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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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The White House said Tuesday that President Donald Trump views acquiring Greenland as a national security priority and that the use of the U.S. military remains an option as his administration weighs how to pursue control of the Arctic territory.

‘President Trump has made it well known that acquiring Greenland is a national security priority of the United States,’ White House press secretary Karoline Leavitt said in a statement to Fox News. 

‘The President and his team are discussing a range of options to pursue this important foreign policy goal, and of course, utilizing the U.S. Military is always an option at the Commander in Chief’s disposal.’

The comments mark the clearest statement to date from the White House suggesting military force could be considered, as Trump renews pressure on Denmark over Greenland’s strategic role in U.S. defense and missile detection in the Arctic.

European leaders and Canada rallied behind Greenland on Tuesday following Trump’s renewed push to gain control of the Danish territory, according to Reuters. Leaders from France, Britain, Germany, Italy, Poland, Spain and Denmark said Greenland belongs to its people and that only Denmark and Greenland can decide the island’s future.

Arizona Democrat Sen. Ruben Gallego also announced Tuesday a bill to stop Trump from invading ‘another country on a whim’ over Greenland after Operation Absolute Resolve captured Venezuelan dictator Nicolás Maduro over the weekend.

‘What’s happening in Venezuela shows us that we can’t just ignore Trump’s reckless threats. His dangerous behavior puts American lives and our global credibility at risk. I’m introducing this amendment to make it clear that Congress will not bankroll illegal, unnecessary military action, and to force Republicans to choose whether they’re going to finally stand up or keep enabling Trump’s chaos,’ Gallego said in a statement on the legislation.

Louisiana Gov. Jeff Landry, who was named as Trump’s special envoy to Greenland last month, said in an interview with CNBC that ‘security should be a major concern for the United States.’

‘We need Greenland from the standpoint of national security, and Denmark is not going to be able to do it,’ Trump said during a press gaggle on Air Force One Monday. 

This is a developing story. Please check back for updates.


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The US government on Monday (January 5) awarded billions of dollars to revive domestic uranium enrichment, accelerating Washington’s efforts to reduce reliance on foreign supply.

The US Department of Energy said it will award a total of US$2.7 billion over the next decade to three companies to provide enrichment services for low-enriched uranium (LEU) and high-assay low-enriched uranium (HALEU).

Both fuels are necessary to power the nation’s current nuclear fleet and support the deployment of future advanced reactors.

“Today’s awards show that this Administration is committed to restoring a secure domestic nuclear fuel supply chain capable of producing the nuclear fuels needed to power the reactors of today and the advanced reactors of tomorrow,” Energy Secretary Chris Wright said in the department’s statement.

Under the grants, American Centrifuge Operating and General Matter will each receive US$900 million to develop domestic HALEU enrichment capacity, while Orano Federal Services will receive US$900 million to expand US-based LEU enrichment.

The department said the funding will be distributed through task orders tied to specific performance milestones as part of an accountability framework designed to ensure delivery.

Enriched uranium, particularly HALEU, is processed to between 5 percent and 20 percent and is considered essential for many advanced and small modular reactor designs. Currently, Russia is the only country producing HALEU at commercial scale.

US funding to develop domestic HALEU supply was included in legislation passed last year that will fully ban Russian uranium imports by 2028.

DOE said the expanded enrichment capacity is intended to support fuel needs for the nation’s 94 operating commercial reactors while laying the groundwork for future deployments of advanced nuclear technologies.

The awards follow contracts signed last year with six companies that pre-qualified them to bid on enrichment work tied to the federal program.

Alongside the enrichment awards, the department also announced an additional US$28 million grant to Global Laser Enrichment, partly owned by Canada’s Cameco (TSX:CCO,NYSE:CCJ), to advance next-generation uranium enrichment technology.

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

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Sen. Ruben Gallego, D-Ariz., introduced legislation aimed at blocking President Donald Trump from invading Greenland on Tuesday.

Gallego announced the legislative push on X, saying Congress must stop Trump ‘before he invades another country on a whim.’ The bill is one of several Democrat-backed efforts seeking to stop Trump from taking military action against other countries following the capture of now former Venezuelan President Nicolás Maduro.

‘Families are getting crushed by rising grocery and housing costs, inflation is up, and Trump’s name is all over the Epstein files. Instead of doing anything to fix those problems, Trump is trying to distract people by threatening to start wars and invade countries – first in Venezuela, and now against our NATO ally Denmark,’ Gallego said in a statement.

‘What’s happening in Venezuela shows us that we can’t just ignore Trump’s reckless threats. His dangerous behavior puts American lives and our global credibility at risk. I’m introducing this amendment to make it clear that Congress will not bankroll illegal, unnecessary military action, and to force Republicans to choose whether they’re going to finally stand up or keep enabling Trump’s chaos,’ he added.

President Donald Trump told reporters on Air Force One over the weekend that the U.S. needs Greenland, a Danish territory, for ‘national security.’

White House deputy chief of staff for policy Stephen Miller doubled down on Trump’s remarks on Monday, telling CNN that Greenland ‘should be part of the United States.’

CNN anchor Jake Tapper pressed Miller about whether the Trump administration could rule out military action to take the Arctic island.

‘Greenland has a population of 30,000 people,’ Miller said. ‘The real question is by what right does Denmark assert control over Greenland. What is the basis of their territorial claim? What is their basis of having Greenland as a colony of Denmark?’

‘The United States is the power of NATO. For the United States to secure the Arctic region, to protect and defend NATO and NATO interests, obviously Greenland should be part of the United States,’ he added.

Greenlandic Prime Minister Jens-Frederik Nielsen said in a Monday statement posted on Facebook that his country is ‘not an object of superpower rhetoric.’

Danish Prime Minister Mette Frederiksen argued that a U.S. takeover of Greenland would effectively destroy NATO.

Miller scoffs at idea of Denmark going to war for Greenland, says US getting it is best for NATO

‘But I also want to make it clear that if the U.S. chooses to attack another NATO country militarily, then everything stops. Including our NATO and thus the security that has been provided since the end of the Second World War,’ she said.

Fox News’ Ashley Carnahan contributed to this report.


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Sen. Bernie Sanders, I-Vt., railed against President Donald Trump’s weekend strikes in Venezuela, but his criticism comes after a history of taking a softer approach to socialist dictators like former Venezuelan President Nicolás Maduro.

Sanders, like several of his colleagues in the Senate Democratic caucus, argued that Trump’s decision to strike Venezuela’s capital Caracas without congressional approval broke the law and was another instance of the administration leapfrogging Congress’ war powers.

‘Donald Trump has, once again, shown his contempt for the Constitution and the rule of law,’ Sanders said in a statement. ‘The President of the United States does NOT have the right to unilaterally take this country to war, even against a corrupt and brutal dictator like Maduro.’

But the lawmaker’s decision to call Maduro a dictator is a shift. In previous years, Sanders has declined to place that label on him.

When Sanders was on the presidential campaign trail in 2019, he opted not to call Maduro a dictator, instead saying he would support an effort to ensure free and fair elections in the country.

‘I think it’s fair to say that the last election was undemocratic, but there are still Democratic operations taking place in that country,’ Sanders said during a town hall at the time. ‘The point is, what I’m calling for right now is an internationally supervised fair election.’

Maduro, who was first elected in 2013, is accused of human rights abuses and working with cartels and narco gangs in South America and Mexico to distribute illicit drugs into the U.S.

However, Sanders has often accused Trump of engaging in authoritarianism.

‘Under this administration, authoritarianism has taken root in our country,’ Sanders said on X in 2020. ‘As long as I am here, I will work with progressives, with moderates, and, yes, with conservatives to preserve this nation from a threat that so many of our heroes fought and died to defeat.’

The lawmaker has also been supportive of policies under former Cuban dictator Fidel Castro. During his last presidential run, Sanders came under fire after a speech he made in the 1980s when he lauded the socialist policies installed by Castro and his regime.

Sanders was pressed on the speech during another town hall event on the campaign trail, where he noted that he had been consistently critical of authoritarian regimes across the globe.

Still, he contended that ‘there were a lot of folks in Cuba at that point who were illiterate. He formed the literacy brigade.’

‘You know what, I think teaching people to read and write is a good thing,’ Sanders said.

Fox News Digital did not immediately hear back from Sanders’ office for comment.


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President Donald Trump floated that all presidents and vice presidents should take cognitive tests, days after bragging that he successfully completed a third cognitive exam. 

Trump, 79, has frequently taken aim at former President Joe Biden amid multiple books and reports detailing the decline of Biden’s mental faculties while in office, and similarly cast doubt on whether other Democrats could pass a cognitive test. 

‘Do you think Walz could pass a cognitive test … Do you think Kamala could?’ Trump said Tuesday at the Kennedy Center for the House GOP Member Retreat. ‘I don’t think Gavin could. He’s got a good line of crap, but other than that, he couldn’t pass.’ 

Trump was referring to former Vice President Kamala Harris, Minnesota Gov. Tim Walz and California Gov. Gavin Newsom.

Spokespeople for Harris and Walz did not immediately respond to a request for comment from Fox News Digital. 

In response to a request for comment, Newsom spokesperson Izzy Gardon replied to Fox News Digital: ‘HAHAHAHAHAHAHAHA.’ 

Trump’s statements come after he claimed he ‘ACED’ another cognitive examination, and backs mandatory cognitive exams to prevent ”STUPID’ or INCOMPETENT PEOPLE!’ from leading the country. 

‘The White House Doctors have just reported that I am in ‘PERFECT HEALTH,’ and that I ‘ACED’ (Meaning, was correct on 100% of the questions asked!), for the third straight time, my Cognitive Examination, something which no other President, or previous Vice President, was willing to take,’ Trump posted to Truth Social Friday.

Trump also said Tuesday that he faces a catch-22 when it comes to completing a medical exam — or not — amid recent questions surrounding his health. For example, concern has stemmed from bruising on his hands and reports regarding swollen ankles. 

‘If I don’t do a medical exam, they say, ‘Trump’s not doing an exam. There must be something wrong with him.’ If I do the exam, they say, ‘Why did he do this? Why did he do this part of an exam? He did too much. There’s something wrong with him,’’ Trump said. 

Trump’s comments come as he clarified to The Wall Street Journal in a piece published Thursday that he received a CT scan, and not a more thorough, time-consuming MRI scan, for a medical examination he underwent in October. Trump said in the interview that he regrets taking the CT scan because it provided ‘ammunition’ to those who have questioned his overall health. 

The October visit came after Trump’s annual physical at Walter Reed National Military Medical Center in Maryland. Afterward, White House physician, Navy Capt. Sean Barbabella, claimed that the president ‘remains in excellent health.’

Meanwhile, the White House press secretary Karoline Leavitt has dismissed questions about Trump’s bruised hands and attributed the markings in July to ‘frequent handshaking and the use of aspirin.’ Likewise, she said that Trump’s swollen legs are a ‘benign and common condition’ that sometimes plagues those over the age of 70. 

Fox News’ Emma Colton contributed to this report. 


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House Republicans’ investigation into fraud within Minnesota’s social programs is likely to expand, House Oversight Committee Chairman James Comer, R-Ky., told Fox News Digital.

‘We need to know how deep this fraud in taxpayer-funded programs runs, not just in Minnesota, but across the country. The House Oversight Committee will expand its investigation to other states, because waste, fraud, and abuse cannot be tolerated anywhere,’ Comer said Tuesday.

The House Oversight Committee is probing allegations that federal and state funds were misused in Minnesota, an investigation that’s thrust top officials in the state government under scrutiny.

It’s also proved to be a potent political cudgel for Republicans against progressive leaders like Minnesota Gov. Tim Walz and state Attorney General Keith Ellison.

Both were summoned to Capitol Hill by Comer, who is holding a pair of high-profile hearings in the coming weeks while the federal government investigates allegations of fraud.

The first such event, taking place on Wednesday, will feature testimony from three Republicans in the state legislature. Walz and Ellison were summoned for a follow-up hearing on Feb. 10.

Comer said he would use the probe ‘as a blueprint to expand oversight and pursue accountability in other states’ as well.

It comes after Walz announced he would drop his bid for a third term as governor on Monday, citing the fervor around the fraud investigations.

‘Every minute that I spend defending my own political interests would be a minute I can’t spend defending the people of Minnesota against the criminals who prey on our generosity, and the cynics who want to prey on our differences,’ Walz said.

Walz previously said his administration has taken steps to crack down on the fraud, but argued federal officials are overinflating and politicizing the scope of the damage.

But Comer said Walz still ‘needs to testify under oath about what he knew, and when he knew it, about this massive fraud and money-laundering operation.’

Federal prosecutors in Minnesota have charged multiple people with stealing more than $240 million from the Federal Child Nutrition Program through the Minnesota-based nonprofit Feeding Our Future.

However, the probe has since widened to multiple state-run programs being investigated for potential fraud.

Childcare providers receiving state funding, mainly within the Somali community, are also under scrutiny.


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The State Department has intensified its criticism of Iran’s regime on its Persian-language account since the outbreak of nationwide protests against the ayatollahs, mirroring President Donald Trump’s forceful warning to Tehran.

Trump recently posted, ‘If Iran shots (sic) and violently kills peaceful protesters, which is their custom, the United States of America will come to their rescue. We are locked and loaded and ready to go. Thank you for your attention to this matter! President DONALD J.TRUMP.’

‘President Trump’s latest truth social post regarding Iran speaks for itself,’ a U.S. State Department spokesperson told Fox News Digital on Tuesday.

The State Department’s reinforcement of Trump’s pledge to aid Iranian demonstrators comes amid reports that protesters had taken control of many streets in Abdanan, in Ilam province in western Iran, on Tuesday. They chanted ‘Death to Khamenei’ and ‘This year is a year of blood, Seyed Ali (Khamenei) will be overthrown,’ according to videos sent to Iran International news organization.

The State Department’s Persian-language account, @USABehFarsi, appeared to issue a stark warning to Iran’s totalitarian rulers. ‘President Trump is a man of action. If you didn’t know before, now you do. Don’t mess with President Trump.’ The black-and-white picture showed Trump with his leadership team watching elite U.S. army forces seize the former Iran-backed Venezuelan dictator Nicolás Maduro.

Trump’s social media posts and the statements coming from the State Department’s account have emboldened Iranians both inside and outside of the country.

Potkin Azarmehr, a British-Iranian journalist, noted the contrast with previous administrations. ‘Well, what a contrast to Obama’s time when protesters in Iran in 2009 were angrily chanting, ‘Obama, are you with us or with them?’ Any international support, whether at grassroots level or government level is encouraging. Knowing that the world knows about you,’ he added that ‘The question is where are the Western activist elite protesters? Why are they not protesting? Are they on the side of the ayatollahs? An archaic religious apartheid?’

Iran analyst Alirzeza Nader said, ‘I think State is right to say that the alternative to the current regime will come from inside Iran. And that Iranians will choose their own leaders. Yes, it’s definitely better now. Unfortunately, the Obama and Biden administrations pushed the reformist line (the Reformist line espoused by Rouhani and Khatami). My advice to the Trump administration: stay neutral when it comes to the opposition’s leadership. Let Iranians figure it out.’

The former Iranian presidents, Hassan Rouhani and Mohammad Khatami, promised mild reforms but remain wedded to the Islamic Republic of Iran — a regime that has been repeatedly classified by the State Department as a leading state sponsor of terrorism.

Nadav Mohebb, who worked as a Persian media analyst for the State Department’s Public Affairs Bureau, said about the State Department’s Persian-language X account that ‘During the Biden administration, this account was effectively turned into a ghost town and largely lost its relevance and impact.’

He said, ‘Following President Trump’s recent tweet, we have seen a renewed level of activity reminiscent of his first term — an approach that has again drawn the attention of Iranians. Trump’s message effectively removed the account’s excessive caution, and over the past four days its anti-regime tone has noticeably intensified.’

Mohebb said, ‘The account should avoid involvement in opposition infighting, remain sensitive to Iranian public sentiment, and operate in alignment with the prevailing mood of Persian Twitter. I hope Trump’s warning message to the regime will serve as a catalyst for upgrading the messaging strategy of this account and restoring its former effectiveness.’

IRAN UNREST: Video shows clashes at Tehran

Reza Parchizadeh, an Iranian-American expert on the regime, said, ‘The State Department’s Persian-language account is performing effectively. Its messaging is deliberately structured to project a sense of American support and hope toward Iranian protesters, while also attempting to reflect the breadth and diversity of protest activity rather than treating it episodically or selectively. In itself, this represents a notable shift in approach.’

He noted, ‘The Obama era was fundamentally different in orientation and intent. That administration prioritized reaching a diplomatic accommodation with the Islamic Republic and reintegrating the regime into the international system. Within that framework, popular protests and organized opposition inside Iran were largely downplayed by the State Department in order to avoid complicating negotiations or signaling regime vulnerability.’


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Freegold Ventures Limited (TSX: FVL,OTC:FGOVF) (OTCQX: FGOVF) (the ‘Company’ or ‘Freegold ‘), is pleased to announce that further to its news release dated December 19, 2025, the Company has closed its upsized brokered private placement offering for aggregate gross proceeds of $49,999,950 (the ‘Offering’). Paradigm Capital Inc. (the ‘Lead Agent’) acted as lead agent and sole bookrunner under the Offering on behalf of a syndicate of agents, including Stifel Nicolaus Canada Inc. (‘Stifel’ and together with the Lead Agent, the ‘Agents’).

Freegold Logo (CNW Group/Freegold Ventures Limited)

In connection with the Offering, the Company entered into an agency agreement (the ‘Agency Agreement‘) dated January 6, 2026, between the Company and the Agents. In accordance with the Agency Agreement, 38,461,500 common shares of the Company (‘Common Shares‘) were issued at a price of $1.30 per Common Share.

The Company intends to use the net proceeds from the Offering to complete a Pre-Feasibility Study for the Golden Summit Project, to support ongoing exploration, and for general corporate and working capital purposes.

Completion of this financing marks a significant milestone for Freegold, demonstrating strong investor confidence and providing the capital needed to advance the Golden Summit Project. The successful closing reinforces the Company’s commitment to advancing the Golden Summit Project. Significant progress has already been made on the pre-feasibility study through supporting work, and this recent financing round has provided the Company with additional resources to aggressively advance the Golden Summit Project.

With substantial funding now secured, Freegold is well positioned to expedite completion of the pre-feasibility study by early 2027 and to expand exploration east of the current resource zone, aiming to unlock further value from the Golden Summit property. This strategic approach not only enhances the project’s long-term growth potential but also aligns with the Company’s vision of maximizing shareholder value through targeted exploration and responsible development. As the Company moves into this pivotal year, it remains focused on executing its work programs efficiently while maintaining strong relationships with its stakeholders and regulatory bodies.

Mr. Eric Sprott, through 2176423 Ontario Ltd., a corporation beneficially owned and controlled by him, acquired 7,700,000 Common Shares in the Offering for total consideration of $10,010,000. Pursuant to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (‘MI 61-101‘), the purchase of Common Shares by Mr. Sprott was a ‘related party transaction’. The Company was exempt from the requirements to obtain a formal valuation and minority shareholder approval in connection with the Offering in reliance on section 5.5(a) and section 5.7(1)(a) of MI 61-101 respectively, as neither the fair market value of the Common Shares received by Mr. Sprott nor the proceeds for such securities received by the Company exceeded 25% of the Company’s market capitalization as calculated in accordance with MI 61-101. The Company did not file a material change report more than 21 days before the expected closing date of the Offering as the details of the Offering and the participation therein by any ‘related party’ of the Company were not settled until shortly prior to the closing of the Offering, and the Company wished to close the Offering on an expedited basis for sound business reasons.

The Offering is subject to the final approval of the Toronto Stock Exchange. The Common Shares have been offered pursuant to the Listed Issuer Financing Exemption under National Instrument 45-106 – Prospectus Exemptions, as amended by Coordinated Blank Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption, in all Canadian provinces, except Quebec, and other qualifying jurisdictions. The Common Shares issued under the Listed Issuer Financing Exemption are not subject to resale restrictions in Canada pursuant to applicable Canadian securities laws.

There is an amended and restated offering document related to this Offering that can be accessed under the Company’s profile on SEDAR+ at www.sedarplus.com and on the Company’s website.

The securities have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the ‘U.S. Securities Act‘), or any U.S. state security laws, and may not be offered or sold in the United States without registration under the U.S. Securities Act and all applicable state securities laws or compliance with requirements of an applicable exemption therefrom. This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Freegold Ventures Limited
Freegold is a TSX-listed company focused on exploration in Alaska.

Forward-looking Information Cautionary Statement
This press release contains statements that constitute ‘forward-looking information’ (collectively, ‘forward-looking statements‘) within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this press release. Any statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as ‘expects’, or ‘does not expect’, ‘is expected’, ‘anticipates’ or ‘does not anticipate’, ‘plans’, ‘budget’, ‘scheduled’, ‘forecasts’, ‘estimates’, ‘believes’ or ‘intends’ or variations of such words and phrases or stating that certain actions, events or results ‘may’ or ‘could’, ‘would’, ‘might’ or ‘will’ be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. Forward-looking statements contained in this press release, include, without limitation, statements regarding the anticipated use of proceeds from the Offering, statements regarding advancing the Golden Summit Project and other exploration plans, and statements regarding the timing for and expected completion of a pre-feasibility study. In making the forward-looking statements contained in this press release, the Company has made certain assumptions. Although the Company believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurance that the expectations of any forward-looking statements will prove to be correct. Known and unknown risks, uncertainties, and other factors may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: availability of financing; delay or failure to receive required permits or regulatory approvals; and general business, economic, competitive, political and social uncertainties. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this press release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise. See Freegold’s Annual Information Form for the year ended December 31, 2024, filed under Freegold’s profile at www.sedarplus.com, for a detailed discussion of the risk factors associated with Freegold’s operations.

SOURCE Freegold Ventures Limited

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