Brightstar Resources (BTR:AU) has announced Sandstone Strategic Plan to Deliver Long-Life Production Hub
Download the PDF here.
Brightstar Resources (BTR:AU) has announced Sandstone Strategic Plan to Deliver Long-Life Production Hub
Download the PDF here.
The 2026 MLB season begins on March 25. That’s little more than two months away, and while everyone assumes the Los Angeles Dodgers are destined to three-peat, the bright side is that everyone is already looking to 2027 and beyond.
Looking so far ahead is difficult though. We don’t know how players will age. We don’t know what trades or free agent acquisitions will be made. We don’t even know whether or not there will be a lockout when the current CBA expires on Dec. 1 this year.
The only decent indication we have of each team’s future is their farm system. The teams with the best farm systems often become the best teams in the league soon after. The Chicago Cubs had one of the best in the league prior to their World Series title in 2016. The Tampa Bay Rays were near the top for much of the transition between the 2010’s and 2020’s. The Baltimore Orioles had the best for several years before finally breaking through in 2024, even if they fell apart just one year later.
So, looking ahead to the second half of the decade, which teams are set for contention? Here’s every MLB team’s farm system ranked from worst to best entering the 2026 season.
*Prospect rankings listed via MLB.com
Top 5 prospects:
The Padres basically gutted their farm system last year at the trade deadline, with their biggest prospects, Leo De Vries being shipped to the Athletics in the deal for Mason Miller. The Padres have some players who could wind up becoming franchise stalwarts in the future but outside of Salas, Schoolcraft, and Mayfield, there isn’t much to love about San Diego’s future.
Top 5 prospects:
The Angels reached for Tyler Bremmer at No. 2 overall, and he is widely considered their top prospect. That’s not a great combination unless Bremmer can break out and exceed the expectations he had prior to being drafted. Another one of the organization’s top prospects, Caden Dana, also experienced some setbacks a season ago. For a team prone to calling up their prospects much earlier than they should, that’s a very unfortunate situation and could further delay the team’s rebuild.
Top 5 prospects:
Losing Jacob Melton in the Brandon Lowe trade is a huge blow to the Astros’ farm system, which was already rated lowly to begin with. While Melton didn’t have a spectacular stint in the big leagues, slashing just .157/.234/.186 in 32 games for Houston, we’d yet to see how he could perform in a full season. Now, Houston is forced to lean on guys like Janek and Kevin Alvarez who have potential but have yet to establish themselves as legitimate fanbase-inspiring prospects.
Top 5 prospects:
The lack of depth in the Braves’ farm system is really showing here. The team had a great crop of young talent get called up a season ago including Drake Baldwin, AJ Smith-Shawver, and Hurston Waldrep, but outside of those guys, the Braves didn’t have much else to lean on in 2025. Now, heading into the 2026 season, the team didn’t do really anything to quell those concerns. Luckily for the Braves, most of their key players are locked up for a while, so the farm system isn’t much of an issue … for now.
Top 5 prospects:
It’s hard to have faith in this team’s farm considering Jensen will be on the big league team sooner rather than later. Even with Jensen though, this team’s system lacks sustained star power. Sean Gamble doesn’t possess any attributes that really pop out of the stat sheet. Hammond likely won’t be ready for the majors anytime soon, and Ricardo is 18 years old and struggled in A-ball. There’s potential down the line, and Jensen is a stud, but they might have a dry spell of great prospects coming to the big leagues for a few years.
Top 5 prospects:
The Rangers have some potential with their group of prospects considering many of their young pitchers were highly touted, even cracking MLB’s top-100 prospect list before small stints of poor play and suffering injuries that derailed their 2025 campaigns. If guys like Santos, Alejandro Rosario, and even Emiliano Teodo can bounce back, there’s reason to be excited. Obviously, Walcott is a stud, but he’s the only sure thing the Rangers have currently.
Top 5 prospects:
Despite four players in MLB’s top-100 prospect list, the Yankees don’t have anyone outside of Lombard who has proven capable of sustaining such success. Spencer Jones smacked 35 home runs in Double and Triple-A last year, but his previous best was just 17. We’ll need to see more from him, Lagrange, and Rodriguez before we’re ready to rank the Yankees any higher.
Top 5 prospects:
Everyone lauds Ethan Holliday as this marvelous prospect. He is, but we can’t forget just how many lumps his brother Jackson has taken in the majors. He’s yet to really be an above average player for the Orioles. All that is to say that it might be some time before Ethan Holliday makes an impact for the club. That said, the team did pick up solid left-handed pitching prospect Griffin Herring at the trade deadline, and guys like Calaz and Carrigg have shown flashes of star potential if they can put all of their tools together.
Top 5 prospects:
Much of the Diamondbacks’ farm system lies in the strength of their 2024 draft haul. Waldschmidt has been an offensive juggernaut at every level he’s played in. Slade Caldwell has a great gap-to-gap swing which has allowed him to rack up extra-base hits in A and High-A ball. JD Dix hit .342 in rookie ball last year. And Daniel Eagen posted a sub-2.5 ERA in 97.2 innings of High-A last year. There’s reason to be optimistic moving forward, but it would be a shock to see many of these players make an impact at the big league level before 2027.
Top 5 prospects:
The Giants had legitimate depth in their farm system going into the 2026 offseason, then they added the No. 1 international prospect in Luis Hernandez as well. That’s a major get for a team that has struggled to produce home grown talent for the last decade. Eldridge is expected to be a massive bat right away for the Giants in 2026, and although the team lacks star pitchers in their farm, the team needs young position players considering Willy Adames, Matt Chapman and Rafael Devers are all 29 or older.
Top 5 prospects:
What’s not seen in this top-five above is that the Cardinals have another strong catching prospect in their system in Jimmy Crooks, who appeared in 15 games for the Cardinals last season. The team has depth at a very key position and it’s kind of shocking that they didn’t make any moves by dealing one of those players. Even with down seasons for players like Tink Hence and Quinn Mathews, the Cardinals have more than a few prospects with stellar upside and could probably make a move or two to make themselves more competitive in 2026.
Top 5 prospects:
The addition of Harry Ford really propels this team forward. Without him, this is a team that has sunk a lot of assets into unproven talent with recent draft picks Willits, Petry, Harmon, James, and Sime each earning more than $2 million in signing bonuses.
Top 5 prospects:
The Blue Jays lost some depth at the trade deadline last year, dealing guys like Khal Stephenand Juaron Watts-Brown, but Trey Yesavage also put together a monster postseason run, still classifying as a prospect. One hit from a prospect pool is a big plus in my books as very few players are every sure-fire hits. Yesavage looked like a future star and that alone is enough to push Toronto up a few spots in these rankings.
Top 5 prospects:
Sal Stewart and Rhett Lowder have both flashed significant potential in limited MLB action for Cincinnati, but Stewart still only posted a 102 OPS+ and Lowder is coming off a rather severe injury, so it’s yet to be seen if either can create long-term impact.
Top 5 prospects:
MLB is underrating Thomas White in my opinion. This man could be the top pitching prospect in baseball. He’s succeeded at every level, and even is just 20 years old. He made a brief appearance in Triple-A last season and was striking out 16.4 batters per nine innings. That is insane. Just nutty stuff. That said, I’m not sold on most of the other players in this system. Arquette didn’t wow anyone in his first year in the minors. Caissie was the big name in the Edward Cabrera deal, but he spent nearly two full seasons in Triple-A, didn’t show much improvement between 2024 and 2025 (but he did display a bit more pop) and then struggled in limited MLB action. There’s a reason the Cubs gave him away. That’s all I’ll say.
Top 5 prospects:
MLB.com isn’t considering Munetaka Murakami a prospect I guess, which is weird considering they counted Roki Sasaki for the Dodgers a year ago. If Murakami was on this list, the White Sox would have legitimate top-10, maybe top-7 considerations. Still, even without their Japanese slugger, the White Sox have tons of solid talent scheduled to come up in 2026, 2027, and 2028. While they don’t currently have someone who stands out as a potential MLB superstar, they have a well of talent that should continue to improve the team for years.
Top 5 prospects:
Even without Caissie, I like this team moving forward. They were very well-prepared for the departure of Kyle Tucker in free agency, with Alcantara ready to take over the starting right field job. Ballesteros also flashed remarkable potential in 20 games with the Cubs at the end of 2025. Essentially, the Cubs don’t have a plethora of top-100 talent and lost Caissie, but they have a lot of pieces ready to fill in for anyone who might suffer an injury or get traded and they likely won’t see much of a dip in production.
Top 5 prospects:
When a guy with a 5.40 ERA in Triple-A is being heralded as the next big pitching prospect, there’s reason to be concerned. Painter was coming off Tommy John surgery, but there were more reasons to be skeptical about his potential moving forward. If he has a rough start to 2026, this team could fall much further down these rankings. Still, the questions surrounding Painter are mostly offset by breakout seasons from guys like Aroon Escobar, who managed an .828 OPS in A-ball from second base. That’s something to keep an eye on.
Top 5 prospects:
The addition of Leo De Vries did wonders for this team’s farm. Sure, losing Mason Miller hurts, but it bolsters this team’s future drastically, which is good considering they want to be great for their first year in Vegas. There were far more breakout seasons than there were setbacks in the A’s system altogether. That’s a recipe for succcess when guys like Nick Kurtz and Jacob Wilson have already made valuable impacts at the major league level.
Top 5 prospects:
It’s shocking to see how the Mets’ farm system has turned on its head in the past year. Brandon Sproat was supposed to be the top guy in the organization, and he didn’t experience a bad year per se in 2025, posting a 4.24 ERA in Triple-A before having a brief, mediocre stint in the majors. But he’s not even on the team anymore after the Mets traded him and Jett Williams to Milwaukee.
Thankfully for Mets fans, the team saw several of their mid-tier prospects break out in unexpected ways. Benge, McLean, Tong, Ewing, and Reimer all exceed expectations, which has set them up very nicely for the immediate future, and enabled them to make the move for Freddy Peralta without their farm system suffering too drastically for it.
Top 5 prospects:
Many people believed the Red Sox farm would fall off after graduating guys like Roman Anthony, Kristian Campbell and Marcelo Mayer last season. However, the team enjoyed a plethora of breakouts, particularly from Payton Tolle. Pitching certainly won’t be a problem for this team for years to come.
Top 5 prospects:
A little top-heavy, it’s hard to rank the Orioles lower than top 10 considering how good and how ready for the bigs Samuel Basallo is. The Orioles certainly have depth but will need more consistency from their mid-tier prospects before anyone is ready to consider them a true powerhouse farm system again.
Top 5 prospects:
Another year, another great haul of prospects for the Rays. The addition of Jacob Melton just added to an already loaded farm. The Rays do lack some pithing depth, particularly southpaws, as not a single lefty cracks their top-30 prospects, but outside of that, this team has such a ‘next man up’ attitude and great developmental program that you can’t really knock them too much.
Top 5 prospects:
Considering the fire sale the Twins endured in 2025, you’d hope they have a good farm system now. Thankfully, they do, the addition of guys like Mick Abel, Kendry Rojas, and Eduardo Tait mark a serious shift in the outlook for this team’s future.
Top 5 prospects:
For a team that was in the playoffs a year ago, it’s easy to forget they actually bolstered their farm system by playing the role of ‘seller’ at the trade deadline, shipping Shane Bieber to Toronto for Khal Stephen. Stephen struggled in Double-A for Cleveland, but has the tools necessary to be a strong major league arm. He’s still only 22 and doesn’t walk people much. His strikeout numbers could stand to improve though.
Top 5 prospects:
Griffin and Chandler are the truth. They were already on the team heading into the 2025 trade deadline. Then they added Rafael Flores Jr. and Sammy Stafura at the deadline? Yeah, this team has a bright future, meaning they’ll have a three-year window of playoff contention before all their best players sign with the Dodgers, thus beginning another 10-year rebuild.
Top 5 prospects:
Everyone knows how great the top four prospects in this system are, but they have some potential further down as well. A player a lot of people have noticed is Cris Rodriguez who slashed a stellar .308/.340/.564 at 17 years old in the Dominican Summer League.
Top 5 prospects:
Jesus Made and Luis Peña emerged as two of the best international prospects in baseball last season. They were already highly touted and then each enjoyed an OPS of .760 or better in A-ball. Oh, they’re also each entering their age-19 seasons.
Furthermore, while the loss of Freddy Peralta obviously hurts the team, the additions of the Mets’ No. 3 and 5 prospects in Jett Williams and Brandon Sproat gives the farm system a huge boost.
Top 5 prospects:
The rich get richer. Look at it. This is what baseball has become. It wasn’t enough for them to give out $1.2 billion in guaranteed money, they had to have a tremendous scouting department as well. On the bright side, most of these guys will likely get traded away for proven MLB-ready talent.
Top 5 prospects:
The impressive part of the Mariners’ farm system is that they built it quietly and have put themselves in position to have a steady influx of highly-touted talent join the team for years to come. While the loss of Harry Ford certainly stings a little bit, the Mariners already have a decent catcher (in case you hadn’t noticed) and just added Luke Stevenson via the draft, who enjoyed a very solid year in A-ball, slashing .280/.460/.400.
Dabo Swinney went scorched earth late last week, decrying the ills of college football and the absurdity of those in charge ignoring the obvious.
He laid out the most damning of all tampering allegations against Ole Miss. He called out a head coach and player by name.
“This is about protecting our program,” Swinney said Jan. 23. “This is about college football.”
Meanwhile, two days before the national championship game, Miami athletic director Dan Radakovich stumped for no salary cap in college football. A free, open market.
On the same day — an incredible coincidence, I know — Duke quarterback Darian Mensah backed out of the second year of a two-year deal with the Blue Devils, and entered the transfer portal.
Guess which program, after having spent more money on one-year quarterback deals than any other in the free player movement era, desperately needs a quarterback for 2026?
I have no idea if Miami tampered with Mensah, and frankly, I don’t care. Because if the NCAA isn’t going to police it, they’re allowing it.
We’ve officially entered the if you ain’t cheatin’, you ain’t tryin’ era of college football.
And that brings us all the way back to Clemson, which hasn’t been the same program since the NCAA flew open the doors to NIL and free player movement in 2021 and left every man for himself.
Clemson has lost 20 games in the five NIL seasons to date — after losing 18 games in the 10 years prior while battling in the high rent district with Alabama, Ohio State and Georgia. A 2025 season of national title expectations ended with a loss to an untethered Penn State team in a meaningless bowl game.
The half-decade of falling back to the pack has officially hit rock bottom. And now — an incredible coincidence, I know — here come the allegations of tampering against Ole Miss coach Pete Golding.
Buy IU championship books, prints
Swinney laid out the allegations like it was next-level stuff, only it’s not. If you want to know why Clemson hasn’t looked like Clemson since getting thumped by Ohio State in the 2020 College Football Playoff semifinals, the answer is simple.
Clemson isn’t competing at the same, whatever-it-takes level when it comes to player procurement.
Swinney was floored that Golding allegedly kept recruiting linebacker Luke Ferrelli long after Ferrelli left California at the end of the 2025 season and committed to Clemson. Couldn’t believe that Golding, allegedly, was texting Ferrelli in class and trying to get him to flip.
Wouldn’t you know it, in this Wild, Wild West world of free player movement and cash is king, Ferrelli jumped at the better offer and switched his commitment to Ole Miss. For those scoring at home, it went like this:
As much as I’d love to side with Swinney on this, we now have a clear, unobstructed view into Clemson’s regression from the national elite. Everyone knows the rules to this absurd money grab of free player movement, and Clemson refuses to play by them.
And by rules, I mean no rules at all.
Swinney says Golding spoke to Ferrelli, and that Ole Miss quarterback Trinidad Chambliss and former quarterback Jaxson Dart called Ferrelli. Even alleged Golding sent Ferrelli a photo of a check for $1 million.
Ole Miss pushed the envelope and Clemson didn’t push back — until after the fact. Until after Ferrelli decided to go with the best offer, and leave Clemson with a significant hole in its defense.
Look, there’s nothing pretty or practical about this new era of the game. It’s unseemly and unsettling and has run off far lesser coaches than Swinney. Good men who refuse to get dirty to get better.
“We have a broken system,” Swinney said. “If there are no consequences for tampering, then we have no rules and we have no governance.”
There hasn’t been rules and governance for five years now, no matter what the NCAA rulebook says. While there’s a bylaw against tampering, if you’re not pushing the envelope at every possible angle while recruiting, you’re left behind.
There’s a reason Ole Miss, which has never even played in the SEC championship game, was playing in the CFP semifinals while big, bad Clemson was still thawing out from a brutal bowl game in the Bronx.
Ole Miss is 52-15 in the NIL era, including its first CFP season of 2025. Clemson is 47-20, despite playing in a significantly easier conference.
Ole Miss was 61-61 in the 10 years prior to the advent of NIL and free player movement, and Clemson was 121-18 — with two national titles and six CFP appearances.
One team presses the new recruiting envelope as well as any program in college football. The other sits around and complains about the transfer portal, and how college football isn’t what it once was.
In the irony of ironies, by exposing Ole Miss for allegedly tampering with a player, Clemson pulled back the curtain on its fall from the national elite.
If you ain’t cheatin’, you ain’t tryin’.
The NBA announced its pool of participants for the 2026 Castrol Rising Stars game on Peacock on Monday, Jan. 26. Twenty-one players – 10 rookies and 11 sophomores – along with seven G Leaguers were chosen to represent the future of the NBA to tip-off All-Star Weekend in Los Angeles on Feb. 13.
The rookies are headlined by 2025 No. 1 overall pick Cooper Flagg, who has looked every bit the franchise centerpiece the Dallas Mavericks were in desperate need of after shipping out Luka Doncic a year ago. Memphis Grizzlies emerging wing Cedric Coward is also in the pool, along with the New Orleans’ Pelicans’ duo of breakout stars Jeremiah Fears and Derik Queen.
Stephon Castle has established himself as a solid running mate for San Antonio Spurs star Victor Wembanyama; he’s among the sophomores selected. So is Houston Rockets guard Reed Sheppard, who has stepped up from his early season struggles in the absence of Fred VanVleet.
The players will be drafted into three teams on Tuesday, Jan. 27 with a fourth comprised entirely of G League players. Carmelo Anthony, Vince Carter, Tracy McGrady and Austin Rivers will serve as the coaches for each team.
Here is the full list of players they will be picking from:
Here is every player named to the Rising Stars game:
Four teams of seven players each will face off in a mini tournament. Tip-off is scheduled for 9 p.m. ET (6 p.m. PT) on Friday, Feb. 13 at the Intuit Dome in Inglewood, California.
Injured Toronto Maple Leafs star William Nylander flashed his middle finger during Sunday’s game when he noticed a TV camera was filming him and other non-playing teammates in the press box.
The gesture cost him $5,000 on Monday, Jan. 26.
The NHL said he was fined the maximum amount because he violated a policy that ‘prohibits inappropriate and offensive remarks, and the use of obscene, profane or abusive language or gestures in the game.’
“This serves as a reminder the code of conduct governing players extends throughout the arena at NHL games and in public game situations,’ NHL disciplinarian George Parros said in a statement.
Nylander suffered a groin muscle injury on Jan. 15 and went on the injured list on the 19th. Sunday’s game was the fifth one he missed. The last four have been losses.
He apologized on social media on Sunday for his ‘moment of frustration’ and also Monday in person during a meeting with reporters.
‘I’m just not playing,’ he said of why he’s frustrated. ‘I just want to be out there with the guys.’
He said he received a text message right after the gesture was shown on the TV broadcast.
‘I was like, ‘Not a good idea, not a good thing to do,” he said. ‘Like I said, I apologize about that.’
Nylander, who sat out 10 other games with injury this season, said he hopes to return to action during the team’s upcoming road trip, which runs from Jan. 29 to Feb. 3.
He has also been named to Swedish Olympic team.
The wrongful death suit filed by the parents of Katie Meyer against Stanford University has been resolved, the school announced Monday, Jan. 26, in a joint statement from the school and Katie’s family.
Meyer, who led the Stanford women’s soccer team to a national championship in 2019, died by suicide on March 1, 2022.
Meyer, 22 at the time of her death, was found in her dorm at Stanford.
Meyer’s parents sued Stanford in November 2022. The lawsuit, filed with the Santa Clara County Superior Court of California, was scheduled to go to trial later this year.
Meyer’s parents said the school was responsible for their daughter’s death from a disciplinary matter stemming from Katie Meyer either intentionally or accidentally spilling coffee on one of Stanford’s football players.
“Stanford and the family of Katie Meyer are pleased to have reached a resolution in the lawsuit that was filed against the university following Katie’s tragic death in 2022,’’ the university said in a statement issued Monday.
“To honor Katie, Stanford will collaborate with Katie’s family to launch an initiative focused on the mental health and well-being of student-athletes at the Wu Tsai Human Performance Alliance. Stanford Athletics will establish the Katie Meyer Leadership Award to be given to an exceptional Stanford student-athlete each year. More information on both the initiative at Wu Tsai and the Leadership Award will be provided later this year.’’
Stanford also said it would adopt the principles of Katie Meyer’s Law to provide support to students in its Office of Community disciplinary process. Also, the jersey number worn by Katie while she played soccer at Stanford, #19, will be retired in honor of the impact Katie had on Stanford women’s soccer, according to the statement.
“While Katie’s passing remains devastating and tragic, the memory of her accomplishments and the uplifting influence she had on those who knew her lives on,’ the university said. “Stanford and the Meyer family believe that working together on these initiatives will both honor Katie’s indelible legacy and help current and future students in meaningful ways.’
At the time Meyer died by suicide, she was facing disciplinary action for allegedly spilling coffee on a Stanford football player in August 2021 while she was riding her bike, according to the complaint filed by Meyer’s parents in Santa Clara County Superior Court.
The football player allegedly sexually assaulted a female soccer player, then a minor, on the Stanford women’s soccer team on which Meyer served as a captain, according to the complaint.
The school filed court documents stating the unnamed football player suffered burns on his back that required medical attention and had kissed one of Meyer’s teammates without consent.
Meyer’s father, Steve, previously told USA TODAY Sports that the disciplinary issue arose from Katie Meyer defending a teammate.
Meyer, a goaltender, was a captain of the Stanford soccer team her senior year. But her most dramatic performance came during her sophomore season.
During the 2019 NCAA women’s soccer championship between Stanford and North Carolina, the game ended 0-0 after two 10-minute overtime periods before going to penalty kicks.
Stanford won 5-4 on penalty kicks after Meyer saved two shots.
In the semifinal game against UCLA, Meyer saved the penalty kick that helped propel Stanford to a 4-1 victory.
Meyer’s parents argued that Stanford mishandled the disciplinary process and failed to provide Katie with adequate support, in part because they were not informed of the matter. The Meyers said their daughter suffered acute stress because the matter meant her degree would be put on hold until the previous disciplinary matter was resolved, which could have prevented her from graduating.
The proceedings grew contentious when the school said Meyer’s parents allowed key information to be destroyed. The school argued it needed the information to demonstrate Meyer’s state of mind at the time of her death, that Stanford was not to blame. The Meyers’ attorneys strongly denied that the parents destroyed any evidence.
A California bill spurred by the death of Meyer became state law in September 2024.
Gov. Gavin Newsom signed into law Assembly Bill 1575, which requires public colleges and universities to allow students to have an adviser when facing an alleged violation of a student code of conduct.
In a joint statement Monday, Stanford said it “will adopt the principles of Katie Meyer’s Law to provide support to students in its OCS disciplinary process.’’
In order to receive state funds for student financial assistance, the schools must ‘adopt a policy permitting a student to be assisted by an adviser if the student receives a notification of an alleged violation of … a student code of conduct.’
The bill was an outgrowth of Katie’s Save, a non-profit established by the Meyers, who traveled across the country talking about the initiative they hope will become law in all 50 states.
This story has been updated with new information.
New Found Gold is an emerging Canadian gold producer with a multi-asset portfolio in Newfoundland and Labrador, anchored by the high-grade, district-scale Queensway project and complemented by the Hammerdown operation and permitted processing infrastructure at Pine Cove and Nugget Pond. New Found Gold offers a combination of near-term cash flow potential and long-term, district-scale growth.
New Found Gold (TSXV:NFG,NYSE:NFGC) is an emerging Canadian gold producer with assets located in Newfoundland and Labrador, Canada. The company’s portfolio includes its flagship Queensway gold project, as well as the Hammerdown operation, Pine Cove mill and Nugget Pond hydrometallurgical gold plant.
In 2025, New Found Gold refreshed its board of directors and management team, adding a group of experienced mine builders and operators to support the company’s transition from exploration to production, and build off its established exploration expertise. The reconstituted board is led by chairman Paul Andre Huet and includes seasoned mining executives and capital markets specialists.
In November 2025, New Found Gold completed the acquisition of Maritime Resources, creating a diversified gold company with both development and producing assets in a top-tier jurisdiction. The transaction brought together two high-quality gold projects — Queensway and Hammerdown — and added permitted processing infrastructure, positioning the company to pursue a clear path to production and cash flow.
The company is currently focused on ramping up Hammerdown safely and efficiently through 2026, while advancing Queensway through engineering, permitting and project finance toward a targeted Phase 1 start-up in H2/2027. This multi-asset approach is intended to support near-term cash flow potential while maintaining meaningful exploration and development upside through Queensway’s large, high-grade gold system.
At Queensway, New Found Gold has consolidated a district-scale land position and continues to advance technical work including infill drilling, grade control drilling, geotechnical studies, metallurgical testwork, environmental baseline studies and broader exploration programs. In parallel, the company has engaged Cutfield Freeman as project finance advisor to help evaluate and select an optimal financing package for Queensway Phase 1 initial capital.
The 100 percent owned Queensway gold project is New Found Gold’s flagship asset and the primary driver of long-term value creation. Located in central Newfoundland, Queensway spans 230,225 hectares and covers more than 110 kilometres of strike along the Appleton and JBP fault zones, highlighting its district-scale exploration potential.
Aerial view of the Queensway gold project, adjacent to the Trans-Canada Highway near Gander, Newfoundland and Labrador
In 2025, New Found Gold published its initial MRE for Queensway, outlining 18 Mt grading 2.40 grams per ton (g/t) gold for 1.39 Moz (indicated), with an additional 10.7 Mt grading 1.77 g/t gold for 0.61 Moz (inferred), establishing a solid mineral resource base to underpin development studies.
In July 2025, New Found Gold completed a PEA for Queensway showing total production of approximately 1.5 Moz over a 15-year mine life and robust base-case economics, including after-tax NPV5 percent of C$743 million and after-tax IRR of 56.3 percent at US$2,500/oz gold, with life-of-mine AISC of US$1,256/oz, and Phase 1 initial capital of approximately C$155 million. The PEA outlines a phased development strategy designed to accelerate the project’s path to production, with Phase 1 focused on high-grade, near-surface mineralization from the Appleton Fault Zone (AFZ) Core and a low-capital processing approach leveraging off-site milling and tailings capacity (including the company’s permitted Pine Cove facility).
The AFZ Core hosts multiple high-grade gold zones, including Keats, Iceberg, Keats West, Lotto and Monte Carlo, which form the foundation of the PEA mine plan. Ongoing infill drilling, grade control drilling, excavation and geotechnical programs are being carried out to support mine planning, improve resource confidence, and advance future mineral resource updates. In 2025, the company completed more than 74,000 metres of diamond drilling, primarily focused on resource definition and pre-development work, alongside continued near-surface excavation, mapping and channel sampling in key zones.
Beyond the current mine plan, continued drilling along strike and at depth across Queensway has delivered new discoveries, highlighting the project’s potential for resource growth beyond the initial PEA scope. Notably, exploration success at targets outside the AFZ Core — including the Dropkick zone — underscores the broader camp-scale potential across the district-scale land package.
The Hammerdown operation is a high-grade gold project that New Found Gold is advancing through production ramp-up. Following the Maritime acquisition, Hammerdown achieved a first gold pour in November 2025 and is targeted to ramp up to commercial/steady-state production later in 2026.
Hammerdown benefits from on-island processing infrastructure and regional synergies, providing the company flexibility to pursue a production-focused strategy alongside ongoing development at Queensway. Hammerdown is the first step in establishing New Found Gold as a new Canadian gold producer.
New Found Gold also owns the Pine Cove operation, which includes a fully permitted mill and tailings facility, as well as the Nugget Pond hydrometallurgical gold plant. These assets provide the company with permitted processing infrastructure in Newfoundland and Labrador and support operational flexibility as Hammerdown ramps up and Queensway advances toward a phased production strategy.
Keith Boyle brings over 40 years of global mining experience, including extensive roles in operations, project development, technical studies, investor relations and budget management. Prior to joining New Found Gold, Mr. Boyle served as chief operating officer at Reunion Gold, where he fast-tracked the high-grade Oko West project in Guyana ahead of its acquisition for $870 million. He holds a Bachelor of Science in Mining Engineering and an MBA, and is a registered professional engineer in Ontario and Newfoundland & Labrador.
Paul Andre Huet is currently the chief executive officer at Americas Gold and Silver and was chairman and CEO of Karora Resources from 2019 to 2024, until its acquisition by Westgold Resources for $1.3 billion. Prior to this he was president, CEO and Director of Klondex Mines from 2012 to 2018, until its acquisition by Hecla Mining Company for $700 million. Huet has a strong command of capital markets and has served in all levels of engineering and operations within publicly traded mining companies. He graduated with Honors from the Mining Engineering Technology program at Haileybury School of Mines in Ontario and successfully completed the Stanford Executive program at the Stanford School of business.
Melissa Render is an exploration geologist with more than 18 years of experience focused on orogenic gold systems. She joined New Found Gold as a consultant in 2020, became vice-president, exploration in 2021, and was promoted to president in 2024. Ms. Render has led exploration programs worldwide across multiple gold belts and brings expertise in target generation, 3D modelling, data management and exploration program design. She holds a Bachelor of Science in Geological and Earth Sciences from Dalhousie University and is a registered professional geoscientist in Ontario and Newfoundland & Labrador.
Hashim Ahmed brings 25 years of finance, corporate strategy and capital markets experience to New Found Gold. He has held senior financial and executive positions across the mining industry, including most recently as executive vice-president and CFO at Mandalay Resources. His background spans royalty, mid-tier and senior gold companies. Mr. Ahmed obtained his CA/CPA designation with PricewaterhouseCoopers LLP.
Robert Assabgu is an experienced mining engineer with expertise in project management, engineering and operations. His career includes leadership roles at Inco/Vale and Hudbay Minerals, where he oversaw multiple mines, concentrators and technical services teams. He also played a key role at Reunion Gold on the Oko West project ahead of the G Mining Ventures acquisition. Mr. Assabgui holds a Bachelor of Engineering degree in Mining and Mineral Engineering from McGill University in Montreal.
Fiona Childe has more than 25 years of industry experience, beginning as an exploration geologist and later focusing on capital markets, corporate development and investor communications. Throughout her career, she has held senior management positions and consulted for mining companies, such as Mineros S.A. and Tau Capital Corp. with a primary focus on gold. Dr. Childe holds a Ph.D. in geology from the University of British Columbia and a professional geoscientist designation in Ontario.
Jared Saunders brings over two decades of experience in environmental science, regulatory compliance and stakeholder engagement. His background includes environmental leadership roles at Vale Newfoundland & Labrador and consulting project experience in environmental risk assessment and contaminated site management. Dr. Saunders holds a Ph.D. in Environmental Sciences degree from the Royal Military College in Kingston, Ontario. He sits on the Board of Directors for Mining Industry, NL as Director – Exploration.
Jelena Novikov Fried has more than 20 years of legal experience in corporate, commercial and securities law. Prior to joining New Found Gold, she served as legal director, corporate and securities at lithium-ion battery recycler Li-Cycle, and practiced corporate and securities law with Cassels Brock & Blackwell LLP and Bennett Jones LLP. Ms. Novikov Fried holds a Juris Doctor from the University of British Columbia.
Torrent Capital (TSXV:TORR) is a publicly traded investment company providing exposure to an actively managed growth portfolio of public and private investments.
Torrent Capital provides investors with access to a sector-agnostic, actively managed portfolio that blends long-term core holdings with income-generating strategies. Our diversified platform spans public equities, private ventures, and royalty investments. This approach is designed to deliver compounded NAV growth.
Torrent’s core public equity holdings include the following:
Kneat (TSX:KSI) – A leader in SaaS solutions for digitising validation and quality processes in regulated industries, including life sciences. Torrent invested early, recognising Kneat’s scalable platform and its potential to transform compliance-heavy sectors globally.
Lemonade (NYSE:LMND) – An insurance technology company that leverages artificial intelligence to automate operations such as claims processing and policy issuance, disrupting the $2 trillion global insurance market.
SentinelOne (NYSE:S) – A global leader in AI-powered cybersecurity. Torrent invested in SentinelOne for its ability to disrupt traditional security solutions and scale rapidly as enterprises adopt automated threat detection and response.
Fortune Bay (TSXV:FOR) – A Canadian gold exploration company with promising assets in Saskatchewan and Mexico. Torrent’s investment reflects our belief in gold’s enduring role as a hedge against market volatility, coupled with Fortune Bay’s potential to unlock significant resource value through exploration success.
Sona Nanotech (CSE:SONA) – Innovator in nanotechnology with applications across healthcare and diagnostics. Torrent’s investment thesis is based on the potential for Sona’s unique gold nanorods to deliver breakthroughs in medical technology, particularly in diagnostics and cancer treatment.
ReeXploration (TSXV:REE) – A rare earth exploration company focused on the Eureka Project in Namibia. Torrent invested in ReeXploration for its strategic exposure to critical minerals essential to clean energy and advanced technologies.
Torrent selectively invests in early-stage private ventures with high growth potential.
OARO Technologies – A cybersecurity and digital identity company delivering advanced blockchain-powered authentication, digital ticketing, and secure credential solutions. Torrent invested in OARO for its ability to meet the growing global demand for secure, scalable identity management, positioning the company at the intersection of cybersecurity and blockchain adoption.
Torrent maintains selective exposure to royalty investments designed to generate potential long-term, recurring cash flows.
Argentia Capital – Argentia Capital is focused on the construction of port infrastructure, the provision of services and equity ownership in businesses that support aquaculture, renewable energy, and oil and gas sectors, as well as other port developments.
Torrent’s leadership is aligned with shareholders and focused on long-term value creation.
Wade Dawe is an Atlantic Canadian entrepreneur and skilled investor. Fiercely independent throughout the entirety of his career, he achieved early success internationally in the resource sector and went on to play a pivotal role in a number of companies as a financier and company founder.
Carl Sheppard is the current president and chief operating officer of Torrent Capital and is also the president and managing partner of Strategic Concepts, a business consulting company. For the past 30 years, he has provided consulting services to many of Canada’s leading resource companies and organizations. He has participated in numerous economic studies, strategic plans, cost/benefit reports and business plans targeted at the identification of development opportunities.
Eric Thompson has over ten years of accounting and assurance experience in both public practice and industry. Prior to assuming the CFO position, he served as the controller of Torrent Capital, contributing to enhanced financial reporting and treasury oversight.
Evan Dawe is a Portfolio Manager at Torrent Capital, focused on identifying high-growth public equity opportunities across U.S. and Canadian markets. He brings a rigorous, fundamentals-driven approach with a strong emphasis on business quality, competitive positioning, and long-term value creation. Evan is a CFA charter holder and holds a Bachelor of Commerce degree from Queen’s University. Prior to Torrent Capital, he served as a Corporate Development Officer at Numus Capital, where he sourced venture capital deal flow and coordinated capital raises for early-stage companies.
Jim Megann is Managing Director of Numus Financial and serves as a Director of OARO Technologies. He has extensive experience in capital markets, corporate development, and strategic communications, and is the former Chair of NWest Energy.
Carl Hansen is CEO of Cascada Silver Corp. and a geologist with more than 30 years of experience in exploration, mining, and public markets. He has led multiple successful exploration companies and has significant experience in corporate finance and capital formation.
Wayne Myles is a legal advisor specializing in international mergers and acquisitions, corporate, and commercial law. He provides strategic legal guidance to Torrent’s management and board on governance and cross-border transaction structures.
SEATTLE — After five months and 284 games, the matchup for Super Bowl 60, aka Super Bowl LX, is set − the New England Patriots and Seattle Seahawks set to face off at Levi’s Stadium in Santa Clara, California, on Feb. 8.
As is typically the case, this Super Sunday stage will be packed with storylines, plots, subplots and grist for the football mill as these teams − neither of them playoff qualifiers a year ago − vie for the NFL’s grandest prize.
Here’s what the football world will be talking about during the buildup to kickoff over the next two weeks:
No NFL entity has won seven Lombardi Trophies … except for former Patriots quarterback Tom Brady, who won six with New England before capturing a seventh with the Tampa Bay Buccaneers. But the Pats, who will be appearing on Super Sunday for the 12th time – most ever by a franchise – now have a seventh championship in their crosshairs and could break their deadlock with the Pittsburgh Steelers for most Super Bowls won by a single organization.
New England more or less ruled the NFL roost for the first two decades of the 21st century, their unparalleled dynasty unfolding in multiple acts with Brady, head coach Bill Belichick and quite a cast of supporting actors – the Oscars go to Rob Gronkowski, Julian Edelman and Adam Vinatieri – along the way. But the Pats have never had a sterling silver season sans Brady or Belichick. The 1985 AFC champs were swallowed whole by the ’85 Bears in Super Bowl 20, and the ’96 squad, led by coach Bill Parcells and QB Drew Bledsoe, unable to overcome the Brett Favre Packers in Super Bowl 31. Six years on from Brady and in their second season post-Belichick, coach Mike Vrabel and quarterback Drake Maye – and a cadre of others who joined up during last offseason’s makeover, can draw a clear line of demarcation between these new edition Patriots and the dynastic ones New England’s, ahem, long-suffering fans of yesteryear used to root for.
The 2018 and 2024 drafts – at least we think so on the latter – have produced bumper crops of signature QBs in recent years. Seahawks QB Sam Darnold was the third overall pick in 2018 (by the New York Jets), yet hasn’t compiled the individual accolades of draftmates Josh Allen, Lamar Jackson or Baker Mayfield. Yet. But the late-blooming Darnold could become the first QB of his class to lift the Lombardi. The same could be true for the Patriots’ Drake Maye, one of six quarterbacks selected in Round 1 two years ago. A finalist for league MVP a year after the Washington Commanders’ Jayden Daniels had an extraordinary Rookie of the Year campaign – which fell one win shy of a Super Bowl appearance – Maye could similarly set the bar for the 2024 passers.
Super Bowl 60 will occur 11 years after, arguably, the most memorable Super Sunday ever – the Pats’ 28-24 defeat of the Seahawks in Super Bowl 49, ending their 10-year title mini-drought, thanks to Seattle QB Russell Wilson’s decisive and controversial goal-line interception in the final seconds. That play breathed fresh life into the Patriots’ dynasty and ended any chance that the “Legion of Boom” era Seahawks had of becoming one, that team slowly fraying in the years after – some of their players still incredulous that Wilson didn’t hand off to running back Marshawn Lynch for what could have been the short-yardage TD that would have potentially rewritten league history. This game will look different, the Patriots likely to wear blue in this game (they wore white in Super Bowl 49), but it will also be staged in an NFC West stadium (indoors at the Cardinals’ in 2015, outside at the 49ers’ this year), but there’s little doubt not-so-ancient history will be dredged up by the rematch.
New England’s first-year head coach, who won three Super Bowl rings as a linebacker with the franchise in the first half of the Brady-Belichick dynasty, could make a unique mark in league history. With one more victory, Vrabel would become the first person in NFL history to win a Super Bowl as both a player and coach for the same team. It would also be the Patriots’ 18th win of the season (regular season and postseason combined), which would match the club record of the 2007 team that went 16-0 in the regular season and finished 18-1 after losing Super Bowl 42, a game Vrabel also played in.
The year-long celebration of America’s semiquincentennial birthday – a fancy way of saying 250th – pales in comparison to Seattle completing its 50th NFL season, perhaps in grand style. The Seahawks can match the Buccaneers, their 1976 expansion brethren, with a second Super Bowl trophy 12 years after winning their first.
We’re not breaking news here, but the potential departure of the Los Angeles Rams head coach for a TV job – speculation about his future has run rampant before and doubtless will again, especially if QB Matthew Stafford retires or the coaching staff gets raided – could surface again given what a brilliant guy he is, plus the fact he has little left to prove under the headset after leading the Rams to the Super Bowl twice and winning it once in nine seasons. McVay, who turned 40 on Saturday, also has two young children, including a newborn who arrived in December. Whether he’s ready to take a break from the head coaching grind remains TBD … but also almost certain to spark renewed questions about his future. It’s also worth noting that the 2026 Rams, assuming Stafford continues to play, would seem to have a brighter outlook than the squads that almost immediately had to reboot and reload – DT Aaron Donald, CB Jalen Ramsey and WR Cooper Kupp were linchpins of the 2021 Rams – following the defeat of the Cincinnati Bengals in Super Bowl 56.
DENVER – As Will Campbell answered questions amid a victorious celebration in the visitor’s locker room, where the New England Patriots toasted their 10-7 victory over the Denver Broncos in the AFC championship game with cans of Miller Lite, Garrett Bradbury had to interject.
“He doesn’t even know what (expletive) means,” Bradbury shouted.
How could a rookie left tackle put this into perspective? Bradbury, a seven-year veteran who was part of a high-impact free-agent class signed last offseason, could hardly describe the ‘absolute dogfight” that led to the Patriots becoming kings of the AFC – for a league-leading 12th time.
“You can’t put into words what this means,” Bradbury said. “It doesn’t feel real. It’s like a simulation, like, ‘What’s going on?’
“The vibes in this locker room, the celebration with this team, it means everything.”
The Patriots have heard from every corner of the football ecosystem how undeserving the pennant is. The easy regular-season schedule, the turnover luck, the fact that the Denver Broncos had to start Jarrett Stidham at quarterback in place of the injured Bo Nix. The Pats will be underdogs in Super Bowl 60 regardless of opponent.
The 53 guys in the locker, the coaching staff, the front office – to put it mildly – do not care. How else do you go from 4-13 to 14-3, AFC East champions and now bound for the Super Bowl for the first time since the 2018 season?
“You have to believe things, sometimes,” head coach Mike Vrabel said, “before you can see them.”
Welcome to the Church of Vrabes, Pats Nation.
“You get everybody to believe in something and buy in, and that doesn’t come without adversity,” said Vrabel, who repeated his popular refrain that his coaching calling is rooted in supporting the players.
As a 14-year NFL linebacker, he’s been in their position. As someone who won three Super Bowls as part of the first era of the New England Patriots’ dynasty of the early 2000s, he’s been to the game’s mountaintop on multiple occasions and wants others to feel the sense of accomplishment that comes with that. He wants it for their families who make sacrifices. For the players themselves. For the fans.
“They’re fun to coach. They’re entertaining,” Vrabel said of his team. “They’ve been resilient. They’ve been very coachable. There’s a lot of connectivity in them. I appreciate what they do.”
Having a second-year quarterback who is an MVP candidate in Drake Maye also helps when it comes to establishing winning ways. Now Maye and Vrabel did something not even Tom Brady and Bill Belichick could manage during their dynastic domination – win a playoff game at Mile High.
‘I respect and appreciate what the Patriots dynasty did, and unfortunately, they didn’t come out with some wins here, but we changed that narrative and look forward to bringing our best football to Santa Clara,’ Maye said. ‘That’ll be pretty special.”
Patriots executive vice president of player personnel Eliot Wolf said that the offseason priority, working with Vrabel, was finding players who “would fit our culture, that happened to be available, that were good players,” Wolf told USA TODAY Sports. “We were able to hit on some of those guys.”
The key was that those signings, in most cases, outplayed the league-wide expectation of them.
“Which is, really, a testament to their work ethic,” Wolf said. “It’s been fun to watch. It’s really cool to work with Mike and understand what he’s looking for in players.
“It’s one of the coolest things about Mike – it’s all genuine. It’s all ‘This is what the expectation is.’ And if you’re not going to be up to it, you’re probably not going to be here too long. But it’s really cool to see guys come in here and trust the guy next to him and work for each other. It’s not a selfish group at all.”
For defensive lineman Milton Williams, one of those coveted free agents, the postseason was a chance to stand out in the locker room. As of the divisional round, he was the only player who was still going at that point a year prior (as a member of the eventual Super Bowl champion Philadelphia Eagles).
“Crazy. It’s crazy. I didn’t expect it this fast,” said Williams, who started believing this team could be special following a Week 5 win on the road against the Buffalo Bills on “Sunday Night Football.” “But we got a bunch of dogs that’s hungry. A lot of guys that have been counted out … nobody really believing in us all year, picking everybody else all year, all this noise. None of that matters when you go out on that field and do what you’re supposed to do.”
Right tackle Morgan Moses, who was emotional coming off the field, called his sons upon entering the locker room. They were crying. He started crying more. He thought about how the Patriots went 9-0 on the road. In Moses’ view, it was the road less-traveled.
“It took me 12 years to get here,” he said. “But I didn’t get here by myself.”
That’s what a football team is, Moses said. And when it all works out, this is the outcome.
“Just the brotherhood that we built,” Moses said. “All the guys that we bought in in free agency, hats off to our front office, the guys we drafted.”
One example of the brotherhood is the bond Moses formed with Campbell, whose locker is adjacent to Moses’ at the team facility.
“Will came to me and was like ‘Yo, I appreciate everything that you do. A lot of guys your age wouldn’t play through some of the things that you play through,’” Moses said.
To hear that from the rookie he took under his wing from day one meant a lot.
“I feel like I’ve learned more from him than he’s learned from me,” Moses said. “I feel like that’s the nature of the game.”
Campbell remembered telling Wolf and Vrabel during the pre-draft process that he wanted to be part of the organization “for reasons like this.” The years of losing at the end of Belichick’s tenure and the one season of 4-13 Jerod Mayo-led futility didn’t scare him.
“Any time you walk through a place of work that’s the only goal in mind,” Campbell said. “We don’t show up to lose.
“I’m just super-grateful to be here.”
Another rookie, running back TreVeyon Henderson, acknowledged the “rough seasons” before 2025.
“Just being able to have Coach Vrabes come in and help turn this organization to be where we are now, it’s amazing,” he said. “But it took a lot of hard work. Yeah, it took a lot, man. We’ve been through so much this year.”
The one constant in each player’s postgame message revolved around one person – Vrabel. After the Tennessee Titans made the mistake of firing him following the 2023 season, Vrabel went from being shown the door to opening new ones for a new group of players.
“He’s meant everything,” tight end Hunter Henry said. “Just his mentality, his balance of being a player but also coaching in this league. Demanding a lot but also understanding us in a way has been huge.”
Wide receiver Stefon Diggs, who had five receptions for 17 yards, said he realized leadership in the NFL flows from the top down. Holding everyone accountable becomes a self-policing standard in the locker room among the players themselves.
“The camaraderie and the team chemistry that he’s built from the head coaching position,” Diggs said, “I hope he wins Coach of the Year.”
Bradbury said the term player-friendly is thrown around a lot but it often takes form in different ways – few with as much impact as Vrabel’s had in roughly one year.
“He’s hard on us when he needs to be but he’s also fun a lot of time,” Bradbury said. “I think this whole locker room will ride with that guy.
“He’s absolutely unbelievable. To share the vision that he wanted in April, and to see it come to fruition – and you’re never arrived, you’re constantly trying to show who you are and put it on film.”
Bradbury called the 2025 season the most rewarding year of his football career.
A journey that includes a flight back to New England, eventually, as a massive snowstorm blanketed the northeast United States and delayed the Pats’ homecoming. As of Vrabel’s postgame meeting with the team, the buses for the airport were leaving the hotel at 8 a.m.
To that end, he instituted no curfew for his players Sunday night in Denver. If they missed the bus the next morning, however, they would not play in the Super Bowl. Nobody in their right mind would want to miss out on the ride, figuratively or literally, at this point.