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Jan 23 (Reuters) - Novo Nordisk's (NOVOb.CO), opens new tab Wegovy pill tracked 18,410 U.S. prescriptions in the first full week after its launch, IQVIA data shared by an analyst on Friday showed.

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NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Amicus Therapeutics, Inc. (NASDAQ: FOLD) to BioMarin Pharmaceutical Inc. for $14.50 per share is fair to Amicus shareholders.

Halper Sadeh encourages Amicus shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or [email protected] or [email protected].

The investigation concerns whether Amicus and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for Amicus shareholders; (2) determine whether BioMarin is underpaying for Amicus; and (3) disclose all material information necessary for Amicus shareholders to adequately assess and value the merger consideration.

On behalf of Amicus shareholders, Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits. We would handle the action on a contingent fee basis, whereby you would not be responsible for out-of-pocket payment of our legal fees or expenses.

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VANCOUVER, British Columbia, Jan. 23, 2026 (GLOBE NEWSWIRE) -- Equinox Gold Corp. (TSX: EQX, NYSE American: EQX) (“Equinox Gold” or the “Company”) completed the previously announced sale of its Aurizona Mine, RDM Mine and Bahia Complex located in Brazil (the “Brazil Operations”) to a subsidiary of the CMOC Group for total consideration of up to $1.015 billion (the “Transaction”). Equinox Gold received cash proceeds of $900 million, before closing adjustments, and will receive a production linked contingent cash payment of up to $115 million on January 23, 2027.

The Company will immediately fully repay its $500 million Term Loan, pay $300 million to extinguish the Sprott Loan and related obligations, and make a payment on its revolving credit facility. This will reduce the Company’s senior debt to approximately $580 million (net debt1 to approximately $150 million) and significantly lower its interest expense. 

Darren Hall, Chief Executive Officer of Equinox Gold, stated: “Monetizing the Brazil Operations has streamlined our portfolio and transformed our balance sheet. Equinox Gold is now well established as a leading North America focused gold producer, with greater financial flexibility to self-fund high return, near term organic growth opportunities and consider capital return initiatives. Our development pipeline has the potential to add 450,000 to 550,000 ounces of incremental annual gold production in the coming years. With a strengthened balance sheet and 2026 consolidated gold production guidance of 700,000 to 800,000 ounces providing robust cash flow generation, we are well positioned to deliver stronger per-share value for our shareholders.”

The Transaction was completed through the sale of the issued and outstanding shares of certain non-Brazilian wholly owned subsidiaries of the Company that indirectly owned the Brazil Operations.

ABOUT EQUINOX GOLD
Equinox Gold (TSX: EQX, NYSE-A: EQX) is a Canadian mining company positioned for growth with a strong foundation of high-quality, long-life gold operations in Canada and across the Americas, and a pipeline of development and expansion projects. Founded and chaired by renowned mining entrepreneur Ross Beaty and guided by a seasoned leadership team with broad expertise, the Company is focused on disciplined execution, operational excellence and long-term value creation. Equinox Gold offers investors meaningful exposure to gold with a diversified portfolio and clear path to growth. Learn more at www.equinoxgold.com or contact [email protected].

EQUINOX GOLD CONTACT
Ryan King
EVP Capital Markets T: 778.998.3700
E: [email protected]
E: [email protected]

Note:
1 Cash as at December 31, 2025 of $430 million; excludes in-the-money convertible notes.

Cautionary Notes & Forward-Looking Statements
This news release includes forward-looking information and forward-looking statements within the meaning of applicable securities laws and may include future-oriented financial information or financial outlook information (collectively “Forward-looking Information”). Actual results of operations and the ensuing financial results may vary materially from the amounts set out in any Forward-looking Information Forward-looking Information in this news release includes: the Company’s strategic vision and expectations for exploration potential, production capabilities, growth potential, expansion projects and future financial or operating performance, including shareholder returns; realization of the contingent cash consideration; expectations for Greenstone and Valentine operations, including achieving design capacity, anticipated production and cost guidance; potential future mining opportunities around Valentine; receipt of required approvals and permits and effectiveness of the FAST-41 designation for Castle Mountain Phase 2; and the Company’s ability to improve cash flow and continue to reduce debt. Forward-looking Information is typically identified by words such as “believe”, “will”, “achieve”, “grow”, “plan”, “expect”, “estimate”, “anticipate”, “deliver”, “execute” and similar terms, including variations like “may”, “could”, or “should”, or the negative connotation of such terms. While the Company believes these expectations are reasonable, they are not guarantees and undue reliance should not be placed on them. Forward-looking Information is based on the Company’s current expectations and assumptions, including: achievement of exploration, production, cost and development goals; completion and ramp up at Valentine; achieving design capacity at Greenstone and Valentine operations; timely receipt of Castle Mountain permits and completion of Castle Mountain Phase 2; stable gold prices and input costs; availability of funding, accuracy of Mineral Reserve and Mineral Resource estimates; successful long-term agreements with Los Filos communities and management of suspended operations; adherence to mine plans and schedules; expected ore grades and recoveries; absence of labour disruptions or unplanned delays; productive relationships with workers, unions and communities; maintenance and timely receipt of permits and regulatory approvals; compliance with environmental and safety regulations; and constructive engagement with Indigenous and community partners. While the Company considers these assumptions reasonable, they may prove incorrect. Forward-looking Information involves numerous risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such Forward-looking Information. Such factors include changes in laws, regulations and government practices; and other risks and uncertainties described in the section “Risk Factors” in the Company’s MD&A dated March 13, 2025 for the year ended December 31, 2024, and in the section titled “Risks Related to the Business” in Equinox Gold’s most recently filed Annual Information Form which is available on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov/edgar and in the section “Risk Factors” in Calibre Mining’s MD&A dated February 19, 2025 for the year ended December 31, 2024 and the section titled “Risk Factors” in Calibre Mining’s most recently filed Annual Information Form which is available on SEDAR+ at www.sedarplus.ca. Forward-looking Information reflects management’s current expectations for future events and is subject to change. Except as required by applicable law, the Company assumes no obligation to update or to publicly announce the results of any change to any Forward-looking Information contained or incorporated by reference to reflect actual results, future events or developments, changes in assumptions or other factors affecting Forward-looking Information. If the Company updates any Forward-looking Information, no inference should be drawn that the Company will make additional updates with respect to those or other Forward-looking Information. All Forward-looking Information contained in this news release is expressly qualified by this cautionary statement.

Area of AuRORA Now Measures 1.4 km by 0.8 km

Deposit Remains Open to Expansion

+4 km2 NWG Target Area that Hosts AuRORA Shows More Potential

VANCOUVER, BC / ACCESS Newswire / January 23, 2026 / Amarc Resources Ltd. ("Amarc" or the "Company") (TSXV:AHR)(OTCQB:AXREF) is pleased to announce all remaining assay results from the 2025 expansion drilling at the AuRORA Deposit. The AuRORA Deposit hosts high grade near surface, copper-gold-silver ("Cu-Au-Ag") mineralization that has exceptional vertical and lateral continuity (see Amarc releases January 17, 20 and February 28, 2025) and remains open to further expansion to the north, east, south and southwest. Amarc believes the rare combination of high grade near surface geometry and emerging scale at AuRORA are the hallmarks of a Tier One asset in the making.

Twenty-four core holes (9,687 m) were completed at the AuRORA Deposit in 2025 of which 23 are expansion step-out holes. Eleven of these holes have already been announced and assay data from the remaining 12 expansion holes is provided in this release. These holes show similar host rocks, alteration and mineralization types to those previously reported. Mineralization at AuRORA has now been intercepted over an area of 1.4 km by 0.8 km (Figure 1).

"Amarc remains highly focused on disciplined, discovery-driven growth and on advancing its assets in a manner that maximizes the creation of shareholder value," said Amarc's President and CEO, Dr. Diane Nicolson. "A year ago, Amarc announced the discovery of the exciting new, high grade near surface, gold-rich AuRORA Deposit in the JOY District. AuRORA has rewritten the exploration playbook in the Toodoggone and stands as one of the most important recent porphyry copper-gold discoveries in British Columbia. With the hallmarks of a Tier One asset in the making, AuRORA is integral to bringing rapidly forward the potential of the JOY District and stands to be the key to the emergence of a world-class porphyry copper-gold district in the Toodoggone."

AuRORA Deposit Expanded to the North

Results previously announced in late 2025 from eight holes completed on Sections 8000N, 8100N and 8200N successfully expanded AuRORA +300 m to the north (Figure 1, and Amarc releases November 3 and December 10, 2025). Today, we are announcing drill hole JP25119 located on Section 8300N, which has expanded AuRORA a further +100 m to the north (Figures 1 and 2, and Tables 1 and 3), for a cumulative +400 m northern extension of the deposit in 2025. This sector of the Deposit requires further drilling.

The Cu-Au-Ag mineralization in JP25119 occurs well outside the strong magnetic high that hosts the high grade AuRORA mineralization discovered in 2024. Significant grade intersections (117 m of 0.19% Cu, 0.49 g/t Au and 2.2 g/t Ag including 93 m of 0.20% Cu, 0.54 g/t Au and 2.4 g/t Ag; and 98 m of 0.13% Cu, 0.52 g/t Au and 2.6 g/t Ag, Table 1) in JP25119, occur in rock with a comparatively weak magnetic signature and outside of the main core of Induced Polarization ("IP") chargeability responses. The recognition that mineralization is not restricted to magnetic highs or the strongest IP chargeability responses in the JOY District opens up exciting potential for further discovery and development of a world class porphyry Cu-Au district at JOY.

Also, even further to the north, a single large step out scout hole (JP25120) was completed +500 m to the east-northeast of hole JP25119, and some 350 m north of AuRORA hole JP25103 on Section 8200 N (Figures 1 and 2). This hole, which was targeted on a magnetic high within the comparatively lower contrast area of the NWG Target IP chargeability anomaly, intercepted significant Cu-Au-Ag mineralization at depth (33 m of 0.22% Cu, 0.58 g/t Au and 5.4 g/t Ag; and the last 36 m of the hole returned 0.29% Cu, 0.28 g/t Au and 5.9 g/t Ag, Table 1). This was the last hole underway on JOY in 2025. It was terminated prematurely in strong mineralization due to 2025 drill program demobilization constraints. Additional drilling is required to establish if this hole represents expansion of the AuRORA Deposit to the northeast or is another potential deposit.

AuRORA Deposit Expanded to the East and Southeast

Results from three holes announced in 2025 on Sections 7900N and 7600N successfully expanded AuRORA approximately 200 m to the east and 300 m to the southeast (Figure 1). Today's results are from seven additional drill holes located on Sections 7800N, 7700N, 7600N, 7400N and 7450N (Figures 1, 3 and 4, and Tables 1 and 3), which have cumulatively expanded the AuRORA Deposit from the 2024 discovery drilling 550 m to the east, +500 m to the southeast and 50 m to the south. AuRORA remains open to expansion in each of these directions. This sector of the Deposit requires further drilling.

Like hole JP25119 that extends AuRORA to the north, it should be noted that Cu-Au-Ag mineralization intersected in holes JP25096 (42 m of 0.11% Cu, 0.36 g/t Au and 2.9 g/t Ag; and 80 m of 0.24% Cu, 0.27 g/t Au and 3.2 g/t Ag), JP25097 (134 m of 0.18% Cu, 0.32 g/t Au and 2.8 g/t Ag), JP25102 (38 m of 0.11% Cu, 0.59 g/t Au and 2.4 g/t Ag; and 91 m of 0.18% Cu, 0.31 g/t Au and 4.1 g/t Ag), JP25112 (75 m of 0.31% Cu, 0.22 g/t Au and 7.7 g/t Ag), JP25118 (85 m of 0.23% Cu, 0.20 g/t Au and 4.8 g/t Ag including 22 m of 0.34% Cu, 0.28 g/t Au and 4.7 g/t Ag) and JP25115 (115 m of 0.29% Cu, 0.26 g/t Au and 3.1 g/t Ag) again occurs well outside the strong magnetic high that hosts the AuRORA mineralization discovered in 2024.

Of note in this area of AuRORA, five drill holes have returned significant molybdenum ("Mo") which, like Cu is a Critical Mineral. Long intercepts of 133 to 356 ppm Mo (Table 2) were encountered, for example, hole JP25112 returned 165 m of 0.22% Cu, 0.19 g/t Au, 5.3 g/t Ag and 292 ppm Mo. Further drilling in this sector of the Deposit is required to determine the extent and significance of the Mo mineralization.

AuRORA Deposit Expanded to the Southwest

Results from three holes - JP25087 (66 m of 0.25% Cu, 0.65 g/t Au and 2.7 g/t Ag) on Section 7700N, and JP25088 (75 m of 0.33% Cu, 0.76 g/t Au and 3.6 g/t Ag) and JP25090 (48 m of 0.15% Cu, 0.42 g/t Au and 1.3 g/t Ag) on Section 7600N have expanded AuRORA 125 m to the southwest (Figures 1, 3 and 4, and Table 1). AuRORA remains open to expansion to the southwest. This sector of the Deposit requires further drilling.

New Potential in Northwest Gossan ("NWG") Target

Hole JP25114 drilled 550 m south of the AuRORA Deposit within the NWG Target area (Figures 1 and 4), intercepted promising Au-Ag-Cu mineralization (12 m of 0.40 g/t Au and 0.5 g/t Ag; and 74 m of 0.05% Cu, 0.92 g/t Au and 0.6 g/t Ag). These strongly anomalous Au grades may mimic the anomalous Au concentrations in plumes observed above the Kemess East Cu-Au Porphyry Deposit in the Kemess Mining District 1 located adjacent to the south of the JOY District, where the plumes overlie the main porphyry centres below.

Hole JP25114 was drilled to test rock chip sampling of gossanous outcrop in non-selective samples that returned significant concentrations of Au (20 ppb to 390 ppb) and Ag (0.1 ppm to 0.6 ppm) within the NWG IP chargeability anomaly (Figure 1). It is noted that a similar Au and Ag anomaly exists at surface vertically above the mineralized zone in hole JP25118 on Section 7700N (Figures 1 and 3, and Table 1). This area, and other locations with similar Au and Ag concentrations in surface rock chip samples within the NWG IP chargeability target area require drill testing for additional porphyry Cu-Au centres.

JOY District drilling in 2024 and 2025 now totals 75 drill holes (32,624 m). Of this total, 45 holes (17,586 m) have been completed at AuRORA and 31 holes (14,678 m) were completed across the District. Thirty-five holes (15,381 m) were drilled at JOY in 2025; of these, assay results from 10 holes drilled across the District are now being compiled for release shortly.

Figure 1 (Drill Plan Map): AuRORA Deposit Discovery High Grade Near Surface, Exceptional Continuity, Deposit Continues to be Open to Expansion

Figure 2 (Sections 8400N, 8300N, 8200N and 8100N): AuRORA Deposit Discovery 2025 Step-out Drilling is Discovering
More Open-Ended, Continuous Mineralization

Figure 3 (Sections 8000N, 7900N, 7800N and 7700N): AuRORA Deposit Discovery 2025 Step-Out Drilling is Discovering More Open-Ended, Continuous Mineralization

Figure 4 (Sections 7600N, 7500N, 7450N and 6900N): AuRORA Deposit Discovery 2025 Step-Out Drilling is Discovering More Open-Ended, Continuous Mineralization

Table 1: AuRORA Porphyry Cu-Au-Ag Deposit Expansion

Sections 8400N, 8300N, 7800N, 7700N, 7600N, 7500N, 7450N and 6900N

Section

Drill

Hole

Incl.

From

(m)

To

(m)

Int. 1,2,3

(m)

Au

(g/t)

Cu

(%)

Ag

(g/t)

8400N

JP25120

564.00

597.00

33.00

0.58

0.22

5.4

639.50

675.40

35.90

0.29

0.28

5.9

8300N

JP25119

461.00

577.65

116.65

0.49

0.19

2.2

Incl.

470.00

563.00

93.00

0.54

0.20

2.4

602.00

700.00

98.00

0.52

0.13

2.6

Incl.

602.00

627.53

25.53

0.93

0.21

2.5

7800N

JP25102

308.00

346.05

38.05

0.59

0.11

2.4

376.70

468.00

91.30

0.31

0.18

4.1

7700N

JP25087

78.00

243.00

165.00

0.38

0.16

1.7

Incl.

162.00

228.00

66.00

0.65

0.25

2.7

JP25096

182.75

225.00

42.25

0.36

0.11

2.9

257.00

336.50

79.50

0.27

0.24

3.2

JP25118

240.00

477.00

237.00

0.19

0.15

2.9

Incl.

327.00

412.40

85.40

0.20

0.23

4.8

Incl.

422.50

444.00

21.50

0.28

0.34

4.7

7600N

JP25088

194.00

300.00

106.00

0.62

0.27

3.1

Incl.

213.00

288.00

75.00

0.76

0.33

3.6

JP25090

117.00

279.40

162.40

0.22

0.10

0.9

Incl.

192.00

240.00

48.00

0.42

0.15

1.3

JP25097

144.00

278.45

134.45

0.32

0.18

2.8

Incl.

180.00

278.45

98.45

0.30

0.22

3.5

and

180.00

231.00

51.00

0.35

0.23

3.4

JP25112

270.00

435.00

165.00

0.19

0.22

5.3

Incl.

360.00

435.00

75.00

0.22

0.31

7.7

7500N

JP25092

207.00

273.00

66.00

0.12

0.12

1.7

Incl.

210.00

249.00

39.00

0.13

0.16

2.0

7450N

JP25115

213.00

289.7 4

76.70

0.20

0.15

3.3

303.00

417.80

114.80

0.26

0.29

3.1

6900N

JP25114 5

27.00

39.00

12.00

0.40

0.00 6

0.6 7

96.00

169.55

73.55

0.92

0.05

0.6

Notes to Table 1:

Widths reported are drill widths, such that true thicknesses are unknown.

All assay intervals represent length-weighted averages.

Some figures may not sum exactly due to rounding.

Drill hole JP25115 interval 234-235.2 m comprised broken ground, no core was recovered, and it was therefore averaged at zero grade.

Drilled in Northwest Gossan (NWG) Target.

Value rounded to two decimal places; underlying result for Cu (%) is 0.0049%.

Values rounded to one decimal place; underlying results for Ag (g/t) are 0.55 and 0.62, respectively.

Drill hole JP25101 was lost and redrilled at JP25103 which was previously released.

Table 2: AuRORA Porphyry Cu-Au-Ag Deposit Drill Holes from the

Southeast Area with Significant Mo

Drill
Hole

From
(m)

To
(m)

Int. 1,2,3
(m)

Au
(g/t)

Cu
(%)

Ag
(g/t)

Mo
(ppm)

JP25098 4

223.00

289.00

66.00

0.49

0.18

4.8

133

JP25102

321.00

346.05

25.05

0.65

0.14

3.1

167

376.70

468.00

91.30

0.31

0.18

4.1

139

JP25112

270.00

435.00

165.00

0.19

0.22

5.3

292

JP25115

222.00

289.70

67.70

0.19

0.16

3.2

251

300.00

378.00

78.00

0.24

0.30

3.3

356

JP25118

264.00

369.00

105.00

0.24

0.12

2.7

164

Notes to Table 2: 1, 2 and 3, see Table 1

4. Drill Hole JP25098 was previously released.

About Amarc Resources Ltd.

Amarc is a mineral exploration and development company with an experienced and successful management team focused on developing a new generation of long-life, high-value porphyry Cu-Au mines in BC. By combining high-demand projects with dynamic management, Amarc has created a solid platform to create value from its exploration and development-stage assets.

Amarc is advancing the JOY, DUKE and IKE porphyry Cu±Au Districts located in different prolific porphyry regions of northern, central and southern BC, respectively. Each District represents significant potential for the development of multiple and important-scale, porphyry Cu±Au deposits. Importantly, each of the three districts are located in proximity to industrial infrastructure - including power, highways and rail.

Freeport-McMoRan Mineral Properties Canada Inc. ("Freeport"), a wholly owned subsidiary of Freeport-McMoRan Inc. at JOY and Boliden Mineral Canada Ltd. ("Boliden"), an entity within the Boliden Group of companies at DUKE, can earn up to a 70% interest in each District through staged investments of CAD $110 million and CAD $90 million, respectively. Together, this provides Amarc with potentially up to CAD $200 million in non-share dilutive staged funding for these Districts. In addition, Amarc completed self-funded drilling at its Empress Cu-Au Deposit in the IKE District in 2024. Amarc is the operator at the DUKE and IKE Districts.

The CAD $16+ million JOY exploration program expenditures in 2025 were 100% funded by Freeport. As previously announced (Amarc May 29, 2025 and September 4, 2025 releases), Freeport has completed Stage 1 requirements under the May 2021 JOY agreement, earning a 60% interest by spending CAD $35 million, and has elected to proceed to Stage 2to earn a further 10% interest by spending an additional CAD $75 million within 5 years at a rate of no less than CAD $10 million per year. While Freeport is now the Operator of JOY, Aurora Minerals Ltd., the joint venture company is currently owned by Freeport (60%) and Amarc (40%), has appointed Amarc as the primary contractor to continue to manage the JOY exploration programs under a separate Services Agreement.

Amarc's exploration is led by an internationally successful team of experienced geologists specializing in porphyry Cu-Au deposits. Members of this team have been involved in and have tracked porphyry Cu-Au exploration advancements in the Toodoggone region since 1990. Their experience and early recognition of the porphyry potential at the NWG Target in terms of a shallowly overburden covered and underexplored transitional epithermal-porphyry geological setting, led to the discovery of the Au-rich AuRORA porphyry Cu-Au-Ag Deposit.

Amarc is associated with HDI, a diversified, global mining company with a 35-year history of porphyry Cu deposit discovery, development and transaction success. Previous and current HDI projects include some of BC's and the world's most important porphyry deposits - such as Pebble, Mount Milligan, Southern Star, Kemess South, Kemess North, Gibraltar, Prosperity, Xietongmen, Newtongmen, Florence, Casino, Sisson, Maggie, PINE, IKE, DUKE and AuRORA. From its head office in Vancouver, Canada, HDI applies its unique strengths and capabilities to acquire, develop, operate and monetize mineral projects.

Amarc works closely with local governments, Indigenous groups and stakeholders in order to advance its mineral projects responsibly, and in a manner that contributes to sustainable community and economic development. We pursue early and meaningful engagement to ensure our mineral exploration and development activities are well coordinated and broadly supported, address local priorities and concerns, and optimize opportunities for collaboration. In particular, we seek to establish mutually beneficial partnerships with Indigenous groups within whose traditional territories our projects are located, through the provision of jobs, training programs, contract opportunities, capacity funding agreements and sponsorship of community events. All Amarc work programs are carefully planned to achieve high levels of environmental and social performance.

Qualified Person

Mark Rebagliati, P.Eng., a Qualified Person ("QP") as defined by National Instrument 43-101, has reviewed and approved the technical and scientific information in this news release. Mr. Rebagliati is not independent of the Company.

Quality Assurance/Quality Control Program

Amarc drilled HQ (63.5mm) and NQ (47.6mm) size core in 2025 at the JOY project. All drill core was logged, photographed, and cut in half with a diamond saw. Half core samples from the AuRORA Deposit and other drilling across the JOY District were sent to ALS Canada Ltd., Kamloops, Canada, for preparation and to North Vancouver, Canada for analysis. Both facilities are ISO/IEC 17025:2017 accredited. At the laboratory, samples were dried and crushed to 70% passing −2 mm, followed by pulverization of a 250 g split to better than 85% passing 75 microns; however, for AuRORA Deposit samples, a 1,000 g split was pulverized to the same particle-size specification. All samples were analyzed for Au by fire assay fusion of a 30 g sub-sample with an ICP-AES finish, and for 60 elements including Cu, Mo and Ag by a four-acid digestion, multi-element ICP-MS package. In addition, all samples from the AuRORA Deposit were also analyzed for Cu by single element four-acid digestion ICP-AES, for oxidized Cu by quick sulphuric acid / ferric sulphate leach AAS and for soluble Cu by sulphuric acid leach AAS. As part of a comprehensive Quality Assurance/Quality Control ("QAQC") program, Amarc control samples were inserted in each analytical batch of the core samples at the following rates: standards one in 20 regular samples, duplicate sets (half core, coarse reject, and pulp split) one in 20 regular samples and one coarse blank in 20 regular samples. The control sample results were then checked to ensure proper QAQC.

For further details on Amarc Resources Ltd., please visit the Company's website at www.amarcresources.com or contact Dr. Diane Nicolson, President and CEO, at (604) 684-6365 or within North America at 1-800-667-2114, or Kin Communications, at (604) 684-6730, Email: [email protected] .

ON BEHALF OF THE BOARD OF DIRECTORS OF AMARC RESOURCES LTD.

Dr. Diane Nicolson

President and CEO

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

Forward Looking and other Cautionary Information

This news release includes certain statements that may be deemed "forward-looking statements". All such statements, other than statements of historical facts that address exploration plans and plans for enhanced relationships are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Assumptions used by the Company to develop forward-looking statements include the following: Amarc's projects will obtain all required environmental and other permits and all land use and other licenses, studies and exploration of Amarc's projects will continue to be positive, and no geological or technical problems will occur. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, potential environmental issues or liabilities associated with exploration, development and mining activities, exploitation and exploration successes, continuity of mineralization, uncertainties related to the ability to obtain necessary permits, licenses and tenure and delays due to third party opposition, changes in and the effect of government policies regarding mining and natural resource exploration and exploitation including the effects of land use plans that may impact activities on or access to properties, exploration and development of properties located within Aboriginal groups asserted territories may affect or be perceived to affect asserted aboriginal rights and title, which may cause permitting delays or opposition by Aboriginal groups, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. For more information on Amarc Resources Ltd., investors should review Amarc's annual Form 20-F filing with the United States Securities and Exchange Commission at www.sec.gov and its home jurisdiction filings that are available at www.sedarplus.ca .

Table 3: Announced Drill Hole Information

Drill
Hole

Easting

Northing

Elevation

Azim
(°)

Dip
(°)

EOH
(m)

JP25087

622688

6347704

1411

270

-67

309.0

JP25088

622698

6347600

1444

90

-65

375.0

JP25090

622693

6347602

1445

270

-60

279.4

JP25092

622884

6347505

1421

90

-60

297.4

JP25096

623037

6347699

1395

90

-56

364.5

JP25097

623074

6347598

1395

91

-60

314.3

JP25102

623497

6347805

1609

270

-81

521.2

JP25112

623322

6347599

1453

90

-61

553.0

JP25114

623123

6346917

1553

90

-55

486.0

JP25115

623303

6347442

1418

91

-71

486.0

JP25118

623301

6347700

1492

90

-70

504.0

JP25119

622610

6348301

1362

270

-75

700.0

JP25120

623059

6348417

1609

90

-85

675.4

Note: Collar locations are in UTM NAD83, Zone 9N coordinates.

Figure 1 (Drill Plan Map): AuRORA Deposit Discovery High Grade Near Surface, Exceptional Continuity, Deposit Continues to be Open to Expansion

Figure 2 (Sections 8400N, 8300N, 8200N and 8100N): AuRORA Deposit Discovery 2025 Step-out Drilling is Discovering More Open-Ended, Continuous Mineralization

Figure 3 (Sections 8000N, 7900N, 7800N and 7700N): AuRORA Deposit Discovery 2025 Step-Out Drilling is Discovering More Open-Ended, Continuous Mineralization

Figure 4 (Sections 7600N, 7500N, 7450N and 6900N): AuRORA Deposit Discovery 2025 Step-Out Drilling is Discovering More Open-Ended, Continuous Mineralization

1 Rebagliati, C.M., Duuring, P., Dickinson, J.M., and McKinley, B., and Fagan, A.J., 2020, Geology and exploration of the Jurassic porphyry-style Cu-Au-Ag±Mo mineralization in the Kemess-Pine area of the Toodoggone District of British Columbia, Canada, in: updated CIM Special Volume 57, Society of Exploration Geologists, pp. 253-266.

SOURCE: Amarc Resources Ltd.

New office strengthens Infosys' 25-year presence in Switzerland and deepens client collaboration

, /PRNewswire/ -- Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY), a global leader in next-generation digital services and consulting, today inaugurated its new office in Zurich, Switzerland. Relocating the Swiss headquarters to The Circle at Zurich Airport marks a major milestone in Infosys' 25-year presence in the country, reinforcing its commitment to guiding clients through their digital and AI-led transformation journey. The launch was attended by Dr. Nik Gugger, Member of the National Council of Switzerland; Mr. Florin Muller, Consulate General of Switzerland in India; and Philippe Reich, Chairman of the Swiss Indian Chamber of Commerce, along with many of Infosys' clients, and partners.

From Left to Right: Paul Dillon, Global Head & Managing Partner, Infosys Consulting; Dr. Nik Gugger, Member of the National Council of Switzerland; Dinesh Rao, EVP & Chief Delivery Officer, Infosys; Anna Maria Blengino, CIO, Sunrise; Lilly Vasanthini, VP – Delivery Head Eastern Europe, Nordic & Switzerland, Infosys; Shaji Mathew, Chief Human Resources Officer, Infosys; and Nagaraj Venkatraman Joshi, Country Head Switzerland, Infosys The new strategic location serves as a hub for innovation and co-creation and brings teams closer to clients across manufacturing, financial services, life sciences, energy & services, telecom, and retail sectors, among others. By leveraging Infosys Topaz, an AI-first offering powered by generative AI technologies, and Infosys Cobalt, a set of services, solutions and platforms for enterprises to accelerate their cloud journey, the Zurich office will support Swiss enterprises accelerate their digitalization journey. These capabilities enable clients to improve operational resilience, harness data at scale, and deliver enhanced experiences while maintaining high standards of security and compliance.

Infosys has built a strong foundation in Switzerland through key acquisitions like Lodestone Consulting, enhancing its SAP consulting capabilities and the establishment of a specialized Turbomachinery and Propulsion Center of Excellence in Baden. Over the years, Infosys has partnered with leading Swiss and multinational organizations across sectors delivering large-scale transformation programs and long-term business value. This includes a collaboration with Sunrise, Switzerland's leading challenger, with a strong number two position in the Swiss telecommunications market.

The new office also adds to Infosys' existing presence in the country with offices in Geneva, Basel, Baden, Lausanne, and Baar to support local ecosystem, and facilitate deeper collaboration with policymakers, industry partners, and academic institutions. Infosys has consistently strengthened the local talent ecosystem through InStep, its flagship global internship program. As part of this, it has forged deep relationships with students and faculty at leading Swiss institutions including École Polytechnique Fédérale de Lausanne, Eidgenössische Technische Hochschule (ETH) Zurich, Universität St. Gallen, and IMD Business School, and has hosted over 100 students from these institutions over the last two decades.

Infosys' local impact extends beyond business growth to include a strong focus on corporate social responsibility and community engagement in Switzerland. As part of this commitment, it has awarded a grant to Little Scientists, supporting a one-year partnership to advance STEM education. This initiative will develop a multilingual virtual learning environment on the Infosys Springboard platform, offering coding and STEM courses in German, French, and Italian. The program aims to reach 1,000 students in its first year, with a focus on inclusive education for students from disadvantaged backgrounds.

Dr. Nik Gugger, Member of the National Council of Switzerland, said, "Switzerland has long been a global center for innovation, engineering excellence, and responsible business. Infosys' continued investment in Zurich underscores the country's attractiveness as a technology and innovation hub and highlights the important role that global companies can play in strengthening the local ecosystem, creating skilled jobs, and supporting inclusive digital growth."

Dinesh Rao, EVP & Chief Delivery Officer, Infosys, said, "The launch of our new Zurich office is a significant step in bringing the full strength of Infosys' enterprise AI and digital innovation ecosystem closer to our clients in Switzerland. Rooted in a strong partner and talent network, our AI-first capabilities empower enterprises to accelerate transformation journeys with agility and precision. Designed to amplify human potential, these capabilities drive measurable business outcomes, enabling clients to lead with innovation and deliver impactful results in a rapidly evolving marketplace."

About Infosys

Infosys is a global leader in next-generation digital services and consulting. Over 330,000 of our people work to amplify human potential and create the next opportunity for people, businesses, and communities. We enable clients in 63 countries to navigate their digital transformation. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, as they navigate their digital transformation powered by cloud and AI. We enable them with an AI-first core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.

Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.

Safe Harbor

Certain statements in this release concerning our future growth prospects, or our future financial or operating performance, are forward-looking statements intended to qualify for the 'safe harbor' under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results or outcomes to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding the execution of our business strategy, increased competition for talent, our ability to attract and retain personnel, increase in wages, investments to reskill our employees, our ability to effectively implement a hybrid work model, economic uncertainties and geo-political situations, technological disruptions and innovations such as artificial intelligence ("AI"), generative AI, the complex and evolving regulatory landscape including immigration regulation changes, our ESG vision, our capital allocation policy and expectations concerning our market position, future operations, margins, profitability, liquidity, capital resources, our corporate actions including acquisitions, and cybersecurity matters. Important factors that may cause actual results or outcomes to differ from those implied by the forward-looking statements are discussed in more detail in our US Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2025. These filings are available at www.sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company's filings with the Securities and Exchange Commission and our reports to shareholders. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law.

Photo: https://mma.prnewswire.com/media/2868071/Infosys_Zurich_Office.jpg
Logo: https://mma.prnewswire.com/media/633365/5460444/Infosys_Logo.jpg

SOURCE Infosys

MIAMI, Jan. 23, 2026 (GLOBE NEWSWIRE) -- Defiance ETFs today announced that the Defiance AI Power Infrastructure ETF (Nasdaq: AIPO) has surpassed $100 million in assets under management, marking a significant milestone for the first ETF focused exclusively on companies powering the artificial intelligence economy.

Launched to provide targeted exposure to the infrastructure enabling AI adoption, AIPO invests in U.S.-listed companies involved in power generation, grid modernization, data center infrastructure, and energy systems critical to supporting AI workloads. The fund tracks the MarketVector™ US Listed AI and Power Infrastructure Index, which is designed to capture companies deriving a majority of their revenues from AI-related power and infrastructure activities.

“The rapid growth of AIPO reflects investor recognition that AI is not just a software story, it’s an infrastructure and power story,” said Sylvia Jablonski, Chief Investment Officer of Defiance ETFs. “As AI deployment accelerates, the demand for reliable energy and supporting infrastructure continues to grow, and AIPO was built to provide direct exposure to that theme.”

Crossing $100 million in assets underscores the growing demand for targeted thematic ETFs that address structural shifts in the global economy. Defiance ETFs continues to expand its lineup of innovative strategies designed for investors seeking focused exposure to emerging technologies and long-term secular trends.

About Defiance ETFs

Founded in 2018, Defiance is a leading asset manager across thematic, income, and leveraged ETFs. Our leveraged single-stock ETFs allow investors to gain amplified long or short exposure without the need for a margin account.

IMPORTANT DISCLOSURES

The Fund's investment objectives, risks, charges, and expenses must be considered carefully before investing. The prospectus and summary prospectus contain this and other important information about the investment company. Please read carefully before investing. A hard copy of the prospectuses can be requested by calling 833.333.9383.

Defiance ETFs LLC is the ETF sponsor. The Fund's investment adviser is Tidal Investments, LLC ("Tidal" or the "Adviser").

Investing involves risk. Principal loss is possible. As an ETF, the funds may trade at a premium or discount to NAV. Shares of any ETF are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. A portfolio concentrated in a single industry or country, may be subject to a higher degree of risk.

Market Risk: The Fund’s investments may decline in value due to general market conditions, economic events, or factors affecting specific industries or issuers.

Index Tracking Risk: The Fund may not perfectly replicate the performance of the Index due to fees, expenses, and other operational factors.

Sector Concentration Risk: Because the Fund may invest heavily in technology, utilities, and energy sectors, it is more vulnerable to adverse developments in these areas.

AI and Technology Risk: Companies involved in AI hardware and data centers are subject to rapid innovation cycles, competitive pressures, and regulatory challenges.

Energy and Infrastructure Risk: Power generation and utility companies can be impacted by commodity price volatility, regulatory changes, and environmental factors.

New Fund Risk: As a newly organized fund, it has no operating history, making it difficult for investors to assess performance or management effectiveness.

Passive Investment Risk: The Fund does not actively manage its portfolio and will not take defensive positions if the Index declines.

Liquidity Risk: Shares may trade at prices other than NAV, and certain underlying holdings may have limited liquidity.

Underlying Index Risk: Errors, changes, or delays in the Index calculation could impact Fund performance.

Third-Party Data Risk: The Fund relies on external data providers for Index construction, and inaccuracies or delays may affect tracking.

Operational Risk: Failures or errors by service providers, counterparties, or systems could disrupt Fund operations.

The MarketVector™ US Listed AI and Power Index (MVAIPO) is a thematic index tracking the performance of companies contributing to critical electrical grid and artificial intelligence infrastructure through nuclear and other decentralized energy technologies, electric equipment and related engineering and construction services, electrical utilities, data center operations, and AI related computing hardware.

Note: The Fund is not suitable for all investors and is designed for those who understand thematic sector exposures and are willing to monitor their portfolios.

Distributed by Foreside Fund Services, LLC.

Sylvia Jablonski
[email protected]
833.333.9383

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/bc4cd5ee-b1b3-4807-92b6-3623ce816011

AIPO - Defiance AI Power Infrastructure ETF, The First ETF Focused on AI Power Infrastructure, Surpa... Defiance ETFs today announced that the Defiance AI Power Infrastructure ETF (Nasdaq: AIPO) has surpa...

Arista Networks (ANET) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

Resources Investor Relations Journalists Agencies Client Login Send a Release News Products Contact , /PRNewswire/ -- The Board of Directors of First Citizens BancShares, Inc. (Nasdaq: FCNCA) has declared the following dividends on the company's common and preferred stock, in each case to be paid on March 16, 2026, to holders of record as of February 27, 2026:  

A quarterly common stock dividend of $2.10 per share on the company's Class A and Class B common stock. A regular quarterly dividend of $13.4375 per share on the company's 5.375% non-cumulative perpetual preferred stock, Series A, resulting in a distribution of $0.335938 per depositary share. A dividend of $20.113048 per share on the company's fixed-to-floating rate, non-cumulative perpetual preferred stock, Series B. A regular quarterly dividend of $0.351563 per share on the company's 5.625% non-cumulative perpetual preferred stock, Series C. A quarterly dividend of $2,275.00 per share on the company's 7.000% non-cumulative perpetual preferred stock, Series D, resulting in a distribution of $22.75 per depositary share. ABOUT FIRST CITIZENS BANCSHARES

First Citizens BancShares, Inc. (Nasdaq: FCNCA), a top 20 U.S. financial institution with more than $200 billion in assets and a member of the Fortune 500TM, is the financial holding company for First-Citizens Bank & Trust Company ("First Citizens Bank"). Headquartered in Raleigh, N.C., First Citizens Bank has built a unique legacy of strength, stability and long-term thinking that has spanned generations. First Citizens offers an array of general banking services including a network of branches and offices nationwide; commercial banking expertise delivering best-in-class lending, leasing and other financial services coast to coast; innovation banking serving businesses at every stage; and a nationwide direct bank. Discover more at firstcitizens.com.

Contact:

Deanna Hart

Angela English

Investor Relations

Corporate Communications

919-716-2137

803-931-1854

SOURCE First Citizens BancShares, Inc.

Also from this source

Vancouver, British Columbia--(Newsfile Corp. - January 23, 2026) - Rokmaster Resources Corp. (TSXV: RKR) (OTCQB: RKMSF) (FSE: 1RR1) ("Rokmaster" or "the Company") is pleased to provide an update on the Hanson and Mystery properties within the Nechako Project.

The Nechako Project is located in west-central British Columbia within the prolific Stikine terrane as exemplified by several past producing deposits and advanced development projects in the region (Figure 1). The Project consists of three road-accessible properties (Mystery, Fox-Coconut, and Hanson) which total 26,932 hectares (269 km2) when combined.

Two exploration permits have been approved allowing for diamond drilling on the southern and northern portions of the Hanson Property (Figure 2). These are the last of the permit applications submitted during the past year to be approved for the Nechako Project. There are now five approved drill permits for the Mystery, Fox-Coconut, and Hanson Properties allowing for a flexible exploration strategy going forward. The newly approved exploration permits allow for a total of 30 drillsites on the road-accessible and prospective Hanson Property.

The Company is also pleased to report results of a Re-Os geochronology1 study on mineralized samples from the Mystery Property. In 2025, an outcrop of sericite-altered monzonite hosting quartz-molybdenite-chalcopyrite veinlets was found directly north of the Ford Anomaly (Figure 3). Several grab samples from this showing returned elevated Mo-Cu-Au concentrations in assays. The age of this mineralization, as determined through Re-Os dating of molybdenite, is within the 70 to 84 ma range defined by Carter (1982) for the late Cretaceous Bulkley Suite of post-collisional intrusions. The Bulkley Suite is associated with porphyry Cu-Mo-Au-Ag mineralization at the nearby Huckleberry, Ox, Seel, and Poplar Deposits and well as many porphyry-style occurrences in the region2,3.

The Ford Anomaly is characterized by a large geochemical and geophysical anomaly near the southern contact of the central monzonite stock. The anomaly represents one of the multiple potential centres of a large area of phyllic-altered Kasalka Group volcanic rocks present in sparse outcrops and subcrops throughout the Property. A 2025 high-resolution magnetic survey identified several targets with coincident anomalous surface geochemistry and favorable alteration for follow-up, particularly at the B2 Zone. The B2 Zone represents a significant newly recognized showing of strongly potassic altered andesite hosting vertical sericite-pyrite, pyrite-chalcopyrite, magnetite, and secondary biotite-chlorite veinlets. This zone exhibits elevated Cu-Mo-Au assays across 200 m of outcrop exposure. Comparable alteration and mineralization are observed approximately 800 m to the southeast in the B3 Zone, separated from the B2 Zone by glacial till cover.

John Mirko, President and CEO, comments:

"The whole Nechako Project is now fully permitted for drilling in 2026. We are finalizing data from the 2025 field work to refine drill targets in the Nechako Project. Confirmation of a late Cretaceous age of molybdenite mineralization on the Mystery Property, and its alignment with regional metallogeny, supports our search for major porphyry Cu-(Au±Mo) systems in this fertile and well-established district."

Footnote 1: Re-Os (Rhenium-Osmium) geochronology is a radiometric dating method used to date geological materials and was completed by 1365969 Alberta Ltd. Areas of each sample with molybdenite were identified and removed, then metal-free crushing and grinding methods, combined with magnetic and density separation, were used to prepare a molybdenite-bearing mineral separate. Methods used for molybdenite isotopic analysis are described in detail by Selby & Creaser (2004) and Markey et al. (2007).

Footnote 2: Carter, N.C., 1982. Porphyry copper and molybdenum deposits west-central British Columbia (Bulletin 64). Province of British Columbia, Ministry of Energy, Mines and Petroleum Resources.

Footnote 3: Sharman, L., Lang, J.T. and Chapman, J. eds., 2021. Porphyry deposits of the northwestern Cordillera of North America: A 25-year update. CIM Special Volume 57.

The technical information in this news release has been prepared in accordance with Canadian regulatory requirements as set out in National Instrument 43-101 and reviewed and approved by Eric Titley, P.Geo., who is independent of Rokmaster and who acts as Rokmaster's Qualified Person.

For more information please contact
Mr. John Mirko, President & CEO of Rokmaster Resources Corp., 
[email protected], Ph. +1(604)290-4647 or by website: www.rokmaster.com

On Behalf of the Board of Directors of
Rokmaster Resources Corp.
John Mirko,
President & Chief Executive Officer.

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

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: This news release may contain forward-looking information within the meaning of applicable securities laws ("forward-looking statements"). Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," 'projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. These forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation: closing of the FT Financing; risks related to fluctuations in metal prices; uncertainties related to raising sufficient financing to fund the planned work in a timely manner and on acceptable terms; changes in planned work resulting from weather, logistical, technical or other factors; the possibility that results of work will not fulfill expectations and realize the perceived potential of the Company's properties; risk of accidents, equipment breakdowns and labour disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in the work program; the risk of environmental contamination or damage resulting from Rokmaster's operations and other risks and uncertainties. Any forward-looking statement speaks only as of the date it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/281375

Source: Rokmaster Resources Corp.

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HAMILTON, Bermuda, Jan. 23, 2026 (GLOBE NEWSWIRE) -- Essent Group Ltd. (NYSE: ESNT) today announced that it will hold a conference call on Friday, February 13, 2026, at 10:00 a.m. Eastern Time to discuss the Company’s fourth quarter 2025 results, which will be announced prior to the market open on the same day.

The conference call will be broadcast live over the Internet at http://ir.essentgroup.com/events-and-presentations/events/default.aspx. The call may also be accessed by dialing 888-330-2384 inside the U.S., or 240-789-2701 for international callers, using passcode 9824537 or by referencing Essent.

A replay of the webcast will be available on the Essent website approximately two hours after the live broadcast ends for a period of one year. A replay of the conference call will be available approximately two hours after the call ends for a period of two weeks, using the following dial-in numbers and passcode: 800-770-2030 inside the U.S., or 647-362-9199 for international callers, passcode 9824537.

In addition to the information provided in the Company's earnings news release, other statistical and financial information, which may be referred to during the conference call, will be available on Essent's website at http://ir.essentgroup.com/financials/quarterly-results/default.aspx.

About the Company

Essent Group Ltd. (NYSE: ESNT) is a Bermuda-based holding company (collectively with its subsidiaries, “Essent”) offering private mortgage insurance, reinsurance, and title insurance and settlement services to serve the housing finance industry. Additional information regarding Essent may be found at www.essentgroup.com.

Source: Essent Group Ltd.

Media Contact
610.230.0556
[email protected]

Investor Relations Contact
Philip Stefano
Vice President, Investor Relations
855-809-ESNT
[email protected]

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

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NRG Energy (NYSE:NRG) dropped 4.7% over the past week while the S&P 500 slipped just 0.5%. Year to date, NRG is down 5.1% versus the market’s 1% gain. So why does Wall Street keep betting on this utility?

The answer isn’t defensive positioning. It’s infrastructure.

The AI Power Supercycle Thesis NRG sits at the intersection of two forces: soaring AI data center electricity demand and a retail energy business that locks in 7 million customers. While competitors like Constellation Energy (NASDAQ:CEG) face regulatory pressure over who pays for grid expansion, NRG controls both generation capacity and the customer base consuming that power.

Analysts described NRG as uniquely combining “tech-enabled retail with dominant power production” to capitalize on the “AI power supercycle.” The company doesn’t just sell electricity to data centers. It manages the entire value chain from generation to the consumer’s smart home thermostat.

Prediction markets assign an 89.5% probability that no AI data center moratorium passes before 2027, validating the thesis that power infrastructure demand remains unimpeded. NRG’s recent $12 billion acquisition of LS Power’s generation portfolio positions it to double capacity exactly as hyperscalers scramble for reliable electricity.

Why Recent Weakness Doesn’t Break the Story The 5% year-to-date decline reflects two headwinds: CEO transition uncertainty and massive insider selling. When NRG announced Robert Gaudette would replace Lawrence Coben as CEO effective April 30, 2026, the stock dropped 5% immediately. Investors dislike leadership changes during growth inflections.

More concerning is the insider activity. CFO Bruce Chung, General Counsel Brian Curci, and incoming CEO Gaudette collectively sold over $77 million in stock during early January. Chung alone disposed of 116,876 shares between $153 and $166. Zero discretionary insider buying occurred during the dip.

Yet institutional investors moved the opposite direction. Short interest declined 18% to just 2.5% of float, well below the 4.3% peer average.

The Fundamentals Justify the Divergence NRG’s Q3 2025 earnings delivered $2.78 per share. Return on equity hit 64%, exceptional for any sector. Quarterly earnings growth accelerated 56% year over year while revenue grew 5.7%. That margin expansion signals pricing power.

The company’s forward P/E of 17x trades at a discount to its trailing 23x multiple, suggesting Wall Street expects earnings growth to continue. The LS Power integration and Vivint Smart Home’s 7 million customers provide cross-sell opportunities.

NRG’s partnership with Sunrun (NASDAQ:RUN) to build a 1-gigawatt virtual power plant in Texas by 2035 adds another growth vector. These aren’t defensive utility moves. They’re infrastructure plays disguised as utility stocks.

The recent weakness created entry points for investors who believe electricity demand from AI will compound for years. Insider selling and CEO transitions are noise. The signal is a company controlling both generation and distribution as data centers rewire the grid.

The Old Rules About Savings Are Dead For years the advice around saving cash was almost an afterthought: keep it liquid, don’t overthink it, and accept whatever interest your bank happens to offer. That approach made sense when rates were near zero, but today it is actually doing more harm than good.That is because there are new ways to earn from your deposits, including one that offers up to $1,500 on your money

That is not a typo. You could earn up to $1,500 simply by moving your savings, with income coming in every quarter.

It is absurdly easy to get started, too.

New York, New York--(Newsfile Corp. - January 23, 2026) - Leading securities law firm Bleichmar Fonti & Auld LLP announces that it has filed a class action lawsuit against Ardent Health, Inc. (NYSE: ARDT) and certain of the Company's senior executives for securities fraud after a significant stock drop resulting from potential violations of the federal securities laws.

If you invested in Ardent Health, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/ardent-health-inc-class-action-lawsuit.

Investors have until March 9, 2026, to ask the Court to be appointed to lead the case. The complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in Ardent Health securities. The class action is pending in the U.S. District Court for the Middle District of Tennessee. It is captioned Postiwala v. Ardent Health, Inc., et al., No. 3:26-cv-00022.

Why is Ardent Health Being Sued for Securities Fraud?

Ardent Health and its affiliates operate acute care hospitals and other healthcare facilities. A critical aspect of Ardent Health's operations is the collection of accounts receivable and the framework by which Ardent Health determines the collectability of such accounts. According to the lawsuit, Ardent Health stated that it employed an active monitoring process to determine the collectability of its accounts receivable, and that this process included "detailed reviews of historical collections" as a "primary source of information."

As alleged, in truth, Ardent Health did not primarily rely on "detailed reviews of historical collections" in determining collectability of accounts receivable, but instead "utilized a 180-day cliff at which time an account became fully reserved." This allowed Ardent Health to report higher amounts of accounts receivable during the Class Period, and delay recognizing losses on uncollectable accounts. The lawsuit alleges that Ardent Health's purported misrepresentations are a violation of the federal securities laws.

Why did Ardent Health's Stock Drop?

On November 12, 2025, after market hours, Ardent Health revealed it had completed "hindsight evaluations of historical collection trends" that resulted in a $43 million decrease in revenue for the quarter. Ardent Health also revealed that it increased its professional liability reserves by $54 million because of "adverse prior period claim developments" resulting from a set of claims between 2019 and 2022 "as well as consideration of broader industry trends."

This news caused the price of Ardent Health stock to drop $4.75 per share, or more than 33%, from a closing price of $14.05 per share on November 12, 2025, to $9.30 per share on November 13, 2025.

Click here for more information: https://www.bfalaw.com/cases/ardent-health-inc-class-action-lawsuit.

What Can You Do?

If you invested in Ardent Health, you may have legal options and are encouraged to submit your information to the firm.

All representation is on a contingency fee basis; there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.

Submit your information by visiting:

https://www.bfalaw.com/cases/ardent-health-inc-class-action-lawsuit

Why Bleichmar Fonti & Auld LLP?

BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named "Elite Trial Lawyers" by the National Law Journal, among the top "500 Leading Plaintiff Financial Lawyers" by Lawdragon, "Titans of the Plaintiffs' Bar" by Law360 and "SuperLawyers" by Thomson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.'s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.

For more information about BFA and its attorneys, please visit https://www.bfalaw.com.

https://www.bfalaw.com/cases/ardent-health-inc-class-action-lawsuit

Attorney advertising. Past results do not guarantee future outcomes.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/281296

Source: Bleichmar Fonti & Auld

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New York, New York--(Newsfile Corp. - January 23, 2026) - Leading securities law firm Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against Bath & Body Works, Inc. (NYSE: BBWI) and certain of the Company's senior executives for securities fraud after significant stock drops resulting from the potential violations of the federal securities laws.

If you invested in Bath & Body Works, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/bath-body-works-inc-class-action-lawsuit.

Investors have until March 16, 2026, to ask the Court to be appointed to lead the case. The complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in Bath & Body Works securities. The case is pending in the U.S. District Court for the Southern District of Ohio and is captioned Lingam v. Bath & Body Works, Inc., et al., No. 2:26-cv-00039.

Why is Bath & Body Works Being Sued for Securities Fraud?

Bath & Body Works is a specialty retailer of home fragrance and body care products. During the relevant period, the Company explored product categories, or "adjacencies," beyond its core business. The key adjacencies included products for men, lips, hair, and laundry.

Bath & Body Works stated that customers were "responding favorably to innovation" including "adjacencies" of men's, lip, and laundry. The Company also stated that its "strategy is working," and that the Company was driving topline growth through "extending our reach through category adjacencies."

As alleged, in truth, Bath & Body Works' strategy of pursuing adjacencies was not growing the customer base or delivering the promised level of growth in net sales.

Why did Bath & Body Works' Stock Drop?

On August 28, 2025, Bath & Body Works reported disappointing Q2 2025 financial results and announced it was cutting its full year guidance for earnings per diluted share by $0.03, to $3.28 to $3.53. This news caused the price of Bath & Body Works stock to drop $2.18 per share, or 6.9%, from a closing price of $31.54 per share on August 27, 2025, to $29.36 per share on August 28, 2025.

Then, on November 20, 2025, Bath & Body Works released its Q3 2025 financial results. The Company announced it was slashing full year guidance and revealed that its strategy of pursuing "adjacencies, collaborations and promotions" had "not grown our total customer base." The Company also revealed it would exit certain adjacencies to focus on core categories. This news caused the price of Bath & Body Works stock to drop $5.22 per share, or 24.8%, from a closing price of $21.04 per share on November 19, 2025, to $15.82 per share on November 20, 2025.

Click here for more information: https://www.bfalaw.com/cases/bath-body-works-inc-class-action-lawsuit.

What Can You Do?

If you invested in Bath & Body Works, you may have legal options and are encouraged to submit your information to the firm.

All representation is on a contingency fee basis, there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.

Submit your information by visiting:

https://www.bfalaw.com/cases/bath-body-works-inc-class-action-lawsuit

Why Bleichmar Fonti & Auld LLP?

BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named "Elite Trial Lawyers" by the National Law Journal, among the top "500 Leading Plaintiff Financial Lawyers" by Lawdragon, "Titans of the Plaintiffs' Bar" by Law360 and "SuperLawyers" by Thomson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.'s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.

For more information about BFA and its attorneys, please visit https://www.bfalaw.com.

https://www.bfalaw.com/cases/bath-body-works-inc-class-action-lawsuit

Attorney advertising. Past results do not guarantee future outcomes.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/281298

Source: Bleichmar Fonti & Auld

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

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New York, New York--(Newsfile Corp. - January 23, 2026) - Leading international securities law firm Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against Integer Holdings Corporation (NYSE: ITGR) and certain of the Company's senior executives for securities fraud after a significant stock drop resulting from the potential violations of the federal securities laws.

If you invested in Integer, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/integer-holdings-corporation-class-action-lawsuit.

Investors have until February 9, 2026, to ask the Court to be appointed to lead the case. The complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in Integer common stock. The case is pending in the U.S. District Court for the Southern District of New York and is captioned West Palm Beach Firefighters' Pension Fund v. Integer Holdings Corporation, et al., No. 1:25-cv-10251.

Why is Integer Being Sued for Securities Fraud?

Integer designs and manufactures cardiac rhythm management and cardiovascular products, including electrophysiology ("EP") devices that map the heart's electrical activity to diagnose and treat arrhythmias.

During the relevant period, Integer repeatedly touted its EP sales growth and market position while overstating demand for its EP devices.

As alleged, in truth, demand for and revenue from Integer's EP products had fallen sharply-directly contradicting the Company's public assurances.

Why did Integer's Stock Drop?

On October 23, 2025, Integer disclosed that it lowered its 2025 sales guidance to a range between $1.840 billion and $1.854 billion, from a range between $1.850 billion and $1.876 billion, and well below analysts' estimates. The Company also revealed that it expected poor net sales growth of -2% to 2% and organic sales growth of 0% to 4% for 2026. Integer also admitted that two of its EP devices experienced "slower than forecasted" adoption and that it expected the slower demand "to continue into 2026." This news caused the price of Integer stock to drop $35.22 per share, or more than 32%, from a closing price of $109.11 per share on October 22, 2025, to $73.89 per share on October 23, 2025.

Click here for more information: https://www.bfalaw.com/cases/integer-holdings-corporation-class-action-lawsuit.

What Can You Do?

If you invested in Integer, you may have legal options and are encouraged to submit your information to the firm.

All representation is on a contingency fee basis, there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.

Submit your information by visiting:

https://www.bfalaw.com/cases/integer-holdings-corporation-class-action-lawsuit

Why Bleichmar Fonti & Auld LLP?

BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named "Elite Trial Lawyers" by the National Law Journal, among the top "500 Leading Plaintiff Financial Lawyers" by Lawdragon, "Titans of the Plaintiffs' Bar" by Law360 and "SuperLawyers" by Thomson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.'s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.

For more information about BFA and its attorneys, please visit https://www.bfalaw.com.

https://www.bfalaw.com/cases/integer-holdings-corporation-class-action-lawsuit

Attorney advertising. Past results do not guarantee future outcomes.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/281302

Source: Bleichmar Fonti & Auld

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

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New York, New York--(Newsfile Corp. - January 23, 2026) - Leading securities law firm Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against CoreWeave, Inc. (NASDAQ: CRWV) and certain of the Company's senior executives for securities fraud after significant stock drops resulting from the potential violations of the federal securities laws.

If you invested in CoreWeave, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/coreweave-inc-class-action-lawsuit.

Investors have until March 13, 2026, to ask the Court to be appointed to lead the case. The complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in CoreWeave securities. The case is pending in the U.S. District Court for the District of New Jersey and is captioned Masaitis v. CoreWeave, Inc., et al., No. 2:26-cv-00355.

Why is CoreWeave Being Sued for Securities Fraud?

CoreWeave is an AI-focused cloud computing company that builds and operates data centers offering high-performance GPU infrastructure. CoreWeave relies on multiple partners to develop its data centers and provide the infrastructure needed for its AI computing operations, including Core Scientific, a large digital infrastructure company. On July 7, 2025, CoreWeave announced a merger agreement with Core Scientific.

During the relevant period, CoreWeave repeatedly assured investors it could capitalize on the "robust" and "unprecedented" demand for its services given its "competitive strengths," including its ability to "deploy" AI infrastructure "at massive scale" and "rapidly scale our operations."

As alleged, in truth, CoreWeave overstated its ability to meet customer demand and concealed significant construction delays at its data centers.

Why did CoreWeave's Stock Drop?

On October 30, 2025, Core Scientific announced it did not receive enough shareholder votes to approve the merger with CoreWeave and, as a result, terminated the merger agreement. This news caused the price of CoreWeave stock to drop $8.87 per share, or more than 6%, from $139.93 per share on October 29, 2025, to $131.06 per share on October 30, 2025.

Then, on November 10, 2025, CoreWeave lowered guidance for revenue, operating income, capital spending, and active power capacity for 2025 due to "temporary delays related to a third-party data center developer who is behind schedule." This news caused the price of CoreWeave stock to drop $17.22 per share, or more than 16%, from $105.61 per share on November 10, 2025, to $88.39 per share on November 11, 2025.

Finally, on December 15, 2025, The Wall Street Journal reported that the "completion date" for a "huge data-center cluster" in Denton, Texas to be leased by OpenAI, "has been pushed back several months," and that the site builder, Core Scientific, had flagged delays at the site months earlier. The Wall Street Journal also reported that Core Scientific had flagged additional delays at sites in Texas and elsewhere "since at least February." This news caused the price of CoreWeave stock to drop $2.85 per share, or more than 3%, from $72.35 per share on December 15, 2025, to $69.50 per share on December 16, 2025.

Click here for more information: https://www.bfalaw.com/cases/coreweave-inc-class-action-lawsuit.

What Can You Do?

If you invested in CoreWeave, you may have legal options and are encouraged to submit your information to the firm.

All representation is on a contingency fee basis, there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.

Submit your information by visiting:

https://www.bfalaw.com/cases/coreweave-inc-class-action-lawsuit

Why Bleichmar Fonti & Auld LLP?

BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named "Elite Trial Lawyers" by the National Law Journal, among the top "500 Leading Plaintiff Financial Lawyers" by Lawdragon, "Titans of the Plaintiffs' Bar" by Law360 and "SuperLawyers" by Thomson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.'s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.

For more information about BFA and its attorneys, please visit https://www.bfalaw.com.

https://www.bfalaw.com/cases/coreweave-inc-class-action-lawsuit

Attorney advertising. Past results do not guarantee future outcomes.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/281300

Source: Bleichmar Fonti & Auld

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

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

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

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

MCLEAN, Va.--(BUSINESS WIRE)--Booz Allen Hamilton Holding Corporation (NYSE: BAH), the parent company of advanced technology company Booz Allen Hamilton Inc., today announced preliminary results for the third quarter fiscal year 2026.

"We remain focused on building and delivering tech that works for the most important U.S. missions. We continue to invest and accelerate our growth strategy as we position for the future." - Horacio Rozanski, Booz Allen Chairman, CEO and President

Share Booz Allen’s press release is available at:
newsroom.boozallen.com
investors.boozallen.com

Booz Allen’s earnings presentation is available at investors.boozallen.com.

The company will host a live conference call at 8 a.m. EST on Friday, January 23, 2026, to discuss the financial results for its third quarter fiscal year 2026. Analysts and institutional investors may participate on the call by registering online at investors.boozallen.com.

The conference call will be webcast simultaneously to the public through a link at investors.boozallen.com. A replay of the conference call will also be available on the site beginning at 11 a.m. EST on Friday, January 23, 2026, and continuing for 12 months.

About Booz Allen Hamilton

Booz Allen is an advanced technology company delivering outcomes with speed for America’s most critical defense, civil, and national security priorities. We build technology solutions using AI, cyber, and other cutting-edge technologies to advance and protect the nation and its citizens. By focusing on outcomes, we enable our people, clients, and their missions to succeed—accelerating the nation to realize our purpose: Empower People to Change the World®.

With global headquarters in McLean, Virginia, our firm employs approximately 31,600 people globally as of December 31, 2025, and had revenue of $12.0 billion for the 12 months ended March 31, 2025. To learn more, visit www.boozallen.com. (NYSE: BAH)

BAHPR-FI

Costco (COST) is poised for near-term sales growth as consumers pantry-load ahead of a major winter storm impacting half the U.S. population. Dine-in restaurants and discretionary retailers are likely to face Q1 revenue headwinds as consumers shelter indoors during the storm.

Bitcoin and Ethereum face a $2.3b options expiry that will reveal whether the new options-heavy market structure can absorb hedging flows without reigniting casino-style volatility.

Summary

Around $2.3b in BTC and ETH options expire today, marking 2026’s first major derivatives settlement and a key liquidity inflection point. BTC trades near $89.7k versus $92k max pain; ETH hovers around $2,950–$2,980 against a $3,200 max pain level, creating strong strike “gravity.” Options open interest now tops futures, signaling a shift toward structured hedging that could either dampen or amplify volatility depending on post-expiry flows. A $2.3 billion wave of Bitcoin (BTC) and Ethereum (ETH) options expiry is testing whether crypto’s new, options‑driven market structure can absorb mechanical hedging flows without slipping back into casino‑style volatility. At the same time, spot prices for major coins are grinding just below key strike levels, sharpening the stakes of today’s settlement.

Structural shift in derivatives Nearly $2.3 billion of Bitcoin and Ethereum options expire today, with roughly $1.94 billion tied to Bitcoin and $347.7 million to Ethereum, marking the first broad‑based derivatives settlement of 2026.​ Open interest in Bitcoin options has climbed to about $74.1 billion, overtaking roughly $65.2 billion in Bitcoin futures—a “clear signal of a market pivot” away from raw directional leverage toward “more sophisticated, structured exposure through options.”​ Max pain and “mechanical pressure” Bitcoin is trading around $89,746, below a “max pain” level near $92,000, while Ethereum changes hands around $2,958 against a $3,200 max pain zone, creating what analysts describe as a “gravitational pull” around those strikes.​ With a Bitcoin put‑to‑call ratio of 0.81 across 21,657 contracts (11,944 calls vs. 9,713 puts) and an Ethereum ratio of 0.84 on 117,513 contracts, the book reflects “cautious optimism” rather than outright euphoria, but it is dense enough that “the act of hedging by market makers can become a self‑reinforcing force.” ​ From volatility reset to maturity test As options open interest now exceeds futures, the market “leans less on simple leverage and more on complex risk management,” a shift that could dampen the parabolic shocks associated with liquidation‑driven futures cycles.​ The core test, analysts argue, is whether Bitcoin can sustain levels above $92,000 and Ethereum near $3,200 after settlement, which would “validate the cautious optimism embedded in the current put‑to‑call ratios” and confirm a more stable volatility regime; failure would expose how fragile those “sticky” options books really are.​ Spot benchmarks over the last 24 hours Bitcoin trades near $89,600–$89,700 over the past 24 hours, slipping around 0.5% as it hovers just under the key $90,000–$92,000 zone. Ethereum changes hands around $2,950–$2,980, down roughly 1–1.3% on the day, tracking just below both its $3,000 psychological line and the $3,200 options max‑pain level. Solana (SOL) sits near $128.5 over the same window, modestly softer from prior sessions and reinforcing the sense of a market pausing while derivatives positioning resets

Journalist

Posted: January 23, 2026

Bitcoin [BTC] has struggled in recent months. After reaching an all-time high in October 2025, the asset has declined by roughly 35%, as market sentiment continues to weaken and liquidity conditions remain tight.

Bitcoin lags as capital rotates into precious metals Bitcoin’s recent performance stands in sharp contrast to precious metals, which have rallied over the same period. While Bitcoin has declined since October, gold has gained about 25%, pushing its market capitalization to $34.45 trillion.

Silver recorded an even stronger move, surging 103% and reaching a market capitalization of $5.58 trillion.

The strength in precious metals has been largely driven by persistent geopolitical tensions, which have pushed investors toward safe-haven assets.

This shift has reduced appetite for risk assets, particularly cryptocurrencies, which continue to face a liquidity drought.

Cathie Wood: Bitcoin’s long-term case remains intact Despite Bitcoin’s recent underperformance relative to precious metals, Ark Invest CEO Cathie Wood believes the asset’s long-term outlook remains intact.

Ark Invest remains a prominent investor in cryptocurrencies and related entities, with its ARKB spot U.S. Bitcoin exchange-traded fund (ETF) currently valued at approximately $3.31 billion.

Wood acknowledged gold’s recent strength but emphasized that Bitcoin continues to outperform over a broader time horizon. From 2022 to date, she noted that Bitcoin has gained roughly 360%, compared with gold’s 170% over the same period.

She added that Bitcoin still has significant upside potential, projecting that its market capitalization could grow nearly eightfold from current levels.

“we [Ark Invest] expect Bitcoin to scale to $16 trillion in market cap by 2030.”

According to Wood, Bitcoin’s constrained supply growth remains a critical driver of its long-term performance.

“[Bitcoin] supply growth is lower than gold’s, will be. And especially now that the goal price is up, miners can go out there.”

This dynamic suggests gold could face supply expansion if higher prices incentivize increased mining activity, a scenario that differs fundamentally from Bitcoin’s fixed supply cap of 21 million coins.

Macro conditions could shape Bitcoin’s next leg Bitcoin continues to show correlation with macroeconomic conditions, particularly in the United States. Interest rates, inflation, and gross domestic product (GDP) remain key factors in determining whether liquidity is available for investors to allocate toward risk assets.

During a recent interview, Wood said both inflation and GDP could post strong readings in the coming period.

“We [Ark Invest] think [GDP growth] is going north of 7%, and that’s conservative. We think inflation will go negative.”

Such conditions would likely reduce borrowing costs and improve investor risk appetite, supporting stronger capital flows into risk assets.

Bitcoin has historically benefited from periods of U.S. economic expansion, and a similar environment could support its market capitalization moving closer to the $16 trillion projection.

Fed policy keeps near-term outlook uncertain Market analysts, Darkfost, caution that current economic data is not yet sufficient to prompt the Federal Reserve to ease monetary policy in a way that would materially support risk assets.

While the GDP Growth Rate QoQ Final for Q3 rose to 4.4% from 3.8%, and the GDP Price Index QoQ Final increased to 3.7% from 2.1%, the improvement primarily reduces recession risk rather than signaling imminent policy easing.

“However, this is not good news for risk assets, as it does not push the Fed to ease its monetary policy, quite the opposite.”

Until the Federal Reserve implements meaningful policy changes that free up liquidity, current market dynamics are likely to persist.

In the short term, Bitcoin remains range-bound, consolidating as buyers and sellers remain evenly matched.

Final Thoughts Cathie Wood of Ark Invest projects Bitcoin could reach a market capitalization of $16 trillion within five years. Broader economic activity is expected to play a decisive role in shaping this outlook.

The new borrowing service allows eligible customers to unlock up to $1 million in liquidity without unstaking their tokens by pledging their staked ether as collateral.

Coinbase has rolled out a feature on its staking platform, where traders can borrow USDC against the exchange’s representation of staked ether, cbETH. The product is available to users in the United States, excluding New York, with limited access in the United Kingdom, per details published on the company’s website.

Coinbase debuts cbETH collateralized lending for staking services  According to the Nasdaq-listed exchange’s advertisement of the product, borrowers can request up to $1 million in USDC, with loan limits determined by the amount of eligible crypto posted as collateral and subject to loan-to-value requirements. 

Funds will be credited to the user’s Coinbase account immediately upon approval, while the pledged collateral is transferred onchain to a third-party protocol. The loans are powered by Morpho, a decentralized lending protocol that facilitates overcollateralized borrowing through smart contracts. 

Coinbase also disclosed that borrowers must maintain a loan-to-value ratio below 86% to avoid automatic liquidation and penalties. That threshold could come under pressure during extremely volatile market conditions for Ether, which is undoubtedly higher than for fiat currencies.

The crypto exchange would effectively extend the utility of its staked ether beyond passive yield generation by taking cbETH as collateral. Users can continue earning staking rewards while accessing liquidity for large purchases, portfolio adjustments, or one-time expenses, and other crypto lending services that exchanges issue solely to institutions.

Coinbase launched crypto staking services in New York late last year after receiving approval from the state’s Department of Financial Services. The platform’s staking is now available in 46 US states, excluding California, New Jersey, Maryland, and Wisconsin, which have limited or blocked retail crypto staking programs.

“Thanks to Governor Hochul’s leadership in embracing progress and providing clarity, this milestone marks a meaningful step forward in ensuring residents of the Empire State have access to the same economic opportunities already open to most other Americans,” the company said in a statement.

Coinbase-led regulatory friction threatens the US Clarity bill’s passing As reported by Cryptopolitan last week, Coinbase CEO Brian Armstrong withdrew his support for a draft version of the Clarity Act, a crypto market structure bill. The industry is now divided, with players like Andreessen Horowitz backing the bill even as Coinbase objects to some of its provisions.

Robinhood CEO Vlad Tenev revealed that staking is among the most requested features from his company’s users, and urged the four states to consider opening their borders to the DeFi strategy. Tenev wrote on X last week that the US needs legislation that protects consumers while enabling innovation to move forward. 

“We support Congress’s efforts to pass the market structure bill. There is still work to be done, but we see a path and are here to help,” he said in a post on X.

The Senate Banking Committee delayed a vote on the bill after Armstrong announced Coinbase’s withdrawal of support in a post on X. Stablecoins account for nearly 20% of the company’s revenue, totaling $355 million in the third quarter of 2025, according to its shareholder letter.

Blockchain advocate Ron Hammond, a policy observer who is part of the Washington discussions, believes there is a 40% chance the market structure bill will be passed. “The question is, how far can they bend this bill before it breaks?” he asked.

In an interview on FOX Business, Armstrong said the crypto exchange’s main issue with the Clarity Act is competitive fairness. “It just felt deeply unfair to me that one industry bank would come in and get to do regulatory capture to ban their competition. They should have to compete on a level playing field, and I genuinely believe that.”

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Story HighlightsThe live price of the Cosmos token is  $ 2.37166233.ATOM consolidated throughout 2025 as volatility compressed near long-term support, setting the stage for a potential macro breakout and trend reversal in 2026.Cosmos (ATOM) could enter a multi-year expansion cycle if price breaks key resistance in 2026, with upside targets extending toward $35 and beyond.Cosmos (ATOM) is a Layer-1 blockchain protocol that enables interoperability between independent networks through its Inter-Blockchain Communication (IBC) framework.After experiencing a multi-year decline from its previous cycle highs, ATOM entered 2025 under sustained consolidation, with price action compressing near long-term support levels. While recent performance has remained range-bound, technical structure suggests that ATOM may be approaching a macro inflection phase. 

As volatility continues to contract and price stabilizes near historical demand zones, market participants are increasingly watching whether 2026 can initiate a broader recovery cycle for ATOM.

Cosmos Price Performance in 2025Throughout 2025, ATOM remained locked inside a prolonged corrective structure following the exhaustion of its previous uptrend. Earlier in the year, the price made multiple recovery attempts toward the $12–$14 resistance zone, but sellers sharply rejected each rally. These repeated failures established a clear sequence of lower highs, confirming that long-term bearish structure remained dominant.

As the year progressed, downside momentum weakened noticeably. Although ATOM continued trending lower, successive sell-offs produced diminishing range expansion, indicating seller exhaustion rather than active distribution. This marked a transition from impulsive bearish behavior into structural balance.

By mid-2025, ATOM began forming a descending channel, with price compressing into a stable demand zone around $6-$6.5. This region aligned with a historical accumulation area visible on the multi-year chart and repeatedly absorbed selling pressure.

Toward the end of the year, daily candles narrowed and trading volume declined significantly. From a technical standpoint, 2025 ended not with trend continuation, but with base formation, positioning ATOM inside a long-term consolidation structure that historically precedes major directional expansions.

January 2026 is expected to act as a decision window for ATOM’s macro structure. As price approaches the lower boundary of its multi-year compression zone, continuation of tight sideways action becomes statistically less likely. If ATOM holds above the $2 support level, buyers may attempt to push price toward the upper resistance band near $3.5 – $7. A sustained daily close above this region would represent the first meaningful technical confirmation of a structural reversal and could attract momentum-based participation.

On the downside, failure to maintain the $3.5 level could trigger a temporary liquidity sweep toward $2-$3.0, which aligns with the lower boundary of the long-term accumulation zone.

Cosmos Price Prediction 2026The full-year outlook for ATOM in 2026 centers on a macro breakout thesis. From a technical standpoint, multi-year price compression and declining volatility significantly increase the likelihood of a large expansion phase once the asset clears key resistance levels.

In a bullish scenario, a confirmed breakout above the $10- $12 region would signal the end of the long corrective cycle. After reclaiming this zone, ATOM could accelerate toward the major structural resistance near $18-$22, which corresponds to a previous multi-month distribution range.

Once price establishes acceptance above $22, the chart opens into a low-resistance expansion zone toward $28- $35, which represents the next major historical supply region visible on the multi-year chart. 

A move into this range would reflect a full macro trend reversal rather than a speculative rally. A decisive breakdown below $8 with strong volume would invalidate the breakout structure and delay macro recovery.

ATOM Crypto Price Prediction 2026 – 2030YearPotential Low ($)Potential Average ($Potential High ($)20267.0010.5035.00202712.0029.0042.00202825.0038.0050.00202930.0045.0055.00203040.0052.0060.00ATOM Price Forecast 2026The ATOM price range in 2026 is expected to be between $7.00 and $35.00.

Cosmos Crypto Price Prediction 2027Cosmos (ATOM) price range can be between $12.00 to $42.00 during the year 2027. 

Cosmos Forecast 2028 In 2028, Cosmos is forecasted to potentially reach a low price of $25.00 and a high price of $50.00.

ATOM Price Prediction 2029Thereafter, the ATOM price for the year 2029 could range between $30.00  and $55.00.

ATOM Coin Price Prediction 2030Finally, in 2030, the price of ATOM is predicted to maintain a steady positive. It may trade between $40.00 and $60.00.

ATOM Price Prediction 2031, 2032, 2033, 2040, 2050Based on the historic data and trend analysis of the cryptocurrency along with the market sentiments, here are the possible ATOM price targets for the longer time frames.

YearPotential Low ($)Potential Average ($)Potential High ($)203145.0060.0075.00203250.0065.0085.00203360.0080.00100.002040100.00130.00170.002050150.00200.00300.00ATOM Price Prediction: Market Analysis?Year202620272030Changelly$25.10$40.00$60.00DigitalCoinPrice$30.00$48.00$68.00WalletInvestor$20.00$33.00$58.00CoinPedia’s ATOM Price PredictionCoinpedia’s price outlook for ATOM in 2026 depends largely on its ability to sustain higher highs and maintain acceptance above major resistance zones. If the current compression resolves to the upside, ATOM could transition from prolonged accumulation into a full multi-cycle expansion phase, with $35 acting as the first macro milestone and $60 emerging as the next long-term structural target.

CoinPedia expects that ATOM Price to reach $35.00 by the year-end. On the downside, if ATOM price sees a continued decline in the upcoming months, the coin’s price may slip to $7.00.

YearPotential Low ($)Potential Average ($)Potential High ($)20267.0010.5035.00Never Miss a Beat in the Crypto World!Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.

FAQsWhat is Cosmos (ATOM) used for?

Cosmos enables different blockchains to communicate using IBC, allowing asset transfers, data sharing, and scalable app development across networks.

Can ATOM price recover in 2026?

ATOM could recover in 2026 if it breaks key resistance levels, as multi-year consolidation and low volatility often precede strong trend reversals.

How much will Cosmos (ATOM) be worth in 2030?

Cosmos could trade between $40 and $60 in 2030 if adoption grows and the broader crypto market enters a sustained expansion cycle.

What is the Cosmos price prediction for 2040?

By 2040, Cosmos may reach $100 to $170 if interoperability demand rises and the network maintains long-term relevance.

What is the Cosmos price prediction for 2050?

Cosmos could trade between $150 and $300 by 2050, assuming continued ecosystem growth, long-term adoption, and favorable market cycles.

Is Cosmos a good long-term investment?

Cosmos shows long-term potential due to its interoperability focus, but price performance depends on adoption, market cycles, and technical breakouts.

Disclaimer and Risk WarningThe price predictions in this article are based on the author's personal analysis and opinions. CoinPedia does not endorse or guarantee these views. Investors should conduct independent research before making any financial decisions.

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Key Points:

Nasdaq removes position limits on Bitcoin and Ethereum ETF options.This aligns digital asset options with traditional commodities.The SEC’s rapid approval highlights confidence in market stability. Nasdaq has submitted a rule change to the SEC, effective January 7, removing position limits on Bitcoin and Ethereum options contracts linked to spot ETFs.

This change aligns digital asset options with commodity ETFs, potentially enhancing liquidity and market access without compromising investor protections, pending final SEC approval or suspension.

Nasdaq Elevates Bitcoin, Ethereum ETFs to Commodity Standards Nasdaq has submitted a rule change to the SEC to eliminate position limits on options tied to Bitcoin and Ethereum ETFs, effective immediately. This aligns the treatment of these digital assets with other options, aiming for consistency without affecting investor protection.

The rule change impacts how options on specific Bitcoin and Ethereum ETFs are managed, potentially increasing trading volumes and liquidity for these assets. The SEC’s decision to waive the typical 30-day review suggests strong regulatory confidence in market stability. “The removal of these limits indicates a matured understanding and robust infrastructure to support digital asset growth in line with traditional commodities,” as noted in the SEC filing.

Market responses have emphasized the importance of this alignment in fostering equal treatment across asset classes. Notably, regulatory bodies have underscored readiness to suspend the rule change within 60 days if concerns emerge.

Bitcoin Market Dynamics Amid Regulation Changes Did you know? Even before the limits were lifted, BlackRock’s iShares Bitcoin Trust held significant options interest, highlighting institutional confidence.

Bitcoin (BTC), a key asset in this move, currently trades at $88,861.56 with a market cap exceeding $1.78 trillion. It dominates 59.13% of the market, according to CoinMarketCap. Despite a 1.18% drop in the last 24 hours, it shows a three-month decline of 20.28%, reflecting its volatility.

Bitcoin(BTC), daily chart, screenshot on CoinMarketCap at 10:08 UTC on January 23, 2026. Source: CoinMarketCap Experts from Coincu suggest that removing position limits could increase liquidity and trading activity, signaling regulatory trust in the sector. This enhances market depth and may lead to more innovative financial products involving digital asset derivatives, which aligns with broader exchange objectives.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Lawmakers in Topeka are pushing a bold digital asset plan, with the kansas bitcoin reserve proposal aimed at turning crypto from a taxable novelty into a long-term state asset.

Summary

Senate Bill 352 and the creation of a state crypto treasuryHow the strategic reserve would workLegal framework and regulatory clarityKansas in the wider race for public bitcoin reservesMarket sentiment and community reactionLong-term implications for public finance Senate Bill 352 and the creation of a state crypto treasury The state of Kansas has entered the digital asset race after state senator Craig Bowser introduced Senate Bill 352, a measure to create a digital asset and crypto treasury at the level of the state treasury. The bill recommends that Bitcoin and other digital assets be deposited into state reserves and managed directly by the government.

Moreover, the initiative marks a clear shift from passive oversight to active participation in the crypto economy. Instead of treating digital assets purely as taxable items, the state would hold and operate them as long-term financial instruments within a dedicated treasury structure.

The proposal effectively establishes a state bitcoin treasury, signaling that Kansas is no longer content to stand on the sidelines while other jurisdictions experiment with institutional-grade crypto holdings.

How the strategic reserve would work The bill authorizes Kansas to collect crypto associated with unclaimed property, on-chain distributions such as airdrops, and staking rewards, and then retain those assets in a special treasury fund. However, the design is explicitly strategic rather than focused on short-term trading gains or speculative timing.

Under this framework, the kansas bitcoin reserve would operate as a locked, long-term asset pool held alongside more traditional financial reserves. That said, the approach aligns with the broader idea of a bitcoin reserve model in which public institutions accumulate, rather than frequently trade, their digital holdings.

Furthermore, the use of unclaimed crypto, network incentives, and bitcoin staking rewards as reserve inputs allows the state to build exposure without directly competing with retail investors in the open market.

Legal framework and regulatory clarity From a legal standpoint, Senate Bill 352 amends and expands existing Kansas unclaimed property laws to formally recognize cryptocurrencies as financial assets. This provides much-needed clarity for wallet providers, custodians, and exchanges operating within the state, which have often faced uncertainty over how such assets fit into traditional property rules.

Additionally, the bill makes it easier for the government to receive, store, and manage digital assets without operating in a legal grey area. By expressly integrating crypto into state law, Kansas reduces regulatory friction for future blockchain initiatives and signals that the asset class is being normalized in public finance.

However, as the legal framework matures, the state will still need robust custody, cybersecurity, and auditing standards to manage a growing portfolio of state digital assets in a secure and transparent way.

Kansas in the wider race for public bitcoin reserves Kansas joins a small but growing group of US states exploring public-sector bitcoin reserve strategies. States such as Texas and Arizona have already floated or implemented frameworks for holding BTC at the state level, creating early case studies in government crypto adoption.

These moves feed into ongoing national debates over a potential US Strategic Bitcoin Reserve, even as federal policy remains fragmented. As Washington hesitates, states are taking independent action to position themselves early on the institutional adoption curve and to experiment with new treasury management options.

Moreover, this bottom-up pressure could ultimately accelerate federal agencies’ work on clearer crypto frameworks, as a patchwork of state-level reserves raises questions about standards, coordination, and systemic risk.

Market sentiment and community reaction Historically, governments have not chased speculative hype cycles, and that conservative behavior often lends greater credibility to their eventual participation. The Kansas initiative arrives in a market still shaped by alternating phases of retail enthusiasm and fear, where price downturns frequently contrast with continued institutional accumulation.

That said, the Kansas proposal reinforces a narrative that strategic public actors are less focused on short-term volatility and more interested in multi-year positioning. For the crypto community, the bill is seen as another signal that government crypto adoption is steadily moving from discussion to implementation.

Furthermore, the move highlights a growing divide between individual traders reacting to daily price action and public entities that frame bitcoin exposure as part of broader macro and fiscal strategy.

Long-term implications for public finance If Senate Bill 352 passes, the Kansas framework could become a reference model for how governments approach digital asset reserves. It recasts Bitcoin from a purely taxable innovation into a competitive financial instrument that can coexist with bonds, commodities, and other reserves on a public balance sheet.

Over time, this could normalize state-level crypto reserves as part of standard public finance infrastructure, particularly if early adopters demonstrate robust governance and risk controls. However, the real impact is unlikely to be measured by near-term price moves.

In the long run, the significance lies in the institutional legitimacy conferred by policies like the Kansas bill, which embed crypto assets into formal treasury operations rather than treating them as a passing speculative trend.

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