BANGKOK, Mar 4, 2026 - (ACN Newswire via SeaPRwire.com) - Thailand has launched a new phase in its national research and innovation strategy with the introduction of the Thailand RISE Fund, a rebranded national research funding initiative aimed at accelerating the transition from academic research to real-world economic and social impact.The initiative was highlighted at the Thailand RISE Fund Forum: RISE UP THAILAND, hosted in collaboration with Chulalongkorn University. The national forum brought together policymakers, researchers, industry leaders, and innovation stakeholders to explore how Thailand can strengthen its position in the global innovation economy.From Research Output to Real-World ImpactThailand’s research performance has expanded significantly over the past decade, but national leaders say the country’s next challenge is ensuring that research delivers tangible benefits.Professor Dr. Wilert Puriwat, President of Chulalongkorn University, emphasized the importance of translating knowledge into national progress. “A country advances not simply because it produces knowledge, but because it can transform knowledge into a coordinated system that connects policy, research, innovation, and industry,” he said.He added that universities must play a strategic role in national development. “Our goal is to move research beyond the laboratory and into real-world applications that deliver measurable economic and social benefits while strengthening Thailand’s long-term competitiveness.”Building a National Innovation SystemNational research leaders stressed that Thailand’s science and innovation system must operate with clearer direction and stronger coordination.Professor Dr. Sompong Klaynongsruang, President of Thailand Science Research and Innovation (TSRI), said collaboration across sectors is essential. “The development of Thailand’s science, research and innovation system must be driven systematically—from strategic policy and targeted funding to the practical use of research outcomes in the economy and society.”She noted that cooperation among universities, government agencies, and the private sector will be key to achieving long-term impact. “When all sectors move forward together, research will not only generate knowledge but also create meaningful national transformation.”More Than a RebrandingThe transition to the Thailand RISE Fund represents a strategic shift in how Thailand supports research and innovation.Asst. Professor Dr. Ake Pattaratanakun, Chairman of Thailand RISE Fund Strategic Communications Subcommittee, said the initiative reflects a new national priority. “Thailand has significantly increased its research output over the past decade, but the key challenge today is not quantity. It is how research creates economic and social value.”He explained that the Thailand RISE Fund is designed to bridge the gap between research and industry. “Thailand RISE Fund is intended to serve as a systemic intermediary, linking research to real economic needs and focusing on proof of impact rather than publication numbers.”Four Pillars of the RISE FrameworkThe Thailand RISE Fund operates under a strategic framework built on four pillars:ResearchInnovationScience ExcellenceEcosystemThe ecosystem pillar emphasizes partnerships among universities, businesses, government agencies, and communities to support a comprehensive innovation economy.Expanding Opportunities NationwideThe Thailand RISE Fund is also expanding engagement across Thailand to ensure broader participation in the innovation system. Regional forums and outreach activities are designed to help researchers and entrepreneurs develop collaborative projects aligned with local economic strengths. This approach reflects a shift from centralized funding toward a more inclusive and distributed innovation ecosystem.Research for National DevelopmentThe Thailand RISE Fund aims to transform the role of research in Thailand’s development strategy. “Our vision is to move Thai research from ‘research for journals’ to ‘research for the nation,’” Dr. Ake said.By focusing on measurable impact and long-term value creation, the initiative seeks to strengthen Thailand’s competitiveness while supporting sustainable economic and social development.For more information, please contact pr@tsri.or.th#ThailandRiseFund Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
香港, 2026年3月4日 - (亚太商讯 via SeaPRwire.com) - 随着智能驾驶从辅助功能向端到端大模型演进，高保真仿真与数据闭环已成为行业发展的核心引擎。弗若斯特沙利文最新发布的《2026年中国物理AI仿真及数据平台研究报告》揭示了这一关键基础设施领域的惊人现状：市场正呈现出极度的头部集中效应，而五一视界（51Sim）以53.5%的市场份额，确立了其在中国端到端高阶智驾仿真及数据平台市场的绝对霸主地位。数据显示，2025年中国该领域前五大厂商占据了超过90%的市场份额，其中51Sim一家独大，其体量超过了其余所有主要竞争对手（智行众维、康谋、深信科创、沛岱）的总和。这种“一超多强”的格局，深刻反映了物理AI仿真行业的高壁垒特性。正如报告所指，该行业不仅要求供应商具备极高的图形学与动力学建模技术，更需拥有深厚的汽车行业Know-how以及海量的长尾场景数据积累。51Sim之所以能占据半壁江山，正是得益于其在智能驾驶领域多年的深耕，成功构建了从虚拟场景重构、合成数据生成到数据回流闭环的一体化能力，精准击中了车企在L2+及以上高阶智驾研发中的痛点。这一市场格局也预示着物理AI技术的强大迁移潜力。智能驾驶作为物理AI最早规模化的落地场景，其成熟的仿真体系正在向具身智能机器人等领域溢出。51Sim在智驾领域建立的标准化环境与数据资产，为其跨行业扩展奠定了坚实基础。未来，随着中国物理AI仿真市场在2030年有望突破1800亿元规模，51Sim凭借其在智驾赛道的压倒性优势，极有可能成为推动具身智能、航空航天等多领域智能化转型的通用底座。综上所述，51Sim的领跑不仅是商业上的成功，更是中国物理AI基础设施成熟度的标志。在算法日益趋同的今天，拥有高质量仿真数据平台的厂商，将掌握定义下一代智能系统的关键话语权。 Copyright 2026 亚太商讯 via SeaPRwire.com. All rights reserved. www.acnnewswire.com
TOKYO, Mar 4, 2026 - (ACN Newswire via SeaPRwire.com) - JCB Co., Ltd. (JCB), together with Resona Holdings, Inc. (Resona; TSE: 8308), announced the start of a project to commercialize ultra-wideband (UWB) payments that realize a new purchasing experience using UWB communication.The two companies have agreed to launch the world's first full-scale project for the practical application and commercialization of UWB payments. In 2026, JCB will work with multiple technology partners and collaborating merchants to demonstrate payment technology and value-added solutions for merchants, as well as user experience building projects to create new purchasing experiences. On top of that, JCB aims to launch small-scale commercial operations in 2027 and full-scale commercialization in earnest in 2028.The two companies are participating in the FiRa® Consortium, which standardizes and contributes to the development of UWB communication technology, as well as builds new payment experiences and value-added solutions for stores using UWB technology.About the UWB Payment ProjectThrough the activities of the FiRa Consortium, JCB, and Resona will standardize technologies and experiences for payment applications, and with the support of FiRa Consortium’s participating vendors, conduct technology tests. From 2026, the two companies will demonstrate UWB payments and value-added solutions together with multiple partner merchants and provide feedback to FiRa on the necessary technology development.In parallel, JCB and Resona will conduct research on user experience and store payment operations to confirm user and merchant acceptability.Moreover, to reduce the introduction load for merchants as much as possible, the project aims to build a payment infrastructure that can widely accept payment solutions using UWB from competitors. The project is aimed to launch on a small scale in 2027 and commercialize on a full-scale in 2028.In addition, the two companies will aim to realize new UWB payments through collaboration with a wide range of partners in Japan and other countries.Image of UWB paymentThe Background of This ProjectUWB communication technology is a short-range wireless communication technology that has the characteristics of (1) accurate location of devices and (2) high-speed data communication and is being used in Japan and overseas for location verification of digital keys for cars and homes, indoor navigation, and tags.The technology is also used overseas in gateless public transportation systems. In the future, it is expected to be used for payments, as with NFC (Near Field Communication) and QR codes.Outside Japan, the spread of smartphones with UWB functions has been slow, but in Japan, smartphones that can use UWB communication are widely available, and can be utilized in advance of the rest of the world. Moreover, the diversification of cashless payments and the wide range of value-added solutions for users and stores are also characteristics of Japan's payment scene. The project believes that it is necessary to take advantage of this location and create new payment solutions to solve problems for users and stores and meet the needs of new solutions.Overview of “UWB Payments”UWB payments can greatly improve the purchasing experience. Until now, it has been necessary to physically touch a card or smartphone at a payment terminal in a merchant or to scan a QR code. UWB payments will leverage short-range communication characteristics to create a new purchasing experience, such as hands-free payments even with a smartphone in a pocket or bag, and to instantly convey user information, such as diet restrictions, to merchants.Also, by utilizing the accurate location information of smartphones, it is possible to realize value-added solutions for both users and merchants that have never been seen before, such as improving the efficiency of navigation and waiting in stores, distributing personalized advertisements and coupons using smart displays, and providing new customer service for VIP customers. It is expected to be used not only to improve the experience but also to be used as a labor-saving solution to address labor shortages.Comparison of NFC and UWB paymentsExamples of value-added solutions:Provide communication functions for both users and merchants. For example, it can be used to automate the communication of requests such as food allergy information, whether or not plastic bags are needed, whether receipts are present and addressed, loyalty program information, whether coupons are available and used, and requests such as handicap and assistance needs, and children's chair preparations.Provide special customer service experiences for VIP customers and support store operations. Customers can receive a special customer service experience without verbally communicating with the merchant’s staff, allowing stores to provide appropriate customer service based on specific customer needs.Enable 1-to-1 marketing capabilities for customers. Marketing utilization, such as displaying personalized information on smart displays near customers, distributing coupons to customers, and displaying personalized pricing.Past UWB Payments InitiativesIn January 2024, JCB and Resona entered into a strategic partnership for the "Hands-free Payment" project, an initiative to build a new payment experience that does not require smartphone operation using device-to-device communication technology. Using UWB communication technology by linking the smartphones held by customers who visit the store with payment terminals and various IoT devices installed in the store, it allows customers to complete the payment process from authentication to payment procedure without taking out a smartphone or activating the screen, and even keeping their smartphone in their bag or pocket. By utilizing this solution, customers can grasp information at the time of their visit to the store and receive customer service and new in-store experiences, such as providing services for VIPs, preferential treatment, and coupon distribution.JCB also announced the development of a UWB-enabled app for iPhones and Apple Watches to support the project, along with a reference model of store checkout equipment and the launch of user testing. Through these efforts, JCB and Resona have been discussing and collaborating with their collaborative partners on technologies and business models.Looking ahead, JCB and Resona will work with multiple technology partners and collaborating merchants to carry out proof-of-concept initiatives for payment and merchant value-added solutions in 2026, with a phased commercial rollout planned for 2027 and full-scale commercialization targeted for 2028.About FiRa ConsortiumThe FiRa Consortium is a member-driven organization dedicated to transforming the way we interact with our environment by enabling precise location awareness for people and devices using the secured fine-ranging and positioning capabilities of Ultra-Wideband (UWB) technology. FiRa does this by driving the development of technical specifications and certifications, advocating for effective regulations, and defining a broad set of UWB use cases. To learn more about UWB and the FiRa Consortium, visit www.firaconsortium.org.About Resona Holdings, Inc.With the Group's purpose of "Making the future positive with finance +," we continue to take on the challenge of transformation and creation in order to transform the future into a positive one with ideas that go beyond the framework of finance. Adhering to our basic stance of "customer joy is Resona's joy," we will work to "strengthen value creativity" and "next-generation management infrastructure" to respond to customers and local communities.About JCB Co., Ltd.JCB is a major global payment brand and a leading credit card issuer and acquirer in Japan. JCB launched its card business in Japan in 1961 and began expanding worldwide in 1981. Its acceptance network includes about 71 million merchants worldwide. JCB Cards are now issued mainly in Asian countries and territories, with more than 175 million cardmembers. As part of its international growth strategy, JCB has formed alliances with hundreds of leading banks and financial institutions globally to increase its merchant coverage and cardmember base. As a comprehensive payment solutions provider, JCB is committed to delivering responsive, high-quality products and services to all customers worldwide.For more information, please visit: www.global.jcb/en/ContactAnna TakedaJCB Corporate CommunicationsTel: +81-3-5778-8353Email: jcb-pr@info.jcb.co.jp Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
ANTWERPEN, BELGIUM, Mar 3, 2026 - (ACN Newswire via SeaPRwire.com) - OMP, a leading provider of AI-powered supply chain planning solutions, launches Unison Decision-Centric Planning, a new approach that helps organizations move from reactive, process-driven planning to proactive, event-driven decision-making.Built on OMP's flagship Unison Planning™ platform, Unison Decision-Centric Planning combines advanced AI, autonomous agents, real-time scenario modeling, and human validation to accelerate decision velocity. The approach enables organizations to anticipate disruption, evaluate trade-offs, and act with confidence in increasingly volatile supply chain environments.From reactive to proactive supply chain planningTraditional planning cycles are often too slow to keep pace with today's volatility. Unison Decision-Centric Planning replaces static, process-driven planning with a dynamic, decision-first approach that continuously senses change, identifies relevant scenarios, and quantifies business impact. By aligning AI-driven intelligence with human judgment, organizations move from reactive firefighting to proactive value optimization."With Unison Decision-Centric Planning, we help customers move beyond reactive firefighting," said Tom Wouters, Chief Product Officer at OMP."By combining human expertise with advanced AI and scenario modeling, we enable confident, proactive decisions that drive agility, resilience, and measurable business impact."Human-AI synergy for smarter, faster decisionsUnison Decision-Centric Planning leverages UnisonIQ to orchestrate AI agents, generative AI assistants, and advanced optimization engines. Routine manual tasks are automated, freeing planners to focus on cross-functional collaboration and decision-making. Explainable AI ensures transparency and trust, while autonomous agents continuously monitor supply chain signals and act in real time.Proven impact at Evonik OxenoEvonik Oxeno, a leading producer of C4 chemicals, partnered with OMP to transition from reactive planning to always-on, scenario-based decision-making. By leveraging real-time insights and simulations through Unison Planning, planners can anticipate disruptions and respond faster, improving agility and overall business performance."Unison Decision-Centric Planning has reinforced trust in the system among planners and executives. Scenario-based decision-making enables us to respond faster and improve company performance," said David Kochanek, Supply Chain Solution Manager at Evonik Oxeno."Scenario-based decision-making enables us to respond faster and improve company performance."Always-on decision intelligence at scaleUnison Decision-Centric Planning introduces event-driven agents that continuously assess opportunities or risks, aligning decisions with strategic and financial objectives. By running hundreds of scenarios, organizations can anticipate disruption, optimize outcomes, and achieve measurable gains in service levels, cost efficiency, sustainability, and decision velocity."Organizations can run hundreds of scenarios to prepare for disruptions and optimize outcomes."Learn more about decision-centric planningDiscover how decision-centric planning can transform your supply chain. Explore OMP's resources, including the always-on e-book and the full Evonik Oxeno success story. Learn more.About OMPOMP helps companies facing complex planning challenges to excel, grow, and thrive by offering the best digitized supply chain planning solution on the market. Hundreds of customers in a wide range of industries - spanning consumer goods, life sciences, chemicals, metals, paper, packaging, plastics - benefit from using OMP's unique Unison Planning™.Solution and product inquiriesContact OMPMedia inquiriesKira Perdue (Carabiner)SOURCE: OMP Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
HONG KONG, March 3, 2026 - (ACN Newswire via SeaPRwire.com) – MMG Limited (“MMG”, stock code: 1208) has today announced its 2025 Annual Results, delivering record revenue and profit. The exceptional result reflects disciplined operational and financial management, supported by favourable commodity prices.Watch the Message from CEO:https://drive.google.com/file/d/17KFqXpd_2sjdZDKfBBMBv1ee09Zic-e6/view'usp=drive_linkSafety is MMG’s first value and the Company recorded a Total Recordable Injury Frequency (TRIF) of 2.06 per million hours worked for the full year 2025. The Significant Events with Energy Exchange Frequency (SEEEF) was 0.80 per million hours worked, up slightly from 0.78 per million hours worked in 2024.Total earnings reached record highs. EBITDA rose to US$3,412.1 million, while EBIT increased to US$1,999.1 million. MMG also generated record net operating cash flow of US$2,689.5 million and free cash flow of US$1,608.1 million. Net profit after tax increased to US$955.2 million (US$509.4 million attributable to equity holders), up from US$366.0 million (US$161.9 million attributable to equity holders) in 2024.“We ended the year strongly, delivering an excellent finish in terms of our operational and financial performance,” said MMG’s CEO Ivo Zhao. “This included Las Bambas achieving their second-highest annual copper production, up 27 per cent from 2024, with records set for annual ore mined, ore milled and overall recovery rates.”MMG’s balance sheet is now substantially stronger, with reduced net debt and a gearing ratio at a record low of 33 per cent. This included the Las Bambas joint venture (JV) dividend payment, which facilitated the early repayment of US$500 million in Khoemacau borrowings. The remaining funds were used to repay other debts, deleverage the company’s balance sheet and support the early stages of Khoemacau's expansion.MMG’s total copper production rose 27 per cent year-on-year to 506,899 tonnes, driven by technology, innovation and stable operation across both pits at Las Bambas. Las Bambas contributed US$4,447.0 million in revenue (49 per cent year-on-year growth), contributing the largest share of the Group’s revenue growth. Total zinc production increased by six per cent to 232,060 tonnes, underpinned by a record year at Dugald River. Precious metals production at Rosebery also performed well.“While we remain mindful of the dynamic market environment, we are focused on delivering our growth plans and harnessing emerging technologies to drive long-term value for shareholders,” said Mr Zhao. “An important contribution to MMG’s growth pipeline is our Khoemacau Expansion project. Our plan is to increase annual production capacity to 130,000 tonnes of copper in copper concentrate by 2028, with the potential for 200,000 tonnes over time.”During 2025, the Company’s market capitalization exceeded HK$100 billion, including strong demand for its first convertible bond.MMG’s 2025 Annual Results Report is available here.Las BambasKhoemacauDugald RiverRoseberyKinseverePhoto download link: https://drive.google.com/drive/folders/1o9ArIgbJSAT2z1UCt8ttB69L9l9jiebx'usp=drive_linkAbout MMGFounded in 2009, MMG’s vision is to create a leading international mining company for a low carbon future. The company is headquartered in Melbourne, Australia and Hong Kong and Beijing, China and listed on the Hong Kong Stock Exchange (HKEX1208).MMG’s portfolio supports copper, zinc and cobalt production, with soon to be nickel – products that are critical to achieving global decarbonisation and electrification targets. With operations in Australia, Botswana, the Democratic Republic of Congo and Latin America, the company makes a direct contribution to the economic and social development of its host countries.In 2025, MMG released its first nature strategy and progressed a refresh of its climate strategy. MMG's membership of the UN Global Compact further aligns the company with global leaders on human rights, climate action, and governance. Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
HONG KONG, March 3, 2026 - (ACN Newswire via SeaPRwire.com) – On 02 March 2026, Concord New Energy Group (“CNE Group”) signed a Memorandum of Understanding (MOU) in Singapore with Bridge Data Centres (BDC), a portfolio company of Bain Capital.Under the MOU, the parties will jointly explore diversified energy supply pathways integrating renewable energy and hydrogen solutions on a global basis to support the low-carbon transformation of data centre infrastructure. The collaboration includes the development of Singapore’s first barge-based hydrogen power generation solution designed specifically for artificial intelligence (AI) digital infrastructure.The partnership will encompass hydrogen power pathway studies, system integration design, energy storage deployment assessments, and optimization of power procurement mechanisms. Through these initiatives, both parties aim to enhance energy reliability, operational flexibility, and long-term sustainability for next-generation data centre campuses.CNE brings extensive expertise in renewable energy development and integrated energy systems, while BDC contributes leading operational capabilities in digital infrastructure. The collaboration is expected to accelerate the convergence of clean energy solutions and advanced computing infrastructure.As artificial intelligence and high-performance computing continue to reshape regional economies, this partnership will further support Singapore’s ambition to remain a leading digital hub powered by low-carbon energy.Bridge Data Centres (BDC)Headquartered in Singapore, Bridge Data Centres (BDC) is a leading hyperscale data centre platform in the Asia Pacific region backed by Bain Capital. The company focuses on the development and operation of high-performance digital infrastructure across multiple high-growth markets. BDC is committed to delivering resilient, reliable, and sustainable infrastructure solutions to support the rapid growth of cloud computing and artificial intelligence (AI) applications.Concord New Energy Group (CNE)Headquartered in Singapore, Concord New Energy Group is a renewable energy developer and operator listed on the Main Board of the Hong Kong Stock Exchange and the Singapore Exchange. With 20 years of experience in the renewable energy industry, CNE’s portfolio covers wind power, photovoltaic (PV) and energy storage projects. The Group has strong capabilities in project development, investment, construction and long-term asset management, and currently holds over 5GW of equity capacity globally. CNE remains committed to promoting the application of clean energy and providing integrated energy solutions to support sustainable development. Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
- First glucokinase-activator (GKA) approval outside mainland China- Approval supports a differentiated approach to Type 2 diabetes (T2D) management- Hong Kong will serve as Hua Medicine’s launchpad for international market expansionSHANGHAI, HONG KONG, Mar 3, 2026 - (ACN Newswire via SeaPRwire.com) – Hua Medicine ("the Company", Hong Kong Stock Exchange Stock Code: 2552.HK) announced today that its global first-in-class glucokinase activator (GKA) dorzagliatin (Trade name: MYHOMSIS(R)) has been approved for marketing by the Pharmaceutical Service of the Department of Health of the Hong Kong Special Administrative Region of China for the treatment of Type 2 diabetes in adults.Under Hong Kong's "1+" pharmaceutical regulatory innovation mechanism, the approval follows the acceptance of dorzagliatin’s New Drug Application (NDA) by the Hong Kong Department of Health in September 2025. As the first innovative drug for chronic metabolic diseases approved for marketing since the launch of "1+" mechanism, the successful rollout of dorzagliatin not only brings an entirely new treatment option for patients with Type 2 diabetes in Hong Kong, but also marks a crucial step in Hua Medicine's strategic layout to expand from China to the Southeast Asian and global markets with Hong Kong as its hub.Cao Beili, Vice President of Department of Corporate Operation and Great Bay Development of Hua Medicine, stated: “Among the three new drugs approved under the ‘1+’ mechanism, MYHOMSIS(R) is an innovative medicine developed in China that has obtained approval from the National Medical Products Administration (NMPA). It is also the first primary care drug product approved under the ‘1+’ mechanism.”Dr. Chen Li, Founder, Executive Director and CEO of Hua Medicine, stated: "The approval of dorzagliatin for marketing in Hong Kong is a significant milestone in the Company's development. As one of the first original innovative drugs to benefit from Hong Kong's '1+' mechanism, this achievement not only reflects Hong Kong's support for innovative drugs, but also validates the global competitiveness of China's independently developed innovative drugs. The launch in Hong Kong is a key step for Hua Medicine to enter the Southeast Asian and international markets. We will take Hong Kong as the hub to build a marketing network and R&D cooperation system radiating Southeast Asia and connecting the world, bringing China's independently developed innovative drugs to more diabetes patients in countries and regions around the globe. Meanwhile, we will continue to advance the marketing approval process of dorzagliatin in the Macao Special Administrative Region of China to achieve its full rollout in the Guangdong-Hong Kong-Macao Greater Bay Area, and relying on the regional advantages in mechanisms, talent and medical resources, we will advance the clinical expansion of new indications and the international promotion of MYHOMSIS(R)."Global First-in-Class & Local Clinical Data: Establishing a New Model for Restoring Glycemic Homeostasis in Diabetes TreatmentType 2 diabetes remains a progressive disease characterized by impaired glucose regulation and declining pancreatic β-cell function over time. While many therapies address downstream consequences of dysregulated blood glucose, dorzagliatin is a global first-in-class GKA innovative drug independently developed by Hua Medicine. Its core innovation lies in repairing the impaired function and expression of glucokinase (GK) in patients with Type 2 diabetes, thereby improving patients' glucose sensitivity from the source and ameliorating the imbalance of glycemic homeostasis. The drug acts on multiple key organs of glucose metabolism including the islets, intestines and liver, exerting a synergistic effect through multiple targets:- enhancing glucose-stimulated insulin secretion from pancreatic β-cells, - promoting GLP-1 release from intestinal L-cells, and - modulating hepatic glucose output through glycogen regulation.This coordinated, multi-organ profile differentiates dorzagliatin from existing oral antidiabetic therapies and reflects Hua Medicine’s focus on addressing glucose homeostasis dysregulation and controlling the progression of Type 2 diabetes and the occurrence of its complications from the source.Dorzagliatin was approved for marketing by the China National Medical Products Administration (NMPA) in September 2022 for two indications, both to improve blood glucose control for T2D patients:1) It can be used as mono-therapy treatment for drug-naïve T2D patients, as first-line treatment,2) When metformin hydrochloride alone exhibits poor blood glucose control in T2D patients, it can be used in combination with metformin hydrochloride.Since January 1, 2024, dorzagliatin is included in China’s National Reimbursement Drug List and has been prescribed to over 200,000+ patients in mainland China already. In June last year, the interim analysis of real-world research presented at the Scientific Sessions of the American Diabetes Association (ADA) further verified its efficacy and safety in a broad population.Leveraging Hong Kong's "1+" Mechanism to Accelerate Access to Innovative Drugs for Hong Kong ResidentsThe formulation and implementation of Hong Kong's "1+" pharmaceutical regulatory innovation mechanism is an important measure taken by the Hong Kong SAR Government to enhance the accessibility of medical innovation and attract high-quality global innovative drugs to launch in Hong Kong. This mechanism allows innovative drugs already approved in designated major markets (such as China, the United States, Europe, etc.) to secure marketing approval in Hong Kong through a simplified application pathway and data mutual recognition mechanism, which greatly shortens the time cycle from R&D to clinical access of innovative drugs for Hong Kong patients, while ensuring the safety and efficacy of the drugs.With its local clinical data, clear therapeutic value and good safety record in China, dorzagliatin has become one of the first original Chinese innovative drugs to be rapidly approved through Hong Kong's "1+" mechanism. This approval is an important practical achievement of the mechanism in enabling the launch of global innovative drugs in Hong Kong, which not only reflects the high recognition of the clinical value of dorzagliatin by the Department of Health of Hong Kong, but also highlights the core role of the "1+" mechanism in connecting the Chinese market and international pharmaceutical markets and accelerating the flow of innovative medical resources.Building on Hong Kong's Experience to Empower Global Diabetes ManagementDiabetes is a major challenge for global public health. According to the 2025 Global Diabetes Map released by the International Diabetes Federation (IDF), the number of adults aged 20-79 with diabetes worldwide reached 589 million in 2024, and this figure is projected to rise to 853 million by 2050. In Hong Kong, China, diabetes is also a prominent public health issue. According to the Population Health Survey 2020-2022 conducted by the Department of Health of Hong Kong, 6.9% of people aged 15 or above reported having been diagnosed with diabetes by a doctor, and an additional 1.8% had hyperglycemia without being diagnosed with diabetes. In 2022, more than 600 death registrations in Hong Kong were attributed to diabetes, ranking 11th among the leading causes of death.[1]Hong Kong has accumulated rich experience in diabetes management, forming a comprehensive system covering disease surveillance, prevention, screening, treatment and community management, and its community-based public-private partnership model for diabetes management has achieved remarkable results. Following its launch in Hong Kong, dorzagliatin is expected to be deeply integrated with the local mature diabetes management system, and help improve patients' quality of life, control disease progression and reduce medical burdens through personalized treatment plans.At present, Hua Medicine is collaborating with the research team led by Professor Juliana Chan, a world-renowned endocrinologist from the Chinese University of Hong Kong, to conduct the SENSITIZE series of studies to further explore the mechanism by which dorzagliatin improves pancreatic β-cell glucose sensitivity. The published results of the SENSITIZE 1/2 studies have shown that dorzagliatin can significantly improve the second-phase insulin secretion and β-cell glucose sensitivity in patients with glucokinase monogenic diabetes (GCK-MODY or MODY-2), and enhance basal insulin secretion in patients with newly diagnosed type 2 diabetes. In addition, dorzagliatin can also significantly improve the second-phase insulin secretion and β-cell glucose sensitivity in populations with impaired glucose tolerance (IGT).Hua Medicine will continue to deepen cooperation with top local research institutions and clinicians to further explore the potential of dorzagliatin in pre-diabetes intervention, early treatment and complication prevention, accumulate additional international clinical data, lay a solid foundation for the expansion of its indications and global market promotion, and establish personalized intervention and treatment management plans for patients with pre-diabetes and Type 2 diabetes.As a core hub of the Asian pharmaceutical market, Hong Kong, with its unique geographical location, advanced medical infrastructure, international business environment and close linkage with the Southeast Asian market, is expected to become the strategic starting point for Hua Medicine to expand into Southeast Asia and the global market. Relying on Hong Kong's advantage of pharmaceutical regulatory standards aligned with international norms and leveraging its financial and capital market strengths, Hua Medicine will further advance the registration and application of dorzagliatin in the Southeast Asian market to quickly cover the large population of diabetes patients in the region. Meanwhile, the Company will deepen cooperation with partners in the global pharmaceutical industry chain to accelerate the international commercialization of dorzagliatin.Forward-Looking StatementsThis document contains statements regarding Hua Medicine's and its products' future expectations, plans and prospects. Such forward-looking statements relate only to events or information as of the date on which the statements are made in this document and are subject to change in light of future developments. Except as required by law, the Company shall not be obligated to update or publicly revise any forward-looking statements or unforeseen events after the date of such statements, whether as a result of new information, future events or other circumstances. Please read this document carefully and understand that actual future performance or results of the Company may differ materially from expectations due to various risks, uncertainties or other statutory requirements.About Hua MedicineHua Medicine (The “Company”) is an innovative drug development and commercialization company based in Shanghai, China, with companies in the United States and Hong Kong. Hua Medicine focuses on developing novel therapies for patients with unmet medical needs worldwide. Based on global resources, Hua Medicine teams up with global high-calibre people to develop breakthrough technologies and products, which contribute to innovation in diabetes care. Hua Medicine's cornerstone product HuaTangNing (dorzagliatin tablets), targets the glucose sensor glucokinase, restores glucose sensitivity in T2D patients, and stabilizes imbalances in blood glucose levels in patients. HuaTangNing was approved by the National Medical Products Administration (NMPA) of China on September 30th, 2022. It can be used alone or in combination with metformin for adult T2D patients. For patients with chronic kidney disease (CKD), no dose adjustment is required. It is an oral hypoglycemic drug that can be used for patients with Type 2 diabetes with renal function impairment. In February 2026, dorzagliatin (Trade name: MYHOMSIS(R)) was approved for marketing by the Pharmaceutical Services of the Department of Health of the Government of the Hong Kong Special Administrative Region of China.For more informationHua MedicineWebsite: www.huamedicine.comInvestorsEmail: ir@huamedicine.comMediaEmail:pr@huamedicine.com[1] https://www.chp.gov.hk/sc/features/37474.html Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
香港, 2026年3月3日 - (亚太商讯 via SeaPRwire.com) - 上周五，中证指数有限公司正式发布中证港股通机器人主题指数（代码：932599），该指数旨在追踪港股通范围内机器人主题上市公司的整体表现。作为中国骨科医疗领域的领先企业，爱康医疗（1789.HK）成功获纳入该指数成份股，标志着公司在医疗机器人领域的创新实力及商业化能力获得市场认可，有望提升爱康医疗的投资者关注度。中证港股通机器人主题指数（932599.CSI）由中证指数有限公司编制，成份股数量为30只，覆盖港股通范围内为机器人智能化提供关键技术的企业。这些公司涉及感知、规划决策、运动控制与执行等核心环节的软件和硬件产品，包括传感器、人工智能算法、自动化设备等细分领域。该指数的推出，为投资者提供了便捷的工具，以把握机器人产业在工业、医疗、服务等应用场景中的增长机遇。爱康医疗是中国骨科植入物领域的创新领导者，自2003年成立以来，始终致力于通过前沿技术推动骨科医疗发展。比如，其自主研发的关节置换手术导航定位系统（K3+智能手术机器人）就融合了高精度感知，符合该指数对“机器人智能化”主题的严格筛选标准。爱康医疗的纳入反映了其在港股通板块中的代表性，以及医疗机器人行业在人口老龄化和技术升级趋势下的高潜力。指数纳入通常意味着成份股将获得被动资金跟踪，例如挂钩该指数的ETF或衍生品。中证港股通机器人主题指数作为新兴投资标的，有望吸引境内外机构资金配置。爱康医疗此次入选，或有助于扩大投资者基础，优化股权结构，并进一步巩固其在全球医疗科技竞争中的地位。随着人工智能与机器人技术的深度融合，中证港股通机器人主题指数有望成为港股市场的重要风向标。爱康医疗的加入，不仅是对其技术实力的肯定，也为整个医疗机器人赛道带来积极信号。 Copyright 2026 亚太商讯 via SeaPRwire.com. All rights reserved. www.acnnewswire.com
香港, 2026年3月3日 - (亚太商讯 via SeaPRwire.com) - 2026年3月2日，协合新能源集团（CNE 集团） 与贝恩资本旗下BDC在新加坡签署谅解备忘录（MOU）。根据备忘录，双方将在全球范围内共同探索融合可再生能源与氢能解决方案的多元化能源供应路径，支持数据中心基础设施的低碳转型, 包括提供新加坡首个专为人工智能数字基础设施设计的驳船式氢能发电解决方案。合作内容包括：氢能发电路径研究、系统集成设计、储能部署评估，以及优化电力采购机制。双方希望通过这些举措，提升下一代数据中心园区的能源可靠性、运营灵活性与长期可持续性。协合新能源在可再生能源开发与综合能源系统方面拥有专业优势，BDC则在数字基础设施领域具备领先运营能力，双方合作旨在加速清洁能源与先进算力基础设施的融合。随着人工智能与高性能计算持续重塑区域经济，本次合作也将助力新加坡保持领先数字枢纽的地位，实现以低碳能源为支撑的发展目标。Bridge Data Centres（BDC）总部位于新加坡，贝恩资本（Bain Capital）旗下在亚太地区领先的超大规模数据中心平台，专注于高性能数字基础设施的开发与运营。公司业务覆盖多个高增长市场，致力于提供韧性、可靠、可持续的基础设施，支持云计算与人工智能应用的快速扩张。协合新能源集团（CNE）总部位于新加坡，是在香港交易所及新加坡交易所两地主板上市的可再生能源开发商与运营商，拥有二十年可再生能源行业经验，业务涵盖风电、光伏及储能项目。集团在项目开发、投资、建设及长期资产管理方面具备雄厚实力，目前在全球持有的权益装机容量超过5 吉瓦（GW）。协合新能源始终致力于推动清洁能源应用，提供综合能源解决方案，助力可持续发展。 Copyright 2026 亚太商讯 via SeaPRwire.com. All rights reserved. www.acnnewswire.com
LOS ANGELES, CA, Mar 3, 2026 - (ACN Newswire via SeaPRwire.com) - Pacific Avenue Capital Partners ("Pacific Avenue"), a Los Angeles-headquartered private equity firm focused on corporate carve-outs and other complex transactions in the middle market, today announced that an affiliate of Pacific Avenue has entered into an agreement to acquire Care.com from IAC Inc. (NASDAQ:IAC).Care.com is a leading platform and brand in the growing $400 billion market for family care, anchored by the largest online network of background-checked child and senior caregivers in the U.S.Care.com operates both a scaled consumer marketplace and an enterprise benefits platform. Since 2007, more than 45 million people have turned to Care.com to find child care, senior care, pet care and housekeeping support. Care.com also partners with more than 700 employers, including many of the Fortune 100, to deliver care-related benefits that combine access to the Care.com platform and comprehensive backup care solutions provided in-home, in-center and through camps and activities, along with a broader suite of care support solutions.As a standalone company, Care.com will accelerate its enterprise expansion while continuing to strengthen its consumer marketplace. With Pacific Avenue's investment and support, the Company will move faster on product innovation, scale its employer partnerships, and enhance the platform experience for the millions of families and caregivers who rely on it."We are thrilled to announce the Care.com transaction, the first investment in Pacific Avenue Fund II. The transaction aligns perfectly with Pacific Avenue's track record of executing corporate carve-outs to acquire market-leading businesses. Care.com is an industry leader with a brand built on trust, a strong reputation, and a proven leadership team. Care.com has a clear path for growth as an independent, standalone company. We're excited to work with Brad, Michelle, and the Care.com team to unlock the company's full potential in serving families, caregivers, and its enterprise partners."- Chris Sznewajs, Founder and Managing Partner of Pacific Avenue"Caregiving is foundational to how families live and how businesses operate," said Brad Wilson, CEO of Care.com. "This partnership allows us to deepen our support for families and caregivers while expanding the ways we serve employers who recognize that caregiving is a workforce issue. We're entering this next chapter with strength, clarity, and a renewed commitment to building the most beloved platform for care.""Care.com enters this next chapter with a profitable foundation. This transaction positions us to further invest in our platform, expand our employer partnerships, and scale efficiently while maintaining the financial discipline that has strengthened our performance," said Michelle Arbov, Chief Financial Officer of Care.com.The transaction is subject to customary closing conditions and is expected to be completed in the first half of 2026.Moelis & Company LLC served as exclusive financial advisor to Pacific Avenue. Weil, Gotshal & Manges LLP served as legal advisor to Pacific Avenue.KPMG LLP provided accounting and tax advisory services. J.P. Morgan Securities LLC acted as exclusive financial advisor to IAC and Latham and Watkins LLP served as legal counsel to IAC.About Pacific Avenue Capital PartnersPacific Avenue Capital Partners is a global private equity firm headquartered in Los Angeles with an office in Paris. The firm is focused on corporate divestitures and other complex situations in the middle market. Pacific Avenue has extensive M&A and operations experience, allowing the firm to navigate complex transactions and unlock value through operational improvement, capital investment, and accelerated growth. Pacific Avenue takes a collaborative approach in partnering with strong management teams to drive lasting and strategic change while assisting businesses in reaching their full potential. Pacific Avenue has approximately $3.8 billion of Assets Under Management (AUM) as of September 30, 2025. For more information, please visit www.pacificavenuecapital.com.Contact InformationChris BaddonManaging Directorcbaddon@pacificavenuecapital.comSOURCE: Pacific Avenue Capital Partners Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
洛杉矶，加利福尼亚州, 2026年3月3日 - (亚太商讯 via SeaPRwire.com) - 太平洋大道资本合伙公司（“太平洋大道”），一家总部位于洛杉矶、专注于中型市场企业剥离及其他复杂交易的私募股权公司，今日宣布其关联公司已与IAC公司（纳斯达克代码：IAC）达成协议，将收购Care.com。Care.com是家庭护理领域规模达4000亿美元的增长型市场中领先的平台与品牌，依托美国规模最大的在线背景核查儿童及长者护理人员网络。Care.com同时运营着规模化的消费者市场平台与企业福利平台。自2007年以来，已有超过4500万人通过Care.com获取儿童看护、长者护理、宠物照料及家政服务支持。Care.com还与700余家雇主（包括众多《财富》百强企业）建立合作，提供融合平台服务的照护福利方案。这些方案涵盖居家照护、中心照护、夏令营及活动照护等全方位后备支持，并延伸至更广泛的照护支持体系。作为独立运营的公司，Care.com将在持续强化消费者市场的同时加速企业级业务拓展。在太平洋大道基金的投资支持下，公司将加速产品创新步伐，扩大雇主合作伙伴网络，并为数百万依赖该平台的家庭及护理人员提升服务体验。"我们欣喜宣布Care.com交易——这是太平洋大道基金二期首笔投资。此次交易完美契合我们通过企业剥离收购市场领先企业的投资策略。Care.com作为行业领军者，拥有建立在信任基础上的品牌、卓越声誉及经验丰富的管理团队。作为独立运营的公司，其发展路径清晰明确。我们期待与Brad、Michelle及Care.com团队携手，充分释放公司在服务家庭、护理人员及企业合作伙伴方面的潜力。"——太平洋大道创始人兼管理合伙人克里斯·斯涅瓦伊斯“照护服务是家庭生活与企业运营的基石，”Care.com首席执行官布拉德·威尔逊表示，“此次合作使我们既能深化对家庭及照护者的支持，又能拓展服务模式，满足那些将照护视为劳动力议题的企业需求。我们将以强大的实力、清晰的愿景和全新的承诺开启新篇章，打造最受青睐的照护服务平台。”“Care.com以盈利基础开启新篇章。本次交易使我们能够在保持财务纪律的同时，进一步投资平台建设、拓展雇主合作网络并实现高效规模扩张，”Care.com首席财务官米歇尔·阿博夫表示。该交易须满足惯例交割条件，预计将于2026年上半年完成。Moelis & Company LLC担任Pacific Avenue独家财务顾问，Weil, Gotshal & Manges LLP担任其法律顾问。KPMG LLP提供会计与税务咨询服务，J.P. Morgan Securities LLC担任IAC独家财务顾问，Latham and Watkins LLP担任IAC法律顾问。关于太平洋大道资本合伙公司太平洋大道资本合伙公司是一家总部位于洛杉矶、在巴黎设有办事处的全球私募股权公司。公司专注于中型市场企业的资产剥离及其他复杂交易场景。凭借丰富的并购与运营经验，太平洋大道能够驾驭复杂交易，通过运营优化、资本投入及加速增长释放企业价值。公司秉持协作理念，与优秀管理团队携手推动持久战略变革，助力企业实现最大潜能。截至2025年9月30日，太平洋大道管理资产规模（AUM）约达38亿美元。更多信息请访问www.pacificavenuecapital.com。联系方式Chris BaddonManaging Directorcbaddon@pacificavenuecapital.comSOURCE: Pacific Avenue Capital Partners Copyright 2026 亚太商讯 via SeaPRwire.com. All rights reserved. www.acnnewswire.com
SYDNEY, March 3, 2026 - (ACN Newswire via SeaPRwire.com) – Accounts payable automation company Lessn today announced that it exceeded $100 million being transacted on its platform in February 2026 within its first year of operations, as the company considers a new investment round.The platform’s accounts payable technology links to medium to large owner-operators businesses’ accounting systems, typically Xero or MYOB, with funding sources such as rewards cards and bank-to-bank. Its system allows companies to improve cash flow, earn rewards and take advantage of pay-early discounts whilst maximising accuracy, automation and security for accounts teams.Clients include medical centres, real estate and construction businesses along with high net worth family offices.Lessn founder David Grossman is optimistic about the company’s continued fast growth trajectory.“Lessn surged through its $2 million revenue milestone in February 2026 and grew fivefold in recent months. We have found a sweet spot at the higher end of the medium to large-sized business market serving businesses that make payments of more than $100,000 per month, some into the millions.”“Lessn's payments orchestration platform goes beyond card payments. It wraps around accounting, banking, and card portals, opening a wide range of payment features surrounding accounts payable. This suits businesses that want to maximise rewards points and reduce trade finance costs whilst ensuring audit trails across their AP,” he said.During recent months, the company has attracted growing interest from both existing and new investors reflecting its strong growth profile, with billionaire property developer Theo Onisforou among investors “very seriously considering investing in the next investment round.”Investors in Lessn include Brendan Cook, founder of oOh!media, Dean Swan of monday.com and Michael Masterman, co-founder of Element Zero and Po Valley Energy, with $3 million already been invested in the company and its unique technology.As the company has grown its valuation has increased significantly, with a small investment round having raised $300,000 at a valuation of $30 million in November 2025.The business claims a serviceable addressable market of more than 1 million small to medium business in Australia, valued at more than $36 billion[1]. The company also has opportunities for international growth where countries have similar payments environments including Asia, New Zealand and the UK.[1] Australian Small Business and Family Enterprise Ombudsman, 2025 Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
Technology Graphene Production Plant with Capacity of 10 Tons Per AnnumBrisbane, Australia--(Newsfile Corp. - March 2, 2026) - Graphene Manufacturing Group Limited (TSXV: GMG) (OTCQX: GMGMF) ("GMG" or the "Company") is pleased to announce that the Board of Directors of GMG has approved the investment of an additional AU$1.4 million, which is expected to complete the construction of the Company's Gen 2.0 Graphene Manufacturing Technology plant (the "Gen 2.0 Plant") capable of producing 10 tons of graphene per annum. The total capital cost for the Gen 2.0 Plant is an estimated AU$2.3 million, an expenditure that was largely included in the proposed use of proceeds for the March 2025 Bought Deal Financing of C$5,796,000.The Company's Board is happy with progress to date and is confident that the Gen 2.0 Plant project is on track to meet its original budget and expectation to be online by the middle of 2026. The early work and procurement of the long lead items is substantially complete, and engineering and design has commenced.The Gen 2.0 Plant is expected to be largely self-powered from standalone energy generation that utilizes renewable sources, an energy storage system and hydrogen enriched natural gas provided by tail gas power generation.Figure 1: GMG Headquarters LayoutTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/8082/285998_graphene1.jpgGMG's Managing Director and CEO, Craig Nicol, commented: "We are very excited with the progress to date of the Gen 2.0 project and are looking forward to bringing the plant online - on time and on budget."GMG's Chairman and Director, Jack Perkowski, commented: "A successful Gen 2.0 project will form the basis for the Company's future expansion plans."Quarterly Financial Results UpdateThe Company is pleased to provide a further update to its most recent Quarterly Financial Results as published and filed on March 2, 2026. The Company's results are reported under International Financial Reporting Standards (IFRS). This news release may include certain Non-IFRS measures as reported in the Company's Quarterly Management Discussion and Analysis ("MD&A") that are used internally by management to assess the underlying operational performance of our business.Understanding the Non-Cash Warrant LiabilityAs at December 31, 2025, the Company had 18.6 million outstanding share purchase warrants with exercise prices denominated in Canadian dollars. Because GMG's functional currency is the Australian dollar, IFRS accounting standards require these warrants to be treated as a derivative financial liability and revalued at fair value each reporting period.During Q2 FY2026, GMG's share price increased 178%, a strong performance that reflects growing market confidence. However, under IFRS, this share price increase results in a higher calculated fair value for the warrant liability, which in turn generates a non-cash loss in the Company's statement of profit or loss and a corresponding increase in total liabilities on the balance sheet.Key Points for Shareholders:This accounting adjustment is entirely non-cash and does not affect GMG's cash position, operations, or business fundamentals.The Company's cash balance at December 31, 2025 was A$13.9 million, up from A$7.7 million at June 30, 2025.Excluding the warrant liability, the Company's underlying net assets position at December 31, 2025 was positive A$21.5 million.The warrant liability decreases when warrants are exercised (converting the liability to equity and adding cash), or when the warrants expire or when the share price declines. Subsequent to December 31, 2025, approximately 2.9 million warrants were exercised for gross proceeds of A$3.6 million, further strengthening the Company's cash position and reducing the warrant liability by a corresponding amount.Management views the warrant liability as a technical accounting matter that does not reflect the Company's operational performance or strategic progress. The Company's market capitalization at December 31, 2025 was approximately USD$200 million.Non-IFRS MeasuresA Non-IFRS measure that the Company refers to in its MD&A is EBITDA, which is revenue before finance costs, tax, depreciation and amortization, and after adjusting for certain non-cash items and other earnings adjustment items. The Company believes that EBITDA provides useful information to assess the operational performance of the business, however, Non-IFRS measures do not have a standardized meaning under IFRS, have not been subject to audit, and should not be considered as an indication of or alternative to an IFRS measure of financial performance.Table 1: Calculation of EBITDATo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/8082/285998_66807f3f541149e1_017full.jpgThe following table provides the reconciliation of the underlying loss for the period and adjusted basic diluted loss per share, as adjusted and calculated by the Company. This reconciliation adjusts for the non-cash change in fair value of warrants which is included in the Company's Unaudited Condensed Consolidated Interim Statement of Profit or Loss and Other Comprehensive Income.Table 2: Calculation of the unaudited adjusted loss for the period and adjusted basic and diluted loss per share, as adjusted and calculated by the Company.To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/8082/285998_66807f3f541149e1_018full.jpg(1) Due to the loss recognized for the years, all outstanding stock options, warrants, broker warrants, restricted share units and performance share units were excluded from the calculation of diluted loss per share due to their anti-dilutive effect. (2) Calculated using loss for the period over the weighted average number of ordinary shares as per IFRS.(3) Calculated using adjusted loss for the period over the weighted average number of ordinary shares (non-IFRS measure).About GMG:GMG is an Australian based clean-technology company which develops, makes and sells energy saving and energy storage solutions, enabled by graphene manufactured via in house production process. GMG uses its own proprietary production process to decompose natural gas (i.e. methane) into its natural elements, carbon (as graphene), hydrogen and some residual hydrocarbon gases. This process produces high quality, low cost, scalable, 'tuneable' and low/no contaminant graphene suitable for use in clean-technology and other applications.The Company's present focus is to de-risk and develop commercial scale-up capabilities, and secure market applications. In the energy savings segment, GMG has initially focused on graphene enhanced heating, ventilation and air conditioning ("HVAC-R") coating (or energy-saving coating) which is now being marketed into other applications including electronic heat sinks, industrial process plants and data centres. Another product GMG has developed is the graphene lubricant additive focused on saving liquid fuels initially for diesel engines.In the energy storage segment, GMG and the University of Queensland are working collaboratively with financial support from the Australian Government to progress R&D and commercialization of graphene aluminium-ion batteries ("G+AI Batteries"). GMG has also developed a graphene additive slurry that is aimed at improving the performance of lithium-ion batteries.GMG's 4 critical business objectives are:Produce Graphene and improve/scale cell production processesBuild Revenue from Energy Savings ProductsDevelop Next-Generation BatteryDevelop Supply Chain, Partners & Project Execution CapabilityFor further information, please contact:Craig Nicol, Chief Executive Officer & Managing Director of the Company at craig.nicol@graphenemg.com, +61 415 445 223Leo Karabelas at Focus Communications Investor Relations, leo@fcir.ca, +1 647 689 6041Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release.Cautionary Note Regarding Forward-Looking StatementsThis news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends", "expects" or "anticipates", or variations of such words and phrases, or statements that certain actions, events or results "may", "could", "should", "would" or will "potentially" or "likely" occur. These statements, referred to herein as "forward-looking statements", are not historical facts, are made as of the date of this news release and include, without limitation, statements regarding, expected capital requirements to complete the Gen 2.0 Plant, expected graphene production capacity of the Gen 2.0 Plant and the timing of its construction and commissioning, the extent to which the plant will be largely self-powered from standalone energy generation, the implications of the Gen 2.0 Plant on future expansion plans, the Company's assessment of the warrant liability as a technical accounting matter and management's view that this liability does not reflect operational performance, expectations regarding future warrant exercises, management's belief that EBITDA is a useful measure of operational performance, the Company's four critical business objectives.Such forward-looking statements are based on a number of assumptions of management, including, without limitation, assumptions that the Company's operational and strategic progress will continue, that the Gen 2.0 Plant will be constructed, commissioned and ramped up broadly on time and on budget, that the technology deployed at the Gen 2.0 Plant will perform as expected, that sufficient customer demand will develop for products produced at the Gen 2.0 Plant, that the warrant liability will decrease as warrants are exercised or expire, that the Company's cash position and business fundamentals remain strong, that future financial performance will improve, and that the accounting treatment of warrants under IFRS will remain unchanged.Additionally, forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of GMG to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation, fluctuations in the Company's share price that may increase the warrant liability, failure to complete or commission the Gen 2.0 Plant as currently planned, construction, cost-overrun, technology and ramp-up risks associated with the Gen 2.0 Plant, failure to achieve operational milestones, inability to commercialize products, changes in accounting standards, adverse market conditions, foreign exchange volatility, and the risk factors set out under the heading "Risk Factors" in the Company's annual information form dated November 4, 2025 available for review on the Company's profile at www.sedarplus.ca.Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial outlook that are incorporated by reference herein, except in accordance with applicable securities laws.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/285998 Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
NPV:After-tax NPV(5%) of C$6.73 billion and IRR of 23% at Consensus Metal Prices After-tax NPV(5%) of C$13.53 billion and IRR of 39% at Spot Metal Prices.NPV Including scandium and the associated processing circuit: After-tax NPV(5%) of C$6.94 billion an IRR of 19% at Consensus Metal PricesAfter-tax NPV(5%) of C$14.52 billion and IRR of 32% at Spot Metal Prices.Vancouver, British Columbia--(ACN Newswire via SeaPRwire.com - March 2, 2026) - Doubleview Gold Corp (TSXV: DBG) (OTCQB: DBLVF) (FSE: 1D4) ("Doubleview" or the "Company") is pleased to announce the results of its Preliminary Economic Assessment (PEA) of its 100%-owned polymetallic Hat porphyry project ("Hat" or "the Project"), in northwestern British Columbia. With major content of copper, gold, cobalt, silver, and scandium, Hat becomes an important source of critical minerals.Three processing scenarios were evaluated-Scenario A1 (A1) a Cu-Au-Ag-Co flotation base case using current testwork recoveries[1], Scenario A2 (A2), the same base case using expected recoveries1, and Scenario B (B), a Cu-Au-Ag-Co flowsheet with an added hydrometallurgical circuit and scandium recovery circuit-with results indicating the Project is financially attractive even without the scandium component.Highlights:Robust Project Economics: The PEA demonstrates a high-margin operation with an After-Tax NPV(5%) of C$4.96 billion (A1), C$6.73 billion (A2), or C$6.94 billion (B), and an IRR of 19% (A1), 23% (A2), or 19% (B) at analyst consensus metal prices[2]. Using a spot-price scenario[3], the Project delivers a compelling after-tax NPV(5%) of C$11.05 billion (A1), 13.53 billion (A2), or C$14.52 billion (B) and an IRR of 34% (A1), 39% (A2), or 32% (B).Sensitivity Highlight: Project economics show the greatest leverage to overall metal prices, with NPV (5%) ranging from C$3.2 billion to C$10.2 billion (IRR: 14%-32%) at ±20% on all metals; even under additional +20% CAPEX and +20% OPEX sensitivities, applied on top of a 25% contingency already embedded in the base case, all scenarios deliver IRRs of 16% or better, and Scenario B provides additional scandium oxide upside with NPV(5%) of C$6.2 billion-C$7.7 billion (IRR: 18%-20%) at ±40% metal price.Tier 1 Scale and Longevity: The mine plan supports a multi-decade life of 25 years at a 120,000 tonnes-per-day processing rate, underpinned by a resource base of 609 Mt at 0.43% CuEq[4] in the Measured and Indicated categories and 503 Mt at 0.41% CuEq4 in the Inferred category.High-Output Production Profile B: Envisioned as a conventional large-scale open-pit operation, the Project is expected to produce an average of over 74 kt of copper, 254 koz of gold, 376 koz of silver and 2.7 kt of cobalt annually during the first 10 years, with life-of-mine (LOM) average production of 67.6 kt Cu, 217 koz Au, 348 koz Ag, 2.5 kt Co, and 128 tonnes of scandium oxide per year. (NOTE: projected cobalt to be about 68% of North America's cobalt production based on 2024 production)Strategic Importance for Critical Minerals: The Project is positioned as a primary North American source of copper, scandium, and cobalt. With approximately 2.42 billion pounds of copper, 80 million pounds of cobalt and 2,415 tonnes of scandium oxide contained[5] in the Measured and Indicated categories, the Project represents an important discovery of critical minerals.Stable, Supportive Jurisdiction: Located in a premier mining district in British Columbia, the Project benefits from a stable regulatory environment. The Company is committed to engaging with local First Nations in a respectful manner and to working toward positive and constructive relationships as the Project advances.Catalyst for Development: The PEA serves as the technical foundation for an immediate transition into a Pre-Feasibility Study (PFS), providing a clear roadmap for early works and permitting activities in 2026 and 2027.Farshad Shirvani, President and CEO of Doubleview Gold Corp., commented, "The results of this PEA confirm the scale, strength and long-term potential of the Hat Project. Delivering a post-tax NPV(5%) of up to C$6.94 billion and IRR of up to 23% at consensus prices, and even stronger metrics at spot prices, validates years of disciplined exploration and technical work by our team. Hat is demonstrating Tier 1 characteristics with a 25-year mine life, strong annual production profile and meaningful free cash flow generation. Importantly, the Project stands on its own without reliance on scandium, while still preserving significant upside from critical minerals as markets mature. We are excited to advance Hat to Pre-Feasibility and continue building a major Canadian critical metals project."Doubleview acknowledges that the Project is located on the traditional territories of the Tahltan Nation and the Taku River Tlingit First Nation, and recognizes their enduring relationship to and stewardship of the land and waters. Doubleview is committed to respectful, transparent, and ongoing engagement with First Nations and local communities whose territories overlap the Project area and access routes, with a focus on protecting water and the environment and advancing responsible development.PEA OVERVIEWThe PEA contemplates a conventional open-pit mine and processing operation with a 25-year mine life at a 120,000 t/d (42 Mt/a) plant throughput. Two processing pathways were evaluated, A1 and its alternative, A2, and B: the first alternative, A, is a Cu-Au-Ag-Co flotation concentrator with two recovery cases based on current metallurgical testwork, and A2, reflecting expected performance (Figure 1); and B, a full circuit that retains the base flowsheet and adds a downstream hydrometallurgical scandium recovery circuit (Figure 2).The tailings storage facility is a centreline-raised facility built with compacted cycloned sand from tailings underflow, and engineered drainage for stability, with site-contact waters (including seepage and pit dewatering) recycled to the process plant and final closure involving pond drainage and reclamation. The Project is expected to rely on grid power via an extended transmission line.Tables 1 to 3 summarize the key results of the PEA, including production, operating costs, capital expenditures, and the principal financial metrics; the sections that follow provide additional detail on the underlying assumptions, project design, and study outcomes.Table 1: PEA Study Summary-ProductionMetric UnitScenario A1Scenario A2Scenario BMining SummaryStrip ratiot:t1.60Production Summary LOMAverage Annual ThroughputMt42CuEq Head Grade[6], [7]%0.42Cu Head Grade%0.19Au Head Gradeg/t0.19Ag Head Gradeg/t0.51Co Head Gradeg/t0.78Sc Head Grade6g/t28.35Cu Recovery%808985[8]Au Recovery%6675898Ag Recovery%5353688Co Recovery%3030788Sc Recovery%N/A728Overall Mass of Tailings to Process[9]%N/A12.5Year of Production Start of Sc2O38yearN/A4Average Annual Cu Productionkt63.670.867.6Total Cu Productionkt1,590.51,769.41,689.9Average Annual Payable Cukt61.768.765.7Total Payable Cukt1,542.81,716.31,642.2Average Annual Au Productionkoz161.1183.1217.3Total Au Productionkoz4,028.24,577.55,432.0Average Annual Payable Aukoz153.1173.9207.5Total Payable Aukoz3,826.84,348.75,188.6Average Annual Ag Productionkoz271.3271.3348.0Total Ag Productionkoz6781.66,781.68,700.9Average Annual Payable Agkoz244.1244.1318.6Total Payable Agkoz6,103.46,103.47,965.3Average Annual Co Productionkt1.01.02.5Total Co Productionkt23.923.962.2Average Annual Payable Cokt0.80.82.3Total Payable Cokt19.119.156.3Average Annual Sc2O3 ProductiontN/A128.4Total Sc2O3 ProductiontN/A3,209.5Total Sc2O3 PayabletN/A3,049.0 Table 2: PEA Study Summary-Operating CostMetricUnitScenario A1Scenario A2Scenario BOperating Cost Average Mine Operating CostsC$/t-moved2.32Average Mine Operating CostsC$/t-milled6.03Processing Operating Cost[10]C$/t-milled7.937.9310.84Sc2O3 Processing Cost[11]C$/kg Sc2O3N/A939.55General & AdministrativeC$/t-milled2.562.562.56Total Operating CostsC$/t-milled16.2216.2222.96 Table 3: PEA Study Summary-Capital Expenditure and Financial MetricsMetricUnitScenario A1Scenario A2Scenario BCapital Expenditure Initial Capital CostsC$M3,5523,6013,828Sustaining Capital CostsC$M2,7552,7554,006Closure and Reclamation CostC$M503Financial Metrics Exchange RateCAD/USD1.37Long Term Copper PriceUS$/lb4.88Long Term Gold PriceUS$/oz3,272.60Long Term Silver PriceUS$/oz50.22Long Term Cobalt PriceUS$/lb19.57Long Term Scandium Oxide PriceUS$/kgN/A1,500Average Annual EBITDAC$M8861,0711,242Total EBITDAC$M22,16226,77031,041Average Annual Free Cash Flow (Pre-tax)C$M7569401,061Free Cash Flow (Pre-tax)[12]C$M18,90423,51126,532Total Provincial Tax (inc. BC Mineral Tax)C$M(4,029)(5,090)(5,772)Total Federal TaxC$M(1,274)(1,859)(2,170)Total TaxesC$M(5,303)(6,949)(7,942)Average Annual Free Cash Flow (Post-tax)C$M544662744Free Cash Flow (Post-tax)12C$M13,60116,56218,591Total Free Cash Flow (Pre-tax)[13]C$M15,35219,91022,704Total Free Cash Flow (Post-tax)12C$M10,05012,96114,763NPV 5% (Pre-tax)C$M7,88310,57611,043NPV 5% (Pre-tax)US$M5,7547,7208,061IRR (Pre-tax)%242923Payback (Pre-tax)yearsYear 5Year 4Year 6NPV 5% (Post-tax)C$M4,9636,7276,937NPV 5% (Post-tax)US$M3,6234,9115,064IRR (Post-tax)%192319Payback (Post-tax)YearsYear 6Year 5Year 7 Table 4 shows the Sensitivity analysis using after-tax NPV(5%) and after-tax IRR.Table 4: Sensitivity AnalysisVariableCase(%)Metal PriceScenario A1Scenario A2Scenario BNPV (5%) C$MIRR(%)NPV (5%)C$MIRR(%)NPV (5%)C$MIRR(%)Base Case Consensus forecast4,963196,727236,93719Copper Price-20US$3.90/lb Cu3,218154,807195,09415Copper Price+20US$5.86/lb Cu6,688238,632288,76422Gold Price-20US$2,618.08/oz3,625165,223195,20116Gold Price+20US$3,927.12/oz6,289228,222278,66122Metal Prices-20All metal prices1,708103,165142,65011Metal Prices+20All metal prices8,1182710,2333211,11026Initial CAPEX+20Variable per Scenario4,448166,222196,39416OPEX+20Variable per Scenario3,660165,438205,18516Scandium Oxide Price-40US$900/kg Sc2O3 6,15918Scandium Oxide Price+40US$2,100/kg Sc2O3 7,71420 MINERAL RESOURCE ESTIMATEDoubleview Gold Corp announced an update of the Mineral Resource estimate (MRE). This estimate followed the Micon International Ltd. (Micon) Mineral Resource estimate with an effective date of July 17, 2024. This MRE incorporates significant new data from the 2024 and 2025 exploration campaigns, with an effective date of February 4, 2026, and superseded the 2024 Micon estimate.Table 5: Hat MRE at a 0.2% CuEq Cut-Off Effective February 4, 2026Mineral Resource ClassificationTonnage(Mt)Average GradeMetal ContentCuEq(%)Cu(%)Au(g/t)Co(g/t)Ag(g/t)CuEq(Blb)Cu(Blb)Au(Moz)Co(Mlb)Ag(Moz)Measured2720.440.220.1876.260.372.611.111.4135.62.17Indicated3370.430.210.1976.810.393.211.311.8144.52.88Total M+I6090.430.210.1876.570.385.822.423.2280.15.05Inferred5030.410.180.1976.620.384.571.722.7766.24.19 Table 6: Hat MRE at a 0.2% CuEq Cut-Off as of February 4, 2026, Scandium Oxide ResourcesMineral Resource ClassificationTonnage(Mt)Sc Tonnage1(Mt)Average GradeSc (g/t)Metal ContentSc2O3 2 (t)Measured2723428.791,081Indicated3374228.761,334Total M+I6097628.772,415Inferred5036328.691,996 Notes: 1 Scandium tonnages represent 12.5% of the mineralized material by category, reflecting the proportion of tailings expected to be processed through a dedicated scandium leach circuit under current metallurgical design constraints.2 Scandium oxide metal content have been calculated using the metallurgical recovery of 72% and conversion factor from Sc to Sc2O3 of 1.534. Mineit's Qualified Person, Tomasz Wawruch, FAusIMM, completed the MRE, and has reviewed and approved the technical disclosure related to the MRE contained in this news release. Mr. Wawruch is a senior geology and mineral resource consultant independent of Doubleview. Mr. Gilles Arseneau, PhD., P.Geo., of ARSENEAU Consulting Services Inc., provided an independent review of this MRE.Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues.Inferred Mineral Resources are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as Mineral Reserves.The Mineral Resource Estimate was prepared in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Definition Standards for Mineral Resources and Mineral Reserves (2014), and CIM MRMR Best Practice Guidelines (2019).The effective date of the MRE is February 4, 2026.Metal contents have been calculated using the following metallurgical recovery factors: Cu = 85%, Au = 89%, Co = 78%, and Ag = 68%.Economic assumptions used include US4.80/lb Cu, US20.00/lb Co, US3,200/oz Au, US46/oz Ag, and a 2% NSR royalty.Mineral Resources are reported within optimized open pit constraints and 0.2% CuEq cut-off grade, based on a C7.93/t milled processing cost and C2.90/t milled general and administrative cost, with a mining cost of C3.01/t plus incremental mining cost increasing by C0.015/t for every bench below the reference level of 1,125 mRL.CuEq calculations do not include scandium. The formula used to calculate CuEq is: CuEq = [(((Ag × 46.0 × 0.68)/31.1035) + ((Au × 3200 × 0.89)/31.1035) + 0.0001 × (Co × 20.0 × 0.78 × 22.0462) + 0.0001 × (Cu × 4.8 × 22.0462 × 0.85))/(4.8 × 22.0462 × 0.85)], where all input variables are expressed in (ppm) and CuEq is expressed in percent (%).Rounding may result in minor variations between individual values and totals; such differences are not considered material to the MRE.Mineral Resource classification reflects the level of geological confidence and satisfies the uncertainty criteria appropriate for exploration and resource development. Additional drilling will be required to reduce uncertainty to the level expected for production planning.The MRE reflects the geological interpretation, drill-hole spacing, and estimation parameters available at the time of modelling. Any additional drilling is expected to influence the current outcome by improving confidence in the estimates and refining the geometry of the mineralized domains.The Mineral Resource results are presented in situ within the optimized pit. Mineralized material outside the pit has not been considered as a part of the current MRE tabulation. Calculations used metric units (metres, tonnes, g/t).A total of 97 diamond drill holes, comprising 49,548 m of core, were incorporated into the Mineral Resource Estimate. All drilling data used in the MRE were subject to standard QA/QC validation prior to inclusion.PROCESSING SCENARIOSThe PEA evaluates two processing scenarios: (A) a conventional Cu-Au-Ag-Co flotation concentrator at 120,000 t/d (42 Mt/a) with two recovery cases-A1 based on metallurgical testwork completed by Sepro Laboratories (Langley, BC) and A2 reflecting target/expected performance-and (B) a full circuit that retains the base flowsheet and adds a downstream hydrometallurgical scandium recovery circuit.The concentrator consists of crushing, grinding, flotation, concentrate handling, and tailings management, producing both a saleable approximately 25% Cu concentrate with co-product gold and by-product silver-cobalt credits and a pyrite concentrate enriched in cobalt; in the full-circuit case, the pyrite concentrate is roasted to generate sulphuric acid and a calcine that is then processed to recover cobalt, gold, silver, and copper; after stripping it will be precipitated as a sulphide to be admixed to the copper concentrate to improve grade, with the acid used to leach flotation tailings for scandium recovery, noting that the scandium circuit is a newer chemical process compared with the otherwise industry-standard flowsheet.Under A1 or A2 (Figure 1), the flowsheet produces a single saleable product-a copper concentrate with payable gold credits; the pyrite concentrate is not treated or marketed in this case and is only processed in B where the hydrometallurgical circuit enables recovery of cobalt (and additional Au-Ag) and supports the scandium circuit (Figure 2), which is planned to be constructed in a phased approach commencing in Year 3 of operations.Figure 1: Grinding and Flotation Flowsheet; Scenarios A1/A2 Report Copper Concentrate Only, while the Cobalt-Pyrite Flotation Stream Shown Is Included Only in Scenario BTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/8003/285945_7d43165cf4f1bb4d_001full.jpgFigure 2: Scenario B Hydrometallurgical Plant Block Flow Diagram, Showing Downstream Treatment of the Cobalt-Pyrite Stream and Flotation of Tailings to Recover Cobalt (and Au-Ag) and Scandium, Including Sulphuric Acid Generation to Support the Scandium CircuitTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/8003/285945_7d8c82e63416eab6_003full.jpgTable 7 summarizes the head grades, concentrate grades, and overall metallurgical recoveries from early testwork for the full circuit; A1 assumes only the reported recoveries to the Cu-Au concentrate, while the cobalt-pyrite concentrate and downstream recoveries are considered only in B.Table 7: Attainable Recovery from TestworkProductGradeRecoveryCopper (%)Cobalt (ppm)Gold (g/t)Silver (g/t)Copper(%)Cobalt(%)Gold(%)Silver(%)Head Grade0.211320.342.9----Copper-Gold Concentrate251160126880306653Cobalt-Pyrite Concentrate0.301605285482315Combined Concentrates----85788968Tailings0.05400.051.015221132 Early metallurgical testwork comprised metallurgical characterization studies under standard laboratory conditions to demonstrate metals recoverability for inclusion in the estimate of CuEq. No attempt was made to optimize flotation conditions, and more advanced flotation testwork was not undertaken. Consequently, the reported metallurgical recoveries are considered conservative, and it is reasonable to expect improvement with further testwork.A2, assumes improved copper and gold recoveries of 89% and 75%, respectively, reflecting expected performance from comparable Cu-Au porphyry flotation circuits following further optimization and testwork.Table 8 summarizes the recoveries assumption on each scenario.Table 8: Net Recovery for Each ScenarioNet Recovery Scenario A1Scenario A2Scenario BCu Recovery80%89%85%Au Recovery66%75%89%Ag Recovery53%53%68%Co Recovery30%30%78% CAPITAL COST SUMMARYTable 9 presents the estimated capital cost breakdown for the three evaluated scenarios, separating initial CAPEX from sustaining CAPEX and reporting costs in C$M by major cost area (processing plant, mining, pre-stripping, infrastructure, tailings and water management, Indirects/EPCM, and contingency).Total initial CAPEX is estimated at C$3,552 million (A1), C$3,601 million (A2), and C$3,828 million (B), reflecting the higher processing plant scope and associated indirects/contingency in Scenario B.Total sustaining CAPEX is estimated at C$2,755 million (A1/A2) and C$4,006 million (B), with the increase in B driven primarily by the inclusion of the hydrometallurgical plant and scandium recovery circuit within sustaining capital, while mining, infrastructure, and tailings sustaining components remain broadly consistent across scenariosTable 9: Capital Cost SummaryCapital Cost Summary UnitScenario A1Scenario A2Scenario BInitial Capex Processing Plant (Excl. Hydrometallurgical Plant)C$M1,6091,6451,810Mining CAPEXC$M394394394Mining Pre-StrippingC$M979797Infrastructure (Power/Water/Roads/Camp)[14]C$M326326326Tailings And Water ManagementC$M157157157Indirects + EPCMC$M258262278Contingency (25%)C$M710720766Total initial CAPEXC$M3,5523,6013,828Sustaining CAPEX Processing Plant (Inc. Hydrometallurgical Plant)C$M2852851,194Mining CAPEXC$M811811811Infrastructure (Power/Water/Roads/Camp)C$M636363Tailings and Water ManagementC$M1,0651,0651,065Indirects + EPCMC$M142142233Contingency (25%)C$M390390640Total Sustaining CAPEXC$M2,7552,7554,006Closure and ReclamationC$M503503503 OPERATING COST SUMMARYTable 10 summarizes the key operating cost and selling terms used in the PEA, reporting unit costs in C$/t moved, C$/t milled, and (where applicable) C$/kg of scandium oxide, together with concentrate transport and selling costs, TC/RC, and payability assumptions.Average site operating costs are estimated at C$16.22/t milled for Scenario A (concentrate-only) and C$22.96/t milled for B, with the increase in B driven by the addition of hydrometallurgical processing and acid generation (C$3.09/t milled) and scandium oxide processing costs (C$939.55/kg Sc₂O₃).On a payable metal basis, the study reports C1 cash costs of C$2.4/lb CuEq (A1), C$2.39/lb CuEq (A2), and C$2.89/lb CuEq (B) and AISC of C$2.79/lb CuEq (A1), C$2.78/lb CuEq (A2), and C$3.39/lb CuEq (B), reflecting the combined effects of recoveries, co-product/by-product credits, and the additional operating requirements of the full circuit.ECONOMIC RESULTSTable 11 summarizes the key economic assumptions and resulting financial metrics for Scenarios A1, A2, B, including the long-term price deck, cash flow generation, taxation, and discounted valuation at a 5% discount rate. Using an exchange rate of 1.37 CAD: 1.00 USD and long-term prices of US$4.88/lb Cu, US$3,272.60/oz Au, US$50.22/oz Ag, and US$19.57/lb Co (and US$1,500/kg Sc₂O₃ for B), the Project generates average annual EBITDA of C$886 million (A1), C$1,071 million (A2), and C$1,242 million (B). On a post-tax basis, NPV(5%) is estimated at C$4,963 million (A1), C$6,727 million (A2), and C$6,937 million (B) with corresponding post-tax IRRs of 19%, 23%, and 19%, and post-tax payback in Year 6 (A1), Year 5 (A2), and Year 7 (B). Total post-tax free cash flow is estimated at C$10,050 million (A1), C$12,961 million (A2), and C$14,763 million (B), reflecting the higher cash generation under the improved recovery case (A2) and the additional revenue streams in Scenario B, partially offset by the added capital and operating requirements of the hydrometallurgical and scandium circuits.SENSITIVITY ANALYSISSensitivity cases were evaluated for the key value drivers using after-tax NPV (5%) and after-tax IRR, including ±20% copper and gold prices, +20% initial capital, +20% operating costs and, for B, a ±40% scandium price sensitivity.Overall, the sensitivity analysis demonstrates that the Project's after-tax economics remain positive across the tested ranges, with the greatest variability in after-tax NPV(5%) and IRR driven by simultaneous changes in the overall metal price deck. Changes to copper and gold prices individually have a meaningful but smaller effect, while +20% initial CAPEX and +20% OPEX reduce value but do not eliminate Project attractiveness in any of the evaluated scenarios. Scenario B shows additional exposure to scandium oxide price, with after-tax NPV(5%) varying within a narrower range relative to the broader multi-metal price cases, indicating that scandium provides incremental upside while the base-case Cu-Au Project remains financially robust on its own.PERMITTING, RISKS, AND NEXT STEPSPermitting and EnvironmentalPermitting StatusThe permitting process will be supported by the continuation of environmental baseline studies, progression of engineering designs, and the initiation of socio-economic and cultural baseline studies.Due to the anticipated rate of resource extraction, it is expected that the Hat Project will be subject to both federal and provincial impact assessment pathways, so submission to both the Impact Assessment Agency of Canada (IAAC) and British Columbia Environmental Assessment Office (B.C. EAO) for their review is currently anticipated. Agency determination will decide the appropriate level of agency collaboration under the existing cooperation agreement for the Hat Project to acquire a provincial Environmental Assessment Certificate (EAC) and/or federal Decision Statement.The company will also submit a Joint Mines Act and Environmental Management Act Application through the B.C. Major Mines Office. Additional federal authorizations, including Fisheries Act approvals and compliance with Metal and Diamond Mines Effluent Regulations (MDMER), and applicable provincial permits will be obtained concurrently with other assessment and permitting steps. This will not only support protection of the immediate environment through the life of the Project but also respect the rights of First Nations and promote social and economic wellbeing for local communities.Tailings and Water ManagementThe Tailings Storage Facility (TSF) includes a perimeter dyke primarily constructed from compacted cycloned sand. This material will be sourced from the coarse underflow of tailings processed through an on-site cyclone plant. Using the centreline raise method, the dam is designed to be free-draining, lowering the phreatic surface to facilitate geotechnical stability. During operations, seepage from the TSF will be directed to the process plant as reclaim water. Upon closure, the supernatant pond will be drained, and the tailings and dam surfaces will be reclaimed with a granular trafficability layer, followed by a growth medium and native revegetation.The water management strategy prioritizes the reuse of site-impacted water, directing TSF water, contact water from the waste rock storage facilities, and open-pit dewatering to the process plant for use as make-up water.Key Risks and OpportunitiesProject-wideTailings Storage Facility:The location and geometry of the TSF are subject to refinement following geotechnical investigations of the potential site areas. Similarly, the anticipated availability of cycloned sand and the storage requirements for the facility may be adjusted once laboratory testing of the tailings is conducted.The integration of this future site-specific data presents a significant opportunity to optimize the TSF design.Mineral Processing:Limited metallurgical and comminution data introduce uncertainty in equipment sizing and operating cost inputs; however, early results indicate the ore should be amenable to conventional Cu-Au flotation, with potential upside from improved recoveries and reduced reagent consumption through optimization.The scandium circuit is less mature and is sensitive to acid economics and hydrometallurgical performance, but offers meaningful value upside if recoveries, product quality, and operating stability are confirmed at larger scale.Mine Design:Pit slope design criteria and mine scheduling are subject to elevated uncertainty due to the limited geotechnical database, including incomplete definition of structural controls, rock mass variability, and groundwater conditions. This creates downside risk to slope angles, strip ratio, and operating conditions if adverse structures or hydrogeology are encountered; however, it also provides a clear opportunity to materially improve design confidence and potentially optimize slope geometry, mine sequencing, and dewatering requirements through focused data acquisition and updated analyses.Capital Cost estimates:As a PEA-level estimate, capital costs remain subject to the inherent uncertainty of a preliminary design basis and limited engineering definition; however, significant effort was undertaken to develop the estimate using a defined scope, preliminary equipment sizing, and factored/benchmark-based costing with appropriate indirects and contingency. This work provides a credible foundation for decision-making at this stage while also highlighting clear opportunities to optimize capital intensity through further engineering definition, value engineering, and targeted trade-off studies (e.g., comminution configuration, tailings strategy, infrastructure/power, and construction execution approach).Scandium specific:Scandium provides strategic upside given its small, concentrated global supply base and the growing premium placed on secure, qualified supply, but it carries higher execution and commercial risk due to limited scale-up testwork (variability, impurity control, reagent intensity), added residue-management and permitting complexity, and uncertainty around product specifications, pricing, and customer qualification.Next StepsResource:The Company is advancing the Project toward Pre-Feasibility by upgrading confidence in the current Mineral Resource estimate and improving definition of mineralization within the proposed mine plan area. The program will prioritize infill drilling to support conversion of Inferred Resources to Indicated (and, where appropriate, Measured), together with step-out drilling to test extensions of known mineralization and provide improved geological continuity for next-stage mine design, scheduling, and economic evaluation.Waste facilities:Field investigations will be conducted at potential TSF and waste rock storage sites to characterize subsurface conditions and identify suitable borrow materials for construction. These efforts will be supported by site-specific geotechnical and geochemical characterization of the tailings and waste rock. These data sets will inform a TSF design update to a Pre-Feasibility Study (PFS) level of engineering, encompassing an optimized siting and technology trade-off study.Metallurgy:Complete a comprehensive metallurgical testwork program on representative samples including comminution testwork (Bond Work Index, abrasion index, and related grindability tests) and metallurgical variability + locked-cycle flotation testing to define an optimal process flowsheet, mass balance, and optimized reagent scheme, and to produce samples for concentrate dewatering and preliminary smelter marketing.Progress the scandium work through targeted hydrometallurgical optimization including pulp density, free acidity/acid consumption, SX staging and extractant concentration, followed by an integrated pilot trial on bulk samples to validate scandium recovery, product quality, and circuit operability.Mine Design:A phased geotechnical program is recommended that includes re-analysis of existing boreholes (re-logging and detailed structural mapping, including oriented-core interpretation where available), establishment of geotechnical domains, targeted drilling and field mapping to confirm discontinuity sets and persistence, and hydrogeological data collection to constrain pore pressures and inflows. These data will support updated kinematic assessments and slope design analyses, refinement of inter-ramp and overall slope angles, and improved inputs to mine planning, risk management measures, and capital/operating cost estimates.Capital Costs Estimation:As the Project advances to PFS, the estimate will be progressively refined by advancing engineering to a higher level of definition, updating quantities and vendor inputs for major equipment and packages, tightening indirects and construction productivity assumptions, and executing focused optimization and constructability reviews to reduce contingency and improve overall cost confidence.NI 43-101 DISCLOSURE, QUALIFIED PERSONS, AND CAUTIONARY STATEMENTSQualified PersonsThe scientific and technical information in this news release has been reviewed and approved by the following Qualified Persons (as defined under NI 43-101):Tomasz Wawruch, FAusIMM, Senior Geology and Mineral Resource Consultant of Mineit Consulting Inc. (responsible for the Mineral Resource estimate).Andrew Carter, EUR ING, B.Sc., CEng., MIMMM (QMR), MSAIMM, SME, of Magister Metallurgy (responsible for metallurgical studies and recovery processes).Shervin Teymouri, P.Eng., Mining Engineer of Mineit Consulting Inc. (responsible for project management, mining engineering, capital and operating cost estimates, and financial analysis).Andre de Ruijter, P.Eng., Mineit Consulting Inc, Process Engineer (process design, process capital and operating cost lead).Franky Li, P.Eng., EMM Consulting Pty Ltd (responsible for tailings management and TSF design, tailings capital and operating cost)Jayesh Rami, P.Eng., Infrastructure Engineer of Sacre-Davey Engineering Inc. (responsible for project infrastructure)Preliminary Economic Assessment Cautionary StatementThe Preliminary Economic Assessment (PEA) for the Hat Project is preliminary in nature and includes Inferred Mineral Resources that are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as Mineral Reserves. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. The PEA provides a conceptual mine plan and is based on low-level technical and economic assessments that are insufficient to support an evaluation of the economic viability of the Project or to establish Mineral Reserves. There is no certainty that the results of the PEA will be realized. Further exploration and site-specific engineering studies are required before a higher level of confidence can be established for the Project's economics.The economic analysis in the PEA is based on several assumptions including, but not limited to, long-term metal prices, foreign exchange rates, metallurgical recoveries, and capital and operating cost estimates. These assumptions are subject to significant risks and uncertainties, and actual results may differ materially from those projected. Readers are cautioned not to place undue reliance on the PEA or the forward-looking information contained in this release.Forward-Looking InformationCertain of the statements made and information contained herein may constitute "forward-looking information" within the meaning of applicable Canadian securities laws. Often, these forward-looking statements can be identified using words such as "anticipates," "believes," "continue," "estimates," "expects," "forecasts," "intends," "plans," "projected," or the negatives thereof or variations of such words and phrases. Forward-looking statements in this news release include, but are not limited to, statements with respect to: the results of the Preliminary Economic Assessment for the Hat Project; the estimation of mineral resources; anticipated annual production of copper, gold, cobalt, and scandium; the after-tax NPV and IRR of the Project; forecasted AISC and Total Cash Costs; estimated initial and sustaining capital costs; the timing of a Pre-Feasibility Study; the timeline for permitting milestones and construction decisions; planned early works and infrastructure upgrades; and the Company's ability to maintain strong community and First Nations partnerships.Forward-looking statements are based on a number of assumptions that management considers reasonable at the time they are made, including assumptions regarding: the future prices of copper, gold, cobalt, and scandium; foreign exchange rates; metallurgical recoveries; the cost of essential consumables; and the geopolitical and regulatory climate in British Columbia. However, such statements involve known and unknown risks and uncertainties which may cause actual results to differ materially. These risks include but are not limited to inaccurate estimation of mineral resources; volatility in metal prices; the results of future exploration and development activities; liquidity and financing risks; failure to obtain necessary permits; geotechnical conditions; and changes in applicable mining laws. The PEA is preliminary in nature and includes Inferred mineral resources that are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves. Except as required by law, the Company undertakes no obligation to update or revise forward-looking information as conditions change.Non-GAAP Financial MeasuresThe Company has included certain performance measures in this news release that are not specified, defined, or determined under Generally Accepted Accounting Principles (GAAP). These non-GAAP measures are common in the mining industry but do not have standardized definitions and may not be comparable to similar measures presented by other issuers. Readers should not consider these measures in isolation or as a substitute for performance measures prepared in accordance with GAAP.Total Cash Costs: The Company calculates total cash costs as the sum of mining, processing, refining and transport, G&A, and royalty costs. Cash costs per unit are calculated by dividing the total cash costs by the payable Copper Equivalent (CuEq) units.All-In Sustaining Cost: AISC is a non-GAAP financial measure comprising of total cash costs, sustaining capital expenditures to support ongoing operations, and closure costs. AISC per unit is calculated by dividing the total all-in sustaining costs by the payable CuEq units.Sustaining Capital: This is a supplementary financial measure reflecting cash-basis expenditures expected to maintain operations and sustain production levels over the life of the mine.About Doubleview Gold Corp.Doubleview Gold Corp., a mineral resource exploration and development company based in Vancouver, British Columbia, Canada, is publicly traded on the TSX Venture Exchange [TSX-V: DBG], the OTCQB [DBLVF], the Berlin Stock Exchange [GER: A1W038], and the Frankfurt Stock Exchange [1D4]. Doubleview identifies, acquires, and finances precious and basemetal exploration projects in North America, particularly in British Columbia. The Company increases shareholder value through the acquisition and exploration of quality gold, copper, cobalt, scandium, and silver properties-collectively critical minerals-and through the application of advanced, state-of-the-art exploration methods. Doubleview's portfolio of strategic properties provides diversification and mitigates investment risk.About Mineit Consulting Inc.Mineit Consulting Inc. (Mineit) is an independent mining engineering consulting company providing specialized expertise in project management, geological modelling, Mineral Resource estimation, mining engineering, metallurgical, and process engineering. Mineit lead and prepared the Hat Project MRE and PEA, with assistance from other engineering firms, for the Hat Project in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Definition Standards on Mineral Resources and Reserves.For further information please contact:Doubleview Gold CorpVancouver, BCFarshad ShirvaniPresident & CEOInstitutional Line: (604) 607-5470T: (604) 678-9587E: corporate@doubleview.caNEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.Certain of the statements made and information contained herein may constitute "forward-looking information." In particular references to the Mineral Resource Estimate and future work programs or expectations on the quality or results of such work programs are subject to risks associated with operations on the property, exploration activity generally, equipment limitations and availability, as well as other risks that we may not be currently aware of. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/285945 Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
Rouyn-Noranda, Quebec--(ACN Newswire via SeaPRwire.com - March 2, 2026) - Radisson Mining Resources Inc. (TSXV: RDS) (OTCQB: RMRDF) ("Radisson" or the "Company") is pleased to report an updated Mineral Resource Estimate ("MRE") at its 100%-owned O'Brien Gold Project ("O'Brien" or the "Project") located in the Abitibi region of Québec. The Company is currently undertaking a fully-funded 140,000-metre step-out drill program at the Project with the objective of determining the scope of mineralization to a depth of 2 kilometres. This program commenced in 2025 and is expected to continue through the first half of 2027. Today's updated MRE is an interim report that demonstrates the impact of recent drilling successes completed as of December 31, 2025. Highlights include:82% increase in Inferred Mineral Resources from step-out drilling intersecting new mineralization, with 1.69 million ounces ("Moz") in 10.37 million tonnes ("Mt") at 5.08 grams per tonne ("g/t") gold ("Au");8% increase in Indicated Mineral Resources with 0.63 Moz in 3.49 Mt at 5.59 g/t Au;Estimated using US$2,500/oz Au and 2.2 g/t Au cut-off, with a refined geological model and capping strategy, establishing the go-forward basis for future, modern mine development.Matt Manson, President and CEO: "Today we report the first of several planned, step-by-step updates to the MRE at the O'Brien Gold Project, quantifying the impact of our recent drilling success and establishing a clear foundation for future, modern mine development. With just 25% of our 140,000 metre step-out drill program completed, the new vein mineralization delineated beneath the historic mine workings and the previous mineral resource volume (Radisson news release dated February 12, 2026) has resulted in an 82% increase in the quantity of Inferred Mineral Resources, now 1.69 Moz (10.37 Mt at 5.08 g/t Au). At the same time, we have refined the estimate of Indicated Mineral Resources, incorporating more tonnes at a lower average grade for an 8% increase in contained ounces, now 0.63 Moz (3.49 Mt at 5.59 g/t Au). Our estimates utilize a 2.2 g/t Au cut-off at a reasonable gold price assumption of US$2,500/oz.""The former O'Brien Mine was known for high-grade ore-shoots mined in small volumes. Mining ended in 1957 with the gold price at US$35/oz. Significant volumes of mineralized vein material, below what we believe to have been a 7 g/t to 8 g/t Au cut-off, were left untouched. Now, we are presenting the Project as it should be viewed for future development: not as a bespoke deposit of extreme grade and limited scale, but as an extensive Abitibi vein deposit with a substantial inventory of mineralized material amenable to modern mechanized mining at higher throughput." "Our step-out drill campaign at O'Brien is ongoing with up to eight rigs. We expect to complete 72,500 metres in 2026 and 32,500 metres in the first half of 2027. This is in addition to the meterage supporting today's updated MRE. The vein mineralization system we have been intersecting is open at depth. In fact, since our step-out drilling began in the fall of 2024, we have been seeing an impressive 84% success rate in intercepting classic O'Brien quartz-sulphide-gold veins with grades and thicknesses consistent with today's updated MRE. Looking to a 2-kilometre exploration floor, we believe an appropriate Exploration Target at O'Brien is another 5 Mt to 10 Mt at grades of between 4.0 g/t and 6.0 g/t Au containing 0.6 Moz to 2.0 Moz. We expect to complete further step-by-step updates to the MRE as our drilling progresses."Cautionary statement: Readers are cautioned Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. The estimate of mineral resources may be materially affected by environmental, permitting, legal, title, socio-political, marketing, or other relevant issues including risks set forth in Radisson's filings made with Canadian securities regulatory authorities. The potential quantity and grade of an Exploration Target is conceptual in nature, there has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource.A video presentation of today's news by Matt Manson can be found at https://www.youtube.com/watch?v=5IZwSSYbO70.Mineral Resource Estimate (effective January 31, 2026)The MRE is based on 428,440 metres of drilling completed to the end of December 31, 2025, and has been authored by SLR Consulting (Canada) Ltd. ("SLR"). The estimate utilizes a 2.2 g/t Au cut-off at US$2,500/oz and makes certain assumptions on mining and processing costs, currency exchange rate, and metallurgical recovery (Table 1 and Figure 1). A wireframe vein model prepared by Radisson and reviewed by SLR constrains the estimate and applies a minimum width of 1.2 metres. Individual assays are capped at 60 g/t Au prior to compositing to full width of the veins, and the block model utilizes 5 by 2 by 5 metre blocks consistent with recent mine design studies.Table 1: Mineral Resource Estimate, Effective January 31, 2026CategoryTonnes (kt)Grade (g/t Au)Oz (koz Au)Indicated3,4935.59628Inferred10,3685.081,692Notes:Prepared in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Definition Standards (2014) and Best Practice Guidelines of Mineral Resources and Reserves (2019).Mineral resources are reported above a cut-off grade of 2.2 g/t Au based on a C$215/t operating cost, a long-term gold price of US$2,500/oz Au, a US$/C$ exchange rate of 1:1.33, and a metallurgical recovery of 90%. Wireframes were modelled at a minimum width of 1.2 m.Bulk density varies by deposit and lithology and ranges from 2.76 t/m³ to 2.87 t/m³. Individual assays were capped at 60 g/t Au prior to compositing to full vein width.Mineral resources that are not mineral reserves do not have demonstrated economic viability. Numbers may not add due to rounding. An MRE for the Project was previously published in March 2023 (Radisson news release dated March 2, 2023) based on 325,509 metres of drilling completed to the end of 2022. Indicated Mineral Resources (effective March 2, 2023) were estimated at 0.50 Moz (1.52 Mt at 10.26 g/t Au) with additional Inferred Mineral Resources of 0.45 Moz (1.60 Mt at 8.66 g/t Au). The 2023 study applied a 4.5 g/t Au cut-off at US$1,600/oz Au.In July 2025, Radisson published a Preliminary Economic Assessment ("PEA") for the Project that utilized the 2023 estimate re-blocked by SLR in the Z-direction from 10 metres to 5 metres to allow for more flexible underground mine design. A cut-off of 2.2 g/t Au at US$2,000/oz Au and an updated set of economic criteria were applied in the re-blocking exercise consistent with the parameters used for the optimization of the PEA's underground mine schedule. No other changes were made. Indicated Mineral Resources (effective May 6, 2025) were estimated at 0.58 Moz (2.20 Mt at 8.22 g/t Au) with additional Inferred Mineral Resources of 0.93 Moz (6.67 Mt at 4.35 g/t Au).The updated MRE released today benefits from 66,387 metres of additional drilling in 122 drill holes conducted between 2023 and 2025, which is the most significant factor in the increase of Inferred Mineral Resources (Figure 2). Radisson has also validated an additional 36,544 meters of historic drilling. The updated MRE utilizes similar estimation parameters to previously, but a more restrictive approach to capping. In the March 2023 estimate, and as incorporated in the re-blocked May 2025Figure 1: Block Models for the Mineral Resource Estimates Effective May 6, 2025 (Top) with Recently Published Drill Results and the Updated MRE Effective January 31, 2026 (Bottom) To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/10977/285831_ef6502aeb443086a_001full.jpgestimate, capping at 40 g/t Au was applied to the full-length composites. In the updated MRE, capping has been applied at 60 g/t Au to the underlying assays prior to compositing. This has the effect of reducing the average grade by approximately 12%, and in the opinion of Radisson and SLR is an appropriate approach to a narrow high-grade vein deposit such as O'Brien.Figure 2: 3D View of Block Model by Resource Classification (Left) and Gold Grade (Right) Illustrating Volume Utilized in the Previous May 2025 MRE To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/10977/285831_ef6502aeb443086a_002full.jpgCompared to previous estimates, the aggregate impact on the Indicated Mineral Resources of the new drilling, the 2.2 g/t Au cut-off, and the updated capping strategy has been to add more tonnes at a lower average grade for an overall increase in contained ounces. The aggregate impact of these three factors on the Inferred Mineral Resources has been the addition of more tonnes at a higher average grade for an overall increase in contained ounces. Indicated Mineral Resources have increased by 8% to 0.63 Moz, based on an increase in tonnes of 58% to 3.49 Mt and a decrease in grade of 32% to 5.59 g/t Au. Inferred Mineral Resources have increased by 82% to 1.69 Moz, based on an increase in tonnage of 55% to 10.37 Mt and an increase in grade of 17% to 5.08 g/t Au.O'Brien's system of Quartz-Sulphide-Gold vein mineralization remains open to depth across a broad front beneath the historic mine workings and the updated MRE. The potential continuation of this mineralization to a 2 kilometres depth defines an Exploration Target of an additional 5 Mt to 10 Mt at grades of between 4.0 g/t and 6.0 g/t Au containing 0.6 Moz to 2.0 Moz. The potential quantity and grade of an Exploration Target is conceptual in nature, there has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource.Table 2: Sensitivities of the Mineral Resource Estimate Based on Cut-OffTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/10977/285831_ef6502aeb443086a_003full.jpgA New Vision for the O'Brien Gold ProjectThe historic O'Brien mine produced over half a million ounces of gold at an average grade exceeding 15 g/t Au. It is clear that the former mine was "high-graded", with manual mining methods applied to the highest-grade veins and ore shoots at an estimated cut-off grade of 7 g/t to 8 g/t Au. Parallel but lower-grade mineralized zones, which would be well above an economic cut-off grade today, were left unmined.The updated MRE does not incorporate any mineral resources potentially remaining in the former mine. However, in applying the lower grade cut-off of 2.2 g/t Au based on a gold-price estimate of US$2,500, the new estimate captures the overall volume attributes of the O'Brien mineralizing system, with more tonnes and more ounces at a lower average grade. This has the benefit of improving the continuity of mineralization for future mine planning, with larger stopes and more development headings supporting a higher potential mining rate. The Project has existing mining infrastructure to support such a vision, such as a shaft in the former mine extending to a 1,000 metres depth and multiple mills in the region with significant future capacity.Table 2 illustrates sensitivities on Indicated and Inferred Mineral Resources and the MRE block model based on cut-off grade. These are:a) 8.0 g/t Au (US$700/oz) representing the former mine,b) 4.5 g/t Au (US$1,250/oz) representing the MRE effective March 2, 2023,c) 2.2 g/t Au (US$2,500/oz) representing the updated MRE, andd) 1.5 g/t Au (US$3,800/oz) representing the recent long-term consensus price of gold.The comparison clearly indicates the relationship between volume and grade based on cut-off, the directionality of steeply-plunging grade shoots at O'Brien, and the increased continuity of mineralization achieved at progressively lower cut-offs.Gold Mineralization at O'Brien and Step-Out Drill ProgramGold mineralization at O'Brien occurs within quartz-sulphide veins developed primarily within the interlayered mafic volcanic rocks, conglomerates, and porphyritic andesitic sills of the Piché Group occurring in contact with the regionally significant Larder Lake-Cadillac Break ("LLCB"). Individual veins are generally narrow, ranging from several centimetres up to several metres in thickness, and are associated with mineralized alteration envelopes of up to several metres in thickness. Multiple veins occur sub-parallel to each other, as well as sub-parallel to the Piché lithologies and the LLCB. As mapped at the historic O'Brien mine, and now replicated in the modern drilling, individual veins have well-established lateral continuity, with steeply plunging grade shoots developed over significant lengths.Since the end of 2024, Radisson has been pursuing a program of broad step-out drilling at O'Brien with the objective of determining the overall scope of mineralization at the Project to a depth of 2 kilometres (Figure 1). The priority is the quantity and distribution of mineral resources with step-outs rather than in-filling to upgrade the classification of the existing mineral resources.This drilling is accomplished with pilot holes followed by wedges and directional drilling to maximize drill efficiency. In October 2025, Radisson announced the expansion of the program to 140,000 metres employing an eventual eight drill rigs (see Radisson news release dated October 16, 2025). An initial 35,000 metres of the program were completed in 2025, with 72,500 metres budgeted for 2026, and a further 32,500 metres scheduled for the first half of 2027.QP DisclosureDisclosure of a scientific or technical nature in this news release was prepared under the supervision of Mr. Richard Nieminen, P.Geo., (QC), a geological consultant for Radisson and a Qualified Person for purposes of NI 43-101. Mr. Luke Evans, M.Sc., P.Eng., ing., of SLR Consulting (Canada) Ltd., is the Qualified Person responsible for the preparation of the MRE at O'Brien. Both Mr. Nieminen and Mr. Evans are independent of Radisson and the O'Brien Gold Project.About Radisson MiningRadisson is a gold exploration company focused on its 100% owned O'Brien Gold Project, located in the Bousquet-Cadillac mining camp along the world-renowned Larder-Lake-Cadillac Break in Abitibi, Québec. A July 2025 PEA described a low cost and high value project with an 11-year mine life and significant upside potential based on the use of existing regional infrastructure. Indicated Mineral Resources are estimated at 0.63 Moz (3.49 Mt at 5.59 g/t Au), with additional Inferred Mineral Resources estimated at 1.69 Moz (10.37 Mt at 5.08 g/t Au). Please see the NI 43-101 "O'Brien Gold Project Technical Report and Preliminary Economic Assessment, Québec, Canada" effective June 27, 2025, and other filings made with Canadian securities regulatory authorities available at www.sedarplus.ca for further details and assumptions relating to the O'Brien Gold Project. For more information on Radisson, visit our website at www.radissonmining.com or contact:Matt MansonPresident and CEO416.618.5885mmanson@radissonmining.comKristina PillonManager, Investor Relations604.908.1695kpillon@radissonmining.comForward-Looking StatementsThis news release contains "forward-looking information" within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections, and interpretations as at the date of this news release. Forward-looking statements including, but are not limited to, statements with respect to the ability to execute the Company's plans relating to the O'Brien Gold Project as set out in the Preliminary Economic Assessment; the Company's ability to complete its planned exploration and development programs; the absence of adverse conditions at the O'Brien Gold Project; the absence of unforeseen operational delays; the absence of material delays in obtaining necessary permits; the price of gold remaining at levels that render the O'Brien Gold Project profitable; the Company's ability to continue raising necessary capital to finance its operations; the ability to realize on the mineral resource and mineral reserve estimates; assumptions regarding present and future business strategies; local and global geopolitical and economic conditions and the environment in which the Company operates and will operate in the future; planned and ongoing drilling; the significance of drill results; the ability to continue drilling; the impact of drilling on the definition of any resource; and the ability to incorporate new drilling in an updated technical report and resource modelling; the Company's ability to grow the O'Brien Gold Project; and the ability to convert inferred mineral resources to indicated mineral resources.Any statement that involves discussions with respect to predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "interpreted", "management's view", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. Except for statements of historical fact relating to the Company, certain information contained herein constitutes forward-looking statements Forward-looking information is based on estimates of management of the Company, at the time it was made, involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the companies to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others; the risk that the O'Brien Gold Project will never reach the production stage (including due to a lack of financing); the Company's capital requirements and access to funding; changes in legislation, regulations and accounting standards to which the Company is subject, including environmental, health and safety standards, and the impact of such legislation, regulations and standards on the Company's activities; price volatility and availability of commodities; instability in the global financial system; the effects of high inflation, such as higher commodity prices; the risk of any future litigation against the Company; changes in project parameters and/or economic assessments as plans continue to be refined; the risk that actual costs may exceed estimated costs; geological, mining and exploration technical problems; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing; risks relating to the drill results at O'Brien; the significance of drill results; and the ability of drill results to accurately predict mineralization. Although the forward-looking information contained in this news release is based upon what management believes, or believed at the time, to be reasonable assumptions, the parties cannot assure shareholders and prospective purchasers of securities that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither the Company nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information. The Company believes that this forward-looking information is based on reasonable assumptions, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this press release should not be unduly relied upon. The Company does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law. These statements speak only as of the date of this news release.Please refer to the "Risks and Uncertainties Related to Exploration" and the "Risks Related to Financing and Development" sections of the Company's Management's Discussion and Analysis dated April 29, 2025 for the year ended December 31, 2024, and the Company's Management's Discussion and Analysis dated November 26, 2025 for the three month period ended September 30, 2025, all of which are available electronically on SEDAR+ at www.sedarplus.ca. All forward looking statements contained in this press release are expressly qualified by this cautionary statement.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/285831 Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
