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Ryan Routh trial begins after jury seated in Trump assassination attempt case

The federal trial of Ryan Routh, the accused would-be assassin of President Donald Trump at his West Palm Beach golf club last year, is scheduled to begin Thursday. 

After several rounds of jury selection that began Monday, a panel of 12 jurors — along with four alternates — were seated Wednesday. The group includes six White women, four White men, one Black woman and one Black man. The alternates consist of two White women and two White men.

Opening arguments are scheduled for Thursday at the federal courthouse in Fort Pierce, Florida, where prosecutors are expected to move swiftly into presenting their case.

Roughly 180 people were summoned for jury duty in three waves of 60. Both prosecutors and Routh, who has declined public defense and has chosen to self-represent, questioned candidates to determine whether they could serve impartially.

Routh peppered prospective jurors with offbeat questions, asking about Ukraine, the war in Gaza and even what they would do if a turtle crossed the road while they were driving.

The most recent high-profile federal defendant to represent themselves was Dylann Storm Roof, the mass murderer responsible for the 2015 Charleston, South Carolina, church shooting. Roof briefly represented himself in the federal death penalty phase of his trial in 2016. He requested to proceed pro se and was allowed to do so for part of the proceedings before ultimately reverting to court-appointed counsel.

By the end of Tuesday, the court had already dismissed more than 70 of the initial 180 prospective jurors, many citing strong opinions about Trump, connections to law enforcement or concerns about impartiality in a highly politicized case. 

Routh has pleaded not guilty to federal charges of attempting to assassinate a major presidential candidate and assaulting a federal officer. Prosecutors say he was armed with an AK-style rifle when Secret Service agents stopped him near Trump’s golf course in West Palm Beach in September 2024. The attempt came just months after Trump was shot and narrowly survived an assassination attempt in Butler, Pa.

The trial is expected to last two to four weeks with Trump-appointed Judge Aileen Cannon at the helm of the trial.

Fox News Digital’s Diana Stancy contributed to this report.

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EXCLUSIVE: House GOP report alleges $20B green grants enriched Biden allies

Republicans from the House Oversight Committee released a report outlining what they allege are conflicts of interest, financial mismanagement and oversight failures associated with a Biden-era green energy grant program that sent $20 billion to just 8 different nonprofits.

The money stems from the Inflation Reduction Act of 2022, which budgeted roughly $27 billion to advance clean energy and ‘environmental justice’ under the Greenhouse Gas Reduction Fund (GGRF). An undercover recording of a former Biden Environmental Protection Agency (EPA) political appointee, who described disbursements made through GGRF as akin to tossing gold bars off the Titanic at the end of Biden’s term, was cited by EPA Administrator Lee Zeldin in February when he announced that the agency would be looking into the matter. Republicans are currently trying to claw back the funds, which they claim were rushed out the door at the end of the Biden administration with little oversight and steered toward Democratic allies. 

‘Today’s report from the House Oversight Committee exposes the Biden administration’s sweeping green energy scheme, designed to funnel tens of billions in taxpayer dollars to enrich Democratic allies and fund partisan, politically motivated projects,’ House Republican Oversight Chairman James Comer told Fox News Digital. ‘Americans deserve better than this green energy scam disguised as environmental justice, and Oversight Republicans will continue to hold the Biden administration accountable to ensure the EPA operates as intended and that taxpayer dollars are spent transparently, responsibly, and in the best interest of the American people.’

The EPA terminated most of these grants after the Trump administration took office, but the move was met with legal pushback from Democrats. However, last week, a federal appeals court judge struck down a lower court’s ruling that blocked the Trump administration’s move to freeze the funds, arguing the administration was acting in accordance with its role to provide ‘proper oversight’ of how funds are distributed.

The EPA has referred the matter to the agency’s inspector general. The Justice Department and Federal Bureau of Investigation are also running concurrent investigations, the EPA has indicated. However, up to this point, no criminal wrongdoing has been uncovered.   

Oversight and Investigations Subcommittee Ranking Member Rep. Yvette Clarke, D-N.Y., declined to comment on the matter. Additionally, several other top ranking Democrats, including the ranking member on the House Oversight Committee, Rep. Robert Garcia, D-Calif., did not respond to requests for comment.

However, in an Aug. 11 letter to Zeldin signed by several ranking Democrats, including Clarke, they accused Zeldin of ‘lying’ about the Inflation Reduction Act funding. 

‘Time and again, you have boasted about the unlawful activities EPA is conducting under your leadership without any credible evidence to justify your actions,’ the letter stated.

While there may not be any criminal wrongdoing alleged thus far, the picture painted by the investigation by House Oversight Republicans shows the Biden administration ‘turned the Environmental Protection Agency into a vehicle for rewarding political allies, all while risking the stability of our energy infrastructure,’ according to Comer.

‘Today’s report from the House Oversight Committee exposes the Biden administration’s sweeping green energy scheme, designed to funnel tens of billions in taxpayer dollars to enrich Democratic allies and fund partisan, politically motivated projects,’ Comer added.

The report released by Oversight Republicans details how committee staff reviewed ‘tens of thousands’ of documents produced by the GGRF awardees in question. The documents also included EPA materials for reviewing and awarding the GGRF funds, among other records.

The report shows how the EPA judged the applicants using a scoring system that awarded points for different parts of the nonprofits’ proposals. For example, flawless ‘financial risk management’ awarded a total of 85 points, while flawless ‘legal and compliance risk management’ could provide an applicant up to 40 possible points. Meanwhile, the EPA weighted ‘equity and environmental justice’ the same way it did ‘financial statements’ and more than it weighted good ‘governance’ or ‘legal and compliance risk management,’ among other categories. 

‘By doing so, the EPA all but ensured that the grants would go to President Biden’s political allies. All awardees of the GGRF had ‘climate equity’ or diversity, equity, and inclusion (DEI) policies in place or committed to putting equivalent policies in place,’ the House Oversight report argues. ‘EPA criticized multiple applicants because their targeted reductions in emissions were too low. In other cases, the EPA staff complained that there was not enough ‘environmental justice’ expertise represented in leadership or on the boards of the nonprofits. The Biden EPA insisted on climate equity metrics over merit.’

 

After receiving their scores, the program provided a ‘reconciliation process’ for EPA staff to discuss their assessments and adjust their scores, according to the Oversight report. The ultimate decision was then passed to a single ‘selection official’ who made the final determination.

The report also claims that the disbursement review process was ‘full of contradictions.’ It says documents showed EPA officials had concerns about the groups receiving the funds related to overly optimistic projections for financial benefits or emissions reductions, lack of access to private capital, high uninsured cash balances, and lack of transparency. Simultaneously, in other documents, the EPA justified the GGRF recipients as entities ‘with track records, staff, risk management policies, and other programmatic capabilities,’ according to the House Oversight report.

One of the groups under scrutiny, Climate United Fund, was established for the purpose of utilizing the GGRF, according to the Oversight report. The report points to claims from EPA staff indicating the group is ‘a new-entity purpose built for the execution of our program plan and does not have a robust reporting history.’

Climate United, reported just $95,557 in assets for fiscal year 2023 but received $6.97 billion from the EPA, representing a 7,293,980% increase in reported assets since 2023, the Oversight report points out.

Other groups also saw similarly significant increases.

Power Forward Communities received $2 billion as part of the GGRF disbursements. The group, not established until after the Biden administration announced the GGRF application process, reported just $100 in assets in its first and only tax filing – meaning that following the $2 billion GGRF award, the entities’ assets increased 2,000,000,000%, according to the House Oversight report.

‘These tired allegations distract from the fact that EPA’s illegal funding freeze will drive up energy costs for hardworking Americans across the country. When household bills are skyrocketing, Congress should be focused on deploying cheap, clean energy technologies rather than resurfacing false claims,’ Brooke Durham, a spokesperson for Climate United told Fox News Digital when reached for comment. ‘Climate United welcomes the opportunity to explain our work and the benefits of the NCIF program to Congress, federal agencies, and to the public.’

The spokesperson also noted that while the Climate United coalition – which is made up of three separate organizations – is new, the organizations that make it up are not.

‘The organizations that make up Climate United have been investing in communities for over 30 years, and are experts in the capital markets who have collectively managed more than $30 billion in institutional and public funds,’ Durham said. She added that the group was proud to tout a 946.5 point evaluation score by the EPA out of a possible 1050 points, which Durham noted was among the highest of all the awardees.

Power Forward declined to comment. However, the group’s CEO, Tim Mayopolous told CBS News last month that the GGRF award process ‘was a highly structured, competitive process that the United States government went through.’

‘The organizations that are part of our coalition that actually do this work – they have been around collectively for nearly a century, and they have invested or disbursed over $100 billion of capital into communities all over America over those years,’ Mayopolous added. ‘We’re not inexperienced people.’    

Climate United, along with some of the other groups in question, are also under fire for allegedly inflating their executives’ salaries and travel benefits in proposed budgets. The CEO’s salary at Climate United was slated to be over $500,000, and at Power Forward $800,000, with an increase to over $900,00 in a year. One group produced a budget that paid its executive staff of seven employees a total of $24,862,419 over three years, according to the report.

Meanwhile, conflicts of interest, which Zeldin has described as ‘blatant,’ were also laid bare in the report. The director of the GGRF selected by the Biden White House was a former policy director at the group that wanted to pay their executive staffers close to a combined $25 million over three years, according to the report. The report says the director had to recuse himself from the award process because of the conflict.   

At Climate United, the group currently staffs a former Biden climate advisor who worked during the last two years of the former president’s term. Their board makeup while pursuing the GGRF award also had ties to the Obama administration. However, Durham contested the implication that there were conflicts of interest, telling Fox News Digital that no staff or board members at Climate United helped with the design of the program, or the selection of the award recipients.

Power Forward’s GGRF application process was also accused of being led by Democrat allies in the Republican Oversight report. Power Forward was founded by executives at nonprofit Rewiring America, co-founded by top Obama administration advisors, the report states. It also claims that Power Forward had planned on awarding Rewiring America with nearly $500,000,000.

‘The nonprofits receiving awards are littered with connections to Biden Administration staff and allies. The executives and board members at some of the GGRF’s awardees even helped write the policies that created the GGRF and are now benefitting from exorbitant salaries provided by taxpayers,’ the House Oversight report states. 

‘The GGRF was a huge step for the Left in realizing the Green New Deal. The program is a National Green Bank that will flood the economy with billions in taxpayer dollars to fund partisan projects regardless of whether they merit investment or not.’

This post appeared first on FOX NEWS

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Country artist shares why he’s throwing his star power into race to replace top Republican

Country artist John Rich is ‘rollin’’ into Tennessee’s upcoming special election with his own endorsement in what’s shaping up to be a crowded GOP primary race.

Rich, who makes up half of the iconic duo Big & Rich, is campaigning alongside his longtime friend, state Rep. Jody Barrett, as he runs to replace former Homeland Security Committee Chair Mark Green in Tennessee’s 7th Congressional District.

‘I’ve known Jody, believe this or not, since we were seniors in high school together. We actually graduated the same high school,’ Rich told Fox News Digital in an interview.

‘We kept in touch, stayed good friends. But in the past four or five years, Jody has been a state rep in Tennessee. And so issues that were happening in Tennessee, Jody and I would join forces, him kind of on the inside of the political world and me standing on the outside with a really big platform and big audience. And we would work together, hand in hand, arm in arm, to make things happen.’

Barrett is one of 10 Republicans running to replace Green in the Oct. 7 primary.

The general election is scheduled for Dec. 2. But in the deep-red 7th District, which President Donald Trump won by more than 20 points in 2024, it’s likely the winner of the GOP primary will come out on top.

Barrett, along with state Rep. Gino Bulso, state Rep. Lee Reeves, and former Tennessee General Services Commissioner Matt Van Epps, were the only Republicans invited to debate their candidacy earlier this week by Americans for Prosperity Tennessee, according to Tennessee Lookout.

Rich told Fox News Digital that in addition to appearing alongside Barrett at campaign events, he’s also promoted the conservative House hopeful to Trump himself.

‘I’ve actually texted the president a couple of times about Jody. I said, ‘You’re going to want this guy in Congress. I mean, this is one of your guys.’ And so I’m hoping President Trump, maybe he weighs in on this race,’ Rich said.

He added, however, that it’s possible Trump stays away from endorsing until after the primary is over.

Barrett has supported Trump on a broad range of issues, though he notably broke from the president’s COVID-19 vaccine initiative, called Operation Warp Speed, during the Monday night debate.

‘We have millions of Americans now who are vaccine injured, dealing with the results of this vaccine mandate,’ Barrett said at the time.

Nevertheless, Rich said Barrett has connected with Republicans in Tennessee, and he praised him for occasionally challenging establishment GOP aims and decisions in the state.

‘What I love about real conservatives is we will call out people in our own party if we think they’re making a mistake, if they’re on the wrong path,’ Rich said. ‘Whereas on the left, they just fall in line and do whatever they’re told every single time. Jody has proven that he will stand up for what his people want.’

He said at another point in the interview, ‘He’s legit. I mean, we start talking about what’s a conservative look like? It’s this guy. And again, when you’ve known somebody since you were 17, and now you’re in your early 50s, and they’re the same guy, that’s pretty rare.’

Barrett has also been endorsed by the House Freedom Fund, the political arm of the House Freedom Caucus.

‘Jody Barrett’s strong conservative record of leadership, not only standing up to Democrats, but also his own party when the RINOs get out of line, is exactly what House Freedom Fund looks for in a candidate,’ Allison Weisenberger of the House Freedom Fund told Fox News Digital.

Barrett himself told Fox News Digital he was ‘honored’ to have Rich’s endorsement.

‘John Rich is my lifelong friend, a proud Tennessean, a country music legend and one of President Trump’s strongest supporters in our state. Having his endorsement means a lot, because he has never been afraid to speak the truth and stand up for conservative values,’ Barrett said. 

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Pastor recalls last moments with Charlie Kirk: ‘American martyr’

Pastor Jack Hibbs, a close friend of Charlie Kirk, told Fox News Digital he was in disbelief when he heard the conservative firebrand had been assassinated after having spoken to him just hours earlier.

‘My initial thoughts, of course, like everyone else, is what is going on in our country?’ Hibbs said. ‘But then quickly, I think my second thought, which is the prevailing thought, is Charlie was obviously a young man of not only profound intellect, he had a great faith in Jesus.’

Kirk, 31, was shot and killed Wednesday at the kickoff of his ‘American Comeback Tour’ at Utah Valley University. He leaves behind his wife, Erika, and two young children, ages 1 and 3.

Hibbs, pastor of Calvary Chapel Chino Hills in Southern California, said Kirk had ‘a love for the Bible’ and the pair ‘spent the last several years going through the Scriptures together.’

Kirk’s assassination made him an ‘American martyr’ that will encourage an entire generation of ‘untold Charlies who will follow in his footsteps,’ he said. 

Hibbs and Kirk have collaborated over the last five years on their podcast shows and culture events. Kirk was invited several times over the years to speak at Hibbs’ church, born out of the Jesus People movement, on topics ranging from gender identity, abortion and school choice to biblical prophecy. 

Just hours before Kirk kicked off his American Comeback Tour, where he planned to travel across the U.S. to college campuses and invite liberal students to debate and ask him questions publicly, Hibbs reached out asking if he could get his brother entry into the Utah event.

‘Charlie was so kind and generous to let this stranger have a front row seat,’ Hibbs said. ‘And I know that that was Charlie loving on me by loving on my brother. And that’s just who he was, extremely, extremely generous.’

‘My brother sent me pictures of him and Charlie, standing together before the event started and everything looked great,’ Hibbs said. ‘And then my brother called me immediately during the shooting, I could hear people screaming and running, and my brother was about 25 to 35 feet away from Charlie.’

Hibbs urged Kirk’s supporters to remember his killing was ‘not the end of Charlie,’ because he had immense faith. 

‘This just galvanized an entire generation of not only those who follow Charlie, but those who criticized him. They watched a young man lay down his life for his cause,’ Hibbs said. ‘And I do believe that the result of today is going to backfire on anyone who had nefarious plots to silence Charlie.’

One of the last appearances of Kirk at Hibbs’ church was in March, an event titled, ‘A Christian or Pagan Nation.’

‘What a lot of people don’t realize is they see the Charlie Kirk, so to speak, in his armor, right on stage or on the university campus, but Charlie was a very tender-hearted young man, very, very empathetic,’ Hibbs said.

Kirk rose to prominence during the 2016 election cycle, emerging as one of the most influential voices in the MAGA movement and cultivating a close relationship with the Trump family. As the founder of Turning Point USA (TPUSA), he built a nationwide platform that amplified the voices of young conservatives and brought them into the political arena.

Through large-scale TPUSA events, Kirk positioned himself as a bridge between lawmakers and grassroots youth activists, creating direct connections between the political establishment and a new generation of conservative leaders. His efforts extended to specialized gatherings such as the Black Leadership Summit, where young participants were even invited to the White House during President Donald Trump’s first term, offering them a rare opportunity to engage face-to-face with the president.

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Ryan Routh chastised during opening statements in federal trial for ‘making a mockery’ of the court

Below are live updates from inside the federal trial of Ryan Routh, accused of attempting to assassinate President Donald Trump in September 2024 at his West Palm Beach golf club. The proceedings are closed to electronics and not televised, with Fox News reporters providing firsthand accounts from the Federal Courthouse in Fort Pierce, Florida.

Secret Service agent describes ‘textbook ambush’ — 11:52 a.m. ET

The government’s first witness, Special Agent Robert Fercano, testified Thursday that Ryan Routh aimed a rifle directly at his face while lying in wait at Trump International Golf Course in West Palm Beach on Sept. 15, 2024.

Fercano, now with Homeland Security Investigations – but at the time a Secret Service agent – said he was scanning the sixth hole while Trump played the fifth when he noticed ‘several abnormalities on the fence line.’

‘There appeared to be a face, a barrel of a weapon and what I perceived to be plates, like Humvee plates like I saw in the Marine Corps,’ he told Department of Justice prosecutor Maria Medetis Long.

Fercano said he tried to make contact: ‘Hey sir,’ he called out. Moments later, he noticed the rifle barrel starting to move, heard ‘what sounded like a groan,’ and saw the man smile, he testified.

At first, Fercano said, he thought it could be a homeless person. But Fercano claimed the barrel followed his movement and he saw plates hanging from the fence that looked like makeshift bulletproof shielding.

‘This appeared to be a textbook ambush scenario,’ Fercano testified, saying he drew his weapon and fired as he walked backward.

Jurors also heard Fercano’s frantic radio calls:

‘Mogul on 5 green,’ at 1:24 p.m., alerting colleagues Trump was on the fifth hole.

Just 11 seconds later: ‘Shots fired, shots fired, shots fired.’

‘Be advised it looked like an AK-47 style rifle pointed through the fence.’

Prosecutors then presented the Chinese-made SKS rifle they say Routh used. Wearing black gloves, Fercano demonstrated for the jury how 1–2 inches of the barrel protruded through the fence that day.

Representing himself, Ryan Routh spent about 15 minutes questioning Special Agent Robert Fercano before the court broke for lunch.

Routh began with an unusual opener: ‘Good to see ya. First question, is it good to be alive?’

‘Yes, it is good to be alive,’ Fercano replied.

Routh followed up: ‘I’m sure your family is happy you’re alive and well?’ Prosecutors objected, and the agent did not answer.

Throughout the exchange, Fercano repeatedly identified Routh as the man he saw that day. ‘I saw you in the bushes… you smiled at me,’ he said. Routh did not dispute the identification.

Routh asked why Fercano moved off the golf cart path and onto a service path. Fercano said he was ‘thinking like a criminal’ and noticed Routh along the fence line.

When Routh asked if a tree limb blocked his view, Fercano said, ‘The path was unobstructed.’

Pressed on whether the suspect was concealed, Fercano answered: ‘Yes, you were concealed.’

Routh asked, ‘You happened to see the individual driving by?’ Fercano replied, ‘There was no individual driving by.’

In a final series of questions, Routh pressed Fercano about sniper tactics: ‘As far as being a sniper, what would be the best stance to shoot people? Standing, crouching, laying down?’

Fercano responded: ‘I wasn’t a sniper… it depends.’

Court recessed for lunch until 1:05 p.m., when prosecutors will decide whether to follow up with additional questions for Fercano.

Routh delivers rambling opening statement — 11:23 a.m. ET

Ryan Routh, representing himself in his federal trial where he is accused of attempting to assassinate Trump last year, spoke to jurors for just seven minutes before Judge Aileen Cannon cut off his opening statement, saying it had ‘absolutely nothing to do with this case.’

Routh began by apologizing to the jury: ‘Sorry to take your time and disrupt your lives…I’m so sorry.’ He then launched into a meandering monologue, citing everything from prehistoric human history to world leaders.

‘What is intent?… Why are we here? What is our intent? To love one another… Is this so difficult?’ Routh asked. He went on to reference Adolf Hitler, Vladimir Putin, Sudan’s civil war, and Israeli Prime Minister Benjamin Netanyahu.

After four minutes, Judge Cannon interrupted, dismissed the jury, and warned Routh his remarks ‘go beyond any relevance in the case.’ When he returned to similar themes, she stopped him again.

‘We have limited patience, and you don’t have unlimited license to go forward and make a mockery of the dignity of this courtroom,’ Cannon told him.

When the jury came back in, Routh grew emotional, choking up as he invoked Henry Ford and the Wright brothers, before saying: ‘This case means absolutely nothing. A life has been lived to the fullest.’

At that point, Cannon ended his opening remarks and allowed prosecutors to call their first witness.

Trial begins with prosecution’s opening arguments — 10:15 a.m. ET

Federal prosecutors opened their case against Routh on Thursday, telling jurors he came ‘within seconds’ of assassinating Trump during a round of golf in West Palm Beach last year.

Assistant U.S. Attorney John Shipley read Routh’s own words to the jury — ‘Trump cannot be elected’ and ‘I need Trump to go away’ — before laying out what he described as a ‘deadly serious’ plan to kill a major presidential candidate.

Shipley said Routh traveled from Hawaii to the mainland with a Chinese military-grade assault rifle, 20 rounds of ammunition, 10 burner phones, three aliases, stolen license plates, and ‘a trail of lies from Honolulu to Florida.’

Jurors were shown photos of the golf course perch where prosecutors say Routh hid for 10 hours with his rifle chambered, safety off, and pointed at a Secret Service agent clearing the hole for Trump.

That agent, Fercano, testified Thursday. Shipley told jurors Fercano spotted Routh’s face in the bushes and saw ‘the muzzle of a rifle pointed directly at his face’ before returning fire.

‘Had he not seen that rifle,’ Shipley said, ‘the defendant would have succeeded in killing Trump.’

Routh has pleaded not guilty to federal charges of attempting to assassinate a major presidential candidate and assaulting a federal officer. Prosecutors say he was armed with an AK-style rifle when Secret Service agents stopped him near Trump’s golf course in West Palm Beach in September 2024. The attempt came just months after Trump was shot and narrowly survived an assassination attempt in Butler, Pa.

Routh’s opening statement also began Thursday morning. He was given 41 minutes for his opening arguments, right after prosecutors finished their opening presentation. 

This is a developing story. Check back here for live updates.

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Allied Critical Metals Expands Santa Helena Breccia in Borralha with Long Tungsten Intercepts and Confirms High-Grade Trend

Highlights:

  • The latest drill results build on Bo_RC_14/25 drill hole (previously released as 12.0 metres @ 4.27% WO₃ from 252.0 metres, incl. 6.0 metres @ 8.39% WO₃ from 252.0 metres) and collectively suggests a larger and higher-grade Breccia complex than previously modeled.
  • Bo_RC_17/25 results included 100.0 metres @ 0.21% WO₃ from 52.0 metres, including
    • 32.0 metres @ 0.33% WO₃ (MF 10.6 m%) from 92.0 metres, including 
    • 14.0 metres @ 0.52% WO₃ (MF 5.2 m%) from 106.0 metres, including 
    • 6.0 metres @ 0.74% WO₃ (MF 4.4 m%) from 110.0 metres
      South infill drill hole confirms bulk-mineable medium-grade core with well-defined high-grade corridors.
  • Bo_RC_15/25 results included 2.0 metres @ 0.97% WO₃ from 164.0 metres
    South-west deep step-out drill hole with a high-grade intersection consistent with previously reported Bo_RC_14/25 drill hole.
  • Bo_RC_22/25 results included 64.0 metres @ 0.12% WO₃ from 284.0 metres, including 
    • 16.0 metres @ 0.21% WO₃ from 316.0 metres
      New northern deep lode opens a new northern vector for resource growth.

Allied Critical Metals Inc. (CSE: ACM,OTC:ACMIF) (OTCQB: ACMIF) (FSE: 0VJ0) (‘Allied’ or the ‘Company’), which is focused on its 100% owned past producing Borralha and Vila Verde tungsten projects in northern Portugal, is pleased to announce additional significant assay results from its ongoing 4,200 metres reverse circulation (RC) drilling campaign at its Borralha Tungsten Project. The latest results from drill holes Bo_RC_1525, Bo_RC_1725, and Bo_RC_2225 extend mineralization both west and north of the previously announced Bo_RC_1425 high-grade intercept, reinforcing that the Santa Helena Breccia within the Borralha Project is emerging as a larger and higher-grade orebody than previously modeled. The Company will commence an additional fully funded 1,528 metre drilling in the fourth quarter of 2025 to build off the drilling success in July.

The results are especially timely as tungsten price has now reached a new high of U.S.$550/MTU, which is an increase of more than 40% over the past four months as demand for the critical mineral increases in the face of further supply chain restrictions from non-Western countries [Source: FastMarkets].

Roy Bonnell, CEO & Director of Allied, commented: ‘These thick, continuous intervals in the central-south and the new northern deep lode materially expand the working envelope at the Santa Helena Breccia in Borralha. Together with the previously reported ultra-high-grade intercept in Bo_RC_14/25, we see clear evidence of a system that is both bigger and better than we initially assumed. This is exactly the kind of data we want feeding into the upcoming Mineral Resource Estimate (MRE) and Preliminary Economic Assessment (PEA). Moreover, the results demonstrate the potential of Borralha as a key strategic, safe, and secure source of tungsten for Portugal, the EU and NATO.’

João Barros, President & COO of Allied, stated: ‘Tungsten is recognized by the European Union as both a critical and strategic raw material under the CRMA. With Europe producing less than 3% of its annual needs and facing increasing Chinese export restrictions, the Borralha Project represents a vital opportunity to strengthen secure, Western-aligned supply chains. Our work directly supports the EU target of sourcing at least 10% of its critical raw materials domestically by 2030, while reinforcing Portugal’s role as a key contributor to Europe’s strategic independence. ‘

General (Ret.) James A. ‘Spider’ Marks, Director of the Company’s U.S. subsidiary, stated: ‘Expanding the mineral resource at the Borralha Project is an essential next step in path to fulfilling the immense need in Portugal, the EU, NATO and the United States for tungsten powders, concentrates and other byproducts. The U.S. and NATO defense military complexes are dependent on tungsten. Without domestic supply of tungsten, the Borralha Project becomes a very important piece to the critical mineral supply chains for the United States and NATO.’

These latest drilling results are highly significant because they combine both scale and grade. The long intercepts at 0.21-0.33% WO₃ in Bo_RC_17/25 are particularly meaningful in wolframite systems. In addition, the drilling program is clearly growing the footprint of the Breccia complex. The Bo_RC_22/25 delineates a northern deep lode, while Bo_RC_15/25 ties the west-deep high-grade corridor back to the main body-both lines of evidence supporting a larger Santa Helena Breccia, the principal mineralized body at Borralha Project.

Table 1 – Drill Hole Collar Locations

Drill Hole ID Coordinates (WGS84) Az.(º) Dip.(º) PFD (m) DEPTH (m)
Bo_RC_14/25 585445 4611405 109 80 250 264.00
Bo_RC_15/25 585347 4611368 109 70 300 255.00
Bo_RC_16/25 585406 4611329 105 60 240 251.00
Bo_RC_17/25 585426 4611295 109 75 250 255.00
Bo_RC_18/25 585461 4611431 109 75 300 241.00
Bo_RC_19/25 585470 4611493 109 82 350 247.00
Bo_RC_21/25 585484 4611552 109 85 400 370.00
Bo_RC_22/25 585484 4611552 109 70 360 375.00
Bo_RC_26/25 585586 4611449 289 60 400 287.00

 

Table 2 – Drill Hole Interval Highlights

Drill Hole ID From (m) To (m) DH length (m) [1] True factor [1] True Width (m) [1] WO3 (%)
Bo_RC_14/25 52.0 64.0 12.0 tbd [2] – [2] 4.27
incl. 52.0 58.0 6.0 tbd [2] – [2] 8.39
Bo_RC_15/25 164.0 166.0 2.0 0.88 1.8 0.97
Bo_RC_17/25 52.0 152.0 100.0 0.90 89.9 0.21
incl. 92.0 124.0 32.0 0.90 28.8 0.33
incl. 106.0 120.0 14.0 0.90 12.6 0.52
incl. 110.0 116.0 6.0 0.90 5.4 0.74
Bo_RC_22/25 284.0 348.0 64.0 tbd [2] – [2] 0.12
incl. 316.0 332.0 16.0 tbd [2] – [2] 0.21

 

Notes: [1] Reported intervals are downhole lengths. Estimated true widths were calculated from hole orientation and the interpreted geometry of the mineralized corridors. Estimates may vary locally where geometry changes. Where intervals fall outside the resource block-model domains, true widths are not estimated and only downhole lengths are reported. [2] True widths are unknown.

Figure 1 – Drill collar plan showing planned holes for the ongoing 5,728 m RC campaign at the Borralha Project. The red outline delineates the main mineralized breccia zone.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11632/265932_59740f4fd42498c1_001full.jpg

Figure 2 – Geological Cross-Section for hole Bo_RC_17/25.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11632/265932_59740f4fd42498c1_002full.jpg

Geologic Interpretation

The geologic interpretation indicates that the Santa Helena Breccia is expanding: the combination of broad medium-grade intervals and discrete high-grade intercepts points to a larger, better-connected breccia body than previously modeled. Priority vectors for follow-up include the west-dip high-grade trend (Bo_RC_14/25 and Bo_RC_15/25) and the northern wider deep lode (Bo_RC_22/25), which will guide near-term drilling and feed the Q4 2025 MRE and subsequent PEA workstreams.

Next steps

Ongoing drilling continues to target west-deep and northern extensions while tightening spacing across the MRE backbone. Additional assays from completed holes will be released as received and validated. The program remains aligned with the timeline toward an updated MRE (Q4 2025) and PEA thereafter.

Technical Information and Quality Assurance/Quality Control (QA/QC)

Drilling was completed using reverse-circulation (RC). All sample bags were pre-labelled with a unique internal sequence number used consistently for the assay sample and corresponding reject. Sampling was conducted on 2.0 m intervals for analytics. For each 2.0 m interval, two 1.0 m reject samples were also collected as representative splits. Splitting was performed at the rig via a rotary splitter integral to the RC cyclone.

Sampling followed pre-prepared sample lists that recorded downhole metreage, sequence, and the placement of Certified Reference Materials (CRMs) and field duplicates. CRMs were inserted at a rate of 1 in 20 samples (5%) and field duplicates at 1 in 20 samples (5%), arranged so that every 10th sample alternated between a CRM and a duplicate.

Analytical and reject samples were boxed at the drill site and transported by company personnel to the project core/logging facility. Analytical samples were stored on labelled pallets pending direct shipment to ALS’s preparation laboratory in Seville, Spain. Pulps and rejects were subsequently stored securely in the project logging room.

At ALS Seville, samples were crushed to 70% passing 2 mm, riffle-split to ~250 g, and pulverized using hardened steel to 85% passing 75 μm. Pulps were shipped to ALS Loughrea (Ireland) for analysis. The primary analytical method was ME-MS81 (lithium borate fusion with ICP-MS finish). Base metals were also reported using ME-4ACD81 (four-acid digestion with ICP-MS finish). Over-limit tungsten results were re-assayed using W-XRF15b (lithium borate fusion with XRF). Analytical results were delivered directly by ALS to the Company via secure electronic transfer.

To the best of the Company’s knowledge, no drilling, sampling, recovery, or other factors have been identified that would materially affect the accuracy or reliability of the data referenced herein.

Where reported, metal factor (m·%WO₃) is the product of interval length and grade and is provided as supplemental context only. Primary disclosure remains the reported grade and interval length (and true width where known).

Qualified Person

The scientific and technical information in this news release has been reviewed and approved by Mr. Vítor Arezes, BSc, MIMMM (QMR) (Membership Nº. 703197, Vice-President Exploration of Allied Critical Metals, who is a Qualified Person for the purposes of National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Mr. Arezes is not independent of Allied Critical Metals Inc. as he is an officer of the Company.

Understanding Tungsten

To understand tungsten, it is critical to understand the difference between wolframite tungsten mineralization and scheelite tungsten mineralization. Scheelite often reports higher grades (0.3%-1.0% WO₃) but is more costly and complex to process, requiring flotation methods with higher capital and operating expenditures and lower recoveries.i In contrast, wolframite, which is the focus of Allied, can be processed more efficiently using gravity and magnetic separation, resulting in lower costs and higher recoveries, making lower grades (~0.15%-0.25% WO₃) economically viable in wolframite deposits. For example, a wolframite deposit with 0.4% WO₃ over 3 metres can be more profitable than a scheelite deposit with 0.7% WO₃ over the same interval due to lower processing costs and higher recovery rates.ii

In Western exploration drilling, tungsten grades typically range from 0.3% to 1.0% WO₃.iii The cut-off grade for economic viability is generally around 0.1% WO₃, with highly efficient operations able to mine at grades as low as 0.08% WO₃. Skarn deposits, a common deposit type, typically range from 0.34% to 1.4% WO₃, with intercepts of 0.4% WO₃ over 1-5 metres considered very good and 0.7% WO₃ over 1-3 metres considered very high-grade.iv Intercept lengths can range from 0.6 metres to over 100 metres, with longer intercepts at strong grades generally preferred for economic mining.

Published exploration results in Western jurisdictions demonstrate the standards for wolframite, with reported intercepts such as ~9-15 m @ 0.6-0.8% WO₃, ~18 m @ 1.0% WO₃, and typical intervals of 1-5 m @ 0.25-0.5% WO₃. A result like 0.5% WO₃ over 3 metres is generally considered strong within Western tungsten exploration benchmarks, especially for wolframite tungsten mineralization.v

It is also important to recognize that China, Russia, and North Korea control approximately 87% of the world’s tungsten supply, using cheap labor and minimal environmental standards in authoritarian regimes. vi As a result, production costs and grades in these countries are not comparable to Western projects, which operate under higher labor, ESG, and energy cost structures. Evaluating projects outside these regions provides a realistic benchmark for what grades and intercepts are economically viable while supporting secure, NATO-aligned supply chains.

For Allied, this context is significant. Wolframite tungsten grades, ranging from 0.2% to 1.0% WO₃ are strong global wolframite benchmark values. The Company’s focus on wolframite ensures lower processing costs and higher recoveries, supporting project economics even at lower grades. Allied’s operations in secure jurisdictions align with Western critical mineral needs, avoiding geopolitical risks associated with China and Russia while positioning the Company to benefit from growing tungsten demand across defense, aerospace, and electrification sectors. Allied’s strong grades, low-cost processing advantages, and secure location position it as a strategic and responsible tungsten exploration company, well placed to support robust project economics in a rising-demand market. vii

*The results and intercepts referenced are drawn from publicly available disclosures of third-party mineral projects and are presented for industry benchmarking and comparison purposes only. Allied has no interests in those projects or entities.

ON BEHALF OF THE BOARD OF DIRECTORS,

‘Roy Bonnell’

Roy Bonnell, CEO and Director

For further information or investor relations inquiries, please contact:

Dave Burwell
Vice President, Corporate Development
Email: daveb@alliedcritical.com
Tel: 403-410-7907
Toll Free: 1-888-221-0915

ABOUT Allied Critical Metals

Allied Critical Metals Inc. (CSE: ACM,OTC:ACMIF) (OTCQB: ACMIF) (FSE: 0VJ0) is a Canadian-based mining company focused on the expansion and revitalization of its 100% owned past producing Borralha Tungsten Project and the Vila Verde Tungsten Project in northern Portugal with advantageous wolframite tungsten mineralization. Tungsten has been designated a critical metal by the United States and other western countries, as they are aggressively seeking friendly sources of this unique metal. Currently, China, Russia and North Korea represent approximately 86% of the total global supply and reserves. Tungsten is used in a variety of industries such as defense, automotive, manufacturing, electronics, and energy.

Please also visit our website at www.alliedcritical.com.

Also visit us at:

LinkedIn: https://www.linkedin.com/company/allied-critical-metals-inc
X: https://x.com/@alliedcritical/
Instagram: https://www.instagram.com/alliedcriticalmetals/

The Canadian Stock Exchange does not accept responsibility for the adequacy or accuracy of this release.

Cautionary Statement Regarding Forward-Looking Information

This news release contains ‘forward-looking statements’, including with respect to the use of proceeds. Wherever possible, words such as ‘may’, ‘would’, ‘could’, ‘should’, ‘will’, ‘anticipate’, ‘believe’, ‘plan’, ‘expect’, ‘intend’, ‘estimate’, ‘potential for’ and similar expressions have been used to identify these forward-looking statements. These forward-looking statements reflect the current expectations of the Company’s management for future growth, results of operations, performance and business prospects and opportunities and involve significant known and unknown risks, uncertainties and assumptions, including, without limitation, those listed in the Company’s Listing Statement and other filings made by the Company with the Canadian securities regulatory authorities (which may be viewed under the Company’s profile at www.sedarplus.ca ). Examples of forward-looking statements in this news release include, but are not limited to, statements regarding the proposed timeline and use of proceeds for exploration and development of the Company’s mineral projects as described in the Company’s Listing Statement, news releases, and corporate presentations. Should one or more of these risks or uncertainties materialize or should assumptions underlying the forward-looking statements prove incorrect, actual results, performance or achievements may vary materially from those expressed or implied by the forward-looking statements contained in this news release. These factors should be considered carefully, and prospective investors should not place undue reliance on the forward-looking statements. This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statements and reference should also be made to the Company’s Listing Statement dated April 23, 2025 and news release dated May 16, 2025, and the documents incorporated by reference therein, filed under its SEDAR+ profile at www.sedarplus.ca for a description of additional risk factors. The Company disclaims any intention or obligation to revise forward-looking statements whether as a result of new information, future developments or otherwise, except as required by law.

i International Tungsten Industry Association (ITIA). (2023). Tungsten: Global industry, markets & outlook. Retrieved from https://www.itia.info

ii International Tungsten Industry Association (ITIA). (2023). Tungsten: Global industry, markets & outlook. Retrieved from https://www.itia.info

iii US Geological Survey (USGS). (2024). Mineral commodity summaries: Tungsten. Retrieved from https://pubs.usgs.gov/periodicals/mcs2024/mcs2024-tungsten.pdf

iv British Geological Survey (BGS). (2023). Tungsten fact sheet. Retrieved from https://www.bgs.ac.uk/downloads/start.cfm?id=1408

International Tungsten Industry Association (ITIA). (2023). Tungsten: Global industry, markets & outlook. Retrieved from https://www.itia.info

v Argus Media Group. (2025). Argus Tungsten Monthly Outlook. Issue 26-6, 11 June 2025. https://argusmedia.com

vi International Tungsten Industry Association (ITIA). (2023). Tungsten: Global industry, markets & outlook. Retrieved from https://www.itia.info

US Geological Survey (USGS). (2024). Mineral commodity summaries: Tungsten. Retrieved from https://pubs.usgs.gov/periodicals/mcs2024/mcs2024-tungsten.pdf

vii International Tungsten Industry Association (ITIA). (2023). Tungsten: Global industry, markets & outlook. Retrieved from https://www.itia.info

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/265932

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Bold Ventures Announces Prospecting and Sampling Results and Mobilizes Crew to Burchell Gold and Copper Project

Bold Ventures Inc. (TSXV: BOL,OTC:BVLDF) (the ‘Company’ or ‘Bold’) is pleased to announce the results of a prospecting and sampling program on its Burchell Gold and Copper Property (the ‘Property’), located within the Shebandowan Greenstone Belt, approximately 100 km west of Thunder Bay, Ontario. 209 grab samples and 42 channel samples were collected in total. The goal of this phase of work was preparation for a mechanical stripping, sampling and geological mapping program at the 111 Zone gold showing and surroundings. A crew has been mobilized for the mechanical stripping program which will commence immediately.

Highlights from the program include:

  • Verification of gold mineralization at historic trenches in the southwest part of the Property, with one sample returning 3.38 g/t Au.
  • New gold-silver showing south of the 111 Zone, with a maximum of 952 ppb Au and 300 ppm Ag.

Prospecting was carried out over a flagged 800 m by 1 km grid centered on the 111 Zone, where grab samples returned from 10 ppb Au up to 68 g/t Au last Fall (see Bold news release dated January 9, 2025), and along strike to the southwest towards the western Property boundary. Additional locations both along and across strike were sampled. Limited channel sampling was carried out where outcrop could be accessed by hand stripping. In total, 42 samples were collected (see Table 2 and Figure 2 for significant channel sample results).

Limited channel sampling at the 111 Zone revealed that the anomalous gold zone is at least 4.5 to 6.5 meters wide (apparent width), open to the southeast, where outcrop exposure terminated under overburden and along strike in both directions. The highest value obtained was 2.1 g/t Au (and 1250 ppm Cu) over 0.5 meters, with 14 samples in the 100-500 ppb Au range. 3 samples also returned 0.1% or greater zinc, with a maximum of 0.27% Zn over 0.7 m (see Table 2 and Figure 2).

Combined with previous geological mapping and sampling (2023 and 2024), airborne electromagnetic and magnetic surveys (2006, 2019), and historical data compilation, the results of this sampling program will guide the mechanical stripping, mapping and sampling program commencing immediately. This first phase will expose a number of locations along an emerging anomalous gold mineralized trend that extends northeast from near the western Property boundary over a distance of approximately 2.9 km to the 111 Zone and beyond (see Figure 1). This trend appears to be associated with a magnetic low geophysical signature and remains open to the eastern boundary of the claim group which has seen very little exploration to date.

Prospecting Results

209 samples were collected during the summer prospecting program. Several new gold-in-bedrock anomalies were identified on or close to the 111 Zone flagged grid (see Figure 1). These occur close to the contacts between mafic metavolcanics and intermediate or felsic metavolcanics. Significant anomalous results include:

  • 952 ppb Au (with 260 ppm Ag, 0.44% Pb, 0.18% Zn, and 490 ppm Bi) from a 5 cm quartz vein in sheared diorite, 180 meters south-southeast of the 111 Zone, dubbed the ‘Winter Gold Occurrence.’
  • 931 ppb Au (with 300 ppm Ag, 0.54% Pb, 0.19% Zn, and 584 ppm Bi) from the same vein at Winter Gold.
  • 706 ppb Au (with 0.17% Zn and 155 ppm Mo) 780 meters west-southwest of the 111 Zone, from altered mafic volcanic rocks.
  • 207 ppb Au (with 1.34% Zn and 0.36% Pb) 450 meters west-northwest of the 111 Zone, from quartz sericite schist.
  • 412 ppb Au and 1.49% Cu in quartz sericite schist from a location 220 meters northeast of the 111 Zone.
  • At the 111 Zone 3 samples returned anomalous zinc values with a maximum of 0.28% Zn.

See Table 1 and Figure 1. New gold-in-rock anomalies are frequently associated with zinc, copper and lead pathfinders, which is consistent with the soil sampling results reported on August 18, 2025. They show that gold and base metal geochemical anomalies tend to cluster near contacts between mafic metavolcanics and felsic or intermediate metavolcanics. A follow up prospecting program is currently underway to explore these soil geochemical anomalies.

Prospecting in the southwest part of the Property also yielded new gold-in-rock anomalies (see Figure 1), which include:

  • 371 ppb Au from altered, sheared quartz feldspar porphyry (QFP) in local float, as well as two other samples >100 ppb Au in outcrop and subcrop. This new zone of sheared QFP has been dubbed the ‘Moosehead Zone’ and occurs along the side of a northwest-facing slope on the edge of low ground. This zone is located 2.5 km southwest of the 111 Zone, and like the 111 Zone occurs in a magnetic low.
  • 188 ppb Au and 106 ppb Au from altered intermediate volcanic rock and porphyritic rock respectively, from outcrop and talus, approximately 600 meters along strike to the northeast of the Moosehead Zone, along a similar slope indicating that the gold bearing rocks may also continue under overburden to the northwest.
  • 288 ppb Au from altered mafic metavolcanic rock and 118 ppb Au from sulphide iron formation, in close proximity to each other approximately 900 meters north-northwest of the Moosehead Zone.
  • 125 ppb Au from an angular boulder of intermediate volcanics with quartz-magnetite veining approximately 1.2 km north-northwest of Moosehead.

Sampling of historic trenches in the southwest part of the Property, approximately 600 meters north of the Moosehead Zone, confirmed historic gold mineralization with a highest result of 3.38 g/t Au. This area has yet to be comprehensively mapped, prospected and sampled. See Table 1 and Figure 1.

These showings demonstrate the potential for parallel zones in variable rock types across the Property. They are also all in the general vicinity of the extension of the Kawa Trend of Goldshore Resources (GSHR), along which GSHR reported a grab sample which returned 33.7 g/t Au, 0.64% Zn and 75 ppm Mo (note: the qualified person has been unable to verify results reported by GSHR and these are not necessarily indicative of mineralization present on the Burchell Property). From the southwest end of the Moosehead Zone to the northeastern-most gold anomaly on the 111 grid, a 2.9 km discontinuous gold trend has now been identified. See Figure 1.

An exploration permit which includes backhoe stripping was recently obtained by the Company (see Bold’s August 28, 2025 news release), which will allow the Company to expose the 111 Zone and sample the gold-bearing horizon in detail.

Bruce MacLachlan, President and COO of Bold Ventures, said of the results: ‘It is encouraging that numerous gold anomalies were obtained from our summer prospecting and sampling programs. New gold, silver and base metal showings along a 3 km trend within parallel zones that cross multiple rock types indicate some size potential, most notably at the 111 Zone where we will have the opportunity to expose it by backhoe and sample more thoroughly.’

QAQC Protocols

Rock samples were collected, documented and photographed in the field, then placed in sealed bags and delivered to Activation Laboratories (ActLabs) in Thunder Bay, which is an ISO / IEC 17025 accredited laboratory. Rock sample collection is subject to Bold’s internal quality assurance / quality control (QAQC) protocols, which include the insertion of blank material and certified reference material into each batch of samples submitted. Rock samples referenced in this news release were analyzed using ActLabs methods 1A2-50, a 50g fire assay with atomic absorption finish, and 1F2, a total digestion with ICP-OES finish for trace elements.

The technical information in this news release was reviewed and approved by Coleman Robertson, B.Sc., P. Geo., the Company’s V.P. of Exploration and a qualified person (QP) for the purposes of NI 43-101.

Bold Ventures management believes our suite of Battery, Critical and Precious Metals exploration projects are an ideal combination of exploration potential meeting future demand. Our target commodities are comprised of: Copper (Cu), Nickel (Ni), Lead (Pb), Zinc (Zn), Gold (Au), Silver (Ag), Platinum (Pt), Palladium (Pd) and Chromium (Cr). The Critical Metals list and a description of the Provincial and Federal electrification plans are posted on the Bold Critical and Battery Minerals page.

About Bold Ventures Inc.

The Company explores for Precious, Battery and Critical Metals in Canada. Bold is exploring properties located in active gold and battery metals camps in the Thunder Bay and Wawa regions of Ontario. Bold also holds significant assets located within and around the emerging multi-metals district dubbed the Ring of Fire region, located in the James Bay Lowlands of Northern Ontario.

For additional information about Bold Ventures and our projects, please visit boldventuresinc.com or contact us at 416-864-1456 or email us at info@boldventuresinc.com.

‘Bruce A MacLachlan’
Bruce MacLachlan
President and COO

Direct line: (705) 266-0847 

Email: bruce@boldventuresinc.com

‘David B Graham’
David Graham
CEO

 

Neither 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 release.

Cautionary Note Regarding Forward-Looking Statements: This Press Release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words ‘may’, ‘would’, ‘could’, ‘will’, ‘intend’, ‘plan’, ‘anticipate’, ‘believe’, ‘estimate’, ‘expect’ and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. Shareholders are cautioned not to put undue reliance on such forward-looking statements.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

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Locksley Resources Adds 249 Additional Claims to Landholding of More than 40 sq km of Highly Prospective Critical Minerals Ground in California’s Mojave Region

Brings Company’s Total Claims to 491 in Area Housing the Only Rare Earths Producing Mine in U.S.

Move Expands Locksley’s Exploration Pipeline Across Antimony, Rare Earths Elements and Polymetallic Prospects

Locksley Resources Limited (ASX: LKY,OTC:LKYRF; OTCQB: LKYRF), announced it has significantly expanded its strategic footprint within the Mojave Critical Minerals Corridor in California through the staking of an additional 249 claims. This brings the company’s total landholding to 491 claims.

The new claims are adjacent to Locksley’s existing tenement position and adjoin MP Materials landholding, which includes the Mountain Pass Rare Earth Mine. The new claims also secure additional acreage for Locksley in that they abut the recently identified antimony, rare earths elements (REEs) and polymetallic mineralization reported by the company.

‘These additional claims significantly strengthen Locksley’s competitive positioning within one of the most prospective critical minerals regions in the U.S.,’ said Nathan Lude , Head of Strategy, Capital Markets and Commercialization for the company. ‘With demand for antimony and REEs underpinned by U.S. supply chain security initiatives, the expanded landholding provides Locksley with a broader platform to advance multiple exploration and development opportunities,’ he noted.

The south-east claims encompass the favorable gneissic geology, which hosts the Mountain Pass mine and carbonatites. ‘Significantly there are substantial regional north to north-west striking structures evident in the magnetic geophysics datasets,’ said Julian Woodcock , Locksley’s technical director. ‘These transgress across the areas staked, which conceptually have the potential to host pathways for REE bearing carbonatites and be related to other styles of mineralization,’ he said.

Woodcock added that the Northern claims are 3km directly along strike from Dateline Resources Colosseum Gold Project. ‘In addition, the USGS geochemical database indicates polymetallic and precious metals occurrences in the area immediately adjoining the new northern claims. As such there are multiple commodity opportunities evident within this claim area.’

Lude added, ‘Importantly, several of the new claims directly adjoin the Mountain Pass larger claim package, underlining the strategic significance of Locksley’s footprint within the corridor. This positioning enhances potential for both exploration discovery and long-term commercialization pathways, including downstream processing partnerships in line with U.S. government priorities for supply chain resilience.’

More information on this can be found at https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02992119-6A1283295&v=c2533a54e2514fb77a8f93f84db686e1125273e9 .

Locksley Resources is an Australian-based explorer focused on critical minerals and base metals, with assets in both the U.S. and Australia . The company is actively advancing its U.S. asset, the Mojave Project, in California , targeting rare earth elements (REEs) and antimony. The company has also announced a strategic collaboration with Rice University to develop DeepSolv, for domestic processing of North American antimony. The agreement is the first step in the initiation of Locksley’s U.S. Critical Minerals and Energy Resilience Strategy to accelerate ‘mine-to-market’ deployment of antimony in the U.S.

Contact: Beverly Jedynak , Beverly.jedynak@viriathus.com , 312-943-1123; 773-350-5793 (cell)

View original content: https://www.prnewswire.com/news-releases/locksley-resources-adds-249-additional-claims-to-landholding-of-more-than-40-sq-km-of-highly-prospective-critical-minerals-ground-in-californias-mojave-region-302553290.html

SOURCE Locksley Resources

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Rio Silver arranges $1.3M private placement

Vancouver, British Columbia September 11, 2025 Rio Silver Inc. (‘Rio Silver’ or the ‘Company’) (TSX.V: RYO,OTC:RYOOD) (OTC: RYOOF) announces private placement of units. Rio Silver Inc. has arranged a non-brokered private placement financing of up to 13 million units at $0.10 per unit for gross proceeds of up to $1.3-million.

Each unit consists of one common share and one transferable warrant. Each whole warrant is exercisable into one common share at 15 cents per share for three years from closing. If, following the final closing date of the private placement, the company’s common shares close at or above 25 cents on the TSX Venture Exchange (or such other exchange on which the shares may trade) for 15 consecutive trading days, the company may accelerate the warrant expiry date by issuing a news release. The warrants would then expire 30 days from the date of that notice.

The private placements may be closed in one or more tranches subject to conditional approval from the TSX-V.

Subject to compliance with applicable laws and TSX-V approval, the company may pay a finder’s fee or commission of up to 8 per cent and issue 8% brokers warrants to persons who assist in the introduction of investors to the company, which without limiting the foregoing may include cash, common shares and warrants, or a combination thereof.

The gross proceeds from the issue and sale of the units, excluding warrant proceeds, will be used for exploration and development of the company’s projects in Peru and for general working capital purposes.

About Rio Silver

Rio Silver is a resource development company that has been selectively identifying and acquiring precious metal assets that are anticipated to produce near term cashflow to best assist the Company’s exploration / development plans, in a non-dilutive, shareholder-friendly way. We remain ever impressed and optimistic by the resilience and ingenuity of our host country as Peru continues to endorse supportive mining policies and continued growth, as evident by the continuing investment being witnessed throughout Peru.

ON BEHALF OF THE BOARD OF DIRECTORS OF Rio Silver INC.

Chris Verrico

Director, President and Chief Executive Officer

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

For further information,

Christopher Verrico, President, CEO

Tel: (604) 762-4448

Email: chris.verrico@riosilverinc.com

Website: www.riosilverinc.com

This news release includes forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required by applicable laws.

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Crypto Market Update: Klarna Raises US$1.37 Billion in IPO, SEC Shares Crypto Blueprint

Here’s a quick recap of the crypto landscape for Wednesday (September 10) as of 9:00 p.m. UTC.

Get the latest insights on Bitcoin, Ethereum and altcoins, along with a round-up of key cryptocurrency market news.

Bitcoin and Ethereum price update

Bitcoin (BTC) was priced at US$113,543, a 1.9 percent increase in 24 hours. Its highest valuation of the day was US$114,246, and its lowest was US$112,205.

Bitcoin price performance, September 10, 2025.

Chart via TradingView.

Bitcoin broke through US$114,000 on Wednesday after US producer price index numbers for August came in lower than expected, thanks to a decline in the cost of services.

Crypto trader Rekt Capital has identified US$113,000 as a potential resistance zone.

“Each rejection from $113k (red) has yielded shallower and shallower pullbacks,” he commented. ‘It has taken some time but it is increasingly looking like $113k is weakening as a point of rejection.’

“It’s unlikely Bitcoin has already peaked in its Bull Market because that would effectively mean that this cycle was one of the shortest of all time,” he said in another post, suggesting Bitcoin could have more room to run.

Ether (ETH) was priced at US$4,324.50, an increase of 0.7 percent over the past 24 hours. Its highest valuation on Wednesday was US$4,437.72, and its lowest was US$4,305.60.

Altcoin price update

  • Solana (SOL) was priced at US$221.78, an increase of 2.4 percent over the last 24 hours. Its highest valuation on Wednesday was US$224.95, and its lowest level was US$219.27.
  • XRP was trading for US$2.98, up by 0.4 percent in the past 24 hours. Its highest valuation of the day was US$3.02, and its lowest valuation was US$2.96.
  • SUI (Sui) was valued at US$3.55, up by 2.3 percent in the past 24 hours. Its highest price on Wednesday was US$3.62 and its lowest was US$.351.
  • Cardano (ADA) was priced at US$0.8757, up by 1.5 percent over 24 hours. Its highest valuation on Wednesday was US$0.8933, and its lowest was US$0.8726.

Today’s crypto news to know

Klarna secures US$1.37 billion in New York IPO

Klarna (NYSE:KLAR) raised US$1.37 billion in its US initial public offering (IPO) this week, marking one of the largest fintech listings of the year and a potential catalyst for other high-growth firms eyeing Wall Street.

The Swedish buy-now-pay-later company sold 34.3 million shares at US$40 each, topping its expected price range and valuing the firm at roughly US$15 billion. Investor appetite was strong, with the deal oversubscribed 25 times. The figure, however, is still far below the US$45 billion valuation it commanded at the peak of its pandemic surge.

Klarna, backed by Sequoia Capital, has been unprofitable since expanding aggressively in the US, where costs have climbed faster than revenues. The company’s losses widened to US$52 million in the second quarter, but overall sales still grew nearly 21 percent year-on-year.

SEC unveils ‘bold blueprint’ for crypto regulation

At an Organization for Economic Cooperation and Development roundtable in Paris, France, on Wednesday, US Securities and Exchange Commission (SEC) Chair Paul Atkins outlined a “bold blueprint” to accommodate blockchain-based financial markets with modern securities regulations under the Project Crypto initiative.

“It is a new day at the SEC,” Atkins said. “Policy will no longer be set by ad hoc enforcement actions. We will provide clear, predictable rules of the road so that innovators can thrive in the United States.

Under the SEC’s new regulatory approach, most crypto tokens will not be classified as securities. The initiative also aims to modernize securities rules to enable crypto platforms to operate as so-called super apps that offer trading, lending and staking services under one unified regulatory framework. Additionally, the SEC is preparing for the expanding role of artificial intelligence (AI) in finance by creating an AI task force and encouraging innovation in agentic finance.

Paxos teams up with PayPal and Venmo for USDH stablecoin

Stablecoin issuer Paxos has updated its proposal to issue USDH, the planned stablecoin of decentralized exchange Hyperliquid, adding support from PayPal Holdings (NASDAQ:PYPL) and Venmo.

According to the announcement, PayPal will support both the HYPE token and USDH at its checkout, as well as provide US$20 million in incentives committed to the HYPE ecosystem.

The company will also integrate USDH into its payment app, Venmo and its money remittance service, Xoom.

Paxos indicated that USDH could achieve global circulation due to its regulatory status within the EU. “Paxos is the only issuer in the world today that can ensure that USDH can scale globally in a fully compliant manner,” it said.

The company reiterated that its commitment to Hyperliquid is structured so that “Paxos only wins if Hyperliquid wins,” meaning its revenue share from the USDH stablecoin only begins after reaching significant growth milestones, and all revenue from USDH will be reinvested into growing Hyperliquid and its ecosystem until it reaches a TVL of US$1 billion. Beyond a TVL of US$5 billion, Paxos will cap its revenue share at 5 percent.

Cboe to launch long-term BTC and ETH futures

Cboe Global Markets announced on Wednesday that it plans to launch 10 year continuous futures contracts for Bitcoin and Ether from November 10, 2025, pending regulatory approval.

Traditional futures contracts have short durations and expire regularly, requiring traders to roll their positions into new contracts, which can be complex and costly. Cboe’s proposed product means investors will be able to hold a position in Bitcoin or Ether futures for up to 10 years, offering a new way for investors to gain or manage long-term exposure.

These contracts are cash settled and priced in alignment with the real-time spot prices of Bitcoin and Ethereum, and will use a daily funding rate adjustment to keep the futures price closely tied to the underlying crypto price, functioning similarly to popular perpetual futures in decentralized finance markets.

This launch marks Cboe’s expansion into offering perpetual-style crypto futures under US regulation.

India leans away from sweeping crypto regulation

India is signaling it will avoid a full-scale regulatory framework for cryptocurrencies, according to a government paper reviewed by Reuters. The document reiterates the Reserve Bank of India’s view that regulating digital assets could unintentionally confer legitimacy and increase risks to the broader financial system.

Instead, officials are leaning toward limited oversight, wary of speculative trading and systemic contagion.

This stance comes as other major economies, including Japan and Australia, advance regulatory regimes while China keeps its outright ban in place. US developments, including federal recognition of stablecoins, have added pressure on India to clarify its position, but policymakers remain cautious. Attempts to ban private cryptocurrencies in 2021 stalled, and a planned 2024 discussion paper was shelved pending international consensus.

For now, India is prioritizing containment over expansion, even as Bitcoin prices and global adoption hit record highs.

Rapyd launches stablecoin payment suite

Fintech platform Rapyd has introduced its Stablecoin Payment Solutions, giving businesses the ability to accept, settle and pay out using stablecoins through one integrated system. The offering is pitched as an answer to fragmented global money movement, consolidating what has often required multiple providers into a single platform.

Rapyd aims to tap over US$27 trillion in stablecoin transaction volume recorded across blockchains this year.

The platform enables real-time payouts, treasury management and currency conversion, potentially easing reliance on traditional rails like SWIFT. Executives at the company say the new service is aimed at industries ranging from gaming to global e-commerce, where speed and liquidity are critical.

As both US and European regulators formalize rules under the GENIUS Act and MiCA, Rapyd is betting that its unified approach can help enterprises cut costs and streamline cross-border operations.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

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