Sound Point Meridian Capital Inc. remains a Buy despite a -35% price drop and -23% total return since December 2024. SPMC trades at a -4.9% NAV discount and yields nearly 22% with a $0.25 monthly distribution declared through March 2026. 2025 saw CLO equity underperform due to market volatility, rising defaults, and sector-specific fears, but 2026 is expected to bring recovery.

Vancouver, British Columbia--(Newsfile Corp. - December 8, 2025) - South Pacific Metals Corp. (TSXV: SPMC) (FSE: 6J00) ("South Pacific Metals", "SPMC" or the "Company") is pleased to announce that it has closed its previously announced best-efforts private placement of units (the "Offering"), led by BMO Capital Markets, for gross proceeds of C$9,199,494. Each unit (a "Unit") consisted of one common share of the Company (a "Common Share") and one-half of one common share purchase warrant ("Warrant") of the Company.

Not for distribution to U.S. news wire services or dissemination in the United States. VANCOUVER, British Columbia, Nov. 25, 2025 (GLOBE NEWSWIRE) -- South Pacific Metals Corp. (TSXV: SPMC) (FSE: 6J00) (“South Pacific Metals”, “SPMC” or the “Company”) is pleased to announce that it has entered into an agreement with a syndicate of agents led by BMO Capital Markets to market on a best-efforts basis by way of a private placement, up to C$8 million of units (the “Offering”) consisting of one common share and one-half of one common share purchase warrant (“Warrant”) of the Company (a “Unit”), at an indicative price of C$0.54 per Unit (the “Issue Price”).

Sound Point Meridian Capital, Inc. (SPMC) came out with quarterly earnings of $0.54 per share, missing the Zacks Consensus Estimate of $0.56 per share. This compares to earnings of $0.86 per share a year ago.

Vancouver, British Columbia--(Newsfile Corp. - November 11, 2025) - South Pacific Metals Corp. (TSXV: SPMC) (OTCQB: SPMEF) (FSE: 6J00) ("SPMC" or the "Company") is pleased to announce receipt of multi-element rock chip assay results from samples of mineralized structures, at the Ontenu NE prospect within its Osena Project. The Project lies within a major NE-SW corridor known as the Kainantu Transfer Zone, which also hosts the large Kainantu Gold-Copper mine being mined by K92 Mining Ltd.

Vancouver, British Columbia--(Newsfile Corp. - October 30, 2025) - South Pacific Metals Corp. (TSXV: SPMC) (OTCQB: SPMEF) (FSE: 6J00) ("SPMC" or the "Company") is pleased to announce the commencement of its maiden drilling program at Ontenu Northeast prospect within its Osena project area, Papua New Guinea. The Project lies within a major NE-SW corridor known as the Kainantu Transfer Zone, which also hosts the large Kainantu Gold-Copper mine being mined by K92 Mining Ltd.

Vancouver, British Columbia--(Newsfile Corp. - October 14, 2025) - South Pacific Metals Corp. (TSXV: SPMC) (OTCQB: SPMEF) (FSE: 6J00) ("SPMC" or the "Company is pleased to announce the discovery of a new gold-copper mineralized zones at Golkona South, part of the Company's Anga Project in Papua New Guinea. The Anga Project lies immediately northeast of, and contiguous with, K92 Mining's tenements in the Kainantu District — a highly prospective gold-copper district in PNG.

Vancouver, British Columbia--(Newsfile Corp. - October 6, 2025) - South Pacific Metals Corp. (TSXV: SPMC) (OTCQB: SPMEF) (FSE: 6J00) ("SPMC" or the "Company") is pleased to announce rock chip assay results from more new discoveries of mineralized structures, at the Ontenu NE prospect within its Osena Project. The Project lies within a major NE-SW corridor known as the Kainantu Transfer Zone, which also hosts the large Kainantu Gold-Copper mine being mined by K92 Mining Ltd.

Vancouver, British Columbia--(Newsfile Corp. - September 17, 2025) - South Pacific Metals Corp. (TSXV: SPMC) (OTCQB: SPMEF) (FSE: 6J00) ("SPMC" or the "Company") is pleased to announce rock chip assay results from recently discovered mineralized zones, at surface, at the Ontenu NE prospect within its Osena Project. The Project lies within a major NE-SW corridor known as the Kainantu Transfer Zone, which also hosts the large Kainantu Gold-Copper mine being mined by K92 Mining Ltd.

Vancouver, British Columbia--(Newsfile Corp. - September 16, 2025) - South Pacific Metals Corp. (TSXV: SPMC) (OTCQB: SPMEF) (FSE: 6J00) ("SPMC" or the "Company") reports that the National Court Justice of Papua New Guinea ("National Court") has has upheld the interim injunction previously obtained by SPMC's wholly-owned subsidiary, Kainantu Resources Limited ("KRL"), in its proceedings against K92 Mining Limited ("K92 Mining") and the Mineral Resources Authority ("MRA") in relation to Exploration Licence EL2558. Scope of the Injunction The injunction restrains K92 Mining and the MRA from actions that interfere with KRL's exclusive rights over EL2558, including: Restraining K92 Mining from entering into or interfering with the EL2558 licence area, including conducting sterilization drilling or undertaking infrastructure development (such as the proposed tailings storage facility or solar farm).