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This article has been disseminated on behalf of LaFleur Minerals and may include paid advertising. 

Disclosure: This does not represent material news, partnerships or investment advice.

Via MiningNewsWire — LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) today announces its placement in an editorial published by MiningNewsWire (‘MNW’), one of 75+ brands within the Dynamic Brand Portfolio@IBN (InvestorBrandNetwork), a specialized communications platform with a focus on financial news and content distribution for private and public companies and the investment community.

To view the full publication, ‘From Permits to Gold Pour: Why Readiness Matters,’ please visit: https://ibn.fm/qihBV

One of the most pivotal moments in a mining company’s lifecycle is not the initial discovery phase or the point at which production is fully established, but rather the transition between exploration and production. At this stage, geological uncertainty has been largely addressed, infrastructure is complete, pathways to production are defined and capital is aligned with execution. Historically, this combination has created the conditions for substantial valuation expansion. Adequate funding becomes critical during this transition, enabling companies to move beyond planning and into operational delivery.

This dynamic is now emerging at LaFleur Minerals Inc., a Québec-based, near-term gold producer that recently completed an upsized and oversubscribed C$7.8 million financing. With capital in place to restart operations at its Beacon Gold Mill, the company now sits at a stage where upside has often accelerated for mining developers. 

About LaFleur Minerals Inc.

LaFleur Minerals is focused on the development of district-scale gold projects in the Abitibi Gold Belt near Val-d’Or, Québec. The Company’s mission is to advance mining projects with a laser focus on our resource-stage Swanson Gold Project and the Beacon Gold Mill, which have significant potential to deliver long-term value. The Swanson Gold Project is approximately 18,304 hectares (183 km2) in size and includes several prospects rich in gold and critical metals previously held by Monarch Mining, Abcourt Mines and Globex Mining. LaFleur has recently consolidated a large land package along a major structural break that hosts the Swanson, Bartec and Jolin gold deposits and several other showings which make up the Swanson Gold Project. The Swanson Gold Project is easily accessible by road allowing direct access to several nearby gold mills, further enhancing its development potential. LaFleur Minerals’ fully permitted and refurbished Beacon Gold Mill is capable of processing over 750 tonnes per day and is being considered for processing mineralized material from Swanson and for custom milling operations for other nearby gold projects.

Qualified Person Statement – All scientific and technical information contained in the LaFleur Minerals Market Awareness Profile (MAP) has been reviewed and approved by Louis Martin, P.Geo. (OGQ), Exploration Manager and Technical Advisor of the company and considered a Qualified Person for the purposes of NI 43-101.

NOTE TO INVESTORS: The latest news and updates relating to LFLR are available in the company’s newsroom at http://ibn.fm/LFLRF

About MiningNewsWire

MiningNewsWire (‘MNW’) is a specialized communications platform with a focus on developments and opportunities in the Global Mining and Resources sectors. It is one of 75+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled recognition and brand awareness.

MNW is where breaking news, insightful content and actionable information converge.

To receive SMS alerts from MiningNewsWire, text ‘BigHole’ to 888-902-4192 (U.S. Mobile Phones Only)

For more information, please visit https://www.MiningNewsWire.com

Please see full terms of use and disclaimers on the MiningNewsWire website applicable to all content provided by MNW, wherever published or republished: https://www.MiningNewsWire.com/Disclaimer

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www.MiningNewsWire.com
310.299.1717 Office
Editor@MiningNewsWire.com

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 FPX Nickel Corp. (TSXV: FPX) (OTCQB: FPOCF) (‘FPX’ or the ‘Company’) is pleased to announce that the Initial Project Description (the ‘IPD’) for its Baptiste Nickel Project (‘Baptiste’ or ‘the Project’) has been submitted and formally accepted by the British Columbia Environmental Assessment Office (‘BC EAO’) and the Impact Assessment Agency of Canada (‘IAAC’). With this key milestone, the Environmental Assessment (‘EA’) process for the Project has commenced.

FPX Nickel logo (CNW Group/FPX Nickel Corp.)

‘This is a significant achievement for Baptiste and is the result of extensive and deep engagement with the provincial and federal governments, First Nation communities and other local communities, as well as robust engineering, environmental and stewardship activities,’ said Martin Turenne, President and CEO of FPX. ‘The Initial Project Description supports the initial phases of both the provincial and federal Environmental Assessment process outlining the Company’s preliminary plans to develop the Baptiste Project, thereby informing subsequent phases of the EA and continued Project development.’

The Company is looking forward to a comprehensive, transparent and rigorous EA process and is committed to continuing to advance the Project in genuine partnership with local First Nations. FPX has been working closely with First Nations, developing collaborative relationships including through funding agreements and co-design initiatives.

FPX would like to acknowledge the early engagement of the province of British Columbia through the Critical Minerals Office and the inclusion of Baptiste as the first pilot project of this initiative, starting in 2024. Likewise, the Company would like to recognize the engagement of the federal government and the recent $3.7 million grant from Natural Resource Canada’s Critical Mineral Infrastructure Fund which have helped to advance the Project to this stage. Taken together, these initiatives clearly demonstrate government’s commitment to the responsible development of critical minerals projects like Baptiste at this pivotal moment in Canada’s history.

FPX has launched a dedicated project website, https://baptisteproject.com, as part of the Company’s ongoing commitment to engage with the public and to support an inclusive review of the Baptiste Nickel Project.

The IPD is available on the BC EAO and IAAC websites and comments can be submitted to both these government agencies during a forthcoming public comment period to be held between February 5 and March 9, 2026, as part of the EA process.

    About the Baptiste Nickel Project

    The Baptiste Nickel Project, located in central British Columbia, is one of the largest, lowest cost undeveloped nickel projects in the world and is expected to be a long-life, low-carbon source of nickel for stainless steel and battery supply chains. Nickel is designated as a critical mineral by the Government of Canada due to its essential role in economic security and the global energy transition. Baptiste represents a new nickel mineralization in the form of a sulphur-free, nickel-iron mineral called awaruite (Ni3Fe) hosted in an ultramafic/ophiolite complex.  The absence of sulphur and our ability to connect to the BC Hydro grid means that Baptiste has the potential to be one of the lowest carbon-intensive nickel producers in the world and will produce a high-grade product that does not require any intermediate smelting or complex refining.

    In 2024, the Province of British Columbia identified the Baptiste Nickel Project as the first project to be included in the Province’s new Critical Minerals Office (‘CMO’) concierge service initiative, a provincial strategy action to enable the prioritization of critical minerals projects in B.C. The CMO initiative is providing an excellent structure to proactively identify and address issues and opportunities ahead of the Project’s entry into the environmental assessment process.

    The Baptiste mineral claims cover an area of 453 km2 west of Middle River and north of Trembleur Lake, in central British Columbia.  In addition to the Baptiste Deposit itself, awaruite mineralization has been confirmed through drilling at several target areas within the same claims package, most notably at the Van Target which is located 6 km to the north of the Baptiste Deposit.  Since 2010, approximately US$55 million has been spent on the exploration and development of Baptiste.

    About FPX Nickel Corp.

    FPX Nickel Corp.  is focused on the exploration and development of the Baptiste Nickel Project, located in central British Columbia, and other occurrences of the same unique style of naturally occurring nickel-iron alloy mineralization known as awaruite.  For more information, please view the Company’s website at https://fpxnickel.com/

    On behalf of FPX Nickel Corp.

    ‘Martin Turenne’

    Martin Turenne, President, CEO and Director

    Forward-Looking Statements

    Certain of the statements made and information contained herein is considered ‘forward-looking information’ within the meaning of applicable Canadian securities laws. These statements address future events and conditions and so involve inherent risks and uncertainties, as disclosed in the Company’s periodic filings with Canadian securities regulators. Actual results could differ from those currently projected. The Company does not assume the obligation to update any forward-looking statement.

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

    SOURCE FPX Nickel Corp.

    Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/January2026/23/c8075.html

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    Skyharbour Resources Ltd. (TSX-V:SYH)  (OTCQX:SYHBF) (Frankfurt:SC1P) (‘Skyharbour’, ‘SYH’, or the ‘Company’) would like to cordially invite you to visit us at Booth #205 at the Vancouver Resource Investment Conference (‘VRIC’) to be held at the Vancouver Convention Centre West (1055 Canada Place, Vancouver) on Sunday, January 25, and Monday, January 26, 2026.

    During the Vancouver Resource Investment Conference, Skyharbour’s President and CEO, Jordan Trimble, will be giving a Skyharbour corporate presentation on Sunday, January 25 at 11:50 AM in Workshop 1.

    The Vancouver Resource Investment Conference 2026 will feature over 120 expert speakers, including globally respected economists, legendary money managers, and investors. This year’s conference promises an array of exceptional opportunities, including exclusive keynote sessions featuring 120 renowned speakers, unparalleled networking with over 5,000 industry professionals and investors, and interactive exhibits showcasing groundbreaking innovations across the resource sector. Attendees will gain invaluable insights into the commodities landscape, exploring emerging trends in precious metals, energy, critical minerals, and beyond.

    For more information and/or to register for the conference please visit: https://cambridgehouse.com/vancouver-resource-investment-conference.

    Metals Investor Forum – January 2026:

    Skyharbour will also be at the Metals Investor Forum Vancouver, where the Company will have a booth during the two-day event. President and CEO, Jordan Trimble, will provide a corporate presentation today at 11:50 AM during Session 2. The conference will take place at the Fairmont Pacific Rim (1038 Canada Place, Vancouver, B.C.) from Friday, January 23 to Saturday, January 24, 2026.

    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: info@skyharbourltd.com

    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.

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    Stallion Uranium Corp. (the ‘Company’ or ‘Stallion’) (TSX-V: STUD; OTCQB: STLNF; FSE: B76) is pleased to announce the mobilization of an expanded high-resolution ground gravity survey on its Coyote Target corridor, located in the Athabasca Basin of northern Saskatchewan, Canada.

    The current program is designed to extend the results of Stallion’s previous ground gravity survey by expanding coverage to the west of the original survey area. Mobilization is commencing, with the objective of identifying additional gravity lows and refining the geometry and continuity of anomalies identified at the margins of the earlier survey.

    Highlights:

    • The expanded survey aims to identify additional gravity lows associated with interpreted density destruction in the basement rocks, which may reflect hydrothermal alteration systems linked to uranium mineralization
    • Particular focus will be placed on gravity lows identified along the edges of the previous survey, several of which remain open and poorly constrained
    • Extending coverage westward will improve the understanding of the size, orientation, and continuity of priority anomalies at the Coyote Target
    • High-resolution ground gravity surveying has been successfully applied in the Athabasca Basin to identify alteration-related density lows, including its use in the discovery of NexGen Energy’s PCE uranium deposit
    • Survey results will be integrated with existing geological, geochemical, and geophysical datasets to further refine priority drill targets
    • The program is being conducted by MWH Geo-Surveys Ltd., utilizing ground gravity methods effective for mapping basement-hosted alteration systems

    Darren Slugoski, Vice President of Exploration for Stallion Uranium, said, ‘Extending the ground gravity survey is important not only for refining existing anomalies, but also for identifying additional target areas along the broader Coyote conductive trend. In the Athabasca Basin, multiple uranium deposits are known to occur along the same structural corridor, as demonstrated by the Patterson Lake corridor. Expanding coverage beyond the original survey boundaries will help us better define the continuity of alteration-related gravity lows and evaluate the potential for multiple uranium systems along the Coyote Trend.’

    Kyle Patterson, P.Geo., President of Convolutions Geoscience Corp., said, ‘Review of the existing gravity inversion suggests that key density lows at Coyote are not fully constrained at the western edge of the current survey coverage. Extending the ground gravity program is a logical next step to better define the geometry and continuity of these features, which may be associated with basement-hosted alteration systems. Improved spatial definition will strengthen target ranking and help guide future exploration decisions.’

    Coyote Target and Exploration Rationale:

    The Coyote Target was selected following a comprehensive technical evaluation of historical and recently acquired datasets, including geological mapping, geochemistry, and multiple geophysical surveys. The target exhibits characteristics consistent with basement-hosted uranium systems in the Athabasca Basin, where hydrothermal alteration commonly results in interpreted density destruction that can be effectively delineated using high-resolution ground gravity surveys.

    Stallion Uranium continues to apply disciplined, data-driven exploration techniques to systematically advance its portfolio of uranium projects within the Athabasca Basin.

    Extension of the Gravity Survey Area (Blue) over Coyote Corridor

    Figure 1: Extension of the Gravity Survey Area (Blue) over Coyote Corridor

    Ground Gravity Inversion (-25m ASL)

    About the Ground Gravity Survey:

    MWH Geo-Surveys uses customized L&R digital, electronic feedback gravity meters operated via proprietary controller software. These gravity meters, which incorporate electronic levels and electronic nulling, are fast, accurate and exceptionally reliable, particularly in cold weather operations. The digital output from the meter is captured via a Bluetooth link by GControl, software developed by MWH Geo-Surveys operating on a Juniper Archer field PC.

    At each gravity station, GControl records gravity samples at 1 second intervals; the resultant average of these records is used as the final gravity reading, thereby removing much of the high frequency noise, such as that caused by wind and ground motion. GControl also calculates precise real-time, location specific tidal corrections during data collection.

    With a typical mean data accuracy of 0.02 mgals, MWH Geo-Surveys continues to set the standard for high-resolution gravity surveys, delivering reliable results for resource exploration and geophysical studies.

    Upcoming Events:

    Stallion Uranium will be attending the upcoming Vancouver Resource Investment Conference (VRIC), taking place at the Vancouver Convention Centre in Vancouver, British Columbia January 25-26, 2026 (Booth #1009). Further information and registration for the Vancouver Resource Investment Conference can be found here.

    Stock Option Grant:

    The Company also announces that under the Company’s stock option plan dated October 8, 2024 (the ‘Plan‘), the Company has granted a total of 625,000 stock options (‘Options‘) to certain directors, officers and consultants of the Company.

    Each Option is exercisable for one common share of the Company at an exercise price of $0.35 per share for a period of five years from the date of grant. 50% of the Options granted will vest immediately and 50% of the Options will vest in six months from the date of grant. All Options are subject to the terms of the Company’s Plan; applicable securities law hold periods and approval of the TSX Venture Exchange.

    Qualifying Statement:

    The foregoing scientific and technical disclosures for Stallion Uranium have been reviewed and approved by Darren Slugoski, P.Geo., VP Exploration, a registered member of the Professional Engineers and Geoscientists of Saskatchewan. Mr. Slugoski is a Qualified Person as defined by National Instrument 43-101.

    About Stallion Uranium Corp:

    Stallion Uranium is working to ‘Fuel the Future with Uranium’ through the exploration of roughly 1,700 sq/km in the Athabasca Basin, home to the largest high-grade uranium deposits in the world. The company, with JV partner Atha Energy holds the largest contiguous project in the Western Athabasca Basin adjacent to multiple high-grade discovery zones. With a commitment to responsible exploration and cutting-edge technology such as the use of the proprietary Haystack TI technology, Stallion is positioned to play a key role in the future of clean energy.

    Our leadership and advisory teams are comprised of uranium and precious metals exploration experts with the capital markets experience and the technical talent for acquiring and exploring early-stage properties. For more information visit stallionuranium.com.

    On Behalf of the Board of Stallion Uranium Corp.:

    Matthew Schwab
    CEO and Director

    Corporate Office:
    700 – 838 West Hastings Street,
    Vancouver, British Columbia,
    V6C 0A6

    T: 604-551-2360
    info@stallionuranium.com

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

    This news release contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation (collectively, ‘forward-looking statements’) that relate to the Company’s current expectations and views of future events. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as ‘will likely result’, ‘are expected to’, ‘expects’, ‘will continue’, ‘is anticipated’, ‘anticipates’, ‘believes’, ‘estimated’, ‘intends’, ‘plans’, ‘forecast’, ‘projection’, ‘strategy’, ‘objective’ and ‘outlook’) are not historical facts and may be forward-looking statements and may involve estimates, assumptions and uncertainties which could cause actual results or outcomes to differ materially from those expressed in such forward-looking statements. No assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this material change report should not be unduly relied upon. These statements speak only as of the date they are made.

    Forward-looking statements are based on a number of assumptions and are subject to a number of risks and uncertainties, many of which are beyond the Company’s control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking statements. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. New factors emerge from time to time, and it is not possible for the Company to predict all of them or assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statement. Any forward-looking statements contained in this presentation are expressly qualified in their entirety by this cautionary statement.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e7f8ba49-524e-4061-8ba8-3343ac8813a6

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    Aura Energy Limited (ASX: AEE, AIM: AURA) (“Aura” or “the Company”) is pleased to announce that MMCAP International Inc. SPC (‘MMCAP’) and certain other strategic investors (together the ‘Strategic Investors’) will provide funding of C$10 million for a 19.7% interest in the Company’s polymetallic Häggån project (‘the Häggån Project’) located in Sweden, establishing its value at C$50 million.

    Aura has entered into a binding agreement to transfer 100% of the Häggån Project to SIU Metals Corp. (‘SIU Metals‘), an unlisted Canadian public company, in consideration for acquiring shares in SIU Metals. The agreement will result in SIU Metals being the 100% owner of the Häggån Project.

    Aura will retain 78.7% ownership of SIU Metals and the Strategic Investors will own 19.7% after contributing C$10 million via a private placement. SIU Metals intends to seek a stock market listing on the TSX Venture Exchange (‘TSXV’) in connection with the transaction.

    HIGHLIGHTS

    • Valuation for Häggån project established at C$50 million (A$55 million)
    • Agreement with MMCAP and certain other strategic investors to provide aggregate gross proceeds of C$10 million to SIU Metals, which will be renamed following the transaction
    • Proceeds to be used for the advancement of the Häggån project, including permitting and resource expansion through continued exploration including on surrounding tenements
    • Aura will retain ownership of 78.7% of SIU Metals and consequently will retain indirect exposure to the Häggån project post-transaction
    • Aura to appoint new officers and directors to SIU Metals on closing of transaction
    • Financing is expected to complete in February 2026, with the transaction expected to complete in June 2026
    • New Canadian listed company to benefit from increased visibility and direct comparison with valuation of other public companies with similar deposits
    • On 1 January 2026, the Minerals Act in Sweden was amended to allow exploration for and extraction of uranium
    Phil Mitchell, Executive Chairman Aura Energy, said:

    “We are delighted to welcome investors of the calibre of MMCAP, Aura’s largest shareholder, and other high-quality investors into this new vehicle for Aura’s Häggån project, and the future support they can bring. We believe their investment is a demonstration of the quality and potential of the project, and its exciting future as, following legislation changes brought into effect on 1 January 2026, mining of uranium is now allowed again in Sweden. This transaction shines a spotlight on the under-recognized value of Häggån within Aura Energy, and creates an independent and dedicated pathway for funding, growth and management of the project.

    Upon successful completion of the transaction, Aura’s existing shareholders will continue to benefit from Häggån’s upside potential, and by way of a direct comparison with the valuation of other companies with similar deposits in the region.”

    Click here for the full ASX Release

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    Steve Barton, host of In It To Win It, shares price targets for silver and discusses when silver stocks may start to outperform the metal.

    ‘I fully expect a catch-up trade like this — I think that it’s coming, and I think it’s going to come this year and probably this first quarter,’ he said.

    Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

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    After taking a bearish turn in late 2024, manganese prices started 2025 on a flat note despite a robust demand outlook supported by growth in the electric vehicle (EV) battery segment.

    In the first half of 2025, the manganese market experienced mixed signals as supply dynamics shifted and demand from the steelmaking sector remained uneven. Early in the year, logistical disruptions and tight inventories in China briefly supported manganese ore prices — China’s port stocks fell to multi-year lows in March, drawing down to roughly 3.7 million metric tons due to by logistical bottlenecks and steady consumption by alloy makers and steel producers.

    A rebound in sales in early spring pushed ore prices to a 2025 high of US$4.48 per metric ton.

    However, by mid-year, the broader picture was one of ample supply and downward price pressure.

    Manganese ore production climbed to around 10.1 million metric tons in H1, buoyed by strong export volumes from South Africa and Gabon and the resumption of Australian shipments that had been disrupted in 2024.

    At the same time, global steel output weakened, particularly in China, where production declined about 3 percent year-on-year amid slowing domestic demand, while India and North America posted modest gains.

    Demand for manganese alloys also softened, with sales volumes down modestly and margins compressed by rising feedstock costs, especially for alloy producers facing less favorable mixes.

    Manganese prices struggle as structural demand builds

    By June 20, 2025, manganese’s H1 gains had eroded and ore prices fell to US$4.21.

    Eramet (EPA:ERA,OTCPL:ERMAF), a major producer, said it expected supply of manganese ore to increase in the second half of 2025, partly as key producers such as Australia returned volumes to market after earlier disruptions.

    ‘Ore supply should increase in H2, driven by the full return to the market of the leading Australian producer, partly offset by a potential downward revision of South African exports,’ the company notes. Demand for manganese alloys was expected to weaken in line with seasonality and softer global steel production.

    Analysts cautioned that production expansions from major manganese producers could exacerbate oversupply. “Production increases … can only lead to oversupply, leading to a reduction in price,” one industry executive said.

    Protectionist measures in key markets, including new EU quotas on ferroalloys, added uncertainty by potentially disrupting traditional trade flows and affecting alloy pricing dynamics.

    Beyond the steel sector, structural shifts in consumption patterns emerged.

    Although steelmaking still accounts for the lion’s share of manganese demand, interest in battery-related uses, particularly high-purity manganese for lithium-ion and next-generation EV chemistries, continued to gain attention.

    “Our expectations of ongoing strengthening battery-grade demand and production in China in Q4 have been tempered somewhat by ongoing challenges within the nickel cobalt manganese (NCM) market,” Rob Searle, battery raw materials analyst at Fastmarkets, wrote in a November battery metals market update.

    “While we expect a level of demand ramp-up in Q4, in the wider context of geopolitical challenges and a challenging Chinese market, the manganese demand uptick in the short term could be somewhat tempered,’ he added.

    Changing battery chemistries

    During a June Supply Chain (SC) Insights webinar, experts noted that manganese-rich cathode chemistries are increasingly drawing attention as automakers seek to cut costs and reduce exposure to cobalt and nickel.

    Andy Leyland, founder of SC Insights, pointed out “manganese-rich chemistry is really offering a good solution … in terms of costs,” highlighting the commodity’s role in emerging battery designs.

    While high-nickel NCM batteries remain dominant, industry players are exploring manganese as a lower-cost, high-performance alternative in Europe and North America, where supply chains remain heavily reliant on imports, particularly from China. OEMs are under pressure to secure raw materials directly, with vertical integration and direct sourcing emerging as key strategies to manage price volatility and supply security.

    John Mulcahy, supply chain specialist at SC Insights, emphasized that sourcing upstream allows companies to negotiate better terms and reduce exposure to market fluctuations, even amid low pricing environments.

    Manganese-rich chemistries are expected to expand steadily, complementing existing NCM and lithium iron phosphate (LFP) batteries, rather than replacing them entirely.

    As Leyland noted, these materials are “definitely very high up on the focus from the demand side,” signaling growing adoption in the global push for cost-effective, low-cobalt battery solutions.

    In March, Firebird Metals (ASX:FRB,OTCPL:FRBMF) produced its first lithium manganese iron phosphate (LMFP) EV batteries, becoming the first Australian company to achieve the feat. The move could position Firebird as a low-cost manganese cathode player, and highlights growth in the LMFP battery production segment.

    Rising nationalism presents trade challenges

    With the demand picture for manganese showing promise, analysts warn that export restrictions in Gabon could lead to a supply crunch before the decade is over. According to the US Geological Survey, 63 percent of US manganese imports come from Gabon. In June, the African nation announced plans to implement an export ban in January 2029.

    Gabon’s renewed push to ban manganese ore exports from 2029 underscores Africa’s broader shift toward value addition, but it also risks tightening an already fragile global supply picture, a Project Blue market note reads.

    As the world’s second largest exporter, Gabon shipped more than 7 million metric tons of high-grade ore in 2024, material that is critical to both ferroalloy production and emerging battery supply chains.

    An export ban would hit Chinese buyers and European processors reliant on Gabonese feedstock, while adding pressure to the high-grade market at a time when Australia’s GEMCO mine is expected to wind down later this decade.

    Although in-country processing — through ferroalloys or batteries — offers a path to capture more value locally, it would require significant investment and could shift, rather than eliminate, environmental and logistical costs.

    For global markets, Gabon’s move signals rising resource nationalism in Africa and a potential structural squeeze on manganese supply heading into the next decade.

    “However, without large-scale investments from China, a key battery producer, such ambitious plans of African governments risk remaining unrealised,” the Project Blue overview states.

    “China has invested in Africa’s mineral industry (e.g. Ghana), securing access to the continent’s high-quality raw materials, while keeping production of high value-added products directly in China.”

    In early 2025, Euro Manganese (TSXV:EMN,OTCPL:EUMNF) scored a major boost when its Chvaletice manganese project was designated a “strategic project” under the EU’s Critical Raw Materials Act.

    The move underscores the EU’s push to secure local supply of critical battery materials and could tighten the manganese market by prioritizing European production in the continent’s energy transition.

    Oversupply vs. new manganese demand drivers

    For 2026, analysts expect the manganese market to remain broadly balanced, but with pressures and opportunities on both the supply and demand fronts. However, longer-term fundamentals point to steady growth.

    Global market forecasts indicate the manganese industry could expand modestly in value and volume by 2035, driven by ongoing demand from steel and increasing uptake in battery and clean-energy applications.

    Some reports project market size rising through the decades, with Asia-Pacific demand remaining dominant and new opportunities emerging in the electrification and high-purity material segments.

    Steel demand will continue to be the principal driver in 2026, with India’s expanding production offering a potential buffer against slower growth in China and Europe. Battery applications may not yet move the pricing needle dramatically, but their structural importance is increasing as automakers and cathode developers look to diversify away from nickel and cobalt reliance, a trend that could support manganese demand in the medium term.

    “Looking ahead to the coming weeks and months, it is likely we won’t see too much further upward pressure on prices. Asian markets are heading towards the seasonal lull in demand and manufacturing activity in February as the Lunar New Year holidays begin,” Searle said in a January Fastmarkets report.

    “At the same time, there are concerns around what China’s EV demand outlook looks like in Q1 2026, with changes to subsidy schemes potentially leading to softening consumption of battery-grade manganese.”

    Securities Disclosure: I, Georgia Williams, hold no direct investment interest in any company mentioned in this article.

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    One Bullion (TSXV:OBUL) is a Toronto-based gold exploration company advancing a district-scale portfolio of gold assets in Botswana. The company holds approximately 8,004 sq km across three greenstone belt–hosted projects: Vumba, Maitengwe, and Kraaipan. Botswana is recognized as one of Africa’s most attractive mining jurisdictions, offering political stability, a transparent regulatory framework, and well-established mining infrastructure.

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