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SAGA Metals Commences Drilling Campaign to Advance Mineral Resource Estimate at Radar Project in Labrador

Saga Metals Corp. (‘SAGA’ or the ‘Company’) (TSXV: SAGA,OTC:SAGMF) (OTCQB: SAGMF) (FSE: 20H) a North American exploration company advancing critical mineral discoveries, is pleased to announce the commencement of Phase 1 diamond drilling at the high-priority Trapper Zone on its 100%-owned Radar Titanium-Vanadium-Iron (‘Ti-V-Fe’) Project located near Cartwright, Labrador. This marks a significant milestone in advancing the Trapper Zone toward a maiden indicated Mineral Resource Estimate (‘MRE’), building on the successful maiden drill program completed earlier this year at the adjacent Hawkeye Zone.

Highlights

  • Drilling Underway : Phase 1 of the 2025-2026 program has officially begun with the first hole spudded with a Duralite 800 diamond drill, targeting the main oxide layer along the 3.3 km continuous magnetic anomaly identified through regional aeromagnetic surveys and ground geophysical follow-up.
  • Program Scope : Up to 15,000 metres of NQ-diameter diamond drilling planned across approximately 25-30 holes, with an average depth of 250-300 metres per hole, focused on delineating the rhythmic oxide layering of vanadiferous titanomagnetite (‘VTM’) mineralization along the Trapper Zone’s strike length.
  • Proven Contractor : Gladiator Drilling Inc., the same experienced team that successfully executed SAGA’s 2025 maiden program at the Hawkeye Zone—intersecting notable TiO₂, V 2 O 5 and Fe₂O₃ grades—has been retained to ensure efficient operations for this robust program.
  • Target Generation : Drill targets refined from integrated geophysical surveys; (magnetic & VLF), geochemical soil and rock sampling, and structural mapping data, highlighting a thick VTM layer running through the zone with potential for high-grade titanium, vanadium, and iron endowments comparable to global analogs like China’s Panzhihua deposit.
  • Strategic Focus : Initial holes will test both North and South sections of the Trapper Zone to constrain grade, width, and structural continuity, informing a maiden MRE expected in H2 2026 and supporting preliminary metallurgical test work.

Figure 1: Gladiator Drilling’s Duralite 800 diamond drill shack setup in the Trapper Zone at the Radar Project.

Drill Program Details

Drilling at Trapper will employ oriented NQ core (47.6 mm diameter) to capture detailed structural data, including specialized survey tools from IMDEX to collect structural geology information. The program prioritizes 100-meter spaced section drilling across the high magnetic anomalies from the 2025 summer field program.

Trapper Zone Hole 1 (Azimuth 38°, Dip -45°) : Initial 250-meter hole testing the central oxide layer concentrated through the nose of the fold in the northern section of the Trapper zone.

  • Subsequent Holes : Section drilling will expand section across and along strike in Trapper North before moving to Trapper South; where Saga will target a wide drill section across the multi magnetic linear trends as expressed by magnetics.
  • Phased Approach: Phase 1 (1,500-2,500 meters) focuses on at least two definitive sections; one in Trapper North and the other in Trapper South before winter break, with Phase 2 resuming in Q1 2026 to cover the full extent.

All cores will assay for major element oxides by lithium metaborate–tetraborate fusion followed by X-ray fluorescence spectrometry (LiBO₂–Li₂B₄O₇ fusion–XRF finish) to better test the distribution of vanadiferous titanomagnetite and ilmenite.

Figure 2: Radar Project, Trapper Zone: shown is a 3+ km Total Magnetic Intensity (TMI) anomaly from the 2025 ground survey and the inferred oxide layering trend. The Trapper Trail (in black) will be the target of the planned 15,000 m diamond drilling program aimed at establishing Saga’s maiden mineral resource estimation.

Drill Program Objectives:

The Phase 1 Trapper Zone drill campaign will target:

  • Grade continuity across a 3 km strike length.
  • Oxide layering widths and continuity to true depths of about 200 metres.
  • Integration of structural insights from trenching and drilling into collar orientation and drill design.
  • Initial drilling of 1,500-2,500 m in 6-10 holes, each about 250 m in depth will be completed before the December break.
  • Test both the North and South sections of the Trapper zone prior to the break in order to fully grasp grade, width and structure prior to initiating the detailed grid and drill sections in 2026 for the purposes of a mineral resource estimate.
  • Drilling will be complemented by metallurgical sampling through the winter, with core from both the Hawkeye and Trapper zones undergoing detailed metallurgical testing.

Figure 3: Radar Project’s prospective oxide layering zone extends for an inferred 20 km strike length, as shown on a compilation of historical airborne geophysics as well as ground-based geophysics in the Hawkeye and Trapper zones completed by SAGA in the 2024/2025 field programs. SAGA has demonstrated the reliability of the regional airborne magnetic surveys after ground-truthing and drilling in the 2024 and 2025 field programs .

The Radar Property spans 24,175 hectares and hosts the entire Dykes River intrusive complex (~160 km²), a unique position among Western explorers. Geological mapping, geophysics, and trenching have already confirmed oxide layering across more than 20 km of strike length, with mineralization open for expansion.

Vanadiferous titanomagnetite (‘VTM’) mineralization at Radar is comparable to global Fe–Ti–V systems such as Panzhihua (China), Bushveld (South Africa), and Tellnes (Norway), positioning the Project as a potential strategic future supplier of titanium, vanadium, and iron to North American markets.

‘There is a resounding positive energy flowing through the team, as the geologist, technicians and drillers have all worked tirelessly to commence drilling today. Leveraging the proven success of our Hawkeye program and Gladiator’s expertise, everyone on site knows the significance and the potential to unlock this incredible VTM opportunity,’ commented Michael Garagan, CGO & Director of Saga Metals. ‘The 3.3 km magnetic anomaly at Trapper mirrors the scale and geology of major deposits worldwide, and with critical minerals demand surging amid green energy transitions and domestic supply security rises—this program positions SAGA to deliver transformative results. Our systematic approach, from expert target refinement to integrated geophysics, has de-risked the zone for rapid resource definition and positions us for partnerships in Labrador’s mining renaissance.’

Figure 4: SAGA’s geologist, Dylan McKeen, reviewing core from the Radar Project’s Hawkeye zone drilled earlier in 2025 as Gladiator’s begins drilling core from the Trapper zone.

Qualified Person

Paul J. McGuigan, P. Geo., is an Independent Qualified Person as defined under National Instrument 43-101 and has reviewed and approved the technical information disclosed in this news release.

About Saga Metals Corp.

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

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

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

With a portfolio that spans key commodities crucial for the clean energy future, SAGA is strategically positioned to play an essential role in critical mineral security.

On Behalf of the Board of Directors

Mike Stier, Chief Executive Officer

For more information, contact:

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

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

Cautionary Disclaimer

This news release contains forward-looking statements within the meaning of applicable securities laws that are not historical facts. Forward-looking statements are often identified by terms such as ‘will’, ‘may’, ‘should’, ‘anticipates’, ‘expects’, ‘believes’, and similar expressions or the negative of these words or other comparable terminology. All statements other than statements of historical fact, included in this release are forward-looking statements that involve risks and uncertainties. In particular, this news release contains forward-looking information pertaining to the exploration of the Company’s Radar Project. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, environmental risks, limitations on insurance coverage, inherent risks and uncertainties involved in the mineral exploration and development industry, particularly given the early-stage nature of the Company’s assets, and the risks detailed in the Company’s continuous disclosure filings with securities regulations from time to time, available under its SEDAR+ profile at www.sedarplus.ca. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements only as expressly required by applicable law.

Photos accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/7e93e4c5-6326-4dc5-9d54-eea80b537eed

https://www.globenewswire.com/NewsRoom/AttachmentNg/10dd4552-e987-4d15-93eb-d2400ea4ae6e

https://www.globenewswire.com/NewsRoom/AttachmentNg/1ccd1e03-ac41-4e72-acf9-a6b6e1ef87b7

https://www.globenewswire.com/NewsRoom/AttachmentNg/8b631fa1-e6a1-4119-8b96-6c6ec185e9f3

News Provided by GlobeNewswire via QuoteMedia

This post appeared first on investingnews.com

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China Grants Conditional Approval to Codelco-SQM Lithium Joint Venture

Chile’s state-owned copper giant Corporación Nacional Del Cobre de Chile (Codelco) and local lithium producer Sociedad Quimica y Minera (SQM) (NYSE:SQM) cleared the final major hurdle for a long-planned partnership after China’s antitrust regulator granted conditional approval to the venture.

The green light allows the joint venture to move forward, pending formal authorization from Chile’s comptroller, which is widely expected by year-end.

The joint venture will operate in Chile’s Salar de Atacama, one of the richest lithium brine sources globally, to provide critical components for electric vehicles and battery storage.

China’s State Administration for Market Regulation said in a statement that Codelco and SQM must continue supplying Chinese customers on “fair, reasonable and non-discriminatory” terms, honoring existing commitments.

The regulator also required the companies to avoid sharing sensitive information with competitors and to follow specified corporate governance practices.

“In the event of a major supply change, both sides should make reasonable and best efforts to continue the supply of lithium carbonate products to Chinese customers … they should not turn down, restrict or delay supply to Chinese clients,” the statement added. Details of the conditions were kept confidential.

The joint venture will operate in two phases. SQM will oversee management through 2030, after which Codelco will take control for the remaining 30 years.

Codelco will contribute a production quota of up to 300,000 metric tons to the venture, while current output remains below 200,000 metric tons. Production gains are expected to come from technological improvements and efficiency measures rather than expanded brine extraction.

Analysts say the partnership could provide greater supply certainty to battery makers, even as lithium prices remain more than 80 percent below their late-2022 peak amid a global surplus.

Chile’s Economy Minister Álvaro Garcia said in August that he expected the deal to close before the current administration leaves office in 2026.

Multiple international regulators, including those in the European Union, Brazil, Japan, South Korea and Saudi Arabia, have already signed off.

For China, securing supply from Chile remains critical. The antitrust conditions reflect Beijing’s interest in maintaining steady imports while preventing the venture from disrupting market prices.

Currently, China is the world’s largest battery metal consumer and a major buyer of Chilean lithium.

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

This post appeared first on investingnews.com

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Trump’s Fed Feud: Fears Over Fed Independence Benefit Gold

Uncertainty over the autonomy of the Federal Reserve under US President Trump echoes historical executive overreach, and is boosting gold’s safe-haven appeal.

In its annual Precious Metals Investment Focus report, published on October 25, Metals Focus highlighted a number of factors amplifying gold’s safe haven appeal and driving prices above US$4,000 per ounce.

One of the factors was fears over the independence of the Fed. As the agency tasked with setting the country’s monetary policy, the Fed is coming under increasing political pressure by Trump to lower interest rates.

“Concerns over the Fed’s independence and the challenges concerning US fiscal policy have eroded confidence in the US dollar, while geopolitical risks have also provided support,” stated the firm “These factors have boosted demand for gold for portfolio diversification, with gold’s strong price performance further enhancing its appeal to investors.”

The Fed’s independence has long been a cornerstone of US monetary policy. Its purview includes managing the country’s money supply, setting interest rates as well as buying and selling of US Treasury securities on the open market.

In order to protect both democracy and the integrity of the capital market system from political pressures, the Fed must be free to conduct these operations independently from the president or Congress.

Trump spars with Powell over interest rates

Trump appointed Powell as Fed chair during his first presidential term, but nevertheless took to Twitter in August 2019 to ask, “who is our bigger enemy, Jay Powell or Chairman Xi?”

The statement came after Powell made comments at an annual conference in Jackson Hole, Wyoming, suggesting Trump’s trade policies vis-à-vis China were weighing on economic growth.

More recently, in April of this year, the president blasted Powell for keeping interest rates unchanged: ‘The Fed really owes it to the American people to get interest rates down, that’s the only thing he’s good for.”

While the Fed has cut rates twice this year, it only amounts to 50 basis points, with rates now in a range of 3.75 to 4 percent. Powell has publicly balked at the idea of making deeper cuts — further stoking Trump’s ire.

Following the first rate cut in September, a Politico reporter asked Powell what may signal to Americans that the Fed is no longer acting nonpartisanly. “We don’t frame these questions at all or see them in terms of political outcomes. In another part of Washington, everything is seen through the lens of does it help or hurt this political party, this politicians,” Powell said. “That’s the framework. People find it hard to believe that’s not at all the way we think about things at the Fed. We take a longer perspective, we’re trying to serve the American people as best as we can.”

What history tells us about political pressure, the Fed and stagflation

“There’s no secret as to the president’s feelings towards Chairman Powell. Trump wants lower interest rates and a more accommodative Fed, and has been very vocal in saying that, to the extent that everyone is now saying Fed independence is at risk. And look, it might be, but it’s not like we haven’t been here before,” he said.

A prime example, said Rozencwajg, occurred alongside the Vietnam War in the mid-1960s. President Lyndon B. Johnson bullied Fed Chair William Martin (the longest tenured Fed chair and a man whose father helped draft the Federal Reserve Act) into keeping interest rates low to help the government fund not only the Vietnam War but also social welfare programs at home without the need to upset the voting public with tax hikes.

When Martin didn’t get on board with Lyndon’s “guns and butter” economic policies, the then-president reportedly threatened to replace Martin as Fed chair, cut the Fed’s budget and suffocate it with audits.

At first stalwart in his fight to preserve the value of the dollar, Martin eventually capitulated by delaying further hikes before eventually cutting rates and keeping them low. In doing so, he planted the seed for what’s now called the “Great Inflation.” Between 1965 and 1980, the annual average US inflation rate rose from 1.6 percent to a peak of 13.5 percent.

Lyndon’s successor Richard Nixon is another prime example of a US president bullying the Fed to lower rates in order to advance politically with disastrous consequences.

This time the Fed chair was Arthur Burns, another believer in the importance of Fed independence. However, Nixon felt Burns owed him a debt of loyalty for making him an economic advisor and later appointing him as Fed chair. Heading into the 1972 election season, Nixon wanted Burns to lower rates in order to juice the economy in the short-term.

“I respect Burns’s independence. But I hope that independently he will conclude that my views are the ones that should be followed,” said Nixon, who also used US Treasury Security John Connally to further put the squeeze on Burns.

Like Martin, he would eventually cave by slashing rates and expanding the money supply far above the Fed’s stated targets. This led to what’s known as the “Nixon Shock,” which brought about the collapse of the Bretton Woods system of fixed exchange rates and ended the convertibility of US dollars into gold.

This resulted in the devaluation of the US dollar and ultimately sank the economy deeper into the Great Inflation to the point that stagflation (inflation + no economic growth) took hold.

“(Arthur Burns) had a tough job and was under a huge amount of pressure, and was a very astute economist and Fed chairman,” said Rozencwajg. “But nevertheless, he probably wins the award for the worst Fed chairman in history, just because he was there and it all happened under his watch.”

Once decoupled from the dollar, the price of gold surged from the decades-long fixed price of US$35 per ounce under the Bretton Woods system to more than US$600 by the spring of 1980. The gold price would manage to retain that level for much of the year before starting a downward slide to half that value by mid-1982. The yellow metal would not achieve that high again until the spring of 2006 on renewed inflationary fears and a weaker US dollar.

To tame the inflation beast of the 1970s, Fed Chair Paul Volcker (serving from 1979 to 1987) had to raise interest rates to 20 percent. While his plan, known as the “Volker Shock,” did eventually curb inflation down to 3 percent by 1983, it also brought about two recessions and unemployment over 10 percent.

Trump to replace Powell with political loyalist

A modern day example of the executive branch threatening the independence of the Fed is now playing out for us to watch in real time. Today, the players are Trump and Powell. This time, the president is pushing the Fed chair to lower rates at a faster pace in order to support his tariff-based economic policies as the threat of stagflation looms.

Powell’s comments following the 0.25 percent rate cut on October 29 show he isn’t likely to play ball. “In the committee’s discussions at this meeting, there were strongly differing views about how to proceed in December,” he said. “A further reduction in the policy rate at the December meeting is not a foregone conclusion. Far from it.”

Rozencwajg believes Powell wants to be remembered in the same vein as Volcker, not as Burns. “But there’s a third option, which I don’t think anyone’s really considered, which is that he’ll go down as Martin, the guy who tried his best and ultimately was pressured out and whose views were then completely undone in the chairmanship after,” he added.

By the end of this year, Trump intends to announce a replacement for Powell, whose term expires in May 2026. Echoing LBJ and Nixon’s threats to the Fed, Trump exclaimed at a business leaders dinner in Tokyo in October, “We have an incompetent head of the Fed … but he’ll be out of there in a few months, and we’ll get somebody new’.

US Secretary of the Treasury Scott Bessent has announced a shortlist of candidates to take the stop spot, including Fed Governors Christopher Waller and Michelle Bowman, National Economic Council Director Kevin Hassett, former Fed Governor Kevin Warsh and BlackRock (NYSE:BLK) executive Rick Rieder.

“In the 1970s they didn’t believe that the money supply was responsible for higher prices in the economy, and the current Fed doesn’t believe that their own policies of printing money are responsible for increased prices,” he said. “There were some very dovish people appointed to the Fed in the 1970s who allowed politicians to strong arm them into dovish low interest rate policies … President Obama, President Biden and now President Trump are loading up the Federal Reserve with monetary doves who will cut interest rates and expand the money supply at the drop of a hat.”

Regardless, Powell’s days at the Fed are numbered. “President Trump’s going to replace him with another dove, who’s going to be even more aggressive with monetary policy,” said Thornton.

Both Thornton and Rozencwajg believe the bull market for gold has much further to go. With another dove at the helm of the Fed, lower interest rates are on the horizon. Lower interest rates make gold a much more attractive investment option than yield-bearing assets. The promise of higher inflation and continued economic uncertainty will also likely continue incentivizing both investors and central banks to pile into safe-haven gold.

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

This post appeared first on investingnews.com

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Mike Johnson speaks out after Senate breakthrough on government shutdown

Speaker Mike Johnson, R-La., is glad the Senate finally managed to break through its weeks-long standoff on the government shutdown, he told Fox News Digital on Monday morning.

‘It’s a great development. It’s long overdue. It vindicates our position in this all along,’ the House leader said.

He added that he would have ‘a lot more to say at a press conference this morning.’

Asked how soon the House would return to session, Johnson said, ‘Immediately.’

‘We’re going to get everybody back on a 36-hour notice, so it’ll be happening early this week,’ Johnson said.

The House has not been in session since Sept. 19, when lawmakers there first passed a bill to avert a shutdown by extending current federal funding levels through Nov. 21. Democrats rejected that deal, however, kicking off weeks of a worsening impasse where millions of Americans’ federal benefits and air travel were put at risk.

Eight Senate Democrats joined all but one Senate Republican in breaking a filibuster to advance an updated government funding deal late on Sunday night.

It came on Day 40 of the government shutdown — which already holds the record for being the longest shutdown in U.S. history.

Terms of the deal include a new extension of fiscal year (FY) 2025 federal funding levels through Jan. 30, in order to give congressional negotiators more time to strike a longer-term deal on FY 2026 spending.

It would also give lawmakers some headway with that mission, advancing legislation to fund the Department of Agriculture and the Food and Drug Administration; the Department of Veterans Affairs and military construction; and the legislative branch.

They are three of 12 individual bills that are meant to make up Congress’ annual appropriations, paired into a vehicle called a ‘minibus.’

In a victory for Democrats, the deal would also reverse federal layoffs conducted by the Trump administration in October, with those workers getting paid for the time they were off.

It also guarantees Senate Democrats a vote on legislation extending Obamacare subsidies that were enhanced during the COVID-19 pandemic, which are set to expire at the end of this year.

Extending the enhanced Obamacare subsidies was a key ask for Democrats in the weeks-long standoff.

No such guarantee was made in the House, however, so Democrats effectively folded on their key demand in order to end the shutdown — a move that infuriated progressives in Congress.

This post appeared first on FOX NEWS

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Trump welcomes Syrian president to Washington in high-profile visit as shutdown deal takes shape

With a deal to end the record government shutdown taking shape, President Donald Trump is turning to foreign policy at the start of the week.

On Monday, Trump will host Syrian President Ahmed al-Sharaa at the White House, the first official visit by a Syrian leader to Washington. Officials describe the meeting as a landmark attempt to bring Damascus back into the diplomatic fold after years on the international sidelines.

It will be the third meeting between Trump and al-Sharaa this year, as Syria’s new leadership works to rebuild a shattered nation and restore ties with Arab states and the West following the end of Bashar al-Assad’s 14-year civil war.

In a move paving the way for the talks, Washington eased key restrictions on Syria’s leadership ahead of the meeting.

On Friday, the United States lifted sanctions on al-Sharaa, mirroring a United Nations Security Council move a day prior, ahead of his meeting with Trump. According to a notice on the U.S. Treasury Department’s website, the Specially Designated Global Terrorist designations were removed from both Sharaa and Syria’s interior minister, Anas Khattab.

The White House meeting also comes against the backdrop of a grinding government shutdown that has paralyzed federal agencies and left Washington mired in a political standoff over funding.

Senate Republicans and Democrats have reached a deal to end the impasse on Sunday evening, but the government won’t officially reopen until the House, which has been out of session for nearly six weeks, approves the agreement. The measure would then go to President Trump for his signature.

Speaking to reporters at the White House on Sunday evening, Trump said a deal to end the government shutdown was within reach.

‘It looks like we’re very close to the shutdown ending,’ he said.

The shutdown, which began on Oct. 1, has become the longest in U.S. history. It’s the 21st government shutdown since 1976 and the longest since a 34-day standoff over funding for Trump’s border wall halted operations from December 2018 to January 2019.
 

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Johnson takes victory lap in first comments after Senate shutdown deal: ‘Vindicated’

Speaker Mike Johnson, R-La., is glad the Senate finally managed to break through its weeks-long standoff on the government shutdown, he told Fox News Digital on Monday morning.

‘It’s a great development. It’s long overdue. It vindicates our position in this all along,’ the House leader said.

He added that he would have ‘a lot more to say at a press conference this morning.’

Asked how soon the House would return to session, Johnson said, ‘Immediately.’

‘We’re going to get everybody back on a 36-hour notice, so it’ll be happening early this week,’ Johnson said.

The House has not been in session since Sept. 19, when lawmakers there first passed a bill to avert a shutdown by extending current federal funding levels through Nov. 21. Democrats rejected that deal, however, kicking off weeks of a worsening impasse where millions of Americans’ federal benefits and air travel were put at risk.

Eight Senate Democrats joined all but one Senate Republican in breaking a filibuster to advance an updated government funding deal late on Sunday night.

It came on Day 40 of the government shutdown — which already holds the record for being the longest shutdown in U.S. history.

Terms of the deal include a new extension of fiscal year (FY) 2025 federal funding levels through Jan. 30, in order to give congressional negotiators more time to strike a longer-term deal on FY 2026 spending.

It would also give lawmakers some headway with that mission, advancing legislation to fund the Department of Agriculture and the Food and Drug Administration; the Department of Veterans Affairs and military construction; and the legislative branch.

They are three of 12 individual bills that are meant to make up Congress’ annual appropriations, paired into a vehicle called a ‘minibus.’

In a victory for Democrats, the deal would also reverse federal layoffs conducted by the Trump administration in October, with those workers getting paid for the time they were off.

It also guarantees Senate Democrats a vote on legislation extending Obamacare subsidies that were enhanced during the COVID-19 pandemic, which are set to expire at the end of this year.

Extending the enhanced subsidies for Obamacare, formally called the Affordable Care Act (ACA), was a key ask for Democrats in the weeks-long standoff.

No such guarantee was made in the House, however, so Democrats effectively folded on their key demand in order to end the shutdown — a move that infuriated progressives in Congress.

‘Tonight, eight Democrats voted with the Republicans to allow them to go forward on this continuing resolution,’ Sen. Bernie Sanders, I-Vt., said in a video he posted Sunday night. ‘And to my mind, this was a very, very bad vote.’

House Minority Leader Hakeem Jeffries, D-N.Y., also announced his opposition over the lack of concrete movement on Obamacare.

‘We will not support spending legislation advanced by Senate Republicans that fails to extend the Affordable Care Act tax credits,’ he said in a statement. 

Several Republicans also pointed out the final deal was not dissimilar to what Senate GOP leaders had been offering Democrats for weeks.

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Johnson orders lawmakers back to DC ‘right now’ as shutdown sparks travel chaos

Speaker Mike Johnson, R-La., is sending a critical warning to House lawmakers as the government shutdown continues to wreak havoc on air travel.

‘As of Sunday, nearly half of all domestic flights and U.S. flights were either canceled or delayed, and it’s a very serious situation,’ Johnson said in comments to reporters on Monday.

‘So I’m saying that, by way of reminder, I’m stating the obvious, to all my colleagues, Republicans and Democrats in the House, you need to begin right now returning to the Hill. We have to do this as quickly as possible.’

The House leader was referring to taking up the Senate’s bipartisan measure to finally end the government shutdown, now on its 41st day.

The Federal Aviation Administration (FAA) is expected to reduce air travel at the nation’s 40 busiest airports by 6% as of Tuesday, amid widespread staffing shortages that have been attributed to the shutdown.

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.

‘The problem we have with air travel is that our air traffic controllers are overworked and unpaid, and many of them have called in sick. That’s a very stressful job, and even more stressful, exponentially, when they’re having trouble providing for their families. And so air travel has been grinding to a halt in many places,’ Johnson said on Monday.

He delivered a statement to the press less than 12 hours after the Senate broke its weeks-long impasse on the shutdown, with eight Senate Democrats joining the GOP to overcome a filibuster.

Johnson told Fox News Digital exclusively earlier Monday that he would call the House back ‘immediately’ upon Senate passage of the bill — which he suggested could come sooner rather than later.

‘We’re going to get everybody back on a 36-hour notice, so it’ll be happening early this week,’ Johnson said.

The House has not been in session since Sept. 19, when lawmakers there first passed a bill to avert a shutdown by extending current federal funding levels through Nov. 21. Democrats rejected that deal, however, kicking off weeks of a worsening impasse where millions of Americans’ federal benefits and air travel were put at risk.

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Chinese diplomat threatens to cut off new Japanese PM’s head over Taiwan comments

A Chinese consul general in Japan threatened to decapitate the nation’s new prime minister over her comments in defense of Taiwan, prompting outrage in Tokyo and underscoring the rising tension between the two regional powers.

Prime Minister Sanae Takaichi, who took office last month, told a parliamentary committee Friday that a Chinese blockade of Taiwan would likely create a ‘survival-threatening situation’ for Japan — one that could compel Tokyo to deploy its Self-Defense Forces in response. The democratically governed island sits just 60 miles from Japanese territory.

Xue Jian, the Chinese consul general in Osaka, fired back in a since-deleted X post on Sunday: ‘That filthy neck that barged in on its own — I’ve got no choice but to cut it off without a moment’s hesitation. Are you prepared for that?’

Japan’s government condemned the statement, with Chief Cabinet Secretary Minoru Kihara calling it ‘extremely inappropriate’ and confirming that Tokyo had lodged a formal protest with Beijing. Kihara said Xue had made ‘multiple’ inflammatory remarks in the past and urged China to take disciplinary action.

China instead appeared to defend the diplomat. Foreign Ministry spokesperson Lin Jian told reporters Monday that Xue’s words came in response to Takaichi’s ‘wrongful and dangerous’ comments, which he said misrepresented China’s position on Taiwan. Lin accused Japan of ‘refusing to face up to its historical responsibilities’ and warned Tokyo not to interfere in ‘internal Chinese affairs.’

Takaichi later told reporters her comments were ‘hypothetical’ and said she would refrain from making similar remarks in the future.

The episode threatens to strain already fraught relations between Asia’s two largest economies. Takaichi, a nationalist known for her hawkish views on China and close ties with Washington, has sought to deepen defense cooperation with the Trump administration. She has pledged to push Japan’s long-stagnant defense spending above 1% of GDP and to play a more assertive role in maintaining stability across the Taiwan Strait.

U.S. defense officials have long argued that Japan’s participation would be critical in any potential conflict over Taiwan, which Beijing sees as its own.

Japan’s chief cabinet secretary Minoru Kihara said that while the intent of the post was ‘not entirely clear’ Xue’s remarks were ‘extremely inappropriate.’ He said Xue had made multiple inappropriate statements and Japan has asked Beijing to take action.

Though the post was deleted, China backed up Xue. Foreign ministry spokesperson Lin Jian said in a news conference on Monday his words were in response to Takaichi’s ‘wrongful and dangerous’ remarks on Taiwan, urging Tokyo to ‘take a hard look at its historical responsibilities.’

Takaichi said on Monday her comments were ‘hypothetical’ and she would refrain from making them again.

The consulate in Osaka could not immediately be reached for comment.

This post appeared first on FOX NEWS

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Torchlight Innovations Inc. Announces Name Change to RZOLV Technologies Inc

Torchlight Innovations Inc. (TSXV: RZL) (the ‘Company’), is pleased to announce that the Company has changed its name from ‘Torchlight Innovations Inc.’ to ‘Rzolv Technologies Inc.’ (the ‘Name Change’). The Name Change was approved by the Company’s board of directors on November 3, 2025. The Company’s common shares (the ‘Common Shares’) will commence trading under its new name on the TSX Venture Exchange (the ‘TSXV’) at market open on November 12, 2025 (the ‘Effective Date’).

In connection with the Name Change, the following new CUSIP (76091C103) and ISIN (CA76091C1032) numbers have been assigned to the Common Shares. No action is required to be taken by shareholders with respect to the name change. Outstanding common share and warrant certificates bearing the old name of the Company are still valid and are not affected by the Name Change.

About Rzolv Technologies Inc.

Rzolv Technologies Inc. is a clean-tech company with an innovative technology that aims to transform the gold mining industry. The Company has developed RZOLV, a proprietary, non-toxic hydrometallurgical formula for gold extraction. The formula offers a sustainable, safe, and water-based alternative to cyanide.

While cyanide has been the industry standard for over a century, its toxic nature has led to bans in several countries and costly permitting challenges for mining companies. RZOLV offers similar cost and performance metrics as cyanide, but with a non-toxic, reusable and sustainable profile. The Company is currently focused on validating its technology through a 100-tonne industrial test, after which full commercialization efforts will begin.

Rzolv Technologies Inc. has safeguarded RZOLV by filing an international patent and possessing a robust portfolio of trade secrets, facility security, chemical obfuscation, and stringent employment confidentiality agreements ensuring long-term competitive advantages. The intellectual property framework includes protection for its chemical formulation, regeneration processes, and specific applications in heap leaching, vat leaching, and concentrate processing.

Cautionary Note

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

For further information, please contact: 

Duane Nelson
Email: duane@rzolv.com
Phone: 604-512-8118

Cautionary Note Regarding Forward-Looking Statements

This news release contains statements that constitute ‘forward-looking statements.’ Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements, or developments to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words ‘expects,’ ‘plans,’ ‘anticipates,’ ‘believes,’ ‘intends,’ ‘estimates,’ ‘projects,’ ‘potential’ and similar expressions, or that events or conditions ‘will,’ ‘would,’ ‘may,’ ‘could’ or ‘should’ occur. Forward-looking statements in this news release include, among others, statements relating to the Effective Date that the Common Shares will commence trading under the Company’s new name on the TSXV.

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 and risks include, among others: the Common Shares will not commence trading under Company’s new name on the TSXV on the Effective Date.

The forward-looking information in this news release is based on management’s reasonable expectations and assumptions as of the date of this news release. Certain material assumptions regarding such forward-looking statements were made, including without limitation, assumptions regarding: the Common Shares will commence trading under the Company’s new name on the TSXV on the Effective Date.

The forward-looking information contained in this news release represents the expectations of the Company as of the date of this news release and, accordingly, is subject to change after such date. There can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. The Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/273830

News Provided by Newsfile via QuoteMedia

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Laguna Verde Resource Increase Based on Recent Licence Acquisition

CleanTech Lithium PLC (‘CleanTech Lithium’ or ‘CleanTech’ or the ‘Company’) (AIM: CTL, Frankfurt:T2N), an exploration and development company advancing sustainable lithium projects in Chile, announces an updated resource estimate for its Laguna Verde project following the recent acquisition of additional licences at the project. Laguna Verde is one of the six salars selected by the Chilean Government to be prioritised for development by private companies.

Highlights:

  • The mineral resource estimate is updated from that reported on 20 Jan 2025, based on the recent acquisition of additional licences at the project, as reported to the market on 11 Aug 2025
  • The updated total resource is 1.9 million tonnes of Lithium Carbonate Equivalent (LCE), at a grade of 174 mg/L lithium, a 17% increase from the previous total resource of 1.63 million tonnes of LCE
  • 0.84 million tonnes of LCE is in the Measured + Indicated category at a grade of 178 mg/L lithium
  • The additional licences were acquired to meet the Government’s licence area requirement for entering the streamlined process for a Special Lithium Operating Contract (CEOL)
  • The Chilean government is finalising the indigenous community consultations for Laguna Verde and it is expected that the streamlined process will be announced shortly afterwards
  • The JORC (2012) compliant estimate was calculated by Montgomery & Associates (‘Montgomery´’ or ‘M&A’), a leading hydrogeological consultant highly experienced in lithium brine resource estimation
  • The resource estimate is based on three years of annual exploration programmes completed by CTL from 2022 – 2024 including drill progammes, pump test programmes and geophysics surveys
  • Montgomery recommends three additional drillholes in the southwest, north and northeast to potentially increase the resource

Ignacio Mehech, Chief Executive Officer, CleanTech Lithium said: ‘The updated JORC-compliant resource estimate for the Laguna Verde project, independently determined by Montgomery & Associates, confirms a robust and significant resource of 1.9 million tonnes of Lithium Carbonate Equivalent (LCE) at an average grade of 174 mg/l lithium, with 0.84 million tonnes in the Measured and Indicated category. The resource estimate is an important element of the project´s Pre-Feasibility Study which is advancing to completion. This positions Laguna Verde as a leading direct lithium extraction (DLE) based project in Chile’s lithium sector and as a future producer for the global EV and battery market.’

Further Details:

Background to Updated Resource Estimate

The previous total resource estimate declared for Laguna Verde of 1.63 million tonnes LCE was based on the CEOL polygon proposed by the Company. Of this total resource estimate, 1.21 million tonnes LCE was based on the Company´s preferential licence area within that polygon, and 0.42 million tonnes LCE was classified as provisional based on the total proposed CEOL area. In August 2025 the Company acquired an additional 30 licences from Minergy Chile SpA, with the primary objective of increasing the preferential licence position within the Government defined CEOL polygon as shown Figures 1 and 2. The acquisition increased the Company´s preferential licence position within the Government’s defined polygon to 97.6% of the area, exceeding a threshold of 80% required by the Government for consideration to enter a streamlined CEOL process for Laguna Verde. The updated resource estimate of 1.9 million tonnes LCE is based on the enlarged preferential licence area in Figure 2.

Fig 1: Previous Preferential Licence Extent & Govt. CEOL Polygon

Fig. 2: Post Acquisition Preferential Licence Extent

The resource estimate is based on annual exploration programmes completed by the Company between 2022 – 2024, in which rotary and diamond drill programmes were completed as shown in Figure 3. Additional observation wells were drilled to support observations during pump tests. Three additional diamond drillholes in the southwest, north, and northeast are recommended to potentially further expand the resource volume (LV08, LV09, and LV10).

Fig 3: Existing and Recommended Exploration Wells at Laguna Verde

Resource Summary

The technical report has been prepared by Montgomery to conform to the regulatory requirements of the JORC Code (2012). Mineral Resources are also reported in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Best Practice Guidelines (CIM, 2012). The breakdown of the resource categories comprising the total resource is provided in Table 1 below.

Mineral resources are not mineral reserves and do not have demonstrated economic viability. Furthermore, not all mineral resources can be converted into mineral reserves after application of the modifying factors, which include but are not limited to mining, processing, economic, and environmental factors.

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