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Syrian president’s historic UN speech joined by thousands rallying outside for peace and Trump’s support

Syrian President Ahmad al-Sharaa made history at the United Nations General Assembly on Wednesday, delivering a speech that marked the first time in nearly six decades a Syrian leader has addressed the world body. His appearance in New York drew thousands of Syrian supporters who gathered outside UN headquarters, celebrating what they described as a new chapter for their war-torn country and urging U.S. President Donald Trump to back Syria’s reintegration into the international community.

The moment carried special weight for Syrians abroad, many of whom fled during the country’s 14-year civil war. They waved flags, carried banners, and chanted calls for peace and reconstruction. For them, the sight of a Syrian president welcomed at the U.N. was both symbolic and deeply personal.

Hamza Mustafa, Syria’s information minister, joined the demonstration and told Fox News Digital it was an emotional day. ‘It’s a historical moment for all the Syrian people — after 14 years of conflict, after revolution, after a lot of sacrifice, now we are here representing the Syrian people,’ he said. ‘We are gathering with the Syrian people to say that we are all serious in our struggle for a united and sovereign Syria.’

Mustafa also thanked the Trump administration for steps to ease sanctions, saying, ‘As a government, we say thank you to Mr. Trump for his courage in lifting sanctions on Syria.’

In his U.N. address, President al-Sharaa called for lifting sanctions, pledging to pursue ‘a new Syria built on unity, sovereignty, and peace with its neighbors.’ He said the conflict had brought ‘untold suffering’ and emphasized that ‘Syrians deserve the right to rebuild their lives, their homes, and their country.’

Syria’s Minister of Emergency and Disaster Management, Raad Saleh, addressed reports of a U.S.-brokered security agreement with Israel, telling Fox News Digital: ‘It’s a political decision, and we are leaving it to our president to take that decision. But Syrians are not looking for any conflict anymore — Syrians are only looking for reconstruction and rebuilding.’

The stakes are high: Israel has carried out dozens of strikes across Syria in recent months, targeting what officials say are Iranian-backed forces, weapons depots and positions near the Israeli border. Israeli officials have framed the operations as both a warning to Syria’s new leadership and a move to protect vulnerable minorities such as the Druze, who have faced attacks and massacres under al-Sharaa’s government.

Prime Minister Benjamin Netanyahu, who will speak at UNGA on Friday, said in a statement that any deal ‘is contingent on securing Israel’s interests,’ including the ‘demilitarization of southwestern Syria and safeguarding the Druze.’

The rally outside the UN was organized by Dr. Hicham Alnachawati, who emphasized that the new Syrian leadership wants peace — including with Israel.

‘This is a historic moment for us as Syrians. We haven’t seen a president give such a speech at the UN in over 57 years,’ Alnachawati said. ‘We are hoping that this message of peace and prosperity will encourage other world leaders, and especially President Trump, to support lifting the remaining sanctions so we can rebuild a new Syria.’

Alnachawati went further, directly linking Syria’s future to regional reconciliation. ‘We sent a message of peace to establish relations with our neighbors, especially Israel,’ he said. ‘Let’s extend the Abraham Accords here — this is an opportunity for the Trump administration to lead a peace process. Israelis are looking for the same thing, and Syrians are ready for peace, reconstruction, and development.’

Al-Sharaa’s past as a wanted terrorist has drawn sharp criticism from Western officials. When asked about it, Alnachawati responded that people can change, citing U.S. General David Petraeus, who has previously suggested Sharaa had the capacity to evolve into a statesman. 

‘I listened to Petraeus, and he said he saw this man as having hope to change,’ Alnachawati said. ‘He wants to unite Syria, achieve peace in the region, and reflect that peace on the whole world. Syrians are ready to reestablish themselves, to live a normal life like any other citizen, and to extend their hands for peace.’

For many Syrians who resettled in the United States, the day was especially poignant. Shadi Martini, CEO of the Multifaith Alliance and a Syrian who fled at the start of the war and personally met President al-Sharaa in Syria a few months ago, told Fox News Digital, ‘It’s probably been 50 or 60 years since a Syrian president came to the U.N., so it’s very historic and emotional for a lot of Syrian Americans to see. President Sharaa was greeted by so many presidents and foreign dignitaries, and hopefully there will also be a meeting with President Trump.’ 

This post appeared first on FOX NEWS

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U.S. registers most outbreaks of global antisemitism in August: Watchdog report

A shocking new report has found that Jew-hatred in the U.S. dramatically spiked in August.

The report from the Combat Antisemitism Movement monitored 694 antisemitic global incidents, an average of 22.4 incidents per day. The volume of antisemitism amounts to more than15.7% more incidents worldwide compared with August 2024.

The United States recorded the highest number of antisemitism incidents in August, with 162 incidents. That represented a 13.3% increase from the 143 incidents recorded in July, noted the CAM report.

Some telling examples cited were in Oregon, where swastikas were painted on the Jewish Museum and ‘Death to the IDF [Israel Defense Forces]’ vandalism in St. Louis, where cars were torched. 

CAM stated’ 458 of the 694 incidents (66.3%) recorded in August involved Israel-related antisemitism, reflecting the persistent trend of anti-Zionist rhetoric and attacks directed at Jewish individuals and institutions in the ongoing aftermath of the October 7th massacre.’

Anti-Zionism is defined as the rejection of the Jewish state and translates into efforts to dismantle Israel via the Boycott, Divestment, Sanctions campaign (BDS) and comparisons with Hitler movement. The German and Austrian parliaments define BDS as antisemitic campaign that recalls the Nazi boycott campaign of Jewish businesses during the Holocaust.

The clear spike of Israel-related antisemitism in August unfolded in multiple examples, according to CAM. In Utah, a brewer built a ‘Dropkick a Zionist’ cider. In France, a Paris air traffic controller blurted out ‘Free Palestine’ to an El Al flight crew.

 In Germany, a Russian national sought to attack the Israeli embassy in Berlin.

 In Spain, the anti-Israel musician Bob Vylan articulated support for ‘armed resistance’ to oppose ‘Israel’s genocide.’  Israel and the Trump administration deny that Israel is engaged in genocidal activity. Critics argue that pro-Hamas and pro-Palestinian activists are spreading disinformation. 

Hamas’ charter calls for a genocide of Israel and its October 7, 2023 invasion of Israel, causing the murder of over 1,200 people and the kidnapping of more than 250, was Hamas’ attempt to destroy the Jewish state.

Antisemitism on college campuses across the globe continued to proliferate. CAM noted that in August there 19 acts of antisemitism on institutions of higher learning, 14 of which unfolded in the U.S. The Trump administration launched an aggressive crackdown on academic antisemitism, in contrast to former President Joe Biden’s administration, noted observers of the world’s oldest hatred.

The global surge in denial of the Holocaust also continued. Anti-Israel protesters in Sydney held signs declaring ‘Zionists are neo-Nazis’ and ‘Never again means never again for anyone.’

 In Germany, antisemites vandalized a stone column at a Holocaust memorial in Baden-Baden in the state of Baden-Württemberg.

In France, a Lyon Holocaust memorial was vandalized with the words ‘Free Gaza.’ In the U.S., the radical left-wing and pro-Iran regime group CodePink protested outside the U.S. Holocaust Memorial Museum. Fox News Digital has documented the global antisemitic movement on its website titled Antisemitism Exposed.

This post appeared first on FOX NEWS

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Trump admin reunites with Elon Musk in pursuit of AI dominance: ‘Benefit of the country’

The Trump administration agency that manages the government’s real estate holdings, procurement and technology services is partnering with Elon Musk’s xAI in a move it says will cost effectively streamline federal workflow. 

The General Services Administration announced on Thursday morning that federal agencies will now have access to Grok 4 and Grok 4 Fast as part of an agreement with xAI, valid until March 2027, that Musk says will make government drive innovation in government. 

‘xAI has the most powerful AI compute and most capable AI models in the world,’ Musk, co-founder and CEO of xAI, said in a statement to Fox News Digital. 

‘Thanks to President Trump and his administration, xAI’s frontier AI is now unlocked for every federal agency empowering the U.S. Government to innovate faster and accomplish its mission more effectively than ever before,’ Musk added.

‘We look forward to continuing to work with President Trump and his team to rapidly deploy AI throughout the government for the benefit of the country.’

Josh Gruenbaum, federal acquisition service commissioner at the General Services Administration, explained in a press release that the new widespread access to AI models is an ‘essential’ tool not only in fulfilling Trump’s promise that the United States will win the AI race, but also for ‘building the efficient, accountable government that taxpayers deserve.’

As part of the agreement, xAI engineers will provide full support in order to ‘accelerate the adoption of Grok to transform government operations.’

The agreement between GSA and xAI will be effective immediately, allowing federal agencies to ‘begin leveraging the benefits of Grok AI models through GSA’s established procurement channels,’ the GSA press release says. 

Gruenbaum told Fox News Digital the AI tools being deployed are essential to the goal of aligning with Trump’s goal of modernizing government operations and winning the race with China to dominate the AI space, adding that xAI ‘stood out’ as a strong partner that offers ‘world class technical talent.’

‘This technology could be as transformative as the internet, maybe more,’ Gruenbaum said about artificial intelligence. ‘Right now, we’re in the human-augmentation phase, but soon agents will be able to handle tasks more independently. That raises questions of values—what data, history, and perspectives are embedded in these systems. It’s crucial that Western, American values are front and center. We need to work with allies to ensure those values shape the technology that ends up leading the world.’

The agreement, the final frontier model to be unveiled as part of the GSA’s comprehensive OneGov Strategy, will also be providing agencies with an ‘upgrade path’ to the Federal Risk and Authorization Management Program, a government compliance program standardizing security measures.

‘‘Grok for Government’ will deliver transformational AI capabilities at $0.42 per agency for 18 months, with a dedicated engineering team ensuring mission success,’ xAI cofounder Ross Nordeen said in a statement.

‘We will work hand in glove with the entire government to not only deploy AI, but to deeply understand the needs of our government to make America the world leader in advanced use of AI ‘

Gruenbaum called it ‘impressive’ from a ‘milestone perspective’ how ‘quickly we got all these frontier models onto the GSA schedules—at dollar deals or less.’

‘This one is the best value yet, and with the longest duration. That’s a big deal.’

Last month, GSA announced the launch of a new tool it says will be instrumental in enabling agencies across the federal government to efficiently implement artificial intelligence at scale and take a major step forward rolling out the president’s ‘AI Action Plan.’

The Trump administration rolled out it’s A.I. Action Plan in July after Trump ordered the federal government in January to develop a plan of action for artificial intelligence in order to ‘solidify our position as the global leader in AI and secure a brighter future for all Americans.’ 

Trump has made U.S. artificial intelligence growth a cornerstone of his administration, such as notching multi-billion deals with high-tech firms such as Oracle and OpenAI for the Stargate project, which is an effort to launch large data centers in the U.S, as well as a $90 billion energy and tech investment deal specifically for the state of Pennsylvania to make it the U.S. hub for AI. 

After completing his tenure with the Department of Government Efficiency (DOGE) in late May and a public falling out with Trump, Musk was seen sitting next to and talking with Trump at the memorial service for Charlie Kirk last weekend in Arizona, suggesting a possible rekindling of their friendship.

‘Elon came over and said hello,’ Trump said to reporters after the event. ‘I thought it was nice, he came over, we had a little conversation.’

A GSA spokesperson told Fox News Digital the agreement with xAI has been in the works for weeks. 

Fox News Digital’s Emma Colton contributed to this report

This post appeared first on FOX NEWS

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Gazan boy alive after ex-GHF ‘whistleblower’ falsely claimed IDF killed him

A young Gazan boy dubbed ‘Amir’ who traveled to a Gaza Humanitarian Foundation (GHF) distribution site and was reported as having been killed by Israeli Defense Forces (IDF) in May, has been found alive hiding out with his mother. 

Both were safely extracted from the Gaza Strip earlier this month, though the location has not been disclosed for their security.

The boy, whose full name was later discovered to be Abdul Rahim Muhammad Hamden, nicknamed Abboud, and who is 8 years old but will turn 9 in October, appeared with his mother, Najlaa, at GHF Secure Distribution Site (SDS) 3 late last month in a heavy disguise to avoid detection, a GHF representative involved in the operation confirmed to Fox News Digital.

An extensive internal operation by the GHF was launched to uncover the identity of the boy in late July after a former GHF employee, Anthony Aguilar, a 25-year veteran of the U.S. Army and retired Green Beret Lt. Col. turned alleged ‘whistleblower,’ gave a series of explosive interviews in which he said a 10-year-old boy he called Amir, was killed by IDF forces after leaving a GHF aid site on May 28. 

In his account, Aguilar showed images taken using his cellphone of the boy approaching himself and another contractor clutching bags of food and barefoot. 

The former Green Beret turned GHF contractor for UG Solutions – a subcontractor of the GHF which received $30 million in U.S. government funding to support its ‘critical work’ – described to multiple outlets an emotional encounter he had with the Palestinian child, in which he claimed the boy kissed his hand, touched Aguilar’s face, and thanked him for the supplies of rice and lentils he had found. 

But the footage taken by Aguilar and handed over to GHF officials before it was obtained by Fox News Digital, did not show this interaction ever took place.

The GHF contested Aguilar’s account on several fronts and pointed out the hand the boy kissed was that of Aguilar’s colleague standing to his left, which the footage also showed. 

When asked by Fox News Digital why he said the boy engaged with him in this manner despite what the footage shows, he maintained his story and said, ‘Amir kissed my right hand. He kissed my forehead, too. He thanked us and told us he was very hungry and thankful.’ 

In multiple interviews with various outlets, Aguilar described how the boy then returned to the group where other Palestinians were gathered at the distribution site before they were then dispersed by GHF contractors through the use of pepper spray, tear gas, stun grenades and bullets fired into the air, forcing them to flee the compound.

However, Fox News Digital was told that the GHF did not yet have access to non-lethal arms in the early days of the operations, according to a GHF colleague who was aware of Aguilar’s position at SDS 3 on May 28. 

Additionally, Aguilar claimed that once the Palestinian civilians had been pushed out of the SDS center, IDF forces then opened fire on the crowd and killed ‘Amir,’ along with other Palestinians. He reiterated this claim in an interview late last month in which he told Dialogue Works that the boy had received a ‘shot to the torso, a shot to the leg – dead.’

But the GHF challenged Aguilar’s story – including the location of where he claimed the event occurred.

In one of his first accounts of the incident on July 29 to Sen. Chris Van Hollen, D-Md., Aguilar claimed the killing happened first outside GHF aid site SDS 1 before telling MSNBC on Aug. 2 that the shooting happened near SDS 2, and then telling Dialogue Works last month the events occurred outside SDS 3. 

On Sept. 9, Chris Hayes gave an update on the report, telling viewers that the boy who was reported dead was, in fact, found to be alive. He said NBC producers had confirmed that the boy was now out of Gaza in an unnamed country. 

Multiple GHF sources confirmed that no such incident was reported at or outside SDS 1 or SDS 3, and SDS 2 was not yet even operational on May 28. 

Fox News Digital confirmed in speaking with multiple sources that Aguilar was on SDS 3 on May 28.

In comments to Fox News Digital, Aguilar said, ‘I sincerely, and with bated breath and joy, hope that Amir is alive. I’ve always said as much. I have been in contact with his family and others, and Amir’s family is not aware that he is alive, only that he is ‘gone’. 

‘I have always said that due to GHF and IDF restrictions from UG S[olutions] personnel moving beyond the concentration camp style corals extending from the North entrance, that I was NOT, say again, NOT able to verify Amir’s death,’ he said. ‘But I did in fact see Palestinians gunned down by IDF machine gun fire at the intersection of the SDS 3 exit and the military corridor, north of SDS 3, where an IDF Merkava tank was located.’

Abboud’s stepmother also later told the GHF that the boy didn’t go missing until July 28, two months after Aguilar said he had been killed.

Abboud ran away to be with his birth mother on July 28 amid a rift with his stepmother’s family, whose custody he was put in following the death of his father, per Palestinian law. 

A GHF representative involved in the operation explained the search to find Abboud became not only a matter necessary to uncover what allegedly happened on May 28, but because there was increasing concern regarding threats posed by Hamas as traction picked up around the story.

The official explained that Hamas had a vested interest in making sure this child was not found, as it would discredit Aguilar’s story that a Palestinian boy had been gunned down by Israeli forces outside a GHF site.

Ultimately, the GHF were able to locate the boy and his birth mother by speaking with local Palestinians and later, a family member who agreed to speak with the team before connecting them with Najlaa. 

She then brought Abboud to the GHF site so that she, her son, and four other male family members whose identities Fox News Digital has agreed to conceal, could be extracted from the Gaza Strip, after at least one of the male family members received direct threats from the Hamas terrorist network.

In an interview shared with Fox News Digital, Najlaa is seen sitting with Abboud and another young male, who was also set to be extracted with them, speaking with GHF officials. 

In the video, which Fox News Digital did not post to protect multiple identities, Abboud refers to Najlaa as his ‘mama’ and, according to a translation of the comments, he says he is happy to be with her while smiling and sitting next to her. 

The identities of Abboud, his mother and his relatives were verified by GHF using facial recognition software that compared the images of the boy with those captured by Aguilar. 

Facial recognition software, biometric data and the death certificate of Abboud’s father, were used by GHF to verify the family members’ identities and relationships, and were also shared with Fox News Digital.

Abboud also brought the shirt he was wearing in the footage taken by Aguilar, which is what the former GHF contractor said the boy was wearing when he was allegedly gunned down.

Aguilar did not respond to Fox News Digital regarding the intact shirt, and said, ‘the new pictures are not Amir.’

When pressed on where specifically he thought there were discrepancies in the images of the boy, he said, ‘Amir in my photos had a scar on his left clavicle. The boy featured by GHF does not. The Amir in my photos from SDS 3, does not have a scar on the right side of his forehead as the GHF’s photos show.’

The GHF representative confirmed that the boy’s scars were in fact used to verify his identity.

‘I believe that is a boy of similar appearance,’ Aguilar said, noting he believes the outcome of the investigation ‘is a lie.’

The GHF spokesperson for the organization, Chapin Fay, called Aguilar’s story regarding the boy and his alleged murder by the IDF ‘false’ during a press conference earlier this month.

Aguilar told Fox News Digital that the GHF statements made against him during a July 29 press conference were ‘libel and slanderous.’

Fay described him as a ‘disgruntled former employee’ who was ‘terminated for cause’ after he engaged in ‘volatile conflicts with staff and erratic behavior.’ 

According to text messages shared with Fox News Digital, Aguilar also did not handle being removed from his role well, and threatened in a text exchange with a GHF official that he ‘could be your best friend, or your worst nightmare’ if they didn’t ‘put [him] back to work.’

David Panzer, counsel for UG Solutions, echoed this belief in a statement he gave on July 29 in which he said, ‘Mr. Aguilar was terminated from his contract with UG Solutions on June 13, 2025, due to poor performance, volatile conflicts with staff, and erratic behavior. 

‘Since termination, Mr. Aguilar has spread a false narrative to media outlets around the world, all at the same time begging UG Solutions to hire him back,’ Panzer added. ‘Mr. Aguilar’s activities in the last several weeks make clear that he’s making good on his threats to, in his own words…be UG Solutions’s ‘worst nightmare’ if they didn’t hire him back.’

Panzer said Aguilar’s comments ‘raise[d] substantial questions of motive.’

Aguilar told Fox News Digital that the GHF statements made against him in the July 29 press conference were ‘libel and slanderous.’

This post appeared first on FOX NEWS

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Senate progressive accuses Trump of ‘mafia-style blackmail’ in shutdown fight

A Senate Democrat ripped President Donald Trump for a recently released memo that detailed mass firings in the event of a shutdown, and accused the president of engaging in ‘mafia-style blackmail.’

Sen. Chris Van Hollen, D-Md., railed against the Office of Management and Budget’s (OMB) memo sent to federal agencies this week that outlined a plan to reduce employees across the government beyond those that are typically furloughed.

While the House passed a short-term funding extension last week, Senate Republicans and Democrats are at odds over the bill. The deadline to fund the government is Sept. 30, and so far, no progress has been made to reach an agreement to keep the lights on.

Van Hollen charged that Trump ‘is engaged in mafia-style blackmail, with his threats ultimately harming the American people,’ and likened the OMB’s memo to actions taken by tech billionaire Elon Musk and his Department of Government Efficiency earlier this year that led to tens of thousands of federal employees being either fired or incentivized to retire or take a buyout.

‘He is threatening to double down on the failed actions of Elon Musk and his chainsaw — going after patriotic civil servants that provide Americans with critical services — despite having to rehire many of these workers after Americans experienced the negative impact of those cuts,’ he said.

‘These dedicated workers have nothing to do with the ongoing political and policy disputes that have brought us to the brink of a shutdown,’ Van Hollen continued. ‘These threats are not only an attack on Americans’ services and benefits, they’re also likely illegal. We’ll be fighting back with every tool we have.’

Van Hollen’s ire comes as the Trump administration is gearing up for mass firings beyond the standard furloughs in a government shutdown.

The OMB’s memo, obtained by Fox News Digital, directed that in the event lawmakers cannot pass a funding extension, or continuing resolution (CR) by the deadline, agencies should ‘use this opportunity to consider Reduction in Force (RIF) notices for all employees’ in programs that have no other available funding source and that don’t comport with Trump’s priorities.

‘RIF notices will be in addition to any furlough notices provided due to the lapse in appropriation,’ the memo read, and would be issued ‘regardless of whether the employee is excepted or furloughed during the lapse in appropriations.’

Lawmakers are set to return to Washington on Monday, just a day before the deadline to fund the government. Senate Democrats blocked the GOP’s CR last week, and demanded a seat at the table to negotiate with congressional Republican leaders and Trump.

However, Republicans have pushed back against Democrats’ counter-proposal as unserious, and are unwilling to budge on a laundry list of items tossed into their CR, which included permanently extending expiring Affordable Care Act subsidies, repealing the healthcare section of Trump’s ‘big, beautiful bill,’ and clawing back canceled funding for NPR and PBS. 

A meeting between Senate Minority Leader Chuck Schumer, D-N.Y., House Minority Leader Hakeem Jeffries, D-N.Y., and Trump was set for Thursday, but the president canceled, and accused Democrats of ‘ridiculous’ demands in their counteroffer to the GOP’s plan. 

This post appeared first on FOX NEWS

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NevGold Releases Significant Oxide Gold-Antimony Results: 11.41 g/t AuEq Over 6.1 MetersWithin 2.19 g/t AuEq Over 56.4 Metersat the Limousine Butte Project, Nevada

Nevgold Corp. (‘ NevGold ‘ or the ‘ Company ‘) ( TSXV:NAU,OTC:NAUFF) (OTCQX:NAUFF) (Frankfurt:5E50 ) is pleased to announce further significant historic oxide gold-antimony (‘Antimony’, ‘Sb’) results at its Limousine Butte Project (the ‘Project’, ‘Limo Butte’) in Nevada. The Company continues to expand the gold-antimony potential of the Project, highlighting its promising prospects for further exploration and development in Nevada, one of the world’s prolific mining jurisdictions.

Key Highlights

  • More high-grade oxide gold-antimony at Resurrection Ridge including:
    • RR03_01: 11.41 g/t AuEq* over 6.1 meters (10.60 g/t Au and 0.18% Sb), within 2.19 g/t AuEq* over 56.4 meters (1.74 g/t Au and 0.10% Sb)
    • LB010: 3.19 g/t AuEq* over 26.2 meters (2.24 g/t Au and 0.21% Sb), within 2.16 g/t AuEq* over 57.2 meters (1.45 g/t Au and 0.16% Sb)
    • LB028: 4.62 g/t AuEq* over 6.1 meters (0.14 g/t Au and 1.0% Sb) within 0.66 g/t AuEq* over 128.0 meters (0.06 g/t Au and 0.13% Sb)
    • LB133: 1.78 g/t AuEq* over 12.2 meters (0.11 g/t Au and 0.37% Sb)
    • *Gold equivalents (‘AuEq’) are based on assumed metals prices of US$2,000/oz of gold and US$35,000 per tonne of antimony (~30% discount to current spot prices), and assumed metals recoveries of 85% for gold and 70% for antimony.
  • The Company has completed 8 drillholes in the current 2025 drill campaign with assays pending ; based on drilling completed by the Company at the Project since 2021, and historical drilling completed by previous operators, there is strong potential to advance to an initial gold-antimony Mineral Resource Estimate in 2025 (‘MRE’) (see Figure 1, Figure 2)
  • Phase II metallurgical testwork on gold and antimony continues to advance with results expected over the coming weeks

Limo Butte Planned 2025 Activities / Status Update
NevGold will continue its active exploration program at Limo Butte including:

  • Evaluate the historical geological database with focus on gold and antimony (completed) ;
  • Analyze historical drilling with focus on gold and antimony (continuous activity) ;
  • Advance metallurgical testwork (in progress, Phase II results in coming weeks) ;
  • Continue to drill test gold-antimony targets (ongoing, 8 drillholes completed to date) ;
  • Advance initial gold-antimony Mineral Resource Estimate (MRE) (in progress) .

NevGold CEO, Brandon Bonifacio, comments: ‘We continue to add to the large oxide gold-antimony mineralization footprint at Limo Butte in Nevada with the objective of rapidly advancing the Project to an initial gold-antimony Mineral Resource Estimate (MRE) . There is a clear commitment from the United States to advance high-quality, domestic, mineral projects and Limo Butte is optimally positioned with its significant near-surface, oxide gold-antimony mineralization and large geological database. The current 2025 drill program is positively advancing with 8 holes completed and assays pending . Another key milestone that we are driving forward is the Phase II metallurgical testwork building on our positive results from Phase I . All of these various work programs will help us rapidly and systematically advance the gold-antimony potential at Limo Butte as we de-risk and progress the asset to the next stages of project development.’

Figure 1 – Limousine Butte Gold-Antimony Project with selected gold-antimony drillhole results.
To view image please click here

Figure 2 – Limousine Butte Gold-Antimony Project cross-section with selected gold-antimony drillhole results. Thin colored discs show Antimony (Sb ppm) in drilling, and wide colored discs show Gold (Au ppm) in drilling.
To view image please click here

Figure 3 – Limousine Butte Gold-Antimony Project with selected gold-antimony drillhole results at Resurrection Ridge and Cadillac Valley. The total strike length between Resurrection Ridge and Cadillac Valley is +5km.
To view image please click here

Historical and Re-Assayed Drill Results

Hole ID Length, m* g/t Au % Sb g/t AuEq** From, m To, m
Resurrection Ridge
RR03_01 56.4 1.74 0.10% 2.19 85.3 141.7
including 6.1 10.60 0.18% 11.41 126.5 132.6
LB010 57.2 1.45 0.16% 2.16 13.0 70.1
including 26.2 2.24 0.21% 3.19 17.1 43.3
LB028 128.0 0.06 0.13% 0.66 36.6 164.6
including 6.1 0.14 1.00% 4.62 42.7 48.8
LB133 12.2 0.11 0.37% 1.78 182.9 195.1
LB031 80.8 0.10 0.08% 0.44 30.5 111.3
including 18.3 0.19 0.15% 0.88 30.5 48.8
LB025 16.8 0.12 0.10% 0.55 128.0 144.8

*Downhole thickness reported; true width varies depending on drill hole dip and is approximately 70% to 90% of downhole thickness.
**The gold equivalents (‘AuEq’) are based on assumed metals prices of US$2,000/oz of gold and US$35,000 per tonne of antimony (~30% discount to current spot prices), and assumed metals recoveries of 85% for gold and 70% for antimony.

Drillhole Orientation Details

Hole ID Target Zone Easting Northing Elevation (m) Length (m) Azimuth Dip
RR03_01 RR 667246 4417388 2176 182.8 161 -70
LB010 RR 667229 4417327 2187 82.2 90 -50
LB028 RR 667060 4417254 2164 237 70 -60
LB133 RR 666661 4417217 2102 240.8 140 -50
LB031 RR 667142 4417273 2173 259.1 225 -60
LB025 RR 667023 4417193 2167 176.7 0 -90

Limo Butte Geology & Antimony Summary
A review of historical geochemical and drilling data at the Limousine Butte Project has identified multiple areas with strong gold-antimony potential. These zones correlate closely with outcrops of the Devonian Pilot Shale, the primary host rock for Carlin-type gold mineralization in the area. Positive gold grade at Limousine Butte is typically associated with silicification and the formation of jasperoid breccias within the Pilot Shale, an alteration feature also observed in the positive antimony results.

Through the Project data review, the Company uncovered reports detailing two small-scale historic mining operations at the Nevada Antimony Mine and Lage Antimony Prospect within the Limo Butte Project boundary. (Figure 1) The Nevada Antimony Mine featured two prospect pits that extracted stibnite (formula: Sb 2 S 3 ) from a hydrothermal breccia. The Lage Antimony Prospect reported historical additional prospect pits extracting antimony.

Historical geochemical rock chip sampling within the past-producing Golden Butte pit from a Brigham Young University (‘BYU’) Thesis study produced numerous results that exceeded 1% antimony in jasperoid breccias (see Figure 1). Several results were greater than 5% antimony, including a sample of 9.6% antimony with visible stibnite and stibiconite . BYU Thesis Report

Figure 4 – Limousine Butte Project with historical antimony in rock chips and soils. The total strike length between Resurrection Ridge and Cadillac Valley is +5km. To view image please click here

US Executive Order – Announced March 20, 2025
The Company is pleased to report the sweeping Executive Order to strengthen American mineral production and reduce U.S. reliance on foreign nations for its mineral supply . Antimony (Sb) has been identified as an important ‘Critical Mineral’ in the United States essential for national security, clean energy, and technology applications, yet no domestically mined supply currently exists.

The Executive Order invokes the use of the Defense Production Act as part of a broad United States (‘US’) Government effort to expand domestic minerals production on national security grounds. As it relates to project permitting, the Order states that it will ‘identify priority projects that can be immediately approved or for which permits can be immediately issued, and take all necessary or appropriate actions…to expedite and issue the relevant permits or approvals.’ Furthermore, the Order includes provisions to accelerate access to private and public capital for domestic projects, including the creation of a ‘dedicated mineral and mineral production fund for domestic investments’ under the Development Finance Corporation (‘DFC’).

This decisive action by the US Government highlights the urgent need to expand domestic minerals output to support supply chain security in the United States. This important Order will help revitalize domestic mineral production by improving the permitting process and providing financial support to qualifying domestic projects.

Importance of Antimony
Antimony is considered a ‘Critical Mineral’ by the United States based on the U.S. Geological Survey’s 2022 list (U.S.G.S. (2022)). ‘Critical Minerals’ are metals and non-metals essential to the economy and national security. Antimony is utilized in all manners of military applications, including the manufacturing of armor piercing bullets, night vision goggles, infrared sensors, precision optics, laser sighting, explosive formulations, hardened lead for bullets and shrapnel, ammunition primers, tracer ammunition, nuclear weapons and production, tritium production, flares, military clothing, and communication equipment. Other uses include technology (semi-conductors, circuit boards, electric switches, fluorescent lighting, high quality clear glass and lithium-ion batteries) and clean-energy storage.

Globally, approximately 90% of the world’s current antimony supply is produced by China, Russia, and Tajikistan. Beginning on September 15, 2024, China, which is responsible for nearly half of all global mined antimony output and dominates global refinement and processing, announced that it will restrict antimony exports. In December-2024, China explicitly restricted antimony exports to the United States citing its dual military and civilian uses, which further exacerbated global supply chain concerns. (Lv, A. and Munroe, T. (2024)) The U.S. Department of Defense (‘DOD’) has designated antimony as a ‘Critical Mineral’ due to its importance in national security, and governments are now prioritizing domestic production to mitigate supply chain disruptions. Projects exploring antimony sources in North America play a key role in addressing these challenges.

Perpetua Resources Corp. (‘Perpetua’) has the most advanced domestic gold-antimony project in the United States. Perpetua’s project, known as Stibnite, is located in Idaho approximately 130 km northeast of NevGold’s Nutmeg Mountain and Zeus projects. Positive advancements at Stibnite including the technical development and permitting has led to US$75 million in Department of Defense (‘DOD’) awards, and over $1.8 billion in indicative financing from the Export Import Bank of the United States (‘US EXIM’) ( see Perpetua Resources News Release from April 8, 2024 ) (Perpetua Resources. (2025))

Figure 5 – Limousine Butte Land Holdings and District Exploration Activity To view image please click here

ON BEHALF OF THE BOARD

‘Signed’

Brandon Bonifacio, President & CEO

For further information, please contact Brandon Bonifacio at bbonifacio@nev-gold.com, call 604-337-4997, or visit our website at www.nev-gold.com .

Historical Data Validation
NevGold QA/QC protocols are followed on the Project and include insertion of duplicate, blank and standard samples in all drill holes. A 30g gold fire assay and multi-elemental analysis ICP-OES method was completed by ISO 17025 certified American Assay Labs, Reno.

The Company’s Qualified Person (‘QP’), Greg French, Vice President, Exploration has completed a review of the historical data in this press release. The historic data collection chain of custody procedures and analytical results by previous operators appear adequate and were completed to industry standard practices. For the Newmont and US Gold data a 30g gold fire assay and multi-elemental analysis ICP-OES method MS-41 was completed by ISO 17025 certified ALS Chemex, Reno or Elko Nevada.

Geochemical ICP (5g) analysis for the Wilson, Christianson and Tingey report was completed by Geochemical Services Inc. and the XRF analyses (glass disk or pellets) by Brigham Young University.

Technical information contained in this news release has been reviewed and approved by Greg French, CPG, the Company’s Vice President, Exploration, who is NevGold’s Qualified Person under National Instrument 43-101 and responsible for technical matters of this release.

About the Company
NevGold is an exploration and development company targeting large-scale mineral systems in the proven districts of Nevada and Idaho. NevGold owns a 100% interest in the Limousine Butte and Cedar Wash gold projects in Nevada, and the Nutmeg Mountain gold project and Zeus copper project in Idaho.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward Looking Statements

This news release contains forward-looking statements that are based on the Company’s current expectations and estimates. Forward-looking statements are frequently characterized by words such as ‘plan’, ‘expect’, ‘project’, ‘intend’, ‘believe’, ‘anticipate’, ‘estimate’, ‘suggest’, ‘indicate’ and other similar words or statements that certain events or conditions ‘may’ or ‘will’ occur. Forward-looking statements include, but are not limited to, the proposed work programs at Limousine Butte, and the exploration potential at Limousine Butte. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements. Such risks include, but are not limited to, general economic, market and business conditions, and the ability to obtain all necessary regulatory approvals. There is some risk that the forward-looking statements will not prove to be accurate, that the management’s assumptions may not be correct or that actual results may differ materially from such forward-looking statements. Accordingly, readers should not place undue reliance on the forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.

References

Blackmon, D. (2021) Antimony: The Most Important Mineral You Never Heard Of. Article Prepared by Forbes.

Kurtenbach, E. (2024) China Bans Exports to US of Gallium, Germanium, Antimony in response to Chip Sanctions . Article Prepared by AP News.

Lv, A. and Munroe, T. (2024) China Bans Export of Critical Minerals to US as Trade Tensions Escalate . Article Prepared by Reuters.

Lv, A. and Jackson, L. (2025) China’s Curbs on Exports of Strategic Minerals . Article Prepared by Reuters.

Perpetua Resources. (2025) Antimony Summary . Articles and Videos Prepared by Perpetua Resources.

Sangine, E. (2022) U.S. Geological Survey, Mineral Commodity Summaries, January 2023 . Antimony Summary Report prepared by U.S.G.S

U.S.G.S. (2022) U.S. Geological Survey Releases 2022 List of Critical Minerals . Reported Prepared by U.S.G.S

Wilson, D.,J., Christiansen, E., H., and Tingey, D., G., 1994, Geology and Geochemistry of the Golden Butte Mine- A Small Carlin- Type Gold Deposit in Eastern Nevada: Brigham Young University Geology Studies, v.40, P.185-211. BYU V.40 P.185-211.

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Locksley Names Industry Veterans CEO and COO to Fast-Track its US Mine-to-Market Effort

Locksley Resources Limited (ASX: LKY,OTC:LKYRF; OTCQB: LKYRF) announced the appointment of Kerrie Matthews as Chief Executive Officer (CEO) and Danny George as Chief Operating Officer (COO) of the company. The appointments are newly-created positions and significantly strengthen the company’s executive leadership team at a pivotal time as Locksley advances the Desert Antimony Mine in Mojave . The two bring skill sets that can lead the company as it accelerates downstream processing and fast-tracks its mine-to-market solutions for antimony in the U.S. More information is available here: https:cdn-api.markitdigital.comapiman-gatewayASXasx-research1.0file2924-02998095-6A1285815&v=c2533a54e2514fb77a8f93f84db686e1125273e9

‘The combined backgrounds of these two individuals in critical minerals, major project delivery and contract mining enable Locksley to address one of the most pressing US supply constraints: the absence of large-scale commercial antimony processing capacity,’ said Pat Burke , chairman of Locksley. ‘Their appointments significantly enhance our executive capability at a pivotal moment for Locksley, supporting our strategy to transform the historic Desert Antimony Mine into a modern, fully integrated mine-to-market supply chain for 100% Made in America Antimony.’

Ms. Matthews is a highly accomplished executive leader with more than two decades of experience delivering significant and capital-intensive projects in the resources and infrastructure sectors. She has held leadership roles in the execution of BHP’s US$3.8 billion South Flank Project and Iluka’s A$1.8 billion Eneabba Rare Earths Refinery, Australia’s first fully integrated rare earths refinery. She brings extensive expertise in governance, stakeholder alignment, cost optimization and regulatory engagement, alongside her proven record of aligning large scale projects with both commercial and government priorities.

Mr. George is an experienced senior executive with a global background spanning all phases of project execution across mining, energy and infrastructure. His past experience includes major projects with WSP, Fortescue, Mineral Resources, Thyssenkrupp and Ausenco, working with leading companies such as Vale, BHP and Hancock Prospecting. His track record includes copper and lithium concentrators, iron ore and coal export facilities, as well as emerging technology projects in hydrogen and green iron. His technical breadth and expertise in rapid project delivery, capital efficiency and large-scale project execution provide Locksley with the operational discipline and agility required to advance the Desert Antimony Mine project on an accelerated schedule.

The company also announced that Julian Woodcook has resigned as technical director to focus on his Managing Director role at Viking Mines Ltd. He has been instrumental in the rapid advancement of the Company’s Mojave Project and will continue to offer strategic guidance to the company in a technical consulting capacity.

Locksley Resources ( https://www.locksleyresources.com.au ) 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 earths elements (REE) and antimony (The Desert Antimony Mine). The company also has a strategic collaboration with Rice University to develop DeepSolv for domestic processing of North American antimony. This agreement is a cornerstone 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 to download multimedia: https://www.prnewswire.com/news-releases/locksley-names-industry-veterans-ceo-and-coo-to-fast-track-its-us-mine-to-market-effort-302566544.html

SOURCE Locksley Resources

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Fortune Minerals Announces David Massola Has Rejoined the Company as Vice President Business Development

Building the team to advance the NICO Critical Minerals Project to a construction decision

Fortune Minerals Limited (TSX: FT,OTC:FTMDF) (OTCQB: FTMDF) (‘ Fortune ‘ or the ‘ Company ‘) ( www.fortuneminerals.com ) is pleased to announce that Mr. David Massola has rejoined the Company as Vice President, Business Development to assist with the transition of the vertically integrated NICO cobalt-gold-bismuth-copper critical minerals project (‘ NICO Project ‘) to project finance and development. David Massola is a seasoned mining industry financial executive with decades of experience working for large multinational mining and processing companies, junior mining companies, and developers, including significant work in Canada’s northern territories. Dave will be based in Toronto and will help the Company with its strategic and financial planning, assist with joint ventures, corporate and project finance, and he will lead the negotiations for First Nation Participation Agreements and business relationships.

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David Massola graduated from San Francisco State University with a degree in Accounting before embarking on a twenty-year career with BHP Group Limited (‘ BHP ‘) and its predecessors, the world’s largest mining company by market capitalization. This included work at the corporate office in San Francisco, the Escondida Copper Mine in Chile, the Island Copper Mine in British Columbia, and the Ekati Diamond Mine in the Northwest Territories (‘ NWT ‘), the latter for which he was Chief Financial Officer (‘ CFO ‘) of BHP Diamonds Inc. David left BHP to become Vice President and CFO of DeBeers Canada Corporation, which was developing two diamond mines in the NWT and Ontario at the time. His recent experience included roles as Senior Vice President of Finance and CFO of GlobeStar Mining Corp., where he was involved with the financing, construction and operation of a copper-gold mine in the Dominican Republic, and for which he also negotiated its subsequent sale. He was also President and Chief Executive Officer (‘ CEO ‘) of Continental Nickel Ltd., which was developing a mine in Tanzania, and led the negotiations for its subsequent takeover. David also served as Vice President, Business Development, and later as CEO of GoldQuest Mining Corporation that is developing a gold mine in the Dominican Republic, and he was Fortune’s Vice President of Finance and CFO from 2016 to 2020.

David Massola’s financial and business acumen will complement Fortune as the Company advances the NICO Project to a construction decision. The NICO Project is a development stage asset comprised of a planned mine and concentrator in the NWT and a dedicated hydrometallurgical facility in Alberta where concentrates from the mine, and other feed sources, will be processed to make cobalt sulphate, gold doré, bismuth ingots, and copper cement for the energy transition, new technologies and defence. The NICO Project will produce value-added products from three critical minerals, and there is 1.1 million ounces of in-situ gold in the deposit as a countercyclical co-product to mitigate metal price volatility.

About Fortune Minerals:

Fortune is a Canadian mining company focused on developing the vertically integrated NICO cobalt-gold-bismuth-copper critical minerals project in Canada. The NICO Project is an advanced development stage asset consisting of a planned mine and concentrator in the Northwest Territories and a dedicated hydrometallurgical facility in Alberta’s Industrial Heartland Association north of Edmonton. Fortune also owns the Sue-Dianne copper-silver-gold satellite deposit located 25 km north of the NICO deposit and is a potential future source of incremental mill feed to extend the life of the NICO mill and concentrator.

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This press release contains forward-looking information and forward-looking statements within the meaning of applicable securities legislation. This forward-looking information includes statements with respect to, among other things, the Company’s plans to develop the NICO Project, negotiation of joint ventures and participation agreements, and securing financing. Forward-looking information is based on the opinions and estimates of management as well as certain assumptions at the date the information is given (including, in respect of the forward-looking information contained in this press release, assumptions regarding: the Company’s ability to complete construction of a NICO Project refinery; the Company’s ability to arrange the necessary financing to continue operations and develop the NICO Project; the receipt of all necessary regulatory approvals for the construction and operation of the NICO Project, including the planned NICO cobalt-gold-bismuth-copper mine and concentrator and the timing thereof; the time required to construct the NICO Project; and the economic environment in which the Company will operate in the future, including the price of gold, cobalt and other by-product metals, anticipated costs and the volumes of metals to be produced at the NICO Project). However, such forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. These factors include the risks that global geopolitical situations may interfere with the Company’s ability to continue development of the NICO Project, the Company may not be able to finance and develop NICO on favourable terms or at all, uncertainties with respect to the receipt or timing of required permits, approvals and agreements for the development of the NICO Project, including the related hydrometallurgical refinery, the construction of the NICO Project may take longer than anticipated, the Company may not be able to secure offtake agreements for the metals to be produced at the NICO Project, the Sue-Dianne Property may not be developed to the point where it can provide mill feed to the NICO Project, the inherent risks involved in the exploration and development of mineral properties and in the mining industry in general, the market for products that use cobalt or bismuth may not grow to the extent anticipated, the future supply of cobalt and bismuth may not be as limited as anticipated, the risk of decreases in the market prices of cobalt, bismuth and other metals to be produced by the NICO Project, discrepancies between actual and estimated Mineral Resources or between actual and estimated metallurgical recoveries, uncertainties associated with estimating Mineral Resources and Reserves and the risk that even if such Mineral Resources prove accurate the risk that such Mineral Resources may not be converted into Mineral Reserves once economic conditions are applied, the Company’s production of cobalt, bismuth and other metals may be less than anticipated and other operational and development risks, market risks and regulatory risks. Readers are cautioned to not place undue reliance on forward-looking information because it is possible that predictions, forecasts, projections, and other forms of forward-looking information will not be achieved by the Company. The forward-looking information contained herein is made as of the date hereof and the Company assumes no responsibility to update or revise it to reflect new events or circumstances, except as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250925340120/en/

For further information please contact:
Fortune Minerals Limited
Troy Nazarewicz
Investor Relations Manager
info@fortuneminerals.com
Tel: (519) 858-8188
www.fortuneminerals.com

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Canada One Reviews Property Acquisition Opportunities

Canada One Mining Corp. (TSXV: CONE) (OTC Pink: COMCF) (FSE: AU31) (‘Canada One’ or the ‘Company’) is pleased to announce that it is reviewing property acquisition opportunities within the Princeton and broader Quesnel Trough area in British Columbia.

Peter Berdusco, President and CEO of the Company commented: ‘The Quesnel Trough remains one of Canada’s premier copper belts, and we see room to expand our land package with assets that meet our technical thresholds. We’ll remain selective and cost-conscious, prioritizing properties that can complement our Flagship Copper Dome Project, accelerate our path to meaningful catalysts, and further entrench our footprint in the area.’

About The Copper Dome Project

The Project lies within the lower portion of the Quesnel Trough porphyry belt, a well-established mining district. The belt extends north from the Copper Mountain Mine, through the Elk, Brenda, Craigmont, Highland Valley, and New Afton mines. Past exploration on the Property has identified the presence of copper, palladium, and gold mineralization. Multiple mineralized zones have been discovered on the Property to date. Excellent infrastructure provides year-round access with low-cost exploration and low jurisdictional risk.

Amended Agreement

The investor relations and corporate development agreement with Rob Christl Consulting, first announced July 4th, 2025 has been amended. The bonus clause has been removed. In addition, the agreement will automatically renew at the one-year anniversary date on a month-to-month basis, under the same terms, if there are any changes to the agreement, it will be subject to the prior approval of the TSXV. The Company will pre-approve all expenses by Rob Christl Consulting.

About Canada One

Canada One is a junior resource exploration company operating in Canada. From exploration to discovery, to resource development, the Company is focused on creating growth and generating value for its investors and communities as it meets the growing global demand for critical metals. Copper Dome is the Company’s flagship project with its northern border situated 1.5km from the operating Copper Mountain Mine deposits.

Contact Us

For further information, interested parties are encouraged to visit the Company’s website at www.canadaonemining.com, or contact the Company by email at info@canadaonemining.com, or by phone at 1.877.844.4661.

On behalf of the Board of Directors of

Canada One Mining Corp.

Peter Berdusco
President
Chief Executive Officer
Interim Chief Financial Officer

Forward-Looking Statements

This press release includes certain ‘forward-looking information’ and ‘forward-looking statements’ (collectively ‘forward-looking statements’) within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein, without limitation, statements relating to the future operating or financial performance of the Company, are forward looking statements. Forward-looking statements are frequently, but not always, identified by words such as ‘expects’, ‘anticipates’, ‘believes’, ‘intends’, ‘estimates’, ‘potential’, ‘possible’, and similar expressions, or statements that events, conditions, or results ‘will’, ‘may’, ‘could’, or ‘should’ occur or be achieved. Forward-looking statements in this press release relate to, among other things: statements relating to the anticipated timing thereof and the intended use of proceeds. Actual future results may differ materially. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the respective parties, are inherently subject to significant business, technical, economic, and competitive uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: the timing, completion and delivery of the referenced assessments and analysis. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these times. Except as required by law, the Company does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.

TSX Venture Exchange Disclaimer

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/267963

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Crypto Market Update: SEC Clears Path for Crypto ETFs, Hyperliquid Launches Stablecoin

Here’s a quick recap of the crypto landscape for Wednesday (September 24) as of 9:00 p.m. UTC.

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

Bitcoin and Ether price update

Bitcoin (BTC) was priced at US$113,474, trading 1.5 percent higher over the past 24 hours. Its lowest valuation of the day was US$1112,937, while its highest was US$113,941.

Bitcoin price performance, September 24, 2025.

Chart via TradingView.

Bitcoin has struggled to hold support near the US$111,600 to US$113,000 level amid growing seller pressure and a recent long liquidation event. However, the popular cryptocurrency recently staged a rebound to US$113,900, fueled by bullish divergences on the relative strength index and key technical levels. Crypto Chase notes that this signals a possible trend reversal if Bitcoin convincingly holds above US$113,400 to US$114,000.

Meanwhile, Bitcoin’s weekly Bollinger Bands are at their tightest level ever, signaling record-low volatility and the possibility of an imminent breakout. A confluence of dynamics points to a critical juncture for Bitcoin’s near-term trend, with downside risks balanced against strong seasonal potential for an “Uptober” rally.

Trader Ted Pillows highlights a large US$17.5 billion Bitcoin options expiry with “max pain” at US$107,000, suggesting Bitcoin could dip toward this level before a potential rebound. Trader Daan Crypto Trades anticipates heightened volatility with possible retests of US$107,000 and a volatile close to September, historically a weak month for Bitcoin.

Bitcoin dominance in the crypto market is 56.03 percent, showing a slight rise week-on-week.

For its part, Ether (ETH) was priced at US$4,163.18, trading 0.2 percent higher over the past 24 hours and near its lowest valuation of the day, which was US$4,158. Its price peaked at US$4,199.55.

Responding to comments made by Ben Horowitz, co-founder of Andreessen Horowitz, regarding the significance of artificial intelligence (AI) in blockchain economics, BitMine, the largest corporate holder of Ether, said Ether could enter a “supercycle” driven by growing Wall Street adoption and the rise of agentic AI platforms, which may catalyze an extended market cycle beyond traditional Bitcoin halving cycles.

Crypto derivatives and market indicators

Total Bitcoin futures open interest was at 719.56K BTC (equivalent to US$81.64 billion), down by 0.11 percent over four hours. Ether open interest was at 1380 million ETH, or US$57.39 billion, down 0.12 percent in four hours.

The perpetual funding rate was at -0.003 percent for Bitcoin and Ether, indicating bearish sentiment.

Bitcoin liquidations have reached US$2.65 million over the past four hours, with shorts representing the majority, signaling ongoing buying pressure. Ether liquidations show a divergent pattern, with US$2.65 million in short positions representing the vast majority of US$3.09 million liquidations over four hours.

Altcoin price update

  • Solana (SOL) was priced at US$213.40, a slight decrease of 0.6 percent over the last 24 hours. Its lowest valuation of the day was US$211.88, while its highest value was US$215.94.
  • XRP was trading for US$2.98, up by 4.6 percent to its highest valuation of the day. Its lowest was US$2.88 at the market’s open.

Fear and Greed Index snapshot

CMC’s Crypto Fear & Greed Index has remained firmly in neutral territory over the past week.

The index currently stands around 39, dipping into ‘fear’ territory for the first time in three weeks.

CMC Crypto Fear and Greed Index, Bitcoin price and Bitcoin volume.

Chart via CoinMarketCap.

Today’s crypto news to know

Aster gains steam, Hyperliquid launches stablecoin

Aster, a new DEX on Binance’s BNB Chain, has seen its open interest explode by almost 33,500 percent this week, increasing to US$1.2 billion at the time of this writing, according to CoinGlass data.

Aster has also accumulated US$2.01 billion TVL and over US$29 billion in perp volume over 24 hours, more than its biggest competitor, Hyperliquid, whose volume has reached US$10.09 billion in the same period.

Aster’s rapid growth challenges Hyperliquid, a top DEX for decentralized perpetual futures, which has seen the value of its HYPE token fall from US$59 to around US$45 in less than two weeks. Hyperliquid’s late 2024 token launch fueled a 2025 surge in decentralized perpetual futures trading, surpassing US$4.5 trillion.

Meanwhile, Hyperliquid launched its own stablecoin on Wednesday, with issuance rights awarded to Native Markets following a competitive governance bidding process. The 24 hour volume reached approximately 1.94 million.

Issuing its own stablecoin allows Hyperliquid to offer users a reliable digital dollar to use within its ecosystem for trading, lending and other financial activities, strengthening its position in the market.

SEC opens door to new wave of crypto ETFs

The US Securities and Exchange Commission has streamlined its rules for launching crypto exchange-traded funds (ETFs), paving the way for a flood of new products. Asset managers are already filing for ETFs tied to Solana, XRP and other tokens, which could arrive as early as October. Under the new framework, issuers no longer face a lengthy case-by-case review, cutting approval times from up to nine months to as little as 75 days.

Industry leaders say this will accelerate competition and lower barriers for investors seeking exposure to digital assets.

Grayscale was first to move, debuting a multi-coin ETF just two days after the rule change. Analysts anticipate that more launches will be announced before the year ends.

Record raise could give Tether US$500 billion valuation

Stablecoin giant Tether is reportedly seeking as much as US$20 billion from private investors in what could be one of the largest funding rounds in financial history, according to Bloomberg. The raise would give the company a valuation near US$500 billion, putting it in the same league as global tech leaders like SpaceX and OpenAI.

Executives say the capital would fuel expansion beyond the company’s core USDT stablecoin, into energy, AI, commodities trading and communications. Tether’s flagship token dominates the sector with a market capitalization above US$173 billion, more than twice that of its nearest competitor, USDC. The firm is also preparing to relaunch a compliant US dollar stablecoin, USAT, under the country’s new regulatory framework.

Ethereum co-founder warns against ‘closed tech’ in public systems

Ethereum co-founder Vitalik Buterin has raised concerns that closed, proprietary technologies are consolidating power in ways that threaten open innovation. In a recent blog post, he argues that closed systems across healthcare, identity and civic infrastructure create environments ripe for monopolies and abuse.

Buterin urged wider adoption of “full-stack openness,” including stronger copyleft licensing that forces companies to share improvements to open-source software. He also called for transparency in hardware and biological monitoring, citing pandemic-era vaccine distribution as an example of inequality driven by centralized control.

His comments come as the Ethereum Foundation and Solana Policy Institute collectively pledged US$1 million in legal support for Tornado Cash developer Roman Storm.

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.

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