Vancouver, BC, Canada, Feb. 19, 2026 (GLOBE NEWSWIRE) -- WestKam Gold Corp. (TSXV:WKG) (the “Company” or “WestKam”) announces that it has negotiated debt settlements with arm’s length and non-arm’s length creditors.  Pursuant to the debt settlements, and subject to acceptance by the TSX Venture Exchange (the “TSXV”), the Company proposes to settle aggregate debt of $260,000 in consideration for which it will issue an aggregate of 2,476,189 common shares at a deemed price of $0.105 per share.  Any shares iss ...

Core Viewpoint - Copper Quest Exploration Inc. has entered into a securities for debt settlement agreement to settle a debt of $113,405.28 through the issuance of 872,348 units at a deemed price of $0.13 per unit, which includes common shares and warrants [1][2]. Debt Settlement Agreement - The company will issue 872,348 units, each consisting of one common share and one share purchase warrant, to settle a debt of $113,405.28 [2]. - Each warrant is convertible into an additional share at an exercise price of $0.165 and will expire two years after issuance, with potential acceleration of the expiry date if the share price exceeds $0.50 for ten consecutive trading days [2]. Regulatory Approval - The agreement and the issuance of securities are subject to approval by the Canadian Securities Exchange (CSE) [3]. - The securities will be subject to a hold period of four months and one day in accordance with CSE policies and applicable securities laws [3]. Company Overview - Copper Quest holds interests in seven projects covering over 45,000 hectares in Canada and the USA, focusing on building shareholder value through acquisitions and exploration [4]. - The company has a 100% interest in several properties, including the Alpine Gold Mine, Stars Porphyry Copper-Molybdenum Property, Kitimat Copper-Gold Property, Nekash Copper-Gold Project, Stellar Property, and Thane Project, showcasing significant mineralization potential [5][6][7][8][9]. Project Highlights - The Alpine Gold Mine has a historical inferred resource of 268,000 tonnes, estimated to contain 142,000 ounces of gold [5]. - The Stars Property has drill intersection highlights of 0.466% Cu over 195.07m, indicating strong copper mineralization potential [6]. - The Kitimat Copper-Gold Property has historical drill results showing intersections of up to 1.03 g/t Au and 0.54% Cu over significant lengths [7].

Core Viewpoint - Nexus Uranium Corp. has entered into a debt settlement agreement to settle $81,000 in outstanding debt by issuing approximately 42,408 common shares at a deemed price of $1.91 per share [1][2]. Group 1: Debt Settlement Details - The debt settlement aims to preserve cash for working capital and improve the company's financial position by reducing existing liabilities [2]. - The debt settlement is expected to close shortly, subject to customary closing conditions and regulatory approvals [2]. - The shares issued in the debt settlement will be subject to a four-month hold period in accordance with Canadian securities laws [3]. Group 2: Company Overview - Nexus Uranium is a Canadian exploration company focused on uranium projects in North America, holding several projects in South Dakota and Wyoming, as well as the Mann Lake project in Saskatchewan's Athabasca Basin [4].

Core Viewpoint - Metalite Resources Inc. has successfully closed a non-brokered private placement, raising a total of $735,100 through the sale of 4,900,669 units, which will be used for working capital and general corporate purposes [1][3]. Group 1: Private Placement Details - Each unit was sold at a price of $0.15, consisting of one common share and one-half of a common share purchase warrant, with the warrant exercise price set at $0.25, expiring on February 9, 2028 [2]. - The company paid cash finder's fees totaling $12,960 and issued 86,400 broker warrants as part of the private placement [3]. - The private placement is subject to final acceptance by the Canadian Securities Exchange, and all securities issued are subject to a hold period of four months and one day from the date of issuance [7]. Group 2: Debt Settlement - Concurrently with the private placement, the company issued 2,352,277 common shares at a deemed price of $0.15 to settle $352,842 of indebtedness owed to senior management and other service providers [4]. - Following the completion of the private placement and debt settlement, the total number of common shares issued and outstanding is 10,356,459 [4]. Group 3: Shareholder Approval - The private placement and debt settlement required disinterested shareholder approval due to the issuance exceeding 100% of the currently issued shares, which was obtained through a consent resolution on January 27, 2026 [5]. - Certain insiders participated in the private placement, subscribing for 133,333 units for gross proceeds of $20,000, and were also issued 53,333 common shares as part of the debt settlement [6]. Group 4: Company Overview - Metalite Resources Inc. is a Canadian junior mineral exploration issuer focused on precious metals projects in New South Wales, Australia [8].

 VANCOUVER, BC – February 9, 2026 – TheNewswire - CleanGo Innovations Inc. (CSE: CGII; OTCQB: CLGOF; FRA: APO2) (“CleanGo” or the “Company”), a pioneer in proprietary green chemistry and sustainable industrial solutions, is pleased to announce that it has entered into debt settlement agreements (the “Agreements”) with certain vendors, including directors and officers of the Company, to settle an aggregate indebtedness of $308,801 (the “Debt”). Pursuant to the Agreements, the Company will issue an aggregate ...

Core Viewpoint - Euromax Resources Ltd. has completed the issuance of 34,965,342 common shares to Galena Resource Equities Limited as part of a debt settlement agreement, repaying US$804,000 in outstanding debt [1][3]. Group 1: Transaction Details - The common shares were issued at a deemed offering price of C$0.0325 per share, totaling C$1,136,373.60 [1]. - The transaction is subject to a hold period of four months and one day, expiring on June 6, 2026, in accordance with TSX Venture Exchange policies [2]. - The transaction does not materially affect control of the company, with Galena being a related party [3]. Group 2: Ownership Changes - Prior to the transaction, Galena owned 520,589,314 common shares, representing approximately 56.38% ownership [5]. - After the transaction, Galena's ownership increased to 555,554,656 common shares, representing 57.97% ownership, an increase of 1.59% [6]. Group 3: Regulatory Compliance - The company will file a material change report regarding the transaction within the prescribed timeline [4]. - The transaction was conditional on receiving approval from the TSXV, which delayed the issuance of a material change report [4].

Core Viewpoint - Metalite Resources Inc. is increasing its non-brokered private placement due to strong investor demand, raising total gross proceeds from $465,000 to $700,000 [1] Private Placement Details - The private placement will consist of units priced at $0.15 each, with each unit comprising one common share and one-half of a common share purchase warrant [4] - The warrants will allow holders to purchase one common share at a price of $0.25, with an expiry date two years from issuance, subject to acceleration if the share price exceeds $0.50 for ten consecutive trading days [4] Debt Settlement - Concurrently, the company plans to settle $352,842 of debt by issuing 2,352,277 common shares at a deemed price of $0.15 per share [2] - The debt settlement is part of a strategy to manage obligations to senior management and advisors [2] Closing Timeline - The private placement and debt settlement are expected to close around February 9, 2026 [3] Use of Proceeds - The net proceeds from the private placement will be utilized for working capital and general corporate purposes [6] Shareholder Approval - Due to the issuance exceeding 100% of the currently outstanding common shares, shareholder approval is required before the issuance of certain shares and warrants [6] - The company intends to obtain this approval through written consent from a majority of shareholders [6] Insider Participation - Certain insiders are expected to participate in the private placement, which is classified as a related party transaction [7] - The company will rely on exemptions from formal valuation and minority approval requirements, as the participation does not exceed 25% of the company's market capitalization [7] Company Overview - Metalite Resources Inc. is a Canadian junior mineral exploration issuer focused on precious metals projects in New South Wales, Australia [8]

Core Viewpoint - Sylla Gold Corp. plans to settle $374,850 of debt by issuing 6,243,000 common shares at a price of $0.06 per share, subject to a four-month hold period and final acceptance by the TSX Venture Exchange [1]. Group 1: Debt Settlement Details - The debt settlement involves the issuance of 6,243,000 common shares at $0.06 each, totaling $374,850 [1]. - The transaction is classified as a "related party transaction," with insiders receiving 3,457,000 common shares [2]. - The company is relying on exemptions from certain requirements of Multilateral Instrument 61-101 due to financial difficulties [2]. Group 2: Approval and Governance - The debt settlement was approved by independent board members, excluding two directors [3]. - No special committee was formed for this transaction, and no dissenting opinions were expressed by the board [3].

Core Viewpoint - Troy Minerals Inc. plans to settle $348,000 of outstanding debt by issuing 2,784,000 common shares at a price of $0.125 per share, aiming to preserve cash for working capital and improve its financial position by reducing liabilities [1]. Financial Summary - The total amount of debt to be settled is $348,000 [1]. - The company will issue 2,784,000 common shares at a deemed price of $0.125 per share [1].

Core Viewpoint - Reflex Advanced Materials Corp. has entered into debt settlement agreements totaling $420,000 through the issuance of 2,800,000 units at a price of $0.15 per unit, which includes common shares and warrants [2][3]. Debt Settlement Agreements - The company will settle debts amounting to $420,000 by issuing 2,800,000 units, each consisting of one common share and one share purchase warrant [2]. - Each warrant can be converted into one share at a price of $0.20 for a period of two years [2]. Related Party Transaction - One of the agreements is classified as a "related party transaction" as it involves a company owned by an officer of Reflex [3]. - The company is relying on exemptions from certain requirements under Multilateral Instrument 61-101, as the fair market value of the transaction does not exceed 25% of the company's market capitalization [3]. Regulatory Approval - The agreements and the issuance of securities are subject to approval from the Canadian Securities Exchange (CSE) [4]. - The securities will be subject to a hold period of four months and one day in accordance with applicable securities laws [4]. Company Overview - Reflex Advanced Materials Corp. is a mineral exploration company based in British Columbia, focused on developing economic mineral properties in strategic metals and advanced materials [5]. - The company aims to enhance domestic specialty mineral infrastructure to meet the increasing demand from North American manufacturers [5].