Silver One zahájila gravitační průzkum v oblasti 417 na projektu Phoenix Silver v Arizoně, aby otestovala možné husté kovové těleso spojené s vysoce kvalitním stříbrem. Program zahrne až 2 800 gravitačních stanic; výsledky mají přijít po vyhodnocení.
Vancouver, British Columbia--(Newsfile Corp. - September 14, 2026) - Silver One Resources Inc. (TSXV: SVE) (OTCQX: SLVRF) (FSE: BRK1) ("Silver One" or the "Company") is pleased to announce the commencement of a microgravity test survey at the high-grade 417 area of its Phoenix Silver Project in Arizona. This program represents a significant next step in evaluating the potential for very high-grade native silver, as evidenced by near-surface native silver fragments, one of which weighs 190 kilograms (417 pounds) and is estimated to contain up to 70% silver based on specific gravity (see Company news releases February 5, 2020 and July 28, 2020).
The 417 area remains a priority exploration target due to the presence of large native silver fragments near surface and encouraging drill results. Drilling completed in 2024 intersected 3,800 g/t silver and 0.97% copper over 0.35 meters, along with anomalous silver values (10-90 g/t Ag) in 13 of the 30 core holes drilled. Elevated base metals (Cu ± Pb ± Zn) were encountered in all but one hole, highlighting the strength and continuity of the mineralized system (see Figure 1, and February 24, 2025 news release). However, very high-grade concentrations of silver were not encountered in that drilling program. Drill hole distribution and spacing suggests these very high-grade silver bodies may be lense-shaped or cylindrical shape bodies, occurring within the easterly trending 417 structures.
Native silver is also known to occur in historic workings to the northeast of Phoenix Silver and at the Mexican Mine located on the western portion of the property. Additional silver targets were identified by a geophysical ZTEM survey conducted by the company in 2024 (See Figure 2 and Company's news release of February 20, 2025).
Greg Crowe, Silver One President & CEO, commented: "Initiating microgravity surveying at Phoenix Silver is an important advancement in our exploration strategy. This technique provides the potential to detect dense subsurface bodies that conventional drilling may have missed. A successful outcome at the 417 area could support broader application across multiple high-priority targets, including the Mexican Mine and Nuggets North zones."
The newly initiated microgravity survey is designed to detect dense, metallic bodies at shallow to moderate depths-features that may represent the source of the high-grade silver fragments found in the area.
The test program consists of up to 2,800 gravity stations collected on a 5-meter grid. Field acquisition is expected to take approximately 30 days, followed by an additional 30 days for data processing, 3D modeling, and interpretation. Results will be released once the full analysis is finalized.
If the program successfully identifies gravity anomalies consistent with dense metallic accumulations, the Company plans to expand the survey westward to the Mexican Mine area, located roughly 600 meters west of the 417 zone, and to other high-priority targets across the property. These include the Nuggets North area, where a 1.5-kilometre-long train of more than 40 native silver fragments, weighing up to 9 kilograms (20 pounds), has been documented (See Figure 2).
Figure 1. Phoenix Silver Project. Location map 417 area including area drilled in 2024, and the Mexican Mine. Gravity survey will cover the area drilled.
To view an enhanced version of this graphic, please visit:
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Figure 2. Phoenix Silver property map showing location of the 417 area, Nuggets North area, as well as silver and porphyry targets superimposed on the 3D ZTEM resistivity Inversion 300 m depth map. Selected copper values of rock, dump, and rock-chip samples are also included.
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https://images.newsfilecorp.com/files/4730/314103_0c96e297449e08d1_002full.jpg
Grant of Security Based Compensation
Silver One also announces the grant of 4,775,000 stock options to its directors, officers and consultants. Each option is exercisable at $0.50 per share for a period of five years from the date of grant and subject to the vesting requirements as determined by the board of directors. Silver One also granted 2,850,000 deferred share units ("DSU") to its directors and officers. Each DSU will vest within one year of the date of grant and, upon ceasing to be a director or officer of Silver One, will entitle the holder to receive one common share for each vested DSU held.
Qualified Persons
The technical content of this news release, not related to the mineral resource, has been reviewed and approved by Robert M. Cann, P. Geo, a Qualified Person as defined by National Instrument 43-101 and an independent consultant to the Company.
About Silver One
Silver One is focused on the exploration and development of quality silver projects. The Company holds 100% interest in its flagship project, the past-producing Candelaria Mine located in Nevada. Potential reprocessing of silver from the historic leach pads at Candelaria provides an opportunity for possible near-term production. Additional opportunities lie in previously identified high-grade silver intercepts down-dip and potentially increasing the substantive silver mineralization along-strike from the two past-producing open pits.
The Company owns 636 lode claims and five patented claims on its Cherokee project located in Lincoln County, Nevada, host to multiple silver-copper-gold vein systems, traced to date for over 11 km along-strike.
Silver One also owns a 100% interest in the Silver Phoenix Project. The Silver Phoenix Project is a very high-grade native silver prospect that lies within the "Arizona Silver Belt," immediately adjacent to the prolific copper producing area of Globe, Arizona.
Forward-Looking Statements
Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Silver One cautions that all forward-looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors, many of which are beyond Silver One's control. Such factors include, among other things: risks and uncertainties relating to Silver One's limited operating history, ability to obtain sufficient financing to carry out its exploration and development objectives on the Candelaria Project, obtaining the necessary permits to carry out its activities and the need to comply with environmental and governmental regulations. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, Silver One undertakes no obligation to publicly update or revise forward-looking information.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/314103
Source: Silver One Resources Inc.
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Target's dividend streak just hit another milestone, but income investors focused on the checkmark may be missing the detail buried in the numbers that changes the entire story.
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Income screeners flag whether a company raised its dividend, not by how much. That distinction is the whole story at Target (NYSE:TGT | TGT Price Prediction).
Metric: Year-Over-Year Dividend Raise Size Target just declared a quarterly dividend of $1.16 per share, a 1.8% increase from the prior year. That matches the 1.8% raise pattern seen across the prior three quarters. Compare that to the step up from $0.68 to $0.90 in 2021 and $0.90 to $1.08 in 2022. The streak is intact. The step size has collapsed to a couple of pennies.
Why It Matters More Than the Streak A raise that trails inflation is a real income cut, even as the nominal payout ticks up and the 50-plus year Dividend King status stays alive. Screeners see the checkmark. Retirees living on the check feel the erosion.
Current State and the Fair Read Prudence is a legitimate reading. FY2026 operating cash flow fell to $6.562 billion, down 10.93%, capex jumped 28.92% for remodels, and management is “moving towards a 40% payout ratio over time.” A token raise beats a cut. But slowing raises usually track a business under margin pressure: this is a national general merchandiser fighting mass discounters and e-commerce on traffic, markdowns, and inventory turns.
What to Watch at the June 2027 Announcement Bullish reversal: a mid-single-digit raise, signaling confidence that the 3.8% comp and 3.6% traffic gains are durable once $994M IEEPA tariff refunds lap. Bearish confirmation: another 1.8% token raise, cementing that apparel and home still drag margins.
Verdict The streak is a marketing fact; the raise size is the financial one, and right now it says caution. (For a look at Dividend Kings that are still raising with conviction, we ranked ten of them by valuation in a free report here.)
Contact [email protected] for any questions or corrections.
Target letos do 8. září včetně dividend přidal 71 % a výrazně tak překonal S&P 500 s 13 %. Tržby ve 2. fiskálním čtvrtletí vzrostly o 3,8 % a hrubá marže se zlepšila na 30 %.
After a period of underperforming the market, Target (TGT +0.06%) shareholders have been pleased with this year's return. The stock has had a total return, including dividends, of 71% year to date through Sept. 8. That crushed the S&P 500 index's 13% return.
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Nonetheless, the share price has a lot more upside potential, given Target's prospects and valuation.
Image source: Getty Images.
Target's sales were sluggish before this year. But Michael Fiddelke, promoted to CEO earlier this year, hit the ground running. He implemented plans that included going back to the trendier, differentiated merchandise that originally drew customers to Target. Fiddelke has also invested in store improvements and technology to improve the shopping experience.
Although it's early in the process, this year's results have shown improvement. Target's fiscal second-quarter same-store sales (comps) grew 3.8%. Notably, the increase was almost entirely driven by higher traffic, which accounted for 3.6 percentage points.
It's not discounting merchandise to boost sales, either. Excluding tariff refunds, Target's gross margin expanded about 1 percentage point to 30%. That's due to fewer markdowns and higher sales of advertising and other non-merchandise sales.
Meanwhile, despite the 66% share price gain this year, Target still has an attractive valuation. Target's price-to-earnings (P/E) ratio increased from 12 to 17 during this time. However, that's a much lower P/E multiple than the S&P 500's 26.
Additionally, shareholders can confidently collect dividends, given that Target has raised the payout for 55 straight years. That includes boosting this month's payment by 1.8% to $1.16 per share.
At the new quarterly rate, Target pays a $4.64 annualized dividend. That equates to a 2.9% dividend yield, nearly triple the S&P 500's 1.1% yield.
For years, Rivian (RIVN -0.13%) marched closer and closer to profitability. Its progress on that front was impressive, given how difficult it is to scale a capital-intensive electric vehicle (EV) manufacturing business from scratch.
In the fourth quarter of 2024, Rivian posted positive gross margins for the first time in its history. Positive gross margins were generated in several subsequent quarters, leading many investors to believe that management's long-term guidance -- which called for positive adjusted EBITDA margins by 2027 -- would soon be realized.
In March, however, Rivian's executive team quietly dropped the company's 2027 profit target. That might seem alarming, but the shift in priorities should ultimately set Rivian up for greater long-term success.
Image source: Rivian.
Here's why Rivian is better off after dropping its profit target Tesla (TSLA +0.52%) proved it was possible to build an EV business from scratch while generating long-term, sustainable profits. Over the last three years, Tesla's stock price has risen by more than 50%. Yet Tesla's auto sales have actually declined for several years in a row.
Why is Tesla stock rising as its auto sales fall? Because investors realize that the future of EVs doesn't rely just on manufacturing. Success for EV makers also hinges on their ability to develop self-driving software. In the future, consumers will demand cars that are fully autonomous. Autonomous features will also be critical for selling into the quickly emerging robotaxi market. Tesla has invested aggressively in autonomous vehicles, and the market has rewarded it for its efforts.
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Rivian has also invested aggressively in self-driving technologies. But it arguably remains far behind deep-pocketed competitors like Tesla. To sell EVs long term -- whether to consumers or robotaxi operators -- Rivian needed to accelerate its investments in autonomous driving tech. That's exactly what management decided to do earlier this year, when Rivian announced that it no longer expects to be profitable in 2027 "due to an expected increase in R&D spend associated with the acceleration of its autonomy roadmap."
Given how critical autonomous tech will be to Rivian's long-term future, investors should applaud the move.
Ryan Vanzo has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Tesla. The Motley Fool has a disclosure policy.
Akcie Marvell Technology vzrostly o 5 % po zahájení pokrytí ze strany Piper Sandler s cílovou cenou 270 USD. Firma těží ze své role v AI datových centrech a custom compute.
Piper Sandler just put a fresh bullish stamp on Marvell with a new price target, and CEO Matt Murphy is calling the company the Switzerland of AI silicon. Whether that neutrality is a strength or a liability ahead of a…
Marvell Technology (NASDAQ:MRVL | MRVL Price Prediction) stock is up 5% to $237.69 midday Friday after Piper Sandler kicked off its coverage with a bullish setup. It caps a strong recent stretch for Marvell shares. That initiation is doing the heavy lifting on today’s move for Marvell.
Broadcom (NASDAQ:AVGO) stock is up 1% to $364.83 alongside the broader AI semi bid supporting Marvell. Meanwhile, NVIDIA (NASDAQ:NVDA) stock is holding steady, up 0.4% to $219.26. Both are supplying peer confirmation for Marvell rather than leading the move.
The sector move is to the upside but measured. The iShares Semiconductor ETF (NASDAQ:SOXX) is up 2% at midday. Moreover, the Invesco QQQ Trust (NASDAQ:QQQ) is up 1%, so Marvell is outpacing both the semiconductor group and the broad technology complex.
Piper Sandler Starts Marvell With a Bullish Setup Piper Sandler analyst David O’Connor initiated Marvell stock with a $270 price target, pointing to the company’s expanding role in artificial intelligence data centers and custom compute. O’Connor flagged Marvell’s positions in digital signal processors (DSPs), custom connectivity, and long-standing relationships with large cloud providers as the platform for future demand in custom AI hardware and co-packaged optics.
The larger prize, per O’Connor, may sit in Marvell supplying custom accelerator solutions to hyperscalers building their own graphics processing unit (GPU) alternatives. That framing lines up with the custom silicon acceleration Marvell management has flagged for the second half of fiscal 2027, and it puts a fresh sell-side stamp on the same thesis powering the recent rally in Marvell shares.
Piper Sandler’s call also highlights co-packaged optics as an emerging opportunity for Marvell. That corner of the AI infrastructure stack is one where Marvell already ships optical DSP technology and where the timing of hyperscaler adoption remains a key variable. Today’s initiation gives that debate a fresh anchor for Marvell bulls.
Coverage matters here because Piper Sandler is starting Marvell fresh rather than lifting an existing rating, which brings a new set of institutional clients into the name. That kind of debut tends to draw incremental flows over a period of days rather than a single session, especially into an event-heavy calendar for Marvell.
Marvell’s Switzerland Pitch and Its Limits Chairman and CEO Matt Murphy, speaking with CNBC’s Jim Cramer this week, described Marvell as working across every GPU and accelerator platform in the market. Murphy said, “We are basically the Switzerland of this entire market right now. We work with everybody,” adding that Marvell partners with all four major U.S. hyperscalers on custom silicon and holds a significant position in optical connectivity.
Murphy expects more than $15 billion of Marvell’s projected revenue next year to come from data centers, a category that stood at a small fraction of that size only a few years ago. The scale of that shift is why the AI narrative around Marvell has hardened, and why Piper Sandler’s target is anchored to data center rather than legacy end markets.
For Marvell, the neutrality also carries risk. Broadcom holds many of the incumbent custom silicon relationships Marvell wants, and being everyone’s partner still forces Marvell to fight for share deal by deal. That competitive overhang is one reason Marvell shares have historically traded with high beta to AI capex sentiment.
What to Watch Marvell’s next scheduled catalyst is its October 6 investor day, where Murphy plans to present a new multi-year roadmap. That’s the checkpoint where the data center trajectory either supports Piper Sandler’s constructive setup for Marvell or falls short of it.
Between now and then, Marvell stock is likely to trade on broader AI capex signals and any peer commentary out of Broadcom and NVIDIA (we rounded up seven suppliers powering that buildout, from power to cooling, in a free report). Investors sizing new exposure to Marvell may want to keep an eye on whether the stock holds its recent breakout ahead of the October event, and should size their positions to the volatility a post-run initiation tends to invite.
The Marvell stock setup into October is a rare one for a semis name. A fresh Street initiation, an already-hot stock, and a scheduled roadmap event all sit inside a four-week window. For MRVL shareholders, the next few sessions may matter more for setting a range than for confirming a direction.
Contact [email protected] for any questions or corrections.
Toogood Gold na projektu Table Mountain v Nevadě identifikovala dva cílové koridory pro prioritní vrty, Widowmaker a Pacifico, s kumulativní délkou více než 10 km. Společnost zároveň zahájila povolovací proces pro svůj první vrtací program.
Vancouver, British Columbia--(Newsfile Corp. - September 10, 2026) - Toogood Gold Corp. (TSXV: TGC) (OTCQB: TGGCF) (FSE: D3P) ("Toogood" or the "Company") announces the definition of two priority, multi-kilometre drill-target corridors, the Widowmaker and Pacifico trends, following completion of 1:5,000-scale geological mapping at its Table Mountain Gold-Silver Project ("Table Mountain" or the "Project") in Lincoln County, Nevada.
Highlights
Phase 1 mapping completed: Detailed 1:5,000-scale mapping has refined the volcanic stratigraphy, hydrothermal alteration, structural framework and epithermal veining across the Project;Widowmaker trend defined over more than 5 km: A major arcuate structural corridor extending through the core of the epithermal system and hosting a metre-scale epithermal vein intermittently exposed over more than 1 km, with associated float extending along a trend of more than 2 km;Pacifico trend defined over more than 5 km: A subparallel arcuate structural corridor located approximately 500 m east of Widowmaker and comprising multiple prospective faults hosting epithermal veins;Multiple priority drill targets identified: Kilometre-scale bends, stepovers, jogs and structural intersections define high-priority areas for drill testing;Evidence of boiling and system preservation: Vein and silica textures indicate widespread boiling and suggest that the prospective gold-silver interval may be preserved at depth;Exploration advancing: Field acquisition for UAV magnetics and ground gravity, together with soil and rock sampling, has been completed, with a 15 line-kilometre CSAMT survey scheduled for September; andDrill permitting initiated: Notice of Intent ("NOI") work is underway in support of the Company's planned maiden drill program.Management Commentary
"We are increasingly encouraged by the structural architecture emerging at Table Mountain," stated Lee Hess, VP of Exploration. "Our work continues to define a large, well-preserved epithermal system characterized by laterally extensive, interconnected structural corridors that we believe provided important pathways for hydrothermal fluid flow. The scale and continuity of these structures, together with the intensity of alteration observed across the property, highlight the potential for a significant mineralizing system at depth. From a structural geology perspective, Table Mountain has many of the characteristics we look for when evaluating large-scale, low-sulphidation epithermal gold-silver systems, and we are excited to advance these corridors toward drill testing."
"Completion of Phase 1 mapping has significantly advanced our understanding of Table Mountain and established Widowmaker and Pacifico as the Project's two highest-priority drill-target corridors," stated Colin Smith, CEO and Director. "Both trends combine complex fault architecture, multiple epithermal veins and widespread evidence of boiling within a well-preserved epithermal system. With drill permitting underway, we are integrating the pending analytical and geophysical results to refine targets and advance Table Mountain toward its maiden drill program."
Geological and Structural Mapping
The Company has completed 1:5,000-scale geological and structural mapping across Table Mountain. The program refined the volcanic stratigraphy and distribution of hydrothermal alteration, epithermal veins, hydrothermal breccias and major structures across the Project (Figure 1).
Table Mountain is comprised predominantly of well-preserved, generally sub-horizontal Early Miocene poorly welded rhyolitic tuffs, intensely welded flows and intrusive rocks overlying older Oligocene rocks of the Indian Peak Caldera Complex. A fluvial, volcano-fanglomerate unit gradationally overlies the explosive tuff sequence and may record breaching of a caldera lake and a rapid change in the paleo-water table. The sub-horizontal stratigraphy suggests that the epithermal system has experienced limited post-mineral fault displacement and block rotation. Local offsets are observed in the southern Project area, where major northeast-trending structural corridors down-drop the volcanic sequence toward the southeast.
Epithermal quartz veins, hydrothermal breccias, chalcedonic blankets and recrystallized opaline silica occur along structures and lithological contacts throughout Table Mountain. These features occur within a coherent, approximately 4 km by 2 km hydrothermal alteration footprint previously defined by hyperspectral surveying.
Mapping identified two principal subparallel, arcuate structural corridors, Widowmaker and Pacifico, which together comprise more than 10 km of cumulative prospective strike. A hydrothermal breccia unit, mapped over approximately 2 km of strike, is spatially bounded by the two corridors (Figure 1; unit Tsbx). The rhyolitic protolith is pervasively silicified and brecciated, contains widespread lattice quartz textures, and is locally crosscut by chalcedonic veins. Together, these features record multiple phases of hydrothermal fluid flow, brecciation and silica sealing (Figure 3).
Figure 1: 1:5,000-scale geological and structural map of Table Mountain showing faults, volcanic stratigraphy, epithermal veins, and 2025 Orogen rock-sample gold and mercury values.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11439/313777_008f137634e908ec_002full.jpg
Widowmaker Trend
Widowmaker is an arcuate structural corridor extending for more than 5 km through the core of the epithermal system. A metre-scale epithermal quartz vein, dipping 75° to 85° west-northwest, is intermittently exposed over more than 1 km. Vein float indicates a potential strike extent of more than 2 km. Mapping also identified additional banded quartz veins, pervasive silicification and hydrothermal brecciation along the corridor (Figure 2).
Multiple flexures, jogs and structural intersections occur along Widowmaker, including an approximately 3 to 4 m wide northwest-trending quartz vein intersecting the southwestern portion of the corridor (Figure 2, Photo 6). These areas of structural complexity may have enhanced permeability and represent priority targets for drill testing.
Figure 2: Panoramic view and representative field photographs along the Widowmaker trend, showing vein outcrop and float (1 to 3), pervasively silicified tuff (4), lattice and crustiform-colloform vein textures (5), and a 3 to 4 m wide crosscutting quartz vein defining a priority structural intersection target (6).
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https://images.newsfilecorp.com/files/11439/313777_008f137634e908ec_003full.jpg
Pacifico Trend
Pacifico is a subparallel arcuate structural corridor located approximately 500 m east of Widowmaker (Figure 1). The corridor comprises more than 5 km of cumulative mapped fault trace and hosts multiple structurally controlled, banded epithermal quartz veins. Pervasive silicification and localized steam-heated alteration occur along the corridor.
The spatial association of veining, alteration, hydrothermal breccias, structural complexity and historical gold and mercury anomalies defines multiple priority areas for CSAMT coverage and continued drill-target refinement.
Figure 3: Hydrothermal breccia (unit Tsbx) comprising silicified rhyolitic clasts within a quartz-rich matrix containing abundant lattice-bladed quartz textures, recording repeated brecciation and silica sealing.
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https://images.newsfilecorp.com/files/11439/313777_008f137634e908ec_004full.jpg
Next Steps
Toogood's near-term work program at Table Mountain will include approximately 15 line-kilometres of controlled-source audio-frequency magnetotelluric ("CSAMT") surveying by Zonge International across priority target areas along the Widowmaker and Pacifico corridors (Figure 4).
CSAMT is designed to image subsurface electrical-resistivity contrasts potentially associated with major structures, silicification, alteration and hydrothermal fluid pathways. The survey will help evaluate the geometry and continuity of mapped structures and alteration beneath areas of limited exposure, providing an additional dataset for refining priority drill targets.
The Company will also receive, compile and interpret all pending soil and rock assay results and final processed ground-gravity and UAV-magnetic products. These datasets will be integrated with the completed geological mapping and LiDAR to rank and refine priority drill targets and develop drill sections across the Table Mountain epithermal system.
In parallel, SWCA Environmental Consultants has been engaged to advance the NOI process for the Company's planned maiden drill program.
Figure 4: Planned CSAMT survey lines (blue), comprising approximately 15 line-kilometres across priority vein-bearing structures and 2025 Orogen rock-sample gold and mercury anomalies along the Widowmaker and Pacifico corridors.
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https://images.newsfilecorp.com/files/11439/313777_008f137634e908ec_005full.jpg
Historical Rock Sampling and Analytical Methods
The rock-sample gold and mercury values shown in Figures 1 and 4 are from first-pass reconnaissance sampling completed by Orogen Royalties in 2025 and were previously disclosed by the Company on March 2, 2026. Samples were selective or grab in nature and are not necessarily representative of overall grade or true width. Samples were analyzed by ALS Geochemistry using Au-ICP21 (30-gram fire assay with ICP-AES finish) and multi-element methods Hg-MS42 and ME-MS61. Sample preparation was completed at ALS Reno, with analyses completed at ALS Vancouver. Orogen's reconnaissance program did not include the insertion of certified reference materials, blanks or field duplicates; accordingly, the results should be considered preliminary. The Company is independently verifying these results through its 2026 rock-sampling program, for which assays remain pending.
Qualified Person
Colin Smith, M.Sc., P.Geo., a Qualified Person under National Instrument 43-101, has reviewed and approved the technical information contained in this news release. Mr. Smith is not independent of the Company, as he serves as its CEO and Director and owns securities of the Company.
About Toogood Gold Corp.
Toogood Gold Corp. is a Canadian exploration company focused on the discovery and advancement of high-grade gold systems in tier-one mining jurisdictions. The Company has two core areas of focus: the Table Mountain Project in Nevada, where the Company has an option to earn a 100% interest in a large, undrilled low-sulphidation epithermal system with extensive surface alteration and multiple mineralized vein exposures; and the district-scale Toogood Gold Project in Newfoundland, where the Company has an option to earn a 100% interest in a 164 km² land package covering a highly underexplored gold district with multiple target areas and demonstrated gold prospectivity.
Additional information about Toogood Gold Corp. can be found at www.sedarplus.ca.
Forward-Looking Information
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Generally, forward looking information can be identified by the use of forward looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain acts, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved".
Forward-looking statements or information are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those reflected in the forward-looking statements or information, including, without limitation, the need for additional capital by the Company through financings, and the risk that such funds may not be raised; the speculative nature of exploration and the stages of the Company's properties; the effect of changes in commodity prices; regulatory risks that development of the Company's material properties will not be acceptable for social, environmental or other reasons; availability of equipment (including drills) and personnel to carry out work programs; and that each stage of work will be completed within expected time frames. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements or information. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information.
The Company's forward-looking statements and information are based on the assumptions, beliefs, expectations and opinions of management as of the date of this news release, and other than as required by applicable securities laws, the Company does not assume any obligation to update forward-looking statements and information if circumstances or management's assumptions, beliefs, expectations or opinions should change, or changes in any other events affecting such statements or information.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/313777
Source: Toogood Gold Corp.
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Green Bridge Metals oznámila, že v Titac South v Minnesotě navrtala 195,0 m s obsahem 0,25 % Cu a 10,18 % TiO2. Step-out vrt potvrdil mineralizaci na dosud netestovaném geofyzikálním cíli.
VANCOUVER, BC / ACCESS Newswire / September 10, 2026 / Green Bridge Metals Corporation (CSE:GRBM)(OTCQB:GBMCF)(FWB:J48, WKN: A3EW4S) ("Green Bridge" or the "Company") is pleased to report the final assay results from its Phase 1 diamond drill program at the Titac Project, located within the Company's South Contact Zone Project in northeastern Minnesota, U.S.A. (Figure 1).
Highlights
At Titac South, drill hole TS26-004a intersected 195.0m grading 0.25% Cu and 10.18% TiO₂, including 62.0m grading 0.29% Cu and 10.54% TiO₂. The core hole transected the southwest portion of the mineralized zone from southeast to northwest and confirmed the existing mineralization.Final assay results received for all remaining holes from the six-hole Phase 1 Titac South program.Exploratory step-out hole TS26-007, testing a previously untested geophysical target, returned 12.0 m @ 0.20% Cu, 8.33% TiO₂, 0.15% V₂O₅, intersecting mineralization associated with the geophysical anomaly.Results support the effectiveness of 3D VTEM inversion modelling as a targeting tool for Oxide Ultramafic Intrusions on the property, with 5 of the 8 identified targets remaining untested and available for future drill programs (Figure 3).All six Phase 1 holes intersected sulphide mineralization, consistent with the geological model (see News release dated May 27, 2026).Phase 1 results have increased the Company's confidence in the Titac South geological model and have supported the Company's decision to accelerate its Phase 2 drilling program. Phase 2 is designed to advance Titac by targeting the inclusion of copper and expansion of the existing resource at Titac North, and, together with ongoing metallurgical test work, supporting a scoping study by the end of 2027.Assay results have now been received for the remaining three holes of the six-hole Phase 1 program at Titac South. These results include an exploratory step-out drill hole that tested a previously untested geophysical anomaly identified through 3D VTEM inversion modelling. The step-out hole intersected copper and titanium dioxide mineralization associated with Oxide Ultramafic Intrusion ("OUI") host rock, validating the targeting approach and supporting follow-up exploration for possible additional mineralized zones at the Company's other targets on the Titac property. To date, 3 of the 8 geophysical (OUI) targets identified on the property have been drill-tested, leaving 5 targets untested and available for future exploration (Figure 2; Appendix 1).
David Suda, President and Chief Executive Officer, commented: "The final assay results from our six-hole Phase 1 program at Titac South provide further confidence in our geological interpretation of the system, and show copper consistently occurring alongside titanium in the mineralization. Equally significant is our step-out hole, which successfully intersected copper and titanium mineralization at a previously untested geophysical target, validating our 3D VTEM inversion model as an effective tool for identifying new mineralized zones, with five additional targets across the property now available for follow-up drilling. Given Phase 1 results, we are accelerating Phase 2 well ahead of the previously planned 2027 program. Our Phase 2 goal is to bring copper into our existing titanium resource and expand it through additional drilling at Titac North. Details of the Phase 2 program will be announced shortly."
Figure 1: Map of the South Contact Zone Project showing Titac property at the southern end.
Figure 2: Map of the Titac property showing the geophysical targets (red polygons), and recent drill program on the right. On the left is the modelled Cu (0.27% cutoff) looking northeast. Results from the recent assays are labelled with bold traces, while drill results from earlier in the 2026 program are shown as narrower lines.
Figure 3: Image (viewing east-southeast) showing the regional 3D VTEM Inversion model with current and historic drill holes. Titac North, Titac South, the OUI mineralization intersected in drillhole TS26-007, and an untested OUI to the SE are annotated around the blue OUI shapes identified through inversion modeling from the 2025 VTEM survey at Titac.
Technical Overview The Titac property forms part of the Company's South Contact Zone Project in the Duluth Complex. Titac South hosts an inferred mineral resource estimate of 46.6 million tonnes grading 15% TiO₂ (see the National Instrument 43-101 ("NI 43-101") technical report entitled "Technical Report and Mineral Resource Estimate for the South Contact Zone Project, St. Louis County, Minnesota, USA" with an effective date of September 18, 2024, as available under the Company's profile at www.sedarplus.ca).
Inferred mineral resources have a high degree of uncertainty as to their existence and as to whether they can be mined economically. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Mineral resources that are not mineral reserves do not have demonstrated economic viability.
The Phase 1 program was designed to evaluate copper distribution within the known titanium resource at Titac South and to test the predictive value of 3D VTEM inversion modelling. The step-out hole targeted one of several previously unrecognized anomalies that exhibit coincident magnetic and conductive responses consistent with known mineralized OUIs.
Significant Assay Results - Titac South
Assay results from the remaining three holes are summarized in Table 1 below. Results from the first three holes (TS26-002a, TS26-003 and TS26-005) were previously reported on May 27, 2026 (See Company News Release Dated May 27, 2026). All reported intervals are downhole lengths. True widths cannot currently be determined with confidence because of the irregular geometry of the mineralized zones.
Table 1. Titac South 2026 Drill Program Significant InterceptsHole IDFrom (m)To (m)Interval (m)Cu (%)TiO2 (%)V2O5 (%)PGE (ppb)TS26-00126.2299.0272.80.084.531.3414.1 26.261.034.80.135.890.0615.0 203.0273.070.00.147.540.0918.7Including203.0211.08.00.2511.230.1120.8Including237.0257.020.00.196.170.0821.5TS26-004a35.0302.0267.00.2310.280.1022.1 35.059.024.00.3210.920.11107.0 65.0261.0195.00.2510.180.0913.9Including127.0189.062.00.2910.540.0913.9 271.0291.020.00.1812.550.1411.4TS26-00720.0382.0362.00.063.400.0612.6 234.0244.010.00.105.920.169.6 252.0264.012.00.208.330.1517.7 284.0300.016.00.176.190.1023.2*For each hole, the first row (shaded, aligned with the drill hole ID) reports the calculated interval for the entire hole.
*Full table of results including collar locations, azimuth, dip, and total depth available in Appendix 1.
Quality Assurance and Quality Control
Green Bridge Metals exploration samples were collected in accordance with industry standards and best practices. All samples were submitted to Activation Laboratories Ltd. in Thunder Bay, Ontario, for geochemical analysis. Analytical methods included fire assay with ICP-OES analysis for gold and platinum group elements, sodium peroxide fusion with ICP-OES analysis for trace elements, and lithium metaborate fused-disc XRF analysis for major element composition. Activation Laboratories Ltd. is independent of the Company.
For historical assay information, and for a further discussion of the Company's QA/QC, data verification, analytical and testing procedures, readers should refer to the "Technical Report and Mineral Resource Estimate for the South Contact Zone Project, St. Louis County, Minnesota, USA" with an effective date of September 18, 2024, prepared by independent Qualified Persons (as defined in NI 43-101) Michael B. Dufresne (P.Geol., P.Geo.), Andrew J. Turner (P.Geol., P.Geo.), Fallon T. Clarke (P.Geo.) and Christian Bohm (P.Geo.), a copy of which may be obtained under the Company's profile at www.sedarplus.ca
Lengths reported in this news release are drill intersections and not necessarily true widths. The locations and distances shown on maps are approximate. Geological interpretations in this news release are those of the Company.
Qualified Person
The scientific and technical information contained in this news release has been reviewed and approved by George Hudak, Chief Geologist of Green Bridge Metals Corporation, who is a Qualified Person as defined by NI 43-101.
About Green Bridge Metals
Green Bridge Metals Corporation is a North American mineral exploration company focused on the discovery and development of critical mineral assets in tier-one jurisdictions. The Company's South Contact Zone Project in Minnesota hosts titanium-copper-vanadium mineralization within the Duluth Complex. The Company is committed to responsible exploration practices and the development of domestic supply chains for the minerals essential to the clean energy transition and national security.
On Behalf of Green Bridge Metals Corporation
David Suda, President and Chief Executive Officer
For further information please contact:
David Suda President & CEO
Tel: 604-928-3101
Email: [email protected]
Forward-Looking Information.
Certain statements and information in this news release constitute "forward-looking information" within the meaning of applicable Canadian securities laws (collectively, "forward-looking information"). Forward-looking information is based on expectations, estimates and projections as at the date of this news release and is generally identifiable by words such as "anticipates", "believes", "expects", "intends", "plans", "targets", "may", "will", "could", "should", "potential" and similar expressions, or statements that certain actions, events or results "will", "may" or "could" occur or be achieved. Forward-looking information in this news release includes statements regarding: the interpretation and significance of the Phase 1 assay results and geophysical anomalies; the scale, continuity and copper distribution of the Titac mineralized system; the effectiveness of 3D VTEM inversion modelling as a targeting tool; the existence, location and prospectivity of untested targets and the potential to identify additional mineralized zones; the acceleration, timing, design, scope and objectives of Phase 2 drilling and the timing of any related announcement; the potential inclusion of copper in a future updated mineral resource estimate; the potential expansion or upgrading of the existing mineral resource, including through drilling at Titac North; the timing, scope and results of future exploration, drilling, modelling and metallurgical test work; and the Company's evaluation, preparation and targeted completion by the end of 2027 of a potential scoping-level study.
Forward-looking information is based on management's reasonable assumptions, estimates, analyses and opinions as of the date hereof, including assumptions regarding: the accuracy and reliability of assay results, sampling and analytical data and the Company's geological and geophysical interpretations; the continuity and geometry of mineralization; the ability of 3D VTEM inversion modelling to identify prospective drill targets; the availability of equipment, personnel, contractors, supplies and services on acceptable terms; the Company's ability to obtain required permits, authorizations and land access in a timely manner; the availability of financing on acceptable terms; commodity prices, foreign exchange rates and market conditions; the results and timing of future drilling, modelling and metallurgical test work; and the absence of material adverse changes affecting the Company or the Titac Project. While the Company considers these assumptions reasonable as of the date of this news release, they may prove to be incorrect.
Forward-looking information is inherently subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from those expressed or implied by such forward-looking information. These risks and uncertainties include, among others: the speculative nature of mineral exploration and development; the possibility that future drilling will not confirm the Company's geological or geophysical interpretations, the continuity or grades of mineralization, or the prospectivity of untested targets; uncertainty in the estimation of mineral resources, including the risk that further work will not support the inclusion of copper in, or an expansion or upgrade of, a future mineral resource estimate; the inability to determine true widths at this stage; variations in assay results, geological interpretation and metallurgical performance; the risk that exploration, drilling, modelling, test work or a scoping-level study may be delayed, modified, suspended or not completed; the availability and cost of financing, equipment, labour and services; permitting, environmental, land access, community relations and regulatory risks; changes in commodity prices, foreign exchange rates, capital and operating costs or market conditions; title and tenure risks; environmental hazards, accidents, weather and other operational risks; changes in applicable laws and policies; and the other risks disclosed in the Company's public filings. Mineral exploration involves substantial risk, and there can be no assurance that ongoing or future work will result in the discovery of a mineral deposit, the delineation or expansion of a mineral resource, the conversion of an inferred mineral resource to a higher category, the definition of a mineral reserve or the development of a mine.
Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. Readers are cautioned not to place undue reliance on forward-looking information. The forward-looking information contained in this news release is provided as of the date hereof, and the Company disclaims any intention or obligation to update or revise such information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.
The Canadian Securities Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
Appendix 1: Titac South 2026 Drill Program Interval Results
WestGold na projektu Amie vytyčil prioritní geofyzikální cíl dlouhý zhruba 1,95 km a rozšířil pozemkový balík v Idahu na 124 nároků o rozloze 984,5 hektaru.
Vancouver, British Columbia – TheNewswire - September 10, 2026 – WestGold Metals Corp. ("WestGold" or the "Company") (CSE: WGM; OTCQB: WGMTF; FSE: V0U) is pleased to announce that, further to its August 18, 2026 news release, it has completed its review of the historical technical database for its Idaho Portfolio, including a 2025 induced polarization ("IP") survey at Amie and a 2024 independent structural mapping study, both commissioned by IDEX Metals Corp. ("IDEX"). The Company also announces an expansion of its claim package and the commencement of a surface exploration program.
Highlights
A coherent chargeability anomaly approximately 1,950 metres in length. Three-dimensional modelling of the 2025 IP survey defines a principal chargeability body approximately 1,950 metres long, together with a second body approximately 730 metres long to the northwest, coincident in part with mineralised structures mapped at surface and open along strike. Eleven IP targets were delineated across the property.
Independent structural study concluded Amie is "a project of merit" and "drill ready”. The independent study identified a possible multi-phase system at Amie. These multi-phase systems are known to host significant deposits in the area including the Delamar Project owned by Integra Resources, which hosts 4.6 Moz of gold (1.26 Moz Reserves, 2.95 Measured and Indicated, 0.4 Moz Inferred) and 211.4 Moz Ag (52.3 Moz Reserves, 144.2 Moz Measured and Indicated, 14.9 Moz Inferred).
Geophysics and structure combined into a single drill plan. WestGold has integrated the geophysical and structural datasets with historical soil geochemistry, rock sampling and mine workings, and has revised proposed drill collar positions and orientations accordingly.
High-grade gold and silver at surface. Historical selective sampling at Amie has returned values up to 106.8 g/t gold and, in a separate sample, up to 1,875 g/t silver.*
Amie has an existing Mining Notice. Drilling at the Amie Project is authorised under a Mining Notice previously approved by the U.S. Bureau of Land Management (BLM”). WestGold is completing the transfer of the Notice into its name and renewing it for a further two-year term, meaning the Company is not starting the drill permitting process from scratch.
Idaho land package expanded. The Company has staked an additional 37 unpatented lode claims covering approximately 308.8 hectares at the Amie project, increasing the Idaho Portfolio to 124 claims covering approximately 984.5 hectares.
Current field program to support drill design. A 566-sample soil geochemical program, together with geological mapping and rock sampling, is underway at Amie and Silver Rock. This represents the final field component required to finalise the maiden drill design at Amie.
Completion of Technical Review
WestGold's technical team, led by Vice President Exploration Antoine Soucy-Fradette, began compiling and reinterpreting the technical database for the Idaho Portfolio during its due diligence on the properties, and has continued that work through completion of the option agreement and into the design of the current field program.
The database comprises 978 soil samples collected within the Amie claim boundary in 2023 on a grid of 100 metre-spaced lines with 50 metre sample intervals; 137 rock chip, outcrop, pit and dump grab samples collected across the property between 2021 and 2024; short-wave infrared spectral analysis of 58 rock samples; historical mine plans and sampling records held by the Idaho Geological Survey; a 2024 independent technical report prepared under National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”); and the two studies described below.
2025 Induced Polarization Survey
An IP survey was completed at the Amie Project by TMC Geophysics on behalf of IDEX between November 20 and December 10, 2025. The survey comprised 24.05 line-kilometres of data acquired along 13 northwest–southeast oriented lines spaced 200 metres apart, using a pole-dipole electrode array with 50 metre dipole spacing. Three-dimensional inversion models of resistivity and chargeability were generated to a vertical depth of approximately 275 metres.
The survey delineated eleven polarizable target areas, designated IPA-1 to IPA-11. Measured chargeability values across the grid ranged from -0.9 to 22.3 mV/V, with an average of 7.5 mV/V. The anomalies are interpreted by the survey author as reflecting relatively thick bands of altered rock enriched in disseminated sulphides, rather than massive sulphide accumulations, and are described as favourable targets to host gold and/or silver mineralisation.
The two highest-priority axes identified are:
IPA-3 – a broad, locally sub-outcropping target striking approximately north-northeast, open to the southwest, and locally coincident with the eastern mineralised corridor mapped at surface covering the Overall mine and adits.
IPA-10 – a broad target striking approximately north-northeast, open to the northeast and covering the location of the Amie Mine.
The survey report proposes seven diamond drill holes totalling approximately 1,535 metres, at depths of between 175 and 260 metres, to test five prioritised IP axes.
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Figure 1: Apparent Resistivity at 100m Vertical Depth Showing IP Axes
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Figure 2: Apparent Chargeability at 100m Vertical Depth Showing IP Axes
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Figure 3: Apparent Chargeability at 200m Depth Slice
2024 Structural Mapping Study
A program of detailed geological and structural mapping was completed at Amie in 2024 by Specialised Geological Mapping Ltd (“SGM”) of the United Kingdom, on behalf of IDEX. The work was carried out by Dr. Luca Smeraglia and Dr. Warren Pratt (PhD, CGeol) and reported in September 2024. Key conclusions include:
Mineralisation is hosted within a Cretaceous granitoid intruded by pegmatite and aplite dikes and intercalated with bands of biotite schist, unconformably overlain by post-mineral conglomerate, dacitic crystal tuff and basalt.
Mineralisation comprises hydrothermal breccias up to 1.5 metres wide and crustiform quartz–sulphide–chalcedony veins up to 0.1 metres wide, developed along faults striking north, northeast and east–west.
The overall setting is interpreted as a low-sulphidation epithermal system. The presence of rare dickite and vuggy silica clasts in dump material at the Overall Mine is interpreted to suggest a possible transition toward a high-sulphidation, advanced argillic environment.
Rock geochemistry shows gold correlating strongly with lead, zinc and arsenic, but correlating poorly with silver and antimony, which is interpreted to indicate at least two separate mineralising events.
Structural control is interpreted to be exercised by through-going north-striking faults, with east- and east-northeast-striking structures interpreted as subsidiary extensional structures. Higher-grade zones are expected to occur as discrete oreshoots at dilational jogs, fault intersections and hanging-wall splits — a geometry the authors consider analogous to the La Libertad Mine in Nicaragua.
Post-mineral cover to the north and west of the Amie Mine is interpreted to conceal potential extensions of the mineralised structures.
Unusual coarse muscovite (“greisen-type”) veinlets observed in the granitoid are interpreted by the authors as forming at temperatures too high for an epithermal system and as possibly associated with a concealed porphyry system at depth. This concept remains untested.
The SGM report concluded that “the Amie prospect is a project of merit and the property is drill ready” and recommended that drill orientations be planned specifically against the mapped fault and hydrothermal breccia orientations at each prospect.
Integration and Revised Drill Targeting
The Company has rendered the three-dimensional chargeability and resistivity inversion models from the 2025 IP survey against the 2024 surface geological map, mapped fault and hydrothermal breccia traces, historical workings and proposed drill collar positions. At a chargeability threshold of 12 mV/V, the principal anomaly forms a coherent body approximately 1,950 metres in length, with a second body approximately 730 metres in length to the northwest. This work formed the basis for the Company's review of proposed collar positions and orientations.
The IP survey and the structural mapping study were commissioned separately and completed independently of one another, and each recommends a different approach to drill orientation. The drill holes proposed in the IP report are oriented perpendicular to the geophysical survey lines in order to test the chargeability axes across strike, whereas the structural study recommends orientations determined by the measured fault and breccia geometry at each individual prospect.
WestGold’s review has reconciled the two datasets and revised the proposed drill layout so that individual holes are designed to test both the chargeability anomalies and the interpreted controlling structures. In the Company’s interpretation, the chargeability axes map the extent of altered, sulphide-bearing rock at depth, while the structural model predicts where within those corridors higher-grade material is most likely to be localised. Final collar positions, azimuths and depths will be confirmed following completion of the current surface program.
The Company further notes that the approximate 275 metre depth of investigation achieved by the 2025 IP survey is not sufficient to test the concealed porphyry concept identified in the structural study. That target remains untested and would require geophysical methods capable of imaging to greater depth.
Historical Rock Sample Results
The Amie rock sample database comprises 137 samples collected between 2021 and 2024. Selected results are set out below. These samples were selected in the field on the basis of visible mineralisation and are not representative of average grade, true width, or the tenor of mineralisation across any volume of rock. The complete dataset is available on the Company’s website at https://westgoldmetals.com/table-of-assay-results/.
Sample ID
Year
Occurrence
Au (g/t)
Ag (g/t)
CP-AMY-08
2022
Subcrop
106.8
258
CP-AMY-07
2022
Subcrop
100.1
134
18093
2023
Dump
16.1
109
CP-AMY-09
2022
Subcrop
12.1
32.0
CP-AMY-04
2022
Subcrop
11.1
30.4
SLV-61
2021
Dump grab
9.75
62.7
18056
2023
Dump grab
4.22
501
18009
2023
Pit
4.04
1,875
SLV-65
2021
Dump grab
3.61
508
18091
2023
Dump grab
1.55
147
*Selected subcrop, pit and dump grab samples, Amie Project, 2021–2023 programs. Grab samples are selective by nature and thus may not be representative of the mineralisation in the target area.
Historical mining and prospecting at Amie is understood to have exploited near-surface, oxidised material from narrow quartz veins in sheared granite. The vertical extent of unoxidised mineralisation beneath the historical workings has never been tested by drilling. The IP survey provides the first geophysical indication that sulphide-bearing material may persist below the oxidised zone, and defining the extent and tenor of that material is the primary objective of the Company’s proposed maiden drill program.
Expansion of Idaho Claim Package
The Company has staked an additional 37 unpatented lode mining claims covering approximately 308.8 hectares on lands administered by the BLM. Claim notices were posted on September 2, 2026, and the claims will be recorded with the BLM and Owyhee County in accordance with applicable requirements.
At Amie, the claim package has increased from 53 claims covering approximately 392 hectares to 90 claims covering approximately 700.77 hectares. The expanded package covers the interpreted northerly extensions of the mineralised structures beneath post-mineral cover, including ground surrounding a historical grab sample which returned 11.1 g/t gold at the former claim boundary, together with the along-strike extensions of IP axes IPA-3 and IPA-10, both of which remain open beyond the previous claim boundary.
Following the expansion, the Idaho Portfolio comprises 124 unpatented lode claims covering approximately 984.49 hectares, compared with a corrected pre-expansion total of 87 claims covering approximately 675.72 hectares. The Company’s August 18, 2026 news release incorrectly stated that the Portfolio comprised 79 claims covering approximately 660.5 hectares.
The Company also assessed an expansion of the claim package at the Demming Project. Intervening privately held ground prevented the assembly of a contiguous package on terms the Company considered appropriate, and no additional claims have been staked at Demming at this time. The Company’s existing claim position at Demming is unaffected.
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Figure 4: Amie Claim Expansion
Surface Exploration Program
Palliser Exploration Ltd. (“Palliser”), an independent geological consultancy, has commenced a surface exploration program at the Amie and Silver Rock projects under the direction of WestGold’s Vice President Exploration. The program comprises:
Amie: collection of 97 soil samples at 50 metre intervals on 100 metre-spaced lines, extending the existing 2023 soil grid north of the Overall Mine; together with geological mapping and rock sampling of the hydrothermal breccia zone east of the Overall Mine and south of the Roadside Mine, the historical trenches north of the Overall Mine, and the workings between the Overall Mine and the Overall adits.
Silver Rock: collection of 469 soil samples on a 50 metre by 100 metre grid covering the claim package, together with the first systematic geological map of the property, focusing on lithology, alteration, mineralisation and structural controls.
The objectives of the program are to extend geochemical coverage over ground not previously sampled, to test the interpreted northerly continuation of the Amie mineralised structures beneath cover, to establish a first-pass geological framework at Silver Rock, and to support finalisation of drill collar positions at Amie. Samples will be submitted to MSA Labs in Elko, Nevada for preparation and shipped to MSA Langley for analysis. Results will be released when received and interpreted.
Following its announcement of August 18, 2026, the Company has determined that evaluation of the Demming Project, including verification of the historical workings and assessment of the mineralised material stockpiled on site, requires specialist work that will be undertaken as a separate program. No field work is being conducted at Demming as part of the current program.
Permitting and Regulatory
Exploration activity at Amie is conducted under a Mining Notice previously approved by the BLM, which authorises exploration involving less than five acres of surface disturbance. The Company is completing the transfer of the Notice into its name, which requires the posting of a replacement reclamation bond, and is preparing an application to renew the Notice for a further two-year term together with an updated bond calculation.
Next Steps
Completion of the surface exploration program at Amie and Silver Rock and receipt of analytical results.
Finalisation of drill collar positions, azimuths and depths for a maiden drill program at Amie, incorporating the results of the current program.
Extension of the current 3D interpretation into a full geological model, incorporating modelled fault and hydrothermal breccia surfaces and the results of the current surface exploration program.
Completion of permitting for the proposed drill program.
Commencement of a maiden drill program at Amie, subject to financing, completion of the Mining Notice renewal and finalisation of collar positions.
Management Commentary
James Hocking, Chief Executive Officer of WestGold, commented:
“When we closed the Idaho option in July we said we would report back once we had worked through the technical database, and our team has been on that work since due diligence. The database IDEX built includes an IP survey and an independent structural study concluding that Amie is drill ready. Our work has been to integrate the two, revise the proposed drill layout on the strength of it and expand the claim position around the priority targets.
The opportunity to acquire Amie arose as IDEX focused its attention on advancing its Freeze porphyry discovery. Amie is located in a well-established mineral district and, importantly, has never been drill tested. The work completed by IDEX has given us a substantial technical foundation from which to advance the project, rather than starting from scratch.
The field program underway is the final piece of work required to finalise our maiden drill design. Our objective is to complete that work, finish the transfer and renewal of the existing BLM Mining Notice, and move Amie toward drilling.”
Antoine Soucy-Fradette, Vice President Exploration of WestGold, commented:
“The value in this dataset is in the combination. The IP survey shows us where potential sulphide-bearing altered rock extends below cover and at depth; the structural mapping refines the location of those mineralised corridors. Joining both datasets has allowed us to position holes that test specific structures in their most prospective location below cover. The soil and mapping program now underway is designed to close the remaining gaps, particularly beneath the shallow cover north of the Overall Mine, and to give us a first proper look at Silver Rock, which has never seen modern systematic exploration.”
There are no current mineral resources or mineral reserves defined on any of the Amie, Silver Rock or Demming projects.
Qualified Person
The scientific and technical information contained in this news release has been reviewed and approved by Darren Lefort, P.Geo., a Qualified Person as defined in NI 43-101. Mr. Lefort is a consultant to the Company and is not independent of the Company for purposes of NI 43-101. Mr. Lefort has reviewed the available technical reports, assay records and supporting information underlying the historical technical disclosure. Mr. Lefort considers the available information sufficiently reliable for the purposes of describing the property’s exploration history and supporting the proposed exploration program. Sources of Technical Information
Information in this news release relating to the induced polarization survey is sourced from a report titled “Report on an Induced Polarization Survey Completed on the Amie Project, Owyhee County, Idaho, USA”, Ref. 25C-768, dated December 2025, prepared by TMC Geophysics for IDEX and authored by Joël Simard, P.Geo./Geoph.
Information relating to the structural mapping study is sourced from a report titled “Structural Controls on Gold Mineralisation at Amie, Idaho, USA”, dated September 1, 2024, prepared by Specialised Geological Mapping Ltd for IDEX and authored by Dr. Luca Smeraglia and Dr. Warren Pratt.
Information relating to soil geochemistry, rock sampling, spectral mineralogy and property geology is sourced from a technical report titled “Technical Report for the Amie Property, Owyhee County, Idaho, USA”, with an effective date of November 29, 2024, prepared by Cameron Resource Consulting, LLC and authored by Donald E. Cameron, P.G.
Historical information relating to the Demming and Silver Rock properties is sourced from a government report titled “Site Inspection Report for Abandoned and Inactive Mines in Southern Idaho: Volume III: Miscellaneous Properties, Owyhee County, Idaho”, Idaho Geological Survey Staff Report 10-3, prepared by D. H. Bennett, J. Kauffman and V. E. Mitchell in 2010 for the Bureau of Land Management.
Cautionary Note Regarding Historical and Third-Party Technical Information
The technical studies described in this news release were commissioned by, and prepared for, IDEX and its affiliates prior to WestGold’s involvement with the properties. This information has not been independently verified by WestGold. Historical exploration results and production records referred to were generated prior to the introduction of NI 43-101, and details of the sampling methods, sample security, assaying and quality control procedures applied are in some cases unknown. The information is presented for geological context and to inform the Company’s exploration planning, and should not be relied upon as representative of mineralisation that may be found or mined on the properties.
Rock chip, outcrop, pit, dump and dump grab samples referred to in this news release are selective samples taken to characterise mineralisation identified in the field. They are not representative of any particular rock volume or of in-situ grade, and should not be interpreted as indicative of the grade or continuity of mineralisation on the properties.
About WestGold Metals Corp.
WestGold Metals Corp. is a Canadian mineral exploration company focused on the identification, acquisition, and advancement of precious metal exploration opportunities in established North American mining districts. The Company is building a portfolio of high-quality assets in politically stable, mining-friendly jurisdictions, led by an experienced management team with backgrounds in equity capital markets, commercial development, and technical exploration. WestGold’s flagship assets are the Amie, Silver Rock and Demming epithermal gold-silver projects comprising the Idaho Portfolio in Owyhee County, Idaho, USA. WestGold’s common shares are listed on the Canadian Securities Exchange under the symbol WGM, quoted on the OTCQB under the symbol WGMTF, and traded on the Frankfurt Stock Exchange under the symbol V0U. For more information, investors are encouraged to review the Company’s public filings available at www.sedarplus.ca.
This news release contains or incorporates by reference “forward-looking statements” and “forward-looking information” as defined under applicable Canadian securities legislation. All statements, other than statements of historical fact, which address events, results, outcomes, or developments that the Company expects to occur are, or may be deemed to be, forward-looking statements. Forward-looking statements are generally, but not always, identified by the use of forward-looking terminology such as “anticipate,” “expect,” “suggest,” “plan,” “believe,” “intend,” “estimate,” “target,” “project,” “should,” “could,” “would,” “may,” “will,” “forecast” and other similar expressions.
Forward-looking statements in this news release include, without limitation, statements relating to the interpretation of geophysical, geochemical and structural data; the location, orientation, depth and timing of proposed drill holes; the Company’s intention to complete a maiden drill program at Amie; the expected timing of receipt and interpretation of analytical results; the recording of newly staked mineral claims; the Company’s permitting pathway and engagement with the Bureau of Land Management; the potential for mineralisation to extend beneath post-mineral cover; the potential of a concealed porphyry system; and the Company’s planned exploration programs at the Amie, Silver Rock and Demming projects.
Forward-looking statements or information are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those reflected in the forward-looking statements or information, including, without limitation: the risk that geophysical, geochemical and structural interpretations prove incorrect or that drilling fails to identify mineralisation; the speculative nature of mineral exploration and the early stage of the Company’s properties; the need for additional capital through financings and the risk that such funds may not be raised; the risk that mineral claims are not validly located or recorded; the risk that required permits are not obtained or are delayed; the effect of changes in commodity prices; regulatory, environmental and land access risks, including seasonal wildlife habitat restrictions; the availability of drilling equipment and qualified personnel; the risk that work programs are not completed within expected time frames; the risk that the results of ongoing work programs lead to a change in exploration priorities; and the efforts and abilities of the senior management team.
Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company’s forward-looking statements and information are based on the assumptions, beliefs, expectations, and opinions of management as of the date of this news release, and other than as required by applicable securities laws, the Company does not assume any obligation to update forward-looking statements and information if circumstances or management’s assumptions, beliefs, expectations or opinions should change, or changes in any other events affecting such statements or information.
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
GT Resources oznámila na projektu CD v Yukonu vzorky s až 5,6 g/t zlata na Schist Targetu. Výsledky potvrzují historické anomálie zlata a mědi a podporují další průzkum porfyrového systému.
Toronto, Ontario--(Newsfile Corp. - September 9, 2026) - GT Resources Inc. (TSXV: GT) (OTCQB: CGTRF) (FSE: 7N1) the ("Company" or "GT") is pleased to announce initial results from the 2026 field program on the recently optioned 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.
"GT's first work program at CD consisted of geological mapping, prospecting and soil sampling. The field program confirmed historic soil and bedrock gold-copper anomalies and significantly expanded our knowledge of the geology and alteration styles present on the property. This work has re-enforced our thesis that we have an untested porphyry system, and we also have indications of skarn type mineralization.
The work program also included a focused airborne MobileMT survey ("Mobile MagnetoTellurics") results of which are expected shortly. This technology was specifically chosen for its ability to map subsurface resistivity and conductivity to help identify disseminated sulphide mineralization, alteration, and geological contacts at depth. The data being obtained complements the existing ground-based IP ('Induced Polarization") and magnetics surveys thereby allowing GT to create a detailed 3D model of the Maloney Porphyry target which will help identify high-priority drill targets," commented Neil Pettigrew, Vice President of Exploration.
The CD Project exhibits significant geological parallels to Western Copper and Gold's Casino Porphyry 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 ).
Exploration Plan and Next Steps
2026
GT's inaugural work program has aided the definition of Maloney Porphyry targets and reduced the reliance on expensive higher risk broadly spaced or conceptual drill testing, thereby supporting a more efficient allocation of exploration risk capital.
Mineralogical studies to further refine porphyry style alteration halos and age dating of prospective porphyry intrusive rocks are planned prior to drill testing.
2027
GT's plans to conduct a 2,500 to 3,000 meter diamond drill program at the beginning of the exploration season. This campaign will be designed systematically to test the gold-rich copper porphyry potential and high-grade gold-silver vein targets.
Field Program Highlights
Maloney Target:
Multi-Intrusive Porphyry System:
Geological mapping revealed a series of feldspar porphyry dykes some of which possess disseminated copper mineralization and porphyry-style stockwork veining. Traditionally these dykes have been assigned to the older Whitehorse suite but remain un-dated and may simply represent a different phase of the prospective younger Casino / Prospector suite pointing toward a multi-intrusive porphyry centre at Maloney.
Porphyry Style Alteration and Brecciation:
Strong phyllic (sericite-quartz-pyrite) alteration is associated with quartz-feldspar porphyry brecciation of wall rock quartzite.
Widespread epidote-magnetite-pyrite alteration of wall rock especially felsic tuff proximal to feldspar porphyry dykes suggests potential for copper- gold skarn style mineralization.
Coincident Soil and Geophysical Anomalies with Alteration Halos
The central magnetic high is a result of strong magnetite alteration of feldspar porphyry dykes and wall rock.
The IP chargeability anomaly correlates well with a strong gold-in-soil anomaly which in turn correlates with a zone of strong brecciation and phyllic alteration surrounding the magnetic high.
Schist Target, an untested vein hosted gold-silver system
Prospecting returned up to 5.6 g/t gold in weathered breccia vein material confirming historic results (6.29 g/t gold in grabs and trench chip samples of 1.67 g/t gold over 6.5 meters)
Of the 41 prospecting samples collected over 10% returned greater than 1.0 g/t gold
Soil sampling returned up to 0.141 ppm gold confirming historic gold-in-soil anomalies
Recent work suggests the Schist Target is a structurally controlled vein breccia zone with a strong arsenic-antimony-mercury-lead pathfinder signature suggesting an epithermal gold system likely resenting a more distal porphyry-related hydrothermal system.
Geology of the CD Project
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, psammite 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 (~100-111 million years) 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, Klaza and Mount Nansen deposits. (Figure 1).
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 or partially glaciated Yukon Plateau. From available outcrop, 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 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. At CD, mapping indicates similar relationships with both Snowcap rock intruded by late Casino / Prospector suite age (~75 million years) quartz-feldspar porphyritic rocks with widespread phyllic alteration (sericite-quartz-pyrite) and local intense brecciation. Geophysical data at CD displays a similar geometry to Casino with a magnetic core interpreted to represent a series of feldspar porphyry dykes and associated magnetite-rich alteration plunging to the southeast flanked by a phyllic altered and brecciated 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 been conducted. The mineralization at Schist may be related to the nearby, younger Klaza-style vein hosted gold-silver-lead-zinc deposit (Figure 1) or a more distal epithermal phase of yet to be identified porphyry system. The Schist target comprises gold, silver bearing breccia veins with arsenic-antimony-mercury-lead pathfinder signatures in hydrothermally altered Snowcap assemblage rocks. Mineralization within the breccia veins consists of fine-grained disseminated pyrite and arsenopyrite with manganese oxide, limonite and strong silica-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.
Figure 1. (A) Location map of the CD project and nearby advanced projects (blue dots) and exploration projects (orange dots) within the Dawson Range Gold Belt. (B) Regional geology surrounding the CD project, including location of nearby deposits (blue) and exploration projects (orange), notably those of similar late Cretaceous age "Casino & Prospector Mountain Suite" including Casino, Klaza and Mount Nansen.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6502/313486_e30111a8a4bb6b7c_001full.jpg
Figure 2. Re-interpreted geology and alteration halos of Maloney Porphyry target area resulting form the 2026 mapping program, including recently collected prospecting samples (diamonds) and soil samples (triangles) overlaid on historic Au-in-Soil samples (circles).
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6502/313486_e30111a8a4bb6b7c_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 and alteration (epidote-pyrite-magnetic & actinote-magnetite-quartz+/-biotite) plunging to the southeast surrounded by strong phyllic (sericite-quartz-pyrite) 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/6502/313486_e30111a8a4bb6b7c_003full.jpg
Figure 4. Shist Gold - Silver Target, with historic gold-in-soil anomalies showing revised geology and recent prospecting and soil sample which correlate well with historic results. Field observation indicates mineralization is hosted withing intensely silicified and sericitized vein breccias with a strong east-west structural control.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6502/313486_e30111a8a4bb6b7c_004full.jpg
Figure 5. Alteration styles form the Maloney Porphyry Target area. A. Maloney Main showing chalcopyrite mineralized feldspar porphyry showing strong weather rind. B. Potassic magnetite - actinolite - quartz +/- biotite stockwork and brecciation in feldspar porphyry. C. Strong Epidote +/- magnetite +/- pyrite replacing felsic tuff wall rock. D. Intense phyllic (sericite - quartz +/- pyrite) altered quartz-feldspar porphyry brecciating quartzite and schist wall rock. E. Phyllic Stockwork (bleaching) alteration of mafic gneiss. F. Multiphase quartz stockwork veining in altered felsic tuff wall rock adjacent to the feldspar porphyry contact.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6502/313486_e30111a8a4bb6b7c_005full.jpg
Table 1. Select 2026 prospecting and soil samples form the Maloney and Schist Target areas.
Sample
No.UTM EastingUTM NorthingTargetRock Type / Soil Au
ppmAg
ppmCu
ppmMo
ppmAs
ppmHg
ppmSb
ppmPb
ppmZn
ppmK1355043597756884343SchistBreccia5.64013.79420500.6849125746K1355053597726884342SchistQuartzite4.8602.915128200.6444234K1355063597766884334SchistBreccia1.95067130201.355622775K1355133600396884433SchistQuartzite1.2152.510141400.0962934K1355153600406884435SchistSchist1.8701.310165700.0895876K1355223601236884428SchistQuartz vein0.3831.19136500.05196604K1355413582536882992SchistGranodiorite0.01924.938202940.0331635285K1355463588046882916SchistQuartz vein0.1983.8819130.0278401818K1355473588036882919SchistFelsic Dyke0.124<0.565225000.0411771782K1355483484326878165MaloneyFeldspar Porphyry0.030<0.5161068<0.005<5617K1355493484346878167MaloneyFeldspar Porphyry0.055<0.5531210<0.005<5613K1355623483006878381MaloneyFeldspar Porphyry0.027<0.53714<5<0.005<5626K1355723474276878824MaloneyFelsic Tuff0.13113881110.005<51631K1355733473776878785MaloneyFelsic Tuff0.0260.63803110.006<52419K1355833494466878134MaloneyQuartzite0.1040.5546<1<5<0.005<51171K1356013599096884346SchistSoil0.1410.7314.40.9528700.4627.214.225K1356023599766884348SchistSoil0.0470.09110.452170.074.525.129K1356033600256884312SchistSoil0.0420.3613.20.452120.214.213.927K1356043597266884091SchistSoil0.0050.14112.53.2456.60.263.559.9122K1356053503016878324MaloneySoil0.0200.2658.80.7611.90.020.521044K1356063502996878350MaloneySoil0.0110.1349.70.67.70.020.48.444K1356073501956878259MaloneySoil0.0720.3496.21.8812.60.030.89.246K1356083503026878250MaloneySoil0.1270.253481.6318.60.010.7913.441K1356093474726878838MaloneySoil0.0310.7534911.122.60.012.6617.828K1356103470046878818MaloneySoil0.0040.0794.81.88.30.010.3610.553* Grab samples are selective by nature and may not be representative of average grades across the property.
* Select soil samples were collected to confirm historic Au and Cu-in-soil anomalies.
QA/QC
A total of 70 prospecting and 10 soil samples were submitted for analysis. Certified Reference Material consisting of standards and blanks were inserted every 10th sample into the sample stream by Company staff. All Standards passed within 3 standard deviations of the certified value. All blanks returned below the <0.005 gold detection limit. Samples were collected and deliver the ALS Geochemistry - Whitehorse by Company Employees. Samples were analysed for gold by fire assay with an atomic absorption finish and multi element with four-acid digestion followed by Inductively Coupled Plasma Atomic Emission Spectroscopy.
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/313486
Source: GT Resources Inc.
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NRED označila Eagle za prioritní hluboký vrt v projektu Wilmac, protože historické vrty skončily nad nejsilnějším modelovaným geofyzikálním cílem. Společnost chce stávající vrt WS14-004 prohloubit asi o 250 metrů.
Vancouver, British Columbia--(Newsfile Corp. - September 9, 2026) - NRED Intelligent Mining Inc. (CSE: NRED) (OTCQB: NREDF) ("NRED" or the "Company") is pleased to announce that an integrated review of historical drilling, re-sampled drill core, magnetic susceptibility data, and 3D induced-polarization ("IP") modelling has advanced the Eagle target as a priority deep drill target at the Wilmac Copper-Gold Project in British Columbia.
The key finding is straightforward: historical drilling stopped before reaching the strongest modelled geophysical target. The 2014 drill holes ended approximately 107 to 231 metres above their modelled chargeability peaks, which occur broadly between 300 and 450 metres depth. Importantly, the better historical holes also showed increasing copper values and alteration toward the bottom of the holes. At the Eagle target, hole WS14-004 ended at only approximately 133 metres depth, while the modelled chargeability response strengthens significantly below the hole. NRED is therefore proposing to deepen the existing Eagle hole by approximately 250 metres, subject to confirming that the hole remains open and accessible.
"Eagle gives us a clear target and a clear test," said Brian Goss, Chief Executive Officer of NRED. "The previous drilling stopped well above the strongest modelled target, while copper, alteration and geophysical evidence point deeper. Rather than speculate, our objective is simple: drill deeper and test the target."
Historical Drilling Shows Increasing Copper at Depth
Four diamond drill holes totaling approximately 728 metres were completed in 2014 across the Bolas, Trojan, Raven and Eagle targets. Re-logging and re-sampling of the historical core in 2024 identified broader copper-bearing intervals than recognized by the original selective sampling, including:
* 26.83 metres averaging 381 ppm copper in WS14-002, including 3.13 metres averaging 1,084 ppm copper
* 24.16 metres averaging 262 ppm copper in WS14-001
The better mineralized holes show copper and alteration strengthening downward. These results do not establish economic mineralization, but support testing below the depth reached by the historical drilling.
Multiple Data Sets Point to a Deeper Target
The Company's integrated review places the principal area of interest significantly below the historical drilling. The modelled IP chargeability peaks occur broadly between 300 and 450 metres depth. Independent magnetic interpretations provide a similar depth range, including airborne modelling indicating approximately 290 to 410 metres and 3D ground magnetic modelling placing a susceptible body near 400 metres.
Forward modelling indicates that a shallow source can explain part of the observed IP response. However, the deeper model provides the better explanation for the strongest anomalous readings. The deeper target remains an exploration interpretation that can only be confirmed through drilling.
Core Measurements Strengthen the Geological Model
NRED collected 679 magnetic susceptibility measurements from the historical drill core during the 2024 program. Across approximately 250 matched intervals, magnetic susceptibility decreased as sulphur increased, with median susceptibility falling by roughly three times between low-sulphur rock and intervals containing more than 0.5% sulphur. The results provide property-specific evidence that sulphidation can destroy magnetite within the Trojan-Condor system and strengthen the geological basis for using localized magnetic lows as one potential alteration indicator.
Subject to confirming access to the historical hole, NRED proposes to deepen WS14-004 by approximately 250 metres and conduct downhole IP, resistivity and magnetic susceptibility measurements together with complete multi-element and gold analysis. The program will be designed to answer a fundamental exploration question: does the shallow altered and pyritic system encountered in historical drilling strengthen into a more significant sulphide-bearing system at depth? No drill program is currently scheduled and would not occur prior to the 2027 field season at the earliest and would be subject to financing.
Option Agreement Status
The Wilmac copper-gold project comprises 16,078 hectares located southwest of Princeton and approximately 10 kilometres west of Hudbay Minerals Inc.'s producing Copper Mountain Mine. NRED hold an interest in the Project pursuant to two option agreements concerning what are known as (1) the Wilmac and Lamont claims and (2) the Trojan-Condor Corridor claims.
The Company was required to make a $125,000 cash payment by September 1, 2026 in order to keep the first option agreement in good standing, and was required to make a cash payment of $100,000 and to fund exploration expenditures of $100,000 on August 31, 2026. NRED has not made any of these payments and the option agreements are currently not in good standing. The optionors of the claims comprising the Project have not provided the Company with notice of termination, but may do so on seven day's notice.
Qualified Person
The scientific and technical information in this news release, including the geological interpretations described herein, has been reviewed and approved by Rick Walker, P.Geo., a Qualified Person as defined by National Instrument 43-101 ("NI 43-101"). Mr. Walker is not independent of the Company within the meaning of NI 43-101. The interpretations described above are conceptual and rely in part on historical, third-party data that the Company has not independently verified. No mineral resources or mineral reserves have been identified on the Project.
About NRED Intelligent Mining Inc.
NRED Intelligent Mining Inc. (CSE: NRED) (OTCQB: NREDF) is a mineral exploration company focused on the identification, acquisition, exploration and development of copper-gold porphyry projects in British Columbia, leveraging an artificial intelligence-enhanced geospatial technology platform that it developed to identify and evaluate prospective mineral properties. The Company's optioned Wilmac copper-gold project comprises 16,078 hectares located within the Quesnel porphyry belt in the Similkameen Mining Division, southwest of Princeton and approximately 10 kilometres west of Hudbay Minerals Inc.'s producing Copper Mountain Mine.
Readers are cautioned that the discussion of mineralization, alteration or grades on adjacent, similar or analogous properties, including the Copper Mountain Mine, is not necessarily indicative of the mineralization or potential of the Wilmac Copper-Gold Project. The Company has no interest in, or right to acquire any interest in, any such properties.
FORWARD-LOOKING INFORMATION
This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements regarding: the interpretation of geological, geochemical and geophysical data, which were used to identify the Eagle drill target on the Wilmac Project, including the timing and details of anticipate work, such as drilling, as well as the process and timing for obtaining results; the inference that the historical data that the Company has analyzed to date, as interpreted, suggest that the Wilmac Project may potentially host economic quantities of copper; and the Company's intention and ability to satisfy the cash payment, share issuance, and exploration expenditure milestones required to exercise the option agreements respecting the Wilmac Project.
Forward-looking information is based on a number of assumptions that, while considered reasonable by the Company at the date of this news release, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Such assumptions include, without limitation: the accuracy of current geological interpretations, including the interpretation of data described in this news release; the accuracy and completeness of the third-party historical data on which the interpretation rests; the availability of adequate funding to complete the proposed exploration and subsequent analyses; the ability of the Company's geophysical contractors and geological consultants to complete contemplated exploration on schedule; favourable weather, terrain and field conditions; access to the Project area; the availability of qualified personnel; the receipt of all necessary permits and authorizations for planned exploration; and the continued cooperation of the optionors under the terms of the relevant option agreements.
Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from those expressed or implied by such forward-looking information. Important risk factors include, but are not limited to: the possibility that the interpretations described are not ultimately accurate; additional exploration and drilling do not support the interpretation described; the continued availability of capital and financing; the ability to satisfy option earn-in requirements on the timelines contemplated; risks inherent in mineral exploration; adverse weather or terrain conditions; tenure grant, renewal and permitting outcomes, including under British Columbia's revised mineral tenure system; Indigenous and community consultation requirements; changes in applicable laws and regulations; the ability to retain key personnel and contractors; litigation; failure of counterparties to perform their contractual obligations; and general economic, market or business conditions. Readers are cautioned not to place undue reliance on forward-looking information. The Company undertakes no obligation to update or revise any forward-looking information, except as required by applicable securities laws.
Neither the CSE nor its Market Regulator (as that term is defined in CSE policies) accepts responsibility for the adequacy or accuracy of this news release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/313588
Source: NRED Intelligent Mining Inc.
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Adamera podala žádosti o nároky Bromley a rozšířila South Hedley Property o více než 4 700 hektarů. Nová plocha navazuje na Copper Mountain a leží ve 40km strukturním koridoru k cíli Max Copper-Gold.
Vancouver, British Columbia – TheNewswire - September 8, 2026 – Adamera Minerals Corp. (TSX-V: ADZ; OTC: DDNFF) (“Adamera” or the “Company”) announces it has filed applications for the Bromley claims, adding over 4,700 hectares contiguous to the Company’s 100%-owned South Hedley Property. This newly staked ground expands the northwestern edge of the property 12 kilometres (km) westward, connecting to the eastern claim boundary of Hudbay Minerals Inc.’s Copper Mountain mine claims.
The Bromley claim applications cover an approximately 12 x 4 km corridor concealed beneath a sequence of younger volcanic rock, where Adamera has identified distinct magnetic features. This area is positioned along an approximately 40 km east-west trend that Adamera interprets as a structural and metallogenic corridor connecting the producing Copper Mountain mine to the historic Nickel Plate mine near Hedley, British Columbia. The Company’s Max Copper-Gold Target is positioned within this corridor.
“This staking reflects our broader vision for the district. The locations of Copper Mountain, Nickel Plate, and our Max copper-gold target are not random. We believe a 40 km structure along the southern margin of the Bromley Batholith controlled the emplacement of the smaller intrusions that carry the copper and gold. Younger volcanic rocks covering this zone have largely kept it untested, and this is the type of opportunity we like to focus on,” said Mark Kolebaba, President and CEO of Adamera.
Rationale for Staking
A district-scale corridor: The Company interprets an east-west structural and metallogenic corridor, approximately 40 km in length, extending from the producing Copper Mountain mine through the Max Copper-Gold Target to the historic Nickel Plate (Hedley) mine. This corridor roughly tracks the southern margin of the Bromley Batholith and is interpreted as a deep-seated east-west cross-structure located within the Quesnel Trough. The corridor is considered a conduit for mineralizing magmas.
A long-lived magmatic conduit: The Company’s interpretation suggests this 40 km east-west structural corridor acted as a deep crustal conduit over a 15-million-year metallogenic epoch. This long-lived weakness may have facilitated the earlier emplacement of the mineralizing intrusions at Copper Mountain and Nickel Plate, and ultimately controlled the emplacement of the Bromley Batholith along the trend. Economic copper-gold mineralization in this district is driven by smaller, highly fractionated intrusions tapping this structural corridor, making the covered southern margin of the Bromley Batholith a prospective target.
Covering the missing link: The Bromley claim applications cover the interpreted southern margin of the Bromley Batholith, an area approximately 12 x 4 km in extent. While younger, post-mineralization cover conceals this zone, Adamera has identified distinct magnetic features within the corridor, providing early geophysical support for targets.
Contiguous with an active target: These new applications extend directly westward from the Company’s South Hedley Property, where an ongoing induced polarization (IP) survey has defined a chargeability anomaly ranging from 3 to 4 km in width. This land expansion covers the interpreted structural corridor extending westward from this new zone.
Next Steps
This geological model is based on interpretation and needs to be tested through exploration work. The Bromley claim applications are currently subject to approval. Upon approval, anticipated initial work on the new claims would include prospecting, sampling, and potential airborne geophysics to define drill targets.
South Hedley Project
South Hedley is a copper-gold property near Princeton, British Columbia, within the Quesnel Trough. Work to date has advanced two targets: the Max Copper-Gold Target, a covered porphyry target defined by coincident copper-gold soil geochemistry, magnetics and IP; and Glix, a gold skarn target defined by soil geochemistry, electromagnetic and magnetic survey data. The IP survey at Max copper-gold target is currently underway. Drill permit applications for both targets were submitted in February 2026 and remain pending.
Qualified Person
Martin St. Pierre, P. Geo., a qualified person as defined by National Instrument 43-101 and a consultant to the Company, has reviewed and approved the technical content of this news release. The Copper Mountain and Nickel Plate mines are located on properties adjacent to or near the South Hedley Property. Information regarding those properties is drawn from public sources and has not been independently verified by Adamera. Mineralization on those properties is not necessarily indicative of mineralization on the South Hedley Property.
About Adamera
Adamera Minerals Corp. is targeting critical metals in the U.S. and copper-gold in southern British Columbia. In Washington State, the Company is advancing a tungsten portfolio intended to support a secure domestic supply for U.S. markets. In Canada, Adamera is exploring the South Hedley Copper-Gold Project and maintains additional gold projects in its portfolio.
On behalf of the Board of Directors,
Mark Kolebaba
President & CEO
For additional information please contact:
Email: [email protected]
Website: www.Adamera.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Statements in this press release, other than purely historical information, including statements relating to the Company’s future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development, including the risk that the Bromley claim applications may not be approved. As a result, actual results may vary materially from those described in the forward-looking statements.
¹ Logan, J.M., and Mihalynuk, M.G., 2014. Tectonic controls on Early Mesozoic paired alkaline porphyry deposit belts (Cu-Au) within the Canadian Cordillera. Economic Geology, v. 109, p. 827-858.
, /PRNewswire/ -- Target Hospitality Corp. ("Target Hospitality" or the "Company") (Nasdaq: TH), one of North America's largest providers of vertically integrated modular accommodations and value-added hospitality services, today announced the launch of an underwritten, secondary offering (the "Offering") of 13,000,000 shares (the "Shares") of its common stock, par value $0.0001 per share (the "Common Stock"), subject to market and other conditions. The Shares are being offered by Arrow Holdings S.à r.l. and MFA Global S.à r.l. (collectively, the "Selling Stockholders"), entities controlled by TDR Capital LLP, acting in its capacity as investment fund manager. The Company is not offering any shares in the Offering and will not receive any of the proceeds from the Offering. The Selling Stockholders have also granted the underwriters a 30-day option to purchase up to an additional 1,950,000 shares of Common Stock.
Additionally, subject to the completion of the Offering, the Company intends to purchase from the underwriters shares of its Common Stock (the "Repurchase Shares") that are subject to the Offering with an aggregate purchase price of up to $30,000,000, at a price per share equal to the price per share to be paid by the underwriters to the Selling Stockholders in the Offering (the "Stock Repurchase"). The completion of the Stock Repurchase is expected to occur concurrently with the closing of the Offering. The Repurchase Shares will be held by the Company as treasury shares following the completion of the Stock Repurchase. The Company expects to fund the Stock Repurchase with cash on hand together with borrowings under its ABL Credit Facility.
Morgan Stanley & Co. LLC, Deutsche Bank Securities Inc. and J.P. Morgan Securities LLC are acting as book-running managers for the Offering.
The Offering is being made pursuant to an effective shelf registration statement on Form S-3, including a base prospectus, that was initially filed with the Securities and Exchange Commission (the "SEC") on April 10, 2019 and subsequently declared effective by the SEC on May 16, 2019 and is available on the SEC's website at www.sec.gov. The Offering may only be made by means of a prospectus supplement and the accompanying prospectus that will form a part of the registration statement. A preliminary prospectus supplement and the accompanying prospectus relating to the Offering will be filed with the SEC and will be available on the SEC's website. Copies of the preliminary prospectus supplement and the accompanying prospectus, when available, may be obtained from: Morgan Stanley & Co. LLC, Attn: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014; Deutsche Bank Securities Inc., Attn: Prospectus Department, 1 Columbus Circle, New York, NY 10019, by telephone at (800) 503-4611, or by email at [email protected]; and J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, or by email at [email protected] and [email protected].
This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities of the Company, nor shall there be any sale of securities of the Company in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Certain statements made in this press release are "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words "estimates," "projected," "expects," "anticipates," "forecasts," "plans," "intends," "believes," "seeks," "may," "will," "should," "future," "propose" and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside our control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, that may affect actual results or outcomes include: operational, economic, including inflation, political and regulatory risks; our ability to effectively compete in the specialty rental accommodations and hospitality services industry, including growing the HFS - South, Workforce Hospitality Solutions and Government segments; our ability to execute, expand, and manage WHS projects supporting critical mineral development, power generation, and data center infrastructure projects, including risks related to construction execution, permitting, labor availability, and timely completion of community buildouts; our ability to achieve margin improvement through the effective servicing of contracts in our WHS segment; effective management, utilization, and performance, of our communities (including workforce hubs); natural disasters and other business disruptions including outbreaks of epidemic or pandemic disease; the duration of any future public health crisis, related economic repercussions and the resulting negative impact to global economic demand; the effect of changes in state building codes on marketing our buildings; changes in demand within a number of key industry end-markets and geographic regions, including natural resources, critical minerals, and data center/AI infrastructure; changes in customer capital spending, project schedules, or end-user demand that may result in delays, non-renewals, or cancellations of contracts, including the contract that is terminable for convenience in the Government segment; our reliance on third party manufacturers, suppliers and service providers; our ability to attract and retain key personnel and maintain workforce availability for specialized hospitality and construction operations; increases in raw material, food, labor or other operating costs; the effect of impairment charges on our operating results; our future operating results fluctuating, failing to match performance or to meet expectations; our exposure to various possible claims and the potential inadequacy of our insurance coverage; unanticipated changes in our tax obligations; our obligations under various laws and regulations, including those applicable to government contracts; the effect of litigation, judgments, orders, regulatory or customer bankruptcy proceedings on our business; our ability to successfully acquire and integrate new operations; global, national or local economic and political developments, including any changes in policy under the current or any future U.S. presidential administrations; federal government budgeting and appropriations; our ability to effectively manage our credit risk and collect on our accounts receivable; our ability to fulfill Target Hospitality's public company obligations; cybersecurity threats, incidents, or failures of our management information systems; and risks related to our liquidity, access to capital markets, and obligations under existing or future debt agreements, including compliance with financial covenants. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Contact Information
Investor Contact:
Mark Schuck
(832) 702 – 8009
[email protected]
Target (TGT +0.26%) has raised its dividend for 55 consecutive years, spanning seven bear markets (a market drop of at least 20% from peak to trough) and multiple recessions. That's the kind of resiliency that income investors love to see.
The stock has climbed about 69% since the beginning of the year and no longer looks cheap on a price-to-earnings (P/E) basis. But that rebound is backed by real progress in sales and profitability, which in turn supports the dividend. With the stock still yielding about 2.8%, it could still be a solid buy, considering the turnaround underway in the business.
Image source: Target.
Target's improving sales are driving the stock higher Target is getting back to growth after a couple of years of weak results. Sales decline from fiscal 2024 through fiscal 2026 (ending in January). Multiple factors were to blame, including cautious consumer spending and inflation.
This year has been a different story. Net sales grew 5% year over year in the second quarter, with comparable sales up 3.8% amid solid increases in traffic. Management is guiding for full-year sales to grow about 5%. This followed a major effort to reset stores, such as expanding its fresh-produce selection and adding more space for impulse buys like snacks and candy.
Despite the stronger sales trends, there's still room for improvement. Management noted that home and apparel goods are still not where they need to be. Still, CEO Michael Fiddelke said they see their efforts "resonating with guests," which is building momentum.
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Why the stock is still a buy for income investors Target recently raised its quarterly dividend 1.8% to $1.16 per share. It says a lot about the company's durability that it kept increasing the dividend even while sales were under pressure over the last three years.
Importantly, the company's margins and free cash flow look poised to increase. Over the past year, it paid out 46% of free cash flow in dividends, leaving room to sustain the dividend if traffic softens. Its dividend payout looks very safe, with free cash flow up 51% year-over-year on a trailing 12-month basis.
Adjusted earnings rose 20% year over year in the second quarter, excluding tariff refunds. That strength reflects growth in higher-margin revenue streams, including advertising, and better in-stock levels for frequently purchased items.
Overall, Target appears to be executing well. Over time, investors should expect improving earnings and free cash flow to support continued dividend increases. The stock is fairly valued at a forward P/E of about 16, but for investors who are primarily interested in the dividend, Target is still a solid stock to buy and hold.
Target ve 2. čtvrtletí fiskálního roku 2026 zvýšil tržby z neprodejních aktivit o 20,1 % a celkové čisté tržby o 5,3 % na 26,539 mld. USD. Reklamní tržby vzrostly na 279 mil. USD z 217 mil. USD.
Key Takeaways Target's non-merchandise sales rose 20.1%, outpacing the 5% gain in merchandise sales.Roundel billings rose nearly 20%, while Target GMV and Circle 360 membership revenues climbed more than 40%.Advertising revenues jumped to $279M from $217M, helping diversify Target's sales beyond merchandise. Target Corporation’s (TGT - Free Report) second-quarter fiscal 2026 results highlighted a pivotal shift in its revenue mix, driven by rapid expansion in non-merchandise revenues. Total net sales grew 5.3% year over year to $26,539 million, reflecting a 5% gain in merchandise sales and a 20.1% surge in non-merchandise sales. This increase underscores the growing momentum and operational scaling of Target’s alternative, higher-margin business initiatives.
The growth in non-merchandise sales was driven by continued expansion across Roundel advertising, Target Circle 360 membership revenues and the Target+ marketplace, showing that revenue streams beyond traditional product sales are becoming more meaningful within the business.
The underlying momentum was broad. Management said Roundel gross billings rose nearly 20% from a year ago, while Target+ marketplace gross merchandise value increased more than 40%. Target Circle 360 membership revenues also climbed more than 40%. These businesses extend Target’s relationship with guests and brands beyond merchandise transactions, adding advertising, marketplace and membership income to the company’s sales base.
Advertising revenues of $279 million in the quarter jumped from $217 million a year earlier. Other revenues increased to $174 million from $141 million, while credit card profit sharing edged up to $139 million from $134 million. Together, these components helped non-merchandise sales grow, well ahead of merchandise sales.
By leveraging its digital footprint, brand affinity and store traffic, Target is effectively monetizing guest engagement beyond traditional retail transactions. The surge in non-merchandise sales demonstrates that these strategic platforms are rapidly scaling, generating high-margin revenues and playing an essential role in diversifying Target’s overall business model as digital commerce and retail media continue to evolve.
How Does Target Stack Up Against Its Industry?Target, which competes with Dollar General Corporation (DG - Free Report) and Costco Wholesale Corporation (COST - Free Report) , has seen its shares rally 32.7% over the past three months against the industry’s 3.6% decline. While shares of Dollar General have risen 24.7%, those of Costco have fallen 6% in the aforementioned period.
Image Source: Zacks Investment Research
What Does Target’s Current Valuation Suggest?From a valuation standpoint, Target's forward 12-month price-to-earnings ratio stands at 15.77, lower than the industry’s 29.13. However, the stock is trading above its 12-month median level of 14.89.
Target is trading at a discount to Costco (forward 12-month P/E of 40.71) and Dollar General (17.53).
Image Source: Zacks Investment Research
What Do Earnings Estimates Signal for Target?The Zacks Consensus Estimate for Target’s earnings per share for the current and next fiscal year has increased by 16 cents and 9 cents to $10.43 and $9.36, respectively, over the past seven days.
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Target currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Target spustí 10. září Beauty Studio ve více než 600 prodejnách a na Target.com s více než 1 600 produkty od 90 značek. Tržby z beauty segmentu ve 2. čtvrtletí vzrostly na 3,639 miliardy USD z 3,396 miliardy USD.
Key Takeaways Target will launch Beauty Studio on Sept. 10 in 600 stores, with 1,600 products from 90 brands.Beauty net sales rose to $3.64B from $3.40B a year earlier, extending high-single-digit growth.Target is adding prestige and global brands, advisers, testing, sampling and exclusive Circle offers. Target Corporation (TGT - Free Report) is leaning into its high-performing categories to maintain top-line growth, placing beauty at the forefront of its retail strategy. During the second quarter of fiscal 2026, the retailer experienced high single-digit net sales growth in its beauty segment. Building on this sustained momentum, Target is taking a bold step in its Beauty strategy with the Sept. 10 launch of Target Beauty Studio in more than 600 stores nationwide and on Target.com.
The new concept will feature more than 1,600 products from 90 prestige, emerging and global brands, with more than two-thirds of the featured brands new to Target. In the second quarter, Beauty net sales rose to $3,639 million from $3,396 million a year earlier. Management had also highlighted sustained guest response to Beauty investments made earlier in the year.
Target Beauty Studio takes that strategy beyond assortment expansion. The concept centers on discovery, combining dedicated Beauty Advisors with product testing, rotating features, exclusive Target Circle offers and a center table that showcases brands through storytelling and sampling. The assortment spans skincare, makeup, haircare, fragrance, bath and body, nails and other fast-evolving beauty segments.
The launch also adds a stronger prestige and global dimension through brands such as Sunday Riley, Briogeo, Rom&nd, Lake & Skye and Tan-Luxe. Target had previously described Beauty Studio as an elevated, immersive experience supported by dedicated advisers.
As one of seven core priority areas receiving disproportionate capital and operational resources, the beauty segment represents a key pillar in Target’s effort to drive relevance with busy families. The upcoming studio expansion marks the next chapter in Target’s multi-year effort to expand its merchandising authority in beauty.
How Does Target Stack Up Against Its Industry?Target, which competes with Dollar General Corporation (DG - Free Report) and Costco Wholesale Corporation (COST - Free Report) , has seen its shares rally 31.9% over the past three months against the industry’s 2.2% decline. While shares of Dollar General have risen 26.4%, those of Costco have fallen 4.5% in the aforementioned period.
Image Source: Zacks Investment Research
What Does Target’s Current Valuation Suggest?From a valuation standpoint, Target's forward 12-month price-to-earnings ratio stands at 16.77, lower than the industry’s 28.25. However, the stock is trading above its 12-month median level of 14.61.
Target is trading at a discount to Costco (with a forward 12-month P/E ratio of 45.42) but at a premium to Dollar General (16.75).
Image Source: Zacks Investment Research
What Do Earnings Estimates Signal for Target?The Zacks Consensus Estimate for Target’s earnings per share for the current and next fiscal year has increased by $2.08 and 44 cents to $10.42 and $9.31, respectively, over the past 30 days.
Image Source: Zacks Investment Research
Target currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
AST SpaceMobile posunula cíl mít 45 satelitů na oběžné dráze na začátek roku 2027 po ztrátě BlueBird 7 v dubnu. Firma má nyní 12 satelitů na oběžné dráze.
AST SpaceMobile (ASTS +11.83%) develops constellations of low Earth orbit (LEO) satellites that help telecom companies -- like AT&T (T -0.19%) and Verizon (VZ -0.16%) -- expand their wireless networks to remote areas that their terrestrial towers can't reach. It's launched 13 of its BlueBird satellites so far, and 12 of them are currently in orbit.
But after closing at a record high of $133.09 per share on May 28, 2026, AST's stock dropped back to the low $60s. A major cause of that decline was its slower-than-expected expansion. Back in late 2025, it claimed it could have 45 to 60 satellites in orbit by the end of 2026. But after losing BlueBird 7 in orbit in April, it reduced that target to just 45 satellites. During its second-quarter report in July, it pushed back the 45-satellite target to early 2027.
Image source: Getty Images.
That delay was disappointing, but AST has plenty of irons in the fire. It's already working with more than 60 carriers to reach over 3 billion wireless subscribers, it has a $1.3 billion backlog, and it still plans to expand its constellation to at least 248 satellites over the long term. From 2025 to 2028, analysts expect AST's revenue to surge from $71 million in 2025 to $1.73 billion. They also expect its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) to turn positive in the final two years.
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With an enterprise value of $21 billion, AST's stock isn't cheap at 33 times next year's sales. But if you expect it to get back on track and aggressively expand its satellite network over the next few years, its recent pullback could be a great buying opportunity.
Leo Sun has positions in Verizon Communications. The Motley Fool has positions in and recommends AST SpaceMobile. The Motley Fool recommends Verizon Communications. The Motley Fool has a disclosure policy.
Somnigroup International dokončila akvizici Leggett & Platt a zvýšila roční cíl synergií na zhruba 75 milionů USD z původních 50 milionů USD. Transakce má letos přidat asi 0,10 USD na EPS.
Somnigroup International NYSE: SGI said it has completed its acquisition of Leggett & Platt, expanding its vertical integration in bedding components while adding businesses serving automotive, furniture, geocomponents and hydraulic-cylinder markets.
Chairman, President and CEO Scott Thompson said the combined company has more than $11 billion in trailing 12-month sales, more than $750 million in trailing 12-month net income, over 170 manufacturing plants, more than 2,800 retail stores, over 40 direct-to-consumer e-commerce websites and approximately 36,000 associates. The company also reported a $20 billion enterprise value and $15 billion market capitalization following the transaction.
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Leggett & Platt will operate as a standalone business unit within Somnigroup, alongside Tempur Sealy, Mattress Firm and Dreams. Thompson said the decentralized model is intended to allow individual units to remain close to their customers and markets while drawing on Somnigroup’s scale, balance sheet and operational capabilities.
Synergy Target Raised to $75 Million Executive Vice President and CFO Bhaskar Rao said Somnigroup increased its annual run-rate synergy target to approximately $75 million, up from the roughly $50 million estimate provided when the deal was announced. The revised target includes $35 million of sourcing-related opportunities, $30 million in operations-related opportunities and a $10 million EBITDA benefit from innovation initiatives.
The company expects to realize about $25 million of synergy benefits during calendar 2027, with full realization over three years. Rao said Somnigroup expects to produce more than 90% of its U.S. innerspring needs internally beginning Jan. 1, 2027. Before the combination, Somnigroup sourced 80% of its U.S. springs from Leggett & Platt under a long-term contract, according to Thompson.
Operational opportunities include manufacturing optimization, logistics efficiencies involving chemical storage, warehousing and ocean freight, and the removal of duplicative public-company costs. The companies are also evaluating additional sourcing opportunities in chemicals and professional services.
Thompson said the company’s current synergy target does not include potential revenue synergies, including possible volume gains stemming from Mattress Firm’s updated merchandising standards. Mattress Firm has communicated more stringent component-qualification criteria to suppliers, and Leggett & Platt’s innerspring systems and ECS specialty foams have qualified under those standards.
Financial Impact and Guidance Rao said the all-stock transaction was valued at approximately $2.3 billion based on Somnigroup’s Aug. 25, 2026 closing share price and including Leggett & Platt’s existing net debt. Somnigroup issued approximately 20.6 million shares in connection with the acquisition.
The acquisition is expected to be approximately $0.35 to $0.40 accretive to annualized earnings per share before synergies under the current operating environment, Rao said. For the partial 2026 period, the company expects roughly $0.10 of EPS accretion on approximately $1.2 billion in Leggett sales after eliminating intercompany revenue. Somnigroup raised its annual guidance by $0.10 as a result.
For the remainder of 2026, Rao said the company expects Leggett & Platt to contribute approximately $1.25 billion in as-reported sales and $120 million in adjusted EBITDA, with roughly two-thirds of the EBITDA contribution expected in the fourth quarter. He said the third quarter faces a difficult prior-year comparison, while the fourth quarter is expected to show some sales and EBITDA growth.
Somnigroup also expects approximately $50 million of annualized non-cash expense from the fair-value adjustment of the acquired business, primarily affecting cost of goods sold, and approximately $10 million of annualized non-cash expense related to acquired Leggett bonds, affecting interest expense.
The transaction reduced Somnigroup’s net financial leverage by approximately 0.2 times, according to Rao. The company expects to end the year near the midpoint of its 2-times to 3-times adjusted EBITDA leverage target range.
Product Branding and Industry Outlook Somnigroup plans to highlight Leggett & Platt innerspring technology on selected mattress products, beginning with an all-new Stearns & Foster collection scheduled for launch this fall. Thompson said the initiative is designed to make consumers more aware of the components that affect mattress comfort, support and durability.
“What is in your mattress matters,” Thompson said, adding that retail sales associates will receive enhanced training on the quality and durability of Leggett springs.
Thompson said the company does not expect material channel conflict with Leggett & Platt’s third-party bedding customers. He cited the component supplier’s product quality and manufacturing scale, and said there is no strategic reason the transaction should threaten those customers.
On the broader market, Thompson said the global bedding industry remains structurally sound despite an extended downturn. He attributed weak demand primarily to consumer confidence and said entry-level consumers and those unsettled by current events have been slower to enter the mattress-buying funnel.
Somnigroup plans to update its long-term outlook, including the acquisition’s impact on its prior 2028 EPS target of $5.15, when it reports fourth-quarter results. Thompson said the previous target remains “in play,” while the Leggett & Platt acquisition could increase upside if the bedding market recovers.
The company continues to target allocating 50% of free cash flow during 2026 and expects stock repurchases to be “very robust” over the foreseeable future, particularly in 2027, Thompson said.
About Somnigroup International (NYSE:SGI)Somnigroup International Inc, together with its subsidiaries, designs, manufactures, distributes, and retails bedding products in the United States and internationally. It provides mattresses, foundations and adjustable foundations, and adjustable bases, as well as other products comprising pillows, mattress covers, sheets, cushions, and various other accessories and comfort products under the Tempur-Pedic, Sealy, Stearns & Foster, Sealy, and Cocoon by Sealy brand names. The company sells its products through approximately company-owned stores, online, and call centers; and third party retailers, including third party distribution, hospitality, and healthcare.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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Adamera oznámila na projektu South Hedley silnou IP anomálii o šířce nejméně 2,8 km, která může dosahovat až 4 km a pokračuje do hloubky pod 325 m. Průzkum byl po omezeních kvůli požárům obnoven.
Vancouver, British Columbia – TheNewswire - September 2, 2026 – Adamera Minerals Corp. (TSX-V: ADZ; OTC: DDNFF) (“Adamera” or the “Company”) announces partial results from an induced polarization (IP) survey that has identified a strong chargeability anomaly measuring at least 2.8km in width with evidence of full width in the range of 4km, at the 100% owned South Hedley Copper-Gold Property in southern British Columbia. The survey is continuing.
The chargeability response of the 2D inversion indicates that the anomaly persists below 325m depth. The Company interprets it as evidence of a buried sulphide system of considerable strength and extent. Volcanic rocks dominate surface exposures, however, one rock sample above the anomaly was identified as a sulphide-bearing dioritic intrusive rock. The intrusive carries copper values ranging from 200 to 2000 ppm (see photo below).
The South Hedley Copper-Gold Property is located within the Quesnel Trough, which hosts several of British Columbia’s largest copper-gold porphyry mines. The IP anomaly is on the Max target situated 18km east of the Copper Mountain mine and 18km west of the Nickel Plate gold mine, near Hedley, B.C. The scale of the chargeability anomaly at Max appears to be similar to that surrounding the nearby Copper Mountain deposit.
The IP Survey
The pole-dipole IP survey is being conducted along 5km lines spaced 400m apart. Data are collected at 100m dipole stations, with an estimated depth penetration of approximately 325m.
Inversion modelling of the IP data shows a chargeability anomaly measuring at least 2.8km in width, and up to 4km depending on interpretation. To date, two 5km long lines spaced by 400m, L2600 and L3000, have been completed (Figure 1). A third line is currently underway.
Chargeability increases below the volcanic rocks at surface, suggesting a sulphide source at depth. Peak chargeability values greater than 50 mV/V have been measured in the field, with the highest inverted values reaching 77 mV/V on L2600 and 59 mV/V on L3000.
In August, a rock sample collected over the chargeability anomaly was described in the field as a porphyritic diorite intrusive with sulphides. Preliminary portable XRF analysis of this sample, MR26-12, returned anomalous copper values of 200 to 2000 ppm.
“An undrilled copper-gold porphyry target of this size and strength, 18km from a producing copper mine in an established district, is not something that often turns up,” stated Mark Kolebaba, President and CEO of Adamera Minerals. “We will continue to work to provide further evidence of a concealed sulphide system. The next steps are straightforward: extend the IP survey, process the soil and rock samples and drill the resulting targets.”
The Target Characteristics
Proven belt: The Max Target sits in the Quesnel Trough, a prolific porphyry copper-gold belt in south-central B.C., 18km from the producing Copper Mountain mine.
A classic porphyry geochemical response: A 2x3 km copper±gold-in-soil anomaly at Max forms a horseshoe pattern around younger volcanic cover. Copper in soil reaches 1,450 ppm and gold reaches 1.34 g/t. The anomaly remains open to the north, west and possibly east. Approximately 1800 additional soil samples have been collected to define the copper anomaly to the west and north.
A buried intrusive source: Ground magnetic surveying defines a 2x3 km magnetic high centred within the soil anomaly. The magnetic anomaly is interpreted as a buried intrusive body with a modelled top at approximately 110m depth.
Geophysical evidence of sulphides at depth: An extensive chargeability anomaly persists below 325m depth, where elevated chargeability is combined with moderate-to-elevated resistivity rather than a low-resistivity conductor. This is interpreted as a buried sulphide system.
Surface evidence of the mineralizing system: Rocks identified at surface indicate an underlying mineralizing system. Gold-bearing veins beneath the volcanic cap are exposed in an incised valley. They are interpreted as a link to the buried target. In August 2026, ground-truthing along the IP line identified possible porphyry-style alteration as well as intrusive rocks with copper ranging from 93 ppm to 350 ppm and as high as 2034 ppm.
Operational Details
Because IP surveying uses electrical current, it is subject to more wildfire restrictions than other exploration activities. Through the season, the IP survey was affected by numerous wildfire restrictions, including a complete shutdown of the IP program on August 11. While the IP survey was suspended, the crew shifted to soil sampling and ground magnetic surveying. Adamera collected an additional 1800 soil samples. Results are pending.
Wildfire risk and associated restrictions have eased due to cooler temperatures and recent rainfall. The IP surveying has resumed, with a third line now underway.
Next Steps
The Company has added drill sites to its drill permit application based on the current IP survey and August 2026 program. Continued work includes:
IP survey: Continue IP surveying along 5km north-south lines spaced 400m apart. A third line, L2200, is underway over the Max Prospect, where soil samples contain up to 1450 ppm copper and 1.34 g/t gold.
Rock Sample Analysis: Geochemicaland petrographic analysis will be completed on numerous rock samples including MR26-12.
Soil geochemistry: Geochemicalprocessing of approximately 1800 soil samples over the Max Copper-Gold target.
Geological follow-up: Continue prospecting along IP anomalies to identify sulphide sources and overlying alteration.
Drilling: Advance the pending drill permits to test the developing targets.
2D Inversion Results
Click Image To View Full Size
Figure 1: Chargeability 2D inversion, lines L2600 and L3000, 100m electrode spacing. Warm colours (red/magenta) indicate elevated chargeability (mV/V), interpreted by the Company as evidence of a sulphide-bearing system at depth. Peak inverted values reach 77 mV/V on L2600 and 59 mV/V on L3000.
Click Image To View Full Size
Photo: Porphyritic intrusive rock with sulfides found in outcrop above IP
chargeability corridor. Copper values ranging from 200 to 2000 ppm.
Qualified Person
Martin St. Pierre, P.Geo., a qualified person as defined by National Instrument 43-101, has reviewed and approved the technical content of this news release. Portable XRF analysis of rock samples is preliminary in nature, is used as a field-screening technique, and has not been verified by an accredited laboratory. The Copper Mountain and Nickel Plate mines are located on properties adjacent to or near the South Hedley Property. Mineralization on those properties is not necessarily indicative of mineralization on the South Hedley Property.
About Adamera
Adamera Minerals Corp. is targeting critical metals in the U.S. and copper-gold in southern British Columbia. In Washington State, the Company is advancing a tungsten portfolio intended to support a secure domestic supply for U.S. markets. In Canada, Adamera is exploring the South Hedley Copper-Gold Project and maintains several drill-ready gold projects in its portfolio.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Statements in this press release, other than purely historical information, including statements relating to the Company’s future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.
AbraSilver oznámila nové výsledky vrtů z Cerro Viejo na Diablillos, které potvrdily široké zóny mělké zlaté mineralizace téměř od povrchu. V jednom vrtu navíc zachytila 7,0 m s 0,53 % mědi v sulfidech v hloubce 97 m.
Toronto, Ontario--(Newsfile Corp. - September 2, 2026) - AbraSilver Resource Corp. (TSX: ABRA) (OTCQX: ABBRF) ("AbraSilver" or the "Company") is pleased to report new assay results from five holes completed at the Cerro Viejo target as part of the ongoing Phase VI exploration drill program at its wholly-owned Diablillos project in Argentina (the "Project").
Cerro Viejo is located approximately 4 km north of the Oculto deposit, where surface channel sampling and earlier reconnaissance drilling identified gold mineralization associated with extensive east-west trending silicified structures extending for approximately 1.5 km. Initial reconnaissance drilling at Cerro Viejo conducted in 2024 returned 36.0 metres ("m") grading 1.91 g/t gold from a downhole depth of only 87 m in hole DDH 24-056, including 5.0 m grading 7.22 g/t gold (see the Company's news release dated January 27, 2025). Follow-up drilling has now confirmed broad zones of shallow, oxide-hosted gold mineralization beginning close to surface, together with copper mineralization in sulphides at depth.
These results further highlight the exploration potential of the Diablillos property beyond the Mineral Resources and Mineral Reserves that underpin the recently completed Definitive Feasibility Study ("DFS").
Highlight Drill Results: Widths are reported as drilled; true widths are not yet known.
DDH 26-037: 27.0 m of 0.58 g/t gold and 4.6 g/t silver from a downhole depth of only 23 metres, within the oxide zone
DDH 26-043: 7.0 m of 0.53% copper from a downhole depth of 97 m, confirming sulphide copper mineralization beneath the gold-bearing oxide zone
DDH 26-047: 32.0 m of 0.29 g/t gold and 2.8 g/t silver from a downhole depth of only 9 m, followed by 14.0 m of 1.50 g/t gold and 6.2 g/t silver from 54 m, both within the oxide zone
DDH 26-048: 21.0 m grading 0.12 g/t gold and 0.10% copper from a downhole depth of 82 m, and 18.0 m grading 0.13 g/t gold and 0.06% copper from 212 m
212.0230.0Sulphides18.0 1.50.130.06 Note: All results in this news release are rounded. Assays are uncut & undiluted. Widths are drilled widths, not true widths. True widths are unknown
John Miniotis, President and CEO, commented, "These initial results from Cerro Viejo are encouraging, with broad zones of gold mineralization starting close to surface within the oxide zone. With the Diablillos DFS now complete and the Project advancing toward a construction decision, our exploration efforts have returned to unlocking the longer-term growth potential, and Cerro Viejo is emerging as an exciting target within the broader district."
Dave O'Connor, Chief Geologist, commented, "What stands out from these results is the continuity of shallow gold mineralization, with mineralization beginning essentially at surface in several holes. The copper mineralization encountered beneath the oxide zone is also consistent with the upper levels of the larger porphyry system interpreted to underlie this area. Continued drilling will help us better define the scale and potential of this emerging target."
Figure 1 – Plan View of Cerro Viejo Drill Results & Surface Sample Results
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Figure 2 – Cerro Viejo Cross-Section
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Additional Details on Drill Results
Cerro Viejo is one of several new exploration areas being systematically tested within the Diablillos property and is located approximately 4 km north of the Oculto deposit. Gold mineralization at Cerro Viejo is hosted within extensive, east-west trending silicified structures that have been traced at surface within a band approximately 0.5 kilometres wide over a strike length of approximately 1.5 kilometres. The mineralization occurs in an epithermal environment interpreted to represent the upper levels of a major porphyry system.
Initial reconnaissance drilling at Cerro Viejo in 2024 intersected widespread gold mineralization, including 36.0 m grading 1.91 g/t gold from a downhole depth of only 87 m in hole DDH 24-056, with a higher-grade interval of 5.0 m grading 7.22 g/t gold. Surface chip and channel samples from the associated siliceous outcrops returned gold values including 16.36 g/t, 12.14 g/t, 3.2 g/t and 2.3 g/t gold. Together these results outlined a large zone with potential for shallow gold mineralization, which is the target of the current drill program. For further details, see the Company's news release dated January 27, 2025.
The mineralized structures occur within zones of silicification in granitoid rocks that host the underlying porphyry system. The gold-bearing silicification includes areas of vuggy silica and brecciation with alunite-jarosite alteration and appears to be steeply dipping. Oxidation in the area is shallow, and preliminary mineralogical work indicates that gold associated with sulphides (pyrite) largely occurs as fine native metal. Metallurgical testwork has not been completed on mineralization from Cerro Viejo.
Cerro Viejo – Near-Surface Oxide Gold Zone (Holes DDH 26-037 and DDH 26-047)
Holes DDH 26-037 and DDH 26-047 both intersected broad zones of gold mineralization within the oxide zone from close to surface, with mineralization in hole DDH 26-047 commencing at a downhole depth of only 9 m. Oxidation across the area tested to date is shallow, and the mineralization intersected in these holes is oxide-hosted throughout.
Cerro Viejo – Copper Mineralization at Depth (Holes DDH 26-043 and DDH 26-048)
Copper values in holes DDH 26-043 and DDH 26-048 occur within sulphides below the oxide zone and are interpreted to represent the deeper parts of steeply dipping mineralized structures. Hole DDH 26-048 is located approximately 500 m northeast of hole DDH 26-043, indicating that mineralization of this style is developed across a substantial area of the property.
Phase VI Exploration Update:
A total of approximately 12,000 m have been completed in 54 diamond drill holes under the Phase VI exploration program since it commenced in January 2026, of which approximately 1,000 m have been drilled at Cerro Viejo. Two drill rigs remain active on the Project, and a third drill rig is expected to be mobilized later in September.
Drilling continues to test extensions of the known mineralization at Oculto West, Oculto East and along the JAC–Oculto trend, in parallel with first-pass and follow-up drilling on new targets including Cerro Viejo and the adjacent Condoryacu property, where initial drilling returned 72 m grading 18.7 g/t gold, 117 g/t silver and 2.06% copper from surface (see the Company's news release dated March 30, 2026).
The Company has recently completed a drone-based magnetic survey at Condoryacu, which shows a distinct north-south character that may reflect structures controlling mineralization. The results will be used to guide follow-up drilling at Condoryacu, which is expected to commence shortly.
The Company is currently conducting a CSAMT survey across the broader Oculto and JAC areas and the intervening trend, with the objective of identifying additional drill targets for the balance of the Phase VI program and for future exploration. The survey comprises northwest-southeast lines, approximately perpendicular to the main structural trends of mineralization, covering an area of 3.5 km northeast-southwest by 2 km northwest-southeast. A historical CSAMT survey over the area showed a strong vertical contrast in resistivity, interpreted to reflect an alteration zone associated with the main feeder system to the Oculto mineralization.
Additional assay results from the ongoing Phase VI drill program are pending and will be released as they become available.
The Diablillos property is located within the Puna region of Argentina, in the southern part of Salta Province along the border with Catamarca Province, approximately 160 km southwest of the city of Salta and 375 km northwest of the city of Catamarca. AbraSilver acquired the property in 2016, which comprises 15 contiguous and overlapping mineral concessions with excellent year-round road access.
Exploration to date has outlined multiple occurrences of silver-gold oxide mineralization at Oculto, JAC, Laderas, and Fantasma, located within a 500 m to 1.5 km distance surrounding the Oculto/JAC epicentre. To date, over 170,000 metres have been drilled on the property, which continues to demonstrate the strong growth potential of shallow, oxide-hosted silver and gold resources. In addition, a large porphyry complex is centered approximately 4 km northeast of Oculto which includes outcropping porphyry intrusions within a major zone of alteration and associated gold rich epithermal mineralization.
Comparatively nearby examples of high sulphidation epithermal deposits include: La Coipa (Chile); Yanacocha (Peru); El Indio (Chile); Lagunas Nortes/Alto Chicama (Peru) Veladero (Argentina); and Filo del Sol (Argentina). The most recent tank and heap leach Mineral Resource estimate for Diablillos is shown in Table 2. Following completion of the DFS in June 2026, the Project also hosts Proven and Probable Mineral Reserves of 77.9 Mt grading 146 g/t silver equivalent ("AgEq"), containing 184 Moz of silver and 1.8 Moz of gold (366 Moz AgEq). For additional details, please refer to the "NI 43-101 Mineral Resource Estimate, Diablillos Silver-Gold Project" dated June 19, 2026, available on SEDAR+ and the Company's website.
Table 2 - Diablillos Mineral Resource Estimate – As of April 30, 2026
ZoneCategoryTonnes
(000 t)Ag
(g/t)Au
(g/t)AgEq
(g/t)Contained
Ag
(000 Oz)Contained
Au
(000 Oz )Contained
AgEq
(000 Oz)Tank
LeachOxidesMeasured41,0421000.68159131,668896209,281Indicated60,978410.589281,0601,143180,078Measured &102,021650.62119212,7282,039389,359Indicated Inferred14,400250.577411,46826234,187Heap
LeachOxidesMeasured25,469130.091910,9977615,425Indicated104,49170.131524,32842849,342Measured &129,96080.121635,32550364,767Indicated
Inferred49,347120.263218,40642050,340Footnotes for Tank Leach Resource:Mineral Resources are not Mineral Reserves and have not demonstrated economic viability.The formula for calculating AgEq is as follows: Silver Eq Oz = Silver Oz + Gold Oz x (Gold Price/Silver Price) x (Gold Recovery/Silver Recovery).The Mineral Resource model was populated using Ordinary Kriging grade estimation within a three-dimensional block model and mineralized zones defined by wireframed solids, which are a combination of lithology and alteration domains. The 1m composite grades were capped where appropriate.The Mineral Resource is reported inside a conceptual Whittle open pit shell derived using US$ 34.50/oz Ag price, US $3,200/oz Au price, 86.6% process recovery for Au, and 80.9% process recovery for Ag, for the tank leaching and 74.3% process recovery for Au, and 46.8% process recovery for Ag, for the secondary heap leaching.Open pit optimization was constrained using a dual-process approach, with tank leaching as the primary process (total opex of US$32.30/t) and heap leaching as the secondary process (total opex of US$7.00/t).The MRE has been categorized in accordance with the CIM Definition Standards (CIM, 2014).A Net Value per block [NVB] calculation was used to constrain the Mineral Resource, determine the "Benefits = Income-Cost", where, Income = [(Au Selling Price (US$/oz) - Au Selling Cost (USD/Oz)) x (Au grade (g/t)/31.1035)) x Au Recovery (%)] + [(Ag Selling Price (US$/oz) - Ag Selling Cost (USD/Oz)) x (Ag grade (g/t)/31.1035)) x Ag Recovery (%)] and Cost = Mining Cost (US$/t) + Process Cost (US$/t) + Transport Cost (US$/t) + G&A Cost (US$/t) + [Royalty Cost (%) x Income]The Mineral Resource is sub-horizontal with sub-vertical feeders and has a reasonable prospect for eventual economic extraction by open pit methods.In-situ bulk densities were assigned to each model domain, according to samples averages for each lithology domain, separated by alteration zones and subset by oxidation.All tonnages reported are dry metric tonnes and ounces of contained gold are troy ounces.Mining recovery and dilution factors have not been applied to the Mineral Resource estimates.The Mineral Resource was estimated by Luis Rodrigo Peralta, B.Sc., FAusIMM CP (Geo), an INSA Consultora Managing Principal Geologist, and an Independent Qualified Person under NI 43-101.Mr. Peralta is not aware of any environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues that could materially affect the potential development of the Mineral Resource.All figures are rounded to reflect the relative accuracy of the estimates. Minor discrepancies may occur due to rounding to appropriate significant figures.Footnotes for Heap Leach Resource:Mineral Resources are not Mineral Reserves and have not demonstrated economic viability.The formula for calculating AgEq is as follows: Silver Eq Oz = Silver Oz + Gold Oz x (Gold Price/Silver Price) x (Gold Recovery/Silver Recovery).The Mineral Resource model was populated using Ordinary Kriging grade estimation within a three-dimensional block model and mineralized zones defined by wireframed solids, which are a combination of lithology and alteration domains. The 1m composite grades were capped where appropriate.The Mineral Resource is reported inside a conceptual Whittle open pit shell derived using US$ 34.50/oz Ag price, US $3,200/oz Au price, 86.6% process recovery for Au, and 80.9% process recovery for Ag, for the primary process tank leaching and 74.3% process recovery for Au, and 46.8% process recovery for Ag, for the secondary process heap leaching.Open pit optimization was constrained using a dual-process approach, with tank leaching as the primary process (total opex of US$32.30/t) and heap leaching as the secondary process (total opex of US$7.00/t).The MRE has been categorized in accordance with the CIM Definition Standards (CIM, 2014).A Net Value per block [NVB] calculation was used to constrain the Mineral Resource, determine the "Benefits = Income-Cost", where, Income = [(Au Selling Price (US$/oz) - Au Selling Cost (USD/Oz)) x (Au grade (g/t)/31.1035)) x Au Recovery (%)] + [(Ag Selling Price (US$/oz) - Ag Selling Cost (USD/Oz)) x (Ag grade (g/t)/31.1035)) x Ag Recovery (%)] and Cost = Mining Cost (US$/t) + Process Cost (US$/t) + Transport Cost (US$/t) + G&A Cost (US$/t) + [Royalty Cost (%) x Income].The Mineral Resource is sub-horizontal with sub-vertical feeders and a reasonable prospect for eventual economic extraction by open pit methods.In-situ bulk density was assigned to each model domain, according to samples averages for each lithology domain, separated by alteration zones and subset by oxidation.All tonnages reported are dry metric tonnes and ounces of contained gold are troy ounces.Mining recovery and dilution factors have not been applied to the Mineral Resource estimates.The Mineral Resource was estimated by Luis Rodrigo Peralta, B.Sc., FAusIMM CP (Geo), an INSA Consultora Managing Principal Geologist, and an Independent Qualified Person under NI 43-101.Mr. Peralta is not aware of any environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues that could materially affect the potential development of the Mineral Resource.All figures are rounded to reflect the relative accuracy of the estimates. Minor discrepancies may occur due to rounding to appropriate significant figures.QA/QC and Core Sampling Protocols
AbraSilver applies industry standard exploration methodologies and techniques, and all drill core samples are collected under the supervision of the Company's geologists in accordance with industry best practices. Drill core is transported from the drill platform to the logging facility where drill data is compared and verified with the core in the trays. Thereafter, it is logged, photographed, and split by diamond saw prior to being sampled. Samples are then bagged, and quality control materials are inserted at regular intervals at site; these include blanks and certified reference materials as well as duplicate core samples which are collected in order to assess sampling precision and reproducibility. Groups of samples are then placed in large bags which are sealed with numbered tags in order to maintain a chain-of-custody during the transport of the samples from the project site to the laboratory.
All samples are received by the ASA (Alex Stewart Argentina) preparation laboratory in Salta, where they are prepared, then the pulp sachet is directly dispatched to its facility in Mendoza, Argentina, where they are analyzed. All samples are analyzed using a multi-element technique consisting of a four-acid digestion followed by ICP/AES detection, and gold is analyzed by 50g Fire Assay with an AAS finish. Silver results greater than 100g/t are re-analyzed using four acid digestion with an ore grade AAS finish.
Qualified Persons
David O'Connor P.Geo., Chief Geologist for AbraSilver, is the Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, and he has reviewed and approved the scientific and technical information in this news release.
About AbraSilver
AbraSilver is a leading silver-gold development company focused on advancing its 100%-owned Diablillos Project in the mining-friendly provinces of Salta and Catamarca, Argentina. The recently completed Definitive Feasibility Study highlights Diablillos as a robust, high-margin, long-life precious metals project with a strong production profile and substantial exploration upside. In addition, the Company has entered into an earn-in option and joint venture agreement with Teck on the La Coipita project, located in the San Juan province of Argentina. AbraSilver is listed on the TSX under the symbol "ABRA" and in the U.S. on the OTCQX under the symbol "ABBRF."
For further information please visit the AbraSilver Resource website at www.abrasilver.com, our LinkedIn page at AbraSilver Resource Corp., and follow us on X at www.x.com/abrasilver.
Cautionary Statements
This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. All statements that address future plans, activities, events or developments that the Company believes, expects or anticipates will or may occur are forward-looking information. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. When considering this forward-looking information, readers should keep in mind the risk factors and other cautionary statements in the Company's disclosure documents filed with the applicable Canadian securities regulatory authorities on SEDAR+ at www.sedarplus.ca. The risk factors and other factors noted in the disclosure documents could cause actual events or results to differ materially from those described in any forward-looking information. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Neither the TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this news release
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/312460
Source: AbraSilver Resource Corp.
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Nebius zvýšil cíl nasmlouvané kapacity do konce roku 2026 na 5 GW, a to už potřetí za šest měsíců. Firma zároveň uvedla, že její tržby za 2. čtvrtletí vzrostly meziročně o 454 % na 582,3 milionu USD.
In February, Nebius Group (NBIS -3.29%) told investors to expect more than 3 gigawatts (GW) of contracted power by the end of 2026. In May, the target became more than 4 GW. In August, alongside second-quarter results, the artificial intelligence (AI) cloud provider raised it again, to 5 GW.
Contracted power is the raw material of Nebius' business. It's the electricity capacity the company has secured for data centers that rent out graphics processing units (GPUs). Three raises in six months say the company keeps finding more of it, faster than it expected. That escalation has my attention.
Nebius carries a market value of about $56 billion, with shares just above $200 as of this writing. Its revenue over the past 12 months was about $1.4 billion.
What does 5 GW of power have to earn to justify a price like that?
Image source: Getty Images.
Three raises in six monthsThe escalation is the company's own, laid out in its August shareholder letter. A year ago the target was more than 1 GW. It became more than 2.5 GW in November, more than 3 GW in February, more than 4 GW in May, and 5 GW now.
The business underneath is scaling almost as fast.
Second-quarter revenue grew 454% year over year to $582.3 million, with the core AI cloud business contributing about 98% of the total. Annualized run-rate revenue reached $3.0 billion at the end of June -- up 598% year over year, and up 56% from $1.9 billion just three months earlier.
Profitability is arriving with scale, too. The AI cloud business produced an adjusted EBITDA margin of 50% in the quarter, up from 45% in the first quarter and 24% in the fourth quarter of 2025. Companywide, adjusted EBITDA swung to a positive $236 million from a loss a year earlier. (EBITDA is earnings before interest, taxes, depreciation, and amortization.)
Each megawatt is worth more than it used to beNebius closed four landmark deals in the second quarter, averaging more than $1 billion in total contract value, with AI developers Reflection and Cohere among the customers. The company said those deals carry annual contract value of $20 million to $25 million per megawatt.
That is up from about $12 million per megawatt on its 2026 base of business. And early third-quarter short-term capacity deals are pricing above $40 million per megawatt. All told, the company counts $40 billion in customer commitments.
So what could the full target earn? If Nebius eventually deployed all 5 GW (5,000 megawatts) and sold it at even the older $12 million rate, the implied revenue would be about $60 billion a year. At the second quarter's deal prices, the figure could be far higher.
Against a $56 billion market value, that is the bull case in one calculation.
The capacity can't arrive all at onceHowever, contracted power is not deployed power, and deployed power is what generates revenue. Nebius says it plans to bring more than 1 GW of capacity online per year starting in 2027. At that pace, turning 5 GW of contracts into running data centers is a project that can stretch toward the end of the decade.
Today's Change
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The spending, meanwhile, is immediate. Nebius spent $5.7 billion on property and equipment in the second quarter alone, and management expects $20 billion to $25 billion of capital expenditures for the full year. The company still runs at an operating loss ($176 million in the second quarter), and its quarterly depreciation and interest costs are climbing fast as the build-out compounds.
Of course, customer prepayments help. The company expects more than $9 billion of them in 2026, and prepayments covered 50% to 60% of the capital spending tied to recent deals. The capital markets supply much of the rest, including a convertible note sale that closed in August with about $5.75 billion of gross proceeds. But the model still consumes enormous amounts of money before it returns any.
Even so, management reaffirmed its full-year guidance, including revenue of $3 billion to $3.4 billion and a year-end run-rate target of $7 billion to $9 billion. Hit the top of that range, and today's market value works out to about six times year-end run-rate revenue. For growth like this, that's arguably a fair price. But it leaves no room for deployment delays, softer GPU pricing, or a pause in AI spending.
I believe the contracts will become revenue -- the customers are signed, and the price per megawatt keeps rising. Still, most of those megawatts won't produce a dollar until 2027 or later, and the building costs land now. I'm watching Nebius closely, but I'm not buying shares yet.
Společnost Stakeholder Gold oznámila, že vrt BA2601 v zóně Loki potvrdil mineralizaci mědi, niklu, kobaltu a PGE v celé délce 498 metrů. 3D inverzní modely zároveň vymezily nový neprovrtaný vodivý cíl o ploše asi 1,45 km² přibližně 1,4 km jižně.
Toronto, Ontario--(Newsfile Corp. - September 1, 2026) - Stakeholder Gold Corp. (TSXV: SRC) (OTCQX: SKHRF) (WKN: A2QEP1) ("Stakeholder" or the "Company") is pleased to report the final diamond drill assay results for hole BA2601, completing a fully mineralized 498-metre discovery hole at the Loki Critical Mineral Zone on its 100%-owned Ballarat Gold-Copper Project ("Ballarat") in the prolific White Gold District of the Yukon Territory. Stakeholder also reports significant results from the three-dimensional (3D) inversion modelling of the Company's VTEM (electromagnetic) and magnetic geophysical data over the Loki area (Figures 1–4).
The newly received assays cover the upper (1–226 m) and lower (451–498 m) portions of hole BA2601, completing the full 498-metre hole and confirming mineralization throughout. The additional data show that copper-nickel-cobalt and platinum-group-element (PGE) mineralization extends through much of the upper hole, hosted in the same mineralized pyroxenite intrusion reported in the central interval on August 18, 2026. New and previously released intervals are summarized in Table 1; the property and the location of hole BA2601 are shown in Figure 1, and the completed hole in cross-section in Figure 2.
Highlights
Full hole completed – mineralized top to bottom: Final assays complete the 498-metre hole (BA2601), confirming broad mineralization through the upper hole and materially extending the copper-nickel-cobalt-PGE system defined in the initial (226–451 m) release.
Standout upper-hole copper-nickel-cobalt grades: New intervals underscore the strength of the system, including 3 m at 110–113 m of 1,650 ppm Cu, 266 ppm Ni and 127 ppm Co (including 1 m at 111–112 m of 2,390 ppm Cu), 13 m at 91–104 m of 670 ppm Cu, 2 m at 133–135 m of 1,020 ppm Cu, and 1 m at 141–142 m of 1,180 ppm Cu.
Compelling platinum-palladium credits: The upper hole delivered 2 m at 98–100 m of 316 ppb Pt+Pd and 3 m at 141–144 m of 191 ppb Pt+Pd (including 2 m of 252 ppb Pt+Pd), directly associated with the copper-nickel-cobalt mineralization.
3D inversions define a major new target: Independent 3D inversions of the VTEM and magnetic data confirm BA2601 was collared in a large, coincident magnetic and resistive body – interpreted as the mineralized ultramafic intrusion – while a separate, ~1.45 km² conductive zone lies just ~1.4 km to the south, representing a compelling, entirely untested geophysical target for follow-up.
Figure 1. Plan-view property map showing the location of hole BA2601, Loki Critical Mineral Zone
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Hole BA2601 was drilled to 498 metres to test the Loki Critical Mineral Zone, and with the newly received upper- and lower-hole assays, the hole is now complete and confirms mineralization from end to end. Mineralization occurs as disseminated, blebby and locally net-textured to massive magmatic sulphides (pyrrhotite, pentlandite and chalcopyrite) within a broad pyroxenite intrusion, and the additional assays demonstrate that anomalous copper, nickel and cobalt, together with platinum and palladium, continue through much of the upper hole. Selected newly reported intervals are summarized in Table 1; the previously released central interval (226–451 m, reported August 18, 2026) is indicated on the cross-section in Figure 2.
Figure 2. Cross-section of completed hole BA2601, Loki Critical Mineral Zone – previously released interval indicated
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ZoneFrom
(m)To
(m)Length
(m)Cu
(ppm)Ni
(ppm)Co
(ppm)Pt
(ppb)Pd
(ppb)Pt+Pd
(ppb)Cu-Ni-Co sulphide zone3133287410368121628Cu-Ni-Co sulphide zone8084478014396231537PGE zone8285363418234383877Cu-Ni-Co sulphide zone911041367017645392866PGE zone98100265226540182134316Cu-Ni-Co sulphide zone11011331,650266127232043including11111212,390412158262349Cu-Ni-Co sulphide zone116127115822474213Cu-Ni-Co sulphide zone13313521,02016172272855PGE zone133134180216463434790Cu-Ni-Co sulphide zone14114211,18017660200176376PGE zone14114435871224410289191including141143281014951134118252* Cu-Ni-Co sulphide zone25426061,190159123161934* including25825913,7306415144456100* PGE zone32332631949426474390* including324325122988236258120* PGE zone38038554633115842100* including3803811100182011865183Cu-Ni-Co sulphide zone47147218241625213Table 1: BA2601 intercepts at cut-offs of 500 ppm Cu (copper zones) and 50 ppb Pt+Pd (PGE zones); "including" sub-intervals at 2,000 ppm Cu / 100 ppb Pt+Pd. An asterisk (*) marks intervals between 226 and 451 m that were previously released on August 18, 2026; all other intervals are newly reported. Grades are length-weighted averages; copper, nickel and cobalt in ppm and platinum and palladium in ppb. Reported intervals are drill-core lengths; true widths are not yet determined.
3D Geophysical Inversion Results Define a Major New Target
The Company has received preliminary results from independent three-dimensional inversions of its airborne VTEM (versatile time-domain electromagnetic) and airborne magnetic datasets over the Loki area. The magnetic susceptibility inversion resolves a large, coherent magnetic body at Loki, into which hole BA2601 was collared, and the VTEM resistivity inversion shows this same body is relatively resistive – a signature consistent with a sulphide-bearing ultramafic intrusion. The preliminary 3D models are shown in Figure 3.
Figure 3. 3D inversion models of the Loki Critical Mineral Zone: (a) VTEM resistivity and (b) magnetic susceptibility, with hole BA2601 in both
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3082/312258_6bd12804c4ad7ba5_003full.jpg
In plan view, the magnetic and resistive Loki body is spatially distinct from a ~1.45 km² conductive zone that the VTEM inversion places approximately 1.4 kilometres to the south (Figure 4) – opening up a second, entirely untested target within the system. The coincident magnetic-resistive signature at Loki is consistent with a sulphide-bearing ultramafic intrusion, while the separate southern conductor represents a discrete, untested geophysical target for future drill testing.
Figure 4. Plan-view depth slices from the 3D inversions: (a) VTEM resistivity at 150 m and (b) magnetic susceptibility at 200 m below surface
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3082/312258_6bd12804c4ad7ba5_004full.jpg
"Our first drill hole into Loki confirms a large ultramafic intrusion carrying copper, nickel, cobalt and platinum and palladium - a critical mineral suite found on almost all the world's critical mineral lists," stated Christopher Berlet CEO and Director of Stakeholder.
"Geophysics has now also confirmed that large, untested conductive anomalies are located nearby and within the intrusive structure itself. Our next steps are to: refine the geophysical targets that have already been identified, drill test the conductive anomalies found near to our first metal discovery hole and continue the work required to identify similar structures along the full 35-km trend of the Loki ultramafic intrusion which is found on the southern section of Stakeholder's 100% titled land position in the center of the rapidly evolving White Gold District."
Sampling and Quality Assurance / Quality Control
Drill core from hole BA2601 was logged, photographed and sampled at the core facility in Dawson, Yukon, where the core was sawn in half and one half was submitted for analysis at one-metre sample intervals. Samples were sent to the Bureau Veritas (BV) preparation laboratory in Whitehorse, Yukon, where they were crushed, and a split was pulverized to 85% passing 200 mesh.
At the BV laboratory in Vancouver, British Columbia, platinum, palladium and gold were determined by 30-gram fire assay with an ICP-ES finish (BV method FA350), and copper, nickel, cobalt and additional elements by 1:1:1 aqua-regia digestion with an ICP-ES/MS finish (BV method AQ201). Bureau Veritas Commodities Canada Ltd. is an ISO/IEC 17025-accredited laboratory that is independent of the Company. As part of its quality-assurance / quality-control program, the Company inserts certified reference materials (standards), blanks and duplicate samples into the sample stream and reviews all quality-control results upon receipt of assays.
Adam Fage, M.Sc., P.Geo. states:
"The completed BA2601 assays confirm that copper, nickel and cobalt, together with platinum and palladium, extend through a broad interval of the Loki ultramafic intrusion rather than being confined to a single zone. Coincident 3D magnetic and resistivity models show the intrusion is a large, discrete body, and the separate conductor to the south gives us a second, independent target. Our focus now is to use these results to vector toward higher-tenor sulphide accumulations within the system."
Adam Fage MSc., P.Geo is an independent geological consultant and the Qualified Person for the Company, as defined by NI 43-101, and has reviewed and approved the contents of this press release.
About Stakeholder Gold Corporation
Stakeholder holds 100% ownership of a substantial 1,140-claim, 22,700-hectare land package spanning 20 km of the Coffee Mine Project's "Northern Access Route (NAR)", positioned through the geographical center of the dynamic White Gold District of the Yukon Territory, Canada. Stakeholder also maintains in good standing 10 claims located inside the adjacent Coffee Mine Project, which is being developed by Talamore Mining Corp. These combined claim holdings are referred to collectively as the Ballarat Gold-Copper Project ("Ballarat").
Within its extensive contiguous claim holdings, Stakeholder is advancing exploration on two highly compelling exploration targets - the Skye Gold Zone and the Loki Critical Mineral Zone - two independent exploration targets separated by some 8 km, prospective for new gold and critical mineral discoveries respectively, on either side of the Northern Access Route (NAR), in the heart of the White Gold District.
Stakeholder also generates recurring cash flow from the production and sale of exotic stones through its 100%-owned Brazilian subsidiary Mineração VMC Ltda. ("VMC"). VMC is currently producing from 4 independent stone quarries and is actively pursuing opportunities to expand the sale and export of exotic stone building materials from Brazil.
https://victoriaminingcorp.ca
Christopher J. Berlet B.A.Sc.(Mining), CFA, CEO & Director of Stakeholder is responsible for the content of this press release.
Forward-Looking Information
This news release contains forward-looking information. All information, other than information of historical fact, constitute "forward-looking statements" and includes any information that addresses activities, events or developments that the Corporation believes, expects or anticipates will or may occur in the future including the Corporation's strategy, plans or future financial or operating performance.
When used in this news release, the words "estimate", "project", "anticipate", "expect", "intend", "believe", "hope", "may" and similar expressions, as well as "will", "shall" and other indications of future tense, are intended to identify forward-looking information. The forward-looking information is based on current expectations and applies only as of the date on which they were made. The factors that could cause actual results to differ materially from those indicated in such forward-looking information include, but are not limited to, the ability of the Corporation to fund the exploration expenditures required under the Agreement. Other factors such as uncertainties regarding government regulations could also affect the results. Other risks may be set out in the Corporation's annual financial statements, MD&A and other publicly filed documents.
The Corporation cautions that there can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, investors should not place undue reliance on forward-looking information. Except as required by law, the Corporation does not assume any obligation to release publicly any revisions to forward-looking information contained in this press release to reflect events or circumstances after the date hereof.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/312258
Source: Stakeholder Gold Corp.
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Eureka Metals zahajuje první osmidílný vrtací program na cíli Hook na projektu KM98 v Québecu. Cílem je ověřit, zda povrchová titanová mineralizace pokračuje do hloubky.
Vancouver, British Columbia--(Newsfile Corp. - September 1, 2026) - Eureka Metals Corp. (CSE: ERKA) (OTCQB: UREKF) (FSE: S580) ("Eureka" or the "Company") is pleased to announce plans for an initial eight-hole drill program at the Hook Target on its KM98 Project ("KM98" or the "Project"), located approximately 60 km north of Havre-Saint-Pierre, Québec.
The program will drill from four approved drill sites, with individual holes planned to a maximum depth of approximately 200 m, to determine whether the large geophysical targets identified beneath and between known surface occurrences represent extensions or additional bodies of the titanium-bearing oxide mineralization identified at surface.
Highlights:
High-grade titanium mineralization at surface: Sampling at the North area returned up to 28.50% TiO₂, 66.31% Fe₂O₃ and 2,085 ppm vanadium from massive oxide mineralization.Drilling to test an approximately 5 km prospective trend: The Hook Target combines titanium-bearing massive and semi-massive oxide mineralization at surface with large geophysical targets beneath and between the known occurrences.Large, untested Center target: 3D magnetic inversion modelling indicates a sizeable magnetic body between the mineralized North and South areas, extending from near surface to depth and not previously tested by drilling.Eight-hole initial drill program: Eight holes from four approved drill sites are planned to test known surface mineralization and the larger targets identified by geophysics.First subsurface test of Hook: Drilling will begin testing the potential scale and geometry of oxide mineralization beneath the Hook Target and provide information to refine future drilling."Hook gives us an opportunity to test whether the high-grade titanium mineralization we have identified at surface is part of a much larger mineralized system at depth," said Danny Matthews, Chief Executive Officer of Eureka Metals. "We have titanium-bearing massive oxide mineralization at multiple locations along an approximately 5 km prospective trend and a large, untested geophysical target between the known surface occurrences. With our first drill program at Hook, we are now moving from surface discoveries and geophysical targets to directly testing the potential scale of the system below surface."
Figure 1: Hook Target showing the approximately 5 km prospective trend defined by magnetic and electromagnetic geophysics, known surface mineralization and proposed drill locations.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9639/312362_b6167414b40a68cb_001full.jpg
Hook Target
Prospecting at Hook in 2024 identified titanium-bearing massive and semi-massive oxide mineralization at the North and South areas. At North, a grab sample of massive oxide containing greater than 65% visually estimated mineralization returned 28.50% TiO₂, 66.31% Fe₂O₃ and 2,085 ppm vanadium.
Airborne geophysical data and subsequent 3D magnetic inversion modelling indicate substantially larger targets beneath and between the known surface occurrences. In particular, the Center area contains a sizeable magnetic target extending from near surface to depth. Center has no surface assay results or bedrock observations and has never been drill tested.
The initial drilling will test beneath known surface mineralization as well as the Center target to begin determining how the mineralization observed at surface relates to the larger geophysical footprint at depth.
Figure 2: Proposed diamond drill holes at the North and South areas plotted on a 3D magnetic vector inversion (MVI) model from the 2023 AirTEM survey.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9639/312362_b6167414b40a68cb_002full.jpg
Initial Drill Program
The current drill plan consists of eight proposed holes from four approved drill sites across the South, Center and North areas. Individual holes are planned to maximum depths of approximately 200 m.
Drilling is expected to begin in areas where titanium-bearing massive and semi-massive oxide mineralization has already been identified at surface before progressing to the Center target. The program is designed to test whether the large geophysical targets correspond to massive oxide bodies beneath surface and, where mineralization is encountered, begin establishing its thickness, orientation and composition.
Drill targeting is being refined using the Project's magnetic and electromagnetic geophysical datasets. Magnetic susceptibility and conductivity measurements are also planned on drill core to correlate the geology encountered in drilling with the airborne geophysical responses and assist in refining future drill targets.
Final hole depths, orientations, sequencing and total metres completed may be adjusted based on geological observations, drilling performance and the available operating window.
KM98 Exploration Program
The Hook drill program follows the Company's recently announced stripping and channel sampling program at the Roadside Target. Roadside and Hook are separate exploration targets, with Hook representing the Company's priority drill target at KM98.
Site preparation is underway, with drill mobilization anticipated in early September. The Company will provide a further update once drilling has commenced.
About the KM98 Project
The KM98 Project is located approximately 60 km north of Havre-Saint-Pierre, Québec, within the Havre-Saint-Pierre Anorthosite Complex. The Project hosts multiple titanium-iron-vanadium exploration targets associated with oxide mineralization identified through historical exploration, airborne geophysics and surface sampling.
Eureka holds an option to acquire an interest in the KM98 Project pursuant to the terms previously disclosed by the Company.
Qualified Person
The scientific and technical information contained in this news release has been reviewed and approved by Ryan Versloot, P.Geo., a technical advisor to the Company and a Qualified Person as defined under National Instrument 43-101. The Company has not independently verified all historical exploration data generated by previous operators and referenced in this news release.
About Eureka Metals Corp.
Eureka Metals Corp. is a Canadian mineral exploration company focused on the acquisition and advancement of exploration projects in Canada. The Company holds a 100% interest in the Tyee Titanium Project in Québec, prospective for titanium-vanadium-scandium mineralization; an option to acquire up to an 80% interest in the KM98 Titanium Project in Québec; and an option to acquire a 100% interest in the Cabin Lake Polymetallic Project in British Columbia, prospective for silver-lead-zinc-gold mineralization.
Forward-Looking Statements
Certain statements contained in this news release, including statements relating to the proposed drill program at the KM98 Project, anticipated drill mobilization, proposed drill locations, orientations, depths and sequencing, the amount of drilling that may be completed, the objectives of the drill program, interpretations of geophysical data, the potential relationship between geophysical targets and surface mineralization, and the Company's future exploration plans, constitute forward-looking information within the meaning of applicable securities laws.
Such forward-looking statements reflect management's current expectations and are based on certain factors and assumptions and involve known and unknown risks and uncertainties which may cause actual results, performance or achievements to differ materially from those expressed or implied by such forward-looking statements. These factors should be considered carefully, and readers should not place undue reliance on the Company's forward-looking statements. The Company undertakes no obligation to update forward-looking statements except as required by applicable securities laws.
The Canadian Securities Exchange (CSE) has not reviewed, approved, or disapproved the contents of this press release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/312362
Source: Eureka Metals Corp.
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Target zvýšil celoroční výhled a čeká růst čistých tržeb kolem 5 %, tedy o celý procentní bod více než dříve. Akcie tak podle firmy zůstávají podhodnocené.
Investors have written off Target (TGT -1.41%) over the last few years as sales stumbled and reputational damage has taken its toll. But the retail giant's comeback is well underway, and there is one reason in particular that Target is worth a second look this month.
What's got investors talking is that Target raised its full-year outlook, and the comeback is in full swing as we head into the holiday shopping season. The guidance raise is significant for a few reasons.
First, it shows that the company is confident its turnaround is not only taking hold, but picking up steam. Second, Target anticipates net sales growth of around 5%, which is an entire percentage point higher than the previous guidance. Lastly, Target is trading at a very reasonable price right now, especially compared to its longer-term history.
Image source: The Motley Fool.
What Target can't afford at the moment is more missteps. A highly controversial Halloween costume was recently pulled from shelves, leading to more calls to boycott. The easily avoidable mistakes need to stop if Target wants to bring back customers for good.
Ultimately, Target's turnaround is for real, and you can see it in its latest numbers. The stock hasn't quite caught up yet, which is why Target is worth a closer look this month.
Premium Feature
Moneyball Superscore
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Target's stock has risen about 65% thus far in 2026, but is still down more than 34% over the past five years. As we approach the holiday shopping season, Target has a real opportunity to climb back to its previous peak. It just can't afford any more face-palm trip-ups.
Catie Hogan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Target. The Motley Fool has a disclosure policy.
Target spouští 10. září ve více než 600 obchodech a na Target.com nové Beauty Studio s více než 1 600 produkty od 90 prémiových, nových a mezinárodních značek. Přichází to po ukončení shop-in-shop partnerství s Ulta Beauty.
Target is expanding its push into higher-end beauty with a new specialty-style concept that the retailer says is part of its broader effort to return to growth.
The Minneapolis-based retailer said Target Beauty Studio will launch Sept. 10 in more than 600 stores nationwide and on Target.com, bringing together more than 1,600 products from 90 prestige, emerging and international brands. More than two-thirds of the brands will be new to Target.
The rollout represents a notable expansion of Target's beauty assortment while adding features more commonly associated with specialty beauty retailers, including dedicated beauty advisers, product testing, rotating product showcases and personalized recommendations.
Target Beauty Studio will launch Sept. 10 in more than 600 stores. (David Paul Morris/Bloomberg via Getty Images)
Target said the new concept is one example of the investments it is making in merchandise and the in-store shopping experience as part of its plans to return to growth. The company operates more than 2,000 U.S. stores.
WALMART AGREES TO PAY $50M SETTLEMENT OVER ALLEGATIONS ITS PHARMACIES FILLED ILLEGAL OPIOID PRESCRIPTIONS
"When guests shop for beauty, they want to pick up their standbys while also exploring what's new and trending, and Target Beauty Studio is designed with that mix in mind," Amanda Nusz, Target's senior vice president of merchandising, essentials and beauty, said in a statement. "It's an inspiring destination to discover what's new, now and next in beauty — and a powerful example of how our merchandising authority comes to life through an elevated guest experience."
Ticker Security Last Change Change % TGT TARGET CORP. 163.18 -2.75 -1.66% The assortment will span skincare, makeup, haircare, fragrance, bath and body products, nail care and sun care. Brands joining Target include Sunday Riley and First Aid Beauty in skincare, Briogeo and Nioxin in haircare and several Korean beauty brands, including Amuse, Kaja and Rom&nd.
The announcement comes after the retailer concluded its shop-in-shop partnership with Ulta Beauty. The partnership rolled out in August 2021 and ended this month.
The assortment will span skincare, makeup, haircare, fragrance, bath and body products, nail care and sun care. (Michael Nagle/Bloomberg via Getty Images)
Target is also adding products from international brands, including Mexican beauty company SARELLY and French nail care brand Manucurist, while offering premium fragrances, styling products, sun care and self-tanning products.
Stores with Target Beauty Studio will feature a central display that rotates several times a year to highlight brands, collaborations and seasonal products. The retailer will also offer a dedicated assortment of miniature products designed to give shoppers a lower-cost way to try new items.
Target is also adding products from international brands. (Scott Olson/Getty Images)
The company is tying the concept to its Target Circle loyalty program through exclusive offers and experiences. Target said the first 100 guests at most stores during a Sept. 26 promotional event will receive a Target Circle bonus that can be used to shop Beauty Studio in stores and online.
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Target said Beauty Studio will continue to evolve with new brands and products, while its existing beauty assortment will remain alongside the new concept.
Hyperliquid Strategies Inc. (NASDAQ:PURR) had a busy week last week that included blockbuster fiscal-year earnings alongside some analyst activity.
Hyperliquid Strategies shares are climbing with conviction. Why are PURR shares rallying? Reports Earnings Beat, Expands HYPE Treasury, Gains Market ShareHyperliquid Strategies reported quarterly earnings of $6.24 per share, beating the analyst consensus estimate of 79 cents by 689.87%. The company reported quarterly sales of $6.334 million, beating the analyst consensus estimate of $3.0 million by 111.13%.
The company raised $647 million in equity capital during the fiscal year and grew its HYPE token treasury from an initial 12.5 million to 29.3 million tokens. Since June 30, the company deployed an additional $773.4 million to acquire roughly 16.5 million more HYPE tokens at an average cost of $46.77, leaving $132.6 million in cash as of Aug. 19.
“This was the year we built the platform,” said CEO David Schamis. “Most of the value that is created is returned to HYPE holders through programmatic buybacks.”
Hyperliquid’s share of global perpetual futures volume hit an all-time high of 9.4% as of June 30, with the platform accounting for 63% of all decentralized perpetuals open interest as of Aug. 23 — more than five times its nearest competitor.
Analyst Consensus & Recent Action The stock carries a Buy rating with an average price forecast of $15.13. One recent analyst move includes:
Chardan Capital: Buy (Raises Target to $17.00) (Aug. 28) Read Next
Hyperliquid Shares Trade HigherPURR Price Action: At the time of publication, Hyperliquid shares are trading 0.17% higher at $11.63, according to data from Benzinga Pro.
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This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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FDA odložila lhůtu pro rozhodnutí o Deramiocel od Capricor Therapeutics z 22. srpna 2026 na 22. listopadu 2026. Důvodem je přezkum doplněných dat z fáze 3 studie HOPE-3.
– New PDUFA target action date of November 22, 2026 follows submission of additional Phase 3 HOPE-3 data and analyses supporting a refined proposed indication –
SAN DIEGO, Aug. 24, 2026 (GLOBE NEWSWIRE) -- Capricor Therapeutics (NASDAQ: CAPR), a biotechnology company developing transformative cell and exosome-based therapeutics for the treatment of rare diseases, today announced that the U.S. Food and Drug Administration (FDA) has extended the Prescription Drug User Fee Act (PDUFA) target action date for its Biologics License Application (BLA) for Deramiocel, an investigational cell therapy for Duchenne muscular dystrophy (DMD), from August 22, 2026 to November 22, 2026.
As part of its ongoing discussions with the FDA following the July 2026 Advisory Committee meeting, Capricor submitted an amendment to the BLA that includes 24-month open-label extension data from its pivotal Phase 3 HOPE-3 study and additional robustness analyses, with a request that the FDA review the existing and new data in support of a refined proposed indication focused on upper limb function, the primary endpoint of HOPE-3. The FDA's Center for Biologics Evaluation and Research (CBER) accepted the amendment for review, citing the significant unmet medical need in DMD. The FDA has classified the submission as a major amendment and extended the PDUFA target action date by three months to allow additional time to review the information.
“With an additional year of follow-up from HOPE-3, we now have one of the most extensive clinical datasets evaluating upper limb function in Duchenne,” said Linda Marbán, Ph.D., Chief Executive Officer of Capricor. “HOPE-3 met its primary endpoint, demonstrating a statistically significant benefit in upper limb function, and we believe the additional open-label data and further analyses included in the amendment strengthen the evidence supporting a refined proposed indication. We appreciate the FDA’s continued engagement and look forward to working constructively with the agency as it completes its review.”
Marbán continued, “The powerful testimony shared by patients, families and clinicians at the July Advisory Committee meeting underscored the importance of preserving upper limb function and the independence it provides for people living with Duchenne. In a progressive disease where function, once lost, cannot be recovered, we believe preservation of upper limb function has the potential to translate into meaningful differences in patients' independence and daily lives. That impact reinforces the urgency of our work and our commitment to bringing Deramiocel to the Duchenne community as soon as possible.”
About Duchenne Muscular Dystrophy
Duchenne Muscular Dystrophy (DMD) is a severe, X-linked genetic disorder characterized by progressive muscle degeneration affecting the skeletal, respiratory, and cardiac muscles. It is caused by the absence of functional dystrophin, a key structural protein in muscle cells. DMD affects approximately 15,000 individuals in the United States and primarily impacts boys. Over time, deterioration of the heart muscle leads to cardiomyopathy and heart failure, which is the leading cause of death in DMD. There is no cure, and treatment options remain limited.
About Deramiocel
Deramiocel (CAP-1002) consists of allogeneic cardiosphere-derived cells (CDCs), a rare population of cardiac cells that have been shown in preclinical and clinical studies to exert immunomodulatory and anti-fibrotic actions in the preservation of skeletal and cardiac muscle function in muscular dystrophies such as DMD. CDCs act by secreting extracellular vesicles known as exosomes, which target macrophages and alter their expression profile to adopt a healing rather than pro-inflammatory phenotype. For the treatment of DMD, Deramiocel holds Orphan Drug, RMAT and Rare Pediatric Disease designations in the U.S., and Orphan Drug and ATMP designations in Europe. The Rare Pediatric Disease Designation may qualify Capricor for a Priority Review Voucher upon approval.
About Capricor Therapeutics
Capricor Therapeutics (NASDAQ: CAPR) is a biotechnology company dedicated to advancing cell and exosome-based therapeutics for the treatment of rare diseases. Our lead product candidate, Deramiocel, is an allogeneic cardiac-derived cell therapy in late-stage development for Duchenne muscular dystrophy (DMD), evaluated in clinical studies for its potential to preserve skeletal and cardiac muscle function. Capricor is also advancing its proprietary StealthX™ exosome platform for the targeted delivery of oligonucleotides, proteins, and small-molecule therapeutics across a range of diseases. At Capricor, we are committed to delivering new therapies for patients with rare diseases. For more information, visit capricor.com and follow Capricor on Facebook, Instagram and X.
Statements in this press release regarding the efficacy, safety, and intended utilization of Capricor’s product candidates; the initiation, conduct, size, timing and results of clinical trials; the pace of enrollment of clinical trials; plans regarding regulatory filings, future research and clinical trials; regulatory developments involving products, including future interactions with regulatory authorities and the ability to obtain regulatory approvals or otherwise bring products to market; manufacturing capabilities; dates for regulatory meetings; the potential that required regulatory inspections may be delayed or not be successful which would delay or prevent product approval, revenue and reimbursement estimates, projected terms of definitive agreements, our financial position, our possible uses of existing cash and investment resources; results of securities litigation; and statements regarding our litigation with Nippon Shinyaku Co., Ltd. and NS Pharma, Inc., including the nature of the dispute, our expectations regarding any legal proceedings, and our ability to commercialize Deramiocel independent of our existing distribution agreement and any other statements about Capricor’s management team’s future expectations, beliefs, goals, plans or prospects constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements that are not statements of historical fact (including statements containing the words “believes,” “plans,” “could,” “anticipates,” “expects,” “estimates,” “should,” “target,” “will,” “would” and similar expressions) should also be considered to be forward-looking statements. There are a number of important factors that could cause actual results or events to differ materially from those indicated by such forward-looking statements. More information about these and other risks that may impact Capricor’s business is set forth in Capricor’s Annual Report on Form 10-K for the year ended December 31, 2025, as filed with the Securities and Exchange Commission on March 17, 2026 and in our Quarterly Report on Form 10-Q for the quarter ended June 30, 2026, as filed with the Securities and Exchange Commission on August 14, 2026. All forward-looking statements in this press release are based on information available to Capricor as of the date hereof, and Capricor assumes no obligation to update these forward-looking statements.
Deramiocel and the StealthX™ vaccine are investigational candidates and have not been approved for commercial use in any indication.
North Arrow na projektu Kraaipan v Botswaně prodloužila odhadovanou délku ložiskového trendu Target AE na 1 000 m. Zároveň dokončila 44 RC vrtů o celkové délce 1 639 m.
Vancouver, British Columbia--(Newsfile Corp. - August 24, 2026) - North Arrow Minerals Inc. (TSXV: NAR) (OTCQB: NHAWF) (FSE: 9TB) ("North Arrow" or the "Company") today reports results from 97 surface samples collected in Q2 2026 at the Kraaipan Gold Project ("Kraaipan") in southern Botswana, extending the potential strike length of Target AE to 1,000 m, with outcrop and float samples returning values of up to 27.8 g/t Au at Target AF and 13.5 g/t Au at Target A. The recent surface sampling across the southern portion of the property extended gold-in-rock trends at four key target areas and generated additional targets for follow-up work. The Company has also completed Rotation 3 regional reconnaissance reverse circulation ("RC") drilling, comprising 44 holes totalling 1,639 m, as part of its US$2.3 million 2026 exploration program. The Kraaipan Project is a significantly underexplored, gold-endowed system masked by shallow Kalahari sand cover that represents the direct northern extension of the Archean greenstone terrane, the Kraaipan Greenstone Belt ("KGB"), hosting Harmony Gold's multi-million-ounce Kalgold Mine, 40 km to the south.
Key Highlights
Potential strike length at Target AE extended to 1,000 m - Anomalous bedrock samples returning up to 0.61 g/t Au were collected approximately 150 m south of previously reported hole KR26-036 (26 m @ 0.59 g/t Au from 1-27 m depth). Together with historical drill intercepts to the south and interpretation of geophysical data to the north, the potential strike length of the target is extended to 1,000 m.
New gold values at Target AN - Surface samples at Target AN, located 3 km north of Target AE returned a maximum value of 1.67 g/t Au, 500 m along strike and to the north of a 1.33 g/t Au sample collected in 2025.
Continued significant gold-in-bedrock results for Targets A and AF - outcrop and float samples returned maximum values of 27.8 g/t Au at Target AF and 13.5 g/t Au at Target A, consistent with previously reported surface samples and shallow RC intersections.
Rotation 3 regional RC drilling completed - 44 regional RC holes were completed for a total of 1,639 m across 10 fences and six target areas. Samples were collected at the base of the Kalahari ("BOK") for overburden geochemistry, together with bedrock samples ("BK") testing prospective geology and geophysical trends. Full assay results are expected in Q3/26.
CEO Commentary
Eira Thomas, Chief Executive Officer of North Arrow, stated: "The value of systematic surface work combined with RC drill testing is allowing us to rapidly identify prospective zones of anomalous gold mineralization at Kraaipan, analogous to the style and tenor of mineralization being actively mined at the multi-million-ounce Kalgold mine, some 40 km to the south, within the same belt. New gold-in-bedrock sampling at Target AE, combined with historic drilling and geophysics, extends the interpreted strike length to approximately one km from the 260 m drilled in Rotation 2, and the target remains open along strike and down dip. Selective outcrop and float samples of up to 27.8 g/t gold at Target AF and 13.5 g/t gold at Target A remain consistent with our shallow RC intersections, and we have added an untested 500 m trend at Target AN and a new target at AQ. Rotation 3 regional drilling is now complete, with 44 holes awaiting assay. Each phase of exploration work at Kraaipan in 2026 has steadily increased our knowledge, allowing us to rank targets across a 60 km long gold belt that has seen very little modern exploration."
Surface Sampling and Prospecting
Figure 1 provides a location map of the sampled Target Zones. Table 1 provides highlights of the surface sample assay values.
Figure 1: Kraaipan Gold Project - Location map of surface sampled Target Zones (white dots) and Rotation 3 RC drill locations (green) in the northern part of the presented view.
To view an enhanced version of this graphic, please visit:
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SampleTargetSample TypeAu g/tNoteCondensed Field DescriptionKR-GS_26-121Aoutcrop5.81South of Grid 1Iron-rich, possible metasediment with quartz veiningKR-GS_26-092Aoutcrop2.91Grid 1 Quartz flooded, brecciated Fe-BIFKR-GS_26-091Aoutcrop13.5Grid 1 BIF with NW-SE quartz vein, sulphide dissolution pitsKR-GS_26-097Aoutcrop2.34Grid 1Quartz veining, gossanous, Fe-replacementKR-GS_26-125Afloat3.36Grid 1-2 Quartz-rich overburden, 15cm qtartz veins sub-parallel to fabricKR-GS_26-058AEoutcrop6.65AE East Zone HWSheared quartz vein, silica replacement along bedding planesKR-GS_26-111AEoutcrop0.69AE WestDensely quartz-veined, strong oxidised BIFKR-GS_26-117AEoutcrop0.61AE South Discordant and fabric parallel quartz veins in BIF, abundant pits after sulphideKR-GS_26-119AEoutcrop0.41AE West
KR-GS_26-113AEoutcrop0.45AE WestSilicified BIF, strong oxidtion, abundant dissolution pits after sulphideKR-GS_26-046AFsubcrop2.54Grid 1 Cherty quartz in BIF, pits after sulphideKR-GS_26-045AFsubcrop0.63Grid 1 Gossanous, with quartz veining, parallel to bedding planesKR-GS_26-050AFoutcrop7.77Grid 3 BIF with quartz veining, relict sulphide pits along vein selvagesKR-GS_26-038AFfloat4.39Grid 3 BIF with quartz veins, silicified, minor brecciation, dissolution pits after sulphideKR-GS_26-039AFfloat1.93Grid 3 Quartz flooded BIF, abundant dissolution pits after suphideKR-GS_26-104AFoutcrop27.8Grid 4Boudinaged quartz veins subparallel to fabric, dissolution pits after sulphideKR-GS_26-032AFfloat1.4Grid 4 Hematized BIF, silicified, dissolution pits after sulphideKR-GS_26-079ANfloat1.67NorthBrecciated, oxidized, fabric and discordant quartz veinsKR-GS_26-069ANoutcrop0.82South Brecciated, Fe-rich, dissolution pitsKR-GS_26-052AQ - newoutcrop0.45newBIF with quartz veins, dissolution pits after sulphideKR-GS_26-053AQ - newoutcrop0.46newBIF, NW-SE trending quartz veins, dissolution pits after sulphideTarget AE
Potential strike extent increased to 1000 m - A total of 18 samples were collected along approximately 1 km long portion of the AE trend to the south and west of the Rotation 2 drilling grid (Figure 2). An anomalous outcrop sample of banded iron formation ("BIF") with discordant and fabric parallel quartz veining (0.61 g/t Au; KR-GS_26-117) was collected approximately 150 m south of RC hole KR26-036 (26 m @ 0.59 g/t Au from 1-27 m depth, please refer to the Company's news release dated July 15, 2026). The sample is positioned 50 m north of an historic RC hole that returned 12 m at 0.3 g/t Au (including 6 m at 0.5 g/t Au; 1998 KRP-0701) within a similar stratigraphic and alteration package as observed in 2026 Rotation 2 drilling. This extends the current southern strike length of AE by 250 m, remaining open along strike.
The geophysical magnetic high associated with Target AE extends >350 m to the north and along strike of KR26-043 (35 m @ 0.57 g/t from 16 to 51 m depth;please refer to the Company's press release dated July 15, 2026). Additionally, a 2004 VTEM airborne electromatic survey contains an untested 'medium priority conductive anomaly' within BIF2, along strike with the magnetic feature. The combination of recent drill results along a 260 m strike length, anomalous gold-in-bedrock samples and historic drill intercepts to the south and the geophysical indicators to the north generates an interpreted strike extent of 1000 m for Target AE (Figure 2). In addition, bedrock sampling has identified a new gold-in-bedrock zone (one surface grab sample of seven samples collected returned a high value of 6.7 g/t Au, previously announced), with a current mapped strike extent of 200 m, situated 15-20 m in the HW and parallel to the main AE target. Additional anomalous gold-in-bedrock samples were collected approximately 200 m to the south and along the interpreted strike of the new zone parallel to AE, which has not been drill tested. Sampling on the southwest portion of Target AE returned gold-in-bedrock results of up to 0.68 g/t Au and warrant follow-up (Figure 2).
Figure 2: Kraaipan Gold Project – Location of Q2 2026 surface rock samples at Target AE with earlier 2026 and 2025 surface rock samples, 2026 RC drilling highlights and historical results. All values in g/t Au unless otherwise stated.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3881/311002_ea44040554751ae4_004full.jpg
Target AN
A total of 22 surface samples were collected approximately 3 km to the north of Target AE. The area of interest lies on the western limb of a regional D3 fold along an interpreted NNW trending contact between BIF and a mafic assemblage. A sample of altered BIF returned 1.67 g/t Au and is located 500 m to the north and along strike of a 2025 surface sample that returned a value of 1.33 g/t Au (Figure 3). The 500 m zone of interest has not been drill-tested.
Figure 3: Kraaipan Gold Project – Location of Q2 2026 surface rock samples (white) at Target AN with 2025 surface rock samples (green). All values in g/t Au unless otherwise stated.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3881/311002_ea44040554751ae4_007full.jpg
Target AF
A total of 22 samples were collected along 500 m of strike length, including exposed altered BIF and quartz veining at Grid 1, 3, 4 and into the HW of the Target AF. Samples of mineralised BIF at Grid 1 returned values of up to 2.54 g/t Au, samples from Grid 3 returned values of up to 7.77 g/t Au from quartz veins with relict sulphides along vein selvages. At Grid 4 a sample of intensely quartz veined and altered BIF returned a high result of 27.8 g/t Au. The high gold values are consistent with previous surface samples and shallow RC intersections (i.e. Grid 1 KR26-021 3 m @7.21 g/t Au from 16 to 19 m depth, please refer to the Company's press release dated July 15, 2026 (Figure 4).
Target AQ - New Target
Located approximately 300 m to the north and east of Target AF on the western edge of a BIF horizon. Two bedrock samples (KR-GS_26-052/53) of BIF crosscut by NW-SE trending quartz veins with relict sulphide pits along vein selvages returned gold-in-bedrock values of 0.454 and 0.461 g/t Au respectively. Target AQ represents a new gold-in-bedrock trend that could represent a sub-parallel or offset trend to Target AF. This area has not yet been drilled (Figure 4).
Figure 4: Kraaipan Gold Project – Location of Q2 2026 surface rock samples at Target AF and AQ with January 2026 surface rock samples. All values in g/t Au unless otherwise stated.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3881/311002_ea44040554751ae4_009full.jpg
Target A
A total of 13 samples were collected in the vicinity of Grid 1 (Figure 5). A 5.81 g/t Au outcrop sample of quartz veining in metasediment is located 70 m to the south of RC hole KR26-005 that returned 7 m at 1.99 g/t Au from 19-26 m depth, indicating surface expressions of mineralization continue to the south of Grid 1 please refer to the Company's press release dated June 8, 2026. A sample of outcropping altered BIF crosscut by a NW trending quartz vein returned 13.5 g/t Au and is located immediately north of KR26-007 which returned an overburden result of 29 g/t Au.
A total of eight samples returned low Au values from the northern end of Target A (Grid 4) and southern portion of Target AP.
Figure 5: Kraaipan Gold Project – Location of Q2 2026 surface rock samples at Target A and AP with select 2025 surface rock samples, and 2025 and 2026 RC drill holes. All values in g/t Au unless otherwise stated.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3881/311002_ea44040554751ae4_011full.jpg
Other Surface Sampling
A total of five samples were collected at Target AJ and seven samples in undefined target areas. These samples returned low values in float and outcrop.
Rotation 3 Regional Reconnaissance RC Drilling
Drilling was completed in two tranches; June 10-19 and July 16-August 3rd and comprised 44 completed vertical RC holes totaling 1639 m in 10 fences across six target areas (Figure 1). Refer to Appendix A for the full list of RC collar data. RC fences were designed to test favourable geology and geophysical signatures and to determine depth of the Kalahari sand cover, with samples collected from the base of Kalahari overburden and bedrock. Depth to bedrock averaged 31 m with a maximum depth of 45 m. Bedrock intersections are comprised of unaltered BIF and variable altered mafic assemblages. KR26-081, on the western end of transect 8a within Target AM, intersected a 32 m of Kalahari cover and a 2 m interval of altered BIF, with evidence of quartz veining, from 32-34 m depth. Results for the BOK and bedrock samples are anticipated in Q3/2026.
Summary
The Company continues to progress the Kraaipan Project with an integrated approach combining interpretation of existing and new high resolution geophysical data, new surface sampling and RC drilling data. This approach supports the thesis that the under explored region has high potential to host a bulk tonnage, low grade BIF-associated gold deposit analogous to the producing Kalgold Mine of Harmony Gold Mining Company Ltd.
Since Q4 2025, three focused shallow RC programs have identified wide intersections of altered, quartz-veined ferruginous chert and BIF at Target A, AE and AF, each of which warrant follow-up drilling. Recent RC drilling at Target AE, along a strike of 260 m, has select intersections of 27 m @ 1.11 g/t Au and 35 m @ 0.57 g/t Au; new sampling data and incorporation of existing geophysical data has extended the interpreted strike length from 260 m to approximately 1000 m and the target remains open along strike and down dip.
Prospecting and sampling continue to expand known target areas and importantly continue to generate new surface targets for additional mapping, sampling and drilling along an approximately 15 km long prospective corridor. Regional RC reconnaissance drilling of geophysical and prospective geology has proven to be an excellent methodology for rapid sampling under Kalahari cover.
Next Steps
Rotation 4 drilling is planned to test and confirm the down dip and strike extension of Target AE, planning for this program is underway.
Surface prospecting and soil sampling will continue across the property. A soil grid is planned for the area south of Target A. Additional prospecting will be conducted south and west of the main Target AE area, Target AN and the north of Target AF.
R3 regional interpretation will be undertaken when full assay results are received for the BOK and bedrock samples.
Core Drilling Plan will build on the results at Target AE and ongoing geological interpretation at Target's AF and A.
About the Kraaipan Gold Project
The Kraaipan Project comprises approximately 724 km² of mineral concessions covering the entire ~60 km northern extension of the Kraaipan Greenstone Belt, a highly prospective Archean greenstone terrain straddling the Botswana-South Africa border. Over 80% of the northern portion of the belt is covered by Kalahari overburden, which have seen limited past exploration. The South African portion of the belt hosts numerous mineral occurrences including Harmony Gold's Kalgold mine, a multi-million-ounce, BIF-hosted gold operation located 40 km to the south that has been in continuous production for over 30 years.
North Arrow can earn up to 80% interest in the Kraaipan Project from Rockman Resources through a First Option to earn 60% by investing US$5 million over three years (US$1 million firm commitment achieved), and a Second Option, at Rockman's election, to earn an additional 20% upon completion of a Preliminary Economic Assessment. North Arrow's partner Rockman Resources - through its operator Mineral Services - leverages over 25 years of operational experience in Botswana, together with proprietary technologies including high-resolution UAV magnetics, a mobile RC drilling platform optimized for Kalahari conditions, and in-house sample preparation.
Sampling, Laboratory Analyses and QA/QC
RC and surface rock samples collected in the field were driven to Mineral Services' facility in Gaborone to be sorted and prioritized for assay. Samples were allocated unique random sample numbers, sealed and shipped to ALS's laboratory in Johannesburg, South Africa using industry-standard chain-of-custody protocols. Following an initial coarse crush (CRU-21), the entire sample is then pulverized (PUL-21) to better than 85% passing a 75-micron screen prior to geochemical analysis. All samples are analyzed for gold by fire assay with an ICP-AES finish, method code Au-ICP22 (50-gram sample). Samples returning gold values over 10 ppm are subjected to ore-grade check assays using fire assay and a gravimetric finish using method code Au-GRA22 (50-gram sample). Samples are also subjected to lithium borate fusion and acid digestion for whole-rock analysis of major and trace elements by ICP-AES (major elements) and ICP-MS (trace elements); method codes ME-ICP06 and ME-MS81, respectively. In addition, a suite of base metals and other trace elements not included in the ME-MS81 method are analysed by ICP-AES on four-acid digestions (method code ME-4ACD81).
QA/QC protocols include ALS laboratory's own internal quality assurance controls as well as Rockman's field controls, including the insertion of duplicates and certified reference materials (CRM), each at a rate of roughly one per 20 samples. QA/QC data are evaluated on receipt for failures, and appropriate action is taken if results for duplicates, CRMs and blanks fall outside allowed tolerances.
About North Arrow Minerals
North Arrow Minerals is a Vancouver-based exploration company focused on evaluating the Kraaipan Gold Project. Management and advisors bring significant global exploration and mining experience. North Arrow's exploration programs are conducted under the direction of Dr. John Armstrong, Ph.D., P.Geo. (NWT/NU), President and Chief Operating Officer of North Arrow and a Qualified Person under National Instrument 43-101 - Standards of Disclosure for Mineral Projects. Dr. Armstrong has reviewed and approves the contents of this press release.
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release contains "forward-looking statements" including but not limited to statements with respect to North Arrow's plans, the estimation of a mineral resource and the success of exploration activities. Forward-looking statements, while based on management's best estimates and assumptions, are subject to risks and uncertainties that may cause actual results to be materially different from those expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not restricted to, the amount of geological data available, the uncertain reliability of drilling results and geophysical and geological data and the interpretation thereof, and the need for adequate financing for future exploration and development efforts. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. The Company assumes no obligation to update forward-looking statements except as required by law.
Footnotes/References
Reunion Mining (Botswana) PTY 1998 Prospecting Licence 56/97. Report for the 2nd Quarter, Third Year 1 September 1998 - 30 November 1998Laconia Resources Ltd. ASX Press Release 25/07/2017. Kraaipan Exploration Update
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/311002
Source: North Arrow Minerals Inc.
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Amazon (AMZN -0.57%) is again ramping up its artificial intelligence (AI) spending. The tech giant told investors that it now expects to spend $220 billion in 2026 -- $20 billion more than its prior capex plan -- with higher memory costs cited as a reason for the increase.
That news came as part of an earnings report that saw Amazon break out of a sluggish trance. It's now up by more than 10% year to date and is outperforming the S&P 500, but will that spike last? Here's how this $220 billion capital expenditure commitment affects shareholders.
Image source: Getty Images.
Higher costs are translating into additional sales growth Higher capex can cut into a company's profit margins, but that isn't the case if revenue growth outpaces capex growth. That has been the case for Amazon. In the second quarter, it delivered 20% year-over-year revenue growth, a result driven in large part by Amazon Web Services (AWS) hitting its highest growth rate in more than four years.
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Its cloud platform has seen meaningful revenue growth acceleration as AI demand heats up. While investors certainly wish Amazon didn't have to deal with rising memory chip costs, its expenditures are yielding tangible returns.
CEO Andy Jassy also touted how its AI and chips businesses have both exceeded $25 billion annual revenue run rates. Even with rising costs, operating income came to $27.5 billion in Q2, a 43.2% year-over-year increase. AWS did most of the lifting -- its operating income surged from $10.2 billion in the prior-year period to $16.6 billion.
These numbers should continue to climb as Amazon expands its cloud capacity. If necessary, Amazon can also pass some of its costs onto customers. Furthermore, customers may have to upgrade their plans as their AI needs evolve.
High capital expenditures increase the barriers to entry for competitors Although $220 billion is a lot of money to spend, it also highlights how difficult it is to compete with Amazon and its nearest peers. More than 60% of the cloud computing market is controlled by Amazon, Microsoft (MSFT +0.43%), and Alphabet (GOOG +1.05%) (GOOGL +1.22%).
Those three hyperscalers' cloud platforms are heavily competing with each other. Other companies are also vying for market share, but they are mostly competing for scraps. Oracle (ORCL +3.10%) is in fourth place with a 4% market share, making it less than one-third the size of Google Cloud.
Amazon still has a comfortable lead over Microsoft and Google in the cloud industry. This type of insulation explains why AWS' revenue and operating income have been surging amid the AI build-out. Only a small number of companies can fulfill enterprise demand, and AWS has emerged as the most reliable option.
Higher capex will reconfirm AWS' leading position and widen the gap between competitors, essentially creating a triopoly between Amazon, Microsoft, and Google. That setup will give all three companies more pricing power as they continue to invest in cloud capacity.
Marc Guberti has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet, Amazon, Microsoft, and Oracle. The Motley Fool has a disclosure policy.
Allstate Corp ve 2. čtvrtletí snížila svůj podíl v Targetu o 32,1 % a prodala 15 229 akcií. Po prodeji držela 32 219 akcií v hodnotě 4,208 milionu USD.
Allstate Corp reduced its position in Target Corporation (NYSE:TGT – Free Report) by 32.1% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 32,219 shares of the retailer’s stock after selling 15,229 shares during the period. Allstate Corp’s holdings in Target were worth $4,208,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the business. E Fund Management Co. Ltd. raised its stake in Target by 4.1% during the second quarter. E Fund Management Co. Ltd. now owns 1,747 shares of the retailer’s stock worth $228,000 after purchasing an additional 68 shares during the period. Wynn Capital LLC grew its stake in shares of Target by 0.9% during the 2nd quarter. Wynn Capital LLC now owns 8,455 shares of the retailer’s stock valued at $1,104,000 after buying an additional 79 shares during the period. Whipplewood Advisors LLC grew its stake in shares of Target by 16.0% during the 1st quarter. Whipplewood Advisors LLC now owns 580 shares of the retailer’s stock valued at $70,000 after buying an additional 80 shares during the period. Prosperity Consulting Group LLC increased its holdings in shares of Target by 3.4% during the 1st quarter. Prosperity Consulting Group LLC now owns 2,474 shares of the retailer’s stock worth $300,000 after buying an additional 81 shares during the last quarter. Finally, Versant Capital Management Inc increased its holdings in shares of Target by 3.4% during the 2nd quarter. Versant Capital Management Inc now owns 2,478 shares of the retailer’s stock worth $324,000 after buying an additional 82 shares during the last quarter. 79.73% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets In other Target news, insider Cara A. Sylvester sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $125.89, for a total transaction of $1,258,900.00. Following the sale, the insider owned 45,930 shares in the company, valued at $5,782,127.70. This represents a 17.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.13% of the stock is currently owned by corporate insiders.
Target Stock Down 0.1% Shares of NYSE TGT opened at $165.35 on Monday. Target Corporation has a 12-month low of $83.44 and a 12-month high of $165.48. The company has a market cap of $75.10 billion, a P/E ratio of 17.17, a P/E/G ratio of 3.34 and a beta of 0.96. The company has a current ratio of 0.99, a quick ratio of 0.36 and a debt-to-equity ratio of 0.80. The stock has a fifty day moving average price of $140.82 and a 200 day moving average price of $128.14. Target (NYSE:TGT – Get Free Report) last issued its quarterly earnings results on Wednesday, August 19th. The retailer reported $4.11 EPS for the quarter, beating analysts’ consensus estimates of $2.35 by $1.76. Target had a return on equity of 23.23% and a net margin of 4.08%.The firm had revenue of $26.54 billion during the quarter, compared to the consensus estimate of $26.13 billion. During the same quarter in the prior year, the business posted $2.05 earnings per share. Target’s revenue for the quarter was up 5.3% on a year-over-year basis. Target has set its FY 2026 guidance at 9.900-10.900 EPS. Research analysts anticipate that Target Corporation will post 8.84 EPS for the current fiscal year.
Target Increases Dividend The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Wednesday, August 12th will be issued a $1.16 dividend. This is an increase from Target’s previous quarterly dividend of $1.14. This represents a $4.64 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Wednesday, August 12th. Target’s dividend payout ratio is presently 48.18%.
Wall Street Analysts Forecast Growth A number of research analysts recently weighed in on the company. JPMorgan Chase & Co. lifted their target price on Target from $129.00 to $157.00 and gave the company a “neutral” rating in a report on Friday, August 7th. Wells Fargo & Company upped their price target on Target from $165.00 to $185.00 and gave the stock an “overweight” rating in a research note on Thursday. Roth Capital restated a “neutral” rating and issued a $142.00 price objective on shares of Target in a report on Thursday. Truist Financial raised their price objective on Target from $147.00 to $167.00 and gave the stock a “hold” rating in a report on Thursday. Finally, Argus set a $150.00 price objective on Target in a research note on Friday, May 22nd. Eleven research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $159.52.
Read Our Latest Analysis on Target
More Target News Here are the key news stories impacting Target this week:
Positive Sentiment: Improved outlook: Target raised its fiscal 2026 earnings guidance to $9.90–$10.90 per share, citing stronger sales, digital growth, category performance and momentum that may extend beyond tariff-related benefits. Target Raises View as Growth Momentum Extends Beyond Tariff Tailwinds Positive Sentiment: Strong quarterly performance: Target reported $4.11 in quarterly EPS versus the $2.35 consensus estimate, while revenue of $26.54 billion exceeded expectations and increased 5.3% year over year. Traffic rose 3.6%, supported by merchandising improvements and better execution. Target Q2 Earnings Call Highlights Higher Sales Outlook and Traffic Positive Sentiment: Analyst support: RBC raised its price target to $178 and maintained an outperform rating. Other analysts also lifted targets following the earnings report, reinforcing the bullish reaction. Target Stock Climbs After Analysts Boost Price Targets Neutral Sentiment: Citigroup and TD Cowen raised their price targets but retained neutral/hold ratings, suggesting the stock’s valuation may already reflect much of the improved outlook. Negative Sentiment: A $994 million tariff refund significantly boosted second-quarter profitability, raising questions about how sustainable the earnings jump will be. Elevated valuation and execution risks could limit additional upside. Target Raises 2026 Guidance as Tariff Refunds Boost Q2 Profitability Negative Sentiment: Zacks Research downgraded Target from “strong buy” to “hold,” providing a counterweight to the broader analyst optimism. Target Profile (Free Report)
Target Corporation (NYSE: TGT) is a U.S.-based general merchandise retailer headquartered in Minneapolis, Minnesota. The company operates a network of full-line and small-format stores across the United States alongside a national e-commerce platform and mobile app. Target’s retail assortment spans apparel, home goods, electronics, groceries and household essentials, plus beauty, baby and pet categories. The firm complements national brands with a portfolio of owned and exclusive labels and partnerships that help differentiate its merchandise assortment.
Target traces its roots to the Dayton Company, founded by George Dayton in 1902; the Target discount chain was launched in 1962 and the parent company later adopted the Target Corporation name.
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Target zvýšil výhled zisku na akcii pro fiskální rok 2026 na 9,90–10,90 USD po silném čtvrtletí. Tržby dosáhly 26,54 miliardy USD a meziročně vzrostly o 5,3 %.
Emerald Investment Advisers LLC boosted its holdings in Target Corporation (NYSE:TGT – Free Report) by 97.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,867 shares of the retailer’s stock after buying an additional 8,315 shares during the period. Emerald Investment Advisers LLC’s holdings in Target were worth $2,203,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Target by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 58,212,397 shares of the retailer’s stock worth $5,690,262,000 after acquiring an additional 286,499 shares during the period. BlackRock Inc. bought a new stake in shares of Target during the 2nd quarter valued at $5,054,604,000. State Street Corp lifted its stake in shares of Target by 0.3% in the 4th quarter. State Street Corp now owns 37,772,533 shares of the retailer’s stock valued at $3,692,265,000 after purchasing an additional 124,468 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Target by 3.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 17,065,926 shares of the retailer’s stock valued at $1,668,194,000 after purchasing an additional 561,898 shares during the period. Finally, Bank of New York Mellon Corp bought a new position in shares of Target in the 2nd quarter worth $831,466,000. 79.73% of the stock is currently owned by institutional investors and hedge funds.
Target Trading Up 4.5% Shares of NYSE TGT opened at $165.35 on Friday. Target Corporation has a twelve month low of $83.44 and a twelve month high of $165.48. The stock has a market cap of $75.10 billion, a price-to-earnings ratio of 17.17, a P/E/G ratio of 2.43 and a beta of 0.97. The company has a quick ratio of 0.30, a current ratio of 0.99 and a debt-to-equity ratio of 0.80. The company’s fifty day moving average is $140.82 and its 200-day moving average is $128.01.
Target (NYSE:TGT – Get Free Report) last released its quarterly earnings data on Wednesday, August 19th. The retailer reported $4.11 EPS for the quarter, beating analysts’ consensus estimates of $2.35 by $1.76. The business had revenue of $26.54 billion during the quarter, compared to analysts’ expectations of $26.13 billion. Target had a net margin of 4.08% and a return on equity of 23.23%. The firm’s quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.05 EPS. Target has set its FY 2026 guidance at 9.900-10.900 EPS. Equities research analysts predict that Target Corporation will post 8.84 EPS for the current year. Target Increases Dividend The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 12th will be paid a $1.16 dividend. The ex-dividend date of this dividend is Wednesday, August 12th. This is a positive change from Target’s previous quarterly dividend of $1.14. This represents a $4.64 dividend on an annualized basis and a yield of 2.8%. Target’s payout ratio is presently 48.18%.
Key Target News Here are the key news stories impacting Target this week:
Positive Sentiment: Improved outlook: Target raised its fiscal 2026 earnings guidance to $9.90–$10.90 per share, citing stronger sales, digital growth, category performance and momentum that may extend beyond tariff-related benefits. Target Raises View as Growth Momentum Extends Beyond Tariff Tailwinds Positive Sentiment: Strong quarterly performance: Target reported $4.11 in quarterly EPS versus the $2.35 consensus estimate, while revenue of $26.54 billion exceeded expectations and increased 5.3% year over year. Traffic rose 3.6%, supported by merchandising improvements and better execution. Target Q2 Earnings Call Highlights Higher Sales Outlook and Traffic Positive Sentiment: Analyst support: RBC raised its price target to $178 and maintained an outperform rating. Other analysts also lifted targets following the earnings report, reinforcing the bullish reaction. Target Stock Climbs After Analysts Boost Price Targets Neutral Sentiment: Citigroup and TD Cowen raised their price targets but retained neutral/hold ratings, suggesting the stock’s valuation may already reflect much of the improved outlook. Negative Sentiment: A $994 million tariff refund significantly boosted second-quarter profitability, raising questions about how sustainable the earnings jump will be. Elevated valuation and execution risks could limit additional upside. Target Raises 2026 Guidance as Tariff Refunds Boost Q2 Profitability Negative Sentiment: Zacks Research downgraded Target from “strong buy” to “hold,” providing a counterweight to the broader analyst optimism. Insider Activity In other Target news, insider Cara A. Sylvester sold 10,000 shares of the stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $125.89, for a total value of $1,258,900.00. Following the completion of the sale, the insider directly owned 45,930 shares in the company, valued at $5,782,127.70. This represents a 17.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.13% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades A number of equities research analysts recently commented on the company. BMO Capital Markets lifted their price objective on Target from $150.00 to $160.00 and gave the stock a “market perform” rating in a research note on Thursday. Evercore set a $170.00 target price on Target in a research note on Thursday. Argus set a $150.00 target price on Target in a report on Friday, May 22nd. Guggenheim raised their target price on Target from $150.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Morgan Stanley restated an “overweight” rating on shares of Target in a research report on Thursday. Eleven analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $159.52.
Check Out Our Latest Research Report on TGT
Target Company Profile (Free Report)
Target Corporation (NYSE: TGT) is a U.S.-based general merchandise retailer headquartered in Minneapolis, Minnesota. The company operates a network of full-line and small-format stores across the United States alongside a national e-commerce platform and mobile app. Target’s retail assortment spans apparel, home goods, electronics, groceries and household essentials, plus beauty, baby and pet categories. The firm complements national brands with a portfolio of owned and exclusive labels and partnerships that help differentiate its merchandise assortment.
Target traces its roots to the Dayton Company, founded by George Dayton in 1902; the Target discount chain was launched in 1962 and the parent company later adopted the Target Corporation name.
Further Reading Five stocks we like better than Target 2 Biotech Stocks Shaping Up for Major Breakouts 3 Stocks Came Roaring Back—Now They’re Flashing Warning Signs 3 Beaten-Down Stocks That Haven’t Gotten the Message About the S&P 500’s Record Run Darden Restaurants Just Hit a 52-Week High–Is the Olive Garden Comeback Story Legit? Want to see what other hedge funds are holding TGT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Target Corporation (NYSE:TGT – Free Report).
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Target je letos výše o 63 % a ve 2. čtvrtletí zvýšil srovnatelné tržby o 3,8 % a celkové tržby o 5,3 %.
Management zároveň zvedl celoroční růst tržeb na zhruba 5 % a EPS na 10,40 USD.
Investors who left Target (TGT +4.54%) stock for dead have missed out on what's becoming one of 2026's best turnaround stories.
The essentials retailer has dealt with a host of challenges, from inflation putting pressure on its non-essential categories to political public relations messes to increased tariffs. Target stock deflated over the past few years, but its gaining market confidence again, and it's up 63% year to date.
The market is often wary about recovery stories, since they're rare. But Target's is happening.
Image source: Target.
Things are finally starting to go right The market was not enthused about the appointment of Michael Fiddelke to the CEO role last year. He's a company insider, and the market was looking for a fresh perspective on the company and its troubles. His recovery plan wasn't especially confidence-boosting either, since it had a whiff of an unoriginal playbook. However, much of the strategy relies on getting the execution right, and management appears to be pulling it off.
There was sustained momentum in the fiscal 2026 second quarter (ended Aug. 1). Comparable sales were up 3.8% year over year, and traffic was up 3.6%. That means more people are coming back to its stores. Much of the growth is coming from digital channels, which had an 8.7% increase in comps versus 2.7% for stores. Same-day options have been a standout for Target throughout its recent problems, and sales increased 25% year over year in the quarter.
There was growth across all six of its categories, with double-digit growth in Fun101 and high single-digit growth in food and beverage and beauty.
One major growth area was store transformation. Target overhauled more stores in this quarter than any other in the past decade, replacing and revamping many areas, including center store grocery assortment. It added extra space for fresh, snacks, bakery, and emerging categories, and snack sales increased 15% after the transition. It also transformed its toy areas, and Fun101, Lego, plush, and Heyday electronics all delivered double-digit comps growth.
It only works, though, if it continues. Chief merchandising officer Cara Sylvetor noted, "These are the kinds of choices we need to make more consistently, staying close to the guest, moving at the speed of culture, and being disciplined about where we invest our space."
The company is also enjoying strength in non-merchandise sales, which grew 20% over last year. These include revenue sources like advertising and its membership program. And it's not just comparable sales. Target opened 17 new stores in the second quarter, and total revenue increased 5.3% over last year.
The future looks even better Fiddelke noted that there's a ways to go to get back to stability, and there are many signs that it will happen. One encouraging update is how the company is leveraging artificial intelligence to drive sales. It had 3.5 times more direct traffic from external sources like ChatGPT than the year-ago period, and teacher and college wish-list recommendations led to strong digital conversions.
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The store renovations demonstrate that it's on the right track, and it's investing in newness, trends, and key collaborations to keep up the momentum. It's launching Target Beauty Studio in 600 stores, and it's redoing other spaces like kids' home and bedding.
Management raised full-year sales growth to about 5%, a full percentage point higher, and earnings per share from a midpoint of $8 to a midpoint of $10.40.
The price is right, too Target's P/E ratio went as low as 10 recently, and as the stock climbs, it's reached 16.5 at the current price. That still looks like a bargain, especially when compared with competitors Costco Wholesale and Walmart.
TGT PE Ratio data by YCharts
As Target's recovery takes shape, you can still buy it it a bargain price. The company is also a Dividend King, and it's raised its dividend annually for the past 55 years. At the current price, the dividend yields 2.9%, and investors can enjoy dividend and stock growth as Target stock makes its way back up.
Target ve 2. čtvrtletí zvýšil tržby o 5,27 % na 26,54 miliardy USD a upravený EPS vyskočil na 4,11 USD, výrazně nad odhady. Firma zároveň zvedla upravený výhled na EPS pro FY2026 na 9,90 až 10,90 USD.
Few large-cap consumer stocks have swung as violently as Target (NYSE:TGT | TGT Price Prediction) over the past year. Shares bottomed near $81.20 in late 2025, but a turnaround under CEO Michael Fiddelke, a blowout Q2, and a fresh tariff-refund tailwind have driven the stock up 66.28% year to date. Even after that rally, I still see room to run.
Our 24/7 Wall St. price target for Target is $183.19, implying 12.2% upside over the next 12 months, with a buy rating and high confidence.
24/7 Wall St. Price Target Summary Metric Value Current Price $163.34 24/7 Wall St. Price Target $183.19 Upside 12.2% Recommendation BUY Confidence Level 90% Target is finally producing the traffic, comp, and margin recovery investors have waited three years for. The multiple still prices in a broken story despite the operational turnaround. Our 24/7 Wall St. price target captures that valuation gap.
A Beaten-Down Retailer Snaps Back Target has staged one of the sharpest reversals in retail. Shares are up 15.14% over the past month and 66.74% over the past year, now trading essentially at the 52-week high of $161.98.
Q2 delivered: revenue of $26.54 billion grew 5.27%, comps rose 3.8%, traffic climbed 3.6%, and adjusted EPS of $4.11 blew past the $2.3374 consensus. That includes a $1.65 per share benefit from $994 million in IEEPA tariff refunds, but even excluding refunds, underlying EPS grew about 20% year over year. Management raised FY2026 EPS guidance to $9.90 to $10.90.
Why Bulls See a Breakout to $200+ The bull case rests on durability. Digital comps accelerated to 8.7%, same-day delivery grew more than 25%, and non-merchandise revenue (Roundel ads, Target+ marketplace, Target Circle 360) jumped over 20%, with Roundel billings up nearly 20% and Target Plus GMV up more than 40%.
These high-margin, high-multiple businesses hide inside a discount retailer’s P&E. Layer in $8.3B of remaining buyback authorization, resuming repurchases in the back half, and a raised sales outlook, and the bull path to $204.67 aligns with 32 bullish analyst ratings on file.
What Could Go Wrong The tariff refund flatters the numbers. That $1.65 per share is non-recurring, and management expects only modest additional refunds. Home and apparel remain underperforming, competitive pressure from Walmart and Costco is unrelenting, and capex is up 27% year over year.
Heavy capex funds roughly 130 remodels and 24 new stores this year, investments bulls argue drive the traffic gains now showing in comps. The bear path lands near $150.16, or about 8% downside.
How Target Stacks Up Against Walmart and Costco Walmart (NYSE:WMT) posted 5.9% revenue growth with adjusted EPS of $0.81, but trades at 40x forward earnings, more than double Target’s 19x.
Costco (NASDAQ:COST) posted 9.8% comparable sales in its most recent quarter, but trades at 42x forward earnings. TGT trades at less than half the peer multiple.
Company Forward P/E Latest Revenue Growth Target 19x 5.3% Walmart 40x 5.9% Costco 42x 11.6% Against that field, our price target looks conservative. TGT needs only a modest re-rating as the turnaround extends.
Why the Setup Still Screens Attractive My verdict is a buy at $163.34, with a 24/7 Wall St. price target of $183.19 and 90% confidence. The widening valuation gap versus peers combined with reaccelerating traffic tips the scale.
I’d be a buyer here as long as comparable sales stay positive through the holiday quarter. I’d step aside if Q3 traffic rolls over or home and apparel deteriorate further.
Here is where our model projects Target could trade, assuming the current turnaround holds.
Year 24/7 Wall St. Price Target 2026 $169.90 2027 $190.86 2028 $202.92 2029 $216.43 2030 $233.33 These projections assume Target continues executing on its refreshed strategy. Meaningful deviation could come from tariff policy shifts or a sustained recovery in home and apparel.
Contact [email protected] for any questions or corrections.
Bank of New York Mellon Corp ve 2. čtvrtletí koupila novou pozici v Target za zhruba 831,47 milionu USD. Target zároveň oznámil tržby 26,54 miliardy USD a zvýšil výhled na fiskální rok 2026.
Bank of New York Mellon Corp bought a new position in shares of Target Corporation (NYSE:TGT – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 6,366,019 shares of the retailer’s stock, valued at approximately $831,466,000. Bank of New York Mellon Corp owned approximately 1.40% of Target as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. WFA of San Diego LLC acquired a new stake in Target in the 2nd quarter worth about $25,000. Jessup Wealth Management Inc acquired a new position in shares of Target during the fourth quarter valued at approximately $25,000. Altshuler Shaham Ltd acquired a new position in shares of Target during the fourth quarter valued at approximately $26,000. MidFirst Bank purchased a new position in shares of Target in the fourth quarter valued at approximately $31,000. Finally, Capital Advisors Ltd. LLC lifted its position in shares of Target by 245.6% in the first quarter. Capital Advisors Ltd. LLC now owns 273 shares of the retailer’s stock valued at $33,000 after acquiring an additional 194 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.
Key Target News Here are the key news stories impacting Target this week:
Positive Sentiment: Target reported second-quarter sales of $26.54 billion, up 5.3% year over year and ahead of estimates. Comparable sales rose 3.8%, supported by a 3.6% increase in traffic, while earnings significantly exceeded Wall Street expectations. Target Corporation Reports Second Quarter Earnings Positive Sentiment: Management raised its fiscal 2026 outlook, calling for approximately 5% sales growth and EPS of $9.90 to $10.90. Improving traffic, digital sales, merchandising and execution suggest that Target’s turnaround is gaining traction. Target lifts annual forecasts again Positive Sentiment: Several analysts raised their price targets following the earnings report. RBC increased its target to $178 and maintained an “outperform” rating, implying meaningful upside, while Citigroup and TD Cowen raised targets to $160. Analyst price-target updates Neutral Sentiment: Target’s dividend remains attractive to income investors, with a quarterly payout of $1.16 per share after a recent increase. However, the stock’s roughly 15% one-month rally leaves less room for additional gains if operating momentum slows. Target versus Walmart dividend comparison Negative Sentiment: Second-quarter profitability benefited from an approximately $994 million tariff refund. Investors may therefore view part of the earnings beat and upgraded outlook as nonrecurring, raising concerns about the quality and sustainability of underlying profits. Target raises guidance as tariff refunds boost profitability Negative Sentiment: Valuation and execution risks are limiting enthusiasm. KeyCorp reaffirmed a “sector weight” rating, while Citi and TD Cowen remain effectively neutral or hold-rated, suggesting analysts believe much of the recovery is already reflected in TGT’s share price. Target valuation analysis Target Stock Down 0.6% NYSE TGT opened at $158.04 on Friday. The business’s fifty day simple moving average is $140.21 and its 200-day simple moving average is $127.75. The company has a quick ratio of 0.30, a current ratio of 0.99 and a debt-to-equity ratio of 0.80. The firm has a market cap of $71.78 billion, a PE ratio of 16.41, a P/E/G ratio of 2.09 and a beta of 0.97. Target Corporation has a 52 week low of $83.44 and a 52 week high of $161.98. Target (NYSE:TGT – Get Free Report) last released its quarterly earnings data on Wednesday, August 19th. The retailer reported $4.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.35 by $1.76. Target had a net margin of 4.08% and a return on equity of 23.23%. The firm had revenue of $26.54 billion during the quarter, compared to analysts’ expectations of $26.13 billion. During the same period last year, the business earned $2.05 earnings per share. Target’s revenue was up 5.3% compared to the same quarter last year. Target has set its FY 2026 guidance at 9.900-10.900 EPS. As a group, equities analysts anticipate that Target Corporation will post 10.4 earnings per share for the current year.
Target Increases Dividend The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 12th will be paid a $1.16 dividend. This is a positive change from Target’s previous quarterly dividend of $1.14. The ex-dividend date of this dividend is Wednesday, August 12th. This represents a $4.64 annualized dividend and a dividend yield of 2.9%. Target’s dividend payout ratio is currently 61.29%.
Wall Street Analysts Forecast Growth TGT has been the subject of several recent research reports. Mizuho set a $150.00 price objective on Target in a research note on Thursday. Telsey Advisory Group lifted their target price on shares of Target from $170.00 to $182.00 and gave the stock an “outperform” rating in a research note on Thursday. The Goldman Sachs Group upped their target price on shares of Target from $127.00 to $161.00 and gave the stock a “neutral” rating in a report on Thursday. Evercore set a $170.00 target price on shares of Target in a research report on Thursday. Finally, Argus set a $150.00 price target on shares of Target in a research note on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, seventeen have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $159.52.
Get Our Latest Stock Report on TGT
Insider Activity In other news, insider Cara A. Sylvester sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $125.89, for a total transaction of $1,258,900.00. Following the completion of the sale, the insider owned 45,930 shares in the company, valued at $5,782,127.70. This trade represents a 17.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.13% of the stock is owned by corporate insiders.
Target Profile (Free Report)
Target Corporation (NYSE: TGT) is a U.S.-based general merchandise retailer headquartered in Minneapolis, Minnesota. The company operates a network of full-line and small-format stores across the United States alongside a national e-commerce platform and mobile app. Target’s retail assortment spans apparel, home goods, electronics, groceries and household essentials, plus beauty, baby and pet categories. The firm complements national brands with a portfolio of owned and exclusive labels and partnerships that help differentiate its merchandise assortment.
Target traces its roots to the Dayton Company, founded by George Dayton in 1902; the Target discount chain was launched in 1962 and the parent company later adopted the Target Corporation name.
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Target po překonání odhadů za 2. čtvrtletí zůstává pod drobnohledem: Guggenheim zvýšil cílovou cenu na 175 USD, JPMorgan ji snížil na 157 USD. Akcie jsou letos výše o 58,5 %.
Target Corp (NYSE:TGT) beat analyst estimates in the second quarter and the stock is trading at a multi-year high. However, analysts are questioning whether more gains lie ahead or whether the market has already priced in the rebound.
The Target Analysts Guggenheim analyst John Heinbockel maintained a Buy rating on Target stock and raised the price target from $150 to $175. JPMorgan analyst Christopher Horvers maintained a Neutral rating and lowered the price target from $159 to $157. Guggenheim on Target StockThe doubt of a turnaround is gone, but questions on valuation remain, Heinbockel said in a new investor note.
The early stages of the highly contrarian turnaround story, for which we were there, have now run their course, with valuation more consistent with a secular grower, thereby limiting near-term upside potential, Heinbockel explained.
The analyst highlights that Target stock is up 60% since late 2025, outpacing the S&P 500’s 13% gain over the same period.
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"We remain believers in the uniquely positioned brand."
Heinbockel said there is still some "work in progress," but Target is likely a high-single-digit growth company going forward.
JPMorgan on Target StockAfter proving a turnaround, future growth and "visibility on 2027" becomes a focus for Target stock, Horvers said in a new investor note.
"The evidence of TGT’s merchandising improvements and investments to recapture the customer experience is strong," Horvers said.
The analyst said Target is benefiting from tailwinds and is seeing consumer strength, with general merchandise driving increased traffic to stores.
Horvers is cautious on margins, increased investments, and comparable sales going forward, leading to a Neutral rating.
Price ActionTarget is up 0.2% to $159.35 on Thursday versus a 52-week trading range of $83.44 to $161.98. Share prices also hit new 52-week highs on Wednesday. Target shares are up 58.5% year-to-date in 2026.
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Image by Ken Wolter via Shutterstock
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Walmart oznámil vyšší celoroční výhled a tržby 187,9 mld. USD i upravený EPS ve výši 0,81 USD překonaly odhady, přesto akcie v úvodu obchodování klesly o více než 7 %.
Walmart delivered exactly what the bulls wanted on paper Thursday morning — a double beat and a raised full-year outlook — and shares promptly fell more than 7% in early trading.
Total revenue of $187.9 billion rose 5.9% and topped the Zacks Consensus Estimate of $186.3 billion, while adjusted EPS of $0.81 crushed the $0.73 consensus by nearly 11%. Management then lifted its fiscal 2027 guidance across the board.
Image Source: StockCharts
None of it mattered. The market looked past the quarter and focused on two things: how Walmart earned those numbers, and what it told investors about the next three months.
The Comp Line Decelerated SharplyWalmart U.S. comparable sales rose 2.6% excluding fuel. That is a solid number in absolute terms, but it represents a meaningful slowdown from the 4.6% posted in the year-ago quarter and from the 4.1% Walmart delivered just last quarter. More uncomfortably, it trailed the 3.8% comp Target posted one day earlier.
The composition is where it gets uncomfortable. Transactions grew 1.5%, down from 3.0% in the first quarter — traffic growth effectively halved in a single quarter. Average ticket rose just 1.1%, unchanged sequentially but well below the 3.1% of a year ago. For a retailer whose entire bull case has rested on winning customers rather than raising prices, that transaction deceleration is the number that will draw scrutiny.
In fairness, there is a legitimate explanation for part of it. Management disclosed a 125-basis-point headwind to comp sales from pharmacy deflation tied to the new maximum fair price regulation effective January 1st. Add that back and the underlying comp lands closer to 3.9%, which reframes the quarter considerably. That is a regulatory pricing effect, not a demand problem — and investors who ignore it will misread the business.
The Profit Beat Was Borrowed From the Second HalfHere is the crux of the selloff. Operating income surged 28.8%, or 17.4% on an adjusted constant-currency basis, and the consolidated gross profit rate expanded 96 basis points. Impressive figures — but Walmart itself told you not to take them at face value.
The company stated plainly that the operating income growth “includes the impact of tariff refunds received, partially offset by price investments in the quarter,” and that “setting aside this net impact, underlying operating income growth was at the top end of our guidance.” Top end of guidance is roughly 8%. Reported was more than double that.
CFO John David Rainey was even more direct: “Our operating income outlook reflects the continued prioritization of tariff refunds received in Q2 into customer experience and price investments in the second half. For this reason, I encourage you to consider Q2 and Q3 performance together to assess the underlying growth of the business.”
That is a CFO telling investors, in plain language, that the second quarter was flattered and the third quarter will be depressed — and to average them. Once you internalize it, an 11% EPS beat stops looking like an inflection.
The Third-Quarter Guide Is the Real ProblemManagement guided third-quarter net sales growth of 3.0% to 3.75% in constant currency, operating income growth of just 2.0% to 4.0%, and adjusted EPS of $0.62 to $0.64. That last figure compares to $0.62 in the year-ago quarter — implying flat to roughly 3% growth. The implied revenue guide of about $185.6 billion sits about 1.4% below where the Street was modeling.
Going from 17.4% adjusted operating income growth to a guided 2.0% to 4.0% is a violent deceleration, even with the tariff-refund explanation and a stated 100-basis-point-plus headwind from the timing shift of Flipkart’s Big Billion Days between the third and fourth quarters. For a stock trading at a substantial premium to the market, a quarter of essentially zero earnings growth is not what shareholders were underwriting.
The raise itself also deserves a closer look. Full-year adjusted EPS guidance moved to $2.80–$2.87 from $2.75–$2.85 — a five-cent bump at the midpoint against an eight-cent quarterly beat. Management effectively banked less than it earned. Capital expenditures were simultaneously raised to approximately 4.0% of net sales from 3.5%, which on a $700-billion-plus revenue base is a substantial increase in spending.
Target Just Outgrew WalmartThe comparison that matters most this week is Target, which reported Wednesday morning and delivered numbers that would have been difficult to imagine a year ago. Comparable sales rose 3.8%, well ahead of the 2.4% Street consensus, driven by traffic growth of 3.6%. Net sales climbed 5.3% to $26.5 billion, with digital comps up 8.7% and same-day delivery up more than 25%.
Set the two side by side. Target (TGT - Free Report) grew comps 120 basis points faster than Walmart (WMT - Free Report) and grew traffic more than twice as fast — 3.6% against 1.5%. For the better part of three years, the prevailing story in mass retail has been Walmart steadily taking share from a struggling Target. This quarter, that reversed.
One important caveat cuts in Walmart’s favor. Target’s headline EPS of $4.11 included $1.65 per share from tariff refunds — roughly 40% of reported earnings. Strip that out and Target earned closer to $2.46, with ex-refund full-year guidance of $8.25 to $9.25 sitting far below the $9.90 to $10.90 headline range. Walmart’s tariff benefit ran through operating income but was largely offset by price investments, leaving its adjusted EPS uninflated.
On an underlying basis, then, the gap narrows considerably. Adjusted for pharmacy deflation, Walmart’s roughly 3.9% comp and Target’s 3.8% are essentially level. Even so, Walmart is no longer the unambiguous winner in mass retail it was twelve months ago.
Read-Through for RetailThree conclusions follow for the broader sector. First, the consumer is intact but increasingly value-driven. Ticket growth has stalled almost everywhere. That favors scale grocers and warehouse clubs and continues to pressure mid-tier discretionary retailers with no price advantage.
Second, tariff refunds are distorting reported profitability across retail. Home Depot (HD - Free Report) , Lowe’s (LOW - Free Report) and Walmart have all now cited IEEPA refunds in the same week. Investors should assume any retailer’s second-quarter margin beat contains some portion of this benefit and adjust accordingly.
Third, the bar has been reset. When the sector’s strongest operator beats by 11%, raises guidance, and still falls 7%, it signals that valuations across quality retail have gotten ahead of the earnings trajectory.
Bottom LineWalmart entered this report with a Zacks Rank #3 (Hold) and a positive Earnings ESP of +0.96% — our model called the beat correctly. The harder question is what happens to estimates now.
The full-year raise argues for modest upward revisions. The third-quarter guide argues for downward revisions to near-term numbers. Those largely offset, which likely keeps the rank anchored.
The long-term story remains genuinely strong: accelerating eCommerce, a 38%-growth advertising business, and expanding membership. But the market has finally drawn a line on paying a premium multiple for growth that depends on one-time tariff recoveries and decelerating traffic. Today’s reaction is not a verdict on the franchise — it is a verdict on the price.
Panmure Liberum has maintained its buy recommendation on ZIGUP Zigup PLC (LSE:ZIG), the vehicle rental and fleet management group, with an unchanged target price of 625p.
The broker's research values the London-listed company at a market capitalisation of around £1.1 billion, against a share price of 474p at the close on 17 August.
Panmure Liberum forecasts underlying earnings before interest and tax, excluding vehicle sales, to grow by 15% in the 2027 financial year and 12% in 2028, driven by fleet expansion in the UK and Ireland and in Spain.
The broker said growth capital expenditure is expected to reach between £130 million and £135 million a year, funding additions to both the UK and Spanish rental fleets.
Integrated mobility solutions group, ZIGUP implemented a new operating and reporting structure for its UK&I business in May 2026, separating its activities into the Northgate Mobility and FMG divisions.
The broker forecasts net debt, including leases, to rise from around £999 million to £1.246 billion by April 2029 as the company continues to invest in fleet growth.
Panmure Liberum said the balance sheet remains well within its covenant limits, with the estimated £1,700 million book value of ZIGUP's vehicle assets substantially exceeding net debt.
The shares trade on around eight times Panmure Liberum's forecast 2027 earnings and offer a dividend yield of around 6%, with the broker highlighting strong earnings cover.
Within ZIGUP's FMG division, part of the Repair & Recovery segment, the group secured a new contract with Howden and renewed its relationship with Tesco Insurance, alongside a 10-year extension with National Highways.
ZIGUP also recently announced a strategic collaboration with Microsoft to introduce artificial-intelligence tools across its operations.
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Stakeholder Gold oznámila v prvním vrtu na cíli Loki v Yukonu 6metrovou zónu Cu-Ni-Co od 254 do 260 m se 1 190 ppm Cu, 159 ppm Ni a 123 ppm Co. Zároveň našla samostatnou mineralizaci Pt-Pd ve dvou dalších úsecích: 5 m od 380 do 385 m a 3 m od 323 do 326 m.
Toronto, Ontario--(Newsfile Corp. - August 19, 2026) - Stakeholder Gold Corp. (TSXV: SRC) (OTCQX: SKHRF) (WKN: A2QEP1) ("Stakeholder" or the "Company") is pleased to announce initial diamond drill assay results from hole BA2601, the first hole drilled into the highly prospective Loki Target on its 100%-owned, district-scale Ballarat Gold-Copper Project ("Ballarat") in the dynamic White Gold District of the Yukon Territory (Figure 2).
This news release reports only the portion of hole BA2601 which has been received to date (the 226 to 451 metre interval); assays for the remainder of the 498-metre hole (the 0-226m and 451-498m intervals) are still pending and will be released separately.
Hole BA2601 was collared at the Loki Target and drilled to a total depth of 498 metres (azimuth 230°, dip -45°), successfully testing a mafic-ultramafic (pyroxenite) intrusion interpreted to be the source of the strong copper-nickel soil anomaly at Loki. The hole intersected broad, variably mineralized pyroxenite carrying disseminated, blebby and locally net-textured magmatic sulphides - including pyrrhotite, pentlandite and chalcopyrite - over substantial intervals, together with an impressive net-textured to massive sulphide lens logged at 258.6-261 metres. Grade and interval details are summarized in Table 1 below.
Highlights
Standout first assays from the Loki Target: Initial diamond drill results from hole BA2601 returned a copper-nickel-cobalt sulphide zone of 6 metres from 254 to 260 metres grading 1,190 ppm Cu, 159 ppm Ni and 123 ppm Co (500 ppm Cu cut-off), including 1 metre from 258 to 259 metres of 3,730 ppm Cu (0.37% Cu), 641 ppm Ni and 514 ppm Co at 5.02% sulphur, coincident with a logged net-textured to massive sulphide lens (Figure 2).
Encouraging separate PGE mineralization: Two spatially separate platinum-group-element zones lie away from the copper-nickel-cobalt zone - 5 metres from 380 to 385 metres of approximately 100 ppb Pt+Pd, including 1 metre from 380 to 381 metres of 183 ppb Pt+Pd (118 ppb Pt and 65 ppb Pd), and 3 metres from 323 to 326 metres of 90 ppb Pt+Pd - hosted in weakly sulphidic rock and consistent with a fertile, well-differentiated magmatic system.
Extensive, broadly mineralized pyroxenite: Hole BA2601 intersected variably mineralized pyroxenite carrying pyrrhotite, pentlandite and chalcopyrite throughout much of the hole, including a net-textured to massive sulphide lens at 258.6-261 m, within the 498 m hole.
Positioned at the Heart of a District on the Move
The Ballarat Gold-Copper Project occupies what management believes to be one of the most strategic and progressive land positions in the rapidly advancing White Gold District. The property lies immediately northeast of, and directly adjacent to, Talamore Mining's Coffee Gold Project, which is currently under development as one of Canada's newest gold mines (Figure 1).
Figure 1. Ballarat Project, White Gold District, Yukon Territory, Canada
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3082/310310_3586421d9492eba9_001full.jpg
The Northern Access Route (NAR), now under construction to service the Coffee Gold Project, traverses through the center of the Ballarat property - placing 20 km of new, mine-grade road infrastructure across Stakeholder's ground and dramatically enhancing future access for exploration and development (Figure 2).
Figure 2. Loki Critical Mineral Zone and Gold Targets within Ballarat Project
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3082/310310_3586421d9492eba9_002full.jpg
Drill Results - Hole BA2601 (Loki Target)
Hole BA2601 successfully tested the Loki Target, where copper-nickel-cobalt soil geochemistry, favourable mafic-ultramafic host rocks and geophysical response combine to define a high-priority target for magmatic nickel-copper-cobalt-PGE sulphide mineralization. Logging of the core identified a thick, variably mineralized pyroxenite intrusion hosting disseminated to interstitial pyrrhotite, pentlandite and chalcopyrite, with sulphide abundance increasing locally to net-textured and massive styles - most notably the sulphide lens logged at 258.6-261 metres. The strongest base-metal response coincides with this lens: the 258 to 259 metre sample returned 3,730 ppm Cu, 641 ppm Ni and 514 ppm Co at 5.02% sulphur, within a 6-metre copper zone from 254 to 260 metres averaging 1,190 ppm Cu, 159 ppm Ni and 123 ppm Co (500 ppm Cu cut-off).
Platinum-group elements are concentrated in two spatially separate, sulphide-poor zones - 5 metres at 380 to 385 metres grading approximately 100 ppb Pt+Pd (including 183 ppb Pt+Pd, with 118 ppb Pt and 65 ppb Pd, over the 380 to 381 metre sample) and 3 metres at 323 to 326 metres grading 90 ppb Pt+Pd - indicating platinum-group mineralization decoupled from the base-metal sulphides. Selected intervals are summarized in Table 1. Only the current portion of hole BA2601 is being released at this time; assays for the 0-226m and 451-498m intervals are still pending.
ZoneFrom
(m)To
(m)Length
(m)Cu
(ppm)Ni
(ppm)Co
(ppm)Pt
(ppb)Pd
(ppb)Pt+Pd
(ppb)Cu-Ni-Co sulphide zone25426061,190159123161834including25825913,7306415144456100Separate PGE zone32332631949426474390including324325122988236258120Separate PGE zone38038554633115842100including3803811100182011865183Table 1: Copper and platinum-group-element intervals in hole BA2601, reported at cut-offs of 500 ppm Cu for the copper zone and 50 ppb Pt+Pd for the PGE zones. Grades are length-weighted averages; copper, nickel and cobalt in parts per million (ppm) and platinum and palladium in parts per billion (ppb). Reported intervals are drill-core lengths; true widths are not yet determined. Only the portion of hole BA2601 which has been received to date (section from 226 to 451 metres) is reported herein.
"We see a suite of critical minerals including copper with nickel and cobalt association and separately platinum and palladium mineralization within the Loki ultra mafic intrusive structure. The structure itself is extensive from west to east across more than 30 km through the southern section of the Ballarat project area," stated Christopher Berlet, CEO and Director of Stakeholder Gold Corp.
"We have successfully defined a high-priority critical mineral exploration target with the first hole at Loki and are now waiting for assays for the remainder of this hole and for the nine further drill holes which targeted four prospective gold zones across the northern section of Ballarat."
Sampling and Quality Assurance / Quality Control
Drill core from hole BA2601 was logged, photographed and sampled at the core facility in Dawson, Yukon, where the core was sawn in half and one half was submitted for analysis at one-metre sample intervals. Samples were sent to the Bureau Veritas (BV) preparation laboratory in Whitehorse, Yukon, where they were crushed, and a split was pulverized to 85% passing 200 mesh.
At the BV laboratory in Vancouver, British Columbia, platinum, palladium and gold were determined by 30-gram fire assay with an ICP-ES finish (BV method FA350), and copper, nickel, cobalt and additional elements by 1:1:1 aqua-regia digestion with an ICP-ES/MS finish (BV method AQ201). Bureau Veritas Commodities Canada Ltd. is an ISO/IEC 17025-accredited laboratory that is independent of the Company. As part of its quality-assurance / quality-control program, the Company inserts certified reference materials (standards), blanks and duplicate samples into the sample stream and reviews all quality-control results upon receipt of assays.
Adam Fage, M.Sc., P.Geo. states:
"Assays from BA2601 confirm a fertile magmatic sulphide system: the intrusion has concentrated copper, nickel and cobalt into discrete sulphide zones while segregating platinum and palladium into separate, sulphide-poor horizons. This clear decoupling of base metals from platinum-group elements is the hallmark of a well-differentiated intrusion, and it gives us defined geochemical vectors to follow toward higher-tenor mineralization."
Adam Fage MSc., P.Geo is an independent geological consultant and the Qualified Person for the Company, as defined by NI 43-101, and has reviewed and approved the contents of this press release.
About Stakeholder Gold Corporation
Stakeholder holds 100% ownership of a substantial 1,140-claim, 22,700-hectare land package spanning 20 km of the Coffee Mine Project's "Northern Access Route (NAR)", which is being developed through the geographical center of the dynamic White Gold District of the Yukon Territory, Canada. Stakeholder also maintains in good standing 10 claims located inside the adjacent Coffee Mine Project, which is being developed by Talamore Mining Corp. These combined claim holdings are referred to collectively as the Ballarat Gold-Copper Project ("Ballarat").
Within its extensive contiguous claim holdings, Stakeholder is advancing exploration on the Skye Gold Zone and the Loki Copper Zone - two highly compelling exploration targets separated by some 8 km, each prospective for new gold and critical mineral discoveries respectively, on either side of the Northern Access Route (NAR), in the heart of the White Gold District.
Stakeholder also generates recurring cash flow from the production and sale of exotic stones through its 100%-owned Brazilian subsidiary Mineração VMC Ltda. ("VMC"). VMC is currently producing from 4 independent stone quarries and is actively pursuing opportunities to expand the sale and export of exotic stone building materials from Brazil.
https://victoriaminingcorp.ca
Christopher J. Berlet B.A.Sc.(Mining), CFA, CEO & Director of Stakeholder is responsible for the content of this press release.
Forward-Looking Information
This news release contains forward-looking information. All information, other than information of historical fact, constitute "forward-looking statements" and includes any information that addresses activities, events or developments that the Corporation believes, expects or anticipates will or may occur in the future including the Corporation's strategy, plans or future financial or operating performance.
When used in this news release, the words "estimate", "project", "anticipate", "expect", "intend", "believe", "hope", "may" and similar expressions, as well as "will", "shall" and other indications of future tense, are intended to identify forward-looking information. The forward-looking information is based on current expectations and applies only as of the date on which they were made. The factors that could cause actual results to differ materially from those indicated in such forward-looking information include, but are not limited to, the ability of the Corporation to fund the exploration expenditures required under the Agreement. Other factors such as uncertainties regarding government regulations could also affect the results. Other risks may be set out in the Corporation's annual financial statements, MD&A and other publicly filed documents.
The Corporation cautions that there can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, investors should not place undue reliance on forward-looking information. Except as required by law, the Corporation does not assume any obligation to release publicly any revisions to forward-looking information contained in this press release to reflect events or circumstances after the date hereof.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/310310
Source: Stakeholder Gold Corp.
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Angkor Resources dokončila prvních 1 099 metrů z plánovaného 2 800metrového průzkumného diamantového vrtání na cíli Andong Bor v Kambodži. Dvě ze tří děr zasáhly silnou porfyrovou a skarnovou mineralizaci.
GRANDE PRAIRIE, ALBERTA – TheNewswire - August 19, 2026 - ANGKOR RESOURCES CORP. (TSXV: ANK OTCQB: ANKOF) (“ANGKOR” OR “THE COMPANY”) announces that a total of 2,800 meters of diamond drilling was planned for the Andong Bor copper-gold target in Cambodia and the first 1099 meters was completed in mid July on the Thmei North (“TN”) target, a one-square-kilometer copper anomaly.
The program was staged around the Cambodian seasons: an initial portion in three holes and the balance of the program to follow in early 2027 once the fields are dry and the crops have been harvested.
Dennis Ouellette, VP Exploration, comments: “Two of the three holes drilled this year encountered good porphyry and skarn mineralization over the 400 meters each was drilled. Portions of skarn were especially well mineralized. The third hole contained a run of over 200 meters with continuous pyrite mineralization up to 20%.”
DRILL PROGRAM AT A GLANCE
Total program: 2,800 meters of diamond drilling planned with phase one just completed before heaviest rains and a further minimum of 1700 meters at the TN copper-gold target over the coming next 8 months.
Second phase: the remaining 1,700 meters to be drilled in early 2027, once the fields are dry and the crops have been harvested to minimize crop damage and ease access to targets.
Hole orientation: the three initial holes were drilled to the east to better intersect the mineralized beds and the subsequent holes of phase two will follow the same pattern.
Core will be logged, photographed, and sampled, with selected intervals dispatched for assay as the program progresses.
NEXT STEPS
The core from the 1,099 meters already drilled is being logged over the next few weeks and then it will be cut, sampled, and sent for assays. The second phase of the Thmei North drill program and activity on Thmei South will continue in 2027.
Click Image To View Full Size
Figure 1: Angkor technicians log the core from Andong Bor at the Banlung office.
THMEI NORTH — DRILLING TO THE EAST
The Andong Bor license is 100.28 square kilometers and straddles Oddar Meanchey and Banteay Meanchey provinces. Drilling completed in 2025 showed that the main structures controlling mineralization are north-northwest (NNW) striking and steeply west dipping. Thus the holes of Thmei North are being drilled to the east in order to better intersect the mineralized beds.
Click Image To View Full Size
Figure 2 Drilling at Andong Bor
In this modified copper porphyry model, the best mineralization is found within potassic-altered sediments adjacent to feldspar porphyry diorite dikes of varying widths. The intrusive dikes vary in width from a few meters to tens of meters. By drilling to the east, the Company will maximize mineralized sedimentary rock interceptions as it drills through alternating lithologies of intrusive and sedimentary rocks.
QUALIFIED PERSON:
Dennis Ouellette, B.Sc., P.Geo., is a member of The Association of Professional Engineers and Geoscientists of Alberta (APEGA #104257) and a Qualified Person as defined by National Instrument 43-101 (“NI 43-101”). He is the Company’s VP Exploration on site and has reviewed and approved the technical disclosure in this document.
ABOUT ANGKOR RESOURCES CORP.
ANGKOR Resources Corp. is a public company, listed on the TSX-Venture Exchange, and is a leading resource explorer and developer in Cambodia working towards mineral and energy solutions across the country. The Company's mineral subsidiary, Angkor Gold Corp. Co., Ltd., currently holds two mineral exploration licenses in Cambodia with multiple prospects in copper and gold. Both licenses are in their first two-year renewal term.
Angkor’s Cambodian energy subsidiary, EnerCam Resources Co., Ltd., was granted an onshore oil and gas license in the southwest quadrant of Cambodia called Block VIII. The license covers an area of approximately 4095 square kilometers. EnerCam is actively advancing oil and gas exploration activities onshore to meet its mission to prove Cambodia as a nation with its own oil and gas resources. The Company completed 2D-seismic in 2025 and has identified multiple drill targets with multiple target zones. The Company plans to follow with drilling Cambodia’s first privately financed onshore exploratory oil and gas wells under a Production Sharing Contract.
Please follow @AngkorResources on LinkedIn, Facebook, Twitter, Instagram and YouTube.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
_____________________________________
Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company, including, but not limited to oil and gas risks of the seismic interpretation uncertainty and the preliminary nature of structural closure estimates; drilling risk and the absence of a drilled well on the Concession; reservoir and fluid uncertainty; PSC compliance obligations and the risk of relinquishment for non-performance; oil price exposure; and Cambodia-specific sovereign and regulatory risk.
As well, additional uncertainties on the mineral projects exist regarding the potential for gold and/or other minerals at any of the Company’s properties, the prospective nature of any claims comprising the Company’s property interests, the impact of general economic conditions, industry conditions, dependence upon regulatory approvals, uncertainty of sample results, timing and results of future exploration, and the availability of financing.
Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.
Target ve 2. čtvrtletí zvýšil tržby o 5,3 % na 26,5 mld. USD a upravený EPS byl 4,11 USD oproti 2,05 USD loni. Firma také zvedla celoroční výhled tržeb na růst kolem 5 %.
Second quarter net sales grew 5.3 percent over last year, with comparable sales growth of 3.8 percent driven by a 3.6 percent increase in comparable traffic. On a two-year basis, second quarter Net Sales compounded annual growth rate was 2.1%, a 30 basis point acceleration to prior quarter. Topline strength was broad-based across sales channels, demographics, merchandise categories, and across the quarter. Store comparable sales grew 2.7 percent, and Digital comparable sales grew 8.7 percent, led by more than 25 percent growth in same-day delivery. Net sales in all six core merchandising categories grew versus a year ago with double-digit growth in Fun 101 and high single-digit growth in Food & Beverage and Beauty. The company continues to focus on a differentiated retail experience, investing in style, design, newness, and in value, having lowered prices on more than 10,000 items over the past year. Non-merchandise sales grew over 20 percent, reflecting strong growth in Roundel ad revenue, Target Circle 360 membership revenue, and the Target+ marketplace. Second quarter GAAP and Adjusted EPS1 was $4.11, compared with prior-year GAAP and Adjusted EPS of $2.05, an increase of 100 percent, which included tariff refund2 benefits of $1.65 for Q2 2026. GAAP and Adjusted EPS increased 20 percent year-over-year, excluding tariff refunds. For additional media materials, please visit:
https://corporate.target.com/news-features/article/2026/08/q2-2026-earnings
Target Corporation (NYSE: TGT) today announced its second quarter 2026 financial results.
The Company reported second quarter GAAP and Adjusted earnings per share (EPS) of $4.11, compared with prior-year GAAP and Adjusted EPS of $2.05. Second quarter 2026 results include $994 million of pretax tariff refund benefits within gross margin and operating income. These gains contributed $752 million to net earnings and $1.65 to both GAAP and Adjusted EPS. The attached tables provide reconciliations of non-GAAP to GAAP measures. All earnings per share figures are calculated on a diluted basis.
"Second quarter results build on the encouraging momentum we saw in the first quarter, giving us increasing confidence that our strategy is resonating with our guests and strengthening our leadership position in style, design, and value," said Michael Fiddelke, Chief Executive Officer of Target. "Over the past year, we've reduced prices on more than 10,000 frequently purchased items as part of our commitment to delivering outstanding value every day, while continuing to invest in newness, convenience, and an elevated shopping experience. While there's still meaningful work ahead, we're encouraged by the progress we're making and remain focused on executing with discipline, staying agile in a dynamic operating environment, and investing in our team and capabilities to drive sustainable, profitable growth over the long term."
Guidance3
Given our performance through the first half of the year, the Company has the following updated expectations for 2026:
Full-year net sales growth in a range around 5 percent, one percentage point higher than the prior guidance range. Full-year 2026 operating income margin rate in a range around 6 percent, including approximately 90 basis points of benefit from Q2 tariff refunds. Excluding tariff refunds, full-year operating income margin rate is expected to be in a range around 50 basis points higher than last year's Adjusted operating income margin rate of 4.6 percent. An updated GAAP and Adjusted EPS guidance range of $9.90 to $10.90, which includes second quarter tariff refund benefits of approximately $1.65. Excluding tariff refunds, the midpoint of the guidance range reflects a $0.75 increase versus prior guidance of $7.50 to $8.50. Operating Results
Net Sales of $26.5 billion in the second quarter were 5.3 percent higher than last year, reflecting a 5.0 percent increase in merchandise sales and a 20.1 percent increase in non-merchandise sales. Comparable sales grew 3.8 percent in the second quarter, reflecting a comparable store sales increase of 2.7 percent and comparable digital sales increase of 8.7 percent. Second quarter operating income, which included a $994 million benefit from tariff refunds, was $2.6 billion, compared with prior-year operating income of $1.3 billion. Operating income margin rate of 9.6 percent, which included 3.7 percentage points of benefit from the tariff refunds, increased from the prior-year operating income margin rate of 5.2 percent. Second quarter gross margin rate was 33.7 percent, reflecting 3.7 percentage points of benefit from tariff refunds. Excluding tariff refunds, second quarter gross margin rate expanded approximately 100 basis points over prior year margin rate of 29.0 percent, reflecting the comparison over last year's elevated markdowns and purchase order cancellation costs, as well as continued growth in advertising and non-merchandise sales. Second quarter SG&A expense rate was 21.6 percent, compared with prior-year SG&A expense rate of 21.3 percent. This increase reflects the impact of higher compensation costs, including additional hours for field teams and higher incentive compensation, as well as planned spending related to capital projects, partially offset by the leverage benefit of strong topline growth.
Interest Expense and Taxes
The Company's second quarter 2026 net interest expense was $98 million, compared with $116 million last year, reflecting higher interest income in the current year.
Second quarter 2026 effective income tax rate was 23.7 percent, compared with the prior year rate of 23.2 percent reflecting higher pretax earnings partially offset by additional tax credit benefits in the current year.
Capital Deployment and Return on Invested Capital
Second quarter capital expenditures of $1.4 billion were 27 percent higher than last year, driven primarily by increased investments in store remodels and new stores.
The Company paid dividends of $518 million in the second quarter, compared with $509 million last year, reflecting a 1.8 percent increase in the dividend per share.
The Company did not repurchase any stock in the second quarter. As of the end of the quarter, the Company had approximately $8.3 billion of remaining capacity under the repurchase program approved by Target's Board of Directors in August 2021.
For the trailing twelve months through second quarter 2026, after-tax return on invested capital (ROIC) was 15.4 percent, compared with 14.3 percent for the trailing twelve months through second quarter 2025. The tables in this release provide additional information about the Company's ROIC calculation.
Webcast Details
Target will webcast its second quarter earnings conference call at 7:00 a.m. CT today. Investors and the media are invited to listen to the meeting at Corporate.Target.com/Investors (click on "Q2 2026 Target Corporation Earnings Conference Call" under "Events & Presentations"). A replay of the webcast will be provided when available. The replay number is 1-800-365-2419.
Miscellaneous
Statements in this release regarding the Company's future financial performance, including its fiscal 2026 full-year guidance and strategic plans, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are subject to risks and uncertainties which could cause the Company's results to differ materially. The most important risks and uncertainties are described in Item 1A of the Company's Form 10-K for the fiscal year ended January 31, 2026. Forward-looking statements speak only as of the date they are made, and the Company does not undertake any obligation to update any forward-looking statement.
About Target
Target Corporation (NYSE: TGT) brings together style, design and value to offer a distinct assortment and elevated shopping experience across more than 2,000 U.S. stores and online. Powered by more than 400,000 team members, Target serves millions of families each week and invests in the communities where they live and work to support growth and opportunity for all.
1 Adjusted EPS, Adjusted selling, general and administrative (SG&A) expenses, Adjusted SG&A expense rate, Adjusted operating income, and Adjusted operating income margin rate, non-GAAP financial measures, exclude the impact of certain discretely managed items, when applicable. See the tables of this release for additional information.
2 During the three and six months ended August 1, 2026, we recognized $994 million related to International Emergency Economic Powers Act (IEEPA) tariff refunds ("tariff refunds") received during the second quarter of 2026 as a reduction of Cost of Sales. Note (a) to the Operating Metrics table provides additional information about the impact of tariff refunds.
3 The Company's guidance excludes any potential future tariff refunds.
TARGET CORPORATION
Consolidated Statements of Operations
Three Months Ended
Six Months Ended
(millions, except per share data) (unaudited)
August 1, 2026
August 2, 2025
Change
August 1, 2026
August 2, 2025
Change
Net sales
$ 26,539
$ 25,211
5.3 %
$ 51,982
$ 49,057
6.0 %
Cost of sales
17,603
17,903
(1.7)
35,664
35,031
1.8
Selling, general, and administrative expenses
5,725
5,359
6.8
11,286
9,950
13.4
Depreciation and amortization (exclusive of
depreciation included in cost of sales)
651
632
3.2
1,337
1,287
3.9
Operating income
2,560
1,317
94.4
3,695
2,789
32.5
Net interest expense
98
116
(16.1)
215
232
(7.4)
Net other expense / (income)
3
(17)
(114.9)
(13)
(43)
(72.0)
Earnings before income taxes
2,459
1,218
101.9
3,493
2,600
34.3
Provision for income taxes
582
283
105.8
835
629
32.7
Net earnings
$ 1,877
$ 935
100.8 %
$ 2,658
$ 1,971
34.9 %
Basic earnings per share
$ 4.13
$ 2.06
100.8 %
$ 5.85
$ 4.33
35.1 %
Diluted earnings per share
$ 4.11
$ 2.05
100.3 %
$ 5.83
$ 4.32
34.8 %
Weighted average common shares outstanding
Basic
454.4
454.6
0.0 %
454.1
454.8
(0.1) %
Diluted
456.6
455.6
0.2 %
456.2
456.1
0.0 %
Antidilutive shares
0.7
5.0
0.9
2.3
Dividends declared per share
$ 1.16
$ 1.14
1.8 %
$ 2.30
$ 2.26
1.8 %
TARGET CORPORATION
Consolidated Statements of Financial Position
(millions, except footnotes) (unaudited)
August 1, 2026
January 31, 2026
August 2, 2025
Assets
Cash and cash equivalents
$ 5,411
$ 5,488
$ 4,341
Inventory
13,249
12,304
12,881
Other current assets
2,268
2,213
1,812
Total current assets
20,928
20,005
19,034
Property and equipment, net
34,767
33,749
33,568
Operating lease assets
3,587
3,703
3,694
Other noncurrent assets
1,953
2,033
1,555
Total assets
$ 61,235
$ 59,490
$ 57,851
Liabilities and shareholders' investment
Accounts payable
$ 13,306
$ 12,622
$ 12,019
Accrued and other current liabilities
6,738
6,478
6,068
Current portion of long-term debt and other borrowings
1,136
2,130
1,136
Total current liabilities
21,180
21,230
19,223
Long-term debt and other borrowings
14,221
14,326
15,320
Noncurrent operating lease liabilities
3,332
3,462
3,514
Deferred income taxes
2,504
2,265
2,413
Other noncurrent liabilities
2,155
2,042
1,961
Total noncurrent liabilities
22,212
22,095
23,208
Shareholders' investment
Common stock
38
38
38
Additional paid-in capital
7,329
7,247
7,084
Retained earnings
10,890
9,297
8,766
Accumulated other comprehensive loss
(414)
(417)
(468)
Total shareholders' investment
17,843
16,165
15,420
Total liabilities and shareholders' investment
$ 61,235
$ 59,490
$ 57,851
Common Stock Authorized 6,000,000,000 shares, $0.0833 par value; 454,291,461, 452,840,187, and 454,396,092 shares issued and outstanding as of August 1, 2026, January 31, 2026, and August 2, 2025, respectively.
Preferred Stock Authorized 5,000,000 shares, $0.01 par value; no shares were issued or outstanding during any period presented.
TARGET CORPORATION
Consolidated Statements of Cash Flows
Six Months Ended
(millions) (unaudited)
August 1, 2026
August 2, 2025
Operating activities
Net earnings
$ 2,658
$ 1,971
Adjustments to reconcile net earnings to cash provided by operating activities:
Depreciation and amortization
1,597
1,558
Share-based compensation expense
154
133
Deferred income taxes
238
112
Noncash (gains) / losses and other, net
(4)
1
Changes in operating accounts:
Inventory
(945)
(141)
Other assets
22
151
Accounts payable
612
(1,125)
Accrued and other liabilities
187
(302)
Cash provided by operating activities
4,519
2,358
Investing activities
Expenditures for property and equipment
(2,404)
(1,864)
Other
7
11
Cash used in investing activities
(2,397)
(1,853)
Financing activities
Additions to long-term debt
—
1,984
Reductions of long-term debt
(1,070)
(1,571)
Dividends paid
(1,034)
(1,019)
Repurchase of stock
(3)
(258)
Shares withheld for taxes on share-based compensation
(92)
(62)
Cash used in financing activities
(2,199)
(926)
Net decrease in cash and cash equivalents
(77)
(421)
Cash and cash equivalents at beginning of period
5,488
4,762
Cash and cash equivalents at end of period
$ 5,411
$ 4,341
TARGET CORPORATION
Operating Results
Net Sales
Three Months Ended
Six Months Ended
(millions) (unaudited)
August 1, 2026
August 2, 2025
August 1, 2026
August 2, 2025
Apparel & accessories
$ 4,090
$ 4,086
$ 7,937
$ 7,797
Beauty
3,639
3,396
7,037
6,498
Food & beverage
5,991
5,588
12,255
11,490
Hardlines (Fun 101)
3,894
3,522
7,415
6,597
Home furnishings & décor
3,668
3,662
6,906
6,880
Household essentials
4,617
4,422
9,187
8,779
Other merchandise sales
48
43
104
83
Merchandise sales
25,947
24,719
50,841
48,124
Advertising revenue (a)
279
217
525
379
Credit card profit sharing
139
134
269
275
Other
174
141
347
279
Net sales
$ 26,539
$ 25,211
$ 51,982
$ 49,057
(a)
Primarily represents revenue related to advertising services provided via the Company's Roundel digital advertising business offering. Roundel services are classified as either Net Sales or as a reduction of Cost of Sales or Selling, General, and Administrative (SG&A) Expenses, depending on the nature of the advertising arrangement.
Operating Metrics
Three Months Ended
(dollars in millions) (unaudited)
August 1, 2026
August 2, 2025
Dollars
Rate
Dollars
Rate
Gross margin (a)
$ 8,936
33.7 %
$ 7,308
29.0 %
SG&A expenses
5,725
21.6
5,359
21.3
Adjusted SG&A expenses (b)
5,725
21.6
5,359
21.3
Depreciation and amortization (exclusive of depreciation included in cost of sales)
651
2.5
632
2.5
Operating income (a)
2,560
9.6
1,317
5.2
Adjusted operating income (a)(b)
2,560
9.6
1,317
5.2
Operating Metrics
Six Months Ended
(dollars in millions) (unaudited)
August 1, 2026
August 2, 2025
Dollars
Rate
Dollars
Rate
Gross margin (a)
$ 16,319
31.4 %
$ 14,026
28.6 %
SG&A expenses
11,286
21.7
9,950
20.3
Adjusted SG&A expenses (b)
11,286
21.7
10,543
21.5
Depreciation and amortization (exclusive of depreciation included in cost of sales)
1,337
2.6
1,287
2.6
Operating income (a)
3,695
7.1
2,789
5.7
Adjusted operating income (a)(b)
3,695
7.1
2,196
4.5
Note: Gross margin is calculated as Net Sales less Cost of Sales. All rates are calculated by dividing the applicable amount by Net Sales.
(a)
For the three and six months ended August 1, 2026, gross margin, Operating income, and Adjusted operating income include a $994 million benefit from tariff refunds received during the second quarter of 2026, which are classified as a reduction of Cost of Sales. Tariff refunds provided 3.7 and 1.9 percentage points of benefit to Gross margin rate, Operating income margin rate, and Adjusted operating income margin rate for the three and six month periods, respectively.
(b)
Adjusted SG&A expenses, Adjusted SG&A expense rate, Adjusted operating income, and Adjusted operating income margin rate, which are non-GAAP measures, exclude the impact of certain items. Management believes that these measures are useful in providing period-to-period comparisons of the results of our operations. The Reconciliation of Non-GAAP Financial Measures tables provide additional information.
Sales Metrics
Comparable sales include all Merchandise Sales, except sales from stores open less than 13 months or that have been closed. Digitally originated sales include all Merchandise Sales initiated through mobile applications and the Company's websites.
Comparable Sales
Three Months Ended
Six Months Ended
(unaudited)
August 1, 2026
August 2, 2025
August 1, 2026
August 2, 2025
Comparable sales change
3.8 %
(1.9) %
4.7 %
(2.8) %
Drivers of change in comparable sales
Number of transactions (traffic)
3.6
(1.3)
4.0
(1.8)
Average transaction amount
0.2
(0.6)
0.7
(1.0)
Comparable Sales by Channel
Three Months Ended
Six Months Ended
(unaudited)
August 1, 2026
August 2, 2025
August 1, 2026
August 2, 2025
Stores originated comparable sales change
2.7 %
(3.2) %
3.7 %
(4.4) %
Digitally originated comparable sales change
8.7
4.3
8.8
4.5
Merchandise Sales by Channel
Three Months Ended
Six Months Ended
(unaudited)
August 1, 2026
August 2, 2025
August 1, 2026
August 2, 2025
Stores originated
80.4 %
81.1 %
80.1 %
80.7 %
Digitally originated
19.6
18.9
19.9
19.3
Total
100 %
100 %
100 %
100 %
Merchandise Sales by Fulfillment Channel
Three Months Ended
Six Months Ended
(unaudited)
August 1, 2026
August 2, 2025
August 1, 2026
August 2, 2025
Stores
97.6 %
97.7 %
97.6 %
97.7 %
Other
2.4
2.3
2.4
2.3
Total
100 %
100 %
100 %
100 %
Note: Merchandise Sales fulfilled by stores include in-store purchases and digitally originated sales fulfilled by shipping merchandise from stores to guests, Order Pickup, Drive Up, and Same Day Delivery.
Number of Stores and Retail Square Feet
Number of Stores
Retail Square Feet (a)
(unaudited)
August 1,
2026
January 31,
2026
August 2,
2025
August 1,
2026
January 31,
2026
August 2,
2025
170,000 or more sq. ft.
274
273
273
49,045
48,824
48,824
50,000 to 169,999 sq. ft.
1,598
1,576
1,562
200,321
197,274
195,436
49,999 or less sq. ft.
147
146
147
4,460
4,420
4,445
Total
2,019
1,995
1,982
253,826
250,518
248,705
(a)
In thousands; reflects total square feet less office, supply chain facility, and vacant space.
TARGET CORPORATION
Reconciliation of Non-GAAP Financial Measures
To provide additional transparency, the Company has disclosed non-GAAP adjusted diluted earnings per share (Adjusted EPS), adjusted SG&A expenses, adjusted SG&A expense rate, adjusted operating income, and adjusted operating income margin rate. When applicable, these measures exclude certain discretely managed items. Management believes this information is useful in providing period-to-period comparisons of the results of Target's operations. These measures are not in accordance with, or an alternative to, generally accepted accounting principles in the United States (GAAP). The most comparable GAAP measures are diluted earnings per share, SG&A expenses, SG&A expense rate, operating income, and operating income margin rate. Adjusted EPS, Adjusted SG&A expenses, Adjusted SG&A expense rate, Adjusted operating income, and Adjusted operating income margin rate should not be considered in isolation or as a substitution for analysis of Target's results as reported in accordance with GAAP. Other companies may calculate these measures differently, or not provide similar measures, limiting the usefulness of the measures for comparisons with other companies.
Reconciliation of Non-GAAP
Adjusted EPS
Three Months Ended
August 1, 2026
August 2, 2025
(millions, except per share data) (unaudited)
Pretax
Net of Tax
Per Share
Pretax
Net of Tax
Per Share
Change
GAAP and Adjusted EPS
$ 4.11
$ 2.05
100.3 %
Reconciliation of Non-GAAP
Adjusted EPS
Six Months Ended
August 1, 2026
August 2, 2025
(millions, except per share data) (unaudited)
Pretax
Net of Tax
Per Share
Pretax
Net of Tax
Per Share
Change
GAAP diluted EPS
$ 5.83
$ 4.32
34.8 %
Adjustments
Interchange fee settlements (a)
$ —
$ —
$ —
$ (593)
$ (441)
$ (0.97)
Adjusted EPS
$ 5.83
$ 3.35
73.7 %
Reconciliation of Non-GAAP Adjusted
SG&A Expenses and Adjusted Operating Income
Three Months Ended
August 1, 2026
August 2, 2025
SG&A Expenses
Operating Income (b)
SG&A Expenses
Operating Income
(dollars in millions) (unaudited)
Dollars
Rate
Dollars
Rate
Dollars
Rate
Dollars
Rate
GAAP and Adjusted measures
$ 5,725
21.6 %
$ 2,560
9.6 %
$ 5,359
21.3 %
$ 1,317
5.2 %
Reconciliation of Non-GAAP Adjusted
SG&A Expenses and Adjusted Operating Income
Six Months Ended
August 1, 2026
August 2, 2025
SG&A Expenses
Operating Income (b)
SG&A Expenses
Operating Income
(dollars in millions) (unaudited)
Dollars
Rate
Dollars
Rate
Dollars
Rate
Dollars
Rate
Reported, GAAP measure
$ 11,286
21.7 %
$ 3,695
7.1 %
$ 9,950
20.3 %
$ 2,789
5.7 %
Adjustments
Interchange fee settlements (a)
—
—
—
—
$ 593
1.2 %
$ (593)
(1.2) %
Adjusted, Non-GAAP measure
$ 11,286
21.7 %
$ 3,695
7.1 %
$ 10,543
21.5 %
$ 2,196
4.5 %
Note: Amounts may not foot due to rounding.
(a)
Includes gains, net of legal fees, related to settlements during the first quarter of 2025 of credit card interchange fee litigation matters in which the Company was a plaintiff. The adjustment removes the favorable impact of the settlement gains from prior-year EPS, SG&A expenses and Operating income.
(b)
Note (a) to the Operating Metrics tables provides information about the impact of tariff refunds on Operating income and Operating income margin rate.
We have also disclosed after-tax ROIC, which is a ratio based on GAAP information, with the exception of the add-back of operating lease interest to operating income. We believe this metric is useful in assessing the effectiveness of our capital allocation over time. Other companies may calculate ROIC differently, limiting the usefulness of the measure for comparisons with other companies.
After-Tax Return on Invested Capital
(dollars in millions) (unaudited)
Trailing Twelve Months
Numerator
August 1, 2026
August 2, 2025
Operating income
$ 6,024
$ 5,425
+ Net other income
64
99
EBIT
6,088
5,524
+ Operating lease interest (a)
172
166
- Income taxes (b)
1,402
1,305
Net operating profit after taxes
$ 4,858
$ 4,385
Denominator
August 1, 2026
August 2, 2025
August 3, 2024
Current portion of long-term debt and other borrowings
$ 1,136
$ 1,136
$ 1,640
+ Noncurrent portion of long-term debt
14,221
15,320
13,654
+ Shareholders' investment
17,843
15,420
14,429
+ Operating lease liabilities (c)
3,733
3,883
3,786
- Cash and cash equivalents
5,411
4,341
3,497
Invested capital
$ 31,522
$ 31,418
$ 30,012
Average invested capital (d)
$ 31,470
$ 30,715
After-tax return on invested capital (e)
15.4 %
14.3 %
(a)
Represents the add-back to operating income driven by the hypothetical interest expense we would incur if the property under our operating leases was owned or accounted for under finance leases. Calculated using the discount rate for each lease and recorded as a component of rent expense within Operating Income. Operating lease interest is added back to Operating Income in the ROIC calculation to control for differences in capital structure between us and our competitors.
(b)
Calculated using the effective tax rates, which were 22.4 percent and 22.9 percent for the trailing twelve months ended August 1, 2026, and August 2, 2025, respectively. For the twelve months ended August 1, 2026, and August 2, 2025, includes tax effect of $1.4 billion and $1.3 billion, respectively, related to EBIT, and $39 million and $38 million, respectively, related to operating lease interest.
(c)
Total short-term and long-term operating lease liabilities included within Accrued and Other Current Liabilities and Noncurrent Operating Lease Liabilities, respectively.
(d)
Average based on the invested capital at the end of the current period and the invested capital at the end of the comparable prior period.
(e)
For the trailing twelve months ended August 1, 2026, includes the impact of tariff refunds, which increased after-tax ROIC by 2.4 percentage points, and business transformation costs incurred in the trailing twelve-month period, which decreased after-tax ROIC by 0.6 percentage points. For the trailing twelve months ended August 2, 2025, includes the impact of after-tax net gains on interchange fee settlements, which increased after-tax ROIC by 1.4 percentage points.
2026 GAAP EPS, SG&A expenses, SG&A expense rate, operating income, and operating (income) margin rate may include the impact of certain discrete items, which may be excluded in calculating Adjusted EPS, Adjusted SG&A expenses, Adjusted SG&A expense rate, Adjusted operating income, and Adjusted operating income margin rate. The guidance does not currently reflect any such discrete items, which are subject to variability and therefore cannot be reconciled without unreasonable efforts. In the past, these items have included both gains and losses, including certain asset impairments, severance, and other items that are discretely managed.
Reconciliation of Non-GAAP
Adjusted EPS Guidance
(per share) (unaudited)
Full Year 2026
GAAP diluted earnings per share guidance
$9.90 - $10.90
Estimated adjustments
Other
Adjusted diluted earnings per share guidance
$9.90 - $10.90
Note: The guidance includes second quarter tariff refund benefits of approximately $1.65, but excludes any potential future refunds.
Target zvýšil celoroční výhled tržeb na růst kolem 5 % a zisk na akcii (EPS), protože snižování cen a obměna zboží přinášejí výsledky. Čtvrtletní srovnatelné tržby vzrostly o 3,8 %.
Target (TGT.N) on Wednesday raised its annual sales forecast as efforts to cut prices and freshen merchandise continued to bear fruit, while noting its quarterly profit received a nearly $1 billion boost from tariff refunds.
It was the third straight strong quarter for Target, which also raised its growth forecast in May. The results suggest the turnaround plan of new CEO Michael Fiddelke is taking root ahead of the all-important holiday shopping season.
"It's encouraging to see a strong consumer response to change where we've made it," Fiddelke told reporters on a pre-earnings conference call on Tuesday. But he warned: "There's a lot more to come, and ... we need to execute well."
Target's shares were down about 3% in premarket trading. The stock has surged 56% this year, outpacing Walmart (WMT.O) and the S&P 500 Consumer Staples index.
Comparable sales for the quarter ended August 1 grew 3.8%, beating estimates of 2.5% growth, according to data compiled by LSEG. That included a 3.6% rise in traffic and an 8.7% jump in digital comparable sales, as shoppers opted for same-day delivery.
TARIFF REFUNDS BOOST INCOME
Excluding one-off items and including a tariff benefit of $1.65 per shaer, the company's quarterly profit rose 20% to $2.46. Analysts had expected earnings per share of $2.33.
"The market is not reacting to a disappointment. The stock had a high bar given the year-to-date run and buy side had high expectations, which the (numbers excluding tariffs) didn't clear," said Jacob Aiken-Phillips, analyst at Melius Research.
Excluding benefits from the tariff refunds of about $1.65 per share, Target raised the mid-point of its annual profit per share forecast by 75 cents. In May, it had forecast annual earnings per share near the high end of $7.50 to $8.50.
The retailer now expects year-over-year net sales growth of around 5%, compared with its prior target of growth around 4%.
The company has cut prices on more than 10,000 items over the past year, it said, and about 95% of its school supplies were priced below last year's rates, to draw in back-to-school shoppers.
When asked how the company would use tariff refunds, Chief Financial Officer Jim Lee said, "We have and will continue to invest in price." He stopped short of offering specifics about how tariff refund dollars would be deployed.
Fiddelke has focused on keeping shelves well-stocked and adding more products in key categories such as baby care and health and wellness. Building on an effort to draw in young families, the company on Wednesday noted double-digit growth in its hardline business, known as Fun101, naming Legos a leading product.
LITTLE ROOM FOR ERROR
Target said in March it would invest an extra $2 billion — on top of a previously announced $4 billion — to help fix the merchandising problems that had turned shoppers away in past quarters. On an adjusted basis, Target's second-quarter gross margin rate expanded about 100 basis points to 33.7%.
However, margin comparisons could get harder in the second half, and Target's forecast implies that margin expansion will slow even as the sales outlook rises, Melius Research's Aiken-Phillips said.
Fiddelke hinted at more investments in the coming months to maintain growth, including launching beauty studios in more than 600 stores, enhancing its home assortment and advancing its use of technology.
Wednesday's report was a key barometer as to whether Target can consistently execute on price, product mix and store experience, as it did during the quarter ending May 2, said Morningstar analyst Brett Husslein.
Whereas Walmart's (WMT.O) low prices and high-margin ad business can help it to withstand macro headwinds or managerial missteps, Target's margins are more dependent on retail sales, and factors that push shoppers away - be they social, macroeconomic or business-driven - can quickly change its fortunes, Husslein said.
That magnifies the importance of execution at a time when consumers are tightening their belts, he said — especially on prices, which must be low enough to compel shoppers without denting margins.
"If they are not on the ball in every way, they risk losing customer wallet share," Husslein said.
Target also said it had added more space for fresh produce, snacks and bakery products, with snack sales up 15% year-over-year. "Our aspiration is to move our food business from a basket builder and a 'while-you're-at-Target' to (being) the reason why you come to Target," Chief Merchandising Officer Cara Sylvester said on Tuesday's call.
Other categories, like apparel and home, were "just barely positive," Fiddelke said. "We've got a lot of work to do in some of the categories where we're not yet pleased with our performance."
Target Corporation (NYSE:TGT) will release its second quarter earnings report before the opening bell on Wednesday, Aug. 19.
Analysts expect the Minneapolis, Minnesota-based company to report quarterly earnings of $2.33 per share, up from $2.05 per share in the year-ago period. The consensus estimate for Target’s quarterly revenue is $26.13 billion. It reported $25.21 billion last year, according to Benzinga Pro.
On July 22, Target named former 7-Eleven CEO to its board of directors.
Shares of Target rose 1% to close at $152.48 on Tuesday.
Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.
Telsey Advisory Group analyst Joseph Feldman maintained an Outperform rating and raised the price target from $150 to $170 on Aug. 14, 2026. This analyst has an accuracy rate of 64%. Truist Securities analyst Scot Ciccarelli maintained a Hold rating and raised the price target from $130 to $147 on Aug. 14, 2026. This analyst has an accuracy rate of 70%. Piper Sandler analyst Peter Keith maintained a Neutral rating and increased the price target from $127 to $146 on Aug. 14, 2026. This analyst has an accuracy rate of 67%. Jefferies analyst Corey Tarlowe maintained a Buy rating and increased the price target from $161 to $177 on Aug. 14, 2026. This analyst has an accuracy rate of 60%. RBC Capital analyst Steven Shemesh maintained an Outperform rating and raised the price target from $153 to $166 on Aug. 12, 2026. This analyst has an accuracy rate of 60%. Latest Private Market Opportunities
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Target oznámí výsledky za 2. čtvrtletí fiskálního roku 2026 19. srpna; odhady analytiků počítají s tržbami 26,10 mld. USD a EPS 2,26 USD. Model Zacks navíc naznačuje další překonání odhadů.
Key Takeaways Target is set to report Q2 fiscal 2026 results on Aug. 19, with revenue and EPS estimates pointing to growth.Target's merchandising, digital convenience and inventory initiatives may have supported Q2 performance.Tough comparisons, first-half cost pressures and a recent share rally temper Target's favorable setup. With Target Corporation (TGT - Free Report) set to announce its second-quarter fiscal 2026 earnings results on Aug. 19, before the market opens, investors face a critical question: Can TGT continue its streak of surprising results, or will challenges in the retail space temper growth?
The Zacks Consensus Estimate for second-quarter revenues stands at $26.10 billion, indicating a 3.5% increase from the prior-year reported figure. On the earnings front, the consensus estimate has risen by a couple of cents to $2.26 per share over the past seven days, implying a 10.2% year-over-year jump.
Target has a trailing four-quarter earnings surprise of 8.2%, on average. In the last reported quarter, this Minneapolis-based company surpassed the Zacks Consensus Estimate by 21.3%.
Image Source: Zacks Investment Research
What the Zacks Model Indicates for TGT’s Q2 EarningsAs investors prepare for Target’s second-quarter results, the question looms regarding an earnings beat or miss. Our proven model predicts that an earnings beat is likely for Target this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is the case here. You can see the complete list of today’s Zacks #1 Rank stocks here.
Target has a Zacks Rank #2 and an Earnings ESP of +4.59%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Factors Likely to Have Shaped Target's Q2 OutcomeTarget’s sharpened merchandising strategy is likely to have supported second-quarter performance, with the retailer continuing to emphasize newness, relevance and value across key categories. Management entered the quarter with plans for a major refresh of its grocery assortment and the early stages of a broader reinvention of the home business while maintaining momentum in beauty, health and wellness, baby, toys and food. The 2026 FIFA World Cup, which kicked off in June, may also have provided an incremental traffic and demand tailwind during the quarter. Target has also been leaning into culturally relevant, exclusive partnerships and trend-driven assortments that can create excitement and encourage store visits.
Alongside merchandising improvements, Target has been investing in store staffing, training and operating tools with the aim of improving service, product availability and checkout experiences. It has also been working to improve inventory reliability, particularly in frequently purchased categories such as food, essentials and beauty, while using better forecasting and supply-chain visibility to keep products available when guests need them. These initiatives could have supported traffic and conversion by making stores easier to shop and reducing operational friction.
Target’s expanding digital and convenience ecosystem may also have contributed positively. The company continues to build around same-day fulfillment, Target Circle services, and its stores-as-hubs model, giving customers greater flexibility in how they shop and receive purchases. At the same time, businesses such as Roundel, Target Circle membership offerings, and the Target+ marketplace have been adding another layer of growth beyond traditional merchandise sales. Continued investments in stores, remodels, fulfillment capabilities and supply-chain infrastructure should also have helped Target better support digital demand while improving speed and reliability. Together, these efforts may have strengthened customer engagement and broadened the company’s sources of growth during the second quarter.
That said, management had cautioned about a tough year-over-year comparison as Target began cycling a strong prior-year period that benefited from a major gaming-product launch. The benefit from higher tax refunds seen in the first quarter should fade over the rest of the year. Cost pressures are another concern, as Target expected certain headwinds related to new-store openings, remodels and shrink to be more pronounced in the first half of the year.
Target Stock Price PerformanceTarget, which competes with Costco Wholesale Corporation (COST - Free Report) and Dollar General Corporation (DG - Free Report) , has seen its shares rally 18.7% against the industry’s decline of 2.2%. While shares of Costco have declined 12.9%, Dollar General has advanced 16%.
TGT vs. Peers
Image Source: Zacks Investment Research
Does Target Present a Strong Case for Value Investing?Target’s valuation remains discounted relative to the industry. The stock currently trades at a forward 12-month P/E multiple of 17.34, well below the industry average of 31.18. However, TGT is trading above its 12-month median P/E of 14.46, suggesting that while the stock remains attractively valued versus peers, it is no longer as inexpensive relative to its recent historical range.
Target is trading at a discount to Costco (42.50) but at a premium to Dollar General (15.55).
TGT's P/E F12M Multiple
Image Source: Zacks Investment Research
Final Words on Target StockTarget appears well positioned heading into its second-quarter earnings release, supported by improving merchandising execution, stronger digital and convenience capabilities, better inventory availability and continued investments in the guest experience. The earnings setup also appears favorable, with the Zacks model indicating a higher likelihood of another earnings beat. Still, tougher year-over-year comparisons, first-half cost pressures and the stock’s recent rally warrant some restraint, particularly as the shares are no longer as inexpensive relative to their recent valuation history. Current investors may consider holding their positions ahead of the release, while prospective investors could look to accumulate the stock selectively rather than chase the recent gains. A stronger-than-expected second-quarter report and encouraging commentary could support further upside.
Target čeká ve 2. čtvrtletí tržby 26,13 miliardy USD a EPS 2,32 USD. Návštěvnost obchodů vzrostla ve 2. čtvrtletí meziročně o 4,7 %, tedy více než u Walmartu, kde činila 0,7 %.
Target Q2 Earnings EstimatesAnalysts expect Target to report second-quarter revenue of $26.13 billion, up from $25.21 billion in last year’s second quarter, according to data from Benzinga Pro.
The company has beaten analyst estimates for revenue in five of the last quarters, including the most recently reported first quarter.
Analysts expect Target to report second-quarter earnings per share of $2.32, up from $2.05 in last year’s second quarter.
The company has beaten analyst estimates for earnings per share in four straight quarters and in seven of the last 10 quarters overall.
Read Next
Target Analyst Ratings and CommentaryTarget’s turnaround has attracted positive commentary from analysts and higher price targets as the stock soars in 2026.
Even some of the analysts with bearish ratings have raised price targets to close to where shares trade now or slightly below, suggesting there may not be more upside, but also that downside is limited even after the surge in the share price.
Here are some of the most recent Target analyst ratings and price targets:
DA Davidson: Maintained Buy rating, raised the price target from $155 to $170Telsey: Maintained Outperform rating, raised the price target from $150 to $170Truist Securities: Maintained Hold rating, raised the price target from $130 to $147Piper Sandler: Maintained Neutral rating, raised the price target from $127 to $146Jefferies: Maintained Buy rating, raised the price target from $161 to $177RBC Capital: Maintained Outperform rating, raised the price target from $153 to $166Key Items to WatchTarget stock has been on fire in 2026 and a strong earnings report and guidance are likely needed to keep momentum going.
The retailer posted a double beat in the first quarter, which comes as recent quarterly results have struggled to beat analyst estimates for revenue.
First-quarter comparable sales were up 5.6% year-over-year with comparable traffic up 4.4% year-over-year. Target said it saw net sales increase across all six core merchandising categories.
Target could be in for more gains in the second quarter based on traffic trends. A Placer.ai report says visits to Target stores were up 4.7% year-over-year in the second quarter. That comes in higher than a gain of 0.7% for rival Walmart (NASDAQ:WMT).
Here are the year-over-year visit performance by month in the report for the two retailers:
April: Target +5.3%, Walmart +1.2% May: Target +4.6%, Walmart +0.7% June: Target +4.4%, Walmart +0.2% July: Target +7.3%, Walmart +2.4% The data shows that Target could have higher visitor growth than Walmart and based on normal spending habits, this could mean gaining market share. While July won’t factor into second-quarter results, this is the top month for Target on a year-over-year visits basis according to Placer.ai, which could factor into guidance.
Target raised its 2026 sales outlook after first-quarter results. Analysts and investors could be expecting another raise to guidance with a strong report. The July visits data could suggest that sales are trending higher in the third quarter.
Target Stock Price ActionTarget stock is up 1% to $152.51 on Tuesday versus a 52-week trading range of $83.44 to $156.47. Target stock is up 52.8% year-to-date, recently hitting two-year highs.
Bernstein zvýšil cílovou cenu pro SpaceX na 248 USD a vidí v orbitálních datových centrech velkou příležitost. Firma by podle něj mohla do konce roku 2027 zvládnout téměř jeden start Starship denně.
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Bernstein aerospace and defense analyst Doug Harned raised his SpaceX price target to $248 and reiterated an Overweight rating, framing orbital data centers as a swing factor that could help drive SpaceX to over $600 billion in annual revenue by 2031.
SpaceX Could Launch One Starship per Day by the End of 2027
Harned’s core argument for SpaceX (NASDAQ:SPCX | SPCX Price Prediction) is that compute-in-space pricing is real. “We are definitely also very positive on the outlook for SpaceX. And I think what is so important here is that if they can get the orbital AI, basically orbital data centers, to work, we think this is still a very exciting opportunity,” he told CNBC.
He noted deals at $30-$55 per watt, adding that “this is not the pricing they’ve seen in these deals, which are between 30 and 50 to $55 a watt. That pricing is not really a surge price. They’re out in the market, and they’re seeing pretty attractive pricing opportunities.”
Launch volume hinges on Starship reusability. Harned said SpaceX has “even pulled up the time frame in which they think they can get large numbers of Starship launches out there. In fact, if you look at their plan now, it is to be able to have essentially pretty close to one Starship launch a day when you get to the end of 2027“ across five launch pads.
Bernstein Conservatively Models $600B in Revenue by 2031
Bernstein’s models are more conservative than Elon Musk’s guidance, but they still show the business will grow at an impressive trajectory: “We’ve taken a much more conservative view in our whole ramp rate forward out to 2031. But even with that conservative view, where we get out to around $600 billion in revenues in 2031, which is significantly below what they’re talking about, we think this is still a really powerful opportunity here.” The math requires roughly 3,500 Starship launches in 2031, with Launch 14 in the coming weeks serving as the next reusability proof point.
Harned reads recent SpaceX weakness as a buying opportunity, citing capex concerns and lockup fears. He remains skeptical on direct-to-device wireless and views Starlink’s consumer and enterprise broadband as an already-profitable foundation underneath the AI story.
How This Reads for Rocket Lab
Rocket Lab (NASDAQ:RKLB) is pursuing a comparable vertically integrated space stack, and management is already selling into the same demand curve. In its Q4 2025 update, the company introduced advanced silicon solar arrays targeted at gigawatt-scale space-based data centers.
On the Q2 FY2026 call, CEO Peter Beck said orbital data centers are “a real opportunity” and that with the largest space-grade solar manufacturer in the world, “if they turn out to be a real thing, I think we’ll be pretty deeply entrenched and well positioned to capitalize on it.”
Rocket Lab posted record Q2 FY2026 revenue of $234.07 million, up 62% year over year, a GAAP loss of $0.08 per share, and a record $2.36 billion backlog, up 137% year over year. Guidance calls for Q3 revenue of $250 million to $265 million, and Beck flagged more than $1 billion in new contracts already signed in Q3, including a $397 million Space Force Flatellite award and a $266 million Haste missile-defense deal.
Shares closed at $82.63 on August 17, 2026, up 87.46% over the past year and 15.04% year to date, against analysts’ consensus price target of $112.94.
Key Takeaways
Harned’s new $248 SpaceX price target values the company’s potential to move AI computing into orbit. SpaceX must now prove Starship will be able to launch frequently enough to support the economics.
Contact [email protected] for any questions or corrections.
Analytik Jefferies Corey Tarlowe říká, že Target má dnes větší růstový potenciál než Walmart, i po 47% růstu za poslední rok. Target tento týden zveřejní výsledky před otevřením trhu 19. srpna, Walmart pak 20. srpna. Target těží z levnější valuace i nového managementu.
Jefferies equity analyst Corey Tarlowe told CNBC on Monday, August 17, that Target (NYSE:TGT | TGT Price Prediction) still offers more upside than Walmart (NASDAQ:WMT), even after Target’s 47% run in the past year. Both companies report earnings this week, with Target reporting before the market opens on August 19, while Walmart reports before the market opens on August 20.
Walmart carries a $917 billion market cap versus Target’s $70 billion, and Walmart trades at 38x forward P/E while Target trades at 17x. Lead equity analyst Corey Tarlowe’s bull case for Target today rests on three key pillars:
A reasonable valuation multiple despite the rally
A new management team executing on merchandising
Margins sitting at a cyclical low
The Bull Case for Target
Tarlowe walked through the differences in what Walmart and Target sell: “Walmart is two-thirds food. Target’s about 50% what they call need-based, but only 25% is actually food and beverage,” he said. Target’s skew towards discretionary products has hurt Target in previous cycles, but now it could serve as a source of operating leverage on increased sales.
On product, Tarlowe pointed to Target’s refresh under CEO Michael Fiddelke: “50% of their assortment is going to be new this year. For back to school, they’ve added 1,500 new beauty items. They’ve added 3,000 new food and beverage items. This type of newness is actually translating into traffic.“
Jefferies’ preview flagged Target traffic up almost 4%, which lines up with Target’s own reported Q1 FY26 comp of +5.6% with traffic +4.4% disclosed in its Q1 earnings report, which also showed revenue of $25.44 billion, adjusted EPS of $1.71, and digital comp sales up 8.9%.
Target’s Margins Are at “Trough” Levels and Have Room to Improve
Tarlowe was blunt about the limits of Target’s competitive positioning: “They’re not going to beat Walmart on price. Nobody beats Walmart on price. But you have to be different, and you have to be unique, and you have to be new. And for Target, that’s working.”
The business could see substantial operating leverage from recent investments: “This year specifically, they’ve actually called out up to $2 billion of incremental investment… they’re in a penny-profit business. Their margins are razor thin today. They’re about 4%, which is on trough. And you’re putting a 20-times multiple on trough margins. We like to buy stocks when companies are at trough margins. Historically they’ve averaged close to 6%,“ Tarlowe said.
Walmart’s Bull Case
Tarlowe sees upside in Walmart too. “Despite Target’s substantial run, we actually think that there’s more opportunity. We think there’s more opportunity at both. But I’m highlighting Target specifically in light of the cheaper valuation and the ability for change, because you have new management and you have new product, you have new processes that they’re implementing,” he said.
Walmart’s flywheel continues to deliver. In Q1 FY27, the company posted revenue of $175.68 billion with U.S. comp sales up 4.1% ex-fuel, and it reiterated its FY27 outlook for adjusted EPS of $2.75 to $2.85.
What to Watch This Week
Tarlowe framed the consumer backdrop driving the traffic. “Traffic is up at a lot of the value-oriented retailers like Walmart, like Target. We published our preview last week, and we highlighted traffic growth at Target up almost 4%,” he said, noting fuel prices back above $4 per gallon nationally as a real pressure point on discretionary spend.
Walmart remains the dominant retailer, with unmatched pricing power and a growing advertising and marketplace business supporting its premium valuation. Target, however, offers the more dramatic turnaround opportunity. A refreshed assortment is already improving traffic, new management is changing how the company operates, and margins have room to recover from roughly 4% toward their historical 6% level.
This week’s earnings should reveal whether that recovery is strong enough to justify another leg higher after Target’s 47% rally in the past year.
Contact [email protected] for any questions or corrections.
DA Davidson obnovil cílovou cenu pro Nebius na 250 USD poté, co schválení datacentra ve Vinelandu odstranilo významné riziko. Projekt má kolem 300 MW, tedy 30 % až 37,5 % cíle připojeného výkonu pro rok 2026.
AI infrastructure stocks have become a strange corner of the market where a data center approval can matter almost as much as an earnings report. That makes sense when electricity and physical capacity are the scarce resources limiting how quickly companies can turn AI demand into revenue.
Nebius Group (NASDAQ:NBIS | NBIS Price Prediction) has been one of the clearest examples. The company expects to finish 2026 with 800 megawatts (MW) to 1 gigawatt (GW) of connected power, up from roughly 170 MW of active power at the end of 2025. That makes every major data center approval important — and helps explain one of the more unusual Wall Street price target changes this year.
A Price Target Cut That Lasted Only One Week
DA Davidson analyst Gil Luria cut his Nebius price target from $250 to $175 last week while maintaining a Neutral rating. That represented a 30% reduction in his valuation. One week later, Luria reversed course and restored the $250 target.
The reason wasn’t a new earnings report or a dramatic change in Nebius’ financial guidance. It was Vineland, New Jersey.
DA Davidson said the approval of the Vineland data center removed a “significant risk” for Nebius. He had initially expected there to be a delay with the project’s approval by local authorities, but with that uncertainty now gone, Luria said the company could return to construction rather than become a “poster child” for data center delays.
That’s a remarkable swing, but the underlying logic is easier to understand once investors look at what Vineland represents.
One approval, a 30% swing, and a $3 billion revenue goal on the line—welcome to the high-stakes world of AI infrastructure execution.
Vineland Is Huge Relative To Nebius
The Vineland project is planned for around 300 MW of capacity. Against Nebius’ 800 MW to 1 GW year-end connected-power target, that single site represents 30% to 37.5% of the entire amount the company expects to have connected by the end of 2026.
Put differently, Vineland isn’t just some random location on Nebius’ data center map, but rather the heart of it, representing potentially more than one-third of this year’s capacity target.
And capacity is the engine behind Nebius’ financial ambitions. The company expects 2026 revenue of $3 billion to $3.4 billion and year-end annualized recurring revenue of $7 billion to $9 billion.
Nebius also isn’t building capacity merely to admire the concrete. It has already signed major commitments with customers including Microsoft (NASDAQ:MSFT) and Meta Platforms (NASDAQ:META), creating a path to monetize the infrastructure as it comes online.
That makes delays particularly painful. Every delayed megawatt is potentially delayed revenue.
The Bigger Investment Thesis Is Capacity
To put Luria’s about-face into perspective, Nebius had already raised its contracted-power target above 3 GW for 2026, while maintaining the 800 MW-to-1 GW connected-power target. The distinction matters: contracted power is capacity secured for future use, while connected power is attached to completed infrastructure that can actually support GPU deployment.
That gap is where execution risk lives. CoreWeave (NASDAQ:CRWV), the closest publicly traded comparison, has pursued a similar strategy of locking up massive amounts of power and data-center capacity to serve hyperscaler customers. DA Davidson’s latest note explicitly said the restored $250 target reflects a premium to comparable CoreWeave.
Granted, the $250 target doesn’t mean Luria suddenly believes every risk has disappeared. He kept the Neutral rating because Nebius shares had already moved ahead of the Vineland hearing.
Key Takeaway
In short, DA Davidson’s whipsaw isn’t as irrational as it first appears. The firm wasn’t changing its view of Nebius’ entire business every seven days. It was repricing one critical execution risk — and then removing it when Vineland received approval.
For investors, that’s the more important lesson. A 300 MW project represents fully one-third of Nebius’ 2026 connected-power goal. Getting Vineland approved therefore removes a bottleneck that could have impaired the company’s ability to deliver its $3 billion to $3.4 billion revenue target.
Ultimately, the $250 target is less interesting than what it tells investors: Nebius’ biggest risk isn’t a lack of AI demand. It’s converting enormous demand into powered, operational data centers fast enough to capture it. Vineland is a meaningful step in that direction.
Contact [email protected] for any questions or corrections.
Kirkland Lake Discoveries oznámila, že na KL West identifikovala tři mineralizační systémy a několik prioritních vrtných koridorů pro další průzkum. Nejvyšší obsah zlata byl 5,57 g/t Au na 1,13 m ve Winnie Lake.
Toronto, Ontario--(Newsfile Corp. - August 18, 2026) - Kirkland Lake Discoveries Corp. (TSXV: KLDC) (OTCQB: KLKLF) ("KLDC" or the "Company") announces receipt of the complete gold and multi-element analytical dataset from the KL West diamond drilling campaign completed on April 1, 2026. The program comprised 65 drill holes totalling 19,161.9 m and 9,616 original drill-core samples.
Integration of the analytical data with geological logging, alteration, mineralization, structural interpretation and regional geophysics has identified multiple fertile hydrothermal systems and established a district-scale framework for vectoring toward higher-priority discovery opportunities.
Highlights
Completed 65-hole, 19,161.9-metre district-scale drill campaign across 10 target areas
Identified three distinct mineralizing systems across KL West, with multiple independent discovery opportunities
Gold mineralization confirmed across multiple target areas, including:
5.57 g/t Au over 1.13 m (Winnie Lake)
1.41 g/t Au over 3.40 m (Wolverine Bend)
1.87 g/t Au over 0.80 m (Wolverine Bend)
38 holes intersected signatures associated with intrusion-related gold systems
27 holes intersected polymetallic signatures associated with VMS-style systems
Multiple priority drill corridors now identified for follow-up exploration
The importance of this program extends well beyond any single drill intersection," said Stefan Sklepowicz, Chief Executive Officer of KLDC. "Our regional targets repeatedly intersected the same fertile hydrothermal signatures along kilometre-scale corridors, giving us a much clearer understanding of the mineralizing system across the property. We can now see where the system is distal, where it becomes more focused and where gold, copper and critical-metal associations coincide. This property-wide understanding provides a more predictive framework for ranking our next generation of drill targets and reinforces the potential for multiple discoveries across KL West."
Exploration Model Update
KLDC is actively incorporating the final analytical results into QGIS and Leapfrog workflows. The next phase of work will focus on:
Refining three-dimensional targeting models and regional prospectivity maps
Prioritizing of the highest-confidence drill targets using the integrated vectoring framework
Drilling at Winnie Lake and expansion drilling along the Wolverine Bend alteration corridor
Testing potential feeder and intrusive-centre targets at Cross Roads and Nine Mile
Following the polymetallic signatures at Sharp Target and Hammerhead toward potential feeder zones
What 19,000 Metres of Drilling Achieved
The completed program has converted a collection of largely independent targets into a property-scale exploration framework. KL West can now be evaluated as a district-scale project with multiple independently testable discovery opportunities.
Table 1 - From Scattered Targets to a District-Scale Story
Exploration questionBefore the programTodayDistrict controlsLimited understanding of property-scale controlsThree recurring mineral-system signatures recognizedTarget contextTargets evaluated largely in isolationTen target areas assessed within one regional frameworkMineralized footprintIndividual occurrences and anomaliesMultiple hydrothermal and mineralized corridors identifiedPredictive modelNo property-wide vectoring modelIntegrated property-scale vectoring framework establishedFollow-up focusBroad regional target testingSeveral priority targets advanced toward focused follow-up drillingMineralization Systems at KL West
Integrated interpretation indicates that KL West hosts at least three distinct mineralizing environments.
1. Polymetallic VMS-Style Systems (Winnie Lake, Sharp Target, Hammerhead)
Footprint: 5.2 km east-west by 6.6 km north-south.
Pathfinders: Cu-Zn-Ag-Pb-Ba-S.
Highlight Maximum Values: 5.878% Cu and 93.6 g/t Ag (KLD25-35); 9,350 ppm Pb (KLD25-46); 8,580 ppm Ba (KLD26-54); database maxima of 10,000 ppm Zn and 10% S.
2. Intrusion-Related Gold Systems (Winnie Lake, Wolverine Bend, Nine Mile, Cross Roads)
Footprint: 3.1 km east-west by 7.0 km north-south.
Pathfinders: Au-Bi-Te-Mo-W.
Highlight Maximum Values: 5.57 g/t Au (KLD26-52); 6,880 ppm Bi (KLD26-48); 26.9 ppm Te (KLD26-68); 6,600 ppm Mo and 1,800 ppm W (KLD26-61).
Note: Ongoing geological modelling is evaluating the structural architecture, intrusive contacts and the potential relationship between identified syenite intervals and mineralization within these target areas.
3. Structurally Controlled Gold Systems (Leahy-Queenston, Cougar, Wolf, Moosehead)
Footprint: Broad structural corridors over an east-west extent of 6.2 km.
Pathfinders: Au-As-Sb-Bi-Te.
Highlight Maximum Values: 0.221 g/t Au and 77.8 ppm As (KLD26-86); 3.79 ppm Sb (KLD26-80); 278 ppm Bi (KLD26-91); 3.47 ppm Te (KLD26-86).
Figure 1 - Conceptual illustration of how multi-element assemblages and alteration are used to distinguish distal, transitional and proximal portions of the KL West hydrothermal systems.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5701/310167_fa9212aef47afb38_001full.jpg
Gold Mineralization Across Multiple Target Areas
Gold mineralization is distributed across both the initial 2025 discovery holes and the broader 2026 regional campaign. The final database includes newly calculated intervals at Winnie Lake, Wolverine Bend and Hammerhead that complement previously released intersections.
Table 2 - Selected gold composite intervals from the KL West database
Drill HoleTargetFrom (m)To
(m)Interval (m)Au (g/t)KLD25-28Winnie Lake20.0028.208.200.312KLD25-31Winnie Lake262.00265.753.750.435KLD25-32Winnie Lake261.00266.005.001.475KLD25-34Winnie Lake34.7436.151.410.612KLD25-35Winnie Lake14.6219.645.020.479KLD25-36Winnie Lake14.2018.904.700.621KLD25-39Wolverine Bend43.0649.346.280.617KLD25-40Wolverine Bend24.9533.208.250.863Including
26.0031.505.501.213KLD26-48Winnie Lake259.67262.903.231.580Including
259.67262.422.751.770KLD26-52Winnie Lake261.00262.131.135.570KLD26-55Winnie Lake60.8063.632.830.389KLD26-62Wolverine Bend201.20202.000.801.865KLD26-62Wolverine Bend217.00226.009.000.217KLD26-68Wolverine Bend271.15271.940.791.885KLD26-72Hammerhead195.45200.495.040.251KLD26-73Wolverine Bend222.88227.004.120.596KLD26-77Wolverine Bend16.5017.220.722.090KLD26-79Wolverine Bend242.40245.803.401.410KLD26-81Wolverine Bend81.0082.001.001.190New composites use a 0.20 g/t Au cut-off, up to 3.0 m of consecutive internal dilution, length-weighted averages and no top cut. Previously released intervals are reproduced as originally reported and may reflect their original reporting parameters. Intervals are core lengths; true widths are not known for all regional targets.
Priority Growth Targets
Review of the complete dataset has identified several areas for increased technical focus.
1. Winnie Lake - Most Advanced Target Area
Highest gold grade in the current KL West composite table: 5.57 g/t Au over 1.13 m in KLD26-52
Coincident intrusion-related gold and polymetallic VMS-style signatures
The campaign's largest drill database: 21 holes totalling 5,732.9 m
Evidence for more than one mineralizing event within the same broader corridor
Winnie Lake remains the most advanced target area at KL West and continues to demonstrate the scale, geological complexity and overlapping signatures expected in an evolving hydrothermal system.
2. Wolverine Bend - Emerging Gold Corridor
Large potassic-hematite alteration footprint
Multiple gold-bearing composite intervals within the current database
Target remains interpreted as open along strike and at depth
Wolverine Bend is a significant follow-up target generated by the regional campaign and provides a clear opportunity to test the continuity and geometry of the broader gold-related alteration corridor.
3. Cross Roads and Nine Mile - Potential Intrusive Source Area
Strong Mo-W response at Cross Roads, including database maxima of 6,600 ppm Mo and 1,800 ppm W in KLD26-61
Au-Bi-Te-Mo-W enrichment through the broader Cross Roads-Nine Mile corridor
Geochemistry and alteration consistent with high-temperature hydrothermal activity
Future drilling can test whether this area represents an intrusive source or fluid-focus centre related to mineralized corridors elsewhere at KL West.
Data Verification and Quality Assurance/Quality Control
The drill-hole database contains 9,616 original drill-core samples with final gold and multi-element analytical results. True widths are estimated at approximately 65% to 80% of reported core-length intervals where sufficient geological information is available. Assays are reported uncut except where otherwise indicated.
All NQ drill-core samples were submitted to ALS Laboratories in Ontario, Québec and British Columbia. Gold analyses used industry-standard 50 g fire-assay methods with an atomic-absorption finish, including Au-AA24. Selected samples were re-analyzed gravimetrically where warranted. Multi-element geochemistry used four-acid digestion followed by ICP-AES and ICP-MS determination, including ME-MS61; ore-grade overlimits used methods including Cu-OG62 and Zn-OG62.
Selected intervals were screened by portable X-ray fluorescence for rapid multi-element interpretation. These results are semi-quantitative and are not used to report compliant laboratory assays. Drill core was cut by diamond saw; half was retained for reference and half submitted for analysis.
Program design, QA/QC and interpretation were conducted by qualified persons using procedures consistent with National Instrument 43-101 and industry best practices. Certified reference materials and blanks were inserted at approximately one control sample per 20 samples. ALS also maintains an internal program of reference materials, blanks and duplicate analyses. KLDC reviews analytical certificates and control-sample performance before accepting results into the final ranked database.
Qualified Person
The technical information in this news release has been reviewed and approved by Benjamin Cleland, P.Geo., Vice-President Exploration, a Qualified Person as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
About Kirkland Lake Discoveries Corp.
Kirkland Lake Discoveries Corp. (TSXV: KLDC) (OTCQB: KLKLF) has assembled a 420-km² exploration portfolio in the Kirkland Lake region of Ontario's Abitibi Greenstone Belt, one of the world's most prolific mining districts. The Company's properties span key fault zones, geophysical anomalies and volcanic-sedimentary contacts within the Blake River Group, a highly prospective assemblage known to host gold and polymetallic massive-sulphide deposits.
With exploration permits in place, KLDC is positioned to advance a pipeline of drill-ready targets at KL South, KL West and KL East, supported by anomalous soil trends, historical mineral showings, geological interpretation and geophysical datasets.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release contains "forward-looking statements" within the meaning of applicable securities legislation. All statements other than statements of historical fact are forward-looking statements. Forward-looking statements include, but are not limited to, statements regarding the interpretation of geochemical signatures, the potential scale and continuity of hydrothermal systems, the effectiveness of the Company's vectoring and prospectivity methods, the prioritization and testing of future drill targets, the potential for additional discoveries and future exploration plans at KL West. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to differ materially, including exploration and drilling results; the reliability and interpretation of geological, geochemical and geophysical data; assay variability; the ability to obtain permits and financing; commodity prices; and general economic, market and business conditions. Geochemical anomalies, pathfinder-element associations and interpreted mineral-system signatures are exploration vectors and are not independently evidence of economically significant mineralization. There can be no assurance that forward-looking statements will prove accurate. Readers should not place undue reliance on them. The Company does not undertake to update forward-looking statements except as required by applicable securities laws.
Appendix A - KL West Drill Collars
Coordinates are NAD83 / UTM Zone 17N.
Stoke Therapeutics uvedla, že studie fáze III EMPEROR pro zorevunersen u Dravetova syndromu má 162 pacientů, nad cílem 150, a dosud žádné výpadky. Primárním cílem je snížení záchvatů ve 28. týdnu.
Stoke Therapeutics NASDAQ: STOK said its Phase III EMPEROR study of zorevunersen for Dravet syndrome has enrolled 162 patients, exceeding its target enrollment of 150, with no patient discontinuations reported to date.
Speaking at a Canaccord Genuity event, Chief Executive Officer Ian Smith said the sham-controlled trial is evaluating zorevunersen in patients who are already receiving stable background anti-seizure medications. The study’s primary endpoint is seizure reduction at week 28, while secondary assessments at week 52 include measures of cognition and behavior.
Smith said 145 of the 162 enrolled patients have passed week eight, approximately 80 have reached week 24, and 60 have completed the week-28 primary endpoint. Patients receive two 70-milligram doses by week eight, followed by two 45-milligram doses during the 52-week study period, according to Smith.
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Trial Design and Retention The company had incorporated a 15% discontinuation assumption into the trial design, partly because the control arm includes a sham lumbar puncture procedure. Smith said the absence of dropouts so far reflects both trial execution and the drug’s tolerability profile, while noting that some patient retention may also relate to the availability of an open-label extension in which participants can receive treatment after the controlled portion of the trial.
“The drug must be well-tolerated to date. Otherwise, we would have seen dropouts related to the drug,” Smith said. He added that Stoke remains blinded to the trial data.
Stoke expects to provide another update on the EMPEROR study toward the end of the third quarter, Smith said.
Measuring Effects Beyond Seizures Smith said the U.S. Food and Drug Administration granted breakthrough therapy designation for zorevunersen for the treatment of Dravet syndrome, based on data involving both seizure reductions and outcomes from the Vineland adaptive behavior assessments in earlier studies and an open-label extension.
While EMPEROR’s primary endpoint focuses on seizures, the study is also designed to assess cognitive and behavioral changes through the Vineland-3 assessment. Smith said the measures include receptive and expressive communication, motor skills, interpersonal skills and social functioning.
The trial is powered around the receptive communication endpoint, with Stoke seeking a two- to three-point treatment benefit versus natural history, Smith said. He said natural-history data suggest that patients generally do not gain function over time.
Smith said prior long-term open-label data showed continued gains in cognitive and behavioral measures over four years, in addition to seizure reduction. He described examples of children progressing from non-verbal to verbal or becoming more ambulatory, though these outcomes were discussed in the context of the company’s prior data rather than results from the ongoing Phase III trial.
On seizure reduction, Smith said the Phase III study was powered for a roughly 40% to 45% treatment difference. In prior Phase I/II studies and the open-label extension, he said patients in the higher-dose group experienced seizure reductions of 70% to 80% while receiving zorevunersen on top of standard anti-seizure therapies.
Jason Hoitt, Stoke’s chief patient officer, said persistent seizures remain the primary unmet need cited by caregivers and physicians treating Dravet syndrome, followed by quality-of-life and neurocognitive concerns. He added that seizure reduction is also an important consideration for payers.
Regulatory Submission Plans Smith said Stoke anticipates beginning a rolling New Drug Application submission in the first quarter of 2027, pending discussion with the FDA at a planned pre-NDA meeting. The company expects to complete the submission in the third quarter of 2027 after completion of the EMPEROR trial.
The company plans to submit chemistry, manufacturing and controls information first, followed by preclinical materials and then clinical data, Smith said. He said Stoke intends to discuss inclusion of its long-term open-label data in the eventual product label as part of its pre-NDA discussions with regulators.
Hoitt said the company has conducted payer research on the potential value proposition for zorevunersen. According to Hoitt, payers indicated that long-term safety and efficacy data would be among the most compelling evidence for a chronic treatment if the therapy reaches approval.
Additional Programs and Biogen Partnership Beyond Dravet syndrome, Stoke is developing a treatment for autosomal dominant optic atrophy, or ADOA, a genetic disease associated with progressive vision loss. Smith said the company’s Phase I/II OSPREY study is a single-dose, dose-escalation study targeting the OPA1 gene.
The study will assess potential changes in vision using low-contrast visual acuity and fluorescent fundus autofluorescence measures. Smith said Stoke expects potential efficacy data from the third and fourth cohorts in the first half of 2027. If the results support further development, the company expects to discuss a potential registrational study with the FDA.
Smith also discussed Stoke’s partnership with Biogen for territories outside North America. He said the collaboration, which has been in place for roughly 18 months, was designed to expand the company’s capabilities beyond North America and cited Biogen’s experience with antisense oligonucleotide therapies, manufacturing and international commercial footprint.
About Stoke Therapeutics (NASDAQ:STOK)Stoke Therapeutics, headquartered in Bedford, Massachusetts, is a clinical-stage biopharmaceutical company focused on developing genetic medicines to upregulate protein production for the treatment of rare neuromuscular and neurological disorders. Founded in 2014, the company applies its proprietary Targeted Augmentation of Nuclear Gene Output (TANGO™) platform to design antisense oligonucleotides that selectively modulate RNA splicing and enhance expression of functional proteins.
The company's lead program, STK-001, is an antisense oligonucleotide therapy designed to increase production of the sodium channel protein SCN1A and is currently in clinical development for Dravet syndrome, a severe childhood-onset epilepsy.
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Should You Invest $1,000 in Stoke Therapeutics Right Now?Before you consider Stoke Therapeutics, you'll want to hear this.
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Tesla, Nvidia, and Google helped shape the last era of market growth, but the next wave could come from a new group of companies. Inside this report, you’ll find 7 stocks that could play a major role in the next tech-driven market boom.
Target má ve středu ráno oznámit hospodářské výsledky; trh čeká pohyb ceny akcií až o 7 % do konce týdne. Odhady počítají s tržbami 26,15 mld. USD a ziskem 2,31 USD na akcii.
Key Takeaways
Target is set to report earnings Wednesday morning, with traders expecting the stock could swing up to 7% by the end of the week.Sales and profits are projected to have grown in the second quarter, as new CEO Michael Fiddelke works to turn around the business.
Target is due to report earnings Wednesday morning, with the retailer’s stock seen potentially extending its recent rally following the results.1
Current options pricing suggests traders expect Target (TGT) shares could swing up to 7% in either direction by the end of the week. A move of that size from Monday’s close could see the stock rise as high as $161, or slip back to $141, giving up some of this year’s gains.
Target shares have surged over 50% since the year began, as investors bought into Target’s turnaround plan under new CEO Michael Fiddelke, who took over the top job at the retailer in February.
Why This Matters to Investors
Wednesday’s results will provide investors with the latest update on Target’s turnaround effort.
Ahead of the results, UBS analysts lifted their price target for the stock to $166 from $144, writing they expect Target’s second-quarter results to “provide the next important proof point that the recovery is becoming more durable.”2 Oppenheimer analysts also recently lifted their target to $170 from $140, telling clients they’ve been “encouraged by the consistent and better in-store execution across geographies and a clear step-up in newness throughout the store.”3
Target is expected to report second-quarter revenue of $26.15 billion, up about 4% year-over-year, along with earnings of $2.31 per share, up from $2.05 the same time a year ago. Comparable store sales growth is seen coming in around 2.6%, which would mark a second straight quarter of gains after the metric fell in all four quarters of 2025.
Still, analysts have hesitated to recommend buying the stock. Of the 10 analysts tracked by Visible Alpha, just three have “buy” ratings, compared to six neutral ratings, and one “sell” recommendation. The stock has already overtaken their mean target of $145 with its recent gains.
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Target jmenoval svého prvního šéfa pro AI, aby sjednotil AI strategii a podpořil růst i efektivitu provozu. Firma už nasazuje generativní AI pro nákupy a řízení zásob.
The retail giant Target (TGT -0.93%) doesn't want to be left behind in the artificial intelligence revolution. To keep up with the ever-evolving technology landscape, the company has hired its first-ever Chief AI Officer, Chandhu Nair. The hope is that Nair will develop a cohesive AI strategy to boost Target's growth and improve operational efficiency.
The main responsibilities of the role will be to tie together Target's AI initiatives to improve the shopping experience and more efficiently manage inventory. Target has had a rough few years amid declining foot traffic and consumer backlash regarding DEI policies.
Image source: Getty Images.
Target has already begun investing in generative AI tools, including Target Trend Brain, which can identify future style, color, and material trends. Target also launched an AI chat assistant last holiday season that helped shoppers find gifts.
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Rivals such as Walmart (WMT -0.56%) are also investing in AI, so Target needs a smart strategy to keep pace.
This is all part of a greater effort to turn around a struggling Target. The company's multi-year strategy includes up to $5 billion in investments to improve growth through modernization. Target's stock has rebounded substantially in 2026, up more than 55% as of this writing. Still, over five years, the stock is down 40%. In the first-quarter earnings report, Target reported a 6.7% increase in net sales, well above company expectations.
The turnaround thus far seems to be working, and appointing a Chief AI Officer should expedite the strategy. If Nair is successful in his endeavor, I'd expect the Target turnaround to not only continue but perhaps accelerate as we head into the holiday shopping season.
Catie Hogan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Target and Walmart. The Motley Fool has a disclosure policy.
