Category: GlobeNewswire

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NZ-AU: LHM Guidance Revision – Increase FY2026 Production Range

Source: GlobeNewswire (MIL-NZ-AU)

PERTH, Australia, April 16, 2026 (GLOBE NEWSWIRE) — Paladin Energy Ltd (ASX:PDN, TSX:PDN, OTCQX:PALAF) (“Paladin” or the “Company”) provides an operations and guidance update for the Langer Heinrich Mine (LHM) in advance of its March 2026 Quarterly Report, which is scheduled for release on 22 April 2026.

The LHM ramp-up and transition to full mining operations has progressed well during the first nine months of FY2026. The combination of successful mobilisation of the mining fleet, improved feed grade and high recovery rates from the processing plant have resulted in year-to-date FY2026 production of 3.6Mlb U3O8.

As a result of the strong performance in the first nine months of FY2026, Paladin has revised its FY2026 guidance as follows:

LHM FY2026 Guidance Update (100%1)   FY20262 Revised Guidance
U3O8 Produced Mlb 4.0 – 4.4 4.5 – 4.8
U3O8 Sold Mlb 3.8 – 4.2 No change
Cost of Production3 US$/lb 44 – 48 No change
Capital & Exploration Expenditure4 US$M 26 – 32 15 – 17

LHM recorded 3.0Mlb U3O8 in sales in the first nine months of FY2026. Full year sales guidance remains unchanged.

Cost of production is expected to materially align with previous guidance pending the duration of the current conflict in the Middle East and any further associated impacts on forecast cost.

The capital and exploration expenditure guidance range has been reduced to US$15M to US$17M (previously US$26M – US$32M) due to reprioritisation and deferral of capital and exploration expenditure.

The revised guidance is based on current operating conditions and assumptions and may be impacted by disruptions arising from current geopolitical events. Paladin is closely monitoring the potential impact of these events.

Paladin continues to expect LHM to transition to full mining and processing plant operations by the end of FY2026.

The following results were achieved in the first nine months of FY2026:

Langer Heinrich Mine (100%1)   Q3
FY2026		 Q2
FY2026		 Q1
FY2026		 YTD
FY2026
U3O8Produced Mlb 1.29 1.23 1.07 3.59
U3O8Sold5 Mlb 1.03 1.43 0.53 3.00
Average Realised Price6 US$/lb 68.3 71.8 67.4 69.8
Cost of Production3 US$/lb 40.3 39.7 41.6 40.4
Capital and Exploration Expenditure4 US$M 3.4 2.4 1.1 7.0

The Company will hold a conference call on Wednesday, 22 April 2026, at 11.00am AEST7 (Tuesday, 21 April 2026, at 9.00pm EDT8), following the release of its March 2026 Quarterly Report. To participate in the live teleconference, please register at the link below:

https://s1.c-conf.com/diamondpass/10054216-fmpl36.html

This announcement has been authorised for release by the Board of Directors of Paladin Energy Ltd.

Contacts

Forward-looking statements

This document contains certain “forward-looking statements” within the meaning of Australian securities laws and “forward-looking information” within the meaning of Canadian securities laws (collectively referred to in this document as forward-looking statements). All statements in this document, other than statements of historical or present facts, are forward-looking statements and generally may be identified by the use of forward-looking words such as “anticipate”, “expect”, “likely”, “propose”, “will”, “intend”, “should”, “could”, “may”, “believe”, “forecast”, “estimate”, “target”, “outlook”, “guidance” and other similar expressions. These forward-looking statements include, but are not limited to, statements about Paladin’s expectations for FY2026.

Forward-looking statements involve subjective judgment and analysis and are subject to significant uncertainties, risks and contingencies including those risk factors associated with the mining industry, many of which are outside the control of, change without notice, and may be unknown to Paladin. These risks and uncertainties include but are not limited to liabilities inherent in mine development and production, geological, mining and processing technical problems, the inability to obtain any additional mine licenses, permits and other regulatory approvals required in connection with mining and third party processing operations, competition for amongst other things, capital, acquisition of reserves, undeveloped lands and skilled personnel, incorrect assessments of the value of acquisitions, changes in commodity prices and exchange rates, currency and interest fluctuations, various events which could disrupt operations and/or the transportation of mineral products, including labour stoppages and severe weather conditions, rising energy costs, inflationary pressures, the demand for and availability of transportation services, the ability to secure adequate financing and management’s ability to anticipate and manage the foregoing factors and risks. Readers are also referred to the risks and uncertainties referred to in the Company’s 2025 Annual Report and Paladin’s Management Discussion and Analysis for the year ended 30 June 2025, each released on 28 August 2025 and in the Company’s Annual Information Form for the year ended 30 June 2025 released on 15 September 2025.

Although at the date of this document, Paladin 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 the expectations expressed in such forward-looking statements due to a range of factors including (without limitation) fluctuations in commodity prices and exchange rates, exploitation and exploration successes, permitting and development issues, political risks including the impact of political instability on economic activity and uranium supply and demand, Indigenous Nations engagement, climate risk, operating hazards, natural disasters, severe storms and other adverse weather conditions, shortages of skilled labour and construction materials, equipment and supplies, energy costs, inflation, regulatory concerns, continued availability of capital and financing and general economic, market or business conditions and risk factors associated with the uranium industry generally. There can be no assurance that forward-looking statements will prove to be accurate.

Readers should not place undue reliance on forward-looking statements, and should rely on their own independent enquiries, investigations and advice regarding information contained in this document. Any reliance by a reader on the information contained in this document is wholly at the reader’s own risk. The forward-looking statements in this document relate only to events or information as of the date on which the statements are made. Paladin does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise. No representation, warranty, guarantee or assurance (express or implied) is made, or will be made, that any forward-looking statements will be achieved or will prove to be correct. Except for statutory liability which cannot be excluded, Paladin, its officers, employees and advisers expressly disclaim any responsibility for the accuracy or completeness of the material contained in this document and exclude all liability whatsoever (including negligence) for any loss or damage which may be suffered by any person as a consequence of any information in this document or any error or omission therefrom. Except as required by law or regulation, Paladin accepts no responsibility to update any person regarding any inaccuracy, omission or change in information in this document or any other information made available to a person, nor any obligation to furnish the person with any further information.

Non-IFRS financial information

Paladin uses certain financial measures that are considered “non-IFRS financial information” within the meaning of Australian securities laws and/or “non-GAAP financial measures” within the meaning of Canadian securities laws (collectively referred to in this announcement as Non-IFRS Measures) to supplement analysis of its financial and operating performance. These Non-IFRS Measures do not have a standardised meaning prescribed by International Financial Reporting Standards (IFRS) and therefore may not be comparable to similar measures presented by other issuers.

The Company believes these measures provide additional insight into its financial results and operational performance and are useful to investors, securities analysts, and other interested parties in understanding and evaluating the Company’s historical and future operating performance. However, they should not be viewed in isolation or as a substitute for information prepared in accordance with IFRS. Accordingly, readers are cautioned not to place undue reliance on any Non-IFRS Measures. The Non-IFRS Measures used in this announcement are described below.

Average Realised Price

Average Realised Price (US$/lb U₃O₈) is a Non-IFRS Measure that represents the average revenue received per pound of uranium sold during a given period. It is calculated by dividing total revenue from U₃O₈ sales (before royalties and after any applicable discounts) by the total volume of U₃O₈ pounds sold. This measure provides insight into the actual pricing achieved under the Company’s uranium sales contracts and spot sales during the reporting period, taking into account the mix of base-escalated, fixed-price and market-related pricing mechanisms within contracts. The Company uses Average Realised Price to assess revenue performance relative to market prices, contractual pricing structures, and production costs. It is also a key measure used by investors and analysts to evaluate price exposure, contract performance, and profitability potential.

It is important to note that Average Realised Price is distinct from both the spot market price and the term market price for uranium, and it may vary significantly from quarter to quarter based on timing of deliveries, customer contract structures, and the prevailing market environment.

Revenue from the sale of U3O8 is reported in the Company’s financial statements under IFRS. The Average Realised Price is derived directly from statutory revenue figures and disclosed sales volumes.

Cost of Production

The Cost of Production per pound is a unit cost measure that indicates the average production cost per pound of U₃O₈ produced, and is calculated as:

Cost of Production per lb = Cost of Production ÷ U₃O₈ Pounds Produced

Cost of Production is calculated as the total direct production expenditures incurred during the period (including mining, stockpile rehandling, processing, site maintenance, and mine-level administrative costs), excluding costs such as cost of ore stockpiled, deferred stripping costs, depreciation and amortisation, general and administration costs, royalties, exploration expenses, sustaining capital and the impacts of any inventory impairments or impairment reversals. This measure helps users assess Paladin’s operating efficiency.

The Cost of Production per pound is a Non-IFRS Measure that is widely used in the mining industry as a benchmark of operational efficiency and cost competitiveness. Paladin’s Cost of Production metric is calculated as the total direct production expenditures as defined above (in US dollars) incurred during the period, divided by the volume of U₃O₈ pounds produced in the same period. Management uses Cost of Production per pound to track progress of operational performance, to assess profitability at various uranium price points, and to identify trends in operating costs. It is also a key metric for investors and analysts to evaluate how efficiently the Company is producing uranium, independent of depreciation and accounting adjustments.

This measure allows stakeholders to monitor trends in direct production costs and to assess the Company’s operating breakeven threshold relative to uranium market prices. Investors are cautioned that our Cost of Production metric may not be comparable with similarly titled “C1 cash cost” metrics of other uranium producers, as there can be differences in methodology (e.g., treatment of royalties or certain site costs). Paladin’s Cost of Production figure as defined above, focuses strictly on the on-site cost to produce uranium concentrate in the current period. All figures are in US$/lb U₃O₈.

Notes

1 Paladin has a 75% interest in the LHM
2 Refer to Stock Exchange announcement entitled “Langer Heinrich Mine FY2026 Guidance” dated 23 July 2025
3 Cost of Production is a Non-IFRS Measure. See “Non-IFRS financial information” for more information
4 Capital and Exploration Expenditure does not include capitalised stripping costs
5 September quarter sales include 85,000lb loan material delivered under existing contracts. Total material loans outstanding amounted to 450,000lb at the quarter end. March quarter sales include a further 130,000lb sourced through a purchase & sale back arrangement and 155,000lb through product swap. These arrangements were entered to meet customer deliveries during the quarter due to a shipping delay and have been closed out subsequent to quarter end.
6 Average Realised Price is a Non-IFRS Measure. See “Non-IFRS financial information” for more information
7 AEST: Australian Eastern Standard Time (Sydney)
8 EDT: Eastern Daylight Time (Toronto time)

– Published by The MIL Network

LiveNews: https://livenews.co.nz/2026/04/17/nz-au-lhm-guidance-revision-increase-fy2026-production-range/

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NZ-AU: CLINUVEL: advancing peptides for photomedicine and vitiligo care at AAD 2026

Source: GlobeNewswire (MIL-NZ-AU)

MELBOURNE, Australia, April 15, 2026 (GLOBE NEWSWIRE) — CLINUVEL’s innovative photomedicine and vitiligo programs featured extensively at the recent American Academy of Dermatology (AAD) Annual Meeting, the world’s largest gathering of dermatology professionals. Through the Company’s bespoke Pavilion of Photomedicine and conference sessions across five days, the development and commercialisation of CLINUVEL’s proprietary peptides in dermatology was presented to over 20,000 delegates.

Building on momentum from the 2025 AAD meeting, AAD 2026 saw CLINUVEL’s ambition translate into deeper engagement with the medical community, with the Pavilion now an established hub for meaningful scientific exchange and candid dialogues. The CLINUVEL team welcomed thousands of visitors, including many returning physicians eager to review the progress of the Company’s clinical programs.

New insights in vitiligo therapy

The 2026 meeting reflected a maturing dialogue regarding the standard of care and potential of new therapies for patients with vitiligo. While the recent focus in the field has been on immune-suppressing JAK inhibitors, clinicians are increasingly identifying the practical challenges of long-term treatment dependency and the prevalence of relapse upon cessation of treatment. This shift in treatment discourse highlights an increasing demand for therapies that prioritise sustained stability and patient safety over the long term.

CLINUVEL’s investigational approach offers a fundamentally different path. The Company’s ongoing Phase III vitiligo study (CUV105) is evaluating afamelanotide as a systemic therapy with adjunct narrowband ultraviolet B (NB-UVB) phototherapy to stimulate repigmentation and stabilise the disease, rather than suppressing the body’s immune system. Afamelanotide, a linear peptide administered in a controlled-release injectable implant, is not currently approved for vitiligo anywhere in the world.

At the Global Vitiligo Foundation (GVF) Annual Symposium, Professor Antoine Bertolotti (University Hospital of La Réunion) presented patient case studies from CUV105, reporting repigmentation following 20 weeks of afamelanotide with adjunct NB-UVB. Crucially, the data showed that patients with darker skin types (Fitzpatrick skin types IV–VI) maintained their pigmentation up to the six month follow-up visit subsequent to withdrawal of therapy. Notably, even patients with active disease (i.e. where the condition is actively spreading) showed a response to therapy in these clinical cases.

Holistic patient care

While CLINUVEL’s primary clinical focus remains its rigorous path toward regulatory approval in vitiligo, the Company’s work at the Pavilion highlighted a holistic philosophy that extends beyond the clinic. Unlike standard models, CLINUVEL takes a long-term view of patient care by creating dedicated spaces for patients to share their experiences and advocate for improvements in clinical trial diversity and mental health support.

The three-day speaker program emphasised this commitment, featuring patients, physicians, and even healthcare partners coming together to exchange insights on topics ranging from fostering inclusivity when engaging with patient communities, to the regulatory and cultural differences in managing vitiligo in different parts of the world.

Technology and digital impact: creating a global buzz

The innovations showcased in Denver extended into the digital sphere, creating significant engagement across social media. CLINUVEL’s outreach efforts reached over 314,000 unique users, with daily wrap-up content generating thousands of interactions. This digital buzz mirrors the energy at the Pavilion, where the Company introduced its proprietary Vitiligo Visual Algorithm (VVA) – an artificial intelligence (AI)-driven tool designed to objectively assess pigmentation using standardised clinical photographs, tracking an individual patient’s treatment progress over time. This tool is now being refined with the assistance of physicians, patients and researchers.

Social media highlights

  • @dermdsaid featured a walk-through of the Pavilion, highlighting CLINUVEL’s vitiligo program
  • @dr.kyla.md featured the Pavilion’s distinctive façade in a playful commentary on AAD’s unmissable exhibition spaces
  • @glow_and_happy’s reel heavily features CLINUVEL’s Pavilion of Photomedicine

Watch a wrap-up video of CLINUVEL’s time at AAD 2026.

Commentary

“Returning to the AAD for a second year has allowed us to witness a significant maturation in the clinical dialogue surrounding vitiligo,” said Dr Linda Teng, CLINUVEL’s Director of North American Operations. “Our engagement in Denver confirms a growing recognition among the medical community that the next frontier in vitiligo care must prioritise long-term physiological stability and safety beyond immune-suppression.

“The overwhelming response to the Pavilion this year validates our longstanding focus on melanocortin peptides and reinforces our mission to advance clinical programs that truly reflect the life-long needs of the patients we serve.”

About CLINUVEL PHARMACEUTICALS LIMITED

CLINUVEL (ASX: CUV; ADR LEVEL 1: CLVLY; Börse Frankfurt: UR9) is a global specialty pharmaceutical group focused on developing and commercialising treatments for patients with genetic, metabolic, systemic, and life-threatening, acute disorders, as well as healthcare solutions for specialised populations. As pioneers in photomedicine and the family of melanocortin peptides, CLINUVEL’s research and development has led to innovative treatments for patient populations with a clinical need for systemic photoprotection, assisted DNA repair, repigmentation and acute or life-threatening conditions who lack alternatives.

CLINUVEL’s lead therapy, SCENESSE® (afamelanotide 16mg), is approved for commercial distribution in Europe, the USA, Israel, and Australia as the world’s first systemic photoprotective drug for the prevention of phototoxicity (anaphylactoid reactions and burns) in adult patients with erythropoietic protoporphyria (EPP). Headquartered in Melbourne, Australia, CLINUVEL has operations in Europe, Singapore, and the USA. For more information, please go to https://www.clinuvel.com.

Head of Investor Relations
Mr Malcolm Bull, CLINUVEL PHARMACEUTICALS LTD

Investor Enquiries
https://www.clinuvel.com/investors/contact-us

Forward-Looking Statements

This release contains forward-looking statements, which reflect the current beliefs and expectations of CLINUVEL’s management. Statements may involve a number of known and unknown risks that could cause our future results, performance, or achievements to differ significantly from those expressed or implied by such forward-looking statements. Important factors that could cause or contribute to such differences include risks relating to: our ability to develop and commercialise pharmaceutical products; the COVID-19 pandemic and/or other world, regional or national events affecting the supply chain for a protracted period of time, including our ability to develop, manufacture, market and sell biopharmaceutical products; competition for our products, especially SCENESSE® (afamelanotide 16mg), PRÉNUMBRA® or NEURACTHEL®; our ability to achieve expected safety and efficacy results in a timely manner through our innovative R&D efforts; the effectiveness of our patents and other protections for innovative products, particularly in view of national and regional variations in patent laws; our potential exposure to product liability claims to the extent not covered by insurance; increased government scrutiny in either Australia, the U.S., Europe, Israel, China and Japan of our agreements with third parties and suppliers; our exposure to currency fluctuations and restrictions as well as credit risks; the effects of reforms in healthcare regulation and pharmaceutical pricing and reimbursement; that the Company may incur unexpected delays in the outsourced manufacturing of SCENESSE®, PRÉNUMBRA® or NEURACTHEL® which may lead to it being unable to supply its commercial markets and/or clinical trial programs; any failures to comply with any government payment system (i.e. Medicare) reporting and payment obligations; uncertainties surrounding the legislative and regulatory pathways for the registration and approval of biotechnology and consumer based products; decisions by regulatory authorities regarding approval of our products as well as their decisions regarding label claims; our ability to retain or attract key personnel and managerial talent; the impact of broader change within the pharmaceutical industry and related industries; potential changes to tax liabilities or legislation; environmental risks; and other factors that have been discussed in our 2023 Annual Report. Forward-looking statements speak only as of the date on which they are made, and the Company undertakes no obligation, outside of those required under applicable laws or relevant listing rules of the Australian Securities Exchange, to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. More information on preliminary and uncertain forecasts and estimates is available on request, whereby it is stated that past performance is not an indicator of future performance.

Contact:

Tel: +61 3 9660 4900
Fax: +61 3 9660 4909
Email: mail@clinuvel.com
Australia (Head Office), Level 22, 535 Bourke Street, Melbourne, Victoria, 3000, Australia

Photos accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/a63efa41-50f1-45f2-8ee5-0d54842edcaa

https://www.globenewswire.com/NewsRoom/AttachmentNg/33cac11d-7021-45d7-a334-97b2ac9fa4a6

A video accompanying this announcement is available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/3d0e4a67-5fc2-46d0-95b7-b34582a13539

– Published by The MIL Network

LiveNews: https://livenews.co.nz/2026/04/15/nz-au-clinuvel-advancing-peptides-for-photomedicine-and-vitiligo-care-at-aad-2026/

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NZ-AU: Corporate Update and Project Development Progress

Source: GlobeNewswire (MIL-NZ-AU)

Highlights

  • Surface miner mobilised to Daniel Plateau, with trial mining operations scheduled to commence this month
  • Updated financial cashflow modelling confirmed that current cash position plus the existing AFG debt financing facility fully supports the Company’s CAPEX requirements to first ore shipment
  • First production targeted for Q2 2026 and first ore shipment scheduled in Q3, 2026
  • First seven locomotives were shipped from China at the end of March and scheduled to arrive at Port of Douala in late Q2, 2026
  • Ongoing engagement with Camrail regarding a potential increase in the Company’s equity interest above the current 9.1%. Targeting completion of increase this quarter
  • Offtake discussions with multiple potential partners are progressing
  • Feasibility Study for the proposed alumina refinery is progressing as planned

PERTH, Australia, April 13, 2026 (GLOBE NEWSWIRE) — Canyon Resources Limited (ASX: CAY) (“Canyon” or “the Company”) has released a corporate update, along with a progress report on the development of its Minim Martap Bauxite Project (“Minim Martap” or “the Project”), located in Cameroon.

Corporate Update

Chief Executive Officer, Peter Secker, has tendered his resignation from the Company for personal reasons. He will remain in his role over the coming months to lead Canyon through the critical transition to production at Minim Martap, ensuring continuity and momentum ahead of a successor being appointed. Mr Secker has also agreed to remain available for an additional period, if required, to assist with the executive recruitment process and ensure operations continue as scheduled.

The Board and management team extend their sincere appreciation to Mr Secker for his valuable contributions to Canyon during his tenure. They also acknowledge and thank him for his continued support as the Company advances its strategic transition toward becoming a globally significant bauxite producer.

Furthermore, Mark Hohnen has transitioned into a Non-Executive Chairman role and Non-Executive Director Scott Phegan, has informed the Board of his resignation, effective immediately, as he refocuses his priorities on his executive roles.

Mr Phegan was appointed Non-Executive Director in August 2022 and has been a key member of the Company’s leadership team throughout Canyon’s transition into a global bauxite producer. The Company thanks Mr Phegan for his contributions to the achievement of significant milestones during his tenure, as the Minim Martap Project progresses towards first production target for Q2, 2026.

Canyon Non-Executive Chairman Mark Hohnen commented: “Peter has been instrumental in the successful development of Minim Martap which is now on the cusp of becoming a tier-one bauxite operation, and we thank him for his invaluable contribution. We fully understand and respect Peter’s decision and have now commenced a global search for a senior executive with specific bauxite and alumina operations experience to move Minim Martap forward as it commences full production.

“Scott leaves with our best wishes for his ongoing success with his other ventures. We are sorry to see him depart, and we thank him for his contribution to Canyon. We understand the significant time and effort required for non-executive roles and respect his decision to focus on his executive positions.”

Development Update

At Minim Martap the surface miner, which was commissioned in February, has been mobilised to site at the Daniel Plateau, and will commence trial mining operations this month. First production at Minim Martap remains on schedule for mid Q2, 2026.

Upgrade works on the haul road connecting the Danielle Plateau to the Inland Rail Facility (“IRF”) are progressing as planned. The haul road remains on schedule to support the commencement of ore haulage from the mine to the IRF upon the commencement of production.

The first seven locomotives were shipped from China at the end of March and are expected to arrive at the Port of Douala in late Q2 2026, ahead of first shipment in Q3, 2026.

Image 1: Port of Douala

Image 2: Locomotives being prepared for shipment to Minim Martap (left China end of March)

Considering previous adjustments to the locomotive delivery schedule, the Company refined its logistics sequencing, with the maiden bauxite trial shipment scheduled for Q3, 2026, which allows for an extended commissioning and ramp-up phase towards full-scale bauxite shipments in Q4, 2026.

Discussions with Camrail relating to Canyon increasing its current stake from 9.1% to more than 20% are continuing. The increase in investment in Camrail would enable greater participation in the PQ2 upgrade, further strengthening and de-risking the Company’s mine-to-port logistics strategy. Canyon expects to increase its position in Camrail this quarter.

Image 3 and 4: Surface Miner Arriving on Site

Canyon is engaging with several potential offtake partners, with the Company aiming to finalise agreements following the completion of initial bauxite shipments, allowing Canyon to demonstrate the high grade, high purity of the Minim Martap ore reserve, which comprises of 51% alumina and approximately 2% silica.1

The Feasibility Study for the proposed value-adding alumina refinery is progressing according to schedule and is anticipated to be completed by Q3 2026 for release to the market.

The Feasibility Study is assessing Canyon’s downstream strategy and supporting the primary objective of positioning the Company as an integrated participant in the global aluminium value chain. The Study leverages the cost benefits of operating in Cameroon and the Project’s low-silica, high-grade bauxite.

Recently, updated financial cashflow modelling has confirmed that the Company’s current cash position along with existing AFG Bank Cameroon (AFG) debt facility of US$140M ensures Canyon is fully funded for Stage 1 capital development costs as outlined in the DFS dated 1 September 2025 and up to first shipment of ore from Minim Martap.

The Board has resolved, subject to the completion of investigations into the relevant holders, for the Company issue one option for every two shares acquired by investors who participated in the Company’s Tranche 1 capital raising at $0.26 per share announced on 25 September 2025 and who remained as a shareholder on 9 March 2026. The options are proposed to have an exercise price of $0.255 per option, being a 50% premium to Canyon’s share price on 9 March 2026 and a 2-year term.

The Company will provide a further update and confirmation of the proposed option issue once it has completed its investigations, including who will be entitled to participate in and the terms of the options issue.

This announcement has been approved for release by Canyon’s Board of Directors.         

About Canyon Resources

Canyon Resources is developing its flagship Minim Martap Bauxite Project in Cameroon, which contains over 1.1 billion tonnes of high-grade, low contaminant bauxite, with significant exploration upside. Minim Martap ranks among the world’s richest bauxite deposits, with an Ore Reserve of 144Mt at 51.2% Al2O3 and 1.7% SiO2 and a JORC Mineral Resource Estimate of 1,102Mt at 45.3% Al2O3.

  Ore (DMT) Alumina (Al2O3) Silica (SiO2)
Total Ore Reserves1 144.0 51.2 % 1.7 %
Proved 133.3 51.2 % 1.7 %
Probable 10.7 51.8 % 1.7 %
Total Mineral Resources2 1,102 45.3 % 2.7 %
Measured 394 46.8 % 2.1 %
Indicated 502 44.7 % 2.9 %
Inferred 206 44.0 % 3.4 %

(1) Ore Reserves reported as per JORC Code
(2) Mineral Resources reported as per JORC Code, at a cut-off grade of 35% Al2O3. Makan & Ngaoundal tenements are included
 

Table 1: Ore Reserves and Mineral Resources – September 2025

Forward-looking statements

This announcement contains “forward-looking statements” and “forward-looking information”, such as statements and forecasts which include (without limitation) financial forecasts, production targets, industry and trend projections, statements about the feasibility of the Project and its financial outcomes (including pursuant to the DFS), future strategies, results and outlook of Canyon and the opportunities available to Canyon. Often, but not always, forward-looking statements and information can be identified by the use of words such as “plans”, “expects”, “is expected”, “is expecting”, “budget”, ‘outlook”, “scheduled”, “target”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes”, or variations (including negative variations) of such words and phrases, or state that certain actions, events or results “may”, “could”, “would”, “might”, or “will” be taken, occur or be achieved. Such information is based on assumptions and judgments of Canyon regarding future events and results. Readers are cautioned that forward-looking statements and information involve known and unknown risks, uncertainties and other factors which may cause the actual results, targets, performance or achievements of Canyon to be materially different from any future results, targets, performance or achievements expressed or implied by the forward-looking statements and information.

Forward-looking statements and information are not guarantees of future performance and involve known and unknown risks, uncertainties, sensitivities, contingencies, assumptions and other important factors, many of which are beyond the control of Canyon and its directors and management. Past performance is not a guide to future performance. Key risk factors (including as associated with the DFS) are detailed (non-exhaustively) in this announcement or in Canyon’s previous ASX announcements. These and other factors (such as risk factors that are currently unknown) could cause actual results, targets, performance or achievements anticipated (including in the DFS) to differ materially from those expressed in forward-looking statements and information.

Forward-looking statements and information (including Canyon’s belief that it has a reasonable basis to expect it will be able to fund the costs of the Project for its estimated life of mine) are (further to the above) based on the reasonable assumptions, estimates, analysis and opinions of Canyon made in light of its perception of trends, current conditions and expected developments, as well as other factors that Canyon believes to be relevant and reasonable in the circumstances at the date such statements are made, but which may prove to be incorrect. Although Canyon believes that the assumptions and expectations reflected in such forward-looking statements and information (including as described throughout this announcement) are reasonable, readers are cautioned that this is not exhaustive of all factors which may impact on the forward-looking statements and information. Canyon does not undertake to update any forward-looking statements or information, except in accordance with applicable securities laws.

Investors should note that there is no certainty that the Project will be feasible and there can be no assurance of whether it will be developed, constructed and commence operations, whether the DFS results will be accurate, whether production targets will be achieved or whether Canyon will be able to raise funding when it is required (nor any certainty as to the form such capital raising may take, such as equity, debt, hybrid and/or other capital raising). It is also possible that such funding may only be available on terms that dilute or otherwise affect the value of Canyon’s shares. It is also possible that Canyon could pursue other ‘value realisation’ strategies such as sale, partial sale, or joint venture of the Project. Risk factors which are set out (non-exhaustively) in this announcement, or in Canyon’s previous ASX announcements, highlight key factors identified by Canyon which may cause actual results to differ from the DFS or may otherwise have material detrimental impacts on Canyon and its business.

Mineral Resources and Ore Reserves

This announcement contains estimates of the Mineral Resources and Ore Reserves estimated for the Project. This information in this announcement that relates to those Mineral Resources and Ore Reserves has been extracted from Canyon’s accompanying ASX announcement entitled “Definitive Feasibility Study Results and Reserves Upgrade Confirms Minim Martap as a Tier-One Bauxite Operation” dated 1 September 2025, a copy of which is available at www.asx.com.au. Canyon confirms that it is not aware of any new information or data that materially affects the information included in that announcement and, in relation to the estimates of Mineral Resources and Ore Reserves, confirms that all material assumptions and technical parameters underpinning the estimates in that announcement continue to apply and have not materially changed. The Competent Person for the Mineral Resources estimate in the announcement was Mr. Rodney Brown and the Competent Persons for the Ore Reserve estimate in the announcement was Mr. Donald Eld.

Production Targets and Financial Forecasts derived from the Production Targets

This announcement contains production targets for the Project, which are 100% underpinned by the Proved and Probable category Ore Reserves estimated at the Project pursuant to the JORC Code (2012). The estimated Ore Reserves underpinning the production targets have been prepared by a competent person in accordance with the JORC Code.

The Inferred category Mineral Resource estimates at the Project have not been included in the Ore Reserves or production targets and have not been included when determining the forecast financial information detailed in this announcement. There is a low level of geological confidence associated with Inferred Mineral Resources and there is no certainty that further exploration work will result in the determination of Indicated Mineral Resources (or Ore Reserves) in relation to that mineralisation.

The production targets for the Project and the financial forecasts disclosed in this announcement (including as derived from those production targets) are based on the material assumptions outlined in this announcement and are subject to various risk factors, such as those (non-exhaustively) outlined, or referred to, in this announcement and in previous ASX announcements. These include assumptions and risk factors about the availability of funding. While Canyon considers all the material assumptions to be based on reasonable grounds, there is no certainty that they will prove to be correct or that the Mineral Resource and Ore Reserve estimates are accurate or that the production targets or financial forecasts as indicated in this announcement will be achieved.

_________________________________
1 Refer ASX announcement dated 1 September 2025 “Definitive Feasibility Study Results and Reserves Upgrade”

Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/287ff232-42ed-4560-a448-78f22ea6270f
https://www.globenewswire.com/NewsRoom/AttachmentNg/89cc41ad-b0df-406c-8e1f-0c76cf4db4cd
https://www.globenewswire.com/NewsRoom/AttachmentNg/7b406278-3494-4979-a83d-941ba9879ab4
https://www.globenewswire.com/NewsRoom/AttachmentNg/60db6cfc-033e-4c60-9096-3d5c53caf5da

– Published by The MIL Network

LiveNews: https://livenews.co.nz/2026/04/14/nz-au-corporate-update-and-project-development-progress/

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NZ-AU: Vital Hemp Gummies | Launch” Hemp Gummies Australia, NZ Or Canada Relieves Anxiety Effective Reduces Pain Relax Stress With Vital Hemp 2026

Source: GlobeNewswire (MIL-NZ-AU)

New York City, April 13, 2026 (GLOBE NEWSWIRE) —

In today’s modern lifestyle, stress, anxiety, and poor sleep have become increasingly common concerns affecting overall health and well-being. As people look for natural and convenient ways to restore balance, hemp-based supplements have gained significant popularity. Among these, Vital Hemp Gummies have emerged as a simple yet effective option for those seeking daily wellness support without relying on harsh chemicals or complicated routines.

Limited Stock Available – Vital Hemp Gummies Australia Now

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When you consume Vital Hemp Gummies, the active components from hemp—such as beneficial fatty acids and plant-based compounds—are absorbed into the bloodstream through digestion. These compounds then begin to influence receptors in the ECS, helping the body maintain a balanced state known as homeostasis. This process can promote a sense of calm, reduce feelings of stress, and support emotional well-being without causing any intoxicating effects.

These gummies combine the nutritional benefits of hemp-derived ingredients with an easy-to-consume format, making them ideal for beginners and regular users alike. Designed to promote relaxation, support better sleep, and enhance overall vitality, Vital Hemp Gummies offer a holistic approach to health. With growing interest in plant-based solutions, they are quickly becoming a preferred choice for individuals aiming to improve their lifestyle naturally and sustainably.

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What is Vital Hemp Gummies?

Vital Hemp Gummies are a modern, plant-based dietary supplement designed to support overall health and wellness using the natural benefits of hemp-derived ingredients. Unlike traditional supplements that come in capsules or powders, these gummies offer a convenient and enjoyable way to incorporate hemp into your daily routine. They are typically made using hemp seed oil or hemp extract, which are known for being rich in essential nutrients like Omega-3 and Omega-6 fatty acids, antioxidants, and other beneficial plant compounds. What makes Vital Hemp Gummies particularly appealing is that they are non-intoxicating, meaning they do not produce any “high” commonly associated with cannabis products, as they contain little to no THC.

These gummies are often formulated to promote relaxation, support better sleep, and help manage everyday stress, making them suitable for individuals dealing with busy, demanding lifestyles. In addition to their calming properties, they may also contribute to improved heart health, enhanced mental clarity, and overall physical balance due to their nutritional profile. Vital Hemp Gummies are commonly crafted with natural flavors and vegan-friendly ingredients, making them accessible to a wide range of users. Overall, they represent a simple, tasty, and natural approach to maintaining wellness, especially for those looking to avoid synthetic supplements while still benefiting from the power of hemp.

How Does Vital Hemp Gummies Work?

Vital Hemp Gummies work by supporting the body’s natural balance through a combination of hemp-derived compounds and essential nutrients. Their effectiveness is largely linked to how these compounds interact with the body’s internal systems, especially the endocannabinoid system (ECS), which plays a key role in regulating functions like mood, sleep, stress response, and overall stability.

In addition to this, the presence of Omega-3 and Omega-6 fatty acids helps nourish the brain and heart, while also reducing inflammation in the body. These nutrients contribute to better cognitive function, improved circulation, and overall physical comfort. Some formulations may also include vitamins and minerals that further enhance relaxation, energy levels, and immune support.

Another important aspect of how Vital Hemp Gummies work is their ability to indirectly support sleep quality. By calming the nervous system and easing mental tension, they can help the body transition into a more restful state, making it easier to fall asleep and stay asleep throughout the night.

Overall, Vital Hemp Gummies take a holistic approach by working with the body’s natural systems rather than overriding them, helping users feel more balanced, relaxed, and supported in their daily lives.

(OFFICIAL WEBSITE) Click Here to Buy Vital Hemp Gummies From The Official Website

The Science Behind Vital Hemp Gummies

The effectiveness of Vital Hemp Gummies is rooted in how hemp-derived compounds interact with the body’s natural systems, particularly the endocannabinoid system (ECS), which is responsible for maintaining balance in functions such as mood, sleep, pain response, and immune activity. When consumed, the active components in hemp—along with essential fatty acids like Omega-3 and Omega-6—are absorbed through the digestive system and gradually enter the bloodstream.

These compounds help support communication between cells and receptors in the ECS, encouraging the body to maintain a stable internal environment. In addition, the nutrients found in hemp contribute to brain health, reduce inflammation, and support cardiovascular function. The calming effect often associated with these gummies may also be linked to their ability to help regulate stress hormones like cortisol, promoting relaxation and improved sleep quality. Overall, Vital Hemp Gummies work in a holistic way by supporting the body’s natural processes rather than forcing immediate changes, which is why consistent use over time is often recommended for noticeable results.

Benefits of Vital Hemp Gummies

Vital Hemp Gummies offer a wide range of potential benefits, making them a versatile and convenient supplement for individuals looking to support their daily health naturally. Thanks to their blend of hemp-derived nutrients, essential fatty acids, and supportive compounds, these gummies work holistically to improve both mental and physical well-being. Below are some of the key benefits explained in detail:

1. Stress and Anxiety Relief

One of the most common reasons people choose Vital Hemp Gummies is for their calming effect. These gummies may help regulate the body’s stress response by supporting the endocannabinoid system, which plays a role in mood balance. Regular use may promote a sense of relaxation, helping users feel more at ease during stressful situations without causing drowsiness or dependency.

2. Improved Sleep Quality

Sleep issues are often linked to stress and mental restlessness. Vital Hemp Gummies may help calm the mind and body, making it easier to fall asleep and stay asleep throughout the night. By promoting relaxation, they can support deeper and more restorative sleep cycles, allowing users to wake up feeling refreshed and energized.

3. Pain and Inflammation Support

Hemp-derived compounds are known for their potential anti-inflammatory properties. These gummies may help reduce mild aches, joint stiffness, and everyday discomfort caused by inflammation. This makes them a popular option for individuals dealing with physically demanding routines or age-related discomfort.

4. Enhanced Mental Clarity

In addition to promoting calmness, Vital Hemp Gummies may also support better focus and cognitive function. By reducing mental fatigue and stress, they can help improve clarity, concentration, and overall productivity, especially during long or demanding days.

5. Heart Health Support

The presence of Omega-3 and Omega-6 fatty acids in hemp ingredients contributes to cardiovascular health. These essential fats help maintain healthy cholesterol levels, improve blood circulation, and support overall heart function when combined with a balanced lifestyle.

6. Immune System Boost

Vital Hemp Gummies often include vitamins, minerals, and antioxidants that play a role in strengthening the immune system. These nutrients help the body defend against external stressors and support overall resilience, especially during times of physical or mental strain.

7. Overall Wellness

Perhaps the biggest advantage of Vital Hemp Gummies is their ability to support multiple aspects of health at once. From mental relaxation to physical comfort and nutritional support, they provide a well-rounded approach to wellness. With consistent use, many users experience a greater sense of balance, energy, and overall vitality in their daily lives.

Who Should Use It?

Vital Hemp Gummies are designed for individuals who want a natural, easy-to-use supplement to support their overall well-being. Thanks to their gentle, plant-based formulation, they can fit into a variety of lifestyles and health goals. These gummies are especially suitable for people who prefer a convenient alternative to capsules or oils while still benefiting from hemp-derived nutrients.

They may be a good choice for:

  • People experiencing daily stress or anxiety
    Individuals dealing with work pressure, mental fatigue, or emotional stress may find these gummies helpful in promoting a calmer and more balanced state of mind.
  • Individuals with sleep issues or irregular sleep patterns
    Those who struggle to fall asleep or stay asleep may benefit from the relaxing properties that support a more restful night.
  • Those seeking natural wellness supplements
    People who prefer plant-based, non-synthetic products often choose Vital Hemp Gummies as part of a holistic health routine.
  • Adults looking for non-intoxicating hemp products
    Since these gummies are typically THC-free or contain negligible amounts, they are suitable for users who want the benefits of hemp without any psychoactive effects.
  • Individuals interested in improving overall health
    Anyone aiming to enhance their general wellness—whether it’s better focus, improved mood, or physical comfort—may consider adding these gummies to their daily routine.

However, it’s important to note that Vital Hemp Gummies are generally intended for adult use only. Children, pregnant or breastfeeding women, and individuals with underlying medical conditions should consult a healthcare professional before using this supplement.

Pros and Cons of Vital Hemp Gummies

Like any wellness supplement, Vital Hemp Gummies come with both advantages and limitations. Understanding these can help you decide whether they are the right fit for your health goals and lifestyle.

Pros

  • Natural and Plant-Based Formula
    Vital Hemp Gummies are typically made with hemp-derived ingredients, making them a good option for those who prefer natural supplements over synthetic alternatives.
  • Non-Intoxicating
    These gummies usually contain little to no THC, meaning they do not produce any “high” and can be used safely in daily routines.
  • Supports Stress Relief and Relaxation
    They may help promote a calm and relaxed state of mind, especially for individuals dealing with daily stress or mental fatigue.
  • May Improve Sleep Quality
    By supporting relaxation, these gummies can help users fall asleep more easily and enjoy deeper, more restful sleep.
  • Easy and Convenient to Use
    Gummies are pre-measured, portable, and easy to consume, making them ideal for beginners and busy individuals.
  • Nutritional Benefits
    Hemp ingredients provide essential fatty acids like Omega-3 and Omega-6, which support heart health and overall wellness.

Cons

  • Results May Vary
    The effects can differ from person to person depending on factors like body type, metabolism, and consistency of use.
  • Requires Consistent Use
    These gummies are not an instant solution; they usually need to be taken regularly over time to notice benefits.
  • Possible Mild Side Effects
    Some users may experience minor issues such as drowsiness, dry mouth, or digestive discomfort.
  • Slower Absorption
    Since gummies must be digested, they may take longer to show effects compared to oils or tinctures.
  • Quality Can Vary Between Brands
    Not all products are created equal, so choosing a trustworthy and transparent brand is important.
  • Not a Medical Treatment
    Vital Hemp Gummies are a supplement and should not be used as a replacement for professional medical advice or treatment.

Possible Side Effects

Vital Hemp Gummies are generally considered safe and well-tolerated by most users, especially when taken as directed. However, like any dietary supplement, some individuals may experience mild side effects, particularly during the initial days as the body adjusts to the ingredients.

Possible Side Effects Include:

  • Mild Digestive Discomfort
    Some users may experience slight bloating, nausea, or stomach upset, especially if taken on an empty stomach.
  • Drowsiness or Fatigue
    Due to their calming properties, these gummies may cause sleepiness in some individuals, particularly when taken in higher doses or during the daytime.
  • Dry Mouth
    A temporary dry sensation in the mouth is occasionally reported and can usually be managed by staying well-hydrated.
  • Changes in Appetite
    Some users may notice a slight increase or decrease in appetite depending on how their body responds.

Safety Tips:

To minimize the risk of side effects:

  • Follow the recommended dosage instructions
  • Avoid exceeding the suggested daily intake
  • Take the gummies after meals if you have a sensitive stomach
  • Stay hydrated throughout the day

Individuals who are pregnant, breastfeeding, taking medications, or managing existing health conditions should consult a healthcare professional before using Vital Hemp Gummies.

Overall, most side effects are mild and temporary, and many users do not experience any adverse reactions when using the product responsibly.

How to Use / Dosage

Using Vital Hemp Gummies is simple, making them a convenient addition to your daily wellness routine. Since they come in a pre-measured gummy form, there’s no need for complicated preparation or measuring.

Recommended Usage:

  • Take 1–2 gummies per day
  • Consume preferably after meals for better absorption
  • Use consistently at the same time each day for optimal results

Tips for Best Results:

  • Stay consistent and use regularly for at least 2–4 weeks to notice improvements
  • Pair with a healthy lifestyle, including proper diet and regular physical activity
  • Stay hydrated throughout the day to support overall body function
  • Avoid exceeding the recommended dosage unless advised by a healthcare professional

Important Note:

Always read and follow the instructions provided on the product label, as formulations may vary slightly. If you are new to hemp supplements, starting with a lower dose and gradually increasing it can help your body adjust more comfortably.

Frequently Asked Questions (FAQs)

1. Are Vital Hemp Gummies safe?

Yes, Vital Hemp Gummies are generally safe for most adults when used as directed. They are made with hemp-derived ingredients and are typically well-tolerated. However, individuals with medical conditions or those taking medications should consult a healthcare professional before use.

2. Do Vital Hemp Gummies contain THC?

Most formulations are THC-free or contain only trace amounts, which means they are non-intoxicating and will not produce a “high.”

3. How long does it take to see results?

Results may vary depending on the individual, but many users report noticeable improvements in 2–4 weeks with consistent daily use.

4. Can I take them daily?

Yes, Vital Hemp Gummies are designed for daily use as part of a regular wellness routine. Consistency is key to achieving the best results.

5. Are they addictive?

No, hemp-based supplements like Vital Hemp Gummies are non-addictive and do not create dependency.

6. Can I use them with other medications?

If you are currently taking medications or have underlying health conditions, it is recommended to consult a healthcare professional before combining them with this supplement.

7. Where can I buy Vital Hemp Gummies?

They are typically available online through official product websites and authorized sellers. Always ensure you are purchasing from a reliable source to guarantee authenticity.

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Final Conclusion

Vital Hemp Gummies have gained popularity as a natural and convenient supplement for individuals looking to support their overall health and well-being. With their plant-based formulation, ease of use, and potential benefits such as stress relief, improved sleep, and enhanced daily balance, they offer a practical solution for modern lifestyle challenges.

While they are not a miracle cure, consistent use combined with a healthy lifestyle can lead to noticeable improvements over time. It is important to approach them with realistic expectations and ensure you are choosing a high-quality product from a trusted source.

For those seeking a simple, natural addition to their wellness routine, Vital Hemp Gummies may be a worthwhile option to consider.

References: https://finance.yahoo.com/sectors/healthcare/articles/strongest-phentermine-alternatives-weight-loss-115400071.html

https://finance.yahoo.com/news/effective-oral-steroids-strength-muscle-122400342.html?

https://finance.yahoo.com/news/most-popular-sarms-bulking-muscle-193900631.html

Company – Vital Hemp Gummies

Website: https://tryvitalhemp.com/

Email: support@sprout-vitamins.com
Phone: +61 8 6149 7530

Mailing Address

Sprout Vitamins
220 Collins St, Level 8, 805, Melbourne VIC 3000

Advertise with us: Info@allprsolution.com

– Published by The MIL Network

LiveNews: https://livenews.co.nz/2026/04/14/nz-au-vital-hemp-gummies-launch-hemp-gummies-australia-nz-or-canada-relieves-anxiety-effective-reduces-pain-relax-stress-with-vital-hemp-2026/

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NZ-AU: Hall Chadwick Acquisition Corp. Announces Letter of Intent with REEcycle Holdings for De-SPAC Business Combination

Source: GlobeNewswire (MIL-NZ-AU)

NEW YORK, April 01, 2026 (GLOBE NEWSWIRE) — Hall Chadwick Acquisition Corp. (Nasdaq: HCACU) (“HCAC”) and REEcycle Holdings, Inc. (“REEcycle”) today announced the execution of a non-binding Letter of Intent (“LOI”) for a proposed de-SPAC business combination.

The proposed transaction values REEcycle at approximately US$600 million, assuming no redemptions by HCAC public shareholders, with REEcycle existing shareholders expected to roll 100% of their equity into the combined publicly listed entity. The transaction is expected to include a minimum US$50 million PIPE financing at US$10.00 per share, providing committed capital at closing and supporting the execution of REEcycle’s near-term growth strategy.

The transaction comes at a pivotal time for U.S. critical minerals policy. China currently controls an estimated 90% of rare earth separation and processing and ~93% of permanent magnet manufacturing globally.1 In response, the U.S. Government, through Department of Defense and Department of Energy initiatives, has committed billions of dollars to strengthening domestic critical mineral supply chains, including rare earth processing.2 REEcycle has been awarded and is drawing upon US$5.1 million of Defense Production Act funding, supporting the advancement of its domestic rare earth processing capabilities.

REEcycle is advancing a technology-led solution to rare earth supply constraints. Its proprietary recycling process extracts and separates rare earth elements from end-of-life electronics and industrial products, offering a faster, lower-capex and scalable alternative to traditional mining. This approach enables near-term domestic supply while reducing exposure to geopolitical disruption.

The global rare earth market was valued at approximately US$19 billion in 2025 and is projected to reach ~US$36.7 billion by 2034, with recycling expected to grow at an accelerated rate as demand for domestically sourced materials increases.3

REEcycle’s Executive Chairman and largest shareholder is Mick McMullen, a highly respected mining executive with over 30 years of leadership experience across global mining and capital markets. He is best known for his tenure as President and CEO of Detour Gold Corporation, where he grew the company’s market capitalisation from C$2.1 billion to C$4.9 billion in nine months, culminating in its acquisition by Kirkland Lake Gold.4 His investment in REEcycle reflects strong conviction in recycling-led onshoring.

“We are addressing a critical U.S. supply gap with a faster and more capital-efficient solution than traditional mining, scalable across the U.S. and globally. This is both a technology opportunity and a national security priority.”

— Mick McMullen, Executive Chairman, REEcycle Holdings

Hall Chadwick Acquisition Corp. raised US$207 million in its Nasdaq IPO in November 2025 and is focused on transactions in critical minerals and industrial technology sectors.

“REEcycle represents a rare combination of proprietary technology, experienced leadership, and direct alignment with U.S. critical minerals strategy. We see this as a platform capable of becoming a meaningful domestic supplier, and we are excited to bring that opportunity to public investors.”

— Alex Bono, CEO, Hall Chadwick Acquisition Corp.

Exclusivity

The parties have agreed to a 60-day exclusivity period to undertake due diligence and negotiate a definitive Business Combination Agreement.

Non-Binding Letter of Intent

The LOI is non-binding and subject to the execution of definitive agreements, completion of due diligence, required approvals, and customary closing conditions. There can be no assurance that a transaction will be completed.

Important Information

This press release contains forward-looking statements regarding the proposed business combination, including expected structure, financing, timing and benefits. These statements involve risks and uncertainties that could cause actual results to differ materially, including the ability to execute definitive agreements, obtain approvals, satisfy closing conditions and maintain listing status. This press release does not constitute an offer or solicitation of securities. In connection with the proposed transaction, HCAC intends to file a registration statement on Form S-4 with the SEC. Investors are urged to review these materials when available at www.sec.gov. No obligation is undertaken to update forward-looking statements except as required by law.

1 CSIS, “China Rare Earth Restrictions,” 2025.
2 U.S. State Dept., “Critical Minerals Fact Sheet,” 2026.
3 Grand Research Store, “Rare Earth Market Report,” 2025
4 Globe and Mail, “Kirkland–Detour Gold deal,” 2019; Business Wire, “Kirkland Lake Gold acquisition,” 2019.

– Published by The MIL Network

LiveNews: https://livenews.co.nz/2026/04/02/nz-au-hall-chadwick-acquisition-corp-announces-letter-of-intent-with-reecycle-holdings-for-de-spac-business-combination/

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NZ-AU: Paladin Acknowledges Judicial Review Application of EIS Approval

Source: GlobeNewswire (MIL-NZ-AU)

PERTH, Australia, March 30, 2026 (GLOBE NEWSWIRE) — Paladin Energy Ltd (ASX:PDN, TSX:PDN, OTCQX:PALAF) (Paladin or the Company) has been notified that the Métis Nation–Saskatchewan (MN–S) has applied for a judicial review in the Saskatchewan Court of King’s Bench, to challenge the 19 February 2026 decision (Decision) of the Saskatchewan Minister of Environment to approve the Company’s Environmental Impact Statement (EIS) for the Patterson Lake South (PLS) Project1.

Paladin recognises the unique rights, cultures and histories of Indigenous peoples, as well as their distinct interests and concerns. We seek to develop partnerships that promote ongoing communication, relationship building, engagement, and socio-economic benefits for Indigenous communities.

Paladin Canada Inc. (previously known as Fission Uranium Corp.) has been consulting with MN–S regarding the PLS Project for many years. Paladin Canada Inc. has made significant efforts to address all environmental and other issues raised by the MN-S in the course of those consultations.

The MN–S court application is directed to both the Government of Saskatchewan and Paladin Energy Limited. The MN–S application alleges that the Government of Saskatchewan inadequately consulted the MN–S prior to the Decision on the EIS.

The application seeks to set aside the Decision by the Saskatchewan Minister of Environment. It also seeks an interim injunction preventing Paladin from taking action in reliance on the Decision, pending judicial determination of the merits of MN–S’ application.

Paladin denies the claims made in the application and intends to defend its position in this matter.

This announcement has been authorised for release by the Managing Director and CEO of Paladin Energy Ltd.


_____________________________________
1 Refer exchange announcement made 20 February 2026 “EIS Approval for Patterson Lake South Project”.

– Published by The MIL Network

LiveNews: https://livenews.co.nz/2026/03/31/nz-au-paladin-acknowledges-judicial-review-application-of-eis-approval/

Posted on

NZ-AU: Innovation Beverage Group Ltd. Announces Acquisition of Controlling Interest in BlockFuel Energy Inc. and Execution of Amended Merger Agreement

Source: GlobeNewswire (MIL-NZ-AU)

IBG Acquires 51% stake in BlockFuel Energy as business combination nears completion

Once complete, the combined entity will become a rising oil producer and power generation company with near-term production and scalable growth strategy

SYDNEY, March 25, 2026 (GLOBE NEWSWIRE) — Innovation Beverage Group Ltd (“IBG” or the “Company”) (Nasdaq: IBG), an innovative developer, manufacturer, and marketer of a growing beverage portfolio of 60 formulations across 13 alcoholic and non-alcoholic brands, today announced that it has acquired a controlling interest in BlockFuel Energy Inc. (“BFE”), a Texas-based energy corporation. This transaction represents a significant milestone towards the proposed merger between both companies, which they anticipate closing in the coming weeks.

On March 16, 2026, IBG entered into a Share Exchange Agreement with certain shareholders of BFE pursuant to which IBG acquired 127,628 shares of BFE common stock, representing approximately 51% of BFE’s outstanding equity. As consideration for those shares, IBG issued warrants to purchase an aggregate of 3,815,766 ordinary shares of IBG at an exercise price of $0.0001 per share, which are not exercisable until shareholder approval and approval by The Nasdaq Stock Market LLC are obtained. The warrant shares represent 45.9% of the issued and outstanding shares of IBG and will represent 51% of the Merger Consideration payable at the time of the closing of the merger. Upon the consummation of the proposed merger between IBG and BFE, the warrants will be automatically adjusted to an aggregate of 20,643,297 ordinary shares of IBG and will be deemed exercised.

As part of the transaction, IBG also provided BFE with a $2.5 million unsecured loan, which facilitated the repurchase and cancellation of certain outstanding BFE shares. Following the closing of the previously announced merger, this loan will convert into an intercompany balance within the combined organization, further consolidating IBG’s ownership position.

Concurrently, IBG, BFE, and IBG’s wholly owned subsidiary, InnoBev Merger Corp., entered into an Amended and Restated Agreement and Plan of Merger. Upon completion of the proposed merger, BFE will become a wholly owned subsidiary of IBG and BFE equity holders are expected to own approximately 90% of the combined company, with IBG’s existing shareholders owning approximately 10%, subject to customary adjustments and dilution.

Strategic Transformation Nearing Completion

The transaction represents a strategic expansion of IBG into the energy and high-powered computing sectors. BFE focuses on the acquisition and development of oil and gas assets and the conversion of underutilized natural gas into electricity to power high-performance computing operations. BFE operates primarily in the United States, including Oklahoma, and is developing a vertically integrated platform combining energy production, power generation, and data centers.

Upon completion of the merger, the combined company is expected to operate under the BlockFuel Energy name, with IBG’s existing beverage business transitioning into an Australian-based subsidiary led by IBG’s CEO Sahil Beri as President. The new parent company will focus on scaling its U.S. onshore oil and gas operations.

“Completing the acquisition of a controlling interest in BlockFuel Energy advances our strategic transition and brings the merger closer to completion,” said Sahil Beri, Chief Executive Officer of Innovation Beverage Group. “We are positioning IBG for long-term growth by focusing on energy assets with strong fundamentals and near-term production potential, while maintaining our beverage business as a distinct subsidiary.”

“This transaction marks a significant step in building a scalable, U.S.-focused energy platform,” said Daniel Lanskey, Chief Executive Officer of BlockFuel Energy. “With a strengthened capital structure and aligned ownership, we are focused on advancing production and expanding our asset base as we begin operations.”

Building a Scalable U.S. Energy Platform

BlockFuel Energy is focused on the acquisition, development, and operation of oil and gas assets, with current operations primarily located in the United States, including acreage positions in Oklahoma.

The transaction provides IBG with immediate exposure to producing and development-stage energy assets, positioning the Company to pursue near-term revenue generation and long-term asset growth.

Based on preliminary engineering and comparable field deployments, BFE management believes onsite gas-to-power costs could be meaningfully below grid-based power pricing, while avoiding transportation, processing, and third-party power costs.

The acquisition was completed in connection with an amended and restated merger agreement between IBG and BFE. The closing of the full merger remains subject to customary conditions, including regulatory approvals and approval by The Nasdaq Stock Market LLC.

About Innovation Beverage Group Ltd

Innovation Beverage Group is a developer, manufacturer, marketer, exporter, and retailer of a growing beverage portfolio of 60 formulations across 13 alcoholic and non-alcoholic brands for which it owns exclusive manufacturing rights. Focused on premium and super premium brands and market categories where it can disrupt age old brands, IBG’s brands include Australian Bitters, BITTERTALES, Drummerboy Spirits, Twisted Shaker, and more. IBG’s most successful brand to date is Australian Bitters, which is a well-established and favored bitters brand in Australia. Established in 2018, IBG’s headquarters, manufacturing and flavor innovation center are located in Sydney, Australia with a U.S. sales office located in California. For more information visit: https://www.innovationbev.com/.

About BlockFuel Energy

BlockFuel Energy is involved in the acquisition, exploration and development of proven oil fields onshore in North America. BlockFuel Energy combines state-of-the-art power generation with oil and gas exploration to power high-performance data centers. Our vertically integrated concept allows us to use co-location and modular power generation techniques to optimize efficiency and investment returns. Our cutting-edge solutions for energy optimization and extraction will enable us to transform underdeveloped resources into high-margin, scalable, and sustainable revenue streams. For more information visit: https://blockfuelenergy.com/.

Forward Looking Statement

This press release contains “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements regarding the proposed merger between IBG and BlockFuel Energy, anticipated operational milestones, expected production levels, anticipated oil and gas sales, planned financing activities, expected economic benefits of such activities, and the proposed acquisition of additional oil field assets.

Forward-looking statements are typically identified by words such as “expects,” “anticipates,” “plans,” “projects,” “intends,” “believes,” “may,” “will,” “could,” “should,” or similar expressions. These statements are based on current expectations and assumptions and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied. These risks include, among others, the ability of the parties to execute definitive transaction documents, satisfy closing conditions, obtain regulatory and stockholder approvals, commodity price volatility, operational risks, financing risks, , and other risks described in IBG’s filings with the U.S. Securities and Exchange Commission.

Readers are cautioned not to place undue reliance on these forward-looking statements. Neither IBG nor BFE undertakes any obligation to update such statements except as required by law.

Contact:

Innovation Beverage Group Limited
Sahil Beri
CEO
sahil@innovationbev.com
www.innovationbev.com

BlockFuel Energy Inc.
Daniel Lanskey
President and CEO
dan.lanskey@blockfuelenergy.com
www.blockfuelenergy.com

Investor Relations:

KCSA Strategic Communications
Phil Carlson, Managing Director
BlockFuel@KCSA.com

– Published by The MIL Network

LiveNews: https://livenews.co.nz/2026/03/26/nz-au-innovation-beverage-group-ltd-announces-acquisition-of-controlling-interest-in-blockfuel-energy-inc-and-execution-of-amended-merger-agreement/

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NZ-AU: The Middle East: Impact of the U.S.–Israel War on Iran and Challenges for U.S. Expats

Source: GlobeNewswire (MIL-NZ-AU)

Dubai, UAE, March 13, 2026 (GLOBE NEWSWIRE) — Expat US Tax has released an analysis examining how recent geopolitical developments in the Middle East are affecting Americans living and traveling across the region. The review focuses on practical issues that U.S. expats may encounter, including travel disruptions, embassy advisories, and day-to-day logistical challenges as governments monitor security developments.

Impact of the U.S.–Israel War on Iran and Challenges for U.S. Expats

Over the past several weeks, tensions involving the United States, Israel, and Iran have led to heightened security alerts and precautionary measures across parts of the Middle East. Governments in several countries have issued travel advisories, increased security measures around infrastructure and transportation networks, and temporarily adjusted airspace access in response to regional developments.

These changes have had a direct impact on international travel. Airlines operating across the Middle East have modified flight routes or temporarily suspended certain services when airspace restrictions were introduced. In some cases, travelers have experienced delays or cancellations as airlines adjusted operations to maintain safe flight paths.

For Americans living in the region, these developments can affect routine activities such as business travel, family visits, or relocation plans. Large American expatriate communities reside in countries including the United Arab Emirates, Saudi Arabia, Qatar, Israel, and Kuwait, where many work in sectors such as energy, aviation, finance, education, and international business.

Clark Stott, Director at Expat US Tax, said that events affecting regional transportation or embassy operations can have practical implications for Americans living abroad.

“Americans living overseas often manage international travel, cross-border employment, and family commitments in multiple countries,” Stott said. “When regional developments affect transportation or consular services, expatriates may need to adjust travel plans or monitor official government guidance more closely.”

Government agencies have encouraged citizens abroad to stay informed through official advisories and embassy updates. U.S. citizens living overseas may receive updates through embassy communications, travel advisories, and emergency notification systems designed to provide timely information during rapidly evolving situations.

Travel and Embassy Operations

One of the most immediate effects of regional instability is the adjustment of aviation routes and airport operations. Airlines may reroute flights to avoid restricted airspace, while airports can temporarily limit operations if security concerns arise. These changes may result in longer travel times or limited flight availability between international hubs.

Embassy services may also adjust operations during periods of heightened security awareness. While most diplomatic missions continue to provide routine consular services, embassies may issue additional guidance for citizens or temporarily modify staffing levels depending on local conditions.

For Americans abroad, embassy communication channels often serve as an important source of information. Citizens can receive updates regarding local developments, travel advisories, or recommended safety precautions.

Considerations for U.S. Expats

For expatriates living in the Middle East, the most common impacts tend to involve logistical and planning considerations rather than direct security concerns. Travel arrangements, visa timelines, and relocation plans can be affected when airlines modify schedules or when governments introduce temporary travel guidance.

Many expatriates also maintain connections across multiple countries, making regional mobility an important part of daily life. Business travelers, contractors, educators, and international employees may rely on regional flights between Gulf cities, Europe, and Asia. Changes in aviation routes or airport operations can therefore influence professional schedules and personal travel.

In these situations, experts generally recommend monitoring official government advisories and maintaining flexibility in travel planning. Staying informed through embassy updates and airline notifications can help expatriates respond to changing travel conditions.

U.S. Tax Considerations for Americans Abroad

In addition to travel logistics, Americans living overseas continue to manage ongoing financial and tax obligations in the United States. Unlike most countries, the United States taxes its citizens based on citizenship rather than residency. As a result, U.S. citizens living abroad generally remain required to file annual U.S. tax returns if their income exceeds certain thresholds.

For expatriates who move between countries or adjust employment arrangements due to regional developments, maintaining accurate financial records can be especially important. Changes in residency, employment contracts, or income sources may affect how certain tax provisions apply.

Clark Stott noted that geopolitical developments sometimes highlight the complexity of financial planning for Americans abroad.

“Even during periods of regional uncertainty, U.S. tax filing requirements continue to apply,” Stott said. “For expatriates who relocate, change employment, or move between countries, maintaining organized financial records and understanding filing obligations can help avoid compliance issues later.”

U.S. expats may also rely on provisions such as the Foreign Earned Income Exclusion and foreign tax credits, which are designed to help reduce double taxation for Americans working overseas.

Looking Ahead

While governments and international organizations continue to monitor developments across the Middle East, many analysts note that travel conditions and security advisories can evolve quickly during periods of geopolitical tension.

For Americans living abroad, access to accurate information and reliable guidance remains important. Monitoring embassy communications, staying informed about travel advisories, and maintaining awareness of administrative obligations can help expatriates navigate changing conditions while continuing their work and daily life overseas.

About Expat US Tax

Expat US Tax is an advisory firm that assists U.S. citizens living abroad with tax compliance, planning, and reporting obligations. The firm provides tax preparation and advisory services to Americans residing in more than 190 countries, helping expatriates navigate the complexities of U.S. citizenship-based taxation.

Press Inquiries

Clark Stott
info@expatustax.com
https://www.expatustax.com/

– Published by The MIL Network

LiveNews: https://livenews.co.nz/2026/03/14/nz-au-the-middle-east-impact-of-the-u-s-israel-war-on-iran-and-challenges-for-u-s-expats/

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NZ-AU: Innovative Aluminium And Glass Expands Custom Aluminium Window and Door Installation Services in Sydney

Source: GlobeNewswire (MIL-NZ-AU)

Villawood, NSW, March 13, 2026 (GLOBE NEWSWIRE) —

Innovative Aluminium And Glass announces the expansion of its custom fabrication and installation services for aluminium windows and doors across the Sydney metropolitan area.

Based in Villawood, the company manufactures and supplies a variety of glass and aluminium solutions for residential and commercial properties. All products are built to meet the technical standards of the Housing Industry Association (HIA), the Australian Glass and Window Association (AGWA), and the Master Builders Association guidelines during on-site installation work to maintain structural integrity and safety. The company’s recent expansion highlights its commitment to helping home and business owners elevate the aesthetics of their spaces with stress-free window and door installations.

“All the products are created as per your needs and we guarantee customer satisfaction each time,” said Joe Ghaddar, owner of Innovative Aluminium And Glass. “This is achieved by following the HIA, AGWA, and Master Builders Association standards.”

From residential installations to large-scale commercial projects, Innovative Aluminium And Glass provides end-to-end manufacturing and fitting services. Key advantages include:

Custom Door Configurations

The company builds modern aluminium bifold doors, French doors, and sliding systems tailored to specific wall openings. These units use heavy-duty tracks and hardware to support large glass panels, creating wide openings for indoor-outdoor transitions in residential homes.

Specialised Window Styles

Installations include energy-efficient aluminium windows available in double-hung, louvre, awning, and sliding configurations. Each frame undergoes precision cutting and assembly at the Villawood facility to ensure airtight seals against wind and rain, improving building performance.

Commercial Glass Solutions

The team installs commercial aluminium windows and doors for retail storefronts, office buildings, and industrial facilities across Sydney, using reinforced frames and specialized glass to withstand high traffic volumes while meeting local building safety codes and requirements.

Double Glazing Options

Catering to both residential and commercial clients in both the Sydney and Canberra regions, the company supplies a reliable range of dual-pane glass units for both windows and doors to increase thermal insulation and reduce external noise levels inside the property.

Sliding System Engineering

Innovative Aluminium And Glass offers a selection of frames in multiple powder-coated finishes, allowing property owners to match the hardware to their existing architectural color schemes. The precision-engineered aluminium sliding door systems feature smooth-gliding rollers and secure locking mechanisms for ease of use and property protection.

Direct Manufacturing Model

By manufacturing products in-house, the company controls the entire production cycle from raw material selection to the final installation. This direct manufacturing model enables Innovative Aluminium And Glass to offer custom sizing for non-standard openings and ensures oversight of frame durability and glass quality.

Innovative Aluminium And Glass invites property owners to visit its website to request a free quote for window and door services today.

About Innovative Aluminium And Glass

Innovative Aluminium And Glass is a window and door specialist based in Villawood, NSW. The company serves the Sydney metropolitan area by providing custom-built frames for various property types. From initial design and manufacturing to final on-site fitting, Innovative Aluminium And Glass manages the full lifecycle of product development to ensure all installations meet local safety requirements and client specifications.

More Information

To learn more about Innovative Aluminium And Glass and the expansion of its aluminium window and door solutions in Sydney, please visit the website at https://aluminiumwindowsanddoors.net.au/.

FREQUENTLY ASKED QUESTIONS

Q1: What is the new expansion from Innovative Aluminium And Glass in Sydney?

A: Innovative Aluminium And Glass has announced the expansion of its custom fabrication and installation services for aluminium windows and doors across the Sydney metropolitan area. This expansion focuses on providing end-to-end manufacturing for residential and commercial projects, including specialized bifold doors, sliding systems, and energy-efficient window configurations produced at their Villawood facility.

Q2: Who is Innovative Aluminium And Glass and what are their credentials?

A: Innovative Aluminium And Glass is a premier window and door specialist based in Villawood, NSW, serving the Sydney and Canberra regions. Under the leadership of owner Joe Ghaddar, the company manufactures products that meet the rigorous technical standards of the Housing Industry Association (HIA), the Australian Glass and Window Association (AGWA), and the Master Builders Association.

Q3: What custom aluminium and glass products does the company offer?

A: The company provides a wide range of custom-built solutions including modern aluminium bifold doors, French doors, and precision-engineered sliding systems. Their window lineup features double-hung, louvre, awning, and sliding styles, with specialized double glazing options available to improve thermal insulation and reduce external noise levels for both homes and businesses.

Q4: How does Innovative Aluminium And Glass handle commercial and residential installations?

A: The company utilizes a direct manufacturing model to manage the full product lifecycle from raw material selection to final on-site fitting. For residential clients, they focus on indoor-outdoor transitions and aesthetic hardware, while commercial services include reinforced frames and specialized glass for high-traffic retail storefronts and office buildings that must meet local safety codes.

Q5: How can I get a quote for aluminium window or door installation in Sydney?

A: Property owners can request a free, no-obligation quote by visiting the official website at aluminiumwindowsanddoors.net.au or by calling 1800 679 661. Innovative Aluminium And Glass provides custom sizing for non-standard openings and manages the entire design and installation process to ensure customer satisfaction and structural integrity.

https://thenewsfront.com/innovative-aluminium-and-glass-expands-custom-aluminium-window-and-door-installation-services-in-sydney/

– Published by The MIL Network

LiveNews: https://livenews.co.nz/2026/03/14/nz-au-innovative-aluminium-and-glass-expands-custom-aluminium-window-and-door-installation-services-in-sydney/

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NZ-AU: Biotech health company SRW Laboratories signs Paula Bennett as brand ambassador

Source: GlobeNewswire (MIL-NZ-AU)

AUCKLAND, New Zealand, Sept. 15, 2021 (GLOBE NEWSWIRE) — Innovative biotechnology company SRW Laboratories has engaged former Deputy Prime Minister Paula Bennett as brand ambassador to promote the company’s leading-edge range of health supplements. SRW recently launched with a range of supplements formulated to target cellular function and support healthy aging.

Known for her wit, media savvy and stylish fashion sense, making New Zealand’s best dressed list in 2020, Paula Bennett is also known for overcoming significant health challenges. The combination of these factors makes her a perfect fit for SRW which aims to help people adopt a new approach to healthy aging. 

Bennett held 14 portfolios during her political career, rising to become Deputy Prime Minister. She has recently returned to public attention as host of the successful new TV show ‘Give Us a Clue’, hosting alongside comedian Tom Sainsbury and renowned journalist Hilary Barry.

During her time in government, Paula Bennett was best known for leading social welfare reforms as Minister of Social Development (MSD) in New Zealand. Bennett’s concerns surrounded the aging population and the increasing number of people on welfare. Her stance encouraged people to lead independent, healthy lives focusing on their wellbeing. After 15 years in her political career, Paula Bennett acknowledges the importance of a healthy lifestyle in helping to mitigate the issue of the aging population and national health.

Following her own quest to be healthier and more energetic, Bennett identifies with the goal of SRW to lengthen healthspan – the length in a person’s life that they are in good health. An active family and professional life give her great reason to maintain health and energy levels:

“I actually embrace aging and want to be around for longer, but I’m not an expert and I’m not a scientist, so like anyone else I started going to the experts and listening to them. And that’s what led me to SRW.”

Founder of SRW Laboratories, biotechnologist Greg Macpherson is excited about the relationship:

“We are thrilled to have Paula onboard. I greatly admire her personal and professional achievements and she ticks many boxes for SRW. We are a proud New Zealand business and looking expand globally, so we sought someone with international notability, style and intelligence, that reflects the energy we want our customers to aspire to.”

Read more: https://scienceresearchwellness.com/blogs/news/srw-laboratories-announces-paula-bennett-as-its-brand-ambassador

Media Contact:

Daniel Kim

+64272340130

danielkim@srw.co

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a0ad7bda-e490-4cfe-8460-176215433694

 

– Published by The MIL Network

LiveNews: https://livenews.co.nz/2026/03/11/nz-au-biotech-health-company-srw-laboratories-signs-paula-bennett-as-brand-ambassador/

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NZ-AU: SFIO closes $5-M series of global distribution partnerships for premium beverages and New Zealand Manuka honey

Source: GlobeNewswire (MIL-NZ-AU)

NEW YORK, Dec. 02, 2021 (GLOBE NEWSWIRE) — Global asset management company Starfleet Innotech, Inc. (OTC: SFIO-Smokefree Innotec, Inc.) entered into a partnership last month with food ingredients supplier Annapolis Co., Ltd., granting SFIO distribution rights over a suite of products under their premium beverage solutions brand LongBeach. This is the latest in a series of agreements the asset company has signed, following a similar arrangement with SFIO’s New Zealand-based subsidiary Gorgeous Coffee Co. Altogether, these partnerships are projected to launch SFIO towards their $100 million revenue target by the end of 2022.

With this latest partnership, Thailand’s leading premium ingredients supplier for beverages and bakeries, Annapolis Co., Ltd. will see its LongBeach brand premium purees, syrups, sauces, powders, and teas sold across SFIO’s sprawling food service network in Australia and New Zealand.

According to the latest data from Statista, despite the ongoing pandemic, Australia and New Zealand’s cafes, restaurants, and takeaway food services together present a roughly $36 billion market, which is expected to grow steadily over the next few years. Beginning January 2022, SFIO will be the sole distributor of LongBeach products across these two markets’ thriving food service industries. The company expects this deal alone to bring in up to $5 million in additional revenue for SFIO’s food and beverage division.

Earlier this year, SFIO established a global expansion roadmap for their fully-owned subsidiary Gorgeous Coffee Co. that would see New Zealand Manuka honey and a premium health brand of 5-in-1 Instant Coffee reaching US shelves as early as next year.

New Zealand’s Manuka honey, considered the best in the world, is a highly valued, energy-boosting superfood boasting a distinct earthy flavor and health benefits such as antioxidants, probiotics, and antibacterial support. The honey is graded according to a global potency scale called the Unique Manuka Factor, or UMF. Coming January 2022, SFIO will be distributing Manuka honey variants including UMF 5+, UMF 10+, UMF 15+, and UMF 20+.

Revenues from this arrangement are expected to reach $1 million by the end of 2022. Samples of the Manuka honey products have already been shipped to the United States and parts of the United Arab Emirates, with SFIO currently working on sending more to other countries across Asia.

Similarly, Gorgeous Coffee Co.’s 5-in-1 Instant Coffee will be exported across the United States, Australia, and Asia, including the United Arab Emirates. The product is a healthful mix of premium Arabica coffee, Manuka honey, barley grass, non-dairy MCT creamer, and Stevia. In addition to the benefits of Manuka honey, the instant coffee mix claims to aid in digestion, reduce inflammation, and boost immunity thanks to its barley components. Followers of the popular keto diet will also appreciate the instant coffee’s MCT creamer, an easy-to-digest alternative to traditional dairy.

The instant coffee product is expected to bring in at least $2 million in additional revenue for SFIO. Samples have already been sent to potential partners in the United States.

These partnerships play into the asset management company’s long-term ecosystem strategy, which prioritizes high-value synergies across its growing portfolio of companies. Leveraging the expanding footprint of its food and beverage businesses, including flagship franchise business Epiphany Cafe, these products will be rapidly stocking shelves across the globe as early as the first quarter of next year.

For media enquiries, please contact:
Craymond Yeong, PR & Marketing Specialist
Epiphany Café
Phone: (+64) 21 0833 2966
Email: info@sfio.co.nz

About Starfleet Innotech, Inc.
Starfleet Innotech, Inc. (OTC: SFIO-Smokefree Innotec, Inc.) is an asset management company focused on innovation through disruptive collaborations across its three key industries: Food and Beverage (F&B), Real Estate, and Technology. With a strong presence across New Zealand, Australia, and the Philippines, as well as a roadmap for further global expansion, SFIO makes strategic investments in high-growth businesses, building synergies across its diverse portfolio to provide maximum shareholder value. Guided by tradition, driven by innovation, and enabled by collaboration — SFIO is on a hyper-growth path to build a thriving business ecosystem, with plans to uplist onto a major stock exchange in the near future.

About Annapolis Co., Ltd.
Annapolis Company Limited and Food Gravity Company Limited (Annapolis Co., Ltd.) is Thailand’s leading premium ingredients supplier for beverages and bakeries. With two in-house brands, LongBeach Syrup and KAWAMI Premium Tea, their products can be found across major East and Southeast Asian markets.

– Published by The MIL Network

LiveNews: https://livenews.co.nz/2026/03/11/nz-au-sfio-closes-5-m-series-of-global-distribution-partnerships-for-premium-beverages-and-new-zealand-manuka-honey/

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NZ-AU: Minim Martap Project Update

Source: GlobeNewswire (MIL-NZ-AU)

Highlights

  • Construction work ongoing on ore haulage access road, IRF and site access
  • Locomotives delivery remains on schedule in first quarter 2026
  • Mining contractor has visited site confirming mobilisation schedule with mine development to commence in first quarter 2026
  • Project development timeline remains unchanged
  • Project fully financed to Stage 1 production
  • Incumbent President Paul Biya has been officially re-elected as the President of Cameroon

PERTH, Australia, Nov. 06, 2025 (GLOBE NEWSWIRE) — Canyon Resources Limited (ASX: CAY) (‘Canyon’ or the ‘Company’) is pleased to provide a project update for its Minim Martap bauxite project (‘Minim Martap’ or ‘the Project’) in Cameroon, following the confirmation of President Paul Biya’s re-election.

Despite reports of unrest in several Cameroon cities in the immediate aftermath of the election, Canyon has continued to progress its development of the Minim Martap project with minor delays to construction work in key areas.

Upgrades to the Minim Martap haulage road including access to the Daniel Plateau, access to the IRF and by-pass construction is ongoing and whilst some delays have been experienced, works remain on track for completion in Q1, 2026.

Locomotives ordered recently from CRRC Ziyan Co. Ltd1 are being built in China and are on schedule to be delivered to Canyon in the first quarter of next year. Similarly, the rail wagons delivery is also scheduled for Q1, 2026 in line with the forecast first shipment of bauxite ore in Q2, 2026.

The mining contractor appointed to the Minim Martap Project has visited the site and has confirmed it will be in position to commence mining operations in the Q1 2026.

Importantly, with first bauxite shipment scheduled for Q2, 2026, Minim Martap remains fully financed to Stage 1 production, by a combination of both debt and equity facilities. Funding comprises the previously announced ~US$140M facility from AFG Bank Cameroon2 and the recent A$35.6M equity raise3 in September 2025 which saw 56.5% shareholder, Eagle Eye Assets (“EEA”), also commit to exercising approximately 137 million options to raise an additional A$10M.

Tranche 2 of the equity raise, comprising a placement of A$100M to EEA and a A$70M placement to CEMAC investors being undertaken by Afriland Bourse & Investissement (“Afriland”), remains conditional on shareholder approval. In addition, the AfriLand tranche requires approval from the Banque des États de l’Afrique Centrale, the central bank for the Central African Economic and Monetary Community, the Commission de Surveillance du marché financier de l’Afrique Centrale, the market regulator for the Central African Economic and Monetary Community and the Government of Cameroon, which is still ongoing. The Annual General Meeting is to be held on the 25th of November 2025.

Commenting on project funding, EEA stated: “We look forward to maintaining our strong partnership with Canyon as it continues to advance key project milestones in the near term and to completing the next phase of A$100M of equity funding under Tranche 2.”

Canyon Chief Executive Officer Peter Secker commented: “Following the recent presidential election in Cameroon, work on the Company’s Minim Martap project has continued without any significant disruptions and we remain on schedule for the first bauxite shipment from Minim Martap to be completed in Q2 of next year.

Canyon is well funded following the recent capital raisings, which allowed us to secure commitment of key long lead items such as locomotives and wagons, which will be delivered on time in the first quarter of 2026. 

This announcement has been approved for release by Canyon’s Board of Directors.


Forward looking statements
 This announcement contains “forward-looking statements” and “forward-looking information”, such as statements and forecasts which include (without limitation) financial forecasts, production targets, industry and trend projections, statements about the feasibility of the Project and its financial outcomes (including pursuant to the DFS), future strategies, results and outlook of Canyon and the opportunities available to Canyon. Often, but not always, forward-looking statements and information can be identified by the use of words such as “plans”, “expects”, “is expected”, “is expecting”, “budget”, ‘outlook”, “scheduled”, “target”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes”, or variations (including negative variations) of such words and phrases, or state that certain actions, events or results “may”, “could”, “would”, “might”, or “will” be taken, occur or be achieved. Such information is based on assumptions and judgments of Canyon regarding future events and results. Readers are cautioned that forward-looking statements and information involve known and unknown risks, uncertainties and other factors which may cause the actual results, targets, performance or achievements of Canyon to be materially different from any future results, targets, performance or achievements expressed or implied by the forward-looking statements and information.

Forward-looking statements and information are not guarantees of future performance and involve known and unknown risks, uncertainties, sensitivities, contingencies, assumptions and other important factors, many of which are beyond the control of Canyon and its directors and management. Past performance is not a guide to future performance. Key risk factors (including as associated with the DFS) are detailed (non-exhaustively) in this announcement or in Canyon’s previous ASX announcements). These and other factors (such as risk factors that are currently unknown) could cause actual results, targets, performance or achievements anticipated (including in the DFS) to differ materially from those expressed in forward-looking statements and information.

Forward-looking statements and information (including Canyon’s belief that it has a reasonable basis to expect it will be able to fund the costs of the Project for its estimated life of mine) are (further to the above) based on the reasonable assumptions, estimates, analysis and opinions of Canyon made in light of its perception of trends, current conditions and expected developments, as well as other factors that Canyon believes to be relevant and reasonable in the circumstances at the date such statements are made, but which may prove to be incorrect. Although Canyon believes that the assumptions and expectations reflected in such forward-looking statements and information (including as described throughout this announcement) are reasonable, readers are cautioned that this is not exhaustive of all factors which may impact on the forward-looking statements and information. Canyon does not undertake to update any forward-looking statements or information, except in accordance with applicable securities laws.

Investors should note that there is no certainty that the Project will be feasible and there can be no assurance of whether it will be developed, constructed and commence operations, whether the DFS results will be accurate, whether production targets will be achieved or whether Canyon will be able to raise funding when it is required (nor any certainty as to the form such capital raising may take, such as equity, debt, hybrid and/or other capital raising). It is also possible that such funding may only be available on terms that dilute or otherwise affect the value of Canyon’s shares. It is also possible that Canyon could pursue other ‘value realisation’ strategies such as sale, partial sale, or joint venture of the Project. Risk factors which are set out (non-exhaustively) in this announcement, or in Canyon’s previous ASX announcements, highlight key factors identified by Canyon which may cause actual results to differ from the DFS or may otherwise have material detrimental impacts on Canyon and its business.  

Mineral Resources and Ore Reserves
This announcement contains estimates of the Mineral Resources and Ore Reserves estimated for the Project. This information in this announcement that relates to those Mineral Resources and Ore Reserves has been extracted from Canyon’s accompanying ASX announcement entitled “Definitive Feasibility Study Results and Reserves Upgrade Confirms Minim Martap as a Tier-One Bauxite Operation” dated 1 September 2025, a copy of which is available at www.asx.com.au. Canyon confirms that it is not aware of any new information or data that materially affects the information included in that announcement and, in relation to the estimates of Mineral Resources and Ore Reserves, confirms that all material assumptions and technical parameters underpinning the estimates in that announcement continue to apply and have not materially changed. The Competent Person for the Mineral Resources estimate in the announcement was Mr. Rodney Brown and the Competent Persons for the Ore Reserve estimate in the announcement was Mr. Donald Eld.

1 Refer to ASX announcement dated 26 June 2025
2 Refer to ASX announcement dated 26 May 2025
3 Refer to ASX announcement dated 25 September 2025

– Published by The MIL Network

LiveNews: https://livenews.co.nz/2026/03/11/nz-au-minim-martap-project-update/

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NZ-AU: Clean Group Achieves Top Commercial Cleaning Recognition in Sydney Through Triple ISO Certification and Eco-Friendly Practices

Source: GlobeNewswire (MIL-NZ-AU)

SYDNEY, NSW, March 04, 2026 (GLOBE NEWSWIRE) — SYDNEY, NSW – March 04, 2026 – –

Clean Group Commercial Cleaning has been recognized as Sydney’s leading commercial cleaning provider for 2026 by Kinross Research, marking a significant milestone for the family-owned company that has served the Greater Sydney area for over 25 years. The recognition highlights the company’s commitment to environmental sustainability through 100 percent eco-friendly practices and triple ISO certifications.

The distinction comes as businesses across Sydney increasingly prioritize health, sustainability, and regulatory compliance in their operational decisions. Clean Group’s innovative approach combines non-toxic, GECA-certified products with advanced waste management protocols, enabling clients to achieve NABERS sustainability ratings while maintaining pristine workplace environments.

“This recognition validates our long-standing commitment to transforming commercial spaces into healthier, greener environments,” said Stephen Matthews of Clean Group. “Our triple ISO certifications and dedication to eco-friendly practices demonstrate that businesses don’t have to compromise between exceptional cleanliness and environmental responsibility.”

The company’s comprehensive service portfolio spans multiple sectors, including corporate offices, healthcare facilities, educational institutions, strata buildings, warehouses, and places of worship. Each cleaning program is tailored to meet specific industry requirements while adhering to stringent environmental and safety standards.

Clean Group commercial cleaning in Sydney has evolved significantly in response to post-pandemic hygiene requirements. The company has implemented enhanced protocols that address current health concerns while maintaining its commitment to using only non-toxic cleaning products. This approach has proven particularly valuable for sensitive environments such as childcare centers, medical facilities, and NDIS participant spaces.

The recognition from Kinross Research evaluated multiple factors, including customer satisfaction ratings, environmental practices, service quality, and operational excellence. Clean Group’s 4.9-star rating on major review platforms and consistent client feedback regarding attention to detail, timeliness, and professionalism contributed to the top ranking.

“What sets us apart is our ability to deliver spotless results without lock-in contracts or operational disruptions,” Matthews explained. “Our flexible approach allows businesses to maintain the highest cleanliness standards while focusing on their core operations.”

The company’s green cleaning methodology extends beyond product selection to encompass comprehensive environmental strategies. These include water conservation techniques, energy-efficient equipment, and waste reduction protocols that align with corporate sustainability goals. This holistic approach helps clients meet their environmental commitments while maintaining healthy indoor air quality.

Clean Group in Sydney continues to invest in advanced cleaning technologies and equipment designed to enhance efficiency and effectiveness. The company’s ISO-certified procedures ensure consistent service delivery across all client locations, from small professional offices to large industrial warehouses.

The family-owned business has built its reputation on reliability and quality over more than two decades of operation. Its services include specialized offerings such as after-builders cleaning, carpet cleaning, window cleaning, and comprehensive spring cleaning programs. Each service maintains the same commitment to environmental safety and exceptional results that earned the company its recent recognition.

Clean Group Commercial Cleaning operates throughout the Greater Sydney metropolitan area, providing customized cleaning solutions for businesses of all sizes. The company’s expertise spans routine maintenance cleaning, deep sanitization services, and specialized industry-specific cleaning requirements.

###

For more information about Clean Group Commercial Cleaning, contact the company here:

Clean Group Commercial Cleaning
Stephen Matthews
+61291607469
sales@clean-group.com.au
1b L1/299 Elizabeth St
Sydney NSW 2000, Australia

– Published by The MIL Network

LiveNews: https://livenews.co.nz/2026/03/05/nz-au-clean-group-achieves-top-commercial-cleaning-recognition-in-sydney-through-triple-iso-certification-and-eco-friendly-practices/

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NZ-AU: DENZA Opens First South Australian Showroom in Adelaide

Source: GlobeNewswire (MIL-NZ-AU)

ADELAIDE, Australia, Feb. 26, 2026 (GLOBE NEWSWIRE) — On 13 February 2026, DENZA officially opened its first showroom in South Australia, marking another step in the brand’s expansion across Australia. The launch in Adelaide signals the continued growth of the premium new energy brand and the increasing global presence of Chinese intelligent manufacturing.

More than 150 guests attended the opening ceremony, including representatives from government, business and media, along with DENZA VIP customers. Guests included Wing You, General Manager of BYD Australia and New Zealand; Brian Jia, Deputy General Manager of BYD Australia and New Zealand; Mark Harland, Chief Operating Officer of DENZA Australia and New Zealand; Robert Milne, Regional Manager of DENZA Australia and New Zealand; Judy Sun, Country Representative of Harmony Auto Australia and New Zealand; Daniel Fang, Deputy Country Representative of Harmony Auto Australia and New Zealand; and Max Chapman, the Dealer Principal at Harmony DENZA Australia.

Following DENZA’s official entry into Sydney, Melbourne, Brisbane and Perth on 10 December 2025, the opening of DENZA Adelaide represents the next step in the brand’s Australian journey. Operated by Harmony Auto, the Adelaide showroom is its first location in South Australia. Guided by a long-term vision and a customer-first philosophy, DENZA Adelaide is committed to delivering a premium ownership experience to local drivers. Combining advanced technology with refined luxury, DENZA continues to expand its footprint across Australia, bringing high-quality, intelligent electric vehicles to South Australian consumers while strengthening the global presence of premium Chinese new energy brands.

During the ceremony, Max Chapman welcomed guests and acknowledged Adelaide’s first DENZA B5 owner and his family, while Mark Harland, Chief Operating Officer of DENZA Australia and New Zealand, thanked Harmony Auto for its support in the brand’s international expansion.

A ceremonial vehicle handover was also held during the event. Wing You presented the keys to Rod Ventura, Adelaide’s first DENZA owner, and his family. The moment symbolised the trust between brand and customer, and marked the beginning of a new chapter in intelligent, safe and sustainable mobility for more Australian families.

Located in one of Adelaide’s prominent inner-city precincts, the DENZA Adelaide showroom blends contemporary design with local cultural inspiration. The space integrates artistic aesthetics with advanced automotive technology, creating a refined environment for customers to explore the brand’s vehicles and services. The showroom is scheduled for its official grand opening in March, with the wider community warmly invited to attend.

As the economic and cultural centre of South Australia, Adelaide is home to a steadily growing premium consumer market, alongside increasing demand for new energy vehicles. The launch of DENZA Adelaide further strengthens the brand’s Australian network and introduces a new benchmark for premium electric mobility in the region.

Looking ahead, DENZA will continue to position Adelaide as a strategic hub to deepen its presence in Australia, promote intelligent and sustainable mobility, and work alongside local partners to shape the future of premium new energy transportation.

DENZA

Andrea Chai

denzaservice.mo@byd.com

https://www.denza.com/

Photos:
https://www.globenewswire.com/NewsRoom/AttachmentNg/03f75afb-5b1b-4647-8b00-ddb01960b847
https://www.globenewswire.com/NewsRoom/AttachmentNg/c3c69066-06eb-4f7d-a1d4-9393f085aafe
https://www.globenewswire.com/NewsRoom/AttachmentNg/9a657495-e797-44de-a2f6-29b0ba796c9b

– Published by The MIL Network

LiveNews: https://livenews.co.nz/2026/02/26/nz-au-denza-opens-first-south-australian-showroom-in-adelaide/

Posted on

NZ-AU: EIS Approval for Patterson Lake South Project

Source: GlobeNewswire (MIL-NZ-AU)

PERTH, Australia, Feb. 19, 2026 (GLOBE NEWSWIRE) — Paladin Energy Ltd (ASX:PDN, TSX:PDN, OTCQX:PALAF) (Paladin or the Company) announces it has received Ministerial approval for the Company’s Environmental Impact Statement (EIS) under The Environmental Assessment Act (Saskatchewan) for the development of its Patterson Lake South (PLS) Project, located in the Athabasca Basin, Canada.

The Saskatchewan Minister of Environment has formally approved the Company’s EIS for the shallow, high grade PLS Project. The approval follows technical acceptance of the document in June 2025 and an extensive public review period from July to September this year.

The Environmental Assessment approval is an important regulatory milestone for the PLS Project and a prerequisite for permits and licences issued by provincial and federal authorities leading to construction and operation.

Paladin continues to work closely with the Canadian Nuclear Safety Commission (CNSC) to progress the PLS Project within its licensing process at the federal level. Paladin is advancing the technical detail needed to support the application for a construction licence submitted to the CNSC.

Saskatchewan Premier Scott Moe said: “We welcome the continuing focus by Paladin in progressing the development of the PLS Project in a sustainable and safe way to benefit the people and communities of Saskatchewan. Our province continues to be a leader in all aspects of uranium production and the Environmental Approval will assist this project to move forward and further enhance our world-class energy sector.”

“The Patterson Lake South (PLS) Project supports the province’s Growth Plan and Saskatchewan’s role as an energy supplier. I am pleased to see this project moving forward with strong environmental safeguards” Minister of Environment Darlene Rowden said. “The environmental and sustainability aspects of the PLS Project have been subject to our robust Environmental Assessment process including scrutiny of our review panel of subject matter experts and having undergone considerable public and indigenous consultation. I commend Paladin on its approach to the approval process and congratulate their team on achieving this important milestone in their development.” 

Paladin Managing Director and Chief Executive Officer, Paul Hemburrow said: “Paladin is delighted that the Minister, the Saskatchewan Government and its environmental regulatory agency have formally recognised that our approach to delivering a sustainable and safe development at the PLS Project is both environmentally and socially appropriate and achievable. The PLS Project is an economically and strategically important development within Canada and we will continue to progress the construction licencing process with the CNSC.”

This announcement has been authorised for release by the Board of Directors of Paladin Energy Ltd.

– Published by The MIL Network

LiveNews: https://livenews.co.nz/2026/02/20/nz-au-eis-approval-for-patterson-lake-south-project/

Posted on

NZ-AU: U.S. Department of Commerce Increases Duties on Chinese Battery-Grade Graphite to 160%+ in Final Determinations

Source: GlobeNewswire (MIL-NZ-AU)

CHATTANOOGA, Tenn., Feb. 12, 2026 (GLOBE NEWSWIRE) — NOVONIX Limited (NASDAQ: NVX, ASX: NVX) (“NOVONIX” or the “Company”), today acknowledged the U.S. Department of Commerce’s (“Commerce”) final determinations in the antidumping and countervailing duty investigations covering anode active materials (“AAM”) imported into the U.S. from China. The total amount of the tariffs applicable to AAM imported from China will be at least 160%, subject to a final affirmative determination by the U.S. International Trade Commission (“ITC”) that the U.S. AAM industry has been materially impeded because of Chinese AAM imports. The ITC’s final determination is expected in March 2026.

Highlights
Subject to the ITC’s final determination on material impediment:

  • An antidumping duty of 93.5% will be imposed on AAM imports from China from specified companies and a duty of 102.72% will be imposed China-wide on all other exporters
  • A countervailing duty of 66.82% to 66.86% will be imposed on all AAM imports from China producers
  • These duties will remain in effect unless revoked and will be reviewed every five years

“These determinations represent a meaningful step toward restoring fair competition in the U.S. anode materials market,” said Mike O’Kronley, CEO of NOVONIX. “By addressing longstanding trade distortions, these measures strengthen the foundation for domestic production of critical battery materials, accelerate investment in U.S. manufacturing, and support the creation of high-quality advanced manufacturing jobs. We believe this materially enhances NOVONIX’s competitive position as we continue scaling synthetic graphite production in North America.”

The duties apply broadly to anode-graphite materials, as defined by Commerce, including synthetic and natural graphite products, whether coated or uncoated, and blended materials used in lithium-ion battery applications.

The previously imposed 25% tariff under Section 301 of the Trade Act of 1974 and 20% tariff under the International Emergency Economic Powers Act (“IEEPA”) on AAM imports from China remain in effect. The legal validity of the IEEPA tariffs is currently under review by the U.S. Supreme Court.

NOVONIX supports the transparent and rules-based enforcement of U.S. trade laws and believes these determinations represent an important step in promoting fair competition, strengthening domestic battery supply chains, and encouraging long-term capital investment in advanced manufacturing in the United States.

With the most advanced synthetic graphite production capability in North America, NOVONIX is strategically positioned to support customers seeking secure, domestically produced anode materials. The Company continues to execute on its strategy to expand high-performance synthetic graphite production in the United States, reinforcing supply chain resilience, U.S. energy security, and long-term manufacturing competitiveness.

Additional information regarding the determinations is available through the U.S. Department of Commerce’s Enforcement and Compliance records.

This announcement has been authorized for release by NOVONIX Chairman,
Mr. Ron Edmonds.

About NOVONIX
NOVONIX strives to reduce supply chain risk, support U.S. energy independence, and establish a resilient battery materials supply chain. The company is building a North American platform for critical battery materials—anchored by its Chattanooga, Tennessee headquarters and anode materials operations, expanding through its patented all-dry, precursor-free cathode synthesis technology, and supported by industry-leading battery cell testing and R&D services.
Together, these capabilities position NOVONIX as an integrated supplier of advanced battery materials and technologies powering the energy storage and electrification economy.

To learn more, visit us at www.novonixgroup.com or on LinkedIn and X.

For NOVONIX Limited
Investors: ir@novonixgroup.com
Media: media@novonixgroup.com

Cautionary Note Regarding Forward-Looking Statements

This communication contains forward-looking statements about the Company and the industry in which it operates. Forward-looking statements can generally be identified by use of words such as “anticipate,” “believe,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” or “would,” or other similar expressions. Examples of forward-looking statements in this communication include, among others, statements made regarding the creation and development of new technology, anticipated production capacity at its facilities, anticipated customer demand, the impacts of economic uncertainty, tariffs, and other legislation on our timely achievement of targets and customer milestones, our ability to obtain or maintain and benefit from additional government funding and other support, our expectations of the benefit of the antidumping and countervailing duty determinations, tariffs imposed on China and other countries, improving and growing battery testing equipment and research and development services business, continued investment in and efforts to commercialize the cathode synthesis technology, and efforts to help localize the battery supply chain for critical materials and play a leading role in the transition to cleaner energy solutions.

The Company has based such statements on current expectations and projections about future events and trends that it believes may affect its financial condition, results of operations, business strategy and financial needs. Such forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which may cause actual results, performance, or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, the timely deployment and scaling of its furnace technology, ability to meet the technical specifications and demand of existing and future customers, the accuracy of estimates regarding market size, expenses, future revenue, capital requirements, needs and access for additional financing, the availability and impact and compliance with the applicable terms of government funding and other support, ability to obtain patent rights effective to protect its technologies and processes and successfully defend any challenges to such rights and prevent others from commercializing such technologies and processes, and regulatory and economic developments in the United States, Australia, and other jurisdictions. These and other factors that could affect its business and results are included in its filings with the U.S. Securities and Exchange Commission (“SEC”), including the Company’s most recent annual report on Form 20-F. Copies of these filings may be obtained by visiting the Company’s Investor Relations website at www.novonixgroup.com or the SEC’s website at www.sec.gov.

Forward-looking statements are not guarantees of future performance or outcomes, and actual performance and outcomes may differ materially from those made in or suggested by the forward-looking statements contained in this communication. Accordingly, you should not place undue reliance on forward-looking statements. Any forward-looking statement in this communication is based only on information currently available to us and speaks only as of the date on which it is made. The Company undertakes no obligation to update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise, except as required by law.

– Published by The MIL Network

LiveNews: https://livenews.co.nz/2026/02/13/nz-au-u-s-department-of-commerce-increases-duties-on-chinese-battery-grade-graphite-to-160-in-final-determinations/

Posted on

NZ-AU: LHM Investor Site Visit Presentation

Source: GlobeNewswire (MIL-NZ-AU)

PERTH, Australia, Feb. 11, 2026 (GLOBE NEWSWIRE) — Paladin Energy Ltd (ASX:PDN, TSX:PDN, OTCQX:PALAF) (“Paladin” or the “Company”) advises that it has released a presentation for the Langer Heinrich Mine (LHM) investor site visit being held on 12 February 2026, in Namibia.

The presentation is available on the Company’s website (https://www.paladinenergy.com.au/investors/asx-announcements/).

This announcement has been authorised for release by the Board of Directors of Paladin Energy Ltd.

Contacts

About Paladin

Paladin Energy Ltd (ASX:PDN TSX: PDN OTCQX:PALAF) is a globally significant independent uranium producer with a 75% ownership of the world-class long life Langer Heinrich Mine located in Namibia. In late 2024 the Company acquired Fission Uranium Corp. in Canada, resulting in a dual-listing on the both the ASX and TSX. With the integration of Fission’s operations, the Company now owns and operates an extensive portfolio of uranium development and exploration assets across Canada, which include the Patterson Lake South (PLS) Project in Saskatchewan and the Michelin project in Newfoundland and Labrador. Paladin also owns uranium exploration assets in Australia. Paladin is committed to a sustainability framework that ensures responsible, accountable and transparent management of the uranium resources the Company mines – both now and in the future. Through its Langer Heinrich Mine, Paladin is delivering a reliable uranium supply to major nuclear utilities around the world, positioning itself as a meaningful contributor to baseload energy provision in multiple countries and contributing to global decarbonisation.

– Published by The MIL Network

LiveNews: https://livenews.co.nz/2026/02/12/nz-au-lhm-investor-site-visit-presentation/

Posted on

NZ-AU: December 2025 Half Year Financial Results Overview

Source: GlobeNewswire (MIL-NZ-AU)

PERTH, Australia, Feb. 11, 2026 (GLOBE NEWSWIRE) — Paladin Energy Ltd (ASX:PDN, TSX:PDN, OTCQX:PALAF) (“Paladin” or the “Company”) advises that it has released its December 2025 Half Year Financial Accounts and Management Discussion and Analysis (MD&A) for Paladin Energy Ltd and its controlled entities for the three and six month periods ended 31 December 2025 (“FY2026 Interim Financial Results”).

Half Year Highlights

  • Revenue of US$138.3M driven by strong sales of 1.96Mlb U₃O₈ at an average realised price of US$70.5/lb U₃O₈1, reflecting the quality of the Langer Heinrich Mine (LHM) contract book and strengthening uranium pricing environment
  • Cost of sales totalled US$112.3M in the period, reflecting the continued ramp up of production at LHM
  • Gross profit of US$26.0M for the period, a significant increase from previous period
  • Net loss after tax of US$6.6M driven by the ongoing production ramp-up at LHM, business expansion following the Fission Uranium Corp (now Paladin Canada Inc.) acquisition and TSX listing and financing activities
  • Successful completion of a fully underwritten A$300M equity raising and a A$100M share purchase plan (SPP), primarily to advance the development of the Patterson Lake South (PLS) Project towards a final investment decision alongside the ongoing ramp up of the LHM
  • Enhanced balance sheet following completion of the equity offering, and the restructure of the syndicated debt facility with cash and investments of US$278.4M and an undrawn US$70M Revolving Credit Facility at year end

“The first half of the year demonstrated strong and continually improving performance at Langer Heinrich Mine as our team increased its knowledge and experience of how to optimise the production process, including the mining activities that were gathering pace at the start of this financial year. With the remaining mining fleet arriving on site, the foundations are now in place to successfully complete our ramp-up at Langer Heinrich Mine during the remaining months of the year.

The half year results also highlight the robust financial position of Paladin Energy with increasing revenue from strong sales augmented by a successful equity raising and a restructure of the debt portfolio that will enable us to complete our ramp-up activities at the LHM and continue to progress the PLS Project in Canada, including our winter drilling program.”

Paul Hemburrow
Managing Director and Chief Executive Officer

Financial Performance

Key Operational and Financial Metrics Units Six Months Ended
31 December 2025		  
OPERATIONS2    
U₃O₈ Sold Mlb 1.96  
Average Realised Price1 US$/lb 70.5  
Cost of Production3 US$/lb 40.5  
EARNINGS    
Sales Revenue US$M 138.3  
Cost of Sales US$M 112.3  
Gross Profit US$M 26.0  
Loss After Tax US$M (6.6)  

LHM sold 1.96Mlb of U₃O₈ at an average realised price of US$70.5/lb, generating sales revenue of US$138.3M. Cost of sales totalled US$112.3M, reflecting the continued ramp up of production, with a higher proportion of mined ore fed into the plant resulting in higher production and sales volumes.

This resulted in an increased gross profit for the period of US$26.0M (H1FY2025: US$0.9M).

Net loss after tax of US$6.6M (H1FY2025:US$15.1M) was driven by the ongoing production ramp-up at LHM, business expansion following the Fission Uranium Corp (now Paladin Canada Inc.) acquisition, TSX listing and financing activities.

Financial Position

    31 December 2025 30 June 2025 Change
%
Cash and cash equivalents US$M 121.0   89.0   36%  
Short-term investments US$M 157.4   –   n.m4  
Total unrestricted cash and investments US$M 278.4   89.0   213%  
Debt Facility (Drawn)5 US$M (40.0)   (86.5)   54%  
Net Cash/(Debt)6 US$M 238.4   2.5   9,260%  
Total Equity US$M 1,051.9   801.6   31%  

Total unrestricted cash and investments increased by 213% during the period to US$278.4M (30 June 2025: US$89.0M), following the successful completion of a fully underwritten A$300M equity offering and a A$100M share purchase plan (SPP) (both before transaction costs).

On 19 December 2025, Paladin completed the restructure of its Debt Facility with its lenders, Nedbank Ltd (acting through its Nedbank Corporate and Investment Banking division), Nedbank Namibia Ltd and Macquarie Bank.

The restructure aimed to right-size the overall debt capacity, reducing it from US$150M to US$110M leveraging Paladin’s enhanced liquidity position following the successful completion of the equity raise and SPP. The restructure also reflects Paladin’s increasing maturity as a uranium producer as it continues to progress the ramp up at LHM, while providing greater undrawn debt capacity and balance sheet flexibility.

The restructure provides Paladin with a US$110M Debt Facility including a US$40M Term Loan Facility (following a repayment of US$39.8M as part of the restructure) and an undrawn Revolving Credit Facility of US$70M (US$50M prior to the restructure). No additional debt was drawn during the period.

Presentation of information
This announcement should be read in conjunction with the Condensed Interim Financial Report lodged on 11 February 2026 and available on Paladin’s website (https://www.paladinenergy.com.au/investors/asx-announcements/). The Condensed Interim Financial Report relates to the six month period ended 31 December 2025. This Condensed Interim Financial Report also includes information relating specifically to the three month period ended 31 December 2025, which has been included in this Condensed Interim Financial Report to comply with quarterly reporting disclosure requirements of the Toronto Stock Exchange. Further information regarding the inclusion of the 31 December 2025 quarterly information is included in Note 1 to the Condensed Interim Financial Report.

This announcement has been authorised for release by the Board of Directors of Paladin Energy Ltd.

Contacts

About Paladin

Paladin Energy Ltd (ASX:PDN TSX: PDN OTCQX:PALAF) is a globally significant independent uranium producer with a 75% ownership of the world-class long life Langer Heinrich Mine located in Namibia. In late 2024 the Company acquired Fission Uranium Corp. in Canada, resulting in a dual-listing on the both the ASX and TSX. With the integration of Fission’s operations, the Company now owns and operates an extensive portfolio of uranium development and exploration assets across Canada, which include the Patterson Lake South (PLS) Project in Saskatchewan and the Michelin project in Newfoundland and Labrador. Paladin also owns uranium exploration assets in Australia. Paladin is committed to a sustainability framework that ensures responsible, accountable and transparent management of the uranium resources the Company mines – both now and in the future. Through its Langer Heinrich Mine, Paladin is delivering a reliable uranium supply to major nuclear utilities around the world, positioning itself as a meaningful contributor to baseload energy provision in multiple countries and contributing to global decarbonisation.

Forward-looking statements

This document contains certain “forward-looking statements” within the meaning of Australian securities laws and “forward-looking information” within the meaning of Canadian securities laws (collectively referred to in this document as forward-looking statements). All statements in this document, other than statements of historical or present facts, are forward-looking statements and generally may be identified by the use of forward-looking words such as “anticipate”, “expect”, “likely”, “propose”, “will”, “intend”, “should”, “could”, “may”, “believe”, “forecast”, “estimate”, “target”, “outlook”, “guidance” and other similar expressions. These forward-looking statements include, but are not limited to, statements regarding continued development of the PLS Project; permitting approvals and community engagement; advancement of the PLS Project through to FID; development and ramp-up of operations at the LHM; LHM guidance for FY2026; the equity offering; debt and related restructurings and the receipt of all necessary regulatory approvals.

Forward-looking statements involve subjective judgment and analysis and are subject to significant uncertainties, risks and contingencies including those risk factors associated with the mining industry, many of which are outside the control of, change without notice, and may be unknown to Paladin. These risks and uncertainties include but are not limited to liabilities inherent in mine development and production, geological, mining and processing technical problems, the inability to obtain any additional mine licences, permits and other regulatory approvals required in connection with mining and third party processing operations, Indigenous Peoples’ engagement, competition for amongst other things, capital, acquisition of reserves, undeveloped lands and skilled personnel, incorrect assessments of the value of acquisitions, changes in commodity prices and exchange rates, currency and interest fluctuations, various events which could disrupt operations and/or the transportation of mineral products, including labour stoppages and severe weather conditions, the demand for and availability of transportation services, the ability to secure adequate financing and management’s ability to anticipate and manage the foregoing factors and risks. Readers are also referred to the risks and uncertainties referred to in the Company’s “2025 Annual Report” released on 28 August 2025, in Paladin’s Annual Information Form for the year ended June 30, 2025 released on 12 September 2025, and in Paladin’s Management’s Discussion and Analysis for the quarter ended December 31, 2025, released on 11 February 2026, each of which is available to view at paladinenergy.com.au and on www.sedarplus.ca.

Although as at the date of this document, Paladin 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 the expectations expressed in such forward-looking statements due to a range of factors including (without limitation) fluctuations in commodity prices and exchange rates, exploitation and exploration successes, environmental, permitting and development issues, political risks including the impact of political instability on economic activity and uranium supply and demand, Indigenous Peoples engagement, climate risk, operating hazards, natural disasters, severe storms and other adverse weather conditions, shortages of skilled labour and construction materials, equipment and supplies, regulatory concerns, continued availability of capital and financing and general economic, market or business conditions and risk factors associated with the uranium industry generally. There can be no assurance that forward-looking statements will prove to be accurate.

Readers should not place undue reliance on forward-looking statements, and should rely on their own independent enquiries, investigations and advice regarding information contained in this document. Any reliance by a reader on the information contained in this document is wholly at the reader’s own risk. Recipients are cautioned against placing undue reliance on such projections without conducting their own due diligence with appropriate professional support. The forward-looking statements in this document relate only to events or information as of the date on which the statements are made. Paladin does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise. No representation, warranty, guarantee or assurance (express or implied) is made, or will be made, that any forward-looking statements will be achieved or will prove to be correct. Except for statutory liability which cannot be excluded, Paladin, its officers, employees and advisers expressly disclaim any responsibility for the accuracy or completeness of the material contained in this document and exclude all liability whatsoever (including negligence) for any loss or damage which may be suffered by any person as a consequence of any information in this document or any error or omission therefrom. Except as required by law or regulation, Paladin accepts no responsibility to update any person regarding any inaccuracy, omission or change in information in this document or any other information made available to a person, nor any obligation to furnish the person with any further information. Nothing in this document will, under any circumstances, create an implication that there has been no change in the affairs of Paladin since the date of this document. To the extent any forward-looking statement in this document constitutes “future-oriented financial information” or “financial outlooks” within the meaning of Canadian securities laws, such information is provided to demonstrate Paladin’s internal projections and to help readers understand Paladin’s expected financial results. Readers are cautioned that this information may not be appropriate for any other purpose and readers should not place undue reliance on such information. Future-oriented financial information and financial outlooks, as with forward-looking statements generally, are, without limitation, based on the assumptions, and subject to the risks and uncertainties, described above.

Non-IFRS measures
Paladin uses certain financial measures that are considered “non-IFRS financial information” within the meaning of Australian securities laws and/or “non-GAAP financial measures” within the meaning of Canadian securities laws (collectively referred to in this announcement as Non-IFRS Measures) to supplement analysis of its financial and operating performance. These Non-IFRS Measures do not have a standardised meaning prescribed by IFRS and therefore may not be comparable to similar measures presented by other issuers.

The Company believes these measures provide additional insight into its financial results and operational performance and are useful to investors, securities analysts, and other interested parties in understanding and evaluating the Company’s historical and future operating performance. However, they should not be viewed in isolation or as a substitute for information prepared in accordance with IFRS. Accordingly, readers are cautioned not to place undue reliance on any Non-IFRS Measures. The Non-IFRS Measures used in this announcement are described below.

Average Realised Price
Average Realised Price (US$/lb U3O8) is a Non-IFRS Measure that represents the average revenue received per pound of uranium sold during a given period. It is calculated by dividing total revenue from U₃O₈ sales (before royalties and after any applicable discounts) by the total volume of U₃O₈ pounds sold. This measure provides insight into the actual pricing achieved under the Company’s uranium sales contracts and spot sales during the reporting period, taking into account the mix of base-escalated, fixed-price and market-related pricing mechanisms within contracts. The Company uses Average Realised Price to assess revenue performance relative to market prices, contractual pricing structures, and production costs. It is also a key measure used by investors and analysts to evaluate price exposure, contract performance, and profitability potential.

It is important to note that Average Realised Price is distinct from both the spot market price and the term market price for uranium, and it may vary significantly from quarter to quarter based on timing of deliveries, customer contract structures, and the prevailing market environment.

Revenue from uranium sales is reported in the Company’s financial statements under IFRS. The Average Realised Price is derived directly from IFRS revenue figures and disclosed sales volumes.

The table below reconciles the Average Realised Price for the quarters ended 31 December 2025 and 31 December 2024:

    Three Months
Ended
31 December
2025		 Six Months
Ended
31 December
2025		 Three Months
Ended
31 December
2024		 Six Months
Ended
31 December
2024
Sales revenue US$M 102.4 138.3 33.5 77.3
U3O8 Sold lb 1,426,820 1,960,6091 500,1432 1,123,2072
Average Realised Price US$/lb 71.8 70.5 66.9 68.8

1.   Includes 85,000lb loan material delivered into existing contracts
2.   Includes 200,000lb loan material delivered into existing contracts

Cost of Production 
The Cost of Production per pound represents the total production costs divided by pounds of U₃O₈ produced. The Cost of Production is calculated as the total direct production expenditures incurred during the period (including mining, stockpile rehandling, processing, site maintenance, and mine-level administrative costs), excluding costs such as cost of ore stockpiled, deferred stripping costs, depreciation and amortisation, general and administration costs, royalties, exploration expenses, sustaining capital and the impacts of any inventory impairments or impairment reversals. This measure helps users assess Paladin’s operating efficiency.

Cost of Production per lb = Cost of Production ÷ U₃O₈ Pounds Produced.

Cost of Production is a unit cost measure that indicates the average production cost per pound of U₃O₈ produced. This is not an IFRS measure but is widely used in the mining industry as a benchmark of operational efficiency and cost competitiveness. Paladin’s Cost of Production metric is calculated as the total direct production expenditures as defined above (in US dollars) incurred during the period, divided by the volume of U₃O₈ pounds produced in the same period. The Company uses Cost of Production per pound to track progress of operational performance, to assess profitability at various uranium price points, and to identify trends in operating costs. It is also a key metric for investors and analysts to evaluate how efficiently the Company is producing uranium, independent of depreciation and accounting adjustments.

This measure allows stakeholders to monitor trends in direct production costs and to assess the Company’s operating breakeven threshold relative to uranium market prices. Investors are cautioned that our Cost of Production metric may not be comparable with similarly titled “C1 cash cost” metrics of other uranium producers, as there can be differences in methodology (e.g., treatment of royalties or certain site costs). Paladin’s Cost of Production figure as defined above, focuses strictly on the on-site cost to produce uranium concentrate in the current period. All figures are in US$/lb U₃O₈. We provide this information in good faith to enhance understanding of our operations; however, the IFRS financial statements (particularly the Cost of Sales line in the income statement) should be considered alongside this metric for a complete picture of our cost structure.

The table below reconciles the Cost of Production for the for the quarters ended 31 December 2025 and 30 December 2024:

    Three Months
Ended
31 December
2025		 Six Months
Ended
31 December
2025		 Three Months
Ended
31 December
2024		 Six Months
Ended
31 December
2024
Cost of Production US$M 48.9 93.2 26.9 53.7
U3O8 produced lb 1,233,128 2,299,624 638,409 1,278,088
Cost of Production/lb US$/lb 39.7 40.5 42.3 42.1


Net Cash/(Debt)
Net Cash/(Debt) is a non-IFRS liquidity measure that represents the surplus of cash and cash equivalents over total interest-bearing debt. It is calculated by subtracting gross debt (including face value and accrued interest on borrowings) from unrestricted cash and cash equivalents. The Company uses Net Cash/(Debt) as an indicator of the Company’s net liquidity position at a point in time, providing a simple measure of financial flexibility after accounting for existing debt obligations. This measure is useful to investors and analysts because it isolates the Company’s net cash or net debt balance, enabling better assessment of balance sheet strength and funding capacity, particularly as it relates to capital allocation decisions and ability to finance operations and growth.

Net Cash/(Debt) is distinct from individual IFRS line items as it combines and offsets gross financial liabilities and cash balances into a single figure. As such, it is classified as a non-IFRS measure.

The table below reconciles the Net Cash/(Debt) at the end of the quarters ended 31 December 2025 and 30 June 2025:

US$M As at 31 December 2025   As at 30 June 2025  
Cash and Investments 278.4   89.0  
Borrowings – syndicated debt facility (40.0)   (86.5)  
Net Cash/(Debt) 238.4   2.5  


_______________________________________
1 Average Realised Price is a Non-IFRS Measure. See “Non-IFRS Measures” for more information
2 Refers to LHM’s operational results on a 100% basis
3 Cost of Production is a Non-IFRS Measure. See “Non-IFRS Measures” for more information
4 The percentage movement is not meaningful due to nil balance in the prior period
5 Excludes shareholder loans from CNNC Overseas Limited (CNOL) and capitalised transaction costs
6 Net Cash/(Debt) is a Non-IFRS measure. See “Non-IFRS Measures” for more information

– Published by The MIL Network

LiveNews: https://livenews.co.nz/2026/02/12/nz-au-december-2025-half-year-financial-results-overview/

Posted on

NZ-AU: Brazilian Rare Earths Achieves Very High 97% Rare Earth Recovery at 150°C

Source: GlobeNewswire (MIL-NZ-AU)

SYDNEY, Feb. 11, 2026 (GLOBE NEWSWIRE) — Brazilian Rare Earths Limited (ASX: BRE / OTCQX: BRELY) (‘BRE’) is pleased to report the results of a metallurgical optimisation program conducted at CDTN, a Brazilian federal research institute with specialist capabilities in metallurgical process development.

The program independently validated low-temperature sulfuric acid curing at 150°C using standard equipment. Importantly, a 15 kg blended composite scale-up test replicated the very high extractions achieved at laboratory-scale, providing increased confidence in scalability.

Key Highlights

  • Very High Extraction Rates: 97% for Total Rare Earth Oxides, 97% for Neodymium + Praseodymium, 83% for Dysprosium, 87% for Terbium and 97% for Uranium
  • Low-Temperature Flowsheet: Peak extraction achieved at 150°C using a low-temperature, acid-cure process – removing the need for high temperature (>250°C) rotary kilns
  • Low-Cost Processing: The low-temperature acid-cure process delivers high recoveries at materially lower energy intensity – supports potential for lower opex and capex flowsheet using conventional paddle mixers
  • Exceptional End-to-End System Yields: When combined with recently announced ore sorting recovery of +95%, estimated total ‘mineral-to-product’ recovery of ~91% TREO and ~89% for Uranium
  • Further Optimisation Upsides: Opportunities to shorten wash durations, optimise process acids and intensity, while maintaining or improving high extraction performance
Table 1: Blended composite extraction results (15 kg) & end-to-end system yields
Oxide Head Grade
(ppm)		   Extraction
(%)		   End-to-End Yield
(%)		   Recovered
Grade (ppm)		  
TREO (Total Rare Earth Oxides) 196,083   97   91   179,279  
NdPr (Neodymium + Praseodymium) 31,050   97   92   28,543  
Tb (Terbium) 246   87   82   203  
Dy (Dysprosium) 1,383   83   78   1,081  
Y (Yttrium) 6,361   84   79   5,019  
U (Uranium) 2,627   97   89   2,347  
Note: End-to-end yield is calculated as the product of extraction rates achieved in the 15 kg blended composite metallurgical test, an ore-sorting recovery of 95%, and recoveries from additional downstream metallurgical steps previously evaluated by ANSTO to produce a Mixed Rare Earth Carbonate. Recovered grade is calculated as the product of head grade and end-to-end yield.  


BRE Managing Director and CEO, Bernardo da Veiga, commented:

“Our metallurgy program validated a low-temperature, acid-cure process which delivers industry-leading recoveries for both rare earth and uranium products.

Importantly, the results support the potential for leading total system yields – from mineral to product – a key driver for efficiency and cost performance. When combined with Monte Alto’s ore sorting yield of +95%, the total system product recovery is 92% for NdPr, up to 82% for the heavy rare earths DyTb and Y, and 89% for uranium.

These results are key to unlocking value from the high-grade mineralisation across our Rocha da Rocha province. This acid-cure process eliminates the need for energy-intensive thermal cracking and supports the engineering simplicity required for scalable deployment at our centralised Camaçari rare earth processing hub.

We are now focused on applying this proven flowsheet to our broader resource base that will allow us to integrate multiple high-grade feedstocks into a flexible ‘hub-and-spoke’ production platform.”

A link to the full release can be found here.

Contacts

Bernardo Da Veiga, Managing Director and CEO

investors@brazilianrareearths.com
www.brazilianrareearths.com

– Published by The MIL Network

LiveNews: https://livenews.co.nz/2026/02/12/nz-au-brazilian-rare-earths-achieves-very-high-97-rare-earth-recovery-at-150c/

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NZ-AU: Innovation Beverage Group Provides Update on Merger with BlockFuel Energy and Production Restart to Advance Dual Revenue Model Spanning Energy and Digital Asset Mining

Source: GlobeNewswire (MIL-NZ-AU)

SYDNEY, Feb. 11, 2026 (GLOBE NEWSWIRE) — Innovation Beverage Group Ltd (“IBG” or the “Company”) (Nasdaq: IBG), an innovative developer, manufacturer, and marketer of a growing beverage portfolio of 60 formulations across 13 alcoholic and non-alcoholic brands, today provided an update regarding its proposed merger with BlockFuel Energy Inc., a Texas corporation (“BFE”), including operational, financial, and strategic milestones that position the combined transaction parties as a capital-efficient energy producer with a differentiated digital infrastructure growth strategy.

The companies remain on track to complete the merger in the first quarter of 2026, subject to customary approvals and closing conditions. Integration planning continues, with a clear focus on building a vertically integrated platform that monetizes hydrocarbons through both conventional sales channels and potential digital energy applications.

Ten wells are currently back in production, with an additional seven wells expected to be returned to production by month-end, materially increasing active production and available gas volumes across the portfolio.

BFE expects to complete its first oil and gas sales in February 2026, with initial revenues anticipated before the end of the first quarter ended March 31, 2026. These initial oil and gas revenues are expected to provide near-term cash-flow visibility following completion of the merger.

Digital Energy and Mining Strategy

In parallel with production restarts, planning is advancing for the potential deployment of digital mining infrastructure powered directly by natural gas produced onsite. Initial planning takes into consideration modular, wellhead-adjacent generation and mining deployments, allowing capacity to scale in-line with gas availability and capital deployment.

Based on preliminary engineering and comparable field deployments, BFE management believes onsite gas-to-power costs may be meaningfully below grid-based power pricing, while avoiding transportation, processing, and third-party power costs. Even modest allocations of produced gas to digital infrastructure may support incremental margins per unit of gas, while preserving flexibility to sell gas into traditional markets.

Daniel Lanskey, Chief Executive Officer of BlockFuel Energy, commented, “We view Bitcoin mining not as speculation, but as energy infrastructure. At its core, our strategy is about converting underutilized natural gas at the site into productive, revenue-generating capacity. By collocating modular power and mining directly at the wellhead, we believe the combined company can deploy capital efficiently, operate at a low effective energy cost, and scale output in-line with production. This approach has the potential to improve overall project economics while giving shareholders disciplined exposure to digital asset upside.”

The integrated energy-and-mining model is expected to enhance resilience across commodity cycles and provide a flexible demand sink for gas, while creating incremental cash flow per well without compromising conventional production strategy.

Portfolio Expansion and Scale

Further strengthening the asset base, BFE has executed a Letter of Intent with a previous vendor to acquire additional nearby producing oil fields, adding approximately 4,000 contiguous acres to its portfolio. The proposed acquisition is expected to both expand scale and improve operating efficiencies, increasing gas volumes available for both traditional sales and digital energy initiatives.

Management of the companies believe these milestones demonstrate disciplined execution across production, capital formation, and infrastructure planning, while reinforcing the strategic rationale for the IBG-BFE merger.

Upon completion, the combined group is expected to emerge as a small-cap, integrated energy company with near-term production, diversified revenue streams, and a scalable gas-to-digital infrastructure platform positioned to deliver long-term shareholder value.

Further updates will be provided as the merger, financing, production restart, digital mining deployment, and acquisition initiatives continue to progress toward completion.

About Innovation Beverage Group Ltd

Innovation Beverage Group is a developer, manufacturer, marketer, exporter, and retailer of a growing beverage portfolio of 60 formulations across 13 alcoholic and non-alcoholic brands for which it owns exclusive manufacturing rights. Focused on premium and super premium brands and market categories where it can disrupt age old brands, IBG’s brands include Australian Bitters, BITTERTALES, Drummerboy Spirits, Twisted Shaker, and more. IBG’s most successful brand to date is Australian Bitters, which is a well-established and favored bitters brand in Australia. Established in 2018, IBG’s headquarters, manufacturing and flavor innovation center are located in Sydney, Australia with a U.S. sales office located in California. For more information visit: https://www.innovationbev.com/.

About BlockFuel Energy

BlockFuel Energy is involved in the acquisition, exploration and development of proven oil fields onshore in North America. By turning natural gas at the source, including stranded and flared gas, into a potent resource for the digital era, BlockFuel Energy intends to redefine the energy industry. BlockFuel Energy combines state-of-the-art power generation with oil and gas exploration to power bitcoin mining operations and high-performance data centers. Our vertically integrated concept allows us to use co-location and modular power generation techniques to optimize efficiency and investment returns. Our cutting-edge solutions for energy optimization and extraction will enable us to transform underdeveloped resources into high-margin, scalable, and sustainable revenue streams. For more information visit: https://blockfuelenergy.com/.

Forward Looking Statement

This press release contains “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements regarding the proposed merger between IBG and BlockFuel Energy, anticipated operational milestones, expected production levels, anticipated oil and gas sales, planned financing activities, potential deployment of digital infrastructure, expected economic benefits of such activities, and the proposed acquisition of additional oil field assets.

Forward-looking statements are typically identified by words such as “expects,” “anticipates,” “plans,” “projects,” “intends,” “believes,” “may,” “will,” “could,” “should,” or similar expressions. These statements are based on current expectations and assumptions and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied. These risks include, among others, the ability of the parties to execute definitive transaction documents, satisfy closing conditions, obtain regulatory and stockholder approvals, commodity price volatility, operational risks, financing risks, regulatory developments relating to digital assets, and other risks described in IBG’s filings with the U.S. Securities and Exchange Commission.

Readers are cautioned not to place undue reliance on these forward-looking statements. Neither IBG nor BFE undertakes any obligation to update such statements except as required by law.

Contact:

Innovation Beverage Group Limited
Sahil Beri
CEO
sahil@innovationbev.com
www.innovationbev.com

BlockFuel Energy Inc.
Daniel Lanskey
President and CEO
dan.lanskey@blockfuelenergy.com
www.blockfuelenergy.com

Investor Relations:
KCSA Strategic Communications
Phil Carlson, Managing Director
BlockFuel@KCSA.com

– Published by The MIL Network

LiveNews: https://livenews.co.nz/2026/02/12/nz-au-innovation-beverage-group-provides-update-on-merger-with-blockfuel-energy-and-production-restart-to-advance-dual-revenue-model-spanning-energy-and-digital-asset-mining/