Core Viewpoint - NOVAGOLD Resources Inc. has signed a non-binding Letter of Intent with Glenfarne Alaska LNG for natural gas supply to the Donlin Gold project, which is expected to enhance the project's economic viability and operational efficiency [1][2][3]. Company Overview - NOVAGOLD is focused on developing the Donlin Gold project in Alaska, which is one of the largest and highest-grade undeveloped gold deposits globally, with approximately 39 million ounces of gold in the Measured and Indicated Mineral Resource categories [6][7]. Natural Gas Supply Agreement - The LOI outlines a potential natural gas sales agreement for up to 50 million cubic feet of natural gas per day, aimed at powering the proposed mine and optimizing logistics and costs [2][3]. - Glenfarne's experience in global energy solutions is expected to provide a long-term energy solution for the Donlin Gold project, potentially lowering energy costs for Alaskan consumers [3]. Pipeline Development - The proposed natural gas pipeline will extend 316 miles from an existing pipeline near Beluga, Alaska, to the Donlin Gold mine site, with key federal and state permits already issued [4]. - The Alaska Department of Natural Resources' issuance of the pipeline right-of-way lease has been upheld by the State of Alaska Supreme Court, facilitating the ongoing environmental review process [4]. Feasibility Study Progress - Donlin Gold is advancing the selection of a prime contractor for the Bankable Feasibility Study (BFS), with proposals received from leading engineering firms [5]. - A prime contractor is expected to be selected in the first quarter of 2026, with a detailed timeline and budget for the BFS to be established thereafter [5]. Mineral Resource and Reserve Estimates - The Donlin Gold project is estimated to produce over one million ounces of gold annually over a 27-year mine life once in production, with Proven and Probable Reserves of approximately 8 million tonnes grading 2.32 grams per tonne and 497 million tonnes grading 2.08 grams per tonne, respectively [7][11].

Toronto, Ontario--(Newsfile Corp. - January 7, 2026) - Galleon Gold Corp. (TSXV: GGO) (FSE: 3H90) ("Galleon Gold" or the "Company") provides a summary of its significant achievements in 2025 highlighted by arranging a comprehensive financing strategy, securing key regulatory approvals and initiating critical early-stage development activities at its West Cache Gold Project in Timmins, Ontario (the "Project" or "West Cache"). These milestones were aimed at de-risking the Project and establishing solid groun ...

Core Viewpoint - Galantas Gold Corporation has entered into a share purchase agreement to acquire a 100% ownership interest in the Andacollo Oro Gold Project in Chile, marking a significant strategic move for the company and expected to be classified as a Fundamental Acquisition under TSX Venture Exchange policies [1] Project Overview - The Andacollo Oro Gold Project is located in the Coquimbo Region of Chile, approximately 55 kilometers southeast of La Serena, at an elevation of 1,100 meters, featuring a substantial permitted footprint with mining concessions, land title, and water rights [2] - The project includes existing infrastructure, extensive earthworks, and three leach pads, providing excellent access to services and a skilled workforce [2] Historical Resource Estimates - The historical mineral resource estimate indicates measured and indicated resources of 2.02 million ounces of gold from 130 million tonnes at a grade of 0.48 grams per tonne, with inferred resources of 5.06 million ounces from 358 million tonnes at a grade of 0.45 grams per tonne [3] - The project has a historical production record of 1.12 million ounces of gold from 1998 to 2018, with peak annual production of approximately 135,000 ounces [4] Geological and Technical Aspects - The project features a low-sulphidation epithermal, manto-style gold system, supported by a robust technical database from 1,600 drill holes totaling approximately 190,000 meters [5] - The project is adjacent to the Carmen del Andacollo porphyry copper mine, which produces about 45,000 tonnes of copper per year [6] Strategic Importance - The acquisition is seen as a transformative step for Galantas, enhancing its profile and scale by adding a large-scale, past-producing gold asset with existing infrastructure and a deep technical database [7] - The project offers multiple development pathways and significant exploration potential for additional gold and copper mineralization [8] Transaction Structure - The total cash consideration for the acquisition is structured at US$32 million, with staged payments over four years, reflecting a commitment to capital discipline [12] - The transaction includes the issuance of 91,313,890 common shares to the controlling shareholder of Dragones, representing 19.9% of Galantas' outstanding shares, subject to approvals [12][13] Financial Overview - As of December 31, 2025, Sol, the entity acquiring the project, reported total assets of approximately US$4.28 million and total liabilities of approximately US$4.34 million, resulting in a loss of US$67,521 [10] Exploration Opportunities - The project has significant exploration upside, with potential for grade enhancement through angle-drilling and opportunities to increase resources along strike and down-dip of known mineralization [25] - There are indications of high-grade copper targets and numerous unexplored gold-copper occurrences on the project [26] Conditions to Closing - The completion of the transaction is subject to board approval, regulatory requirements, and shareholder approvals, including minority approval requirements [31][28]

TORONTO--(BUSINESS WIRE)--Trigon Metals Inc. (TSX-V: TM; OTCPK: PNZTF) ("Trigon†or the "Company†) is pleased to announce that it has completed the previously announced transaction (the "Transaction†) with Kamino Minerals Limited (the "Purchaser†) and Horizon Corporation Limited ("Horizon†), an affiliate of the Purchaser, for the sale of Trigon's interest in the Kombat Mine and associated assets to the Purchaser. The Transaction was completed pursuant to a share purchase agreement (the "Share Purchas ...

Prime Minister Carney’s government signed a deal with Ontario to remove duplication in environmental assessments as Canada pushes to develop resources and build projects more quickly https://t.co/MgwdNxbLrv ...

Vancouver, British Columbia--(Newsfile Corp. - December 15, 2025) - Fuerte Metals Corporation (TSXV: FMT) (OTCQB: FUEMF) ("Fuerte" or the "Company") is pleased to announce a partnership with G Mining Services ("GMS") to produce a Feasibility Study ("FS"), perform preliminary engineering for critical-path items, and lead the eventual mine construction for its 100%-owned Coffee Gold project in Canada's Yukon Territory. Fuerte has also engaged WSP to complete a Preliminary Economic Assessment ("PEA") for the ...

Advancing one of the largest undeveloped primary silver assets in the U.S. in a rising silver and critical minerals market. VANCOUVER, British Columbia, Dec. 11, 2025 (GLOBE NEWSWIRE) -- Apollo Silver Corp. (“Apollo Silver” or the “Company”) (TSX.V:APGO; OTCQB:APGOF; Frankfurt:6ZF) is pleased to announce details of its 2026 Exploration and Project Development Program (the “2026 Program”) at the Company’s Calico Silver Project (“Calico” or the “Project”) located in San Bernardino County, California. The 202 ...

Harmony Gold Mining has approved the development of the Eva Copper Project in Northwest Queensland, Australia, following the completion of an updated feasibility study and the final investment decision (FID) by its board. The Eva Copper Project is a 100%-owned, high-margin, long-life asset that is expected to significantly expand Harmony’s copper portfolio. The proposed open-pit mine will have a low strip ratio and is forecast to produce approximately 65,000 tonnes per annum (tpa) of copper in concentrat ...

Core Insights - Heliostar Metals Ltd is advancing its Ana Paula project in Guerrero, supported by a positive Preliminary Economic Assessment (PEA) released in early Q4 2025 [1][6] - The PEA indicates a total recovered production of approximately 875,000 ounces over a nine-year mine life, with an average mill feed of 5.37 g/t gold [1][6] - The project is expected to produce around 101,000 ounces per year at cash costs of approximately US$923 per ounce and an All-In Sustaining Cost (AISC) of about US$1,011 per ounce [1][6] - At a gold price of US$2,400 per ounce, the PEA shows a post-tax Net Present Value (NPV5) of US$426 million and an Internal Rate of Return (IRR) of 28%, with a payback period of 2.9 years [1][6] - Management is focused on engineering, metallurgical work, and a 15,000-meter drill program to upgrade Inferred resources and support a Feasibility Study targeted for mid-2026 [1][6] Financial Performance - The company reported quarterly revenue of US$26.8 million and a net income of US$1.3 million, primarily supported by operations at La Colorada and San Agustin [6] - The path forward includes targeting a feasibility study by mid-2026 and an underground permit amendment in Q1 2026, with early works planned to enable production in 2028 [6]

Financial Data and Key Metrics Changes - Third quarter gold sales nearly doubled over the prior year period to approximately 9,400 ounces, with total revenue from gold sales increasing to approximately $32 million for the quarter, driven by higher ounces sold and a higher average realized gold price of $3,412 per ounce [17][18] - The company reported a net loss of approximately $42 million or $0.05 per share, similar to the prior year period, reflecting the development stage and strategic investment [18] - Cash used in operating activities decreased to approximately $15 million compared to about $24 million in the prior year due to higher gross profit and working capital [18][19] Business Line Data and Key Metrics Changes - At Granite Creek Underground, approximately 15,000 tons of oxide mineralized material were mined at a grade of about 9.8 grams per ton, and approximately 20,000 tons of sulfide material at a grade of about 10.7 grams per ton were mined [8][9] - The stockpile of sulfide material processed by a third-party autoclave was normalized by quarter-end, and gold sold totaled 7,400 ounces for the quarter [8][9] Market Data and Key Metrics Changes - The company continues to recover gold from existing leach pads at Lone Tree and Ruby Hill, with approximately 2,000 ounces recovered and sold in the third quarter [9] Company Strategy and Development Direction - The company aims to create a Nevada-focused mid-tier gold producer, with significant progress made towards key milestones in its development plan [2][3] - A recapitalization plan is underway, with expectations to secure a financing package by mid-2026 to support various phases of the development plan [5][19] - The company is focused on long-term value creation and has initiated a sustainability strategy to attract and retain talent [4][5] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in executing the development plan and unlocking the value of the resource base as the company moves into 2026 and 2027 [22][39] - The company believes it is trading at a deep discount compared to comparable developers, indicating potential for market recognition of its value [23] Other Important Information - The Lone Tree plant refurbishment study is substantially complete, with a construction decision anticipated in the second quarter of 2026 [16] - The company is evaluating ways to accelerate value creation, including a potential pre-feasibility study on Mineral Point [5] Q&A Session Summary Question: Where is the company currently mining and when will it start mining from longer levels in the South Pacific Zone? - The company is mostly mining in the OG Zone and has started the upper zone of the South Pacific. It expects to be around 60% in the South Pacific Zone next year [25][26] Question: What are the steps being taken to process oxide through the Lone Tree plant? - The autoclave can be bypassed with oxide ore, and the company is evaluating the potential for feeding that through as commissioning approaches [28] Question: Regarding the recapitalization plan, is the company reconsidering the disposition of the non-core FAD asset? - The company is evaluating all options for recapitalization, including the potential sale of the FAD asset, but will only proceed if a fair value can be obtained [32][33] Question: What is the expected CapEx for the refurbishment of the Lone Tree autoclave and Archimedes' development in 2026? - The refurbishment is estimated at $400 million, with approximately $175 million expected to be spent in 2026, and Archimedes' development is expected to be about $40 million [34][35]