Breaking
Principle Isa Promise
Archive

October 2025

Browsing
Investing

NextSource Materials Announces Positive Results of Technical & Economic Study for Proposed Battery Anode Facility in the UAE and Secures Industrial Site with Building in Abu Dhabi

NextSource Materials Inc. (TSX:NEXT)(OTCQB:NSRCF) (‘NextSource’ or the ‘Company’) is pleased to announce positive results of a technical and economic study (the ‘Study’) on the construction of a proposed 30,000 tpa capacity battery anode facility (‘BAF’) located in the United Arab Emirates (‘UAE’). The Company further announces it has signed an agreement (the ‘Agreement’) to secure an industrial building in the Industrial City of Abu Dhabi (‘ICAD’) and has launched a strategic partner process to consider expressions of interest it has received for funding the UAE BAF.

Technical and Economic Study Highlights

  • Compelling phased-project economics with total capital costs of US$291 million, including sunk costs and working capital of US$7 million, with post-tax NPV8% of US$442 million and an IRR of 24%
  • The facility will be developed in two phases, with Phase 1 capital cost of US$150 million delivering AAM production of 14,000 tpa, more than satisfying Mitsubishi Chemical’s intial volume requirements of 9,000 tpa
  • Average annual forecasted revenues of US$195 million and annual EBITDA of US$76 million, at full production
  • Initial production planned for Q4 2026 with full production rate achieved in early 2028
  • Strategic partner process launched: discussions underway with offtake partners and several global debt and equity investors
  • Opportunities identified to further enhance the economics with debt funding and/or joint venture partnership

Property Agreement Highlights

  • Agreement signed to secure site and existing building in Abu Dhabi, UAE with easy access to process materials, markets, port and logisitcs infrastructure and major international shipping routes
  • Allows rapid installation of anode manufacturing equipment, and accelerated delivery of first anode product to Mitsubishi Chemical in 2026
  • Offers significant options to expand AAM production capacity to supply additional customers, who are currently engaged in advanced negotiations to secure anode material

This annoucement is a key milestone in the Company’s strategy to achieve full vertical integration by 2027.

The construction of a proposed BAF in the UAE would position NextSource to become the largest anode producer outside of Asia and is part of its global expansion strategy to construct BAFs in key geographic locations, each with modular production capacities, that can be expanded in lockstep with automotive manufacturer (‘OEM’) demand.

Stantec, a global engineering service provider and partner firm with NextSource, has completed a preliminary design and produced both a capital and operating cost estimate in line with AACEi guidelines as part of the Study to develop a UAE BAF.

The Study is based on a specific site and existing building that the Company has signed an agreement to secure in the ICAD, a major industrial free zone consisting of an existing, high-quality heavy industrial building requiring minimal modification with a significant land parcel that provides sufficient space to accommodate a 30,000 tpa capacity BAF.

The site and existing building arein an expedited permit zone, where an Environmental Impact Study and Assessment is not required to begin construction, and strategically situated along major international shipping routes and supported by extensive and world-class infrastructure, including local deep-water ports, industrial parks, and commercial free zones. It is immediately adjacent to a wide range of industries, including petrochemicals, refining, manufacturing, and logistics, offering easy access to raw materials, markets, and transportation networks, making the facility an attractive location for the Company to service domestic and international customers.

Hanré Rossouw, President and CEO commented,

‘Securing our facility in the UAE is a pivotal step in expediting NextSource’s downstream strategy under our offtake agreement with Mitsubishi Chemical Group, and the site’s readiness allows for rapid project execution. The results of our BAF Study confirms our unique position to deliver high-performance graphite anode material at scale, with compelling economics and a clear path to scalable commercial production. This milestone validates our global expansion strategy and reinforces our commitment to supporting the electric vehicle supply chain with vertically integrated, ESG-compliant solutions. We are excited to move forward with our strategic partners and have launched a process with debt and equity investors to unlock the full value of our proprietary technology and feedstock advantage.’

Partnership with Japan’s Mitsubishi Chemical Corporation

As announced on August 5, 2025, NextSource executed a binding, multi-year offtake agreement with Mitsubishi Chemical Corporation (‘Mitsubishi’) for the supply of approximately 9,000 tonnes per annum of AAM to the North American electric vehicle (‘EV’) market. The Company is the sole supplier of AAM to Mitsubishi and today’s announcement strongly supports the ability to satisfy the offtake agreement and other potential offtakes.

UAE BAF

The UAE BAF will be capable of producing natural graphite AAM for lithium-ion batteries used in EV applications, and serve as a secure, transparent, and fully traceable source of supply for battery and OEM customers, entirely decoupled from existing Chinese supply chains, and a critical alternative for US Government-compliant supply chains. Approximately 35% of the weight of a lithium-ion battery comprises of the anode and at least 95% of the anode is made from graphite, making it the most critical raw material of all battery metals (Benchmark Mineral Intelligence, July 2025).

The Company and Stantec have worked in conjunction with NextSource’s technology partners to develop a UAE-compliant plant design, using proven process technology to reduce qualification times. The Study included an assessment of the process design and equipment, an application of relevant design standards and codes, an analysis of future operational requirements, and an environmental permitting analysis. The facility will be installed in an existing building located in the ICAD and will leverage proven and established anode process technologies currently supplying intermediate anode active material to major OEMs.

Study Results

The proposed production capacity of 30,000 tpa, comprising 10,000 tpa of PFG, 16,000 tpa of SPG, and 4,000 tpa of coated SPG (‘CSPG’), accommodates the expected growth of Mitsubishi’s volume requirements beyond the initial 9,000 tpa and the expectation that the Company will secure additional volume capacities with other OEM offtakes. The facility will be developed in two phases, with the initial phase (Phase 1) targeting an annual production capacity of 14,000 tpa of AAM, comprising 10,000 tpa of purified flake graphite (‘PFG’) and 4,000 tpa of spherical purified graphite (‘SPG’).

Total capital costs are US$291 million, inclusive of US$13 million of sunk costs and working capital of US$7 million, with Phase 1 estimated to cost an initial US$150.2M.

The following presents the economic results of the UAE BAF with a proposed production capacity of 30,000 tpa.

  • Assumes Project is financed with 100% equity.
  • CAPEX includes process equipment, ancillary civil & infrastructure, electrical and utilities, project and construction services, and contingency of $31.5 million.
  • Working capital for first 6 months of operation and raw materials inventory.
  • As measured from start of operation and assumes no inflationary adjustments in sales price or operating costs .
  • Average over the life of the operation and excludes royalties, taxes, depreciation, and amortization .
  • Based on projected contract pricing and Benchmark Minerals Intelligence (BMI) forecast data for flake graphite from Q2 2025. Excludes sales of graphite fines and other by-products.

Note: Unless otherwise noted, all monetary figures presented throughout this press release are expressed in US dollars (USD). Capital cost estimates were prepared by Stantec Inc. to a confidence level of [+/- 25%] and are preliminary in nature. These results should not be relied upon for investment decisions. The BAF Study is not a technical report for the purposes of National Instrument 43-101 but rather is a technical study relating to the design, construction, and operation of the UAE BAF.

Next Steps

The next steps for the Company are to conclude legal documentation and approvals for the land and building acquisition, which will enable the transport of BAF processing equipment to the UAE. In parallel, the Company will finalize the front-end engineering and design in preparation for project execution.

Informed by the outcomes of this Study, the final investment decision and financing options will be considered to advance the project into execution. As part of the strategic partner process, the Company is in active discussions with offtake partners and several debt and equity investors globally that have expressed interest in funding the construction of the UAE BAF.

After obtaining the required funding and concluding operating permits, the Company will procure the remaining plant equipment, after which the Project will move into the installation phase and finally into commissioning, which is targeted towards the end of 2026. The process will also include engagement with KEZAD, the government organization in charge of ICAD, and other regulatory authorities to finalise permitting and approvals required for installation and production.

Stantec has prepared a preliminary site layout and conceptual designs for the Project, integrating the provided vendor equipment designs, partner recommendations, and site constraints. These designs will be further developed and adapted in the future detailed engineering and design phase to incorporate site-specific details. NextSource will engage with regional contractors to provide location-specific operational requirements, legal and regulatory requirements, technical criteria, operational specifications, equipment selection, and mitigation of environmental impacts. Regional contractors will also complete civil and non-process critical design elements.

The project will leverage proven process technologies and benefit from strategic partnerships with leading industry players. NextSource is committed to operating the facility in compliance with international standards and UAE regulations, ensuring the highest levels of safety, environmental sustainability, and social responsibility.

Investor Conference Call

Chief Executive Officer Hanré Rossouw, Chief Financial Officer Jaco Crouse and Chief Commercial Officer Craig Scherba will host a conference call at 9:00am EST on October 6th, 2025, to comment on the latest annual financials and MD&A.

To join the webcast, participants should access the following link:

https://www.webcaster5.com/Webcast/Page/3080/53051

To dial in by phone:
Toll Free: 888-506-0062
International: 973-528-0011
Participant Access Code: 362480

A recording of the call will also be available on NextSource’s website within a 48-hour period.

About Stantec

Stantec is headquartered in Edmonton, AB, Canada and is a publicly traded engineering and design consultancy. With over 30,000 employees in 450 offices and across 6 continents, Stantec delivers sustainable and innovative design solutions for their customers. For more information visit www.stantec.com .

About NextSource Materials Inc.

NextSource Materials Inc. is a battery materials company based in Toronto, Canada that is intent on becoming a vertically integrated global supplier of battery materials through the mining and value-added processing of graphite and other minerals.

The Company’s Molo graphite project in Madagascar is one of the largest known and highest-quality graphite resources globally, and the only one with SuperFlake® graphite. The Molo mine has begun production through Phase 1 mine operations.

The Company is also developing a significant downstream graphite value-add business through the staged rollout of Battery Anode Facilities capable of large-scale production of coated, spheronized and purified graphite for direct delivery to battery and automotive customers, in a fully transparent and traceable manner. The Company is now in the process of developing its first BAF in the UAE.

NextSource Materials is listed on the Toronto Stock Exchange under the symbol ‘NEXT’ and on the OTCQB under the symbol ‘NSRCF’.

For further information about NextSource Materials, please visit our website at www.nextsourcematerials.com or contact us at +1.416.364.4911 or email Brent Nykoliation, Executive Vice President at brent@nextsourcematerials.com ,

Safe Harbour: This press release contains statements that may constitute ‘forward-looking information’ or ‘forward-looking statements’ within the meaning of applicable Canadian and United States securities legislation. Readers are cautioned not to place undue reliance on forward-looking information or statements. Forward looking statements and information are frequently characterized by words such as ‘plan’, ‘expect’, ‘project’, ‘intend’, ‘believe’, ‘anticipate’, ‘estimate’, ‘potential’, ‘possible’ and other similar words, or statements that certain events or conditions ‘may’, ‘will’, ‘could’, ‘expected’ or ‘should’ occur. Forward-looking statements include any statements regarding, among others, timing of construction and completion of the BAF and proposed timing of future locations of additional BAFs, timing and completion of front-end engineering and design and ESIA permitting, the economic results of the BAF Technical Study including capital costs estimates, operating costs estimates, payback, NPV, IRR, production, sales pricing and working capital estimates, the construction and potential expansion of the BAFs, expansion plans, as well as the Company’s intent on becoming a fully integrated global supplier of critical battery and technology materials. These statements are based on current expectations, estimates and assumptions that involve a number of risks, which could cause actual results to vary and, in some instances, to differ materially from those anticipated by the Company and described in the forward-looking statements contained in this press release. No assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur or, if any of them do so, what benefits the Company will derive there from. The forward-looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the forward-looking statements, whether because of new information, future events or otherwise, except as may be required by applicable securities laws. Although the forward-looking statements contained in this news release are based on what management believes are reasonable assumptions, the Company cannot assure investors that actual results will be consistent with them. These forward-looking statements are made as of the date of this news release and are expressly qualified in their entirety by this cautionary statement. Subject to applicable securities laws, the Company does not assume any obligation to update or revise the forward-looking statements contained herein to reflect events or circumstances occurring after the date of this news release.

Source

Click here to connect with NextSource Materials Inc. (TSX:NEXT)(OTCQB:NSRCF) to receive an Investor Presentation

This post appeared first on investingnews.com

Keep Reading
Investing

Stellar AfricaGold Inc Intersects Multiple Wide High-Grade Gold Zones including 13 meters of 6.12 g/t Au in First Drill Hole at Tichka Est; Drill Program Continues.

(TheNewswire)

Vancouver, British Columbia TheNewswire – October 2, 2025 – Stellar AfricaGold Inc. (TSX-V: SPX) (‘Stellar’ or the ‘Company’) is pleased to report significant assay results from its first drill hole at the Tichka Est G old P roject, part of the ongoing 1,500-meters summer diamond drill program at the Zone B gold discovery, an area of approximately one square kilometer within Stellar’s 82km 2 permit area in Morocco.

Highlights

  • First Drill Hole TCK-001 intersected13 meters of 6.12 g/t Au including 2 meters of 22.28 g/t Au , and
    • 16 meters of 1.98 g/t Au including 1 meter of 11.55 g/t Au
    • Mineralisation is mainly hosted in sub-horizontal diorite sills , confirming continuity of favorable lithology.
  • A total of 492.8 meters of diamond core drilled to date across three holes in Zone B. One drill rig currently operating, with drilling progress averaging approximately 10.5 meters of diamond core per day.

(Composite interval s include 0.1g/t Au cut-off & maximum internal dilution of 3m.)

Figure 1. High grade (22.28 g/t Au) mineralized section of Diorite sill 2

Table 1: Assay Highlights

Hole ID

Length (m)

Azimuth (°)

Dip (°)

From (m)

To (m)

Interval Length (m)

Gold (g/t)

TCK-001

201.9

65

-45

83

93

99

94

16

including 1

1.98

11.55

125

125

138

127

13

including 2

6.12

22.28

(Note : The down hole intersections are not a true thickness. The true thickness is not known.)

Click Image To View Full Size

Figure 2. A cross section of TCK-001 highlighting the two zones of gold mineralization

hosted within sub-horizontal diorite sills .

Click Image To View Full Size

Figure 3. A plan section showing location of TCK-001 drill hole (top of image) relative to the surface mechanical trenches and the previous RC drill campaign (center and lower of image).

Detail of Results

Diamond drill hole TCK-001 was designed to test the interpreted mineralized sub-horizontal diorite sills, which act as both lithological and structural controls to gold mineralization.

Two well-defined mineralized zones were intersected:

  • Within Diorite 1 between 83–99 meters: 16 m of 1.98 g/t Au , including 1 m of 11.55 g/t Au
  • Within Diorite 2 between 125–138 meters: 13 m of 6.12 g/t Au , including 2 m of 22.28 g/t Au
  • Within Diorite 3 the mineralization encountered in previous surface trenching of the third diorite zone was not encountered in drill hole TCK-001 consistent with the absence of veining or fracturing in the core.

These intersections support the geological model developed for Tichka Est Zone B and provide strong encouragement for expansion of the drilling program.

Operations Update

Diamond d rilling has now totaled 492.8 meters across three holes , with core from holes TCK-002 and TCK-003 confirming the presence of the sulphide-bearing sub-horizontal diorite sills previously encountered in hole TCK-001.

Drilling is progressing at an average rate of approximately 10.5 meters per day. Recently progress was temporarily hampered by fractured zones down hole requiring cementing to reduce water loss, on site water supply logistics, and weather-related impacts requiring repairs to roads and drill platforms. Despite these operational challenges, drilling continues steadily, with excellent core recoveries achieved.

Next Steps

  • Continue drilling the planned 1500-meters diamond drill program to test lateral continuity and down-dip extensions of sulphide-bearing sub-horizontal diorite sills, and
  • Update geological, structural, and alteration models with new data.
  • Continue reconnaissance exploration throughout the Tichka Est Gold Project 82 km permits area.

Management Commentary

‘Drill hole TCK-001 at Tichka Est has confirmed the presence of a very promising gold system,’ said J. François Lalonde, President and CEO of Stellar AfricaGold. ‘With mineralization now confirmed at depth, we are becoming increasing confident in the potential of the Tichka Est Gold Project and are excited to expand both our current drilling program to test continuity of mineralization and additional new targets as we advance the Zone B gold discovery. Additionally, our surface reconnaissance exploration of the numerous other areas of interest within the 82km 2 permit area of Tichka Est will continue.’

‘Alongside these exciting results, Stellar wishes to announce the relaunch of our Company newsletter . The revamped newsletter aims to keep stakeholders and shareholders informed with transparent, timely updates. Subscribe here to be the first to receive corporate updates, press releases, and third-party media coverage as it breaks.’

About the Tichka Est Zone B Gold Discovery

The identified Zone B structures are within an approximately 1 km2 area of the 82 km2 total area of the Tichka Est Gold Project. To date, Stellar has built an 8.5-kilometer mountain access road and conducted extensive mapping, sampling and trenching focussing on the regions in and around Zone B. Thus far three significant zones of gold mineralization have been discovered with much of the overall Tichka Est project area still unexplored or only superficially examined.

At the Zone B several programs of mechanical and hand trenches delivered a series of impressive assay results including trenches MT1 3.5 g/t gold over 155.7 meters 1 , MT2 1.52 g/t gold over 39.7 meters and 1.58 g/t Au over 8.6 meters 4 , MT3 1.27 g/t gold over 80 meters 4 , T7B 3.4 g/t gold over 20 meters 3 , T6B 3.4 g/t gold over 17 meters 3 , and T2B 4.56 g/t gold over 15 meters 2 . Zone B is the primary exploration target for 2025 although Stellar will continue reconnaissance exploration throughout the Tichka Est Gold Project permits area.

1 News Release October 4, 2022

2 News Release April 19, 2021

3 News Release October 25, 2021

4 News Release January 25, 2022

Technical Disclosure

The drilling campaign at Tichka Est is being conducted by two geologists from the African Bureau of Mining Consultants, under the supervision of Mr. Yassine Belkabir.

Diamond drilling was conducted using HQ diameter core. Core runs were retrieved every 3.0 m or less, with recovery measured and recorded for each run. Average recovery in reported intervals exceeded 99%. Core was oriented with a Reflex ACT III tool, photographed (wet and dry), and logged for lithology, alteration, mineralization, and structure.

Sampling intervals for assay were typically one metre in length, defined by geological boundaries. Core was cut with a diamond saw, half-core archived, and half-core submitted for analysis.

Sample preparation and assaying were performed by Afrilab in Marrakech , an ISO-certified laboratory independent of the Company. Samples were crushed to 70% passing 2 mm, split to 250 g, and pulverized to 85% passing 75 μm. Gold assays were performed using 50 g fire assay with an atomic absorption spectroscopy (AAS) finish . Over-limit assays (>5 g/t Au) were re-assayed with gravimetric finish.

QA/QC program consisted of 8 reference materials (standards) and 8 blanks inserted by geologists at regular intervals. In addition, Laboratory QA/QC protocols included internal blanks, standards, and duplicates, with performance reported to the exploration team for independent review. No material QA/QC issues were noted in the batches reported.

About Stellar AfricaGold Inc.

Stellar AfricaGold Inc. is a Canadian precious metal s exploration company focused on North and West Africa, with active programs in Morocco and Côte d’Ivoire. Stellar’s principal exploration projects are its advancing gold discovery at the Tichka Est Gold Project in Morocco, and its early-stage exploration Zuénoula Gold Project in Côte d’Ivoire.

The Company is listed on the TSX Venture Exchange ( TSX.V: SPX ) , the Tradegate Exchange ( TGAT: 6YP ) and the Frankfurt Stock Exchange ( FSX: 6YP ) .

The Company maintains its head office in Vancouver, BC and has a representative office in Casablanca, Morocco.

The technical content of this press release has been reviewed and approved by M. Yassine Belkabir, MScDIC, CEng, MIMMM, a Stellar director and a Qualified Person as defined in NI 43-101.

Stellar’s President and CEO J. François Lalonde can be contacted at +1 514-994-0654 or by email at lalondejf@stellarafricagold.com

Additional information is available on the Company’s website at www.stellarafricagold.com.

On Behalf of the Board

J. François Lalonde

J. François Lalonde

President & CEO

This news release contains ‘forward-looking statements’ within the meaning of applicable Canadian securities laws. Forward-looking statements are based on expectations, estimates and projections as at the date of this news release and are subject to known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those expressed or implied. Such risks and uncertainties include, but are not limited to, the Company not achieving the production milestones described herein, changes in business plans or commodity prices, failure to obtain regulatory approvals, and the risk factors described in the Company’s most recent Management’s Discussion and Analysis and Annual Information Form, which are available on SEDAR+ at www.sedarplus.ca . Forward-looking statements are not guarantees of future performance and should not be unduly relied upon. Except as required by law, the Company undertakes no obligation to update or revise any forward-looking statements contained herein.

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

Copyright (c) 2025 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

This post appeared first on investingnews.com

Keep Reading
Investing

Quimbaya Identifies Mineralized High-Sulfidation Porphyry System at Surface at Tahami

Surface work confirms Cu-Mo-Au mineralization, classic porphyry type style-alteration, and active gold workings, reinforcing district-scale upside at Quimbaya’s flagship project in Colombia.

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Quimbaya Gold Inc. (CSE: QIM,OTC:QIMGF) (OTCQB: QIMGF) (FSE: K05) (‘Quimbaya’ or the ‘Company’) is pleased to report the identification of a large, multi-kilometer Cu-Mo-Au porphyry-style target at surface within its 100%-owned Tahami Center Project in Antioquia, Colombia. Located approximately 2.5 kilometers northeast of the Company’s active drill program at Tahami South, the target spans a 2.0 by 1.4-kilometer footprint and exhibits hallmark porphyry characteristics confirmed by surface mapping, mineralogy, and geochemical anomalies.

Importantly, multiple artisanal gold workings are active within the footprint, confirming near-surface gold mineralization and reinforcing the system’s potential as a preserved porphyry system with a vertically zoned epithermal overprint.

Key Highlights

  • Large Surface Footprint: 2.0 km x 1.4 km target with preliminary mapped porphyry-style alteration and veinlets.
  • High-Sulfidation Epithermal Overprint: Presence of a preserved lithocap with advanced argillic alteration (alunite-pyrophyllite-dickite-kaolinite) confirms a high-sulfidation system at surface. These environments are globally recognized for hosting high-grade gold zones and often occur above or adjacent to copper-gold-molybdenum porphyry systems, supporting the interpretation of a vertically zoned, mineralized system.
  • Complete Porphyry Signature: Potassic (biotite-magnetite), quartz-sericitic and advanced argillic zones confirmed by Terraspec analysis.
  • Veinlet Suite: Full porphyry veinlet sequence (A, M, EB, B, D) identified across multiple stations.
  • Surface Mineralization: Copper oxides, molybdenite, chalcocite, chalcopyrite and copper sulfates (chalcanthite, brochantite) observed in outcrops.
  • Preliminary Geochemistry: Preliminary rock channels with 2.10m @ 0.12% Cu, 301 ppm Mo, 0.10 g/t Au; stream sediments return up to 304.5 ppm Cu, 66 ppm Mo, 0.29 g/t Au, and gold in pan.
  • Strategic Location: Within the same corridor as Aris Mining’s Segovia operations and just 2.5 km from Quimbaya’s current drill pads.

Figure 1. District Location Map: Tahami South Project and Tahami Center Project.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11347/268861_e6b48ffd5468a922_001full.jpg

‘This kind of result doesn’t come as a surprise, it’s the outcome of years spent assembling a high-quality portfolio in a region we know well,’ said Alexandre P. Boivin, CEO of Quimbaya Gold.

‘What we’re seeing at surface, including artisanal mining within the footprint, is a direct reflection of the geological potential we believed was there from the beginning. The fact that it’s so close to where we’re actively drilling at Tahami South makes it a natural extension of our exploration work and a testament to the strength of the entire Quimbaya team.’

Contextual Significance

Colombia is globally recognized for its high-grade epithermal gold veins, particularly in the Segovia belt, but porphyry systems, especially those with Cu-Mo-Au potential, remain one of the country’s most underexplored geological domains. The scale, preservation, and surface expression of the mineralized system at Tahami suggest a rare geological setting with clear exploration potential. With one of the few consolidated land positions in the region, Quimbaya is well positioned to advance porphyry and high-sulfidation exploration in one of Colombia’s most productive gold districts.

Technical Overview

Surface mapping and geochemical sampling have delineated a porphyry type system consistent with preserved high-level mineralization.

  • Alteration Zonation:
    • Potassic Sodic: Biotite-magnetite ± Albite
    • Phyllic overprint: Quartz-sericite
    • Advanced argillic lithocap: Alunite-pyrophyllite-dickite-kaolinite, confirmed by Terraspec (Universidad Nacional de Colombia)
  • Veinlet Types:
    • A, M, EB, B, and D veinlets mapped, consistent with well-developed porphyry systems.
  • Mineralization Observations:
    • Chalcopyrite, chalcocite, molybdenite in outcrops
    • Secondary copper sulfates (chalcanthite, brochantite) at surface
    • Visible gold observed during stream sediment panning

Figure 2. Preliminary geochemistry: the first two prospects have been identified in the property related with high mineralisation of copper/molybdenite and epithermal gold veins.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11347/268861_e6b48ffd5468a922_002full.jpg

Table 1. Robusta Prospect underground channel rock sampling highlights

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11347/268861_e6b48ffd5468a922_003full.jpg

* Pending assay results for 54 meters of underground channel rock samples

Table 2. Stream sediments sampling highlights

Prospect Sample_id Type Au ppb Cu ppm Mo ppm
Robusta QG_000221 Stream Sediments 8.00 137.60 66.00
Robusta QG_000230 Stream Sediments 7.00 304.50 19.00
Robusta QG_000238 Stream Sediments 289.00 133.10 24.00
Bourbon QG_000236 Stream Sediments 123.00 157.80 27.00

 

* Pending multi-element assay results for 8 stream sediment samples

Figure 3. Porphyry Footprint outcrops with strong alteration zones, and porphyry type veinlets.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11347/268861_e6b48ffd5468a922_004full.jpg

‘Identifying a textbook porphyry system with visible copper and molybdenite at surface, and active gold extraction from epithermal veins strongly validates our district-scale model at Tahami,’ said Ricardo Sierra, VP Exploration of Quimbaya Gold. ‘The alteration zoning, veinlet architecture, and early geochemical signatures are highly consistent with porphyry copper systems globally.’

Figure 4. Porphyry Footprint outcrops with strong Advance Argillic alteration and quartz-sericitic alteration.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11347/268861_e6b48ffd5468a922_005full.jpg

Figure 5. Porphyry type veinlets stockwork and mineralisation. Chalcopyrite (Cpy), Chalcocite (Cc), Chalcanthite (Chal), Brochantite (Bro), Magnetite (Mt).

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11347/268861_e6b48ffd5468a922_006full.jpg

Sample preparation and analysis

Quimbaya Gold used SGS laboratory to prepare and assay samples collected on the Tahami Project. These include SGS Medellin and SGS Peru for preparation and analysis. SGS preparation and Fire Analysis in the SGS laboratory in Medellin Colombia, and SGS multielement analysis located in Peru.

Rock samples delivered to SGS were prepared in Medellin, samples were received and labelled, dry at 100°C +- 5°C, primary crushing in a jaw crusher to 95% passing 20 mesh, secondary crushing with roll mill ant slow revolution, cleaning with compressed air and quartz, with 85% passing 10 mesh, with every 10 sampled control and granulometry, riffle split coarse crushed sample in jones splitter, to extract 250 to 500 gr; Pulverization of samples is completed in a ring mill, with >95% passing 140 sieve and cleaning with clean sand. Samples were assayed for Fire Assay for Au in Medellin using FAA313 and FAG303 method, and multielement analysis in Peru using ICP40B0 method.

Stream sediments samples delivered to SGS were prepared in Medellin, samples were received and labelled, previously air drying (inhouse) and dry at 60°C +- 5°C, 100% passing -80 mesh; pulverization of samples is completed in a ring mill, with >95% passing -140 sieve and cleaning with clean sand. Samples were assayed for Fire Assay for Au in Medellin using FAA313, FAG303 and AAS12C method, and multielement analysis in Peru using ICP40B, in line with QA/QC best practices.

The insertion rate is acceptable for CRM’s, field duplicates and blanks. Quimbaya Gold procedures require 7 blanks, 3 duplicates and 3 CRM’s (OREAS 501d, OREAS 506) per 104 samples submitted for the current Batch_031, Batch_032 and Batch_035. To date Quimbaya Gold an insertion percentage of 12.5%, sufficient to judge the quality of sampling and assaying. The author reviewed QAQC and expresses satisfaction that they generally demonstrate a high degree of accuracy at the assaying SGS laboratory. Standard deviations were used as control gates for submitted CRM’s (3x and 2x).

Qualified Person

Quimbaya’s disclosure of technical and scientific information in this press release has been reviewed and approved by Ricardo Sierra (AusIMM), the Vice President Exploration for the company, who serves as a Qualified Person under the definition of National Instrument NI-43 101.

Regulatory Disclosure Update

Further to the Company’s news release dated September 22, 2025, Quimbaya Gold Inc. wishes to clarify and amend its previous disclosure regarding investor relations and promotional activity, in accordance with CSE Policy 7.3(1). The Company has entered into agreements with three independent third parties. CEO.CA Technologies Ltd. (1600 – 595 Burrard Street, Vancouver, BC V7X 1L3, Canada; info@ceo.ca; 1-800-665-5300) was retained to provide sponsored banner placements and digital awareness campaigns on www.ceo.ca for a term of three months beginning September 18, 2025, for a total cash consideration of C$15,000. TNM Media Group (The Northern Miner, 365 Bloor Street East, 16th Floor, Toronto, Ontario M4W 3L4, Canada; info@northernminer.com; 416-510-6789) was engaged to deliver sponsored content, banner advertising, and investor outreach across its digital platforms at www.northernminer.com, beginning September 20, 2025, for a four-month term and total compensation of C$20,000. Lastly, Spark Newswire Inc. (Suite 800, 885 West Georgia Street, Vancouver, British Columbia V6C 3H1, Canada; steve@sparknewswire.com; 647-800-1885) was contracted to amplify press releases and conduct promotional marketing through targeted financial media and digital channels, commencing September 18, 2025, for a period of four months and total compensation of US$75,000. Spark’s distribution platforms include www.sparknewswire.com, its affiliate www.spartantrading.com, and major newswire distribution services such as PR Newswire (www.newswire.ca), Cision (www.cision.ca), and GlobeNewswire (www.globenewswire.com). None of these service providers hold any securities or options in Quimbaya Gold Inc., and all engagements are conducted on a fully independent basis.

About Quimbaya

Quimbaya aims to discover gold resources through exploration and acquisition of mining properties in the prolific gold mining districts of Colombia. Managed by an experienced team in the mining sector, Quimbaya is focused on three projects in the regions of Segovia (Tahami Project), Puerto Berrio (Berrio Project), and Abejorral (Maitamac Project), all located in Antioquia Province, Colombia.

Contact Information

Alexandre P. Boivin, President and CEO apboivin@quimbayagold.com

Sebastian Wahl, VP Corporate Development swahl@quimbayagold.com

Quimbaya Gold Inc.
Follow on X @quimbayagoldinc
Follow on LinkedIn @quimbayagold
Follow on YouTube @quimbayagoldinc
Follow on Instagram @quimbayagoldinc
Follow on Facebook @quimbayagoldinc

Cautionary Statements

Certain statements contained in this press release constitute ‘forward-looking information’ as that term is defined in applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein are forward-looking information. Generally, but not always, forward-looking statements and information can be identified by the use of forward-looking terminology such as ‘intends’, ‘expects’ or ‘anticipates’, or variations of such words and phrases or statements that certain actions, events or results ‘may’, ‘could’, ‘should’, ‘would’ or ‘occur’. Forward-looking statements herein include statements and information regarding the Offering’s intended use of proceeds, any exercise of Warrants, the future plans for the Company, including any expectations of growth or market momentum, future expectations for the gold sector generally, the Colombian gold sector more particularly, or how global or local market trends may affect the Company, intended exploration on any of the Company’s properties and any results thereof, the strength of the Company’s mineral property portfolio, the potential discovery and potential size of the discovery of minerals on any property of the Company’s, including Tahami South, the aims and goals of the Company, and other forward-looking information. Forward-looking information by its nature is based on assumptions and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Quimbaya to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. These assumptions include, but are not limited to, that the Company’s exploration and other activities will proceed as expected. The future outcomes that relate to forward-looking statements may be influenced by many factors, including but not limited to: future planned development and other activities on the Company’s mineral properties; an inability to finance the Company; obtaining required permitting on the Company’s mineral properties in a timely manner; any adverse changes to the planned operations of the Company’s mineral properties; failure by the Company for any reason to undertake expected exploration programs; achieving and maintaining favourable relationships with local communities; mineral exploration results that are poorer or better than expected; prices for gold remaining as expected; currency exchange rates remaining as expected; availability of funds for the Company’s projects; prices for energy inputs, labour, materials, supplies and services (including transportation); no labour-related disruptions; no unplanned delays or interruptions in scheduled construction and production; all necessary permits, licenses and regulatory approvals are received in a timely manner; the Offering proceeds being received as anticipated; all requisite regulatory and stock exchange approvals for the Offering are obtained in a timely fashion; investor participation in the Offering; and the Company’s ability to comply with environmental, health and safety laws. Although Quimbaya’s management believes that the assumptions made and the expectations represented by such information are reasonable, there can be no assurance that the forward-looking information will prove to be accurate. Furthermore, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or information. Readers are cautioned not to place undue reliance on forward-looking information as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Forward-looking information contained in this news release is expressly qualified by this cautionary statement. The forward-looking information contained in this news release represents the expectations of Quimbaya as of the date of this news release and, accordingly, is subject to change after such date. Except as required by law, Quimbaya does not expect to update forward-looking statements and information continually as conditions change.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/268861

News Provided by Newsfile via QuoteMedia

This post appeared first on investingnews.com

Keep Reading
Politics

Top insurance company in hot seat as blistering new ad campaign exposes ‘radical woke ideology’

A leading nonprofit dedicated to consumer information is launching a seven-figure ad campaign against what it is calling the ‘wokest insurance company’ in the country.

In a letter to the Department of Justice and Treasury Department, Consumers’ Research alleges that Chubb Insurance has ‘ongoing practices’ which go against the Trump administration’s agenda but ‘very likely the Civil Rights Act and other federal anti-discrimination laws.’

‘Chubb Insurance is all-in on pushing radical woke ideology. CEO Evan Greenberg openly opposes basic protections for women’s spaces, attacks democratic laws, continues to embrace DEI, and props up groups that expose kids to dangerous transgender activism,’ Will Hild, Executive Director of Consumers’ Research, said in a statement exclusively to Fox News Digital.

‘On climate, Chubb has a history of weaponizing insurance coverage to hurt America’s energy industry, cutting support for coal and natural gas to chase leftist climate fantasies. Woke corporations like Chubb are going to extremes and ordinary Americans are paying the price,’ Hild continues.

Consumers’ Research is highlighting several past comments from leaders at the insurance company, including Executive Vice President and General Counsel Joseph Wayland saying in a LEADERS Magazine interview in 2021 that ‘Diversity, equity and inclusion are the foundation of our Chubb culture.’

‘I am concerned about my country’s America First brand of nationalism and its impact on our image and leadership in both trade and geopolitics in the short and potentially longer term,’ Evan Greenberg, CEO and Chairman of Chubb Insurance, wrote in a letter in a 2017 report, according to Carrier Management. 

Greenberg also criticized Trump’s America First platform in an interview with Carrier Management in 2021 and criticized the president’s trade policies. 

When it comes to the company’s business practices, NPR reported in 2019 that the insurance company would not underwrite coal facilities anymore. As recently as March 2025, the company put forth strict guidelines in order for it to underwrite in the oil and gas industry.

On its website, Chubb said it will not ‘underwrite the construction and operation of new coal-fired plants or new risks for companies that generate more than 30% of their revenues from coal mining or energy production from coal’ and began ending coverage for ‘existing coal plant risks’ that go above the 30% mark as of 2022.

‘Chubb recognizes the reality of climate change and the substantial impact of human activity on our planet,’ Greenberg stated, according to the company’s website. ‘Making the transition to a low-carbon economy involves planning and action by policymakers, investors, businesses and citizens alike. The policy we are implementing today reflects Chubb’s commitment to do our part as a steward of the Earth.’

On its webpage, Chubb discusses ‘Advancing Racial Justice,’ where the company touts its support of an organization called Equal Justice USA (EJUSA), which openly supported convicted cop-killer Mumia Abu-Jamal.

According to that same webpage, the company believes ‘racial justice and equity is both an individual journey and collective duty.’

‘We believe in being anti-racist because a rejection of racism alone is insufficient,’ the website states. 

The company also says on that web page that it has curated a series of programs for employees instructing them how to ‘combat racism.’ 

As for the advertisements themselves, there will be a national television ad in addition to mobile billboards outside their offices in Washington D.C., New York City and New Jersey, as well as Capitol Hill. The campaign will also live on the website WokeChubb.com.

‘Dear conservatives, Chubb Insurance is for: DEI in Everything They Do, Radical Climate Ideology, Trans Activism,’ one ad states. ‘Chubb Insurance is against: The American First Agenda, U.S. Energy Producers, 2nd Amendment Advocates.’

Chubb’s business spans across 54 countries and territories, all 50 states, and employees over 40,000 people worldwide.

The company, based out of Zurich with a U.S. headquarters in New York City, did not respond to a request for comment from Fox News Digital. 

This post appeared first on FOX NEWS

Keep Reading
Politics

3 alleged Hamas members accused of plotting against Jewish institutions in Germany

German authorities arrested three alleged Hamas members on suspicion of plotting attacks on Israeli or Jewish institutions in Germany, officials told The Associated Press.

Two of the suspects arrested on Wednesday are German citizens. The federal prosecutor’s office described the third as being born in Lebanon.

They were only named as Abed Al G., Wael F. M. and Ahmad I., in accordance with German privacy rules. The trio is set to appear in court on Thursday. 

‘In the course of today’s arrests, various weapons, including an AK-47 assault rifle and several pistols, as well as a considerable amount of ammunition, were found,’ federal prosecutors said in a statement obtained by Reuters. 

A security source told Reuters the three were in their 30s or 40s.

Germany is one of Israel’s strongest allies due to the legacy of the Holocaust and security is tight at synagogues and other Jewish institutions. It did not join France, Britain and several other countries last month in defying Israel’s wishes and recognizing Palestinian statehood.

Hamas has not yet responded to a 20-point plan for Gaza by U.S. President Donald Trump, which includes disarmament of the militant group.

In February, four Hamas members suspected of plotting attacks on Jewish institutions in Europe went on trial in Berlin in what prosecutors described as the first court case against militants of the Palestinian group in Germany.

The Associated Press and Reuters contributed to this report. 

This post appeared first on FOX NEWS

Keep Reading
Politics

Government shutdown continues as Senate Dems block GOP funding bill for 3rd time

Neither Republicans nor Democrats blinked less than 24 hours into a government shutdown as an attempt to pass a government funding extension failed again Wednesday.  

Despite Republican leaders signaling confidence that more Democrats would cross the aisle, Senate Minority Leader Chuck Schumer, D-N.Y., and his caucus blocked the GOP’s continuing resolution (CR) for the third time with a 53-45 vote.

Senate Majority Leader John Thune, R-S.D., plans to bring the same bill to the floor again and again in a bid to crank up pressure on Senate Democrats. The Senate is expected to leave town on Thursday to observe Yom Kippur but will return Friday to continue voting. In order to advance the bill, Thune needs at least 60 votes to smash through the Senate filibuster.

There were glimmers of hope on Tuesday that more Democrats would break ranks and vote for the bill when Sens. Catherine Cortez Masto, D-Nev., and Angus King, I-Maine, joined Sen. John Fetterman, D-Pa., to vote for the bill.

However, that trio remained the only members of the Democratic caucus that crossed the aisle on Wednesday.

‘We are just one Senate roll call vote away from ending the shutdown,’ Thune said. ‘We need a handful of Democrats to join Republicans to reopen the government. And once we do that, then we can talk about the issues that Democrats are raising. But we’re not going to engage in bipartisan discussions while Democrats are holding the federal government hostage to their partisan demands.’

The GOP’s ranks held, too, save for Sen. Rand Paul, R-Ky, who again voted against the bill.

Schumer and Senate Democrats still appear firmly entrenched in their position that they want an extension to expiring Obamacare tax credits and to be cut into negotiations on the short-term funding bill.

Schumer said on the Senate floor ahead of the vote that Democrats weren’t ready to budge and blamed the shutdown on Republicans. 

‘Democrats want to avert this crisis, but Republicans tried to bully us, and it’s clear they can’t,’ he said. ‘They don’t have the votes.’

Congressional Republicans and the White House have accused Democrats of shutting the government down in a bid to give illegal immigrants healthcare, a point that Schumer rejected. 

‘That is a damn lie,’ he said. ‘Not $1 of Medicare, Medicaid or [Obamacare] is allowed to go to undocumented immigrants, not a dollar. So why do they keep saying this? This seems to be their theme, because they’re afraid to talk about the real issue. It’s a typical Republican response: Have a diversion, try to scare people emotionally.’

Sen. Bernie Moreno, R-Ohio, panned Schumer and Democrats’ blockade as ‘grossly irresponsible.’

‘It reminds me of my 4-year-old granddaughter when she gets mad, when she kicks the sand and leaves the sandbox, and they can’t have their way,’ he said. ‘It’s ridiculous.’

Their own counter-proposal was also blocked, again, on Wednesday, which included a permanent extension to the credits, a repeal of the healthcare title in President Donald Trump’s ‘big, beautiful bill,’ and a clawback of canceled funding for NPR and PBS.

But the crux of their wishlist is focused on the Obamacare tax credits. They do not expire until the end of this year, but Democrats warned that Americans who are enrolled in the healthcare program and rely on the subsidies would see their rates skyrocket by an average of 114% if Congress did not act.

Sen. Brian Schatz, D-Hawaii, argued that Democrats’ position was not some ‘sort of cooked-up demand.’

‘The reason that we are trying to take action now on healthcare is because people’s premiums are going up this coming week,’ he said.

Meanwhile, Trump warned ahead of the vote that his administration and the Office of Management and Budget, led by Director Russ Vought, could do things ‘that are irreversible,’ like mass firings and cutting programs favored by Democrats.

Vought and the OMB sent out a memo last week that directed agencies to implement mass firings beyond the typical furloughs that happen during a shutdown. And the Congressional Budget Office projected that about 750,000 employees would be furloughed per day at a cost of roughly $400 million in daily back pay. 

This post appeared first on FOX NEWS

Keep Reading
Politics

Supreme Court keeps Fed’s Lisa Cook in role for now, agrees to review case

The Supreme Court on Wednesday agreed to review President Donald Trump‘s effort to fire Federal Reserve Governor Lisa Cook, and will allow her to remain in her spot on the board until oral arguments can be heard in January, the court said — delivering a long-awaited update on a high-profile case, and one expected to have significant political and economic implications for the nation’s central bank.

The update comes roughly two weeks after Trump officials appealed the case to the high court for emergency review. 

Oral arguments are expected to be closely watched, given the unprecedented nature of the case, and the seismic shift that any ruling could have on U.S. economic decisions. 

In appealing the case to the Supreme Court, lawyers for the Trump administration argued that the Fed’s ‘uniquely important role’ in the U.S. economy only heightens the government’s and public’s interest in reviewing the case.

‘Put simply, the president may reasonably determine that interest rates paid by the American people should not be set by a governor who appears to have lied about facts material to the interest rates she secured for herself — and refuses to explain the apparent misrepresentations,’ Solicitor General D. John Sauer said Thursday in the appeal.

The review of Cook’s case is significant. Trump’s attempt to fire Cook marked the first time in the bank’s 111-year history that a president has ever attempted to remove a sitting governor from Fed — a stridently independent body whose members are shielded by law against political pressures.

The court’s decision to take up the case comes weeks after U.S. District Judge Jia Cobb issued a preliminary injunction last month blocking Trump from firing Cook from the Fed while the case continued to play out in court.

She ruled that Trump had failed to satisfy the stringent requirements needed to remove a sitting Fed governor ‘for cause,’ and that Cook could not be removed for conduct that occurred prior to her appointment to the Fed. 

The U.S. Court of Appeals for the D.C. Circuit voted 2-1 in September to to deny Trump’s request for intervention, prompting the administration to kick the case to the Supreme Court for emergency review.

The Supreme Court update comes as Trump has for months pressured the Federal Reserve to slash interest rates, in a bid to help spur the nation’s economic growth. 

But his attempt to fire Cook for alleged mortgage fraud violations, which she has denied, has teed up a first-of-its-kind court clash that could have profound impacts on the Fed. 

Cook’s lawyers have argued that Trump’s attempt to fire her well before the end of her 14-year term is an attempt to install a nominee of his choosing and secure a majority on the Fed board. 

Cook sued Trump in late August for his attempt to fire her, arguing that his removal violated her due process rights under the Fifth Amendment, as well as her statutory right to notice and a hearing under the Federal Reserve Act, or FRA — a law designed to shield members from the political whims of the commander in chief or members of Congress. 

The Supreme Court has sided with Trump on similar cases in the past.

The Supreme Court in May allowed Trump to proceed with the provisional firings of two independent board members — National Labor Relations Board member Gwynne Wilcox and Merit Systems Protection Board member Cathy Harris — two Democrat appointees who were abruptly terminated by the Trump administration.

But even that decision sought to differentiate these boards from the Fed, which they stressed was a ‘uniquely structured, quasi-private entity that follows in the distinct historical tradition of the First and Second Banks of the United States.’

This post appeared first on FOX NEWS

Keep Reading
Politics

Blame Game: GOP spotlights ‘Schumer shutdown’ while Dems lash out at Republicans ahead of 2026 midterms

The blame game over the first federal government shutdown in seven years is intensifying.

With neither President Donald Trump and the Republican majority in Congress, nor congressional Democrats, willing to lower the temperature, the government shut down at midnight Tuesday.

And both sides are blasting each other in a verbal fistfight with plenty of policy and political implications as next year’s battle for Congress heats up.

‘IT’S MIDNIGHT. That means the Republican shutdown has just begun because they wouldn’t protect Americans’ health care. We’re going to keep fighting for the American people,’ Senate Minority Leader Sen. Chuck Schumer posted on social media as the shutdown began.

Republicans countered, blaming Schumer and Democrats for the shutdown.

‘This is basically Chuck Schumer,’ Vice President JD Vance said Wednesday in an interview on Fox News’ ‘Fox and Friends.’ ‘He’s worried he’s going to get a primary challenge from AOC [Democratic Rep. Alexandria Ocasio-Cortez].’

Democrats insisted that any agreement to prevent a government shutdown, or now to end the shutdown, must extend tax credits for the popular Affordable Care Act (ACA) beyond the end of this year. Those credits, which millions of Americans rely on to reduce the costs of health care plans under the ACA, which was once known as Obamacare, are set to expire unless Congress acts.

But most Republicans oppose the extension of the credits and argue that the Democrats’ demands would lead to a huge increase in taxpayer-funded healthcare for immigrants who entered the country illegally.

‘I think it’s important for the American people to realize that the far-left faction of Senate Democrats shut down the government because we wouldn’t give them hundreds of billions of dollars for health care benefits for illegal aliens,’ Vance said in his ‘Fox and Friends’ interview.

Hours before the shutdown, a new national poll indicated that nearly two-thirds of American voters said that the Democrats in Congress shouldn’t force a federal government shutdown if their demands are not met.

But the New York Times/Siena poll also indicated that voters would blame Republicans and Trump, as well as Democrats, for a government shutdown.

But Schumer, speaking with FOX Business on Wednesday morning, argued that ‘the American people are on our side, completely and totally. They don’t want their healthcare decimated.’

And he charged that the White House and congressional Republicans ‘have refused to talk to us. They should come and talk to without conditions because the American people are suffering. Their health care is in shambles.’

While all sides are in the hot seat, the one feeling the most heat may be the 74-year-old Schumer, who has led the Senate Democrats for nearly a decade. 

The shutdown appears to offer the Democrat from New York a second chance, or a do-over. 

This after he faced fierce backlash from the Democratic Party base, which hungers for more vocal opposition to Trump’s unprecedented second-term agenda after his move to vote with Republicans to avoid a government shutdown this past spring.

Schumer’s move raised questions about whether he would face a leadership challenge in 15 months, and whether he’d face a primary challenge from progressive rock star Ocasio-Cortez when the senator is up for re-election in 2028.

‘There is one reason and one reason alone that Chuck Schumer is leading the Democrats off this cliff. He is trying to get political cover from the far-left corner of his base. He’s afraid of a challenge for his Senate seat by AOC or someone like that,’ House Speaker Mike Johnson claimed in a Wednesday interview on Fox Business’ ‘Mornings with Maria.’

But Schumer, in a joint statement with House Minority Leader Rep. Hakeem Jeffries as the government shut down, pinned blame on Trump and the GOP ‘because they do not want to protect the healthcare of the American people.’

‘Over the last few days, President Trump’s behavior has become more erratic and unhinged. Instead of negotiating a bipartisan agreement in good faith, he is obsessively posting crazed deepfake videos,’ the top two Democrats in Congress and fellow New Yorkers, argued. ‘The country is in desperate need of an intervention to get out of another Trump shutdown.’

With the battles for the House and Senate majorities in next year’s midterm elections drawing closer, the blame-game over the shutdown quickly reached the campaign trail.

The Democrat-aligned outside group Majority Forward launched paid ads targeting Republican Sen. Susan Collins of Maine, who will likely face a challenging re-election next year.

And the National Republican Senatorial Committee, the Senate GOP re-election arm, fired up paid ads targeting Democratic Sen. Jon. Ossoff of Georgia, who is considered the most vulnerable Democrat running for re-election in the 2026 midterms.

In the battle for the House, where Republicans aim to defend their fragile majority, the Democratic Congressional Campaign Committee quickly went up with digital ads taking aim at 35 Republican-controlled districts they consider in play.

And as first reported by Fox News Digital, the rival National Republican Congressional Committee launched ads across 42 districts, hitting Democrats over the government shutdown.

This post appeared first on FOX NEWS

Keep Reading
Investing

Brixton Metals Drills 15m of 2.26 g/t Gold at the Trapper Gold Target

Brixton Metals Corporation (TSX-V: BBB, OTCQB: BBBXF) (the ‘ Company ‘ or ‘ Brixton ‘) is pleased to announce additional drill results from the Trapper Gold Target this season. Drilling at the Trapper Target has been completed for the season. A total of 6272m was drilled at the Trapper Target from 30 holes. Assays are pending for the remaining 18 holes with visible gold having been identified in several of these remaining holes. The zone remains open for expansion.

Highlights

  • Drilling was successful extending mineralization by 36m to the south-southwest from previous drilling where it remains open
  • Hole THN25-337 returned 6.40m of 4.61 g/t gold from 27.10m depth
    • Including 1.50m of 14.30 g/t gold
  • Hole THN25-339 returned 15.00m of 2.26 g/t gold from 16.00m depth
    • Including 3.00m of 4.68 g/t gold from 22.00m depth

Chairman, CEO, Gary R. Thompson stated, ‘ Mineralization at Trapper is structurally controlled and was subjected to post mineral displacement. Further drilling is required to expand on these faulted and dislocated blocks. Gold mineralization remains open to the northeast, southeast and north of the main area. Further structural interpretation is planned prior to the next drill campaign. ‘

Figure 1. Trapper Gold Target Plan Map for Holes THN25-336/337/339.

Table 1. Select Assay Intervals in Holes THN25-337 and THN25-339.

Hole ID From To Interval Gold
meter meter meter g/t
THN25-337 27.10 33.50 6.40 4.61
including 29.00 30.50 1.50 14.30
THN25-337 95.00 99.00 4.00 1.44
including 95.50 96.00 0.50 5.48
THN25-337 146.50 148.00 1.50 3.03
THN25-339 16.00 31.00 15.00 2.26
including 22.00 25.00 3.00 4.68
THN25-339 53.50 58.50 5.00 2.60
including 57.00 58.50 1.50 6.70
THN25-339 66.00 67.50 1.50 3.50
THN25-339 76.00 77.50 1.50 7.06
THN25-339 242.50 244.00 1.50 2.61
THN25-339 278.50 280.00 1.50 2.62
THN25-339 288.05 291.00 2.95 1.83

Assay values are weighted averages. Reported intervals are drilling length and the true width of the mineralized intervals has not yet been determined.

Discussion

The objective of holes THN25-337 and THN25-339 was to expand and infill the southern limit of mineralization from previous drilling. Both holes were drilled from the same drill pad with an azimuth of 10 degrees and 30 degrees with dips of -45 and -40 degrees to depths of 389m and 346m, respectively. Collars for THN25-337 and THN25-339 were located 36m south-southwest from the collar for hole THN22-239 (Figure 1).

The gold mineralization in THN25-337 and THN25-339 is hosted within Triassic lapilli tuff volcanic, intruded by a Cretaceous quartz diorite and a feldspar porphyry dike of unknown age. Gold is associated with vein assemblages of pyrite-sphalerite-galena as seen in Figure 2. While mineralization is hosted within all three rock types, higher grade favours the contacts between these units. Low grade gold mineralization occurs between these reported intervals.

Hole THN25-336 was collared 78m east of pad for 337/339 and was drilled at azimuth of 2 degrees with a dip of -60 to a depth of 220m to test for extension; however, hole THN25-336 returned no significant results.

Figure 2. Closeup Photograph of HQ Size Core of Mineralization in Hole THN25-337 at 30.80m.

Figure 3. Photograph of HQ Size Core in hole THN25-337 from 25.00m to 33.95m.

Table 2. Collar Information for Holes THN25-336, THN25-337 and THN25-339.

Hole ID Easting (m) Northing (m) Elevation (m) Azimuth Dip Depth (m)
THN25-336 630519 6485369 1226 2 -60 220
THN25-337 630451 6485368 1265 10 -45 389
THN25-339 630451 6485368 1265 30 -40 346


Quality Assurance & Quality Control

Quality assurance and quality control protocols for drill core sampling was developed by Brixton. Core samples were mostly taken at 1.5m intervals. High-grade intervals were taken at 0.5 to 1m intervals. Blank, duplicate (lab pulp) and certified reference materials were inserted at a combined rate of 15%. Core samples were cut in half, bagged, zip-tied and sent directly to ALS Minerals preparation facility in Whitehorse, Yukon or Langley, British Columbia depending on available lab capacity. ALS Minerals Laboratories is registered to ISO 9001:2008 and ISO 17025 accreditations for laboratory procedures. Samples were analyzed at ALS Laboratory Facilities in North Vancouver, British Columbia for gold by fire assay with an atomic absorption finish, whereas Ag, Pb, Cu and Zn and 48 additional elements were analyzed using four acid digestion with an ICP-MS finish. Over limits for gold were analyzed using fire assay and gravimetric finish. The standards, certified reference materials, were acquired from CDN Resource Laboratories Ltd., of Langley, British Columbia and the standards inserted varied depending on the type and abundance of mineralization visually observed in the primary sample. Blank material used consisted of non-mineralized siliceous landscaping rock. A copy of the QAQC protocols can be viewed at the Company’s website.

Qualified Person (QP)

Ms. Madeline Berry, P.Geo., is a Project Geologist for the Company who is a Qualified Person as defined by National Instrument 43-101. Ms. Berry has verified the referenced data and analytical results disclosed in this press release and has approved the technical information presented herein.

About Brixton Metals Corporation

Brixton Metals is a Canadian exploration company focused on the advancement of its mining projects. Brixton wholly owns four exploration projects: Brixton’s flagship Thorn copper-gold-silver-molybdenum Project, the Hog Heaven copper-silver-gold Project in NW Montana, USA, which is optioned to Ivanhoe Electric Inc., the Langis-HudBay silver-cobalt-nickel Project in Ontario and the Atlin Goldfields Project located in northwest BC which is optioned to Eldorado Gold Corporation. Brixton Metals Corporation shares trade on the TSX-V under the ticker symbol BBB , and on the OTCQB under the ticker symbol BBBXF . For more information about Brixton, please visit our website at www.brixtonmetals.com .

On Behalf of the Board of Directors

Mr. Gary R. Thompson, Chairman and CEO
info@brixtonmetals.com

For Investor Relations inquiries, please contact: Mr. Michael Rapsch, Vice President Investor Relations. email: michael.rapsch@brixtonmetals.com or call Tel: 604-630-9707

Follow us on:
LinkedIn | Twitter/X | Facebook | Instagram

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

Information set forth in this news release may involve forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as ‘anticipate’, ‘believe’, ‘plan’, ‘estimate’, ‘expect’, and ‘intend’, statements that an action or event ‘may’, ‘might’, ‘could’, ‘should’, or ‘will’ be taken or occur, including statements that address potential quantity and/or grade of minerals, potential size and expansion of a mineralized zone, proposed timing of exploration and development plans, or other similar expressions. All statements, other than statements of historical fact included herein including, without limitation, statements regarding the use of proceeds. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: the need for additional financing; operational risks associated with mineral exploration; fluctuations in commodity prices; title matters; and the additional risks identified in the annual information form of the Company or other reports and filings with the TSXV and applicable Canadian securities regulators. Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements.

Links:

https://brixtonmetals.com/wp-content/uploads/2025/09/Figure-1_1Oct2025_3-scaled.png

https://brixtonmetals.com/wp-content/uploads/2025/09/Figure-2_1Oct2025-scaled.jpg

https://brixtonmetals.com/wp-content/uploads/2025/09/Figure-3_1Oct2025-scaled.jpg

News Provided by GlobeNewswire via QuoteMedia

This post appeared first on investingnews.com

Keep Reading
Investing

E-Tech Resources Identifies Kilometer-Scale REE Soil Anomaly at Eureka Project, Namibia

High lanthanum and cerium values suggest neodymium and praseodymium potential – critical magnet metals driving EVs and the energy transition.

E-Tech Resources Inc. (TSXV: REE) (FSE: K2I) (‘E-Tech’ or the ‘Company’) is pleased to announce the identification of a new kilometer-scale Rare Earth Element (‘REE’) soil anomaly located approximately 3.5 kilometers east of Zone 1 at its Eureka REE Project (‘Eureka’ or the ‘Project’), located in the Erongo Mining District, central Namibia.

Highlights:

  • Largest REE soil anomaly discovered at Eureka to date
  • Kilometer-scale footprint, significantly larger than Zone 1 discovery
  • High lanthanum (‘La’) and cerium (‘Ce’) values – proxies for neodymium (‘Nd’) and praseodymium (‘Pr’), critical for low carbon technologies
  • Anomaly supported by visible carbonatite and monazite at surface
  • Expanded pipeline of high-priority exploration targets
  • Ongoing detailed mapping with geophysics scheduled to refine drill targets

‘The identification of this extensive REE anomaly highlights the outstanding exploration potential at Eureka,’ commented Christopher Drysdale, Interim CEO of E-Tech Resources. ‘Systematic soil sampling has defined a kilometer-scale zone enriched in La and Ce, further supported by carbonatite float and visible monazite at surface from initial field observations. Importantly, this anomaly, which represents the largest soil anomaly defined on the Project to date, adds to our growing pipeline of high-priority targets. We have scheduled ground geophysics to refine this extensive target, with drilling expected to follow. These results mark another important step in advancing Eureka, and we look forward to providing further updates as our exploration programs progress.’

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6102/268693_etech1en.jpg

The Eureka soil sampling program has delineated a kilometer-scale REE in soil anomaly, with La values up to 1,702 ppm and Ce values up to 2,772 ppm. The anomaly exhibits an elongate, northeast-trending surface expression measuring approximately 1,000 metres by 350 metres. Field observations within the anomalous zone confirm the presence of carbonatite subcrop and float, together with visible monazite. For context, the initial carbonatite discovery at Zone 1 was associated with a soil anomaly measuring 116 metres by 60 metres. The ongoing soil sampling program is designed to systematically cover the entire Eureka Dome to define additional zones of potential REE mineralization.

Soil samples were collected on a 40 by 40-metre grid and analyzed using a portable XRF (pXRF). Previous work at Eureka has demonstrated that La and Ce values – and their combined response – are effective pathfinders for identifying monazite mineralization beneath soil cover. Monazite is the primary host mineral for Nd and Pr used in EV motors and wind turbines. Follow-up exploration over the new soil anomaly is in progress, including detailed mapping and grab sampling, with high-resolution ground magnetic surveying scheduled to refine targets for future drill testing.

Figure 1: Overview of the Eureka Dome showing anomalous La + Ce results (> 600 ppm) from soil sampling.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6102/268693_etech2en.jpg

Technical Disclosure – Sample Analysis and QAQC

Field analysis of soil samples was carried out using a calibrated SciAps X-555 portable X-Ray Fluorescence (pXRF) analyzer. The instrument is capable of detecting several rare earth elements (La, Ce, Pr, Nd, Sm, Eu, Gd) and Y, along with a range of transition and heavy metals. pXRF results provide a rapid, preliminary, and semi-quantitative indication of REE concentrations which is considered sufficiently reliable for the identification and reporting of soil anomalies potentially indicative of buried REE mineralization. Historical comparisons between pXRF readings at Eureka and accredited laboratory assays (ActLabs) have confirmed the reliability of this approach.

Soil samples were prepared in the field by clearing the sample site, sieving to

Qualified Person

Tolene Kruger, BSc. (Hons), M.Sc., is a consulting geologist and has reviewed and approved the scientific and technical information in this news release. Mrs. Kruger is registered as Professional Natural Scientist (Pr.Sci.Nat) with the South African Council for Natural Science Professions (SACNASP, Reg. No.: 148182), and a Qualified Person for the purposes of National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

About E-Tech Resources Inc.

E-Tech is a rare earth exploration and development company focused on developing its Eureka Rare Earths Project in Namibia. The Eureka project is located approximately 250 km north-west of Namibia’s capital city Windhoek and 140 km east of Namibia’s main industrial port Walvis Bay. The project is situated next to the national B1 highway in the Erongo Region of Namibia.

The Eureka deposit lies in the Southern Central Zone of the Neoproterozoic Damara Belt within Exclusive Prospecting License (‘EPL’) number EPL 6762, which covers farms Eureka 99 and Sukses 90. E-Tech has also entered a definitive agreement to acquire an 85% interest in the permit EPL 8748 which lies adjacent to and surrounds the Company’s EPL 6762.

E-Tech follows a dual-commodity approach, advancing both rare earths and nuclear fuels, two essential inputs for the global energy transition.

Namibia is recognized as one of Africa’s most politically stable jurisdictions, with a well-established national infrastructure and a clear and transparent mining law.

Caution Regarding Forward Looking Information

This press release may contain forward-looking information. This information is based on current expectations and assumptions (including assumptions relating to general economic and market conditions) that are subject to significant risks and uncertainties that are difficult to predict. Actual results may differ materially from results suggested in any forward-looking information. E-Tech does not assume any obligation to update forward-looking information in this release, or to update the reasons why actual results could differ from those reflected in the forward-looking information unless and until required by securities laws applicable to E-Tech. Additional information identifying risks and uncertainties is contained in the filings made by E-Tech with Canadian securities regulators, which filings are available at www.sedarplus.ca.

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

Further details are available on the Corporation’s website at www.etech-resources.com or contact Christopher Drysdale, Interim CEO of E-Tech Resources Inc., at +264 81 692 1178, chris@etech-resources.com or contact@etech-resources.com.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/268693

News Provided by Newsfile via QuoteMedia

This post appeared first on investingnews.com

Keep Reading