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finlay minerals ltd. (TSXV: FYL,OTC:FYMNF) (OTCQB: FYMNF) (‘Finlay’ or the ‘Company’) announces that it has granted an aggregate of 2,725,000 stock options of the Company (each, a ‘Stock Option’) to certain directors, officers, employees and consultants of the Company. Each Stock Option entitles the holder thereof to acquire one common share of the Company at an exercise price of $0.13 until December 10, 2030. The Stock Options were issued pursuant to the terms of the Company’s rolling 10% stock option plan, which was most recently approved by the shareholders of the Company on June 20, 2025.

The above-noted stock option grant brings the total number of the Company’s issued and outstanding stock options to 11,925,000.

The Stock Options vest as of the date of the grant. The Stock Options and any common shares of the Company issued upon exercise of the Stock Options will be subject to a four-month resale restriction from the date of grant of the Stock Options.

About finlay minerals ltd.

Finlay is a TSXV company focused on exploration for base and precious metal deposits through the advancement of its ATTY, PIL, JJB, SAY and Silver Hope Properties; these properties host copper-gold porphyry and gold-silver epithermal targets within different porphyry districts of northern and central BC. Each property is located in areas of recent development and porphyry discoveries with the advantage of hosting the potential for new discoveries.

Finlay trades under the symbol ‘FYL’ on the TSXV and under the symbol ‘FYMNF’ on the OTCQB. For further information and details, please visit the Company’s website at www.finlayminerals.com

On behalf of the Board of Directors,

Robert F. Brown,
Executive Chairman of the Board

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

Forward-Looking Information: This news release includes certain ‘forward-looking information’ and ‘forward-looking statements’ (collectively, ‘forward-looking statements’) within the meaning of applicable Canadian securities legislation. All statements in this news release that address events or developments that we expect to occur in the future are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, although not always, identified by words such as ‘expect’, ‘plan’, ‘anticipate’, ‘project’, ‘target’, ‘potential’, ‘schedule’, ‘forecast’, ‘budget’, ‘estimate’, ‘intend’ or ‘believe’ and similar expressions or their negative connotations, or that events or conditions ‘will’, ‘would’, ‘may’, ‘could’, ‘should’ or ‘might’ occur. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Forward-looking statements in this news release include statements regarding, among others, the exploration plans for the Properties. Although Finlay believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploration successes, and continued availability of capital and financing and general economic, market or business conditions. These forward-looking statements are based on a number of assumptions including, among other things, assumptions regarding general business and economic conditions, the timing and receipt of regulatory and governmental approvals, the ability of Finlay and other parties to satisfy stock exchange and other regulatory requirements in a timely manner, the availability of financing for Finlay’s proposed transactions and programs on reasonable terms, and the ability of third-party service providers to deliver services in a timely manner. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements, and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein. Finlay does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future or otherwise, except as required by applicable law. 

SOURCE finlay minerals ltd.

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The 2025 NCAA volleyball tournament rolls on as the Sweet 16 begins with four matches in the Lexington and Pittsburgh regionals on Thursday.

Will the undefeated No. 1 overall seed Nebraska Cornhuskers move on to compete for their first championship since 2017? Will the Cal Poly Mustangs continue their magical Cinderella run? Or will another team rewrite history? These questions, and so many more, will be answered when the first game of the Round of 16 kicks off between Creighton and Arizona State.

It’s the most wonderful time of the year with the best volleyball of the season. Here’s a preview of the matchups including players to watch.

(Number before team name represent its tournament seed)

No. 3 Creighton (27-5) vs. No. 2 Arizona State (28-3)

Thursday, Dec. 11: 1 p.m. ET (ESPN2)

Creighton starting lineup

Head coach: Brian Rosen

  • 2 Abbey Hayes | OH 6-foot-1 – Freshman
  • 5 Kiara Reinhardt | MB 6-3 – Senior
  • 6 Jaya Johnson | RS/MB 6-2 – Sophomore
  • 8 Ava Martin | OH 6-1 – Senior
  • 10 Eloise Brandewie | MB 6-3 – Junior
  • 17 Annalea Maeder | S 6-1 – Senior
  • 24 Sydney Breissinger | DS 5-7 – Junior

Arizona State starting lineup

Head coach: J.J. Van Niel

  • 3 Tatum Parrott | OH 6-0 – Senior
  • 4 Ella Lewis | OH/L 5-11 – Freshman
  • 5 Sydney Henry | S 5-11 – Senior
  • 10 Noemie Glover | OPP 6-2 – Junior
  • 11 Colby Neal | MB 6-4 – Graduate Student
  • 15 Faith Frame | L 5-7 – Sophomore
  • 22 Bailey Miller | OH 6-3 – Senior

Player to watch: Ava Martin, Creighton

The 2025 Big East Player of the Year finished top 10 in the conference in points per set (5.16), kills per set (4.52) and aces per set. Martin also ranks top 25 or better in the country in points per set, total points and total kills. She had a solid hitting percentage (.376) during her senior season, which helped her earn Big East Tournament MVP and be selected No. 2 overall by the Atlanta Vibe in the 2025 Major League Volleyball Draft.

Cal Poly (27-7) vs. No. 1 Kentucky (27-2)

Thursday, Dec. 11: 3:30 p.m. ET (ESPN2)

Cal Poly starting lineup

Head coach: Caroline Walters

  • 1 Emma Frederick | OH 5-10 – Junior
  • 2 Chloe Leluge | MB 6-3 – Sophomore
  • 6 Maren O’Farrell | L 5-8 – Freshman
  • 13 Kendall Beshear | OH 5-10 – Sophomore
  • 14 Emme Bullis | S 5-11 – Redshirt Senior
  • 15 Charlotte Kelly |MB 6-3 – Freshman
  • 20 Annabelle Thalken | OH 6-3 – Redshirt Senior
  • 21 Elif Hurriyet | L/DS 5-6 – Sophomore

Kentucky starting lineup

Head coach: Craig Skinner

  • 6 Kassie O’Brien | S 6-1 – Freshman
  • 7 Eva Hudson | OH 6-1 – Senior
  • 10 Kennedy Washington | MB 6-0 – Sophomore
  • 11 Molly Berezowitz | DS 5-5 – Junior
  • 12 Molly Tuozzo | L 5-7 – Junior
  • 15 Lizzie Carr | MB 6-6 – Redshirt Junior
  • 17 Brooklyn DeLeye | OH 6-2 – Junior

Player to watch: Eva Hudson/Brooklyn DeLeye, Kentucky

Hudson and DeLeye are one of the most dynamic duos in the country, if not the most dangerous in college volleyball. Hudson brings the explosiveness and DeLeye brings scoring and domination. Hudson, who transferred from Purdue, won the 2025 SEC Player of the Year, averaging 4.6 kills per set and tallying 482 total kills. Not to be left out, DeLeye had 495 kills while averaging 4.7 kills a set.

No. 4 Minnesota (24-9) vs. No. 1 Pitt (28-4)

Thursday, Dec. 11: 7 p.m. ET (ESPN2)

Minnesota starting lineup

Head Coach: Keegan Cook

  • 1 Stella Swenson | S 6-1 – Redshirt Freshman
  • 5 McKenna Garr | L/DS 5-7 – Freshman
  • 7 Carly Gilk | OPP 6-2 – Freshman
  • 15 Jordan Taylor | MB 6-5 – Freshman
  • 20 Lourdes Myers | MB 6-3 – Graduate Student
  • 22 Julia Hanson | OH 6-1 – Senior
  • 33 Kelly Kinney | OH 6-2 – Freshman

Pitt Panthers starting lineup

Head coach: Dan Fisher

  • 3 Emery Dupes | L/DS 5-6 – Redshirt Senior
  • 5 Olivia Babcock | RS 6-4 – Junior
  • 8 Blaire Bayless | OH 6-2 – Junior
  • 10 Marina Pezelj | OH 6-1 – Freshman
  • 13 Mallorie Meyer | L/DS 5-7 – Sophomore
  • 17 Brook Mosher | S 6-0 – Redshirt Senior
  • 20 Abbey Emch | MB 6-4 – Freshman
  • 21 Bre Kelley | MB 6-4 – Redshirt Senior

Player to watch: Olivia Babcock, Pitt

Perhaps no one can quickly (and rather casually) rack up a 30-kill game faster than Babcock, the ACC Player of the Year. She’s a rare combination of speed, power and skill that for which few opponents have an answer. The 2024 AVCA Player of the Year had a whopping 545 kills on a .323 hitting percentage, along with 235 digs and 110 total blocks during Pittsburgh’s 2025 season, as the team pushes for a fifth straight appearance in the NCAA tournament semifinals.

No. 3 Purdue vs. No. 2 SMU

Friday, Dec. 11: 9:30 p.m. ET (ESPN2)

Purdue starting lineup

Head coach: Dave Shondell

  • 3 Ryan McAleer | L 5-6 – Sophomore
  • 4 Kenna Wollard | OH 6-1 – Junior
  • 5 Taylor Anderson | S 6-1 – Junior
  • 9 Dior Charles | MB 6-1 – Junior
  • 12 Lindsey Miller | MB 6-4 – Graduate Student
  • 13 Akasha Anderson | OH 6-3 – Senior
  • 14 Grace Heaney | OPP/RS 6-2 – Redshirt Sophomore

SMU starting lineup

Head coach: Sam Erger

  • 1 Malaya Jones | OPP 6-0 – Graduate Student
  • 5 Casey Batenhorst | S 6-1 – Senior
  • 9 Averi Carlson | S 5-11 – Senior
  • 14 Jordyn Schilling | L 5-11 – Senior
  • 20 Maggie Croft | MB 5-10 – Freshman
  • 21 Favor Anyanwu | MB 6-2 – Sophomore
  • 42 Jadyn Livings | OH 6-1 – Sophomore

Player to watch: Averi Carlson, SMU

Carlson is the 2025 ACC Volleyball Setter of the Year and for good reason. She’s elite in every sense of the word. Her 1,268 total assists ranked third in the country, and her average of 11.22 assists per set ranks second nationally. Carlson, the No. 7 pick in the 2025 MLV Draft, also tallied 243 digs, 47 kills and 26 service aces this season.

No. 4 Indiana (25-7) vs. No. 1 Texas (25-3)

Friday, Dec. 12: 12 p.m. ET (ESPN)

Indiana starting lineup

Head coach: Steve Aird

  • 1 Madi Sell | MB 6-3 – Senior
  • 3 Candela Alonso-Corcelles | OH 6-2 – Freshman
  • 5 Audrey Jackson | OH/DS 5-11 – Freshman
  • 7 Hannah Lefridge | DS 5-10 – Freshman
  • 10 Teodora Krickovic | S 6-2 – Freshman
  • 13 Avry Tatum | OPP 6-2 – Senior
  • 23 Victoria Gray | MB 6-2 – Freshman
  • 24 Jaidyn Jager | OH 6-1 – Freshman

Texas starting lineup

Head coach: Jerritt Elliott

  • 1 Ella Swindle | S 6-3 – Junior
  • 2 Emma Halter | L 5-5 – Senior
  • 4 Torrey Stafford | OH 6-2 – Junior
  • 5 Ayden Ames | MB 6-4 – Sophomore
  • 23 Cari Spears | OH 6-3 – Freshman
  • 32 Ramsey Gary | DS 5-7 – Junior
  • 55 Nya Bunton | MB 6-3 – Redshirt Sophomore

Player to watch: Torrey Stafford, Texas

Don’t blink. Stafford is sneaky good and unsuspecting. She currently leads the Longhorns with 488 total kills, including 4.74 kills per set and is hitting .359 on the season. Stafford also leads Texas with 32 aces.

No. 3 Wisconsin (26-4) vs. No. 2 Stanford (29-4)

Friday, Dec. 12: 2:30 p.m. ET (ESPN)

Wisconsin starting lineup

Head coach: Kelly Sheffield

  • 1 Una Vajagic | OH 6-0 – Redshirt Sophomore
  • 7 Kristen Simon | L 5-8 – Freshman
  • 15 Mimi Colyer | OH 6-3 – Senior
  • 17 Alicia Andrew | MB 6-3 – Redshirt Senior
  • 24 Charlie Fuerbringer | S 5-11 – Sophomore
  • 32 Grace Egan | RS 6-1 – Redshirt Sophomore
  • 52 Carter Booth | MB 6-7 – Senior

Stanford starting lineup

Head coach: Kevin Hambly

  • 5 Jordyn Harvey | OPP 6-1 – Junior
  • 6 Koko Kirsch | DS 5-9 – Redshirt Sophomore
  • 7 Julia Blyashov | OH 6-3 – Redshirt Sophomore
  • 9 Spencer Etzler | L 5-7 – Freshman
  • 13 Elia Rubin | OH 6-1 – Senior
  • 22 Erika Sayer | MB 6-2 – Freshman
  • 30 Taylor Yu | S 6-0 – Sophomore

Player to watch: Mimi Colyer, Wisconsin

Colyer is highly explosive and a power hitter. She’s also precise in her decision-making, and that makes her a walking nightmare on a court. The Oregon transfer averages 5.32 kills per set, which is good for third in the nation.

No. 3 Texas A&M (25-4) vs. No. 2 Louisville (26-6)

Friday, Dec. 12: 7 p.m. ET (ESPN2)

Texas A&M Aggies starting lineup

Head coach: Jamie Morrison

  • 1 Ifenna Cos-Okpalla | MB 6-2 – Senior
  • 2 Addi Applegate | L/DS 5-5 – Freshman
  • 9 Logan Lednicky | OPP 6-3 – Senior
  • 12 Ava Underwood | L/DS 5-7 – Senior
  • 16 Maddie Waak | S 5-10 – Senior
  • 37 Kyndal Stowers | OH 5-11 – Sophomore

Louisville starting lineup

Head coach: Dan Meske

  • 3 Kamden Schrand | L 5-7 – Junior
  • 7 Chloe Chicoine | OH 5-10 – Junior
  • 8 Nayelis Cabello | S 6-0 – Sophomore
  • 11 Hannah Sherman | MB 6-3 – Redshirt Junior
  • 13 Cara Cresse | MB 6-6 – Redshirt Senior
  • 21 Payton Petersen | OH 6-0 – Sophomore
  • 24 Kalyssa Blackshear | OPP 6-5 – Freshman

Player to watch: Chloe Chicoine, Louisville

At 5-foot-10, Chicoine is undersized for an outside hitter, but for what she lacks in size, she makes up for it with some insanely good verticality and hitting power. Chicoine’s touch, quickness and speed are assets on the court. The junior is second on the team in digs and leads the Cardinals with 387 total kills.

No. 4 Kansas (24-10) vs. No. 1 Nebraska (32-0)

Friday, Dec. 12: 9:30 p.m. ET (ESPN2)

Kansas starting lineup

Head coach: Matt Ulmer

  • 4 Rhian Swanson | PIN 6-2 – Senior
  • 5 Selena Leban | PIN 6-0 – Freshman
  • 7 Katie Dalton | S/PIN 6-1 – Senior
  • 9 Jovana Zelenovic | PIN 6-7 – Freshman
  • 10 Reese Ptacek | MB 6-3 – Sophomore
  • 22 Ryan White | L/DS 5-9 – Senior
  • 24 Aisha Aiono | MB 6-3 – Junior

Nebraska starting lineup

Head coach: Dani Busboom Kelly

  • 2 Bergen Reilly | S 6-1 – Junior
  • 5 Rebekah Allick | MB 6-4 – Senior
  • 6 Laney Choboy | L 5-3 – Junior
  • 9 Virginia Adriano | OPP 6-5 – Freshman
  • 11 Teraya Sigler | OH 6-3 – Freshman
  • 15 Andi Jackson | MB 6-3 – Junior
  • 27 Harper Murray | OH 6-2 – Junior

Player to watch: Andi Jackson, Nebraska

Jackson is one of the most electric players in college volleyball. She can seemingly do it all. Pick a spot on the court, Jackson can hit forwards, backwards, or any way that she decides. The 6-foot-3 currently leads the country in hitting percentage with an astounding .483.

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With the margin in the NBA Cup West Quarterfinal between the Oklahoma City Thunder and Phoenix Suns approaching 40 points, tensions momentarily flared — and one player got ejected.

Midway through the third quarter, Phoenix Suns guard Grayson Allen was on defense near the right wing when he braced himself and threw his weight into Thunder center Chet Holmgren, who was trying to slide past Allen into the right corner. Holmgren crashed into Allen and tumbled to the court, which led to Thunder forward Jalen Williams walking over to Allen and shoving him.

‘Felt like I gave a good foul within the physicality of the game and what was going on both ends, especially with the bumps on screens, some of the hits on blockouts that were happening,’ Allen told reporters after the game, an eventual 138-89 Oklahoma City victory. ‘It was straight up. He was cutting into me. Definitely a foul, but I thought it was within the physicality of the game. I think the reaction afterwards kind of played into that.’

Players from each team then squared up, though officials were quick to defuse the situation and restore calm.

Upon replay review, NBA referee James Williams announced that Allen was being administered a flagrant 2 foul, prompting Allen’s ejection from the game. Williams cited windup and follow-through in assessing the flagrant foul.

Allen disagreed with Williams’ assessment of the foul.

‘When he said the explanation, I thought that was the description of a flagrant 1,’ Allen said. ‘They looked at it a bunch of times. I didn’t feel like there was wind up. I braced myself. Definitely delivered a bump and a hard foul, but it was straight up.’

Allen has had a history of physical — if not reckless — play on the court, including one incident against a Thunder player.

Back in January 2022, when Allen was a member of the Bucks, the NBA suspended him for one game without pay after he ‘made unnecessary and excessive contact’ on current Oklahoma City guard Alex Caruso, who was then with the Bulls. During that play, Caruso was driving to the basket on a fastbreak when Allen lunged at Caruso’s arms and flung him down to the court. Allen received a flagrant 2 foul on that play and was subsequently ejected.

Caruso ended up suffering a wrist fracture on the play and missed the following 22 games, which was nearly two months.

Allen developed a reputation at Duke and early in his NBA career for making perceived dirty plays. In July 2019, during a summer league game when he was a member of the Memphis Grizzlies, Allen was ejected after he received two flagrant fouls in the span of seven seconds — both of which were against then-Celtics forward Grant Williams.

While he was at Duke, then-Blue Devils coach Mike Krzyzewski stripped Allen of his captaincy after he tripped players out of frustration, which also led to a suspension.

Allen left Wednesday’s game against the Thunder having recorded 10 points on 3-of-9 shooting and added 4 assists, 1 rebound and 1 steal.

‘I just think when two really good teams are going at it and being physical, plays happen,’ Holmgren told reporters after the game. ‘I think it was officiated correctly, but it happened and then I moved on and kept trying to play the basketball game.’

The Thunder went on to rout the Suns, 138-89. Oklahoma City will play the winner of the other NBA Cup West Quarterfinal game Wednesday night between the San Antonio Spurs and Los Angeles Lakers.

The NBA Cup West Semifinal is scheduled for Saturday, Dec. 13 in Las Vegas.

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I wasn’t a John Cena fan. Not back then. Not even a little bit.

As a kid, I was in the minority. I recognize that. Watch back any Cena entrance from 2007-15 and you’ll find the same crowd reaction: every adult in attendance booing mercilessly while every child simultaneously screams in glee. 

This was the John Cena experience. No matter how you felt about him, you gave him a reaction. And as any pro wrestler will tell you, that’s the job, brother.

Love him or hate him, Cena represented everything great about this weird, niche genre of entertainment. He embraced its quirks with determination, its grueling schedule with endless effort and its spoils with grace.

You didn’t have to be a fan of Cena to recognize his mastery.

Lifelong wrestling fans born between the mid-1990s and early 2000s have been on a roller coaster ride with John Cena. Most of them went from idolizing Cena as kids to resenting his gimmick as young adults. 

Or maybe you’re like me, a kid who grew up in the Ruthless Aggression era but didn’t care much for Cena’s schtick. Then you stopped watching WWE for a while. You saw Cena pop up on your screen in a movie or TV show. You thought, ‘Hey, I remember that guy.’ Eventually, you heard about Cena’s retirement. You were curious and tuned in. 

And if your experience was anything like mine, you remembered why you fell in love with this whole pro wrestling thing in the first place.

Cena’s farewell tour held up a mirror to all of us, whether we’re hardcore WWE fans or casual enjoyers. To Cena, whether we booed or cheered − and most of us have done both − 2025 showed us we aren’t ready to sever an emotional tie with a character that’s provided us with laughs, cheers and utter frustration for nearly 25 years.

But while our feelings toward the character have changed over the years, the one constant has been Cena. He’s one of only a few who got a visceral crowd reaction with every entrance, every move, every word. Cena always got a reaction. That’s everything.

Sure, not every reaction was a positive one. Cena embraced that. His commitment was undeniable. As a kid, I wondered why he didn’t switch up his character or leave wrestling altogether.

Nope, not Cena. He rode the wave. Took what WWE gave him, took what the fans gave him ― good or bad. And Cena always came out smelling like roses.

Cena’s farewell tour is a perfect microcosm. It was questionably booked, muddled with a shocking heel turn that never got paid off. It felt poorly planned with strange segments and uninspiring opponents.

In spite of it, Cena elevated his work and made 2025 one of the best years of his career. He gave us an entertaining heel persona and, after WWE decided to abruptly pull that plug, had multiple match-of-the-year contenders, as well as helping to springboard young talent. 

So thank you, Cena. You helped me rediscover my love for pro wrestling. I would apologize for booing you in Manchester, New Hampshire, in 2008, but something tells me you preferred it that way.

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One of the reasons the Boston Bruins are third in the Atlantic Division is that most of their offseason additions have paid off in one way or another.

While a breakout season from Morgan Geekie, consistently elite play from David Pastrnak and improved goaltending from Jeremy Swayman have played huge roles in the Bruins performing surprisingly well, GM Don Sweeney’s additions have been solid.

For starters, left wing Viktor Arvidsson – acquired this past summer from the Edmonton Oilers for a fifth-round draft pick – has seven goals and 13 points in 24 games. Three of those goals are game-winners. At a $4 million cap hit, the 32-year-old isn’t exactly cheap, but he’s making the most of averaging 14:32 of ice time, and he’s giving great value for the trade price Sweeney paid for him.

Another Bruins offseason addition – former Columbus Blue Jackets forward Sean Kuraly, who signed at the relative bargain of $1.85 million per year on a two-year contract – is a crucial part of Boston’s penalty kill.

The Bruins’ penalty-kill rate is the ninth best in the league thus far at 82.5 percent, and Kuraly is averaging 3:09 of penalty-kill time. Only veteran defenseman Nikita Zadorov (3:16) is averaging more PK time than Kuraly.

Finally, forward Alex Steeves – a fringe NHLer with the Toronto Maple Leafs for the past four years – was signed to a one-year contract at $850,000 this past summer. While Steeves came into the season with only 14 career NHL games to his credit, he has eight points in 15 games since being called up in early November, including three multi-point games. The 26-year-old is making the most of the opportunity and carving out a role for himself at the NHL level.

Now, not every addition Sweeney made has exactly thrived.

Left wing Tanner Jeannot was signed to a five-year contract at a salary-cap hit of $3.4 million, but he’s generated only three goals and 12 points in 31 games this season. But given that Sweeney has more hits than misses when it comes to offseason changes, Bruins fans have to be happy with where this Boston team is right now. 

The newcomers to the Bruins have taken some pressure off the other veterans, such as Pastrnak and Elias Lindholm, and it shows. Boston is a better-balanced group than the underperforming team we saw last season.

If they can continue getting contributions from up and down the lineup, earning a playoff berth won’t be too tall a task.   

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Indiana football coach Curt Cignetti told reporters Wednesday leading pass-rusher Stephen Daley suffered a ‘serious’ leg injury following the Hoosiers’ Big Ten Championship game win and will likely miss the rest of the season.

Video shared on social media showed Daley apparently injuring his leg while jumping up to high-five Indiana fans after Saturday’s Big Ten win. The Kent State transfer was seen exiting the field at Lucas Oil Stadium on a cart with his right leg immobilized. Per Pro Football Focus, Daley played a team-high 57 snaps for the No. 1 Hoosiers (13-0) in a 13-10 win over Ohio State and had six quarterback pressures with a sack.

Daley, an injury replacement himself filling in after starter Kellan Wyatt suffered a season-ending injury Oct. 18, has been one of the most impactful defenders in the country. He has 5.5 sacks and 19.0 tackles for loss — second most in the FBS — with six or more quarterback pressures in four of the team’s past seven games.

‘I can confirm he did sustain an injury, a serious injury that will probably make him not available for the remainder of the season,’ Cignetti said.

Cignetti briefly addressed IU’s injury situation Sunday and was careful with the wording of his update while the team awaited for more information on Daley’s injury.

‘There was a little more information that had to come in, and I was still processing the whole thing because it was sort of unbelievable when I heard about it,’ Cignetti said. ‘That was why I said we had nobody hurt in the game, during the game.’

It’s a huge blow for an Indiana team that’s prepping for a matchup against the No. 8 Oklahoma-No. 9 Alabama game winner in the Rose Bowl.

With Wyatt and Daley out, Indiana doesn’t have much experience left on the bench and will likely turn to sophomore Daniel Ndukwe to get the bulk of the reps alongside Mikail Kamara. Mario Landino can also slide over to edge rusher, with Hosea Wheeler, Tyrique Tucker and Dominique Ratcliff sharing the load along the D-line.

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After 2024’s rapid rise, the U3O8 spot price remained more constrained through 2025, fluctuating between a relatively short range of US$63.17 (March 13) and US$83.33 (September 25) per pound.

Entering the year, the price was sitting at US$74.56 before economic and geopolitical uncertainty pushed values to a year-to-date low of US$63.71 in mid-March. Long-term positivity in the demand forecast began pushing the price upward in April through to the end of June, when spot U3O8 touched US$78.93, an H1 high.

Following a brief dip to an H2 low of US$70.98 in mid-July, investor appetite, supply concerns and government support converged, driving the price to US$83.33 on September 25, a year-to-date high. Starting December at US$76.36, U3O8 appears to have found a floor at the US$75 level, holding above the threshold since the end of August.

U3O8 spot price, December 5, 2024, to December 5, 2025.

Chart via Trading Economics.

Despite a subdued stretch for the price, uranium’s long-term drivers remain firmly intact, and arguably have only improved over the course of the year. Combined with renewed investor appetite, that strength has helped lift uranium equities throughout 2025, reinforcing confidence in the sector’s long-term thesis.

Uranium investment demand surges

For Joe Kelly, CEO of Uranium Markets, one of the most compelling uranium market trends in 2025 was the growth in investor demand, particularly for physical uranium.

SPUT had added 7.8 million pounds, growing its uranium holdings to 74.04 million pounds, as of December 2, a 12 percent increase from 2024’s tally. Its net asset value had increased to US$5.68 billion.

Kelly explained that SPUT’s momentum was the result of broader investor enthusiasm, allowing the trust to purchase millions of pounds from the spot market, which “drove the price considerably higher.”

That dynamic extended beyond institutional vehicles.

“You also had investors buying uranium directly because they thought it was cheap and a good investment,” he said.

The result was a layer of financial demand on top of utility needs. According to Kelly, this speculative interest created demand outside of the nuclear power plants in the world. “That drove the price up a little bit higher than it would have been otherwise, without that enthusiasm from the investing community,” he added.

SPUT’s aggressive accumulation has become a clear market signal.

The trust’s growing holdings highlight how institutional investors increasingly view uranium as scarce, tightening available supply by removing material from the open market. As inventories shrink, upward pressure on prices builds.

At the same time, SPUT’s rising net asset value reflects renewed investor confidence tied to reactor buildouts, energy security priorities and the broader clean energy shift.

If the trust keeps buying while mine output lags and utilities lock in long-term contracts, the market could be moving toward a structural deficit, drawing even more attention to uranium equities and physical vehicles.

Uranium term price underscores market momentum

Often described as a more accurate barometer of market activity and sentiment, the long-term contract price displayed less volatility in 2025, starting the 12 month period at US$80 and reaching US$86 at the end of November.

Tiggre stressed that the uranium sector’s “real market is the long-term contract price,” not the day-to-day noise of the spot price. Long-term contracting, he said, is where “actual buyers, sellers, users and suppliers” negotiate prices that determine what it really takes to bring new pounds to market.

The challenge, however, is opacity. “It’s not transparent … they don’t disclose individual contracts,” he said. That leaves analysts to piece together trends from quarterly averages.

Long-term contract price, January 1 to November 30, 2025.

Chart via Cameco.

That underlying market has continued to strengthen from 2024 to 2025.

As Tiggre noted, the long-term price has been “going up, pausing, consolidating, going up,” reaching levels that “clearly do incent production” — yet even the world’s biggest producers have struggled to deliver.

Global uranium majors Cameco (TSX:CCO,NYSE:CCJ) and Kazatomprom “both failed to hit their targets and have officially moved their goal posts,” a signal he called “significant and … bullish.”

Meanwhile, would-be junior producers have not stepped in to fill the gap.

“None of them have been able to say, ‘Yeah, we’re going to build this or rehabilitate that’ and deliver on time,” he noted. What looked like low-hanging fruit has proven “thorny,” reinforcing that supply remains constrained.

At the same time, demand momentum has only accelerated. Headlines showcasing new reactor builds are now “weekly,” Tiggre said, with BRICS nations expanding aggressively and western governments shifting decisively pro-nuclear. Even in the US, he noted, “Trump has doubled down … he’s strongly pro-nuclear.”

The result: A structurally tight market where volatile spot moves obscure a far more durable trend.

“The fundamentals are just super strong,” Tiggre said. “I’m very bullish.”

Uranium doubles as a tech play

Part of uranium’s demand story is tied to forecast growth in artificial intelligence (AI) data center deployment, a segment where electricity consumption has grown by 12 percent since 2019, as per the International Energy Agency (IEA).

Currently data centers use 415 terawatt hours (TWh), representing 1.5 percent of global electricity demand, and that number is projected to increase rapidly over the next five years.

“Our Base Case finds that global electricity consumption for data centres is projected to double to reach around 945 TWh by 2030 in the Base Case, representing just under 3 percent of total global electricity consumption in 2030,” the IEA’s Energy Demand from AI report reads. “From 2024 to 2030, data centre electricity consumption grows by around 15 percent per year, more than four times faster than the growth of total electricity consumption from all other sectors.”

For Gerardo Del Real, publisher at Digest Publishing, the uranium sector’s momentum has shifted as an unexpected coalition of “tech bros” and “mining bros” reshapes the narrative around nuclear power.

“Who would have thought?” said Del Real, noting that after an 18 month stretch where the uranium trade “seemed stuck in the mud,” sentiment turned sharply once markets began viewing nuclear as a technology story.

“The market is one part fundamentals and the other part psychology,” Del Real explained, adding that the psychological boost from the booming tech sector has been powerful.

While he’s skeptical that every AI-fueled data center proposal will materialize, Del Real argued that even limited progress could supercharge energy demand. If tech companies “fulfill 35 percent to 50 percent of their promises,” he said, the resulting power requirements would be “absolutely spectacular.”

This comes as the uranium market was already heading toward a significant deficit by 2026, a trend Del Real believes has now accelerated. Leaning into his contrarian instincts, he said he has written “more checks than ever” for early stage uranium companies with trusted management teams.

“I am thrilled with the results thus far,” said Del Real.

“I think 2026 is going to be an inflection year where the breakout is really pronounced across the board.”

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

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Investor Insight

Sankamap Metals offers exposure to new copper–gold discovery potential in one of the last underexplored regions of the Ring of Fire, with two fully owned, drill-ready assets positioned along a world-class mineral belt.

Company Highlights

  • Two 100 percent owned copper and gold properties – Kuma and Fauro – within a highly prospective copper-gold trend in the Solomon Islands.
  • Drill-ready targets supported by strong historical sampling, including grab samples up to 11.7 percent copper, 13.5 grams per ton (g/t) gold at Kuma, and 173 g/t gold; plus, drill intercepts of 35 m at 2.08 g/t gold at Fauro.
  • Strategically located along the same mineral belt as major deposits, including Newmont’s 71.9 Moz Lihir gold mine.
  • Underexplored mining-friendly jurisdiction with strong government support and established local workforce.
  • Large-scale system potential, including a km-scale copper-gold anomaly at Kuma and multiple high-grade epithermal and porphyry-style targets at Fauro.
  • Inaugural drilling at Kuma, scheduled to begin in January 2026, marking a major catalyst for the project.
  • Strong technical leadership, with a management team that has collectively raised over $1 billion and delivered significant shareholder returns.

Overview

Sankamap Metals (CSE:SCU) is a Canadian exploration company advancing the Oceania Project, a high-impact copper–gold opportunity in the mineral-rich South Pacific. The project includes two fully permitted properties – Kuma and Fauro – in the Solomon Islands, one of the last untapped frontiers of the Pacific Ring of Fire.

The company’s land package is strategically positioned near world-class deposits, such as Newmont Mining’s 71.9 Moz Lihir gold mine and Bougainville Copper’s historic Panguna deposit with 19.3 Moz gold and 5.3 Mt copper resources.

CEO John Florek investigating mineralized outcrop at Kuma property during the summer site visit

Kuma and Fauro are 100 percent owned and drill-ready. Both assets benefit from compelling historical sampling, large-scale geophysical anomalies, and district-scale geological characteristics that support the potential for major porphyry and epithermal systems.

The company focuses on systematic exploration, delineating high-priority drill targets to unlock discovery opportunities. With strong national support for mining and a leadership team deeply experienced in major global jurisdictions, Sankamap is well positioned to generate early and meaningful shareholder value as exploration advances.

Key Properties

Kuma Property

The Kuma property spans 43 sq km and lies 37 km southeast of Honiara on Guadalcanal Island. The property is considered a highly compelling drill-ready porphyry target. Historical sampling returned values up to 11.7 percent copper and 13.5 g/t gold, accompanied by a kilometre-scale copper-gold geochemical anomaly. Airborne geophysical surveys, including mobile magnetotelluric (MT), reveal resistive and conductive features consistent with porphyry, epithermal and skarn-style mineral systems.

Kuma benefits from year-round access and proximity to the Gold Ridge mine. Lidar, surface geochemistry, and geophysics surveys have advanced target definition toward a 2026 drill program. Alteration mapping defined a 2 km lithocap, indicating a potential significant porphyry below that’s not yet tested by drilling.

Kuma is positioned for discovery potential on a scale comparable to other major systems in the region.

Current work at Kuma is focused on refining priority drill targets through ongoing analysis of newly released geophysical and geological datasets. A field visit in November was aimed at ground-truthing these targets, confirming interpretations, and finalizing on-the-ground logistics. Pad and camp construction began in late November, ahead of the inaugural drilling campaign set for January 2026, an important milestone in advancing the Kuma property toward discovery.

Fauro Property

The 147 sq km Fauro property encompasses a high-grade epithermal gold target with indications of a porphyry system at depth. Formed by the collapse of the Fauro calc-alkaline volcano, the property hosts seven prospects, three of which are drill-ready. Historical results include a grab sample of 173 g/t gold, trench results of 8 m at 27.95 g/t gold, and drilling intercepts such as 35 m at 2.08 g/t gold. Multiple zones, including Meriguna, Ballyorlo and Kiovakase, exhibit robust soil anomalies and magnetic highs, underscoring the property’s potential to host a large-scale deposit comparable in setting to the Lihir gold system.

Since 2024, new sampling has confirmed continued high-grade potential, with assays returning up to 19.25 g/t gold and up to 4 percent copper, expanding evidence for a hybrid epithermal-porphyry system. With year-round drilling access and efficient transport via helicopter and boat, Fauro represents a major exploration opportunity with multiple existing gold intercepts and untested porphyry indicators.

Management Team

John Florek – Chief Executive Officer

John Florek has more than 35 years of experience with major and junior mining companies, including BHP, Placer Dome, Barrick, Teck, and Detour Gold/Kirkland Lake Gold/Agnico Eagle. He has identified and advanced significant mining assets from early exploration through development and currently sits on the board of McEwen Mining. He is also CEO, president and director of Emperor Metals.

John Williamson – Chairman, Co-founder and Director

A professional geologist with more than 35 years in the global mining sector, John Williamson founded more than 20 successful companies and the Metals Group. He has raised more than $1 billion across public and private markets, delivering strong returns to shareholders.

Sean Mager – CFO and Director

With 30+ years in the global mining sector, Sean Mager brings extensive experience in corporate development, stakeholder relations, regulatory affairs, finance and operations. He is a co-founder of the Metals Group.

Krystle Adair – Vice-president, Exploration

A geologist with more than 13 years of exploration experience across the Americas, Krystle Adair has managed projects across multiple deposit types. She has worked extensively with Metals Group companies and is a registered professional geoscientist in British Columbia.

Hannett – Director

A Bougainville Island national and professional engineer with 17+ years of experience, Arthur Hannett has worked with major operators including Placer Dome, Barrick, Glencore and Agnico Eagle.

Donald Marahare – Director

A seasoned legal professional with 20+ years of experience in the Solomon Islands, Donald Marahare is the principal at DNS & Partners Law Firm, admitted to the High Court in 2000. He also serves as president of the Solomon Islands Football Federation.

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