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October 16, 2025

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Republicans push to pay troops, reopen government as Democrats balk

Senate Democrats wanted an equal say in crafting spending bills before the shutdown and are about to get a chance to do so, but they’re unlikely to support Republicans’ latest effort to jump-start the government funding process.

The Senate on Thursday is set to move through a procedural hurdle on the annual defense spending bill, which, among other things, would ensure that military service members would get their paychecks.

Senate Majority Leader John Thune, R-S.D., teed up the bill earlier this week as the shutdown raged on to pressure Senate Democrats to make good on their desire to fund the government in a bipartisan manner, and in the hopes of getting the appropriations process moving again. 

‘We can actually get the appropriations process going forward,’ Thune said. ‘So that’s in the works.’

And in the Senate, given the 60-vote filibuster threshold, spending bills are prime examples of the many pieces of legislation that have to be bipartisan to pass. But Senate Democrats seemed unwilling to go all in on supporting the defense bill, and like the Republicans’ plan to reopen the government, appear ready to block Thune’s effort.

They want to know exactly what Republicans plan to put on the floor later on, despite the vote on Thursday afternoon being designed to give lawmakers the chance to move forward with at least one of several spending bills that must be passed to fund the government.

‘We have to see what they’re going to put on the floor,’ Senate Minority Leader Chuck Schumer, D-N.Y., said. ‘They haven’t told us yet.’

Republicans are also eyeing at least three other spending bills to attach to the defense appropriations bill, including legislation that would fund the departments of Labor, Commerce, Transportation, Health and Human Services, and Housing and Urban Development.

Sen. Mike Rounds, R-S.D., is a member of the Senate Appropriations Committee and appears ready for the reality that Democrats would block the defense bill and broader spending package.

‘You have to start with the defense, and then you can add the other ones to it, but once again, it takes agreement by our Dem colleagues that want to move that forward,’ he said. ‘I’m not sure that we’ve got the votes to do that yet.’

There is a trust deficit between Senate Democrats and Republicans from earlier this year when the GOP passed President Donald Trump’s request to claw back billions in funding for foreign aid and NPR and PBS, in addition to continued actions by Office of Management and Budget Director Russ Vought to withhold or cancel funding for Democratic priorities.

Sen. Sheldon Whitehouse, D-R.I., told Fox News Digital after Senate Democrats met behind closed doors on Wednesday that there had been no indication from Republicans there would be ‘bipartisan cooperation or any willingness to put any guardrails around what they plan to do.’

‘I think the stage we’re at is that we’ve been shown nothing,’ he said. ‘So there’s no reason to vote for it yet.’

‘I think what was needed is a larger agreement about how the appropriations process is moving forward, so it’s clear that our priorities are respected,’ he continued.

However, pairing the defense bill could grease the wheels for some in the Democratic caucus.

‘No, not unless it’s paired with [the Labor and HHS bill],’ Sen. Angus King, I-Maine, said.

Thune’s move to reignite the appropriations process, an exercise that played out in the Senate in early August when lawmakers advanced a trio of funding bills ahead of the shutdown deadline, is part of Republicans’ broader desire to fund the government the old-fashioned way, rather than through a colossal omnibus spending package.

It’s an exercise, however, that hasn’t been fully completed since the 1990s.

Sen. Eric Schmitt, R-Mo., noted to Fox News Digital that a major part of selecting a new leader for the Senate GOP was returning to what’s known as regular order, or passing spending to fund the government.

He argued that when Schumer ran the Senate as majority leader, the upper chamber was often resigned to passing ‘these omnibus bills that were developed in the, you know, middle of the night with four people.’

‘We’re not interested in that. So we want to get bills on the floor, and they’ve got to move in a bipartisan way, right? So I think this is something that I would hope Democrats would support, too,’ he said. ‘But if their mentality is at this point, you know, just oppose everything Republicans want to do, it’s pathological, and I don’t have any advice for them except seek help.’

Republicans are still trying to reopen the government and plan to put the House-passed continuing resolution (CR) on the floor again Thursday for a 10th time. And just like many times before, it is expected to fail.

When asked if he believed that the shutdown could transform into lawmakers passing spending bills one-by-one to reopen the government, Thune said, ‘I certainly hope not.’ 

This post appeared first on FOX NEWS

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Johnson says ‘Marxists’ run Democratic Party as government shutdown heads into next week

Speaker Mike Johnson, R-La., accused the Democratic Party of being taken over by far-left ‘Marxists’ on Day 16 of the federal government shutdown.

The leader of the House of Representatives was visibly frustrated while speaking to reporters on Thursday, accusing Senate Minority Leader Chuck Schumer, D-N.Y., and other Democrat leaders of prolonging the fiscal standoff for political gain.

‘This is not your grandfather’s Democratic Party. It truly has become the far-left, Marxist-left, that are running that whole operation. And it has real effects on real people,’ Johnson said.

Senate Democrats have now rejected Republicans’ federal funding plan 10 times.

Republicans put forward last month a seven-week extension of fiscal year (FY) 2025 funding levels, called a continuing resolution (CR), aimed at giving congressional negotiators more time to strike a long-term deal for FY2026.

But Democrats in the House and Senate were infuriated by being sidelined in those talks. Schumer and House Minority Leader Hakeem Jeffries, D-N.Y., said their caucuses would not accept any deal that does not include serious healthcare concessions, at least extending COVID-19 pandemic-era Obamacare subsidies that are set to expire at the end of this year.

Johnson and Republicans have accused Schumer of kowtowing to pressure by progressives after he was key to helping the same funding bill pass the Senate in March, avoiding a shutdown earlier this year. That move saw Schumer face a barrage of attacks from his left flank.

‘The only explanation for this is that Chuck Schumer does not want to face the heat and the scrutiny and the abuse that he took in March for doing the right, responsible thing by the far-left voices in his party,’ Johnson said.

He said the ‘voices of the party’ were Democratic socialist Sen. Bernie Sanders, I-Vt., and progressive Rep. Alexandria Ocasio-Cortez, D-N.Y., as well as New York City mayoral candidate Zohran Mamdani.

‘Look, Mamdani is on a path, shockingly, sadly, frighteningly, to become the elected mayor of the largest city in America, the once-cradle of capitalism. There is a Marxist rise in the Democratic Party,’ Johnson said.

‘The old guard — and I’m saying old guard, Chuck Schumer has been here for 44 years — he is not the flavor of the month, and he knows that he’s going to get a challenge. If it’s not AOC, it’ll be another disciple of Mamdani or somebody like that.’

He said Democrats ‘have to stand for the farthest-left ideas, socialism, communism, Marxism, right now to be in favor in the Democratic Party.’

Schumer, in turn, has criticized Johnson for his decision to keep the House in recess while the Senate’s fiscal standoff continues.

‘Republican leaders, especially Speaker Johnson, continue to dig in. The speaker has now kept the House Republicans on vacation for three weeks, as if they can make the issue go away by letting House Republicans hide. Well, the American people don’t have time for Republican inaction,’ Schumer said Wednesday.

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Former security guard at US Embassy overseas is convicted of spying for Russia and Iran

A former security guard at the U.S. Embassy in Norway was convicted of spying on behalf of Russia and Iran, a report said. 

The 28-year-old Norwegian, whose identity has not been made public, was sentenced Wednesday to three years and seven months, The Associated Press reported. 

A Norwegian police official reportedly told Reuters at the time of the suspect’s arrest last November that he was working at the U.S. Embassy in Oslo, Norway’s capital. 

The State Department did not immediately respond to a request for comment Thursday from Fox News Digital. 

Prosecutors alleged that the man handed over details about the embassy’s diplomats, its floor plans and security routines, among other information, Norwegian state broadcaster NRK reported. The broadcaster added that American ties to Israel and the war in Gaza prompted the man to contact Russia and Iran. 

The suspect acknowledged the indictment’s facts but denied any criminal guilt, according to the AP.

The man’s defense attorneys said in a statement Thursday that the verdict raises questions about what is considered espionage under Norwegian law. 

‘He lied about having security clearance to agents from other countries and exaggerated his own role,’ attorney Inger Zadig of Elden Law Firm told the AP. ‘He had roughly the same level of access as a janitor at the embassy. The information he shared was worthless and neither separately nor collectively capable of harming individuals or the security interests of any state.’ 

The defendant was found guilty of five espionage-related charges and was acquitted of gross corruption. His defense attorneys are weighing whether to appeal the verdict. 

At the time of his arrest last November, the man had been studying for a bachelor’s degree in security and preparedness at Norway’s Arctic University, UiT. 

The Associated Press contributed to this report. 

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Senate Democrats block GOP plan for 10th time, ensuring shutdown lasts into next week

Senate Democrats for a 10th time blocked Republicans’ attempts to reopen the government and have ensured that the shutdown goes into next week.

That’s because after one final vote series later on Thursday, lawmakers will leave Washington, D.C., for another long weekend after just three short days on the Hill.

Neither Republicans nor Democrats are ready to flinch in their deeply entrenched positions, and talks between both sides, though largely informal exercises, have begun to fade.

Senate Majority Leader John Thune, R-S.D., is determined to continue on the same course of action to keep bringing the House-passed continuing resolution (CR), which would reopen the government until Nov. 21, up for a vote again and again.

Though some in the GOP are mulling a new end date for the CR, that would require the House, which has been out of session for nearly a month, to come back and pass a new one.

While Thune and Republicans are adamant that their plan is the only pathway to ending the shutdown, now on Day 16, Senate Minority Leader Chuck Schumer, D-N.Y., and the Senate Democratic caucus still want to hammer out a deal on expiring Obamacare subsidies — and they want President Donald Trump to get directly involved in negotiations.

‘We’re willing to have, as I said, conversations about all the other issues that they want to talk about,’ Thune said. ‘But that can’t happen while they are holding the federal government and all these federal employees and our troops and our air traffic controllers and our TSA agents and our border Patrol officials hostage. Open up the government.’

‘Every day that this goes on, the problems are compounded for federal workers and for ordinary Americans,’ he continued. ‘Chuck Schumer may think that every day gets better for them politically, but I can tell you that is not the experience of the American people.’

When asked if he would compromise on the Democrats’ demands as the shutdown dragged on, Schumer dodged and countered that he wouldn’t negotiate in the public eye.

‘The bottom line is [Republicans] won’t even negotiate with us,’ Schumer said. ‘So that’s a premature question. But of course, I’m not going to negotiate in public. We need to address the crisis that is afflicted, and that’s the right word, the American people.’

However, Sen. Markwayne Mullin, R-Okla., said that Republicans weren’t working on a subsidy proposal to show Democrats, and he noted that talks between the parties were ‘not really’ happening anymore.

When asked if it was possible to get an extension of the credits before the Nov. 1 open enrollment date, he said, ‘I don’t think there’s a way to do that.’

‘And I think if you don’t have it done by Christmas, it becomes a political issue,’ Mullin said. ‘But you could maybe push it to January, to February, if you wanted to, but we get bumped up against, you know, everybody’s primaries, from the Democrat primaries and Republican primaries, and it becomes a political issue, because, unfortunately, healthcare is political.’

Republicans are also trying to reignite the appropriations process in the Senate as the shutdown continues on. Thune teed up a procedural vote later Thursday on the Senate’s defense spending bill, which, among other things, would fund paychecks for the military.

Whether Democrats support the spending bill after spending months demanding a bipartisan government funding process remains an open question — many argued after their closed-door meeting on Wednesday that they didn’t know exactly what Republicans were going to put on the floor and considered a vote on it moot.

As with most of the past 10 attempts to send the House-passed CR to Trump’s desk, the same trio of Democratic caucus members, Sens. John Fetterman, D-Pa., Catherine Cortez Masto, D-Nev., and Angus King, I-Maine, voted with Senate Republicans.

Fetterman, who has consistently voted with the GOP every time, echoed his counterparts across the aisle and said that any outside issues aside from reopening the government could be dealt with after the lights were turned back on in Washington.

‘It was wrong to shut it down in March,’ he said. ‘I’m in the same position. It’s not going to change. Everything else we’re talking about,  open up the government first, and then we can figure out the rest.’

This post appeared first on FOX NEWS

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Grenell praises Trump’s ‘common sense’ foreign policy, slams Biden for avoiding Putin

Kennedy Center President and Ambassador Richard Grenell slammed former President Joe Biden for avoiding Russian President Vladimir Putin as war raged between Russia and Ukraine, while praising President Donald Trump’s ‘common sense’ foreign policies.

‘You have a president who is really watching the situation, unlike the last president, Joe Biden, who literally didn’t talk to Vladimir Putin for three and a half years,’ he said. ‘President Trump doesn’t believe in that strategy. He wants to confront the issues. He wants to figure out ways to fix them.’

Trump plans to speak with Russian President Vladimir Putin Thursday — just hours after Russian missiles and drones attacked Ukrainian cities. Ukrainian President Volodymyr Zelenskyy already had been scheduled to head to Washington to meet with Trump Friday, to discuss the war and strengthening his country’s defenses. 

Trump vowed from the campaign trail that he would facilitate negotiations for a peace deal to end the war between Russia and Ukraine, which has raged since 2022, but ongoing talks have yet to yield an agreement. 

In addition to Russia and Ukraine, Trump also has been active in efforts to bring peace to the Middle East. Trump secured a historic peace declaration as of Monday, when he traveled to Israel and Egypt to meet with foreign leaders stretching from the Middle East to Europe.

Grenell discussed Trump’s strategy for international conflicts during his second term in office while attending ‘The Sound of Music’ at the Kennedy Center in Washington, D.C.

‘Well, first of all, I’ve worked with President Trump for a long time, and the one thing about President Trump is that he’s filled with common sense, and he evaluates his decisions constantly,’ Grenell told Fox News Digital.

Grenell said Trump can make America stronger on the world stage with his ability and willingness to adapt to different international conflicts.

‘You see him adjust the policy,’ he said. ‘Something isn’t working, he’s not afraid to replace somebody or change the policy.’

Grenell described Trump as an ‘active president’ who is ready to make moves and advance U.S. interests.

‘I think that what we’re seeing on the global stage is someone who is an activist president, watching the situation, adjusting the policy so that it’s making America stronger, more prosperous, and solving problems around the world,’ Grenell said.

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Standard Uranium Confirms Strong Radioactivity at Surface During Successful Exploration Program at the Rocas Uranium Project

Standard Uranium Ltd. (TSXV: STND,OTC:STTDF) (OTCQB: STTDF) (FSE: FWB:9SU0) (‘Standard Uranium’ or the ‘Company’) is pleased to announce preliminary results from its 2025 exploration program at the Rocas Uranium Project (‘Rocas’, or the ‘Project’), currently under a three-year earn-in option agreement with Collective Metals Inc. (‘Collective Metals’) (CSE: COMT). From September 30th to October 8th, 2025, the Company completed a detailed mapping and sampling program across historical uranium showings and zones of interest on the Project, identifying multiple zones of strong radioactivity.

Highlights:

  • Strong Radioactivity at Surface – Verification of strong radioactivity at multiple historical uranium showings, with several handheld scintillometer measurements exceeding 10,000 counts per second (‘cps’) at surface.

  • Discovery of New Radioactive Showings – Scintillometer prospecting identified previously undocumented radioactive anomalies across the Project area within lithologies favorable for uranium and Rare Earth Element (‘REE’) mineralization.

  • Prime Location – Geological mapping along structural and electromagnetic (‘EM’) trends across the Project confirmed the presence of deformed and hydrothermally altered basement lithologies along more than 7.5 km of exploration strike length south of Key Lake.

  • New Uranium Targets – Results from a high-resolution ground gravity survey completed in 2024 highlight potential alteration halos and high-priority exploration targets along well-defined structural corridors. A diamond drill program is planned for 2026 to test targets identified and prioritized through detailed exploration activities carried out this year.

‘The confirmation of strong radioactivity at the Rocas Project is an exciting step forward, directly validating historical uranium showings and highlighting the Project’s discovery potential,’ said Sean Hillacre, President & VP Exploration of Standard Uranium. ‘Surface grab samples and technical information collected during this program not only strengthen our geological model but also add real value ahead of a maiden drill program planned for next year.’

Figure 1. Regional map of Standard Uranium’s Rocas Project. The Project is located 75 kilometres southwest of the Key Lake Mine and Mill facilities along Highway 914.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10633/270619_0d251aeee4aeba99_001full.jpg

2025 Prospecting Program – Preliminary Results

The Rocas project comprises 4,002 hectares, located 75 kilometers southwest of the Key Lake Mine and Mill facilities along Highway 914, and approximately 72 kilometers south of the present-day margin of the Athabasca Basin (Figure 1). Beginning September 30th and concluding October 8th, 2025, the Standard Uranium technical team completed a detailed mapping, prospecting, and sampling program to ground-truth historical uranium showings at surface on the Project.

  • A total of 16 outcrop and boulder grab samples have been submitted to Saskatchewan Research Council Geoanalytical Laboratories in Saskatoon, SK for whole-rock, uranium, and REE geochemical analysis.

  • Prospecting confirmed several uraniferous outcrops and boulders across the Project, including SMDI showing 5781 (1,100 ppm U)1. Anomalous* radioactivity with a peak of >33,000 cps was measured at SMDI showing 5781 (Figure 2) with several other instances of elevated radiometry were noted, locally up to 26,000 cps.

  • A total of 73 handheld scintillometer readings of anomalous radioactivity >300 cps were recorded, including 10 measurements >10,000 cps at surface (Figure 3). Prospecting for radioactive boulders and outcrop was completed using handheld RS-120 Super-Scintillometers and RS-125 Super-Spectrometers manufactured by Radiation Solutions Inc. (‘RSI’).

  • More than 150 detailed geological observations, structural measurements, and scintillometer readings were taken from several outcrops across the Project within the target areas, identifying deformed and hydrothermally altered basement lithologies associated with radioactivity (Figure 4).

Figure 2. Investigation at SMDI showing 5781 returned strong radioactivity across an area of 35 m. Scintillometer readings ranging from: A) 26,900 cps, B) 25,400 cps, and C) 33,000 cps.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10633/270619_0d251aeee4aeba99_002full.jpg

Figure 3. Newly discovered quartz-rich pegmatitic orthogneiss outcrop reaching upwards of 28,200 cps along the northern conductor trend. Outcrop was partially under soil cover.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10633/270619_0d251aeee4aeba99_003full.jpg

Figure 4. Oxidized metasediment outcrop with hematite and limonite alteration

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10633/270619_0d251aeee4aeba99_004full.jpg

Rocas Project Exploration

The Company plans to complete the first ever drill program on the Project in 2026 to begin testing high-priority zones along the main 7.5 kilometre magnetic low/EM conductive corridor, which is host to several uranium showings and has remained un-drill tested to date.

Earlier this year, the Company contracted MWH Geo-Surveys (Canada) Ltd. to carry out a high-resolution ground gravity survey over the Rocas Project2, while Convolutions Geoscience Corporation has completed subsequent processing, interpretation, and modelling of the gravity data. The ground gravity survey outlines several gravity low anomalies coincident with historical surface mineralization, lakebed geochemical anomalies, and cross-cutting fault zones along the known conductive exploration trends on the Project.

Historical airborne EM work in 2017 defined conductive trends on the Project west of and sub-parallel to the Key Lake Road shear zone, corresponding with favourable metasedimentary basement lithologies. Multiple parallel conductors, offsets, and termination points indicate the trend widening and potential cross-cutting structures. Additionally, a 2007 field sampling program identified anomalous lakebed geochemical anomalies that statistically rank as greater than 95th percentile U, Co, V, and Zn along the conductor corridor, including high U/Th ratios3.

The Company believes the Project is highly prospective for the discovery of shallow, high-grade** basement-hosted uranium mineralization. Positioned proximal to the margin of the Athabasca Basin, Rocas boasts shallow drill targets with bedrock under minimal glacial till cover. Historical mineralized outcrop grab samples along approximately 900 metres of strike length, returned values ranging from 587 ppm U (SN85073) up to 0.498 wt.% U3O8 (SN23901) and have never been drill tested4.

Qualified Person Statement

The scientific and technical information contained in this news release has been reviewed, verified, and approved by Sean Hillacre, P.Geo., President and VP Exploration of the Company and a ‘qualified person’ as defined in NI 43-101 – Standards of Disclosure for Mineral Projects.

Historical data disclosed in this news release relating to sampling results from previous operators are historical in nature. Neither the Company nor a qualified person has yet verified this data and therefore investors should not place undue reliance on such data. The Company’s future exploration work may include verification of the data. The Company considers historical results to be relevant as an exploration guide and to assess the mineralization as well as economic potential of exploration projects. Any historical grab samples disclosed are selected samples and may not represent true underlying mineralization.

Natural gamma radiation from rocks reported in this news release was measured in counts per second (‘cps’) using a handheld RS-125 super-spectrometer and RS-120 super-scintillometer. Readers are cautioned that scintillometer readings are not uniformly or directly related to uranium grades of the rock sample measured and should be treated only as a preliminary indication of the presence of radioactive minerals. The RS-125 and RS-120 units supplied by RSI have been calibrated on specially designed Test Pads by RSI. Standard Uranium maintains an internal QA/QC procedure for calibration and calculation of drift in radioactivity readings through three test pads containing known concentrations of radioactive minerals. Internal test pad radioactivity readings are known and regularly compared to readings measured by the handheld scintillometers for QA/QC purposes.

References

1 SMDI# 5781: https://mineraldeposits.saskatchewan.ca/Home/Viewdetails/5781 & Mineral Assessment Report MAW00726: Millenmin Ventures Inc. and Inner Mongolia Minerals (Canada) Ltd., 2013

2Standard Uranium Acquires Umbra and Sable Uranium Projects and Completes Geophysical Surveys on Rocas and Atlantic Projects, Eastern Athabasca Basin, Saskatchewan. https://standarduranium.ca/news-releases/standard-uranium-acquires-umbra-and-sable-uranium-projects/

3 Mineral Assessment Report 74B09-0032: Forum Uranium Corp., 2007

4 Mineral Assessment Report 74B09-0007: Uranex Ltd., 1977 & SMDI# 2465: https://mineraldeposits.saskatchewan.ca/Home/Viewdetails/2465

*The Company considers radioactivity readings greater than 300 counts per second (cps) on a handheld RS-125 Super-Spectrometer to be ‘anomalous’.

**The Company considers uranium mineralization with concentrations greater than 1.0 wt% U3O8 to be ‘high-grade’.

About Standard Uranium (TSXV: STND,OTC:STTDF)

We find the fuel to power a clean energy future

Standard Uranium is a uranium exploration company and emerging project generator poised for discovery in the world’s richest uranium district. The Company holds interest in over 235,435 acres (95,277 hectares) in the world-class Athabasca Basin in Saskatchewan, Canada. Since its establishment, Standard Uranium has focused on the identification, acquisition, and exploration of Athabasca-style uranium targets with a view to discovery and future development.

Standard Uranium’s Davidson River Project, in the southwest part of the Athabasca Basin, Saskatchewan, comprises ten mineral claims over 30,737 hectares. Davidson River is highly prospective for basement-hosted uranium deposits due to its location along trend from recent high-grade uranium discoveries. However, owing to the large project size with multiple targets, it remains broadly under-tested by drilling. Recent intersections of wide, structurally deformed and strongly altered shear zones provide significant confidence in the exploration model and future success is expected.

Standard Uranium’s eastern Athabasca projects comprise over 43,185 hectares of prospective land holdings. The eastern basin projects are highly prospective for unconformity related and/or basement hosted uranium deposits based on historical uranium occurrences, recently identified geophysical anomalies, and location along trend from several high-grade uranium discoveries.

Standard Uranium’s Sun Dog project, in the northwest part of the Athabasca Basin, Saskatchewan, is comprised of nine mineral claims over 19,603 hectares. The Sun Dog project is highly prospective for basement and unconformity hosted uranium deposits yet remains largely untested by sufficient drilling despite its location proximal to uranium discoveries in the area.

For further information contact:

Jon Bey, Chief Executive Officer, and Chairman
Suite 3123, 595 Burrard Street
Vancouver, British Columbia, V7X 1J1

Tel: 1 (306) 850-6699
E-mail: info@standarduranium.ca

Cautionary Statement Regarding Forward-Looking Statements

This news release contains ‘forward-looking statements’ or ‘forward-looking information’ (collectively, ‘forward-looking statements’) within the meaning of applicable securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as of the date of this news release. Forward-looking statements include, but are not limited to, statements regarding: the timing and content of upcoming work programs; geological interpretations; timing of the Company’s exploration programs; and estimates of market conditions.

Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those expressed or implied by forward-looking statements contained herein. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Certain important factors that could cause actual results, performance or achievements to differ materially from those in the forward-looking statements are highlighted in the ‘Risks and Uncertainties’ in the Company’s management discussion and analysis for the fiscal year ended April 30, 2025.

Forward-looking statements are based upon a number of estimates and assumptions that, while considered reasonable by the Company at this time, are inherently subject to significant business, economic and competitive uncertainties and contingencies that may cause the Company’s actual financial results, performance, or achievements to be materially different from those expressed or implied herein. Some of the material factors or assumptions used to develop forward-looking statements include, without limitation: that the transaction with the Optionee will proceed as planned; the future price of uranium; anticipated costs and the Company’s ability to raise additional capital if and when necessary; volatility in the market price of the Company’s securities; future sales of the Company’s securities; the Company’s ability to carry on exploration and development activities; the success of exploration, development and operations activities; the timing and results of drilling programs; the discovery of mineral resources on the Company’s mineral properties; the costs of operating and exploration expenditures; the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); uncertainties related to title to mineral properties; assessments by taxation authorities; fluctuations in general macroeconomic conditions.

The forward-looking statements contained in this news release are expressly qualified by this cautionary statement. Any forward-looking statements and the assumptions made with respect thereto are made as of the date of this news release and, accordingly, are subject to change after such date. The Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) 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/270619

News Provided by Newsfile via QuoteMedia

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CoTec Commissions BBA to Lead Feasibility Study for the Lac Jeannine Iron Tailings Recovery Project

CoTec Holdings Corp. (TSXV:CTH)(OTCQB:CTHCF) (‘CoTec’ or the ‘Company’) is pleased to announce Québec-based BBA Inc. (‘BBA’) has been engaged to complete the Lac Jeannine Iron Tailings Project (‘Lac Jeannine’ or the ‘Project’) bankable Feasibility Study (the ‘FS’) to engineer and design its Iron Tailings reclamation Project in Québec, Canada.

Julian Treger, CoTec CEO commented: ‘Lac Jeannine exemplifies CoTec’s strategy to deploy innovative, environmentally responsible technologies which transform legacy waste sites into valuable resources. The Project has the potential to deliver strong economic returns while simultaneously addressing historical environmental liabilities. Furthermore, the inclusion of adjacent tailings in the Project has the potential to almost double the life of mine with limited additional capex, unlocking substantial upside potential.

We are very excited to be working with BBA to complete the Feasibility Study and to position Lac Jeannine as a model for sustainable tailings redevelopment in Québec. During the Feasibility Study, discussions with strategic partners will be accelerated so the Project has the full support of all stakeholders, including the Government of Québec, First Nations and other interested parties. The results from the 2025 drilling and bulk sample, which are expected in Q1 2026, could also allow CoTec to increase its current resource estimate for Lac Jeannine.’

Lac Jeannine represents CoTec’s first stand-alone tailings reprocessing investment complementing the Company’s strategy to apply advanced technologies to unlock value from underutilized resource assets. The study will build on the positive results of the 2024 Preliminary Economic Assessment (‘PEA’) announced on June 27, 2024i, which was based on only part of the total tailings and outlined a pre-tax NPV of US$93.6 million and an IRR of 38%, based on an initial capital investment of US$64.6 million. The Feasibility Study will include the application of the Salter Cyclone Multi-Gravity Separators (‘MGS’) technology for the recovery of additional iron ore from the Project.

The Feasibility Study is expected to be completed through a staged approach by H2 2026. Lac Jeannine has the potential to produce high grade, critical mineral, iron ore concentrate at competitive cost structures which can deliver high purity iron concentrates for the green steel industry. The Lac Jeannine Project offers great potential for the resource industry to recover the economic benefit of large Fe tailing sites.

In September 2025, CoTec completed an infill and extension drilling campaign with the goal of upgrading to Indicated the existing Inferred Mineral Resource of 73 million tonnes at 6.7% total Fe, for 4.9 Mt of contained total Fe, and extending the Project to include a large part of the adjacent tailings not included in the PEA (‘Adjacent Tailings’). The inclusion of the Adjacent Tailings has the potential to almost double the life of mine with limited additional capex, unlocking substantial upside potential. The Feasibility Study metallurgy testing will target the production of direct-reduction (‘DR’) grade concentrate by the Project.

About Lac Jeannine

The Lac Jeannine Property comprises 31 mineral claims (exclusive exploration rights) covering 1,649 hectares in Québec’s Côte-Nord Region, approximately eight kilometres southeast of Gagnon and 290 kilometres north of Baie-Comeau. The Project encompasses the historic Lac Jeannine open-pit iron mine, which produced approximately 260 million long tons of ore averaging 33% Fe between 1961 and 1976.

The site includes a large Tailings Storage Facility (TSF) where concentrator tailings were deposited prior to mine closure and reclamation in 1984. CoTec’s focus is on reprocessing these tailings for residual iron recovery while rehabilitating the TSF.

The Independent Qualified Person as defined by NI 43-101 for the Lac Jeannine Mineral Resource, Mr. Christian Beaulieu, P.Geo., is a member of l’Ordre des géologues du Québec (#1072). The Qualified Person has reviewed and approved the scientific and technical content of this announcement relating to the Lac Jeannine Mineral Resource

About CoTec Holdings Corp.

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.

CoTec’s mission is clear: accelerate the energy transition while strengthening strategic critical mineral supply chains for the countries we operate in. 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 timing, scope, and completion of the Feasibility Study, the potential future value of the Project, the maiden resource estimate, the bulk sample extraction, the option exercise, and the Project, as well as management’s expectations with respect to the Lac Jeannine investment and other current and potential future investments, 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; permitting and regulatory risks; labor costs and shortages; uncertain supply and price fluctuations in materials; increases in energy costs; labor disputes and work stoppages; equipment leasing and availability; heavy equipment demand and availability; contractor and subcontractor performance; worksite safety issues; project delays and cost overruns; extreme weather events; and social, transport, or geopolitical 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 profile on SEDAR+ (www.sedarplus.ca). The Company assumes no obligation 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 available on SEDAR+ (www.sedarplus.ca).

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 news release.

i For further details, please refer to the technical report entitled ‘Mineral Resource Estimate, Preliminary Economic Assessment and NI 43-101 technical report for CoTec’s Lac Jeannine Fe Tailings Project, Québec, Canada’ dated August 5, 2024 and having an effective date of March 19, 2024 prepared by Addison Mining Services Ltd., JPL GeoServices Inc., Soutex Inc., Amerston Consulting Ltd. and Axe Valley Mining Consultants Ltd. A copy of the technical report is available under CoTec’s profile on SEDAR+ (www.sedarplus.com) and the Company’s website

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Troy Minerals Updates on Channel Sampling at Table Mountain High-Purity Silica Project, British Columbia, Canada

Troy Minerals Inc. (‘Troy’ or the ‘Company’) (CSE:TROY)(OTCQB:TROYF)(FSE:VJ3) is pleased to provide an update on exploration progress at its 100%-owned Table Mountain Silica Project (‘Table Mountain’ or the ‘Project’), located near Golden, British Columbia (Figure 1).

Channel Sampling Overview and Update

Among other exploration work, the 2025 program focused on systematic channel sampling across the main quartzite resource zone, where recent geological prospecting identified new exposures of Mount Wilson Formation quartzite.

A total of 47 samples were collected, primarily along two main channel lines at 1-metre intervals (truncated at outcrop edges) covering an area of approximately 2,500 square metres. Channels were oriented perpendicular to bedding to approximate true widths of the silica zones. Sampling locations were positioned to complement the 2024 and 2025 UAV LiDAR surveys and to guide upcoming resource definition and drilling planned for the 2026 field season. Figure 2 below illustrates the sample locations within the mapped quartzite unit.

All samples have been submitted to ALS Geochemistry in Kamloops for analysis. Analytical results for the samples are anticipated in the coming weeks.

‘The samples collected this season are designed to tie directly into the upcoming drill program,’ said Yannis Tsitos, President of Troy Minerals. ‘They expand coverage across the established resource area, providing the data we need to refine near-future drilling and metallurgical test work.’

In addition, UAV LiDAR survey data collected in September 2025 is currently being processed and will be used to finalize drill pad and access engineering, as applicable.

About the Table Mountain Project

The Table Mountain Silica Project is located approximately 4 kilometres east of Golden, B.C., Canada, with excellent year-round road access and proximity to the Canadian Pacific Railway’s Golden rail yard. The property covers roughly 2,526 hectares, encompassing up to 11 kilometres of regionally mapped strike length of the Mount Wilson Formation quartzite, with widths ranging from 300 to 1,400 metres at surface. Table Mountain is strategically situated near two established high-purity silica operations – the Moberly Silica Mine and the Sinova Quartz Quarry – both of which demonstrate silica purity greater than 99.6% SiO₂.(1)(2)* This advantageous location highlights the project’s potential to become a significant source of high-purity silica in a region known for hosting premium-quality silica deposits.

* Cautionary Note: The QP has been unable to verify the information and that the information is not necessarily indicative to the mineralization on the property that is the subject of the disclosure.

References

    Qualified Person

    Technical information in this release has been reviewed and approved by Case Lewis, P.Geo., a Qualified Person under NI 43-101 and a director of the property vendor.

    About Troy Minerals

    Troy Minerals is a Canadian based publicly listed mining company focused on building shareholder value through acquisition, exploration, and development of strategically located ‘critical’ mineral assets. Troy is aggressively advancing its projects within the silica (silicon), scandium, vanadium, and rare earths industries within regions that exhibit high and growing demand for such commodities, in both North America and Central-East Asia. The Company’s primary objective is the near-term prospect of production with a vision of becoming a cash-flowing mining company to deliver tangible monetary value to shareholders, state, and local communities.

    ON BEHALF OF THE BOARD,

    Rana Vig | President and Director Telephone: 604-218-4766
    Email: rana@ranavig.com

    Forward-Looking Statements

    Statement Regarding Forward-Looking Information: This release includes certain statements that may be deemed ‘forward-looking statements’. All statements in this release, other than statements of historical facts, that address events or developments that Troy Resources Inc. (the ‘Company’) expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words ‘expects’, ‘plans’, ‘anticipates’, ‘believes’, ‘intends’, ‘estimates’, ‘projects’, ‘potential’ and similar expressions, or that events or conditions ‘will’, ‘would’, ‘may’, ‘could’ or ‘should’ occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include results of exploration activities may not show quality and quantity necessary for further exploration or future exploitation of minerals deposits, volatility of commodity prices, and continued availability of capital and financing, permitting and other approvals, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

    The Canadian Securities Exchange has not reviewed this press release and does not accept responsibility for the adequacy or accuracy of this news release.

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    McEwen to Acquire Canadian Gold in All-share Deal

    McEwen (TSX:MUX,NYSE:MUX) has agreed to acquire Canadian Gold (TSXV:CGC,OTCQB:STRRF) in an all-share transaction that values Canadian Gold at a 96.7 percent premium over its pre-announcement trading price.

    The deal, announced on Tuesday (October 14) and finalized under a definitive arrangement agreement signed on October 10, will see McEwen acquire Canadian Gold through a statutory plan of arrangement.

    Once completed, Canadian Gold will become a wholly owned subsidiary of McEwen, strengthening the miner’s Canadian project portfolio with a high-grade, former-producing mine in Manitoba.

    Under the terms of the agreement, Canadian Gold shareholders will receive 0.0225 McEwen shares for each Canadian Gold share held. Upon completion, existing McEwen shareholders will own approximately 92 percent of the combined company, while Canadian Gold shareholders will hold about 8 percent.

    McEwen will continue to trade under its existing ticker symbol, “MUX,” on both the NYSE and TSX.

    Canadian Gold’s flagship asset is the Tartan Lake gold mine project, located near Flin Flon, Manitoba. The property is a past-producing, high-grade gold mine with established infrastructure and strong exploration potential.

    The site is situated near an experienced mining workforce and requires no construction of a new camp, a logistical advantage that McEwen says aligns with its existing operational model.

    The acquisition offers benefits for both sets of shareholders, according to the companies. For Canadian Gold investors, the transaction will provide access to McEwen’s diversified operations, technical expertise and the liquidity of a dual-listed stock. For McEwen shareholders, the deal adds another advanced-stage Canadian project with geological similarities to the company’s Fox complex in Ontario, bolstering its exploration and production pipeline.

    “The Tartan Mine has significant potential and complements our development strategy,” Chairman and Chief Owner Rob McEwen said in a press release, noting possible synergies with Fox. The boards of both companies unanimously approved the deal following recommendations from independent special committees.

    In compliance with NYSE rules, Rob McEwen will not receive newly issued McEwen shares representing over 1 percent of the company’s current shares without prior shareholder approval, which will be sought at the next annual meeting.

    Should approval not be obtained, McEwen will pay cash in lieu of excess shares.

    The deal includes customary closing conditions, regulatory approvals and a C$2.195 million break fee payable to McEwen if Canadian Gold accepts a superior proposal. A detailed information circular outlining the terms of the proposed transaction will be mailed to Canadian Gold shareholders ahead of a December special meeting.

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

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    Crypto Market Update: Corporate Bitcoin Treasuries Jump to US$117 Billion

    Here’s a quick recap of the crypto landscape for Wednesday (October 15) as of 9:00 p.m. UTC.

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

    Bitcoin and Ether price update

    Bitcoin (BTC) was priced at US$112,274, a 1.2 percent decrease in 24 hours. Its lowest valuation of the day was US$110,392, and its highest was US$112,241.

    Bitcoin price performance, October 15, 2025.

    Chart via TradingView.

    Analysts maintain that market resilience and institutional demand persist despite the largest liquidation event in the cryptocurrency’s history last week. In his weekly commentary, Bitwise Asset Management’s Matt Hougan notes that while panic is often signaled by a flood of investor communications, this time “it was crickets.”

    He observed, “professional investors largely ignored the news,” despite media and social media buzz.

    Hougan added that the market may remain jittery in the near term as liquidity providers typically pull back after major volatility, which can cause exaggerated price moves.

    However, he expressed confidence that “over time, the market will catch its breath and renew its attention on crypto’s fundamentals,” leading him to believe “the bull market will continue apace.”

    While fundamentals and ongoing institutional demand sustain optimism, the market stands at a critical point where a near-term correction remains a real possibility before the bull market can continue.

    Technical analysts warn of downside risks, with a rising wedge pattern and a key support level at US$102,000. A breakdown could trigger a 34 percent correction to US$74,000.

    Ether (ETH) was priced at US$3,983.03, a 3 percent decrease in 24 hours. Its lowest valuation of the day was US$3,944.17, and its highest was US$4,096.90. Analysts are bullish on Ether, with some projecting a potential rally to US$5,200, citing the Ethereum Foundation’s new privacy initiative as a critical catalyst.

    The “Privacy Cluster,” a 47 person research and engineering team, aims to embed protocol-level privacy features, including private payments, decentralized identity and zero-knowledge infrastructure, directly into Ethereum’s architecture.

    Altcoin price update

    • Solana (SOL) was priced at US$194.76, a decrease of 2.4 percent over the last 24 hours and its lowest valuation of the day. Its highest was US$204.32.
    • XRP was trading for US$2.41, a decrease of 2.9 percent over the last 24 hours to its lowest valuation of the day. Its highest was US$2.50.

    Crypto derivatives and market indicators

    Bitcoin derivatives metrics indicate a cautious and consolidating market.

    Liquidations have totaled approximately US$10.4 million in the last four hours, with long positions making up a slight majority, signaling continued risk aversion among traders. Ether liquidations showed a divergent pattern, totaling US$20.67 million, the overwhelming majority of which were long positions.

    Futures open interest for Bitcoin has decreased by 0.09 percent to US$72.62 billion, and Ether futures open interest moved by +0.95 percent to US$46.64 billion, reflecting market consolidation and repositioning.

    The perpetual funding rate for Bitcoin and Ether was 0.003, indicating a neutral to slightly bullish market sentiment.

    Bitcoin’s RSI stood at 39.63, indicating that it is in a bearish or neutral momentum phase but not yet deeply oversold.

    Fear and Greed Index snapshot

    CMC’s Crypto Fear & Greed Index has dipped back into fear territory after shifting in between neutral for the past few weeks. The index currently stands around 37.

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

    Chart via CoinMarketCap.

    Today’s crypto news to know

    OwlTing announces Nasdaq listing

    Taiwanese fintech company OwlTing has received approval to list directly on the Nasdaq Global Market.

    Operating under its parent entity, OBOOK Holdings, OwlTing will trade under the ticker symbol ‘OWLS,’ and will mark its first trading day on the Nasdaq by ringing the opening bell on Thursday (October 16).

    This direct listing approach allows OwlTing to avoid issuing new shares, thereby preventing dilution of existing shareholders’ equity and signaling steadfast confidence in its valuation and growth strategy.

    Founded by Darren Wang, OwlTing launched its flagship product, OwlPay, in 2023. OwlPay enables businesses globally to transact using stablecoins such as USDC or traditional fiat currencies. The company aims to leverage its Nasdaq listing to expand its global footprint while emphasizing financial transparency and regulatory compliance.

    Strategic Bitcoin Reserve to add US$14 billion in government-held Bitcoin

    The US government is preparing to retain approximately 127,271 BTC, valued at US$14.2 billion, as part of the country’s newly established Strategic Bitcoin Reserve.

    These assets were confiscated in a joint US-UK crypto fraud case tied to Chen Zhi of the Cambodia-based Prince Group.

    Instead of selling the Bitcoin, authorities plan to hold it long term, with Executive Order 2025 mandating that crypto forfeited in criminal or civil cases be allocated to the reserve rather than auctioned. The coins are expected to complement ongoing institutional accumulation and exchange-traded fund (ETF) inflows, potentially strengthening broader market stability. Analysts note this move may bolster Bitcoin’s perception as a viable state-held asset.

    Corporate Bitcoin holdings surge to US$117 billion

    Bitwise data indicates public companies significantly increased their Bitcoin exposure in the third quarter of the year, with the total holdings of corporate treasuries reaching US$117 billion.

    In total, 172 firms now hold more than 1.02 million BTC, up nearly 40 percent from the prior quarter.

    Michael Saylor’s Strategy (NASDAQ:MSTR) remains the largest holder with 640,031 BTC, while newer entrants like Metaplanet (TSE:3350,OTCQX:MTPLF) have more than doubled their positions. Analysts say the trend reflects a strategic pivot, with firms treating Bitcoin as both a hedge and a long-term treasury reserve.

    Public companies led the accumulation, adding roughly 193,000 BTC, far outpacing private firms and ETFs.

    BLESS token sees major price surge

    The Bless token (BLESS) reached an all-time high of US$0.1652 on Wednesday, representing an increase of over 230 percent in 24 hours and about 390 percent from its earlier lower price of US$0.0234.

    The surge was accompanied by an increase in trading volume, with 24 hour volume soaring to approximately US$101 million, bringing the market capitalization to over US$200 million. The rally has been attributed to several catalysts, including Binance Alpha listing speculation, the project roadmap featuring GPU-ready nodes and fiat on-ramps.

    NYC launches nation’s first municipal crypto office

    New York City Mayor Eric Adams established an Office of Digital Assets and Blockchain, appointing Moises Rendon as executive director. Adams, an early Bitcoin and Ether recipient of his mayoral salary, emphasized the potential for digital assets to expand opportunities for underbanked communities. The office aims to promote responsible innovation, coordinate municipal policy and position NYC as a global crypto hub.

    Erebor receives US regulatory approval

    Erebor, a financial services company backed by Peter Thiel, has received preliminary US regulatory approval to launch, potentially filling the void left by Silicon Valley Bank’s 2023 collapse.

    While a banking charter has been secured, several compliance and security hurdles remain before operations can begin, a process that could take months. The Office of the Comptroller of the Currency confirmed the approval, with Comptroller Jonathan V. Gould stating that ‘permissible digital asset activities … have a place in the federal banking system if conducted in a safe and sound manner.’

    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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