Month: September 2026

NEW YORK, Sept. 21, 2026 (GLOBE NEWSWIRE) — AMC Robotics Corporation (Nasdaq: AMCI) (“AMC Robotics” or the “Company”), an AI-driven robotics solutions provider, today provided an update on the buildout of its manufacturing facility in Bắc Ninh, Vietnam, operated through its wholly owned subsidiary, AMCV Company Limited. The Company is targeting commissioning of its Phase 1 production line by the end of 2026, with an estimated maximum production capacity of tens of millions of modules. The Company currently expects the production line to generate approximately $30 million in annual production output based on current indicative purchasing interest from potential customers across the United States, Japan and Southeast Asia. The facility is designed to support production of the Company’s current robotics products and related core modules, with initial trial production expected to commence in early 2027.

The Company’s manufacturing investment is supported by strong tailwinds in the global warehouse automation market, which is estimated at $34.17 billion in 2026 and expected to grow at a compound annual growth rate of 13.98% to reach $65.74 billion by 2031, according to Mordor Intelligence (Source: https://www.mordorintelligence.com/industry-reports/warehouse-automation-market).

The management team at the Vietnam facility is led by General Manager Aron Wang, who brings more than 20 years of experience in electronics manufacturing, including chip-on-board (COB), surface mount technology (SMT), and optical packaging at leading companies including Siemens and ASMPT. He has also had significant experience with facility buildouts and team management. The Company expects to grow its local team to approximately 20 to 25 employees by early 2027, recruiting primarily from Vietnam’s established talent pool in electronics manufacturing and precision assembly.

AMC Robotics selected Vietnam for its well-established electronics supply chain, skilled manufacturing workforce, and proximity to key component suppliers. The facility will also serve to further diversify the Company’s manufacturing and supply chain footprint, supporting the scalable production of its AI-powered robotics solutions.

“Our team is working closely with local partners and suppliers to bring the facility online on schedule,” said Aron Wang, General Manager of AMCV Company Limited. “We are building a local team with world class manufacturing and quality capabilities, and we look forward to welcoming customers and partners to the site once trial production begins.”

“The progress at our Bắc Ninh facility reflects the meaningful steps we have taken to build a scalable manufacturing platform,” said Sean Da, Chairman and Chief Executive Officer of AMC Robotics. “With our management team in place and the buildout on track, we believe we are well-positioned to begin trial production in early 2027 and to meet the growing demand for our AI-powered robotics solutions in the warehouse automation market.”

About AMC Robotics Corporation

AMC Robotics (Nasdaq: AMCI) is an AI-driven robotics company focused on developing intelligent, scalable hardware and software solutions. The Company’s quadruped robotic platform, Kyro™, enables industries to automate inspection, security, and operational tasks through autonomous mobility and AI-powered perception and its warehouse logistics sorting robot, NovaArm™ is designed to enhance operational efficiency, improve sorting accuracy, and reduce labor costs for warehouses and distribution centers, addressing the accelerating demand for automation across the U.S. logistics sector.

For more information, please visit www.amcx.ai.

Investors and Media Contact
Susan Xu
Alliance Advisors IR
E: AMCRoboticsIR@allianceadvisors.com

Cautionary Note Regarding Forward Looking Statements
This press release may contain statements that constitute “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements include information concerning the Company’s possible or assumed future results of operations, business strategies, debt levels, competitive position, industry environment, potential growth opportunities, and the effects of regulation. These forward-looking statements are based on the Company’s management’s current expectations, projections, and beliefs, as well as a number of assumptions concerning future events. When used in this communication, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose,” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements.

These forward-looking statements are not guarantees of future performance, conditions, or results, and involve a number of known and unknown risks, uncertainties, assumptions, and other important factors, many of which are outside of the Company’s control, that could cause actual results to differ materially from the results discussed in the forward-looking statements, including statements regarding the management’s expectations, hopes, beliefs, intentions, plans, prospects or strategies regarding the anticipated use of proceeds received under the terms of the Agreement . These risks, uncertainties, assumptions, and other important factors include, but are not limited to: (a) challenges in opening operations in new jurisdictions, including but not limited to compliance with local ordinances, obtaining any necessary permits and regulatory oversight; (b) the ability to recognize the anticipated benefits of the new operations; (c) the outcome of any legal proceedings that may be instituted against the Company; (d) the ability to continue to meet the applicable stock exchange listing standards; (e) changes in applicable laws or regulations, including legal or regulatory developments (including, without limitation, accounting considerations); (f) the possibility that AMC Robotics may be adversely affected by other economic, business, and/or competitive factors; (g) AMC Robotics’ estimates of expenses and profitability; (h) buildout and production line commissioning of the Company’s robotic manufacturing facility and the corresponding target completion date; and (i) other risks and uncertainties indicated under “Risk Factors” contained in AMC Robotics’ Annual Report on Form 10-K for the year ended December 31, 2025 and other documents filed or to be filed with the SEC by AMC Robotics. Copies are available on the SEC’s website, www.sec.gov. You are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made.

The Company assumes no obligation and, except as required by law, does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. The Company gives no assurance that it will achieve its expectations.

Gephart Brings Five Years of Executive Leadership at Company to Role; Succeeds Retiring CFO David Day

NEW YORK, Sept. 21, 2026 (GLOBE NEWSWIRE) — Magnite (Nasdaq: MGNI), the world’s largest independent sell-side advertising platform, today announced the promotion of Brian Gephart as Chief Financial Officer (CFO), effective October 1, 2026. Gephart will succeed David Day, who previously announced his retirement after a distinguished decade-long tenure leading the company’s financial operations. Gephart, who has served as the Company’s Chief Accounting Officer since June 2021, will oversee Magnite’s global financial strategy and operations, including corporate finance, accounting, reporting, investor relations, treasury, and tax.

“For the past five years, Brian has been an integral part of our executive leadership team, working closely with me and our leadership team,” said Michael Barrett, CEO of Magnite. “His deep understanding of our business, strategic expertise and capital markets experience make him the natural choice to lead our financial organization as we enter this next chapter. Brian’s appointment reflects the strength of the leadership team we’ve built at Magnite and the depth of talent within our organization. We look forward to having him take on this expanded role as we continue to scale our CTV platform and drive growth across the open internet.”

Gephart has more than 20 years of experience across public-company finance, accounting, and capital markets. Before joining Magnite, he served as Chief Financial Officer and Principal Financial Officer at Leaf Group, a publicly traded consumer internet company, where he oversaw financial operations, reporting, and strategy. He previously held senior accounting roles in industry and began his career in public accounting, initially in audit and later specializing in capital markets and accounting advisory services.

“Magnite has established itself as a leading force in programmatic advertising, particularly in the fast-growing CTV landscape,” said Brian Gephart, incoming CFO of Magnite. “I look forward to taking on the CFO role at such an important time for the company and working alongside Michael and the entire executive team to build on the strong foundation David has established. Together, we will maintain financial discipline, execute against our strategic priorities, and create long-term value for our shareholders.”

“Working alongside Michael, the Board, and our exceptional finance team has been one of the highlights of my career,” said David Day, outgoing CFO. “I am extremely confident in Magnite’s market position and future growth prospects, and I am proud of the strong foundation we have built together. I look forward to watching the company continue to grow and succeed.”

About Magnite
We’re Magnite (NASDAQ: MGNI), the world’s largest independent sell-side advertising company. Publishers use our technology to monetize their content across all screens and formats including CTV, online video, display, and audio. The world’s leading agencies and brands trust our platform to access brand-safe, high-quality ad inventory and execute billions of advertising transactions each month. Anchored in bustling New York City, sunny Los Angeles, mile high Denver, historic London, colorful Singapore, and down under in Sydney, Magnite has offices across North America, EMEA, LATAM, and APAC.

Forward-Looking Statements
This press release contains forward-looking statements. Forward-looking statements are based on assumptions and estimates, and are subject to known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from expectations or results projected or implied by forward-looking statements, including factors identified under the caption “Risk Factors” in filings we have made and will make from time to time with the Securities and Exchange Commission, or SEC, including our Annual Report on Form 10-K for the year ended December 31, 2025 and subsequent Quarterly Reports on Form 10-Q. Forward-looking statements are not guarantees of future performance or events and investors are cautioned not to place undue reliance on any forward-looking statement. Furthermore, forward-looking statements speak only as of the date on which they are made, and, except as required by law, the company disclaims any obligation to update these forward-looking statements to reflect future events or circumstances.

Media Relations
Charlstie Veith
516-300-3569
cveith@magnite.com

Investor Relations
Nick Kormeluk
949-500-0003
nkormeluk@magnite.com

PLANTATION, Fla., Sept. 21, 2026 (GLOBE NEWSWIRE) — Alliance Entertainment Holding Corporation (Nasdaq: AENT), a leading distributor and fulfillment partner to the entertainment and pop-culture collectibles industry, will participate in a webcast presentation and host one-on-one meetings with investors at the Lytham Partners Fall 2026 Investor Conference, taking place virtually on September 29-30, 2026.

Company Webcast

The webcast presentation will take place at 1:15 p.m. ET on Tuesday, September 29, 2026. The webcast can be accessed by visiting the conference website at https://lythampartners.com/fall2026/ or directly at https://app.webinar.net/vBAJY6Wd64W. The webcast will also be available for replay following the event.

1×1 Meetings

Management will be participating in virtual one-on-one meetings throughout the event. To arrange a meeting with management, please contact Lytham Partners at 1×1@lythampartners.com or register for the event at https://lythampartners.com/fall2026invreg/.   

About Alliance Entertainment

Alliance Entertainment (NASDAQ:AENT) is a scaled entertainment commerce and collectibles platform serving content owners, brands, retailers and fans across music, movies, gaming, licensed merchandise and collectibles. The Company also owns and develops proprietary brands and platforms, including Handmade by Robots™ and Alliance Authentic™, while Endstate Authentic adds NFC-enabled authentication and digital product identity capabilities supporting provenance, brand protection and authenticated resale. Leveraging decades of industry relationships and distribution, fulfillment and inventory-management expertise, Alliance reaches more than 35,000 retail and e-commerce storefronts, connecting entertainment franchises and collectible products with consumers across channels and generations. For more information, visit www.aent.com.

For investor inquiries, please contact:

Dave Gentry
RedChip Companies, Inc.
1-407-644-4256
AENT@redchip.com

SELANGOR, Malaysia, Sept. 21, 2026 (GLOBE NEWSWIRE) — Founder Group Limited (Nasdaq: FGL) (“FGL” or the “Company”), announced today that on September 16, 2026, the Company received a letter from the Listing Qualifications Department of Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that since it no longer meets the minimum 500,000 publicly held shares requirement under Nasdaq Listing Rule 5550(a)(4) for the Nasdaq Capital Market, it no longer complies with the Listing Rules for continued listing.

The notification has no immediate effect on the listing or trading of the Company’s Class A ordinary shares. The Company has until November 2, 2026, to provide Nasdaq’s staff with a specific plan to achieve and sustain compliance with all The Nasdaq Capital Market listing requirements, including the time frame for completion of such plan. The Company intends to submit such plan within the required timeframe.

About Founder Group Limited 

Founder Group Limited is a pure-play, end-to-end EPCC solutions provider for solar PV facilities in Malaysia. The company’s primary focus is on two key segments: large-scale solar projects and commercial and industrial (C&I) solar projects. The company’s mission is to provide customers with innovative solar installation services, promote eco-friendly resources and achieve carbon neutrality.

For more information on the Company, please visit https://www.founderenergy.com.my/.

Safe Harbor Statement

This press release contains forward-looking statements that reflect our current expectations and views of future events. Known and unknown risks, uncertainties and other factors, including those listed under “Risk Factors” in the Company’s filings with the U.S. Securities and Exchange Commission, may cause our actual results, performance or achievements to be materially different from those expressed or implied by the forward-looking statements. You can identify some of these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “potential,” “continue” or other similar expressions. We have based these forward-looking statements largely on our current expectations and projections about future events that we believe may affect our financial condition, results of operations, business strategy and financial needs. These forward-looking statements involve various risks and uncertainties. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. We qualify all of our forward-looking statements by these cautionary statements.

Contact Information

For media queries, please contact:
Founder Group Limited
info@founderenergy.com.my

TORONTO, Sept. 21, 2026 (GLOBE NEWSWIRE) — Osisko Gold Group Inc. (NYSE: OGG, TSXV: OGG) (“Osisko Gold” or the “Company“) announces its intention to offer and sell US$500 million aggregate principal amount of senior secured notes due 2031 (the “Notes“) to refinance its existing senior secured project loan facility with funds advised by Appian Capital Advisory Limited (the “Appian Credit Facility“) and advance the construction of the Cariboo Gold Project in British Columbia, Canada (the “Cariboo Gold Project“), subject to market and other conditions (the “Offering“).

The Notes will be fully and unconditionally guaranteed by certain of the Company’s subsidiaries, which, at closing, is expected to consist of Barkerville Gold Mines Ltd., the Company’s subsidiary relating to the Cariboo Gold Project, and will be secured by a first priority lien on the Company’s and each guarantor’s property, including equity interests owned by the Company and each guarantor in their respective subsidiaries, the interest reserve account and disbursement account, as described herein, and personal and real property, subject to certain exceptions. The aggregate principal amount, interest rate and other terms of the Notes will be determined at pricing and are dependent upon market conditions and other factors.

Osisko Gold intends to use the aggregate net proceeds from the Offering, after deducting the initial purchasers’ discounts and commissions and estimated offering expenses, to

• repay all amounts outstanding, and terminate all commitments, under the Appian Credit Facility with approximately US$120.9 million of the net proceeds from this offering;
• fund a segregated interest reserve account in an amount equal to the first five interest payments on the Notes; and
• fund, with the remaining net proceeds, a segregated disbursement account with funds to be used to advance the Cariboo Gold Project.

The Notes will be offered and sold only to persons reasonably believed to be qualified institutional buyers in accordance with Rule 144A under the United States Securities Act of 1933, as amended (the “Securities Act“), and to non-U.S. persons outside the United States pursuant to Regulation S under the Securities Act. The Notes will be offered and sold in Canada on a private placement basis pursuant to applicable Canadian prospectus exemptions.

The offer and sale of the Notes have not been and will not be registered under the Securities Act or any state securities laws and the Notes may not be offered or sold in the United States or to U.S. persons absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws. This news release shall not constitute an offer to sell or the solicitation of an offer to buy the Notes, nor shall there be any offer or sale of the Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful.

ABOUT OSISKO GOLD GROUP INC. Osisko Gold Group Inc. is a continental North American gold development company focused on past producing mining camps with district-scale potential. The Company’s objective is to become an intermediate gold producer through the development of its flagship, fully permitted, 100%-owned Cariboo Gold Project, located within the Company’s broader Cariboo regional land package in central British Columbia, Canada, which hosts numerous prospective exploration targets and provides opportunities for future discoveries. Its Cariboo project pipeline is complemented by the Tintic Project, located in the historic East Tintic mining district in Utah, U.S.A., a brownfield property with significant exploration potential, extensive historical mining data, and access to established infrastructure. Osisko Gold is focused on developing long-life mining assets in mining-friendly jurisdictions while maintaining a disciplined approach to capital allocation, development risk management, and mineral inventory growth.
Sean Roosen Chairman and CEO Email: sroosen@osiskogold.ca Tel: +1 (514) 940-0685	Philip Rabenok Vice President, Investor Relations Email: prabenok@osiskogold.ca Tel: +1 (437) 423-3644

CAUTION REGARDING FORWARD-LOOKING STATEMENTS

This news release contains “forward-looking information” (within the meaning of applicable Canadian securities laws) and “forward-looking statements” (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, as amended) (collectively, “forward-looking statements”). Such forward-looking statements, by their nature, require Osisko Gold to make certain assumptions and necessarily involve known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied in these forward-looking statements. Such forward-looking statements are not guarantees of performance and are identified with words such as “may”, “will”, “would”, “could”, “expect”, “believe”, “plan”, “anticipate”, “intend”, “estimate”, “potential”, “propose”, “project”, “outlook”, “foresee”, “continue”, “objective”, “strategy”, variants of these words or the negative or comparable terminology, as well as terms usually used in the future and the conditional. Information contained in forward-looking statements is based upon certain material assumptions that were applied in drawing a conclusion or making a forecast or projection, including statements pertaining to: the proposed terms of the Notes; the completion, timing and size of the proposed Offering; the Company’s ability to satisfy the conditions to closing of the Offering; the anticipated use of proceeds from the Offering; the ability to develop the Cariboo Gold Project and its status as being fully permitted; the Company’s objective of becoming an intermediate gold producer; and the exploration potential and potential for future discoveries (if any) of its properties; and the intention to terminate the Appian Credit Facility.

Osisko Gold considers its assumptions to be reasonable based on information currently available but cautions the reader that their assumptions regarding future events, many of which are beyond the control of Osisko Gold, may ultimately prove to be incorrect since they are subject to risks and uncertainties that affect Osisko Gold and its business. Such risks and uncertainties include, but are not limited to: the risk that the conditions to closing of the Offering are not satisfied and that the Offering is not completed on the terms currently contemplated, or at all; the absence of further work stoppages or suspensions at the Cariboo Gold Project; risks associated with the development and construction of the Cariboo Gold Project; risks relating to third-party approvals, including the issuance of permits by governments, favourable regulatory conditions and approvals, capital market conditions and the Company’s ability to access capital on terms acceptable to the Company for the contemplated exploration and development at the Company’s properties; the absence of unforeseen ground conditions or other geological challenges; the ability to continue current operations and exploration; regulatory framework and presence of laws and regulations that may impose restrictions on mining; errors in management’s geological modelling; the timing and ability of the Company to obtain and maintain required approvals and permits; the results of exploration activities; the availability of necessary equipment, supplies and infrastructure; risks relating to exploration, development and mining activities; the global economic climate; fluctuations in metal and commodity prices; fluctuations in the currency markets; dilution; environmental risks; and community, non-governmental and governmental actions and the impact of stakeholder actions. Readers are urged to consult the disclosure provided under the heading “Risk Factors” in the Company’s annual information form for the year ended December 31, 2025 as well as those risks and factors disclosed in the Company’s most recent financial statements and management’s discussion and analysis and other public filings filed under Osisko Gold’s issuer profile on SEDAR+ (www.sedarplus.ca) and on the SEC’s EDGAR website (www.sec.gov), for further information regarding the risks and other factors facing the Company, its business and operations. Although the Company believes the expectations conveyed by the forward-looking statements are reasonable based on information available as of the date hereof, no assurances can be given as to future results, levels of activity and achievements. The Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by law. Forward-looking statements are not guarantees of performance and there can be no assurance that these forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

Readers are cautioned that the foregoing list of assumptions, risks and uncertainties is not exhaustive. The forward-looking statements contained herein are made as of the date of this news release and, except as required by applicable law, the Company undertakes no obligation to update publicly or to revise any of the forward-looking statements, whether as a result of new information, future events or otherwise.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

TORONTO, Sept. 21, 2026 (GLOBE NEWSWIRE) — Lahontan Gold Corp. (TSXV:LG, OTCQB:LGCXF, FSE:Y2F) (the “Company” or “Lahontan”) is pleased to announce the mobilization of a track-mounted reverse-circulation (“RVC”) drill rig and crew to its West Santa Fe Project in Nevada’s prolific Walker Lane. The Foremost MPD-1500 track-mounted RVC drill rig will conduct approximately 3,500 metres of drilling in 20 holes focused on gold and silver resource definition and step-out targets. The track-mounted configuration will allow multiple holes to be completed from individual drill pads, helping to minimize surface disturbance. Lahontan’s maiden drilling campaign at West Santa Fe in December 2025 successfully reproduced high-grade gold and silver mineralization reported in historic drilling, including 36.6 metres grading 3.11 g/t AuEq (1.47 g/t Au and 140.1 g/t Ag) from surface in drill hole WSF25-04R. The entire interval is oxide mineralization (please see Lahontan’s February 24, 2026 press release).

Kimberly Ann, Lahontan Executive Chair, President, CEO, and Founder, commented: “Lahontan is excited to resume drilling at West Santa Fe following the success of our maiden drill campaign last December. Our geological team has been modeling the distribution and geometry of gold and silver mineralization throughout the West Santa Fe system, with particular emphasis on areas that were under-explored by previous operators. This work has identified numerous targets where additional drilling can both expand the known mineralized system and improve our understanding of its geometry. We expect results from this program later in 2026.”

West Santa Fe is located approximately 13 kilometres from Lahontan’s flagship Santa Fe Mine Project and represents an important component of the Company’s regional Walker Lane exploration strategy. Historic drilling at West Santa Fe established extensive gold and silver mineralization, while Lahontan’s 2025 drilling provided confirmation of high-grade oxide mineralization near surface.

The Company also announces that it has granted an aggregate of 3,000,000 options to purchase common shares of the Company exercisable at a price of Cdn$0.40 per common share for a period of five (5) years to officers and consultants of the Company. The options vest over an 18 month period; the common shares issuable upon exercise of the options are subject to a four-month hold period from the original date of grant.

About Lahontan Gold Corp.

Lahontan Gold Corp. is a Nevada-focused mine development company advancing a portfolio of four gold and silver projects in mining-friendly Nevada’s prolific Walker Lane. The Company’s primary focus is the restart of its flagship, the 28.3 km² Santa Fe Mine project, with a targeted return to production in 2027.

• Santa Fe Mine historic production: 359,202 ounces of gold and 702,067 ounces of silver, open pit mining with heap-leach processing (1988-1995; Nevada Bureau of Mines).
• Current Resources: The Santa Fe Mine has a NI 43-101 compliant Indicated Mineral Resource of 1,195,000 oz Au Eq (47,532,000 tonnes grading 0.72 g/t Au and 5.55 g/t Ag, together grading 0.78 g/t Au Eq) and an Inferred Mineral Resource of 1,190,000 oz Au Eq (60,605,000 tonnes grading 0.59 g/t Au and 2.40 g/t Ag, together grading 0.61 g/t Au Eq), all pit constrained (Au Eq is inclusive of recovery, please see Santa Fe Project Technical Report and note below*).
• Objectives 2026:
  • Complete an updated Preliminary Economic Assessment (“PEA”) for the Santa Fe Mine, including the first analysis of mining and processing sulfide resources,
  • Advancing mine permitting activities with the objective of commencing construction in 2027,
  • Continue drill testing the satellite West Santa Fe project, with a maiden resource estimate targeted by year-end,
  • Conduct exploration drilling at Santa Fe focused on expanding known gold and silver mineralization,
  • Drill test historic heap-leach pads to evaluate residual gold and silver mineralization for potential future reprocessing opportunities.

For more information, please visit our website: www.lahontangoldcorp.com

* Please see the “Updated Mineral Resource Estimate, NI 43-101 Technical Report, Santa Fe Project”, Authors: Michael S. Lindholm, C.P.G., and Thomas Dyer, PE; Effective Date: August 13, 2026, Report Date: Maximum 45 days from August 17, 2026. The Technical Report will be available on the Company’s website and SEDAR+. Mineral resources are reported using a cut-off grade of 0.10 g/t AuEq for oxide and transition resources and 0.30 g/t AuEq for non-oxide resources. AuEq for the purpose of cut-off grade and reporting the Mineral Resources is based on the following assumptions gold price of US$3,250/oz, silver price of US$40.00/oz, and oxide gold recoveries ranging from 60% to 79%, oxide silver recoveries ranging from 0% to 30%, transitional gold recoveries ranging from 28% to 45%, transitional silver recoveries ranging from 0 to 13%, and non-oxide gold and silver recoveries of 68% except for the York deposit where non-oxide recoveries are estimated to be 0%.

Qualified Person

Brian J. Maher, M.Sc., CPG-12342, is a “Qualified Person” as defined under Canadian National Instrument 43-101, Standards of Disclosure for Mineral Projects, and has reviewed and approved the content of this news release in respect of all technical disclosure other than the Mineral Resource Estimate as noted above.‎ Mr. Maher is Senior Vice President, Mine Development & Exploration for Lahontan Gold and has verified the data disclosed in this news release, including the sampling, ‎‎analytical and test data underlying the disclosure.

On behalf of the Board of Directors

Kimberly Ann

Founder, CEO, President, Executive Chair

FOR FURTHER INFORMATION, PLEASE CONTACT:

Lahontan Gold Corp.

Kimberly Ann

Founder, CEO, President, Executive Chair

Phone: 1-530-414-4400

Email: Kimberly.ann@lahontangoldcorp.com

Website: www.lahontangoldcorp.com

Cautionary Note Regarding Forward-Looking Statements:
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. Except for statements of historical fact, this news release contains certain “forward-looking information” within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur. Forward-looking statements are based on the opinions and estimates at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the TSXV. There are uncertainties inherent in forward-looking information, including factors beyond the Company’s control. The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company’s filings with Canadian securities regulators, which filings are available at www.sedar.com

XERI’s Building Materials Designed to Fight Mold, Water & Fire

DENVER, Sept. 21, 2026 (GLOBE NEWSWIRE) — (247marketnews.com) – America is preparing to spend an unprecedented amount on national defense. Yet a new Government Accountability Office report exposes a startling contradiction: while Washington is contemplating roughly $1.5 trillion in total defense funding for fiscal 2027, the U.S. military is carrying an estimated $285 billion backlog of deferred installation maintenance and Xeriant (OTCQB: XERI) may have the most unique solution.

According to the GAO’s August 2026 report, the Department of Defense maintains more than 700,000 facilities worldwide, but the military services are funding only about 80% of identified installation maintenance needs, below the department’s own 90% funding goal. The result is a backlog that has more than doubled from approximately $137 billion in fiscal 2020 to $285 billion in fiscal 2025.

The consequences are painfully tangible: deteriorating barracks, water damage, corrosion, HVAC failures, roof leaks and suspected mold.

At Naval Station Norfolk, for example, GAO investigators found barracks with suspected mold dating back to 2023. At another facility, investigators observed evidence of asbestos and significant water damage. At Naval Base Guam, corrosion and algae around an emergency-door lock raised concerns about whether the door would function when needed.

This is More than an Accounting Problem and Conventional Materials are Part of the Equation

The military has a maintenance problem and deferred maintenance inevitably creates a vicious cycle, because it’s also a readiness problem, a construction problem, and a quality-of-life problem.

A leaking roof damages walls. Water intrusion creates conditions favorable to mold. Damaged materials must be removed and replaced. Repairs consume scarce labor and budgets. Plus, if the underlying building materials remain vulnerable to water, mold, fire, insects or physical damage, the same problems can return.

That is where the emergence of advanced composite building materials becomes particularly interesting.

Xeriant’s NEXBOARD™ composite construction panel is manufactured from recovered plastic and cellulose-fiber waste and incorporates its proprietary fire-retardant technology. Third party testing confirms that it provides superior fire, water, mold and insect resistance while potentially replacing several conventional materials, including drywall, plywood, OSB and MDF, as it’s intended for applications including interior walls and ceilings, exterior sheathing and other construction uses.

If those properties translate successfully from testing and commercial production into large-scale military applications, the potential use case is obvious: build facilities with materials designed to be more resistant to some of the conditions that help create recurring maintenance problems in the first place.

Mold may be the headline, but water could be the bigger story

The GAO report’s examples illustrate how interconnected these problems are.

Water intrusion isn’t simply an aesthetic nuisance. It can contribute to deterioration, mold growth, damaged finishes, compromised building components and repeated repair requirements.

That makes Xeriant’s claimed water- and mold-resistant properties particularly relevant to the military infrastructure challenge.

The company announced in August that NEXBOARD achieved a perfect score of 10 in independent mold-resistance testing, according to its corporate disclosures. Xeriant has also announced that NEXBOARD achieved an ASTM E84 Class A fire rating and passed an NFPA 286 test.

One panel replacing multiple materials could matter

Perhaps the most intriguing part of Xeriant’s proposition is, in addition to NEXBOARD’s resistance characteristics, its wide spectrum application consolidation.

Military installations contain enormous numbers of buildings, and every additional material, component and installation process creates another potential maintenance requirement.

Xeriant has positioned NEXBOARD as a universal construction panel capable of replacing multiple traditional building products. Its stated goal is not simply to sell another wallboard, it is to create a composite platform that can potentially be deployed across walls, ceilings, roofing, flooring and other construction applications.

That could become especially attractive in military construction, where durability, speed of installation, weight, fire performance, moisture resistance and lifecycle costs can all matter.

The company has now announced the initiation of commercial production of NEXBOARD, moving the story beyond laboratory development toward actual manufacturing.

The Pentagon’s math is getting harder to ignore

The GAO’s numbers are the real wake-up call and the $285 billion maintenance backlog doesn’t disappear simply because Congress increases the overall defense budget.

In fact, the juxtaposition is remarkable.

The administration’s FY2027 budget request calls for approximately $1.5 trillion in total national-defense funding, according to the White House budget documents. Yet GAO says military installations are already carrying $285 billion in deferred maintenance.

That raises a blunt question: If America is prepared to spend trillions on national defense, shouldn’t some of that money be directed toward making the places where American service members live and work safer, healthier, more durable, and less expensive to maintain?

This isn’t an argument for throwing money at the problem and, long term, is the opposite.

The GAO report demonstrates that simply spending more isn’t enough. The military also needs better prioritization, better information, sufficient maintenance personnel and potentially better technologies and materials.

That’s where companies developing advanced construction materials could find an unusually large addressable opportunity.

The GAO has effectively identified a gigantic infrastructure problem: hundreds of billions of dollars in deferred maintenance across the military’s facility portfolio, with examples ranging from water damage and corrosion to suspected mold and inadequate facilities.

Xeriant has developed a building-material platform specifically emphasizing several properties that could be relevant to those challenges.

While that doesn’t guarantee military adoption, it does create a compelling question for defense contractors, military construction firms, government procurement officials and investors:

What if the answer to part of America’s military infrastructure problem isn’t simply spending more money on the same materials, but rebuilding with materials designed to last longer?

With a $285 billion backlog staring Congress in the face, that question deserves a serious look.

About 24/7 Market News

In today’s fast-moving markets, visibility is everything and 24/7 Market News (24/7) provides a powerful suite of investor relations and public relations solutions designed to elevate your company’s profile quickly and effectively. Whether you’re an established name seeking broader awareness, or a micro-cap looking to break out of obscurity, 24/7 delivers targeted, high-impact coverage through timely news distribution, analyst report placements, featured editorials, and multi-channel amplification across financial platforms, social media, and investor communities. Our services help cut through the noise, attract institutional interest, drive exposure, and build long-term shareholder credibility, all while maintaining full SEC compliance and transparency. For Analyst Report coverage, custom IR campaigns, press release syndication, or other tailored investor and public relations solutions, contact sales@247mnn.com to discuss how 24/7 can help accelerate your company’s visibility and valuation trajectory.

PAID EDITORIAL DISCLOSURE: This editorial communication intended for informational purposes only. 247 is a third-party media provider and the editor of this article holds a personal investment position in XERI. This ownership may be considered a potential conflict of interest. Readers are encouraged to conduct their own due diligence and consult with a qualified financial advisor before making any investment decisions. The editor may be compensated for providing future XERI market outreach and other services. This press release may include technical analysis and should not be construed as financial or investment advice. Trading stocks involves risks, and readers should consult with their financial advisor before making investment decisions. Please review 247’s Full Disclaimer www.247mnn.com/disclaimer/.

Important Editorial Note: 247 highlights companies approaching significant catalysts and inflection points. This report reflects information available at the time of publication. Since developments can occur rapidly, readers should independently verify current information and review all company filings and disclosures.

CONTACT:
24/7 Market News
Editor@247mnn.com

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements that are subject to various risks and uncertainties. Such statements include statements regarding the Company’s ability to grow its business and other statements that are not historical facts, including statements which may be accompanied by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. Actual results could differ materially from those described in these forward-looking statements due to a number of factors, including without limitation, the Company’s ability to continue as a going concern, general economic conditions, and other risk factors detailed in the Company’s filings with the SEC. The forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake any responsibility to update such forward-looking statements except in accordance with applicable law.