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Transition Metals offers investors exposure to discovery-driven upside across critical and precious metals through a proven project generator model, a diversified Canadian asset portfolio, and a capital-efficient strategy designed to minimize dilution while retaining meaningful discovery and monetization leverage.

Overview

Transition Metals (TSXV:XTM) is a Canada-based, multi-commodity exploration company focused on the discovery of critical and precious metals exclusively within Canada’s most prospective and stable mining jurisdictions. The company has assembled a diversified portfolio of exploration projects spanning platinum group metals, nickel, copper, gold, silver and uranium, providing broad exposure to commodities central to electrification, decarbonization and long-term resource security.

Operating under a disciplined project generator model, Transition advances early-stage assets through geoscience-driven exploration before strategically bringing in partners to participate in funding drilling and development. This approach allows the company to preserve capital, limit shareholder dilution and retain upside through royalties, milestone payments and equity interests, while maintaining operatorship and technical control during key exploration phases.

Transition’s portfolio includes flagship assets such as the Saturday Night/Sunday Lake PGM projects near Thunder Bay, the Gowganda Gold project in Ontario and the Pike Warden polymetallic system in Yukon, alongside a pipeline of additional opportunities across Ontario, British Columbia, Saskatchewan and the Northwest Territories. Led by an award-winning technical team with a proven discovery record, the company is positioned to create shareholder value through discovery, disciplined capital management and strategic asset monetization within a secure, Canada-focused footprint.

Company Highlights

  • Multi-commodity exploration company with a portfolio of projects and royalties, covering gold, nickel, copper, platinum group metals (PGM), cobalt, tungsten and more located in mining-friendly jurisdictions across Canada
  • Flagship PGM exposure at the Saturday Night/Sunday Lake projects in the Thunder Bay region
  • Discovery-focused project generator model designed to minimize shareholder dilution while maximizing exploration leverage
  • Strong treasury position complemented by marketable securities, milestone payments and royalty interests
  • Proven management team with multiple industry discovery awards and a long track record of value creation
  • Exposure to critical metals themes supported by government funding, flow-through incentives and secure jurisdictions

Key Projects

Saturday Night / Sunday Lake (Ontario)

The Saturday Night and adjacent Sunday Lake projects form one of the most compelling emerging PGM exploration stories in the Thunder Bay region. The properties are associated with early-stage Midcontinent Rift-related mafic-ultramafic intrusions, analogous in age and style to major North American PGM-Ni-Cu deposits such as Eagle (Michigan), Tamarack (Minnesota) and Thunder Bay North (Ontario). Sunday Lake hosts thick, laterally extensive zones of PGM mineralization, while drilling at Saturday Night has confirmed a large rift-related intrusion with basal PGM-Ni-Cu mineralization. Ongoing and planned drilling is focused on expanding the mineralized footprint and testing the basal contact geometry, positioning the project as a potential district-scale PGM system.

Gowganda (Ontario)

Gowganda is a 100-percent-owned, 87 sq km gold project in the historic Gowganda silver-cobalt camp, where Transition reports it made a gold discovery in 2010 less than 1 km from a paved highway. The company describes a widespread gold mineralized system over ~1.25 km of strike, with “visible gold at surface” and highlights including 97 grams per ton (g/t) gold over 40 cm (channel sample) and drill highlights including 2.4 g/t gold over 7.1 m and 82.5 g/t gold over 0.4 m (within 35 m of surface).

Dessert Lake (Northwest Territories)

Dessert Lake is a strategic uranium exploration opportunity in a large, underexplored basin that shares geological similarities with the Athabasca Basin, which hosts a significant portion of the world’s high-grade uranium deposits. Transition holds the exclusive right to stake claims and is seeking a partner to advance the district-scale opportunity, noting prospective settings along the Wopmay fault and along the basal unconformity/crustal fault intersections.

Pike Warden (Yukon)

Pike Warden is a large polymetallic project situated on the northern margin of the Bennett Lake Caldera, one of the largest collapsed caldera complexes in Canada. Pike Warden is an emerging epithermal gold-silver/porphyry copper system near the Yukon–BC border, ~70 km southwest of Whitehorse, where Transition retains the option to earn 100% of the 41 sq km property. Transition reports 25+ zones of gold-silver-copper-molybdenum-lead mineralization identified to date and sampling highlights up to 48.1 g/t gold, 11,270 g/t silver, 7.49 percent copper, 2.37 percent molybdenum and 59.6 percent lead, with recent work and targeting supported by geophysics and systematic sampling.

Jolly (Ontario)

Jolly Gold is a large, 100-percent-owned and optioned land package covering the western extension of the Beardmore–Geraldton greenstone belt, with multiple undrilled occurrences of high-grade gold mineralization. The company highlights major and splay structures intersecting favourable stratigraphy, describing the target as a camp-scale exploration opportunity.

Cryderman (Ontario)

Cryderman is a gold project in the Shining Tree West camp located along the Ridout Deformation Zone and sits 55 km east of IAMGOLS’s Côté gold project and 16 km west of Aris Gold’s Juby gold project. It is a gold-mineralized system over ~500 m of strike hosted in N–S trending, multi-phase quartz-carbonate veins. The company reports channel sample highlights including 9.15 g/t gold over 1.07 m (with additional high-grade sub-intervals).

Maude Lake (Ontario)

The Maud Lake project is a high-tenor nickel-copper-cobalt-PGM magmatic sulphide system located ~10 km north of Schreiber, Ontario. Transition reports surface sampling up to 6.23 percent nickel, 0.719 percent copper, 0.085 percent cobalt, and 1.042 g/t PGM (platinum+palladium+gold), and notes drilling that intersected a semi-continuous zone of magmatic sulphides near the base of a gabbroic intrusion including 20.01 m averaging 0.33 percent nickel and 0.28 percent copper (including 4 m averaging 0.61 percent nickel and 0.52 percent copper).

Homathko (British Columbia)

Homathko is a high-grade, drill-ready gold prospect exposed by receding glaciers in British Columbia, with an interpreted lode gold system traced along ~1.5 km of strike and grab sample highlights up to 87 g/t gold.

Island Copper (Ontario)

Island Copper is an IOCG (iron oxide copper-gold) opportunity north of Sault Ste. Marie, Ontario, with Transition reporting two separate mineralized showings along Highway 556. Recent samples and historical drill holes returned values up to 9 percent copper.

Wollaston (Saskatchewan)

Wollaston Copper is a >30 sq km property in north-central Saskatchewan south of the Athabasca Basin, where Transition describes two sediment-hosted base metal target opportunities. The company cites historic drilling by Noranda (1990) including 10.82 m grading 0.25 percent copper and 7.4 m grading 0.49 percent copper (both within 40 m of surface), and a separate zinc showing with 17.0 m grading 2.52 percent zinc and 4.0 m grading 7.18 percent zinc, within the Wollaston Supergroup.

Pipestone (Ontario)

Pipestone is a 33 sq km gold project in the Porcupine camp ~25 km north of Timmins, covering ~13 km of interpreted strike extension of the Pipestone structure (one of two main structural breaks recognized in the Timmins camp). The property is subject to a participating joint venture with Gowest Gold, with provisions for dilution to a 2 percent NSR (with a 1 percent buyback for $1 million).

Bancroft (Ontario)

Bancroft is a southern Ontario nickel-coper-cobalt-PGM greenfield land package that has benefited from ~$5 million in exploration expenditures and includes drilling intersections of 5.05 m averaging 1.98 g/t PGM and 60 m of 1.34 g/t PGM. It comprises 2,789 hectares of mining claims and is located less than a 2-hour drive from Toronto.

Management Team

Scott McLean – President, CEO and Co-founder

Scott McLean has over 30 years of experience in mineral exploration and corporate leadership. He spent 23 years with Falconbridge Limited where he was involved in the discovery of the Nickel Rim South deposit in Sudbury, Ontario. For this work, he was named Prospector of the Year (2004) by the Prospectors & Developers Association of Canada. McLean is responsible for corporate vision, capital structure, governance and investor relations, and also serves as an executive director of SPC Nickel Corp.

Greg Collins – Chief Operating Officer and Co-founder

Greg Collins is a professional geologist with more than 25 years of experience across gold and base metals exploration, resource estimation, mine planning, operations and management. His career spans Canada and international jurisdictions. Collins is a founding partner and COO of Transition Metals and is also CEO of Canadian Gold Miner.

Carmelo Marrelli – Chief Financial Officer

Carmelo Marrelli is a chartered professional accountant and principal of The Marrelli Group of Companies. He acts as CFO for a number of public issuers on the TSX, TSX Venture Exchange and CSE, bringing financial, governance and regulatory expertise. Marrelli holds a Bachelor of Commerce degree from the University of Toronto and is a member of the Institute of Chartered Secretaries and Administrators.

Bill Stormont – Business Development

Bill Stormont is a capital markets executive with experience in institutional equity (buy-side, sell-side and fund management), investor relations and stakeholder engagement. He has served in equity analyst and institutional sales roles, worked as a European equity fund manager, and supports business development, partnerships and strategic communications for Transition Metals. Stormont holds an MBA from the University of British Columbia.

Tom Hart – Chief Geologist

Tom Hart is an award-winning geologist with over 40 years of exploration experience across government and industry, including Inco and the Ontario Geological Survey. He specializes in lode gold and base metal systems and has expertise in soil, till and rock analytical methods. Hart was co-recipient of the Northwestern Ontario Prospectors Association’s Discovery of the Year Award (2004).

Benjamin Williams – Exploration Manager Geologist

Benjamin Williams has more than 10 years of geological experience and has been with Transition Metals since 2018. He obtained a BSc with Honours in Geology from Saint Mary;s University, Halifax, followed by Graduate work at Carleton University in Ottawa, where his work focused on igneous petrology and isotope geochemistry. Prior to joining Transition Metals, Mr. Williams worked in collaboration with the Northwest Territories Geological Survey, as a Senior Mapping and Research Assistant, where he conducted various value-added mapping and isotopic research programs on Neoarchean volcanic belts within the Slave Craton, with a focus on VMS-style mineralization.

Sarah Reese – Project Geologist

Sarah Reese is a geological engineer with a Bachelor of Applied Science in Geological Engineering from Queen’s University. She contributes to field programs and geological interpretation, while developing her professional expertise through ongoing education and field experience.

This post appeared first on investingnews.com

Investor Insight

Sun Summit Minerals is targeting the delineation of a multi-million-ounce gold-silver resource at its flagship JD project. With strategic positioning in an emerging consolidation hotspot, compelling valuation metrics, and a track record of discovery, Sun Summit is primed to deliver substantial value creation in the coming quarters.

Overview

Sun Summit Minerals (TSXV:SMN,OTCQB:SMREF) is a Canadian mineral exploration company focused on developing its district-scale gold and copper projects in British Columbia.

The company has completed its 2025 exploration programs at the flagship JD Project and its inaugural exploration program at the Theory Project, located in the Toodoggone District.

Complementing JD and Theory is the company’s Buck project, a large, bulk-tonnage gold-silver system near Houston, BC, with an initial NI 43-101 resource estimate and significant exploration upside.

With capital in hand, a five-year exploration permit secured, and a camp established at JD, Sun Summit is executing a focused strategy to build scale, unlock resource potential and drive shareholder value. Under the leadership of its new CEO, the company has re-focused its strategy with a sharpened vision, a strengthened technical and leadership team, and a portfolio of high-quality, strategically located assets positioned to drive long-term shareholder value.

Company Highlights

  • Tiered Exploration Strategy: Sun Summit Minerals is advancing a focused portfolio in British Columbia with its flagship JD Project in the Toodoggone District as the primary discovery driver, supported by early-stage exploration at the nearby Theory Project, and complemented by the Buck Project in central BC, a strategic asset with a published mineral resource estimate.
  • Strategic Location: Sun Summit’s assets are located in well-established and mining-friendly regions of British Columbia. The flagship JD project and early-stage Theory Project are situated in the prolific Toodoggone district—home to Thesis Gold and Centerra’s Kemess Mine, while Buck lies in Central BC near the Blackwater, Huckleberry, and Equity Silver mines.
  • Potential for Multiple Expansion: Trading at approximately US$38/oz gold equivalent (EV/oz) based on Buck alone, with no value currently ascribed to the JD Project, the company represents a deep value opportunity compared to its next-door neighbour, Thesis Gold, which trades at approximately US$136/oz. Success at the drill bit from ongoing exploration at JD could support a higher valuation over time.
  • Experienced, Capital Markets-Savvy Leadership: CEO Niel Marotta brings 30 years of capital markets acumen, including experience from Fidelity and Orezone. The broader team includes senior geologists and advisors with decades of success in gold discoveries and mine development in BC.
  • Positioned for Consolidation: With majors like Freeport, Centerra, and Skeena investing heavily in adjacent properties, Sun Summit’s flagship JD Project is strategically located and advancing at the right time in the Lassonde Curve to benefit from industry-wide M&A and consolidation trends.

Key Projects

JD & Theory Projects

The JD & Theory projects span more than 25,000 hectares in the heart of the Toodoggone mining district in north-central BC, one of Canada’s most prospective belts for epithermal gold-silver and porphyry copper-gold systems. The district is home to Thesis Gold’s Ranch and Lawyers deposits (4.6 Moz gold equivalent, C$700 million market cap), Centerra’s Kemess underground development, and TDG Gold’s Shasta-Baker project. Infrastructure around the project includes hydroelectric grid access, the nearby Sturdee airstrip and all-season roads.

Results from the 2025 drill campaign at Creek Zone

The JD project hosts a 4.5 km mineralized corridor, known as Creek-Finn, with multiple underexplored targets showing evidence of both high-grade veins and broad disseminated gold systems. Historic and recent drill highlights include:

  • 2.1 grams per ton (g/t) gold over 122.5 m including 121 g/t gold over 1.5 m (CZ-24-004)
  • 11.7 g/t gold over 22 m including 61.2 g/t gold over 4 m (CZ97-008)
  • 7.3 g/t gold over 35.7 m including 215.4 g/t gold over 1 m (JD95-0472)

The Creek Zone features high-grade epithermal veins within broader disseminated zones, supported by strong IP anomalies and gold-in-soil results up to 12.2 g/t gold. The Finn Zone hosts near-surface mineralization with extensive historical drilling (~270 holes) and is open in all directions. Other targets include McClair (porphyry copper), East McClair (copper-gold skarn) and Moosehorn.

Sun Summit Minerals has completed its 2025 21-hole, 6,864 -meter drill program, successfully intersecting gold mineralization in all holes. The results have defined a northwest-trending, structurally controlled zone measuring approximately 750 meters by 300 meters and extending to a vertical depth of around 150 meters. The zone remains open both along strike and at depth, highlighting significant potential for further expansion. A five-year permit secured in April 2025 provides exploration continuity through 2030.

Sun Summit can earn 100 percent of the JD project by making staged cash/share payments and completing work commitments through 2029. Following the completion of its 2025 exploration program, the company closed an $11.5 million financing on December 23, 2025, fully funding the 2026 exploration program and strengthening its ability to advance the earn-in without near-term dilution.

Buck Project

The 100 percent owned Buck project spans 52,000 hectares and is located near key deposits, including Artemis Gold’s Blackwater (8 Moz gold), Imperial’s Huckleberry copper mine, and Newmont’s historic Equity Silver mine. Buck features near-surface bulk-tonnage gold-silver mineralization with porphyry copper-molybdenum potential at depth.

In February 2025, Sun Summit published its inaugural NI 43-101 mineral resource:

  • Indicated: 1.15 Mt @ 0.519 g/t gold equivalent (19,100 oz)
  • Inferred: 52.2 Mt @ 0.489 g/t gold equivalent (820,400 oz)

Mineralization remains open in all directions.

Buck is considered a strategic asset providing leverage to rising gold prices and future transaction potential, but currently receives minimal capital allocation as JD is prioritized.

Sun Summit can earn 100 percent of the JD project by making staged cash/share payments and completing work commitments through 2029. With ~C$6 million earmarked for the project this year alone, Sun Summit is expected to fulfill its 2025 and 2026 earn-in obligations without additional equity raises.

Management Team

Niel Marotta – Chief Executive Officer and Director

Niel Marotta has three decades of capital markets experience, including a successful tenure at Fidelity (FMRCo.), where he managed the top-performing Select Gold Fund and oversaw >$1 billion in AUM. He was previously VP at Orezone Resources, where he helped lead its C$350 million acquisition by IAMGOLD. Marotta has raised over $1 billion in financing and is driving Sun Summit’s transition from a legacy explorer to a discovery-focused value generator.

Brian Lock – Executive Chairman

A veteran of the mining industry with 40+ years of executive experience, Brian Lock has led multiple public companies, including Castle Peak Mining and Scorpio Gold. His expertise spans project development, M&A and corporate governance.

Waseem Javed – Chief Financial Officer

A seasoned mining CFO, Waseem Javed ensures disciplined capital deployment and financial controls. His experience spans junior explorers and mid-tier producers across Canada and the US.

Ken MacDonald – VP Exploration

Ken MacDonald is a registered professional geologist with over 30 years in mineral exploration and permitting in BC. Formerly with the BC Mines Branch and multiple juniors, he leads Sun Summit’s technical programs and NI 43-101 compliance.

Christopher Leslie – Technical Advisor

An expert in porphyry and epithermal systems, Christopher Leslie led the discovery of the 8 Moz Blackwater deposit while at Richfield Ventures, and later served as VP exploration for Tower Resources. He was instrumental in advancing the JD-Theory project during its prior ownership.

Robert D. Willis – Senior Advisor

Founder of several successful exploration companies, including Pioneer Metals and Manhattan Minerals, Robert Willis has 35+ years of technical and executive experience across North and South America.

Terry Salman – Strategic Advisor

Founder of Salman Partners and one of Canada’s most influential mining financiers, Terry Salman has backed dozens of successful juniors over a 40-year career in mining investment banking.

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~  Global Production Expansion Strengthens Hydrogen and Alternative Fuel System Manufacturing Capacity  ~

Westport Fuel Systems Inc. (‘Westport’) (TSX:WPRT Nasdaq: WPRT), a supplier of alternative fuel systems and components for the global transportation industry, announces the commencement of production at its expanded product development and manufacturing facility in Cambridge, Ontario and its new China Hydrogen Innovation Center and Manufacturing facility in Changzhou, China. Both facilities will support the development of Westport’s GFI-branded fuel system components by advancing Westport’s global hydrogen, CNG and RNG strategies and enabling local manufacturing capacity in China, a market widely cited as the largest in the world for hydrogen commercial vehicle deployment, with Chinese sales of hydrogen buses and trucks exceeding those of all other regions combined in 2024. Initial products were shipped to customers in December 2025, with both facilities continuing to ramp up capacity through the first quarter of 2026.

GFI: Leading Clean Energy Innovation
Westport’s High-Pressure Controls and Systems business (the ‘High-Pressure Business’), with its GFI products, is at the forefront of the clean energy revolution, designing, developing, and producing high-demand components for transportation and industrial applications. The High-Pressure Business specializes in designing and manufacturing safety-critical, high-pressure control components for hydrogen and alternative fuel systems, serving a variety of transportation and industrial markets. Westport’s High-Pressure Business supports automotive, truck, bus, and industrial original equipment manufacturers with GFI precision-engineered regulators, valves, and pressure relief devices for real-world duty cycles. For more information, please visit www.gficontrolsystems.com.

Global Presence and Strategic Expansion
‘Westport’s GFI-branded hydrogen fuel system components have been active globally and especially in China for over a decade, serving both fuel cell and internal combustion engine applications,’ said Dan Sceli, CEO of Westport. ‘These new and expanded facilities align with our growth strategy, enhance our capacity to meet rising global demand for natural gas and hydrogen advanced fuel technologies, and reinforce our regional manufacturing excellence to better service customers adopting high-pressure alternative fuels as a key low-emission transport solution.’     

Westport’s manufacturing expansion in China capitalizes on the nation’s prominent position in hydrogen investment and infrastructure development. The newly established facility is purpose-built to serve Westport’s existing and expanding customer base, providing essential hydrogen components for a range of applications, including commercial vehicles, buses, trains, marine, material handling, and stationary power generation. According to Driving Hydrogen, China is now the world’s largest hydrogen transportation market, achieving close to 50% of global sales in the first half of 2025 primarily due to its focus on commercial hydrogen fleets.

The China facility complements our expanded Cambridge, Ontario site for high-pressure controls. This supports Westport’s North American Innovation Hub and engineering work, improving GFI’s responsiveness and logistics.

About Westport 
Westport is a technology and innovation company connecting synergistic technologies to power a cleaner tomorrow. As a leading supplier of affordable, alternative fuel, low-emissions transportation technologies, we design, manufacture, and supply advanced components and systems that enable the transition from traditional fuels to cleaner energy solutions.

Our proven technologies support a wide range of clean fuels – including natural gas, renewable natural gas, and hydrogen – empowering OEMs and commercial transportation industries to meet performance demands, regulatory requirements, and climate targets in a cost-effective way. With decades of expertise and a commitment to engineering excellence, Westport is helping our partners achieve sustainability goals—without compromising performance or cost-efficiency – making clean, scalable transport solutions a reality.

Westport is headquartered in Vancouver, Canada. For more information, visit Westport.com.

Cautionary Note Regarding Forward Looking Statements
This press release contains forward-looking statements within the meaning of applicable securities laws, including statements regarding the commencement and ramp-up of production at Westport’s new and expanded facilities, expected manufacturing capacity, anticipated customer demand, the growth of the hydrogen and alternative fuel markets, the strategic benefits of Westport’s global expansion, and the ability of Westport’s technologies and facilities to support future commercial deployments. These forward-looking statements are based on assumptions, expectations, estimates, forecasts, and projections that, while considered reasonable by Westport management at the date of this release, are subject to a number of risks and uncertainties.

Factors that could cause actual results to differ materially from those expressed or implied by these forward-looking statements include, among others, supply chain constraints, delays in facility ramp-up, operational challenges, customer adoption rates, regulatory developments, competitive pressures, economic conditions, and other risk factors detailed from time to time in Westport’s public disclosure filing with applicable securities regulators. Readers are cautioned not to place undue reliance on any forward-looking statements. Westport undertakes no obligation to update these forward-looking statements except as required by National Instrument 51-102.

Contact Information

Investor Relations
Westport 
T: +1 604-718-2046

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(TheNewswire)

 

Vancouver, B.C. January 19, 2026 TheNewswire – Armory Mining Corp. (CSE: ARMY) (OTC: RMRYF) (FRA: 2JS) (the ‘Company’ or ‘Armory’) a resource exploration company focused on the discovery and development of minerals critical to the energy, security and defense sectors, is pleased to provide an update on exploration activity scheduled through Q2, 2026.

 

Ammo Gold-Antimony Project

 

In December 2025 the Company announced it has engaged Castello Q Exploration Corp to carry out an initial phase one work program at its 100% owned Ammo Antimony-Gold project, located in Nova Scotia, Canada.

 

Ammo is 3,092-hectare exploration package that completely surrounds and is contiguous to the historical West Gore antimony-gold mine.  West Gore produced both antimony and gold in the years leading up to World War I.  The ground has since changed hands multiple times, and is currently held by Military Metals Corp.

 

West Gore was a significant producer during World War One, with production shipped to England.  Records document nearly 32,000 metric tons of production between 1914-1917, yielding over 7,000 metric tons of antimony concentrate grading 46%.
Total gold recovered up to 1917 was 6,861 ounces. Limited work was conducted in the 1950s, 1960s, and 1980s by several companies along with the Nova Scotia government*.


Click Image To View Full Size

Figure 1: Map showing Armory’s Ammo Project surrounding the historical West Gore antimony-gold mine

 

The initial work program is expected to consist of data compilation, prospecting and reconnaissance, to identify favorable geology, followed by detailed surface sampling and geophysics to determine priority drill targets. The Company plans to budget up to $656,000 CDN for the initial phase of exploration.  

 

Preliminary work is underway regarding data collection and analysis.  The Company will provide an update on the proposed work programs over the next few weeks.

* Source: NI 43-101 Technical Report, Battery Metals Corp, Mark S. King, P. Geo., Michael C. Corey, P. Geo., May 25, 2021

 

Note: The Company considers historical data at West Gore to be relevant. Readers are cautioned that the Company has not independently verified the information, and notes that the mineralization on this property may not be indicative of the mineralization on the Company’s property.

 

Candela II Lithium Deposit

 

The Company also issued an update in early December 2025, regarding its Candela II lithium brine project located in the Incahuasi Salar, Salta Province, Argentina.

 

The Company is moving forward on a scoping study which will enhance development of the Candela II project.  A scoping study will evaluate both technical viability and economic potential of the deposit.  The project has been advanced by the Company with exploration drilling and has an inferred resource of 457,000 tonnes of lithium carbonate in-situ. This resource estimate was completed by WSP Australia*.  

 

The current lithium carbonate price is up 30% since the start of the year to a new two-year high, which brings the significance of the project into focus, and priority, for Armory.

 

The location of the project is within what is referred to as the ‘Lithium Triangle’, a section of South America that stretches among Bolivia, Chile and Argentina. Ganfeng Lithium, China’s largest producer of the battery metal, has the adjacent concession to Candela II, and a production well approximately 9.8km away.  Rio Tinto and Power Minerals (PNN) are also located nearby.

 

*The Candela II Lithium Brine Project contains a National Instrument 43-101 mineral resource estimate (‘MRE’) completed by WSP Australia Pty. Ltd. (see Spey Resources Corp. news dated September 26th, 2023).   

 

Technical information in this news release regarding Candela II has been previously published and was reviewed and approved at the time by Phillip Thomas, BSc Geol MBM, FAusIMM (CPVal), MAIG who is a Qualified Person under the definitions established by the National Instrument 43-101.

About Armory Mining Corp

Armory Mining Corp. is a Canadian exploration company focused on minerals critical to the energy, security and defense sectors. The Company controls an 80% interest in the Candela II lithium brine project located in the Incahuasi Salar, Salta Province, Argentina. In addition, the Company controls 100% interest in both the Ammo antimony-gold project located in Nova Scotia and the Riley Creek antimony-gold project located in British Columbia.

 

Qualified Person

 

Harrison Cookenboo, Ph.D., P. Geo., an independent Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, has reviewed and approved the technical contents of this news release.

 

Contact Information

 

Alex Klenman

CEO & Director

alex@armorymining.com

 

Neither the Canadian Securities Exchange nor its Market Regulator (as the term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy of accuracy of this news release.   This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the Company’s securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The Company’s securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the ‘1933 Act’) or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the  1933 Act) unless registered under the  1933 Act  and applicable  state  securities  laws, or an exemption from such registration requirements is available.

 

Forward-looking statements:

 

This press release contains certain forward-looking statements, including statements regarding the intended use of funds. The words ‘expects,’ ‘anticipates,’ ‘believes,’ ‘intends,’ ‘plans,’ ‘will,’ ‘may,’ and similar expressions are intended to identify forward-looking statements. Although the Company believes that its expectations as reflected in these forward-looking statements are reasonable, such statements involve risks and uncertainties. Actual results may differ materially from those expressed or implied in these statements due to various factors, including, but not limited to, political and regulatory risks in Canada, operational and exploration risks, market conditions, and the availability of financing. Readers are cautioned not to place undue reliance on forward-looking statements, which are made as of the date of this release. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by applicable securities laws.

Copyright (c) 2026 TheNewswire – All rights reserved.

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Russia is preparing to target Europe’s biggest nuclear power plant’s power lines in a move that could unfold within days, according to a source familiar with the matter.

Ukrainian officials had said Moscow’s plan was focused on high-voltage transmission infrastructure rather than direct strikes on nuclear reactors, but a source has since claimed the Zaporizhzhia Nuclear Power Plant lines (ZNPP) are Moscow’s focus.

In a statement released Jan. 17, the Main Directorate of Intelligence of Ukraine’s Defense Ministry (HUR) had warned that Russia was weighing attacks on substations critical to nuclear power generation.

‘In order to force Ukraine to sign unacceptable surrender demands to end the war, the aggressor state Russia is considering the option of attacking strategic facilities of our state’s energy system — we are talking about electricity transmission substations that ensure the operation of Ukrainian nuclear power plants.’

‘The threat is at ZNPP,’ a source told Fox News Digital. ‘There are talks of a massive attack either tonight or in the coming nights,’ the source said on condition of anonymity, adding that ‘the talks within the Ukrainian government are about ZNPP and the lines, and these talks have not been for the first time.’

According to The Associated Press, Russia also targeted energy infrastructure in Odesa region overnight Sunday, according to Ukraine’s Emergency Service.

ZNPP is located in southern Ukraine and consists of six VVER-1000 pressurized water reactors, and has been under Russian occupation since March 2022, according to reports.

Although the reactors are no longer producing electricity, the plant needs external power to maintain cooling and safety systems. 

The IAEA has repeatedly warned that disruptions to off-site power supplies and lines pose a serious nuclear safety risk.

A Jan. 16 localized ceasefire was agreed between Russia and Ukraine for repairs under IAEA coordination on one backup power line at ZNPP that had already been damaged.

In a statement, IAEA Director General Rafael Mariano Grossi said Jan. 16: ‘The IAEA continues to work closely with both sides to ensure nuclear safety at the ZNPP and to prevent a nuclear accident during the conflict. This temporary ceasefire, the fourth we have negotiated, demonstrates the indispensable role that we continue to play.’

‘A deterioration of Ukraine’s power grid from persistent military activity has direct implications on the nuclear safety of its nuclear facilities,’ Grossi said.

‘Russia is said to be going to do this strike, maybe even tonight,’ the source said of the ZNPP operation.

‘Information also from the Ukrainian Parliament and Ukrainian Security Service, or internally, is that the Russian army told the Ukrainian army that if they don’t stop shelling their tankers in the sea or shelling their oil refineries, as well as their electric stations like power stations,’ the source said, ‘then they will fully destroy Kyiv energy facilities aswell.’

‘The parliament knows this. But we keep shelling,’ the source added.

‘This is a very difficult situation,’ the source continued, saying Ukrainian leadership, the Ukrainian parliament and ‘obviously the office of the president’ are fully aware that ‘if we keep shelling Russian tankers and oil refineries, then they will destroy everything that we have.’

President Volodymyr Zelenskyy also recently urged NATO allies to urgently deliver additional air-defense missiles, warning that some systems are running low on ammunition, according to reports.

‘To actually preserve the energy in the country when it is minus 20 outside and people are literally suffering hugely,’ the source added. ‘People don’t have electricity, don’t have warmth and some don’t even have water.’

‘And this is a very controversial situation,’ the source said, ‘particularly for the Ukrainian people sitting inside, hungry and freezing, and overall being in this disastrous humanitarian situation.’

Fox News Digital has reached out to President Zelenskyy’s office for comment.

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Iranian protesters are facing their deadliest days yet as security forces unleash mass killings and executions in a sweeping crackdown some have labeled ‘genocide,’ new reports say.

According to The Sunday Times, a report compiled by doctors entrenched in the region and reviewed by the outlet, estimates that security forces have killed at least 16,500 protesters and injured more than 330,000 others.

The report also described the violence as an ‘utter slaughter,’ warning that the true toll may be even higher due to restricted access to hospitals and the near-total shutdown of communications.

Most of the victims, the report says, are believed to be under the age of 30, underscoring the heavy toll on Iran’s younger generation as the regime intensifies its efforts to crush dissent.

Iran’s Supreme Leader, Ayatollah Ali Khamenei acknowledged Sunday that ‘several thousands’ have been killed since protests erupted Dec. 28.

In a televised address, he blamed demonstrators, calling them ‘foot-soldiers of the U.S.’ and falsely claiming protesters were armed with imported live ammunition.

Meanwhile, Human Rights Activists News Agency (HRANA) reported that as of day 22 of the protests, verified figures show 3,919 people killed, with 8,949 additional deaths under investigation, 2,109 severely injured, and 24,669 detainees.

HRANA noted that the true toll is likely far higher due to the internet shutdown.

Professor Amir Parasta, an Iranian-German eye surgeon and medical director of Munich MED, said in The Sunday Times report that doctors across Iran are ‘shocked and crying,’ despite having experience treating war injuries.

‘This is a whole new level of brutality,’ Parasta said. He added that Starlink terminals smuggled into Iran have been the only means of communication since authorities cut internet access on Jan. 8.

Eyewitnesses who fled Iran also described snipers targeting protesters’ heads, mass shootings and systematic blinding using pellet guns.

One former Iranian resident said in the report that doctors reported more than 800 eye removals in a single night in the capital alone, with possibly more than 8,000 people blinded nationwide.

‘This is genocide under the cover of digital darkness,’ Parasta said.

Alongside the street killings, executions have surged dramatically, according to Ali Safavi, a senior official with the National Council of Resistance of Iran (NCRI).

Safavi told Fox News Digital that 2,200 people were executed in 2025, while 153 have already been hanged in the first 18 days of January 2026, averaging more than eight executions per day.

‘Ali Khamenei is continuing mass executions in parallel with the killing of young protesters,’ Safavi said. ‘Three executions in the form of hanging are now happening every hour according to our data.’

Iranian Foreign Minister Abbas Araghchi previously disputed high death tolls reported in an interview with Fox News’ Bret Baier, claiming fatalities were only in the hundreds and dismissing higher figures as ‘misinformation.’

President Donald Trump sharply condemned Khamenei over the weekend, calling him a ‘sick man’ and urging new leadership in Iran.

In an interview with Politico, Trump accused Khamenei of overseeing ‘the complete destruction of the country’ and using ‘violence at levels never seen before,’ adding that Iran’s leadership should ‘stop killing people.’

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Republican Sen. Lindsey Graham of South Carolina announced on Sunday that he met with Israel’s Mossad Director David Barnea.

‘Just met with my good friend David Barnea, Director of Mossad. Wow, these people are clever. God Bless America. God Bless Israel,’ Graham wrote in a post on X, which includes a photo of himself and Barnea smiling and giving a thumbs up.

The Mossad’s website explains, ‘The institute for Intelligence and Special Operations (Mossad) is a national organization responsible for covert activity abroad.’

‘Lindsey Graham holds secret talks with MOSSAD boss in Israel,’ RT wrote in a post on X while sharing a screenshot of the U.S. lawmaker’s post about meeting with the Israeli official. ‘Is he speaking for all of America?’

The outlet’s website states, ‘RT is an autonomous, non-profit organization that is publicly financed from the budget of the Russian Federation.’

Graham shared the RT post and wrote, ‘To my Russian friends, chill out. I’ve known David for a very long time. He’s looking to buy property in South Carolina and I wanted to give him my two cents’ worth. In case you haven’t noticed, President Trump is in charge.’

Graham also met with Prime Minister Benjamin Netanyahu and other Israeli officials during his trip to the Jewish state.

‘Great visit with Prime Minister Netanyahu and his team at one of the most consequential moments in recent memory. America has no better friend than the State of Israel,’ Graham said in a post on X.

Graham also met with Netanyahu in Israel last month.

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Sen. Rand Paul, R-Ky., said on Sunday that the U.S. is engaged in an ‘ongoing war’ with Venezuela following what he described as recent U.S. actions involving the country.

During an appearance on NBC’s ‘Meet the Press,’ Paul said the U.S. continues to be in conflict with Venezuela over its oil.

‘That is an act of war, it’s an ongoing war, to continue to take their oil, ongoing war, to distribute it,’ Paul said.

‘I still hope it works out for the best, but we are still involved in an active war with Venezuela,’ he continued.

The senator added that ‘we still have hundreds of ships with a 100% blockade of the coast.’

This comes after the U.S. operation to attack Venezuela and arrest its president, Nicolás Maduro, and the Trump administration’s subsequent seizing of an oil tanker from the country.

Venezuela is one of the biggest producers of oil, and its oil industry has become a focus of the Trump administration. Officials said oil sales to the U.S. will start immediately with an initial shipment of about 30 million to 50 million barrels and that the shipments will continue indefinitely.

‘This Oil will be sold at its Market Price, and that money will be controlled by me, as President of the United States of America, to ensure it is used to benefit the people of Venezuela and the United States!’ Trump previously wrote on Truth Social.

Trump has also said that the U.S. would continue ‘running’ Venezuela for much longer than a few months. Trump and Secretary of State Marco Rubio have said it will take time for Venezuela, now led by interim acting President Delcy Rodriguez, to reach a place where it can hold elections.

More than half of U.S. voters oppose the Trump administration running Venezuela, according to a poll from Quinnipiac University.

Paul is part of a bipartisan group of lawmakers who want to limit Trump’s ability to conduct further attacks against Venezuela after the U.S. military’s recent move to strike the country and capture Maduro, which the Kentucky Republican has said amounts to war.

The group attempted to pass a War Powers resolution last week to block the president from additional intervention without congressional approval, but the effort failed in the Senate.

‘The only problem about a war powers vote now is that, since it hasn’t happened, there are a lot of Republicans who say, ‘Oh, that’s prospective. I’m not going to tie his hands prospectively,” Paul said on Sunday. 

‘The problem is, if you wait until after an invasion, whereas the administration argues, we don’t know it’s a war until we count the casualties. That’s sort of a crazy definition of war, because our job is to initiate or declare war,’ he added.

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Towards the end of the fifth season of ‘Stranger Things,’ the character of Will Byers gathers his family and friends together. He has good reason. They need to prepare for the final battle against Vecna, a terrifying, skinless monster with a penchant for mass murder and apocalyptic terrorism. But instead, Will comes out as gay.

This is perhaps the most anticlimactic moment in television since Pam woke up to reveal that the entire tenth season of ‘Dallas’ had been a dream. In laborious and earnest tones, Will takes four minutes to tell everyone that he just isn’t into girls. Cue the inevitable chorus of solidarity from his friends and a warm group hug. Given that this series is set in the 1980s, a more realistic approach would have been for them to storm out and declare Will to be more disgusting than Vecna.

This has happened so often in Hollywood that it’s become the norm. A storyline is upended to promote the ideological obsessions of the present. We’ve had a Black Cleopatra, a lesbian kiss in the ‘Toy Story’ spinoff ‘Lightyear,’ empathetic, home-loving orcs in Middle Earth, and a robot in an animated series of ‘Transformers’ declaring its pronouns as ‘they/them,’ as though mechanized killing machines are sensitive about their gender identities.

A key aspect of storytelling is verisimilitude. Movies can present completely unreal worlds, but unless an audience buys into the internal logic, they quickly lose interest. Consider the recent Netflix series ‘Ripley,’ in which a major male character is played by a female actor who identifies as ‘nonbinary.’ The characters don’t notice that she’s a woman, and we’re expected to play along. It insults our intelligence and completely derails an otherwise brilliant series.

If we want to save the arts, we must return to the universal. We have to remember that we’re meant to be entertainers, not high priests of a new religion that nobody asked for.

The audiences know it, too. The ‘coming out’ episode of ‘Stranger Things’ is currently the lowest-rated episode on IMDb. The recent live-action remake of ‘Snow White,’ with its emphasis on diversity rather than murderous stepmothers and subterranean dwarves, reportedly lost over $115 million for Disney. 

The all-female leads of ‘The Marvels’ might have made a few executives feel good about themselves, until it turned out to be the franchise’s biggest bomb of all time. And after poor test screenings, HBO’s big-budget wokefest ‘Batgirl’ was shelved altogether.

So, while executives pat themselves on the back for their ‘virtue,’ their studios are plunged into debt. According to public filings, as of late 2025, Disney’s debt is roughly $35.3 billion and Warner Bros. Discovery’s debt stands at approximately $33.5 billion. Cinema attendance continues to decline, with annual box office receipts in North America struggling to reach $9 billion. In a world where production and marketing costs have skyrocketed, these numbers represent a dying industry.

It turns out that audiences prefer to be entertained rather than hectored. If people wanted a sermon, they’d probably just stick to church. I’ll make a prediction right now: if things don’t change, they won’t be making movies on those legendary big studio lots in five years’ time — they’ll be selling them off as prime real estate for luxury condos. You can’t continually patronize and insult your customers and expect to keep the lights on.

Since the rise of the ‘woke’ movement, and its total domination of the creative industries, anyone with a conservative point of view has been punished and even blacklisted. 

Artists are meant to be the most free-thinking people in the world, but the industry demands conformity above all else. Worse still, the woke fixation simply doesn’t tally with the views of the general public, most of whom don’t want their children being indoctrinated by studios smuggling in ideology and propaganda under the guise of entertainment.

Contrary to what the self-identifying, morally superior, adjacent elites want you to believe, the woke ideology has never been popular with the public. It represents the luxury beliefs of the privileged few, those who spend most of their time pontificating about ‘social justice’ and ‘environmental responsibility’ while flying in their private jets and ingesting enough cocaine to keep the cartels of Mexico living like kings.

The good news is that the American people aren’t waiting for permission from the big studios anymore. We are seeing a massive explosion of alternative media. Whether it’s independent streaming platforms, podcasts or creator-owned networks, a new frontier is being built.

Audiences are migrating to where they can find authenticity and truth. They’re supporting creators who prioritize strong storytelling over ‘the message.’ While the legacy studios are busy building ‘safe spaces’ for their writers, and scolding audiences for not being sufficiently ‘progressive,’ we are building a new industry for the people.

Hollywood used to be about what brought us together. Now, it’s about what divides us. They’ve traded the Dream Factory for an Indoctrination Lab, and the American people are voting with their wallets and their remote controls.

If we want to save the arts, we must return to the universal. We have to remember that we’re meant to be entertainers, not high priests of a new religion that nobody asked for.

If that doesn’t happen, get ready to see a lot of ‘For Sale’ signs on those studio gates.

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A bipartisan, bicameral group of U.S. lawmakers set off to Denmark to reassure the NATO ally amid President Donald Trump’s push for a takeover of Greenland.

The group was mostly made of Democrats, but included two Republicans: Sen. Lisa Murkowski, R-Alaska, and Sen. Thom Tillis, R-N.C.

Senate Foreign Relations Committee Ranking Member Jeanne Shaheen, D-N.H., Sen. Chris Coons, D-Del., Sen. Dick Durbin, D-Ill., Murkowski, Tillis, Rep. Gregory Meeks, D-N.Y., Rep. Sarah McBride, D-Del., Rep. Madeleine Dean, D-Pa., and Rep. Sara Jacobs, D-Calif., were among those who traveled to Europe for meetings with Danish and Greenlandic officials. Some members of the delegation are expected to go to the World Economic Forum in Davos, Switzerland, next week.

‘The trip will highlight bipartisan support for our allies in the Kingdom of Denmark and discuss how to deepen this partnership in line with our shared principles of sovereignty and self-determination, and in the face of growing challenges around the world, especially bolstering Arctic security and promoting stronger trade relations between the two countries,’ a statement Shaheen issued prior to the visit read.

Coons, who led the delegation, underscored the lawmakers’ desire to ‘reaffirm Congress’ commitment’ to Denmark, calling it one of the U.S.’s ‘oldest, strongest NATO allies.’

‘A great day leading our bipartisan delegation to Copenhagen meeting with Danish and Greenlandic officials to reaffirm Congress’ commitment to one of our oldest, strongest NATO allies. In an increasingly unstable world In which our adversaries are cooperating, our alliances are more important than ever,’ he wrote in a post on X.

The visit comes as Trump’s renewed push for the U.S. to takeover Greenland continues to draw criticism from both sides of the aisle and some of America’s allies.

‘That rhetoric doesn’t just undermine our bilateral relationship, it undermines the NATO alliance at a time when our adversaries seek to benefit from division,’ Shaheen said during a speech at the University of Copenhagen.

The trip began before Trump announced on Saturday planned tariffs for Denmark and several European nations in a bid to force a deal for the U.S. purchase of Greenland. 

While the lawmakers were visiting, Denmark saw massive protests of crowds voicing their opposition to the U.S. taking the semiautonomous Danish territory. Thousands gathered across the country to show their solidarity with Greenland. The crowds chanted ‘Greenland is not for sale’ and held banners with slogans such as ‘Hands off Greenland,’ according to Reuters.

‘I am very grateful for the huge support we as Greenlanders receive… we are also sending a message to the world that you all must wake up,’ Julie Rademacher, chair of Uagut, an organization for Greenlanders in Denmark, told Reuters.

‘Greenland and the Greenlanders have involuntarily become the front in the fight for democracy and human rights,’ she added.

Trump has insisted that the U.S. needs Greenland for purposes of national security, saying that Russia and China were eyeing the island. 

During her speech at the University of Copenhagen, Shaheen argued that Trump’s approach is unnecessary, saying the U.S. already has pathways to secure its interests in the Arctic.

‘Anything the president might want — whether it is U.S. bases to defend against Arctic threats or critical minerals deals — the leaders of Denmark and Greenland have made clear they are happy to partner with us. So, the threats are not only unnecessary, they are also counterproductive, and they risk undermining the broader NATO Alliance in the process,’ Shaheen added.

In an exclusive interview with Fox News Digital, U.S. ambassador to NATO Matthew Whitaker pushed back against growing European backlash over Washington’s focus on Greenland after France announced new military exercises with Denmark, saying Arctic security is a core American defense interest and that Europe ‘has a tendency to overreact.’

Americans appear divided on the idea, however, with 86% of voters nationwide saying they would oppose military action to take over Greenland, according to a Quinnipiac University poll. The survey found that voters opposed any U.S. effort to buy Greenland by a 55%–37% margin, suggesting the idea has yet to gain broad support among American voters.

Fox News Digital’s Efrat Lachter and Amanda Macias contributed to this report.

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