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House Republicans are scrambling to find a solution to sky-high health costs as the clock ticks on Obamacare tax credits that were enhanced during the COVID-19 pandemic.

House GOP leaders have been busy working with different factions within their conference this week to shape the contours of a package aimed at lowering healthcare costs for Americans, but it’s not clear if there is yet consensus on legislation that could get support from all 220 Republican lawmakers — and those in the Senate.

Speaker Mike Johnson, R-La., told Bloomberg News on Thursday that the House would vote on a healthcare plan by the end of this month.

House Majority Leader Steve Scalise, R-La., was less certain of a specific timeline, however, telling reporters, ‘We are meeting with all of our caucuses and building a coalition. And so when we’re ready to go, we will.’

‘But the focus has always been, you know, bills that will lower costs and give families options to help them, so they’re not trapped in the unaffordable care act,’ Scalise said.

He was referring to the Obama administration-era Affordable Care Act (ACA), colloquially known as Obamacare. Republicans have long criticized it as a broken system that’s served to fuel inflationary health insurance premium costs, but finding a solution that’s palatable to both Americans and officials in Washington has long eluded the GOP.

Democrats in Congress voted twice to expand Obamacare during the COVID-19 pandemic in order to get more Americans healthcare coverage. That expansion is set to run out by the end of 2025, and Democrats claim that it will push Americans’ healthcare costs sky-high if the enhanced subsidies are allowed to expire.

It’s also been a concern for a handful of Republicans, many of whom represent battleground districts that were critical to the GOP winning and keeping the House majority.

Multiple bipartisan initiatives have been unveiled in recent weeks aimed at stopping that healthcare cliff from coming. Reps. Tom Suozzi, D-N.Y., and Brian Fitzpatrick, R-Pa., are planning to release legislation expanding the enhanced Obamacare subsidies for two years, albeit with reforms aimed at streamlining the system for those who need it most.

Fitzpatrick told Fox News Digital that legislation could come out as soon as Thursday.

Meanwhile, a group of 20 Democrats and 15 Republicans led by Reps. Jen Kiggans, R-Va., and Josh Gottheimer, D-N.J., released a framework on Thursday morning that would expand a version of the enhanced Obamacare subsidies for a year, followed by a modified health plan the following year that would include ‘continued health insurance premium savings’ with ‘more significant reforms.’

The extension would reform the system with new ‘guardrails’ aimed at rooting out fraudulent actors and inactive enrollees, along with new income requirements to qualify.

‘It proposes a short-term and longer-term fix. But the bottom line is in just a few days, for millions and millions of Americans, their health insurance premiums are going to spike significantly,’ Gottheimer told reporters.

Rep. Mike Lawler, R-N.Y., a part of that group, said, ‘The extension of the Affordable Care Act subsidy with reforms is something we all agree is necessary, and then have a much longer-term discussion about how we actually fix healthcare costs in America.’

Kiggans told Fox News Digital in a brief interview that allowing the enhanced subsidies to just expire would hike costs for millions of Americans who Republicans tried to help make life more affordable for with President Donald Trump’s One Big, Beautiful Bill Act.

She said she understood and agreed with the notion of needing to phase out COVID-19-era tax programs but added, ‘We are facing a deadline with this one where, unfortunately, if we just cold turkey let those premium tax credits expire, we’re going to see spikes worth thousands of dollars.’

But conservatives within the House GOP have signaled heavy opposition to extending the enhanced Obamacare subsidies, arguing it would do little to lower healthcare costs.

‘I don’t know why Republicans, or people who consider themselves to be conservative, would give tacit approval and support of Obamacare by expanding subsidies of Obamacare,’ House Budget Committee Chairman Jodey Arrington, R-Texas, told Fox News Digital. ‘I don’t know why they would give tacit agreement that somehow, by extending those subsidies, COVID-era subsidies, that they would be making healthcare more affordable.’

Arrington said he could see bipartisan avenues to make aspects of Obamacare itself work better, but suggested he was against extending the enhanced subsidies even with reforms.

‘I see no utility at all in expanding in any form. No matter how much lipstick you put on that pig, it’s still a pig. And you need a whole different animal if you’re going to bring the cost down,’ he said.

Rep. Chip Roy, R-Texas, who spoke with Fox News Digital the night before the bipartisan unveiling, said, ‘If they really wanted to build a coalition with Republicans, they’d be coming over and pitching us first on what their ideas are. I haven’t seen that.’

‘Let’s remember that these were COVID-era Biden subsidies and that no Republican voted for them. And no Republicans voted for any other subsidy. So any Republican trying to do a deal starting with that is starting at the wrong end. Start with healthcare freedom,’ Roy said.

Still, there are ways for Republicans in favor of extending the Obamacare enhanced subsidies to force a vote on doing so without support from their leaders.

One method is called a discharge petition, which would force consideration of a given piece of legislation if it got support from a majority of the House chamber.

But both Kiggans and Fitzpatrick appeared hesitant when asked about the possibility.

Fitzpatrick would not answer directly when asked about such a move. Kiggans, meanwhile, said, ‘This isn’t a direction that we’re trying to go with it.’

‘I think just today, Mike Johnson said we were going to do something with … so, hopefully, you know, we’ve been able to impress upon the leadership the urgency and that these things will be addressed next week,’ she said.


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Adm. Mitch Bradley confirmed to lawmakers that Secretary of War Pete Hegseth did not order all survivors of counter-narcotics strikes to be killed — even as they had mixed opinions on whether the so-called ‘double tap’ strike was justified. 

An initial Washington Post report had claimed that Hegseth ordered those in charge of the counter-narcotics strikes to ‘kill them all,’ leading Bradley to interpret this as orders to kill remaining survivors. 

‘The admiral confirmed that there had not been a kill them all order and that there was not an order to grant no quarter,’ Rep. Jim Himes, D-Conn., top Democrat on the Intelligence Committee, told reporters after a briefing with the admiral. 

‘Adm. Bradley was very clear that he was given no such order, not to give no quarter or to kill them all,’ Senate Intelligence Committee Chairman Tom Cotton, R-Ark., said.

Still, Himes said the full video footage of the Sept. 2 strikes showed that the two survivors were ‘shipwrecked sailors.’

‘What I saw in that room was one of the most troubling things I’ve seen in my time in public service. You have two individuals in clear distress, without any means of locomotion with a destroyed vessel, who were killed by the United States,’ Himes went on. ‘Now there’s a whole set of contextual items that the admiral explained. Yes, they were carrying drugs. They were not in the position to continue their mission in any way.’

Democrats and Republicans seemed to have strikingly different impressions of the video they’d been shown of the strikes.

Cotton said video of the strikes showed the survivors ‘trying to flip their boat back over and continue their mission.’

Sen. Chris Coons, D-Del., ranking member of the defense appropriations subcommittee, said, ‘I think it’d be hard to watch the series of videos and not be troubled by it.’ 

‘I am deeply disturbed by what I saw this morning. The Department of Defense has no choice but to release the complete, unedited footage of the Sept. 2 strike,’ said Sen. Jack Reed, R.I., top Democrat on the Armed Services Committee.

Rep. Rick Crawford, R-Ark., chairman of the House Intelligence Committee, appeared to take aim at Democrats for claiming they were ‘troubled’ by the video. 

‘Those who appear ‘troubled’ by videos of military strikes on designated terrorists have clearly never seen the Obama-ordered strikes, or, for that matter, those of any other administration over recent decades. I am deeply concerned by the public statements made by others that seek to ignore the realities of targeting terrorists to score political points. I call upon them to remember their own silence as our forces conducted identical strikes for years — killing terrorists and destroying military objectives the same as in this strike — and ask themselves why they would seek to attack our forces today.’

‘There is [another] example where survivors actually were shipwrecked and distressed and not trying to continue on their mission, and they were treated as they should be, as noncombatants. They were picked up by U.S. forces,’ Cotton said.

‘It’s just an example of how, of course, our military always obeys the laws of war. Our military also acts with an appropriate, lawful authority to target these narco-terrorists.’

In another Oct. 16 strike that killed two, two survivors were captured and sent back to Colombia and Mexico. In a series of four strikes on Oct 27 that killed 14, one survivor was left for retrieval by the Mexican coast guard.

Cotton said the protocol for handling survivors remains the same since the strikes began in early September. 

After reporting that a Sept. 2 strike on alleged narco-terrorists had left two survivors who were killed in a follow-up strike, lawmakers and legal analysts expressed concern that top military brass had violated the Pentagon’s Law of War manual, which deems attacking persons rendered ‘helpless’ due to ‘wounds, sickness or shipwreck’ is explicitly prohibited and described as ‘dishonorable and inhumane.’ Shipwrecked individuals are protected unless they resume hostile action or otherwise regain the capacity to pose an immediate threat.

But Pentagon officials have suggested the survivors may have been in a position to call for backup and that Bradley viewed that as a threat.

Hegseth has said he viewed the initial strike in real time, but was not present to view the second strike. He’s said he had no involvement in the decision to call for a second strike but stands by Bradley’s decision.

Bradley is now locked in a whirlwind day of meetings on Capitol Hill to explain his decision — he’s given separate briefings to the top lawmakers on the House and Senate Intelligence Committees, House and Senate Armed Services Committees and top members on the defense appropriations subcommittees. 


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A Pentagon inspector general report concluded that Secretary of War Pete Hegseth sent sensitive, nonpublic strike information over the encrypted app Signal using his personal phone, a violation of department policy, even as the watchdog affirms he has broad authority to classify or declassify military information.

According to the report, Hegseth violated War Department protocol that bars officials from conducting government business on personal devices and from using commercial messaging applications to transmit nonpublic Pentagon information.

Investigators found that Hegseth’s March 15 messages to a Signal chat — which included an uncleared journalist — closely tracked timelines contained in a SECRET//NOFORN operational email from Central Command. As the Pentagon’s top classification authority, he has the discretion to declassify information, but policy still prohibits using nonsecure, nonofficial channels to send it.

‘This Inspector General review is a TOTAL exoneration of Secretary Hegseth and proves what we knew all along — no classified information was shared. This matter is resolved, and the case is closed,’ the department’s chief spokesperson said in response to the report.

The secretary sent operational details roughly two to four hours before U.S. forces carried out a coordinated strike campaign on Houthi targets in Yemen. The IG found that doing so ‘risks potential compromise’ and ‘could cause harm to DoD personnel and mission objectives.’

‘The Secretary sent information identifying the quantity and strike times of manned U.S. aircraft over hostile territory over an unapproved, unsecure network approximately 2 to 4 hours before the execution of those strikes. Although the Secretary wrote in his July 25 statement to the DoD OIG that ‘there were no details that would endanger our troops or the mission,’’ the report states.

‘If this information had fallen into the hands of U.S. adversaries, Houthi forces might have been able to counter U.S. forces or reposition personnel and assets to avoid planned U.S. strikes. Even though these events did not ultimately occur, the Secretary’s actions created a risk to operational security that could have resulted in failed U.S. mission objectives and potential harm to U.S. pilots.’

The report says Hegseth monitored the Yemen strikes from a Sensitive Compartmented Information Facility (SCIF) at his home with two aides and communicated with U.S. CENTCOM via classified channels before posting what he later described as an unclassified ‘summary’ to the Signal group.

Several Pentagon officials told investigators that Hegseth participated in additional Signal group chats — including one labeled ‘Defense Team Huddle’ — to assign tasks, discuss internal matters and, in at least one case, share similar operational information.

Officials also installed a special tethering system that allowed Hegseth to view and operate his personal phone from inside his secure Pentagon suite while the device remained physically outside the classified space. The IG said it could not determine whether this setup met security requirements.

Read the report below. App users: Click here

The controversy began after then–National Security Advisor Mike Waltz inadvertently added Atlantic editor-in-chief Jeffrey Goldberg to a Cabinet-level Signal chat in which Hegseth shared the strike details. The IG determined that including a journalist in the chat ‘risked U.S. personnel and security.’

Because many of the messages in the chat were auto-deleted before the Pentagon preserved them, the report also found that Hegseth violated federal record-keeping law, which requires officials to forward records from nonofficial messaging accounts to their government accounts within 20 days.


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More than 160 House Democrats voted against a pair of bills Thursday aimed at keeping foreign influence out of U.S. schools.

Both pieces of legislation passed with bipartisan support, though Democrats’ top ranks opposed each one.

‘We just want to educate our children, focus on reading, writing and arithmetic, developing a holistic child, giving the ability to them to think critically,’ House Minority Leader Hakeem Jeffries, D-N.Y., told Fox News Digital when asked about the pushback.

‘We’re not going to be lectured by a group of Republicans who are dismantling the Department of Education in real-time. Literally 90% of the Department of Education as it existed last year is now gone.’

He accused Republicans of ‘attacking public education just like they’re attacking public health and attacking public safety.’

One of the two bills was led by House GOP Policy Committee Chairman Kevin Hern, R-Okla., and would block federal funds from elementary and secondary schools that have programs, cultural exchanges or other class-related activities that get dollars from the Chinese government.

It would also block federal funds from schools that either directly or indirectly get any kind of support from entities or people related to the Chinese government.

That bill passed 247–166, with 33 Democrats in favor and 166 against.

The second piece of legislation, led by Rep. Aaron Bean, R-Fla., would require every public elementary and secondary school to notify parents that they have a right to request information about any ‘foreign influence’ in their child’s school.

The notification would have to come via the school’s local education agency (LEA), bodies such as school boards that have administrative control over that and other schools in the area.

The second bill passed 247–164, with 33 Democrats in favor and 164 against.

Republicans argued these were commonsense bills aimed at keeping malign foreign influence out of U.S. schools.

But Democrats criticized both during debate on the House floor.

‘The bill gives no guidance on what acting directly or indirectly on behalf of means, or how you are supposed to know and how a parent’s contribution to a school program should be evaluated,’ Rep. Bobby Scott, D-Va., said. ‘And really, are you supposed to scrutinize all parents’ contributions or just those from parents of Chinese American students?’


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Investors should brace for what could be a make-or-break year for gold: according to the latest 2026 outlook by the World Gold Council (WGC).

After a blistering 2025 that saw gold hit more than 50 all-time highs and rise over 60 percent, the WGC says 2026 could deliver anything from a modest rally to a steep pullback.

The year was also a contest between bullish forces tied to slowing global growth and persistent political instability, and bearish pressures that could emerge if the Trump administration successfully lifts US economic performance and interest rates rise again.

For now, the Council says the gold price “broadly reflects macroeconomic consensus expectations,” suggesting the market could remain rangebound unless major shocks alter that trajectory.

But 2025 was a reminder that consensus can be fragile. The Council notes that heightened geopolitical risk alone explains a significant portion of this year’s rally, noting that those same dynamics could again dominate if global conditions deteriorate.

A year that redefined gold’s appeal

Gold’s 2025 surge is shaping up to be its fourth-strongest yearly return since 1971—the end of the Gold Standard era. Investment demand has accelerated across major regions and central banks have also continued to add to reserves at levels far above historical averages.

The long-term performance has caught even more attention. New market data shows gold has climbed 953.78 percent over the last three decades, surpassing the S&P 500’s (INDEXSP:.INX) 918.15 percent gain over the same period.

The symbolic victory is fueling renewed interest from investors who once dismissed bullion as a slow, unproductive asset.

The case for strategic exposure has been reinforced by the metal’s resilience during market stress. Gold saw powerful rallies after the dot-com crash and again during the 2008 financial crisis. It smashed records in 2011, and now in 2025 it is trading near US$4,238 per ounce heading into year-end.

Three diverging paths for 2026

The WGC’s outlook sets out three primary macroeconomic paths that could drive gold next year: a moderate slowdown, a deep global downturn, or a reflationary growth outcome tied to US policy success.

Scenario 1: A shallow slip, moderately bullish for gold

If economic momentum cools—particularly in the U.S. labor market—without collapsing outright, investors may rotate further into defensive assets. A pullback in AI-linked equities could intensify market volatility, while softer consumer activity would put more pressure on policymakers to continue loosening monetary settings.

In this environment, the Council says gold could gain 5 to 15 percent. Lower rates and a softer dollar would help, as would ongoing central bank buying and potential new flows from large institutional investors in Asia.

Scenario 2: The “doom loop,” strongly bullish for gold

A darker outcome is also on the table: a synchronized global downturn triggered by escalating geopolitical flashpoints or trade fragmentation.

As confidence falls and economies contract, the Federal Reserve could be forced into deep rate cuts while capital floods into safe havens.

The Council estimates gold could advance 15 to 30 percent under such conditions, powered largely by strong investment demand through gold-backed exchange-traded funds.

The Council notes that ETF holdings have risen by more than 700 tonnes this year, and even including inflows going back to mid-2024, the total remains less than half of what was seen in earlier bull cycles.

Scenario 3: Reflation return, bearish for gold

There is also a non-negligible possibility that President Trump’s fiscal and industrial policies spark stronger-than-expected growth.

In that case, inflation pressures could push the Fed to keep rates elevated, or even raise them again, sending the dollar higher and dampening gold investment appeal.

In this upside-growth scenario, the Council projects a 5 to 20 percent drop in gold prices as investors unwind hedges and rotate into stocks and higher-yielding assets.

US policy looms large over 2026

One major swing factor centers around Trump’s expected nomination of a Federal Reserve chair who favors lower borrowing costs.

At the same time, geopolitical risks tied to US actions have been growing. The administration’s more aggressive posture toward Venezuela and heightened tensions involving China and Russia are adding risk premiums across commodities and supply chains.

These dynamics continue to push global investors toward gold when uncertainty peaks.

The Federal Reserve’s near-term decisions will remain crucial. Markets are currently pricing a high probability of additional rate cuts, even as inflation remains a concern. Each shift in those expectations is likely to reverberate through gold pricing.

Market wildcards

The WGC also took note of two supply-demand forces that sit somewhat outside typical quantitative models but could shape outcomes significantly: official sector buying and recycling flows.

Central banks remain one of the largest demand pillars. Purchases have consistently exceeded pre-pandemic levels in part because emerging-market governments are diversifying away from dollar-exposed reserves.

Gold recycling is another overlooked lever. Despite soaring prices, secondary supply has been muted in 2025, partly because gold is increasingly being used as collateral.

More than 200 tonnes of gold jewelry have been pledged through formal channels this year alone, with anecdotal evidence suggesting similar volumes are tied up informally.

If a severe downturn forces liquidations of gold-backed debt, recycling flows could climb sharply, adding pressure to prices.

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

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Metals One (AIM: MET1, OTCQB: MTOPF), a critical and precious metals exploration and development company, is pleased to announce it has successfully raised gross proceeds of £4.4 million (before expenses) through a placing of new ordinary shares with institutional and sophisticated investors (the ‘Placing’).

The Placing comprises the issue of 220,000,000 new ordinary shares of £0.01 each (‘Placing Shares’) at a price of £0.02 per share. The closing mid-market price on 3 December 2025 was £0.034. The Placing Shares represent approximately 26% of the Company’s existing issued share capital. Due to demand the Placing was upsized to utilise the Company’s total headroom capacity.

Use of Proceeds

The Placing proceeds will be applied primarily to the Lions Bay Resources (‘LBR’) transaction as announced by the Company on 27 November 2025 and general working capital. The Company is in the process of agreeing loan funding with LBR to be applied by LBR towards refurbishing a cogeneration plant (the ‘Plant’) located in South Africa. The Company understands LBR is also in the process of identifying potential mining assets located in South Africa that may suit the intended gold roasting configuration at the Plant. Further announcements will be made by the Company in respect of the LBR transaction in due course.

Subject to receipt of a Competent Person’s Report and the configuration to be adopted, it is expected that the Plant will require approximately US$4.5 million to restart production of steam and power. LBR expects to receive the final Competent Person’s Report for the Plant by mid-December.

Appointment of Joint Broker

Oak Securities is acting as agent for and on behalf of the Company in connection with the Placing and has been appointed as joint broker to the Company with immediate effect.

Total Voting Rights

Application will be made to the London Stock Exchange for the Placing Shares to be admitted to trading on AIM (the ‘Admission’). Admission is expected to occur at 8.00 a.m. on or around 11 December 2025.

Following Admission, the Company’s total issued share capital will consist of 1,059,946,460 ordinary shares with voting rights attached. The Company does not hold any ordinary shares in treasury. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the Company under the FCA’s Disclosure Guidance and Transparency Rules.

Daniel Maling, Managing Director of Metals One, commented:

‘It’s pleasing to see institutional investment support for our Lions Bay Resources gold development strategy in South Africa. Having additional capital ring-fenced to facilitate the buy and build plan will be key during upcoming negotiations and will very well position the Company.

We have a busy period ahead of us and I look forward to providing further updates on our progress in the weeks ahead.’

Enquiries:

Metals One Plc

Daniel Maling, Managing Director

Craig Moulton, Chairman

info@metals-one.com

+44 (0)20 7981 2576

Beaumont Cornish Limited (Nominated Adviser)

James Biddle / Roland Cornish

+44 (0)20 7628 3396

Oak Securities

Jerry Keen / Calvin Man

+44 (0)20 3973 3678

Capital Plus Partners Limited (Joint Broker)

Jonathan Critchley

+44 (0)207 432 0501

Vigo Consulting (Investor Relations)

Ben Simons / Fiona Hetherington / Anna Stacey

IR.MetalsOne@vigoconsulting.com

+44 (0)20 7390 0230


About Metals One

Metals One is pursuing a strategic portfolio of critical and precious metals projects and investments underpinned by the Western World’s urgent need for reliably and responsibly sourced raw materials – and record high gold prices. Metals One’s shares are listed on the London Stock Exchange’s AIM Market (MET1) and on the OTCQB Venture Market in the United States (MTOPF).

Map of Metals One projects/investments

A map of the world with different colored labels AI-generated content may be incorrect.

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Market Abuse Regulation (MAR) Disclosure

The information set out below is provided in accordance with the requirements of Article 19(3) of the Market Abuse Regulations (EU) No. 596/2014 which forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (‘MAR’).

Nominated Adviser

Beaumont Cornish Limited (‘Beaumont Cornish’) is the Company’s Nominated Adviser and is authorised and regulated by the FCA. Beaumont Cornish’s responsibilities as the Company’s Nominated Adviser, including a responsibility to advise and guide the Company on its responsibilities under the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other persons for providing protections afforded to customers of Beaumont Cornish nor for advising them in relation to the proposed arrangements described in this announcement or any matter referred to in it.

Source

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China National Uranium (SHA:601985) surged on its first day of trading in Shenzhen, raising about 4 billion yuan (US$570 million) in its Wednesday (December 3) debut as company shares more than triple in value by the market close.

The state-backed miner priced 248 million shares at 17.89 yuan each, according to an exchange filing. The stock finished the session at 67.99 yuan, catapulting its market value to roughly 141 billion yuan (US$19.9 billion).

Proceeds will be used to expand output at uranium mines and support projects tied to the development and processing of associated radioactive minerals.

The blockbuster listing arrives as China is scaling up nuclear power more aggressively than any other nation.

The global superpower now leads the world in the number of reactors operating or under construction and is positioned to overtake the United States and France as the largest nuclear-energy producers by 2030.

With global momentum shifting back toward atomic power, the US, France and Japan all signaling a push toward tripling nuclear capacity by mid-century, demand for uranium has surged.

Prices have been climbing for the past four years as utilities and miners anticipate a prolonged expansion cycle.

But China’s supply chain still faces a structural gap. Domestic uranium production remains insufficient, forcing the country to depend on imports for more than 70 percent of its fuel requirements.

That reliance has pushed Beijing to shore up upstream resources and secure reliable feedstock for its growing fleet of reactors.

“Natural uranium is a key strategic resource and energy mineral for the country. A safe and stable supply of natural uranium is a foundation for rapid development of nuclear energy,” Chairman Yuan Xu said, according to news agency Xinhua.

“As the national team and main force in safeguarding our country’s natural uranium supply, China National Uranium is a cornerstone and ‘granary’ supporting development of the nuclear energy industry of China.”

China National Uranium mines natural uranium and processes materials including molybdenum and rare earth chlorides used in sectors such as semiconductor production.

The company posted net income of about 1.5 billion yuan (US$212.1 million) in 2024, an increase of roughly 16 percent from the previous year.

The company also owns a 69 percent stake in Namibia’s Rossing mine—one of the world’s largest uranium operations—after acquiring the holding from Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO) in 2019.

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

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1911 Gold Corporation (‘1911 Gold’ or the ‘Company’) (TSXV: AUMB,OTC:AUMBF) (FRA: 2KY) is pleased to announce that it has completed its previously announced ‘best efforts’ LIFE offering (the ‘LIFE Offering’) and private placement (the ‘PP Offering’, and together with the LIFE Offering, the ‘Offering’) for gross proceeds of C$23,001,103, including the exercise in full of the Agents’ Option (as defined in the press release dated November 12, 2025).

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

The Offering was conducted on a ‘best efforts’ basis led by Haywood Securities Inc. (‘Haywood‘) as lead agent and sole bookrunner, and including Velocity Trade Capital Ltd. (together with Haywood, the ‘Agents‘).

The LIFE Offering consisted of the sale of: (i) 8,065,000 ‘Canadian development expenses’ flow-through units (the ‘CDE Offered Units‘) at a price of C$0.992 per CDE Offered Unit (the ‘CDE Issue Price‘); and (ii) 3,418,500 ‘Canadian exploration expenses’ flow-through units (the ‘Tranche 1 CEE LIFE Units‘) at a price of C$1.104 per Tranche 1 CEE LIFE Unit (the ‘Tranche 1 CEE Issue Price‘) for aggregate gross proceeds to the Company from the sale of CDE Offered Units and Tranche 1 CEE LIFE Units of C$11,774,504.

Additionally, the PP Offering consisted of the sale of: (i) 5,000,000 units of the Company (the ‘Non-FT Units‘) at a price of C$0.80 per Non-FT Unit (the ‘Non-FT Issue Price‘); (ii) 2,469,399 ‘Canadian exploration expenses’ flow-through units (the ‘Tranche 1 CEE PP Units‘ and together with the Tranche 1 CEE LIFE Units, the ‘Tranche 1 CEE Units‘) at the Tranche 1 CEE Issue Price; and (iii) 3,472,518 ‘Canadian exploration expenses’ flow-through units (the ‘Tranche 2 CEE Units‘) at a price of C$1.296 per Tranche 2 CEE Unit (the ‘Tranche 2 CEE Issue Price‘) for aggregate gross proceeds to the Company from the sale of the Non-FT Units, Tranche 1 CEE PP Units and Tranche 2 CEE Units of C$11,226,599. The CDE Offered Units, Tranche 1 CEE Units, Tranche 2 CEE Units, and Non-FT Units are referred to herein as the ‘Offered Units‘.

Each CDE Offered Unit consists of one common share issued as a ‘flow-through share’ with respect to ‘Canadian development expenses’ that qualifies as ‘accelerated Canadian development expenses’ (within the meaning of the Tax Act) and one-half of one common share purchase warrant of the Corporation (each whole purchase warrant, a ‘Warrant‘). Each Tranche 1 CEE Unit consists of one common share issued as a ‘flow-through share’ with respect to ‘Canadian exploration expenses’ (within the meaning of Tax Act) and one-half Warrant. Each Tranche 2 CEE Unit consists of one common share issued as a ‘flow-through share’ with respect to ‘Canadian exploration expenses’ (within the meaning of Tax Act) that qualify as ‘flow through mining expenditures’ and that are incurred in the province of Manitoba and qualify for the 30% provincial Manitoba Mineral Exploration Tax Credit and one-half Warrant. Each Non-FT Unit consists of one common share and one-half of one Warrant. Each Warrant entitles the holder to acquire one common share (a ‘Warrant Share‘) at a price per Warrant Share of $1.20 for a period of 24 months from the closing date of the Offering (the ‘Closing Date‘).

The Company, pursuant to the provisions in the Tax Act shall use an amount equal to the gross proceeds of the sale of the Tranche 1 CEE Units to incur qualifying expenditures after the Closing Date and prior to December 31, 2026 in the aggregate amount of not less than the total amount of the gross proceeds raised from the issue of Tranche 1 CEE Units. The Company shall renounce the qualifying expenditures so incurred to the purchasers of the Tranche 1 CEE Units effective on or before December 31, 2025.

The Company, pursuant to the provisions in the Tax Act shall use an amount equal to the gross proceeds of the sale of the Tranche 2 CEE Units to incur qualifying expenditures after the Closing Date and prior to December 31, 2026 in the aggregate amount of not less than the total amount of the gross proceeds raised from the issue of Tranche 2 CEE Units. The Company shall renounce the qualifying expenditures so incurred to the purchasers of the Tranche 2 CEE Units effective on or before December 31, 2025.

The Company, pursuant to the provisions in the Tax Act shall use an amount equal to $2,000,000 of the gross proceeds of the sale of the CDE Offered Units to incur ‘accelerated Canadian development expenses’ after the Closing Date and prior to March 31, 2026 in the aggregate amount of not less than $2,000,000 of the gross proceeds raised from the issue of CDE Offered Units. Additionally, the Company, pursuant to the provisions in the Tax Act shall use an amount equal to the gross proceeds of the sale of the CDE Offered Units, less $2,000,000, to incur ‘accelerated Canadian development expenses’ after the Closing Date and prior to June 30, 2026 in the aggregate amount of not less than the total amount of the gross proceeds raised from the issue of CDE Offered Units, less $2,000,000. The Company shall renounce the qualifying expenditures so incurred to the purchasers of the CDE Offered Units effective on or before March 31, 2026 with respect to $2,000,000 and June 30, 2026 with respect to the remainder of the gross proceeds raised from the issue of CDE Offered Units.

The net proceeds from the sale of the Non-FT Units shall be used for general corporate and working capital purposes.

The CDE Offered Units and Tranche 1 CEE LIFE Units are not subject to resale restrictions pursuant to applicable Canadian securities laws.

The Non-FT Units, Tranche 1 CEE PP Units, and Tranche 2 CEE Units are subject to a hold period in Canada expiring four months and one day from the Closing Date.

In consideration for their services, the Company has paid the Agents a cash commission equal to 6.0% of the gross proceeds from the Offering (subject to a reduction to 3.0% on certain president’s list purchases) and that number of non-transferable compensation options (the ‘Compensation Options‘) as is equal to 6.0% of the aggregate number of Offered Units sold under the Offering (subject to reduction to 3.0% on certain president’s list purchases). Each Compensation Option is exercisable to acquire one common share of the Company at a price of C$0.80 per share for a period of 24 months from the Closing Date, except Compensation Options issued with respect to president’s list purchasers, with such Compensation Options to be exercisable at a price of C$0.80 per Compensation Option Share for a period of nine months from the Closing Date.

The Offered Units were sold to purchasers resident in Canada pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 – Prospectus Exemptions and Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption and to eligible purchasers resident in jurisdictions outside of Canada (including to purchasers resident in the United States pursuant to one or more exemptions from the registration requirements of the United States Securities Act of 1933, as amended), in each case in accordance with all applicable laws. The Offered Units are not subject to any hold period under applicable Canadian securities legislation.

The Offering is subject to final acceptance by the TSX Venture Exchange.

Certain insiders of the Company (within the meaning of the rules and policies of the TSXV) (the ‘Insiders‘) have acquired an aggregate of 12,500 units of the Company in connection with the Offering. The Insider’s participation in the Offering therefore constitutes a ‘related-party transaction’ within the meaning of TSXV Policy 5.9 and Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (‘MI 61-101‘). The Company is relying on exemptions from the formal valuation and minority security holder approval requirements of the related-party rules set out in sections 5.5(a) and 5.7(a) of MI 61-101 as the fair market value of the subject matter of the Offering does not exceed 25% of the market capitalization of the Company. The Company did not file a material change report more than 21 days before the closing of the Offering as the details of the Offering and the participation therein by each ‘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 Offered Units have not been registered and will not be registered under the U.S. Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold in the United States or to U.S. Persons absent registration or an applicable exemption from the registration requirements. 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 State in which such offer, solicitation or sale would be unlawful.

Other Business

Shares-for-Services Transaction

The Company also announces that the TSX Venture Exchange has provided conditional approval for a submission made by the Company in early 2025, to issue an aggregate of 1,500,000 common shares in the capital of the Company to 2743708 Ontario Inc. (the ‘Service Provider‘) at a deemed issue price of $0.20 per common share in satisfaction of an aggregate of $300,000 in obligations due to the Service Provider, in consideration for certain corporate development and advisory services provided by the Service Provider (during 2024 and early 2025) to the Company (the ‘Shares-for-Services Transaction‘). The common shares issued pursuant to the Shares-for-Services Transaction will be subject to a four month hold period under applicable securities laws.

Amendment to Restricted Share Unit Grant

The Company also announces that, further to its press release of October 28, 2025, it has amended the terms of the 300,000 restricted share units (‘RSUs‘) granted to Éric Vinet, such that 100,000 RSUs shall now vest on each of December 1, 2026, December 1, 2027, and December 1, 2028.

About 1911 Gold Corporation

1911 Gold is a junior explorer and developer that holds a highly prospective, consolidated land package totaling more than 61,647 hectares within and adjacent to the Archean Rice Lake greenstone belt in Manitoba, and also owns the True North mine and mill complex at Bissett, Manitoba. 1911 Gold believes its land package is a prime exploration opportunity, with the potential to develop a mining district centred on the True North complex. The Company also owns the Apex project near Snow Lake, Manitoba and the Denton-Keefer project near Timmins, Ontario, and intends to focus on organic growth and accretive acquisition opportunities in North America.

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

ON BEHALF OF THE BOARD OF DIRECTORS

Shaun Heinrichs

President and CEO

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

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

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

Forward-looking statements involve known and unknown risks, future events, conditions, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, prediction, projection, forecast, performance or achievements expressed or implied by the forward-looking statements. All statements that address expectations or projections about the future, including, but not limited to, statements with respect to the terms of the Offering, the use of proceeds of the Offering, the timing and ability of the Company to close the Offering, the timing and ability of the Company to receive necessary regulatory approvals, the tax treatment of the securities issued under the Offering, the timing for the qualifying expenditures to be incurred and to be renounced in favour of the subscribers, and the plans, operations and prospects of the Company, are forward-looking statements.

In making the forward-looking statements included in this news release, the Company have applied several material assumptions, including that the Offering will close on the anticipated terms; that the Company will use the net proceeds of the Offering as anticipated; that the Company will receive all necessary approvals in respect of the Offering; the Company´s financial condition and development plans do not change because of unforeseen events, and management’s ability to execute its business strategy and no unexpected or adverse regulatory changes with respect to the Company’s mineral projects, and that the specific proposals to amend the Tax Act publicly announced on March 3, 2025 by the Minister of Energy and Natural Resources on behalf of the Minister of Finance proposing an amendment to extend the mineral exploration tax credit for investors in flow-through shares until March 31, 2027 will be enacted; as well as statements with respect to the timing and ability for the Company to complete the Shares-for-Services Transaction and the ability of the Company to obtain final approval of the TSX Venture Exchange in respect of the Shares-for-Services Transaction. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of the Company to control or predict, that may cause the Company’s actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein. Although 1911 Gold has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

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

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

SOURCE 1911 Gold Corporation

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/December2025/04/c5300.html

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The suspect who allegedly planted pipe bombs blocks from the U.S. Capitol on January 5, 2021, has been identified as Brian Cole Jr. of Woodbridge, Va., according to two sources briefed on the arrest.

The sources say Cole, 30, is in FBI custody as of Thursday following roughly five years of investigation.

The FBI arrested Cole in northern Virginia. 

Authorities have not released further details about the man, but one federal law enforcement source told Fox that the FBI is carrying out ‘court-enforced activity’ at Cole’s residence.

Authorities discovered the two pipe bombs near the Republican and Democratic National Committees’ headquarters around the same time that thousands of protesters a few blocks away began to storm the Capitol over the 2020 election results.

Neither bomb detonated, but authorities say both were viable and dangerous.

Video footage released by the FBI showed the suspect placing the pipe bombs near the two headquarters more than 16 hours before law enforcement found them.

The suspect was seen wearing a gray hoodie, Nike Air Max Speed Turf sneakers, a mask, glasses and gloves, but Cole’s identity had long been unknown.


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Former Honduran President Juan Orlando Hernández thanked President Donald Trump for pardoning him, writing on social media that he was ‘wrongfully convicted.’

‘My profound gratitude goes to President @realDonaldTrump for having the courage to defend justice at a moment when a weaponized system refused to acknowledge the truth. You reviewed the facts, recognized the injustice, and acted with conviction. You changed my life, sir, and I will never forget it,’ Hernández wrote on X in his first remarks since he was released by the Bureau of Prisons.

‘I was set up by the Biden Harris administration and the deep state through a rigged trial. There was no real evidence, only the accusations of criminals who sought revenge. Yet the truth of my innocence prevailed,’ he said in part.

Hernández was sentenced to 45 years in prison in June 2024 for conspiring to distribute more than 400 tons of cocaine and for related firearms offenses.

Former Attorney General Merrick Garland said the ex-two-term president used his power to support one of the largest and most violent drug trafficking conspiracies in the world.

‘Hernández received millions of dollars of drug money from some of the largest and most violent drug-trafficking organizations in Honduras, Mexico, and elsewhere, and used those bribes to fuel his rise in Honduran politics,’ the Department of Justice said.

Hernández’s brother, Juan Antonio Hernández Alvarado, was also convicted in October 2019 and sentenced to life in prison.

Trump said he pardoned the former Honduran leader because ‘a lot of people in Honduras’ asked him to, adding he feels ‘very good about it.’

‘Well, he was the president, and they had some drugs being sold in their country, and because he was the president, they went after him – that was a Biden horrible witch hunt,’ Trump told reporters Tuesday.

Several GOP lawmakers criticized the pardon amid the White House’s targeting of alleged drug boats off the coast of Venezuela.

Sen. Bill Cassidy, R-La., criticized the decision to pardon Hernández, saying it made little sense to free him while the U.S. continues to pursue Venezuelan President Nicolás Maduro on federal narco-terrorism charges.

Sen. Thom Tillis, R-N.C., also criticized the move in an interview on CNN, saying he couldn’t understand how the U.S. could ‘threaten a potential land war against a thug and a narco-terrorist who plays like he’s the president of Venezuela, and then go easy on someone whose investigation that led to an indictment started in the Trump administration.’


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