel Shäw, and stated the next step is a feasibility study.

On November 19, the company announced the closing of the first tranche of a private placement for proceeds of C$1.5 million. The company’s largest shareholder, Electrum Strategic Opportunities Fund, joined in the placement for up to C$800,000. As of May, Electrum held a 49.85 percent stake in Nickel Creek.

This was followed by an announcement on December 10 that it closed the second and final tranche of the placement for an additional C$276,000. The company said it intends to use the funds raised for a 2026 exploration drill program and permitting activities at Nickel Shäw.

Shares of Nickel Creek Platinum reached a year-to-date high of C$3.86 on October 13.

3. Grid Metals (TSXV:GRDM)

Year-to-date gain: 314.29 percent
Market cap: C$33.79 million
Share price: C$0.145

Grid Metals is an exploration company focused on a portfolio of projects in Manitoba, Canada.

Among its properties is the Makwa project located within the Bird River greenstone belt of Southeastern Manitoba. The project hosts nickel, copper and platinum group metals (PGMs) mineralization.

A June 2024 mineral resource estimate (MRE) for the Makwa deposit demonstrated an indicated open pit resource of 68,243 metric tons of nickel with an average grade of 0.48 percent from 14.21 million metric tons of ore, as well as 317 million pounds of copper and 452,000 ounces of combined PGMs and gold.

In December 2024, Grid signed a definitive option and joint venture agreement with Teck Resources (TSX:TECK.A,TECK.B,NYSE:TECK) to explore and develop the project. Under the terms of the agreement, Teck can earn up to a 70 percent interest in Makwa through cumulative expenditures of C$15.7 million and cash payments of C$1.6 million.

The company also owns the nearby Mayville nickel-copper-PGM project. In the 2024 MRE, the company reported an open-pit indicated resource of 51,230 metric tons of nickel, averaging 0.16 percent, from 32.02 million metric tons of ore.

On April 3, the company announced Teck was advancing towards a Phase One drill program at Makwa that would include 2,500 meters within an initial target area identified through an aerial geophysical survey.

Then on August 11, Grid reported that initial exploration at Makwa led to the discovery of surface-level semi-massive nickel mineralization, with grab samples returning grades of up to 1.1 percent, at the new Pavo anomaly. The company said the anomaly, which was identified through the aerial survey, would become the priority target for the drill program.

In a follow-up on November 11, the company announced that it received the necessary drilling permits for Makwa and that the drill rigs had been mobilized to the site.

In addition to its nickel properties, Grid Metals owns the Falcon West cesium and Donner lithium-cesium projects, also located in Southeastern Manitoba. Its cesium projects were another significant area of focus for Grid in 2025.

Shares in Grid Metals reached a year-to-date high of C$0.175 on November 20

4. SPC Nickel (TSXV:SPC)

Year-to-date gain: 300 percent
Market cap: C$25.76 million
Share price: C$0.08

SPC Nickel is an exploration company working to advance a pair of projects in Nunavut and Ontario, Canada.

Its Muskox property is a copper, nickel and platinum group metals exploration project in Nunavut, consisting of 26 mining claims and two prospector permits covering a total land area of 49,600 hectares. Mineralization at the site was first identified in the 1950s.

On July 21, SPC announced it would be carrying out a property-wide 1,000 line kilometer magneto-telluric (MobileMT) electromagnetic geophysical survey at Muskox that will be used to develop a 3D model.

In an exploration update released on September 17, the company said its summer exploration program had advanced the geologic understanding of the mineralization system present on the property, and that the MobileMT survey was the most thorough and modern survey ever flown at the site.

On November 24, the company released results from its exploration program, which included 77 grab samples across four primary and several additional target areas along the 125 kilometer long Muskox Intrusion.

In the report, SPC said results confirmed widespread high-grade mineralization of copper, nickel and platinum-group metals. The highest-grade nickel highlight was from the Speers Lake target, where one grab sample returned 6.24 percent nickel, while one sample from the Equinox target graded 70.62 percent copper equivalent.

Then, on December 8, SPC announced that the MobileMT survey outlined “numerous strong conductors … along the margins of the Muskox Intrusion and within the Feeder Dyke.” It noted that some of the conductors coincide with known mineralized zones, and some define new exploration targets.

The company is also working on its advanced-stage Lockerby East project near Sudbury, Ontario.

A March 2024 resource estimate demonstrates an indicated in-pit resource of 179.1 million pounds of nickel from 19.23 million metric tons with an average grade of 0.42 percent nickel and an out-of-pit resource of 45.7 million pounds of nickel from 3.24 million metric tons grading 0.64 percent from the West Graham target. It also shows an additional 17.2 million pounds of nickel from 665,000 metric tons grading 1.17 percent at the LKE deposit.

The most recent news from the project came on October 23, when the company announced it started a 1,000 meter drill program at the site designed to test anomalies located down-dip from the LKE deposit.

Shares in SPC Nickel reached a year-to-date high of C$0.80 on December 1.

5. Stillwater Critical Minerals (TSXV:PGE)

Year-to-date gain: 208.33 percent
Market cap: C$90.94 million
Share price: C$0.37

Stillwater Critical Minerals is an exploration and development company advancing its flagship Stillwater West nickel project in Montana, US. The property hosts 14 multi-kilometer-scale exploration targets and boasts 32 kilometers of strike length that adjoins the adjacent Sibanye-Stillwater mine property.

A resource estimate released in January 2023, shows an inferred nickel resource of 1.05 billion pounds from 254.8 million metric tons of ore with an average grade of 0.19 percent. The project also holds platinum group elements, copper, cobalt and gold.

In late March, the company reported multiple large-scale magmatic sulfide targets following analysis of a property-wide third-party MobileMT geophysical survey completed in late 2024.

The data from the survey was also used to build a new 3D geological model of the lower Stillwater Igneous Complex that the company used to further prioritize targets at Stillwater West for its 2025 drill campaign.

In June, the company mobilized for a new drill program focused on the advanced project areas, while testing adjacent targets identified using the 3D model.

In an exploration update released on September 15, Stillwater noted that it had completed over 3,100 meters in its 2025 campaign and was working on the fifth and sixth holes. It plans to use results from the program, combined with other drill data, to support an updated resource estimate in the first half of 2026.

On November 6, the company released a corporate update stating that the program’s results were pending and would be released when they became available. Additionally, Stillwater noted that 14 drill holes from the past two drill campaigns would be used to update the project MRE.

The company is anticipating completion of the MRE during the first half of 2026.

Stillwater’s most recent news came on December 15 when it increased the size of a bought deal from C$10 million to C$15 million. Proceeds from the fundraising will be used for exploration of Stillwater West and for general corporate purposes.

Shares of Stillwater Critical Minerals reached a year-to-date high of C$0.57 on October 8.

FAQs for nickel investing

How to invest in nickel?

There are a variety of ways to invest in nickel, but stocks and exchange-traded products are the most common. Nickel-focused companies can be found globally on various exchanges, and through the use of a broker or a service such as an app, investors can purchase companies and products that match their investing outlook.

Before buying a nickel stock, potential investors should take time to research the companies they’re considering; they should also decide how many shares will be purchased, and what price they are willing to pay. With many options on the market, it’s critical to complete due diligence before making any investment decisions.

Nickel stocks like those mentioned above could be a good option for investors interested in the space. Experienced investors can also look at nickel futures.

What is nickel used for?

Nickel has a variety of applications, including stainless steel, coins and lithium-ion batteries. Its main use is an alloy material for products such as stainless steel, and it is also used for plating metals to reduce corrosion. As for coins, its uses include the 5 cent coin, named the nickel, in the US and Canada; the US nickel is made up of 25 percent nickel and 75 percent copper, while Canada’s nickel has nickel plating that makes up 2 percent of its composition.

Nickel is also used in certain lithium-ion battery compositions, bringing demand from sectors like electric vehicles and energy storage systems.

Where is nickel mined?

The world’s top nickel-producing countries are primarily in Asia: Indonesia, the Philippines and Russia make up the top three. Rounding out the top five are Canada and China. Indonesia’s production stands far ahead of the rest of the pack, with 2024 output of 2.2 million metric tons compared to the Philippines’ 330,000 metric tons and Canada’s 190,000 metric tons.

Significant nickel miners include Norilsk Nickel (MCX:GMKN), Nickel Asia, BHP (ASX:BHP,NYSE:BHP,LSE:BHP) and Glencore (LSE:GLEN,OTC Pink:GLCNF).

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

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