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Intrepid Metals Closes Strategic 9.9% Investment

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Vancouver, British Columbia – Newsfile Corp. – December 23, 2025 – Intrepid Metals Corp. (TSXV: INTR) (OTCQB: IMTCF) (“Intrepid” or the “Company”) is pleased to announce that pursuant to its announcement on December 18, 2025, Teck Resources Limited (“Teck“) has acquired, on a non-brokered private placement basis, 8,800,000 common shares in the capital of the Company (the “Common Shares“) at a price of $0.45 per Common Share (the “Issue Price“) for gross proceeds to the Company of $3,960,000 (the “Offering“), representing a 9.9% strategic equity interest in the Company on an outstanding basis.

Proceeds from the Offering will be used to complete an initial 24-month exploration and development program at Corral (the “Committed Program“). The Committed Program is expected to include, among other work programs, a 50 line-kilometre induced polarization (“IP“) survey, geological mapping and geochemical sampling, metallurgical and permitting work, and follow-up drilling designed to expand known zones and test new targets identified by Intrepid’s integrated, multi-dataset targeting. Intrepid anticipates additional mapping, geophysics, geochemical sampling and drilling at Corral in H2 2026.

The Company and Teck have concurrently entered into an investor rights agreement (the “Investor Rights Agreement“). Pursuant to the Investor Rights Agreement, and subject to customary conditions and ownership thresholds, Teck will have, among other rights: (i) participation rights in future equity financings to enable Teck to maintain its pro-rata interest in the Company for up to three years and, if exercised, to increase its ownership interest to up to 15% of the Company; (ii) the right to nominate two representatives to a four-person technical committee to provide technical oversight and collaboration with respect to the Corral Copper Project, with Teck holding a tie-breaking vote; (iii) certain information rights relating to the Corral Copper Project; and (iv) a right of first refusal, for a period of 30 months, on any proposed transfer of the Company’s interest in the Corral Copper Project, subject to customary exclusions.

The Common Shares issued under the Offering are subject to a statutory hold period under applicable securities laws in Canada expiring four months and one day from today.

Haywood Securities Inc. is acting as financial advisor and Farris LLP is acting as legal counsel to the Company.

The Company acknowledges the significant contributions of Mr. Ken Engquist, whose early engagement and relationship-building efforts with Teck were instrumental in advancing discussions. During his tenure as CEO, Mr. Engquist initiated and led the Company’s engagements with Teck and helped cultivate the strategic and technical dialogue that laid the groundwork for Teck’s 9.9% investment at this early stage of project development. Intrepid appreciates Mr. Engquist’s ongoing support of the Corral Copper Project as a Technical Advisor.

About Corral Copper
The Corral Copper Property, located near historical mining areas, is an advanced exploration and development opportunity in Cochise County, Arizona. Corral is located 15 miles east of the famous mining town of Tombstone and 22 miles north of the historic Bisbee mining camp which has produced more than 8 billion pounds of copper1. Production from the Bisbee mining camp, or within the district as disclosed in the next paragraph, is not necessarily indicative of the mineral potential at Corral.

The district has a mining history dating back to the late 1800s, with several small mines extracting copper from the area in the early 1900s, producing several thousand tons. Between 1950 and 2008, various companies explored parts of the district, but the effort was uncoordinated, non-synergistic and focused on discrete land positions and commodities due to the fragmented ownership. There is over 50,000m of historical drilling at Corral mainly centered on the Ringo, Earp and Holliday Zones and although this core has been destroyed, Intrepid has a historical digital drill hole archive database which the Company uses for the purposes of exploration targeting and drill hole planning. Intrepid, through ongoing exploration drilling and surface geological mapping, sampling and prospecting is increasing confidence in the validity of this data.

Intrepid is confident that by combining modern exploration techniques with historical data and with a clear focus on responsible development, the Corral Copper Property can quickly become an advanced exploration stage project and move towards development studies.

About Intrepid Metals Corp.
Intrepid Metals Corp. is a Canadian company focused on exploring for high-grade essential metals such as copper, silver, and zinc mineral projects in proximity to established mining jurisdictions in southeastern Arizona, USA. The Company has acquired or has agreements to acquire several drill ready projects, including the Corral Copper Project (a district scale advanced exploration and development opportunity with significant shallow historical drill results), the Tombstone South Project (within the historical Tombstone mining district with geological similarities to the Taylor Deposit, which was purchased for $1.3B in 20182, though mineralization at the Taylor Deposit is not necessarily indicative of the mineral potential at the Tombstone South Project) both of which are located in Cochise County, Arizona and the Mesa Well Project (located in the Laramide Copper Porphyry Belt in Arizona). Intrepid has assembled an exceptional team with considerable experience with exploration, developing, and permitting new projects within North America. Intrepid is traded on the TSX Venture Exchange (TSXV) under the symbol “INTR” and on the OTCQB Venture Market under the symbol “IMTCF”. For more information, visit www.intrepidmetals.com.

INTREPID METALS CORP.
On behalf of the Company
“Mark Morabito”
Chairman & CEO

For further information regarding this news release, please contact:
Mark Morabito, Chairman & CEO
604-306-3835
info@intrepidmetals.com

Notes
1 Information disclosed in this news release regarding the historic Bisbee Camp can be found on the Copper Queen Mine website, on the City of Bisbee website (www.bisbeeaz.gov/2174/Bisbee-History) and from Briggs, D.F., 2015, History of the Warren (Bisbee) Mining District, Arizona Geological Survey Contributed Report CR-15-b, 8 p.

2 Details regarding the sale of the Taylor Deposit can be found in South32 News Release dated October 8, 2018 (South32 completes acquisition of Arizona Mining).

Cautionary Note Regarding Forward-Looking Information
Certain statements contained in this release constitute forward-looking information within the meaning of applicable Canadian securities laws. Such forward-looking statements relate to: the potential of Corral; the actual use o proceeds raised from the Offering; the potential of Corral as an emerging copper asset in a highly prospective district; the potential for a porphyry discovery; the potential for previously unrecognized bulk-tonnage porphyry copper-gold discoveries close by; the exploration potential of the Corral Copper Property and the Company’s other mineral projects; and potential future production.

In certain cases, forward-looking information can be identified by the use of words such as “plans”, “expects”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might”, “occur” or “be achieved” suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward-looking information contained in this news release is based on certain factors and assumptions regarding, among other things, receipt of all necessary approvals for the Offering, including approval of the TSX Venture Exchange; the Company can raise additional financing to continue operations; the results of exploration activities, commodity prices, the timing and amount of future exploration and development expenditures, the availability of labour and materials, receipt of and compliance with necessary regulatory approvals and permits, the estimation of insurance coverage, and assumptions with respect to currency fluctuations, environmental risks, title disputes or claims, and other similar matters. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.

Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks inherent in the exploration and development of mineral deposits, including risks relating to the ability to access infrastructure, risks relating to the failure to access financing, risks relating to changes in commodity prices, risk related to unanticipated geological or structural formations and characteristics risks related to current global financial conditions, risks related to current global financial conditions and the impact of any future global pandemic on the Company’s business, reliance on key personnel, operational risks inherent in the conduct of exploration and development activities, including the risk of accidents, labour disputes and cave-ins, regulatory risks including the risk that permits may not be obtained in a timely fashion or at all, financing, capitalization and liquidity risks, risks related to disputes concerning property titles and interests, environmental risks and the additional risks identified in the “Risk Factors” section of the Company’s reports and filings with applicable Canadian securities regulators.

Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this news release. Except as required by applicable securities laws, the Company does not undertake any obligation to publicly update or revise any forward-looking information.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.

The issuer is solely responsible for the content of this announcement.

Xinhua Silk Road: Small navel oranges become big lever to boost ethnic county economy in Guangxi

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Advertorial Desk
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BEIJING, Dec. 24, 2025 /PRNewswire/ — In navel orange bases in south China’s Guangxi Zhuang Autonomous Region, small oranges always represent the hope of fortune for fruit farmers in an ethnic county there.

For years, navel orange bases have been a vigorous lever for Fuchuan Yao Autonomous County where the navel orange bases sit, to grow modern agricultural parks to bolster rural economy.

In such navel orange bases, the county encouraged live streaming sales via JD.com, Douyin and other digital consumption platforms to integrate planting, supply and sales, helping certain bases generate daily sales of over 10,000 kilograms.

Via tailored logistic routes, the county is capable of next-day navel orange delivery to consumers in Guangxi and Guangdong Province and 3-day-long delivery to most Chinese cities and provinces.

E-commerce outlets are thus common sight in the 156 villages of the county, whose daily delivery volume of navel oranges since their maturity in this autumn averaged 30,000-plus parcels.

For fine operation of local navel orange industry, the county also introduced progressing schemes and cultivated 30-plus agricultural businesses, promoting navel orange sales both at home and in overseas markets including Canada and the UAE.

When the county also leveraged offline activities for marketing, visitor flows of China-ASEAN Expo, competitions including local marathon events and other navel orange picking festivals were turned into consumption data, making the locality the largest navel orange production base in Guangxi.

Original link: https://en.imsilkroad.com/p/348907.html 

Nona Biosciences Expands Integrated Discovery-to-Clinical Capabilities Through Strategic Platform Growth

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CAMBRIDGE, Mass., Dec. 24, 2025 /PRNewswire/ — Nona Biosciences, a global biotechnology company advancing biotherapeutic discovery through innovative technology platforms, today announced the expansion of its integrated discovery and development framework to support early clinical development and Investigator-Initiated Trials (IITs).  This expansion extends Nona’s capabilities beyond discovery and IND-enabling activities to further strengthen CMC development, toxicology, and GMP manufacturing capabilities. Through strategic partnerships, platform acquisitions, and internal technology innovations, Nona will enable global biopharmaceutical companies to accelerate the clinical trial initiation with rigorous scientific and quality standards.

The expanded framework builds upon Nona’s proprietary platforms, including Harbour Mice®, HBICE®, Hu-mAtrIx™, NonaCarFx™, and Modalities-on-Demand™ and integrates strengthened preclinical and early clinical development capabilities across CMC development, toxicology, and clinical operation. By leveraging extensive partnerships in China and advancing of IITs, Nona enables global biopharmaceutical partners to access established infrastructure and operational efficiency. This approach facilities faster clinical trial initiation while maintaining high standards of global development and regulatory compliance.

“Expanding Nona’s technology platforms and capabilities from antibody discovery to early clinic development represents a natural progression of our strategic vision,” said Dr. Di Hong, Chief Executive Officer of Nona Biosciences. “By combining our proprietary platforms with strategic external collaborations and internal development efforts, we are strengthening our ability to enable efficient clinical translation while remaining focused on building differentiated, scalable technologies.”

With extensive experience spanning more than 300 discovery programs and a growing portfolio of clinically validated platforms, Nona Biosciences continues to advance the future of biologic innovation as a technology-centric company—empowering partners to progress efficiently from discovery through early clinical development using integrated, high-performance platforms.

About Nona Biosciences

Nona Biosciences is a global biotechnology company committed to cutting-edge technology innovations and providing integrated solutions from discovery to early clinical development and Investigator-Initiated Trials (IITs).

Nona’s proprietary Harbour Mice® technology platform generates fully human monoclonal antibodies in classical two light and two heavy chain (H2L2) format, and heavy chain-only (HCAb) format. The HCAb Harbour Mice® is the world’s first fully human HCAb transgenic mouse with clinical validation. This unique platform offers exceptional versatility for diverse applications using fully human VH single-domain antibodies as a plug-and-play system, including bispecific antibodies, multi-specific antibodies, CAR-T therapies, antibody-drug conjugates (ADCs), mRNA-based therapeutics, and more.

By integrating Harbour Mice®, single-B cell screening technology, NonaCarFx™ (a direct CAR-function-based screening platform), Hu-mAtrIx™ (an AI-driven drug discovery platform), Modalities-on-Demand™ (a next-generation modalities solution), and end-to-end preclinical drug development services, Nona Biosciences is dedicated to driving the global invention of transformative next-generation drugs. For more information, please visit: www.nonabio.com.

Global Times: China’s economic potential reflected in auto sector’s ‘three 30-million’ milestones

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BEIJING, Dec. 24, 2025 /PRNewswire/ — A video released on Sunday by studio Yishijie offered an explanation of a recent People’s Daily article, stressing that China’s economy is “large not only in scale, but also in potential,” and expressing strong confidence in its long-term development prospects.

The video explains a People’s Daily article originally published on the front page of the newspaper on December 19, 2025, by Ren Ping, which focuses on the widely discussed “three 30-million” milestones in China’s automotive industry.

Xi Jinping, General Secretary of the Communist Party of China (CPC) Central Committee, pointed out that “Our economy is on solid foundations, demonstrating advantages in many areas, strong resilience, and great potential. The conditions and underlying trends supporting long-term growth remain unchanged.”

The Central Economic Work Conference summarized the key principles of conducting economic work under new circumstances with “five imperatives,” with “it is necessary to fully tap economic potential” ranked first.

At the end of October, FAW-Volkswagen rolled out its 30-millionth vehicle. On December 10, Changan Automobile produced its 30-millionth Chinese-brand vehicle. A day later, data released by the China Association of Automobile Manufacturers showed that China’s automobile production and sales both exceeded 31 million units in the first 11 months of this year.

According to the video, these milestones highlight the immense potential of the Chinese market for open, win-win cooperation, the innovation capacity and brand strength of Chinese manufacturing, as well as the advantages of China’s supersized market and its comprehensive industrial system.

The video said that as the world’s second-largest consumer market, China boasts the world’s largest middle-income group and the most comprehensive industrial system, noting that China’s economic potential lies in the transition from old to new drivers, the integration of urban and rural development, and the balanced advancement of people and production.

By tapping momentum from industrial depth, exploring opportunities across geographic space, and fostering new vitality through human development, China’s economy is showing a more pronounced trend toward innovation-driven and high-quality growth, the video said.

The video noted that the auto sector once experienced a period of intensifying “rat-race” competition. In the first quarter of 2025, profit margin of China’s auto industry fell to 3.9 percent, below the average for the manufacturing sector.

However, the video emphasizes that the process of solving problems is also the process of unleashing potential. A series of timely measures has helped steer the industry back on track. The automobile sector reflects broader economic wisdom and plays a key role in releasing economic potential. In this process, the government should act as a guide, a barrier-breaker and a safeguard.

To fully unleash economic potential, the video stresses the importance of applying dialectical thinking and pursuing targeted solutions. Guided by the principle of “coordinating the whole as one chessboard,” it is essential to tailor measures to local conditions to unleash the comparative advantages and developmental potential of each region, pooling them into a powerful driving force for China’s economic development, the video noted.

“The fundamentals of the Chinese economy – its strong resilience, enormous potential, vast room for maneuver and long-term sustainability – remain unchanged,” said Xi, “we have every confidence in the future of China’s economy.”

SI Group Announces Closing of Comprehensive Recapitalization, Positioning the Company for Accelerated Growth

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Significant De-leveraging Transaction Resulting in Overall Debt Reduction of Approximately $1.7 Billion

THE WOODLANDS, Texas, Dec. 24, 2025 /PRNewswire/ — SI Group, a leading global developer and manufacturer of performance additives, process solutions and chemical intermediates, today announced the successful completion of a comprehensive recapitalization transaction supported by its lenders and equity partners. Through this transaction, SI Group has reduced its outstanding net indebtedness by approximately $1.7 billion (over 80% reduction) and made amendments to its revolving credit facility, both of which materially enhance SI Group’s financial and operational flexibility going forward. In addition, a new institutional ownership group, has injected $150 million of junior capital, demonstrating their confidence in the company’s long-term outlook. This investment will enable SI Group to fund the company’s working capital needs, invest in key operational initiatives, and accelerate growth to serve the needs of its customers and business partners.

“This recapitalization represents an important step for SI Group,” said David Bradley, President and CEO of SI Group. “By reducing our debt and securing new investment, we have strengthened our financial foundation, allowing us to continue investing in growth, improving operational capabilities, and supporting our customers worldwide. We appreciate the partnership of our new institutional investors, whose commitment reflects confidence in our strategy and positions us for long-term success.”

Advisors
Latham & Watkins LLP served as legal advisor, PJT Partners served as investment banker, AlixPartners LLP served as financial advisor to SI Group. 

Akin Gump Strauss Hauer & Feld LLP served as legal advisor and Lazard served as investment banker to an ad hoc group of the company’s second-out term loan lenders.

Baker Botts L.L.P served as legal advisor to the company’s current equity holders.

About SI Group
SI Group is a global leader in the innovative technology of performance additives, process solutions, and chemical intermediates. SI Group solutions are essential to enhancing the quality and performance of countless industrial and consumer goods within plastics, rubber & adhesives, fuels & lubricants, oilfield, and pharmaceutical industries. SI Group’s global manufacturing footprint includes 18 facilities on three continents, serving customers in 80 countries with approximately 1,600 employees worldwide. In 2025, SI Group received a bronze award for corporate social responsibility by EcoVadis and is ranked among the top 35 percent of the more than 150,000 companies worldwide. SI Group innovates and drives change to create value with a passion for safety, chemistry, sustainability, and extraordinary results. Learn more at www.siigroup.com.

Media Contact:
Joseph Grande
ph: + 1.413.684.2463
joe@jgrandecommunications.com

 

/DISREGARD RELEASE: Shanda Group/

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Advertorial Desk
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We are advised by Shanda Group that journalists and other readers should disregard the news release, “From Discoverative AI to the Entropy of Tolerance: Tianqiao Chen’s Vision of Human-AI Co-Evolution”, issued on December 23, 2025 by Shanda Group over PR Newswire, as the release plan has changed due to timeline issues.

CodiMe Expands Overseas Business with AI Fashion Image SaaS “Potoo,” Targeting Japan as a Key Market

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SEOUL, South Korea, Dec. 24, 2025 /PRNewswire/ — CodiMe Co., Ltd., a fashion AI startup, said it is accelerating its overseas business expansion in 2025, with Japan positioned as a key strategic market for its AI fashion image generation software-as-a-service platform, Potoo.

Potoo is designed to replace traditional model photoshoots in fashion e-commerce by generating high-quality model images using generative AI. With just a single product photo, the platform can produce unlimited model images, significantly reducing production costs and shortening content creation timelines. According to the company, Potoo can cut image production costs by up to 90 percent and reduce lead times from weeks to minutes, while contributing to higher conversion rates on product detail pages and marketing campaigns.

CodiMe reported that Potoo recorded more than sixfold month-on-month revenue growth in 2025, following the rollout of new features that expanded its commercial usability. These include automatic top-and-bottom outfit styling, fixed AI-generated model faces to maintain brand identity, selectable backgrounds, and back-view image generation. The company said the introduction of these features led to an approximately 530 percent increase in monthly revenue within one month of launch.

Japan is emerging as a central focus of CodiMe’s overseas strategy. The company has been actively engaging with Japanese fashion brands, media companies, and e-commerce operators through proof-of-concept projects and partnership discussions. At recent international exhibitions, including VivaTech 2025 in Paris and fashion-related events in Japan, CodiMe said it secured strong interest from Japanese companies, with more than 200 potential clients identified during a three-day exhibition period in Japan alone.

Potoo is powered by CodiMe’s proprietary AI model, trained on more than one million fashion-specific images. This specialized training enables higher realism, accurate color reproduction, and a greater level of automation compared with general-purpose image generation models. In addition, all model faces generated by Potoo are fully AI-created, allowing brands to use the images without concerns related to portrait rights or licensing issues, which is particularly important for global and Japanese enterprises.

CodiMe said Potoo is currently being used by domestic fashion companies in Korea, including major apparel groups, as well as overseas telecom operators, global apparel vendors, and media groups through paid contracts and pilot projects. The company aims to strengthen its presence in Japan by offering localized services and expanding partnerships tailored to the needs of Japanese fashion and retail businesses.

“Japan has a sophisticated fashion market with high standards for visual quality and operational efficiency,” Jihye Jung, CEO CodiMe, said. “We see strong potential for AI-generated fashion imagery to support Japanese brands as they seek faster, more flexible content production without compromising brand identity.”

CodiMe’s overseas expansion is supported by its selection for a government-backed export support program operated by South Korea’s Ministry of Science and ICT and the National IT Industry Promotion Agency, which is helping the company scale its global business around Potoo.

Gallery360 to Expand VR Exhibition Platform Globally in 2025, with Japan as a Focus Market

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SEOUL, South Korea, Dec. 24, 2025 /PRNewswire/ — Gallery360, a South Korea–based smart art platform company, said it will accelerate the global expansion of its VR exhibition platform in 2025, with Japan positioned as a key market alongside Singapore and Malaysia.

The company operates a VR exhibition service accessed by users in 116 countries and aims to develop the platform into a global online exhibition infrastructure for artists, cultural institutions, and organizations.

Gallery360’s main service, Gallery360 Exhibit, allows users to create VR exhibitions in approximately 10 minutes without specialized technical knowledge. The platform offers more than 50 virtual exhibition spaces, responsive design templates, and built-in functions for invitations, link sharing, and visitor statistics, enabling exhibitions to be viewed online regardless of location.

Each exhibition generates an individual web page and includes features such as digital animations prior to entry, themed virtual spaces, guestbooks, and voting functions. Exhibitions can be shared through unique URLs, with invitations distributed via email or messaging services. The platform provides data on visitor devices, countries, and access times, allowing organizers to analyze exhibition performance.

As of 2025, Gallery360 has supported more than 1,330 exhibition creators, hosted over 2,100 VR exhibitions, and recorded more than 1.7 million visitors, according to the company.

The platform currently supports Korean, English, and Japanese, enabling use across regions and age groups. It has been used for a wide range of content, including fine art, photography, educational programs, and public-sector exhibitions.

Gallery360 has worked with domestic and international partners including UNESCO, Pfizer, World Vision, government agencies, universities, local governments, and cultural institutions. The company holds more than 21 domestic patents related to VR exhibition, artificial intelligence, and artwork management technologies, and has registered trademarks in the United States and China. It has also received multiple industry and government awards and has participated in international technology exhibitions such as MWC Barcelona.

In addition to its software-as-a-service platform, Gallery360 is expanding its business for corporate and institutional clients. These offerings include hybrid online and offline exhibition packages, digital catalogs, group exhibition management tools, and data-based exposure and sponsorship models. The company said these services are being applied not only to art exhibitions but also to education programs, corporate social responsibility activities, and brand-related events.

“Japan has a well-established cultural sector and a high level of digital adoption,” said Sally Shin, Chief Executive Officer of Gallery360. “We plan to work with local partners to develop VR exhibition services that complement physical exhibitions and support international cultural exchange.”

Gallery360 said its overseas expansion is supported by its selection for a government-backed export support program operated by South Korea’s Ministry of Science and ICT and the National IT Industry Promotion Agency.

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