All amounts are in Canadian Dollars unless otherwise noted Continue Reading Figure 1: After-Tax Cash Flow (FCF) (CNW Group/Mayfair Gold Corp.) Figure 2: Annual gold production and AISC (CNW Group/Mayfair Gold Corp.) Figure 3: Gold Production Profile (CNW Group/Mayfair Gold Corp.) Figure 4: Mined Tonnage by Material Type6 (CNW Group/Mayfair Gold Corp.) Figure 5: Strip Ratio (CNW Group/Mayfair Gold Corp.) Figure 6: Fenn-Gib Ultimate Pit Design with Phases Source: AGP, 2025. (CNW Group/Mayfair Gold Corp.) Figu ...

Vancouver, British Columbia, Jan. 08, 2026 (GLOBE NEWSWIRE) -- Surge Copper Corp. (TSXV: SURG) (OTCQB: SRGXF) (Frankfurt: G6D2) (“Surge” or the “Company”) is pleased to report results from its 2025 multidisciplinary drilling and field program at the 100%-owned Berg Project in central British Columbia. The program was designed to advance Berg toward completion of a Pre-Feasibility Study (“PFS”) planned for H1-2026 (see November 19, 2025 press release), and was successfully executed with a focus on resource c ...

Core Insights - Namibia Critical Metals Inc. announced the results of its Pre-Feasibility Study for the Lofdal Heavy Rare Earths Project, indicating significant potential for production of dysprosium, terbium, and yttrium, which are key economic drivers for the project [1] Company Summary - The company is focused on the Lofdal Heavy Rare Earths Project located in Namibia, which is expected to yield substantial quantities of critical rare earth elements [1] Industry Summary - The Lofdal deposit is positioned to contribute significantly to the supply of heavy rare earth elements, which are increasingly important in various high-tech applications and industries [1]

TORONTO, Dec. 03, 2025 (GLOBE NEWSWIRE) -- Emerita Resources Corp. (TSX – V: EMO; OTCQB: EMOTF; FSE: LLJA) (the “Company” or “Emerita”) is pleased to announce it has awarded the contract for completion of the Iberian Belt West (IBW) Pre-Feasibility Study (PFS) to SLR Consulting Limited (formerly Wardell Armstrong) (“SLR”). The PFS will be designed to meet NI 43-101 requirements. Wardell Armstrong, which was acquired by SLR in October 2024, has been the Qualified Person (QP) responsible for the Mineral Resou ...

Core Viewpoint - Silver One Resources Inc. is advancing its Candelaria project in Nevada directly to a Pre-Feasibility Study (PFS), which is a significant step towards development, while also enhancing its Phoenix Silver project in Arizona, indicating a potentially impactful year ahead in 2026 [2][4]. Candelaria Project - The Candelaria project has an in-ground mineral resource of 108.18 million ounces of silver equivalent in the Measured and Indicated categories and 29.46 million ounces in the Inferred category [3]. - The company is moving towards completing a PFS, which will provide a more detailed and robust evaluation than a Preliminary Economic Assessment (PEA) [4]. - Additional metallurgical testing is planned to optimize gold and silver recoveries, and the heap leach pad resources will be upgraded to Measured and Indicated [4][6]. - Mine planning, production scheduling, and preliminary engineering have been mostly completed, with a resource update of leach pads expected in Q1 2026 [4][7]. Phoenix Silver Project - The Phoenix Silver project is undergoing an Induced Polarization (IP) survey to define copper-silver targets, which has faced delays due to severe weather conditions [8][9]. - The IP survey aims to test two priority porphyry targets in the southern part of the property, which are near significant copper mining operations [9]. - High-grade silver exploration in the 417 area has shown anomalous silver with copper, lead, and zinc values, although extremely high-grade massive silver was not encountered [10][11]. - Ground penetrating radar (GPR) and drone magnetometer surveys are planned to better define silver targets, with potential follow-up gravity surveys if warranted [11][17]. Future Plans - The Pre-Feasibility Study for Candelaria is estimated to be completed in Q2-Q3 2026, with a Plan of Operations scheduled for H2 2026 [16]. - The IP/MT survey at Phoenix Silver is expected to be completed by the end of December 2025, with final interpretations to follow in early 2026 [17].

Core Viewpoint - Blue Sky Uranium Corp. has completed a comprehensive Gap Analysis for the Ivana Uranium-Vanadium Deposit, providing a strategic roadmap for advancing the project towards potential uranium production [1][4]. Summary by Sections Gap Analysis Overview - The Gap Analysis was conducted by M3 Engineering & Technology Corporation and aims to identify areas needing additional data to support the Pre-Feasibility Study (PFS) and Feasibility Study (FS) [2][5]. - The analysis outlines a timeline of approximately 24 months and an estimated budget of US$13.5 million for completing the necessary steps [3][5]. Project Details - The Ivana deposit has a Mineral Resource Estimate (MRE) of 19.7 million tonnes at 0.039% UO and 0.019% VO in the Indicated category, and 5.6 million tonnes at 0.031% UO and 0.019% VO in the Inferred category [5]. - The Preliminary Economic Assessment (PEA) indicates an initial mine life of 11 years, requiring a capital expenditure of US$159.7 million, with an estimated all-in sustaining cost of US$24.95 per pound UO [5]. Technical and Environmental Framework - The Gap Analysis confirms strong baseline technical work, favorable metallurgy, and clear permitting pathways for the Ivana project [6]. - Key milestones include a total estimated cost of US$11.4 million for technical, environmental, and permitting studies, plus a contingency of US$2.05 million, totaling US$13.45 million [8]. Timeline and Milestones - The analysis outlines a structured timeline for advancing the project, including: - Q4 2025: Metallurgical lab selection and sample shipment - Q2 2026: Preliminary metallurgical results - Q3 2026: Completion of PFS - Q2 2027: Final metallurgical test report and FS completion - Q3 2027: Submission of Environmental Impact Assessment [12].

Core Viewpoint - Tartisan Nickel Corp. has engaged Rodren Drilling Ltd. to conduct a drill program at its Kenbridge Nickel-Copper-Cobalt Deposit, aiming to advance the project towards an updated Mineral Resource Estimate and a Pre-Feasibility Study [1][2][3] Company Overview - Tartisan Nickel Corp. is a Canadian-based exploration and development company focused on critical metals, owning the Kenbridge Nickel Project, Night Danger Turtle Pond project, and Sill Lake Silver Property [4] Drill Program Details - The Phase 1 drill program will involve 3600 meters of diamond drilling across priority targets, focusing on converting Inferred resources into Measured and Indicated categories and exploring potential extensions of high-grade Ni-Cu mineralization at depth [2][8] - Mobilization to the Kenbridge site is scheduled for December 2025 [8] Contractor Engagement - The company has retained Rodren Drilling Ltd., a respected contractor with significant experience in Ontario's mining districts, marking an important milestone in advancing the Kenbridge project [3]

Core Viewpoint - Surge Copper Corp. is advancing its Pre-Feasibility Study (PFS) for the 100% owned Berg Project in British Columbia, marking a significant step in the project's development and potential mineral reserve declaration [1][5]. Project Development - The PFS is progressing into full design and cost estimation, with completion expected in the middle of the first half of 2026 [2]. - The PFS will integrate recent drilling, metallurgical, geotechnical, and environmental datasets to update the mineral resource estimate and improve the mine plan [4]. - The PFS is essential for future advancement activities, including initial mineral reserve declaration and Environmental Assessment (EA) readiness [4]. Technical Advancements - The company has completed trade-off studies and finalized key design decisions on throughput and power connection [2]. - Since the 2023 Preliminary Economic Assessment (PEA), the drilling inventory has increased from approximately 54,384 meters in 210 holes to 64,574 meters in 237 holes, enhancing confidence in grade continuity [7]. - A comprehensive metallurgical testwork program has shown improvements in copper and molybdenum recovery expectations compared to PEA assumptions [9]. Engineering and Consulting Engagement - Ausenco Engineering Canada ULC has been appointed as the lead consultant for the PFS, focusing on process plant design and overall report preparation [6]. - Moose Mountain Technical Services Inc. will lead mineral resource estimation and open pit design [6]. Environmental and Indigenous Engagement - Surge is conducting environmental baseline studies to support future permitting and project design, including water quality, wildlife surveys, and socio-economic assessments [11]. - The company emphasizes responsible project design and early alignment with Indigenous Nations and the BC Environmental Assessment process [12]. Policy and Fiscal Environment - The policy and fiscal environment for critical mineral development in British Columbia is evolving positively, with increased support for critical minerals and proposed tax changes to enhance competitiveness [13].

Core Insights - Mayfair Gold Corp. reported its operating and financial results for Q3 2025, focusing on the Fenn-Gib gold project in Northeast Ontario [1][2] - The company completed a $40 million LIFE Offering to fund the advancement of the Fenn-Gib project, including permitting and engineering [2] - A Pre-Feasibility Study (PFS) for a 4,800 tpd open pit operation is underway, with completion expected in Q4 2025 [2][8] Financial Highlights - For the three months ended September 30, 2025, the company reported a loss of CAD 2,241,177 compared to CAD 1,434,837 in the same period of 2024 [7] - The loss per share for Q3 2025 was CAD 0.02, an increase from CAD 0.01 in Q3 2024 [7] - As of September 30, 2025, cash and cash equivalents totaled CAD 41,814,681, significantly up from CAD 9,534,129 a year earlier [7] Project Development - The Fenn-Gib project hosts an Indicated Resource of 181.3 million tonnes grading 0.74 g/t Au, equating to 4.3 million contained gold [8] - A confidence drilling program commenced in October 2025 to refine waste to ore boundaries and enhance grade profile confidence [2] - Formal provincial permitting activities for the project are expected to start in early 2026 [2] Corporate Governance - During the Annual General and Special Meeting on September 4, 2025, shareholders approved the re-election of board members and a new 10% rolling Omnibus Incentive Plan [6]

Core Viewpoint - West Red Lake Gold Mines Ltd. has initiated a fully funded infill and conversion drilling program at its 100% owned Rowan Project, aiming to enhance resource confidence and support future economic studies [1][3]. Summary by Sections Project Overview - The Rowan Project is located in the Red Lake Gold District of Northwestern Ontario, Canada, and is projected to produce 35,000 ounces of gold annually according to the Preliminary Economic Assessment (PEA) [1][3]. - The company aims to increase the combined production rate to up to 100,000 ounces per year in the coming years through successful permitting and development [3]. Drilling Program - The drilling program will consist of 5,000 meters of HQ diameter diamond drilling, focusing on infill drilling on Veins 001 and 004 and conversion drilling on Veins 006b and 013 [5]. - Approximately 63% of the tonnes and 72% of the ounces in the PEA are already classified as Indicated resources [5]. Economic Assessment - The PEA indicates robust preliminary economics for an underground mine at Rowan, with an average grade of 8.0 grams per tonne gold over a 5-year mine life [5]. - The combined Pre-Feasibility Study (PFS) is expected to be completed by Q3 2026, establishing a valuation benchmark for the total Red Lake assets [4]. Permitting and Regulatory Framework - The new One Project, One Process permitting framework in Ontario is anticipated to expedite the permitting process for projects like Rowan [4]. - The Advanced Exploration permit is targeted for approval in 2027, which is crucial for bulk sample extraction [5]. Resource Potential - The Rowan resource comprises 26 domains with multiple parallel veins, with significant potential for resource expansion and upgrade [7][10]. - The highest-grade intercept recorded at Rowan was 70.8 g/t gold over 8.3 meters, indicating potential for deeper mineralization [10]. Historical Context - Previous drilling campaigns primarily focused on visible gold in quartz veining, often neglecting surrounding rock, which may have led to an underestimation of the resource [9]. - The 2025 drilling program aims to fill gaps in historical data and reassess the potential of Veins 006b and 013 for mine design [9]. Company Background - West Red Lake Gold Mines Ltd. is focused on advancing its flagship Madsen Gold Mine and the associated land package in the Red Lake district, which has historically produced over 30 million ounces of gold [23].