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Israel said the remains of three people returned by Hamas on Friday did not match any of the deceased hostages. 

Following forensic testing, Israeli officials said it was concluded that the remains do not belong to the 11 deceased hostages still being held in Gaza, Fox News has learned.

‘The remains we received are not our hostages,’ Israeli Prime Minister Benjamin Netanyahu’s office told The Associated Press following the examination of the remains. However, neither Netanyahu’s office nor any other Israeli authorities confirmed the identities of the remains to the AP. It is still unclear who these people were and why they were given to Israel.

Since the U.S.-brokered ceasefire, which began earlier this month, Hamas has returned the remains of 17 hostages. With those already handed over, there have been instances in which Israel has claimed that Hamas returned remains that did not match the remaining deceased hostages. Hamas previously returned additional remains belonging to Ofir Tzarfati, whose body was first recovered in 2023.

The International Committee of the Red Cross (ICRC) made clear its role in the transfer of hostages’ remains. In a statement, the ICRC said that it ‘does not take part in locating the remains.’

‘In accordance with international humanitarian law, it is the responsibility of the parties to search for, collect, and return the dead,’ the ICRC said.

On Thursday, Israel received the remains of Amiram Cooper and Sahar Baruch, leaving 11 deceased hostages in the Gaza Strip, including U.S. citizens Itay Chen and Omer Neutra.

Israeli intelligence suggests Cooper was alive when he was taken from his home in Kibbutz Nir Oz during the Oct. 7, 2023, attacks. The Israel Defense Forces (IDF) said that it estimates Cooper was killed in February 2024. He was 84 years old. Cooper leaves behind a wife, four children and 11 grandchildren.

Baruch was taken from his home in Kibbutz Be’eri during the massacre. The IDF said that it estimates he was murdered on Dec. 8, 2023, at the age of 25. Baruch leaves behind his parents and two siblings.

In addition to Neutra and Chen, the remaining deceased hostages include Meny Godard, Hadar Goldin, Ran Gvili, Asaf Hamami, Joshua Loitu Mollel, Dror Or, Oz Daniel, Lior Rudaeff and Sudthisak Rinthalak.

Fox News’ Yonat Friling and The Associated Press contributed to this report.


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Cobalt prices regained momentum in the third quarter of 2025 as tighter export controls from the Democratic Republic of Congo (DRC) fueled expectations of a market rebound.

After languishing near multi-year lows early in the year, the metal surged to US$47,110 per metric ton in late October, its highest level since January 2023.

The DRC’s prolonged export suspension, followed by new quota limits, has begun to ease a years-long supply glut, with analysts now forecasting a shift from oversupply toward market balance.

All year-to-date and share price information was obtained on October 28, 2025, using TradingView’s stock screener. Companies with market caps above C$10 million at that time were considered.

1. Talon Metals (TSX:TLO)

Year-to-date gain: 358.82 percent
Market cap: C$440.55 million
Share price: C$0.39

Talon Metals is a base metals company advancing the Tamarack nickel-copper-cobalt project in Central Minnesota, US, through a joint venture with Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO). Talon currently holds a 51 percent stake in the project and can earn up to 60 percent.

In late March, Talon Metals announced a massive sulfide discovery at its Tamarack project, with an intercept measuring 8.25 meters containing 95 percent sulfide content located deeper than the current Tamarack resource.

In May, a further massive sulfide discovery in the same zone, the thickest discovery yet at the site, drove the company’s share price up significantly, and another in early August did the same. In the August announcement, Talon shared that it named the discovery zone the Vault zone.

At the start of Q4, Talon announced an expanded winter drilling and exploration program at the Vault zone.

Shares of Talon rallied to a year-to-date high of C$0.54 on October 14, following the winter drill news and alongside rising cobalt prices.

On October 20, Talon received a 12 month extension from Rio Tinto subsidiary Kennecott Exploration to submit a feasibility study and US$10 million payment required to increase its ownership stake in the Tamarack project to 60 percent.

The extension will allow Talon to align the study’s release with the publication of the project’s scoping environmental assessment worksheet, expected in the first half of 2026, marking its entry into Minnesota’s formal environmental review process.

2. Leading Edge Materials (TSXV:LEM)

Year-to-date gain: 222.22 percent
Market cap: C$72.49 million
Share price: C$0.29

Leading Edge Materials is developing critical materials projects in the EU. The company’s projects include its wholly owned Woxna graphite mine and Norra Kärr heavy rare earth elements project, both in Sweden, as well as its 51 percent owned Bihor Sud nickel-cobalt exploration alliance in Romania.

According to its June 2025 presentation, exploration work planned for 2025 at Bihor Sud’s G2 gallery includes mapping and sampling of cobalt-nickel and zinc-lead-silver mineralized zones detected visually and by hand-held XRF. Drilling targeting polymetallic mineralization at the gallery is underway.

On the financial side, Leading Edge announced a C$400,000 non-brokered private placement in June.

According to a June 22 activities update, Leading Edge’s Romanian subsidiary was granted ownership and operational permits for the Avram Iancu mine at Bihor Sud, and the team had begun preliminary investigations of the site.

In its recent quarterly report, released September 19, Leading Edge Materials said it is reassessing its prospects after being granted those permits. at its project located within the Bihor Sud exploration area following the acquisition of additional ownership and operating permits.

The Avram Iancu site hosts extensive historic underground workings and data indicating copper-rich massive sulfide zones, the statement noted.

A competent person report is in progress to consolidate past exploration and outline next steps, while the company evaluates financing options to advance development.

Shares of Leading Edge also benefited from the mid-October cobalt price rally, registering a year-to-date high of C$0.44 on October 14.

3. Battery Mineral Resources (TSXV:BMR)

Year-to-date gain: 180 percent
Market cap: C$16.79 million
Share price: C$0.14

Battery Mineral Resources is focused on developing into a mid-tier copper producer and recently restarted mine and mill operations at the Punitaqui Mining Complex in Chile. In Canada, the company holds the largest land position in Ontario’s historic Cobalt district, where it is exploring high-grade primary cobalt deposits at McAra, Gowganda and Elk Lake.

The company’s portfolio also includes energy services and mineral exploration assets in North America, along with graphite projects in South Korea.

In late October, BMR said it was evaluating strategic options for its Gowganda silver tailings project, located northeast of Sudbury, Ontario.

The project lies in one of the country’s most productive past silver-cobalt districts, and the Gowganda mining camp produced 60 million ounces of silver and 1.3 million pounds of cobalt between 1910 and 1969. Gowganda hosts four former mines and associated tailings historically estimated to contain 2.96 million ounces of silver. BMR is assessing how best to advance or monetize the asset to enhance shareholder value.

On October 16, Battery Mineral Resources reported strong operational performance at its Punitaqui copper project in Chile, driven by improved underground production and plant optimization. Since September 1, 2025, underground operations have averaged 1,800 tonnes per day, up 80 percent from the first half of the year, and 2,000 tonnes per day over the recent two weeks period.

BMR is also advancing development of additional underground operations at Cinabrio Norte and Dalmacia to support further growth from Punitaqui.

The news pushed shares of BMR to a year-to-date high of C$0.17 on October 21.

4. FPX Nickel (TSXV:FPX)

Year-to-date gain: 95.74 percent
Market cap: C$144.81 million
Share price: C$0.46

FPX Nickel is currently advancing its Decar nickel district in BC, Canada.

The property comprises four key targets, with the Baptiste deposit being the primary focus, alongside the Van target. The company also has three other nickel projects in BC and one in the Yukon, Canada.

In February, FPX released a scoping study for the development of a refinery that would refine awaruite concentrate from Baptiste into battery-grade nickel sulfate and by-products of cobalt carbonate, copper and ammonium sulfate. Annual output is anticipated at 32,000 metric tons of contained nickel and 570 metric tons of contained cobalt.

The results show that the process would result in operating and all-in production costs near the bottom of nickel sulfate cost curve, in part due to by-product credits. Additionally, the carbon intensity of the awaruite refinery would be significantly lower than that of currently used production methods.

On September 4, FPX completed a large-scale mineral processing pilot campaign for its Baptiste nickel project, following three prior successful campaigns. The latest production run generated bulk samples of awaruite concentrate, which will be provided to prospective partners, including pre-cursor cathode active materials, battery producers and automakers, to assess its suitability as feedstock.

Later in the month, FPX signed an option agreement to acquire up to 100 percent of the Advocate nickel property in Newfoundland, Canada, following its review of over 50 targets. The property has also been accepted by the Japan Organization for Metals and Energy Security (JOGMEC) as the first designated property under the generative alliance between FPX and JOGMEC, with a significant work program planned to build on encouraging surface nickel recoveries.

FPX shares registered a year-to-date high of C$0.55 on October 17.

5. Wheaton Precious Metals (TSX:WPM)

Year-to-date gain: 61.23 percent
Market cap: C$60.38 billion
Share price: C$133.00

Wheaton Precious Metals is one of the largest gold and silver royalty and streaming companies.

It has investments in 18 operating mines and 28 development projects across four continents, including a cobalt streaming agreement for Vale’s (NYSE:VALE) Voisey’s Bay nickel mine in Newfoundland and Labrador, Canada.

According to Wheaton, Voisey’s Bay is currently in a transitional phase, shifting from the depleted Ovoid open pit to full underground production.

The company reported its Q1 financial results on May 8. The report highlighted a record US$470 million in revenue, US$254 million in net earnings and US$361 million in operating cash flow.

The cobalt segment registered year-on-year attributable production gains, rising to 540,000 pounds in the year’s first quarter, compared to 240,000 pounds during Q1 2024. Despite the output increase, sales fell to 265,000 pounds in Q1 versus 309,000 pounds in Q1 2024.

According to Wheaton’s Q2 2025 results, the Voisey’s Bay mine produced 647,000 pounds of attributable cobalt, a roughly 150 percent increase from the same period in 2024. Vale reported that the underground operations are steadily ramping up, with full production expected by the second half of 2026 as the transition from the depleted Ovoid open-pit continues.

Shares of Wheaton rose to a year-to-date high of C$159.41 on October 16 alongside rising prices for gold, silver and cobalt.

FAQs for cobalt

What is cobalt?

Cobalt is a silver-gray metal that is often produced as a by-product of nickel and copper mining. It does not occur as a separate metal anywhere in the world, and must be produced by reductive smelting, or from the metallic ore cobaltite, which is made of cobalt, sulfur and arsenic.

What is cobalt used for?

Historically, cobalt oxides were used to impart a blue pigment to glass, porcelain and paints, hence the still-used cobalt blue paint. The metal is also used to produce superalloys, as cobalt imparts qualities such as corrosion and wear resistance, which are useful in applications such as airplanes, orthopedics and prosthetics.

Today cobalt is most famously used in the rechargeable lithium-ion batteries that run everything from smartphones to EVs.

Where is cobalt mined?

The majority of cobalt production comes out of the DRC, which was responsible for producing 220,000 metric tons of the material in 2024. For perspective, the second largest cobalt-producing country, Indonesia, reported output of 28,000 MT the same year; third place Russia produced 8,700 MT of the material.

As the lithium-ion battery and EV supply chains garner global attention, companies are trying to limit their exposure to cobalt produced from the DRC, which is known for human rights abuses and sometimes child labor in its mining industry.

In response to this trend, many countries with cobalt are attempting to create domestic cobalt and EV supply chains in the hope of attracting companies looking to avoid DRC-sourced cobalt. This can be seen in the up-and-coming battery corridor in Ontario, Canada, as well as in the US-based Idaho cobalt belt.

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

This post appeared first on investingnews.com

LaFleur Minerals Inc. (CSE: LFLR,OTC:LFLRF) (OTCQB: LFLRF) (FSE: 3WK0) (‘LaFleur Minerals’ or the ‘Company’ or ‘Issuer’) is pleased to announce that, further to its news releases dated July 30, 2025, and September 10, 2025, the Company has closed its non-brokered flow-through private placement for aggregate gross proceeds of $1,663,370 (the ‘Private Placement’). The Private Placement consisted of the issuance of 2,410,682 flow-through units (the ‘FT Units’) at a price of $0.69 per FT Unit, with each FT Unit consisting of one common share in the capital of the Company (a ‘Share’), to be issued as a ‘flow-through share’ within the meaning of the Income Tax Act (Canada) (the ‘Tax Act’), and one Share purchase warrant (a ‘Warrant’).

The securities issued under the Offering will be subject to a hold period ending on the date that is four months plus one day following the date of issue in accordance with applicable securities laws. Each Warrant entitles the holder thereof to purchase one additional Share (a ‘Warrant Share‘) for a period of 24 months from the date of issuance at an exercise price of $0.75 per Warrant Share. The Warrants are subject to an accelerated expiry upon thirty (30) business days notice from the Company in the event the Shares trade for fourteen (14) consecutive trading days anytime after four (4) months from closing of the Private Placement at a volume-weighted average price of at least $0.90 on the Canadian Securities Exchange.

In connection with closing of the Private Placement, the Company incurred cash finder’s fees in the amount of $104,652.14 to certain eligible finders and issued the finders an aggregate of 151,668 non-transferable Share purchase warrants (the ‘Finder’s Warrants‘). Each Finder’s Warrant is exercisable into a Share (a ‘Finder’s Warrant Share‘) at a price of $0.75 per Finder’s Warrant Share for a period of 24 months from the date of issuance, subject to the same accelerated expiry.

Proceeds from the sale of FT Units will be used for exploration and drilling programs on the Company’s flagship, advanced stage, district-scale Swanson Gold Project (‘Swanson‘), located in the Abitibi Gold Belt in Val-d’Or, Québec, and flow-through eligible work such as ore-sorting and metallurgical testwork of a large bulk sample using independent geometallurgy experts such as SGS and SRC, and the Company’s 100%-owned Beacon Gold Mill, its near-term gold producing asset. The ore-sorting and metallurgical testwork will be completed using drill core and a large bulk sample from the Swanson Gold Deposit in order to inform and support mineral resource estimates and economic viability, including the potential effectiveness of ore-sorting technology at Swanson.

The Company is working diligently with ERM to complete the Preliminary Economic Assessment (PEA) to evaluate the restart of gold production at its Beacon Gold Mill, which will primarily process mineralized material from the Company’s nearby Swanson Gold Deposit. The gross proceeds from the issuance of the FT Shares will be used to incur resource exploration expenses which will constitute ‘Canadian exploration expenses’ as defined in subsection 66.1(6) of the Income Tax Act and ‘flow through mining expenditures’ as defined in subsection 127(9) of the Income Tax Act and under section 359.1 of the Québec Tax Act (the ‘Qualifying Expenditures‘), which will be renounced with an effective date no later than December 31, 2025 to the purchasers of the FT Units in an aggregate amount not less than the gross proceeds raised from the issue of the FT Shares. In addition, with respect to Québec resident subscribers who are eligible individuals under the Québec Tax Act, the Canadian exploration expenses will also qualify for inclusion in the ‘exploration base relating to certain Québec exploration expenses’ within the meaning of section 726.4.10 of the Québec Tax Act and for inclusion in the ‘exploration base relating to certain Québec surface mining expenses or oil and gas exploration expenses’ within the meaning of section 726.4.17.2 of the Québec Tax Act. If the Qualifying Expenditures are reduced by the Canada Revenue Agency, the Company will indemnify each FT Share subscriber for any additional taxes payable by such subscriber as a result of the Company’s failure to renounce the Qualifying Expenditures as agreed.

This news release is not an offer to sell or the solicitation of an offer to buy the securities in the United States or in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification or registration under the securities laws of such jurisdiction. The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended (the ‘U.S. Securities Act’), and such securities may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent an exemption from registration under the U.S. Securities Act and applicable U.S. state securities laws. ‘United States’ and ‘U.S. person’ are as defined in Regulation S under the U.S Securities Act.

QUALIFIED PERSON STATEMENT

All scientific and technical information contained in this news release has been prepared and approved by Louis Martin, P.Geo. (OGQ), Exploration Manager and Technical Advisor of the Company and considered a Qualified Person (QP) for the purposes of NI 43-101.

About LaFleur Minerals Inc.
LaFleur Minerals Inc. (CSE: LFLR,OTC:LFLRF) (FSE: 3WK0) is focused on the development of district-scale gold projects in the Abitibi Gold Belt near Val-d’Or, Québec. Our mission is to advance mining projects with a laser focus on our resource-stage Swanson Gold Deposit and the Beacon Gold Mill, which have significant potential to deliver long-term value. The Swanson Gold Project is approximately 18,304 hectares (183 km2) in size and includes several prospects rich in gold and critical metals previously held by Monarch Mining, Abcourt Mines, and Globex Mining. LaFleur has recently consolidated a large land package along a major structural break that hosts the Swanson, Bartec, and Jolin gold deposits and several other showings which make up the Swanson Gold Project. The Swanson Gold Project is easily accessible by road allowing direct access to several nearby gold mills, further enhancing its development potential. Lafleur Mineral’s fully refurbished and permitted Beacon Gold Mill is capable of processing over 750 tonnes per day and is being considered for processing mineralized material at Swanson and for custom milling operations for other nearby gold projects.

ON BEHALF OF LaFleur Minerals INC.

Paul Ténière, M.Sc., P.Geo.
Chief Executive Officer
E: info@lafleurminerals.com
LaFleur Minerals Inc.
1500-1055 West Georgia Street
Vancouver, BC V6E 4N7

Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this news release.

Cautionary Statement Regarding ‘Forward-Looking’ Information

This news release includes certain statements that may be deemed ‘forward-looking statements’. All statements in this new release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words ‘expects’, ‘plans’, ‘anticipates’, ‘believes’, ‘intends’, ‘estimates’, ‘projects’, ‘potential’ and similar expressions, or that events or conditions ‘will’, ‘would’, ‘may’, ‘could’ or ‘should’ occur. Forward-looking statements in this news release include, without limitation, statements related to the anticipated use of proceeds from the LIFE Offering. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/272857

News Provided by Newsfile via QuoteMedia

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A handful of judges, some of whom are Supreme Court contenders, will tackle antisemitism at an annual convention this week, joining a rare multi-judge panel in a forum typically reserved for one-person lectures, Fox News Digital has learned. 

U.S. District Judge Roy Altman, who will moderate the discussion among the judicial heavyweights, said the panel is ‘unprecedented’ and a needed change to address what he said was a rise in antisemitism in the aftermath of Hamas’ terrorist attack on Israel in 2023. The panel is part of the Federalist Society’s annual National Lawyers Convention.

‘This conversation on faith, understanding, and moral responsibility could not be more timely,’ Altman said. ‘It reflects the importance of the moment, the endurance of Western values, and Judge [Robert] Bork’s abiding belief in moral clarity and in the strength that comes from open dialogue.’

The judges who will participate in the discussion include seven Trump appointees, including Altman, one appointee of former President George Bush, and a justice of the Texas Supreme Court.

They include Judge Amul Thapar of the U.S. Court of Appeals for the 6th Circuit, who was floated in Bloomberg Law as a good successor to Justice Clarence Thomas, in part because he would be the first Asian American justice, a ‘positive’ when weighing replacing the second-ever Black justice.

Two others, Judge David Stras and Raymond Gruender, both of the U.S. Court of Appeals for the 8th Circuit, were on Trump’s Supreme Court shortlist during the president’s first term. Judge Martha Pacold of the Northern District of Illinois appeared on another one of Trump’s shortlists in 2020.

The Federalist Society event has for years been named after the late Bork, who, incidentally, once helped break a law firm’s avoidance of hiring Jewish lawyers, according to Senate testimony by his peers in 1987. 

In an interview with Fox News Digital, Altman, a vocal Jewish judge who is based in the Southern District of Florida, said he has also arranged numerous trips for federal judges of varying faiths to visit Israel after the Oct. 7 attack.

He said that although his personal conversations about Israel had largely been centered on campuses, ‘it became clear’ to him that the judiciary needed to chime in because heated discourse surrounding the topic involved legal questions.

The deadly attack in Israel reignited conflict in Gaza and led to nationwide anti-Israel protests, especially on U.S. college campuses. Protesters claimed Israel was killing thousands of innocent Palestinians in Gaza indiscriminately, while the Israeli government said it gave fair warning about its offensive and that its targets were Hamas terrorists.

‘Those claims, is Israel violating the laws of war? Is it an apartheid state? Does it occupy land that doesn’t belong to it?’ Altman said. ‘Those are just legal questions with legal answers, and I thought, who better than federal judges to understand what the applicable legal rule is, to adduce and find out what the relevant facts are, and then to apply the facts to the law and issue a judgment, than a federal judge.’

Some of the judges who will participate on the panel have been on Altman’s Israel trips.

The Federalist Society indicated that the judges plan to speak about their personal experiences talking with people of other faiths about anti-Jewish sentiments. They also plan to address First Amendment concerns surrounding antisemitism.

The discussion comes as the Trump administration has aggressively targeted noncitizens for speech that it has claimed in court is at odds with its national security posture because it is too critical of Israel and potentially supportive of Hamas.

Free speech proponents have warned that offensive and politically charged speech is protected under the Constitution. In the case of Mahmoud Khalil, which has become a flashpoint in these discussions, the courts have been examining the extent to which noncitizens enjoy First Amendment protections.

Altman said he has observed a one-sidedness in the opposite direction on campuses and that pro-Israel expression has been suppressed. Just this year, New York University canceled Jewish legal scholar Ilya Shaprio’s talk there because of what it said were security risks from protesters.

‘I was shocked, honestly, to discover that so many young people in our country, especially on our college campuses, had a totally incorrect view about the one Jewish state in the world and its role in the Middle East and its history and how it came to be, and it also became clear that the sort of debate that was taking place on campus wasn’t really a debate, because only one side of the story was being told,’ Altman said.


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Statistics Canada released August’s gross domestic product (GDP) data on Friday (October 31). The numbers showed a 0.3 percent decline in real GDP overall, with declines seen in many sectors of the Canadian economy.

The mining, quarrying, and oil and gas sector was down 0.7 percent during the month after increasing in June and July. This was led by a 5 percent decrease in support activities and a 1.3 percent drop in mining and quarrying, including a 1.2 percent decline in metal ore mining, while oil and gas extraction increased by 0.2 percent.

Likewise, the manufacturing sector was down 0.5 percent, with durable goods manufacturing weighing heavily with a decrease of 0.8 percent. One spot of good news is that primary metal manufacturing rose 3.7 percent, which was headlined by a 9.6 percent increase in aluminum production and processing.

The report also included an advance estimate for September, predicting a 0.1 percent increase, as well as increases in the resource sector. Overall, this would mean Q3’s real GDP also increased by 0.1 percent, avoiding a recession following a 0.4 percent decline in the second quarter.

These figures, along with the consumer price index edging up to 2.4 percent in September, may also have played into the Bank of Canada’s decision on Wednesday (October 29) to cut its benchmark interest rate by another 25 basis points to 2.25 percent.

In its announcement, the central bank noted that the Governing Council sees the policy rate at the right level to maintain inflation close to its 2 percent target, but it would be prepared to respond if the outlook changes.

Bank Governor Tiff Macklem once again stressed that “monetary policy cannot undo the damage caused by tariffs.” However, while the central bank expects the economy to remain weak through the end of 2025, it was also expecting modest growth.

Meanwhile, the United States Federal Reserve also announced on Wednesday that it would cut its Federal Funds Rate by 25 points to the 3.75 to 4 percent range. In its statement, the Federal Open Market Committee discussed slowing job growth and rising inflation, which has moved away from its 2 percent target.

The next meeting of the Fed is scheduled for December 9 and 10; however, concerns remain about data availability, as a shutdown of the US federal government has affected agencies’ ability to deliver critical economic and job data, leaving the Fed to rely on private-sector research.

Markets and commodities react

Canadian equity markets were mixed this week.

The S&P/TSX Composite Index (INDEXTSI:OSPTX) gained 0.04 percent over the week to close Friday at 30,260.74.

On the other hand, the S&P/TSX Venture Composite Index (INDEXTSI:JX) ended the week down 0.49 percent at 957.88. The CSE Composite Index (CSE:CSECOMP) also fell this week, shedding 1.21 percent to close out the week at 175.27.

The gold price was down 3.08 percent this week, closing at US$4,001.76 per ounce. The silver price also fell but fared better, dropping just 0.52 percent to US$48.57 by 4:00 p.m. EDT Friday.

Meanwhile, in base metals, the copper price shed 1.5 percent to US$5.16 per pound.

The S&P Goldman Sachs Commodities Index (INDEXSP:SPGSCI) fell 0.79 percent to end Friday at 557.01.

Top Canadian mining stocks this week

How did mining stocks perform against this backdrop?

Take a look at this week’s five best-performing Canadian mining stocks below.

Stocks data for this article was retrieved at 4:00 p.m. EDT on Friday using TradingView’s stock screener. Only companies trading on the TSX, TSXV and CSE with market caps greater than C$10 million are included. Mineral companies within the non-energy minerals, energy minerals, process industry and producer manufacturing sectors were considered.

1. MAX Power Mining (CSE:MAXX)

Weekly gain: 82.5 percent
Market cap: C$56.01 million
Share price: C$0.73

MAX Power is a hydrogen exploration and development company advancing its natural hydrogen properties in Saskatchewan, Canada.

In total, the company holds permits for 1.3 million acres of land across the province, with an additional 5.7 million under application. Its primary site is focused on the Genesis Trend, a 200 kilometer by 75 kilometer area near the Regina-Moose Jaw Industrial Corridor, a proposed hydrogen hub.

On October 24, the company announced it received a drilling license for its first hydrogen well within the Genesis Trend, which will also be Canada’s first deep well dedicated to natural hydrogen.

The company said operations at its Lawson well will commence on or about November 7. The program will include the use of gas chromatographs to sample for helium, nitrogen and methane and another mass spectrometer specifically to detect hydrogen.

Then, on Monday (October 27), MAX Power reported that it had identified the Bracken target in Southwest Saskatchewan along the border with Montana. It marks the company’s first high-priority target outside of the Genesis Trend, lying within the 120,000 acre Grasslands project. The next step will be to acquire proprietary 2D seismic data, which it anticipates will be completed in Q4 of 2025.

On Tuesday (October 28), MAX announced the development of the MAX Power Large Earth Model Integration, which combines datasets from government and commercial sources to create maps that enable the evaluation of hydrogen prospectivity and more.

The company said that in version 2 of the technology, it will integrate machine learning into the process to better understand the data at a granular level and will eventually be able to apply it to any jurisdiction in the world.

The most recent news came on Thursday (October 30), when MAX appointed Ranjith Narayanasamy, who is President and CEO of the Petroleum Technology Research Centre, as its new CEO effective December 8. Current CEO Mansoor Jan will be transitioning to the CEO of the company’s US critical minerals subsidiary, which it is eyeing for a potential spin-out.

2. Manganese X Energy (TSXV:MN)

Weekly gain: 57.89 percent
Market cap: C$25.75 million
Share price: C$0.15

Manganese X Energy is an exploration and development company focused on its flagship Battery Hill project in New Brunswick, Canada, from which it plans to produce high-purity battery grade manganese for lithium-ion batteries.

The property consists of 55 claims covering an area of 1,228 hectares in Carlton County, and hosts five primary manganese-iron zones: Iron Ore Hill, Moody Hill, Sharpe Farm, Maple Hill and Wakefield.

A June 2021 technical report demonstrated a measured and indicated resource of 34.86 million metric tons of ore grading 6.42 percent manganese and 10.67 percent iron, and an inferred resource of 25.9 million metric tons grading 6.66 percent manganese and 10.92 percent iron.

On September 9, Manganese X announced it was advancing to the third and final phase of battery testing with US battery company Charge CCCV. Phase 2 testing results showed 70 percent capacity retention after 4,600 cycles, which the company said is more than double the cycle life of conventional nickel-manganese-cobalt batteries.

As for this week, on Thursday the company announced the appointment of Desmond Tranquilla to its board of directors. Tranquilla has more than 32 years of experience in the mining industry and is currently vice president of projects with Canada Nickel Company (TSXV:CNC).

3. Copper Quest Exploration (CSE:CQX)

Weekly gain: 48.15 percent
Market cap: C$10.23 million
Share price: C$0.2

Copper Quest Exploration is an exploration company building a portfolio of prospective copper properties in North America, including the Stars and Stellar copper projects in British Columbia, Canada.

It recently acquired two new projects. The first, announced on September 22, is the Nekash copper-gold porphyry project in Idaho, US. The asset lies in the Idaho-Montana porphyry belt and consists of 70 unpatented lode claims covering 585 hectares.

Historic exploration and recent work has confirmed the presence of copper and gold quartz veins, according to the release, with rock chip samples at porphyry style veins revealing grades up to 6.6 percent copper and 0.6 grams per metric ton (g/t) gold.

The second came this Thursday, when the company acquired the 2,954 hectare Kitimat copper-gold project in the Skeena Mining Division of Northwest British Columbia. Situated in the prolific Stikine Terrane, the project has a history of exploration dating back to the 1960s.

In 2010, diamond drilling across 16 holes returned a highlighted assay of 1.03 g/t gold and 0.54 percent copper over 117.07 meters from surface.

4. Liberty Stream Infrastructure Partners (TSXV:LIB)

Weekly gain: 42.22 percent
Market cap: C$105.49 million
Share price: C$0.64

Liberty Stream is a lithium development company advancing its direct lithium extraction technology in the US.

The company is working on a pair of projects — one in Texas’ Permian Basin and the other in North Dakota’s Bakken Oil Field — aimed at extracting lithium from brines used in oil and gas production.

On October 7, the company entered site preparations for the final installation and commissioning of its bulk lithium refining unit in Texas, which will allow it to convert lithium chloride eluate into commercial-grade lithium carbonate. It expects to begin producing lithium carbonate from the unit in the second half of Q4, and launch full-scale operations in 2026.

The most recent news came on October 23, when it announced that it was awarded a US$500,000 grant from the State of North Dakota for the development of lithium carbonate production to supply a battery cell manufacturing facility in the state.

5. Signature Resources (TSXV:SGU)

Weekly gain: 40 percent
Market cap: C$10.69 million
Share price: C$0.07

Signature Resources is a gold exploration company focused on its Lingman Lake gold project in Ontario, Canada.

The property consists of 1,274 unpatented single-cell mining claims and 13 multi-cell claims covering more than 24,000 hectares in Northwest Ontario. Airborne geophysical surveys completed in 2021 identified 14 high-value targets with the potential for multiple gold occurrences.

On September 25, the company announced plans for a six hole, 3,000 meter diamond drill program, which it expects to complete this fall. Signature used combined data from its 2024 drill campaign, historical workings and the results from a 2021 3D induced polarization survey to refine targets for the diamond drilling.

This Thursday, the company closed an upsized non-brokered private placement and issued 23 million charity flow-through units, 10.46 million flow-through units, and 18.53 million non-flow-through units, generating proceeds of C$3.42 million.

Funds will be used for exploration activities at Lingman Lake, including the diamond drill program, and for general working capital.

FAQs for Canadian mining stocks

What is the difference between the TSX and TSXV?

The TSX, or Toronto Stock Exchange, is used by senior companies with larger market caps, and the TSXV, or TSX Venture Exchange, is used by smaller-cap companies. Companies listed on the TSXV can graduate to the senior exchange.

How many mining companies are listed on the TSX and TSXV?

As of May 2025, there were 1,565 companies listed on the TSXV, 910 of which were mining companies. Comparatively, the TSX was home to 1,899 companies, with 181 of those being mining companies.

Together, the TSX and TSXV host around 40 percent of the world’s public mining companies.

How much does it cost to list on the TSXV?

There are a variety of different fees that companies must pay to list on the TSXV, and according to the exchange, they can vary based on the transaction’s nature and complexity. The listing fee alone will most likely cost between C$10,000 to C$70,000. Accounting and auditing fees could rack up between C$25,000 and C$100,000, while legal fees are expected to be over C$75,000 and an underwriters’ commission may hit up to 12 percent.

The exchange lists a handful of other fees and expenses companies can expect, including but not limited to security commission and transfer agency fees, investor relations costs and director and officer liability insurance.

These are all just for the initial listing, of course. There are ongoing expenses once companies are trading, such as sustaining fees and additional listing fees, plus the costs associated with filing regular reports.

How do you trade on the TSXV?

Investors can trade on the TSXV the way they would trade stocks on any exchange. This means they can use a stock broker or an individual investment account to buy and sell shares of TSXV-listed companies during the exchange’s trading hours.

Article by Dean Belder; FAQs by Lauren Kelly.

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

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

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Skyharbour Resources Ltd. (TSX-V: SYH ) (OTCQX: SYHBF ) (Frankfurt: SC1P ) (the ‘Company’) is pleased to announce that the Company will be presenting at Red Cloud’s Fall Mining Showcase 2025. The annual conference will be hosted in-person, at the Sheraton Centre Toronto Hotel from November 4-5, 2025. We invite our shareholders, and all interested parties to join us there.

Skyharbour’s President and CEO, Jordan Trimble, will be presenting Wednesday, November 5 th at 1:40 pm Eastern Standard Time, providing an overview and update for the Company.

For more information and/or to register for the conference please visit:
https://redcloudfs.com/fallminingshowcase2025/

Skyharbour Engages Marketing Firm:

The Company has entered into an agreement with Plutus Invest and Consulting (‘Plutus’), a German based communications and media services provider, pursuant to which Plutus will provide the Company with marketing services. The consulting agreement has a term of six months commencing November 1 st , 2025 and shall continue through April 30 th , 2026. The marketing services provided by Plutus will be in consulting with the Company’s management in building investor awareness of the Company through Plutus’s network in Europe. The Company has agreed to pay Plutus a total initial cost of CAD $120,000 upon the commencement of services. Plutus is an arm’s length from the Company and Plutus does not have any interest, direct or indirect, in the Company or its securities. The Company’s engagement of Plutus is subject to the acceptance of the TSX Venture.

About Skyharbour Resources Ltd.:

Skyharbour holds an extensive portfolio of uranium exploration projects in Canada’s Athabasca Basin and is well positioned to benefit from improving uranium market fundamentals with interest in thirty-seven projects covering over 616,000 hectares (over 1.5 million acres) of land. Skyharbour has acquired from Denison Mines, a large strategic shareholder of the Company, a 100% interest in the Moore Uranium Project, which is located 15 kilometres east of Denison’s Wheeler River project and 39 kilometres south of Cameco’s McArthur River uranium mine. Moore is an advanced-stage uranium exploration property with high-grade uranium mineralization in several zones at the Maverick Corridor. Adjacent to the Moore Project is the Russell Lake Uranium Project, in which Skyharbour is operator with joint-venture partner RTEC. The project hosts widespread uranium mineralization in drill intercepts over a large property area with exploration upside potential. The Company is actively advancing these projects through exploration and drilling programs.

Skyharbour also has joint ventures with industry leader Orano Canada Inc., Azincourt Energy, and Thunderbird Resources at the Preston, East Preston, and Hook Lake Projects, respectively. The Company also has several active earn-in option partners, including CSE-listed Basin Uranium Corp. at the Mann Lake Uranium Project; TSX-V listed North Shore Uranium at the Falcon Project; UraEx Resources at the South Dufferin and Bolt Projects; Hatchet Uranium at the Highway Project; CSE-listed Mustang Energy at the 914W Project; and TSX-V listed Terra Clean Energy at the South Falcon East Project.

In aggregate, Skyharbour has now signed earn-in option agreements with partners that total to over $36 million in partner-funded exploration expenditures, over $20 million worth of shares being issued, and $14 million in cash payments coming into Skyharbour, assuming that these partner companies complete their entire earn-ins at the respective projects.

Skyharbour’s goal is to maximize shareholder value through new mineral discoveries, committed long-term partnerships, and the advancement of exploration projects in geopolitically favourable jurisdictions.

Skyharbour’s Uranium Project Map in the Athabasca Basin:
https://skyharbourltd.com/_resources/news/SKY_SaskProject_Locator_2025_07_16_v1.jpg

To find out more about Skyharbour Resources Ltd. (TSX-V: SYH) visit the Company’s website at www.skyharbourltd.com

Skyharbour Resources Ltd.

‘Jordan Trimble’

Jordan Trimble
President and CEO

For further information contact myself or:
Nicholas Coltura
Investor Relations Manager
Skyharbour Resources Ltd.
Telephone: 604-558-5847
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: info@skyharbourltd.com

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

This release includes certain statements that may be deemed to be ‘forward-looking statements’. All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements, including the Private Placement. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration and development successes, regulatory approvals, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedarplus.ca for further information.

 

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President Trump announced Friday that he is designating Nigeria as a ‘country of particular concern,’ citing the widespread killings of Christians in the West African country.

‘Christianity is facing an existential threat in Nigeria,’ Trump posted to Truth Social. ‘Thousands of Christians are being killed. Radical Islamists are responsible for this mass slaughter. I am hereby making Nigeria a ‘COUNTRY OF PARTICULAR CONCERN’ — But that is the least of it.’

The President emphasized that action must be taken when people are persecuted for their faith.

Trump said he has directed Rep. Riley Moore, R-W. Va., Rep. Tom Cole, R-Okla., and members of the House Appropriations Committee to investigate the situation and report their findings to him.

‘The United States cannot stand by while such atrocities are happening in Nigeria, and numerous other Countries,’ Trump said. ‘We stand ready, willing, and able to save our Great Christian population around the World!’

The situation for Christians in Nigeria has reached an alarming level. Entire villages have been burned to the ground, worshipers killed during Sunday services, and thousands displaced by Islamist groups sweeping through the country’s northern and central regions.

In June, militants attacked the village of a bishop, just days after he testified before Congress about Christian persecution, leaving more than twenty people dead. Similar assaults in Plateau and Benue states have killed hundreds this year alone, with survivors describing how gunmen shouted, ‘Allahu Akbar’ as they torched churches and homes.

According to the international watchdog group Open Doors, nearly 70% of all Christians killed for their faith worldwide last year were in Nigeria. The group warns that Boko Haram, Islamic State West Africa Province (ISWAP), and Fulani militant herders are responsible for most of the bloodshed, often targeting Christian farmers in the country’s Middle Belt. Rights organizations estimate that thousands of believers are murdered every year, while countless others are forced to flee.

Mark Walker, President Trump’s ambassador-designate for International Religious Freedom, told Fox News Digital that the United States must do what it can to pressure Nigeria’s government to act.

‘Even being conservative, it’s probably 4,000 to 8,000 Christians killed annually,’ Walker said. ‘This has been going on for years — from ISWAP to Islamist Fulani ethnic militias — and the Nigerian government has to be much more proactive.’

Walker, a former pastor and Republican congressman from North Carolina, said that although he has not yet been confirmed, he already works with church networks across Africa to help keep missionaries and local believers safe.

‘This isn’t about appropriations or politics — this is about human life. We’re talking about boys and girls, about women being kidnapped and horrific things happening. All of us should raise our voices.’

He added that he plans to work closely with Marco Rubio to strengthen U.S. advocacy once confirmed. ‘Fortunately, we have a Secretary of State who has been one of the stronger voices,’ Walker said. ‘He’s already put out statements and is very in tune with what’s going on. I look forward to advising him when it comes to countries of particular concern.’

The White House has also acknowledged a surge in anti-Christian violence across sub-Saharan Africa, where jihadist movements are exploiting political instability and porous borders. Both Pope Leo and the U.S. State Department have condemned recent massacres in Nigeria, warning that the crisis risks spreading beyond the country’s borders.

Walker added ‘The United States should always stand up for freedom of religion, and that starts with speaking the truth about what’s happening.’

While humanitarian groups continue to raise alarms, Nigerian officials deny that Christians are being systematically targeted. Information Minister Mohammed Idris recently told Fox News Digital that claims of mass persecution are ‘very misleading,’ rejecting U.S. reports that tens of thousands have been killed.

Sen. Ted Cruz, R-Texas, recently told Fox News Digital that ‘since 2009, over 50,000 Christians in Nigeria have been massacred,’ and ‘over 20,000 churches and Christian schools have been destroyed.’ He called the violence ‘a crisis of religious genocide’ and urged tougher U.S. action.

Presidential spokesperson Bayo Onanuga dismissed the criticism, telling Nigeria’s Daily Post, ‘Christians are not targeted. We have religious harmony in our country.’

Despite the political debate, the facts on the ground remain grim. Christian villages are still under attack, churches continue to burn, and millions live in fear. Western governments have issued statements but taken little tangible action to halt the killings or support survivors, said a priest from Plateau State and added, ‘When the world stays silent, the killers return.’

Fox News’ Paul Tilsley contributed to this report.


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Former Vice President Kamala Harris advocated for decreasing the minimum voting age to 16.

In an interview posted on ‘The Diary Of A CEO’ YouTube channel, Harris declared that she thought ‘we should reduce voting age to 16.’

‘I’ll tell you why. So, Gen Z, they’re age about 13 through 27, they’ve only known the climate crisis,’ she said.

‘If they’re in high school or college, especially in college, it is very likely that whatever they’ve chosen as their major for study may not result in an affordable wage. They’ve coined the term climate anxiety…’ she said.

Florida Gov. Ron DeSantis responded to Harris’ comments by rejecting her proposal.

‘No. Also, suffering from ‘climate anxiety’ is not exactly an argument *for* lowering the voting age,’ he asserted in a post on X.

While Harris wants to let younger Americans vote, she has previously advocated for raising the minimum age to purchase a gun to 21 years old.

Former VP Harris says Biden didn

‘We can’t fail the American people on gun violence anymore. It’s time for the Senate to do something. Ban assault weapons and high-capacity magazines. Raise the age to purchase guns from 18 to 21. Strengthen background checks. Let’s get this done,’ a 2022 post on the ‘Vice President Kamala Harris Archived’ X account reads.


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The White House pushed back on media reports suggesting that President Donald Trump’s administration had identified, and was imminently poised to strike, military targets within Venezuela. 

Although Trump has signaled for weeks he’s prepared to launch land operations against Venezuela, the White House cast doubt on the new media reports.

‘Unnamed sources don’t know what they’re talking about,’ White House spokeswoman Anna Kelly said in a Friday statement to Fox News Digital. ‘Any announcements regarding Venezuela policy would come directly from the President.’

The Wall Street Journal reported Thursday that the Trump administration had identified military targets within Venezuela that are being used to transport drugs, although the news outlet said that Trump hadn’t formalized a decision on whether he would launch land strikes against these targets.

Trump told reporters Friday on Air Force One a decision hadn’t been made about whether he would strike military targets within Venezuela, Bloomberg News reported. 

Additionally, the Miami Herald reported Friday that the administration had decided to conduct strikes against these military installations within Venezuela that could come ‘in a matter of days or even hours.’

Both the Journal and the Miami Herald cited anonymous sources familiar with the plans. 

The Herald reported that the pending strikes were part of a larger effort the Trump administration is initiating to crack down on the Cartel de los Soles, which Attorney General Pam Bondi has said Venezuela’s President Nicolás Maduro heads up.

The Trump administration does not recognize Maduro as a legitimate head of state, and the administration beefed up the reward for information leading to Maduro’s arrest to $50 million, claiming he is ‘one of the largest narco-traffickers in the world.’

Meanwhile, the U.S. military has ramped up its attacks against alleged drug boats in Latin America — totaling at least 14 strikes since the beginning of September. Additionally, Trump has instructed the U.S. Navy’s newest aircraft carrier, the USS Gerald R. Ford, to head to the region.

Brent Sadler, a senior fellow for naval warfare and advanced technology at The Heritage Foundation, a conservative think tank in Washington, said that the carrier’s presence means Trump has additional resources to conduct more strikes against cartels. Meanwhile, Trump has routinely said for weeks he may move ahead with land operations against Venezuela next, in addition to his sea strikes.

‘The Ford’s arrival in SOUTHCOM area is not unprecedented but given the ongoing attacks on Cartel boats significant. I see this move as intended to deter Venezuela from escalating the crisis and providing the President extra options should he want to increase the attacks on the Cartels,’ Sadler said in an email to Fox News Digital Monday. ‘That said, I would anticipate the Ford’s air wing being very active in air surveillance and defense.’

After news broke that the Ford would head to the region, Maduro accused Trump of ‘fabricating a new eternal war.’

‘They promised they would never again get involved in a war, and they are fabricating a war,’ Maduro said in a national broadcast on Friday.

Even so, not all lawmakers are on board with Trump’s strikes in Latin America. Sens. Adam Schiff, D-Calif., Tim Kaine, D-Va., and Rand Paul, R-Ky., introduced a war powers resolution in October to bar U.S. armed forces from engaging in ‘hostilities’ against Venezuela.

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

Fox News Digital reached out to the Department of War and has not yet received a response. 

This is a breaking news story and will be updated. 


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When President Donald Trump met with Chinese President Xi Jinping on Thursday, the two leaders talked about trade and drug trafficking — but avoided the one issue that could most likely draw their nations into war: Taiwan.

Both sides have reasons to keep tensions low. Trump’s administration is seeking Chinese cooperation on border enforcement and drug trafficking, while Xi faces growing economic pressures at home. Yet even as diplomacy aims for calm, U.S. defense planners have long prepared for potential conflict in the Indo-Pacific.

Tensions have only deepened in recent years. Washington has approved high-profile arms sales to Taiwan, U.S. lawmakers such as then–House Speaker Nancy Pelosi have made high-profile visits, and former President Joe Biden repeatedly pledged to defend the island — only for aides to later clarify that the United States still adheres to its long-standing ‘One China’ policy.

Meanwhile, China has dramatically increased military pressure on Taiwan through large-scale drills that simulate a blockade and invasion. The People’s Liberation Army now conducts near-constant air and naval operations encircling the island — exercises that have become larger, more complex, and more frequent. What once served as symbolic shows of force now resemble rehearsals for cutting off Taiwan’s access to the outside world.

The silence from Trump and Xi contrasted sharply with the noise of those military preparations on both sides of the Pacific.

Taiwan watchers have been left guessing about just how much the United States would come to the island’s defense if China invaded — an intentional policy known as strategic ambiguity that Trump has taken to a new level.

The president earlier this month predicted optimistically that China would not invade Taiwan.

‘I think we’ll be just fine with China. China doesn’t want to do that,’ he said. ‘As it pertains to Taiwan — and that doesn’t mean it’s not the apple of his eye, because probably it is — but I don’t see anything happening.’

Compared with other conflict zones, Trump has said little about the prospect of war in the Indo-Pacific, leaving allies and adversaries alike uncertain about how far he would go to defend Taiwan.

Some analysts who favor strong U.S. support for Taiwan were relieved the issue didn’t surface, given concerns Trump might trade the island’s interests for economic concessions — such as looser Chinese mineral export restrictions, larger agricultural purchases or cooperation on curbing the precursor chemicals fueling America’s fentanyl crisis.

‘I think it’s a good thing that Taiwan didn’t come up,’ said Raymond Kuo, a senior political scientist at the RAND Corporation. ‘There’s been a lot of concern in Taiwan, especially recently, that it would be sold out for some kind of U.S.–China grand bargain.’

Matthew Kroenig, vice president of the Atlantic Council’s Scowcroft Center for Strategy and Security, said he viewed the omission as ‘neutral,’ though he would have preferred the president restate the ‘One China’ policy while warning Beijing to ‘knock off its almost daily military coercion and gray-zone activities against Taiwan.’

Kuo noted that Taiwan has sharply increased its defense spending as tensions rise, boosting its budget by roughly 75% in the past two years and now allocating a greater share of government funds to defense than the U.S. does proportionally. Still, he warned that production delays in U.S. weapons deliveries — including a backlog that exceeded $20 billion at the start of this year — could weaken Taiwan’s ability to keep pace with China’s military modernization.

Jennifer Kavanagh, director of military analysis at Defense Priorities, said she wasn’t surprised Taiwan stayed off the formal agenda. ‘There were so many trade issues that were really top of mind for both sides,’ she said. ‘Concerns about a ‘grand bargain’ over Taiwan always seemed far-fetched.’

But Kavanagh cautioned that the United States and China cannot indefinitely avoid the subject. ‘Things have escalated significantly in recent years, and the long-time understandings around the ‘One China’ policy and strategic ambiguity have started to erode,’ she said. ‘It’s important for both sides to reaffirm their commitment to peaceful means of resolving their differences.’

She added that the military balance in the region has shifted ‘rather quickly in China’s favor,’ making U.S. deterrence less credible if tensions continue to climb. ‘The time to pivot to Asia has probably passed,’ Kavanagh said, suggesting Washington must now focus on managing competition rather than reversing it.

Inside Trump’s administration, analysts say those competing instincts are visible. ‘There are really two China policies,’ Kroenig said. ‘The trade folks are looking for deals, while the defense and national-security professionals are focused on the China threat — especially the threat to Taiwan.’ That divide mirrors Washington’s broader struggle to reconcile economic engagement with military deterrence.

Kroenig added that Trump’s unpredictability may itself be part of his deterrent strategy. ‘It keeps our adversaries guessing and worried,’ he said. ‘It may be unlikely that China would attack Taiwan under his watch.’

Still, Trump’s meeting with Xi offered little clarity on where the president ultimately stands on Taiwan — or how he would respond if Beijing tested the limits of U.S. commitment to the island’s security. For now, both leaders appear content to keep the most volatile issue in their relationship unspoken. The quiet may help avert confrontation in the short term — but it leaves one of the world’s most dangerous flashpoints lingering just beneath the surface.


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