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A Senate Republican warned Monday that Congress would likely have to change the law following deep Medicaid cuts in President Donald Trump’s ‘big, beautiful bill.’

Sen. Susan Collins, R-Maine, said during an appearance at the Global Health Innovation Forum at Massachusetts General Hospital in Boston that ‘pressure’ would grow over time for lawmakers to make a change to the megabill’s steep cuts to Medicaid.

She said she supported other big-ticket items in the bill, like extending provisions from Trump’s 2017 Tax Cuts and Jobs Act and the beefing up of Medicaid’s work requirement.

But Collins argued that while there should be an effort to trim the costs of Medicaid and Medicare in the country, the deep, nearly $1 trillion cuts to Medicaid would hurt Americans.

‘They don’t go into effect next year, they go into effect the following year,’ Collins said. ‘But a year is not going to make any difference at all, and I’m just very concerned that people who need the care aren’t going to get it.’

Collins warned that once ‘we start seeing Americans getting sicker as a result of this, having delayed treatment because they no longer have the coverage,’ then lawmakers will have to take a better look at the cuts they greenlit in June.

‘I don’t see the states having the ability to step up and fill the gap here. I just don’t. Even wealthy states,’ she said. ‘I just don’t see that happening. And as the implications of the bill become better known, I think there’s going to be tremendous pressure on Congress to change the law. But we’re going to need the evidence, the stories, the research that didn’t occur.’

She was one of only three Senate Republicans — the others were Sens. Rand Paul, of Kentucky, and Thom Tillis, of North Carolina — to vote against the colossal package in June. At the time, she cited Medicaid cuts as the key reason behind her decision not to back the bill.

Collins noted that before the bill ever went to the floor for what would become a marathon, 29-hour vote-a-rama before final passage in the upper chamber, she told both Republican leaders in the Senate and officials at the White House that she was a hard ‘no’ unless changes were made to the bill.

She offered leaders and the administration a list of 10 items she took issue with, including cuts that would affect rural hospitals. Maine has 32 rural hospitals, she said, with one having just been closed.

‘We have five that are teetering on the brink of closure because they’re already in trouble, because the Medicaid reimbursements are not high enough, and also because of population changes,’ she said.

Collins and other skeptics of the Medicaid cuts, including Sen. Josh Hawley, R-Mo., did notch a minor victory with the inclusion of a $50 billion rural hospital fund to help offset the broader cuts — and she vowed to pressure Centers for Medicare and Medicaid Services Director Mehmet Oz to hustle that funding out the door.

Still, in a state like Maine, which has roughly 31% of the population on Medicaid, she worried that the cuts would see hospitals shoulder more of the costs of care.

‘These cuts, I worry, are going to be devastating for states like Maine, for the people who rely on it,’ Collins said. ‘But you know, a lot of those individuals are still going to show up in the hospital emergency room.’

‘They won’t have been getting the care that they need to keep them out of the hospital emergency room,’ she continued. ‘They’re going to be coming to you with their problems, and they’re not going to be covered by Medicaid, and the problem with that is it’s going to be uncompensated care for hospitals.’

Fox News Digital reached out to the White House for comment but did not immediately hear back. 

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President Donald Trump doubled down on his demand that European nations cease all energy purchases from Russia as he mulls his first sanctions on Moscow since re-entering office amid its war in Ukraine.

Speaking to reporters Sunday evening, Trump said European nations, especially those in NATO, are not doing enough to counter Russia, despite the new round of sanctions enacted by the EU last week. 

‘They’re not doing the job. NATO has to get together. Europe has to get together,’ Trump said. ‘Europe… they’re my friends, but they’re buying oil from Russia, so we can’t be expected to be the only ones that are, you know, full bore.’ 

‘Europe is buying oil from Russia. I don’t want them to buy oil,’ he continued, noting that the sanctions Europe has issued on Russia and Russian officials ‘are not tough enough.’

 ‘I’m willing to do sanctions, but they’re going to have to toughen up their sanctions commensurate with what I’m doing,’ Trump confirmed. 

While European nations have drastically cut their reliance on Moscow’s oil following Russian President Vladimir Putin’s February 2022 invasion of Ukraine, they have not cut it off entirely – particularly nations like Hungary, Slovakia, France, Belgium and Spain, which are Europe’s top importers of Russian energy. 

Hungary – whose president remains friendly with Putin despite being a NATO nation – is Europe’s chief importer of Russian crude oil and pipeline gas, purchasing more than double any other European nation’s Russian energy imports.

France, which is the second-largest European purchaser of Russian energy, continues to import liquefied natural gas (LNG), which has largely bypassed EU sanctions, in part due to long-standing legally binding commitments.

These agreements mean Paris has committed to ‘take-or-pay’ contracts through the early 2030s or would face arbitration or penalties. Reporting suggests, however, that the LNG imports are not only slated for French consumption, but are also being passed on to third-party nations like Germany.

Last month, the EU’s Data Protection Authority confirmed that the bloc had imported nearly $5.2 billion worth of Russian LNG in the first half of 2025. 

Trump’s comments came just one day after he sent a letter to NATO that said he is ‘ready to do major sanctions on Russia when all NATO Nations have agreed, and started, to do the same thing, and when all NATO nations stop buying oil from Russia,’ according to a post he made on Truth Social. 

But when asked on Sunday about his plans to hit Russia with additional U.S. sanctions – which have not been expanded since the Biden administration – he suggested Europe might need to stop all LNG imports as well.

The president claimed that all Russian imports are supposed to be barred at this time and said, ‘The deal is, they’re not supposed – whether it’s natural gas or whether it’s cigarettes, I don’t care – they’re not supposed to be buying from Russia.’

The president didn’t expand on which deal he was referring to, and he didn’t comment on the U.S.’s $2.1 billion worth of Russian imports it has purchased in the first five months of 2025, largely consisting of enriched uranium, palladium and fertilizers. 

In addition, he called on NATO allies to hit China with ‘50% to 100% tariffs’ that he said would be withdrawn only after the war in Ukraine concluded – a rate which is currently higher than the 30% tariffs Washington has slapped on Beijing, though which could significantly expand given Trump’s recent threats to hit China with tariffs as high as 200%.

The White House did not immediately respond to Fox News Digital’s questions regarding this reporting. 

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Here’s a quick recap of the crypto landscape for Monday (September 15) as of 9:00 a.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$114,794, a 1.2 percent decrease in 24 hours. Its highest valuation of the day was US$116,689, and its lowest was US$114,793.

Bitcoin price performance, September 15, 2025.

Chart via TradingView

Bitcoin topped US$116,000, fueled largely by rising expectations that the US Federal Reserve will cut interest rates. At the same time, investors grew cautious — declines in broader crypto indexes and weaker macroeconomic data (including sticky inflation) dampened momentum.

Ether (ETH) was priced at US$4,534.80, a decrease of 2.8 percent over the past 24 hours. Its highest valuation on Monday was US$4,668.60, and its lowest was US$4,510.01.

Altcoin price update

  • Solana (SOL) was priced at US$236.23, a decrease of 4.6 percent over the last 24 hours. Its highest valuation on Monday was US$248.19, and its lowest level was US$232.71.
  • XRP was trading for US$2.99, down by 3.3 percent in the past 24 hours. Its highest valuation of the day was US$3.06, and its lowest valuation was US$2.96.
  • SUI (Sui) was valued at US$3.53, down by 6.6 percent in the past 24 hours and its lowest price point of the day so far. Its highest price was US$3.78.
  • Cardano (ADA) was priced at US$0.8623, down by 5.8 percent over 24 hours. Its highest valuation on Monday was US$0.9161, and its lowest was US$0.8567.

Today’s crypto news to know

Bitcoin ETF inflows fuel bets on a Q4 rally

Spot Bitcoin exchange-traded funds in the US have seen a staggering US$2.3 billion in inflows over the past week, a sign that institutional demand is surging just ahead of a critical Federal Reserve decision.

Traders widely expect the Fed to cut rates on September 17, a move that could boost risk assets across the board.

Analysts say Bitcoin, which has slipped nearly 8 percent since peaking at US$124,128 in August, may be poised for another leg higher if liquidity conditions ease.

“We’re only halfway through what could be a very powerful Q4 rally,” said Sean Dawson, head of research at Derive, who projects prices could reach US$140,000 by year-end.

Options data shows heavy positioning at US$140,000 to US$200,000 December calls, with some putting cycle tops as high as US$250,000 if flows persist.

France threatens to block EU crypto license “passporting”

France’s financial regulator is raising the stakes in Europe’s battle over crypto oversight, warning it could block firms licensed in other EU countries from operating domestically.

According to a Reuters exclusive, the Autorité des Marchés Financiers (AMF) says some companies are “shopping around” for jurisdictions with looser standards under the bloc’s new MiCA framework, then using those approvals to “passport” their services across the EU.

Alongside Italy and Austria, France is pressing for the European Securities and Markets Authority (ESMA) to take charge of supervising major crypto players.

AMF chief Marie-Anne Barbat-Layani described the potential rejection of EU licences as an “atomic weapon” that Paris could wield if it sees regulatory gaps.

Analysts are concerned that fragmented national approaches could undermine investor protection and financial stability.

Notably, exchanges like Coinbase and Gemini have already secured MiCA licences in Luxembourg and Malta, raising questions about uneven enforcement across the bloc.

Ethereum Foundation pivots to privacy-first roadmap

The Ethereum Foundation has unveiled a new initiative to make privacy a default feature across the blockchain’s ecosystem.

Rebranding its Privacy & Scaling Explorations team as the “Privacy Stewards of Ethereum,” the foundation laid out plans for private transfers, confidential DeFi, and protected governance mechanisms within the next six months.

“Our vision is to make privacy on Ethereum the norm rather than the exception,” the group said in a statement, arguing that users and institutions would otherwise drift to centralized alternatives.

The roadmap also extends beyond transactions, with proposals to embed privacy in wallets, identity tools, and data portability.

Co-founder Vitalik Buterin has long championed stronger safeguards. His recent comments about risks from AI-driven data leakage have reinforced the urgency of integrating privacy at the protocol level.

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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Locksley Resources Ltd. (ASX: LKY,OTC:LKYRF; OTCQB: LKYRF) announced it will significantly expand its exploration program at its significantly increased landholding in the Mojave Desert. Earlier this month the company announced the addition of 249 additional claims at the site, which abuts areas currently controlled by MP Materials, the only Rare Earths producing mine in North America . These new claims bring the company’s total landholding to 491 claims encompassing more than 40 sq km of highly prospective critical minerals. Additional details can be found here: https:cdn-api.markitdigital.comapiman-gatewayASXasx-research1.0file2924-02993242-6A1283793&v=c2533a54e2514fb77a8f93f84db686e1125273e9

‘The substantial expansion of our landholding within the Mojave Critical Minerals Corner marks a pivotal step in Locksley’s growth,’ said Pat Burke , Chairman of Locksley Resources. He reported that last week brokers and analysts visited the site, affording Locksley an excellent opportunity to highlight both the scale of the tenure, as well as the strategic importance of its position in this area.

‘With the U.S. Government increasingly focused on securing domestic supply chains for critical minerals, Locksley is well positioned to deliver a mine-to-market solution for antimony and rare earths,’ Burke said.

The expanded program will be focused on exploration of both the existing antimony and rare earths elements prospects as well as targeting additional commodities that have been identified on Locksley’s larger land holding. A substantial historical shaft has been discovered during a surface geological and structural mapping campaign recently undertaken by Locksley at Mojave . The shaft depth and the extent of the underground workings are being further evaluated and is estimated at more than 15m . Locksley is determining the composition of the commodities that were historically mined.

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 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-announces-significant-expansion-of-its-exploration-program-for-both-rare-earths-and-antimony-after-increasing-its-landholding-to-more-than-40-square-kilometers-in-californias-mojave-region-302555904.html

SOURCE Locksley Resources

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West High Yield (W.H.Y.) Resources Ltd. (TSXV: WHY,OTC:WHYRF) (FSE: W0H) (the ‘Company’ or ‘West High Yield’) is very pleased to announce that it has received a draft permit from the British Columbia Ministry of Mining and Critical Minerals (the ‘Ministry’) related to its mining operations at the Record Ridge Industrial Minerals Mine Critical Minerals project (the ‘Project’).

The draft permit outlines the proposed conditions under which the Company may proceed with its planned extraction activities for the Project. West High Yield will conduct a comprehensive review of the draft, engaging its team of internal and external subject matter experts to evaluate the conditions and ensure all technical, environmental, and operational considerations are fully addressed.

The Company expects to receive the final decision on its mining permit application in the coming weeks.

‘We are encouraged by this important step forward and appreciate the collaborative process with the Ministry,’ said Frank Marasco, President and CEO of West High Yield. ‘We remain committed to responsible resource development and look forward to advancing the Record Ridge project in alignment with provincial guidelines and community interests.’

About West High Yield

West High Yield is a publicly traded junior mining exploration and development company focused on acquiring, exploring, and developing mineral resource properties in Canada. Its primary objective is to develop its world-class Record Ridge critical mineral (magnesium, silica, and nickel) deposit using green processing techniques to minimize waste and CO2 emissions.

The Company’s Record Ridge critical mineral deposit located 10 kilometers southwest of Rossland, British Columbia has approximately 10.6 million tonnes of contained magnesium based on an independently produced National Instrument 43-101 – Standards of Disclosure for Mineral Projects (‘NI 43-101‘) Preliminary Economic Assessment technical report (titled ‘Revised NI 43-101 Technical Report Preliminary Economic Assessment Record Ridge Project, British Columbia, Canada’) prepared by SRK Consulting (Canada) Inc. on April 18, 2013 in accordance with NI 43-101 and which can be found on the Company’s profile at https://www.sedarplus.ca.

Qualified Person

Rick Walker, B.Sc., M.Sc., P.Geo., the Company Geologist, is a Qualified Person as defined in NI 43-101 and has reviewed and approved the technical information in this press release.

Contact Information:

West High Yield (W.H.Y.) RESOURCES LTD.

Frank Marasco Jr., President and Chief Executive Officer
Telephone: (403) 660-3488
Email: frank@whyresources.com

Barry Baim, Corporate Secretary
Telephone: (403) 829-2246
Email: barry@whyresources.com

Cautionary Note Regarding Forward-looking Information

This press release contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation. The forward-looking statements and information are based on certain key expectations and assumptions made by the Company. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct.

Forward-looking information is based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: general economic conditions in Canada and globally; industry conditions, including governmental regulation; failure to obtain industry partner and other third party consents and approvals, if and when required; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; and other factors. Readers are cautioned that this list of risk factors should not be construed as exhaustive.

Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date hereof, and to not use such forward-looking information for anything other than its intended purpose. The Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable law.

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/266228

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(TheNewswire)

Vancouver, British Columbia TheNewswire – September 15, 2025 – Element79 Gold Corp. (CSE: ELEM,OTC:ELMGF) (FSE: 7YS0) (OTC: ELMGF) (the ‘Company’ or ‘Element79’) announces that its Board of Directors has accepted the resignation of Ms. Zara Kanji as Director of the Company, effective immediately. The Board and management thank Ms. Kanji for her valuable contributions to the Company and wish her the very best in her current and future endeavors.

At the same time, the Board is pleased to announce the appointment of Mr. Mohammad Fazil as a Director of the Company, effective September 15, 2025.

Mr. Fazil has been active in venture capital for over 35 years. He was employed by boutique investment dealers in Canada as a finance professional focusing on funding junior listed issuers on the TSX and TSX Venture exchange. Mr. Fazil is the founder and President of Lion Park Capital, a private financial advisory firm helping companies raise funding and list on a Canadian stock exchange. He is the Chairman of the Calgary branch of the TSX Venture Exchange’s Listing Advisory Committee and a member of the National Advisory Committee. He is President and Director of Blue Sky Global Energy Corp., Director of Smooth Rock Ventures Corp., CEO and Director of 5D Acquisition Corp., and President and Director of Florence Once Capital Inc.

In accepting this role, Mr. Fazil commented: ‘I am honored to join the Board of Element79 Gold at such an important time in the Company’s growth trajectory. With a strong and potentially growing portfolio of projects, I l ook forward to contributing my expertise to help guide Element79’s strategy, strengthen its foundations, and create lasting value for shareholders.’ Mr. Fazil has submitted his consent to act and will be updating his Personal Information Form with the Canadian Securities Exchange (CSE).

Michael Smith, CEO comments on the board changes: ‘On behalf of the Company, I would like to sincerely thank Zara Kanji for her years of dedication and valuable service on the Board. We wish her continued growth and success. At the same time, I welcome Mr. Fazil to the Board and am confident that his perspective and leadership will be instrumental as we focus on advancing our portfolio of projects and driving long-term shareholder value under the guidance of a strong Board.’

The Board looks forward to the experience and perspective that Mr. Fazil will bring to Element79 as the Company continues to advance its portfolio of projects.

About Element79 Gold Corp.

Element79 Gold Corp is a mining company focused on the exploration and development of its portfolio of high-potential gold projects. The Company’s main focus is its Nevada portfolio, anchored by the Gold Mountain and Elephant Projects, both located in the world-class Battle Mountain Trend. In addition, Element79 continues to advance its high-grade Lucero Project in southern Peru, positioning the Company for long-term exploration growth.

For more information about the Company, please visit www.element79.gold or contact:

For corporate matters and investor relations inquiries, please contact:
Mike Smith, Chief Executive Officer
E-mail: ms@element79.gold
Phone: +1.604.319.6953

Cautionary Note Regarding Forward-Looking Statements

This press release contains ‘forward-looking information’ and ‘forward-looking statements’ under applicable securities laws. These statements are based on management’s current expectations and assumptions and are subject to risks and uncertainties that may cause actual results to differ materially. Investors are cautioned not to place undue reliance on forward-looking statements. Neither the Canadian Securities Exchange nor the Market Regulator accepts responsibility for the adequacy or accuracy of this release.

Copyright (c) 2025 TheNewswire – All rights reserved.

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CoTec Holdings Corp. (TSXV:CTH)(OTCQB:CTHCF) (‘CoTec’ or the ‘Company’) is pleased to note today’s press release by HyProMag USA, LLC (‘HyProMag USA’), its U.S.-based joint venture rare earth permanent magnet recycling and manufacturing company.

HyProMag USA announced an update on the Detailed Design phase of its Dallas-Fort Worth rare earth magnet recycling and manufacturing hub. The engineering, procurement and construction management work is being led by PegasusTSI Inc. and BBA USA Inc.

Highlights of the update include:

  • Detailed Design now 25% complete, incorporating learnings from HyProMag’s UK and German facilities.
  • Advanced Grain Boundary Diffusion (‘GBD’) techniques added to enhance magnet performance.
  • Tripled throughput capacity at the University of Birmingham HPMS pilot facility, with over 50 pilot runs completed.
  • Circa 900kg of recycled NdFeB alloy powder already produced at the Tyseley Energy Park facility in the UK.
  • Four shortlisted Dallas-Fort Worth hub site options identified, with permitting to commence in Q3 2025.
  • Feedstock supply collaboration advancing with Intelligent Lifecycle Solutions (ILS), which has begun stockpiling feed.
  • Expansion planning underway for additional hubs in Nevada and South Carolina, and a Concept Study initiated for a complementary ‘Long Loop’ recycling process led by Worley.

Julian Treger, CEO of CoTec, commented: ‘We are very pleased with the progress of the EPCM Detailed Design. The learnings from HyProMag’s facilities in the UK and Germany continue to inform PegasusTSI’s and BBA’s work and support an accelerated project schedule targeting first magnets in H1 2027. In parallel with the EPCM Detailed Design, the company is focused on securing funding from the U.S. Government, commercial lenders, equity providers and off takers. With the commencement of the long-loop Concept Study, the Company is in a unique position as it provides both short and long-loop rare earth permanent magnet recycling. HyProMag USA’s proposed U.S. facility fully meets the requirements of the U.S. Defence Production Act (‘DPA’) Title III and will provide a secure, long-term, commercial-scale magnet recycling and production facilities in the United States.’

For further information, please refer to HyProMag USA’s press release, available at: www.hypromagusa.com.

About HyProMag USA

HyProMag USA LLC is owned 50:50 by CoTec Holdings Corp. (TSXV:CTH)(OTCQB:CTHCF) (‘CoTec’) and HyProMag Limited. HyProMag Limited is 100 per cent owned by Maginito Limited which is owned on a 79.4/20.6 per cent basis by Mkango Resources Ltd. (AIM/TSX-V:MKA) and CoTec.

About CoTec

CoTec Holdings Corp. (TSX-V:CTH)(OTCQB:CTHCF) is redefining the future of resource extraction and recycling. Focused on rare earth magnets and strategic materials, CoTec integrates breakthrough technologies with strategic assets to unlock secure, sustainable, and low-cost supply chains for the United States and its allies.

CoTec’s mission is clear: accelerate the energy transition while strengthening U.S. economic and national security. By investing in and deploying disruptive technologies, the Company delivers capital-efficient, scalable solutions that transform marginal assets, tailings, waste streams, and recycled products into high-value critical minerals.

From its HyProMag USA magnet recycling joint venture in Texas, to iron tailings reprocessing in Québec, to next-generation copper and iron solutions backed by global majors, CoTec is building a diversified portfolio with long-term growth, rapid cash flow potential, and high barriers to entry. The result is a game-changing platform at the intersection of technology, sustainability, and strategic materials.

For more information, please visit www.cotec.ca

For further information, please contact:

Braam Jonker – (604) 992-5600

Forward-Looking Information Cautionary Statement

Statements in this press release regarding the Company and its investments which are not historical facts are ‘forward-looking statements’ which involve risks and uncertainties, including statements relating to the Company’s interest in HyProMag USA and its proposed development and management’s expectations with respect to its current and potential future investments, including HyProMag USA, and the benefits to the Company which may be implied from such statements. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements, due to known and unknown risks and uncertainties affecting the Company, including but not limited to resource and reserve risks; environmental risks and costs; labor costs and shortages; uncertain supply and price fluctuations in materials; increases in energy costs; labor disputes and work stoppages; leasing costs and the availability of equipment; heavy equipment demand and availability; contractor and subcontractor performance issues; worksite safety issues; project delays and cost overruns; extreme weather conditions; and social and transport disruptions. For further details regarding risks and uncertainties facing the Company please refer to ‘Risk Factors’ in the Company’s filing statement dated April 6, 2022, a copy of which may be found under the Company’s SEDAR+ profile at www.sedarplus.ca. The Company assumes no responsibility to update forward-looking statements in this press release except as required by law. Readers should not place undue reliance on the forward-looking statements and information contained in this news release and are encouraged to read the Company’s continuous disclosure documents which are available on SEDAR+ at www.sedarplus.ca.

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 news release.

Source

Click here to connect with CoTec Holdings Corp. (TSXV:CTH)(OTCQB:CTHCF) to receive an Investor Presentation

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Fast-food restaurants are losing breakfast customers to convenience stores.

Morning meal traffic to fast-food chains rose 1% in the three months ended in July, while visits to food-forward convenience stores climbed 9% in the same period, according to market research firm Circana.

“Over the long run, convenience stores have taken share, really at foodservice overall, but the morning meal has been their strong suit,” David Portalatin, Circana senior vice president and foodservice industry advisor, told CNBC, noting the trend has largely been driven by what the group calls “food-forward convenience stores.”

For decades, McDonald’s and its rivals have tried to lure consumers away from home to eat their early morning offerings, betting that convenience and unique items will win over diners.

While fast-food chains have made some inroads, 87% of what consumers eat and drink in the morning comes from their own refrigerators or pantries, according to Portalatin. That leaves plenty of opportunity for fast-food chains — and anyone else who wants a slice of the breakfast pie.

Before the pandemic, fast-food chains started seeing a new rival for their breakfast customers: convenience stores. Regional chains like Wawa in the Northeast and Casey’s General Store in the Midwest were expanding their reach and investing in their foodservice options, taking pages from the fast-food companies’ own playbooks.

For a time, lockdowns and the shift to hybrid work reversed those market share gains. But in the three months ended in July, food-forward convenience stores once again gained the upper hand in the battle to serve consumers breakfast, according to Portalatin.

Circana separates food-forward convenience stores like Buc-ee’s and Sheetz from the broader industry, although more chains may soon fit under that umbrella. 7-Eleven, the biggest convenience, or c-store, in the U.S., is planning to invest more in its prepared foods business, inspired by the success of its Japanese business. C-store chain RaceTrac on Wednesday announced that it’s buying Potbelly for about $566 million, although it’s unclear what its plans for the sandwich chain include beyond expanding its footprint.

In recent years, more diners have been watching their budgets, conscious of rising menu prices and a tight job market.

Year-over-year morning traffic to fast-food chains has fallen every quarter for the last three years, according to data from Revenue Management Solutions, which advises restaurants on how to increase sales and profits. In the second quarter, fast-food breakfast visits fell 8.7%.

To see the struggles, look no further than McDonald’s, which dominates the quick-service breakfast category.

″The breakfast daypart is the most economically sensitive daypart, because it’s the easiest daypart of a stressed consumer to either skip breakfast or choose to eat breakfast at home,” McDonald’s CEO Chris Kempczinski said on the company’s earnings call in late July. “And we, as well as the rest of the industry, are seeing that the breakfast daypart is absolutely the weakest daypart in the day.”

McDonald’s morning visits accounted for 33.5% of its traffic in the first half of 2019 but fell to 29.9% in the first half of 2025, according to Placer.ai data. To try to drum up traffic, the chain has included breakfast items in its new Extra Value Meals, including a deal for a Sausage McMuffin with Egg with a hash brown and a small coffee for $5.

To reverse breakfast’s slide, fast-food chains are taking hints from their competition. After years of convenience stores looking to fast-food chains for ideas on how to grow prepared food sales, from installing ordering kiosks to new menu items, the dynamic has flipped.

″[Quick-service restaurants] are looking at late-night sales and early morning sales, and they are directly looking at convenience stores and saying, ‘What is working? How can we bring that to our stores?’” National Association of Convenience Stores spokesperson Jeff Lenard told CNBC.

Prepared foods have offered a lifeline for convenience stores as demand for gasoline, tobacco and lottery tickets has fallen over time. The industry’s overall foodservice sales reached $121 billion in 2024, according to data from the NACS.

Most customers visit the gas pump during the morning and evening rush hours, on their way to and from work, presenting the perfect opportunity for c-stores to sell them breakfast or dinner. This year, 72% of consumers surveyed by InTouch Insight said they saw c-stores as a real alternative to fast-food chains, up from 56% a year ago and 45% two years ago.

Broadly, the c-stores that have focused on fresh food have been winning over more customers.

For example, Wawa has seen its customer base grow by 11.5% since 2022, while fast-food chains McDonald’s, Burger King and Wendy’s have seen their combined customer base shrink 3.5% in the same time, according to data from Indagari, a transaction data analytics firm.

The majority of 1,170 respondents to an InTouch Insight survey for CNBC said that they have purchased made-to-order breakfast from a c-store in the morning in the past three months. Forty-eight percent of respondents said that when they choose breakfast from a convenience store, they are replacing a visit that they might otherwise make to a fast-food restaurant like McDonald’s or Dunkin’.

Buying coffee and breakfast from a c-store likely won’t be cheaper than making it at home. But consumers perceive it as “good bang for their buck,” according to Sarah Beckett, vice president of sales and marketing for InTouch Insight.

Plus, c-store customers get a wider breadth of options. In addition to coffee, gas stations sell energy drinks, protein shakes and yogurt smoothies. And customers can pick up a granola bar or banana to accompany their breakfast sandwich. Fast-food chains lack that kind of variety.

But above all, what matters to consumers is the food itself.

“While [a] convenience store broadly does have some tailwind from being a lower price point, the ultimate differentiator, and what’s really going to set apart the winners from losers, is that quality aspect of it,” Circana’s Portalatin said.

Brady Caviness, a 33-year-old account executive at Bailiwick who lives in Minneapolis, told CNBC that he indulges in a breakfast pizza from Casey’s General Store when he’s traveling. If he’s back home, where there isn’t a Casey’s nearby, he’ll stop by McDonald’s, Dunkin’ or Starbucks if he’s in the mood to buy his breakfast.

The Iowa-based chain is the country’s third-largest c-store chain and claims to be the fifth-largest pizza concept based on its number of locations. Casey’s reported same-store sales growth of 5.6% for its prepared food and dispensed beverages for the three months ended July 31.

Like Taco Bell’s Mexican Pizza, Casey’s breakfast pizza, topped with cheese, scrambled eggs and a choice of bacon, sausage or vegetables, has grown a cult following since its launch in 2001.

“I think Casey’s is kind of a unique thing,” Caviness said. “My whole life, I’ve had the Egg McMuffins.”

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Law enforcement officials arrested the man accused of shooting and killing conservative activist Charlie Kirk in Utah on Friday after a frantic 33-hour manhunt. The suspect’s fate now hinges on whether the state pursues capital charges as political pressure mounts.

Prosecutors have not yet filed charges against Tyler Robinson, the 22-year-old accused of killing Kirk after driving nearly four hours to Utah Valley University, where the longtime Trump ally was speaking. It also remains unclear whether they will seek the death penalty, a step publicly urged by both President Donald Trump and Utah Gov. Spencer Cox. 

At a Friday news conference, Cox said investigators used surveillance footage from the stadium and tips from Robinson’s family and friends to identify him before the arrest. He also said charges would be filed ‘soon.’ 

‘We got him,’ Cox said. 

The governor vowed that Robinson would be ‘held accountable’ for Kirk’s death, which he called a ‘political assassination.’

‘This is certainly about the tragic death, assassination, political assassination of Charlie Kirk, but it is also much bigger than an attack on an individual,’ Cox said. ‘It is an attack on all of us. It is an attack on the American experiment.’ 

Kirk’s graphic death and the scant public information revealed in its wake have left the nation reeling and revived heated debate about political violence in the U.S. It’s also sparked a litany of questions about how prosecutors will bring the case against Robinson, with Utah law and years of precedent making capital punishment difficult to pursue. 

Robinson is being held at Utah County Jail. A probable cause affidavit reviewed by Fox News Digital lists potential charges including aggravated murder, felony discharge of a firearm causing serious injury and obstruction of justice.

Utah law allows prosecutors to seek the death penalty only in cases where an individual is charged with ‘aggravated murder’ — or a murder that knowingly ‘created a great risk of death’ to another person besides the victim or defendant. The offense is listed in the affidavit, which could open the door for prosecutors to seek the death penalty. 

The clock is ticking: Utah law requires state prosecutors to file a specific notice of intent within 60 days after an individual is arraigned on aggravated murder charges to notify the court and defense attorneys that they plan to try the case as a capital felony. Doing so sets into motion a complex legal process — including a two-part, or bifurcated trial, to decide both guilt and whether the defendant should receive capital punishment. 

Otherwise, the case is tried under charges of a ‘noncapitalist fist-degree penalty,’ eligible for a maximum sentence of life in prison without parole. 

Cox and Trump both suggested in interviews earlier this week that the state should seek the death penalty against Kirk’s killer, even before Robinson was named as a suspect. 

‘I hope he gets the death penalty,’ Trump said Friday morning on ‘Fox & Friends,’ calling Kirk ‘the finest person.’ 

The Beehive State is one of 27 states that still allows the death penalty, according to the Death Penalty Information Center. It’s also one of just five states where execution by firing squad remains legal.

Even so, capital punishment cases are rarely pursued in Utah. The state has carried out only two executions in the past 20 years, and inmates spend an average of 34 years on death row.

Only four men are currently on death row in Utah, each for ‘decades,’ according to KUTV.  

For Robinson, whose criminal trial will draw national attention, particularly from the president and his allies, it’s still far too early to predict the outcome. 

Already, Robinson’s case has fueled intense speculation — even as some lawmakers urged calm.

‘History will dictate if this is a turning point for our country,’ Cox said, ‘but every single one of us gets to choose right now if this is a turning point for us.’ 

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When President John F. Kennedy was assassinated in 1963, it took more than a decade before Americans saw the infamous Zapruder film.

Today, the killing of conservative firebrand Charlie Kirk can be replayed in dozens of high-definition clips across social media, reshaping how the nation confronts political violence in real time.

‘You’ll never have an assassination again that we don’t have footage of,’ Tevi Troy, a presidential historian and former secretary of Health and Human Services under the Bush administration, told Fox News Digital. 

‘I have an image in my head of what Lincoln’s assassination might have looked like, but every assassination since the Kennedy era, or even assassination attempts, there’s generally going to be footage about it now, and that’s just a very difficult thing.’

The Zapruder footage of Kennedy’s assassination remained largely unseen by the public until 1975, when it aired on national television more than a decade after his death. Its grainy frames shocked viewers. Americans, at the time, were ‘much more dependent on what the caretakers of the culture would put on TV,’ Troy said, and if a broadcast was missed, there was often no second chance to see it. 

‘The gatekeepers controlled what you saw.’

In the minutes after Kirk was shot in the neck on his ‘American Comeback Tour’ at the Utah Valley University on Wednesday, graphic video clips captured by bystanders using phones flooded social platforms like X, Facebook, TikTok, Instagram and YouTube. 

Traditional outlets held back from airing the moment of impact, but social media users shared multiple angles — including real-time replays and slowed-down segments — many without content warnings or editing.

‘Desensitizing is the right word. … It’s not good for you,’ Troy said when asked what the impact of such high-speed graphic footage could do to the public. 

‘It’s not good for your soul. It’s not a question of not being available. It is available. Then you have to make an effort not to see it,’ he said.

Troy noted that in the immediate aftermath of Kirk’s killing, some voices on the left appeared to rationalize or downplay the violence, while others rushed to frame the suspect’s background in ways that minimized political fallout for their side. He called the reaction ‘a ghoulish exercise.’

‘There’s a horrible tragedy where this person who just wants to have political conversations was murdered with three young kids,’ Troy said. ‘But this is where we are today. If there is political violence, they want to make sure it’s framed in such a way that it doesn’t bring their side down.’

Kirk, 31, was killed Wednesday by suspected shooter Tyler Robinson while answering a question at Utah Valley University. He leaves behind his wife and two children, ages one and three. 

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