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TomaGold

Investor Insight

TomaGold is advancing a portfolio centered on Québec’s Chibougamau Mining Camp, combining owned assets with near-term, catalyst-driven exploration at its optioned Berrigan Mine project. Recent deep drilling and downhole geophysics at Berrigan have identified sulphide mineralization and EM conductors that the company is using to prioritize follow-up targets, while it continues to advance the owned Obalski project and a broader pipeline of Chibougamau-area options.

Overview

TomaGold (TSXV:LOT,OTC:TOGOF) is a Canadian exploration company focused on precious and base metal opportunities, with a primary emphasis on gold and copper in Québec and Ontario. The company’s core assets are located in Québec’s Chibougamau Mining Camp, where it owns the Obalski and Chicot projects and holds options to earn up to 100 percent interests in multiple additional properties, including the Berrigan Mine, David, Radar and Dufault projects. TomaGold also holds a 24.5 percent joint venture interest in the Baird gold project near Ontario’s Red Lake camp, and maintains early-stage lithium and rare earth element (REE) exposure in Québec’s James Bay region.

In January 2026, TomaGold reported deep drilling results from Berrigan Mine, including a broad interval of semi-massive to massive sulphide mineralization in hole TOM-25-015 and described the “Berrigan Deep” zone as open at depth. In February 2026, the company reported results from a borehole electromagnetic (BHEM) survey, stating that modeled conductive plates correlate with mineralization intersected in multiple holes and identifying a priority plate (BER-14C) for follow-up drilling and additional geophysical work.

Company Highlights

  • Portfolio anchored in Québec’s Chibougamau Mining Camp, combining owned assets (including Obalski and Chicot) with multiple optioned projects that provide pipeline depth.
  • Near-term exploration catalysts focused on Berrigan, supported by recent deep drilling and BHEM interpretation used to prioritize conductors for follow-up.
  • Berrigan Mine: January 2026 drilling highlighted a broad sulphide interval in hole TOM-25-015 and introduced the “Berrigan Deep” zone; February 2026 BHEM interpretation identified a priority conductor (BER-14C) described as open at depth and to the northeast.
  • Obalski is a 100 percent owned project with extensive historical work and multiple zones, providing a second core asset within the company’s Chibougamau footprint.
  • Management describes a disciplined, data-driven reinterpretation of existing datasets, targeted drilling and geophysics to generate technical newsflow and refine targets over time, with the objective of advancing projects toward updated NI 43-101-compliant technical disclosure.

Key Projects

Berrigan Mine Project (Option to Acquire 100 percent)

The Berrigan Mine project comprises 16 claims totaling 483 hectares and is located approximately 4 km NNW of Chibougamau in the Chibougamau Mining Camp. TomaGold holds an option to acquire a 100 percent interest in the property from Chibougamau Independent Mines. The project has a significant historical database and has been the focus of the company’s recent exploration drilling and geophysics. Any historical resource estimates referenced for the project are historical in nature, are not current NI 43-101 compliant, and should not be relied upon.

In January 2026, TomaGold reported drilling results including hole TOM-25-015, which intersected 98.5 metres of semi-massive to massive sulphide mineralization and was presented as a new “Berrigan Deep” zone that remains open at depth. The company also reported additional intervals from drilling designed to test extensions of mineralization at depth. In February 2026, TomaGold reported interpretation from a borehole electromagnetic (BHEM) survey, stating that conductive plates modeled from downhole data correlate with mineralization intersected in holes TOM-25-009 through TOM-25-015. The company highlighted a priority target plate (BER-14C), described as approximately 160 x 300 metres and open at depth and to the northeast, and outlined follow-up steps including additional drilling and EM work.

TomaGold has stated it reverted to reporting elemental assays rather than metal-equivalent grades due to uncertainty around metallurgical recovery assumptions at the current stage of evaluation.

Obalski Project (100 percent owned)

The Obalski project is 100 percent owned and consists of 75 claims totaling 2,724 hectares located roughly 2 km south of Chibougamau. The project hosts multiple mineralized zones and has seen extensive historical exploration and drilling. TomaGold highlights Obalski as a core owned asset within its Chibougamau platform, supported by a large database and multiple target zones that remain open along strike and at depth.

David Project (Option to Earn 100 percent)

The David project consists of 49 claims totaling approximately 20.09 sq km and is located within the Chibougamau camp. The project hosts multiple mineral occurrences and is positioned by the company as part of its broader Chibougamau consolidation strategy.

Radar Project (Option to Earn 100 percent)

The Radar project consists of 14 claims totaling approximately 7.75 sq km and is located north of Chibougamau. The company highlights multiple showings and historical work that support ongoing target development within the district.

Dufault Project (Option to Earn 100 percent)

The Dufault project consists of 14 claims totaling approximately 5.22 sq km and is located north of Chibougamau. The company highlights the project as prospective within the camp and references historical drilling that supports continued evaluation.

Other Assets and Optional Exposure

TomaGold’s portfolio also includes the Chicot project (owned) and additional Chibougamau-area properties (optioned) that provide pipeline optionality. Outside of Chibougamau, the company holds a 24.5 percent joint venture interest in the Baird gold project near Ontario’s Red Lake camp, and early-stage lithium and REE exposure in Québec’s James Bay region through the Star Lake (REE) and Brisk Extension (lithium/REE) projects.

Management Team

David Grondin — President and CEO

David Grondin is a seasoned mining financial entrepreneur and developer with over 25 years of experience in acquiring, financing, and advancing mining assets across the Americas and Europe.

Martin Nicoletti — CFO

Martin Nicoletti is the founder of SKTM Financial and a certified accountant with more than 32 years of corporate experience.

Jean Lafleur — VP Exploration

Jean Lent is a highly skilled professional geologist with 45 years of global experience in mineral exploration, resource evaluation, and project assessment and development.

Michel E. Labrousse — Senior Advisor

For the past twenty years, Michel Labrousse has developed various businesses in investment banking and financial markets in Europe and Asia.

Board of Directors

The board includes David Brousse, Jean-Sébastien Jacquetin and Caitlin Jeffs.

Get access to more exclusive Gold Investing Stock profiles here

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TomaGold: Advancing a District-scale Gold and Base Metal Portfolio in Québec’s Chibougamau Mining Camp

TomaGold (TSXV:LOT;OTC:TOGOF) is a Canadian exploration company targeting precious and base metals, with a strong focus on gold and copper projects in Québec and Ontario. Its flagship assets are in Québec’s Chibougamau Mining Camp, where it owns the Obalski and Chicot projects and holds options to earn up to 100 percent interests in several additional properties, including Berrigan Mine, David, Radar and Dufault. The company also holds a 24.5 percent joint venture stake in the Baird gold project near Ontario’s Red Lake camp, along with early-stage lithium and rare earth element (REE) exposure in Québec’s James Bay region.

In January 2026, TomaGold reported deep drilling results from the Berrigan Mine, highlighted by a broad interval of semi-massive to massive sulphide mineralization in hole TOM-25-015. The company also noted that the “Berrigan Deep” zone remains open at depth, underscoring further exploration potential.

In February 2026, TomaGold released results from a borehole electromagnetic (BHEM) survey, stating that modeled conductive plates correlate with mineralization intersected in multiple holes. The survey also identified a priority plate, BER-14C, as a target for follow-up drilling and additional geophysical work.

This TomaGold profile is part of a paid investor education campaign.*

Click here to connect with TomaGold (TSXV:LOT) to receive an Investor Presentation

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Tartisan Nickel: Working Towards a Feasibility Study and Production Decision at the Kenbridge Nickel Deposit

Tartisan Nickel (CSE:TN,OTCQX:TTSRF,FSE: 8TA) is a Canadian exploration and development company focused on advancing high-quality critical mineral assets in Ontario. Its flagship asset, the Kenbridge nickel project in Northwestern Ontario, is an advanced-stage nickel sulphide deposit containing nickel, copper and cobalt.

Management’s strategy for Kenbridge is clear and execution-driven: expand and upgrade the resource through drilling, extend potential mine life, and continue systematically de-risking the project.

Tartisan Nickel has been engaging with Treaty # 3 First Nations since May 2007.

At the same time, Tartisan holds the Sill Lake silver project, a past-producing silver-lead property near Sault Ste. Marie, Ontario. Supported by strong fundamentals for nickel, copper and silver, management positions Tartisan as a multi-asset story—providing investors with exposure to several value drivers within a single platform.

Company Highlights

  • Clear focus on drilling-driven value creation, with active programs designed to upgrade inferred resources, expand the deposit at depth, and extend mine life into the mid-teens
  • Low-capex development profile relative to many peer nickel projects, supported by a historic shaft, road access, and established infrastructure
  • Sill Lake Silver Project provides additional, underappreciated value, offering exposure to silver through a brownfields, past-producing asset with a defined historic resource
  • Experienced leadership team with deep capital markets and mine development experience, focused on disciplined capital allocation and unlocking value from opportunity-acquired assets

This Tartisan Nickel profile is part of a paid investor education campaign.*

Click here to connect with Tartisan Nickel (CSE:TN,OTCQX:TTSRF,FSE: 8TA) to receive an Investor Presentation

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Crypto Market Update: Robinhood Shares Fall on Lower Quarterly Crypto Revenue

Here’s a quick recap of the crypto landscape for Wednesday (February 11) as of 9:00 p.m. UTC.

Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrency market news.

Bitcoin (BTC) was priced at US$67,551.42, down 18 percent over the last 24 hours.

Bitcoin price performance, February 11, 2026.

Chart via TradingView.

“Bitcoin appears to be entering a stabilization phase before its next directional move. In the near term, prices are likely to consolidate around the US$70,000 level as the market digests recent volatility and continued profit-taking, but the broader setup points to a gradual recovery toward the US$85,000 to US$95,000 range by mid-2026.

“The key driver is institutional behavior: ETF outflows are slowing rather than accelerating, suggesting that forced selling pressure is easing and longer-term allocators are becoming more selective instead of exiting outright. At the same time, regulatory progress — particularly around stablecoin frameworks and clearer market structure — continues to strengthen Bitcoin’s position as a maturing asset within global portfolios, especially as investors look for inflation hedges amid ongoing macro uncertainty.

“While short-term price action may remain uneven, innovation across DeFi and tokenized assets is reinforcing the underlying crypto ecosystem, creating conditions that have historically supported post-correction recoveries and attracted long-term capital back into Bitcoin.”

Ether (ETH) was priced at US$1,955.33, down by 2.8 percent over the last 24 hours.

Altcoin price update

  • XRP (XRP) was priced at US$1.38, down by 1.2 percent over 24 hours.
  • Solana (SOL) was trading at US$79.64, down by 3.5 percent over 24 hours.

Today’s crypto news to know

Robinhood shares Q4 earnings

Robinhood Markets (NASDAQ:HOOD) released its latest quarterly report on Wednesday, revealing net income totaling US$605 million for Q4 2025 and US$1.9 billion for the year.

The company reported a record US$1.28 billion in quarterly revenue, a 27 percent increase year-on-year, but shy of estimates of about US$1.36 billion. Its full‑year 2025 revenue reached US$4.5 billion, up 52 percent.

However, crypto revenue fell 38 percent to US$221 million in Q4.

Despite a fundamentally solid quarter, with record earnings per share of US$0.66 in Q4 and US$2.05 for 2025, shares dropped between 7 and 12 percent after the print and closed 9 percent lower on the day.

In other news, Robinhood launched a public testnet for Robinhood Chain, an Ethereum Layer 2 built on Arbitrum technology and designed to support tokenized real‑world and digital assets.

Developers can begin building and testing apps on it ahead of a future mainnet launch. The testnet offers network access, developer docs and compatibility with standard Ethereum tools, plus early support from infrastructure providers such as Alchemy, Chainlink and LayerZero. Robinhood also said it is committing US$1 million to the 2026 Arbitrum Open House program to encourage developer activity on the testnet and eventual mainnet.

Banks dig in on stablecoin yield as CLARITY Act stalls

US banks are hardening their position on stablecoin rules, escalating a policy clash that has left the long-awaited CLARITY Act stuck in Congress. During a White House-hosted meeting led by the administration’s crypto council, banking groups circulated a proposal calling for an outright ban on paying interest or other incentives to stablecoin holders.

The draft language states: “No person may provide any form of financial or non-financial consideration to a stablecoin holder” in connection with holding or using a payment stablecoin.

Banking groups warned that allowing yield on stablecoins could “drive deposit flight that would undercut Main Street lending,” while crypto advocates argued innovation should not be stifled. The dispute centers on whether stablecoin rewards resemble bank deposits, potentially siphoning funds from traditional lenders.

‘As we noted during the meeting, that framework can and must embrace financial innovation without undermining safety and soundness, and without putting the bank deposits that fuel local lending and drive economic activity at risk. We look forward to ongoing discussions to move market structure legislation forward,’ the American Bankers Association said in a statement following the meeting.

The standoff has become the main obstacle preventing the CLARITY Act from advancing, despite earlier passage of the GENIUS Act, which created a federal framework for dollar-backed stablecoins.

Goldman Sachs maintains US$1 billion Bitcoin ETF exposure

Goldman Sachs (NYSE:GS) disclosed in its latest US Securities and Exchange Commission filing that it holds just over US$1 billion in exposure to Bitcoin through exchange-traded funds (ETFs).

The exposure is split across products, including BlackRock’s iShares Bitcoin Trust ETF (NASDAQ:IBIT) and Fidelity’s Wise Origin Bitcoin ETF (NEO:FBTC). Bitcoin has dropped roughly 47 percent from its high and is trading near US$67,000, part of a broader US$2 trillion drawdown across the crypto market. ETF flows have been volatile, with more than US$6 billion exiting spot Bitcoin funds since November, according to industry data.

Despite the slump, Goldman has also expanded into Ether, XRP and Solana ETFs.

Monad launches Nitro accelerator

Blockchain company Monad announced Tuesday (February 10) launch of a new three month accelerator program, Nitro, supported by notable firms including Paradigm, Electric Capital, Dragonfly and Castle Island Ventures.

According to commentary provided in a media briefing accompanying the announcement, “The program is designed to address a common issue in crypto venture funding: teams often raise capital quickly but struggle to ship production-ready products or reach product-market fit. Nitro is structured around execution, shipping cadence, and validation, rather than short-term growth metrics or token-driven incentives.”

The press release notes that the Monad ecosystem has already seen US$108 million raised by projects.

The three month program includes an in-person first month in New York City, and will be followed by two months of focused execution, concluding with a Demo Day for crypto and tech investors.

Interactive Brokers adds Coinbase nano contracts

Interactive Brokers said it is adding “nano contracts’ from Coinbase Global’s (NASDAQ:COIN) derivatives arm to its trading platform. These contracts control fractions of a Bitcoin or Ether coin and require less upfront investment.

Clients can trade these futures, some with set expiry dates and others that track the current price over time, 24/7 within Interactive Brokers’ standard brokerage environment, alongside stocks and options.

The move is meant to make it easier and cheaper for people to get exposure to crypto prices and manage risk, while still using a regulated broker and exchange.

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

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

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Sirios Resources

Investor Insight

Sirios Resources is advancing one of Québec’s largest undeveloped gold deposits, combining a multi-million-ounce resource base, strong infrastructure access and deep regional expertise backed by the Osisko development ecosystem, creating a clear pathway toward re-rating and growth.

Overview

Sirios Resources (TSXV:SOI,OTCQB:SIREF) is a Québec-based gold exploration and development company focused on advancing a portfolio of high-potential projects in the Eeyou Istchee James Bay region of Québec. The company’s flagship asset, the Cheechoo gold project, ranks among the largest gold projects in the province by resource size. The project benefits from favourable geology, near-surface mineralization, and proximity to existing infrastructure, including road access, power lines and the nearby Éléonore mine. Sirios is advancing Cheechoo through systematic drilling, resource expansion and technical studies with the objective of progressing the project toward a PEA.

In December 2025, Sirios announced a transformational combination with OVI Mining, creating a district-scale gold platform anchored by Cheechoo and complemented by the Corvet Est and PLEX projects. The transaction brings Sirios into the Osisko development ecosystem, strengthening the company’s leadership team with proven mine-building and capital markets expertise, while retaining Sirios’ long-standing geological knowledge of James Bay.

With over three decades of continuous exploration in the region and strong relationships with local and Indigenous communities, Sirios is well-positioned to unlock value through disciplined project advancement and exploration-driven growth.

Company Highlights

  • Flagship Cheechoo gold project hosts approximately 3 million ounces of gold, including 1.3 million ounces indicated and 1.7 million ounces inferred, including additional underground resources
  • Located in Eeyou Istchee James Bay, Québec, a Tier-1 mining jurisdiction with strong government and community support
  • Low strip ratio (2.9:1) and high gold recoveries (92 percent) support attractive open-pit development potential at Cheechoo
  • Strategic combination with OVI Mining brings Osisko-backed leadership, capital markets strength and additional district-scale exploration assets

Key Projects

Cheechoo Gold Project

The 100 percent owned Cheechoo gold project is Sirios’ flagship asset located in Eeyou Istchee James Bay, Québec, near existing infrastructure and operating mines. The project hosts a large, near-surface gold deposit with scalable, open-pit potential and higher-grade underground extensions.

A 2025 mineral resource estimate outlines approximately 3 million ounces of gold, including 1.3 million ounces indicated at 1.12 grams per ton (g/t) gold and 1.7 million ounces inferred at 1.23 g/t gold, which includes 446,000 ounces of underground resources grading 3.09 g/t gold. The deposit exhibits a low strip ratio of 2.9:1 and high metallurgical recoveries of approximately 92 percent, supporting favourable development characteristics.

In addition to the current resource, Cheechoo hosts a significant exploration target ranging from 31 to 40 million tonnes grading between 1.27 and 1.45 g/t gold, highlighting strong potential for further resource growth. Sirios’ ongoing work is focused on expanding the resource base and advancing the project toward a preliminary economic assessment.

Corvet Est Gold Project

Corvet Est is a 6,500-hectare district-scale land package located east of Cheechoo within the same highly prospective James Bay geological corridor. The project comprises a historically drilled gold system that has seen limited modern exploration since 2012. Following consolidation by OVI Mining, Corvet Est now offers Sirios exposure to a large land package with multiple mineralized zones and significant upside potential.

Plex Gold Project

The PLEX project is a 21,000-hectare district-scale land package hosting the Orfée gold zone, characterized by multiple structural corridors and underexplored depth and strike potential. Historical drilling has confirmed gold mineralization, and Sirios plans to advance compilation, target refinement and exploration programs to unlock the project’s discovery potential.

Aquilon Gold Project

The Aquilon project is an optioned gold asset located in James Bay and hosts numerous high-grade gold showings, including some of the highest gold grades historically reported in Québec. Recent drilling has outlined a broad gold-mineralized halo with strong expansion potential. Exploration at Aquilon is currently being advanced in partnership with Sumitomo Metal Mining Canada, providing Sirios with continued exposure to exploration upside while limiting capital commitments.

Management Team (Post-Transaction)

Dominique Doucet. – Executive Chairman

Dominique Doucet is a veteran of Québec’s mineral exploration industry with more than 40 years of experience, including over 30 years in the Eeyou Istchee James Bay region. He founded Sirios Resources and has led the discovery of several significant gold occurrences, including the Cheechoo and Aquilon deposits.

Jean-Félix Lepage – Chief Executive Officer

Jean-Félix Lepage is a mining engineer with over 15 years of experience in mine operations and project development. Prior to joining Sirios, he served as vice-president of Projects at O3 Mining, where he advanced the Marban project, and previously held senior operational roles at Newmont, including at the Éléonore mine.

Sean Roosen – Board Member

Sean Roosen is the founder and executive chairman of Osisko Development and former CEO of Osisko Gold Royalties. He played a central role in the discovery, financing and development of the Canadian Malartic mine and is widely recognized as a leader in the global mining industry.

Laurence Farmer – Board Member

Laurence Farmer is CEO of Electric Elements Mining and General Counsel and vice-president of corporate development at Osisko Development. He brings extensive experience across mining, law and finance, with a strong background in corporate transactions and resource development.

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Sirios Resources: Advancing a Multi-million-ounce Gold Project in Québec’s James Bay Region

Sirios Resources (TSXV:SOI,OTCQB:SIREF) is a Québec-based gold exploration and development company focused on high-potential projects in the Eeyou Istchee James Bay region. Its flagship Cheechoo gold project ranks among the largest in the province by resource size and benefits from favourable geology, near-surface mineralization, and existing infrastructure, including road access, power lines, and proximity to the Éléonore mine. Sirios is advancing Cheechoo through systematic drilling, resource expansion, and technical studies, aiming to progress the project toward a Preliminary Economic Assessment (PEA).

In December 2025, Sirios completed a transformational combination with OVI Mining, creating a district-scale gold platform anchored by Cheechoo and complemented by the Corvet Est and PLEX projects. The transaction integrates Sirios into the Osisko development ecosystem, strengthening the leadership team with proven mine-building and capital markets expertise while maintaining the company’s deep geological knowledge of the James Bay region.

With over 30 years of continuous exploration in James Bay and strong partnerships with local and Indigenous communities, Sirios is well-positioned to create value through disciplined project advancement and exploration-driven growth. The company’s combination of experience, strategic assets, and community engagement underpins its long-term growth strategy.

Company Highlights

  • Flagship Cheechoo gold project hosts approximately 3 million ounces of gold, including 1.3 million ounces indicated and 1.7 million ounces inferred, including additional underground resources
  • Located in Eeyou Istchee James Bay, Québec, a Tier-1 mining jurisdiction with strong government and community support
  • Low strip ratio (2.9:1) and high gold recoveries (92 percent) support attractive open-pit development potential at Cheechoo
  • Strategic combination with OVI Mining brings Osisko-backed leadership, capital markets strength and additional district-scale exploration assets
  • Well-funded with recent treasury additions, supporting advancement of Cheechoo toward a preliminary economic assessment (PEA) and ongoing exploration across the portfolio

This Sirios Resources profile is part of a paid investor education campaign.*

Click here to connect with Sirios Resources (TSXV:SOI) to receive an Investor Presentation

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Prismo Metals Advances to Drilling at Historic Silver King Silver Project with Permit Approval and Contractor Engagement

(TheNewswire)

Vancouver, British Columbia, February 12th, 2026 TheNewswire — Prismo Metals Inc. (‘Prismo’ or the ‘Company’) (CSE: PRIZ,OTC:PMOMF | OTCQB: PMOMF) is pleased to announce that it has received formal permit approval from the U.S. Forest Service to proceed with its fully funded drill program at the Company’s historic Silver King Mine project located in Arizona’s prolific Copper Belt.

The approved permit authorizes drilling from multiple drill pads in the area of the historic mine designed to test the upper part of the Silver King mineralized body that was mined on nine levels over about 300 meters depth (Fig. 1).

Additional high-priority targets identified through recent exploration work can also be tested with some of the planned drill locations. Testing of other targets on private ground is being considered. Mobilization on site is scheduled for February 20th followed by preparatory site work and access improvements followed by drilling.

Dr. Craig Gibson, Chief Exploration Officer of Prismo Metals, commented: ‘Receiving approval for drilling at Silver King is a key milestone as we transition from surface exploration into active testing of the system. With funding in place for multiple phases of drilling, we are well positioned to evaluate the significant exploration potential of this historic, high-grade silver system.’

Alain Lambert, CEO of Prismo commented: ‘Following a very smooth permitting process with Forest Service, we are now ready to conduct the first ever comprehensive drill program at Silver King. Our exploration work to date has attracted the attention of many given the results we have published and our proximity (3.4 km) to Resolution Copper, a Rio Tinto/BHP joint venture. I expect the drilling program to heighten attention.’

Phase 1 Drill Program Highlights:

  • Fully funded program 

  • 1,000 meters of diamond drilling to test the upper portion of the steeply plunging, pipe-like Silver King mineralized body 

  • Mobilization to Silver King Project scheduled for February 20th, 2026 

  • Additional drilling to test lower down in the mineralized structure and mineralized areas adjacent to the historic mine may also be completed 


Click Image To View Full Size

Fig. 1.  Permitted drill sites planned for initial Phase I drilling at the Silver King mine shown by white dots.  The orange line indicates the approximate location of the cross section in Fig. 2.  View looking south-easterly.

Drilling will initially focus on testing the upper portion of the steeply west-dipping pipelike stockwork and breccia zone that historically produced high-grade silver and base metals (Fig. 2), as well as targets adjacent to and beneath historic workings. Initial drilling is estimated at 1000 meters in nine holes.  A second phase of drilling will be dedicated to testing at deeper levels and areas adjacent to the historic mine.

Dr. Gibson, added: ‘We are pleased to engage Godbe Drilling, a highly respected contractor with substantial experience in Arizona and a staging area near the project. The objective is to test the upper half of the steeply dipping pipelike Silver King mineralized body, as well as potential mineralization adjacent to the dense stockwork zones that were the focus of historic mining.’

Drilling Contractor Engagement

Prismo has engaged Godbe Drilling LLC to conduct this Phase 1 drilling program. Godbe Drilling LLC is a Colorado-based family-owned diamond core drilling and mineral exploration business with extensive operating experience in the southwestern United States, including Arizona.

 

Fig. 2.  Cross section through Silver King mine showing workings and first four planned drill holes.

 

Silver King Project Overview

The Silver King mine was discovered in 1875 and is one of Arizona’s most significant historic silver producers, with nearly six million ounces of silver produced at average grades ranging from approximately 61 to 21 ounces per ton during early production. Limited small-scale mining in the late 1990s yielded samples with exceptionally high silver and associated gold values, suggesting that high-grade mineralization remains within the system. The project is located within the same geological framework as other world-class deposits in the Arizona Copper Belt, and its proximity to active mining operations enhances its strategic significance.

Qualified Person

Dr. Craig Gibson, PhD., CPG., a Qualified Person as defined by NI-43-01 regulations and Chief Exploration Officer and a director of the Company, has reviewed and approved the technical disclosures in this news release.  

About Prismo Metals Inc.

Prismo (CSE: PRIZ,OTC:PMOMF) is a mining exploration company focused on advancing its Silver King, Ripsey and Hot Breccia projects in Arizona and its Palos Verdes silver project in Mexico.

Please follow @PrismoMetals on Twitter, Facebook, LinkedIn, Instagram, and YouTube

Prismo Metals Inc.

1100 – 1111 Melville St., Vancouver, British Columbia V6E 3V6 Phone: (416) 361-0737

 

Contact:

Alain Lambert, Chief Executive Officer alain.lambert@prismometals.com

Gordon Aldcorn, President gordon.aldcorn@prismometals.com

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Information

This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as ‘intends’ or ‘anticipates‘, or variations of such words and phrases or statements that certain actions, events or results ‘may’, ‘could’, ‘should’, ‘would’ or ‘occur’. This information and these statements, referred to herein as ‘forward-looking statements’, are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management’s expectations and intentions with respect to, among other things: the timing, costs and results of drilling at Silver King; and the intended use of any proceeds raised under recent financings.

These forward-looking statements involve numerous risks and uncertainties, and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things: the potential inability of the Company to utilize the anticipated proceeds of the Private Placement as anticipated; and those risks set out in the Company’s public disclosure record on SEDAR+ (www.sedarplus.com) under the Company‘s issuer profile.

In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, that the Company will use the proceeds of the Second Tranche as currently anticipated and on the timeline currently expected.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward- looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward- looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial outlook that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.

Copyright (c) 2026 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

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Retail operator of outdoor sportswear pioneer Eddie Bauer files for bankruptcy

The operator of roughly 180 Eddie Bauer stores across the U.S. and Canada has filed for Chapter 11 bankruptcy protection, blaming declining sales and a litany of other industry headwinds.

The bankruptcy filing marks the third time in a little over two decades for the storied-but-now-tired brand that began as a Seattle fishing shop, later outfitted the first American to climb Mount Everest and made thousands of newfangled down jackets and sleeping bags for the military during World War II.

Eddie Bauer LLC said Monday it had entered into a restructuring pact with its secured lenders as it made the filing in the U.S. Bankruptcy Court for the District of New Jersey.

Most Eddie Bauer retail and outlet stores in the U.S. and Canada will remain open as the company winds down certain locations. It noted that it will conduct a court-supervised sales process, and if a sale can’t be executed, it will begin a wind-down of its U.S. and Canadian operations.

“This is not an easy decision,” said Marc Rosen, CEO of Catalyst Brands, which maintains the license to operate Eddie Bauer stores in the U.S. and Canada. “However, this restructuring is the best way to optimize value for the retail company’s stakeholders and also ensure Catalyst Brands remains profitable and with strong liquidity and cash flow.”

Eddie Bauer’s stores outside of the U.S. and Canada are operated by other licensees, are not included in the Chapter 11 filings, and will stay open, according to the release.

Authentic Brands Group continues to own the intellectual property associated with the Eddie Bauer brand and may license the brand to other operators, the company said. The operations of other brands in the Catalyst Brands portfolio are not affected by this filing and will continue in the normal course, according to the company.

Eddie Bauer’s e-commerce and wholesale operations will also not be impacted by the wind down, as they are operated by a company called Outdoor 5, LLC. That was a transition it made in January and became effective Feb. 2.

Eddie Bauer joins a growing list of U.S. retailers this year that are closing stores, as companies reorganize under bankruptcy protection or pare down their operations to focus on the most profitable businesses.

The parent company of Saks Fifth Avenue said last month that it was seeking bankruptcy protection, buffeted by rising competition and the massive debt it took on to buy its rival in the luxury sector, Neiman Marcus, just over a year ago. A few days later, the parent company said it was closing most of its Saks Off 5th stores.

Amazon said earlier this month that it was closing almost all of its Amazon Go and Amazon Fresh locations within days as it narrows its focus on food delivery and its grocery chain, Whole Foods Market.

Eddie Bauer’s namesake founder — an avid outdoorsman — started the company in Seattle in 1920 as Bauer’s Sports Shop, according to the brand’s website. In 1945, after making more than 50,000 jackets for the military, it launched a mail-order catalog.

“Bauer’s Sports Shop was not just a place where people purchased clothing and gear, it was a community hub where folks gathered to share their wisdom, learn, and talk about their experiences in the outdoors,” the website says.

The company created an American goose-down insulated jacket, known as the “Skyliner,” in 1936, and it became the company’s first patented jacket. It also outfitted the first American to climb Mount Everest — James W. Whittaker — with an Eddie Bauer parka in 1963.

After Bauer retired in 1968 and sold the business to his partner, the outdoor brand shifted more toward casual apparel and was bought by General Mills Inc. in 1971 and then by Spiegel Inc. in 1988. After Spiegel filed for bankruptcy in 2003 and most of its assets were sold, the remainder of the company was reorganized in 2005 as Eddie Bauer Holdings Inc.

In June 2009, Eddie Bauer filed bankruptcy and was acquired by Golden State Capital, the following month. In 2021, it was acquired by Authentic Brands and SPARC Group LLC.

A year ago, Catalyst was formed by the merger of SPARC and JCPenney, which Simon Property Group and fellow mall landlord Brookfield bought out of bankruptcy.

Rosen noted that even prior to the inception of Catalyst Brands last year, Eddie Bauer was in a “challenged situation.”

“Over the past year, these challenges have been exacerbated by various headwinds, including increased costs of doing business due to inflation, ongoing tariff uncertainty, and other factors,” he said.

He noted that while Catalyst’s leadership was able to make improvements in product development and marketing, those changes could not be implemented fast enough to fully address the problems created over several years.

Eddie Bauer had nearly 600 stores at its peak in 2001, according to CoStar Group Inc., a commercial real estate data firm.

In a note published earlier this month, Neil Saunders, managing director of GlobalData Retail, wrote that while the Eddie Bauer name is “well known,” the brand hasn’t kept pace with rivals like Swedish outdoor brand Fjallraven and Canadian label Arc’teryx. He also cited issues with quality deteriorating, which, for an outdoor brand measured by the performance of its products, is very problematic.

“And for many younger shoppers, the brand is seen as somewhat old-fashioned and a bit irrelevant,” he said.

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National Governors Association reportedly cancels meeting with Trump after White House snubs Democrats

An association representing governors from across the country will not be holding a formal meeting with President Donald Trump after the White House reportedly snubbed Democrats, only inviting Republican governors to attend.

‘The bipartisan White House governors meeting is an important tradition, and we are disappointed in the administration’s decision to make it a partisan occasion this year. To disinvite individual governors to the White House sessions undermines an important opportunity for federal-state collaboration,’ Bandon Tatum, CEO of the National Governors Association, said in a statement provided to Fox News Digital. 

‘At this moment in our nation’s history, it is critical that institutions continue to stand for unity, dignity, and constructive engagement,’ he added.

‘NGA will remain focused on serving all governors as they deliver solutions and model leadership for the American people. Traditionally, the White House has played a role in fostering these moments during NGA’s annual meeting. This year, they will not,’ Tatum added.

Oklahoma Gov. Kevin Stitt, a Republican who is the chairman of the NGA, said in a Monday letter to fellow governors that the association was ‘no longer serving as the facilitator’ for an event scheduled for Feb 20, according to The Associated Press, which obtained Stitt’s letter. Stitt said the NGA was meant to represent all governors — those of the 50 states as well as the governors of American Samoa, Guam, the Northern Mariana Islands, Puerto Rico and the Virgin Islands.

In response to the reported snub, Democratic governors from across the country said they would not be attending White House events. The statement was issued by Democratic Governors Association (DGA) Chair Kentucky Gov. Andy Beshear, DGA Vice Chair Michigan Gov. Gretchen Whitmer, Wisconsin Gov. Tony Evers, Massachusetts Gov. Maura Healey, New York Gov. Kathy Hochul, Kansas Gov. Laura Kelly, Connecticut Gov. Ned Lamont, New Mexico Gov. Michelle Lujan Grisham, Rhode Island Gov. Dan McKee, Maryland Gov. Wes Moore, Delaware Gov. Matt Meyer, Maine Gov. Janet Mills, California Gov. Gavin Newsom, Colorado Gov. Jared Polis, Illinois Gov. JB Pritzker, Pennsylvanie Gov. Josh Shapiro, New Jersey Gov. Mikie Sherrill and Minnesota Gov. Tim Walz.

‘Democratic governors have a long record of working across the aisle to deliver results, and we remain committed to this effort. But it’s disappointing this administration doesn’t seem to share the same goal. At every turn, President Trump is creating chaos and division, and it is the American people who are hurting as a result,’ the statement read. ‘If the reports are true that not all governors are invited to these events, which have historically been productive and bipartisan opportunities for collaboration, we will not be attending the White House dinner this year. Democratic governors remain united and will never stop fighting to protect and make life better for people in our states.’

The White House did not immediately respond to Fox News Digital’s request for comment.

The NGA was scheduled to meet in Washington from Feb. 19-21, according to the AP.

During last year’s meeting, Trump and Maine’s then-Gov. Janet Mills traded barbs, showing signs of tensions between the White House and Democrats, the AP noted. At the time, Trump singled out Mills over his administration’s push to bar transgender athletes from girls’ and women’s sports. Mills retorted, ‘We’ll see you in court.’ Trump then predicted that opposing the order would end Mills’ political career. She is now runing for U.S. Senate.

The Associated Press contributed to this report.

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Battered in Ukraine, Russia races to rearm — but questions linger over its military strength

Russia’s military has been badly battered by its failure to conquer Ukraine, but Moscow is now rebuilding its war machine for the long haul, according to a new assessment from Estonia’s foreign intelligence service, even as the force it is fielding relies more on mass and attrition than military quality. 

The report says Russia has suffered catastrophic losses since its full-scale invasion of Ukraine, with an estimated 1 million soldiers killed or severely wounded, draining its ranks and forcing the Kremlin to rely on mass mobilization rather than professional military strength.

Despite those losses, Estonian intelligence says the Kremlin is compensating by shifting toward mass and attrition, dramatically expanding weapons production and reorganizing its military around volume rather than quality, even as fighting in Ukraine continues.

Taken together, the assessment portrays a Russian military that has failed to defeat Ukraine, suffered historic manpower losses, and rebuilt around quantity over quality — leaving its true combat effectiveness increasingly in question.

Russia’s military-industrial complex has increased artillery ammunition production more than 17 times that of 2021, a surge the report says points to preparation for future conflicts rather than short-term battle needs, including the rebuilding of strategic stockpiles depleted during the war. Russia produced roughly 7 million artillery rounds in 2025 alone, according to the assessment.

The assessment cautions that Russia remains a diminished force compared with pre-war expectations — reliant on poorly trained recruits, convicts, foreign nationals and aging equipment — but warns that a degraded military rebuilt around attrition still poses a long-term challenge for Ukraine, NATO and European security.

Estonia, a frontline NATO state bordering Russia, has built one of Europe’s most detailed intelligence pictures of Russian military activity through its proximity, regional expertise and intelligence sharing with allies. Its annual assessments are closely read within NATO for its granular focus on Russia’s capabilities, limitations and long-term planning.

Nearly four years into the war, Estonia’s intelligence service says Russia has failed to achieve its core objective of subjugating Ukraine, which it describes as ‘more determinedly independent than ever before.’

President Donald Trump recently mocked Moscow’s performance, calling Russia a ‘paper tiger’ in a Truth Social post and questioning how a superpower could spend ‘four years fighting a war that should have taken a week.’

President Vladimir Putin has dismissed Western assessments of Russian military exhaustion as ‘wishful thinking.’ Speaking in Minsk, Belarus, Putin claimed Russia is actually preparing to ‘reduce defense spending’ starting in 2026, framing the surge in production as a completed objective rather than a sign of desperation. 

‘We keep moving, keep advancing, and feel confident,’ Putin retorted to ‘paper tiger’ claims. ‘If we are a paper tiger, then what is NATO?’

But, the report concludes, ‘Russia remains dangerous despite its incompetence.’

The intelligence service also stresses that Russia is not expected to launch a military attack against Estonia or any other NATO member in the coming year, a judgment it says is likely to remain unchanged if current levels of deterrence are maintained.

According to the report, Russia is ‘merely feigning interest in peace talks,’ using negotiations to buy time, ease pressure on its economy and reset conditions for a longer confrontation rather than to end the war on terms acceptable to Ukraine.

To offset its manpower losses, Russian authorities have built a nationwide recruitment system that increasingly relies on coercion and desperation rather than voluntary service, with regional governments under pressure to meet monthly enlistment quotas at any cost, the report says. 

Recruitment efforts now focus heavily on ‘socially vulnerable groups,’ including the unemployed, chronic debtors, detainees, individuals under judicial supervision, and those suffering from alcohol or drug addiction, according to the assessment. Labor migrants and foreign nationals have also been swept up into the system as traditional recruitment pools dry up.

The report ties Russia’s military strategy to mounting economic and social strain at home, saying the prolonged war has hollowed out civilian sectors of the economy while pushing the state to prioritize defense spending at the expense of living standards. Nearly all nonmilitary sectors are either in recession or stagnation, the assessment says, increasing the risk of social instability in the years ahead.

The intelligence service also documents the use of foreign students — particularly from African countries — who are lured with promises of employment or residency extensions, then redirected into military training and sent to the front. Hundreds of foreign nationals from countries including Zambia, Tanzania, Cameroon and Nigeria have been deployed to Russian combat units, often with little training and limited understanding of the terms they agreed to.

These foreign recruits are frequently assigned to units used to absorb heavy losses, shielding better-trained formations and underscoring what the report describes as Russia’s growing reliance on expendable manpower rather than professional soldiers.

The assessment describes widespread lawlessness inside the armed forces, citing abuse of power, corruption, theft, alcoholism and drug use as persistent problems that have eroded discipline and combat effectiveness. Frontline units, the report says, are increasingly composed of individuals who ‘under normal circumstances should not be entrusted with weapons.’

Russia also has relied heavily on convicts to replenish its ranks. Between 150,000 prisoners and 200,000 prisoners were recruited from Russian detention facilities between 2022 and 2025, many of them convicted of serious violent crimes and granted pardons in exchange for frontline service, according to the report.

Despite the erosion of professionalism across its ranks, Estonian intelligence cautions against interpreting Russia’s military shortcomings as a reduction in threat. Instead, it says Moscow has adapted by embracing a model built around attrition, firepower and expendability, rather than maneuver warfare or elite units.

For NATO planners, the concern is that a Russia rebuilt around mass firepower and expendable manpower lowers the threshold for prolonged, high-casualty conflicts, even if Moscow struggles with complex operations.

The report emphasizes that Russia has exhausted much of the military stockpiles it inherited from the Soviet Union and exposed systemic problems within its armed forces, yet continues to invest heavily in rebuilding ammunition reserves and unmanned systems that could be used beyond Ukraine.

Not all analysts agree that ‘mass’ is Russia’s only path. A recent report from the Royal United Services Institute (RUSI) suggests 2026 will instead be the ‘year of hybrid escalation.’ With conventional options ‘foreclosed by economic constraints,’ researchers William Dixon and Maksym Beznosiuk argue the Kremlin is pivoting to a ‘thousand cuts’ strategy of cheaper, deniable sabotage across Europe.

‘We must prepare not for a resurgent Russia but for a desperate one,’ the report warns. 

This shift replaces traditional combat with an agile network of ‘disposable’ saboteurs— recruited via encrypted apps for arson and infrastructure attacks — designed to fracture Western support for Ukraine from within.

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