Market Signal Briefing

Peter Zhang Jan 30, 2026 09:11

Solana trades at $115.38 after 6.35% decline, but oversold RSI at 34.41 and analyst targets of $150-162 suggest potential 13-26% upside recovery to $130-145 range.

SOL Price Prediction Summary • Short-term target (1 week): $125-130 • Medium-term forecast (1 month): $135-150 range
• Bullish breakout level: $142 • Critical support: $110.56

What Crypto Analysts Are Saying About Solana Recent analyst forecasts remain optimistic despite current price weakness. Rebeca Moen projects Solana could reach $150 by end of January 2026, noting that "technical analysis reveals key resistance at $142 could unlock 8% upside potential within weeks."

Darius Baruo maintains an even more bullish stance with a $162 target by late January 2026, highlighting "SOL price prediction shows bullish momentum with $162 target possible within 3 weeks, though analyst forecasts range from bearish $30-40 to optimistic $184 levels."

The CMC AI Forecast provides a more conservative outlook, projecting "the maximum trading value will be around $146.76, with a possibility of dropping to a minimum of $138.11. In January 2026, the average cost will be $142.44."

SOL Technical Analysis Breakdown Solana's current technical setup presents a mixed but increasingly constructive picture. Trading at $115.38, SOL sits well below key moving averages, with the 20-day SMA at $132.04 and 50-day SMA at $130.07 acting as immediate resistance zones.

The RSI at 34.41 indicates oversold conditions without reaching extreme levels, suggesting potential for a bounce. The MACD histogram at 0.0000 shows bearish momentum is stalling, which often precedes trend reversals.

Most notably, SOL's position within the Bollinger Bands reveals significant technical opportunity. With a %B reading of 0.0655, Solana trades near the lower band at $112.87, historically a zone where buying interest emerges. The upper band at $151.20 aligns closely with analyst price targets.

Key resistance levels emerge at $121.78 (immediate) and $128.18 (strong), while support holds at $110.56 and $105.74. The daily ATR of $6.07 suggests normal volatility levels.

Solana Price Targets: Bull vs Bear Case Bullish Scenario A sustained break above $121.78 would target the $128.18 resistance zone, opening the path toward analyst projections of $142-150. This Solana forecast aligns with the Bollinger Band upper range and would represent a 23-30% gain from current levels.

Technical confirmation would require RSI moving above 50 and MACD turning positive, typically occurring once SOL reclaims the 20-day moving average at $132.04.

Bearish Scenario Failure to hold $110.56 support could trigger a decline toward $105.74, with further downside to psychological support at $100. This represents 9-13% downside risk from current levels.

The primary risk factor remains SOL's position below all major moving averages, indicating the longer-term trend requires repair through sustained buying pressure.

Should You Buy SOL? Entry Strategy Current technical conditions favor accumulation strategies for risk-tolerant investors. Primary entry zones exist at $112-115 (current levels) with additional buying opportunities on any dip toward $110.

Stop-loss placement below $105 limits downside risk to approximately 9%, while upside targets of $130-145 offer favorable risk-reward ratios exceeding 2:1.

For conservative approaches, waiting for a break above $125 with RSI confirmation above 45 provides higher probability entries, though at reduced upside potential.

Conclusion This SOL price prediction suggests a 60% probability of recovery toward $130-145 over the next 4-6 weeks, supported by oversold technical conditions and analyst targets clustering around $150. However, sustained weakness below $110 would invalidate this bullish scenario and suggest deeper correction risks.

Cryptocurrency predictions involve significant uncertainty. This analysis is for informational purposes and should not constitute financial advice. Always conduct thorough research and consider your risk tolerance before investing.

Image source: Shutterstock

sol price analysis sol price prediction

Ripple and Stellar Eye Legally-Compliant Securities Offerings via Securrency and DTCCRenowned crypto researcher SMQKE highlights Ripple (XRP) and Stellar (XLM) as leading blockchain platforms for legally compliant U.S. securities offerings, powered by Securrency’s full suite of compliance and security tools for issuers, brokers, and ATS operators.

Securrency’s Compliance Aware Token embeds regulatory and transactional rules directly into a digital security, enabling issuance, management, and trading while fully complying with U.S. securities law. 

Therefore, this innovation allows market participants to launch tokenized securities seamlessly, bypassing the traditional complexity and cost of regulatory compliance.

Securrency’s protocol stands out for its cross-chain versatility, supporting Ripple, Stellar, Ethereum, EOS, and more. It seamlessly bridges blockchain and legacy financial systems, enabling secure on-chain and off-chain token movement. 

This interoperability allows security tokens to flow effortlessly between traditional finance and digital networks. In a similar vein, Harvard University recently spotlighted Visa’s Digital FIAT Currency Settlement patent, which leverages XRP and Stellar to facilitate fast, secure blockchain transactions.

DTCC’s Securrency Acquisition Paves the Way for Compliant Digital Securities on XRP and XLMThe Depository Trust & Clearing Corporation (DTCC) completed its acquisition of Securrency, and rebranded it as DTCC Digital Assets, signaling growing institutional confidence in blockchain solutions for regulated securities. 

Leveraging DTCC’s infrastructure, Securrency’s technology can now enable large-scale, compliant digital securities offerings, boosting liquidity, transparency, and operational efficiency.

For Ripple and Stellar, this development extends opportunities beyond cross-border payments. By supporting compliant tokenized financial instruments, these platforms can drive the next wave of regulated digital assets, marking a critical milestone in mainstream blockchain adoption for investors, issuers, and regulators alike.

Therefore, Securrency’s Compliance Aware Tokens on XRP and XLM show that blockchain is evolving beyond payments and speculation, becoming a key infrastructure for compliant, efficient, and scalable financial markets.

ConclusionSecurrency’s Compliance Aware Tokens integration with Ripple and Stellar ushers in a new era for digital assets. By embedding regulatory compliance directly into blockchain-based securities, it bridges traditional finance with innovative digital markets. 

Backed by DTCC Digital Assets, issuers and investors can navigate tokenized offerings with confidence. Beyond payments, Ripple and Stellar are emerging as core infrastructure for regulated, transparent, and efficient financial markets of the future.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Binance announced that it would convert its holdings in its Safe Secure Assets Funds for Users (SAFU) into its Bitcoin reserves. This comes as the BTC price remains in a downtrend.

Binance Shifts SAFU Fund to Bitcoin Reserve The cryptocurrency exchange said in a blog post that it would convert the $1 billion SAFU fund that is currently stablecoins into its Bitcoin reserve over the next 30 days.

“Binance will convert the SAFU fund’s $1 billion stablecoin reserves into Bitcoin reserves, with plans to complete the conversion within 30 days of this announcement. Binance will conduct regular rebalancing of the SAFU fund based on monitoring its market value, they shared.”

They further said that in the event that the price volatility of Bitcoin results in the fund’s value going below $800 million, the exchange will top up the fund to $1 billion. Binance said that this initiative is a part of the long-term efforts of the exchange to develop the industry.

The announcement of the Bitcoin reserve was made through an open letter to the exchange’s community. In the open letter, the exchange shared some of the other developments. For example, the exchange said that, according to its proof of reserves, users have seen that their assets of about $162.8 billion are fully backed.

An open letter to the crypto community 💛

During periods of market volatility and pressure, the impact felt across the industry is naturally also felt by Binance.

As a global industry leader, we hold ourselves to elevated standards and continually improve based on feedback from… pic.twitter.com/HvWEQYjuKZ

— Binance (@binance) January 30, 2026

Further, the exchange helped 5.4 million users in the year 2025 in identifying possible crypto hacks, and the total amount of loss prevented in terms of scams was about $6.69 billion.

This development comes as the exchange expands its operations. Just last week, it was reported that Binance had applied for a license to operate in the European Union. The firm submitted a MICA license application in Greece as demand for crypto grows in Europe.

Bitcoin Treasury Adoption Grows Amid BTC Price Dip The current downturn in the BTC price has not stopped the adoption of Bitcoin in reserves. The coin fell sharply yesterday trigerring a crypto market sell-off. The coin fell as low as $81,100. This led to millions of dollars in liquidations.

However, Binance is not the only one to have made a move in recent days. On Wednesday, South Dakota introduced a bill for the state to start investing in BTC.  This comes at a time when states in the United States begin to explore the idea of owning their own Bitcoin reserve.

Just a week prior, Kansas lawmakers advanced a proposal to establish its BTC reserve. At the federal level, U.S. Treasury Secretary Scott Bessent stated that the government would continue to fund its Treasury, particularly with recently seized assets.

Ex-Ripple CTO David “JoelKatz” Schwartz pushed back on viral XRP price calls, arguing that today’s market price is already a referendum on how much credible capital actually believes in a near-term path to $100. His comments also spilled into a broader discussion about XRPL economics and scaling tradeoffs that, in his view, get lost in the hype cycle.

Can XRP Reach $100? Schwartz was responding to an X user urging him to tell “xrp supporters” that XRP “can’t and won’t go to 50-100$,” warning that “So many people get poor with investing in xrp.” Schwartz declined to make an absolute claim, but framed the debate in probabilistic terms, pointing to his own history of being surprised by crypto’s upside.

“I don’t feel comfortable saying something like that,” Schwartz wrote. “While I don’t think it’s likely, I didn’t think it was likely that XRP would ever hit $0.25. I started selling XRP at $0.10 because it seemed insane. I remember when bitcoin hitting $100 seemed like an impossible dream.”

Rather than debating narratives, Schwartz offered a market-math thought experiment: if rational investors truly believed there was a meaningful chance of XRP reaching $100 within a few years, the current price would not sit far below double digits for long.

“If many rational people believed that there was a 10% chance that XRP hit $100 within a few years, they definitely wouldn’t sell very much today at much less than $10,” he said. “Those with that belief would quickly buy up most of the XRP, because they’d value it more highly than those without that belief, and soon the supply of XRP well below $10 would dry up.”

Schwartz then drew his conclusion from the gap between the hypothetical and the tape. “That the current trading price is well below $10 shows that there aren’t very many people who really think it has a 10% chance of hitting $100 within a few years with enough confidence to put their money where their mouth is,” he wrote, adding: “So anyone who says otherwise is not telling the truth.”

He emphasized that readers can “do that same math” with different odds, time frames, and target prices. In a final note, Schwartz argued his baseline assumption is that crypto markets are “rational most of the time,” with major bull runs typically catalyzed by “unpredictable external changes,” rather than widely telegraphed certainties.

In a separate reply, Schwartz revisited an older famous X post by himself where he said that XRP “can’t be cheap.” Asked what he meant by this, he answered: “It means that a low price for XRP actually makes it more expensive to use for payments and exchanges.”

The implication is mechanical: if XRP’s price is lower, more units are required to represent the same value in flight, potentially impacting how the asset is used across payment and exchange flows.

Scaling The XRP Ledger Schwartz also addressed concerns about XRPL throughput after a user questioned whether “1500 per second (theoretical) is sufficient,” asking about ways to increase on-chain transactions per second. Schwartz said higher TPS is possible, but warned that most approaches shift costs onto node operators.

“There are ways, but I don’t think you really want to,” he wrote. “Almost any way you do it imposes costs on everyone who runs a node. They have to receive more transactions, process and store more transactions, and relay more transactions to others.”

He argued that decentralization pressure shows up when node costs rise without a matching benefit, and suggested a different optimization target: “This is why I think it makes more sense to try to increase the value of each transaction rather than trying to increase the number of transactions you can support.” With XRPL fees “so low,” he added, many transactions are “very low in value,” leaving room to “get more useful transactions on XRPL, even crowding out the worthless ones,” before throughput becomes the binding constraint.

At press time, XRP traded at $1.76.

XRP falls below the 100-week EMA, 1-week chart | Source: XRPUSDT on TradingView.com Featured image created with DALL.E, chart from TradingView.com

This Friday, we examine Ethereum, Ripple, Cardano, Binance Coin, and Hyperliquid in greater detail.

Ethereum (ETH) This week, the crypto market entered red territory with Ethereum falling by 7% and losing support at $3,000. With buyers on the defensive, sellers appear to have the upper hand in the days and weeks to come.

The most important support is at $2,400, but to reach that level, bears will need to make a lower low below $2,600 first.

Looking ahead, the momentum remains clearly bearish with buyers unable to regain control of the price action. Thus, the downtrend may continue before a bottom is found.

Source: TradingView Ripple (XRP) XRP just made a lower low this week and closed with a 8% loss. Since the price lost support at $2, sellers have been encouraged to increase their pressure, and so far, they have been successful.

At the time of this post, the price is around $1.76 and appears well on its way to test the key support at $1.6, which is a good candidate for a bounce. However, a relief rally is likely to be stopped as soon as it approaches $2 again.

Looking ahead, XRP is in a difficult position, as this downtrend could push it to $1.6 or lower later in 2026.

Source: TradingView Cardano (ADA) ADA crashed by 10% this week after buyers left the orderbooks. With no one to stop the selloff, the price fell to $0.33 and may soon be below 30 cents at this rate.

The most significant support is found at 27 cents, which is a level last tested in July 2024. This erases all progress since then and places Cardano in a deep, prolonged bear market.

Looking ahead, there is no relief on the horizon as long as the price is unable to find a bottom. Hopefully, buyers will return under 30 cents to stop the downtrend.

Source: TradingView Binance Coin (BNB) BNB was rejected again at the $900 resistance and closed the week with a 5% loss. With buyers unable to push higher, sellers remain in control and may be keen to revisit the next support at $800.

If support at $800 does not hold, this cryptocurrency is likely to revisit $700, which could act as a reversal point given past price action.

Looking ahead, BNB remains in a downtrend. This makes lower price levels likely despite several attempts by buyers to reverse the trend. Momentum is also shifting more bearish, which may encourage further selling.

Source: TradingView Hype (HYPE) HYPE had a very volatile week after its price pumped by a wooping 68% before retracing somewhat to close the week with a 35% gain, at the time of this post. This is an impressive performance considering most alts are in red nowadays.

This spike comes after several whales ended their selling. This encouraged buyers to return, but so far, this pump still made a lower high being unable to reclaim $35 as support. To turn bullish, that level has to be reclaimed.

Looking ahead, HYPE remains in a clear downtrend on higher timeframes. Nevertheless, this is the first time in months when this cryptocurrency gave a clear signal it may want to reverse and recover the losses booked since September 2025.

Source: TradingView Tags:

TLDR: Buterin withdrew 16,384 ETH to personally fund open-source projects as Ethereum Foundation reduces spending.  The initiative supports secure hardware, privacy applications, and biotechnology with verifiable infrastructure.  Ethereum Foundation maintains focus on core blockchain development while Buterin handles ecosystem projects.  Funding prioritizes genuine open-source access over commercial API models for user self-sovereignty tools. Ethereum co-founder Vitalik Buterin has withdrawn 16,384 ETH from his holdings to support open-source technology initiatives.

The move comes as the Ethereum Foundation implements cost-reduction measures while maintaining its development roadmap.

Buterin announced the withdrawal would fund projects spanning software, hardware, biotechnology, and privacy-focused applications over the coming years.

Foundation Austerity Drives Personal Initiative The Ethereum Foundation has entered what Buterin describes as a period of controlled spending. This approach aims to balance two critical objectives for the organization.

The first goal focuses on delivering an ambitious technical roadmap for the blockchain platform. The second priority ensures the foundation’s long-term financial sustainability.

Buterin explained his role in these austerity measures through a

recent social media post. He stated that his contribution involves “personally taking on responsibilities that might in another time have been ‘special projects’ of the EF.”

In these five years, the Ethereum Foundation is entering a period of mild austerity, in order to be able to simultaneously meet two goals:

1. Deliver on an aggressive roadmap that ensures Ethereum's status as a performant and scalable world computer that does not compromise on…

— vitalik.eth (@VitalikButerin) January 30, 2026

This shift allows the foundation to concentrate resources on core blockchain development. The arrangement reflects a strategic division of responsibilities within the Ethereum ecosystem.

The foundation will maintain its focus on developing the base layer protocol. This includes ensuring Ethereum remains performant, scalable, and decentralized.

Meanwhile, Buterin will direct his resources toward supporting the broader infrastructure ecosystem. This structure enables both entities to pursue their respective missions effectively.

In his announcement, Buterin wrote that he had “just withdrawn 16,384 ETH, which will be deployed toward these goals over the next few years.”

The withdrawn funds represent a substantial commitment to technology development. He also mentioned exploring decentralized staking options to generate additional capital for future projects.

Open-Source Technology Stack Development Buterin outlined his vision for a comprehensive open-source technology infrastructure. The initiative seeks “the existence of an open-source, secure and verifiable full stack of software and hardware.”

Projects will span from silicon chips to operating systems and applications. Security and verifiability serve as core principles throughout this technology stack.

Recent announcements provide context for this broader strategy. The Vensa project seeks to make open silicon commercially viable for security applications.

The uCritter platform incorporates zero-knowledge proofs, fully homomorphic encryption, and differential privacy features. These projects exemplify the technical direction Buterin intends to support.

Privacy-preserving applications form another key component of the funding priorities. Buterin has supported encrypted messaging platforms and local-first software development.

Air quality monitoring initiatives also fall within the scope of supported projects. These diverse areas share common themes of openness and user autonomy.

The funding philosophy emphasizes genuine openness over commercial access models. Buterin criticized approaches where open “means everyone has the right to buy it from us and use our API for $200/month.”

He advocates for systems that are “actually open, and secure and verifiable so that you know that your technology is working for you.” This perspective aligns with Ethereum’s foundational principles of decentralization and user sovereignty.

Buterin framed the initiative as providing essential infrastructure for self-sovereignty. He emphasized that the primary priority is “Ethereum for people who need it” rather than widespread adoption for its own sake. This approach prioritizes building tools that enable cooperation without hierarchical control structures.

El Salvador bought dips in both Bitcoin (CRYPTO: BTC) and gold on Thursday, doubling down on its unique strategy of building reserves in both assets simultaneously. El Salvador Stacks Up Yellow Metal El Salvador's Central Reserve Bank said it purchased 9,298 ounces of gold worth $50 million, boosting total reserves to 67,403 ounces valued at $360 million.

The United States Department of Justice (DOJ) finalized the forfeiture of over $400 million in cryptocurrency and other assets tied to Helix, an early Bitcoin-era darknet mixing service, according to a statement released Thursday. 

The assets were seized from Larry Harmon, the operator of Helix, which processed transactions between 2014 and 2017. The crypto mixer was designed to obscure the source and destination of Bitcoin (BTC) that was linked to darknet markets. 

The forfeiture follows a Jan. 21 order by the US District Court for the District of Columbia, formally transferring ownership of the assets to the government. The final court order gives the government legal title to the seized digital assets, real estate and financial assets connected to Helix’s operations. 

The development marks the legal endpoint of one of the most significant early Bitcoin mixer prosecutions to move through US courts. The case illustrates how major crypto-related enforcement actions can take years to fully resolve, even after criminal conduct has ended.

Helix processed hundreds of thousands of BitcoinAccording to the DOJ, Helix processed at least 354,468 Bitcoin during its operation, worth about $300 million at the time of the transactions. Prosecutors linked the activity to darknet drug markets seeking to launder their illegal proceeds.

Harmon also operated Grams, a search engine designed to support major darknet markets active at the time. 

Investigators said Helix's application programming interface allowed marketplaces to integrate the mixer directly into their Bitcoin withdrawal systems, enabling large-scale laundering activity.

The DOJ said investigators traced tens of millions from darknet markets to Helix. 

Forfeiture finalized years after sentencingHarmon was arrested in February 2020 and pleaded guilty in August 2021 to conspiracy to commit money laundering. He was sentenced in November 2024 to three years in prison.

At the time, the court ordered Harmon to forfeit assets valued at more than $400 million. Last week’s order finalized the forfeiture, transferring clear legal title to the US government. 

As previously reported by Cointelegraph, his sentence was reduced after cooperating with investigators, including testifying in the Bitcoin Fog case against Roman Sterlingov.

Magazine: Bitcoin treasury crackdown, Asia embraces stablecoins: Asia Express 2025

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently. Read our Editorial Policy https://cointelegraph.com/editorial-policy

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

The crypto market is on high alert as Bitcoin (BTC) and Ethereum (ETH) prices have declined by more than 7% today. Crypto traders are preparing for significant volatility and a potential downturn in anticipation of the monthly Bitcoin and Ethereum options expiry.

$8.5 Billion in Bitcoin and Ethereum Options Expiry Sparks Jitters According to crypto derivatives exchange Deribit data, more than 89K Bitcoin options, with a notional value of $7.4 billion, are set to expire today. The put-call ratio has dropped to 0.46, a level typically associated with bullish sentiment.

In the last 24 hours, put volume has surpassed call volume and put/call ratio of 1.12 signals bearish sentiment rising after the crypto market crash. The implied volatility of BTC has increased significantly, with the main-term options around 45%.

Moreover, the max pain price is at $90,000 and the probability of expiring above the $82K strike price is significantly higher, as per the data. Crypto traders anticipate that BTC will consolidate between $82K and $85K pending further signals from macroeconomic factors, ETF activity, and overall market sentiment.

The demand for downside protection has increased, showing traders are cautious even as positioning is still skewed bullish, according to Deribit.

BTC Options Open Interest. Source: Deribit Meanwhile, over 432K Ethereum options with a notional value of almost $1.18 billion are set to expire today. The put-call ratio is bullish at 0.70, but traders have already liquidated their positions amid sudden price swings.

The max pain point is $3000, above the current market price near $2736. Moreover, traders expect prices to remain below $2,800 until next week.

In the last 24 hours, Ethereum put volume has remained significantly higher than call volume. The put-call ratio is 1.48, indicating bearish sentiment among options traders.

Experts told CoinGape that the $2,500 level for ETH provides strong support. This week, the volume and proportion of large-volume options transactions remained high. Also, market makers and active traders have cash on hand and a willingness to trade, with the greatest demand for put-back defensive strategies.

ETH Options Open Interest. Source: Deribit Crypto Traders Brace for Further Downside Risks Expiry of Bitcoin and Ethereum options and traditional financial derivatives could increase price swings, as traders scramble to close or roll over positions. All eyes are on how both the crypto market and equity markets absorb the latest shock.

With the damage from the bearish bias now done, traders are awaiting the release of the December US Producer Price Index (PPI) inflation data later today for cues on the upcoming market direction. The monthly PPI is projected at 0.2%, and headline inflation is forecast at 2.7%, lower than the previous figure of 3%.

Moreover, President Trump is expected to nominate Kevin Warsh as Federal Reserve Chair, with Polymarket indicating a 94% probability for Warsh. 10x Research claimed hawkish Warsh could prompt further selling pressure in Bitcoin and the broader cryptocurrency market.

Kevin Warsh Leads Fed Chair Nomination. Source: Polymarket Bitcoin long-term holder behavior has shifted bearish, whales continue to liquidate holdings, and stablecoins witnessing off-ramps since December in response to Warsh as a potential candidate.

“These developments tie not only to the December Fed meeting but also to the likely nomination of Kevin Warsh, an outcome that may have been an open secret within the White House inner circle for the past six to seven weeks,” 10x Research added.

BTC is currently trading at $82,576 following a 7% decline over the past 24 hours. The 24-hour low and high are $81,071 and $88,330, respectively. Meanwhile, Ethereum is trading at $2,735 after a modest rebound.

Sneha Agrawal

With over four years of experience in covering and tracking the financial markets, Sneha Agrawal is a dedicated Crypto Journalist and Editor with passion for researching and writing the crypto pieces. She is currently leading the Block of Fame, here at CoinGape. She likes to keep track of political, legal and financial happenings all around the world - without which she deems her day incomplete. Apart from her Journalistic endeavours, she is a solo traveler, museum goer, and a keen reader of books.

Prediction markets show overwhelming odds in Warsh’s favor after reports that he met with Trump and impressed the president. Warsh also previously expressed a more favorable view of Bitcoin than Powell. Separately, Michael Selig said the Commodity Futures Trading Commission will join the Securities and Exchange Commission’s Project Crypto to align digital asset regulation.

Kevin Warsh Leads Trump’s Fed Chair PickUS President Donald Trump is expected to nominate former Federal Reserve governor Kevin Warsh as the next chair of the US central bank, according to multiple major media outlets. Trump said on Thursday that he would announce his pick to replace current chair Jerome Powell on Friday, ahead of Powell’s term ending in May. Bloomberg, The Wall Street Journal, and The New York Times all reported that Warsh is set to be the nominee.

Reuters also reported that Trump met with Warsh on Thursday, with one person briefed on the discussion saying the former Fed official impressed the president during their meeting. Warsh served as a Federal Reserve governor from 2006 to 2011, which is a period that included the global financial crisis, and has since stayed an influential voice in monetary policy debates. His past experience and hawkish reputation seems to have resonated with Trump.

Prediction markets moved sharply after the reports. On Polymarket, Warsh’s odds of being nominated surged from around 30% to roughly 94%. Former frontrunner Rick Rieder, a senior executive at BlackRock, saw his chances fall to just over 3%. Similar dynamics played out on Kalshi, where Warsh’s odds climbed to more than 90%, leaving economist Kevin Hassett and Rieder with single-digit probabilities.

‘Who will Trump nominate as Fed Chair’ on Polymarket

Warsh is widely seen as a nominee who would advocate fiscal restraint, a strong stance against inflation, and a clearer exit from quantitative easing policies. Markets appeared to react to that perception, with the US dollar strengthening and Treasury yields rising as anticipation grew that Trump would favor a more hawkish candidate over alternatives seen as closer to the current policy consensus.

Beyond his macroeconomic views, Warsh is also well known for his favorable stance on Bitcoin compared with Powell, who has generally downplayed the cryptocurrency’s role in the US economy. In a July interview with the Hoover Institution, Warsh rejected the idea that Bitcoin threatens the Federal Reserve’s ability to manage monetary policy. Instead, he argued that the asset could act as a form of market discipline for policymakers.

“Bitcoin doesn't trouble me,” Warsh said at the time, and described it as an important asset that can signal when policymakers are making good or bad decisions.

CFTC Joins SEC Project Crypto PushMeanwhile, Michael Selig, chair of the Commodity Futures Trading Commission (CFTC), said the agency will formally join the Securities and Exchange Commission’s (SEC) Project Crypto. In prepared remarks at a joint SEC-CFTC discussion focused on harmonizing approaches to crypto regulation, Selig said the CFTC intends to partner with the SEC on the initiative, which was launched in July to bring more regulatory clarity to the digital asset sector.

According to Selig, the collaboration is designed to advance a clear taxonomy for crypto assets, clarify jurisdictional boundaries between the agencies, eliminate duplicative compliance obligations, and reduce regulatory fragmentation across US markets. He argued that fragmented oversight creates tangible economic costs by raising barriers to entry, reducing competition, increasing compliance expenses, and incentivizing regulatory arbitrage rather than productive investment. The goal of cooperation is not to blur statutory responsibilities, but to remove unnecessary duplication that does not meaningfully improve market integrity.

The remarks were made as Congress debates digital asset market structure legislation. Earlier on Thursday, the Senate Agriculture Committee voted along party lines to advance a bill intended to clarify the respective roles of the SEC and CFTC in regulating crypto markets. 

Selig also addressed the CFTC’s stance on prediction markets. He said that since taking office in December, he directed staff to withdraw a 2024 rule that prohibited political and sports-related event contracts, as well as a 2025 advisory that warned registrants against offering sports-related contracts amid ongoing litigation.

Selig said the agency’s existing framework has proven difficult to apply and failed market participants. He intends to establish clearer standards for event contracts to provide regulatory certainty. 

Questions about CFTC leadership also surfaced during the Senate Agriculture Committee’s consideration of the Digital Commodity Intermediaries Act. Senator Amy Klobuchar proposed an amendment that would have required the CFTC to have at least four commissioners in place before the bill’s authorities could be implemented. The amendment narrowly failed along party lines, with Republicans opposing the change. Klobuchar argued that Congress should not grant expansive new powers to an agency currently operating with just one commissioner. Selig assumed office after the departure of former acting chair Caroline Pham and several resignations in 2025.

Meanwhile, Silver (XAG/USD) is trading at 112.43, down 2.89%, as sellers stepped in after recent gains. However, the decline was mainly due to a stronger US dollar and news of a deal to avoid a US government shutdown.

US Dollar Gains Amid Government Funding Deal, Gold Faces Pressure On the US front, the broad-based US dollar gained traction after Congress reached an agreement to fund the government through the end of the year. This eased worries about a possible government shutdown, leading some traders to sell gold.

At the same time, the ongoing worries about the Federal Reserve losing its independence and the chance of lower interest rates capping the gain in the dollar. Former President Trump criticized Fed Chair Powell and suggested big rate cuts, but the Fed kept rates unchanged. Investors are now waiting for the new Fed chair announcement, the upcoming US Producer Price Index (PPI) report, and comments from Fed officials.

Gold Gains Support Amid US Geopolitical Tensions and Russia-Ukraine Conflict On the geopolitical front, US President Donald Trump’s tariff threats and ongoing global tensions are helping gold price to limit its losses. On Thursday, Trump said he wants to avoid using military force against Iran, which gave markets a small boost. However, concerns remain as he threatened to impose 50% tariffs on Canadian-made aircraft until American jets are certified in Canada.

Meanwhile, the US is sending warships and fighter jets to the Middle East, and Secretary of War Pete Hegseth said that America is prepared to take decisive action under Trump’s orders. This keeps the possibility of a military conflict alive, which usually boosts demand for safe-haven assets like gold.

On the other hand, tensions between Russia and Ukraine also add uncertainty. Russia invited Ukrainian President Zelensky to Moscow for peace talks, but no deal has been reached. Ukraine rejected Russia’s demand to give up the Donbas region, keeping the conflict unresolved and markets on edge.

Gold – Chart Gold (XAU/USD) is trading around $5,215, continuing its drop after it could not stay above $5,500. On the 4-hour chart, the price has fallen below the short-term rising trendline, which shows that upward momentum is fading. Recent candles have long bearish bodies, showing sellers stepped in after the price was rejected near resistance.

The overall trend remains positive, as the price is staying above the $5,115 to $5,000 support area and above the rising 50-period moving average.

RSI has fallen to the low 40s, which suggests momentum is slowing but there is no sign of panic selling. If the price moves back above $5,300, it could steady the trend, but if it drops below $5,115, a bigger pullback is possible.

Trade idea: Buy near $5,100, target $5,350, stop below $4,980.

Silver Price Forecast: XAG Holds $111 as Uptrend Pauses Near Key Support

Resources Investor Relations Journalists Agencies Client Login Send a Release News Products Contact , /PRNewswire/ -- Tetragon has released its Monthly Factsheet for December 2025.

Net Asset Value: $3,892m Fully Diluted NAV per Share: $41.88 Share Price (TFG NA): $17.35 Monthly NAV per Share Total Return: 0.1% Monthly Return on Equity: 0.5% Most Recent Quarterly Dividend: $0.11 Dividend Yield: 2.6% Please refer to important disclosures on page three of the Monthly Factsheet.

Please click below to access the Monthly Factsheet.

December 2025 Factsheet

About Tetragon:

Tetragon is a Guernsey closed-ended investment company. Its non-voting shares are listed on Euronext in Amsterdam, a regulated market of Euronext Amsterdam N.V., and also traded on the Specialist Fund Segment of the Main Market of the London Stock Exchange. Our investment manager is Tetragon Financial Management LP. Find out more at www.tetragoninv.com.

Tetragon's non-voting shares are subject to restrictions on ownership by U.S. persons and are not intended for European retail investors.

Please see: https://www.tetragoninv.com/shareholders/additional-information.

Tetragon Investor Relations:
Yuko Thomas
[email protected]

Press Inquiries:
Prosek Partners
[email protected]
U.K. +44 20 3890 9193
U.S. +1 212 279 3115

This release does not contain or constitute an offer to sell or a solicitation of an offer to purchase securities in the United States or any other jurisdiction. The securities of Tetragon have not been and will not be registered under the U.S. Securities Act of 1933 and may not be offered or sold in the United States or to U.S. persons unless they are registered under applicable law or exempt from registration. Tetragon does not intend to register any portion of its securities in the United States or to conduct a public offer of securities in the United States. In addition, Tetragon has not been and will not be registered under the U.S. Investment Company Act of 1940, and investors will not be entitled to the benefits of such Act. Tetragon is registered in the public register of the Netherlands Authority for the Financial Markets under Section 1:107 of the Financial Markets Supervision Act as a collective investment scheme from a designated country.    

SOURCE Tetragon Financial Group Limited

LONDON, UK / ACCESS Newswire / January 30, 2026 / In accordance with the Financial Conduct Authority's Disclosure and Transparency Rules, the Company hereby announces that as at 30 January 2026 there were 168,728,216 ordinary shares of 1 pence each in issue, none of which are held in treasury. Therefore, the total number of voting rights in the Company is 168,728,216.

The above figure of 168,728,216 may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

The Directors of the Company are responsible for the release of this announcement.

For further information visit www.guardianmetalresources.com or contact the following:

Guardian Metal Resources plc

Oliver Friesen (CEO)

Tel: +44 (0) 20 7583 8304

Cairn Financial Advisers LLP

Nominated Adviser

Sandy Jamieson/Jo Turner/Louise O'Driscoll

Tel: +44 (0) 20 7213 0880

Berenberg

Joint Broker and Financial Adviser

Jennifer Lee/Ivan Briechle

Tel: +44 (0) 20 3207 7800

Tamesis Partners LLP

Joint Broker

Charlie Bendon/Richard Greenfield

Tel: +44 (0) 20 3882 2868

Tavistock

Financial PR

Emily Moss/Josephine Clerkin

Tel: +44 (0) 7920 3150 /

+44 (0) 7788 554035

[email protected]

About Guardian Metal Resources

Guardian Metal Resources PLC (LON:GMET)(OTCQX:GMTLF) is a strategic mineral exploration company driving the revival of U.S. mined tungsten production and strengthening America's defense metal independence. The Company is advancing two co-flagship tungsten projects, Pilot Mountain, one of the largest undeveloped tungsten deposits in the U.S. and Tempiute, formerly America's largest producing tungsten operation, both located in Nevada, one of the top-rated mining jurisdictions in the U.S.

In July 2025, the U.S. Department of War (DoW) under Title III of the Defense Production Act of 1950, as amended, invested US$6.2M in Golden Metal Resources (USA) LLC, a wholly-owned subsidiary of Guardian Metal Resources PLC, to support the Pilot Mountain PFS. The Company has announced plans to pursue a U.S. listing in the first half of 2026.

Tungsten is a strategic metal critical to the defense, energy transition, technology, and industrial sectors. In the context of shifting geopolitical dynamics and tightening Chinese export restrictions, Guardian is well positioned to play a leading role in re-establishing a secure, domestically mined U.S. supply chain for this vital defense metal.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

SOURCE: Guardian Metal Resources PLC

THE INFORMATION CONTAINED HEREIN IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO AUSTRALIA, CANADA, ITALY, DENMARK, JAPAN, THE UNITED STATES, OR TO ANY NATIONAL OF SUCH JURISDICTIONS

NBPE Announces December Monthly NAV Estimate

Guernsey, 30 January 2026

NB Private Equity Partners (NBPE), the $1.2bn0F1, FTSE 250, listed private equity investment company managed by Neuberger Berman, today announces its 31 December 2025 monthly NAV estimate.

NAV Highlights (31 December 2025)

NAV per share was $27.80 (£20.67), a USD total return of 0.5% in the monthApproximately 16% of valuation information based on 31 December 2025 private company valuations or quoted holdingsAdditional private company valuation information expected in the coming weeks and will be incorporated into future monthly NAV updates ~516k shares repurchased (~$10.9 million) in December 2025 at a weighted average discount of 24% resulting in ~$0.07 NAV per share accretion in the month$302 million of available liquidity at 31 December 2025 As of 31 December 202520253 years5 years10 yearsNAV TR (USD)*
Annualised4.5%8.4%
2.7%45.3%
7.8%166.8%
10.3%MSCI World TR (USD)*
Annualised21.6%80.3%
21.7%81.5%
12.7%231.7%
12.7%     Share price TR (GBP)*
Annualised7.5%16.3%
5.2%73.3%
11.6%243.4%
13.1%FTSE All-Share TR (GBP)*
Annualised24.0%46.5%
13.6%73.9%
11.7%123.4%
8.4% * All NBPE performance figures assume re-investment of dividends on the ex-dividend date and reflect cumulative returns over the relevant time periods shown. Three-year, five-year and ten-year annualised returns are presented for USD NAV, MSCI World (USD), GBP Share Price and FTSE All-Share (GBP) Total Returns.

Portfolio Update to 31 December 2025

NAV performance during the month primarily driven by FX and private company valuations

0.2% NAV increase ($3 million) from foreign exchange movements0.2% NAV increase ($2 million) from updated private company valuation informationImmaterial change in NAV from quoted holdings0.3% of NAV accretion from share buybacks(0.2%) NAV decrease ($3 million) attributable to expense accruals $180 million of realisations received in 2025

$22 million received during the month of December, consisting primarily of previously announced realisations and partial sales of quoted holdings Realisations from equity co-investments 57% higher than 2024Average uplift to carrying value of 17% and a 2.8x MOIC1F2 $23 million deployed in 2025. $40 million committed to two new investments in December 2025 and January 2026

Approximately $10 million committed to one new investment in December 2025 and an additional $30 million committed to one new investment in January 2026; both investments are expected to close in the coming weeksStrong pipeline of investment opportunities, especially in mid-life co-investments and co-underwrite opportunities Well positioned to take advantage of opportunities with $302 million of total liquidity at 31 December 2025

$92 million of cash and liquid investments with $210 million of undrawn credit line available Continued buybacks in December 2025

~516k shares repurchased in December 2025 at a weighted average discount of 24%; buybacks were accretive to NAV by ~$0.07 per shareIncluding buybacks through 29 January 2026, since the beginning of 2025, NBPE has repurchased ~3.3m shares ($66 million) at a weighted average discount of 26% which was accretive to NAV by ~$0.54 per share Portfolio Valuation
The fair value of NBPE’s portfolio as of 31 December 2025 was based on the following information:

16% of the portfolio was valued as of 31 December 2025 7% in public securities9% in private direct investments 84% of the portfolio was valued as of 30 September 2025 84% in private direct investments For further information, please contact:

NBPE Investor Relations        +44 (0) 20 3214 9002
Luke Mason        [email protected]  

Kaso Legg Communications        +44 (0)20 3882 6644
Charles Gorman        [email protected]
Luke Dampier
Charlotte Francis

Supplementary Information (as of 31 December 2025)

Company NameVintageLead SponsorSectorFair Value ($m)% of FVAction20203iConsumer73.26.1%Osaic2019Reverence CapitalFinancial Services69.85.8%Solenis2021Platinum EquityIndustrials65.15.4%Monroe Engineering2021AEA InvestorsIndustrials53.24.4%BeyondTrust2018Francisco PartnersTechnology / IT45.03.7%FDH Aero2024Audax GroupIndustrials43.63.6%Mariner2024Leonard Green & PartnersFinancial Services43.23.6%Business Services Company*2017Not DisclosedBusiness Services41.43.4%True Potential2022CinvenFinancial Services39.43.3%Branded Cities Network2017Shamrock CapitalCommunications / Media37.23.1%Constellation Automotive2019TDR CapitalBusiness Services36.03.0%Marquee Brands2014Neuberger BermanConsumer32.52.7%Staples2017Sycamore PartnersBusiness Services31.32.6%Auctane2021Thoma BravoTechnology / IT29.02.4%Engineering2020Renaissance Partners / Bain CapitalTechnology / IT27.22.3%GFL (NYSE: GFL)2018BC PartnersBusiness Services27.12.3%Benecon2024TA AssociatesHealthcare25.92.1%Agiliti2019THLHealthcare25.32.1%Viant2018JLL PartnersHealthcare24.22.0%AutoStore (OB.AUTO)2019THLIndustrials24.12.0%Excelitas2022AEA InvestorsIndustrials24.12.0%Kroll2020Further Global / Stone PointFinancial Services23.92.0%Fortna2017THLIndustrials21.41.8%CH Guenther2021Pritzker Private CapitalConsumer20.31.7%Addison Group2021Trilantic Capital PartnersBusiness Services19.91.7%Solace Systems2016Bridge Growth PartnersTechnology / IT19.01.6%Real Page2021Thoma BravoTechnology / IT18.81.6%Qpark2017KKRTransportation15.81.3%Renaissance Learning2018Francisco PartnersTechnology / IT15.11.3%Chemical Guys2021AEA InvestorsConsumer14.81.2%Total Top 30 Investments    $986.9 81.9% *Undisclosed company due to confidentiality provisions.

Geography% of PortfolioNorth America77%Europe23%Total Portfolio100%  Industry% of PortfolioTech, Media & Telecom20%Industrials / Industrial Technology20%Consumer / E-commerce20%Financial Services16%Business Services13%Healthcare9%Other4%Total Portfolio100%  Vintage Year% of Portfolio2016 & Earlier8%201715%201813%201914%202011%202119%20226%20232%202410%20252%Total Portfolio100% About NB Private Equity Partners Limited
NBPE invests in direct private equity investments alongside market leading private equity firms globally. NB Alternatives Advisers LLC (the “Investment Manager”), an indirect wholly owned subsidiary of Neuberger Berman Group LLC, is responsible for sourcing, execution and management of NBPE. The vast majority of direct investments are made with no management fee / no carried interest payable to third-party GPs, offering greater fee efficiency than other listed private equity companies. NBPE seeks capital appreciation through growth in net asset value over time while paying a bi-annual dividend.

LEI number: 213800UJH93NH8IOFQ77

About Neuberger Berman
Neuberger is an employee-owned, private, independent investment manager founded in 1939 with approximately 3000 employees across 27 countries. The firm manages $563 billion of equities, fixed income, private equity, real estate and hedge fund portfolios for global institutions, advisors and individuals. Neuberger's investment philosophy is founded on active management, fundamental research and engaged ownership. The firm is proud to be recognized for its commitment to its two constituents, clients and employees. Again in 2025, we were named Best Asset Manager for Institutional Investors in the US (Crisil Coalition Greenwich) and the #1 Best Place to Work in Money Management (Pensions & Investments, firms with more than 1,000 employees). Neuberger has no corporate parent or unaffiliated external shareholders. Visit www.nb.com for more information, including www.nb.com/disclosure-global-communications for information on awards. Data as of December 31, 2025.

1 Based on net asset value.
2 Includes unrealised value of partial realisations.

December 2025 NBPE FactsheetvF (1)

VANCOUVER, BC / ACCESS Newswire / January 30, 2026 / Troubadour Resources Inc. ("TR", "Troubadour" or the "Company") (TSXV:TR)(OTC PINK:TROUF)(FSE:2QD0) (WKN: A3DBDE) is pleased to announce that the Company has intercepted target mineralization during Phase 1 of the multi-phase drill program at its Senneville Gold-Silver-Copper property ("Senneville" or the "Property").

Phase-1 Drill Campaign Highlights:

Completed phase-1 drilling campaign was focused on the Gustav Cere showing based on the data obtained from the recently completed induced polarization (IP) surveys (see press release dated January 18, 2026).

The high-grade gold mineralization seen at the Property is hosted in quartz-carbonate-tourmaline veins along the both footwall and hanging wall of the Senneville Komatiite that bear many similarities to the gold-bearing veins of the neighboring Novador deposits.

7 drill holes totalling approximately 1,000 metres were drilled focusing on near surface targets.

Target mineralization intervals were intercepted along all seven phase-1 drilling campaign drill holes (Fig. 1)

Drill holes SV-25-002, SV-25-007, SV-25-006 and SV-25-003 intercepted the longest cumulative mineralization intervals:

SV-25-002: 57.8 metres of target mineralization was intercepted beginning at 20.14 metres downhole, with multiple intervals over 4 metres in width up to 19.35 metres.

SV-25-007: 50.6 metres of target mineralization was intercepted beginning at 2.65 metres downhole, with multiple intervals over 5 metres in width up to 21.5 metres.

SV-25-006: 44.6 metres of target mineralization was intercepted beginning at 15.01 metres downhole, with multiple intervals over 3 metres in width up to 7.4 metres.

SV-25-003: 39 metres of target mineralization was intercepted beginning at 2.65 metres downhole, with multiple intervals over 5 metres in width up to 13 metres.

The mineralization is mainly associated with quartz carbonate veins and veinlets in forms of disseminated sulfides, stringers, clusters and fracture filling within sheared and deformed lithological terrains (Fig. 2). The main mineralization hosting lithology is sheard and deformed volcanics dominantly in form of mafic volcanics (basalt) and less intermediate sequences including andesite and volcanosediments.

Figure 1 - Summary of the Mineralized Intervals Downhole the Phase-1 Drill holes

Figure 2- Forms of Mineralization intercepted along the drill holes in Phase-1

The mineralized sections of SV-25-002 dominantly including pyrite and less pyrrhotite with trace magnetite in different forms of disseminated, cluster, stringer, and fracture filling are hosted within the sequence of sheared and partially extensionally deformed mafic to intermediate volcanic and less intermediate tuff rock formations associated with quartz-carbonate vein and veinlet system and the main alteration products of chloritization, carbonatization, and less biotitization and silicification. Figure 3 illustrates the longest intercepted mineralized interval downhole this drill hole.

Figure 3 - The longest mineralized section along drillhole SV-25-002.

The mineralized sections of SV-25-007 dominantly including pyrite and less pyrrhotite in different forms of disseminated, cluster, stringer, and fracture filling are hosted within the sequence of sheared and partially extensionally deformed mafic volcanics and less intermediate intrusions and volcanoclastic rock formations associated with quartz-carbonate vein and veinlet system and the main alteration products of chloritization, carbonatization, and less silicification and biotitization. Figure 4 illustrates the longest intercepted mineralized interval downhole this drill hole.

Figure 4 - The longest mineralized section along drillhole SV-25-007.

The mineralized sections of SV-25-006 dominantly including pyrite and less pyrrhotite with some trace magnetite in different forms of disseminated, cluster, stringer, semi-massive and fracture filling are hosted within the sequence of sheared and partially extensionally deformed mafic volcanic and less intermediate volcanics, volcano sediments and intrusion rock formations associated with quartz-carbonate vein and veinlet system and also main alteration products of chloritization, carbonatization, biotitization, and less silicification and seriticization. Figure 5 illustrates the longest intercepted mineralized interval downhole this drill hole.

Figure 5 - The longest mineralized sections along drillhole SV-25-006.

The mineralized sections of SV-25-003 dominantly including pyrite and less pyrrhotite in different forms of disseminated, cluster, stringer, and fracture filling are hosted within the sequence of sheared and partially extensionally deformed mafic to intermediate volcanic, and less mafic intrusion as well intermediate volcanic and intrusion rock formations associated with quartz-carbonate vein and veinlet system and the main alteration products of chloritization, biotitization and carbonatization, and less silicification. Figure 6 illustrates the longest intercepted mineralized interval downhole this drill hole.

Figure 6 - The longest mineralized sections along drillhole SV-25-003.

Property Summary

The Property is prospective for both orogenic gold and polymetallic VMS-style mineralization and comprises 212 mineral claims totalling about 119.5 km2, located within the prolific Val d'Or Mining Camp between Probe Gold's McKenzie Break deposit (25.5 Mt grading 1.77 g/t Au, 1,452,261 ounces Inferred1) to the north and the Probe's Novador Development Project to the south (177.5 Mt grading 1.12 g/t Au, 6,405,000 ounces M&I and 30.3 Mt grading 1.59 g/t Au, 1,550,200 ounces Inferred2).

Note: Readers are cautioned that the geology of nearby properties is not necessarily indicative of the geology of the Company's properties.

The Company's multi-phase drill program includes 75 drill holes that have been designed based on all the available historic and recently conducted information layers including geological mapping and surveying, airborne geophysics, ground geophysics, geochemical surveys, and historic and recent drill programs' results.

The multi-phase drill program includes 5 promising target areas: Gustav Cere, Val Saint George, Contact, Vert Lake, Golden Island Fault, and Milieu Lake Batholite (Fig. 7).

Historic drilling in the 1980s (AHS series; GM41852) targeted a horizon of gold-bearing quartz veins along the footwall of the Senneville Komatiite. Recent drilling, in 2012 (SV-12-03; GM68366) and 2021(XR-21-01A; GM72154), intersected higher Au-grade drill intercepts (up to 18.75 g/t Au over 0.85 metres) along the hanging wall contact of the Senneville Komatiite, where relatively minor drilling has been focused. A third horizon of gold mineralization is suggested by the presence of visible gold in 1981 drillhole SNF-3 ("a few small pinpricks of visible gold"; GM37553) however assays are not reported for this interval.

Figure 7- Preliminary design for the 10,000m multi-phase drill program

Qualified Person

Babak V. Azar, P.Geo., géo (EGBC#62313, OGQ#10876), an independent Qualified Person as defined by the National Instrument 43-101, has reviewed and approved the technical contents of this news release.

About Troubadour Resources Inc.

Troubadour Resources Inc. is a North American mineral acquisition and exploration company focused on the development of quality critical mineral and precious metal properties that are drill-ready with high-upside and expansion potential. Based in Vancouver, BC, Troubadour trades on the TSX Venture Exchange under the symbol TR, the OTC Markets under the symbol TROUF, and on the Frankfurt, Berlin and Tradegate Stock Exchanges under the symbol 2QD0/WKN:A3DBDE.

NI 43-101 Technical Evaluation Report and Mineral Resource Estimate for the McKenzie Break Property, Québec. Probe Gold Inc, Oct. 18th, 2024.

NI 43-101 Technical Report and Updated Mineral Resource Estimate for the Novador Project, Quebec. Probe Gold Inc, 18th Oct, 2024

TROUBADOUR RESOURCES INC.

Zachary Kotowych, CEO and Director

For more information, please email Zachary Kotowych at [email protected] or call (437) 855 - 4540

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

Forward-looking statements:

This news release may include "forward-looking information" under applicable Canadian securities legislation. Such forward-looking information reflects management's current beliefs and are based on a number of estimates and/or assumptions made by and information currently available to the Company that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors that may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Readers are cautioned that such forward-looking information are neither promises nor guarantees and are subject to known and unknown risks and uncertainties including, but not limited to, general business, economic, competitive, political and social uncertainties, uncertain and volatile equity and capital markets, lack of available capital, actual results of exploration activities, environmental risks, future prices of base and other metals, operating risks, accidents, labour issues, delays in obtaining governmental approvals and permits, and other risks in the mining industry.

The Company is presently an exploration stage company. Exploration is highly speculative in nature, involves many risks, requires substantial expenditures, and may not result in the discovery of mineral deposits that can be mined profitably. Furthermore, the Company currently has no reserves on any of its properties. As a result, there can be no assurance that such forward-looking statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements.

SOURCE: Troubadour Resources Inc.

, /PRNewswire/ -- Due to a conversion of shares from Series A to Series B in accordance with AB SKF's Articles of Association, the Company confirms the following.

As per 30 January 2026 there are a total of 455,351,068 shares in AB SKF, out of which 28,918,320 shares are of Series A and 426,432,748 shares are of Series B. The number of votes in the Company amounts to 71,561,594.8.

AB SKF does not hold any own shares.

Aktiebolaget SKF
(publ)

Information in this press release contains information that AB SKF is obliged to make public pursuant to the Financial Instruments Trading Act. The information was submitted for publication on 30 January 2026 at 08:00 CET.

For further information, please contact:

Press Relations: Carl Bjernstam, +46 31-337 2517; +46 722 201 893; [email protected] 
Investor Relations: Sophie Arnius, +46 31-337 8072; +46 705 908 072; [email protected] 

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

https://news.cision.com/skf/r/announcement-of-change-in-the-total-number-of-votes-in-ab-skf,c4299866

The following files are available for download:

SOURCE SKF

Coca-Cola has established a track record of success.

Coca-Cola (KO +0.51%) is a name people around the world recognize, thanks to the company's dominance in the global non-alcoholic drinks market. From the eponymous Coca-Cola to other sparkling beverages, juices, waters, and more, the company has built an empire that's delivered steady earnings growth over the years.

And this has translated into performance for the stock, with a 50% gain over the past five years. Of course, this may seem like a lackluster performance if we compare it to some of the most popular tech stocks that have climbed in the triple digits in less than a year. But it's important to keep in mind that Coca-Cola offers you a certain sense of security, making it an excellent stock to hold onto for the long term. One of the world's most famous investors has made that bet. I'm talking about Warren Buffett, who purchased shares in the late 1980s and has held on ever since.

And speaking of the famous billionaire and former chief executive officer of Berkshire Hathaway, he likely would support the following reasons for buying the stock -- because these particular elements are key to his investing strategy. Let's check out these two reasons to buy Coca-Cola stock like there's no tomorrow.

Image source: Getty Images.

1. Coca-Cola has a fantastic moat Even companies with a wonderful product must worry about the following: competition. It can take down even the most successful company or product, and that's why a player that aims to win over the long term must have a solid moat. This means a competitive advantage, and it can come in many forms -- from a strong brand to difficult-to-beat partnerships and logistics.

Two major moats for Coca-Cola are its brand strength and the business model of concentrate operations and finished product operations. Regarding brand, Coca-Cola has the name recognition that results in people going to a restaurant and asking for "a Coke" rather than a cola beverage. When consumers want such a drink, the first name that comes to mind generally is Coca-Cola.

Another element that keeps Coca-Cola in the lead is the company's manner of selling its products -- it offers them as the finished products we know well, and it also sells beverage concentrates to bottling partners worldwide that go on to sell finished products to retailers. Though finished products generally deliver stronger net operating revenue, concentrate operations favor higher profit margins -- this strikes a great balance for the company, and helps keep it closer to customers and their tastes in every region.

Today's Change

(

0.51

%) $

0.37

Current Price

$

73.43

2. Coca-Cola has proven its commitment to rewarding shareholders Investors looking for passive income often flock to Coca-Cola, and this is due to its long-standing commitment to sharing its successes with shareholders. The company is a Dividend King, meaning it's increased its dividend for more than 50 straight years.

Last February, the Coca-Cola board approved the company's 63rd consecutive annual dividend increase. Today, the beverage giant pays a dividend of $2.04, representing a dividend yield of 2.7%. That's higher than the S&P 500 dividend yield of 1.1%.

When a company commits to dividend growth for so many years, there's reason to be confident the trend will continue. This is because it shows that rewarding shareholders is a key part of the company's strategy. It's also important to note that Coca-Cola's high levels of free cash flow over time mean that it has the financial capacity to keep paying out dividends and regularly increasing payments.

Today, the S&P 500 continues to roar higher, but investors have worried about when the momentum may slow. When this eventually happens, as markets don't advance nonstop forever, dividend stocks may limit the impact on investors' portfolios. And in times of market strength, dividend stocks offer you an additional lift. That's why Coca-Cola stock is one to buy like there's no tomorrow, as it may score a win for you in any market environment.

Hyperscalers are expected to spend $500 billion on AI- related capital expenditures in 2026.

According to FactSet Research, artificial intelligence (AI) developers are set to spend $500 billion on infrastructure this year. Hyperscalers like Microsoft, Alphabet, Amazon, Meta Platforms, and OpenAI aren't slowing their AI buildouts. This means investors should be prepared to see continued acceleration in data center construction and chip procurement throughout 2026.

Below, I'll break down my top two AI semiconductor stocks for 2026 set to benefit from the infrastructure tailwinds. Spoiler alert: Nvidia didn't make the cut.

Image source: Getty Images.

1. Broadcom When it comes to data centers, Broadcom (AVGO 0.75%) is a name that often gets overshadowed by the pure-play chip designers like Nvidia or Advanced Micro Devices. Smart investors understand that discounting Broadcom's role in the AI infrastructure value chain is a big mistake, though.

Today's Change

(

-0.75

%) $

-2.51

Current Price

$

330.73

Think of Broadcom as the digital plumbing that keeps AI data centers up and running. While everyone else talks about GPUs, Broadcom supplies the networking gear, switches, and interconnects that keep AI workloads flowing across chip clusters.

In addition, many of the hyperscalers are exploring the idea of complementing their GPU stacks with custom architectures of their own. Broadcom helps design these custom silicon solutions with a number of high-profile developers, including Alphabet, Apple, ByteDance, and Meta.

AVGO PE Ratio (Forward) data by YCharts

Considering nearly 100% of analysts covering the stock rate it a buy, in combination with a steeply discounted valuation based on forward earnings estimates, Broadcom looks like a no-brainer opportunity to buy and hold for the ongoing AI infrastructure boom.

2. Taiwan Semiconductor Manufacturing Taiwan Semiconductor Manufacturing (TSM 0.80%) is the ultimate pick-and-shovel stock for the AI revolution. TSMC doesn't sell chips used to build generative AI applications. Instead, the company serves a much more critical role.

Nvidia, AMD, Broadcom, Micron Technology, and many more outsource their manufacturing needs to TSMC's foundry. TSMC is the largest chip manufacturer in the world in terms of revenue -- holding an estimated 70% market share.

Today's Change

(

-0.80

%) $

-2.75

Current Price

$

339.55

Over the last few years, TSMC has gone through somewhat of a renaissance. The company is no longer vulnerable to the cyclical trends that once plagued the semiconductor industry. Thanks to AI, TSMC's services are constantly in demand as hyperscalers increase their capital expenditure (capex) budgets and buy more chips.

TSM Revenue (TTM) data by YCharts

The company's revenue and profitability profile are accelerating faster than Wall Street anticipated. Perhaps even better, TSMC's management guided for further growth over the coming years as the infrastructure movement continues to unfold.

With new applications entering the market, AI workloads will continue to expand. Given these dynamics, big tech will need to ensure it has enough capacity and memory capabilities in place -- fueling further demand for both general-purpose and custom chips.

To me, TSMC might be the most underrated AI chip stock of the decade. Now looks like a great time to load up on the stock before its next growth arc comes into full bloom.

Adam Spatacco has positions in Alphabet, Amazon, Apple, Meta Platforms, Microsoft, and Nvidia. The Motley Fool has positions in and recommends Advanced Micro Devices, Alphabet, Amazon, Apple, FactSet Research Systems, Meta Platforms, Micron Technology, Microsoft, Nvidia, and Taiwan Semiconductor Manufacturing. The Motley Fool recommends Broadcom. The Motley Fool has a disclosure policy.

January 30, 2026 02:30 ET  | Source: ArcelorMittal S.A.

30 January 2026, 08:30 CET

The Government of the Republic of Liberia and ArcelorMittal (“the Company”) have signed an amendment to the existing Mineral Development Agreement (MDA), which was yesterday ratified via the Liberian legislative process, extending the duration of the agreement to 2050, with a right to renew for a further 25 years. The agreement solidifies ArcelorMittal’s long-term mining expansion and commitment to Liberia. It also provides for the Government’s desire to make the Tokadeh to Buchanan rail corridor accessible to multiple users.

The agreement, alongside the recent inauguration of ArcelorMittal’s iron ore concentration facility at Tokadeh in Nimba County, highlights Liberia’s growing stature as a competitive and strategic hub for mineral development in West Africa. The state-of-the-art concentrator facility is one of the largest and most technologically advanced iron ore beneficiation plants in Africa.

The new concentrator forms the centrepiece of ArcelorMittal’s $1.8 billion expansion project, bringing the Company’s total investment in Liberia to $3.5 billion - the largest foreign direct investment in Liberia’s post-war economy. In addition to the concentrator, the expansion project has involved significant investment in the rail infrastructure running between Tokadeh and Buchanan, upgrades to the existing port infrastructure including construction of an additional berth at the port in Buchanan, and other infrastructure investments including two power plants.

The expansion project, which is nearing completion, will see iron ore shipments increase from historic levels of approximately 5 million tonnes per annum (mtpa) to 20 mtpa in 2026, alongside improvements in product quality to higher grade, higher value ore. The Company is also undertaking feasibility studies for further expansion of its iron ore asset beyond 20 mtpa.

The agreement makes provision for a multi-user agreement regarding the use of the rail infrastructure, where other users who wish to use this infrastructure are required to invest in its expansion in order to meet their transportation needs. ArcelorMittal is currently expanding the railway infrastructure so it can transport up to 30 million tonnes of iron ore annually, should the feasibility studies it is undertaking prove successful and a decision is taken to expand iron ore production beyond 20 mtpa. This railway capacity will be reserved for ArcelorMittal’s use.

Under the terms of the agreement ArcelorMittal will pay $200 million to the Government of Liberia for certain rights it acquires per the agreement, namely the mining rights extension and reserved access to railroad capacity the Company is investing in.  

Commenting, His Excellency President Joseph Boakai, said:

“ArcelorMittal Liberia is one of Liberia’s largest private sector investors and a leading employer in the country. I welcome this Third Agreement to the concession agreement, which will unlock a major expansion of ArcelorMittal Liberia’s operations, with production increasing to 20 million metric tonnes and projected to grow to 30 million metric tonnes. The agreement will establish an independently operated railway from October 2030, which will strengthen efficiency, promote multi-user access, and deepen the overall impact of the concession on the national economy

“The agreement will provide a significant boost to Liberia’s economy through increased employment opportunities and enhanced growth in host communities. I believe this new agreement is clear testament to Liberia’s investor friendly climate and the Government’s unwavering commitment to creating an enabling environment for businesses to thrive.”

ArcelorMittal Executive Chairman, Lakshmi Mittal, said:

“This agreement represents a defining moment for both Liberia and ArcelorMittal. I must thank President Boakai and his administration for their commitment to this partnership which will reinforce Liberia’s role in Africa’s mining sector.

“Having recently inaugurated our state-of-the-art concentrator, the agreement further cements our long-term presence and commitment to Liberia. We are proud of the positive impact we have had on the country over the last twenty years and look forward to many more years of successful partnership and shared ambition to create sustainable growth and secure long-term benefits for Liberia’s economy and people." 

ArcelorMittal has made a significant impact on the development of Liberia’s economy over the past 20 years. It currently provides direct and indirect employment for approximately 8,000 people, is one of Liberia’s largest tax contributors and has made investments in a variety of housing, healthcare and education projects.

The amended agreement will deliver greater benefits for communities near ArcelorMittal’s operations and sets the stage for transformative economic growth in Liberia. Over the next 25 years and beyond, Liberia will see a substantial rise in royalties and tax revenues due to ArcelorMittal’s significant investment and expanded iron ore production. The quadrupling of output and exports in 2026 will drive Liberian GDP and deliver wide-ranging economic benefits, including creating new opportunities for local procurement and stimulating the growth of small and medium-sized businesses nationwide.

ENDS

About ArcelorMittal

ArcelorMittal is one of the world’s leading integrated steel and mining companies with a presence in 60 countries and primary steelmaking operations in 14 countries. It is the largest steel producer in Europe, among the largest in the Americas, and has a growing presence in Asia through its joint venture AM/NS India. ArcelorMittal sells its products to a diverse range of customers including the automotive, engineering, construction and machinery industries, and in 2024 generated revenues of $62.4 billion, produced 57.9 million metric tonnes of crude steel and 42.4 million tonnes of iron ore. Our purpose is to produce smarter steels for people and planet. Steels made using innovative processes which use less energy, emit significantly less carbon and reduce costs. Steels that are cleaner, stronger and reusable. Steels for the renewable energy infrastructure that will support societies as they transform through this century. With steel at our core, our inventive people and an entrepreneurial culture at heart, we will support the world in making that change.

ArcelorMittal is listed on the stock exchanges of New York (MT), Amsterdam (MT), Paris (MT), Luxembourg (MT) and on the Spanish stock exchanges of Barcelona, Bilbao, Madrid and Valencia (MTS).   

http://corporate.arcelormittal.com/  

ArcelorMittal Investor Relations contact informationGeneral +44 20 7543 1128 Retail +44 20 3214 2893 Bonds/Credit +33 171 921 026 Bonds/Credit +33 171 921 026  ArcelorMittal Corporate Communications contact informationPaul Weigh  Tel: +44 20 3214 2419 [email protected] 

NEW YORK, NEW YORK - NOVEMBER 30: Andy Jassy on stage at the 2022 New York Times DealBook on November 30, 2022 in New York City. (Photo by Thos Robinson/Getty Images for The New York Times)

Getty Images for The New York Times

Amazon announced another round of layoffs as part of what CEO Andy Jassy described as an ongoing cultural reset. Tens of thousands of roles have been eliminated over the past two years as the company restructures around cloud infrastructure, AI services, and operational efficiency. Many of these jobs were white collar developer roles. Earlier this week, Amazon also announced it would shutter its Amazon Go and Fresh stores, citing its failure to create a "truly distinctive customer experience with the right economic model."

Co-founder and Chief Executive Officer of Snap Inc Evan Spiegel wears the Spectacle Augmented Reality glasses during the inauguration of the group's French headquarters in Paris on May 19, 2025. (Photo by JOEL SAGET / AFP) (Photo by JOEL SAGET/AFP via Getty Images)

AFP via Getty Images

Snap is spinning out its Specs AR glasses business into a standalone entity, separating hardware development from its core social media operations. Clearly, Snap needs to get its misguided AR glasses adventure off its books before it does even more damage to its struggling stock. After its launch to developers last year at $99/month, Spectacles will soon be offered to the public, but this whole multi year effort is clearly DOA. After a decade of significant investment, Snap has lose the war with Google’s new Android XR, Meta’s AI smartglasses, and Apple’s coming wearable AI devices, before it’s even started. Snap’s portable but bulky location-based stand-alone XR glasses are going to have a hard time competing with breakthough products on the horizon.

BEIJING, CHINA - JANUARY 26: Apple logo shows new look with horse motif at an Apple store as the Year of the Horse approaches on January 26, 2026 in Beijing, China. (Photo by Song Jiaru/VCG via Getty Images)

VCG via Getty Images

Apple is developing an AI wearable, a small pin sized device roughly comparable to an AirTag, according to reporting from MacRumors and The Verge. The device is described as a circular aluminum and glass disc with microphones, cameras, a speaker, and a physical button, designed to work with a future LLM powered version of Siri. It would rely on wireless charging and offload compute to other Apple devices and the cloud. Internally, the project is still considered experimental, with no guarantee of release, though sources point to a possible 2027 launch window. Apple’s AI pin effort lands after a series of failed or underwhelming AI first hardware launches from startups, including Humane and Rabbit, and appears deliberately conservative by comparison. Rather than positioning the device as a phone replacement, Apple is framing it as an ambient companion, tightly integrated into its existing ecosystem of iPhone, Watch, and Vision Pro. The approach reflects Apple’s broader strategy of waiting for categories to break before entering them with vertically integrated hardware, silicon, and software.

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OpenAI is preparing its own consumer AI hardware debut, expected later this year, following the acquisition of ormer Apple design leader Jony Ive’s company for $6 billion. While details remain scarce, the effort is widely understood as an attempt to establish a new category of AI native devices built around conversation and perception rather than apps and screens. The convergence of Apple, OpenAI, and Google around AI hardware suggests that 2026 may mark the start of a new device cycle centered on continuous AI presence.

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Mighy Coconut

Walkabout Mini Golf developer Mighty Coconut cut roughly a quarter of its staff earlier this month, despite operating one of the most consistently successful titles on Quest. The studio also raised prices on new downloaded content courses, citing rising costs and platform pressures. If WMG, one of the most popular Quest titles, is cutting back, Meta’s VR efforts may be in worse shape than even its ugly closure of its owned studios suggest.

Debbie in BattleScar.

Nico Casavecchia, Martin Allais

French immersive studio Atlas V raised $6 million to diversify away from narrative VR toward free to play gaming and location based experiences. The studio has been responsible for some of the most popular and critically acclaimed titles in the Meta Quest store, including Spheres, Battlescar, Gloomy Eyes, Madrid Noir and Wallace and Gromit. Atlas V executives were explicit that premium narrative VR has failed to reach sufficient audience scale. The company plans to focus on experiences with clearer revenue models, including ticketed VR attractions and live installations.

This column has a companion, The AI/XR Podcast, hosted by its author, Charlie Fink, and Ted Schilowitz, former studio executive and futurist for Paramount and Fox, and Rony Abovitz, founder of Magic Leap. This week our guest is Ed Saatchi of Showrunner AI studio. We can be found on Spotify, iTunes, and YouTube.

January 30, 2026 02:50 ET  | Source: Lexicon Pharmaceuticals, Inc.

THE WOODLANDS, Texas, Jan. 30, 2026 (GLOBE NEWSWIRE) -- Lexicon Pharmaceuticals, Inc. (Nasdaq: LXRX) (“Lexicon”) today announced the pricing of its previously announced underwritten public offering of 32,000,000 shares of its common stock, par value $0.001. The shares of common stock being offered pursuant to the public offering are being offered at a public offering price of $1.30 per share. All of the shares are being offered by Lexicon. The gross proceeds from the public offering are expected to be $41.6 million, before deducting underwriting discounts and commissions and other offering expenses. The public offering is expected to close on or about February 2, 2026, subject to the satisfaction of customary closing conditions. In addition, Lexicon has granted the underwriters a 30-day option to purchase up to an additional 4,800,000 shares of common stock at the public offering price, less underwriting discounts and commissions.

In addition to the shares being sold in the underwritten public offering, Lexicon has agreed to sell, in a concurrent private placement for expected aggregate gross proceeds of approximately $41.1 million, (i) at a price of $1.30 per share of common stock, 22,400,000 shares of its common stock and (ii) at a price of $65.00 per share of series b convertible preferred stock (the “Series B Convertible Preferred Stock”), 184,366 shares of Series B Convertible Preferred Stock, which will be convertible into 9,218,290 shares of common stock, to an affiliate (the “Private Placement Purchaser”) of Invus, L.P., Lexicon’s largest stockholder, pursuant to its preemptive right under Lexicon’s Sixth Amended and Restated Certificate of Incorporation. The Private Placement Purchaser will also have the option, pursuant to such preemptive right, to purchase up to an additional 94,855 shares of Series B Convertible Preferred Stock, which will be convertible into 4,742,744 shares of common stock, at a price of $65.00 per share of Series B Convertible Preferred Stock, to the extent the underwriters exercise their option to purchase additional shares of common stock. In addition to its purchases pursuant to its preemptive right, the Private Placement Purchaser has also agreed to purchase an additional 182,779 shares of Series B Convertible Preferred Stock, which will be convertible into 9,138,966 shares of common stock, at a price of $65.00 per share of Series B Convertible Preferred Stock, for expected additional aggregate gross proceeds of approximately $11.9 million.

The securities being offered to the Private Placement Purchaser will not be registered under the Securities Act of 1933, as amended (the “Securities Act”). Such issuances are also scheduled to close on or about February 2, 2026, subject to the closing of the public offering and the satisfaction of certain other customary closing conditions. The closing of the underwritten public offering is not conditioned on the closing of the concurrent private placement.

Lexicon currently intends to use the net proceeds that it will receive from the proposed offering and the concurrent private placement (i) to fund the continued research and development of its drug candidates and (ii) for working capital and other general corporate purposes.

Jefferies and Piper Sandler are acting as joint book-running managers for the public offering. H.C. Wainwright & Co. is acting as lead manager for the public offering.

A shelf registration statement on Form S-3 relating to the public offering was filed with the U.S. Securities and Exchange Commission (“SEC”) on August 2, 2024 and declared effective by the SEC on August 15, 2024 (File No. 333-281208). The shares of common stock proposed to be issued in the concurrent private placement have not been registered under the Securities Act, or the securities laws of any state or other jurisdiction in the United States, and may not be offered, pledged, sold, delivered or otherwise transferred, directly or indirectly, in the United States except pursuant to registration under the Securities Act or an applicable exemption from the registration requirements of the Securities Act and, in each case, in compliance with other applicable securities laws. A preliminary prospectus supplement and accompanying prospectus relating to the public offering have been filed with the SEC and are available on the SEC’s website at www.sec.gov. A final prospectus supplement and accompanying prospectus will be filed with the SEC and will also be available on the SEC’s website at www.sec.gov. When available, copies of the final prospectus supplement and accompanying prospectus may also be obtained from Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, New York, NY 10022, by e-mail at [email protected] or by telephone at (877) 821-7388; or Piper Sandler & Co., Attention: Prospectus Department, 350 North 5th Street, Suite 1000, Minneapolis, MN 55401, by telephone at (800) 747-3924, or via email at [email protected].

This press release does not constitute an offer to sell, or the solicitation of an offer to buy, these securities, nor will there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale is not permitted.

About Lexicon Pharmaceuticals

Lexicon is a biopharmaceutical company with a mission of pioneering medicines that transform patients’ lives. Lexicon has a pipeline of drug candidates in discovery and clinical and preclinical development in neuropathic pain, hypertrophic cardiomyopathy (HCM), obesity, metabolism and other indications.

Safe Harbor Statement

This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements, including, without limitation, statements about the completion and timing of the offering, the use of proceeds from the offering and the grant of the option to the underwriters and the private placement purchaser to purchase additional shares, are based on management’s current assumptions and expectations and involve risks, uncertainties and other important factors, specifically including Lexicon’s ability to meet its capital requirements, obtain patent protection for its discoveries and establish strategic alliances, as well as additional factors relating to manufacturing, intellectual property rights, and the therapeutic or commercial value of its drug candidates. Any of these risks, uncertainties and other factors may cause Lexicon’s actual results to be materially different from any future results expressed or implied by such forward-looking statements. Information identifying such important factors is contained under “Risk Factors” in Lexicon’s Annual Report on Form 10-K for the year ended December 31, 2024, and our subsequently filed Quarterly Reports on Form 10-Q for the quarter ended March 31, 2025, the quarter ended June 30, 2025 and the quarter ended September 30, 2025 and other subsequent disclosure documents filed with the SEC. Lexicon undertakes no obligation to update or revise any such forward-looking statements, whether as a result of new information, future events or otherwise.

For Investor and Media Inquiries:
Lisa DeFrancesco
Lexicon Pharmaceuticals, Inc.
[email protected]

Registration Statement

Lexicon has filed a registration statement (including a prospectus) with the SEC for the equity offering to which this communication relates. Before you invest, you should read the preliminary prospectus supplement and the accompanying prospectus in that registration statement and other documents Lexicon has filed with the SEC for more complete information about Lexicon and the equity offering. You may get these documents for free by visiting EDGAR on the SEC’s website at www.sec.gov. Copies of the preliminary prospectus supplement and accompanying prospectus may also be obtained from Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, New York, NY 10022, by e-mail at [email protected] or by telephone at (877) 821-7388; or Piper Sandler & Co., Attention: Prospectus Department, 350 North 5th Street, Suite 1000, Minneapolis, MN 55401, by telephone at (800) 747-3924, or via email at [email protected].

Q2: 2026-01-29 Earnings SummaryEPS of $6.20 beats by $2.66

 |

Revenue of

$3.03B

(61.25% Y/Y)

beats by $337.01M

Sandisk Corporation (SNDK) Q2 2026 Earnings Call January 29, 2026 4:30 PM EST

Company Participants

Ivan Donaldson - Vice President of Investor Relations
David V. Goeckeler - Chairman & CEO
Luis Visoso - Executive VP & CFO

Conference Call Participants

Mark Newman - Bernstein Institutional Services LLC, Research Division
Joseph Moore - Morgan Stanley, Research Division
Christopher Muse - Cantor Fitzgerald & Co., Research Division
James Schneider - Goldman Sachs Group, Inc., Research Division
Mehdi Hosseini - Susquehanna Financial Group, LLLP, Research Division
Ruplu Bhattacharya - BofA Securities, Research Division
Vijay Rakesh - Mizuho Securities USA LLC, Research Division
Karl Ackerman - BNP Paribas, Research Division
Michael Tsvetanov - Wells Fargo Securities, LLC, Research Division
Asiya Merchant - Citigroup Inc., Research Division
Matthew Pan - Barclays Bank PLC, Research Division
Blayne Curtis - Jefferies LLC, Research Division

Presentation

Operator

Good day, and welcome to the Sandisk Second Quarter Fiscal 2026 Earnings Call. [Operator Instructions] Please note, this event is being recorded. I would now like to turn the conference over to Ivan Donaldson, Head of Investor Relations. Please go ahead.

Ivan Donaldson
Vice President of Investor Relations

Before we begin, please note that today's discussion will contain forward-looking statements based on management's current assumptions and expectations, which are subject to various risks and uncertainties. These forward-looking statements include expectations for our technology and product portfolio, our business plans and performance, market trends and opportunities and our future financial results.

We assume no obligation to update these statements. Please refer to our annual report on Form 10-K and our other filings with the SEC for more information on the risks and uncertainties that could cause actual results to differ materially from expectations.

We will also make references to non-GAAP financial measures today. Reconciliations between the non-GAAP and comparable GAAP financial measures are included in written materials posted in the Investor Relations section of

Union Jack Oil PLC (AIM:UJO, OTCQB:UJOGF, FRA:1UJ0) on Friday gave investors a project update, across both its UK and US portfolio, and highlighted that a programme focussed on costs and efficiencies is expected to deliver improved net cash flow.

In the UK, the company said its Wressle field in Lincolnshire remains one of the most productive conventional oilfields in the country. Average gross production during January 2026 was about 267 barrels of oil per day (on full production days, the range is between 267 and 339 bopd).

Union Jack said site upgrades and facility improvements at Wressle are continuing. It said the work is aimed at improving efficiency, optimising production and eliminating routine flaring. It also referenced 2P reserves of over 2.3 million barrels of oil equivalent, based on ERCE’s competent persons report published in December 2023. The joint venture is awaiting regulatory approvals for planning and permit applications for the next phase of development.

At the Keddington Oilfield, in Lincolnshire, where Union Jack holds a 55% interest, the company said a major upgrade during 2025 enabled the site to return online in June, and since then more than 5,000 barrels of oil have been produced and sold. Current gross production during January is about 36 bopd, the firm noted. Union Jack also noted that planning permission is in place to drill two further wells.

At West Newton, also onshore UK, where past drilling programmes have yielded hydrocarbon discoveries, it cited an independent resource assessment by RPC indicating a contingent resource of 198.00 billion cubic feet of gas. Union Jack also said its technical team has identified additional targets indicating prospective gas resources in an untested formation. The operator, Rathlin Energy, has a 2026 work programme planned, subject to receipt of regulatory consents.

In the US, meanwhile, Union Jack highlighted that since late 2023 it has acquired ownership interests in drilling, development and production projects in Oklahoma. It has formed a drilling partnership with Reach Oil and Gas and built a mineral royalty portfolio in the Permian Basin, Bakken Shale and Eagle Ford Shale.

Today, Union Jack said its Oklahoma activities with Reach remain cash flow positive, and that's expected to persist even through the low oil price scenarios that the sector is experiencing.

At Moccasin 1-13, where Union Jack has a 45% interest, the company said the well encountered hydrocarbons in three zones. The 1st Wilcox Sand was perforated and production was established last February. Union Jack said the well has produced about 18,000 barrels and is currently producing around 50 bopd. It said the Red Fork and Bartlesville sands remain “behind pipe” for potential perforation at a later date. Union Jack also said it has purchased 3D seismic over the prospect area and mapping is underway.

Union Jack said the Crossroads well is now scheduled to be drilled in Q1 2026 following regulatory delays. It described Crossroads as a structural prospect mapped from 3D seismic. The main objective is oil in the middle Ordovician Oil Creek Sand. Union Jack cited a potential of up to 1.80 million barrels of oil and a success case NPV10% of US$11.00 million based on a US$60 per barrel oil price.

At Taylor 1-16, Union Jack said the Cromwell formation was perforated and returned oil that has been sold to the market. It said a nitrogen foam treatment is scheduled in Q1 to enhance production. Union Jack described nitrogen foam as a stimulation technique used in sandstone reservoirs that combines liquid nitrogen with a small volume of water and surfactant to create a stable foam that carries proppant into induced fractures.

At Andrews Field, comprising the Andrews 1-17 and 2-17 wells, Union Jack said production is in excess of 100 thousand cubic feet of gas per day plus a small amount of oil sold to market. It said cumulative production is over 100 million cubic feet of gas and more than 10,000 barrels of oil.

Executive chairman David Bramhill said the Oklahoma portfolio "holds serious upside potential" and that management looks forward with positive anticipation to upcoming results at the Taylor and Crossroads properties.

"In light of the current oil price environment, a programme focused on costs and efficiencies is being implemented that is expected to improve net cash flow at the corporate level going forward," Bramhill highlighted.

He added: "The potential revenues from an expansion at Wressle and a development at West Newton are expected to be material to the Company.  I have no doubt that the current attitude towards fossil fuels will change for the better in the UK and it is a waiting game for the significant commercial and strategic costs of the energy transition to become evident compared to the many merits of maintaining and encouraging domestic oil and gas production."

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The crypto market crash wipes out over $240 billion, with the total market cap tumbling from $3.04 trillion to $2.80 trillion. Massive liquidations across Bitcoin (BTC), Ethereum (ETH), XRP, BNB, Solana (SOL), HYPE, and other altcoins, including GOLD and SILVER perpetuals erase all recent gains.

Bitcoin price breaks multiple key support levels and plunges more than 7% to $81,087 lows today. On the other hand, ETH price fell 8% to a 24-hour low of $2,689. The Crypto Fear & Greed Index hit “extreme fear” levels of 16, echoing past deleveraging events.

Meanwhile, top altcoins XRP, BNB, SOL, DOGE, Cardano (ADA), and HYPE fell 6-10% over the past 24 hours. AI coins led the crypto market crash, with Worldcoin (WLD) price tanking more than 13%.

Reasons Behind Bitcoin, Gold, Crypto Market Crash Earlier this week, CoinGape alerted about Bitcoin price crash to $81k. Multiple factors, including falling stablecoin liquidity, US Fed hawkish outlook, macro stress, geopolitical tensions, spot ETF outflows, and crypto options expiry, have resulted in a massive crypto market crash.

However, this isn’t isolated to the crypto market and appears to be a broader global market crash, with assets like stocks, gold, and silver, as well as leveraged positions, getting hit hard.

BREAKING: Gold futures fall -$300/oz in 2 hours and officially drop back below $5,200/oz.

Volatility in gold markets is at 2008 levels. pic.twitter.com/vK48mGChmR

— The Kobeissi Letter (@KobeissiLetter) January 30, 2026

Gold, silver, copper, and other metals all fell sharply as investors locked in profits after a strong rally to record highs. The geopolitical tensions related to Iran become intense as reports claim President Donald Trump is weighing new military options for Iran, including raids inside the country.

President Donald Trump said on Thursday he planned nuclear talks with Iran, even as the U.S. dispatched another warship to the Middle East. Meanwhile, Iranian authorities say they are preparing for a war amid the US pressures.

Trump to Nominate Kevin Warsh as US Fed Chair Moreover, investors are likely disappointed as Trump prepares to nominate former Fed Governor Kevin Warsh as the next Federal Reserve chair, Bloomberg reported on January 30.

Earlier, President Trump said he would announce the new Federal Reserve Chair “tomorrow morning.” Odds for Bitcoin-friendly Kevin Warsh becoming the next Fed chair spiked to 88% on Polymarket.

Odds of Kevin Warsh as Next Fed Chair. Polymarket However, some have criticized Trump’s pick as Walsh urged for short-term rate cuts but tighter liquidity. This is bad for crypto that rises on Fed expansion, causing a crypto market crash.

Massive Liquidations Ahead of $10 Billion in Bitcoin and ETH Options Expiry CoinGlass data shows almost $2 billion liquidated from leading crypto assets in 2 days. More than 267K traders were liquidated in the last 24 hours, with the largest single liquidation order of BTC-USDT of $80.57 million happening on HTX.

In the past 24 hours, almost $1.7 billion in long and more than $200 million in short positions were liquidated. Notably, $766 million in long positions were liquidated in just an hour, turning the market sentiment bearish.

BTC, ETH, XRP, SOL, XYZ: SILVER, XYZ: GOLD perpetual, HYPE, XAU, DOGE, SUI, ZEC, and ADA were the most liquidated in the past 24 hours.

Crypto Liquidations Per Hour. Source: Coinglass As CoinGape reported, crypto market selloffs have deepened BTC is consolidating with muted trading volumes and options traders leaning bearish. Notably, long-term Bitcoin holders and whales continue to liquidate their holdings.

BTC options with a notional value of $7.5 billion to expire today, with a put-call ratio of 0.50. The max pain price is at $90,000, with many options traders having already liquidated their positions.

Moreover, ETH options worth $1.2 billion to expire on Deribit, with a put-call ratio of 0.70. The max pain price is at $3,000, with traders adjusting their positions as per current market conditions.

Spot Bitcoin ETF Outflows Signal Deeper Crypto Market Crash Outflows from spot Bitcoin ETFs continue after the FED held interest rates unchanged and turned hawkish. In the last 9 trading days, spot BTC ETFs have recorded more than $2.5 billion in net outflows. The massive money outflows have triggered a crypto market crash.

Bitcoin ETFs saw a net outflow of $817.8 million on Thursday. BlackRock Bitcoin ETF (IBIT) led with $317.8 million in outflows. Spot Bitcoin ETFs by Fidelity, Bitwise, Ark 21Shares, and Grayscale also recorded outflows.

Bitcoin ETFs Net Outflow. Source: Farside Investors Meanwhile, analyst Ali Martinez has predicted $75,804 as the next level to watch as institutional investors continue to sell BTC. Bitcoin has just lost the 2-year moving average for the first time since 2022. “We’ve also lost the November 2025 lows, and are 7% away from losing the 2025 yearly low,” said analyst Joe Consorti.

Bitcoin Losses 2-Year Moving Average. Source: Joe Consorti