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Quimbaya Gold Inc. (CSE: QIM,OTC:QIMGF) (OTCQB: QIMGF) (FSE: K05) (‘Quimbaya’ or the ‘Company’) is pleased to announce the closing of its previously announced ‘bought deal’ private placement, with Stifel Canada (the ‘Underwriter’) as sole underwriter and bookrunner, pursuant to which the Underwriter purchased 20,585,000 units of the Company (each, a ‘LIFE Unit’) at a price of C$0.70 per LIFE Unit, with a right to arrange for substituted purchasers, pursuant to the listed issuer financing exemption (‘LIFE Exemption’), for aggregate gross proceeds to the Company of C$14,409,500 including the full exercise of the Underwriter’s over-allotment option (the ‘Offering’).

Each LIFE Unit is comprised of one common share (each, a ‘Common Share‘) and one-half of one common share purchase warrant (each whole warrant, a ‘Warrant‘) of the Company. Each Warrant is exercisable to acquire one additional Common Share (each, a ‘Warrant Share‘) for a period of 36 months following the closing date of the Offering at an exercise price of C$1.00 per Warrant Share.

The net proceeds of the Offering are expected to be used to advance the Company’s exploration programs, including drilling at the Tahami South project and follow-up work on regional copper-gold and gold targets, as well as for general working capital.

The Offering was made pursuant to the LIFE Exemption available under National Instrument 45-106 – Prospectus Exemptions, in each of the provinces of Canada, other than Québec. The LIFE Units were also offered and sold in certain offshore jurisdictions pursuant to available prospectus or registration exemptions in accordance with applicable laws. The LIFE Units issued to substituted purchasers under the LIFE Exemption are not subject to a statutory hold period pursuant to applicable Canadian securities laws.

In consideration for its services, the Underwriter received a cash commission equal to C$722,769.60 and was issued 1,118,208 broker warrants (each, a ‘Broker Warrant‘). Each Broker Warrant entitles the holder thereof to purchase one Common Share (each, a ‘Broker Share‘) for a period of 36 months following the closing date of the Offering at an exercise price of C$0.70 per Broker Share. An eligible finder also received a cash commission of $59,976.

The securities referred to in this news release have not been and will not be registered under the United States Securities Act of 1933, as amended (the ‘U.S. Securities Act‘), or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, ‘U.S. Persons’ (as such term is defined in Regulation S under the U.S. Securities Act) absent such registration or an applicable exemption from the registration requirements of the U.S. Securities Act. This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the Company and management, as well as financial statements.

About Quimbaya Gold Inc.

Quimbaya aims to discover gold resources through exploration and acquisition of mining properties in the prolific gold mining districts of Colombia. Managed by an experienced team in the mining sector, Quimbaya is focused on three projects in the regions of Segovia (Tahami Project), Puerto Berrio (Berrio Project), and Abejorral (Maitamac Project), all located in Antioquia Province, Colombia.

For further information, contact:

Alexandre P. Boivin, President and CEO
apboivin@quimbayagold.com

Sebastian Wahl, VP Corporate Development
swahl@quimbayagold.com

Cautionary Note Regarding Forward-looking Information

This press release contains ‘forward-looking information’ within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, the Company’s intended use of the net proceeds of the Offering, the receipt of all necessary regulatory approvals, including the final acceptance of the Canadian Securities Exchange, any exercise of the Warrants and Broker Warrants, the Company’s exploration and development plans and the Company’s business objectives. Generally, forward-looking information can be identified by the use of forward-looking terminology such as ‘plans’, ‘expects’ or ‘does not expect’, ‘is expected’, ‘budget’, ‘scheduled’, ‘estimates’, ‘forecasts’, ‘intends’, ‘anticipates’ or ‘does not anticipate’, or ‘believes’, or variations of such words and phrases or state that certain actions, events or results ‘may’, ‘could’, ‘would’, ‘might’ or ‘will be taken’, ‘occur’ or ‘be achieved’. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Quimbaya, as the case may be, to be materially different from those expressed or implied by such forward-looking information, including but not limited to: the Company’s exploration and other activities proceeding as expected; general business, economic, competitive, geopolitical and social uncertainties; the actual results of current exploration activities; risks associated with operating in foreign jurisdictions; future planned development and other activities on the Company’s mineral properties; an inability to finance the Company; obtaining required permitting on the Company’s mineral properties in a timely manner; any adverse changes to the planned operations of the Company’s mineral properties; failure by the Company for any reason to undertake expected exploration programs; achieving and maintaining favourable relationships with local communities; mineral exploration results that are poorer or better than expected; prices for gold remaining as expected; currency exchange rates remaining as expected; availability of funds for the Company’s projects; prices for energy inputs, labour, materials, supplies and services (including transportation); no labour-related disruptions; no unplanned delays or interruptions in scheduled construction and production; all necessary permits, licenses and regulatory approvals are received in a timely manner; the Company’s ability to comply with environmental, health and safety laws; and other risks inherent in the mining industry. Although Quimbaya has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Furthermore, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or information. Readers are cautioned not to place undue reliance on forward-looking information as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Forward-looking information contained in this news release is expressly qualified by this cautionary statement. The forward-looking information contained in this news release represents the expectations of Quimbaya as of the date of this news release and, accordingly, is subject to change after such date. Except as required by law, Quimbaya does not expect to update forward-looking statements and information continually as conditions change.

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT AUTHORIZED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/273125

News Provided by Newsfile via QuoteMedia

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Global gold producers reported robust third-quarter earnings on the back of record bullion prices.

The yellow metal surged to its all-time high of US$4,379.13 on October 17, 2025, coming off the back of rising geopolitical and economic tensions that reignited safe-haven demand.

The metal broke through the US$4,000 mark earlier in the month and continued climbing as investors sought refuge from mounting uncertainty. The strength of results across the sector also mirrored a broader pattern described by the World Gold Council’s latest quarterly review, which showed record-high global gold demand and supply in the third quarter of 2025.

Yet while financial results reached new highs, several producers cautioned that disruptions, higher royalties, and safety incidents could temper momentum going into 2026.

Agnico Eagle hits record earnings

Agnico Eagle Mines (TSX:AEM,NYSE:AEM) delivered the strongest quarter in its history, reporting record adjusted net income of US$1.09 billion, or US$2.16 per share, on revenue of US$3.06 billion—beating analyst expectations of US$2.95 billion.

Production was led by the Meadowbank and LaRonde complexes, and by the end of September the company had already achieved 77 percent of its full-year output target. Agnico sold its gold at an average realized price of US$3,476 per ounce, far above its US$2,500 planning assumption.

“We’re reporting record financial results, driven by, of course, record gold prices, but coupled with strong and consistent operational performance,” Chief Executive Ammar Al-Joundi said during the earnings call.

Agnico said its balance sheet is now the strongest in company history, with US$2.2 billion in net cash following US$400 million in debt repayment and US$350 million returned to shareholders.

The miner also reaffirmed its 2025 production guidance of 3.3 to 3.5 million ounces, citing stable operations and ongoing investments in five key pipeline projects and what Al-Joundi called an “exceptional exploration program.”

Newmont generates record-free cash flow, starts up Ahafo North

Denver-based Newmont (NYSE:NEM,ASX:NEM) also reported a standout quarter, generating a record US$1.6 billion in free cash flow that marked its fourth consecutive quarter exceeding the US$1 billion mark.

The world’s largest gold miner produced approximately 1.4 million attributable ounces of gold and 35,000 tonnes of copper, achieving adjusted earnings of US$1.71 per share.

The quarter also saw the formal start of commercial production at Newmont’s Ahafo North project in Ghana’s Afrisipakrom region, roughly 50 kilometers from the company’s existing Ahafo South operation.

Ahafo North poured first gold in September and is expected to produce about 50,000 ounces by year-end before ramping up to between 275,000 and 325,000 ounces annually over a 13-year mine life. Combined with Ahafo South, the complex is projected to yield roughly 750,000 ounces of gold per year once fully integrated.

Newmont said it remains on track to meet its 2025 production and cost targets, aided by US$640 million in asset and equity sale proceeds during the quarter.

Newmont’s Chief Executive Tom Palmer, who will retire at year-end, also expressed confidence that his successor, Natascha Viljoen, will sustain the company’s operational and financial discipline going into 2026.

Franco-Nevada logs record revenue as portfolio expansion pays off

Royalty and streaming giant Franco-Nevada (TSX:FNV,NYSE:FNV) reported record revenue of US$487.7 million for the third quarter, up 77 percent from a year earlier, as higher gold prices and recent acquisitions boosted returns.

The company sold 138,772 gold-equivalent ounces (GEOs), including 11,208 GEOs related to stockpiled copper concentrate from the suspended Cobre Panama mine. Franco-Nevada said it remains debt-free after repaying borrowings used for the Arthur Gold royalty acquisition in July.

“Our deep portfolio of producing, development and exploration stage royalties on primary gold assets is well positioned to grow organically in this strong gold price environment,” Chief Executive Paul Brink said.

While Cobre Panama remains in a preservation phase following its closure last year, the site’s power plant is expected to restart in the fourth quarter after a government-approved maintenance and audit process.

Franco-Nevada noted that it expects about 1,000 additional GEOs from the project in late 2025 or early 2026 as operations gradually resume.

Freeport-McMoRan faces setback after Grasberg fatalities

Freeport-McMoRan (NYSE:FCX) posted third-quarter net income of US$674 million, or US$0.46 per share, with adjusted earnings of US$0.50, supported by solid copper prices and cost discipline.

However, the company’s otherwise strong results were overshadowed by a deadly mud rush at its Grasberg mine in Indonesia in September that killed seven workers and halted production.

“Our strong third-quarter 2025 results were overshadowed by the tragic incident at our Grasberg operation in September,” President and CEO Kathleen Quirk said in the company’s quarterly report. “The entire FCX organization is grieving for our coworkers lost in this accident and we remain steadfast in our commitment to prioritize the safety of our workforce above all else.”

The incident forced a temporary suspension of mining and smelting activities at the site, cutting production by 4 percent relative to prior guidance. Freeport’s consolidated production totaled 912 million pounds of copper and 287,000 ounces of gold for the quarter.

The company now expects minimal Indonesian output for the remainder of the year as cleanup and damage assessments continue.

Freeport said it expects to complete mud removal by year-end and is evaluating a phased restart of unaffected underground mines in late 2025, with a broader ramp-up through 2026.

Zijin rides gold rally to record profit

China’s Zijin Mining Group (OTC Pink:ZIJMF) capped the strong quarter for global producers with a sharp 55 percent year-on-year surge in net profit attributable to shareholders, reaching approximately US$5.22 billion for the first nine months of 2025.

Revenue rose 10 percent driven by gold production of 65 tonnes, up 20 percent from last year, and copper output of 830,000 metric tons.

The company’s market capitalization has climbed to roughly US$110.1 billion, ranking it among the world’s three largest mining firms.

Its Hong Kong–listed subsidiary, Zijin International Gold, which focuses on overseas gold operations, has seen its stock price double since debuting on September 30 in what became the largest IPO ever for a gold miner, raising US$3.68 billion

Zijin also completed several major acquisitions this year, including the Akyem gold mine in Ghana and the Raygorodok gold mine in Kazakhstan, while continuing construction on the Julong copper mine’s second phase, expected to start production by the end of 2025.

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

This post appeared first on investingnews.com

Kimberly-Clark said on Monday it will buy Tylenol maker Kenvue KVUE.N in a cash-and-stock deal valued at about $48.7 billion, to create one of the biggest consumer health goods companies in the United States.

Shares of Kenvue were up 18% in premarket trading, while Kimberly-Clark‘s shares were down 12.5%.

Kenvue has been under a strategic review, leadership shake-up, and mounting litigation risks. It came under fresh scrutiny following President Donald Trump’s comments linking its popular pain medicine Tylenol to autism.

The deal will bring together brands including Neutrogena, Huggies and Kleenex under a consumer health and personal care company with expected combined annual revenues of roughly $32 billion.

Sources in June told Reuters the strategic review of its operations could include a sale or breakup of the company that had been spun off from healthcare conglomerate Johnson & Johnson JNJ.N in 2023.

Kenvue‘s shareholders will receive $3.50 per share and 0.15 Kimberly-Clark shares for each Kenvue share held. That implies a per-share deal value of $21.01, or an equity value of $40.32 billion, according to Reuters calculations.

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Late morning was sleepy but bright in Harlem Sunday as Democrat mayoral candidate Zohran Mamdani gave remarks at the First Corinthian Baptist Church for some last-minute outreach to the Black community.

Just down the street, about 50 people were gathered to learn how to canvass for, and get a pep talk from, Mamdani, along with a row of TV cameras and some milling members of the press. One man walked by chanting ‘Cuomo, Cuomo,’ mostly to amusement from the crowd.

Suddenly, there he was, walking up the sidewalk with his entourage. A school bus driver screamed, ‘Zohran’ and the quick candidate pivoted over to the bus, and took a step up for a hug and a selfie.

It was the first time I had ever seen Mamdani in person, and the bad news for those of us who abhor socialism is that this 34-year-old candidate has some serious political chops, effortlessly and effervescently pressing the flesh with his trademark toothy smile.

‘He’s very polished,’ Matt, in his early 30s told me as we watched him take a few questions from what seemed to be pre-chosen reporters. I tried to ask him one but was ignored in my Fox News Digital vest. But that was OK. I was more interested in asking Matt and his friends questions.

They had just stumbled upon the event, and when I asked Matt to expand a bit on his thought, he told me, ‘He looks and sounds like a politician.’ I asked if that was a good or bad thing He just smiled and shrugged, but then added, ‘He also looks really young.’

Matt’s friend Cam told me, ‘He has a lot of appeal to the young people,’ I couldn’t quite gather if the millennial included himself in that category. He went on to say, ‘and that’s good. It’s time for the young people’s ideas to be tried now.’

In chatting with a few of the soon-to-be canvassers, there was an almost joyous quality about them. ‘We are all just so excited for him,’ one told me. Another added: ‘I’ve never felt this way about a candidate before.’

The canvassers, mostly on the young side, looked much more like gentrifiers than lifelong residents of Harlem, but that is, after all, now also a part of the historic Black neighborhood’s 21st Century identity.

Andrew Cuomo needs not just to win the Black vote on Tuesday to have any chance, he needs it to come out in massive numbers. Chad, who I met on the corner outside a bodega was trying his best to help.

I noticed him when I caught the tail end of a yelling match with an older Black woman. I saw he was handing out flyers, and had assumed it was for Mamdani. In fact, he was out there pushing campaign materials for Cuomo.

He told me he had been in New York all his life, and he wasn’t ready for the kind of change Mamdani is proposing. ‘Free stuff,’ Chad said with disdain. ‘It takes money to keep the lights on…I’m sick of hearing about people getting stuff for free, free, free, what about the children? What about the educational system?’

I asked him about the confrontation with the woman and he said, ‘I get that all the time. Some people just hate him, and feel free to be abusive towards me.’

I told him to keep a stiff upper lip, that what he was doing was important and how democracy works. He said, ‘Thanks, I needed to hear that.’

I was glad I could be consoling, but also understood instantly what a warning sign for Cuomo his account was. If older Black women in Harlem are giving him the business for supporting the former governor, then Cuomo’s backstop may not be as secure as it seems.

At the end of the day, for better or worse, political campaigns run on enthusiasm. For as much clear good sense as Chad made in his defense of Cuomo, the enthusiasm gap I have seen in the last few days on the ground is Grand Canyon sized.

Maybe there is a silent majority, or in this case a plurality, ready to quietly pour into voting booths and fill in the little circle for Cuomo. But if so, at least thus far, they are doing a very good job of hiding.

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During my final overseas CIA assignment as a station chief in a South Asian war zone, our team was ruthlessly focused on detecting and preempting terrorist threats long before they could inflict harm on the U.S. homeland. We conducted plenty of clandestine operations unilaterally, but we also worked in close partnership with the host government’s intelligence service. We did not always agree on everything, but we enjoyed a robust exchange of intelligence on our mutual adversaries, shared analytical judgments and collaborated on a number of joint tactical counterterrorism operations.

On one occasion, our CIA team successfully found and fixed the location of a senior al Qaeda terrorist on the FBI Most Wanted list for having planned terrorist attacks. We shared our sensitive intelligence with the host government, whose military launched a well-planned raid and killed the al Qaeda terrorist during a firefight.

If there was one thing I learned at CIA, especially when it came to counterterrorism operations, it’s that our allies can be a tremendous force multiplier for our sacred mission of keeping our country safe from those who seek to do us harm.

Today, the Trump administration is applying a similar strategy for ensuring secure critical minerals supply chains and de-risking from Communist China, which is the world’s leading miner and processor of rare earths. China has made it a practice of extorting its commercial adversaries by restricting its exports of critical minerals.

Rare earth minerals are essential for making semiconductors, motors and fighter jets, all critical for our national security. The last thing we would want is to have to rely on Communist China for the supply.

China’s brazenly unfair trade practices involve dumping on the global market its massive, excess production of rare earths deliberately to drive prices down and force competitor mining companies out of business, thereby eliminating any long-term competition.

But the Trump administration has deployed a counter playbook to reduce China’s influence over rare earth markets. Rightly concerned that China is seeking to control the global economy by imposing its will on the high technology supply chain, Trump recently signed an $8-billion rare-earth mineral deal with Australian Prime Minister Anthony Albanese. And during his recent trip to Asia, Trump signed rare earth deals with Thailand and Malaysia.

The Trump administration also deftly applies the same principle of de-risking to critical materials and minerals including polysilicon, a pure form of silicon essential for the production of microchips and integrated circuits. Seeking to minimize the risk of China’s dominant global market share of polysilicon, the Trump administration smartly relies on NATO member Germany for the bulk of our polysilicon imports.

Further, the Trump administration is investigating national security threats posed by imports from other countries, including, but not exclusively, those linked to China. China dominates global polysilicon through state subsidies, deliberate overproduction and other nefarious trade practices — a familiar Chinese Communist Party playbook used on strategic materials.

‘If an enemy has alliances,’ Chinese philosopher Sun Tzu wrote, ‘the problem is grave and the enemy’s position strong.’

The U.S. is leading the way by building a global network for key technology components, which are vital to protecting our national security from Communist Chinese mercantilist aggression.

Dictators like Chinese President Xi Jinping want their enemies to be weak and divided. That’s because together the U.S. and our commercial partners are stronger and more able to protect internationally recognized borders, freedom of navigation and free trade on which the U.S. and global economy rely.

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President Donald Trump indicated that he did not direct the Justice Department to target former FBI Director James Comey, former National Security Advisor John Bolton and New York State Attorney General Letitia James.

During ’60 Minutes’ interview, CBS News’ Norah O’Donnell noted the three figures have been indicted and asked Trump whether those are cases of ‘political retribution.’

‘You know who got indicted? The man you’re looking at. I got indicted. And I was innocent,’ Trump fired back.

O’Donnell pressed Trump on the matter, asking whether he directed the Department of Justice to target those people.

‘No. You don’t have to instruct ’em because they were so dirty, they were so crooked, they were so corrupt, that the honest people we have — Pam Bondi’s doing a very good job, Kash Patel’s doing a very good job — the honest people that we have go after ’em automatically,’ he said.

The president called out Comey, James and Senate Democrat Adam Schiff in a September Truth Social post highlighted by ’60 Minutes.’

‘Pam: I have reviewed over 30 statements and posts saying that, essentially, ‘same old story as last time, all talk, no action. Nothing is being done. What about Comey, Adam ‘Shifty’ Schiff, Leticia??? They’re all guilty as hell, but nothing is going to be done,” the president declared in part of the post.

‘We can’t delay any longer, it’s killing our reputation and credibility. They impeached me twice, and indicted me (5 times!), OVER NOTHING. JUSTICE MUST BE SERVED, NOW!!!’ he asserted in another portion of the post.

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The Senate returns to Washington, D.C., this week as the government shutdown nears a record-shattering milestone and as lawmakers remain entrenched in their positions.

Come late Tuesday night, the government shutdown will officially become the longest on record, at 36 days, smashing through the previous record etched into the history books in early 2019. And while that record approaches, and payday deadlines are missed and federal benefits dry up, the Senate is still largely in a holding pattern.

Still, there was newfound optimism among some lawmakers as bipartisan talks increased last week, and many hope that same momentum carries into this week.

But for now, neither side is budging from the positions they’ve maintained since Oct. 1, when the shutdown officially began.

Senate Minority Leader Chuck Schumer, D-N.Y., and his Democratic caucus want a deal on expiring Obamacare premium subsidies before they agree to reopen the government. Saturday was when open enrollment officially began nationwide.

They’ve long warned that unless a deal was made before open enrollment, Americans that rely on the subsidies would see their premiums spike, despite the subsidies not expiring until the end of this year.

‘People are going to see drastic, drastic increases in their healthcare costs,’ Schumer said last week. ‘People are going to sit at the dinner table Friday night with a pit, with a hole in the pit of their stomach, and say, ‘How are we going to do this?’’

Senate Republicans largely agree that there needs to be an extension of some kind to the subsidies, but they also want a host of reforms made to the program that was enhanced under former President Joe Biden.

And Senate Majority Leader John Thune, R-S.D., has offered Senate Democrats a vote on the Obamacare subsidies, but they say that’s not enough and demand that President Donald Trump get involved.

Trump officially returned to the country after a near weeklong trip to Asia but still appears to be keeping the shutdown at an arm’s length.

While Schumer and his Democratic caucus’ demands have remained laser-focused on expiring Obamacare subsidies, they have also blamed Trump for not funding federal food benefits as he did in 2019, and Schumer and House Minority Leader Hakeem Jeffries, D-N.Y., have called for a meeting with the president.

But Trump won’t meet with the top congressional Democrats until the shutdown ends — a point he and Republicans have made time and time again.

And he won’t budge on healthcare negotiations until the government reopens, either.

‘I’m not going to do it by being extorted by the Democrats who have lost their way,’ Trump said on CBS’ ’60 Minutes.’ ‘There’s something wrong with these people.’

Meanwhile, Trump has urged Senate Republicans to get rid of the 60-vote filibuster threshold in the upper chamber. Doing so is a proverbial third rail for Senate Republicans and a longstanding priority for Senate Democrats.

He renewed that call over the weekend in posts on Saturday and Sunday to his social media platform Truth Social.

‘Republicans, you will rue the day that you didn’t TERMINATE THE FILIBUSTER!!! BE TOUGH, BE SMART, AND WIN,’ he said.

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Energy Secretary Chris Wright revealed the U.S. will not be testing nuclear explosions, putting to rest questions over whether the Trump administration would reverse a decades-old taboo.

Testing will instead involve ‘the other parts of a nuclear weapon,’ Wright told Fox News’ ‘The Sunday Briefing.’

‘I think the tests we’re talking about right now are systems tests,’ he explained. ‘These are not nuclear explosions. These are what we call noncritical explosions.’

His comments came after President Donald Trump announced the U.S. would reignite ‘nuclear testing’ because other nations were doing so. The president made the announcement on the way to a meeting with Chinese President Xi Jinping.

He didn’t specify whether he meant explosives, which haven’t been tested by the U.S. since 1992, or the weapons that carry them.

The only nation to conduct a detonation test in the last 25 years is North Korea in September 2017.

The president said he’d directed the Pentagon — which is responsible for testing nuclear-capable vehicles — to resume testing. The Energy Department would have jurisdiction over testing explosives.

‘We’ve halted it years — many years — ago,’ Trump said last week. ‘But with others doing testing, I think it is appropriate that we do also.’

Asked on Friday to clarify whether the U.S. would begin ‘detonating nuclear weapons for testing,’ the president responded, ‘I’m saying that we’re going to test nuclear weapons like other countries do.’

Trump claimed in a CBS ’60 Minutes’ interview over the weekend that U.S. adversaries were secretly testing nuclear weapons.

‘Russia’s testing nuclear weapons, and China’s testing them, too,’ he said. ‘You just don’t know about it.’

China is rapidly expanding its nuclear silo and is expected to have nearly 1,000 warheads by 2030, according to Pentagon assessments. But Beijing has not conducted a nuclear weapons test since 1996. Russia has not been confirmed to have tested a weapon since 1990, but last week did claim to test two delivery vehicles: an undersea torpedo known as Poseidon and a nuclear-powered cruise missile.

In 1996, the United Nations adopted a nuclear test ban treaty. The U.S. signed the treaty, but the Senate rejected its ratification. Most other nuclear-armed states also did not ratify the document.

Still, it created a global norm against nuclear weapons testing.

The U.S. regularly tests unarmed nuclear-capable weapons.

Additionally, non-explosive or ‘subcritical’ tests, which involve fissile materials but stop short of producing a chain reaction, have been conducted at the Nevada National Security Site for years. Officials say these experiments help validate computer models that simulate how aging warheads behave, allowing scientists to verify performance without explosive testing.

The U.S. has conducted more than two dozen such tests since the late 1990s.

‘And again, these will be nonnuclear explosions,’ Mr. Wright said. ‘These are just developing sophisticated systems so that our replacement nuclear weapons are even better than the ones they were before.’

Washington is currently undergoing a three-decade, $1.7 trillion transformation effort to replace aging warheads with updated versions.

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Locksley Resources Limited (ASX: LKY,OTC:LKYRF, OTCQX: LKYRF) announced the receipt of a Letter of Interest (LOI) from the Export-Import Bank of the United States (EXIM) outlining the intent to provide up to US$191 million in potential project financing support for the Company’s Mojave Project in California. EXIM, a wholly owned independent agency of the U.S. Government, operates under a Congressional mandate to promote American economic and national security interests through project and export financing. Its recent Supply Chain Resiliency Initiative and China and Transformational Exports Program prioritize funding for critical mineral projects that reduce foreign supply dependence and rebuild U.S. industrial capability. Additional details can be found here: https:cdn-api.markitdigital.comapiman-gatewayASXasx-research1.0file2924-03017919-6A1295024&v=undefined.

‘This LOI represents a cornerstone in Locksley’s engagement with U.S. federal agencies and paves the way for detailed due diligence and underwriting to advance a comprehensive financing package for the Mojave Project,’ said Kerrie Matthews, Managing Director and CEO of Locksley. She added that the LOI provides a foundation to progress formal financing discussions while advancing the Company’s downstream and offtake plans. ‘With our 100% American made antimony ingot now produced, we are demonstrating Locksley’s capacity to deliver the next generation of U.S. critical minerals for supply chains.’

Locksley continues to accelerate development and shorten the traditional mining project timeline via government support across parallel workstreams. Upstream the company has fast-tracked development of the Desert Antimony Mine through both conventional and non-traditional methods, enabling near-term ore supply. Downstream the company is collaborating with Rice University’s Deep Solve program and modular processing options to establish U.S. refining capacity at speed. And, by focusing on direct alignment with U.S. defense, energy transition and industrial partners to deliver 100% Made in America antimony, the company is establishing an integrated supply chain. This multiple track approach positions Mojave as one of the fastest moving U.S. antimony developments, directly supporting U.S. national security and clean energy priorities.

Drew Horn, a former White House Advisor on Critical Minerals and Chief Executive of GreenMet, which serves as consultants to Locksley said, ‘EXIM’s Letter of Interest represents more than just financial support. It reflects a coordinated U.S. government directive to rebuild domestic critical minerals capability. We are now entering a period where nearly all federal funding in this sector is being directed under White House led initiatives and Locksley is benefitting from this effort.’

Locksley Resources (https://www.locksleyresources.com.au) is focused on critical minerals in the U.S. The company is actively advancing the Mojave Project in California, targeting rare earth elements (REEs) and antimony. Locksley is executing a mine-to-market strategy for antimony, aimed at reestablishing domestic supply chains for critical materials, underpinned by strategic downstream technology partnerships with leading U.S. research institutions and industry partners. This integrated approach combined resource development with innovative processing and separation technologies, positions Locksley to play a key role in advancing U.S. critical minerals independence.

Contact: Beverly Jedynak, beverly.jedynak@viriathus.com, 312-943-1123; 773-350-5793

View original content:https://www.prnewswire.com/news-releases/locksley-receives-up-to-us191-million-potential-support-from-exim-for-us-critical-minerals-push-302602203.html

SOURCE Locksley Resources

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Anteros Metals Inc. (CSE: ANT) (‘Anteros’ or the ‘Company’) announces that, further to its press release dated October 7, 2025, it has closed the first tranche of its non-brokered private placement through the issuance of 7,104,309 flow-through units (each, an ‘FT Unit’) at a price of $0.065 per FT Unit, and 3,100,000 hard dollar units (each, a ‘Unit’) at a price of $0.05 per Unit, for aggregate gross proceeds of $616,780.09 (the ‘Offering’).

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

All securities issued pursuant to the Offering are subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation.

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

In connection with the Offering, the Company paid: (i) a cash commission of $11,700.00; and issued (ii) 25,000 finder’s warrants (each, a ‘Finder’s Warrant‘) to certain finders (the ‘Finders‘). Each Finder’s Warrant is exercisable to purchase one additional common share (each, a ‘Finder’s Share‘) at a price of $0.10 per Finder’s Share.

ABOUT Anteros Metals Inc.

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

For further information please contact or visit:

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

On behalf of the Board of Directors,

Chris Morrison
Director

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

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

Cautionary Statement Regarding Forward-Looking Information

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

NOT FOR DISTRIBUTION IN THE UNITED STATES OF AMERICA

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/272949

News Provided by Newsfile via QuoteMedia

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