Vancouver, British Columbia--(Newsfile Corp. - February 2, 2026) - Further to the January 30, 2026 News Release, BCM (TSXV: B) ("BCM" or the "Company") announces the non-brokered private placement of 36,200,00 Units at a price of $0.20 per unit (gross proceeds of $7,240,000.00) is fully subscribed. The financing is subject to continued review and approval by the TSX Venture Exchange. Not for distribution to U.S. news wire services or dissemination in the United StatesNeither TSX Venture Exchange nor its Re ...

NEW YORK, Feb. 02, 2026 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Fitzroy Minerals Inc. (TSX-V: FTZ; OTCQX: FTZFF), a mineral exploration company with properties located in the Province of British Columbia, has qualified to trade on the OTCQX® Best Market. Fitzroy Minerals Inc. upgraded to OTCQX from the OTCQB® Venture Market. Fitzroy Minerals Inc. begins trading today on OTCQX under the symbo ...

Core Viewpoint - Libra Energy Materials Inc. has announced the mobilization for its first drill program at the Stimson Project, which is fully owned by the company and located in the Case Lake Lithium-Cesium District in Ontario [1][2]. Group 1: Drill Program Details - The initial drill program will test a historical unassayed hole that showed at least three intervals of possible spodumene, near the geological boundary of Power Metals' Case Lake lithium-cesium project, which is one of the largest cesium resources globally [2][4]. - The drill program is expected to be cost-effective and aims to quickly evaluate the potential for further exploration at Stimson [2]. Group 2: Geological Context - Stimson is strategically located along the strike of Power Metals' Case Lake deposit, straddling the boundary between the Quetico and Abitibi subprovinces [4]. - A historical drill log indicated three intervals of mineralization, with the largest being 39.8 meters logged as a 'granitic complex', which may contain pegmatite with possible spodumene [4]. Group 3: Company Overview - Libra Energy Materials Inc. is focused on discovering and developing critical minerals essential for the green energy transition, with multiple projects in Ontario and Quebec, as well as in Brazil [8]. - The company has a CAD $33 million earn-in deal with KoBold Metals Company for its Flanders North, Flanders South, and SBC projects [8].

Core Viewpoint - Labrador Gold Corp. is facing a challenge from Coloured Ties Capital Inc., which is attempting to gain control of the company without offering a premium to shareholders, raising concerns about potential conflicts of interest and the misallocation of corporate resources [2][3]. Group 1: Shareholder Concerns - The Dissident's takeover attempt threatens shareholder value by seeking control without compensating shareholders, which could lead to decisions that do not benefit all stakeholders [2]. - The Board of Directors has expressed serious concerns regarding the Dissident's history of shareholder value destruction and potential conflicts of interest [2]. Group 2: Voting Recommendations - The Board unanimously recommends that shareholders vote "FOR" all of LabGold's resolutions and "AGAINST"/"WITHHOLD" on the Dissident's resolutions, emphasizing the importance of using the BLUE Proxy or BLUE Voting Instruction Form [3][8]. - Shareholders are urged to disregard any GOLD proxy materials from the Dissident to protect LabGold's financial resources [3]. Group 3: Company Overview - Labrador Gold Corp. is a Canadian mineral exploration company focused on acquiring and exploring gold projects in Eastern Canada [6]. - The Hopedale property, part of the Florence Lake greenstone belt, has shown gold anomalies and potential for other minerals like copper, nickel, and cobalt [7].

Core Insights - Litchfield Minerals has been selected for the 2026 BHP Xplor global accelerator program, which provides non-dilutive funding and technical support for its Oonagalabi project in the Northern Territory [1][2] Funding and Support - Litchfield will receive US$500,000 in equity-free funding to enhance geological understanding and model refinement at the Oonagalabi project [2] - The funding is non-dilutive, ensuring that Litchfield's capital structure remains unaffected while gaining access to BHP's technical specialists and proprietary exploration methodologies [4] Validation of Geological Model - BHP's selection of Litchfield indicates confidence in the company's geological concept and systematic approach to discovery at Oonagalabi, which is being developed as a large-scale, multi-event mineral system [3][6] - The program is expected to significantly accelerate geological understanding and next-phase targeting at the Oonagalabi project [3][7] Opportunity and Endorsement - The recognition by BHP reinforces Litchfield's belief in the potential for a tier-one discovery at Oonagalabi, highlighting the geological architecture present [5] - BHP's exploration officer noted Litchfield's clear commitment to responsible and systematic project progression, aligning with the goals of the Xplor program [6][7]

Core Viewpoint - FireFly Metals Ltd has entered into a binding share sale and purchase agreement with Bellavista Resources Ltd to sell its Ontario Gold Assets, which include a 70% interest in the Pickle Crow Project and 100% of the Sioux Lookout Project, for a total consideration valued at up to A$86.1 million, providing ongoing exposure to the assets for FireFly shareholders while allowing FireFly to focus on its Green Bay Copper-Gold Project [6][9]. Transaction Details - The total consideration includes upfront payment of 60 million Bellavista shares valued at A$47.4 million and contingent consideration of 50 million performance rights valued at A$38.7 million, based on Bellavista's closing share price of A$0.79 on January 30, 2026 [1][2][6]. - FireFly shareholders are expected to receive approximately 1 Bellavista share for every 12.8 FireFly shares held, subject to shareholder approval [6][20]. Strategic Rationale - The transaction is seen as a strategic move that allows FireFly shareholders to retain exposure to the Ontario Gold Assets through their shareholding in Bellavista while enabling FireFly to concentrate on the development of the Green Bay Copper-Gold Project [9][10]. - Bellavista is expected to leverage its dedicated exploration focus to create significant value from the acquired assets, which could lead to substantial growth for its shareholders, many of whom are also FireFly shareholders [5][10]. Management and Leadership - Bellavista is led by experienced executives Glenn Jardine and Peter Canterbury, who previously led De Grey Mining Ltd, indicating a strong management team capable of optimizing the value of the Ontario Gold Assets [10][33]. Milestones and Performance Rights - The contingent performance rights are structured in three tranches, with the first milestone expected to vest within 12 months of completion, potentially increasing FireFly's interest in Bellavista to no less than 9.9% [12][20]. - The milestones include drilling activities and resource estimates that, if achieved, will further enhance the value of the transaction for FireFly shareholders [12][13]. Financial Implications - The transaction is expected to provide FireFly with a simplified portfolio, reduced capital requirements, and minimized management distraction, while also allowing it to capitalize on the current strong gold price [11][9]. - Bellavista plans to raise approximately A$25 million to drive resource growth and a major exploration program at the Ontario Gold Assets [6][10].

Core Insights - BHP has selected 10 early-stage exploration and technology companies for the 2026 BHP Xplor program, marking the largest cohort since the program's inception [1] - The 2026 cohort emphasizes a connected approach to early-stage exploration, integrating geological insight, data, and emerging technologies [2] - The program aims to enhance understanding of mineral systems in remote and complex environments through interdisciplinary collaboration [3] Exploration Companies - FrontierX (Canada) focuses on uranium exploration and is undertaking a preliminary project to test geological concepts [5] - Litchfield Minerals (Australia) is advancing copper, zinc, lead, silver, and gold opportunities, particularly in the Oonagalabi project [6] - Orion Minerals (South Africa) is applying modern data analytics to identify new discovery opportunities in its copper and zinc asset portfolio [7] - Otrera Resources (South America) is focused on sediment-hosted copper systems, leveraging regional experience and modern geochemical approaches [8] - PT GeoFix (Indonesia) is a geoscience consultancy applying proprietary tools to test new copper-gold exploration concepts [9] - Utah Geological Survey (USA) is leading a regional mineral systems analysis to improve understanding of mineral potential in the eastern Great Basin [10] Technology Companies - RadiXplore (Australia) uses AI to analyze historical exploration records and modern data for copper exploration [11] - Mineural (Canada) employs AI to help exploration teams identify and prioritize mineral targets more efficiently [12] - VectOres Science (USA) develops non-invasive tools to support mineral exploration, focusing on real-time data for early identification of mineral systems [13] - Discovery Genomics (Canada) is advancing DNA sequencing as a tool for mineral exploration, testing microbial DNA signatures to identify buried mineral systems [14]

Core Viewpoint - GoldMining Inc. (NYSE:GLDG) is recognized as one of the best gold stocks to invest in for 2026, with positive recommendations from analysts and promising project developments [1]. Group 1: Analyst Recommendations - Roth Capital has reaffirmed its Buy recommendation for GoldMining Inc. and raised its price target to $2.80 from $2.60, citing potential resource growth at the Sao Jorge project and improved valuation of the company's interests [2]. Group 2: Management Changes - A management change was announced, effective January 1, 2026, with Paulo Pereira transitioning from President to Country Manager for Brazil, while Alastair Still, the CEO, assumed the additional role of President [3]. Group 3: Project Developments - The company released 2025 drilling results from the São Jorge Project, reporting 19 meters at 1.00 g/t gold from a depth of 425 meters, marking one of the deepest intercepts to date. Further drilling is planned for 2026 following induced polarization measurements that indicated a significant chargeability anomaly at William South [4]. Group 4: Company Overview - GoldMining Inc. operates as a mineral exploration company focused on acquiring, exploring, and developing mining properties [4].

Core Insights - New Found Gold Corp. (NFGC) is recognized as one of the 11 best gold stocks to buy for 2026 [1] - The company has entered into a Phase 1 EPCM contract with WSP Canada Inc. for the Queensway Gold Project, which includes site planning and detailed engineering for an offsite milling plant [2] - The first gold pour from the Queensway project is anticipated in the second half of 2027, pending necessary permissions [2] Project Developments - The Phase 1 EPCM contract aims to modernize the Pine Cove Mill to process feed from both the Queensway and Hammerdown projects [2] - An Environmental Registration submission is expected in late Q1 2026 to initiate the environmental review process, with baseline work nearly complete [2] - A revised mineral resource estimate and an updated Technical Report are scheduled for mid-2026 [2] Drilling Program - The 2026 drill program commenced on January 21, 2026, utilizing four rigs focused on infill and research drilling [3] - Notable infill results from the K2 zone include 5.22 g/t Au over 14.90 m and 8.51 g/t Au over 6.65 m, indicating potential resource expansion [3] - The stock price increased by 10.56% year-to-date as of January 27, 2026 [3] Company Overview - New Found Gold Corp. is a mineral exploration company engaged in acquiring, exploring, and evaluating resource prospects [3]

Core Viewpoint - Naughty Ventures Corp. has successfully closed a non-brokered private placement financing, raising a total of $200,000 through the issuance of 2,000,000 flow-through units at a price of $0.10 per unit [1]. Group 1: Financing Details - The private placement consists of 2,000,000 flow-through units, each unit comprising one common share and one transferable common share purchase warrant [1]. - Each warrant allows the holder to purchase one common share at a price of C$0.15 for a period of 36 months from issuance [1]. - The securities issued in this offering are subject to a statutory hold period until May 30, 2026 [1]. Group 2: Insider Participation - Mr. Blair Naughty, the CEO and President of the Company, subscribed for the entire private placement, increasing his equity stake from 20.93% to approximately 22.95% [2]. - Mr. Naughty's participation is classified as a related-party transaction, and the Company is relying on exemptions from minority shareholder approval and formal valuation requirements [3]. Group 3: Use of Proceeds - The proceeds from the sale of flow-through units will be allocated to eligible Canadian exploration expenses on the Company's mineral properties, with expenditures renounced to the subscriber effective December 31, 2026 [4]. Group 4: Company Overview - Naughty Ventures Corp. is a Canadian venture investment and mineral exploration company focused on early-stage mineral projects with significant discovery potential [5]. - The Company aims to acquire, develop, and strategically position mineral assets with strong value potential, as well as invest in private and public companies with high growth potential [5].