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October 11, 2025

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Kim Jong Un shows off ‘most powerful’ ballistic missile as foreign leaders watch North Korea military parade

North Korean leader Kim Jong Un displayed a new long-range intercontinental ballistic missile at a military parade in Pyongyang that included foreign leaders on Friday. 

The yet-to-be-tested Hwasong-20 was described by the state-owned Korean Central News Agency as having the ‘most powerful nuclear strategic weapons system.’

The government also displayed shorter-range ballistic, cruise and supersonic missiles at the military parade, which marked 80 years since the founding of the Worker’s Party.

Kim said at the parade that the military ‘must continue to evolve into an invincible force that eliminates all threats.’

The foreign dignitaries at the parade included Chinese Premier Li Qiang, former Russian President Dmitry Medvedev, and Vietnam’s Communist Party chief To Lam. 

Kim also met with Medvedev on Friday, who praised the sacrifice of North Korean soldiers fighting with Russia in Ukraine. 

Kim said he hoped to strengthen ties with Russia and work together toward common goals. 

Last summer, Kim’s sister Kim Yo Jong warned the U.S. to not attempt to restart talks centered around denuclearization, adding that Pyongyang would view any attempt to pressure North Korea to denuclearize as ‘nothing but a mockery.’ 

‘If the U.S. fails to accept the changed reality and persists in the failed past, the DPRK- U.S. meeting will remain as a ‘hope’ of the U.S. side,’ Kim Yo Jong said, referring to the nation by its official name, the Democratic People’s Republic of Korea.

The Associated Press and Reuters contributed to this report. 

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Trump declared in ‘excellent overall health’ by doctor after Walter Reed visit

President Donald Trump is in ‘excellent overall health,’ the president’s doctor said in a memorandum after a follow-up evaluation at Walter Reed National Military Medical Center on Friday. 

Earlier this week, the White House announced that Trump, 79, would undergo a ‘routine’ semiannual physical on Friday. 

The president also met with troops while at the hospital in Bethesda, Maryland. 

‘President Donald J. Trump successfully completed a scheduled follow-up evaluation at Walter Reed National Military Medical Center,’ Navy Capt. Sean P. Barbabella, the physician to the president, wrote in a memorandum to White House press secretary Karoline Leavitt. 

Barbabella said that the visit was part of an ongoing health maintenance plan that included ‘advanced imaging, laboratory testing and preventative health assessments conducted by multidisciplinary team of specialists.’ 

He added, ‘Comprehensive laboratory studies performed in conjunction with the visit were exceptional, including stable metabolic, hematologic and cardiac parameters.’

In his summary, Barbabella said Trump, ‘remains in exceptional health, exhibiting strong cardiovascular, pulmonary, neurological, and physical performance.’ 

Barbabella also said Trump also received updated COVID-19 and flu shots in preparation for international travel. 

‘President Trump continues to demonstrate excellent overall health,’ he wrote, adding that his cardiac age was found to be ‘approximately 14 years younger than his chronological age. He continues to maintain a demanding daily schedule without restriction.’ 

The medical checkup will be Trump’s second this year. He had a similar exam in April, during which his physician stated that he ‘remains in excellent health.’

In July, the president was diagnosed with a vein condition known as chronic venous insufficiency. At the time, Leavitt said Trump had noticed ‘mild swelling’ in his lower legs and was evaluated by the White House medical unit.

Chronic venous insufficiency occurs when veins in the legs struggle to allow blood to flow back up to the heart.

Leavitt attributed the bruising on the president’s hand to ‘frequent handshaking and the use of aspirin.’

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Democrats struggle for cohesive messaging strategy amid shutdown standoff

The government shutdown is poised to enter a third week, and Democrats still appear to be struggling in the search for a cohesive messaging strategy.

Senate Minority Leader Chuck Schumer, D-N.Y., received a barrage of GOP-led attacks on Thursday after he told Punchbowl News, ‘Every day gets better for us’ in reference to the shutdown dragging on.

Meanwhile, House Democrats’ group selfie taken on Sept. 29, just before the shutdown, received criticism from both sides of the aisle. Former Rep. Adam Kinzinger, R-Ill., who’s become a fierce critic of the GOP since leaving office, wrote on X, ‘These selfie things need to stop guys. Honestly, the democrats were great at social media but social media moved on from them. The kitschy, goofy ‘choose your fighter’ type stuff needs to stop.’

Democrats have been fighting to center the discussion on healthcare, and their argument that any deal to reopen the federal government must at least include an extension of COVID-19 pandemic-era enhanced Obamacare subsidies that are set to expire at the end of this year.

And while polls show that Americans overwhelmingly do support extending the subsidies, surveys taken of the government shutdown have been more mixed, with a significant number of Americans blaming both parties.

A new Reuters/Ipsos poll released on Wednesday showed 67% of Americans believe Republicans deserve ‘a fair amount or a great deal of blame’ for the shutdown, compared to 63% for Democrats.

A New York Times/Siena poll taken on the eve of the shutdown showed that Democrats had a similarly thin edge over the GOP in the shutdown fight, but that 65% of people did not believe Democrats should shut down the government if their demands were not met.

‘Democrats keep choosing the wrong fights, including the shutdown fight. At best, the shutdown will give them a political draw where the public will blame both parties,’ Julian Epstein, a former Democratic staffer for the House Judiciary Committee, told Fox News Digital.

‘But they will not get a game change out of this conflict, and the risk for them is the longer it goes on, the public will see it’s the Democrats who are narcissistically voting to shut down the government after losing the election.’

During an appearance on ‘Real Time With Bill Maher’ earlier this month, CNN political commentator and former Obama administration appointee Van Jones said Democrats ‘do the wrong thing at the wrong time for the right reason.’

Jones said he was in favor of extending the Obamacare subsidies but argued that it may have been folly for his party to pick that fight over the shutdown before people even got notice of their premiums potentially rising.

‘I get it, the base is upset … ’Please do something, do anything,’ but the ‘something’ probably shouldn’t be throwing a bunch of people out of work in the federal government and crushing the American government’s ability to function right before the pain was about to start,’ he said.

And it’s not yet clear if Democrats have an agreed-upon roadmap for how to navigate the shutdown yet.

Late last week, just before Speaker Mike Johnson, R-La., announced that the House would be out of session for another week while Republicans’ funding bill stalled in the Senate, House Minority Leader Hakeem Jeffries, D-N.Y., unequivocally told Fox News Digital that ‘yes,’ he would call all House Democrats back to Washington to draw a contrast between the two sides.

He walked that back somewhat on Monday, however. When asked by Fox News Digital if he would still call the full caucus back, Jeffries said, ‘We have a caucus meeting at 6 p.m. today. We’ll have a House Democratic Caucus leadership meeting, that’s the full leadership, tomorrow. And I expect a strong presence of House Democrats throughout here in Washington.’

What he did not specify, however, was that the 6 p.m. caucus meeting was virtual.

At another press conference this week, Jeffries called a one-year Obamacare subsidy extension compromise bill ‘laughable’ despite it getting support from 11 members of his own Democratic caucus.

He walked those comments back again, ‘If anything is presented to us, of course, the caucus will consider it in good faith.’

But Republicans have also garnered their share of public criticism for shutdown messaging as well.

President Donald Trump’s aggressive rhetoric on federal employee layoffs put congressional Republicans in a difficult position earlier this month, though Trump has since softened his language and not yet carried out those firings.

The White House’s depiction of Jeffries in a sombrero on multiple occasions has also been panned as racist by critics.

Mike Nellis, a Democratic strategist and founder of campaign consulting firm Authentic, said Democrats were doing the right thing in focusing on health care while criticizing Republicans’ messaging.

‘I think that focusing on the health care subsidies, which are undeniably popular, has been a really smart thing for Democrats to do,’ Nellis told Fox News Digital.

‘I think that the Republicans have played right into their worst tendencies on this, which is, much of their messaging is aggressively online-focused. The sombrero stuff is mildly funny. But then they went all in on it, and they don’t have a good answer to the health care subsidies.’

Nellis also argued that Republicans’ touting of a ‘landslide’ electoral victory has set them up for a larger share of the blame.

‘When you create the conditions where you talked about the mandate that you have and the government shuts down on your watch, you’re responsible for the government shutdown,’ he said.

Still, he said he would grade Democrats with a ‘B, B minus’ on their messaging, adding that it’s ‘not perfect.’

‘Maybe the answer is … Republicans are losing the shutdown fight, rather than Democrats are winning it,’ Nellis said. ‘But I mean, I just think we’ve got a lot more right than a lot more wrong, which is the first time you can say that in quite a while.’

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New York Republicans blast Schumer, Gillibrand over shutdown: ‘You’ve abdicated your responsibility’

Republicans in New York’s congressional delegation are pressing their two Democratic senators to end the ongoing government shutdown, casting their opposition to the GOP’s funding bill as ‘radical and harmful’ to residents of the Empire State.

The government shutdown has entered its eleventh day with Republicans and Democrats still unable to agree on a path forward. Thousands of government workers, including members of the military and federal law enforcement, are set to miss their first paychecks next week barring a breakthrough.

‘You have abdicated your responsibility to New Yorkers. By consistently voting against the clean Continuing Resolution (CR), you have shut down the government with no willingness to reopen operations,’ seven House Republicans wrote to Senate Minority Leader Chuck Schumer, D-N.Y., and Sen. Kirsten Gillibrand, D-N.Y.

‘Throughout both of your decades in federal office, you have consistently supported clean CRs as a way to keep the government funded and open until Congress can pass bipartisan spending bills.’

The Republicans accused their senators of changing course now ‘to spite President Trump and congressional Republicans,’ and called it ‘a disservice to our nation and our institutions.’

‘In fact, both of you have been vocal about your past opposition to shutdowns and the dangers they wreak on the American people,’ they wrote.

The letter is being led by Rep. Mike Lawler, R-N.Y., and is signed by the six other House Republicans representing parts of New York: Reps. Nick Langworthy, Nicole Malliotakis, Claudia Tenney, Nick LaLota, Elise Stefanik, and Andrew Garbarino.

The House passed a measure to keep the government funded at levels roughly even to fiscal year (FY) 2025 through Nov. 21 — called a continuing resolution (CR) — on Sept. 19, mostly along party lines.

But Democrats in the House and Senate were largely infuriated by being sidelined in federal funding talks and are now demanding any spending deal also include an extension of COVID-19 pandemic-era enhanced Obamacare subsidies that are set to expire at the end of this year.

Democrats have argued that a failure to act on those subsidies now will lead to higher health care premiums for millions of Americans by the end of the year. 

Republican leaders who control the House and Senate have said they are willing to hold negotiations on those subsidies, but have insisted the CR must be ‘clean’ without any policy riders. CRs are aimed at giving congressional negotiators more time to strike a longer-term funding deal for FY2026, which began on Oct. 1.

Schumer had been under particular pressure from his left flank to resist the GOP’s plan after his vote was key to helping advance the same bill in March, which extended FY2024 federal funding levels through Sept. 30.

‘Just last year in 2024, you said that no reasonable member on either side of the aisle wants a government shutdown. I agree, Senator, your position now is unreasonable,’ the House GOP’s Saturday letter read.

The CR has now failed in the Senate seven times. Under the most recent tallies, five more Democrats would be needed to cross the aisle and meet the Senate’s 60-vote threshold to break the filibuster and advance the bill to a final vote. 

Fox News Digital reached out to Schumer and Gillibrand’s offices for a response but did not hear back by press time.

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Trump’s week in review: President secures historic peace deal to bring hostages home as shutdown continues

President Donald Trump secured a historic peace deal between Israel and Hamas this week that will end the war in Gaza and return the hostages, two years after the terrorist network attacked Israel Oct. 7, 2023 — all while the U.S. government remains in a shutdown due to a stalemate in the Senate. 

The president made the announcement on his Truth Social platform Wednesday.

‘I am very proud to announce that Israel and Hamas have both signed off on the first Phase of our Peace Plan,’ the president posted. ‘This means that ALL of the Hostages will be released very soon, and Israel will withdraw their Troops to an agreed upon line as the first steps toward a Strong, Durable, and Everlasting Peace. All Parties will be treated fairly!’

The president said the day of the agreement was ‘a GREAT Day for the Arab and Muslim World, Israel, all surrounding Nations, and the United States of America, and we thank the mediators from Qatar, Egypt, and Turkey, who worked with us to make this Historic and Unprecedented Event happen.’

‘BLESSED ARE THE PEACEMAKERS!’ he posted.

According to Israeli officials, the living hostages are expected to be released in a single phase within 72 hours. The return of the bodies of deceased hostages will take longer, but Israel insists on their inclusion in the deal.

Trump warned that if Hamas did not agree to the deal, Israel would have the full backing of the U.S. to carry out its operational plans in Gaza. 

Moments before the president’s announcement, photos emerged from the negotiation room in Sharm el-Sheikh, Egypt, showing senior officials embracing and shaking hands as reports indicated significant progress toward a hostage release deal. Retired Israeli Defense Forces Major General Nitzan Alon was seen shaking hands with Qatar’s prime minister, with U.S. special envoy Steve Witkoff in the background.

On the other side, Hamas leader Khalil al-Hayya and other senior officials appeared smiling. 

Israeli Prime Minister Benjamin Netanyahu said in a statement, ‘With God’s help, we will bring them all home.’  

Netanyahu added in a statement in Hebrew, translated: ‘A great day for Israel. Tomorrow I will convene the government to approve the agreement and bring all our dear hostages home. I thank the heroic soldiers of the IDF and all the security forces — thanks to their courage and sacrifice we have reached this day. I thank from the bottom of my heart President Trump and his team for mobilizing for this sacred mission of freeing our hostages. With God’s help, together we will continue to achieve all our objectives and expand peace with our neighbors.’

The terrorist organization Hamas announced in an official statement, ‘After responsible and serious negotiations conducted by the movement and the Palestinian resistance factions regarding President Trump’s proposal in Sharm el-Sheikh, with the aim of ending the war of extermination against our Palestinian people and the withdrawal of the occupation from the Gaza Strip, Hamas announces the reaching of an agreement that ends the war on Gaza, provides for the withdrawal of the occupation, allows the entry of aid and implements a prisoner exchange.’ 

‘We greatly appreciate the efforts of the mediators in Qatar, Egypt and Turkey, and thank U.S. President Donald Trump for his efforts to bring about a final end to the war and the full withdrawal of the occupation from the Gaza Strip. We call on President Trump, the guarantor states of the agreement, and all Arab, Islamic and international parties to oblige the government of the occupation to fulfill all the agreement’s commitments, and not to allow it to evade or delay implementation of the accords.’

Trump is now expected to travel to the Middle East Sunday amid continued peace negotiations.

‘I may go there, sometime toward the end of the week. Maybe on Sunday, actually, and we’ll see,’ Trump said Wednesday from the White House as he kicked off a roundtable discussion event focused on the left-wing radical group Antifa. 

‘We have a great team over there, great negotiators, and there are, unfortunately, great negotiators on the other side also,’ Trump added. ‘But it’s something I think that will happen. Got a good chance of happening.’ 

Meanwhile, the government shutdown continued this week, as Senate lawmakers again failed to reach a budget agreement.

Now, senators have left Washington, D.C., and plan to return to Capitol Hill early next week, as Republicans and Democrats in the upper chamber remain in a stalemate.

Lawmakers voted deep into the night Thursday on the 2026 National Defense Authorization Act, which advanced on a largely bipartisan vote. But the $925 billion package, which authorizes funding for the Pentagon, effectively was the last hurrah for the week in the upper chamber.

While there was discussion of putting the House GOP’s continuing resolution (CR), along with congressional Democrats’ counter-proposal, on the floor for one last vote, the plan never came to fruition. Both likely would have failed for an eighth consecutive time.

The president has slammed Democratic leaders for shutting down the government amid one of ‘the most successful economies.’

Trump said he is ‘happy to work with the Democrats on their Failed Healthcare Policies, or anything else, but first they must allow our Government to re-open.’

Senate Minority Leader Chuck Schumer, D-N.Y., and most Democrats say they won’t support funding the government unless Congress agrees to extend expiring Obamacare subsidies.

Meanwhile, the president also saw two of his political foes face federal indictment this week. 

Former FBI Director James Comey appeared in federal court in the Eastern District of Virginia Wednesday morning and pleaded not guilty to two counts of making a false statement in the jurisdiction of the legislative branch and one count of obstructing a congressional investigation related to the Trump–Russia probe.

Comey’s trial is set to begin Jan. 5, 2026.

And Thursday evening, New York Attorney General Letitia James was indicted for mortgage fraud.

A federal grand jury in Virginia charged James with bank fraud and making false statements to a financial institution. The indictment centers on James’ purchase of a home in Norfolk, Virginia. Prosecutors allege she falsely claimed it as a second residence to secure better loan terms before leasing it to tenants. 

James has denied wrongdoing, describing the charges as ‘political retribution.’

‘These charges are baseless, and the president’s own public statements make clear that his only goal is political retribution at any cost,’ James said in a statement.

Lindsey Halligan, the U.S. Attorney for the Eastern District of Virginia, said James faces up to 30 years in prison per count, up to a $1 million fine on each count and forfeiture if she’s convicted.

‘No one is above the law. The charges as alleged in this case represent intentional, criminal acts and tremendous breaches of the public’s trust,’ Halligan said. ‘The facts and the law in this case are clear, and we will continue following them to ensure that justice is served.’

This post appeared first on FOX NEWS

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Crypto Market Update: Altcoins Retreat as Bitcoin ETFs See US$2.7 Billion in Inflows

Here’s a quick recap of the crypto landscape for Friday (October 10) as of 9:00 a.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$121,578, down by 1.6 percent in 24 hours. The cryptocurrency’s lowest valuation of the day was US$119,967, and its highest was US$123,548.

Bitcoin price performance, October 10, 2025.

Chart via TradingView

Bitcoin may be trading near record highs, but one of its most respected on-chain indicators suggests the rally could still have significant room to run possibly as far as US$180,000.

The Mayer Multiple, a long-term metric that compares Bitcoin’s current price to its 200-week moving average, remains well below levels that have historically marked market tops.

“Bitcoin is at all-time highs and the Mayer Multiple is ice cold,” crypto analyst Frank Fetter wrote on X (formerly Twitter). According to Fetter, Bitcoin would need to climb to around US$180,000 before the indicator flashes “overbought” conditions, implying that the current cycle could still have room to expand.

The indicator’s historical context adds weight to that view. During Bitcoin’s 2017 and 2021 peaks, the Mayer Multiple surged well above 2.4, signaling excessive market exuberance before major corrections followed.

This time, the pattern looks different. The Multiple’s highest level in the current cycle—1.84 in March 2024, when Bitcoin neared US$72,000—never approached prior extremes, according to Glassnode data. Analysts see this moderation as a sign of a more sustainable advance.

Despite these encouraging on-chain signals, not everyone is convinced the path higher will be smooth. Short-term traders remain divided on whether Bitcoin can maintain momentum into the final quarter of the year.

Trader Tony “The Bull” Severino argued that Bitcoin may be entering a decisive 100-day window. Writing on X, Severino pointed to the Bollinger Bands indicator on Bitcoin’s weekly chart, which has tightened to levels not seen before. He noted that Bitcoin’s recent inability to hold above US$126,000, after briefly testing the upper band, could signal a short-term pullback before any sustained breakout.

Ether (ETH) also slid after last week’s rally, but has since recovered some of its losses. It was up by 0.7 percent over 24 hours to US$4,365.58. Ether’s lowest valuation on Friday was US$4,285.77, and its highest was US$4,401.99.

Altcoin price update

  • Solana (SOL) was priced at US$222.58, an increase of 1.1 percent over the last 24 hours and its highest valuation of the day. Its lowest valuation on Friday was US$217.57.
  • XRP was trading for US$2.83, trading flat over the last 24 hours. Its lowest valuation of the day was US$2.78, and its highest was US$2.84.

Derivatives trends

The crypto derivatives market saw heavy liquidations over the past 24 hours, totaling roughly US$674 million, according to Coinglass data. Long positions accounted for US$505 million of that amount, while short positions made up US$169 million, marking one of October’s sharpest liquidation waves.

Among major assets, Bitcoin long liquidations reached US$116 million, compared to US$68.22 million in shorts, indicating that overleveraged bullish traders bore the brunt of the latest downturn. Ether long positions were liquidated for US$146 million, against US$34.54 million in shorts, reflecting a similar shakeout of optimistic bets amid heightened volatility.

Despite the sell-off, futures open interest for Bitcoin rose 0.23 percent in the last four hours to US$90.19 billion, suggesting that traders are gradually re-entering positions or maintaining leverage at elevated levels.

Ether futures open interest also ticked up 0.22 percent to US$59.53 billion, showing that market participants remain engaged even after widespread liquidations.

Bitcoin’s relative strength index (RSI) at 72.15 indicates that the asset remains in overbought territory, potentially signaling near-term price swings or corrective moves. Still, the market’s resilience near the US$120,000 level points to continued speculative interest.

Today’s crypto news to know

XRP, DOGE, SOL slip as US$2.7 billion flows into Bitcoin ETFs

Major altcoins faced losses Friday as traders took profits from Bitcoin’s record-breaking rally, even as spot ETF demand remained strong.

Bitcoin briefly dipped to around US$120,000 overnight before stabilizing near US$122,000, while Ether erased its weekly gains with a 2.4 percent drop.

Solana, XRP, Dogecoin, and Cardano each slid up to 3 percent, according to CoinDesk data. Despite the retreat, US-listed Bitcoin ETFs drew US$2.72 billion in inflows this week, highlighting resilient institutional appetite.

The ETF surge underscores Bitcoin’s growing role as a “digital safe-haven,” especially as gold surged above Us$4,000 an ounce. However, a possible pullback to the US$107,000–US$115,000 range could be imminent ahead of the Federal Reserve’s October 29 policy meeting.

EU dismisses ECB’s call for new stablecoin rules

The European Commission said Friday that existing crypto regulations under MiCA are adequate to handle stablecoin risks, pushing back on calls from the European Central Bank for stricter oversight.

According to a Reuters report, the ECB had urged Brussels to introduce new safeguards against “multi-issuance” models, where stablecoins minted outside the EU could be treated as interchangeable with those issued within.

Industry groups, including members like Circle, asked the Commission to formally clarify that multi-issuance is allowed under current rules.

In a statement to Reuters, the Commission said MiCA already provides a “robust and proportionate framework” and that further guidance will be published soon.

The ECB’s main concern is that redemptions from non-EU tokens could drain reserves inside the bloc, posing systemic risks. Stablecoin issuers countered that their reserve structures already mitigate such threats.

Bitcoin ETFs extend Uptober gains as Ethereum products lose momentum

US spot Bitcoin ETFs posted another strong day Tuesday, with US$197.8 million in net inflows, reinforcing Bitcoin’s dominance as institutional investors rotated away from Ethereum products.

Data from SoSoValue showed total Bitcoin ETF assets climbing to US$164.79 billion, representing nearly 7 percent of Bitcoin’s market cap.

BlackRock’s iShares Bitcoin Trust (NASDAQ:IBIT) led inflows with US$255 million, extending its lead over rivals as total assets surpassed $97 billion. Fidelity Wise Origin Bitcoin Fund (BATS:FBTC) and Grayscale Bitcoin Trust (NYSEARCA:GBTC) saw outflows of US$13 million and US$45 million, respectively.

The renewed demand follows a surge of US$1.19 billion in inflows earlier this week, the highest since July, with BlackRock again accounting for the majority.

Bitcoin has gained over 10 percent in October, peaking at US$126,080 before easing to $121,000. Meanwhile, Ethereum ETFs snapped their eight-day inflow streak with US$8.7 million in withdrawals, reflecting a temporary pause after a strong start to the month.

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

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

This post appeared first on investingnews.com

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Tech Weekly: Market Dives After Week-Long Rally as China/US Tensions Reignite

This week, the technology sector remained the dominant force shaping overall market trends in the US, despite the ongoing complexity of macroeconomic and geopolitical conditions.

The partial US government shutdown continued to delay key economic reports, creating a data vacuum that heightened reliance on soft data like consumer sentiment surveys. Notably, the University of Michigan’s Consumer Sentiment Index held steady at a subdued 55, reflecting persistent concerns about high prices and a challenging labor market.

Meanwhile, Canada reported a surprising gain of 60,400 jobs in September, with employment increases concentrated in full-time positions and manufacturing. The unemployment rate held steady at 7.1 percent, defying expectations and signaling a cautious stabilization after recent job losses.

Investor appetite for AI and related innovation remained high, pushing the Nasdaq Composite (INDEXNASDAQ:.IXIC) and S&P 500 (INDEXSP:.INX) to record or near-record levels midweek. However, ongoing trade frictions between the US and China continue posing risks to semiconductor supply chains and international tech trade flows.

On Friday (October 10), China introduced additional export restrictions on rare earth metals and related refining technologies, expanding controls to five more elements critical for electronics, defense and high-tech industries. US President Donald Trump responded by threatening to escalate tariffs on Chinese imports and warned of the potential cancellation of his upcoming meeting with President Xi Jinping at APEC in South Korea.

The news sent major stock indexes lower, with the S&P 500 seeing its largest decline since tariffs were first announced in April and the Nasdaq Composite losing 3.56 percent. The Philadelphia SE Semiconductor Index led losses, pulling back 6.32 percent.

After a nearly three-year rally fueled by enthusiasm for AI, concerns among analysts and investors about elevated valuations and concentrated exposure in AI-related companies continue to emerge.

The Bank of England’s Financial Policy Committee warned of an increased risk of market correction, particularly in AI-focused tech firms, due to stretched valuations. They noted high market concentration in the S&P 500’s top five companies, many being AI-centric. Disappointing AI adoption or increased competition could trigger a downturn by reassessing high earnings expectations. Bottlenecks in AI advancements also pose valuation risks.

Similarly, IMF Managing Director Kristalina Georgieva warned that AI-fueled global stock prices are overvalued and vulnerable to a sudden correction. She cited weakening job creation and US tariffs as “troubling signs” that could lead to instability and dampen global growth.

Analysts from JPMorgan Chase & Co. (NYSE:JPM) also wrote in a Monday (October 6) note that AI-related debt has reached US$1.2 trillion, making it the largest segment in the investment-grade market. AI companies now represent 14 percent of the high-grade market, exceeding US banks. However, this debt is primarily in investment-grade bonds from companies with strong balance sheets,

This complex interplay of cautious optimism underscores the evolving narratives dominating the tech market.

Three tech stocks that moved markets this week

1. Advanced Micro Devices (NASDAQ:AMD)

AMD’s stock opened over 31 percent higher on Monday after announcing a multi-year deal to supply up to 6 gigawatts of AI chips to OpenAI, starting with its MI450 series in the second half of 2026.

The company extended its gains on Tuesday (October 7) after Jefferies upgraded the stock rating to “buy” as other brokerages hiked their price targets. The news helped temper losses seen throughout the tech sector as trade tensions escalated on Friday.

The partnership grants OpenAI warrants to acquire up to 160 million shares of AMD, representing around 10 percent ownership upon achieving deployment milestones. This deal positions AMD as a major AI hardware supplier and represents a challenge to Nvidia’s dominance in the sector.

2. Intel (NASDAQ:INTC)

Intel shares jumped as much as 3.05 percent on Friday after the company unveiled its Panther Lake architecture, the first PC processor built on its advanced 18A semiconductor manufacturing process, with high-volume production beginning later this year at its Fab 52 facility in Arizona.

Panther Lake is set to significantly enhance power efficiency and performance, delivering an anticipated 50 percent increase in CPU and GPU capabilities compared to earlier generations. This chip is designed for premium laptops and is central to Intel’s plan to re-establish its leadership in semiconductor manufacturing within the US.

Intel also previewed its first 18A-based server processor, Clearwater Forest, slated for release in the first half of 2026. Panther Lake is scheduled for commercial availability in early 2026, coinciding with major consumer electronics shows.

3. Tesla (NASDAQ:TSLA)

Tesla released the long-awaited lower-priced versions of the Model Y and Model 3 on Tuesday, with the Model Y Standard starting at US$39,990.

After an initial rally on Monday following a weekend teaser of the announcement, shares fell by as much as 4.57 percent after an underwhelming reaction to modest price cuts and the vehicles’ lack of key features present in the pricier models.

The company also reportedly paused large-scale production of its humanoid robot Optimus due to technical difficulties and faced a new preliminary safety investigation by the NHTSA into its Full Self-Driving system, covering nearly 2.9 million vehicles amid reports of traffic law violations.

Company announcements helped Intel and AMD weather sector-wide losses on Friday

Chart courtesy of Google Finance

ETF performance

This week, the iShares Semiconductor ETF (NASDAQ:SOXX) only declined by about 6.27 percent, while the Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) pulled back by approximately 6.49 percent.

For its part, the VanEck Semiconductor ETF (NASDAQ:SMH) only lost 5.86 percent.

These losses occurred against a backdrop of heightening trade tensions between tech’s two largest markets.

Other tech market news

            Tech news to watch next week

            Next week, investors will be closely monitoring a slate of important earnings reports from leading financial and technology companies, including JPMorgan Chase, Bank of America Corp (NYSE:BAC), Goldman Sachs (NYSE:GS), Morgan Stanley (NYSE:MS), IBM, Intel and Tesla.

            Additionally, the US government’s shutdown resolution or extension will affect the release of vital economic data, influencing market sentiment and investment strategies.

            On the policy front, investors should watch for Federal Reserve communications for clues on interest rate directions, as well as progress in US-China trade negotiations, which will undoubtedly define the near-term trajectory of the tech market.

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

            This post appeared first on investingnews.com

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            Editor’s Picks: Historic Week — Gold Breaks US$4,000, Silver Takes Out All-time High

            It’s been yet another historic week for gold, as well as silver.

            Gold broke through US$4,000 per ounce midway through the period, entering never-before-seen territory as the US government shutdown continued into a second week.

            Silver’s milestone was perhaps even more impressive. The white metal pushed through the elusive US$50 per ounce mark and continued on past US$51, marking a new record.

            What’s behind its takeoff? Silver is known for its duality as both a precious and industrial metal, and experts have emphasized that it’s a mix of factors moving silver right now. It’s catching up to gold, which itself is supported by global geopolitical uncertainty and concerns about fiat currencies, and it’s also got its own specific elements at play.

            Backwardation, which happens when a commodity’s spot price is higher than its futures price, has been a frequent topic of discussion, and prior to silver’s move past US$50, precious metals analyst Ted Butler gave a rundown of the implications for silver.

            Here’s what he said:

            ‘Normally, (backwardation) results in an overwhelming demand for physical. That could take the form of SLV investors standing for delivery, whether that be the the industrial players, who are notoriously resolute, or even billionaire whales from India.

            ‘But in that event, which is already playing out, by the way, silver prices and premiums will continue to increase, maybe even dramatically, as the news of insufficient physical silver transmits itself through the market.’

            As those who follow precious metals will know, silver has only been at the US$50 level twice before — the first time was in 1980, when the Hunt brothers tried to corner the market, and the second instance was over a decade ago in 2011. Both of those moves were brief, and investors are understandably wondering if this time is different for silver.

            It’s impossible for anyone to say for sure, but I’ve been hearing market watchers highlight the gold-silver ratio as a way to gauge the outlook for silver.

            Ahead of silver’s US$50 landmark, David Morgan of the Morgan Report explained that the ratio shows silver still has room to rise. Here’s what he said:

            ‘We’re still in the 80s for the gold-silver ratio, which is historically high. And until we get to 70, I’m not going to be particularly happy. And off of today’s gold price, a 71 ratio would be like … US$55 silver, and that would be over that US$50 mark.’

            Morgan also talked about the psychological impact of US$50 silver, saying that it could prompt algorithmic traders and institutions to enter the sector:

            ‘You’ll see algorithms come in and start trading silver, and you’ll probably see institutions come in, because they know that it’s a small market, and they can move the market with a buy order, if it’s significant enough.

            How high can gold and silver prices go?

            Taking a step back to look at the precious metals rally as a whole, I want to reiterate that the experts I’ve been hearing from don’t think this is the end of the bull market.

            While many have emphasized that a correction would be healthy for gold and silver, they think the current cycle is still in progress and is likely to end with much higher prices.

            Here’s Lynette Zang of Zang Enterprises on what could be coming:

            ‘If you go back to the beginning of the year, what you actually see is that while everything is going up, the spot contracts on gold and silver, and particularly silver, are much stronger and more powerful than those prices that we’re seeing in the stock market, or even in the Bitcoin market, in the crypto markets.

            ‘Gold and silver are handily outperforming, and that’s telling us (why) the central banks have been accumulating more gold than they ever have since they began tracking — because they know what they’re doing to destroy the currencies.’

            It’s also worth noting that it’s not just people in the gold and silver space that are optimistic.

            Precious metals are increasingly making news headlines, and more and more mainstream authorities are touting their protective benefits.

            Just this week, American billionaire Ray Dalio of Bridgewater Associates suggested that investors allocate as much as 15 percent of their portfolios to gold. He compared the current environment to the 1970s, a time of high inflation and debt.

            Dalio’s opinion is similar to that of DoubleLine Capital’s Jeffrey Gundlach, who recently said a 25 percent weighting toward gold wouldn’t be excessive.

            Platinum and palladium take off

            Gold and silver may be attracting the most attention, but platinum and palladium are also on the move.

            Platinum, which spent years trading at rangebound levels, has broken out in 2025, and is currently above US$1,600 per ounce, a price not seen since 2013.

            Palladium, whose price has been subdued since seeing several spikes between about 2020 and 2022, was also on the move this week, approaching US$1,500 per ounce.

            While these precious metals are similar, it’s mostly platinum that’s being talked about as a potential opportunity for investors. Historically it’s often been priced higher than gold, and some see the two finding parity again in the future.

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

            This post appeared first on investingnews.com

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            Top 5 Canadian Mining Stocks This Week: Valhalla Jumps 282 Percent on Ambler Approval

            Statistics Canada released September’s job data on Friday (October 10). According to the release, 60,000 jobs were added to the Canadian economy during the month, and the employment rate increased to 60.6 percent, up 0.1 percent from August. However, the unemployment rate remained unchanged at 7.1 percent.

            The increase in the labor market follows a significant decline of 106,000 combined jobs over the previous two months.

            Leading the gains was the manufacturing sector, which added 28,000 jobs to the labor force. The increase was followed by 14,000 new workers in the health care and social assistance sector, and 13,000 new roles in the agriculture sector.

            The natural resources sector posted a 2.2 percent gain, adding 7,100 new jobs over August’s numbers, but the sector shed 18,200 workers over September 2024.

            Earlier in the week, StatsCan released a report on the economic contribution of critical mineral production in 2023 on Monday (October 6).

            In 2023, critical mineral production contributed C$30.2 billion in nominal gross domestic product (GDP) and C$20.9 billion in real GDP terms, which accounted for 1.1 percent of the total economy and 37.4 percent of the mineral and mining sector.

            The report also details a nominal GDP increase of 63 percent and a real GDP growth of 12.7 percent between 2019 and 2023. During the same period, job growth increased by 6.2 percent, with the subsector employing nearly 55,000 workers, outpacing the entire mineral and mining sector and the broader economy, which grew by 5.2 percent and 5.6 percent, respectively.

            South of the border, the White House announced on Monday that President Donald Trump approved the Ambler Access Road project in Alaska. This was followed by a 50 to 46 vote by the Senate on Thursday evening to repeal a land management plan for Alaska that had delayed development of the road.

            The controversial project would connect the Dalton Highway to the Ambler Mining District via a route that passed through the Gates of the Arctic National Park, considered one of the United States’ best-preserved parks.

            The access road was initially approved during Trump’s first term in office, but approvals were rescinded in 2024 under the Biden administration due to the impact on the Western Arctic caribou herd, salmon and other wildlife. The Native American Tribes who live, hunt and fish in the area have largely stood in opposition to the road.

            Proponents point to access to critical minerals like copper and gallium, which have become a focal point as the US seeks to increase domestic production of these minerals, which are required for the advancement of AI technologies, data centers and national defense.

            Both gold and silver soared to record highs this week, with the gold price reaching US$4,058.98 per ounce on Wednesday (October 8) and the silver price climbing to an intraday all-time high of US$51.14 per ounce on Thursday (October 9). While gold has been consistently setting new records in 2025, silver broke its all-time high set in 1980.

            Precious metals have seen broad gains since the start of the year, fueled by widespread uncertainty in the global economy due to factors including chaotic US trade policy and, most recently, the failure of US lawmakers to agree on a funding package to prevent the federal government from shutting down.

            For more on what’s moving markets this week, check out our top market news round-up.

            Markets and commodities react

            Canadian equity markets were mixed this week.

            The S&P/TSX Composite Index (INDEXTSI:OSPTX) halted its record-breaking run this week, losing 1.17 percent to close Friday at 29,850.89.

            The S&P/TSX Venture Composite Index (INDEXTSI:JX) fared better, ending a volatile week up 1.75 percent at 980.77. The CSE Composite Index (CSE:CSECOMP) was up 2.2 percent to close out the week at 184.31.

            The gold price set another new record, reaching an intraday high of US$4,058.98 per ounce on Wednesday. On the week, gold was up 3.39 percent to US$4,018.68 by Friday’s close.

            The silver price saw even stronger gains, breaking its own all time high on Thursday at US$51.14 per ounce, before pulling back slightly to post a weekly gain of 4.27 percent to US$50.03 per ounce by 4:00 p.m. EDT Friday.

            Copper was up as much as 3 percent on the week during trading Thursday, but the copper price collapsed on Friday, falling from US$5.10 to end the week at US$4.80 per pound.

            The S&P Goldman Sachs Commodities Index (INDEXSP:SPGSCI) fell 0.71 percent to end Friday at 539.97.

            Top Canadian mining stocks this week

            How did mining stocks perform against this backdrop?

            Take a look at this week’s five best-performing Canadian mining stocks below.

            Stocks data for this article was retrieved at 4:00 p.m. EDT on Friday using TradingView’s stock screener. Only companies trading on the TSX, TSXV and CSE with market caps greater than C$10 million are included. Mineral companies within the non-energy minerals, energy minerals, process industry and producer manufacturing sectors were considered.

            1. Valhalla Metals (TSXV:VMXX)

            Weekly gain: 282.35 percent
            Market cap: C$44.59 million
            Share price: C$0.65

            Valhalla Metals is a polymetallic exploration company with a pair of projects in Alaska’s Ambler Mining District, the Sun and Smucker projects.

            Its primary focus, the Sun project consists of 392 claims that cover an area of 25,382 hectares.

            A May 2022 technical report states that the indicated resource for the project is 1.71 million metric tons of ore containing 55.85 million pounds of copper, 162.96 million pounds of zinc, 42.04 million pounds of lead, 3.3 million ounces of silver and 12,000 ounces of gold.

            It also reported an inferred resource of 9.02 million metric tons containing 239.64 million pounds of copper, 831.33 million pounds of zinc, 290.26 million pounds of lead, 23.68 million ounces of silver and 73,000 ounces of gold.

            The project is largely dependent on the construction of the 211 mile Ambler Access Road, which Trump approved in his first term. Former President Joe Biden rescinded the federal permit in 2024 due to environmental concerns, which is discussed in-depth above.

            Shares in Valhalla surged this week after the Senate and the White House signaled support for the project. The company said in a news release on Tuesday (October 7) that it was excited by the reversal and will now be able to restart exploration and expand the known resources at the Sun Deposit.

            2. Trilogy Metals (TSX:TMQ)

            Weekly gain: 191.35 percent
            Market cap: C$1.53 billion
            Share price: C$8.42

            Trilogy Metals is a polymetallic exploration and development company working to advance its Upper Kobuk mineral projects in Northern Alaska, which it owns in a 50/50 joint venture with South32 (ASX:S32,OTC Pink:SHTLF).

            Its most advanced asset is the Arctic copper, zinc, lead, gold and silver project, which is in the feasibility stage. In an updated feasibility study from February 2023, the company reported annual payable production volumes of 148.68 million pounds of copper, 172.6 million pounds of zinc, 25.75 million pounds of lead, 32,538 ounces of gold and 2.77 million ounces of silver.

            After tax, the study pegged the net present value at US$1.11 billion, with an internal rate of return of 22.8 percent and a payback period of 3.1 years.

            Trilogy’s other key asset is the Bornite copper-cobalt project located 25 kilometers southwest of its Arctic project. The site hosts widespread mineralization and has seen historic exploration dating back to the 1950s.

            A preliminary economic assessment for Bornite, dated January 15, established an after-tax net present value of US$393.9 million, with an internal rate of return of 20 percent and a payback period of 4.4 years. The updated mineral resource included with the report estimates an inferred resource of 6.53 billion pounds of copper with an average grade of 1.42 percent from 208.9 million metric tons of ore.

            Like Valhalla’s, shares in Trilogy surged this week on the news that the US government approved construction of the Ambler Access Road.

            Additionally, Trilogy reported on Monday that it had entered into a binding letter of intent, that would see the US Department of Defense invest US$17.8 million in Trilogy in exchange for 8.22 million shares, or 10 percent of the company, and will hold warrants for an additional 7.5 percent.

            Both Trilogy and the DoD stated that they will work in good faith to facilitate financing for the construction of the road and will include permit applications for the FAST-41 process to expedite mining development.

            3. ARES Strategic Mining (CSE:ARS)

            Weekly gain: 180.65 percent
            Market cap: C$184.54 million
            Share price: C$0.87

            Ares Strategic Mining is a development company advancing its Lost Sheep fluorspar mine in Utah, US, to production.

            Initially acquired in 2020, the property consists of 353 claims across 5,982 acres south-west of Salt Lake City. The Lost Sheep fluorspar mine is currently in the construction phase and has received backing from the state of Utah and the federal government. It is the only permitted fluorspar mine in the country.

            Ares reported on July 31 that it had launched a program with Iowa State University and the Ames National Laboratory to explore the potential of extracting gallium from the site in addition to fluorspar,

            As part of this research, the company indicated on September 16 that it had also confirmed the presence of germanium within fluorspar samples from its Lost Sheep mine. The company said that the discovery has the potential to unlock additional critical mineral value from the project.

            In its most recent construction update on September 11, Ares reported the Lumps plant has reached an advanced stage, with concrete foundations and pads being completed and steel frame structures being erected.

            4. Nord Precious Metals (TSXV:NTH)

            Weekly gain: 154.55 percent
            Market cap: C$17.04 billion
            Share price: C$0.42

            Nord Precious Metals is focused on advancing its projects in Ontario, Canada, and owns the TTL silver gravity plant in the region.

            The company’s primary exploration property is the Castle project located south of Timmins in the Cobalt Camp. It covers an area of 7,332.76 hectares and hosts the past producing Castle mine complex, which produced 9.4 million ounces of silver and 376,000 pounds of cobalt.

            A 2021 mineral resource estimate revealed a total inferred silver equivalent resource of 7.57 million ounces, with an average grade of 7,149 grams per metric ton (g/t) silver, 2,537 g/t cobalt, 628 g/t of copper, and 467 g/t of nickel, from 32.9 million metric tons of ore.

            The company also owns the past-producing Beaver Mine, located just east of Castle along the border between Ontario and Quebec. The mine operated until 1940 and produced 7.1 million ounces of silver.

            The company has been working on the development of a tailings recovery program at the site, announcing on October 1 that test work produced commercial high-grade silver with concentrations up to 2,114.9 g/t.

            Nord is planning to apply for a recovery permit to process tailings at its TTL gravity plant, which it plans to begin commissioning once it receives the permit.

            The company said that the results validate the technical approach to the tailings program.

            5. Avalon Advanced Materials

            Weekly gain: 145.45 percent
            Market cap: C$47.82 billion
            Share price: C$0.135

            Avalon Advanced Materials is an explorer and developer focused on lithium projects in Canada.

            The company’s flagship project is its 40 percent owned Separation Rapids lithium project in Ontario, a joint venture with SCR-Sibelco, which owns the remaining 60 percent.

            The project consists of three primary lithium targets: the Separation Rapids deposit; the Snowbank target, located near Kenora; and the Lilypad project near Fort Hope, which also hosts tantalum and cesium mineralization.

            The pair increased the project’s measured and indicated resource by 28 percent in late February.

            Avalon is also developing the Lake Superior lithium processing facility in Thunder Bay, Ontario.

            The most recent news from Avalon came on Thursday when it reported that it had produced lithium hydroxide and analcime using an alkaline leach process developed by Finnish mineral processing company Metso.

            The company said that early assessments indicate a 60 percent potential reduction in water use, along with a smaller carbon footprint compared to traditional methods. It stated that the achievement marked a milestone for the company to establish a sustainable lithium processing solution at its facility

            FAQs for Canadian mining stocks

            What is the difference between the TSX and TSXV?

            The TSX, or Toronto Stock Exchange, is used by senior companies with larger market caps, and the TSXV, or TSX Venture Exchange, is used by smaller-cap companies. Companies listed on the TSXV can graduate to the senior exchange.

            How many mining companies are listed on the TSX and TSXV?

            As of May 2025, there were 1,565 companies listed on the TSXV, 910 of which were mining companies. Comparatively, the TSX was home to 1,899 companies, with 181 of those being mining companies.

            Together, the TSX and TSXV host around 40 percent of the world’s public mining companies.

            How much does it cost to list on the TSXV?

            There are a variety of different fees that companies must pay to list on the TSXV, and according to the exchange, they can vary based on the transaction’s nature and complexity. The listing fee alone will most likely cost between C$10,000 to C$70,000. Accounting and auditing fees could rack up between C$25,000 and C$100,000, while legal fees are expected to be over C$75,000 and an underwriters’ commission may hit up to 12 percent.

            The exchange lists a handful of other fees and expenses companies can expect, including but not limited to security commission and transfer agency fees, investor relations costs and director and officer liability insurance.

            These are all just for the initial listing, of course. There are ongoing expenses once companies are trading, such as sustaining fees and additional listing fees, plus the costs associated with filing regular reports.

            How do you trade on the TSXV?

            Investors can trade on the TSXV the way they would trade stocks on any exchange. This means they can use a stock broker or an individual investment account to buy and sell shares of TSXV-listed companies during the exchange’s trading hours.

            Article by Dean Belder; FAQs by Lauren Kelly.

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

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

            This post appeared first on investingnews.com

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            SAGA Metals Announces Closing of Fully Subscribed Non-Brokered Private Placement and Provides Corporate Update

            NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSMINATION IN THE UNITED STATES.

            Saga Metals Corp. (‘SAGA’ or the ‘Company’) (TSXV: SAGA,OTC:SAGMF) (OTCQB: SAGMF) (FSE: 20H), a North American exploration company focused on critical minerals, is pleased to announce the closing of its previously announced non-brokered private placement pursuant to which the Company raised aggregate gross proceeds of C$2,988,024.64 (the ‘ Offering ‘).

            Pursuant to the Offering, the Company issued (i) 7,100,088 flow-through common share units of the Company (the ‘ FT Units ‘) at C$0.28 per FT Unit for gross proceeds of C$1,988,024.64, and (ii) 4,000,000 hard dollar common share units of the Company (the ‘ HD Units ‘, and together with the FT Units, the ‘ Securities ‘) at C$0.25 per HD Unit for gross proceeds of C$1,000,000.

            Financing Overview:

            Each FT Unit consists of one flow-through common share as defined in subsection 66(15) of the Income Tax Act (Canada) (the ‘ Tax Act ‘), and one-half of one transferable common share purchase warrant (each whole warrant, a ‘ Warrant ‘). Each Warrant will entitle its holder to purchase one common share in the capital of the Company (a ‘ Warrant Share ‘) at a price of C$0.50 until October 10, 2027. The Warrant Shares underlying the FT Units will not qualify as ‘flow-through shares’ under the Tax Act.

            Each HD Unit consists of one common share and one-half of one Warrant. Each whole Warrant will entitle its holder to purchase one Warrant Share at a price of C$0.50 until October 10, 2027.

            Each of the Warrants will be subject to the right of the Company to accelerate the expiry date of the Warrants to a date that is 30 days following dissemination of a news release announcing such acceleration if, at any time, after October 10, 2025 (the ‘ Closing Date ‘), the closing price of the Company’s common shares equals or exceeds C$0.75 for a period of ten consecutive trading days on the TSX Venture Exchange (the ‘ Exchange ‘).

            All securities issued in connection with the Offering are subject to a hold period of four months and one day following the Closing Date pursuant to applicable securities laws, expiring February 11, 2026.

            The Company paid cash finder’s fees in the aggregate amount of $130,003 and issued an aggregate of 478,204 finder’s warrants in connection with the Offering. Each finder’s warrant entitles the holder thereof to purchase one common share of the Company at a price of $0.50 per share for a period of 24 months from the Closing Date.

            The gross proceeds from the FT Units will be used by the Company for ‘Canadian exploration expenses’ that are ‘flow-through critical mineral mining expenditures’ (as such terms are defined in the Tax Act) on the Company’s Canadian mineral resource properties. The net proceeds of the HD Units will be used by the Company for administrative and general working capital, which may include investor relations activities.

            The securities of SAGA have not been and will not be registered under the United States Securities Act of 1933, as amended (the ‘ U.S. Securities Act ‘), or any state securities laws, and may not be offered or sold, within the United States, unless exemptions from the registration requirements of the U.S. Securities Act and applicable state securities laws are available.

            No securities regulatory authority has reviewed or approved of the contents of this news release. This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities of SAGA in any jurisdiction in which such offer, solicitation or sale would be unlawful.

            Marketing Services Agreement with Capitaliz.

            The Company further reports that it has entered into a digital marketing services agreement effective as of October 13, 2025 (the ‘ Capitaliz Agreement ‘) with 1123963 B.C. Ltd. D.B.A. Capitaliz (‘ Capitaliz ‘). Pursuant to the Capitaliz Agreement, Capitaliz will, among other things, provide the Company with certain marketing services to expand investor awareness of the Company’s business and to communicate with the investment community (the ‘ Capitaliz Services ‘). The Capitaliz Services will be provided by Capitaliz over a three-month term. The Capitaliz Agreement may be terminated at any time by either party with 30 days’ notice.

            Capitaliz is a content-driven digital marketing agency that connects public companies with social media influencers across all major social media platforms, leveraging a creator network that reaches over 100 million subscribers.

            The Capitaliz Services will include, among other things: (i) multimedia content creation and syndication, including the production and distribution of editorial video content; (ii) targeted traffic generation through a combination of pay-per-click advertising, social media marketing, native advertising, search engine optimization, email campaigns, and retargeting strategies; and (iii) strategic social media amplification of campaign content across platforms such as Investorhub and YouTube; and (iv) expanded distribution through established relationships with financial media platforms. In consideration of the Capitaliz Services, and pursuant to the terms and conditions of the Capitaliz Agreement, the Company has agreed to pay Capitaliz a fee of C$200,000 (plus applicable taxes) over a three-month term, which will be paid using the Company’s available working capital.

            The Capitaliz Services will be rendered primarily online through a variety of news and investment community communications channels. Jeff Leslie, the principal of Capitaliz – located at 704 – 595 Howe Street, Box 35, Vancouver, BC, V6C 2T5 – will be involved in conducting the Capitaliz Services. Capitaliz and Mr. Leslie do not have any interest, directly or indirectly, in the Company or its securities, or any right or intent to acquire such an interest. The terms and conditions of the Capitaliz Agreement remain subject to approval of the Exchange.

            Online Marketing Agreement with i2i Marketing Group, LLC.

            In addition, the Company reports that it entered into an online marketing agreement (the ‘ i2i Agreement ‘) with i2i Marketing Group, LLC (‘ i2i ‘). Pursuant to the i2i Agreement, i2i will, among other things, provide the Company with corporate marketing and investor awareness services, including, but not limited to, content creation management, author sourcing, project management and media distribution (the ‘ i2i Services ‘). The i2i Services will be provided by i2i pursuant to an initial US$250,000 budget, which will be paid using the Company’s available working capital, and may continue on a month-to-month basis thereafter until the i2i Agreement is terminated. The i2i Agreement may be terminated by either party upon 10 days’ advance written notice to the other party during the contract term.

            The i2i Services will be rendered primarily online through a variety of news and investment community communications channels. Joe Grubb and Kailyn White, principals of i2i will be providing services on behalf of i2i, which has an office located at 1107 Key Plaza #222 Key West, FL 33040. i2i, Mr. Grubb, and Ms. White do not have any interest, directly or indirectly, in the Company or its securities, or any right or intent to acquire such an interest.

            The terms and conditions of the i2i Agreement remain subject to approval of the Exchange.

            About Saga Metals Corp.

            Saga Metals Corp. is a North American mining company focused on the exploration and discovery of a diversified suite of critical minerals that support the global transition to green energy. The Radar Titanium Project comprises 24,175 hectares and entirely encloses the Dykes River intrusive complex, mapped at 160 km² on the surface near Cartwright, Labrador. Exploration to date, including a 2,200m drill program, has confirmed a large and mineralized layered mafic intrusion hosting vanadiferous titanomagnetite (VTM) with strong grades of titanium and vanadium.

            The Double Mer Uranium Project, also in Labrador, covers 25,600 hectares featuring uranium radiometrics that highlight an 18km east-west trend, with a confirmed 14km section producing samples as high as 0.428% U 3 O 8 and uranium uranophane was identified in several areas of highest radiometric response (2024 Double Mer Technical Report).

            Additionally, SAGA owns the Legacy Lithium Property in Quebec’s Eeyou Istchee James Bay region. This project, developed in partnership with Rio Tinto, has been expanded through the acquisition of the Amirault Lithium Project. Together, these properties cover 65,849 hectares and share significant geological continuity with other major players in the area, including Rio Tinto, Winsome Resources, Azimut Exploration, and Loyal Metals.

            With a portfolio that spans key minerals crucial to the green energy transition, SAGA is strategically positioned to play an essential role in the clean energy future.

            On Behalf of the Board of Directors

            Mike Stier, Chief Executive Officer

            For more information, contact:

            Rob Guzman, Investor Relations
            Saga Metals Corp.
            Tel: +1 (844) 724-2638
            Email: rob@sagametals.com
            www.sagametals.com

            Neither the TSX Venture Exchange nor its Regulation Service 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 Disclaimer

            This news release contains forward-looking statements within the meaning of applicable securities laws that are not historical facts. Forward-looking statements are often identified by terms such as ‘will’, ‘may’, ‘should’, ‘anticipates’, ‘expects’, ‘believes’, and similar expressions or the negative of these words or other comparable terminology. All statements other than statements of historical fact, included in this release are forward-looking statements that involve risks and uncertainties. In particular, this news release contains forward-looking statements regarding discussions of future plans, estimates and forecasts and statements as to management’s expectations and intentions with respect to, among other things, the Offering, including the expected use of proceeds from the Offering, the receipt of the Capitaliz Services and the i2i Services, and the terms of the Capitaliz Agreement and the i2i Agreement. 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. Important factors that could cause actual results to differ materially from the Company’s expectations include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, environmental risks, limitations on insurance coverage, inherent risks and uncertainties involved in the mineral exploration and development industry, particularly given the early-stage nature of the Company’s assets, and the risks detailed in the Company’s continuous disclosure filings with securities regulations from time to time, available under its SEDAR+ profile at www.sedarplus.ca. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements only as expressly required by applicable law.

            News Provided by GlobeNewswire via QuoteMedia

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