Vancouver, British Columbia - TheNewswire - February 18, 2026: Headwater Gold Inc. (CSE: HWG) (OTCQX: HWAUF) (the "Company" or "Headwater") is pleased to announce that CSAMT resistivity and ground gravity geophysical surveys are underway at its 100%-owned Jake Creek project in Nevada. The surveys are fully funded pursuant to the earn-in agreement with OceanaGold Corporation (“OceanaGold”) (TSX: OGC, OTCQX: OCANF) (“Oceana”) announced on October 15, 2025.Highlights: CSAMT and Gravity Geophysical Surveys Un ...

Core Viewpoint - Azimut Exploration Inc. has completed the sale of its 50% interest in the Galinée Property to LiFT Power Ltd., receiving a total consideration of approximately $13.4 million, which includes common shares and a deferred payment [2][3]. Group 1: Acquisition Details - LiFT Power acquired Azimut's interest by issuing 2,000,000 common shares and granting Azimut a 1.4% NSR royalty on the Galinée Property [2]. - Azimut is entitled to a deferred payment of $1,500,000, which can be paid in cash or common shares of LiFT, contingent on specific terms [2]. Group 2: Azimut's Current Holdings - Azimut now holds equity interests valued at approximately $15 million in various companies and has generated royalty interests on three lithium properties [3]. - The royalty interests include a 2% NSR on the JBN-57 claim block and a 1% NSR on the Pikwa Property, both associated with PMET Resources' Shaakichiuwaanaan project [3]. Group 3: Strategic Focus - The transactions align with Azimut's strategy to concentrate on its flagship properties, Elmer and Wabamisk, with significant drill programs planned for early 2026 [4]. - The company has announced a total of at least 17,000 meters of drilling, including ongoing and upcoming programs at various zones within its properties [4]. Group 4: Company Overview - Azimut is recognized for its extensive mineral project portfolio in Quebec, focusing on gold, copper, nickel, and lithium [6]. - The company employs a pioneering approach using big data analytics through its proprietary AZtechMine™ expert system, enhancing its exploration capabilities [6].

Vancouver, British Columbia - TheNewswire - February 17, 2026:  Headwater Gold Inc. (CSE: HWG, OTCQX: HWAUF) (the "Company" or "Headwater") is pleased to announce it has graduated from the OTCQB Venture Market to the OTCQX Best Market and begins trading on the OTCQX Market today under the symbol “HWAUF”. The OTCQX Market is designed for established, investor-focused U.S. and international companies. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governanc ...

Core Viewpoint - IAMGOLD Corporation (IAG) is expected to report strong fourth-quarter 2025 results, driven by significant production growth, record sales volumes, and higher realized gold prices, with earnings estimated to surge 470% year-over-year to 57 cents per share [1][6]. Earnings Estimates - The Zacks Consensus Estimate for fourth-quarter earnings has increased over the past 30 days, with current estimates at 57 cents per share, reflecting a 470% year-over-year increase [1][2]. - The earnings estimate trend shows a significant upward revision, with a 50% increase in the current quarter estimate compared to seven days ago and a 38% increase compared to 60 days ago [2]. Production and Performance - IAMGOLD recorded quarterly production of 242,400 ounces, marking a 37.2% year-over-year increase, attributed to improved execution across its diversified asset base, particularly at Côté Gold, Essakane, and Westwood [7][8]. - The continued ramp-up at Côté Gold is crucial for earnings, with rising mill utilization and record output contributing to increased volumes and economies of scale [8]. Cost and Margin Analysis - Cash costs are expected to be near the top end of $1,375–$1,475 per ounce, with all-in sustaining costs (AISC) projected at $1,830–$1,930 per ounce, reflecting an increase from the previous year due to higher unit costs and royalties [10]. - Cost pressures are anticipated to persist, influenced by gold-linked royalties and elevated fuel prices, although higher production volumes may help recover margins [9][10]. Stock Performance and Valuation - IAMGOLD's shares have increased by 208.2% over the past year, outperforming the Zacks Mining – Gold industry and the S&P 500 [11]. - The company is currently trading at a forward 12-month sales multiple of 4.49, representing a 28% premium over the industry average of 3.52 [14]. Strategic Outlook - IAMGOLD is positioned to benefit from the ramp-up of the Côté Gold project and stable performance across its mines, which is expected to drive higher production and improved margins amid elevated gold prices [15][16]. - With major capital spending largely complete, the company is focusing on debt reduction and potential shareholder returns, while exploration efforts in Québec provide long-term growth opportunities [17].

Core Viewpoint - Centerra Gold Inc. (NYSE:CGAU) is recognized as one of the best mining stocks to buy according to Wall Street, with multiple analysts raising their price targets due to favorable market conditions for precious metals [1][6]. Price Target Adjustments - CIBC analyst Luke Bertozzi raised the price target on Centerra Gold Inc. to C$37 from C$30, maintaining an Outperformer rating, driven by increased gold price assumptions to $6,000 per ounce in 2026 and $6,500 in 2027 [2]. - Scotiabank increased its price target for Centerra Gold Inc. to $19 from $13.50, also maintaining an Outperform rating, citing higher gold and silver price assumptions due to macroeconomic uncertainty and ongoing central bank purchases [3]. - Canaccord raised its price target on Centerra Gold Inc. to C$36 from C$31, reiterating a Buy rating, reflecting a positive outlook on precious metals pricing and the company's asset base [3]. Company Operations - Centerra Gold Inc. focuses on the acquisition, exploration, development, and operation of gold and copper assets across North America, Türkiye, and other international markets, with core operations including the Mount Milligan gold-copper mine in British Columbia and the Öksüt gold mine in Türkiye [4].

Core Viewpoint - Metal Energy Corp. has appointed Charlie Greig as CEO, aiming to enhance value from the NIV project in British Columbia's Toodoggone Region, which is considered a promising porphyry copper-gold target [1][10]. Management Change - Charlie Greig, with a distinguished 40-year career in exploration geology, has been appointed as CEO, succeeding James Sykes [3][4]. - Greig's previous experience includes significant roles in the discovery of major mining projects, such as GT Gold's Saddle North and Saddle South [3]. Funding and Investment - Metal Energy is fully funded for 2026, having secured $9.25 million in financing from cornerstone investors Centerra Gold and Teck Resources, each holding 9.9% of the company's shares [5][6]. - This investment was made prior to any drilling at the NIV project, indicating strong confidence in the project's potential [6]. Exploration Plans - The company plans to announce its 2026 exploration program, focusing on high-priority drill targets at the NIV Property, which spans over 12,500 hectares [7][8]. - The NIV project has shown strong geochemical anomalies, with copper levels exceeding 300 ppm and gold levels over 200 ppb across a strike length of more than 5 km [11]. Project Overview - The NIV Property is located approximately 32 km south of Centerra Gold's Kemess mine complex and is fully permitted and drill-ready [8][10]. - The project is part of Metal Energy's portfolio, which includes other high-potential projects such as the Highland Valley and Manibridge projects [12].

新能源及有色金属日报 | 2026-02-11 市场供需两端格局明显 铜价维持震荡格局 期货行情： 2026-02-10，沪铜主力合约开于 101740元/吨，收于 101560元/吨，较前一交易日收盘-0.27%，昨日夜盘沪铜主力 合约开于 101,660元/吨，收于 101,730 元/吨，较昨日午后收盘下降0.13%。 现货情况： 据 SMM 讯，昨日沪铜现货报价区间为贴水40至升水50元/吨，均价升水5元/吨，较前日下跌30元/吨。主力合约2602 早盘冲高回落，收盘报101210元/吨。市场采销情绪双降，上海地区销售情绪指数2.65，采购指数2.55。持货商报价 分化，其中优质品牌因货源紧张报价坚挺，平水铜及非注册品牌则贴水扩大成交。进口维持亏损，隔月价差在350-450 元/吨。展望后市，随着进口货源到港与下游备货结束，市场呈现供需两淡局面。持货商部分惜售待交割，可流通 资源有限，而买方接货意愿低迷，预计现货升水将继续承压。 重要资讯汇总： 地缘方面，美国总统特朗普周二在接受采访时表示，若与伊朗的谈判失败，他正考虑向中东再派遣一个航母打击 群，以为可能的军事行动做准备。美国与伊朗上周五在阿曼重启谈 ...

Core Insights - Cleveland-Cliffs Inc. (CLF) reported a narrower adjusted loss of 43 cents per share for Q4 2025, compared to a loss of 68 cents per share in the same quarter last year, and better than the Zacks Consensus Estimate of a loss of 62 cents [1][7] - Revenues for the quarter were approximately $4,313 million, remaining flat year over year, but missing the Zacks Consensus Estimate of $4,620.9 million [1][7] Operational Highlights - Steelmaking revenues were around $4.15 billion for Q4, reflecting a decrease of about 0.3% year over year [2] - The average net selling price per net ton of steel products was $993, which is an increase of approximately 2% year over year, but fell short of the consensus estimate of $1,004 [2] - External sales volumes for steel products were approximately 3.77 million net tons, down around 1.5% year over year, and also below the consensus estimate of 4.01 million net tons [3] Financial Position - As of the end of Q4, the company had cash and cash equivalents of $57 million, a decrease of about 14% from the prior quarter [4] - Long-term debt decreased by 10% sequentially to $7,253 million, with total liquidity standing at $3.3 billion as of December 31, 2025 [4] Outlook - For the full year 2026, the company expects capital expenditures to be approximately $700 million and SG&A expenses to be around $575 million [5] - CLF aims for steel unit cost reductions of about $10 per net ton from 2025 levels, with projected depreciation, depletion, and amortization expenses of roughly $1.1 billion [5] Price Performance - Over the past year, CLF shares have increased by 8.9%, while the industry has seen a rise of 58.6% [6]

Core Insights - ArcelorMittal S.A. reported a fourth-quarter 2025 net income of $177 million, or 23 cents per share, a significant improvement from a loss of $390 million, or 51 cents per share, in the same quarter last year [2] - Adjusted earnings were 86 cents per share, exceeding the Zacks Consensus Estimate of 56 cents [2] - Total sales increased by approximately 2% year over year to $14,971 million, although this figure fell short of the consensus estimate of $15,760.7 million [2] Financial Performance - Total steel shipments decreased by 4% year over year to 13 million metric tons, missing the consensus estimate of 14.5 million metric tons [3] - In North America, sales rose by 16% year over year to $3,045 million, while crude steel production fell by 4.2% to 1,804 million metric tons [4] - Brazil saw a slight sales increase of 0.4% year over year to $2,901 million, with crude steel production rising by 3.1% to 3,636 million metric tons [5] - European sales declined by around 6% year over year to $6,736 million, with crude steel production down nearly 17% to 6,398 million metric tons [6] - Mining segment sales surged by 29% year over year to $908 million, with iron ore production totaling 10.1 million metric tons, up approximately 13.5% [7] Cash and Debt Position - At the end of the reported quarter, cash and cash equivalents stood at $5,476 million, down from $5,733 million in the previous quarter, with net debt around $7.9 billion [8] Future Outlook - The company anticipates global steel demand, excluding China, to improve in 2026, with apparent steel consumption projected to grow around 2% year over year [9] - ArcelorMittal plans to invest $4.5 to $5.0 billion in capital expenditures during 2026 to enhance capacity and efficiency, targeting medium- and long-term structural demand drivers [11] Stock Performance - ArcelorMittal's shares have increased by 105.6% over the past year, contrasting with a 58.7% decline in the industry [14]

Core Insights - General Fusion Inc. has appointed Wendy Kei as a strategic advisor to enhance public company readiness and financial reporting oversight as it prepares for a public listing through a business combination with Spring Valley Acquisition Corp. III [1][8] Company Overview - General Fusion is a leader in the pursuit of commercial fusion energy, focusing on practical and cost-effective solutions to overcome traditional barriers to commercialization [2][7] - The company has developed Magnetized Target Fusion (MTF) technology, which aims to produce cost-effective energy without the need for superconducting magnets or high-powered lasers [7] - General Fusion's first fusion demonstration machine, Lawson Machine 26 (LM26), was designed and built in under two years, achieving a commercially relevant scale [7] Leadership and Expertise - Wendy Kei brings over 30 years of experience in public company financial governance, having held leadership roles in various industries, including energy [2][4] - Her previous positions include Chief Financial Officer of Dominion Diamond Corporation and Chair of the Audit Committee for Centerra Gold Inc. [2][4] - General Fusion's CEO, Greg Twinney, emphasized that Kei's strategic perspective and experience in complex transactions will be crucial for the company's next phase towards commercialization [3]