South Harz Potash Limited (SHP:AU) has announced Licence Applications Submitted for Glava Cu-Au Project Area
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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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Brightstar Resources (BTR:AU) has announced Menzies Mineral Resource increases 22% to 0.7Moz @ 1.5g/t
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Liz Truss, the former British prime minister who staked her brief tenure on tax cuts and deregulation, is warning Americans about New York City Mayor-elect Zohran Mamdani’s socialist agenda will mirror the high-tax, high-regulation model she fought in the U.K.
‘I’ve seen what’s happened with Mamdani being elected,’ former U.K. Prime Minister Liz Truss told Fox News Digital in an exclusive interview. ‘We have characters like that in Britain. They are never satisfied. They keep putting up taxes. They keep putting up more regulations. We have seen in Britain appalling development of antisemitism. That’s what I fear for New York.’
Mamdani plans to pay for his ambitious campaign promises, including fast and free buses, universal childcare and city-run grocery stores, by raising taxes on corporations and the top 1% of New Yorkers. As the 34-year-old mayor-elect prepares to move into Gracie Mansion, critics have compared his agenda to European-style social welfare programs.
The British conservative served just 49 days as prime minister of the U.K. in 2022 before resigning amid market turmoil over her administration’s dramatic attempt to implement a pro-growth economic agenda. Now that the dust has settled, Truss has launched a private club for ‘pro-growth leaders,’ the Leconfield, and a YouTube show, ‘The Liz Truss Show.’
‘The Leconfield is about economic growth,’ Truss said. ‘It’s about prosperity. It’s about building that network of senior business executives, entrepreneurs, political leaders to create new opportunities in Britain and around the world. We need to see economic growth. That is the most important thing.’
Truss said her new members-only club will unite business leaders in Mayfair in co-working spaces and executive suites. The Times reported that Truss has requested £500,000 from each of the 700 Leconfield founding members for the lifetime membership.
‘This will bring together people in real-life to exchange those ideas, but it will also provide a space in London where people can do business. Currently, people end up in hotel lobbies. They are trying to work in clubs that maybe ban laptops or mobile phones. This will have boardrooms, executive space where people can get business done,’ Truss said.
According to a 2025 analysis by Henley & Partners, a global investment-migration consultancy, the United Kingdom is losing millionaires and billionaires faster than any country in the world.
‘Our taxes are too high,’ Truss explained. ‘Our regulation is too high, and our energy prices are also sky-high. This has meant people leaving, businesses leaving. It’s difficult to build new buildings because of all the regulations, and even though we’re sitting on masses of oil and gas, fracking is banned, so our energy prices are high, and it’s not surprising that that makes us uncompetitive.’
While Truss briefly lifted a ban on fracking in the U.K. in 2022 in an attempt to unleash energy production, her successor, Rishi Sunak, reinstated the moratorium that ended support for new fracking projects.
Like Truss, President Donald Trump has moved to reverse key Biden-era climate regulations as part of his key campaign promise to ‘unleash American energy,’ signing the One Big Beautiful Bill Act in July, which includes rollbacks on clean-energy incentives and repeals green energy mandates.
As Trump’s sweeping second-term agenda reshapes U.S. and global markets, his reciprocal and retaliatory tariffs have pushed some countries to reopen trade talks amid heightened market tensions.
Asked about Trump using tariffs to pressure the U.K. and the rest of Europe to pay more for certain goods, including U.S. medicine, Truss offered a surprisingly complimentary view of his strategy.
‘I was trade secretary in Britain, and I signed 60 trade deals as trade secretary, and I know that in order to get deals done you have to negotiate and you have to use leverage, and it’s exactly what I did as trade secretary, so I know that is how you get the deals done,’ Truss told Fox News Digital.
Her stance is a sharp departure from Prime Minister Keir Starmer, who has urged Trump to scale back tariff measures that could hurt the British economy.
Truss told Fox News Digital that her new YouTube channel, ‘The Liz Truss Show,’ will be a ‘free speech’ platform for exploring British and Western politics outside the mainstream media bubble.
Mamdani’s transition team did not immediately respond to Fox News Digital’s request for comment.
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Beijing escalated its war of words with Tokyo after Japan said Chinese fighter jets aimed a fire-control radar at Japanese F-15s flying near Okinawa, an action Tokyo called ‘dangerous’ and ‘extremely regrettable.’
Chinese Foreign Minister Wang Yi told his German counterpart Johann Wadephul in Beijing that ‘Japan is threatening China militarily,’ a stance he called ‘completely unacceptable,’ after the radar incident, Reuters reported.
Wang accused Japanese Prime Minister Sanae Takaichi of ‘trying to exploit the Taiwan question — the very territory Japan colonized for half a century, committing countless crimes against the Chinese people — to provoke trouble and threaten China militarily. This is completely unacceptable,’ Wang said, according to China’s official Xinhua News Agency. He added that Japan, as a World War II ‘defeated nation,’ should act with greater caution.
China expert Gordon Chang told Fox News Digital, ‘China, with Saturday’s radar-lock incidents against Japan and other belligerent acts recently, looks like it wants to start a war. In any event, these incidents could easily spiral into war, especially because China cannot act constructively or deescalate.’
Japanese officials say the confrontation unfolded Dec. 6, when Chinese J-15 fighter jets operating from the aircraft carrier Liaoning twice aimed radar at Japanese F-15s over international waters near Japan’s Okinawa islands.
‘These radar illuminations are a dangerous act that goes beyond what is necessary for the safe flight of aircraft,’ Takaichi told reporters, adding that Japan had lodged a protest with China and calling the incident ‘extremely regrettable,’ Reuters reported.
Japan’s government later said the Self-Defense Force fighters ‘were maintaining a safe distance during their mission’ and denied China’s accusation that its jets obstructed Chinese operations, according to comments by Chief Cabinet Secretary Minoru Kihara, according to The Associated Press.
The radar clash came on the heels of remarks by Takaichi that have already put relations on edge. In early November, she told parliament that a Chinese attack on Taiwan could amount to a ‘survival-threatening situation’ for Japan and potentially trigger a military response under Japan’s 2015 security laws, Reuters reported. Beijing condemned those comments as ‘egregious,’ accused Tokyo of severe interference in its internal affairs and warned of ‘serious consequences’ if they were not retracted.
Chinese officials and state media have since portrayed Takaichi as hyping up an external threat to justify Japan’s military buildup and closer alignment with Taiwan. In parallel, Chinese spokespeople have accused Japan of ‘hyping up’ the radar incident itself and ‘deliberately making a false accusation’ to build tension, according to official statements carried by People’s Daily and other Chinese outlets.
Chang said, ‘China has not been able to get Prime Minister Takaichi to back down, so its choices are to accept its humiliation or ramp up the crisis. It will ramp up. China is now proving Takaichi right: Beijing is creating a ‘survival-threatening situation’ for Japan.’
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Senate Republicans have finally landed on a plan to tackle expiring Obamacare subsidies to counter Senate Democrats, but both are likely to fail in a vote set for later this week.
Senate Majority Leader John Thune, R-S.D., announced Tuesday that Republicans had coalesced around a proposal from Sens. Bill Cassidy, R-La., who chairs the Senate health panel, and Mike Crapo, R-Idaho, who chairs the Senate Finance Committee, to counter Democrats’ legislation.
The Senate is set to vote on the dueling proposals on Thursday.
Cassidy and Crapo’s plan was given the thumbs up by the majority of Republicans during the conference’s closed-door meeting Tuesday afternoon, Thune said.
Their proposal, which was unveiled Monday night but has been in the works for weeks, would abandon the enhanced premium subsidies in favor of health savings accounts (HSAs), funneling the money that has gone directly to insurers through the program to consumers instead.
Thune argued that Senate Democrats’ plan, which was unveiled by Senate Minority Leader Chuck Schumer, D-N.Y., last week and would extend the subsidies for three years, would do little to curb the cost of healthcare in the country, and instead benefit affluent Americans and insurance companies.
‘This program desperately needs to be reformed,’ Thune said. ‘The Democrats have decided we’re not going to do anything to reform it. And so we’ll see where the votes are on Thursday. But we will have an alternative that we will put up that reflects the views of the Republicans here in the United States Senate about how to make health insurance more affordable in this country, how to ensure that it’s not the insurance companies that are getting enriched, that it’s actually benefiting the patient.’
Republicans’ decision comes as more and more proposals were pitched among their ranks, reaching nearly half a dozen plans on the table for lawmakers to choose from.
Cassidy and Crapo’s plan would seed HSAs with $1,000 for people ages 18 to 49 and $1,500 for those 50 to 65 for people earning up to 700% of the poverty level. In order to get the pre-funded HSA, people would have to buy a bronze or catastrophic plan on an Obamacare exchange.
The bill also includes provisions reducing federal Medicaid funding to states that cover illegal immigrants, requirements that states verify citizenship or eligible immigration status before someone can get Medicaid, a ban on federal Medicaid funding for gender transition services and nixing those services from ‘essential health benefits’ for ACA exchange plans, and inclusion of Hyde Amendment provisions to prevent taxpayer dollars from funding abortions through the new HSAs.
Both plans are likely to fail, however, given that Senate Democrats have rejected doing away with the subsidies in favor of HSAs, and Republicans contend that reforms to the credits — like income caps and more stringent enforcement on taxpayer dollars funding abortions — are must-haves for their support.
Schumer argued that the ‘only realist path’ to preventing premiums from hiking ahead of the end of the year deadline to extend the subsidies would be for Republicans to cross the aisle and vote for their plan. He charged that the GOP’s plan was a ‘phony proposal’ that did nothing to extend the sunsetting subsidies.
‘That’s what’s driving the price up, and they’re doing nothing about it,’ Schumer said. ‘The bill not only fails to extend the tax credits, it increases costs, adds tons of new abortion restrictions for women, expands junk fees, and permanently funds the cost-sharing reductions. Their bill is junk insurance. It’s been repudiated in the past.’
Both sides face a math problem in mustering bipartisan support for their respective proposals. And it’s unlikely that lawmakers break ranks from their party’s position, meaning both bills are doomed to fail. For some, the debate has devolved into a finger-pointing contest on which side was actually serious about addressing the growing healthcare affordability issue.
‘It’s not a realistic plan that the Democrats have,’ Sen. Markwayne Mullin, R-Okla., said. ‘If the Democrats were actually coming to the table, I’d say, yes, we need to, but what they’re doing isn’t realistic.’
Before Thune’s announcement, Sen. Chris Murphy, D-Conn., said that Republicans were in charge, not Democrats.
‘They’re in charge of putting together the votes to pass something,’ Murphy said. ‘And so far, they have done zero outreach on this issue of any significance to Democrats, as far as I can tell.’
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Ukrainian President Volodymyr Zelenskyy said Monday that Kyiv is nearly ready to present a refined peace plan to the United States after days of talks with European partners, even as he maintains that Ukraine cannot give up any territory to Russia.
Zelenskyy said he reviewed the results of negotiations held in London with European national security advisors and that Ukraine and its European partners had further developed their components of potential steps toward ending the war. He said Kyiv is prepared to share the updated documents with Washington and is in ‘constant contact’ with the United States as the process moves forward.
‘We are working very actively on all components of potential steps toward ending the war,’ Zelenskyy posted on X. ‘The Ukrainian and European components are now more developed, and we are ready to present them to our partners in the U.S. Together with the American side, we expect to swiftly make the potential steps as doable as possible.’
‘We are committed to a real peace and remain in constant contact with the United States,’ he wrote. ‘And, as our partners in the negotiating teams rightly note, everything depends on whether Russia is ready to take effective steps to stop the bloodshed and prevent the war from reigniting. In the near future, we will be ready to send the refined documents to the United States.’
The update came one day after Zelenskyy insisted his country cannot cede territory to Russia, complicating earlier peace proposals.
‘Under our laws, under international law — and under moral law — we have no right to give anything away,’ Zelenskyy told reporters Monday, per The Washington Post. ‘That is what we are fighting for.’
Zelenskyy on Tuesday is in Brussels to meet with NATO Secretary-General Mark Rutte and European Commission President Ursula von der Leyen, after meeting in London with British, French and German leaders.
The Ukrainian leader is under growing pressure from the U.S. to accept a framework to end the war after close to four years of fighting with Russia.
An initial draft of the 28-point plan, brokered by White House envoy Steve Witkoff and President Donald Trump’s son-in-law Jared Kushner, spooked Ukrainian and European leaders who said it was too deferential to Russia’s demands. Ukrainian officials met with Witkoff and whittled the plan down.
Zelenskyy told reporters that in European talks the ‘obvious anti-Ukrainian points were removed.’
Trump on Sunday accused Zelenskyy of not keeping up with the latest on peace talks.
‘I’m a little bit disappointed that President Zelenskyy hasn’t yet read the proposal, that was as of a few hours ago,’ Trump told reporters at the Kennedy Center in D.C. Sunday. ‘His people love it, but he hasn’t.’
‘Russia, I guess, would rather have the whole country when you think of it, but Russia is, I believe, fine with it, but I’m not sure that Zelenskyy is fine with it,’ Trump added.
Leaked versions of the initial deal had offered Russia swaths of Ukrainian territory, both lands it has occupied throughout the war and the Donbas region, which it has yet to seize in full.
It offered Ukraine no path to NATO but Europe and U.S.-backed security guarantees that were not definitive.
Ukraine views NATO membership as essential to preventing a Russian attack — seeking a path to NATO is enshrined in its constitution.
Ukraine is entering one of the hardest stretches of the nearly four-year war, giving new urgency to the negotiations. Russian troops are pushing forward in the east as Kyiv struggles with shortages of ammunition and manpower. Meanwhile, Moscow’s continued strikes on Ukraine’s power grid have left the country facing rolling blackouts and widespread outages at the start of the winter months.
Zelenskyy said in the past week alone, Russia launched more than 1,600 drones, roughly 1,200 guided aerial bombs, and nearly 70 missiles of various types against Ukraine.
And talks are heating up in tandem with a brewing scandal in Ukraine that has already pushed out Andrii Yermak, Zelenskyy’s former chief of staff and powerful gatekeeper who was leading negotiations, along with his justice and energy ministers.
Rustem Umerov, the secretary of Ukraine’s National Security and Defense Council, has taken over negotiations, but is rumored to be caught up in the corruption investigation.
Fox News’ Ashley Carnahan contributed to this report.
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A biopic about Brazil’s jailed former president Jair Bolsonaro is in production, his son Carlos has confirmed.
In a post shared on X after his brother, Flavio, entered the country’s 2026 presidential race, Carlos lavished praise on American actor Jim Caviezel, who stars as the ex-president in the film.
‘Jim Caviezel, thank you for everything,’ Carlos wrote, describing the ‘Passion of the Christ’ actor as a figure whose legacy would be ‘admired by good people and envied by those who seek destruction.’
Carlos added that working with Caviezel had given him ‘one of the greatest gifts’ of his life, before closing with, ‘God, Jesus and Freedom.’
Caviezel has been linked to far-right conspiracy circles in the U.S. and has drawn scrutiny over the political messaging in some of his roles.
He also famously starred as Jesus in Mel Gibson’s ‘The Passion of the Christ’ and ‘The Sound of Freedom.’
According to The Guardian, the biopic, ‘Dark Horse,’ presents a heroic vision of Jair Bolsonaro and is based on Bolsonaro’s successful 2018 campaign for the presidency.
It is directed by Cyrus Nowrasteh and written by former Bolsonaro Culture Secretary Mário Frias.
Jair Bolsonaro remains in prison after receiving a 27-year sentence for attempting to overturn the 2022 election results.
Authorities said he orchestrated a plot to invalidate President Luiz Inácio Lula da Silva’s victory, leading to his imprisonment in September.
In addition to his sentence, a separate ruling has barred him from holding office until 2030, effectively ending his political career.
From prison, the former president issued a rare public endorsement naming Flávio as his preferred successor.
According to The Associated Press, Flávio, 44, has confirmed through his Senate office that he will run in the October 2026 presidential election against the candidate of the Liberal Party.
Flávio, who is the eldest of the brothers, described his decision to run as ‘irreversible,’ setting up a direct challenge to President Lula, who is seeking a fourth nonconsecutive term.
‘It is with great responsibility that I confirm the decision of Brazil’s greatest political and moral leader, Jair Messias Bolsonaro, to entrust me with the mission of continuing our national project,’ Flávio wrote on X.
His office also confirmed he has visited his father in prison.
Production on ‘Dark Horse’ is expected to continue into 2026, with filming planned in both Brazil and Mexico.
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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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