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January 23, 2026

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Trump vows heavy campaign push for GOP, cites ‘midterm curse’ for sitting presidents

He’s not on the ballot this year, but President Donald Trump promises he’ll be on the campaign trail ‘a lot’ on behalf of fellow Republicans running in the midterm elections.

‘I’m gonna do a lot of campaign traveling,’ Trump told reporters Thursday aboard Air Force One, as he pointed to his effort this year to help the GOP defend their narrow Senate control and razor-thin House majority. ‘We’re going to work hard.’

But Trump appeared to downplay the GOP’s ballot box expectations as he acknowledged that the party in power, in this case the Republicans, normally faces stiff political headwinds in the midterms.

‘For whatever reason, it’s a deep-down psychological reason, sitting presidents … don’t seem to do well in the midterms,’ the president noted.

Trump made stops last month and earlier this month in the key battleground states of Pennsylvania, North Carolina, and Michigan, to highlight his accomplishments during his first year back in the White House, and to tout his efforts to combat rising prices, a key issue with voters.

And next week the president travels to Iowa, where Republicans aim to defend open Senate and gubernatorial seats in November’s elections.

Sources in the president’s political orbit confirmed to Fox News Digital last month that Trump would be making regular stops on the campaign trail this year. And earlier this week, White House Chief of Staff Susie Wiles, who served as co-campaign manager of Trump’s 2024 presidential bid, signaled that Trump would be making weekly stops.

That’s a big change from Trump’s first term, when the president didn’t start his campaign travel blitz until Labor Day.

Republicans lost control of the House in the 2018 midterms, something Trump is aiming to avoid in his second term.

Part of Trump’s strategy includes holding a first-ever Republican midterm convention this year.

As first reported by Fox News Digital, the Republican National Committee, at the winter meeting on Thursday, took the first formal step to change to the party’s rules, which would allow Chairman Joe Gruters ‘to convene a special ceremonial convention outside a presidential election cycle.’

National political conventions, where party delegates from around the country formally nominate their party’s presidential candidates, normally take place during presidential election years. And the hope among Trump and top Republicans is that a midterm convention would give the GOP a high-profile platform to showcase the president’s record and their congressional candidates running in the midterms.

The GOP is dealing with a low propensity issue: MAGA voters who don’t always go to the polls when Trump’s name isn’t on the ballot.

But Gruters emphasized in a Fox News Digital interview earlier this month that ‘the President of the United States is our secret weapon… He’s laser focused.’

‘We got to make sure we turn our voters out, and we got to make sure that we have people energized. And there’s nobody that can energize our base more than President Trump.’

Trump on Thursday touted that ‘nobody had a better first year than I did.’

‘Look at what we’ve done. We have the greatest economy in the world. We have the greatest investment in a country, in history, by many times — nobody’s ever had that,’ he added.

But the president’s approval ratings remain well underwater, with many Americans giving him a big thumbs down on the job he’s doing with the economy and the issue of affordability.

‘One year into his second term, Donald Trump has made one thing unmistakably clear: He doesn’t care about everyday Americans,’ DNC Rapid Response Director Kendall Witmer argued in a statement. ‘Voters won’t forget Trump’s betrayal come midterms — and Republicans will have to answer for it.’ 

This post appeared first on FOX NEWS

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Canadian PM Carney fires back at Trump over claim that ‘Canada lives because of the United States’

Canadian Prime Minister Mark Carney has rejected President Donald Trump’s assertion that ‘Canada lives because of the United States.’

‘Canada and the United States have built a remarkable partnership in the economy, in security, and in a rich cultural exchange,’ Carney said on Thursday while speaking in Plains of Abraham, Québec, during a cabinet retreat. 

‘But Canada doesn’t ‘live because of the United States’,’ he said, referencing Trump’s remark. ‘Canada thrives because we are Canadian. We are masters in our own house. This is our country. This is our future. The choice is ours.’

In response to Fox News Digital’s request for comment, the White House pointed to Trump’s Truth Social post.

On Thursday, Trump published an open letter to Carney informing him that Canada’s invitation to join the Board of Peace — a U.S.-led council tasked with managing Gaza’s post-war future — had been rescinded.

‘Please let this Letter serve to represent that the Board of Peace is withdrawing its invitation to you regarding Canada’s joining, what will be, the most prestigious Board of Leaders ever assembled, at any time. Thank you for your attention to this matter!’ Trump wrote on Truth Social.

The board was inaugurated in Davos, Switzerland, on Thursday, though Carney had already left, according to The Associated Press.

Tensions between Carney and Trump flared as world leaders met in Davos for the annual World Economic Forum. Both Trump and Carney took swipes at each other in their respective speeches.

During his address on Tuesday, Carney did not mention Trump by name, but rather he said that ‘rules-based order is fading,’ referencing the U.S.

He admitted that there were benefits to US. leadership on the world stage, but painted the entire concept of a rules-based international order as a falsity that is actively failing. Additionally, in his address, Carney urged middle powers, like Canada, to assert themselves and take the opportunity to ‘build a new order that embodies our values.’

When delivering his address on Wednesday, Trump did not shy away from taking aim at Carney. He said that Canada ‘should be grateful’ because the country gets ‘a lot of freebies’ from the U.S., though he did not say what he was referring to.

‘I watched your prime minister yesterday, he wasn’t so grateful,’ Trump said. ‘Canada lives because of the United States. Remember that, Mark, the next time you make your statements.’

The friction between Trump and Carney underscored a growing rift between the two. In his address to a cabinet retreat, Carney framed it as a moment for Canada to assert its own power and build a future based on its own values.

Fox News Digital reached out to Carney’s office for comment.

This post appeared first on FOX NEWS

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Senate Democrats rebel against their own leadership over DHS funding package, increasing shutdown odds

Senate Democrats are beginning to peel off from their leadership, upping the ante for another government shutdown.

Disputes over Department of Homeland Security (DHS) funding, fewer restrictions on President Donald Trump’s authority and a possible headache with a previous, controversial provision could set the stage for another government shutdown.

Senate Republican and Democratic leaders don’t want to idly fall into another government shutdown, given that Congress just exited the longest closure in history a few short months ago. They have differing reasons, but for now, Republicans and Democrats agreed that the best option was to fund the government.

While the powers that be may have a momentary truce, it’s rank-and-file members who could drive Washington, D.C. to the edge of another shutdown.

Many of the issues lie within the DHS funding bill, which Democratic negotiators argued included several wins in their quest to rein in Immigration and Customs Enforcement (ICE). That bill passed through the House Thursday, with tepid support from House Democrats.

Only seven broke from their colleagues, a sign that Senate Minority Leader Chuck Schumer, D-N.Y., and his leadership team will have their work cut out for them in the upcoming week. And now, they’ll have to wrangle Sen. Tim Kaine, D-Va., who on Friday announced in a statement that he would not back the broader package.

Kaine wanted to see a much broader swath of constraints baked into the behemoth funding package, including safeguards against Trump’s war powers, the firing of federal workers, and DHS and ICE retribution against his home state.

‘We are not living in normal times,’ Kaine said. ‘The president is acting chaotically and unlawfully, and we shouldn’t give his deranged decisions the imprimatur of congressional approval by passing this legislation without significant amendment.’

Kaine’s defection is particularly notable, given that he was one of a handful of Senate Democrats who crossed the aisle to reopen the government last year.

A source familiar told Fox News Digital that there were up to 10 Senate Democrats who might not vote for the package or any funding bills from Republicans in general. That complicates the math needed to reach 60 votes.

Then there is Sen. Chris Murphy, D-Conn., who is a member of Schumer’s leadership team and the top Democrat on the Senate Homeland Security Appropriations subcommittee, who said he won’t support the DHS bill, arguing that it does not go far enough to restrict DHS Secretary Kristi Noem or Trump.

Murphy, who was involved in negotiations for the bill, said in a statement that he understood that his colleague ‘had a hard job — no new budget for DHS is going to cure all the rampant illegality happening within the department.’

‘Democrats have no obligation to support a bill that not only funds the dystopian scenes we are seeing in Minneapolis but will allow DHS to replicate that playbook of brutality in cities all over this country,’ Murphy said.

Senate Homeland Security Appropriations Subcommittee Chair Katie Britt, R-Ala., told Fox News Digital in a statement that ‘importantly, this bill contains no Democrat poison pills.’

‘I’m hopeful my colleagues on the other side of the aisle will do what’s right and not further politicize this process,’ Britt said.

Still, leaders on both sides are hopeful that the weight of the broader package, which will include defense funding, is enough to keep lawmakers in line and avoid a shutdown.

Sen. Patty Murray, D-Wash., who is the top-ranking Democrat on the Senate Appropriations Committee, argued that while the package was not exactly what she and Democrats had hoped for, it was good enough to support.

That’s because she and congressional Democrats were able to bake in their own restrictions on funding that would not be adhered to if Congress again has to turn to another short-term funding bill, known as a continuing resolution (CR).

‘While there’s a whole lot more I wish these bills would have addressed, these compromise bills protect critical investments in the American people, reject truly heartless cuts that would have undone decades of progress —and they are a significantly better outcome than another year-long CR,’ Murray said. ‘I look forward to ensuring they get signed into law.’

This post appeared first on FOX NEWS

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Trump mocks ‘environmental insurrectionists’ as Americans brace for massive winter storms: ‘Global warming?’

As Americans brace for massive winter storms expected to impact more than 170 million people across the U.S., President Donald Trump mocked what he described as ‘environmental insurrectionists’ in a Truth Social post on Friday.

‘Record Cold Wave expected to hit 40 States. Rarely seen anything like it before,’ Trump said in the post.

‘Could the Environmental Insurrectionists please explain — WHATEVER HAPPENED TO GLOBAL WARMING???’ he quipped.

‘A significant, long-duration winter storm will bring widespread heavy snow, sleet, and freezing rain from the Southern Rockies to New England through Monday. Widespread travel disruptions, prolonged power outages, and vast tree damage is likely,’ the National Weather Service noted in a Friday post on X.

In a Truth Social post last year, the president declared, ‘I (WE!) just won the War on the Climate Change Hoax.’ 

Trump’s post addressed a recent essay by Bill Gates. In the essay, Gates wrote, ‘Although climate change will have serious consequences — particularly for people in the poorest countries — it will not lead to humanity’s demise. People will be able to live and thrive in most places on Earth for the foreseeable future.’

‘Bill Gates has finally admitted that he was completely WRONG on the issue,’ Trump wrote at the time. ‘It took courage to do so, and for that we are all grateful.’ 

Former Democratic President Joe Biden repeatedly addressed the issue of climate change during his White House tenure.

In his 2023 State of the Union Address, Biden claimed there is a ‘climate crisis’ that is ‘an existential threat.’

In a Truth Social post the night of Biden’s 2023 speech, Trump asserted, ‘His Climate Change statements, they can no longer use Global Warming because that doesn’t work anymore, will bankrupt our Country, and bring us into the Third World status, which we’re getting closer and closer to anyway.’

The Associated Press contributed to this report.

This post appeared first on FOX NEWS

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SCOOP: House Republicans revive push to impeach ‘activist’ judges after Johnson’s green light

House conservatives are reviving various pushes to impeach judges accused of blocking President Donald Trump’s agenda after Speaker Mike Johnson, R-La., gave his tacit approval earlier this week.

‘I just spoke to him on the House floor, and he’s still in support, so we’re going to push to move forward on at least one,’ Rep. Andy Ogles, R-Tenn., told Fox News Digital in the early evening on Thursday.

Ogles was among the conservative Trump allies who led the push to impeach judges last year as the administration engaged in legal battles with federal courts across the country over various rulings.

He previously introduced impeachment articles against U.S. District Judge John Bates for blocking a Trump executive order targeting transgender recognition under federal law, as well as District Judge Theodore Chuang after his ruling to stop a crackdown on foreign aid by Elon Musk’s Department of Government Efficiency (DOGE).

Neither of those impeachment resolutions or others targeting several other judges went anywhere at the time, however. House GOP leaders made clear they believed impeachment was an impractical way to deal with what Republicans saw as ‘activist judges’ trying to influence policy rather than interpret law.

Johnson and other leaders instead favored a bill by Rep. Darrell Issa, R-Calif., to limit district judges’ ability to issue nationwide injunctions. That bill passed the House along partisan lines last year but was never taken up in the Senate.

The speaker sounded more enthusiastic about impeachment during his press conference on Wednesday, telling reporters, ‘I’m for it.’

He named U.S. District Judge James Boasberg, specifically, who’s been targeted by Republicans after rulings on several key immigration cases involving Trump’s policies, including flying migrants to El Salvador and other countries instead of detaining them in the U.S.

Boasberg more recently raised GOP ire when it was revealed that Boasberg had signed off on decisions that allowed for the seizure of some Republican lawmakers’ phone records in former special counsel Jack Smith’s Arctic Frost probe.

A resolution to impeach Boasberg led by Rep. Brandon Gill, R-Texas, gained traction among conservatives last year, and the Texas Republican told Fox News Digital he was heartened by Johnson’s comments on Thursday.

‘We’re going to do everything we can to push that forward. I mean the reality is that Boasberg has been acting as an agent of the Democrat Party for quite some time now,’ Gill said. ‘I’m thrilled to see the speaker get on board. I think his leadership will be crucial in getting this passed.’

Gill said it was still early to predict whether it would see a House-wide vote but said his office was in contact with Johnson’s office about the measure, which he said was ‘moving in the right direction.’

A source familiar with his effort told Fox News Digital that his resolution to impeach Boasberg gained two new House GOP co-sponsors after Johnson’s comments this week.

Other House Republicans who supported the push last year indicated they would do so again.

‘I’d be all for it,’ Rep. Andrew Clyde, R-Ga., told Fox News Digital. He said of Boasberg specifically, ‘I think he’s one of the most forthright judicial activists on the bench and that’s not why he was put on the bench.’

Rep. Marlin Stutzman, R-Ind., said Johnson expressing support could strengthen the push.

‘There’s a lot of respect for Speaker Johnson, especially as a constitutional lawyer — he’s someone that a lot of people have a lot of confidence in,’ Stutzman told Fox News Digital. ‘The fact that he’s willing to step out there as a Speaker of the House, it says a lot.’

Rep. Lance Gooden, R-Texas, a member of the House Judiciary Committee, told Fox News Digital, ‘I think there’s more of an appetite and less of a hesitation than there was earlier in the Congress. We had an agenda. We didn’t want to be distracted with potential impeachment, but I think now, as we’re realizing things are not getting better, the people around the nation are expecting us to hold this judge and others like him accountable.’

But not all Republicans were as enthusiastic.

House Freedom Caucus Chairman Andy Harris, R-Md., who was supportive of the GOP’s judicial impeachment fervor last year, told Fox News Digital Thursday that he was not sure it could survive the committee process needed before a House-wide vote.

House GOP Conference Vice Chair Blake Moore, R-Utah, said ‘everybody has to be willing to consider impeachment’ as a power of Congress but said he did not know the details of the specific initiatives.

‘I will reinforce how much I like Issa’s bill. It moves it away from political rhetoric into, ‘Hey, let’s do something substantive here,” Moore told Fox News Digital. ‘It’s a pretty innovative solution in a very sound way.’

Democrats and other critics of the impeachment push have called it an unwarranted persecution of a co-equal branch of government, but supporters say it’s well within Congress’ right to use the impeachment process when they believe abuses have taken place.

This post appeared first on FOX NEWS

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FPX Nickel Announces Commencement of Environmental Assessment Process for Baptiste Nickel Project

 FPX Nickel Corp. (TSXV: FPX) (OTCQB: FPOCF) (‘FPX’ or the ‘Company’) is pleased to announce that the Initial Project Description (the ‘IPD’) for its Baptiste Nickel Project (‘Baptiste’ or ‘the Project’) has been submitted and formally accepted by the British Columbia Environmental Assessment Office (‘BC EAO’) and the Impact Assessment Agency of Canada (‘IAAC’). With this key milestone, the Environmental Assessment (‘EA’) process for the Project has commenced.

‘This is a significant achievement for Baptiste and is the result of extensive and deep engagement with the provincial and federal governments, First Nation communities and other local communities, as well as robust engineering, environmental and stewardship activities,’ said Martin Turenne, President and CEO of FPX. ‘The Initial Project Description supports the initial phases of both the provincial and federal Environmental Assessment process outlining the Company’s preliminary plans to develop the Baptiste Project, thereby informing subsequent phases of the EA and continued Project development.’

The Company is looking forward to a comprehensive, transparent and rigorous EA process and is committed to continuing to advance the Project in genuine partnership with local First Nations. FPX has been working closely with First Nations, developing collaborative relationships including through funding agreements and co-design initiatives.

FPX would like to acknowledge the early engagement of the province of British Columbia through the Critical Minerals Office and the inclusion of Baptiste as the first pilot project of this initiative, starting in 2024. Likewise, the Company would like to recognize the engagement of the federal government and the recent $3.7 million grant from Natural Resource Canada’s Critical Mineral Infrastructure Fund which have helped to advance the Project to this stage. Taken together, these initiatives clearly demonstrate government’s commitment to the responsible development of critical minerals projects like Baptiste at this pivotal moment in Canada’s history.

FPX has launched a dedicated project website, https://baptisteproject.com, as part of the Company’s ongoing commitment to engage with the public and to support an inclusive review of the Baptiste Nickel Project.

The IPD is available on the BC EAO and IAAC websites and comments can be submitted to both these government agencies during a forthcoming public comment period to be held between February 5 and March 9, 2026, as part of the EA process.

    About the Baptiste Nickel Project

    The Baptiste Nickel Project, located in central British Columbia, is one of the largest, lowest cost undeveloped nickel projects in the world and is expected to be a long-life, low-carbon source of nickel for stainless steel and battery supply chains. Nickel is designated as a critical mineral by the Government of Canada due to its essential role in economic security and the global energy transition. Baptiste represents a new nickel mineralization in the form of a sulphur-free, nickel-iron mineral called awaruite (Ni3Fe) hosted in an ultramafic/ophiolite complex.  The absence of sulphur and our ability to connect to the BC Hydro grid means that Baptiste has the potential to be one of the lowest carbon-intensive nickel producers in the world and will produce a high-grade product that does not require any intermediate smelting or complex refining.

    In 2024, the Province of British Columbia identified the Baptiste Nickel Project as the first project to be included in the Province’s new Critical Minerals Office (‘CMO’) concierge service initiative, a provincial strategy action to enable the prioritization of critical minerals projects in B.C. The CMO initiative is providing an excellent structure to proactively identify and address issues and opportunities ahead of the Project’s entry into the environmental assessment process.

    The Baptiste mineral claims cover an area of 453 km2 west of Middle River and north of Trembleur Lake, in central British Columbia.  In addition to the Baptiste Deposit itself, awaruite mineralization has been confirmed through drilling at several target areas within the same claims package, most notably at the Van Target which is located 6 km to the north of the Baptiste Deposit.  Since 2010, approximately US$55 million has been spent on the exploration and development of Baptiste.

    About FPX Nickel Corp.

    FPX Nickel Corp.  is focused on the exploration and development of the Baptiste Nickel Project, located in central British Columbia, and other occurrences of the same unique style of naturally occurring nickel-iron alloy mineralization known as awaruite.  For more information, please view the Company’s website at https://fpxnickel.com/

    On behalf of FPX Nickel Corp.

    ‘Martin Turenne’

    Martin Turenne, President, CEO and Director

    Forward-Looking Statements

    Certain of the statements made and information contained herein is considered ‘forward-looking information’ within the meaning of applicable Canadian securities laws. These statements address future events and conditions and so involve inherent risks and uncertainties, as disclosed in the Company’s periodic filings with Canadian securities regulators. Actual results could differ from those currently projected. The Company does not assume the obligation to update any forward-looking statement.

    Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

    SOURCE FPX Nickel Corp.

    View original content to download multimedia: http://www.newswire.ca/en/releases/archive/January2026/23/c8075.html

    News Provided by Canada Newswire via QuoteMedia

    This post appeared first on investingnews.com

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    LaFleur Minerals Inc.Sees Emerging Dynamic with Pivot from Exploration to Production

    This article has been disseminated on behalf of LaFleur Minerals and may include paid advertising. 

    Disclosure: This does not represent material news, partnerships or investment advice.

    Via MiningNewsWire — LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) today announces its placement in an editorial published by MiningNewsWire (‘MNW’), one of 75+ brands within the Dynamic Brand Portfolio@IBN (InvestorBrandNetwork), a specialized communications platform with a focus on financial news and content distribution for private and public companies and the investment community.

    To view the full publication, ‘From Permits to Gold Pour: Why Readiness Matters,’ please visit: https://ibn.fm/qihBV

    One of the most pivotal moments in a mining company’s lifecycle is not the initial discovery phase or the point at which production is fully established, but rather the transition between exploration and production. At this stage, geological uncertainty has been largely addressed, infrastructure is complete, pathways to production are defined and capital is aligned with execution. Historically, this combination has created the conditions for substantial valuation expansion. Adequate funding becomes critical during this transition, enabling companies to move beyond planning and into operational delivery.

    This dynamic is now emerging at LaFleur Minerals Inc., a Québec-based, near-term gold producer that recently completed an upsized and oversubscribed C$7.8 million financing. With capital in place to restart operations at its Beacon Gold Mill, the company now sits at a stage where upside has often accelerated for mining developers. 

    About LaFleur Minerals Inc.

    LaFleur Minerals is focused on the development of district-scale gold projects in the Abitibi Gold Belt near Val-d’Or, Québec. The Company’s mission is to advance mining projects with a laser focus on our resource-stage Swanson Gold Project and the Beacon Gold Mill, which have significant potential to deliver long-term value. The Swanson Gold Project is approximately 18,304 hectares (183 km2) in size and includes several prospects rich in gold and critical metals previously held by Monarch Mining, Abcourt Mines and Globex Mining. LaFleur has recently consolidated a large land package along a major structural break that hosts the Swanson, Bartec and Jolin gold deposits and several other showings which make up the Swanson Gold Project. The Swanson Gold Project is easily accessible by road allowing direct access to several nearby gold mills, further enhancing its development potential. LaFleur Minerals’ fully permitted and refurbished Beacon Gold Mill is capable of processing over 750 tonnes per day and is being considered for processing mineralized material from Swanson and for custom milling operations for other nearby gold projects.

    Qualified Person Statement – All scientific and technical information contained in the LaFleur Minerals Market Awareness Profile (MAP) has been reviewed and approved by Louis Martin, P.Geo. (OGQ), Exploration Manager and Technical Advisor of the company and considered a Qualified Person for the purposes of NI 43-101.

    NOTE TO INVESTORS: The latest news and updates relating to LFLR are available in the company’s newsroom at http://ibn.fm/LFLRF

    About MiningNewsWire

    MiningNewsWire (‘MNW’) is a specialized communications platform with a focus on developments and opportunities in the Global Mining and Resources sectors. It is one of 75+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled recognition and brand awareness.

    MNW is where breaking news, insightful content and actionable information converge.

    To receive SMS alerts from MiningNewsWire, text ‘BigHole’ to 888-902-4192 (U.S. Mobile Phones Only)

    For more information, please visit https://www.MiningNewsWire.com

    Please see full terms of use and disclaimers on the MiningNewsWire website applicable to all content provided by MNW, wherever published or republished: https://www.MiningNewsWire.com/Disclaimer

    MiningNewsWire
    Los Angeles, CA
    www.MiningNewsWire.com
    310.299.1717 Office
    Editor@MiningNewsWire.com

    MiningNewsWire is powered by IBN

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    Freegold Provides an Update on its 2026 Plans

    2026: Opportunities and Objectives 

    • Infill drilling to define higher-grade zones and improve/derisk the mineral resource
    • Additional metallurgical testing to target >90% recovery and assess cost efficiency
    • Expand on the newly discovered Tamarack Zone and adjacent higher-grade Cleary Hil resultsl
    • Updated Mineral Resource Estimate

    Objective: continue to demonstrate that Golden Summit is a highly attractive, extremely rare, generational project with phased development potential.

    Freegold Ventures Limited (‘Freegold’ or ‘the Company’) (TSX: FVL,OTC:FGOVF) (OTCQX: FGOVF) is pleased to provide an update on its 2026 plans for Golden Summit and a review of its 2025 activities.

    In July 2025, Freegold published its updated mineral resource estimate for Golden Summit, which showed a significant increase in ounces, making it one of the largest undeveloped gold resources in North America.

    • Indicated Primary Mineral Resource: 17.2 Moz at 1.24 g/t Au, a 42% increase in ounces and 15% grade increase from the September 2024 resource estimate.
    • Inferred Primary Mineral Resource: 11.9 Moz at 1.04 g/t Au, an 11 % increase in ounces, at the same grade.
    • Cut-off grades remained unchanged at 0.50 g/t Au. (PR July 24, 2025)

    In 2025, Freegold completed over 39,000 metres of drilling. The ongoing infill drill program is continuing to improve the resource block model, and results are aligning well with current geological interpretations, strengthening confidence in the resource model.

    In January 2026, Freegold successfully completed a $50 million equity raise, with participation from over 20 institutions and the continued support of Eric Sprott.

    With a strong treasury, Freegold is well-positioned to advance the Golden Summit project in 2026 and will focus on several key initiatives:

    • Infill drilling to define higher-grade corridors and further derisk the mineral resource.
    • Expanded metallurgical testing to optimize gold recovery and enhance project economics.
    • Evaluation of multiple development strategies, including staged development, to maximize project viability and minimize initial capital expenditures.
    • Completion of a Pre-Feasibility Study (PFS) by Early 2027

    Upcoming Drilling Program & New Tamarack Discovery
    Freegold continues to achieve exploration success in defining new zones of gold mineralization.  The rapid increase in the gold price by over $2,000 since the July 2025 resource update was completed is further benefiting Golden Summit’s very large lower-grade halo in the 0.3-0.5 gpT range, offering our investors considerable optionality. Given the substantial size of the existing resource at Golden Summit, current drilling efforts are focused on areas with the highest potential to serve as an initial starter pit. By systematically identifying higher-grade corridors, focusing on reducing the strip ratio, and determining the optimal cut-off grade, Freegold is continuing to ensure the project’s value is maximized. These efforts are designed to deliver a robust, de-risked mineral resource estimate that will serve as a solid foundation for the upcoming Pre-Feasibility Study (PFS).

    Drilling will resume in February with a 50,000-metre program targeting the central Dolphin/Cleary/WOW Zones and the newly discovered Tamarack Zone. The Tamarack Zone extends the deposit’s footprint to the east and, likely, to the southeast, and represents a significant opportunity to materially increase the overall project resource.  The Cleary Hill Zone, located 400m west of Tamarack, is continuing to demonstrate potential for wider mineralized zones at depth and had some excellent drill intersections in 2025, including one reported on January 15th. Additional drilling in 2026 will target the untested gap, which is considered to have substantial infill potential.

    Metallurgical Studies
    Freegold is excited about the advanced metallurgical testwork underway, which will help identify the optimal, lowest-risk treatment methods. Metallurgy has been an area of uncertainty for investors. Our 2025 test work provided several important results: recoveries over 90% were achieved with four oxidation processes: BIOX®, POX, and the Albion Process and the GlassLock Process treating a flotation concentrate of approximately 4% mass. The flotation tailings were found to be non-acid-generating, as the material had an AP (acid potential) below the detection limit, as determined by standard ABA (Acid-Base Accounting) procedures. 

    A simple, low-cost gravity step recovered 40-50% of the gold, bolstering recovery in all the flowsheets tested.  Recent results from the GlassLock Process demonstrate an enhanced gold grade in concentrate, with no measurable gold losses during processing, resulting in the production of a saleable, direct-to-smelter concentrate that avoids the use of cyanide while significantly reducing arsenic content. The concentrate would be highly attractive to numerous end users.(Source: PR, December 16th, 2025). Ongoing trade-off studies will determine whether the additional processing and capital investment required for further treatment are warranted, or whether a simpler gravity- and CIL-based flowsheet is more cost-effective despite lower recovery rates.

    The expanded metallurgical program, initiated in the second quarter of 2025, sourced materials from various areas and depths to ensure a comprehensive assessment of the deposit’s characteristics. A pilot plant processed over 1.5 tonnes of composite material from expanded drill core sampling, resulting in the production of gravity and cleaner flotation concentrates. These concentrates will support ongoing test work throughout 2026 and facilitate subsequent detailed engineering studies. Furthermore, several additional metallurgical test holes with larger-diameter PQ drilling are planned to augment the current work.

    A Unique Scenario – Golden Summit’s Capacity to be its own District.
    There is a geological consistency between Golden Summit’s large and growing resource and its history. Since the Alaskan gold rush, over 6.75 million ounces of placer gold have been recovered from streams draining the project area, and a further 500,000 ounces of lode gold have been produced.  The current mineral resource lies within the western portion of the 13-kilometre x 6km property and, within a comparatively small 2 km by 1.5 km footprint. Significant exploration upside remains both immediately east and west of the defined resource, offering outstanding opportunities for further discoveries and resource growth. The discovery of the Tamarack Zone, announced earlier this month, was yet another reminder of this potential.

    Further to the east, geochemical and geophysical surveys have identified several target areas, including significant gold-in-soil anomalies, key indicators of mineralization, and closely linked to historically productive regions. Our greatly enhanced understanding of the mineralization controls has allowed Freegold to maintain an enviably low finding cost under $5/oz. These anomalies present excellent opportunities for future discoveries – not only those that will add ounces, but also those that could boost early project economics. One drill rig will be dedicated to this eastern area over the summer, further supporting efforts to enhance shareholder and project value.

    Path to Pre-Feasibility Early 2027
    With drilling planned to resume in February 2026, the year is expected to be another highly active one, with the continuation of infill/condemnation and exploration drilling in conjunction with ongoing environmental baseline work to provide a strong foundation for future permitting.

    Freegold has maintained a consistent commitment to environmental responsibility by conducting baseline studies over the past several years, focusing on groundwater and wetlands delineation, and by ongoing reclamation of drill pads and project roads post-use to minimize environmental impact.  

    In 2025, Freegold broadened its scope to include field assessments of cultural resources, archaeology, and paleontology, further demonstrating its commitment to responsible project development. As part of its 2025 environmental initiatives, Freegold installed vibrating wire piezometers (VWP’s) to enable ongoing groundwater monitoring, which is vital for future dewatering strategies. Additionally, mammal habitat assessments were initiated during the winter, with plans to expand them in upcoming seasons to promote a comprehensive wildlife management approach. Efforts are also underway to electrify the Golden Summit camp as part of Freegold’s strategy to reduce diesel consumption, with completion anticipated in early spring. As part of its pre-feasibility study (PFS), Freegold has engaged a power consultant to evaluate the local power infrastructure and investigate alternative energy sources to enhance long-term sustainability.

    As Golden Summit continues to evolve, its exceptional optionality becomes more evident: its location, resource size, and, with the success of the ongoing metallurgical test work, the potential for multiple development paths, which will be evaluated to ensure the most optimal outcome for the pre-feasibility study (PFS).

    2025 Drill Results
    Drilling was completed in mid-December, with 63 holes drilled. Analytical work, including cutting and sampling of the remaining drill holes, is ongoing and will provide news flow in the early months of 2026 while our 2026 drill program ramps up. Further results will be reported once they have been received and validated.

    Upcoming Conference Attendance: January – March 2026
    AMEBC Round Up, Vancouver, BC, January 26th – 29th, 2025 (Booth 127 January 26th – 27th, 2026)

    BMO 35th Global Metals, Mining & Critical Minerals Conference, Hollywood Florida February 22nd, -26th, 2026

    Prospectors and Developers. (PDAC), Toronto, Ontario – March 1st – 4th, 2026 – Booth 2621 (Main Exhibit Hall)

    About Golden Summit
    Since 2020, the Golden Summit Project has become one of North America’s largest undeveloped gold resources. The substantial increase in resource ounces and grade is attributed to targeted drilling campaigns between 2020 and 2024 (totalling over 130,000 metres), ongoing improvements to geological models, and enhanced understanding of mineralisation controls. Positive metallurgical test results have also propelled the project forward. Continued drilling has delineated higher-grade zones and converted previously considered waste areas into potentially economically viable mineralised zones.

    Recovery rates exceeding 90% have been achieved using sulphide-oxidising techniques such as BIOX®, POX, and the Albion Process. Recent testwork also included the GlassLock Process, which demonstrated that the gold grade of the concentrate can be increased without measurable gold loss, producing a direct-to-smelter saleable concentrate with significantly reduced arsenic content.

    As of July 2025, the Golden Summit resource includes an Indicated Primary Mineral Resource of 17.2 million ounces at 1.24 g/t Au and an Inferred Primary Mineral Resource of 11.9 million ounces at 1.04 g/t Au, calculated using a 0.5 g/t cut-off grade and a gold price of $2,490. Cutting, sampling, and analytical work are ongoing, with drilling expected to resume in February. Results from the 2025/2026 drilling campaign will provide the basis for an updated mineral resource estimate, which will support the upcoming Pre-Feasibility Study (PFS).

    Qualified Person Statement
    The Qualified Person for this release is Alvin Jackson, P.Geo., Vice President of Exploration and Development for Freegold, who has approved the scientific and technical disclosure in this news release.

    About Freegold Ventures Limited
    Freegold is a TSX-listed company focused on exploration in Alaska.

    Cautionary Statement Regarding Forward-Looking Information
    This press release contains statements that constitute ‘forward-looking information’ (collectively, ‘forward-looking statements‘) within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this press release. Any statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as ‘expects’, or ‘does not expect’, ‘is expected’, ‘anticipates’ or ‘does not anticipate’, ‘plans’, ‘budget’, ‘scheduled’, ‘forecasts’, ‘estimates’, ‘believes’ or ‘intends’ or variations of such words and phrases or stating that certain actions, events or results ‘may’ or ‘could’, ‘would’, ‘might’ or ‘will’ be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. Forward-looking statements contained in this press release, include, without limitation, statements regarding advancing the Golden Summit Project and other exploration plans and results of any drill programs, statements regarding the timing for and expected completion of a pre-feasibility study, the results of any environmental initiatives or metallurgical testing and any development, or drilling. In making the forward-looking statements contained in this press release, the Company has made certain assumptions. Although the Company believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurance that the expectations of any forward-looking statements will prove to be correct. Known and unknown risks, uncertainties, and other factors may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: availability of financing; delay or failure to receive required permits or regulatory approvals; and general business, economic, competitive, political and social uncertainties. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this press release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise. See Freegold’s Annual Information Form for the year ended December 31, 2024, filed under Freegold’s profile at www.sedarplus.com, for a detailed discussion of the risk factors associated with Freegold’s operations.

    SOURCE Freegold Ventures Limited

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    Freeport-McMoRan Plans 2026 Grasberg Restart After Deadly Mud Rush

    Freeport-McMoRan (NYSE:FCX) is preparing to bring one of the world’s most important copper assets back online, laying out plans for a phased restart of the Grasberg mine in Indonesia following a deadly mud rush that halted operations late last year.

    The Arizona-based miner said remediation and preparation work at the Grasberg minerals district remains on schedule after the September 8, 2025 incident, when an estimated 800,000 metric tons of wet material entered the block cave and killed seven workers.

    According to the company, its Indonesian subsidiary, PT Freeport Indonesia (PTFI), expects to begin restarting Production Blocks 2 and 3 of the Grasberg Block Cave in the second quarter of 2026, with a gradual ramp-up thereafter. A potential restart of Production Block 1 is targeted for 2027.

    Based on current estimates, PTFI expects roughly 85 percent of total production at normal operating rates to be restored in the second half of 2026.

    Work required to resume mining, including mud removal from underground workings, repairs to key infrastructure and the installation of protective barriers, is progressing as planned, Freeport said. Investigations into the cause of the incident and remedial measures were completed during the fourth quarter of 2025.

    Operations at other parts of the Grasberg complex have already resumed. In late October 2025, PTFI restarted production at the Deep Mill Level Zone (DMLZ) and Big Gossan underground mines, which were not affected by the mud rush.

    Those restarts provided some relief to output but did not offset the loss of production from the Grasberg Block Cave, the district’s primary ore source.

    “As we enter 2026, our team has a clear focus on restoring operations at Grasberg safely and sustainably, and on continuing to build values in the Americas through our innovative growth and efficiency initiatives,” Freeport president and chief executive officer Kathleen Quirk said in the company’s recent quarterly statement.

    While the Grasberg restart remains the central operational focus, Freeport’s latest quarterly results showed the company’s financial resilience during the disruption.

    In the fourth quarter of 2025, Freeport reported net income attributable to common stock of US$406 million, or US$0.28 per share. Adjusted net income totaled US$688 million, or US$0.47 per share, beating quarterly profit estimates.

    Going into 2026, Freeport expects consolidated sales of about 3.4 billion pounds of copper, 0.8 million ounces of gold and 90 million pounds of molybdenum, with those projections assuming a phased restart of the Grasberg Block Cave beginning in the second quarter.

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

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    Trump’s Greenland “Framework” Raises Questions Over Critical Minerals and Sovereignty

    US President Donald Trump’s claim that Washington has reached a “framework of a future deal” over Greenland has raised more questions than answers, particularly over whether access to the Arctic territory’s vast natural resources and critical minerals is part of the discussions.

    Trump’s recent announcement on his Truth Social platform after meetings at the World Economic Forum in Davos appeared to mark a de-escalation after weeks of mounting pressure on Denmark and Greenland.

    Those tensions had included threats of tariffs and repeated suggestions that the United States might use force to secure control of the semi-autonomous Danish territory. Instead, Trump said the framework emerged from a “very productive meeting” with NATO Secretary General Mark Rutte and suggested talks would continue.

    “This solution, if consummated, will be a great one for the United States of America, and all NATO Nations,” Trump wrote, offering no details on what the framework contains.

    A mysterious and vague framework

    What has followed has been a series of clarifications about what the deal does not include.

    Danish Prime Minister Mette Frederiksen said Denmark is open to negotiations on security and cooperation but stressed that “we cannot negotiate on our sovereignty.”

    Greenland’s Prime Minister Jens-Frederik Nielsen echoed that position, calling sovereignty a ‘red line’ and saying he was unaware of the substance of any framework being discussed.

    NATO officials have likewise emphasized that the alliance has no mandate to negotiate territorial arrangements and that any talks would have to involve Denmark, Greenland, and the US directly.

    Despite the lack of specifics, Trump’s comments have revived debate over why Greenland matters so much to Washington. Security considerations have dominated official statements, yet Greenland’s natural resources remain a central but unresolved part of the picture.

    A resource-centric agenda

    Despite the lack of specifics, Trump’s comments have revived debate over why Greenland matters so much to Washington. Security considerations have dominated official statements, yet Greenland’s natural resources remain a central but unresolved part of the picture.

    Greenland is believed to sit on top of large reserves of oil and natural gas, though commercial extraction has yet to take off. The island is thought to host substantial deposits of minerals considered critical for modern economies and military technologies.

    According to the 2023 Geological Survey of Denmark and Greenland, 25 of the 34 minerals classified as “critical raw materials” by the European Commission are found in Greenland, including graphite, niobium and titanium. These materials are essential for electronics, Trump himself has frequently linked Greenland to minerals and security in the same breath, arguing that US control would put the country in “a really good position, especially as it pertains to security and to minerals.”

    At times, however, Trump has appeared to downplay the economic case, instead emphasizing geopolitical threats.

    “I want Greenland for security – I don’t want it for anything else,” he told reporters at Davos. “You have to go 25ft down through ice to get it. It’s not, it’s not something that a lot of people are going to do or want to do.”

    Even so, access to Greenland’s resources has loomed large in the background of the administration’s agenda. Trump has made countering China’s dominance in rare earths and strategic minerals a core economic and national security priority, placing supply chains at the center of US geopolitical strategy.

    The US has been moving in that direction for years. In 2020, during Trump’s first term, Washington reopened its consulate in Nuuk, Greenland’s capital, as part of a broader effort to deepen ties amid expanding Russian and Chinese activity in the Arctic.

    Since Trump returned to office, his allies have increasingly framed Greenland as a commercial opportunity as well as a strategic one, citing climate change-driven shifts that are opening new shipping routes and access to fisheries, energy, and mineral resources.

    Shades of an existing agreement

    For now, none of those ambitions have been reflected in concrete terms tied to Trump’s announced framework. NATO said only that future negotiations would aim to ensure Russia and China “never gain a foothold — economically or militarily — in Greenland.”

    While that language could encompass mining and investment restrictions, it stops short of any commitment on mineral access or ownership.

    According to a New York Times report, officials familiar with parallel discussions said one idea floated informally involved granting the US sovereignty or near-sovereign control over small areas of Greenland for military bases, modeled on Britain’s sovereign base areas in Cyprus.

    Such an arrangement would address defense concerns but would do little to resolve questions about mineral rights, which are governed by Greenlandic law and subject to strong local political sensitivities.”

    Trump’s shifting tone has also prompted scrutiny in Washington. When asked whether the framework met his earlier demand to “own” Greenland, Trump avoided the question, calling the arrangement “a long-term deal” that was “infinite” and “forever.”

    Critics have noted that similar language already applies to the 1951 US-Denmark defense agreement, which allows an open-ended American military presence at what is now Pituffik Space Base.

    Updated in 2004, the same agreement gives the US wide authority within its defense areas, including control over personnel, equipment, and movement. Some analysts argue that most of what Trump appears to be seeking could be achieved by revising or expanding that framework rather than pursuing ownership or sovereignty.

    Whether the new framework goes further remains unclear. US, Danish, and Greenlandic officials are expected to continue talks in the coming weeks, and a working group could meet as early as next week to flesh out details.

    Until then, the absence of explicit language on critical minerals stands out, given how often they have been invoked as a justification for Trump’s aggressive rhetoric.

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

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