Core Viewpoint - Silver Storm Mining Ltd. has successfully upgraded its trading status to the OTCQX Best Market from the OTCQB Venture Market, effective immediately [1] Company Summary - The common shares of Silver Storm Mining Ltd. will begin trading on the OTCQX Market under the symbol "SVRSF" [1] - The company's shares will continue to be listed and traded on the TSX Venture Exchange [1]

Core Insights - Erdene Resource Development Corporation announced significant drilling results from its Khuvyn Khar copper-silver prospect in southwestern Mongolia, confirming a substantial copper component in the porphyry system [2][3][4] Exploration and Drilling Results - The Khuvyn Khar copper porphyry system intersected 65 meters averaging 0.63% copper and 2.9 g/t silver, with a higher-grade zone of 30 meters averaging 1.25% copper and 6.1 g/t silver [4][10][11] - A 3,362-meter, 24-hole drill program was completed on the Khuvyn Khar license, which included testing the upper 150 meters of the nearby Zuun Mod molybdenum-copper deposit [5][6] - The mineralized zone extends from 238 meters downhole to 450 meters, characterized by moderate to intense potassic alteration [4][10] Strategic Location and Infrastructure - Khuvyn Khar and Zuun Mod are located approximately 200 kilometers from China, the largest consumer of copper and molybdenum, and are situated in a region with significant recent infrastructure investments [3][4] Future Exploration Plans - The company plans to expand exploration efforts in 2026, including advanced geophysical surveys and drilling to further assess the Khuvyn Khar copper porphyry system [3][8] - Exploration is also underway to expand gold resources near the Bayan Khundii mine, which is operated in a strategic alliance with Mongolian Mining Corporation [3] Resource Estimates - An updated resource statement for the Zuun Mod Mo-Cu deposit includes Measured and Indicated resources of 271.1 million tonnes grading 0.056% Mo and 0.064% Cu, along with an Inferred resource of 269.1 million tonnes [14]

Core Viewpoint - Rosen Law Firm is reminding investors who purchased Freeport-McMoRan Inc. securities between February 15, 2022, and September 24, 2025, of the January 12, 2026, deadline to become lead plaintiffs in a securities class action lawsuit [1]. Group 1: Class Action Details - Investors who purchased Freeport-McMoRan securities during the specified Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by January 12, 2026 [3]. - The Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions [4]. Group 2: Case Allegations - The lawsuit alleges that Freeport-McMoRan made false and misleading statements regarding safety at the Grasberg Block Cave mine in Indonesia, which posed a heightened risk to workers [5]. - It is claimed that the lack of proper safety measures constituted undisclosed risks that could lead to regulatory, litigation, and reputational issues for the company [5]. - The lawsuit asserts that the misleading statements about Freeport-McMoRan's business and operations resulted in investor damages when the true information became public [5].

Group 1 - Japan's Nikkei Stock Average closed 1.3% higher at a record 52518.08, indicating strong market performance [1] - Bank and brokerage shares led gains, reflecting continued hopes for gradual rate increases from the Bank of Japan [1] - Stock gains are broadening beyond semiconductor shares to include metals and machinery producers [1] Group 2 - Mizuho Financial Group gained 5.1% and Daiwa Securities Group rose 5.9%, showing significant increases in the financial sector [2] - Sumitomo Metal Mining climbed 6.3% and Hitachi Ltd. added 7.4%, indicating strong performance in the materials and machinery sectors [2] - The 10-year Japanese government bond yield rose 1.5 basis points to 2.130%, marking its highest level since February 1999 [2]

Core Viewpoint - Pan Global Resources Inc. has announced its maiden Mineral Resource Estimates for the La Romana and Cañada Honda deposits at the Escacena Project in southern Spain, marking a significant milestone for the company and laying the groundwork for future studies [1][4]. Group 1: Mineral Resource Estimates - La Romana Mineral Resource Estimate includes: - Measured: 26.1 million tonnes (Mt) at 0.37% Cu, 300 ppm Sn, 1.78 g/t Ag, totaling 96.0 kt Cu, 7.8 kt Sn, and 1.49 million ounces (Moz) Ag [6][8]. - Indicated: 6.3 Mt at 0.37% Cu, 148 ppm Sn, 1.25 g/t Ag, totaling 23.6 kt Cu, 0.9 kt Sn, and 0.25 Moz Ag [6][8]. - Inferred: 4.0 Mt at 0.40% Cu, 71 ppm Sn, 1.37 g/t Ag, totaling 15.8 kt Cu, 0.3 kt Sn, and 0.18 Moz Ag [6][8]. - Cañada Honda Mineral Resource Estimate includes: - Inferred: 5.0 Mt at 0.65 g/t Au, 1.17 g/t Ag, 0.14% Cu, totaling 104 koz Au, 0.2 Moz Ag, and 6.8 kt Cu [10][11]. Group 2: Technical Insights - The high proportion of Measured Resource at La Romana indicates strong continuity of the mineral system, with advanced metallurgical tests suggesting potential for producing higher-grade copper concentrates with low penalty elements [4][5]. - Both La Romana and Cañada Honda deposits are open for expansion, with ongoing exploration aimed at increasing the resource base and supporting future technical evaluations [8][9]. Group 3: Project Overview - The Escacena Project encompasses over 13,900 hectares in the Iberian Pyrite Belt, near existing mining operations, providing a favorable environment for mining activities [24][26]. - The project is strategically positioned in a region with a history of mineral production and strong infrastructure, enhancing its potential for successful development [26].

Core Viewpoint - Guardian Metal Resources plc has submitted a S-K 1300 Technical Summary Report and an updated Mineral Resource Estimate for its Pilot Mountain tungsten Project, indicating a 16% increase in open pit constrained indicated mineral resources compared to the 2018 Scoping Study [1] Group 1: Company Developments - The updated Mineral Resource Estimate is pit-constrained, making it potentially suitable for open-pit mining [1] - The Pilot Mountain tungsten Project is 100%-owned by Guardian Metal and is located in Nevada, USA [1] - The development of a domestically mined source of tungsten in the United States is being positioned for the first time in over a decade, subject to permitting, financing, and further technical work [1] Group 2: Industry Context - The report aligns with Regulation S-K 1300, which governs the disclosure of mineral resources in the United States [1] - The ongoing drilling activities at the Pilot Mountain Project suggest a commitment to further exploration and resource development [1]

Core Viewpoint - Fortescue has entered a binding agreement to acquire the remaining 64% of Alta Copper's shares, valuing the company at C$139 million ($100.92 million) with a 50% premium over its 30-day volume-weighted average price [1][2]. Group 1: Acquisition Details - Fortescue currently owns approximately 35.7% of Alta Copper's outstanding shares and will acquire the remaining shares through its subsidiary, Nascent Exploration [2]. - Alta Copper shareholders will receive C$1.40 per share in cash as part of the acquisition [2]. - The deal has received unanimous support from Alta Copper's directors, who recommend that shareholders approve the transaction [2][3]. Group 2: Shareholder Support - Directors, officers, and shareholders holding 12.5% of Alta Copper's outstanding shares have signed voting support agreements to vote in favor of the acquisition [3]. Group 3: Cañariaco Project Overview - Alta Copper is the sole owner of the Cañariaco copper project in northern Peru, which is located in a promising porphyry corridor with significant exploration and development potential [3]. - The Cañariaco project covers 91 km² and includes the Cañariaco Norte and Cañariaco Sur deposits, as well as the Quebrada Verde prospect [4]. - The project has a reported mineral resource estimate of 1.1 billion tonnes at 0.42% copper equivalent grade in the measured and indicated category, and 900 million tonnes at 0.29% copper equivalent grade in the inferred category [4]. Group 4: Transaction Conditions - The completion of the transaction is contingent upon meeting customary conditions, obtaining necessary regulatory approvals, and receiving approval from securityholders and the court [5]. - Alta Copper's president and CEO emphasized that the cash premium offer is a favorable outcome for shareholders, considering the costs and risks associated with advancing the Cañariaco project [5][6].

Core Viewpoint - Intrepid Metals Corp. is extending the expiry date of 19,046,764 share purchase warrants by 90 days, with the exercise price set at $0.45 per share, subject to TSX Venture Exchange approval [1][2]. Group 1: Warrant Extension Details - The warrants were issued during private placements that closed on January 5, 2024, and January 24, 2024 [1]. - The new expiry dates for the warrants are proposed as follows: 9,499,999 warrants to April 5, 2026, and 9,546,765 warrants to April 24, 2026 [1]. - All other terms and conditions of the warrants will remain unchanged [1]. Group 2: Related Party Transactions - A total of 9,146,567 warrants are held by related parties of the company, making the amendment a "related party transaction" under Multilateral Instrument 61-101 [2]. - The company can rely on exemptions from formal valuation and minority approval requirements as the fair market value of the warrants does not exceed 25% of the company's market capitalization [2]. - The company did not file a material change report more than 21 days before the expected closing of the warrant extension due to expedited decision-making for business reasons [2]. Group 3: Company Overview - Intrepid Metals Corp. is focused on exploring high-grade essential metals such as copper, silver, and zinc in southeastern Arizona, USA [3]. - The company has acquired or has agreements for several drill-ready projects, including the Corral Copper Project and the Tombstone South Project, both located in Cochise County, Arizona [3]. - Intrepid has a team with significant experience in exploration, development, and permitting of new projects in North America [3].

Core Insights - Electric Royalties Ltd. has provided an update on key royalties in its portfolio, enhancing the information shared on December 2, 2025, regarding royalty revenues and milestones related to its copper assets [1] Summary by Category - **Company Updates** - The company is pleased to announce updates on its royalty portfolio, indicating ongoing developments and potential growth in revenue streams [1] - **Financial Performance** - The update adds to the previously announced royalty revenues, suggesting a positive trend in financial performance related to the company's copper assets [1]

Mines Outlook - In 2026, the first full year will include Somincor and Zinkgruvan operations[6] - Higher grades are expected in open pits[6] - Increased milled volume is anticipated at Aitik, Garpenberg, the Boliden Area, and Tara mines[6] - Potential cost increases of EUR 20-30 million are expected annually at Kevitsa[6] - Milled volume is expected to be stable at approximately 4.5 Mtonnes in coming years for Somincor[11] - Milled volume is expected to be stable at approximately 1.5 Mtonnes in coming years for Zinkgruvan[14] Smelters Outlook - Increased zinc and precious metal production is expected in Odda[6] - The Odda expansion is expected to increase annual capacity by 150 ktonnes of zinc and 45 ktonnes of leach product, improving annual EBITDA by approximately EUR 150 million at full production[18] - The ramp-up of the new tankhouse in Rönnskär is planned for H2 2026, with an annual copper cathode capacity of 230 ktonnes and an expected annual EBITDA increase of approximately SEK 1.2 billion when completed[19, 20] - Planned maintenance shutdowns at smelters are estimated to impact operating profit by SEK -450 million for the full year 2026[6, 21] Capital Expenditure - Group capital expenditure (capex) is projected to be SEK 15 billion, including mine sustaining capex of SEK 6.5 billion[6]