Zeus Resources Limited (ZEU:AU) has announced Pause in Trading
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(TheNewswire)
Secures Equity, Cash, and Ongoing Upside Exposure
Vancouver, British Columbia, February 26th, 2025 TheNewswire – Prismo Metals Inc. (‘Prismo’ or the ‘Company’) (CSE: PRIZ,OTC:PMOMF) (OTCQB: PMOMF) is pleased to announce that it has entered into a definitive assignment agreement (the ‘Agreement’) with Blade Resources Inc. (‘Blade’) pursuant to which Prismo has agreed to assign all of its rights, interests and obligations in the Hot Breccia copper project, located in the heart of the Arizona copper belt (the ‘Transaction’), to Blade. The Transaction is expected to close on or about March 2, 2026, or such other date as the Company and Blade may agree.
In consideration for the Transaction, Prismo will be issued 6,755,000 common shares of Blade and will receive a cash payment of $185,000. Following completion of the Transaction, Prismo will own approximately 24% of Blade’s issued and outstanding shares and will be Blade’s largest single shareholder (see additional early warning disclosure below).
Alain Lambert, CEO of Prismo, commented: ‘In our opinion, Hot Breccia is one of the best copper exploration opportunities in North America. Since optioning the project in January 2023, we have remained committed to advancing it toward drilling. After carefully evaluating our options – including funding a drill program internally, partnering with a major, or joining forces with like-minded explorers – we have concluded that the best way forward for Prismo is the latter hence this partnership with Blade.’ He added: ‘The principals and financial backers of Blade have a long history and strong track record in raising significant capital for exploration programs of the scale required at Hot Breccia.’
Strategic Rationale
The Transaction provides several strategic benefits:
Value Creation: Prismo is leveraging its investments in Hot Breccia into a significant stake in a company dedicated to advancing the Hot Breccia project.
Access to Capital with Limited Dilution: The structure provides enhanced access to capital for the Hot Breccia drill program through Blade, without direct dilution to Prismo shareholders.
Strategic Focus: Prismo will focus on advancing its remaining Arizona projects — Silver King and Ripsey Gold — while Blade dedicates its efforts to advancing Hot Breccia.
Enhanced Attractiveness to Strategic Partners: With the potential for 100% ownership of Hot Breccia, Blade will be in a better position to possibly attract majors or strategic buyers.
Prismo’s Investment in Blade
Regarding Prismo’s investment in Blade, Mr. Lambert said: ‘We see several potential pathways for our investment: holding it long term, monetizing a portion to fund other projects, distributing shares to our shareholders, or a combination of these last two approaches. At this time, we are entering this transaction with a long-term perspective. Successful development at Hot Breccia would have meaningful implications for shareholder value.’
Additional Prismo Rights under the Transaction
Under the terms of the Transaction:
-
Prismo has the right to nominate one representative to Blade’s board of directors. The Company has not yet determined its initial nominee.
-
Blade has granted Prismo participation rights in future equity offerings, allowing Prismo to subscribe for shares on substantially the same terms as other investors in order to maintain its undiluted ownership percentage in Blade.
Dr. Linus Keating, manager of Walnut Mines LLC, the underlying landowner of Hot Breccia enthusiastically commented: ‘Walnut Mines strongly supports any initiative that advances Hot Breccia toward a serious drill program. We are optimistic that this transaction will help achieve that objective in 2026. In our view, this property continues to represent an excellent copper exploration opportunity in North America.‘
Early Warning Disclosure
This news release is issued in accordance with National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues. Prior to the Transaction, Prismo did not own any common shares of Blade. The common shares of Blade will be acquired by Prismo for a total consideration of $2,364,250 and will be acquired for investment purposes with a view to Blade’s potential listing on a Canadian stock exchange.
Except as described in this news release, Prismo has no present plans or intentions that relate to or would result in any of the matters enumerated in paragraphs (a) through (k) of Item 5 of Form 62-103F1.
Prismo will file an early warning report in accordance with applicable securities laws, which will be available under Blade’s profile on SEDAR+ at www.sedarplus.ca . A copy of the early warning report may be obtained by contacting Gordon Aldcorn at the contact details below.
About the Hot Breccia Project
The Hot Breccia project lies at the heart of the Arizona Copper Belt, which hosts several globally significant porphyry copper deposits. Examples of these significant deposits are Freeport McMoRan’s Miami-Inspiration mining complex, BHP’s San Manuel mine, Rio Tinto and BHP’s Resolution deposit and others (see Figure 1).
Figure 1. Location of the Hot Breccia Project in the Arizona Copper Belt.
Note that the Company and its qualified person have not been able to independently verify the information on these producing mines, and that the information is not necessarily indicative of the mineralization on the Hot Breccia project.
About Prismo Metals Inc.
Prismo (CSE: PRIZ,OTC:PMOMF, OTCQB: PMOMF) is a mining exploration company focused on advancing its Silver King, Ripsey and Hot Breccia projects in Arizona and its Palos Verdes silver project in Mexico.
About Blade Resources Inc.
Blade Resources is a private mining exploration company focused on development of North American copper and precious metals projects.
Please follow @PrismoMetals on , , , Instagram, and
Prismo Metals Inc.
1100 – 1111 Melville St., Vancouver, British Columbia V6E 3V6 Phone: (416) 361-0737
Contact:
Alain Lambert, Chief Executive Officer alain.lambert@prismometals.com
Gordon Aldcorn, President gordon.aldcorn@prismometals.com
Cautionary Note Regarding Forward-Looking Information
This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking information relates to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as ‘intends’ or ‘anticipates‘, or variations of such words and phrases or statements that certain actions, events or results ‘may’, ‘could’, ‘should’, ‘would’ or ‘occur’. This information and these statements, referred to herein as ‘forward‐looking statements’, are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management’s expectations and intentions with respect to, among other things: the anticipated closing and closing date of the Transaction; the strategic rationale and potential upside of the transaction with Blade, the future development of the Hot Breccia project and Blade’s ability of Blade to successfully implement its strategic and business objectives, including potentially attracting majors or strategic buyers; and the ability of Prismo to fund its exploration activities on its other projects.
These forward‐looking statements involve numerous risks and uncertainties, and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things: that the Transaction may not close as anticipated, or at all; delays incurred by Blade in obtaining or failure to obtain appropriate funding to finance the exploration program at Hot Breccia; the inability of Blade to successfully acquire a 100% interest on the Hot Breccia project; delays incurred by the Company in obtaining or failure to obtain appropriate funding to finance exploration programs for its other projects; the risk that mineralization will not be as anticipated at the Hot Breccia project or at the Company’s other projects; metal prices; market uncertainty; and other risks and uncertainties application to exploration activities and the Company’s business as set forth in the Company’s disclosure documents available for viewing under the Company’s profile on SEDAR+ at www.sedarplus.com.
In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, that: the timeline for closing the Transaction will be as anticipated; the Transaction will close; the ability to raise capital to fund exploration programs at Hot Breccia or on the Company’s other projects, and the timing of such exploration programs; the ability of Blade to complete the option to acquire a 100% interest in the Hot Breccia project and to successfully carry out its business and strategic objectives following completion of the transaction; and that the Hot Breccia project and the Company’s other projects will have the anticipated mineralization and other qualities.
Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.
Copyright (c) 2026 TheNewswire – All rights reserved.
News Provided by TheNewsWire via QuoteMedia
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Minnesota Timberwolves’ guard Anthony Edwards has been fined $25,000 by the NBA for throwing the game ball ‘with force’ into the stands during halftime of Minnesota’s 124-121 road win over the Portland Trail Blazers on Tuesday.
The incident occurred at the end of the second quarter, when Edwards snagged a rebound off a Portland miss, then faked a heave to end the half. After the buzzer had already sounded, Edwards launched the ball toward the basket and struck someone standing nearby.
Edwards did not throw the ball out of anger or frustration, but the ball did clearly hurt the bystander.
WATCH: The heave that cost Edwards $25K
You can watch the full video of the incident here, on nba.com.
Has Edwards been fined before?
He’s certainly no stranger to fines. Last year, Edwards was fined $420,000 across eight transgressions, mostly for foul language used in interviews with the press following games.
Has anyone else been fined for similar actions?
Funny enough, Orlando Magic guard Desmond Bane was also fined $25K for throwing a ball into the stands ‘with force’ during the team’s Tuesday night win against the Los Angeles Lakers. Bane’s incident occurred at the end of the game.
You can watch that incident here.
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Longtime MLB umpire Bruce Froemming has died at the age of 86, his family confirmed to The Athletic.
Froemming’s sons told The Athletic and Associated Press that Froemming fell at his home in Wisconsin on Tuesday and hit his head on the hardwood floor. He was taken to a hospital in Milwaukee, according to his family, before succumbing to a brain bleed that medical personnel were unable to stop. Froemming had been on blood thinners.
Froemming worked 5,163 MLB games, which is the third-most games by an MLB umpire, over 37 consecutive baseball seasons beginning in 1971. Among those games, he worked five World Series and was on the field for 11 no-hitters.
Froemming was behind the plate for no-hitters by Milt Pappas (1972), Ed Halicki (1975), Nolan Ryan (1981) and José Jiménez (1999).
Froemming retired in 2007, when his total games worked stood second behind Bill Klem’s 5,373. Both Froemming and Klem were surpassed by Joe West, who worked 5,460 games before he retired in 2021.
Following his retirement, Froemming served as a special assistant to the league’s vice president on umpiring.
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INDIANAPOLIS – By definition, the NFL draft is inherently a young man’s game.
But while there are no literal graybeards among this year’s class of prospects, a number of players are set to become rookies despite resembling veterans in age. And they’re doing so at a moment when personnel decision-makers have reconsidered a longstanding aversion to older prospects.
‘If it’s close between players and you have a 20-year-old and a 25-year-old, obviously you’re going to take the 20-year-old,’ NFL Network draft analyst Daniel Jeremiah said this week at the scouting combine. ‘But teams are not as concerned with the age going through this process.’
With the NCAA in 2020 granting an extra year of eligibility to all players, the NFL saw a three-year spike in draftees who were 24 years or older, peaking in 2024 with 56 selected. This year’s total won’t approach that high-water mark, with a smaller group constituting the last wave of sixth-year seniors.
But with the NIL boom driving a substantial reduction in underclassmen declarations – 63 this year, less than half the number (128) from five years ago – it’s readily apparent that the latest class is continuing to skew older and more experienced. And NFL front offices, having already rethought their previous norms around age, are prepared.
‘I don’t believe a 25-year-old is old,’ Cincinnati Bengals director of player personnel Duke Tobin said. ‘I think a 25-year-old is young, still has a lot of football left in his body. It’s a data point. It’s something we’re aware of. It might affect the longevity down the road. But sometimes it can also be a benefit in a guy being more mature in his body or a little more stable in how he conducts himself in his personal life.
‘Age is a number. Guys are playing longer these days. It’s a factor, but it’s not a big factor for us.’
‘A seasoned rookie’
There’s a clear choice for the flagbearer of this year’s 24-and-up movement.
Miami defensive end Akheem Mesidor, who will turn 25 in April prior to the draft, wears his age proudly. The Ottawa native blossomed in his final season with the Hurricanes, recording 12 ½ sacks and helping lead the charge for the Hurricanes’ run to the national championship game. Now, he could join Rueben Bain Jr., his more highly hyped pass-rushing partner, in the first round.
For Mesidor, his atypical timeline for arriving in the pros is a source of strength.
‘You can call me a seasoned rookie – whatever you want to call it,’ Mesidor said with a smile at the combine. ‘I’m coming in more mature, with a different approach and a different mentality than a lot of younger guys.’
There are a handful of other 24-year-old offensive and defensive linemen joining Mesidor in this class. In recent years, the fronts have often featured the heaviest volume of similarly aged players, Green Bay Packers general manager Brian Gutekunst said.
An age outlier, however, can be found at almost any position.
The phenomenon was thrust into the spotlight in 2024 when quarterbacks Michael Penix Jr. and Bo Nix were each selected in the top 12 picks despite being sixth-year seniors who were already 24 on draft day. Tyler Shough represented an even more extreme test case for teams, as the seventh-year senior and eventual second-round pick of the New Orleans Saints turned 26 before making his first start last fall.
This year, UConn quarterback Joe Fagnano – a former Maine transfer and possible late-round pick – also was invited to the combine after staying in the collegiate ranks for eight years.
At running back, South Carolina’s Rahsul Faison turned 26 last week. He’s multiple months older than both the Dallas Cowboys’ Javonte Williams and the Los Angeles Rams’ Kyren Williams – each of whom has logged more than 800 carries in the NFL and already signed a second contract.
When it comes to positions that allow for shorter career windows, the notion of using a pick on a player who has a limited time left to remain at or near his athletic peak can be daunting. Miami cornerback Keionte Scott, who played a has a counterargument.
‘I’ve heard that going around, but I feel like this game that we play is a win-now game,’ said Scott, 24. ‘That takes a lot of the age things away.
‘These teams, some of these coaches don’t have time to waste. … When you play this game, it doesn’t matter how old you are.’
First-year Miami Dolphins general manager Jon-Eric Sullivan agrees, but with a caveat.
‘I think if you can help it, you don’t want a player close to going into a second contract around 30 years old,’ Sullivan said. ‘Having said that, with the climate of college football, there are situations where you’re going to have to consider that to get good football players.’
But Jeremiah cited a running joke in football circles: Amid all the focus on second contracts for older draft prospects, general managers are also seeking additional contracts of their own – and therefore pursue immediate assistance in whatever form it might come.
‘Let’s try to get 4-5 good years out of this player, and if he gives us that and we move on, it’s a good pick,’ Jeremiah said.
Back to the board
The reality of the current draft dynamic hit Kansas City Chiefs general manager Brett Veach in January. That’s when the league holds its annual underclassmen declaration deadline.
With so many players opting to go back to school, the Chiefs removed approximately 25 prospects from the team’s board of the overall top 75-100.
‘It really impacts the draft, and there are some older prospects as you go on,’ Veach said. ‘I don’t think that’s gonna change anytime soon, and that’s something that we have to adapt to until there are some wholesale changes on the college side. I think this is just the way things are gonna work now.’
Gutekunst, however, isn’t so sure that the draft landscape will remain this way for the foreseeable future.
‘I think for the next year or so that we’ll be in that window, and then we’ll gradually graduate out of it,’ Gutekunst said.
The biggest fallout for the league can be in its developmental pipeline. This is often reflected on Day 2, Veach said, which is frequently the landing spot for some players who have a wide gulf between their promise and their pro readiness.
‘Typically in the second or third round would be those guys who didn’t play a lot, but they’re young,’ Veach said. ‘Well, now they’re just bouncing to another school and getting paid while playing. So with these younger developmental guys, you’re getting a bit more of a finished product.’
Regardless of whether the pool of prospects changes, NFL decision-makers have already made up their minds on the issue.
In his first draft as general manager of the Las Vegas Raiders, John Spytek selected two players who had already turned 24: third-round cornerback Darien Porter and sixth-round wide receiver Tommy Mellott. With a robust roster reset at hand, Spytek didn’t want age to be a disqualifying factor.
‘Our analytics department gets mad at me anytime we put a guy up there who’s a little bit older,’ Spytek said. ‘But we’re just looking for good football players.’
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As February turns to March and the men’s college basketball season winds toward its conclusion, there are plenty of high-stakes offerings on this weekend’s schedule for your viewing enjoyment. We can’t promise two top-five clashes like we had last week in this space, but the slate makes up for that in quantity with no fewer than a half dozen USA TODAY Sports Coaches Poll Top 25 showdowns over the course of the weekend.
That lineup begins Friday night in the Big Ten and continues into a Saturday marathon that opens with a first-place showdown in the ACC and also features a doubleheader in the SEC.
BRACKETOLOGY: A new No. 1 seed emerges in March Madness projection
Without further ado then, let’s get to this week’s Starting Five – plus a few coming in off the bench.
No. 3 Michigan at No. 11 Illinois
Time/TV: Friday, 8 p.m. ET, Fox.
The Wolverines are three games clear in the Big Ten race entering the regular season’s penultimate weekend, and in all likelihood they’ve already done enough to merit a No. 1 NCAA regional seed. The Fighting Illini’s recent run of tough overtime losses cost them both of those goals, but a win here would provide a huge confidence boost heading into March. The good news for Brad Underwood’s squad is Illinois is one of the few teams with the frontcourt strength and depth to match up with the Wolverines. The Illini also have more reliable perimeter shooting, thanks mainly to Keaton Wagler, but Michigan’s Elliot Cadeau shook off his rough outing against Duke with a more accurate night against Minnesota.
No. 12 Virginia at No. 1 Duke
Time/TV: Saturday, noon ET, ESPN.
It’s a surprising fight for the top position in the Atlantic Coast Conference. The Blue Devils of course were expected to be in this position in the ACC. The new-look Cavaliers were more of a mystery at the start of the season but have meshed together well in Ryan Odom’s initial campaign. Duke’s Cameron Boozer is the odds-on favorite to be named league player of the year, but UVa’s Thijs De Ridder has a strong case for all-conference accolades putting up 16.0 points and 6.3 rebounds a game.
No. 14 Kansas at No. 2 Arizona
Time/TV: Saturday, 4 p.m. ET, ESPN.
The Wildcats shook off their recent two-game skid and have retaken control of the crowded Big 12. The wildly inconsistent Jayhawks go for a rare season sweep of Arizona, but leaving the McKale Center with a win is never easy. KU’s defensive effort against Houston in its most recent outing was arguably its best of the season, and Flory Bidunga and the rest of the Jayhawks will have to be just as connected to handle the Wildcats’ numerous offensive threats. Arizona will still likely be without Koa Peat due to a leg injury, but Brayden Burries and Jaden Bradley are also capable of taking over a game.
No. 16 Texas Tech at No. 5 Iowa State
Time/TV: Saturday, 4 p.m. ET, CBS.
Elsewhere in the Big 12, the Cyclones look to add to their collection of quality home-court victories and stay in the hunt for a No. 1 NCAA seed. The game is no less important for the Red Raiders, who need to show they can still compete for a championship despite losing their best player. With J.T. Toppin sidelined, Texas Tech has relied more on long-range scoring from Christian Anderson and Donovan Atwell, but LeJuan Watts has also stepped up to help on the glass. Iowa State can get points in a variety of ways but is at its best when the ball finds Milan Momcilovic and Joshua Jefferson close to the bucket.
No. 18 Alabama at No. 22 Tennessee
Time/TV: Saturday, 6 p.m. ET, ESPN.
In truth these SEC contenders are more than likely playing for second place in the league at best, but securing a top-four seed in the upcoming conference tournament is an important priority. That became a concern for the Volunteers with their midweek loss at Missouri. Usually their solid team defense would give them an excellent chance to successfully defend their home court, but they need to find Crimson Tide sharpshooters Labaron Philon and Aden Holloway quickly. While it might appear at times that defense is optional for Alabama, the Tide at least need to limit second-chance opportunities for Vols standout freshman Nate Ament.
Villanova at No. 15 St. John’s
Time/TV: Saturday, 8 p.m. ET, Fox.
The Red Storm must put Wednesday night’s dismantling at the hands of Connecticut behind them quickly as they return home to the more friendly environs of Madison Square Garden. But the game is just as vital for the Wildcats, whose March staying power remains very much in question. St. John’s desperately needs a fast start to erase the memory of the 0-for-24 finish at UConn, which will likely mean getting Zuby Ejiofor involved early. Villanova will need Duke Brennan to hold his own on the boards and stay out of foul trouble.
No. 17 Arkansas at No. 7 Florida
Time/TV: Saturday, 8:30 p.m. ET, ESPN.
The Gators look to run their winning streak to nine and in the process lock up the SEC regular-season title. The Razorbacks must win in Gainesville then get some help in order to catch Florida, but they’re also looking to continue the momentum of five wins in six games. The presence of Darius Acuff gives Arkansas a shot in every game, howevert the improved production from the Gators guard tandem of Xaivian Lee and Boogie Fland has raised the team’s ceiling considerably.
No. 9 Gonzaga at Saint Mary’s
Time/TV: Saturday, 10:30 p.m. ET, ESPN.
The day concludes with a final edition of West Coast Conference after dark, though there will probably be yet another encounter between these long-time league rivals in a little over a week before Gonzaga departs for the new Pac-12. Gonzaga has the top seed clinched, but the Gaels would nevertheless like to leave the Zags with one last impression of their Moraga, California, campus before the programs part ways. Graham Ike and the rest of Gonzaga’s veteran lineup won’t be rattled by a hostile student section, but the Saint Mary’s interior defense of Andrew McKeever and Paulius Murauskas could prove more difficult to solve.
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They always find out.
Students have tried for years to hide report cards from their parents after getting bad grades in school, but no forged signature is ever enough to prevent the truth from coming out. While the NFL won a grievance against the NFL Players Association (NFLPA) on Feb. 13 to prevent the annual release of ‘Team Report Cards,’ it wasn’t enough to stop the leak.
The Miami Dolphins ranked No. 1 in the report cards for the third consecutive season, according to the report that was obtained by ESPN. The Minnesota Vikings ranked second and the Washington Commanders rounded out the three highest-rated franchises for 2026.
There was a change at the bottom, however, as the Pittsburgh Steelers checked in at No. 32 for the first time in the report card’s four-year history. Pittsburgh received low marks, especially for facilities. The results included owner Art Rooney’s ranking last for willingness to invest in facilities and the Steelers’ locker room, which also received a failing grade.
The team’s field ranked last ‘by a wide margin,’ highlighting a need for more investment to increase the standard. Acrisure Stadium’s grass turf was the subject of discussion after it was particularly torn up during a Week 6 game between the Steelers and Browns.
Also ranking in the bottom-three were the Arizona Cardinals at No. 31 and Cleveland Browns at No. 30.
This year’s survey includes results from 1,759 players and it was open from Nov. 2 to Dec. 11.
The overall grades range from A-plus to F-minus across 17 different categories. Those categories are:
- Treatment of Families
- Home Game Field
- Food/Dining Area
- Nutritionist/Dietician
- Locker Room
- Training Room
- Training Staff
- Weight Room
- Strength Coaches
- Position Coaches
- Offensive Coordinator
- Defensive Coordinator
- Special Teams Coordinator
- Team Travel
- Head Coach
- General Manager
- Team Ownership
Players awarded only 15 A-plus grades across the league, with the Commanders receiving the most with three different categories. There were nine F-minus grades, with the Steelers and Cincinnati Bengals each getting one in two different categories.
It’s unclear how the league will react to the leak, since the grievance claimed that the report cards shouldn’t be released because they violated the collective bargaining agreement between the two parties. The ruling also barred the NFLPA from ‘publishing or publicly disclosing the results of future player Report Cards.’
Following the decision, the NFLPA said it would continue to collect the survey results, but wouldn’t release them.
Players, both current and former, were quick to criticize the grievance decision. Now those results have, at least in part, been revealed.
They just won’t be going on the fridge anytime soon.
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Precious metals are recovering their safe-haven demand appeal this week.
Gold, silver and platinum are up this week, all still down from the all-time highs recorded in January. Escalating geopolitical tensions and US trade policy shifts are once again at center stage in this sector of the commodities market.
Let’s take a look at what’s got the precious metals moving over the past week.
Gold price
After dropping as low as US$4,400 per ounce on February 2, this past week gold has taken another run well above the key psychological US$5,000 mark; albeit still hundreds of dollars away from its record high of close to US$5,600 reached on January 28.
After trading in a tight range of US$4,985 to US$5,000 for much of Thursday (February 19), the price of gold managed to rise as high as US$5,107 on Friday. That upward climb continued on Monday (February 23) to an intraday high of US$5,248 — a level gold hasn’t seen in a month.
The yellow metal lost that steam by Tuesday’s close with the precious metal trading back down at US$5,143. By Wednesday morning, gold was once again making a run at the US$5,200 level to reach an intraday high of US$5,217.58 at 9:10 a.m. PST. However, it couldn’t hang on for long, sinking back down to US$5,166.25 as of 1:40pm PST on profit-taking and a stronger dollar.
Gold price chart, February 18, 2026 to February 25, 2026.
Here are the primary drivers for gold this past week:
- Dips this week were brought on by slight downward pressure due to profit-taking and a stronger US dollar.
In other gold news, JPMorgan Chase (NYSE:JPM) raised its gold forecast to US$6,300 by the end of 2026, citing a ‘reserve currency paradigm shift’ as countries diversify away from the dollar, and ‘significant investor diversification’.
Looking at major events in the gold mining sector, Kinross Gold’s (TSX:K,NYSE:KGC) Great Bear development in the Red Lake district of Ontario, Canada, has been designated for a reduced permitting timeline under the provincial government’s One Project, One Process (1P1P) framework. 1P1P is a streamlined approval system aimed at reducing government review times by 50 percent. The high-grade, combined open-pit and underground operation is expected to produce more than 500,000 ounces of gold annually during its peak years.
Silver price
The price of silver is still well below its all-time high of more than US$120 per ounce it reached on January 29, 2026. For the most part, the white metal continued to track the same trends as gold this week.
Like gold, silver traded sideways Thursday (February 19) in the US$77.50 to US$78.50 range, and then surged the following day to an intraday high of US$84.61.
For most of Monday (February 23), silver continued higher but at a much slower pace, to reach as high as US$88.96. Tuesday brought another day of tight trading in the US$86.70 to US$88.10; however, by Wednesday morning the silver price had managed to break through the US$90 level on the same safe-haven demand forces pushing gold prices higher this week.
The price of silver hit an intraday high of US$91.15 at 11:55am PST before sliding back down below US$89 in the afternoon session.
Silver price chart, February 18, 2026 to February 25, 2026.
Silver may still not be back into the triple digits, but its showing strong support despite a slump in artificial intelligence (AI) tech stocks. Silver, the most electrically and thermally conductive metal on the planet, is considered a key material for AI tech, particularly in data centers and high-performance computing. Silver is also in a structural supply deficit which continues to provide upward pressure on silver prices
In silver mining news, Lundin Gold (TSX:LUG,OTCQX:LUGDF) announced a US$670 million silver stream deal with LunR Royalties (TSXV:LUNR) on its Fruta del Norte mine.
Platinum price
Platinum continues to be one of the top performing metals, reaching a 12-year high in recent weeks. This past week it has gained more than 8 percent. Sideways trading on Thursday (February 19) turned into an upward climb on Friday with prices for platinum rising from a low of US$2,060.10 to a high of US$2,117.40 per ounce.
The first few days of this new week were marked by volatility with wider price swings. The platinum price reached a three week high of US$2,226.30 in late day trading Tuesday. The jump was driven by a combination of geopolitical tensions, trade uncertainty, and structural supply constraints.
Platinum continued its ascent in overnight trading, reaching as high as US$2,360.50 in early morning trading, and managed to finish off the day just below the US$2,300 level.
Platinum price chart, February 18, 2026 to February 25, 2026.
Platinum prices are benefitting from renewed tariff jitters, geopolitical safe-haven demand, and persistent supply tightness from major producer South Africa.
The emerging hydrogen economy is also adding to demand for the metal on top of robust demand from the auto sector. Consumers are shifting back toward internal combustion engine and diesel vehicles as hurdles to EV adoption remain challenging. This is highly supportive of demand for platinum as its primary use is in automotive catalysts.
On the supply side, global platinum reserves remain critically low, especially as the world’s biggest producer South Africa continues to be plagued by power shortages and operational disruptions.
In platinum mining news, Valterra Platinum declared a dividend of 45 rand a share for a total 2025 payout of 12 billion rand (US$757 million) after its net income more than doubled to 15.4 billion rand. Bloomberg reported that the size of the dividend “smashed analyst expectations as earnings jumped last year on soaring metals prices”.
Palladium price
Palladium has been the black sheep of the precious metals family for the past few years, remaining well below its March 2022 all-time record of US$3,440.76 per ounce.
On Thursday (February 19), unlike its sister metals, palladium rallied 4.8 percent to an intraday high of US$1,767.50. The metal closed out last week with another nearly 3.9 percent gain to US$1,836.
On Monday, palladium lost some of that ground to close out the day at US$1,820. After dipping to a low of US$1,763 in early morning trading on Tuesday, the price of the metal regained those losses and more by the end of the trading day reaching as high as US$1,843.
Wednesday (February 25) morning brought a spike in palladium prices to US$1,935 as the metal went along for the same ride as platinum, before falling back to the US$1,860 level in afternoon trading.
Palladium price chart, February 18, 2026 to February 25, 2026.
As is the case with platinum, demand for palladium is getting support from the auto sector. Rising prices for platinum are leading automakers to make the swap to palladium.
The US Department of Commerce’s preliminary statement of support for anti-dumping duties of approximately 133 percent on unwrought Russian palladium imports is still shaping the outlook for palladium on the supply side. This follows a petition from Sibanye-Stillwater (NYSE:SBSW) over allegations that Russian metal is being sold in the US at less than fair value. A final decision is expected in the case by June of this year.
Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.
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1911 Gold Corporation (‘1911 Gold’ or the ‘Company’) (TSXV: AUMB,OTC:AUMBF) (OTCQX: AUMBF) (FRA: 2KY) announces that, pursuant to the Company’s long-term incentive plan (the ‘LTIP’), it has granted stock options (the ‘Options’) to Suzette Ramcharan, an employee of the Company who provides investor relation services, to purchase 500,000 shares of the Company (the ‘Shares’) at a price of $1.15 per Share until February 25, 2031. The Options will vest ¼ three months after the date of the grant; ¼ six months after the date of the grant; ¼ nine months after the date of the grant; and ¼ twelve months after the date of the grant. The foregoing Options are subject to acceptance by the TSX Venture Exchange.
About 1911 Gold Corporation
1911 Gold is an advanced gold explorer and developer focused on its 100%-owned True North Gold Project in the Archean Rice Lake Greenstone Belt in Manitoba, Canada. The Company controls a large, highly prospective ~62,000-hectare land package with numerous past-producing gold operations within trucking distance of the fully built and permitted True North mine and mill complex. 1911 Gold is positioning itself to restart operations in 2027 and offers a unique, near-term production story with significant exploration upside. The strategy is to build a district-scale gold mining operation around a centralized, and readily expandable infrastructure to support a socially and environmentally responsible, long-term mining operation with little development risk and a growing mineral resource base.
1911 Gold’s True North complex and the exploration land package are located within and among the First Nation communities of the Hollow Water First Nation and the Black River First Nation. 1911 Gold looks forward to maintaining open, cooperative, and respectful communications with all of our local communities and stakeholders to foster mutually beneficial working relationships.
ON BEHALF OF THE BOARD OF DIRECTORS
Shaun Heinrichs
President and CEO
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
This news release contains forward-looking information or forward-looking statements within the meaning of applicable securities laws (collectively, ‘forward-looking statements‘). Often, but not always, forward-looking statements can be identified by the use of words and phrases such as ‘plans’, ‘expects’ or ‘does not expect’, ‘is expected’, ‘budget’, ‘scheduled’, ‘estimates’, ‘forecasts’, ‘intends’, ‘anticipates’ or ‘does not anticipate’, or ‘believes’, or that describe a ‘goal’, or variations of such words and phrases, or statements that certain actions, events or results ‘may’, ‘could’, ‘would’, ‘might’ or ‘will’ be taken, occur or be achieved.
All forward-looking statements reflect the Company’s beliefs and assumptions based on information available at the time the statements were made. Actual results or events may differ from those predicted in these forward-looking statements. All of the Company’s forward-looking statements are qualified by the assumptions that are stated or inherent in such forward-looking statements, including the assumptions listed below. Although the Company believes that these assumptions are reasonable, this list is not exhaustive of factors that may affect any of the forward-looking statements.
Forward-looking statements involve known and unknown risks, future events, conditions, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, predictions, projections, forecasts, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to, the terms of the Options, the ability of the Company to receive necessary regulatory approvals for the grant of the Options, and the planned restart of mining operations in 2027, and the timing of such event.
Although 1911 Gold has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.
All forward-looking statements contained in this news release are given as of the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE 1911 Gold Corporation
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Clem Chambers, CEO of aNewFN.com, explains why he sold his gold and silver, and where he’s looking next, mentioning the copper and oil sectors.
He also speaks about the importance of staying positive as an investor: ‘The media negativity is the most wealth-crushing thing you can fall for. So be positive. Work hard at it. Be on the front foot. Look for opportunities. Think hard about it. Study. You will do so well.’
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
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