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What Was the Highest Price for Gold?

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Gold has long been considered a store of wealth, and the price of gold often makes its biggest gains during turbulent times as investors look for cover in this safe-haven asset.

The 21st century has so far been heavily marked by episodes of economic and sociopolitical upheaval. Uncertainty has pushed the precious metal to record highs as market participants seek its perceived security.

And each time the gold price rises, there are calls for even higher record-breaking levels.

Gold market gurus from Lynette Zang to Chris Blasi to Jordan Roy-Byrne have shared eye-popping predictions on the gold price that would intrigue any investor — gold bug or not.

Some have posited that the gold price may rise as high as US$5,000 per ounce, and there are those who believe that US$10,000 gold or even US$40,000 gold could become a reality.

These impressive price predictions have investors wondering, what is gold’s all-time high (ATH)?

Gold has reached new all-time highs dozens of times in recent years. Find out what has driven it to these levels, plus how the gold price has moved historically and what has impacted its performance.

In this article

    How is gold traded?

    Before discovering what the highest gold price ever was, it’s worth looking at how the precious metal is traded. Knowing the mechanics behind gold’s historical moves can help illuminate why and how its price changes.

    Gold bullion is traded in dollars and cents per ounce, with activity taking place worldwide at all hours, resulting in a live price. Investors trade gold in major commodities markets such as New York, London, Tokyo and Hong Kong.

    London is seen as the center of physical precious metals trading, including for silver. The COMEX division of the New York Mercantile Exchange is home to most paper trading.

    There are many popular ways to invest in gold. The first is through purchasing gold bullion products such as bullion bars, bullion coins and rounds. Physical gold is sold on the spot market, meaning that buyers pay a specific price per ounce for the metal and then have it delivered or stored in a secure facility. In some parts of the world, such as India, buying gold in the form of jewelry is the largest and most traditional route to investing in gold.

    Another path to gold investment is paper trading, which is done through the gold futures market. Participants enter into gold futures contracts for the delivery of gold in the future at an agreed-upon price.

    In such contracts, two positions can be taken: a long position under which delivery of the metal is accepted or a short position to provide delivery of the metal. Paper trading as a means to invest in gold can provide investors with the flexibility to liquidate assets that aren’t available to those who possess physical gold bullion.

    One significant long-term advantage of trading in the paper market is that investors can benefit from gold’s safe-haven status without needing to store it. Furthermore, gold futures trading can offer more financial leverage in that it requires less capital than trading in the physical market. Investors can also purchase physical gold via the futures market, but the process is complicated and lengthy and comes with a large investment and additional costs.

    Aside from those options, market participants can invest in gold through exchange-traded funds (ETFs). Investing in a gold ETF is similar to trading a gold stock on an exchange, and there are numerous gold ETF options to choose from depending on your preference. For instance, some ETFs focus solely on physical gold bullion, while others focus on gold futures contracts. Other gold ETFs center on gold-mining stocks or follow the gold spot price.

    It is important to understand that you will not own any physical gold when investing in an ETF — in general, even a gold ETF that tracks physical gold cannot be redeemed for tangible metal.

    Gold has an interesting relationship with the stock market. The two often move in sync during “risk-on periods” when investors are bullish. On the flip side, they tend to become inversely correlated in times of volatility.

    According to the World Gold Council, gold’s ability to decouple from the stock market during periods of stress makes it “unique amongst most hedges in the marketplace.” It is often during these times that gold outperforms the stock market. For that reason, it is often used as a portfolio diversifier to hedge against uncertainty.

    There are a variety of options for investing in gold stocks, including gold-mining stocks on the TSX and ASX, gold juniors, precious metals royalty companies and gold stocks that pay dividends.

    What was the highest gold price ever?

    The gold price peaked at US$4,924.29, its all-time high, on January 22, 2026.

    What drove it to this new ATH? Gold reached its new highest price on January 22 alongside dips in the US dollar, geopolitical tensions and the start of testimony from Jack Smith, who took over the investigation of Donald Trump’s attempt to overturn the 2020 election, including the events of January 6, 2021.

    Smith told the US House Judiciary Committee Thursday that his investigation came to a conclusion, without reasonable doubt, that Trump ‘engaged in criminal activity.’ However, Trump then winning the 2024 election meant he could not be prosecuted due to being a sitting president.

    It also comes at a time when many of the world’s political leaders and businesspeople are meeting in Davos, Switzerland, for the World Economic Forum, with the US’s moves under the Trump administration a major talking point at the conference.

    Tensions are currently high between Europe and the US because of Trump’s goal of taking control of Greenland from Denmark, one of the US’s allies in NATO. Trump announced additional 10 percent tariffs on eight of the European countries opposing the move, but backed down on them on January 21.

    The new gold peak is part of a bull run in precious metals that has also been driven in part by US economic uncertainty, a falling US dollar and strong investor interest in the safe haven metals.

    Other factors supporting gold include central bank gold buying, increased gold ETF inflows and news surrounding the US Federal Reserve’s interest rate decisions.

    Notably, on September 7, gold’s record-breaking run officially took it past its inflation adjusted all-time high of US$850 per ounce set in January 1980.

    One year gold price chart

    One year gold price chart, January 21, 2025, to January 21, 2026.

    Why did the gold price climb in 2025?

    Increased economic and geopolitical turmoil caused by the Trump administration has been a tailwind for gold, as well as a weakening US dollar, sticky inflation in the country and increased safe-haven gold demand.

    Since coming into office in late January, US President Donald Trump threatened or enacted tariffs on many countries, including blanket tariffs on longtime US allies Canada and Mexico and tariffs on the EU. Trump also implemented 25 percent tariffs on all steel and aluminum imports.

    Gold first broke through the US$3,000 per ounce level in mid-March, and continued gaining into Q2. The gold price set a string of new highs in the month of April amid high market volatility as markets reacted to tariff decisions from Trump, including the ‘Liberation Day’ tariffs announced April 2, and the escalating trade war between the US and China.

    By April 11, Trump had raised US tariffs on Chinese imports to 145 percent and China had raised its tariffs on US products to 125 percent. Trump has reiterated that the US may need to go through a period of economic pain to enter a new ‘golden age’ of economic prosperity.

    Falling markets during this time and a declining US dollar also supported gold, as did increased buying from China. Elon Musk’s call to audit the gold holdings in Fort Knox brought further attention to the yellow metal.

    Gold spent the remainder of Q2 and early Q3 range-bound below US$3,500, before a variety of factors supported gold to more than 10 new highs in September. We break them down in detail in our Q3 2025 gold update, but some highlights are below.

    News and speculation around the September US Federal Reserve meeting supported the gold price in September, with rate cut expectations heavily fueled by the release of US consumer price index data, as well as weaker than expected US jobs numbers. The Fed ultimately announced the widely anticipated interest rate reduction of 25 basis points on September 17.

    Highs in mid-September were also supported by the US dollar index falling to a year-to-date low 96.56 on September 16, continuing a downtrend that started in mid-January. Traditionally, gold trades higher when the US dollar is weak, making it a popular hedge.

    On September 23, Bloomberg reported that the People’s Bank of China is looking to become a custodian of foreign gold reserves at its central bank in Beijing, meaning other nations could buy gold and store it in China. Nations such as the UK and US also serve as custodians for foreign nations’ gold reserves.

    Gold price highs in October were driven by inflows into gold ETFs, central bank purchasing and continued economic turmoil.

    Internationally, political turmoil also drove the gold price. In early October, the latest French prime minister resigned after less than a month in office, and Japan’s ruling Liberal Democratic Party chose hardline conservative Sanae Takaichi as party leader. She plans to cut taxes and increase subsidies, as well as honor an investment deal with US President Donald Trump to lower tariffs.

    Additionally, the People’s Bank of China reported it purchased 1.24 metric tons of gold in September, adding gold to its reserves for the 11th month in a row. Central bank gold purchases have been a major driver of the gold price in recent years, and China’s central bank has been the largest purchaser in that time frame.

    In early October, the gold price began climbing significantly as the trade war between the US and China worsened. China expanded its rare earth element export restrictions on October 9 in response to US government calls for broader bans on equipment sales to Chinese chip-makers.

    After markets closed the following day, US President Donald Trump responded to the rare earth changes by threatening 100 percent tariffs on goods from China as well as export controls on ‘any and all critical software.’

    The gold price spiked to a then-high of US$4,379.13 on October 17, but pulled back to about US$4,000 later in the month, and spent the following weeks testing that level.

    However, news that the US government shutdown ended on November 9 led gold to spike to above US$4,100 the following day.

    Beginning in late November, after gold spiked it began largely maintaining its new levels through the week. By the middle of the month it had again breached US$4,300, this time following the US Federal Reserve’s decision to cut rates at the final meeting of 2025.

    Gold again spiked to start the week on December 22, which brought it above US$4,400, and it continued upwards to a 2025 peak of US$4,549.74 on December 26.

    Gold’s price movements in 2026

    Gold is continuing its upward trajectory into 2026 as tensions ramp up globally and within the US.

    To start the year, on January 3 the US launched a strike on Venezuela and captured the country’s leader Nicolás Maduro and his wife Cilia Flores. The pair are on trial in New York for drug-related charges, including ‘narco-terrorism.’ Trump has since announced that the US will develop the country’s oil industry.

    On January 9, the US Department of Justice opened a criminal investigation into Jerome Powell, chair of the US Federal Reserve. The official reason given for the investigation is related to the cost of a renovation project for historic Federal Reserve buildings.

    In a video response on Sunday, January 11, Powell stated, ‘The threat of criminal charges is a consequence of the Federal Reserve setting interest rates based on our best assessment of what will serve the public, rather than following the preferences of the President.’

    The gold price first broke through US$6,600 the next day.

    Additionally, in Iran, the government is responding to widespread protests against the regime with deadly violence, killing thousands of protestors. The US weighed military intervention to help the people of Iran but has not intervened as of January 19.

    Gold price history: Gold’s performance since 2019

    Despite these recent runs, gold has seen its share of both peaks and troughs over the last decade. After remaining rangebound between US$1,100 and US$1,300 from 2014 to early 2019, gold pushed above US$1,500 in the second half of 2019 on a softer US dollar, rising geopolitical issues and a slowdown in economic growth.

    Gold’s first breach of the significant US$2,000 price level in mid-2020 was due in large part to economic uncertainty caused by the COVID-19 pandemic. To break through that barrier and reach what was then a record high, the yellow metal added more than US$500, or 32 percent, to its value in the first eight months of 2020.

    The gold price surpassed that level again in early 2022 as Russia’s invasion of Ukraine collided with rising inflation around the world, increasing the allure of safe-haven assets and pulling the yellow metal up to a price of US$2,074.60 on March 8. However, it fell throughout the rest of 2022, dropping below US$1,650 in October.

    Although it didn’t quite reach the level of volatility as the previous year, the gold price experienced drastic price changes in 2023 on the back of banking instability, high interest rates and the breakout of war in the Middle East.

    After central bank buying pushed the gold price up to the US$1,950.17 mark by the end of January, the Fed’s 0.25 percent rate hike on February 1 sparked a retreat as the dollar and treasury yields saw gains. The precious metal went on to fall to its lowest price level of the year at US$1,809.87 on February 23.

    The banking crisis that hit the US in early March caused a domino effect through the global financial system and led to the mid-March collapse of Credit Suisse, Switzerland’s second-largest bank. The gold price had jumped to US$1,989.13 by March 15. The continued fallout in the global banking system throughout the second quarter of the year allowed gold to break above US$2,000 on April 3, and go on to flirt with a near-record high of US$2,049.92 on May 3.

    Those gains were tempered by the Fed’s ongoing rate hikes and improvements in the banking sector, resulting in a downward trend in the gold price throughout the remainder of the second quarter and throughout Q3. By October 4, gold had fallen to a low of US$1,820.01 and analysts expected the precious metal to drop below US$1,800.

    That was before the October 7 attacks by Hamas on Israel ignited legitimate fears of a much larger conflict erupting in the Middle East. Reacting to those fears, and to rising expectations that the Fed would begin to reverse course on interest rates, gold broke through the important psychological level of US$2,000 and closed at US$2,007.08 on October 27. As the fighting intensified, gold reached a then-new high of US$2,152.30 in intraday trading on December 3.

    That robust momentum in the spot gold price continued into 2024, chasing new highs on fears of a looming US recession, the promise of Fed rate cuts on the horizon, the worsening conflict in the Middle East and the tumultuous US presidential election year. By mid-March, gold was pushing up against the US$2,200 level.

    That record-setting momentum continued into the second quarter of 2024, when gold broke through US$2,400 in mid-April on strong central bank buying, sovereign debt concerns in China and investors expecting the Fed to start cutting interest rates. The precious metal went on to hit US$2,450.05 on May 20.

    Throughout the summer, the hits kept on coming.

    The global macro environment was highly bullish for gold leading up to the US election. Following the failed assassination attempt on Trump and a statement about coming rate cuts by Fed Chair Jerome Powell, the gold spot price hit a then new all-time high on July 16 at US$2,469.30. One week later, news that then-President Joe Biden would not seek re-election and would instead pass the baton to Vice President Kamala Harris eased some of the tension in the stock market and strengthened the US dollar. This also pushed the price of gold down to US$2,387.99 on July 22, 2024.

    However, the bullish factors supporting gold remained in play, and the spot price for gold went on to breach US$2,500 on August 2 that year on a less-than-stellar US jobs report; it closed just above the US$2,440 level. A few weeks later, gold pushed past US$2,500 once again on August 16, closing above that level for the first time ever after the US Department of Commerce released data showing a fifth consecutive monthly decrease in a row for homebuilding.

    The news that the Chinese government issued new gold import quotas to banks in the country following a two month pause also helped fuel the gold price rally. Central bank gold buying has been a significant tailwind for the gold price this year, and China’s central bank has been one of the strongest buyers.

    Market watchers expected the Fed to cut interest rates by a quarter point at its September 2024 meeting, but news on September 12 that the regulators were still deciding between the expected cut or a larger half-point cut led the gold price on a rally that carried through into the next day, bringing the metal near US$2,600.

    At the September 18 Fed meeting, the committee ultimately made the decision to cut rates by half a point, news that sent gold even higher. By September 20, it had moved above US$2,600 and was holding above US$2,620.

    In October 2024, gold first breached the US$2,700 level and continued to higher on a variety of factors, including further rate cuts and economic data anticipation, the escalating conflict in the Middle East between Israel and Hezbollah, and economic stimulus in China — not to mention the very close race between the US presidential candidates.

    While the gold price fell following Trump’s win in early November and largely held under US$2,700 through the end of the year, it began trending upward in 2025.

    We dive further into gold’s record-setting run and new all-time high in 2026 in the previous sections.

    What’s next for the gold price?

    What’s next for the gold price is never an easy call to make. There are many factors to consider, but some of the most prevalent long-term drivers include economic expansion, market risk, opportunity cost and momentum.

    Economic expansion is one of the primary gold price contributors as it facilitates demand growth in several categories, including jewelry, technology and investment. As the World Gold Council explains, “This is particularly true in developing economies where gold is often used as a luxury item and a means to preserve wealth.”

    Market risk is also a prime catalyst for gold values as investors view the precious metal as the “ultimate safe haven,” and a hedge against currency depreciation, inflation and other systemic risks.

    Going forward, in addition to the Fed, inflation and geopolitical events, experts will be looking for cues from factors like supply and demand. In terms of supply, the world’s five top gold producers are China, Australia, Russia, Canada and the US. The consensus in the gold market is that major miners have not spent enough on gold exploration in recent years. As for gold mine production, global output fell from around 3,200 to 3,300 metric tons (MT) each year between 2018 and 2020 to around 3,000 to 3,100 MT each year between 2021 and 2022. However, gold production turned around in 2023 and 2024, reaching 3,250 MT and 3,300 MT respectively.

    On the demand side, China and India are the biggest buyers of physical gold, and are in a perpetual fight for the title of world’s largest gold consumer. That said, it’s worth noting that the last few years have brought a big rebound in central bank gold buying, which dropped to a record low in 2020, but reached a 55 year high of 1,136 MT in 2022.

    World Gold Council data shows 2024 central bank gold purchases came to 1,044.6 metric tons, marking the third year in a row above 1,000 MT. In H1 2025, the organization reported gold purchases from central banks reached 415.1 MT.

    In addition to central bank moves, analysts are also watching escalating tensions in the Middle East, a weakening US dollar, declining bond yields and further interest rate cuts as factors that could push gold higher as investors look to secure their portfolios.

    “When it comes to outside factors that affect the market, it’s just tailwind after tailwind after tailwind. So I don’t really see the trend changing,” Eric Coffin of Hard Rock Analyst said.

    Joe Cavatoni, senior market strategist of the Americas, at the World Gold Council, believes that market risk and uncertainty surrounding tariffs and continued demand from central banks are the main drivers of gold. He’s watching what the money markets are doing as interest rates start to move.

    Should you beware of gold price manipulation?

    It’s important for investors to be aware that gold price manipulation is a hot topic in the industry.

    In 2011, when gold hit what was then a record high, it dropped swiftly in just a few short years. This decline after three years of impressive gains led many in the gold sector to cry foul and point to manipulation.

    Early in 2015, 10 banks were hit in a US probe on precious metals manipulation.

    Evidence provided by Deutsche Bank (NYSE:DB) showed “smoking gun” proof that UBS Group (NYSE:UBS), HSBC Holdings (NYSE:HSBC), the Bank of Nova Scotia (TSX:BNS,NYSE:BNS and other firms were involved in rigging gold and silver rates in the market from 2007 to 2013. Not long after, the long-running London gold fix was replaced by the LBMA gold price in a bid to increase gold price transparency. The twice-a-day process, operated by the ICE Benchmark Administration, still involves a variety of banks collaborating to set the gold price, but the system is now electronic.

    Still, manipulation has by no means been eradicated, as a 2020 fine on JPMorgan Chase & Co. (NYSE:JPM) shows. The next year, chat logs were released in a spoofing trial for two former precious metals traders from the Bank of America’s (NYSE:BAC) Merrill Lynch unit. They show a trader bragging about how easy it is to manipulate the gold price.

    Gold market participants have consistently spoken out about manipulation. In mid-2020, Chris Marcus, founder of Arcadia Economics and author of the book “The Big Silver Short,” said that when gold fell back below the US$2,000 mark after hitting close to US$2,070, he saw similarities to what happened with the gold price in 2011.

    Marcus has been following the gold and silver markets with a focus specifically on price manipulation for nearly a decade. His advice? “Trust your gut. I believe we’re witnessing the ultimate ’emperor’s really naked’ moment. This isn’t complex financial analysis. Sometimes I think of it as the greatest hypnotic thought experiment in history.”

    Investor takeaway

    While we have the answer to what the highest gold price ever is as of now, it remains to be seen how high gold can climb, and if the precious metal can reach as high as US$5,000, US$10,000 or even US$40,000.

    Even so, many market participants believe gold is a must have in any investment profile, and there is little doubt investors will continue to see gold price action making headlines this year and beyond.

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

    This post appeared first on investingnews.com

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    CORRECTION – Domestic Metals Engages ICP Securities Inc. for Automated Market Making Services and provides further details on the engagement of Michael Pound

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    Wording in 3rd paragraph ‘Engagement of Michael Pound’ has been corrected to reflect that Mr. Pound is no longer at arm’s length of the company.

    Domestic Metals Corp. (the ‘Company‘ or ‘Domestic‘) – (TSXV: DMCU,OTC:DMCUF; OTCQB: DMCUF; FSE: 03E) announces that it has engaged the services of ICP Securities Inc. (‘ICP‘) to provide automated market making services, including use of its proprietary algorithm, ICP Premium, in compliance with the policies and guidelines of the TSX Venture Exchange and other applicable legislation. ICP will be paid a monthly fee of C$7,500, plus applicable taxes. The agreement between the Company and ICP was signed with a start date of January 23, 2026 and is for four (4) months (the ‘Initial Term’) and shall be automatically renewed for subsequent one (1) month terms (each month called an ‘Additional Term’) unless either party provides at least thirty (30) days written notice prior to the end of the Initial Term or an Additional Term, as applicable. There are no performance factors contained in the agreement and no stock options or other compensation in connection with the engagement. ICP and its clients may acquire an interest in the securities of the Company in the future.

    ICP is an arm’s length party to the Company. ICP’s market making activity will be primarily to correct temporary imbalances in the supply and demand of the Company’s shares. ICP will be responsible for the costs it incurs in buying and selling the Company’s shares, and no third party will be providing funds or securities for the market making activities.

    Engagement of Michael Pound

    Pursuant to the Company’s news release dated December 11, 2025, the Company provides additional clarification pursuant to Michael Pound’s engagement. The Company added Michael Pound to its Investor Relations team. Michael has over 30 years of Market experience and also holds a wealth of knowledge including an extensive network within the small cap community. Mr. Pound will be focused on investor outreach to that community and provide shareholder and corporate communication services and other investor relations related services. Mr. Pound will be paid a monthly cash fee of C$7,500 per month plus applicable taxes. The agreement was entered into on February 17, 2025 and is for twelve (12) month term which will automatically renew for an additional one-year term, and shall thereafter renew for further one-year terms unless terminated pursuant to the terms of the agreement. On February 17, 2025, Mr. Pound was granted 500,000 options at an exercise price of $0.10 for a period of five years and includes vesting provisions whereby one-quarter of the options vest every four months. Mr. Pound is no longer at arm’s length to the Company as he holds stock options and is a less than 5% shareholder of the Company.

    Opportunity to Meet with Domestic’s Management

    We appreciate meeting with our supporters and shareholders in person to provide a detailed update and as such are looking forward to seeing you at our booth #1101 at the VRIC in Vancouver on January 25-26, 2026 and booth #3139 at the Investors Exchange at the PDAC, March 1-4, 2026, in Toronto.

    About ICP Securities Inc.

    ICP Securities Inc. is a Toronto based CIRO dealer-member that specializes in automated market making and liquidity provision, as well as having a proprietary market making algorithm, ICP Premium, that enhances liquidity and quote health. Established in 2023, with a focus on market structure, execution, and trading, ICP has leveraged its own proprietary technology to deliver high quality liquidity provision and execution services to a broad array of public issuers and institutional investors.

    About Domestic Metals Corp.

    Domestic Metals Corp. is a mineral exploration company focused on the discovery of large-scale, copper and gold deposits in exceptional, historical mining project areas in the Americas.

    The Company aims to discover new economic mineral deposits in historical mining districts that have seen exploration in geologically attractive mining jurisdictions, where economically favorable grades have been indicated by historic drilling and outcrop sampling.

    The Smart Creek Project is strategically located in the mining-friendly state of Montana, containing widespread copper mineralization at surface and hosts 4 attractive porphyry copper, epithermal gold, replacement and exotic copper exploration targets with excellent host rocks for mineral deposition.

    Domestic Metals Corp. is led by an experienced management team and an accomplished technical team, with successful track records in mine discovery, mining development and financing.

    On behalf of Domestic Metals Corp.

    Gord Neal, CEO and Director
    (604) 657 7813

    Follow us on:
    X, LinkedIn, Facebook and Instagram

    For more information on Domestic Metals, please contact:
    Gord Neal, Phone: 604 657-7813 or Michael Pound, Phone: 604 363-2885

    Please visit the Company website at www.domesticmetals.com or contact us at info@domesticmetals.com.

    For all investor relations inquiries, please contact:
    John Liviakis, Liviakis Financial Communications Inc., Phone: 415-389-4670

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

    Cautionary Note Regarding Forward-Looking Statements

    This news release contains certain statements that may be deemed ‘forward-looking statements’. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words ‘expects’, ‘plans’, ‘anticipates’, ‘believes’, ‘intends’, ‘estimates’, ‘projects’, ‘potential’ and similar expressions, or that events or conditions ‘will’, ‘would’, ‘may’, ‘could’ or ‘should’ occur. Forward-looking statements may include, without limitation, statements relating to the Company’s continued stock exchange listings and the planned exploration activities on properties. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, are subject to risks and uncertainties, and actual results or realities may differ materially from those in the forward-looking statements. Such material risks and uncertainties include, but are not limited to: competition within the industry; actual results of current exploration activities; environmental risks; changes in project parameters as plans continue to be refined; future price of commodities; failure of equipment or processes to operate as anticipated; accidents, and other risks of the mining industry; delays in obtaining approvals or financing; risks related to indebtedness and the service of such indebtedness; as well as those factors, risks and uncertainties identified and reported in the Company’s public filings under the Company’s SEDAR+ profile at www.sedarplus.ca. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are made as of the date hereof and, accordingly, are subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise unless required by law.

    News Provided by GlobeNewswire via QuoteMedia

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    Top 5 Canadian Mining Stocks This Week: Euro Manganese Gains 134 Percent

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    On Monday (January 19), Statistics Canada released the consumer price index (CPI) figures for December. The data showed an uptick in inflation to 2.4 percent year-over-year, up from 2.2 percent in November.

    Much of the increase was driven by a 5 percent increase in grocery prices and an 8.5 percent increase in food purchased from restaurants. StatsCan noted that the rise coincides with the GST/HST holiday that began on December 14, 2024, which primarily affected those two categories. The holiday ended on February 15, 2025.

    Balancing out the increase were declines in prices at the pump, with gas prices falling 13.8 percent year-over-year, following a 7.8 percent decrease in November.

    The reporting agency also released its annual CPI review on Monday. In that release, StatsCan indicated that on an annual average basis, CPI rose 2.1 percent in 2025, after recording a 2.4 percent increase in 2024. The year’s growth rate also marked the smallest increase since 2020. However, over the past 5 years, consumer prices have increased by 19.9 percent.

    In 2025, energy prices declined 5.7 percent after a modest 0.6 percent decrease in 2024 due to the removal of the carbon tax. On the other hand, grocery prices rose by 3.5 percent in 2025, after a 2.2 percent increase in 2024.

    Statistics Canada released its November monthly mineral production survey on Tuesday (January 20). StatsCan noted that data from September and October were revised for this release, with October’s figures for gold, silver, and copper production receiving downward revisions.

    As for November’s numbers, gold production decreased to 18,086 kilograms compared to 18,342 kilograms in October. Meanwhile, copper production rose to 39.7 million kilograms from 39.3 million kilograms, and silver production fell to 23,198 kilograms from 27,169 kilograms.

    Gold shipments rose to 17,625 kilograms from 15,145 kilograms, and silver shipments grew to 27,799 kilograms from 26,207 kilograms. Copper shipments increased to 45.87 million kilograms from 26.45 million kilograms.

    This week also marked the latest meeting of the World Economic Forum in Davos, Switzerland. In a speech at the forum, Canadian Prime Minister Mark Carney made waves when he spoke of a rupture in the world order and the importance for middle powers to diversify their relationships amid the uncertainty that has arisen among the world’s superpowers.

    The speech was broadly hailed by world leaders, including Mexico’s President Claudia Sheinbaum, Finnish President Alexander Stubb and California Governor Gavin Newsom, who said, ‘I respect what Carney did because he had courage of convictions, he stood up, and I think we need to stand up in America and call this out with clarity.’

    However, some US leaders were less complimentary, with US Commerce Secretary Howard Lutnik calling the speech “political noise.” It may also be among the reasons that US President Donald Trump rescinded his invitation for Carney to join his newly minted “Board of Peace” on Thursday (January 22).

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

    Markets and commodities react

    Canadian equity markets were mixed this week.

    The S&P/TSX Composite Index (INDEXTSI:OSPTX) gained 0.34 percent over the week to close Friday at 33,144.98, while the S&P/TSX Venture Composite Index (INDEXTSI:JX) fared better, rising 5.53 percent to 1,154.15. The CSE Composite Index (CSE:CSECOMP) went the other way, losing 0.39 percent to close at 187.36.

    The gold price continued to trade at all-time highs this week, reaching US$4,989.94 on Friday afternoon. Overall, it gained 7.96 percent on the week to trade at US$4,984.92 by Friday at 4:00 p.m. EST.

    The silver price performed even better, officially hitting triple digit silver when it broke above US$100 per ounce on Friday at new highs. It posted a weekly gain of 11.19 percent, closing Friday at US$102.72. Silver has gained nearly 42 percent since the start of 2026 and 233 percent from this same time last year.

    In base metals, the Comex copper price rose 1 percent this week to US$5.98.

    The S&P Goldman Sachs Commodities Index (INDEXSP:SPGSCI) rose 3.61 percent to end Friday at 584.13.

    Top Canadian mining stocks this week

    How did mining stocks perform against this backdrop?

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

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

    1. Euro Manganese (TSXV:EMN)

    Weekly gain: 134.29 percent
    Market cap: C$23.56 million
    Share price: C$0.41

    Euro Manganese is a manganese development company working to advance its Chvaletice waste recycling project. The operation is focused on extracting manganese from tailings that are part of a decommissioned mine site near Prague, Czechia. As part of the project’s scope, the company says it will carry out remediation and reclamation work to bring the site into compliance with environmental regulations.

    A 2022 feasibility study for the Chvaletice project indicates that it will produce 48,000 metric tons of manganese per year and is expected to have a project life of 25 years. In the study, the company reports a post-tax net present value of US$1.3 billion with an internal rate of return of 22 percent and a payback period of 4 years.

    Shares in Euro Manganese were up this week, but the company has not released news since January 13, when it announced that John Webster tendered his resignation from the company’s board of directors.

    Euro noted on Friday that it was unaware of any material change in its operations that could have caused the price rise.

    2. Kingfisher Metals (TSXV:KFR)

    Weekly gain: 106.35 percent
    Market cap: C$38.24 million
    Share price: C$0.65

    Kingfisher Metals is an exploration company focused on its HWY 37 project located in British Columbia, Canada.

    The property, located in BC’s Golden Triangle, covers 933 square kilometers and hosts several porphyry and epithermal copper and gold deposits, including Hank and Williams, which were identified during historical exploration of the site.

    On January 13, the company announced additional results from its 2025 exploration and drill program at HWY 37, releasing assays for three drill holes at the Williams deposit, two of which some of Williams’ longest copper intercepts yet. Kingfisher highlighted one hole, with grades of 0.47 percent copper equivalent over 889.35 meters, starting 3.65 meters from surface, which also included an interval of 1.16 percent copper equivalent over 40 meters.

    Then on Thursday (January 22), Kingfisher reported that it had received the final results from the program, this time in the form of a deep drill hole at the Hank epithermal gold-silver system. While the hole intersected Hank’s typical mineralisation in the upper half of the hole, starting at 534 meters it encountered a 425 meter interval grading 0.4 percent copper equivalent.

    The company said this represented a blind discovery, with no previous porphyry copper and gold mineralization being reported at Hank.

    “The final hole of the 2025 program validates our long-standing belief that the shallow Hank Au-Ag epithermal mineralization is driven by a large porphyry Cu-Au system,” said Kingfisher CEO Dustin Perry.

    3. Core Critical Metals (TSXV:CCMC)

    Weekly gain: 94.68 percent
    Market cap: C$15.04 million
    Share price: C$1.83

    Core Critical Metals is an exploration company working on its Timmins nickel project in Ontario, Canada. The company was previously known as Xander Resources but announced in August that it was changing its name to Core Critical Metals.

    The project holds a strategic position, with two properties totaling 393 claims located west along trend from Canada Nickel Company’s (TSXV:CNC,OTCQX:CNIKF) Crawford property and adjacent to Canada Nickel’s Reid discovery.

    On Monday, Core Critical Minerals issued a release congratulating Canada Nickel on the success of Crawford’s development. It also noted Crawford’s inclusion for the second tranche of projects from the Government of Canada’s Major Project Office in November 2025, and the more recent designation under Ontario’s One Project, One Process framework on January 13.

    Additionally, the company announced on January 15 that it had issued 1.24 million common shares to settle a C$400,000 exploration debt with the vendor of a property option agreement for the CNC West property. It followed this news the next day when it announced a two-for-one stock split on January 16.

    4. GoldHaven Resources (CSE:GOH)

    Weekly gain: 94.44 percent
    Market cap: C$10.3 million
    Share price: C$0.35

    GoldHaven Resource is an exploration and development company advancing projects in British Columbia and Brazil.

    Its most recent focus has been on its Magno project in BC’s Cassiar mining district. The property consists of 53 mineral claims covering 36,814.16 hectares and borders mineral claims held by Cassiar Gold (TSXV:GLDC,OTCQX:CGLCF) and Coeur Mining (NYSE:CDE).

    The site hosts silver, lead and gold mineralization at Magno North, with additional quantities of tin, indium and gallium. Porphyry targets at Magno West have shown mineralization with copper and molybdenum.

    Since the start of the year, the company has released a trio of updates from Magno.

    The first came on January 6, when it announced that preliminary assays from surface exploration confirmed the presence of silver, lead, zinc, tungsten and critical minerals across multiple zones at the property. The release highlighted grades of up to 2,370 grams per metric ton silver, 19.25 percent zinc, 6,550 parts per million (ppm) tungsten and 334 ppm indium.

    The second release came on January 14, providing additional information on its tungsten results, noting that exploration confirmed anomalous tungsten mineralization at the historical Kuhn and Dead Goat showings, and found a new tungsten zone at Vines Lake.

    The most recent release came on Thursday when GoldHaven reported that indium grades at the site show it is a ‘meaningful critical mineral component of the Magno system.’ These elevated grades were found to be restricted to the Magno and D Zones, as well as the Kuhn and Dead Goat showings.

    5. Ascot Resources (TSX:AOT)

    Weekly gain: 91.21 percent
    Market cap: C$38.24 million
    Share price: C$1.74

    Ascot Resources is a Canadian gold exploration and development company focused on the negotiating the restart of mining operations at its Premier gold project, and on its Red Mountain gold project.

    The site is located within the Golden Triangle area of Northern British Columbia, and hosts the Premier, Silver Coin and Big Missouri deposits, as well as one of only three mills in the region.

    Production at the mine began in April 2024, but operations were placed on care and maintenance in September 2024. At the time, the company said it had fallen behind schedule in developing the mine and did not have enough material to feed the mill.

    In an update from April 2025, the company said it was anticipating the mine would restart in early August at an initial rate of 1,250 metric tons per day. However, on June 25, Ascot announced that the mine would not restart as negotiations with mining contractor Procon Mining regarding the cost of mining services had stalled.

    On October 23, the company announced that the mine would remain on care and maintenance and that it had engaged Fiore Management to assist with restructuring, refinancing and enhancing the leadership team at Ascot.

    Since that time, the company has launched a fundraising effort, with the most recent news on December 31, when it announced it had closed the first tranche of a private placement raising C$809.1 million.

    In that release, President and CEO Robert McLeod stated that further detailed updates on Ascot’s plans, as well a proposed rebrand, would be coming in the weeks ahead. ‘We believe the rapid development of the high-grade, underground bulk-mineable Red Mountain Project is the key to the successful commissioning and operation of a centralized mill to process material from the multiple deposits in the Golden Triangle.”

    FAQs for Canadian mining stocks

    What is the difference between the TSX and TSXV?

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

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

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

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

    How much does it cost to list on the TSXV?

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

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

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

    How do you trade on the TSXV?

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

    Article by Dean Belder; FAQs by Lauren Kelly.

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

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

    This post appeared first on investingnews.com

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    Investment establishes valuation of C$50M for the polymetallic Häggån project

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    Aura Energy Limited (ASX: AEE, AIM: AURA) (“Aura” or “the Company”) is pleased to announce that MMCAP International Inc. SPC (‘MMCAP’) and certain other strategic investors (together the ‘Strategic Investors’) will provide funding of C$10 million for a 19.7% interest in the Company’s polymetallic Häggån project (‘the Häggån Project’) located in Sweden, establishing its value at C$50 million.

    Aura has entered into a binding agreement to transfer 100% of the Häggån Project to SIU Metals Corp. (‘SIU Metals‘), an unlisted Canadian public company, in consideration for acquiring shares in SIU Metals. The agreement will result in SIU Metals being the 100% owner of the Häggån Project.

    Aura will retain 78.7% ownership of SIU Metals and the Strategic Investors will own 19.7% after contributing C$10 million via a private placement. SIU Metals intends to seek a stock market listing on the TSX Venture Exchange (‘TSXV’) in connection with the transaction.

    HIGHLIGHTS

    • Valuation for Häggån project established at C$50 million (A$55 million)
    • Agreement with MMCAP and certain other strategic investors to provide aggregate gross proceeds of C$10 million to SIU Metals, which will be renamed following the transaction
    • Proceeds to be used for the advancement of the Häggån project, including permitting and resource expansion through continued exploration including on surrounding tenements
    • Aura will retain ownership of 78.7% of SIU Metals and consequently will retain indirect exposure to the Häggån project post-transaction
    • Aura to appoint new officers and directors to SIU Metals on closing of transaction
    • Financing is expected to complete in February 2026, with the transaction expected to complete in June 2026
    • New Canadian listed company to benefit from increased visibility and direct comparison with valuation of other public companies with similar deposits
    • On 1 January 2026, the Minerals Act in Sweden was amended to allow exploration for and extraction of uranium
    Phil Mitchell, Executive Chairman Aura Energy, said:

    “We are delighted to welcome investors of the calibre of MMCAP, Aura’s largest shareholder, and other high-quality investors into this new vehicle for Aura’s Häggån project, and the future support they can bring. We believe their investment is a demonstration of the quality and potential of the project, and its exciting future as, following legislation changes brought into effect on 1 January 2026, mining of uranium is now allowed again in Sweden. This transaction shines a spotlight on the under-recognized value of Häggån within Aura Energy, and creates an independent and dedicated pathway for funding, growth and management of the project.

    Upon successful completion of the transaction, Aura’s existing shareholders will continue to benefit from Häggån’s upside potential, and by way of a direct comparison with the valuation of other companies with similar deposits in the region.”

    Click here for the full ASX Release

    This post appeared first on investingnews.com

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    Skyharbour Announces Major 2026 Exploration Campaign with Denison Mines at Russell Lake Uranium Joint Ventures

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    Skyharbour Resources Ltd. (TSX-V:SYH)  (OTCQX:SYHBF) (Frankfurt:SC1P) (‘Skyharbour’, ‘SYH’ or the ‘Company’) is pleased to announce plans for a major 2026 exploration campaign spanning several of the newly-formed Russel Lake joint ventures with Denison Mines Corp. (‘Denison’) (TSX:DML) (NYSE American: DNN). Over 15,000 metres of diamond drilling is planned across the Wheeler North, RL, and Getty East joint ventures, each of which were formed following completion of the strategic transaction with Denison in December 2025 that resulted in a reorganization of the former Russell Lake uranium project into four separate property joint ventures (the ‘Russell Lake Joint Ventures’).

    Reorganization of the Russell Lake Project:
    https://www.skyharbourltd.com/_resources/images/Russell-Map-New.jpg

    The Russell Lake Joint Ventures are strategically located in the central portion of the eastern Athabasca Basin of northern Saskatchewan, to the east of Denison’s flagship Wheeler River project, and with access to significant regional infrastructure, including an exploration camp, provincial highways, and the provincial power grid.

    Russell Lake Project Area Location Map:
    https://www.skyharbourltd.com/_resources/images/SKY_RussellLake.jpg

    Highlights of 2026 Exploration Plans:

    • Immediate start to exploration at Denison-operated Wheeler North property with 2,500 metres planned for winter drilling at the Fox Lake Trail target, where previous drilling identified extensive faulting and intense illite- and dravite-dominated alteration, together with elevated uranium and boron geochemistry which confirms the presence of strong uranium-mineralizing hydrothermal systems.
    • Additional 5,000 metres of drilling at the Wheeler North property’s Fork and Sphinx target areas is planned for later in the year, intending to follow up on drilling from the last two years which confirmed prospective structures and/or uranium mineralization.
    • Target generation and diamond drilling follow up planned for Skyharbour-operated RL property expected to consist of ground EM surveys and 4,000-5,000 metres of diamond drilling across several prospective targets.
    • Ground geophysical surveys and approximately 3,600 metres of diamond drilling targeting the Little Mann Lake prospect area and priority targets along the extension of the mineralized Middle Lake Trend on the Getty East property.
    • In total, over 15,000 metres of diamond drilling planned in 2026 across newly reorganized properties at the Russell Lake Joint Ventures.

    Jordan Trimble, President and CEO of Skyharbour, stated: ‘2026 is set to be a transformative year for Skyharbour and the upcoming commencement of drilling at the recently formed Russell Lake joint ventures represents a key near-term catalyst. The planned +15,000-metre, multi-phased drill campaign at Russell is a substantial increase to previous annual drilling programs as we accelerate exploration efforts together with our new funding-partner, Denison, using systematic and proven exploration methodologies. We are confident that this collaboration with Denison will expedite the discovery process and leverage Denison’s success in exploring, permitting, and developing the neighboring Wheeler River Project, where the high-grade Phoenix deposit is positioned to become the next new large-scale uranium mine built in the region since the Cigar Lake mine.’

    Mr. Trimble continued: ‘The Russell Lake Joint Ventures encompass one of the largest and most prospective land packages in the Athabasca Basin region, with a combination of proximity to existing and developing mines, as well as low-cost drilling and relatively shallow target depths. Combined with our recently announced plans for drilling in 2026 at our adjacent Moore Project, as well as at our Preston Project JV and various other partner-funded projects, the Company will have consistent news flow throughout 2026. With over 30,000 metres of diamond drilling anticipated across Skyharbour’s project portfolio in 2026, we believe the Company offers unique and significant discovery optionality.’

    Wheeler North Property Plans:

    Wheeler North consists of 16,409 hectares over eight claims that host numerous prospective exploration targets located adjacent to the Wheeler River Project. Ownership is initially 51% Skyharbour and 49% Denison, with Denison serving as the operator and holding additional earn-in options to achieve up to a 70% ownership interest. 

    At Wheeler North, Denison is planning an exploration program comprising approximately 13 diamond drill holes totalling approximately 7,500 metres this year. The work is expected to be sole funded by Denison pursuant to its earn-in options, and is set to commence shortly with a focus on three high-priority target areas: Fork, Sphinx, and Fox Lake Trail (‘FLT’).

    At the Fork Zone, previous drilling by Skyharbour confirmed the presence of high-grade uranium mineralization, including the high-grade intersection in drill hole RSL24-02, which returned 3.0% U3O8 over 0.5 metres. Drilling in 2025 identified a broad corridor of intense sandstone and basement alteration associated with favourable geochemistry along strike to the north of hole RSL24-02. Drilling planned for 2026 will focus on systematically testing this intense alteration corridor with the objective of expanding the known mineralized footprint at the Fork Target.

    To the northwest of the Fork Zone, the Sphinx target area has emerged as a newly identified, high-priority target area, which is located approximately one kilometre from Denison’s Phoenix deposit. Inaugural drilling completed in 2025 intersected a faulted graphitic unit in the basement, confirming the presence of a prospective reactivated structural corridor at Sphinx. The projected unconformity intersection of this structure is considered a priority follow-up target, with additional drilling planned to test this setting along strike.

    At the Fox Lake Trail (‘FLT’) Zone, drilling in 2025 by Skyharbour intersected strong hydrothermal alteration associated with uranium-mineralizing systems, including intense sandstone desilicification, brecciation, fracturing, elevated boron values, and widespread illite- and dravite-dominant clay alteration. Notably, drill hole RSL25-03A intersected a strongly altered sandstone fault zone with boron values up to 5,360 ppm, while RSL25-02 intersected anomalous basement-hosted uranium within a faulted graphitic unit, collectively indicating proximity to a fertile uranium-bearing structural corridor. A focused follow-up program of three to four drill holes is planned to commence in winter 2026, with contingency drill targets available on additional untested conductors within the FLT area.

    RL Property Plans: 

    The RL property covers 53,192 hectares over 16 claims located north and west of Skyharbour’s adjacent Moore Project. Skyharbour owns an 80% interest and is the project operator while Denison owns 20% and has committed to funding its share of the next $10 million in exploration expenditures on the property. 

    The property hosts numerous exploration target areas, including Christie Lake, Blue Steel, Taylor Bay, South Russell, and Kowalchuk Lake. Skyharbour is carrying out electromagnetic (‘EM’) surveys to further refine and prioritize targets along prospective structural corridors and underexplored conductors. This work will be followed by targeted diamond drilling of approximately 4,000 to 5,000 metres this year in 10-14 drill holes, designed to test high-priority targets generated from the integration of historical datasets, recent drilling results, and new geophysical interpretations.

    Getty East Property Plans:

    Getty East consists of one claim covering 3,105 hectares and hosts the Little Mann Lake uranium zone, as well as the interpreted extension of the Middle Lake trend. Skyharbour owns 70% of the property and will initially act as operator.  Denison has an initial 30% ownership interest, and holds additional earn-in options to acquire up to a 70% interest in the project, as well as the right to become the project operator. The work planned for 2026 is expected to be sole funded by Denison pursuant to its earn-in options.

    Skyharbour is planning approximately 16.2 line-kilometres of ground MLTDEM surveying to better define priority conductive corridors associated with the interpreted extension of the Middle Lake trend. Historical drilling on this trend, located to the south of the Getty East property, returned high-grade uranium mineralization, including 22.1% U3O8 over 0.9 metres in drill hole ML-30. The geophysical survey is expected to be followed up by approximately 3,600 metres of diamond drilling in about 10 drill holes to test targets generated from the new geophysics and supported by historical drilling results.

    Overview of Recent Skyharbour Exploration Programs at Russell:

    Skyharbour recently drilled 19 holes totalling 9,844 metres, together with Moving Loop and Fixed Loop Transient Electromagnetic (TEM) surveys completed across multiple priority target areas within the original Russell Lake project area. This exploration focused on advancing several high-priority targets, including the Fork Zone, M-Zone Extension, Fox Lake Trail, and the newly identified Sphinx target area. Denison and Skyharbour plan to follow-up on the findings of the previously exploration at Russell with the 2026 programs.

    First Phase of Exploration:

    In the first phase, 8 diamond drill holes totalling 4,124 metres, were completed with 6 of these holes drilled at the newly identified Fork Zone to follow up on the high-grade mineralization intersected in previously reported hole RSL24-02. The remaining 2 holes were drilled at the M-Zone Extension, targeting historical ground EM anomalies.

    The Fork Zone was discovered in 2024 and is host to the best uranium mineralization intercepted to date at the Russell Lake project. The highlight results included high-grade unconformity-hosted mineralization intercepted in previously reported RSL24-02, which returned 3.0% U3O8 over 0.5 metres within a broader 2.5-metre interval averaging 0.72% U3O8 at a relatively shallow depth of 338.1 metres. Prior to 2024, the Fork Target had seen minimal historical exploration due to the lack of reliable ground geophysical data, primarily caused by interference from the nearby powerline.

    Sphinx and Fork Target Areas – Drill Collar Map:
    http://www.skyharbourltd.com/_resources/images/Sphinx-and-Fork-Target-Areas-Drill-Collar-Map-0005.jpg

    Hole RSL24-12 at the Fork Zone intersected 0.17% U3O8 over 0.5 metres from 337.8 to 338.3 metres at the unconformity. Anomalous As, Ni, Pb, V, Zn, and B were intersected, in addition to weak uranium mineralization from 330.0 metres until the unconformity at 338.3 metres. Basement geochemistry returned anomalous uranium within altered and structurally disrupted graphitic metasediments. RSL24-12 tested for continuity of mineralization encountered in RSL24-02 to the SSW but the optimum target at the unconformity was undershot thereby warranting further drilling here. Holes RSL24-11, -13, -14, -15, and -16 all intersected anomalous pathfinder elements at the Fork Zone associated with the hanging wall of the structure in graphitic basement lithologies, in addition to anomalous uranium ranging from 11.8(partial) to 150(partial) ppm U.

    Fork Target Area – Drill Collar Map:
    http://www.skyharbourltd.com/_resources/images/Fork-Target-Area-Drill-Collar-Map-0002.jpg

    The MZE (‘M-Zone Extension’) target lies on trend from Denison’s Wheeler River Project M-Zone, where historical drilling intersected basement and unconformity-hosted uranium mineralization. More recent drilling by Denison in 2020 at the M-Zone encountered additional uranium mineralization, along with significant faulting, core loss, geochemical anomalies, and radioactivity. The mineralization at M-Zone is hosted by a graphitic thrust fault within a significant magnetic low, which continues onto the Russell Lake property area at the M-Zone Extension target. It is also noted that lineaments (cross structures) associated with Denison’s Phoenix and Gryphon uranium deposits trend onto the Russell Lake property within the M-Zone Extension target area, further enhancing the prospectivity of this target.

    Hole RSL24-17 was drilled to follow up on a 2024 hole at the MZE Zone that was lost in structurally disrupted and altered sandstone before reaching its target. RSL24-17 similarly encountered intense structure and alteration in the sandstone and was lost before intersecting the basement. Hole RSL24-18 intersected moderate hydrothermal hematite within the basal sandstone, and strong shearing locally overprinted by well-developed fault breccia and gouge within the basement. Anomalous uranium was intersected within fractured and altered granitic lithologies.

    In addition to the drilling above, focused ground geophysical programs were completed over the Fork, Sphinx and Fox Lake Trail targets within the central and northern portions of the Russell Lake project area. The surveys across the Fork–Sphinx areas identified a series of previously unrecognized conductive anomalies, including four sub-parallel conductors at the Fork area, at least one conductive trend at Sphinx, and an additional parallel trend located between the Fork and Sphinx trends, now referred to as the McGowan trend. All of these conductors were virtually untested prior to the work in 2025. At the Fox Lake Trail area, the survey delineated four parallel conductive trends, of which only two had been drill tested prior to 2025, as earlier surveys failed to adequately resolve these features.

    Second Phase of Exploration:

    The second phase of drilling comprised of 11 drill holes totaling 5,720 metres, targeting the newly identified, high-priority conductors while also expanding on the successful 2024 discovery at the Fork Zone. Fork is now understood to be a northeast–southwest–trending structural corridor that runs sub-parallel to the historical Grayling Zone and remains largely underexplored. The northern strike extension of the Fork Trend, together with multiple parallel conductive trends to the west, remain virtually untested and represent high-priority targets for follow-up drilling.

    Of the 11 holes in the second phase, 6 holes totaling 2,397 metres were completed at the Fork Zone. Hole RSL24-12W1 intersected 2.0 metres averaging 0.28% U3O8, including 0.5 metres of 0.68% U3O8 southwest of hole RSL24-02, confirming continuity along and across strike. A four-hole fence (RSL25-05, -08, -09, and -10) drilled approximately 325 metres north of RSL24-02 tested newly defined, parallel EM conductors located approximately 500 metres west of the historical Grayling showing. These conductors were untested prior to Skyharbour’s 2025 drilling. Holes RSL25-05, -08, and -10 intersected intense sandstone-hosted faulting with bleaching, desilicification, core loss, and clay alteration locally including visible dravite. Hole RSL25-09 intersected a graphitic basement fault zone and clay analyses confirmed illite-dominant alteration with local dravite, consistent with fertile uranium systems in the Athabasca Basin. An additional hole, RSL25-06, drilled approximately 330 metres SSW of RSL24-02, intersected granitic basement and did not explain the EM response. Further drilling in the area is required to adequately test this target with plans in 2026 to do so.

    The faulting and associated alteration encountered in RSL25-05, -08, -09, and -10 represent the strongest structural and hydrothermal alteration intensity identified at the Fork Zone to date. This alteration system remains unconstrained along strike in both directions and across strike to the west, highlighting significant upside potential which has already produced grades of up to 3% U3O8 at the target area.

    Skyharbour also completed a single drill hole, RSL25-07A, to test a newly identified ground EM conductor at the Sphinx target, representing the first drill test of this target. Sphinx is located approximately one kilometre southeast of the Phoenix deposit on the Wheeler River Project. The hole confirmed the EM anomaly as a faulted and altered graphitic pelite unit, intersected approximately 140 metres below the unconformity. The graphitic fault zone shows evidence of post-Athabasca reactivation and is associated with pervasive bleaching, supporting the interpretation of a structurally fertile system.

    Geochemical sampling from RSL25-07A returned elevated uranium and associated pathfinder elements within faulted and graphitic intervals. PIMA analysis identified illite-dominant clay alteration in the sandstone and illite–chlorite alteration in the basement, indicating a well-developed hydrothermal system. Together, these results support the interpretation of a reactivated, structurally focused uranium-fertile corridor at Sphinx. With only one drill hole completed to date and the target located proximal to the Phoenix deposit, Sphinx remains a high-priority target for follow-up drilling planned in 2026.

    Furthermore, Skyharbour completed 4 drill holes at the Fox Lake Trail area, located at the northern end of the Russell Lake project area. The drilling tested two of the recently defined conductors by the 2025 ground EM survey within a broad conductive corridor that has seen limited historical drilling with sporadic uranium mineralization and favourable hydrothermal alteration.

    Fox Lake Trail Target Area – Drill Collar Map:
    http://www.skyharbourltd.com/_resources/images/Fox-Lake-Trail-Target-Area-Drill-Collar-Map_rev-0003.jpg

    Holes RSL25-02, RSL25-03A, and RSL25-04 tested the strike extension of the same conductive trend, while hole RSL25-01 tested a parallel conductive target to the southeast. The two drill fences are spaced approximately 800 metres apart. Holes RSL25-03A and RSL25-04 encountered the strongest hydrothermal alteration observed at Fox Lake Trail to date, including brecciation and significant quartz dissolution, while hole RSL25-02 intersected anomalous basement-hosted uranium of 250 ppm U over 0.5 metres within a faulted graphitic unit. Clay analysis confirmed illite- and dravite-dominant alteration. These conductive trends remain largely underexplored along strike, with an additional priority target identified through reinterpretation of historical EM data between the two drill fences, supporting continued follow-up exploration at Fox Lake Trail. Drilling will commence shortly at this target area.

    Summary of Russell Lake Joint Ventures:

    The Russell Lake Joint Ventures encompass a large, advanced-stage uranium exploration land package totalling 73,314 hectares in the eastern Athabasca Basin of northern Saskatchewan. The properties are strategically positioned between Cameco’s Key Lake and McArthur River operations and immediately east of Denison’s Wheeler River Project.

    Following the completion of a major strategic transaction with Denison in 2025, the former Russell Lake project was restructured into four separate joint venture uranium properties: RL, Wheeler North, Getty East, and Wheeler River Inliers. Each property is subject to its own joint venture agreement with operatorship divided between the partners. Skyharbour is the operator at the RL Claims and Getty East, and Denison is the operator at Wheeler North and the Wheeler River Inliers. In aggregate, the strategic transaction included total project consideration of up to C$61.5 million with Skyharbour retaining an 80% interest at RL while Denison can earn up-to 70% at each of the other properties.

    The Russell Lake Joint Ventures benefit from excellent regional infrastructure, with the northern extension of Highway 914 traversing the western portion of the land package and a high-voltage provincial powerline running parallel to the road. Across the joint ventures, there are numerous high-priority exploration targets including the Grayling, Fork, Little Mann Lake, Christie Lake, Fox Lake Trail, Sphinx, Blue Steel, Taylor Bay, South Russell, and Kowalchuk Zones. In addition, more than 35 kilometres of largely untested prospective electromagnetic conductors occur across the joint venture properties, highlighting the substantial discovery potential.

    QA/QC, Radiometric Equivalent Grades and Spectrometer Readings:

    All drill intervals above are downhole length and sampling procedures and QA/QC protocols for geochemical results as well as a description of downhole gamma probe grade calculations and protocols are below. All drill core samples are shipped to the Saskatchewan Research Council Geoanalytical Laboratories (SRC) in Saskatoon, Saskatchewan under the care of Skyharbour personnel for preparation, processing, and multi-element analysis by ICP-MS and ICP-OES using total (HF:NHO3:HClO4) and partial digestion (HNO3:HCl), boron by fusion, and U3O8 wt% assay by ICP-OES using higher grade standards. Assay samples are chosen based on downhole probing radiometric equivalent uranium grades and scintillometer (Radiation Solutions RS-125) peaks. Assay sample intervals comprise 0.5 metre continuous half-core split samples over the mineralized interval. These samples may also be selected for density determination using Rock Density by Dry Bulk Method (wax-coated displacement method). With all assay samples, one half of the split sample is retained and the other sent to the SRC for analysis. The SRC is an ISO/IEC 17025/2005 and Standards Council of Canada certified analytical laboratory. Blanks, standard reference materials, and repeats are inserted into the sample stream at regular intervals by Skyharbour and the SRC in accordance with Skyharbour’s quality assurance/quality control (QA/QC) procedures. Geochemical assay data are subject to verification procedures by qualified persons employed by Skyharbour prior to disclosure.

    During active exploration programs, drillholes are radiometrically logged using calibrated downhole Mount Sopris HLP-2375 or 2GHF probes of varying sensitivities, which collect continuous readings along the length of the drillhole. Preliminary radiometric equivalent uranium grades (‘eU3O8‘) are then calculated from the downhole radiometric results. The probe is calibrated using an algorithm calculated from the calibration of the probe at the Saskatchewan Research Council facility in Saskatoon and from the comparison of probe results against geochemical analyses. In the case where core recovery within a mineralized intersection is poor or non-existent, radiometric grades are considered to be more representative of the mineralized intersection and may be reported in the place of assay grades. Radiometric equivalent probe results are subject to verification procedures by qualified persons employed by Skyharbour prior to disclosure. 

    Qualified Person:

    The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed and approved by Serdar Donmez, P.Geo., VP of Exploration for Skyharbour, as well as a Qualified Person.

    About Skyharbour Resources Ltd.:

    Skyharbour holds an extensive portfolio of uranium exploration projects in Canada’s Athabasca Basin and is well positioned to benefit from improving uranium market fundamentals with interest in forty-three projects covering over 662,887 hectares (over 1.6 million acres) of land. Skyharbour owns a 100% interest in the Moore Uranium Project, which is located 15 kilometres east of Denison’s Wheeler River project and 39 kilometres south of Cameco’s McArthur River uranium mine. Moore is an advanced-stage, uranium exploration property with high-grade, shallow uranium mineralization at the Maverick Zones. Adjacent to Moore, Skyharbour is advancing several uranium properties within the Russell Lake project area with its joint venture partner and large strategic shareholder Denison Mines. Collectively these projects host multiple zones of high-grade uranium mineralization across a highly prospective land package with significant exploration upside, and the Company is actively working these assets through exploration and drilling programs.

    Skyharbour now has joint ventures with industry-leaders Denison Mines and Orano Canada Inc. at the Russell Lake properties and the Preston project, respectively. The Company also has several active earn-in option partners, including CSE-listed Nexus Uranium Corp. at the Mann Lake Uranium Project; TSX-V listed North Shore Uranium at the Falcon Project; UraEx Resources at the South Dufferin and Bolt Projects; Hatchet Uranium at the Highway Project; CSE-listed Mustang Energy at the 914W Project; and TSX-V listed Terra Clean Energy at the South Falcon East Project. In aggregate, Skyharbour has now signed earn-in option agreements with partners that total to potentially over $76 million in partner-funded exploration expenditures and over $42 million in cash and share payments coming into Skyharbour, assuming that these partner companies complete the earn-ins at their respective projects.

    Skyharbour’s goal is to maximize shareholder value through new mineral discoveries, committed long-term partnerships, and the advancement of exploration projects in geopolitically favourable jurisdictions.

    Skyharbour’s Uranium Project Map in the Athabasca Basin:
    https://www.skyharbourltd.com/_resources/images/SKY_SaskProject_Locator_2025-12-16.jpg

    To find out more about Skyharbour Resources Ltd. (TSX-V: SYH) visit the Company’s website at www.skyharbourltd.com.

    Skyharbour Resources Ltd.

    ‘Jordan Trimble’

    Jordan Trimble
    President and CEO

    For further information contact myself or:

    Nicholas Coltura
    Corporate Communications Manager
    Skyharbour Resources Ltd.
    Telephone: 604-558-5847
    Toll Free: 800-567-8181
    Facsimile: 604-687-3119
    Email: info@skyharbourltd.com

    NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

    Forward-Looking Information:

    This news release contains ‘forward‐looking information or statements’ within the meaning of applicable securities laws, which may include, without limitation, completing ongoing and planned work on its projects including drilling and the expected timing of such work programs, other statements relating to the technical, financial and business prospects of the Company, its projects and other matters. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of uranium, the ability to achieve its goals, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms. Such forward-looking information reflects the Company’s views with respect to future events and is subject to risks, uncertainties and assumptions, including the risks and uncertainties relating to the interpretation of exploration results, risks related to the inherent uncertainty of exploration and cost estimates and the potential for unexpected costs and expenses, and those filed under the Company’s profile on SEDAR+ at www.sedarplus.ca. Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, adverse weather or climate conditions, failure to obtain or maintain all necessary government permits, approvals and authorizations, failure to obtain or maintain community acceptance (including First Nations), decrease in the price of uranium and other metals, increase in costs, litigation, and failure of counterparties to perform their contractual obligations. The Company does not undertake to update forward‐looking statements or forward‐looking information, except as required by law.

    News Provided by GlobeNewswire via QuoteMedia

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    Steve Penny: Silver’s Big Move Still to Come, Watch This Price Trigger

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    Steve Penny, founder of SilverChartist.com, shares his thoughts on silver’s price breakout and next move, as well as the gold, platinum, uranium and oil markets.

    ‘In 1979, silver went up 700 percent, 8X in 12 months. I think that moment still lies ahead,’ he said.

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

    This post appeared first on investingnews.com

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    Walker Lane Resources Ltd. Completes an Updated Mineral Resource and Plans in 2026 to Advance Exploration Efforts and a Preliminary Economic Assessment in its Silver Hart Project, Yukon, Canada

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    TSX-V: WLR
    Frankfurt: 6YL

    Standards of Disclosure for Mineral Projects and its Companion Policy 43-101CP with an effective date of January 6, 2026.

    The report was co-authored by Ronacher McKenzie Geosciences Inc. who conducted a site visit in 2025 to verify work completed since the 2021 season that has been reported by WLR which included a drill program in 2022, a minor sampling program on the Silver Hart claims in 2024, completion of a trenching program and minor reconnaissance efforts on the adjoining and acquired Blue Heaven claims in 2024, and reclamation programs on all of the claims in 2023 and 2024.

    Subject to financing WLR intends to conduct drilling, socio-economic, environmental and engineering studies and initiate a Preliminary Economic Assessment of the Silver Hart Project in 2026.

    The CIM Standards require that an estimated mineral resource must have reasonable prospects for eventual economic extraction. A summary of the SHP mineral resource economic and technical parameters and/or assumptions is presented in Table 1 below. A pit-shell was optimized based on silver equivalent values calculated using the economic parameters in the table.

    Table 1: Summary of the Siver Hart Project Economic and Technical Parameters/Assumptions

    Item

    Units

    Extended

    Mining cost

    CAD$/t all material

    10.00

    Processing cost

    CAD$/t crude feed

    25.50

    G&A cost

    CAD$/t crude feed

    5.00

    Exchange rate

    CAD$ to US$

    0.75

    Ag price

    USD$/oz

    23.30

    Pb price

    US$/metric tonne

    1,892

    Zn price

    US$/metric tonne

    2,505

    Metallurgical recovery

    Percentage

    80

    Overall pit slope

    Degrees

    45

    Silver Equivalent Calculation:  AgEq g/t = [(Ag ppm x %Rec. x Price/g) + (Pb ppm x %Rec. x Price/g) + (Zn ppm x %Rec. x Price/g)]/ (Ag Price/g x %Rec).
    Note: Rec. = metallurgical recovery. AgEq=Silver Equivalent.

    Block grade interpolation was performed using the ordinary kriging (OK) technique. The estimated pit constrained mineral resources were classified as Inferred, despite some close drill hole spacing in some zones and the continuity of mineralization as confirmed by variography, mainly because of the lack of substantiated metal recoveries and suspect collar surveys. Table 2 summarizes the update MRE fpr the Silver Hart Project effective as at January 6, 2026.

    Table 2: Silver Hart Project – Pit Constrained Mineral Resources at a Cut-off Grade of AgEq>=50 g/t 

    Mining Method

    Domain

    Mass (Tonnes)

    Average Value

    Material Content

    AgEq g/t

    Ag g/t

    Pb %

    Zn %

    AgEq

    Million oz

    Ag Million oz

    Pb

    Million lb

    Zn

    Million lb

    Open

    Pit

    TM_Zone

    269,000

    229.8

    152.7

    0.56

    1.88

    1.985

    1.319

    3.3

    11.1

    S_Zone

    127,000

    334.5

    262.1

    0.36

    1.90

    1.368

    1.072

    1.0

    5.3

    KL_Zone

    1,026,000

    110.9

    35.7

    0.11

    2.17

    3.659

    1.178

    2.5

    49.0

    K_Zone

    265,000

    79.8

    14.2

    0.09

    1.90

    0.680

    0.121

    0.5

    11.1

    M_Zone

    202,000

    173.6

    98.1

    0.58

    1.82

    1.128

    0.637

    2.6

    8.1

    Total

    1,889,000

    145.2

    71.3

    0.24

    2.03

    8.820

    4.327

    9.9

    84.7

    Notes:

    1.

    The effective date of this mineral resource statement is January 6, 2026.

    2.

    The qualified person responsible for this Mineral Resource Estimate (MRE) is Charley Murahwi, M.Sc., P.Geo., FAusIMM.

    3.

    The mineral resources have been estimated in accordance with the CIM Best Practice Guidelines (2019) and the CIM Definition Standards (2014)

    4.

    Ordinary Kriging (OK) interpolation was used with a single block size of 5m x 5m x 5m.

    5.

    The Economic & Technical parameters/assumptions are summarized in Table 1.1 above.

    6.

    The mineral resource results are presented in-situ within the optimized pit. Mineralized material outside the pit has not been considered as a part of the current MRE.

    7.

    The tonnes and metal contents are rounded to reflect that the numbers are an estimate and any discrepancies in the totals are due to the rounding effects.

    8.

    Mineral resources unlike mineral reserves do not have demonstrated economic viability.

    The report also noted that:

    • All the deposits remain open along strike in both directions and down dip, and, in particular, the largest deposit (KL zone). The likelihood of some of the deposits merging (i.e., K to KL, TM main to H and S to M) cannot be ruled out if a program of step out and infill drilling is implemented.
    • The growth potential for the mineral resource is satisfactory as the deposits remain open for expansion in all directions (i.e., strike in both directions and down dip).
    • Prospects for growing the resource via new discoveries appear favorable based on the fact that several known mineral occurrences and anomalies within the Silver Hart and the adjacent Blue Heaven claims remain to be test drilled for resource evaluation.
    • The early initial metallurgical tests completed previously in 1986 and, in 2006, do not have substantiated documentation regarding representativity and location of the samples and, thus, the need for a fresh start is warranted. Nonetheless, the general response of lead, zinc and silver to flotation in those early tests was generally positive.

    The NI-43-101 MRE report has been filed on its SEDAR+ profile and will soon be published on the Company’s website at www.walkerlaneresources.com

    Kevin Brewer, President and CEO of WLR, commented ‘The MRE is a major milestone in our exploration efforts at Silver Hart. The MRE was estimated at prices much lower than current spot metal prices, which if used in the silver equivalent calculation in the MRE calculation result in an improved silver equivalent grade. You can do the math. As a result, WLR now intends to advance our evaluation of this project to consider a production decision in the short term. Mineralization in all of the zones in the Silver Hart Project start at surface and therefore are expected to be amenable to small scale open pit mining. WLR and its predecessor company CMC Metals Ltd. have been working on this project for 20 years and it is now prepped to take the project to the next stage.’

    Next Steps – Highlights of Proposed 2026 Exploration Program and Preparation of a Preliminary Economic Assessment

    Walker Lane Resources Ltd. also announced that it is preparing to commence planning for the next stage of its exploration program and evaluation of the Silver Hart Project which will contribute to a potential development decision for the project.

    Subject to financing, WLR intends to:

    • Complete 1,500-2,000 meters of exploration drilling to (i) extend the resources on the TM Zone (ii) to conduct infill drilling in the TM Zone with the objective of converting a majority of the inferred resources to indicated resources.
    • Conduct 1,000-1,500 meters of exploratory drilling on known areas of mineralization on the Blue Heaven claims.
    • Metallurgical testing including pre-concentration (ore sorting / dense heavy media separation) assessments.
    • Conduct additional environmental and socio-economic studies to support a possible development application for the project. This is expected to include examining opportunities for partnerships with local First Nations.
    • Initiate a Preliminary Economic Assessment of the project which will include preliminary engineering and a preliminary transportation/logistics analysis.

    Qualified Persons

    The resource evaluation work was completed by Mr. Charley Murahwi, M.Sc. P.Geo., FAusIMM and Richard Gowans, B.Sc, P.Eng of MICON International Limited. Mr. Murahwi conducted a personal inspection of the Silver Hart Project on August 17-20, 2021. Dr. Gloria Lopez, PhD, P.Geo. of Ronacher-McKenzie Geosciences Inc. was a contributing author and conducted a personal inspection of the Silver Hart Project on September 16, 2025. This information release has also been reviewed and approved by the Qualified Persons.

    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 the Tule Canyon (Walker Lane, Nevada) and Amy (Rancheria Silver District, B.C.) 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. Also please feel free to call Kevin at the number below.

    ON BEHALF OF THE BOARD OF DIRECTORS

    Kevin Brewer
    CEO and Director
    Walker Lane Resources Ltd.

    Cautionary and Forward Looking Statements

    This press release and related figures and/or tables, contain certain forward-looking information and forward-looking statements as defined in applicable securities laws (collectively referred to as forward-looking statements). These statements relate to future events or our future performance. All statements other than statements of historical fact are forward-looking statements. The use of any of the words ‘anticipate’, ‘plans’, ‘continue’, ‘estimate’, ‘expect’, ‘may’, ‘will’, ‘project’, ‘predict’, ‘potential’, ‘should’, ‘believe’ ‘targeted’, ‘can’, ‘anticipates’, ‘intends’, ‘likely’, ‘should’, ‘could’  or grammatical variations thereof and similar expressions is intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. These statements speak only as of the date of this presentation. These forward-looking statements include, but are not limited to, statements concerning: our strategy and priorities including certain statements included in this presentation are forward-looking statements within the meaning of Canadian securities laws, including statements regarding the Tule Canyon, Cambridge, Silver Mountain, and Shamrock Properties in Nevada (USA), and its properties including Silverknife and Amy properties in British Columbia, the  Silver Hart, Blue Heaven and Logjam properties in Yukon all of which now comprise the mineral property assets of WLR. WLR has assumed other assets of CMC Metals Ltd. including common share holdings of North Bay Resources Inc. (OTC-US: NBRI) and all conditions and agreements pertaining to the sale of the Bishop mill gold processing facility and remain subject to the condition of the option of the Silverknife property with Coeur Mining Inc. (TSX:CDE). These forward-looking statements reflect the Company’s current beliefs and are based on information currently available to the Company and assumptions the Company believes are reasonable. The Company has made various assumptions, including, among others, that: the historical information related to the Company’s properties is reliable; the Company’s operations are not disrupted or delayed by unusual geological or technical problems; the Company has the ability to explore the Company’s properties; the Company will be able to raise any necessary additional capital on reasonable terms to execute its business plan; the Company’s current corporate activities will proceed as expected; general business and economic conditions will not change in a material adverse manner; and budgeted costs and expenditures are and will continue to be accurate.

    Actual results and developments may differ materially from results and developments discussed in the forward-looking statements as they are subject to a number of significant risks and uncertainties, including: public health threats; fluctuations in metals prices, price of consumed commodities and currency markets; future profitability of mining operations; access to personnel; results of exploration and development activities, accuracy of technical information; risks related to ownership of properties; risks related to mining operations; risks related to mineral resource figures being estimates based on interpretations and assumptions which may result in less mineral production under actual conditions than is currently anticipated; the interpretation of drilling results and other geological data; receipt, maintenance and security of permits and mineral property titles; environmental and other regulatory risks; changes in operating expenses; changes in general market and industry conditions; changes in legal or regulatory requirements; other risk factors set out in this presentation; and other risk factors set out in the Company’s public disclosure documents. Although the Company has attempted to identify significant risks and uncertainties that could cause actual results to differ materially, there may be other risks that cause results not to be as anticipated, estimated or intended. Certain of these risks and uncertainties are beyond the Company’s control. Consequently, all of the forward-looking statements are qualified by these cautionary statements, and there can be no assurances that the actual results or developments will be realized or, even if substantially realized, that they will have the expected consequences or benefits to, or effect on, the Company.

    The information contained in this presentation is derived from management of the Company and otherwise from publicly available information and does not purport to contain all of the information that an investor may desire to have in evaluating the Company. The information has not been independently verified, may prove to be imprecise, and is subject to material updating, revision and further amendment. While management is not aware of any misstatements regarding any industry data presented herein, no representation or warranty, express or implied, is made or given by or on behalf of the Company as to the accuracy, completeness or fairness of the information or opinions contained in this presentation and no responsibility or liability is accepted by any person for such information or opinions. The forward-looking statements and information in this presentation speak only as of the date of this presentation and the Company assumes no obligation to update or revise such information to reflect new events or circumstances, except as may be required by applicable law. Although the Company believes that the expectations reflected in the forward-looking statements and information are reasonable, there can be no assurance that such expectations will prove to be correct. Because of the risks, uncertainties and assumptions contained herein, prospective investors should not read forward-looking information as guarantees of future performance or results and should not place undue reliance on forward-looking information. Nothing in this presentation is, or should be relied upon as, a promise or representation as to the future. To the extent any forward-looking statement in this presentation constitutes ‘future-oriented financial information’ or ‘financial outlooks’ within the meaning of applicable Canadian securities laws, such information is being provided to demonstrate the anticipated market penetration and the reader is cautioned that this information may not be appropriate for any other purpose and the reader should not place undue reliance on such future-oriented financial information and financial outlooks. Future-oriented financial information and financial outlooks, as with forward-looking statements generally, are, without limitation, based on the assumptions and subject to the risks set out above. The Company’s actual financial position and results of operations may differ materially from management’s current expectations and, as a result, the Company’s revenue and expenses. The Company’s financial projections were not prepared with a view toward compliance with published guidelines of International Financial Reporting Standards and have not been examined, reviewed or compiled by the Company’s accountants or auditors. The Company’s financial projections represent management’s estimates as of the dates indicated thereon.

    SOURCE Walker Lane Resources Ltd

    View original content to download multimedia: http://www.newswire.ca/en/releases/archive/January2026/21/c0060.html

    News Provided by Canada Newswire via QuoteMedia

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    Cyprium Metals Limited (ASX: CYM) – Trading Halt

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    Trading in the securities of Cyprium Metals Limited (‘CYM’) will be halted at the request of CYM, pending the release of an announcement by CYM.

    Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of:

    • the commencement of normal trading on Friday, 23 January 2026; or
    • the release of the announcement to the market.

    CYM’s request for a trading halt is attached below for the information of the market.

    Issued by
    ASX Compliance

    Click here for the full ASX Release

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    LAURION Provides Strategic Update for 2026: Advancing Ishkoday through Disciplined Execution

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    (TheNewswire)

    Toronto, Ontario TheNewswire – January 20, 2026 Laurion Mineral Exploration Inc. (TSX-V: LME | OTCQB: LMEFF | FSE: 5YD) (‘LAURION’ or the ‘Company’) is pleased to provide an update on its strategic positioning entering 2026, following a recent strategy session of the Company’s Board of Directors. LAURION’s primary focus for the year ahead is the advancement and further development of its flagship Ishkōday Project, with the objective of enhancing the positioning of the asset to support the Company’s pursuit of strategic alternatives aimed at maximizing long‑term shareholder value.

    ‘Our focus has always been on advancing Ishkōday through disciplined, milestone-driven execution,’ said Cynthia Le Sueur-Aquin, President and CEO of LAURION. ‘This technical direction reflects my conviction that LAURION’s strategy is sound, disciplined, and built to endure. We are no longer relying on the market to infer value — we are building it by translating technical progress and mineral property advancement into measurable project value. As the Company’s largest shareholder, with my immediate family and I holding over 30 million shares, alignment with this approach matters deeply to me.’

    ‘This clarity regarding LAURION’s strategic plan is intended to ensure that investors understand how the Company’s disciplined execution today improves outcomes tomorrow, while avoiding mixed signals between whether the Company is prioritizing a pursuit of strategic alternatives as compared to the technical advancement and development of Ishkōday. They are considered concurrent and complementary priorities.’

    EVALUATION OF STRATEGIC ALTERNATIVES

    As previously announced, LAURION has undertaken a structured strategic review process, including the establishment of a special committee (the ‘Special Committee‘) and the engagement of a network of financial and strategic advisors, to explore a range of potential strategic alternatives for the Company, which includes, among other things, assessing interest from potential acquirers and institutional investors aligned with LAURION’s long-term vision. (LAURION press releases dated November 14, 2023, April 14, 2025, September 5, 2025, October 23, 2025 and November 19, 2025.)

    As part of recent strategic discussions, the Company received feedback from external advisors regarding the Company’s market positioning, timing, and next steps. These advisors noted that, while interest in high-quality Canadian gold assets exists, it remains selective. The most effective way to strengthen future strategic outcomes is through the continued technical advancement and development of the Ishkōday Project. Specifically, these advisors recommended that LAURION advance the Project toward the completion of a technical report expressing a mineral resource estimate (MRE), followed by a subsequent technical report disclosing a preliminary economic assessment (PEA), each prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (‘NI 43-101‘). Therefore, working towards these two technical milestones will be the Company’s principal focus in 2026.

    While LAURION’s M&A infrastructure – comprised of its Special Committee and established network of financial and strategic advisors – remains in place and the Company continues to explore and be receptive to strategic opportunities, day-to-day management will concentrate on advancing the development of the Ishkōday Project through its next stages of technical reporting. Consistent with the guidance provided by the Company’s advisors, the advancement of the Ishkōday Project is expected to further enhance the project’s profile, quantify the merits of the project, and better position LAURION to explore strategic alternatives designed to maximize shareholder value.

    FROM BROAD EXPLORATION TO STRUCTURED VALUE DEFINITION

    LAURION has built an extensive geological and exploration dataset across a large, mineralized corridor at Ishkōday through a series of deliberate, strategically designed work programs. The Company has developed a structure-led, confidence-building technical program designed to support mineral resource development.

    The Company’s technical focus in 2026 will be on integrating this information to identify and progressively refine coherent mineralized envelopes within priority structural corridors, using structurally informed drilling, shoot-fan patterns, and 3D domaining to convert drilling confidence into robust geological models. Near-term drilling will be designed and executed within structurally validated zones and along established plunge directions, with each hole planned to test defined geological hypotheses and contribute directly to model refinement, continuity assessment, and confidence building. This disciplined approach emphasizes data quality and geological consistency, with the objective of ensuring that technical advancement is systematic, defensible, and aligned with NI 43-101. In the Company’s view, by prioritizing technical integrity, LAURION can support near-term target generation and foster future resource growth and value recognition, as this is how the Company intends to increase the underlying value of the project in a manner consistent with how value is traditionally assessed and realized in the mining industry.

    LAURION to Attend VRIC 2026

    LAURION will be attending the Vancouver Resource Investment Conference (VRIC) 2026, to be held in Vancouver, British Columbia, on January 25-26, 2026. Management will be available during the conference to engage with investors and industry participants and to discuss the Company’s ongoing work at the Ishkōday Gold-Polymetallic Project, its disciplined technical approach, and its 2026 execution priorities. Participation in VRIC supports LAURION’s commitment to transparent investor engagement and clear communication aligned with its milestone-driven strategy.

    Qualified Person

    The technical contents of this release were reviewed and approved by Pierre-Jean Lafleur, P.Eng, a consultant to LAURION and a Qualified Person as defined by NI 43-101.

    About LAURION Mineral Exploration Inc.

     

    Laurion Mineral Exploration Inc. is a mid-stage junior mineral exploration company listed on the TSX Venture Exchange under the symbol LME and on the OTC Pink market under the symbol LMEFF. The Company currently has 278,716,413 common shares outstanding, with approximately 73.6% held by insiders and long-term ‘Friends and Family’ investors, reflecting strong alignment between management, the Board, and shareholders.

    LAURION’s primary focus is the 100%-owned, district-scale Ishkōday Project, a 57 km² land package hosting gold-rich polymetallic mineralization. The Company is advancing Ishkōday through a disciplined, milestone-driven exploration strategy focused on strengthening geological confidence, defining structural continuity.

    LAURION’s strategy is centered on deliberate value creation. The Company is prioritizing systematic technical advancement, integrated geological and structural modeling, and the evaluation of optional, non-dilutive pathways, including historical surface stockpile processing, that may support flexibility without diverting focus from core exploration objectives.

    The Company’s overarching objective is to build project value before monetization, ensuring that any future strategic outcomes are supported by technical clarity, reduced execution risk, and demonstrated scale. While the Board remains attentive to strategic interest that may arise, LAURION is not driven by transaction timing. Instead, the Company is focused on advancing the Ishkōday Project in a manner that strengthens long-term shareholder value.

    LAURION will continue to communicate progress through timely disclosure and will issue press releases in accordance with applicable securities laws should any material change occur.

    FOR FURTHER INFORMATION, CONTACT:

    Laurion Mineral Exploration Inc.

    Cynthia Le Sueur-Aquin – President and CEO

    Tel: 1-705-788-9186 Fax: 1-705-805-9256

     

    Douglas Vass – Investor Relations Consultant

    Email: info@laurion.ca

    Website: http://www.LAURION.ca

    Follow us on: X (@LAURION_LME), Instagram (laurionmineral) and LinkedIn ()

     

    Caution Regarding Forward-Looking Information

    This press release contains forward-looking statements, which reflect the Company’s current expectations regarding future events including with respect to LAURION’s business, operations and condition, management’s objectives, strategies, beliefs and intentions, the Company’s ability to advance the Ishkōday Project, the nature, focus, timing and potential results of the Company’s exploration, drilling and prospecting activities in 2026 and beyond, including the Company’s planned activities for the Ishkōday Project for the remainder of 2026, the timing of, and the Company’s ability to complete, any technical reports or milestones regarding the Ishkōday Project, and the statements regarding the Company’s exploration or consideration of any possible strategic alternatives and transactional opportunities, as well as the potential outcome(s) of this process, the possible impact of any potential transactions referenced or inferred herein on the Company or any of its stakeholders, and the ability of the Company to identify and complete any potential acquisitions, mergers, financings or other transactions referenced or inferred herein, and the timing of any such transactions. The forward-looking statements involve risks and uncertainties. Actual events and future results, performance or achievements expressed or implied by such forward-looking statements could differ materially from those projected herein including as a result of a change in the trading price of the common shares of LAURION, the TSX Venture Exchange or any other applicable regulator not providing its approval for any strategic alternatives or transactional opportunities, the interpretation and actual results of current exploration activities, changes in project parameters as plans continue to be refined, future prices of gold and/or other metals, possible variations in grade or recovery rates, failure of equipment or processes to operate as anticipated, the failure of contracted parties to perform, labor disputes and other risks of the mining industry, delays in obtaining governmental approvals or financing or in the completion of exploration, as well as those factors disclosed in the Company’s publicly filed documents. Investors should consult the Company’s ongoing quarterly and annual filings, as well as any other additional documentation comprising the Company’s public disclosure record, for additional information on risks and uncertainties relating to these forward-looking statements. The reader is cautioned not to rely on these forward-looking statements. Subject to applicable law, the Company disclaims any obligation to update these forward-looking statements. All sample values are from grab samples and channel samples, which by their nature, are not necessarily representative of overall grades of mineralized areas. Readers are cautioned to not place undue reliance on the assay values reported in this press release.

    NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICE PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

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