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House Speaker Mike Johnson told reporters he was ‘surprised’ by Elon Musk’s criticism of the ‘big, beautiful bill’ after the two of them discussed the legislation. 

While the speaker expressed confidence in the bill, he acknowledged that it took Congress ‘decades’ to reach a point where the national debt has crept past $36.2 trillion and that it would take more than one bill to fix the situation.

‘The Trump administration needs four years to do all this reform, not two years. The Biden administration, Biden-Harris, made such a disaster of every metric of public policy, it’s going to take us more than one bill to fix it all,’ Johnson said.

The Republican House leader said he and Musk, whom he considers a ‘friend,’ had a ‘great conversation’ about the ‘big, beautiful bill’ Monday. The tech billionaire apparently joked that the bill could not be ‘big and beautiful,’ to which Johnson replied, ‘Oh, yes it can, my friend. It’s very beautiful.’

‘Elon and I left on a great note. We were texting one another — you know, happy texts,’ Johnson told reporters. The speaker added he was surprised when Musk came out against the bill the next day. 

‘I think he’s flat wrong,’ Johnson said. ‘I think he’s way off on this, and I’ve told him as much.’

Johnson also praised the ‘obviously brilliant’ tech billionaire for his work with the Department of Government Efficiency (DOGE) to cut government waste.

Despite seemingly ending his tenure with the Trump White House on good terms last week, Musk came out swinging against the ‘big, beautiful bill,’ calling it a ‘disgusting abomination.’ 

‘This massive, outrageous, pork-filled Congressional spending bill is a disgusting abomination. Shame on those who voted for it: you know you did wrong. You know it,’ Musk tweeted.

Musk also retweeted multiple pleas from Sen. Mike Lee, R-Utah, for the Senate to improve the bill and avoid saddling Americans with more government spending. 

On Wednesday, during a weekly press briefing, House Republican leadership advocated for the ‘big, beautiful bill,’ saying it was necessary for funding the Trump administration’s crackdown on illegal immigration. Multiple leaders, including Johnson and House Majority Leader Rep. Steve Scalise, R-La., cited the antisemitic attack in Colorado allegedly carried out by an illegal immigrant as an example why the bill’s funding is needed.

‘We need to go find the other Solimans and get them out of America,’ Johnson said in reference to suspected Boulder, Colorado, attacker Mohamed Soliman, the Egyptian national accused of throwing Molotov cocktails at a group of people calling for the release of hostages being held in Gaza. 

Now that the bill has passed the House, it’s up to Senate Republicans to meet President Donald Trump’s July 4 deadline.


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Here’s a quick recap of the crypto landscape for Wednesday (June 4) as of 9:00 a.m. UTC.

Get the latest insights on Bitcoin, Ethereum and altcoins, along with a round-up of key cryptocurrency market news.

Bitcoin and Ethereum price update

Bitcoin (BTC) was priced at US$105,057, as markets opened, down 0.3 percent in 24 hours. The day’s range for the cryptocurrency brought a low of US$105,099 and a high of US$106,807.

Bitcoin price performance, June 4, 2025

Bitcoin price performance, June 4, 2025

Chart via TradingView

Despite the price dip, institutional interest remains strong. Heath care technology provider Semler Scientific (NASDAQ:SMLR) recently acquired 185 BTC for US$20 million, bringing its total holdings to 4,449 BTC (US$500 million), underscoring continued confidence in Bitcoin’s long-term value.

Market analysts are closely monitoring key resistance levels, with some anticipating a potential breakout that could influence broader cryptocurrency market dynamics in the days ahead.

Ethereum (ETH) finished the trading day at US$2,606.37, a 0.8 percent increase over the past 24 hours. The cryptocurrency reached an intraday low of US$2,592.85 and saw a daily high of US$2,645.67.

Altcoin price update

  • Solana (SOL) closed at US$158.90, down 3.2 percent over 24 hours. SOL experienced a low of US$154.80 in the final minutes of trading and reached a high of US$162.57.
  • XRP is trading at US$2.20, reflecting a 1.4 percent increase over 24 hours. The cryptocurrency reached a daily low of US$2.21 and a high of US$2.28.
  • Sui (SUI) peaked at US$3.31, showing a decreaseof 3.7 percent over the past 24 hours. Its lowest valuation on Monday was US$3.19, and its highest was US$3.33.
  • Cardano (ADA) is trading at US$0.6913, up 0.1 percent over the past 24 hours. Its lowest price of the day was US$0.6796, and it reached a high of US$0.7003.

Today’s crypto news to know

Trump-Linked Truth Social Takes Aim at Spot Bitcoin ETF Market

Interest in crypto-linked investment products continues to grow, with NYSE Arcafiling a proposal to list a spot Bitcoin exchange-traded fund (ETF) tied to Donald Trump’s media platform, Truth Social.

Submitted on behalf of Yorkville America Digital, the proposed ‘Truth Social Bitcoin ETF’ would enter an increasingly competitive field of spot Bitcoin ETFs. If approved, it would be custodied by Foris DAX, the same provider used by Crypto.com.

While the 19b-4 filing marks a key regulatory milestone, the ETF must still undergo US Securities and Exchange Commission (SEC) review of its S-1 registration statement before it can move forward.

JD Vance reveals Bitcoin Reserve Act is on the way

At the Bitcoin 2025 conference, Frax Finance founder Sam Kazemian disclosed his private conversation with Vice President JD Vance, who revealed the administration’s sweeping crypto roadmap.

According to Kazemian, Vance confirmed that stablecoin legislation is only the starting point, with a broader market structure bill and a Bitcoin Reserve Act also in the pipeline.

This reserve act would codify Bitcoin as a long-term federal asset, mirroring how some countries hold gold. Vance emphasized bipartisan support and framed crypto as central to economic innovation.

Kazemian also noted that Frax USD, his stablecoin project, may be designated legal tender under the upcoming legislation.

Trump-Linked Truth Social Takes Aim at Spot Bitcoin ETF Market

Interest in crypto-linked investment products continues to grow, with NYSE Arcafiling a proposal to list a spot Bitcoin exchange-traded fund (ETF) tied to Donald Trump’s media platform, Truth Social.

Submitted on behalf of Yorkville America Digital, the proposed ‘Truth Social Bitcoin ETF’ would enter an increasingly competitive field of spot Bitcoin ETFs. If approved, it would be custodied by Foris DAX, the same provider used by Crypto.com.

While the 19b-4 filing marks a key regulatory milestone, the ETF must still undergo US Securities and Exchange Commission (SEC) review of its S-1 registration statement before it can move forward.

GENIUS Act nears Senate vote amid sharp partisan divide

The bipartisan GENIUS Act, aimed at regulating stablecoins, could reach the Senate floor by the end of the week, according to journalist Eleanor Terrett.

Passed out of committee with a strong 66-32 vote in May, the bill still faces turbulence due to over 60 proposed amendments.

Much of the friction stems from concerns over conflicts of interest tied to Trump’s crypto engagements, including his backing of the USD1 stablecoin.

Lawmakers are now scrambling to trim the amendment list to a “manageable” level that both parties can agree on.

If consensus is reached, the Senate could vote within days — but failure to compromise may delay the bill into next week. The bill’s progress is closely watched by the US$248 billion stablecoin industry.

Trump-Linked crypto firm drops mini ‘stimulus check’ to wallets

World Liberty Financial, a Trump-family-backed crypto firm, sent US$47 worth of its USD1 stablecoin to every wallet involved in its WLFI token sale, effectively issuing a small-scale “stimulus check.”

The drop is being viewed as a marketing maneuver tied to growing momentum around the token, which is pegged to the US dollar and integrated with Chainlink’s CCIP for multichain expansion.

Though the amount is modest, it helped spur conversation on social media and drew attention to USD1’s role in major deals, including a US$2 billion investment into Binance by MGX.

World Liberty Financial currently boasts a US$200 million market cap for USD1 and is gearing up to release its own crypto wallet.

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

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

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A federal judge on Tuesday dismissed a lawsuit from the Democratic National Committee (DNC) claiming President Donald Trump’s executive orders had threatened the independence of the Federal Election Committee (FEC), a significant – albeit rare – court victory for the president.

In his ruling, U.S. District Judge Amir Ali, a Biden appointee, said the DNC failed to demonstrate ‘concrete and imminent injury’ – or the burden needed to justify their request for a preliminary injunction. He said that the concerns raised by the party about the FEC’s independence as a result of Trump’s executive order were far too speculative to satisfy the court’s higher bar for emergency relief. 

At issue in the case was the executive order Trump signed on Feb. 18, titled, ‘Ensuring Accountability for All Agencies.’ 

Democrats filed the lawsuit just 10 days after the order was signed, arguing that the order threatened to encroach on the independence of the FEC and risked subjecting it to the whims of the executive branch.

The lawsuit focused largely on the claim that the FEC is an independent regulatory agency and argued that the credibility of the entire regulatory enterprise would be ‘fatally undermined if the party controlling the White House can unilaterally structure campaign rules and adjudicate disputes to disadvantage its electoral competitors.’

Notably, Ali said Tuesday that he had not found any evidence to date that the White House or the Trump administration had taken steps to change or undermine how the FEC interprets federal election law, or target its independent role.

The ‘possibility that the president and attorney general would take the extraordinary step of issuing a directive to the FEC or its Commissioners purporting to bind their interpretation of FECA is not sufficiently concrete and imminent to create Article III injury,’ Ali said Tuesday.

Should that change, however, Ali said the DNC was welcome to submit an amended filing to the court to reconsider the case.

‘This Court’s doors are open to the parties if changed circumstances show concrete action or impact on the FEC’s or its Commissioners’ independence,’ Ali said.


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Israeli officials are speaking out against a draft resolution that is set to go before the U.N. Security Council on Wednesday. The resolution, which has the support of Algeria, Denmark, Greece, Guyana, Pakistan, Panama, the Republic of Korea, Sierra Leone, Slovenia and Somalia, calls for a renewed ceasefire between Israel and Hamas, the return of the hostages and the lifting of restrictions on humanitarian aid.

The United Nations has issued a litany of criticisms of Israel’s handling of the war as Palestinians in Gaza struggled under the blockade that was reinstated after the ceasefire collapsed in March. Israel lifted restrictions on humanitarian aid in May.

Israeli officials warn that the drafr resolution ‘undermines’ humanitarian aid efforts while leaving Hamas in power. 

‘This resolution doesn’t advance humanitarian relief. It undermines it. It ignores a working system in favor of political agendas. It ignores the one party still endangering civilians in Gaza: Hamas. The group that hijacks trucks and stockpiles the aid to their benefit,’ Israeli U.N. Ambassador Danny Danon said ahead of the vote.

Israeli Foreign Ministry Spokesperson Oren Marmorstein told Fox News Digital that the resolution does not do enough to link the release of hostages to the establishment of a ceasefire. The Israeli official also said the resolution would allow Hamas to stay in power.

‘So basically, what this proposal is favoring or offering to do is to enable Hamas to come up with another October 7th massacre,’ Marmorstein told Fox News Digital. He added that Hamas said it would carry out another violent attack like the one on Oct. 7, 2023.

The Gaza Humanitarian Foundation (GHF), a U.S. and Israel-backed aid organization, paused its aid distribution operations on Wednesday following days of deadly incidents near its sites. 

‘GHF is actively engaged in discussions with the IDF to enhance its security measures beyond the immediate perimeter of GHF sites,’ a GHF spokesperson told Fox News Digital. ‘We have asked the IDF to: introduce measures that guide foot traffic in a way that minimizes confusion or escalation risks near IDF military perimeters; develop clearer IDF-issued guidance to help the population transit safely; enhance IDF force training and refine internal IDF procedures to support safety.’

If passed, the draft resolution would be legally binding—unlike those that come out of the U.N. General Assembly. It is unclear, however, what impact it would have on Israel’s current operations or policy.

The U.S. Mission to the U.N. did not respond to a Fox News Digital request for comment.


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Another member of Sen. John Fetterman’s staff is reportedly leaving his office, and the maverick lawmaker doesn’t want to talk about it.

Fetterman’s office has been plagued by a string of departures since he came to Washington in 2023, and his alleged erratic behavior, concerns over his health and decision to skip certain votes have led to a wave of scrutiny in recent weeks.

And now, Fetterman, D-Pa., is set to lose another top staffer. Axios first reported that Krysta Sinclair Juris, who has been the lawmaker’s chief of staff since April 2024, is set to leave his office. Fox News Digital reached out to Juris and Fetterman’s office for comment.

When pressed about the situation in his office, Fetterman didn’t want to talk about it.

‘Well, have you, have you spoken to the significant number of my colleagues that have much higher staff turnover?’ Fetterman asked Fox News Digital.

He doubled down when asked again if Axios’ reporting was accurate.

‘I think you should talk to my colleagues that have much higher turnover,’ he said after ducking into an elevator.

Politico later reported that Cabelle St. John would take over the chief of staff position.

The latest departure is not the first instance where staffers have left this year. Two aides left last month after a bombshell report from New York Magazine detailed rising concerns among his staff about his health.

And in February, his deputy chief of staff and communications director hit the exits, too.

Fetterman has been no stranger to controversy since winning his seat two years ago and has made a name for himself by often bucking his party’s marching orders and siding with Senate Republicans on thorny policy issues.

For example, Fetterman has often broken with Democrats on Israel and immigration, saying his party has lost the argument on both issues.

The lawmaker acknowledged his unique brand of bipartisanship during a forum alongside fellow Pennsylvania Sen. David McCormick, a Republican, moderated by Fox News’ Shannon Bream on Monday.  

‘That’s part of the bipartisanship where, you know, it’s getting more and more kind of, punitive to just agree with some of these things in the middle of the party right now,’ he said.


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Rep. Thomas Massie, R-Ky., said Elon Musk should fund primary challenges against almost every Republican who voted for President Donald Trump’s ‘big, beautiful bill’ last week.

‘I don’t primary my colleagues, but I feel pretty good about him doing it,’ Massie told Fox News Digital on Wednesday.

‘There’s a few others that should be spared,’ when asked to clarify if he meant all 215 House Republicans who supported the legislation. ‘But people want term limits, right? Elon can bring term limits.’

Musk came out against the massive Trump agenda bill that House Republicans passed last week.

‘I’m sorry, but I just can’t stand it anymore. This massive, outrageous, pork-filled congressional spending bill is a disgusting abomination. Shame on those who voted for it: you know you did wrong. You know it,’ Musk first posted.

It was followed by several posts on the national debt, and one that read, ‘In November next year, we fire all politicians who betrayed the American people.’

Massie said on Wednesday, ‘I just think he made one mistake when misstatement – he said take them out in November. I would take them out in primaries if I were Elon Musk.’

Both House Speaker Mike Johnson, R-La., and the White House have closed ranks around the legislation.

Johnson issued a rare forceful response to Musk from the podium of his weekly press conference on Wednesday, calling the billionaire ‘flat wrong.’

‘Elon and I left on a great note. We were texting one another, you know, happy texts, you know, Monday and then, and then yesterday, you know, 24 hours later, he does a 180, and he comes out and opposed the bill,’ Johnson told reporters.

‘And it surprised me, frankly. And, I don’t take it personal…I think he’s way off on this, and I’ve told him as much, and, I’ve said it publicly and privately.’

The massive budget reconciliation bill is aimed at advancing Trump’s priorities on taxes, immigration, energy, defense and the debt limit. 

The nonpartisan Congressional Budget Office projected it would add $2.4 trillion to the federal deficit over 10 years, but House GOP leaders have dismissed that modeling as inaccurate representations of economic growth.

Massie was one of three House Republicans to vote against the bill. Rep. Warren Davidson, R-Ohio, also voted ‘no,’ while House Freedom Caucus Chairman Andy Harris, R-Md., voted ‘present.’

Massie is also no stranger to clashing with both Trump and Johnson. He has faced primary threats from the former and led an unsuccessful bid to remove the latter from House leadership.

Massie has been consistent, however, in his opposition to legislation that would have any chance of adding to the federal debt – now currently nearly $37 trillion.

Republican supporters of the bill, however, have contended that it is the best possible vehicle to radically reform government programs plagued with waste, fraud and abuse, and restore much-needed funding to the border, while extending Trump’s 2017 tax cuts.

However, the legislation is now in the Senate, where Republicans have already signaled they would want to see changes to the final bill.

Fox News Digital reached out to the National Republican Congressional Committee for comment on Massie’s remarks.


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Iranian Supreme Leader Ayatollah Ali Khamenei on Wednesday came out swinging at the U.S.’ most recent proposal, which apparently included a call for zero uranium enrichment, to which the Iranian leader said was ‘100 %’ against Tehran’s interests.

The issue of whether the U.S. would push a complete ban on uranium enrichment – a process that is needed to produce nuclear energy as well a warhead – came into question this week after reporting suggested a U.S. proposal submitted to Iran through Omani mediators on Saturday allowed for ‘low levels’ of enrichment.

President Donald Trump appeared to refute this in a social media post this week, and on Wednesday, Khamanei, who did not comment directly on the specifics of the proposal, said that ‘In the current nuclear talks that are being mediated by Oman, the U.S.’s proposal is 100% against the spirit of ‘We can’.’ 

‘What the U.S. is demanding is that you should have no nuclear industry at all and be dependent on them,’ he added. 

Included in the proposal was apparently a call for a regional coalition for enrichment that could provide Iran with the uranium it needs for civilian projects, like energy. 

Iranian authorities said this week that this idea was not a new concept, and while Tehran is not opposed to being part of such a coalition, it would not serve as an adequate substitute even though Iran relies on nuclear energy for less than 1% of its energy consumption. 

Khamanei did not say that Iran was unwilling to continue negotiating with the U.S., though Tehran has repeatedly insisted that a zero-enrichment policy is a non-starter. 

‘A nuclear industry without enrichment capabilities is useless, because we would then be dependent on others to obtain fuel for our power plants,’ he said.

The Iranian leader said on Wednesday that Iran’s nuclear development has become a source of national pride and claimed, ‘The number of countries in the world that have achieved a complete nuclear fuel cycle is perhaps fewer than the number of fingers on a person’s two hands. 

‘We’re capable of producing nuclear fuel starting from the mine and all the way to the power plant,’ he added. 

Iran has also repeatedly claimed it does not intend to develop a nuclear weapon, though its near-weapons-grade enrichment levels and missile program have suggested otherwise and prompted immense concern among international security officials, including the U.N.’s nuclear watchdog, the International Atomic Energy Agency.

Khamanei’s comments regarding Iran’s possession of a nuclear weapon were among the most fervent he has issued and again called into question Tehran’s claims that it is not looking to make itself the 10th nuclear nation. 

‘You Americans possess atomic bombs and have the massive destruction of the world at your disposal,’ he said in a series of posts on X. ‘What business is it of yours whether the Iranian nation should or shouldn’t have uranium enrichment or whether it should or shouldn’t have a nuclear industry?

‘Why are you interfering and trying to say whether Iran should have uranium enrichment or not? That’s none of your business,’ Khamanei said. 


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Saga Metals Corp. (‘SAGA’ or the ‘Company’) (TSXV: SAGA) (OTCQB: SAGMF) (FSE: 20H) a North American exploration company focused on critical mineral discovery, is pleased to announce the appointment of Paul McGuigan, P. Geo., as its Qualified Person on the exploration and development of the Radar Ti-V-Fe Property (the ‘ Project ‘) in Labrador. Mr. McGuigan will advise on standards of practice for QAQC, structural mapping, drilling and deposit modelling.

Mr. McGuigan, a Professional Geoscientist, has 50 years of international experience in economic geology and mineral exploration management, spanning grassroots exploration to feasibility studies and mining operations. Early in his career, he was employed by IBM, the Geological Survey of Canada, Imperial Oil, Pechiney Ugine Kuhlmann, Esso Minerals Canada and Westmin Resources.

For the last 37 years, McGuigan has led Cambria Geological Inc., which has operated in North and South America, West Africa, the Middle East, the SW Pacific, and Europe. Clients have included private and publicly-listed companies, First Nations groups, and governments. He has been responsible for multiple feasibility-level projects involving due diligence standards, data validation, project management, mine rehabilitation, deposit modelling, and QAQC.

In decades of public service, McGuigan was a member of the Consulting Practice and Geoscience Committees of the Engineers and Geoscientists of BC, an executive/director of the BC Neurological Centre, and president/director of the BC Centre for Ability Foundation.

McGuigan’s geological expertise includes Fe-Ti-V-P in layered mafic intrusions, iron oxide-copper-gold (IOCG), volcanogenic massive sulphide, porphyry Cu-Mo-Au, epithermal and orogenic gold, and diamond deposits.

Regarding the Radar V-Ti-Fe project, McGuigan has served in several relevant roles on similar projects. In his early career, he researched gravity and magnetic separations, which led to novel heavy mineral sampling methods. For Esso Minerals, he supervised the structural mapping and mineral resource estimation of a complexly deformed, copper-bearing massive magnetite deposit, significantly improving the head grade and supporting the re-opening of the 8,000 tpd underground Granduc Mine in BC.

Later, McGuigan co-founded a commercial laboratory with Acme Analytical (now part of the Bureau Veritas group), conducting mineral separations and identifying and testing indicator minerals.

For a private Latin American group of companies, McGuigan served as the Qualified Person for testing V-Ti-Fe in Proterozoic layered mafic intrusions, including drilling, bulk sampling, pilot mill construction, and the construction of an on-site laboratory for mineral separations, XRF analysis, and QAQC. For that same client, McGuigan supervised the definition drilling and resource estimation of a heavy mineral sands deposit, with significant Ti-Fe in titanomagnetite.

In Canada, McGuigan has served as the Qualified Person and reviewed numerous Superior and Grenville Province V-T-Fe (P) deposits in layered mafic intrusions. In certain projects, he secured government grants for metallurgical and critical mineral technology.

Radar Property map, depicting aeromagnetic anomalies, oxide layering and the site of the 2025 drill program. The Property is well serviced by road access and is conveniently located near the town of Cartwright, Labrador. A compilation of historical aeromagnetic anomalies is shown. SAGA has demonstrated the reliability of the regional airborne magnetic surveys after ground-truthing and drilling in the 2024 and 2025 field programs.

Figure 1: Radar Property map, depicting aeromagnetic anomalies, oxide layering and the site of the 2025 drill program. The Property is well serviced by road access and is conveniently located near the town of Cartwright, Labrador. A compilation of historical aeromagnetic anomalies is shown. SAGA has demonstrated the reliability of the regional airborne magnetic surveys after ground-truthing and drilling in the 2024 and 2025 field programs.

Radar Ti-V-Fe Project Overview:

The Company’s 100%-owned Radar Property is located 10 km from the coastal city of Cartwright, Labrador, benefiting from tremendous infrastructure, including road access, deep-water port, airstrip and nearby hydro-electric power. The Radar Property comprises 24,175-hectares and entirely encloses the Dykes River intrusive complex mapped at 160km 2 on surface.

The Dykes River intrusive complex is a recently recognized Mesoproterozoic layered mafic intrusion (Gower, 2017). It has gained attention due geological similarities to large AMCG-type intrusions and a very extensive titanium–vanadium–iron (Ti-V-Fe) rich layer.

Radar Ti-V-Fe Project 2025 Winter Drill Program Highlights:

  • Analytical results have now been received on all 7 diamond drill holes from the 2025 winter program.
  • Combined with petrographic analysis, these new assays further confirm that the primary economic mineral is vanadiferous titanomagnetite—favorable for simplified metallurgical processing.
  • Titanomagnetite-rich zones average between 20% and 40% titanomagnetite, with localized massive layers exceeding 60%.
  • Drilling has confirmed the presence of oxide layering and associated magnetic anomalies to vertical depths of up to 300 meters.
  • Current drilling has tested just 1/40th of the identified 20 km strike extent of the oxide layering zone within the Dykes River Intrusion (refer to Figure 1 for map view) .

Marketing Services Agreement with Maximus Strategic Consulting Inc.

The Company also announces that it has entered into an online marketing agreement with Maximus Strategic Consulting Inc. (‘ Maximus ‘).  Pinnacle Digest and PinnacleDigest.com are business names of Maximus. Maximus has agreed to produce and distribute, through the email newsletter and YouTube channel of PinnacleDigest.com, a video highlighting the Company and its projects. Additionally, all the Company’s news releases during the term of the online marketing agreement will be featured in Pinnacle Digest’s weekly email newsletter.

The Company’s engagement of Maximus will run for a period of four months beginning on June 1, 2025, and the Company will pay Maximus a fee of C$150,000 (plus GST) paid in two instalments.  Maximus’ business address is 300 – 1550 5 St. SW Calgary, Alberta. T2R 1K3, email address is support@pinnacledigest.com . Maximus currently owns 300,000 common shares in the capital of the Company and 300,000 common share purchase warrants, each exercisable to acquire one common share at an exercise price of $0.50 per common share until May 23, 2027.

Qualified Person

Paul J. McGuigan, P. Geo. is an Independent Qualified Person as defined under National Instrument 43-101 and has reviewed and approved the technical information related to the Radar Ti-V-Fe Project disclosed in this news release.

About Saga Metals Corp.

Saga Metals Corp. is a North American mining company focused on the exploration and discovery of critical minerals that support the global transition to green energy. The Company’s flagship asset, the Double Mer Uranium Project, is located in Labrador, Canada, covering 25,600 hectares. This project features uranium radiometrics that highlight an 18km east-west trend, with a confirmed 14km section producing samples as high as 0.428% U 3 O 8 and uranium uranophane was identified in several areas of highest radiometric response (2024 Double Mer Technical Report).

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

SAGA also holds additional exploration assets in Labrador, where the company is focused on discovering titanium, vanadium, and iron ore. With a portfolio that spans key minerals crucial to the green energy transition, SAGA is strategically positioned to play an essential role in the clean energy future.

On Behalf of the Board of Directors

Mike Stier, Chief Executive Officer

For more information, contact:
Saga Metals Corp.
Investor Relations
Tel: +1 (778) 930-1321
Email: info@sagametals.com
www.sagametals.com

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

Cautionary Disclaimer

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

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News Provided by GlobeNewswire via QuoteMedia

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Senators are growing antsy to move ahead with a massive sanctions package against Russia, and the only thing standing in the way is President Donald Trump.

In the midst of the extremely partisan budget reconciliation process, nearly the entire upper chamber has coalesced behind the sanctions package from Sens. Lindsey Graham, R-S.C. and Richard Blumenthal, D-Conn., which would slap up to 500% ‘bone-breaking’ tariffs on countries buying energy products from Moscow.

The measure is designed to place Russia’s war machine into a chokehold by imposing duties on oil, gas, uranium and other exports largely purchased by China and India, which account for nearly three-quarters of Moscow’s energy business.

Trump has pushed for peace talks between Ukraine and Russia, which have so far not yielded an end to the three-year conflict, and has begun to sour on Russian President Vladimir Putin’s reluctance to find a peaceful end to the ongoing conflict. He recently questioned ‘what the hell happened’ to the Russian leader.

The latest round of negotiations in Istanbul, Turkey, ended without a ceasefire, and Putin’s recent demands for large chunks of territory in exchange for peace have been nonstarters for Ukrainian President Volodymyr Zelenskyy.

A successful surprise drone attack by Ukraine and fears of a retaliatory strike by Russia have lawmakers growing increasingly anxious to sanction Russia into oblivion, but the president has yet to give Graham — a top ally of Trump’s — and Blumenthal’s bill his blessing.

‘If President Trump asked me my opinion, I would tell them, ‘let’s go now,’’ Sen. John Kennedy, R-L.a., one of the 82 co-sponsors of the bill, told Fox News Digital.

And Graham, who traveled to Ukraine with Blumenthal to meet with Zelenskyy during the Senate’s Memorial Day recess, wants to see his sanctions levied against Russia by as early as next week when world powers gather in Italy for the upcoming G7 Summit to ‘deliver an unequivocal message to China.’

‘The theme of this engagement was that we appreciate President Trump’s earnest efforts to bring about peace and entice Putin to come to the table,’ Graham said in a statement after meeting with French President Emmanuel Macron. ‘It is our view Putin is not responding in kind, he is not interested in peace and that he plans to continue to dismember Ukraine.’

Blumenthal believed that Trump ‘has been played’ by Putin and accused the Russian leader of being ‘totally unserious’ about the negotiations with Ukraine.  

The lawmaker confirmed to Fox News Digital that he and Graham would hold a briefing for all 100 Senators on the current state of affairs in Ukraine on Wednesday.

He said there was ‘no question’ that Trump’s input would be significant for the bill’s fate, but noted that even House Speaker Mike Johnson, R-L.a., came out in support of levying strict sanctions on Russia, which suggested a bicameral desire to inflict monetary pain on Moscow and its allies.

‘We have 82 senators, evenly divided, bipartisan, which I think speaks volumes,’ Blumenthal said. ‘If it’s given a vote, it will pass, and obviously President Trump’s views will matter as to whether it’s given a vote.’

Still, Senate Republican leadership is waiting for a green-light from the White House before making any decisions to put the bill on the floor.

Senate Majority Leader John Thune, R-S.D., countered on the Brian Kilmeade Show on Fox Radio that his team and the White House were working together to make sure that the sanctions package ‘from a technical standpoint’ hit the mark of what the president wanted to do.

‘We’re trying to give [President Trump] as much space and room as necessary for him to try and negotiate the best possible outcome and get a peaceful solution in Ukraine,’ Thune said. ‘And if the sanctions contribute to that, then yeah, we’re available and ready to move.’

Meanwhile, lawmakers don’t see the sanctions package as undermining any ongoing efforts from the White House to broker a peace deal. Sen. Thom Tillis, R-S.C., believed that the legislation would instead act as a ‘real enabler’ for the Trump administration.

And Sen. Tim Kaine, D-Va, similarly believed that the sanctions bill could give Trump a ‘stronger hand’ in negotiations.

‘These are sanctions that would be very punishing to the Russian economy,’ he told Fox News Digital. ‘And we think the president can say, ‘Look, this is going to be very serious, but it can be avoided if we reach an accord right now that’s a cease fire.’’


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Rep. Chip Roy, R-Texas, is pushing to grant Congress vast new oversight powers over real-time federal spending to pick up where Elon Musk left off with the Department of Government Efficiency (DOGE).

A new bill that Roy is introducing on Wednesday would give lawmakers access to Treasury Department invoices larger than $25,000 in real time.

It would also grant lawmakers the ability to see payments to individual recipients of federal benefits and federal employees, according to bill text previewed by Fox News Digital.

It comes roughly a week after Musk announced he was stepping away from his federal government role – followed by his criticism of congressional Republicans’ spending legislation on the way out the door.

‘DOGE lifted up the hood of federal government spending and put on full display the massive programs and inefficiencies wasting American taxpayer dollars,’ Roy told Fox News Digital.

‘Billions were splurged on waste, fraud and abuse – but also on programs that clearly do not align with the core values of the American people. Regardless of which party controls the White House, the mission of DOGE in identifying wasteful spending must continue.’

He said his legislation would give Congress ‘the best tools available to identify this ridiculous spending in real time and allow us to reform government spending well into the future.’

Fiscal hawks like Roy are already looking to the next steps even as Congress begins consideration of a $9.4 billion spending cut proposal sent by the White House on Tuesday. 

The mechanism, known as a rescissions package, gives Capitol Hill 45 days to approve the blockage of funds – which were previously greenlit by Congress – while lowering the Senate’s threshold for passage on it from 60 votes to 51.

The package, which Republican leaders signaled could be the first of several, targets federal funding to NPR, PBS and the U.S. Agency for International Development (USAID).

House GOP leaders said that package would get a vote next week.


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