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Crypto Market Update: Ripple Raises US$500 Million, Canada Makes Stablecoin Plans

Investing 6 Mins Read

Here’s a quick recap of the crypto landscape for Wednesday (November 5) as of 9:00 p.m. UTC.

Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrency market news.

Bitcoin and Ether price update

Bitcoin (BTC) was priced at US$103,902, a 3.3 percent increase in 24 hours and its highest valuation of the day. Bitcoin’s lowest valuation on Wednesday was US$102,377.

Bitcoin price performance, November 5, 2025.

Chart via TradingView.

Both Bitcoin and Ether (ETH) are showing signs of recovery after a volatile start to the week. Current price action is driven by derivatives liquidations, options settlement dynamics and sustained retail and institutional fear.

Ether ended the trading day at US$3,448.04, an increase of 7.5 percent over the last 24 hours. Its lowest valuation of the day was US$3,326.02. Like Bitcoin, Ether is attempting a rebound near a significant technical and psychological level, but uncertainty remains elevated. The Fear and Greed Index remains in “extreme fear” at 20, reflecting persistent nervousness after long-term holders and whales triggered mass liquidations.

“Market data and technical signals suggest Bitcoin may trade within a US$94,000–US$118,000 range in the near term. The lower bound represents a healthy retracement zone consistent with subdued ETF inflows, while the upper range reflects a measured recovery below the October high near US$125K. Ethereum is likely to move between US$3,000 and US$4,400, supported by Layer-2 expansion and renewed DeFi participation,’ she said via email.

“Overall, the market appears to be stabilizing in a more disciplined, data-driven manner, signaling that confidence is returning through structural resilience and steady capital reallocation.”

Meanwhile, Galaxy’s head of research, Alex Thorn, said that the investment company has lowered its 2025 Bitcoin price forecast from US$185,000 to US$120,000.

Altcoin price update

  • Solana (SOL) was priced at US$162.69, up by 6.6 percent over the last 24 hours and at its highest valuation of the day. Its lowest was US$157.65.
  • XRP was trading for US$2.37, up by 9.7 percent over the last 24 hours to its highest valuation of the day. Its lowest was US$2.25.

Crypto derivatives and market indicators

Over the past four hours, Bitcoin has seen liquidations totaling US$16.11 million, mostly in short positions, suggesting a short-covering rally and improving near-term sentiment. Futures open interest is fractionally down 0.15 percent to US$70.17 billion, indicating a minor position reduction after aggressive selling earlier in the week.

The funding rate is neutral at 0.001, signaling balanced sentiment between longs and shorts, while implied volatility remains elevated at 45.9 percent, pointing to continued market uncertainty.

Max pain for options expiry sits at US$104,000, a level that the Bitcoin price is approaching.

Meanwhile, US$27.84 million in Ether options positions, also primarily shorts, have been liquidated in the past four hours, contributing to the uptrend as risk reversals shift. Ether has seen a 1.51 percent increase in open interest to US$40.3 billion, and its funding rate is slightly negative at -0.001, strengthening the bullish undertone.

Bitcoin dominance stands at 57.21 percent.

Today’s crypto news to know

Ripple secures US$500 million boost at US$40 billion valuation

Ripple has raised US$500 million in a new funding round led by Fortress Investment Group and Citadel Securities, valuing the company at US$40 billion. The investment follows Ripple’s US$1 billion tender offer earlier this year at the same valuation, marking a continuation of investor confidence in the firm’s long-term outlook.

Ripple said the funds will strengthen its partnerships with financial institutions and expand its services across custody, stablecoin issuance and crypto treasury management. The company’s RLUSD stablecoin has gained traction for corporate payments amid clearer US regulations under the GENIUS Act. The funding also positions Ripple to deepen its role in global payments as more firms integrate stablecoins into settlement networks.

Canada announces plans to introduce stablecoin legislation

The Canadian government announced as part of its 2025 budget that it plans to introduce legislation regulating fiat-backed stablecoins. The legislation aims to provide a secure, stable framework encouraging the development of Canadian-dollar pegged stablecoins, modernizing payment systems and fostering digital innovation.

The new rules will require stablecoin issuers to maintain sufficient asset reserves to back their digital currencies, safeguard consumer interests and comply with national security standards to protect personal data.

The Bank of Canada will receive C$10 million over two years starting in the 2026 to 2027 period to oversee the new framework, with ongoing costs expected to be covered by stablecoin issuers.

Northern Data exits Bitcoin mining in US$200 million AI transition

Northern Data Group, Europe’s largest Bitcoin-mining company, is divesting its mining arm, Peak Mining, in a deal worth up to US$200 million as it pivots entirely toward artificial intelligence (AI) infrastructure. The transaction includes US$50 million in upfront cash and up to US$150 million in performance-based payments tied to future profits.

The move follows the Bitcoin halving this past April, which cut mining revenues in half and accelerated the firm’s strategic shift. The company plans to repurpose its mining facilities in Texas for high-performance AI workloads, which can yield up to 10 times more revenue per megawatt than Bitcoin mining.

The company already owns over 220,000 GPUs through prior acquisitions.

Balancer protocol suffers major exploit

The Balancer DeFi protocol suffered a major exploit on Tuesday (November 3), losing about US$128 million in assets from its V2 Composable Stable Pools due to a precision rounding error and access control flaws in its smart contracts.

According to a report released after the attack, the infiltrator manipulated swap calculations and batch swaps to drain liquidity across multiple blockchains, including Ether, Polygon, Arbitrum and others.

Balancer promptly paused affected pools, confirmed no impact on V3 or other versions, and is collaborating with forensic and security experts to trace and recover funds. So far, US$19.3 million worth of StakeWise osETH has been recovered. Balancer has offered a white hat bounty for full asset return within 48 hours and continues investigating.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

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Business

October monthly job cuts surged to a 22-year high

Business 4 Mins Read

U.S.-based companies announced more than 153,000 job cuts in October, the research firm Challenger, Gray & Christmas reported Thursday.

“This is the highest total for October in over 20 years, and the highest total for a single month in the fourth quarter since 2008,’ the firm said in a news release.

From January through the end of October, employers have announced the elimination of nearly 1.1 million jobs. It’s the most Challenger has recorded since 2020, when the Covid-19 pandemic shut down the global economy.

“October’s pace of job cutting was much higher than average for the month,’ Andy Challenger, the firm’s chief revenue officer, said in a statement. The last time there was a higher October monthly total was in 2003.

“Some industries are correcting after the hiring boom of the pandemic, but this comes as AI adoption, softening consumer and corporate spending, and rising costs drive belt-tightening and hiring freezes,” he said.

On Wednesday, the private payroll processor ADP released its own October jobs data, showing that employers added just 42,000 jobs in the month.

The ADP report also flagged job losses in the leisure and hospitality sector as a potential sign of trouble ahead, given the industry’s acute sensitivity to consumer sentiment.

ADP’s chief economist called the losses in hospitality and leisure a ‘concerning trend.’

Both Challenger and ADP’s reports landed as major companies such as Amazon, IBM, UPS, Target, Microsoft, Paramount and General Motors announced plans to eliminate tens of thousands of jobs.

Despite the wave of downbeat economic news, the Trump administration continues to deliver an upbeat take on the current environment.

“Jobs are booming” and “inflation is falling,” Treasury Secretary Scott Bessent said Tuesday.

However, the most recent available data paints a different picture.

Inflation has also been on the rise. Prices as measured by the Consumer Price Index overall have risen every month since April.

A spokesperson for the Treasury Department did not immediately reply to a request for comment on the Challenger report.

Challenger’s report does not typically carry the same weight with economists and investors as federal jobs data, owing to its methodology.

To arrive at its figures, the firm compiles the number of job cuts companies have publicly announced. But employers may not ultimately carry out all the cuts they roll out.

Moreover, some of the job cuts that multinational companies announce could affect workers outside of the United States. Other headcount reductions could be achieved through attrition, rather than layoffs. The report also may not capture smaller layoffs over the long run.

But in the midst of a federal data blackout caused by the government shutdown, Challenger’s latest report is being read more closely than usual.

The federal government’s October jobs report that would traditionally be released Friday will not be published this week, due to the shutdown.

Other key data about the U.S. economy like GDP and an inflation indicator called PCE, closely watched by the Federal Reserve, has also been delayed.

Challenger equated the impact of AI on the current labor market to the rise of the internet in the early aughts. “Like in 2003, a disruptive technology is changing the landscape,” it said.

‘Technology continues to lead in private-sector job cuts as companies restructure amid AI integration, slower demand, and efficiency pressures,’ Challenger said.

But even firms that are not actively cutting jobs have warned that they do not plan to add to their headcount in the near term, with several pointing directly to AI’s impact on their personnel needs.

On Wednesday night, JPMorgan Chase CEO Jamie Dimon told CNN that headcount at his company would likely remain steady as the nation’s largest bank rolls out AI internally.

Goldman Sachs CEO David Solomon also recently told his employees that the firm would ‘constrain headcount growth through the end of the year,’ as it takes advantage of AI efficiencies, Bloomberg reported.

This post appeared first on NBC NEWS

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Investing

Rio Silver Announces Proposed Shares for Debt Transaction

Investing 2 Mins Read

Rio Silver Inc. (the ‘Company’ or ‘Rio Silver’) (TSX.V: RYO,OTC:RYOOD) (OTC: RYOOF) is pleased to announce that, subject to the approval of the TSX Venture Exchange, the Company intends to settle (the ‘Transaction’) an aggregate of $293,250 of indebtedness (the ‘Debt’) owed to certain arm’s length and non-arm’s length creditors through the issuance of an aggregate of 1,396,428 common shares, at a deemed price of $0.21 per common share, and 420,238 common share purchase warrants (the ‘Warrants’) of the Company. 976,190 of the common shares (and no Warrants) will be issued to non-arm’s length creditors.

Each Warrant is exercisable into a common share at the price of $0.28 per common share, for a period of three years from the date of issue.

All common shares and Warrants issued to settle the Debt will be subject to a hold period of four months and one day from the date of issuance. The Transaction is subject to TSX Venture Exchange approval. Completion of the Transaction will allow the Company to improve its current working capital deficiency position.

ON BEHALF OF THE BOARD OF DIRECTORS OF Rio Silver INC.

Chris Verrico

Director, President and Chief Executive Officer

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

For further information,

Christopher Verrico, President, CEO

Tel: (604) 762-4448

Email: chris.verrico@riosilverinc.com

Website: www.riosilverinc.com

This news release includes forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required by applicable laws.

News Provided by GlobeNewswire via QuoteMedia

This post appeared first on investingnews.com

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Brien Lundin: Gold, Silver Waiting for Next Leg, What’s the Catalyst?

Investing 1 Min Read

Brien Lundin, editor of Gold Newsletter and New Orleans Investment Conference host, shares his outlook for gold and silver as prices continue to consolidate.

‘At the end of this cycle, I’ve long predicted that we’re going to get to a US$6,000 to US$8,000 (per ounce) price range, whenever that may happen — I hope it takes years from now,’ he said about gold.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

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Investing

How to Invest in Palladium Stocks, ETFs and More

Investing 11 Mins Read

Palladium is a lesser-known option for precious metals investors compared to gold and silver, but there are several avenues for investing in the platinum-group metal.

Recently, growing demand and a supply deficit and increased interest have driven interest in ways to invest in palladium. At the same time, precious metals such as gold, silver and the platinum group metals are seeing an influx of safe-haven buying.

Here’s an overview of different ways that market participants can invest in palladium, including profiles of palladium stocks, plus palladium ETFs, bullion and futures.

In this article

    What is palladium?

    Palladium is a silver-white precious metal that is ductile, durable and resistant to corrosion. The metal also has a high melting point. Its symbol on the periodic table of elements is Pd.

    Palladium is included in the platinum-group metals (PGMs) category, which also includes platinum, rhodium, iridium, ruthenium and osmium.

    What is palladium used for? Palladium’s biggest use is in catalytic converters in gasoline-powered vehicles as it converts pollutants like hydrocarbons and carbon monoxide into water, carbon dioxide and more.

    Palladium demand trends

    Total palladium demand for 2025 is expected to come in at 9.63 million ounces, down about 4 percent from the previous year’s demand, according to the World Platinum Investment Council (WPIC), which provides quarterly market overviews.

    Palladium’s four biggest demand sectors are automotive at 80.7 percent, industrial at 14.1 percent, investment at 2.9 percent and jewelry at 2.3 percent.

    In the automotive industry, palladium is used in catalytic converters for vehicle exhaust systems, especially for gasoline engines. High prices for the metal in the early 2020s led to its sister metal platinum being increasingly substituted for palladium.

    Demand from this sector is expected to decline by more than 4 percent year-on-year in 2025 to 7.74 million ounces as global auto sales and production are dropping during this period of economic uncertainty.

    Another important factor impacting this segment of the market is the growing market for electric vehicles (EVs), which do not require catalytic converters as they don’t create polluting emissions. The transition to electric is placing downward pressure on palladium demand from the auto sector. However, the slowdown in EV adoption worldwide is lessening the impact.

    Demand dynamics are shifting within the auto sector following the enactment of the Trump Administration’s One Big Beautiful Bill. Part of the legislation includes an end to EV tax credits that provided up to US$7,500 to consumers who purchased an EV.

    Palladium supply trends

    In top palladium country South Africa, there have been many mine disruptions in recent years, largely due to strikes, energy shortages and a lack of long-term investment in production facilities. Despite those risks, miners are still moving forward with palladium development in the region.

    Russia is the source of 39 percent of global mined palladium supply. The country’s war in Ukraine has placed it at the other end of the sanctions sword as the world’s leaders try to force President Vladimir Putin to end the bloodshed. In April 2022, bourses in London and Chicago suspended two state-owned Russian refiners from their goods-delivery and sponge-accreditation lists. The US and UK took further steps in 2024 to banned trading of refined Russian metals, including palladium, from exchanges.

    Despite a 4 percent decline year-over-year in palladium supply, the WPIC estimates that palladium is set to face supply deficits in 2025 and 2026. This is a continuation of an ongoing supply-demand imbalance in the palladium market. Mine supply of the metal is expected to decline by a compound annual growth rate of 1.1 percent from 2024 to 2029.

    In 2025, according to WPIC estimates, palladium supply will see a shortfall of 260,000 ounces of the metal, down significantly from the 689,000 ounce deficit recorded in the previous year.

    The market is expected to transition into a surplus in 2027. However, that outlook could change if the palladium recycling segment does not ramp up.

    “Notably, the forecast of palladium going into surplus is entirely contingent on recycling supply growth,” states the WPIC. “If this does not materialise then palladium could remain in a deficit for the foreseeable future, which could materially alter palladium value expectations.”

    How to invest in palladium

    Investors who want exposure to palladium’s market dynamics and the palladium price may be interested in investing in the metal. There are several ways to invest in palladium, including palladium mining stocks, PGM ETFs, palladium bars and coins, and palladium futures.

    Palladium stocks

    One option investors can use to gain exposure to palladium is investing in palladium mining stocks and junior exploration stocks. Investors can buy palladium stocks through stock brokers and online stock-trading platforms.

    Investing in primary palladium companies can be tricky, as most of the world’s palladium is produced as a by-product of platinum and nickel mines. However, companies with diversified exposure to metals can also provide protection during down markets for palladium with revenue from their other products.

    To help you learn about palladium stocks you can buy, we profile palladium miners and junior PGM exploration companies below.

    Major palladium mining stocks

    Eastern Platinum (TSX:ELR,OTC Pink:ELRFF)
    Eastern Platinum, or Eastplats, has a number of directly and indirectly owned PGM assets in the Bushveld Complex of South Africa. Eastplats is ramping up production of PGMs, including palladium, and chrome concentrates at Crocodile River’s new Zandfontein underground mine.

    Impala Platinum Holdings (OTCQX:IMPUF,JSE:IMP)
    Impala Platinum, or Implats, is one of the most prominent platinum and palladium mining companies in the world. The company has majority ownership or joint ventures in four PGM mining operations and a refining facility in South Africa’s Bushveld Complex, two PGM mining operations in Zimbabwe and the Lac des Iles PGM mine in Ontario, Canada.

    Sibanye Stillwater (NYSE:SBSW,JSE:SSW)
    Sibanye Stillwater is one of the world’s largest primary platinum and palladium producers, and its circular economy business model includes palladium recycling. The company has numerous PGM operations in South Africa and the US. Its US Stillwater and East Boulder operations are in Montana’s Stillwater Complex, the country’s largest source of PGMs.

    Valterra Platinum (LSE:VALT,JSE:VAL,OTC Pink:ANGPY)
    Valterra Platinum, formerly Amplats, is a leading primary producer of PGMs, supplying mined and recycled platinum products. The company’s operations are the Mogalakwena PGM mine, Amandelbult complex and Mototolo mine in South Africa’s Bushveld Complex. Valterra was demerged from Anglo American (LSE:AAL,OTC Pink:AAUKF) in 2025.

    Junior palladium stocks

    The following TSXV- and TSX-listed companies are examples of smaller-scale stocks that offer investors exposure to palladium, in addition to platinum and other metals.

    Bravo Mining (TSXV:BRVO,OTCQX:BRVMF)
    Bravo Mining owns the Luanga PGM-gold-nickel project in the Carajás Mineral Province of Brazil. The project’s 2025 mineral resource estimate shows measured and indicated resources of 10.4 million ounces of palladium equivalent at 2.04 grams per metric ton (g/t).

    Canada Nickel Company (TSXV:CNC,OTCQX:CNIKF)
    Canada Nickel Company is advancing its Crawford nickel-cobalt sulfide project in the Timmins-Cochrane mining camp of Ontario. The project also hosts significant palladium and platinum mineralized zones.

    Canadian North Resources (TSXV:CNRI,OTCQX:CNRSF),
    Canada North Resources owns the late-stage Ferguson Lake exploration project in the Kivalliq Region of Nunavut, Canada. The polymetallic project hosts base metals nickel, copper and cobalt as well as PGMs, including 3.53 million ounces of palladium and 630,000 ounces of platinum in the indicated category.

    Chalice Mining (ASX:CHN)
    Chalice Mining owns the Gonneville project in Western Australia, which holds palladium, platinum, nickel, cobalt and copper. The Western Australia government designated Gonneville a strategic project in recognition of the project’s importance for the country’s critical metals industry, and Chalice expects to complete its pre-feasibility study in November 2025.

    Clean Air Metals (TSXV:AIR,OTCQB:CLRMF)
    Clean Air Metals is focused on its wholly owned exploration-stage Thunder Bay North critical minerals project in the Thunder Bay region of Ontario, Canada. The project hosts platinum, palladium, copper and niobium mineralization, with an indicated resource of 1.2 million ounces of combined platinum and palladium.

    GT Resources (TSXV:GT)
    GT Resources is developing critical green transportation metals projects in North America and Europe. Its portfolio includes the North Rock copper-palladium-platinum project in Canada, and the Läntinen Koillismaa copper-palladium-platinum project in Finland.

    Ivanhoe Mines (TSX:IVN,OTCQX:IVPAF),
    Ivanhoe Mines is developing the Platreef project in South Africa. The Robert Friedland-led company is working on a phased expansion of the project, which is expected to become one of the world’s largest and lowest-cost producers of palladium, platinum, rhodium, nickel, copper and gold.

    Lifezone Metals (NYSE:LZM)
    Lifezone Metals has developed Hydomet, a hydrometallurgical processing technology, as a cleaner alternative to smelting for base and precious metals refining. The company has a joint venture partnership agreement with Glencore (LSE:GLEN,OTC Pink:GLCNF) in which Lifezone will use Hydromet to recycle palladium, platinum and rhodium, and Glencore will act as the offtaker and marketer.

    New Age Metals (TSXV:NAM)
    New Age Metals is a junior mineral exploration company developing its discrict-scale River Valley property in Ontario, considered one of North America’s largest undeveloped platinum group element projects. The company also holds a 100 percent interest in the Genesis PGE-copper-nickel project in Alaska.

    Platinum Group Metals (TSX:PTM,NYSE:PLG)
    Platinum Group Metals is working to bring into production its advanced-stage Waterberg PGM deposit in South Africa’s Bushveld Complex. First discovered by the company, the project is now a joint venture with key partners that include Implats at 14.86 percent. Platinum Group retains a 50.16 percent position in Waterberg and will be the majority operator.

    Stillwater Critical Minerals (TSXV:PGE,OTCQB:PGEZF)
    Stillwater Critical Minerals is advancing its large-scale flagship Stillwater West platinum, palladium, nickel, copper, cobalt and gold project in Montana, US.

    Ramp Metals (TSXV:RAMP)
    Ramp Metals owns the Rottenstone SW and PLD projects in Saskatchewan, Canada. Rottenstone is situated adjacent to a northeast-southwest geological formation connected to the historic Rottenstone mine, which produced nickel, PGMs and gold, although Ramp is currently focused on gold and copper at the site.

    Palladium ETFs

    Palladium-backed exchange-traded funds (ETFs) and products (ETPs) track the precious metal like an index fund, but trade like stocks on an exchange. These palladium and PGM ETFs allow US, Canadian and Australian investors access to the palladium price.

    Sprott Physical Platinum and Palladium Trust Unit (ARCA:SPPP,TSX:SPPP)
    The Sprott Physical Platinum and Palladium Trust ETF was created to invest and hold substantially all of its assets in physical palladium and platinum bullion. It currently holds over 155,000 ounces of palladium and over 235,000 ounces of platinum. The portfolio is held in custody at a federal crown corporation of the Canadian government.

    Aberdeen Standard Physical Palladium Shares (ARCA:PALL)
    The Aberdeen Standard Physical Palladium Shares is designed to track the performance of the palladium price, less expenses. It holds over 500,000 ounces of palladium in London at a secured vault belonging to JPMorgan Chase & Co. (NYSE:JPM).

    Global X Physical Palladium Structured (ASX:ETPMPD)
    Global X Physical Palladium is an ASX-listed platinum ETP that provides Australian investors access to palladium held in JP Morgan storage facilities.

    Palladium bars and coins

    Another option for investing in palladium is by holding physical assets directly, such as bullion. In fact, financial investors may buy palladium bullion bars, palladium bullion coins or collectible palladium coins for portfolio growth. This approach may suit multiple kinds of investors, from those looking to invest small amounts of money in the metal to those with larger quantities of cash.

    Kitco’s online physical palladium market is an example of where investors can buy and sell palladium bars and palladium coins, and this option includes home delivery. Another option is BullionVault’s online palladium marketplace, which allows investors to trade palladium that is stored in vaults, although they do not get to physically hold their metals themselves.

    For more information on how to invest in precious metals coins and bullion, check out our guide on buying physical gold, as much of the advice also applies to physical palladium investing.

    Palladium futures

    Palladium futures, a derivative instrument tied directly to the price of the actual metal, are another key option.

    Palladium futures are available for trade on the New York Mercantile Exchange (NYMEX), which is part of the CME Group. For more information on precious metals futures investing, see our guides to gold futures and silver futures.

    For investors unfamiliar with futures investing, futures are a financial contract between an investor and a seller, in which the investor agrees to purchase an asset from the seller at an agreed-upon price based on a date set in the future.

    Rather than owning physical metals themselves, investors speculating in the futures market are instead making bets on whether the price of a particular commodity will rise or fall in the near future.

    For example, if you buy a palladium futures contract believing the price of metal is set to rise, and your prediction proves correct, you could gain a return on your investment by selling the now more valuable futures contract before it expires.

    However, they’re not for novice investors, so be sure to do further research if you decide to use this investment method.

    Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.

    This post appeared first on investingnews.com

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    Investing

    Sankamap Updates Status on Late Filing of Financial Statements

    Investing 6 Mins Read

    Sankamap Metals Inc. (CSE: SCU) (‘Sankamap’ or the ‘Company’) further to the Company’s news release dated October 21, 2025, the Company continues to work towards the filing of its annual audited financial statements and management’s discussion and analysis for the fiscal year ended June 30, 2025 (the ‘Required Filings’).

    The audit of Sankamap’s subsidiary is nearing completion and is expected to be finalized within the next few days. Sankamap has provided the auditor with all required planning materials and supporting documentation; however, the commencement of Sankamap’s audit in full remains dependent upon the completion of the subsidiary audit. From Sankamap’s perspective, all necessary preparations for the audit have been completed, and only potential adjustments, if any, are anticipated following the finalization of the subsidiary audit. Sankamap continues to anticipate that the audited financial statements will be completed and filed on or before November 28, 2025.

    The Required Filings were due to be filed by October 28, 2025. In connection with the anticipated delays in making the Required Filings, the Company made an application for a Management Cease Trade Order (‘MCTO‘) under National Policy 12-203 Management Cease Trade Orders (‘NP 12-203‘) to the Alberta Securities Commission, as principal regulator for the Company, and the MCTO was issued on October 29, 2025. The MCTO restricts all trading by the Company’s CEO and CFO in securities of the Company, whether direct or indirect. The issuance of the MCTO will not affect the ability of persons who are not directors, officers or insiders of the Company to trade their securities. The MCTO will remain in effect until the Required Filings are filed or until it is revoked or varied.

    The Company expects to proceed with the filing of its interim first-quarter financial statements shortly after the Required Filings have been completed and submitted.

    Both the Company and its auditors are working diligently towards the completion and filing of the Required Filings, and the Company will provide additional updates.

    The Company confirms that it intends to satisfy the provisions of the alternative information guidelines described in NP 12-203 by issuing bi-weekly default status reports in the form of a news release until it meets the Required Filings requirement. The Company has not taken any steps towards any insolvency proceeding and the Company has no material information relating to its affairs that has not been generally disclosed.

    About Sankamap Metals Inc.

    Sankamap Metals Inc. (CSE: SCU) is a Canadian mineral exploration company dedicated to the discovery and development of high-grade copper and gold deposits through its flagship Oceania Project, located in the South Pacific. The Company’s fully permitted assets are strategically positioned in the Solomon Islands, along a prolific geological trend that hosts major copper-gold deposits; including Newcrest’s Lihir Mine, with a resource of 71.9 million ounces of gold¹ (310 Mt containing 23 Moz Au at 2.3 g/t P+P, 520 Mt containing 39 Moz Au at 2.3 g/t indicated, 81 Mt containing 5 Moz Au at 1.9 g/t measured, 61 Mt containing 4.9 Moz Au at 2.3 g/t Inferred).

    Exploration is actively advancing at both the Kuma and Fauro properties, part of Sankamap’s Oceania Project in the Solomon Islands. Historical work has already highlighted the mineral potential of both sites, which lie along a highly prospective copper and gold-bearing trend, suggesting the possibility of further, yet-to-be-discovered deposits.

    At Kuma, the property is believed to host an underexplored and largely untested porphyry copper-gold (Cu-Au) system. Historical rock chip sampling has returned consistently elevated gold values above 0.5 g/t Au, including a standout sample assaying 11.7% Cu and 13.5 g/t Au2; underscoring the area’s significant potential.

    At Fauro, particularly at the Meriguna Target, historical trenching has returned highly encouraging results, including 8.0 meters at 27.95 g/t Au and 14.0 meters at 8.94 g/t Au3. Complementing these results are exceptional grab sample assays, including historical values of up to 173 g/t Au3, along with recent sampling by Sankamap at the Kiovakase Target, which returned numerous high-grade copper values, reaching up to 4.09% Cu. In addition, limited historical shallow drilling intersected 35.0 meters at 2.08 g/t Au3, further underscoring the property’s strong mineral potential and the merit for continued exploration. With a commitment to systematic exploration and a team of experienced professionals, Sankamap aims to unlock the untapped potential of underexplored regions and create substantial value for its shareholders. For more information, please refer to SEDAR+ (www.sedarplus.ca), under Sankamap’s profile.

    1. Newcrest Technical Report, 2020 (Lihir: 310 Mt containing 23 Moz Au at 2.3 g/t P+P, 520 Mt containing 39 Moz Au at 2.3 g/t indicated, 81 Mt containing 5 Moz Au at 1.9 g/t measured, 61 Mt containing 4.9 Moz Au at 2.3 g/t Inferred)

    2. Historical grab, soil and BLEG samples from SolGold Kuma Review June 2015, and SolGold plc Annual Report 2013/2012

    3. September 2010-June 2012 press releases from Solomon Gold Ltd. and SolGold Fauro Island Summary Technical Info 2012

    QP Disclosure

    The technical content for the Oceania Project in this news release has been reviewed and approved by John Florek, M.Sc., P.Geol., a Qualified Person in accordance with CIM guidelines. Mr. John Florek is in good standing with the Professional Geoscientists of Ontario (Member ID:1228) and a director and officer of the Company.

    ON BEHALF OF THE BOARD OF DIRECTORS

    s/ ‘John Florek’
    John Florek, M.Sc., P.Geol
    Chief Executive Officer
    Sankamap Metals Inc.

    Contact:
    John Florek, CEO
    T: (807) 228-3531
    E: johnf@sankamap.com

    The Canadian Securities Exchange has not approved nor disapproved this press release.

    Forward-Looking Statements

    Certain statements made and information contained herein may constitute ‘forward-looking information’ and ‘forward-looking statements’ within the meaning of applicable Canadian and United States securities legislation. These statements and information are based on facts currently available to Sankamap and there is no assurance that the actual results will meet management’s expectations. Forward-looking statements and information may be identified by such terms as ‘anticipates,’ ‘believes,’ ‘targets,’ ‘estimates,’ ‘plans,’ ‘expects,’ ‘may,’ ‘will,’ ‘could’ or ‘would.’

    This press release contains forward-looking statements, including, but not limited to, statements regarding management’s expectations about obtaining the MCTO and completing the Required Filings within the anticipated timeline. Forward-looking statements are subject to various risks, uncertainties, and other factors that could cause actual results or events to differ materially from those expressed or implied by such statements. Sankamap does not undertake any obligation to update forward-looking statements or information, except as required by applicable securities laws. For more information on the Company, investors should review the Company’s continuous disclosure filings that are available at www.sedarplus.ca .

    To view the source version of this press release, please visit https://www.newsfilecorp.com/release/273235

    News Provided by Newsfile via QuoteMedia

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    Nextech3D.ai: Disrupting the Global Events Management Industry with AI and Blockchain

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    Nextech3D.ai (CSE:NTAR,OTCQB:NEXCF,FSE:1SS) is a pure-play AI and blockchain company transforming the global event and ticketing industry. Its end-to-end event management platform powers every stage of live, virtual, and hybrid events—from registration and ticketing to engagement and analytics.

    With the acquisitions of Eventdex and the Event Token ecosystem, Nextech3D.ai now offers a fully unified platform combining AI matchmaking, blockchain ticketing, registration, mobile apps, and badge printing in one seamless, secure system—eliminating the fragmentation of traditional event tech.

    Backed by 500+ returning customers and a 95% retention rate, Nextech3D.ai generates predictable SaaS-style revenue with 88 percent gross margins. The company is now scaling rapidly, driven by the rollout of blockchain ticketing and AI-powered event automation.

    Company Highlights

    • AI + Blockchain Convergence: Nextech3D.ai delivers a unified, full-stack platform for event management, ticketing and conferences, combining AI automation and blockchain ticketing into a single ecosystem that powers the entire event lifecycle.
    • Disrupting a Legacy Industry: Positioned to modernize a global +$85 billion event and ticketing market, Nextech’s integrated platform replaces fragmented vendor systems with one intelligent, secure and data-driven solution.
    • Recurring High-margin Growth: With 88 to 95 percent gross margins, over 500 recurring customers, and a 95 percent retention rate, Nextech operates a SaaS-style business model built on predictable, repeat revenue.
    • Blockchain Ticketing First Mover: Its Ethereum-based blockchain ticketing and Event Token ecosystem eliminate fraud and enable programmable resale royalties, sponsor airdrops and cross-event loyalty rewards.
    • Founder-led with Strong Insider Alignment: CEO Evan Gappelberg is the company’s single largest shareholder with approximately 30 million shares, ensuring management’s interests are fully aligned with long-term investors.
    • Strategic Growth Path to Profitability: With disciplined cost control, sequential quarterly growth, and new integrations via the Eventdex acquisition, Nextech3D.ai is entering a period of accelerating revenue and sustainable profitability

    This Nextech3D.ai profile is part of a paid investor education campaign.*

    Click here to connect with Nextech3D.ai (CSE:NTAR,OTCQB:NEXCF, FSE:1SS) to receive an Investor Presentation

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