Issued on behalf of Americore Resources Corp.
VANCOUVER – Baystreet.ca News Commentary – The global silver market is heading into its sixth consecutive annual supply deficit in 2026, with cumulative shortfalls now exceeding 800 million ounces since 2020[1]. Uranium spot prices have held near $94 per pound after touching $100 in January, as institutional buyers race to secure physical supply ahead of a tightening reactor fuel cycle[2]. Tagged companies: Americore Resources (TSXV: AMCO) (OTCQB: AMCOF), NexGen Energy (NYSE: NXE) (TSX: NXE), Endeavour Silver (NYSE: EXK) (TSX: EDR), Cameco (NYSE: CCJ) (TSX: CCO), and American Resources (NASDAQ: AREC).
With China restricting exports on tungsten, antimony, and silver to start the year, the scramble for allied-jurisdiction supply is accelerating across both precious and energy metals[3]. From Nevada silver to Saskatchewan uranium to Ontario battery materials, the companies positioned on proven geology in stable mining jurisdictions are drawing serious attention.
Americore Resources (TSXV: AMCO) (OTCQB: AMCOF) recently uncovered five historic core holes drilled by US Borax in 1985 at its Trinity Silver Project in Nevada that were never included in any previous resource estimate, despite being located in and around the historic open pit.
The drill results speak for themselves: Hole SC-4 alone returned 209.5 feet grading 145.98 g/t silver, including 153 feet at 185.94 g/t.
Hole SC-5 hit 246.5 feet at 97.52 g/t silver, with a higher-grade core of 70 feet at 128.26 g/t. Hole SC-1 cut 321.5 feet at 65.86 g/t, including 65 feet at 220.69 g/t.
These are wide intercepts with serious grade, drilled directly in and around the historic open pit. The fact that they were overlooked in prior resource models means the existing 36-million-ounce silver resource estimate could be materially understated.
"The evaluation of the drone survey over the next few weeks will allow us a better understanding of not only the historic resource but also the alteration halo extending from the pit," said Jeff Poloni, VP of Exploration for Americore Resources. "The key takeaway is that these holes provide direct evidence that the current resource model does not fully capture the mineralization present within and adjacent to the Trinity pit."
On top of this, the company has also received all data from its recently completed drone magnetometer survey, which covered approximately 350 line-kilometers across a 6-kilometer strike zone running through the heart of the project.
Now Americore is continuing its review of approximately 300Gb of legacy project data acquired from the property vendor, and these five overlooked core holes are the first major discovery from that process.
The company has also announced that it's evaluating options to monetize historic surface stockpiles containing approximately 400,000 ounces of silver in oxide material and 365,000 ounces in sulphide material still sitting on site from prior mining operations.
The Trinity Project sits in Pershing County, Nevada, where previous operator US Borax mined over one million tons and produced approximately five million ounces of silver through heap-leach operations during the 1980s and 1990s.
To date, Americore has expanded its land position to approximately 22,700 acres through direct staking and a strategic option agreement with Primus Resources, controlling all ground covered by a 2012 USGS aeromagnetic study that identified a 6-kilometer alteration corridor extending well beyond the existing resource boundary.
CONTINUED… Read this and more news for Americore Resources at:
https://usanewsgroup.com/2026/01/12/the-only-silver-that-matters-now-is-silver-you-can-touch/
In other industry developments:
NexGen Energy (NYSE: NXE) (TSX: NXE) has announced the expansion of its high-grade subdomain at Patterson Corridor East, with the primary high-grade zone growing 23% in vertical extent from 335 meters to 412 meters across 210 meters of strike length. The overall mineralized footprint expanded to 700 meters vertical extent and 620 meters strike length, with 67 of 102 drill holes returning mineralization.
"The 2025 drill program has rapidly advanced this new discovery, while underscoring the tremendous prospectivity of NexGen's 100% owned dominant land holdings which is driving the expanded activity in 2026," said Leigh Curyer, CEO of NexGen Energy. "The NexGen team is laser focused on concluding the final Federal permitting and licensing for the Rook I Project."
NexGen Energy has commenced a 45,500-meter 2026 exploration program, with 42,000 meters of diamond drilling at PCE representing the largest program conducted at the discovery to date. The Canadian Nuclear Safety Commission Part 2 hearing for the Rook I mine permit commenced in February 2026.
Endeavour Silver (NYSE: EXK) (TSX: EDR) recently provided 2026 guidance projecting consolidated silver production between 8.3 and 8.9 million ounces from Terronera, Guanacevi, and Kolpa, with gold output of 46,000 to 48,000 ounces. Together, the three mines are forecast to deliver 14.6 to 15.6 million silver equivalent ounces.
"2026 marks a pivotal turning point for Endeavour as Terronera ramps up into its first full year of production and Kolpa now fully integrated into our operating portfolio," said Dan Dickson, CEO of Endeavour Silver. "We are focused on delivering consistent operational performance across all three mines."
Consolidated cash costs in 2026 are projected between $12.00 and $13.00 per payable silver ounce, with all-in sustaining costs estimated at $27.00 to $28.00 per ounce. Endeavour recently completed the sale of its Bolanitos mine to focus capital on its higher-output Terronera and Kolpa operations.
Cameco (NYSE: CCJ) (TSX: CCO) recently reported 2025 results demonstrating another year of disciplined execution across its uranium, fuel services, and Westinghouse segments. The company is guiding for 2026 uranium deliveries between 29 million and 32 million pounds at an average realized price between CAD 85 and CAD 89.
"We delivered solid performance with strong contributions from our core assets and improved financial results tied to our disciplined long-term supply strategy in a constructive demand environment," said Tim Gitzel, CEO of Cameco. "The fundamentals that have been steadily improving over the past several years gained further traction in 2025, and we expect these trends to continue through 2026 and beyond."
Cameco holds approximately 230 million pounds of uranium committed under long-term contracts, positioning it to unlock value as utilities seek dependable supply in a market where secondary sources are thinning and new production faces mounting lead times and inflationary pressures.
Back in January, American Resources (NASDAQ: AREC), through its affiliate ReElement Technologies, announced the minting of the world's first utility token for critical minerals, a DFARS-ready supply chain traceability solution developed in partnership with SAGINT. The token represents refined neodymium oxide and demonstrates technical readiness for defense procurement compliance.
American Resources said the token represents a foundational step in building digital infrastructure for critical mineral supply chains, noting that blockchain-enabled traceability gives buyers confidence in the origin and processing pathway of every unit of material.
American Resources' subsidiary Electrified Materials has also commenced initial 2026 lithium-ion battery recycling intake at its Noblesville, Indiana facility, expanding the company's critical minerals recovery operations across rare earths, battery materials, and electronic waste streams.
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SOURCES CITED:
1. https://www.moneymetals.com/news/2026/02/12/silver-market-expected-to-run-sixth-straight-supply-deficit-this-year-004686
2. https://www.ans.org/news/2026-02-03/article-7731/uranium-prices-reach-highest-level-since-february-2024/
3. https://www.instituteforenergyresearch.org/international-issues/china-will-remain-the-worlds-dominant-critical-mineral-processing-supplier-through-2030/
