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Vancouver, Canada, January 23, 2026 – TheNewswire - Spartan Metals Corp. (“Spartan” or the “Company”) (TSX-V: W | OTCQB: SPRMF | FSE: J03) announces its shareholders have approved the Company’s new 10% rolling stock option plan (the “Option Plan”) and it’s share unit plan (the “Share Unit Plan”) (collectively the “Equity Incentive Plans”) at the Company’s annual meeting of shareholders held on January 19, 2026 (the “Shareholders’ Meeting”). The Equity Incentive Plans provide the Company with the ability to ...

Core Insights - AuMEGA Metals Ltd has identified the Isle aux Morts Granite (IMG) as a high-priority drill target for the 2026 field season following favorable results from a multi-element surficial geochemistry interpretation [2][3] - The IMG is a large, underexplored felsic intrusion adjacent to the company's existing resource corridor, which currently hosts a defined gold Mineral Resource of 6.2 million tonnes grading 2.25 g/t gold for 450,000 ounces of Indicated Resources, and 3.4 million tonnes grading 1.44 g/t gold for 160,000 ounces of Inferred Resources [3][34] - The reinterpretation of the IMG suggests it may represent a previously unrecognized and potentially fertile mineral system, changing the exploration potential of this area [4][22] Geochemical Findings - The surficial geochemistry program involved the collection of 439 till samples across a survey grid, revealing large, coherent gold-in-till anomalies that are spatially related to geophysical lineaments [10][11] - Strong multi-element geochemical coherence was observed, with gold anomalies coinciding with elevated copper, molybdenum, and bismuth, indicating a potentially fertile gold and/or copper system [6][21] - The till material collected is homogeneous and suggests a proximal bedrock source for the geochemical responses, supporting the interpretation of structural control over mineralization [12][22] Target Areas and Future Plans - Seven target areas have been defined across the Cape Ray West area, with the Western Corridor identified as a significant target due to its geological setting and strong gold-in-till anomalism [15][16][29] - The company plans to extend surficial geochemistry coverage and geological mapping across the IMG, along with a focused diamond drilling program in summer 2026 to test high-conviction targets [29][34] - Assays from ongoing drilling and geochemical surveys are expected in the first quarter of 2026, which will further inform the exploration strategy [6][29]

Group 1 - Spartan Metals Corp. has terminated its investor relations agreement with ValPal Management Consultancy effective immediately [1] - The company focuses on developing critical minerals projects in stable mining jurisdictions in the Western United States, emphasizing strategic defense minerals such as Tungsten, Rubidium, Antimony, Bismuth, and Arsenic [2] - Spartan's flagship project is the Eagle Project in eastern Nevada, which includes the highest-grade historic tungsten resource in the USA and significant under-defined resources of high-grade rubidium, antimony, bismuth, indium, as well as precious and base metals [3]

Core Insights - Spartan Metals Corp. has expanded its land position at the Eagle Tungsten-Silver-Rubidium Project by staking an additional 201 claims, increasing the total claims to 353, covering 7,131 acres [1][2][7] - The new claims are adjacent to existing Tungstonia claims and are expected to enhance the exploration potential for high-grade critical metals [4][7] - The company has commenced trading on the Frankfurt Stock Exchange under the symbol "J03," which is seen as a milestone for expanding its shareholder base [5][6][7] Company Developments - The newly staked claims cover 4,054 acres, more than doubling the previous acreage at the Tungstonia claim block [2][7] - The exploration team identified these areas as having high potential for mineralization similar to existing findings at Tungstonia, which previously produced tungsten and silver [4][7] - The ongoing field exploration program will include soil and rock sampling, mapping, and geophysics, covering the newly staked claims [7] Project Overview - The Eagle Project is positioned as one of the largest and highest-grade tungsten and rubidium districts in the United States, with historical production from the Tungstonia and Rees/Antelope mines [8][9][14] - The project spans approximately 36.5 km² and includes significant mineralization types such as Porphyry, Skarn, and Carbonate Replacement deposits [10][14] - Historical tungsten production from the Tungstonia and Rees/Antelope mines totaled 8,379 units at grades between 0.6%-0.9% WO3 [8][9]

Core Viewpoint - Spartan Metals Corp. has commenced trading on the OTCQB Venture Market in the U.S. under the symbol "SPRMF", while continuing to trade on the TSX Venture Exchange under the symbol "W" [1][2]. Company Overview - Spartan Metals is focused on developing critical minerals projects in top-tier mining jurisdictions in the Western United States, emphasizing a portfolio of strategic defense minerals such as Tungsten, Rubidium, Antimony, Bismuth, and Arsenic [5]. - The flagship project, the Eagle Project in eastern Nevada, consists of the highest-grade historic tungsten resource in the USA, along with significant under-defined resources of high-grade rubidium, antimony, bismuth, indium, and precious and base metals [6][7]. Trading and Market Access - The OTCQB listing is aimed at enhancing marketing efforts and introducing the company to a broader audience of potential U.S. investors, providing access to a larger pool of equity capital and improved trading liquidity [2][3]. - Spartan's common shares are now eligible with the Depository Trust Company (DTC), allowing for efficient electronic clearing and settlement of trades in the U.S. [2]. Investor Relations - Effective November 20, 2025, Spartan has engaged ValPal Management Consultancy for a 12-month investor-focused media campaign at a cost of US$8,000, subject to regulatory approval [4].

Core Insights - Glenstar Minerals Inc. has received a permit from the Bureau of Land Management to conduct an initial trenching program at its Wildhorse Project in Nevada, specifically targeting the Coca Cola Zone [1] - The trenching will consist of three parallel trenches, each measuring five feet wide, three feet deep, and approximately 50 feet in length, spaced 20 feet apart [1] Exploration Results - Previous exploration at the Coca Cola Zone yielded four grab samples with copper values of 1.6%, 5.3%, 2.3%, and 5.1%, along with an average silver content of 21.6 ppm [2] - The samples also showed anomalous levels of bismuth (averaging 156 ppm) and tungsten (averaging 72.5 ppm), indicating a potential copper-gold porphyry system beneath the property [2] - Geological observations suggest the presence of a complex array of narrow porphyritic dikes, supporting the hypothesis of a classic copper porphyry setting [2] Project Background - The Wildhorse Property consists of 89 mineral claims covering 1,780 acres (720 hectares) in Mineral County, Nevada, with historical workings dating back to the late 1800s and early 1900s [3] - Initial assessments indicated mineralized zones with over 1 gram per ton of gold, 1% copper, and 6,100 ppm of antimony, along with the presence of bismuth and tungsten [3] Company Overview - Glenstar Minerals Inc. focuses on the exploration of polymetallic minerals, which are critical for manufacturing advanced electronics and energy technologies [4] - The company aims to leverage its expertise to explore, acquire, and develop critical mineral properties globally [4] Trading Information - Glenstar's shares are traded on the Canadian Securities Exchange under the symbol "GSTR", on the Frankfurt Stock Exchange as "VO20", and on the OTCQB market in the U.S. as "GSTRF" [6]

Core Insights - Fortune Minerals Limited has engaged P&E Mining Consultants Inc. to update the Mineral Reserve estimates, mine plan, and production schedule for the NICO Project Feasibility Study, which is expected to benefit from higher metal prices, particularly gold and bismuth [1][3][5] Company Overview - Fortune Minerals is focused on developing the NICO cobalt-gold-bismuth-copper project located in the Northwest Territories and Alberta, which includes a planned open pit and underground mine along with a hydrometallurgical facility [1][14] - The NICO Project is the largest bismuth deposit globally, holding 12% of the world's reserves, while China controls 80% of global mine production and 90% of refined bismuth supply [8] Project Economics - The previous 2014 Feasibility Study identified Mineral Reserves of 33.1 million tonnes, including 1.1 million ounces of gold, 82.3 million pounds of cobalt, 102.1 million pounds of bismuth, and 27.2 million pounds of copper, supporting a 20-year mine life [5] - Current metal prices are significantly higher than those used in the 2014 study, with gold at approximately US$4,000 per ounce, cobalt at US$22 per pound, bismuth at US$17 per pound, and copper at US$5 per pound, which will enhance project revenues [5][10] Strategic Importance - The development of the NICO Project is aligned with North American efforts to strengthen critical mineral supply chain resilience and security, reducing dependence on foreign entities [2][7] - The project is positioned to be a reliable source of critical minerals essential for energy transition and technological advancements, with significant demand growth anticipated for bismuth in various applications [9][10] Future Plans - Fortune plans to produce cobalt sulfate heptahydrate at its Alberta facility for use in lithium-ion batteries, with cobalt being a critical component in various industries [10] - The company also owns the Sue-Dianne satellite deposit, which could provide additional mill feed to extend the life of the NICO concentrator [11][14]

Core Insights - The Trump administration is increasing government ownership in mining companies, raising questions about potential similar investments from the Canadian government [2][3] - The U.S. government has taken stakes in companies like Trilogy Metals and Lithium Americas, which are involved in significant mining projects [2][3] - The approach of the Canadian government towards mining investments is more cautious, focusing on fast-tracking projects without seeking equity stakes [4] U.S. Government Investments - The U.S. Department of War has acquired a 10% stake in Trilogy Metals and previously announced a 5% stake in Lithium Americas, which is developing a $3 billion project [2] - Fortune Minerals received $6.4 million from the Pentagon as part of a total of $17 million from both U.S. and Canadian governments for its cobalt-gold-bismuth-copper project [5][6] - MP Materials secured a $400 million agreement with the Pentagon for a 15% stake and critical minerals procurement for defense projects [9] Industry Reactions - Some industry players welcome U.S. government investments, viewing them as beneficial for raising funds in a challenging environment [6][11] - Concerns have been raised about the implications of government ownership in private companies, with some preferring more Canadian-based projects [8][10] - The stocks of companies receiving U.S. government investments have seen significant increases [11] Canadian Government's Stance - The Canadian government has not pursued equity stakes in mining projects but has opened a Major Projects Office to expedite approvals [4] - There is a call for Canada to revise its foreign investment policies, particularly regarding investments from China [6] Environmental and Local Opposition - The Trump administration's support for mining projects has faced local and environmental opposition, particularly concerning potential impacts on wildlife and communities [21][22] - The ongoing legal challenges regarding the Pebble copper-gold project highlight the contentious nature of some mining investments [22]

Core Viewpoint - Glenstar Minerals Inc. has announced promising assay results from its Wildhorse Project, indicating significant gold and silver mineralization, which lays the groundwork for an expanded Phase 2 exploration program [1][5][7]. Group 1: Assay Results - The assay results from twenty-nine stream sediment samples revealed gold at 11.20 g/t and silver at 11.35 g/t, along with notable copper, tungsten, bismuth, and tellurium signatures [1][5]. - Strong tungsten-bismuth anomalies were identified in four distinct stream drainages, confirming known mineralized zones and highlighting two additional prospective drainages [2][3]. Group 2: Geological Insights - The results support the intrusive-center geologic model at Wildhorse, particularly around Palomino Hill, where strong mineralization of gold, copper, silver, bismuth, tellurium, and tungsten was observed [3][4]. - The mineralization pattern aligns with classic metal zoning seen in intrusive-center related ore deposits, similar to those in nearby Nevada districts [4]. Group 3: Project Background - The Wildhorse Property consists of 61 mineral claims covering 1,220 acres in Mineral County, Nevada, with historical workings dating back to the late 1800s [8]. - Initial assessments indicated a series of east-dipping mineralized zones, with previous sampling showing over 1 g/t gold and significant copper and antimony levels [8][9]. Group 4: Future Exploration Plans - The project geologist emphasized the need for an expanded and comprehensive Phase 2 exploration plan to better understand the mineralization in the identified zones [7][6]. - The economic potential of the Wildhorse Project suggests the possibility of discovering a large, well-mineralized skarn system, which is favorable for exploration using various geophysical methods [10].