Market Signal Briefing

Hans J. De Cuyper
CEO & Executive Director

Good morning, ladies and gentlemen. I'm here in the room with Wim Guilliams, our CFO; and Heidi Delobelle, Managing Director, Belgium and CEO of AG Insurance.

Thank you all for joining us on this investor call. Today, I'm very proud that after the acquisition of esure earlier this year, I can announce a second milestone transaction that will reshape our growth. Ageas will acquire full ownership of AG Insurance, the company that lies at the origin of the group that Ageas is today.

I'm equally pleased by the recognition we get from our largest shareholder, BNP Paribas, in support of our strategic focus, both at the corporate level and at the level of AG Insurance. This is illustrated by the step-up of BNP Paribas in our shareholdership, their respect for our autonomy and their commitment to reconfirm the long-term distribution agreement of AG's products in Belgium to BNP Paribas Fortis.

The agreement that I can announce today is setting us on a promising course for future growth for both AG and Ageas, and it accelerates our journey towards delivering on our Elevate27 ambitions.

Let's first take a look at the most impactful part, our agreement to acquire full ownership of AG Insurance as well as the rights to underwrite the existing 25% quota share from 2027 onwards. You may remember that currently, the quota share is

Oral Presentation highlighted new scientific evidence that DOR is expressed on tumor-associated Myeloid-Derived Suppressor Cells (MDSCs), and its inhibition decreases immune suppressing capabilities of MDSCs by downregulating expression of multiple genes associated with MDSC induced immunosuppression

Data presented in the Company's poster demonstrated that the DOR is also expressed on tumor associated macrophages (TAMs) and DOR inhibition appears to reverse TAM mediated T cell suppression with the potential to overcome resistance to checkpoint inhibitor and other cancer immunotherapies

, /PRNewswire/ -- TuHURA Biosciences, Inc. (NASDAQ:HURA) ("TuHURA"), a Phase 3 immune-oncology company developing novel technologies to overcome resistance to cancer immunotherapy, today announced that its research on the potential role of the Delta Opioid Receptor (DOR) in controlling the immunosuppressive capabilities of MDSCs was presented in an oral presentation at the 67th American Society of Hematology (ASH) Annual Meeting and Exposition that took place on Sunday, December 7 in Orlando, FL. The Company presented these updated results, along with a poster presentation highlighting the effects of DOR inhibition on TAMs, another immunosuppressive cellular component critical to the tumorigenic microenvironment.

In the oral presentation, entitled: Delta Opioid Receptor (DOR) Expression on Myeloid-Derived Suppressor Cells (MDSCs) Represents a Novel Target to Overcome Resistance to Immune Checkpoint Inhibitors (ICIs), Dr. Michael Turner, Vice President Immunology at TuHURA Biosciences presented updated data validating DOR expression on MDSCs and further showing that the pharmacological antagonism of DOR reduced the suppressive activity of MDSCs. MDSCs are a heterogeneous population of immature myeloid cells that contribute to creating an immunosuppressive tumor microenvironment (TME) by suppressing anti-tumor immune responses. The study showed that antagonism of the DOR with a specific inhibitor modulated a variety of direct and indirect MDSC-mediated immunosuppressive factors and reversed T cell suppression, suggesting the DOR may be a novel target to reprogram MDSC induced immunosuppression in the TME.

In the poster, entitled: Delta Opioid Receptor (DOR): A Novel Target for Reprogramming Tumor-Associated Macrophage (TAM) Immunosuppressive Phenotype to Overcome Acquired Resistance and Enhance the Effectiveness of Cancer Immunotherapies, Dr. Krit Ritthipichai, Director of Immunology at TuHURA Biosciences, presented the results of a study that showed how the DOR is highly expressed in tumor-infiltrating myeloid cells, particularly TAMs, indicating that the TME induces DOR upregulation relative to peripheral macrophages, and that targeting the DOR provides a promising strategy to reprogram suppressive TAMs and MDSCs, alleviate T-cell dysfunction, and potentially overcome resistance to checkpoint blockade and other immunotherapies.

Dr. James Bianco, President and Chief Executive Officer of TuHURA Biosciences, said "Innate immune cells, MDSCs, TAMs, and adaptive regulatory T cells (Tregs) are among the most important cellular components of the body's immune system that provide the ability to regulate inflammation, autoimmunity and immune tolerance. Our discovery of the expression of the DOR on MDSCs and TAMs, and that its activation is coupled to mechanisms by which these cells contribute to immunosuppression, makes the DOR a compelling target for pharmacologic intervention to overcome acquired resistance to cancer immunotherapy. Data demonstrating that the DOR is also expressed on T regs and controls the expression of FOXP3, a critical immunosuppressive gene, provides a shared mechanism by which endogenous opioids, via the DOR, control the immunosuppressive tone of both innate and adaptive immune responses critical in the pathology associated with cancer and autoimmune disease. TuHURA is the first to demonstrate that this single target shares control of the immune suppressive capabilities of these cells and provides us a unique position to exploit pharmacologic modulation of the DOR to overcome resistance to cancer immunotherapy and the treatment of autoimmune and inflammatory diseases."

"The Company has developed a library of highly selective (>1,200 fold) and potent (<1.0 ng/ml) DOR antagonists and is in position to advance our first-in-class immune modulating bi-functional, bi-specific antibody drug conjugates (ADCs). We anticipate our lead ADC candidate to consist of a DOR inhibitor conjugated to our VISTA inhibiting antibody. TuHURA's updates at this ASH meeting demonstrate that elucidating the role of VISTA on macrophages and MDSCs in promoting the progression of myelodysplasia (MDS) to acute leukemia, as well as VISTA's documented role in being central to how leukemia escapes immune recognition, makes it an ideal candidate to link to a DOR inhibitor. Our ADCs have the potential to not only remove the immunosuppressive tone of the TME but to also checkpoint release resting T cells, allowing them to recognize and kill leukemic cells." Dr. Bianco concluded, "We are excited to be at the forefront of these discoveries and look forward to working on the development of a whole new class of ADCs that could meaningfully change the treatment of cancer."

About TuHURA Biosciences, Inc.
TuHURA Biosciences, Inc. (Nasdaq: HURA) is a Phase 3 immuno-oncology company developing novel technologies to overcome primary and acquired resistance to cancer immunotherapy, two of the most common reasons cancer immunotherapies fail to work or stop working in the majority of patients with cancer.

TuHURA's lead innate immune agonist, IFx-2.0, is designed to overcome primary resistance to checkpoint inhibitors. TuHURA has initiated a single randomized placebo-controlled Phase 3 registration trial of IFx-2.0 administered as an adjunctive therapy to Keytruda® (pembrolizumab) compared to Keytruda® plus placebo in first-line treatment for advanced or metastatic Merkel Cell Carcinoma.

In addition to its innate immune agonist product candidates, TuHURA acquired TBS-2025 in its merger with Kineta Inc. on June 30, 2025. TBS-2025 is a VISTA inhibiting mAb asset moving into Phase 2 development in mutNPM1 r/r AML. In addition, TuHURA is leveraging its Delta Opioid Receptor technology to develop first-in-class, bi-specific, bi-functional antibody drug conjugates targeting Myeloid Derived Suppressor Cells to inhibit their immune-suppressing effects on the tumor microenvironment to prevent T cell exhaustion and acquired resistance to checkpoint inhibitors and cellular therapies.

For more information, please visit www.tuhurabio.com and connect with TuHURA on Facebook, X, and LinkedIn.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
This press release contains certain "forward-looking statements" within the meaning of, and subject to the safe harbor created by, Section 27A of the Securities Act, Section 21E of the Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. These Forward-looking statements are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and other future conditions. In some cases you can identify these statements by forward-looking words such as "believe," "may," "will," "estimate," "continue," "anticipate," "intend," "could," "should," "would," "project," "plan," "expect," "goal," "seek," "future," "likely" or the negative or plural of these words or similar expressions. Examples of such forward-looking statements include but are not limited to express or implied statements regarding TuHURA's expectations, hopes, beliefs, intentions or strategies regarding the future and include, without limitation, statements regarding TuHURA's Delta Opioid Receptor Technology, its IFx-Hu2.0 product candidate and Phase 3 trial, and its TBS-2025 asset, and any developments or results in connection therewith and the anticipated regulatory pathway and timing of the foregoing development programs, studies and trials. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. You are cautioned that such statements are not guarantees of future performance and that actual results or developments may differ materially from those set forth in these forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements are described in detail in our registration statements, reports and other filings with the SEC, which are available on the combined company's website, and at www.sec.gov.

The forward-looking statements and other information contained in this press release are made as of the date hereof, and TuHURA does not undertake any obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. Nothing herein shall constitute an offer to sell or the solicitation of an offer to buy any securities.

Investor Contact:
Monique Kosse
Gilmartin Group
[email protected]

SOURCE TuHURA Biosciences, Inc.

Potential divestitures would further enhance portfolio to focus on core businesses which carry best-in-class margins and cash flow generation

NORTH CHARLESTON, S.C.--(BUSINESS WIRE)--Ingevity Corporation (NYSE: NGVT) today announced it has completed the company’s previously disclosed portfolio review process and is in the early stages of exploring strategic alternatives for its Advanced Polymer Technologies (APT) segment and Performance Chemicals Road Markings business, including a potential sale of one or both.

“Ingevity’s leadership team and Board remain focused on unlocking long-term value for shareholders,” said Dave Li, president and CEO of Ingevity. “Having conducted a thorough review of the Ingevity portfolio, we have determined that our APT segment and Road Markings business are not fully aligned with Ingevity’s core competencies nor its future strategic direction, which focuses on consistency, best-in-class margins and superior cash flow generation. As a result, we are exploring strategic alternatives for both businesses that will maximize value for our shareholders and position both APT and Road Markings for long-term success.”

Li continued, “These proactive actions reflect our commitment to building a more agile, future-ready enterprise that is a clear leader in our priority markets and is optimized for superior performance to deliver sustained shareholder returns.”

Ingevity emphasized that it will continue to provide exceptional service and support to customers of both APT and Road Markings throughout the respective review processes. The company cannot ensure that its strategic review will result in one or more transactions and does not intend to disclose further developments unless and until it is determined that further disclosure is appropriate.

Ingevity conference call and webcast

Ingevity is hosting a Strategic Portfolio Update webcast for investors on Monday, December 8, at 9:00 a.m. (Eastern) to provide further commentary on the future strategic direction of the company. Registration for the virtual event can be found here. Visit the Investors section of Ingevity’s website to view the presentation materials. A replay will be accessible following the webcast for those unable to attend live.

Ingevity: Purify, Protect and Enhance

Ingevity provides products and technologies that purify, protect and enhance the world around us. Through a team of talented and experienced people, we develop, manufacture and bring to market solutions that help customers solve complex problems and make the world more sustainable. We operate in three reporting segments: Performance Materials, which includes activated carbon; Advanced Polymer Technologies, which includes caprolactone polymers; and Performance Chemicals, which includes specialty chemicals and pavement technologies. Our products are used in a variety of demanding applications, including adhesives, agrochemicals, asphalt paving, certified biodegradable bioplastics, coatings, elastomers, pavement markings and automotive components. Headquartered in North Charleston, South Carolina, Ingevity operates from 24 locations around the world and employs approximately 1,500 people. The company’s common stock is traded on the New York Stock Exchange (NYSE:NGVT). For more information, visit ingevity.com.

Forward-looking statements: This press release contains “forward looking statements” within the meaning of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Such statements generally include the words “will,” “plans,” “intends,” “targets,” “expects,” “outlook,” “guidance,” “believes,” “anticipates” or similar expressions. Forward looking statements may include, without limitation, anticipated timing, results, charges and costs of: (i) any current or future repositioning of our Performance Chemicals segment, including the sale of the Industrial Specialties product line and North Charleston, South Carolina crude tall oil refinery (the “divestiture”), the oleo-based product refining transition, closure of our plants in Crossett, Arkansas and DeRidder, Louisiana or (ii) the announced review of strategic alternatives for the Advanced Polymers Technologies segment and Road Markings product line (collectively, the “strategic realignment”); the timing and closing of the divestiture; leadership transitions within our organization; the potential benefits of any divestiture, acquisition or investment transaction, expected financial positions, guidance, results of operations and cash flows; financing plans; business strategies and expectations; operating plans; capital and other expenditures; competitive positions; growth opportunities for existing products; benefits from new technology and cost reduction initiatives, plans and objectives; litigation-related strategies and outcomes; and markets for securities. Actual results could differ materially from the views expressed. Factors that could cause actual results to materially differ from those contained in the forward looking statements, or that could cause other forward looking statements to prove incorrect, include, without limitation, charges, costs or actions, including adverse legal or regulatory actions, resulting from, or in connection with, the current or future repositioning of our Performance Chemicals segment, including the divestiture, the oleo-based product refining transition, closure of our plants in Crossett, Arkansas and DeRidder, Louisiana or the strategic realignment; risks related to the satisfaction of the conditions to closing the divestiture in the anticipated time frame or at all; risks that the expected benefits from the divestiture will not be realized or will not be realized in the expected time period; leadership transitions within our organization; adverse effects from general global economic, geopolitical and financial conditions beyond our control, including inflation, global trade tensions, and the Russia Ukraine war and conflict in the middle east; risks related to our international sales and operations; adverse conditions in the automotive market; competition from substitute products, new technologies and new or emerging competitors; worldwide air quality standards; a decrease in government infrastructure spending; adverse conditions in cyclical end markets; the limited supply of or lack of access to sufficient raw materials, or any material increase in the cost to acquire such raw materials; issues with or integration of future acquisitions and other investments; the provision of services by third parties at several facilities; supply chain disruptions; natural disasters and extreme weather events; or other unanticipated problems such as labor difficulties (including work stoppages), equipment failure or unscheduled maintenance and repair; planned and unplanned production slowdowns and shutdowns, turnarounds and outages, attracting and retaining key personnel; dependence on certain large customers; legal actions associated with our intellectual property rights; protection of our intellectual property and other proprietary information; information technology security breaches and other disruptions; complications with designing or implementing our new enterprise resource planning system; government policies and regulations, including, but not limited to, those affecting the environment, climate change, tax policies, tariffs and the chemicals industry; losses due to lawsuits arising out of environmental damage or personal injuries associated with chemical or other manufacturing processes; and the other factors detailed from time to time in the reports we file with the Securities and Exchange Commission (the “SEC”), including those described in Part I, Item 1A. Risk Factors in our most recent Annual Report on Form 10 K as well as in our other filings with the SEC. These forward-looking statements speak only to management’s beliefs as of the date of this press release. Ingevity assumes no obligation to provide any revisions to, or update, any projections and forward-looking statements contained in this press release.

, /PRNewswire/ -- 51Talk Online Education Group ("51Talk" or the "Company") (NYSE American: COE), a global online education platform with core expertise in English education, announced its unaudited results for the third quarter ended September 30, 2025.

Third Quarter 2025 Financial and Operating Highlights

Gross billings[1] for the third quarter of 2025 were US$40.5 million, a 104.6% growth from US$19.8 for the third quarter of 2024.
Net revenues for the third quarter of 2025 were US$26.3 million, an 87.5% increase from US$14.0 million for the third quarter of 2024.
The number of quarterly active students with attended lesson consumption for the third quarter of 2025 was approximately 112,600, representing a 71.4% increase from approximately 65,700 for the third quarter of 2024.
Operating cash inflow for the third quarter of 2025 was US$6.6 million.

Key Financial and Operating Data

For the three months ended

Sep 30,   

Sep 30,   

Period-to-Period

2024

2025

Change

Net Revenues (in US$ millions)

14.0

26.3

87.5 %

Gross Margin

78.7 %

73.3 %

-5.4ppt

Gross Billings (in US$ millions)

19.8

40.5

104.6 %

Active students with attended lesson
 consumption[2] (in thousands)

65.7

112.6

71.4 %

[1] Gross billings for a specific period, which is one of the Company's key operating data, is defined as the total amount of cash received and receivable from third party payment platforms for the sale of course packages and services in such period, net of the total amount of refunds in such period. The gross billings data included herein was from the Company's business system and converted with quarterly corresponding exchange rate, which may lead to differences with bank records.

[2] An "active student with attended lesson consumption" for a given period refers to a student who attended at least one paid lesson, excluding those students who only attended paid live broadcasting lessons or trial lessons.

"I am pleased to report that the third quarter of 2025 represented another period of strong performance for our Company. Gross billings reached US$40.5 million, surpassing our previously issued guidance and demonstrating robust sequential growth of 42.1% quarter-over-quarter and triple-digit year-over-year growth of 104.6%. Crucially, we achieved this rapid expansion while maintaining positive net operating cash flow, which further solidifies our cash position and stands as a testament to our disciplined execution." stated Jack Jiajia Huang, Founder, Chairman, and Chief Executive Officer of 51Talk.

"Our active student base reached 112,600 during the quarter, marking a significant milestone as we surpassed 100,000 active students for the first time since we embarked on our global expansion strategy more than three years ago. We remain confident in both the substantial opportunity presented by the global market and our team's ability to execute our strategic vision and drive sustainable long-term value.

As we enter the fourth quarter of 2025, we consolidate recent rapid growth and expand business momentum with existing and new clients. We continue to build bridges and enable our students to exchange on a global stage, as demonstrated by our recent participation in COP30 held in Brazil in November 2025. Students from five distinct geographies participated in this event, demonstrating the increasingly diversified nature of our portfolio and our successful reach into new markets. We remain focused on executing our strategic priorities while maintaining disciplined capital allocation to drive long-term shareholder value." Jack Jiajia Huang concluded.

Third Quarter 2025 Financial Results

Net Revenues and Gross Margin

Net revenues for the third quarter of 2025 were US$26.3 million, representing an 87.5% increase from US$14.0 million for the same quarter last year. The number of active students with attended lesson consumption was approximately 112,600 in the third quarter of 2025, representing a 71.4% increase from 65,700 for the same quarter last year.

Cost of revenues for the third quarter of 2025 was US$7.0 million, representing a 135.9% increase from US$3.0 million for the same quarter last year. The increase was primarily due to the increase in total service fees paid to teachers, mainly resulting from an increased number of paid lessons.

Gross profit for the third quarter of 2025 was US$19.3 million, representing a 74.4% increase from US$11.1 million for the same quarter last year.

Gross margin for the third quarter of 2025 was 73.3%, compared with 78.7% for the same quarter last year.

Operating Expenses

Total operating expenses for the third quarter of 2025 were US$23.4 million, representing a 97.9% increase from US$11.8 million for the same quarter last year. The increase was mainly due to the increase in sales and marketing expenses. 

Sales and marketing expenses for the third quarter of 2025 were US$17.5 million, representing a 114.7% increase from US$8.2 million for the same quarter last year. The increase was primarily attributable to the rise in marketing and branding expenses resulting from intensified marketing and branding activities, as well as higher sales personnel costs related to increases in the number of sales and marketing personnel. Excluding share-based compensation expenses, non-GAAP sales and marketing expenses for the third quarter of 2025 were US$17.4 million, representing a 114.2% increase from US$8.1 million for the same quarter last year. 

Product development expenses for the third quarter of 2025 were US$1.6 million, representing an 87.8% increase from US$0.8 million for the same quarter last year. The increase was primarily due to higher product development personnel costs. Excluding share-based compensation expenses, non-GAAP product development expenses for the third quarter of 2025 were US$1.6 million, representing a 93.0% increase from US$0.8 million for the same quarter last year. 

General and administrative expenses for the third quarter of 2025 were US$4.3 million, representing a 52.5% increase from US$2.8 million for the same quarter last year. The increase was primarily due to higher general and administrative personnel costs. Excluding share-based compensation expenses, non-GAAP general and administrative expenses for the third quarter of 2025 were US$4.1 million, representing a 51.5% increase from US$2.7 million for the same quarter last year.

Loss from Operations

Operating loss for the third quarter of 2025 was US$4.2 million, compared with operating loss of US$0.8 million for the same quarter last year.

Non-GAAP operating loss for the third quarter of 2025 was US$3.8 million, compared with non-GAAP operating loss of US$0.6 million for the same quarter last year.

Net loss attributable to the Company's ordinary shareholders

Net loss attributable to the Company's ordinary shareholders for the third quarter of 2025 was US$4.8 million, compared with net loss of US$0.6 million for the same quarter last year.

Excluding share-based compensation expenses of US$0.4 million, non-GAAP net loss for the third quarter of 2025 was US$4.4 million, compared with non-GAAP net loss of US$0.4 million for the same quarter last year.

Basic and diluted net loss per share attributable to ordinary shareholders for the third quarter of 2025 was US$0.01, compared with basic and diluted net loss per share of US$0.002 for the same quarter last year.

Excluding share-based compensation expenses of US$0.4 million, non-GAAP basic and diluted net loss per share attributable to ordinary shareholders for the third quarter of 2025 was US$0.01, compared with non-GAAP basic and diluted net loss per share attributable to ordinary shareholders of US$0.001 for the same quarter last year.

Basic and diluted net loss per American depositary share ("ADS") attributable to ordinary shareholders for the third quarter of 2025 was US$0.80, compared with basic and diluted net loss per ADS of US$0.11 for the same quarter last year. Each ADS represents 60 Class A ordinary shares.

Excluding share-based compensation expenses of US$0.4 million, non-GAAP basic and diluted net loss per ADS attributable to ordinary shareholders for the third quarter of 2025 was US$0.74, compared with non-GAAP basic and diluted net loss per ADS attributable to ordinary shareholders of US$0.07 for the same quarter last year.

Balance Sheet

As of September 30, 2025, the Company had total cash, cash equivalents and time deposits of US$36.6 million, compared with US$29.2 million as of December 31, 2024.

The Company had advances from students[3] of US$70.7 million as of September 30, 2025, compared with US$45.1 million as of December 31, 2024.

[3] "Advances from students" is defined as the amount of obligation to transfer goods or service to students or business partners for which consideration has been received from students in advance. The deposits from students are also presented in the total amount of "advances from students".

Outlook

For the fourth quarter of 2025, the Company currently expects net gross billings to be between US$35.0 million and US$38.0 million, which would represent a sequential decrease of 6.1% to 13.5% and an increase of approximately 63.7% to 77.7% from the same quarter in 2024.

The foregoing outlook is based on current market conditions and reflects the Company's current and preliminary estimates of market and operating conditions and customer demand, which are all subject to change.

Conference Call

The Company's management will host an earnings conference call at 8:00 AM U.S. Eastern Time on December 8, 2025 (9:00 PM Singapore/Hong Kong time on December 8, 2025).

Dial-in details for the earnings conference call are as follows:

United States (toll free):

1-888-346-8982

International:

1-412-902-4272

Singapore (toll free):

800-120-6157

Mainland China (toll free):

4001-201203

Hong Kong (toll free):

800-905945

Hong Kong (local toll):

852-301-84992

Participants should dial-in at least 5 minutes before the scheduled start time and ask to be connected to the call for "51Talk Online Education Group."

Additionally, a live and archived webcast of the conference call will be available on the Company's investor relations website at http://ir.51talk.com.

A replay of the conference call will be accessible until December 15, 2025, by dialing the following telephone numbers:

United States (toll free):

1-855-669-9658

International:

1-412-317-0088

Replay Access Code:       

4853089

About 51Talk Online Education Group

51Talk Online Education Group (NYSE American: COE) is a global online education platform with core expertise in English education. The Company's mission is to make quality education accessible and affordable. The Company's online and mobile education platforms enable students to take live interactive English lessons on demand. The Company connects its students with highly qualified teachers using a shared economy approach, and employs student and teacher feedback and data analytics to deliver a personalized learning experience to its students. 

Use of Non-GAAP Financial Measures

In evaluating its business, 51Talk considers and uses the following measures defined as non-GAAP financial measures by the SEC as supplemental metrics to review and assess its operating performance: non-GAAP sales and marketing expenses, non-GAAP product development expenses, non-GAAP general and administrative expenses, non-GAAP operating expenses, non-GAAP operating income/(loss), non-GAAP net income/(loss), non-GAAP net income/(loss) attributable to ordinary shareholders, and non-GAAP net income/(loss) attributable to ordinary shareholders per share and per ADS. To present each of these non-GAAP measures, the Company excludes share-based compensation expenses. The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. For more information on these non-GAAP financial measures, please see the table captioned "Reconciliations of non-GAAP measures to the most comparable GAAP measures" set forth at the end of this press release.

51Talk believes that these non-GAAP financial measures provide meaningful supplemental information regarding its performance by excluding share-based compensation expenses that may not be indicative of its operating performance from a cash perspective. 51Talk believes that both management and investors benefit from these non-GAAP financial measures in assessing its performance and when planning and forecasting future periods. These non-GAAP financial measures also facilitate management's internal comparisons to 51Talk's historical performance. 51Talk computes its non-GAAP financial measures using the same consistent method from quarter to quarter and from period to period. 51Talk believes these non-GAAP financial measures are useful to investors in allowing for greater transparency with respect to supplemental information used by management in its financial and operational decision-making. A limitation of using non-GAAP measures is that these non-GAAP measures exclude share-based compensation expenses that have been and will continue to be for the foreseeable future a significant recurring expense in the 51Talk's business. Management compensates for these limitations by providing specific information regarding the GAAP amounts excluded from each non-GAAP measure. The accompanying table at the end of this press release provides more details on the reconciliations between GAAP financial measures that are most directly comparable to non-GAAP financial measures.

Safe Harbor Statement

This press release contains statements that may constitute "forward-looking" statements pursuant to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will", "expects", "anticipates", "aims", "future", "intends", "plans", "believes", "estimates", "likely to" and similar statements. Among other things, 51Talk's quotations from management in this announcement, as well as 51Talk's strategic and operational plans, contain forward-looking statements. 51Talk may also make written or oral forward-looking statements in its periodic reports to the Securities and Exchange Commission ("SEC"), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about 51Talk's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: 51Talk's goals and strategies; 51Talk's expectations regarding demand for and market acceptance of its brand and platform; 51Talk's ability to retain and increase its student enrollment; 51Talk's ability to offer new courses; 51Talk's ability to engage, train and retain new teachers; 51Talk's future business development, results of operations and financial condition; 51Talk's ability to maintain and improve infrastructure necessary to operate its education platform; competition in the online education industry in its international markets; the expected growth of, and trends in, the markets for 51Talk's course offerings in its international markets; relevant government policies and regulations relating to 51Talk's corporate structure, business and industry; general economic and business condition in the Philippines, its international markets and elsewhere; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in 51Talk's filings with the SEC. All information provided in this press release is as of the date of this press release, and 51Talk does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

51TALK ONLINE EDUCATION GROUP

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands)

 As of

Dec. 31,

Sep. 30,

2024

2025

US$

US$

ASSETS

Current assets

Cash and cash equivalents

27,758

33,532

Time deposits

1,430

3,093

 Prepaid expenses and other current assets

10,906

22,622

Total current assets

40,094

59,247

Non-current assets

Property and equipment, net

363

1,408

Intangible assets, net

80

71

Right-of-use assets

2,888

3,603

Deferred tax assets

57

56

Other non-current assets

460

481

Total non-current assets

3,848

5,619

Total assets

43,942

64,866

LIABILITIES AND SHAREHOLDERS' DEFICITS

Current liabilities

Advances from students

45,064

70,713

Accrued expenses and other current liabilities

6,644

8,587

Amounts due to related parties

2,853

4,356

Lease liabilities

1,242

1,572

Taxes payable

1,100

1,378

Total current liabilities

56,903

86,606

Non-current liabilities

Lease liabilities

1,441

1,735

Other non-current liabilities

310

334

Total non-current liabilities

1,751

2,069

Total liabilities

58,654

88,675

Total shareholders' deficits

(15,000)

(23,919)

Noncontrolling interests

288

110

Total deficits

(14,712)

(23,809)

Total liabilities and shareholders' deficits

43,942

64,866

51TALK ONLINE EDUCATION GROUP

UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS

(In thousands except for number of shares and per share data)

For the three months ended

For the nine months ended

Sep. 30,

Jun. 30,

Sep. 30,

Sep. 30,

Sep. 30,

2024

2025

2025

2024

2025

US$

US$

US$

US$

US$

Net revenues

14,047

20,398

26,334

34,456

64,979

Cost of revenues

(2,985)

(5,181)

(7,042)

(7,513)

(16,428)

Gross profit

11,062

15,217

19,292

26,943

48,551

Operating expenses

Sales and marketing expenses

(8,171)

(12,821)

(17,544)

(23,267)

(41,442)

Product development expenses

(839)

(1,238)

(1,576)

(2,638)

(3,855)

General and administrative expenses

(2,838)

(3,880)

(4,329)

(8,226)

(11,426)

Total operating expenses

(11,848)

(17,939)

(23,449)

(34,131)

(56,723)

Loss from operations

(786)

(2,722)

(4,157)

(7,188)

(8,172)

Interest income

57

58

138

202

216

Other income/(expenses), net

145

(227)

(482)

1,192

(768)

Loss before income tax expenses

(584)

(2,891)

(4,501)

(5,794)

(8,724)

Income tax expenses

(51)

(169)

(264)

(114)

(590)

Net loss

(635)

(3,060)

(4,765)

(5,908)

(9,314)

Net loss attributable to noncontrolling interests

(17)

(13)

(10)

(51)

(42)

Net loss attributable to the Company's ordinary shareholders

(618)

(3,047)

(4,755)

(5,857)

(9,272)

Weighted average number of ordinary shares used in

computing basic and diluted loss per share

347,705,165

353,922,077

356,502,442

346,515,235

355,882,790

  51TALK ONLINE EDUCATION GROUP

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS

(In thousands except for number of shares and per share data)

For the three months ended

For the nine months ended

Sep. 30,

Jun. 30,

Sep. 30,

Sep. 30,

Sep. 30,

2024

2025

2025

2024

2025

US$

US$

US$

US$

US$

Net loss per share attributable to ordinary shareholders

Basic and diluted

(0.00)

(0.01)

(0.01)

(0.02)

(0.03)

Net loss per ADS attributable to ordinary shareholders

Basic and diluted

(0.11)

(0.52)

(0.80)

(1.01)

(1.56)

Share-based compensation expenses are included in the operating expenses as follows:

Sales and marketing expenses

(27)

(94)

(98)

(87)

(240)

Product development expenses

(29)

(14)

(13)

(86)

(40)

General and administrative expenses

(149)

(237)

(255)

(554)

(710)

51TALK ONLINE EDUCATION GROUP

Reconciliation of Non-GAAP Measures to the Most Comparable GAAP Measures

(In thousands except for number of shares and per share data)

For the three months ended

For the nine months ended

Sep. 30,

Jun. 30,

Sep. 30,

Sep. 30,

Sep. 30,

2024

2025

2025

2024

2025

US$

US$

US$

US$

US$

Sales and marketing expenses

(8,171)

(12,821)

(17,544)

(23,267)

(41,442)

Less: Share-based compensation expenses

(27)

(94)

(98)

(87)

(240)

Non-GAAP sales and marketing expenses

(8,144)

(12,727)

(17,446)

(23,180)

(41,202)

Product development expenses

(839)

(1,238)

(1,576)

(2,638)

(3,855)

Less: Share-based compensation expenses

(29)

(14)

(13)

(86)

(40)

Non-GAAP product development expenses

(810)

(1,224)

(1,563)

(2,552)

(3,815)

General and administrative expenses

(2,838)

(3,880)

(4,329)

(8,226)

(11,426)

Less: Share-based compensation expenses

(149)

(237)

(255)

(554)

(710)

Non-GAAP general and administrative expenses

(2,689)

(3,643)

(4,074)

(7,672)

(10,716)

Operating expenses

(11,848)

(17,939)

(23,449)

(34,131)

(56,723)

Less: Share-based compensation expenses

(205)

(345)

(366)

(727)

(990)

Non-GAAP operating expenses

(11,643)

(17,594)

(23,083)

(33,404)

(55,733)

Loss from operations

(786)

(2,722)

(4,157)

(7,188)

(8,172)

Less: Share-based compensation expenses

(205)

(345)

(366)

(727)

(990)

Non-GAAP loss from operations

(581)

(2,377)

(3,791)

(6,461)

(7,182)

51TALK ONLINE EDUCATION GROUP

Reconciliation of Non-GAAP Measures to the Most Comparable GAAP Measures

 (In thousands except for number of shares and per share data)

For the three months ended

For the nine months ended

Sep. 30,

Jun. 30,

Sep. 30,

Sep. 30,

Sep. 30,

2024

2025

2025

2024

2025

US$

US$

US$

US$

US$

Income tax expenses

(51)

(169)

(264)

(114)

(590)

Less: Tax impact of Share-based compensation expenses

-

-

-

-

-

Non-GAAP income tax expenses

(51)

(169)

(264)

(114)

(590)

Net loss attributable to the Company's ordinary shareholders

(618)

(3,047)

(4,755)

(5,857)

(9,272)

Less: Share-based compensation expenses

(205)

(345)

(366)

(727)

(990)

Non-GAAP net loss attributable to the Company's ordinary shareholders

(413)

(2,702)

(4,389)

(5,130)

(8,282)

Weighted average number of ordinary shares used in

computing basic and diluted loss per share

347,705,165

353,922,077

356,502,442

346,515,235

355,882,790

Non-GAAP net loss per share attributable to ordinary shareholders

Basic and diluted

(0.00)

(0.01)

(0.01)

(0.02)

(0.02)

Non-GAAP net loss per ADS attributable to ordinary shareholders

Basic and diluted

(0.07)

(0.46)

(0.74)

(0.89)

(1.40)

SOURCE 51Talk Online Education Group

December 08, 2025 6:30 AM EST | Source: Carolina Rush Corporation
Toronto, Ontario--(Newsfile Corp. - December 8, 2025) - Carolina Rush Corporation (TSXV: RUSH) (OTCQB: PUCCF) ("Carolina Rush" or the "Company") is pleased to announce that, all required approvals having been received in connection with the Earn-In Option Agreement (the "Agreement") between Carolina Rush and OceanaGold Corporation ("OceanaGold"), all conditions were satisfied and the Agreement became active on November 26, 2025 (see news releases of September 16, 2025 and November 27, 2025 for more information).

The newly formed joint Technical Committee, comprised of two members of each of the companies, has held its first meeting and approved the Stage 1 exploration program and budget, which includes approximately 3,000 meters of drilling beginning January 5, 2026. This Stage 1 exploration program and budget formally commences Phase 1 of the Agreement, during which OceanaGold must spend a minimum of US$1.5 million. To earn a 50% interest in the Brewer Project, OceanaGold must spend a total US$8 million by the end of 2027.

President and CEO of Carolina Rush, Layton Croft, stated: "Our partnership with OceanaGold is off to a great start. Combined technical expertise and knowledge of the large, complex Brewer system helps us de-risk and plan our inaugural deep drill program in alignment together. Our aim is to test Brewer's porphyry copper-gold potential."

Stage 1 Program Overview
The initial deep-drilling campaign will test high-priority porphyry copper-gold targets defined through geologic mapping, geochemistry, and the MT-IP geophysical survey:

DDH A-1 - approximately 1,500 meters planned: oriented to test the strongest portion of the low-resistivity body interpreted as a potential porphyritic intrusion beneath and west of the former Brewer Mine. DDH A-2 - approximately 1,500 meters planned: contingent on A-1 results, this hole will test the southern margin and core of the deep resistivity anomaly, collared in quartz-sericite-pyrite altered volcanic rocks exposed on surface. DDH B-1: approximately 1,000 meters planned: designed to evaluate a separate deep MT-IP anomaly to the north-northwest, in an area with anomalous molybdenum, topaz, and trace chalcopyrite-bornite mineralization never previously drill-tested at depth. These holes collectively aim to determine whether a Cu-Au porphyry system underlies the high-sulfidation epithermal mineralization historically mined at Brewer.

Figure 1: Locations of Proposed Deep Drill Holes for the upcoming drill program at Brewer Gold-Copper Project

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5156/277206_eae8168844a06b48_003full.jpg

Qualified Person
The technical information in this news release has been prepared in accordance with Canadian regulatory requirements as set out in NI 43-101 and reviewed and approved by Patrick Quigley, MSc, CPG-12116, the Company's Senior Geologist and Exploration Manager and a Qualified Person as defined by NI 43-101.

About Carolina Rush
Carolina Rush Corporation (TSXV: RUSH) (OTCQB: PUCCF) is a Southeastern U.S.-focused exploration company advancing the Brewer Gold-Copper Project in South Carolina, which is now under an Earn-In Option Agreement with OceanaGold Corporation. Brewer is a large, underexplored system with demonstrated near-surface Au-Cu epithermal mineralization and potential for deeper porphyry-style mineralization. Brewer is located 13 km from OceanaGold's producing Haile Gold Mine, which has 2025 production guidance of 170,000-200,000 ounces of gold (source: www.oceanagold.com).

The information disclosed from nearby properties is not necessarily indicative to the mineralization at Brewer.

For further information, please contact:
Layton Croft, President and CEO
or
Jeanny So, Corporate Communications Manager
E: [email protected]
T: +1.647.202.0994

For additional information please visit our website at http://www.TheCarolinaRush.com/ and our X feed: https://twitter.com/TheCarolinaRush.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information is characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, and other risks involved in the mineral exploration and development industry, including those risks set out in the Company's management's discussion and analysis as filed under the Company's profile at www.sedarplus.ca. Forward-looking information in this news release is based on the opinions and assumptions of management considered reasonable as of the date hereof, including that all necessary governmental and regulatory approvals will be received as and when expected. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information. The Company disclaims any intention or obligation to update or revise any forward-looking information, other than as required by applicable securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/277206

Atlanta, GA, Dec. 08, 2025 (GLOBE NEWSWIRE) -- Piedmont Realty Trust, Inc. ("Piedmont” or “the Company") (NYSE:PDM), an owner of Class A office properties located primarily in the Sunbelt, announced today, that the Company is participating in this week’s Nareit's REITworld: 2025 Annual Conference in Dallas, TX. The Company has completed over 475,000 square feet of leasing thus far in the fourth quarter, with approximately 275,000 square feet related to new tenants. Almost half of the new tenant leases are for previously vacant space and year-to-date leasing volume now totals approximately 2.3 million square feet.   Approximately 44,000 square feet of the new tenant leases relate to the Company’s out-of-service portfolio which is now approximately 60% leased.

Commenting on fourth quarter operational success to date, Brent Smith, Piedmont's President and Chief Executive Officer, said, "Leasing momentum has continued at a record pace during the fourth quarter as our renovated buildings, combined with a customer-centric, placemaking mindset, continue to resonate with prospective users, both large and small, across a broad range of industries. The leases we have executed thus far this quarter, combined with the approximately 350,000 square feet in our late-stage pipeline, should result in a record leasing year for Piedmont and provide momentum heading into 2026."

About Piedmont Realty Trust

Piedmont Realty Trust™ (NYSE: PDM), is a fully integrated, self-managed real estate investment company focused on delivering an exceptional office environment. As an owner, manager, developer and operator of approximately 16 MM SF of Class A properties across major U.S. Sunbelt markets, Piedmont Realty Trust is known for its hospitality-driven approach and commitment to transforming buildings into premier “Piedmont PLACEs” that enhance each client’s workplace experience.

Contact:          Laura Moon
Company:       Piedmont Realty Trust
Phone:            770 418 8800
Email:              [email protected]

VANCOUVER, British Columbia, Dec. 08, 2025 (GLOBE NEWSWIRE) -- EnviroGold Global Limited (CSE: NVRO | OTCQB: ESGLF | FSE: YGK) (“EnviroGold” or the “Company”) today announced a series of strategic Board and executive leadership enhancements designed to accelerate the commercial rollout of the NVRO Process™, strengthen global execution capability, and support the Company’s transition into a high-growth, revenue-generating clean-technology enterprise.

These changes are driven by increasing customer demand, expanding international project opportunities, and strong alignment with U.S., Australian and EU critical-minerals policies that directly support metal recovery from mine waste.

The refreshed leadership structure, coming into effect on December 15, strengthens governance, improves operational efficiency, and positions EnviroGold to capture rising global demand for sustainable tailings-to-metals solutions, an addressable multi-billion-dollar market that the Company is uniquely equipped to serve.

David Cam Appointed Executive Chairman

EnviroGold’s largest individual shareholder, David Cam, has been appointed Executive Chairman. In this role, he will lead the Company’s global growth strategy, high-level partnerships with major mining groups and technology organizations, capital markets engagement, institutional and investor relations, and strategic investment initiatives. In conjunction with this appointment, Mr. Cam has stepped down from his role as Co-Chief Executive Officer.

Mr. Cam’s appointment ensures continuity, enhanced governance oversight, and a clear focus on shareholder value creation as the Company scales its global footprint.

“EnviroGold is entering the execution phase with cash resources, no debt, and a clear pathway to long-term, recurring revenue. Strengthening our leadership structure ensures discipline, speed and alignment with investor expectations as we build a global clean-technology metals-recovery business,” said David Cam, Executive Chairman.

Grant Freeman Appointed Chief Executive Officer

The Board has appointed Grant Freeman as Chief Executive Officer. Mr. Freeman, who has been an integral part of the EnviroGold team since September 2024 and has a proven track record in commercial operations, project delivery, and technology commercialization aligns directly with EnviroGold’s near-term priorities and long-term strategy.

As CEO, Mr. Freeman will oversee the Company’s operations, including commercial deployments of the NVRO Process™, licensing and recurring-revenue programs, delivery of multiple customer projects across the U.S., Australia, and Europe, and acceleration of EnviroGold’s global execution and scale-up strategy.

“EnviroGold has validated technology, a global market opportunity, and a scalable, capital-light business model. As CEO, my priority is disciplined execution, rapid commercial deployment, and delivering strong returns for our shareholders,” said Grant Freeman, CEO.

Paul McRae Appointed Lead Independent Director

One of the mining industry’s most respected project-execution leaders, Paul McRae, who previously served as Chair of the Board, has assumed the role of Lead Independent Director to further strengthen Board independence under the new Executive Chair structure and support EnviroGold’s next phase of commercialization and growth.

Mr. McRae’s expanded responsibilities include strengthening Board independence and governance discipline, providing strategic oversight during commercial rollout, supporting EnviroGold’s alignment with U.S. and Australian critical-minerals mandates, and guiding project-execution standards as the Company deploys the NVRO Process™ across multiple sites. His experience delivering multi-billion-dollar mining and infrastructure projects provides a significant competitive advantage as EnviroGold scales internationally.

These leadership enhancements and the coordinated transition provide a corporate structure built for growth and value creation and reflect EnviroGold’s evolution into a commercial-ready technology company.

About EnviroGold Global

EnviroGold Global is a clean-technology company enabling the mining industry to recover high-value precious, base and critical metals from mine waste and tailings using its proprietary NVRO Process™. By converting environmental liabilities into economic assets, EnviroGold delivers scalable, low-carbon metal-recovery solutions aligned with critical-minerals mandates and ESG frameworks across the U.S., Australia, Europe and beyond.

Investors can access the Q3 Investor Presentation on the Company’s website at: https://envirogoldglobal.com/investors/, along with the Terra Studio Company Profile at: https://www.terrastudio.biz/blog/post/11325/on-the-cusp-of-formidable-growth/

CONTACTS:
Investor Cubed
Neil Simon, CEO
+1 647 258 3310
[email protected]
[email protected]

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Forward-Looking Information

This news release contains forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking information includes, but is not limited to, statements regarding: the Company’s ability to accelerate the commercial rollout and deployment of the NVRO Process™; the expected timing, scope, and success of commercial deployments, licensing and recurring-revenue programs; the Company’s ability to deliver multiple customer projects in the U.S., Australia, Europe, and other jurisdictions; anticipated growth in customer demand and international project opportunities; the Company’s ability to scale global operations and execution capability; the size and growth prospects of the tailings-to-metals market; the Company’s transition into a high-growth, revenue-generating clean-technology enterprise; and the expected benefits of the Board and leadership enhancements on governance, operational efficiency, commercialization, and shareholder value.

Forward-looking information is based on management’s current expectations and assumptions, including assumptions regarding: continued customer interest and demand for the NVRO Process™; the Company’s ability to negotiate and execute commercial agreements and project schedules on terms acceptable to the Company; availability of capital, personnel, and other resources required to support commercialization and scale-up; access to suitable project sites and ongoing cooperation from customers and partners; the technical performance of the NVRO Process™ at commercial scale; stable supply-chain conditions and logistics; receipt of required permits and regulatory approvals where applicable; and general economic, market, and geopolitical conditions.

Forward-looking information is subject to known and unknown risks and uncertainties that may cause actual results to differ materially from those expressed or implied. These risks and uncertainties include, but are not limited to: risks related to commercialization and execution; the Company’s ability to secure, maintain, and expand customer projects and commercial arrangements; delays or cost overruns in project delivery; technical, operational, and engineering risks associated with scaling deployment of the NVRO Process™; variability in tailings composition and metallurgical performance across sites; permitting, regulatory, or logistical delays; changes in critical-minerals policies or ESG-related frameworks; fluctuations in metals prices and broader market conditions; the availability of financing on acceptable terms or at all; and other risks described in the Company’s continuous disclosure filings available under its profile on SEDAR+.

Readers are cautioned not to place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except as required by applicable securities laws.

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Costco Wholesale (NASDAQ:COST) has long been a terrific investment, delivering superior returns no matter when you bought the stock. Whether you bought shares a year ago, a decade back, or even at the turn of the millennium, the stock’s consistent outperformance stems from its membership-driven model that fosters loyalty and steady revenue. 

Beyond share price gains that often double the broader market, Costco has rewarded investors through reliable dividends. For the past 21 years, it has raised its quarterly payout annually, building a track record of financial discipline. Even more enticing, the company has periodically issued hefty special dividends, turning a good investment into an exceptional one by accelerating total returns. 

On Thursday, Dec. 11, Costco will report its fiscal first quarter 2026 results. Can investors expect another special dividend then?

A Rare Off Year for Costco’s Stock
Despite its phenomenal success, Costco’s shares have faltered in 2025, down more than 2% year-to-date while the S&P 500 has surged 17%. This marks one of the stock’s worst performances against the index in over two decades — it hasn’t performed so poorly since 2002. The divergence underscores a change: after a blistering 39% gain in 2024 (compared to a 25% gain by the benchmark index), Costco entered the year with sky-high expectations, trading at a price-to-earnings ratio exceeding 50 — well above peers like Walmart (NYSE:WMT) or Target (NYSE:TGT).

Several factors explain the retailer’s struggle. First, slowing comparable-store sales growth suggests a mild consumer spending pullback. Fiscal 2025’s fourth quarter saw revenue rise 8%, but comp sales growth slowed to 5.8% from earlier highs, with November’s figures dipping to 6.9% company-wide. Analysts point to inflation-weary consumers trading down or delaying big-ticket buys, despite Costco’s value-oriented focus. 

Second, last year’s membership fee hike that added $5 to Gold Star members and $10 to the Executive tier, juiced Q4 fees by 14% but it sets up tough year-over-year comparisons this time around. 

Third, the stock’s premium valuation leaves little room for error; earnings growth of 9% to 11% annually for the next five years can’t fully justify the multiple when tech giants offer faster expansion at lower multiples.

A Steady but Not Spectacular Outlook
Analysts remain cautiously optimistic for the upcoming quarter. Consensus forecasts call for earnings of $4.27 per share and revenue of $67.15 billion, implying 11% and 8% growth, respectively, from last year. 

These figures build on November’s preliminary sales of $23.64 billion, up 8.1%, with ex-fuel comps at 6.4%. Management hasn’t issued explicit Q1 guidance, but during the Q4 earnings conference call, executives emphasized warehouse expansions, with 35 new locations planned for fiscal 2026, including five relocations, to drive membership renewals above 90%. 

They also highlighted e-commerce growth and international momentum, though U.S. traffic softened slightly. Overall, Wall Street expects a solid beat, but any hint of further comp slowdown could pressure shares.

Odds of a Special Dividend Check
Costco’s special dividends have been a highlight, typically every three years but with flexibility. Here is the history:

Date

Special Dividend Amount

Company Performance before Announcement

December 2023

$15 per share

Solid performance on strength of membership gains

November 2020
$10
Strong performance fueled by pandemic-driven essential goods demand

April 2017
$7
Despite broader retail pressures, its own comps were robust

January 2015
$5
Strong domestic and international comps growth amid warehouse expansion

December 2012
$7

Reflects a recovery after the recession and consistent membership growth

.Table by author. Source: Costco SEC filings.

The three-year cadence suggests we may be early, but past announcements also coincided with a company performance that was usually better than average — double-digit sales gains and positive stock momentum. 

Today’s softer comps and flat shares should temper any potential enthusiasm for a special dividend announcement, though Costco’s $15 billion cash pile and low debt provide it with flexibility. If Costco handily beats Q1 estimates, an announcement is possible, but I wouldn’t count on it.

Key Takeaway
The historical record, Costco’s current underperformance, and comp headwinds make a special dividend unlikely. Still, with shares near 2025 lows and a forward P/E of 40 indicating the stock is a relative bargain, scooping up this dividend stalwart now remains a smart long-term play. 

Costco has a solid competitive moat, and patient investors have always been rewarded.

, /PRNewswire/ -- 51Talk Online Education Group ("51Talk", or the "Company") (NYSE American: COE), a global online education platform with core expertise in English education, today announced that its board of directors has authorized a new share repurchase program under which the Company may repurchase up to US$10 million worth of its shares (including American Depositary Shares) over the next 12 months, ending on December 7, 2026.

The share repurchases may be effected from time to time on the open market at prevailing market prices, in privately negotiated transactions, in block trades and/or through other legally permissible means, depending on market conditions, and will be implemented in accordance with applicable rules and regulations. The Company expects to fund the repurchases out of its existing cash balance.

Safe Harbor Statement

This press release contains statements that may constitute "forward-looking" statements which are made pursuant to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "aims," "future," "intends," "plans," "believes," "estimates," "likely to," and similar statements. 51Talk may also make written or oral forward-looking statements in its periodic reports to the Securities and Exchange Commission ("SEC"), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about 51Talk's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in 51Talk's filings with the SEC. All information provided in this press release is as of the date of this press release, and 51Talk does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

About 51Talk Online Education Group

51Talk Online Education Group (NYSE American: COE) is a global online education platform with core expertise in English education. The Company's mission is to make quality education accessible and affordable. The Company's online and mobile education platforms enable students to take live interactive English lessons on demand. The Company connects its students with highly qualified teachers using a shared economy approach, and employs student and teacher feedback and data analytics to deliver a personalized learning experience to its students.

SOURCE 51Talk Online Education Group

Meta has committed to give Facebook and Instagram users in the European Union a choice when it comes to personalised ads, in line with the EU's Digital Markets Act, the European Commission said on Monday.

SAN DIEGO--(BUSINESS WIRE)--The law firm of Robbins Geller Rudman & Dowd LLP announces that purchasers of Sprouts Farmers Market, Inc. (NASDAQ: SFM) securities between June 4, 2025 and October 29, 2025, both dates inclusive (the “Class Period”), including sellers of put options, have until January 26, 2026 to seek appointment as lead plaintiff of the Sprouts class action lawsuit. Captioned Singh Family Revocable Trust u/a dtd 02/18/2019 v. Sprouts Farmers Market, Inc., No. 25-cv-04416 (D. Ariz.), the Sprouts class action lawsuit charges Sprouts as well as certain of Sprouts’ top executives and auditors with violations of the Securities Exchange Act of 1934.

If you suffered substantial losses and wish to serve as lead plaintiff of the Sprouts class action lawsuit, please provide your information here:

https://www.rgrdlaw.com/cases-sprouts-farmers-market-inc-class-action-lawsuit-sfm.html

You can also contact attorneys J.C. Sanchez or Jennifer N. Caringal of Robbins Geller by calling 800/449-4900 or via e-mail at [email protected].

CASE ALLEGATIONS: Sprouts, together with its subsidiaries, engages in the retailing of fresh, natural, and organic food products.

The Sprouts class action lawsuit alleges that throughout the Class Period defendants created the false impression that they possessed reliable information pertaining to Sprouts’ resilience against macroeconomic pressures, its ability to lap its prior comparables and its overall projected revenue outlook and anticipated growth while also minimizing ongoing risks potentially triggered by reduced spend from a more cautious consumer. In truth, according to the complaint, Sprouts’ optimistic reports of growth and stability in the face of macroeconomic instability fell short of reality, Sprouts’ consumer base was not as resilient to macroeconomic pressures as defendants contended and ultimately reduced spend, the perceived tailwinds from such pressures failed to manifest, and Sprouts’ ability to lap its prior comparables was well overstated, ultimately resulting in Sprouts being unable to meet its lofty growth projections.

The Sprouts class action lawsuit further alleges that on October 29, 2025, Sprouts announced disappointing top-line results for the third quarter of fiscal 2025 with comparable stores growth faltering below Sprouts’ expectations. According to the complaint, Sprouts further announced disappointing fourth quarter guidance and further slashed its full-year estimates, despite raising them only one quarter prior. Sprouts allegedly attributed its results and lowered guidance on “challenging year-on-year comparisons as well as signs of a softening consumer.” On this news, the price of Sprouts stock fell more than 26%, according to the Sprouts class action lawsuit.

THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased or acquired Sprouts securities or sold put options during the Class Period to seek appointment as lead plaintiff in the Sprouts class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the Sprouts investor class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the Sprouts shareholder class action lawsuit. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the Sprouts class action lawsuit.

ABOUT ROBBINS GELLER: Robbins Geller Rudman & Dowd LLP is one of the world’s leading law firms representing investors in securities fraud and shareholder litigation. Our Firm has been ranked #1 in the ISS Securities Class Action Services rankings for four out of the last five years for securing the most monetary relief for investors. In 2024, we recovered over $2.5 billion for investors in securities-related class action cases – more than the next five law firms combined, according to ISS. With 200 lawyers in 10 offices, Robbins Geller is one of the largest plaintiffs’ firms in the world, and the Firm’s attorneys have obtained many of the largest securities class action recoveries in history, including the largest ever – $7.2 billion – in In re Enron Corp. Sec. Litig. Please visit the following page for more information: https://www.rgrdlaw.com/services-litigation-securities-fraud.html

Past results do not guarantee future outcomes.

Services may be performed by attorneys in any of our offices.

BROSSARD, Quebec, Dec. 08, 2025 (GLOBE NEWSWIRE) -- G Mining Ventures Corp. (“GMIN” or the “Corporation”) (TSX:GMIN, OTCQX:GMINF) is pleased to announce that the Guyana Geology and Mines Commission (“GGMC”) has granted a Mining License (the “License”) for the Corporation’s 100%-owned Oko West Gold Project (“Oko West” or the “Project”) located in Region 7, Guyana.

The License was granted effective December 5, 2025, and is valid for twenty years, authorizing development, operation, and commercial gold production at Oko West. This approval marks the final major permitting milestone for the Project and completes the main regulatory requirements necessary for full construction and long-term operations.

The License follows the receipt of the Final Environmental Permit on September 2, 2025 and the Corporation’s formal construction decision on October 23, 2025. Early works began under the Interim Environmental Permit earlier in the year and continue under the Final Environmental Permit, allowing these activities to carry directly into full construction. With all major permits and approvals secured, GMIN is advancing Oko West development and construction in a disciplined manner aligned with the Corporation’s project timeline.

“Securing the Mining License reflects not only the technical robustness of Oko West but also the collaborative relationships we have established with Guyanese authorities, communities, and partners,” said Louis-Pierre Gignac, President & Chief Executive Officer. “Our commitment to responsible development is unwavering, and this milestone positions us to build Oko West into a world-class mining operation that delivers lasting economic and social benefits to Guyana.”

Now that the License has been secured, the Project is poised to begin pre-production open-pit mining in the first quarter of 2026, with assembly of the initial mining equipment fleet already underway. This milestone will further advance the Project as construction efforts progress steadily into the coming year.

About G Mining Ventures Corp.

G Mining Ventures Corp. is a mining company engaged in the acquisition, exploration and development of precious metal projects to capitalize on the value uplift from successful mine development. GMIN is well-positioned to grow into the next mid-tier precious metals producer by leveraging strong access to capital and proven development expertise. GMIN is currently anchored by the Tocantinzinho Mine in Brazil, supported by the Gurupi Project in Brazil and the Oko West Project in Guyana — all with significant exploration upside and located in mining-friendly jurisdictions. GMIN trades on the TSX under the symbol “GMIN”.

Additional Information

For further information on GMIN, please visit the website at www.gmin.gold or contact:

Jean-François Lemonde 
Vice President, Investor Relations 
514.299.4926
[email protected]

Cautionary Statement on Forward-Looking Information

All statements, other than statements of historical fact, contained in this press release constitute “forward-looking information” and “forward-looking statements” within the meaning of certain securities laws and are based on expectations and projections as of the date of this press release. Forward-looking statements contained in this press release include, without limitation, those related to (i) full construction being underway at Oko West; (ii) the assembly of the initial mining equipment fleet being underway, allowing the beginning of pre-production open-pit mining in the first quarter of 2026; (iii) Oko West advancing in a disciplined manner and within timeline; (iv) the progress on the tailings storage facility; (v) the systematic advancement of Oko West’s development plan; (vi) GMIN’s unwavering commitment to responsible development; (vii) the quoted comments and expectations of GMIN’s President & Chief Executive Officer; and (viii) more generally, the section entitled “About G Mining Ventures Corp.”

Forward-looking statements are based on expectations, estimates and projections as of the time of this press release. Forward-looking statements are necessarily based upon several estimates and assumptions that, while considered reasonable by the Corporation as of the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect. Such assumptions include, without limitation, those relating to GMIN continuing to generate strong free cash flow and strong profitability, those relating to GMIN’s self-perform construction model and ability to deliver large-scale projects, those relating to the price of gold (in particular, the average realized gold price) and currency exchange rates, those outlined in the feasibility study for Oko West (notably the Project’s technical attributes and its economics), and those underlying the items listed on the above sections entitled “Corporate Timetable and Next Steps” and “About G Mining Ventures Corp.”

Many of these uncertainties and contingencies can directly or indirectly affect, and could cause, actual results to differ materially from those expressed or implied in any forward-looking statements. There can be no assurance that, notably but without limitation, (i) Oko West’s upcoming key milestones will be achieved as contemplated or at all; (ii) GMIN will evolve into a true multi-asset producer; (iii) there will be no additional important regulatory requirements for Oko West; (iv) Oko West will prove one of the most important gold projects in the Americas; (v) pre-production open-pit mining will begin in the first quarter of 2026, or at all; (vi) GMIN’s exploration activities at Oko West will lead to additional resources and eventually to reserves and additional gold production; (vii) GMIN has secured all funding required to advance Oko West into commercial production; (viii) GMIN will continue to benefit from the support of the Government of Guyana and its above-named agencies and authorities; (ix) the aggregate plant will be installed on schedule at Oko West; (x) Oko West will be brought into commercial production on time and within budget, or at all; (xi) Oko West will be a world-class mining operation delivering lasting economic and social benefits to Guyana; or (xii) GMIN will use TZ and Oko West to grow into the next mid-tier precious metals producer, as future events could differ materially from what is currently anticipated by the Corporation. In addition, there can be no assurance that Brazil and/or Guyana will remain mining friendly and prospective jurisdictions.

By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that estimates, forecasts, projections and other forward-looking statements will not be achieved or that assumptions do not reflect future experience. Forward-looking statements are provided for the purpose of providing information about management’s expectations and plans relating to the future. Readers are cautioned not to place undue reliance on these forward-looking statements as several important risk factors and future events could cause the actual outcomes to differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates, assumptions and intentions expressed in such forward-looking statements. All of the forward-looking statements made in this press release are qualified by these cautionary statements and those made in the Corporation’s other filings with the securities regulators of Canada including, but not limited to, the cautionary statements made in the relevant sections of the Corporation’s (i) Annual Information Form dated March 27, 2025, for the financial year ended December 31, 2024, and (iii) Management Discussion & Analysis. The Corporation cautions that the foregoing list of factors that may affect future results is not exhaustive, and new, unforeseeable risks may arise from time to time. The Corporation disclaims any intention or obligation to update or revise any forward-looking statements or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law.

Todd Combs is leaving Warren Buffett's Berkshire Hathaway to join JPMorgan

By

Theron Mohamed

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Warren Buffett, the CEO of Berkshire Hathaway.

Nati Harnik/AP

2025-12-08T11:46:04.809Z

One of Warren Buffett's key deputies is leaving Berkshire Hathaway.
Todd Combs, the CEO of Berkshire-owned Geico, is joining JPMorgan to head up a new unit.
Combs' departure comes after five years as head of Geico.

One of Warren Buffett's top lieutenants is leaving Berkshire Hathaway to join JPMorgan.

Todd Combs, one of Buffett's two investment managers and the CEO of Berkshire-owned Geico, will lead JPMorgan's $10 billion Strategic Investment Group, part of its new Security and Resiliency Initiative.

The initiative is aimed at helping companies to accelerate growth, boost innovation, and bolster manufacturing, particularly in the US.

Who is Berkshire Hathaway's new CEO and can he live up to Warren Buffett's legacy?

This is a developing story.

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– First real-world evidence for a menin inhibitor shows 77% ORR (10/13), 31% (4/13) CR/CRh, 75% (9/12) MRD negativity, and favorable tolerability among primarily R/R NPM1m, KMT2Ar, and NUP98r acute leukemia pts –

– Retrospective review shows revumenib was well tolerated as post-HSCT maintenance in children with KMT2Ar and NUP98r; all pts were alive and 90% (9/10) were relapse free at median follow-up of 19 months –

 – Ph 2 SAVE trial of revumenib with venetoclax/HMA in newly diagnosed NPM1m and KMT2Ar AML shows 86% ORR (18/21), 76% CR (16/21), and 100% (18/18) MRD negativity among responders –

 – Ph 1 trial of revumenib with intensive chemotherapy in newly diagnosed NPM1m and KMT2Ar AML pts shows favorable tolerability and robust activity, including 92% (24/26) CRc –

NEW YORK, Dec. 08, 2025 (GLOBE NEWSWIRE) -- Syndax Pharmaceuticals (Nasdaq: SNDX), a commercial-stage biopharmaceutical company advancing innovative cancer therapies, today highlighted key Revuforj® (revumenib) presentations spanning the acute leukemia treatment continuum that have been presented at the 67th American Society of Hematology (ASH) Annual Meeting being held in Orlando, Florida, December 6-9, 2025. In total, Syndax and its collaborators will present 12 Revuforj abstracts at the 2025 ASH Annual Meeting. Revuforj is the Company's oral, first-in-class, FDA-approved menin inhibitor.

“We are thrilled to share new data, including the first real-world evidence for the class, showing that revumenib is highly efficacious with a favorable safety profile in multiple acute leukemia subtypes and settings, including in combination with standard of care therapies. Notably, the datasets show deep responses in R/R and frontline NPM1m and KMT2Ar acute leukemia, as well as encouraging safety and early efficacy in post-HSCT maintenance,” said Nick Botwood, MBBS, Head of Research & Development and Chief Medical Officer at Syndax. “With the initiation earlier this year of the pivotal frontline trial in patients unfit for intensive chemotherapy, and the recent initiation of our pivotal frontline trial in fit patients, Syndax is well positioned to further expand the clinical data supporting revumenib and lead in the frontline setting with this exciting new class of therapy.”

Overview of Key Revumenib Data Presented at the 67th ASH Annual Meeting

Early real-world experience with revumenib outside of a clinical trial setting: A single center retrospective review of efficacy and tolerability (Abstract #3448)

This presentation reported efficacy and tolerability data from a single-center retrospective review of 17 patients treated with Revuforj outside of a clinical trial. The median age was 54 years (range: 23-79). 47% (8/17) of patients had KMT2Ar, 29% (5/17) had NPM1m, and 18% (3/17) had NUP98r acute leukemia. Patients had a median of four prior lines of therapy (range: 0-6), including 71% (12/17) with prior venetoclax and 35% (6/17) with prior hematopoietic stem cell transplant (HSCT).

Revuforj was used as part of combination therapy in 82% (14/17) of patients, with venetoclax and a hypomethylating agent being the most common partner. Of the 17 patients treated with Revuforj, 13 patients were included in the efficacy analysis (four patients were excluded: one with false positive KMT2Ar test result, one who received Revuforj only as post-HSCT maintenance, and two who received Revuforj as a treatment for measurable residual disease (MRD) positive disease). The overall response rate (ORR) was 77% (10/13), the composite complete remission (CRc) rate was 62% (8/13), and the CR/CRh rate was 31% (4/13). 75% (9/12) of patients were MRD negative at best response. Four patients proceeded to receive a HSCT after revumenib therapy. Among patients who received a HSCT, 75% (3/4) received revumenib as post-HSCT maintenance.

The early real-world evidence supports the safety and tolerability of Revuforj in clinical practice. The rate of Grade 3 or 4 non-hematological adverse events was 24% (4/17). There was no differentiation syndrome (DS) or QTc prolongation above Grade 3. DS and QTc did not lead to treatment discontinuation in any patient. The rate of revumenib dose reductions and discontinuations was low at 6% (1/17) and 6% (1/17), respectively.

“Among a real-world group of heavily pre-treated NPM1m, KMT2Ar, and NUP98r patients who received Revuforj as a monotherapy or in combination, it is very encouraging to observe the vast majority of patients achieve MRD negative responses and to see a meaningful number of patients proceed to a stem cell transplant with durable ongoing remissions. Along with excellent clinical activity, we observed that Revuforj was well-tolerated, including in combination with other therapies,” said David Sallman, M.D., Associate Member in the Department of Malignant Hematology at Moffitt Cancer Center. “Our results underscore the potential for Revuforj to transform the standard of care for patients with menin-dependent acute leukemias.”

Retrospective review of revumenib as post-HSCT maintenance in children with HOX-driven AML (Abstract #3461)

This study retrospectively analyzed ten pediatric patients with HOX-driven AML who received revumenib maintenance after HSCT at a single-center. The median age was 10 years (range: 1-18). 80% (8/10) had KMT2Ar and 20% (2/10) had NUP98r AML. 50% (5/10) of patients had ≥2 prior HSCTs.

Patients completed a median of 2 cycles (range: 1-4) of revumenib pre-HSCT. Patients began revumenib following HSCT, with planned continuation for up to 12 months. Patients resumed revumenib a median of 111 days (range: 58-175) post-HSCT. Patients completed a median of 11 revumenib cycles (range: 3-25) post-HSCT. At a median follow-up of 19 months (range: 4-41), all ten patients were alive, with one relapse, yielding a 90% relapse-free survival.

Revumenib was well tolerated in the post-HSCT maintenance setting, with most adverse events being low grade and manageable. No patients discontinued therapy due to drug-related toxicity.

Results from Phase 2 SAVE trial of revumenib with venetoclax and decitabine/cedazuridine in patients with newly diagnosed AML (Abstract #47)

The Phase 2 SAVE trial is an investigator-sponsored trial evaluating the all-oral combination of revumenib with venetoclax and decitabine/cedazuridine in pediatric and adult patients with R/R or newly diagnosed AML or MPAL harboring either NPM1m, KMT2Ar, or NUP98r alterations. Patients ≥12 years of age with these molecular subtypes who were not candidates for high-intensive chemotherapy were eligible to enroll in the newly diagnosed cohort.

At data cutoff (November 10, 2025), 21 newly diagnosed patients had been enrolled. The median age was 70 years (range: 60-83). 67% (14/21) had NPM1m and 33% (7/21) had KMT2Ar AML.

High rates of response, MRD negativity, and HSCT were observed among NPM1m and KMT2Ar AML patients who received the all-oral combination. The ORR was 86% (18/21) and the complete remission (CR) rate was 76% (16/21). The MRD negativity rate by flow cytometry was 100% (18/18) among responders. 33% (7/21) of patients proceeded to HSCT after receiving the combination, with 57% (4/7) having resumed revumenib as post-HSCT maintenance at the data cutoff.

With a median follow-up of 9 months, the median overall survival (OS) and event-free survival (EFS) were not reached.

The combination was generally well tolerated. The most common (>20%) Grade ≥3 treatment-emergent adverse events (TEAEs) were febrile neutropenia (48%), thrombocytopenia (33%), and neutropenia (24%). There was no treatment-emergent QTc prolongation above Grade 2. Two (10%) patients had Grade 3 treatment-emergent differentiation syndrome (DS) which promptly resolved with steroids. There was no treatment-emergent DS above Grade 3.

Results from Phase 1 trial of revumenib with intensive chemotherapy in patients with newly diagnosed KMT2Ar or NPM1m AML (SNDX-5613-0708) (Abstract #3425)

Preliminary data were reported from the Phase 1, multi-center, open-label, dose-escalation and dose-expansion trial of revumenib in combination with intensive chemotherapy (SNDX-5613-0708). Adults with newly diagnosed KMT2Ar, NPM1m, or NUP98r AML who were candidates for intensive chemotherapy were eligible to enroll. The primary endpoints were the occurrence of dose-limiting toxicities (DLTs) and safety. The secondary endpoints were PK parameters. Exploratory endpoints included the rate of CR, CRc, ORR, and MRD negative CR.   

At the data cutoff (September 30, 2025), 30 patients had been enrolled and treated across two revumenib dose levels (DL1: revumenib 110 or 220 mg q12hr with/without strong CYP3A4i; DL2: 160 or 270 mg q12hr with/without strong CYP3A4i). The median age was 49 years (range: 19-71). 63% (19/30) had KMT2Ar and 37% (11/30) had NPM1m.

The safety profile of the combination was consistent with the profile for intensive chemotherapy alone. The most common treatment-related adverse events (TRAEs) of any Grade were decreases in neutrophil count (31%), anemia (23%), nausea (23%), and vomiting (23%) in DL1, and anemia (18%) in DL2. No cases of DS were reported. No events of QTc prolongation above Grade 3 were reported. The rates of TEAEs leading to revumenib reductions or discontinuations were low at 7% and 13%, respectively. One DLT of Grade 3 QTc prolongation was reported in DL1 in a patient taking several concomitant medications that can also prolong the QTc interval. This patient discontinued revumenib during Cycle 1; of note, at the end of Cycle 1, the patient had achieved MRD-negative CR and proceeded to HSCT.

The early data show encouraging clinical activity with the combination. Across both dose levels combined, the ORR was 96% (25/26), CRc rate was 92% (24/26), CR rate was 69% (18/26), and MRD negative CR rate was 86% (12/14) among patients with MRD results available. Data will continue to mature, and responses could deepen further with longer follow-up, particularly in DL2.

Time to count recovery was rapid and similar at both dose levels. The median time to neutrophil (≥1,000 cells/μL) recovery among CRc responders was 29 days in both DL1 and DL2 in Cycle 1. The median time to platelet (≥100,000 cells/μL) recovery among CRc responders was 28 days and 29 days in DL1 and DL2, respectively, in Cycle 1.

Syndax Investor Event

The Company will host an investor event on Monday, December 8, 2025, at 7:00 a.m. ET to discuss key Revuforj and Niktimvo data presented at the 67th ASH Annual Meeting. The live audio webcast and accompanying slides for the event may be accessed through the Events & Presentations page of the Company's website or directly through the meeting link here.

For those unable to join the live webcast, a replay will be available on the Investors section of the Company's website at www.syndax.com for a limited time.

About Revuforj® (revumenib)

Revuforj (revumenib) is an oral, first-in-class menin inhibitor that is FDA approved for the treatment of relapsed or refractory (R/R) acute leukemia with a lysine methyltransferase 2A gene (KMT2A) translocation as determined by an FDA-authorized test in adult and pediatric patients one year and older. Revuforj is also indicated for the treatment of R/R acute myeloid leukemia (AML) with a susceptible nucleophosmin 1 (NPM1) mutation in adult and pediatric patients one year and older who have no satisfactory alternative treatment options.

Multiple trials of revumenib are ongoing or planned across the treatment landscape, including in combination with standard of care therapies in newly diagnosed patients with NPM1m or KMT2Ar AML.

Revumenib was previously granted Orphan Drug Designation for the treatment of AML, ALL and acute leukemias of ambiguous lineage (ALAL) by the U.S. FDA and for the treatment of AML by the European Commission. The U.S. FDA also granted Fast Track designation to revumenib for the treatment of adult and pediatric patients with R/R acute leukemias harboring a KMT2A rearrangement or NPM1 mutation and Breakthrough Therapy Designation for the treatment of adult and pediatric patients with R/R acute leukemia harboring a KMT2A rearrangement.

IMPORTANT SAFETY INFORMATION

WARNING: DIFFERENTIATION SYNDROME, QTc PROLONGATION, and TORSADES DE POINTES

Differentiation syndrome, which can be fatal, has occurred with Revuforj. Signs and symptoms may include fever, dyspnea, hypoxia, pulmonary infiltrates, pleural or pericardial effusions, rapid weight gain or peripheral edema, hypotension, and renal dysfunction. If differentiation syndrome is suspected, immediately initiate corticosteroid therapy and hemodynamic monitoring until symptom resolution.

QTc prolongation and Torsades de Pointes have occurred in patients receiving Revuforj. Correct hypokalemia and hypomagnesemia prior to and during treatment. Do not initiate Revuforj in patients with QTcF > 450 msec. If QTc interval prolongation occurs, interrupt, reduce, or permanently discontinue Revuforj.

WARNINGS AND PRECAUTIONS

Differentiation Syndrome: Revuforj can cause fatal or life-threatening differentiation syndrome (DS). Symptoms of DS, including those seen in patients treated with Revuforj, include fever, dyspnea, hypoxia, peripheral edema, pleuropericardial effusion, acute renal failure, rash, and/or hypotension.

In clinical trials, DS occurred in 60 (25%) of 241 patients treated with Revuforj at the recommended dosage for relapsed or refractory acute leukemia. Among those with a KMT2A translocation, DS occurred in 33% of patients with acute myeloid leukemia (AML), 33% of patients with mixed-phenotype acute leukemia (MPAL), and 9% of patients with acute lymphoblastic leukemia (ALL); DS occurred in 18% of patients with NPM1m AML. DS was Grade 3 or 4 in 12% of patients and fatal in 2 patients. The median time to initial onset was 9 days (range 3-41 days). Some patients experienced more than 1 DS event. Treatment interruption was required for 7% of patients, and treatment was withdrawn for 1%.

Reduce the white blood cell count to less than 25 Gi/L prior to starting Revuforj. If DS is suspected, immediately initiate treatment with systemic corticosteroids (e.g., dexamethasone 10 mg IV every 12 hours in adults or dexamethasone 0.25 mg/kg/dose IV every 12 hours in pediatric patients weighing less than 40 kg) for a minimum of 3 days and until resolution of signs and symptoms. Institute supportive measures and hemodynamic monitoring until improvement. Interrupt Revuforj if severe signs and/or symptoms persist for more than 48 hours after initiation of systemic corticosteroids, or earlier if life-threatening symptoms occur such as pulmonary symptoms requiring ventilator support. Restart steroids promptly if DS recurs after tapering corticosteroids.

QTc Interval Prolongation and Torsades de Pointes: Revuforj can cause QT (QTc) interval prolongation and Torsades de Pointes.

Of the 241 patients treated with Revuforj at the recommended dosage for relapsed or refractory acute leukemia in clinical trials, QTc interval prolongation was reported as an adverse reaction in 86 (36%) patients. QTc interval prolongation was Grade 3 in 15% and Grade 4 in 2%. The heart-rate corrected QT interval (using Fridericia’s method) (QTcF) was greater than 500 msec in 10%, and the increase from baseline QTcF was greater than 60 msec in 24%. Revuforj dose reduction was required for 7% due to QTc interval prolongation. QTc prolongation occurred in 21% of the 34 patients less than 17 years old, 35% of the 146 patients 17 years to less than 65 years old, and 46% of the 61 patients 65 years or older. One patient had a fatal outcome of cardiac arrest, and one patient had non-sustained Torsades de Pointes.

Correct electrolyte abnormalities, including hypokalemia and hypomagnesemia, prior to and throughout treatment with Revuforj. Perform an electrocardiogram (ECG) prior to initiation of Revuforj, and do not initiate Revuforj in patients with QTcF >450 msec. Perform an ECG at least once weekly for the first 4 weeks and at least monthly thereafter. In patients with congenital long QTc syndrome, congestive heart failure, electrolyte abnormalities, or those who are taking medications known to prolong the QTc interval, more frequent ECG monitoring may be necessary. Concomitant use with drugs known to prolong the QTc interval may increase the risk of QTc interval prolongation.

Interrupt Revuforj if QTcF increases >480 msec and <500 msec, and restart Revuforj at the same dose twice daily after the QTcF interval returns to ≤480 msecInterrupt Revuforj if QTcF increases >500 msec or by >60 msec from baseline, and restart Revuforj twice daily at the lower-dose level after the QTcF interval returns to ≤480 msecPermanently discontinue Revuforj in patients with ventricular arrhythmias and in those who develop QTc interval prolongation with signs or symptoms of life-threatening arrhythmia
Embryo-Fetal Toxicity: Revuforj can cause fetal harm when administered to a pregnant woman. Advise pregnant women of the potential risk to a fetus. Advise females of reproductive potential and males with female partners of reproductive potential to use effective contraception during treatment with Revuforj and for 4 months after the last dose of Revuforj.

ADVERSE REACTIONS

Fatal adverse reactions occurred in 9 (4%) patients who received Revuforj, including 4 with sudden death, 2 with differentiation syndrome, 2 with hemorrhage, and 1 with cardiac arrest.

Serious adverse reactions were reported in 184 (76%) patients. The most frequent serious adverse reactions (≥10%) were infection (29%), febrile neutropenia (20%), bacterial infection (15%), differentiation syndrome (13%), and hemorrhage (11%).

The most common adverse reactions (≥20%) including laboratory abnormalities, were phosphate increased (51%), hemorrhage (48%), nausea (48%), infection without identified pathogen (46%), aspartate aminotransferase increased (44%), alanine aminotransferase increased (40%), creatinine increased (38%), musculoskeletal pain (37%), febrile neutropenia (37%), electrocardiogram QT prolonged (36%), potassium decreased (34%), parathyroid hormone intact increased (34%), alkaline phosphatase increased (33%), diarrhea (29%), bacterial infection (27%), triglycerides increased (27%), phosphate decreased (25%), differentiation syndrome (25%), fatigue (24%), edema (24%), viral infection (23%), decreased appetite (20%), and constipation (20%).

DRUG INTERACTIONS

Drug interactions can occur when Revuforj is concomitantly used with:

Strong CYP3A4 inhibitors: reduce Revuforj doseStrong or moderate CYP3A4 inducers: avoid concomitant use with RevuforjQTc-prolonging drugs: avoid concomitant use with Revuforj. If concomitant use is unavoidable, obtain ECGs when initiating, during concomitant use, and as clinically indicated. Withhold Revuforj if the QTc interval is >480 msec. Restart Revuforj after the QTc interval returns to ≤480 msec
SPECIFIC POPULATIONS

Lactation: advise lactating women not to breastfeed during treatment with Revuforj and for 1 week after the last dose.  

Pregnancy and testing: Revuforj can cause fetal harm when administered to a pregnant woman. Verify pregnancy status in females of reproductive potential within 7 days prior to initiating Revuforj.

Infertility: based on findings in animals, Revuforj may impair fertility. The effects on fertility were reversible.

Pediatric: monitor bone growth and development in pediatric patients.

Geriatric: no overall differences were observed in the effectiveness of Revuforj between patients who were 65 years and older, and younger patients. Compared to younger patients, the incidences of QTc prolongation and edema were higher in patients 65 years and older.

To report SUSPECTED ADVERSE REACTIONS, contact Syndax Pharmaceuticals at 1-888-539-3REV or FDA at 1-800-FDA-1088 or www.fda.gov/medwatch.

Please see Full Prescribing Information, including BOXED WARNINGS.

About Syndax

Syndax Pharmaceuticals is a commercial-stage biopharmaceutical company advancing innovative cancer therapies. Highlights of the Company's pipeline include Revuforj® (revumenib), an FDA-approved menin inhibitor, and Niktimvo™ (axatilimab-csfr), an FDA-approved monoclonal antibody that blocks the colony stimulating factor 1 (CSF-1) receptor. Fueled by our commitment to reimagining cancer care, Syndax is working to unlock the full potential of its pipeline and is conducting several clinical trials across the continuum of treatment. For more information, please visit www.syndax.com/ or follow the Company on X and LinkedIn.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "could," "estimate," "expects," "intend," "may," "plan," "potential," "predict," "project," "should," "will," "would" or the negative or plural of those terms, and similar expressions (as well as other words or expressions referencing future events, conditions or circumstances) are intended to identify forward-looking statements. These forward-looking statements are based on Syndax's expectations and assumptions as of the date of this press release. Each of these forward-looking statements involves risks and uncertainties. Actual results may differ materially from these forward-looking statements. Forward-looking statements contained in this press release include, but are not limited to, statements about the progress, timing, clinical development and scope of clinical trials, the reporting of clinical data for Syndax's product candidates, the acceptance of Syndax and its partners' products in the marketplace, sales, marketing, manufacturing and distribution requirements, and the potential use of its product candidates to treat various cancer indications and fibrotic diseases. Many factors may cause differences between current expectations and actual results, including: unexpected safety or efficacy data observed during preclinical or clinical trials; clinical trial site activation or enrollment rates that are lower than expected; changes to Revuforj's or Niktimvo’s commercial availability; changes in expected or existing competition; changes in the regulatory environment; failure of Syndax's collaborators to support or advance collaborations or product candidates; and unexpected litigation or other disputes. Other factors that may cause Syndax's actual results to differ from those expressed or implied in the forward-looking statements in this press release are discussed in Syndax's filings with the U.S. Securities and Exchange Commission, including the "Risk Factors" sections contained therein. Except as required by law, Syndax assumes no obligation to update any forward-looking statements contained herein to reflect any change in expectations, even as new information becomes available.

Syndax Contact

Sharon Klahre
Syndax Pharmaceuticals, Inc.
[email protected]
Tel 781.684.9827

SNDX-G

Meta Platforms and Alphabet can ride the Nasdaq bull market higher.

The Nasdaq Composite (^IXIC +0.31%) entered a new bull market earlier this year. Since 1990, the index has been through six other bull markets, and it returned an average of 31% annually. That hints at substantial gains in 2026 and beyond. Investors should consider Meta Platforms (META +1.80%) and Alphabet (GOOGL +1.09%) (GOOG +1.16%), two Nasdaq stocks that several hedge fund billionaires bought in the third quarter.

Stanley Druckenmiller of Duquesne Family Office bought 76,100 shares of Meta Platforms and 102,200 shares of Alphabet. They collectively account for 2% of his portfolio.
Israel Englander of Millennium Management purchased 793,500 shares of Meta Platforms and 2.2 million shares of Alphabet. They are now his eighth- and fifth-largest holdings, respectively, excluding options.
Ken Griffin of Citadel Advisors bought 1.4 million shares of Meta Platforms, now his fourth-largest holding excluding options. He also added 2.5 million shares of Alphabet, though it remains a relatively small position.
Philippe Laffont of Coatue Management purchased 355,000 shares of Meta Platforms and 7.3 million shares of Alphabet. They are now his largest and third-largest holdings, respectively.

Here's what investors should know.

Image source: Getty Images.

1. Meta Platforms
Meta Platforms owns three of the four most popular social media networks as measured by monthly active users. Those web properties afford the company insight into consumer likes and dislikes that inform content suggestions and advertising. The ability to engage internet users on such a vast scale has made Meta the second-largest ad tech company.

Malik Ahmed Khan at Morningstar recently wrote, "Meta is a digital advertising juggernaut poised to increase its market share." His confidence is partly due to its dominance in social media, but also to its investments in artificial intelligence (AI). Meta has designed custom AI chips and proprietary large language models to improve content recommendations, and its efforts are paying off.

On the third-quarter earnings call, CEO Mark Zuckerberg said, "Our AI recommendation systems are delivering higher quality and more relevant content." Time spent on Facebook increased 5%, time spent on Threads increased 10%, and engagement time with Instagram videos increased 30%. "Our ads business continues to perform very well, largely due to improvements in our AI ranking systems as well," Zuckerberg added.

Meta reported encouraging financial results in the third quarter. Revenue increased 26% to $51 billion and GAAP net income (excluding a one-time tax charge) increased 20% to $7.25 per diluted share. But the stock fell sharply following the report because the company said capital expenditures will be "notably larger" in 2026.

Wall Street expects Meta's earnings to increase at 17% annually over the next three years, a reasonable estimate given that Grand View Research estimates ad tech spending will grow at 14% annually through 2030. That makes the current valuation of 30 times earnings look tolerable. With the stock still 15% below its record high, now is a good time to buy.

2. Alphabet
Alphabet is the largest ad tech company in the world because of its ability to engage internet users and source data through Google Search and YouTube. While the growing popularity of generative AI tools like ChatGPT is a clear threat to its search advertising business, the company has adapted with features like AI Overviews and AI Mode.

Alphabet has also introduced new advertising tools like AI Max for search campaigns, a suite of targeting and creative features that help brands find new customers. It leans on AI to create ads, customize marketing copy, and direct users to the most appropriate landing page. Research company Gartner expects organic search traffic to fall 50% by 2028, but Alphabet should maintain its dominance in digital advertising.

Meanwhile, Alphabet's Google Cloud is the third-largest public cloud by infrastructure and platform services spending, and it gained 2 percentage points of market share in the past two years largely because of AI expertise. Gartner recently ranked Google as the most capable cloud platform for AI application development, and Forrester Research has recognized its leadership in large language models.

Alphabet reported encouraging third-quarter financial results, beating estimates on the top and bottom lines. Revenue increased 16% to $102 billion, an acceleration from 15% growth in the same period last year. GAAP earnings increased 35% to $2.87 per diluted share. CFO Anat Ashkenazi highlighted strong demand for AI infrastructure, particularly custom chips and Gemini models.

Alphabet shares have advanced 70% year to date, making the valuation less attractive than it was a few months ago. However, Wall Street expects the company's earnings to increase at 16% annually over the next three years, which makes the current valuation of 32 times earnings tolerable. Investors should consider buying a small position today.

Shares of Carvana rose in premarket trading on Monday, as the online used‑car dealer secured a spot in the benchmark S&P 500 index.

HomeEarnings AnalysisTech 

SummaryRubrik (RBRK) delivered a stellar quarter, surpassing expectations on revenue, ARR, margins, and guidance, solidifying its strong buy status.RBRK benefits from powerful AI and cybersecurity tailwinds, expanding partnerships, and rapid growth in identity resilience and AI agent security solutions.Valuation remains reasonable at 11x revenue, with a 33% upside to consensus price targets and potential for upward estimate revisions.Competitive risks exist, but RBRK’s execution, market share gains, and product innovation position it for sustained outperformance. DKosig/iStock via Getty Images

Rubrik (RBRK) delivered a rock-solid quarter in Q3, widely surpassing expectations and laying the groundwork for further growth. The company has a smart business model with powerful industry tailwinds, and the valuation is reasonable for a

Analyst’s Disclosure:I/we have a beneficial long position in the shares of RBRK, ZS, CRWD, NET either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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SODANKYLÄ, FINLAND / ACCESS Newswire / December 8, 2025 / FireFox Gold Corp. (TSX.V:FFOX)(OTCQB:FFOXF)("FireFox" or the "Company") is pleased to report results from an additional four holes of its 2025/26 diamond drilling program at the Company's 100%-held Mustajärvi Gold Project in Lapland, Finland. Drill hole 25MJ005 is among the best holes yet drilled on the property, extending both shallow and deeper high-grade gold zones well to the west from previous drilling at the East Zone. Highlighted intervals are shown below:

12.4 metres averaging 13.75 g/t Au from 37.9 metres

3.75 metres averaging 19.65 g/t Au from 99.85 metres

5.7 metres averaging 17.71 g/t Au from 217.0 metres

The four holes reported in this release (25MJ005 - 25MJ008) test for extensions of mineralization in the East and Northeast Zones (Figure 1). Each hole intersected gold-elevated zones, including high-grade intercepts as shown in Table 1, and provided useful information about the controls on and continuation of the mineralized system at the Mustajärvi Project.

Carl Löfberg, FireFox's CEO, commented about the new results, "Drill hole 25MJ005 is an outstanding result for the growth of the Mustajärvi discovery. Combined with drill hole 25MJ001, these two holes demonstrate continuity of the East Zone gold system well to the southwest from the high-grade core we discovered in 2022. Even better, the system seems to be strengthening in this most recent hole over the 45-metre step out from 25MJ001, as both gold and tellurium grades increase. Both of these holes confirmed a strong electrical geophysics anomaly with stacked intervals of high-grade gold. Both the shallow (<100m depth) and deeper lodes appear to demonstrate similar geochemistry and alteration over more than 200 metres of strike. The reliability of our geophysical toolkit combined with the high grade and improving continuity around the East Zone discovery are important because our team can now use this knowledge to infill and expand the East Zone, as well as test other targets at Mustajärvi. Drilling continues and we have a lot more drill holes to come!"

This work is part of the ongoing program of up to 10,000 metres of diamond drilling planned for Mustajärvi through spring of 2026. The program mixes infill and step-out drilling at existing mineralized zones, and it also tests some new targets both proximal and distal to the main mineralized structures. The team completed the first round of drilling in late October, including 15 drill holes totalling 3985.3 metres. Final assays are pending for the remaining seven holes from the first phase. The team are now conducting the second round of drilling, which is expected to run to the end of January 2026.

Mustajärvi Project and Drill Program Summary

The Mustajärvi Project lies along the highway between the cities of Kittilä and Sodankylä, approximately 17 kilometres east of Kittilä. The project is at a relatively early stage as FireFox and predecessor companies have drilled approximately 15,752 metres prior to the commencement of this program. Drilling has so far delineated three different lodes of gold mineralization along more than 1.5 kilometres of strike. Of the newly reported drill holes 25MJ005, 25MJ006 and 25MJ008 tested for extensions to the East Zone mineralization in three directions, while 25MJ007 tested a gap within the Northeast Zone drilling (Figure 1).

Figure 1. Drill hole locations at Mustajärvi highlighting recent holesDrill hole 25MJ005 tested the conductive zone previously identified by fixed loop electro-magnetic (FLEM) geophysical survey (reported February 20, 2025). An earlier hole from this program, 25MJ001, was collared 45 metres to the northeast and intersected stacked intervals of high-grade gold mineralization coinciding with the conductor, as reported on October 27, 2025.

This hole was collared in thin glacial sediments (approximately 9.0 metres deep), overlying ultramafic volcanic rocks. High-grade gold mineralization starts immediately after the contact between ultramafic volcanic rocks and intensely albite-altered and silicified intermediate tuffites. Gold here is associated with patchy and semi-massive pyrite mineralization, accompanied by quartz-carbonate-tourmaline-pyrite (QCTP) veining and brecciation. The first mineralized interval yielded a high-grade gold zone of 12.4 metres averaging 13.75 g/t Au from 37.9 metres downhole, including 4.1 metres averaging 37.45 g/t Au (Figure 2). This high-grade zone is adjacent to a mafic dike or sill (sometimes the dikes are of ultramafic composition), which is a recurring theme for the high-grade zones at Mustajärvi.

Figure 2. Highly mineralized interval from 25MJ005 with selected assays - note pervasive albite alteration (pink), abundant pyrite, and tourmaline (black) and crosscutting mafic dike.Another high grade-grade gold interval of note was intersected from 99.85 metres downhole returning 3.75 metres averaging 19.65 g/t Au, including 0.8 metres at 53.3 g/t Au and 1.0 metre at 24.6 g/t Au. Mineralization is associated with patchy and semi-massive pyrite hosted in intensely albite-altered metasediments.

These shallower intervals of high-grade gold mineralization are associated with enrichment in the typical suite of pathfinder elements seen at the Mustajärvi East, Northeast, and Central Zones: bismuth (Bi), tellurium (Te), molybdenum (Mo), selenium (Se), and cobalt (Co).

Importantly, the hole intersected deeper high-grade gold mineralization from 217.0 metres associated with a fault-breccia zone with quartz infill and lacking pyrite mineralization (Figure 3). This deeper interval yielded 5.7 metres averaging 17.71 g/t Au, including 1.4 metres at 48.7 g/t Au (the longer interval includes 1.4 metres of core loss). In addition to being much lower in pyrite and albite, the trace element geochemistry of this lower interval is somewhat different, most notably lower in Bi and Mo.

In addition, there are multiple narrow intervals of anomalous gold intersected between 239 metres depth and the end of the hole (305.5m), including four individual intercepts grading between 0.55 g/t Au and 1.19 g/t Au.

Figure 3. Highly mineralized fault breccia from deeper in 25MJ005 with selected assays - note the lower albite content and less pyrite associated with the gold.Drill hole 25MJ006 extended the fence of holes made by 25MJ002 to 25MJ004 (See Company news release dated October 27, 2025). It was collared 125 metres further to the northwest (Figure 1) to test the lithological controls of mineralization in this direction. The hole drilled intensely altered metasediments and intersected three narrow mineralized intervals above 0.5 g/t Au. The most notable interval was at 145 metres depth and returned 1.0m at 16.8 g/t Au. The high-grade mineralization is associated with a brecciated interval including QCTP veining within intensely altered metasediments.

Drill hole 25MJ008 was designed to test for an eastern continuation of the East Zone. The hole was collared in thin glacial sediments (approximately 8.4 metres deep) overlying Savukoski Group ultramafic volcanics. The hole intersected a mineralized contact between the ultramafic volcanic rocks and intensely albite-altered metasediments with QCTP veining at 143.8 metres, where a 1 metre interval yielded 0.65 g/t Au. The best intercept in the hole returned 2.13 g/t Au over 1.7 metres starting from 181.0 metres, hosted in strongly albite-altered intermediate tuffites with QCTP veining.

Drill hole 25MJ007 was the first hole of the program to revisit the Northeast Zone. Limited previous drilling in this zone identified altered metasediment sequences, QCTP veining, and breccias that hosted high-grade gold intervals, similar to those later encountered at the East Zone. The strongest and thickest mineralization in the area occurred in a cluster of holes at the northeastern limit of drilling in the area (see Figure 1). This included bonanza intercepts such as 1.35m averaging 93.88 g/t Au, including 0.65m at 129.5 g/t Au at 184.14 metres depth in 21MJ001 and 16.45m at 7.69 g/t Au from 154.2 metres depth in 21MJ010 (reported on June 17, 2021 and September 9, 2021, respectively).

This hole tested a gap in drilling approximately 100 metres to the west. The hole was collared in thin glacial sediments (approximately 5.8 metres deep) overlying Savukoski Group ultramafic volcanics. It passed through a contact between the ultramafic volcanic rocks and intensely albite-altered metasediments at 30.9 metres depth, cutting several intervals with anomalous gold grades. The most notable interval yielded 0.95 metres at 3.35 g/t Au from 138.15 metres depth. Mineralization is controlled by QCTP veins and veinlets with disseminated pyrite hosted in intensely albite-altered intermediate tuffites. Additional holes in the 2025/2026 program will test for a northeast extension of the Northeast Zone.

Table 1.Selected Drill Intercepts in Drillholes 25MJ005 - 25MJ008

(Cut-off Grade 0.4 g/t Au)

Drill Hole

From

(m)

To

(m)

Interval (m)

Au Grade (g/t)

25MJ005

37.9

50.3

12.4

13.75

Including

45

49.1

4.1

37.45

53.15

54.1

0.95

5.79

59.05

60

0.95

2.43

78.8

81.7

2.9

2.95

99.85

103.6

3.75

19.65

Including

99.85

100.65

0.8

53.3

And including

101.55

102.55

1.0

24.6

217

222.7

5.7*

17.71

Including

218

219.4

1.4

48.7

25MJ006

103.0

104.0

1.0

0.56

111.1

112.6

1.5

0.55

145

146

1.0

16.8

25MJ007

138.15

139.10

0.95

3.35

223.00

225.00

2.0

1.2

25MJ008

143.8

144.8

1.0

0.65

174.3

175.3

1.0

0.49

181.0

182.7

1.7

2.13

* Including 1.4 metres of core loss, which was assigned 0.0 g/t gold in interval calculations.

All intervals are core width; true width has not yet been estimated.

Table 2. Drill Collar Information (coordinates presented in EPSG:3067)

Drill Hole

Easting

Northing

Azimuth (°)

Plunge (°)

Final Depth (m)

25MJ005

428923.3

7500764

335

65

305.5

25MJ006

428958.6

7500998

320

65

167.5

25MJ007

428371.2

7500622

340

55

263.2

25MJ008

429266.2

7500957

320

45

277

Webinar

Join the FireFox team on Monday, December 8th at 1:00pm PST / 4:00pm EST for a company webinar. FireFox Gold Chairman, Patrick Highsmith, will speak with Cory Fleck about the results provided in this news release and the ongoing work at the Company's high-grade Mustajärvi Project. This discussion will also include an overview of FireFox's broader exploration strategy across its portfolio of gold projects in Finland's Central Lapland Greenstone Belt.

Attendees are encouraged to sign up in advance of the event through the registration link provided below.

Webinar Details:

Date: Monday, December 8th, 2025
Time: 1:00pm PST / 4:00pm EST
Registration: https://event.webinarjam.com/gykm4/register/nx2o0cq

Methodology & Quality Assurance

The core was transported from the rig to the Company´s core storage facility in Sodankylä, where FireFox's exploration team conducted the geological and geotechnical logging and selected the assay intervals. Assay intervals were generally 1 metre but in some circumstances were modified according to lithological boundaries and other factors. FireFox geologists maintained chain of custody and sampling procedures according to best industry practice and with due attention to quality assurance and quality control, including sampling ¼ core and crush stage duplicates and insertion of certified standard and blank samples.

FireFox team members transported the drill core samples to an ALS sample prep lab in Sodankylä or to the GeoPool Exploration Hub for core cutting. The split drill core samples were then crushed to -2 mm, split and pulverized into 1kg pulps at ALS Sodankylä, before being shipped to the ALS facility in Rosia Montana, Romania for gold by fire assay of 50 gm aliquots with AAS finish (method Au-AA26). All samples exceeding 50.0 g/t Au were re-assayed with a gravimetric finish (method Au-GRA22). Other elements, altogether 48, were measured after four-acid digestion by ICP-AES and ICP-MS (method ME-MS61) at the ALS facility located in Loughrea, Ireland.

ALS Laboratories is a leading international provider of assay and analytical data to the mining industry. All ALS geochemical hub laboratories, including the Irish facility, are accredited to ISO/IEC 17025:2017 for specific analytical procedures. The Firefox QA/QC program consists of insertion of certificated standard material and blanks inserted by Firefox into the analytical batches did not show deviations from recommended values.

Patrick Highsmith, Certified Professional Geologist (AIPG CPG # 11702) and director of the Company, is a qualified person as defined by National Instrument 43-101. Mr. Highsmith has helped prepare, reviewed, and approved the technical information in this news release.

About FireFox Gold Corp.

FireFox Gold Corp is listed on the TSX Venture Stock Exchange under the ticker symbol FFOX. FireFox also trades on the OTCQB Venture Market Exchange in the US under the ticker symbol FFOXF. The Company has been exploring for gold in Finland since 2017 on a large portfolio of ground prospective for high-grade gold deposits. The delineation of multiple gold zones at the Company's 100%-held Mustajärvi Project is paving the way for the discovery of Finland's next major gold deposit. Finland is one of the top mining investment jurisdictions in the world as indicated by its multiple top-10 rankings in recent Fraser Institute Surveys of Mining Companies. Having a strong mining law and long mining tradition, Finland remains underexplored for gold. Recent exploration results in the country have highlighted its prospectivity, and FireFox is proud to have a Finland based CEO and technical team.

For more information, please refer to the Company's website and profile on the SEDAR+ website at www.sedarplus.ca.

On behalf of the Board of Directors,

"Carl Löfberg"
Chief Executive Officer

CONTACT:
FireFox Gold Corp.
Email: [email protected]
Telephone: +1-778-938-1994

Forward Looking Statements

Although management of the Company believes that the assumptions made and the expectations represented by such statements or information are reasonable, there can be no assurance that forward-looking statements or information herein will prove to be accurate. Forward-looking statements and information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Factors that could cause such differences include changes in the Company's exploration plans, world commodity markets, equity markets, the extent of work stoppage and economic impacts that may result from illness, extreme weather, changes in government and changes to regulations affecting the mining industry.

Forward-looking statements in this release may include statements regarding: the intent to conduct additional drilling; management's belief as to the location of the most prospective gold targets; the location of targets for future drill programs; and the current and future work program, including the extent and nature of exploration to be conducted in 2025-2026. Although we believe the expectations reflected in our forward-looking statements are reasonable, results may vary.

The forward-looking statements contained herein represent the expectations of FireFox as of the date of dissemination and, accordingly, are subject to change after such date. Readers should not place undue importance on forward-looking statements and should not rely upon this information as of any other date. FireFox does not undertake to update this information at any particular time except as required in accordance with applicable laws.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.

SOURCE: FireFox Gold Corp.

VANCOUVER, British Columbia, Dec. 08, 2025 (GLOBE NEWSWIRE) -- Fortuna Mining Corp. (NYSE: FSM | TSX: FVI) is pleased to report additional exploration drilling results from the Southern Arc deposit at its Diamba Sud Gold Project in Senegal. Diamba Sud is a PEA-stage project with robust economics, highlighted by an estimated after-tax NPV5% of US$563 million and an IRR of 72% at a gold price of US$2,750 per ounce. The project is currently advancing toward a feasibility study and a construction decision targeted for the second quarter of 2026.

Paul Weedon, Senior Vice President of Exploration, commented “Southern Arc continues to deliver strong results with high grade intersections from both infill and extension drilling. Infill highlights include drillhole DSDD555, which returned 6.8 g/t gold over an estimated true width of 35.5 meters.” Mr. Weedon continued, “Importantly, drilling to the southwest of the current optimized pit shell is expanding mineralization, returning broad and consistent gold intervals. This includes drill hole DSDD574, which intersected 1.7 g/t gold over an estimated true width of 29.6 meters, and a further 2.0 g/t over an estimated true width of 20.0 meters.” Mr. Weedon concluded, “These results will feed into an updated resource estimate expected in the first quarter of 2026.”

The PEA is preliminary in nature and includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves; as such, there is no certainty that the PEA results will be realized. Mineral resources that are not mineral reserves do not have demonstrated economic viability1

Southern Arc Prospect Drilling Highlights

A further 63 reverse-circulation and diamond drill hole, totalling 9,619 meters, have been completed at Southern Arc (see Figure 1) since the Company´s previous exploration update (refer to Fortuna news release dated May 27, 2025). Drilling is continuing with five drill rigs, with key objectives including:

ongoing infill drilling to support increased resource confidence, andcontinued step-out drilling to the southwest, east, and south, where mineralization remains open DSDD555:6.8 g/t Au over an estimated true width of 35.5 meters from 48.6 meters, including
24.0 g/t Au over an estimated true width of 0.8 meters from 65 meters, and
13.1 g/t Au over an estimated true width of 0.8 meters from 68.5 meters, and
18.5 g/t Au over an estimated true width of 0.8 meters from 74 meters, and
18.7 g/t Au over an estimated true width of 5.6 meters from 80 meters  DSDD558:1.8 g/t Au over an estimated true width of 12.8 meters from 25 meters
8.8 g/t Au over an estimated true width of 14.4 meters from 96 meters, including
22.1 g/t Au over an estimated true width of 0.8 meters from 101 meters, and
18.0 g/t Au over an estimated true width of 0.8 meters from 103 meters, and
11.5 g/t Au over an estimated true width of 0.8 meters from 110 meters  DSDD562:4.5 g/t Au over an estimated true width of 5.6 meters from 146 meters
8.0 g/t Au over an estimated true width of 11.2 meters from 174 meters, including
46.3 g/t Au over an estimated true width of 1.6 meters from 183 meters  DSDD563:5.8 g/t Au over an estimated true width of 20.8 meters from 50 meters, including
23.3 g/t Au over an estimated true width of 1.6 meters from 53 meters, and
21.8 g/t Au over an estimated true width of 1.6 meters from 71 meters
12.2 g/t Au over an estimated true width of 5.8 meters from 86 meters, including
14.7 g/t Au over an estimated true width of 0.8 meters from 87 meters, and
22.1 g/t Au over an estimated true width of 2.2 meters from 90 meters
2.7 g/t Au over an estimated true width of 6.4 meters from 106 meters
7.0 g/t Au over an estimated true width of 4.8 meters from 118 meters, including
15.3 g/t Au over an estimated true width of 1.6 meters from 120 meters  DSDD567:4.6 g/t Au over an estimated true width of 26.6 meters from 96.8 meters, including
15.6 g/t Au over an estimated true width of 0.8 meters from 103 meters, and
13.6 g/t Au over an estimated true width of 1.6 meters from 105 meters, and
18.3 g/t Au over an estimated true width of 1.6 meters from 114 meters  DSDD574:1.7 g/t Au over an estimated true width of 29.6 meters from 93 meters
2.0 g/t Au over an estimated true width of 20.0 meters from 135 meters, including
18.4 g/t Au over an estimated true width of 0.8 meters from 158 meters  DSDD577:4.2 g/t Au over an estimated true width of 21.6 meters from 116.2 meters, including
30.0 g/t Au over an estimated true width of 1.6 meters from 125 meters, and
18.9 g/t Au over an estimated true width of 1.1 meters from 134.3 meters  DSDD578:4.9 g/t Au over an estimated true width of 16.8 meters from 15 meters, including
29.5 g/t Au over an estimated true width of 1.6 meters from 15 meters  DSDD584:5.5 g/t Au over an estimated true width of 17.0 meters from 32.7 meters, including
20.3 g/t Au over an estimated true width of 0.8 meters from 38 meters, and
14.3 g/t Au over an estimated true width of 0.8 meters from 50 meters, and
17.8 g/t Au over an estimated true width of 0.8 meters from 53 meters
7.8 g/t Au over an estimated true width of 1.4 meters from 95.7 meters  DSDD589:3.5 g/t Au over an estimated true width of 26.8 meters from 16 meters, including
15.8 g/t Au over and estimated true width of 0.8 meters from 34 meters   Mineralization at Southern Arc occurs as variably developed fine stockwork vein arrays to diffuse pyrite-silica flooding, showing strong correlation with several tectonic breccia and carbonate units (see Figures 2 and 3). Alteration commonly includes extensive hematite development, consistent with mineralized systems elsewhere at Diamba Sud.

Overall, the latest drilling reinforces the strong potential for continued resource growth at Diamba Sud. Southern Arc remains open to the south, east, and at depth, with drilling to date testing to only approximately 150 meters below surface.

Figure 1: Location plan showing Diamba Sud drilling and Mineral Resource Deposits

Figure 2: Diamba Sud Gold Project: Southern Arc Prospect, cross section 550NE

 

Figure 3: Diamba Sud Gold Project: Southern Arc Prospect, cross section 450NE

Refer to Appendix 1 for complete drill hole collars, significant intercepts, and assay results for this drill program.

Quality Assurance & Quality Control (QA - QC) 

All drilling data completed by the Company utilized the following procedures and methodologies. All drilling was carried out under the supervision of the Company’s personnel.

All reverse circulation (RC) drilling used a 5.25-inch face sampling pneumatic hammer with samples collected into 60-liter plastic bags. Samples were kept dry by maintaining enough air pressure to exclude groundwater inflow. If water ingress exceeded the air pressure, RC drilling was stopped, and drilling converted to diamond core tails. Once collected, RC samples were riffle split through a three-tier splitter to yield a 12.5 percent representative sample for submission to the analytical laboratory. The residual 87.5 percent samples were stored at the drill site until assay results were received and validated. Coarse reject samples for all mineralized samples corresponding to significant intervals are retained and stored on-site at the Company-controlled core yard.

All diamond drilling (DD) drill holes started with HQ sized diameter, before reducing to NQ diameter diamond drill bits on intersecting fresh rock. The core was logged, marked up for sampling using standard lengths of one meter or to a geological boundary. Samples were then cut into equal halves using a diamond saw. One half of the core was left in the original core box and stored in a secure location at the Company core yard at the project site. The other half was sampled, catalogued, and placed into sealed bags and securely stored at the site until shipment.

All RC and DD samples were transported by Company vehicle or commercial courier to ALS Global’s preparation laboratories in Kedougou, Senegal or Bamako, Mali, with prepared sample pulps then transported via commercial courier to ALS Global’s analytical facility in Ouagadougou, Burkina Faso. Routine gold analysis using a 50-gram charge and fire assay with an atomic absorption finish was completed for all samples. Samples returning assays >10 parts per million Au were reanalyzed using a 50-gram charge and fire assay with a gravimetric finish. Quality control procedures included the systematic insertion of blanks, duplicates and sample standards into the sample stream. In addition, the ALS Global laboratory inserted its own quality control samples.

Qualified Person

Paul Weedon, Senior Vice President, Exploration for Fortuna Mining Corp., is a Qualified Person as defined by National Instrument 43-101 being a member of the Australian Institute of Geoscientists (Membership #6001). Mr. Weedon has reviewed and approved the scientific and technical information contained in this news release. Mr. Weedon has verified the data disclosed, including the sampling, analytical and test data underlying the information or opinions contained herein by reviewing geochemical and geological databases and reviewing diamond drill core. There were no limitations to the verification process.

About Fortuna Mining Corp.

Fortuna Mining Corp. is a Canadian precious metals mining company with three operating mines and a portfolio of exploration projects in Argentina, Côte d’Ivoire, Mexico, and Peru, as well as the Diamba Sud Gold Project in Senegal. Sustainability is at the core of our operations and stakeholder relationships. We produce gold and silver while creating long-term shared value through efficient production, environmental stewardship, and social responsibility. For more information, please visit our website at www.fortunamining.com

ON BEHALF OF THE BOARD

Jorge A. Ganoza
President, CEO, and Director
Fortuna Mining Corp.

Investor Relations:
Carlos Baca | [email protected] | fortunamining.com | X | LinkedIn | YouTube

Forward looking Statements

This news release contains forward-looking statements which constitute “forward-looking information” within the meaning of applicable Canadian securities legislation and “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 (collectively, “Forward-looking Statements”). All statements included herein, other than statements of historical fact, are Forward-looking Statements and are subject to a variety of known and unknown risks and uncertainties which could cause actual events or results to differ materially from those reflected in the Forward-looking Statements. The Forward-looking Statements in this news release may include, without limitation, the projected economics of the Diamba Sud Project, including the net present value of the Diamba Sud Project and the internal rate of return of the Diamba Sud Project; the Company’s expectation that a construction decision will be targeted for the second quarter of 2026; statements regarding continued resource growth at the Diamba Sud Project and the expected timing of an updated resource estimate; the Company’s proposed exploration plans at Diamba Sud statements about the Company’s business strategies, plans and outlook; the Company’s plans for its mines and mineral properties; changes in general economic conditions and financial markets; the impact of inflationary pressures on the Company’s business and operations; the future results of exploration activities; expectations with respect to metal grade estimates and the impact of any variations relative to metals grades experienced; assumed and future metal prices; the merit of the Company’s mines and mineral properties; and the future financial or operating performance of the Company. Often, but not always, these Forward-looking Statements can be identified by the use of words such as “estimated”, “potential”, “open”, “future”, “assumed”, “projected”, “proposed”, “used”, “detailed”, “has been”, “gain”, “planned”, “reflecting”, “will”, “anticipated”, “estimated” “containing”, “remaining”, “to be”, or statements that events, “could” or “should” occur or be achieved and similar expressions, including negative variations.

Forward-looking Statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any results, performance or achievements expressed or implied by the Forward-looking Statements. Such uncertainties and factors include, among others, operational risks associated with mining and mineral processing; uncertainty relating to Mineral Resource and Mineral Reserve estimates; uncertainty relating to capital and operating costs, production schedules and economic returns; risks relating to the Company’s ability to replace its Mineral Reserves; risks related to the conversion of Mineral Resources to Mineral Reserves; risks associated with mineral exploration and project development; uncertainty relating to the repatriation of funds as a result of currency controls; environmental matters including obtaining or renewing environmental permits and potential liability claims; uncertainty relating to nature and climate conditions; laws and regulations regarding the protection of the environment (including greenhouse gas emission reduction and other decarbonization requirements and the uncertainty surrounding the interpretation of omnibus Bill C-59 and the related amendments to the Competition Act (Canada); risks associated with political instability and changes to the regulations governing the Company’s business operations; changes in national and local government legislation, taxation, controls, regulations and political or economic developments in countries in which the Company does or may carry on business; risks associated with war, hostilities or other conflicts, such as the Ukrainian – Russian, and Israeli – Hamas conflicts, and the impacts they may have on global economic activity; risks relating to the termination of the Company’s mining concessions in certain circumstances; developing and maintaining relationships with local communities and stakeholders; risks associated with losing control of public perception as a result of social media and other web-based applications; potential opposition to the Company’s exploration, development and operational activities; risks related to the Company’s ability to obtain adequate financing for planned exploration and development activities; property title matters; risks related to the ability to retain or extend title to the Company’s mineral properties; risks relating to the integration of businesses and assets acquired by the Company; impairments; risks associated with climate change legislation; reliance on key personnel; adequacy of insurance coverage; operational safety and security risks; legal proceedings and potential legal proceedings; uncertainties relating to general economic conditions; risks relating to a global pandemic, which could impact the Company’s business, operations, financial condition and share price; competition; fluctuations in metal prices; risks associated with entering into commodity forward and option contracts for base metals production; fluctuations in currency exchange rates and interest rates; tax audits and reassessments; risks related to hedging; uncertainty relating to concentrate treatment charges and transportation costs; sufficiency of monies allotted by the Company for land reclamation; risks associated with dependence upon information technology systems, which are subject to disruption, damage, failure and risks with implementation and integration; labor relations issues; as well as those factors discussed under “Risk Factors” in the Company's Annual Information Form for the fiscal year ended December 31, 2024. Although the Company has attempted to identify important factors that could cause actual actions, events, or results to differ materially from those described in Forward-looking Statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended.

Forward-looking Statements contained herein are based on the assumptions, beliefs, expectations and opinions of management, including, but not limited to, the accuracy of the Company’s current Mineral Resource and Mineral Reserve estimates; that the Company’s activities will be conducted in accordance with the Company’s public statements and stated goals; that there will be no material adverse change affecting the Company, its properties or its production estimates (which assume accuracy of projected ore grade, mining rates, recovery timing, and recovery rate estimates and may be impacted by unscheduled maintenance, labor and contractor availability and other operating or technical difficulties); the duration and effect of global and local inflation; the duration and impacts of geo-political uncertainties on the Company’s production, workforce, business, operations and financial condition; the expected trends in mineral prices, inflation and currency exchange rates; that all required approvals and permits will be obtained for the Company’s business and operations on acceptable terms; that there will be no significant disruptions affecting the Company's operations and such other assumptions as set out herein. Forward-looking Statements are made as of the date hereof and the Company disclaims any obligation to update any Forward-looking Statements, whether as a result of new information, future events, or results or otherwise, except as required by law. There can be no assurance that these Forward-looking Statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, investors should not place undue reliance on Forward-looking Statements.

Cautionary Note to United States Investors Concerning Estimates of Reserves and Resources

All reserve and resource estimates included in this news release have been prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101") and the Canadian Institute of Mining, Metallurgy, and Petroleum Definition Standards on Mineral Resources and Mineral Reserves. NI 43-101 is a rule developed by the Canadian Securities Administrators that establishes standards for public disclosure by a Canadian company of scientific and technical information concerning mineral projects. All Mineral Reserve and Mineral Resource estimates contained in the technical disclosure have been prepared in accordance with NI 43-101 and the Canadian Institute of Mining, Metallurgy and Petroleum Definition Standards on Mineral Resources and Reserves. Canadian standards, including NI 43-101, differ significantly from the requirements of the Securities and Exchange Commission, and mineral reserve and resource information included in this news release may not be comparable to similar information disclosed by U.S. companies.

Appendix 1: Diamba Sud drill program details of the drill holes and assay results for Southern Arc Prospect

HoleIDEasting
(WGS84_29N)Northing
(WGS84_29N)Elev.
(m)EOH1,2
Depth
(m)UTM
AzimuthDipDepth2,3
From
(m)Depth2
To
(m)Drilled2
Width
(m)ETW4
(m)Au
(ppm)Hole
Type5AreaDSDD4862322781426476148249150-50NSI    DDSouthern ArcDSDD4932323471426501148207150-50165.0174.09.07.22.4DDSouthern Arc      including168.0169.01.00.813.2DDSouthern ArcDSDD4942325321426112142131150-5038.049.011.08.81.4DDSouthern ArcDSDD4952323101426500149186150-50NSI    DDSouthern ArcDSDD4962326741426074143176150-5038.350.011.79.42.2DDSouthern Arc      including44.045.01.00.815.5DDSouthern Arc       96.0102.36.35.02.3DDSouthern Arc       107.0119.512.510.06.8DDSouthern Arc      including115.0116.01.00.819.2DDSouthern Arc      and117.0118.01.00.819.8DDSouthern Arc       135.0167.032.025.60.8DDSouthern ArcDSDD4972328841426027143129150-50108.8121.712.910.33.6DDSouthern Arc      including117.0118.01.00.817.0DDSouthern ArcDSDD4982327141426155145132150-5084.389.75.44.31.9DDSouthern ArcDSDD5552328681426115144120150-5048.693.044.435.56.8DDSouthern Arc      including53.253.70.40.4Core LossDDSouthern Arc      and65.066.01.00.824.0DDSouthern Arc      and67.267.80.60.5Core LossDDSouthern Arc      and68.569.51.00.813.1DDSouthern Arc      and70.671.20.60.5Core LossDDSouthern Arc      and74.075.01.00.818.5DDSouthern Arc      and80.087.07.05.618.7DDSouthern ArcDSDD5562327381426053144201150-50105.0134.029.023.21.5DDSouthern Arc       138.0153.015.012.02.8DDSouthern ArcDSDD5572328381426172143165150-5039.057.018.014.41.9DDSouthern Arc       67.073.06.04.81.2DDSouthern Arc       104.7127.022.317.83.8DDSouthern Arc      including108.0109.01.00.811.8DDSouthern Arc      and114.0115.01.00.830.4DDSouthern Arc       139.0141.02.01.63.7DDSouthern Arc       145.0161.216.213.03.4DDSouthern ArcDSDD5582328091426139144146150-5025.041.016.012.81.8DDSouthern Arc       96.0114.018.014.48.8DDSouthern Arc      including101.0102.01.00.822.1DDSouthern Arc      and103.0106.03.02.418.0DDSouthern Arc      and110.0111.01.00.811.5DDSouthern Arc       118.0122.04.03.23.0DDSouthern ArcDSDD559232753142613114599150-50NSI    DDSouthern ArcDSDD5602327851426176145170150-5043.055.012.09.61.9DDSouthern Arc       63.070.07.05.62.7DDSouthern ArcDSDD5612327701425988142126150-5059.068.09.07.20.7DDSouthern Arc       79.0100.021.016.80.7DDSouthern ArcDSDD5622327171426094144206150-50146.0153.07.05.64.5DDSouthern Arc       174.0188.014.011.28.0DDSouthern Arc      including183.0185.02.01.646.3DDSouthern ArcDSDD5632327271426179145135150-5050.076.026.020.85.8DDSouthern Arc      including53.055.02.01.623.3DDSouthern Arc      and71.073.02.01.621.8DDSouthern Arc       86.093.37.35.812.2DDSouthern Arc      including87.088.01.00.814.7DDSouthern Arc      and90.092.82.82.222.1DDSouthern Arc       106.0114.08.06.42.7DDSouthern Arc       118.0124.06.04.87.0DDSouthern Arc      including120.0122.02.01.615.3DDSouthern ArcDSDD5642327741426198145200150-5012.021.09.07.21.2DDSouthern Arc      including15.016.01.00.8Core LossDDSouthern Arc       30.038.38.36.62.9DDSouthern Arc      including37.538.30.80.611.7DDSouthern Arc       80.093.013.010.41.0DDSouthern Arc       160.0163.03.02.43.0DDSouthern ArcDSDD5652327611426008142147150-5070.079.09.07.20.7DDSouthern Arc       86.0106.020.016.01.5DDSouthern Arc       121.0123.02.01.62.6DDSouthern ArcDSDD5662327801426157145149150-505.011.06.04.81.4DDSouthern Arc       36.042.06.04.81.6DDSouthern Arc       46.056.010.08.02.5DDSouthern Arc       121.7134.012.39.82.0DDSouthern Arc      including131.0132.01.00.814.3DDSouthern ArcDSDD5672327891426137145146150-501.38.06.75.41.1DDSouthern Arc       16.024.08.06.41.2DDSouthern Arc       34.045.011.08.81.6DDSouthern Arc       96.8130.033.226.64.6DDSouthern Arc      including103.0104.01.00.815.6DDSouthern Arc      and105.0107.02.01.613.6DDSouthern Arc      and114.0116.02.01.618.3DDSouthern ArcDSDD5682326851426046143171150-5080.389.59.27.41.0DDSouthern Arc       111.0117.06.04.81.8DDSouthern Arc       123.0128.05.04.04.0DDSouthern Arc       144.0158.014.011.20.9DDSouthern ArcDSDD5692327591426223145183150-5051.058.07.05.61.2DDSouthern ArcDSDD5702326001426187145231150-50174.0191.017.013.60.9DDSouthern Arc       198.0209.011.08.83.6DDSouthern Arc      including206.0208.02.01.614.9DDSouthern Arc       214.0217.03.02.41.8DDSouthern ArcDSDD5712327401426245145182150-50172.8178.05.24.21.9DDSouthern ArcDSDD5722326701426088144201150-5056.065.09.07.21.8DDSouthern Arc       118.0124.06.04.80.9DDSouthern Arc       180.0190.010.08.00.5DDSouthern ArcDSDD5732328121426161144185150-5027.040.013.010.43.0DDSouthern Arc       49.053.04.03.22.8DDSouthern Arc       57.082.025.020.03.2DDSouthern Arc      Including60.061.01.00.813.4DDSouthern Arc       158.0161.03.02.41.9DDSouthern ArcDSDD5742327021426060143183150-5093.0130.037.029.61.7DDSouthern Arc       135.0160.025.020.02.0DDSouthern Arc      Including158.0159.01.00.818.4DDSouthern ArcDSDD5752323191426368147129150-50NSI    DDSouthern ArcDSDD576232908142603214395150-50NSI    DDSouthern ArcDSDD5772323171426415148222150-5077.082.05.04.01.0DDSouthern Arc       116.2143.227.021.64.2DDSouthern Arc      Including125.0127.02.01.630.0DDSouthern Arc      And134.3135.71.31.118.9DDSouthern Arc       147.2154.27.05.61.1DDSouthern ArcDSDD5782323581426340146101.3150-500.09.09.07.21.1DDSouthern Arc       3.04.01.00.8Core LossDDSouthern Arc       15.036.021.016.84.9DDSouthern Arc      Including15.017.02.01.629.5DDSouthern Arc       49.053.04.03.21.6DDSouthern ArcDSDD5792327061426011142141150-5057.066.09.07.21.5DDSouthern Arc       99.0100.01.00.816.3DDSouthern ArcDSDD580232899142606814392150-5022.827.24.53.62.1DDSouthern Arc       61.070.09.07.25.0DDSouthern Arc      Including65.066.01.00.820.2DDSouthern ArcDSDD5812327381426016142143150-5072.087.015.012.01.6DDSouthern Arc       93.0101.08.06.42.8DDSouthern Arc       118.2131.112.910.31.7DDSouthern ArcDSDD582232393142637114798150-501.011.610.68.50.9DDSouthern Arc       2.03.01.00.8Core LossDDSouthern Arc       25.031.26.25.00.8DDSouthern ArcDSDD583232909142609414398150-503.09.06.04.81.1DDSouthern Arc       14.033.019.015.21.3DDSouthern Arc       52.058.06.04.82.5DDSouthern Arc       64.073.09.07.23.0DDSouthern ArcDSDD5842323471426395147192150-5032.754.021.317.05.5DDSouthern Arc      Including38.039.01.00.820.3DDSouthern Arc      And50.051.01.00.814.3DDSouthern Arc      And53.054.01.00.817.8DDSouthern Arc       95.797.51.81.47.8DDSouthern Arc      Including96.597.51.00.810.6DDSouthern ArcDSDD585232419142637114780150-5048.850.82.01.63.1DDSouthern ArcDSDD5862325331426235145200150-50NSI    DDSouthern ArcDSDD5872326931426288146187150-50NSI    DDSouthern ArcDSDD5882329511426129143104150-50NSI    DDSouthern ArcDSDD589232926142606414380150-505.08.03.02.42.7DDSouthern Arc       16.049.533.526.83.5DDSouthern Arc      Including34.035.01.00.815.8DDSouthern ArcDSDD5902325751426215145243150-50177.0198.021.016.80.6DDSouthern Arc       203.0210.07.05.61.6DDSouthern Arc       214.2237.022.818.21.4DDSouthern Arc              DSDD5912329341426163143140150-50NSI    DDSouthern ArcDSDD592232943142608214380150-5091564.81.9DDSouthern Arc       2230.48.46.71.7DDSouthern Arc       49.256.16.95.61.2DDSouthern ArcDSDD5932324861426282146222150-50NSI    DDSouthern ArcDSDD5942325611426182144155150-50NSI    DDSouthern ArcDSDD595232922142601114392150-50NSI    DDSouthern ArcDSDD596232976142608714380150-50NSI    DDSouthern ArcDSDD5972326481426163145249150-5014815354.02.1DDSouthern ArcDSDD598232936142604514398150-50NSI    DDSouthern ArcDSDD599232957142605814381150-50NSI    DDSouthern ArcDSDD6002327411426188145145150-504953.64.73.72.8DDSouthern Arc       128.15130.62.52.09.2DDSouthern Arc      including129.3130.61.41.116.0DDSouthern ArcDSR10022322911426455148204150-5015715810.88.1RCSouthern Arc       1841981411.21.4RCSouthern ArcDSR10032326181426171145162150-50NSI    RCSouthern ArcDSR10042325871426169145162150-5012913343.23.5RCSouthern Arc      including12913010.811.3RCSouthern Arc       14915564.81.3RCSouthern ArcDSR10052327041426216146168150-50808664.83.8RCSouthern Arc      including848510.814.6RCSouthern ArcDSR10062327771426087144144150-50NSI    RCSouthern ArcDSR10072326161426126144160150-50NSI    RCSouthern ArcDSR10082327401426153145132150-50NSI    RCSouthern ArcDSR10092328251426115144144150-5010310632.42.9RCSouthern ArcDSR10102324191426343147120150-50NSI    RCSouthern ArcDSR10112327261426247145120150-50NSI    RCSouthern Arc Notes:
1. EOH: End of hole
2. Depths and widths reported to nearest significant decimal place
3. NSI: No significant intercepts
4. ETW: Estimated true width
5. RC: reverse circulation drilling | DD: diamond drilling tail | RCD: reverse circulation drilling with diamond tail

Appendix 2 - PEA Key Highlights

MetricsUnits ResultsGold price$/oz 2,750Life of mineyears 8.1Processing Duration                      years                               7.9Total mineralized material mined1kt 17.8Contained gold in mineralized material mined1koz 932Strip ratioWaste: mineralized material 5.5:1Throughput initial 3 years (primarily oxide)Mtpa 2.5Throughput after 3 years (primarily fresh)Mtpa 2.0LOM gradeg/t 1.63Recoveries% 90Gold production   Total Production over LOMkoz 840Average annual production over LOMkoz 106Average annual production over first 3 yearskoz 146Per unit costs LOM   Mining$/t, mined 4.82Processing$/t, processed 13.9G&A$/t, processed 6.7Cash costs1   Average operating cash costs2over LOM$/oz 1,081Average operating cash costs2 over first 3 years$/oz 759AISC1   Average AISC2over LOM$/oz 1,238Average AISC2 over first 3 years$/oz 904Capital costs   Initial capital expenditure$ M 283Sustaining capital expenditure + Infrastructure (includes closure costs)$ M 48Returns   NPV5%, pre-tax (100% Project basis)$M 772Pre-tax IRR% 86NPV5%, after-tax (100% Project basis)$M 563After-tax IRR% 72After Tax Payback Periodyears 0.8Annual EBITDA 2   Average EBITDA2 over LOM$ M 167Average EBITDA2 over first 3 years$ M 277 Notes:

The pit optimization shells used for the mine plan were generated using a gold price of $2,300 per ounce.This is a non-IFRS financial measure. The definition and purpose of this non-IFRS financial measure is included in the Company’s management’s discussion and analysis for the three and nine months ended September 30, 2025, under the heading “Non-IFRS Measures”. Non-IFRS financial measures have no standardized meaning under IFRS and therefore, may not be comparable to similar measures presented by other issuers.Average operating cash costs and average AISC represent costs for projected production for the LOM at the time of gold sales.The PEA is presented on a 100 percent project basis. However, upon the granting of the exploitation permit, the Senegalese Government is entitled to a 10 percent free-carried interest in Boya , with the right for the State to acquire an additional contributory interest of up to 25 percent.The economic analysis was carried out using a discounted cash flow approach on a pre-tax and after-tax basis, based on the gold price of $2,750/oz.The IRR on total investment that is presented in the economic analysis was calculated assuming a 100% ownership in Diamba Sud.The NPV was calculated from the after-tax cash flow generated by the Project, based on a discounted rate of 5% and an effective date of October 10, 2025.The PEA assumes that the percentage of certain royalties and taxes payable to the State, the percentage of the investment tax credit available to the company and the percentage payable to the social development fund will be in accordance with the provisions of the Mining Convention between Boya S.A. and the State of Senegal dated April 8, 2015. It should be noted, however, that the State retains the sovereign prerogative to review or revisit certain fiscal terms during the exploitation permit approval process, and as such, the current framework may be subject to amendment.The PEA is preliminary in nature, and it includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and, as such, there is no certainty that the PEA results will be realized. Mineral resources that are not mineral reserves do not have demonstrated economic viability.Further information regarding the PEA, including details on key assumptions, parameters, opportunities, risks and other factors are contained in the Technical Report prepared for the Company entitled “Diamba Sud Gold Project, Kedougou Region, Senegal” with an effective date of October 15, 2025, which has been filed on SEDAR+ and on EDGAR under the Company’s profile. PDF available: http://ml.globenewswire.com/Resource/Download/5b31b53c-28e4-4f9f-878d-ac43f2974f4c

Figures accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/65e9cc3a-6c58-4000-b072-6d0bffca780b

https://www.globenewswire.com/NewsRoom/AttachmentNg/6f5654b1-fda3-4dcb-ac32-106b267f1aed

https://www.globenewswire.com/NewsRoom/AttachmentNg/2e29ea91-4813-4b97-8015-a5772e4b9112

December 08, 2025 5:00 AM EST | Source: Core Nickel Corp.
Toronto, Ontario--(Newsfile Corp. - December 8, 2025) - Core Nickel Corp. (TSXV: CNCO) ("Core Nickel" or the "Company") is pleased to announce the appointment of Carmelo Marrelli as Chief Financial Officer ("CFO") of the Company, effective today, following the resignation of Harry Chan as the Company's CFO.

Mr. Marrelli is the principal of Marrelli Support Services, Inc., a Toronto firm that has delivered accounting and regulatory compliance services to listed companies on the Toronto Stock Exchange, TSX Venture Exchange (the "TSX-V"), the Canadian Securities Exchange and other exchanges, as well as non-listed companies, for over thirty years. In addition, Mr. Marrelli beneficially controls DSA Corporate Services LP, a firm that provides corporate secretarial and regulatory filing services and Marrelli Trust Company Limited, a provincially registered trust company, offering transfer agent services.

Chris Tate, President & CEO of Core Nickel, commented, "On behalf of the board I would like to thank Harry for his hard work and dedication as the founding CFO of the Company, and wish him the best in his future endeavors. Mr. Chan is leaving the Company in the capable hands of Mr. Marrelli, who will help guide Core Nickel through the reverse-takeover process with Arizona Copper and Gold Ltd."

The Company is in the process of completing a proposed transaction with Arizona Copper and Gold Ltd. ("ACG"), which, subject to receipt of all required approvals, including approval of the TSXV, court approval for the proposed plan of arrangement, and requisite shareholder approval, will result in the reverse takeover of the Company by shareholders of ACG. Details of the proposed transaction can be found in the joint news release of ACG and Core Nickel dated November 24, 2025.

Upon completion of the proposed transaction, the Company, which is expected to be renamed "Arizona Eagle Mining Corp.", will own 100% of ACG's Eagle Project, which includes the past-producing McCabe Gold Mine and surrounding claims in mining friendly Yavapai County, Arizona. The McCabe Gold Mine boasts a historic estimate of 878,000 ounces of gold at 11.7 grams per tonne ("g/t") with 5 million ounces of silver at 69 g/t1. The deposit is located within 240 acres of private land and is open for expansion in all directions.

ACG has staked an additional 5,400 acres of Bureau of Land Management ("BLM") mining claims surrounding the McCabe Gold Mine. A Phase One drill program is expected to begin at the Eagle Project in the first quarter of 2026, with the proposed transaction anticipated to close in the same timeframe.

For more information on ACG and the Eagle Project please visit:

www.arizonaeaglemining.com

https://x.com/AzEagleMining

1 The historical estimate (the "Historical Estimate') in respect of ACG's Eagle Project was prepared internally by prior owners Stan West Mining Co. The source of the Historical Estimate is as follows: Knight, D.C., 1984, Stan West Mining Corp. McCabe-Iron King Belt project summary and financial information for shareholders. The Historical Estimate is not compliant with National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"), a Qualified Person (as defined in NI 43-101) has not done sufficient work to classify the Historic Estimate as current mineral resources or current mineral reserves, and neither ACG nor the Company is treating the Historical Estimate as current mineral resources or mineral reserves. There is no technical report associated with the Historic Estimate. The Historical Estimate contains categories that are not consistent with current CIM definitions. The Historical Estimate includes "inferred resources" together with "proven", "probable" and "possible reserves". Under current standards "total reserves" would be classified as "total resources", and ACG is interpreting the "total reserves" in the Historical Estimate as a historical estimate of "total resources". ACG considers the Historical Estimate to be relevant for the proper understanding of the Eagle Project, however significant data compilation, re-drilling, re-sampling and data verification may be required by a Qualified Person for the Historical Estimate to be compliant with NI 43-101 standards and to verify the Historical Estimate as current mineral resources. There can be no certainty, following further evaluation and/or exploration work, that the Historical Estimate can be upgraded or verified as mineral resources or mineral reserves in accordance with NI 43-101.

About Core Nickel

Core Nickel is a junior nickel exploration company that controls 100% of five projects in the Thompson Nickel Belt, a prolific nickel district located in Northern Manitoba, Canada. Core Nickel has been focused on the discovery of economic magmatic nickel-sulphide deposits. The Mel deposit, is situated just 25 kilometers northwest of the Thompson Mill.

Qualified Person

The technical information in respect of ACG and the Eagle Project in this news release was prepared under the supervision of Clyde L. Smith, PhD. Mr. Smith is a Qualified Person for the purposes of NI 43-101 and has reviewed and approved the technical information disclosed in this news release. Mr. Smith is non-independent of ACG and is independent of the Company.

On behalf of the Board of Directors
"Chris Tate"
Chris Tate, CEO and President
Core Nickel Corp.

Contacts:

Also find us online:

www.corenickel.com

https://x.com/CoreNickel

Cautionary Statement

This news release contains forward-looking statements and forward-looking information (collectively, "forward- looking statements") within the meaning of applicable securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward- looking statements. Forward-looking statements are often identified by terms such as "may", "should", "anticipate", "will", "estimates", "believes", "intends" "expects" and similar expressions which are intended to identify forward-looking statements. More particularly and without limitation, this news release contains forward-looking statements, including statements concerning the proposed transaction between the Company and ACG (including the name change of the Company upon completion of the proposed transaction), the requisite approval of Core Nickel and ACG shareholders, court approval of the plan of arrangement to implement the proposed transaction; and the timing of commencement of the Phase One drill program at the Eagle Project. Forward-looking statements are inherently uncertain, and the actual performance may be affected by a number of material factors, assumptions and expectations, many of which are beyond the control of the parties, including expectations and assumptions concerning (i) the Company, ACG and the proposed transaction, (ii) the ability of the parties to negotiate and enter into the proposed definitive agreement in respect of the proposed transaction on satisfactory terms as proposed, (iii) the timely receipt of all required shareholder, court and regulatory approvals (as applicable), including the approval of the TSX Venture Exchange, (iv) if the proposed definitive agreement is entered into, the satisfaction of other closing conditions in accordance with the terms of the proposed definitive agreement, (v) the ability of the parties (as applicable) to complete the proposed transaction on the terms outlined in this news release (or at all), and (vi) if the proposed transaction is completed, the ability of the resulting issuer to execute on the proposed exploration program at the Eagle Project. Readers are cautioned that assumptions used in the preparation of any forward- looking statements may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted as a result of numerous known and unknown risks, uncertainties and other factors, many of which are beyond the control of the parties. Readers are further cautioned not to place undue reliance on any forward-looking statements, as such information, although considered reasonable by the respective management of the parties at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.

The forward-looking statements contained in this news release are made as of the date of this news release, and are expressly qualified by the foregoing cautionary statement. Except as expressly required by securities law, the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise.

Completion of the proposed transaction is subject to a number of conditions, including but not limited to, TSXV acceptance and if applicable pursuant to the requirements of the TSXV and disinterested shareholder approval. Where applicable, the proposed transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the proposed transaction will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the management information circular or filing statement to be prepared in connection with the proposed transaction, any information released or received with respect to the proposed transaction may not be accurate or complete and should not be relied upon. Trading in the securities of Core Nickel or ACG should be considered highly speculative.

The TSXV has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this news release.

This news release shall not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction.

This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein in the United States or in any other jurisdiction, nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful. The securities have not been and will not be registered under the U.S. Securities Act, or any state securities laws, and accordingly, may not be offered or sold in the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom.

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 news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/277218

NRCan's $14.1M Federal Investment Accelerates Focus Graphite's Capacity to Supply Allies with Ultra-High-Purity Graphite for Defence, Aerospace, and Next-Generation Battery Materials. Ottawa, Ontario--(Newsfile Corp. - December 8, 2025) - Focus Graphite Inc. (TSXV: FMS) (OTCQB: FCSMF) (FSE: FKC0) ("Focus" or the "Company"), a leading developer of high-grade flake graphite deposits and innovator of next-generation lithium-ion battery technology, is pleased to announce that it has moved from conditional approval to a fully executed, non-repayable contribution agreement (the "Agreement") with Natural Resources Canada ("NRCan") for funding up to $14,062,500 under the Global Partnerships Initiative ("GPI").

Toll Brothers, Inc. (NYSE:TOL) will release earnings results for the fourth quarter after the closing bell on Monday, Dec. 8.

Analysts expect the company to report quarterly earnings at $4.88 per share, up from $4.63 per share in the year-ago period. The consensus estimate for Toll Brothers’ quarterly revenue is $3.32 billion, compared to $3.33 billion a year earlier, according to data from Benzinga Pro.

On Aug. 19, Toll Brothers reported third-quarter revenue of $2.95 billion, beating the consensus estimate of $2.85 billion, according to Benzinga Pro. The homebuilder reported third-quarter earnings of $3.73 per share, beating analyst estimates of $3.59 per share.

Shares of Toll Brothers fell 1.5% to close at $138.94 on Friday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

JP Morgan analyst Michael Rehaut upgraded the stock from Neutral to Overweight with a price target of $161 on Dec. 4, 2025. This analyst has an accuracy rate of 69%.
B of A Securities analyst Rafe Jadrosich maintained a Buy rating and cut the price target from $155 to $150 on Oct. 10, 2025. This analyst has an accuracy rate of 67%.
Evercore ISI Group analyst Stephen Kim downgraded the stock from Outperform to In-Line and cut the price target from $169 to $160 on Oct. 7, 2025. This analyst has an accuracy rate of 67%.
Citigroup analyst Anthony Pettinari maintained a Neutral rating and raised the price target from $138 to $147 on Oct. 1, 2025. This analyst has an accuracy rate of 74%.
Wedbush analyst Jay McCanless maintained an Outperform rating with a price target of $165 on Sept. 5, 2025. This analyst has an accuracy rate of 86%
Considering buying TOL stock? Here’s what analysts think:

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© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

, /PRNewswire/ -- Truecaller today announce the launch of Family Protection, a major new feature designed to make digital safety a shared experience among families. Built directly into the Truecaller app on both Android and iOS, Family Protection enables users to form trusted family groups to provide real-time protection against scams and unwanted calls. On Android, the Family Administrator can receive alerts during potential scam calls for other family members and end such calls remotely.

Family Protection lets up to five people join a trusted family group with shared tools that help them stay safe from scam calls. Each group has a Family Admin who can set protection levels, manage blocklists, and guide how unwanted calls are handled. On Android, the Admin can also use real-time support tools to step in when a suspicious call appears. The aim is simple: make it easier to protect less tech-savvy loved ones from increasingly sophisticated scam calls.

Powerful Protection and Remote Management

Family Protection gives the Family Admin a clear set of tools to guide safety across the group. The Family Admin can e.g. set and update protection levels, manage blocklists and use remote support tools when needed. On Android, the Admin can also receive alerts during potential scam calls, end suspicious calls to family members remotely and see real-time status signals such as battery level, phone activity and availability.

These tools give families a clearer picture of how their loved ones are using their phones and help them step in when support is needed.

A Growth Driver for Engagement and Premium Conversion

Family Protection is a free feature but opens a new path for engagement and long-term revenue. By helping families protect one another, Truecaller strengthens its role in daily communication and adds a shared safety layer that encourages repeat use.

For families who want a stronger level of protection, Truecaller Premium Family offers a natural upgrade. The plan covers up to five people and adds advanced spam blocking, automatic rejection of high-risk numbers, and an ad-free experience. This aligns directly with Truecaller's strategic objective of growing recurring subscription revenues and driving user stickiness through high-value features.

Phased Rollout and Market Focus

Family Protection is now available in four pilot markets: Sweden, Chile, Malaysia, and Kenya. Expansion into additional key regions, including India, is planned for Q1 2026. The phased rollout allows Truecaller to learn from early adoption and prepare for broader deployment.

Looking Ahead

Family Protection marks an important step in Truecaller's product strategy, moving beyond call identification toward a wider ecosystem of communication safety. It reflects the company's long-term vision to make tomorrow's communication smarter, safer and more efficient.

"Truecaller is already being used by members of the family, and now we empower the "CTO" of the family to protect the less tech savvy members" said Rishit Jhunjhunwala, CEO at Truecaller. "As scam tactics evolve, we want Truecaller to be the platform families rely on for peace of mind and proactive protection."

For more information, please contact:
Andreas Frid, Head of IR & Communication
+46 705 29 08 00
[email protected]

About Truecaller:

Truecaller (TRUE B) is the leading global platform for verifying contacts and blocking unwanted communication. We enable safe and relevant conversations between people and make it efficient for businesses to connect with consumers. Fraud and unwanted communication are endemic to digital economies. especially in emerging markets. We are on a mission to build trust in communication. Truecaller is an essential part of everyday communication for more than 450 million active users. Truecaller is listed on Nasdaq Stockholm since 8 October 2021. For more information please visit corporate.truecaller.com

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/truecaller-ab/r/truecaller-launches-family-protection-to-protect-the-whole-family-from-phone-scams,c4278406

The following files are available for download:

SOURCE Truecaller AB

Analyst’s Disclosure:I/we have a beneficial long position in the shares of YLLXF either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Shares opened slightly higher on the company's Euronext Amsterdam debut.