PERTH, AUSTRALIA AND VANCOUVER, BC / ACCESS Newswire / February 16, 2026 / Sarama Resources Ltd. (‘Sarama‘ or the ‘Company‘) (ASX:SRR)(TSXV:SWA) is pleased to announce it has appointed Davidson & Company LLP (‘Davidson & Co’) as Sarama’s audit firm, effective 13 February 2026.

Davidson & Co was appointed following the receipt by Sarama of the resignation of HLB Mann Judd, effective 10 February 2026. The Audit Committee of the Board of Directors accepted the resignation of HLB Mann Judd and recommended the appointment of Davidson & Co. The Board of Directors of Sarama, on the recommendation of the Audit Committee, appointed Davidson & Co as the new auditor until the next Annual General Meeting of Sarama.

Sarama sent a Notice of Change of Auditor (the ‘Notice‘) to HLB Mann Judd and to Davidson & Co and has received a letter from each, addressed to the securities commissions in each jurisdiction where Sarama is reporting, stating that they agree with the information contained in the Notice. The Notice and letters (the ‘Change of Auditor Package‘) have been reviewed and approved by Sarama’s Audit Committee and the Board of Directors.

The Change of Auditor Package is available under Sarama’s SEDAR+ profile at www.sedarplus.ca.

This announcement was authorised for release to the ASX by the Board of Sarama Resources Ltd.

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

For further information, please contact:

Andrew Dinning
Sarama Resources Ltd
e: info@saramaresources.com
t: +61 8 9363 7600

SOURCE: Sarama Resources Ltd.

View the original press release on ACCESS Newswire

Surface Metals Inc. (CSE: SUR,OTC:SURMF) (OTCQB: SURMF) (the ‘Company’, or ‘Surface Metals’) is pleased to announce it has engaged Danayi Capital Corp. (‘Danayi’), a full service marketing firm based out of Vancouver, BC, to provide digital marketing services for a 6-month term commencing on February 16, 2026. Under the terms of the agreement between Surface Metals and Danayi, the Company has agreed to pay Danayi one hundred and fifty thousand USD. No compensation in securities of the Company will be paid to Danayi. Danayi Capital Corp., an arm’s length party, is owned by Mehran Bagherzadeh. Based at 550 – 800 West Pender Street, Vancouver, BC, V6C 2V6 (e-mail: mehran@danayi.co; tel: 604-767-2983), Danayi specializes in marketing, advertising and public awareness within the mining and metals sector. To the knowledge of the Company, Danayi does not own any securities of the Company.

About Surface Metals Inc.

Surface Metals Inc. (CSE: SUR,OTC:SURMF) (OTCQB: SURMF) is a North American mineral exploration company focused on advancing a diversified portfolio of gold and lithium projects in Nevada, USA. The Company’s Cimarron Gold Project is located in Nye County, Nevada, in a historically productive gold district. Surface’s Clayton Valley Lithium Brine Project hosts an inferred resource of approximately 302,900 tonnes LCE adjacent to Albemarle’s Silver Peak Mine. Surface Metals is also advancing a sedimentary claystone lithium project in Fish Lake Valley, Nevada.

For more information, please visit: www.surfacemetals.com

Neither the CSE nor its regulations service providers accept responsibility for the adequacy or accuracy of this news release. This news release contains certain statements which may constitute forward-looking information within the meaning of applicable securities laws (‘forward-looking statements’). These include statements regarding the amount of funds to be raised under the Offering, and the use of such funds. There is no guarantee the Offering will be completed on the terms outlined above, or at all. Use of funds is subject to the discretion of the Company’s board of directors, and as such may be used for purposes other than as set out above. Any forward-looking statement speaks only as of the date it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/283975

Bragason has held senior leadership roles in 650 mW+ of Geothermal Energy Infrastructure Deployment Totalling ~$3.3b, Including the World’s Largest Geothermal Power Plant, Hellisheidi in Iceland.

Syntholene Energy CORP (TSXV: ESAF,OTC:SYNTF) (FSE: 3DD0) (OTCQB: SYNTF) (‘Syntholene’), announces the appointment of Eirikur Bragason as Lead Project Manager for Syntholene’s planned synthetic fuel demonstration facility and future commercial scale-up at its cornerstone production footprint in Iceland. Mr. Bragason will support Syntholene’s infrastructure development strategy, project governance, technical risk management, and expansion efforts.

Mr. Bragason brings more than 25 years of experience in geothermal energy development, large-scale power infrastructure, and complex project execution across Europe, Asia, and the Americas, strengthening the Company’s depth in geothermal energy, power plant construction, and large-scale energy infrastructure delivery.

Mr. Bragason has acted as Chief Project Manager or Senior Technical Lead on some of the world’s most significant geothermal and renewable energy projects. These include the Hellisheidi Geothermal Power Plant in Iceland, a combined 300 megawatt electric and 400 megawatt thermal facility recognized as the largest geothermal power plant on Earth. He also served as the Deputy General Manager of Sinopec Green Energy, overseeing a total of 4.2 gigawatts of thermal energy in operation encompassing a total investment of approximately $6 billion. Mr. Bragarson has further overseen major geothermal project development across Indonesia, the Philippines, Hungary, China, and Central Europe.

‘Syntholene is pursuing a technically rigorous and commercially disciplined approach to synthetic fuel production, differentiated by its unique integration of geothermal energy,’ commented Mr. Bragason. ‘I look forward to supporting the company as it transitions from demonstration facility to commercial scale, showcasing its potential to materially improve the economics of clean fuels.’

‘Eirikur is one of the most experienced geothermal project leaders in the world,’ said Dan Sutton, CEO of Syntholene. ‘His direct experience delivering utility-scale geothermal infrastructure, managing multinational development teams, and executing complex energy projects is aligned with Syntholene’s commercial scale-up strategy. As we advance our thermal hybrid power-to-liquids platform and deploy geothermal-anchored synthetic fuel production, his insight and operational discipline will be invaluable.’

Mr. Bragason is a globally recognized expert in geothermal power plant project management. Most recently, he served as Chief Operating Officer of Arctic Green Energy, where he oversaw international geothermal platform development and operational execution. Prior to that, he was Chief Executive Officer and Chief Project Manager of KS Orka Renewables and Orka Energy in Singapore, leading the development and delivery of geothermal assets across multiple jurisdictions.

About Geothermal Energy in Iceland

Iceland’s unique geological position atop the Mid-Atlantic Ridge provides exceptional access to high-temperature geothermal energy, which today serves as a cornerstone of its 100% renewable electricity grid, as well as providing over 90% of the nation’s district heating. This baseload power is characterized by its high capacity factors, often exceeding 90%, providing a level of grid stability that distinguishes it from intermittent renewables like wind and solar.

According to data from the Low-Carbon Power 2025 Report, Iceland’s geothermal infrastructure currently boasts an installed capacity of approximately 799 megawatts electrical equivalent (e), contributing nearly 28% of the country’s total electricity generation. The existing infrastructure, managed by leaders such as Landsvirkjun and ON Power, includes world-class facilities like the Hellisheidi and Reykjanes plants, which are increasingly integrating carbon capture and storage (CCS) technologies to move toward carbon-negative operations.

The National Energy Authority of Iceland (Orkustofnun) identifies a massive ‘understood potential’ for future development through the Master Plan for Nature Protection and Energy Utilization. Current estimates suggest that Iceland’s total geothermal energy potential for electricity generation is approximately 20 terawatt hours per year of high-enthalpy energy available for industrial scaling.

This stable political and geological environment has positioned Iceland as a hub for long-term industrial expandability, particularly for high-energy users in the eFuel and Digital Infrastructure sectors. Reports from atNorth and Country Reports note that the ‘predictable, low-cost nature of Icelandic geothermal power’ is attracting a new wave of industrial tenants, including eFuel producers and AI-ready data centers, who require scalable, 24/7 renewable energy to meet global ESG mandates.

Iceland continues to leverage its ‘geothermal-first’ policy to foster strategic collaborations between energy producers and prospective industrial customers. This synergy bolsters confidence that industrial users can secure long-term power purchase agreements (PPAs) that are insulated from the volatility of global fossil fuel markets, solidifying Iceland’s role as an energy powerhouse of the North Atlantic.

About Syntholene

Syntholene is actively commercializing its novel Hybrid Thermal Production System for low-cost clean fuel synthesis. The target output is ultrapure synthetic jet fuel, manufactured at 70% lower cost than the nearest competing technology today. The company’s mission is to deliver the world’s first truly high-performance, low-cost, and carbon-neutral synthetic fuel at an industrial scale, unlocking the potential to produce clean synthetic fuel at lower cost than fossil fuels, for the first time.

Syntholene’s power-to-liquid strategy harnesses thermal energy to power proprietary integrations of hydrogen production and fuel synthesis. Syntholene has secured 20MW of dedicated energy to support the Company’s upcoming demonstration facility and commercial scale-up.

Founded by experienced operators across advanced energy infrastructure, nuclear technology, low-emissions steel refining, process engineering, and capital markets, Syntholene aims to be the first team to deliver a scalable modular production platform for cost-competitive synthetic fuel, thus accelerating the commercialization of carbon-neutral eFuels across global markets.

For further information, please contact:
Dan Sutton, CEO
comms@syntholene.com 
www.syntholene.com
+1 608-305-4835

X: @Syntholene
Linkedin: Syntholene Energy
Youtube: Syntholene Energy

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

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of applicable securities laws. The use of any of the words ‘expect’, ‘anticipate’, ‘aims’, ‘continue’, ‘estimate’, ‘objective’, ‘may’, ‘will’, ‘project’, ‘should’, ‘believe’, ‘plans’, ‘intends’ and similar expressions are intended to identify forward-looking information or statements. All statements, other than statements of historical fact, including but not limited to statements regarding the completion of the demonstration facility, commencement commercialization efforts, potential to materially improve the economics of clean fuel, the successful implementation of the test facility, commercial scalability, technical and economic viability, anticipated geothermal power availability, anticipated benefit of eFuel, and future commercial opportunities, are forward-looking statements.

The forward-looking statements and information are based on certain key expectations and assumptions made by the Company, including without limitation the assumption that the Company will be able to execute its business plan, that the eFuel will have its expected benefits, that there will be market adoption, and that the Company will be able to access financing as needed to fund its business plan. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct. Since forward-looking statements and information address future events and conditions, by their very nature, they involve inherent risks and uncertainties.

Actual results could differ materially from those currently anticipated due to a number of factors and risks, including, without limitation, Syntholene’s ability to meet production targets, realize projected economic benefits, overcome technical challenges, secure financing, maintain regulatory compliance, manage geopolitical risks, and successfully negotiate definitive terms. Syntholene does not undertake any obligation to update or revise these forward-looking statements, except as required by applicable securities laws.

Readers are advised to exercise caution and not to place undue reliance on these forward-looking statements.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/284115

LONDON, UK / ACCESS Newswire / February 17, 2026 / Empire Metals Limited (LON:EEE)(OTCQX:EPMLF), the AIM-quoted and OTCQX-traded exploration and development company, is pleased to announce the commencement of a major drilling campaign at the Pitfield Project in Western Australia (‘Pitfield’ or the ‘Project’). This programme is designed to evaluate the extent of the giant TiO₂ mineral system at Pitfield, expand the Cosgrove Mineral Resource Estimate (MRE), and enhance the confidence levels associated with the MRE at Thomas.

Highlights

• A total of 754 drill holes are planned:

  • 683 Air Core (‘AC’) drillholes for approximately 34,150 metres, and

  • 71 Reverse Circulation (‘RC’) drillholes for approximately 7,100 metres,

  • totalling 41,250 metres of drilling.

• The fully funded campaign will utilise 3 AC drill rigs and 2 RC rigs and drilling is expected to be completed by mid-April.

• The key outcome of the drilling will be an updated MRE at Thomas, with increased resource classification into the Measured and Indicated categories, and a significantly larger updated MRE at Cosgrove.

• Updated MRE anticipated in Q3 2026 to support ongoing engineering and study work.

Shaun Bunn, Managing Director, said:‘We are pleased to commence this important drilling campaign at Pitfield, focused on upgrading our maiden MRE from the Thomas and Cosgrove Prospects (announced 14 October 2025) and extending the exploration target area. This fully-funded campaign is the largest undertaken to date at Pitfield and will significantly improve our understanding of the scale and grade of the Pitfield MRE, and also increase the confidence levels of Measured and Indicated Resources in readiness for developing mine design and Ore Reserves.’

Drilling Programmes

The titanium discovery at Pitfield is of unprecedented scale and hosts one of the largest and highest-grade titanium resources reported globally, with a current MRE totalling 2.2 billion tonnes grading 5.1% TiO₂ for 113 million tonnes of contained TiO₂.

The MRE, which covers only the Thomas and Cosgrove deposits, includes a weathered zone resource of 1.26 billion tonnes at 5.2% TiO₂ and a significant Indicated Resource of 697 million tonnes at 5.3% TiO₂, predominantly from the Thomas deposit. Titanium mineralisation at Pitfield occurs from surface and displays exceptional grade continuity along strike and down dip. The MRE extends across just 20% of the known mineralised footprint, providing substantial potential for further resource expansion.

Since commencing the maiden drilling campaign at Pitfield on 27 March 2023, Empire has completed 390 drill holes for a total 33,001 metres comprising:

• 25 DD drill holes for 3,449 m

• 140 RC drill holes for 18,764 m

• 225 AC drill holes for 10,797 m.

Diamond drilling was recently conducted at the Thomas prospect, from mid-November to mid-December 2025 (announced 12 November 2025). A total of 8 holes were drilled for 745.1m.

The diamond drilling targeted the high-grade central core identified within the Thomas MRE with the primary purpose of generating ore samples for metallurgical and geotechnical testwork. The whole drill core underwent extensive geotechnical evaluation prior to cutting core samples. A quarter core sample was collected for assay analysis. These samples have been submitted to the analytical laboratory for analysis, with final results expected in Q1 2026.

Largest drilling campaign to date to commence at Pitfield

An extensive AC and RC drill programme has been planned at Pitfield consisting of exploration drilling, initial mineral resource drilling and infill mineral resource drilling. AC drilling has previously been used at Pitfield to drill-test the weathered cap and collect bulk metallurgical samples (announced 28 April 2025). It is a cost-effective, efficient and proven drilling method at Pitfield that is commonly used for shallow exploration projects, and the success of the previous drilling campaigns has confirmed its suitability for use in the Pitfield MREs.

The drill programme, the largest at Pitfield to date, will cover an area 37km long and up to 12km wide. There are 754 holes planned for a total of 41,250m. All programmes will take place in parallel ensuring the drilling is more efficient and cost effective. It is expected that the drilling will begin in late February and finish in mid-April. There will be up to 5 drill rigs at the project. Once completed, Empire will have drilled close to 75,000 meters at Pitfield.

The exploration drilling will be focused on delineating the extents of the giant Pitfield Ti-rich mineral system. Recent drilling has focussed on the Thomas and Cosgrove prospects to delineate MREs, however this has focussed on less than 20% of the currently known surface area of the mineral system. This exploration drilling campaign will generate data that will provide a much better understanding of the size of the system, the mineralisation and associated alteration and extend the area explored by drilling to 60-70% of the currently identified area of mineralization. Furthermore, the drilling will also provide essential information to support the study phase regarding the location of high-grade titanium mineralisation and the potential sites for process and infrastructure facilities.

At Thomas, AC and RC drilling will take place on a smaller spaced grid (100m x 100m) over the higher grade TiO₂ rich core of the deposit to increase the confidence level of the current MRE. The drilling will focus on the weathered zone where the anatase is most prevalent.

At Cosgrove, an extensive AC and RC programme will occur to extend the current MRE to the north and the south. This drilling, as at Thomas, will be focussed on the weathered zones with the aim of significantly increasing the current MRE of 430Mt @ 5.8% TiO₂. The location and spacing of the planned AC/RC drillholes have been designed to complement the existing MRE and allow the data generated from this drill programme to be incorporated with the existing MRE data which will potentially mean efficiencies in generating the updated MRE for Cosgrove.

The AC and RC drillholes will be geologically logged and sub-sampled on 2m intervals and geochemically analysed; this data will provide the basis for the updated MREs at Thomas and Cosgrove Prospects.

The drilling is expected to finish mid-April with all samples to be at Intertek Analytical Laboratory in Perth by the end of April.

Figure 1. Satellite image of Pitfield showing planned drill collars in relation to current MRE outlines.

Competent Person Statement
The technical information in this report that relates to the Pitfield Project has been compiled by Mr Andrew Faragher, an employee of Empire Metals Australia Pty Ltd, a wholly owned subsidiary of Empire. Mr Faragher is a Member of the Australian Institute of Mining and Metallurgy (AusIMM). Mr Faragher has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Faragher consents to the inclusion in this release of the matters based on his information in the form and context in which it appears.

**ENDS**

For further information please visit www.empiremetals.co.uk or contact:

About Empire Metals Limited
Empire Metals Ltd (AIM:EEE)(OTCQX:EPMLF) is an exploration and resource development company focused on the commercialisation of the Pitfield Titanium Project, located in Western Australia. The titanium discovery at Pitfield is of unprecedented scale and hosts one of the largest and highest-grade titanium resources reported globally, with a Mineral Resource Estimate (MRE) totalling 2.2 billion tonnes grading 5.1% TiO₂ for 113 million tonnes of contained TiO₂.

Titanium mineralisation at Pitfield occurs from surface and displays exceptional grade continuity along strike and down dip. The MRE extends across just 20% of the known mineralised footprint, providing substantial potential for further resource expansion.

Conventional processing has already produced a high-purity product grading 99.25% TiO₂, suitable for titanium sponge metal or pigment feedstock. With excellent logistics and established infrastructure, Pitfield is strategically positioned to supply the growing global demand for titanium and other critical minerals.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

SOURCE: Empire Metals Limited

View the original press release on ACCESS Newswire