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/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES./

Quimbaya Gold Inc. (‘Quimbaya’ or the ‘Company’) (CSE: QIM,OTC:QIMGF) (OTCQB: QIMGF) (FSE: K05) is pleased to announce that it has entered into an agreement with Stifel Canada to act as sole underwriter and bookrunner (the ‘Underwriter’), in connection with a ‘bought deal’ private placement of 14,300,000 units of the Company  (the ‘LIFE Units’) at a price of C$0.70 per LIFE Unit (the ‘Offering Price’) for aggregate gross proceeds of C$10,010,000 (the ‘Offering’), with the LIFE Units to be issued pursuant to the Listed Issuer Financing Exemption (as defined below). 

The Company has granted to the Underwriter an option, exercisable up to 48 hours prior to the closing date, to purchase for resale up to an additional 15% of LIFE Units at the Offering Price for additional gross proceeds of up to C$1,501,500

Each LIFE Unit will consist of one common share (a ‘Common Share‘) and one-half (½) of one Common Share purchase warrant (each whole warrant, a ‘Warrant‘) of the Company. Each Warrant will be exercisable to acquire one Common Share for a period of 36 months following the closing date of the Offering at an exercise price of C$1.00 per common share.

The net proceeds from the Offering are expected to be used to advance the Company’s exploration programs, including drilling at the Tahami South project and follow-up work on regional copper-gold and gold targets, as well as for general working capital.

Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 – Prospectus Exemptions (‘NI 45-106‘), the LIFE Units will be offered for sale to purchasers resident in Canada other than Quebec and/or other qualifying jurisdictions pursuant to the listed issuer financing exemption under Part 5A of NI 45-106 (the ‘Listed Issuer Financing Exemption‘). Because the Offering is being completed pursuant to the Listed Issuer Financing Exemption, the LIFE Units issued pursuant to the Offering will not be subject to a hold period pursuant to applicable Canadian securities laws. There is an offering document related to the Offering that can be accessed under the Company’s issuer profile on SEDAR+ at www.sedarplus.ca and on the Company’s website at quimbayagold.com. Prospective investors should read the offering document before making an investment decision.

The Offering is scheduled to close on or about November 4, 2025 (the ‘Closing Date‘) and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including the acceptance of the Canadian Securities Exchange.

The securities referred to in this news release 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 state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, ‘U.S. Persons’ (as such term is defined in Regulation S under the U.S. Securities Act) absent such registration or an applicable exemption from the registration requirements of the U.S. Securities Act. This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements.

About Quimbaya 

Quimbaya aims to discover gold resources through exploration and acquisition of mining properties in the prolific gold mining districts of Colombia. Managed by an experienced team in the mining sector, Quimbaya is focused on three projects in the regions of Segovia (Tahami Project), Puerto Berrio (Berrio Project), and Abejorral (Maitamac Project), all located in Antioquia Province, Colombia.

Quimbaya Gold Inc.

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Cautionary Statements

Certain statements contained in this press release constitute ‘forward-looking information’ as that term is defined in applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein are forward-looking information. Generally, but not always, forward-looking statements and information can be identified by the use of forward-looking terminology such as ‘intends’, ‘expects’ or ‘anticipates’, or variations of such words and phrases or statements that certain actions, events or results ‘may’, ‘could’, ‘should’, ‘would’ or ‘occur’. Forward-looking statements herein include statements and information regarding the closing of the Offering, Offering’s intended use of proceeds, any exercise of Warrants, the future plans for the Company, including any expectations of growth or market momentum, future expectations for the gold sector generally, the Colombian gold sector more particularly, or how global or local market trends may affect the Company, intended exploration on any of the Company’s properties and any results thereof, the strength of the Company’s mineral property portfolio, the potential discovery and potential size of the discovery of minerals on any property of the Company’s, including Tahami South, the aims and goals of the Company, and other forward-looking information. Forward-looking information by its nature is based on assumptions and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Quimbaya to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. These assumptions include, but are not limited to, that the Company’s exploration and other activities will proceed as expected. The future outcomes that relate to forward-looking statements may be influenced by many factors, including but not limited to: future planned development and other activities on the Company’s mineral properties; an inability to finance the Company; obtaining required permitting on the Company’s mineral properties in a timely manner; any adverse changes to the planned operations of the Company’s mineral properties; failure by the Company for any reason to undertake expected exploration programs; achieving and maintaining favourable relationships with local communities; mineral exploration results that are poorer or better than expected; prices for gold remaining as expected; currency exchange rates remaining as expected; availability of funds for the Company’s projects; prices for energy inputs, labour, materials, supplies and services (including transportation); no labour-related disruptions; no unplanned delays or interruptions in scheduled construction and production; all necessary permits, licenses and regulatory approvals are received in a timely manner; the Offering proceeds being received as anticipated; all requisite regulatory and stock exchange approvals for the Offering are obtained in a timely fashion; investor participation in the Offering; and the Company’s ability to comply with environmental, health and safety laws. Although Quimbaya’s management believes that the assumptions made and the expectations represented by such information are reasonable, there can be no assurance that the forward-looking information will prove to be accurate. Furthermore, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or information. Readers are cautioned not to place undue reliance on forward-looking information as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Forward-looking information contained in this news release is expressly qualified by this cautionary statement. The forward-looking information contained in this news release represents the expectations of Quimbaya as of the date of this news release and, accordingly, is subject to change after such date. Except as required by law, Quimbaya does not expect to update forward-looking statements and information continually as conditions change.

SOURCE Quimbaya Gold Inc.

Cision View original content: http://www.newswire.ca/en/releases/archive/October2025/23/c7762.html

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President Donald Trump called off his meeting in Budapest, Hungary, with Russian President Vladimir Putin because he didn’t see enough progress toward peace — although a future summit hasn’t been ruled out, according to the White House. 

While Trump and Putin spoke over the phone Oct. 16, plans for the meeting were scrapped after Secretary of State Marco Rubio’s call with Russian Foreign Minister Sergey Lavrov Tuesday.

Trump ‘feels as though, unfortunately, from the Russian side as of late, he has not seen enough interest in enough action in terms of moving the ball forward toward peace,’ White House press secretary Karoline Leavitt told reporters Thursday. ‘And so a meeting between these two leaders is not completely off the table. I think the president and the entire administration hopes that one day that can happen again, but we want to make sure that there’s a tangible positive outcome out of that meeting, and that it’s a good use of the president’s time.’ 

Trump also has signaled in recent days that his patience has worn thin with Russia, and his administration slapped stringent sanctions on Russia’s two largest oil companies Wednesday. 

Specifically, the sanctions freeze all U.S.-linked assets from the two companies and bar U.S. citizens from engaging in any business with them. 

In response, Putin called the sanctions an ‘unfriendly act,’ and warned that global oil prices could increase as a result. However, he also said that the sanctions would not majorly impact Moscow’s economy. 

While Trump routinely has said in recent months that he has pleasant conversations with Putin, he’s also voiced frustration at the lack of progress made as he’s sought to mediate an end to the conflict. Trump also said Tuesday that he didn’t want to have a ‘wasted meeting’ with Putin in Hungary. 

‘The president wants to see action, not just talk,’ Leavitt said. ‘And I think the president is extremely motivated by the success of his peace deal in the Middle East to get things done, and he wants this war to come to an end. He’s been saying it now for nine months, being in office, and he’s grown increasingly frustrated with the lack of progress from both sides of this war.’ 

Trump met with Ukrainian President Volodymyr Zelenskyy Friday, and NATO Secretary-General Mark Rutte Wednesday to address ongoing negotiations to end the conflict. 

On Wednesday, Trump told reporters the meeting with Putin ‘didn’t feel right,’ and explained why he wasn’t interested in arming Ukraine with Tomahawk missiles like he’d previously suggested he might. 

‘There is a tremendous learning curve with the Tomahawk. It’s a very powerful weapon, very accurate weapon,’ Trump said Wednesday. ‘And maybe that’s what makes it so complex. But it will take a year. It takes a year of intense training to learn how to use it, and we know how to use it. And we’re not going to be teaching other people. It will be just too far out into the future.’

Meanwhile, Trump has voiced skepticism recently about whether Ukraine can win against Russia.

‘They could still win it. I don’t think they will, but they could still win it,’ Trump told reporters Monday.

The Associated Press contributed to this report. 


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Mayor Eric Adams formally endorsed former Gov. Andrew Cuomo to replace him as the next mayor of New York City on Thursday, less than one month after Adams suspended his re-election campaign.

The endorsement followed Wednesday night’s final mayoral debate, where Cuomo, who is running as an Independent, faced off against Democratic nominee Zohran Mamdani and Republican candidate Curtis Sliwa. Rather than speak to reporters after the debate, Cuomo dashed off to Madison Square Garden to watch the end of the New York Knicks game courtside with Adams.

‘I’m fighting for the family of New York,’ Adams said. ‘That’s why I’m here today, to endorse Andrew Cuomo, to be part of this fight, and I’m going to give him my all these next few days to make sure that Black and Brown communities, specifically, who have believed there’s nothing at stake in this election for them. It is.’

‘Am I angry that I’m not the one taking down Zohran, the socialist and the communist?’ Adams said, eliciting President Donald Trump’s moniker for Mamdani. ‘You’re darn right I am. But, you know what, the city means more to me than anything, and it is time for us as a family to come together.’

‘Today confirms what we’ve long known: Andrew Cuomo is running for Eric Adams’ second term,’ Mamdani said in a statement Thursday. ‘It’s no surprise to see two men who share an affinity for corruption and Trump capitulation align themselves at the behest of the billionaire class and the president himself. We are going to turn the page on the politics of big money and small ideas that these two disgraced executives embody and build a city every New Yorker can afford.’

Mamdani reiterated his criticism of the endorsement during a campaign event in Manhattan on Thursday.

‘We also know that this is the art of the deal,’ Mamdani said before adding, ‘We know that in a moment when New Yorkers are looking for an answer to the authoritarianism that we’re seeing from Washington, D.C., they don’t want the continuation of making City Hall into an embassy of that same administration.’

Adams has aligned with Trump since he was elected in November, visiting both Mar-a-Lago and the White House. Trump’s Justice Department dropped bribery, wire fraud and conspiracy charges against Adams earlier this year. 

Gov. Kathy Hochul, D-N.Y., weighed removing Adams from office following a slew of City Hall resignations after Adams’ case was dropped. Hochul has since endorsed Mamdani’s campaign, although Mamdani has yet to endorse Hochul’s re-election campaign. 

Pressure had been mounting since Mamdani won the Democratic primary for Adams or Cuomo to drop out of the race to consolidate support against Mamdani.

‘The mayor put his own personal ambition and ego aside to make sure he’s doing everything he can to make sure that New York remains New York,’ Cuomo said Thursday.

Adams announced he was suspending his campaign in a video on Sunday, Sept. 28, prompting the leading mayoral candidates to sharpen their political jabs against each other.

Similar pressure from billionaires, including Red Apple Media CEO John Catsimatidis and hedge fund CEO Bill Ackman, has intensified this week for Sliwa to drop out of the race in order to clear a pathway to victory for Cuomo.

The Democratic nominee, who handily defeated Cuomo in the primary, elicited Adams’ own words against the former governor in the days after he suspended his re-election campaign.

‘Even hearing Eric Adams, the way that he described Andrew Cuomo as a snake and a liar, is something that I’ve heard from a number of New Yorkers in wanting to turn that page,’ Mamdani said.

While Adams and Cuomo have had their fair share of disagreements, the Democrats agreed on Thursday that Mamdani should not become the next mayor of New York City. Adams addressed his own criticism of Adams during the announcement Thursday. 

‘He called me names. But you know what? Now it’s time to fight for the family, and I’m going to fight for the family with Andrew Cuomo as the next mayor of the city of New York,’ Adams said. 

The latest Fox News survey, conducted Oct. 10-14, ahead of the first general election debate last week, revealed that Mamdani has a substantial lead in the race. According to the poll, Mamdani has a 21-point lead among New York City registered voters with 49% of voters backing Mamdani, while 28% go for Cuomo and 13% favor Sliwa.

Mamdani also rose above the 50% threshold among likely voters, garnering 52% support, while Cuomo picked up 28%, and Sliwa received just 14%.

But as Mamdani, ever the social media-savvy candidate, warned his followers on Wednesday, it was Cuomo who was the favorite to win the nomination just weeks before the Democratic primary.

By consolidating support with New York City Comptroller Brad Lander, and cross-endorsing each other to topple Cuomo through ranked-choice voting, Mamdani pulled off the political upset that has since landed him on the national stage.


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President Donald Trump is ‘not interested’ in making peace with Colombian President Gustavo Petro, the White House said Thursday, as tensions between Washington and Bogotá continue to escalate.

‘I don’t think we’re seeing de-escalation from the unhinged leader of Colombia right now,’ press secretary Karoline Leavitt told reporters during a White House briefing when asked what Petro could do to reduce tensions.

‘I don’t think the president, frankly, is interested in that at this point,’ Leavitt added.

Relations between the two countries have sharply deteriorated after Petro accused the U.S. of killing innocent fishermen during strikes targeting narco-traffickers in the Caribbean.

Following Petro’s accusation, Trump announced plans to cut off all counter-narcotics aid to Colombia and impose new tariffs on the country.

Trump lashed out at his South American counterpart, calling him a ‘thug’ who is ‘making a lot of drugs.’

‘They’re doing very poorly, Colombia. They make cocaine. They have cocaine factories … and he better watch it or we’ll take very serious action against him and his country,’ Trump said. ‘What he has led his country into is a death trap.’

Petro fired back, threatening to sue Trump in U.S. court.

‘From the slanders that have been cast against me in the territory of the United States by high-ranking officials, I will defend myself judicially with American lawyers in the American justice system,’ Petro wrote on X. ‘I will always stand against genocides and murders by those in power in the Caribbean.’

‘When our help is required to fight against drug trafficking, American society will have it. We will fight against the drug traffickers with the states that want our help,’ he added.

Petro has sought closer ties with Venezuelan dictator Nicolás Maduro while distancing Colombia — a major non-NATO ally — from the United States.

Meanwhile, the U.S. has conducted eight strikes on vessels believed to be transporting narcotics from Latin America. The world is now watching to see whether Trump will follow through on threats to strike Venezuelan soil — or even target Maduro himself, directly or indirectly.

Trump confirmed that he had authorized the CIA to conduct covert operations inside Venezuela and also warned Colombia could face similar consequences.

‘Petro, a low rated and very unpopular leader, with a fresh mouth toward America, better close up these killing fields immediately,’ Trump wrote on Truth Social, ‘or the United States will close them up for him, and it won’t be done nicely.’

In a statement to Fox News Digital, the Colombian Embassy in Washington sought to ease tensions, saying the U.S. representative in Bogotá recently met with Petro and that ‘both sides agreed to continue dialogue in a spirit of cooperation and mutual respect. The meeting reaffirmed the shared commitment towards efforts against illicit drug trafficking, grounded in accuracy, coordination, and security.’


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Former Special Counsel Jack Smith is requesting to testify in open, public hearings before the House and Senate Judiciary Committees, Fox News Digital has learned.

Fox News Digital exclusively obtained a letter Smith’s attorneys sent to House Judiciary Committee Chairman Jim Jordan and Senate Judiciary Committee Chairman Chuck Grassley Thursday afternoon, after both panels signaled interest in testimony from the former special counsel.

‘Given the many mischaracterizations of Mr. Smith’s investigation into President Trump’s alleged mishandling of classified documents and role in attempting to overturn the results of the 2020 election, Mr. Smith respectfully requests the opportunity to testify in open hearings before the House and Senate Judiciary Committees,’ Smith attorneys Lanny Breuer and Peter Koski wrote.

‘During the investigation of President Trump, Mr. Smith steadfastly adhered to established legal standards and Department of Justice guidelines, consistent with his approach throughout his career as a dedicated public servant,’ they wrote.

‘He is prepared to answer questions about the Special Counsel’s investigation and prosecution, but requires assurance from the Department of Justice that he will not be punished for doing so,’ they continued. ‘To that end, Mr. Smith needs guidance from the Department of Justice regarding federal grand jury secrecy requirements and authorization on the matters he may speak to regarding, among other things, Volume II of the Final Report of the Special Counsel, which is not publicly available.’

Smith’s attorneys also noted that in order to provide ‘full and accurate answers to your questions, Mr. Smith requires access to the Special Counsel files, which he no longer has the ability to access.’

‘With the guidance and access described above, Mr. Smith is available to testify in an open hearing at your earliest convenience,’ they wrote.

A source familiar told Fox News Digital that Smith’s attorneys are planning to officially seek guidance from the Department of Justice on the matter.

The letter from Smith’s attorneys comes after Jordan, R-Ohio, requested Smith appear for a closed-door transcribed interview and provide all records from his work related to President Donald Trump.

The letter also comes after Grassley, R-Iowa, and nearly two dozen Senate Republicans demanded that the Department of Justice and FBI release documents on Smith’s decision to subpoena telecommunications companies for phone records of a number of Senate Republicans during his probe into Jan. 6, 2021.

Fox News Digital exclusively reported earlier in October that Smith tracked the private communications and phone calls of GOP Sens. Lindsey Graham of South Carolina, Marsha Blackburn of Tennessee, Ron Johnson of Wisconsin, Josh Hawley of Missouri, Cynthia Lummis of Wyoming, Bill Hagerty of Tennessee, Dan Sullivan of Alaska, Tommy Tuberville of Alabama and GOP Rep. Mike Kelly of Pennsylvania as part of his ‘Arctic Frost’ investigation.

An official said the records were collected in 2023 by Smith and his team after subpoenaing major telephone providers. 

An FBI official told Fox News Digital that Smith and his team tracking the senators were able to see which phone numbers they called, the location the phone call originated and the location where it was received.

A source said the calls were likely in reference to the vote to certify the 2020 election. 

Smith, though, called his decision to subpoena several Republican lawmakers’ phone records ‘entirely proper’ and consistent with Justice Department policy.

‘As described by various Senators, the toll data collection was narrowly tailored and limited to the four days from January 4, 2021 to January 7, 2021, with a focus on telephonic activity during the period immediately surrounding the January 6 riots at the U.S. Capitol,’ Smith’s lawyers wrote Tuesday to Grassley. 

Smith was appointed special counsel by Attorney General Merrick Garland in November 2022.

Smith, after months of investigating, charged Trump in the U.S. District Court for Washington, D.C., in his 2020 election case, but after Trump was elected president, Smith sought to dismiss the case. Judge Tanya Chutkan granted that request. 

Smith’s case cost taxpayers more than $50 million. 

‘Jack Smith certainly has a lot of answering to do, but first, Congress needs to have all the facts at its disposal,’ Grassley told Fox News Digital Thursday. ‘Hearings should follow once the investigative foundation has been firmly set, which is why I’m actively working with the DOJ and FBI to collect all relevant records that Mr. Smith has had years to become familiar with.’

Fox News Digital reached out to Jordan for comment and has yet to receive a reply. 

Fox News’ Ashley Oliver contributed to this report. 


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Sun Summit Minerals Corp. (TSXV: SMN,OTC:SMREF) (OTCQB: SMREF) (‘Sun Summit’ or the ‘Company’) is pleased to announce that it will be attending and presenting at the 51st Annual New Orleans Investment Conference, taking place November 2–5, 2025 at the Hilton New Orleans Riverside.

Niel Marotta, CEO and Director, will host a Sunrise Session presentation on Tuesday, November 4 at 7:15 AM (Churchill B2), where he will share updates on the Company’s flagship JD Project in British Columbia’s Toodoggone District, following the completion of a successful 2025 exploration season.

Space is limited. Investors are invited to RSVP by October 31 to info@sunsummitminerals.com, and to visit Sun Summit at Booth #229 throughout the conference.

The New Orleans Investment Conference brings together leading analysts, newsletter writers, and investors to discuss emerging opportunities across all major asset classes. Register today at https://neworleansconference.com/online-registration/.

About the JD Project

The JD Project is located in the Toodoggone mining district in north-central British Columbia, a highly prospective deposit-rich mineral trend. The project covers an area of over 15,000 hectares and is in close proximity to active exploration and development projects, such as Thesis Gold’s Lawyers and Ranch projects, TDG Gold’s Baker-Shasta projects, Amarc Resource’s AuRORA project, Centerra’s Gold’s Kemess East and Underground projects, as well as the past-producing Kemess open pit copper-gold mine.

The project is 450 kilometres northwest of the city of Prince George, and 25 kilometres north of the Sturdee airstrip. It is proximal to existing infrastructure in place to support the past-producing Kemess mine, including roads and a hydroelectric power line.

The JD Project is in a favourable geological environment characterized by both high-grade epithermal gold and silver mineralization, as well as porphyry-related copper and gold mineralization. Some historical exploration, including drilling, geochemistry and geophysics, has been carried out on the property, however the project area is largely underexplored.

About Sun Summit

Sun Summit Minerals (TSXV: SMN,OTC:SMREF) (OTCQB: SMREF) is a mineral exploration company focused on the discovery, expansion and advancement of district-scale gold and copper assets in British Columbia. The Company’s diverse portfolio includes its flagship JD Project and the nearby Theory Project in the Toodoggone region of north-central B.C., as well as the Buck Project in central B.C.

Further details are available at www.sunsummitminerals.com.

On behalf of the board of directors

Niel Marotta
Chief Executive Officer & Director
info@sunsummitminerals.com

For further information, contact:

Matthew Benedetto, Simone Capital
mbenedetto@simonecapital.ca
Tel. 416-817-1226

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

Forward-Looking Statements

Statements contained in this news release that are not historical in nature may be ‘forward-looking information’ within the meaning of applicable Canadian securities legislation (‘forward-looking statements ‘), which involve risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements, by their nature, require Sun Summit to make certain assumptions and necessarily involve known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied in these forward-looking statements. Forward-looking statements are not guarantees of performance. Words such as ‘may’, ‘will’, ‘would’, ‘could’, ‘expect’, ‘believe’, ‘plan’, ‘anticipate’, ‘intend’, ‘estimate’, ‘continue’, ‘objective’, ‘strategy’, or the negative or comparable terminology, as well as terms usually used in the future and the conditional, are intended to identify forward-looking statements. Information contained in forward-looking statements is based upon certain material assumptions that were applied in drawing a conclusion or making a forecast or projection, including the assumptions, qualifications, limitations or statements relating to the pending results of the drill holes, the success of the exploration program, the impressive results of the drill campaign, the ability of exploration activities (including drilling) to accurately predict mineralization, future drill programs and high-priority targets, our timing and ability to receive assay results, the reliability of historical information that cannot be independently verified by Sun Summit, interests in the JD Project, errors in geological modelling, and the adjacent properties having any significance to the projects in which Sun Summit has an interest. There is significant risk that the forward-looking statements will not prove to be accurate, that the management’s assumptions may not be correct and that actual results may differ materially from such forward-looking statements. These forward-looking statements are based on a number of assumptions which may prove to be incorrect which, without limiting the generality of the following, include: the Company’s ability to obtain assay results for the completed drill program; the anticipated results varying from current indications, including the already released drill results; risks inherent in exploration activities; volatility and sensitivity to market prices; volatility and sensitivity to capital market fluctuations; and fluctuations in metal prices. Accordingly, readers should not place undue reliance on the forward-looking statements. The forward-looking statements contained in this news release are made as of the date hereof or the dates specifically referenced in this news release, where applicable. Except as required by applicable securities laws and regulation, Sun Summit disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. All forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/271649

News Provided by Newsfile via QuoteMedia

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While New York City Democratic mayoral nominee Zohran Mamdani admitted he would rank his Republican opponent Curtis Sliwa second if the general election used ranked-choice voting, Sliwa said Mamdani is going to ‘regret ever knowing the name Curtis Sliwa’ if the socialist candidate is elected. 

After Mamdani admitted he would rank Sliwa second in the spin room following Wednesday’s debate, Fox News Digital asked Sliwa if he would be willing to collaborate with Mamdani and help his administration if the 34-year-old assemblyman is elected mayor in less than two weeks. 

‘The only thing I would do if, God forbid, Zohran Mandami was the choice of the people, and we will leave it up to them, is I will organize resistance because I will improve. I will not move. Zohran Mamdani could bet that I will be his worst nightmare,’ Sliwa said. 

Sliwa said that unlike former Gov. Andrew Cuomo, who is running as an independent candidate after losing the Democratic primary to Mamdani in June, the founder and CEO of the Guardian Angels, isn’t going anywhere. 

‘Because, unlike Andrew Cuomo with his billionaire friends in the Hamptons, who said, ‘Oh, if Zohran’s elected, I’m fleeing to Florida,’ I’m not going anywhere. I was born in New York. They tried to kill me in New York. I’ll die in New York. I’ll be buried in New York,’ Sliwa confirmed.

‘If somehow Zohran Mandami is elected by the people, boy, he is gonna regret ever knowing the name of Curtis Sliwa because I’m gonna be on his case 24 hours a day,’ Sliwa said.

Sliwa also compared Mamdani to Pinocchio, but instead of his nose growing, ‘his smile just gets bigger and bigger and bigger.’

‘That’s how you know that Zohran Mamdani is telling another lie, another whopper, fantasy, rather than reality,’ Sliwa said, referencing Mamdani’s near-constant smile. 

When asked if Mamdani regretted his answer about ranking Sliwa second if the general election had ranked-choice voting, the Democratic socialist doubled down on his response. 

‘I believe it’s important to rank those who actually love New York City, and there was only one other candidate on that stage who seems to love this city,’ Mamdani said, in an apparent jab at Cuomo. 

With less than two weeks until Election Day, Mamdani and Sliwa have landed on unlikely common ground by rejecting billionaire influence in the New York City mayoral election.

Two billionaires, Red Apple Media CEO John Catsimatidis and hedge fund CEO Bill Ackman, have called on Sliwa to drop out of the mayoral race in order to clear a pathway to victory for Cuomo. 

‘The billionaires can conspire to pick their candidate,’ Sliwa said during a press conference in Manhattan on Monday. ‘I trust the people. They will make the decision. I will not drop out.’

Several blocks downtown at his own press conference Monday morning, Mamdani admitted his surprise at agreeing with Sliwa. 

‘I never thought I would say this, but here we are, where the only candidates who agree that billionaires shouldn’t control the future of this city are the Republican nominee and the Democratic nominee,’ Mamdani said. 

A recent Fox News survey of the mayoral race, conducted Oct. 10–14, asked voters about their second-choice candidate. If both Adams and Sliwa are out, the results show Mamdani keeping a significant lead, even as support for Cuomo increases. 

With Sliwa out, the poll found Mamdani would pick up 50% compared to 37% for Cuomo. But Sliwa has maintained for weeks that he has no intention of ending his mayoral campaign.

New York City mayoral contenders relentlessly criticized their opponents as they made their final pitch to voters Wednesday night in the last debate at LaGuardia Community College in Long Island City before early voting starts Saturday. 

Election Day is coming up on Nov. 4, and with Mayor Eric Adams suspending his re-election campaign last month, New Yorkers are set to elect a new mayor to lead the city. 


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Democrats blocked a Republican-led attempt to provide essential government workers with paychecks amid an ongoing, 23-day shutdown, calling the bill overly selective and incomplete.

That bill, proposed by Sens. Ron Johnson, R-Wis., and Todd Young, R-Ind., failed in a 54-45 vote, where 60 votes were needed to advance the bill over the threat of a filibuster.

Only three Democrats, John Fetterman of Pennsylvania, and Raphael Warnock and Jon Ossoff of Georgia, voted with Republicans. 

In addition to compensating federal employees and military personnel during the current shutdown, the bill would also extend relief to future instances where funding bills aren’t in effect. 

‘For fiscal year 2026, and any fiscal year thereafter, there are appropriated such sums as are necessary to provide standard rates of pay, allowances, pay differentials, benefits, and other payments on a regular basis to excepted employees,’ the bill reads.

Johnson had pitched his bill as a long-term solution.

‘I just hope, on a nonpartisan basis, we do something that makes sense around here for once,’ Johnson said ahead of the bill’s consideration. 

‘With Democrats continuing the Schumer Shutdown, they should at least agree to pay all the federal employees that are forced to continue working. The 2025 Shutdown Fairness Act is a permanent fix that will ensure excepted workers and our troops are paid during a shutdown,’ Johnson said.

Other Republicans blasted Democrats for voting against the bill.

‘It means Democrats don’t care,’ Sen. John Cornyn, R-Texas, said. ‘We know this is going to end sometime. The question is when. I guess it will depend on how much carnage the Democrats want to create. To me, they are in a box canyon, and they can’t figure out how to get out.’ 

Essential federal employees have been asked to continue working since the government entered a shutdown on Oct. 1 after lawmakers failed to pass spending legislation to begin the 2026 fiscal year. Republicans have advanced a short-term spending extension that would open the government through Nov. 21. Democrats have repeatedly rejected that proposal though, demanding that Congress first consider an extension to expiring COVID-19-era supplemental funding for Obamacare health insurance subsidies. 

Republicans, who maintain that the health insurance subsidies are unrelated to the government’s short-term funding needs, have rejected those demands out of hand.

Democrats in the Senate have voted 12 times to defeat the stopgap bill. 

The shutdown looks poised to continue with no resolution in sight, prompting lawmakers to worry about key areas that are feeling the shutdown’s effects more acutely. The Johnson-Young supplemental package was the most recent attempt to provide a limited basis for relieving some of that pain.

Ahead of Thursday’s vote, Republicans in the House of Representatives appeared open to considering the Johnson-Young bill.

House Speaker Mike Johnson, R-La., told House Republicans during a lawmaker-only call on Tuesday that his chamber would be ‘prepared to act’ if the bill passed the Senate, Fox News Digital was told. Johnson has repeatedly said he would give lawmakers 48 hours’ notice to return to Washington before any votes but has largely signaled he will keep the House out of session until Senate Democrats pass the GOP’s funding bill.

Johnson also said on the call that he was skeptical the bill would get enough Senate Democratic support to pass.

‘If they oppose the Ron Johnson bill in the Senate, it will be absolutely clear that they are simply using the military and air traffic control and law enforcement and all these other personnel as pawns for their political efforts,’ Johnson said, Fox News Digital was told.

But other lawmakers had hesitations about partially reopening the government, offering relief to some workers and not others. That was the concern of Sen. Richard Blumenthal, D-Conn., ahead of Thursday’s vote.

‘I have a concern about picking and choosing among all the federal workers,’ Blumenthal said.

‘I’m fine to support it. I think we need to pay our military, but I want to define and limit it in a way that provides pay to essential workers who serve our public safety and our national defense,’ Blumenthal said.

Blumenthal voted against the measure.

Democrats in the House of Representatives signaled similar lines of opposition to the idea behind the Johnson-Young bill. 

‘It’s not legislation that I support, because it appears to be more like a political ploy to pick and choose, giving Donald Trump discretion [over] which employees should be compensated, and which employees should not be compensated. All employees should be compensated and that will happen when we reopen the government,’ House Minority Leader Hakeem Jeffries, D-N.Y., told reporters on Monday.

Senate Democrats also defeated other pieces of legislation that would open portions of the government. Last week, Democrats in the Senate voted against a 2026 defense spending bill ­— one of the 12 year-long bills normally used to fund the government.

Aside from the Johnson-Young bill, the Senate will not consider other pieces of spending legislation on Thursday. Senators are scheduled to leave Washington, D.C., on Thursday and will return at the beginning of next week.


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Millions of Americans who rely on federal food benefits could be among the next casualties of the ongoing government shutdown. 

Approximately 42 million people in the U.S. who use the Supplemental Nutrition Assistance Program (SNAP) are in danger of not receiving aid come Nov. 1, when the program’s funds are expected to run dry, the U.S. Department of Agriculture (USDA) warned state agencies in a memo obtained by Fox News Digital on Thursday.

More than two dozen states have alerted residents to possible lapses in funding. Virginia Gov. Glenn Youngkin declared a state of emergency over SNAP benefits on Thursday.

‘It requires about $8 billion each month to fund SNAP benefits nationwide. When there’s no funding it impacts not just pockets of people, but it’s going to impact people all around the country,’ said Rev. Eugene Cho, president and CEO of Bread for the World, a nonprofit hunger advocacy group that works with local partners to educate recipients about access to food.

Cho explained to Fox News Digital that some states will feel the drying up government funding more than others.

‘Yes, funding comes from the federal government, but the administration of it happens through local states,’ he said. ‘And so, when it comes to SNAP, states are on a little bit of a different rhythm in terms of how they’re conveying the reduction or the elimination of SNAP benefits. It is playing out a little bit differently from state to state.’ 

The longer the shutdown goes on, the less funding also becomes available for the Women, Infants and Children (WIC) nutrition program, which helps nearly 7 million vulnerable pregnant women and children under age 5.

It could pose a political headache for Democrats who have resisted agreeing to Republicans’ federal funding plan for over a month, demanding significant concessions on healthcare in exchange for their support.

‘We are approaching an inflection point for Senate Democrats. Continue to hold out for healthcare for illegals or reopen the government so mothers, babies, and the most vulnerable among us can receive timely WIC and SNAP allotments,’ a USDA spokesperson told Fox News Digital.

The House passed a seven-week extension of FY2025 funding largely along partisan lines on Sept. 19. The measure, a continuing resolution (CR), is aimed at giving lawmakers more time to strike a longer-term deal for FY2026.

But in the Senate, where several more Democrats are needed to break a filibuster than have been voting for it, progress has stalled, with the legislation having failed 12 times already.

Democrats are demanding that any spending plan be paired with an extension of enhanced Obamacare subsidies that are set to expire at the end of 2025.

They have also called for Republicans to repeal the Medicaid cuts made in their One Big, Beautiful Bill Act (OBBBA) earlier this year.

‘Millions of American families are about to lose access to food assistance because Democrats are openly admitting to being afraid of their far-left base and refuse to reopen the government,’ House Agriculture Committee Chair Glenn Thompson, R-Pa., told Fox News Digital.

Thompson’s panel has jurisdiction over SNAP in the House.

‘We need to reopen the government, so we can put Americans first by making sure families can put food on the table and our farmers are supported,’ he said.

Democrats could also be faced with the political quagmire of having previously railed against Republicans moving to expand SNAP work requirements in the OBBBA, to now be blamed by the right for federal food benefits drying up.

The Trump administration does have some power to move existing funding around to help cover shortages during the shutdown. The White House moved research and development funding at the Pentagon to cover active duty military paychecks on Oct. 15 and reallocated some $300 million from tariff revenues for WIC earlier this month.

But any such fix would be temporary, as the two aforementioned adjustments have been.

When reached for comment about the administration’s SNAP warning, the top Democrat on the House Agriculture Committee told Fox News Digital that USDA needed to tap into the government’s emergency SNAP reserves.

‘It’s time the administration do right by seniors, children and veterans and utilize the SNAP contingency fund to ensure benefits can be provided for November,’ ranking member Rep. Angie Craig, D-Minn., said.

The SNAP contingency fund currently has some $5 billion — not enough for an entire month’s worth of service.

House Minority Leader Hakeem Jeffries, D-N.Y., told reporters Thursday that he believed the White House would tap into that funding, however.

‘As has been the case in prior government shutdowns, the money can be found by the administration if they chose to do so. In fact, there’s about $5 billion available in a contingency fund for emergency circumstances just like this,’ Jeffries said. ‘But the administration refuses to agree to use it. Why? Because they want to starve the American people as part of their continuing effort to visit cruelty on everyday Americans.’


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A newly released State of CleanAI report from the Toronto-based CleanAI Initiative delivers a compelling snapshot of a sector quietly revolutionizing the clean economy transition. This sector is the application of artificial intelligence (AI) to climate solutions, collectively known as cleanAI.

The report points to a niche subsector that merges AI and sustainability moving rapidly from niche to mainstream, with venture capital funding surpassing US$50 billion since 2020.

This milestone is particularly notable given that the broader cleantech sector has experienced a slowdown. Instead, cleanAI shows robust growth, accounting for 10 percent of global AI venture funding.

The United States leads by a significant margin, accounting for roughly 60 percent of total investments at over US$30 billion during the time measured. Sweden, Germany, China and Canada follow with investment totals ranging between US$2 billion and US$5 billion.

For Canadian investors and innovators, cleanAI represents a substantial area of growth, with over 155 deals to date indicating a vibrant and expanding market.

The forecast is equally optimistic. CleanAI investments are on pace to surpass US$60 billion by 2026, signaling increasing investor confidence in AI’s role as a force multiplier for climate action. These markets represent multi-trillion-dollar opportunities extending over decades, where AI not only facilitates efficiencies but can also unlock entirely new pathways for sustainability.

The scope and impact of cleanAI technologies

The report identifies six main cleanAI application sectors:

  • Energy and Power, using AI to optimize renewables, grid flexibility, storage and green hydrogen.
  • Materials and Chemicals, featuring AI for process optimization, material discovery, carbon-to-fuel and R&D. This was projected to be the fastest-growing category.
  • Agriculture and Food, using AI to boost sustainable yields through regenerative agriculture, soil carbon measurement, biofertilizers and plant-based protein.
  • Transportation and Logistics, optimizing EV fleets, shipping, charging infrastructure and sustainable sourcing through AI.
  • Resources and Environmental Management, improving carbon capture, water efficiency, environmental quantification, traceability and the circular economy.
  • Waste and Recycling, using emerging AI solutions for smart sorting, reuse monitoring, and traceability, aim to increase recycling and reduce landfills.

Investment trends: Energy power leads, materials and chemicals rising

The report found that energy and power technologies dominate, garnering about 51 percent of total cleanAI investments year-to-date in 2025, driven by pressing decarbonization needs and the maturity of AI-enabled grid and energy solutions.

Materials and chemicals applications represent the fastest-growing portion of the investment pie, capturing investor interest through advancements in industrial efficiency and materials science enhanced by AI.

The report notes that 2025 has already been marked by several mega-deals, particularly in energy, power and materials chemicals.

Conversely, agriculture and food have seen a decline from their 2021 peak in funding, while the waste and recycling segment is just beginning to attract meaningful venture capital.

Notably, about 30 percent of investors participating in these rounds are corporate venture capital arms, such as Toshiba (TYO:6502), Mitsubishi (OTC Pink:MIMTF) and Samsung (HKEX:2814).

Challenges and key themes

Despite the progress, the report highlights several challenges for scaling cleanAI. A top concern is the increasing energy consumption of AI technologies themselves, which could counteract their climate benefits if not managed carefully.

However, the potential net gains from AI-driven efficiency improvements across sectors suggest the overall climate impact of cleanAI remains very positive.

Another major barrier is “siloed expertise”, meaning that few investors and innovators possess the combined skill set that marries deep AI knowledge with climate science. The authors note tht this limits capital flows and impedes cross-domain collaboration, underlining the need for integrated approaches to innovation in this space.

The rapid evolution of AI tools adds complexity to the cleanAI market, making strategic insight and careful navigation essential for investors and companies alike.

The future: mainstreaming cleanAI

The CleanAI Initiative’s report portrays a sector at a point where momentum from venture capital, corporate partnerships, and technology converge to accelerate the transition to a clean economy.

For investors, cleanAI offers multi-layered opportunities, from early-stage startups to corporate venture capital targeting strategic growth. The multi-trillion-dollar markets implicated suggest that CleanAI could continue to be a critical component of investment strategies focused on sustainability and technology leadership.

For investors seeking to align returns with impact, cleanAI offers a compelling and increasingly accessible frontier.

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

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