Market Signal Briefing

Unlike Bitcoin, XRP has fallen 31% in two months while social metrics show FUD at its highest level since October, conditions that could set the stage for a rapid, double-digit rally.

Brian Njuguna2 min read

8 December 2025, 02:50 PM

Source: ShutterstockIs XRP Poised for a Double-Digit Rally Amid Market Fear?XRP has grabbed attention amid market turbulence, dropping 31% over two months. Unlike Bitcoin, now facing peak fear, uncertainty & doubt (FUD) since October, XRP could be poised for a strong rebound.

Santiment data shows XRP’s market sentiment is hitting levels last seen on November 21, when the price surged 22% in just three days before profit-taking set in. 

Therefore, this historical pattern suggests XRP could be poised for a similar rapid move as investor sentiment swings between fear and optimism.

Source: SantimentSantiment’s social metrics reveal critical market dynamics for XRP. Red Circles highlight days when bullish commentary sharply outweighs bearish sentiment, a “Greed Zone.” Green Circles indicate the opposite, a “Fear Zone.” Currently, XRP is nearing conditions seen before previous rapid rallies, with fear temporarily outweighing optimism.

Extreme sentiment often precedes major price moves. While fear can drive short-term selling, it can also set the stage for sharp rebounds. Despite a recent 31% drop, historical patterns suggest XRP could be poised for a potential double-digit rally.

Therefore, XRP is showing signs of a potential rebound as fear dominates social sentiment. Historical patterns hint at a possible double-digit rally, making sentiment indicators crucial for traders eyeing the next move as price hovers around the $2.10 mark.

ConclusionXRP’s market sentiment hints at a potential turning point. Fear now dominates social chatter, and past patterns show sharp rebounds from similar conditions, setting the stage for a possible double-digit rally. 

While profit-taking remains a risk, traders tracking sentiment and market activity may find a strategic opportunity to capitalize on XRP’s next move.

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Brian Njuguna

Brian Njuguna is a seasoned crypto journalist at Coinpaper, specializing in blockchain innovation, market trends, and regulatory developments. With a background in economics and years of experience covering the digital asset space, Brian delivers sharp, data-driven insights that cut through the hype. His reporting bridges global crypto narratives with emerging market perspectives, making complex topics accessible to a wide audience.

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Latest Cryptocurrencies News TodayXRP (Ripple) News

Summary

Bitcoin trades in a tight $91k–$92k band with market cap near $1.8 trillion and dominance around 58–60%.​
Price sits above the 200-day moving average but struggles to clear the $100k–$120k resistance zone as momentum indicators flatten.​
High open interest and positive funding show crowded leveraged longs, increasing liquidation risk if spot reverses.

Bitcoin (BTC) traded little changed around 91,500–92,000 dollars on Monday, with spot prices hovering near the upper end of their recent range and keeping the network’s market value close to 1.8 trillion dollars. The move left the asset consolidating near record territory, with derivatives positioning and prior failed breakouts tempering short‑term momentum.

Over the past 24 hours, BTC (BTC) changed hands between roughly 91,000 and 92,000 dollars, a tight band compared with recent swings. Market data providers show daily trading volumes fluctuating between about 25 billion and 56 billion dollars, implying low single‑digit float turnover relative to the asset’s near 1.8 trillion‑dollar market capitalization. Bitcoin’s circulating supply is just under 20 million coins against a fixed maximum of 21 million, reinforcing its low‑inflation profile.

Bitcoin stuck around $90k
Spot liquidity remains concentrated on large centralized exchanges, with tether‑denominated pairs capturing a substantial share of turnover while smaller venues handle limited flow. That structure, combined with relatively thin order books at higher price levels, leaves the market vulnerable to slippage when large orders hit support or resistance zones. Bitcoin (BTC) continues to anchor broader crypto trading, with its dominance fluctuating around the 58–60% band of total digital‑asset market capitalization.ainvest+4​

On technical measures, Bitcoin trades above its 200‑day moving average, keeping the long‑term trend constructive, but it has struggled to sustain moves through a broad 100,000–120,000 dollar resistance region flagged by multiple chart studies. The 50‑day average still points higher, while shorter‑term averages such as the 20‑day have converged toward spot, signaling loss of upside momentum. Recent readings from common oscillators, including RSI and MACD, sit in neutral to mildly positive territory and have flattened after prior bullish signals, consistent with consolidation rather than a fresh breakout.

Derivatives metrics show elevated but stable open interest in Bitcoin futures across major venues, with notional positions in the billions of dollars. Funding rates and futures basis tend to flip positive near the top of the recent range, indicating a tilt toward leveraged long exposure and raising the risk of long liquidations if prices retreat. High open interest alongside comparatively muted spot turnover suggests a market heavily influenced by derivatives traders rather than underlying spot demand.

The latest price action comes against a backdrop of shifting dominance dynamics, as recent data show Bitcoin’s share of total crypto market value edging down from peaks while capital rotates into select altcoins. No single headline catalyst appears to explain the most recent intraday moves on major price‑tracking platforms. Bitcoin and related crypto assets remain highly volatile instruments, and past performance does not indicate future results; prices and liquidity conditions can change rapidly, particularly in markets with significant leverage and concentrated trading activity.

TL:DR:

Four critical US economic releases in early December covering inflation, jobs, consumer, and industrial data could steer Bitcoin sentiment sharply.
Strong data may boost risk appetite and drive demand for crypto. Weak figures could spur a flight to safety and trigger outflows.
Interest‑rate expectations and resulting market volatility will likely respond aggressively to the data, making the week pivotal for Bitcoin’s near‑term trajectory.

As the calendar flips to December, crypto investors are sharpening focus on four key U.S. economic data releases that could dramatically influence sentiment around Bitcoin. With markets already touchy and the macro backdrop uncertain, these numbers may determine whether Bitcoin rides toward fresh highs or dives under renewed pressure. These upcoming reports carry weight because they may redefine investor expectations for interest‑rate policy, inflation, and economic momentum, all major drivers of crypto demand and risk tolerance.

Why These Four Economic Events Matter for Bitcoin
Labor and inflation data could shift the scale on risk appetite. Among the releases are reports on jobless claims and inflation measures, which many traders consider barometers of economic health. Strong data may embolden risk‑on sentiment, possibly boosting demand for Bitcoin as an alternative asset. But weak outcomes could renew fears of economic slowdown, pushing investors toward safer holdings.

Industrial and consumer data offer clues on real economy resilience. Reports on manufacturing and services PMI, retail sales, and other measures will help gauge how deeply consumer demand and business activity are holding up. A healthy real‑economy reading could underpin confidence in risk assets like crypto. Signs of weakness might erode it.

Expectations around interest‑rate policy are being recalibrated. The data will likely factor heavily into the Federal Reserve’s internal debate over future moves. If inflation remains stubborn or employment stays strong, rate‑holders may resist looser monetary policy. That stance typically strengthens the dollar and burdens crypto valuations.

Volatility could return quickly as traders reset positions around data. With uncertainty high, each print carries the potential to trigger sharp reactions. For Bitcoin, that might mean price swings larger than usual as markets price in shifting macro risks. Active traders may see opportunity, but long‑term holders could face added turbulence.

In short, these releases don’t just offer economic updates, they may reset the stage for the next major crypto move. For anyone holding or trading Bitcoin, the coming week demands attention. Expect headlines, brace for volatility, and watch closely how macro signals align.

The inquiry focused on the legality of Ondo’s tokenization of US Treasury products and the classification of ONDO tokens.

Key Takeaways

The SEC has ended a two-year investigation into Ondo Finance, allowing it to expand its tokenized asset operations in the US.
Ondo Finance specializes in tokenized securities and enables global investors to access US stocks and ETFs via blockchain.

The US SEC has concluded a two-year investigation into Ondo Finance, a platform specializing in tokenized securities and assets on blockchain networks, without filing charges, clearing regulatory uncertainty and permitting the company’s further US expansion, according to Crypto In America.

The probe, initiated in October 2023, examined Ondo’s compliance with US securities laws in tokenizing Treasury products and ONDO tokens. Formal notice was given in November.

The resolution addresses ongoing discussions in the US regarding the regulation of tokenized assets. Ondo Finance enables on-chain access to US stocks and ETFs for global investors through blockchain networks.

The company has submitted guidance to the SEC advocating for clear regulations on digital asset securities to support compliant tokenization in the US. The recommendations include clarifying rules for tokenized treasuries and supporting both permissioned and permissionless blockchains.

Under SEC Chair Paul Atkins, most crypto cases have been closed, reversing prior Biden-era actions. Ondo is now set to expand in the US after registering as an investment advisor and acquiring Oasis Pro Markets, with new offerings expected at its February 3 Ondo Summit in New York.

Disclaimer

Bitcoin, Ethereum and XRP inched higher in early Asian and London trading on Monday, extending last week’s fragile rebound as traders brace for a crucial Federal Reserve rate decision and fresh US jobs data.

Bitcoin is hovering around 91,700 dollars, up about 1.5 percent on the day, Ethereum is holding above 3,120 dollars, and XRP trades near 2.09 dollars, all recovering modestly from their late-November lows.

The broader tone remains cautious. Liquidity is thin, funding markets are tight, and risk appetite is still healing from October’s leverage wipeout, but traders are beginning to position for a potential policy shift later this week.

Bitcoin Price Today: BTC Edges Back Above $91,000 as Traders Reset for Fed Week
Bitcoin has climbed steadily from the 85,000 dollar floor it tested earlier this month, supported by a calmer derivatives market and renewed expectations that the Fed could deliver a rate cut before year-end.

A sharp drop in early November wiped out nearly 18 percent of BTC’s value for the month, plus tens of billions in leveraged positions, leaving market makers cautious across Asia and Europe. That hangover is still visible in today’s trading range.

Nic Puckrin, co-founder of Coin Bureau, summed up sentiment in a note:

We’re not out of the woods yet, but December may be shaping up to be a far better month than its predecessor, and a Santa rally is certainly not off the cards.”

Noted Nic Puckrin, co-founder of Coin Bureau.
Bitcoin Chart Analysis
BTC/USD is trading near 91,700 dollars, trying to stabilise above the lower boundary of its recent weekly range. Immediate support sits near 90,000 dollars, which has acted as a short-term floor after last week’s drop.

On the upside, the first resistance zone appears around 94,000–95,000 dollars, where price previously stalled. A clean break above 98,000 dollars would confirm stronger recovery momentum ahead of Wednesday’s Fed decision, potentially opening the door for a move back toward the psychological 100,000 zone.

BTC/USD weekly chart illustrating Bitcoin recovering toward the 92,000 dollar zone with RSI stabilising near mid-range levels. Created on:TradingView
In my view, Bitcoin is behaving like a market waiting for permission. If the Fed signals confidence in the disinflation trend, BTC could finally break out of its tight range.

Ethereum Price Today: ETH Outperforms Majors but Still Faces Resistance
Ethereum is showing relatively stronger momentum, up more than 2 percent on the day near 3,130 dollars. The asset has now risen over 10 percent in the past week, narrowing the gap created by October’s downturn.

ETH sentiment was supported last week as developers completed the Fusaka hard fork, introducing upgrades aimed at improving scalability and validator performance. That technical progress has helped cushion volatility ahead of the Fed meeting.

Ethereum (ETH) Weekly Chart Analysis
Ethereum is showing a steadier structure than BTC, trading around 3,160, after reclaiming its major 2,770 support zone. The weekly RSI near 53 suggests improving momentum, hinting that buyers are cautiously returning after November’s broad market pullback.

Upside resistance is clustered near 4,800, where ETH was rejected multiple times in 2025. If bulls maintain control above 3,000, ETH could target a move toward 3,500–3,800 in the short term. A breakdown below 2,770 would invalidate the recovery and expose ETH to lower supports.

ETH/USD weekly chart illustrating Ethereum rebounding from the 2,770 dollar support region. Created on: TradingView
XRP Price Today: XRP Climbs Above 2 Dollars as Traders Rotate Back Into Majors
XRP is up 2.14 percent today at 2.09 dollars, benefiting from the broader market’s stabilisation and lighter weekend liquidity. The token continues to hold firm above 2 dollars, an area that previously acted as a pivot during market pullbacks.

While flows into XRP remain modest compared to earlier this quarter, the asset is tracking Bitcoin’s recovery and showing signs of steady accumulation.

XRP (XRP/USD) Chart Analysis Today
XRP trading around 2.10 dollars, hovering just above the 1.99 dollar support level that has repeatedly kept the downside in check. For now, the structure stays neutral, with the first resistance zone near 2.70 dollars, which capped every rebound attempt through November.

A daily close above that area would signal improving momentum and open the way towards the 3.00 dollar psychological barrier. Losing the 1.99 dollar floor, however, could expose a deeper dip as liquidity remains thin across altcoins this week.

XRP/USD daily chart illustrating XRP holding above the 1.99 dollar support level while repeatedly failing to clear the 2.70 dollar resistance zone. Created on: TradingView
What Crypto Traders Should Watch This Week
The next 72 hours are macro-heavy and could dictate the path for all three top crypto assets.

Key catalysts:

Final Federal Reserve rate decision of the year
US non-farm payrolls and jobless-claims data
Market liquidity conditions as year-end approaches
Ongoing rotation between gold, silver and Bitcoin as macro hedges

A decisive rate signal from the Fed could finally kick crypto out of its narrow consolidation and determine whether December becomes a recovery month or another sideways grind.

Top Crypto Prediction: Bitcoin, Ethereum and XRP Outlook
The Top Crypto Prediction for Bitcoin, Ethereum and XRP remains cautiously optimistic as markets head into a data-heavy week. Bitcoin is attempting to hold above the 91,000 zone, Ethereum is stabilising near 3,100, and XRP is gaining modestly from its recent lows.

If macro conditions improve and liquidity returns, all three could extend their rebound into mid-December. But if support levels fail, the market may slip back into a defensive phase, keeping traders focused on the Fed decision, US jobs data and volatility signals before committing to fresh positions.

Why is Bitcoin rising back above $92,000 today?

Bitcoin is climbing as traders position ahead of the Fed rate decision and jobs data, with improving liquidity and steadier sentiment lifting BTC above $92,000.

Can Bitcoin break above the $94,000–$95,000 resistance this week?

BTC is pushing toward the key resistance band, but a breakout will likely depend on ETF inflows and whether the Fed signals a clear path toward rate cuts.

What is the outlook for Ethereum and XRP as Bitcoin strengthens?

Ethereum is outperforming majors due to strong network activity, while XRP is stabilising near support, with both expected to follow Bitcoin’s direction around major macro events.

This article was originally published on InvestingCube.com. Republishing without permission is prohibited.

The Shiba Inu burn rate has experienced a 88.07% decline over the past 24 hours. This sharp drop comes as cryptocurrency traders adopt a wait-and-see approach before critical central bank meetings this week.

Data from Shibburn reveals that only 4,103,799 SHIB tokens were removed from circulation in the last day. This figure represents a substantial decrease from the previous day's burn of 34,397,753 SHIB tokens. The reduced burning activity has directly contributed to the steep decline in the daily burn rate.

Despite the daily setback, the weekly burn rate tells a different story. Over the past seven days, 96,746,621 SHIB tokens have been burned. This marks a 3.45% increase compared to the previous week. The ongoing burn mechanism continues to reduce the total supply of Shiba Inu, which now stands at 589,246,109,943,196 SHIB tokens.

Central Bank Decisions Take Center StageCryptocurrency markets opened slightly higher on Monday, tracking gains in Asian equity markets. Investors are positioning themselves ahead of several major central bank policy announcements scheduled for this month.

The Federal Reserve will announce its policy decision on December 10. Market participants have largely priced in expectations for a 25-basis-point interest rate cut. The CME FedWatch tool indicates that traders are assigning an 87% probability to this outcome when the central bank wraps up its two-day meeting.

Additional central bank meetings will follow in quick succession. The Bank of England is scheduled to announce its policy decision on December 18. The Bank of Japan will conclude the year with its policy statement on December 19.

These monetary policy decisions carry significant weight for cryptocurrency markets. Interest rate changes affect liquidity conditions and risk appetite across all asset classes. Lower rates typically support higher valuations for speculative assets like cryptocurrencies.

SHIB Price Shows Weekly GainsShiba Inu traded at $0.000008495 at the time of reporting, suggesting a 0.81% gain in the last 24 hours. The token has registered a 6% gain over the past week, reflecting broader positive sentiment in cryptocurrency markets.

SHIB price chart, Source: CoinMarketCap

However, market observers note that caution remains prevalent among traders. Without new catalysts or increased liquidity, the potential for price declines persists. The upcoming Federal Reserve meeting could serve as a catalyst for renewed market activity.

Coinbase Derivatives launched 24/7 trading for monthly altcoin futures on December 5. This development allows traders continuous access to various cryptocurrency assets, including Shiba Inu. The round-the-clock trading capability removes previous time restrictions on futures contracts.

The exchange plans to expand its Shiba Inu offerings further. U.S. Perpetual Style Futures for SHIB will become available on December 18. These perpetual contracts differ from traditional futures by having no expiration date. Traders can maintain positions indefinitely without rolling over contracts.

Staking rewards from BlackRock’s new Ethereum ETF will be distributed to shareholders, while measures address liquidity, security, and regulatory concerns.

Key Takeaways

BlackRock's new iShares Staked Ethereum Trust ETF will stake 70% to 90% of its Ethereum holdings.
Staking rewards will be distributed to shareholders, with Coinbase Custody and Anchorage Digital Bank serving as custodians.

BlackRock plans to stake most of its Ethereum holdings through a new exchange-traded fund structure, according to a filing with the Securities and Exchange Commission.

The iShares Staked Ethereum Trust ETF seeks to stake 70% to 90% of its Ethereum holdings under normal market circumstances, the filing shows. The product will hold Ethereum and distribute staking rewards, minus fees, to shareholders at least quarterly.

The trust will use third-party staking service providers selected by the Ether Custodian to operate validators. Coinbase Custody Trust Company will serve as the primary custodian, while Anchorage Digital Bank has been added as an alternative custodian.

The trust may reduce staking if the sponsor determines the activity raises regulatory concerns or risks the trust’s grantor trust tax status. Shares will trade on Nasdaq under the ticker symbol ETHB.

This is a developing story.

Disclaimer

Strategy (MicroStrategy) has acquired 10,624 BTC for $962.7 million at an average price of $90,615 per bitcoin.

The purchase has been financed with proceeds from common equity ATM (an “at-the-market-offering”) and STRD preferred sales

Its total holdings to 660,624 BTC with an average acquisition cost of $74,696 per bitcoin.

The December purchase is the largest in Q4, surpassing the Nov. 17 buy (8,178 BTC) and dwarfing the smaller weekly tranches (168–525 BTC in October/November).

In fact, this is the largest Bitcoin buy announced by the Virginia-based business intelligence firm. 

Bitcoin remains unmoved  However, the mammoth purchase has had little impact on the Bitcoin price, which is still sitting just below $92,000. 

MSTR is up by 3% in pre-market trading following the recent announcement. 

A new market thesis is grabbing attention.

Author and industry expert Shanaka Anslem Perera says the Bitcoin cycle didn’t break this time, but flipped instead. And if he’s right, the bear market everyone is waiting for may already be behind us.

A Different CyclePerera points to one unusual moment: Bitcoin broke its all-time high before the halving. That has never happened in any previous cycle.

To him, that was the key signal that the usual four-year rhythm had inverted.

He argues that 2024 wasn’t a bull run at all, calling it “political repricing.” In other words, investors were reacting to the possibility of a pro-crypto U.S. administration, not the start of a new crypto wave.

2025 Looks Like a Bear Market in DisguiseOn paper, Bitcoin near $90K shouldn’t feel bearish. But Perera says the signs are there:

Bitcoin dominance at multi-year highsAltcoins “bleeding to death”$3.5B in ETF outflows in a single monthA 29% correction from the October peakSentiment indicators stuck in fearA price that once sounded impossible now feels uncomfortable.

Bitcoin’s Demand Now Moves With the FedPerera believes the halving cycle was overtaken by macro. Once ETFs funneled institutional capital into Bitcoin, demand began tracking Federal Reserve liquidity instead of retail euphoria.

Some agreed with him, saying Bitcoin “outgrew its old cycle” the moment it entered mainstream financial plumbing. Others argued the narrative is compelling but not confirmed.

Looking Ahead to 2026Perera’s conclusion is straightforward: if the market already lived through its bear phase emotionally , even at high prices, the next major move could be the real blow-off top.

In his words: “The bear market is behind you. Act accordingly.”

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According to reports, a well-known crypto commentator/investor who goes by the handle Crypto X AiMan has sold all his Bitcoin and moved the proceeds into XRP. He says four reasons drove his decision, and the move has stirred debate across trading circles.

Investor Dumps Bitcoin For XRP
AiMan, who says he first bought Bitcoin when it traded at $3,000, told followers that legal clarity is the main reason for his shift. He pointed to a July 2023 court ruling by Judge Torres that found certain programmatic XRP sales were not securities.

According to him, that court decision gives XRP a different standing from many other tokens. He also noted that US regulators often treat Bitcoin as a commodity, a stance reiterated by former SEC Chair Gary Gensler. AiMan framed the court outcome as a rare, explicit legal test that favored XRP.

He highlighted another factor: Ripple’s large holdings. Based on company disclosures, Ripple holds close to 40 billion XRP, nearly 40% of the total supply. AiMan argued those reserves could support future use cases if Ripple or its partners chose to deploy the tokens for payments.

I just sold ALL my Bitcoin.

Yes, you read that right.

I went 100% all-in on XRP.

Here’s why:

XRP is the only crypto with legal clarity in the United States (won the SEC case, not a security).

Ripple owns ~40B XRP and is partnered with 300+ banks, central banks, and payment… pic.twitter.com/tRzpiKPas5

— Crypto X AiMan (@CryptoXAiMan) December 5, 2025

He called XRP faster and cheaper to move than Bitcoin, saying it is built for cross-border transfers — a point he used to contrast XRP’s utility with Bitcoin’s role as a store of value. He also ran through a market-size scenario.

Market analysts have projected the cross-border payments market at $250 trillion by 2027, and AiMan suggested that even a 1% share of that volume could mean big gains for XRP.

He admitted the trade is extreme: “If I’m wrong? XRP probably goes to zero, and I lose everything,” he said. He added that if he is right, the payoff would be huge.

XRPUSD currently trading at $2.09. Chart: TradingView
XRP’s Legal Advantage
Market reaction has been mixed. Based on reports from data providers, traders are taking large short positions against XRP. Coinglass figures show XRP with $15 million in shorts versus $0.6 million in longs — a roughly 96% short allocation and a shorts-to-longs ratio near 25 to 1.

For comparison, Bitcoin had $131 million in shorts and $70 million in longs; Ethereum showed $110 million shorts and $58 million longs. Despite heavy shorting, XRP has posted daily gains at times, according to recent price movements.

Source: Coinglass
Aggressive Shorts Dominate Positioning
Analysts say heavy short positions can indicate weak near-term sentiment. They also create technical risks, because a squeeze could push prices higher quickly if shorts are forced to cover.

That does not remove the core risks AiMan flagged and others raised: a big token allocation held by one company raises centralization concerns, and banks have not broadly shifted settlement rails to public tokens.

Bitcoin still has a market cap near $1.8 trillion and deeper liquidity, which many investors view as stability in a volatile market.

Featured image from Pexels, chart from TradingView

Binance Coin (BNB) has surged past key technical levels, confirming a breakout that has traders and investors closely monitoring the token’s next potential moves.

The price action reflects a combination of regulatory progress, technical momentum, and growing institutional interest in Binance Coin.

BNB coin price breakout
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BNB price has broken out of a multi-month falling wedge and, after retesting the upper boundary of the wedge on December 1, bounced decisively, confirming the breakout.

BNB coin price chart | Source: TradingViewThis bullish movement has been reinforced by the formation of a textbook Cup & Handle pattern identified by Token Talk on the 4-hour chart, signalling potential upward continuation toward $1,020 if the resistance “Red Zone” is cleared.

$BNB painting a textbook Cup & Handle pattern on the 4H.
The path to $1,020 is clear. Break that Red Zone for confirmation and a major run.

On the daily chart, the price has reclaimed the $900 level after bouncing from the 50-day SMA at $884, with the MACD histogram flipping positive for the first time since late November, further validating the strength of the breakout.

Trading activity also supports the rally, with 24-hour spot volume surging by 43% to $1.97 billion, highlighting that investors are actively participating in this upward movement.

Futures markets also reflect increased bullish sentiment, with the open interest rising by 1.5% to $1.4 billion following recent regulatory developments.

Why is the price of BNB crypto rising?
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Several fundamental factors are driving the current surge in BNB’s price.

A major catalyst was Binance securing full licensing from Abu Dhabi’s Financial Services Regulatory Authority (FSRA) on December 8, covering spot, derivatives trading, and custody services effective January 2026.

This is a BIG DEAL! (I almost never use CAPS 😆)
#Binance, the first to secure Global Licenses under ADGM
🔶Three licenses:
🔸exchange
🔸clearing house
🔸broker-dealer
🔶Global operations
🔶Full business coverage
🔶Top tier regulator
Onwards!
binance.com/en/blog/regula…

This licensing positions Binance as the first global crypto platform with a comprehensive license in the region, creating institutional gateways and fueling confidence in the market.

In addition to regulatory support, speculation around a VanEck Nasdaq spot BNB ETF has added momentum.

Unlike Bitcoin futures ETFs, the proposed fund would hold BNB directly, presenting a structural bullish catalyst.

While SEC approval remains uncertain due to the token’s prior legal history in the United States, the filing itself signals growing institutional interest.

Abu Dhabi’s treasury plans, which involve allocating $1.25 billion toward BNB holdings, further reinforce the narrative of institutional confidence driving the token’s demand.

Binance Coin price forecast: the key levels to watch
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Looking ahead, several price levels will be crucial for BNB’s trajectory.

The immediate support to watch is $899.94; maintaining above this level is essential to sustain bullish momentum.

If the token holds above $905 and eventually breaks past $933.01, analysts foresee a possibility of rising to the target, the next resistance at $1,054, with a more ambitious move toward $1,079 on the horizon.

The Cup & Handle pattern on shorter timeframes points to $1,020 as a near-term target if the resistance “Red Zone” is breached, aligning with Fibonacci projections and the recent swing highs.

On the downside, a failure to hold $899.94 could expose BNB to a decline toward $859.50, marking the next major support area.

Bitcoin (BTC) climbed 14.50% from its recent lows at $80,600, inching back toward $93,000 as traders are at odds between a “comeback” by the bulls or the start of a bear market.

Key takeaways:

Analysts say Bitcoin’s rebound is a bull trap, with risks extending to as low as $40,000.

Google Trends suggests a rally toward $97,000 before the correction continues.

BTC/USD daily chart. Source: TradingViewAmong those leaning bearish is CryptoBirb, who remained unconvinced, arguing that the current and upcoming Bitcoin price “rallies are for selling,” not signals of a renewed push toward widely cited year-end targets of $150,000 and beyond.

Bear flag hints at a 16% BTC price dip nextThe top arguments in favor of a Bitcoin bull trap mentioned a classic technical pattern dubbed the “bear flag,” a structure that, during downtrends, typically resolves with another leg lower.

Mister Crypto, Celeb Franzen, and several other analysts highlighted the bearish continuation pattern during Bitcoin’s recovery, with some noting that the BTC price can easily plunge toward $80,000.

Source: XA further examination of the bear flag revealed its technical downside target for December to be around $77,100, calculated by adding the previous downtrend’s height to a potential breakdown point near the $88,000 support.

BTC/USDT daily chart. Source: TradingViewThat is down about 16% from the current price levels.

Bitcoin can crash to $40,000 if 2021 fractal repeatsBitcoin’s current structure mirrors the 2021 cycle almost “exactly,” according to analyst Leshka.

He shared a BTC fractal that consisted of a repeating double-top formation, a sharp breakdown into cycle support, and a deceptive rebound that ultimately formed a bull trap before a more resounding crash.

BTC/USD weekly chart. Source: TradingView/LeshkaIn the 2021 analogue, that trap preceded a prolonged decline that cut BTC’s value in half. The 2025 fractal showed a nearly identical setup, with the price hovering within the same support band before an expected breakdown.

Leshka warned Bitcoin could revisit the $40,000 region in early 2026, a drop of more than 50% from current levels, if the pattern repeats.

Analyst Alex Wacy highlighted the same downside target, citing Bitcoin’s retreat from its multiyear ascending trendline resistance, which typically results in 70% drawdowns.

Source: XBitcoin “crowd is terrified again,” per Google TrendsLast week, Google searches for “Bitcoin bear market” on a five-year time frame hit their highest level on record, as highlighted by analyst AndrewBTC in his Monday post on X, who said the BTC “crowd is terrified again.”

Source: Google Trends/AndrewBTCHistorically, these fears appeared just ahead of BTC market selloffs.

For instance, in May 2021, when BTC hovered near $60,000 before a 50%-plus correction, and again in June 2022, around $26,000, as Bitcoin slid toward the then-cycle bottom of around $15,450.

BTC/USDT weekly chart. Source: TradingViewA spike in the “Bitcoin bear market” Google search trend in August also followed a downturn in the BTC price.

Bitcoin could easily rally toward the $97,000 zone next, but only to trap bulls, AndrewBTC warned, adding:

“Everyone will think the bull run is back, but it isn’t and bear market starts.”This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. While we strive to provide accurate and timely information, Cointelegraph does not guarantee the accuracy, completeness, or reliability of any information in this article. This article may contain forward-looking statements that are subject to risks and uncertainties. Cointelegraph will not be liable for any loss or damage arising from your reliance on this information.

Dogecoin (CRYPTO: DOGE) has slipped nearly 20% over the past month, but analysts say the meme coin is now approaching one of its strongest higher-time-frame support zones.

What Happened: Prominent analyst Kevin noted in his exclusive Patreon that DOGE is entering a major confluence zone between $0.138–$0.108, a 22% range filled with multiple long-term support signals:

The macro 0.382 Fibonacci retracement
The 200-week SMA
The 12-day 200 SMA/EMA
Long-term downtrend support from the previous cycle
The Oct. 10 wick low
If price breaks below this zone, Kevin flags $0.093 as the next major support, aligned with the macro 0.236 Fib from the 2024 correction.

He highlighted the 12-day timeframe as one of the most reliable higher-time-frame indicators in crypto, noting that neither Bitcoin (CRYPTO: BTC) nor Dogecoin broke below their 12D 200 SMA/EMA during the last bear market.

Also Read: Bitcoin At $92,000 As Ethereum, XRP, Dogecoin Start Monday Strong

What's Next: Kevin explained that Bitcoin is currently in a major correction (Day 132), and historically BTC corrections last 114–148–174 days.

This gives a greater than 50% probability that both BTC and DOGE form their cycle lows within the next 42 days, with bearish momentum expected to cool soon.

DOGE is statistically likely to bottom somewhere inside the 22% support zone.

Once a counter-trend rally begins, Bitcoin's ability to reclaim $97,000–$106,800 will determine the strength of the broader market recovery, the longer BTC stays below that range, the harder a full rebound becomes.

Read Next:

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TL;DR:

Harvard raised its Bitcoin exposure from $117 M to $443 M in Q3, doubling its investment relative to gold.
The dual Bitcoin‑and‑gold allocation reflects a strategy blending stability with potential high‑reward assets.
This major institutional move could trigger broader interest in crypto from endowments and large investors, tightening supply and fueling market momentum.

Harvard has significantly increased its exposure to Bitcoin, raising its allocation from $117 million to $443 million in the third quarter. At the same time, the university expanded its gold ETF position from $102 million to $235 million. This move highlights a major strategic shift toward crypto, placing Bitcoin at nearly double the weight of gold within its portfolio. The adjustment reflects changing views on how alternative assets can fit into long term institutional strategies.

Harvard ramped its bitcoin investment in Q3 from $117m ot $443m. It also boosted its gold ETF allocation from $102m to $235m.

Think about that for a second: Harvard decided to put on a debasement trade and it allocated to bitcoin 2-to-1 over gold.

— Matt Hougan (@Matt_Hougan) December 8, 2025

What Harvard’s Shift Signals for the Market and Institutions
Harvard now frames Bitcoin as a core long term asset rather than a speculative position. The sharp increase suggests growing confidence in Bitcoin as a hedge against monetary instability, inflation risk, and broader macroeconomic uncertainty. By committing capital at this scale, the university signals that digital assets can stand alongside traditional stores of value.

The mix of Bitcoin and gold reveals a blended strategy focused on both protection and growth. While gold continues to serve as a historic safe haven, the $443M Bitcoin exposure reflects belief in crypto’s liquidity, upside potential, and global market relevance. This balance shows an effort to combine defensive positioning with opportunity driven investing.

Harvard’s high visibility may influence other large institutions to rethink crypto exposure. As one of the most respected university endowments in the world, its investment decisions often act as reference points for peers. This shift toward Bitcoin may encourage other funds, universities, and large asset managers to accelerate their own digital asset strategies.

Rising institutional demand is viewed as a possible catalyst for new Bitcoin momentum. Large scale buying from long term holders reduces available supply and can strengthen price support. With major capital now backing Bitcoin, confidence in its durability as an asset class may continue to grow, even during periods of volatility.

For investors across both traditional and crypto markets, Harvard’s repositioning delivers a clear message. Bitcoin is increasingly being treated not as a fringe experiment, but as a strategic financial asset. How other institutions respond in the coming quarters could shape the next phase of Bitcoin’s market cycle.

CLEVELAND, Dec. 08, 2025 (GLOBE NEWSWIRE) -- Abeona Therapeutics Inc. (Nasdaq: ABEO) today announced the first commercial patient treatment with FDA-approved ZEVASKYN (prademagene zamikeracel), a first-of-its-kind, autologous gene therapy for treating wounds in adult and pediatric patients with recessive dystrophic epidermolysis bullosa (RDEB). ZEVASKYN was administered at Lucile Packard Children’s Hospital Stanford in Palo Alto, CA.

“Treating our first patient is a proud moment for Abeona and a testament to the tireless resolve of our team,” said Vish Seshadri, Chief Executive Officer of Abeona. “We are humbled to bring ZEVASKYN to the RDEB community and grateful to our growing network of Qualified Treatment Centers. Momentum is building, with additional patients already scheduled for treatment in the new year.”

Joyce Teng, MD, PhD, professor of dermatology at Stanford Medicine and chief of pediatric dermatology at Stanford Medicine Children’s Health, said, “We continually pursue new therapies to support patients enduring the lifelong pain and extensive wound care that RDEB demands, and work to provide care and hope to patients and families.”

For more information on how to access ZEVASKYN and learn about patient support services offered through Abeona Assist®, Abeona’s comprehensive patient support program, visit www.abeonaassist.com, call 1-855-ABEONA-1 (1-855-223-6621) or email [email protected]. Abeona Assist offers personalized support, including helping eligible patients understand their insurance benefits and financial assistance options, and providing travel and logistical assistance.

About recessive dystrophic epidermolysis bullosa

Recessive dystrophic epidermolysis bullosa (RDEB), a rare blistering disorder without a cure, is characterized by severe skin wounds that cause pain and can lead to systemic complications impacting the length and quality of life. People with RDEB have a defect in both copies of the COL7A1 gene, leaving them unable to produce functioning type VII collagen, which is necessary to anchor the dermal and epidermal layers of the skin.

About ZEVASKYN® (prademagene zamikeracel) gene-modified cellular sheets

ZEVASKYN is the first and only autologous cell sheet-based gene therapy for the treatment of wounds in adult and pediatric patients with recessive dystrophic epidermolysis bullosa (RDEB). RDEB is a severe skin disease caused by a defect in both copies of the COL7A1 gene resulting in the inability to produce functional type VII collagen. Without functional type VII collagen and anchoring fibrils, the skin is fragile and blisters easily, leading to wounds that continually open and close, or fail to heal altogether. Patients often have large open wounds that can lead to serious life-threatening complications. ZEVASKYN incorporates the functional type VII collagen-producing COL7A1 gene into a patient’s own skin cells, ex vivo, using a replication-incompetent retroviral vector to produce functional type VII collagen in treated wounds. ZEVASKYN has demonstrated clinically meaningful wound healing and pain reduction with a single surgical application. For more information, visit www.ZEVASKYN.com.

Indication

ZEVASKYN® (prademagene zamikeracel) is an autologous cell sheet-based gene therapy indicated for the treatment of wounds in adult and pediatric patients with recessive dystrophic epidermolysis bullosa (RDEB).

Important Safety Information

Serious allergic reactions to ZEVASKYN can occur. Patients should get medical help right away if they experience symptoms like itching, swelling, hives, difficulty breathing, runny nose, watery eyes, or nausea. In rare cases, a severe reaction called anaphylaxis may happen.There is a potential risk that treatment with ZEVASKYN may contribute to the development of cancer because of how the therapy works. Patients should be monitored for the rest of their lives to check for any signs of cancer.ZEVASKYN is made using human and animal materials. Although these materials are tested before use, the risk of passing on infections cannot be eliminated.The most common side effects are pain from the procedure and itching. This is not a complete list of side effects. Patients should call their care team for medical advice about side effects. Side effects may be reported to Abeona at 1-844-888-2236 or FDA at 1-800-FDA-1088 or www.fda.gov/medwatch.

See full Prescribing Information.

About Abeona Therapeutics

Abeona Therapeutics Inc. is a commercial-stage biopharmaceutical company developing cell and gene therapies for serious diseases. Abeona’s ZEVASKYN® (prademagene zamikeracel) is the first and only autologous cell-based gene therapy for the treatment of wounds in adults and pediatric patients with recessive dystrophic epidermolysis bullosa (RDEB). The Company’s fully integrated cell and gene therapy cGMP manufacturing facility in Cleveland, Ohio serves as the manufacturing site for ZEVASKYN commercial production. The Company’s development portfolio features adeno-associated virus (AAV)-based gene therapies for ophthalmic diseases with high unmet medical need. Abeona’s novel, next-generation AAV capsids are being evaluated for a variety of devastating diseases. For more information, visit www.abeonatherapeutics.com.

ZEVASKYN®, Abeona Assist®, Abeona Therapeutics®, and their related logos are trademarks of Abeona Therapeutics Inc.

Forward-Looking Statements
This press release contains certain statements that are forward-looking within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and that involve risks and uncertainties. We have attempted to identify forward-looking statements by such terminology as “may,” “will,” “believe,” “anticipate,” “expect,” “intend,” “potential,” and similar words and expressions (as well as other words or expressions referencing future events, conditions or circumstances), which constitute and are intended to identify forward-looking statements. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, numerous risks and uncertainties, including but not limited to, our ability to successfully commercialize and market ZEVASKYN, including manufacturing sufficient batches of ZEVASKYN to meet demand; the therapeutic potential of ZEVASKYN; whether the unmet need and market opportunity for ZEVASKYN are consistent with the Company’s expectations; continued interest in our rare disease portfolio; our ability to enroll patients in clinical trials; the outcome of future meetings with and inspections by the FDA or other regulatory agencies, including those relating to preclinical programs and to the cGMP manufacturing of ZEVASKYN; the ability to achieve or obtain necessary regulatory approvals for our pre-clinical programs; the impact of any changes in the financial markets and global economic conditions, including those resulting from changes to U.S. trade policy, such as current or future tariffs; risks associated with data analysis and reporting; and other risks disclosed in the Company’s most recent Annual Report on Form 10-K and subsequent periodic reports filed with the Securities and Exchange Commission. The Company undertakes no obligation to revise these forward-looking statements or to update them to reflect events or circumstances occurring after the date of this press release, whether as a result of new information, future developments or otherwise, except as required by the federal securities laws.

, /PRNewswire/ -- NextEra Energy Resources, LLC, one of America's largest energy infrastructure developers, and Meta Platforms Inc. (Meta), one of the world's leading technology companies, have reached approximately 2.5 gigawatts (GW) of clean energy contracts. The 2.5-GW milestone was reached with the signing of 11 power purchase agreements (PPA) and two energy storage agreements (ESA).

Powering American innovation across the country: NextEra Energy Resources, a subsidiary of NextEra Energy, and Meta executed PPAs enabling 2.1 GW of clean energy through nine solar projects across three markets:

Electric Reliability Council of Texas (ERCOT)
Southwest Power Pool (SPP)
Midcontinent Independent System Operator (MISO)

Electricity for New Mexico: Additionally, NextEra Energy Resources, through four projects, two PPAs and two ESAs, in Valencia and De Baca counties, is providing 190 megawatts (MW) of solar energy and 168 MW of battery storage to support the Public Service Company of New Mexico (PNM) system through PNM's Rate 36B. Rate 36B allows Meta and other customers to contract for and support clean energy projects on PNM's system more efficiently and match its operations with 100% clean energy.

A word from New Mexico Governor Michelle Lujan Grisham: "The NextEra Energy Resources, Meta and PNM collaboration in New Mexico demonstrates, once again, our state's leadership in clean energy and economic development. New Mexico is driving new investments in energy and data centers that are expanding our economy, empowering our workforce and advancing American infrastructure." 

Investing in America: In total, the 2.5 GW across 13 projects are scheduled to come online between 2026 and 2028, creating up to 2,440 construction jobs, driving local economic growth and spurring innovation.

A word from Urvi Parekh, head of energy at Meta: "We are proud to continue our collaboration with NextEra Energy Resources in advancing energy infrastructure and storage solutions. The integration of 2.1 GW across ERCOT, SPP and MISO, along with more than 350 MW from the three-way collaboration with PNM in New Mexico, to support our data center operations, demonstrate how industry cooperation can drive technological progress and strengthen America's energy infrastructure."

A word from Brian Bolster, president and CEO of NextEra Energy Resources: "As one of America's largest energy infrastructure builders, NextEra Energy Resources is powering America's technology growth with new energy infrastructure. The company has actively engaged with hyperscalers to support their data center operations and further drive America's leadership. We are incredibly excited to grow our collaboration with Meta, one of America's iconic companies. These agreements demonstrate our continued commitment to bring energy solutions to help grow the American economy, drive innovation and ensure the U.S. wins the AI race."

These approximately 2.5 GW of projects build on nearly 500 MW of operating projects that Meta is already supporting through previous agreements with NextEra Energy Resources. These agreements emphasize the companies' shared commitment to ensuring that the U.S. secures American energy dominance while supporting Meta's target of matching its operations with 100% clean energy.

About NextEra Energy Resources

NextEra Energy Resources, LLC, together with its affiliated entities, ("NextEra Energy Resources") is the largest energy infrastructure developer in the U.S. With approximately 33,410 megawatts of net generating capacity in operation as of year-end 2024, the company develops and operates a diverse portfolio that includes renewables, battery storage, natural gas and nuclear. NextEra Energy Resources builds and operates electric transmission assets, is a leading supplier of natural gas and power, develops natural gas plants, and delivers integrated energy and technology services to utilities and businesses across the U.S. NextEra Energy Resources, LLC is a subsidiary of Juno Beach, Florida-based NextEra Energy, Inc. (NYSE: NEE). For more information, visit: www.NextEraEnergyResources.com.

SOURCE NextEra Energy Resources, LLC

December 08, 2025 7:30 AM EST | Source: Dolly Varden Silver Corporation
Fairbanks, Alaska and Vancouver, British Columbia--(Newsfile Corp. - December 8, 2025) - Contango ORE, Inc. (NYSE American: CTGO) ("Contango" or the "Company") and Dolly Varden Silver Corporation (TSXV: DV) (NYSE American: DVS) (FSE: DVQ) ("Dolly Varden") are pleased to announce that they have entered into an arrangement agreement (the "Arrangement Agreement") to combine Contango and Dolly Varden on a merger-of-equals basis pursuant to a statutory plan of arrangement under the Business Corporations Act (British Columbia) (the "Transaction"). The combination of Contango and Dolly Varden (the combined entity referred to as "MergeCo") would provide investors with a unique opportunity to participate in the upside of a well-funded North American asset portfolio consisting of the cash flowing high-grade Manh Choh gold mine in Alaska as well as several high-grade silver and gold projects located in British Columbia and Alaska including the Kitsault Valley and Johnson Tract projects.

Upon completion of the Transaction, existing Contango and Dolly Varden shareholders will each own approximately 50% of the outstanding shares of MergeCo, on a fully diluted in-the-money basis. MergeCo is expected to be renamed Contango Silver & Gold Inc. and will be led by Rick Van Nieuwenhuyse as CEO, Shawn Khunkhun as President and Mike Clark as Executive Vice President and CFO. The board of directors of MergeCo (the "MergeCo Board") will include Clynt Nauman as Chairman, Brad Juneau, Darren Devine, Mike Cinnamond, Tim Clark, Rick Van Nieuwenhuyse and Shawn Khunkhun.

Rick Van Nieuwenhuyse, President, CEO & Director of Contango, commented: "This merger is an exciting transaction for both Contango and Dolly Varden shareholders given the complementary and synergistic nature of our North American asset portfolios. With the Manh Choh Gold Mine providing significant cash flows in a strong gold and silver price environment, the combined company will have a source of non-dilutive funding to advance development of its high-grade Lucky Shot and Johnson Tract projects in Alaska and Kitsault Valley project in British Columbia. Kitsault Valley and Johnson Tract are particularly synergistic as both are high grade, have similar metallurgy, are located near tidewater and fit the Direct Shipping Ore ("DSO") model. In addition, both have tremendous exploration upside. With Dolly Varden's cornerstone land position in the Golden Triangle, one of the most exciting and prospective mining districts in the world, we see great potential to expand resources and advance Kitsault Valley to production. The combined company will be well financed for growth that is expected to continue to deliver long-term value for its shareholders."

Shawn Khunkhun, President, CEO & Director of Dolly Varden, further commented: "We are very pleased to present this Transaction to the shareholders of Dolly Varden. The merger represents a step-change for the company, adding production and combining an exceptional portfolio of projects with the potential for high-grade precious-metal development. The combined company is poised to become a unique, multi-asset platform for silver and gold production, focused exclusively on the United States and Canada. Our respective boards are fully aligned on how to best realize this vision, sharing a commitment to aggressively expand our resource base, accelerate mine exploration and subsequent development across the portfolio and pursue growth-oriented acquisitions."

Transaction Highlights & Strategic Rationale

Complementary Assets: Creation of a North-American focused multi-stage silver and gold company, with an asset portfolio ranging from advanced-stage exploration to current production.Well Funded: Over US$100 million combined cash on hand, only US$15 million in debt and annual cash flow from the producing high-grade Manh Choh gold mine in Alaska, operated in partnership with Kinross Gold Corporation ("Kinross").High-Grade Projects: Leverage to high-grade development of assets anchored by the Lucky Shot and Johnson Tract projects in Alaska, and the Kitsault Valley silver-gold project in British Columbia - all strategically located near existing infrastructure supporting a DSO approach.Shared Capex Strategy: Common development philosophy to pursue low-capex DSO projects that can be developed using existing processing facilities.Exploration Potential: Track-record of high-grade exploration success across the portfolio.Enhanced Capital Markets Profile: The combined company's shareholders to benefit from greater critical mass with a combined market capitalization of approximately US$812 million (C$1.1 billion), as well as increased trading liquidity, index inclusion, research coverage and institutional ownership. Insider and Institutional Support: All directors and officers of Contango and Dolly Varden, as well as significant shareholders of both companies, have signed voting support agreements in favour of the Transaction, representing approximately 22% of the outstanding Contango shares and approximately 22% of the outstanding Dolly Varden shares.Expanded Presence: Listing on the NYSE American, and intention to apply to list on the Toronto Stock Exchange following closing of the Transaction.Flagship Assets

Manh Choh Mine, Alaska

Ore mined at Manh Choh is trucked to Kinross's Fort Knox mine and milling complex in Fairbanks, Alaska for processing; operations commenced in Q3 2024.One of the highest-grade open pit mines in the world with gold reserves estimated at approximately 8 grams per tonne ("g/t").Joint venture between Kinross (70%) and Contango (30%), operated by Kinross.Production of 173,400 gold ounces for the first nine months of 2025 (52,020 gold ounces attributable to Contango) at an all-in sustaining cost ("AISC") of US$1,505 per ounce ("oz").Total cash distributions for the first nine months of 2025 of US$87 million to Contango.Lucky Shot Mine, Alaska

Current Indicated resource of 0.1 million ounces of gold at 14.5 g/t in the historically productive Willow Mining District, Alaska.Fully permitted for mining operations.Underground development completed for advanced exploration.18,000 meter drill program currently underway targeting expansion of Measured and Indicated resources to 400,000 to 500,000 ounces with a DSO feasibility study and mine go-ahead decision targeted by 2027.Johnson Tract, Alaska

Current Indicated resource of 0.7 million ounces of silver, 0.6 million ounces of gold, and 400 million pounds of zinc (1.1 million gold equivalent ounces ("GEO")) and Inferred resources of 0.2 million ounces of silver, 31,000 ounces of gold, and 65 million pounds of zinc.Critical metals project (gold, silver, copper, zinc, lead) accepted for coverage on the FAST-41 Covered Projects dashboard on December 2, 2025.Initial Assessment completed on May 6, 2025 outlined a NPV5% of US$615 million with an IRR of 53% at US$4,000/oz gold, AISC of $860 per gold equivalent oz and a payback period of less than a year.In August 2024, Contango received a 404-permit to build a road from camp to the portal site and plans to construct the road in 2026. Targeted completion of a DSO feasibility study with mine go-ahead decision by 2029.Kitsault Valley, British Columbia

Large cornerstone land position in the Golden Triangle with exploration upside in one of the most exciting and prospective mining districts in the world.Current Indicated resource of 34.7 million ounces of silver and 0.2 million ounces of gold and Inferred resources of 29.3 million ounces of silver and 0.8 million ounces of gold, with an update anticipated in 2026.In 2025, completed a 56,131 meter drill program with initial highlights including 1,422 g/t silver over 21.70 meters at the Wolf Vein deposit (see September 2, 2025 press release), 26.74 g/t gold over 14.76 meters and 14.50 g/t gold and 75 g/t silver over 21.18 meters at the Homestake Silver deposit (see November 10, 2025 and December 4, 2025 press releases). Past production of over 20 million ounces of silver in the Kitsault Valley, including the Dolly Varden Mine, historically the richest silver mine in the British Empire with production at 1,100 g/t of silver between 1919 and 1923, and the Torbit Mine, historically Canada's third largest primary silver producer, producing at 466 g/t of silver between 1949 and 1959.Leadership & Governance

Management of the combined company will draw upon the experience and expertise of both companies, led by Rick Van Nieuwenhuyse as CEO, Shawn Khunkhun as President, and Mike Clark as Executive Vice President and CFO.

The Board of the combined company will consist of Clynt Nauman as Chairman, Brad Juneau, Darren Devine, Mike Cinnamond, Tim Clark, Rick Van Nieuwenhuyse and Shawn Khunkhun.

The corporate office will be based in Fairbanks, Alaska, with a secondary office located in Vancouver, British Columbia.

Transaction Details

Pursuant to the terms and conditions of the Arrangement Agreement, Contango will acquire all of the issued and outstanding common shares of Dolly Varden (the "DV Shares") at an exchange ratio of 0.1652 of a share of voting common stock of Contango (the "CTGO Shares") for each DV Share held (the "Exchange Ratio").

Immediately prior to closing of the Transaction, all restricted share units of Dolly Varden will vest and be settled for DV Shares. Pursuant to the Transaction, all outstanding stock options of Dolly Varden will be exchanged for stock options to acquire CTGO Shares, adjusted to reflect the Exchange Ratio. Eligible Canadian shareholders of Dolly Varden will be able to elect to receive exchangeable shares in a Canadian subsidiary of Contango, which will be exchangeable into CTGO Shares, instead of the CTGO Shares to which they would otherwise be entitled.

Upon completion of the Transaction, existing Contango and Dolly Varden shareholders will own approximately 50% each of the outstanding shares of MergeCo, respectively, on a fully diluted in-the-money basis.

The Transaction will be effected pursuant to a court-approved plan of arrangement under the Business Corporations Act (British Columbia) and will require approval by the British Columbia Supreme Court (the "Court"), the approval of 66 2/3% of the votes cast by Dolly Varden shareholders at a special meeting of Dolly Varden shareholders expected to be held in February 2026 (the "DV Meeting") and the affirmative vote of a majority of the shares present in person or by proxy and entitled to vote at the special meeting of Contango shareholders expected to also be held in February 2026 (the "CTGO Meeting").

Directors, officers and certain major shareholders of Dolly Varden, who collectively hold approximately 22% of the outstanding DV Shares, have entered into voting support agreements pursuant to which they have agreed, among other things, to vote their DV Shares in favour of the Transaction. Similarly, directors, officers and certain major shareholders of Contango, who collectively hold approximately 22% of the outstanding CTGO Shares, have entered into voting support agreements pursuant to which they have agreed, among other things, to vote their CTGO Shares in favour of the Transaction. Certain other major shareholders of Contango and Dolly Varden have also indicated their support and intention to vote in favour of the Transaction.

In addition to the approval of the Court and the Dolly Varden and Contango shareholders noted above, the Transaction is subject to the receipt of applicable regulatory and exchange approvals (including approval of the NYSE American and TSX Venture Exchange), and the satisfaction of certain other closing conditions customary for a transaction of this nature. Subject to the satisfaction of such conditions, the Transaction is expected to close in late February or early March, 2026. The Arrangement Agreement includes customary deal protections, including reciprocal fiduciary-out provisions, non-solicitation covenants and the right to match any superior proposals. A reciprocal termination fee in the amount of US$15 million is payable by either party in certain circumstances as set out in the Arrangement Agreement.

Full details of the Transaction will be included in Dolly Varden's management information circular in respect of the DV Meeting and Contango's proxy statement in respect of the CTGO Meeting, both of which are expected to be mailed to shareholders in January 2026. Shareholders of both parties are urged to read these documents once available, as they will contain important additional information concerning the Transaction; they will be posted on SEDAR+ (in the case of Dolly Varden) and EDGAR (in the case of Contango). In addition, a copy of the Arrangement Agreement will be filed under Dolly Varden's profile on SEDAR+ and Contango's profile on EDGAR.

This news release is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the proposed Transaction and shall not constitute an offer to sell or a solicitation of an offer to buy the securities of any person, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. No offer of securities shall be made except pursuant to registration under, or an available exemption from the registration requirements of, the Securities Act of 1933, as amended.

Contango Board Recommendation

The Arrangement Agreement has been unanimously approved by the board of directors of Contango (the "CTGO Board"). Canaccord Genuity Corp. has provided a fairness opinion to the CTGO Board stating that, as of the date thereof, and based upon and subject to the assumptions, limitations and qualifications stated therein, the Exchange Ratio is fair, from a financial point of view, to the stockholders of Contango.

Dolly Varden Board Recommendation

The Arrangement Agreement has been unanimously approved by the board of directors of Dolly Varden (the "DV Board"), based upon the recommendation of a special committee of certain independent directors of the DV Board (the "DV Special Committee") that was formed to evaluate the Transaction.

Haywood Securities Inc. has provided an oral fairness opinion to the DV Board stating that, as of the date thereof, and based upon and subject to the assumptions, limitations and qualifications stated therein, the consideration to be received by the Dolly Varden shareholders pursuant to the Arrangement is fair, from a financial point of view, to Dolly Varden shareholders.

Raymond James Ltd. has provided an oral fairness opinion to the DV Special Committee stating that, as of the date thereof, and based upon and subject to the assumptions, limitations and qualifications stated therein, the consideration to be received by the Dolly Varden shareholders pursuant to the Arrangement is fair, from a financial point of view, to Dolly Varden shareholders.

Advisors & Counsel

Canaccord Genuity Corp. is acting as financial advisor, Blake, Cassels & Graydon LLP is acting as Canadian legal counsel, and Holland & Knight LLP is acting as US legal counsel to Contango.

Haywood Securities Inc. is acting as financial advisor, Stikeman Elliott LLP is acting as Canadian legal counsel, and Dorsey & Whitney LLP is acting as US legal counsel to Dolly Varden. Raymond James Ltd. is acting as financial advisor to the DV Special Committee.

Conference Call, Webcast & Presentation

Contango and Dolly Varden will host a joint conference call and webcast to discuss the Transaction on December 8, 2025 beginning at 10:00 am Pacific Time / 1:00 pm Eastern Time.

Participants may join the webcast using the following login details:

https://6ix.com/event/contango-ore-and-dolly-varden-silver-merge

Additional information regarding Contango, Dolly Varden and the Transaction may also be found in a corporate presentation available on Contango's website at www.contangoore.com and on Dolly Varden's website at www.dollyvardensilver.com.

Qualified Persons

Dave Larimer, CPG, Exploration Manager, a "Qualified Person" as defined by S-K 1300, has approved the scientific and technical information contained in this news release on behalf of Contango.

Rob van Egmond, P.Geo., VP Exploration for Dolly Varden, a "Qualified Person" as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"), has reviewed and approved the scientific and technical information contained in this news release on behalf of Dolly Varden. Rob van Egmond, P.Geo. is not independent of Dolly Varden in accordance with NI 43-101.

About Contango

Contango is a NYSE American listed company that engages in exploration for gold and associated minerals in Alaska. Contango holds a 30% interest in the Peak Gold JV, which leases approximately 675,000 acres of land for exploration and development on the Manh Choh project, with the remaining 70% owned by KG Mining (Alaska), Inc., an indirect subsidiary of Kinross Gold Corporation, operator of the Peak Gold JV. Contango and its subsidiaries also have (i) a lease on the Johnson Tract project from the underlying owner, CIRI Native Corporation, (ii) a lease on the Lucky Shot project from the underlying owner, Alaska Hardrock Inc., (iii) 100% ownership of approximately 8,600 acres of peripheral State of Alaska mining claims, and (iv) a 100% interest in approximately 145,000 acres of State of Alaska mining claims that give Contango the exclusive right to explore and develop minerals on these lands.

About Dolly Varden

Dolly Varden Silver Corporation is a mineral exploration company focused on advancing its 100% held Kitsault Valley Project (which combines the Dolly Varden Project and the Homestake Ridge Project) located in the Golden Triangle of British Columbia, Canada, 25km by road to tide water. Including the Kitsault Valley Project, Dolly Varden has consolidated approximately 100,000Ha of prospective tenure in the Golden Triangle with 5 past producing high-grade silver mines including Dolly Varden, Torbrit, Porter Idaho, Mountain Boy and Esperanza historic mines. The 163 km2 Kitsault Valley Project hosts the high-grade silver and gold resources of Dolly Varden and Homestake Ridge along with the past producing Dolly Varden and Torbrit silver mines. It is considered to be prospective for hosting further precious metal deposits, being on the same structural and stratigraphic belts that host numerous other, on-trend, high-grade deposits, such as Eskay Creek and Brucejack. The Kitsault Valley Project also contains the Big Bulk property which is prospective for porphyry and skarn style copper and gold mineralization, similar to other such deposits in the region (Red Mountain, KSM, Red Chris).

FORWARD-LOOKING STATEMENTS

This news release contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively "Forward-looking Information"). These include statements regarding Contango and Dolly Varden's intent, or the beliefs or current expectations of the officers and directors of Contango and Dolly Varden for MergeCo post-closing. Actual results and outcomes of the proposed Transaction may vary materially from the amounts set out in any Forward-looking Information. As well, Forward-looking Information may relate to: future outlook and anticipated events, such as the consummation and timing of the Transaction; the strategic vision for MergeCo following the closing of the Transaction and expectations regarding exploration potential, expansion of resources, development, production capabilities and future financial or operating performance of MergeCo post-closing, including investment returns and share price performance; production and cost guidance and other economic projections; the potential valuation of MergeCo following the closing of the Transaction; increases in trading liquidity, index inclusion, research coverage and institutional ownership; the ownership interests of existing Contango and Dolly Varden shareholders in MergeCo; the expected name of MergeCo; the accuracy of the pro forma financial position and outlook of MergeCo following the closing of the Transaction; the composition and success of the new management team and the MergeCo Board; the satisfaction of the conditions precedent to the Transaction; the timing of the meetings and the mailing of the Dolly Varden Circular and Contango Proxy Statement and completion of the Transaction; the treatment of stock options and restricted share units of Dolly Varden in connection with the Transaction; the issuance and conversion of the exchangeable shares; the intention to apply to list MergeCo on the Toronto Stock Exchange following closing of the Transaction; current estimates and the conversion of mineral resources and mineral reserves; the success of Dolly Varden and Contango in combining operations upon closing of the Transaction; the success and timing of completing exploration, development and production activities at the combined projects of MergeCo; the production and operating capabilities, including expectations thereof, of the Manh Choh Gold Mine; the potential of MergeCo to meet industry targets, public profile and expectations; and future plans, projections, objectives, estimates and forecasts and the timing related thereto.

Forward-looking Information is generally identified by the use of words like "will", "create", "enhance", "improve", "potential", "expect", "upside", "growth" and similar expressions and phrases or statements that certain actions, events or results "may", "could", or "should", or the negative connotation of such terms, are intended to identify Forward-looking Information. Although Contango and Dolly Varden believe that the expectations reflected in the Forward-looking Information are reasonable, undue reliance should not be placed on Forward-looking Information since no assurance can be provided that such expectations will prove to be correct. Forward-looking Information is based on information available at the time those statements are made and/or good faith belief of the officers and directors of Contango and Dolly Varden as of that time with respect to future events and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in or suggested by the Forward-looking Information. Forward-looking Information involves numerous risks and uncertainties. Such factors include, without limitation: risks related to the closing of the Transaction; risks related to the financial impact that tariffs placed on Canada by the United States and risks related to retaliatory tariffs placed on the United States by Canada; risks related to new members of management and the MergeCo Board; risks relating to changes in the gold or silver price; risks related to operations at the Manh Choh Gold Mine; risks related to development of MergeCo's assets in accordance with expectations; and other risks described from time to time in Dolly Varden's most recently filed annual information form, financial statements and, MD&A and other disclosures (under the heading "Risk Factors" or otherwise) which are available on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov/edgar, and in Contango's Annual Report on Form 10-K and Quarterly Reports on Form 10-Q filed with the SEC (including the sections entitled "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" contained therein) which are available on EDGAR at www.sec.gov/edgar. Forward-looking Information is designed to help readers understand Dolly Varden and Contango's views as of that time with respect to future events and speak only as of the date they are made. Except as required by applicable law, Dolly Varden and Contango assume no obligation to update or to publicly announce the results of any change to any forward-looking statement contained or incorporated by reference herein to reflect actual results, future events or developments, changes in assumptions or changes in other factors affecting the Forward-looking Information. If either Dolly Varden or Contango updates any one or more forward-looking statements, no inference should be drawn that the either company will make additional updates with respect to those or other Forward-looking Information. All Forward-Looking Information contained in this news release is expressly qualified in its entirety by this cautionary statement.

Cautionary Note to U.S. Readers Concerning Estimates of Mineral Reserves and Mineral Resources

Disclosure regarding the mineral properties of Dolly Varden included in this news release, was prepared in accordance with NI 43-101. NI 43-101 is a rule developed by the Canadian Securities Administrators that establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. NI 43-101 differs significantly from the disclosure requirements of the Securities and Exchange Commission (the "SEC"), including Regulation S-K 1300 under the U.S. Securities Exchange Act of 1934, as amended, generally applicable to U.S. companies. Accordingly, information contained in this news release is not comparable to similar information made public by U.S. companies reporting pursuant to SEC disclosure requirements.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/277235

December 08, 2025 7:30 AM EST | Source: Thunder Gold Corp.
Thunder Bay, Ontario--(Newsfile Corp. - December 8, 2025) - Thunder Gold Corp. (TSXV: TGOL) (FSE: Z25) (OTCQB: TGOLF) ("Thunder Gold" or the "Company") is pleased to announce complete results for the Phase Three drill program at its 100%-owned, 2,500-hectare, Tower Mountain Gold Property, located 40 kilometres west of the port city of Thunder Bay, Ontario. Phase Three drilling clearly demonstrates the opportunity to rapidly increase the mineralization footprint west of the Tower Mountain Intrusive Complex ("TMIC") and demonstrate that this area offers standalone potential for defining a consistent and scalable gold system. Phase Three results mark another step forward in unlocking the potential of this project.

Highlights:

All seven holes testing the 800-metre-long Bench-3738-Ellen breccia channel (west of the TMIC contact) intersected broad, consistent intervals of gold mineralization as predicted.

The initial hole testing the South Bench Target extended the previously identified mineralization and identified a new zone of near surface gold mineralization.

A shallow hole, testing a new target identified by soil and rock sampling this summer, intersected significant gold mineralization from the collar to a depth of 30 metres.

Results at the 3738 Target indicate the target breccia channel measures 150 to 200 metres (true width), returns steady, consistent gold grades and remains open along strike and down dip.

The Bench-3738-Ellen trend measures 800 metres x 200 metres x 300 metres, and only 30% of this volume is drill-tested representing a compelling, immediately accessible, fully-permitted, low-cost drill target.

Significant gaps remain untested along the breccia channel offering immediate, low-cost opportunities to expand the near surface resource potential west of the TMIC.

Additional resource upside lies around the remaining 6,000-metre circumference of the TMIC.

All necessary exploration permits are valid through 2028.

Wes Hanson, President and CEO, states, "Phase Three drilling at the 3738 Target delivered exactly what we set out to demonstrate - precision testing of key gaps in our exploration model delivering tangible results that reinforce our confidence in the scale and continuity of mineralization west of the TMIC contact. We completed seven drill holes at the 3738 Target (1,633 metres). All seven holes intersected mineralization, at expected grades, exactly where predicted by our exploration model. These latest results will be included in the Mineral Resource Estimate being prepared by Micon International Ltd.

"We believe Tower Mountain can be advanced more efficiently than any other project in the Shebandowan Greenstone Belt. Our recent drill results confirm ample opportunities to increase the resource potential. Our proximity to Thunder Bay and built infrastructure results in one of the lowest discovery costs in Canada. Internal modeling indicates that the current, drill-defined mineralization west of the TMIC can be extracted without impacting existing or planned infrastructure routes.

"Our 2025 drilling has delivered on all our objectives. We demonstrated near term resource growth potential west of the TMIC, within the historical drill pattern, offering immediate, short-term, low-cost resource growth opportunity. We demonstrated long-term resource growth potential elsewhere around the 6,000-metre TMIC circumference. We maintained capital efficiency, directing two thirds of every dollar raised to exploration at our cornerstone project. Our 2025 results validate the strength and predictability of our exploration model - providing investors with increasing confidence in the scalability of the Tower Mountain project."

Highlights

At the 3738-Target, drilling expanded the mineralized footprint with all seven (7) holes returning significant intercepts. Standout results include: 1.83 g/t Au over 18.0 metres within 0.47 g/t Au over 333.0 metres (TM25-180 extension), 0.53 g/t Au over 181.5 metres (TM25-181 extension), 1.05 g/t Au over 25.5 metres (TM25-186), 1.98 g/t Au over 13.5 metres (TM25-187), 0.42 g/t over 271.5 metres (TM25-188), 0.698 g/t Au over 37.5 metres (TM25-189).

At the H Target (northern TMIC contact) three (3) of three (3) holes intersected mineralization including 0.51 g/t Au over 6.00 metres (TM25-185).

A single, shallow hole testing the southwest extension of the A-Target, intersected 1.293 g/t Au over 10.5 metres (TM25-190). This hole tested a soil geochemistry anomaly and surface prospecting samples that returned anomalous gold results from the summer field program.

The first hole targeting the South Bench Target intersected 0.666 g/t Au over 25.5 metres, 21.0 metres from the collar.

Phase Three drilling commenced October 1, 2025, and continued through November 7, 2025. Twelve (12) holes (2,164 metres) were completed at an estimated all-in drilling cost of less than C$300 per metre.

Figure 1.0 is a plan view of the Phase Three drilling showing the location of the completed holes.

3738-Target

Seven (7) holes (1,632 metres) were completed at the 3738 Target during Phase 3. The holes tested an interpreted 400 metres of strike length from hole TM25-189 through to hole TM25-191. Results suggest continuous mineralization persists between the Bench and Ellen Targets. The positive drill results shall be incorporated into the drill database that informs on the Mineral Resource Estimate being prepared by Micon International.

Table 1.0 summarizes the results of the 3738 drill holes. The Table includes the previously reported portions of holes TM25-180 and TM25-181, from 0 to 252.0 metres. The extension of both holes intersected significant mineralization producing results that vary from the those reported for the Phase Two drill program.

Figure 2.0 is a cross-section of holes TM25-180, TM25-181 and TM25-186 drill holes. The location of the section is identified on Figure 1.0 as SECTION 5377650 N.

FIGURE 1.0 -Phase Three 2025 Drill Hole Location Plan

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5364/277229_5e3abdc394ad589a_001full.jpg

TABLE 1.0 - 3738-Target Results - Phase Three Drill Program, Dec. 2025

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5364/277229_5e3abdc394ad589a_002full.jpg

FIGURE 2.0 - 3738-Target - Section 5377650 N (Looking North; 25-metre projection window)

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5364/277229_5e3abdc394ad589a_003full.jpg

H Target

Three (3) holes, (249 metres) were completed at the H-Target, 25 metres east, west and below hole TM25-182 (Phase Two) that intersected 0.73 g/t Au over 6.0 metres. All three holes intersected mineralization above a 0.10 g/t Au cut-off grade. TM25-185, 25 metres northwest of TM25-182, intersected 0.505 g/t Au over 6.00 metres suggesting a relative flat lying target.

TABLE 3.0 - H-Target Results - Tower Mountain Property, Phase Three Drill Program, Dec. 2025

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5364/277229_5e3abdc394ad589a_004full.jpg

Intervals in Table 3.0 are reported as core length not True Width. True Width cannot be estimated at this time due to insufficient data.

NEW West Contact Targets

TM25-190 was a shallow hole testing a cluster of elevated rock samples collected 150 metres south of the A Target (Reference Figure 1.0). The hole collared in mineralization, intersecting 0.661 g/t Au over 30.0 metres including 1.293 g/t Au over 10.5 metres.

TM25-192, the final hole of Phase Three, was drilled at the south end of the Bench Target, approximately 25 metres south and 50 metres below hole TM11-82 (0.718 g/t Au over 22.0 metres), targeting another gap in the Company's exploration model. TM25-192 intersected 0.641 g/t Au over 12.0 metres vertically below the TM11-82 intersection. It also intersected 0.666 g/t Au over 25.5 metres near surface, a previously unrecognized zone of mineralization that is open to the southeast and down-dip. (Reference Figures 1.0 & 3.0).

TABLE 3.0 - New Target Results - Tower Mountain Property, Phase Three Drill Program, Dec. 2025

HOLE IDCUT-OFF GRADE
(Au g/t)FROM
(m)TO
(m)INTERVAL
(m)TRUE WIDTH
(m)Au 
g/tTM25-1900.107.5030.0022.50UNKNOWN0.661includes0.307.5018.0010.50UNKNOWN1.293TM25-1920.103.00252.00249.00174.300.311includes0.3021.0046.5025.5017.850.666and0.3093.00100.507.505.250.571and0.30124.50186.0061.5043.050.476includes0.30139.50151.5012.008.400.641and0.30175.50184.509.006.301.075Intervals for TM25-190 in Table 3.0 are reported as core length not True Width. True Width cannot be estimated at this time due to insufficient data.

Overall, Phase Three successfully demonstrated ample opportunities to increase the mineralization footprint exist within the historical drill pattern as postulated. Drilling around the perimeter of the TMIC is fully permitted through 2028. The western contact area is immediately accessible and offers over 40,000 metres of drilling soon to be quantified in a current, independent, Mineral Resource Estimate. At current gold prices, the Company considers the west contact, consisting of the UV, Bench, Ellen, A and 3738 Targets, to be a compelling exploration target that offers opportunity for rapid resource growth. This, combined with the unmatched access to fully built, publicly maintained infrastructure, allows for more rapid project advancement than many other large-tonnage, low-grade projects.

FIGURE 3.0 - South Bench-Target - Section 1000 (Looking SE 25-metre projection limit)

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Care and Control Procedures

Diamond drilling is conducted by qualified contractors independent of the Company. NQ diameter drill core is recovered by the independent contractor and placed in core boxes. The end of each drilled interval is recorded on wooden blocks and placed at the end of each drilled interval in the core box. Once the core box is full, the Hole ID and box number are recorded on each box. A lid is positioned over each box by the independent contractor. The hole number and box number are recorded on the lid. The lid is sealed to the core box using packing tape to prevent core spillage. The boxes, with lids, are stacked at the drill until the end of the shift. At shift change, all boxes are transported from the drill site to a marshalling area where they are transferred into the custody of the drill foreman. The drill foreman delivers the shift production to the Company's core logging facility where it is received by the Company's geological team. Here the core lids are removed, the boxes are organized by hole number and box number. The core is logged by a Technician, under the supervision of the Company's QP. The Technician rotates the core, washes the core, measures the core into 1.0 metre intervals recording the downhole depth physically on the drill core. The Technician then logs the core for recovery and rock quality, and completes magnetic susceptibility readings at the previously recorded metre intervals. The Technician records the hole number and starting and ending meterage of each box. All information collected by the Technician is recorded digitally in the Company's database.

A contract geologist, under the supervision of the Company's QP, completes a geological log of each hole recording lithology, alteration, mineralization, veining and structure. The geologist identifies the individual samples for each hole. A standard 1.5 metre sample interval is used. The geologist marks the core with start, stop and cut lines for the sample technician. The geologist places a sample tag at the start of each sample interval. The geologist records the interval start and stop depth in the tag book and determines where to insert Certified Reference Materials ("CRM") into the sample stream. CRM includes both Standards and Blanks. Typically, both are inserted alternately every tenth sample, at a number ending in (0). Multiple standards are utilized, each at different grades between from 0.20 to 10.00 g/t Au.

The geologist transfers each hole to the sample Technician on completion of logging and sampling. The Technician physically attaches each tag to the core box prior to sampling. The Technician labels 6-mil plastic sample bags with sequential core numbers from the tag book using a black felt marker. The sample Technician removes CRM sample bags and delivers those to the geologist. The geologist inserts the CRMs according to the sample tag book and returns the CRMs, bagged and sealed, to the sample Technician.

The sample Technician cuts the core along the marked cut line provided by the geologist. The cut core is placed in the pre-designated plastic sample bag. The corresponding sample tag is added to the bag. The bag is sealed and set aside. The remaining half-core is returned to the original core box. Once a box is completed, it is placed into a temporary storage rack until the entire hole is cut. The sample Technician typically completes twenty (20) sequential samples before taking the individually bagged, tagged and sealed samples and placing them into a rice bag. The starting and ending sample numbers for each rice bag are recorded on the exterior of each rice bag in felt marker. Each rice bag is sealed and stored for transportation to the lab only when the entire drill hole has been completed.

On completion of core cutting, the core is transferred back to the core Technician who then creates permanent metal tags for each core box with the hole number, box number, starting and ending depth of each box. The Technician then takes the core to the core photography area, where the core is photographed, dry and wet, for its entirety. On completion of the photography, photos are uploaded to the digital database for each hole. The half-core is then placed into permanent storage racks and its location is noted in the core storage area.

The rice bags for each hole are transferred to the Company's Logistics Manager. The geologist prepares a sample submission form identifying the analytical suite requested. This is provided to the Logistic Manager in physical form and communicated to the selected analytical lab electronically by email. The Company's QP is copied on all sample submission forms.

The Logistics Manager delivers the rice bags for each completed drill hole to the selected analytical facility.

Quality Assurance and Quality Control

All samples are currently delivered to Activation Laboratories Ltd. ("Actlabs") facility in Thunder Bay, Ontario. Actlabs is independent from the Company and is fully accredited by the Standards Council of Canada ("SCC") as per SCC-15308 ISO/IEC 17025:2017 General requirements for the competence of testing and calibration laboratories. Actlabs current certification expires February 27, 2030.

The Company typically utilizes two primary analytical procedures offered by Actlabs. The majority of samples are prepared according to Actlabs RX1 procedure; dried, crushed to 80% passing 2.0 mm. A 250-gram sample is split and pulverized to 95% passing 105 microns. The crushed reject is stored for return to the client. The 250-gram pulverized sample is split to obtain an approximate 30-gram sample for assay. The reject portion of the 250-gram pulverized sample is stored for return to the client.

The 30-gram sample aliquot is analyzed using Actlabs 1A2 procedure, lead collection fire assay fusion (FA) with an atomic absorption (AAS) finish. All assay results greater than 5.0 g/t Au are re-assayed using Actlabs 1A3-30 method which uses a gravimetric finish for higher accuracy. All assays greater than 30.0 g/t Au are re-assayed using Actlabs 1A4-1000 screen metallics method where a representative 1000-gram sample is split from the crushed reject fraction, pulverized to 95% passing 149 micron and sieved and analyzed by size fraction. Assays are performed on the entire +149 µm fraction and two splits of the -149 µm fraction. A final assay is calculated based on the weight of each size fraction. All the above is completed at Actlabs Thunder Bay facility.

The Company requested Actlabs PhotonAssay procedure for the final 535 samples of the Phase Three drill program (approximately 30% of the submitted samples). Prior to requesting this method change, the Company completed dual analyses comparing PhotonAssay to the 1A2-1A3-30 procedures used to this point. No material change in results were observed.

The PhotonAssay method requires each sample to be crushed to 80% passing 2.0 mm. A 500-gram sample is split and placed into unique, barcoded plastic jars. The barcoded jars are automatically logged into the system. Samples are weighed and photographed automatically. The sample is placed on a conveyor and transported to the analysis chamber where it is bombarded with high energy x-rays. The x-rays cause the atomic nuclei (in this case gold) to enter an excited state. As the nuclei return to their ground state, they emit characteristic gamma rays which are detected and measured by semiconductor detectors, allowing the element's concentration to be calculated for each jar. Under this process, sample preparation is completed at Actlabs' Thunder Bay facility. The sample containers are then shipped to Actlabs' Ancaster facility for PhotonAssay.

Actlabs reports the results to the Company's QP and Logistics Manager. The QP is responsible for monitoring CRM results, flagging and investigating any failures and if necessary, requesting any re-assaying. Typically, five samples preceding and following an unexplained failure are re-assayed using the original sample pulp. Occasionally, re-assaying is requested for a new pulp generated from the crushed reject.

Qualified Person

Technical information in this news release has been reviewed and approved by Wes Hanson, P.Geo., President and CEO of Thunder Gold Corp., who is a Qualified Person under the definitions established by National Instrument 43-101.

About the Tower Mountain Gold Property

The 100%-owned Tower Mountain Gold Property is located adjacent to the Trans-Canada highway, approximately 40 km west of the international port city of Thunder Bay, Ontario. The 2,500-hectare property surrounds the largest, exposed, intrusive complex in the eastern Shebandowan Greenstone Belt where most known gold occurrences have been described as occurring either within, or proximal to, intrusive rocks. Gold at Tower Mountain is localized within extremely altered rocks surrounding the Tower Mountain Intrusive Complex, a multi-phase, long duration intrusive complex that control gold distribution on the Property. Historical drilling has established anomalous gold extending out from the intrusive contact for over 500 metres along a 1,500-metre strike length, to depths of over 500 metres from surface. The remaining 75% of the perimeter surrounding the intrusion shows identical geology, alteration, and geophysical response, offering a compelling exploration opportunity.

About Thunder Gold Corp.

Thunder Gold is advancing the Tower Mountain Project in Thunder Bay, Ontario - an emerging gold system with the scale, consistency, and quality to support a long-life, open-pit operation. Results from our disciplined drill programs have consistently reinforced confidence in the continuity and predictability of the discovery, while highlighting significant potential for expansion across multiple zones of the Tower Mountain Intrusive Complex. With industry-leading drilling costs, existing infrastructure and a skilled local workforce, Tower Mountain represents a rare combination of size, scalability, and cost-effective growth.

At Thunder Gold, our vision is clear: to unlock a discovery that has the potential to become a transformational gold project, delivering long-term value for shareholders while contributing to the future of Canada's mining industry. For more information about the Company, please visit:

www.thundergoldcorp.com

On behalf of the Board of Directors,

Wes Hanson, P.Geo., President and CEO

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

The information contained herein contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities legislation (collectively, "forward-looking statements"). Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. All statements, other than statements of historical fact, are forward-looking statements and are based on predictions, expectations, beliefs, plans, projections, objectives and assumptions made as of the date of this news release, including without limitation; anticipated results of geophysical drilling programs, geological interpretations and potential mineral recovery. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements.

Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: risks related to failure to obtain adequate financing on a timely basis and on acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks associated with mining and exploration; risks related to the maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; risks related to the gold price and other commodity price fluctuations; and other risks and uncertainties related to the Company's prospects, properties and business detailed elsewhere in the Company's disclosure record. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Investors are cautioned against attributing undue certainty or reliance on forward-looking statements. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise any forward-looking statements, other than as required by applicable law, to reflect new information, events or circumstances, or changes in management's estimates, projections or opinions. Actual events or results could differ materially from those anticipated in the forward-looking statements or from the Company's expectations or projections.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/277229

Daily Light Crude Oil Futures
The technical picture isn’t doing the bulls any favors. Crude now sits under a stack of resistance: the 200-day moving average near $60.96, Friday’s high at $60.50, and the 50-day MA at $59.67. That’s a thick ceiling. With momentum flipping lower, traders are again eyeing the short-term retracement zone at $59.23–$58.44 as the next support pocket. Sellers have a cleaner path than buyers right now, and the market is acting like it knows it.

Crude Oil News Today: Ukraine Talks Add Supply Risk
Fundamentals aren’t offering much lift either. Markets are watching slow-moving Ukraine peace talks, and the read is simple: any ceasefire or breakthrough could free up more Russian barrels. Traders don’t need a signed deal — even chatter is enough to cool sentiment. Analysts at PVM echoed the idea that renewed Russian exports would lean on prices, and the market traded that way overnight. Progress remains limited, but the possibility alone keeps buyers cautious.

Oil Prices Projections Weigh Fed Cut Odds Against Supply Swings
The Fed is expected to deliver a quarter-point cut this week, with markets pricing it at roughly 84%. Normally that would lean supportive for crude, but the meeting looks split, and traders aren’t banking on a smooth policy path. In other words, softer rates may help, but not enough to overpower supply-side uncertainty.

Analysts warn that Trump’s push on Ukraine could swing global supply by more than 2 million barrels per day depending on the outcome — a wide range and not one the market is eager to price aggressively.

Supply Wildcards Keep Bulls on the Back Foot
Add in potential new G7/EU curbs on Russian exports, U.S. pressure on Venezuela, and Chinese refiners quietly drawing more Iranian barrels, and the supply picture stays noisy. There’s no clean directional cue here — just a market trying to gauge which lever gets pulled next. Traders aren’t chasing rallies, but they’re not panicking either. They’re waiting.

Bottom Line: Outlook Tilts Bearish Unless Buyers Defend Support
With crude boxed under major moving-average resistance and momentum slipping, the path of least resistance leans lower. If sellers press, that $59.23–$58.44 retracement zone becomes the key area to watch for dip-buyers. Until that holds — and until headlines cooperate — the bias stays bearish.

About Ian Lyall
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Prior to Proactive, Ian helped lead the business output at the Daily... Read more

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Strategic and transformative transaction would sharpen Harmonic's focus on its core Broadband business and advance its growth initiatives
Ensures continued innovation and support for Harmonic Video customers under MediaKind
All cash transaction for approximately $145 million
Conference call today, December 8, 2025, at 8:00 a.m. ET

, /PRNewswire/ -- Harmonic (NASDAQ: HLIT), the worldwide leader in virtualized broadband and video delivery solutions, today announced it has received a binding offer from MediaKind, a global leader in cloud-based video streaming technology, to acquire its Video Business segment for approximately $145 million in cash. The transaction, which is expected to close in the first half of 2026, is subject to a French employee works council consultation process and customary closing conditions and regulatory approvals.

The proposed transaction would accelerate Harmonic's long-term strategy by sharpening its focus on growth priorities in its industry-leading virtualized Broadband business. Additionally, this divestiture would deliver a healthy capital infusion and further bolster Harmonic's balance sheet, providing the financial flexibility to better serve its expanding customer base and build shareholder value.

"This strategic transaction will, if completed, advance the growth strategies of both companies," said Nimrod Ben-Natan, president and chief executive officer of Harmonic. "It would allow Harmonic to zero in on its core Broadband segment, while ensuring the Video Business, its customers and dedicated employees become part of an organization committed to the future of video delivery. We are incredibly proud of our Video team's accomplishments and look forward to the next chapter of this business's growth under MediaKind."

MediaKind CEO Allen Broome added, "This combination would represent a meaningful step forward in our long-term strategy and reflect our commitment to supporting customers with enhanced product solutions. By joining Harmonic's Video Business with MediaKind, we would strengthen our ability to invest across our entire portfolio, led by an expanded and complementary research and development platform that will significantly accelerate innovation. Together, we would create the leading independent streaming infrastructure company, giving customers a stronger, more reliable partner to power the future of video."

Harmonic today is also reaffirming its total company financial guidance for Q4 2025. For further details, please refer to the company's third quarter 2025 results press release.

Advisors: 

Wilson Sonsini Goodrich & Rosati, P.C. is serving as legal advisor to Harmonic, and Jefferies LLC is serving as exclusive financial advisor. Davis Polk & Wardwell is serving as legal advisor to MediaKind, and Moelis & Company is serving as exclusive financial advisor.

Conference Call Information

Harmonic will host a conference call today, Monday, December 8, 2025, at 8:00 a.m. ET (5:00 a.m. PT), to discuss this pending transformative transaction. The live webcast will be available on the Harmonic Investor Relations website at http://investor.harmonicinc.com. To participate via telephone, please register in advance using this link, https://edge.media-server.com/mmc/p/oaqkszn3. A replay will be available after 11:00 a.m. ET on the same website.

About Harmonic Inc. 

Harmonic (NASDAQ: HLIT), the worldwide leader in virtualized broadband and video delivery solutions, enables media companies and service providers to deliver ultra-high-quality video streaming and broadcast services to consumers globally. The company revolutionized broadband networking via the industry's first virtualized broadband solution, enabling operators to more flexibly deploy gigabit internet services to consumers' homes and mobile devices. Whether simplifying OTT video delivery via innovative cloud and software platforms, or powering the delivery of gigabit internet services, Harmonic is changing the way media companies and service providers monetize live and on-demand content on every screen. More information is available at www.harmonicinc.com.

About MediaKind 

At MediaKind, we are trailblazers in the video technology landscape, empowering over 2,000 global service providers, operators, content owners, and broadcasters. Our award-winning video technology sets a new bar for quality of experience, and our commitment to innovation and excellence has been driving the media and entertainment industry to new heights for three decades, while our cutting-edge solutions deliver unmatched viewing experiences across linear, on-demand, and OTT services. As a catalyst for live entertainment and an Emmy award-winning leader, we remain a trusted partner in shaping the future of media and entertainment worldwide. For more information, please visit: www.mediakind.com

Legal Notice Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including statements related to the contemplated sale of Harmonic's Video Business, the timing of the proposed transaction and anticipated benefits of the proposed transaction. Our expectations and beliefs regarding these matters may not materialize and are subject to risks and uncertainties, including the possibility that the proposed transaction does not close due to regulatory approvals not being obtained or other closing conditions not being fulfilled, the works council consultation process is lengthier than anticipated, the proposed transaction encounters unanticipated delays or is postponed or canceled due to a material adverse event or change, and anticipated benefits for Harmonic as a result of the proposed transaction do not fully materialize. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, such as those more fully described in Harmonic's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended Dec.31, 2024, its Quarterly Reports on Form 10-Q and its Current Reports on Form 8-K. The forward-looking statements in this press release are based on information available to Harmonic as of the date hereof, and Harmonic disclaims any obligation to update any forward-looking statements.

Harmonic, the Harmonic logo and other Harmonic marks are owned by Harmonic Inc. or its affiliates. All other trademarks referenced herein are the property of their respective owners.

SOURCE Harmonic Inc.

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As 2025 draws to a close, the Dow Jones Industrial Average (DJIA) is having a superb year, up nearly 13% year to date. While artificial intelligence (AI)-oriented stocks continue to dominate headlines, investors might be surprised to learn that the three stocks leading this venerable index are not pure AI plays. 

Because the index is price-weighted — meaning higher priced stocks have more influence over its direction — it has not been its tilt toward tech giants like Nvidia (NASDAQ:NVDA), Microsoft (NASDAQ:MSFT), and Apple (NASDAQ:AAPL), which together make up about 15% of the Dow’s weighting, that have led it higher. Rather, the top performers in 2025 are Caterpillar (NYSE:CAT), Goldman Sachs (NYSE:GS), and IBM (NYSE:IBM). 

These names have surged on broader economic tailwinds, proving the Dow’s diversified strength beyond just Silicon Valley.

Caterpillar (CAT)
Caterpillar has emerged as the Dow’s undisputed leader in 2025, with shares climbing around 66.3% year to date. This marks a sharp rebound from earlier tariff pressures, driven by robust global demand for construction and mining equipment. 

Although the company’s third-quarter results showed lower year-over-year adjusted profits of $4.95 per share on $17.6 billion in sales, the decline was due to higher global tax rates and a one-time tax charge. Sales, though, rose 10%, largely from higher end-user equipment volumes.

A key catalyst has been the U.S. infrastructure push, including federal spending on roads, bridges, and energy projects. Caterpillar’s backlog remains substantial, signaling sustained revenue visibility. Slightly lower interest rates from Federal Reserve cuts have eased financing for big-ticket purchases, boosting orders. 

Yet, the real surprise is Caterpillar’s pivot to AI-enabling infrastructure. Partnerships like the November deal with Vertiv (NYSE:VTV) for on-site power and cooling in AI data centers position it as a quiet beneficiary of the tech boom, without relying on chip design. Mining electrification trials, such as battery-electric haul trucks with BHP (NYSE: BHP) and Rio Tinto (NYSE:RIO), tap into the energy transition, expanding its total addressable market. 

Analysts now view Caterpillar as a hybrid play, justifying a forward earnings multiple of 27 times. This blend of cyclical recovery and forward-looking bets has propelled it past flashier peers. 

Goldman Sachs (GS)
Goldman Sachs ranks second among Dow leaders, with its stock up over 49% year to date. The investment bank’s resurgence stems from a rebound in dealmaking, fueled by economic stability and pro-business policies. Third-quarter earnings were $12.25 per share, easily beating estimates, on $15.2 billion in revenue, also topping expectations. Mergers and acquisitions volume saw a significant increase in the quarter, and so far this year Goldman has advised on over $1 trillion in announced M&A volume.

Sustained trading revenues and a healthy growth outlook have been pivotal. Goldman Sachs Research forecasts 5% S&P 500 sales growth, in line with expectations for 3% real GDP growth. The firm’s asset and wealth management arms benefited from higher fees amid market volatility, while equity correlations declined, favoring stock-picking strategies that Goldman advises on. Rate cuts have lowered funding costs, enhancing margins on lending and advisory. 

Unlike consumer-focused banks, Goldman’s institutional tilt shields it from retail slowdowns, allowing it to capture upside from corporate optimism. This positioning has driven shares to a new all-time high of $856, underscoring its role in a critical financial sector.

IBM (IBM)
IBM rounds out the trio, delivering a 40% year-to-date gain that has also pushed shares to record closing highs near $308. The legacy tech firm’s turnaround hinges on its software and consulting segments, with third-quarter revenue up 7% to $16.3 billion at constant currency. Non-GAAP operating margins expanded to 18.6%, driven by productivity gains and a richer revenue mix.

Central to this has been the watsonx AI platform and Red Hat integration, boosting bookings and hybrid cloud adoption. Consulting backlog reached $31 billion in the third quarter, fueled by AI transformation projects for cost reduction and modernization. Acquisitions like Apptio and HashiCorp have fortified its IT management and automation offerings. 

IBM has emerged as a major quantum computing stock, benefiting from breakthroughs such as the Nighthawk processor and Advanced Micro Devices (NASDAQ:AMD) partnerships, while the Digital Asset Haven for tokenized assets eyes a $16 trillion opportunity by 2030. 

Under CEO Arvind Krishna, IBM has consistently beaten expectations, raising full-year guidance to 5% growth and $14 billion in free cash flow. This execution has doubled the stock from 2022 lows, validating its premium valuation at 36 times earnings. 

Launch targets $16 billion SGLT-2 inhibitor market that serves 33 million type II diabetics in the US, many of whom are uninsured and underinsured and whose out-of-pocket costs exceed Brenzavvy's cash price

Proprietary EinsteinRx™ artificial intelligence pharmacy platform empowers the 6,500+ pharmacies in the Wellgistics Pharmacy Network to educate patients and providers on the advantages of Brenzavvy vs. Jardiance® and other SGLT-2 inhibitors

Reduced out-of-pocket costs for patients, paired with a patient-education revenue opportunity for pharmacists, are designed to support broader market access to Brenzavvy and enhance the overall care experience

Launch establishes a new model for next-generation reformulated drugs that offer patient-specific product advantages compared with entrenched market leaders

TAMPA, FL / ACCESS Newswire / December 8, 2025 / Wellgistics Health, Inc. ("Wellgistics") (NASDAQ:WGRX), a health information technology leader, integrating proprietary pharmacy dispensing optimization artificial intelligence platform EinsteinRx™ into its patented blockchain-enabled smart contracts platform PharmacyChain™, today announced that it has begun the commercial launch of diabetes prescription drug Brenzavvy® to its network of 6,500 independent pharmacies (the "Wellgistics Pharmacy Network") that primarily target patients in rural communities where there is often an increased incidence of diabetes. The launch is targeting the 33 million Americans who have been diagnosed with type II diabetes[1] and whose out-of-pocket costs for SGLT-2 drugs exceed the Brenzavvy cash price.

Jardiance® and other SGLT-2 inhibitor drugs reached sales of $16.8 billion in 2024, with projected growth projected to reach $28.9 billion by 2033. The United States represents 40.8% of that market according to Grandview Research[2]. A large scale analysis of data from 28 US health systems in 2022-2023 showed that guideline-recommended prescription of SGLT-2 inhibitors in diabetics with a class 1A recommendation is only 11.9%[3], leading to suboptimal care for the vast majority of such patients. As the Company's proprietary EinsteinRx artificial intelligence pharmacy platform is being rolled out into the Wellgistics Pharmacy Network's point-of-sales systems, Wellgistics will alert pharmacists to patients with a likely class 1A recommendation for a SGLT-2 inhibitor, as well as the likely patient benefit from dispensing Brenzavvy vs. other SGLT-2 inhibitors in the majority of cases where such a class 1A recommendation does not exist. Once alerted, pharmacists will be able to work to rapidly educate the provider on the benefits of Brenzavvy vs. other SGLT-2 inhibitors in patients without cardiovascular disease or chronic kidney disease (CKD). Brenzavvy's competitive price point when compared with the out-of-pocket costs of Jardiance & other SGLT-2 inhibitors, provides a compelling rationale for pharmacist-driven education of providers to help optimize prescribing decisions and help improve patient access.

"By rapidly helping providers optimize therapy selection for patients without delaying dispensing timelines, pharmacists are uniquely positioned to help drive better outcomes for their patients without increasing out-of-pocket costs," said Prashant Patel, RPh, President & Interim-CEO of Wellgistics Health. "Pharmacists are one of the most trusted sources of information about how prescription drugs will impact the health of patients, especially in rural communities. EinsteinRx is empowering these trusted healthcare professionals with the advanced technology they need to get the right drug to the right patient at the right time. With the launch of Brenzavvy through our Wellgistics Pharmacy Network, we can provide remuneration opportunities for both products and services, with the latter helping pharmacists improve their ROI by educating providers on the patient-specific advantages of Brenzavvy. We believe that this pharmacist-led provider education model will enable the blueprint for other later-generation drugs with similar product profile advantages to rapidly establish market share."

About Wellgistics Health, Inc.

Wellgistics Health (NASDAQ: WGRX) is a health information technology leader, integrating proprietary pharmacy dispensing optimization artificial intelligence platform EinsteinRx™ into its patented blockchain-enabled smart contracts platform PharmacyChain™ to optimize the prescription drug dispending journey. Its integrated platform connects 6,500+ pharmacies (the "Wellgistics Pharmacy Network") and 200+ manufacturers, offering wholesale distribution, digital prescription routing, direct-to-patient delivery, and AI-powered hub services such as eligibility, adherence, onboarding, prior authorization, and cash-pay fulfillment as needed to optimize patient access. Wellgistics provides end-to-end solutions designed to restore access, transparency, and trust in the U.S. prescription drug market for independent pharmacies.

For more information, visit www.wellgisticshealth.com.

Forward-Looking Statements

This press release contains forward‑looking statements within the meaning of the federal securities laws, including, without limitation, statements regarding the parties' plans to negotiate definitive agreements, potential implementation, adoption, performance, revenue sharing, and other anticipated benefits of the contemplated collaboration. These statements are subject to risks and uncertainties that could cause actual results to differ materially, including those described in DataVault AI, Inc.'s and Wellgistics Health, Inc.'s filings with the SEC. Forward‑looking statements speak only as of the date hereof, and neither company undertakes any obligation to update them except as required by law. Additional factors are discussed in Wellgistics Health's filings with the SEC, available at www.sec.gov.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction, and there shall be no sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Wellgistics Media & Investor Contact

Media:
[email protected]

Investor Relations:
[email protected]

Wellgistics Investor Relations Contact

Skyline Corporate Communications Group, LLC
Scott Powell, President
1177 Avenue of the Americas, 5th Floor
New York, NY 10036
Office: (646) 893-5835
Email: [email protected]

A Kroger grocery store parking lot with designated spaces for customer pick up.

Jeffrey Greenberg/Universal Images Group via Getty Images

Maybe the robots aren’t coming for us after all, as grocery retailer Kroger confirmed its retreat from its once-ambitious partnership with fulfillment specialist Ocado.

The decision may have delivered a windfall to the U.K. automation specialist but underscores mounting pressures facing the largest traditional grocer in the U.S. as it rethinks how best to serve online customers.

Ocado will receive a one-time payment of $350 million from Kroger after the chain decided to shutter three of its automated customer fulfillment centers and curb plans for a broader nationwide rollout.

The payout, more generous than initially disclosed, draws a line under a strategy once slated to redefine Kroger’s e-commerce footprint but which has instead become an expensive detour.

Kroger disclosed the closures last month as part of a sweeping operational review that revealed its Ocado-powered warehouse network was consistently falling short of internal financial targets. The company said it would book a $2.6 billion impairment, related largely to its new online strategy and asset writedowns at the automated sites.

While the grocer emphasized it remains committed to digital growth, the adjustment amounts to an acknowledgment that a system designed to centralize order fulfillment in large, highly automated hubs has not scaled as intended. Instead, Kroger is pivoting back toward fulfilling a greater share of online orders from its extensive store estate, which covers more than 2,700 locations across 35 states.

Kroger And Ocado Sites RemainOcado said Friday that it will continue to operate five active fulfillment centers for Kroger, while a sixth facility in Phoenix is still scheduled to open next year. But a planned site in Charlotte, North Carolina, has been scrapped entirely.

The payment, which includes $250 million previously announced, will be made in January and is intended to settle obligations related to the canceled facilities and recalibrate the long-term economics of the partnership.

For its part, Ocado reaffirmed its target of turning cash-flow positive in its 2026 fiscal year, insisting it will pursue that goal through a combination of international growth and tighter cost controls. The news prompted a stock price spike for Ocado before it dropped away again, leaving its shares down over 40% on the year.

The shift marks a sharp reversal for a partnership that launched in 2018 with the ambition of building up to 20 automated hubs. At the time, Kroger described Ocado’s robotics and routing systems as an opportunity to leapfrog rivals in e-commerce.

Early tests appeared promising, but volumes have remained stubbornly below projections, particularly in regions where Kroger’s market share is thinner and where consumer adoption of delivery remains uneven. The economics of large, automated warehouses in the U.S. have struggled to compete with the speed and density advantages of store-based fulfillment, especially as customers have gravitated toward pickup services.

The strategic reversal comes as Kroger faces an increasingly complex landscape. The company is navigating a still-uncertain consumer environment marked by persistent inflation in key food categories, heightened price sensitivity and intensifying competition from Walmart, Costco and Amazon.

Kroger Earnings Under PressureKroger’s most recent quarterly results showed modest total sales growth but shrinking operating margins, reflecting both promotional pressure and rising labor and logistics costs. The company ended its last fiscal year with roughly $19 billion of long-term debt and has been working to preserve cash ahead of its proposed merger with Albertsons, which remains under regulatory scrutiny.

Kroger’s decision to unwind a portion of the Ocado build-out allows it to redirect capital toward areas that offer more predictable returns, including store remodels, private-label expansion and digital loyalty initiatives.

For Ocado, Kroger represented the company’s most important international contract, both for scale and for proof-of-concept in the world’s largest grocery market. The recalibration inevitably raises questions about whether Ocado’s capital-intensive technology can justify its cost outside the densest urban areas.

Ocado has focused on automation, but for Kroger robots have proved costly.

PA Images via Getty Images

Ocado’s leadership has maintained that the U.S. still represents meaningful growth potential and that the exclusivity arrangement with Kroger has not prevented it from continuing discussions with other retailers for future opportunities.

Yet the Kroger pullback adds to a string of setbacks. In the U.K., Morrisons said last year it would reduce its reliance on Ocado’s centralized warehouses and shift more online fulfillment back to its stores, using Ocado’s in-store picking software rather than the full automation suite. Other global partners, including Aeon in Japan, Casino in France, Coles in Australia and Sobeys in Canada, continue to build out Ocado-powered facilities, but none offers the scale or symbolic significance that a full U.S. rollout would have provided.

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In the U.S., Ocado’s challenges have been amplified by a market that is fragmented, logistically complex and increasingly dominated by retailers with vertically integrated fulfillment networks. Amazon continues to invest heavily in same-day nodes that are tightly aligned with its Whole Foods and Amazon Fresh operations, despite ongoing issues in the grocery market.

Meantime, Walmart has leaned on its vast store base to create a hybrid fulfillment model that has proved both flexible and cost-effective.

Kroger Shoppers Opt For PickupFor Kroger, the priority now is stabilizing its digital economics. While online grocery sales for the company have grown significantly over recent years, profitability remains elusive. The grocer believes that shifting more fulfillment back into stores will allow it to use existing labor and inventory more flexibly, reduce delivery distances and improve order cycle times.

The company has also been experimenting with smaller, regionally-dispersed delivery spokes designed to support store-based fulfillment without the cost of an Ocado hub.

And that means that for Ocado the challenge now is to show that its model can prevail even when Kroger, one of its most important partners has decided that scale, at least for now, is better achieved through stores that are closer to customers and cheaper to operate than a warehouse full of robots.

VANCOUVER, BC / ACCESS Newswire / December 8, 2025 / Electric Royalties Ltd. (TSXV:ELEC)(OTCQB:ELECF) ("Electric Royalties" or the "Company") is pleased to provide an update on key royalties in its portfolio, adding to the December 2, 2025 announcement of royalty revenues and other milestones relating to the Company's copper assets.