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Silverco Mining Ltd. (TSXV: SICO) (‘Silverco’ or the ‘Company’) is pleased to announce several key operational and technical milestones at its 100%-owned Cusi Project in Mexico. The Company has successfully completed the dewatering of the underground workings at Promontorio and has commenced early rehabilitation works as part of its plan to restart production.

Highlights and Upcoming Milestones:

  • Dewatering Complete: Underground workings at the Promontorio area of the Cusi Project have been successfully dewatered, allowing for full access to the initial restart zone.

  • Site Management Hire: A project manager has been hired in-country to manage and oversee the execution of the mine restart. Key discipline managers are actively being recruited to build out the project and operations team.

  • Rehabilitation Underway: Early-stage rehabilitation works have commenced, including ramp scaling, ground support installation, and the identification, repair and replacement of underground infrastructure.

  • Restart Study Advancing: JDS Energy & Mining Inc. (‘JDS’) has been engaged to produce a Restart Study, which is currently progressing well and utilizes the updated Mineral Resource Estimate (‘MRE’).

  • Metallurgical Optimization Test work: Forte Analytical (‘Forte’) has been engaged to complete metallurgical optimization test work which is nearing completion, results of which are expected shortly.

  • Exploration Momentum: Remainder of the 2025 drill program results are expected in early Q1 2026; recently flown LiDAR survey data is currently being integrated to refine high-priority targets for the 2026 exploration program.

Mark Ayranto, CEO of Silverco commented:

‘Completing the dewatering of Promontorio is a critical operational milestone that paves the way for our return to production at Cusi. With JDS Mining now advancing the Restart Study and our crews on the ground beginning essential rehabilitation, we are rapidly transitioning from exploration and maintenance into an active development phase. Promontorio will serve as our initial mine restart area, given its significant existing development infrastructure, and we look forward to delivering the restart study, remaining 2025 drill results, and more early in the new year.

With silver spot prices hitting all-time highs, Silverco is positioned to take imminent benefit of the current metal price regime. The Cusi Project benefits from being a permitted operation with significant existing infrastructure-including a 1,200 tpd mill and the now-dewatered underground workings at Promontorio.

This advantage allows us to move quickly with urgency to transition Cusi back into production to capture this value, de-risking the project at an opportune time when the market is demanding high-quality silver projects. Silverco offers a rare combination offering one of the highest levered silver mines in the world with +85% of the economic value coming from silver, existing infrastructure, and a clear path to production in one of the strongest silver markets we have seen in decades.’

Operational Update

Following the successful dewatering of the Promontorio area, Silverco has mobilized crews to begin essential rehabilitation of the underground workings. This work is a critical step in de-risking the project and preparing for a return to production. Current work streams include:

  • Rehabilitating Primary Access: Systematic scaling and ground support remediation and installation are progressing ahead of schedule to provide safe access to the initial restart zones.

  • Restoring Essential Services: Crews are currently repairing and upgrading underground electrical, ventilation, and water infrastructure to meet the requirements of an active production environment.

  • Underground Drilling Readiness: Ventilation and utility services are being extended into priority exploration areas, while technical teams finalize target designs for the 2026 underground drill program.

Restart Study & Engineering

Silverco has engaged JDS to lead the Cusi Restart Study. JDS is a premier mining consultancy with a proven track record of transitioning projects from study phases into successful production. The study is leveraging the updated Mineral Resource Estimate (MRE) and will define the economic and operational parameters required for a resumption of mining. The Company remains on track to deliver the results of the Restart Study in late Q1 2026.

Metallurgical Optimization

Forte is currently conducting metallurgical optimization test work on mineralized composites from the Promontorio and San Miguel zones. This program is specifically designed to support the restart plan, focusing on:

  • Maximizing metal recoveries.
  • Defining metallurgical properties of the San Miguel zone.
  • Optimizing grind size and reagent configurations.
  • Defining concentrate specifications for potential off-take agreements.

Updated Mineral Resource Estimate

The technical foundation for the restart is the recently updated MRE (published December 9, 2025), which confirmed Cusi as a robust, high-grade, silver-primary project. The Company is in the final stages of preparing the NI 43-101 Technical Report supporting this MRE and expects to file it on SEDAR+ this month.

Table 1: Cusi Project Underground Mineral Resource Estimate, October 20, 2025

Resource Class Mass Average Grade Material Content
Ag Au Pb Zn AgEq Ag Au Pb Zn AgEq
Mt g/t g/t % % g/t koz koz Mlb Mlb koz
Measured 0.69 277 0.08 0.37 0.42 305 6,114 1.8 5.6 6.3 6,725
Indicated 4.21 195 0.16 0.78 0.93 255 26,330 22.2 72.7 86.5 34,433
M + I 4.89 206 0.15 0.73 0.86 262 32,443 24 78.3 92.8 41,157
Inferred 4.07 172 0.17 0.89 1.2 243 22,479 22.2 79.5 107.5 31,753

 

Details of the mineral resource estimate are included in the December 9, 2025 news release.

Corporate Milestone: Tier 1 Issuer Application

Silverco intends to apply for graduation to a Tier 1 Issuer on the TSX Venture Exchange. This transition reflects the Company’s increased scale and the quality of its asset base.

Exploration and 2026 Season

Silverco continues to evaluate results from its successful 2025 exploration program. To date, the Company has released assays for 26 holes, with results from an additional 20 holes expected to be received and published in early Q1 2026. The remainder of the program tested for extensions along strike at San Miguel, and for confirmation of downthrown mineralization at San Juan.

The Company is currently finalizing its 2026 exploration program and expects to resume field activities by mid-Q1. To optimize target generation, Silverco recently completed a property-wide LiDAR survey. This high-resolution data is being integrated with 2025 drilling results, surface mapping, and updated MRE interpretations. This integrated, data-driven approach will refine targets across the project area and guide resource expansion in the coming year.

Technical Disclosure

The scientific and technical information contained in this news release has been reviewed and approved by Nico Harvey, P.Eng., Vice President Project Development of Silverco, a Qualified Person as defined in National Instrument 43-101. Mr. Harvey is not independent of the Company. Mr. Harvey has reviewed the sampling, analytical and QA/QC data underlying the technical information disclosed herein.

No production decision has been made at Cusi. Any decision to restart operations will follow completion of the requisite technical, financial and permitting milestones.

About Silverco Mining Ltd.

The Company owns a 100% interest in the 11,665-hectare Cusi Project located in Chihuahua State, Mexico (the ‘Cusi Property’). It lies within the prolific Sierra Madre Occidental gold-silver belt. There is an existing 1,200 ton per day mill with tailings capacity at the Cusi Property.

The Cusi Property is a past-producing underground silver-lead-zinc-gold project approximately 135 kilometres west of Chihuahua City. The Cusi Property boasts excellent infrastructure, including paved highway access and connection to the national power grid.

The Cusi Property hosts multiple historical Ag-Au-Pb-Zn producing mines each developed along multiple vein structures. The Cusi Property hosts several significant exploration targets, including the extension of a newly identified downthrown mineralized geological block and additional potential through claim consolidation.

On Behalf of the Board of Directors

‘Mark Ayranto’

Mark Ayranto, President & CEO
Email: mayranto@silvercomining.com

For further information, please contact:

Investor relations & Communications
Email: info@silvercomining.com
www.silvercomining.com

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

Cautionary Statement and Forward-Looking Information

This news release contains ‘forward-looking statements’ and ‘forward-looking information’ (together, ‘forward-looking statements’) within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or the Company’s future performance and are generally identified by words such as ‘anticipate’, ‘believe’, ‘continue’, ‘could’, ‘estimate’, ‘expect’, ‘forecast’, ‘goal’, ‘intend’, ‘may’, ‘objective’, ‘outlook’, ‘plan’, ‘potential’, ‘priority’, ‘schedule’, ‘seek’, ‘should’, ‘target’, ‘will’, and similar expressions (including negative and grammatical variations).

These forward-looking statements are based on a number of assumptions that, while considered reasonable by the Company as of the date of this release, are inherently subject to significant business, technical, economic and competitive uncertainties and contingencies. Key assumptions include: timely receipt of permits and approvals necessary for planned work; access to surface rights and community support; no material adverse changes to general business, economic, market and political conditions; commodity price and foreign exchange assumptions; inflation and input costs remaining within expectations; and the Company’s ability to secure additional financing on acceptable terms when required.

Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from those expressed or implied. Such factors include, without limitation: exploration, development and operating risks (including drilling, sampling, assaying, interpretation and modeling uncertainties; variability of mineralization; representativity of samples; true-width estimation; metallurgical variability; water management; geotechnical and ground conditions); risks inherent in estimating or converting mineral resources; the absence of current mineral reserves at the Cusi Property; that AgEq is a reporting metric only and does not imply economic recoverability; permitting, licensing and regulatory risks in Mexico (including changes in mining, environmental, labour, water, land access and related regimes); community relations, social licence and stakeholder engagement risks; title, surface rights, access and environmental liability risks; health, safety and security risks; commodity price and FX volatility (silver, gold, lead, zinc; MXN/CAD/USD); cost inflation, supply-chain disruptions and contractor availability; political and macroeconomic instability; financing and liquidity risks (including the availability and terms of debt and/or equity); TSX Venture Exchange and other regulatory approvals; counterparty risks; limitations and uncertainties relating to historical data and third-party reports (including the risk that historical results cannot be verified to NI 43-101 standards); force majeure events; litigation and enforcement risks; and those additional risks set out in the Company’s public disclosure filings available on SEDAR+ at www.sedarplus.ca.

Readers are cautioned not to place undue reliance on forward-looking statements. The purpose of forward-looking statements is to provide readers with information about management’s current expectations and plans and may not be appropriate for other purposes. No assurance can be given that such statements will prove to be accurate; actual results and future events could differ materially. The Company undertakes no obligation to update or revise any forward-looking statements contained herein, except as required by applicable securities laws

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/279669

News Provided by Newsfile via QuoteMedia

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When Nicolás Maduro was removed from power by the United States, many in Washington expected the U.S. to rally behind Venezuela’s most prominent opposition leader.

Instead, the Trump administration moved to engage a longtime Maduro loyalist, signaling a transition strategy driven less by democratic symbolism than by concerns over stability on the ground.

The approach sidelined María Corina Machado, the opposition leader who claims the strongest popular mandate and international profile, while elevating Delcy Rodríguez, Maduro’s vice president and a central figure in the outgoing regime.

Administration officials and outside analysts say the shift reflects a calculated effort to avoid a power vacuum and maintain control during a fragile transition, even as it complicates Washington’s longstanding support for Venezuela’s democratic opposition. 

And President Donald Trump is betting Rodríguez now lives in fear of what might happen to her if she defies the U.S. 

Trump, describing his phone call with Rodríguez, said she offered: ‘We’ll do whatever you need.’

‘I think she was quite gracious,’ he said. 

But in a separate interview with The Atlantic he warned: ‘If she doesn’t do what’s right, she is going to pay a very big price, probably bigger than Maduro.’

Following Maduro’s removal, Delcy Rodríguez was sworn in as Venezuela’s interim president after the Supreme Court ruled she should assume power in his absence. 

Under Venezuela’s constitution, the vice president can serve on an interim basis while the country determines whether and when new elections will be held. While the constitution generally calls for elections within 30 days if a president is permanently unable to serve, authorities have so far described Maduro’s removal as temporary, allowing Rodríguez to remain in office as the timeline for a political transition is debated.

A classified CIA intelligence assessment examined who would be best positioned to lead a temporary government in Caracas, Venezuela, and maintain short-term stability, a source familiar with the intelligence told Fox News Digital. The report, requested by senior policymakers and presented to Trump, aimed to offer the president ‘comprehensive and objective analysis’ on possible scenarios after Maduro’s capture.

A source familiar with the assessment told Fox News Digital that the assessment attempted to analyze the domestic situation in Venezuela, but did not describe how Maduro could lose power or advocate for his removal.

Trump senior policymakers requested the assessment — specifically one that addressed who would be best able to stabilize Venezuela ‘immediately’ following a Maduro removal. 

‘There was sentiment among senior officials that Machado lacked the necessary support in Venezuela if Maduro was to be removed,’ the source familiar told Fox News Digital. 

One of the reasons for that, the source told Fox News Digital, was because Machado was not in Venezuela, though she has vowed to return. 

The report found Rodríguez would be best positioned to lead a temporary government in Caracas, Venezuela, and Gonzalez and Machado would struggle to gain support from security services. 

While Machado has been widely embraced by Western governments and democracy advocates, U.S. officials and analysts say that support has not translated into leverage over Venezuela’s military or security services.

Trump’s skepticism also has been shaped by frustration from his first term, when international backing and opposition momentum failed to produce a transfer of power.

‘Machado has an inherent problem from the get-go,’ said Pedro Garmendia, a Venezuela expert and Washington-based geopolitical risk analyst. ‘She doesn’t control troops or hold any sort of power in Venezuela.’

At the same time, ‘Rodríguez is an ideologue,’ he said. ‘In the long term, the Trump administration might find itself having trouble reining her in.’

Trump has been more blunt in explaining why the administration has not rallied behind Machado. Speaking after the operation that removed Maduro from power, Trump questioned whether she could lead Venezuela in a transition, saying she lacked sufficient support inside the country. 

‘I think it would be very tough for her to be the leader,’ Trump said. ‘She doesn’t have the support within or the respect within the country.’

A Washington Post report had claimed that Trump was upset Machado accepted this year’s Nobel Peace Prize — an award he coveted and that she dedicated to him. But the White House insisted Trump’s actions were the result of internal briefings.

‘President Trump is routinely briefed on domestic political dynamics all over the world. The President and his national security team are making realistic decisions to finally ensure Venezuela aligns with the interests of the United States, and becomes a better country for the Venezuelan people,’ said White House press secretary Karoline Leavitt. 

Rubio has sought to frame the decision as mission-driven rather than personal, pointing to past U.S. interventions as cautionary examples. 

‘I have tremendous admiration for María Corina Machado. I have admiration for Edmundo,’ Rubio said Sunday on CBS’ ‘Face the Nation.’ ‘But there’s the mission that we are on right now. … A lot of people analyze everything that happens in foreign policy through the lens of Iraq, Libya, or Afghanistan. This is not the Middle East. This is the Western Hemisphere, and our mission here is very different.’

The administration’s caution also is shaped by a long history of U.S. intervention in Latin America, where American-backed coups and political engineering have left deep skepticism toward Washington’s motives. Installing an opposition leader immediately after a U.S. military operation, analysts warn, could revive those suspicions and undermine any transition before it begins.

‘If they were to bring María Machado and presumably Edmundo González back to the country and install them as president, it would look a lot like the United States installing a new president,’ said Eric O’Neill, a former FBI counterintelligence operative. ‘That would actually cause civil unrest.’

‘Venezuelans are proud people, and they need to elect their next president,’ O’Neill added.

But Garmendia said Rodríguez is ‘just as illegitimate as Maduro was — and probably even less popular.’ 

He said Rodríguez lacks the charisma and mass appeal that traditionally have sustained Venezuela’s ruling movement, and that her authority rests largely on internal bargaining and elite control rather than public support.

In the interim, locals have reports of armed gangs patrolling the streets. Venezuelan authorities have detained at least 14 journalists since Maduro’s capture, according to the union representing Venezuelan reporters. 

‘There’s going to be a lot of instability in the next couple of weeks,’ Garmendia said.


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President Donald Trump has adopted an interventionist posture to justify toppling dictator Nicolás Maduro’s regime in Venezuela and has signaled he’ll take the same approach with other Latin American countries next as his administration seeks to assert dominance in the Western Hemisphere.

Interventionism is a foreign policy approach by which one country intervenes in another state’s affairs. The U.S. has engaged in several interventions abroad, including launching an invasion of Iraq in 2003 that led to the toppling of Iraqi dictator Saddam Hussein’s regime. 

While Trump has blasted previous administrations for actions in the Middle East and vowed he would bring an end to ‘endless wars’ while ushering in an ‘America First’ agenda prioritizing U.S. interests, Trump signed off on conducting a ‘large scale strike’ against Venezuela and capturing Maduro Saturday, prompting concern, primarily from Democrats, about starting another lengthy conflict. 

The strikes in Venezuela come on the heels of several other major military operations from the Trump administration, including strikes in Nigeria on Christmas Day against Islamic State militants in response to attacks against Christians in the region, strikes in Syria in December against Islamic State operatives after an ambush against U.S. troops there, and strikes in June against the Iranian nuclear sites of Fordow, Natanz and Isfahan. 

But unlike the strikes in the Middle East, the operations in Venezuela require additional U.S. involvement. Trump said Sunday that the U.S. will run Caracas, Venezuela, until a safe transition can occur, thrusting the U.S. into the most significant military intervention of Trump’s presidencies as he wages a campaign to ‘reassert American dominance in the Western Hemisphere.’

‘Trump has never been an advocate of regime change, but that is what he has on his hands now. Unlike the Fordow strikes, where Trump acted and then said, ‘The fight is over,’ he will not have that luxury here in Venezuela,’ retired Rear Adm. Mark Montgomery, now a senior fellow with the Foundation for the Defense of Democracies, said in a statement Saturday. 

Most Republicans have backed Trump’s actions in Venezuela, although some from the more anti-interventionist camp of the GOP have voiced skepticism, including outgoing Rep. Marjorie Taylor Greene, R-Ga., who said in a social media post Saturday, ‘This is what many in MAGA thought they voted to end.’

Meanwhile, Democrats have issued caution that the U.S. may be entangling itself in another complicated conflict. For example, Senate Minority Leader Chuck Schumer, D-N.Y., claimed that the U.S. is on the path to another ‘endless war.’

‘The American people are worried that this is creating an endless war,’ Schumer said in an interview with ABC News Sunday. ‘The very thing that Donald Trump campaigned against over and over and over again was no more endless wars. And, right now, we’re headed right into one with no barriers, with no discussion.’

Trump announced Saturday that U.S. special forces conducted a strike against Caracas, Venezuela, and seized Maduro and his wife, Cilia Flores. The two were taken to New York and appeared in a Manhattan federal court on Monday on drug charges. Both pleaded not guilty. 

In addition to running Venezuela, Trump said the U.S. was ‘ready to stage a second and much larger attack’ if needed in Caracas. Likewise, he signaled Sunday that other Latin American countries could also face regime change, singling out Cuba and issuing a word of caution to Colombia’s president, Gustavo Petro.

‘Cuba only survives because of Venezuela,’ Trump said.

‘Colombia is very sick too — run by a sick man who likes making cocaine and sending it to the United States, and he’s not going to be doing it very long,’ Trump said. 

Trump’s words and actions come as he’s revived the Monroe Doctrine, rebranded as the ‘Don-roe Doctrine,’ that originally sought to limit European influence in Latin America and to protect U.S. influence in the region.

The Monroe Doctrine, first introduced in 1823 by President James Monroe, specifically cautioned European nations against further colonization in Central and South America. Later, it was used to justify U.S. actions in the region as an ‘international police power’ under former President Theodore Roosevelt, according to the National Archives.

‘The Monroe Doctrine is a big deal. But we’ve superseded it by a lot, by a lot,’ Trump said Saturday. ‘They now call it the ‘Don-roe Doctrine.’ … We sort of forgot about it. It was very important, but we forgot about it. We don’t forget about it anymore. Under our new national security strategy, American dominance in the Western Hemisphere will never be questioned again.’

Katherine Thompson, a senior fellow in defense and foreign policy studies at the libertarian think tank the Cato Institute, told Fox News Digital Tuesday it’s too early to tell if Trump’s future approach to the Western Hemisphere will include more interventionist activity.

However, she said the ‘expansive’ definition of what America’s core interests are ‘opens the administration up to risk of strategic drift away from the ‘America First’ framework, diminishes the principle of prioritization and allows greater tolerance for an interventionist approach.’ 

So far, Trump has claimed his actions in Venezuela are complementary to his ‘America First’ priorities because he wants the U.S. to have ‘good neighbors.’ 

Retired Vice Adm. Robert Harward, a Jewish Institute for National Security of America (JINSA) 2022 General and Admirals Program participant and a member of JINSA’s Iran Policy Project, said Trump’s actions in Venezuela are on the same page as the president’s ‘America First’ agenda.

That means holding other nations who mistreat their people accountable for their own benefit and for the benefit of the American people, he said. 

‘They’re clearly aligned. This is exactly what he’s talked about. … This is an accountability for them,’ Harward said.

For those concerned about the U.S. military’s actions in Venezuela, Vice President JD Vance has attempted to soothe their fears. Vance leans toward the non-interventionist wing of the Trump administration and historically has backed a foreign policy doctrine that supports minimal interference with other nations’ affairs.

‘I understand the anxiety over the use of military force, but are we just supposed to allow a communist to steal our stuff in our hemisphere and do nothing?’ Vance said in a social media post Sunday. ‘Great powers don’t act like that.’ 

Secretary of State Marco Rubio claimed the U.S. did not require approval from Congress to conduct the strike since it wasn’t an ‘invasion’ and claimed actions in Caracas, Venezuela, were part of a ‘law enforcement function to capture a drug trafficker.’ 

The Trump administration repeatedly stated that it did not recognize Maduro as a legitimate head of state and insisted he was the leader of a drug cartel. 

But lawmakers, especially Democrats, have called into question the legality of the operation in Venezuela, which was conducted without Congress’ approval. 

‘This has been a profound constitutional failure,’ the top Democrat on the Senate Armed Services Committee, Sen. Jack Reed, D-R.I., said in a statement Saturday. ‘Congress — not the President — has the sole power to authorize war. Pursuing regime change without the consent of the American people is a reckless overreach and an abuse of power.

‘The question now is not whether Maduro deserved removal — it is what precedent the United States has just set, and what comes next.’ 


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In the aftermath of Nicolás Maduro’s capture by United States forces, paramilitary groups tied to the Venezuelan leader’s regime have initiated an aggressive campaign to maintain control over the country.

Mobs of motorcycle-riding civilians often armed with assault rifles, known as colectivos, have been conducting intrusive searches and establishing checkpoints to identify and punish anyone showing support for Maduro’s removal from power, Reuters reported.

The National Union of Press Workers of Venezuela reported that armed forces briefly detained fourteen journalists during Monday’s induction of Vice President Delcy Rodríguez as the country’s interim leader. Residents have also reported that some Venezuelans have been afraid to leave their homes, fearing that armed forces would seize and scour their phones for signs of dissent, The Telegraph said.

‘The future is uncertain, the Colectivos have weapons, the Colombian guerrilla is already here in Venezuela, so we don’t know what’s going to happen, time will tell,’ Oswaldo, a 69-year-old Venezuelan shop owner, told The Telegraph.

The colectivos are largely controlled by Nicolás Maduro’s close ally, Diosdado Cabello, who has a $25 million bounty from the U.S. State Department largely for his role in corruption and drug trafficking.

Cabello, who serves as the state’s Minister of Interior, Justice and Peace, is widely known for suppressing political dissent in Venezuela. The presence of colectivos, who often serve as an unofficial arm of state repression, suggests that Maduro loyalists are desperately trying to maintain their grip on the country.

The reported crackdown began with a government directive to root out dissent against the Venezuelan regime. According to Reuters, a state of emergency decree published on Monday ordered police to ‘immediately begin the national search and capture of everyone involved in the promotion or support of the armed attack by the United States.’

As someone who conducts state-run domestic espionage through widespread coordination of surveillance and counterintelligence agencies, Cabello remains a major unpredictable and dangerous figure in the wake of Maduro’s capture, Reuters reported.

‘The focus is now on Diosdado Cabello,’ Venezuelan military strategist Jose Garcia told the outlet. ‘Because he is the most ideological, violent and unpredictable element of the Venezuelan regime.’

Reuters reported that the former military officer was also recently spotted patrolling Venezuelan streets with security forces.

In a social media post by the Venezuelan government, footage reportedly showed Cabello posing with a crowd of armed militia as they shouted, ‘Always loyal, never traitors.’

Reuters added that in recent weeks, Cabello was also seen on television ordering Venezuela’s military counterintelligence agency to ‘go and get the terrorists’ and warning ‘whoever strays, we will know.’

He reportedly repeated the same rhetoric in a state television appearance Saturday, wearing a flak jacket and helmet and surrounded by heavily armed guards.

Despite the removal of Maduro, the loyalist crackdown on dissent and the media suggests that the ruling party has no intention of relinquishing its grip on power.

Reuters contributed to this report.


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Pro-life activists and groups are taking issue with President Donald Trump’s remarks to Republican lawmakers to be ‘flexible’ on a law that bans the use of federal funds for most abortions as health care talks continue in Congress. 

‘Any healthcare plan that prioritizes a ‘deal’ over saving lives — in and out of the womb — deserves to die, not children,’ Students for Life Action President Kristan Hawkins said in a statement Tuesday following Trump’s address. ‘Republicans need to fix what the Democrats profoundly broke. Former President Barack Obama destroyed the American healthcare system with Obamacare, driving up costs and pushing life-ending policies with taxpayer funds. The GOP must work not for any deal, but for the right deal.’ 

Trump joined Republican House lawmakers Tuesday morning at the newly renamed Trump–Kennedy Center during their annual policy retreat to discuss the party’s agenda for the coming year — a high-stakes election cycle with the midterms just over a year away. Lawmakers are working to revive Obamacare enhanced subsidies after they expired in 2025, with some Republicans new restrictions on federal funds as they relate to abortion services under Obamacare plans. 

Trump said Tuesday lawmakers should be ‘flexible’ on the Hyde Amendment — a long-standing appropriations rider enacted in 1976 — that bars most federal funding for abortion, including through Medicaid, with limited exceptions.

‘You have to be a little flexible on Hyde, you know that,’ Trump said. ‘You gotta be a little flexible. You gotta work something … we’re all big fans of everything. But you have to have flexibility.’ 

The comment set off criticism among conservatives and pro-lifers on social media, with many remarking they can’t be ‘flexible’ when it comes to the life a child. 

‘No President Trump, we will NEVER compromise on the Hyde Amendment. NO taxpayer funding of abortions. Period,’ pro-life outlet Life News posted to X. 

‘For decades, opposition to taxpayer funding of abortion and support for the Hyde Amendment has been an unshakeable bedrock principle and a minimum standard in the Republican Party. To suggest Republicans should be ‘flexible’ is an abandonment of this decades-long commitment. If Republicans abandon Hyde, they are sure to lose this November,’ SBA Pro-Life America President Marjorie Dannenfelser said in a statement. 

”You have to be a little flexible on Hyde’ when passing healthcare legislation, President Donald Trump just told the House Republican retreat. The Hyde Amendment prevents your taxpayer money from funding elective abortions not carried out due to rape or incest. Hard pass,’ Eastern Orthodox priest Ben Johnson posted to X. 

Sen. James Lankford (R-OK) told Politico after Trump’s address that: ‘I’m not flexible on the value of every child’s life. Children are valuable, and so I’d have to get up to the context of what he meant by that.’ 

‘I almost fell out of my chair,’ another lawmaker told the outlet under the condition of anonymity. 

Fox News Digital reached out to the White House Tuesday for additional details on Trump’s comment and response to conservatives’ concerns, but did not immediately receive a reply. 

Just nearly a year ago, Trump doubled down on his support for the Hyde Amendment when he signed an executive order four days after he was sworn back into office titled, ‘ENFORCING THE HYDE AMENDMENT.’

The executive order directed federal agencies to implement restrictions on the use of federal funds for abortion, while reinforcing the long-standing Hyde Amendment and rescinding previous Biden-era orders that expanded abortion access. 

‘It is the policy of the United States, consistent with the Hyde Amendment, to end the forced use of Federal taxpayer dollars to fund or promote elective abortion,’ the executive order stated. 

Democrats campaigned against Trump in 2024 on claims he would wipe out abortion access and impose a national abortion ban, which the campaign brushed off as unrealistic. While some conservatives have previously taken issue with Trump for not being more vocal in his support of pro-life policies, including in 2024 when the GOP platform only mentioned abortion once, instead focusing on the preservation of life and returning power to the states when developing laws surrounding abortion.


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Seegnal Inc. (TSXV: SEGN), a global leader in clinical decision support solutions applying patient-centric medication safety standards, today announced a major enhancement of its artificial intelligence capabilities with the appointment of Yura Zharkovsky as Vice President of Artificial Intelligence (VP AI) at Seegnal eHealth Ltd., the Company’s operating subsidiary in Israel.

The appointment, effective January 4, 2026, represents a strategic milestone in Seegnal’s mission to build the Intelligence Layer of Prescriptions and to accelerate the development of Seegnal Guard, the Company’s next-generation, AI-enhanced, human-led prescription intelligence system.

As Seegnal advances toward becoming a global Prescription Intelligence Platform – providing healthcare systems with an infrastructure layer for safer, more consistent, and economically aligned prescribing – Mr. Zharkovsky will lead the technical evolution of the Company’s AI stack. His mandate includes expanding Seegnal Guard’s predictive and personalization capabilities while preserving Seegnal’s core principle: AI that augments, rather than replaces, clinical judgment.

Mr. Zharkovsky brings deep experience in building and scaling applied AI in healthcare. Most recently, he served as Head of AI at NeuroKaire, where he led the development of an AI-supported clinical system designed to assist in selecting appropriate treatments for patients with major depressive disorder. Prior to that, he held senior data science and machine learning leadership roles, focusing on translating complex clinical and biomedical data into deployable, high-reliability AI systems used in real-world care environments.

Known for his rigorous engineering standards, strong ethical compass, and collaborative leadership style, Mr. Zharkovsky shares Seegnal’s values of transparency, clinical accountability, and measurable impact. His work consistently emphasizes explainability, clinician trust, and real-world adoption—qualities that are foundational to Seegnal Guard’s design and market differentiation.

‘I am thrilled to welcome Yura Zharkovsky to the leadership team,’ said Elad Bibi-Aviv, CEO of Seegnal. ‘Having worked with Yura for the last two years, I have seen firsthand his ability to build healthcare technology at the intersection of clinical practice and data execution. He is the ideal leader to help us turn prescribing into a measurable, AI lead, governable capability across the enterprise.’

Mr. Zharkovsky added: ‘Joining Seegnal is a natural progression of the work Elad and I have been focused on. Seegnal is unique because it isn’t just a concept; it is a platform built on vast real-world prescribing data and the actual behaviors of clinicians in workflow. I look forward to scaling Seegnal Guard and the broader Intelligence Layer to ensure that every prescription decision is safer, more consistent and more aligned with both patient outcomes and system-wide value.’

About Seegnal

Seegnal (TSXV:SEGN) aims to solve one of the top causes of death and injuries in the modern world – Adverse Drug Effects (ADEs). Seegnal’s Clinical Decision Support system introduces a paradigm shift in the approach to this problem by implementing a new elevated Patient-Centric Standard. Seegnal’s SaaS technology exclusively integrates, at the point-of-care, unique patient-specific data such as genetics, lab results, ECG, smoking status, allergies, food interactions, gender, age, and the effects of many concomitant medications, while reducing the current alert load for clinicians by over 90%. In practice, clinicians using Seegnal eHealth complete their prescription workflow with limited interruption, saving time and fatigue. Patients enjoy more tailored medication and improved safety, leading to better quality of life, with precision alerts reaching up to 98% accuracy. Institutions have reported reductions in admissions, medication consumption, and significant time savings in prescription renewals. Seegnal eHealth is marketing its SaaS-based platform in Israel (where the Ministry of Health recently adopted Seegnal’s patient-specific standard as the new standard in governmental hospitals), the United Arab Emirates, the United Kingdom, the United States, and Poland. The platform is currently a ‘standard of care’ system for over 10,000 clinicians in Israel, used daily for prescribing medications.

Cautionary Note Regarding Forward-Looking Information

This press release contains ‘forward-looking information’ or ‘forward-looking statements’ within the meaning of Canadian securities legislation. All statements included herein, other than statements of historical fact, including statements included in the ‘About Seegnal’ section of this press release, are forward-looking. Generally, the forward-looking information and forward-looking statements can be identified by the use of forward-looking terminology such as ‘anticipate’, ‘believes’, ‘estimates’, ‘expects’, ‘intends’, ‘may’, ‘should’, ‘will’ or variations of such words or similar expressions. More particularly, and without limitation, this press release contains forward-looking information or forward-looking statements concerning Seegnal’s anticipated software and AI development strategy. These statements are based on current assumptions and are subject to risks and uncertainties that could cause actual results to differ materially. Please refer to Seegnal’s public filings with applicable securities regulators for additional information regarding risk factors and other disclosures.

Seegnal cautions that all forward-looking information and forward-looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors, assumptions and expectations, many of which are beyond the control of Seegnal, including expectations and assumptions concerning Seegnal and its products as well as other risks and uncertainties, including those described in Seegnal’s filings available on SEDAR+ at www.sedarplus.ca. The reader is cautioned that assumptions used in the preparation of any forward-looking information or forward-looking statements 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 Seegnal. The reader is cautioned not to place undue reliance on any forward-looking information or forward-looking statements. 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 information and forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and Seegnal does not undertake any obligation to update publicly or to revise any of the included forward-looking information or forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by law.

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

The securities have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirement. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Source

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Heliostar Metals Ltd (TSXV: HSTR,OTC:HSTXF): Stonegate Capital Partners updates their coverage on Heliostar Metals Ltd (TSXV: HSTR,OTC:HSTXF). Flagship Project: Heliostar continued to advance its flagship Ana Paula project in Guerrero as a high-grade underground development asset, now highlighted by a positive PEA released in early 4Q25. The study outlines total recovered production of ~875,000 ounces over a nine-year mine life, with mill feed averaging 5.37 gt gold and a 1,800 tpd underground operation producing roughly 101 koz per year at cash costs of ~US$923oz and AISC of ~US$1,011oz. At US$2,400oz gold, the PEA delivers a post-tax NPV5 of US$426M, a 28% IRR, and a 2.9-year payback, with strong leverage to higher gold prices. Management is progressing engineering, metallurgical work, and a 15,000m drill program to upgrade Inferred resources, extend the High-Grade and Parallel panels, and support a Feasibility Study targeted for mid-2026, with first underground production still expected in 2028.

To view the full announcement, including downloadable images, bios, and more, click here.

Key Takeaways:

  • Mining operations restarted at San Agustin, adding 45,000 ounces
  • Oxide targets drilling program underway with 37 holes completed and submitted foranalysis

Cannot view this image? Visit: https://images.newsfilecorp.com/files/7294/279662_figure1.png

Click image above to view full announcement.

About Stonegate
Stonegate Capital Partners is a leading capital markets advisory firm providing investor relations, equity research, and institutional investor outreach services for public companies. Our affiliate, Stonegate Capital Markets (member FINRA) provides a full spectrum of investment banking services for public and private companies.

Contacts:

Stonegate Capital Partners
(214) 987-4121
info@stonegateinc.com

Source: Stonegate, Inc.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/279662

News Provided by Newsfile via QuoteMedia

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Investor Insight

Equity Metals offers investors exposure to high-grade silver and gold discoveries in British Columbia through a dual-track strategy of expanding its flagship Silver Queen resource and advancing the newly acquired Arlington district.

Overview

Equity Metals (TSXV:EQTY,OTCQB:EQMEF,FSE:EGSD) is fast-tracking exploration at its 100 percent owned Silver Queen project in British Columbia, targeting resource expansion and derisking of one of the province’s most prospective high-grade polymetallic deposits. Located within the prolific Skeena Arch near the historic Equity Silver and Huckleberry mines, Silver Queen boasts an NI 43-101 compliant resource of 62.8 million ounces (Moz) silver equivalent (indicated) and 22.5 Moz silver equivalent (inferred), with 2024 drilling extending known zones and identifying new mineralized areas.

Complementing this is the Arlington gold-copper-silver project, a newly acquired district-scale, never-before drill-tested project located in southern BC’s Greenwood Mining Division.

Map highlighting Equity Metals

Parameters for the NI 43-101 Compliant Mineral Resource Estimate are in the Appendix and in the EQTY News Release, dated Dec 1, 2022

Together, Silver Queen and Arlington offer a balanced exposure to high-grade polymetallic and gold-rich systems. The former provides near-term resource expansion and development optionality, while the latter opens up district-scale discovery potential.

In addition, Equity Metals holds interests in the Monument and WO diamond properties in the Lac de Gras region (Northwest Territories), proximal to the Diavik and Ekati mines, and the La Ronge silica project in Saskatchewan. These projects offer upside optionality for strategic partnerships or asset sales.

Company Highlights

  • Flagship High-grade Project – Silver Queen: Over 85 million silver-equivalent ounces defined in the heart of BC’s Skeena Arch mineral belt, surrounded by Tier 1 infrastructure and historical producers.
  • New Gold Discovery Potential – Arlington project: A district-scale, early-stage gold-copper-silver system with analogues to major past-producing skarn and vein-hosted mines in the region.
  • Fully Funded for 2025: 9,000 meters of combined drilling is underway across both Silver Queen and Arlington with assay results expected to drive news flow through Q3 and Q4 2025.
  • Experienced Management and Technical Team: Track record of discovery and mine development across North America, including the Penasquito and Eskay Creek mines and the Wind Mountain project.
  • Exposure to Critical and Precious Metals: Balanced portfolio spanning silver, gold, copper and diamonds with optionality in battery materials (silica) and critical minerals.
  • Mineral Resource Update: The Company anticipates issuing a resource update during early Q1/26.

Key Projects

Silver Queen Project

Map of Equity Metals

The Silver Queen project is Equity Metals’ 100 percent owned flagship asset located in central British Columbia’s prolific Skeena Arch, approximately 35 km south of Houston. This 18,871-hectare property consists of 17 crown-granted titles and 46 tenure claims in the Omineca Mining Division. Surrounded by past-producing and active mines, including the Equity silver mine, Berg, Endako and Mt. Milligan, the project benefits from established infrastructure such as roads, power and rail access.

Silver Queen hosts a high-grade polymetallic system featuring silver, gold, copper, lead and zinc mineralization. The project is underpinned by a robust NI 43-101 compliant resource estimate (as of December 2022) consisting of 62.8 million ounces (Moz) silver-equivalent (AgEq) in the indicated category grading 565 grams per ton (g/t) AgEq, and 22.5 Moz AgEq in the inferred category grading 365 g/t AgEq. This includes 3.46 million tons (Mt) of indicated resources averaging 189 g/t silver, 2.13 g/t gold, 0.24 percent copper, 0.6 percent lead, and 3.5 percent zinc, and 1.92 Mt of inferred resources grading 167 g/t silver, 0.82 g/t gold, 0.23 percent copper, 0.5 percent lead, and 2 percent zinc.

The mineralization occurs in multiple steeply dipping epithermal vein systems, subdivided into the No. 3, NG-3, Camp and Sveinson veins. Each exhibits distinct metal zonation – the Camp veins are silver-dominant, while the Sveinson, No. 3 and NG-3 show a stronger gold bias. Bonanza grades have been intercepted at multiple locations, including down-hole drill core intervals assaying up to 56,115 g/t silver over 0.3 metres in recent drill results. High sulphide and low sulphide vein environments have both been identified, suggesting a long-lived and multi-phase mineralizing event.

Map of Equity Metals

Since late 2020, Equity has completed 52,877 meters of drilling in 146 holes, targeting extensions and new zones of mineralization. In 2024 alone, four target areas – George Lake, Camp North, No. 3 North and Camp-Sveinson – were tested via 17,209 meters across 42 holes. Drilling resulted in the delineation of a 550-metre strike-length for mineralization in the George Lake target and a 400-metre strike-length for mineralization in the No. 3 North target. New precious and base metal assays from the Summer ’25 drill program continue to extend the projection of mineralization in the No. 3 vein beyond the limits of the 2022 resource estimate.

Metallurgical testing completed in both 1988 and 2022 yielded positive recoveries: 83 percent gold, 95 percent silver, 93 percent copper, 91 percent lead, and 98 percent zinc. A follow-up metallurgical program is planned to support preliminary development studies. With extensive underground development (~9 km of historic workings) and proximity to key infrastructure, the Silver Queen project is well positioned for advancement toward economic studies and ultimately, a potential strategic transaction.

Arlington Project

Map showing Equity Metals

The Arlington project is a 3,584-hectare, early-stage exploration asset located in southern British Columbia’s Greenwood Mining Division, approximately 65 km south of Kelowna. The project sits within the prolific Quesnel Terrane and is accessible year-round via Highway 33 and a network of logging roads. The region hosts several historical producers including the Buckhorn, Phoenix, and Beaverdell mines, which have collectively yielded more than 2 Moz gold, 6 Moz silver and 500 Mlb copper.

Arlington encompasses multiple mineral occurrences and at least four deposit styles across a more than 5 km strike length. Historic and recent surface work has confirmed high-grade mineralization with rock samples returning values up to 11.67 g/t gold, 211 g/t silver, and 3.22 percent copper. The 2025 exploration program, currently underway, includes a 3,000-metre drill campaign primarily targeting the Fresh Pots gold-silver anomaly – a large (2 km x 1 km) intrusion-related gold system delineated by multi-element soil geochemistry and magnetic lows.

Other high-priority targets include:

  • Rona Porphyry Target: A copper-molybdenum-gold system with pyroxenite intrusive-hosted mineralization. Rock chip assays have returned >1 percent molybdenum, 0.6 g/t gold, and 32.4 g/t silver. The area is characterized by a large copper-nickel soil anomaly and widespread argillic alteration in adjacent sedimentary rocks.
  • Arlington Polymetallic Veins: A structurally controlled vein system with documented historic workings. Highlights include Arlington South (11.67 g/t gold, 3.22 percent copper) and Arlington North (1.86 g/t gold, 1.07 percent copper), suggesting vertical metal zonation and potential for stacked vein systems.
  • Skarn and Replacement Targets: Notably at the Bru and Arlington zones, analogous to Buckhorn and Phoenix, where gold-copper magnetite skarns produced over 1 Moz historically.
  • In early 2025, Equity Metals completed a property-wide airborne magnetic/radiometric survey and LiDAR mapping campaign to refine targeting. Soil and till geochemistry, IP surveying and mapping continue across the license area to delineate follow-up drill targets for 2026.

Management Team

Lawrence Page – Chairman and Director

A seasoned mining executive with over four decades of experience, Lawrence Page has helped finance and develop several major discoveries including Penasquito (Mexico), Eskay Creek and Hemlo. He brings strategic oversight and a deep network within the exploration and capital markets community.

Joseph A. Kizis Jr. – President and Director

With over 40 years of mineral exploration experience, Joseph Kizis has been instrumental in advancing gold, silver and base metal projects across North America. He is also president of Bravada Gold and has played key roles in advancing Wind Mountain in Nevada and Homestake Ridge in BC.

Robert W.J. Macdonald – VP Exploration

Robert Macdonald leads Equity Metals’ technical team and brings extensive epithermal and porphyry system expertise. His past project experience includes Homestake Ridge in BC and Cerro Las Minitas in Mexico, and he is the Qualified Person for all technical disclosures.

Killian Ruby – CFO and Director

As president and CEO of Malaspina Consultants and a former senior manager at KPMG LLP, Killian Ruby brings financial discipline, governance strength and tax expertise. He also serves as CFO for several junior resource companies.

John Kerr – Director

A professional engineer with five decades of exploration experience, John Kerr has contributed to the discovery and development of projects such as Santa Fe and Mindora in Nevada, and Frasergold in BC.

Courtney Shearer – Director

Courtney Shearer has served in executive and advisory roles with multiple Canadian mining companies, including San Gold Corporation, where he led strategic evaluations and project planning initiatives.

Arie Page – Corporate Secretary

Arie Page provides legal and corporate compliance support and has served as corporate secretary for numerous public companies within the Manex Resource Group.

Appendix:

Silver Queen Mineral Resource Estimate (NI 43-101 Compliant, Dec. 1, 2022) (C$100 NSR cut-off)

Equity Metals resource data table with indicated and inferred resources.
  1. The current Mineral Resource Estimate was prepared by Garth Kirkham, P.Geo., of Kirkham Geosystems Ltd and Eugene Puritch, P. Eng., FEC, CET and Fred Brown, P, Geo. of P&E Mining Consultants Inc. (“P&E”), Independent Qualified Persons (“QP”), as defined by National instrument 43-101.
  2. All Mineral Resources have been estimated in accordance with Canadian Institute of Mining and Metallurgy and Petroleum (“CIM”) definitions, as required under National Instrument 43-101 (“NI43-101”).
  3. Mineral Resources were constrained using continuous mining units demonstrating reasonable prospects of eventual economic extraction.
  4. Silver and Gold Equivalents were calculated from the interpolated block values using relative process recoveries and prices between the component metals and silver to determine a final AgEq and AuEq values.
  5. Silver and Gold Equivalents and NSR$/t values were calculated using average long-term prices of $20/oz silver, $1,700/oz gold, $3.50/lb copper, $0.95/lb lead and $1.45/lb zinc. All metal prices are stated in $USD. The C$100/tonne NSR cut-off grade value for the underground Mineral Resource was derived from mining costs of C$70/t, with process costs of C$20/t and G&A of C$10/t. Process recoveries used were Au 70%, Ag 80%, Cu 80%, Pb 81% and Zn 90%.
  6. Grade capping was performed on 1m composites for the No. 3 and NG-3 veins and whole vein composites for the Camp and Sveinson veins. For the No. 3 and NG-3 veins Inverse distance cubed (I/d3) was utilized for grade interpolation for Au and Ag and inverse distance squared (I/d2) was utilized for Cu, Pb and Zn. Inverse distance squared (I/d2) was used for all metals in the Camp and Sveinson veins.
  7. A bulk density of 3.56t/m3 was used for all tonnage calculations in the No. 3 and NG-3 veins. A variable density with a 3.15 average was used for the Camp and Sveinson veins.
  8. Mineral Resources are not Mineral Reserves until they have demonstrated economic viability. Mineral Resource Estimates do not account for a Mineral Resource’s mineability, selectivity, mining loss, or dilution.
  9. An Inferred Mineral Resource has a lower level of confidence than that applying to an Indicated Mineral Resource and must not be converted to a Mineral Reserve. It is reasonably expected that the majority of Inferred Mineral Resources could be upgraded to Indicated Mineral Resources with continued exploration.
  10. All figures are rounded to reflect the relative accuracy of the estimate and therefore numbers may not appear to add precisely.

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Investor Insight

Osisko Metals’ high-quality copper and zinc assets present a compelling investment opportunity amid a rapidly expanding critical and base metals market. North America is continuing to prioritize domestic mineral supply chains, and Osisko Metals is well-positioned with its two brownfield, past-producing assets in Canada: the Gaspé Copper project and the Pine Point zinc-lead project.

Overview

Osisko Metals (TSX:OM,OTC:OMZNF,FRANKFURT: 0B51) is an exploration and development company focusing on two base metal assets in Canada – Gaspé Copper and Pine Point – targeting copper and zinc, both critical minerals necessary for the global transition to clean energy. These assets are past-producing, brownfield projects of significant potential for future production.

The Gaspé Copper project in Québec has a rapid development plan to begin mining the indicated resource of 824 million tons (Mt) of ore grading 0.34 percent copper equivalent. As the gap between available copper supply and growing demand widens, Osisko Metals is well-positioned to help create and strengthen a domestic supply chain for the North American market.

Osisko Metals project locations

The company’s Pine Point zinc-lead project in the Northwest Territories contains an indicated mineral resource estimate of 49.5 Mt at 4.22 percent zinc and 1.49 percent lead, in addition to significant inferred resources. Zinc is a necessary mineral for the clean energy transition and has important applications throughout the manufacturing industry. This widespread use of zinc has analysts cautioning about a looming supply shortage.

A preliminary economic assessment (PEA) completed in 2022 indicates the Pine Point project has the potential to become a world-class, high-grade zinc asset, with an after-tax net present value (NPV) of C$602 million and internal rate of return (IRR) of 25 percent. A feasibility study is now fully underway, and is expected to be completed in 2025.

In February 2023, Osisko Metals announced a C$100-million investment agreement with Appian Natural Resources Fund III for a joint venture on the Pine Point project. The agreement includes C$75.3 million of funding for the project and up to C$24.7 million in cash payments to Osisko Metals. In February 2024, Osisko Metals sold an additional 5 percent ownership interest in Pine Point Mining to a subsidiary of Appian for approximately C$8.33 million. Appian now has the right to earn up to 65 percent of the project, with Osisko Metals retaining 35 percent.

Pine Point Mining and the Town of Hay River have also signed a memorandum of understanding to seize opportunities for long-term sustainable growth for Hay River through the development and operations of the Pine Point mining project.

Led by a management team with a wide range of expertise throughout the natural resources industry and experience in geology, exploration, corporate finance and corporate administration, Osisko Metals is well-poised to become a world-class supplier of base metals.

Company Highlights

  • Osisko Metals (OM) is focused on becoming a significant base metals producer by bringing two past-producing Canadian brownfield assets back into production: the Gaspé Copper project in Québec and the Pine Point zinc-lead project in the Northwest Territories.
  • OM’s 100-percent-owned Gaspé Copper project is advancing rapidly with a fully funded 110,000-metre 2025 drill program and the goal of converting and expanding its large-scale NI 43-101 resource base.
  • Copper Mountain hosts the largest undeveloped copper asset in Eastern North America, with an in-pit indicated resource of 824 million tonnes (Mt) grading 0.34 percent copper equivalent (CuEq) and an inferred resource of 670 Mt grading 0.38 percent CuEq. The resource contains 4.91 billion pounds of copper, 274 million pounds of molybdenum, and 46 million ounces of silver.
  • The Pine Point project has the potential to become a top-ten global zinc producer, supported by updated 2024 resource estimates and a positive PEA. It is operated through a joint venture with Appian Natural Resources Fund III, which has the right to earn up to 65 percent of the project.
  • A C$100-million investment agreement with Appian includes C$75.3 million in project funding and allows for a staged increase in Appian’s ownership. Osisko Metals retains a 35 percent interest.
  • The 2022 PEA for Pine Point returned an after-tax IRR of 25 percent and an NPV (8 percent) of C$602 million, with clean, high-grade zinc and lead concentrates appealing to global smelters.
  • A highly experienced management team with a successful track record of discovery, development and value creation is leading Osisko Metals’ transformation into a leading North American base metals developer.

Key Projects

Gaspé Copper Project

The Gaspé Copper project in Québec is among the most significant copper development projects in eastern North America. Osisko Metals completed the 100-percent acquisition of Gaspé Copper in July 2023 and has since launched a fully funded, 110,000-metre drill program. Québec is consistently ranked as a top-tier mining jurisdiction with supportive permitting processes and access to infrastructure.

Osisko Metals

Project Highlights:

  • Significant Mineral Resource Estimate: The current NI 43-101 mineral resource estimate (effective November 2024) outlines an in-pit indicated resource of 824 Mt grading 0.34 percent copper equivalent and an inferred resource of 670 Mt grading 0.38 percent copper equivalent. Contained metals include 4.91 billion pounds of copper, 274 million pounds of molybdenum, and 46 million ounces of silver.
  • Prolific Past Production: The historic Gaspé mine produced more than 141 Mt at 0.9 percent copper between 1955 and 1999 through both underground and open-pit mining. The site has undergone over C$150 million in reclamation, creating a well-positioned brownfield development opportunity.
  • Robust Infrastructure: The site benefits from year-round road access, on-site hydroelectric power, proximity (under 100 km) to a deep-sea port in Gaspé, and remaining legacy infrastructure, including oxide stockpiles, administration buildings and a water treatment facility.
  • 2025 Drill Program: The 110,000-metre drill campaign initiated in February 2025 targets both infill and expansion zones. Goals include upgrading inferred resources, extending mineralization up to 250 meters below the current pit shell, testing areas toward Needle East Mountain, and better delineating high-grade skarn zones (grading 0.5 to 3.0 percent copper). Recent results include:
    • Drill hole 30-1090 – 279.0 meters averaging 0.49 percent copper and 108.0 meters averaging 0.84 percent copper
      Drill hole 30-1075 – 258.0 meters averaging 0.33 percent copper including 15.6 meters averaging 1.47 percent copper
    • Wide zones of new mineralization intersected southeast of the Copper Mountain pit, including skarn-hosted copper zones supporting potential for future resource expansion
  • Copper Mountain Updated MRE: The latest resource estimate (Fall 2024) reflects a 53 percent increase in copper-equivalent content in the indicated category and a 100-fold increase in the inferred category compared to prior reports. A high-grade sub-resource of 520 Mt grading 0.54 percent copper equivalent has also been identified at higher cut-off grades.
  • Acquisition of New Claims: In December 2024, Osisko Metals acquired 199 additional mineral claims adjacent to the Gaspé Copper property, expanding the project’s exploration footprint in a highly prospective area.

Pine Point Zinc-Lead Project

The Pine Point asset in the Northwest Territories is a brownfield site with legacy infrastructure and a clear path toward redevelopment. The site is supported by an on-site hydroelectric substation, paved access roads, and proximity to rail and port infrastructure.

Osisko Metals

Project Highlights:

  • Joint Venture: Pine Point Mining, the project operator, is governed under a joint venture between Osisko Metals and Appian Natural Resources Fund III. The C$100-million agreement includes C$75.3 million in project funding and additional cash payments. In February 2024, Osisko Metals sold an additional 5 percent interest to Appian for C$8.33 million. Appian may earn up to 65 percent ownership; Osisko Metals retains 35 percent.
  • High-grade Clean Concentrates: The project is expected to produce exceptionally clean zinc and lead concentrates, as confirmed by recent metallurgical testing. XRT sorting and flotation achieved recoveries of 87 percent for zinc and 93 percent for lead. Low deleterious element levels make Pine Point’s product highly attractive to smelters seeking premium concentrates.
  • Promising Economics: The 2022 PEA outlines an average annual life-of-mine production of 329 million pounds of zinc and 141 million pounds of lead. It projects an after-tax NPV (8 percent) of C$602 million and an IRR of 25 percent. Estimated dewatering volumes were reduced by 30 percent compared to the 2020 PEA.
  • 2024 Updated Mineral Resource Estimate:
    • Indicated: 49.5 Mt grading 4.22 percent zinc and 1.49 percent lead (5.52 percent zinc equivalent), containing 4.6 billion lbs of zinc and 1.6 billion lbs of lead
    • Inferred: 8.3 Mt grading 4.18 percent zinc and 1.69 percent lead (5.64 percent zinc equivalent), containing 0.7 billion lbs of zinc and 0.3 billion lbs of lead
    • East Mill, Central, and North zones collectively hold ~36.2 Mt of indicated resources grading 5.22 percent zinc equivalent
  • Community Support: Pine Point Mining Limited has secured support through collaboration agreements with Deninu K’ue First Nation and the Northwest Territory Métis Nation, and continues to work under a 2017 exploration agreement with K’atl’odeeche First Nation. A memorandum of understanding was signed in November 2024 with the Town of Hay River to promote long-term economic benefits and local participation.

Management Team

Robert Wares – Chief Executive Officer

A professional geologist with over 35 years of experience, Robert Wares co-founded Osisko Mining and led the discovery of the Canadian Malartic mine. He is a co-recipient of the PDAC’s “Prospector of the Year” (2007) and serves on the board of Brunswick Exploration.

John Burzynski – Executive Chairman

John Burzynski was CEO of Osisko Mining and led the discovery and sale of the Windfall project to Gold Fields for C$2.2 billion. He also co-founded Osisko Gold Royalties and helped develop Canadian Malartic. He is a fellow of the Royal Canadian Geographical Society, and is a co-recipient of the PDAC’s “Prospector of the Year” (2007)

Don Njegovan – President

Don Njegovan has over 30 years of experience in mining and capital markets. Formerly COO at Osisko Mining, he has also served as managing director, global mining at Scotiabank, and sits on the board of Cornish Metals.

Blair Zaritsky – Chief Financial Officer

BA CPA with over 20 years of experience, Blair Zaritsky was previously CFO of Osisko Mining. He has extensive audit and financial management experience with public companies listed on Canadian exchanges.

Jeff Hussey – Chief Operating Officer

Jeff Hussey, P.Geo., has over 40 years of professional experience in the exploration and mining industries. He has worked in both open pit and underground operations at various stages of mine life, from start-up to mine closure. Hussey has a Bachelor of Science in Geology from the University of New Brunswick. He has been a director of the company since 2017 and has held various management positions with Osisko Metals, most recently as CEO of the company’s subsidiary Pine Point Mining.

Amanda Johnston – Vice-president, Finance

Amanda Johnston is a CPA with more than two decades in the mining and audit sectors. She previously served as VP finance at Osisko Mining and is currently a director of Metalla Royalty & Streaming.

Alexandria Marcotte – Vice-president, Exploration

A registered P.Geo. in Ontario, Alexandria Marcotte has 15+ years of international experience in senior geological roles. She holds an Honours B.Sc. in Geology and an MBA from Schulich School of Business and currently serves as a director of Angel Wing Metals.

Lili Mance – Vice-president & Corporate Secretary

Lili Mance has 30 years of legal, compliance, and governance experience in the resource and financial sectors. She served as corporate secretary at Osisko Mining and is a long-standing member of the Governance Professionals of Canada.

Ann Lamontagne – Vice-president, Environment & Sustainable Development

A civil engineer with a Ph.D. in mining environment, Ann Lamontagne brings over 25 years of environmental consulting and permitting expertise, including work with Nouveau Monde Graphite and Troilus Gold.

Killian Charles – Strategic Advisor

President and CEO of Brunswick Exploration, Killian Charles previously led corporate development at Osisko Metals and worked as a mining analyst. He holds a degree in Earth & Planetary Sciences from McGill University.

Luc Lessard – Technical Advisor

Luc Lessard is a mining engineer with over 30 years of experience in construction and operation of major mines. He is CEO of Falco Resources and COO of Osisko Development, and played key roles in building Canadian Malartic.

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Minnesota Gov. Tim Walz’s announcement that he is dropping his re-election bid amid a massive fraud scandal in the state is raising questions about the vetting process he received to be Kamala Harris’ running mate. 

Following Walz’s Monday announcement that he will not run for re-election as the state faces a fraud scandal that prosecutors say could total as much as $9 billion, many on social media from both sides of the aisle wondered aloud why he was elevated to the presidential ticket despite the fraud concerns which date back to at least 2019 when he was elected governor. 

‘What did Kamala Harris’ veep vetting team know about Tim Walz, and when did they know it?’ Conservative commentator and columnist Josh Hammer posted on X. 

‘This will dog VP Harris and she will need to answer questions about Tim Walz and her answers need to be CLEAR.’ former Jill Biden Press Secretary Michael LaRosa posted on X. ‘If I were advising the former VP, I would put this to bed NOW and release a statement ASAP. Rip the Band-Aid off and get this behind her. Her judgment will be questioned and the trust she placed into those who vetted her VP options will also be questioned. How could they possibly have missed this?’

Harris released a statement later in the day wishing Walz the best and touting his ‘life in public service’ but did not specifically address the fraud scandal or vetting process.

‘The vetting clearly failed,’ retired Minnesota State Patrol Lt. John Nagel told Fox News Digital. Nagel is running for Congress as a Republican against Democratic Rep. Ilhan Omar.

‘By the time Governor Tim Walz was selected, Minnesota’s fraud scandals were already public, already under federal investigation, and already raising serious questions about oversight. That wasn’t hidden information — it was an open and growing issue, despite a local media environment that protects Democrats.’ 

Former Obama-era attorney general Eric Holder was a key figure in the vetting process for the Harris campaign, and he defended his due diligence on Walz, telling CNN that ‘nothing of substance’ was missed in regard to Walz’s record, which Nagel told Fox News Digital ‘raised more questions than it answered’ given the visibility of fraud concerns. 

‘Either possibility is troubling,’ Nagel told Fox News Digital. ‘If Kamala Harris didn’t know, that points to a deeply flawed vetting process and an insane level of hubris. If she did know and proceeded anyway, that suggests accountability simply wasn’t a priority.’

Michael Ceraso, a veteran Democratic strategist, told Fox News Digital the Harris campaign was likely aware of the fraud reports, but internally compared it to Trump’s controversies and concluded it’s ‘not as bad.’

‘Maybe the standard was different because they understood who they were running against, and maybe they were blasé about it because they were looking at their opponent and saying, well, this may not be as comparable to this, and so we can excuse this because this guy over here has done X, Y, and Z,’ Ceraso explained.

Going forward, Ceraso said the Democratic Party could arguably ‘put itself in a position as being the values party’ by placing more emphasis on vetting issues on their own merits rather than comparing records to Trump. 

‘The Democratic Party needs to be better because we can all be better, but I think comparing ourselves to a president that we obviously disagree with morally and saying, well, we’re not as bad as that, but still let a multi-billion dollar corruption thing happen with no accountability. That’s still pretty bad.’

Nagel told Fox News Digital that if Harris decides to run for political office in the future that this issue will likely come up.

‘Voters deserve to know how decisions at the highest levels are made — and whether political considerations outweighed transparency and accountability,’ Nagel said. ‘Unfortunately, if Kamala decides to run in 2028, legacy media outlets will likely not press her on her choice of Walz. I expect that to only be raised in Democrat circles during a presidential debate during the primaries.’

Fox News Digital reached out to Harris’ office for comment.

Walz has also faced criticism in recent days for comments he made on the campaign trail touting childcare programs in Minnesota, suggesting it should be a model for the nation, even though the Feeding Our Future scandal had been bubbling for years.


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