Vancouver, British Columbia--(Newsfile Corp. - February 10, 2026) -  Metalsource Mining Inc. (CSE: MSM) (OTCQB: SFRIF) (FSE: E9Z) (the "Company") is pleased to announce that, further to its press release earlier today, it has increased its non-brokered private placement financing by $3,000,000, increasing the number of units from up to 10,050,000 units to up to 14,050,000 units in the capital of the Company (each, a "Unit") at a price of $0.75 per Unit, for gross proceeds of up to $10,537,500 (the "Offerin ...

Vancouver, British Columbia--(Newsfile Corp. - February 10, 2026) - Metalsource Mining Inc. (CSE: MSM) (OTCQB: SFRIF) (FSE: E9Z) (the "Company") is pleased to announce a non-brokered private placement financing of up to 10,050,000 units in the capital of the Company (each, a "Unit") at a price of $0.75 per Unit, for gross proceeds of up to $7,537,500 (the "Offering"), which shall have one sole placee.Each Unit purchased will include one common share and one-half of one transferable common share purchase wa ...

Core Thesis - MSC Industrial Direct Co., Inc. (MSM) is viewed as a compelling investment opportunity in the industrial distribution sector, particularly in metalworking and maintenance, repair, and operations (MRO) products across multiple regions [3][6]. Company Overview - MSM has a long-standing history dating back to 1941 and benefits from a narrow economic moat due to its cost advantage [3]. - The company serves a diverse client base, including individual machine shops, manufacturing companies, and government agencies, which provides a resilient footprint in industrial supply chains [3]. Financial Performance - The business is cyclical and exposed to manufacturing trends, but disciplined management has achieved mid-teens returns on invested capital and maintained returns above its cost of capital [4]. - Recent revenue and EPS growth have been muted; however, MSM continues to generate positive free cash flow and maintains mid-single-digit profit margins, indicating operational stability [5]. Shareholder Value - Share repurchase programs have supported shareholder value, with nearly half a million shares bought back in fiscal 2025 to offset dilution [4]. - The dividend-paying nature of MSM adds an attractive income component for investors seeking yield and long-term growth potential [5]. Valuation and Investment Potential - MSM's shares appear undervalued relative to its market presence and cash-generating capabilities, making it a conservative yet bullish investment opportunity [6]. - The potential upside from operational leverage, continued buybacks, and sustained free cash flow generation positions MSM as a noteworthy pick in the small-cap industrials space [6].

Company Overview - Dolby Laboratories, Inc. is a prominent player in the audio and imaging industry, recognized for its innovative sound technologies across various platforms including cinemas, home theaters, PCs, mobile devices, and games [1] Financial Performance - Dolby has a Return on Invested Capital (ROIC) of 8.28% and a Weighted Average Cost of Capital (WACC) of 7.90%, resulting in a ROIC to WACC ratio of 1.05, indicating efficient capital utilization with potential for improvement compared to peers [2] - NETGEAR, Inc. has a negative ROIC of -7.78% against a WACC of 8.91%, leading to a ROIC to WACC ratio of -0.87, highlighting inefficiencies in capital utilization [3] - Morningstar, Inc. exhibits a strong ROIC of 15.33% and a WACC of 8.43%, resulting in a ROIC to WACC ratio of 1.82, indicating high efficiency in generating returns over its cost of capital, outperforming Dolby and other peers [4] - Copart, Inc. has a ROIC of 14.43% and a WACC of 8.98%, yielding a ROIC to WACC ratio of 1.61, while MSC Industrial Direct shows a ROIC of 11.46% and a WACC of 7.32%, with a ratio of 1.57, both surpassing Dolby's efficiency [5]

Group 1 - Metalsource Mining Inc. has entered into an amending agreement with Independent Trading Group, increasing the monthly fee from $5,000 to $6,500 [1] - The original agreement with ITG was established in October 2024, and all other terms remain unchanged [1] - ITG and Metalsource are unrelated entities, with no interests in each other's securities at the time of the agreement [1] Group 2 - Metalsource Mining Inc. is focused on the acquisition, exploration, and development of mineral property assets [2] - The company's objective is to locate and develop economic precious and base metal properties, specifically conducting exploration on the Aruba Property [2] - The Aruba Property spans 4,663 square kilometers in Botswana's Kalahari Desert, with potential for platinum group metals, gold, silver, and manganese [2]

Core Viewpoint - Metalsource Mining Inc. is advancing its diamond drilling program at the Silver Hill Project in North Carolina, with promising results indicating significant sulphide mineralization [1][2]. Drilling Results - Drill hole SH26-07 intersected a broad zone of mineralization between approximately 129.85m and 155.45m, featuring multiple intervals of semi-massive to massive sulphides, including sphalerite, galena, and pyrite [3][6]. - Drill hole SH26-08 has intersected sulphide mineralization starting at approximately 185m to 191m, with an apparent thickness of 6m and an estimated true thickness of 4m, located south of historic underground workings [4][6]. Geological Context - The Silver Hill Project is situated in the Carolina Terrane, characterized by volcaniclastic and volcano-sedimentary rocks of Neoproterozoic and Cambrian age, with mineralization extending to 550m from the surface [9]. - Recent surface sampling has yielded high-grade results, including 444g/t Ag, 17.7g/t Au, 8.61% Pb, and 0.507% Zn from drill hole SH25-003 [9]. Ongoing Exploration - The current drilling program aims to test down-dip and along-strike extensions of the mineralized system, with plans for step-out drilling to evaluate continuity and scale [6][7]. - Core processing is ongoing, with logging, sampling, and laboratory analysis in progress to determine the economic significance of the identified mineralization [6][7].

Financial Data and Key Metrics Changes - The meeting confirmed that 55,791,582 shares of Class A common stock were outstanding as of the record date, with each share entitled to one vote [4] - The proposals presented at the meeting required a majority vote to pass, which was achieved for all items [22] Business Line Data and Key Metrics Changes - No specific financial data or key metrics related to individual business lines were discussed during the meeting Market Data and Key Metrics Changes - No specific market data or key metrics were provided during the meeting Company Strategy and Development Direction and Industry Competition - The company continues to prioritize good corporate governance practices, as evidenced by the appointment of Ernst & Young as the independent registered public accounting firm since 2002 [12] - The company is focused on maintaining shareholder engagement and considering their opinions in future compensation decisions for executive officers [15][16] Management's Comments on Operating Environment and Future Outlook - Management did not provide specific comments on the operating environment or future outlook during this meeting Other Important Information - The meeting was held virtually, allowing shareholders to vote online and submit questions [1] - The company proposed to increase the number of shares available under the Associate Stock Purchase Plan by 300,000 shares and extend the plan's term for an additional five years [18] Summary of Q&A Session Questions and Answers - There were no questions submitted by shareholders during the Q&A session [20][21]

Financial Data and Key Metrics Changes - The meeting discussed the election of directors, ratification of Ernst & Young as the independent registered public accounting firm for fiscal year 2026, and approval of executive compensation on an advisory basis [8][21] - A total of 55,791,582 shares of Class A common stock were outstanding as of the record date [4] Business Line Data and Key Metrics Changes - No specific business line data or key metrics were provided in the meeting [0] Market Data and Key Metrics Changes - No specific market data or key metrics were provided in the meeting [0] Company Strategy and Development Direction - The company aims to maintain good corporate governance practices by submitting the appointment of Ernst & Young for ratification, despite it not being required [13] - The company plans to increase the number of shares available under the Associate Stock Purchase Plan by 300,000 shares and extend the plan's term for an additional five years [17] Management Comments on Operating Environment and Future Outlook - Management did not provide specific comments on the operating environment or future outlook during this meeting [0] Other Important Information - The meeting was held virtually, allowing shareholders to vote online and submit questions [1][19] - The inspector of elections reported that a majority of votes were cast in favor of all proposals presented [21] Q&A Session Summary - There were no questions submitted by shareholders during the Q&A session [19][20]

Financial Data and Key Metrics Changes - The meeting confirmed that 55,791,582 shares of Class A common stock were outstanding as of the record date, with each share entitled to one vote [4] - The board of directors confirmed a quorum was present for the meeting, indicating sufficient shareholder participation [6] Business Line Data and Key Metrics Changes - No specific financial data or key metrics related to individual business lines were discussed in the meeting Market Data and Key Metrics Changes - No specific market data or key metrics were provided during the meeting Company Strategy and Development Direction and Industry Competition - The company continues to prioritize good corporate governance practices, as evidenced by the nomination of a majority of independent directors [9] - The appointment of Ernst & Young as the independent registered public accounting firm for fiscal year 2026 was ratified, reflecting the company's commitment to maintaining high standards in financial reporting [13] Management's Comments on Operating Environment and Future Outlook - Management did not provide specific comments on the operating environment or future outlook during this meeting Other Important Information - The meeting included proposals for the election of directors, ratification of the independent auditor, advisory approval of executive compensation, and an amendment to the stock purchase plan [7][8] - The amendment to the stock purchase plan will increase the number of shares available for sale by 300,000 and extend the plan's term for an additional five years [18] Summary of Q&A Session Questions and Answers - There were no questions submitted during the Q&A session, and the meeting proceeded directly to voting on the proposals [20][21]

Core Viewpoint - Metalsource Mining Inc. has appointed Adam Falkoff as a Director, bringing over 20 years of experience in public policy, diplomacy, and business development to the company [1][2]. Group 1: Appointment and Experience - Adam Falkoff has advised high-profile leaders including CEOs of Fortune 100 companies and U.S. Presidents, showcasing his extensive experience in both public and private sectors [1][2]. - Falkoff's background includes senior executive roles at CapitalKeys, Amazon, and Microsoft, as well as serving as a U.S. Public Diplomacy Envoy [2]. - He holds multiple degrees including a BA from Duke University and an MBA from the Thunderbird School of Global Management, along with a Certificate in International Law [4]. Group 2: Company Insights - The CEO of Metalsource Mining expressed enthusiasm about Falkoff's appointment, highlighting his unique combination of policy experience and understanding of critical minerals [5]. - Falkoff emphasized the historical significance of the company's silver mine, which was the source of silver for the nation's first silver coin, and its relevance in modern industry [5]. - The company has granted Falkoff 450,000 incentive stock options at an exercise price of $1.14 per share, with a vesting period of one year [5]. Group 3: Company Overview - Metalsource Mining Inc. is focused on advancing high-potential mineral assets through systematic exploration and value-driven discovery [6].