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Metalpha Reports Breakthrough in Total Assets for FY2026 Amidst Market Volatility

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HONG KONG, Aug. 7, 2026 /PRNewswire/ — Metalpha Technology Holding Limited (Nasdaq: MATH) (the “Company” or “Metalpha”), through its subsidiaries, is a global leading provider of blockchain and trading technology solutions, with a strong emphasis on the digital asset ecosystem. The Company today announced its audited financial results for the fiscal year ended March 31, 2026.

FY2026 Annual Results Highlights

For the fiscal year ended March 31, 2026, Metalpha demonstrated remarkable resilience in a challenging and volatile market. The Company achieved a revenue of $37.1 million and maintained continuous profitability. The Company’s total assets nearly doubled to $485.6 million, underscoring its massive business scale and deep liquidity reserves.

By leveraging diversified structured derivative solutions and rigorous hedging and liquidity strategies, the Company effectively managed risk exposures while delivering stable, risk-adjusted solutions for its clients.

“Fiscal year 2026 was a testament to our resilience and strategic foresight,” said Adrian Wang, CEO of Metalpha. “Despite industry-wide volatility, our robust hedging strategies and diverse product offerings successfully mitigated downside risk for our clients and helped them achieve enhanced returns on their investments. Furthermore, our increased investment in top talent and core team expansion is a deliberate, forward-looking move. We are building a world-class team and a fortified compliance infrastructure to capture the immense opportunities ahead and deliver long-term value to our shareholders.”

The Company filed its annual report on Form 20-F for the fiscal year ended March 31, 2026 (the “2026 Annual Report”) with the U.S. Securities and Exchange Commission (the “SEC”) on Aug 6, 2026. The 2026 Annual Report contains the Company’s audited financial statements for the fiscal year ended March 31, 2026, and is available on the SEC’s website at www.sec.gov.

About Metalpha

Metalpha Technology Holding Limited (NASDAQ: MATH) is a global leading provider of blockchain and trading technology solutions, with a strong emphasis on the digital asset ecosystem. At the core of our operations is a principal-based proprietary trading model, where we engage in strategic, own-account trading of cryptocurrencies and other digital assets. We complement this with highly customized blockchain-related technology solutions and services. With extensive blockchain and traditional fintech expertise, we are dedicated to delivering state-of-the-art technological solutions, including digital asset related management systems, hedging infrastructures, liquidity solutions and institutional grade architectures. We offer highly customized, one-stop solutions to help our customers grow their businesses and are committed to strengthening our position as one of the largest gateways to digital assets in Asia.

Forward-Looking Statements

This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to” and similar statements. Management has based these forward-looking statements on its current expectations, assumptions, estimates and projections. While they believe these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond management’s control. These statements involve risks and uncertainties that may cause Metalpha’s actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements.

Betty Zhang
ir@metalpha.finance

FP Markets Analysis: Japanese Yen at a Crossroads as Markets Weigh Next Move

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The yen has been here before — will history repeat itself, or is this time genuinely different?

LIMASSOL, Cyprus, Aug. 7, 2026 /PRNewswire/ — The Japanese yen remains a widely discussed currency following a coordinated, record-setting US-Japan intervention that began on 30 July. Before the intervention, USD/JPY was trading near ¥164 – a 40-year low for the yen.

The initial intervention weighed on USD/JPY, triggering losses of more than 400 pips (-2.4%) in a single day, with further intervention on 31 July prompting another 200-pip decline. Despite a tentative recovery from ¥155 to approximately ¥158 – the underside of the pair’s 200-day SMA – market participants are understandably on edge, as both US and Japanese officials have said they are prepared to intervene again if needed.

Japan has intervened on several occasions since 2022, but coordinated action with the US has been rare, most notably in the late 1990s and again in 2011. Both prior joint interventions marked turning points in the USD/JPY trend.

The question is why the US and Japan joined forces now. The US involvement was primarily to prevent a destabilising spike in domestic bond yields. As the largest foreign holder of US government debt, Japan typically finances interventions by selling Treasury holdings. To shield the bond market from a sell-off, the US Treasury financed its share by selling euros from reserves to buy yen.

FP Markets Chief Market Analyst Aaron Hill commented: ‘To prevent the yen from weakening further, intervention alone is unlikely to be sufficient. The BoJ would need to get involved, increasing the policy rate a few more times to send a serious signal to the market. But to keep the JPY structurally bid, it would also likely need an exogenous catalyst that incentivises repatriation back into the yen to put this capital to work on home soil. Without this, USD/JPY dip-buyers could emerge and target pre-intervention levels in the not-so-distant future’.

With volatility expected to remain elevated, access to reliable pricing, 24/7 customer support, fast execution, and an experienced customer support team is key. FP Markets offers competitive spreads, a wide range of FX currency pairs, including an extensive selection of JPY pairs, award-winning trading platforms, and timely market commentary to support traders in responding to fast-moving events such as currency interventions.

About FP Markets:

FP Markets is a global, multi-regulated, award-winning broker established in Sydney, Australia in 2005. The broker offers 10,000+ CFD instruments across seven asset classes, available on industry-leading platforms including MetaTrader 4, MetaTrader 5, TradingView, and cTrader.

FP Markets’ regulatory presence includes the Australian Securities and Investments Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC), the Financial Services Authority (FSA) in the Seychelles, the Financial Sector Conduct Authority (FSCA) of South Africa, and the Capital Markets Authority (CMA) of Kenya.

For more information, visit www.fpmarkets.com 

/C O R R E C T I O N — Elong Power Holding Limited/

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In the news release, Elong Power Holding Limited Announces the Change of Effective Date of its 1 for 45 Share Consolidations, issued 06-Aug-2026 by Elong Power Holding Limited over PR Newswire, we are advised by the company that the seventh paragraph, the pre-split number of shares outstanding sentence, should read as 35 million Class A ordinary shares of a par value of US$0.0128 each and approximately 114,515 Class B ordinary shares of a par value of US$0.0128 each rather than common shares will change from approximately 23 million to approximately 0.51 million as originally issued inadvertently. The complete, corrected release follows:

Elong Power Holding Limited Announces the Change of Effective Date of its 1 for 45 Share Consolidations

BEIJING, Aug. 7, 2026 /PRNewswire/ — Elong Power Holding Limited (Nasdaq: ELPW) (the “Company”), a provider of high power battery technologies for commercial and specialty alternative energy vehicles and energy storage systems, announced a share consolidation of the Company’s issued and outstanding Class A ordinary shares and Class B ordinary shares at a ratio of 1 for 45 shares (the “Reverse Split”) earlier today. The Company has announced a change of effective date of the Reverse Split. The Reverse Split will take effect at the open of The Nasdaq Stock Market (“Nasdaq”) on August 10, 2026.

On January 6, 2026, the Company held an extraordinary general meeting of the shareholders, and the shareholders approved to implement share consolidations of the Company’s Class A ordinary shares and Class B ordinary shares at any one time or multiple times, at the exact consolidation ratio and effective time as the Board may determine from time to time in its absolute discretion, provided that the accumulative consolidation ratio for all such share consolidations shall not be more than 4000:1, and authorized the Board to implement such share consolidations at any time during a period of up to two years of the date of the meeting. On July 31, 2026, the board approved implementation of the Reverse Split at a ratio of 1 for 45 shares.

The objective of the Reverse Split is to enable the Company to maintain compliance with Nasdaq Listing Rule 5810(c)(3)(A)(iii), which requires issuers listed on Nasdaq to maintain a closing bid price of greater than $0.10.

Upon the open of trading on August 10, 2026, the Company’s Class A ordinary shares will begin trading on a Reverse Split-adjusted basis, under the same symbol “ELPW” but under a new CUSIP number, G3016G137.

As a result of the Reverse Split, each 45 Class A ordinary shares with a par value of $0.0128 will automatically combine and convert into one issued and outstanding Class A ordinary share with a par value of $0.576. Each 45 Class B ordinary shares with a par value of $0.0128 will automatically combine and convert into one issued and outstanding Class B ordinary share with a par value of $0.576. The Reverse Split will affect all shareholders uniformly and will not alter any shareholder’s percentage ownership interest in the Company, except for minimal changes that may result from the treatment of fractional shares. No action is required by shareholders holding their shares through a brokerage account.

No fractional shares will be issued to any shareholders in connection with the Reverse Split, and each shareholder will be entitled to receive one full Class A ordinary share or Class B ordinary share, as applicable, in the Company in lieu of the fractional share that would have resulted from the Reverse Split.

At the time the share consolidation is effective, the Company’s total issued and outstanding Class A ordinary shares will change from approximately 35 million Class A ordinary shares of a par value of US$0.0128 each and approximately 114,515 Class B ordinary shares of a par value of US$0.0128 each to approximately 0.78 million Class A ordinary shares of a par value of US$0.576 each and approximately 2,545 Class B ordinary shares of a par value of US$0.576 each, respectively. The Company’s authorized shares will be proportionally reduced.

About Elong Power Holding Limited

Elong Power Holding Limited, a Cayman Islands exempted company, is committed to the research and development, manufacturing, sales and service of high-power lithium-ion batteries for electric vehicles and construction machinery, as well as large-capacity, long-cycle lithium-ion batteries for energy storage systems. Elong Power is led by Ms. Xiaodan Liu, Elong Power’s Chairwoman and CEO.

Elong Power has a comprehensive product and technology system that includes battery cells, modules, system integration, and battery management system development, based on high-power lithium-ion batteries and battery system products for long-cycle energy storage devices. Elong Power offers advanced energy applications and full life cycle services. Its product portfolio includes products utilizing lithium manganese oxide and lithium iron phosphate, among others, to meet the needs of high-power applications and energy storage applications in various scenarios.

Forward‑Looking Statements

This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may, “will, “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions and other factors discussed in the documents filed with the United States Securities and Exchange Commission (the “SEC”). For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

For more information, please contact:

Elong Power Holding Limited
ir@elongpower.com

The Ocean Connects Us All! Grand Opening of the “Formosa-Hawaii Cultural Festival” Marking the CIP’s 30th Anniversary, Taiwan Joins Hands with Hawaii to Bring Indigenous Culture to the World

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TAIPEI, TAIWAN – Media OutReach Newswire – 6 August 2024 – From July 31 to August 2, the Council of Indigenous Peoples (CIP) joined hands with the State of Hawaii Office in Taipei to present the three-day “Formosa-Hawaii Cultural Festival” at the New Taipei City Citizen Plaza, inviting people from across Taiwan to immerse themselves in the world of Austronesia through music and dance, and experience firsthand the beauty and passion of Austronesian culture.

Chairperson Ljaucu Zingrur (Tseng Chih-Yung) of the Indigenous Peoples Council delivered opening remarks at the Aloha Taiwan Cultural Festival, expressing the hope that cultural exchanges between Taiwan and Hawaiʻi will deepen Austronesian cultural connections and help preserve the invaluable cultural heritage of Indigenous peoples.
Chairperson Ljaucu Zingrur (Tseng Chih-Yung) of the Indigenous Peoples Council delivered opening remarks at the Aloha Taiwan Cultural Festival, expressing the hope that cultural exchanges between Taiwan and Hawaiʻi will deepen Austronesian cultural connections and help preserve the invaluable cultural heritage of Indigenous peoples.

Speaking at the opening ceremony, CIP Minister Ljaucu‧Zingrur said that cultural experiences often move people deeply, and that sound policy can turn that emotion into lasting institutions. As the CIP marks its 30th anniversary this year, the opening ceremony of the Formosa-Hawaii Cultural Festival featured a special tribute honoring individuals who have made outstanding contributions to Indigenous affairs. Among these forerunners and partners are those who advocated internationally for the rights of their people, devoted their lives to rescuing endangered Indigenous languages, brought international acclaim to Taiwan through music, dance, and sport, and even those who became guardians of their communities for leading the swift evacuation of an entire village amid a raging storm and rebuilding it in the aftermath. In paying tribute to these unsung heroes, the Minister expressed hope that this honor will be passed on, inspiring more talented citizens to join in advancing Indigenous affairs. He also expressed that this cultural celebration is powerful proof that Indigenous culture is not only flourishing on Taiwan’s own soil, but is also embracing the world with the utmost confidence and openness as it steps onto the international stage.

The festival’s biggest draw is its lineup of top international music and dance performances from across the Pacific, alongside Golden Melody Award-winning stars, paired with a lively, delicious, and fun Austronesian-themed marketplace, together creating the most exuberant summer party of the season! The whole venue is awash in the romance of Aloha. Visitors can savor Hawaiian Kona coffee and Indigenous delicacies in the Austronesian-themed exhibition area, try their hand at Hula dancing and lei making, and enter a daily lucky draw for limited-quantity market vouchers. Families of all ages can spend a leisurely afternoon into the evening enjoying live music while browsing the market stalls, experiencing firsthand the distinctive cultural charm and way of life shared by Taiwan’s Indigenous peoples and Hawaii.

The three-day program offered one highlight after another. During the day, the State of Hawaii Office in Taipei brought in the internationally acclaimed Ke Kai O Kahiki, a dance group known for powerful, masculine hula performances, to showcase the depth of Hawaiian culture. Furthermore, the CIP has invited music and dance troupes from Palau and Tuvalu to share the profound bonds of Pacific heritage. As night falls, Golden Melody Award-winning stars took the stage in succession. On July 31, “The Call of Mountains and Sea” kicked off with performances by Usay Kawlu, Utjung Tjakivalid, and Kasiwa; on August 1, “The Night of Island Sounds” brought Princess Ai and Abao back-to-back; and on August 2, “Aloha Night” closed the festival with a grand finale by Biung and Abus, pouring out the soul of the ocean through the most contemporary electronic beats and rhythms.

The CIP and the State of Hawaii Office in Taipei warmly invited people across Taiwan to bring family and friends to the New Taipei City Citizen Plaza this weekend, to enjoy live music, explore the marketplace, and experience firsthand this not-to-be-missed summer party rich in culture.

Photo: Chairperson Ljaucu Zingrur (Tseng Chih-Yung) of the Indigenous Peoples Council delivered opening remarks at the Aloha Taiwan Cultural Festival, expressing the hope that cultural exchanges between Taiwan and Hawaiʻi will deepen Austronesian cultural connections and help preserve the invaluable cultural heritage of Indigenous peoples.

Hashtag: #CouncilofIndigenousPeoples

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

Unikeyic Electronics Ranked No. 7 on Supply Chain Connect’s 2026 Top 50 Asia Pacific Distributors List

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The Singapore-headquartered distributor enters the region’s top 10, following its No. 19 placement on the 2026 Top 50 Global Electronics Distributors List in May.

SINGAPORE, Aug. 6, 2026 /PRNewswire/ — Unikeyic Electronics today announced it has been ranked No. 7 on Supply Chain Connect’s 2026 Top 50 Asia Pacific Distributors List, published on July 22, 2026. The placement puts Unikeyic among the region’s top 10 electronic components distributors and marks the company’s second industry recognition this year.

Unikeyic Electronics Ranked No. 7 on Supply Chain Connect's 2026 Top 50 Asia Pacific Distributors List
Unikeyic Electronics Ranked No. 7 on Supply Chain Connect’s 2026 Top 50 Asia Pacific Distributors List

In May 2026, Unikeyic was ranked No. 19 on Supply Chain Connect’s 2026 Top 50 Global Electronics Distributors List, its first entry into the global top 20. Taken together, the two rankings reflect the company’s continued progress in inventory coverage, quality assurance, fulfillment responsiveness, and digital procurement support across both global and regional markets.

Asia Pacific is the region where Unikeyic’s supply chain infrastructure is most established, making a top 10 placement particularly significant for the company. Two recognitions within a single year indicate that the capabilities Unikeyic is building for engineers, buyers, and manufacturers are creating measurable value in a fast-changing supply environment. The company extends its thanks to the customers, suppliers, and partners whose continued collaboration made this recognition possible.

Supply Chain Connect, a publication of Endeavor Business Media, covers the global electronics supply chain and publishes annual rankings of leading distributors worldwide and by region. The full Asia Pacific list is available at supplychainconnect.com.

Core capabilities supporting global and regional customers:

  • Scale and breadth. 300,000+ in-stock SKUs, authorized distribution partnerships with 200+ brands, and a 300,000 sq ft smart warehouse supporting fast global dispatch.
  • Quality assurance. An in-house testing laboratory that is CNAS-accredited and ILAC MRA-recognized, with test reports recognized in 100+ economies, helping customers source authentic, quality-assured components with confidence.
  • Agile fulfillment. Same-business-day dispatch for in-stock items, helping customers shorten lead times and reduce supply risk, with strong support for high-mix, low-volume sourcing requirements.
  • Digital integration. BOM tools, RFQ support, and enterprise API integration for real-time inventory access, pricing visibility, and seamless ERP connectivity.
  • Operational stability. Backed by a listed parent company with more than 20 years of supply chain infrastructure, providing procurement reliability, transaction security, and flexible payment options.

Looking ahead, Unikeyic will continue investing in inventory depth, brand coverage, quality assurance, digital procurement capabilities, and global service efficiency.

About Unikeyic Electronics

Unikeyic Electronics supplies electronic components for industrial control, automotive electronics, robotics, medical electronics, IoT, communications, and new energy applications.

Unikeyic Electronics is an electronic components distribution brand operated by UNIKEY ELECTRONICS PTE. LTD., a Singapore-headquartered company serving design engineers, buyers, ODMs, OEMs, and EMS providers in more than 100 countries and regions through unikeyic.com. With 300,000+ in-stock SKUs, a 300,000 sq ft smart warehouse, and authorized distribution partnerships with 200+ brands, Unikeyic supports fast global dispatch and efficient electronic components procurement.

More Stock. More Brands. Trusted by More.

Ractigen Therapeutics Announces Completion of Enrollment and First Dosing in Phase II Clinical Trial of RAG-17 for SOD1-ALS

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NANTONG, China, Aug. 6, 2026 /PRNewswire/ — Ractigen Therapeutics, a clinical-stage biotechnology company pioneering next-generation RNA therapeutics, today announced the completion of patient enrollment and initial dosing across all cohorts in its Phase II clinical trial evaluating RAG-17, an investigational siRNA therapy targeting superoxide dismutase 1 (SOD1) mutations in amyotrophic lateral sclerosis (ALS).

From the dosing of the first participant in the RAG-17 Phase II trial on January 13, 2026, to the completion of enrollment and first dosing of all participants today, this rapid progression across all five sites underscores both the strength of physician and patient engagement in the SOD1-ALS community and the operational execution of Ractigen’s clinical team. With all participants now having received their initial dose, the study advances into the critical evaluation period, during which safety, biomarker, and functional data will continue to accumulate ahead of key regulatory interactions.

RAG-17 is developed using Ractigen’s proprietary SCAD™ (Smart Chemistry-Aided Delivery) platform, with positive First-in-Human (FIH) Phase 1 clinical data recently published in Nature Medicine.

“Completing enrollment and first-dose administration in our Phase II MAD trial marks a pivotal achievement for Ractigen as we advance RAG-17 along a defined, accelerated regulatory pathway,” said Long-Cheng Li, M.D., Founder and CEO of Ractigen Therapeutics. “Building upon robust Phase I SAD data that demonstrated remarkable CSF SOD1 protein suppression and plasma neurofilament light chain (NfL) reduction, this milestone brings us one step closer to delivering a transformative therapy to SOD1-ALS patients. We remain fully focused on executing our clinical strategy and engaging with regulatory authorities to accelerate the development of this meaningful treatment.”

About RAG-17 Phase II

This Phase II trial (NCT06556394) is a randomized, double-blind, placebo-controlled, multiple ascending dose (MAD) study designed to evaluate the safety, tolerability, pharmacokinetics (PK), pharmacodynamics (PD), and preliminary efficacy of repeated intrathecal injections of RAG-17 in patients with SOD1 mutations. The participating sites include Beijing Tiantan Hospital, Capital Medical University (led by Dr. Yi-Long Wang), The Second Affiliated Hospital, Zhejiang University School of Medicine (led by Dr. Zhi-Ying Wu), West China Hospital of Sichuan University (led by Dr. Hui-Fang Shang), Fujian Medical University Union Hospital (led by Dr. Zhan-Yu Zou) and the First Affiliated Hospital, Sun Yat-sen University (led by Dr. Jing-Sheng Zeng).

About RAG-17

RAG-17 is an investigational siRNA therapeutic candidate designed using Ractigen’s proprietary SCAD™ delivery platform technology to specifically target and silence the superoxide dismutase 1 (SOD1) gene mRNA. Mutations in the SOD1 gene cause a toxic gain-of-function and are a known cause of familial ALS. By reducing the production of the toxic mutant SOD1 protein, RAG-17 aims to slow or halt the progression of SOD1-ALS.

RAG-17 has obtained Orphan Drug Designation (ODD) from the U.S. Food and Drug Administration (FDA) and been selected for the CARE Program of the Center for Drug Evaluation (CDE), National Medical Products Administration (NMPA), which facilitates the accelerated development of rare disease therapies.

About ALS
Amyotrophic Lateral Sclerosis (ALS) is a progressive neurodegenerative disease affecting nerve cells in the brain and spinal cord, leading to muscle weakness, paralysis, and ultimately death, typically within three to five years of diagnosis. SOD1 gene mutations account for approximately 10-20% of familial ALS cases and about 1-2% of sporadic ALS cases. There remains a critical unmet medical need for effective treatments that can slow or stop disease progression.

About Ractigen Therapeutics

Ractigen Therapeutics is a clinical-stage biopharmaceutical company innovating next-generation RNA therapeutics, with a primary focus on small activating RNAs (saRNAs) developed through its clinically validated RNA activation (RNAa) technology. Leveraging proprietary delivery platforms such as SCAD™, LiCO™, and GLORY™, Ractigen is advancing a robust pipeline addressing unmet medical needs in oncology, neurological diseases, and genetic disorders. Its versatile technologies also enable the rapid development of RNA-based solutions, including siRNAs, where applicable, to target life-threatening, fast-progressing conditions such as those in the CNS. Committed to scientific excellence and patient-centered innovation, Ractigen strives to transform healthcare through the power of RNA therapeutics. For more information, visit www.ractigen.com, and follow us on X and LinkedIn.

Founders Metals Grows Upper Antino Gold System; Down-Dip Extension Hits 28.0 m of 14.27 g/t Gold

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Vancouver, British Columbia – Newsfile Corp. – August 6, 2026 – Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) (FSE: 9DL0) (“Founders” or the “Company”) announces results from the Upper Antino target area at its Antino Gold Project (“Antino” or the “Project”) in southeastern Suriname (Figure 1). Recent exploration drilling at Upper Antino intersected 28.0 metres (m) of 14.27 grams per tonne (g/t) gold (Au) from 433.0 m in drill hole FR249, a 50 m down-dip extension of previously reported FR175 (10.0 m of 5.90 g/t Au).

Colin Padget, President & CEO, commented, “These results demonstrate meaningful high-grade growth potential at Upper Antino. FR249 is one of the strongest holes we’ve drilled at Antino, returning 28.0 metres of 14.27 g/t gold — grade we have typically seen only within the high-grade Froyo core, now intersected well outside it. By extending this mineralization down-dip from FR175, the hole potentially demonstrates strong vertical continuity of a new high-grade zone. Establishing its scale is a priority for our ongoing drilling.”

Highlights

  • Broad high-grade gold: 28.0 m of 14.27 g/t Au from 433.0 m (~340 m vertical) in FR249, a 50 m down-dip extension from the previously reported drill hole FR175 intersecting 10.0 m of 5.90 g/t Au
  • Multiple stacked zones: Drill hole FR249 intersected multiple gold zones with downhole widths ranging from 6.0 m to 28.0 m (Figures 2 and 3)
  • Growing gabbro-hosted target: gold mineralization occurs within a gabbro unit widening at depth, representing a progressively larger target for follow-up drilling

Geological Discussion
Ongoing drilling at Upper Antino is testing the down-dip continuation of the multiple gold-bearing shear zones that define the target. Hole FR249 cut four stacked, sub-parallel shears between 285.0 m and 461.0 m down-hole, the deepest of which returned 28.0 m of 14.27 g/t Au from 433.0 m (~340 m vertical) (Figures 2 and 3). The zones above it graded 18.0 m of 1.04 g/t Au from 285.0 m, 24.0 m of 0.36 g/t Au from 319.0 m, and 6.0 m of 1.62 g/t Au from 415.0 m, confirming that the stacked architecture seen near surface persists well below it. Earlier deep drilling traced mineralization to approximately 500 m vertical (announced August 11, 2025); FR249 now further demonstrates that these deeper horizons can carry substantially higher grades.

The highlight intercept occurs where the mineralized structures transect a large gabbro body. Gold mineralization at Upper Antino remains structurally controlled, with the gabbro providing a favourable host: the competent, brittle unit fractures readily where the shears cut through it, opening space for the quartz veining that carries high-grade gold, while its iron-rich composition promotes gold deposition from the mineralizing fluids. Because the unit widens down-dip, the structures intersect progressively greater volumes of this favourable host at depth. Mineralization remains open, and follow-up drilling is planned to track the high-grade structure along strike and down-plunge, with emphasis on its intersection with the gabbro.

The remaining holes in this release tested parallel shears across Upper Antino at a range of depths, returning results consistent with the multi-zone character of the target, including 3.0 m of 6.06 g/t Au from 45.6 m in FR231 and a broad interval of 56.0 m of 0.40 g/t Au from 351.0 m, including 10.0 m of 1.10 g/t Au in drill hole FR241.

About Founders Metals Inc.
Founders Metals Inc. is a Canadian gold exploration company building a district-scale gold camp in southeastern Suriname. The Company controls a 102,360-hectare contiguous land package in the Guiana Shield – the largest uninterrupted package of highly prospective greenstone belt geology in the region. Founders is executing one of the most active exploration programs in the global junior gold sector and is backed by a strategic partnership with Gold Fields Limited. The Company is committed to responsible exploration, strong community engagement, and disciplined capital allocation as it advances Suriname’s next major gold camp.

Figure 1: Antino Gold Project Property Map
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7574/308296_38597786a43888a1_001full.jpg

Figure 2: Upper Antino Plan Map
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7574/308296_38597786a43888a1_002full.jpg

Figure 3: Upper Antino Section
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7574/308296_38597786a43888a1_003full.jpg

Table 1: Antino Assay Results

Drillhole From (m) To (m) Interval (m) Au (g/t)
FR249 285.00 303.00 18.00 1.04
and 319.00 343.00 24.00 0.36
and 415.00 421.00 6.00 1.62
incl 415.00 417.00 2.00 4.64
and 433.00 461.00 28.00 14.27
FR241 351.00 407.00 56.00 0.40
incl 371.00 381.00 10.00 1.10
FR239 74.00 82.00 8.00 1.67
incl 79.00 81.00 2.00 6.33
and 207.00 224.00 17.00 0.30
FR232 33.60 44.10 10.50 0.64
and 60.60 65.10 4.50 1.03
FR231 0.00 14.10 14.10 0.28
and 45.60 48.60 3.00 6.06
and 138.00 146.00 8.00 0.57
and 209.00 213.00 4.00 0.89

Intervals are down-hole depths. True widths of mineralization are unknown at this time based on currently available results and observations. All are diamond drill holes. Interval average grades are calculated with un-capped gold assays, as insufficient drilling has been completed to determine capping levels for higher-grade gold intercepts. Widths are calculated using a 0.10 g/t gold cut-off grade with <5.0 m of internal dilution of zero grade material, and a minimum composite length of 2.0 m. Intervals below 3.0 gram-metres are omitted. Table 2: Antino Drillhole Locations

Hole ID Easting (m) Northing (m) Elevation (m) Azimuth (°) Dip (°) Depth (m)
FR249 817396.33 401071.00 178.06 259.98 -55.31 551.00
FR241 817201.67 400975.67 154.92 245.00 -65.00 452.02
FR239 817246.33 400941.33 167.76 270.00 -65.00 392.00
FR232 817281.00 400790.00 206.18 240.00 -60.30 260.00
FR231 817193.50 400838.00 182.74 240.30 -65.20 350.00

Coordinates are reported in WGS 84 / UTM Zone 21N.

ON BEHALF OF THE BOARD OF DIRECTORS,
Per: “Colin Padget”
Colin Padget
President, Chief Executive Officer, and Director

Contact Information
Katie MacKenzie, Vice President, Corporate Development
Tel: +1 604 712 1790 | katiem@fdrmetals.com

Quality Assurance and Control
Samples were analyzed at FILAB Suriname, a Bureau Veritas Certified Laboratory in Paramaribo, Suriname (a commercial certified laboratory under ISO 9001:2015). Samples are crushed to 75% passing 2.35 mm screen, riffle split (700 g) and pulverized to 85% passing 88 µm. Samples were analyzed using a 50 g fire assay (50 g aliquot) with an Atomic Absorption (AA) finish. For samples that return assay values over 5.0 grams per tonne (g/t), another cut was taken from the original pulp and fire assayed with a gravimetric finish. Founders Metals inserts blanks and certified reference standards in the sample sequence for quality control. External QA-QC checks are performed at ALS Global Laboratories (Geochemistry Division) in Lima, Peru (an ISO/IEC 17025:2017 accredited facility). A secure chain of custody is maintained in transporting and storing of all samples. Drill intervals with visible gold are assayed using metallic screening. Diamond drill core is HQ diameter through oxide intervals and predominantly NQ diameter in deeper drilling. All samples are half core, split using a diamond saw Rock chip samples from outcrop/bedrock are selective by nature and may not be representative of the mineralization hosted on the project.

Qualified Persons
The technical content of this news release has been reviewed and approved by Michael Dufresne, M.Sc., P.Geol., P.Geo., an independent qualified person as defined by National Instrument 43-101.

Cautionary Statement Regarding Forward-Looking Information
This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation, including, but not limited to, statements regarding long term value creation, the Company’s prospects, exploration plans, and anticipated drilling results. Forward-looking information can generally be identified by words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, “believes”, or variations indicating that certain actions, events or results “may”, “could”, “would”, “might” or “will” occur or be achieved.

Forward-looking statements are based on management’s current expectations and reasonable assumptions but are subject to business, market, and economic risks, uncertainties, and contingencies that may cause actual results to differ materially from those expressed or implied, including: general business and economic uncertainties; exploration results; mining industry risks; and other factors described in the Company’s most recent annual management discussion and analysis. Although the Company has attempted to identify important factors that could cause actual results to differ materially, other factors may cause results not to be as anticipated. There can be no assurance that forward-looking information will prove accurate, as actual results and future events could differ materially from those anticipated. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information except in accordance with applicable securities laws. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

All material information on Founders Metals can be found at www.sedarplus.ca.

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

Daqo New Energy to Announce Unaudited Financial Results for the Second Quarter of 2026 on August 20, 2026

By
Advertorial Desk
-

SHANGHAI, Aug. 6, 2026 /PRNewswire/ — Daqo New Energy Corp. (NYSE: DQ) (“Daqo New Energy” or the “Company”), a leading manufacturer of high-purity polysilicon for the global solar PV industry, today announced it will release its unaudited financial results for the second quarter ended June 30, 2026, before U.S. markets open on Thursday, August 20, 2026.

The Company will hold a conference call to discuss the financial results at 8:00 AM U.S. Eastern Time on Thursday, August 20, 2026 (8:00 PM Beijing / Hong Kong time on the same day).

Dial-in details for the earnings conference call are as follows:

Participant dial in (U.S./Canada toll free): +1-888-346-8982

Participant international dial in: +1-412-902-4272

China mainland toll free: 4001-201203

Hong Kong toll free: 800-905945

Please dial in 10 minutes before the call is scheduled to begin and ask to join the Daqo New Energy call.

Webcast link:
https://app.webinar.net/2NXKalz98Rz

A replay of the call will be available 1 hour after the conclusion of the conference call through August 27, 2026. Dial in details for the replay are as follows:

U.S./Canada toll free: +1-855-669-9658

International toll: +1-412-317-0088

Replay access code: 6672616

To access the replay through an international dial-in number, please visit the link below.

https://services.choruscall.com/ccforms/replay.html

Participants will be asked to provide their name and company name upon joining the call.

About Daqo New Energy Corp.
Daqo New Energy Corp. (NYSE: DQ) (“Daqo New Energy”) is a leading manufacturer of high-purity polysilicon for the global solar PV industry. Founded in 2007, the Company manufactures and sells high-purity polysilicon to photovoltaic product manufacturers, who further process the polysilicon into ingots, wafers, cells and modules for solar power solutions. The Company has a total polysilicon nameplate capacity of 305,000 metric tons and is one of the world’s lowest cost producers of high-purity polysilicon.

For more information, please visit www.dqsolar.com

 

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