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The Government of Ontario, Canada, announced on Tuesday (January 13) that it was accelerating permitting and development on Canada Nickel Company’s (TSXV:CNC,OTCQX:CNIKF) Crawford nickel project near Timmins, as part of its “One Project, One Process” framework.

The designation will help the project attract C$5 billion in investment funding to develop the mine and a nickel processing plant that will provide materials for the stainless steel and electric vehicle markets.

Once complete, the mine will create 1,300 jobs and support an additional 3,000 workers throughout the community and supply chain.

On the international stage, Canadian representatives, including Prime Minister Mark Carney, travelled to China this week for a four-day visit in hopes of improving relations between the two countries.

Among the results of the visit was a softening of tariffs on Chinese electric vehicles entering Canada. Under the new terms, Chinese companies will be allowed to sell up to 49,000 automobiles per year in Canada at a 6.1 percent tariff. In exchange, China has loosened its tariffs on Canadian canola to 15 percent, and removed all tariffs on canola meal, lobsters, crab and peas.

Additionally, the Canadian government announced on Friday (January 16) that it had reaffirmed a memorandum of understanding with China’s National Energy Administration. The MoU sees both countries strengthen cooperation over energy initiatives and advance dialogue over the energy transition; conventional, clean and nuclear energy; and uranium resources.

South of the border, on Sunday (January 11) US Federal Reserve Chair Jerome Powell issued a rare statement on his relationship with the Trump administration when he revealed that he had received subpoenas from the Department of Justice.

According to his remarks, US Attorney and Trump appointee Jeanine Pirro had opened an investigation into Powell’s oversight of the Federal Reserve’s building renovation project.

Although no charges have been laid, the investigation illustrates a deepening rift between the Fed Chairman and the Trump administration. Powell said he believes the investigation is related to the administration’s frustration over what it claims is a slow pace of interest rate cuts.

The president has previously stated his desire to replace Powell as the Fed’s chair, but because the Fed is independent, he can only do so with the support of Congress. While Powell’s term as chairman ends in May, his term as a Fed governor doesn’t end until January 2028, which may stymie Trump’s plan to gain greater control over the agency and its policy direction.

For more on what’s moving markets this week, check out our top market news round-up.

Markets and commodities react

Canadian equity markets were on the rise this week.

The S&P/TSX Composite Index (INDEXTSI:OSPTX) gained 1.8 percent over the week to close Friday at 33,040.55, while the S&P/TSX Venture Composite Index (INDEXTSI:JX) fared even better, rising 4.28 percent to 1,091.13. The CSE Composite Index (CSE:CSECOMP) also gained ground, rising 2.61 percent to close at 188.29.

The gold price continued to trade at all-time highs this week, reaching US$4,639 per ounce amid heightened tensions in the Middle East over protests in Iran and as the US contemplated military involvement. Overall, it gained 2.32 percent during the week, closing the week at US$4,582.81 per ounce on Friday at 4:00 p.m. EST.

The silver price performed even stronger, trading above US$93 per ounce on Wednesday at new highs. Although the price pulled back slightly by the end of the week, it still posted a weekly gain of 16.08 percent, closing Friday at US$89.36.

In base metals, the Comex copper price recorded a 2 percent drop this week to US$5.88.

The S&P Goldman Sachs Commodities Index (INDEXSP:SPGSCI) rose 1.45 percent to end Friday at 562.91.

Top Canadian mining stocks this week

How did mining stocks perform against this backdrop?

Take a look at this week’s five best-performing Canadian mining stocks below.

Stocks data for this article was retrieved at 4:00 p.m. EST on Friday using TradingView’s stock screener. Only companies trading on the TSX, TSXV and CSE with market caps greater than C$10 million are included. Mineral companies within the non-energy minerals, energy minerals, process industry and producer manufacturing sectors were considered.

1. Homeland Nickel (TSXV:SHL)

Weekly gain: 135.71 percent
Market cap: C$65.57 million
Share price: C$0.33

Homeland Nickel has a portfolio of nickel projects in Oregon, US: Red Flat, Cleopatra, Eight Dollar Mountain and Shamrock.

In addition, the company holds investments in mining companies with nickel projects, including Benton Resources (TSXV:BEX,OTCPL:BNTRF), Canada Nickel Company and Noble Mineral Exploration (TSXV:NOB,OTCQB:NLPXF).

Shares in Homeland surged this week following news on Tuesday that Canada Nickel’s Crawford project in Ontario was selected for the province’s “One Project, One Process” review framework, which will allow for an accelerated timetable for permitting and development of the asset.

Canada Nickel is Homeland’s top investment, holding 742,095 shares valued at C$1.08 million.

Homeland did not release news of its own this week, but its share price has also been supported by rising nickel prices, which climbed from a low of US$14,255 per metric ton in the middle of December to as high as US$18,785 on Wednesday.

2. Eskay Mining (TSXV:ESK)

Weekly gain: 89.66 percent
Market cap: C$108.21 million
Share price: C$0.55

Eskay Mining is an exploration company advancing its namesake project in the Golden Triangle region of British Columbia, Canada.

The property located in the province’s northwest sits on a land package of 130,000 acres, and hosts several gold and silver volcanogenic massive sulfide and magmatic nickel, copper and platinum group metals targets.

Final assay results from its summer 2025 sampling program at the site were released on November 7. The company said the batch consisted of 121 rock chip and channel samples, with 11 returning grades over 20 g/t gold and 31 with grades over 1 g/t.

At the time, the company said mineralization bears similarities to discoveries at Goliath Resources’ (TSXV:GOT,OTCQB:GOTRF) Surebet and Juggernaut Exploration’s (TSXV:JUGR,OTCPL:JUGRF) Big One projects. Eskay added that it can see a path to a maiden drill program in 2026.

The most recent news from Eskay came on Monday when it announced that Clinton Smyth had been hired as the company’s chief geologist for its 2026 exploration program. Smyth has spent 25 years in the industry working for Anglo American (LSE:AAL,OTCQX:NGLOY) and Minorco.

3. Batero Gold (TSXV:BAT)

Weekly gain: 86.36 percent
Market cap: C$23.61 million
Share price: C$0.205

Batero Gold is an exploration company focused on advancing its Quinchia project in the Department of Risaralda, Colombia.

The property is composed of one tenement covering 1,407 hectares, with an additional 155 hectare concession under application. A September 2022 mineral resource estimate was included in its management discussion and analysis for the year ending August 2025.

Across three zones, the project’s La Cumbre deposit hosts a contained measured and indicated resource of 2.2 million ounces of gold and 6.43 million ounces of silver from 51.73 million metric tons of ore with average grades of 0.5 g/t gold and 1.47 g/t silver.

The company has not released news in the past week, but its share price has surged amid significant gains in precious metals prices since the start of 2026.

4. Auric Minerals (CSE:AUMC)

Weekly gain: 82.14 percent
Market cap: C$11.22 million
Share price: C$0.51

Auric Minerals is a uranium exploration company focused on its Route 500 and Bub properties in Newfoundland and Labrador, Canada.

The projects are both located in Labrador’s Central Mineral Belt, with Route 500 consisting of 441 mineral claims across 11,025 hectares and Bub consisting of 318 claims across 7,949 hectares.

The more advanced Route 500 project hosts surface showings with high-grade uranium mineralization, while Bub includes strong radiometric anomalies covering 30 square kilometers and 20 square kilometers.

Auric announced on December 31 that it had acquired a 100 percent interest in the English Lake, Otter Lake and Kan projects, all located in Labrador, in exchange for 22 million common shares at C$0.315 per share, 8 million warrants, cash payments of C$32,000 and a 2.5 percent net smelter return.

According to the same release, the company also amended its option agreements for the Route 500, Bub and Portage properties deal to waive its additional obligations, including future cash payments, share issuances, and exploration expenditures, in exchange for 500,000 shares to each of the optioners for a total of 1.5 million shares.

On January 8, Auric officially acquired 100 percent of the three properties after issuing the shares.

5. Patagonia Gold (TSXV:PGDC)

Weekly gain: 80.22 percent
Market cap: C$432.5 million
Share price: C$0.82

Patagonia Gold is a precious metals production and development company primarily focused on advancing its Cap-Oeste and Calcatreu underground projects in Argentina.

Located in Santa Cruz province, Cap-Oeste hosted open-pit mining operations until 2018. While Patagonia is working on the exploration and development of the underground resource at the site, it has been able to recover gold and silver from residual leaching on site.

According to the company’s website, a 2018 mineral resource estimate for Cap-Oeste reported measured and indicated values of 704,300 ounces of gold and 21.43 million ounces of silver from 10.56 million metric tons of ore with average grades of 2.07 grams per metric ton (g/t) gold and 63.2 g/t silver.

Its Calcatreu project, located in the Rio Negro province, is currently under construction. Calcatreu hosts a measured and indicated resource of 669,000 ounces of gold and 6.28 million ounces of silver from 9.84 million metric tons of ore, with average grades of 2.11 g/t gold and 19.8 g/t silver.

The most recent news from the company came on Thursday when it provided an update on construction activities at Calcatreu, which it has resumed following a holiday break.

In the announcement, Patagonia said it has extracted and stockpiled 40,000 metric tons of mineralized material from the Veta 49 pit. Of the material, the company said that 5,200 metric tons are expected to be stacked on the leach pad following electric leak detection tests later in January.

Additionally, Patagonia expects the carbon-in-column circuit construction will also be completed in January. After stockpiled material begins being leached and processed, the metal doré product will be sent to Canada to be refined in Ontario.

Patagonia expects to release an updated technical report for the project during the second quarter of the year.

FAQs for Canadian mining stocks

What is the difference between the TSX and TSXV?

The TSX, or Toronto Stock Exchange, is used by senior companies with larger market caps, and the TSXV, or TSX Venture Exchange, is used by smaller-cap companies. Companies listed on the TSXV can graduate to the senior exchange.

How many mining companies are listed on the TSX and TSXV?

As of May 2025, there were 1,565 companies listed on the TSXV, 910 of which were mining companies. Comparatively, the TSX was home to 1,899 companies, with 181 of those being mining companies.

Together, the TSX and TSXV host around 40 percent of the world’s public mining companies.

How much does it cost to list on the TSXV?

There are a variety of different fees that companies must pay to list on the TSXV, and according to the exchange, they can vary based on the transaction’s nature and complexity. The listing fee alone will most likely cost between C$10,000 to C$70,000. Accounting and auditing fees could rack up between C$25,000 and C$100,000, while legal fees are expected to be over C$75,000 and an underwriters’ commission may hit up to 12 percent.

The exchange lists a handful of other fees and expenses companies can expect, including but not limited to security commission and transfer agency fees, investor relations costs and director and officer liability insurance.

These are all just for the initial listing, of course. There are ongoing expenses once companies are trading, such as sustaining fees and additional listing fees, plus the costs associated with filing regular reports.

How do you trade on the TSXV?

Investors can trade on the TSXV the way they would trade stocks on any exchange. This means they can use a stock broker or an individual investment account to buy and sell shares of TSXV-listed companies during the exchange’s trading hours.

Article by Dean Belder; FAQs by Lauren Kelly.

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

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

This post appeared first on investingnews.com

Saga Metals Corp. (‘SAGA’ or the ‘Company’) (TSXV: SAGA,OTC:SAGMF) (OTCQB: SAGMF) (FSE: 20H), a North American exploration company focused on critical mineral discovery, is pleased to announce the assay results for two (2) additional diamond drill holes (R-0010 and R-0011) from the Company’s Q4 2025 Phase of the Mineral Resource Estimate (MRE) drill program in Trapper North at the Radar Ti-V-Fe Project, located near the port of Cartwright in Labrador, Canada.

Trapper North Assay Highlights

  • Analytical results have now been obtained for all four (4) diamond drill holes in Trapper North Zone and constitute four (4) of eight (8) drill holes completed during the Q4 2025 Phase of the MRE drill program.
  • Analytical results to-date include numerous oxide-rich intercepts, including:
    • R-0010: 135.50 m grading 50.03% Fe₂O₃, 7.87% TiO₂, and 0.352% V₂O₅.
    • R-0011: 95.15 m grading 39.49% Fe₂O₃, 6.49% TiO₂, and 0.220% V₂O₅.
    • R-0009: 87.20 m grading 50.67% Fe₂O₃, 10.15% TiO₂, 0.339% V₂O₅
    • R-0008: 67.60 m grading 46.15% Fe₂O₃, 9.21% TiO₂, 0.311% V₂O₅
  • TiO₂ strength:
    • 42.6% of samples > 7% TiO₂ (700 samples majority of which are 2 m)
  • V₂O₅ strength:
    • 53.7% of samples > 0.2% V₂O₅ (700 samples majority of which are 2 m)
  • Continued consistency and increase in overall oxide concentration in Trapper Vs Hawkeye.

Assay Results from R-0010 and R-0011

  • Hole R-0010 (collared at the same location as R-0009 but oriented at 0° azimuth for true width assessment): Intercepted 135.5 meters (from 1.5 m to 137 m) grading 50.028% Fe₂O₃, 7.872% TiO₂, and 0.352% V₂O₅.
  • Hole R-0011 (100-meter step-out along strike from R-0009 and R-0010): Intercepted 95.15 meters (from 58.1 m to 153 m) grading 39.49% Fe₂O₃, 6.49% TiO₂, and 0.22% V₂O₅. Additionally, this hole also encountered a 22-meter interval of rhythmically banded oxide, suggesting more persistent layering occurs away from the concentrated mass in the fold nose.

For comparison with the rest of Trapper North, the following table summarizes key intercepts from all four drill holes completed in Q4 2025.

Description DDH FROM TO Length Fe2O3 TiO2 V205
  ID m m m % % %
High V2O5 Layer R-0008 37.76 117.72 79.96 45.63 8.40 0.33
High TiO2 Layer R-0008 170 237.6 68.26 46.15 9.21 0.31
TiO2 Layer R-0008 237.6 266.57 28.98 40.45 7.02 0.29
High TiO2 Layer R-0009 2.53 66 63.47 44.26 9.02 0.25
High V2O5 Layer (A) R-0009 94 181.2 87.20 50.67 10.15 0.34
High V2O5 Layer (B) R-0009 196.11 216.4 20.29 49.12 8.67 0.37
North Fold Section R-0010 1.5 137 135.5 50.03 7.87 0.35
North Fold Section R-0011 58.1 153.3 95.15 39.49 6.49 0.22

Table 1: Assay results and composites of R-0008, -0009, -0010 and -0011 from Trapper North.

Michael Garagan, CGO & Director of Saga Metals, commented: ‘The successful assay results from all four drill holes at Trapper North mark a significant milestone for the Radar Project. These latest intercepts from R-0010 and R-0011 confirm the continuity of high-grade mineralization along the northern limb. This structurally related increase in thickness boosts Trapper as a standout zone with tremendous potential for titanium, vanadium, and iron mineral resources, advancing our goal of establishing a strategic North American supply of critical minerals.’

Figure 1-3 below outline all four drill holes in Trapper North with the corresponding intercepts at different viewing angles for a complete, accurate picture of the subsurface geometry:

Figure 1: Cross-Section BB looking West showing R-0008, -0009, and -0010 highlighting high-grade intercepts with the 3D Magnetic Inversion of the 2025 Trapper Zone ground magnetic survey. For the full set of R-0008 & R-0009 assays see Figure 3 cross-section N-11.

Figure 2: Cross-Section AA looking West showing R-0008, -0009, and -0011 highlighting high-grade intercepts with the 3D Magnetic Inversion of the 2025 Trapper Zone ground magnetic survey. For the full set of R-0008 & R-0009 assays see Figure 3 cross-section N-11.

Figure 3: Cross-Section N-11 looking Northwest showing R-0008, -0009, -0010 and -0011 highlighting high-grade intercepts in holes R-0008 & -0009 with the 3D Magnetic Inversion of the 2025 Trapper Zone ground magnetic survey. For the assays of R-0010 & R-0011 see Figures 1 & 2 Sections BB & AA.

Trapper North Drill Hole Details and Geological Insights

Hole R-0010 was collared at the same location as R-0009 but re-oriented to a 0-degree azimuth (compared to the standard 38 degrees) in order to test the northern limb of the Trapper North Fold. Both holes maintained a -45-degree dip. This allowed the team to drill directly through the anomaly and oxide layering at an optimal angle, enabling precise correlation of structural data between R-0009 and R-0010 while clearly defining the northern contact and limits of the oxide layer.

Hole R-0011, drilled as a 100-meter step-out along strike from R-0009 and R-0010, successfully tracked the continuation of the semi-massive oxide layer that is particularly abundant through the nose of the fold. Notably, it also intercepted a 22-meter interval of rhythmically banded oxide. This zone provides an outstanding window into the deposit, featuring exceptionally high VTM content.

Additionally, deeper oxide layering in R-0011, appeared to shallow toward the northeast—an intriguing observation that could indicate a potential at-depth connection between the Trapper and Hawkeye zones, further supporting the theory that this section of the property is one large lopolith. While this remains theoretical at present, the team intends to test the concept with future drilling once additional data increases confidence in its likelihood.

Mineral Resource Estimate Focus

The drilling in Q4 2025 at Trapper North forms part of the Company’s broader strategy to advance toward a maiden Mineral Resource Estimate for the Radar Project. The economic target is the large, continuous sections of oxide mineralization (semi-massive to massive VTM and ilmenite layers) that demonstrate consistent and exceptional grades in titanium, vanadium, and iron—critical minerals for North American supply security needed in defense, aerospace, renewable energy, and steel production.

Drilling these extensive oxide zones provides essential data on grade, thickness, continuity, and geometry, enabling the definition of a robust resource. The exceptional results from Trapper North validate the priority of targeting these enriched structural features. The rhythmic banding seen in drill hole R-0011 and in Trapper South to-date adds to the overall consistency and exceptional mineralization across the entire Trapper Zone. These elements inform the ongoing 2026 drill campaign, designed to systematically grid and delineate these zones across the Trapper Zone for increased resource confidence.

Next Steps at the Radar Ti-V-Fe Project

Personnel are expected to arrive in Cartwright, Labrador, today, and drilling will commence shortly thereafter.

The initial focus for the 2026 Radar Project drill program will be in the southern section of the Trapper Zone, also known as ‘Trapper South.’ SAGA’s geological team and Gladiator’s drill crews will take advantage of the extensive trail network created in the summer of 2025, allowing for an easy traverse for snowmobiles and the excavator used to move the drill. Drilling will begin at the southeastern extent of Trapper South, targeting approximately 30 holes (7,500 m). The program will then advance hole by hole back toward Trapper North, positioning the team to complete the remainder of the MRE drill campaign by spring.

Figure 4: Trapper Zone map outlining location of the initial 2026 focus for remainder of the MRE drill program to be completed in 2026  showing the TMI of the 2025 Trapper Zone ground magnetic survey Drilling will commence in Trapper Zone and move to Trapper North.

About Radar Property

The Radar Property spans 24,175 hectares and hosts the entire Dykes River intrusive complex (~160 km²), a unique position among Western explorers. Geological mapping, geophysics, and trenching have already confirmed oxide layering across more than 20 km of strike length, with mineralization open for expansion.

Figure 5: Radar Property map, depicting magnetic anomalies, oxide layering and the site of the 2025 drill programs. The Property is well serviced by road access and is conveniently located near the town of Cartwright, Labrador. A compilation of historical aeromagnetic anomalies is overlaid by ground-based geophysics, as shown.

Vanadiferous titanomagnetite (‘VTM’) mineralization at Radar is comparable to global Fe–Ti–V systems such as Panzhihua (China), Bushveld (South Africa), and Tellnes (Norway), positioning the Project as a potential strategic future supplier of titanium, vanadium, and iron to North American markets.

Figure 6: Radar Project’s prospective oxide layering zone validated over ~16 km strike length through Fall 2025 drilling, as shown on a compilation of historical airborne geophysics as well as ground-based geophysics in the Hawkeye and Trapper zones completed by SAGA in the 2024/2025 field programs. SAGA has demonstrated the reliability of the regional airborne magnetic surveys after ground-truthing and drilling in the 2024 and 2025 field programs.

Qualified Person

Paul J. McGuigan, P. Geo., is an Independent Qualified Person as defined under National Instrument 43-101 and has reviewed and approved the technical information disclosed in this news release.

Technical Information

Samples were cut by Company personnel at SAGA’s core facility in Cartwright, Labrador. Diamond drill core was sawed and then sampled intervals. The drill hole core diameter utilized was NQ.

Core samples have been prepared and analyzed at the Impact Global Solutions (IGS) laboratory facility in Montreal, Quebec. Blanks, duplicates, and certified reference standards are inserted into the sample stream to monitor laboratory performance. Crush rejects, and pulps are kept and stored in a secure storage facility for future assay verification. The Company utilizes a rigorous, industry-standard QA/QC program.

About Saga Metals Corp.

Saga Metals Corp. is a North American mining company focused on the exploration and discovery of a diversified suite of critical minerals that support the North American transition to supply security. The Radar Ti-V-Fe Project comprises 24,175 hectares and entirely encloses the Dykes River intrusive complex, mapped at 160 km² on the surface near Cartwright, Labrador. Exploration to date, including 4,250 m of drilling, has confirmed a large, mineralized layered mafic intrusion hosting vanadiferous titanomagnetite (VTM) and ilmenite mineralization with strong grades of titanium and vanadium.

The Double Mer Uranium Project, also in Labrador, covers 25,600 hectares and features uranium radiometrics that highlight an 18km east-west trend, with a confirmed 14km section producing samples as high as 0.428% U3O8. Uranium uranophane was identified in several areas of highest radiometric response (2024 Double Mer Technical Report).

Additionally, SAGA owns the Legacy Lithium Property in Quebec’s Eeyou Istchee James Bay region. This project, developed in partnership with Rio Tinto, has been expanded through the acquisition of the Amirault Lithium Project. Together, these properties cover 65,849 hectares and share significant geological continuity with other major players in the area, including Rio Tinto, Winsome Resources, Azimut Exploration, and Loyal Metals.

With a portfolio spanning key commodities critical to the clean energy future, SAGA is strategically positioned to play an essential role in critical mineral security.

On Behalf of the Board of Directors

Mike Stier, Chief Executive Officer

For more information, contact:

Rob Guzman, Investor Relations
Saga Metals Corp.
Tel: +1 (844) 724-2638
Email: rob@sagametals.com
www.sagametals.com

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

Cautionary Disclaimer
This news release contains forward-looking statements within the meaning of applicable securities laws that are not historical facts. Forward-looking statements are often identified by terms such as ‘will’, ‘may’, ‘should’, ‘anticipates’, ‘expects’, ‘believes’, and similar expressions or the negative of these words or other comparable terminology. All statements other than statements of historical fact, included in this release are forward-looking statements that involve risks and uncertainties. In particular, this news release contains forward-looking information pertaining to the Company’s Radar Project. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, environmental risks, limitations on insurance coverage, inherent risks and uncertainties involved in the mineral exploration and development industry, particularly given the early-stage nature of the Company’s assets, and the risks detailed in the Company’s continuous disclosure filings with securities regulations from time to time, available under its SEDAR+ profile at www.sedarplus.ca. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements only as expressly required by applicable law.

A photo accompanying this announcement is available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/9fbcc9ec-44a3-43f1-a7d7-7dbec24f1040
https://www.globenewswire.com/NewsRoom/AttachmentNg/00fad501-cc58-48c0-b7aa-a89459811cc2
https://www.globenewswire.com/NewsRoom/AttachmentNg/ae31ec17-733a-47f6-a9fd-6a2248f91f77
https://www.globenewswire.com/NewsRoom/AttachmentNg/0c36b8a7-5fc7-4ec2-9c73-d8ca9e544560
https://www.globenewswire.com/NewsRoom/AttachmentNg/fa283bb3-a0d0-44b9-a334-319bd3d1fcc5
https://www.globenewswire.com/NewsRoom/AttachmentNg/7ee3ee38-298e-44ac-b8db-1fda53783226

News Provided by GlobeNewswire via QuoteMedia

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Gold and silver are wrapping up yet another record-setting week that’s seen economic uncertainty and geopolitical tensions combine to push prices upward.

The yellow metal moved decisively through US$4,600 per ounce on Monday (January 12), trading above that level for a decent amount of the week.

For its part, silver reached what’s perhaps an even more impressive price milestone, surging past US$90 per ounce and breaking US$93 on Wednesday (January 14).

At this point, there’s a very long list of factors providing support for the precious metals, and we don’t have time to touch on all of them today. Instead let’s take a look at a few that have been making headlines over the past week or so and break them down.

First, there’s the latest news in the clash between US President Donald Trump and Federal Reserve Chair Jerome Powell. On Sunday (January 11), Powell said that two days earlier, the Department of Justice had served the Fed with grand jury subpoenas threatening a criminal indictment.

I had the chance to speak with Mario Innecco, who runs the @maneco64 channel on YouTube, not long after Powell’s statement — here’s how he summed it up:

‘They’ve subpoenaed documents, and it’s supposed to be related to the renovation of the Fed’s headquarters in Washington, DC. But Jay Powell came out and said it’s not, it’s basically because they want him to cut rates.

‘And he’s probably right. I think they’re using any kind of, let’s say tricks, to try to get rid of him, because I think the administration, even though they talk about how the economy is doing so great, they are desperate.’

Trump himself has said he had no knowledge of the investigation, and has also asserted that he’s not interested in firing Powell, whose term as Fed chair wraps up in May.

Nevertheless, the situation has reignited concerns about Fed independence, and has provided support for gold and silver, which tend to fare better when rates are lower. The next Fed chair, who has not yet been appointed, is widely expected to fall in line with Trump.

In addition to that, geopolitical tensions have remained high. Venezuela is still in the spotlight after its former president was removed by the US last week, and this week Trump warned that the US would intervene in Iran if its executions of anti-government protesters did not stop.

Iran responded by saying it would strike US bases if that happened.

Those events and others are boosting safe-haven demand for gold, as well as silver, but I want to hone in on a couple more points on the silver side that I think are worth looking at.

One of those is the news that the US plans to hold off on new critical minerals tariffs after receiving the results of a Section 232 investigation launched last year.

While a presidential proclamation states that imports of processed critical minerals and their derivative products do constitute a national security risk for the US, the country will first take steps such as negotiating supply agreements with other nations.

Silver was recently designated a critical mineral in the US, and some market watchers believe this news out of the US was responsible for a midweek price dip for the white metal. However, others continue to highlight silver’s deeper underlying drivers.

I heard recently from Andy Schectman of Miles Franklin, who emphasized that a key element supporting silver right now is the fact that more and more entities are standing for physical delivery.

Here’s how he explained what he’s seeing:

‘For years I’ve been saying … that the most well-informed, well-funded traders — and I’ll highlight well informed, that being the central banks — have been standing for delivery since 2020. Very unusual, because really no one ever stood for delivery. And this started to accelerate. But all along, the US was not part of this game. We were seeing it in the Global South with the BRICs. And now all of a sudden we are seeing the most well-informed traders in North America stand for delivery in massive amounts.’

Gold ended the week just below US$4,600, while silver was slightly above US$90.

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

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The Sacramento Kings could see the return of their All-Star power forward Jan. 16 in their Friday night game against the Washington Wizards.

Kings forward Domantas Sabonis is officially listed as questionable on the NBA’s Injury Report, but the team expects that he will suit up and play against the Wizards, according to ESPN.

Sabonis, a three-time All-Star, has missed the previous 27 games for the Kings with a partially torn meniscus.

He only appeared in 11 games so far this season, averaging 17.2 points and 12.3 rebounds.

In recent days, Sabonis was seen participating in shootaround during practices. Signs indicate he’ll rejoin the court with the Kings soon. And at a good time, too.

Sacramento has been rolling on a three-game winning streak at home, knocking off the Houston Rockets, Los Angeles Lakers and New York Knicks.

They’ll also get back Dennis Schroder, who missed that three-game stretch of wins after being suspended by the league for an altercation with Lakers’ star Luka Doncic after a Dec. 28 game at Crypto.com Arena in Los Angeles.

Sabonis trade market, contract status

Sabonis, in his 10th NBA season and year five in Sacramento, could be on the trade market.

Sabonis’ remaining contract includes three years and $136.3 million.

He signed a four-year, $186 million contract extension with Sacramento as part of a renegotiation-and-extend on July 6, 2023.

Domantas Sabonis highlights

This post appeared first on USA TODAY

The wham-bang contract agreements forged by Kyle Tucker with the Los Angeles Dodgers and brand new New York Met Bo Bichette in the span of roughly 15 hours suddenly swept the board clean of franchise players younger than 30 – and curtailed the destinations of a few players still out there.

Bichette’s three-year, $126 million agreement resets the perception of the offseason for multiple teams, players and fan bases. With that, let’s take a look at the winners and losers from Bichette’s Citi Field foray:

Winners

Bo Bichette

Nah, it wasn’t the $300 million deal one might have envisioned for Bichette both earlier in his career and as he put together an outstanding platform season in lifting the Blue Jays to the AL East title. But lest we forget, Bichette produced a .225/.277.322 line over 81 games just one year ago, worth -0.1 WAR. He finished this regular season with an injured knee, but a gallant World Series return reminded the world how impactful a player he can be.

At second base. Yeah, Bichette had to swallow some pride and will now likely be a second or third baseman the rest of his career, his defensive metrics being what they are. Yet with all that, he will command a $42 million salary – and be able to opt out next winter, when he’s just 28.

Pete Alonso and Alex Bregman showed how swimmingly that can work out. And Bichette is both younger and more positionally diverse than both of them. He may yet near a $300 million total guarantee once he signs his next deal.

New York Mets

Had ’em all the way, eh, David Stearns?

The Mets’ unflappable president, empowered by bottomless-pocketed owner Steve Cohen’s megabucks, nearly fumbled it all away this winter – letting Alonso walk without so much as a courtesy offer, declaring he’d pass on the elite starting pitching market, losing peerless closer Edwin Diaz by just a few bucks, the eh acquisitions of infielder Jorge Polanco, second baseman Marcus Semien and closer Devin Williams.

Bichette does not cure all. There’s still a gaping hole in left field where Brandon Nimmo once stood, and there’s tons of ambiguity surrounding how much trust and how many plate appearances the Mets will invest in several young players.

Still, Cody Bellinger remains on the market if they want to go big in left, and tweak the Yankees at the same time. Stearns’ notion of going economy on the rotation looks wise – a glut of fairly trusty veteran starters remain on the market.

And Bichette’s ability to ‘flat-out hit,’ as they say – he’s twice led the AL in hits and is in the 86th percentile in K rate – will create a suffocating 1-2-3 atop the lineup with Francisco Lindor and Juan Soto.

Still not ideal. But far from the cataclysmic winter hyperventilating Mets observers envisioned.

The AL East

Whew.

For a minute there, the Blue Jays and their Rogers Communications arsenal were starting to look like George Steinbrenner North. They struck quickly for ace Dylan Cease, and the notion of adding Tucker and retaining Bichette didn’t seem so farfetched at the outset of the season.

Under those circumstances, would the Yankees, Red Sox, Orioles and Rays be playing for second? Not quite, eh, but it would have been far less optimal.

Yet 2026 will bring no Tucker and no Bichette to the Blue Jays – or anyone else in the AL. The competitive balance of both division and league suddenly got a lot flatter.

J.T. Realmuto

The venerable Phillies catcher had been locked in a staring contest with his club, which just so happened to schedule a Zoom call with Bichette four days ago. Signing Bichette would have required moving several pieces around – and moving on from Realmuto.

Yet just hours after Bichette’s Mets agreement, team and club found common ground on a three-year, $45 million deal, ensuring their ironman backstop who turns 35 in March is back in the fold.

Losers

Toronto Blue Jays

You just hate to see it.

Sure, the re-signing of Vladimir Guerrero Jr. to a $500 million extension seemed certain to break up the organization’s power couple: Bo and Vladdy, together for a decade, legacy players and beloved in all of Canada.

Yet Bichette’s subpar 2024 dampened his value. His 2025 comeback did not totally send it into the stratosphere. Maybe the de facto brothers would be together forever.

Alas, it will be Vladdy going it alone, and suddenly the Jays’ $60 million signing of Japanese infielder Kazuma Okamoto looks all the more critical. His early performance will be watched warily, as Japanese hitters often need a greater adjustment time than pitchers.

So, too, will the Blue Jays’ many playoff heroes. Ernie Clement and Addison Barger and Andrés Giménez are now far more primary, rather than complementary pieces.

Sure, the Jays may yet forge a mini-dynasty in the AL. But it just got a lot tougher.

Cody Bellinger

For a minute there, it looked like he had the Yankees over a barrel. Maybe he still does.

But as he and the Yankees squabble over number of years on a contract, two of his alternatives – the Dodgers and Mets – spent big for Tucker and Bichette. Not to say the Mets won’t get back in the Bellinger game, and perhaps the Blue Jays will jump in, with money to burn and an upgrade over Nathan Lukes readily available.

We still believe the Yankees and Belli will find common ground somewhere between five and seven years. But it feels like the Yankees wield a little more clout in the power exchange now.

Mets corner infielders

Maybe someday, Mark Vientos and Brett Baty will get an unadulterated crack at a full-time job.

Unfortunately, they are developing players on a club that will be in perpetual win-now mode for the foreseeable future. And thus, Baty’s 3.1 WAR accrued in a 121-game 2025 campaign gets nudged to the side. Vientos’s backslide in 2025 after a second-half surge in 2024 might have slammed the door on any chance at a full-time gig going forward.

For now, the two third basemen are DH partners on paper, but with four projected regulars in their 30s, it’s not hard to imagine many of those at-bats will be gobbled up by veterans needing a day out of the field.

Perhaps a trade and a fresh start will be in the offing for one of them. For now, winter remains the time their playing time dreams evaporate.

Atlanta Braves

It’s getting increasingly difficult for one of the game’s best-run organizations to keep up with the Northeast behemoths.

The Braves were considered a solid candidate for Bichette’s services at the start of the winter. They opted to retain shortstop Ha-Seong Kim. Totally fine. Really good player.

Yet it will be hard to match the Mets’ and Phillies’ firepower, especially since Atlanta’s 2026 calculus likely bakes in bounceback seasons from the likes of Austin Riley and Jurickson Profar. Their margin for error is looking pretty thin.

It’s not like the Braves are paupers; listen to any old Liberty Media earnings call and you realize the Braves and The Battery are, as public equity bros might say, just printing. Still, they remain hesitant for big free agent splashes that upset the formula of retaining their own players.

From 2018 to 2023, when they ruled the NL East, that was fine. But it seems to get harder every year.

This post appeared first on USA TODAY

If Kansas basketball’s win over Baylor on Friday, Jan. 16 proved anything, it was that Darryn Peterson is in fact one of the best players in men’s college basketball.

The freshman star guard took over in the Jayhawks’ 80-62 win over the Bears at Allen Fieldhouse with 26 points on 11-of-13 shooting from the field with two rebounds and three assists.

His 26-point outing gives him his fourth game of at least 20 points in Kansas’ last five games. It’s the sixth game this season that Peterson, who has missed some time with a hamstring injury, has reached that mark, as well.

And he could have had more: Peterson made his last basket with 16:41 to go and didn’t play at all in the final 8:01.

Here’s a deeper look into Peterson’s night against the Bears, including a look at his full box score:

Darryn Peterson stats vs Baylor

Here’s a look at Paterson’s stats from Friday’s game against Baylor:

  • Points: 26
  • Shooting: 11-for-13
  • 3-point shooting: 2-for-4
  • Free throw shooting: 2-for-4
  • Rebounds: 2
  • Assists: 3
  • Steals: 1
  • Turnovers: 0
  • Minutes: 23

Darryn Peterson highlights

Here’s a look at a few highlights from Peterson’s night against the Bears:

Did Kansas basketball win today?

Yes, led by Peterson’s 26 points, Kansas picked up its third Big 12 win of the season with an 80-62 victory over Baylor on Jan. 16. The Jayhawks improved to 13-5 (3-2 in Big 12 play) on the season with the win.

The USA TODAY app gets you to the heart of the news — fastDownload for award-winning coverage, crosswords, audio storytelling, the eNewspaper and more.

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The Sacramento Kings could see the return of their All-Star power forward Jan. 16 in their Friday night game against the Washington Wizards.

Kings forward Domantas Sabonis is officially listed as questionable on the NBA’s Injury Report, but the team expects that he will suit up and play against the Wizards, according to ESPN.

Sabonis, a three-time All-Star, has missed the previous 27 games for the Kings with a partially torn meniscus.

He only appeared in 11 games so far this season, averaging 17.2 points and 12.3 rebounds.

In recent days, Sabonis was seen participating in shootaround during practices. Signs indicate he’ll rejoin the court with the Kings soon. And at a good time, too.

Sacramento has been rolling on a three-game winning streak at home, knocking off the Houston Rockets, Los Angeles Lakers and New York Knicks.

They’ll also get back Dennis Schroder, who missed that three-game stretch of wins after being suspended by the league for an altercation with Lakers’ star Luka Doncic after a Dec. 28 game at Crypto.com Arena in Los Angeles.

Sabonis trade market, contract status

Sabonis, in his 10th NBA season and year five in Sacramento, could be on the trade market.

Sabonis’ remaining contract includes three years and $136.3 million.

He signed a four-year, $186 million contract extension with Sacramento as part of a renegotiation-and-extend on July 6, 2023.

Domantas Sabonis highlights

This post appeared first on USA TODAY

  • Data shows Colorado coach Deion Sanders has altered his recruiting approach after a 3-9 season.
  • This new approach mirrors the one used by Indiana coach Curt Cignetti, who has led his team to the national championship game.
  • Unlike Cignetti, Sanders continues to rely heavily on the transfer portal instead of high school recruiting.

In an effort to revive his football program after a 3-9 season last year, Colorado coach Deion Sanders has developed a new blueprint for success.

It’s the same sort of blueprint that’s led Indiana to the national championship game against Miami on Jan. 19. It relates to recruiting new players and choosing “production over potential” when evaluating those recruits, even if it means recruiting players from the lower rungs of college football.  

This year, Sanders has received commitments from 23 transfer players who previously played outside of the spotlight of the Power Four conferences, including at Albany, Monmouth, Lafayette, New Mexico State, North Dakota State, Sacramento State and San Jose State.  But they’re productive college players with the game film to prove it, which often can be a better strategy than taking a backup player with “potential” from a big-time team in the Power Four.

“I know what I want,” Sanders said about recruiting recently on The Morning Run podcast. “I know how I want it. I know what we need and how we need it and the type of young man that we needed.”

Deion Sanders’ new recruiting strategy

Data compiled by USA TODAY Sports shows how Sanders has changed his recruiting approach this year as the transfer portal closes on Friday, Jan. 16. He has commitments from 35 transfer players, only 11 of whom are from other Power Four teams in the Big 12, Big Ten, ACC or SEC, plus one from Notre Dame. The rest are from lower levels of competition in the Group of Five conferences and the Football Bowl Subdivision (FCS).

In Sanders’ three previous recruiting seasons, more than half of his transfer recruits came from Power Four teams.

His new transfer recruits include former San Jose State receiver Danny Scudero, who led the nation in receiving yards per game in 2025 with 108.1.

Players from lower levels like him are generally looking to play on a bigger stage where there’s also more money to be earned from name, image and likeness deals (NIL).

By contrast, transfers from other Power Four often are looking for more playing time because they didn’t get it at their previous school. But the risk with taking players like that is that there was a reason they didn’t get that playing time at their previous school — because they weren’t good enough.

Last year Sanders acknowledged he “missed” on a number of these recruits. Now he’s mirroring the approach taken last year by Indiana coach Curt Cignetti.

“It is clearly influenced by what Curt Cignetti has done,” said former Penn State tight end Adam Breneman, co-founder The College Sports Company. “This is the smartest counter to the current portal economy. You are buying proven production, not betting on upside. FCS and Group of Five starters have already shown they can handle volume, pressure, and accountability, while Power Four backups are still projections.”

How Deion Sanders’ strategy resembles Curt Cignetti’s

In one respect, it was Cignetti who first copied Sanders in 2024 when he brought 13 players with him to Indiana from James Madison, where he previously coached outside the Power Four. A year earlier, Sanders brought nine scholarship players to Colorado with him from Jackson State, where Sanders previously coached in the FCS. That included his quarterback son Shedeur and two-way star Travis Hunter, who won the Heisman Trophy in 2024.

That foundation led both to success — a 9-4 record for Colorado in 2024 and two College Football Playoff berths for Indiana in 2024 and 2025. But Cignetti appeared to take it a step further. In 2024, 23 of the 30 transfer players he signed came from lower levels outside the Power Four, including from Old Dominion, Kent State and Austin Peay. One of them was former James Madison receiver Elijah Sarratt, who leads Indiana with 15 touchdown catches this season.

That was Cignetti’s first year at Indiana, when he almost had to build his roster from scratch.

“We signed 22 guys that all have been two- or three-year starters with consistent production,” he told reporters Jan. 12. “I knew we had flipped the roster.”

In 2025, Cignetti signed nine out of 23 transfers from outside the Power Four.

He said he was especially fond of a certain type of player: “Older, mature guys that played a lot of football.”

‘Production over potential’ for Deion Sanders

Sanders is getting a number of those types of players this year, even some from the Power Four level. Texas starting wide receiver DeAndre Moore Jr. recently committed to joining Colorado. So did Vanderbilt safety Randon Fontenette, who started 24 games the past two seasons.

But Sanders also mined the lower levels to a greater extent for players like Albany defensive lineman Balansama Kamara, who ranked first on his team last season with 7.5 sacks. Sanders’ new offensive coordinator Brennan Marion even is planning to bring four players with him from Sacramento State of the FCS, where Marion served as head coach last year.

“The risk is fit and ceiling,” Breneman told USA TODAY Sports. “Not every productive lower-division player scales up the same way, especially physically and mentally. If your evaluation is lazy, you end up with a roster full of solid players but not enough difference-makers. Cignetti succeeds because he is elite at identifying which production translates. If others copy the idea without that eye, it will fail fast.”

High school factor for Curt Cignetti, Deion Sanders

Sanders’ strategy differs from Cignetti’s in one key respect — recruiting high school players. Cignetti has envisioned decreasing his volume of players from the transfer portal while high school recruiting builds up to replace it based on the success of his program. His transfer class has 17 commitments for 2026, down from his previous two seasons.

“This year we’ll take a few less than we took last year, and we took a few less last year than we took the year before,” Cignetti said of the transfer portal.

By contrast, Sanders has been a pioneer of flipping his roster with transfer players since his first season at Colorado in 2023. He still recruits so few high school players that it’s become an issue in the state. For 2026, he signed only 11. His strategy is based on the notion if the high school recruit isn’t good enough to play right away, why sign him when he’ll leave for more playing time somewhere else after sitting on the bench at Colorado?

His incoming transfer class currently was ranked No. 18 by 247Sports, as of Jan. 16.  More than 30 scholarship players from 2025 are transferring out of Colorado at the same time, including star offensive tackle Jordan Seaton and standout safety Tawfiq Byard.

‘We’re intentional,’ Deion Sanders says

Some have questioned this approach after two losing seasons in three years.

“We’ve got no continuity in the locker room,” former Colorado linebacker Chad Brown told USA TODAY Sports in November. “There’s no continuity on the coaching staff. And so how do you build something when it’s all restarting every single year?”

Sanders hopes the answer this time is fewer “misses” and more “production over potential,” as seen by the way Cignetti built his program in just two years.

“We’re intentional with everything we do,” Sanders said on the podcast.

Meanwhile, the undefeated Hoosiers play for their first national title Monday night in Miami.

Follow reporter Brent Schrotenboer @Schrotenboer. Email: bschrotenb@usatoday.com

(This story was updated to add new information.)

This post appeared first on USA TODAY

Syntholene Energy (TSXV:ESAF,FSE:3DD0) is a next-generation clean energy company developing high-performance, carbon-negative synthetic liquid fuels, with aviation as its initial target market. The company is commercializing its proprietary Hybrid Thermal Production System, a breakthrough technology designed to enable low-cost, large-scale production of ultrapure synthetic jet fuel (eSAF).

Syntholene targets production costs up to 70 percent lower than the nearest competing technologies, positioning its fuel to be cost-competitive with — and ultimately cheaper than — conventional fossil fuels. With a mission to deliver the world’s first truly high-performance, low-cost, and carbon-neutral eFuel at industrial scale, Syntholene aims to unlock a new era of affordable, sustainable aviation and clean energy solutions

Syntholene is progressing its Hybrid Thermal Production System from laboratory-scale validation toward a real-world demonstration facility in Iceland, leveraging abundant geothermal resources and long-term expansion potential.

Company Highlights

  • Proprietary Production Technology – Synthetic fuel (eFuel) produced through a fully integrated, proprietary pathway designed for superior performance and materially lower cost than conventional power-to-liquid methods
  • Low-Cost, High-Performance Fuel – Engineered to deliver high energy efficiency while significantly reducing production costs
  • Sustainable Feedstocks – Manufactured using renewable electricity, green hydrogen, and captured carbon
  • Ultra-Low Emissions – Delivers up to 90 percent lower lifecycle emissions compared to conventional jet fuel
  • Drop-In Compatibility – Fully compatible with existing aircraft engines and global fueling infrastructure
  • Scalable Clean Energy Solution – Designed for industrial-scale deployment to accelerate the transition to sustainable aviation fuel

This Syntholene Energy profile is part of a paid investor education campaign.*

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Dalaroo Metals Ltd (ASX: DAL, “Dalaroo” or “Company”) is pleased to announce the results of its 2025 exploration program completed at the Company’s 100%-owned Blue Lagoon Project in Greenland (Figure 1).

Highlights

  • Maiden sampling program at the Blue Lagoon Project (Blue Lagoon) unlocks new Zirconium (Zr) and Rare Earth Elements (REE) potential district in Greenland.
  • First sampling program at Blue Lagoon since 1979 has successfully returned elevated Zr + REE mineralisation. All 113 samples returned anomalous values, across a ~2.7km strike – indicating a highly prospective new critical metals district in Greenland.

Zirconium & Hafnium

  • Exceptional high-grade Zirconium Oxide (ZrO2) and Hafnium Oxide (HfO2) surface samples include:
    • 4.42% ZrO2 & 98ppm HfO2 (Sediment Sample 26818D)
    • 4.09% ZrO2 & 99ppm HfO2 (Sediment Sample 26817D)
    • 3.82% ZrO2 & 82ppm HfO2 (Sediment Sample 26808D)
    • 3.58% ZrO2 & 61ppm HfO2 (Sediment Sample 26820D)
    • 3.13% ZrO2 & 62ppm HfO2 (Sediment Sample 26803D)
    • 2.85% ZrO2 & 73ppm HfO2 (Sediment Sample 26806D)
  • >2% ZrO2 and >40ppm HfO2 encountered in auger holes and sediment samples across the entire ~2.7km strike, indicating a large-scale, broad and well mineralised target area.
  • Hafnium is a critical semiconductor metal, which has become vital for supercharging the next-generation microchips and semiconductors, due to its high-K constant (dielectric constant) allowing Hafnium to store significantly more electrical charge than traditional SiO2 based semiconductors.
  • HfO2 has a K-constant approximately ~6x higher than SiO2, with one of the highest melting points of any compound, resulting in >1000x reduction in electron leakage through transistors versus SiO2 – underpinning the next generation of high-performing semiconductors1.
  • HfO2 (High Purity) indicative sale price currently at AU $16,297/kg, reflecting its advanced chemical properties, increasing demand in high‑tech applications, and the scarcity of hafnium‑bearing minerals2.
    • Blue Lagoon sampling has confirmed a ~2.7km strike with >2% ZrO2 and >40ppm HfO2 at surface, with potential for Hafnium grades to concentrate further at depth, subject to drilling confirmation.

Rare Earths

  • The Blue Lagoon Project has returned high-grade REE results with consistent elevated Magnet Rare Earth Oxides (MREO)13 encountered at surface, with Total Rare Earth Oxide (TREO)13,16 grades highlighted by:
    • 8,079 ppm TREO with 29% MREO (Sediment Sample 26824D)
    • 6,491 ppm TREO with 27% MREO (Sediment Sample 26801D)
    • 5,668 ppm TREO with 27% MREO (Sediment Sample 26824C)
    • 5,654 ppm TREO with 27% MREO (Sediment Sample 26823D)
    • 5,519 ppm TREO with 25% MREO (Sediment Sample 26818D)
  • Blue Lagoon has shown exceptional Heavy Rare Earth Oxides (HREO)14,15 enriched in Dysprosium (Dy2O3) and Terbium (Tb4O7) grades encountered at surface, unlocking a new completely untapped district in Greenland:
    • 886ppm HREO (Sediment Sample 26824D)
    • 752ppm HREO (Sediment Sample 26801D)
    • 742ppm HREO (Sediment Sample 26823D)
    • 682ppm HREO (Sediment Sample 26807D)
    • 654ppm HREO (Sediment Sample 26806D)
    • 628ppm HREO (Sediment Sample 26818D)
    • 615ppm HREO (Sediment Sample 26808D)
    • 597ppm HREO (Sediment Sample 26824C)
    • 596ppm HREO (Sediment Sample 26817D)
    • 589ppm HREO (Sediment Sample 26822D)
    • 559ppm HREO (Sediment Sample 26820D)
  • TREO grades and HREO grades have the strong potential to improve as Dalaroo continues to assess full district potential of the Blue Lagoon Project and drill test immediate targets to determine the scale of the mineralised system.
  • Importantly, sampling at Blue Lagoon has returned low Uranium levels, with a maximum reading of 25ppm U3O8 which has the potential to simplify processing complexities and encouragingly falls below the 100ppm uranium threshold levels for permitting in Greenland
  • Placer & Liberated REE Potential: These exceptional REE grades were encountered at surface, consistently over the entire ~2.7km strike. With the natural weathering having enriched the REE into beach-like alluvial sediments – indicating potential for a proximal placer style REE deposit, where REE grains have been freely-liberated and has the potential to produce a REE concentrate through low CAPEX, simple physical separation methods.

Click here for the full ASX Release

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