Group 1 - The company, Irving Resources Inc., has provided an update on assay results from drill hole 25SY-002A, completion of grid soil line sampling programs across the Yamagano project, and proposed drilling activities for 2026 [1] - Drill hole 25SY-002A was completed at Yamagano East, reaching a depth of 951.8 meters with an azimuth of 357° and an inclination of 66° [1]

Core Insights - 2025 has been a transformative year for Defense Metals Corp, focusing on advancing the Wicheeda Rare Earth Project and strengthening its leadership and financial position in response to increasing global demand for secure rare earth supply [2][8] Leadership and Governance - The company enhanced its leadership and governance framework, with Mark Tory formally becoming President and CEO, and further strengthening the Board and senior management team to support the next phase of development [3] Project Development - A major milestone was the completion of the Pre-Feasibility Study (PFS) for the Wicheeda Project, confirming it as the only undeveloped rare earth project in North America and Europe with proven mineral reserves, highlighting its strategic importance [4] - Preparatory work has commenced to advance toward a Definitive Feasibility Study (DFS), targeted to begin in early 2026 [4] Financial Position - Defense Metals completed multiple private placement financings, including an oversubscribed C$16.2 million financing, which strengthened the balance sheet and provided funding for metallurgical optimization and engineering studies [5] - Insider participation in these financings was significant, with directors and senior officers investing alongside institutional shareholders, reflecting strong confidence in the company's strategy [6] Stakeholder Engagement - The company advanced engagement with Indigenous partners and government stakeholders, receiving ongoing support from the McLeod Lake Indian Band and constructive dialogue with federal and provincial authorities [7] - A Letter of Interest from Export Development Canada (EDC) regarding potential project financing of up to US$250 million was received, subject to customary conditions [7] Future Outlook - Looking ahead to 2026, Defense Metals is well positioned to advance the Wicheeda Project, pursue strategic partnerships and offtake opportunities, and continue disciplined capital management [8]

Core Insights - TikTok and its parent company ByteDance have established agreements with Oracle, Silver Lake, and MGX to create a new U.S. joint venture, ensuring the app's continued operation in the United States [1] - The transaction is expected to close on January 22, as stated by TikTok CEO Shou Zi Chew [2] Joint Venture Structure - The U.S. joint venture will be majority owned by American investors, governed by a seven-member board of directors, and will include provisions to protect American data and national security [3] - A consortium of new investors will hold 50% of the joint venture, with Oracle, Silver Lake, and MGX each holding 15%, while existing ByteDance affiliates will hold 30.1%, and ByteDance will retain 19.9% [4] Data Protection and Operations - The joint venture will manage data protection, algorithm security, content moderation, and software assurance, with U.S. user data stored in the U.S. by Oracle [5] - TikTok Global's U.S. entities will oversee global product interoperability, eCommerce, advertising, marketing, and other commercial activities [5] User Experience and Legislative Context - The joint venture aims to ensure that over 170 million Americans can continue using the platform without changes to their experience, while advertisers can still reach global audiences [6] - A law signed by former President Joe Biden in April 2024 mandated that TikTok would be banned unless ByteDance divested its stake within a year [6] - The law faced legal challenges and delays, particularly after the election of Trump, as various potential buyers sought to finalize a deal [7] - Trump's executive order in September deemed the joint venture framework a "qualified divestiture" that would address national security concerns [8]

Core Insights - LaSalle Investment Management has closed a $230 million expansion of its joint venture with UDR, Inc., increasing the total size of the joint venture to approximately $850 million [1][4] Group 1: Joint Venture Expansion - The expansion adds four apartment communities totaling 974 homes to the joint venture's portfolio, which now comprises 2,564 homes [2] - The newly contributed properties are located in Portland, Orlando, and Richmond, with an average vintage of 1985, broadening the venture's geographic reach [2] Group 2: Management Statements - LaSalle's Global Portfolio Manager, Stuart Sziklas, expressed satisfaction with the collaboration and highlighted UDR's value through its high-quality operating platform and commitment to innovation [3] - UDR's Chairman, CEO, and President, Tom Toomey, noted that the new apartment communities enhance geographic diversification and provide current returns to LaSalle [4] Group 3: Company Background - LaSalle Investment Management manages $88.5 billion in assets globally as of Q2 2025, serving a diverse client base including pension funds, insurance companies, and private individuals [5] - UDR, Inc. owns or has an ownership position in 60,535 apartment homes, including 300 under development, and has a history of delivering long-term value to shareholders [7]

Core Insights - Denison Mines Corp. has successfully closed a deal with Skyharbour Resources Ltd. to establish four joint ventures related to the Russell Lake Uranium Project, enhancing its regional presence [2][3]. Group 1: Deal Details - The agreement, valued at $18 million, allows Denison Mines to acquire shares in the Russell property, which is now segmented into four joint ventures [3][7]. - Denison Mines holds varying interests in the joint ventures: 20% in Russell Lake, 30% in Getty East, 49% in Wheeler North, and 70% in Wheeler River Inliers [3][4]. - Denison will operate the Wheeler North and Wheeler River Inliers joint ventures, while Skyharbour will manage the Russell Lake and Getty East joint ventures [4][7]. Group 2: Strategic Implications - The joint ventures leverage the combined exploration expertise of both companies, supporting Denison Mines' long-term growth and exploration strategies [5]. - Denison Mines has options to increase its ownership in Wheeler North and Getty East joint ventures up to 70%, allowing for disciplined capital deployment based on exploration results [5][4]. Group 3: Market Performance - Denison Mines' share price has increased by 29.8% over the past year, compared to the industry's growth of 34.1% [6].

Core Insights - Lockheed Martin's Skunk Works and XTEND have integrated the XTEND Operating System (XOS) into the MDCX autonomy platform, enhancing Command and Control (C2) capabilities for multi-class drones, which improves situational awareness in joint all-domain C2 (JADC2) scenarios [1][5]. Group 1: Technology Integration - The collaboration resulted in a demonstration of a Multi-Class MDCX (MC-MDCX) workstation, showcasing a larger UAS delivering a smaller class 1 drone for close-in missions [2]. - The integration allows a single operator to manage both larger and smaller UAS missions simultaneously, eliminating the need for mission handoffs to lower-tiered operators [3]. Group 2: Operational Efficiency - The demonstration highlighted a reduction in total manpower required for complex mission executions, thereby enhancing situational awareness across the mission space [4]. - XTEND's solutions enable operations even in GPS-denied environments or when radio frequency datalinks are jammed, improving operational effectiveness and reducing training time for new operators [5]. Group 3: Strategic Focus - Lockheed Martin Skunk Works is committed to optimizing operational flexibility and improving pilot safety through the integration of piloted and drone teaming technologies [6]. - Both companies are focused on applying these advancements to JADC2 missions and decision-making processes for autonomous systems [5].

Core Viewpoint - Cosa Resources Corp. has received approval for exploration plans at its Darby and Murphy Lake North projects, which are joint ventures with Denison Mines, positioning the company favorably for the 2026 exploration season [1][2]. Exploration Plans - The exploration for 2026 will include four drilling campaigns at both Darby and MLN, along with property-scale geophysical surveying at MLN [3]. - Winter drilling at Darby will focus on areas near historical drill holes that suggest proximity to uranium mineralization, particularly zones of sandstone alteration and anomalous geochemistry [4]. - At MLN, winter drilling will target the Cyclone trend, where previous drilling revealed significant structural alteration associated with graphitic basement faulting [5]. Geophysical Surveying - A DC resistivity survey is planned for MLN to identify zones of anomalous resistivity in sandstone, which may indicate hydrothermal alteration or faulting [6]. Timeline - Field crews are expected to mobilize early in 2026, with drilling at Darby starting in late January and concluding in late March at MLN. The DC-resistivity surveying at MLN is scheduled to begin in April [7]. Project Details - The Darby project is located 10 kilometers west of Cameco's Cigar Lake Mine and has multiple prospective conductive trends with historical weak uranium mineralization [8]. - The Murphy Lake North project is situated 2.7 kilometers east of the Hurricane deposit, which is known for its high-grade uranium resources. The project includes the Hurricane trend and the Cyclone trend, both of which have shown promising results in previous drilling [9]. Company Background - Cosa Resources is a Canadian uranium exploration company with a portfolio of approximately 237,000 hectares in the Athabasca Basin, focusing on underexplored projects [15]. - The company has a strategic collaboration with Denison Mines, which enhances its access to additional prospective uranium exploration projects [16]. - Cosa's management team has a successful track record in uranium exploration, including the discovery of the Hurricane deposit [17].

Core Insights - Canada Pension Plan Investment Board (CPP Investments), Dream Industrial Real Estate Investment Trust, and Dream Asset Management Corporation have formed a joint venture to acquire last-mile industrial properties in major Canadian markets [1] Investment Details - The joint venture has allocated a total of $1.1 billion in equity capital for this initiative [1] - CPP Investments is contributing $1.0 billion, which represents 90% of the total equity capital [1]

Core Viewpoint - Denison Mines Corp. has successfully closed a transaction with Skyharbour Resources Ltd., resulting in the formation of four joint ventures focused on uranium exploration adjacent to Denison's Wheeler River Project [1][2]. Group 1: Transaction Details - The transaction involves the establishment of four joint ventures, including claims from Skyharbour's Russell Lake Uranium Project, located next to Denison's Wheeler River Project [1][2]. - Denison will operate the Wheeler North and Wheeler River Inliers joint ventures, holding ownership interests of 49% and 70% respectively, while Skyharbour will operate the Russell Lake and Getty East joint ventures with Denison holding 20% and 30% interests respectively [2]. Group 2: Ownership and Options - Denison and Skyharbour have entered into Earn-In Option Agreements, allowing Denison to increase its ownership in the Wheeler North and Getty East joint ventures up to 70% [3]. - Denison holds a 95% effective interest in its flagship Wheeler River Uranium Project, which is the largest undeveloped uranium project in the eastern portion of the Athabasca Basin [4]. Group 3: Project Developments - In mid-2023, Denison completed a feasibility study for the Phoenix deposit as an ISR mining operation and updated the Pre-Feasibility Study for the Gryphon deposit as a conventional underground mining operation, both showing potential to be competitive with the lowest cost uranium mining operations globally [5]. - Permitting for the Phoenix ISR operation began in 2019 and is nearing completion, with the project's Environmental Assessment approved in July 2025 and the Canadian Nuclear Safety Commission Public Hearing concluding in December 2025 [5]. Group 4: Additional Interests - Denison has a 22.5% ownership interest in the McClean Lake Joint Venture, which includes unmined uranium deposits and a uranium mill processing ore from the Cigar Lake mine [6]. - The company also holds interests in various uranium project joint ventures through its 50% ownership of JCU (Canada) Exploration Company, including the Millennium, Kiggavik, and Christie Lake projects [7]. Group 5: Skyharbour Overview - Skyharbour holds a portfolio of uranium exploration projects in the Athabasca Basin, covering over 616,000 hectares, and has acquired a 100% interest in the Moore Uranium Project, located near Denison's Wheeler River project [9]. - The Russell Lake Uranium Project, adjacent to the Moore Project, hosts widespread uranium mineralization with exploration potential [9].

Core Insights - Sealing Technologies (SealingTech), a subsidiary of Parsons Corporation, received a contract modification from the Department of War's Defense Innovation Unit for the Joint Cyber Hunt Kit (JCHK) prototype, aimed at enhancing defensive cyber operations for the U.S. Cyber Command and the UK's Joint Defensive Cyber Unit [1][2]. Group 1: Contract and Collaboration - The contract modification includes accreditation, training, testing, and additional procurement of the JCHK prototype [1]. - SealingTech has been a trusted partner for the U.S. Department of War for over a decade, deploying more than 500 Cyber Fly-Away Kits to support critical national security missions [2]. Group 2: Strategic Importance - The JCHK solution is considered a critical component in enhancing interoperability, streamlining training, and improving operational effectiveness across the military force [2]. - SealingTech emphasizes its commitment to innovation in the cyber domain, aiming to provide mission-ready solutions that set standards for success [2]. Group 3: Company Background - SealingTech specializes in edge computing hardware and cybersecurity solutions, serving both federal government and private enterprises [4]. - The company is veteran-founded and leverages extensive cyberspace experience to deliver advanced research, engineering, and integration services [4].