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Iran’s senior clerics ‘exposed’ after building strike in Qom, succession choice looms

Senior Iranian clerics would have been left ‘exposed’ after an Israeli airstrike hit a meeting place where they were supposed to be convening Tuesday — days after a strike leveled the Tehran compound of Supreme Leader Ayatollah Ali Khamenei, a defense analyst has claimed.

The clerics, members of the Assembly of Experts, had reportedly planned to meet at the location in Qom to deliberate succession plans for Khamenei, who was killed in the strikes, according to The Times of Israel.

‘This second strike would be another embarrassment to what has been left of the regime,’ Kobi Michael, a senior researcher at the Institute for National Security Studies and the Misgav Institute, told Fox News Digital.

‘It indicates intelligence dominance and superiority because any movement is detected, meaning they would feel exposed,’ Michael added.

‘As of now, the leadership would feel insecure and hunted, with all of their plans collapsing one after another.’

‘They would feel totally isolated and understand that the biggest risk might come from home — from a potential uprising next,’ he added.

Israel Defense Forces spokesman Brig. Gen. Effie Defrin confirmed that the Israeli Air Force struck the building where senior clerics had planned to assemble, The Times of Israel reported.

It remains unclear how many of the 88 members were present at the time of the strike, according to an Israeli defense source cited by the outlet. The second strike on Iran’s leadership comes amid a broader military campaign.

As previously reported by Fox News Digital, U.S. forces have struck more than 1,700 targets across Iran in the first 72 hours of Operation Epic Fury, according to a U.S. Central Command fact sheet.

The campaign is aimed at dismantling Iran’s security apparatus and neutralizing what officials describe as imminent threats.

According to U.S. Central Command, targets have included command-and-control centers, the Islamic Revolutionary Guard Corps Joint Headquarters, the IRGC Aerospace Forces headquarters, integrated air defense systems and ballistic missile sites.

‘We need strategic patience and determination, and in several weeks most of the job will be accomplished,’ Michael added. ‘Even if the regime does not collapse, Iran will not be like we used to know.

‘I assume that the U.S. and Israel will establish a very robust monitoring mechanism that will enable them to react whenever the regime tries to reconstitute its military capacities again.’

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Iran’s drone swarm attacks unleash ‘exponential costs’ on US, prolonging war: ‘Asymmetric capability’

Iran is waging a mass drone campaign across the Middle East, unleashing waves of low-cost, one-way attack drones also known as unmanned aerial vehicles (UAVs), against Western-linked targets to impose ‘exponential cost on the U.S.,’ a defense expert has warned.

As Tehran reportedly launched thousands of Shahed drones across the region and Iranian state media shared footage of underground stockpiles, Cameron Chell, CEO of drone maker and tech company Draganfly, said Iran’s strategy is designed to force high-end defenses to counter cheap aerial threats.

‘Even a hundred of these drones in the hands of a decentralized unit can cause terror in a neighboring state like never before imagined,’ Chell told Fox News Digital. ‘The Iranians cannot win the war with these drones, but like the [communist] Viet Cong [during the Vietnam War], they have an asymmetric capability that can prolong this war and create political pressure.’

‘Iran can drive terror in unimaginable ways and drive exponential costs on the U.S. side, having to target these small, very hard-to-detect drone units,’ he added.

Chell’s warning comes as tensions spiraled following Saturday’s joint U.S.-Israel strikes on Iran targeting nuclear sites, missile facilities and leadership that killed Supreme Leader Ayatollah Ali Khamenei and several commanders.

The Iranian drones have proved deadly, having killed six U.S. service members in an attack on a tactical center in Kuwait earlier this week.

A CIA station in the U.S. Embassy in the Saudi capital of Riyadh was struck in an Iranian drone attack Tuesday, causing a limited fire but no reported injuries.

In Bahrain, drones reportedly identified as Iranian Shahed models smashed into the upper floors of the Era View Tower in Manama, about one mile from a U.S. Navy base.

An Iranian drone also struck a parking lot outside the U.S. Consulate in Dubai, while the United Arab Emirates said it intercepted Iranian missiles and drone attacks targeting the country.

‘Based on the engine sound, the apparent attack angle and the implied speed, to the best of my knowledge, this was a Shahed-class one-way attack drone,’ Chell said of the Dubai consulate attack video before suggesting the drone footage showed ‘a Shahed 191.’

Fars News Agency also released footage purporting to show scores of attack drones stockpiled in vast underground tunnels in Iran.

The video appeared to show rows of triangular-shaped drones on rocket launchers, missiles lined up, four to a launcher vehicle and walls adorned with Iranian flags and photographs of Khamenei. Outlets noted that the video’s timing and location remain unverified.

‘It is hard to confirm that Iran has the capability now to produce these drones in these volumes during wartime,’ Chell said of the stockpiling footage.

‘To the extent they were producing these in those numbers, a more-than-significant portion would have been for delivery to Russia — which does not seem impossible. That said, the drones in the underground propaganda video are Shahed 191 drones.’

A new report from the Carnegie Endowment for International Peace also underscored Chell’s comments on expense and range.

‘Right now, Iran is using a mixture of ballistic missiles and attack drones,’ said senior fellow Dara Massicot. ‘The methods are effective, but targeting drones in this way is resource-intensive and expensive, and it will drain certain types of interceptors quickly.’

‘Ground-based air defense interceptor missiles are not infinite, and the United States and its partners and allies have had stockpile challenges in this area for years,’ she added.

Another senior fellow, Steve Feldstein, added, ‘An important point is that the world is entering a new age of drone war as unmanned aircraft are proliferating on the battlefield in major conflicts and smaller ones.’

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Rising star Talarico topples progressive firebrand Crockett in high-stakes Texas Senate Democratic primary

– James Talarico, a Democratic state lawmaker from Texas with a surging national profile, defeated Rep. Jasmine Crockett, a nationally known politician, progressive firebrand, and vocal critic and foil of President Donald Trump, to win the Democratic Senate primary in Texas, according to the Associated Press.

Talarico, 36, will now try to become the first Democrat in nearly four decades to win a Senate election in Texas, as he faces off against the winner of a bruising Republican primary runoff between longtime incumbent Sen. John Cornyn and Texas Attorney General Ken Paxton.

This year’s Senate showdown in Texas is one of a handful across the country that could determine if Republicans hold their majority in the chamber in the midterm elections. The GOP currently controls the chamber 53-47.

In the final weeks leading up to Tuesday’s Democratic primary, race became a key factor in the showdown between Talarico, a former middle school teacher and Presbyterian seminarian who is considered a rising star among Democrats, and Crockett, a civil rights attorney first elected to Congress in 2022.

Talarico, who is White, was accused a month ago by an influencer of calling former Rep. Colin Allred, a former rival for the 2026 Senate nomination, a ‘mediocre Black man.’ 

Allred, the 2024 Democratic Senate nominee, was making a second straight run after losing two years ago to Republican Sen. Ted Cruz by eight points.

He ended his Senate campaign late last year, just before Crockett announced her candidacy. Allred, a former college football star who played professionally in the NFL and later became a civil rights attorney, is now running for his old House seat.

Morgan Thompson, the influencer who goes by the username @morga_tt on TikTok, in a social media post claimed Talarico told her in a private conversation that he had ‘signed up to run against a mediocre Black man, not a formidable, intelligent, Black woman.’

Pushing back against Thompson’s characterization of their conversation, Talarico said in a statement, ‘In my praise of Congresswoman Crockett, I described Congressman Allred’s method of campaigning as mediocre — but his life and service are not. I would never attack him on the basis of race.’

Allred, responding in a social media video on Monday, said: ‘James, if you want to compliment Black women, just do it. Just do it. Don’t do it while also tearing down a Black man.’

The 44-year-old Crockett, who is Black, said in a statement that Allred ‘drew a line in the sand.’

‘He made it clear that he did not take allegations of an attack on him as simply another day in the neighborhood, but more importantly, his post wasn’t about himself,’ Crockett, who was endorsed by Allred, said. ‘It was a moment that he decided to stand for all people who have been targeted and talked about in a demeaning way as our country continues to be divided.’

A couple of weeks later, Crockett claimed that a Talarico-aligned super PAC had darkened her skin tone in an ad and said it was ‘straight up racist.’

She also argued late last month that talk that she wasn’t electable statewide was a ‘dog whistle’ that was ‘tearing down a Black woman,’ and that she was the ‘most qualified’ candidate.

Talarico, who was first elected to the Texas House in 2018 by flipping a red district in northeast Austin and surrounding suburbs, highlighted his ability to win over Republican voters. And he questioned whether Crockett could run a competitive general election campaign.

While dramatically outraising and outspending Crockett the past two months, Talarico cast himself as the underdog in the primary battle against the better-known congresswoman.

Talarico, who speaks openly about his faith and how it shapes his progressive policy agenda, last year started garnering national attention through a slew of social media appearances that went viral. Also boosting his profile were his TikTok videos, which have grabbed millions of views, and his appearance last July on Joe Rogan’s top-rated podcast.

Rogan suggested during the interview that Talarico should run for president.

A month later, Talarico was a regular on the cable news networks, conducting dozens of national media interviews, as he and dozens of his fellow Democrats in the Texas House fled the state for weeks, to delay the eventual Trump-led redistricting push in Texas to create up to five more right-leaning congressional seats

Talarico launched his Senate campaign a month later, in September.

Last month, Talarcio grabbed even more national attention when his appearance on ‘The Late Show with Stephen Colbert’ was bumped off broadcast TV and instead appeared on YouTube. Colbert accused his network, CBS, of blocking the interview by citing guidelines from the Federal Communications Commission (FCC).

The controversy appeared to boost Talarico, with his campaign saying they hauled in $2.5 million in fundraising in the 24 hours ‘following his censored’ interview.

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Steve Barton: Gold, Silver, Oil — Key Price Levels to Watch Now

Steve Barton, host of In It To Win It, shares key price levels for silver and gold.

He also explains his current approach to the oil and copper markets, and outlines an emerging opportunity in nickel as Indonesia loosens its hold on the space.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

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Apple unveils new Studio Display and all-new Studio Display XDR

Studio Display XDR is the world’s best pro display, featuring a 27-inch 5K Retina XDR display with a mini-LED backlight, 2000 nits of peak HDR brightness, and a 120Hz refresh rate

Apple® today announced a new family of displays engineered to pair beautifully with Mac® and meet the needs of everyone, from everyday users to the world’s top pros. The new Studio Display ® features a 12MP Center Stage® camera, now with improved image quality and support for Desk View; a studio-quality three-microphone array; and an immersive six-speaker sound system with Spatial Audio. It also now includes powerful Thunderbolt 5 connectivity, providing more downstream connectivity for high-speed accessories or daisy-chaining displays. The all-new Studio Display XDR takes the pro display experience to the next level. Its 27-inch 5K Retina® XDR display features an advanced mini-LED backlight with over 2,000 local dimming zones, up to 1000 nits of SDR brightness, and 2000 nits of peak HDR brightness, in addition to a wider color gamut, so content jumps off the screen with breathtaking contrast, vibrancy, and accuracy. With its 120Hz refresh rate, Studio Display XDR is even more responsive to content in motion, and Adaptive Sync dynamically adjusts frame rates for content like video playback or graphically intense games. Studio Display XDR offers the same advanced camera and audio system as Studio Display, as well as Thunderbolt 5 connectivity to simplify pro workflow setups. The new Studio Display with a tilt-adjustable stand starts at $1,599, and Studio Display XDR with a tilt- and height-adjustable stand starts at $3,299. Both are available in standard or nano-texture glass options, and can be pre-ordered starting tomorrow, March 4, with availability beginning Wednesday, March 11.

‘Apple has led the industry in delivering the world’s most advanced displays for pros to do their life’s best work, and today we do that once again with the introduction of the new Studio Display family,’ said John Ternus, Apple’s senior vice president of Hardware Engineering. ‘Studio Display gets even better with a new 12MP Center Stage camera and powerful Thunderbolt 5 connectivity. And the Studio Display XDR is a huge leap forward for XDR technology, with a mini-LED backlight, 2000 nits of peak HDR brightness, advanced color accuracy, and a 120Hz refresh rate, transforming workflows like filmmaking, design and print, and 3D animation. It’s by far the world’s best pro display.’

Studio Display — the Perfect Companion to Mac

The new Studio Display pairs excellent visual quality with compelling features that deliver a great experience when connected to a Mac across a range of professional workflows — from photo and video editing to coding, music production, and everyday tasks. The stunning 27-inch 5K Retina display boasts over 14 million pixels, 600 nits of brightness, and P3 wide color for rich, true-to-life imagery. Studio Display includes a 12MP Center Stage camera, now with Desk View; a studio-quality three-microphone array; and an incredible six-speaker sound system with four force-cancelling woofers that deliver 30 percent deeper bass than the previous generation, plus two high-performance tweeters for immersive audio. Studio Display also brings Thunderbolt 5 connectivity with two ports, so users can daisy-chain up to four Studio Display models for a combined nearly 60 million pixels, or connect high-speed accessories. 1 In addition, two USB-C ports can be used for peripherals and charging. With the included Thunderbolt 5 Pro cable, users get a convenient all-in-one connection that offers up to 96W of charging power — enough to fast-charge a 14-inch MacBook Pro®. 2 Studio Display is available with standard glass or optional nano-texture glass for challenging lighting conditions. It comes with a tilt-adjustable stand, or can be configured with a tilt- and height-adjustable stand or a VESA mount adapter for custom desk setups.

Studio Display XDR — the World’s Best Pro Display

The all-new Studio Display XDR delivers the most advanced display technology and a robust set of features for pro users who need the ultimate front-of-screen performance. With 2000 nits of peak HDR brightness, a 1,000,000:1 contrast ratio, P3 and Adobe RGB wide color gamuts, a 120Hz refresh rate, Adaptive Sync, new DICOM medical imaging presets, a powerful combination of camera and audio, and Thunderbolt 5 connectivity, Studio Display XDR is designed for workflows like HDR video editing, 3D rendering, and diagnostic radiology. 2

Advanced XDR Display Technology

Studio Display XDR features a stunning 27-inch 5K Retina XDR display with 5120-by-2880 resolution, offering exceptional detail and clarity. The mini-LED backlight utilizes 2,304 local dimming zones that enable extreme contrast. Studio Display XDR also delivers up to an outstanding 1000 nits of SDR brightness, 2000 nits of peak HDR brightness, and a 1,000,000:1 contrast ratio. This wide dynamic range — from the brightest brights to the deepest blacks — makes HDR content pop off the screen while virtually eliminating distracting halo and blooming effects.

Enhanced Color Accuracy

Ideal for print and design professionals, Studio Display XDR adds Adobe RGB color gamut support, in addition to P3 wide color, making it an even better reference display. This results in more than 80 percent Rec. 2020 coverage for HDR video editing and color grading. Both P3 and Adobe RGB are accessible from the same default preset, streamlining pro workflows that frequently switch between color spaces.

Smooth 120Hz Refresh Rate and Adaptive Sync

Studio Display XDR features a 120Hz refresh rate, enabling smooth, ultra-responsive motion. Adaptive Sync supports a continuously variable refresh rate between 47Hz to 120Hz, making gaming more fluid with faster frame delivery and lower display latency.

Innovative DICOM Medical Imaging

Today, Apple introduces new DICOM medical imaging presets and the Medical Imaging Calibrator to enable use in diagnostic radiology, allowing radiologists to view diagnostic images directly on Studio Display XDR. 2 Many medical professionals already use Mac for their office or home setups, and Studio Display XDR offers a versatile alternative to single-purpose medical imaging displays, with seamless display mode switching. The Medical Imaging Calibrator on macOS® is pending FDA clearance and is expected to be available soon in the U.S. For decades, healthcare professionals and developers have taken advantage of Apple’s innovative products and frameworks to help achieve better patient outcomes, broaden research opportunities, and improve efficiency across healthcare systems. Apple continues to innovate and collaborate with the healthcare community on solutions to ultimately improve care for their patients.

Powerful Combination of Camera, Audio, and Thunderbolt 5 Connectivity

Studio Display XDR features a 12MP Center Stage camera that keeps users centered in the frame as they move. Video calls become more engaging with Desk View, which simultaneously displays the user and a top-down view of their desk — great for demonstrating a creative project. It also includes a studio-quality three-microphone array with directional beamforming and an immersive six-speaker sound system with support for Spatial Audio.

Studio Display XDR also features Thunderbolt 5 connectivity, with a second port for connecting downstream high-speed accessories or daisy-chaining other displays. And with two additional USB-C ports for even more connectivity, it can act as a Thunderbolt hub, keeping a workspace free of clutter while offering up to 140W of charging power through the included Thunderbolt 5 Pro cable — enough to fast-charge a 16-inch MacBook Pro. 3

Versatile Stand and Accessories

Studio Display XDR includes a tilt- and height-adjustable stand to meet the needs of a variety of workspaces. With a height range of 105mm, the stand features a sophisticated counterbalancing arm that makes the display feel weightless, and as users adjust it, the display stays precisely in place. An optional VESA mount adapter is available for those who prefer to use VESA-compatible stands, mounts, and arms for a customized desk setup.

Studio Display Family and the Environment

Studio Display and Studio Display XDR were built with the environment in mind, and bring Apple even closer to reaching its ambitious plan to be carbon neutral across its entire footprint by 2030. Both are made with recycled content, including 100 percent recycled aluminum in the stand and 80 percent recycled glass in the standard glass option. Studio Display and Studio Display XDR are designed to be durable, repairable, and also offer industry-leading software support, while meeting Apple’s high standards for energy efficiency and safe chemistry. The paper packaging is 100 percent fiber-based and was designed to collapse so it can be easily recycled. 4

Pricing and Availability

  • Studio Display starts at $1,599 (U.S.) and $1,499 (U.S.) for education. Studio Display XDR replaces Pro Display XDR and starts at $3,299 (U.S.) and $3,199 (U.S.) for education.

Apple revolutionized personal technology with the introduction of the Macintosh in 1984. Today, Apple leads the world in innovation with iPhone, iPad, Mac, AirPods, Apple Watch, and Apple Vision Pro. Apple’s six software platforms — iOS, iPadOS, macOS, watchOS, visionOS, and tvOS — provide seamless experiences across all Apple devices and empower people with breakthrough services including the App Store, Apple Music, Apple Pay, iCloud, and Apple TV. Apple’s more than 150,000 employees are dedicated to making the best products on earth and to leaving the world better than we found it.

Footnotes

1 Users can daisy-chain up to four Studio Display models with a MacBook Pro with M5 Max.

2 The Medical Imaging Calibrator is pending FDA review and is expected to be available soon. The medical imaging presets should not be used for diagnostic purposes unless the display has been calibrated using the Medical Imaging Calibrator on macOS and paired with a compatible DICOM viewer. The presets are available on Studio Display XDR and are intended for use by medical professionals. Not intended for use in mammography.

3 Charge time varies with settings and environmental factors; actual results will vary.

4 Breakdown of U.S. retail packaging by weight. Adhesives, inks, and coatings are excluded from calculations.

NOTE TO EDITORS: For additional information visit Apple Newsroom ( www.apple.com/newsroom ), or email Apple’s Media Helpline at media.help@apple.com .

© 2026 Apple Inc. All rights reserved. Apple, the Apple logo, Mac, Studio Display, Studio Display XDR, Retina, Center Stage, MacBook Pro, macOS, Apple Store, Magic Keyboard, Touch ID, Magic Trackpad, Magic Mouse, AppleCare, AppleCare+, AppleCare One, Apple Card, and Daily Cash are trademarks of Apple. Other company and product names may be trademarks of their respective owners.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260303051854/en/

Lizette Viviana Du Pond
Apple
ldupond@apple.com

Starlayne Meza
Apple
starlayne_meza@apple.com

News Provided by Business Wire via QuoteMedia

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Gold, Silver Prices Spike on US-Iran War

Prices for gold and silver spiked higher over the weekend and in early morning trading on Monday (March 2) as a full-blown war broke out in the Middle East.

Tensions between Iran on one side and the US and Israel on the other have been intensifying over the past few weeks.

On Sunday (February 28), the US and Israel launched Operation Epic Fury, a massive military campaign targeting multiple locations across Iran. The Trump administration has said the aim of the operation is eliminating Iran’s nuclear and missile capabilities, while also encouraging regime change.

The legality of the military action is being heavily debated as it was not approved by US Congress.

Iran’s supreme leader, Ayatollah Ali Khamenei, was killed in the initial strikes, along with dozens of other senior Iranian leaders. The conflict has since escalated into a large-scale regional war after Iran retaliated with missile strikes and drone attacks on US military bases and allied targets in Israel, the United Arab Emirates, Saudi Arabia, Qatar, Bahrain and Kuwait, where at least four US service members lost their lives.

The gold price responded quickly to the events, rallying to an intraday high of US$5,419.60 per ounce on Monday. Silver also benefited from a rush to safe-haven assets, surging to US$97.30 per ounce. By 12:00 p.m. PST, both metals had retreated, with gold back down to around the US$5,330 mark and silver trading at US$89.44.

How should investors react to price-spiking geopolitical events?

‘If we do see prices go nuts on that fear trade, that would probably fade. So don’t chase that,’ he said.

‘Maybe that’s not what everybody wants to hear. They want to hear, ‘Oh, it’s going to the moon.’ But experience suggests that geopolitical scares tend to produce short-term spikes,’ Tiggre added.

He also explained that the US and Israel’s military actions against Iran were not entirely unexpected and mostly already priced into the market. Hence, a return to the mean is expected.

Prior to this latest run in precious metals prices, gold was trading below the US$5,200 level, while silver was below US$90. The interest rate environment seems to be the chief factor capping gains for gold and silver.

What is giving gold upward support, according to Tran, is robust institutional demand.

“From a flow perspective, a notable signal comes from SPDR Gold Trust, which purchased nearly 19 tons over three consecutive sessions. The swift return of institutional inflows suggests that hedging demand remains intact,” she said.

Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.

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Hudbay to Acquire Arizona Sonoran, Creating North America’s Third-Largest Copper District

Hudbay Minerals (TSX:HBM,NYSE:HBM) is doubling down on Arizona, striking a deal to acquire Arizona Sonoran Copper Company in a transaction that would create North America’s third-largest copper district.

The deal gives Hudbay 100 percent ownership of the Cactus project in southern Arizona, adding it to the company’s existing Copper World development and establishing what the company describes as a major copper hub in the state.

Under the definitive arrangement agreement, Hudbay will acquire all outstanding shares of Arizona Sonoran that it does not already own in an all-share transaction. The offer represents a 30 percent premium to ASCU’s closing price that day and a 36 percent premium based on the companies’ 20-day volume-weighted average prices.

“The acquisition of ASCU is a highly compelling transaction that further enhances Hudbay’s copper growth platform in the US. Cactus is a high-quality, large-scale copper development asset in a mining jurisdiction that we know well,” CEO and President Peter Kukielski said in the company’s press release Monday (March 2).

“Together with the advancement of Copper World, this transaction creates one of the most significant copper districts in North America and reinforces Hudbay’s position as a premier copper growth company.”

Hudbay currently produces roughly 125,000 tons of copper annually. With Copper World and near-term optimization projects, the company sees a pathway to more than 250,000 tons per year by 2030.

The addition of Cactus offers potential to lift annual output beyond 350,000 tons, positioning Hudbay as a leading supplier of domestically refined US copper cathode.

Copper World is expected to produce about 92,000 tons of copper annually by 2030, while Cactus could add approximately 103,000 tons per year once developed.

Cactus hosts proven and probable reserves of 5.3 billion pounds of copper with expected annual production of 103,000 tons over a 20-year mine life. Copper World, meanwhile, contains 4.6 billion pounds of copper, with expected annual output of 93,000 tons over the same period.

Cactus sits on private land in Arizona and is fully permitted under a 2021 preliminary economic assessment, though amendments will be required for the 2025 prefeasibility study.

Together, the projects could create the second-largest US copper cathode district.

Hudbay also outlined several potential efficiencies, including redeploying the Copper World construction team to Cactus, using sulphuric acid produced at Copper World to leach oxide ore at Cactus, and achieving between US$5 million and US$10 million in annual corporate savings.

For Arizona Sonoran shareholders, the transaction offers an upfront premium while retaining exposure to Cactus through ownership in a larger, diversified producer.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

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Domestic Metals

Investor Insight

Domestic Metals is advancing the Smart Creek Project in Montana, leveraging an option agreement with Rio Tinto and a newly expanded technical team to target world-class copper and gold discoveries.

Overview

Touted as a ‘central bottleneck of the electrified future’, copper is facing great demand outpacing supply. In a recent outlook, S&P Global estimates the market could potentially face as much as 10 million metric tons by 2040 in copper shortfall.

This gap strategically positions Domestic Metals as an opportunity for investors.

Domestic Metals (TSXV:DMCU,OTCQB:DMCUF,FSE:03E) is an exploration company focused on its flagship Smart Creek Project in Montana, where it aims to discover an underlying porphyry system and Carbonate Replacement Deposit (CRD).

Located in the premier mining-friendly jurisdiction of Montana, the state hosts world-class assets including the Butte Mine, which has produced over 22 billion pounds of copper, and Sandfire Resources’ (ASX:SFR) Black Butte project, containing an updated measured and indicated mineral resource of 18.9 million tonnes at 2.4 percent copper. Smart Creek’s potential is further bolstered by its proximity to significant discoveries like Ivanhoe Electric’s (NYSEAmerican:IE,TSX:IE) Hog Heaven project, which announced the intersection of a porphyry copper-gold-molybdenum system within a large, deep anomaly.

Rio Tinto previously drilled 26 out of 40 permitted sites at Smart Creek over 2.5 years, drilling towards a porphyry centre. The best hole returned 109.73 metres at 0.75 percent copper, which included 89 metres of 0.97 percent copper.

Further to the geology, Domestic Metals is led by a management and technical team with a distinguished track record in mine discovery, development, and multi-million-dollar financings. By leveraging relationships with industry majors and technical expertise in porphyry and CRD systems, Domestic Metals is rapidly advancing its targets toward discovery. This momentum is backed by a proactive approach to the current global critical metal demand and US government mandates prioritizing domestic base metal production.

Company Highlights

  • Exceptional Surface Grades: The 2025 field campaign returned high-grade samples, highlighted by 102 g/t gold, 23.1 percent copper, and 3,810 g/t silver.
  • World-Class Team: Dr. Peter Megaw, a globally recognized authority on Carbonate Replacement Deposits (CRDs) and discoverer of MAG Silver’s Juanicipio, has joined the team to guide exploration, together with President & CEO Gordon Neal who has had a successful track record building MAG Silver and New Pacific Metals
  • Mining-Friendly Jurisdiction: Operations are focused in Montana, USA, a mining-friendly state ranked 6th in 2024 by the Fraser Institute for investment attractiveness, with a legacy of massive production at the nearby Butte Mine.

Key Project

Smart Creek Project – Montana, USA

The Smart Creek Project is strategically located 100 km southeast of Missoula and 20 km north of Philipsburg, Montana, and has year-round accessibility via a network of highways and gravel roads. The project hosts four compelling exploration targets including porphyry copper, epithermal gold, replacement, and exotic copper. It encompasses 4,187 hectares and features the same geological trend and age as the Butte Mine which has produced over 2.5 billion pounds of copper since 1985, with a projected 32 years of production ahead remaining.

The Smart Creek project is highly prospective for high-grade CRD, copper-gold porphyry systems, and epithermal gold deposits. Domestic Metals has identified four primary targets at Smart Creek:

  • Smart Creek Target: Joint venture partner Rio Tinto previously intersected 109.73m at 0.75 percent copper.
  • Sunrise Mine: A historical producer of high-grade gold-copper replacement mineralization, now showing potential for an underlying porphyry.
  • Radio Tower: A large alteration footprint (1,000m x 1,300m) with coincident copper-in-soil anomalies and IP chargeability features.
  • Smart Creek Exotic: A copper-gold porphyry target identified at depth.

Following a successful 2025 field campaign that significantly increased the mineralized footprint, the company is initiating a 27 line-kilometer electrical geophysics program to refine targets for a 10,000-meter diamond drill program commencing in Q1 2026.

Management Team

Gordon Neal – President, CEO & Director

A founding member of MAG Silver, Neal previously served as VP Corporate Development for Silvercorp Metals and President of New Pacific Metals. He has raised over $750M in the resource sector and has a proven history of building shareholder value through economic discoveries.

Dr. Peter Megaw, Ph.D., C.P.G. – Technical Advisor

Dr. Megaw is a world-renowned CRD expert with over 30 years of experience. He was instrumental in discovering the Juanicipio and Cinco de Mayo properties for MAG Silver, receiving the PDAC Thayer Lindsley Award in 2016 for these achievements.

Dan MacNeil, MSc PGeo – Technical Advisor

A copper and gold specialist with 25+ years of experience, MacNeil contributed significantly to discoveries at Eskay Creek and Donlin Creek. He provides essential technical oversight as a Qualified Person.

Dr. Alan Wainwright, PhD PGeo – Technical Advisor

With 25+ years in mineral exploration, Dr. Wainwright was a member of the Coffee Gold discovery team and completed his PhD research with Ivanhoe Mines at the world-class Oyu Tolgoi mine in Mongolia.

Stuart Ross – CFO

Stuart Ross has served as a senior officer and director for multiple public companies listed on the NASDAQ and TSXV, with extensive experience in the mining and merchant banking sectors.

Patricio Varas – Chairman of the Board

The former CEO of Western Potash, Varas was part of the discovery team for the Diavik Diamond Mine and held executive roles with Far West Mining.

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Fortune Bay Drills Multiple Gold Zones at Goldfields including 6.61 g/t over 5.0 m within 2.54 g/t over 17.0 m

Drilling at the Box deposit continues to demonstrate wide-open mineralization beyond the PEA open-pit

Fortune Bay Corp. (TSXV: FOR,OTC:FTBYF) (FWB: 5QN) (OTCQB: FTBYF) (‘Fortune Bay’ or the ‘Company’) is pleased to announce assay results for the initial three drill holes from the ongoing exploration drilling program at its 100% owned Goldfields Gold Project (‘Goldfields’ or the ‘Project’) in Saskatchewan, one of Canada’s top mining jurisdictions.

The three drill holes were designed to test substantial down-dip gaps in previous drill coverage at the Box deposit (up to 170 m) targeting resource expansion beyond the open-pit limits defined in the Updated Preliminary Economic Assessment (‘Updated PEA’).

The results confirm the continuation of structurally-controlled, higher-grade mineralization at depth.

Assay Highlights:

  • Hole B25-346
    • 2.54 g/t over 17.0 m, including
    • 6.61 g/t over 5.0 m
  • Hole B25-347
    • 6.95 g/t over 2.0 m
    • 3.72 g/t over 3.0 m
    • 4.55 g/t over 3.0 m
    • 2.76 g/t over 7.0 m, including
    • 5.63 g/t over 3.0 m
    • 8.72 g/t over 2.0 m
  • Hole B25-348
    • 2.29 g/t over 9.3 m, including
    • 4.68 g/t over 3.0 m

Gareth Garlick, VP Technical Services, commented, ‘These results add to a growing inventory of strong assays down dip at Box, reinforcing potential for resource growth through additional delineation drilling. Gold mineralization remains wide open down dip at Box, and we are looking forward to additional assays from larger step-out holes that have recently been completed’.

Dale Verran, CEO, added, ‘While PFS-level development is advancing for an open-pit mine at Goldfields, we believe the broader gold resource base has meaningful growth potential through continued expansion and exploration drilling at numerous targets. With nearly all the PEA open-pit resources already classified in the Indicated category, we are uniquely positioned to direct our drill budget toward expansion and discovery rather than resource delineation infill. This provides an opportunity to unlock additional near-mine ounces that could further enhance Goldfields’ already robust economics and strengthen the long-term development profile of the Project.’

Box Deposit – Down-Dip Expansion

As illustrated in Figure 1, the results from B25-346, B25-347 and B25-348 contribute to an expanding dataset of strong down-dip assay intercepts at Box, supporting the potential for delineation of additional mineral resources.

Drill Hole Details and Assay Results

The initial three drill holes at Box were designed to test significant gaps in down-dip drill coverage (up to 170 metres), extending down-dip up to 300 metres beyond the open-pit designed in the Updated PEA. All three holes successfully intersected the mineralized Box Mine Granite (‘BMG’) at or near the depths predicted by the geological model. Observed mineralization characteristics – including quartz vein orientation, thickness, and vein density – are consistent with those documented elsewhere within the deposit.

Higher gold grades at the Box deposit are typically associated with discrete north-south trending structural zones exhibiting increased quartz vein intensity. These higher-grade zones, extending below the Updated PEA open-pit base, present attractive targets for delineation drilling focused on expanding the mineral resources.

The current drilling at Box is oriented towards the east, with dips as shallow as practically achievable (approximately -55° to -60°) to intersect structural zones at the highest angle possible (closest to true thickness) and to maximise the internal coverage of the BMG for each drill hole.

Table 1: Assay results for drill holes B25-346, B25-347 and B25-348.

Hole ID

From (m)

To (m)

Length (m)

Au (g/t)

Collar
Location

Azimuth /

Dip

B25-346

228

245

17.0

2.54

X 640436

Y 6593101

070 / -60

incl.

228

233

5.0

6.61

254

273

19.0

1.42

B25-347

297

312

15.0

1.91

X 640362

Y 6593025

083 / -56

incl.

297

299

2.0

6.95

and

305

308

3.0

3.72

355

374

19.0

1.86

incl.

357

360

3.0

4.55

and

367

374

7.0

2.76

incl.

371

374

3.0

5.63

432

434

2.0

8.72

B25-348

273.68

283

9.3

2.29

X 640309

Y 6592953

085 / -62

incl.

275

278

3.0

4.68

294

298

4.0

1.60

309

319

10.0

1.26

Notes:

1.

Additional assay results for B25-348 are pending (from 448 to 480 metres)

2.

Results shown are assays from 1 metre samples composited into longer intervals with a minimum lower cut-off of 0.5 g/t Au, and maximum 5 metres of consecutive waste defined as < 0.3 g/t Au.

3.

Lengths shown represent core length. True thickness of the mineralized intercepts is expected to be approximately 80% of the core length based on the dominant mineralized quartz vein orientations at Box, however this may vary on an individual sample basis.

4.

Sample locations are provided in NAD83 UTM Zone 12N. Hole azimuths are true north.

2025-2026 Exploration Drilling Program

The assay results from the three drill holes reported herein form part of a broader exploration drilling program initiated in late 2025, comprising approximately 3,250 metres of planned drilling. The program is designed to evaluate opportunities for mineral resource expansion at the Box and Athona deposits, as well as the potential to define new mineral resources at underexplored historical occurrences including Frontier, Golden Pond, and Triangle. All targets are located within two kilometres of past-producing and anticipated future mine infrastructure (Figure 2).

Technical Disclosure & Qualified Person

All drilling is being carried out with NQ diameter. Core trays are transported directly from the drill rig to the Company’s logging facility in Uranium City. Sample intervals are selected for assay based on observations of lithology type, presence of quartz veins and sulphides. These intervals are marked up for continuous sampling with one metre sample increments (adjusted where necessary to not cross lithological boundaries). Core is sawn in half along the core axis for sampling, with the remaining half preserved and stored in the core box. Samples are bagged and placed in plastic pails sealed with security tags for export by air freight to Saskatoon (CA).

All sample processing is being carried out by SRC Geoanalytical Laboratories in Saskatoon using their screened metallics sample process method, which includes; (1) crushing and homogenization of the entire sample; (2) split off a representative 1 kg split for analysis; (3) pulverizing the split with 95 % passing 150 mesh; (3) screening the split at 150 mesh; (4) assay the entire +150 mesh fraction; (5) duplicate assay of two 30 g splits of the -150 mesh fraction; and (6) calculation of the weighted average gold content (in g/t) for the entire sample. All assay is carried out by fire assay with a gravimetric finish.

Certified reference blank and standard material is being used by the Company for independent QAQC of assay results. QAQC samples are inserted into assay sample sequences and results are reviewed to assess for any potential laboratory contamination and to verify assay accuracy and precision. A selected suite of samples will also be sent to another laboratory for additional ‘umpire’ assay testing to further verify the results.

Details for the Updated PEA for Goldfields are provided in the technical report titled ‘Goldfields Project Updated NI 43-101 Technical Report & Preliminary Economic Assessment, Saskatchewan, Canada’, dated October 20, 2025, prepared by Kevin Murray, P.Eng.; Scott C. Elfen, P.E.; James Millard, P.Geo.; Jonathan Cooper, P.Eng.; Marc Schulte, P.Eng.; Cliff Revering, P.Eng.; and Ron Uken, Pr.Sci.Nat. for Fortune Bay Corp. The technical report is available under the Company’s issuer profile on SEDAR+ (www.sedarplus.ca) and on the Company’s website at www.fortunebaycorp.com.

The technical and scientific information in this news release has been reviewed and approved by Gareth Garlick P.Geo., Vice-President Technical Services of the Company, who is a Qualified Person as defined by NI 43-101. Mr. Garlick is an employee of Fortune Bay and is not independent of the Company under NI 43‑101.

About Fortune Bay

Fortune Bay Corp. (TSXV:FOR,OTC:FTBYF; FWB:5QN; OTCQB:FTBYF) is a Canadian mineral exploration and development company with assets in Canada and Mexico. The Company’s primary focus is advancing the Goldfields Gold Project in Saskatchewan, Canada. Fortune Bay also holds the Poma Rosa Gold-Copper Project in Chiapas, Mexico, as well as an optioned uranium project portfolio in the Athabasca Basin of Saskatchewan. Fortune Bay continues to evaluate and advance its portfolio in a disciplined manner while maintaining a strong technical foundation and prudent capital management. For more information, please visit www.fortunebaycorp.com or contact info@fortunebaycorp.com.

On behalf of Fortune Bay Corp.

‘Dale Verran’
Chief Executive Officer
902-334-1919

Cautionary Statement

Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management’s current estimates, beliefs, intentions, and expectations. They are not guarantees of future performance. Words such as ‘expects’, ‘aims’, ‘anticipates’, ‘targets’, ‘goals’, ‘projects’, ‘intends’, ‘plans’, ‘believes’, ‘seeks’, ‘estimates’, ‘continues’, ‘may’, variations of such words, and similar expressions and references to future periods, are intended to identify such forward-looking statements, and include, but are not limited to, statements with respect to: the results of the Updated PEA, including future Project opportunities, future operating and capital costs, closure costs, AISC, the projected NPV, IRR, timelines, permit timelines, and the ability to obtain the requisite permits, economics and associated returns of the Project, the technical viability of the Project, the market and future price of and demand for gold, the environmental impact of the Project, and the ongoing ability to work cooperatively with stakeholders, including Indigenous Nations, local Municipalities and local levels of government. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward- looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company’s objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate Indigenous Nations and local Municipalities, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company’s public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law. For more information on Fortune Bay, readers should refer to Fortune Bay’s website at www.fortunebaycorp.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Fortune Bay Corp.

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Sankamap Announces $5.0M Private Placement

Sankamap Metals Inc. (CSE: SCU) (‘Sankamap’ or the ‘Company’) proposes to complete a non-brokered private placement financing of up to 14,285,715 units (‘Units’) at a price of $0.35 per Unit for gross proceeds of up to $5 million (the ‘Offering’). Each Unit will consist of one (1) common share (a ‘Share’) and one-half (12) of a common share purchase warrant (each whole warrant, a ‘Warrant’). Each Warrant will entitle the holder to purchase one (1) additional common share of Sankamap at an exercise price of $0.55 for a period of twenty-four (24) months from the date of issuance. The gross proceeds from the sale of the Units will be used to advance exploration and development of Sankamap’s projects, including the acquisition of a drilling rig to be installed at the Fauro property, which will enable the simultaneous drilling of both the Kuma and Fauro properties, as well as for general working capital purposes.

Sankamap may pay finder’s fees to arm’s length finders (each a ‘Finder‘) in connection with this placement, which are expected to be up to 6.0% of the gross proceeds raised by such Finder, in cash, and share purchase warrants (each a ‘Finder’s Warrant‘) to acquire common shares of Sankamap of up to 6.0% of the number of Units sold to a purchaser or purchasers introduced by the Finder(s). Each Finder’s Warrant will entitle the holder to purchase one (1) common share of Sankamap at an exercise price of $0.35 for a period of twenty-four (24) months from the date of issuance.

The Offering is subject to the approval of the Canadian Securities Exchange (‘CSE‘) and any finder’s fees payable will be issued in accordance with the policies of the CSE and applicable securities laws. All securities issued will be subject to a four-month and one day hold period.

About Sankamap Metals Inc.

Sankamap Metals Inc. (CSE: SCU) is a Canadian mineral exploration company dedicated to the discovery and development of high-grade copper and gold deposits through its flagship Oceania Project, located in the South Pacific. The Company’s fully permitted assets are strategically positioned in the Solomon Islands, along a prolific geological trend that hosts major copper-gold deposits; including Newmont’s Lihir Mine, with a resource of 71.9 million ounces of gold¹ (310 Mt containing 23 Moz Au at 2.3 g/t P+P, 520 Mt containing 39 Moz Au at 2.3 g/t indicated, 81 Mt containing 5 Moz Au at 1.9 g/t measured, 61 Mt containing 4.9 Moz Au at 2.3 g/t Inferred).

Exploration is actively advancing at both the Kuma and Fauro properties, part of Sankamap’s Oceania Project in the Solomon Islands. Historical work has already highlighted the mineral potential of both sites, which lie along a highly prospective copper and gold-bearing trend, suggesting the possibility of further, yet-to-be-discovered deposits.

At Kuma, the property is believed to host an underexplored and largely untested porphyry copper-gold (Cu-Au) system. Historical rock chip sampling has returned consistently elevated gold values above 0.5 g/t Au, including a standout sample assaying 11.7% Cu and 13.5 g/t Au3; underscoring the area’s significant potential.

At Fauro, particularly at the Meriguna Target, historical trenching has returned highly encouraging results, including 8.0 meters at 27.95 g/t Au and 14.0 meters at 8.94 g/t Au4. Complementing these results are exceptional grab sample assays, including historical values of up to 173 g/t Au4, along with recent sampling by Sankamap at the Kiovakase Target, which returned numerous high-grade copper values, reaching up to 4.09% Cu. In addition, limited historical shallow drilling intersected 35.0 meters at 2.08 g/t Au4, further underscoring the property’s strong mineral potential and the merit for continued exploration. With a commitment to systematic exploration and a team of experienced professionals, Sankamap aims to unlock the untapped potential of underexplored regions and create substantial value for its shareholders. For more information, please refer to SEDAR+ (www.sedarplus.ca), under Sankamap’s profile.

1.Newcrest Technical Report, 2020 (Lihir: 310 Mt containing 23 Moz Au at 2.3 g/t P+P, 520 Mt containing 39 Moz Au at 2.3 g/t indicated, 81 Mt containing 5 Moz Au at 1.9 g/t measured, 61 Mt containing 4.9 Moz Au at 2.3 g/t Inferred)

2. Bougainville Copper Ltd. Annual Report, 2016 (1.5 Mt containing 16.1 Moz Au at 0.33 g/t and 4.6 Mt Cu at 0.3 % Indicated, 300 Mt containing 3.2 Moz Au 0.4 g/t and 0.7 Mt Cu Inferred)

3. Historical grab, soil and BLEG samples from SolGold Kuma Review June 2015, and SolGold plc Annual Report 2013/2012

4. September 2010-June 2012 press releases from Solomon Gold Ltd. and SolGold Fauro Island Summary Technical Info 2012

QP Disclosure

The technical content for the Oceania Project in this news release has been reviewed and approved by John Florek, M.Sc., P.Geol., a Qualified Person in accordance with CIM guidelines. Mr. John Florek is in good standing with the Professional Geoscientists of Ontario (Member ID:1228) and a director and officer of the Company.

ON BEHALF OF THE BOARD OF DIRECTORS

s/ ‘John Florek’
John Florek, M.Sc., P.Geol
Chief Executive Officer
Sankamap Metals Inc.

Contact:
John Florek, CEO
T: (807) 228-3531
E: johnf@sankamap.com

The Canadian Securities Exchange has not approved nor disapproved this press release.

Forward-Looking Statements

Forward-Looking Statements Certain statements in this release constitute ‘forward-looking statements’ or ‘forward-looking information’ within the meaning of applicable securities laws including, without limitation, the timing, nature, scope and details regarding the Company’s exploration plans and results at its projects. Such statements and information involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company, its projects, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such statements can be identified by the use of words such as ‘may’, ‘would’, ‘could’, ‘will’, ‘intend’, ‘expect’, ‘believe’, ‘plan’, ‘anticipate’, ‘estimate’, ‘scheduled’, ‘forecast’, ‘predict’ and other similar terminology, or state that certain actions, events or results ‘may’, ‘could’, ‘would’, ‘might’ or ‘will’ be taken, occur or be achieved. These statements reflect the Company’s current expectations regarding future events, performance and results and speak only as of the date of this release.

Forward-looking statements in this press release but are not limited to, statements with respect to the expectations of management regarding the Offering, the expectations of management regarding the use of proceeds of the Offering, closing conditions for the Offering, and no objection from the CSE in respect of the Offering. These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Risks that could change or prevent these statements from coming to fruition include the CSE objecting to the Offering; the proceeds of the Offering may not be used as stated in this news release; Sankamap may be unable to satisfy all of the conditions to the closing required by the CSE. Sankamap does not undertake to update any forward-looking statements or information except as may be required by applicable securities laws.

Not for distribution to United States newswire services or for dissemination in the United States.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/286173

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