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Tense scenes played out in the House of Representatives on Tuesday night as a group of moderate Republicans took a stand against a trio of GOP-led labor rule bills.

One of those bills failed to pass, while the other two were quickly scuttled to avoid the same fate — an embarrassing blow to House Republican leadership and the majority of GOP lawmakers who supported them.

It’s an example of a situation that has been growing increasingly common in Congress’ lower chamber as Republicans wrestle with a party-line majority of anywhere between three and one vote, depending on attendance that day.

‘We’ve got simple bills like this that should be a no-brainer, and we’ve got several moderate Rs that are going to kill the bill,’ Rep. Greg Steube, R-Fla., told Fox News Digital on the sidelines just before the first bill failed. ‘What I foresee, and you’re seeing it in appropriations bills, they don’t care about guys like me … they’re just working with the Democrats to pass them.’

Several Republicans who spoke with Fox News Digital this week said there’s growing concern about Democrats growing their number of legislative victories despite Republicans holding the gavel — or potentially using their numbers to take over the agenda.

As Rep. Tim Burchett, R-Tenn., put to reporters last week, ‘We are one flu season away from losing the majority.’

Steube said he did not believe Democrats could actually take the speaker’s gavel but conceded the situation was tenuous. He pointed to the recent sudden death of Rep. Doug LaMalfa, R-Calif., as an example.

‘You’re a heart attack and a car accident away from the majority. There’s people in our conference that are not young people. I mean, you saw what just happened with LaMalfa. In my opinion, he was young, 65. We have people who are much older in the conference,’ he said Tuesday night.

‘Now, Democrats couldn’t take over the gavel, but like, what you’re seeing here, you’ve got attendance issues, you’ve got seven Republicans voting with the Democrats. You lose more than two, you’re toast.’

Despite that, however, Speaker Mike Johnson, R-La., denied there was a fight for the agenda on Tuesday night.

‘We’re totally in control of the House,’ he told reporters. 

He added, however, that leaders were watching attendance closely.

‘They’d better be here,’ Johnson said of his members. ‘I told everybody, and not in jest, I said, no adventure sports, no risk-taking, take your vitamins. Stay healthy and be here.’

It comes after several recent incidents that have put their tenuous grasp on the House in perspective for Republicans.

Former Rep. Marjorie Taylor Greene, R-Ga., abruptly resigned earlier this year after publicly falling out with President Donald Trump. Rep. Jim Baird, R-Ind., returned on Tuesday badly bruised from a car accident that he spent the week prior recovering from.

And just this week, Rep. Greg Murphy, R-N.C., said he is home recovering from major brain surgery. Rep. Derrick Van Orden, R-Wis., is in his district caring for his ill wife.

Beyond conversations about their own mortality, it’s also spurred discussion among some Republicans about what unexpected life events could do to their majority.

‘The margins are really, really close. A few of us were in a car the other day, driving … if that became an accident, that would have tipped the scale. So I think it’s a concern to be vigilant, prudent, and just understand that the consequences of an accident may have, you know, consequences outside of the norm,’ Rep. Ryan Zinke, R-Mont., told Fox News Digital.

He also warned his fellow Republicans, as a former Navy SEAL, to be mindful of unsafe situations.

‘Say some evil mind wants to change the majority in the House — we don’t have the same protection that the president does. And that’s why I say just remain vigilant,’ Zinke said. ‘I have faith that we’ll continue, but I think it should be a concern, because it’s a big deal to change power outside of a normal election cycle.’

One House Republican speaking to Fox News Digital anonymously pointed out that there appeared to be more Democrats than Republicans voting on a slate of bills — albeit, relatively uncontroversial ones — on Monday night.

‘I’d guess they’re terrified,’ the lawmaker said of GOP leaders on Tuesday. ‘Sometimes life happens — look at Derrick Van Orden … car accidents, COVID, or flu. I mean, I don’t think we had the majority last night.’

‘They’re going to have to get smart about the calendar, probably break some arms,’ that GOP lawmaker said. ‘It’s kind of unprecedented. I don’t know how it would work. Say, unfortunately, someone else passed. You can’t fix that. You may have to wait a few months. You might have to strip committees. There’s a whole lot of uncharted waters to deal with.’

There are also more than a dozen GOP lawmakers running for higher office — something that could also spur absences, as South Carolina gubernatorial candidate Rep. Nancy Mace, R-S.C., pointed out.

She dismissed fears of Democrats taking over the agenda, however.

‘Certainly there’s concern with the slim majority. There are many of us that are running for higher office as well, and as the debate season gets underway, there’s going to be members that miss votes to make debates and to be campaigning,’ Mace said.

Rep. Andy Ogles, R-Tenn., told Fox News Digital he was not worried about Democrats taking over the floor but conceded there was tension over the slim margins for Republicans.

‘I know they’re carefully watching attendance,’ Ogles said. ‘I think the joke is that no two members should travel together at this point.’

But not all House Republicans are agonizing over how the politics of the situation are playing out.

One moderate GOP lawmaker who spoke with Fox News Digital anonymously said the thin majority could save Republicans in the middle from taking politically perilous votes.

‘It gives folks in the center a little more juice on preventing bills from coming to the floor,’ they said.

An example they used is Thursday morning’s expected vote on a bill dealing with the joint-employer labor rule, telling Fox News Digital, ‘There’s an active effort among pro-labor Republicans to block that from coming to the floor, and we can only really get that done in our majority.’


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A Senate Republican wants to codify President Donald Trump’s desire to cap credit card interest rates, but it’s an idea that’s already been met with resistance among top Republicans.

Sen. Roger Marshall, R-Kan., plans to introduce legislation that would make good on Trump’s push to cap credit card interest rates at 10% for one year. However, Republican leadership in both chambers has already pushed back against the idea, arguing that it could lead to credit scarcity.

Marshall’s bill, the Consumer Affordability Protection Act, would limit the amount that credit card companies could charge for one year, capping the ceiling at Trump’s desired rate of 10%.

That cap would only apply to banks and financial institutions with over $100 billion in assets, with the idea being that smaller community banks and most credit unions would not be affected.

Marshall said in a statement to Fox News Digital that the legislation was about ‘giving families breathing room, restoring fairness in the marketplace, and making sure the American Dream is still within reach for everyone who works hard and plays by the rules.’

‘Credit cards were meant to be a tool — not a trap,’ Marshall said. ‘Right now, millions of hard-working Americans are getting crushed by outrageous interest rates that make it nearly impossible to pay down debt and get ahead.’

The bill follows Trump’s demand that Americans no longer be ‘‘ripped off’ by credit card companies that are charging interest rates of 20 to 30%, and even more, which festered unimpeded during the Sleepy Joe Biden Administration.’

He set a target date for the cap of Jan. 20, the one-year anniversary of his inauguration to his second term in office.

‘AFFORDABILITY! Effective January 20, 2026, I, as President of the United States, am calling for a one year cap on Credit Card Interest Rates of 10%,’ Trump said on Truth Social.

Marshall’s push isn’t his first foray into the world of credit — he and Senate Minority Whip Dick Durbin, D-Ill., have a long-simmering bill that would boost competition among credit card payment networks. Trump endorsed that legislation earlier this week, and the bipartisan duo reintroduced it in the Senate shortly after.

Durbin and Sen. Peter Welch, D-Vt., are co-sponsors of Marshall’s latest bill. Trump and Marshall also have an unlikely ally in Sen. Elizabeth Warren, D-Mass. The progressive lawmaker spoke with the president earlier this week about affordability, and both found middle ground on their desire to cap credit card interest rates. But she was wary that any real action, either from the White House or the GOP-controlled Congress, would come to fruition. 

‘I supported it for years,’ Warren said. ‘And when he first floated the idea over a year ago, I said, ‘I’m all in,’ and so far, Trump hasn’t done anything.’

But despite Trump’s edict and the patchwork of bipartisan support, the top Republicans in Congress aren’t completely sold on the idea.

Senate Majority Leader John Thune, R-S.D., warned that capping credit card interest rates could ‘probably deprive an awful lot of people of access to credit around the country.’

‘Credit cards will probably become debit cards,’ Thune said. ‘So, yeah, I mean, that’s not something I’m out there advocating for.’

And House Speaker Mike Johnson, R-La., warned of ‘unintended consequences’ of such a change.

‘One of the things that the president probably had not thought through is the negative secondary effect: they would just stop lending money, and maybe they cap what people are able to borrow at a very low amount,’ Johnson said.


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Israel will reportedly honor slain conservative activist Charlie Kirk with an award for his efforts battling antisemitism.

Israeli Prime Minister Benjamin Netanyahu’s office indicated that this recognition will take place at the International Conference on Combating Antisemitism, The Associated Press reported.

Kirk, who founded the conservative organization Turning Point USA, was assassinated while holding an event at Utah Valley University in September.

‘A lion-hearted friend of Israel, he fought the lies and stood tall for Judeo-Christian civilization,’ Netanyahu said in a post on X on the day Kirk was fatally shot.

In the post, the Israeli leader called Kirk ‘an incredible human being’ whose ‘boundless pride in America and his valiant belief in free speech will leave a lasting impact.’

Kirk asserted in a post on X less than a month before he was killed, ‘Jew hate has no place in civil society. It rots the brain, reject it.’ 

Kirk, who was a supporter of Israel, indicated last year on ‘The Megyn Kelly Show’ that some in the pro-Israel camp had unfairly criticized him.

‘The behavior by a lot, both privately and publicly, are pushing people like you and me away. Not like we’re gonna be pro-Hamas,’ he said. ‘But we’re like, honestly, the way you are treating me is so repulsive.’

Tyler Robinson

‘I have text messages, Megyn, calling me an antisemite. I am learning biblical Hebrew and writing a book on the Shabbat. I honor the Shabbat, literally the Jewish sabbath. I visit Israel and fight for it,’ he noted at the time.

The Associated Press contributed to this report.


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President Donald Trump is slated to meet with Venezuela’s opposition leader and 2025 Nobel Peace Prize recipient María Corina Machado at the White House Thursday. 

Trump announced Jan. 3 that the U.S. had captured dictator Nicolás Maduro and that the U.S. would be running Venezuela until a safe transition could occur. But instead of endorsing Machado, Trump cast doubt on her abilities to lead the country. 

‘I think it would be very tough for her to be the leader,’ Trump told reporters on Jan. 3. ‘She doesn’t have the support within or the respect within the country. She’s a very nice woman, but she doesn’t have the respect.’ 

Secretary of State Marco Rubio said that the administration chose not to support Machado because the U.S. didn’t want to make similar mistakes to the ones it’s previously made in the Middle East in Latin America, although he said he had ‘tremendous admiration’ for Machado.

‘But there’s the mission that we are on right now. … A lot of people analyze everything that happens in foreign policy through the lens of Iraq, Libya, or Afghanistan,’ Rubio said Jan. 4 in an interview with CBS. ‘This is not the Middle East. This is the Western Hemisphere, and our mission here is very different.’

A classified CIA assessment, which senior policymakers requested and presented to Trump, evaluated who would be the best fit to oversee an interim government in Venezuela following the overthrow of Maduro, a source familiar with the intelligence told Fox News Digital. Ultimately, it determined that Marduro’s vice president, Maduro’s vice president, Delcy Rodríguez, would be best situated to lead the country. 

Although the Washington Post reported that Trump was annoyed Machado won the Nobel Peace Prize in 2025 — an award he had hoped to receive and that Machado dedicated to him — the White House claimed that Trump’s choices were based on ‘realistic decisions.’ 

As a result, Trump has put his support behind Rodríguez who is now serving as interim president. On Wednesday, Trump shared he had a call with Rodríguez, and later described her as a ‘terrific’ person.’  

‘We are making tremendous progress, as we help Venezuela stabilize and recover,’ Trump said in a social media post Wednesday.

‘This partnership between the United States of America and Venezuela will be a spectacular one FOR ALL,’ Trump said. ‘Venezuela will soon be great and prosperous again, perhaps more so than ever before!’

Specifically, Trump said that he and Rodríguez discussed oil, minerals and national security matters. On Jan. 7, Trump announced that Venezuela would provide the U.S. with 50 million barrels of oil that would be sold ‘immediately.’

Rodríguez voiced similar sentiments following the call, and said that the two’s ‘courteous’ call ‘addressed a bilateral work agenda for the benefit of our peoples, as well as pending matters between our governments.’ 

Meanwhile, Machado has praised Trump for his role overthrowing Maduro, and told CBS News that the president and the U.S. have ‘done much more than anybody thought was possible.’

The White House did not immediately respond to a request for comment from Fox News Digital on what Trump and Machado planned to discuss. 

Fox News’ Morgan Phillips contributed to this report. 


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As global regulatory scrutiny intensifies and blockchain surveillance expands, privacy coins are gaining traction for their ability to enhance user anonymity and transaction confidentiality.

While traditional cryptocurrencies like Bitcoin operate on transparent, public ledgers where users’ transaction history is traceable, privacy coins, a specialized segment of the crypto market, use advanced cryptographic techniques to obscure key details such as sender and recipient addresses, transaction amounts and wallet balances.

In the first weeks of 2026, this sector has made a mainstream shift, with the total market capitalization for privacy-focused assets surpassing US$24 billion, according to a widely circulated report by crypto researcher Stacy Muur.

This rapid appreciation highlights a growing tension between the fundamental right to financial privacy and the burgeoning regulatory mandates represented by the US Senate’s upcoming market structure markups.

What are the core technologies of anonymity?

Privacy coins employ various cryptographic obfuscation layers to achieve their goals:

  • Ring signatures mix a user’s transaction with multiple decoys, making it statistically difficult to determine which participant actually initiated the transfer.
  • Stealth addresses are randomized, one-time destination addresses generated for every transaction, preventing public wallet addresses from appearing on the blockchain and linking back to the recipient.
  • Zero-knowledge proofs allow one party to prove a statement is true without revealing any information beyond the validity of the statement itself, effectively proving a transaction is valid without showing who sent it or how much was transferred.
  • Ring Confidential Transactions (RingCTs) obscure the transaction amount by using a mathematical scheme called Pedersen Commitments to prove that the sum of the inputs in a transaction equals the sum of the outputs without revealing the specific numerical values of the transaction.
  • Dandelion++ (network-level obfuscation) protects metadata, preventing an observer from linking a transaction to a specific IP address. It uses a two phase broadcast method, passing transactions privately between a small number of nodes before broadcasting them to the wider network.

Key privacy coin players: Monero and Zcash

The privacy coin market is largely bifurcated into mandatory and optional privacy models.

Monero (XMR), launched in April 2014, is widely considered the gold standard for privacy because it enforces anonymity by default. Every transaction automatically obscures the sender, recipient and amount using ring signatures, stealth addresses and RingCTs. This uniform approach minimizes metadata leakage, but has made Monero a target for regulators, leading to its delisting from many major Western-regulated exchanges.

Monero reached a new all-time high in early 2026, surging 81 percent in the past week to trade at US$790.91. Its market capitalization currently stands at over US$14 billion.

Zcash (ZEC) offers a more flexible, opt-in privacy model, allowing users to choose between transparent transactions that are publicly viewable and shielded transactions, which are completely private.

Going live in October 2016, Zcash is built on the Bitcoin algorithm, but utilizes zk-SNARKs for its shielded pools, creating a type of zero-knowledge proof that functions as a cryptographic shield, allowing one party to prove they possess certain information without actually revealing that information.

This flexibility has made it more institutionally palatable as regulatory heat intensifies on Monero, since it allows for selective disclosure to auditors while still offering high-level privacy for those who need it. In a January 14 notice, the Zcash Foundation said the US Securities and Exchange Commission had concluded a review that began in 2023 over a “matter of certain crypto asset offerings” and would not recommend enforcement actions or changes.

Zcash experienced a supply shock following the removal of the Founder’s Tax in late 2025. The tax was a funding mechanism built into the Zcash protocol at its launch that sent 20 percent of all newly mined Zcash to the project’s founders, investors and the Electric Coin Company instead of the miners.

Zcash hit a multi-year high in the US$600+ range in November 2025, a gain of over 1,000 percent from its cycle lows; however, since that peak, Zcash has cooled off, consolidating in a range between US$400 and US$450.

Crypto regulatory and tax realities in 2026

As of early 2026, the US Internal Revenue Service (IRS) had modernized its oversight of the crypto sector through Form 1099-DA, which requires custodial brokers to report digital asset proceeds.

While these rules apply broadly to property like cryptocurrencies, privacy coins present a unique challenge for compliance. The IRS continues to treat all cryptocurrencies as property, meaning that even if a transaction is obscured, the underlying capital gain or ordinary income remains taxable. While the IRS focuses on tax transparency, a new legislative push is seeking to grant the government proactive control over the network itself.

Senator Tim Scott (R-SC), chair of the Senate Banking Committee, announced a markup of the Responsible Financial Innovation Act, the Senate version of crypto market structure legislation, on Monday (January 12).

Formally called the Digital Asset Market CLARITY Act, the bill was developed from the Responsible Financial Innovation Act, and is scheduled for a markup on January 15.

Meanwhile, Senator John Boozman (R-AR) is planning a similar markup in the Senate Agriculture Committee. While often a routine step, this session is a high-stakes attempt to resolve jurisdictional disputes between the SEC and CFTC and secure a bipartisan consensus between the two parties.

On January 12, Boozman officially postponed his committee’s markup to January 27 in order to finalize bipartisan negotiations with Senator Cory Booker (D-NJ). Text is due to be released on January 21.

Boozman said the compressed schedule is designed to balance transparency with momentum as Congress looks to reduce regulatory uncertainty that has long plagued the sector.

In a recent report, Alex Thorn, head of firm-wide research at crypto and digital assets firm Galaxy Digital (NASDAQ:GLXY), warns that the draft of Scott’s bill contains language that would expand US financial surveillance powers by granting the US Department of the Treasury an expansion of “special measure” authority over digital assets and a statutory framework, allowing transaction holds without a court order.

If the measures were to become law, it would “represent the single largest expansion to financial surveillance authorities since the 2021 PATRIOT Act,” he argued. This could boost the appeal of privacy-preserving tokens.

Investor takeaway

Ultimately, the future of privacy coins will be determined by the ongoing legislative battle between fundamental financial anonymity and the accelerating global mandate for digital asset transparency and surveillance.

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

This post appeared first on investingnews.com

Aterian Plc (AIM: ATN), the Africa-focused critical metals exploration company, is pleased to announce encouraging results from an independent geophysical study completed over Prospecting Licence PL265/2025 (‘Licence’) in the Kalahari Copperbelt (‘KCB’), in the Republic of Botswana (‘Botswana’). The Licence is wholly owned by Atlantis Metals (Pty) Ltd, in which Aterian has a 90% interest. The award of the Licence was previously announced on 15 December 2025.

The study confirms that PL265/2025 is located within a proven, world-class copper-silver district, directly along strike from operating and advanced deposits in the Kalahari Copperbelt, including Sandfire Resources’ Motheo Mine. Importantly, the work has identified multiple priority targets that materially enhance the potential scale, quality, and future value of the Licence.

With copper prices strengthening on the back of accelerating electrification, energy-transition demand, and constrained new supply, the Board believes the KCB represents one of the most attractive global jurisdictions for long-term copper exposure and value creation.

Highlights

  • Three priority target areas on the Licence have been designated as critical for follow-up exploration and drill targeting.
  • Interpretation of airborne magnetic data identifies multiple sub-parallel ENE-WSW trending thrust structures and associated folding, considered favourable for copper mineralisation targeting.
  • Structural interpretation indicates truncation of Lower D’Kar Formation sediments against basement units, a recognised geological setting for copper deposits in the region.
  • Historical copper-in-soil anomalies exceeding 18 ppm Cu coincide with key thrust structures.
  • Legacy airborne EM data highlights near-surface conductive horizons, interpreted as carbonaceous units of the Lower D’Kar Formation.
  • Licence located approximately 60 km south of the Motheo copper mine, along strike of the Kalahari Copperbelt.

Interpretation

Figure 1. Regional airborne magnetics First Vertical Derivative of TMI. Hot colours (yellow to red) designate magnetic highs and cool colours (below green) designate magnetic lows. Interpreted target areas in white circles.

Target Area A.

There is a tight folding structure in the inferred D’Kar formation, truncating against the southernmost thrust. The area around the intersection of the tight fold and the thrust could be prospective for chalcocite-dominated copper sulphides.

Target Areas B and C.

The copper-in-soil geochemical anomalies cluster along the northernmost thrust.

Charles Bray, Chief Executive Officer of Aterian plc, commented:

‘We are very encouraged by the results of the independent geophysical study over Prospecting Licence PL265/2025 in the Kalahari Copperbelt. The study confirms that the licence lies within a proven copper-silver district, approximately 60 kilometres south of Sandfire Resources’ Motheo mine, and identifies a compelling coincidence of favourable structures, copper-in-soil anomalies and conductive stratigraphic units that are known to host copper mineralisation elsewhere in the belt.

The delineation of three priority target areas provides a clear and focused pathway for follow-up exploration and materially reduces early-stage technical risk. The Board believes these results significantly strengthen the investment case for the project and justify advancing to the next phase of systematic exploration. PL265/2025 represents a high-quality opportunity in a stable, mining-friendly jurisdiction and aligns well with the Company’s strategy of building meaningful exposure to prospective copper assets, especially given the backdrop of rising critical metal prices.’

Planned Exploration

Based on the study’s recommendations, the Company is planning a first-phase exploration programme comprising detailed ground or drone-based magnetic surveys across the three target areas, followed by targeted electromagnetic surveys to delineate conductive horizons and refine future drill targets.

Further updates will be provided as exploration planning progresses.

This announcement contains information which, prior to its disclosure, was inside information as stipulated under Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310 (as amended).

Engage directly with the Aterian PLC management team by asking questions, watching video summaries, and seeing what other shareholders have to say. Please navigate to our interactive investor hub here: https://aterianplc.com/s/fcf8eb

For further information, please contact:

Investor questions on this announcement

We encourage all investors to share questions

on this announcement via our investor hub

https://aterianplc.com/s/fcf8eb

Aterian Plc:

Charles Bray, Executive Chairman – charles.bray@aterianplc.com
Simon Rollason, Director – simon.rollason@aterianplc.com

Financial Adviser and Joint Broker:
AlbR Capital Limited
David Coffman / Dan Harris
Colin Rowbury
Tel: +44 (0)207 7469 0930

Joint Broker:
SP Angel Corporate Finance LLP
Ewan Leggat / Adam Cowl
Tel: +44 20 3470 0470

Financial PR:

Bald Voodoo – ben@baldvoodoo.com
Ben Kilbey
Tel: +44 (0)7811 209 344

Subscribe to our news alert service: https://atn-l.investorhub.com/auth/signup

Notes to Editors:

About Aterian plc

www.aterianplc.com

Aterian plc is an LSE-listed exploration and development company with a diversified African portfolio of critical metals projects.

Aterian plc is actively seeking to acquire and develop new critical metal resources to strengthen its existing asset base while supporting ethical and sustainable supply chains as the world transitions to a sustainable, renewable future. The supply of these metals is vital for developing the renewable energy, automotive, and electronic manufacturing sectors, which are increasingly important in reducing carbon emissions and meeting global climate ambitions.

Aterian has a portfolio of multiple copper-silver (+ gold) and base metal projects in Morocco. Aterian holds a 90% interest in Atlantis Metals, a private Botswana-registered company holding eleven mineral prospecting licences for copper-silver in the world-renowned Kalahari Copperbelt and three for lithium brine exploration in the Makgadikgadi Pans region. The Company also holds an exploration licence in southern Rwanda, where it is evaluating the tantalum and niobium opportunity, in addition to further exploring for pegmatite-hosted lithium.

The Company’s strategy is to seek new exploration and production opportunities across the African continent and to develop new sources of critical mineral assets for exploration, development, and trading.

Source

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Rio Silver Inc. (‘Rio Silver’ or the ‘Company’) (TSX-V: RYO | OTC: RYOOF) today outlined the clear steps required to begin accessing high-grade silver mineralization at surface and advance into underground development at the Maria Norte Project, located in Peru’s prolific Huachocolpa silver district.

Recent NI 43-101 verification sampling confirmed high-grade silver mineralization exposed at surface, reinforcing the Company’s confidence in a development strategy that targets the most accessible and economically attractive portions of the system first. Initial development is expected to commence by accessing surface and near-surface mineralization, with material transported to nearby third-party processing facilities, eliminating the need to construct standalone processing infrastructure.

Maria Norte benefits from established site access, proximity to operating mills, and a regulatory framework that allows development and exploration activities to proceed in parallel. Together, these factors support a low-capital, fast-track pathway from exposed mineralization toward potential cash flow, while preserving meaningful upside as underground access expands.

Five Clear Steps to Development

Rio Silver’s near-term plan prioritizes accessing exposed, high-grade mineralization first, followed by advancing portal access to unlock additional high-grade zones below surface. Several steps are expected to occur concurrently over the coming two quarters:

1. Community Engagement and Site Access Finalization
The Company continues constructive engagement with local leadership. The newly appointed community president is expected to convene a local assembly in the coming weeks to support final site access arrangements, enabling development activities to proceed in alignment with community priorities.

2. Camp Mobilization Using Existing Infrastructure
Rio Silver has identified existing camp facilities in the area that can be leased, allowing rapid mobilization of personnel and equipment. This approach enables camp operations and early development work to begin without delays associated with new construction.

3. Accessing High-Grade Surface Mineralization
Initial development efforts will focus on exposed surface veins and near-surface mineralization, where high-grade silver has already been confirmed. These areas represent the most direct and capital-efficient opportunity to begin extracting mineralized material while portal access is prepared.

4. Portal Preparation and Transition Underground
In parallel with surface access, the Company will advance portal preparation to enable underground entry. Portal access is expected to provide direct access to the vein system at shallow depths, allowing Rio Silver to systematically advance along strike and at depth toward additional high-grade zones.

5. Processing Readiness and Logistics Optimization
Maria Norte is located within trucking distance of multiple operating processing facilities. The Company intends to utilize contract (toll) milling, enabling mined material to be transported and processed without constructing a standalone plant, significantly reducing capital intensity and accelerating the development timeline.

The Company’s initial focus is on accessing high-grade mineralization exposed at surface while advancing portal access in parallel, enabling early tonnes to be mined while underground development progresses along the vein system.

A Proven, Capital-Efficient Development Model

The Company’s strategy at Maria Norte reflects a well-established development model used throughout Peru’s historic silver districts. High-grade mineralization is exposed at surface and continues along known structures, allowing development to begin with the most accessible material while progressing underground.

By focusing first on surface and shallow mineralization, Rio Silver can advance portal access and underground development while minimizing upfront capital expenditures. This approach allows the Company to prioritize high-grade mineralization, manage risk, and preserve flexibility as additional exploration and development opportunities are evaluated.

Strategic Location Within a Mature Milling Corridor

Maria Norte is located approximately 2.5 kilometres from a planned 3,000 tonne-per-day processing facility outlined in a recently published preliminary economic assessment by a nearby operator in the district. Rio Silver controls approximately 400 metres of the Tangana West vein, a structure historically recognized as one of the most prospective trends in the area.

While multiple operators have worked within the broader corridor, Rio Silver’s ownership of this portion of the system provides direct exposure to a mineralized trend that has supported development activity elsewhere in the district, reinforcing the project’s strategic positioning.

‘What makes Maria Norte compelling is the ability to start with high-grade silver already exposed at surface while systematically moving underground to capture additional low-hanging, high-value mineralization,’ said Chris Verrico, President and Chief Executive Officer of Rio Silver. ‘This is not a long-dated mine build. It is a short and staged, practical execution plan designed to move from exposed mineralization to underground development as efficiently as possible, while taking advantage of existing infrastructure in a strong silver price environment. It is increasingly rare to find projects where silver is the predominant value driver, as most global silver supply is produced as a by-product of base metal mining. With both Maria Norte and Santa Rita, we are uniquely positioned with silver-dominant assets and a capital-efficient execution strategy designed to minimize risk and create shareholder value.’

Next Steps

  • Advance Metallurgical Test Work: Metallurgical testing at Maria Norte is underway to confirm processing characteristics consistent with conventional flotation, a key step in validating the Company’s toll milling and near-term development strategy. In parallel, metallurgical testing at Santa Rita is progressing to support longer-term development and scalability assessments. Results from both programs are expected to be reported to the market in the near term.
  • Complete Community Access Milestones: Continue constructive engagement with local leadership, including upcoming community assembly discussions, to finalize site access arrangements in support of near-term development activities.
  • Mobilize Site Operations: Utilize existing camp infrastructure to mobilize personnel and equipment, while advancing planning for permanent camp facilities to support sustained operations.
  • Initiate Portal Access and Blasting Readiness: Advance portal access preparation and underground development planning, alongside progress toward explosives permitting approval.
  • Transition to Underground Development: Begin staged underground access targeting high-grade surface and near-surface mineralization, positioning the Company to advance toward initial production activities over the coming quarters.

Why This Matters to Investors

For investors, the significance of Maria Norte lies in its ability to transition quickly from development planning to physical execution. Surface-accessible high-grade silver, proximity to operating processing facilities, and Peru’s established regulatory framework combine to reduce capital intensity and shorten development timelines relative to traditional mine builds. With silver prices at generational highs, projects capable of advancing efficiently toward near-term cash flow are increasingly scarce. Several development activities are expected to progress concurrently over the coming quarters, positioning the Company to move underground and advance toward initial cash flow thereafter, subject to permitting and operational progress.

Qualified Person

Jeffrey Reeder, P.Geo., is a Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical information contained in this news release. Mr. Reeder is a consultant to the Company and is not independent within the meaning of NI 43-101.

About Rio Silver Inc.

Rio Silver Inc. (TSX-V: RYO | OTC: RYOOF) is a Canadian resource company advancing high-grade, silver-dominant assets in Peru, the world’s second-largest silver producer. The Company is focused on near-term development opportunities within proven mineral belts and is supported by a seasoned technical and operational team with deep experience in Peruvian geology, underground mining, and district-scale exploration. With a clear development strategy and a growing portfolio of highly prospective silver assets, Rio Silver is establishing the foundation to become one of Peru’s next emerging silver producers.

Learn more at www.riosilverinc.com

ON BEHALF OF THE BOARD OF DIRECTORS OF Rio Silver INC.

Chris Verrico
Director, President and Chief Executive Officer

To learn more or engage directly with the Company, please contact:
Christopher Verrico, President and CEO
Tel: (604) 762-4448
Email: chris.verrico@riosilverinc.com
Website: www.riosilverinc.com

Cautionary Note Regarding Forward-Looking Information

This news release contains ‘forward-looking statements’ within the meaning of applicable Canadian securities laws. Forward-looking statements include, but are not limited to, statements regarding anticipated development activities, underground access timing, permitting progress, community engagement, processing strategies, and the Company’s ability to advance toward potential production and cash flow. Forward-looking statements are subject to known and unknown risks and uncertainties that may cause actual results to differ materially. Readers are cautioned not to place undue reliance on forward-looking statements. Rio Silver undertakes no obligation to update such statements except as required by law.

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

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Golconda Gold Ltd. (‘Golconda Gold’ or the ‘Company’) (TSX-V: GG; OTCQB: GGGOF) is pleased to announce production of 3,455 ounces of gold for the fourth quarter of 2025 (‘Q4 2025’) and 13,020 ounces of gold for the year ended December 31, 2025 (‘FY 2025’) at its Galaxy Gold Mine (‘Galaxy’), a 69% increase in gold production compared to the year ended December 31, 2024 (‘FY 2024’).

The production numbers for FY 2025 are as follows:

Mining     Q1
2025
Q2
2025
Q3
2025
Q4
2025
FY
2025
FY
2024
Princeton Ore Mined (t) 8,472 12,346 22,303 16,307 59,428 25,212
Ore Grade (g/t) 3.50 4.63 3.39 4.18 3.88 3.73
Waste (t) 4,906 11,317 11,037 12,367 39,627 24,236
Galaxy Ore Mined (t) 18,899 19,135 18,200 19,766 76,000 62,483
Ore Grade (g/t) 3.46 3.06 3.22 2.81 3.13 2.95
Waste (t) 8,905 10,410 7,253 5,318 31,886 42,541
Total Ore Mined (t) 27,371 31,481 40,503 36,073 135,428 87,695
Ore Grade (g/t) 3.47 3.67 3.31 3.43 3.46 3.18
Waste (t) 13,811 21,727 18,290 17,685 71,513 66,777

Processing     Q1
2025
Q2
2025
Q3
2025
Q4
2025
FY
2025
FY
2024
Concentrate produced   (t) 2,281 2,480 3,229 3,299 11,289 6,661
Concentrate grade   (g/t) 40.2 38.0 34.6 32.6 35.9 36.0
Gold produced   (oz) 2,947 3,030 3,588 3,455 13,020 7,712
                 

Year ended December 31, 2025 Highlights

Mining

  • mined 135,428 tonnes of ore from its Galaxy and Princeton ore bodies, with an average grade of 3.46 g/t in FY 2025 compared to 87,695 tonnes at 3.18 g/t in FY 2024, an increase of 54% in ore tonnes mined year on year at a 9% higher grade;
  • established stoping at a new mining area, Princeton Top, in Q2 2025, contributing 16,477 tonnes of ore at a grade of 3.03 g/t during FY 2025;
  • completed the refurbishment of the sub-vertical shaft and associated infrastructure on Galaxy 26 and 27 levels, with the first ore development blast occurring in December 2025;
  • increased the size of the mining fleet, with the addition of one new drill rig, three LHD’s and two dump trucks during FY 2025; and
  • ended Q4 2025 with 6,410 tonnes of stockpiled ore on surface and underground at an average grade of 3.21 g/t, representing approximately 660 ounces of contained gold that is expected to be processed in the first quarter of 2026(1).

Processing

  • produced 11,289 tonnes of concentrate at an average grade of 35.9 g/t containing 13,020 ounces of gold in FY 2025 compared to 6,661 tonnes at 36.0 g/t containing 7,712 ounces of gold in FY 2024, an increase of 69% in gold production year on year; and

Golconda Gold CEO, Ravi Sood, commented: ‘2025 was a transformational year for Galaxy and Golconda Gold. In line with the Company’s development plan, two historic mining areas were re-established during the year, Princeton Top and Galaxy 26/27 levels, which along with significant investment in mining equipment from both a capital and preventative maintenance perspective enabled gold production to increase 69% compared to 2024. This significant increase in production, combined with the material increase in realised gold price during 2025 has enabled the Company to invest further in the Galaxy development plan and sustainable future production growth while also significantly improving the Company’s balance sheet and working capital position. We are confident that our investments will continue to result in increasing production at Galaxy.’(1)

About Golconda Gold

Golconda Gold is an un-hedged gold producer and explorer with mining operations and exploration tenements in South Africa and New Mexico. Golconda Gold is a public company and its shares are quoted on the TSX Venture Exchange under the symbol ‘GG’ and the OTCQB under the symbol ‘GGGOF’. Golconda Gold’s management team is comprised of senior mining professionals with extensive experience in managing mining and processing operations and large-scale exploration programmes. Golconda Gold is committed to operating at the highest standards, focused on the safety of its employees, respecting the environment, and contributing to the communities in which it operates.

Note:

     (1)     This is forward-looking information and is based on a number of assumptions. See ‘Cautionary Notes’.

Cautionary Notes

Certain statements contained in this press release constitute ‘forward-looking statements’. All statements other than statements of historical fact contained in this press release, including, without limitation, those statements regarding the Company’s intention to process the stockpiled ore in the first quarter of 2026, the Company’s expectation that its investments will result in increasing production at Galaxy, and the Company’s future financial position and results of operations, strategy, proposed acquisitions, plans, objectives, goals and targets, and any statements preceded by, followed by or that include the words ‘believe’, ‘expect’, ‘aim’, ‘intend’, ‘plan’, ‘continue’, ‘will’, ‘may’, ‘would’, ‘anticipate’, ‘estimate’, ‘forecast’, ‘predict’, ‘project’, ‘seek’, ‘should’ or similar expressions or the negative thereof, are forward-looking statements. These statements are not historical facts but instead represent only the Company’s expectations, estimates and projections regarding future events. These statements are not guarantees of future performance and involve assumptions, risks and uncertainties that are difficult to predict. Therefore, actual results may differ materially from what is expressed, implied or forecasted in such forward-looking statements.

Additional factors that could cause actual results, performance or achievements to differ materially include, but are not limited to the risk factors discussed in the Company’s management’s discussion and analysis for the year ended December 31, 2024. Management provides forward-looking statements because it believes they provide useful information to investors when considering their investment objectives and cautions investors not to place undue reliance on forward-looking information. Consequently, all of the forward-looking statements made in this press release are qualified by these cautionary statements and other cautionary statements or factors contained herein, and there can be no assurance that the actual results or developments will be realized or, even if substantially realized, that they will have the expected consequences to, or effects on, the Company. These forward-looking statements are made as of the date of this press release and the Company assumes no obligation to update or revise them to reflect subsequent information, events or circumstances or otherwise, except as required by law.

Information of a technical and scientific nature that forms the basis of the disclosure in the press release has been approved by Kevin Crossling Pr. Sci. Nat., MAusIMM. Geological Consultant for Golconda Gold, and a ‘qualified person’ as defined by National Instrument 43-101. Mr. Crossling has verified the technical and scientific data disclosed herein and has conducted appropriate verification on the underlying data.

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

For further information please contact:
Ravi Sood
CEO, Golconda Gold Ltd.
+1 (647) 987-7663
ravi@golcondagold.com
www.golcondagold.com

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 1911 Gold Corporation (‘1911 Gold’ or the ‘Company’) (TSXV: AUMB,OTC:AUMBF) (OTCQX: AUMBF) (FRA: 2KY) is pleased to provide a summary of key milestones achieved in 2025 and outlines the plan for 2026 as 1911 Gold advances towards a mine restart at its 100% owned True North Gold Project (which includes the mine and mill complex, ‘True North’) located in southeastern Manitoba, Canada.

During 2025, the Company successfully transitioned into an advanced-stage developer with near-term production potential. This transformation was driven by exploration success within the mine lease footprint as well as the re-entry into the underground mine, followed by the commencement of underground development and 1911 Gold’s first underground drill program. To support this growth, the Company strengthened its leadership team and site personnel and intensified its capital market presence to expand visibility and reach new investors. These steps allowed the Company to secure the capital required to undertake an aggressive 2026 exploration and development plan and realized an annual share price increase of 468%.

‘Over the last year we have continued to intensify our focus on our goal of returning to production in 2027. 2025 was a pivotal year on this path as we returned to the underground mine, confident with the team we had built and the results our exploration team achieved on surface,’ stated Shaun Heinrichs, President and CEO. ‘Our biggest challenge to date has been to prioritize our efforts given the multiple opportunities we see ahead of us. The PEA we plan to release for True North in the coming weeks, which provides detailed information on our mine plan, the project economics, and future opportunities, will also be instrumental in prioritizing our drill program over the coming year.

As we move into 2026, we aim to build on this framework by advancing toward a Pre-Feasibility Study and an updated global resource estimate incorporating our 2024 – 2026 drill results. On behalf of the board of directors, I wish to thank all of our stakeholders, including employees, suppliers and contractors, our local communities and the Province of Manitoba, as well as our supportive shareholders and strategic partners. The 1911 Gold story is only just beginning, and supported by buoyant gold prices, 2026 is poised to deliver continued value growth.’

2025 Key Milestones:

Corporate Highlights

  • Realized a share price increase of 468%, ending the year with a market capitalization of C$270 million (‘M’)

Team

    Exploration

    • Completed 20,342 metres (‘m’) of surface exploration drilling in 71 holes targeting three (3) newly identified and prospective areas where mineralized shear zones intersect with favourable host rocks:

    Figure 1 - Plan View of Geological Setting-True North & Surrounding Area (CNW Group/1911 Gold Corporation)

    San Antonio West (‘SAM W‘) covers the western extension of the historically mined San Antonio zone of the True North mine mineralized vein system, located at the intersection of the Cartwright South shear zone and the San Antonio mafic (‘SAM‘) gabbro unit. Drilling to date has confirmed quartz vein-hosted gold mineralization to a depth of 630 m. Highlighted drill intercepts include:

      San Antonio SE (‘SAM SE‘) is the southeastern extension of the known gold mineralization within the San Antonio vein system, located at the intersection of the L10 shear zone and the SAM gabbro unit. Drilling to date confirmed the down-dip extensions of quartz vein-hosted gold mineralization by 745 m. Highlighted drill intercepts include:

        Shore Target is a newly identified target and is hosted with the SAM gabbro unit at the intersection of the 007 shear zone, approximately 500 m southeast of the L10 shear (where SAM SE is situated). Drilling highlights include:

          Operations

            Media Highlights from 2025:

              Figure 2 - Isometric View-True North Mine (Current Resources) (CNW Group/1911 Gold Corporation)

              2026 Outlook:

              2026 is poised to be another transformative year as 1911 Gold accelerates underground activities in anticipation of a 2027 production restart. Following the release of the PEA, the Company will launch an extensive infill and delineation drill program specifically targeting near-term mining blocks. To support this, the drill rig count will be increased, with a continued balance between resource expansion and critical path delineation.

              Critical operational steps to be taken in 2026 include:

              • Infrastructure and Mill Optimization: Completion of a new 1,500 tonne-per-day crushing circuit and optimizing mill operations to rectify historical bottlenecks and enhance recovery performance over previous operations.
              • Mine Readiness: Completing dewatering of the loading pocket area at the bottom of the A Shaft, to allow for development on Level 26 (1,145-m depth), including rehabilitating the ore pass from Level 16 (695-m depth), completion of drill bay areas to increase access to deeper zones, and to commence development of the 710 zone as well as inspect D Shaft and begin preparations for accessing the lower levels.
              • Strategic Workforce Expansion: Leveraging a highly experienced site leadership team that continues to attract top-tier technical talent to grow our workforce, while fostering a culture rooted in safety, responsibility, and operational excellence.
              • District-Scale Exploration: Maintaining a robust surface exploration program to test high-priority near mine and regional targets, ensuring a continuous pipeline of growth beyond the immediate restart areas.

              2026 Milestones & Catalysts:

              The Company is pleased to provide a summary of milestones and catalysts for 2026. As the operational developments progress and 1911 Gold continues to de-risk the potential mining operation and restart strategy, the valuation should start to reflect that of a near-term, fully permitted production story.

              Figure 3 - 2026 Milestones and Catalysts (CNW Group/1911 Gold Corporation)

              Note: Timeline is for guidance purposes only and is subject to change

              Grant of Deferred Share Units

              The Company has issued 125,000 deferred share units (‘DSUs’) to four directors under the Company’s Long-Term Incentive Plan in respect of director fees incurred in the fourth quarter of 2025. Each DSU entitles the holder to receive one share of the Company, or in certain circumstances a cash payment equal to the value of one share of the Company, at the time the holder ceases to be a director of the Company.

              Qualified Person Statement

              The scientific and technical information in this news release has been reviewed and approved by Mr. Michele Della Libera, P.Geo, Vice President Exploration of 1911 Gold, who is a ‘Qualified Person’ as defined under NI 43-101.

              About 1911 Gold Corporation

              1911 Gold is an advanced gold explorer and developer focused on its 100%-owned True North Gold Project in the Archean Rice Lake Greenstone Belt in Manitoba, Canada. The Company controls a large, highly prospective ~62,000-hectare land package with numerous past-producing gold operations within trucking distance of the fully built and permitted True North mine and mill complex. 1911 Gold is positioning itself to restart operations in 2027 and offers a unique, near-term production story with significant exploration upside. The strategy is to build a district-scale gold mining operation around a centralized, and readily expandable infrastructure to support a socially and environmentally responsible, long-term mining operation with little development risk and a growing mineral resource base.

              1911 Gold’s True North complex and the exploration land package are located within and among the First Nation communities of the Hollow Water First Nation and the Black River First Nation. 1911 Gold looks forward to maintaining open, cooperative, and respectful communications with all of our local communities and stakeholders to foster mutually beneficial working relationships.

              ON BEHALF OF THE BOARD OF DIRECTORS

              Shaun Heinrichs
              President and CEO

              www.1911gold.com

              CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

              This news release may contain forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as ‘plans’, ‘expects’ or ‘does not expect’, ‘is expected’, ‘budget’, ‘scheduled’, ‘estimates’, ‘forecasts’, ‘intends’, ‘anticipates’ or ‘does not anticipate’, or ‘believes’, or describes a ‘goal’, or variation of such words and phrases or state that certain actions, events or results ‘may’, ‘could’, ‘would’, ‘might’ or ‘will’ be taken, occur or be achieved.

              All forward-looking statements reflect the Company’s beliefs and assumptions based on information available at the time the statements were made. Actual results or events may differ from those predicted in these forward-looking statements. All of the Company’s forward-looking statements are qualified by the assumptions that are stated or inherent in such forward-looking statements, including the assumptions listed below. Although the Company believes that these assumptions are reasonable, this list is not exhaustive of factors that may affect any of the forward-looking statements.

              Forward-looking statements involve known and unknown risks, future events, conditions, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, predictions, projections, forecasts, performance or achievements expressed or implied by the forward-looking statements. All statements that address expectations or projections about the future, including, but not limited to, statements about exploration plans, including the size of the program, completion of an updated NI 43-101 mineral resource estimate for Ogama-Rockland and a global mineral resource update, and the timing and results thereof, underground activities, commissioning of the mill and processing test mining material, generation of cash flows from gold sales and the timing around each of these items, and an updated PFS and the timing and results thereof, are forward-looking statements. Although 1911 Gold has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

              All forward-looking statements contained in this news release are given as of the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws.

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

              1911 Gold Corporation TSXV: AUMB OTCQB: AUMBF FRA: 2KY (CNW Group/1911 Gold Corporation)

              SOURCE 1911 Gold Corporation

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              Former Democratic Attorney General Eric Holder, who served during former President Barack Obama’s tenure, played a key role in vouching for Minnesota Gov. Tim Walz as the Democratic Party’s 2024 pick for vice president before a massive fraud scandal rocked the Gopher State. 

              ‘There’s nothing that of any substance that was missed by our vetting team,’ Holder told CNN in an October 2024 interview as the federal election came down to its final days. 

              Walz is in the midst of facing a sweeping fraud scandal involving alleged money laundering operations related to alleged fraudulent meal and housing programs, daycare centers and Medicaid services that prosecutors say could total as much as $9 billion, Fox News Digital has reported. Dozens of individuals have been charged amid the investigations, most of whom are from the state’s Somali community. 

              The scandal led to Walz dropping his re-election bid to serve a third term as Minnesota governor. 

              Walz has said he is ‘accountable for’ the scandal as the state’s top elected official, but has accused Republicans and the Trump administration of sensationalizing multibillion-dollar figures of alleged fraud. 

              Walz bucked calls to step down as governor, declaring during a press conference Tuesday: ‘Over my dead body will that happen.’

              More than a year ago, Walz’s run on the 2024 Democratic ticket catapulted his national name recognition after serving in politics for decades, including in the U.S. Congress from 2007 until 2019, before his election as governor. Ahead of his name being floated as a potential vice presidential contender, Walz was a relatively unknown name to everyday Americans. 

              Then-Vice President Kamala Harris tapped Obama’s former attorney general to lead the vetting process of her potential running mates during the 2024 cycle. 

              Holder is a longtime Obama ally and was one of the officials tasked with vetting Obama’s potential running mates back in the 2008 election cycle before landing on then-Delaware Sen. Joe Biden. 

              Holder told the media in 2004 that Walz was not at the top of his list when vetting 11 candidates for Harris’ running mate, but that he moved up the list of names as Holder reviewed his ‘very impressive’ and ‘significant’ work in Minnesota, including signing a law in 2023 for universal free breakfast and lunch for all K-12 students in the state, KSTP reported in November 2024 ahead of the election. 

              ‘As part of the process, the vetting process, I looked at almost every YouTube he’s ever been on,’ Holder told KSTP of Walz. ‘Everything we could ever find about his media interactions and he’s a genuine nice guy. He’s got that Minnesota Nice thing.’

              ‘There was a chemistry that I saw, I actually saw that happen with Kamala Harris and with Tim Walz,’ Holder added at the time. ‘So it was a combination, I think, of accomplishments and chemistry that propelled him to the number two spot on the ticket.’

              A source with knowledge of Walz’s vetting process told Fox News Digital that the fraud investigation was included in the vetting process, as details had already emerged during the governor’s 2022 re-election race. 

              ‘Governor Walz’s Department of Education had been in contact with the FBI regarding investigations into organizations diverting funds from child nutrition programs,’ the source explained. ‘This issue was not a factor in the 2024 presidential campaign, nor did Kamala Harris’s vice presidential choice ultimately prove to be a negative factor in the race.’ 

              Walz’s emergence as the vice presidential pick quickly drew scrutiny over a string of past controversies, including allegations he exaggerated his military service, repeated misstatements about his presence during China’s Tiananmen Square massacre and questions about his handling of Minnesota’s 2020 riots — issues Republicans seized on as Democrats rushed to elevate him on the national stage. 

              The 2024 election cycle was unprecedented for a multitude of reasons, most notably when then-President Biden dropped out of the race on July 21, 2024, amid mounting concerns over his health and a pair of assassination attempts on then-former President Donald Trump’s life. 

              Holder joined CNN in October 2024 and defended the vetting process of Walz, calling him an ‘authentic guy, a person with a great record as the governor of Minnesota and who I think will be a superb vice president.’

              ‘He has resonated with the American people,’ Holder told CNN’s Wolf Blitzer at the time. ‘He has generated enthusiasm for the ticket. And I think that the slight exaggerations, misspeaking that he has done, and, again, for which he has, you know, taken responsibility, is not something that’s going to ultimately hurt him,’ he said of Walz’s past misstatements. 

              Holder was pressed if he and ‘your team of lawyers (missed) important information about him during the vetting process,’ considering the previous misstatements. Walz, for example, claimed in 2018 he had carried ‘weapons in war,’ but had not been deployed to an active combat zone across his 24 years in the Army National Guard. 

              ‘No, I don’t think we did,’ Holder responded about whether his team missed anything on Walz’s record. ‘I mean, I don’t think that we were surprised by any of the things that he has said. And as what he has indicated is that sometimes he misspoke, but he is — unlike Donald Trump, who lies like all the time. Tim Walz has made some misstatements that he has said, you know, I was wrong in saying that, apologized for making the misstatements.’

              Walz has been directly implicated in the Minnesota fraud schemes, though the Trump administration has pinned some of the blame on the governor. 

              ‘I think Tim Walz should resign,’ Vice President JD Vance told the media Thursday during a White House press briefing. ‘Because it’s very clear either that he knew about the fraud in Minneapolis, he knew about the welfare fraud, or at the very least, he looked the other way. I mean, this is not this is not like Lex Luther, right? This is not movie villain fraud. This is the lowest IQ possible fraud.’

              JD Vance skewers

              Amid the fraud investigations, federal law enforcement converged on Minneapolis in January. A fatal shooting broke out in a residential area Jan. 7 when a woman allegedly attempted to use her car as a weapon against immigration officers in what the Department of Homeland Security called an ‘act of domestic terrorism.’ The woman was shot and killed, sparking fierce condemnation from Democrats and Trump critics, including some lawmakers referring to the incident as a ‘murder.’ 

              Fox News Digital also reached out to Walz’s office and Obama’s office regarding the 2024 vetting process considering the fraud investigations, but did not immediately receive replies. 

              Fox News Digital’s Andrew Mark Miller contributed to this report. 


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