Market Signal Briefing

Cover image via www.freepik.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

About 48 hours after confirming its first golden cross of 2026, XRP has posted a reversal, with a death cross emerging on the technical chart. This has triggered a more than 3.95% price drop in the value of the coin within the last 24 hours.

XRP death cross appears despite rising trading volumeCoinMarketCap data shows that although XRP’s trading volume is in the green, the technical chart shows a death cross. 

This signal has created massive selling pressure. Notably, a death cross occurs when a short-term moving average crosses below a longer-term average.

XRP Price Chart | Source: TradingView/CMCXRP’s death cross places the coin within a tight range of $1.97 and $2.06. This suggests that XRP might struggle to break above this range in the short term, except a bullish catalyst triggers a change.

As of press time, it is changing hands at $1.97, which represents a 3.85% decline in the last 24 hours. The coin plunged from a daily high of $2.06 to a low of $1.91 before its slight climb to the current level.

This uptick might have been supported by the high trading volume. Within the same time frame, XRP’s volume has increased by 167.34% to $3.68 billion.

Liquidation imbalance wipes out XRP tradersXRP has left investors in confusion as, in the last 24 hours, it printed an 8,700% liquidation imbalance, with long position traders wiped out near $2 billion. 

You Might Also Like

With XRP slipping below $2 once again, even short-position traders are not spared the bleeding.

The current development has nullified that 12% spike in open interest registered by XRP over the weekend. 

XRP traders had committed $1.4 billion on the future price outlook. Despite this bullish anticipation, the emergence of a death cross has nullified all bets on the asset.

In addition to price fluctuations, there are concerns over regulatory clarity, which has affected investors‘ sentiment. Although XRP’s nonsecurity status is not in contention, institutional adoption for the long term remains a concern.

Heineken N.V. reports the progress of transactions under its current share buyback programme

Amsterdam, 19 January 2026 - Heineken N.V. (EURONEXT: HEIA; OTCQX: HEINY) hereby reports transaction details related to the first €750 million tranche of its €1.5 billion share buyback programme as communicated on 12 February 2025.

From 12 January 2026 up to and including 16 January 2026 a total of 124,190 shares were repurchased on exchange at an average price of € 67.28. During the same period, 159,495 shares were repurchased from Heineken Holding N.V.

Up to and including 16 January 2026, a total of 10,571,989 shares were repurchased under the share buyback programme for a total consideration of € 749,974,106 (including shares repurchased from Heineken Holding N.V.).

Heineken N.V. publishes on a weekly basis, every Monday, an overview of the progress of the share buyback programme on its website: https://www.theheinekencompany.com/investors/share-information/share-buyback-programme

Enquiries

Media InvestorsChristiaan Prins Tristan van StrienDirector of Global Communication Global Director of Investor RelationsMarlie Paauw Lennart Scholtus / Chris SteynGlobal Media Lead Investor Relations Manager / Senior AnalystE-mail: [email protected] E-mail: [email protected] Tel: +31-20-5239355 Tel: +31-20-5239590 Regulatory information
This press release is issued in connection with the disclosure and reporting obligations as set out in Article 5(1)(b) Regulation (EU) 596/2014 and Article 2(2) of the Commission Delegated Regulation (EU) 2016/1052 that contains technical standards for buyback programs.

Editorial information:
HEINEKEN is the world's pioneering beer company. It is the leading developer and marketer of premium and non-alcoholic beer and cider brands. Led by the Heineken® brand, the Group has a portfolio of more than 340 international, regional, local and specialty beers and ciders. With HEINEKEN’s over 85,000 employees, we brew the joy of true togetherness to inspire a better world. Our dream is to shape the future of beer and beyond to win the hearts of consumers. We are committed to innovation, long-term brand investment, disciplined sales execution and focused cost management. Through "Brew a Better World", sustainability is embedded in the business. HEINEKEN has a well-balanced geographic footprint with leadership positions in both developed and developing markets. We operate breweries, malteries, cider plants and other production facilities in more than 70 countries. Most recent information is available on our Company's website and follow us on LinkedIn and Instagram.

HNV_SBB 2025_Weekly update_19-Jan-2026

OKOTOKS, Alberta, Jan. 19, 2026 (GLOBE NEWSWIRE) -- (TSX: MTL) Mullen Group Ltd. ("Mullen Group", "We", "Our" and/or the "Corporation") announced today its plan for 2026 has been approved by the Board of Directors.

Gold hedge completed effective January 15, 2026Company now selling 100% of production at near spot gold pricesProposed Normal Course Issuer Bid
TORONTO, Jan. 19, 2026 (GLOBE NEWSWIRE) -- Cerrado Gold Inc. [TSX.V:CERT][OTCQX:CRDOF; FRA:BAI0] ("Cerrado" or the "Company") announces that it has concluded its gold hedging program that contained a ceiling of $3,250/oz on a portion of its gold sales (see news release dated May 29, 2025), delivering the final ounces required under the contract in a January 15, 2026 shipment from its Minera Don Nicolas operations in Santa Cruz Argentina. Going forward, the Company will sell gold at near-spot prices, less adjustments for applicable gold streaming agreements.

The Company is also pleased to announce a proposed normal course issuer bid ("NCIB") to purchase issued and outstanding common shares for cancellation. In the opinion of management and the board of directors of the Company (the "Board"), the Company's common shares continue to trade in a price range that represents a substantial discount to the underlying value of the Company's assets.

"Using Cerrado's excess liquidity in light of strong gold prices, to buy back common shares at their current trading prices, would be highly accretive to our net asset value per share," stated Mark Brennan, Chairman & Chief Executive Officer of the Company. "Accordingly, the proposed purchase for cancellation of shares by Cerrado will benefit shareholders by increasing their proportionate ownership in the Company."

Cerrado has submitted a notice of intention to undertake the NCIB to the TSX Venture Exchange ("TSXV") in connection with the purchase by the Company of up to 6,794,790 of its common shares, representing approximately 5% of the Company's 135,895,819 issued and outstanding common shares as of January 16, 2026. The NCIB will be made on the open market through the facilities of the TSXV and alternative trading systems in accordance with applicable rules, regulations, and policies. The actual number of common shares which may be purchased, and the timing of such purchases, will be determined by the Company. Decisions regarding purchases will be based on market conditions, share price, best use of available cash, and other factors as determined by the Board and management from time to time.

Mr. Brennan commented: "I am pleased to say that we have concluded the gold hedging program. This program was implemented to support the Company as it completed several key investments, including the ramping up of the underground mine at MDN and advancing the Lagoa Salgada and Mont Sorcier Projects, while improving our overall balance sheet. We can now sell our gold production at unhedged near-spot gold prices, improving profitability and free cash flow."

He continued: "We are also pleased that current gold production rates and current gold prices position the Company to recommence the proposed NCIB using excess cash from gold sold above our budgeted gold price without impacting current growth plans and leaving a strong cash balance at 2026 year end. This is an important step to return capital to shareholders as the Company continues to grow and also take advantage of higher gold prices."

About Cerrado

Cerrado Gold is a Toronto-based gold production, development, and exploration company. The Company is the 100% owner of the producing Minera Don Nicolás and Las Calandrias mine in Santa Cruz province, Argentina. In Portugal, the Company holds an 80% interest in the highly prospective Lagoa Salgada VMS project through its position in Redcorp - Empreendimentos Mineiros, Lda. In Canada, Cerrado Gold is developing its 100% owned Mont Sorcier Iron project located outside of Chibougamau, Quebec.

In Argentina, Cerrado is maximizing asset value at its Minera Don Nicolas operation through continued operational optimization and is growing production through its operations at the Las Calandrias heap leach project. An extensive campaign of exploration is ongoing to further unlock potential resources in our highly prospective land package in the heart of the Deseado Masiff.

In Portugal, Cerrado focused on the exploration and development of the highly prospective Lagoa Salgada VMS project located on the prolific Iberian Pyrite Belt in Portugal. The Lagoa Salgada project is a high-grade polymetallic project, demonstrating a typical mineralization endowment of zinc, copper, lead, tin, silver, and gold. Extensive exploration upside potential lies both near deposit and at prospective step-out targets across the large 7,209-hectare property concession. Located just 80km from Lisbon and surrounded by exceptional infrastructure, Lagoa Salgada offers a low-cost entry to a significant exploration and development opportunity, already showing its mineable scale and cashflow generation potential.

In Canada, Cerrado is developing its 100% owned Mont Sorcier high-purity, high-grade, Direct Reduced Iron project, located on the traditional Cree territory of Eeyou Istchee James Bay in the municipality of Chibougamau. The Mont Sorcier high purity high grade DRI Iron project, which has the potential to produce a premium iron concentrate over a long mine life at low operating costs and low capital intensity. Furthermore, its high grade and high purity product facilitates the migration of steel producers from blast furnaces to electric arc furnaces, contributing to the decarbonization of the industry and the achievement of sustainable development goals.

For more information about Cerrado please visit our website at: www.cerradogold.com.

Mark Brennan
CEO and Chairman

Mike McAllister
Vice President, Investor Relations
Tel: +1-647-805-5662
[email protected]

Disclaimer

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.

This press release contains statements that constitute "forward-looking information" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements.

Forward-looking statements contained in this press release include, without limitation, statements regarding the business and operations of Cerrado, anticipated continued improvements in operating results, working capital position and deleveraging of the balance sheet, future production and grade estimates, future cashflows, assumptions regarding the value of the Company’s underlying assets and the expectation that the NCIB will be accretive to shareholders, the current and future spot price of gold, the Company’s budgeted sale price of gold. In making the forward- looking statements contained in this press release, Cerrado has made certain assumptions. Although Cerrado believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurance that the expectations of any forward-looking statements will prove to be correct. Known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to general business, economic, competitive, political and social uncertainties. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this press release. Except as required by law, Cerrado disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise.

Vancouver, British Columbia--(Newsfile Corp. - January 19, 2026) - K2 Gold Corporation (TSXV: KTO) (OTCQB: KTGDF) (FSE: 23K) ("K2" or the "Company") today announced its plan to commence drilling at the Company's Si2 Project, located near Tonopah, Nevada, on or about January 21, 2026.

The drill program will test a series of high-priority structural and geochemical targets generated through comprehensive geological studies completed in 2025, along with recently acquired geophysical information, including fluid-inclusion analysis, alteration mineralogy, age dating, an integrated structural interpretation, and IP survey. These studies collectively indicate that Si2 represents the upper levels of a large, intact low-sulphidation epithermal system proven to carry gold, with strong potential for higher-grade gold mineralization preserved at depth (see Figures 1 & 2).

Highlights

The drill program is fully funded and will consist of up to 2000 metres over 4-6 drill holes. Drilling is expected to commence on January 21, 2026.

In 2023 K2 drilled 4 holes at the Si2 Project. Drilling demonstrated increasing gold values with depth; however, the holes were terminated in anomalous but sub-economic gold grades. Subsequent alteration and fluid inclusion studies indicate that the 2023 drill holes were within 50-100 meters of the interpreted boiling zone of the epithermal system.

The 2026 program will test priority structural corridors at greater depths, targeting the interpreted optimal boiling-zone horizon of the epithermal system.

Geological characteristics observed at Si2 are considered analogous to AngloGold Ashanti's nearby 16.3Moz Au Silicon Project[i] which has emerged as one of the most significant new epithermal gold discoveries in the Walker Lane Trend.

"Based on new results and interpretations, Si2 is now a highly compelling project, from a technical perspective," stated Anthony Margarit, President & CEO of K2 Gold. "The fluid-inclusion work was a true turning point - it told us unequivocally that the system is intact, preserved, and that K2's 2023 drilling came close, but was not deep enough to test the boiling zone - the critical horizon where significant amounts of gold can be deposited in similar systems. When you combine that with our newly completed alteration studies, age dating, geophysical information and the striking similarities to AngloGold Ashanti's Silicon discovery, we believe we are about to drill one of the most exciting new epithermal targets in the Walker Lane."

Figure 1: K2's 2023 drill holes with fluid inclusion sample locations. Both temperature and gold grade increase with depth, with the projected "boiling zone" occurring beneath the sampled interval.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6578/280776_b02767b244628a3b_002full.jpg

Compelling Analogue to AngloGold Ashanti's Silicon Project

The Si2 Project shares multiple geological and structural characteristics with AngloGold Ashanti's Silicon Project (renamed the Arthur Gold Project) [ii]:

Volcanic-hosted, low-sulphidation epithermal systems in Nevada - both located within a highly endowed gold belt that favours structurally controlled deposits.

Steam-heated alteration "cap" at surface - a classic upper-level feature that can mask stronger gold zones at depth in intact epithermal systems.

Fault-controlled plumbing systems - mineralizing fluids in both districts are focused along major structures that control higher-grade targets.

Zoned epithermal architecture - alteration patterns at Si2 are consistent with being above the productive gold horizon, similar to early-stage interpretations at Arthur.

Depth as the primary opportunity - both systems rely on drilling beneath shallow, surficial alteration to test the projected boiling zone where grades commonly improve.

Program Overview

The drill program will comprise 4-6 reverse circulation holes totaling up to 2,000 metres, designed to systematically test the interpreted boiling-zone horizon at depth along the highest-priority structures defined by the Company's integrated geological model.

Figure 2: Idealized model of an epithermal gold system, with the areas of alteration intersected by historical operator (red box) and K2 in 2023 (blue box) indicated. Modified after Hedenquist et al., 2000.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6578/280776_k2fig02.jpg

Technical Summary

Epithermal Deposits

Epithermal systems are a major deposit class globally, with many important examples located within the Walker Lane Trend of Nevada and eastern California in the western United States. Epithermal deposits have historically been important sources of gold and silver due to their near-surface, structurally controlled mineralization. When preserved and not deeply eroded these systems can host blind-to-surface, vertically zoned mineralization which may have been historically overlooked. Defining and understanding this zonation, including locating the "boiling zone" where precious metals precipitate, can reveal high-priority exploration targets.

Gold Deposition in Epithermal Systems

Precious metal deposition in epithermal systems typically occurs in what is known as the "boiling zone", a depth at which hot, metal-rich fluids rising towards the surface begin to boil due to dropping pressure. Fluid boiling results in the precipitation of the metals previously held in solution, forming high-grade veins and breccias. Boiling in typical low sulphidation epithermal gold systems occurs at temperatures of >220°C, and most commonly between 230 and 240°C.

Fluid Inclusion Analysis and Microscopic Study

Through study of trapped inclusions or bubbles of hydrothermal fluid within quartz veins, the temperature of the fluid can be determined, and depth of formation of the vein inferred. Vein formation temperatures can aid in exploration targeting by revealing the level of the epithermal system encountered by drilling.

Fluid inclusions examined from six core samples reveal low-salinity (0.5-6 wt.% NaCl equiv.) aqueous fluids trapped at temperatures of ~130-200°C, warming downwards through the core of the drilled interval. These characteristics, along with microscopically observed vein textures, confirm the shallow-level nature of the drilled interval and support the interpretation of a blind, deeper gold-bearing zone. No evidence of significant boiling was observed in the inclusions, suggesting that the productive zone lies below the depth tested.

Alteration Mineralogy & Structural Controls:

The alteration study, based on 108 spectral analyses from 95 drill core samples, delineates a classic vertically zoned epithermal system, with a systematic transition from steam-heated alunite and kaolinite/dickite at surface into progressively higher-temperature assemblages (smectite → illite-smectite → illite → illite-chlorite). Variations in illite abundance and locations of quartz-illite ± adularia alteration suggest proximity to primary fluid pathways and fault-controlled mineralization.

The AOI1.5 fault in particular hosts an approximately 6 m thick silicified and quartz-veined interval at 200m depth with adjacent anomalous gold, indicating a strong target for follow-up drilling down-dip and along strike.

Qualified Person ("QP") and QA/QC

The technical information in this news release has been prepared in accordance with Canadian regulatory requirements set out in NI 43-101 and reviewed and approved by Eric Buitenhuis, M.Sc., P.Geo., K2's QP and Vice President of Exploration.

Petrographic sections used in the fluid inclusion study were prepared by Precision Petrographics of Langley, British Columbia, and submitted to Colorado State University for analysis.

About K2 Gold Corporation

K2 Gold is a member of Discovery Group and is focused on advancing gold exploration projects in mining-friendly jurisdictions across the Western U.S. and Canada. The Company's flagship Mojave Project covers over 6,000 hectares and includes multiple previously drilled oxide gold targets. Since acquiring the project, K2 has advanced exploration through geochemical, geophysical, and remote sensing surveys, as well as RC drilling.

Notable past drill highlights at Mojave include:

4.0 g/t Au over 86.9m from surface at the Dragonfly Zone1.69 g/t Au over 41.15m at the Newmont ZoneK2 also holds:

The Si2 Gold Project in Nevada, a large steam-heated alteration system with confirmed gold mineralization and compelling similarities to AngloGold Ashanti's Expanded Silicon project (3.40 Moz Au at 0.87 g/t Au Indicated Resource, 12.91 Moz Au at 1.03 g/t Au Inferred Resource1. The Wels Project in Yukon, Canada, where recent drilling intersected gold in all holes and outlined a new mineralized corridor at the Saddle South target.https://reports.anglogoldashanti.com/24/wp-content/uploads/2025/03/AGA-RR24.pdfK2 Gold is committed to responsible exploration, Indigenous and community engagement, and advancing high-quality projects through a collaborative and technically disciplined approach.

K2 Gold Corporation is a proud member of Discovery Group based in Vancouver, Canada. For more information please visit: discoverygroup.ca.

Cautionary Statement on Forward-Looking Statements

This news release contains forward-looking statements that are not historical facts. Forward- looking statements involve risks, uncertainties and other factors that could cause actual results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking statements, including statements regarding the exploration program at Si2, Wels, and Mojave, including results of drilling, and future exploration plans at Si2, Wels, and Mojave. Factors that could cause actual results to differ materially from these forward-looking statements include, but are not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located, the Company's inability to obtain any necessary permits, consents or authorizations required for its planned activities, and the Company's inability to raise the necessary capital or to be fully able to implement its business strategies. The reader is referred to the Company's public disclosure record which is available on SEDAR+ (sedarplus.ca). Although the Company believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Except as required by securities laws and the policies of the TSX Venture Exchange, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

This news release does not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. No securities of the Company have been or will, in the foreseeable future, be registered under the United States Securities Act of 1933 (the "1933 Act") or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.

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

[i] Triple Flag Precious Metals, Expanded Silicon - 1% NSR Gold Royalty Acquisition (Investor Presentation, Apr. 22, 2025), p. 6 (16.3 Moz total resource; cites AngloGold Ashanti MRMR 2024).

Link: https://s29.q4cdn.com/841442677/files/doc_presentations/2025/Apr/TFPM-to-Acquire-Orogen-Royalties-Presentation-04-22-25.pdf

[ii]AngloGold Ashanti renames Expanded Silicon Project The Arthur Gold Project

Link: https://www.anglogoldashanti.com/portfolio/americas/united-states-projects/

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/280776

Source: K2 Gold Corporation

Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.

Contact Us

Toronto, Ontario--(Newsfile Corp. - January 19, 2026) - Geiger Energy Corp. (TSXV: BEEP) (OTCQB: BSENF) ("Geiger") or the ("Company") today issued a letter to shareholders from its President and Chief Executive Officer, Dr. Rebecca Hunter.

Dear Shareholders,

As we gear up for our 2026 exploration programs, I am excited to share our vision for Geiger Energy and the opportunities ahead.

Our focus is clear: disciplined, high-impact exploration on projects with the potential to deliver significant discoveries. We enter this year positioned to capitalize on our two flagship assets, the Hook and Aberdeen projects, both of which host known mineralization and substantial upside potential. Our strategy is simple, select the best targets, execute technically, and allocate capital to maximize results.

2026 Exploration Outlook

Hook Project, Athabasca Basin

We are preparing a 2,000 m drill program starting in middle February, largely targeting high-priority zones outside the main ACKIO discovery. The initial focus will be the TT area, where 2024 drilling identified strong clay alteration, anomalous geochemistry, and elevated uranium. Follow-up drilling will test down-dip extensions to explore potential deeper mineralized systems. Additional targets, including the TAB area, will be advanced, leveraging numerous surficial geochemical anomalies across the property. Every metre drilled is aimed at uncovering new zones with real growth potential.

Aberdeen Project, Thelon Basin, Nunavut

For this summer, we are planning a 10,000 m drill program, building on the first confirmed intersection of unconformity-style uranium at the Loki target. Preparations are underway for logistics, including fixed-wing cargo flights and overland hauling of equipment. Drilling will focus on follow-up at Loki and major gravity anomalies along the Thelon Fault, targeting additional sandstone-basement unconformity settings. Early 2025 results at Bjorn, Lobster, and Tarzan continue to indicate multiple high-potential systems, and geochemical data will be released as received.

Capital Discipline and Execution

Geiger Energy enters 2026 with sufficient capital to execute the near-term drilling at Hook and logistical preparations for the Aberdeen Project efficiently. We remain focused on maximizing technical outcomes per dollar invested and evaluating funding opportunities carefully to minimize shareholder dilution. Our approach is disciplined, results-driven, and always aligned with long-term value creation.

Defining Success in 2026

Success for Geiger Energy will be measured by discovery potential realized through disciplined exploration in expanding mineralized zones at Hook, refining unconformity targets at Aberdeen, and generating results that materially increase the understanding of these world-class systems. While exploration inherently carries risk, our programs target the highest-potential opportunities to create meaningful shareholder value.

We are energized by the path ahead. With a clear strategy, strong technical execution, and a focus on high-impact projects, 2026 presents an exciting opportunity to unlock the next major uranium discovery in the Thelon Basin.

Thank you for your continued support and confidence in Geiger Energy's growth journey - and I encourage each of our shareholders to contact me directly to discuss our path forward.

Sincerely,

Rebecca Hunter
President & Chief Executive Officer
Geiger Energy Corp.

About Geiger

Geiger is a uranium exploration company executing on a dual basin strategy focused on discovering high-grade uranium deposits on its two flagship assets within the Athabasca and Thelon basins. In the Athabasca Basin, Saskatchewan, Geiger is exploring its Hook Project, which hosts the ACKIO near-surface uranium prospect. In the Thelon Basin, Nunavut, Geiger is advancing is Aberdeen Project, which hosts the high-grade Tatiggaq and Qavvik uranium discoveries. The Hook and Aberdeen projects have expandability potential within the discovery footprints, as well as host numerous additional targets outboard of the prospect areas, highlighting significant potential for expansion and new discoveries.

Qualified Person Statement

The technical information contained in this news release has been reviewed and approved by Rebecca Hunter, P.Geo, President & CEO of Geiger Energy Corp., a Qualified ‎Person, as defined in "National Instrument 43-101, Standards of Disclosure for Mineral Projects." ‎

For More Information

"Rebecca Hunter"

Cautionary Statement

Certain information in this news release is considered forward-looking within the meaning of certain securities laws and is subject to important risks, uncertainties and assumptions. This forward-looking information includes, among other things, information with respect to Geiger's beliefs, plans, expectations, anticipations, estimates and intentions. The words "may", "could", "should", "would", "suspect", "outlook", "believe", "anticipate", "estimate", "expect", "intend", "plan", "target" and similar words and expressions are used to identify forward-looking information. The forward-looking information in this news release describes Geiger's expectations as of the date of this news release.

The results or events anticipated or predicted in such forward-looking information may differ materially from actual results or events. Material factors which could cause actual results or events to differ materially from such forward-looking information include, among others, risks arising from general economic conditions; adverse industry events; inability to realize anticipated synergies; future legislative and regulatory developments; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; income tax and regulatory matters; the ability of Geiger to implement its business strategies; competition; currency and interest rate fluctuations and other risks. Readers are cautioned that the foregoing list is not exhaustive.

Geiger cautions that the foregoing list of material factors is not exhaustive. When relying on forward-looking information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Geiger has assumed a certain progression, which may not be realized. It has also assumed that the material factors referred to in the previous paragraph will not cause such forward-looking information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors.

THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF GEIGER AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE GEIGER MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/280757

Source: Geiger Energy Corporation

Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.

Contact Us

Vancouver, British Columbia--(Newsfile Corp. - January 19, 2026) - Group Eleven Resources Corp. (TSXV: ZNG) (OTCQB: GRLVF) (FSE: 3GE) ("Group Eleven" or the "Company") is pleased to announce the latest nine drill holes from its Ballywire discovery ("Ballywire") at the 100%-owned PG West Project ("PG West"), Republic of Ireland.

Highlights:

25-3552-51 - 80m step-out SW of massive sulphide zone, within the Ballywire discovery:

29.9m of 15.3% Zn+Pb (9.7% Zn and 5.5% Pb), 552 g/t Ag and 0.67% Cu (from 339m downhole depth); including

3.8m of 27.9% Zn+Pb (23.5% Zn and 4.4% Pb), 82 g/t Ag; and

8.4m of 18.2% Zn+Pb (10.4% Zn and 7.8% Pb), 1776 g/t Ag, 2.21% Cu, 0.18% Sb, incl.

1.3m of 23.0% Zn+Pb (12.4% Zn and 10.6% Pb), 4260 g/t Ag and 4.58% Cu, 0.46% Sb

25-468-19 - new significantly mineralized zone in a 400m gap between two previously drilled holes along a drill fence at the SW portion of the Ballywire discovery:

32.3m of 3.0% Zn+Pb (2.4% Zn, 0.5% Pb), 11 g/t Ag (from 446m downhole), including

2.9m of 6.7% Zn+Pb (5.3% Zn, 1.3% Pb), 55 g/t Ag; and

2.8m of 6.0% Zn+Pb (4.0% Zn, 2.0% Pb), 23 g/t Ag; and

2.8m of 7.3% Zn+Pb (6.6% Zn, 0.7% Pb), 7 g/t Ag; and

2.7m of 5.2% Zn+Pb (4.4% Zn, 0.8% Pb), 10 g/t Ag

"Today's results represent our best hole to date since inception of the Company back in 2015," stated Bart Jaworski, CEO. "Hole 25-3552-51 intersected nearly 30m of excellent zinc and lead grades, including over eight metres of spectacular silver numbers, up to 4,260 g/t, coincident with very strong copper and antimony concentrations. The interval is hosted within a bedding-parallel massive sulphide zone interpreted to be close to true width. Importantly, this hole surprised to the upside, showing a previously unexpected 80m extension of the massive sulphide zone towards the SW, opening new expansion potential in this area. Importantly, this hole continues further down to test the Deeper Cu-Ag target below today's interval. That work is ongoing with assays pending."

"Today's other key development is the discovery of a significant new zone at the SW-end of the current discovery. Hole 25-468-19 intersected over 32m of mineralization, hosting four intervals, each nearly three metres thick, grading robust zinc-lead and silver. This new zone is 295m SSE of previously intersected high-grade mineralization, adding evidence of significant mineralization south of, and potentially parallel to, the current discovery trend. Follow-up drilling here is underway."

"Overall, significant expansion of massive sulphide lenses plus new zones of mineralization to the SW, demonstrate that Ballywire's exploration upside continues to ramp up. With a robust treasury and our most ambitious drilling campaign to date - four rigs turning at Ballywire - we are poised to continue unlocking this discovery's full potential over the coming months."

Exhibit 1. Cross-Section A-A' Showing 25-3552-51 at Ballywire

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5685/280764_4dd86c3f147aba22_002full.jpg

Note: True thickness of the mineralized intervals in hole 25-3552-51 as a percentage of the down-hole interval, is estimated to be approx. 90-100%

Exhibit 2. Plan Map of Main Ballywire Discovery Corridor, Showing New Holes

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5685/280764_4dd86c3f147aba22_003full.jpg

Note: Historic hole 00-468-5 (containing 3.8m of 109 g/t Ag and 0.43% Cu) is located approx. 80m to NNW of 25-468-19, however its location is uncertain by +/-50m and it is therefore excluded from the cross-section in Exhibit 4

Exhibit 3. Summary of Assays from 25-3552-51 at Ballywire

ItemFrom
(m)To
(m)Int
(m)Zn
(%)Pb
(%)Zn+Pb
(%)Ag
(g/t)Cu
(%)Sb
(%)25-3552-51319.52331.5111.992.030.512.5310.10.01-Incl.324.20329.665.462.870.643.5012.10.01-Incl.324.20325.050.856.861.308.1624.70.01-Incl.328.78329.660.884.961.766.7227.70.010.01And338.83368.7029.879.745.5215.26552.30.670.06Incl.339.78343.533.7523.474.4127.8882.50.040.02Incl.339.78342.582.8026.144.9331.0790.20.050.02And350.96357.526.567.7410.0917.82144.80.120.01Incl.354.72357.522.805.1216.7621.89248.00.240.02Incl.356.57357.520.953.6313.0516.68435.00.510.03And358.48366.918.4310.407.8418.241,775.62.210.18Incl.363.13365.352.2216.7213.1629.883,365.63.710.36Incl.364.08365.351.2712.4010.5522.954,260.04.580.46Note: True thickness of the mineralized intervals in hole 25-3552-51 as a percentage of the down-hole interval, is estimated to be approx. 90-100%; "-" means less than 0.01%

Exhibit 4. Cross-Section B-B' of 25-468-17, -19, -20 and -21 (and Historic/Previously Reported Holes)

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5685/280764_4dd86c3f147aba22_004full.jpg

Note: True thickness of the mineralized intervals in hole 25-468-17, -19, -20 and -21 as a percentage of the down-hole interval, is estimated to be approx. 85-95%, 90-100%, 90-100% and 90-100%, respectively; historic hole 00-468-5 (containing 3.8m of 109 g/t Ag and 0.43% Cu) is located approx. 80m to NNW of 25-468-19, however its location is uncertain by +/-50m and it is therefore excluded from above cross-section

Ballywire Drill Update

The Ballywire prospect at the Company's 100%-owned PG West Project in Republic of Ireland, represents the most significant mineral discovery in Ireland in over a decade. First announced in Sept-2022, the discovery has 73 holes drilled and reported by Group Eleven to date, including the most recent nine holes (25-468-17, -19, -20, -21; 25-3552-43, -46, -48, -49 and -51) reported today (see Exhibits 1 to 6).

Assays from today's drill holes are summarized above and below. Today's results from 25-3552-51 are partial and limited to only high-grade mineralization within the Waulsortian Limestone, however, samples from above and below today's results, are in progress with assays pending. Mineralization reported today consists predominantly of sphalerite, galena and pyrite, with the Cu-Ag bearing zones also containing chalcopyrite and suspected tennantite-tetrahedrite.

Exhibit 5. Summary of Assays from 25-468-17, -19, -20 and -21 at Ballywire

ItemFrom
(m)To
(m)Int
(m)Zn
(%)Pb
(%)Zn+Pb
(%)Ag
(g/t)25-468-17265.87304.5538.680.130.140.271.7Incl.265.87282.3816.510.250.050.311.4Incl.276.85277.810.961.720.181.905.5And287.83296.238.400.020.460.493.7Incl.290.58291.560.980.061.871.9310.225-468-19445.67477.9432.272.440.542.9711.4Incl.446.62451.404.783.580.884.4636.8Incl.448.52451.402.885.321.346.6655.4Incl.449.48450.450.977.272.8510.12104.0And456.17461.825.653.321.124.4415.3Incl.458.11460.882.773.982.005.9822.8Incl.459.01459.930.925.352.177.5233.6And465.63468.462.836.650.707.357.1Incl.467.52468.460.9411.151.5312.688.0And475.20477.942.744.380.795.1710.2Incl.477.10477.940.845.211.807.0120.525-468-20210.27235.0424.770.710.130.844.9Incl.223.22231.478.251.410.211.629.0Incl.225.10231.476.371.490.211.716.7Incl.228.77231.472.702.060.322.388.6Incl.230.56231.470.914.040.514.5514.225-468-21186.71189.522.812.680.523.2010.0Incl.188.24189.521.283.980.544.5212.9Incl.189.22189.520.303.700.764.4623.8And230.54267.6237.080.110.020.130.3Note: True thickness of the mineralized intervals in hole 25-468-17, -19, -20 and -21 as a percentage of the down-hole interval, is estimated to be approx. 85-95%, 90-100%, 90-100% and 90-100%, respectivelyIn addition to the above descriptions, note that 25-468-17, -20 and -21 have successfully intersected mineralization approximately 230m NNE of previously known mineralization (see G11-468-01 in Exhibit 4). This shows that mineralization has now been intercepted over a down-dip distance of greater than 1,050m along this section. Given the large step-out distances between holes, it is possible that high-grade zones of massive sulphide remain to be discovered. Hence, closer spaced drilling along this section is now ongoing.

Almost two kilometres to the NE of the drill holes reported above, a fence of four holes was drilled approximately 200m NE of previous drilling (see Exhibit 2), each intersecting visible mineralization:

25-3552-43 - 3.2m of 0.06% Zn+Pb (0.05% Zn and 0.01% Pb) (from 207m downhole), including 1.2m of 0.11% Zn+Pb (0.10% Zn and 0.01% Pb)

25-3552-46 - 2.9m of 0.22% Zn+Pb (0.17% Zn and 0.05% Pb) (from 261m downhole), including 1.0m of 0.35% Zn+Pb (0.27% Zn and 0.08% Pb)

25-3552-48 - 23.5m of 0.18% (0.08% Zn and 0.10% Pb), 1.4 g/t Ag (from 294m downhole), including 1.8m of 0.39% Zn+Pb (0.03% Zn and 0.36% Pb), 8.7 g/t Ag and 1.8m of 0.65% Zn+Pb (0.61% Zn and 0.04% Pb), 0.7 g/t Ag

25-3552-49 - 4.7m of 0.22% Zn+Pb (0.11% Zn and 0.11% Pb), 0.9 g/t Ag (from 365m downhole), including 0.9m of 0.49% Zn+Pb (0.21% Zn and 0.28% Pb) and 1.9 g/t Ag

Drilling at Ballywire re-started in early January after the Christmas break. Four rigs are currently drilling at Ballywire, with the aim of completing over 20,000m in Ireland in 2026 (approx. 85% of which is planned at Ballywire). Currently, eleven (11) new holes are completed (and in the process of being logged, sampled and assayed), in progress and/or about to be drilled. These are shown in Exhibit 2, including: (i) four holes collared on the fence hosting today's 25-468-19 results; (ii) one hole testing down-dip of today's 25-3552-51 results; (iii) three holes planned in a fan pattern immediately SE of 25-3552-39; (iv) two holes drilling approx. 400m SE of 25-3552-49; and (v) one hole testing 300m NE of the above drilling, testing the 'D' gravity-high anomaly (see Exhibit 2 and 6).

Exhibit 6. Regional Gravity Map Showing 6km Long Prospective Trend at Ballywire

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5685/280764_4dd86c3f147aba22_005full.jpg

Note: Of the four gravity-high anomalies above, only the 'C' anomaly has been systematically drilled to date

Notes to Exhibit 7: (a) Pallas Green MRE is owned by Glencore (see Glencore's Resources and Reserves Report dated December 31, 2024); (b) Stonepark MRE: see the 'NI 43-101 Independent Report on the Zinc-Lead Exploration Project at Stonepark, County Limerick, Ireland', by Gordon, Kelly and van Lente, with an effective date of April 26, 2018, as found on SEDAR; and (c) the historic estimate at Denison was reported by Westland Exploration Limited in 'Report on Prospecting Licence 464' by Dermot Hughes dated May, 1988; the historic estimate at Gortdrum was reported in 'The Geology and Genesis of the Gortdrum Cu-Ag-Hg Orebody' by G.M. Steed dated 1986; and the historic estimate at Tullacondra was first reported by Munster Base Metals Ltd in 'Report on Mallow Property' by David Wilbur, dated December 1973; and later summarized in 'Cu-Ag Mineralization at Tullacondra, Mallow, Co. Cork' by Wilbur and Carter in 1986; the above three historic estimates have not been verified as current mineral resources; none of the key assumptions, parameters and methods used to prepare the historic estimates were reported and no resource categories were used; significant data compilation, re-drilling and data verification may be required by a Qualified Person before the historic estimates can be verified and upgraded to be compliant with current NI 43-101 standards; a Qualified Person has not done sufficient work to classify them as a current mineral resource and the Company is not treating the historic estimates as current mineral resources. 'Rathdowney Trend' is the south-westerly projection of the Rathdowney Trend, hosting the historic Lisheen and Galmoy mines.

Exhibit 7. Regional Map of Ballywire Discovery and Surrounding Prospects

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5685/280764_4dd86c3f147aba22_006full.jpg

Qualified Person

Technical information in this news release has been approved by Professor Garth Earls, Eur Geol, P.Geo, FSEG, geological consultant at IGS (International Geoscience Services) Limited, and independent 'Qualified Person' as defined under Canadian National Instrument 43-101.

Sampling and Analytical Procedures

All core drilled at Ballywire is NQ (47.6mm) and is cut using a rock saw. Sample intervals vary between 0.10m to 1.69m with an average (over 571 samples) of 0.93m. The half-core samples are bagged, labelled and sealed at Group Eleven's core store facility in Limerick, Ireland. Selected sample bags are examined by the Qualified Person. Transport is via an accredited courier service and/or by Group Eleven staff to ALS Laboratories in Loughrea Co. Galway, Ireland. Sample preparation at the ALS facility comprises fine crushing 70% < 2mm, riffle splitter, pulverise up to 250g 85% < 75um. Analytical procedures are 34 element four acid ICP-AES (codes ME-ICP61 and ME-OG62). Other than paying for a professional analytical service, Group Eleven has no relationship with ALS.

Quality Assurance/Quality Control (QA/QC) Information

Group Eleven inserts certified reference materials ("CRMs" or "Standards") as well as blank material, to its sample stream as part of its industry-standard QA/QC programme. The QC results have been reviewed by the Qualified Person, who is satisfied that all the results are within acceptable parameters. The Qualified Person has validated the sampling and chain of custody protocols used by Group Eleven.

About Group Eleven Resources

Group Eleven Resources Corp. (TSX.V: ZNG; OTCQB: GRLVF and FRA: 3GE) is drilling the most significant mineral discovery in the Republic of Ireland in over a decade. The Company announced the Ballywire discovery in September 2022, demonstrating high grades of zinc, lead, silver, copper, germanium and locally, antimony. Key intercepts to date include:

10.8m of 10.0% Zn+Pb and 109 g/t Ag (G11-468-03)

10.1m of 8.6% Zn+Pb and 46 g/t Ag (G11-468-06)

10.5m of 14.7% Zn+Pb, 399 g/t Ag and 0.31% Cu (G11-468-12)

11.2m of 8.9% Zn+Pb and 83 g/t Ag (G11-3552-03)

29.6m of 10.6% Zn+Pb, 78 g/t Ag and 0.15% Cu (G11-3552-12) and

11.8m of 11.6% Zn+Pb, 48 g/t Ag (G11-3552-18)

15.6m of 11.6% Zn+Pb, 122 g/t Ag and 0.19% Cu (G11-3552-27)

12.0m of 1.4% Zn+Pb, 560 g/t Ag, 2.30% Cu and 0.17% Sb (25-3552-31), including

6.4m of 2.1% Zn+Pb, 838 g/t Ag, 3.72% Cu and 0.27% Sb (25-3552-31)

39.7m of 9.5% Zn+Pb, 131 g/t Ag and 0.27% Cu (25-3552-35)

25.6m of 9.2% Zn+Pb, 28 g/t Ag (25-3552-39)

29.9m of 15.3% Zn+Pb, 552 g/t Ag and 0.67% Cu (25-3552-51), including

8.4m of 18.2% Zn+Pb, 1776 g/t Ag, 2.21% Cu and 0.18% Sb (25-3552-51)

Ballywire is located 20km from Company's 77.64%-owned Stonepark zinc-lead deposit1, which itself is located adjacent to Glencore's Pallas Green zinc-lead deposit2. The Company's two largest shareholders are Michael Gentile (13.8% interest) and Glencore Canada Corp. (13.7%). Additional information about the Company is available at www.groupelevenresources.com.

ON BEHALF OF THE BOARD OF DIRECTORS
Bart Jaworski, P.Geo.
Chief Executive Officer

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

Cautionary Note Regarding Forward-Looking Information

Technical and scientific information disclosed from neighbouring properties does not necessarily apply to the current project or property being disclosed. This press release contains forward-looking statements within the meaning of applicable securities legislation. Such statements include, without limitation, statements regarding the future results of operations, performance and achievements of the Company, including the timing, content, cost and results of proposed work programs, the discovery and delineation of mineral deposits/resources/ reserves and geological interpretations. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking statements as a result of various factors, including, but not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located. All of the Company's public disclosure filings may be accessed via www.sedarplus.ca and readers are urged to review these materials, including the technical reports filed with respect to the Company's mineral properties.

Appendix. Continuous Assay Results from Key Interval at 25-3552-51 at Ballywire

From
(m)To
(m)Int
(m)Zn
(%)Pb
(%)Zn+Pb
(%)Ag
(g/t)Cu
(%)Sb
(%)338.83339.780.953.620.363.9810.90.01-339.78340.710.9324.004.1928.1972.00.030.01340.71341.620.9128.802.6331.4365.70.040.01341.62342.580.9625.707.8233.52131.00.070.03342.58343.530.9515.602.8718.4759.70.030.01343.53344.430.904.190.634.8210.90.01-344.43345.370.945.553.048.5942.60.010.01345.37346.300.938.980.739.7115.40.01-346.30347.190.898.401.139.5317.60.02-347.19348.150.963.950.084.032.5--348.15349.100.955.400.195.594.00.01-349.10349.980.883.710.103.814.30.01-349.98350.960.983.740.314.057.60.01-350.96351.830.8718.252.4320.6867.20.060.01351.83352.450.622.060.242.3017.40.02-352.45353.741.2912.108.3020.4093.40.040.01353.74354.720.983.726.3810.1066.70.030.01354.72355.660.942.0412.4514.4968.80.030.01355.66356.570.919.8625.1034.96238.00.160.02356.57357.520.953.6313.0516.68435.00.510.03357.52358.480.962.014.396.4075.70.060.01358.48359.420.943.242.976.211430.02.120.12359.42360.330.916.206.0612.261485.02.280.12360.33361.250.9210.4510.3020.751995.03.240.19361.25362.220.978.948.2417.18463.00.550.04362.22363.130.918.506.2014.70929.01.190.08363.13364.080.9522.5016.6539.152170.02.540.24364.08365.351.2712.4010.5522.954260.04.580.46365.35365.960.617.250.808.05108.00.060.01365.96366.910.9512.055.2217.271690.01.820.21366.91368.121.2115.004.2219.2267.30.100.01368.12368.700.580.691.111.8013.70.01-Note: Above table shows each individual sample interval (i.e. not summarized); "-" means less than 0.01%; core photos will be made available at www.groupelevenresources.com in due course________________________
1 Stonepark MRE is 5.1 million tonnes of 11.3% Zn+Pb (8.7% Zn and 2.6% Pb), Inferred (Apr-17-2018)
2 Pallas Green MRE is 45.4 million tonnes of 8.4% Zn+Pb (7.2% Zn + 1.2% Pb), Inferred (Glencore, Dec-31-2024)

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/280764

Source: Group Eleven Resources Corp.

Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.

Contact Us

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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

HomeStock IdeasQuick Picks & Lists

SummaryOil price volatility in 2026 is our base case, and it appears less an aberration than a consequence of two forces that coexist uncomfortably: a visibly surplus market and an episodic geopolitical premium.Vår Energi's cash flow profile is no longer prospective but operational, with the Johan Castberg and Balder X fields transitioning from promise to production.Harbour Energy’s near-term uplift in free cash flow is driven less by oil prices than by balance-sheet and portfolio decisions, most notably the Waldorf and LLOG transactions, which transform the company’s cash generation across a $55–70/bbl Brent range.With scale, diversification, and a net-cash balance sheet, Equinor’s exposure is skewed toward late-cycle offshore supply that has already cleared the sanctioning hurdle. quantic69/iStock via Getty Images

The following segment was excerpted from the Massif Capital Q4 2025 Letter To Investors.

Oil and Natural Gas (16% of Portfolio, 3 Positions)

Oil price volatility in 2026 is our base case, and it appears less

Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today:

Aprea Therapeutics (APRE - Free Report) is a biopharmaceutical company which is focused on developing and commercializing novel cancer therapeutics which reactivate the mutant tumor suppressor protein, p53. The Zacks Consensus Estimate for its current year earnings has been revised almost 61.5% downward over the last 60 days.

New Fortress Energy (NFE - Free Report) is an integrated gas-to-power company which develops, finances and constructs energy infrastructure assets. The Zacks Consensus Estimate for its current year earnings has been revised almost 16.7% downward over the last 60 days.

Caesars Entertainment (CZR - Free Report) is a diversified gaming and hospitality company based in Reno, NV. The Zacks Consensus Estimate for its current year earnings has been revised 5.3% downward over the last 60 days.

View the entire Zacks Rank #5 List.

HIGHLIGHTS:

Rapid progress achieved with over 7.2 million hours worked and more than 3,000 employees and contractors on-siteKey process plant achievements include the erection of all 14 CIL tanks, completion of the oxide sizer, and delivery of the ball mill shell to site with all preparatory works completed in time for installation, marking a significant milestoneOther key workstreams completed include site water storage infrastructure and the resettlement village, whilst other key workstreams such as the HDPE lining of the TSF and grid connection are well advanced Construction remains on-budget with more than $545m of capital committed, representing approximately 63% of the total upfront capital expenditure, with prices in-line with expectationsGiven the strong advancement, the first gold pour is anticipated in late Q4-2026 through the oxide circuit, whilst the hard-rock comminution circuit remains well on schedule for completion in Q2-2027Exploration remains a strong focus at Koné with another initial 90,000-meter drill programme launched for 2026, in addition to 9,000 meters of drilling planned for the recently awarded Wendé advanced greenfield property ABIDJAN, Côte d'Ivoire, Jan. 19, 2026 (GLOBE NEWSWIRE) -- Montage Gold Corp. (“Montage” or the “Company”) (TSX: MAU, OTCQX: MAUTF) is pleased to announce that rapid construction progress continues to be made at its Koné project, in Côte d’Ivoire, where the first gold pour through the oxide circuit is anticipated in late Q4-2026.

A total of over 7.2 million construction hours have been worked since the commencement of the project with key milestones achieved including the erection of all 14 CIL tanks, piperack and grid mesh walkways, completion of the oxide sizer and the delivery of the ball mill to site. Given the strong advancement, the first gold pour is anticipated in late Q4-2026 through an oxide circuit startup, whilst the hard-rock comminution circuit remains well on track for completion in Q2-2027. A total of approximately $545 million of capital has been committed to date, representing approximately 63% of the total upfront capital expenditure, with prices in-line with expectations.

In parallel, the Company continues to be focused on unlocking value through its exploration programme with approximately 115,000 meters drilled in 2025, compared to its initial budget of 90,000 meters, in addition to 56,000 meters of pre-production drilling conducted at the Koné and Gbongogo Main deposits. Based on the drilling completed last year, the Company expects to publish updated Mineral Resource Estimates in Q1-2026 for several satellite targets, in addition to updated resources for the Koné and Gbongogo Main deposits along with the results of the pre-production drilling programme which confirmed both the grade and continuity of the mineralized envelopes and identified high-grade zones. Following on from last year’s success, the Company recently launched an initial $16 million drill programme for 2026, comprising 90,000 meters of drilling at the Koné project and 9,000 meters for the recently awarded Wendé advanced greenfield property.

Martino De Ciccio, Chief Executive Officer of Montage, commented: “We are very pleased with the momentum generated thus far to advance our strategy of creating a premier multi-asset African gold producer and delivering value for all our stakeholders.

Construction at our flagship Koné project in Côte d’Ivoire continues to progress at a rapid pace with a number of key milestones achieved including completion of the oxide sizer and delivery of the ball mill shell on site, which positions us to target a first gold pour through an oxide circuit start-up in late Q4-2026. Moreover, we are continuing to enjoy significant exploration success at the Koné project given the discovery of higher-grade satellites, with notably the Petit Yao discovery announced late last year.

Looking ahead, we are also pleased to be consolidating a project pipeline through the acquisition of African Gold, where recently published drill results continue to confirm the prospectivity of the Didievi project in Côte d’Ivoire. We are also excited to commence drilling this year at our newly awarded Wendé advanced greenfield property in Côte d’Ivoire with the goal of sourcing the next project through our ability to stake prospective grounds and explore.

I’d like to take this opportunity to thank our employees, contractors, financiers, local stakeholders, and wider partners for their strong dedication and support as we continue to deliver on our collective goals.”

Peder Olsen, President and Chief Development Officer of Montage, commented: “Construction activities at our Koné project continue to progress at a rapid pace, with more than 7.2 million hours worked to date and number of key milestones achieved several months early. Notable progress includes the completion of the oxide sizer, erection of 14 CIL tanks and significant progress on the installation of structural steel and piperacks, the commencement of pipework installation, as well as significant progress on the TSF, with the dam wall completed 3 months ahead of schedule, construction and internal fit out of the 225kV substation and assembly of transmission line towers.

The delivery of the ball mill shell on site marks a critical milestone on our journey and together with our construction achievements, positions us to target first gold pour through an oxide circuit start-up in late Q4-2026. Concurrently, we continue to make rapid progress on the hard-rock comminution circuit which remains on-budget and well on-schedule for completion in Q2-2027.

The resettlement village has been successfully completed and is now fully occupied following the opening ceremony for the village, which was attended by more than 1,000 people and is a reflection of our strong partnerships with our local stakeholders given our win-win partnership approach.

In parallel to our construction efforts, we are making good progress on executing our operational readiness plan, with the mobilisation of high calibre operating teams and mining equipment scheduled to occur over the coming quarters.

Looking ahead, we are excited with the ongoing efforts to build a project pipeline with the goal of leveraging our in-house construction expertise to unlock further value for our stakeholders.”

KONÉ PROJECT UPDATE
Construction continues to progress on-budget with rapid progress made across a number of key workstreams as summarized below:

On-site workforce now exceeds 3,000 employees and contractors, with over 7.2 million hours worked, and with over 90% local employment, demonstrating the Company’s commitment to local content.Process plant construction continues to rapidly advance: CIL tank construction has progressed rapidly, with all tanks on train 1 having been completed and hydro-tested, whilst all tanks on train 2 are either complete or entering final stages of testing.Oxide sizer construction has largely been completed, approximately 4 months ahead of schedule, with final electrical works taking place.Ball mill civil works have been completed, and all concrete has been poured, with the focus now shifting to the installation of structural steel, piperacks and grid mesh ahead of the ball mill installation.Piperack installation in the mill classification area has largely been completed, whilst installation in the CIL trains remains ongoing in parallel to CIL tank completion, all tracking ahead of schedule.Pre-leach and tailings thickener areas are undergoing slab and kerb construction, following the completion of foundations.Hard-rock comminution circuit earthworks are progressing rapidly, with structural fill and concrete placement ongoing at the primary crusher.Reagent foundations have been completed with concrete pours for the oxide startup expected to be completed by the end of January 2026.Gold room concrete vault walls were poured, and the gold safe was installed with roof works now ongoing.Foundations have been completed for ancillary buildings in the process plant. Figure 1: Koné process plant overview

Figure 2: Key processing plant infrastructure

Fabrication of long-lead items is progressing on schedule, with the ball mill shell delivered to site in mid-January. Fabrication of the pre-leach and tailings thickener and HPGR steel remains on schedule. Figure 3: Ball mill shell delivery to site

Water storage infrastructure was completed in Q3-2025 alongside the river abstraction, booster stations and water treatment plants, which were all successfully commissioned and operational last year. Figure 4: Water storage facility

Grid connection is progressing rapidly with power line construction of the 33kV overhead line to the camp, river abstraction and processing plant main area nearing completion. The 225kV substation construction is progressing on-schedule with cable trench excavation nearing completion and internal fit-out of the substation buildings largely completed. Earthworks and foundations for the 225kV overhead powerline tower settings have been completed, and the tower assembly is now 95% complete. Erection of 225kV powerline towers is underway. Figure 5: Electrical substation and high-voltage grid connection preparation

Gbongogo haul road construction has been completed between Koné processing plant and the Marahoué river. Earthworks and construction of the Marahoué river bridge have commenced on schedule. Figure 6: Marahoué river bridge construction

Tailings Storage Facility (“TSF”) embankment wall construction has been completed 3 months ahead of schedule. All deliveries of TSF liners have been received on site and installation is ongoing. Figure 7: TSF HDPE liner installation

Airstrip has been completed and is expected to be operational in Q1-2026 pending final permitting approvals.The permanent camp construction is nearing completion, with all permanent rooms fully fitted and available for use. Remaining workstreams include landscaping and completion of sport facilities. Figure 8: Permanent camp

The resettlement village was completed in November 2025 and subsequently officially inaugurated with more than 1,000 people attending the opening ceremony. During the event, the village which includes new houses, a school, a pharmacy, a maternity hospital, a market, a community centre and religious buildings, was inaugurated in the presence of regional prefects, sub-prefects, the director general of mines, the deputy director of industrial mines and technical advisors of the Ministry of Mines, and other government officials. The construction of the village enabled 18 local businesses to create more than 490 jobs in the community, empowering local entrepreneurs and providing numerous skills development opportunities. Figure 9: Resettlement village and official opening ceremony

Timeline to first gold pour

The Company remains on-budget and is targeting first gold pour in late Q4-2026 through the oxide circuit start-up, whilst the hard-rock comminution circuit remains well on-schedule for completion in Q2-2027, with key upcoming milestones presented in Table 1 below.

Table 1: Koné project timeline to first gold pour

Work StreamQ1-2025Q2-2025Q3-2025Q4-2025Q1-2026Q2-2026Q3-2026Q4-2026Q1-2027Q2-2027Tailings Dam & Water Dams          Tailings Dam  ****    Water Storage & Dam**        Construction          Power Supply *****    Site Infrastructure*******   Earth works & Concrete Works******    Structural, Mechanical, Piping  ******  Electrical    ****  Process Plant Commissioning      *** First Gold – Oxide Circuit       *  First Gold – Hard-Rock Circuit         *
EXPLORATION PROGRAMME
In 2025, a total of approximately 115,000 meters were drilled at the Koné project with efforts focused on delineating higher-grade satellite resources. The programme resulted in the publication of increased resources at Koban North, Gbongogo South and ANV, with further resource updates expected to be published in the coming months, along with maiden resources other targets such as Soman 1 & 2 and Petit Yao. In addition, a resource update is also expected to be published for the Koné and Gbongogo Main deposits along with the results of the 56,000 meters of pre-production drilling which confirmed both the grade and continuity of the mineralized envelopes and identified high-grade zones.

Following on from last year’s success, the Company recently launched an initial $16 million drill programme for 2026, comprising 90,000 meters of drilling amounting to $14 million for the Koné project and 9,000 meters amounting to $2 million for the recently awarded Wendé advanced greenfield property, with details by area detailed in Table 2 below.

Table 2: 2026 drill programme – budgeted meterage by trend and target

Trend NameTarget NameDrilling(%)KonéKoné deposit; Petit Yao24,600m25%Gbongogo-KorotouGbongogo Main; Gbongogo South; Diouma North; Koban North; Koban Main; Sena; Soman 1 &2; Gbongogo West; Korotou; Malibou; Espoir; Matiko44,400m45%LokoloLokolo Main; Lokolo Main North; Lokolo South; Lokolo South 2; Lokolo NW; Lokolo West3,500m3.5%Bafretou-NiondjeBafretou; Resi West5,000m5%SissédougouANV; ANIII; ANV West; ANV North; Kagon10,000m10%YeréYeré North, Yeré Trend2,500m2.5%Total Koné Project Area90,000m91%Wendé advanced greenfield propertyBobosso; Wendé Hill9,000m9%Total Montage Budget99,000m100%
The 2026 exploration programme is focused on three parallel tracks:

Infill and extension drilling of previously delineated starter deposits, including the more advanced Gbongogo South, Koban North and ANV deposits, as well as other previously delineated deposits;Advancing pre-resource targets toward maiden resource definition, including the Petit Yao target which has the potential to be delineated into a high-grade satellite of scale; andTesting new targets across the project’s extensive land package, based on continuing to systematically drill test best selected targets to confirm their potential and define starter resources to validate their grade profiles before undertaking larger step-out drilling campaigns. As shown in Figure 10 below, over 50 targets have been identified on the property, with nearly half drill-tested with mineralization confirmed. Figure 10: Koné project geological trends and exploration target map

In late 2025, the Company was awarded the Wendé greenfield advanced exploration property, in Côte d’Ivoire, with exploration activities set to soon commence with a budget of 9,000 meters amounting to approximately $2 million. Exploration efforts will focus on step out drilling and downdip drilling of areas that have been historically drilled, as well as testing new prospective targets following an analysis of available geological data, including geophysics and gold-in-soil anomalies.

KEY UPCOMING CATALYSTS:

Koné deposit infill drilling and grade control results in Q1-2026;Updated Mineral Resources Estimates incorporating 2025 drilling data, including maiden resources on Petit Yao and other advanced targets;Ongoing results for the 2026 exploration programme across the Koné project and Wendé advanced greenfield property;Target first gold pour in late Q4-2026 through the oxide circuit start up. ABOUT MONTAGE GOLD
Montage Gold Corp. (TSX: MAU) is a Canadian-listed company focused on becoming a premier African gold producer, with its flagship Koné project, located in Côte d’Ivoire, at the forefront. Based on the Updated Feasibility Study published in 2024 (the “UFS”), the Koné project has an estimated 16-year mine life and sizeable annual production of +300koz of gold over the first 8 years and is expected to enter production in late Q4-2026.

QUALIFIED PERSONS STATEMENT
The scientific and technical contents of this press release have been verified and approved by Mr. Peder Olsen, a Qualified Person pursuant to NI 43-101. Mr. Olsen, President and Chief Development Officer of Montage, is a registered Fellow of the Australasian Institute of Mining and Metallurgy (AusIMM).

CONTACT INFORMATION

For Investor Relations Inquiries:
Jake Cain
Strategy & Investor Relations Manager
[email protected]
+44-7788-687-567For Media Inquiries:
John Vincic
Oakstrom Advisors
[email protected]
+1-647-402-6375For Regulatory Inquiries:
Kathy Love
Corporate Secretary
[email protected]
+1-604-512-2959    FORWARD-LOOKING STATEMENTS
This press release contains certain forward-looking information and forward-looking statements within the meaning of Canadian securities legislation (collectively, “Forward-looking Statements”). All statements, other than statements of historical fact, constitute Forward-looking Statements. Words such as “will”, “intends”, “proposed” and “expects” or similar expressions are intended to identify Forward-looking Statements. Forward-looking Statements in this press release include statements related to the Company’s objectives of achieving the first gold pour in late Q4-2026 through an oxide circuit startup and the hard-rock comminution circuit completion in Q2-2027; the Company’s mineral reserve and resource estimates; the design and allocation of the 2026 exploration budget to trends and targets, results of the 2025 and 2026 drill programs including targeted additions to the estimated mineral resources at the Koné project, and the timing thereof; results of the advanced grade control drill programme; expected recoveries and grades of the Koné project; timing in respect of the commencement and completion of construction of various components of the Koné project, the length of construction and of the mining operations at the Koné project, including estimated construction costs; timing and amount of necessary financing related to the mining operations at the Koné project; the timing and amount of future production from the Koné project; and the publication of new resource estimates in 2026.

Forward-looking Statements involve various risks and uncertainties and are based on certain factors and assumptions. There can be no assurance that any Forward-looking Statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements, including that the returns from the Koné project will be lower than estimated, that targeted additions to the mineral resources will not be achieved or that additional resources will not be benefit the Koné project due to lower grades or higher costs than anticipated, that the cost of construction of the Koné project will be higher than estimated, or that the Company will not be able to achieve lower mining costs than under contractor mining. Important factors that could cause actual results to differ materially from include uncertainties inherent in the preparation of mineral reserve and resource estimates and definitive feasibility studies, and in delineating new mineral reserve and resource estimates, including but not limited to, assumptions underlying the production estimates not being realized, incorrect cost assumptions, decreases in the price of gold, unexpected variations in quantity of mineralized material, grade or recovery rates being lower than expected, unexpected adverse changes to geotechnical or hydrogeological considerations, or expectations in that regard not being met, unexpected failures of plant, equipment or processes (including construction equipment), delays in or increased costs for the delivery of construction equipment and services, unexpected changes to availability of power or the power rates, failure to maintain permits and licenses, higher than expected interest or tax rates, labour stoppages, failure to adequately train staff, incorrect assessment of equipment needs, adverse changes in project parameters, unanticipated delays and costs of consulting and accommodating rights of local communities, environmental risks inherent in the Côte d’Ivoire, title risks, including failure to renew concessions, unanticipated commodity price and exchange rate fluctuations, delays in or failure to receive access agreements or amended permits, and other risk factors set forth in the Company’s Annual Information Form available at www.sedarplus.ca, under the heading “Risk Factors”. The Company undertakes no obligation to update or revise any Forward-looking Statements, whether as a result of new information, future events or otherwise, except as may be required by law. New factors emerge from time to time, and it is not possible for Montage to predict all of them, or assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any Forward-looking Statement. Any Forward-looking Statements contained in this press release are expressly qualified in their entirety by this cautionary statement.

Figures accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/d75701d3-9ad3-4cbb-a730-a96db9cbd7de

https://www.globenewswire.com/NewsRoom/AttachmentNg/684bbfcb-f486-42cc-8aa3-5f48f267870a

https://www.globenewswire.com/NewsRoom/AttachmentNg/17ca15ae-7015-4a38-ab53-0227c56850e3

https://www.globenewswire.com/NewsRoom/AttachmentNg/b7ca2d8a-8adb-4abe-a82a-cdad314eb13f

https://www.globenewswire.com/NewsRoom/AttachmentNg/a2b4808a-3773-4764-a693-8e8f7da952ac

https://www.globenewswire.com/NewsRoom/AttachmentNg/53564897-ef91-4886-bd5f-9c7a4dbe255d

https://www.globenewswire.com/NewsRoom/AttachmentNg/d7a98e56-350b-4e21-9f32-d31432c5d95c

https://www.globenewswire.com/NewsRoom/AttachmentNg/ce2d98c1-8308-4ae2-9dc9-73c3afcb44fb

https://www.globenewswire.com/NewsRoom/AttachmentNg/54ed0cea-4f1e-4db0-9fce-d154c404a769

https://www.globenewswire.com/NewsRoom/AttachmentNg/663e365e-eeb9-4c04-a53a-13c44002d101

-

DALLAS--(BUSINESS WIRE)--Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) today announced plans to release fourth quarter and full year 2025 operational and financial results after the close of trading on Tuesday, February 24, 2026. Management will also host a live conference call on Wednesday, February 25, 2026, at 10:00 a.m. Central Time to review fourth quarter and full year 2025 financial results and operational highlights. Matador also expects to release its full year 2026 operational and financial guidance in conjunction with this earnings release.

To access the live conference call by phone, you can use the following link https://register-conf.media-server.com/register/BI629e65534ba04bebb8e090f7afe16bb7 and you will be provided with dial in details. To avoid delays, it is recommended that participants dial into the conference call 15 minutes ahead of the scheduled start time.

The live conference call will also be available through the Company’s website at www.matadorresources.com on the Events and Presentations page under the Investor Relations tab. The replay for the event will be available on the Company’s website at www.matadorresources.com on the Events and Presentations page under the Investor Relations tab for one year.

About Matador Resources Company

Matador is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with an emphasis on oil and natural gas shale and other unconventional plays. Its current operations are focused primarily on the oil and liquids-rich portion of the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas. Matador also operates in the Haynesville shale and Cotton Valley plays in Northwest Louisiana. Additionally, Matador conducts midstream operations in support of its exploration, development and production operations and provides natural gas processing, oil transportation services, natural gas, oil and produced water gathering services and produced water disposal services to third parties.

For more information about Matador Resources Company, visit www.matadorresources.com.

More News From Matador Resources Company

Back to Newsroom

Vancouver, British Columbia – TheNewswire - January 19, 2026: Inflection Resources Ltd. (CSE: AUCU / OTCQB: AUCUF / FSE: 5VJ) (the "Company" or "Inflection") is pleased to provide an update on drilling completed in New South Wales, Australia under the Exploration Agreement with AngloGold Ashanti Australia Limited (“AngloGold Ashanti”) as announced on June 14, 2023 and March 25, 2025.

Summary Highlights

High-grade gold was intersected in a new standalone target area within the Trangie district.  Drill hole TRNDH032 returned 3.0 metres grading 7.72 g/t gold from skarn-style alteration; 

Eighty-three air-core drill holes are planned to commence on the Trangie project in February to follow-up on the recent intercept in hole TRNDH032 and earlier porphyry gold-copper mineralisation intersected in hole TRNDH023; and 

Recent scout drilling totalled 2,605 metres in six holes, completed on individual targets within the Trangie, Nyngan, Crooked Creek and Duck Creek projects. 

  Alistair Waddell, Inflection’s President and CEO, states: “The discovery of high-grade gold in a new target area within the Trangie district represents a significant development in our systematic exploration of the broader Trangie area.  This new zone is located approximately 5.5 km south of the porphyry mineralisation intercepted in hole TRNDH023 and opens up an area that has not previously been drill tested.  The expanded drill program at Trangie is a significant step-forward with air-core drilling representing a proven and widely used drilling methodology in New South Wales, notably in the discovery of several deposits, including the Northparkes and Cowal mines.  This discovery, made as part of our strategic alliance with AngloGold Ashanti, validates our exploration approach of systematic drilling across multiple targets in the northern extension of the Macquarie Arc."

Trangie Phase II Drilling:

Drill hole TRNDH032 was drilled to the south (180°) at -70° and is located approximately 5.5 km south of hole TRNDH023 which intersected the previously reported porphyry-style mineralisation (Figure 1).  The hole targeted a northwest-trending magnetic high coincident with a Bouguer gravity anomaly.  Drilling intersected a sequence of calcareous volcanogenic siltstones and andesite lavas that have been intruded by a hornblende-bearing monzonite.  Drill core exhibits skarn-style alteration characterized by localized garnet-pyroxene-magnetite assemblages with a retrograde chlorite-epidote overprint (Figure 2).  Mineralisation includes chalcopyrite associated with the skarn assemblages and disseminated magnetite alteration along with multi-generational epidote-calcite and quartz veining.  Notable intercepts include 3.0 m grading 7.72 g/t Au from 190.0 m to 193 m; 2.0 m at 0.19% Cu from 199.0 m to 201.0 m; 1.85 m at 0.20% Cu from 208.5 m to 210.4 m; and 1.6 m at 0.10% Cu from 310.4 m to 312.0 m.

  Drill hole TRNDH029 was drilled 270 m northwest of hole TRNDH023 in a northwesterly direction (310°) at -70° to follow-up on anomalous mineralisation encountered in TRNDH010 which returned 10.0 m grading 0.12 g/t Au from 221.0 m to 231.0 m.  The hole intersected an interfingering sequence of andesites and sedimentary units with epidote and localized magnetite/albite alteration.  Molybdenum was relatively elevated throughout the hole, with a maximum value of 12.25 ppm Mo over the interval 369.0 m to 371.0 m.  All other elements were of low tenor.

  Drill hole TRNDH031 was drilled 220 m northeast of hole TRNDH023 in an easterly direction (083°) at -60° to test an interval of elevated Cu-Au-Mo-S-Te-Ag and depletion in Mn-Zn at the bottom of drill hole TRNDH025 and a zone of biotite (potassic) alteration interpreted to plunge to the northwest of TRNDH023.  TRNDH031 intersected multiple volcanic and sedimentary lithologies with pervasive biotite ± magnetite or K-feldspar, typical of potassic alteration and lesser silica-sericite-albite alteration.  Sporadic porphyry style quartz-pyrite-chalcopyrite veins were observed down the hole with maximum assay values being 1.7 m at 783 ppm Cu, 0.015 g/t Au and 4.93 ppm Mo from 572.3 m to 574.0 m.

 
Click Image To View Full Size

  Figure 1:  Trangie drill hole location map showing previously drilled Inflection holes (black), including TRNDH023 and TRNDH032 and the planned holes (yellow) on an aeromagnetic map (RTP-1VD).

Click Image To View Full Size

  Figure 2:  Drill core photo from Trangie hole TRNDH032 showing skarn-style alteration characterized by localized garnet-pyroxene-magnetite assemblages with retrograde chlorite-epidote overprinting.  The interval from 190.0 m to 193.0 m returned 3.0 m grading 7.72 g/t gold.

  Trangie Project - Next Steps:

Eighty-three air-core drill holes (Figure 1) are planned for the Trangie project, focused on the area around hole TRNDH023 and the recently discovered zone in TRNDH032 where high-grade gold and elevated copper values were intersected.  Drilling is scheduled to commence in February once the requisite permits and landowner access agreements are fully in place.

  Following the identification of several areas of priority interest in the broader Trangie district, the decision was made to grid drill an area of approximately 15 km² on approximately 250 metre centres, with the objective of infilling areas where the Company has limited or no data.  This first-pass drilling and geochemical dataset is expected to be highly effective for mapping discrete zones of alteration and mineralisation across the district.  Inflection will draw on its in-depth technical expertise from other gold-copper deposits in New South Wales to analyze and interpret the data collected from this program.

  The Company has commenced land access discussions and permitting for the drilling.  The drill program will consist of air-core drilling, a cost-effective and efficient technique to collect lithological and geochemical data from the prospective Ordovician basement sequence, which should provide valuable vectors for deeper drilling.  

  Air-core is an inexpensive rotary drilling method that uses compressed air instead of drilling fluids to remove rock cuttings from the drill hole.  The drill bit fractures the rock into small chips and chunks, which are then blown back up through the hollow drill rods to surface by high-pressure air.  This creates a continuous stream of bedrock material that geologists collect and analyze, allowing explorers to map lithology, mineralisation and alteration.  These results help determine where more detailed and expensive, deeper drilling is warranted.

  Nyngan, Duck Creek and Crooked Creek Phase II Drilling:

Nyngan:  Two holes totalling 675.8 m were drilled on the Nyngan project to test discrete, circular aeromagnetic high targets located approximately 4 km southeast of previous Inflection drilling.  Hole NYNDH003 was drilled to the south (180°) at -70° and intersected basement at 236.5 m, where it intersected sandy, matrix-supported polymictic conglomerate and andesite, which is variably hematite altered to the bottom of the hole at 327.3 m.  Assay results were low tenor for copper and gold.  Hole NYNDH004 was drilled to the south (180°) at -70° and intersected two porphyritic felsic intrusions without any sulphide or quartz vein development.  All assays were low tenor.  

Duck Creek:  Hole REEDH001 was drilled to the east (090°) at -70° into a standalone magnetic target on the Duck Creek project to test a zone of elevated aeromagnetic data.  The hole intersected basement at a depth of 380.0 m and was terminated at 427.0 m after intersecting fine-grained limestone and calcareous sandstone intruded by a magnetic andesite.  No sulphides or quartz veins where intersected and all assays were of low tenor.

  Crooked Creek:  One hole, CCKDH001, totalling 386.0 m, was drilled into a standalone magnetic target on the Crooked Creek license.  The upper part of the hole intersected native copper in andesite; however, no sulphides were found in the chlorite-altered andesite.  All assay results returned were of low tenor.

 
Click Image To View Full Size

  Figure 3:  Map showing the location of the recent drill holes referenced in this release.

  Details of the AngloGold Ashanti Earn-in Agreement:

Phase II:

AngloGold Ashanti can earn an initial 51% interest in four Designated Projects (Trangie, Nyngan, Crooked Creek and Duck Creek) by sole funding expenditures of AUD$7,000,000 on each project within 36 months (Table 1).  If AngloGold Ashanti does not elect to complete the Phase II earn-in expenditure for a given Designated Project, Inflection will retain 100% ownership of the project with no interest earned by AngloGold Ashanti.

Phase III:

Upon completion of Phase II, AngloGold Ashanti may elect to earn an additional 14% interest in each Designated Project (for a total 65% interest) by sole funding additional expenditures of AUD$20,000,000 on each Designated Project within 24 months.  If AngloGold Ashanti initiates but does not complete Phase III, then its ownership interest in the Designated Project will revert to 49%, which Inflection retains the right to purchase at a mutually agreed price or for fair value if a price cannot be mutually agreed within a specified period.

Phase IV:

Upon completion of Phase III, AngloGold Ashanti retains the right to earn a further 10% interest in each Designated Project (bringing its potential ownership interest to 75%) by completing the following:

Delivering to Inflection a Pre-Feasibility Study (“PFS”) in accordance with the CIM Definition Standards on Mineral Resources and Ore Reserves based on a minimum 2,000,000 ounces of gold or gold-copper equivalent Measured and Indicated resources within 36 months after AngloGold Ashanti provides notice to move to Phase IV; and 

Granting to Inflection a 2% net smelter return (“NSR”) royalty on the applicable Designated Project; provided, however, that if the Designated Project has any existing underlying royalties, Inflection will be granted a 1% NSR.  AngloGold Ashanti will have the right to buy back 0.5% of any 2% NSR and 0.25% of any 1% NSR in respect of all or a portion of the respective Designated Project for fair value at any time. 

Click Image To View Full Size

  Completion of PFS must include a minimum resource of two million ounces of gold or gold-copper equivalent Measured and Indicated resources per project. 

All expenditure timelines can be accelerated. 

About Inflection’s NSW Projects:

The Company is systematically exploring for large copper-gold and gold deposits in the northern interpreted extension of the Macquarie Arc, part of the Lachlan Fold Belt in New South Wales.  The Macquarie Arc is Australia’s premier porphyry copper-gold province being host to Newmont Mining’s Cadia deposits, Evolution Mining’s Northparkes and Cowal deposits plus numerous exploration prospects, including Boda, a discovery made by Alkane Resources.

  The Company uses cost-effective air-core or mud-rotary drilling to cut through unmineralised post-mineral sedimentary cover with a dual-purpose mud-rotary / diamond-core rig before transitioning to diamond core drilling once the mud-rotary drilling reaches basement.  It is well documented that mineralised bodies elsewhere in the belt, in particular porphyry and intrusive-related systems, have relatively large district-scale alteration and geochemical halos or footprints surrounding them.

  Qualified Person and Sampling Quality Control:

The scientific and technical information contained in this news release has been reviewed and approved by Mr. Carl Swensson (FAusIMM), a “Qualified Person” (“QP”) as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects.  Mr. Swensson is not independent, as he is a director of the Company’s subsidiary and a shareholder of the Company.

  Drilling was conducted using a truck-mounted multi-purpose drill rig.  Mud-rotary drilling was utilised to drill through the cover sequence before transitioning to diamond drilling using NQ-sized core at the unconformity.  Core is logged at the Company’s field office, photographed and marked before being cut to the Company’s specified sample intervals.  Half-core samples are placed in bags with internationally certified blanks and standards inserted.  Samples are dispatched to ALS Laboratories in Orange, an accredited analytical laboratory meeting ISO/IEC 17025:2005 and ISO 9001:2015. ALS prepares samples by crushing and grinding via methods CRU-31 and PUL-32a respectively.  The pulps are then assayed for 64 elements via method ME-MS61r using a 25g sample after a four-acid near-total digest with an ICP-MS finish.  Gold, platinum and palladium will be assayed by fire assay using method PGM-ICP23 using a 30 g sample charge and an ICP-MS finish. Laboratory standards and QA/QC are monitored by the Company using Oreas Certified Reference Materials.  Coarse rejects will be subjected to short-wave near-infrared spectral analysis which provides detailed confirmation of the hydrothermal alteration present and is imperative for vectoring towards to a mineralised porphyry system.

  About Inflection Resources Ltd.

Inflection is a gold-copper focused mineral exploration company listed on the Canadian Securities Exchange under the symbol “AUCU”, on the OTCQB under the symbol “AUCUF” and on the Frankfurt Stock Exchange under the symbol “5FJ”, with projects in New South Wales and the Northern Territory, Australia.  For more information, please visit the Company website at www.inflectionresources.com.

  About AngloGold Ashanti Plc

AngloGold Ashanti Plc is a global gold mining company with a diverse, high-quality portfolio of operations, projects and exploration activities across ten countries on four continents.  Headquartered in Denver, in the United States, AngloGold Ashanti has its primary listing on the New York Stock Exchange and secondary listings in South Africa and Ghana.  For more information, please visit the company website at www.anglogoldashanti.com.

  NewQuest Capital Group

Inflection is part of the NewQuest Capital Group, an entrepreneurial, discovery-driven investment group that builds value through the incubation and financing of early-stage mineral exploration projects globally.  Further information about NewQuest can be found at www.nqcapitalgroup.com.

   FORWARD-LOOKING STATEMENTS

This news release includes certain forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein including, without limitation, statements regarding future exploration expenditures by AngloGold Ashanti, amount of drilling, commencement and cost of exploration programs in respect of the Company's projects and mineral properties, AngloGold Ashanti’s anticipated funding of the Phase II Exploration Expenditures and timing thereof, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Often, but not always, forward looking information can be identified by words such as "pro forma", "plans", "expects", "may", "should", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "believes", "potential" or variations of such words including negative variations thereof, and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors include, among others, statements as to the anticipated business plans and timing of future activities of the Company, including the Company's exploration plans. the proposed expenditures for exploration work thereon, the ability of the Company to obtain sufficient financing to fund its business activities and plans, delays in obtaining governmental and regulatory approvals (including of the Canadian Securities Exchange), permits or financing, changes in laws, regulations and policies affecting mining operations, the Company's limited operating history, currency fluctuations, title disputes or claims, environmental issues and liabilities, as well as those factors discussed under the heading "Risk Factors" in the Company's prospectus dated June 12, 2020 and other filings of the Company with the Canadian Securities Authorities, copies of which can be found under the Company's profile on the SEDAR+ website at www.sedarplus.ca.  Readers are cautioned not to place undue reliance on forward-looking statements.  The Company undertakes no obligation to update any of the forward-looking statements, except as otherwise required by law.

HomeStock IdeasQuick Picks & Lists

SummaryCopper miners and developers remains are largest single investment theme.Copper enters 2026 against a structurally tight physical backdrop shaped by both transient disruptions and persistent supply constraints.Strong US imports continue to draw metal into COMEX warehouses, tightening conditions elsewhere and effectively converting US inventories into a quasi-strategic reserve. FabrikaCr/iStock via Getty Images

The following segment was excerpted from the Massif Capital Q4 2025 Letter To Investors.

Copper (29% of Portfolio, 24% in 4 Core Positions, remaining in trading or starter positions)

Copper miners and developers remains are

While many major cryptocurrencies moving sideways, Decred (DCR) pushed sharply higher, rising more than 17% and becoming one of the session’s strongest performers. DCR didn’t wait for the rest of the market to make up its mind. 

Why Decred Started Moving NowFor months, Decred price traded in a narrow range, with volatility steadily fading and participation thinning out. During that period, supply dynamics quietly tightened. A large chunk of DCR remains staked, limiting the amount available on the open market. At the same time, the project’s governance-driven approach kept treasury spending controlled, avoiding the dilution concerns that often weigh on older assets.

That combination left DCR lightly positioned. When buyers finally stepped in, there simply weren’t many sellers left to absorb the demand. Currently DCR price trades close to the immediate supply zone of $28-$30, which if surpasses a major rally would be seen ahead.

Decred (DCR) Breaks Out as Structure FlipsDecred’s price chart shows a clear transition from compression to expansion. For the past few months, DCR price has been trading in downtrend, forming a falling wedge pattern. With the beginning of 2026, DCR succeeded in breaching the trendline barrier and gained momentum. Thereafter, DCR showed signs of accumulation and built a base around $20.

After base formation, DCR started moving higher and gained traction. Now, DCR is set to spread its next bullish leg, eyeing $50 as the major target for the next sessions. The short-term moving averages curl upwards, underlining that DCR price structure flipped positive and a massive rally is unfolding now, outperformance ahead.

As long as the DCR price stays above $22, the technicals favor continuation and further upward move may push DCR toward $30 followed by $50 in the near term. While a drop below $22 would invalidate the bullish thesis and may lead to consolidation move around $20 ahead.

Overall, Decred’s price rally is less about momentum and more about structure finally asserting itself. With supply tight, sellers muted, and price holding above key EMAs, DCR has shifted from a forgotten chart to one the market can no longer ignore.

Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

Investment Disclaimer:All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.

Sponsored and Advertisements:Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.

Key NotesAlmost 44,000 ETH left CEXs over the past 24 hours.Analyst says ETH must hold above $3,085 to remain in the bullish zone.Data shows that more people are using Ethereum than ever before. . After a week of bullish consolidation, Ethereum ETH $3 206 24h volatility: 3.5% Market cap: $387.00 B Vol. 24h: $26.81 B saw a sharp decline due to the new tariff threats from US President Donald Trump, but investors continued their accumulation nonetheless.

According to data from CoinGlass, the leading altcoin recorded a net outflow of 43,990 ETH, worth roughly $140.6 million, from leading centralized exchanges, including a 17,780 ETH outflow from Binance, over the past 24 hours.

This brings the weekly accumulation to 239,200 ETH, currently worth $766 million.

The CEX net outflows show that the long-term investor optimism is much higher than that of short-term traders.

Ethereum (ETH) price touched a local high of almost $3,400 last week. But due to the latest market-wide selloff, ETH is now trading at $3,200.

The latest bearish momentum in the crypto market came after Trump announced new tariffs of 10% on goods from eight European countries unless they agree to let the US pursue a deal on Greenland.

Ethereum’s Fundamental Growth Crypto analyst Ali Martinez says that Ethereum would need to hold above $3,085 to “have a chance of a bullish breakout.”

$3,085.

That’s the level Ethereum $ETH needs to hold to have a chance of a bullish breakout. https://t.co/W9cA0qcRgM pic.twitter.com/tmS88G0lhQ

— Ali Charts (@alicharts) January 19, 2026

Martinez, in his X article, pointed out Ethereum’s network and user growth, which have strongly brought momentum to the leading altcoin.

He wrote that Ethereum’s daily active addresses have doubled to over 800,000 over the past two weeks.

On Jan. 16, Coinspeaker reported that Ethereum’s month-over-month onchain activity also doubled from 4 million to 8 million active addresses over the past 30 days.

Moreover, about 2.5 million transactions per week are happening on average on Ethereum. That’s the highest level ever, and almost double compared to a year ago.

Ethereum's 7-day moving average transaction volume nears 2.5 million, an all-time high and nearly double from a year ago. Average Gas fees have fallen to ~$0.15 (historical low), with some swaps as low as $0.04. These changes occurred ~7 weeks after the Fusaka hard fork.…

— Wu Blockchain (@WuBlockchain) January 19, 2026

Despite the massive rise in network activity, the network’s average fees dropped to $0.15 (even to as low as $0.04 in some cases), marking an all-time low.

High transaction numbers mean people are actually using Ethereum, not just holding ETH and waiting for the price to go up. Now, with fees under $0.20, Ethereum becomes usable for small payments, stablecoin transactions, and everyday applications.

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

Cryptocurrency News, News

Wahid has been analyzing and reporting on the latest trends in the decentralized ecosystem since 2019. He has over 4,000 articles to his name and his work has been featured on some of the leading outlets including Yahoo Finance, Investing.com, Cointelegraph, and Benzinga. Other than reporting, Wahid likes to connect the dots between DeFi and macro on his newsletter, On-chain Monk.

Wahid Pessarlay on X

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Ethereum founder Vitalik Buterin says the network still needs decentralized autonomous organizations (DAOs), as they remain essential to the blockchain’s future. He made his position known in an article he shared on X, emphasizing the need for better DAOs, as the current ones are poorly designed.

Four key reasons DAOs are needed on EthereumButerin argues that the DAO model works technically but fails at governance as it gets captured by whales. 

This loophole allows whales to manipulate the system and creates the same political problems that blockchains are meant to avoid.

He opines that DAOs are not bad in themselves, but the Ethereum network stopped innovating to improve the design. Buterin claims that the current design allows rich holders to dominate decision making, while whales can easily sway votes.

We need more DAOs - but different and better DAOs.

The original drive to build Ethereum was heavily inspired by decentralized autonomous organizations: systems of code and rules that lived on decentralized networks that could manage resources and direct activity, more…

— vitalik.eth (@VitalikButerin) January 19, 2026 According to him, DAOs have become politically fragile, with voting processes now a social drama tainted by intense lobbying. Buterin says this has made people lose faith in the system, with claims that DAOs do not work.

In defense of the system, Buterin says, "We built the wrong kind of DAOs."

The Ethereum founder listed notable reasons why DAOs are essential in the ecosystem. He insisted that DAOs are critical to creating better oracles. Buterin observed that token-based oracles can be manipulated, while human-curated oracles are not truly decentralized. Thus, having DAOs is necessary to coordinate things in a way that is resistant to capture.

Another area is in on-chain dispute resolution, like insurance payouts and contract disagreements. These are subjective by nature, and with DAO, it gives legitimacy to the process. The further relevance of DAOs is in maintaining shared lists and helping to coordinate short-term actions efficiently.

Buterin also believes that DAOs can act as institutional memory to ensure continuity when founding members disappear. The idea is to have them maintain the projects and fund contributors.

You Might Also Like

ZK proofs and AI could improve DAO governance on EthereumAs a way to guarantee improvements to the current setup, Vitalik Buterin suggests zero-knowledge (ZK) proofs. He noted that this will allow private voting and participation while reducing social pressure and manipulation.

Buterin also acknowledged the role of artificial intelligence (AI) to improve things. He, however, kicked against AI being in charge of DAO. Rather, AI should serve as decision-filters and help summarize cluster opinions. Primarily, he advocated that AI should be used to scale human judgment, not replace it.

The Ethereum founder, overall, is calling for improved DAOs that truly serve as institutions with better designs. The focus should be on communication, privacy and human coordination.

Amin Ayan

Crypto Journalist

Amin Ayan

Part of the Team Since

Apr 2025

About Author

Amin Ayan is a crypto journalist with over four years of experience in the industry. He has contributed to leading publications such as Cryptonews, Investing.com, 99Bitcoins, and 24/7 Wall St. He has...

Has Also Written

Last updated: 

8 minutes ago

K33 has rolled out a new crypto-backed lending product, allowing eligible clients to borrow USDC against Bitcoin and other digital assets without selling their holdings.

Key Takeaways:

K33 now offers USDC loans backed by Bitcoin, unlocking liquidity without asset sales. The product leverages K33’s Bitcoin treasury to generate yield and expand services. K33 becomes an early Nordic provider of regulated crypto-backed lending. The launch marks one of the first offerings of its kind in the Nordic region, where access to crypto-collateralized loans has remained limited.

The product enables clients to unlock liquidity while maintaining long-term exposure to digital assets, a feature increasingly sought by investors reluctant to exit positions during periods of market volatility.

K33 Ties Crypto-Backed Loans to Its Bitcoin Treasury StrategyK33 is listed on Nasdaq First North Growth Market and operates as a digital asset brokerage and infrastructure provider serving institutional and high-net-worth clients.

According to K33, the lending service is closely tied to its broader Bitcoin treasury strategy, which aims to deploy balance-sheet assets in ways that support both client needs and internal revenue generation.

“Crypto-backed loans give clients access to liquidity without having to sell assets they believe in for the long term,” said Torbjørn Bull Jenssen, CEO of K33.

He added that the product reflects a disciplined approach to putting the company’s Bitcoin reserves to work rather than holding them passively.

Crypto-backed lending has grown in prominence globally, particularly among firms seeking alternatives to traditional credit markets.

In the Nordic region, however, regulatory caution and limited infrastructure have slowed adoption.

K33’s entry into the space positions it as an early mover offering a regulated, brokerage-backed solution tailored to regional clients.

The company said the loans are designed to serve multiple strategic goals: increasing client engagement, expanding K33’s product suite, and creating a yield-generating use case for its Bitcoin treasury.

By combining brokerage services with balance-sheet-backed products, K33 aims to strengthen its standing as a full-service digital asset firm.

The rollout will begin on a limited basis. K33 is initially onboarding a select group of clients, with broader availability dependent on demand and eligibility assessments.

Interested parties can submit an expression of interest, with loan terms subject to individual review and agreement.

World Liberty Financial Enters DeFi Lending as USD1 Stablecoin SurgesLast week, World Liberty Financial, a decentralized finance project linked to the family of U.S. President Donald Trump, also launched a lending and borrowing platform as its USD1 stablecoin surpasses $3.5 billion in circulating supply.

The new product, World Liberty Markets, allows users to lend and borrow digital assets through a single on-chain marketplace centered on USD1 and the project’s governance token, WLFI.

The lending platform supports collateral including Ether, tokenized Bitcoin, and major stablecoins such as USDC and USDT, with infrastructure powered by Dolomite.

The rollout comes as on-chain lending regains traction following the collapse of centralized crypto lenders in the prior market cycle.

Key NotesHyperliquid held around $9.57 billion in open interest versus $7.34 billion combined across rivals.Traders are increasingly parking risk on Hyperliquid rather than just rotating volume.Despite platform strength, HYPE fell by nearly 8% to $24.15, driven by broader market weakness. Decentralized exchange (DEX) Hyperliquid is once again in the limelight after clocking a massive $40.7 billion in trading volumes last week. As a result, it has managed to move ahead of its competitors like Aster and Lighter. This comes as the demand for leverage and decentralization remains a hot thing in the crypto space.

Hyperliquid Grabs Limelight with Sharp Trading Volume Surge Over the past seven days, Hyperliquid processed roughly $40.7 billion in perpetual futures trading volume, according to CryptoRank. On the other hand, competitors like Aster processed $31.7 billion, and Lighter processed $25.3 billion.

Hyperliquid DEX performance | Source: CryptoRank

Furthermore, as per the image above, the lead is wider in open interest. Hyperliquid recorded about $9.57 billion in open interest, compared with roughly $7.34 billion combined across other major perp DEXs, including Aster, Lighter, Variational, edgeX, and Paradex.

This shows that the Hyperliquid DEX is becoming the key venue for traders. Moreover, the divergence has grown as incentive-driven volume fades on rival platforms. Lighter, which saw trading surge ahead of its airdrop in late December, has slowed sharply since distribution began.

The weekly volume on Lighter dropped nearly threefold from its December peak of more than $600 million. Back during Token2049, BitMEX CEO Stephan Lutz said that perp DEXs rely heavily on incentive-based models that struggle to retain liquidity once rewards normalize.

The slowdown in Lighter’s post-airdrop shows that it is facing a similar challenge. As a result, Hyperliquid is once again gaining strength as incentives on other platforms start to fade quickly.

Why Is HYPE Price Dropping? Despite its operational strength, Hyperliquid’s token HYPE HYPE $24.04 24h volatility: 7.3% Market cap: $5.73 B Vol. 24h: $211.20 M has come under pressure in recent weeks. Although the fundamental demand for Hyperliquid DEX remains intact, the overall tokenomics and unstaking event suggest a different story.

As of press time, the HYPE price is trading 8% down at $24.15, amid a broader crypto market correction. Furthermore, the sell-off also comes due to major unstaking of HYPE tokens ahead.

On-chain data shows that a wallet originally funded via Tornado Cash is set to complete the unstaking of roughly 1.5 million HYPE. In addition, Continue Capital is scheduled to finish unstaking nearly 1.2 million HYPE, with the full amount expected to be received on Jan. 21.

Next week is going to be very interesting for $HYPE.

Two different entities are in the process of unstaking huge amounts of $HYPE.

🔹The large entity funded from Tornado Cash will complete the unstaking of 1.5M $HYPE tokens and will start receiving them tomorrow:

🔹… pic.twitter.com/DitbwekzWV

— DC (@Pedr0_DC) January 18, 2026

In total, more than 3.2 million HYPE, worth over $80 million, is expected to be unstaked over the next five days. Market participants believe that at least the Tornado Cash-linked tranche could be sold. This has triggered further selling pressure on its price.

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

Cryptocurrency News, News

Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.

Bhushan Akolkar on X

Michael Saylor’s hint about a “Bigger Orange” has sent fresh energy through parts of the Bitcoin market. It came after Strategy executed a very large buy, and traders took the message as a sign there may be more accumulation ahead. Short bursts of buying have a way of changing tone on trading floors.

Saylor Signals New Buying Spree According to reports, Strategy purchased more than $1.25 billion in Bitcoin in its latest move, adding thousands of coins to its holdings. That stack has pushed the company closer to a massive total that some sources put near 700,000 BTC.

Markets reacted quickly. Prices nudged higher in the hours after the news, and shares of Strategy were treated by some investors as a way to get extra Bitcoin exposure.

Traders Pounced And Charts Reacted Momentum traders were the first to lean in. They saw the buy as proof that a major corporate buyer still sees value in stacking coins during dips.

Options desks showed increased call buying, and volume spiked on spot desks in New York and Asia. Sentiment grew more positive, but caution remained. Big buys can lift short-term prices, yet they don’t always start long, steady rallies.

₿igger Orange. pic.twitter.com/HI47hMCnui

— Michael Saylor (@saylor) January 18, 2026

Market Reaction And Investor Moves Retail and institutional players both turned their attention to liquidity. Reports note that when one large buyer moves, other firms often reassess their risk and allocation plans.

Hedge funds checked their models. Family offices ran fresh numbers. For some investors, the appeal is simple: owning a scarce asset that an influential buyer keeps adding to can feel reassuring.

BTCUSD now trading at $93,019. Chart: TradingView Corporate Treasuries And Public Perception Corporate cash strategies have been in the spotlight since Strategy first started buying coins. CEOs and boards watch those moves closely, and investors watch boards.

For a public company to keep buying, confidence has to be high enough to risk press questions and regulatory attention. That choice is being watched by analysts who say such buys shape public debate about Bitcoin’s role as part of a company’s balance sheet.

What Analysts Are Watching Analysts are tracking three things: how many coins are being taken off exchanges, whether accumulation is steady or one-off, and how the market digests more large purchases.

On-chain trackers showed notable withdrawals after the reported purchase, which can tighten available supply. Some onlookers cautioned that short-term price jumps can be reversed if selling follows or if macro news turns sour.

A Cautious Ending Note Based on market chatter, the “Bigger Orange” tease is more than a bit of bravado — it is treated as a strategic signal by many market players.

Still, outcomes are far from certain. Buying by a major corporate holder can shift sentiment and squeeze short positions, but markets are shaped by many forces at once.

For now, traders, investors, and watchers will keep an eye on any follow-up moves and how price and liquidity respond in the next sessions.

Featured image from Unsplash, chart from TradingView

Ripple’s XRP recently experienced a major liquidation event, with approximately $522,000 in long positions being liquidated as the cryptocurrency approached the $2 mark. This occurrence has raised concerns among investors and traders due to its significant impact on leveraged positions. The event highlights the volatile nature of cryptocurrency markets, where rapid price movements can lead to substantial financial losses for traders using leverage. As the situation unfolds, market participants are closely monitoring XRP’s price behavior and its potential implications for future trading activity.

XRP, often referred to as the “bankers’ coin,” has been a subject of considerable interest within the cryptocurrency community. Its price behavior, particularly when approaching key psychological levels such as $2, can trigger significant market reactions. In this instance, the liquidation imbalance of 8,700% underscores the risks associated with leveraged trading, where sudden price shifts can lead to a rapid unwinding of positions.

The liquidation event comes amidst broader market dynamics, where cryptocurrencies have displayed increased volatility due to various factors, including macroeconomic conditions and regulatory developments. Market analysts note that such liquidation events are not uncommon in crypto markets, where high leverage and speculation often amplify price movements.

This recent event has also drawn attention to the inherent risks of trading with leverage in highly volatile markets. Traders employing leverage can experience amplified gains, but they are also exposed to heightened risks of substantial losses, as demonstrated by the recent liquidation in XRP. This serves as a reminder of the importance of risk management strategies in trading.

While XRP’s recent price movements have sparked interest, it remains uncertain how the cryptocurrency will perform in the coming weeks. Investors and traders will likely continue to monitor regulatory developments and market sentiment, which could influence XRP’s future price trajectory.

The lack of immediate comment from Ripple or key market players leaves the market to speculate on the potential implications of this liquidation event. The situation underscores the need for caution among investors engaging in leveraged trading, particularly in volatile markets like cryptocurrencies.

As the market processes this recent event, attention is turning to potential regulatory responses and the ongoing evolution of the cryptocurrency landscape. With regulatory scrutiny on the rise, the impact of such events on market dynamics and trader behavior remains a critical area of focus.

The liquidation event serves as a stark reminder of the challenges and risks inherent in cryptocurrency trading, especially when leverage is involved. As the market continues to evolve, participants will need to navigate these complexities with caution and informed decision-making.

Looking ahead, the focus will likely remain on how XRP and other cryptocurrencies respond to ongoing market developments and regulatory changes. The broader implications of such liquidation events may also prompt discussions on the need for enhanced investor education and risk management practices within the cryptocurrency space.

Overall, the recent liquidation of XRP highlights the volatile nature of cryptocurrency markets and the potential risks associated with leveraged trading. As the market adapts to these dynamics, traders and investors will need to remain vigilant and informed to navigate the complexities of the digital asset landscape.

Post Views: 1

Ripple could be building the next generation of financial infrastructure with XRP at the core.

XRP (XRP 3.74%) investors are no strangers to hype, buzz, and speculation. So they're probably not at all surprised by a new investment thesis from a crypto industry insider that positions XRP as the next Amazon (AMZN +0.49%).

This investment thesis is based on careful analysis of nearly $2.5 billion in acquisitions made by Ripple (the company behind the XRP token) over the past year. All of these acquisitions seem to point to one conclusion: Ripple is rapidly building out the infrastructure for a modern, blockchain-based financial system, in which XRP could play a major role.

Amazon, what? Of course, we're not talking about Amazon.com, the e-commerce website that probably accounted for a big chunk of your holiday spending. Instead, we're talking about Amazon Web Services (AWS), the cloud and IT infrastructure subsidiary of Amazon. This is where Amazon makes a big chunk of its money, so it's perhaps no surprise that companies in other industries are looking to replicate this business model.

Today's Change

(

0.49

%) $

1.18

Current Price

$

239.36

According to Jake Claver, CEO of Digital Ascension Group, Ripple's acquisition spree last year was more important than most people realize. In fact, the flurry of dealmaking reminds him a lot of Amazon's decision to launch AWS in 2006.

Image source: Getty Images.

From this perspective, Ripple's multibillion-dollar dealmaking helps to put into place the pillars for new financial infrastructure. XRP and Ripple USD (RLUSD +0.01%), the new stablecoin from Ripple, will help to change the way transactions are settled around the world, and everything will flow through the XRP blockchain ledger.

There's obviously a lot to unpack here. But here's the ELI5 ("explain like I'm 5") version of this investment thesis: Money needs to flow around the world, and there can't be any clogs in the system. What's needed is a way to move money across borders, with as little friction as possible, at all hours of the day or night, at the lowest possible cost. That's what Ripple is trying to do with XRP and the RLUSD stablecoin.

Should you invest in Ripple or XRP? My first instinct was to dismiss this investment thesis entirely. But I think that would be a mistake. The lines between the traditional financial system and the blockchain financial system are blurring, and new winners are bound to emerge. So it's important to understand what big fintech players are trying to fix, and why.

Today's Change

(

-3.74

%) $

-0.08

Current Price

$

1.98

Unfortunately, even if Ripple does manage to execute on its plan, most of the value might end up flowing to Ripple, and not to XRP. That might help to explain why Ripple managed to line up $500 million in financing last year, earning a $40 billion valuation in the process. What Ripple is doing is immensely valuable, and the upside -- in terms of a future valuation -- could be tremendous. The true value of this fintech company might be close to $100 billion.

But what about the price impact on XRP? It's still just a bridge currency for transactions. You don't actually use XRP to pay for anything directly -- you just use it to swap between different fiat currencies. Moreover, XRP's role continues to be usurped by stablecoins, which likely represent a more efficient way to move money across borders.

That might help to explain why the price of XRP is still just $2. In fact, in more than a decade of trading, XRP has never once traded higher than $4. So, even if Ripple really does become the next Amazon, it doesn't mean that XRP is going to go along for the ride.

In brief Privacy coins including Monero, Dash and Dusk are up on the day, despite a wider crypto market slump. Monero's rally was amplified by reports of stolen Bitcoin being converted into Monero, boosting volume in a thin market, Decrypt was told. The gains reflect defensive positioning amid geopolitical uncertainty and a "broader re-rating" of the privacy sector amid increasing on-chain surveillance and regulatory pressure. Privacy-focused cryptocurrencies including Monero and Dash have climbed despite a broader crypto market drop that liquidated nearly $1 billion in positions.

Over the past 24 hours, while Bitcoin dropped 2.3% and most altcoins are down 3% to 10%,  Dash and Monero are up 1.9% and 8.3% respectively, while the privacy coin category is up 4% on the day and 13.1% on the week, according to CoinGecko data. Dash is trading at $81.61, up 119% over the past week. Monero, which hit a new all-time high last Thursday, is trading around $644. Privacy coin DUSK, meanwhile, surged by over 118% in the past day and 354% in the past week.

The recent uptick in privacy tokens “reflects a combination of short-term catalysts and a deeper shift in investor narrative,” Rachel Lin, Co-founder & CEO of SynFutures, told Decrypt. She explained that the rally was amplified after on-chain investigator ZachXBT flagged large amounts of stolen Bitcoin and Litecoin being converted into Monero, “which pushed volumes higher in a relatively thin market and helped drive prices to new highs.”

Privacy repositioningBeyond the short-term triggers, Lin noted a “broader re-rating happening across the privacy sector,” driven mostly by “intensifying global regulations, heightening on-chain surveillance and compliance requirements. Low correlation to Bitcoin is another selling point for investors, she said.

“Privacy coins tend to move counter-cyclically during periods of heightened uncertainty,” Shivam Thakral, CEO of Indian crypto exchange BuyUCoin, told Decrypt, highlighting the ongoing threat of U.S.-EU trade war reemergence. “The recent gains reflect defensive positioning, not speculative excess.”

“Crypto institutionalization has made public blockchains more traceable, not less, creating demand for opt-in privacy,” Thakral said, highlighting this as the key reason why the privacy narrative has remained strong since 2025.

Additionally, the ongoing macroeconomic and geopolitical conditions, along with a push toward increased regulatory and capital controls and data surveillance, have pushed privacy from a niche ideology to a legitimate risk-management feature, the analyst added.

Though Vitalik Buterin, the co-founder of Ethereum, has long been an advocate of privacy, his recent call for privacy and decentralization has added to the narrative’s credibility.

Users of prediction market Myriad, owned by Decrypt’s parent company Dastan, remained optimistic, assigning an 83.7% chance to Bitcoin’s next move taking it to $100,000 rather than $69,000. The probability has largely remained unaffected even after today’s liquidation event.

The exception to the privacy coin surge was Zcash, down 6.8% on the day and 6% on the week after turmoil at the Electric Coin Company earlier this month. Myriad users remain split on its outlook, placing a 51% chance on its next move taking it to $550 rather than $250.

Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.

Ripple is set to unlock another 1 billion XRP from escrow on February 1, marking the company’s second scheduled release of 2026 under its long-standing monthly supply program.

The unlock follows the framework introduced in 2017, which releases XRP on a fixed timetable to provide transparency and limit unexpected supply shocks.

Notably, the February unlock follows Ripple’s release of 1 billion XRP at the start of January. On-chain data shows that Ripple once again re-locked a substantial portion of that supply shortly after it became available, with an estimated 60 to 80% returned to escrow. This significantly reduced the amount of XRP that could enter active circulation.

This relocking behavior has become central to Ripple’s escrow strategy. Although 1 billion XRP is unlocked each month, only a smaller share is typically retained for operational use, including liquidity provisioning and institutional distribution.

The remainder is placed into new escrow contracts, extending the release timeline and constraining near-term supply expansion.

Because the escrow releases are predictable and largely offset by relocking, their direct impact on XRP’s market price has historically been limited. Price movements around unlock periods have tended to align more closely with broader market trends and demand conditions than with the escrow events themselves.

In recent months, XRP’s price has largely traded in tandem with the broader cryptocurrency market, despite the emergence of major catalysts such as the rollout of spot exchange-traded funds (ETFs) in the United States and the resolution of the long-running case between Ripple and the Securities and Exchange Commission.

XRP price analysis  By press time, XRP was trading at $1.98, down more than 4% over the past 24 hours. On a weekly basis, the asset has declined by over 3%.

XRP seven-day price chart. Source: Finbold At the current valuation, XRP is trading just below its 50-day SMA near $2.01 and well under the 200-day SMA around $2.53. This alignment keeps the broader trend tilted to the downside, with the long-term average acting as clear overhead resistance and indicating that bullish momentum has yet to recover.

At the same time, the 14-day RSI at roughly 45 remains neutral, suggesting selling pressure is present but not extreme

Featured image via Shutterstock

Bitcoin came under pressure as large BTC outflows appeared across major exchanges, while social media accounts pointed to heavy selling by whales and trading firms. At the same time, a bearish technical call added to market tension, with traders debating whether recent moves signal deeper downside.

Large BTC outflows hit major venues as DeFiTracer alleges coordinated sellingAn X post from DeFiTracer said “insiders sold 22,918 BTC” and blamed a broad market drop on heavy Bitcoin selling across exchanges and trading firms. The post listed Coinbase at 2,417 BTC, Bybit at 3,339 BTC, Binance at 2,301 BTC, and Wintermute at 4,191 BTC, while claiming whales and exchanges sold more than $4 billion worth of BTC in the last hour.

Bitcoin Outflows List. Source: Arkham

Data shown on Arkham’s Bitcoin flows view reflected large outflows tied to major entities over the selected period, with Bitcoin trading around $92,550 at the time of the display. The list showed a top outflow of about 2,425.1 BTC, while Coinbase appeared near the top with about 2,417.29 BTC in outflows. Binance’s hot wallet also showed about 2,301.61 BTC in outflows, and Bybit hot wallets appeared with outflows including about 1,814.26 BTC and about 1,525.05 BTC.

The Arkham flow figures show wallet movements, but they do not explain intent on their own. Transfers can reflect customer withdrawals, internal wallet rebalancing, custody movements, or other operational activity, and they do not automatically confirm spot selling. As a result, the DeFiTracer claim of a “coordinated dump” remains an allegation, even as the on-chain dashboard showed unusually large BTC outflows linked to major venues.

Bitcoin Bear Flag Call Fuels Fresh Crash DebateMeanwhile, a Bitcoin commentator on X said the “mother of all Bitcoin crashes” has already begun, arguing the latest bounce looks like a trap and not the start of a new uptrend.

Posting under the handle King of the Charts, the user said Bitcoin “already topped and started a bear market,” pointing to weekly moving averages and a bear flag formation as key signals. The post claimed Bitcoin rebounded from the 100 week moving average, then started shaping a continuation pattern that could send price lower if the rally fades.

Bitcoin Weekly Bear Flag Chart. Source: King of the Charts on X

The account said a measured move from the bear flag targets about $61,000, which would pull Bitcoin back toward a lower rising trendline and the 200 week moving average shown on the chart. The user framed that level as a potential “50+%” drop from the prior peak, adding that past bear markets often began with declines of a similar size.

If Bitcoin reaches that zone, the post predicted a stronger rebound could follow, with price recovering toward the 50 week moving average. However, the user argued the current bounce looks smaller, calling it a short relief move before another leg down.

The account also said it turned bearish after what it described as a top on Oct. 6, 2025, citing multiple signals on daily and weekly time frames and resistance at two major trendlines. The claims reflect one trader’s technical view and remain unconfirmed by independent market data.