Market Signal Briefing

Bitcoin price continues to face resistance around the $90,000 level, while a large-scale buyer has reportedly increased purchasing activity, according to statements from a cryptocurrency industry executive.

Summary

A Bitfinex whale is reportedly buying around 450 BTC per day near $90k, roughly matching daily mining supply at current prices. Glassnode flags a moderate bear phase, with market mean near support and short-term holder cost basis capping BTC with dense supply above $98k–$100k. Derivatives show dealers short gamma below $90k and long above it, options skew front-loaded, and futures participation thin, signaling fragile structure. Adam Back, CEO of Blockstream, stated that a “Bitfinex whale” is purchasing approximately 450 Bitcoin per day at current price levels. Back said the buyer initially acquired 300 Bitcoin daily but increased to 450 per day, matching the amount of Bitcoin mined globally each day.

Bitcoin price, is a break over $90k imminent? Data from analytics firm Santiment showed that Bitcoin “whales and sharks”—wallets holding between 10 and 10,000 Bitcoin—added 36,322 Bitcoin over a nine-day period despite weak market sentiment, according to the firm’s report.

📊 Bitcoin's price has fallen back down to $89.4K as gold & silver continue to surge. That said, Bitcoin's whales & sharks continue to accumulate.

🐳 Wallets with 10-10K $BTC: Accumulated +36,322 tokens in the past 9 days (+0.27%)
🦐 Wallets with under 0.01 $BTC: Dumped -132… pic.twitter.com/RnVOgVl3j2

— Santiment (@santimentfeed) January 20, 2026 Analytics firm Glassnode, in its latest on-chain report, characterized Bitcoin as remaining in a moderate bear phase bounded by specific price levels tied to cost-basis behavior. The firm identified a market mean as downside support and a short-term holder cost basis as upside resistance.

Glassnode stated that the recent rally partially filled an “air gap” between previously high price ranges, indicating that supply previously held by earlier buyers had been redistributed to newer market participants. The firm reported observing a wide and dense supply zone above the current threshold that has been gradually maturing into the long-term holder cohort.

According to Glassnode’s analysis, realized losses have been dominated by the three- to six-month holder cohort, with additional contributions from six- to twelve-month holders. The firm attributed this pattern to selling by investors who accumulated near recent price peaks and are now exiting as the price revisits their entry range.

On the profit side, Glassnode reported a rise in realizations from low-margin profit cohorts, consistent with breakeven sellers and short-term traders taking minimal gains rather than holding positions for further appreciation.

In derivatives markets, Glassnode noted that dealer gamma positioning has skewed lower, with market participants bidding for downside protection. This leaves dealers short gamma below a key strike price and long gamma above it, according to the firm’s analysis.

Glassnode described the derivatives market as appearing disengaged, characterizing futures participation as thin and noting that price movements have occurred without meaningful volume expansion. The firm also identified open interest adjustments without corresponding traded volume, a pattern it said is consistent with position churn rather than new leverage entering the market.

Options markets are pricing risk primarily at the front end, with short-term implied volatility reacting more than longer-dated measures, according to Glassnode.

Trading data from Bitfinex showed that margin long positions have been declining from recent peaks, then increased slightly during the recent price decline, signaling renewed buying activity on price dips in the short term. However, the broader trend over the past month remains downward, according to the data.

Bitcoin (BTC) is currently trading just under the $90,000 level after a brief dip to around 88,000 during the latest risk-off episode tied to tariff headlines, with nearby resistance stacked at $90,000–93,400 and major support in the $84,000–88,000 area.

Over the next 3–6 months, a reasonable base-case is a broad, violent range rather than a clean trend: with most analysts expecting a range of $80,000–110,000 as institutions continue to accumulate on dips via ETFs while macro (rate-cut expectations, trade tensions, election‑driven policy noise) periodically forces sharp liquidations.

On the bullish side, post‑halving cycle dynamics and growing institutional liquidity make a retest of the prior $108,000 peak and a push into the low six figures plausible if global risk sentiment stabilizes and U.S. rate cuts materialize; on the bearish side, a sustained break below $80,000 would likely signal that this cycle’s blow‑off already printed and open room toward the mid‑60,000s, especially if macro tightening resumes or regulatory shocks hit spot ETFs.

Key NotesEconomists warn that US inflation could re-accelerate, with forecasts potentially above 4% in 2026, impacting the crypto market upside.Over $600M in positions were liquidated across both longs and shorts amid sharp Bitcoin swings.A rebound in Japan’s long bonds also provided temporary relief to Bitcoin and the crypto market. Bitcoin BTC $90 014 24h volatility: 0.9% Market cap: $1.80 T Vol. 24h: $55.86 B and the broader crypto market bounced back following yesterday’s strong selling pressure as Trump has finally decided to back off from EU tariffs from Feb. 1. On Jan. 22, top altcoins like Ethereum ETH $3 012 24h volatility: 1.7% Market cap: $363.54 B Vol. 24h: $34.43 B , Solana SOL $130.1 24h volatility: 2.1% Market cap: $73.72 B Vol. 24h: $5.41 B , and Dogecoin DOGE $0.13 24h volatility: 2.0% Market cap: $21.38 B Vol. 24h: $1.34 B have also registered recoveries from yesterday’s bottom.

This move helped in curbing the crypto market volatility, as liquidations topped $900 million yesterday, triggered by a global risk-off shift triggered by Trump’s warnings toward Europe. However, inflation could be a major challenge for Bitcoin and the crypto market moving ahead.

US Inflation Could Be Next Challenge for Bitcoin and Crypto Market Although concerns around the US tariffs are easing, risk-on assets are still not completely out of the woods. Sticky inflation could pose a major challenge to BTC and crypto assets, as per economists, who point out that US living costs could accelerate this year. With the Senate Banking Committee prioritizing housing legislation, the crypto bill has also taken a backseat recently.

In a new research note, Peterson Institute for International Economics President Adam Posen and Lazard CEO and Chairman Peter R. Orszag said US consumer prices could come in stronger than expected in 2026, potentially rising above 4%.

This could also hold the Fed from opting for future interest rate cuts. Last week, JPMorgan Global Research said that it expects the US Fed to keep rates unchanged through 2026, maintaining the policy rate in the 3.5% to 3.75% range.

Posen and Orszag said inflation could be pushed higher by multiple forces, including Trump’s proposed tariffs on imports and a tighter labor market. This could eventually push the risk-on investors to the edge.

Crypto Market Faces Both Short and Long Liquidations Over $600 million in leveraged crypto positions were liquidated over the past 24 hours, according to CoinGlass data. The losses spread almost evenly between long and short trades across roughly 138,000 market participants.

The on-chain data shows that more than $300 million in liquidations happened on both sides. Liquidations were concentrated on major exchanges, with Binance recording about $120.8 million in forced closures, largely driven by long positions. Bybit saw nearly $95 million liquidated, with longs again slightly exceeding shorts.

The shakeout followed sharp intraday volatility in Bitcoin, which briefly dipped below $88,000 before recovering toward the $90,000 mark.

Another key factor impacting the market activity is the recovery in Japan’s long-term government bonds, which helped ease global borrowing costs. This has potentially eased the pressure on Bitcoin and other digital assets.

Crypto markets remain closely tied to moves in bond yields. Another sharp rise in rates could quickly renew downside pressure across bitcoin and the broader digital-asset market.

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

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

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Zcash (ZEC) is once again at a critical juncture as price weakness collides with structural changes inside the ecosystem.

The privacy-focused cryptocurrency is trading near $356, down 0.4% over the past 24 hours, extending a broader 7-day and 30-day downtrend.

This decline places Zcash directly on a long-term trendline support, a level that has historically defined shifts between bullish and bearish regimes.

Market participants are now questioning whether conviction remains strong enough to defend this zone.

Technical pressure builds as structure weakens Copy link to section

From a technical perspective, Zcash recently broke below a long-term ascending trendline, triggering fresh selling pressure.

The breakdown occurred on in November 2025 and it activated a bearish structure pointing to a potential 34% downside move toward $255.

In addition, ZEC is currently trading below its 7-day MA near $374 and its 30-day MA around $444, reinforcing the loss of bullish momentum.

Zcash price analysis | Source: TradingViewFurthermore, momentum indicators like Relative Strength Index (RSI) reflect stress rather than recovery.

The RSI-14 is at around 37, suggesting almost oversold conditions, although it is yet to produce a convincing bullish divergence.

Derivatives data adds to the tension, with short positioning increasing, leaving Zcash vulnerable to sharp squeezes if price rebounds, while also reflecting prevailing bearish sentiment.

Whales, however, appear to be telling a different story.

On-chain data shows a decline in exchange balances, signaling that large holders are accumulating rather than distributing.

This divergence between price action and whale behavior has raised the possibility of a developing bear trap.

Governance uncertainty reshapes sentiment Copy link to section

Beyond charts, governance developments continue to weigh heavily on Zcash.

The January 2026 exit of the Electric Coin Company (ECC) marked a turning point for the network.

ECC’s departure created uncertainty around leadership, funding, and the execution of future protocol upgrades.

The situation intensified when ECC-operated infrastructure, including DNS seeders, went offline.

In response, the Zcash Foundation DNS seeder deployment added five new geographically distributed seeders to stabilize peer discovery.

This move reduced reliance on a single organization and strengthened decentralization.

While operational continuity was restored, confidence took time to recover.

Former ECC developers have since launched new initiatives, including the CashZ wallet, further fragmenting the ecosystem.

For some investors, this diversification represents resilience.

For others, it introduces short-term uncertainty around coordination and roadmap clarity.

Winklevoss Brothers signal long-term confidence Copy link to section

Amid this backdrop, institutional support has emerged as a counterbalance.

The Winklevoss Brothers donated over 3,200 ZEC, worth roughly $1.2 million, to Shielded Labs.

The funding is directed at protocol-level work, including Crosslink, dynamic fees, and network sustainability mechanisms.

This donation followed a previous contribution, reinforcing long-term commitment rather than opportunistic support.

Shielded Labs operates independently of block rewards, relying on voluntary funding to advance Zcash’s core protocol.

For many market participants, the Winklevoss involvement serves as a vote of confidence in privacy-preserving technology and decentralized development.

The timing is notable, as it coincides with heightened governance concerns and falling prices.

This contrast between institutional backing and weak market sentiment defines the current Zcash narrative.

Zcash price forecast Copy link to section

Looking ahead to February, several price levels will shape the outlook for Zcash (ZEC).

The most important support to watch is $329, the January low, as a decisive break could accelerate downside toward $255.

Holding above this zone keeps the bear trap scenario alive.

On the upside, $359 is the first pivot level that bulls must reclaim to stabilize momentum.

A stronger recovery would require ZEC to move back above $375–$400, where short liquidations could fuel a relief rally.

Longer-term resistance remains near $450, which would invalidate much of the current bearish structure.

However, until clarity emerges, Zcash remains a test of conviction, balancing technical pressure against long-term belief in privacy, decentralization, and independent development.

Wall Street liquidity hits Solana, enabling 24/7 trading and broad access to tokenized equities.

Market Sentiment:

Bullish Bearish Neutral

Published: January 22, 2026 │ 9:40 AM GMT

Created by Kornelija Poderskytė from DailyCoin

More than 200 US stocks and exchange-traded funds (ETFs) are now available on Solana through Ondo Finance, are now available on Solana through Ondo Finance, giving its 3.2 million daily active blockchain users access to traditional equities with institutional-grade liquidity for the first time.

Sponsored

The launch makes Ondo Global Markets the largest issuer of real-world assets on Solana by asset count.

Today, Solana goes TradFi.

Hundreds of tokenized stocks & ETFs are now live on @solana, bringing the full TradFi portfolio to crypto’s largest trading ecosystem.

Millions of Solana users can now access Wall Street-grade liquidity across 200+ assets, including tokens tracking:… pic.twitter.com/JRZxcScOXj

— Ondo Finance (@OndoFinance) January 21, 2026 The offering includes blue-chip stocks such as Nvidia, Amazon, Walmart, and Meta, as well as technology, growth, and sector ETFs. Investors can also access leveraged ETFs, commodities-linked products like gold and silver, and thematic assets tied to sectors including artificial intelligence (AI) and electric vehicles.

Wall Street Liquidity Meets Onchain MarketsUnlike many tokenized platforms that rely on on-chain liquidity pools, Ondo sources liquidity directly from major exchanges such as the New York Stock Exchange and Nasdaq. 

This setup allows million-dollar trades with minimal slippage, addressing a common challenge for large on-chain transactions.

Ian De Bode, President of Ondo Finance, enables users to trade tokenized stocks “in size at brokerage prices,” combining the accessibility of blockchain with the reliability of traditional markets.

The platform launched with hundreds of assets live on day one, with plans to expand to thousands more over time.

Scaling Internet Capital Markets on SolanaThe Solana Foundation described the launch as a key step toward building global, high-performance internet capital markets. 

With Solana’s throughput and low-latency settlement, RWAs are increasingly seen as a core use case for on-chain finance.

Since its initial launch on Ethereum in September 2025 and subsequent expansion to BNB Chain, Ondo Global Markets has become the world’s largest tokenized securities platform. 

It currently reports more than $460 million in total value locked and over $6.8 billion in cumulative trading volume, underscoring growing institutional and market demand for tokenized equities.

Why This MattersThe launch enables traditional stocks to move on-chain, making trading more accessible and available around the clock.

Check out DailyCoin’s hottest crypto news today:
Solana ETF Bid & State-Backed Stablecoin Puts 2026 “Super-cycle” in Play
BTC Hits $88K as Macro Forces Keep Pulling the Strings

People Also Ask:What are tokenized stocks?

Tokenized stocks are digital representations of real-world shares on a blockchain. Each token typically mirrors the price and value of the underlying stock, allowing investors to trade equities on-chain.

How does Ondo Finance bring U.S. stocks to Solana?

Ondo Finance uses its Ondo Global Markets platform to issue tokenized versions of U.S. stocks and ETFs on Solana. The tokens are backed 1:1 by the actual securities held with licensed custodians.

How does liquidity work for these tokenized stocks?

Ondo Finance sources liquidity directly from major exchanges, including the NYSE and Nasdaq, enabling large trades with minimal slippage, unlike smaller on-chain liquidity pools.

Who can trade these tokenized stocks?

Solana users, including retail and institutional investors, can access tokenized stocks and ETFs on-chain. Some regulatory restrictions may apply for U.S.-based investors.

DailyCoin's Vibe Check: Which way are you leaning towards after reading this article?

Market Sentiment

0% Neutral

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Ethereum price is back above the psychological $3,000 mark, staging a modest but meaningful rebound after days of downward pressure. The second-largest cryptocurrency is up around $1.30% today, snapping a short-term bearish streak and hinting that buyers may be quietly regaining control. The move comes after ETH price briefly slipped below $3000 earlier this week. 

But instead of accelerating lower, ETH price found demand near the $2700-$2800 zone. While the recovery is still in its early phase, on-chain activity and technical structure suggest that the recent dip may have been more of an accumulation opportunity than a trend reversal.

Whales Step In as Smart Money Buys the DipOn-chain data paints a clear picture of strategic positioning beneath the surface. Data shows that a large OTC whale address acquired 10,000 ETH worth nearly $29 million during the market pullback, despite broader weakness. In a separate transaction, another institutional entity borrowed $70 million USDT from Aave and used it to purchase 24,555 ETH valued nearly $75.5 million, signaling high-conviction dip buying.

These flows suggest that large players are not waiting for confirmation from price action. Instead, they appear to be positioning ahead of a potential structural shift. At the same time, an early Ethereum OG wallet deposited 14,183 ETH worth around $42 million to Coinbase. While such deposits are often interpreted as selling pressure, this move appears more consistent with selective profit-taking rather than broad distribution, especially when contrasted with the scale of ongoing accumulation elsewhere.

Taken together, the data highlights a market split between long-term holders securing gains and institutions aggressively building exposure at current levels.

Ethereum Price Structure Signals 50% Upside Scenario Ethereum’s price chart structure continues to showcase a bullish medium-term outlook. On the daily chart, ETH price remains locked inside a rising macro structure, forming a series of cyclical rounded bases that have historically preceded massive rallies. The current price structure suggests that the recent dip toward the $2700-$2800 region may represent a higher low within a broader accumulation phase.

If broader market sentiment favors bulls, Ethereum price may see a potential 40-50% upside move, which could place ETH in the $4200-$4800 zone in the near term. As long as ETH price holds above $2700, the broader bullish structure remains intact. However, a break of that level would invalidate the pattern and re-open downside risk toward $2400.

Overall, Ethereum’s price reversal toward $3000 combined with whale accumulation and a bullish structural base, suggests that the market is cooling for a breakout, with a 50% upside move increasingly back in play.

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Vitalik Buterin Proposes Fix to Ethereum Staking — No More Single-Node Risk

Hassan Shittu

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Vitalik Buterin, the co-founder of Ethereum, has suggested the fundamental alteration to the staking system in the network to eliminate the dependency on one validator node.

In a detailed post published Wednesday on the Ethereum Research forum, Buterin introduced the idea of “native distributed validator technology,” or native DVT.

Source: ethresear.chThe idea would allow stakers to split validator responsibilities across multiple nodes directly at the protocol level rather than relying on complex external setups.

Ethereum’s Staking Boom Brings New Security QuestionsThe proposal comes as Ethereum staking reaches record scale with more than 36 million ETH now staked across nearly one million validators, with the total value of staked assets exceeding $118 billion.

Source: ValidatorQueue.While this growth has reinforced Ethereum’s security, it has also amplified long-standing concerns around centralization, operational risk, and the technical barriers faced by solo stakers.

For much of Ethereum’s proof-of-stake history, running a validator meant placing 32 ETH behind a single machine and a single private key.

Any failure, from a power outage to a software bug or security breach, could result in inactivity penalties or slashing.

These risks pushed many users toward large staking providers and liquid staking platforms, concentrating control of consensus among a relatively small group of operators and cloud providers.

Buterin’s proposal directly targets that single-node risk, as under the proposed native DVT, a validator with a larger balance would be allowed to register multiple keys, up to a maximum of 16, and define a threshold for signing duties.

Validator actions, such as block proposals or attestations, would only be considered valid if a minimum number of those keys signed off together.

As long as more than two-thirds of the nodes behave honestly, the validator would continue operating normally without penalties.

Buterin’s Native DVT Idea Targets Easier, Safer ETH StakingUnlike existing DVT solutions such as Obol or ssv.network, which rely on external tooling, networking layers, and the linear properties of BLS signatures, Buterin’s design would be embedded directly into Ethereum’s consensus rules.

He argued this would dramatically simplify staking operations, reduce setup complexity, and remove dependencies that may not be compatible with future cryptographic upgrades.

From a user perspective, Buterin described the experience as running multiple standard validator nodes with minimal configuration changes.

Most of the added complexity would be limited to block production, where one node would act as a temporary leader and others would co-sign its output.

The proposal is explicitly aimed at medium- to large-sized ETH holders, including institutions and individual “whales,” who currently face a choice between running fragile single-node setups or outsourcing control to staking providers.

By making multi-node staking simpler, Buterin said native DVT could increase client diversity, improve measurable decentralization metrics, and encourage more self-custodial staking.

Ethereum Developers Debate Practical Challenges of the DVT modelThe discussion quickly drew technical feedback from the community.

Ethereum developer Alonmuroch raised questions around coordination during block production, the possibility of multiple proposers racing to collect signatures, and the need for protocol-level key rotation to handle compromised keys without forcing validators to exit and re-stake.

Buterin largely agreed, noting that instant key changes should be feasible and that reducing operational headaches is central to the proposal’s motivation.

The proposal also fits into a broader shift in Buterin’s recent public messaging.

Earlier this month, he declared 2026 the year Ethereum would reclaim lost ground on self-sovereignty and trustlessness, calling for fewer compromises in favor of convenience.

Days later, he warned that Ethereum risks becoming an “unwieldy mess” if developers continue layering complexity onto the protocol without deliberate simplification.

, /PRNewswire/ -- Yum China Holdings, Inc. (NYSE: YUMC and HKEX: 9987, "Yum China" or the "Company") today announced, in compliance with the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "HKEX") which require advance notice of board meetings at which a dividend is expected to be declared, that its board of directors (the "Board") will consider the declaration and payment of a quarterly dividend (the "Dividend"). If the Board decides to proceed, the declaration will be adopted by Board resolution on or around February 4, 2026 (Beijing/Hong Kong Time) and will be promptly disclosed by the Company.

The Company makes available through the Investor Relations section of its internet website at http://ir.yumchina.com its filings with the HKEX as soon as reasonably practicable after electronically filing such materials with the HKEX. These filings may also be obtained by visiting the HKEX's website at http://www.hkex.com.hk.

As no Board resolution in relation to the Dividend has been adopted as of the date of this press release, there is no assurance that the Dividend will be declared.

Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. We intend all forward-looking statements to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally can be identified by the fact that they do not relate strictly to historical or current facts and by the use of forward-looking words such as "expect," "expectation," "believe," "anticipate," "may," "could," "intend," "belief," "plan," "estimate," "target," "predict," "project," "likely," "will," "continue," "should," "forecast," "outlook" or similar terminology. These statements are based on current estimates and assumptions made by us in light of our experience and perception of historical trends, current conditions and expected future developments, as well as other factors that we believe are appropriate and reasonable under the circumstances, but there can be no assurance that such estimates and assumptions will prove to be correct. Forward-looking statements are not guarantees of performance and are inherently subject to known and unknown risks and uncertainties that are difficult to predict and could cause our actual results or events to differ materially from those indicated by those statements. We cannot assure you that any of our expectations, estimates or assumptions will be achieved. The forward-looking statements included in this press release are only made as of the date of this press release, and we disclaim any obligation to publicly update any forward-looking statement to reflect subsequent events or circumstances, except as required by law. Numerous factors could cause our actual results or events to differ materially from those expressed or implied by forward-looking statements. All forward-looking statements should be evaluated with the understanding of their inherent uncertainty. You should consult our filings with the Securities and Exchange Commission (including the information set forth under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q) for additional detail about factors that could affect our financial and other results.

About Yum China Holdings, Inc. 

Yum China is the largest restaurant company in China with a mission to make every life taste beautiful. The Company operates over 17,000 restaurants under six brands across around 2,500 cities in China. KFC and Pizza Hut are the leading brands in the quick-service and casual dining restaurant spaces in China, respectively. In addition, Yum China has also partnered with Lavazza to develop the Lavazza coffee concept in China. Little Sheep and Huang Ji Huang specialize in Chinese cuisine. Taco Bell offers innovative Mexican-inspired food. Yum China has a world-class, digitalized supply chain which includes an extensive network of logistics centers nationwide and an in-house supply chain management system. Its strong digital capabilities and loyalty program enable the Company to reach customers faster and serve them better. Yum China is a Fortune 500 company with the vision to be the world's most innovative pioneer in the restaurant industry. For more information, please visit http://ir.yumchina.com.

Investor Relations Contact
Tel: +86 21 2407 7556
E-mail: [email protected] 

Media Contact
Tel: +86 21 2407 3824
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SOURCE Yum China Holdings, Inc.

Vancouver, BC, Jan. 22, 2026 (GLOBE NEWSWIRE) -- Skyharbour Resources Ltd. (TSX-V:SYH)  (OTCQX:SYHBF) (Frankfurt:SC1P) (“Skyharbour”, “SYH” or the “Company”) is pleased to announce plans for a major 2026 exploration campaign spanning several of the newly-formed Russel Lake joint ventures with Denison Mines Corp. (“Denison”) (TSX:DML) (NYSE American: DNN). Over 15,000 metres of diamond drilling is planned across the Wheeler North, RL, and Getty East joint ventures, each of which were formed following completion of the strategic transaction with Denison in December 2025 that resulted in a reorganization of the former Russell Lake uranium project into four separate property joint ventures (the “Russell Lake Joint Ventures”).

Reorganization of the Russell Lake Project:
https://www.skyharbourltd.com/_resources/images/Russell-Map-New.jpg

The Russell Lake Joint Ventures are strategically located in the central portion of the eastern Athabasca Basin of northern Saskatchewan, to the east of Denison’s flagship Wheeler River project, and with access to significant regional infrastructure, including an exploration camp, provincial highways, and the provincial power grid.

Russell Lake Project Area Location Map:
https://www.skyharbourltd.com/_resources/images/SKY_RussellLake.jpg

Highlights of 2026 Exploration Plans:

Immediate start to exploration at Denison-operated Wheeler North property with 2,500 metres planned for winter drilling at the Fox Lake Trail target, where previous drilling identified extensive faulting and intense illite- and dravite-dominated alteration, together with elevated uranium and boron geochemistry which confirms the presence of strong uranium-mineralizing hydrothermal systems. Additional 5,000 metres of drilling at the Wheeler North property’s Fork and Sphinx target areas is planned for later in the year, intending to follow up on drilling from the last two years which confirmed prospective structures and/or uranium mineralization. Target generation and diamond drilling follow up planned for Skyharbour-operated RL property expected to consist of ground EM surveys and 4,000-5,000 metres of diamond drilling across several prospective targets. Ground geophysical surveys and approximately 3,600 metres of diamond drilling targeting the Little Mann Lake prospect area and priority targets along the extension of the mineralized Middle Lake Trend on the Getty East property. In total, over 15,000 metres of diamond drilling planned in 2026 across newly reorganized properties at the Russell Lake Joint Ventures. Jordan Trimble, President and CEO of Skyharbour, stated: “2026 is set to be a transformative year for Skyharbour and the upcoming commencement of drilling at the recently formed Russell Lake joint ventures represents a key near-term catalyst. The planned +15,000-metre, multi-phased drill campaign at Russell is a substantial increase to previous annual drilling programs as we accelerate exploration efforts together with our new funding-partner, Denison, using systematic and proven exploration methodologies. We are confident that this collaboration with Denison will expedite the discovery process and leverage Denison’s success in exploring, permitting, and developing the neighboring Wheeler River Project, where the high-grade Phoenix deposit is positioned to become the next new large-scale uranium mine built in the region since the Cigar Lake mine.”

Mr. Trimble continued: “The Russell Lake Joint Ventures encompass one of the largest and most prospective land packages in the Athabasca Basin region, with a combination of proximity to existing and developing mines, as well as low-cost drilling and relatively shallow target depths. Combined with our recently announced plans for drilling in 2026 at our adjacent Moore Project, as well as at our Preston Project JV and various other partner-funded projects, the Company will have consistent news flow throughout 2026. With over 30,000 metres of diamond drilling anticipated across Skyharbour’s project portfolio in 2026, we believe the Company offers unique and significant discovery optionality.”

Wheeler North Property Plans:

Wheeler North consists of 16,409 hectares over eight claims that host numerous prospective exploration targets located adjacent to the Wheeler River Project. Ownership is initially 51% Skyharbour and 49% Denison, with Denison serving as the operator and holding additional earn-in options to achieve up to a 70% ownership interest. 

At Wheeler North, Denison is planning an exploration program comprising approximately 13 diamond drill holes totalling approximately 7,500 metres this year. The work is expected to be sole funded by Denison pursuant to its earn-in options, and is set to commence shortly with a focus on three high-priority target areas: Fork, Sphinx, and Fox Lake Trail (“FLT”).

At the Fork Zone, previous drilling by Skyharbour confirmed the presence of high-grade uranium mineralization, including the high-grade intersection in drill hole RSL24-02, which returned 3.0% U3O8 over 0.5 metres. Drilling in 2025 identified a broad corridor of intense sandstone and basement alteration associated with favourable geochemistry along strike to the north of hole RSL24-02. Drilling planned for 2026 will focus on systematically testing this intense alteration corridor with the objective of expanding the known mineralized footprint at the Fork Target.

To the northwest of the Fork Zone, the Sphinx target area has emerged as a newly identified, high-priority target area, which is located approximately one kilometre from Denison’s Phoenix deposit. Inaugural drilling completed in 2025 intersected a faulted graphitic unit in the basement, confirming the presence of a prospective reactivated structural corridor at Sphinx. The projected unconformity intersection of this structure is considered a priority follow-up target, with additional drilling planned to test this setting along strike.

At the Fox Lake Trail (“FLT”) Zone, drilling in 2025 by Skyharbour intersected strong hydrothermal alteration associated with uranium-mineralizing systems, including intense sandstone desilicification, brecciation, fracturing, elevated boron values, and widespread illite- and dravite-dominant clay alteration. Notably, drill hole RSL25-03A intersected a strongly altered sandstone fault zone with boron values up to 5,360 ppm, while RSL25-02 intersected anomalous basement-hosted uranium within a faulted graphitic unit, collectively indicating proximity to a fertile uranium-bearing structural corridor. A focused follow-up program of three to four drill holes is planned to commence in winter 2026, with contingency drill targets available on additional untested conductors within the FLT area.

RL Property Plans: 

The RL property covers 53,192 hectares over 16 claims located north and west of Skyharbour’s adjacent Moore Project. Skyharbour owns an 80% interest and is the project operator while Denison owns 20% and has committed to funding its share of the next $10 million in exploration expenditures on the property. 

The property hosts numerous exploration target areas, including Christie Lake, Blue Steel, Taylor Bay, South Russell, and Kowalchuk Lake. Skyharbour is carrying out electromagnetic (“EM”) surveys to further refine and prioritize targets along prospective structural corridors and underexplored conductors. This work will be followed by targeted diamond drilling of approximately 4,000 to 5,000 metres this year in 10-14 drill holes, designed to test high-priority targets generated from the integration of historical datasets, recent drilling results, and new geophysical interpretations.

Getty East Property Plans:

Getty East consists of one claim covering 3,105 hectares and hosts the Little Mann Lake uranium zone, as well as the interpreted extension of the Middle Lake trend. Skyharbour owns 70% of the property and will initially act as operator.  Denison has an initial 30% ownership interest, and holds additional earn-in options to acquire up to a 70% interest in the project, as well as the right to become the project operator. The work planned for 2026 is expected to be sole funded by Denison pursuant to its earn-in options.

Skyharbour is planning approximately 16.2 line-kilometres of ground MLTDEM surveying to better define priority conductive corridors associated with the interpreted extension of the Middle Lake trend. Historical drilling on this trend, located to the south of the Getty East property, returned high-grade uranium mineralization, including 22.1% U3O8 over 0.9 metres in drill hole ML-30. The geophysical survey is expected to be followed up by approximately 3,600 metres of diamond drilling in about 10 drill holes to test targets generated from the new geophysics and supported by historical drilling results.

Overview of Recent Skyharbour Exploration Programs at Russell:

Skyharbour recently drilled 19 holes totalling 9,844 metres, together with Moving Loop and Fixed Loop Transient Electromagnetic (TEM) surveys completed across multiple priority target areas within the original Russell Lake project area. This exploration focused on advancing several high-priority targets, including the Fork Zone, M-Zone Extension, Fox Lake Trail, and the newly identified Sphinx target area. Denison and Skyharbour plan to follow-up on the findings of the previously exploration at Russell with the 2026 programs.

First Phase of Exploration:

In the first phase, 8 diamond drill holes totalling 4,124 metres, were completed with 6 of these holes drilled at the newly identified Fork Zone to follow up on the high-grade mineralization intersected in previously reported hole RSL24-02. The remaining 2 holes were drilled at the M-Zone Extension, targeting historical ground EM anomalies.

The Fork Zone was discovered in 2024 and is host to the best uranium mineralization intercepted to date at the Russell Lake project. The highlight results included high-grade unconformity-hosted mineralization intercepted in previously reported RSL24-02, which returned 3.0% U3O8 over 0.5 metres within a broader 2.5-metre interval averaging 0.72% U3O8 at a relatively shallow depth of 338.1 metres. Prior to 2024, the Fork Target had seen minimal historical exploration due to the lack of reliable ground geophysical data, primarily caused by interference from the nearby powerline.

Sphinx and Fork Target Areas - Drill Collar Map:
http://www.skyharbourltd.com/_resources/images/Sphinx-and-Fork-Target-Areas-Drill-Collar-Map-0005.jpg

Hole RSL24-12 at the Fork Zone intersected 0.17% U3O8 over 0.5 metres from 337.8 to 338.3 metres at the unconformity. Anomalous As, Ni, Pb, V, Zn, and B were intersected, in addition to weak uranium mineralization from 330.0 metres until the unconformity at 338.3 metres. Basement geochemistry returned anomalous uranium within altered and structurally disrupted graphitic metasediments. RSL24-12 tested for continuity of mineralization encountered in RSL24-02 to the SSW but the optimum target at the unconformity was undershot thereby warranting further drilling here. Holes RSL24-11, -13, -14, -15, and -16 all intersected anomalous pathfinder elements at the Fork Zone associated with the hanging wall of the structure in graphitic basement lithologies, in addition to anomalous uranium ranging from 11.8(partial) to 150(partial) ppm U.

Fork Target Area - Drill Collar Map:
http://www.skyharbourltd.com/_resources/images/Fork-Target-Area-Drill-Collar-Map-0002.jpg

The MZE (“M-Zone Extension”) target lies on trend from Denison’s Wheeler River Project M-Zone, where historical drilling intersected basement and unconformity-hosted uranium mineralization. More recent drilling by Denison in 2020 at the M-Zone encountered additional uranium mineralization, along with significant faulting, core loss, geochemical anomalies, and radioactivity. The mineralization at M-Zone is hosted by a graphitic thrust fault within a significant magnetic low, which continues onto the Russell Lake property area at the M-Zone Extension target. It is also noted that lineaments (cross structures) associated with Denison’s Phoenix and Gryphon uranium deposits trend onto the Russell Lake property within the M-Zone Extension target area, further enhancing the prospectivity of this target.

Hole RSL24-17 was drilled to follow up on a 2024 hole at the MZE Zone that was lost in structurally disrupted and altered sandstone before reaching its target. RSL24-17 similarly encountered intense structure and alteration in the sandstone and was lost before intersecting the basement. Hole RSL24-18 intersected moderate hydrothermal hematite within the basal sandstone, and strong shearing locally overprinted by well-developed fault breccia and gouge within the basement. Anomalous uranium was intersected within fractured and altered granitic lithologies.

In addition to the drilling above, focused ground geophysical programs were completed over the Fork, Sphinx and Fox Lake Trail targets within the central and northern portions of the Russell Lake project area. The surveys across the Fork–Sphinx areas identified a series of previously unrecognized conductive anomalies, including four sub-parallel conductors at the Fork area, at least one conductive trend at Sphinx, and an additional parallel trend located between the Fork and Sphinx trends, now referred to as the McGowan trend. All of these conductors were virtually untested prior to the work in 2025. At the Fox Lake Trail area, the survey delineated four parallel conductive trends, of which only two had been drill tested prior to 2025, as earlier surveys failed to adequately resolve these features.

Second Phase of Exploration:

The second phase of drilling comprised of 11 drill holes totaling 5,720 metres, targeting the newly identified, high-priority conductors while also expanding on the successful 2024 discovery at the Fork Zone. Fork is now understood to be a northeast–southwest–trending structural corridor that runs sub-parallel to the historical Grayling Zone and remains largely underexplored. The northern strike extension of the Fork Trend, together with multiple parallel conductive trends to the west, remain virtually untested and represent high-priority targets for follow-up drilling.

Of the 11 holes in the second phase, 6 holes totaling 2,397 metres were completed at the Fork Zone. Hole RSL24-12W1 intersected 2.0 metres averaging 0.28% U3O8, including 0.5 metres of 0.68% U3O8 southwest of hole RSL24-02, confirming continuity along and across strike. A four-hole fence (RSL25-05, -08, -09, and -10) drilled approximately 325 metres north of RSL24-02 tested newly defined, parallel EM conductors located approximately 500 metres west of the historical Grayling showing. These conductors were untested prior to Skyharbour’s 2025 drilling. Holes RSL25-05, -08, and -10 intersected intense sandstone-hosted faulting with bleaching, desilicification, core loss, and clay alteration locally including visible dravite. Hole RSL25-09 intersected a graphitic basement fault zone and clay analyses confirmed illite-dominant alteration with local dravite, consistent with fertile uranium systems in the Athabasca Basin. An additional hole, RSL25-06, drilled approximately 330 metres SSW of RSL24-02, intersected granitic basement and did not explain the EM response. Further drilling in the area is required to adequately test this target with plans in 2026 to do so.

The faulting and associated alteration encountered in RSL25-05, -08, -09, and -10 represent the strongest structural and hydrothermal alteration intensity identified at the Fork Zone to date. This alteration system remains unconstrained along strike in both directions and across strike to the west, highlighting significant upside potential which has already produced grades of up to 3% U3O8 at the target area.

Skyharbour also completed a single drill hole, RSL25-07A, to test a newly identified ground EM conductor at the Sphinx target, representing the first drill test of this target. Sphinx is located approximately one kilometre southeast of the Phoenix deposit on the Wheeler River Project. The hole confirmed the EM anomaly as a faulted and altered graphitic pelite unit, intersected approximately 140 metres below the unconformity. The graphitic fault zone shows evidence of post-Athabasca reactivation and is associated with pervasive bleaching, supporting the interpretation of a structurally fertile system.

Geochemical sampling from RSL25-07A returned elevated uranium and associated pathfinder elements within faulted and graphitic intervals. PIMA analysis identified illite-dominant clay alteration in the sandstone and illite–chlorite alteration in the basement, indicating a well-developed hydrothermal system. Together, these results support the interpretation of a reactivated, structurally focused uranium-fertile corridor at Sphinx. With only one drill hole completed to date and the target located proximal to the Phoenix deposit, Sphinx remains a high-priority target for follow-up drilling planned in 2026.

Furthermore, Skyharbour completed 4 drill holes at the Fox Lake Trail area, located at the northern end of the Russell Lake project area. The drilling tested two of the recently defined conductors by the 2025 ground EM survey within a broad conductive corridor that has seen limited historical drilling with sporadic uranium mineralization and favourable hydrothermal alteration.

Fox Lake Trail Target Area – Drill Collar Map:
http://www.skyharbourltd.com/_resources/images/Fox-Lake-Trail-Target-Area-Drill-Collar-Map_rev-0003.jpg

Holes RSL25-02, RSL25-03A, and RSL25-04 tested the strike extension of the same conductive trend, while hole RSL25-01 tested a parallel conductive target to the southeast. The two drill fences are spaced approximately 800 metres apart. Holes RSL25-03A and RSL25-04 encountered the strongest hydrothermal alteration observed at Fox Lake Trail to date, including brecciation and significant quartz dissolution, while hole RSL25-02 intersected anomalous basement-hosted uranium of 250 ppm U over 0.5 metres within a faulted graphitic unit. Clay analysis confirmed illite- and dravite-dominant alteration. These conductive trends remain largely underexplored along strike, with an additional priority target identified through reinterpretation of historical EM data between the two drill fences, supporting continued follow-up exploration at Fox Lake Trail. Drilling will commence shortly at this target area.

Summary of Russell Lake Joint Ventures:

The Russell Lake Joint Ventures encompass a large, advanced-stage uranium exploration land package totalling 73,314 hectares in the eastern Athabasca Basin of northern Saskatchewan. The properties are strategically positioned between Cameco’s Key Lake and McArthur River operations and immediately east of Denison’s Wheeler River Project.

Following the completion of a major strategic transaction with Denison in 2025, the former Russell Lake project was restructured into four separate joint venture uranium properties: RL, Wheeler North, Getty East, and Wheeler River Inliers. Each property is subject to its own joint venture agreement with operatorship divided between the partners. Skyharbour is the operator at the RL Claims and Getty East, and Denison is the operator at Wheeler North and the Wheeler River Inliers. In aggregate, the strategic transaction included total project consideration of up to C$61.5 million with Skyharbour retaining an 80% interest at RL while Denison can earn up-to 70% at each of the other properties.

The Russell Lake Joint Ventures benefit from excellent regional infrastructure, with the northern extension of Highway 914 traversing the western portion of the land package and a high-voltage provincial powerline running parallel to the road. Across the joint ventures, there are numerous high-priority exploration targets including the Grayling, Fork, Little Mann Lake, Christie Lake, Fox Lake Trail, Sphinx, Blue Steel, Taylor Bay, South Russell, and Kowalchuk Zones. In addition, more than 35 kilometres of largely untested prospective electromagnetic conductors occur across the joint venture properties, highlighting the substantial discovery potential.

QA/QC, Radiometric Equivalent Grades and Spectrometer Readings:

All drill intervals above are downhole length and sampling procedures and QA/QC protocols for geochemical results as well as a description of downhole gamma probe grade calculations and protocols are below. All drill core samples are shipped to the Saskatchewan Research Council Geoanalytical Laboratories (SRC) in Saskatoon, Saskatchewan under the care of Skyharbour personnel for preparation, processing, and multi-element analysis by ICP-MS and ICP-OES using total (HF:NHO3:HClO4) and partial digestion (HNO3:HCl), boron by fusion, and U3O8 wt% assay by ICP-OES using higher grade standards. Assay samples are chosen based on downhole probing radiometric equivalent uranium grades and scintillometer (Radiation Solutions RS-125) peaks. Assay sample intervals comprise 0.5 metre continuous half-core split samples over the mineralized interval. These samples may also be selected for density determination using Rock Density by Dry Bulk Method (wax-coated displacement method). With all assay samples, one half of the split sample is retained and the other sent to the SRC for analysis. The SRC is an ISO/IEC 17025/2005 and Standards Council of Canada certified analytical laboratory. Blanks, standard reference materials, and repeats are inserted into the sample stream at regular intervals by Skyharbour and the SRC in accordance with Skyharbour’s quality assurance/quality control (QA/QC) procedures. Geochemical assay data are subject to verification procedures by qualified persons employed by Skyharbour prior to disclosure.

During active exploration programs, drillholes are radiometrically logged using calibrated downhole Mount Sopris HLP-2375 or 2GHF probes of varying sensitivities, which collect continuous readings along the length of the drillhole. Preliminary radiometric equivalent uranium grades (“eU3O8”) are then calculated from the downhole radiometric results. The probe is calibrated using an algorithm calculated from the calibration of the probe at the Saskatchewan Research Council facility in Saskatoon and from the comparison of probe results against geochemical analyses. In the case where core recovery within a mineralized intersection is poor or non-existent, radiometric grades are considered to be more representative of the mineralized intersection and may be reported in the place of assay grades. Radiometric equivalent probe results are subject to verification procedures by qualified persons employed by Skyharbour prior to disclosure. 

Qualified Person:

The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed and approved by Serdar Donmez, P.Geo., VP of Exploration for Skyharbour, as well as a Qualified Person.

About Skyharbour Resources Ltd.:

Skyharbour holds an extensive portfolio of uranium exploration projects in Canada's Athabasca Basin and is well positioned to benefit from improving uranium market fundamentals with interest in forty-three projects covering over 662,887 hectares (over 1.6 million acres) of land. Skyharbour owns a 100% interest in the Moore Uranium Project, which is located 15 kilometres east of Denison's Wheeler River project and 39 kilometres south of Cameco's McArthur River uranium mine. Moore is an advanced-stage, uranium exploration property with high-grade, shallow uranium mineralization at the Maverick Zones. Adjacent to Moore, Skyharbour is advancing several uranium properties within the Russell Lake project area with its joint venture partner and large strategic shareholder Denison Mines. Collectively these projects host multiple zones of high-grade uranium mineralization across a highly prospective land package with significant exploration upside, and the Company is actively working these assets through exploration and drilling programs.

Skyharbour now has joint ventures with industry-leaders Denison Mines and Orano Canada Inc. at the Russell Lake properties and the Preston project, respectively. The Company also has several active earn-in option partners, including CSE-listed Nexus Uranium Corp. at the Mann Lake Uranium Project; TSX-V listed North Shore Uranium at the Falcon Project; UraEx Resources at the South Dufferin and Bolt Projects; Hatchet Uranium at the Highway Project; CSE-listed Mustang Energy at the 914W Project; and TSX-V listed Terra Clean Energy at the South Falcon East Project. In aggregate, Skyharbour has now signed earn-in option agreements with partners that total to potentially over $76 million in partner-funded exploration expenditures and over $42 million in cash and share payments coming into Skyharbour, assuming that these partner companies complete the earn-ins at their respective projects.

Skyharbour's goal is to maximize shareholder value through new mineral discoveries, committed long-term partnerships, and the advancement of exploration projects in geopolitically favourable jurisdictions.

Skyharbour’s Uranium Project Map in the Athabasca Basin:
https://www.skyharbourltd.com/_resources/images/SKY_SaskProject_Locator_2025-12-16.jpg

To find out more about Skyharbour Resources Ltd. (TSX-V: SYH) visit the Company’s website at www.skyharbourltd.com.

SKYHARBOUR RESOURCES LTD.

“Jordan Trimble”

Jordan Trimble
President and CEO

For further information contact myself or:

Nicholas Coltura
Corporate Communications Manager
Skyharbour Resources Ltd.
Telephone: 604-558-5847
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: [email protected]

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

Forward-Looking Information:

This news release contains “forward‐looking information or statements” within the meaning of applicable securities laws, which may include, without limitation, completing ongoing and planned work on its projects including drilling and the expected timing of such work programs, other statements relating to the technical, financial and business prospects of the Company, its projects and other matters. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, 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 may differ materially from those in the forward-looking statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of uranium, the ability to achieve its goals, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms. Such forward-looking information reflects the Company’s views with respect to future events and is subject to risks, uncertainties and assumptions, including the risks and uncertainties relating to the interpretation of exploration results, risks related to the inherent uncertainty of exploration and cost estimates and the potential for unexpected costs and expenses, and those filed under the Company’s profile on SEDAR+ at www.sedarplus.ca. Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, adverse weather or climate conditions, failure to obtain or maintain all necessary government permits, approvals and authorizations, failure to obtain or maintain community acceptance (including First Nations), decrease in the price of uranium and other metals, increase in costs, litigation, and failure of counterparties to perform their contractual obligations. The Company does not undertake to update forward‐looking statements or forward‐looking information, except as required by law.

January 22, 2026 04:00 ET  | Source: iQIYI, Inc.

BEIJING, Jan. 22, 2026 (GLOBE NEWSWIRE) -- iQIYI, Inc. (NASDAQ: IQ) ("iQIYI" or the "Company"), a leading provider of online entertainment video services in China, today announced that it will report its financial results for the fourth quarter and fiscal year ended December 31, 2025 before the U.S. market opens on February 26, 2026.

iQIYI’s management will hold an earnings conference call at 6:30 AM on February 26, 2026, U.S. Eastern Time (7:30 PM on February 26, 2026, Beijing Time).

Please register in advance of the conference using the link provided below. Upon registering, you will be provided with participant dial-in numbers, passcode and unique access PIN by a calendar invite.

Participant Online Registration: https://s1.c-conf.com/diamondpass/10052620-8j25st.html

It will automatically direct you to the registration page of "iQIYI Fourth Quarter and Fiscal Year 2025 Earnings Conference Call", where you may fill in your details for RSVP.

In the 10 minutes prior to the call start time, you may use the conference access information (including dial-in number(s), passcode and unique access PIN) provided in the calendar invite that you have received following your pre-registration.

A telephone replay of the call will be available after the conclusion of the conference call through March 5, 2026.

Dial-in numbers for the replay are as follows:

International Dial-in+1 855 883 1031Passcode:10052620
A live and archived webcast of the conference call will be available at http://ir.iqiyi.com/.

About iQIYI, Inc.

iQIYI, Inc. is a leading provider of online entertainment video services in China. It combines creative talent with technology to foster an environment for continuous innovation and the production of blockbuster content. It produces, aggregates and distributes a wide variety of professionally produced content, as well as a broad spectrum of other video content in a variety of formats. iQIYI distinguishes itself in the online entertainment industry by its leading technology platform powered by advanced AI, big data analytics and other core proprietary technologies. Over time, iQIYI has built a massive user base and developed a diversified monetization model including membership services, online advertising services, content distribution, online games, talent agency, experience business, etc.

For more information, please contact:

Investor Relations
iQIYI, Inc.
[email protected]

HomeDividends AnalysisREITs AnalysisReal Estate Analysis

SummaryNETSTREIT Corp., a Texas-based retail REIT, gets its buy rating reaffirmed, despite share price growth since prior coverage.NTST’s diversified tenant base in essential retail categories and strong Sunbelt geographic exposure support resilience amid macroeconomic uncertainty.Tenant over-concentration risk is low, while this REIT also has relationships with major brands like Walmart and Home Depot.The REIT has been able to achieve dividend growth, and its AFFO should be able to comfortably cover the dividend.The risk of interest rate movements and their impact on real estate funding costs has been discussed. Atlantagreg/iStock via Getty Images

Today's Pick: A Texas-Based Retail REIT Whose Share Price Has Grown Today we are exploring a retail REIT called NETSTREIT Corp. (NTST), which is up around +13% since I recommended holding on to it in

Analyst’s Disclosure: I/we have a beneficial long position in the shares of WSR, FVR 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.

Author invests actively in retail REITs like FVR and WSR, mentioned in the article, as well as in a REIT mutual fund with many holdings, and is a writer of a book on REITs. He does not currently hold shares in the subject of this article, NETSTREIT.

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.

Zions Bancorporation delivered strong Q4 earnings on Tuesday, with 31% net earnings growth and robust net interest income expansion. The bank's loan portfolio grew 2.5% year-over-year, supported by a favorable credit environment and rising demand, especially in commercial lending. Zions Bancorporation saw an improvement in its asset quality in the fourth quarter, with the net charge-off ratio falling to just 0.05%.

, /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Bath & Body Works, Inc. ("Bath & Body Works" or "the Company") (NYSE: BBWI) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company's securities between June 4, 2024 and November 19, 2025, inclusive (the "Class Period"), are encouraged to contact the firm before March 16, 2026.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the Complaint, the Company made false and misleading statements to the market. Bath & Body Works' strategy of seeking "adjacencies, collaborations and promotions" failed to grow its customer base and net sales. The Company then resorted to brand collaborations to "carry quarters" despite weak financial results. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Bath & Body Works, investors suffered damages.

Join the case to recover your losses

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.          

CONTACT:

The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
[email protected]

SOURCE The Schall Law Firm

, /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Fermi Inc. ("Fermi" or "the Company") (NASDAQ: FRMI) for violations of the federal securities laws.

Investors who purchased the Company's securities pursuant and/or traceable to the registration statement and prospectus issued in connection with the Company's October 2025 initial public offering ("IPO") and/or between October 1, 2025, and December 11, 2025, both dates inclusive (the "Class Period"), are encouraged to contact the firm before March 6, 2026. 

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the Complaint, the Company made false and misleading statements to the market. Fermi overstated demand from tenants for the Project Matador campus. The Company misled investors about the extent to which it relied on a funding commitment from a single tenant to finance the construction of Project Matador. The Company suffered from a significant risk of funding commitment termination from this single tenant. Based on these facts, the Company's public statements were false and materially misleading throughout the IPO period. When the market learned the truth about Fermi, investors suffered damages.

Join the case to recover your losses.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:

The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
[email protected]

SOURCE The Schall Law Firm

, /PRNewswire/ -- The DJS Law Group reminds investors of a class action lawsuit against CoreWeave, Inc. ("CoreWeave " or "the Company") (NASDAQ: CRWV ) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Shareholders who purchased shares of CRWV during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments. Appointment as lead plaintiff is not required to partake in any recovery.

CLASS PERIOD: March 28, 2025 to December 15, 2025

DEADLINE: March 13, 2026

CASE DETAILS: According to the Complaint, the Company made false and misleading statements to the market. CoreWeave understated the risk of relying on a single third-party provider for data centers while also overplaying its ability to meet customer demand. Based on these facts, CoreWeave's public statements were false and materially misleading throughout the class period.

If you are a shareholder who suffered a loss, contact us to participate .

WHY DJS LAW GROUP? DJS Law Group's primary focus is to enhance investor return through balanced counseling and aggressive advocacy. We specialize in securities class actions, corporate governance litigation, and domestic/international M&A appraisals. Our clients are some of the largest and most sophisticated hedge funds and alternative asset managers in the world. The litigation claims of our clients are extraordinarily valuable assets that demand respect, focus, and results.

Join the case to recover your losses.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT: 
David J. Schwartz
DJS Law Group
274 White Plains Road, Suite 1
Eastchester, NY 10709
Phone: 914-206-9742
Email: [email protected]

SOURCE DJS Law Group LLP

, /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against CoreWeave, Inc. ("CoreWeave" or "the Company") (NASDAQ: CRWV) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company's securities between March 28, 2025, and December 15, 2025, inclusive (the "Class Period"), are encouraged to contact the firm before March 13, 2026.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the Complaint, the Company made false and misleading statements to the market. CoreWeave falsely claimed that it could meet customer demand while also downplaying the risk of relying on a single third-party vendor for data centers. The Company's failed acquisition of Core Scientific, delays in bringing data centers online, and media reporting revealed the truth about its operations. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about CoreWeave, investors suffered damages.

Join the case to recover your losses

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.          

CONTACT:

The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
[email protected]

SOURCE The Schall Law Firm

, /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Klarna Group plc ("Klarna" or "the Company") (NYSE: KLAR) for violations of the federal securities laws.

Investors who purchased the Company's securities pursuant and/or traceable to the Company's Offering Documents issued in connection with its initial public offering ("IPO") conducted on September 10, 2025 are encouraged to contact the firm before February 20, 2026.          

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the Complaint, the Company made false and misleading statements to the market. Klarna downplayed the risk of its loss reserves increasing substantially within months of its IPO. The Company was aware or should have known that given the risk profile of its customer base, loss reserve increases were actually likely in the months following the IPO. Based on these facts, the Company's public statements were false and materially misleading throughout the IPO period. When the market learned the truth about Klarna, investors suffered damages.

Join the case to recover your losses.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:

The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
[email protected]

SOURCE The Schall Law Firm

, /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Bitdeer Technologies Group ("Bitdeer" or "the Company") (NASDAQ: BTDR) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company's securities between June 6, 2024 through November 10, 2025, inclusive (the "Class Period"), are encouraged to contact the firm before February 2, 2026.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the Complaint, the Company made false and misleading statements to the market. Bitdeer consistently made positive statements to investors while concealing the true status of its SEALMINER A4 project. The Company failed to inform investors that its A4 rigs would not be capable of utilizing the SEAL04 chip to achieve energy efficiency because the chip was not ready for production. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Bitdeer, investors suffered damages.

Join the case to recover your losses

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.          

CONTACT:

The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
[email protected]

SOURCE The Schall Law Firm

HomeMarketsWith gold closing in on $5,000, Goldman Sachs again boost target as it highlights new source of demandGoldman Sachs lifts its target price to $5,400 from $4,900Published: Jan. 22, 2026 at 4:39 a.m. ET

Photo: Getty Images/iStockphotoGoldman Sachs again has boosted its gold price forecast — and this time analysts have identified a new source of demand to justify the increased target.

Gold GC00 has enjoyed a blistering start to 2026, rallying 11% in the first weeks of January and touching all-time highs just short of $4900 Wednesday. Goldman Sachs identified one key upside risk that has been triggered, prompting them to lift their end of year price objective for gold by 17% from $4,900 per ounce to $5,400.

Shares in B&M European Value Retail SA (LSE:BME) fell 2% in early trading after a third profits warning in four months, but pared losses as analysts said management appeared to be making progress in the turnaround.

The third-quarter trading update, covering the 13 weeks to 27 December, revealed that group sales increased 2.9%, driven by contributions from new space, partly offset by a 0.6% decline in UK like-for-likes.

In December alone, LFL sales grew 3.0%, following low single-digit declines in October and November, with early January trading said to have continued the positive LFL trend, supported by a strong customer response to clearance events across seasonal ranges and discontinued lines.

Full-year underlying profits (EBITDA) are now expected to come in at between £440 million and £475 million, down from previous guidance of £470-520 million and the City analyst consensus of £479 million.

Analysts at Deutsche Bank said the new strategy under CEO Tjeerd Jegen is "starting to bear some fruit" with LFL beating expectations with a return to positive growth in the past two months.

"We may need to see how much of this was driven by higher levels of discounting and whether even more price investment is required to maintain this momentum," they added.

They noted that Q3 UK LFLs were better than the consensus forecast for a 2% deline.

"Overall this print will divide opinion on whether the LFL recovery is more important than the gross margin investment," the Deutsche analysts said, maintaining their 'hold' rating.

"We see LFL as the most important part of the investment case and therefore view the early success as positive despite the guidance."

Broker Panmure Liberum said progress with Jegen's 'Back to B&M Basics' was "encouraging", with a reduction in FMCG lines informing further trials from February, ahead of a full UK rollout in the next financial year.

"Early stock availability trials are improving stock record accuracy and supporting the clearance of discontinued lines."

At Peel Hunt, analysts said they expected the statement "to be more negative than it proved", having "feared -2% or worse" for UK LFLs, and was also "encouraged" by the December performance. 

"However, we expect to downgrade numbers today, as the company plans deeper investment in stock clearance and to build on-shelf availability, which makes sense to us."

"The shares were discounting a downgrade, but the positive LFL in December is a boost. We continue to believe that the shares, with their strong cash-generative characteristics, are worth owning."

The shares fell to 166p in early trading, down 2%, but by after just over an hour of trading were down less than a penny at 172p. 

Estimate to Incorporate New Drilling Results and Extensive Historical Data, Targeting Significant Resource Growth

Highlights:

Formation is undertaking a fully funded 30,000-metre drill program at its flagship N2 Gold Project in Quebec, host to a global historic resource of ~871,000 ounces comprised of 18 Mt grading 1.4 g/t Au (~810,000 oz Au) across four zones (A, East, RJ-East, and Central)2,3 and 243 Kt grading 7.82 g/t Au (~61,000 oz Au) across the RJ zone2,4.

Formation's Phase 1 drill program was expanded to approximately 14,000 metres based on the results of the fieldwork to-date, which includes the following significant intervals that have material visually comparable to long gold intervals in historical drilling including 245-91-151, which intercepted 1.7 g/t Au over 35.0 metres:

N2-25-008: 208.8 metres of target mineralization was intercepted beginning at 28.6 metres downhole, with multiple intervals over 40 metres in width including up to 70.0 metres.

N2-25-011: 166.8 metres of target mineralization was intercepted beginning at 60.0 metres downhole, with multiple intervals over 20 metres in width including up to 70.6 metres.

Following the completion of Phase 1, nearly 70,000 metres will have been drilled at N2, the majority of which will be incorporated into Formation's maiden mineral resource estimate. The Company is targeting a conceptual open pit resource following the completion of all drilling.

The Company has working capital of ~C$12.1M with zero debt. Inclusive of provincial tax credits from the Quebec government, Formation's exploration budget for 2025-2026 is set at ~$8.1M.

VANCOUVER, BC / ACCESS Newswire / January 22, 2026 / Formation Metals Inc. ("Formation" or the "Company") (CSE:FOMO)(FSE:VF1)(OTCQB:FOMTF), a North American mineral acquisition and exploration company, is pleased to announce its intention to initiate a maiden mineral resource estimate compliant with NI 43-101 standards at its flagship N2 Gold Property ("N2" or the "Property") following the completion of its ongoing expanded 14,000-metre Phase 1 drill program.

Thirteen holes have been advanced to-date as part of the Company's fully funded 30,000-metre campaign, with the drilling successfully demonstrating:

Substantial widths of target mineralization are present: 10 drillholes have each intercepted over 80 cumulative metres of target mineralization, including N2-25-008 and N2-25-011, where 208.8 and 166.8 metres were intercepted, respectively.

Mineralization is shallow: 9 drillholes have intercepted target mineralization within the first 25 metres.

Strong potential for grade improvement: A 30.8 metre interval was intercepted in N2-25-013 with visible gold (see press release dated November 26, 2025).

Figure 1 - Visible gold discovered in the mineralized interval within N2-25-013.

With over 55,517 metres drilled historically yielding a global historic resource of ~871,000 ounces comprised of 18 Mt grading 1.4 g/t Au (~810,000 oz Au) 2,3 and 243 Kt grading 7.82 g/t Au (~61,000 oz Au)2,4, these results, combined with historical data, confirm excellent continuity of mineralization and support the Company's conceptual open-pit resource.

The N2 Project is particularly well-suited for open-pit mining due to its near-surface mineralization (starting as shallow as 15 metres downhole), thick and continuous zones (often exceeding 100-200 metres in width), repeatable intercepts across long strikes, low variability in grades, and potential for a low strip ratio.

Historically significant drill results include:

"A" Zone: 1.7 g/t Au over 35 metres, 1.48 g/t Au over 13.7 metres, 1.41 g/t Au over 14.3 metres and 2.02 g/t Au over 15 metres.

"RJ" Zone: 48.4 g/t Au over 0.5 metres, 24.5 g/t Au over 0.9 metres, 16.5 g/t Au over 3.6 metres, 11.14 g/t Au over 3 metres, and 8.94 g/t Au over 5.1 metres.

This bulk-tonnage style deposit, combined with shallow depths and favorable geology in the Taibi Group metasedimentary rocks (similar to nearby producers like Vezza and Casa Berardi) interbedded by several volcanic flows of mafic to intermediate composition (basalt to andesitic basalt), positions N2 for efficient, large-scale open-pit development with significant economic advantages.

Strategically located 25 km south of the mining town of Matagami, Quebec, N2 comprises 87 claims totaling approximately 4,400 hectares in the prolific Abitibi Greenstone Belt (Casa Berardi Deformation Zone). This prime location provides year-round access via provincial highways and logging roads, proximity to skilled labor, power infrastructure, and established mining services in a jurisdiction known for its gold production exceeding 200 million ounces historically. The project lies along the Casa Berardi mine trend, which hosts multiple million-ounce gold deposits, and is situated approximately 1.5 km east of the former-producing Vezza gold mine operated by Nottaway Resources from 2013 to 2019 producing over 100,000 ounces of gold via underground methods.

Other notable nearby operations include Hecla Mining's Casa Berardi mine1 (approximately 120 km to the northwest, with over 2 million ounces produced historically and 14.3 Mt @ 2.75 g/t Au P&P in reserve) and Maple Gold Mines' Douay project1 (30 km to the east, hosting 10 Mt @ 1.59 g/t Au indicated, and 76.7 Mt @ 1.02 g/t Au inferred). The region's robust infrastructure supports toll milling opportunities, with potential access to nearby processing facilities such as those at Casa Berardi or other Abitibi mills, enabling cost-effective development without the need for on-site mill construction.

Why N2 Has Strong Potential to Host an Open Pit Resource

The Company's internal view is that the N2 Project has the potential to host a potential open pit resource. This optimism is driven by several key factors:

Significant Undrilled Strike Length: The "A" Zone alone has >3.1 km of strike open (only ~35% drilled historically), while the RJ Zone has >4.75 km remaining untested-offering substantial room for lateral expansion of known mineralization.

Open at Depth and Along Strike: All six zones remain open, with historical drilling limited to shallow depths (~350 m), leaving considerable vertical upside in a proven gold camp.

Wide, Continuous Near-Surface Intercepts: Recent drilling has confirmed thick zones (100-200+ m) of target mineralization starting near surface, ideal for bulk-tonnage open-pit scenarios with low strip ratios and high tonnage potential.

Regional Analogy and Pedigree: Located in the Casa Berardi trend, which hosts multiple multi-million-ounce deposits (e.g., Casa Berardi >2 Moz produced and 14.3 Mt @ 2.75 g/t Au P&P in reserve, Douay >3 Moz in resources (10 Mt @ 1.59 g/t Au indicated, and 76.7 Mt @ 1.02 g/t Au inferred), N2 shares similar geology and structural controls. Nearby Vezza produced from higher-grade underground mining, but N2's shallower, wider zones suggest superior open-pit economics.

Untested Targets: Compilation work identified numerous geophysical anomalies (IP, EM, VTEM) that remain undrilled, providing discovery potential beyond known zones.

Rising Gold Prices and Economic Viability: At current gold prices, lower-grade bulk-tonnage deposits become highly attractive, enhancing the project's upside.

These elements collectively support the potential to advance beyond the historic ~871,000 oz base toward a open pit deposit through successful expansion drilling and resource delineation.

"We are excited to advance to this critical next step at N2 following the impressive outcomes from our maiden drill program," said Deepak Varshney, CEO of Formation Metals Inc. "The wide intercepts of near-surface mineralization, coupled with the project's historic resource base from decades of work by reputable operators like Agnico-Eagle and others, and significant underexplored strike potential, position us well to delineate a substantial NI 43-101 compliant resource. Our internal target and view of potential for N2 reflects the substantial upside we see as we integrate these new data points and continue to unlock value in this advanced Abitibi gold asset."

The maiden resource estimate will be prepared by an independent qualified person in accordance with National Instrument 43-101 guidelines. It will incorporate advanced geological modeling, updated metallurgical data, and geostatistical analysis of both recent and historical drilling. Completion is anticipated by Q3 2026, with opportunities identified for further resource expansion through ongoing and future drilling.

Figure 2 - Historic drillhole locations; Formation believes that there is over 15 kilometres of strike to explore at the N2 property.

Project Summary

Comprising 87 claims totaling ~4,400 ha within the Abitibi sub-province of Northwestern Quebec, Formation's flagship N2 Gold Project is an advanced gold project with a global historic resource of ~871,000 ounces comprised of 18 Mt grading 1.4 g/t Au (~810,000 oz Au) across four zones (A, East, RJ-East, and Central)2,3 and 243 Kt grading 7.82 g/t Au (~61,000 oz Au) across the RJ zone2,4.

There are six primary auriferous mineralized zones in total, each open for expansion along strike and at depth (Fig. 2). Compilation and geophysical work by Balmoral Resources Ltd. (now Wallbridge Mining) from 2010 to 2018 generated numerous targets that have not yet been investigated with diamond drilling.

The drilling at N2 is designed to focus on discovery drilling at new high-potential targets along the mineralization strikes at the "A", "RJ" and "Central" zones in the northern part of the Property in order to discover new auriferous trends and unlock new zones of gold mineralization. The program will also focus on high-priority infilling and expansion targets in these zones to significantly enhance the auriferous zones identified to-date (Fig. 2).

Historical highlights from the top two priority zones include:

A Zone: A shallow, highly continuous, low-variability historic gold deposit with ~522,900 ounces identified at a grade of 1.52 g/t Au. ~15,000 metres have been drilled historically across 1.65 km of strike, with over 3.1 km of strike remaining to be tested. 84% of historical drillholes intercepted auriferous intervals including up to 1.7 g/t over 35 metres.

RJ Zone: a high-grade historic gold deposit with ~61,100 ounces identified at a grade of 7.82 g/t Au, with high-grade intercepts from historical drill holes as high as 51 g/t Au over 0.8 metres and 16.5 g/t Au over 3.5 metres2. This zone was the target of the most recently drilling at the Property by Agnico-Eagle Mines in 2008, when the price of gold was ~US$800/oz. Only ~900 metres of strike has been drilled, with 4.75+ km of strike remaining to be tested.

Figure 3 - Property overview summarizing historical work completed at each of the six mineralized zones and their respective historical resource.

The Company also believes that N2 has significant base metal potential, where it recently completed a revaluation process which revealed significant copper and zinc intercepts within historic drillholes known to have significant gold grades (>1 g/t Au). Assay results range from 200 to 4,750 ppm and 203 ppm to 6,700 ppm, for copper and zinc, respectively, indicating strong potential for elevated base metal (Cu-Zn) concentrations across the property, specifically at the A and RJ zones. Property wide geology at N2 features volcanic and sedimentary rocks formed in regional anticlinal and synclinal flexures. Three principal deformation structures, oriented along the known NW-SE to WNW-ESE structural trends typical of VMS deposits in the Matagami region, function as critical geologic controls for mineralization on the property.

For the 2026 exploration season, Formation plans to concentrate its efforts on the northern part of N2, targeting gold deposit expansion and discovery along identified zones and fault systems associated with the main deformation features (specifically WNW-ESE trend), with IP surveys and drilling planned to model mineralized zones that will hopefully contribute to an updated NI 43-101 compliant resource. Formation will also look to further review historic base metal assays from older drill core and undertake additional work in 2026 to assess the property's copper and zinc potential.

Qualified person

The technical content of this news release has been reviewed and approved by Mr. Babak V. Azar, P.Geo., géo (OGQ#10876) an independent contractor and a qualified person as defined by National Instrument 43-101. Historical reports provided by the optionor were reviewed by the qualified person.

About Formation Metals Inc.

Formation Metals Inc. is a North American mineral acquisition and exploration company focused on the development of quality properties that are drill-ready with high-upside and expansion potential. Formation's flagship asset is the N2 Gold Project, an advanced gold project with a global historic resource of ~871,000 ounces (18 Mt grading 1.4 g/t Au (~810,000 oz Au) across four zones (A, East, RJ-East, and Central)2,3 and 243 Kt grading 7.82 g/t Au (~61,000 oz Au) across the RJ zone2,4) and six mineralized zones, each open for expansion along strike and at depth including the "A" zone, of which only ~35% of strike has been drilled (>3.1 km open), and the "RJ" zone, host to historical high-grade intercepts as high as 51 g/t Au over 0.8 metres.

FORMATION METALS INC.

Deepak Varshney, CEO and Director

For more information, please call 778-899-1780, email [email protected] or visit www.formationmetalsinc.com.

Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

Notes and References:

Readers are cautioned that the geology of nearby properties is not necessarily indicative of the geology of the Property.

The above referenced resource estimates do not have a category, are considered historical in nature, and are based on prior data prepared by a previous property owner, and do not conform to current CIM categories.

While the Company considers the estimates to be reliable, a qualified person has not done sufficient work to classify the historical estimates as current resources in accordance with current CIM categories and the Company is not treating the historical estimates as a current resource. A 0.5 g/t Au cut-off was used in the preparation of the historical estimates with a minimum 2.5 metre mining width.

Significant data compilation, re-drilling, re-sampling and data verification may be required by a qualified person before the historical estimates can be classified as current resources. There can be no assurance that any of the historical mineral resources, in whole or in part, will ever become economically viable. In addition, mineral resources are not mineral reserves and do not have demonstrated economic viability. The Company is not aware of any more recent estimates prepared for the N2 Property.

Needham, B. (1994), 1993 Diamond Drill Report, Northway Joint Venture, Northway Property; Cypress Canada Inc.; 492 pages.

Guy K. (1991), Exploration Summary May 1, 1990 to May 1, 1991 Vezza Joint Venture Northway Property; Total Energold; 227 pages.

Forward-looking statements:

This news release includes "forward-looking statements" under applicable Canadian securities legislation, including statements respecting: the Company's plans for the Property and the expected timing and scope of the drilling program at the Property; the Company's goal of delivering a near-surface multi-million-ounce deposit the Property; the Company's view that the Property has the potential for over three million ounces of gold; the Company's planned 30,000-metre drilling program. Such forward-looking information reflects management's current beliefs and is based on a number of estimates and/or assumptions made by and information currently available to the Company that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors that may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Readers are cautioned that such forward-looking statements are neither promises nor guarantees and are subject to known and unknown risks and uncertainties including, but not limited to, general business, economic, competitive, political and social uncertainties, uncertain and volatile equity and capital markets, lack of available capital, actual results of exploration activities, environmental risks, future prices of base and other metals, operating risks, accidents, labour issues, delays in obtaining governmental approvals and permits, and other risks in the mining industry.

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

SOURCE: Formation Metals

Vancouver, British Columbia--(Newsfile Corp. - January 22, 2026) - Adelayde Exploration Inc. (CSE: ADDY) (OTCID: SPMTF) (WKN: A41AGV) (the "Company" or "Adelayde") announces it has joined the National Defense Industrial Association (NDIA) in support of the advancement of its critical and strategic mineral portfolio. The NDIA is a USA organization promoting national security by connecting industry and government.

The National Defense Industrial Association drives strategic dialogue in national security by identifying key issues and leveraging the knowledge and experience of its military, government, industry, and academic members to overmatch capabilities to threats. NDIA, comprised of its Affiliates, Chapters, Divisions, and 1,700 corporate and 66,500 individual members, is a non-partisan, non-profit, educational association that has been designated by the IRS as a 501(c)3 nonprofit organization and was founded to educate its constituencies on all aspects of national security.

By joining NDIA, the Company gains unparalleled access to a wealth of resources, including cutting edge research, strategic policy advocacy, and industry leaders in addition to exclusive events such as conferences and exhibitions where management can engage directly with industry leaders to help advance the Company's critical minerals projects.

Adelayde management is optimistic to be able to leverage relationships established through membership in the NDIA to help advance the Company's Critical Minerals projects including the 1,136-acre McGee lithium clay deposit, which has a mineral resource estimate of 1,369,000 indicated tonnes and 723,000 inferred tonnes of lithium carbonate equivalent (LCE) for a total of 2,092,000 tonnes of LCE, directly bordering SLB (formerly Schlumberger) and Century Lithium Corp.

James Nelson, President of Adelayde, stated, "Lithium prices are currently at 2-year highs and are now up over 150% since June 2025, according to tradingeconomics.com(1). As critical minerals are becoming paramount to domestic security, we felt this is a crucial time to join the NDIA. As evidenced by the 6-month lithium price chart, attention towards domestic lithium has significantly renewed since President Trump agreed to take a stake in Lithium Americas Thacker Pass Lithium Mine in Nevada, announced by Reuters (2) on October 1, 2025. With the recent resurgence of investor attention back into the lithium sector, management feels this is an opportune time to proceed with multiple critical minerals work programs. The company will be very active for the remainder of 2026 and beyond, and management is very optimistic about the short and long-term growth prospects as we have enough cash on hand to execute on our planned work programs."

Qualified person for mining disclosure:

The technical contents of this release were reviewed and approved by Frank Bain, PGeo, a director of the company and qualified person as defined by National Instrument 43-101.

The Technical Report and mineral resource estimate for the McGee Lithium Clay Deposit have been prepared by Derek Loveday, PGeo, and Mariea Kartick, PGeo, of Stantec Consulting Services Ltd. in conformity with CIM (Canadian Institute of Mining, Metallurgy and Petroleum) Estimation of Mineral Resource and Mineral Reserves Best Practices guidelines and are reported in accordance with the Canadian Securities Administrators' National Instrument 43-101, announced on June 17, 2022.

About Adelayde Exploration Inc.

Adelayde's projects include three lithium projects in Clayton Valley, Nevada: the 1,136-acre McGee lithium clay deposit, which has a resource estimate of 1,369,000 indicated tonnes and 723,000 inferred tonnes of lithium carbonate equivalent (LCE) for a total of 2,092,000 tonnes of LCE, directly bordering SLB (formerly Schlumberger) and Century Lithium Corp.; the 280-acre Elon lithium brine project, which has access to some of the deepest parts of the only lithium brine basin in production in North America; and the 124-acre Green Clay lithium project. The Company also holds the 248-acre Clayton Ridge gold project in Esmeralda County, Nevada; the 4,722-acre George Lake South antimony project and the 9,780-acre Sisson North tungsten project, both located in New Brunswick.

If you would like to be added to Adelayde's news distribution list, please send your email address to [email protected].

Adelayde Exploration Inc.

"James Nelson"

James Nelson
President, Chief Executive Officer and Director

The CSE has neither approved nor disapproved of the contents of this press release.

Forward-Looking Statements

Certain information in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact included in this news release are forward-looking statements that involve risks and uncertainties such as the proposed use of proceeds from the Financing. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of Adelayde. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and Adelayde disclaims any intention or obligation to update or revise such information, except as required by applicable law.

https://tradingeconomics.com/commodity/lithium (1)

https://www.reuters.com/business/autos-transportation/us-government-take-5-stake-lithium-americas-joint-venture-with-general-motors-2025-09-30/ (2)

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/281146

Source: Adelayde Exploration Inc.

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Vancouver, British Columbia--(Newsfile Corp. - January 22, 2026) - Questcorp Mining Inc. (CSE: QQQ) (OTCQB: QQCMF) (FSE: D910) (the "Company" or "Questcorp") along with its partner Riverside Resources Inc. (TSXV: RRI) (OTCQB: RVSDF) (FSE: 5YY0) ("Riverside"), is pleased to report a high grade interval of 20.2 g/t gold and 226 g/t silver with 2.7% zinc over a 30 m long continuous chip channel sample along the decline wall at the Union Mine area, completed during the 2025 Phase I exploration and drill program at the La Union Project in Sonora, Mexico. The Company is also releasing the remaining results from the drill program following up on the 2026-Jan-12 News Release of initial results.

Final Highlights of the Phase 1 Drill and Exploration Program

Chip channel sampling oblique to strike along the decline wall at the Union Mine returned 30 m @ 20 g/t gold and 226 g/t silver (600 gram-metres gold and 6780 gram-metres silver) suggesting significant mineralization remains in place. Drilling at the Union Mine, Union Norte, and El Cobre target areas hit Carbonate Replacement Deposit (CRD) style of mineralization with favorable indications, including anomalous levels of zinc, silver, gold, and lead, consistent with previous mining and positive for the program.This compliments the comparable results from Famosa and Famosa EM target reported earlier.Indications of possible Carlin-like sediment-hosted gold indicators in the upper parts of the Union Mine drilling, indicate a potential disseminated gold target on the property, complimenting the Luis Hill target where the one drill hole intersected a sediment-hosted gold target with 42 m at 0.3 g/t gold in black shales and carbonate strata similar to Carlin Nevada style."We are extremely pleased with the success of our initial Phase I drilling and chip channel sampling at La Union. The drilling and exploration continue to support the CRD model envisaged by John-Mark Staude and his team at Riverside. The unexpected Luis Hill discovery of "Carlin" type gold mineralization further enhances the productivity of the La Union project. We see flashing green to continue forward with our exploration journey," said Saf Dhillon, President & CEO of Questcorp.

"Riverside is excited by the high grade of 600 gram-metres gold and 6,780 gram-metres silver represented by the 30 metres of continuous chip channel sampling from the Union Mine area," said John-Mark Staude, President and CEO of Riverside Resources. "These results, together with the completed Phase 1 drill assays from Union Mine, Union Norte and El Cobre, reinforce that drilling is intersecting the types of CRD-style alteration and multi-element signatures we were targeting, including anomalous zinc, silver, gold and lead consistent with the historic mining district and also finding sediment-hosted gold ("SHGD") indicators is a key development in progressing the Union Project and supports the technical rationale for aggressive follow-up work in 2026."

Chip Channel Sampling, Union Mine Area

Chip channel sampling along the decline wall at the Union Mine returned high grade gold and supports follow-up exploration, with the potential to drill from the upper most mine workings or from surface to expand upon the 30 m at 20 g/t gold and 226 g/t silver zone. Table 1 discloses the full assay results of the gossan oxides with high grade zinc as is typical of CRDs in the region. The type deposit in the region is Hermosa's South32 Taylor Deposit in southernmost Arizona near the Sonora border immediately north of the Union Project hosting probable reserves of 65Mt 4.35% zinc, 4.90% lead and 82 g/t silver and measured and indicated resources of 124Mt 3.66% zinc, 4.02% lead and 73 g/t silver. Hermosa South32 is currently investing $2.6 billion to develop the Hermosa Project. Sources: South32 2025 Annual Report; https://south32hermosa.com/wp-content/uploads/2025/05/S32_Hermosa-Project-Overview-EN_050125-Web-1.pdf.

Table 1. Chip Channel Sample Results from Union Mine Decline

30 meter continuous chip channel sampling interval Union Mine Adit

SampleIDSampleTypeWidth_mRockTypeAu_ppmAg_ppmZn_%As_ppmCu_ppmPb_ppmRRI 13959Chip Channel3Gossan oxides of CRD Dolomite0.161333.21358392467RRI 13961Chip Channel3Gossan oxides of CRD Dolomite0.04853.536191160171RRI 13962Chip Channel3Gossan oxides of CRD Dolomite11.57552.8342010802840RRI 13963Chip Channel3Gossan oxides of CRD Dolomite610832.31>50001030759RRI 13964Chip Channel3Gossan oxides of CRD Dolomite12.756104.06>50002160722RRI 13965Chip Channel3Gossan oxides of CRD Dolomite0.1591072.25>500016301190RRI 13966Chip Channel3Gossan oxides of CRD Dolomite1.1151974.35>50004261020RRI 13967Chip Channel3Gossan oxides of CRD Dolomite0.282500.7>500061242RRI 13968Chip Channel3Gossan oxides of CRD Dolomite14.73663.11>500020402650RRI 13969Chip Channel3Gossan oxides of CRD Dolomite155.41540.443302142660

Total Amounts
30Total Grams over 30 m =202225726720

Interval
30 m @ 20.2g Au, 226 g Ag, 2.7% Zn

Table 1: Full 30m channel sampling results with the interval. For reference, using a 24 m continuous subset of the channel interval, the average weighted grade is 25 g/t gold and 290 g/t silver. The sampling is oblique to strike.

The Union Mine cross section (Figure 1) shows holes 1 and 8 along with the gold-rich channel sampling results, providing context for the 30 m gold-silver-zinc interval relative to some of the known ore bodies. Areas for follow-up and expansion at Union Mine area are clearly indicated to the right (southeast) in Figure 1 as the 2025 drilling has helped define the stratigraphy and highlighted areas of SHGD styles of mineralization similar to eastern Nevada. The bottom of hole 8 hit strong indications of CRD mineralization prior to intersecting the mine workings, as well as manto horizons along the drill hole with 15.85m @ 214 ppm Zn in dolomitized limestone. Drill hole 7, drilled north of holes 1 and 8 and the cross section hit 14m @ 0.1% Zn in the Union Mine area as well.

Figure 1: Cross section through the Union Mine area showing Phase 1 drill holes (including holes 1 and 8), interpreted mine workings/ore zones, and the location of the continuous channel sample along the Union Mine decline wall. The section illustrates the spatial relationship between the high-grade Au-Ag-Zn channel interval and nearby drill intercepts and provides geological context for potential follow-up targeting for both CRD and SHGD.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10197/281197_44ef014414fe69cd_001full.jpg

The second Union Mine cross section (Figure 2) shows the channel sampling along with the location of historic mining, highlighting areas with remaining CRD potential.

Figure 2: Cross section of the Union underground sampling and some of the orebodies previously mined that could have remaining potential as CRD targets for next round of follow up.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10197/281197_44ef014414fe69cd_002full.jpg

Phase 1 Drill and Exploration Program Highlights

The location of all 12 drill holes from the 2025 Phase I programs are shown in the drill plan (Figure 3), with the channel sampling area and the Union Mine, Union Norte and El Cobre target areas highlighted.

Figure 3: Union project drill hole locations for 1600m with 12 total holes in Phase 1 program with Questcorp and Riverside working together during 2025 exploration program.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10197/281197_44ef014414fe69cd_003full.jpg

While the results from the Famosa Targets and Luis Hill were disclosed in the 2026-Jan-12 News Release, Table 2 discloses the full results from the 2025 program, with the previously drilled holes highlighted in yellow. Hole 3 is not shown as it is aborted early due to poor drilling conditions, it was redrilled as hole 6 to test and hit mineralization in the target area initially planned for hole 3. Further drilling at Union Norte can be pursued and is recommended for both CRD and SDHG targets.

TargetHole IDFromToWidthg/t Aug/t Agppm Pbppm ZnUnion MineUND25-00164.865.60.8

227UND25-00168.7577.89.05

116UND25-001133.05134.21.15

1791148El CobreUND25-00286.587.651.15

568743UND25-002148.5149.951.45

7492262Famosa MineUND25-00419.13414.9

120141UND25-00535.054610.950.0663.3410261including39.140.951.850.35413.40485243Union NorteUND25-00647.5491.50.3821.10130186Union MineUND25-00713914120.0841.20398537UND25-007146.85147.91.05

175UND25-007152.2166.2140.0180.96701004including154.75156.71.95

1512including161.65163.151.5

2778UND25-00866.582.3515.85

223Luis HillUND25-00964.9566.9520.29918.605324UND25-00995.897.820.41126.905843UND25-009198.25241.25430.2760.712587including211.8217.860.8520.6929100including228.3232.94.60.4660.781363UND25-009273.952751.050.18312.2046803490UND25-009287.55289.5520.1140.604837Famosa EMUND25-01039.587.4547.95

90Famosa MineUND25-010146.4148.051.650.1350.25217UND25-01111.523.3511.850.01813.09224157UND25-0129.6525.816.150.0313.65138124including12.916.940.0846.60398287Table 2: Full 2025 assay interval results from the 2025 Phase I drill program. Note: all intervals are down hole widths as true width is unknown at this time.

Union Mine Target Detail

Union Mine, with CRD in past oxide operations, had three holes drilled this round (UND25-1, 7, 8). Drilling intersected zinc in the right types of alteration for the CRD, with the holes ending in the old underground workings. Follow-up drilling will be completed to better test these precious and base metal zones and particularly the SHGD potential as well.

Luis Hill Target Detail (Previously Announced 2026-Jan-12)

Hole 9 was drilled vertically in the southern part of the Luis Hill target, a large 1,500 m by 500 m magnetic high. Although the hole did not intersect an obvious large magnetic source, it cut several magnetic dioritic dikes, which may be related to a deeper and larger magnetic body, likely an intermediate-composition intrusion. The discovery interval comprises gold hosted in siliceously replaced, jasperoid-like dolomite and silica-flooded black shale, which is comparable to some sediment-hosted gold deposits in Nevada (Carlin Deposits, USGS Prof. Paper 1267, 1985). This represents a new finding for this part of Sonora and is significant for both the property and the region, as it indicates potential for previously unrecognized sediment-hosted gold within one of Mexico's most prolific gold belts, the Sonora Gold Belt (also referred to as the Megashear Gold Belt in past scientific studies). Folding and Basin and Range block faulting are expected to bring the mineralized formations closer to surface, supporting additional drilling in H1 2026 within the magnetic target area. Riverside and Questcorp believe Luis Hill has the potential to become a major new discovery in Mexico.

The new discovery at Luis Hill identified previously unrecognized Carlin-like, sediment-hosted gold mineralization in black shales and carbonate strata, returning 0.3 g/t gold over 42 m, with results to date indicating sulfides, mineralization styles, and intrusions consistent with a carbonate-hosted metal system. The 42 m interval comprises 23 assay intervals ranging from 0.45 m to 2 m in width, with gold values from 0.005 g/t to 1.31 g/t; fifteen intervals returned greater than 0.1 g/t Au, including three intervals exceeding 0.5 g/t Au. This type of thick continuity is new for this part of Sonora, while further east the Santa Gertrudis mine produced 671K oz of gold and has indicated open pit resources of 19.27Mt @ 0.91 g/t Au for 563K oz gold, inferred open pit resources of 9.82Mt @ 1.36 g/t for 429K oz gold and inferred underground resources of 9.02Mt @ 3.44 g/t gold for 1.004M oz gold in siltstone, shale and carbonate sediment. Sources: Production: https://miningdataonline.com/property/1718/Santa-Gertrudis-Project.aspx, Resources: Agnico Eagle Mines Limited Detailed Mineral Reserve and Mineral Resource Data as of December 31, 2024.

The geochemistry from the gold intercepts associated with shale horizons at Luis Hill are plotted in (Figure 4) and illustrate the relationship between gold and argillite-hosted horizons. This indicates that Luis Hill is not CRD mineralization; instead, it represents an SHGD-style system This indicates that Luis Hill is not CRD mineralization; instead, it represents an SHGD-style system:

Figure 3: Gold with high Al + K + Na, meaning not with the dolomite and limestone for the sediment-hosted gold aspects like Nevada. Carlin geochemistry for the Luis Hill Hole 9.

Table for Phase 1 Drilling Union Project H2, 2025 All Holes, 162 5 m totalHole _lDEast ingNorthingElevat ionAzimuthDipTotal DepthTargetUND25-0013760433347225358.66131-50198.25Union MineUND25-0023756063347813381.3765-50201.30El CobreUND25-0033760483347598378.3465-5025.90Union NorteUND25-0043751373344629360.47110-70129.35Famosa MineUND25-0053751463344578362.3592-70104 .80Famosa MineUND25-0063760993347627389.13100-80118.45Union NorteUND25-0073761993347156355.46280-80166.20Union MineUND25-0083761113347136369.34125-80128.10Union MineUND25-0093752613347551400.640-90292 .80Luis HillUND25-0103749413344765363.9590-70161.60Famosa EMUND25-0113751713344608362.4590-8551.00Famosa MineUND25-0123751713344608362.4590-9047.25Famosa MineTable 3: Complete drill collar information. The drill results from the unshaded holes are being released today and include results from the Union Mine, Union Norte and El Cobre. The yellow-colored holes were announced 2026-Jan-12.

Geological Model and Strategy

The H2 2025 Phase I program was designed to test primary areas of historical mining and key magnetic targets. The program followed the geological model of the South32 Taylor deposit in southern Arizona. Drilling intersected gold, zinc, and silver indications consistent with vectors toward a major discovery.

Furthermore, the sediment-hosted gold style found at Luis Hill is comparable to Nevada's carbonate platform geology, making it an intriguing new development area for the Union Project.

Sampling Procedures and QA/QC

Core was logged, saw-cut, and half-core samples were shipped for analysis. Samples from the first eight holes were delivered to Bureau Veritas (Hermosillo, Sonora) for gold fire assay, with pulps forwarded to Vancouver, Canada for Inductively Coupled Plasma-Mas Spectrometry ("ICP-MS") following four-acid digestion to determine silver, base metals, and pathfinders. Samples from the final four holes were shipped to ACT Labs Zacatecas, where preparation, gold assay, and multi-element ICP are completed in Mexico. The final 4 holes of the program were shipped to ACT Labs where they were similarly assayed using the same processing methods but with their initial preparation and assaying completed in Zacatecas, Mexico using the same ICP and gold fire assay methods. The change in lab halfway through the program was due to assay turn around issues. Samples were maintained in chain of custody being delivered to the laboratory in sealed bags. Remaining half-cores are retained for reference. Standards were inserted every 20 samples and blanks every 100 samples. The laboratory also duplicated every 20 samples as an additional check on quality control. The QA/QC was analyzed with a check for any variations in the standards beyond 2 standard deviations and the standards passed.

Next Steps

With the interpretation and release of all assays, the Companies will work together on organizing the H1 2026 Phase 2 exploration program, building from the Phase I exploration results. Along with follow-up drilling, Phase 2 will likely include geophysics, geochemistry and mapping.

The encouraging results at Union Mine and at Luis Hill warrant further significant exploration and drilling and will be the primary focus of the next phase of La Union exploration.

The Companies are diligently working toward an expanded drill program for H1 2026, as all permits and access are in good standing. With the new data and targets ready to be further explored, the potential to immediately begin field work portions are in place for early this year.

Qualified Person

The technical content of the new release has been reviewed and approved by R. Tim Henneberry, P. Geo (British Columbia), a director of the company and a qualified person under National Instrument 43-101.

The Union Agreement

Questcorp currently holds an option to earn a 100% interest in the Union Project, on terms previously announced May 6, 2025. Questcorp and Riverside are aligned through Riverside's equity interest in Questcorp, which is initially 9.9% and may increase to 19.9% upon Questcorp satisfying the complete earn-in, with Riverside also retaining a 2.5% NSR royalty.

About Questcorp Mining Inc.

Questcorp Mining is engaged in the business of the acquisition and exploration of mineral properties in North America, with the objective of locating and developing economic precious and base metals properties of merit. The company holds an option to acquire an undivided 100-per-cent interest in and to mineral claims totaling 1,168.09 hectares comprising the North Island copper property, on Vancouver Island, B.C., subject to a royalty obligation. The company also holds an option to acquire an undivided 100-per-cent interest in and to mineral claims totaling 2,520.2 hectares comprising the La Union project located in Sonora, Mexico, subject to a royalty obligation.

ON BEHALF OF THE BOARD OF DIRECTORS,

Saf Dhillon
President & CEO

Certain statements in this news release are forward-looking statements, which reflect the expectations of management regarding completion of survey work at the North Island Copper project. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. Except as required by the securities disclosure laws and regulations applicable to the Company, the Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/281197

Source: Questcorp Mining Inc.

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Nvidia Corp (NASDAQ:NVDA, XETRA:NVD) chief executive Jensen Huang has called for continued, large-scale investment in artificial intelligence (AI), arguing at Davos that what some see as a speculative bubble is in fact “the largest infrastructure buildout in human history”.

Speaking at the World Economic Forum, Huang dismissed fears of overheating in the AI sector and instead stressed the physical and economic scale of what lies ahead.

“We’re going to need trillions more,” he said, referring to the capital required not just for semiconductors but for the full stack of infrastructure underpinning AI: from servers and data centres to plumbing, electrical systems and specialist software.

“We need buildings, we need electricity, we need cooling, we need software, we need everything,” he said. The scale of the investment is such that Huang described it as a “five-layer cake”, with capital and labour demands at each level.

The Nvidia boss insisted that this AI-driven transformation will be a net positive for employment, both in white-collar roles and traditional trades.

He pointed out that while AI will reshape many jobs, it will also create new ones. “We need electricians, construction workers, steelworkers, network technicians,” he said, to support the growth of data centres and digital infrastructure.

He likened AI’s labour market impact to that of the internet: disruptive, but ultimately generative. “Radiologists now use AI to detect conditions more accurately,” he said, framing the technology as augmentative rather than purely substitutive.

But not everyone was as upbeat. Larry Fink, the CEO of asset manager BlackRock, acknowledged AI’s benefits but warned that “substitutions and layoffs” were already occurring across sectors.

He questioned whether sufficient investment was actually flowing into the sector, suggesting that the constraint now is not demand, but capacity; namely, the ability to build fast enough.

Analysts noted that AI may not directly replace workers, but those who learn how to use AI tools effectively could end up displacing those who don’t, marking a shift in job dynamics rather than just job numbers.

Still, Huang's core message to executives and policymakers was clear: the AI economy is not just about software and algorithms, but about hard hats, tools, and trades. “This is not just a tech boom,” he said. “This is a labour boom.”

As governments and industry weigh the future of AI, Huang’s remarks served as both a rallying cry for investment and a reminder that the winners in the next wave of innovation may not be just coders and venture capitalists—but welders, builders, and electricians too.

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

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

Cloud security company Zscaler has racked up big returns for investors since going public in 2018.

In this podcast, Jay Chaudhry, CEO, chairman, and founder of Zscaler, talks about entrepreneurship, AI, and the business of Zscaler with Motley Fool co-founder and CEO Tom Gardner.

To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center. When you're ready to invest, check out this top 10 list of stocks to buy.

A full transcript is below.

This podcast was recorded on Jan. 04, 2026.

Jay Chaudhry In 2018? You got one product, Zscaler intron access. Then private access game. Then digital experience game. They all became Zscaler zero trussa users. Then we built it for Cloud workloads, branches, IOTT devices. The platform is expanding. We get no lack of market. I don't worry about competition. Our competitions all legacy stuff. My competition is generally inertia.

Mac Greer: That was Jay Chaudhry, founder and CEO of the Cloud security company Zscaler. I'm Motley Fool producer Mac Greer. Now, Motley Fool CEO Tom Gardner recently talked with Chaudhry about entrepreneurship, AI, and the business of Zscaler. Tom was joined by a team of fools, including our chief investment officer, our chief technology officer, and our head of cybersecurity. Enjoy.

Tom Gardner: Well, hello to all of our Motley Fool members. We're so happy to be able to spend this time together talking about a wonderful company in the public markets that's served us well as investors thus far, and that is Zscaler, a Cloud security company that protects people and applications without using traditional firewalls or VPNs. Zscaler's applications sit between an individual user and the internet or a company's applications and make sure every connection is safe in a zero trust exchange. Company has a market capitalization of about $39 billion today, which is around seven times higher than when it came public about seven years ago. We know those numbers pretty well because at Molly full and Hidden Gems, we first recommended Z Scaler back in 2018 around 30 $835 a share. We've made more than 50 recommendations of Zscaler over those seven years. We have never sold a share, which is not unusual for us at the Motley Fool. We really like to focus on the long term business performance and invest accordingly. But those returns since coming public are about 30% a year, and that's market beating fantastically. We get the pleasure of spending the next hour with the company's founder and CEO Jay Chaudhry, who has spent time with fools in the past. Jay, I wanted to start with a surprise question. What was the first moment in your life when you realized you wanted to start a company? I know that you have started, I believe, five companies, so you can talk about also when you decided to start Zscaler, but the origin of entrepreneurship for you, where did it come from?

Jay Chaudhry: Many people plan entrepreneurship. They have a journey, they plan. For me, I may call it, I'm an accidental entrepreneur. Having been born and raised in a tiny village in the foot of the Himalayas in Northern India, without electricity, without water. I had no idea about companies and entrepreneurship is. But I was always a hardworking, good student, got into engineering, and came to the US to do my masters. I thought I'll be a software engineer for most of my life. Like most engineers, the first time I got into entrepreneurship was sitting in Atlanta, reading about this company called Netscape that had just gone public around 95 96 time frame, and reading about this young chat, Mark and reason and say, wow, this young guy is starting a company that's going to change the world where you could access information using a standard browser, no special software. That should be very powerful because it's wonderful. But then I said, If that happens, everyone connects the Internet, which means someone has to worry about cybersecurity. That may be an opportunity, and then talking to my wife, I was saying, If this young guy could do a start up, why shouldn't I do a start-up was the first time. Idea coming out of nowhere, and it just built upon it. That's how I moved away from being a business leader in a corporate world, corporate America, to be a start-up guy.

Tom Gardner: You started your first company, then, but you have a list of successful businesses you started before beginning Zscaler, maybe just a quick walking tour of those, and then why when you arrived at Zscaler, did you say, this one, I believe you said, this one is forever.

Jay Chaudhry: That's right. The first company was Secure IT. For that company, I failed to raise VC funding. Because I had no experience in any start-up world. Since I got passionate about it, so my wife and I talked, we put a life saving line to get the company started to make it more exciting. My wife quit her job. There's no turning back, burned the bridges behind. Was the notion. The company took off. We're very focused. We're very good at what we're doing. The business took off. That company got acquired in less than two years, and everything went so well. I said, wow, start ups are supposed to be hard. This was easy. This must be a fluke. Let's do it again. Also you want a bigger challenge in life. Then we said, this time, we do not need to talk to any VC. In fact, I said we could only put so much money in one start-up, so we should do multiple start-ups, but do them like raising having kids. You stagger them one or two years apart. We ended up starting three companies. One e-procurement ASP using RIBA software that has precursor to SAS, single tenant application software provider, an email security company called Cipher Trust, and a wireless security company called Air Defense. Good luck, good timing, great teams. They all became successful and eventually got acquired by large companies. That took me to 2007, 2008 time frame. At this stage, I had no interest in doing one more start-up and selling it. I want to do something big, something lasting. That's where I was looking for what could be the long term opportunity where we could build a business. That's where the ideas of Zscaler came in. Sometimes I got told, Jee, how did you come up with that idea? Must be some very creative thing? Not really. It was really common sense. If you think about 2007, 2008, Internet was a big source of information. I've been using Salesforce and NetSuite since year 2001, when each of them was under $10 million in annual sales. But I used them. I thought SAS is the way to go. SAS should take off. Then AWS had just launched infrastructure as a service, compute as a service, storage as service, which made so much sense because why not do compute as a service? Then Apple had just launched iPhone with a big screen. I said, if we all become mobile and applications are everywhere, we all are you going to keep on building these modes with firewalls? It'll be a crazy idea. Let's think outside the box. Let's flip the security thing on its head and not do firewall and build something totally different. Like a switchboard, a policy engine, where everyone's untrusted, the network is merely the transport. You don't do network security. Those were some of the ideas we thought of, and that sort, Zscaler was born.

Tom Gardner: For somebody who's not deeply knowledgeable about cybersecurity, can you just explain that shift from firewall? Explain what a firewall is. Explain VPN and why Zscalers view was unique and innovative.

Jay Chaudhry: Absolutely. The firewall with security is generally called castle and moat security. If you need to protect your castle, what do you do? You build a moat around it so bad guys can come in, and then there's one place to get in, and that's the moat has a special door and they check you before they let you in. Once you're in, you're supposed to be a trusted good party. Now, that model worked fine for the traditional world of computers. Here's your data center, and here are some devices sitting there, and you have a network connecting them, and you want to make sure that if you connect the Internet, the moat is a firewall. It's like a door. It's like a gate keeping the data center safe. Then you had to move to 50 offices. Now you're connecting your data center to 50 offices. It's almost like you had a big castle. Then you have 50 small castles. Then you connect the big castle to 50 small castles through tunnels. But once somebody gets inside the castle, they can reach everywhere. That's the problem of the network security firewall security model. You're in, you can cause lots of havoc. Now, what firewalls tried to do was, if you're worried about that, why don't I create more walls? A wall here, wall, here, wall, here, wall here. I'll sell you lots of firewalls. It creates a big problem, maintenance, all that stuff. That's the model I was familiar with. In my first start up security IT, I was actually designing, architecting, selling supporting firewalls. I've seen all the limitations of it. That's why I wanted to bring disruptive idea. Also, I'm a big fan of reading about technological changes. I've always believed that technology incrementally changes all the time. But every decade or every two decades, there's a step function change. That's what drives innovation, that's what drives business productivity.

Give you a couple of examples. There used to be analog world, which did pretty good. Then we had to shift to digital world, digital technology, much better, much cleaner. In the world of software, we used to have application in our data center from vendors like Siebel Systems, and the like. Then came Salesforce. It says, why do you have to keep on worrying about buying servers, deploying all that stuff? Connect to me like a utility service and use it. Those are staff function changes. When I looked at the world of IT, I said, applications are changing, but nothing has changed the world of cybersecurity. Same old 30-year-old firewall technology. We need to do things differently. Let's not trust anyone. At the end of the day, Users need to access applications. How do they make sure the right person can have access to right applications? I thought of a simple metaphor, an old school phone switchboard. Years ago, if you want to talk to John, you called a switchboard and said, please connect me to John. You are connected. You had a great conversation. Then you said, I want to talk to the president of the US. The switchboard said, sorry. You're not allowed to go away. It's really connecting the right party to right party. Such a simple elegant architecture. I like simply Syrian innovations. The way I also thought was the service should be simple. We all used to love DVD players. You recall those DVD players? They were wonderful. Then Netflix came around and say, Move over. You simply click on a button. You get what you want. That's the service I envision for Zscaler.

Tom Gardner: Jumping ahead to today's challenges, these days, everything is in tech is like 99% AI. Some of the stuff that CTO keeps me up is one article specific regarding Enthropic where they had an AI orchestrated cyber attack that they thwarted. The new innovative techniques, AI is amazing for innovation. It's helped the Motley Fool tremendously helps so many companies that we're looking at, but it also creates brand new threats that did not exist a year ago. How does that play into some of the things Zscaler is doing these days?

Jay Chaudhry: I have often said, AI is wonderful. AI is powerful, AI is dangerous. It's almost like any new technology. A knife in the kitchen is a wonderful tool unless it's abused. Here are some of the bad things AI can do that makes it very hard for companies to protect themselves. When an attacker attacks, they find a target. It's like a bank robber has to find which of the fib branches do I want to break. They can break in without getting caught. In the cyber world, they find our public IP, my firewall, my VPN, my application portal. It used to take weeks for hackers to find some of those cyber targets for your company. No, you can submit the query to Chat GPT, and it can give you a beautiful tableau format of all the firewalls with vulnerabilities in them. Makes it so much easier. Then often people will do phishing emails. Those emails sometimes could be typos, missing spellings, coming from Nigeria or wherever.

Now, Chat GPT can do beautiful phishing email with the writing style of your CFO and come from your CFO. That's hard. Makes it hard. Three. Once the bad guys get on your copid network using stolen credential with VPN or something like that, now you can use automation of AI, and AI automation can allow you to find mission critical applications and crypt them, or do whatever needs to be done and ask for ransom. The enthropic attack you talked about, it's essentially hijacking an agent. Agents are somewhat like people. People have been the weakest link. I believe in future, agents will be much weaker link because the code can be changed, things can be hijacked, and no agent on your network has access to all applications. They can try to do bad thing. The Zero Trust architecture we pioneered at ZSCAR actually plays an important role. The Zero Trust architecture, as I described, the switchboard says, everything is an island, everything is untrusted. You come to a check post, you get connected to the right party. If enterprises embrace zero trust architecture, these hijacked agents or users whose credentials have been stolen, they won't be able to get past maybe a given application beyond that. It's fundamentally very powerful architecture to safely embrace AI security. There are other aspects of it, but starting with a zero trust where agents are only trusted for a given amount of time to do certain tasks and no more is the right way to do these things.

Tom Gardner: I think I'm going to turn philosophical here, but perhaps also because of your remarkable life story, not even dreaming that you would be a software engineer in your earliest childhood years or maybe even having access to that technology, if you have electricity and running water in the early years of your life, I guess I'm going to ask a philosophical question about what you think will happen with employment. We don't have a crystal ball, but almost reaching outside of Zscaler's business for a moment and just thinking, what does the next generation do for jobs or what does a mid career employee who isn't advancing their skills with AI tooling rapidly enough, what does that future look like for?

Jay Chaudhry: Yeah, if you think about the past, we learned from the past. Every time new technology came, the people who felt like lots of jobs will go away. When spreadsheets came around, people thought that, man, all these accounting people had no future. It was all wrong. I do believe AI is going to create lots and lots of new jobs, but every time technology has come, it needed better skills for people to do a better job or to have a better job. My advice to people will be embrace AI, learn skill set because it's going to create a whole range of new jobs. While everyone is fascinated by AI technology, it's still non deterministic. It's probabilistic. There are many jobs, we're non deterministic is not good enough for many areas, so somebody needs to validate all the stuff has to be done. I am always an optimist. I think technology is always created newer opportunities. I think AI will create new opportunities. But people who are really learning better, doing a better job will do better. I encourage people to say, Embrace AI learn about it, and that's going to create a better future for them.

Tom Gardner: A bit of a light hearted question then a question about the business that you're running. My lighthearted question, well, it's quite serious for many people. What recommendations would you have given your expertise in this domain for the average person with regard to their own security in the era of rising new technologies? What should somebody be doing in their home that they're not yet doing?

Jay Chaudhry: Number one risk a consumer at home has is fishing. With fishing, they steal your credentials, so they can go and steal your money from your bank. That's probably the biggest risk for an average consumer. One should be mindful of what they're clicking in and whatnot, though it's hard on the mobile phone. It's hard to even see the URL. Good to have some level of software protection for fishing and a number of these software available to make sure you endpoint is safe. That's the number one thing you do. Number two, I think being a little bit savvy to look for some of the things that look silly out there and not fall for them. But just using a little common sense goes a long way. But it's a lot easier than some of the stuff we deal with at enterprise. At enterprises, things are highly targeted. Nation states are coming after you. Consumers aren't really target those big things, but they are target of fishing, so they can go and get you money. Fishing is the most common thing for them.

Tom Gardner: One of the things that I when talking to investors and our members is the My Fool. Try to have members see I'll express it two ways. One that I believe mathematically, the truth is that if the average investor doubled their average holding period, they would get better returns. Even if they'll have some losers in their portfolio, but simply by the act of doubling their holding period, it align them more with the business, obviously, it's more tax advantage and there are many other reasons to do so. But when I look at what you've created at Zscaler, and obviously, the company came public in 2018, and I mentioned it's up seven times in the seven years, when I run my numbers on the business, and I know you can't comment on this, I believe Zscaler could deliver 15% a year for the next ten years. I think it'd be one of those defining companies for this era. I'm wondering how you think about time horizon? There are institutions coming and talking to you on quarterly reports about your operating margins. There's the pressure to be ready to report every 90 days. You've obviously mastered that in seven years. But I think many investors would be interested to hear, what is the time horizon of the CEO? How do you think stakeholders of the company, whether they're employees, customers, shareholders? How should they think about their partnership with ZScaler to align them to the interests and the activities and the decision making process of the CEO?

Jay Chaudhry: First of all, I look at the opportunity starting with is how big is the market and how serious the demand? Is this product needed? Is it vitamins or is it a painkiller? It's pretty obvious that cyber is needed badly. There's no such thing as, I can live without it. That's number one thing for a market segment. Number two, is the market big enough or is the market small? The market has growing at a pretty rapid pace. It's being disrupted. You can't even look at the segments you looked at five years ago. When the market is massive and growing, this is a great opportunity. Then the third thing you look at is, does the company offer a compelling solution which has barrier to entry? With on Global Cloud bigger with 55 some billion users, or 45% of fortune fire on companies as a customers, we have proven track record. One of the things I'm very proud of outside typical financial numbers is our NPS net promoter score has been sitting between 75 and 85 most of the time. That's remarkable. An NPS of a typical SAS company generally sits in 30 35 range. That's being happy, smart customers. I'll give you a beautiful stat. About nine months ago, one weekend I was sitting at home, looking at some of travels. I said, I met this CSO, and he told me he bought Z color the third time at his third company. I got curious. I looked at my data and looked at large companies who I generally meet with. 285 of the CXOs had bought Zscaler two times.

Company A, then they went to company B, 84 had bought it three times, 45 had bought it four times, and they keep on coming. They like us. Having a large customer base with the first motor advantage that we did is good for us. Then you look at and say the evolving product set. We have evolved, and investor used to say, in 2018, you got one product, Zscaler Internet Access. Oh, then private access came. Then digital experience came. They all became Zscaler for you, zero trustle users. Then we built it for cloud workloads, branches, IOTT devices. The platform has expanding. We get no lack of market. I don't worry about competition. Our competitions all legacy stuff. My competition is generally inertia. We are changing the world. We start with people who are progressive with thought leaders, then others are come along. I think we have plenty of potential opportunities to grow. My role model has been ServiceNow. I've been working with ServiceNow. One of the board members of service at Zscaler was the president of global sales, David Schneider. He has been a mentor and board member. Just like they have done a great job. We have a very big platform, and it's growing. I think we have plenty of opportunities. For the long run to keep on growing this business. To me, personally, Zscaler is not just a business. It's a mission. I mean, when you think about some of the biggest, the big companies, depend upon Zscalers so they can keep on doing the business. Wow. The feeling of satisfaction, the feeling of accomplishment is fantastic. Then people say, Jay, when are you retiring? What do you mean retiring, man? I'm having so much fun. We're in the early stage. We have a lot to achieve. Let's go.

Tom Gardner: Thank you for sharing your story and your thoughts and your solutions and your view to the future. We enjoyed it so much, and we look forward to talking again in the future.

Jay Chaudhry: Tom and Tim, thank you so much. I really enjoyed that conversation.

Tom Gardner: Thanks so much, Jay.

Mac Greer: As always, people on the program may have interest in the stocks they talk about, and the Motley Fool may have formal recommendations for or againstTt, so don't buy or sell stocks based solely on what you hear. All personal finance content follows Motley Fool editorial standards and is not approved by advertisers. Advertisements are sponsored content and provided for informational purposes only. To see our full advertising disclosure, please check out our show notes. For the Motley Fool Money team, I'm Mac Greer. Thanks for listening, and we will see you tomorrow.