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Fertilizer prices remained elevated in Q3 compared to both the first half of the year and the end of 2024.

Potash prices surged at the start of the year as the Trump administration threatened tariffs on Canada, the top supplier to US farmers. During the third quarter, prices were 20 percent higher than at the end of last year.

Meanwhile, phosphate prices continued to climb through Q3 on the back of supply shortages, spurred by export restrictions from top producer China. Prices were further influenced by US tariffs.

What happened to phosphate and potash prices in Q3?

According to data from the World Bank, the average quarterly phosphate price rose to US$770.60 per metric ton (MT), up from US$673.20 in Q2, and significantly higher than the annual average of US$563.70 in 2024.

On a monthly basis, phosphate climbed to US$736 in July, then climbed to a three year high of US$795.10 in August. Since then, the price has fallen to US$780.63 in September and US$754 in October.

The quarterly average for potash fell slightly in Q3 to US$352.20 per MT, down from US$359.20 the previous quarter, but remained higher than US$283.90 in the last quarter of 2024.

On a monthly basis, potash prices eased to US$362.50 in July, and continued to fall to US$356.50 in August. They sank further to US$352.50 in September and US$352 in October.

What factors impacted phosphate in Q3?

Phosphate prices have been primarily influenced over the last several years by export restrictions from China, which have declined to 6.6 million MT in 2024 from 9 million MT in 2021. The restrictions were put in place to protect the domestic supply, and while the hope was that they would eventually ease, that hasn’t happened.

“As expected, their exports started to arrive in July to September; however, the government had a self-imposed October 15 cutoff date for export submission. That date came and went without an extension, so now the belief is their flows will slow to a crawl very soon,” he said. The situation may face additional headwinds, as China has imposed more restrictions on key battery technologies and precursors for phosphate-based batteries. These restrictions will add to demand for ex-China supply as the agricultural sector competes with battery makers for a limited supply of phosphate.

Demand for phosphate is also high, particularly from India, which has been working to increase its stockpiles since the end of 2024, when they reached a low of 1.1 million MT. However, stockpiles had more than doubled to 2.4 million MT at the start of October, with imports climbing to 4 million MT during the April to September period.

Much of the demand has been covered by supply from Saudi Arabia and Morocco, which signed several offtake agreements with Indian importers in July. “They were a major driver of higher prices for much of 2025 as they played catch up on stockpiles, and have finally reached a comfortable number of tons, which has allowed them to slow their desperate pace. The slower demand pace has allowed the market time to breathe/correct lower,” Linville said.

For US-based farmers, supply isn’t the only issue.

On August 7, a host of new tariffs as high as 25 percent were applied to phosphate imports, including from Saudi Arabia, which accounted for 54.7 percent of imports during the first five months of the year. Although there were some concerns that higher prices could prompt farmers to rethink their strategy, Linville hasn’t seen that materialize either.

With reports that farm yields this year have been higher, it may prompt farmers who have been on the fence about a fall application of phosphate to reconsider, as a significant yield would indicate some phosphate soil depletion.

“While still spoty, we are continuing to hear reports that phosphate demand is better than expected,” he said.

However, Linville noted that a surge in last-minute demand it could make supplies tighter and limit the ability for phosphate to make it onto the fields.

What factors impacted potash in Q3?

Linville said potash news was quiet during the quarter, pointing to stable prices and a well-supplied market.

In July, BHP (ASX:BHP,NYSE:BHP,LSE:BHP) announced it was delaying the opening of its Jansen mine in Saskatchewan. It was initially slated to start production in 2026, but has instead moved its timeline back to 2027 and is also considering pushing the second phase to 2031, citing cost overruns that have ballooned to US$7 billion.

Although potash has so far escaped US tariffs, Linville noted some concern following Ontario’s anti-tariff ad, which ran in the US during the World Series. “We continue to hope/believe that potash will be left alone as part of the North America Trade agreement. Assuming potash is left alone, markets should continue as normal; however, if we start seeing barriers to entry, US farmers will likely bear the brunt of most/all of those tariffs,” he said

Potash and phosphate price forecast for 2025

While potash markets remain stable, phosphate markets are much more dynamic.

Unless there is a significant shift in China’s exports, supply should remain tight. In his most recent weekly update on November 5, Linville noted that the situation could become dire for US consumers before the end of the year.

“We continue to advise our people that if they decide they need phosphate after all, do not wait to lock it up. Days very well may matter. Heck, hours might matter. Supplies are tight and can ill-afford a sudden demand jump,” he wrote.

Additionally, markets are likely to become further strained in the years to come as limited supply meets increased demand from outside the agricultural sector.

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

This post appeared first on investingnews.com

Investor Insight

Bold Ventures Inc. is a Canadian mineral exploration company poised for discovery. The company is advancing a portfolio of precious, battery, and critical metals projects in Tier-1 jurisdictions across Ontario and Quebec. Through systematic exploration and targeted acquisitions, Bold is positioned to meet rising global demand for gold, copper, nickel and critical minerals essential to North America’s electrification plans.

Overview

Bold Ventures (TSXV:BOL) is a Canadian mineral exploration company advancing a diversified portfolio of gold, copper, nickel and critical mineral projects across Ontario and Quebec, both consistently ranking among the safest and most mining-friendly in the world.

Bold’s balanced approach to both precious and critical metals aligns with two powerful global themes: the enduring demand for gold and silver as stores of value, and the accelerating transition to electrification and clean energy requiring copper, nickel and chromium.

Bold’s assets are concentrated in three prolific mining districts of Northern Ontario – Thunder Bay West, Wawa West and the James Bay Lowlands (Ring of Fire) – each offering significant exploration upside and logistical advantages.

Thunder Bay West hosts Bold’s most advanced gold and copper properties – Burchell, Traxxin and Wilcorp – within the geologically rich Shebandowan Greenstone Belt, home to multiple active and past-producing mines.

Wawa West, anchored by the Farwell gold-copper project, sits within a historically productive gold camp with strong indications of both precious and base metal VMS-style mineralization.

The Ring of Fire, in the James Bay Lowlands, is Bold’s long-term critical-mineral growth platform. The company’s Koper Lake project includes a carried interest in the Black Horse Chromite Deposit — one of North America’s most significant undeveloped sources of chromium — as well as substantial nickel, copper and PGE potential in the surrounding claim blocks.

Complementing this Ontario portfolio, Bold added two high-quality exploration-stage assets in 2024–2025: the Springdale East gold project near Red Lake, Ontario, and the Joutel gold and base metal project in Quebec.

Underpinning this portfolio is a leadership team with decades of exploration experience and direct involvement in three world-class discoveries — Eagle River, Windfall Lake and the Ring of Fire deposits. This record of success, combined with a pipeline of highly prospective targets now moving toward the drill stage, positions Bold Ventures to deliver steady exploration progress and value creation across a range of commodity markets.

Company Highlights

  • Bold Ventures explores for precious, battery and critical metals in Canada, with active exploration projects in the Thunder Bay West, Wawa West and James Bay Lowlands (Ring of Fire) regions.
  • The company’s flagship Burchell gold-copper project has advanced through new discoveries, sampling and mechanical stripping programs completed in 2025.
  • Bold holds a carried interest in the Black Horse Chromite deposit at Koper Lake, adjacent to Ring of Fire Metals’ Eagle’s Nest nickel-copper deposit – a key critical-minerals hub for Ontario.
  • Recent exploration success at the Wilcorp property revealed a new style of gold-silver-copper mineralization, adding significant upside potential.
  • The company also owns and continues to evaluate its Traxxin Gold, Farwell Gold-Copper, Springpole East Gold, and Joutel Gold-Base Metal projects.
  • Bold’s management and technical teams have participated in three world-class discoveries – Eagle River, Windfall Lake and the Ring of Fire deposits – providing deep operational and geological expertise.

Key Projects

Burchell Gold and Battery Metals Project

The Burchell property (242 claims covering 4,607 ha) lies about 100 km west of Thunder Bay, contiguous with Gold X2 Mining Inc.’s Moss gold project hosting the 6-Moz Moss Lake deposit.

Project Highlights:

  • Western Shebandowan Greenstone Belt: The Burchell project is located in the Western Shebandowan Greenstone Belt, a high-potential, active mineral belt containing copper, gold, silver, nickel, zinc, molybdenum and other minerals.
  • Contiguous with Significant Gold Property: The Burchell property is contiguous with Goldshore Resources’ Moss gold project. The Moss Lake gold deposit lies within a major 25 km NE-trending structural corridor which also hosts the past-producing North Coldstream Mine and the East Coldstream gold deposit.
  • Exploration permits were granted (Aug 2025) for line cutting, stripping, geophysical surveys and diamond drilling. Mechanical stripping and channel sampling of the 111 Zone and seven additional targets have been completed (Sept 2025). Drilling preparations are underway.
  • 111 Zone Discovery: Sheared, silicified volcanics returned values up to 68 grams per ton (g/t) gold and 2.1 g/t gold over 0.5 m; anomalous zone 4.5 to 6.5 m wide and open along strike and depth.
  • Soil Geochemistry: MMITM soil survey identified gold, copper and molybdenum anomalies coincident with a magnetic low along strike of the Moss Trend.
  • New Showings: “Winter Gold” (952 parts per billion gold, 300 parts per million silver), “Moosehead Zone,” and other targets outline a 2.9 km discontinuous gold trend across the property.

Burchell Property Major Showings and Land Position

Traxxin Gold Project

The 100 percent owned Traxxin gold project is 130 km west of Thunder Bay and has 217 claims covering 4,043 hectares. The project has excellent existing infrastructure and is road-accessible, located between two major highways, cutting down on future development costs.

Project Highlights:

  • Close Proximity to Significant Gold Deposit: The project is 40 km east of Agnico Eagle’s Hammond Reef deposit, which contains 5.6 Moz of gold at 0.71 g/t, including reserves, measured and indicated.
  • Promising New and Historical Exploration Results: The 2021 drill hole campaign results indicated 3.6 g/t gold over 12.3 meters, including 6.13 g/t gold over 4.88 m.
  • A joint venture with Lac des Mille Lacs First Nation (LDMLFN) continues to advance the project.
  • Future plans include geophysical extension of the Main Zone northward and testing southern targets.

Farwell Gold-Copper Project

Located 55 km NW of Wawa, the 6,440-hectare Farwell project hosts gold-bearing quartz veins and base-metal VMS-style mineralization. Recent VTEM and magnetic surveys identified multiple targets for follow-up drilling. Geological and geophysical modelling was completed in 2025 to refine priority zones for testing in 2026.

Project Highlights:

  • Promising Geological Formations: The claim group hosts gold-bearing quartz veins located within an iron formation that stretches along the western extensions of a major deformation zone. Additionally, there is base metal volcanogenic massive sulphide (VMS) style mineralization of copper, zinc, lead and silver. The property also features deformed ‘Timiskaming’ style conglomerates along the gold mineralizing trend (similar to Kirkland Lake, Geraldton).
  • Exploration Highlights and Future Drill Targets: A VTEM survey has identified multiple anomalous areas for future drilling. Additional results and interpretation were incorporated into the existing database for future exploration and drill testing.
  • Nearby existing infrastructure: Less than 2 km west of the Eagle River gold mines haulage road and is located approximately 6 km from the Eagle River Mill complex that also connects to major highways.

Wilcorp Gold Project

The Wilcorp property spans 264 ha with 18 staked and four patented claims. The project is located 17 km south of Hammond Reef and 32 km west of Traxxin.

Project Highlights:

  • Historical Results: The Eagle prospect area has significant historical gold discoveries. Maps from 1946 indicate values up to 11.1 g/t gold over 4.1 m including 30.8 g/t gold over 0.8 m in core (unsubstantiated in the modern era). Recent values include up to 16.3 g/t gold in an area where 1990s drilling returned 1.8 g/t gold over 7.6 m.
  • Sampling Results: In 2012, 62 grab samples ranged from <5 ppb gold up to 14,403 ppb gold (14.4 g/t gold), and in 2024, 39 grab samples ranged from <5 ppb gold up to 16,300 ppb gold (16.3 g/t gold).
  • Geological Setting: The property is proximal to the Quetico Fault, a major east-west fault zone. Gold mineralization is hosted in shear zones in volcanic and dioritic rocks which are subparallel to the Quetico Fault.

Koper Lake Project (Ring of Fire)

The Koper Lake property (1,024 ha) is one of Bold’s long-term critical-metal assets, located within 300 m of Ring of Fire Metals’ Eagle’s Nest nickel-copper deposit.

Project Highlights:

  • Multiple Commodity Streams: The Koper Lake project has significant potential for critical minerals, with potential to develop battery metals, chromite and precious metals for multiple revenue streams.
  • Black Horse Chromite Deposit: NI 43-101 inferred resource of 85.9 Mt grading 34.5 percent Cr₂O₃ (at 20 percent cut-off). Bold owns a 10 percent carried interest through to production in chromite, and a 40 percent working interest in all other metals, with a right of first refusal on a 1 percent NSR.
  • All Other Metals Ownership Interests: Bold 40 percent working interest, KWG 60 percent working interest; Bold has option to earn up to 80 percent working interest leaving KWG with a 20 percent working interest.

Ring of Fire Claims

The Ring of Fire asset is a future key project that will be given further attention as the Ring of Fire regional infrastructure and First Nation agreements are developed.

Project Highlights:

  • The Ring of Fire Claims project is a grassroots exploration project that has significant potential targeting the battery metals nickel, copper and platinum group elements.
  • Bold carried out a VTEM airborne survey in 2013 that located numerous geophysical anomalies that are prospective for battery metals.
  • Further exploration is pending the development of access, infrastructure and First Nation agreements.

Springpole East Gold Project

The Springpole East gold project covers 4,180 hectares across 208 single-cell claims, located about 120 km east-northeast of Red Lake and 9 km east of First Mining Gold’s 4.9-million-ounce Springpole deposit. The property directly adjoins First Mining’s land package, placing Bold within the same gold-bearing structural corridor that hosts Springpole. Recent exploration by previous operators identified angular granitic boulders returning 191 to 1,270 ppb gold and mapped banded iron formations corresponding to strong magnetic anomalies in the northwest part of the property. Despite its highly prospective setting, the area remains underexplored, providing Bold with an opportunity for first-pass systematic fieldwork, including lake-sediment sampling and targeted prospecting planned for 2026.

Joutel Gold and Base Metal Project

The Joutel gold and base metal project comprises 41 mineral claims across 2,269 hectares in two claim groups, located about 140 km northwest of Val-d’Or and 6.5 km south-southeast of the former mining town of Joutel. The property lies within an established polymetallic belt that hosts the historic Joutel gold and base-metal mines and the nearby Explo-Zinc deposit. Bold first worked the area in 2012, conducting VTEM and magnetic surveys that outlined multiple untested anomalies. Historical drilling in the vicinity returned encouraging results, including 0.83 percent nickel over 3.7 m (1.27 percent nickel over 2.3 m sub-interval) and 0.51 g/t gold over 3.05 m, confirming the project’s nickel-gold-zinc polymetallic potential. Planned next steps include soil sampling and reconnaissance prospecting to refine Phase I drill targets in 2026.

Management Team

David Graham – Chief Executive Officer and Director

David Graham has been active in the mineral exploration industry for over 40 years. Between 1997 and 2004 he was co-founder, president and CEO of Normiska Corporation, an industrial minerals and materials company with four production facilities in Canada and the US.

Between 2006 and 2010 he was a director and vice-president of Noront Resources. During this time the company made major discoveries at Windfall Lake in Urban Twp., Quebec and the Ring of Fire in the James Bay Lowlands of Ontario. Graham has worked extensively in Canada as well as in the US, Scandinavia and Africa. His experience has frequently included working with First Nations and regulatory agencies on projects that ranged from a grassroots stage to advanced development.

Bruce MacLachlan – President and Chief Operating Officer

With over 40 years of experience in the exploration industry, Bruce MacLachlan is a proven exploration manager and has been a key member of a number of mineral discovery teams, including Noranda Exploration, Battle Mountain Gold, CanAlaska Uranium and Noront Resources. He was a prospector at Noranda Exploration and Battle Mountain Gold, exploration manager at CanAlaska Uranium and Noront Resources. He is a co-founder and president of Emerald Geological Services (EGS), a consulting company created in 2001.

Coleman Robertson – Vice-president of Exploration

Coleman Robertson is a professional geologist who has worked exploring for gold, base metals and rare earth elements. His experience includes a wide range of exploration activities from grassroots to discovery stage projects. Employed by EGS since 2017, Robertson is vice-president of exploration for EGS and has experience with multiple projects in multiple jurisdictions, including Bold’s gold and copper projects in Northwestern Ontario and EGS’s high grade Cu-Ag-Pb-Zn-Au-Co project in Nunavut.

Robert Suttie – Chief Financial Officer

Robert Suttie currently serves as CFO with over 40 years’ experience as a consultant raising capital for emerging companies. He has been a director/executive at several private/public corporations.

William Johnstone – Corporate Secretary and Legal Counsel

William Johnstone is the company’s corporate counsel and corporate secretary. Johnstone has been a partner at Gardiner Roberts LLP since February 2005, practicing in the areas of corporate and securities law for over 40 years.

Ian Bodie-Brown – Director

Ian Bodie-Brown is an industry consultant with over 35 years’ experience. He is chairman of Rio Silver (on the TSX Venture Exchange) and a professional geologist.

Steve Brunelle – Director

Steve Brunelle is a professional geologist with over 35 years’ experience and is the chairman of Rio Silver (on the TSX Venture Exchange).

This post appeared first on investingnews.com

U.S.-based companies announced more than 153,000 job cuts in October, the research firm Challenger, Gray & Christmas reported Thursday.

“This is the highest total for October in over 20 years, and the highest total for a single month in the fourth quarter since 2008,’ the firm said in a news release.

From January through the end of October, employers have announced the elimination of nearly 1.1 million jobs. It’s the most Challenger has recorded since 2020, when the Covid-19 pandemic shut down the global economy.

“October’s pace of job cutting was much higher than average for the month,’ Andy Challenger, the firm’s chief revenue officer, said in a statement. The last time there was a higher October monthly total was in 2003.

“Some industries are correcting after the hiring boom of the pandemic, but this comes as AI adoption, softening consumer and corporate spending, and rising costs drive belt-tightening and hiring freezes,” he said.

On Wednesday, the private payroll processor ADP released its own October jobs data, showing that employers added just 42,000 jobs in the month.

The ADP report also flagged job losses in the leisure and hospitality sector as a potential sign of trouble ahead, given the industry’s acute sensitivity to consumer sentiment.

ADP’s chief economist called the losses in hospitality and leisure a ‘concerning trend.’

Both Challenger and ADP’s reports landed as major companies such as Amazon, IBM, UPS, Target, Microsoft, Paramount and General Motors announced plans to eliminate tens of thousands of jobs.

Despite the wave of downbeat economic news, the Trump administration continues to deliver an upbeat take on the current environment.

“Jobs are booming” and “inflation is falling,” Treasury Secretary Scott Bessent said Tuesday.

However, the most recent available data paints a different picture.

Inflation has also been on the rise. Prices as measured by the Consumer Price Index overall have risen every month since April.

A spokesperson for the Treasury Department did not immediately reply to a request for comment on the Challenger report.

Challenger’s report does not typically carry the same weight with economists and investors as federal jobs data, owing to its methodology.

To arrive at its figures, the firm compiles the number of job cuts companies have publicly announced. But employers may not ultimately carry out all the cuts they roll out.

Moreover, some of the job cuts that multinational companies announce could affect workers outside of the United States. Other headcount reductions could be achieved through attrition, rather than layoffs. The report also may not capture smaller layoffs over the long run.

But in the midst of a federal data blackout caused by the government shutdown, Challenger’s latest report is being read more closely than usual.

The federal government’s October jobs report that would traditionally be released Friday will not be published this week, due to the shutdown.

Other key data about the U.S. economy like GDP and an inflation indicator called PCE, closely watched by the Federal Reserve, has also been delayed.

Challenger equated the impact of AI on the current labor market to the rise of the internet in the early aughts. “Like in 2003, a disruptive technology is changing the landscape,” it said.

‘Technology continues to lead in private-sector job cuts as companies restructure amid AI integration, slower demand, and efficiency pressures,’ Challenger said.

But even firms that are not actively cutting jobs have warned that they do not plan to add to their headcount in the near term, with several pointing directly to AI’s impact on their personnel needs.

On Wednesday night, JPMorgan Chase CEO Jamie Dimon told CNN that headcount at his company would likely remain steady as the nation’s largest bank rolls out AI internally.

Goldman Sachs CEO David Solomon also recently told his employees that the firm would ‘constrain headcount growth through the end of the year,’ as it takes advantage of AI efficiencies, Bloomberg reported.

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A federal judge criticized the Justice Department for allegedly being too quick to indict in high-profile cases on Wednesday.

Magistrate Judge William Fitzpatrick of the Eastern District of Virginia made the comments during a brief hearing regarding the case against former FBI Director James Comey.

‘Right now, we are in a bit of a feeling of indict first, investigate later,’ Fitzpatrick said in the hearing, which lasted less than an hour.

Fitzpatrick questioned prosecutors about their handling of data acquired from a number of search warrants between 2019 and 2020, information which is now being used in Comey’s case. The judge pressed prosecutors on whether they may have viewed information that may be protected by attorney-client privilege.

Fitzpatrick also noted the size of the trove of documents, saying Comey’s defense team has been placed at a disadvantage with a limited time to view the set.

‘The government has had this for five and a half years … this is an unfair burden the government is placing on the defense, but I don’t see another path forward,’ the judge said.

Comey’s team has sought to have his case dismissed, arguing he is the victim of selective prosecution by President Donald Trump.

The DOJ denied in a 48-page filing that Trump’s September Truth Social post calling on U.S. Attorney General Pam Bondi to prosecute prominent political adversaries, including Comey, Sen. Adam Schiff, D-Calif., and New York Attorney General Letitia James, had any influence on the decision to bring charges.

‘These posts reflect the President’s view that the defendant has committed crimes that should be met with prosecution. They may even suggest that the President disfavors the defendant. But they are not direct evidence of a vindictive motive,’ prosecutors argued.

‘The defendant spins a tale that requires leaps of logic and a big dose of cynicism, then he calls the President’s post a direct admission,’ they continued. ‘There is no direct admission of discriminatory purpose. To the contrary, the only direct admission from the President is that DOJ officials decided whether to prosecute, not him.’

Fox News’ Ashley Carnahan contributed to this report.

This post appeared first on FOX NEWS

Leaders of a 189-member group that acts as the House GOP’s de facto conservative think tank are formally endorsing a new short-term federal funding bill.

With just over two weeks until the deadline for Republicans’ initial Nov. 21 plan and the threat of more government shutdown chaos, the Republican Study Committee (RSC) Steering Committee is calling for an extension into ‘at least’ January 2026.

‘Democrats are responsible for the longest government shutdown in U.S. history — paralyzing our country and deepening the healthcare crisis sparked by Obamacare,’ reads a statement first obtained by Fox News Digital.

‘House conservatives support a return to regular order accomplished only by a continuing resolution that funds the government at least into January 2026.’

A debate is already brewing within the GOP about how long another extension should last, with some conservatives even demanding a bill carrying last year’s federal spending levels through at least November 2026.

The House passed a short-term measure called a continuing resolution (CR) on Sept. 19, aimed at extending fiscal year (FY) 2025 funding levels for seven weeks to give lawmakers more time to strike a deal on FY 2026 federal spending.

But progress has been stalled in the Senate for weeks, where Democrats are demanding any spending bill be paired with an extension of COVID-19 pandemic-era Obamacare subsidies set to expire at the end of this year.

Senate Majority Leader Thune, R-S.D., has floated the idea of holding a vote on extending the subsidies if Democrats agree to Republicans’ CR, which is currently free of partisan policy riders.

It’s not clear if there’s an appetite for such a vote in the House, RSC leaders’ new statement suggests.

‘We are also committed to delivering a healthcare system that is truly accessible, affordable, and spurs innovation. Congress should reject any extension of the wasteful COVID-era subsidies that fuel fraud and drive up costs,’ they said.

The latest position by the RSC, led by Rep. August Pfluger, R-Texas, is likely an accurate indication of where most House Republicans’ feelings on both the CR and the Obamacare subsidies are.

Speaker Mike Johnson, R-La., signaled support for a January CR on a private call with House GOP lawmakers on Tuesday, Fox News Digital was told earlier this week.

House Appropriations Committee Chairman Tom Cole, R-Okla., told Fox News Digital last month that he and others on his committee could support an extension into January.

But both issues are likely to see debate within the House GOP, not to mention the chamber as a whole.

Just over a dozen Republicans led by Rep. Jen Kiggans, R-Va., are supportive of extending the enhanced Obamacare subsidies by a year as a cushion to give the GOP more time to reform the flawed U.S. healthcare system.

Without it, some members of that coalition have argued, millions of Americans could be faced with a fiscal cliff leaving them to pay significantly more per month for their healthcare.

And on the CR debate, the House Freedom Caucus led by Rep. Andy Harris, R-Md., recently released a statement calling for a CR that extends at least into November 2026.

Their reasoning is that such a measure is the most effective way of keeping federal spending low and avoids another messy government funding fight until after the midterm elections.

But appropriators are against such a move, arguing that Congress must follow its constitutional duty in setting a yearly budget rather than relying on spending levels first passed under former President Joe Biden for another year.

It’s also not clear that Democrats, at least several of whom are needed to break a filibuster in the Senate, would accept a year-long CR.

Meanwhile, the government shutdown is in its 37th day, already having made history as the longest fiscal standoff in U.S. history.

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House Speaker Mike Johnson, R-La., sharply diverged from his Senate counterpart on Thursday as the upper chamber continues to negotiate a way out of the government shutdown.

Johnson said he would not commit to holding a vote on extending COVID-19 pandemic-era enhanced Obamacare subsidies, which are set to expire at the end of this year without congressional action.

Senate Majority Leader John Thune, R-S.D., however, had been floating a vote on such an extension in exchange for Democrats voting to end the shutdown — which is now in its 37th day.

‘Leader Thune has bent over backwards. He’s offered them a vote. You know what they told him in response? ‘No, we need you to guarantee the outcome of that vote.’ Well, that’s ridiculous,’ Johnson said when asked about holding such a vote by a guaranteed date in the House if the deal succeeds in breaking the logjam.

When pressed again on a vote, he said, ‘No, because we did our job, and I’m not part of the negotiation.’

‘The House did its job on Sept. 19. I’m not promising anybody anything. I’m going to let this process play out,’ Johnson said.

The issue of enhanced Obamacare subsidies has been a matter of debate within the GOP, with some Republicans in more moderate districts calling for at least a year-long extension to give lawmakers time to create a new healthcare deal in its place.

But House conservatives are rejecting any such extension out of hand. Fox News Digital first reported that leaders of the 189-member Republican Study Committee issued an official position earlier Thursday demanding the credits not be extended.

It’s been a key ask for Democrats, however, that such an extension be paired with any federal funding bill before they agree to help end the shutdown.

Senate Democrats are huddling on Thursday afternoon to discuss what they could and could not accept out of a deal to end the government shutdown.

There are a dozen in the caucus who have been meeting to find a way out of the shutdown, but following Democrats’ Tuesday night election sweep, many in their caucus feel emboldened that their shutdown strategy is working and don’t want to let up yet.

Sen. Chris Murphy, D-Conn., said he believed Tuesday’s election was ‘having an impact’ on the caucus.

‘It would be very strange for the American people to weigh in, in support of Democrats, standing up and fighting for them, and then within days, for us to surrender without having achieved any of the things that we’ve been fighting for,’ Sen. Chris Murphy said.

The majority of the caucus demands a guarantee on a deal rather than the promise of a process, given that a proposal to extend the expiring subsidies from Democrats without major reforms to the program would likely fail in the Republican-controlled chamber.

But Thune has remained adamant that he can’t promise anything more than a vote and can’t predict an outcome.

‘I made this very clear to them, I can’t guarantee them an outcome,’ Thune said. ‘I can guarantee them a process, and they can litigate the issue, get the vote on the floor, and presumably they have some way of getting a vote in the House at some point, but I can’t speak for the House.’

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Russian President Vladimir Putin said Wednesday his country will draw up plans to conduct nuclear tests after President Donald Trump announced the U.S. would do the same last week.

The Kremlin leader said he has asked relevant departments to ‘submit coordinated proposals regarding the possible commencement of work to prepare for nuclear weapons testing.’

‘Russia has always strictly adhered and continues to adhere to its obligations under the Comprehensive Nuclear-Test-Ban Treaty (CTBT), and we have no plans to deviate from these commitments,’ Putin said at a meeting of the Russian national security council.

The treaty was signed but never ratified by the U.S.

If the U.S. or other signatories of the treaty begin nuclear testing, ‘Russia would also have to take appropriate and proportionate responsive measures,’ Putin added.

In the past week, Trump has both announced the U.S. will reignite nuclear testing and suggested he is working on a deal to denuclearize with Russia and China.

‘We redid our nuclear — we’re the number one nuclear power, which I hate to admit, because it’s so horrible,’ Trump said during a speech at the American Business Forum in Miami.

‘Russia’s second. China’s a distant third, but they’ll catch us within four or five years,’ he added. ‘We’re maybe working on a plan to denuclearize, the three of us. We’ll see if that works.’

Last week, Trump announced on Truth Social, ‘because of other countries testing programs, I have instructed the Department of War to start testing our Nuclear Weapons on an equal basis. That process will begin immediately.’

The War Department handles the testing of nuclear-capable weapons, while the Energy Department’s National Nuclear Security Administration (NNSA) would be responsible for testing explosives.

Some 1400 workers, 80% of the NNSA, are currently on furlough due to the government shutdown.

The U.S. regularly tests nuclear-capable vehicles, missiles and rockets, but the U.S. has not conducted an explosive nuclear test since 1992. Russia’s last known test was in 1990.

Russia last week did claim to test two delivery vehicles: an undersea torpedo known as Poseidon and a nuclear-powered cruise missile.

The U.S. conducted a nuclear-capable weapon test on Wednesday, launching the intercontinental ballistic missile Minuteman III into the air from Vandenberg Space Force Base in California. It landed 4,200 miles away at a U.S. test site in the Marshall Islands.

Dmitry Medvedev, Russia’s former president who holds a top post on its security council, wrote on X that ‘No one knows what Trump meant about ‘nuclear testing’,’ adding, ‘he probably doesn’t himself.’

‘But he’s the president of the United States. And the consequences of such words are inescapable: Russia will be forced to assess the expediency of conducting full-fledged nuclear tests itself,’ Medvedev added.

Russia’s defense minister, Andrey Belousov, said Wednesday that he believes the U.S. in general is ‘actively increasing its strategic offensive capabilities.’

‘We must, of course, focus not only — or even primarily — on statements and remarks made by American politicians and officials, but above all on the actual actions of the United States of America.’

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The battle for control of the House is set to kick into high gear with the 2025 elections in the rearview mirror, and both sides are optimistic about their chances after Tuesday night.

Democrats are flying high after their victories in key elections in Virginia, California and New Jersey, celebrating those wins as a decisive rejection of President Donald Trump’s administration. But Republicans are still confident in their chances of keeping the House next year and are poised to use the far-left’s success in New York City as a nationwide political cudgel.

‘Yesterday was a big night for America and a big night for the Democratic Party, as candidates across the country, up and down the ballot, decisively defeated MAGA Republicans in an extraordinary rejection of the extremism that the American people have been experiencing since Day 1 of Donald Trump’s presidency,’ House Minority Leader Hakeem Jeffries, D-N.Y., said at a press conference Wednesday.

A memo circulated by the Jeffries-aligned House Majority PAC and obtained by Fox News Digital exuded confidence: ‘With less than one year until Election Day, Democrats remain poised to take back the House in 2026 and elect Leader Hakeem Jeffries as the next Speaker.’

But Jeffries’ counterpart, House Speaker Mike Johnson, R-La., had a very different interpretation.

‘There’s no surprises. What happened last night was blue states and blue cities voted blue. We all saw that coming, and no one should read too much into last night’s election results. Off-year elections are not indicative of what’s to come,’ Johnson said at his own news conference. ‘I think that when we go into next year in the midterms, we’re very bullish about the outcome. We have an extraordinary record to run on.’

A House GOP campaign operative who spoke with Fox News Digital was also confident about Republicans’ ability to keep the majority next November, arguing the key lies in voter turnout.

‘I think we actually had a good turnout night. They just had a monster one,’ the GOP operative said of New Jersey, where Democratic Rep. Mikie Sherrill defeated Republican Jack Ciattarelli.

‘They had midterm turnout in an off-year [governor] race. And so I think it comes down to us continuing to do the work to show that we need people to show up when the president is not on the ballot.’

They also dismissed Democrats’ inroads with Hispanic and Latino voters in New Jersey as recoverable for the GOP.

‘I think it goes back to, across-the-board, getting our voters to show up,’ the GOP operative said. ‘With Hispanic voters specifically, keep putting in the work, and we can’t take them for granted… it’s felt like, in some of those races, that they were not making the attempt to talk to them on our side.’

On the other side, an operative familiar with House Democrat campaigns said they’re taking lessons from a renewed surge of enthusiasm by two groups — Hispanic voters and women.

And while acknowledging the groups were not monolithic, the Democratic operative said most Americans were all focused on the same issue: cost of living.

‘I think it’s just like a very helpful reminder to double down on the issues that people care about most. Poll after poll, public and private, is telling you that Americans in any district care most about the cost of living and rising costs and being able to afford things,’ they said. ‘I think those are the solutions that people want to hear, and we should be proactive in speaking to them.’

The Democratic operative argued that issue drove the successes of Sherrill and former Rep. Abigail Spanberger, who defeated GOP Lt. Gov. Winsome Earle-Sears in Virginia and became a main facet of House Democrats’ most contentious campaigns.

Another issue being viewed in opposing lights by both sides is the victory of socialist Zohran Mamdani in the New York City mayoral race.

‘The biggest takeaway I have is that not a day should go by when a Republican candidate, a member on the trail, a member of leadership, whoever, whatever branch they’re in, whether state, local, federal, House, Senate, governors, whatever, should talk about Zohran Mamdani,’ the GOP operative said. ‘I think he is the party now, frankly.’

The Democratic source said, ‘We just kind of saw a proof point that it’s not effective, because they were trying this in races across the country here, and it didn’t work.’

They pointed to Republicans’ attempts to tie Rep. Alexandria Ocasio-Cortez, D-N.Y., to vulnerable Democrats nationally after her upset victory in 2018.

‘It just doesn’t work,’ they said. ‘Somebody in the Virginia Beach area of the country does not give a s— about who the mayor of New York City is. They care about the cost of living.’

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Trading resumes in:

Company: Nevgold Corp.

TSX-Venture Symbol: NAU

All Issues: Yes

Resumption (ET): 11:00 AM

CIRO can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

SOURCE Canadian Investment Regulatory Organization (CIRO) – Halts/Resumptions

View original content: http://www.newswire.ca/en/releases/archive/November2025/06/c8696.html

News Provided by Canada Newswire via QuoteMedia

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