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Fox Tungsten Ltd. (TSXV: FOXT) is approaching a significant transition, with its 20,000-metre drilling campaign nearing completion and a preliminary economic assessment (PEA) targeted for May 2027. In a November 2 InvestorNews interview with Tracy Hughes, President, CEO and Director Stephen Gray outlined the company's progress at its flagship Fox Tungsten Project in British Columbia, the expansion of drilling into its Silverboss property, and the growing importance of developing North American tungsten supply. With approximately 281 million shares outstanding and a market capitalization of C$33 million at the time of the interview, Fox Tungsten is entering a period in which drilling results and economic studies could substantially reshape how investors evaluate the company.Gray reported that approximately 18,000 metres had been drilled, with results released for just 18 of roughly 80 completed holes. The company's October 7 assay announcement included 2.1 metres grading 1.43% tungsten trioxide (WO₃) and 7.9 metres grading 0.48% WO₃, including a narrower 0.4-metre interval grading 9.63% WO₃. These initial results support the company's resource expansion objectives, although most assays remain outstanding. Gray describes Fox as having one of the world's highest-grade tungsten resources and expects the drilling campaign to contribute to an updated mineral resource estimate in February 2027.The next milestone is determining what that resource could be worth economically. Gray expects the PEA to be completed in May 2027, providing investors with an initial assessment of potential project economics, development costs and operating parameters. In a November 4 announcement, Fox Tungsten confirmed that the study had formally commenced, with Ausenco Engineering Canada ULC appointed as lead engineering consultant. The company also confirmed that approximately 18,500 metres had been drilled and that drilling at Fox was complete, with the balance of the program focused on Silverboss.Gray sees the coming months as a turning point. "This will be a transformational kind of six to nine months for the company as we go from being an exploration company to really a development company," he said. The PEA will be particularly important in establishing an economic foundation for future development decisions, government support discussions and potential strategic relationships.Meanwhile, Fox Tungsten is pursuing a second opportunity at its 100%-owned Silverboss property, approximately 20 to 30 kilometres west of Fox. Located adjacent to Glencore's former Boss Mountain molybdenum mine, Silverboss is an earlier-stage exploration property targeting molybdenum and copper mineralization. Following the company's October 20 announcement of a dedicated drill rig, Gray confirmed that two rigs were operating at Silverboss. Initial drilling is evaluating geological targets identified through geophysical surveys and surface sampling, offering the possibility of a second critical minerals asset within the company's portfolio.Permitting progress is also contributing to the development timetable. In September, Fox Tungsten received provincial authorization for a new access trail designed to reduce helicopter dependence and improve operational efficiency. The authorization includes a commitment to regional caribou monitoring, with approximately C$300,000 expected to be contributed over five years. Disclaimer: Video interviews and other video content published by InvestorNews are produced as part of paid media services. The issuer or company featured in this video has compensated InvestorNews for the creation and publication of such content. The views expressed in these interviews are those of the interviewees or guests and do not necessarily reflect the opinions or positions of InvestorNews, its writers, or its affiliates. For full details, please refer to our complete disclaimer at www.investornews.com/disclaimer

Defense Metals Corp. (TSXV: DEFN | OTCQB: DFMTF) is positioning its Wicheeda project in British Columbia as a potential Canadian source of rare earth materials for Korean industrial supply chains. In an InvestorNews interview with Tracy Hughes, President, CEO and Director Mark Tory outlined the priorities behind his trip to Seoul, including meetings with Hanwha and an appearance before Korean corporations at a British Columbia government event. Tory’s investment case centres on Wicheeda’s metallurgy and its potential to reduce the amount of material requiring downstream chemical processing.Tory is travelling to the 22nd International Rare Earths Conference, taking place October 27–29, 2026. The visit also provides an opportunity to advance discussions under the non-binding memorandum of understanding announced in May with Hanwha Ocean Co. Ltd. and Hanwha Corporation. That framework covers potential long-term offtake and strategic investment, subject to further due diligence, negotiations and definitive agreements.Hanwha’s interest also reflects the Korean group’s ambitions in Canada’s naval and maritime sectors. The May announcement described a potential partnership aimed at securing the critical materials needed for those capabilities. For a Korean industrial group, that places a Canadian rare earth project within a wider strategy for its manufacturing supply chains.Tory said Hanwha is reviewing Defense Metals’ data room as the parties explore potential investment, offtake and technical support. He indicated that any agreement would likely come in 2027.At Wicheeda, Tory identified bastnaesite and monazite among the rare earth minerals supporting the project’s processing case. He described the ability to upgrade material grading approximately 2.4% total rare earth oxides, or TREO, into a concentrate grading about 50% through crushing, grinding and flotation. “It all revolves around the metallurgy and the ability for us to upgrade from that 2.4% TREO in the ground to a 50% concentrate grade,” he said.The commercial significance, in Tory’s assessment, is the effect on the hydrometallurgical plant, where the concentrate undergoes chemical processing. A higher concentrate grade means less material needs to pass through that stage for a given rare earth output, potentially reducing plant size and costs. He described the intended advantage as “lower capex, lower opex to get the same output.” For prospective Korean partners, those costs are central to assessing Wicheeda as a potential long-term supplier.To read the full column, go to: https://bit.ly/4z8UH5EDisclaimer: Video interviews and other video content published by InvestorNews are produced as part of paid media services. The issuer or company featured in this video has compensated InvestorNews for the creation and publication of such content. The views expressed in these interviews are those of the interviewees or guests and do not necessarily reflect the opinions or positions of InvestorNews, its writers, or its affiliates. For full details, please refer to our complete disclaimer at www.investornews.com/disclaimer

Ucore Rare Metals Inc. (TSXV: UCU | OTCQX: UURAF) is preparing to turn years of rare earth separation development into a commercial operation in Louisiana. In an InvestorNews interview with Jack Lifton, Chairman and CEO Pat Ryan described a business now focused on equipment installation, feedstock testing and delivering products that meet manufacturers’ specifications. Its first commercial RapidSX system, Enhanced Machine A, is targeted to complete installation, testing and commissioning at the Louisiana Strategic Metals Complex in Alexandria in the first half of 2027. “It’s not about the rocks; it’s about the chemistry,” Ryan said. That chemistry sits between a mixed rare earth feedstock and the oxide products manufacturers need before moving into metals, alloys and magnets. Ucore is concentrating on this separation stage, with Ryan emphasizing the work required to connect its output to customers further down the supply chain.The company has been producing material for those customers to evaluate. In August, Ucore reported producing 99.5% neodymium-praseodymium (NdPr) material from two different feedstock sources at its Commercialization and Demonstration Facility in Kingston, Ontario. It has also reported producing 99.9% dysprosium oxide and shipping material for customer qualification. These results support the commercial effort, while customer acceptance and consistent production at the Louisiana facility remain milestones ahead. Washington has expanded its support for that effort. On September 14, Ucore announced an additional US$4.6 million award to advance samarium and gadolinium process development and deployment of Enhanced Machine A, bringing total funding under its U.S. defense Other Transaction Agreement to US$27 million. Samarium is used in samarium-cobalt magnets valued for maintaining magnetic performance at high temperatures in defense and aerospace applications. Gadolinium serves a different range of specialized applications, including electronics, coatings and neutron absorption in nuclear reactors. The expanded Machine A design comprises approximately 118 RapidSX stages and targets processing capacity of approximately 600 tonnes annually of contained total rare earth oxides. Ucore’s May engineering update estimated its capital cost at US$60 million, with government funding providing part of the support. The company plans to establish this initial system before proceeding with larger production lines, making its performance an important test of the broader Louisiana development strategy. Ryan’s account of equipment procurement adds a practical dimension to that plan. He said the system is being built and assembled in the United States, using commercially available components alongside Ucore’s engineered separation equipment. Long lead equipment, including reactors, switchgear and chillers, has been ordered, he said. Ucore also announced completion of its contactor scale-up verification program in August, following more than 400 tests, providing engineering data for the Louisiana equipment configurations. Securing suitable material to process is another part of the commercial equation. Ucore’s June cooperation framework with Sumitomo Corporation of Americas covers feedstock sourcing and development of downstream offtake opportunities, including designated distribution activities in Japan. Disclaimer: Video interviews and other video content published by InvestorNews are produced as part of paid media services. The issuer or company featured in this video has compensated InvestorNews for the creation and publication of such content. The views expressed in these interviews are those of the interviewees or guests and do not necessarily reflect the opinions or positions of InvestorNews, its writers, or its affiliates. For full details, please refer to our complete disclaimer at www.investornews.com/disclaimer

DMG Blockchain Solutions Inc. (TSXV: DMGI | OTCQB: DMGGF) is pursuing a proposed 50-megawatt AI colocation tenancy at its Christina Lake data center in British Columbia. Its June 1 letter of intent outlines an initial 12-year agreement, with three potential five-year renewals. If finalized, the transaction would move the facility from its existing Bitcoin mining operations toward hosting a customer’s AI computing equipment.The letter of intent specifies recurring monthly charges and annual increases, but the announcement does not disclose their dollar values. It also provides for the prospective tenant to supply an investment-grade financial backstop for DMG to review. The tenant was not named, and the principal commercial provisions are non-binding. Completion therefore depends on negotiating and executing a definitive agreement.In its September 14 project update, DMG reported that Christina Lake had 75 MW of contracted power. This comprises 15 MW of firm power and 60 MW of non-firm, or curtailable, power. The company said its existing substation supports that total, while the proposed 50 MW tenancy refers specifically to critical IT load.The September update also reported contracts for two separate fiber routes and an application to expand the existing building. DMG said the proposed addition could support as much as 60 MW of critical IT load. The company revised its expected schedule for energizing tenant servers to 2027, with the conversion still subject to financing, permitting and agreements with the necessary counterparties.DMG said it was discussing financing with multiple financial institutions and evaluating rated bonds, lines of credit, equity and convertible debt. Its stated objective was to balance financing cost, flexibility and speed while minimizing shareholder dilution. That disclosure describes financing options under consideration; it does not establish that funding has been secured.Alongside the larger proposed tenancy, DMG has announced smaller steps into secure computing. In April, the company reported receiving 2 MW of prefabricated data center units, which it described as Sensitive Compartmented Information Facility, or SCIF-rated, infrastructure. Its June 16 announcement disclosed a colocation contract valued at approximately $670,000 over slightly more than two years, with expected AI workloads and an option for future SCIF services. That announcement did not identify the customer.DMG’s July 16 announcement also disclosed an investment in Atomic47 Labs Inc., a Kelowna company developing applied AI systems for regulated industries. DMG’s quarterly financial statements record a C$200,000 payment to Atomic47 on June 17 under a simple agreement for future equity. DMG described the investment as part of its strategy to develop secure Canadian sovereign AI infrastructure.Disclaimer: Video interviews and other video content published by InvestorNews are produced as part of paid media services. The issuer or company featured in this video has compensated InvestorNews for the creation and publication of such content. The views expressed in these interviews are those of the interviewees or guests and do not necessarily reflect the opinions or positions of InvestorNews, its writers, or its affiliates. For full details, please refer to our complete disclaimer at www.investornews.com/disclaimer

Australian Rare Earths Limited (ASX: AR3) is advancing its Koppamurra pilot programme at the Australian Nuclear Science and Technology Organisation (ANSTO) to generate the technical results and customer samples needed to support rare earth offtake agreements. In an InvestorNews interview with Tracy Hughes, Managing Director and CEO Travis Beinke explained how the work will help prospective buyers evaluate the company’s mixed rare earth oxide product while informing its definitive feasibility study. An existing non-binding offtake memorandum of understanding with Neo Performance Materials Inc. (TSX: NEO | OTCQX: NOPMF), covering half of planned Stage 1 production, gives AR3 a commercial relationship to build on as it advances customer qualification and financing discussions.“Yes, we do have a non-binding MOU for offtake for half of our Stage 1 production with Neo Performance Materials,” Beinke said. Neo became a shareholder when AR3 listed in 2021 and has provided technical support as Koppamurra has developed. The relationship gives AR3 access to downstream expertise as it advances discussions about the eventual sale of its production. The memorandum of understanding remains non-binding, with definitive commercial arrangements still to be secured.The pilot programme is centred on ANSTO’s purpose-built facility for clay-hosted rare earths, where AR3 is the first industry participant. Approximately 30 tonnes of Koppamurra material are being used in a campaign designed to validate the full processing flowsheet and generate mixed rare earth oxide samples for prospective offtakers. Beinke said access to an existing facility reduces the capital and time the company would otherwise need to establish its own pilot plant. “It also saves us a significant amount of time, being able to utilize the great facility that’s been built at ANSTO,” he said.AR3’s September 10, 2026 update showed the programme advancing into downstream product recovery. Its first heap leach column cycle, using approximately eight tonnes of ore, had generated rare earth-bearing solution that was subsequently processed through a mixed rare earth hydroxide precipitation circuit. That hydroxide is an intermediate product to be further refined into the mixed rare earth oxide samples intended for customer assessment. The campaign is scheduled to continue through December 2026, collecting operating and engineering data for the definitive feasibility study, which the company is targeting for completion in 2027.For the larger construction funding requirement, Beinke identified potential debt support from Export Finance Australia and possible investment by offtakers as options the company is exploring. “We do think there are going to be opportunities with the likes of Export Finance Australia to provide the debt component for the project,” he said. He also sees scope for customers interested in securing the proposed rare earth product to consider financial participation in its development. Those possibilities remain financing options the company is evaluating as it works toward a construction funding package.Asked how AR3 allocates capital between its projects, Beinke was unequivocal about Koppamurra’s priority. “The vast majority of our capital, our resources and our focus is on delivering this project into production as quickly and efficiently as we can,” he said.Disclaimer: Video interviews and other video content published by InvestorNews are produced as part of paid media services. The issuer or company featured in this video has compensated InvestorNews for the creation and publication of such content. The views expressed in these interviews are those of the interviewees or guests and do not necessarily reflect the opinions or positions of InvestorNews, its writers, or its affiliates. For full details, please refer to our complete disclaimer at www.investornews.com/disclaimer