Investing News Network
- Mercado Minerals Provides Exploration Update on Copalito; Reveals New Vein Discoveries (2026-02-19)
Mercado Minerals Ltd. (CSE: MERC) ("Mercado" or the "Company") is pleased to report continued progress from ongoing exploration activities at its flagship Copalito Project ("Copalito" or the "Project"). The Company's technical team in Mexico has been actively mapping, sampling, and advancing preparations for Mercado's inaugural 3,000-metre diamond drill program.
Exploration Highlights
- Newly discovered veins in outcrop have been identified in three previously unexplored areas, with significant ground still to be evaluated.
- Mapping and prospecting are now 40% complete, which is designed to comprehensively cover all areas of the Copalito Project yet to be mapped and explored.
- Drone-based airborne magnetic surveying is now completed. Preliminary data reveals potential vein extensions and will provide valuable structural insights when combined with mapping and geochemical data.
- Drone LiDAR surveying has been completed. Following receipt of the survey data, analysis of the data will commence to investigate for features that may potentially be associated with vein mineralization outside of the known veins on the property.
- Soil sampling on the property is now 25% complete, which is covering the potential northwest extension of the vein system at Copalito.
Discovery of New Veins and Outcrops
Prospecting across underexplored areas of Copalito has led to the discovery of multiple new vein occurrences in outcrop. Three newly identified areas of vein mineralization, which occur as quartz to quartz-carbonate veins, vein breccias and stockworks that range in width from 0.5 metres to 1.5 metres. Individual vein outcrops have been traced over a strike length of 1 metre to 10 metres, with two of the three new areas having veins exposed intermittently over a strike length of approximately 100 metres and 200 metres, respectively (Figure 1).
One of the new vein discoveries, currently interpreted to be the extension of the 5 Señores vein, occurs approximately 1 kilometre to the northwest of the last known location of the vein. This vein segment can be traced intermittently in two large outcrops over approximately 100 metres of strike length.
The second vein discovery, located near a historical surface float sample that returned 460 g/t silver, 0.31 g/t gold, 0.17% lead and 0.16% zinc, appears to be an extension of either the Cobriza or El Pilar veins. This new vein can be traced intermittently in four outcrops over 200 metres of strike length. The reader is cautioned that the above assay result is of a historic nature and that grab and float samples are not reliably indicative of the nature of the vein mineralization.
The third discovery is located approximately 500 m southwest of the 5 Señores vein, in an area with no previously documented mineralization. The discovery outcrop occurs as silicification and quartz stockwork found in andesite, which hosts galena sulphides and potentially silver-bearing sulphosalts. This area is intriguing as it is potentially located outside of the Copalito Graben, within which all previous known mineralization has been discovered.
All newly identified veins and mineralization have been sampled and are ready for shipment and analysis. Results from these samples will be released to the market once received. The full significance of the newly identified veins and mineralization is unknown pending further investigation and assay results.
Figure 1: Plan map of Copalito vein array with 3 areas of new mineralization occurrences outlined.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/12124/284460_fb544d67545cbb8f_001full.jpgDrone Airborne Magnetic Survey
The high-resolution drone based magnetic survey has been completed, with data now being compiled for detailed interpretation. Early integration of magnetic results with existing geological and geochemical datasets is yielding encouraging correlations. Preliminary imagery highlights magnetic lineaments that correlate with known structures that host veins and mineralization, as well as new magnetic signatures away from known veins that have the potential to reveal new structures, potential veins and extensions to known veins. Current mapping and prospecting efforts in the areas of these new magnetic signatures have encountered new structures and vein mineralization discoveries that support this correlation.
Drone LiDAR Survey
Processing of the completed drone LiDAR survey is underway. Initial interpretation is expected to enhance understanding of surface expressions, identify subtle topographic features associated with veining, reveal areas with historic mine workings and highlight new areas of interest for sampling and mapping.
Soil Sampling
A systematic soil grid covering the know vein system and un-explored portions of Copalito is now 25% complete. The program is designed to fingerprint the soil geochemical signature over the known veins and expand the grid towards the northwest to help further define the extension of existing veins, or identify new target areas. This may reveal signatures that can aid in identifying new veins and vein systems in underexplored areas as well as providing insight into where vertically in the mineralizing system the outcropping veins at Copalito are located.
CEO Comments
Daniel Rodriguez, CEO & Director, comments "Our team is firing on all cylinders as we advance Copalito toward our first drill program. Prospecting in underexplored areas is already proving highly rewarding, and I'm eager to see the assay results from the newly discovered veins. Our technical team in Mexico continues to demonstrate exceptional expertise in the Sierra Madre, and with drilling on the horizon, I look forward to being on the ground with them as we take this next major step."
Qualified Person
The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 (Standards of Disclosure for Mineral Projects) and was reviewed and approved by Kelson Willms, P.Geo., of Archer, Cathro & Associates (1981) Limited. Mr. Willms is a Qualified Person for the purposes of National Instrument 43-101
About Mercado Minerals Ltd.
Mercado Minerals Ltd. (CSE: MERC) is a silver-focused exploration company targeting the next world-class discovery in Mexico's emerging Western Silver Belt, part of the prolific Sierra Madre Occidental mining district. With a proven team boasting extensive experience in Mexican exploration, Mercado is actively advancing multiple projects across more than 3,000 hectares. The Company is committed to creating shareholder value through disciplined exploration, strategic growth, and discovery-driven results.
For further information, contact:
Daniel Rodriguez
CEO & Director
Phone: (604) 353-4080
Email: drodriguez@mercadominerals.comJohn Fraser
VP Business Development & Director
Phone: (604) 838-7677
Email: jfraser@mercadominerals.comForward-Looking Statement (Safe Harbor Statement):
This press release contains forward-looking statements within the meaning of applicable securities laws. The use of any of the words "anticipate," "plan," "continue," "expect," "estimate," "objective," "may," "will," "project," "should," "predict," "potential" and similar expressions are intended to identify forward-looking statements. In particular, this press release contains forward-looking statements concerning the Company's exploration plans and the intended use of proceeds from the Offering. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on these statements because the Company cannot provide assurance that they will prove correct. Forward-looking statements involve inherent risks and uncertainties, and actual results may differ materially from those anticipated. These forward-looking statements are made as of the date of this press release, and, except as required by law, the Company disclaims any intent or obligation to update publicly any forward-looking statements.
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
- Winston Tailings: Traxys Letter of Interest Signed (2026-02-19)
Panther Metals PLC (LSE: PALM), an exploration company focused on mineral projects in Canada, is pleased to announce that it has signed a letter of interest ("LOI") with Traxys Europe SA, a division of Traxys Group ("Traxys"), a global commodity trading and marketing market leader.
The non-binding LOI concerns Panther's Winston Tailings Project and is a formal recognition of an ongoing engagement between both parties as Panther progresses work to declare a Mineral Resource estimate, as part of series of ongoing workstreams to quantify, evaluate and permit the contained high-grade gold (Au), gallium (Ga), silver (Ag), zinc (Zn), copper (Cu), indium (In) and cobalt (Co) and other recoverable minerals located within the historic Winston Lake Mine tailings storage facility near Schrieber, Ontario, Canada.
About Traxys
Traxys is a physical commodity trader and merchant in the metals and natural resources sectors. Its sourcing, logistics, financing and marketing services are conducted by over 550 employees in over 20 offices worldwide, and its annual turnover is in excess of US$8 billion. Traxys designs for its supplier and customer base custom-made supply chain solutions. The group is active in the non-ferrous metals, ferro-alloys, minerals, industrial raw minerals, and energy industries, as well as green transition metals.
Traxys is committed to the highest internationally recognised principles for responsible business conduct, and to ensuring that its operations are equitable, sustainable, and transparent.
Traxys premises its practices on environmental, social, and governance (ESG) standards that enable Traxys to set a leading example for the responsible sourcing and trading of metals and minerals. To learn more about Traxys, go to: www.traxys.com.
Darren Hazelwood, Chief Executive Officer commented:
"We are extremely pleased to be in discussions with Traxys at this important stage in the development of the Winston Lake Tailings Project.
As a globally recognised leader in the financing and marketing of metal concentrates, Traxys brings an opportunity for a powerful combination of commercial expertise and the potential to deliver structured financial support aligned with future offtake.
We believe the LOI with Traxys represents a strong third-party endorsement of the Project's technical and economic potential.
The involvement of Traxys with their global scale and capability, potentially offers the capacity to significantly strengthen Panther's pathway, while providing a clear signal of confidence to our shareholders and the wider market as we advance the Winston Tailings Project towards production."
For further information, please contact:
Panther Metals PLC:
Darren Hazelwood, Chief Executive Officer:
+44 (0)1462 429 743
+44 (0)7971 957 685
Brokers:
Optiva Securities Limited
Christian Dennis
Mick McNamara
+44 (0)20 3137 1902
Hybridan LLP
Claire Louise Noyce
+44 (0)20 3764 2341
SI Capital Limited
Nick Emerson
+44 (0)1438 416 500
Obonga Project - Advancing a High-Impact VMS and Critical Minerals District
Panther Metals' Obonga Project in Ontario continues to demonstrate strong potential as a district-scale exploration opportunity targeting base and critical minerals. Since acquiring the Obonga Greenstone Belt in July 2021, the Company has advanced multiple high-priority targets including Wishbone, Awkward, Survey, Ottertooth, and Silver Rim.
On 9 February 2026 Panther announced plans for an approximately 2,000-metre diamond drilling program at the Wishbone Prospect, following the grant of an Exploration Permit in June 2024 valid through 2027. Previous work confirmed compelling VMS-style mineralisation, including 27.3m of massive sulphide and 51m of sulphide-dominated mineralisation across multiple lenses, supported by high-grade copper anomalies in lake sediments.
In July 2024, Panther secured an Exploration Permit for Awkward West, enabling up to 31 drill holes. Historic drilling returned 27.2m at 2.25% TGC, with zones exceeding 5% TGC, alongside indications of nickel, copper, and platinum group elements, aligning with the Company's critical minerals strategy.
High-resolution magnetic and electromagnetic surveys continue to refine drill targeting across Obonga. Survey and Ottertooth remain highly prospective, hosting multiple untested geophysical anomalies and historic massive sulphide intercepts.
Winston Project - Tailings Evaluation and MRE Pathway
Panther Metals' Winston Project represents a near-term, development-focused opportunity centred on the evaluation of historic mine tailings and has been the subject of prior technical and commercial assessment involving Extrakt.
Current work is focused on tailings sampling, metallurgical testing, and data validation to define metal content, recoverability, and support the preparation of a Mineral Resource Estimate (MRE). This approach provides a clear value-creation pathway with lower geological risk than greenfield exploration and aligns with modern reprocessing and critical mineral's themes.
Dotted Lake Project - Hemlo-Adjacent Polymetallic Opportunity
Panther Metals' Dotted Lake Project, acquired in July 2020, is located approximately 16km from Barrick Gold's Hemlo Mine, within a well-established mining region.
Early exploration identified multiple gold and base metal anomalies, with initial drilling confirming gold mineralisation. In early 2025, follow-up drilling materially advanced the project, confirming nickel and magnesium mineralisation within an ultramafic intrusion and identifying a VMS-style system, significantly expanding the project's polymetallic potential.
The program refined structural controls, extended mineralisation, and identified multiple new drill targets, positioning Dotted Lake as a high-upside, multi-commodity exploration asset.
Commercial Strategy - Focused Value Creation
Panther Metals is focused on disciplined, discovery-driven value creation through efficient capital deployment and technical execution. With Obonga delivering high-impact exploration, Winston providing a resource-focused development pathway, and Dotted Lake offering polymetallic upside, the Company maintains a balanced portfolio aligned with favourable commodity market conditions.
The Company's strategy is to advance high-quality assets along the most efficient technical pathway, delivering tangible milestones that underpin long-term shareholder value.
- Drilling preparation commenced at Roy on the Sunbeam Property (2026-02-19)
First Class Metals PLC ("First Class Metals" "FCM" or the "Company") the UK listed company focused on the discovery of economic metal deposits across its exploration properties in Ontario, Canada, is pleased to provide an update on preparations for the forthcoming drill programme at the Roy structure on the Sunbeam Property. Drill mobilisation has now been completed.
Highlights
- 1,000m drill contract with provision for additional 500m signed with Forage PL ("Forage") drilling
- Drill preparation commenced on the Roy structure at the Sunbeam property
- First four drill collars have been marked.
- Drill rig and supporting equipment on site
- Drilling will focus on the Roy area of the Sunbeam property
- Drilling will seek to prove depth continuity in the area of and along strike of the 18.8g/t gold (Au) channel sample from the stripping
- Emerald Geological Services ("EGS") will supervise drill preparation, the day-to-day drilling as well as core logging and sampling
Marc J. Sale CEO First Class Metals Commented:
"The mobilisation of the drill rig to Roy and the anticipation of drilling starting this weekend marks an important step forward in advancing the Sunbeam Property. Forage has recently completed a programme in the district and brings both local experience and a strong operational reputation.
The rapid progression from planning to mobilisation at Sunbeam demonstrates that FCM is a company focused on delivery. Having recently completed drilling at North Hemlo and now positioning to commence at Sunbeam, we are advancing our exploration strategy in a disciplined and systematic manner.
The Roy trend represents a robust mineralised structure of district scale in a geological environment know to host significant resources."
Figure 1 showing the stripped area at Roy which returned 18.8g/t Au and will be the focus of the drilling.
Qualified Person
The technical disclosures contained in this announcement have been drafted in line with the Canadian Institute of Mining, Metallurgy and Petroleum standards and guidelines and approved by Marc J. Sale, who has more than 30 years in the gold exploration industry and is considered a Qualified Person owing to his status as a Fellow of the Australian Institute of Mining and Metallurgy.
For Further Information:
Engage with us by asking questions, watching video summaries, and seeing what other shareholders have to say. Navigate to our Interactive Investor hub here:
For further information, please contact:
James Knowles, Executive Chair
Email: JamesK@Firstclassmetalsplc.com
Tel: 07488 362641Marc J Sale, CEO
Email: MarcS@Firstclassmetalsplc.com
Tel: 07711 093532Novum Securities Limited (Financial Adviser)
David Coffman
Website: www.novumsecurities.com
Tel: (0)20 7399 9400Axis Capital Markets (Broker)
Lewis Jones
Website: Axcap247.com
Tel: (0)203 026 0449First Class Metals PLC - Background
First Class Metals listed on the LSE in July 2022 and is focused on metals exploration in Ontario, Canada which has a robust and thriving junior mineral exploration sector. In particular, the Hemlo 'camp' near Marathon, Ontario is a proven world class address for gold exploration, featuring the Hemlo gold deposit operated by Barrick Mining (>23M oz gold produced), with the past producing Geco and Winston Lake base metal deposits also situated in the region.
FCM currently holds 100% ownership of seven claim blocks covering over 250km² in northwest Ontario. A further three blocks are under option and cover an additional 30km2.FCM is focussed on exploring for gold but has base metals and critical metals mineralisation. FCM is maintaining a joint venture with GT Resources on the West Pickle Lake Property a drill-proven ultra-high-grade Ni-Cu project.
The flagship properties, North Hemlo and Sunbeam, are gold focussed. North Hemlo has a significant discovery in the Dead Otter trend which is a discontinuous 3.5km gold anomalous trend with a 19.6g/t Au peak grab sample. This sampling being the highest known assay from a grab sample ever recorded on the North Limb of Hemlo.
In October 2022 FCM completed the option to purchase the historical high-grade past-producing Sunbeam gold mine near Atikokan, Ontario, ~15 km southeast of Agnico Eagle's Hammond Reef gold deposit (3.3 Moz of open pit probable gold reserves).
FCM acquired the Zigzag Project near Armstrong, Ontario in March 2023. The property features Li-Ta-bearing pegmatites in the same belt as Green Technology Metals' Seymour Lake Project, which contains a Mineral Resource estimate of 9.9 Mt @ 1.04% Li2O. Zigzag was successfully drilled prior to Christmas 2023 and results have now been released.
The Kerrs Gold property, acquired under option by First Class Metals in April 2024, is located in northeastern Ontario within the Abitibi Greenstone Belt, one of the world's most prolific gold-producing regions. The project holds a historical inferred resource of approximately 386,000 ounces of gold, underscoring its potential as a meaningful addition to FCM's expanding gold portfolio. Kerrs Gold complements the Company's exploration strategy and provides exposure to a well-established mining district. FCM is currently reviewing plans to advance the project and further unlock its value.
The significant potential of the properties for precious, base and battery metals relates to 'nearology', since all properties lie in the same districts as known deposits (Hemlo, Hammond Reef, Seymour Lake), and either contain known showings, geochemical or geophysical anomalies, or favourable structures along strike from known showings (e.g. the Esa project, with an inferred Hemlo-style shear along strike from known gold occurrences).
For further information see the Company's presentation on the web site:
Forward Looking Statements
Certain statements in this announcement may contain forward-looking statements which are based on the Company's expectations, intentions and projections regarding its future performance, anticipated events or trends and other matters that are not historical facts. Such forward-looking statements can be identified by the fact that they do not relate only to historical or current facts. Forward-looking statements sometimes use words such as 'aim', 'anticipate', 'target', 'expect', 'estimate', 'intend', 'plan', 'goal', 'believe', or other words of similar meaning. These statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Given these risks and uncertainties, prospective investors are cautioned not to place undue reliance on forward-looking statements. Forward-looking statements speak only as of the date of such statements and, except as required by applicable law, the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
- Christopher Aaron: Gold, Silver Going Higher — This Cycle Ends in Mania (2026-02-18)
Christopher Aaron, founder of iGoldAdvisor and Elite Private Placements, explains where gold and silver are in the current cycle and what his strategy looks like now.
"This cycle is going to end in a mania," he said. "You want to position not when the mania is unfolding, but when it gets quiet, and I think we're in one of those windows now to be positioning."
Don’t forget to follow us @INN_Resource for real-time updates!
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
- Precious Metals Price Update: Gold, Silver, PGMs Face Another Bumpy Week (2026-02-18)
Precious metals prices continued to face downward pressure this week as investors took strong US economic data and a changing geopolitical landscape into consideration.
After climbing to fresh all-time highs at the start of 2026, a myriad of factors in February have seemingly taken the sails out gold, silver and platinum prices. However, the underlying fundamentals for the precious metals remain strong, resulting in a resiliency that lends optimism to higher price points to come in 2026.
Let’s take a look at what got spot prices moving over the past week.
Gold price
Gold hit a record high of close to US$5,600 per ounce at the end of January before sliding into one of the largest price drops in decades, dipping as low as US$4,400 as February kicked off.
Over the past week, the metal has oscillated between slumps and cautious recovery. The spot price lost the battle to remain above the key US$5,000 mark in morning trading on February 12, falling to an intraday low of US$4,907.41. February 13 saw gold rebound slightly and trade in a tight range between US$5,000 and US$5,040.
Gold couldn't hold that level on Monday (February 16), and the next day it began sliding below the US$4,900 support level. Wednesday (February 18) brought some relief, with gold once again fighting to stay above US$5,000.
The primary drivers for gold this past week are:
- The US labor market continues to display resilience, with February 12 nonfarm payroll data beating expectations. A stronger economy puts a damper on immediate Federal Reserve interest rate cuts.
- However, US consumer price index data released on February 13 shows inflation at softer-than-expected levels, lifting the scales for a rate cut back up — hence the seesaw in gold this week.
- On the geopolitical front, leaders involved in the US-Iran conflict have seemingly pumped the brakes this week. Nuclear negotiations between the US and Iran are reportedly making progress. An easing of global tensions reduces safe-haven demand for gold.
- Seasonal liquidity is also at play this week as the Lunar New Year holiday, which runs from February 16 to 23, typically results in lower trading volumes.
In other gold news, the 2026 TSX Venture 50 list was released on Wednesday, with several gold companies named as top performers. The top five gold stocks on the list are: 1911 Gold (TSXV:AUMB,OTCQB:AUMBF), TDG Gold (TSXV:TDG,OTCQX:TDGGF), Omai Gold Mines (TSXV:OMG,OTCQB:OMGGF), Prospector Metals (TSXV:PPP,OTCQB:PMCOF) and Goldgroup Mining (TSXV:GGA,OTCQX:GGAZF).
Silver price
Silver has broadly tracked gold's price movements over the past week.
However, the white metal has exhibited significantly higher volatility, and the silver spot price is far outside of striking range of its all-time high of more than US$121 per ounce, which it reached on January 29.
Silver fell by more than 9 percent on February 12 as it followed gold on the downtrend, falling from around US$83 to US$75. On Friday the 13th, silver managed not to scare investors as it traded mostly sideways at the US$77 level.
For most of Monday and Tuesday (February 17), silver continued to limp along this trend line, but has managed to gain ground, rising from the US$75 level to an intraday high of US$78.24 as of 11:00 a.m. PST on Wednesday.
In addition to the macro factors influencing gold, volatility in the silver market has also come from the ups and downs in the artificial intelligence (AI) sector. 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.
Over the past week, the Global X Artificial Intelligence & Technology ETF (NASDAQ:AIQ) has slid from approximately US$50.55 to US$49.94 as of midday on Wednesday, reflecting broader weakness in the sector.
In other silver news, in its latest annual outlook, published on February 10, the Silver Institute reported that it expects macroeconomic and geopolitical conditions to remain broadly supportive for silver in 2026.
Is the silver bull market doomed? Not quite. Check out the Investing News Network's February 11 interview with Keith Weiner of Monetary Metals, who discusses silver's remonetization.
Platinum price
On February 12, platinum was trading as high as US$2,136 per ounce in early morning trading, but soon followed its precious metals sisters on a downward slide to an intraday low of US$1,982.50. The metal was back above US$2,070 the next day, and for the first part of this week it's managed to trade above the US$2,000 level.
Wednesday was a recovery day for platinum as it reached an intraday high of US$2,122.90 as of 11:00 a.m. PST.
Platinum is one of the top-performing metals over the past year, reaching 12 year highs in recent weeks. Demand is being driven by the metal’s essential role in the emerging hydrogen economy. It's also still seeing robust demand from the auto sector despite the emergence of electric vehicles and uneasy consumer confidence in the economy.
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.
This week, Johnson Matthey (LSE:JMAT,OTCPL:JMPLF), Sibanye-Stillwater (NYSE:SBSW) and Valterra Platinum (LSE:VALT,JSE:VAL,OTCPL:AGPPF) launched a multimillion-dollar partnership to develop new platinum-group metals clean energy and industrial technologies outside of the auto sector.
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 February 12 it followed the precious metals pack down from US$1,741 to as low as US$1,664.
After a rebounding above to US$1,783 level on Monday, the following trading today brought much volatility to the metal, which traded in the US$1,670 to US$1,720 range. Platinum managed to to make gains to the upside on Wednesday with an intraday high of US$1,774 as of 11:00 a.m. PST.
The palladium price is being held down by a slump in demand for electric vehicles and a looming oversupply situation. Analysts at Heraeus Precious Metals predict that the palladium market may move into a surplus in 2026 as secondary supply from recycling increases by 10 percent.
On that note, an announcement shaping the outlook for palladium on the supply side this past week came from the US Department of Commerce, which issued a preliminary statement of support for anti-dumping duties of approximately 133 percent on unwrought Russian palladium imports.
This follows a petition from Sibanye-Stillwater 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.
Don't forget to follow us @INN_Resource for real-time updates!
Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.
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