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Syntholene Energy Selects Dynelectro, Developer of “World’s Most Efficient Electrolyzer” as Vendor for Synthetic Fuel Demonstration Facility

Investing 6 Mins Read

Relationship Represents Potential Long Term Scalability of High Efficiency Supply Chain from Demonstration to Commercial Scale

Syntholene Energy CORP (TSXV: ESAF) (FSE: 3DD0) (OTCQB: SYNTF) (‘Syntholene’ or the ‘Company’) announces that it has selected Dynelectro ApS (Denmark) as the electrolyzer technology vendor for its planned synthetic fuel demonstration facility in Iceland. Dynelectro is the developer of what it describes as the world’s most efficient electrolyzer platform, purpose-built for high-performance hydrogen production in power-to-liquids applications for synthetic fuel (‘eFuel’) and, more specifically, synthetic sustainable aviation fuel (‘eSAF’).

Dynelectro’s electrolyzer platform has demonstrated industry-leading energy efficiency in the production of hydrogen, a key feedstock to eFuels, while maintaining durability under continuous industrial operation at variable load. The system architecture emphasizes reduced balance-of-plant complexity, high current density operation, and modular deployment, characteristics that align closely with Syntholene’s objective of developing capital-efficient, repeatable synthetic fuel infrastructure.

The planned demonstration facility is intended to validate the Company’s integrated approach to producing low-cost hydrogen as a feedstock to eSAF and other eFuels, with a focus on scalability, energy efficiency, and long-term cost competitiveness with fossil fuels.

‘Syntholene’s eSAF production plans are a perfect match for Dynelectro’s electrolyser solution,’ explains Sune Lilbaek, CEO at Dynelectro ApS. ‘To be successful in the eSAF market, the lowest possible cost of hydrogen over the lifespan of the plant is a necessity. Dynelectro’s unique take on SOEC electrolysers seeks to enable the lowest possible energy consumption and maintenance cost. When integrated with Syntholene’s proprietary hybrid thermal production system, it is possible to convert up to 90% of the renewable electrical energy supplied into clean hydrogen. Together, we expect to be deploying the most cost-effective, energy-efficient solution for production of sustainable aviation fuel on the market today.’

The vendor selection represents a key technical milestone for Syntholene as it advances engineering and procurement activities associated with its first demonstration-scale facility.

‘The selection of Dynelectro is the result of a rigorous two-year technical and commercial evaluation process across all major vendors focused on efficiency, reliability, and long-term scalability,’ said Dan Sutton, CEO of Syntholene. ‘Electrolyzer performance coupled with low-cost clean energy are the primary drivers of synthetic fuel economics. Partnering with a technology provider that prioritizes energy efficiency and industrial robustness is critical as we move from demonstration toward multi-megawatt commercial deployment.’

About Syntholene

Syntholene is actively commercializing its novel Hybrid Thermal Production System for low-cost clean fuel synthesis. The target output is ultrapure synthetic jet fuel, manufactured at 70% lower cost than the nearest competing technology today. The company’s mission is to deliver the world’s first truly high-performance, low-cost, and carbon-neutral synthetic fuel at an industrial scale, unlocking the potential to produce clean synthetic fuel at lower cost than fossil fuels, for the first time.

Syntholene’s power-to-liquid strategy harnesses thermal energy to power proprietary integrations of hydrogen production and fuel synthesis. Syntholene has secured 20MW of dedicated energy to support the Company’s upcoming demonstration facility and commercial scale-up.

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

About Dynelectro

Dynelectro is a Danish SOE electrolyser OEM at the forefront of developing advanced, sustainable energy solutions. Utilising cutting-edge solid-oxide electrolysis technology, Dynelectro achieves unprecedented system performance and lifespan, enabling a five-fold improvement in lifetime performance through a novel approach to stack control and integration. Their innovations enable operators to seamlessly adjust production based on the availability of cost-effective renewable energy.

The company commercialises MW-scale Dynamic Electrolyser Units (DEUs), producing clean hydrogen to unlock syngas and e-fuel production. Dynelectro was founded in 2018 and is headquartered in the capital region of Denmark. Visit www.dynelectro.dk

For further information, please contact:
Dan Sutton, CEO
comms@syntholene.com
www.syntholene.com

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

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of applicable securities laws. The use of any of the words ‘expect’, ‘anticipate’, ‘aims’, ‘continue’, ‘estimate’, ‘objective’, ‘may’, ‘will’, ‘project’, ‘should’, ‘believe’, ‘plans’, ‘intends’ and similar expressions are intended to identify forward-looking information or statements. All statements, other than statements of historical fact, including but not limited to statements regarding the use of a particular vendor, the services to be provided and standard of delivery, expected benefits of engagement of certain service providers, development of the Company’s test facility, commercial scalability, technical and economic viability, anticipated geothermal power availability, anticipated benefit of eFuel, the Company’s business plans, and future commercial opportunities, are forward-looking statements.

The forward-looking statements and information are based on certain key expectations and assumptions made by the Company, including without limitation the assumption that the Company will be able to execute its business plan, that the eFuel will have its expected benefits, that the selected vendor will be able to complete their deliverables on time and to the standard expected, that the test facility will be completed as planned, that there will be market adoption, and that the Company will be able to access financing as needed to fund its business plan. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct. Since forward-looking statements and information address future events and conditions, by their very nature, they involve inherent risks and uncertainties.

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

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/283350

News Provided by TMX Newsfile via QuoteMedia

This post appeared first on investingnews.com

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Sport

Kansas stuns No. 1 Arizona, hand Wildcats first loss of season

Sport 1 Min Read

The No. 1 men’s college basketball team in the country has fallen.

The Arizona Wildcats, ranked No. 1 in USA TODAY’s coaches poll, were toppled, 82-78, by the No. 9 Kansas Jayhawks after they mounted a second-half comeback to give the Wildcats their first loss of the season 24 games in.

Kansas — without potential top NBA draft pick Darryn Peterson for the 11th time this season — trailed by three at halftime and found themselves down by as many as 11 at the 17-minute mark. They responded with a 9-2 run over the next two minutes to come within three points of Arizona before taking the lead on a Flory Bidunga layup with nine minutes to go.

Bidunga led the Jayhawks in both scoring (23 points) and rebounds (11). The sophomore big man also had a critical block with 17 seconds left in the game on Koa Peat’s layup attempt to protect a three-point lead. Tre White sealed the win by draining a pair of free throws in the final five seconds.

The biggest stories, every morning. Stay up-to-date on all the key sports developments by subscribing to USA TODAY Sports’ newsletter.

This post appeared first on USA TODAY

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Pitt women’s basketball coach facing 6 lawsuits by former players

Sport 5 Mins Read

Six former women’s basketball players from the University of Pittsburgh are suing the school and its coach, Tory Verdi.

The six individual civil suits were filed in the U.S. District Court for Western Pennsylvania on Friday, Feb. 6. Each player is represented by the same attorney, Keenan Holmes. Each suit alleges Title IX violations and that Verdi inflicted ’emotional, psychological, and physical abuse’ against the players and that he created a “hostile, discriminatory, and retaliatory environment.’

Much of the allegations in the six lawsuits — which USA TODAY Sports obtained copies of — read similarly and cite the same instances to back up their allegations that Verdi “weaponized his authority to manipulate, demean, and emotionally destabilize players through targeted mistreatment, verbal abuse, gaslighting, and retaliatory conduct.”

“Verdi used his position of authority to engage in emotionally abusive conduct, retaliation, and psychological manipulation that transcended poor coaching and entered into constitutional violations,” one lawsuits reads. “The program was defined by fear and emotional volatility as players were routinely demeaned, psychologically isolated, and pressured to perform under abusive conditions.”

Spokespersons for Pitt’s athletic department did not immediately respond to a request for comment Monday night.

The lawsuits were filed by Favor Ayodele, Raeven Boswell, Makayla Elmore, Brooklynn Miles, Isabella Perkins and Jasmine Timmerson. Their suits also claim that Pitt knew about the players’ complaints about Verdi, but took no action.

Concerns, according to the lawsuits, were raised with Senior Woman Administrator Jennifer Tuscano, former athletic director Heather Lyke, and Laurel Gift — Pitt’s Assistant Vice Chancellor for Compliance, Investigations, and Ethics. Lyke is now the Special Advisor to the Chancellor and Athletic Director at Syracuse.

Often the first specific incident cited in the lawsuits is one that allegedly occurred after a practice during the 2023-24 season when Verdi told the team, “Every night I lay in bed I want to kill myself because of you.” The former players say this “caused fear, emotional distress, and confusion among players.”

Four of the six lawsuits cite another incident where, before playing a game against Clemson, Verdi allegedly “directed xenophobic and culturally insensitive remarks” toward a foreign-born player, telling her to “go back home because ICE is coming.” One lawsuit claims that Verdi told foreign-born players, “We speak English here,” when they would use their native languages or accents.

In her lawsuit, Perkins alleges that Verdi once told her during the summer of 2024 in a private meeting, “I don’t like you as a player, but I’d let my son date you.”

Perkins also says that she was “routinely denied adequate medical care” and forced to play while injured. Perkins said she confided in the team doctor about the “hostile and abusive environment perpetuated by Coach Verdi.” That disclosure was reported to Verdi, Perkins alleges, and it was met with retaliation. Perkins adds that her request for a medical redshirt was denied because Pitt mishandled her submission to the ACC.

Two lawsuits make the allegation that Verdi berated the team after the death of one player’s father, allegedly telling them, “I knew you guys were bad basketball players, but I didn’t know you were bad people too.”

Four of the six players also claim that Verdi mocked one player’s appearance and weight, telling her “you look pregnant,” while she was recovering from injury. The six players also claim that Verdi “intentionally created and exploited racial division” and that “players of color were subjected to harsher discipline, less patience, and fewer opportunities than similarly situated white teammates.”

One former player, Elmore, says she “made a good-faith report” to Pitt’s compliance office regarding repeated NCAA practice-hour violations by Verdi. Elmore claims that the compliance office disclosed her identity to Verdi and nothing was done.

Another former player, Ayodele, says that when she was injured, Verdi didn’t speak to her for nearly six months and ignored “her medical and emotional needs and isolating her from team support.”

Some of the former players say they have had to seek mental health treatment and therapy after playing for Verdi. The plaintiffs are seeking monetary damages and a declaration that Pitt violated Title IX.

Verdi is in his third season coaching the Panthers, who currently have an overall record of 8-17, a mark that includes a loss to Division III Scranton. He has a record of 29-60 while leading Pitt. The Panthers have not posted a winning record in ACC play since the 2014-15 season, which is also the last time they made the NCAA tournament.

Previously, Verdi was the head coach at UMass and Eastern Michigan, where he won a combined 200 games. Verdi signed a six-year contract with Pitt when he was hired in 2023.

Riding an eight-game losing streak, Pitt is scheduled to play again on Thursday night at home against Syracuse.

This post appeared first on USA TODAY

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Steph Curry won’t play in 2026 All-Star Game

Sport 2 Mins Read

SAN FRANCISCO — Golden State Warriors veteran superstar Stephen Curry missed the Monday, Feb. 9 game against the Memphis Grizzlies with right knee soreness as he felt pain in his right patellofemoral.

Curry’s injury, a common overuse injury causing pain around or behind the kneecap, is expected to keep him out of action in the immediate future.

During a pregame press conference, Warriors head coach Steve Kerr told reporters that Curry would be out, missing upcoming games, including the 2026 NBA All-Star Game on Sunday, Feb. 15 at Intuit Dome in Inglewood, California.

‘He will not play against San Antonio, he will not play in the All-Star Game,’ Kerr said about Curry’s timeline for return from injury.

Curry is averaging 27.2 points, which is the eighth most in the NBA for the 2025-26 season. He is shooting 47% from the field, 40% from deep and 93% from the free throw line. He’s appeared in 39 games for Golden State this season.

Who will replace Curry in 2026 NBA All-Star Game?

The NBA has not announced who will replace Curry in the 2026 NBA All-Star Game.

However, that hasn’t stopped NBA experts and fans from providing their two cents on who should take Curry’s place.

This post appeared first on USA TODAY

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Gold medalist Breezy Johnson opens up about achieving Olympics dream

Sport 5 Mins Read
  • Breezy Johnson won the Olympic downhill gold medal at the 2026 Winter Olympics.
  • Johnson overcame a series of injuries and illnesses that made her fear she would miss the Olympics again.
  • Her gold medal broke during her celebration and had to be replaced by Olympic officials.
  • Johnson joins Lindsey Vonn as the only American women to win the Olympic downhill title.

CORTINA D’AMPEZZO, Italy — There was a time last fall when Breezy Johnson feared the Olympics were slipping away.

Again.

She’d gotten E.coli during a preseason training camp. The weakness from that contributed to a back injury that caused some of the worst pain she’d ever felt. The 2026 Winter Olympics were coming up fast, and the helplessness she felt when it was mid-December and she wasn’t getting better was all too familiar.

“It sort of felt at the time like my body was rebelling against the dreams that I had,” Johnson told USA TODAY Sports on Monday, Feb. 9. She missed the Beijing Olympics in 2022 after tearing her ACL a month before the Games.

“That was really emotionally debilitating,” Johnson said. “Not just know that something bad had happened that derailed your dreams, (but) that it felt like your body was fighting against you.”

Watch Winter Olympics on Peacock

Maybe that’s why, even a day later, knowing she’s the Olympic downhill champion still feels surreal.

“I still think that something’s going to fly out of left field and they’re going to be like, ‘Whoops! We made a mistake with the timing!’ We’re going to need that back!’” Johnson said.

Well, she did have to give her gold medal back, but that’s because it was broken.

The Milano Cortina medals are heavy. So much so that when Johnson was jumping up and down celebrating her win in the downhill, it fell off its ribbon.

Unlike medals from some other Olympics, the Milano Cortina medals do not have a grommet or hole through which the ribbon is threaded. Instead, the ribbon attaches to a piece that sits in a groove at the top of the medal.

Olympic officials were unable to fix Johnson’s medal, so they gave her an entirely new one instead. It still needs to be engraved with her event, something she’ll eventually have done at the Olympic Village.

“You definitely have to give the other one back,” Johnson said. “But that’s cool.”

Though it wasn’t long ago Johnson feared the universe was conspiring against her, it is fitting that she won in Cortina.

In 2022, Johnson was second in the World Cup downhill standings when she tore her ACL in January. She took a week off but felt her knee was stable enough for her to race the World Cup in Cortina.

After finishing fourth in the first training run, Johnson crashed in the second, tearing a chunk of cartilage off her knee and ending her hopes for competing in Beijing.

Fast forward four years, and Johnson posted the fastest time in the final training run ahead of the downhill. Then, starting sixth, she threw down an aggressive, blistering run that she thought would at least be good enough for a medal.

One after another, the top contenders tried to match her. And couldn’t.

Johnson continued to hold her breath, remembering the super-G race at the 2018 Olympics in Pyeongchang that Esther Ledecka came out of nowhere to win. OK, not nowhere. But the 26 spot in the starting order, which is close to nowhere.

Finally, the race was over. Johnson was the downhill champion, joining Lindsey Vonn as the only American women to win the prestigious title.

“It’s something that you dream about as a kid,” Johnson said. “And then the closer you get to it, the more you realize how rare it is. I mean, there’s so many amazing ski racers who have never been an Olympic champion, and being the Olympic downhill champion is a whole other echelon because I consider it to be the premier Alpine event.

“And, obviously, once every four years is not guaranteed at all,” said Johnson, who knows that better than most. “So it’s really special and very cool to be in that very elusive club.”

Johnson has two more races in Cortina. She and Mikaela Shiffrin are paired in the team combined, which they won at the 2025 world championships when the event made its debut. She also will race super-G. Johnson made her first podium in the event at the last race before the Olympics, claiming the bronze.

“People immediately saw the (downhill) medal and were like, ‘Now go get two more,’” Johnson said with a laugh. “It took me 30 years to get one! Just casually go out and pick up a couple more.

“Ski racing is funny because people, as soon as you start winning, they’re like, ‘Oh, it must be easy to win,’” she added. “And it’s like, ‘No, actually, you have to go out and seize that every day,’ and that’s really the hard part. To continue to do that.”

No harder, though, than pushing forward when everything is pushing against you. But so, so worth it.

This post appeared first on USA TODAY

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Family announces death of Lions star, suspects CTE

Sport 3 Mins Read
  • Former Detroit Lions defender Tracy Scroggins has died at the age of 56.
  • His family stated that he battled the effects of chronic traumatic encephalopathy (CTE).
  • Scroggins played 10 seasons for the Lions and ranks seventh in franchise history with 60.5 sacks.
  • He was one of nearly 5,000 players to file concussion-related lawsuits against the NFL.

Former Detroit Lions defender Tracy Scroggins has died at the age of 56, his family announced Feb. 9.

‘It is with profound sadness that we announce the passing of our beloved Tracy Scroggins,’ his family said in a statement provided to TMZ.

‘Tracy was a devoted father, cherished family member, and loyal friend whose life was marked by remarkable strength and perseverance. While many knew him for his career as a professional football player in the NFL, those closest to him knew him as a kind-hearted and generous man who cared deeply for his family and friends.’

The family also said in its announcement of Scroggins’ death that the 56-year-old had suffered symptoms suspected to be from chronic traumatic encephalopathy (CTE) during his post-playing career.

CTE is only diagnosable through a neuropathological autopsy performed after a person’s death. It was not immediately clear whether Scroggins’ family would have his brain tested.

‘Playing in the NFL gave Tracy the opportunity to pursue his lifelong dream and to rise from poverty,’ the statement read. ‘However, unfortunately, the NFL was also ultimately the cause of his untimely demise. Tracy spent every moment of retirement courageously battling the devastating effects of CTE. While our hearts are heavy, we find comfort in knowing that he is finally at peace.’

Scroggins was one of nearly 5,000 players to file concussion-related lawsuits against the NFL before the league’s sweeping concussion settlement in 2015.

Scroggins filed an additional claim against the NFL in 2016. His lawyer at the time – Tim Howard – stated his client was suffering from symptoms consistent with CTE.

‘He can’t remember where he is or where he’s going,’ Howard told USA TODAY Sports in 2016. ‘He hasn’t been able to hold a job over the last six years. Beyond memory issues, he suffers from depression and has angry outbursts.’

Scroggins was a defensive mainstay for Detroit

Scroggins played 10 NFL seasons, all for the Lions, after being selected in the second round of the 1992 NFL Draft. The Tulsa product played 142 games and made 89 starts while playing both defensive end and linebacker.

Scroggins racked up 60½ career sacks – seventh-most in franchise history – and was named the No. 90 player in the ranking of the greatest players franchise history by the Free Press in 2019.

The Lions paid homage to Scroggins with a social media post shortly after his death was announced:

This post appeared first on USA TODAY

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Investing

Crypto Market Update: Tether Doubles Down on Gold With US$150M Gold.com Stake

Investing 4 Mins Read

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

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

Bitcoin (BTC) was priced at US$69,837.08, down by 1.1 percent over 24 hours.

Bitcoin price performance, February 9, 2026.

Chart via TradingView

Ether (ETH) was priced at US$2,049.31, down by 3.5 percent over the last 24 hours.

Altcoin price update

  • XRP (XRP) was priced at US$1.41, down by 3.5 over 24 hours.
  • Solana (SOL) was trading at US$84.50, down by 3.9 percent over 24 hours.

Today’s crypto news to know

Tether deepens gold push with US$150M stake in Gold.com

Tether has made a US$150 million investment in Gold.com, acquiring roughly a 12 pecent minority stake as it moves to broaden access to both tokenized and physical gold.

The deal sets up a long-term partnership that will integrate Tether’s gold-backed token, XAU₮, into Gold.com’s platform and explore ways for customers to buy physical gold using digital currencies such as USDT and the newly launched, federally regulated USA₮.

The move comes as gold prices push above US$5,000 an ounce, reinforcing demand for hard-asset exposure amid geopolitical and macroeconomic uncertainty. Tether said the gold-backed stablecoin market has nearly tripled over the past year to more than US$5.5 billion, with XAU₮ accounting for over 60 percent of total market value.

The company says XAU₮ is backed 1:1 by allocated physical gold, with about 140 tons in total held in secure vaults and each token linked to a specific London Good Delivery bar.

Bitcoin breaks below US$70,000 as liquidations accelerate

Bitcoin fell sharply this week, breaking below the closely watched US$70,000 level and trading as low as roughly US$60,300 before stabilizing near US$65,000

The US$70,000 mark had become a crowded positioning zone, and once it failed, mechanically driven selling took over.

In addition, the Crypto Fear & Greed Index dropped to 9, its lowest reading in nearly four years, while futures open interest slid toward multi-month lows, signaling defensive positioning rather than dip-buying. “

South Korea tightens scrutiny after Bithumb’s distribution error

South Korea’s Financial Supervisory Service has moved to strengthen oversight of crypto exchanges following a major error at Bithumb that briefly flooded user accounts with billions of dollars’ worth of bitcoin.

The incident occurred when customers were mistakenly credited with roughly 2,000 BTC each instead of small promotional rewards, triggering panic selling and a sharp price dislocation on the exchange.

Bitcoin prices on Bithumb fell as much as 30 percent below global levels before trading and withdrawals were halted.

Authorities said the episode exposed “vulnerabilities and risks” in virtual asset systems and raised concerns about internal controls and reserve backing. “It is a case that shows the structural problems of electronic systems for virtual assets,” said Lee Chan-jin, governor of South Korea’s Financial Supervisory Service.

Regulators plan to introduce tougher penalties for IT failures and expand monitoring tools that flag suspicious trading patterns in real time.

Of the more than 620,000 bitcoins mistakenly distributed, authorities said nearly all have since been recovered.

FDIC settles FOIA fight over crypto ‘pause letters’

The Federal Deposit Insurance Corporation (FDIC) has agreed to pay US$188,440 in legal fees and drop its effort to withhold crypto-related “pause letters,” settling a Freedom of Information Act lawsuit tied to alleged debanking practices.

The case stemmed from a records request filed by History Associates on behalf of Coinbase, seeking documents that showed how banks were allegedly pressured to halt or limit crypto activities.

A federal court ruled last year that the FDIC violated FOIA by categorically withholding the letters rather than reviewing them individually.

“We successfully uncovered dozens of crypto ‘pause letters’—indisputable proof of OCP2.0,” Coinbase chief legal officer Paul Grewal wrote on X after the settlement.

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

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

This post appeared first on investingnews.com

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Armory Mining To Conduct a Series of Airborne Geophysics Surveys at the Ammo Gold-Antimony Project

Investing 5 Mins Read

(TheNewswire)

  

Vancouver, B.C. TheNewswire – February 9, 2026 Armory Mining Corp. (CSE: ARMY) (OTC: RMRYF) (FRA: 2JS) (the ‘Company’ or ‘Armory’) a resource exploration company focused on the discovery and development of minerals critical to the energy, security and defense sectors, is pleased to announce that is preparing to conduct a series of airborne geophysics surveys at the Ammo antimony-gold project (‘Ammo’) located in Nova Scotia, Canada.

The planned airborne geophysics surveys have been designed using efficient 50-meter flight lines (Fig 1) to collect information from associated sulfide mineralization, sericite and potassic alteration and probable pathfinder related uranium anomalies.

The Company intends on undertaking a magnetic survey designed to collect information regarding geological characteristics including structural and lithological features, an electromagnetic survey to collect data correlated with associated sulfide mineralization, and a radiometric survey to collect any possible correlation between uranium anomalies and the target mineralization.

‘These surveys form an important part of preliminary exploration critical to defining drill targets at Ammo,’ said Alex Klenman, CEO of Armory Mining. ‘The data generated by the surveys will aid tremendously in determining the best areas to drill.  The geological team has outlined a comprehensive exploration plan for the Ammo project, and we’re committed to completing these next steps,’ continued Mr. Klenman.  


Click Image To View Full Size

 

Figure 1 – Ammo Property and Significant Mining and Mineral Occurrences within and adjacent Distance

 

The Property

  • The Company has the option to acquire a 100% interest in the Ammo Sb-Au project, comprising three contiguous mineral claims (Exploration Licenses) surrounding the historical West Gore antimony-gold mine, a past producer of antimony and gold, located in central Nova Scotia, Canada covering approximately 3,020 hectares (Fig. 2). 

  • The property is underlain by sericitic slates and minor intercalated arenites of the Halifax formation, a member of the Ordovician Meguma Group. It is made up of a basal sandy flysch unit known as the Goldenville formation and an overlying shaly flysch unit known as the Halifax formation which hosts the West Gore gold-antimony mineralization. Peraluminous granites and minor mafic bodies intrude the Meguma Group sedimentary. This magmatic activity seems to be responsible for the hydrothermal activity that caused the gold mineralization (Fig 2). 

  • The mineralization in adjacent West Gore mineralization occurs throughout the Meguma Group stratigraphy. The mineralization is generally in laterally continuous veins were emplaced during hydrofracturing in brittle ductile deformation dominated by quartz-carbonate gangue and iron sulphides with free gold, generally micron sized but nuggets up to 11 ounces have been reported. The sulfides with mineralization including Pyrite, pyrrhotite, arsenopyrite, stibnite, chalcopyrite, galena, sphalerite and iron oxides are associated with quartz-carbonate veins or sheared host rocks in the Mineralized zone. 

 


Click Image To View Full Size

 

Figure 2 – Ammo Property and Surrounding Mining and Mineral Occurrences

 

About Armory Mining Corp

Armory Mining Corp. is a Canadian exploration company focused on minerals critical to the energy, security and defense sectors. The Company controls an 80% interest in the Candela II lithium brine project located in the Incahuasi Salar, Salta Province, Argentina. In addition, the Company controls 100% interest in both the Ammo antimony-gold project located in Nova Scotia and the Riley Creek antimony-gold project located in British Columbia.

 

Qualified Person

The technical content of this news release has been reviewed and approved by Mr. Babak V. Azar, P.Geo., a qualified person as defined by National Instrument 43-101. Historical reports provided by the optionor were reviewed by the qualified person. The information provided has not been verified and is being treated as historic.

 

Contact Information

 

Alex Klenman

CEO & Director

alex@armorymining.com

604-970-4330

 

Neither the Canadian Securities Exchange nor its Market Regulator (as the term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy of accuracy of this news release.   This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the Company’s securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The Company’s securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the ‘1933 Act’) or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the  1933 Act) unless registered under the  1933 Act  and applicable  state  securities  laws, or an exemption from such registration requirements is available.

 

Forward-looking statements:

 

This press release contains certain forward-looking statements, including statements regarding the intended use of funds. The words ‘expects,’ ‘anticipates,’ ‘believes,’ ‘intends,’ ‘plans,’ ‘will,’ ‘may,’ and similar expressions are intended to identify forward-looking statements. Although the Company believes that its expectations as reflected in these forward-looking statements are reasonable, such statements involve risks and uncertainties. Actual results may differ materially from those expressed or implied in these statements due to various factors, including, but not limited to, political and regulatory risks in Canada, operational and exploration risks, market conditions, and the availability of financing. Readers are cautioned not to place undue reliance on forward-looking statements, which are made as of the date of this release. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by applicable securities laws.

Copyright (c) 2026 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

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ReeXploration Commences Exploration Drilling at Eureka Uranium Target

Investing 5 Mins Read

First drill testing of a large-scale Rossing-style uranium target, along trend of Namibia’s giant uranium deposits

ReeXploration Inc. (TSXV: REE) (FSE: K2I0) (‘ReeXploration’ or the ‘Company’) is pleased to announce the launch of a fully funded uranium drilling program at the Eureka Project in central Namibia. This campaign marks the Company’s first drill testing of a large-scale uranium target, 6.5 x 3.5 km in extent, defined through integrated geophysical, geochemical, and geological work. The target is located along trend of Namibia’s world renowned ‘Alaskite Alley’, a corridor hosting giant leucogranite-hosted uranium deposits.

The drill campaign will evaluate a range of priority zones distributed across the broader target area, selected on the basis of airborne and ground uranium radiometric responses, uranium-in-soil geochemistry, and interpreted favourable structural and lithological settings. The priority zones all fall within a regional geological setting consistent with leucogranite-hosted uranium systems elsewhere in Namibia’s Central Zone, including the Rössing, Husab, and Etango deposits.

The core drilling program is expected to include up to 2,000 metres of drilling across 12 to 15 drill holes, and will be results-driven. Drill holes are designed to test for primary leucogranite-hosted uranium mineralization below the weathering profile.

‘The start of drilling at Eureka marks a significant milestone for ReeXploration, representing our first drill program on a large and highly prospective uranium system,’ said Christopher Drysdale, Interim CEO of ReeXploration. ‘This initial campaign will evaluate several priority zones and generate critical information to refine our geological understanding and guide future exploration. Importantly, Eureka also hosts confirmed rare earth element mineralization, providing the Company with dual-commodity exposure and long-term strategic optionality. Operating in Namibia, with its proven history of supporting responsible exploration and development, significantly enhances our ability to advance and unlock the full potential of the Eureka Project.’

Figure 1: Regional satellite view showing the position of the uranium anomalies southwest of the Eureka Dome, and their proximity to the Welwitschia Lineament and other large uranium deposits in Alaskite Alley.

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Program Overview and Next Steps

The initial drilling phase (up to 2,000 metres in 12 to 15 drill holes) is designed to provide first-pass testing of the uranium system at depth and to validate the geological model developed from recent radiometric surveys, soil geochemistry, and field mapping.

Priority zones for drill testing have been identified based on coincident:

  • Airborne uranium radiometric anomalies
  • High total gamma responses (>500 cps) from ground spectrometer surveys
  • Uranium-in-soil anomalies (>10 ppm U) identified by pXRF analysis
  • Interpreted leucogranites in contact with reactive calc-silicate host rocks

The zones include occurrences of visible secondary uranium mineralization identified within leucogranites and gypcretes/calcretes.

Drilling will consist of core drill holes designed to confirm the presence, style, and continuity of uranium mineralization at depth, and to improve the Company’s understanding of the broader uranium system across the Eureka Project area.

Figure 2: Company license holding showing REE targets within the Eureka Dome, and airborne uranium anomalies (Government Airborne Radiometrics) backdrop. Insert: Thorium radiometric backdrop showing low thorium relative to the uranium anomalies.

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Qualified Person

Tolene Kruger, BSc. (Hons), M.Sc., is a consulting geologist and has reviewed and approved the scientific and technical information in this news release. Ms. Kruger is registered as Professional Natural Scientist (Pr.Sci.Nat.) with the South African Council for Natural Science Professions (SACNASP, Reg. No.: 148182), and a Qualified Person for the purposes of National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Ms. Kruger is not independent of the Company under NI 43-101.

About ReeXploration Inc.

ReeXploration (TSXV: REE) (FSE: K2I0) is a Canadian exploration company positioned to help meet surging global demand for secure, responsible supplies of critical minerals essential to the clean energy transition, advanced technologies and national defense. The Company’s flagship Eureka Project in central Namibia pairs a technically proven rare earth foundation – supported by the production of a clean monazite concentrate – with a newly defined, high-priority uranium target located within one of the world’s most established uranium corridors. Together, these commodities provide multi-path discovery potential aligned with accelerating global efforts to diversify critical mineral and nuclear fuel supply. Supported by a Namibia-based technical team and guided by global critical minerals experts, ReeXploration is advancing a disciplined, discovery-led strategy, building a credible, ESG-aligned platform positioned to benefit from the global race to diversify and secure responsible supply chains.

Caution Regarding Forward Looking Information

This press release may contain forward-looking information. This information is based on current expectations and assumptions (including assumptions relating to general economic and market conditions) that are subject to significant risks and uncertainties that are difficult to predict. Actual results may differ materially from results suggested in any forward-looking information. ReeXploration does not assume any obligation to update forward-looking information in this release, or to update the reasons why actual results could differ from those reflected in the forward-looking information unless and until required by securities laws applicable to ReeXploration. Additional information identifying risks and uncertainties is contained in the filings made by ReeXploration with Canadian securities regulators, which filings are available at www.sedarplus.ca.

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

Further details are available on the Corporation’s website at www.rareearthexploration.com or contact Christopher Drysdale, Interim CEO of ReeXploration Inc., at +1 902-334-1949, contact@rareearthexploration.com.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/282719

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