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As FPX Nickel strengthens its position in the critical minerals space, it offers investors a compelling opportunity in the low-carbon energy transition, with the potential to be a low-cost, environmentally responsible nickel producer in a stable jurisdiction.

Overview

FPX Nickel (TSXV:FPX,OTCQB:FPOCF) is a Canadian developer of large-scale, low-carbon nickel projects designed to anchor a North American, fully integrated supply chain for stainless steel and electric vehicle batteries.

The company’s core asset, the Baptiste nickel project in British Columbia’s Decar Nickel District, is one of the largest undeveloped nickel resources in the world and features a unique form of naturally occurring awaruite (Ni₃Fe) mineralization. This sulphur-free, magnetic nickel-iron alloy enables a simple, low-cost and low-emission flowsheet that produces approximately 60 percent nickel concentrate capable of bypassing smelters and feeding directly into downstream markets.

FPX’s 2023 preliminary feasibility study confirms Baptiste’s Tier-1 scale and robust economics, positioning it among the most competitive greenfield nickel developments globally. With its lowest-decile carbon intensity and access to clean BC hydro power, Baptiste offers the dual appeal of strong financial returns and ESG leadership in the nickel sector.

The company is also advancing a growing Canadian exploration pipeline through its strategic alliance with the Japan Organization for Metals and Energy Security (JOGMEC). In 2025, FPX and JOGMEC selected the Advocate nickel property in Newfoundland, as the first “designated project” under their Generative Alliance, and expanded the partnership at the Klow property in British Columbia, where FPX has signed an exploration agreement with the Takla Nation. These initiatives demonstrate FPX’s leadership in building a multi-jurisdictional, low-carbon nickel platform within stable, Tier-1 mining regions.

Backed by global strategic investors Sumitomo Metal Mining and Outokumpu, and supported by funding from Natural Resources Canada, FPX Nickel provides investors with exposure to a rare combination of scale, sustainability, and strategic relevance in the global shift toward cleaner industrial metals.

Company Highlights

  • Strong Strategic Support: Outokumpu, Sumitomo Metal Mining and an undisclosed Canadian mining company each own 9.9 percent; management and insiders 18 percent.
  • Partnerships and ESG: Exploration Agreement with Takla Nation for Klow Property; strong Indigenous engagement framework.
  • Government Support: Funding from Natural Resources Canada to advance Baptiste.

Key Project

Decar Nickel District

FPX Nickel’s 100 percent-owned Decar Nickel District is located 90 km northwest of Fort St. James in central British Columbia. It is FPX Nickel’s flagship asset and home to the Baptiste nickel project – one of the largest undeveloped nickel deposits in the world. The district also includes the nearby Van target, providing long-term growth potential within the same 100-percent-owned property.

Baptiste Nickel Project

Baptiste is the cornerstone of FPX Nickel’s strategy to produce large volumes of clean, low-carbon nickel in Canada. The deposit contains a naturally occurring nickel-iron mineral called awaruite (Ni₃Fe), which allows for a simple, energy-efficient processing that eliminates the need for traditional smelting. The result is a high-grade nickel product with one of the lowest carbon footprints in the global industry.

A 2023 preliminary feasibility study (PFS) confirmed Baptiste as a Tier-1 development opportunity with robust economics and long-life production:

  • After-tax NPV (8 percent) of US $2 billion
  • After-tax IRR of 18.6 percent
  • Mine life 29 years
  • Average annual production of 59,000 tonnes nickel
  • Cash cost (C1) of approximately US$3.70 per lb nickel

The PFS outlines a conventional open-pit mine and processing facility powered by British Columbia’s clean hydroelectric grid. Using magnetic separation and flotation, the operation would produce a ~60 percent nickel concentrate that can be sold directly to stainless-steel producers or refined into battery-grade nickel sulphate for the electric-vehicle market.

Van Target

Situated six kilometres north of Baptiste, the Van target hosts the same style of awaruite mineralization near surface and offers similar potential scale. Early drilling has intersected broad zones of nickel mineralization, reinforcing the district’s capacity to support multiple large deposits over time.

Downstream Integration and Refinery Study

In March 2025, FPX Nickel published the results of its Awaruite Refinery Scoping Study, outlining plans for North America’s largest nickel sulphate refinery. The proposed facility aims to produce 32,000 tonnes per year of battery-grade nickel sulphate, along with by-products including cobalt carbonate, copper cement, and ammonium sulphate.

Highlights of the study:

  • Economics: After-tax NPV (8 percent) ~US$445 million; IRR ~20 percent; operating cost US$1,598/t Ni (US$0.06/lb on a by-product basis).
  • Carbon Profile: 0.2 t CO₂/t Ni refined; cradle-to-gate 1.4 t CO₂/t Ni.
  • Status: Standalone scoping study, not included in the 2023 PFS base case.
  • Strategic Context: FPX also signed an MOU with JOGMEC and Prime Planet Energy & Solutions (Toyota–Panasonic JV) to evaluate integration of Baptiste feed into EV battery materials supply chains.

Pilot-Scale Success and Government Support

In early 2024, FPX completed pilot-scale hydrometallurgical testing, producing battery-grade nickel sulphate. The program, partially funded by Natural Resources Canada’s Critical Minerals R&D program, marked a key milestone in demonstrating the project’s readiness for commercialization and alignment with Canada’s strategic critical minerals priorities.

Exploration and Pipeline

Advocate Nickel Property (Newfoundland)

  • Selected in Sept 2025 as the first “designated project” under the FPX–JOGMEC Generative Alliance.
  • 86.25 sq km holding, 45 km of serpentinized ultramafic strike on the Baie Verte Peninsula.
  • Three awaruite zones (Wolverine Pond, Birchy Lake, Birchy Lake North) with surface samples up to 0.14 percent DTR Ni.
  • 2025 budget: C$450,000 to define drill targets. Joint venture interest ratio JOGMEC 60 percent / FPX 40 percent.

Klow Property (British Columbia)

  • Exploration agreement with Takla Nation signed Oct 2025, establishing collaboration protocols for future exploration and development.
  • JOGMEC earn-in amended to March 31 2027 (Option to 60 percent with C$1 million expenditure).
  • 2025 surface program funded 100 percent by JOGMEC.
  • Historic drilling (316 m @ 0.10 percent nickel-in-alloy) and 2024 DTR re-analysis confirm strong awaruite potential.

Management Team

Martin Turenne – President, CEO and Director

Martin Turenne is a seasoned executive with over 15 years in the commodities sector, including significant leadership experience in mining. His expertise spans strategic management, capital markets, financial reporting, and regulatory compliance. He previously served as CFO of First Point Minerals and held roles at KPMG LLP and Methanex Corporation. Turenne is a Chartered Professional Accountant (CPA) and a member of the Canadian Institute of Chartered Accountants.

Dan Apai – Vice President, Projects

Dan Apai has over 20 years of mining industry experience in civil engineering and engineering management over a diverse range of projects. As principal civil engineer for Fluor Canada, he led studies and detailed engineering works for numerous large-scale mining projects for clients including Teck, Newmont, BHP, First Quantum, Glencore, Josemaria Resources, and Newcrest. Apai’s technical expertise includes site layout, earthworks, water management, linear facilities, and water supply systems – all elements that strongly influence the capital intensity, permitability, and operability of mining projects. Apai is a member of the Association of Professional Engineers of British Columbia and holds a Bachelor of Engineering from the University of Western Australia.

Tim Bekhuys – SVP, Sustainability and External Relations

Tim Bekhuys is a mining sustainability expert with 40+ years of experience in environmental permitting, community engagement, and ESG leadership. He was VP of sustainability at SSR Mining and held senior roles at New Gold, successfully advancing projects like the Blackwater gold project. He has served on the boards of AME BC, the Mining Association of BC, and the Mining Association of Canada.

Felicia de la Paz – CFO and Corporate Secretary

Felicia de la Paz is a CPA with deep expertise in corporate finance and systems implementation. She started her career at KPMG, rising to senior manager, before joining Equinox Gold as corporate controller, where she led post-acquisition financial integration. She later served as VP of finance at Vida Carbon and now advises public mining companies on financial and operational systems. She holds a Bachelor of Commerce (Honours) from UBC.

Dr. Peter M.D. Bradshaw – Chairman

Dr. Peter Bradshaw is a renowned geologist with over 45 years of global mineral exploration experience and a member of the Canadian Mining Hall of Fame. He has played key roles in several major discoveries, including the Porgera, Kidston, and Misima gold mines, and co-founded the UBC Mineral Deposit Research Unit. Bradshaw’s past roles include senior positions at Barringer Research, Placer Dome, and Orvana Minerals.

Peter Marshall – Director

Peter Marshall is a mining engineer with 30 years of experience in mine development. Formerly VP of project development at New Gold and SVP at Terrane Metals, he played key roles in major BC projects including the feasibility and early construction of the Mt. Milligan copper-gold mine and the Blackwater gold project.

Anne Currie – Director

Anne Currie is a leading expert in mining permitting and regulatory processes in Canada, with more than 30 years of private and public sector experience. She was BC’s chief gold commissioner and a senior partner at Environmental Resources Management. Currie has guided permitting for major projects including KSM, Brucejack, Kemess Underground, and Blackwater.

James S. Gilbert – Director

James Gilbert has over 30 years of experience in investment banking and corporate strategy, with two decades focused on mining and metals. He has held senior roles at Rothschild, Gerald Metals, and Minera S.A., and has deep expertise in M&A, project finance, off-take agreements, and strategic marketing. He was a director of AQM Copper, acquired by Teck in 2016.

Kim Baird – Director

Kim Baird is a strategic advisor with deep experience in Indigenous relations, governance, and treaty implementation. As former elected Chief of the Tsawwassen First Nation, she negotiated and implemented BC’s first urban treaty, securing land and resource governance for her community. She now advises governments, businesses, and Indigenous groups across Canada.

Rob Pease – Director

Rob Pease is a geologist with more than 30 years in exploration, mine development, and corporate leadership. He was CEO of Terrane Metals and a director of Richfield Ventures—both acquired for over C$500 million. He currently serves on the boards of Pure Gold Mining and Liberty Gold.

Andrew Osterloh – Director

Andrew Osterloh is a professional engineer with 25+ years in process engineering, plant metallurgy and project development. He is currently VP project engineering & construction at Skeena Gold & Silver.

This post appeared first on investingnews.com

Investor Insight

NorthStar Gaming offers a differentiated, premium iGaming and sportsbook experience that sits at the intersection of media and betting technology. The company continues to demonstrate scalable growth with double-digit revenue increases, record gross margins and expanding market access across Canada’s estimated C$9.5 billion total addressable market.

Overview

NorthStar Gaming (TSXV:BET,OTCQB:NSBBF) owns and operates a casino and sportsbook gaming platform in Canada under the name NorthStar Bets. Since its listing on the TSXV in March 2023, the company has seen significant success with its uniquely differentiated offering that combines high-quality sports journalism with betting/casino games. Specifically, NorthStar utilizes targeted content to engage, attract and retain sports bettors, which leads to higher retention rates and higher player values.

NorthStar’s competitors may provide insights, but they are hosted within a different platform causing inconvenience to the end-users who must swap between apps. NorthStar’s proprietary Sports Insights editorial features, offered seamlessly to customers within the NorthStar Bets website and app, continue to be a strong differentiator and driver of value.

Sports Insights (with its latest iteration Sports Insight 2.0 supports the company’s position as a premium brand and industry leader at the intersection of betting and sports media. The content includes analysis of upcoming events, betting strategies and helpful tips. Since Sports Insights is integrated directly within NorthStar’s sportsbook, users can wager directly from the content without leaving the betting environment.

Sports Insights users demonstrate enhanced performance metrics, including 13 percent higher VIP penetration, 58 percent higher average total deposits, 50 percent higher average casino turnover, and 138 percent higher average sports turnover.

Technology and Market Expansion

The company’s industry-leading technology stack is powered by long-term partnerships with Playtech and Kambi, two of the most established global providers in online gaming and sports betting. Playtech, the world’s largest online gaming software supplier, serves both as NorthStar’s technology partner and its largest shareholder, having invested more than C$22 million since launch, including a C$10 million infusion in October 2023. In 2025, Playtech deepened its support by backstopping NorthStar’s C$43.4 million credit facility with Beach Point Capital Management, further validating the company’s strong potential in Canada’s rapidly expanding iGaming sector.

NorthStar, which initially launched exclusively in Ontario through NorthStarBets.ca, expanded its national reach in 2023 through the acquisition of Slapshot Media, the managed services provider to NorthStarBets.com. This site is owned and operated by the Abenaki Council of Wolinak under a license from the Kahnawake Gaming Commission, enabling NorthStar to generate revenue outside Ontario. With Ontario representing approximately 39 percent of Canada’s population, NorthStarBets.com unlocks access to the remaining 61 percent of the national market, a major catalyst for future growth.

Financial Performance

NorthStar continues to deliver consistent, scalable growth. In Q2 2025, revenue rose 15 percent year-over-year to $8.5 million, with gross margin up 25 percent to $3.5 million (a record 40.8 percent of revenue). Profit before marketing and other expenses increased 87 percent to $0.7 million, demonstrating expanding operating leverage.

For the first half of 2025, revenue reached $16.4 million (up 23 percent year-over-year), and gross margin rose 39 percent to $6.5 million, driven by a doubling of managed services revenue and lower marketing costs. Marketing expenses decreased 16 percent year-over-year, highlighting improved acquisition efficiency and financial discipline.

Supported by its C$43.4 million long-term financing from Beach Point Capital Management, NorthStar is fully funded to profitability and well-positioned to scale across Canada’s projected C$9.5 billion iGaming and sports betting market.

Company Highlights

  • Proven Growth: NorthStar achieved 15 percent year-over-year revenue growth in Q2 2025, reaching $8.5 million, with gross margin rising 25 percent to $3.5 million, representing a record 40.8 percent of revenue.
  • Market Expansion: Through the 2023 acquisition of Slapshot Media, NorthStar derives managed services revenue from Canadian operations outside Ontario. Managed services revenue more than doubled year-over-year in Q2 2025.
  • Strategic Partnerships: Playtech remains NorthStar’s largest shareholder (over C$22 million invested) and continues to provide technology support. In 2025, Playtech further extended its strategic partnership by backstopping NorthStar’s C$43.4 million credit facility with Beach Point Capital Management, ensuring long-term growth funding.
  • Brand Strength: NorthStar continues to capitalize on its “Canadian” branding through national campaigns such as “Summer of Spoils,” which reinforced local brand loyalty and customer engagement.
  • Product Innovation: The company is completing a comprehensive casino UI/UX upgrade and added 27 percent more casino games, bringing the total to over 2,000 titles on its platform.

Key Brands

NorthStarBets.ca

Only available to players in Ontario, the main game offerings on Northstarbets.ca include a sportsbook with pre-live and live markets with monthly sports betting markets, and slot/live and jackpot casino games. Northstarbets.ca offers more than 2,000 casino titles, live dealer games, slots, roulette, blackjack and jackpot options.

NorthStarBets.com

Available to players outside Ontario, NorthStarBets.com is a rebrand of Spreads.ca, an iGaming site owned and operated by the Abenaki Council of Wolinak, and is offered through NorthStar Gaming’s wholly owned subsidiary, Slapshot Media, a Canadian iGaming marketing and managed services provider.

Management Team

Michael Moskowitz – CEO and Chairman

Michael Moskowitz is a veteran technology executive and transformative leader who has more than 25 years of leadership experience in the consumer, communications, gaming and technology industries. Moskowitz was the previous CEO and chairman at Panasonic North America, where he led the company’s successful business and growth strategy in delivering integrated technology solutions for businesses, government agencies and consumers across North America. He also served as president and CEO of XM Canada and president of Palm in the Americas International. He sits on the executive board of the Consumer Technology Association, representing the largest and most innovative technology companies in North America.

Corey Goodman – Chief Development Officer, Counsel and Corporate Secretary

Corey Goodman has held a variety of senior executive roles in both legal and business development capacities for nearly 20 years, and most recently served as chief corporate development officer to Torstar Corporation. His focus is on mergers and acquisitions and partnerships in media, energy and regulated industries. He was also general counsel to three public issuers.

Chin Dhushenthen – Chief Financial Officer

Chin Dhushenthen has held numerous executive positions across a wide variety of functions including finance, compliance, risk management and technology. His prior experience includes The Hunter Group, Azerty United Canada, Hydrogenics, and most recently at CAPREIT. Dhushenthen is a chartered professional accountant, with more than 25 years of proven experience impacting business growth and maximizing profits through contributions in financial management and productivity improvements.

Barry Shafran – Lead Director

Barry Shafran has extensive public and private company leadership and board experience in multiple industries, including financial services, online gaming and the service industry. He was the founder and CEO of Chesswood Group, a financial services business, and he helped it scale from $10 million to $1 billion in revenues. Prior to Chesswood, he founded cars4U.com which was Canada’s first online auto retailer. On the iGaming front, he has worked with Cryptologic, an online gaming software provider. He was involved in the sale of Don Best (Las Vegas), a well-known odds-maker.

Vic Bertrand – Director

Vic Bertrand has more than 35 years of global business experience. From 1986 to 2014, he co-led MEGA Brands, transforming his family’s small local business into a vertically integrated, global toy leader with sales in over 100 countries. Bertrand is currently president of Stratinn, a real estate and investment firm. From 2019, he was CEO of ToysRUs CDA, where he restored profitability leading to an exit in 2021. In addition, he is an active advisor and director currently serving on the boards of CardioMech (Norway), Soundbite (Canada), and Spinal Stabilization Technologies (USA/Ireland).

Brian Cooper – Director

Brian Cooper has more than 30 years of experience in athlete representation, activation management, broadcast programming, executive-level property leadership, and sports marketing. He has been recognized for his imprint on the Canadian sports and entertainment landscape and was twice named one of the Globe and Mail’s Top 25 Power Players in Canadian Sports, Yahoo’s Top 25 most influential people in Canadian Sport, and was the first inductee to the Sponsorship Marketing Council of Canada’s Hall of Fame.

Sylvia Prentice – Director

Sylvia Prentice is the president and owner of Mackinnon Calderwood Advertising. a full-service Canadian agency providing media and creative services and promotional support across a number of industries. She and her team have been involved in a number of early iGaming businesses, including Playground Poker Club, CanPlay and Party Poker.net.

Dean MacDonald – Director

Dean MacDonald has had a long and successful career in executive roles at many companies. Previously, he served as executive chairman and president and chief executive officer of ClearStream Energy and its predecessor Tuckamore Capital, as president and managing partner of Cable Atlantic, chief operating officer of Rogers Cable, and as the chief executive officer of Persona, a TSX-listed cable and internet services company. He has management and investment experience in several industries, including energy, commercial real estate, marketing and communications. He has served on numerous public and private boards over the past three decades.

Chris McGinnis – Director

Chris McGinnis has over 20 years of experience in finance, accounting, investor relations, corporate strategy, M&A, and equity research. He is currently chief financial officer at Playtech, the leading online gambling technology company. Prior to joining Playtech, McGinnis was head of corporate strategy at software company Temenos. He started his career at Deloitte in Canada where he qualified as a chartered professional accountant. He has also worked in Equity Research for UBS in Canada and Bank of America Merrill Lynch in the UK. He is also a chartered financial analyst.

Alex Latner – Director, General Counsel, Playtech

Alex Latner joined Playtech as general counsel in January 2017. Prior to that, Latner spent his entire career in the London office of international law firm Berwin Leighton Paisner LLP, now Bryan Cave Leighton Paisner LLP, where he was a partner in the corporate finance team from 2008 until he left the firm in 2017. Latner has extensive experience in the UK public markets, and acted for a number of listed UK and international companies and various investment banks and other corporate finance intermediaries across a broad range of industries, such as technology (including betting and gaming), real estate and the wider built environment.

Mike Cormack – Head of Content & Integrations

Mike Cormack has two decades of experience in Canadian sports media, and has held a variety of editorial leadership roles. His strengths are developing and leading successful multiplatform content teams and strategies. Previously, he was managing editor of The Athletic, Toronto and managing editor of sportsnet.ca

This post appeared first on investingnews.com

Saga Metals Corp. (‘SAGA’ or the ‘Company’) (TSXV: SAGA,OTC:SAGMF) (OTCQB: SAGMF) (FSE: 20H), a North American exploration company advancing critical mineral discoveries, is strategically positioned to capitalize on the explosive growth in the uranium sector as global nuclear commitments and artificial intelligence (AI) infrastructure propel demand far beyond current supply horizons.

SAGA’s Double Mer Uranium Project: Large-Tonnage Potential in Labrador

Amid this uranium fervor, Saga Metals is well-positioned with its high potential Double Mer Uranium Project in Labrador, Canada—a drill-ready asset primed to contribute to North America’s critical minerals security. Located 90 km northeast of Happy Valley-Goose Bay near the prolific Central Mineral Belt (CMB), the 100%-owned project spans 25,600 hectares across 1,024 claims and hosts a robust, IOCG and pegmatite-style uranium system within proximity to Labrador’s most significant uranium discoveries including Paladin Energy’s Michelin and Atha Energy’s CMB holdings. With encouraging surface samples and geophysical data, SAGA believes the Double Mer Uranium Project could offer comparable large-tonnage potential to these projects.

Figure 1: Regional map of the Double Mer Uranium Project in Labrador, Canada

Saga Metals recent exploration efforts at the Double Mer Uranium Project have confirmed*:

  • High-Potential Uranium Zones Identified for Drilling: Three key zones— Luivik, Nanuk, and Katjuk —have been pinpointed along an expansive east-west 18-kilometer uranium-rich trend. Each zone shows U3O8 mineralization in pegmatites and structurally enriched formations (see Figure 2 below).
  • Assays Validate Targets: Rock sampling in 2024 confirms the uranium potential across all three zones, enhancing confidence in the project’s viability with surface samples showing uranium oxide (U3O8) concentrations as high as 0.428% U 3 O 8
  • Count-per-second (CPS) radiometric peaks up to 27,000 —surpassing historical benchmarks
  • Observed uranophane staining (oxidization of uranium minerals) on the surface of pegmatites across the 18 km trend with confirmed uraninite minerals hosted within.
  • Full Winterized Camp Completed in early 2025 and ready for 10 person teams.

(* Press released results: ‘Saga Metals Reports Channel Sample Assay Results at Double Mer Uranium Project’, December 3, 2024)

Mineralization at Double Mer occurs in multiple styles, including uraninite-bearing pegmatites, sheared gneiss, and iron carbonate-rich zones with sheeted smoky quartz veins, indicating large-tonnage potential open along strike and at depth.

Figure 2: Map of the Double Mer Uranium Project highlight the 18km trend verified through surface sample and uranium count radiometrics

Selected samples across the 18 km strike were collected by SAGA’s exploration team during prior exploration surface programs for the purposes of petrography, mineralogical and petrochemical interpretations. The pegmatites can be subdivided into two subgroups based on radioelement and rare earth-bearing minerals in association with the mafic mineral abundance of biotite. The results of this analysis confirmed the presence of uraninite and have shown unequivocally that both pegmatite subgroups identified on the property are genetically related and belong to the same magmatic event.

Figure 3: Highly strained granitic pegmatite showing an East-West foliation and significant uranophane mineralization located in the Katjuk (Arrow) Zone. One of multiple pegmatite units which are interleaved between a gossanous and silicified biotite schist and granitic gneiss.

Double Mer Uranium Project: Fully Permitted and Drill-Ready

The project is fully drill-ready, with permits secured for a maiden diamond drill program aimed at systematically testing the high-grade anomalies. Supporting this is SAGA’s ten-person winterized exploration camp, refurbished earlier in 2025 with upgrades to personnel cabins, kitchen, dry facilities, electrical systems, generator, and dock—ensuring year-round operations in Labrador.

Figure 4: SAGA’s Double Mer Uranium Project Base Camp

‘This uranium bull market appears to be just getting started as Uranium futures rose past $81 per tonne in late October, testing the 15-month high of $83.5 touched last month on expectations of higher demand for nuclear power. Double Mer’s 18 km strike in the heart of Labrador’s uranium district positions SAGA to deliver high-impact results at a critical time,’ said Michael Garagan, CGO and Director of Saga Metals Corp. ‘With drill permits in hand, a fully refurbished winter camp, and assays confirming near-surface mineralization, Double Mer is ready to unlock shareholder value and potentially contribute to North America’s energy independence.’

The Uranium Market in a snapshot – Canadian firms Cameco, Brookfield sign $80 Billion deal with U.S. Government:

The uranium market is experiencing a renaissance, with major industry players ramping up involvement to meet escalating needs 1 . Leading producer Cameco Corporation recently announced a landmark $80 billion partnership with Brookfield Renewable Partners and the U.S. government to accelerate the deployment of Westinghouse AP1000 nuclear reactors across the United States, marking one of the largest nuclear energy investments in history 2 . This deal, which includes government-facilitated financing and regulatory approvals, sent Cameco’s shares soaring over 20% to record highs, underscoring investor conviction in uranium’s short-term upside 3 . Other majors, including Paladin Energy and Kazatomprom, are expanding production capacities, while tech giants like Google partner with NextEra Energy to revive shuttered nuclear plants—such as Iowa’s Duane Arnold facility by 2029—to power AI data centers with carbon-free energy 4 .

Supply constraints are intensifying the bullish outlook, with annual global reactor demand estimated at 180 million pounds U 3 O 8 consistently outpacing primary production throughout 2025, creating a structural deficit projected to widen over the next decade 5 . The World Nuclear Association forecasts a 25-28% surge in uranium demand by 2030, driven by over 60 new reactors under construction worldwide and plans for 400 more by 2040 6 . This imbalance is expected to persist for at least 10-15 years, with uranium prices forecasted to reach $90-100 per pound by year-end 2025 and potentially exceed $110 in 2026, as new mine developments lag behind consumption growth 7 .

A key driver of this demand explosion is the AI revolution, where data centers’ electricity consumption is projected to double by 2030 and reach nearly 9% of U.S. total power use by 2035 8 . Nuclear power’s reliability and low-carbon profile make it ideal for hyperscale AI operations; for instance, Microsoft’s agreement to restart Three Mile Island and Amazon’s investments in small modular reactors (SMRs) highlight how tech firms are turning to uranium-fueled energy to fuel the AI boom, with U.S. nuclear generation expected to grow 27% post-2035 to meet this surge 9 .

Compounding these market dynamics, the U.S. government has taken aggressive steps to secure domestic uranium supply and revitalize its nuclear sector. In May 2025, President Trump signed four executive orders aimed at quadrupling U.S. nuclear capacity to 400 GW by 2050, including directives to expand domestic uranium mining, processing, and enrichment while reducing reliance on foreign sources like Russia and China 10 . The Uranium for Energy Independence Act of 2025 (H.R. 1622) further bolsters this by incentivizing U.S.-sourced uranium purchases for federal agencies, while the Department of Energy launched a new consortium in August 2025 under the Defense Production Act to strengthen the nuclear fuel supply chain 11 . These policies not only de-risk North American projects but position uranium explorers like SAGA for rapid advancement 12 .

To learn more about Saga Metals Double Mer Uranium Project please visit the project page found here on the corporate website: https://sagametals.com/double-mer-uranium-project/

Option Issuances

In addition, the Company announces the issuance of an aggregate of 950,000 incentive stock options (the ‘Options’) to certain directors and officers of the Company. Each Option entitles the holder thereof to acquire one common share of the Company at a price of $0.435 per common share for a period of three years from the date of grant. The Options shall vest over a period of two years from the date of grant with 1/3 vesting immediately and 1/3 vesting on each of the first and second anniversary of the date of grant.

Qualified Person

Peter Webster, P. Geo., of Mercator Geological Services is an Independent Qualified Person as defined under National Instrument 43-101 and has reviewed and approved the technical information disclosed in this news release.

Sources:

About Saga Metals Corp.

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

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

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

With a portfolio that spans key minerals crucial to the green energy transition, SAGA is strategically positioned to play an essential role in the clean energy future.

On Behalf of the Board of Directors

Mike Stier, Chief Executive Officer

For more information, contact:

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

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

Cautionary Disclaimer

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

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The United States and China plan to establish military-to-military communications channels ‘to deconflict and deescalate’ potential problems, Secretary of War Pete Hegseth said Saturday after talking with his Chinese counterpart.

In a post on X, Hegseth said he had a ‘positive meeting’ with Admiral Dong Jun, China’s Minister of National Defense, in the wake of President Donald Trump’s meeting with Chinese President Xi Jinping.

During their talk, the two defense leaders agreed that the best path forward for the U.S. and China involves ‘peace, stability, and good relations.’

‘Admiral Dong and I also agreed that we should set up military-to-military channels to deconflict and deescalate any problems that arise. We have more meetings on that coming soon. God bless both China and the USA!’ Hegseth wrote, in part.

Earlier Saturday, Hegseth attended a separate meeting in Malaysia with defense leaders from the Association of Southeast Asian Nations (ASEAN), where he urged them to push back against Beijing’s aggressive actions in the South China Sea.

‘China’s sweeping territorial and maritime claims in the South China Sea fly in the face of their commitments to resolve disputes peacefully,’ Hegseth said at the meeting, according to The Associated Press. 

‘We seek peace. We do not seek conflict. But we must ensure that China is not seeking to dominate you or anybody else,’ he added.

The South China Sea remains volatile with Beijing, the Philippines, Vietnam, Malaysia and Brunei all claiming overlapping territories. 

China’s maritime fleet has frequently clashed with the Philippines in the disputed waters, with Chinese officials recently describing the country as a ‘troublemaker’ for staging naval and air drills with the U.S., Australia and New Zealand.

Hegseth defended the U.S. ally during the Saturday meeting by saying Beijing’s designation of the Scarborough Shoal – a territory seized from the Philippines in 2012 – as a ‘nature reserve’ ‘yet another attempt to coerce new and expanded territorial and maritime claims at your expense.’

The War Secretary then urged ASEAN to finalize the Code of Conduct with China and proposed creating a ‘shared maritime domain awareness’ network and rapid-response systems to deter provocations – measures he said would ensure that any member facing ‘aggression and provocation is not alone.’

Hegseth also welcomed plans for an ASEAN-U.S. maritime exercise in December aimed at strengthening coordination and safeguarding freedom of navigation.

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Syria’s interim President Ahmed al-Sharaa is expected to visit Washington, D.C., and meet with President Donald Trump next week, the first-ever official visit by a Syrian president to the U.S. capital.

A White House official confirmed to Fox News Digital that the meeting was planned for Nov. 10. News of the meeting was first reported by Axios.

Trump and al-Sharaa met for the first time in May on the sidelines of the president’s trip to Saudi Arabia.

‘Young, attractive guy, tough guy,’ Trump told reporters aboard Air Force One after meeting al-Sharaa, who is a former Al-Qaeda leader. ‘Strong past, very strong past — fighter. He’s got a real shot at holding it together.’

Al-Sharaa, formerly known by the nom de guerre Abu Mohammad al-Jolani, led the rebel offensive in December that toppled former Syrian dictator Bashar al-Assad’s regime.

His group, Hay’at Tahrir al-Sham, was designated by the U.S. State Department as a Foreign Terrorist Organization (FTO). U.S. Secretary of State Marco Rubio announced in June that the Trump administration would remove the label amid the president’s efforts to reset U.S.-Syria ties.

‘This FTO revocation is an important step in fulfilling President Trump’s vision of a stable, unified, and peaceful Syria,’ Rubio said in a statement.

Trump received a standing ovation in Riyadh after announcing his administration would order the cessation of sanctions against Syria in order to ‘give them a chance at greatness.’

‘Oh, what I do for the crown prince,’ he joked, referring to Saudi Arabia’s de facto leader, Mohammed bin-Salman, who pushed Trump to meet with Syria’s new leader.

Efforts to lift the Caesar sanctions, the strongest sanctions on Syria, have faced procedural delays in Congress.

A U.S. State Department spokesperson told Reuters on Friday that the Trump administration supports repealing the Caesar sanctions through the National Defense Authorization Act bill, which is under discussion by U.S. lawmakers.

The bill, which was named after a Syrian Army defector who smuggled thousands of images documenting torture and executions in Bashar al-Assad’s prisons, targeted entities and individuals who provided support to Assad’s regime.

The Associated Press contributed to this report.

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Enthusiasm was high among New Jersey Democratic voters who flocked to a community college campus Saturday evening to hear from former President Barack Obama as he rallied support for Rep. Mikie Sherrill in her campaign for the governorship.

‘I heard Barack Obama was gonna be here. And I love Barack Obama, so I really came out here for that,’ one voter, Alexis from South Jersey, told Fox Digital. ‘But I do support Mikie, as well.’ 

‘I want to hear Obama,’ Robert, from Spring Lake, told Fox Digital. ‘I think a lot of people want to hear Obama. Wouldn’t it be great to have a message of hope at this point in time?’ 

Hundreds of supporters wrapped around multiple blocks surrounding the Essex County College’s gymnasium on Saturday to hear from Obama and Sherrill as the New Jersey election comes down to its final days. The packed auditorium hit capacity before the ‘Get Out the Vote’ rally officially kicked off, with supporters also watching the rally from an overflow parking lot. 

Prominent rally speakers and attendees alike celebrated hearing from Obama on Saturday, but also repeatedly spoke about President Donald Trump, slamming him for efforts to deport illegal aliens, and pinning blame for the ongoing federal government shutdown on Trump and Republicans. 

A handful of voters who spoke to Fox Digital relayed that their ballot was not one solely focused on Sherrill, but also a vote against Trump and his administration.  

‘Well, the top issue is Trump,’ said Robert from Spring Lake. ‘There’s nothing else other than that. … Trump is absolutely the worst,’ he added, citing that Trump is allegedly ‘anti-science’ and against education. 

‘To get Trump out of office, number one’ one female voter from South Jersey told Fox Digital of why she came out to the rally and her top voting concerns this election. 

‘I am voting for Mikie Sherrill because she actually understands all the people. She is not a minion for Trump,’ another South Jersey voter added. 

Obama also leaned into slamming Trump during his remarks to the crowd, claiming the current economy has benefited ‘Trump’s billionaire friends,’ while ‘ordinary families’ pay increased prices at check-out lines due to Trump’s ‘shambolic tariff policy.’ 

‘Let’s face it, our country and our politics are in a pretty dark place right now,’ Obama told the audience on Saturday. ‘It’s hard to know where to start, because every day this White House offers up a fresh batch of lawlessness and carelessness and mean spiritedness. And just plain old craziness.’

Comments targeting Trump and his administration extended to attacks on Ciattarelli, as well, with Obama casting him as the president’s toady and a ‘suck up’ to the Republican Party. 

Trump made inroads with New Jersey voters just a year ago, in his decisive general election win over former Vice President Kamala Harris. Trump cut his 2020 loss from 16 points in the Garden State to six in 2024, and flipped five counties to the GOP, invigorating Republicans in the state to keep the momentum going as GOP gubernatorial candidate Ciattarelli launched his bid for Drumthwacket. 

‘Please go out and vote,’ Irvington Councilwoman Charnette Frederic told Fox Digital. ‘And I’m hoping Obama is the last push to remind you.’

Frederic has served as an Irvington councilwoman since 2012, and said that Obama’s presence in the state for past campaign rallies spurred an influx of voters, remarking she’s hopeful the same will unfold ahead of Tuesday. 

‘I am an immigrant, and I believe in treating people with respect and dignity,’ Frederic said. ‘Whatever I’m seeing right now, this is not the kind of opportunity that we want for our people,’ adding that Sherrill will ‘stand for the people’ against the White House’s stances on immigration and other policies. 

Sherrill, DNC chair Ken Martin, New Jersey Sen. Cory Booker, and other local Democrats took the stage of the auditorium to rally support for Sherrill, while also criticizing the Trump administration as top voter concern. 

‘But my fight doesn’t and can’t end at the border of New Jersey. We’ve got to take on all those hits coming from Trump and Washington, D.C. Because right now the president is running a worldwide extortion racket. You pay more for everything from the coffee you drink in the morning to the groceries you’re cooking dinner with at night as Trump pockets billions. His energy plan is designed for just one audience. The fossil fuel industry,’ Sherrill claimed. 

2025 is an off-year election cycle, with just New Jersey and Virginia holding gubernatorial elections, while other jurisdictions such as New York City are holding mayoral races and other local races. 

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As the government shutdown stretches over a month, one left-wing figure has emerged as House Republicans’ most-cited political boogeyman — and it’s not either of the top two Democrats in Congress.

Instead, it’s Zohran Mamdani, a New York State assemblyman and self-proclaimed democratic socialist who is running for mayor more than 200 miles away in New York City.

‘You’ve seen their party get pulled further to the socialist left, and it started when [Rep. Alexandria Ocasio-Cortez, D-N.Y.] beat Joe Crowley. And ever since then, Democrats have been afraid of that kind of emerging wing of their party,’ House Majority Leader Steve Scalise, R-La., told Fox News Digital when asked why GOP leaders are invoking Mamdani so often.

‘Today, they are the center of the Democrat Party. They are running the Democrat Party, and you can see it, Mamdani is the one that they’re all scared of and they’re all listening to.’

He pointed to House Minority Leader Hakeem Jeffries, D-N.Y., and his recent endorsement of Mamdani.

‘It’s changed how they run their whole party operation, because they’re afraid of the left base of the party, which is really headed by Mamdani now,’ Scalise said.

House GOP leaders or speakers at their daily shutdown press conferences brought up Mamdani both directly and indirectly at every one of their press conferences last week.

At his Thursday press conference, Speaker Mike Johnson, R-La., accused the media of criticizing his frequent commentary on the New York City socialist.

‘Amazingly, the media is criticizing Republicans for fixating on Mamdani. I read some of that yesterday. This socialist uprising is something that we have a responsibility to call out and sound the alarms. That’s what elected representatives of the people are supposed to do,’ Johnson said.

‘And we take that responsibility seriously. And obviously, Mamdani is a big issue here in the halls of Congress. Why? Because the second-highest ranked Democrat in the country, Leader Jeffries, endorsed him.’

Republicans have also taken to calling him ‘commie Mamdani’ recently, a nickname debuted by House Majority Whip Tom Emmer, R-Minn., during a shutdown press conference where House GOP leaders invited Republicans in New York’s congressional delegation to speak.

Mamdani himself criticized Johnson at one point for his focus on him earlier this month.

‘Speaker Johnson should be seating members of Congress, as opposed to using his time to try and attack our campaign,’ Mamdani fired back from Manhattan on Monday.

‘But I understand if I was one of the leaders of the Republican Party that had led a campaign that promised Americans a lower cost of living and cheaper groceries, and all I could deliver for them was a government shutdown, then I, too, would be looking to distract in any way that I could from those lack of results.’

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Enthusiasm was high among New Jersey Democratic voters who flocked to a community college campus Saturday evening to hear from former President Barack Obama as he rallied support for Rep. Mikie Sherrill in her campaign for the governorship.

‘I heard Barack Obama was gonna be here. And I love Barack Obama, so I really came out here for that,’ one voter, Alexis from South Jersey, told Fox Digital. ‘But I do support Mikie, as well.’ 

‘I want to hear Obama,’ Robert, from Spring Lake, told Fox Digital. ‘I think a lot of people want to hear Obama. Wouldn’t it be great to have a message of hope at this point in time?’ 

Hundreds of supporters wrapped around multiple blocks surrounding the Essex County College’s gymnasium on Saturday to hear from Obama and Sherrill as the New Jersey election comes down to its final days. The packed auditorium hit capacity before the ‘Get Out the Vote’ rally officially kicked off, with supporters also watching the rally from an overflow parking lot. 

Prominent rally speakers and attendees alike celebrated hearing from Obama on Saturday, but also repeatedly spoke about President Donald Trump, slamming him for efforts to deport illegal aliens, and pinning blame for the ongoing federal government shutdown on Trump and Republicans. 

A handful of voters who spoke to Fox Digital relayed that their ballot was not one solely focused on Sherrill, but also a vote against Trump and his administration.  

‘Well, the top issue is Trump,’ said Robert from Spring Lake. ‘There’s nothing else other than that.… Trump is absolutely the worst,’ he added, citing that Trump is allegedly ‘anti-science’ and against education. 

‘To get Trump out of office, number one,’ one female voter from South Jersey told Fox Digital of why she came out to the rally and her top voting concerns this election. 

‘I am voting for Mikie Sherrill because she actually understands all the people. She is not a minion for Trump,’ another South Jersey voter added. 

Obama also leaned into slamming Trump during his remarks to the crowd, claiming the current economy has benefited ‘Trump’s billionaire friends,’ while ‘ordinary families’ pay increased prices at check-out lines due to Trump’s ‘shambolic tariff policy.’ 

‘Let’s face it, our country and our politics are in a pretty dark place right now,’ Obama told the audience on Saturday. ‘It’s hard to know where to start, because every day this White House offers up a fresh batch of lawlessness and carelessness and mean-spiritedness. And just plain old craziness.’

Comments targeting Trump and his administration extended to attacks on GOP gubernatorial candidate Jack Ciattarelli, as well, with Obama casting him as the president’s toady and a ‘suck up’ to the Republican Party. 

Trump made inroads with New Jersey voters just a year ago, in his decisive general election win over former Vice President Kamala Harris. Trump cut his 2020 loss from 16 points in the Garden State to six in 2024, and flipped five counties to the GOP, invigorating Republicans in the state to keep the momentum going as Ciattarelli launched his bid for Drumthwacket. 

‘Please go out and vote,’ Irvington Councilwoman Charnette Frederic told Fox Digital. ‘And I’m hoping Obama is the last push to remind you.’

Frederic has served as an Irvington councilwoman since 2012, and said Obama’s presence in the state for past campaign rallies spurred an influx of voters, remarking she’s hopeful the same will unfold ahead of Tuesday. 

‘I am an immigrant, and I believe in treating people with respect and dignity,’ Frederic said. ‘Whatever I’m seeing right now, this is not the kind of opportunity that we want for our people,’ adding that Sherrill will ‘stand for the people’ against the White House’s stances on immigration and other policies. 

Sherrill, DNC chair Ken Martin, New Jersey Sen. Cory Booker, and other local Democrats took the stage of the auditorium to rally support for Sherrill, while also criticizing the Trump administration. 

‘But my fight doesn’t and can’t end at the border of New Jersey. We’ve got to take on all those hits coming from Trump and Washington, D.C. Because right now the president is running a worldwide extortion racket. You pay more for everything from the coffee you drink in the morning to the groceries you’re cooking dinner with at night as Trump pockets billions. His energy plan is designed for just one audience. The fossil fuel industry,’ Sherrill claimed. 

During this off-year election cycle, New Jersey and Virginia are holding gubernatorial elections, while other jurisdictions such as New York City are holding mayoral races and other local races. 

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President Donald Trump spent the week in Asia meeting with other global leaders, including Chinese President Xi Jinping, while his administration ramped up its attacks against alleged drug boats in Latin America.

Trump met with Xi Thursday in South Korea, where the two hashed out a series of agreements concerning trade. Specifically, Trump said he agreed to cut tariffs on Chinese imports by 10% — reducing the rate to from 57% to 47% — because China said it would cooperate with the U.S. on addressing the fentanyl crisis.

Additionally, Trump said that he would not move forward with imposing an additional 100% tariff on Chinese goods that were expected to kick in Saturday. Trump threatened the steep hike after China announced in October it would impose export controls on rare earth magnets, which he said China had agreed to postpone by a year.

Afterward, Trump described the meeting as a massive success, and signaled that a broader trade deal between the two countries would be signed shortly.

‘Zero, to 10, with 10 being the best, I’d say the meeting was a 12,’ Trump told reporters after meeting with Xi. ‘A lot of decisions were made … and we’ve come to a conclusion on very many important points.’

From China’s point of view, Xi said afterward the two countries should work together and complete outstanding tasks from the summit for the ‘peace of mind’ of China, the U.S., and the rest of the world.

‘Both sides should take the long-term perspective into account, focusing on the benefits of cooperation rather than falling into a vicious cycle of mutual retaliation,’ Xi said, according to a state media report on the meeting.

Additionally, Trump announced on the Asia trip, which also included stops in Malaysia and Japan, that he would instruct the U.S. to revive nuclear weapons testing —upending decades of precedent on nuclear policy, as the U.S. has not conducted nuclear weapons testing since 1992. The announcement also left lawmakers, experts and military personnel wondering what he meant since no other country has conducted a known nuclear test since North Korea in 2017.

China’s and Russia’s last known tests go back to the 1990s, when Russia was still the Soviet Union.

The White House did not provide comment to Fox News Digital. The Pentagon did not respond to a request for comment.

However, experts are aligned that Trump likely meant he would instruct the U.S. to either increase its testing of nuclear-powered weapons systems or conduct tests of low-yield nuclear weapons.

Vice President JD Vance told reporters Thursday that Trump would continue to work on nuclear proliferation, but said testing would be done to guarantee weapons are working at optimal capability.

‘It’s an important part of American national security to make sure that this nuclear arsenal we have actually functions properly,’ Vance said. ‘And that’s part of a testing regime. To be clear, we know that it does work properly, but you got to keep on top of it over time. And the president just wants to make sure that we do that with his nation.’

The Trump administration also stepped up its campaign against drug cartels in Latin America, totaling at least 14 strikes against alleged drug boats in the region.

Secretary of War Pete Hegseth announced Tuesday that the U.S. had conducted three strikes against four vessels in the Eastern Pacific, and Hegseth announced Wednesday another strike had also been conducted in those waters.

But the White House dismissed reports Friday that the Trump administration had identified and was poised to strike military targets within Venezuela imminently. Trump later told reporters that he hadn’t determined whether he would conduct strikes within Venezuela.

Lawmakers — including some Republicans — have pressed for more answers on the strikes, and have questioned if they are even legal. For example, Sens. Adam Schiff, D-Calif., Tim Kaine, D-Va., and Rand Paul, R-Ky., spearheaded a war powers resolution that would prohibit U.S. armed forces from engaging in ‘hostilities’ against Venezuela.

‘The Trump administration has made it clear they may launch military action inside Venezuela’s borders and won’t stop at boat strikes in the Caribbean,’ Schiff said in an Oct. 17 statement.

The Associated Press contributed to this report.

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President Donald Trump wants Senate Republicans to gut the Senate filibuster, but it’s a request that puts his quick-fix desire to end the shutdown at odds with the GOP’s long-held defense of the filibuster.

The Senate filibuster is the 60-vote threshold that applies to most bills in the upper chamber, and given the nature of the thin majorities that either party has commanded in recent years, that means that legislation typically has to be bipartisan to advance.

It has also proven to be the main roadblock in reopening the government. Despite Republicans controlling the upper chamber, they have routinely come up a handful of votes short in their 13 attempts to end the shutdown.

Three members of the Democratic caucus have broken from Senate Minority Leader Chuck Schumer, D-N.Y., and their colleagues to reopen the government, but Senate Majority Leader John Thune, R-S.D., needs five more to hit the magic number.

Trump, in a late-night Truth Social post, said that on his return trip from Asia, he ruminated heavily over why the government had shut down despite Republicans being in control. His solution was for Senate Republicans ‘to play their ‘TRUMP CARD,’ and go for what is called the Nuclear Option.’

‘Get rid of the Filibuster, and get rid of it, NOW,’ Trump said.

Senate Republicans have already gone nuclear this year to unilaterally change the rules to blast through Schumer’s and Democrats’ blockade of Trump’s nominees. But for many Senate Republicans, including Thune and his leadership team, nuking the filibuster is a proverbial third rail.

‘There’s always a lot of swirl out there, as you know from, you know, social media, etc., but no, we’re not having that conversation,’ Thune said earlier this month when asked about pressure to go nuclear on the filibuster.

And there isn’t much daylight between his sentiments from earlier in October to now.

‘Leader Thune’s position on the importance of the legislative filibuster is unchanged,’ Thune’s spokesperson Ryan Wrasse said in a statement.

Earlier this month during an appearance on Fox & Friends, Senate Majority Whip John Barrasso, R-Wyo., shared a similar outlook as Thune when asked if the filibuster was under consideration to be on the chopping block.

‘No, that’s not going to be the case,’ he said. ‘There aren’t the Republicans that would want to support it.’

The filibuster has come under fire in the last decade from Senate Democrats, a point that Trump noted in his lengthy post.

The last time the filibuster was put to the test was when Democrats controlled the Senate in 2022. Schumer, who was majority leader at the time, tried to change the rules for a ‘talking filibuster’ in order to pass voting rights legislation.

But the effort was thwarted when then-Sens. Joe Manchin, D-W.Va., and Kyrsten Sinema, D-Ariz., joined Republicans to block the change. Both have since retired from the Senate and become independents.

Still, the stalemate in the Senate has shown no signs of shattering as the shutdown heads into November, though bipartisan talks among rank-and-file members have been on the rise as federal food benefits career toward a weekend funding cliff.

Across the building, House Speaker Mike Johnson, R-La., also warned against turning to the nuclear option for the filibuster, even as a handful of House Republicans have demanded that the safeguard be erased.

‘Look, I’ll just say this in general, as I’ve said many times about the filibuster, it’s not my call. I don’t have a say in this. It’s a Senate chamber issue,’ Johnson said. ‘But the filibuster has traditionally been viewed as a very important safeguard. If the shoe was on the other foot, I don’t think our team would like it.’

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