MONTREAL, Jan. 08, 2026 (GLOBE NEWSWIRE) -- Troilus Mining Corp. (TSX: TLG; OTCQX: CHXMF; FRA: CM5) (“Troilus” or the “Company”), is pleased to provide a review of its key accomplishments in 2025 and an outlook for 2026, as the Company advances its flagship Troilus copper-gold project (the “Project”) through critical development milestones and positions it for the next phase of execution, in this open letter to shareholders from Chief Executive Officer, Justin Reid. To our valued shareholders and stakeholde ...

Australian graphite producer Volt Resources has signed a binding term sheet with Unbounded Opportunities Fund (UOF) to advance the development of its Bunyu graphite mine project in Tanzania. The Bunyu project is strategically positioned with access to key infrastructure including sealed roads running through the site and a deep-water route via the Port of Mtwara, approximately 140km away. Bunyu is reputed to be the largest JORC-compliant mineral resource in Tanzania and one of the largest graphite depos ...

Caledonia Mining is set to advance with the development of the Bilboes gold project in Zimbabwe following the completion and publication of its feasibility study. The study confirmed a single-phase development method as the most economic option for the project. The project area spans 2,731.60 hectares (ha) in Matabeleland North province, located approximately 80km north of Bulawayo, Zimbabwe’s second-largest city. The study shows proven and probable mineral reserves of 1.75 million ounces (moz) of gold ...

Core Insights - NorthWest Copper Corp. announced positive assay results from drill hole K-25-278 at the Kwanika project, confirming near-surface copper-gold mineralization with significant intercepts [1][2][5] Drill Hole Highlights - Drill hole K-25-278 intersected two broad zones of mineralization: - Pit Zone: 80 metres of 0.59% Cu and 0.16 g/t Au (0.75% CuEq) from 47 metres, and 44 metres of 0.62% Cu and 0.42 g/t Au (1.01% CuEq) from 172 metres [3][16] - Central Zone: 36 metres of 0.65% Cu and 0.64 g/t Au (1.25% CuEq) from 222 metres, including 10 metres of 0.79% Cu and 0.77 g/t Au (1.50% CuEq) from 222 metres [3][16] Geological Insights - The results indicate an east-west lateral metal zonation trend, with gold to copper ratios approaching 1:1, providing insights into potential metallurgical recoveries [4][6] - The upper Central Zone was intersected closer to the surface than expected, suggesting a change in geometry as it approaches higher-grade areas [2][6] Future Exploration Plans - The 2025 drill program totals 6,435 metres, focusing on defining higher-grade zones and evaluating underground targets for selective mining methods [5][9] - The company expects to release additional results from the remaining thirteen holes in the coming weeks [5][9] Management Commentary - The CEO of NorthWest highlighted the potential for a high-grade starter pit that could enhance project economics, emphasizing the strong and consistent higher-grade mineralization observed [5][6]

Summary of Minerals 260 (MI6) Conference Call - July 23, 2025 Company Overview - Minerals 260 was spun out of Linetown three years ago, with significant influence from Linetown's management and shareholders [2][4] - The company is focused on the Bulle Bulle Gold Project, acquired from Zijin for $166 million, despite being a $30 million company at the time [2][3][12] Key Financials and Shareholder Structure - Raised $220 million, significantly increasing market capitalization [3] - Major shareholders include Samuel Terry and Tim Goiter, with the top 20 shareholders holding 65% of the company [4][5] - BlackRock and Franklin Templeton are among the notable international funds invested [5] Project Details - The Bulle Bulle Gold Project is one of the largest undeveloped gold projects in Australia, with a resource of 2.3 million ounces [12] - Historical mining occurred in the 1990s, with the project previously owned by Zijin for a decade [8][9] - The project covers 130 square kilometers, with ongoing tenure acquisition to enhance mineralization and infrastructure [10] Exploration and Drilling Activities - The company is currently drilling with six rigs, aiming to add 80,000 meters to the existing drilling database [12][23] - Historical drilling was shallow, with 60% of holes at 50 meters or less, indicating potential for deeper mineralization [13][14] - The exploration plan includes drilling down dip, infilling, and along strike, with a focus on the Phoenix and Bacchus areas [19][20] Resource Assessment - 60% of the resource is classified as indicated, with confidence in the resource due to dense drilling [17] - The current model pit has a cutoff of AUD 3,000, providing operational headroom with gold prices above AUD 5,000 [21] - The company has observed significant intercepts, including 62 meters at resource grade, indicating strong potential for resource expansion [25][26] Development and Infrastructure - The company aims to achieve production by the end of 2028, with feasibility studies and geotechnical data already in progress [29] - Water rights have been secured across the main paleo channel, with additional plans for water sourcing [32] - The project benefits from excellent infrastructure, including proximity to Kalgoorlie Airport and major highways [14][15] Future Outlook - The company plans to complete 80,000 meters of drilling by September, with a new resource estimate expected by December [33] - The first production is targeted for 2028, with a strong foundation in place due to capital and shareholder support [34][35] Conclusion - Minerals 260 presents a significant investment opportunity with a large resource base, ongoing exploration, and a clear path to production by 2028 [34][35]

Core Viewpoint - Southern Cross Gold Consolidated Ltd has announced an upsized private placement of approximately C$143 million/AUD$162 million to fund its strategic Sunday Creek Gold-Antimony Project, reflecting strong demand from institutional and existing investors [1][3][8]. Proposed Placement - The company aims to raise approximately C$143 million through a private placement of 31.8 million common shares at C$4.50 per share and/or Chess Depositary Interests (CDIs) at A$5.10 per CDI [3][4]. - The placement will not require shareholder approval and will be conducted under the company's placement capacity according to ASX listing rules [4]. Pricing and Discounts - The issue price for the CDIs represents an approximate 8.9% discount to the last closing price on April 28, 2025, and an 8.3% discount to the 5-day volume weighted average price prior to a trading halt [5]. - The issue price for the Common Shares represents a 4.1% discount to the last closing price on April 29, 2025, and a 5.0% discount to the 5-day volume weighted average price prior to the trading halt [6]. Timeline and Conditions - The issuance of the Securities is expected to occur in two tranches: Tranche 1 on May 6, 2025, for CDIs and Tranche 2 on May 14, 2025, for the remaining Common Shares [7]. - All Securities will be subject to a four-month hold period from the closing date [7]. Use of Funds - The net proceeds from the placement will be allocated to key milestones for the Sunday Creek Gold-Antimony Project, including: - C$53 million for drilling to establish an Inferred Resource by Q1 2027 - C$27 million for decline development to enhance access to mineralization - C$4 million for a Preliminary Economic Assessment - C$59 million for exploration target expansion and working capital over three years [8][18]. Strategic Importance - The Sunday Creek project is positioned as a significant gold and antimony discovery, with antimony contributing 20% of the in-situ value, which has gained importance due to geopolitical factors affecting supply [16][17]. - The project is expected to be developed primarily based on gold economics, reducing risks associated with antimony while maintaining strategic supply potential [17].