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Warner Bros. Discovery reopens talks with Paramount

Warner Bros. Discovery said Tuesday that it was reopening talks with Paramount Skydance, giving the studio a week to rival Netflix in its bid to take over the streaming and cable giant.

In a statement, Warner Bros. Discovery said it had rejected the latest $30-a-share offer from Paramount but would give the company until Monday ‘to make its best and final offer.’

It also said a ‘senior representative’ of Paramount had indicated that the CBS owner would be willing to meet an even higher price, $31 a share, seemingly enticing the board back to the table.

At the same time, Warner Bros. is still recommending its shareholders vote at a special meeting March 20 to approve the $82.7 billion deal it reached in December to sell its streaming service, studio and HBO cable channel to Netflix.

Paramount is seeking to buy the entirety of Warner Bros. Discovery.

‘Every step of the way, we have provided [Paramount Skydance] with clear direction on the deficiencies in their offers and opportunities to address them,’ David Zaslav, CEO of Warner Bros. Discovery, said in the statement.

In a letter to the Paramount board — chaired by David Ellison, also the company’s CEO and controlling shareholder — Warner Bros. said that while Paramount had indicated it would address ‘unfavorable terms and conditions,’ these had not yet been removed from the proposed merger agreement.

Warner Bros. has repeatedly rejected previous bids from Paramount, citing the ‘insufficient value’ offered.

In a separate statement, Netflix hit out at what it called Paramount’s ‘antics.’

‘Throughout the robust and highly competitive strategic review process, Netflix has consistently taken a constructive, responsive approach with WBD, in stark contrast to Paramount Skydance,’ it said.

Netflix said that it was ‘confident that our transaction provides superior value and certainty’ but also recognized ‘the ongoing distraction for WBD stockholders and the broader entertainment industry caused by’ Paramount. The company said it granted Warner Bros. the one-week window to reopen talks with Paramount to ‘fully and finally resolve this matter.’

Netflix also took aim at the regulatory process required for either company to complete a takeover.

It said that Paramount has ‘repeatedly mischaracterized the regulatory review process by suggesting its proposal will sail through.’

‘WBD stockholders should not be misled into thinking that PSKY has an easier or faster path to regulatory approval — it does not,’ Netflix said.

In a statement, Paramount Skydance reiterated its existing offer to Warner Bros. Discovery of $30 per share. The company did not indicate if it would submit a higher bid.

Paramount called the one-week negotiating window ‘unusual’ but said it ‘is nonetheless prepared to engage in good faith and constructive discussions.’

The Ellison-backed media giant also said it would continue advocating against the Netflix deal and submit a slate of directors for Warner Bros.’ board at the upcoming shareholder meeting, as it previously planned to.

President Donald Trump, whose administration approved Ellison’s takeover of Paramount last year, said early in the bidding process he would be involved in approving a deal with Warner Bros.

But earlier this month, Trump changed his tune. ‘I’ve been called by both sides, it’s the two sides, but I’ve decided I shouldn’t be involved,’ he told ‘NBC Nightly News’ anchor Tom Llamas.

Trump still hinted that one company looked problematic to him. ‘I mean, there’s a theory that one of the companies is too big and it shouldn’t be allowed to do it,’ he said.

‘They’re beating the hell out of each other and there’ll be a winner,’ Trump said.

Warner Bros. has an archive of storied movies, as well as a diverse portfolio of brands including CNN and HBO.

The bidding war for the media empire comes at a pivotal time for the entertainment industry, with traditional broadcasters and studios facing serious challenges from digital newcomers Netflix, Apple and Amazon.

Since Netflix announced its deal to buy parts of Warner Bros. Discovery, its shares have tumbled nearly 25%.

This post appeared first on NBC NEWS

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House GOP moves to cement Trump energy agenda by taking sledgehammer to Biden-era regulations

A newly proposed bill by House Republicans would cement President Donald Trump’s energy agenda by taking a sledgehammer to a vast array of his Democrat predecessor’s regulations.

Rep. Craig Goldman, R-Texas, is introducing legislation that would give all future energy-related regulations a five-year sunset window, while requiring many existing rules to be amended with a one-year expiry pending a review process.

It comes after Trump levied a similar executive order that would target energy red tape imposed by former President Joe Biden during his first year in office.

But if Goldman’s bill becomes law, it would significantly hamstring the ability of future Democratic administrations to impose new long-term energy policies like Biden’s, many of which Republicans have panned as burdensome and unnecessary.

He argued to Fox News Digital that those regulations were compounding the rising costs Americans have seen in their daily lives.

‘It is going through and looking at every single cost, basically from start to finish, of energy costs, and how it affects every single American taxpayer,’ Goldman said of his legislation.

‘All anyone has to do is look at where they were a year and a half ago with costs of certain things. It was all based on regulations passed by the Biden administration, and that’s exactly what we hope to cut and codify.’

The Texas Republican pointed out that increased energy costs, including prices at the gas pump, bled into other facts of Americans’ daily lives.

‘My dad and I owned a wine and food store and, yeah, when gas prices went up, the guy who drove the 18-wheeler full of cheese from Chicago, Illinois, charged us an extra $2,000 for that delivery because his gas prices were up tremendously. And so we couldn’t afford to eat that cost, so the cheese prices went up,’ he said as an example. 

‘Everything that every single American taxpayer touches — whether they know it or not, when energy prices are high, their cost of living is in turn going to be high.’

His legislation would primarily target regulations issued under major energy and land laws overseen by the Department of Energy and Department of the Interior.

The House has already voted to roll back a number of Biden-era regulatory policies so far this term and with bipartisan support.

Last month, 11 Democrats voted with Republicans to overturn Biden administration regulations on showerhead pressure.

Both the House and Senate passed resolutions early last year to overturn Biden-era regulations targeting water heaters, with six Democrats joining Republicans in the House on that measure.

Rising energy costs have been targeted by both parties as they make competing arguments ahead of the November 2026 midterms.

But Goldman is arguing that Democrats have less of a footing to talk about affordability with select goods like gas seeing a decrease in prices this year.

‘We pushed back, and we made people realize, ‘No, wait a minute. Let’s talk about affordability. Let’s talk about where the cost of things were just over a year and two months ago, before Donald Trump came into office and before Republicans could push through good legislation that President Trump signed,’ Goldman said. ‘I kind of find it quite interesting that all of a sudden the buzzword affordability isn’t much talked about anymore.’

Co-sponsors of Goldman’s bill include Republican Study Committee Chairman August Pfluger, R-Texas, and Reps. Beth Van Duyne, R-Texas, Randy Weber, R-Texas, Dan Crenshaw, R-Texas, Anna Paulina Luna, R-Fla., Pat Harrigan, R-N.C., and Barry Moore, R-Ala. 

A Senate counterpart was introduced by Sen. Jim Risch, R-Idaho.

This post appeared first on FOX NEWS

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Mysterious 2020 explosion in China had hallmarks of nuclear test, US official alleges

A senior U.S. official offered new details Tuesday night about an alleged nuclear bomb test conducted by China in June 2020.

Assistant Secretary of State Christopher Yeaw spoke at a Hudson Institute event in Washington, D.C. on Tuesday, and said evidence of the explosion came from a seismic station in Kazakhstan. The station detected a magnitude 2.75 explosion located at China’s Lop Nur test grounds on June 22, 2020.

‘I’ve looked at additional data since then. There is very little possibility I would say that it is anything but an explosion, a singular explosion,’ Yeaw said, adding that data was not consistent with mining detonations.

‘It’s also entirely not consistent with an earthquake,’ he added. ‘It is … what you would expect with a nuclear explosive test.’

China’s embassy in Washington has rejected the Trump administration’s claim, telling NBC News that the report is ‘political manipulation,’ and the U.S. is ‘evading its own nuclear disarmament responsibilities.’

‘China urges the U.S. to reaffirm the five nuclear-weapon states’ commitment on refraining from nuclear tests, uphold the global consensus against nuclear tests, and take concrete steps to safeguard the international nuclear disarmament and non-proliferation regime,’ spokesperson Liu Pengyu told the outlet.

U.S. officials warned that Beijing may be preparing tests in the ‘hundreds of tons’ range — a scale that underscores China’s accelerating nuclear modernization and complicates efforts to draw Beijing into arms control talks.

Thomas DiNanno, undersecretary of state for arms control and international security, said recently that the United States has evidence China conducted an explosive nuclear test at its Lop Nur site.

‘I can reveal that the U.S. government is aware that China has conducted nuclear explosive tests, including preparing for tests with designated yields in the hundreds of tons,’ DiNanno said during remarks at the United Nations Conference on Disarmament.

He added, ‘China conducted one such yield-producing nuclear test on June 22 of 2020.’

DiNanno also accused Beijing of using ‘decoupling’ — detonating devices in ways that dampen seismic signals — to ‘hide its activities from the world.’

China’s foreign ministry has denied the allegations, accusing Washington of politicizing nuclear issues and reiterating that Beijing maintains a voluntary moratorium on nuclear testing.

The accusation has sharpened questions about verification, deterrence and whether the U.S. stockpile stewardship program — which relies on advanced simulations rather than live detonations — remains sufficient in an era of renewed great-power nuclear competition.

This post appeared first on FOX NEWS

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US moves to expand missiles in Philippines, putting China within range

The U.S. is preparing to expand the deployment of advanced missile systems in the northern Philippines, placing additional long-range strike capability within range of key Chinese military assets and reinforcing Washington’s effort to counter Beijing’s growing assertiveness across the Indo-Pacific.

U.S. and Philippine officials announced plans to increase deployments of ‘cutting-edge missile and unmanned systems’ to the treaty ally, as both governments condemned what they described as China’s ‘illegal, coercive, aggressive and deceptive activities’ in the South China Sea.

The move comes as confrontations between Chinese and Philippine vessels have intensified in disputed waters and as Beijing continues to pressure Taiwan, raising the stakes across the region’s most sensitive flashpoints.

It builds on the deployment of the U.S. Army’s Typhon missile system in northern Luzon, Philippines, a ground-based launcher capable of firing Tomahawk cruise missiles that can travel more than 1,000 miles.

Tomahawks can travel more than 1,000 miles — a range that, from northern Luzon, Philippines, places portions of southern China and major People’s Liberation Army (PLA) facilities within reach. The positioning also allows the U.S. and Philippine militaries to cover large swaths of the South China Sea and key maritime corridors connecting it to the broader Pacific.

The U.S. first deployed the Typhon system to Luzon, Philippines, in April 2024. An anti-ship missile launcher known as the Navy Marine Expeditionary Ship Interdiction System was deployed in 2025 to Batan Island in the northernmost Philippine province of Batanes.

That island faces the Bashi Channel, a strategic waterway just south of Taiwan that serves as a critical transit route for commercial shipping and military vessels moving between the South China Sea and the Western Pacific. Control of that channel would be vital in any potential Taiwan contingency.

Beijing has urged Manila to withdraw the U.S. systems from its territory, but officials under President Ferdinand Marcos Jr. have rejected those demands.

‘China has consistently stated its firm opposition to the United States’ deployment of advanced weapons systems in the Philippines. The introduction of strategic and offensive weapons that heighten regional tensions, fuel geopolitical confrontation, and risk triggering an arms race is extremely dangerous. Such actions are irresponsible to the people of the Philippines, to Southeast Asian nations, and to regional security as a whole,’ Chinese embassy spokesperson Liu Pengyu told Fox News Digital.  ‘The United States is not a party to disputes in the South China Sea and has no standing to intervene in maritime issues between China and the Philippines.’

‘The Taiwan question lies at the very heart of China’s core interests. China’s determination to defend its national sovereignty, security, and territorial integrity is unwavering. Any provocation that crosses red lines on Taiwan will be met with resolute countermeasures, and any attempt to obstruct China’s reunification is doomed to fail,’ Liu continued. 

Neither side detailed how many additional systems would be sent or whether the deployments would be permanent, but Philippine Ambassador to Washington Jose Manuel Romualdez said U.S. and Filipino defense officials discussed deploying upgraded missile launchers that Manila may eventually seek to purchase.

‘It’s a kind of system that’s really very sophisticated and will be deployed here in the hope that, down the road, we will be able to get our own,’ Romualdez told The Associated Press.

Romualdez stressed that the deployments are intended as a deterrent.

‘It’s purely for deterrence,’ he said. ‘Every time the Chinese show any kind of aggression, it only strengthens our resolve to have these types.’

China repeatedly has objected to the missile deployments, warning they threaten regional stability and accusing Washington of trying to contain its rise.

In a joint statement following annual bilateral talks in Manila, the U.S. and the Philippines underscored their support for freedom of navigation and unimpeded commerce in the South China Sea — a vital global trade artery through which trillions of dollars in goods pass each year.

‘Both sides condemned China’s illegal, coercive, aggressive and deceptive activities in the South China Sea, recognizing their adverse effects on regional peace and stability and the economies of the Indo-Pacific and beyond,’ the statement said.

China claims virtually the entire South China Sea despite an international tribunal ruling in 2016 that invalidated many of its sweeping claims. In recent years, Chinese coast guard and maritime militia vessels have clashed repeatedly with Philippine ships near disputed shoals, including Second Thomas Shoal.

The expanded missile deployments also come as the Pentagon balances rising tensions in multiple theaters. In recent weeks, the USS Abraham Lincoln carrier strike group — which had been operating in the Indo-Pacific — was redirected toward the Middle East as the U.S. moved to bolster its posture amid escalating tensions with Iran. 

The deployments also reflect a broader U.S. effort to strengthen its military posture along the so-called ‘first island chain’ — a string of territories stretching from Japan through Taiwan and the Philippines that forms a natural barrier to Chinese naval expansion into the Pacific.

Washington has deepened defense cooperation with Manila under the Enhanced Defense Cooperation Agreement, expanding U.S. access to Philippine bases, including sites in northern Luzon close to Taiwan.

China in May released a national security white paper criticizing the deployment of an ‘intermediate-range missile system’ in the region — widely viewed as a reference to the U.S. Typhon launcher in the Philippines. The document accused unnamed countries of reviving a ‘Cold War mentality’ and forming military ‘small groups’ that aggravate regional tensions.

For U.S. planners, dispersing mobile, land-based missile systems across allied territory complicates Beijing’s military calculus. Instead of relying solely on ships and aircraft, the U.S. can field ground-based systems that are harder to track and capable of holding Chinese naval and air assets at risk.

For Beijing, however, such deployments reinforce its long-standing claim that the United States is encircling China militarily.

As tensions simmer in both the South China Sea and around Taiwan, the positioning of long-range U.S. missile systems on Philippine soil underscores how the strategic competition between Washington and Beijing is increasingly being defined by geography — and by which side can project credible deterrent power across it.

This post appeared first on FOX NEWS

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Billionaire Victoria’s Secret mogul Les Wexner to testify in House Jeffrey Epstein probe

The House Oversight Committee is hearing from a billionaire on Wednesday who was named one of Jeffrey Epstein’s co-conspirators by a 2019 FBI document.

Les Wexner is the latest person to be deposed in the House’s investigation into the federal government’s handling of Epstein’s case. 

Unlike most previous depositions, however, committee staff and potentially some lawmakers are traveling to Ohio on Wednesday morning to depose Wexner in his home state.

A spokesperson for Wexner declined to comment on the deposition and on whether he would invoke his Fifth Amendment right to avoid answering questions.

But if he cooperates with the committee’s questioning, Wexner’s insight is likely to be key to unlocking information on just how Epstein obtained his vast wealth before dying by suicide in a Manhattan jail in 2019.

The 88-year-old businessman is the founder of L Brands, formerly called The Limited, through which he acquired well-known companies Victoria’s Secret, Bath & Body Works, Express, and Abercrombie & Fitch, among others.

He was also one of Epstein’s first major clients as a financial advisor, with Epstein being granted power of attorney over Wexner’s vast wealth.

Wexner also sold his Manhattan townhouse to Epstein, which was later discovered to be one of the locations where federal authorities accused Epstein of abusing young women and girls under 18.

But Wexner has never been criminally accused nor charged in relation to the late pedophile’s crimes.

A letter from Wexner to his Wexner Foundation charity dated Aug. 7, 2019, said he ended his relationship with Epstein sometime after the first federal investigation into his crimes emerged nearly 20 years ago.

Wexner also accused Epstein of misusing his vast wealth.

‘As the allegations against Mr. Epstein in Florida were emerging, he vehemently denied them. But by early fall 2007, it was agreed that he should step back from the management of our personal finances. In that process, we discovered that he had misappropriated vast sums of money from me and my family,’ read the letter, obtained by Fox News Digital on Tuesday.

‘This was, frankly, a tremendous shock, even though it clearly pales in comparison to the unthinkable allegations against him now. With his credibility and our trust in him destroyed, we immediately severed ties with him. We were able to recover some of the funds.’

Wexner is the fourth person appearing before the House Oversight Committee in its Epstein probe.

House Oversight Committee Chairman James Comer, R-Ky., previously oversaw the panel through the depositions of former Trump administration Attorney General Bill Barr, ex-Trump Labor Secretary Alex Acosta, who was the U.S. attorney in Florida who signed off on Epstein’s infamous 2008 non-prosecution agreement, and convicted Epstein accomplice Ghislaine Maxwell.

Maxwell’s deposition lasted less than an hour after she invoked the Fifth Amendment, refusing to answer questions unless she was granted clemency by President Donald Trump.

This post appeared first on FOX NEWS

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Why DOJ is caught up in two dozen court fights over voter rolls

Arguing that noncitizens could be on state voter rolls — something that is illegal under federal law — the Trump administration is escalating its campaign to obtain registration data ahead of the 2026 midterms, despite a string of federal court setbacks.

The strategy has unfolded on three fronts: cooperation from Republican-led states willing to share voter data, lawsuits against roughly two dozen blue and purple states that have refused, and a legislative push in Congress to tighten national voting requirements. Federal judges have so far rebuffed the administration’s legal demands, but the Justice Department is widening its campaign as Election Day draws near. 

Hans von Spakovsky, a senior legal fellow at the conservative group Advancing American Freedom, said voter rolls are a central focus ahead of the midterms because of the Trump administration’s concerns that noncitizens are on them and could end up voting. It is illegal for noncitizens to vote in federal elections.

‘The problem is, blue states, like Oregon, they have no interest in that kind of verification, so they’re not actually doing what they ought to be doing, which is running data-based comparisons with the [Department of Homeland Security],’ von Spakovsky told Fox News Digital.

The DOJ has made sweeping demands for not just publicly available voter roll data, but also sensitive information, such as voters’ partial Social Security numbers and dates of birth.

The latest state to successfully fight the DOJ’s request is Michigan, where Secretary of State Jocelyn Benson said the federal government was not entitled to its 7 million voters’ personal information beyond what was already available.

The DOJ cited three federal laws, the Civil Rights Act, the Help America Vote Act and the National Voter Registration Act, that it said gave the Trump administration the right to the confidential information. Judge Hala Jarbou disagreed.

‘The Court concludes that (1) HAVA does not require the disclosure of any records, (2) the NVRA does not require the disclosure of voter registration lists because they are not records concerning the implementation of list maintenance procedures, and (3) the CRA does not require the disclosure of voter registration lists because they are not documents that come into the possession of election officials,’ Jarbou, a Trump appointee wrote.

Federal judges in Oregon and California have also thrown out the DOJ’s lawsuits. The DOJ could appeal the decisions. A department spokesperson declined to comment for this story.

But the DOJ has seen cooperation from red states, such as Texas, Alabama and Mississippi, who were among several to reach a ‘Memorandum of Understanding’ that led the states to hand over the information the department wanted.

In another maneuver, Attorney General Pam Bondi pressured Minnesota Gov. Tim Walz, a Democrat, to provide the Midwest battleground’s voter rolls, saying in a warning letter that such action would help ease unrest in the state that stemmed from a federal immigration crackdown there. 

Democrats were enraged by the letter and have argued the Trump administration is infringing on states’ rights to conduct their own elections.

Sen. Chris Murphy, D-Ct., argued the letter was a ‘pretext for Trump to take over elections in swing states,’ while a state lawyer described the letter as a ‘ransom note.’ The DOJ, at the time, told Fox News Digital Democrats were ‘shamelessly lying’ about the letter’s purpose. Bondi said that handing over the voter rolls was among several ‘simple steps’ Minnesota could take to ‘bring back law and order.’ A lawsuit is still pending in Minnesota over the voter rolls.

In Congress, the Safeguard American Voter Eligibility Act would make it a national requirement that people registering to vote provide in-person proof of citizenship, such as birth certificates or passports. The legislation also includes a new national requirement for photo ID at the polls.

The bill has widespread Republican support. The House passed the SAVE Act last week, and even moderate Republican senators like Sen. Susan Collins, R-Me., have said they are on board with it. The bill is still stalled in the Senate, however, because it needs 60 votes to pass, meaning several Democrats would need to support it. Currently, none do. 

Von Spakovsky noted that the SAVE Act had a key provision that would allow private citizens to bring lawsuits over it.

‘There’s no question in my mind that if the Save Act gets passed, there are election officials in blue states that will be reluctant to or may refuse to enforce the proof of citizenship requirement,’ von Spakovsky said. ‘The Save Act provides a private right of action, so that means that citizens in Oregon could sue those election officials if they’re refusing to comply with the Save Act.’

He said the private right of action provision would also provide recourse for citizens if Democrats take over the DOJ in the next administration and refuse to enforce the SAVE Act.

Trump has repeatedly argued that noncitizen voting poses a threat to election integrity and has pressed Republican lawmakers to tighten federal requirements. Last week, he floated attempting to impose identification requirements through executive order if Congress does not act.

‘This is an issue that must be fought, and must be fought, NOW!’ Trump wrote on Truth Social. ‘If we can’t get it through Congress, there are Legal reasons why this SCAM is not permitted. I will be presenting them shortly, in the form of an Executive Order.’

A much broader bill called the Make Elections Great Again Act is still moving through the House and faces a steeper uphill climb to passage.

In addition to national documented proof of citizenship requirement, the MEGA Act would end universal mail voting, eliminate ranked-choice voting and ban ballots postmarked by Election Day from being accepted after that day, which would outlaw postmark rules in 14 states and Washington, D.C.

This post appeared first on FOX NEWS

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NevGold Drills 8.51 g/t Oxide AuEq Over 10.6 MetersWithin 2.32 g/t Oxide AuEq Over 86.8 Meters ; Discovers High-Grade Oxide Gold-Antimony “Armory Fault” Structure At Bullet Zone

Nevgold Corp. (‘NevGold’ or the ‘Company’) (TSXV:NAU,OTC:NAUFF) (OTCQX:NAUFF) (Frankfurt:5E50) is pleased to announce the high-grade oxide gold-antimony discovery of the ‘Armory Fault’ at the Bullet Zone at its Limousine Butte Project (the ‘Project’, ‘Limo Butte’) in Nevada. The discovery of the ‘Armory Fault’ is a key, transformational development in defining the high-grade structural controls of mineralization at the evolving Bullet Zone. All drillholes at the Bullet Zone from the 2H-2025 drill program intercepted substantial oxide gold-antimony mineralization, significantly expanding the mineralization footprint at the Project. The Company continues to focus on dual track project development by advancing the near-term antimony production scenario from the historical gold leach pads at surface, while it drills the Project to define an initial gold-antimony Mineral Resource Estimate (‘MRE’).

Key Highlights

  • ‘Armory Fault’ discovery identifies key structural control of high-grade mineralization at the Bullet Zone with oxide gold-antimony of 8.51 g/t AuEq* over 10.6 meters (8.11 g/t Au and 0.10% Sb), within 2.32 g/t AuEq* over 86.8 meters (1.94 g/t Au and 0.10% Sb):
    • LB25-017 Lower Zone (step-out, new ‘Armory Fault’ discovery): 12.34 g/t AuEq* over 3.0 meters (11.95 g/t Au and 0.10% Sb) within 8.51 g/t AuEq* over 10.6 meters (8.11 g/t Au and 0.10% Sb), within 2.32 g/t AuEq* over 86.8 meters (1.94 g/t Au and 0.10% Sb); due to drilling conditions, the hole terminated in 8.25 g/t oxide Au, with the highest interval up to 12.80 g/t oxide Au
    • LB25-017 Upper Zone (step-out, expansion of near-surface high-grade oxide antimony-gold): 5.46 g/t AuEq* over 3.1 meters (0.82% Sb and 2.27 g/t Au) within 3.14 g/t AuEq* over 9.2 meters (0.48% Sb and 1.27 g/t Au) within 1.59 g/t AuEq* over 21.3 meters (0.25% Sb and 0.61 g/t Au) starting at 4.6 meters; high-grade antimony is concentrated along the low-angle thrust fault under the ‘upper plate dolomite’ (Figure 2)
    • LB25-016 (step-out, adds over 50 meters north of mineralization footprint): 1.25 g/t AuEq* over 10.7 meters (0.63 g/t Au and 0.16% Sb), within 0.66 g/t AuEq* over 30.5 meters (0.31 g/t Au and 0.09% Sb)
    • *Gold equivalents (‘AuEq’) are based on assumed metals prices of US$3,000/oz of gold and US$40,000 per tonne of antimony, and assumed metals recoveries of 80% for gold and 75% for antimony.
  • ‘Armory Fault’ is transformational to the Project as it identifies important structural controls of high-grade oxide gold-antimony mineralization (Figure 1): 
    • 30 holes completed in the current 2025-2026 drill program with 12 holes pending release 
    • Antimony is one of the highest priority Critical Minerals due to its strategic importance and military applications; Limo Butte is a brownfield mine site located in the State of Nevada with near-surface, high-grade antimony mineralization   

    Limo Butte Planned 2025-2026 Activities / Status Update
    NevGold will continue its active exploration program at Limo Butte including:

    • Evaluating the historical geological database with focus on gold and antimony (completed);
    • Advancing metallurgical testwork (continuous activity);
    • Continuing to drill test gold-antimony targets (30 drillholes completed, 2026 drill program will continue to test new high-grade Bullet Zone and Armory Fault discoveries, and identified project-wide targets);
    • Advancing the Crushed and Run of Mine (‘ROM’) leach pads toward near-term antimony production (Phase I sampling completed, Company has engaged sonic drill contractor to drill leach pads, metallurgical testwork is continuing);
    • Completing initial gold-antimony Mineral Resource Estimate (MRE) (in progress).

    NevGold CEO, Brandon Bonifacio, comments: ‘The discovery of the Armory Fault at the Bullet Zone is transformational from an exploration standpoint, as it identifies what is thought to be a key structural control of high-grade oxide gold-antimony mineralization. This fault was never modelled previously, and our technical team has done a tremendous job developing this target. Our geological model testing the ‘under the upper dolomite’ target concept has been validated as we have intercepted significant gold-antimony mineralization in every single drillhole at the Bullet Zone. The mineralization footprint and upside that we have added to the future potential gold-antimony Mineral Resource Estimate (MRE) is significant, and we will start our 2026 drill program as rapidly as possible to further test this evolving, high-grade target area. We also strongly believe that this target model can be replicated project-wide, and we have many high-priority targets that are now emerging with this key transformational step-change in the project geological model. We continue to execute on all of our various work programs at Limo Butte, and the Project is one of the highest grade gold-antimony projects in the United States.‘ 

    Figure 1 – Resurrection Ridge target area with the Bullet Zone discovery and newly defined high-grade Armory Fault. Figure also includes completed NevGold 2025 drilling and identified expansion areas with the thrust faulted Upper Plate Dolomite. Red outline is the previous mineralization footprint at Resurrection Ridge, and the green outline is the key expansion area for 2026 drilling. To view image please click here

    Figure 2 – Long section with results from 2025 drilling and the Bullet Zone and Armory Fault discoveries. Light blue bar graphs (left) show Antimony (Sb ppm) in drilling, and yellow to red discs (right) show Gold (Au ppm) in drilling. Transparent drillholes are from prior to 2025, with many holes not analyzed for antimony. Mineralization remains open in all directions at the Bullet Zone discovery. To view image please click here

    Figure 3 – Long section with results from 2025 drilling and new high-grade Armory Fault discovery. Light blue bar graphs (left) show Antimony (Sb ppm) in drilling, and yellow to red discs (right) show Gold (Au ppm) in drilling. Updated geologic model shows faults with high magnitude of offset between vertical holes, which are high priority targets for 2026 drilling. All holes drilled into this area intercepted significant oxide gold-antimony mineralization adding significant growth to the mineralized footprint at the Project. Mineralization trends to surface.
    To view image please click here

    2025-2026 Drill Results

    Hole ID Length, m* g/t Au % Sb g/t AuEq** From, m To, m
    Resurrection Ridge & ‘Bullet Zone’ Discovery
    LB25-017 Upper 21.3 0.61 0.25% 1.59 4.6 25.9
       including 9.2 1.27 0.48% 3.14 13.7 22.9
       also including 3.1 2.27 0.82% 5.46 15.2 18.3
    LB25-017 Lower*** 86.8 1.94 0.10% 2.32 187.5 274.3
       including 10.6 8.11 0.10% 8.51 263.7 274.3
       also including 3.0 11.95 0.10% 12.34 263.7 266.7
    LB25-016 141.7 0.11 0.03% 0.23 0.0 141.7
       including 30.5 0.31 0.09% 0.66 0.0 30.5
       including 10.7 0.63 0.16% 1.25 0.0 10.7

    *Downhole thickness reported; true width varies depending on drill hole dip and is approximately 70% to 90% of downhole thickness.
    **The gold equivalents (‘AuEq’) are based on assumed metals prices of US$3,000/oz of gold and US$40,000 per tonne of antimony, and assumed metals recoveries of 80% for gold and 75% for antimony.
    ***Several intervals had low recovery due to drilling conditions.

    Drillhole Orientation Details

    Hole ID Target Zone Easting Northing Elevation (m) Length (m) Azimuth Dip
    LB25-016 Bullet Zone (RR) 667291 4417567 2174 174 90 -75
    LB25-017 Bullet Zone (RR) 667121 4417247 2177 275 130 -60

    Limo Butte – Updated Geological Model Summary and Discovery of Bullet Zone
    The Devonian Pilot Shale (‘Pilot Shale’, ‘Pilot’) is the principal local host to Carlin-type mineralization at Limousine Butte. At Limousine Butte, positive gold grades commonly coincide with silicification and jasperoid breccias within the Pilot Shale, and this alteration style is also host to elevated antimony.

    NevGold’s 2021–2025 work included integrating historical drilling, new mapping, and surface sampling which produced an updated district model and refined property-wide controls on mineralization. At Resurrection Ridge, Devonian–Silurian dolomite is exposed immediately east of known gold-antimony mineralization. Earlier explorers inferred that the overlying Pilot Shale had been eroded in this area, and they did not test eastward, despite shallow high-grade intercepts in the easternmost holes drilled at Resurrection Ridge. The new model indicates the older dolomite was thrust over the prospective Pilot Shale unit (see Figure 4), creating structural preparation and a fluid trap that preserves the favorable host at depth, the classic architecture for a Carlin-type system.

    The holes drilled by the Company in 2025 with assays received have continued to validate the new NevGold geological model. Holes collared in dolomite, passed through the upper thrust plate, and intersected gold and antimony at multiple horizons within the underlying Pilot Shale validating the new geological model and materially expanding the potential mineralization footprint at the Project.

    The preserved Pilot Shale extends more than one kilometer east of prior drilling at Resurrection Ridge (see Figure 5).

    Figure 4 – Comparison of historical geological model (left) and new NevGold geological model (right) outlining the thesis that the older dolomite unit was thrust over the prospective Pilot Shale unit. The preserved Pilot Shale unit extends more than 1 kilometer east of prior drilling at Resurrection Ridge. To view image please click here

    Property-wide, the updated model outlines multiple Au–Sb target corridors that track outcrops and projected subsurface positions of the Pilot Shale, where repeated faulting and thrusting provided fluid pathways and focused mineralization. NevGold’s 2025-2026 drill program continues to test these high-priority targets.

    Figure 5 – Large cross section at the Project outlining the strong expansion potential between Resurrection Ridge and Crashed Airplane Valley, which spans +2.5 kilometers. To view image please click here

    Historical records within the project boundary document two small-scale antimony prospects—the Nevada Antimony Mine and the Lage Antimony Prospect (Figure 1). The Nevada Antimony Mine extracted stibnite (Sb₂S₃) from a hydrothermal breccia via shallow pits; the Lage prospect similarly reports limited antimony production. Complementing these records, rock-chip sampling from the Golden Butte pit (Brigham Young University thesis) returned numerous assays exceeding 1% Sb in jasperoid breccias, with several over 5% Sb, including a sample grading 9.6% Sb with visible stibnite and stibiconite (BYU Thesis Report ).

    Together, these datasets support a district-scale interpretation in which thrust repetition preserves the Pilot Shale at depth east of Resurrection Ridge and focuses Au–Sb mineralization along structurally prepared horizons, establishing multiple high-priority targets for step-out drilling and follow-up work.

    Importance of Antimony
    Antimony is considered a ‘Critical Mineral’ by the United States based on the U.S. Geological Survey’s 2022 list (U.S.G.S. (2022)). ‘Critical Minerals’ are metals and non-metals essential to the economy and national security. Antimony is utilized in all manners of military applications, including the manufacturing of armor piercing bullets, night vision goggles, infrared sensors, precision optics, laser sighting, explosive formulations, hardened lead for bullets and shrapnel, ammunition primers, tracer ammunition, nuclear weapons and production, tritium production, flares, military clothing, and communication equipment. Other uses include technology (semi-conductors, circuit boards, electric switches, fluorescent lighting, high quality clear glass and lithium-ion batteries) and clean-energy storage.

    Globally, approximately 90% of the world’s current antimony supply is produced by China, Russia, and Tajikistan. Beginning on September 15, 2024, China, which is responsible for nearly half of all global mined antimony output and dominates global refinement and processing, announced that it will restrict antimony exports. In December-2024, China explicitly restricted antimony exports to the United States citing its dual military and civilian uses, which further exacerbated global supply chain concerns. (Lv, A. and Munroe, T. (2024)) The U.S. Department of Defense (‘DOD’) has designated antimony as a ‘Critical Mineral’ due to its importance in national security, and governments are now prioritizing domestic production to mitigate supply chain disruptions. Projects exploring antimony sources in North America play a key role in addressing these challenges.

    Perpetua Resources Corp. (‘Perpetua’, NASDAQ:PPTA, TSX:PPTA) has the most advanced domestic gold-antimony project in the United States. Perpetua’s project, known as Stibnite, is located in Idaho approximately 130 km northeast of NevGold’s Nutmeg Mountain and Zeus projects. Positive advancements at Stibnite including technical development and permitting has led to US$75 million in Department of Defense (‘DOD’) awards, over $1.8 billion in indicative financing from the Export Import Bank of the United States (‘US EXIM’) (see Perpetua Resources News Release from April 8, 2024) (Perpetua Resources. (2025)), and recent strategic investments of US$180 million from Agnico-Eagle Mines Limited (‘Agnico’) and US$75 million from JPMorganChase’s $1.5 trillion Security and Resiliency Initiative. (see Perpetua Resources News Release from October 27, 2025)

    Figure 6 – Limousine Butte Land Holdings and District Exploration Activity To view image please click here

    ON BEHALF OF THE BOARD

    ‘Signed’

    Brandon Bonifacio, President & CEO

    For further information, please contact Brandon Bonifacio at bbonifacio@nev-gold.com, call 604-337-4997, or visit our website at www.nev-gold.com.

    Sampling Methodology, Quality Control and Quality Assurance
    NevGold QA/QC protocols are followed on the Project and include insertion of duplicate, blank and standard samples in all drill holes. A 30g gold fire assay and multi-elemental analysis ICP-OES method was completed by ISO 17025 certified American Assay Labs, Reno.

    The historic data collection chain of custody procedures and analytical results by previous operators appear adequate and were completed to industry standard practices. For the Newmont and US Gold data a 30g gold fire assay and multi-elemental analysis ICP-OES method MS-41 was completed by ISO 17025 certified ALS Chemex, Reno or Elko Nevada.

    Geochemical ICP (5g) analysis for the Wilson, Christianson and Tingey report was completed by Geochemical Services Inc. and the XRF analyses (glass disk or pellets) by Brigham Young University.

    Technical information contained in this news release has been reviewed and approved by Greg French, CPG, the Company’s Vice President, Exploration, who is NevGold’s Qualified Person (‘QP’) under National Instrument 43-101 and responsible for technical matters of this release.

    About the Company
    NevGold is an exploration and development company targeting large-scale mineral systems in the proven districts of Nevada and Idaho. NevGold owns a 100% interest in the Limousine Butte and Cedar Wash gold projects in Nevada, and the Nutmeg Mountain gold project and Zeus copper project in Idaho.

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

    Cautionary Note Regarding Forward Looking Statements

    This news release contains forward-looking statements that are based on the Company’s current expectations and estimates. Forward-looking statements are frequently characterized by words such as ‘plan’, ‘expect’, ‘project’, ‘intend’, ‘believe’, ‘anticipate’, ‘estimate’, ‘suggest’, ‘indicate’ and other similar words or statements that certain events or conditions ‘may’ or ‘will’ occur. Forward-looking statements include, but are not limited to, the proposed work programs at Limousine Butte, the exploration potential at Limousine Butte, and future potential project milestones such as the potential Mineral Resource Estimate (‘MRE’). Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements. Such risks include, but are not limited to, general economic, market and business conditions, and the ability to obtain all necessary regulatory approvals. There is some risk that the forward-looking statements will not prove to be accurate, that the management’s assumptions may not be correct or that actual results may differ materially from such forward-looking statements. Accordingly, readers should not place undue reliance on the forward-looking statements. Any forward-looking statement speaks only as of the date on which 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. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.

    References

    Blackmon, D. (2021) Antimony: The Most Important Mineral You Never Heard Of. Article Prepared by Forbes.

    Kurtenbach, E. (2024) China Bans Exports to US of Gallium, Germanium, Antimony in response to Chip Sanctions. Article Prepared by AP News.

    Lv, A. and Munroe, T. (2024) China Bans Export of Critical Minerals to US as Trade Tensions Escalate.  Article Prepared by Reuters.

    Lv, A. and Jackson, L. (2025) China’s Curbs on Exports of Strategic Minerals. Article Prepared by Reuters.

    Perpetua Resources. (2025) Antimony Summary.  Articles and Videos Prepared by Perpetua Resources.

    Sangine, E. (2022) U.S. Geological Survey, Mineral Commodity Summaries, January 2023. Antimony Summary Report prepared by U.S.G.S

    U.S.G.S. (2022) U.S. Geological Survey Releases 2022 List of Critical Minerals. Reported Prepared by U.S.G.S

    Wilson, D.,J., Christiansen, E., H., and Tingey, D., G., 1994, Geology and Geochemistry of the Golden Butte Mine- A Small Carlin- Type Gold Deposit in Eastern Nevada: Brigham Young University Geology Studies, v.40, P.185-211. BYU V.40 P.185-211.  

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    Cartier Extends Mineralized System 4 km East of Main; Cuts 23.2 g/t Au over 1.0 m at Nordeau ; Expands High-Grade Gold Near Surface at East Nordeau Zone

    Cartier Resources Inc. (″ Cartier ″ or the ″ Company ″) (TSXV: ECR,OTC:ECRFF; FSE: 6CA) is pleased to announce the eighth batch of results from the 100,000-m drilling program (2 drill rigs), for the Nordeau Sector and more precisely, the East Nordeau Zone (″ ENZ ″), on the 100%-owned Cadillac Project, located in Val-d’Or (Abitibi, Quebec). The ENZ consists of two parallel high-grade gold zones: EN1 and EN2, spaced approximately 25 m apart.

    Strategic Highlights from Nordeau Sector

    Drill Hole Results (Figures 1 to 4)

    • CA25-565 intersected 23.2 g/t Au over 1.0 m (EN1 Zone).
    • CA26-570 graded 11.9 g/t Au over 1.0 m (EN1 Zone) and 14.1 g/t Au over 1.0 m (EN2 Zone).
    • CA26-572 reported 7.3 g/t Au over 1.0 m (EN1 Zone).

    Significance for Investors

    • Holes CA25-565, CA26-570 and 572 confirm the newly recognized ENZ high-grade gold zone near surface. The mineralization extends over a minimum of 400 m in strike length and remains open at depth.
    • New mineralization environment with iron formations indicates a strong opportunity for making gold discoveries, increasing the scale of target area in the Nordeau Sector.
    • Most importantly, ENZ is strategically located just 800 metres south of Contact Sector and the new emergent high-grade gold North Contact Zone, signaling significant upside exploration potential.

    Next Steps

    • Further expansion drilling is planned to significantly refine the geological model, verify the mineralization continuity and determine the gold enrichment.
    • Additional exploration drilling is required to test several new high-priority regional targets along strike of the Nordeau Sector and the Cadillac Fault Zone, backed by detailed structural and geological modelling and VRIFY’s artificial intelligence (AI) driven targeting.

    ‘ The Nordeau Sector now becomes the third sector to return significant gold results from our 100,000-meter drill campaign, underscoring the growing scale and strength of the mineralized system. With no fewer than 11 sectors to be drilled, this aggressive program is designed to unlock multiple new gold discoveries and firmly establish the Cadillac Project as a camp-scale gold opportunity with upside exploration potential.‘ – Philippe Cloutier, President and CEO of Cartier.

    ‘ The initial results from the Nordeau Sector indicate a gold enrichment trend comparable to that observed in the North Contact Zone of the Contact Sector. These findings also suggest that the sector may exhibit a slightly different structural geometry than that identified in the Main Sector and at the past-producing Chimo mine. This drilling program is designed to confirm this interpretation and further define the sector’s potential, with the objective of unlocking additional value for shareholders. ‘ – Ronan Deroff, Vice President Exploration of Cartier.

    Table 1: Drill hole best assay results from Nordeau Sector

    Hole Number From (m) To (m) Core Length** (m) Au (g/t) Uncut Vertical Depth (m) Zone
    CA25-561 249.9 250.9 1.0 4.9 ≈160 –
    CA25-565 68.0 69.0 1.0 23.2 ≈70 EN1
    CA26-570 33.0 34.0 1.0 11.9 ≈25 EN1
    And  78.0 79.0 1.0 14.1 ≈60 EN2
    CA26-572 117.0 118.0 1.0 7.3 ≈90 EN1

    * Occurrences of visible gold (VG) have been noted in the drill core at various intervals. ** Based on the observed intercept angles within the drill core, true thicknesses are estimated to represent approximately 70-95% of the reported core length intervals.

    Figure 1: Location of the new drill results (regional plan view)

    Figure 2: Location of the new drill results (regional longitudinal section)

    Figure 3: Plan view, cross and long sections of the Nordeau Sector

    Figure 4: Photos of the drill core from holes CA25-565 and CA26-570

    Nordeau Sector

    The Nordeau Sector is a highly prospective area featuring the East Nordeau Zone with indicated resources of 17,500 ounces (0.3 million tonnes at 1.7 g/t Au) and inferred resources of 101,200 ounces (1.7 million tonnes at 1.9 g/t Au). The latter is the first ever resource estimate in this sector for which there has been only limited and relatively shallow testing. This sector hosts several newly defined high-priority drill targets.

    The ENZ lies along an east-west trending, strongly sheared corridor (Cadillac Fault Zone) and occurs in an iron formation (Cadillac Group) within the turbiditic sedimentary rocks (wacke-mudrock) of Cadillac Group. This lithological unit is a favorable horizon for hydrothermal fluid flow, likely related to synvolcanic gold deposition.

    The ENZ, defined by at least two parallel gold-rich zones, are typically and primarily associated with a medium to coarse-grained and disseminated pyrrhotite-pyrite-arsenopyrite mineralization, with a pervasive carbonate-garnet alteration, all crosscut by late-stage smoky quartz vein and veinlet stockworks.

    Milestones of 2025-2027 Exploration Program

    100,000 m Drilling Program (Q3 2025 to Q2 2027)

    The ambitious 600-hole drilling program will both expand known gold zones and test new shallow surface high-potential targets. The objective is to unlock the camp-scale, high-grade gold potential along the 15 km Cadillac Fault Zone. It is important to note that Cartier’s recent consolidation of this large land holding offers the unique opportunity in over 90 years for unrestricted exploration.

    Environmental Baseline Studies & Economic Evaluation of Chimo mine tailings (Q3 2025 to Q3 2026)

    The baseline studies will be divided into two distinct parts which include 1) environmental baseline desktop study and 2) preliminary environmental geochemical characterization. The initial baseline studies will provide a comprehensive understanding of the current environmental conditions and implement operations that minimize environmental impact while optimizing the economic potential of the project. These studies will be supplemented by an initial assessment of the economic potential of the past-producing Chimo mine tailings to determine whether a quantity of gold can be extracted economically.

    Metallurgical Sampling and Testwork Program (Q4 2025 to Q1 2026)

    The metallurgical testwork program includes defining of expected gold recovery rates and improving historical results from the Chimo deposit, as well as establishing metallurgical recovery data for the first-time for the East Chimo and West Nordeau satellite deposits, where no previous data exists. This comprehensive program will characterize the mineralized material, gold recovery potential and validate optimal grind size defining the most efficient and cost-effective flowsheet. The data generated will directly support optimized project development and have the potential to significantly reduce both capital and operating costs, while also improving the environmental footprint.

    Preliminary Economic Assessment (2026)

    Internal engineering studies have been initiated to validate a multitude of development scenarios that consider the updated MRE and current market environment. Following the selection of the most optimal scenario, a PEA will be completed which will also build upon the results of the metallurgical testwork program and the environmental baseline studies to unveil the updated development strategy and vision of the project.

    Table 2: Drill hole collar coordinates from Nordeau Sector

    Hole Number UTM Easting (m) UTM Northing (m) Elevation (m) Azimuth (°) Dip (°) Hole Length (m)
    CA25-561 336378 5319582 351 177 -44 261
    CA25-565 336230 5319051 351 221 -73 141
    CA25-566 336230 5319051 351 145 -64 151
    CA26-570 335844 5319145 355 147 -56 81
    CA26-571 335908 5319237 355 221 -51 174
    CA26-572 335908 5319237 355 183 -52 186


    Table 3    : Drill hole detailed assay results from Nordeau Sector

    Hole Number From (m) To (m) Core Length* (m) Au (g/t) Uncut Vertical Depth (m) Zone
    CA25-561 249.9 250.9 1.0 4.9 ≈160 –
    CA25-565 68.0 69.0 1.0 23.2 ≈70 EN1
    CA25-566 138.0 141.1 3.1 1.1 ≈120 –
    Including  138.0 139.0 1.0 1.5
    Including  140.0 141.1 1.1 1.1
    CA26-570 26.0 27.0 1.0 2.1 ≈25 EN1
    And  33.4 34.0 1.0 11.9
    And  78.0 79.0 1.0 14.1 ≈60 EN2
    CA26-571 145.0 146.0 1.0 2.4 ≈110 EN2
    CA26-572 108.0 109.0 1.0 1.0 ≈90 EN1
    Including  117.0 118.0 1.0 7.3
    And  137.0 137.5 0.5 1.0 ≈105 EN2
    And  139.5 140.5 1.0 3.0

    * Occurrences of visible gold (VG) have been noted in the drill core at various intervals. ** Based on the observed intercept angles within the drill core, true thicknesses are estimated to represent approximately 70-95% of the reported core length intervals.

    Quality Assurance and Quality Control (QA/QC) Program

    The drill core from the Cadillac Project is NQ-size and, upon receipt from the drill rig, is described and sampled by Cartier geologists. Core is sawn in half, with one half labelled, bagged and submitted for analysis and the other half retained and stored at Cartier’s coreshack facilities located in Val-d’Or, Quebec, for future reference and verification. As part of Quality Assurance and Quality Control (QA/QC) program, Cartier inserts blank samples and certified reference materials (standards) at regular intervals into the sample stream prior to shipment to monitor laboratory performance and analytical accuracy.

    Drill core samples are sent to MSALABS’s analytical laboratory located in Val-d’Or, Quebec, for preparation and gold analysis. The entire sample is dried and crushed (70% passing a 2-millimeter sieve). The analysis for gold is performed on an approximately 500 g aliquot using Chrysos Photon Assay technology, which uses high-energy X-ray excitation with gamma detection to quickly and non-destructively measure gold content.

    Alternatively, samples are submitted to Activation Laboratories Ltd. (‘Actlabs’), located in either Val-d’Or or Ste-Germaine-Boulé, both in Quebec, for preparation and gold analysis. The entire sample is dried, crushed (90% passing a 2-millimetre sieve) and 250 g is pulverized (90% passing a 0.07-millimetre sieve). The analysis for gold is conducted using a 50 g fire assay fusion with atomic absorption spectroscopy (AAS) finish, with a detection limit up to 10,000 ppb. Samples exceeding this threshold are reanalyzed by fire assay with a gravimetric finish to determine high-grade values accurately.

    Both MSALABS and Actlabs are ISO/IEC 17025 accredited for gold assays and implement industry-standard QA/QC protocols. Their internal quality control programs include the use of blanks, duplicates, and certified reference materials at set intervals, with established acceptance criteria to ensure data integrity and analytical precision.

    Qualified Person

    The scientific and technical content of this press release has been prepared, reviewed and approved by Mr. Ronan Déroff, P.Geo., M.Sc., Vice President Exploration, who is a ″ Qualified Person ″ as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (″ NI 43-101 ″).

    About Cadillac Project

    The Cadillac Project, covering 14,000 hectares along a 15-kilometre stretch of the Cadillac Fault, is one of the largest consolidated land packages in the Val-d’Or mining camp. Cartier’s flagship asset integrates the historic Chimo Mine and East Cadillac projects, creating a dominant position in a world class gold mining district. With excellent road access, year-round infrastructure and nearby milling capacity, the project is ideally positioned for rapid advancement and value creation.

    The Cadillac property contains total gold resource of 767,800 ounces in the measured and indicated category (10.0 Mt at 2.4 g/t Au) and 2,416,900 ounces in the inferred category (35.2 Mt at 2.1 g/t Au) across all the sectors. Please see the ″ NI 43-101 Technical Report and Mineral Resource Estimate on the Cadillac Project, Val-d’Or, Abitibi, Quebec, Canada. Pierre-Luc Richard, P.Geo. of PLR Resources Inc., Stephen Coates, P.Eng. of Evomine Consulting Inc. and Florent Baril, P.Eng. of Bumigeme Inc. ″, effective January 27, 2026.

    About Cartier Resources Inc.

    Cartier Resources Inc., founded in 2006 and headquartered in Val-d’Or (Quebec) is a gold exploration company focused on building shareholder value through discovery and development in one of Canada’s most prolific mining camps. The Company combines strong technical expertise and a track record of successful exploration to advance its flagship Cadillac Project. Cartier’s strategy is clear: unlock the full potential of one of the largest undeveloped gold landholdings in Quebec.

    For further information, contact:

    Philippe Cloutier, P. Geo.
    President and CEO
    Telephone: 819-856-0512
    philippe.cloutier@ressourcescartier.com
    www.ressourcescartier.com

    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.

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/9c3a9f1d-5679-4c82-9013-3bb700669d70

    https://www.globenewswire.com/NewsRoom/AttachmentNg/7d621357-ee0b-4542-88dd-54d2baa3cb6f

    https://www.globenewswire.com/NewsRoom/AttachmentNg/6bd11899-e451-4629-a984-32cbe71f92ad

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    Ormat Signs 150MW Geothermal Deal to Power Google Data Centers in Nevada

    Ormat Technologies (NYSE:ORA) confirmed it has signed a long-term agreement to supply up to 150 megawatts of geothermal power to support Google’s data center operations in Nevada.

    The Reno-based renewable energy company announced Tuesday (February 17) that it entered into a portfolio power purchase agreement (PPA) with NV Energy, the Berkshire Hathaway-owned utility serving Nevada.

    The electricity will ultimately support Alphabet (NASDAQ:GOOGL) Inc.’s Google under NV Energy’s Clean Transition Tariff (CTT) framework.

    Under the terms of the deal, Ormat will develop a series of new geothermal projects across Nevada capable of delivering up to 150 MW of capacity. The projects are expected to come online between 2028 and 2030.

    The contract term will begin once the first project achieves commercial operation and will extend 15 years beyond the commercial operation date of the final project, creating a long-duration revenue stream.

    The structure allows projects to be added to the portfolio as they reach commercial operation, giving Ormat flexibility in staging development while providing Google with a scalable source of clean, around-the-clock electricity.

    “AI is fundamentally increasing electricity demand across the technology sector, and geothermal power is uniquely positioned to deliver the reliable, carbon-free power required to support that growth,” said Ormat CEO Doron Blachar. “This portfolio PPA provides long-term profitable revenue growth and clear visibility into our portfolio development plans, while solidifying our conviction in the expanded exploration and drilling activities we have undertaken over the past several years that laid the groundwork for securing this significant agreement and others like it.”

    Blachar added that the agreement, combined with the extension of geothermal tax credits under the OBBBA framework, strengthens Ormat’s ability to execute its long-term growth strategy.

    “The momentum of the Clean Transition Tariff through this agreement with NV Energy, Google and Ormat demonstrates a proven, scalable model for large customers to partner with utilities and technology providers to bring new clean capacity to the grid,” said Briana Kobor, Google’s Head of Energy Market Innovation.

    The Clean Transition Tariff enables large energy users to procure new clean generation while covering the full costs of their electric service, a structure designed to prevent cost shifts to other customers.

    Ormat said the framework could be replicated in other US electricity markets.

    The announcement was well received by investors. Ormat shares rose as much as 8.1 percent intraday, marking the company’s largest single-day gain since 2023.

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

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    LaFleur Minerals Progressing Towards Gold Pour at Beacon Gold Mill in Val-d’Or, Québec

    LaFleur Minerals Inc. (CSE: LFLR,OTC:LFLRF) (OTCQB: LFLRF) (FSE: 3WK0) (‘LaFleur Minerals’ or the ‘Company’) is pleased to provide an update on the advancement of its Beacon Gold Mill restart plans, further to the Company’s press release dated January 26, 2026, which outlined its near-term production strategy and the ongoing advancement of its comprehensive Preliminary Economic Assessment (‘PEA’). The Company’s assets, the Swanson Gold Deposit and Beacon Gold Mill, lie in the heart of the Val-d’Or, Québec mining camp, on the prolific Abitibi Greenstone Belt, Canada’s largest gold producing region.

    Valley of Gold, Val-d’Or, Québec

    The Val-d’Or/Rouyn-Noranda mining camp is a premier gold mining hub within the Abitibi Greenstone Belt of Québec with over 73 million ounces of gold produced from 1926 to 2019 (source: DigiGeoData). The Val-d’Or mining district, known as the ‘Valley of Gold,’ is characterized by Archean greenstone-hosted orogenic gold deposits typically found in quartz-tourmaline-carbonate veins. The Lamaque Complex is located in Val-d’Or and operated by Eldorado Gold Inc. Commercial production was declared at the Triangle mine on March 31, 2019, and has since produced over 1 Moz of gold (source: Eldorado Gold website). The Lamaque Complex deposits are located within the prolific Val-d’Or district that hosts the historical Lamaque and Sigma Mines. Collectively, these mines produced nearly 9.5 million ounces of gold between 1937 and 2012 (source: Cowen, E.J, 2020. Miner Deposita 55, p217-240). The region is host to numerous other gold deposits or exploration stage projects that surround LaFleur Minerals’ 100%-owned Beacon Gold Mill (Figure 1). Please note that mineralization on these adjacent properties is not necessarily indicative of mineralization on the Company’s properties.

    Figure 1: Regional View of LaFleur’s Beacon Gold Mill and Swanson Gold Project

    To view an enhanced version of this graphic, please visit:
    https://images.newsfilecorp.com/files/6526/284272_8c1565e204f76b48_001full.jpg

    LaFleur Minerals: Restarting Gold Production at 100%-Owned Mill in the Valley of Gold

    LaFleur’s Minerals Beacon Gold Mill, Swanson Gold Deposit, and Beacon Tailings Pond are situated centrally within the prolific southern Abitibi Greenstone Belt. The Beacon Gold Mill, located in the heart of this mining camp, underwent more than $20 million in recent upgrades and modernization prior to its most recent gold production in 2022, when gold prices were approximately $2,000 per ounce. Today, with gold prices significantly higher, breaking above $4,900 per ounce, the Company believes that the strategic value of owning the fully permitted Beacon Gold Mill, Tailings Pond, and related infrastructure within such a prolific gold district provides a compelling foundation for near-term gold production and long-term district-scale growth.

    Beacon Mill Restart Progress

    Refurbishment and site upgrade activities are progressing well. As of today, work continues to advance steadily across critical plant systems, with several major components now refurbished or nearing operational readiness.

    Electrical upgrades and winterization improvements have largely been completed, helping ensure reliable year-round operations. On the mechanical side, numerous pumps, material handling systems, and key processing components have been inspected, repaired, and prepared for restart. Structural integrity inspections have confirmed the plant remains in good condition. Modern safety upgrades, including hydroelectric, fire protection, and enhanced security surveillance, are now in place.

    To date, approximately 30% of the total budget has been spent on the project, which remains firmly under cost control, with substantial physical progress achieved while maintaining strong financial flexibility.

    These initiatives represent important milestones as the Company prepares for re-commissioning and the mill’s restart, anchored by a vertically-integrated mine-to-mill portfolio that includes the Company’s Swanson Gold Deposit, just 60 kilometres from the Beacon Gold Mill, the Beacon Gold Mill and Tailings Pond. LaFleur Minerals’ strategy focuses on combining resource development at the Swanson Gold Deposit with the permitted Beacon Gold Mill to accelerate the pathway to production.

    Figure 2: LaFleur’s Beacon Gold Mill

    To view an enhanced version of this graphic, please visit:
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    Figure 3: Inside LaFleur’s Beacon Gold Mill

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    https://images.newsfilecorp.com/files/6526/284272_8c1565e204f76b48_003full.jpg

    Figure 4: Inside LaFleur’s Beacon Gold Mill

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    https://images.newsfilecorp.com/files/6526/284272_8c1565e204f76b48_004full.jpg

    Figure 5: Inside LaFleur’s Beacon Gold Mill, Agitator

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    https://images.newsfilecorp.com/files/6526/284272_8c1565e204f76b48_005full.jpg

    Swanson Gold Continues to Deliver Results

    Swanson Gold Deposit’s recent drill campaign has validated strong gold continuity, long mineralized intercepts including a standout intercept of 2.05 g/t Au over 158.25 metres (Hole SW-25-066), narrow high-grade results including 121.0 g/t Au over 1.1 metres and new shallow discoveries beyond the current Swanson Deposit footprint, reinforcing Swanson’s potential as a scalable, district-scale gold asset and long-term source of mill feed for the Company’s nearby Beacon Gold Mill (refer to press release dated February 4, 2026).

    Paul Ténière, Chief Executive Officer of LaFleur Minerals Inc., commented, ‘LaFleur Minerals has assembled what we believe is a technically differentiated and strategically rare asset base for a company at our stage of development. After only ~18 months of listing on the CSE, we control a district-scale exploration project at the Swanson Gold Deposit as potential primary feed source, the Beacon Tailings Pond, and fully permitted processing infrastructure, the Beacon Gold Mill. It is highly uncommon for emerging resource companies to simultaneously hold a large-scale exploration land package and access to owned milling infrastructure, particularly this early in their corporate lifecycle. LaFleur Minerals is advancing its PEA in parallel with the refurbishment of an existing processing facility, materially compressing the timeline between resource delineation and potential production. As our PEA approaches completion, targeted for March 2026, and as we prepare for pre-operational tests and system checks at the Beacon Gold Mill in the coming months, we are transitioning from pure exploration and development to gold production execution, positioning LaFleur Minerals as a near-term production story supported by tangible infrastructure and a district-scale growth platform.’

    The Company’s impending PEA will provide updated economic metrics and a development roadmap aligned with its near-term production objectives. Concurrently, mill refurbishment activities remain on schedule, positioning LaFleur for operational readiness as market conditions remain favourable. With gold prices now exceeding $4,900 per ounce, the strategic value of controlling both feed and processing capacity becomes even more significant. LaFleur Minerals’ integrated asset portfolio provides optionality, capital efficiency, and operational leverage to gold price appreciation.

    Further updates will be provided as key milestones are achieved.

    Figure 6: LaFleur’s Swanson Gold Project, Drilling

    To view an enhanced version of this graphic, please visit:
    https://images.newsfilecorp.com/files/6526/284272_8c1565e204f76b48_006full.jpg

    QUALIFIED PERSON STATEMENT AND DATA VERIFICATION

    All scientific and technical information in this news release has been prepared and approved by Louis Martin, P.Geo. (OGQ), Exploration Manager and Technical Advisor of the Company and considered a Qualified Person (QP) for the purposes of NI 43-101.

    About LaFleur Minerals Inc.

    LaFleur Minerals Inc. (CSE: LFLR,OTC:LFLRF) (OTCQB: LFLRF) (FSE: 3WK0) is focused on the development of district-scale gold projects in the Abitibi Gold Belt near Val-d’Or, Québec. The Company’s mission is to advance mining projects with a laser focus on our resource-stage Swanson Gold Project and the Beacon Gold Mill, which have significant potential to deliver long-term value. The Swanson Gold Project is approximately 18,304 hectares (183 km2) in size and includes several prospects rich in gold and critical metals previously held by Monarch Mining, Abcourt Mines, and Globex Mining. LaFleur has recently consolidated a large land package along a major structural break that hosts the Swanson, Bartec, and Jolin gold deposits and several other showings which make up the Swanson Gold Project. The Swanson Gold Project is easily accessible by road allowing direct access to several nearby gold mills, further enhancing its development potential. LaFleur Minerals’ fully-permitted and refurbished Beacon Gold Mill is capable of processing over 750 tonnes per day and is being considered for processing mineralized material from Swanson and for custom milling operations for other nearby gold projects.

    ON BEHALF OF LaFleur Minerals INC.
    Paul Ténière, M.Sc., P.Geo.
    Chief Executive Officer
    E: info@lafleurminerals.com
    LaFleur Minerals Inc.
    1500-1055 West Georgia Street
    Vancouver, BC V6E 4N7

    Website: www.lafleurminerals.com | LinkedIn | Twitter/X | Instagram

    Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this news release.

    Cautionary Statement Regarding ‘Forward-Looking’ Information

    This news release includes certain statements that may be deemed ‘forward-looking statements’. All statements in this new release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words ‘expects’, ‘plans’, ‘anticipates’, ‘believes’, ‘intends’, ‘estimates’, ‘projects’, ‘potential’ and similar expressions, or that events or conditions ‘will’, ‘would’, ‘may’, ‘could’ or ‘should’ occur. Forward-looking statements in this news release include, without limitation, statements related to the use of proceeds from the Offering. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

    To view the source version of this press release, please visit https://www.newsfilecorp.com/release/284272

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