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Saudi Arabia is already America’s top arms buyer and now Trump wants to add F-35s

There’s no business quite like the U.S. arms business and no audience roars louder in approval than Saudi Arabia.

On Tuesday, President Donald Trump is expected to close several deals with Saudi Arabia’s powerful Crown Prince Mohammed bin Salman, a visit that could see billions more in U.S. weapons flow to one of the world’s most prolific importers of military hardware.

Trump told reporters at the White House on Monday that the U.S. will likely move forward with a deal to sell F-35 jets to Saudi Arabia.

The F-35, the crown jewel in Lockheed Martin’s portfolio, is among the most advanced fighter jets in the world and one of the most sought-after symbols of U.S. military might.

Saudi Arabia’s oil-rich monarchy is one of America’s most crucial strategic partners in the Middle East and one of the U.S. defense industry’s most dependable customers.

For Washington, the partnership means billions in defense revenue and a key ally in the Gulf. For Riyadh, it’s a pipeline to the world’s most advanced military technology and a symbol of its ambition to stand shoulder to shoulder with the world’s military powers in a volatile region.

According to a report by the Stockholm International Peace Research Institute, between 2020 and 2024, Saudi Arabia was the top buyer of American-made arms, accounting for 12% of all U.S. weapons exports, followed by Ukraine (9.3%) and Japan (8.8%). The U.S. was also by far the kingdom’s main supplier, providing 74% of all Saudi arms imports during that period.

That level of spending underscores Saudi Arabia’s regional military ambitions, but globally, it’s the U.S. that dominates by an extraordinary margin.

With $997 billion in defense spending in 2024, the U.S. outspent every other nation several times over, investing more than triple what China, the world’s second-largest spender, devoted to its military.

Beyond defense spending, the U.S. also leads the world in arms exports, responsible for nearly half of all major weapons sold globally between 2020 and 2024. In total, 162 nations purchased major weapons systems, but just five importers, Ukraine, India, Qatar, Saudi Arabia and Pakistan, accounted for 35% of global imports, highlighting how concentrated the world’s arms trade remains.

The crown prince serves as the kingdom’s powerful understudy to his 89-year-old father, King Salman. Widely regarded as Saudi Arabia’s de facto ruler, he manages nearly all daily affairs of state and frequently represents the kingdom in international summits and diplomatic meetings.

Tuesday’s meetings will mark the crown prince’s first visit to the White House in more than seven years. 

The two last met in May, when Trump made his first state visit of his second term to Riyadh. He was welcomed with a fighter jet escort, an honor guard wielding golden swords and a parade of Arabian horses flanking his limousine.

It was a scene that captured the enduring spectacle of U.S.–Saudi ties, a partnership as opulent as it is strategic and one that remains vital to both nations’ ambitions.

This post appeared first on FOX NEWS

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Netanyahu calls on neighboring nations to join Israel in ‘expelling Hamas’ from region

Israeli Prime Minister Benjamin Netanyahu is calling on neighboring nations to join in the Jewish state’s fight to expel Hamas out of the region.

‘Israel extends its hand in peace and prosperity to all of our neighbors and calls on them to normalize relations with Israel and join us in expelling Hamas and its supporters from the region,’ Netanyahu’s office wrote on X.

The statement follows the United Nations Security Council’s (UNSC) endorsement of President Donald Trump’s peace plan for Gaza. The council adopted the plan, which would end the war and deploy an international stabilization force, on Monday.

In an address to the council, Waltz described Gaza as ‘a hell on earth’ after two years of conflict, saying the resolution offered the world a chance to replace ‘rubble where schools once stood’ with ‘a path to peace.’ The measure passed 14–0, with two abstentions — including Russia — and was adopted.

‘Voting yes today isn’t just endorsing a plan,’ Waltz said. ‘It’s affirming our shared humanity. A vote against this resolution is a vote to return to war.’

Netanyahu’s office praised the UNSC for adopting the deal and added that Israel believes the ‘plan will lead to peace and prosperity because it insists upon full demilitarization, disarmament and the deradicalization of Gaza.’

Israel also called for the release of the remaining deceased hostages: Ron Gvili, Dror Or and Sudthisak Rinthalak.

In addition to inviting other nations to join in efforts to expel Hamas, Israel also expressed hope that the plan would lead to the expansion of the Abraham Accords, a set of agreements brokered under Trump’s first administration. Countries that have already signed agreements normalizing their relationships with Israel are the United Arab Emirates, Bahrain, Sudan and Morocco.

‘True to President Trump’s vision, this will lead to further integration of Israel and its neighbors as well as expansion of the Abraham Accords. President Trump’s breakthrough leadership will help lead the region to peace and prosperity and a lasting alliance with the United States,’ Netanyahu’s office added.

A senior Trump administration official said in October, as the peace deal was going into effect in Israel and Gaza, that the U.S. was looking at the end of the war as an opportunity to expand the agreements.

‘There’s a lot of positive momentum that will pick up,’ a senior administration official told reporters. ‘Hopefully this will lead to much better sentiment and the opportunity to expand the Abraham Accords — to really just change the tone in the region.’

Fox News Digital’s Morgan Phillips contributed to this report.

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Khanna, Massie, Greene urge Senate to pass Epstein bill unchanged, warn of ‘reckoning’

House lawmakers gearing up to vote Tuesday on a bill that would force the Justice Department to release all its files relating to Jeffrey Epstein are pressuring the Senate to pass the measure without any amendments.

The legislation is coming to the House floor Tuesday afternoon via a mechanism called a discharge petition led by Rep. Ro Khanna, D-Calif., and Rep. Thomas Massie, R-Ky. A discharge petition allows a bill to get a House-wide vote against leaders’ wishes, provided the petition gets support from most lawmakers in the chamber. In this case, the petition last week earned support from most lawmakers in the chamber, including from Rep. Marjorie Taylor Greene, R-Ga.

‘This has never been political. This is not about questions of Trump or Biden. This is a question of doing the right thing for survivors. We’re going to get a vote today. I expect an overwhelming vote in the House of Representatives. And I don’t want the DC swamp playing any games,’ Khanna said Tuesday as he appeared at a press conference alongside Massie, Greene and some of Epstein’s survivors.

‘They need to pass this in the Senate, and they should not amend it. President Trump has said he would sign the Epstein Transparency Act. It’s going to get overwhelming support in the House. It should go straight to the Senate, and it should be signed. No amendments, no adding loopholes. Justice is long overdue,’ he added.

Massie reiterated Khanna’s statements. 

‘As Ro said, don’t muck it up in the Senate. Don’t get too cute,’ Massie warned the upper chamber. ‘We’re all paying attention. If you want to add some additional protections for these survivors, go for it. But if you do anything that prevents any disclosure, you are not for the people, and you are not part of this effort. Do not muck it up in the Senate.’

GOP lawmakers who spoke with Fox News Digital Monday evening said they would vote for the bill and were optimistic their colleagues would as well — though many of them said they still had concerns about how it was written.

It comes after House Speaker Mike Johnson, R-La., who had been against the bill but pushed parallel transparency efforts in Epstein’s case, said he hoped it would undergo material changes when it reached the Senate to give more protection for innocent people whose names may appear in the files against their wishes.

‘These women have fought the most horrific fight that no woman should have to fight, and they did it by banding together and never giving up,’ Greene said Tuesday. ‘And that’s what we did by fighting so hard against the most powerful people in the world, even the President of the United States, in order to make this vote happen today.’

‘I was called a traitor by a man that I fought for five, no, actually, six years for. And I gave him my loyalty for free. I won my first election without his endorsement, beating eight men in a primary, and I’ve never owed him anything. But I fought for him for the policies and for America First,’ Greene said, days after President Donald Trump pulled his endorsement of the Georgia Republican. ‘And he called me a traitor for standing with these women and refusing to take my name off the discharge petition.’

‘Let me tell you what a traitor is,’ Greene added. ‘A traitor is an American that serves foreign countries and themselves. A patriot is an American that serves the United States of America and Americans, like the women standing behind me.’

‘And today, you are going to see probably a unanimous vote in the House to release the Epstein files. But the fight, the real fight will happen after that. While I want to see every single name released so that these women don’t have to live in fear and intimidation, which is something I’ve had a small taste of in just the past few days. Just a small taste,’ she added. ‘They’ve been living it for years, but the real test will be will the Department of Justice release the files, or will it all remain tied up in investigations?’

Khanna also called Tuesday the ‘first day of real reckoning for the Epstein class.’

‘We’re here to stand with forgotten and abandoned Americans against an Epstein class that had no regard for the rules or the laws,’ Khanna continued. ‘Because survivors spoke up, because of their courage, the truth is finally going to come out. And when it comes out, this country is really going to have a moral reckoning.’

‘How did we allow this to happen? There should be no buildings named after people in this Epstein class. There should be no scholarships named after them. They shouldn’t be enjoying the perks of being affiliated with corporations or universities, or writing op-eds or being lionized. And many of the survivors will tell you some of these people still are celebrated in our society. That’s disgusting. There needs to be accountability,’ he also said.

Fox News Digital’s Elizabeth Elkind contributed to this report.

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Mike Johnson reveals how he’ll vote on Epstein files bill led by Trump critic Thomas Massie

Speaker Mike Johnson, R-La., on Tuesday revealed his decision on the House’s forthcoming vote on forcing the Department of Justice (DOJ) to release its files on Jeffrey Epstein.

Johnson told reporters at his weekly press conference that he would vote in favor of the bill, despite concerns about what he saw as lackluster protections for victims and other innocent people whose names may be released against their own wishes.

‘I’m going to vote to move this forward,’ Johnson said.

‘I think it could be close to a unanimous vote, because everybody here, all the Republicans, want to go on record to show their from maximum transparency.’

The vote is expected on Tuesday afternoon at 2 p.m.

The legislation is a bipartisan product by Reps. Ro Khanna, D-Calif., and Thomas Massie, R-Ky. Massie has been known to be a frequent critic of both Johnson and President Donald Trump.

Despite that, Trump gave House Republicans his blessing to vote for the bill on Sunday night. 

House GOP leaders had vehemently opposed the legislation for months, arguing it was written in a way that did not provide sufficient protections for innocents while also claiming it was unnecessary given the ongoing bipartisan investigation into Epstein’s crimes.

That probe, led by the House Oversight Committee, has produced tens of thousands of pages of documents both from the DOJ and Epstein’s estate.

Johnson made clear he still held concerns about the bill’s language and said he hoped it would be changed when the legislation was sent to the Senate.

‘We stated our opposition as long as possible, but we’re also for maximum transparency. So what am I to do as a leader in a situation like this?’ the speaker said.

‘I’m very confident that when this moves forward in the process, if and when it is processed in the Senate — which there’s no certainty that that will be — that they will take the time methodically to do what we have not been allowed to do in the House, to amend this discharge petition and to make sure these protections are there.’

He warned it could have a ‘chilling effect’ on future investigations as well.

‘Who’s going to want to come forward if they think Congress can take a political exercise and reveal their identities? Who’s going to come talk to prosecutors? It’s very dangerous. It would deter future whistleblowers and informants,’ he said. ‘The release of that could also publicly reveal the identity, by the way, of undercover law enforcement officers who are working in future operations.’

Johnson said he brought his concerns to Massie and Khanna but was told, in essence, ‘Jump in the Potomac.’

Massie and Khanna, for their part, held a press conference alongside one of the bill’s GOP supporters, Rep. Marjorie Taylor Greene, R-Ga., on Tuesday morning.

‘Don’t muck it up in the Senate. Don’t get too cute. We’re all paying attention,’ Massie warned. ‘If you want to add some additional protections for these survivors, go for it. But if you do anything that prevents any disclosure, you are not for the people, and you are not part of this effort. Do not muck it up in the Senate.’

This post appeared first on FOX NEWS

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Nicki Minaj praised for spotlighting Christian persecution in Nigeria: ‘Body count is just too high to ignore’

Rap star Nicki Minaj is garnering praise for using her platform to shed light on the persecution of Christians in Nigeria.

Ahead of Minaj’s scheduled appearance at the United Nations with U.S. Ambassador to the U.N. Mike Waltz, Knox Thames, a human rights lawyer, thanked the rapper for the attention that she and other stars, like Bill Maher, have brought to the issue.

‘The challenges in Nigeria have been happening for decades, and they’ve largely been ignored. So I welcome these unsuspecting allies shining a light on this,’ Thames said of the celebrities.

Thames, who served as a State Department special advisor for religious minorities under former President George W. Bush, former President Barack Obama and President Donald Trump, said that in Nigeria, ‘the body count is just too high to ignore.’ While he would not say definitively that what is happening in Nigeria is a genocide, he said it is something that must be addressed.

‘This question of, ‘is there a Christian genocide happening?’ It’s a legal question. Genocide is defined by international law, and scholars will debate that. But what’s undeniable is that in the last 20 years, thousands of Christians have been killed, and the body count is just too high to ignore,’ Thames said.

Trump announced in late October that he was designating Nigeria as a ‘country of particular concern,’ citing the widespread killings of Christians in the West African nation.

‘Christianity is facing an existential threat in Nigeria. Thousands of Christians are being killed. Radical Islamists are responsible for this mass slaughter,’ Trump wrote in a post on Truth Social on Oct. 31. ‘The United States cannot stand by while such atrocities are happening in Nigeria, and numerous other countries. We stand ready, willing, and able to save our great Christian population around the world!’

Following the announcement, Minaj said the president’s statement made her ‘feel a deep sense of gratitude.’

‘Reading this made me feel a deep sense of gratitude. We live in a country where we can freely worship God. No group should ever be persecuted for practicing their religion. We don’t have to share the same beliefs in order for us to respect each other,’ Minaj wrote.

On Tuesday, Minaj will address the United Nations on the issue of the persecution of Nigerian Christians.

Waltz, who said he was a fan of the rapper, said on X, ‘I’m grateful she’s leveraging her massive platform to spotlight the atrocities against Christians in Nigeria, and I look forward to standing with her as we discuss the steps the President and his administration are taking to end the persecution of our Christian brothers and sisters.’

Minaj replied, ‘Ambassador, I am so grateful to be entrusted with an opportunity of this magnitude. I do not take it for granted. It means more than you know. The Barbz and I will never stand down in the face of injustice. We’ve been given our influence by God. There must be a bigger purpose.’

Fox News Digital’s Morgan Phillips contributed to this report.

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East Star and Endeavour Mining to Collaborate on Kazakhstan Gold Assets

East Star Resources (LSE:EST) and Endeavour Exploration announced they have entered into a binding earn-in and joint venture (JV) agreement to advance gold exploration in Kazakhstan.

Endeavour Exploration, a subsidiary of top gold producer Endeavour Mining (LSE:EDV,TSX:EDV,OTCQX:EDVMF), will have the right to earn up to an 80 percent interest in a new JV company via staged investments.

Stage 1 includes a US$5 million payment within two years, equivalent to a 51 percent interest. If an additional US$20 million is given over three years, its interest will increase to 70 percent.

The last 10 percent will be given to Endeavour if it funds and completes a prefeasibility study.

During the initial phase, East Star will act as manager of the JV.

The area of interest for the partnership includes two proven, underexplored mineral belts.

‘This agreement with Endeavour is a transformational milestone for East Star that validates the quality of our exploration programme and provides a clear pathway to unlock the full potential of our gold exploration strategy,” said East Star Resources CEO Alex Walker in a November 13 press release.

While the JV will focus on gold, East Star is also pursuing copper in Kazakhstan.

Its assets include a volcanogenic massive sulfide deposit with a JORC-compliant resource estimate of 20.3 million metric tons at 1.16 percent copper, 1.54 percent zinc and 0.27 percent lead.

An investor webcast is scheduled for Tuesday (November 18) to discuss the terms of the JV.

Both parties will fund the JV company in proportion to their ownership share after the earn-in period.

Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.

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Rio Tinto and Calix to Partner on Zero Emissions Steel Technology Plant

Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO) said on Monday (November 17) that it has signed a joint development agreement with environmental technology company Calix (NYSE:CALX,ASX:CXL) to develop Calix’s Zero Emissions Steel Technology (Zesty) green iron demonstration plant in Western Australia.

If approved, the plant will be built at a site in Kwinana, south of Perth, that was previously earmarked for Rio Tinto’s BioIron research and development facility and associated pilot plant.

Under the deal with Calix, Rio Tinto will invest more than AU$35 million, pending project milestones. Funding from the mining giant will include both in-kind and financial contributions.

The plant received AU$44.9 million in Australian Renewable Energy Agency support in July.

Rio Tinto’s work will include helping Calix reach a final investment decision through technical support, engineering services and advocacy. Subject to a final investment decision and successful project construction, Rio Tinto will provide up to 10,000 tonnes of various Pilbara iron ores for plant commissioning and the initial testing phase.

The miner will also provide introductions to potential customers for downstream use of the Zesty product.

“The world needs low-emissions steel if it is going to decarbonise, and we continue to look at a range of ways Pilbara iron ores can help to do this as new technologies emerge,” said Rio Tinto Iron Ore Chief Executive Matthew Holcz.

He added that Rio Tinto will keep progressing BioIron with its partners, the University of Nottingham and Metso. However, the company has decided that the current furnace design requires additional development.

“Both projects are part of our work to reduce emissions and support the future of iron ore in Australia and the communities that depend on it,’ Holcz added, referring to Zesty and BioIron.

Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.

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InMed Announces Successful Completion of Pharmacokinetic Studies in Large Animal Model for Its Alzheimer’s Disease Candidate INM-901

  • Data will support design and planning of first in human clinical trials
  • Preparing for pre-IND meeting with the FDA

InMed Pharmaceuticals Inc. (NASDAQ: INM) (‘InMed’ or the ‘Company’), a pharmaceutical company developing a pipeline of proprietary small-molecule drug candidates for diseases with high unmet medical needs, today announced the successful completion of pharmacokinetic (‘PK’) studies in large animal models for its Alzheimer’s disease candidate INM-901.

This marks the first preclinical study in which the oral formulation of INM-901 was administered in large animals. The results provide additional data in guiding decisions in the design of a human Phase 1 clinical trial program.

Positive PK and Neurological Assessment Results

Over a seven-day dosing period, the studies demonstrated robust bioavailability in in vivo models. INM-901 achieved what is anticipated to be therapeutic levels of systemic exposure, supporting its potential utility in neurodegenerative disorders such as Alzheimer’s disease.

In addition, neurological assessments evaluating general attitude, behavior, and motor function revealed no adverse neural or behavioral effects, reinforcing the compound’s favorable profile and supporting its continued advancement toward first-in-human clinical trials.

In parallel, InMed has completed additional chemistry, manufacturing, and controls (‘CMC’) development to scale the INM-901 manufacturing process in preparation for Investigational New Drug (‘IND’)-enabling studies and regulatory interaction with the Food and Drug Administration (‘FDA’).

Dr. Eric Hsu, Senior Vice President, Preclinical Research and Development at InMed, commented, ‘The successful completion of our first large animal PK study is very encouraging for the INM-901 program. The data supports the clinical applicability of our INM-901 oral formulation and provides important insights as we plan and design our IND-enabling studies and Phase 1 clinical trials. Furthermore, the neurological assessments strengthen our confidence in the compound’s overall safety profile.’

Next development steps:

  • Advancing CMC activities for scale-up and supply
  • Dose ranging studies in two species
  • Preparing for a pre-IND meeting with the FDA
  • GLP-enabling studies to support an IND submission

To learn more about the INM-901program, please visit the website at: https://www.inmedpharma.com/pharmaceutical/inm-901-for-alzheimers-disease/.

About InMed:

InMed Pharmaceuticals is a pharmaceutical drug development company focused on developing a pipeline of proprietary small molecule drug candidates targeting the CB1/CB2 receptors. InMed’s pipeline consists of three separate programs in the treatment of Alzheimer’s, ocular and dermatological indications. For more information, visit www.inmedpharma.com.

Investor Contact:
Colin Clancy
Vice President, Investor Relations
and Corporate Communications
T: +1.604.416.0999
E: ir@inmedpharma.com

Cautionary Note Regarding Forward-Looking Information:

This news release contains ‘forward-looking information’ and ‘forward-looking statements’ (collectively, ‘forward-looking information’) within the meaning of applicable securities laws. Forward-looking statements are frequently, but not always, identified by words such as ‘expects’, ‘anticipates’, ‘believes’, ‘intends’, ‘potential’, ‘possible’, ‘would’ and similar expressions. Such statements, based as they are on current expectations of management, inherently involve numerous risks, uncertainties and assumptions, known and unknown, many of which are beyond our control. Forward-looking information is based on management’s current expectations and beliefs and is subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Without limiting the foregoing, forward-looking information in this news release includes, but is not limited to, statements about: the efficacy of INM-901; the favorable bioavailability profile of INM-901 oral formulation; planning and preparation for pre-IND meeting with the FDA; positive results demonstrating robust bioavailability of INM-901; no adverse neural or behavioral effects using INM-901; the clinical applicability of our INM-901 oral formulation; INM-901’s overall safety profile and next development steps including advancing CMC, dose ranging and GLP studies.

Additionally, there are known and unknown risk factors which could cause InMed’s actual results, performance, or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. A complete discussion of the risks and uncertainties facing InMed’s stand-alone business is disclosed in InMed’s Annual Report on Form 10-K and other filings with the Securities and Exchange Commission on www.sec.gov.

All forward-looking information herein is qualified in its entirety by this cautionary statement, and InMed disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/274918

News Provided by Newsfile via QuoteMedia

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VVC – Strategic Exit of Gloria Copper Project in Mexico

VVC Exploration Corporation, dba VVC Resources (‘VVC’ or the ‘Company’) (TSX-V: VVC; OTC: VVCVF) announces that, after a project review, it is strategically restructured its mining projects in Mexico.

This project review encompassed multiple considerations, including ongoing maintenance costs, permitting authorizations, political climate, safety, upside potential and financeability of each project and probability of achieving the projects potential.

After this review, the Company has decided to:

  • Exit the Gloria Copper Project located near Samalayuca, State of Chihuahua, Mexico. This long-standing project of the Company is expensive to maintain and is in an area that has become more politically volatile with uncertain safety. The geological potential of the project is not in question, but the ability to achieve that potential is unclear.
  • Focus all mining exploration activity on the Cumeral Gold Project. Cumeral is the Company’s highly prospective gold project in north central Sonora Mexico. This project, while not as advanced as the Gloria Copper Project, has a huge upside potential. It is in an area where there is strong local support for the project and a higher likelihood of permitting and implementation success. The Cumeral Gold Project is a 1,665-hectare property in northern Sonora near Imuris which exhibits quartz-vein–hosted gold in a detachment-fault/orogenic setting with a documented NNW–SSE mineralized trend of ~4 km. Historical work reported that ~36% of 407 grab/chip samples assayed 0.1–10 g/t Au; soil surveys outlined additional anomalies (47 samples >0.020 ppm Au); and air-track drilling intersected broad, near-surface intervals of 0.21–0.44 g/t Au over 6–26 m in key target areas. The Company will continue activities on the Cumeral Gold Project.

Rationale and Next Steps
The Company’s decision reflects consideration of cost discipline, safety and risk management. The exit from the Gloria Copper Project will reduce future cash outlays for care, maintenance, and permitting at amid uncertainty over permit viability and broader political conditions in Chihuahua State. Capital and management resources will be reallocated to the Cumeral Gold Project exploration, and to development of the Company’s helium/natural gas project in the Central Kansas Uplift (CKU) Project where existing infrastructure and near-term activities offer a clearer path to execution.

« There are opportunity costs in every project, » said Jim Culver, CEO. « Exiting the Gloria Copper Project will allow the Company to concentrate resources on projects with an obvious direct and timely route to advancing development while maintaining discipline on risk and spending. »

About VVC Resources
VVC engages in the exploration, development, and management of natural resources – specializing in scarce and increasingly valuable materials needed to meet the growing, high-tech demands of industries such as manufacturing, technology, medicine, space travel, and the expanding green economy. Our portfolio includes a diverse set of multi-asset high-growth projects, comprising: Helium & industrial gas production in western U.S.; Gold & associated metals operations in northern Mexico; and Strategic investments in carbon sequestration and other green energy technologies. VVC is a Canada-based, publicly-traded company on the TSXV (TSX-V:VVC). To learn more, visit our website at: www.vvcresources.com .

On behalf of the Board of Directors
Michel J. Lafrance, Secretary-Treasurer
For further information, please contact:
Emily Bigelow – (615) 504-4621 Patrick Fernet – (514) 631-2727 (French)
E-mail: emily@vvcresources.com E-mail: pfernet@vvcexploration.com


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

2369 Kingston Road, PO Box 28059 Terry Town, Scarborough, ON M1N 4E7 – Tel: 416-619-5304

Forward-Looking Statements

This news release contains ‘forward-looking information’ (within the meaning of applicable Canadian securities laws) and ‘forward-looking statements’ (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995). Such statements are generally identified by words such as ‘anticipate’, ‘believe’, ‘expect’, ‘plan’, ‘intend’, ‘potential’, ‘estimate’, ‘propose’, ‘project’, ‘outlook’, ‘foresee’, ‘strategy’, ‘success’ or similar words suggesting future outcomes or statements regarding an outlook. Such statements include, among others: « Exit the Gloria Copper Project … ; Focus all mining exploration activity on the Cumeral Gold Project.; The Company will continue activities on the Cumeral Gold Project.; The exit from Gloria … will reduce future cash outlay … ; … resources will be reallocated to Cumeral … ; to concentrate resources … to advancing development … ».

Such forward-looking information or statements are based on several risks, uncertainties, and assumptions which may cause actual results or other expectations to differ materially from those anticipated and which may prove to be incorrect. Assumptions have been made regarding, among other things, management’s expectations regarding future project development and growth, timing and completion of asset divestitures, market conditions for copper, gold, helium, or gas, availability of capital, and the necessity to incur capital and other expenditures. Actual results could differ materially due to a number of factors, without limitation, operational risks in completing anticipated transactions, delays or changes in plans with respect to the development or divestiture of projects, risks affecting the ability to obtain regulatory or governmental approvals, political or permitting risks in Mexico or the United States, the ability to attract key personnel, and fluctuations in commodity prices. No assurances can be given that the efforts by the Company will be successful.

Although the Company believes that the expectations reflected in the forward-looking information or statements are reasonable, prospective investors in the Company’s securities should not place undue reliance on forward-looking statements because the Company can provide no assurance that such expectations will prove to be correct. Forward-looking information and statements contained in this news release are as of the date of this news release, and the Company assumes no obligation to update or revise this forward-looking information and statements, except as required by law. Investors are cautioned that notwithstanding the expectations described herein, there can be no assurance that the plans described herein will be completed as proposed. Trading in the securities of VVC should be considered highly speculative. All forward-looking statements contained in this press release are expressly qualified in their entirety by these cautionary statements and by those made in our filings with SEDAR+ in Canada (available at www.sedarplus.ca ).

News Provided by GlobeNewswire via QuoteMedia

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Cartier Metallurgical Testwork Program is Underway at Cadillac

Cartier Resources Inc. (″ Cartier ″ or the ″ Company ″) (TSXV: ECR,OTC:ECRFF; FSE: 6CA) is pleased to announce that metallurgical testwork program is underway on samples of the Main Sector from its Cadillac Project, located in Val-d’Or (Abitibi, Quebec). This work will be supervised by Soutex, a firm specializing in mineral processing and metallurgy, located in Quebec City (Quebec).

Methodology of the Metallurgical Testwork Program

A total of 388.7 kg of representative NZ-size half-drill core samples, which 92% of the samples come from holes drilled by Cartier between 2017 and 2023, has been collected from three gold deposits (Chimo, East Chimo and West Nordeau) of the Main Sector (Figure 1) and shipped to ALS Canada Ltd – Metallurgy Services in Kamloops, British Columbia; the details and process of which are provided below:

  • Chimo Deposit: 126.1 kg (composites 1 & 2).
  • East Chimo Deposit: 132.6 kg (composites 3 & 4).
  • West Nordeau Deposit: 130.0 kg (composites 5 & 6).

Figure 1 : Geographic Location of the Composites

The preparation and testing process of the composites of the three deposits will be subject to cyanidation tests at three different grind sizes. After these tests, gravimetric concentration separation followed by a cyanide destruction tests of the gravity tails will be done at the grind size showing the best results. In addition to the metallurgical program, comminution test, as well as chemical and mineralogical characterization, will also be performed to define the grindability of the mineralized material and predict his behaviour in the process (Figure 2).

Figure 2 : Material Preparation and Testing Flowchart of the Composites

Key Objectives of the Program

  • Defining expected gold recovery rates and improving upon historical results from the Chimo deposit.
  • Establishing first-time metallurgical recovery data for the East Chimo and West Nordeau satellite deposits, where no previous data exists.
  • Supporting the development of an integrated process flowsheet .
  • Providing critical data for future trade-off studies to guide project development.

Results from the metallurgical testwork program are expected in Q1 2026 (Figure 3).

Figure 3 : Planned Test Schedule

Milestones of 2025-2027 Exploration Program

100,000 m Drilling Program (Q3 2025 to Q2 2027)

The ambitious 600-hole drilling program will both expand known gold zones and test new shallow surface high-potential targets. The objective is to unlock the camp-scale, high-grade gold potential along the 15 km Cadillac Fault Zone. It is important to note that Cartier’s recent consolidation of this large land holding offers the unique opportunity in over 90 years for unrestricted exploration.

Environmental Baseline Studies & Economic Evaluation of Chimo mine tailings (Q3 2025 to Q3 2026)

The baseline studies will be divided into two distinct parts which include 1) environmental baseline desktop study and 2) preliminary environmental geochemical characterization. The initial baseline studies will provide a comprehensive understanding of the current environmental conditions and implement operations that minimize environmental impact while optimizing the economic potential of the project. These studies will be supplemented by an initial assessment of the economic potential of the past-producing Chimo mine tailings to determine whether a quantity of gold can be extracted economically.

Qualified Person

The scientific and technical content of this press release has been prepared, reviewed and approved by Mr. Ronan Déroff, P.Geo., M.Sc., Vice President Exploration, who is a ″Qualified Person″ as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (″NI 43-101″).

About Soutex

Soutex is a consulting firm in mineral processing and metallurgy that offers specialized services, from the initial stages of development on paper to the daily operations of the processing plant. Their designs stem from their solid experience in providing plant operations support. This support is based on their knowledge of fundamental ore processing principles and their in-plant experience. Founded in 2000 and having offices in Canada (Quebec and Longueuil) and Germany (Munich), Soutex comprises more than 40 metallurgists, process engineers, and technicians, making it one of the largest groupings of specialists in the field in Canada. Services have been offered to clients located across Canada and abroad (West Africa, United States, Finland, New Caledonia, Suriname, and Madagascar).

About Cadillac Project

The Cadillac Project, covering 14,000 hectares along a 15-kilometre stretch of the Cadillac Fault, is one of the largest consolidated land packages in the Val-d’Or mining camp. Cartier’s flagship asset integrates the historic Chimo Mine and East Cadillac projects, creating a dominant position in a world class gold mining district. With excellent road access, year-round infrastructure and nearby milling capacity, the project is ideally positioned for rapid advancement and value creation.

Using a gold price of US$1,750/oz, a Preliminary Economic Assessment demonstrated the economic viability of a 2-km segment, compared to the 15 km that will be the subject of the 100,000 m drilling program, with an average annual gold production of 116,900 oz over a 9.7-year mine life. Indicated resources are estimated at 720,000 ounces (7.1 million tonnes at 3.1 g/t Au) and inferred resources at 1,633,000 ounces (18.5 million tonnes at 2.8 g/t Au). Please see the NI 43-101 ″Technical Report and Preliminary Economic Assessment for Chimo Mine and West Nordeau Gold Deposits, Chimo Mine and East Cadillac Properties, Quebec, Canada, Marc R. Beauvais, P.Eng., of InnovExplo Inc., Mr. Florent Baril of Bumigeme and Mr. Eric Sellars, P.Eng. of Responsible Mining Solutions″ effective May 29, 2023.

About Cartier Resources Inc.

Cartier Resources Inc., founded in 2006 and headquartered in Val-d’Or (Quebec) is a gold exploration company focused on building shareholder value through discovery and development in one of Canada’s most prolific mining camps. The Company combines strong technical expertise, a track record of successful exploration, and a fully funded program to advance its flagship Cadillac Project. Cartier’s strategy is clear: unlock the full potential of one of the largest undeveloped gold landholdings in Quebec.

For further information, contact:
Philippe Cloutier, P. Geo.
President and CEO
Telephone: 819-856-0512
philippe.cloutier@ressourcescartier.com
www.ressourcescartier.com

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

Photos accompanying this announcement are available at:

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