, /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) will report second quarter 2026 financial results after market close on Wednesday, August 5, followed by a conference call at 8:30 a.m. Eastern time on Thursday, August 6.
The Company will publish its results on August 5, in the form of an Earnings Release and an additional presentation on its investor website: http://investor.goodyear.com. The following morning, the Company will host a conference call.
The call can be accessed on the website or via telephone by calling either (833) 419-0865 or (785) 838-9333 before 8:25 a.m. and providing the conference ID "Goodyear." A replay will be available by calling (800) 723-1517 or (402) 220-2659. The replay will also be available on the website.
About The Goodyear Tire & Rubber Company
Goodyear is one of the world's largest tire companies. It employs about 63,000 people and manufactures its products in 49 facilities in 19 countries around the world. Its two Innovation Centers in Akron, Ohio, and Colmar-Berg, Luxembourg, strive to develop state-of-the-art products and services that set the technology and performance standard for the industry. For more information about Goodyear and its products, go to www.goodyear.com/corporate.
50 years after its last appearance in the Big Apple, the legendary airship returns to kick off celebrations for America's 250th birthday
, /PRNewswire/ -- Tomorrow, the Goodyear Blimp will do what it does best: provide millions of Americans with a one-of-a-kind view during Sail 4th 250, a marquee nautical event featuring the world's largest gathering of tall ships. Aerial coverage will begin at 7 a.m. EST on the TODAY Show on NBC, so tune in!
A true veteran of the skies, Goodyear's airships have a storied tradition of showing up during America's biggest moments, so it's no surprise viewers will see Wingfoot One soaring over the Big Apple. But, to get the best views of New York Harbor, the Goodyear Blimp will base its operations in Brooklyn, marking the first time in 50 years the airship will be not just in the clouds around New York City, but also on the ground.
The blimp's historic appearance at Sail 4th 250 is the fourth time it's flown over an Operation Sail event. It was a fixture at the first celebration in 1964, America's Bicentennial in 1976 and the 100th anniversary of the Statue of Liberty in 1986. Now, it returns to provide aerial coverage in celebration of America's 250th.
This is also a natural opportunity for the blimp as an aerial ambassador for Goodyear, which has called the United States home for more than 125 years and is the only U.S.-based major tire manufacturer.
"For more than half the history of the United States, Goodyear science has contributed not only to the success of the American automotive industry by producing tires worth bragging about but also to the protection of the country through military service, including blimps that helped ensure the safety of the Navy," said Julianne Roberts, Senior Director, Marketing.
Follow @GoodyearBlimp on Instagram and TikTok to get live updates from New York!
About The Goodyear Tire & Rubber Company
Goodyear (NASDAQ: GT) is one of the world's largest tire companies. It employs about 63,000 people and manufactures its products in 49 facilities in 19 countries around the world. Its two Innovation Centers in Akron, Ohio, and Colmar-Berg, Luxembourg, strive to develop state-of-the-art products and services that set the technology and performance standard for the industry. For more information about Goodyear and its products, go to www.goodyear.com/corporate.
Toronto, Ontario--(Newsfile Corp. - June 18, 2026) - GT Resources Inc. (TSXV: GT) (OTCQB: CGTRF) (FSE: 7N1) the ("Company" or "GT") is pleased to announce it has begun the 2026 field program on the CD Project in Yukon's Dawson Range Gold Belt, located near Carmacks (the "Property" or "CD") (Figure 1). CD hosts a gold - copper porphyry target, with valid drill permits until 2033 and co-incident soil and geophysical anomalies.
The CD Project exhibits significant geological parallels to Western Copper and Gold's Casino deposit, situated 90 kilometers to the northwest. The Casino deposit hosts a Measured and Indicated Resource Estimate of 7.6 billion pounds of copper and 14.8 million ounces of gold (Roth et al. 2022 ).
"The current work program includes a focused airborne MobileMT survey ("Mobile MagnetoTellurics"). This natural-field EM ("ElectroMagnetic") technology was specifically chosen for its ability to map subsurface resistivity and conductivity to help identify disseminated sulphide mineralization, porphyry alteration, and structure that VTEM ("Versatile Time Domain Electromagnetic") surveys may not detect. Integrating MobileMT data with the existing ground-based IP ('Induced Polarization") and magnetics, will allow GT to develop a comprehensive 3D model to refine the highest-priority drill targets," commented Neil Pettigrew, Vice President of Exploration.
Exploration Plan - Next Steps
2026
The 2026 field season is dedicated to high-resolution data acquisition to refine targets before GT's maiden drilling program at CD, which is located in the Dawson Range Gold Belt, an area of heightened exploration activity in recent years.
An airborne MobileMT ("Mobile MagnetoTellurics") survey will be flown over the Maloney porphyry target mapping subsurface resistivity and conductivity features, to help identify disseminated sulphide mineralization, porphyry-style alteration, and structure - features that may be too subtle for conventional VTEM surveys to detect.
Additionally, field reconnaissance mapping, prospecting, and soil sampling will be undertaken over the Maloney porphyry and Schist vein targets to gain additional understanding of the lithology, alteration, and structure of these areas.
Following the survey and field program, GT will integrate the new data with existing ground-based IP and magnetics to develop a comprehensive 3D model to target the highest priority drill targets.
New MobileMT data integrated with existing datasets will allow GT to improve the definition of Maloney porphyry targets, to reduce the reliance on broadly spaced or conceptual drill testing, and to support more efficient allocation of exploration capital.
2027
GT currently intends to conduct a 2,500 to 3,000 meter diamond drill program. This campaign will be designed to systematically test the gold-rich copper porphyry potential and the high-grade gold-silver vein targets at CD.
CD Property Geology & Targets:
Maloney Target: Similarities to the Gold - Rich Casino Copper Porphyry Deposit
Geology: Similar rock types, ages, alteration and structures (Figure 1 and 2)Lithology & Timing: Gold-copper mineralization is associated with late Cretaceous porphyritic felsic intrusive rocks (Casino / Prospector Mountain suites). These units intrude older Whitehorse Suite granites and Snowcap assemblage gneisses/schists.Structural Control: The intersection of regional northwest and northeast-trending structures, providing dilation for porphyry emplacement.Alteration: Brecciation and veining with widespread potassic and local phyllic+propylitic alteration.Geophysics: Geophysical anomalies coincident with geochemical anomalies (Figure 3).Magnetic Core: A central magnetic high anomaly associated with porphyritic Intrusive rocks and coincident with Cu-in-soil anomaly. Chargeability Halo: An IP chargeability anomaly flanking the core magnetic anomaly coincident with Au-in-soil anomaly.Geochemical Footprint & Historical Validation:CD hosts a 1,200 m x 400 m gold-copper-molybdenum anomaly (Figure 3).Historical drilling (only 6 holes) demonstrated the presence of a mineralized system but notably failed to test the recently defined primary IP and gold in-soil target further to the northeast. Drilling (1970s)0.15% Cu over 15.2 m (hole 76-2)0.09 g/t Au, 0.10% Cu over 21.3 m (hole 76-4)Trenching (1970s)0.43 g/t Au, 0.15% Cu, 196 ppm Mo over 5 m Grab Samples (2011-2018)0.81 g/t Au, below a 632 ppm Au-in-soil sampleSoils (2011-2018) Peak soil values of 1,270 ppm Au, 1,485 ppm Cu, and 42 ppm MoSchist target, an untested vein hosted gold-silver system
UndrilledLarge gold-arsenic in-soil anomaly (2,000m x 500m).1.67 g/t Au over 6.5 meters in historical (2011) trench chip samples.6.29 g/t Au and 7.6 g/t Ag; 2.78 g/t Au and 25.7 g/t Ag in historical (2013-2015) grab samples .Potential similarities to nearby gold-silver Klaza and gold-arsenic Coffee deposits.
Figure 1. (A) Location map of the CD project and nearby projects within the Dawson Range Gold Belt, overlain on the tectonic assemblage map of the Yukon. (B) Regional geology surrounding the CD project with locations of the porphyry (also known as Maloney) and Schist targets, including location of nearby deposits, notably those of similar late Cretaceous age "Casino & Prospector Mountain Suite" (red triangles).
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6502/301938_ef1304c1247dab5f_001full.jpg
Figure 2. Simplified geology of CD's porphyry target compared to the Casino deposit.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6502/301938_ef1304c1247dab5f_002full.jpg
Figure 3. 3D Isometric view looking northwest of CD's porphyry target showing a core defined by an inverted magnetic high (purple) flanked by an IP chargeability high rim (orange). This pattern is interpreted to be a magnetic porphyritic intrusive plunging to the southeast surrounded by an alteration halo, brecciation and veining similar to the mineralized breccia zone which surrounds an unmineralized porphyry intrusive core at the Casino deposit.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6502/301938_ef1304c1247dab5f_003full.jpg
Figure 4. Shist Gold - Silver Target, showing widespread arsenic-in soil anomalies and location of 2011 trenches
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6502/301938_ef1304c1247dab5f_004full.jpg
Geology and Mineralization
The CD Project lies within the Yukon-Tanana terrane (Figure 1), a continental arc that developed along the ancient Pacific margin of North America from the Late Devonian to Permian and is situated between the Tintina Fault to the northeast, and the Denali Fault to the southwest. In the CD Project vicinity, specifically the Maloney target area, the terrane is dominated by the Devonian and older rocks of the Snowcap Assemblage, which is in turn dominated by fine clastic rocks, quartzite and conglomerate, including marble horizons metamorphosed to amphibolite grade. The Snowcap Assemblage has been intruded by numerous intermediate to felsic granitoid batholiths since the early Jurassic, notably in the Casino and CD areas by the voluminous mid-Cretaceous Whitehorse Suite. The Whitehorse Suite intrusive event was followed by a more restricted late Cretaceous Casino / Prospector Mountain Suite (~79-72 million years) felsic intrusive event which is closely associated with mineralization at the Casino and Klaza deposits. (Figure 1 & 2).
Geological mapping and exploration in general at CD has historically been complicated by limited outcrop, surficial cover, loess and deep weathering, typical of parts of the unglaciated Yukon Plateau. From what little outcrop is available, the geology, structure and intrusive relationships at the CD Project have many analogs to the Casino deposit. At Casino a late Cretaceous porphyry (Patton Porphyry) has intruded and brecciated surrounding Snowcap and Whitehorse rocks. This strongly phyllic and potassic altered-breccias which hosts the gold-rich copper mineralization contains abundant disseminated pyrite and chalcopyrite and forms a discrete (~1,800 x 1,000 m) pipe shaped halo surrounding the relatively massive Patton Porphyry (Figure 2). At CD, mapping indicates similar relationships with both Snowcap and Whitehorse suite rocks intruded by late Casino / Prospector suite age (75 million years) porphyritic rocks with widespread potassic and phyllic alteration and local brecciation. Geophysical data at CD displays a similar geometry to Casino with a magnetic core interpreted to represent a porphyry plug plunging to the southeast flanked by an IP chargeability rim (Figure 3).
Another style of mineralization present at CD is the vein hosted gold-silver mineralization present at the Schist target (Figure 4). Less is known about this style of mineralization, and no drilling has every been conducted. The mineralization at Schist may be related to the nearby, younger Klaza-style vein hosted gold-silver-lead-zinc deposit or the older Coffee-style disseminated gold-arsenic deposit (Figure 1). The Schist target comprises gold, silver and arsenic bearing veins in hydrothermally altered metamorphic rocks. Mineralization within the veins consists of fine-grained disseminated pyrite and arsenopyrite with manganese oxide, limonite and sericite alteration. The Schist target contains a widespread (2,000 x 500 m) gold and arsenic-in-soil anomaly and numerous placer mining claims have recently been staked in the area.
Structurally, CD, Casino and Klaza are all located near the intersection of large-scale northwest and smaller scale northeast structures which may provide dilation for late Cretaceous porphyry intrusions and/or hydrothermal vein formation.
References
Paulter, J., 2018. Technical Report on the CD Project in the Dawson Range Copper - Gold belt, Yukon territory for Strategic Metals Ltd.
Roth, D., Hester, M., Marek, J.M., Tahija, L.M., Schulze, C., Friedman, D., Weston, S., 2022. Casino Project Form 43-101F1 Technical Report, Feasibility Study, Yukon, Canada.
Qualified Person
The technical information in this release has been reviewed and approved by Neil Pettigrew, M.Sc., P.Geo., Vice President of Exploration and a director of the Company and the Qualified Person as defined by National Instrument 43-101.
About GT Resources
GT Resources Inc. (TSXV: GT) (OTCQB: CGTRF) (FSE: 7N1) is a mineral exploration company focused on the discovery and de-risking of district-scale assets in top tier mining jurisdictions. The Company's strategy is driven by a disciplined, science-based methodology designed to create shareholder value by advancing high-potential properties toward production within robust regulatory frameworks.
In Finland, the Company is advancing its flagship Läntinen Koillismaa ("LK") Project, which hosts significant mineral resources including palladium, platinum, gold, copper, and nickel. In Canada, GT maintains a portfolio of earlier-stage, pre-resource projects targeting critical and precious metals. The quality and scale of the Company's project portfolio has attracted strategic investment from Glencore plc, one of the world's largest diversified natural resource companies.
Follow GT Resources on LinkedIn, Twitter, and at https://gtresourcesinc.com/.
ON BEHALF OF THE BOARD
"Derrick Weyrauch"
President & CEO, Director
For further information contact:
Derrick Weyrauch, President & CEO or Neil Pettigrew, Vice President Exploration
Email: [email protected]
Neither the TSX Venture Exchange nor its Market Regulator (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release is not an offer or a solicitation of an offer of securities for sale in the United States of America. The common shares of GT Resources Inc. have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration.
Information set forth in this press release may contain forward-looking statements. Forward-looking statements are statements that relate to future, not past events. In this context, forward-looking statements often address a company's expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, risks associated with project development; the need for additional financing; operational risks associated with mining and mineral processing; fluctuations in mineral and commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; the absence of dividends; competition; dilution; the volatility of our common share price and volume; and the impact of governmental entities. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change. Investors are cautioned against attributing undue certainty to forward-looking statements.
Mineralization at Casino is not necessarily indicative of mineralization at the CD project.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/301938
Source: GT Resources Inc.
Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.
"Fast Is In Us" positions company to lead the performance category as it celebrates the legacy of Eagle tires
Goodyear gallops into official campaign launch at the Kentucky Derby
, /PRNewswire/ -- Goodyear (NASDAQ: GT), on a bold mission to become No. 1 in tires and service, today launched Fast Is In Us, a global campaign celebrating the legendary Eagle performance tire family as one of the most iconic names in performance driving.
Debuting at the Kentucky Derby, the campaign marks the next chapter in Goodyear's brand resurgence following last year's STILL campaign, which leveraged the brand's iconic status, reminding audiences that not all tires are born equal. Fast Is In Us builds on that momentum.
Goodyear, on a bold mission to become No. 1 in tires and service, today launched Fast Is In Us, a global campaign celebrating the legendary Eagle performance tire family as one of the most iconic names in performance driving.
Goodyear, on a bold mission to become No. 1 in tires and service, today launched Fast Is In Us, a global campaign celebrating the legendary Eagle performance tire family as one of the most iconic names in performance driving.
Goodyear, on a bold mission to become No. 1 in tires and service, today launched Fast Is In Us, a global campaign celebrating the legendary Eagle performance tire family as one of the most iconic names in performance driving.
Goodyear, on a bold mission to become No. 1 in tires and service, today launched Fast Is In Us, a global campaign celebrating the legendary Eagle performance tire family as one of the most iconic names in performance driving.
"The performance car category is growing, and the drivers entering it want tires worth bragging about," said Mark Stewart, Goodyear Chief Executive Officer and President. "Eagle has more than four decades of credibility in performance and racing, and Fast Is In Us puts that legacy back to work—re‑establishing Eagle as the tire knowledgeable drivers choose when performance truly matters. This campaign reflects how we're building Goodyear for the future: leading with premium products, authentic performance, and brands that mean something."
Fast Isn't a Number. It's an Obsession.
Fast Is In Us goes beyond traditional ideas of speed. The campaign celebrates the people who are wired to love cars: the design, the engineering, the feel through the wheel, the moment when everything clicks and a car comes alive.
J.J. Kraft, VP Global Creative at Goodyear said "Eagle isn't a product line — it's a piece of car culture. Fast Is In Us is a comprehensive platform built to put Eagle back at the center of that enthusiasm. It expresses performance through feel and confidence behind the wheel, not just numbers on a page. It stands as one global campaign idea with the range to live across motorsport, retail, and culture, and the ambition to lead the category, not chase it."
"For these drivers, Eagle is more than a tire, it's a badge of devotion for drivers who respect the craft behind performance and demand confidence, responsiveness, and control every time they drive. Fast, in this world, isn't something you switch on. It's something you live," Kraft added.
Performance That's Earned, Not Claimed
Fast Is In Us is grounded in Eagle's decades‑long performance pedigree, shaped in elite motorsport environments and refined through high‑performance automotive partnerships and award-winning products such as the Eagle F1 Asymmetric 6, Eagle F1 SuperSport and Eagle F1 All Season. Eagle tires are designed by those who understand performance as something you feel, not something you claim.
After 45 years, millions of drivers, and a legacy built on performance, Eagle enters its next era with a simple belief: Fast isn't new to us. It's the way we're built.
A Campaign Built to Lead, Not Follow
Fast Is In Us marks Goodyear's first global campaign built around a family of performance tires, inviting drivers to live and breathe Eagle as a performance philosophy, not a one‑off product. Designed as a multi‑phased, multi‑year platform, the campaign will roll out globally across premium TV, out‑of‑home, digital, social, and cultural moments—guided by a single ambition: to make Eagle impossible to ignore.
Launching at the Kentucky Derby, the campaign makes its debut as the Goodyear Blimp flies overhead with the line: "Did someone say horsepower?" across campaign assets. A playful nod to one of America's most iconic sporting moments, the message blends performance, heritage and confidence.
Following launch, Goodyear will take Fast Is In Us into the heart of global performance culture, integrating with major moments such as the 24 Hours of Le Mans and other elite racing and enthusiast events around the world.
With Fast Is In Us, Goodyear isn't introducing Eagle to a new audience—it's reminding performance drivers why it belonged with them in the first place.
The campaign was created in collaboration with Publicis P1T Crew, creatively led by BBH USA.
For more information, visit https://www.goodyear.com/en-us/tires/by-brand/goodyear/eagle
About The Goodyear Tire & Rubber Company
Goodyear is one of the world's largest tire companies. It employs about 63,000 people and manufactures its products in 49 facilities in 19 countries around the world. Its two Innovation Centers in Akron, Ohio, and Colmar-Berg, Luxembourg, strive to develop state-of-the-art products and services that set the technology and performance standard for the industry. For more information about Goodyear and its products, go to www.goodyear.com/corporate.
EMEA and Asia Pacific results strengthened; Goodyear Forward delivered $107 million of benefits
, /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ:GT) reported first quarter 2026 results today and the company will host an investor call tomorrow morning, Thursday, May 7, at 8:30 a.m. Eastern time led by Mark Stewart, Goodyear's chief executive officer and president, and Christina Zamarro, the company's executive vice president and chief financial officer.
"The first quarter reflected a challenging environment, marked by weak consumer industry demand in both OE and replacement across the majority of our key geographies," said Stewart. "Despite a weak environment, our first quarter results were in line with our expectations and reflect our commitment to drive value for our brands in the marketplace, where we offer world-class differentiated products and services."
"Looking ahead, increased pressure on industry demand and higher raw material costs stemming from the conflict in the Middle East require that we continue to take meaningful actions to strengthen our cost structure," added Stewart. "We have consistently demonstrated a strong capability in driving cost transformation. We expect to deliver further savings to position the company for long term value creation."
Financial Results
Goodyear's first quarter 2026 net sales were $3.9 billion, with tire unit volumes totaling 34.0 million. First quarter 2026 Goodyear net loss was $249 million, or $0.86 per share, compared to Goodyear net income one year ago of $115 million, or $0.40 per share. First quarter 2026 included several significant items, including, on a pre-tax basis, rationalization charges of $104 million. This significant item, and others, are excluded from adjusted earnings.
First quarter 2026 adjusted net loss was $112 million compared to adjusted net loss of $11 million in the prior year's quarter. Adjusted loss per share was $0.39 compared to $0.04 in the prior year's quarter. Per share amounts are diluted.
Segment Results
The company reported segment operating income of $95 million in the first quarter of 2026, compared to $195 million from one year ago. Segment operating income includes a $46 million benefit from a tariff adjustment following a recent U.S. Supreme Court decision.
After adjusting for the sales of its Chemical business and the Dunlop brand, segment operating income decreased $63 million. The decrease in segment operating income reflects higher inflation and other costs of $163 million and the impact of lower volume of $159 million, partially offset by benefits from Goodyear Forward of $107 million, favorable price/mix versus raw material costs of $103 million and an IEEPA tariff adjustment of $46 million.
Additional earnings materials can be found on Goodyear's investor relations website at http://investor.goodyear.com.
Reconciliation of Non-GAAP Financial Measures
See "Non-GAAP Financial Measures" and "Financial Tables" for further explanation and reconciliation tables for historical Total Segment Operating Income and Margin; Adjusted Net Income (Loss); and Adjusted Diluted Earnings per Share, reflecting the impact of certain significant items on the 2026 and 2025 periods.
Business Segment Results
AMERICAS
First Quarter
(In millions)
2026
2025
Tire Units
15.3
18.4
Net Sales
$2,063
$2,502
Segment Operating Income
$37
$155
Segment Operating Margin
1.8 %
6.2 %
Americas' first quarter 2026 net sales of $2.1 billion were 17.5% lower than the previous year, driven by a decline in consumer replacement volume and the sale of the Chemical business. Tire unit volume decreased 17.0%. Replacement tire unit volume decreased 23.2%, driven by weak industry conditions in North America. Replacement volumes reflect lower sell-in industry volume, increased competitive promotional activity and the planned rationalization of lower-tier product offerings. Original equipment tire unit volume increased 8.2%, reflecting strong consumer market share gains. Similar to prior quarters, Commercial industry volume was lower in both OE and replacement given a prolonged industry downturn.
Segment operating income of $37 million decreased $118 million from last year. Excluding the impact of the sale of the Chemical business, Americas' segment operating income decreased $87 million driven by the impact of lower volume, general inflation and higher other costs, partially offset by Goodyear Forward benefits, the expected IEEPA tariff refund, and price/mix versus raw materials.
EMEA
First Quarter
(In millions)
2026
2025
Tire Units
11.2
12.3
Net Sales
$1,363
$1,277
Segment Operating Income (Loss)
$1
$(5)
Segment Operating Margin
0.1 %
(0.4) %
EMEA's first quarter 2026 net sales of $1.4 billion increased 6.7% from first quarter 2025, driven by benefits from currency and price/mix, partly offset by lower tire volume, inclusive of the sale of the Dunlop brand. Replacement unit volume decreased 15.2%, driven by market weakness in the E.U., increased competition and the planned rationalization of lower-tier product offerings. Original equipment tire unit volume increased 8.1%, reflecting strong consumer market share gains.
First quarter segment operating income of $1 million increased $6 million from the prior year. Excluding the impact of the sale of the Dunlop brand, EMEA's segment operating income increased $13 million driven by benefits from price/mix versus raw materials and Goodyear Forward, partly offset by higher costs and inflation.
ASIA PACIFIC
First Quarter
(In millions)
2026
2025
Tire Units
7.5
7.8
Net Sales
$455
$474
Segment Operating Income
$57
$45
Segment Operating Margin
12.5 %
9.5 %
Asia Pacific's first quarter 2026 net sales of $455 million were 4.0% lower than the previous year, as a result of lower volume. Tire unit volume decreased 3.8%, driven by weak OE industry demand in China.
First quarter 2026 segment operating income of $57 million was $12 million higher than the prior year driven by benefits from price/mix versus raw materials and Goodyear Forward, partly offset by the impact of lower volume.
Conference Call
The company will host an investor call on Thursday, May 7, 2026, at 8:30 a.m. Eastern time. Please visit Goodyear's investor relations website: http://investor.goodyear.com, for additional earnings materials.
The investor call can be accessed on the website or via telephone by calling either (800) 579-2543 or (785) 424-1789 before 8:25 a.m. Eastern time and providing the conference ID "Goodyear." A replay will be available by calling (800) 839-2394 or (402) 220-7207. The replay will also be available on Goodyear's investor relations website.
About Goodyear
Goodyear is one of the world's largest tire companies. It employs about 63,000 people and manufactures its products in 49 facilities in 19 countries around the world. Its two Innovation Centers in Akron, Ohio, and Colmar-Berg, Luxembourg, strive to develop state-of-the-art products and services that set the technology and performance standard for the industry. For more information about Goodyear and its products, go to www.goodyear.com/corporate.
Forward-Looking Statements
Certain information contained in this news release constitutes forward-looking statements for purposes of the safe harbor provisions of The Private Securities Litigation Reform Act of 1995. There are a variety of factors, many of which are beyond our control, that affect our operations, performance, business strategy and results and could cause our actual results and experience to differ materially from the assumptions, expectations and objectives expressed in any forward-looking statements. These factors include, but are not limited to: our ability to implement successfully our strategic initiatives; actions and initiatives taken by both current and potential competitors; increases in the prices paid for raw materials and energy; inflationary cost pressures; delays or disruptions in our supply chain or the provision of services to us; a prolonged economic downturn or period of economic uncertainty; deteriorating economic conditions or an inability to access capital markets; a labor strike, work stoppage, labor shortage or other similar event; financial difficulties, work stoppages, labor shortages or supply disruptions at our suppliers or customers; the adequacy of our capital expenditures; changes in tariffs, trade agreements or trade restrictions; uncertainty regarding the timing and amount of any IEEPA tariff refund; foreign currency translation and transaction risks; our failure to comply with a material covenant in our debt obligations; potential adverse consequences of litigation involving the company; as well as the effects of more general factors such as changes in general market, economic or political conditions or in legislation, regulation or public policy. Additional factors are discussed in our filings with the Securities and Exchange Commission, including our annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K. In addition, any forward-looking statements represent our estimates only as of today and should not be relied upon as representing our estimates as of any subsequent date. While we may elect to update forward-looking statements at some point in the future, we specifically disclaim any obligation to do so, even if our estimates change.
Non-GAAP Financial Measures (unaudited)
This news release presents non-GAAP financial measures, including Total Segment Operating Income and Margin, Adjusted Net Income (Loss), and Adjusted Diluted Earnings Per Share (EPS), which are important financial measures for the company but are not financial measures defined by U.S. GAAP, and should not be construed as alternatives to corresponding financial measures presented in accordance with U.S. GAAP.
Total Segment Operating Income is the sum of the individual strategic business units' (SBUs') Segment Operating Income as determined in accordance with U.S. GAAP. Total Segment Operating Margin is Total Segment Operating Income divided by Net Sales as determined in accordance with U.S. GAAP. Management believes that Total Segment Operating Income and Margin are useful because they represent the aggregate value of income created by the company's SBUs and exclude items not directly related to the SBUs for performance evaluation purposes. The most directly comparable U.S. GAAP financial measures to Total Segment Operating Income and Margin are Goodyear Net Income (Loss) and Return on Net Sales (which is calculated by dividing Goodyear Net Income (Loss) by Net Sales).
Adjusted Net Income (Loss) is Goodyear Net Income (Loss) as determined in accordance with U.S. GAAP adjusted for certain significant items. Adjusted Diluted Earnings Per Share (EPS) is the company's Adjusted Net Income (Loss) divided by Weighted Average Shares Outstanding-Diluted as determined in accordance with U.S. GAAP. Management believes that Adjusted Net Income (Loss) and Adjusted Diluted Earnings Per Share (EPS) are useful because they represent how management reviews the operating results of the company excluding the impacts of rationalizations, asset write-offs, accelerated depreciation, impairments, asset sales and certain other significant items.
It should be noted that other companies may calculate similarly-titled non-GAAP financial measures differently and, as a result, the measures presented herein may not be comparable to such similarly-titled measures reported by other companies. See the following tables for reconciliations of historical Total Segment Operating Income and Margin, Adjusted Net Income (Loss) and Adjusted Diluted Earnings Per Share to the most directly comparable U.S. GAAP financial measures.
The Goodyear Tire & Rubber Company and Subsidiaries
Financial Tables (Unaudited)
Table 1: Consolidated Statements of Operations
Three Months Ended
March 31,
(In millions, except per share amounts)
2026
2025
Net Sales
$ 3,881
$ 4,253
Cost of Goods Sold
3,188
3,513
Selling, Administrative and General Expense
668
650
Rationalizations
104
81
Interest Expense
95
115
Other (Income) Expense
9
25
Net (Gain) Loss on Asset Sales
(3)
(262)
Income (Loss) before Income Taxes
(180)
131
United States and Foreign Tax Expense
66
13
Net Income (Loss)
(246)
118
Less: Minority Shareholders' Net Income (Loss)
3
3
Goodyear Net Income (Loss)
$ (249)
$ 115
Goodyear Net Income (Loss) — Per Share of Common Stock
Basic
$ (0.86)
$ 0.40
Weighted Average Shares Outstanding
288
287
Diluted
$ (0.86)
$ 0.40
Weighted Average Shares Outstanding
288
289
Table 2: Consolidated Balance Sheets
March 31,
December 31,
(In millions, except share data)
2026
2025
Assets:
Current Assets:
Cash and Cash Equivalents
$ 723
$ 801
Accounts Receivable, less Allowance — $84 ($89 in 2025)
2,602
2,341
Inventories:
Raw Materials
606
616
Work in Process
202
195
Finished Products
3,055
2,761
3,863
3,572
Assets Held for Sale
6
58
Prepaid Expenses and Other Current Assets
452
446
Total Current Assets
7,646
7,218
Goodwill
43
42
Intangible Assets
658
663
Deferred Income Taxes
345
348
Other Assets
1,101
1,096
Operating Lease Right-of-Use Assets
987
998
Property, Plant and Equipment, less Accumulated Depreciation — $12,486 ($12,390 in 2025)
7,689
7,843
Total Assets
$ 18,469
$ 18,208
Liabilities:
Current Liabilities:
Accounts Payable — Trade
$ 3,754
$ 3,879
Compensation and Benefits
559
578
Other Current Liabilities
1,134
1,259
Notes Payable and Overdrafts
483
506
Operating Lease Liabilities due Within One Year
199
196
Long Term Debt and Finance Leases due Within One Year
1,226
364
Total Current Liabilities
7,355
6,782
Operating Lease Liabilities
848
862
Long Term Debt and Finance Leases
5,276
5,328
Compensation and Benefits
763
787
Deferred Income Taxes
102
105
Other Long Term Liabilities
951
941
Total Liabilities
15,295
14,805
Commitments and Contingent Liabilities
Shareholders' Equity:
Goodyear Shareholders' Equity:
Common Stock, no par value:
Authorized, 450 million shares, Outstanding shares — 287 million in 2026 (286 million in 2025)
287
286
Capital Surplus
3,175
3,175
Retained Earnings
3,111
3,360
Accumulated Other Comprehensive Loss
(3,569)
(3,588)
Goodyear Shareholders' Equity
3,004
3,233
Minority Shareholders' Equity — Nonredeemable
170
170
Total Shareholders' Equity
3,174
3,403
Total Liabilities and Shareholders' Equity
$ 18,469
$ 18,208
Table 3: Consolidated Statements of Cash Flows
Three Months Ended
March 31,
(In millions)
2026
2025
Cash Flows from Operating Activities:
Net Income (Loss)
$ (246)
$ 118
Adjustments to Reconcile Net Income (Loss) to Cash Flows from Operating Activities:
Depreciation and Amortization
239
270
Amortization and Write-Off of Debt Issuance Costs
3
6
Provision for Deferred Income Taxes
(2)
(31)
Net Pension Curtailments and Settlements
—
4
Net Rationalization Charges
104
81
Rationalization Payments
(83)
(65)
Net (Gain) Loss on Asset Sales
(3)
(262)
Operating Lease Expense
74
78
Operating Lease Payments
(69)
(71)
Pension Contributions and Direct Payments
(10)
(41)
Changes in Operating Assets and Liabilities, Net of Asset Acquisitions and Dispositions:
Accounts Receivable
(275)
(431)
Inventories
(294)
(365)
Accounts Payable — Trade
(81)
46
Compensation and Benefits
(8)
(28)
Other Current Liabilities
(77)
95
Other Assets and Liabilities
10
58
Total Cash Flows from Operating Activities
(718)
(538)
Cash Flows from Investing Activities:
Capital Expenditures
(175)
(259)
Asset Dispositions
1
720
Other Transactions
—
(29)
Total Cash Flows from Investing Activities
(174)
432
Cash Flows from Financing Activities:
Short Term Debt and Overdrafts Incurred
225
409
Short Term Debt and Overdrafts Paid
(245)
(535)
Long Term Debt Incurred
2,220
5,951
Long Term Debt Paid
(1,393)
(5,627)
Other Transactions
13
13
Total Cash Flows from Financing Activities
820
211
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash
3
9
Net Change in Cash, Cash Equivalents and Restricted Cash
(69)
114
Cash, Cash Equivalents and Restricted Cash at Beginning of the Period
910
864
Cash, Cash Equivalents and Restricted Cash at End of the Period
$ 841
$ 978
Table 4: Reconciliation of Segment Operating Income & Margin
Three Months Ended
March 31,
(In millions)
2026
2025
Total Segment Operating Income
$ 95
$ 195
Less:
Rationalizations
104
81
Interest Expense
95
115
Other (Income) Expense
9
25
Net (Gain) Loss on Asset Sales
(3)
(262)
Asset Write-Offs, Accelerated Depreciation, and Accelerated Lease Costs, net
16
46
Corporate Incentive Compensation Plans
23
16
Retained Expenses of Divested Operations
3
5
Other
28
38
Income (Loss) before Income Taxes
$ (180)
$ 131
United States and Foreign Tax Expense
66
13
Less: Minority Shareholders' Net Income (Loss)
3
3
Goodyear Net Income (Loss)
$ (249)
$ 115
Net Sales
$ 3,881
$ 4,253
Return on Net Sales
(6.4) %
2.7 %
Total Segment Operating Margin
2.4 %
4.6 %
Table 5: Reconciliation of Adjusted Net Income (Loss) and Adjusted Diluted Earnings Per Share
First Quarter 2026
(In millions, except per share amounts)
As Reported
Rationalizations,
Asset Write-offs,
Accelerated
Depreciation and
Leases
Indirect Tax
Settlements and
Discrete Tax Items
Asset and
Other Sales
As Adjusted
Net Sales
$ 3,881
$ —
$ —
$ —
$ 3,881
Cost of Goods Sold
3,188
(16)
(8)
—
3,164
Gross Margin
693
16
8
—
717
SAG
668
—
—
—
668
Rationalizations
104
(104)
—
—
—
Interest Expense
95
—
—
—
95
Other (Income) Expense
9
—
—
—
9
Net (Gain) Loss on Asset Sales
(3)
—
—
3
—
Pre-tax Income (Loss)
(180)
120
8
(3)
(55)
Taxes
66
8
(21)
—
53
Minority Interest
3
1
—
—
4
Goodyear Net Income (Loss)
$ (249)
$ 111
$ 29
$ (3)
$ (112)
EPS
$ (0.86)
$ 0.38
$ 0.10
$ (0.01)
$ (0.39)
First Quarter 2025
(In millions, except per share amounts)
As
Reported
Rationalizations,
Asset Write-offs,
Accelerated
Depreciation
and Leases
CEO Mark Stewart says that pressure on demand, as well as input cost inflation from the war in Iran, “require that we continue to take meaningful actions to strengthen our cost structure.”
For the quarter ended March 2026, Goodyear (GT - Free Report) reported revenue of $3.88 billion, down 8.8% over the same period last year. EPS came in at -$0.39, compared to -$0.04 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $3.86 billion, representing a surprise of +0.49%. The company delivered an EPS surprise of +19.72%, with the consensus EPS estimate being -$0.49.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Goodyear performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Tire units - Americas: 15.3 million versus the two-analyst average estimate of 15.92 million.Tire units - Asia Pacific Tire: 7.5 million versus 7.37 million estimated by two analysts on average.Tire units - Europe Middle East and Africa Tire: 11.2 million compared to the 11.26 million average estimate based on two analysts.Tire units - Total: 34 million compared to the 34.55 million average estimate based on two analysts.Net Sales- Americas: $2.06 billion versus the two-analyst average estimate of $2.19 billion.Net Sales- Asia Pacific: $455 million compared to the $419.12 million average estimate based on two analysts.Net Sales- Europe, Middle East and Africa: $1.36 billion versus $1.24 billion estimated by two analysts on average.View all Key Company Metrics for Goodyear here>>>
Shares of Goodyear have returned +5.7% over the past month versus the Zacks S&P 500 composite's +10.3% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
Goodyear (GT - Free Report) came out with a quarterly loss of $0.39 per share versus the Zacks Consensus Estimate of a loss of $0.49. This compares to a loss of $0.04 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +19.72%. A quarter ago, it was expected that this tire maker would post earnings of $0.45 per share when it actually produced earnings of $0.39, delivering a surprise of -13.33%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Goodyear, which belongs to the Zacks Rubber - Tires industry, posted revenues of $3.88 billion for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 0.49%. This compares to year-ago revenues of $4.25 billion. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Goodyear shares have lost about 19.2% since the beginning of the year versus the S&P 500's gain of 6%.
What's Next for Goodyear?While Goodyear has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Goodyear was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is -$0.17 on $4.3 billion in revenues for the coming quarter and $0.29 on $17.93 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Rubber - Tires is currently in the bottom 1% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the broader Zacks Auto-Tires-Trucks sector, Fox Factory Holding (FOXF - Free Report) , is yet to report results for the quarter ended March 2026. The results are expected to be released on May 7.
This vehicle suspension maker is expected to post quarterly earnings of $0.09 per share in its upcoming report, which represents a year-over-year change of -60.9%. The consensus EPS estimate for the quarter has been revised 6.2% lower over the last 30 days to the current level.
Fox Factory Holding's revenues are expected to be $352.9 million, down 0.6% from the year-ago quarter.
Key Takeaways Goodyear posted a narrower Q1 loss as tariff benefits and cost savings offset weaker demand.GT Americas sales fell 17.5% as weak replacement demand and destocking hurt tire volumes.GT raised its 2026 Goodyear Forward savings target to about $325 million amid cost pressure. The Goodyear Tire & Rubber Company (GT - Free Report) incurred an adjusted loss of 39 cents per share in the first quarter of 2026, narrower than the Zacks Consensus Estimate of a loss of 49 cents. The company delivered a 19.72% earnings surprise, though the figure deteriorated from the year-ago quarter’s adjusted loss of 4 cents per share.
Net sales were $3.88 billion, down 8.8% year over year but slightly above the Zacks Consensus Estimate of $3.86 billion, representing a 0.49% revenue surprise.
Tire unit volumes fell 11.6% to 34 million, reflecting weaker demand and lower shipments to customers.
GT Segment Profit Slips on Volume & CostsTotal segment operating income fell to $95 million from $195 million a year ago due to weaker demand and higher costs. The company faced pressure from lower sales volumes and inflation-related expenses, though some of the impact was offset by price increases and better operational execution.
The quarter was supported by a $46 million IEEPA tariff-related benefit and $107 million in savings from the Goodyear Forward program. Better pricing and product mix relative to raw material costs also helped, but these gains were not enough to fully offset the impact of weaker sales volumes and higher overall costs.
Goodyear Americas Weakness Offsets Mix GainsGT’s Americas segment reported net sales of $2.06 billion, down 17.5% year over year, while tire unit volumes declined 17% to 15.3 million. Results were hurt by weaker consumer replacement demand, channel destocking, tougher competition and the planned reduction of lower-tier products.
Segment operating income in the region fell to $37 million from $155 million a year ago, while margin narrowed to 1.8% from 6.2%. Profitability was hurt by weaker market conditions and higher costs, with savings from the Goodyear Forward program and pricing actions only partially offsetting the pressure.
GT EMEA Improves on Pricing and Currency BenefitsGoodyear’s EMEA business performed relatively better, with sales rising 6.7% year over year to $1.36 billion even though tire volumes fell 8.5% to 11.2 million units. Higher prices, a better product mix and favorable currency impact helped offset weak market demand and lower sales of lower-tier products.
Segment operating income improved to $1 million from a loss of $5 million a year ago, lifting margin to 0.1% from negative 0.4%. The region also continued to gain market share in original equipment, supporting a better product mix despite uneven demand conditions.
Goodyear Asia Pacific Delivers Margin ExpansionGoodyear’s Asia Pacific business generated net sales of $455 million, down 4% year over year, as tire units dipped 3.8% to 7.5 million. The company said weaker demand from automakers in China hurt results, especially after government incentives were reduced.
Even with softer volume, segment operating income increased to $57 million from $45 million, and margin expanded to 12.5% from 9.5%. The improvement was driven by strong demand for premium products, better pricing relative to raw material costs, and savings from the Goodyear Forward program in the region.
GT Cash Usage Rises Amid Working Capital SwingsSelling, general & administrative expenses increased to $668 million from $650 million in the year-ago period.
Goodyear had cash and cash equivalents of $723 million as of March 31, 2026, down from $801 million reported as of Dec. 31, 2025.
Operating cash flow was negative at $718 million as of March 31, 2026, compared to negative $538 million recorded as of March 31, 2025, mainly due to weaker earnings and higher working capital requirements during the quarter.
Long-term debt and finance leases amounted to $5.28 billion as of March 31, 2026, down from $5.33 billion as of Dec. 31, 2025.
Capital expenditure for first-quarter 2026 was $175 million, down from $259 million reported as of March 31, 2025.
The company’s liquidity position remains under pressure as the first quarter typically uses significant cash and Goodyear continues to spend on restructuring and investments.
Goodyear Outlook Calls for Forward BenefitsGoodyear is relying on cost cuts and a better product mix to deal with weak demand and changing costs. The company expects about $90 million in savings from the Goodyear Forward program in the second quarter of 2026 and increased its full-year 2026 savings target to around $325 million.
For the second quarter of 2026, Goodyear expects about $50 million in benefits from pricing and product mix and around $100 million in raw material savings, though these gains are expected to be offset by roughly $200 million in higher inflation, tariffs, and other costs.
For full-year 2026, the company expects capital spending of about $725 million (previous estimate: $825 million). Interest expense is expected to be around $425 million. Depreciation and amortization are expected to be approximately $915 million.
GT currently has a Zacks Rank #5 (Strong Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Key Releases From Auto SpaceAutoliv, Inc. (ALV - Free Report) reported first-quarter 2026 results on April 17. It posted adjusted earnings of $2.05 per share, which declined 4.7% year over year but surpassed the Zacks Consensus Estimate of $1.77 by 15.8%. Net sales were $2.75 billion, up 6.8% from the year-ago quarter’s level. The figure beat the Zacks Consensus Estimate of $2.63 billion by 4.52%.
Autoliv ended the quarter with cash and cash equivalents of $342 million compared with $322 million a year earlier. Long-term debt was $1.7 billion compared with $1.56 billion in the year- ago period. Shareholder returns continued through dividends. Autoliv paid a cash dividend of 87 cents per share in the quarter, with total dividend payments of $65 million.
Genuine Parts Company (GPC - Free Report) reported its first-quarter 2026 results on April 21. It posted adjusted earnings of $1.77 per share, which missed the Zacks Consensus Estimate of $1.81 by 1.94%. The bottom line improved 1.1% from the year-ago quarter’s adjusted earnings of $1.75 per share.
The company posted revenues of $6.27 billion, which beat the Zacks Consensus Estimate of $6.17 billion by 1.5% and increased 6.8% year over year. The performance was driven by solid sales growth across business segments and a 20-basis-point improvement in gross margin to 37.3%.
GPC’s total liquidity was $1.3 billion as of March 31, 2026, including $500 million in cash and $838 million of revolver capacity. During the quarter, GPC invested $98 million in capex and $14 million in acquisitions while returning $142 million to shareholders via dividends. For 2026, the company targets $450-$500 million in capex and $300-$350 million in M&A, with approximately 7.5 million shares remaining under its repurchase authorization.
Toronto, Ontario--(Newsfile Corp. - May 11, 2026) - GT Resources Inc. (TSXV: GT) (OTCQB: CGTRF) (FSE: 7N1) (the "Company" or "GT") is pleased to report results from it's nickel re-assay and infill sampling program on the Läntinen Koillismaa ("LK") Copper - Nickel - Palladium - Platinum Project, located in northcentral Finland.
Highlights
The Company has completed an extensive nickel re-assay (4,588 samples) and infill sampling (516 samples) program of historic drill core form the Kaukau Zone of the LK deposit. This program was undertaken to standardize the analytical techniques used in the Kaukua Deposit and to expand and better define mineralization.
A ~38% increased nickel grade was realized using the four acid digestion method compared to the historic aqua regia method for a 0.10% Nickel grade sample. The increased grade is slightly better than expected results based on prior testing.
The improved grades will have a positive effect on future mineral resource estimates at the Kaukua Deposit. With the re-assay testing complete, we now have both the Kaukua and Kaukua South Deposits fully analysed with the same analytical technique thereby providing consistency for future studies.
Previous operators sporadically sampled portions of the deposit thus an incomplete dataset was utilized in preparing the current NI 43-101 Mineral Resource Estimate, the unsampled intervals were assigned zero grade. To generate a complete dataset the Company conducted an infill assay program.
Infill results revealed several samples grading from 0.05 to 0.30 g/t Palladium. Infill results frequently extended the width of the originally reported mineralized intersection by more than 10 meters (e.g. Holes KAU-09-041 and KAU08-031). While lower grade, new broader mineralized sections provide the opportunity to reduce waste material that would otherwise be mined and increase processed tonnage.
Expanded Intersection Infill and Ni re-assays, hole KAU09-041
0.44 g/t TPM (Total Precious Metal) (0.11 g/t Platinum, 0.30 g/t Palladium, and 0.02 g/t Gold), 0.05% Cu, 0.13% Ni over 47.15 meters from 35.50 to 82.65 meters down hole Original intersection, hole KAU09-041
0.79 g/t TPM (0.20 g/t Platinum, 0.55 g/t Palladium, and 0.04 g/t Gold), 0.09% Cu, 0.09% Ni over 21.50 meters from 35.50 to 57.00 meters down hole. Expanded Intersection with Infill and Ni re-assays, hole KAU08-031
0.22 g/t TPM (0.05 g/t Platinum, 0.15 g/t Palladium, and 0.02 g/t Gold), 0.3% Cu, 0.14% Ni over 31.70 meters from 163.70 to 195.00 metes down hole Original intersection, hole KAU08-031
0.37 g/t TPM (0.08 g/t Platinum, 0.27 g/t Palladium, and 0.02 g/t Gold), 0.05% Cu, 0.08% Ni over 11.70 meters from 163.30 to 175.00 meters downhole.Neil Pettigrew, Vice President Exploration, commented "The LK Project, represents the Company's most advanced project having a Palladium -Platinum - Copper dominated NI 43-101 open pit Resource Estimate (Table 1a & 1b, see April 25, 2022 news release) and is well positioned to supply the European Union with critical minerals, notably copper, palladium and platinum, of which Finland is heavily dependant on imports with only one producing mine (Boliden's Kevitsa Mine). Boliden also operates both copper and nickel smelters in Finland, thereby providing LK a potential competitive logistical advantage."
Indicated Resources:1.1 Million ounces Total Precious Metals (Palladium + Platinum + Gold) ("TMP"),111 Million pounds of Copper,92 Million pounds of Nickel, contained in 38.2 million tonnes.Inferred Resources:1.1 Million ounces TMP,173 Million Pounds Copper,152 Million Pounds Nickel, contained in 49.7 million tonnes.The LK project remains open for expansion laterally and at depth, notably along the 17-km long Haukiaho Trend which represents the nearest term expansion potential (Figure 1). The Haukiaho Deposit currently occupies only 2 kilometers of this trend. Historic drilling along this trend, primarily by Outokumpu in the 1960's was only sampled for copper and nickel, partial resampling of historic drill core by the Company in 2022 (see July 20, 2022 news release) returned significant platinum and palladium grades.
Mineral Resource Estimate dated April 25, 2022:
Table 1a. 2022 LK MRE
MINERAL RESOURCE ESTIMATE - April 2022Tonnes & Grade
Tonnes (Mt)PdPtAuTPMCuNiCo(g/t)(g/t)(g/t)(g/t)(%)(%)(g/t)Indicated
Kaukua Area38.20.610.220.070.890.130.1164.56Inferred
Kaukua Area +Murtolampi30.80.520.200.080.800.140.1486.07Haukiaho18.90.270.110.100.480.180.1454.30Total Inf.49.70.430.170.090.680.160.1473.98Table 1b: 2022 LK MRE In-situ contained metal
MINERAL RESOURCE ESTIMATE - April 2022Contained Metal
PdPtAuTPM CuNiCo(M oz)(M oz)(M oz)(M oz)(M lbs)(M lbs)(M lbs)Indicated
Kaukua Area0.740.260.081.09110.791.65.4Inferred
Kaukua Area +Murtolampi0.520.200.070.7996.593.95.8Haukiaho0.160.070.060.2976.457.52.3Total Inf.0.680.260.141.08172.9151.58.1Notes:
CIM (2014) definitions were followed for Mineral Resources.The Mineral Resources have been reported above a preliminary open pit constraining surface using a Net Smelter Return (NSR) pit discard cut-off of US$12.5/t (which for comparison purposes equates to an approximately 0.65 g/t Palladium Equivalent in-situ cut-off, based on metal prices only). The NSR used for reporting is based on the following: Long term metal prices of US$ 1,700/oz Pd, US$ 1,100/oz Pt, US$ 1,800/oz Au, US$ 4.25/lb Cu, US$ 8.50/lb Ni and US$ 25/lb Co.Variable metallurgical recoveries for each metal were used at Kaukua and Murtolampi and fixed recoveries of 79.8% Pd, 80.1% Pt, 65% Au, 89% Cu, 64% Ni and 0% Co at Haukiaho.Commercial terms for a Cu and Ni concentrate based on indicative quotations from smelters. Total Precious Metals (TPM) equals palladium plus platinum plus goldBulk densities range between 1.8 and 3.23 t/m3.Numbers may not add up due to rounding.Mineral Resources, which are not Mineral Reserves, do not have demonstrated economic viability. The estimate of mineral resources may be materially affected by environmental, permitting, legal, title, taxation, sociopolitical, marketing, or other relevant issues. The quantity and grade of reported inferred resources in this estimation are conceptual in nature and there has been insufficient exploration to define these inferred resources as an indicated or measured mineral resource and it is uncertain if further exploration will result in upgrading them to an indicated or measured mineral resource category. The Mineral Resource Estimate was prepared by the Company under the supervision of Mr. Sean Horan, P.Geo., Technical Manager of Geology at SLR Consulting Ltd., based in Toronto, Ontario, Canada. Mr. Horan is an Independent Qualified Person as defined by NI 43-101. The Mineral Resource Estimate in the April 25, 2022 news release has been classified in accordance with CIM Definition Standards on Mineral Resources and Mineral Reserves (May 14, 2014).
2026 Assay Infill and Re-assay Program
The 2026 infill and re-assay program targeted historic drilling of the Kaukua Deposit which was undertaken prior to 2009. The historic drill programs did not sample 100% of the drill core, which provided potential to identify additional in pit resources. A total of 516 infill samples and 4,588 drill core pulps for nickel re-assay were collected and submitted for analysis (Figure 2).
The primary focus of the program was to produce a homogenous assay database at Kaukua with all samples analysed using the same analytical techniques. Historic drill programs used the "Aqua Regia" digestion method. Aqua Regia is a partial digestion method which underestimates the total nickel grade as it only digests sulphide hosted nickel. The majority of the drill hole samples at Kaukua were completed by the Company and were analysed with the "Four Acid" digestion method which provides a more complete digestion of the sample and representation of total nickel grade. All the Metallurgical testing by the Company and the Net Smelter Return ("NSR") calculation used in the 2022 Mineral Resource Estimate assumed all samples were analysed using the Four Acid digestion method. This resulted in a two-fold effect: it under reported total nickel grades and secondly it applied an unnecessarily harsh nickel recovery to historic drill holes. Re-assaying historic samples analysed by Aqua Regia was one of the recommendations from the 2022 technical report.
Nickel re-assay using the Four Acid method significantly increased the nickel grade of lower grade (<0.2% Ni) of historic samples analysed by Aqua Regia. For example, a historic sample with a grade of 0.10% Ni by Aqua Regia returned on average 0.138% Ni, a 38% increase in grade (Figure 3). This increase in is line with, but also slightly better than the approximate ~30% expected from limited past analysis by both Four acid and Aqua Regia methods. For historic samples with less than 0.1% Ni analysed with Aqua Regia the grade increase percentage rises substantially as the proportion of silicate to sulphide hosted nickel increases (Figure 4). For historic samples >0.2% Ni analysed with Aqua Regia the grade increase percentage diminishes as the proportion of silicate to sulphide hosted nickel decreases.
These testing results will have positive demonstrable effect on any future resource estimate on the Kaukua Zone, as it is now on "equal footing" with Kaukua South Zone which was analysed by the Four Acid method and for which the NSR calculation was designed for.
The infill program focused on areas that were only partially sampled historically. While these samples were in known lower grade areas, they were assigned a zero grade in the 2022 resource estimate, which artificially penalized these areas in the resource model. The results of the infill program largely reproduced the partially sampled results, but now these areas are fully represented by real grades instead of artificially zero grades which increases confidence in any future resource estimate and will have a positive effect on future waste-to-ore ratios.
Figure 1. Location Map of the LK Project, NI 43-101 Mineral Resources, and near-term expansion potential
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6502/296703_29286332e49e9bfb_001full.jpg
Figure 2. Location map of the Kaukua area showing location of Kaukua and Kaukua South pit-constrained mineral resource with the holes highlighted for Nickel re-assay, infill sampling and highlighting the location of Hole KAU09-041 and KAU08-031.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6502/296703_29286332e49e9bfb_002full.jpg
Figure 3. Nickel re-assays with Four Acid re-assay vs historic nickel assays with Aqua Regia.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6502/296703_29286332e49e9bfb_003full.jpg
Figure 4. Percent difference of Four Acid re-assay vs historic Aqua Regia Ni assays
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6502/296703_29286332e49e9bfb_004full.jpg
Sample Analysis and QA/QC
All samples were collected by Company staff from pallets in the secure storage facilities of Nortec Minerals Oy in Taivalkoski, Finland. The pulp samples were stored in plastic tubes with lids and protected in Styrofoam boxes. The coarse reject was stored in sealed plastic bags. A small portion of the re-assay samples was also cut from a drill core as a ¼ sample. The infill samples were ½ drill core. The samples were checked, packed onto pallets, and shipped by Company Staff to Eurofins Labtium in Sodankylä, Finland.
Eurofins Labtium is an accredited laboratory T025 by FINAS accreditation service, accreditation requirements SFS-EN ISO/IEC 17025 and Eurofins Ahma is an accredited laboratory T131 by FINAS accreditation service, accreditation requirements SFS-EN ISO/IEC 17025.
All nickel re-assay samples were shipped to Eurofins Labtium Oy in Sodankylä, Finland for preparation and for PbO FireAssay+ ICP-OES (inductively couple plasma optical emission spectroscopy finish). 4-acid leach (a mixture of nitric acid, hydrochloric acid, hydrofluoric acid, and perchloric acid) + ICP-OES (inductively couple plasma optical emission spectroscopy finish) and ICP-MS (Inductively coupled plasma mass spectrometry) was performed in Eurofins Ahma Oy in Oulu.
Ni re-assay pulp homogenization (Eurofins method 37) was performed in Eurofins Labtium and sent to Eurofins Ahma for (Eurofins method 304P) 4-acid leach (a mixture of nitric acid, hydrochloric acid, hydrofluoric acid, and perchloric acid) + ICP-OES (inductively couple plasma optical emission spectroscopy finish) and ICP-MS (Inductively coupled plasma mass spectrometry) providing results for 31 elements including nickel, copper, silver, arsenic, cobalt, molybdenum, lead, antimony and zinc.
Ni re-assay coarse reject drying was carried out at 70°C (Eurofins method 10), pulverizing (>90%<100μm) (Eurofins method 51), was performed in Eurofins Labtium and then sent to Eurofins Ahma for (Eurofins method 304P) 4-acid leach + ICP-OES assay for 31 elements.
Drill core infill sample drying was carried out at 70°C (Eurofins method 10), Crushing (>60%<2mm) (Eurofins method 31), Subsampling (1.5kg) with riffle splitter (Eurofins method 35), Pulverising (>90%<100μm) (Eurofins method 51) was performed in Eurofins Labtium and then sent to Eurofins Ahma for (Eurofins method 304P) 4-acid leach + ICP-OES assay for 31 elements. PbO Fire Assay, subsample 50g + ICP-OES (Eurofins method 705P), providing results for gold, palladium and platinum. A detection limit for Au, Pd and Pt was 20 ppb. 705P assays were performed in Eurofins Labtium in Sodankylä.
QA/QC Certified reference materials (Standards) were source from CDN Resource Laboratories Ltd., of Langley, B.C. Canada. Low, medium, and high Standard were inserted every 20th sample into the sample stream by Company staff. All standards passed within 3 standard deviations.
Qualified Person
The technical information in this release has been reviewed and verified by Neil Pettigrew, M.Sc., P.Geo., Vice President of Exploration and a director of the Company and the Qualified Person as defined by National Instrument 43-101.
About GT Resources
GT Resources Inc. (TSXV: GT) is a mineral exploration company with a strategy to develop copper, nickel, platinum and palladium mining projects in Europe and North America. Our projects are located in Finland and Canada and are comprised of district scale opportunities that have attracted strategic investment from a major mining company.
Follow GT Resources on LinkedIn, Twitter, and at https://gtresourcesinc.com/.
ON BEHALF OF THE BOARD
"Derrick Weyrauch"
President & CEO, Director
For further information contact:
Derrick Weyrauch, President & CEO
Email: [email protected]
Neither the TSX Venture Exchange nor its Market Regulator (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release is not an offer or a solicitation of an offer of securities for sale in the United States of America. The common shares of GT Resources Inc. have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration.
Information set forth in this press release may contain forward-looking statements. Forward-looking statements are statements that relate to future, not past events. In this context, forward-looking statements often address a company's expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, risks associated with project development; the need for additional financing; operational risks associated with mining and mineral processing; fluctuations in mineral and commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; the absence of dividends; competition; dilution; the volatility of our common share price and volume; and the impact of governmental entities. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change. Investors are cautioned against attributing undue certainty to forward-looking statements.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/296703
Source: GT Resources Inc.
Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.
Toronto, Ontario--(Newsfile Corp. - May 13, 2026) - GT Resources Inc. (TSXV: GT) (OTCQB: CGTRF) (FSE: 7N1) (the "Company" or "GT") announces that it has elected to participate in the Coordinated Blanket Order 51-933 - Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers (the "Blanket Order"), issued by the Canadian Securities Administrators.
The Blanket Order permits eligible venture issuers to voluntarily move from quarterly to semi-annual financial reporting. The Company has determined that it meets the eligibility criteria under the Blanket Order, including that it is a venture issuer, has annual revenue of less than $10 million, has a disclosure record of over 12 months and has filed all required periodic and timely disclosure documents.
As a result of this election, the Company will file interim financial reports and related management's discussion and analysis ("MD&A") on a semi-annual basis, rather than quarterly. The Company's fiscal year-end is December 31 and will continue to file annual audited financial statements and will remain subject to all timely disclosure requirements for material information.
Under the Blanket Order, the Company will be exempt from filing interim financial reports and related MD&A for its first and third quarters. The initial period for which the Company will not file a quarterly interim financial report and related MD&A will be for the three-month period ended March 31, 2026. The Company will file its next interim financial report for the six-months ended June 30, 2026.
This news release is being filed pursuant to the Coordinated Blanket Order 51-933 - Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers.
Grant of Incentive Awards
The Company announces that the board of directors have approved for grant, the following annual equity incentives to directors, officers, employees, advisors and consultants:
925,000 Restricted Share nits ("RSUs") to certain employees, advisors and consultants which vest 3-years from the date of issue and have a term of 5-years;2,600,000 Deferred Shares Units ("DSUs") to certain officers and directors, which are exercisable upon departure from the Company and which vest 1-year from the date of issue;2,625,000 stock options to certain officers and directors, which are exercisable for five years at a price of $0.05 per common share, having a 67% premium to yesterday's close price on the TSXV, with 1/3rd vesting immediately and 1/3rd every 6-months thereafter; and675,000 stock options to certain employees, advisors and consultants, which are exercisable for five years at a price of $0.05 per common share, having a 67% premium to yesterday's close price on the TSXV, with 1/3rd vesting immediately and 1/3rd every 6-months thereafter. About GT Resources
GT Resources Inc. (TSXV: GT) (OTCQB: CGTRF) (FSE: 7N1) is a mineral exploration company focused on the discovery and de-risking of district-scale assets in world-class mining jurisdictions. The Company's strategy is driven by a disciplined, science-based methodology designed to create shareholder value by advancing high-potential properties toward production within robust regulatory frameworks.
In Finland, the Company is advancing its flagship Läntinen Koillismaa ("LK") Project, which hosts significant mineral resources including palladium, platinum, gold, copper, and nickel. In Canada, GT maintains a portfolio of earlier-stage, pre-resource projects targeting critical and precious metals. The quality and scale of the Company's project portfolio has attracted strategic investment from Glencore plc, one of the world's largest diversified natural resource companies.
Follow GT Resources on LinkedIn, Twitter, and at https://gtresourcesinc.com/.
Neither the TSX Venture Exchange nor its Market Regulator (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release is not an offer or a solicitation of an offer of securities for sale in the United States of America. The common shares of GT Resources Inc. have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration.
Information set forth in this press release may contain forward-looking statements. Forward-looking statements are statements that relate to future, not past events. In this context, forward-looking statements often address a company's expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, risks associated with project development; the need for additional financing; operational risks associated with mining and mineral processing; fluctuations in mineral and commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; the absence of dividends; competition; dilution; the volatility of our common share price and volume; and the impact of governmental entities. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change. Investors are cautioned against attributing undue certainty to forward-looking statements.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/297326
Source: GT Resources Inc.
Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.
The Goodyear Tire & Rubber Company remains a Hold, reflecting persistent uncertainty and operational headwinds despite trading near 52-week lows. Q1 2026 results showed declining volumes, pressured margins, and a mixed regional performance, with the Americas notably weak and Asia Pacific providing some offset. Goodyear Forward cost savings are materializing, but raw material cost risks and weak demand undermine margin recovery and earnings visibility.
Toronto, Ontario--(Newsfile Corp. - May 20, 2026) - GT Resources Inc. (TSXV: GT) (OTCQB: CGTRF) (FSE: 7N1) (the "Company" or "GT") is pleased to announce it has entered into an earn-in-agreement ("Agreement") to acquire the CD Project in the Yukon's Dawson Gold Range, located near Carmacks (the "Property" or "CD") (Figure 1). CD hosts a Gold - Copper porphyry target, with valid drill permits until 2033.
The CD Project exhibits significant geological parallels to Western Copper and Gold's Casino deposit, situated 90km to the northwest. The Casino deposit hosts a Measured and Indicated Resource Estimate of 7.6 billion pounds of copper and 4.8 million oz gold. (Roth et al. 2022.)
"The Yukon is a premier, underexplored Tier 1 jurisdiction. After an extensive search for gold-rich porphyry systems, CD emerged as our top priority. It represents a rare combination of an advanced greenfield project with a clear exploration model, potential to host a muti-billion tonne deposit, de-risked drill targets, and comes with a 50,000 meter drill permit in place. CD possesses many similarities to the nearby Casino deposit, and we believe that there is great potential for additional large-scale deposits in the Dawson Range Gold Belt which has been significantly under explored for porphyry-style deposits," commented Neil Pettigrew, Vice President of Exploration.
Investment Highlights
Why we like CD: The project boasts a well-developed Gold - Copper porphyry target A secondary untested vein hosted Gold - Silver system is present (Schist target)Straightforward exploration model with drill ready targetsRapid discovery timeline being fully permitted for up to 50,000m of drillingEmerging gold-rich copper porphyry district Compliments our existing Yukon strategy Politically safe jurisdiction with a well-regulated operating environment Clear Model: CD mimics the geology, age, and alteration of the nearby Casino depositData-Driven Advantage: Over 15,000 soil samples, 90 line-km of Induced Polarization ("IP"), and 690 line-km of drone magnetics have refined targets that remain virtually untested (only 800m of historical drilling to date)Similarities to the Gold - Rich Casino Copper Porphyry Deposit:
Geology: Similar rock types, ages, alteration and structures (Figure 2)Lithology & Timing: Gold - Copper mineralization is associated with late Cretaceous porphyritic felsic intrusives (Casino / Prospector Mountain suite). These units intrude older Whitehorse Suite granites and Snowcap assemblage gneisses/schists.Structural Control: The intersection of regional northwest and northeast trending structures, providing dilation for porphyry emplacement.Alteration: Brecciation and veining with widespread potassic and local phyllic+propylitic alteration.Geophysics: Geophysical anomalies coincident with geochemical anomalies (Figure 3).Magnetic Core: A central magnetic high anomaly associated with porphyritic Intrusive rocks and coincident with Cu-in-soil anomaly. Chargeability Halo: An IP chargeability anomaly flanking the core magnetic anomaly coincident with Au-in-soil anomaly.Geochemical Footprint & Historical Validation: CD hosts a 1,200m x 400m Gold - Copper - Molybdenum Anomaly (Figure 3).Historical drilling (only 6 holes) demonstrated the presence of a mineralized system but notably failed to test the recently defined primary IP - Gold in-soil target. Drilling (1970s)0.15% Cu over 15.2 m (hole 76-2)0.09 g/t Au, 0.10% Cu over 21.3 m (hole 76-4)Trenching (1970s)0.43 g/t Au, 0.15% Cu, 196 ppm Mo over 5 m Grab Samples (2011-2018)0.81 g/t Au, below a 632 ppm Au-in-soil sampleSoils (2011-2018) Peak soil values of 1,270 ppm Au, 1,485 ppm Cu, and 42 ppm MoSchist target, an untested vein hosted gold - silver system
UndrilledLarge Gold - Arsenic in-soil anomaly (2,000m x 500m)1.67 g/t Au over 6.5 meters in historic (2011) trench chip samples 6.29 g/t Au and 7.6 g/t Ag; 2.78 g/t Au and 25.7 g/t Ag in Historic (2013-2015) grab samples Potential similarities to nearby Au-Ag Klaza and Au-As Coffee deposits
Figure 1. (A) Location map of the CD project and nearby projects within the Dawson Range Gold Belt, overlain on the tectonic assemblage map of the Yukon. (B) Regional geology surrounding the CD project with locations of the porphyry (also known as Maloney) and Schist targets, including location of nearby deposits, notably those of similar late Cretaceous age "Casino & Prospector Mountain Suite" (red triangles).
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6502/298113_382dc838f44ba8a5_001full.jpg
Figure 2. Simplified geology of CD's porphyry target compared to the Casino deposit.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6502/298113_382dc838f44ba8a5_002full.jpg
Figure 3. 3D Isometric view looking northwest of CD's porphyry target showing a core defined by an inverted magnetic high (purple) flanked by an IP chargeability high rim (orange). This pattern is interpreted to be a magnetic porphyritic intrusive plunging to the southwest surrounded by an alteration halo, brecciation and veining similar to the mineralized breccia zone which surrounds an unmineralized porphyry intrusive core at the Casino deposit.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6502/298113_382dc838f44ba8a5_003full.jpg
Figure 4. Shist Gold - Silver Target, showing widespread arsenic-in soil anomalies and location of 2011 trenches.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6502/298113_382dc838f44ba8a5_004full.jpg
Geology and Mineralization
The CD Project lies within Yukon-Tanana terrane (Figure 1), a continental arc that developed along the ancient Pacific margin of North America from Late Devonian to Permian time and is situated between the Tintina Fault to the northeast, and the Denali Fault to the southwest. In the CD Project vicinity, specifically the Maloney target area, the terrane is dominated by the Devonian and older rocks of the Snowcap Assemblage, which is in turn dominated by fine clastic rocks, quartzite and conglomerate, including marble horizons metamorphosed to amphibolite grade. The Snowcap Assemblage has been introduced by numerous intermediate to felsic granitoid batholiths since the early Jurassic, notably in the Casino and CD area by the voluminous mid-Cretaceous Whitehorse Suite. The Whitehorse Suite intrusive event was followed by a more restricted late Cretaceous Casino / Prospector Mountain Suite (~79-72 million years) felsic intrusive event which is closely associated mineralization at Casino and Klaza deposits is the (Figure 1 & 2).
Geological mapping and exploration in general at CD has historically been complicated by extensive glacial loess and weathering as the bulk of the area is unglaciated. From what little outcrop is available the geology, structure and intrusive relationship of the CD Project have many analogs to the Casino deposit. At Casino a late Cretaceous Porphyry (Patton Porphyry) has intruded and brecciated surrounding Snowcap and Whitehorse rocks. This high phyllic and potassic altered breccia which hosts the gold-rich copper mineralization contains abundant disseminated pyrite and chalcopyrite and forms a discrete (~1,800 x 1,000m) pipe shaped halo surrounding the relatively massive Patton Porphyry (Figure 2). At CD we see similar relationships with both Snowcap and Whitehorse suite rocks intruded by late Casino / Prospector suite age (75 million years) porphyritic rocks with widespread potassic and phyllic alteration and local brecciation. The Geophysics at CD display a similar geometry to Casino with a magnetic core interpreted to represent a porphyry plug plunging to the southeast flanked by an IP chargeable rim (Figure 3).
Another style of mineralization present at CD is the vein hosted gold-silver mineralization present at the Schist target (Figure 4). Less is known about this style of mineralization, and no drilling has every been conducted, the mineralization may be related to the nearby younger Klaza-style vein hosted gold-silver-lead-zinc deposit or the older Coffee-style disseminated gold-arsenic deposit (Figure 1). The Schist target comprises gold, silver and arsenic bearing veins in hydrothermally altered metamorphic rocks. Mineralization within the veins consist of fine-grained disseminated pyrite and arsenopyrite with manganese oxide, limonite and sericite alteration. The Schist target contains a widespread (2,000 x 500m) gold and arsenic-in-soil anomaly and numerous placer mining claims have recently been staked in the area.
Structurally CD, Casino and Klaza are all located near the intersection of large-scale northwest and smaller scale northeast structures which may provide dilation for late Cretaceous porphyry intrusions and/or hydrothermal vein formation.
Exploration Plan - Next Steps
2026
The 2026 field season is dedicated to high-resolution data acquisition to precisely define the maiden drilling program. Given the heightened exploration activity in the Yukon, GT has optimized the earn-in schedule to prioritize advanced geophysical and geological modeling throughout the current year.
A key component of the 2026 work program is a property-wide airborne survey utilizing Expert Geophysics' MobileMT (Mobile MagnetoTellurics) system. This cutting-edge, natural-field EM (ElectroMagnetic) technology is specifically chosen for its ability to map deep subsurface resistivity and identify subtle disseminated sulphide mineralization that standard VTEM (Versatile Time Domain Electromagnetic) surveys miss. By integrating MobileMT data with existing ground-based IP and magnetics, GT will develop a comprehensive 3D model to pinpoint the highest-conviction drill targets.
2027
Building on the 2026 data, GT plans to conduct a 2,500-3,000 meter diamond drill program. This campaign will systematically test the gold-rich copper porphyry potential and the high-grade gold - silver vein targets at the Schist target.
References
Paulter, J., 2018. Technical Report on the CD Project in the Dawson Range Copper - Gold belt, Yukon territory for Strategic Metals Ltd.
Roth, D., Hester, M., Marek, J.M., Tahija, L.M., Schulze, C., Friedman, D., Weston, S., 2022. Casino Project Form 43-101F1 Technical Report, Feasibility Study, Yukon, Canada.
Transaction Details
The Agreement was entered into on May 19, 2026 on an Arm's Length basis between Strategic Metals Ltd. ("SMD"), who holds a 100% interest in the Property (the "Seller") and GT, pursuant to which GT will have the sole and exclusive right to earn from the Seller a 75% interest in and to the mineral claims comprising the Property, in consideration for the issuance or payment by GT to Seller of cash and shares and minimum exploration expenditures on the Property as follows:
To earn a 60% interest in the Property, making the following annual exploration expenditures and payments to Seller in cash and Shares, provided that the Shares will be issued at a deemed price equal to the volume weighted average price of the Shares on the Exchange (or, if the Shares are no longer traded on the Exchange, such other stock exchange on which the Shares are principally listed and posted for trading) for the 10 trading days immediately preceding but excluding the applicable payment date, subject to such deemed price not being less than $0.05 per Share. If the deemed price is less than $0.05 per Share, then such Share issuance shall be satisfied by way of a cash payment only.
Each of the aggregate cash and Shares payments is $225,000 as follows:
$25,000 cash and $25,000 in Shares on or before October 15, 2026;$50,000 cash and $50,000 in Shares on or before October 15, 2027;$50,000 cash and $50,000 in Shares on or before October 15, 2028;$50,000 cash and $50,000 in Shares on or before October 15, 2029;$50,000 cash and $50,000 in Shares on or before October 15, 2030;Aggregate of $10 million of exploration expenditures over 5-years on the Property as follows:
$106,000 on or before October 15, 2026;$1,894,000 on or before October 15, 2027;$2,000,000 on or before October 15, 2028;$2,500,000 on or before October 15, 2029;$3,500,000 on or before October 15, 2030;Upon GT having made all payments, Share issuances and incurred the exploration expenditures, GT shall be deemed to have acquired a 60% interest in and to the Property.
Upon providing notice on or before November 15, 2030, GT has the right to earn an additional 15% interest, for a total of 75%, on or before December 15, 2030, by paying SMD an additional $1,000,000 in cash or shares.
Upon earning a 75% interest, GT and SMD will enter a Joint Venture Agreement to jointly fund continued development of the Property on a 75/25 basis. Upon earning only a 60% interest, GT and SMD will enter a Joint Venture Agreement to jointly fund continued development of the Property on a 60/40 basis.
The Transaction is subject to the receipt of approval from the TSX Venture Exchange ("TSX-V") to the Transaction.
Qualified Person
The technical information in this release has been reviewed and verified by Neil Pettigrew, M.Sc., P.Geo., Vice President of Exploration and a director of the Company and the Qualified Person as defined by National Instrument 43-101.
About GT Resources
GT Resources Inc. (TSXV: GT) (OTCQB: CGTRF) (FSE: 7N1) is a mineral exploration company focused on the discovery and de-risking of district-scale assets in top tier mining jurisdictions. The Company's strategy is driven by a disciplined, science-based methodology designed to create shareholder value by advancing high-potential properties toward production within robust regulatory frameworks.
In Finland, the Company is advancing its flagship Läntinen Koillismaa ("LK") Project, which hosts significant mineral resources including palladium, platinum, gold, copper, and nickel. In Canada, GT maintains a portfolio of earlier-stage, pre-resource projects targeting critical and precious metals. The quality and scale of the Company's project portfolio has attracted strategic investment from Glencore plc, one of the world's largest diversified natural resource companies.
Follow GT Resources on LinkedIn, Twitter, and at https://gtresourcesinc.com/.
ON BEHALF OF THE BOARD
"Derrick Weyrauch"
President & CEO, Director
For further information, contact:
Derrick Weyrauch, President & CEO or Neil Pettigrew, Vice President Exploration
Email: [email protected]
Neither the TSX Venture Exchange nor its Market Regulator (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release is not an offer or a solicitation of an offer of securities for sale in the United States of America. The common shares of GT Resources Inc. have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration.
Information set forth in this press release may contain forward-looking statements. Forward-looking statements are statements that relate to future, not past events. In this context, forward-looking statements often address a company's expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, risks associated with project development; the need for additional financing; operational risks associated with mining and mineral processing; fluctuations in mineral and commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; the absence of dividends; competition; dilution; the volatility of our common share price and volume; and the impact of governmental entities. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change. Investors are cautioned against attributing undue certainty to forward-looking statements.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/298113
Source: GT Resources Inc.
Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.
, /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) ("Goodyear" or the "company") today announced that it has commenced a public offering of $750 million aggregate principal amount of 6-year senior notes (the "notes"). The notes will be senior unsecured obligations of the company. Issuance and sale of the notes is subject to market and other customary closing conditions.
Goodyear intends to use the net proceeds from this offering to repay, redeem or repurchase its outstanding 4.875% Senior Notes due 2027 (the "4.875% Notes") at or prior to their maturity on March 15, 2027. Any remaining net proceeds will be used for general corporate purposes. As of March 31, 2026, there was $700 million in aggregate principal amount of the 4.875% Notes outstanding. Pending the repayment, redemption or repurchase of the 4.875% Notes, Goodyear intends to temporarily apply a portion of the net proceeds from this offering to repay outstanding balances under certain credit facilities.
J.P. Morgan Securities LLC, BofA Securities, Inc., Citigroup Global Markets Inc., Fifth Third Securities, Inc., MUFG Securities Americas Inc., BNP Paribas Securities Corp., Goldman Sachs & Co. LLC, RBC Capital Markets, LLC, Credit Agricole Securities (USA) Inc., Deutsche Bank Securities Inc. and PNC Capital Markets LLC are acting as the joint book-running managers, and Capital One Securities, Inc., CIBC Capital Markets, Santander US Capital Markets LLC, Citizens JMP Securities, LLC, HSBC Securities (USA) Inc., Huntington Securities, Inc., KeyBanc Capital Markets Inc., U.S. Bancorp Investments, Inc., Regions Securities LLC and Standard Chartered Bank are acting as the co-managers for the offering.
The offering will be made under an effective shelf registration statement that was filed with the U.S. Securities and Exchange Commission on May 29, 2025. The offering of the notes may be made only by means of a prospectus supplement and accompanying prospectus, copies of which may be obtained from:
J.P. Morgan Securities LLC
The Goodyear Tire & Rubber Company
Attn: J.P. Morgan Syndicate Desk
Investor Relations Department
270 Park Avenue
200 Innovation Way
New York, New York 10017
Akron, OH 44316
Telephone:1-212-834-4533
Telephone: 330-796-3751
This news release shall not constitute a notice of redemption with respect to the 4.875% Notes. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
About The Goodyear Tire & Rubber Company
Goodyear is one of the world's largest tire companies. It employs about 63,000 people and manufactures its products in 49 facilities in 19 countries around the world. Its two Innovation Centers in Akron, Ohio, and Colmar-Berg, Luxembourg, strive to develop state-of-the-art products and services that set the technology and performance standard for the industry.
Certain information contained in this news release constitutes forward-looking statements for purposes of the safe harbor provisions of The Private Securities Litigation Reform Act of 1995. There are a variety of factors, many of which are beyond our control, that affect our operations, performance, business strategy and results and could cause our actual results and experience to differ materially from the assumptions, expectations and objectives expressed in any forward-looking statements. These factors include, but are not limited to: our ability to implement successfully our strategic initiatives; our ongoing obligations to the purchasers of our off-the-road tire business, the Dunlop brand and our polymer chemicals business; actions and initiatives taken by both current and potential competitors; increases in the prices paid for raw materials and energy; inflationary cost pressures; changes in tariffs, trade agreements or trade restrictions; uncertainty regarding the timing and amount of any IEEPA tariff refund; delays or disruptions in our supply chain or the provision of services to us; a prolonged economic downturn or period of economic uncertainty; deteriorating economic conditions or an inability to access capital markets; a labor strike, work stoppage, labor shortage or other similar event; financial difficulties, work stoppages, labor shortages or supply disruptions at our suppliers or customers; the adequacy of our capital expenditures; foreign currency translation and transaction risks; our failure to comply with a material covenant in our debt obligations; potential adverse consequences of litigation involving the company; economic and supply disruptions associated with events beyond our control, such as war, including the current conflicts between Russia and Ukraine and in the Middle East; as well as the effects of more general factors such as changes in general market, economic or political conditions or in legislation, regulation or public policy. Additional factors are discussed in our filings with the Securities and Exchange Commission, including our annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K. In addition, any forward-looking statements represent our estimates only as of today and should not be relied upon as representing our estimates as of any subsequent date. While we may elect to update forward-looking statements at some point in the future, we specifically disclaim any obligation to do so, even if our estimates change.
, /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) ("Goodyear" or the "company") today announced that it has priced its offering of $1.05 billion aggregate principal amount of senior notes due 2032 (the "notes"). The notes will be senior unsecured obligations of the company.
The notes will be offered to the public at a price of 100% of their principal amount and will bear interest at a rate of 8.875% per annum. Goodyear expects the offering to close on June 4, 2026, subject to customary closing conditions.
Goodyear intends to use the net proceeds from this offering to repay, redeem or repurchase its outstanding 4.875% Senior Notes due 2027 (the "4.875% Notes") and its outstanding 7.625% Senior Notes due 2027 (the "7.625% Notes," and, together with the 4.875% Notes, the "2027 Notes") at or prior to their respective maturity on March 15, 2027. Any remaining net proceeds will be used for general corporate purposes. As of March 31, 2026, there was $700 million in aggregate principal amount of the 4.875% Notes outstanding and $117 million in aggregate principal amount of 7.625% Notes outstanding. Pending the repayment, redemption or repurchase of the 2027 Notes, Goodyear intends to temporarily apply a portion of the net proceeds from this offering to repay outstanding balances under its first lien revolving credit facility, its European revolving credit facility, its Mexican credit facility and certain other smaller facilities.
J.P. Morgan Securities LLC, BofA Securities, Inc., Citigroup Global Markets Inc., Fifth Third Securities, Inc., MUFG Securities Americas Inc., BNP Paribas Securities Corp., Goldman Sachs & Co. LLC, RBC Capital Markets, LLC, Credit Agricole Securities (USA) Inc., Deutsche Bank Securities Inc. and PNC Capital Markets LLC are acting as the joint book-running managers, and Capital One Securities, Inc., CIBC Capital Markets, Santander US Capital Markets LLC, Citizens JMP Securities, LLC, HSBC Securities (USA) Inc., Huntington Securities, Inc., KeyBanc Capital Markets Inc., U.S. Bancorp Investments, Inc., Regions Securities LLC and Standard Chartered Bank are acting as the co-managers for the offering.
The offering will be made under an effective shelf registration statement that was filed with the U.S. Securities and Exchange Commission on May 29, 2025. The offering of the notes may be made only by means of a prospectus supplement and accompanying prospectus, copies of which may be obtained from:
J.P. Morgan Securities LLC
The Goodyear Tire & Rubber Company
Attn: J.P. Morgan Syndicate Desk
Investor Relations Department
270 Park Avenue
200 Innovation Way
New York, New York 10017
Akron, OH 44316
Telephone: 1-212-834-4533
Telephone: 330-796-3751
This news release shall not constitute a notice of redemption with respect to the 4.875% Notes. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
About The Goodyear Tire & Rubber Company
Goodyear is one of the world's largest tire companies. It employs about 63,000 people and manufactures its products in 49 facilities in 19 countries around the world. Its two Innovation Centers in Akron, Ohio, and Colmar-Berg, Luxembourg, strive to develop state-of-the-art products and services that set the technology and performance standard for the industry.
Certain information contained in this news release constitutes forward-looking statements for purposes of the safe harbor provisions of The Private Securities Litigation Reform Act of 1995. There are a variety of factors, many of which are beyond our control, that affect our operations, performance, business strategy and results and could cause our actual results and experience to differ materially from the assumptions, expectations and objectives expressed in any forward-looking statements. These factors include, but are not limited to: our ability to implement successfully our strategic initiatives; our ongoing obligations to the purchasers of our off-the-road tire business, the Dunlop brand and our polymer chemicals business; actions and initiatives taken by both current and potential competitors; increases in the prices paid for raw materials and energy; inflationary cost pressures; changes in tariffs, trade agreements or trade restrictions; uncertainty regarding the timing and amount of any IEEPA tariff refund; delays or disruptions in our supply chain or the provision of services to us; a prolonged economic downturn or period of economic uncertainty; deteriorating economic conditions or an inability to access capital markets; a labor strike, work stoppage, labor shortage or other similar event; financial difficulties, work stoppages, labor shortages or supply disruptions at our suppliers or customers; the adequacy of our capital expenditures; foreign currency translation and transaction risks; our failure to comply with a material covenant in our debt obligations; potential adverse consequences of litigation involving the company; economic and supply disruptions associated with events beyond our control, such as war, including the current conflicts between Russia and Ukraine and in the Middle East; as well as the effects of more general factors such as changes in general market, economic or political conditions or in legislation, regulation or public policy. Additional factors are discussed in our filings with the Securities and Exchange Commission, including our annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K. In addition, any forward-looking statements represent our estimates only as of today and should not be relied upon as representing our estimates as of any subsequent date. While we may elect to update forward-looking statements at some point in the future, we specifically disclaim any obligation to do so, even if our estimates change.
With the S&P 500 grinding near record highs, contrarian investors are sifting through the rubble of cyclical names for asymmetric setups. Stocks trading under $10 often signal trouble, but they can also flag operational turnarounds the market has stopped tracking. One legacy industrial fits that mold right now: a household-name tire maker that has quietly hit its highest segment operating margin in more than seven years while its share price has been cut in half.
With that in mind, here is one stock trading under $10 where the headline numbers and one key operating metric tell two very different stories.
Goodyear Tire & Rubber (NASDAQ: GT) Goodyear Tire & Rubber (NASDAQ:GT | GT Price Prediction) develops, manufactures, and sells tires and related services worldwide from its Akron, Ohio headquarters, with operations spanning the Americas, EMEA, and Asia Pacific.
Shares closed the most recent session at $5.96, down 31.96% year-to-date and 47.77% over the past year, with a 52-week range of $5.43 to $12.03. For a retail investor, that puts Goodyear deep in beaten-down territory, well below its $10.45 book value and trading at just 0.584 times book.
Fundamentals show a company in transition. Market cap sits near $1.75 billion, with a forward earnings multiple of roughly 8 and an EV/EBITDA of 9.11. Wall Street currently carries 1 Strong Buy, 3 Buy, 5 Hold, and 1 Sell ratings with an average price target of $7.46, implying meaningful upside from current levels. First-quarter FY26 results, reported in May, showed adjusted EPS of -$0.39 against a -$0.4261 estimate and revenue of $3.881 billion, both beating expectations.
The bull case rests on one metric the market is overlooking: Q4 2025 segment operating margin of 8.5%, up 80 basis points year-over-year and the highest level the company has achieved in more than seven years. That margin expansion is being driven by the Goodyear Forward transformation plan, which delivered $1.25 billion in cumulative benefits through Q4 2025 and reached a $1.5 billion run-rate, exceeding the original commitment by roughly $150 million. Layered on top: $2.3 billion in divestiture proceeds from the OTR tire, Dunlop, and Chemical business sales, primarily redeployed to reduce debt. Tires remain a non-discretionary replacement purchase, and any stabilization in rubber and petroleum input costs flows directly to the bottom line.
The key risk that cuts against the thesis is real and visible. Americas replacement tire volumes fell 23.2% in Q1, and CEO Mark Stewart warned that “increased pressure on industry demand and higher raw material costs stemming from the conflict in the Middle East require that we continue to take meaningful actions to strengthen our cost structure.” WTI crude surged from $57.97 in December 2025 to $100.32 by April 2026, pressuring rubber and synthetic input costs. Management is responding with further restructuring, including a potential closure of the Fayetteville, North Carolina facility by end of 2027.
The setup leaves Goodyear as a classic cyclical contrarian candidate: weak near-term demand and commodity headwinds are obscuring a structural margin reset and aggressive deleveraging.
A low share price by itself never makes a stock cheap, and Goodyear’s sub-$10 quote reflects genuine cyclical pressure and a balance sheet that took non-cash hits during the transformation. Investors should weigh the margin progress and the $1.5 billion run-rate cost program against tariff exposure, import competition, and raw material volatility, then do their own research before deciding whether GT fits their portfolio.
, /PRNewswire/ -- Goodyear (NASDAQ: GT) takes on its next bold challenge, returning to the Moon with tires built for the future of human exploration. As part of NASA's Artemis program, Goodyear will supply advanced lunar tires for Lunar Outpost's Pegasus Lunar Terrain Vehicle (LTV), expected to support astronaut missions on the Moon beginning in 2028.
Goodyear takes on its next bold challenge, returning to the Moon with tires built for the future of human exploration. As part of NASA’s Artemis program, Goodyear will supply advanced lunar tires for Lunar Outpost’s Pegasus Lunar Terrain Vehicle (LTV), expected to support astronaut missions on the Moon beginning in 2028.
Goodyear takes on its next bold challenge, returning to the Moon with tires built for the future of human exploration. As part of NASA’s Artemis program, Goodyear will supply advanced lunar tires for Lunar Outpost’s Pegasus Lunar Terrain Vehicle (LTV), expected to support astronaut missions on the Moon beginning in 2028.
Goodyear (NASDAQ: GT) takes on its next bold challenge, returning to the Moon with tires built for the future of human exploration. As part of NASA’s Artemis program, Goodyear will supply advanced lunar tires for Lunar Outpost’s Pegasus Lunar Terrain Vehicle (LTV), expected to support astronaut missions on the Moon beginning in 2028.
Goodyear takes on its next bold challenge, returning to the Moon with tires built for the future of human exploration. As part of NASA’s Artemis program, Goodyear will supply advanced lunar tires for Lunar Outpost’s Pegasus Lunar Terrain Vehicle (LTV), expected to support astronaut missions on the Moon beginning in 2028.
Designed for operations at the lunar South Pole, Pegasus will enable astronauts to travel farther, operate longer and unlock new scientific exploration capabilities in one of the harshest environments known. Goodyear's lunar tires are built to meet this challenge, engineered to withstand extreme temperature swings, rocky surfaces and low-gravity conditions while helping astronauts move safely and confidently across the lunar surface. Drawing on advanced science and decades of experience, these tires build on Goodyear's work in extreme environments on Earth and in the stars.
"From breaking land speed records to traversing the Moon's surface to pushing the limits of the world's toughest race circuits Goodyear innovations have been helping people travel safely on their own journeys for more than 125 years," said Chris Helsel, senior vice president and Chief Technical Officer. "Goodyear tires first left tread marks on the Moon during the Apollo mission, and since then Goodyear technology and the people behind it have kept making tires worth bragging about."
The development of Pegasus was led by Lunar Outpost, in partnership with General Motors, Goodyear and Leidos, bringing together expertise across automotive, aerospace and technology to support the next chapter of human exploration. This collaboration also reflects Goodyear's vision to be #1 in tires and service, leading innovation on Earth and beyond.
About The Goodyear Tire & Rubber Company
Goodyear is one of the world's largest tire companies. It employs about 63,000 people and manufactures its products in 49 facilities in 19 countries around the world. Its two Innovation Centers in Akron, Ohio, and Colmar-Berg, Luxembourg, strive to develop state-of-the-art products and services that set the technology and performance standard for the industry. For more information about Goodyear and its products, go to www.goodyear.com/corporate.
The BANGR at the HANGR was by far the weirdest and most iconic blimp-themed birthday party ever
, /PRNewswire/ -- After more than 100 years of soaring over the most memorable pop culture moments, the Goodyear Blimp created one of its own: a birthday bash turned first-ever music festival inside an airship hangar, dubbed the BANGR at the HANGR, marking the second annual birthday party hosted by the brand.
After more than 100 years of soaring over the most memorable pop culture moments, the Goodyear Blimp created one of its own: a birthday bash turned first-ever music festival inside an airship hangar, dubbed the BANGR at the HANGR, marking the second annual birthday party hosted by the brand.
After more than 100 years of soaring over the most memorable pop culture moments, the Goodyear Blimp created one of its own: a birthday bash turned first-ever music festival inside an airship hangar, dubbed the BANGR at the HANGR, marking the second annual birthday party hosted by the brand.
After more than 100 years of soaring over the most memorable pop culture moments, the Goodyear Blimp created one of its own: a birthday bash turned first-ever music festival inside an airship hangar, dubbed the BANGR at the HANGR, marking the second annual birthday party hosted by the brand.
After more than 100 years of soaring over the most memorable pop culture moments, the Goodyear Blimp created one of its own: a birthday bash turned first-ever music festival inside an airship hangar, dubbed the BANGR at the HANGR, marking the second annual birthday party hosted by the brand.
After more than 100 years of soaring over the most memorable pop culture moments, the Goodyear Blimp created one of its own: a birthday bash turned first-ever music festival inside an airship hangar, dubbed the BANGR at the HANGR, marking the second annual birthday party hosted by the brand.
After more than 100 years of soaring over the most memorable pop culture moments, the Goodyear Blimp created one of its own: a birthday bash turned first-ever music festival inside an airship hangar, dubbed the BANGR at the HANGR, marking the second annual birthday party hosted by the brand.
After more than 100 years of soaring over the most memorable pop culture moments, the Goodyear Blimp created one of its own: a birthday bash turned first-ever music festival inside an airship hangar, dubbed the BANGR at the HANGR, marking the second annual birthday party hosted by the brand.
With the larger-than-life Goodyear Blimp on-site and attendees ranging from legendary mascots, influencers and a headlining DJ, festivalgoers flew on Wingfoot One, enjoyed an exclusive set from DJ Noizu on a stage outfitted with Goodyear tires, browsed signature brand merch, attended an exclusive after-party and soaked in a Blimpworthy atmosphere to celebrate the icon's big day.
From mascot-sized photo ops to festivalgoers breaking it down on the dance floor, every moment of the day was a blend of fun, chaos and charm – just how the high-flying guest of honor intended.
VIP Guest List
The BANGR at the HANGR was full of nostalgic mascots from legendary brands who danced from sunrise to sunset alongside the main character itself: the Goodyear Blimp. Festivalgoers included:
Grumpy Bear, Funshine Bear and Cheer Bear from the Care Bears™ Puppies from Kind Paw Rescue wearing Fi AI-powered GPS wearables The bunderful Oscar Mayer Wienermobile An inflatable Flo from Progressive Insurance® Cha! Cha! The Tree Frog from Rainforest Cafe Geoffrey from Toys"R"Us Coco Man from Vita Coco In addition to an appearance by a Northeast Ohio favorite, Swensons Drive-In, sports mascots from the state, where Goodyear's Global Headquarters is located, and beyond, joined the fun all day long, such as Chomps from the Cleveland Browns, Flash the Golden Eagle from Kent State University and Zippy from the University of Akron.
Explore the media gallery for a full look at BANGR at the HANGR and stay connected on social media for ongoing recaps and standout moments from the Goodyear Blimp's 101st birthday celebration.
About The Goodyear Tire & Rubber Company
Goodyear (NASDAQ: GT) is one of the world's largest tire companies. It employs about 63,000 people and manufactures its products in 49 facilities in 19 countries around the world. Its two Innovation Centers in Akron, Ohio, and Colmar-Berg, Luxembourg, strive to develop state-of-the-art products and services that set the technology and performance standard for the industry. For more information about Goodyear and its products, go to www.goodyear.com/corporate.
The Goodyear Blimp Hosted a Rager with Mascots and a DJ PR Newswire
AKRON, Ohio,, June 4, 2026
The BANGR at the HANGR was by far the weirdest and most iconic blimp-themed birthday party ever
, /PRNewswire/ -- After more than 100 years of soaring over the most memorable pop culture moments, the Goodyear Blimp created one of its own: a birthday bash turned first-ever music festival inside an airship hangar, dubbed the BANGR at the HANGR, marking the second annual birthday party hosted by the brand.
With the larger-than-life Goodyear Blimp on-site and attendees ranging from legendary mascots, influencers and a headlining DJ, festivalgoers flew on Wingfoot One, enjoyed an exclusive set from DJ Noizu on a stage outfitted with Goodyear tires, browsed signature brand merch, attended an exclusive after-party and soaked in a Blimpworthy atmosphere to celebrate the icon's big day.
From mascot-sized photo ops to festivalgoers breaking it down on the dance floor, every moment of the day was a blend of fun, chaos and charm – just how the high-flying guest of honor intended.
VIP Guest List
The BANGR at the HANGR was full of nostalgic mascots from legendary brands who danced from sunrise to sunset alongside the main character itself: the Goodyear Blimp. Festivalgoers included:
Grumpy Bear, Funshine Bear and Cheer Bear from the Care Bears™Puppies from Kind Paw Rescue wearing Fi AI-powered GPS wearablesThe bunderful Oscar Mayer WienermobileAn inflatable Flo from Progressive Insurance®Cha! Cha! The Tree Frog from Rainforest CafeGeoffrey from Toys"R"UsCoco Man from Vita CocoIn addition to an appearance by a Northeast Ohio favorite, Swensons Drive-In, sports mascots from the state, where Goodyear's Global Headquarters is located, and beyond, joined the fun all day long, such as Chomps from the Cleveland Browns, Flash the Golden Eagle from Kent State University and Zippy from the University of Akron.
Explore the media gallery for a full look at BANGR at the HANGR and stay connected on social media for ongoing recaps and standout moments from the Goodyear Blimp's 101st birthday celebration.
About The Goodyear Tire & Rubber Company
Goodyear (NASDAQ: GT) is one of the world's largest tire companies. It employs about 63,000 people and manufactures its products in 49 facilities in 19 countries around the world. Its two Innovation Centers in Akron, Ohio, and Colmar-Berg, Luxembourg, strive to develop state-of-the-art products and services that set the technology and performance standard for the industry. For more information about Goodyear and its products, go to www.goodyear.com/corporate.
View original content to download multimedia:https://www.prnewswire.com/news-releases/the-goodyear-blimp-hosted-a-rager-with-mascots-and-a-dj-302791898.html
It has been about a month since the last earnings report for Goodyear (GT - Free Report) . Shares have lost about 17.5% in that time frame, underperforming the S&P 500.
Will the recent negative trend continue leading up to its next earnings release, or is Goodyear due for a breakout? Well, first let's take a quick look at its most recent earnings report in order to get a better handle on the recent drivers for The Goodyear Tire & Rubber Company before we dive into how investors and analysts have reacted as of late.
Goodyear Q1 Earnings Beat EstimatesGoodyear incurred an adjusted loss of 39 cents per share in the first quarter of 2026, narrower than the Zacks Consensus Estimate of a loss of 49 cents. The company delivered a 19.72% earnings surprise, though the figure deteriorated from the year-ago quarter’s adjusted loss of 4 cents per share.
Net sales were $3.88 billion, down 8.8% year over year but slightly above the Zacks Consensus Estimate of $3.86 billion, representing a 0.49% revenue surprise.
Tire unit volumes fell 11.6% to 34 million, reflecting weaker demand and lower shipments to customers.
GT Segment Profit Slips on Volume & CostsTotal segment operating income fell to $95 million from $195 million a year ago due to weaker demand and higher costs. The company faced pressure from lower sales volumes and inflation-related expenses, though some of the impact was offset by price increases and better operational execution.
The quarter was supported by a $46 million IEEPA tariff-related benefit and $107 million in savings from the Goodyear Forward program. Better pricing and product mix relative to raw material costs also helped, but these gains were not enough to fully offset the impact of weaker sales volumes and higher overall costs.
Goodyear Americas Weakness Offsets Mix GainsGT’s Americas segment reported net sales of $2.06 billion, down 17.5% year over year, while tire unit volumes declined 17% to 15.3 million. Results were hurt by weaker consumer replacement demand, channel destocking, tougher competition and the planned reduction of lower-tier products.
Segment operating income in the region fell to $37 million from $155 million a year ago, while margin narrowed to 1.8% from 6.2%. Profitability was hurt by weaker market conditions and higher costs, with savings from the Goodyear Forward program and pricing actions only partially offsetting the pressure.
GT EMEA Improves on Pricing and Currency BenefitsGoodyear’s EMEA business performed relatively better, with sales rising 6.7% year over year to $1.36 billion even though tire volumes fell 8.5% to 11.2 million units. Higher prices, a better product mix and favorable currency impact helped offset weak market demand and lower sales of lower-tier products.
Segment operating income improved to $1 million from a loss of $5 million a year ago, lifting margin to 0.1% from negative 0.4%. The region also continued to gain market share in original equipment, supporting a better product mix despite uneven demand conditions.
Goodyear Asia Pacific Delivers Margin ExpansionGoodyear’s Asia Pacific business generated net sales of $455 million, down 4% year over year, as tire units dipped 3.8% to 7.5 million. The company said weaker demand from automakers in China hurt results, especially after government incentives were reduced.
Even with softer volume, segment operating income increased to $57 million from $45 million, and margin expanded to 12.5% from 9.5%. The improvement was driven by strong demand for premium products, better pricing relative to raw material costs, and savings from the Goodyear Forward program in the region.
GT Cash Usage Rises Amid Working Capital SwingsSelling, general & administrative expenses increased to $668 million from $650 million in the year-ago period.
Goodyear had cash and cash equivalents of $723 million as of March 31, 2026, down from $801 million reported as of Dec. 31, 2025.
Operating cash flow was negative at $718 million as of March 31, 2026, compared to negative $538 million recorded as of March 31, 2025, mainly due to weaker earnings and higher working capital requirements during the quarter.
Long-term debt and finance leases amounted to $5.28 billion as of March 31, 2026, down from $5.33 billion as of Dec. 31, 2025.
Capital expenditure for first-quarter 2026 was $175 million, down from $259 million reported as of March 31, 2025.
The company’s liquidity position remains under pressure as the first quarter typically uses significant cash and Goodyear continues to spend on restructuring and investments.
Goodyear Outlook Calls for Forward BenefitsGoodyear is relying on cost cuts and a better product mix to deal with weak demand and changing costs. The company expects about $90 million in savings from the Goodyear Forward program in the second quarter of 2026 and increased its full-year 2026 savings target to around $325 million.
For the second quarter of 2026, Goodyear expects about $50 million in benefits from pricing and product mix and around $100 million in raw material savings, though these gains are expected to be offset by roughly $200 million in higher inflation, tariffs, and other costs.
For full-year 2026, the company expects capital spending of about $725 million (previous estimate: $825 million). Interest expense is expected to be around $425 million. Depreciation and amortization are expected to be approximately $915 million.
How Have Estimates Been Moving Since Then?Since the earnings release, investors have witnessed a downward trend in fresh estimates.
The consensus estimate has shifted -207.41% due to these changes.
VGM ScoresAt this time, Goodyear has a subpar Growth Score of D, a grade with the same score on the momentum front. However, the stock was allocated a grade of B on the value side, putting it in the top 40% for this investment strategy.
Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. It's no surprise Goodyear has a Zacks Rank #5 (Strong Sell). We expect a below average return from the stock in the next few months.
Celebrating Seven Decades of Proven Suspension Performance Products for Commercial Vehicles and Mission-Critical Applications Around the World
FAIRLAWN, Ohio--(BUSINESS WIRE)--Goodyear® Air Springs by Infinity Engineered Products is celebrating the brand’s 70th anniversary in 2026. Founded in 1956, the Goodyear Air Springs heritage offers a true legacy of unrelenting focus on innovation, technology and products for the global heavy-duty and commercial transportation markets.
“Seventy years represents more than a milestone – it reflects generations of innovation, dedication, and trusted performance that continue to drive our company forward,” said Char Zawadzinski, Goodyear Air Springs, Chief Executive Officer.
Share Built on delivering trusted and durable suspension components to commercial vehicles and mission-critical applications for the last 70 years, Goodyear Air Springs continues its focus on product development, customers, and industry leadership.
Since 2007, Infinity Engineered Products has carried forward the Goodyear Air Springs legacy as the brand’s exclusive engineering and manufacturer, delivering trusted products and innovations. Throughout the course of the brand’s history, it has continued to expand its footprint in heavy-duty suspension innovations and solutions through the power of its employees, customer relationships and industry partners.
“Seventy years represents more than a milestone – it reflects generations of innovation, dedication, and trusted performance that continue to drive our company forward,” said Char Zawadzinski, Goodyear Air Springs, Chief Executive Officer. “The Goodyear Air Springs true legacy is in its highly skilled and dedicated employees who continue to serve our customers and drive the brand’s success today.”
Goodyear Air Springs began when Goodyear® officially entered the air spring market in 1956, helping shape the future of commercial vehicle suspension technology. Goodyear filed the original patent in 1962 for the revolutionary Rolling Lobe Air Spring, a breakthrough innovation that later became one of the most widely used global commercial suspension products. Throughout the next few decades, the Goodyear Air Springs footprint continued to expand through new products, assembly plants, research and design facilities, customer relationships, and more.
In June 2025, the company achieved a transformational milestone when Infinity Engineered Products and Meklas Otomotiv merged to unify the two air spring manufacturers under the Infinity Engineered Products name and allow broader reach of Goodyear Air Springs into Europe and around the world. “The company’s seventieth anniversary milestone reflects its ongoing dedication to customer partnerships, innovation-driven growth, and delivering long-term value across global markets,” said Alper Akdeniz, Global Sales Director, Goodyear Air Springs.
Further strengthening its European presence, Goodyear Air Springs participated in Transpotec Logitec 2026 in Milan alongside a valued Italian distributor, continuing the company’s strategic expansion throughout the European commercial transportation market. During the exhibition, Goodyear Air Springs officially presented the Italy Distribution Certificate to the Italian distributor team, marking another important milestone in the continued growth of the brand’s European distribution network.
Representing Goodyear Air Springs at the event were Selçuk Çelik, Vice President; Alper Akdeniz, Global Sales Director; and Mehmet Yaşar Telli, Sales and Marketing Chief, who participated in exhibition meetings and the certificate presentation alongside the Italian distributor leadership team.
This collaboration reflects a shared commitment to quality, reliability, customer support, and long-term growth throughout Italy and the broader European market. Together, Goodyear Air Springs and its Italian distributor are positioned to deliver expanded product availability, strengthened customer relationships, and the legendary performance the Goodyear Air Springs brand has delivered for the past 70 years.
“We are proud to continue building strong strategic partnerships throughout Europe that support our customers and expand the reach of the Goodyear Air Springs brand,” said Alper Akdeniz. “Our relationship with our Italian distributor represents an important step forward as we continue investing in long-term international growth and market leadership.”
The organization is positioned to deliver expanded air spring solutions for OEM and aftermarket customers across heavy-duty, agriculture and industrial markets, while strengthening global distribution and advancing product innovation under the vision of “United for Growth, Driven by Innovation.”
“As the company looks to the future, the Goodyear Air Springs brand remains committed to its mission of designing, manufacturing, and delivering high-performance air spring solutions that keep industries moving forward,” said Sean Manfredonia, Sr. Sales Manager – U.S. and Canada, Goodyear Air Springs.
To learn more about Goodyear Air Springs or Infinity Engineered Products, please contact your air springs sales representative and visit GoodyearAirSprings.com or call (877) 897-3469.
About Infinity Engineered Products
Since 1950, Infinity Engineered Products and Goodyear Air Springs have been one of the world’s premier designers and manufacturers of leading air springs that deliver long life, value, and performance. As a global leader in the engineering and development of air springs serving mission-critical industries, including supply chain and transportation, transit, agriculture, industrial, and emerging EV applications, the Infinity Engineered Products principal products are Goodyear® SuperCushion® rolling lobe air springs, Goodyear® SuperCushion® bellows air springs, and SpringRide® air springs. The company merged with Meklas Otomotiv in June 2025, leveraging the strengths of both companies to deliver broader, scalable, and customer-focused solutions to OEM and aftermarket sectors worldwide.
