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A Democratic lawmaker is backing the Trump administration’s decision to reduce air traffic as a consequence of the ongoing government shutdown.

Rep. Greg Stanton, D-Ariz., said, ‘Safety must always be the highest priority’ for the aviation industry in a statement on Thursday evening.

‘The decision by Secretary Duffy to reduce flights at America’s 40 busiest airports is the right call for the safety of the flying public,’ Stanton wrote on X. ‘Now it’s critical that Republicans and Democrats get together and reach a bipartisan agreement on a plan to reduce health costs and end the shutdown.’

He concluded, ‘Arizona deserves better, and so do the hardworking professionals who keep our skies safe.’

Friday marks the 38th day of the government shutdown. Bipartisan Senate efforts to end the standoff have still not produced a clear off-ramp.

Thousands of federal employees have been furloughed as agencies and critical programs run low on funds, while government workers deemed ‘essential’ have been forced to work without pay for weeks.

People in the latter group include air traffic controllers and Transportation Security Administration (TSA) officers, many of whom have been forced to take second jobs and call out sick to make ends meet.

Transportation Secretary Sean Duffy and the Federal Aviation Administration (FAA) directed a 4% reduction in air traffic across 40 of the busiest airports in the U.S., taking effect on Friday.

That reduction will gradually ramp up to 10% by Nov. 14 if the shutdown does not end by then.

An emergency order issued by the FAA said the reduction would ensure the National Airspace System could ‘maintain the highest standards of safety’ amid shortages fueled by the shutdown.

That includes Phoenix Sky Harbor International Airport, the largest airport serving Stanton’s district.

Stanton’s nearby 4th Congressional District encompasses parts of Phoenix and its surrounding suburbs, including portions of Tempe and Mesa.

Back in Washington, whose two main airports are also affected by the reduction order, Democratic leaders are still publicly insisting that any funding deal be paired with an extension of COVID-19-era enhanced Obamacare subsidies that are set to expire at the end of this year.

Republicans have argued against partisan policy riders in a funding bill to end the shutdown.

Stanton was among the House Democrats who voted against the GOP’s funding proposal when it passed the House on Sept. 19.

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Senate Democrats for years have warned of the negative side effects of government shutdowns that would largely affect their priorities, but as the shutdown drags on, they find themselves in direct opposition to their own pet projects. 

‘There’s a tremendously twisted irony,’ Sen. Cynthia Lummis, R-Wyo., told Fox News Digital.

John Feehery of EFB Advocacy, who served as press secretary to former Republican House Speaker Dennis J. Hastert, said, ‘The most unbelievable thing’ about the shutdown is Democrats ‘hurting their own constituents.’

‘Democrats never shut the government down. This is the first time they’ve ever done this. I mean, they’ve let the Republicans shut the government down, but they’ve never done it on purpose,’ he said.

As Senate Democrats have pushed the shutdown into the longest on record, they still aren’t ready to reopen the government, even as millions who rely on food stamps from the Supplemental Nutrition Assistance Program (SNAP) are only set to get partial benefits.

Senate Minority Leader Chuck Schumer, D-N.Y., and his caucus have remained firm in their demand that they get a guarantee to extend expiring Obamacare premium subsidies in exchange for their votes to reopen the government.

Democrats have blasted President Donald Trump and his administration for threatening to not fund federal food benefits. Earlier this week, Trump said that food stamps would not be funded despite a court order requiring that they at least be partially paid for.

‘They’re the ones who shut down the government,’ Lummis said. ‘They won’t reopen it, and so they got nothing to complain about. It’s within their control to reopen the government. It’s in their control.’

His administration has since changed course, however, and announced in a memo from the U.S. Department of Agriculture that Americans that rely on the benefits would receive 65% of their typical allotted amount. A federal judge then ordered the administration to fully fund food benefits by Friday. 

‘We’re finding out that it’s hurting the union workers, it’s hurting air travelers, it’s hurting people who rely on food stamps. I mean, it’s hurting Democrats,’ Feehery said. ‘Their higher priority is showing that they’re tough against Trump, and they’re more than happy to use their constituents as cannon fodder.’

Democrats acknowledge that the pain of the shutdown can’t be ignored but remain firm that their fight to extend the healthcare subsidies is one worth having.

‘Shutdowns suck. I want it over here, but I don’t think we have fully come to recognize how much pain is going to exist in this country when 4 million people lose their healthcare insurance,’ Sen. Chris Murphy, D-Conn., said. ‘That’s as devastating, if not more devastating, in the long run, than the pain people are feeling this month.’

Julian Epstein, former chief counsel for House Judiciary Committee Democrats, told Fox News Digital that Republicans had an opportunity to seize the narrative on healthcare.

‘If I were advising Trump, I would tell him to make the case in an Oval Office address that the Democrats are voting to close the government and that it’s the Republicans that want to open it. The president should also lay out his vision for controlling healthcare premiums,’ Epstein said. ‘Voters are starting to tune out the invective from both sides, and all the noise. They want a clear plan for their economic concerns.’

And Feehery similarly argued Republicans should take their moment on healthcare, pointing out that Democrats are effectively delaying the discussion on Obamacare by prolonging the shutdown.

‘If Republicans were smart, they would be talking about why Obamacare is fundamentally broken and how to fundamentally change that. But Republicans don’t really like to talk about healthcare, which is kind of annoying,’ he said. ‘But yeah, I do think that the fact that it’s gone past the [Nov. 1 open enrollment] deadline has made this even more complicated.’

There is a sense on Capitol Hill that the shutdown could be coming to an end, but Republicans contend it will be up to Senate Democrats.

A dozen centrist Democrats are mulling an offer from the GOP that would guarantee a vote on the expiring subsidies after the government reopens, coupled with the House-passed continuing resolution (CR) and a trio of spending bills to jump start the government funding process.

But many in the caucus say that’s not enough, and demand that Trump sit down and meet with Schumer and House Minority Leader Hakeem Jeffries, D-N.Y., to hash out a deal.

Democrats also believe that Republicans are feeling the heat from Tuesday night’s elections, where Democratic candidates swept their Republican opponents in statewide elections, and they point to comments Trump made that the shutdown was hurting the GOP.

Sen. James Lankford, R-Okla., contended that what Trump meant was Democrats were using the shutdown ‘to fire up their base.’

‘But I think it’s also incredibly sad that SNAP recipients and federal workers and their families and Head Start families all had to go without so they could help the New York City election,’ Lankford said. ‘And that’s pretty sad.’

Meanwhile, Rep. Andy Barr, R-Ky., who is running for U.S. Senate in Kentucky, told Fox News Digital, ‘Every day the Schumer Shutdown drags on, Americans pay the price — missed paychecks, canceled flights, and threats to public safety. Democrats aren’t helping anyone, they’re sowing chaos and achieving nothing.’

Still, Democrats largely remain firm that the only off-ramp they want starts at the White House.

‘Shutdowns are terrible. I mean, I don’t know what to tell you,’ Sen. Bryan Schatz, D-Hawaii, told Fox News Digital. ‘It’s really awful what people are going through. And the only way out of this is a negotiation.’

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North Korea launched a ballistic missile off its east coast Friday, just days after U.S. War Secretary Pete Hegseth wrapped up a visit to South Korea focused on deterring Pyongyang and reinforcing the alliance between the two countries.

South Korea’s Joint Chiefs of Staff said the suspected short-range missile was fired from an inland area around the western county of Taekwan toward the East Sea, traveling roughly 435 miles. The launch was reported by Reuters and The Associated Press, citing military officials in Seoul and Tokyo.

No injuries or damage were reported, Japanese Prime Minister Sanae Takaichi said. Seoul’s military added that it had detected signs of preparations before the launch and was monitoring additional activity in the area, according to The Associated Press.

Reuters reported that North Korea has conducted several missile launches in recent weeks, including systems it claims are ‘cutting-edge’ strategic weapons.

During his three-day visit to South Korea on Nov. 4, Hegseth spoke to reporters following annual security talks with South Korean Defense Minister Ahn Gyu-back in Seoul and said he was ‘greatly encouraged’ by Seoul’s commitment to increasing defense spending and investing more heavily in its own military capabilities. He said both allies agreed that these investments would strengthen South Korea’s ability to take the lead in conventional deterrence against its northern adversary.

Hegseth added that President Donald Trump’s decision to support South Korea’s plans to build nuclear-powered submarines was driven by his desire to have strong allies. ‘And because Korea has been a model ally, he’s open to opportunities like that, that ensure they have the best capabilities in their own defense and alongside us as allies,’ he said.

The United States and South Korea have maintained close military coordination as Pyongyang accelerates its weapons testing program. Hegseth’s visit was meant to reaffirm U.S. commitment to the alliance and emphasize deterrence against North Korea. His remarks in Seoul echoed earlier statements that the alliance will stay focused on deterring North Korea.

When asked whether the 28,500 U.S. troops stationed in South Korea might be used in conflicts beyond the peninsula, including with China, Hegseth said that protecting against nuclear-armed North Korea remains the alliance’s primary goal. ‘But there’s no doubt that flexibility for regional contingency is something we would take a look at,’ he told reporters.

Friday’s launch underscores the fragile security situation on the peninsula and highlights ongoing tensions as North Korea continues to expand its missile capabilities. Both Seoul and Tokyo said they are analyzing the launch in coordination with the United States.

Reuters and The Associated Press contributed to this story.

This post appeared first on FOX NEWS

Fertilizer prices remained elevated in Q3 compared to both the first half of the year and the end of 2024.

Potash prices surged at the start of the year as the Trump administration threatened tariffs on Canada, the top supplier to US farmers. During the third quarter, prices were 20 percent higher than at the end of last year.

Meanwhile, phosphate prices continued to climb through Q3 on the back of supply shortages, spurred by export restrictions from top producer China. Prices were further influenced by US tariffs.

What happened to phosphate and potash prices in Q3?

According to data from the World Bank, the average quarterly phosphate price rose to US$770.60 per metric ton (MT), up from US$673.20 in Q2, and significantly higher than the annual average of US$563.70 in 2024.

On a monthly basis, phosphate climbed to US$736 in July, then climbed to a three year high of US$795.10 in August. Since then, the price has fallen to US$780.63 in September and US$754 in October.

The quarterly average for potash fell slightly in Q3 to US$352.20 per MT, down from US$359.20 the previous quarter, but remained higher than US$283.90 in the last quarter of 2024.

On a monthly basis, potash prices eased to US$362.50 in July, and continued to fall to US$356.50 in August. They sank further to US$352.50 in September and US$352 in October.

What factors impacted phosphate in Q3?

Phosphate prices have been primarily influenced over the last several years by export restrictions from China, which have declined to 6.6 million MT in 2024 from 9 million MT in 2021. The restrictions were put in place to protect the domestic supply, and while the hope was that they would eventually ease, that hasn’t happened.

“As expected, their exports started to arrive in July to September; however, the government had a self-imposed October 15 cutoff date for export submission. That date came and went without an extension, so now the belief is their flows will slow to a crawl very soon,” he said. The situation may face additional headwinds, as China has imposed more restrictions on key battery technologies and precursors for phosphate-based batteries. These restrictions will add to demand for ex-China supply as the agricultural sector competes with battery makers for a limited supply of phosphate.

Demand for phosphate is also high, particularly from India, which has been working to increase its stockpiles since the end of 2024, when they reached a low of 1.1 million MT. However, stockpiles had more than doubled to 2.4 million MT at the start of October, with imports climbing to 4 million MT during the April to September period.

Much of the demand has been covered by supply from Saudi Arabia and Morocco, which signed several offtake agreements with Indian importers in July. “They were a major driver of higher prices for much of 2025 as they played catch up on stockpiles, and have finally reached a comfortable number of tons, which has allowed them to slow their desperate pace. The slower demand pace has allowed the market time to breathe/correct lower,” Linville said.

For US-based farmers, supply isn’t the only issue.

On August 7, a host of new tariffs as high as 25 percent were applied to phosphate imports, including from Saudi Arabia, which accounted for 54.7 percent of imports during the first five months of the year. Although there were some concerns that higher prices could prompt farmers to rethink their strategy, Linville hasn’t seen that materialize either.

With reports that farm yields this year have been higher, it may prompt farmers who have been on the fence about a fall application of phosphate to reconsider, as a significant yield would indicate some phosphate soil depletion.

“While still spoty, we are continuing to hear reports that phosphate demand is better than expected,” he said.

However, Linville noted that a surge in last-minute demand it could make supplies tighter and limit the ability for phosphate to make it onto the fields.

What factors impacted potash in Q3?

Linville said potash news was quiet during the quarter, pointing to stable prices and a well-supplied market.

In July, BHP (ASX:BHP,NYSE:BHP,LSE:BHP) announced it was delaying the opening of its Jansen mine in Saskatchewan. It was initially slated to start production in 2026, but has instead moved its timeline back to 2027 and is also considering pushing the second phase to 2031, citing cost overruns that have ballooned to US$7 billion.

Although potash has so far escaped US tariffs, Linville noted some concern following Ontario’s anti-tariff ad, which ran in the US during the World Series. “We continue to hope/believe that potash will be left alone as part of the North America Trade agreement. Assuming potash is left alone, markets should continue as normal; however, if we start seeing barriers to entry, US farmers will likely bear the brunt of most/all of those tariffs,” he said

Potash and phosphate price forecast for 2025

While potash markets remain stable, phosphate markets are much more dynamic.

Unless there is a significant shift in China’s exports, supply should remain tight. In his most recent weekly update on November 5, Linville noted that the situation could become dire for US consumers before the end of the year.

“We continue to advise our people that if they decide they need phosphate after all, do not wait to lock it up. Days very well may matter. Heck, hours might matter. Supplies are tight and can ill-afford a sudden demand jump,” he wrote.

Additionally, markets are likely to become further strained in the years to come as limited supply meets increased demand from outside the agricultural sector.

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

This post appeared first on investingnews.com

Terra Clean Energy CORP. (‘ Terra ‘ or the ‘ Company ‘) (CSE: TCEC,OTC:TCEFF, OTCQB: TCEFF FSE: C 9O0) is pleased to announce that it has scheduled its annual general meeting of shareholders for December 8, 2025 (the ‘ Meeting ‘).  At that Meeting, amongst other things, shareholders will be asked to re-elect the current directors of the Company (being Greg Cameron, Alex Klenman and Tony Wonnacott) and elect two additional directors, being Michael Gabbani and Brian Polla.

‘I would like to welcome Mike and Brian to the board of directors and look forward to working with them to deliver shareholder value’ stated Greg Cameron, CEO of the Company.  ‘Mike is an accomplished Engineer having spent decades in the Nuclear Industry. He has a high-level understanding of where the industry  is going and the contacts to allow us to position the Company to benefit. Brian is a serial entrepreneur and seasoned veteran of both private and public companies and also a substantial shareholder of the company.  The shareholders are lucky to have their expertise  to help steer the company forward’.

Mr. Michael Gabbani is a highly accomplished executive sales and business development leader with a strong engineering acumen. As a professional engineer with over 30 years of experience in the nuclear energy industry his career began with Atomic Energy of Canada Limited and later with GE Hitachi Energy.  Throughout his career, Mr. Gabbani has been a dedicated advocate for the Canadian nuclear Industry. He served for 14 years on the board of directors of the Organization of Canadian Nuclear Industries, representing the nuclear supply chain while promoting collaboration, innovation and international partnerships in efforts to expose the strength and technical innovation within the Canadian Nuclear Industry worldwide.

Mr. Brian Polla is a seasoned entrepreneur with over 25 years of experience in manufacturing, operations, and business development. Throughout his career, he has built and led multiple successful ventures in the industrial and coatings sectors, earning a reputation for strategic vision and hands-on leadership.  With deep expertise in metal fabrication, production management, and process optimization, Mr. Polla has guided companies through every stage of growth from startup to scale-up including the successful launch of a company on the CSE.  For over two decades, Mr. Polla has owned and operated Kenex Coatings.

Also, further to the Company’s press releases dated October 20, 2025 and November 5, 2025, in connection with the recently completed non-brokered private placement, the Company clarifies that it paid finders’ fees to certain arm’s length finders comprising of: (i) total cash of $148,868.01; and; and (ii) 848,783 non-transferrable finder warrants of the Company exercisable to acquire common shares in the capital of the Company (the ‘ Common Shares ‘), at an exercise price of C$0.14 per Common Share for a period of 36 months from November 5, 2025.

About Terra Clean Energy Corp.

Terra Clean Energy Corp. is a Canadian-based uranium exploration and development company. The Company is currently developing the South Falcon East uranium project, which holds a 6.96M pound inferred uranium resource within the Fraser Lakes B Deposit, located in the Athabasca Basin region, Saskatchewan, Canada as well as past producing uranium mines in Utah, United States.

ON BEHALF OF THE BOARD OF Terra Clean Energy CORP.

‘Greg Cameron’
Greg Cameron, CEO
Qualified Person

The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101, reviewed and approved on behalf of the company by C. Trevor Perkins, P.Geo., the Company’s Vice President, Exploration, and a Qualified Person as defined by National Instrument 43-101.

*The historical resource is described in the Technical Report on the South Falcon East Property, filed on sedarplus.ca on February 9, 2023. The Company is not treating the resource as current and has not completed sufficient work to classify the resource as a current mineral resource. While the Company is not treating the historical resource as current, it does believe the work conducted is reliable and the information may be of assistance to readers.

Forward-Looking Information

This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information is characterized by words such as ‘plan’, ‘expect’, ‘project’, ‘intend’, ‘believe’, ‘anticipate’, ‘estimate’ and other similar words, or statements that certain events or conditions ‘may’ or ‘will’ occur. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, and opportunities to differ materially from those expressed or implied by such forward-looking information, including statements regarding the Offering and the potential development of mineral resources and mineral reserves which may or may not occur. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, and general economic and political conditions. Forward-looking information in this news release is based on the opinions and assumptions of management considered reasonable as of the date hereof, including that all necessary approvals, including governmental and regulatory approvals will be received as and when expected. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether because of new information, future events or otherwise, other than as required by applicable laws. For more information on the risks, uncertainties and assumptions that could cause our actual results to differ from current expectations, please refer to the Company’s public filings available under the Company’s profile at www.sedarplus.ca.

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

For further information please contact:

Greg Cameron, CEO
info@tcec.energy
416-277-6174

Terra Clean Energy Corp
Suite 303, 750 West Pender Street
Vancouver, BC V6C 2T7
www.tcec.energy

 

News Provided by GlobeNewswire via QuoteMedia

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Here’s a quick recap of the crypto landscape for Friday (November 7) as of 9:00 a.m. UTC.

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

Bitcoin and Ether price update

Bitcoin (BTC) was priced at US$103,902, a 3.0 percent decrease in 24 hours. Bitcoin’s highest valuation as of Friday was US$103,421, while its lowest was US$99,931.52

Bitcoin price performance, November 7, 2025.

Chart via TradingView.

Bitcoin continues to extend its slide as it heads for another week of losses. The world’s largest cryptocurrency slipped more than 20 percent from its early October record high and confirming entry into bear-market territory.

The losses mark Bitcoin’s second consecutive week in the red and its fourth down week in the past five, reflecting the market’s struggle to recover from October’s “Red October” slump. Data showing a sharp rise in US layoffs in October, the highest in two decades, fueled expectations of further Federal Reserve rate cuts in December.

Despite this, President Trump reaffirmed his administration’s pro-crypto stance this week, calling for the US to become the “Bitcoin superpower” and touting regulatory measures to bolster the digital asset sector. However, his remarks stopped short of signaling direct government purchases of crypto.

Analysts say Bitcoin is now hovering near a crucial technical threshold around $97,000. Trader Ted Pillows noted that Bitcoin is “holding above the $100,000 level for now,” but warned that ‘until BTC closes a strong daily candle above the $106,000 level,’ investors must brace and expect new lows moving forward.

Ether (ETH) was priced at US$3,338.69, a 4.1 percent increase in 24 hours. Its lowest valuation of the day was US$3,229.48, and its highest was US$3,397.60.

Like Bitcoin, Ethereum extended its decline and is struggling for recovery as it it slipped below the US$3,300 mark. While bearish strength remains moderate, the fact that prices continued to drop even after a major liquidation event suggests that spot sellers may now be in control.

Altcoin price update

  • Solana (SOL) was priced at US$157.08, down by 3.1 percent over the last 24 hours. Its highest valuation of the day was US$160.86, while its lowest was US$152.27
  • XRP was trading for US$2.22, down by 4.8 percent over the last 24 hours. Its highest valuation of the day was US$2.30, while its lowest was US$2.17.

Crypto derivatives and market indicators

The cryptocurrency market showed mixed but cautious action.

Liquidations for contracts tied to Bitcoin totaled approximately US$48.39 million in the last four hours, with the overwhelming majority coming from long positions showing a clear sign of forced selling as leveraged positions were flushed. Ether followed the same pattern: about US$25.82 million of liquidations over the same window, again dominated by longs.

Futures open interest tells a similar story of modest unwind. Future open interest for Bitcoin edged down 0.03 percent to US$69.44 billion, while Ether declined 1.92 percent to US$38.19 billion, reflecting a slight pullback in leverage as the session closed.

Technically, Bitcoin’s RSI at 30.81 sits near oversold territory, signaling weak momentum and that the market may be vulnerable to continued downside or, alternatively, due for a short-term relief bounce if buyers step in.

Today’s crypto news to know

Crypto market loses nearly all 2025 gains after month-long decline

The cryptocurrency market has erased almost all of its 2025 value increase in just over a month, marking one of the steepest reversals since the last bear cycle.

According to CoinGecko data as reported by Bloomberg, total market capitalization peaked near US$4.4 trillion on October 6 before sliding 20 percent, leaving the asset class up only about 2.5 percent for the year.

The decline began after roughly US$19 billion in leveraged positions were liquidated that sparked a wider selloff and weakening trader sentiment.

Bitcoin has fallen 8 percent this week alone, dropping below its 200-day moving average for the first time in three years. Altcoins have faced similarly sharp losses amid reduced liquidity and limited new inflows.

Japan’s financial regulator backs bank-led stablecoin pilot

Japan’s Financial Services Agency has confirmed it will support a project by the country’s three largest banks—Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group, and Mizuho Financial Group—to jointly issue stablecoins for cross-border payments.

According to a Reuters report, finance Minister Satsuki Katayama said the FSA will oversee legal and operational compliance as the initiative moves into testing.

The banks intend to issue yen-pegged tokens under Japan’s revised Payment Services Act, which requires full asset backing and enhanced consumer safeguards.

The JPYC recently launched its first fully regulated yen-denominated stablecoin backed by domestic savings and government bonds.

UNDP to launch global blockchain training program for governments

The United Nations Development Programme is expanding its blockchain education initiatives to include government officials, aiming to accelerate digital infrastructure adoption in the public sector.

Robert Pasicko, who leads UNDP’s Alternative Finance Lab, said four countries will be selected for the initial rollout within weeks. The program builds on UNDP’s internal blockchain academy and will include both training and hands-on project support.

Research by UNDP identified over 300 potential government applications for blockchain technology, from transparent fund tracking to public-sector payments.

Twenty-five major blockchain organizations, including Polygon Labs, Stellar Foundation, and the Ethereum Foundation, have discussed forming an advisory group under UNDP coordination.

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.

This post appeared first on investingnews.com

Investor Insight

Bold Ventures Inc. is a Canadian mineral exploration company poised for discovery. The company is advancing a portfolio of precious, battery, and critical metals projects in Tier-1 jurisdictions across Ontario and Quebec. Through systematic exploration and targeted acquisitions, Bold is positioned to meet rising global demand for gold, copper, nickel and critical minerals essential to North America’s electrification plans.

Overview

Bold Ventures (TSXV:BOL) is a Canadian mineral exploration company advancing a diversified portfolio of gold, copper, nickel and critical mineral projects across Ontario and Quebec, both consistently ranking among the safest and most mining-friendly in the world.

Bold’s balanced approach to both precious and critical metals aligns with two powerful global themes: the enduring demand for gold and silver as stores of value, and the accelerating transition to electrification and clean energy requiring copper, nickel and chromium.

Bold’s assets are concentrated in three prolific mining districts of Northern Ontario – Thunder Bay West, Wawa West and the James Bay Lowlands (Ring of Fire) – each offering significant exploration upside and logistical advantages.

Thunder Bay West hosts Bold’s most advanced gold and copper properties – Burchell, Traxxin and Wilcorp – within the geologically rich Shebandowan Greenstone Belt, home to multiple active and past-producing mines.

Wawa West, anchored by the Farwell gold-copper project, sits within a historically productive gold camp with strong indications of both precious and base metal VMS-style mineralization.

The Ring of Fire, in the James Bay Lowlands, is Bold’s long-term critical-mineral growth platform. The company’s Koper Lake project includes a carried interest in the Black Horse Chromite Deposit — one of North America’s most significant undeveloped sources of chromium — as well as substantial nickel, copper and PGE potential in the surrounding claim blocks.

Complementing this Ontario portfolio, Bold added two high-quality exploration-stage assets in 2024–2025: the Springdale East gold project near Red Lake, Ontario, and the Joutel gold and base metal project in Quebec.

Underpinning this portfolio is a leadership team with decades of exploration experience and direct involvement in three world-class discoveries — Eagle River, Windfall Lake and the Ring of Fire deposits. This record of success, combined with a pipeline of highly prospective targets now moving toward the drill stage, positions Bold Ventures to deliver steady exploration progress and value creation across a range of commodity markets.

Company Highlights

  • Bold Ventures explores for precious, battery and critical metals in Canada, with active exploration projects in the Thunder Bay West, Wawa West and James Bay Lowlands (Ring of Fire) regions.
  • The company’s flagship Burchell gold-copper project has advanced through new discoveries, sampling and mechanical stripping programs completed in 2025.
  • Bold holds a carried interest in the Black Horse Chromite deposit at Koper Lake, adjacent to Ring of Fire Metals’ Eagle’s Nest nickel-copper deposit – a key critical-minerals hub for Ontario.
  • Recent exploration success at the Wilcorp property revealed a new style of gold-silver-copper mineralization, adding significant upside potential.
  • The company also owns and continues to evaluate its Traxxin Gold, Farwell Gold-Copper, Springpole East Gold, and Joutel Gold-Base Metal projects.
  • Bold’s management and technical teams have participated in three world-class discoveries – Eagle River, Windfall Lake and the Ring of Fire deposits – providing deep operational and geological expertise.

Key Projects

Burchell Gold and Battery Metals Project

The Burchell property (242 claims covering 4,607 ha) lies about 100 km west of Thunder Bay, contiguous with Gold X2 Mining Inc.’s Moss gold project hosting the 6-Moz Moss Lake deposit.

Project Highlights:

  • Western Shebandowan Greenstone Belt: The Burchell project is located in the Western Shebandowan Greenstone Belt, a high-potential, active mineral belt containing copper, gold, silver, nickel, zinc, molybdenum and other minerals.
  • Contiguous with Significant Gold Property: The Burchell property is contiguous with Goldshore Resources’ Moss gold project. The Moss Lake gold deposit lies within a major 25 km NE-trending structural corridor which also hosts the past-producing North Coldstream Mine and the East Coldstream gold deposit.
  • Exploration permits were granted (Aug 2025) for line cutting, stripping, geophysical surveys and diamond drilling. Mechanical stripping and channel sampling of the 111 Zone and seven additional targets have been completed (Sept 2025). Drilling preparations are underway.
  • 111 Zone Discovery: Sheared, silicified volcanics returned values up to 68 grams per ton (g/t) gold and 2.1 g/t gold over 0.5 m; anomalous zone 4.5 to 6.5 m wide and open along strike and depth.
  • Soil Geochemistry: MMITM soil survey identified gold, copper and molybdenum anomalies coincident with a magnetic low along strike of the Moss Trend.
  • New Showings: “Winter Gold” (952 parts per billion gold, 300 parts per million silver), “Moosehead Zone,” and other targets outline a 2.9 km discontinuous gold trend across the property.

Burchell Property Major Showings and Land Position

Traxxin Gold Project

The 100 percent owned Traxxin gold project is 130 km west of Thunder Bay and has 217 claims covering 4,043 hectares. The project has excellent existing infrastructure and is road-accessible, located between two major highways, cutting down on future development costs.

Project Highlights:

  • Close Proximity to Significant Gold Deposit: The project is 40 km east of Agnico Eagle’s Hammond Reef deposit, which contains 5.6 Moz of gold at 0.71 g/t, including reserves, measured and indicated.
  • Promising New and Historical Exploration Results: The 2021 drill hole campaign results indicated 3.6 g/t gold over 12.3 meters, including 6.13 g/t gold over 4.88 m.
  • A joint venture with Lac des Mille Lacs First Nation (LDMLFN) continues to advance the project.
  • Future plans include geophysical extension of the Main Zone northward and testing southern targets.

Farwell Gold-Copper Project

Located 55 km NW of Wawa, the 6,440-hectare Farwell project hosts gold-bearing quartz veins and base-metal VMS-style mineralization. Recent VTEM and magnetic surveys identified multiple targets for follow-up drilling. Geological and geophysical modelling was completed in 2025 to refine priority zones for testing in 2026.

Project Highlights:

  • Promising Geological Formations: The claim group hosts gold-bearing quartz veins located within an iron formation that stretches along the western extensions of a major deformation zone. Additionally, there is base metal volcanogenic massive sulphide (VMS) style mineralization of copper, zinc, lead and silver. The property also features deformed ‘Timiskaming’ style conglomerates along the gold mineralizing trend (similar to Kirkland Lake, Geraldton).
  • Exploration Highlights and Future Drill Targets: A VTEM survey has identified multiple anomalous areas for future drilling. Additional results and interpretation were incorporated into the existing database for future exploration and drill testing.
  • Nearby existing infrastructure: Less than 2 km west of the Eagle River gold mines haulage road and is located approximately 6 km from the Eagle River Mill complex that also connects to major highways.

Wilcorp Gold Project

The Wilcorp property spans 264 ha with 18 staked and four patented claims. The project is located 17 km south of Hammond Reef and 32 km west of Traxxin.

Project Highlights:

  • Historical Results: The Eagle prospect area has significant historical gold discoveries. Maps from 1946 indicate values up to 11.1 g/t gold over 4.1 m including 30.8 g/t gold over 0.8 m in core (unsubstantiated in the modern era). Recent values include up to 16.3 g/t gold in an area where 1990s drilling returned 1.8 g/t gold over 7.6 m.
  • Sampling Results: In 2012, 62 grab samples ranged from <5 ppb gold up to 14,403 ppb gold (14.4 g/t gold), and in 2024, 39 grab samples ranged from <5 ppb gold up to 16,300 ppb gold (16.3 g/t gold).
  • Geological Setting: The property is proximal to the Quetico Fault, a major east-west fault zone. Gold mineralization is hosted in shear zones in volcanic and dioritic rocks which are subparallel to the Quetico Fault.

Koper Lake Project (Ring of Fire)

The Koper Lake property (1,024 ha) is one of Bold’s long-term critical-metal assets, located within 300 m of Ring of Fire Metals’ Eagle’s Nest nickel-copper deposit.

Project Highlights:

  • Multiple Commodity Streams: The Koper Lake project has significant potential for critical minerals, with potential to develop battery metals, chromite and precious metals for multiple revenue streams.
  • Black Horse Chromite Deposit: NI 43-101 inferred resource of 85.9 Mt grading 34.5 percent Cr₂O₃ (at 20 percent cut-off). Bold owns a 10 percent carried interest through to production in chromite, and a 40 percent working interest in all other metals, with a right of first refusal on a 1 percent NSR.
  • All Other Metals Ownership Interests: Bold 40 percent working interest, KWG 60 percent working interest; Bold has option to earn up to 80 percent working interest leaving KWG with a 20 percent working interest.

Ring of Fire Claims

The Ring of Fire asset is a future key project that will be given further attention as the Ring of Fire regional infrastructure and First Nation agreements are developed.

Project Highlights:

  • The Ring of Fire Claims project is a grassroots exploration project that has significant potential targeting the battery metals nickel, copper and platinum group elements.
  • Bold carried out a VTEM airborne survey in 2013 that located numerous geophysical anomalies that are prospective for battery metals.
  • Further exploration is pending the development of access, infrastructure and First Nation agreements.

Springpole East Gold Project

The Springpole East gold project covers 4,180 hectares across 208 single-cell claims, located about 120 km east-northeast of Red Lake and 9 km east of First Mining Gold’s 4.9-million-ounce Springpole deposit. The property directly adjoins First Mining’s land package, placing Bold within the same gold-bearing structural corridor that hosts Springpole. Recent exploration by previous operators identified angular granitic boulders returning 191 to 1,270 ppb gold and mapped banded iron formations corresponding to strong magnetic anomalies in the northwest part of the property. Despite its highly prospective setting, the area remains underexplored, providing Bold with an opportunity for first-pass systematic fieldwork, including lake-sediment sampling and targeted prospecting planned for 2026.

Joutel Gold and Base Metal Project

The Joutel gold and base metal project comprises 41 mineral claims across 2,269 hectares in two claim groups, located about 140 km northwest of Val-d’Or and 6.5 km south-southeast of the former mining town of Joutel. The property lies within an established polymetallic belt that hosts the historic Joutel gold and base-metal mines and the nearby Explo-Zinc deposit. Bold first worked the area in 2012, conducting VTEM and magnetic surveys that outlined multiple untested anomalies. Historical drilling in the vicinity returned encouraging results, including 0.83 percent nickel over 3.7 m (1.27 percent nickel over 2.3 m sub-interval) and 0.51 g/t gold over 3.05 m, confirming the project’s nickel-gold-zinc polymetallic potential. Planned next steps include soil sampling and reconnaissance prospecting to refine Phase I drill targets in 2026.

Management Team

David Graham – Chief Executive Officer and Director

David Graham has been active in the mineral exploration industry for over 40 years. Between 1997 and 2004 he was co-founder, president and CEO of Normiska Corporation, an industrial minerals and materials company with four production facilities in Canada and the US.

Between 2006 and 2010 he was a director and vice-president of Noront Resources. During this time the company made major discoveries at Windfall Lake in Urban Twp., Quebec and the Ring of Fire in the James Bay Lowlands of Ontario. Graham has worked extensively in Canada as well as in the US, Scandinavia and Africa. His experience has frequently included working with First Nations and regulatory agencies on projects that ranged from a grassroots stage to advanced development.

Bruce MacLachlan – President and Chief Operating Officer

With over 40 years of experience in the exploration industry, Bruce MacLachlan is a proven exploration manager and has been a key member of a number of mineral discovery teams, including Noranda Exploration, Battle Mountain Gold, CanAlaska Uranium and Noront Resources. He was a prospector at Noranda Exploration and Battle Mountain Gold, exploration manager at CanAlaska Uranium and Noront Resources. He is a co-founder and president of Emerald Geological Services (EGS), a consulting company created in 2001.

Coleman Robertson – Vice-president of Exploration

Coleman Robertson is a professional geologist who has worked exploring for gold, base metals and rare earth elements. His experience includes a wide range of exploration activities from grassroots to discovery stage projects. Employed by EGS since 2017, Robertson is vice-president of exploration for EGS and has experience with multiple projects in multiple jurisdictions, including Bold’s gold and copper projects in Northwestern Ontario and EGS’s high grade Cu-Ag-Pb-Zn-Au-Co project in Nunavut.

Robert Suttie – Chief Financial Officer

Robert Suttie currently serves as CFO with over 40 years’ experience as a consultant raising capital for emerging companies. He has been a director/executive at several private/public corporations.

William Johnstone – Corporate Secretary and Legal Counsel

William Johnstone is the company’s corporate counsel and corporate secretary. Johnstone has been a partner at Gardiner Roberts LLP since February 2005, practicing in the areas of corporate and securities law for over 40 years.

Ian Bodie-Brown – Director

Ian Bodie-Brown is an industry consultant with over 35 years’ experience. He is chairman of Rio Silver (on the TSX Venture Exchange) and a professional geologist.

Steve Brunelle – Director

Steve Brunelle is a professional geologist with over 35 years’ experience and is the chairman of Rio Silver (on the TSX Venture Exchange).

This post appeared first on investingnews.com

U.S.-based companies announced more than 153,000 job cuts in October, the research firm Challenger, Gray & Christmas reported Thursday.

“This is the highest total for October in over 20 years, and the highest total for a single month in the fourth quarter since 2008,’ the firm said in a news release.

From January through the end of October, employers have announced the elimination of nearly 1.1 million jobs. It’s the most Challenger has recorded since 2020, when the Covid-19 pandemic shut down the global economy.

“October’s pace of job cutting was much higher than average for the month,’ Andy Challenger, the firm’s chief revenue officer, said in a statement. The last time there was a higher October monthly total was in 2003.

“Some industries are correcting after the hiring boom of the pandemic, but this comes as AI adoption, softening consumer and corporate spending, and rising costs drive belt-tightening and hiring freezes,” he said.

On Wednesday, the private payroll processor ADP released its own October jobs data, showing that employers added just 42,000 jobs in the month.

The ADP report also flagged job losses in the leisure and hospitality sector as a potential sign of trouble ahead, given the industry’s acute sensitivity to consumer sentiment.

ADP’s chief economist called the losses in hospitality and leisure a ‘concerning trend.’

Both Challenger and ADP’s reports landed as major companies such as Amazon, IBM, UPS, Target, Microsoft, Paramount and General Motors announced plans to eliminate tens of thousands of jobs.

Despite the wave of downbeat economic news, the Trump administration continues to deliver an upbeat take on the current environment.

“Jobs are booming” and “inflation is falling,” Treasury Secretary Scott Bessent said Tuesday.

However, the most recent available data paints a different picture.

Inflation has also been on the rise. Prices as measured by the Consumer Price Index overall have risen every month since April.

A spokesperson for the Treasury Department did not immediately reply to a request for comment on the Challenger report.

Challenger’s report does not typically carry the same weight with economists and investors as federal jobs data, owing to its methodology.

To arrive at its figures, the firm compiles the number of job cuts companies have publicly announced. But employers may not ultimately carry out all the cuts they roll out.

Moreover, some of the job cuts that multinational companies announce could affect workers outside of the United States. Other headcount reductions could be achieved through attrition, rather than layoffs. The report also may not capture smaller layoffs over the long run.

But in the midst of a federal data blackout caused by the government shutdown, Challenger’s latest report is being read more closely than usual.

The federal government’s October jobs report that would traditionally be released Friday will not be published this week, due to the shutdown.

Other key data about the U.S. economy like GDP and an inflation indicator called PCE, closely watched by the Federal Reserve, has also been delayed.

Challenger equated the impact of AI on the current labor market to the rise of the internet in the early aughts. “Like in 2003, a disruptive technology is changing the landscape,” it said.

‘Technology continues to lead in private-sector job cuts as companies restructure amid AI integration, slower demand, and efficiency pressures,’ Challenger said.

But even firms that are not actively cutting jobs have warned that they do not plan to add to their headcount in the near term, with several pointing directly to AI’s impact on their personnel needs.

On Wednesday night, JPMorgan Chase CEO Jamie Dimon told CNN that headcount at his company would likely remain steady as the nation’s largest bank rolls out AI internally.

Goldman Sachs CEO David Solomon also recently told his employees that the firm would ‘constrain headcount growth through the end of the year,’ as it takes advantage of AI efficiencies, Bloomberg reported.

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Leaders of a 189-member group that acts as the House GOP’s de facto conservative think tank are formally endorsing a new short-term federal funding bill.

With just over two weeks until the deadline for Republicans’ initial Nov. 21 plan and the threat of more government shutdown chaos, the Republican Study Committee (RSC) Steering Committee is calling for an extension into ‘at least’ January 2026.

‘Democrats are responsible for the longest government shutdown in U.S. history — paralyzing our country and deepening the healthcare crisis sparked by Obamacare,’ reads a statement first obtained by Fox News Digital.

‘House conservatives support a return to regular order accomplished only by a continuing resolution that funds the government at least into January 2026.’

A debate is already brewing within the GOP about how long another extension should last, with some conservatives even demanding a bill carrying last year’s federal spending levels through at least November 2026.

The House passed a short-term measure called a continuing resolution (CR) on Sept. 19, aimed at extending fiscal year (FY) 2025 funding levels for seven weeks to give lawmakers more time to strike a deal on FY 2026 federal spending.

But progress has been stalled in the Senate for weeks, where Democrats are demanding any spending bill be paired with an extension of COVID-19 pandemic-era Obamacare subsidies set to expire at the end of this year.

Senate Majority Leader Thune, R-S.D., has floated the idea of holding a vote on extending the subsidies if Democrats agree to Republicans’ CR, which is currently free of partisan policy riders.

It’s not clear if there’s an appetite for such a vote in the House, RSC leaders’ new statement suggests.

‘We are also committed to delivering a healthcare system that is truly accessible, affordable, and spurs innovation. Congress should reject any extension of the wasteful COVID-era subsidies that fuel fraud and drive up costs,’ they said.

The latest position by the RSC, led by Rep. August Pfluger, R-Texas, is likely an accurate indication of where most House Republicans’ feelings on both the CR and the Obamacare subsidies are.

Speaker Mike Johnson, R-La., signaled support for a January CR on a private call with House GOP lawmakers on Tuesday, Fox News Digital was told earlier this week.

House Appropriations Committee Chairman Tom Cole, R-Okla., told Fox News Digital last month that he and others on his committee could support an extension into January.

But both issues are likely to see debate within the House GOP, not to mention the chamber as a whole.

Just over a dozen Republicans led by Rep. Jen Kiggans, R-Va., are supportive of extending the enhanced Obamacare subsidies by a year as a cushion to give the GOP more time to reform the flawed U.S. healthcare system.

Without it, some members of that coalition have argued, millions of Americans could be faced with a fiscal cliff leaving them to pay significantly more per month for their healthcare.

And on the CR debate, the House Freedom Caucus led by Rep. Andy Harris, R-Md., recently released a statement calling for a CR that extends at least into November 2026.

Their reasoning is that such a measure is the most effective way of keeping federal spending low and avoids another messy government funding fight until after the midterm elections.

But appropriators are against such a move, arguing that Congress must follow its constitutional duty in setting a yearly budget rather than relying on spending levels first passed under former President Joe Biden for another year.

It’s also not clear that Democrats, at least several of whom are needed to break a filibuster in the Senate, would accept a year-long CR.

Meanwhile, the government shutdown is in its 37th day, already having made history as the longest fiscal standoff in U.S. history.

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