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MIKE PENCE: No place for antisemitism in America today, tomorrow or ever

The conservative movement has found itself in a season of confusion in recent weeks. Former friends quarrel, familiar institutions are in turmoil, and some voices, both new and old, on the right have begun to wonder aloud whether the United States should still stand with Israel. 

That question deserves a resolute answer, and the answer is this: for our security, for democracy in the Middle East and for the very destiny of our nation, America must stand with Israel.

Americans should always be open to debate how we spend our money abroad and whether our foreign policy truly serves national interest. The rising generation in particular demands rigorous answers beyond empty platitudes.  

But lately, it seems that something deeper, something darker, has driven those questions. After decades of conflict in the Middle East, some are tempted to embrace isolationism, to treat moral clarity as naïveté, and to spurn our allies as unwanted burdens under the strain of massive national debt. For others, it is nothing more than antisemitism.  

The acceptance of antisemitic voices on the left and the right, from the halls of Congress to social media, represents a vile and dangerous trend in American politics, and it must be forcefully opposed wherever it appears. There is no place in the conservative movement for antisemitism.

 

For nearly 80 years, the bond between the United States and Israel has been more than a diplomatic arrangement. It has been a covenant of free peoples who share the same ideals: faith in God, belief in human dignity and gratitude for the blessings of liberty. Israel’s survival has never depended on our charity; it has depended on our partnership, and that partnership has made America safer and paid dividends. 

Centuries before the founding of modern Israel, our Founding Fathers championed the return of the Jewish people to Israel and made special provision for the Jewish faith in America. George Washington assured Jewish Americans that the fledgling United States ‘gives to bigotry no sanction, to persecution no assistance.’ John Adams supported ‘the Jews again in Judea’ as ‘an independent nation.’ Elias Boudinot, the president of the American Revolution’s Congress, boldly suggested that ‘God has raised up these United States… for the very purpose of… bringing his beloved people to their own land.’ Even the famously thrifty Benjamin Franklin once opened his coffers to help a local Philadelphia synagogue weather financial difficulty.  

But the case for Israel is far more than historic.

 

Today, Israel stands as an oasis of democracy in a Middle East where dozens of its neighbors are Islamic states or still practice monarchy. It is a cruel irony that, in a world of 46 majority-Muslim nations, the presence of a single majority-Jewish nation is seen by many of Israel’s neighbors as one too many. Thirty-one countries still refuse to recognize Israel on their maps. Some of those would love nothing less than to see Israel wiped off the map altogether. And yet Israel persists.  

Thanks to Israel’s courage and the decisive strike on Iran’s nuclear facilities by the United States, we no longer live under a nuclear sword of Damocles wielded by a regime that chants ‘Death to America.’ From the Stuxnet cyber operation that crippled Iran’s enrichment program, to Israel’s assistance with U.S. airstrikes, and to many heroic covert operations, Israel has repeatedly helped delay Tehran’s progress toward obtaining nuclear weapons. Those actions protected not only Jerusalem and Tel Aviv – they protected Washington, New York and every American city within reach of Iran’s hatred. 

That may not matter much to a segment of the New Right that confuses isolation for safety. But the rest of us know better. We understand what it would mean if the world’s leading state sponsor of terrorism ever possessed nuclear weapons.  When Israel takes the fight to Iran’s terror network proxies like Hezbollah, Hamas and the Revolutionary Guard, it is not merely doing our bidding; it is doing what conscience and common sense require. It stands between civilization and chaos. Israel’s cause is our cause.  

When Israel succeeds, as it did in 2024 by decapitating Hezbollah’s leadership in a precision pager-bombing campaign, America is safer. The practical case for our alliance is clear.

Centuries before the founding of modern Israel, our Founding Fathers championed the return of the Jewish people to Israel and made special provision for the Jewish faith in America.

But the heart of American support is still a matter of shared values and faith. We stand with Israel because we believe in right over wrong, in good over evil, and in liberty over tyranny. Israel must be empowered to finish the fight against those who would harm her, terrorists who hide behind women, children, hospitals and holy places as they launch rockets indiscriminately into Israel. Peace and justice, within Gaza and without, require that Hamas be destroyed. 

In the end, Americans have always supported Israel because the very existence of this enduring nation bears witness to God’s faithfulness. And the support of millions of Americans throughout the generations has been built upon the ancient words recorded in Genesis where God promises to ‘bless those who bless you, and whoever curses you I will curse, and all peoples on earth will be blessed through you.’

For 250 years, America has been blessed like no other country in history. As we prepare to celebrate our blessings as a nation, I believe we must never forsake that promise or our cherished ally. If the world knows nothing else, let the world know this: America stands with Israel. 

This post appeared first on FOX NEWS

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Israel-Hezbollah border tensions rise as terror group rearms, resists US- backed ceasefire

The Iran-backed Lebanese terrorist movement Hezbollah is rebuilding its military arsenal on Israel’s northern border, as experts warn that another war between the two sides could be on the horizon. The latest developments come a year after the U.S. helped broker a ceasefire between the parties.

On Wednesday, IDF spokesman Nadav Shoshani, said Hezbollah had engaged ‘in a blatant violation of the ceasefire agreement.’ Shoshani also released a video showing the rearming, claiming the terror group was ‘operating to reestablish its assets in the village of Beit Lif.’ 

Critics argue that the U.N. peacekeeping force, UNIFIL, is not fulfilling its mandate to disarm the terror group and the Lebanese Armed Forces are moving too slowly, which has led to continued Israeli actions against the terrorists. The IDF has been launching near-daily strikes against the group’s infrastructure and operatives inside Lebanon. 

Sarit Zehavi, a leading Israeli security expert on Hezbollah from the Israel Alma Research and Education Center, told Fox News Digital that Hezbollah does not currently ‘have the capability to carry out an October invasion. They had it prior to Oct. 7, 2023. They can send in a few terrorists. I want to believe it will take a few years to get those capabilities back.’

Fox News Digital exclusively reported last year on Hezbollah’s war plan to invade northern Israel and carry out a scorched-earth campaign against the Jewish state.

A day after the Iran-backed Hamas invaded Israel on Oct. 7, 2023, and massacred over 1,200 people, Hezbollah launched missile attacks against Israel.

Zehavi said, ‘Both the IDF and Hezbollah are very active. The IDF is very active to stop the rehabilitation of Hezbollah and Hezbollah is very active in rebuilding. Hezbollah learned lessons. It has been more problematic to smuggle weapons to Lebanon from Syria. It is happening. But the Syrians intercepted weapons.’

She noted that the ‘Syrian regime is willing to fight Hezbollah to fight weapons smuggling. Hezbollah is relying more on manufacturing rockets.’

Zehavi, who lives in northern Israel, said that ‘almost half of Israeli attacks on Hezbollah are south of the Litani river. We see a lot of investment from Hezbollah in drones, short-range rockets, mortars and anti-tank missiles.’

On Tuesday in Germany, prosecutors started a trial against an alleged Hezbollah member running ‘an extensive drone program for some time.’

The German Federal Prosecutor’s Office said the suspected Hezbollah operative Fadel Z joined Hezbollah more than 10 years ago and worked as a ‘foreign operator’ for the group’s drone program in 2022 in Spain and Germany.

Zehavi said it suffered a defeat of its leadership via the Mossad pager attack on its commanders. However, she added, ‘Iran immediately provided oxygen to Hezbollah for treatment to help revive Hezbollah.’

She outlined Israel’s main defense strategy against Hezbollah. First, the IDF has positions in Syria and Lebanon. ‘We cannot have civilians on the front line. The IDF is on top of hills in Israel and Lebanon and can see everything and can respond quickly to terrorist activities. This means when an Israeli woman opens her window and used to see a Hezbollah flag, she now sees an Israeli flag. This gives her a sense of security. This was not present before Oct. 7.

She estimates Hezbollah has 50,000 terrorists and 50,000 reservists. ‘We killed a few thousand terrorists.’

The IDF made dramatic advances in eradicating Hezbollah’s missile arsenal. ‘We degraded 80%’ of the rockets, Zehavi said, noting the elimination of sizable numbers of Hezbollah’s long-range and highly accurate missiles.

Edy Cohen, a Lebanese-born Israeli scholar of Hezbollah, said, ‘There is no lack of arms for Hezbollah in Beirut and Lebanon. Lately, we saw many reports that Hezbollah received arms from Syria and Iran is trying to send arms by civilian Iranian airplanes.’

He said there is enormous pressure on Hezbollah and every week Israel is killing Hezbollah operative. The Shiite community in Lebanon wants Hezbollah to retaliate against Israel, said Cohen, adding, ‘For the Shiite community Hezbollah is the state.’

Cohen said the IDF is gathering intelligence information about Hezbollah’s arsenal and attacking almost every day its leaders and operatives.

He warned that because ‘Hezbollah said it will not disarm its militia … the big war will come.’

Fox News Digital reported in early November that Trump’s U.S. Ambassador to Turkey, Thomas Barrack, who also serves as envoy to Syria, said that Lebanon is a ‘failed state,’ because of its ‘paralyzed government.’

He also noted that Hezbollah retains 40,000 fighters and between 15,000 and 20,000 rockets and missiles, noting the terror group pays its militia $2,200 per month, whereas the Lebanese Armed Forces soldiers earn $275 a month and have inferior equipment as well.

This post appeared first on FOX NEWS

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Skyharbour Engages Emerging Markets Consulting LLC for Marketing Contract

Skyharbour Resources Ltd. (TSX-V: SYH ) (OTCQX: SYHBF ) (Frankfurt: SC1P ) (‘Skyharbour’, ‘SYH’ or the ‘Company’) is pleased to announce that it has engaged Emerging Markets Consulting, LLC (‘EMC’), for a 12-month marketing and investor awareness campaign, commencing on November 20 th 2025, for a upfront, non-refundable fee of USD $200,000. Pursuant to an agreement dated November 20 th 2025, EMC will assist the Company with the design, development, and dissemination of approved corporate information, as well as general investor outreach activities conducted through its internal marketing channels and broker-focused networks. Services under the agreement may include electronic media and webcast support, drafting or assembling approved corporate materials, distribution through EMC’s email databases, and communications with brokers and institutions selected by EMC. The engagement of Emerging Markets Consulting remains subject to the approval of the TSX Venture Exchange. EMC is an arm’s length party to the Company and to the Company’s knowledge EMC does not currently own any securities of the Company as of the date hereof. There are no performance factors contained in the agreement between EMC and the Company and EMC nor will any of its affiliates receive any shares or options from the Company as compensation for services under the agreement.

About Emerging Markets Consulting LLC:

Based in Orlando, Florida, Emerging Markets Consulting, LLC (EMC) brings multiple decades of combined experience in the investor relations industry. EMC is an international investor relations firm with affiliates around the world. EMC is relationship-driven and results-oriented with the goal of seeking attractive emerging companies and concentrating its resources and efforts to serve a limited number of high-quality clients. EMC is a syndicate of investor relations consultants consisting of stockbrokers, investment bankers, fund managers and institutions that actively seek opportunities in the microcap and small-cap equity markets. For more information, visit EMC’s website at https://emergingmarketsconsulting.com/ .

About Skyharbour Resources Ltd.:

Skyharbour holds an extensive portfolio of uranium exploration projects in Canada’s Athabasca Basin and is well positioned to benefit from improving uranium market fundamentals with interest in thirty-seven projects covering over 616,000 hectares (over 1.5 million acres) of land. Skyharbour has acquired from Denison Mines, a large strategic shareholder of the Company, a 100% interest in the Moore Uranium Project, which is located 15 kilometres east of Denison’s Wheeler River project and 39 kilometres south of Cameco’s McArthur River uranium mine. Moore is an advanced-stage uranium exploration property with high-grade uranium mineralization in several zones at the Maverick Corridor. Adjacent to the Moore Project is the Russell Lake Uranium Project, which hosts widespread uranium mineralization in drill intercepts over a large property area with exploration upside potential. The Company is actively advancing these projects through exploration and drilling programs.

Skyharbour also has joint ventures with industry leaders Denison Mines, Orano Canada Inc., Azincourt Energy, and Thunderbird Resources at the Russell, Preston, East Preston, and Hook Lake Projects, respectively. The Company also has several active earn-in option partners, including CSE-listed Basin Uranium Corp. at the Mann Lake Uranium Project; TSX-V listed North Shore Uranium at the Falcon Project; UraEx Resources at the South Dufferin and Bolt Projects; Hatchet Uranium at the Highway Project; CSE-listed Mustang Energy at the 914W Project; and TSX-V listed Terra Clean Energy at the South Falcon East Project.

In aggregate, Skyharbour has now signed earn-in option agreements with partners that total to potentially over $76 million in partner-funded exploration expenditures and over $42 million in cash and share payments coming into Skyharbour, assuming that these partner companies complete their entire earn-ins at the respective projects.

Skyharbour’s goal is to maximize shareholder value through new mineral discoveries, committed long-term partnerships, and the advancement of exploration projects in geopolitically favourable jurisdictions.

Skyharbour’s Uranium Project Map in the Athabasca Basin:
http://www.skyharbourltd.com/_resources/images/SKY-SaskProject-Locator-2025-11-14-Updated.jpg

To find out more about Skyharbour Resources Ltd. (TSX-V: SYH) visit the Company’s website at www.skyharbourltd.com .

Skyharbour Resources Ltd.

‘Jordan Trimble’

Jordan Trimble
President and CEO

For further information contact myself or:
Nicholas Coltura
Corporate Communications Manager
Skyharbour Resources Ltd.
Telephone: 604-558-5847
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: info@skyharbourltd.com

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

This release includes certain statements that may be deemed to be ‘forward-looking statements’. All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements, including receipt of TSXV approval to the agreement with EMC. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, exploration and development successes, regulatory approvals including TSXV approval, and general economic, market or business conditions. Please see the public filings of the Company at www.sedarplus.ca for further information.

News Provided by GlobeNewswire via QuoteMedia

This post appeared first on investingnews.com

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Heliostar Presents Third Quarter 2025 Financial Results

Q3 2025 Quarter Highlights

  • Record Q3 2025 production of 9,165 Gold Equivalent Ounces (GEOs)
  • Q3 2025 sales of 7,709 GEOs
  • Q3 Operating income of US$14.2M; Net Income of US$1.3M after US$6.4M of Exploration costs
  • Consolidated cash costs of $1,500 per GEO sold and consolidated all-in sustaining costs (‘AISC’) of $1,825 for Q3 2025
  • US$34.6M in cash, 1,688 unsold gold ounces, working capital of US$46.7M and no debt
  • The Company is on track to achieve its annual production guidance of 31,000 to 41,000 GEOs, annual cash cost of $1,800-1,900 per GEO sold and AISC of $1,950-2,100 per GEO sold for 2025

Heliostar Metals Ltd. (TSXV: HSTR,OTC:HSTXF) (OTCQX: HSTXF) (FSE: RGG1) (‘Heliostar’ or the ‘Company’) today reported unaudited financial results for the three months ended September 30, 2025 (‘Q3 2025’), which corresponds to the second quarter of Heliostar’s fiscal reporting year 2025. Results are presented in US dollars, unless stated.

Heliostar CEO, Charles Funk, commented, ‘In Q3, Heliostar continued to generate strong cash flow from our operating mines. We grew production and strengthened our capital position while significantly reinvesting across the portfolio. In Q3, this included significant drill programs at Ana Paula and La Colorada, economic studies for La Colorada and Ana Paula as well as permissions and preparations to restart mining at San Agustin. Our strong cash balance has allowed us to internally fund this restart. This gives us a clear path to generate cash flow from operations which will fund the ongoing development of Ana Paula with little-to-no equity dilution.’

‘Our recently released PEA for Ana Paula shows that the additional 101,000 ounces per year of production at an all-in sustaining cost of just $1,011/oz will be a significant cash flow generator for Heliostar, supporting growth through the next decade. The cash generated by being a producer in the current gold price environment affords us opportunities to accelerate our plan to become a mid-tier producer with 500,000 ounces per year before the end of the decade.’

Third Quarter 2025 Quarterly Conference Call

Heliostar will host a quarterly conference call on Monday, November 24, 2025, at 2:00 PM, Eastern Time/11:00 AM Pacific Time. The call will provide a corporate update following the release of our financial and operating results for the third quarter of 2025.

Please use the link here to register for the call or visit the Company website at www.heliostarmetals.com.

Q3 2025 Operational and Financial Highlights

Total gold production of 9,165 gold equivalent ounces (‘GEO’) (8,949 gold ounces) in Q3 2025. Gold production was realized from mining the Junkyard Stockpile at the La Colorada mine, as well as re-leaching the previously stacked ore at the La Colorada and the San Agustin mines. Production year-to-date January – September 2025 (‘YTD’) remains on track to achieve the lower half of the 2025 guidance issued by the Company on February 4, 2025, of 31,000-41,000 GEOs.

Total Cash Cost of $1,500 per GEO produced in Q3 2025. The combined YTD cash cost (see ‘Non-IFRS Measures’) is $1,405 per GEO.

Total AISC of $1,825 per GEO sold in Q3 2025. The increase from Q2 reflects a change in calculation methodology to include corporate General and Administrative (‘G&A’) and stock based compensation costs, expensed exploration incurred in the period, and remove previously-included by-product credits. The higher AISC is also a function of fewer GEOs sold in the period compared to Q2 2025. The consolidated YTD AISC (see ‘Non-IFRS Measures) is $1,799 per GEO sold.

Total Cash Costs and AISC are below the 2025 guidance range due to higher production relative to the budget. The Company anticipates materially higher costs in Q4 due to one-off sustainable capital investment incurred to restart mining from the Corner Area. These expenses are anticipated to return to lower rates in early 2026 at San Agustin.

Mine Operating Earnings of $14.2 million in Q3 2025. The Company continued to report strong results in Q3 2025 with steady operating unit costs and operating margin benefiting from selling into a rising gold market. Mine operating earnings YTD 2025 are $40 million.

Net income attributable to shareholders of $1.3 million, or $0.01 per share, for Q3 2025. Net income of $1.3 million ($0.01 per share) for Q3 2025 compared to a net income attributable to shareholders of $1.9 million ($0.01 per share) for Q2 2025. This was due to the increased exploration expense as drilling activities at Ana Paula ramped up and lower GEO sales volume in the quarter.

Strengthened financial position and liquidity: On September 30, 2025, the Company had cash of $34.6 million and working capital (defined as current assets less current liabilities) of $46.7 million. The cash position decreased compared to Q2 due to the increase in exploration spending. As of September 30, 2025, the Company had 1,688 unsold ounces (worth approx. $6.9M at current spot gold prices) and no debt.

Maintained stable production at La Colorada mine. The mining of new ore restarted at the Junkyard Stockpile in January 2025. Production from the Junkyard Stockpile was steady during Q3 2025, with operating costs as expected, grade in line with the reserve model and ore tonnes reconciling slightly higher than expected. Production YTD 2025 was 13,328 GEOs (12,883 gold ounces). Ore feed from the Junkyard Stockpile is planned to continue into 2026, with other historical stockpiles identified to provide additional material to be crushed and stacked on the leach pad thereafter. Further, subject to receiving certain land access approvals, the Company intends to expand the Veta Madre pit to exploit its 43k ounces of gold reserves. In addition, drilling is ongoing at Veta Madre Plus with the aim of adding this additional Indicated material into a near-term mine plan in short order.

Restart of mining at San Agustin. Preparation work to commence mining is underway at San Agustin from the Corner area following the receipt of all necessary approvals to restart mining in Q3. The Company anticipates stacking first ore in December with production from the Corner starting near year end and continuing into 2027. Recoverable reserves at the Corner are estimated at 44.5k ounces of gold.

Strong economics and continued drilling success at Ana Paula drive additional investment. On November 6, 2025, the Company announced the results of a Preliminary Economic Study (PEA) for Ana Paula. These showed attractive economics at a conservative gold price driven by production of 101koz/yr after ramp up at an average all-in sustaining cost of $1,011/oz. On the back of this positive outcome, the Company has announced its intention to complete the underground decline access to the deposit in 2026. Technical and regulatory programs are being advanced in parallel and will continue through 2026 to complete a bankable feasibility study in early 2027.

Preparation of updated technical reports. The Company announced the results of an updated technical report for the La Colorada Mine on October 17, 2025, and is concluding an updated prefeasibility study (‘PFS’) for the Cerro del Gallo Project. The Company plans to release the results of the Cerro del Gallo PFS in Q4 2025 and continues to advance the Ana Paula Project feasibility study.

Operational and Financial Results

Results are reported for the three months ended September 30, 2025, which corresponds to the second quarter of Heliostar’s fiscal reporting year 2026.

A summary of the Company’s consolidated operational and financial results for the reporting period is presented below:

Key Performance Metrics Q3 2025 Q3 2024
Operational
Gold produced 8,949 0
Gold equivalent ounces (‘GEOs’) produced 9,165 0
Gold sold 7,552 0
Gold equivalent ounces (‘GEOs’) sold 7,709 0
Cash cost1 per GEOs sold $1,500 0
All-in sustaining costs1 (‘AISC’) per GEOs sold $1,825 0
Financial (in ‘000s)
Revenues $26,765 0
Mine operating earnings $14,243 0
Exploration expenses $6,411 $1,865
Net income (loss) $1,256 ($3,770)
Cash $34,576 $720
Total assets $129,881 $21,273
Working Capital $46,700 ($4,393)

 

  1. Non-IFRS measure. Refer to the ‘Non-IFRS Measures’ section of this news release.

Operational Review

Consolidated Production and Costs

Q3 2025 was the Company’s fourth reporting period with metals production. The Company had no production in Q3 2024.

Production of 9,165 GEOs (8,949 gold ounces) for Q3 2025 was reported from the La Colorada mine and the San Agustin mine. In late Q2, the El Castillo mine ceased production and reclamation commenced at the start of Q3. The combined YTD 2025 production of 25,642 GEOs (24,988 gold ounces) is consistent with the 2025 guidance issued by the Company. Heliostar is on track to achieve the lower half of the 2025 production guidance of 31,000-41,000 GEOs with the several week delay in being able to restart San Agustin pushing production from that asset into 2026.

The combined cash costs for the producing operations were $1,500 per GEO sold, and the consolidated AISC was $1,825 per GEO sold. The combined cash costs and AISC are currently in line with the 2025 guidance issued by the Company. Full-year results are expected to be within the guidance range of $1,800-$1,950/GEO for Cash Costs and $1,950-$2,100/GEO for AISC.

La Colorada Mine

Operating results for Q3 2025 were as follows:

La Colorada Q3 2025 YTD 2025
Gold produced oz 5,311 12,883
Gold equivalent ounces (‘GEOs’) produced GEO 5,479 13,328
Gold sold oz 4,122 10,865
Gold equivalent ounces (‘GEOs’) sold GEO 4,229 11,205
Cash cost1 $/GEO sold 1,592 1,354
All-in sustaining costs1 (‘AISC’) $/GEO sold 1,648 1,439

 

In January 2025, mining of new ore restarted at the Junkyard Stockpile by the Company, alongside re-leach activities of ore stacked by previous operators.

During the reporting period, the La Colorada mine produced 5,479 GEOs (5,311 gold ounces). Total revenues of $14.7 million were reported from sales of 4,229 GEOs. The increase in production compared to Q2 was driven by higher grades placed on the leach pad and the first full quarter of solution flow from the leach pad after restart of operations. Production from the leach pad has increased steadily throughout the year and continues to meet all expected parameters.

For the reporting period, cash costs were $1,592 per GEO ($1,354 per GEO YTD 2025). AISC was $1,648 per GEO ($1,439 per GEO YTD 2025), on track to be at the lower end or below 2025 AISC guidance of $1,850-$1,975/GEO.

The Company plans to continue mining of the Junkyard Stockpile through 2025 and into 2026, with other historical stockpiles identified to provide additional, continued feed to the crushers thereafter. Further, subject to receiving certain land access approvals, the Company intends to expand the Veta Madre pit to exploit 43k ounces of gold reserve, which will be timed sequentially with the ore feeds from the historical stockpiles. Drilling is ongoing to define the mineralization at Veta Madre Plus, with the aim of bringing it into the near-term mine plan in short order.

Subsequent to the reporting period, Heliostar released the results of an updated technical report for La Colorada showing and increased resource and a lower capital expenditure. This showed a mine with a six-year life producing 286k gold ounces at an AISC of $1,626 per GEO. This resulted in upside case economics of an NPV5% of $243.3M and an IRR of 168.4% at a $3,500/oz gold price. For more details, see the press release here.

San Agustin Mine

Operating results for Q3 2025 were as follows:

San Agustin Q3 2025 YTD 2025
Gold produced oz 3,638 11,613
Gold equivalent ounces (‘GEOs’) produced GEO 3,686 11,815
Gold sold oz 3,430 12,182
Gold equivalent ounces (‘GEOs’) sold GEO 3,480 12,373
Cash cost1 $/GEO sold $ 1,389 1,437
All-in sustaining costs1 (‘AISC’) $/GEO sold $ 1,587 1,546

 

In September 2024, the previous owners of San Agustin placed the mine under care and maintenance, with metals production continuing from the re-leaching of leach pads.

During the reporting period, the San Agustin mine produced 3,686 GEOs (3,638 gold ounces). Total revenues of $12.1 million were reported from sales of 3,480 GEOs. Re-leaching performance continued well above expectations in the quarter as a result of enhanced recovery initiatives conducted earlier in the year. Gold production through the first nine months of the year exceeded full-year 2025 guidance for re-leaching from the mine.

For the reporting period, cash costs were $1,389 per GEO ($1,437 per GEO YTD 2025). AISC was $1,587 per GEO ($1,546 per GEO YTD 2025), YTD on track to achieve full year AISC guidance of $1,700-$1,850/GEO.

During the quarter, the Company completed all regulatory requirements to enable the restart of mining at San Agustin from the Corner area (see News Release dated July 22, 2025). Work to commence mining of the Corner Area cut back was undertaken subsequently, including moving road access, a power line and contractor selection. First ore is on track to be stacked on the leach pad in the coming weeks. Initial gold production from this new material is expected to start near year end 2025 and continue into 2027. Recoverable reserves at the Corner are estimated at 44.5k ounces of gold.

Ana Paula Project

Development and Exploration expenditures at the flagship Ana Paula Project were $3.9 million in Q3 2025 ($1.8 million in Q3 2024).

During Q3 2025, the Company progressed its ongoing 15,000 metre drilling program at Ana Paula with the objective of delivering mineral reserves to support a 10-year life of mine in the Feasibility Study planned to be released in 1H 2027. On October 6, 2025, the Company announced results from the infill drill program (including 88.1m metres at 8.82 g/t) and the addition of a third rig. Subsequent to quarter end on November 18, 2025, the Company announced additional infill results of 83.2m of 17.4 g/t and 70.7m of 9.38 g/t. The drill program continues to successfully define wide zones of high grade mineralization.

Subsequent to the reporting period, Heliostar released the results of a Preliminary Economic Study (PEA) for Ana Paula showing strong economics at a conservative gold price. This showed a mine with a nine year life producing 101koz/yr after ramp up at an AISC of $1,011/oz. This resulted in upside case economics of an NPV5% of $1,012M, an IRR of 51.3% and average annual after-tax free cash flow of $168M at a $3,800/oz gold price. For more details, see the press release here.

Cerro del Gallo Project

During Q3 2025, the Company conducted advanced study work towards releasing a prefeasibility study for the Cerro del Gallo project based on information collected by previous owners. This work includes updated resources and reserves based on an updated gold price as well as better definition of transition material and an optimized mining and stacking plan. The results of this study are planned to be released in the coming weeks. All major environmental and other permits will need to be obtained before an investment decision can be considered by the Company.

Funding Overview

In the three months ended September 30, 2025, 5,916,250 warrants and 766,250 stock options were exercised for total proceeds of $1.5 million and 1,299,579 RSUs were converted.

As of September 30, 2025, the Company had no debt.

Change of Year End

The Company has changed its financial year-end from March 31 of each year to December 31 of each year. The next financial year-end of the Company will occur on December 31, 2025, for the nine months then ended.

Non-IFRS Measures. This news release refers to certain financial measures, such as all-in-sustaining costs, which are not measures recognized under IFRS and do not have a standardized meaning prescribed by IFRS. These measures may differ from those made by other companies and, accordingly, may not be comparable to such measures as reported by other companies. These measures have been derived from the Company’s financial statements because the Company believes that they are of assistance in understanding the results of operations and its financial position. Certain additional disclosures for these specified financial measures have been incorporated by reference and can be found in the Company’s MD&A for Q3 2025, available on SEDAR+.

Cash costs. The Company uses cash costs per gold equivalent ounce sold to monitor its operating performance internally. The most directly comparable measure prepared in accordance with IFRS is cost of sales. The Company believes this measure provides investors and analysts with useful information about its underlying cash costs of operations. The Company also believes it is a relevant metric used to understand its operating profitability and ability to generate cash flow. Cash costs are measures developed by metals companies in an effort to provide a comparable standard; however, there can be no assurance that the Company’s reporting of these non-GAAP financial measures are similar to those reported by other mining companies. They are widely reported in the metals mining industry as a benchmark for performance, but do not have a standardized meaning and are disclosed in addition to IFRS measures. Cash costs include production costs, refinery and transportation costs and extraordinary mining duty. Cash costs exclude non-cash depreciation and depletion and site share-based compensation. Production costs include mining, crushing, processing, and direct overhead at the operation sites.

AISC. AISC more fully defines the total costs associated with producing precious metals. The AISC is calculated based on guidelines published by the World Gold Council (WGC), which were first issued in 2013. In light of new accounting standards and to support further consistency of application, the WGC published an updated Guidance Note in 2018. Other companies may calculate this measure differently because of differences in underlying principles and policies applied. Differences may also arise due to a different definition of sustaining versus growth capital. Note that in respect of AISC metrics within the technical reports, because such economics are disclosed at the project level, corporate general and administrative expenses were not included in the AISC calculations. AISC per GEO includes mining, processing, direct overhead, reclamation and sustaining capital.

Statement of Qualified Persons

Gregg Bush, P.Eng., Mike Gingles, and Stewart Harris, P. Geo., Qualified Persons, as such term is defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects, have reviewed the scientific and technical information that forms the basis for this news release and have approved the disclosure herein. Mr. Bush is employed as Chief Operating Officer of the Company, Mr. Gingles is employed as Vice President of Corporate Development, and Mr. Harris is employed as Exploration Manager.

About Heliostar Metals Ltd.

Heliostar aims to grow to become a mid-tier gold producer. The Company is focused on increasing production and developing new resources at the La Colorada and San Agustin mines in Mexico, and on developing the 100% owned Ana Paula Project in Guerrero, Mexico.

FOR ADDITIONAL INFORMATION, PLEASE CONTACT:

Charles Funk
President and Chief Executive Officer
Heliostar Metals Limited
Email: charles.funk@heliostarmetals.com
Phone: +1 844-753-0045		 Rob Grey
Investor Relations Manager
Heliostar Metals Limited
Email: rob.grey@heliostarmetals.com
Phone: +1 844-753-0045

 

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

Cautionary Statement Regarding Forward-Looking Information
This news release includes certain ‘Forward-Looking Statements’ within the meaning of the United States Private Securities Litigation Reform Act of 1995 and ‘forward-looking information’ under applicable Canadian securities laws. When used in this news release, the words ‘anticipate’, ‘believe’, ‘estimate’, ‘expect’, ‘target’, ‘plan’, ‘forecast’, ‘may’, ‘would’, ‘could’, ‘schedule’ and similar words or expressions, identify forward-looking statements or information. These forward-looking statements or information relate to, among other things: the Company’s goal of becoming a mid-tier producer, the mine performance, production plans and the free cashflow generation from our operating mines, all profits generated from operations to be reinvested directly into our Companies growth and this reinvestment will focus on expanding production and growing resources across our portfolio.

Forward-looking statements and forward-looking information relating to the terms and completion of the Facility, any future mineral production, liquidity, and future exploration plans are based on management’s reasonable assumptions, estimates, expectations, analyses and opinions, which are based on management’s experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect. Assumptions have been made regarding, among other things, the receipt of necessary approvals, price of metals; no escalation in the severity of public health crises or ongoing military conflicts; costs of exploration and development; the estimated costs of development of exploration projects; and the Company’s ability to operate in a safe and effective manner and its ability to obtain financing on reasonable terms.

These statements reflect the Company’s respective current views with respect to future events and are necessarily based upon a number of other assumptions and estimates that, while considered reasonable by management, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements or forward-looking information and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: precious metals price volatility; risks associated with the conduct of the Company’s mining activities in foreign jurisdictions; regulatory, consent or permitting delays; risks relating to reliance on the Company’s management team and outside contractors; risks regarding exploration and mining activities; the Company’s inability to obtain insurance to cover all risks, on a commercially reasonable basis or at all; currency fluctuations; risks regarding the failure to generate sufficient cash flow from operations; risks relating to project financing and equity issuances; risks and unknowns inherent in all mining projects, including the inaccuracy of reserves and resources, metallurgical recoveries and capital and operating costs of such projects; contests over title to properties, particularly title to undeveloped properties; laws and regulations governing the environment, health and safety; the ability of the communities in which the Company operates to manage and cope with the implications of public health crises; the economic and financial implications of public health crises, ongoing military conflicts and general economic factors to the Company; operating or technical difficulties in connection with mining or development activities; employee relations, labour unrest or unavailability; the Company’s interactions with surrounding communities; the Company’s ability to successfully integrate acquired assets; the speculative nature of exploration and development, including the risks of diminishing quantities or grades of reserves; stock market volatility; conflicts of interest among certain directors and officers; lack of liquidity for shareholders of the Company; litigation risk; and the factors identified under the caption ‘Risk Factors’ in the Company’s public disclosure documents. Readers are cautioned against attributing undue certainty to forward-looking statements or forward-looking information. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or forward-looking information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements or information, other than as required by applicable law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/275395

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Anteros Metals Inc. Announces Closing of Final Tranche of Private Placement

Anteros Metals Inc. (CSE: ANT) (‘Anteros’ or the ‘Company’) announces that, further to its press releases dated October 7, 2025, and October 31, 2025, it has closed the final tranche of its non-brokered private placement through the issuance of 2,196,153 flow-through units (each, an ‘FT Unit’) at a price of $0.065 per FT Unit, and 1,300,000 hard dollar units (each, a ‘Unit’) at a price of $0.05 per Unit, for aggregate gross proceeds of $207,749.95 (the ‘Offering’).

Each FT Unit was comprised of one common share, issued on a flow-through basis (‘FT Share‘) and one-half of one whole common share purchase warrant, issued on a non-flow-through basis (each whole warrant, a ‘Warrant‘). Each Warrant shall entitle the holder thereof to acquire one common share in the capital of the Company (each, a ‘Common Share‘) at a price of $0.10 per Common Share for a period of two (2) years from date of issuance. The FT Shares will qualify as ‘flow-through shares’ within the meaning of subsection 66(15) of the Income Tax Act (Canada), which also qualify for the Canadian government’s Critical Mineral Exploration Tax Credit. Each Unit was comprised of one Common Share and one-half of one whole Warrant.

Gross proceeds raised from the Offering will be used for working capital and general corporate purposes. All securities issued pursuant to the Offering are subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation.

In connection with the first and second tranches, the Company: (i) paid aggregate cash commissions of $16,042.50; and (ii) issued an aggregate of 228,308 finder’s warrants (each, a ‘Finder’s Warrant‘) to certain finders (the ‘Finders‘). Each Finder’s Warrant is exercisable to purchase one additional common share (each, a ‘Finder’s Share‘) at a price of $0.10 per Finder’s Share for a period of two (2) years from the date of issuance.

This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the ‘U.S. Securities Act’) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons as defined under applicable United States securities laws unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

ABOUT Anteros Metals Inc.

Anteros Metals Inc. is a Canadian exploration company focused on advancing a pipeline of critical minerals projects across Newfoundland and Labrador and select Canadian jurisdictions. The Company is targeting copper, nickel, zinc, and emerging strategic commodities that support the global energy transition. Immediate plans for their flagship Knob Lake Property include bringing the historical Fe-Mn Mineral Resource Estimate into current status as well as commencing baseline environmental and feasibility studies.

For further information please contact or visit:

Email: info@anterosmetals.com | Phone: +1-709-769-1151
Web: www.anterosmetals.com | Social: @anterosmetals
Web: https://www.thunderbayexecutives.com/rift-minerals-inc

On behalf of the Board of Directors,

Chris Morrison
Director

Email: chris@anterosmetals.com | Phone: +1-709-725-6520
Web: www.anterosmetals.com/contact

16 Forest Road, Suite 200, St. John’s, NL, Canada A1X 2B9

Cautionary Statement Regarding Forward-Looking Information

This news release may contain ‘forward-looking information’ and ‘forward-looking statements’ within the meaning of applicable Canadian securities legislation. All information contained herein that is not historical in nature may constitute forward-looking information. Forward-looking statements herein include but are not limited to statements relating to the prospects for development of the Company’s mineral properties, and are necessarily based upon a number of assumptions that, while considered reasonable by management, are inherently subject to business, market and economic risks, uncertainties and contingencies that may cause actual results, performance or achievements to be materially different from those expressed or implied by forward-looking statements. Except as required by law, the Company disclaims any obligation to update or revise any forward-looking statements. Readers are cautioned not to put undue reliance on these forward-looking statements.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/275398

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Crypto Market Update: Bitcoin Logs Weakest Month Since 2022

Here’s a quick recap of the crypto landscape for Friday (November 21) 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$83,590.70, down by 10.4 percent over 24 hours. Its lowest price of the day was US$81,868.75 and its highest was US$91,971.75.

Bitcoin price performance, November 21, 2025.

Chart via TradingView

Bitcoin’s slide continues as it heads for its worst month since the 2022 crypto crash.

The largest cryptocurrency fell and touched US$81,000 on Friday before recovering to around US$84,166, extending a monthly decline of about 23 percent that marks its heaviest drop since June 2022.

Despite pro-crypto messaging from the Trump administration and a year of strong institutional adoption, Bitcoin has now fallen more than 30 percent from its early-October record high. The downturn accelerated following the massive October 10 liquidation event that erased US$19 billion in leveraged positions and wiped roughly US$1.5 trillion from the combined value of all cryptocurrencies.

Institutional flows reflect the same caution. US-listed Bitcoin ETFs have recorded a record US$3.79 billion in outflows this month, surpassing February’s previous high, with BlackRock’s IBIT alone seeing more than US$2 billion in redemptions.

In total, about US$1.2 trillion has been wiped from crypto markets over the past six weeks, according to CoinGecko data.

Ether (ETH) was at US$2,736.63, down 11.2 percent over 24 hours. Its lowest price on Friday was US$2,675.70 and its highest was US$3,033.20.

Altcoin price update

  • XRP (XRP) was priced at US$1.94, down by 12.2 percent over 24 hours. Its lowest price of the period was US$1.86 and its highest was US$2.13.
  • Solana (SOL) was trading at US$128, down by 13 percent over 24 hours. Its lowest price of the day was US$123.30 and its highest was US$141.97.

Fear and Greed Index snapshot

Chart via CoinMarketCap.

As of Friday, CMC’s Crypto Fear & Greed Index has plunged to 11, firmly in “extreme fear” and its lowest level since late 2022.

Reports of large-scale whale liquidations have added to the uncertainty, amplifying pressure across an already fragile market. Further, traders brace for potential Federal Reserve inaction on rate cuts. CME’s FedWatch now shows only 37.6 percent expecting a 25-basis-point cut in December, while more than 62 percent anticipate no change, a reversal from near-even odds just a week ago.

Prediction market Polymarket reflects the same trend, pricing a 63 percent chance of no move after sentiment flipped late Tuesday.

Today’s crypto news to know

Bitcoin logs weakest month since 2022

Bitcoin is heading for its steepest monthly decline since the wave of corporate failures that hit the crypto sector in 2022, with the token sliding below US$82,000 on Friday.

Its November losses have now reached roughly 25 percent, reversing much of the momentum that carried prices to record highs in early October.

Overall, data from CoinGecko shows the total crypto market value dipping back under US$3 trillion as Ether and mid-cap tokens recorded similar double-digit declines.

Analysts link the downturn to cascading liquidations that began on October 10, when nearly US$19 billion in leveraged bets were wiped out in a single session. Selling pressure intensified again this week with a two-day liquidation tally topping US$2 billion, according to CoinGlass.

Long-dormant whale activity has added to uncertainty after a wallet holding Bitcoin since 2011 unloaded more than US$1.3 billion in late October.

S&P stocks shed US$2.7 Trillion

A sharp pullback across US equities sparked another wave of risk-off trading in crypto, sending Bitcoin to its weakest level in seven months.

The S&P 500’s nearly 4 percent decline on Thursday erased more than US$2.7 trillion in market value, according to Bloomberg calculations, overshadowing an earlier bounce driven by enthusiasm around AI-linked earnings.

Crypto assets fell in tandem, with Bitcoin briefly revisiting the US$85,000 range and total liquidations surpassing US$800 million for the day.

Coinbase rolls out ETH-backed loans

Coinbase has launched a new lending feature that allows eligible US users to borrow up to US$1 million in USDC by using Ether as collateral.

The product is integrated with the Morpho protocol on Base, though users interact with it entirely through Coinbase’s interface. Borrowers keep exposure to ETH’s price movements while accessing liquidity without having to sell their holdings.

The company says the service is available across most US states, with the exception of New York due to regulatory requirements.

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

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Stonegate Capital Partners Updates Coverage on Heliostar Metals Ltd2Q26

Heliostar Metals Ltd (TSXV: HSTR,OTC:HSTXF): Stonegate Capital Partners updates their coverage on Heliostar Metals Ltd (TSXV: HSTR,OTC:HSTXF). Heliostar continued to advance its flagship Ana Paula project in Guerrero as a high-grade underground development asset, now highlighted by a positive PEA released in early 4Q25. The study outlines total recovered production of ~875,000 ounces over a nine-year mine life, with mill feed averaging 5.37 gt gold and a 1,800 tpd underground operation producing roughly 101 koz per year at cash costs of ~US$923oz and AISC of ~US$1,011oz. At US$2,400oz gold, the PEA delivers a post-tax NPV5 of US$426M, a 28% IRR, and a 2.9-year payback, with strong leverage to higher gold prices. Management is progressing engineering, metallurgical work, and a 15,000m drill program to upgrade Inferred resources, extend the High-Grade and Parallel panels, and support a Feasibility Study targeted for mid-2026, with first underground production still expected in 2028.

To view the full announcement, including downloadable images, bios, and more, click here.

Key Takeaways:

  • PEA shows US$426M NPV5 28 percent IRR US$300M capex about 101 koz per year AISC ~US$1,011 and 2.9 year payback.
  • Quarter revenue was US$26.8M with net income US$1.3M supported by La Colorada and San Agustin operations.
  • Path forward targets a feasibility study by mid 2026 an underground permit amendment in 1Q26 and early works to enable 2028 production.

Click image above to view full announcement.

About Stonegate
Stonegate Capital Partners is a leading capital markets advisory firm providing investor relations, equity research, and institutional investor outreach services for public companies. Our affiliate, Stonegate Capital Markets (member FINRA) provides a full spectrum of investment banking services for public and private companies.

Contacts:

Stonegate Capital Partners
(214) 987-4121
info@stonegateinc.com

Source: Stonegate, Inc.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/275450

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What AI bubble? Nvidia’s strong earnings signal there’s more room to grow

U.S. stock markets were poised for lift off Thursday, after a strong earnings report from computer chip giant Nvidia signaled that there is still plenty of room to run in the artificial intelligence boom that has powered markets higher for much of the year.

Prior to the opening bell, bets on the S&P 500 were up about 1%, while the tech-heavy Nasdaq climbed 1.5%.

Late Wednesday, Nvidia said sales of its trademark Blackwell AI chips ‘are off the charts,’ while another set of key computer processing units is ‘sold out,” founder and CEO Jensen Huang said in a statement.

On a call with investors following the report, Huang dismissed concerns about an AI bubble.

“There’s been a lot of talk about an AI bubble. From our vantage point, we see something very different,” Huang said.

Dan Ives, managing director at Wedbush Securities finanical group, echoed that sentiment.

“This was a golden quarter for Nvidia with demand massive and well above Street whisper numbers,’ Ives said in an email. ‘These numbers validate the AI Revolution is still early days and send the bears back into hibernation mode.’

Shares of the world’s most valuable company were up more than 4% in after-hours trading.

Nvidia’s chips have been the catalysts for a massive build-out of data centers that have supplied a backbone to the U.S. economy amid slowdowns elsewhere. More money is flowing into building data centers than all other manufacturing facility types combined, according to the research group S&P Global.

Until recently, that spending has also powered major stock indexes to record highs.

Lately, however, stocks have shown signs of wobbling lately. The declines in share prices — led by tech companies — have sparked debates about whether AI-driven gains are beginning to slow.

This raises a bigger question: how the broader economy will perform if it no longer benefits from all the wealth the AI boom is creating.

Nvidia’s latest earnings are likely to allay these fears, for now at least.

Huang said last month that his company had $500 billion in orders for its chips, for 2025 and 2026 combined.

“This is how much business is on the books. Half a trillion dollars’ worth so far,” Huang said at a conference in Washington, D.C.

Alongside broader concerns about the state of the U.S. economy, stock market momentum has been tripped up by worries about circular dealing among AI’s biggest players. This means the same money is being passed back and forth between several companies — even as each company’s individual value climbs.

Nvidia is a fixture in the kinds of deals that are raising concerns. It recently announced a commitment alongside Microsoft to fund AI software provider Anthropic with $10 billion.

Nvidia CEO Jensen Huang during the Live Keynote Pregame of the Nvidia GPU Technology Conference in Washington on Oct. 28.Jim Watson / AFP – Getty Images file

This kind of big collaboration news would typically boost the stock prices of all the companies involved. But neither Nvidia’s nor Microsoft’s stock got a boost from the Anthropic announcement.

Analysts with Deutsche Bank said this is a sign of the ongoing investor wariness about deals like this.

“It goes to show how sentiment has turned more negative in the last few weeks, with the circular AI deals being treated with increasing caution as the conversation around a potential bubble has gathered pace,” they wrote in a note published Wednesday.

The Nvidia headquarters, in Santa Clara, Calif., on May 21, 2024.Justin Sullivan / Getty Images file

The question now is whether the latest market hiccups represent a temporary pullback, or the onset of a more permanent state of affairs.

For the experts who are cautiously optimistic that the market will continue to climb, Nvidia’s massive haul serves to validate their rosy outlook.

“We think the investment boom has room to run,” Goldman Sachs researchers wrote in a note published Wednesday, adding that the economy writ large has remained resilient, something that should provide ongoing support to stock returns.

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Blue states blasted for funneling millions in SNAP cash for fast-food meals

U.S. taxpayers are footing nearly $250 million a year in SNAP benefits spent on fast-food meals across just nine states, most of which are blue states, according to Republican Iowa Sen. Joni Ernst.

Nine states, including Arizona, California, Illinois, Maryland, Massachusetts, Michigan, New York, Rhode Island and Virginia — all of which are Democrat-run states except for Virginia — are opted into a SNAP program called the Restaurant Meals Program (RMP), which has spent nearly $250 million a year on hot meals, including fast-food, Ernst’s office found. 

The modern day Supplemental Nutrition Assistance Program was established in 1964 under the Food Stamps Act to provide basic food needs such as meats and fruits and vegetables to financially vulnerable Americans. Hot foods or foods ready for immediate consumption were not eligible for purchase under the program as its main mission was to provide staple foods to be prepared at home. 

A 1977 loophole, however, allowed states to opt into a program called the Restaurant Meals Program, which was established to allow homeless individuals who do not have a kitchen to purchase prepared meals using SNAP benefits, according to Ernst’s office. The eligibility for the program expanded in the following years to include disabled individuals, the elderly and their spouses, according to the office. 

Nine states are opted into the program, which requires participating restaurants to sign an agreement with the state that is then authorized by the U.S. Department of Agriculture, which oversees the SNAP program writ large. Restaurants that participate in the program were historically a small group but have since expanded, most notably in California in the Biden era, Ernst’s office said. 

California expanded its program statewide, for example, in 2021 that allowed restaurants to accept CalFresh benefits via SNAP at a swath of top fast-food chains stretching from McDonald’s to Domino’s Pizza to Jack in the Box. 

Ernst’s office found that from June 2023 to May 2025, more than $475 million in taxpayer dollars funded Restaurant Meals Program meals at fast-food establishments. During that same time period, $524 million in taxpayer funds were spent through the Restaurant Meals Program overall, meaning California accounted for more than 90% of the nation’s total Restaurant Meals Program funds from June 2023 to May 2025, according to the office. 

‘The ‘N’ in SNAP stands for nutrition not nuggets with a side of fries,’ Ernst told Fox News Digital. ‘I wish I was McRibbing you but $250 million per year at the drive-through is no joke and a serious waste of tax dollars. I hate to be the one to say McSCUSE ME, but something needs to be done because taxpayers are not lovin’ it.’

The data found that between June 2023 and May 2025 $41.4 million funds went through Restaurant Meals Program in Arizona, $3.6 million in New York, $1.3 million in Michigan, $995,900 in Rhode Island, $649,000 in Massachusetts, $479,000 in Illinois, $308,500 in Virginia and $8,600 in Maryland. 

Ernst’s introduced legislation Thursday, dubbed the McSCUSE ME Act, to rein in the scope of the Restaurant Meals Program. Specifically, the bill would continue allowing homeless, elderly and disabled individuals to continue using the program, but ending spousal eligibility. 

The legislation also would reel in which vendors are able to participate in the program, specifically restricting fast-food vendors in favor of grocery stores that have hot bars to better ensure availability of healthy prepared food options. The legislation would also require states to produce public annual reports showing how many vendors participate in the Restaurant Meals Program, the number of participating beneficiaries and total costs for the program, Fox News Digital learned. 

The report and legislation comes after the U.S. government just emerged from the longest government shutdown in history, at 43 days, that included putting the food assistance program under heightened scrutiny over fraud and concern as recipients saw disruptions to their access. 

Upon the reopening of the government, the Trump administration is requiring all SNAP beneficiaries to reapply for the program in an effort to prevent fraud. 

Federal spending on SNAP overall climbed to record highs under the Biden administration, Fox News Digital previously reported, at $128 billion in 2021 and $127 billion in 2022 during the pandemic. By the Biden administration’s final year, SNAP cost $99.8 billion.

Fox News Digital’s Amanda Macias contributed to this report.

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Graham demands Democrats explain ‘refuse illegal orders’ message to troops

Sen. Lindsey Graham, R-S.C., is demanding specifics from a group of congressional Democrats who urged military service members to ‘refuse illegal orders.’

Graham sent letters to a cohort of congressional Democrats, all with backgrounds in the military or intelligence community, featured in a now-viral video where they urge service members to refuse illegal orders.

The six lawmakers featured in the video were Sens. Elissa Slotkin, D-Mich., and Mark Kelly, D-Ariz., along with Reps. Maggie Goodlander, D-N.H.; Jason Crow, D-Colo.; Chris Deluzio, D-Pa.; and Chrissy Houlahan, D-Pa.

They reiterated the lines, ‘You can refuse illegal orders,’ or ‘You must refuse illegal orders,’ as they went on to charge that service members do not have to carry out orders from higher-ups that they believe violate the Constitution.

Notably, none of the lawmakers dove into which orders they believed were illegal in the video.

Graham, who served three decades in the Air Force and worked as an Air Force Judge Advocate General (JAG), wrote in six letters to each of the lawmakers that he took ‘the issue of unlawful orders very seriously.’

‘I cannot find a single example of an illegal order during this administration, but as a Member of Congress, I believe you owe it to the country to be specific as to which orders you believe are unlawful,’ Graham said.

‘However, to say that I am disturbed by your video encouraging service members and Intelligence Community professionals to refuse ‘unlawful orders’ is an understatement,’ he continued. ‘In that regard, could you please provide clarity on what orders, issued by President Trump or those in his chain of command, you consider illegal?’

The video, and Graham’s letters, come on the heels of rising questions among lawmakers about the legality of President Donald Trump’s authorization of strikes on alleged drug boats in the Caribbean, and in the wake of the administration’s deployment of the National Guard to blue cities across the country.

Members of the military have an obligation to follow lawful orders from their superiors, but they can ignore orders deemed illegal, according to the Uniform Code of Military Justice — the standardized military justice system enacted in 1951.

When asked to get into specifics, Slotkin’s office pointed Fox News Digital to an interview the senator had with TMZ, where she explained that the video was made in response to service members ‘reaching out to us saying, ‘I don’t know what to do if the commander in chief orders me to do something that is illegal.’’

Slotkin, who was a CIA officer, said service members aren’t ‘trained in police techniques. They’re not trained in arresting, detaining American citizens, crowd control, raids on homes, and they were worried that they could be asked to do those things, that protests could get bad in a place like Chicago, and they could be asked to do these things.’

Fox News Digital reached out for comment from Kelly, Crow, Houlahan, Goodlander and Deluzio but did not immediately hear back.

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