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Freegold Provides an Update on its 2026 Plans

2026: Opportunities and Objectives 

  • Infill drilling to define higher-grade zones and improve/derisk the mineral resource
  • Additional metallurgical testing to target >90% recovery and assess cost efficiency
  • Expand on the newly discovered Tamarack Zone and adjacent higher-grade Cleary Hil resultsl
  • Updated Mineral Resource Estimate

Objective: continue to demonstrate that Golden Summit is a highly attractive, extremely rare, generational project with phased development potential.

Freegold Ventures Limited (‘Freegold’ or ‘the Company’) (TSX: FVL,OTC:FGOVF) (OTCQX: FGOVF) is pleased to provide an update on its 2026 plans for Golden Summit and a review of its 2025 activities.

In July 2025, Freegold published its updated mineral resource estimate for Golden Summit, which showed a significant increase in ounces, making it one of the largest undeveloped gold resources in North America.

  • Indicated Primary Mineral Resource: 17.2 Moz at 1.24 g/t Au, a 42% increase in ounces and 15% grade increase from the September 2024 resource estimate.
  • Inferred Primary Mineral Resource: 11.9 Moz at 1.04 g/t Au, an 11 % increase in ounces, at the same grade.
  • Cut-off grades remained unchanged at 0.50 g/t Au. (PR July 24, 2025)

In 2025, Freegold completed over 39,000 metres of drilling. The ongoing infill drill program is continuing to improve the resource block model, and results are aligning well with current geological interpretations, strengthening confidence in the resource model.

In January 2026, Freegold successfully completed a $50 million equity raise, with participation from over 20 institutions and the continued support of Eric Sprott.

With a strong treasury, Freegold is well-positioned to advance the Golden Summit project in 2026 and will focus on several key initiatives:

  • Infill drilling to define higher-grade corridors and further derisk the mineral resource.
  • Expanded metallurgical testing to optimize gold recovery and enhance project economics.
  • Evaluation of multiple development strategies, including staged development, to maximize project viability and minimize initial capital expenditures.
  • Completion of a Pre-Feasibility Study (PFS) by Early 2027

Upcoming Drilling Program & New Tamarack Discovery
Freegold continues to achieve exploration success in defining new zones of gold mineralization.  The rapid increase in the gold price by over $2,000 since the July 2025 resource update was completed is further benefiting Golden Summit’s very large lower-grade halo in the 0.3-0.5 gpT range, offering our investors considerable optionality. Given the substantial size of the existing resource at Golden Summit, current drilling efforts are focused on areas with the highest potential to serve as an initial starter pit. By systematically identifying higher-grade corridors, focusing on reducing the strip ratio, and determining the optimal cut-off grade, Freegold is continuing to ensure the project’s value is maximized. These efforts are designed to deliver a robust, de-risked mineral resource estimate that will serve as a solid foundation for the upcoming Pre-Feasibility Study (PFS).

Drilling will resume in February with a 50,000-metre program targeting the central Dolphin/Cleary/WOW Zones and the newly discovered Tamarack Zone. The Tamarack Zone extends the deposit’s footprint to the east and, likely, to the southeast, and represents a significant opportunity to materially increase the overall project resource.  The Cleary Hill Zone, located 400m west of Tamarack, is continuing to demonstrate potential for wider mineralized zones at depth and had some excellent drill intersections in 2025, including one reported on January 15th. Additional drilling in 2026 will target the untested gap, which is considered to have substantial infill potential.

Metallurgical Studies
Freegold is excited about the advanced metallurgical testwork underway, which will help identify the optimal, lowest-risk treatment methods. Metallurgy has been an area of uncertainty for investors. Our 2025 test work provided several important results: recoveries over 90% were achieved with four oxidation processes: BIOX®, POX, and the Albion Process and the GlassLock Process treating a flotation concentrate of approximately 4% mass. The flotation tailings were found to be non-acid-generating, as the material had an AP (acid potential) below the detection limit, as determined by standard ABA (Acid-Base Accounting) procedures. 

A simple, low-cost gravity step recovered 40-50% of the gold, bolstering recovery in all the flowsheets tested.  Recent results from the GlassLock Process demonstrate an enhanced gold grade in concentrate, with no measurable gold losses during processing, resulting in the production of a saleable, direct-to-smelter concentrate that avoids the use of cyanide while significantly reducing arsenic content. The concentrate would be highly attractive to numerous end users.(Source: PR, December 16th, 2025). Ongoing trade-off studies will determine whether the additional processing and capital investment required for further treatment are warranted, or whether a simpler gravity- and CIL-based flowsheet is more cost-effective despite lower recovery rates.

The expanded metallurgical program, initiated in the second quarter of 2025, sourced materials from various areas and depths to ensure a comprehensive assessment of the deposit’s characteristics. A pilot plant processed over 1.5 tonnes of composite material from expanded drill core sampling, resulting in the production of gravity and cleaner flotation concentrates. These concentrates will support ongoing test work throughout 2026 and facilitate subsequent detailed engineering studies. Furthermore, several additional metallurgical test holes with larger-diameter PQ drilling are planned to augment the current work.

A Unique Scenario – Golden Summit’s Capacity to be its own District.
There is a geological consistency between Golden Summit’s large and growing resource and its history. Since the Alaskan gold rush, over 6.75 million ounces of placer gold have been recovered from streams draining the project area, and a further 500,000 ounces of lode gold have been produced.  The current mineral resource lies within the western portion of the 13-kilometre x 6km property and, within a comparatively small 2 km by 1.5 km footprint. Significant exploration upside remains both immediately east and west of the defined resource, offering outstanding opportunities for further discoveries and resource growth. The discovery of the Tamarack Zone, announced earlier this month, was yet another reminder of this potential.

Further to the east, geochemical and geophysical surveys have identified several target areas, including significant gold-in-soil anomalies, key indicators of mineralization, and closely linked to historically productive regions. Our greatly enhanced understanding of the mineralization controls has allowed Freegold to maintain an enviably low finding cost under $5/oz. These anomalies present excellent opportunities for future discoveries – not only those that will add ounces, but also those that could boost early project economics. One drill rig will be dedicated to this eastern area over the summer, further supporting efforts to enhance shareholder and project value.

Path to Pre-Feasibility Early 2027
With drilling planned to resume in February 2026, the year is expected to be another highly active one, with the continuation of infill/condemnation and exploration drilling in conjunction with ongoing environmental baseline work to provide a strong foundation for future permitting.

Freegold has maintained a consistent commitment to environmental responsibility by conducting baseline studies over the past several years, focusing on groundwater and wetlands delineation, and by ongoing reclamation of drill pads and project roads post-use to minimize environmental impact.  

In 2025, Freegold broadened its scope to include field assessments of cultural resources, archaeology, and paleontology, further demonstrating its commitment to responsible project development. As part of its 2025 environmental initiatives, Freegold installed vibrating wire piezometers (VWP’s) to enable ongoing groundwater monitoring, which is vital for future dewatering strategies. Additionally, mammal habitat assessments were initiated during the winter, with plans to expand them in upcoming seasons to promote a comprehensive wildlife management approach. Efforts are also underway to electrify the Golden Summit camp as part of Freegold’s strategy to reduce diesel consumption, with completion anticipated in early spring. As part of its pre-feasibility study (PFS), Freegold has engaged a power consultant to evaluate the local power infrastructure and investigate alternative energy sources to enhance long-term sustainability.

As Golden Summit continues to evolve, its exceptional optionality becomes more evident: its location, resource size, and, with the success of the ongoing metallurgical test work, the potential for multiple development paths, which will be evaluated to ensure the most optimal outcome for the pre-feasibility study (PFS).

2025 Drill Results
Drilling was completed in mid-December, with 63 holes drilled. Analytical work, including cutting and sampling of the remaining drill holes, is ongoing and will provide news flow in the early months of 2026 while our 2026 drill program ramps up. Further results will be reported once they have been received and validated.

Upcoming Conference Attendance: January – March 2026
AMEBC Round Up, Vancouver, BC, January 26th – 29th, 2025 (Booth 127 January 26th – 27th, 2026)

BMO 35th Global Metals, Mining & Critical Minerals Conference, Hollywood Florida February 22nd, -26th, 2026

Prospectors and Developers. (PDAC), Toronto, Ontario – March 1st – 4th, 2026 – Booth 2621 (Main Exhibit Hall)

About Golden Summit
Since 2020, the Golden Summit Project has become one of North America’s largest undeveloped gold resources. The substantial increase in resource ounces and grade is attributed to targeted drilling campaigns between 2020 and 2024 (totalling over 130,000 metres), ongoing improvements to geological models, and enhanced understanding of mineralisation controls. Positive metallurgical test results have also propelled the project forward. Continued drilling has delineated higher-grade zones and converted previously considered waste areas into potentially economically viable mineralised zones.

Recovery rates exceeding 90% have been achieved using sulphide-oxidising techniques such as BIOX®, POX, and the Albion Process. Recent testwork also included the GlassLock Process, which demonstrated that the gold grade of the concentrate can be increased without measurable gold loss, producing a direct-to-smelter saleable concentrate with significantly reduced arsenic content.

As of July 2025, the Golden Summit resource includes an Indicated Primary Mineral Resource of 17.2 million ounces at 1.24 g/t Au and an Inferred Primary Mineral Resource of 11.9 million ounces at 1.04 g/t Au, calculated using a 0.5 g/t cut-off grade and a gold price of $2,490. Cutting, sampling, and analytical work are ongoing, with drilling expected to resume in February. Results from the 2025/2026 drilling campaign will provide the basis for an updated mineral resource estimate, which will support the upcoming Pre-Feasibility Study (PFS).

Qualified Person Statement
The Qualified Person for this release is Alvin Jackson, P.Geo., Vice President of Exploration and Development for Freegold, who has approved the scientific and technical disclosure in this news release.

About Freegold Ventures Limited
Freegold is a TSX-listed company focused on exploration in Alaska.

Cautionary Statement Regarding Forward-Looking Information
This press release contains statements that constitute ‘forward-looking information’ (collectively, ‘forward-looking statements‘) within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this press release. Any statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as ‘expects’, or ‘does not expect’, ‘is expected’, ‘anticipates’ or ‘does not anticipate’, ‘plans’, ‘budget’, ‘scheduled’, ‘forecasts’, ‘estimates’, ‘believes’ or ‘intends’ or variations of such words and phrases or stating that certain actions, events or results ‘may’ or ‘could’, ‘would’, ‘might’ or ‘will’ be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. Forward-looking statements contained in this press release, include, without limitation, statements regarding advancing the Golden Summit Project and other exploration plans and results of any drill programs, statements regarding the timing for and expected completion of a pre-feasibility study, the results of any environmental initiatives or metallurgical testing and any development, or drilling. In making the forward-looking statements contained in this press release, the Company has made certain assumptions. Although the Company believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurance that the expectations of any forward-looking statements will prove to be correct. Known and unknown risks, uncertainties, and other factors may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: availability of financing; delay or failure to receive required permits or regulatory approvals; and general business, economic, competitive, political and social uncertainties. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this press release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise. See Freegold’s Annual Information Form for the year ended December 31, 2024, filed under Freegold’s profile at www.sedarplus.com, for a detailed discussion of the risk factors associated with Freegold’s operations.

SOURCE Freegold Ventures Limited

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/January2026/23/c5061.html

News Provided by Canada Newswire via QuoteMedia

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SCOOP: White House backs impeaching ‘rogue’ judges accused of partisan rulings

The White House fully supports efforts on Capitol Hill to impeach federal judges who have gone ‘totally rogue’ with partisan rulings, Fox News Digital learned. 

A White House official told Fox News Digital that the administration is closely tracking the Senate Judiciary Committee’s impeachment inquiry involving U.S. District Judges James Boasberg, of the U.S. District Court for the District of Columbia, and Deborah Boardman, of the U.S. District Court in Maryland, as Republican lawmakers openly discuss impeaching what they describe as ‘activist’ judges.

‘Left-wing, activist judges have gone totally rogue,’ a White House official told Fox News Digital. ‘They’re undermining the rule of law in service of their own radical agenda. It needs to stop. And the White House fully embraces impeachment efforts.’

The White House official continued that President Donald Trump must be able to ‘lawfully implement the agenda the American people elected him on,’ arguing that judges who repeatedly issue partisan rulings have abused their offices and forfeited their claim to impartiality.

Federal judges can be impeached when the House approves articles alleging misconduct or abuse of office, with removal certified after the Senate convicts by a two-thirds vote. 

Boasberg has become a prime target for Republicans over a string of rulings tied to Trump-era immigration policies — including cases involving the transfer of migrants to El Salvador and other countries rather than holding them in U.S. detention.

More recently, he’s drawn fresh GOP backlash after reports surfaced that he approved warrants in former special counsel Jack Smith’s ‘Arctic Frost’ probe that enabled investigators to seize phone records connected to some Republican lawmakers.

He first faced articles of impeachment in March 2025 for preventing the administration from deporting some illegal migrants under the Alien Enemies Act, and again in November over the Arctic Frost decision. 

A White House official told Fox Digital that Boasberg has a history of issuing ‘plainly illegal’ while pointing to the warrants and subpoenas he authorized in the Arctic Frost investigation.

Boardman faces impeachment calls over her sentencing decision for a man found guilty of charges related to trying to assassinate Supreme Court Justice Brett Kavanaugh. The man was sentenced to eight years when the recommended term was 30 years. 

Sen. Ted Cruz, R-Texas, is among Republican lawmakers calling for Boasberg and Boardman to be impeached. He argued that they ‘meet the constitutional standard for impeachment’ during a Senate Judiciary subcommittee hearing earlier in January, calling both ‘rogue judges.’ 

The White House argued that federal judges who develop a record of issuing rogue, plainly unlawful rulings to advance or undermine a political party forfeit their impartiality, abuse their authority and warrant impeachment.

Both judges have avoided commenting publicly on impeachment talk, declining a Senate invitation to testify Jan. 7. 

Speaker of the House Mike Johnson also threw his support behind impeaching ‘rogue’ judges Wednesday. 

‘I think some of these judges have gotten so far outside the bounds of where they’re supposed to operate,’ Johnson said during a weekly press conference. ‘It would not be, in my view, a bad thing for Congress to lay down the law.’ 

The remarks are a departure from his comments in 2025, when he said impeachment was not a practical tool against judges seen as activists working against the Trump administration. 

‘Look, impeachments are never off the table if it’s merited. But in our system — we’ve had 15 federal judges impeached in the entire history of the country — I mean, there may be some that I feel merit that, but you’ve got to get the votes for it. And it’s a very high burden,’ Johnson said in May 2025.

‘Frankly, the bar is high crimes and misdemeanors. I mean, the last federal judge impeached, I think was caught … taking cash in an envelope. You know, it’s got to be a pretty brazen offense or a real open crime that everybody could agree to.’

Democrats have pushed against Republican calls for impeachment, including Senate Judiciary Committee member Sheldon Whitehouse responding to Cruz’s comments on potentially impeaching the judges in a letter to Johnson Wednesday. 

‘The pattern is clear: judges rule against the Administration; the President or his allies attack and spread misinformation; judges and their families receive threats, ‘swatting’ attempts, and threatening stunts like pizzas in the name of a federal judge’s murdered son.  DOJ has repeatedly refused to assure us that they are investigating the pattern of threats for possible orchestration. Baseless calls for impeachment in this threat environment only add to the dangers facing these judges and their loved ones,’ Whitehouse wrote in his letter to Johnson. 

This post appeared first on FOX NEWS

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Pro-life organization calls on HHS and FDA to suspend abortion pill approval, tighten safety rules

Live Action, a pro-life organization, is demanding that the Trump administration take action on the distribution of and reporting on mifepristone, often colloquially called ‘the abortion pill.’ 

The group is holding a press conference on Capitol Hill on Thursday to discuss concerns surrounding the abortion drug, as well as a new investigative video from Live Action that the group says documents ‘the dangerous real-world distribution of this drug by Planned Parenthood and affiliated providers.’ The group alleges ‘reckless distribution’ practices and argues the adverse effects of the drug are not being documented properly, if at all.

In a letter to Health and Human Services (HHS) Secretary Robert F. Kennedy Jr. and U.S. Food and Drug Administration (FDA) Commissioner Dr. Marty Makary, Live Action said it aims to show ‘clear evidence of regulatory noncompliance and patient harm’ and to issue a call for immediate action from HHS and the FDA.

The letter urges HHS and the FDA to suspend the approval of mifepristone, prohibit the distribution of abortion pills through mail-order services and telehealth, reinstate comprehensive adverse-event reporting requirements, and release a full public accounting of the scientific and clinical evidence used to expand access to the drug.

‘For more than two decades, mifepristone has remained on the market under an approval process that was politically accelerated, shielded from transparency, and repeatedly expanded without regard for patient safety, adverse event reporting, or statutory compliance,’ the letter, signed by Lila Rose, Live Action founder and president, reads.

The FDA currently allows mifepristone to be prescribed via telehealth appointments and distributed by mail under its risk evaluation and mitigation strategy (REMS) program. The FDA advises against buying mifepristone online outside its REMS program, warning that those who do ‘would be bypassing important safeguards specifically designed to protect their health.’

The letter also references an April 2025 report issued by the Ethics & Public Policy Center (EPPC). The report claims that nearly 11% of women experience adverse side effects within 45 days of taking mifepristone, including sepsis, infection and hemorrhaging.

‘The real-world rate of serious adverse events following mifepristone abortions is at least 22 times as high as the summary figure of ‘less than 0.5 percent’ in clinical trials reported on the drug label,’ the EPPC report summary states.

Live Action also put out a video purportedly showing real calls with 27 Planned Parenthood locations across the U.S. In the video, a woman speaks with various Planned Parenthood locations about obtaining the abortion pill. The video appears to feature Planned Parenthood facilities in Alaska, Colorado, Kansas, Oregon, Minnesota, New Mexico and New York, with some states appearing multiple times.

The first section shows the woman asking whether the clinics need to see ultrasounds before prescribing the pill in order to assess the gestational age of the fetus. Many of those answering the phones at the Planned Parenthood locations said women could obtain the pill without an ultrasound through a telehealth appointment.

In the second section, the woman who called was told that Planned Parenthood would not test for Rhesus (Rh) incompatibility. Rh is a protein that some people carry in their blood, and it can cause issues in future pregnancies. 

A form from Planned Parenthood of Greater New York dated March 2020 states that, ‘There is a chance you might make Rh antibodies and have problems with future pregnancies. Research has not proved this.’

Live Action’s video also purportedly showed that those who answered the phone at multiple Planned Parenthood locations assured the women that they did not need to give their medical history or attend an in-person follow-up.

It was unclear if the individuals who spoke with the woman had medical training. One suggested that the woman speak to a medical professional to get more accurate information on specific questions.

Those who answered the phone for clinics in multiple states also said the caller would be able to have the pills sent to another person’s house. When asked whether the pills needed to be taken right away, most said they did not, with many assuring the woman calling that she could change her mind or wait to make a decision. However, the person on the phone at one clinic said that the woman had until 12 weeks to take the pill and advised that it would not be effective after that time.

Live Action released its letter and accompanying video ahead of the annual March for Life, which is scheduled for Jan. 23. Vice President JD Vance, who recently announced that he and his wife, Usha, are expecting their fourth child, is slated to speak at the march, as he did in 2025. Other speakers include House Speaker Mike Johnson, R-La., and Rep. Chris Smith, R-N.J.

In a statement to Fox News Digital, Planned Parenthood said its health centers that offer medication abortion ‘follow all applicable laws and regulations and always ensure care provided reflects the latest credible research and upholds the highest standard of patient care.’ 

‘In accordance with Planned Parenthood Federation of America’s medical standards and guidelines — which are developed and updated with medical experts across the field of sexual and reproductive health care using rigorous scientific evidence — providers at Planned Parenthood health centers explain the associated risks and benefits to patients seeking medication abortion, just as they do with every health care service provided,’ Danika Severino, Planned Parenthood vice president of care and access, said in a statement.

‘Mifepristone is safe, legal, and has been used by more than 7.5 million people for abortion and miscarriage care since its approval by the U.S. Food and Drug Administration (FDA) 25 years ago,’ Severino added. ‘Despite 25 years of data and more than 100 peer-reviewed studies proving mifepristone is extremely safe and effective, anti-abortion activists continue to spread disinformation to advance their harmful political agenda.’  

Fox News Digital also reached out to HHS and the FDA for comment.

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State Dept moves to expand Mexico City Policy, targeting abortion, DEI and gender ideology in foreign aid

The State Department is finalizing an expansion of the Mexico City Policy Friday that will bar U.S. foreign assistance from subsidizing abortion and, in a major broadening, from supporting what the administration calls gender and diversity, equity and inclusion (DEI) programs, Fox News Digital learned Thursday.

The Mexico City Policy is a Reagan-era U.S. rule that conditions foreign aid on recipient groups certifying they will not provide or promote abortion as a method of family planning. Former President Ronald Reagan first rolled the policy out in 1984 at a United Nations population conference to prevent U.S. foreign aid from being used to promote abortion in other nations. 

The State Department Friday is expected to finalize three rules to expand the Mexico City Policy to protect foreign assistance from subsidizing not only abortion as a method of family planning, but also gender ideology, equity and DEI ideology and abortion as a method of family planning, Fox News Digital learned. 

Under previous iterations of the Mexico City Policy, U.S. funding was barred from supporting organizations that provide or promote abortion as a method of family planning. During President Donald Trump’s first term, the policy was expanded to cover roughly $8 billion in global health assistance. 

The newly finalized rules go further, and cover all nonmilitary foreign assistance to the tune of more than $30 billion. 

Foreign nongovernmental organizations (NGOs) and international organizations receiving U.S. assistance will be required to certify that they do not provide or promote abortion as a method of family planning, promote gender ideology, promote discriminatory equity ideology, or engage in unlawful diversity, equity and inclusion–related discrimination, according to the policy framework. 

U.S.-based NGOs operating overseas will face similar certification requirements, Fox Digital learned. 

Democrat presidents typically rescind the rule, such as former President Joe Biden’s days after taking office in 2021, with Republican presidents typically reinstating the rule, as did Trump in January 2025. 

‘These excessive conditions on foreign and development assistance undermine the United States’ efforts to advance gender equality globally by restricting our ability to support women’s health and programs that prevent and respond to gender-based violence,’ Biden said in 2021 when defending rescinding the rule after the first Trump administration wrapped up. 

The Mexico City Policy got its name due to Reagan first unveiling the policy at a U.N. conference that was held in Mexico City in 1984. The rule later became known as the ‘global gag rule’ because it conditioned U.S. aid on groups that agreed not to provide or promote abortion as family planning, which opponents argued effectively ‘gags’ their speech and advocacy overseas.

The expected new rules come as the annual March for Life will be held in Washington, D.C., Friday, which attracts thousands of pro-lifers in the cold winter months to march through the streets of the nation’s capital to champion protecting the unborn. Vice President JD Vance is slated to join the pro-lifers and deliver remarks. 

Trump repeatedly has touted the policy, saying in 2017 that his first administration was working ‘to protect the unborn’ by reinstating the Mexico City Policy. The addition of gender and DEI ideology to the framework follows the Trump administration’s year of work to roll back what it describes as the use of federal policy and funding to advance progressive social ideology.

‘We’ve ended the tyranny of so-called diversity, equity and inclusion policies all across the entire federal government,’ Trump celebrated back in March 2025. ‘Our country will be woke no longer.’

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‘Bond villain’: Newsom roasted as photo of him posing with ‘sugar daddy’ Alex Soros goes viral

California Gov. Gavin Newsom and the Trump administration have been at each other’s throats on the sidelines of the World Economic Forum in Davos this week, during which Newsom was mocked for cozying up to ‘billionaire sugar daddy’ Alex Soros after the California governor accused world leaders of kowtowing to President Donald Trump. 

Newsom attended the conference this week and slammed foreign world leaders for ‘rolling over’ when confronted by President Donald Trump, but Newsom was criticized himself this week for cozying up to Alexander Soros, the son of billionaire philanthropist George Soros, while in Davos. 

‘Governor Newsom, who strikes me as Patrick Bateman meets Sparkle Beach Ken, may be the only Californian who knows less about economics than Kamala Harris. He’s here this week with his billionaire sugar daddy, Alex Soros, and Davos is the perfect place for a man who, when everyone else was on lockdown, when he was having people arrested for going to church, he was having $1,000 a night meals at the French Laundry,’ Treasury Secretary Scott Bessent said during a press conference Wednesday at the USA House in Davos. ‘And I’m sure the California people won’t forget that.’

Bessent’s comments came after Newsom lamented to a reporter earlier in the week that ‘people are rolling over’ to Trump, adding he ‘should have brought a bunch of kneepads for all the world leaders’ at the conference. 

But, a subsequent photo posted online by the younger Soros with Newsom at the sidelines of the World Economic Forum this week, praising the California governor’s rebuke of those bending a knee to the Trump administration in Davos, went viral among critics who, like Bessent, accused Newsom of cozying up to Soros.

‘Great catching up with the real star of the 2026 World Economic Forum, my friend Gavin Newsom,’ the young Soros captioned his photo with the California governor. ‘So glad he’s here calling out world leaders for believing appeasement works when it comes to Trump. It doesn’t. It only emboldens him to become more chaotic and destructive. World leaders could take a page out of Newsom’s book. It’s time to stand tall, stand firm, and stand united — before it’s too late.’

In response, Sen. Ted Cruz, R-Texas, posted an AI-generated version of the same photo Soros posted to his social media, but juxtaposed Newsom into a NASCAR uniform with sponsorship logos reading ‘Soros’ and ‘CCP’ strewn across it.

‘Fixed it for you,’ the Texas senator captioned his photo. 

‘Gavin Newscum auditioning to be Alex Soros’ next sugar baby is a waste of time – all the money in the world could not make Newscum’s pitiful presidential dreams come true,’ White House spokeswoman Taylor Rogers said. 

‘Someone confiscate Alex Soros’ Instagram account,’ Tim Miller, ‘Bulwark Podcast’ host and MSNBC analyst wrote in response to Newsom and Soros showing off their friendship in Davos.

‘Tells you all you need to know about Gavin Newsom’s true allegiance’ said London Center for Policy Research President and former Army intel official Lt. Col. (retired) Tony Shaffer. ‘Indeed – Newsom is the Soviet star in the Marxist globalists vision to return the world to Futile Mercantilism.’

‘Hey, you found a billionaire I want to tax,’ quipped California Post opinion editor Joel Pollak, while advisor to Sen. Tim Scott, R-S.C., Nathan Brand, noted how Newsom ‘already looks like a Bond villain, and posing with Soros at the World Economic Forum in Davos doesn’t help.’

On Wednesday, Newsom accused the Trump administration of blocking him from speaking at the USA House in Davos. 

When reached for comment, the White House neither confirmed nor denied the allegations. ‘No one in Davos knows who third-rate governor Newscum is or why he is frolicking around Switzerland instead of fixing the many problems he created in California,’ White House spokesperson Anna Kelly added when asked about the claims from Newsom.    

Soros, who has donated roughly $70,000 to Newsom’s political ambitions, has a history of posting and praising Newsom on social media.

‘Great to see the inspiring Gavin Newsom, a force who’s unafraid to push back against this Administration’s threats to our democracy and constitutional rights,’ Soros wrote in September on social media along with a photo of himself and Newsom at an event for the Clinton Global Initiative. The pair also met there and took a photo together in 2023.

 

‘Great to see CA Governor Gavin Newsom in New York for the #ClimateSummit,’ Soros says in another post from 2019 including a photo with Newsom. ‘He is doing a phenomenal job reducing carbon emissions in California!’

Fox News Digital reached out to Newsom’s office, but did not receive a response.

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Denmark’s prime minister insists sovereignty is non-negotiable as Trump announces Greenland deal ‘framework’

Danish Prime Minister Mette Frederiksen is insisting that Denmark will not negotiate on its sovereignty of Greenland despite President Donald Trump announcing a ‘framework’ of a deal for the U.S. to purchase the Arctic territory has been reached.

In a statement, she indicated that the nation is open to discussions with allies as long as the engagement respects Denmark’s ‘territorial integrity.’

‘Security in the Arctic is a matter for the entire NATO alliance. Therefore, it is good and natural that it is also discussed between NATO’s Secretary General and the President of the United States. The Kingdom of Denmark has long worked for NATO to increase its engagement in the Arctic,’ Frederiksen noted in the statement, which was written in Danish.

‘We have been in close dialogue with NATO and I have spoken to NATO Secretary General Mark Rutte on an ongoing basis, including both before and after his meeting with President Trump in Davos. NATO is fully aware of the position of the Kingdom of Denmark. We can negotiate on everything political; security, investments, economy. But we cannot negotiate on our sovereignty,’ she asserted. 

The Danish prime minister noted that ‘only Denmark and Greenland themselves can make decisions on issues concerning Denmark and Greenland. The Kingdom of Denmark wishes to continue to engage in a constructive dialogue with allies on how we can strengthen security in the Arctic, including the US’s Golden Dome, provided that this is done with respect for our territorial integrity.’

Her comments come after Trump announced on Truth Social that, ‘Based upon a very productive meeting that I have had with the Secretary General of NATO, Mark Rutte, we have formed the framework of a future deal with respect to Greenland and, in fact, the entire Arctic Region.’

‘This solution, if consummated, will be a great one for the United States of America, and all NATO Nations,’ Trump wrote in the post. ‘Based upon this understanding, I will not be imposing the Tariffs that were scheduled to go into effect on February 1st. Additional discussions are being held concerning The Golden Dome as it pertains to Greenland.’

During a speech at the World Economic Forum annual meeting in Switzerland on Thursday, Trump seemed to indicate that he would not use force to seize Greenland.

While discussing NATO, he said, ‘We probably won’t get anything unless I decide to use excessive strength and force, where we would be frankly unstoppable. But, I won’t do that.’

‘I won’t use force. All the United States is asking for is a place called Greenland,’ Trump said.

In a post on X, Denmark’s Foreign Minister Lars Løkke Rasmussen, said, ‘We welcome that POTUS has ruled out to take Greenland by force and paused the trade war. Now, let’s sit down and find out how we can address the American security concerns in the Arctic while respecting the red lines of the KoD.’

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Syntholene Energy

Investor Insight

Syntholene offers investors exposure to a first‑of‑its‑kind, publicly traded pure‑play synthetic fuel company positioned to disrupt a multi‑trillion‑dollar liquid fuels market with a scalable pathway to cost‑competitive, carbon‑negative aviation fuel.

Overview

Syntholene Energy (TSXV:ESAF,FSE:3DD0) is a next-generation clean energy company focused on producing high-performance, carbon-negative, low-cost synthetic liquid fuels, with aviation as its initial target market. Syntholene is actively commercializing its novel Hybrid Thermal Production System for low-cost clean fuel synthesis. The target output is ultrapure synthetic jet fuel (eSAF), manufactured at 70 percent lower cost than the nearest competing technology today. The company’s mission is to deliver the world’s first truly high-performance, low-cost, and carbon-neutral eFuel at an industrial scale, unlocking the potential to produce clean synthetic fuel at lower cost than fossil fuels, for the first time.

Synthetic fuels offer a drop-in solution for the aviation industry seeking to reduce emissions without modifying aircraft or infrastructure, addressing one of the most pressing challenges in global decarbonization.

The company is operating against the backdrop of a large and rapidly expanding aviation fuel market. The global aviation fuel market was valued at approximately US$391 billion in 2023 and is projected to grow to nearly US$820 billion by 2032, while the sustainable aviation fuel segment is expected to expand from just over US$2 billion in 2025 to more than US$25 billion by 2030. This growth is being driven by regulatory mandates, airline decarbonization commitments, and limited near-term alternatives for long-haul flight, making aviation one of the most attractive early markets for synthetic fuels.

Beyond aviation, the global eFuel market is projected to grow rapidly over the coming decade, from US$8.89 billion in 2024 to more than US$215 billion by 2032, supported by increasing demand for low-emissions liquid fuels across shipping, industrial energy, and other hard-to-electrify applications that rely on existing combustion infrastructure. While aviation is Syntholene’s initial commercial focus, the company’s synthetic fuel platform is designed for application across a wide range of liquid fuel markets, allowing it to leverage a substantially larger total addressable market over time. These dynamics create a multi-layered growth opportunity, with aviation serving as a high-value entry point into a much broader global eFuel market.

Syntholene is progressing its Hybrid Thermal Production System from laboratory-scale validation toward a real-world demonstration facility in Iceland, leveraging abundant geothermal resources and long-term expansion potential.

The company’s leadership team brings experience across advanced energy, large-scale industrial deployment, and climate-tech commercialization, positioning the company to scale modular production facilities globally as regulatory and market demand intensifies.

Key Solution

Syntholene’s core offering is synthetic fuel (eFuel) produced through a proprietary, integrated production pathway designed to deliver high performance at materially lower cost than conventional power-to-liquid approaches. Synthetic aviation fuels are produced from renewable electricity, green hydrogen and captured carbon, and can deliver up to 90 percent lower lifecycle emissions while remaining fully compatible with existing aircraft and fueling infrastructure.

Syntholene’s Thermal Hybrid Production System integrates high-temperature solid oxide electrolysis with industrially proven fuel synthesis reactors. By introducing low-cost thermal energy at critical stages of the process, the system significantly reduces electricity consumption, which is the primary cost driver for most eFuel producers. This approach underpins the company’s targeted 70 percent cost advantage versus competing technologies and supports a credible pathway toward cost parity — and potentially superiority — relative to fossil fuels at scale.

From a market perspective, the company is targeting a sector supported by strong regulatory tailwinds. In Europe, the ReFuelEU Aviation Regulation mandates rising sustainable aviation fuel blending requirements beginning in 2025 and increasing through 2050, while complementary subsidies of up to €6 per liter further incentivize adoption.

Syntholene’s development plans are centered on delivering a demonstration facility by the end of 2026, followed by commercial facilities capable of scaling from tens to hundreds of megawatts as demand accelerates. Over time, Syntholene aims to evolve from carbon‑neutral fuel production to carbon‑negative fuels, actively removing more CO₂ from the atmosphere than is emitted when the fuel is consumed.

Management Team

Dan Sutton – Chief Executive Officer

Dan Sutton has spent the last 15 years as a founder and executive leader in sustainable infrastructure deployment and operations. He was the founder and CEO of Tantalus Labs, where he and his team designed, built and operated its first-of-a-kind production facility SUNLAB, reducing energy demand by 90 percent per square foot relative to historic incumbents. He scaled his team to 150 employees, grew revenue from 0 to $20 million annually, and delivered leading revenue-per-employee sector-wide. Sutton has a strong track record in executive leadership, government relations, public relations and project management. He prides himself on building cultures that foster intellect, drive and relentless resourcefulness.

Steve Oldham – Director

Steve Oldham is a globally recognized leader in carbon management and climate‑tech commercialization. He is the former CEO of Carbon Engineering, where he helped establish direct air capture as a viable industry and led the company through its sale to Occidental Petroleum at a $1.6 billion valuation. He is also CEO of Captura and brings decades of experience scaling complex, capital‑intensive clean energy technologies.

Canon Bryan – Director

Canon Bryan is a founder and company builder with more than 25 years of experience in advanced energy and resource companies. He co-founded Terrestrial Energy (developer of Generation IV nuclear power), Uranium Energy (NYSE:UEC), and NioCorp (NASDAQ:NB), and has contracted with public and private companies across finance, accounting, planning and corporate development. Bryan’s background spans full-cycle accounting, economic modelling and strategic leadership in complex industrial sectors.

John Kutsch – Chief Engineer

As Syntholene’s chief engineer, John Kutsch leads the integration of multiple discrete systems into a unified, optimized and scalable infrastructure for economic and rapid construction and operation. He brings over 30 years of experience in systems design and implementation across large industrial companies, including work on energy, chemical processing and advanced reactor designs.

Jack Williams – Head Engineer

Jack Williams is head engineer at Syntholene. He has seven years of experience in high-temperature and pressure reactors, pilot-scale rig design and execution. As a research fellow at the University of Cambridge and IChemE, his work focused on reactor design for synthetic fuel production and CO₂ capture, including developing groundbreaking electrolysis and catalytic reactor technologies.

Grant Tanaka – Chief Financial Officer

Grant Tanaka is Syntholene’s CFO with more than 15 years of senior financial leadership experience across the global natural resources sector. His experience includes directing finance operations for major mining companies and holding senior finance roles at Teck Resources, New Gold and Copper Mountain Mining. Tanaka combines financial discipline with operational performance management and holds a Bachelor of Business Administration. He is also a chartered professional accountant.

Anna Pagliaro – Director

Anna Pagliaro is a senior commercial and risk management executive with extensive experience in the energy and mining sectors. She currently serves as director, commercial and risk at Vizsla Silver, leading strategic negotiations, risk mitigation and governance for complex international projects. Pagliaro’s prior roles include leadership positions at Ausenco, NexGen Energy and Integra Gold, and she holds legal and business credentials that support strategic value creation and operational excellence.

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Crypto Market Update: Crypto Czar says Banks and Crypto Companies Will Merge

Here’s a quick recap of the crypto landscape for Wednesday (January 21) 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 and Ether price update

Bitcoin (BTC) was priced at US$90,066.08, up by 0.6 percent over 24 hours.

Bitcoin price performance, January 21, 2025.

Chart via TradingView

After yesterday’s sell-off, BTC’s price rose after US President Donald Trump’s speech at Davos, where he said he expects to sign the crypto market structure bill “very soon.”

During his address, Trump also said he supported the GENIUS Act, which he signed into July 2025 because it was “politically popular,” adding, “much more importantly, we have to make it so that China doesn’t get hold of it…once they have that hold, we’re not going to be able to get it back.”

BTC experienced a volatile trading day, coming close to US$90,300 before dropping to US$87,304, followed by another rise towards US$90K.

In an email, Samer Hasn, a senior market analyst at XS.com, maintains that the current BTC market correction is being driven by a combination of escalating geopolitical risks, including President Trump’s ultimatum regarding the annexation of Greenland and Middle East tensions, as well as tightening global liquidity, highlighted by record-high Japanese government bond yields.

‘The institutional appetite for digital assets is also showing signs of fatigue, with US spot Bitcoin ETFs reversing course to post nearly US$500 million in outflows over just two sessions,’ he wrote.

‘This erratic on-off flow suggests that the record inflows seen last week were driven by speculative hot money rather than the solid, long-term accumulation required to sustain a bull market.’

Ether (ETH) was priced at US$3,026.90, up by 0.9 percent over the last 24 hours.

Altcoin price update

  • XRP (XRP) was priced at US$1.97, up by 3.3 percent over 24 hours.
  • Solana (SOL) was trading at US$130.88, up by 2.5 percent over 24 hours.

Today’s crypto news to know

Steak ‘n Shake announces BTC bonus for hourly employees

Steak ’n Shake is launching a BTC bonus program for all hourly employees, offering US$0.21 worth of BTC per hour.

Announced today via X, the rewards will be subject to a two-year vesting period. The initiative expands the chain’s partnership with Fold, following a 2025 pilot program. This move reinforces Steak ’n Shake’s aggressive BTC strategy, which includes accepting BTC payments and a recent US$10 million BTC purchase to be added to its corporate BTC reserve.

Galaxy to launch US$100 million crypto hedge fund

Cryptocurrency group Galaxy Digital (NASDAQ:GLXY) is reportedly planning to launch a US$100 million hedge fund, according to a report today from the Financial Times, which cited people familiar with the matter and internal sources close to the firm.

The fund is set to launch in Q1 of this year, with up to 30 percent of its assets invested in crypto tokens and the rest in financial services stocks impacted by changes in digital asset technologies and laws.

Crypto czar says banks and crypto companies will merge

During an interview with CNBC’s Squawk Box, White House AI and crypto czar David Sacks, joined by Michael Kratsios, the White House Office of Science and Technology Policy director, said that banks and crypto companies will eventually merge into one digital asset industry once the market structure bill passes through Congress.

‘After the bill passes, the banks are going to get fully into the crypto industry. So we’re not going to have a separate banking industry and crypto, it’s going to be one digital asset industry. Over time, the banks like the idea of paying yield because they’re going to be in the stablecoin business,’ he said from Davos.

Bitget: Macro reset reframes Bitcoin’s role as risk appetite cools

Crypto markets are entering 2026 under a markedly different macro backdrop, as geopolitical tensions, trade disputes, and shifting rate expectations force investors to reassess risk.

According to Bitget CMO Ignacio Aguirre, capital is rotating back toward traditional safe havens, with gold reclaiming its defensive role while Bitcoin trades more like a risk asset amid tighter liquidity.

The roughly US$1.3 trillion erased from US equities underscores a broader repricing rather than a market anomaly, reflecting how policy uncertainty typically drives investors to pull back first before selectively re-entering.

Aguirre notes that similar patterns played out during the 2008 financial crisis and the 2022 crypto downturn, where sharp contractions ultimately set the stage for renewed growth.

In the near term, Bitcoin could face additional pressure and test lower support levels before finding stability.

Longer term, however, structural factors such as improving infrastructure and institutional participation continue to support a bullish thesis. The adjustment, Aguirre argues, is part of crypto’s maturation rather than a rejection of its long-term value.

DeFi groups push Back on FTC’s approach to non-custodial systems

Major crypto policy groups are urging the US Federal Trade Commission to rethink how it applies consumer protection rules to decentralized finance.

In a joint letter, industry organizations including the Crypto Council for Innovation and the Blockchain Association warned that enforcement models designed for custodial finance do not translate cleanly to non-custodial systems.

They argue that imposing centralized safeguards such as kill switches or circuit breakers could weaken, rather than enhance, security by undermining decentralization.

The groups further emphasized that developers who do not control user funds should not be treated as financial intermediaries. Overly prescriptive standards, they said, risk stifling innovation and driving responsible development outside the United States.

The appeal comes as Congress debates broader crypto legislation, raising concerns that regulatory overlap could create confusion.

Trump signals imminent signing of Crypto market structure bill

President Donald Trump said he expects to sign a long-awaited crypto market structure bill “very soon,” injecting fresh momentum into legislation that has faced recent turbulence in Congress.

Speaking at the World Economic Forum in Davos, Trump framed the bill as a step toward expanding financial access, explicitly referencing Bitcoin and digital assets more broadly.

His remarks followed a contentious week on Capitol Hill after a planned Senate Banking Committee vote was abruptly pulled. That setback was triggered when Coinbase withdrew its support over concerns about provisions affecting stablecoin yield products.

White House officials have since signaled impatience with industry infighting that could derail passage.

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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Rio Silver Expands Capital Markets Access with U.S. OTC Application and Investor Outreach at VRIC 2026

Rio Silver Inc. (‘Rio Silver’ or the ‘Company’) (TSX-V: RYO | OTC: RYOOF) is pleased to announce that it has submitted an application to trade on the U.S. OTCID market, a strategic step designed to broaden investor access and enhance visibility within the world’s largest capital market.

In parallel, the Company confirms it will be attending the Vancouver Resource Investment Conference (VRIC) 2026, taking place January 25–26, 2026, from 8:30 a.m. to 6:00 p.m., at the Vancouver Convention Centre. Rio Silver welcomes current and prospective investors to visit the Company at Booth 829.

Opening Access to the World’s Largest Capital Market

The Company’s application to trade on the U.S. OTCID market is intended to make Rio Silver’s shares more easily accessible to U.S. investors through a transparent U.S. trading venue, improving trading efficiency and expanding exposure to a broader institutional and retail audience. Upon approval, Rio Silver expects enhanced visibility among U.S.-based investors seeking direct exposure to silver-dominant exploration and development stories.

This initiative aligns with the Company’s ongoing efforts to strengthen market awareness and investor engagement as it advances its silver assets in Peru through permitting, access, and execution-focused milestones, while establishing a U.S. market presence that supports broader participation in the Company’s growth.

Management Commentary

‘Opening access to the U.S. capital markets is a meaningful step in the evolution of Rio Silver,’ said Chris Verrico, President and Chief Executive Officer of Rio Silver. ‘The United States represents the largest and deepest pool of capital globally, and this application is about making it easier for investors to participate in our story as we progress. With visible silver mineralization, a clear regulatory pathway, and a disciplined, capital-efficient strategy, we believe increased accessibility and engagement will be an important catalyst as we move into the next phase of growth. We look forward to welcoming global investors to meet our team and learn more about Rio Silver at VRIC 2026 at Booth 829.’

Investor Engagement at VRIC 2026

VRIC is one of North America’s leading resource investment conferences, bringing together mining companies, institutional investors, retail investors, analysts, and industry leaders. Management will be available throughout the conference to discuss Rio Silver’s project portfolio, execution strategy, and upcoming milestones.

Conference Details:

  • Event: Vancouver Resource Investment Conference (VRIC) 2026
  • Dates: January 25–26, 2026
  • Time: 8:30 a.m. – 6:00 p.m.
  • Location: Vancouver Convention Centre
  • Booth: 829

Why This Matters to Investors

For investors, access matters. Expanding into the U.S. OTC market lowers friction for U.S.-based capital, increases liquidity potential, and broadens the audience able to participate in Rio Silver’s growth. Combined with active investor engagement at VRIC, this initiative strengthens market visibility at a time when the Company is advancing tangible, execution-driven milestones. As Rio Silver continues to progress its silver-dominant assets with a capital-efficient strategy, improved accessibility to the world’s largest capital market positions the Company to attract a wider investor base and more accurately reflect project momentum.

About Rio Silver Inc.

Rio Silver Inc. (TSX-V: RYO | OTC: RYOOF) is a Canadian resource company advancing high-grade, silver-dominant assets in Peru, the world’s second-largest silver producer. The Company is focused on near-term development opportunities within proven mineral belts and is supported by a seasoned technical and operational team with long standing experience in Peruvian geology, development, and district-scale exploration. With a clear strategy and a growing portfolio of highly prospective silver assets, Rio Silver is establishing the foundation to become one of Peru’s next emerging silver producers.

Learn more at www.riosilverinc.com

ON BEHALF OF Rio Silver INC.

Chris Verrico
Director, President and Chief Executive Officer

To learn more or engage directly with the Company, please contact:
Christopher Verrico, President and CEO
Tel: (604) 762-4448
Email: chris.verrico@riosilverinc.com
Website: www.riosilverinc.com

Cautionary Note Regarding Forward-Looking Information

This news release contains ‘forward-looking statements’ within the meaning of applicable Canadian securities laws. Forward-looking statements include, but are not limited to, statements regarding anticipated development activities, underground access timing, permitting progress, community engagement, processing strategies, and the Company’s ability to advance toward potential production and cash flow. Forward-looking statements are subject to known and unknown risks and uncertainties that may cause actual results to differ materially. Readers are cautioned not to place undue reliance on forward-looking statements. Rio Silver undertakes no obligation to update such statements except as required by law.

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

News Provided by GlobeNewswire via QuoteMedia

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Sun Summit Confirms the High-Grade Gold-Silver Potential of the Finn Zone: Drills 5.30 g/t Gold and 157.9 g/t Silver over 6.0 meters at the JD Project

Sun Summit Minerals Corp. (TSXV: SMN) (OTCQB: SMREF) (‘Sun Summit’ or the ‘Company’) is pleased to report assay results from all 2025 drilling at the Finn Zone of its JD Project in the Toodoggone Mining District, north-central British Columbia. 2025 drill results will be integrated into an updated 3D model and will inform the fully funded 10,000 meter drill program planned for 2026.

Drill hole FZ-25-002 returned a significant interval of near-surface gold-silver mineralization: 46.0 meters of 1.03 g/t gold with 44.9 g/t silver from 38.0 meters down hole, including 6.0 meters of 5.30 g/t gold with 157.9 g/t silver from 60.0 meters down hole. This interval is punctuated with a 1.0-meter zone that returned 784.0 g/t silver, highlighting the high-grade and historically overlooked silver potential of the Finn zone epithermal-related system.

Highlights:

  • Drill hole FZ-25-002 investigated the gold-silver mineralization potential of the Finn Zone and evaluated the structural controls on the high-grade silver component. The drill hole intersected a broad zone of near-surface gold-silver mineralization punctuated with high-grade gold and silver veins and hydrothermal breccias:
    • 46.0 meters of 1.03 g/t gold with 44.9 g/t silver from 38.0 meters downhole, including
    • 17.0 meters of 2.31 g/t gold with 113.1 g/t silver from 49.0 meters downhole, and including
    • 6.0 meters of 5.30 g/t gold with 157.9 g/t silver from 60.0 meters downhole
    • high-grade gold-silver intercepts of:
      • 447 g/t silver with 0.93 g/t gold over 1.0 meter at 53.0 meters down hole
      • 19.75 g/t gold with 80.90 g/t silver over 1.0 meter at 60.0 meters down hole
      • 784 g/t silver with 6.79 g/t gold over 1.0 meter at 65.0 meters down hole
  • Confirms the strong high-grade gold-silver potential of the Finn Zone: Numerous high-grade intercepts in drill holes FZ-25-002 and FZ-25-001 (e.g., 273 g/t silver with 2.6 g/t gold over 0.51 meters at 38.3 meters downhole and 22.9 g/t gold with 29.0 g/t silver over 0.50 meters at 65.0 meters downhole, (Table 1) demonstrate the high-grade potential of the target. Additional drilling and modelling focused on the structural controls on the silver-rich zones are planned for follow-up drill programs.
  • Strong gold-silver mineralization intersected in FZ-25-004 confirms the expansion potential of the Finn Zone down-dip. The drill hole investigated the down-dip extent of bulk-tonnage style mineralization of the Finn Zone and intersected multiple zones of mineralization including a strong interval of gold-silver mineralization approximately 160 meters down-dip from FZ-25-002 (15.8 meters of 1.17 g/t gold with 9.12 g/t silver from 104.0 meters downhole, including 7.0 meters of 1.72 g/t gold with 15.3 g/t silver from 111.0 meters downhole).
  • Strong porphyry-related alteration intersected in two reconnaissance drill holes at the Belle South target: Zones of intense phyllic and local potassic alteration overprinting polymictic breccias suggest proximity to a robust porphyry-copper system. The +8.5 km trend of significant hydrothermal alteration coincident with IP and magnetic anomalies is considered strongly prospective for porphyry-related mineralization. Significant exploration across the JD Porphyry trend is planned for 2026.

‘Results from our late-season, modest, four drill hole program at the Finn Zone in 2025 have exceeded expectations and firmly establish the zone as a high-priority target for significant drilling in 2026. The presence of both high-grade and near-surface bulk-tonnage style gold-silver mineralization with strong continuity positions the target as an area for significant drilling in 2026,’ said Niel Marotta, CEO of Sun Summit Minerals. ‘We are fortunate to have growing institutional investor support and Sun Summit is fully funded for its 2026 drill program after closing an oversubscribed $11.5 million private placement in December 2025. Planning is underway for a considerable follow-up resource-focused drill program, with a minimum 10,000 meters of drilling expected. The 2026 program would exceed the 9,400 meters of cumulative drilling completed by Sun Summit in 2024 and 2025, and further adds to the 36,000 meters of historic drilling at JD prior to 2024. The focus of the 2026 drill program will be at the Creek to Finn Corridor, and drill results will contribute to an inaugural mineral resource estimate expected by Q2 2027.’

Table 1. Assay Results for 2025 Finn Zone Drill Holes

Hole ID From (m) To (m) Interval (m) Au (g/t) Ag (g/t)
FZ-25-001 29.00 69.00 40.00 1.18 21.1
including 35.00 42.00 7.00 0.88 39.8
including 38.30 38.81 0.51 2.60 237.0
including 58.00 69.00 11.00 3.37 28.5
including 65.00 65.50 0.50 22.90 29.0
and 107.00 111.00 4.00 2.13 2.7
and 121.00 124.00 3.00 0.70 1.3
and 175.50 179.00 3.50 1.14 2.3
FZ-25-002 26.00 32.00 6.00 0.35 16.6
and 38.00 84.00 46.00 1.03 44.9
including 49.00 66.00 17.00 2.31 113.1
including 53.00 54.00 1.00 0.93 447.0
including 60.00 66.00 6.00 5.30 157.9
including 60.00 61.00 1.00 19.75 80.9
including 65.00 66.00 1.00 6.79 784.0
and 144.00 148.00 4.00 1.77 0.3
and 193.00 197.00 4.00 0.79 3.6
FZ-25-003 101.10 110.00 8.90 0.44 2.2
and 137.00 145.00 8.00 0.39 1.2
and 220.00 225.54 5.54 0.33 5.5
FZ-25-004 44.41 56.20 11.79 0.83 1.0
including 53.00 56.20 3.20 1.87 2.4
and 96.00 98.00 2.00 7.54 0.7
and 104.00 119.80 15.80 1.17 9.1
including 111.00 118.00 7.00 1.72 15.3
Notes:

  1. Intervals are downhole core lengths. True widths are unknown.
  2. Calculations are uncut and length-weighted using a 0.10 g/t gold cut-off.
  3. Grades have not been capped in the length-weighted averaging.

2025 Finn Zone Drill Program

Four drill holes, totalling 950 meters were completed at the Finn Zone in 2025 (Figure 2 and Table 2). The epithermal-related, gold-silver zone is approximately 3.5 kilometers east of the Creek Zone (e.g., 81.0 meters of 4.8 g/t gold, see November 25th, 2025 news release) and marks the eastern extent of the highly-prospective 4.5 kilometer long, Creek to Finn corridor (Figure 1). The drill holes were designed to investigate the continuity of near-surface, high-grade gold-silver mineralization and the down-dip extent of bulk-tonnage mineralization intersected in previous drill programs (e.g., 35.7 meters of 7.26 g/t gold, 94 g/t silver including 1.0 meters of 215.4 g/t gold, 308 g/t silver in JD95-0472 and 20.85 meters of 8.76 g/t gold, 68 g/t silver including 11.0 m of 15.1 g/t gold,108 g/t silver in JD95-0972, Figure 2). Extensive modelling of compiled historical Finn zone drill data outlined a compelling zone of strong silver-rich mineralization (e.g., 45.0 m of 3.02 g/t Au, 136 g/t Ag including 5.0 meters of 8.18 g/t gold, 918 g/t silver in JD95-0762). Drilling in 2025 also focused on evaluating the structural and/or lithological controls on this gold-associated, silver-rich mineralization.

Highlights from 2025 Finn Zone Drilling include:

  • Drill holes FZ-25-001 and FZ-25-002 successfully confirmed the near-surface bulk-tonnage and the high-grade gold-silver potential of the Finn Zone. Drill hole FZ-25-002 intersected a broad zone of near-surface gold-silver mineralization punctuated with high-grade gold and silver veins and hydrothermal breccias (e.g., 46.0 meters of 1.03 g/t gold with 44.9 g/t silver from 38.0 meters downhole, including, 17.0 meters of 2.31 g/t gold with 113.1 g/t silver, Figure 2 and Table 1). The main interval consists of numerous, local high-grade veins and breccias (e.g., 447 g/t silver with 0.93 g/t gold over 1.0 meter, 19.75 g/t gold with 80.90 g/t silver over 1.0 meter and 784 g/t silver with 6.79 g/t gold over 1.0 meter). Based on gold-silver ratios it appears the high-silver domains represent a different pulse of mineralization. Further modelling and follow-up drilling is required to define the extents of this high-silver domain.
  • Drill holes FZ-25-003 and FZ-25-004 were step-out holes designed to test the dip-extent of mineralization along the gently north-dipping zone of volcanic breccias (Figure 3). Drill hole FZ-25-004 intersected multiple zones of gold-silver mineralization (e.g., 15.8 meters of 1.17 g/t gold with 9.12 g/t silver, including 7.0 meters of 1.72 g/t gold with 15.30 g/t silver, Figure 3, Table 1) typical of the core of the Finn Zone. This zone of strong mineralization in FZ-25-004 is approximately 160 meters downdip from FZ-25-002 (Figure 3). Mineralization intersected in FZ-25-004 confirms the expansion potential of the Finn Zone down-dip.

Finn Zone Geology

Most of the historical drilling (over 300 drill holes) at the JD Project was focused on the Finn zone where a broad zone of near-surface, epithermal-related gold-silver mineralization was defined (Figure 1). Mineralization is primarily hosted in the hanging wall of a gently north-dipping, northeast-striking, locally faulted volcaniclastic unit. The volcaniclastic unit, traced for over 1.5 kilometres along strike to the west from the Finn zone, separates two andesite-dominant lithological units of the Toodoggone Formation (Metsantan and McClair members). Faulting and subsequent mineralization likely exploited a volcaniclastic unit, at the base of the Metsantan member, where epithermal-related fluids were focused along permeable volcanic breccias.

The core of the Finn zone consists of strongly silica+clay+sericite altered polymictic breccias, locally cemented with quartz and mineralized with pyrite with lesser sphalerite, galena, and chalcopyrite. Peripheral to the high-grade core, epithermal-related alteration grades into sericite+chlorite+pyrite and more distal epidote+chlorite+/-hematite assemblages with elevated base-metal mineralization.

Next Steps: Creek to Finn Corridor

Assay and geological data from the 2025 Finn Zone drill program are currently being integrated into an updated 3D structural and mineralization model for the target area. The results from the modelling will inform the next phase of drilling set to commence this summer.

The focus of the significant drill program at the 4.5 km Creek to Finn Corridor will be on targeting the extents of mineralization at the Creek and Finn zones. Drill results will contribute to an inaugural mineral resource estimate. Details of the summer 2026 JD drill program will be announced once plans and budgets are set.

Figure 1. Plan map highlighting the 4.5 km Creek to Finn Corridor showing drill collar locations of all 2025 Creek and Finn zone drill holes and historical drill collars as well as results from recent and historical rock and soil geochemical surveys (see October 29th, 2025 news release). The area between the Finn and Creek zones will be a focus for 2026 exploration programs. See references 1 and 2 for sources of historical drill data.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6142/281199_a90dc3c604b29a4c_002full.jpg

Figure 2. Plan map of the Finn Zone showing 2025 collars and all historical drill collars with selected highlights. See references below for sources of historical data.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6142/281199_a90dc3c604b29a4c_003full.jpg

Figure 3. Cross section through drill holes FZ-25-001, 002, 003 and 004 showing down hole assay data. Selected highlights from historical drill programs are also shown. See references below for sources of historical drill data.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6142/281199_a90dc3c604b29a4c_004full.jpg

Figure 4. Core photos of FZ-25-002. Box photos showing core from 45.65 meters to 73.29 meters downhole which includes a broad interval of 17.0 meters of 2.31 g/t gold with 113.1 g/t silver. Individual down hole gold and silver assay results are annotated at the sample depths. The interval consists of strongly silicified andesite transitioning to quartz-cemented hydrothermal breccias. Abbreviations, qtz = quartz

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6142/281199_a90dc3c604b29a4c_005full.jpg

Belle South Porphyry Target

Two drill holes for 811 meters in 2025 evaluated the recently defined and previously untested Belle South Porphyry target (see September 18th, 2025 news release, Figure 5). The two drill holes focused on coincident magnetic-high and high-chargeability anomalies near the southern extent of the McClair Creek alteration zone (Figure 5). The purpose of the two short holes was to test for porphyry-related alteration and mineralization in an area largely covered by till.

The first hole, JD-25-013, collared in rubbly and pervasively QSP (quartz-sericite-pyrite, phyllic assemblage) altered andesite which transitioned to a broad zone of intermediate volcaniclastic rocks (crystal to lapilli tuffs) to bottom of hole. The breccias are locally potassic (potassium feldspar-magnetite) altered and cut by zones of intense phyllic alteration (Figure 6). The breccias locally contain altered intrusive clasts and intervals with hydrothermal magnetite cement (Figure 6). Phyllic alteration with strong disseminated pyrite (up to 20%) persisted throughout the hole with an increase in argillic assemblages with possible gusano textures near the bottom of the hole.

Drill hole JD-25-014 tested the core of the magnetic-high and collared in porphyritic quartz monzodiorite with increasing propylitic (epidote-chlorite) alteration with local pervasive potassium feldspar alteration to bottom of hole. The monzodiorite is weakly to moderately magnetic.

The lithologies and alteration assemblages intersected in both holes suggest proximity to a porphyry-related copper system. The holes returned weakly anomalous zones of copper mineralization with geochemical data suggesting the holes intersected distal alteration assemblages (e.g., elevated zinc). The two holes tested only a small portion of the 8.5 km by 2 km long JD Porphyry trend. Only five drill holes have previously investigated the porphyry-copper potential of the trend, all focused 5 km north at the McClair target near the epithermal-related Finn Zone (see February 5th, 2025 news releases). Similar to the McClair target, the Belle South target warrants significantly more drilling to fully evaluate the porphyry potential of the compelling target area.

Details of the 2026 porphyry-focused exploration program at JD will be announced once all surface data (e.g., rock and soil geochemistry and hyperspectral) have been interpreted together with all geophysical data-sets (e.g., IP, magnetics). A program of continued geophysical surveys, geological mapping and drilling is anticipated.

Figure 5. JD Porphyry Trend, A. Map of the JD Project showing the recently compiled IP data (400m depth slice through the chargeability model, see September 18th, 2025 news release). Key targets are highlighted including the Belle South target. Collar locations for the two 2025 reconnaissance drill holes are shown. Inset photo looking south down McClair Creek showing parts of the 10 km long McClair Creek gossan. The Belle South porphyry target is situated above the gossan on a till covered plateau, where the coincident high-chargeability and high-magnetic intensity is located. B. Map of the JD Project showing total magnetic intensity data acquired in 2021 overlain with IP lines and key target areas. Collar locations for the two 2025 reconnaissance drill holes are shown.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6142/281199_a90dc3c604b29a4c_006full.jpg

Figure 6. Representative core photos of JD-25-013, the first drillhole to test the Belle South porphyry target. A. Potassium feldspar altered polymictic breccia cut by quartz-pyrite vein. The reddening is caused by weak to moderate potassium feldspar alteration and hematite dusting of feldspars, B. representative core photo of pervasive phyllic alteration (QSP), C. magnetite cemented breccia, B. texture destructive alteration showing possible gusano texture near the bottom of the hole. Abbreviations, kspar = potassium feldspar, QSP = quartz-sericite-pyrite, mgt = magnetite, qtz = quartz, py = pyrite

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Figure 7. Map of the Toodoggone District showing the location of the JD Project in relation to other development and exploration projects. Data sourced from Thesis Gold Inc., TDG Gold Corp. and Centerra Gold Inc.’s respective corporate websites. The QP has been unable to verify the information and that the information is not necessarily indicative to the mineralization on the property that is the subject of the disclosure.

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Table 2. Drill Collar Information

Hole ID Easting Northing Elevation (m) Azimuth Dip Depth (m)
FZ-25-001 611231 6367672 1792 160 -60 215
FZ-25-002 611231 6367672 1793 200 -48 215
FZ-25-003 611248 6367800 1782 188 -50 269
FZ-25-004 611248 6367800 1782 188 -80 251
JD-25-013 614642 6363128 1295 225 -65 485
JD-25-014 614550 6363450 1307 45 -80 326
Coordinates are in UTM NAD83 Zone 9N

Quality Assurance and Quality Control

All drill core sample assay and analytical results have been monitored through the Company’s quality assurance and quality control program (QA/QC). Drill core was sawn in half at Sun Summit’s dedicated and secure core logging and processing facility at the JD exploration camp.

Half of the drill core was sampled and shipped by a bonded courier in sealed and secured woven polyester bags to the ALS Global preparation facilities in Kamloops, BC. Core samples were prepared using ALS standard preparation procedure PREP-31A which involves crushing the sample to 70% less than 2mm, followed by a riffle split of 250g, and then a pulverised split to better than 85% passing 75 microns.

Following sample preparation, the pulps were sent to the ALS Global analytical laboratory in North Vancouver, B.C. for analysis. ALS Global is registered to ISO/IEC 17025:2017 accreditations for laboratory procedures.

Drill core samples were analyzed for 48 elements by ICP-MS on a 0.25-gram aliquot using a four-acid digestion (method ME-MS61). This method is considered a ‘ultra trace element’ analytical method with low detection limits on key pathfinder elements such as Ag, As, Sb, Se and Tl.

Gold was analyzed by fire assay on a 30-gram aliquot with an AES finish (inductively coupled plasma atomic emission spectroscopy – method Au-ICP21). Samples that returned >10 parts per million (ppm) gold were re-analyzed by fire assay using a gravimetric finish on a 30-gram aliquot (method Au-GRA21).

Overlimit samples (e.g. Ag, Cu, Pb & Zn) were re-analyzed using an ore-grade, four-acid digestion and ICP-AES finish. Over limits for key elements: samples with >100 ppm silver, >10,000 ppm Cu, >10,000 ppm Pb and >10,000 ppm Zn.

In addition to ALS Global laboratory QA/QC protocols, Sun Summit implements a rigorous internal QA/QC program that includes the insertion of duplicates, certified reference materials (standards prepared by an independent lab) and blanks into the sample stream.

A total of 69 QA/QC samples, including 48 standards, were inserted in the field for all Finn Zone drill holes, representing 12.7% of the overall sample stream. There were no significant issues identified in either the internal or external QA/QC samples.

National Instrument 43-101 Disclosure

This news release has been reviewed and approved by Sun Summit’s Vice President Exploration, Ken MacDonald, P. Geo., a ‘Qualified Person’ as defined in National Instrument 43-101 Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators. Mr. MacDonald has verified the data disclosed in this press release, including the sampling, analytical and test data underlying this information that has been collected by Sun Summit. Verification procedures include industry standard quality control practices. Some technical information contained in this release is historical in nature and has been compiled from public sources believed to be accurate. The historical technical information has not been verified by Sun Summit and may in some instances be unverifiable dependent on the existence of historical drill core and grab samples. Management cautions that past results are not necessarily indicative of the results that may be achieved on the property.

Community Engagement

Sun Summit is engaging with First Nations on whose territory our projects are located and is discussing their interests and identifying contract and work opportunities, as well as opportunities to support community initiatives. The Company looks forward to continuing to work with local and regional First Nations with ongoing exploration.

About the JD Project

The JD Project is located in the Toodoggone mining district in north-central British Columbia, a highly prospective deposit-rich mineral trend. The project covers an area of over 15,000 hectares and is in close proximity to active exploration and development projects, such as Thesis Gold’s Lawyers and Ranch projects, TDG Gold’s Baker-Shasta projects, Amarc Resource’s AuRORA project, Centerra’s Gold’s Kemess East and Underground projects, as well as the past-producing Kemess open pit copper-gold mine (Figure 5).

The project is 450 kilometres northwest of the city of Prince George, and 25 kilometres north of the Sturdee airstrip. It is proximal to existing infrastructure in place to support the past-producing Kemess mine, including roads and a hydroelectric power line.

The JD Project is in a favourable geological environment characterized by both high-grade epithermal gold and silver mineralization, as well as porphyry-related copper and gold mineralization. Some historical exploration, including drilling, geochemistry and geophysics, has been carried out on the property, however the project area is largely underexplored.

About Sun Summit

Sun Summit Minerals (TSXV: SMN) (OTCQB: SMREF) is a mineral exploration company focused on the discovery, expansion and advancement of district scale gold and copper assets in British Columbia. The Company’s diverse portfolio includes the JD and Theory projects in the Toodoggone region of north-central B.C., and the Buck Project in central B.C.

Further details are available at www.sunsummitminerals.com.

References

  1. Hawkins, P.A. (1998), 1997 Exploration Report on the Creek Zone for Antares Mining and Exploration Corporation and AGC Americas Gold Corporation, JD Property, Toodoggone River Area, Omineca Mining Division, Internal Report #98-065-1.

Link to Figures

Figure 1: https://wp-sunsummitminerals-2024.s3.ca-central-1.amazonaws.com/media/2026/01/20260122_Figure1_SMN_JD_Finn_All-scaled.jpg

Figure 2: https://wp-sunsummitminerals-2024.s3.ca-central-1.amazonaws.com/media/2026/01/20260122_Figure2_SMN_JD_Finn_All-scaled.jpg

Figure 3: https://wp-sunsummitminerals-2024.s3.ca-central-1.amazonaws.com/media/2026/01/20260122_Figure3_SMN_JD_Finn_CrossSection-scaled.jpg

Figure 4: https://wp-sunsummitminerals-2024.s3.ca-central-1.amazonaws.com/media/2026/01/20260122_Figure4_SMN_JD_CZ-002_CorePhotos-scaled.jpg

Figure 5: https://wp-sunsummitminerals-2024.s3.ca-central-1.amazonaws.com/media/2026/01/20260122_Figure5_SMN_JD_BS_Holes-scaled.jpg

Figure 6: https://wp-sunsummitminerals-2024.s3.ca-central-1.amazonaws.com/media/2026/01/20260122_Figure6_SMN_JD-25-013_CorePhotos-scaled.jpg

Figure 7: https://wp-sunsummitminerals-2024.s3.ca-central-1.amazonaws.com/media/2026/01/20260121_Figure1-Toodoggone-map.jpg

On behalf of the board of directors

Niel Marotta
Chief Executive Officer & Director
info@sunsummitminerals.com

For further information, contact:

Matthew Benedetto, Simone Capital
mbenedetto@simonecapital.ca
Tel. 416-817-1226

Forward-Looking Information

This news release contains ‘forward-looking information’ within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections and interpretations as at the date of this news release. Any statement that involves predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often, but not always, using phrases such as ‘expects’, or ‘does not expect’, ‘is expected’, ‘interpreted’, ‘management’s view’, ‘anticipates’ or ‘does not anticipate’, ‘plans’, ‘budget’, ‘scheduled’, ‘forecasts’, ‘estimates’, ‘potential’, ‘feasibility’, ‘believes’ or ‘intends’ or variations of such words and phrases or stating that certain actions, events or results ‘may’, ‘could’, ‘would’, ‘might’ or ‘will’ be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This news release contains the forward-looking information pertaining to, among other things: the significance of the assay results reported at Finn Zone, JD Project; the size and timing of the 2026 drill program at the JD project, and the focus areas thereof; the contribution of results, if any, from the 2026 drill program to an inaugural mineral resource estimate and timing thereof; the Finn Zone constituting or remaining a priority target for the 2026 drill program, if at all; the availability and sufficiency of funding to complete the 2026 drill program as planned; future use of assay and geological data from the 2025 Finn Zone drill program, if any for purposes of the next phase of drilling, and timing thereof; the future focus of the drill program at the Finn to Creek Corridor; timing of announcement of details of the summer 2026 JD drill program, if any; the prospects, if any, of the JD Project; the size and timing of future exploration activities, including drilling, at the JD Project; the significance and reliability of historic exploration activities and results; the ability of exploration activities to predict mineralization; the ability of mineralization to be extracted on favourable economic terms; the reliability of a 3D geological and structural model; the results of the selection of samples from 2024 and 2025 drilling sent to the ALS Global analytical facility; the results of any community engagement activities; the JD Project being on a deposit-rich mineral trend; property, royalty, option and other similar property interests.

Although the forward-looking information contained in this news release is based upon what management believes, or believed at the time, to be reasonable assumptions, Sun Summit cannot assure shareholders and prospective purchasers of securities of the Company that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither Sun Summit nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information. Such factors include, among others, risks relating to the ability of exploration activities (including drill results) to accurately predict mineralization; errors in management’s geological modelling; the ability of Sun Summit to complete further exploration activities, including drilling; property, option and royalty interests in the JD Gold Project; the ability of the Company to obtain required approvals; the results of exploration activities; risks relating to mining activities; the global economic climate; metal prices; dilution; environmental risks; and community and non-governmental actions. Sun Summit does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law.

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.

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