Aurum Resources (AUE:AU) has announced Boundiali extends strike and depth at BDT3 and BST1
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Gold and silver were having a fairly quiet week until Thursday (February 12), when both precious metals experienced steep drops early in the day.
The gold price, which had been steady above US$5,000 per ounce, and even briefly breached US$5,100, tumbled by over US$100, bottoming out around US$4,900.
Meanwhile, silver sank from above US$80 per ounce to below US$75.
Market watchers have presented various reasons for these declines, with a mainstream talking point being that the precious metals were moving in line with the broader stock market.
Thursday brought declines in major US indexes as investors reportedly reacted to concerns that various industries could be negatively impacted by AI automation.
Of course, with gold and silver it’s always possible that there’s more going on beneath the surface. Many of our popular YouTube channel guests reacted to this week’s price drop on X, with some, including Willem Middelkoop and Craig Hemke, suggesting manipulation was at play.
I’ve also read that a Russian memo seen by Bloomberg may have had a dampening effect on gold — the report details proposals sent by the Kremlin that could see the country return to the US dollar settlement system as part of an economic partnership with the Trump administration.
Whatever the reason for the decrease was, gold and silver had bounced back by Friday (February 13), with silver getting back above US$77 and gold closing at the US$5,043 level.
The rebound came despite slightly cooler than expected US consumer price index data, which eased inflation concerns and boosted interest rate cut expectations from the US Federal Reserve.
Looking forward, I want to emphasize again that the broad consensus among the experts I’ve been speaking to continues to be that the run in gold and silver prices isn’t over.
However, that doesn’t mean the path will be straight up. I heard this week from Keith Weiner of Monetary Metals, who spoke about the importance of weathering volatility:
‘I mean, we’re in dollar bear market for reasons. And so people better be prepared for the volatility, because as things go off the rails, which is what’s happening to the dollar, yeah, there’s volatility. And there’s days when people can’t sell the dollar enough, and there’s days when they’re desperately, urgently trying to grab as many fistfuls of dollars as they can, and the dollar is extremely well bid — you’ll see that as the price of gold falling. So you’re going to get it both ways, but the trend is clear and the drivers are clear.’
Keith is calling for US$6,000 gold in 2026 and a silver price of US$120 by the end of the year. The US$6,000 number is in line with recent projections from BNP Paribas and CIBC, whose forecasts indicate that major banks also still see strength in gold.
Bullet briefing — Top takeover candidates
Merger talks between commodities giants Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO) and Glencore (LSE:GLEN,OTCPL:GLCNF) have fallen through, nixing what would have been the mining industry’s biggest-ever deal, but M&A activity in the space continues to heat up.
A new survey from TD Cowen identifies IAMGOLD (TSX:IMG,NYSE:IAG) as the year’s top takeover candidate, with close to 20 percent of the 58 respondents pointing to the company.
Artemis Gold (TSXV:ARTG,OTCQX:ARGTF) was in second place at 11 percent, while Arizona Sonoran Copper Company (TSX:ASCU,OTCQX:ASCUF) was third at 7 percent.
Almost all of the respondents, who included institutional investors and mining executives, said they expect to see more gold, silver and copper M&A in 2026 compared to last year.
We’ll have to wait and see how any potential deals play out, including Barrick Mining’s (TSX:ABX,NYSE:B) planned initial public offering for its North American gold assets.
Newmont (NYSE:NEM,ASX:NEM), Barrick’s partner at the Nevada Gold Mines joint venture, said it is concerned about the management of the operation, and wants to see improvements — a clash between the two miners could end up disrupting Barrick’s plans.
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
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The head of the Justice Department’s antitrust unit said Thursday she is leaving the role, effective immediately, at a critical moment for corporate mergers in America.
Gail Slater, the assistant attorney general in charge of the Antitrust Division, wrote on X: ‘It is with great sadness and abiding hope that I leave my role as AAG for Antitrust today.’
Slater continued, ‘It was indeed the honor of a lifetime to serve in this role. Huge thanks to all who supported me this past year, most especially the men and women of’ the Department.
The White House referred questions to the Justice Department.
Attorney General Pam Bondi said in a statement, “On behalf of the Department of Justice, we thank Gail Slater for her service to the Antitrust Division which works to protect consumers, promote affordability, and expand economic opportunity.”
Slater is leaving just as media giants Netflix and Paramount Skydance battle for control of Warner Bros. Discovery.
President Donald Trump had said he was going to get involved in reviewing whichever Warner Bros. deal proceeds, an uncommon occurrence in antitrust matters.
But in an interview with NBC News, Trump slightly changed his tune. ‘I’ve been called by both sides, it’s the two sides, but I’ve decided I shouldn’t be involved,’ he said.
‘The Justice Department will handle it.’
Trump has met with executives from both of Warner Bros.’ bidders.
The Justice Department will also head to court in weeks in a bid to challenge concert venue manager Live Nation’s ownership of Ticketmaster.
Shares of Live Nation jumped as much as 5.8% after Slater announced her departure. By 1 p.m. ET, the rally had abated to around 2.5%.
When the Senate confirmed Slater, 78 senators from both sides of the aisle voted in her favor. Only 19 opposed her confirmation.
This week, her deputy in the Antitrust Division also departed.
Mark Hamer, deputy assistant attorney general for the Antitrust Division, wrote on LinkedIn, ‘Decided the time is right for me to return to private practice.’ He praised Slater as a ‘leader of exceptional wisdom, strength and integrity.’
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We also break down next week’s catalysts to watch to help you prepare for the week ahead.
In this article:
This week’s tech sector performance
The Nasdaq Composite (INDEXNASDAQ:.IXIC) ended in the green on Monday (February 9) despite a weaker open.
A rally in tech companies drove US stocks higher ahead of an economic data release, while Asian indexes also rose, led upward by Japan’s tech‑heavy Nikkei 225 (INDEXNIKKEI:NI225).
It hit new record highs after Prime Minister Sanae Takaichi’s Liberal Democratic Party secured a landslide victory in the Lower House, clearing the path for tax cuts and higher defense spending.
Tax planning and wealth management stocks fell on Tuesday (February 10) after financial software provider Altruist unveiled an artificial intelligence (AI) tool for creating tax strategies, echoing last week’s selloff in legal software stocks following the debut of a lawyer-focused AI platform.
Broader tech‑driven weakness and softer‑than‑expected retail‑sales data dragged the Nasdaq down in Tuesday’s session. The index rose again on Wednesday (February 11) after January data showed labor market stability, potentially allowing the US Federal Reserve to keep interest rates steady as it monitors inflation.
Software stocks resumed their slide, with Alphabet (NASDAQ:GOOGL) at one point down more than 2 percent, Microsoft (NASDAQ:MSFT) falling over 2.5 percent and Amazon (NASDAQ:AMZN) slipping about 1 percent.
Personal computer makers also fell after Lenovo Group (HKEX:0992,OTCPL:LNVGF) warned of shipment pressure from a memory chip shortage. HP (NYSE:HPQ) and Dell Technologies (NYSE:DELL) each lost about 4.5 percent.
After a muted close, investors turned their AI disruption fears to yet another corner of the market on Thursday (February 12). This time, it was logistics and trucking stocks, which plummeted after AI logistics firm Algorhythm Holdings (NASDAQ:RIME) said it has scaled freight volumes by 300 to 400 percent without increasing headcount.
This event showed traders that AI is now affecting sectors previously thought to be resistant to automation and AI‑driven efficiency gains, leading to selloffs that also spilled into real estate and drug distribution.
All three major indexes closed lower, with the Nasdaq hit hardest.
A softer-than-expected US consumer price index report released on Friday (February 13) morning reinforced beliefs that the Fed is likely to cut interest rates this year, while global concerns about potential AI-driven disruptions kept investors cautious. European and Asian indexes lost ground, tracking Wall Street’s losses.
While the S&P 500 (INDEXSP:.INX) closed slightly ahead on the day, mega-cap tech stocks dragged on the Nasdaq, which closed the week 1.77 percent below Monday’s open.
3 tech stocks moving markets this week
1.Cloudflare (NYSE:NET)
Cybersecurity firm Cloudflare saw its share price surge after its sales guidance for the current quarter exceeded expectations. Shares closed 13.07 percent higher for the week.
2. Applied Materials (NASDAQ:AMAT)
Applied Materials, a provider of materials engineering solutions for the semiconductor sector, saw its share price rise sharply after reporting better-than-forecast quarterly financial results. Shares advanced 10.05 percent.
3. Taiwan Semiconductor Manufacturing Company (NYSE:TSM)
Taiwan Semiconductor Manufacturing Company rose after D.A. Davidson analyst Gil Luria gave it a ‘buy’ rating with a US$450 price target and called it a top AI foundry name. Shares advanced 5.02 percent.
Cloudflare, TSMC and Applied Materials performance, February 9 to 13, 2026.
Chart via Google Finance.
Top tech news of the week
- Alphabet completed two bond sales this week, raising a combined total of nearly US$52 billion. On Monday, the company sold US$20 billion in US dollars, followed by a nearly US$32 billion multi‑currency bond sale in British pounds and Swiss francs completed within 24 hours on Tuesday.
Tech ETF performance
Tech exchange-traded funds (ETFs) track baskets of major tech stocks, meaning their performance helps investors gauge the overall performance of the niches they cover.
This week, the iShares Semiconductor ETF (NASDAQ:SOXX) advanced by 2.56 percent, while the Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) advanced by 1.89 percent.
The VanEck Semiconductor ETF (NASDAQ:SMH) also increased by 2.19 percent.
Tech news to watch next week
Tech stocks face a quieter earnings backdrop next week, with no mega‑cap AI giants reporting; instead, the sector will be trading on macro cues and any guidance hints from mid‑tier semis and software names.
Key US data includes jobs‑related releases and consumer confidence surveys.
Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.
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Here’s a quick recap of the crypto landscape for Friday (February 13) as of 9:00 p.m. UTC.
Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrency market news.
Bitcoin (BTC) was priced at US$68,987.01, up 5.2 percent over the last 24 hours.
Bitcoin price performance, February 13, 2026.
Chart via TradingView.
A constructive scenario over the next three to six months depends on gradual improvement in global liquidity, moderation in yields and steady exchange-traded fund (ETF) inflows.
According to Tran, if financial conditions tighten or additional liquidity stress occurs, the market may need another washout to rebalance leverage. Ultimately, the return of confidence, reflected through durable and sustainable capital inflows, is what matters most for the transitional phase.
Ether (ETH) was priced at US$2,054.76, up by 7 percent over the last 24 hours.
Altcoin price update
- XRP (XRP) was priced at US$1.41, up by 4.7 percent over 24 hours.
- Solana (SOL) was trading at US$85.01, up by 10.2 percent over 24 hours.
Today’s crypto news to know
Coinbase posts US$667 million Q4 loss
Coinbase Global (NASDAQ:COIN) reported a fourth quarter net loss of US$667 million as falling crypto prices weighed on its revenue and the value of its investment portfolio. The company’s revenue came in at US$1.78 billion, below analysts’ expectations, making a 22 percent decline from a year earlier.
The firm attributed much of the loss to a US$718 million drop in portfolio value, largely unrealized, alongside weaker transaction activity. Shares slid ahead of the release and have fallen more than 55 percent over the past six months as cryptocurrencies retreated. Despite the surprise slide, CEO Brian Armstrong sought to reassure investors, saying the firm remains “deliberately well capitalized” with US$11.3 billion in cash and equivalents.
He added that retail customers are largely holding rather than selling, even as volatility persists.
Bitcoin ETFs lose US$410 million
Spot Bitcoin ETFs saw US$410 million in outflows on Thursday (February 12), extending a rocky stretch that has drained nearly US$1.5 billion over two weeks.
The iShares Bitcoin Trust ETF (NASDAQ:IBIT) led the pullback, followed by Fidelity and Grayscale products, as institutional investors recalibrated positions amid macro uncertainty.
Treasury chief pushes CLARITY Act as crypto selloff deepens
US Secretary of the Treasury Scott Bessent urged Congress to pass the Digital Asset Market CLARITY Act this spring, arguing that it will provide stability to markets rattled by volatility.
Speaking on CNBC and later before the Senate Banking Committee, Bessent said the bill will give “great comfort to the market,” and warned that parts of the crypto industry are resisting what he called “very good regulation.”
“There seems to be a nihilist group in the industry who prefers no regulation over this very good regulation,” he told lawmakers, drawing support from Senator Mark Warner.
The legislation has stalled amid disputes over stablecoin yield, DeFi oversight and token classifications, with critics — including Coinbase CEO Brian Armstrong — raising objections. Bessent cautioned that a bipartisan coalition backing the bill could fracture if Democrats retake the House in November. Warner, meanwhile, stressed unresolved concerns around illicit finance and national security risks tied to DeFi.
HIVE’s BUZZ HPC platform secures US$30 million in AI cloud contracts
BUZZ High Performance Computing (HPC), a Hive Digital Technologies (TSXV:HIVE,NASDAQ:HIVE) platform, announced that it has signed customer agreements valued at approximately US$30 million over two year fixed terms for artificial intelligence (AI) cloud contracts. The new contracts will support the initial phase of BUZZ’s AI-optimized GPU deployment at its Canada West location in Manitoba, with compute capacity expected to be online during the quarter ending on March 31, 2026. This phase consists of 504 liquid-cooled Dell Technologies (NYSE:DELL) server-based GPUs.
This initial phase is expected to generate about US$15 million in annual recurring revenue (ARR) to BUZZ’s cloud business once fully operational, increasing HIVE’s total annualized HPC segment revenue to roughly US$35 million.
HIVE said it aims to scale its HPC GPU AI cloud business toward approximately US$140 million in ARR over the next year. The company is using vendor financing and strategic partnerships to scale efficiently and pursue a “dual-engine strategy” of hashrate services and GPU-accelerated AI computing across its facilities in Canada, Sweden and Paraguay.
Taurus and Blockdaemon partner to expand institutional staking
Taurus, a Swiss fintech firm that provides digital asset infrastructure for banks and financial institutions, announced an agreement with blockchain infrastructure company Blockdaemon that will allow banks to offer staking yields to their clients without having to move those assets out of tightly controlled, regulated custody.
Taurus will integrate Blockdaemon’s staking infrastructure into its custody product, Taurus‑PROTECT, which is designed to keep digital assets safe inside banks’ own systems under financial regulator rules.
Taurus also has an agreement to provide digital asset custody, tokenization and node management technology that State Street uses to power its full‑service digital asset platform for institutional investors. Additionally, BNY Mellon (NYSE:BK) is broadening its digita asset platforms by partnering with infrastructure providers, including Blockdaemon.
Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
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Albemarle (NYSE:ALB) is raising its long-term lithium demand outlook after a breakout year for stationary energy storage, underscoring a shift in the battery materials market that is no longer driven solely by electric vehicles.
The US-based lithium major reported fourth quarter 2025 net sales of US$1.4 billion, up 16 percent year-over-year, with adjusted EBITDA rising 7 percent to US$269 million.
For the full year, Albemarle delivered US$5.1 billion in revenue and US$1.1 billion in adjusted EBITDA, results that CEO Kent Masters said were supported by “strong growth in energy storage and significant cost and productivity improvements.”
But the most consequential update came in the company’s demand outlook.
“We are seeing a diversification of lithium end markets, with stationary storage becoming an increasingly significant demand driver,” Masters told investors during a February 12 conference call, adding that Albemarle has increased its 2030 global lithium demand forecast by 10 percent to a range of 2.8 million to 3.6 million metric tons.
Storage steps into the spotlight
Global lithium demand reached 1.6 million metric tons in 2025, up more than 30 percent year-over-year and in line with Albemarle’s prior projections. Demand growth outpaced supply, tightening inventories and lifting prices into year-end.
For 2026, Albemarle now expects global lithium demand to rise to between 1.8 million and 2.2 million metric tons — growth of 15 to 40 percent — driven by both EV adoption and accelerating deployments of stationary energy storage systems (ESS).
While global EV sales climbed 21 percent in 2025, energy storage was the standout. ESS demand surged more than 80 percent year-over-year, with strong growth across China, North America and Europe.
China, which accounted for roughly 40 percent of ESS shipments, saw demand rise 60 percent. North American shipments jumped 90 percent, reflecting grid stability needs and rising electricity consumption linked to data centers and artificial intelligence. European shipments more than doubled as countries expanded renewables and sought greater energy security.
Demand outside the three major regions grew 120 percent and represented more than 20 percent of global ESS shipments, with Southeast Asia, the Middle East and Australia emerging as key growth markets.
The shift is already visible in Albemarle’s financials. In 2025, energy storage volumes reached 235,000 metric tons of lithium carbonate equivalent, up 14 percent year-over-year and above the high end of the company’s guidance range.
Fourth quarter energy storage net sales rose 23 percent from a year earlier, while segment EBITDA climbed 25 percent, supported by higher lithium pricing and cost improvements.
CFO Neal Sheorey said Albemarle’s updated 2026 scenarios reflect both pricing and operational gains.
Cost discipline, portfolio reset
After weathering a sharp downturn in lithium prices over the past two years, Albemarle has focused on strengthening its balance sheet and lowering its cost base.
In 2025, the company delivered approximately US$450 million in run-rate cost and productivity improvements and is targeting an additional US$100 million to US$150 million in 2026.
Albemarle also announced it will idle operations at its Kemerton lithium hydroxide plant in Western Australia, citing a structural cost gap between Western and Chinese conversion assets.
“There is a gap there between China and the West,” Masters said, pointing to higher labor, power and waste management costs in Australia. Idling the plant is expected to improve adjusted EBITDA beginning in the second quarter, with no impact on sales volumes.
At the same time, Albemarle is streamlining non-core assets.
The company closed the sale of its stake in the Eurocat joint venture in January and expects to complete the sale of a majority stake in its refining catalysts business in the first quarter. Together, the transactions are expected to generate approximately US$660 million in pre-tax proceeds.
“We are committed to maintaining our investment-grade credit profile,” Masters said, adding that deleveraging and disciplined capital allocation remain priorities.
Growth with limited new capital
Despite pulling back on large-scale capital spending, Albemarle expects to deliver a five-year compound annual growth rate of roughly 15 percent in energy storage sales volumes, building on a 25 percent CAGR over the past four years.
Incremental expansions at the Greenbushes mine in Australia, yield improvements at the Salar de Atacama in Chile and higher utilization at the Wodgina joint venture are expected to support growth with minimal additional capital.
Looking ahead, Masters said the company is better positioned to navigate lithium’s still-maturing cycle.
“We’ve been through two cycles since the advent of EVs,” he said, describing the market as early in its development from a commodity perspective.
With stationary storage now emerging as a second structural demand pillar alongside EVs, Albemarle’s revised outlook suggests the lithium market’s next phase will be shaped as much by grid resilience and energy security as by transportation electrification — broadening the base of demand for years to come.
Lithium prices rebound sharply in early 2026
Lithium prices have surged since the start of 2026, underscoring the market’s renewed volatility.
According to Fastmarkets, spot battery-grade lithium carbonate on the seaborne market climbed from about US$11 per kilogram in early December to more than US$16 per kilogram by early January, a jump of nearly 50 percent in a matter of weeks.
The rally has been driven by tightening supply, including delays to the reopening of CATL’s (SZSE:300750,HKEX:3750) Jianxiawo lepidolite mine and maintenance at other production facilities, alongside aggressive restocking tied to long-term contract negotiations.
Speculative buying has amplified the move, with bullish sentiment and geopolitical risk adding to momentum. At the same time, thin spot liquidity reflects a cautious market, as buyers and sellers hesitate to commit amid rapid price swings.
Spodumene prices have followed suit, rising above US$2,000 per metric ton in January, levels not seen since October 2023. The rebound has improved margins for Australian producers, many of whom curtailed output when prices fell below US$900 per metric ton. Sustained pricing at current levels could prompt a wave of mine restarts, potentially easing supply tightness later this year.
Still, Fastmarkets cautioned that prices may be running ahead of fundamentals.
“Lithium prices appear to have moved ahead of the fundamentals, propelled by speculative buying, bullish sentiment and a backdrop of heightened geopolitical risk,” wrote Paul Lusty. “The key takeaway is to brace for more volatility.”
Securities Disclosure: I, Georgia Williams, hold no direct investment interest in any company mentioned in this article.
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TSX-V: WLR
Frankfurt: 6YL
Walker Lane Resources Ltd. (TSXV: WLR,OTC:CMCXF) (Frankfurt: 6YL) (the ‘Company’) announces that the Company continues to work diligently toward the completion and filing of the Company’s annual audited financial statements and management’s discussion and analysis for the fiscal year ended September 30, 2025 (the ‘Required Filings’). The Company is actively working on various strategies that they expect will resolve the preparation of the Required Filings as quickly as possible.
The Required Filings are due to be filed by March 30, 2025. In connection with the anticipated delays in making the Required Filings, the Company made an application for a Management Cease Trade Order (‘MCTO‘) under NP 12-203 to the BC Securities Commission, as principal regulator for the Company, and the MCTO was issued on January 29, 2026. The MCTO restricts all trading by the Company’s CEO and CFO in securities of the Company, whether direct or indirect. The MCTO does not affect the ability of persons who are not directors, officers or insiders of the Company to trade their securities. The MCTO will remain in effect until the Required Filings are filed or until it is revoked or varied.
The Company expects to proceed with the filing of its interim first-quarter financial statements shortly after the Required Filings have been completed and submitted.
The Company confirms that it intends to satisfy the provisions of the alternative information guidelines described in NP 12-203 by issuing bi-weekly default status reports in the form of a news release until it meets the Required Filings requirement. The Company has not taken any steps towards any insolvency proceeding and the Company has no material information relating to its affairs that has not been generally disclosed.
About Walker Lane Resources Ltd.
Walker Lane Resources Ltd. is a growth-stage exploration company focused on the exploration of high-grade gold, silver and polymetallic deposits in the Walker Lane Gold Trend District in Nevada and the Rancheria Silver District in Yukon/B.C. and other property assets in Yukon. The Company intends to initiate an aggressive exploration program to advance its projects through drilling programs with the aim of achieving resource definition in the near future.
For more information, please consult the Company’s filings, available at www.sedarplus.ca.
ON BEHALF OF THE BOARD OF DIRECTORS
Kevin Brewer
President, CEO and Director
Walker Lane Resources Ltd.
Forward Looking Statements
This news release contains certain statements that constitute ‘forward looking information under Canadian securities laws (‘forward-looking statements’). The use of words such as ‘anticipates’, ‘expected’, ‘projected’, ‘pursuing’, ‘plans’ and similar expressions identify forward-looking statements. Forward-looking statements in this news release include statements regarding the application for the MCTO and the completion of the Required Filings and the timing thereof. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release. The forward-looking statements included in this news release are expressly qualified by this cautionary statement. The forward-looking statements and information contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable laws. The reader is cautioned not to place undue reliance on forward-looking statements.
SOURCE Walker Lane Resources Ltd
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/February2026/13/c0056.html
News Provided by Canada Newswire via QuoteMedia
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CHICAGO — Cardi B was part of Bad Bunny’s Super Bowl halftime show. What she did exactly, well, that turned into a perplexing question for two major prediction markets.
At least one Kalshi trader filed a complaint with the Commodity Futures Trading Commission over how the prediction market handled Sunday’s appearance by the Grammy-winning rapper. The result of a similar event contract on Polymarket also drew the ire of some users on that platform.
Prediction markets provide an opportunity to trade — or wager — on the result of future events. The markets are comprised of typically yes-or-no questions called event contracts, with the prices connected to what traders are willing to pay, which theoretically indicates the perceived probability of an event occurring.
The buy-in for each contract ranges from $0 to $1 each, reflecting a 0% to 100% chance of what traders think could happen.
More than $47.3 million was wagered on Kalshi’s market for “ Who will perform at the Big Game? ” A Polymarket contract had more than $10 million in volume.
Cardi B joined singers Karol G and Young Miko and actors Jessica Alba and Pedro Pascal on a starry front porch during the halftime spectacle. She danced to the music, but it was unclear whether she was singing along during the show, which included performances by Ricky Martin and Lady Gaga.
Due to “ambiguity over whether or not Cardi B’s attendance at the 2026 Super Bowl halftime show constituted a qualifying ‘performance,’” Kalshi cited one of its rules in settling the market at the last price before trading was paused: $0.74 for No holders and $0.26 for Yes holders. The platform returned all the money to its users.
Polymarket’s contract was resolved as Cardi B had performed, but the yes was disputed. A final decision on the contract is expected to be announced on Wednesday.
In the CFTC complaint — first reported by the Event Horizon newsletter and posted by Front Office Sports — the trader alleges that Kalshi violated the Commodity Exchange Act with how it resolved the Cardi B contract. The trader — a Yes holder — is seeking $3,700.
A CFTC spokesman declined comment on Wednesday.
The Super Bowl capped a big NFL season for prediction markets.
Kalshi reported a daily record high of more than $1 billion in total trading volume on the day of the game, an increase of more than 2,700% compared to last year’s Super Bowl. The season-long total for all Super Bowl winner futures was $828.6 million, up more than 2,000% from last year.
The increased activity on Sunday caused some deposit issues. Kalshi co-founder Luana Lopes Lara posted on X on Monday that the “traffic spike was way bigger than our most optimistic forecasts.” She said the platform had reimbursed processing fees on the effected deposits and added credits to users who experienced delays.
Robinhood Markets highlighted the strength of its prediction markets when it announced its financial results for the fourth quarter and full 2025 on Tuesday.
“I think we are just at the beginning of a prediction market super cycle that could drive trillions in annual volume over time,” CEO Vlad Tenev said during an earnings call. “This year is going to be a big year. Olympics are going on right now. World Cup coming in the summer.”
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Sirios Resources (TSXV:SOI,OTCQB:SIREF) is a Québec-based gold exploration and development company focused on high-potential projects in the Eeyou Istchee James Bay region. Its flagship Cheechoo gold project ranks among the largest in the province by resource size and benefits from favourable geology, near-surface mineralization, and existing infrastructure, including road access, power lines, and proximity to the Éléonore mine. Sirios is advancing Cheechoo through systematic drilling, resource expansion, and technical studies, aiming to progress the project toward a Preliminary Economic Assessment (PEA).
In December 2025, Sirios completed a transformational combination with OVI Mining, creating a district-scale gold platform anchored by Cheechoo and complemented by the Corvet Est and PLEX projects. The transaction integrates Sirios into the Osisko development ecosystem, strengthening the leadership team with proven mine-building and capital markets expertise while maintaining the company’s deep geological knowledge of the James Bay region.
With over 30 years of continuous exploration in James Bay and strong partnerships with local and Indigenous communities, Sirios is well-positioned to create value through disciplined project advancement and exploration-driven growth. The company’s combination of experience, strategic assets, and community engagement underpins its long-term growth strategy.
Company Highlights
- Flagship Cheechoo gold project hosts approximately 3 million ounces of gold, including 1.3 million ounces indicated and 1.7 million ounces inferred, including additional underground resources
- Located in Eeyou Istchee James Bay, Québec, a Tier-1 mining jurisdiction with strong government and community support
- Low strip ratio (2.9:1) and high gold recoveries (92 percent) support attractive open-pit development potential at Cheechoo
- Strategic combination with OVI Mining brings Osisko-backed leadership, capital markets strength and additional district-scale exploration assets
- Well-funded with recent treasury additions, supporting advancement of Cheechoo toward a preliminary economic assessment (PEA) and ongoing exploration across the portfolio
This Sirios Resources profile is part of a paid investor education campaign.*
Click here to connect with Sirios Resources (TSXV:SOI) to receive an Investor Presentation
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(TheNewswire)
Vancouver, British Columbia, February 12th, 2026 TheNewswire — Prismo Metals Inc. (‘Prismo’ or the ‘Company’) (CSE: PRIZ,OTC:PMOMF | OTCQB: PMOMF) is pleased to announce that it has received formal permit approval from the U.S. Forest Service to proceed with its fully funded drill program at the Company’s historic Silver King Mine project located in Arizona’s prolific Copper Belt.
The approved permit authorizes drilling from multiple drill pads in the area of the historic mine designed to test the upper part of the Silver King mineralized body that was mined on nine levels over about 300 meters depth (Fig. 1).
Additional high-priority targets identified through recent exploration work can also be tested with some of the planned drill locations. Testing of other targets on private ground is being considered. Mobilization on site is scheduled for February 20th followed by preparatory site work and access improvements followed by drilling.
Dr. Craig Gibson, Chief Exploration Officer of Prismo Metals, commented: ‘Receiving approval for drilling at Silver King is a key milestone as we transition from surface exploration into active testing of the system. With funding in place for multiple phases of drilling, we are well positioned to evaluate the significant exploration potential of this historic, high-grade silver system.’
Alain Lambert, CEO of Prismo commented: ‘Following a very smooth permitting process with Forest Service, we are now ready to conduct the first ever comprehensive drill program at Silver King. Our exploration work to date has attracted the attention of many given the results we have published and our proximity (3.4 km) to Resolution Copper, a Rio Tinto/BHP joint venture. I expect the drilling program to heighten attention.’
Phase 1 Drill Program Highlights:
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Fully funded program
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1,000 meters of diamond drilling to test the upper portion of the steeply plunging, pipe-like Silver King mineralized body
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Mobilization to Silver King Project scheduled for February 20th, 2026
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Additional drilling to test lower down in the mineralized structure and mineralized areas adjacent to the historic mine may also be completed
Click Image To View Full Size
Fig. 1. Permitted drill sites planned for initial Phase I drilling at the Silver King mine shown by white dots. The orange line indicates the approximate location of the cross section in Fig. 2. View looking south-easterly.
Drilling will initially focus on testing the upper portion of the steeply west-dipping pipelike stockwork and breccia zone that historically produced high-grade silver and base metals (Fig. 2), as well as targets adjacent to and beneath historic workings. Initial drilling is estimated at 1000 meters in nine holes. A second phase of drilling will be dedicated to testing at deeper levels and areas adjacent to the historic mine.
Dr. Gibson, added: ‘We are pleased to engage Godbe Drilling, a highly respected contractor with substantial experience in Arizona and a staging area near the project. The objective is to test the upper half of the steeply dipping pipelike Silver King mineralized body, as well as potential mineralization adjacent to the dense stockwork zones that were the focus of historic mining.’
Drilling Contractor Engagement
Prismo has engaged Godbe Drilling LLC to conduct this Phase 1 drilling program. Godbe Drilling LLC is a Colorado-based family-owned diamond core drilling and mineral exploration business with extensive operating experience in the southwestern United States, including Arizona.
Fig. 2. Cross section through Silver King mine showing workings and first four planned drill holes.
Silver King Project Overview
The Silver King mine was discovered in 1875 and is one of Arizona’s most significant historic silver producers, with nearly six million ounces of silver produced at average grades ranging from approximately 61 to 21 ounces per ton during early production. Limited small-scale mining in the late 1990s yielded samples with exceptionally high silver and associated gold values, suggesting that high-grade mineralization remains within the system. The project is located within the same geological framework as other world-class deposits in the Arizona Copper Belt, and its proximity to active mining operations enhances its strategic significance.
Qualified Person
Dr. Craig Gibson, PhD., CPG., a Qualified Person as defined by NI-43-01 regulations and Chief Exploration Officer and a director of the Company, has reviewed and approved the technical disclosures in this news release.
About Prismo Metals Inc.
Prismo (CSE: PRIZ,OTC:PMOMF) is a mining exploration company focused on advancing its Silver King, Ripsey and Hot Breccia projects in Arizona and its Palos Verdes silver project in Mexico.
Please follow @PrismoMetals on Twitter, Facebook, LinkedIn, Instagram, and YouTube
Prismo Metals Inc.
1100 – 1111 Melville St., Vancouver, British Columbia V6E 3V6 Phone: (416) 361-0737
Contact:
Alain Lambert, Chief Executive Officer alain.lambert@prismometals.com
Gordon Aldcorn, President gordon.aldcorn@prismometals.com
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Information
This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as ‘intends’ or ‘anticipates‘, or variations of such words and phrases or statements that certain actions, events or results ‘may’, ‘could’, ‘should’, ‘would’ or ‘occur’. This information and these statements, referred to herein as ‘forward-looking statements’, are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management’s expectations and intentions with respect to, among other things: the timing, costs and results of drilling at Silver King; and the intended use of any proceeds raised under recent financings.
These forward-looking statements involve numerous risks and uncertainties, and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things: the potential inability of the Company to utilize the anticipated proceeds of the Private Placement as anticipated; and those risks set out in the Company’s public disclosure record on SEDAR+ (www.sedarplus.com) under the Company‘s issuer profile.
In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, that the Company will use the proceeds of the Second Tranche as currently anticipated and on the timeline currently expected.
Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward- looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward- looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial outlook that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.
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