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Crypto Market Recap: Bitcoin Hashrate Drops, Coinbase Shares Hit New All-time High

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Here’s a quick recap of the crypto landscape for Wednesday (June 25) as of 9:00 p.m. UTC.

Get the latest insights on Bitcoin, Ethereum and altcoins, along with a round-up of key cryptocurrency market news.

Bitcoin and Ethereum price update

Bitcoin (BTC) is priced at US$107,736, an increase of two percent in the last 24 hours. The day’s range for the cryptocurrency brought a low of US$107,027 and a high of US$108,116.

Bitcoin price performance, June 23, 2025.

Bitcoin price performance, June 23, 2025.

Chart via TradingView.

Ethereum (ETH) closed at US$2,432.58, trading flat over the past 24 hours. Its lowest valuation on Wednesday was US$2,403.59, and its highest valuation was US$2,441.16 at the opening bell.

Altcoin price update

  • Solana (SOL) was priced at US$144.38, down 0.6 percent over 24 hours. Its highest valuation on Wednesday was US$147.61, and its lowest was US$143.28.
  • XRP was trading for US$2.20 as markets wrapped, down by 0.3 percent in 24 hours. The cryptocurrency’s highest valuation was US$2.23, and its lowest price on Wednesday was US$2.18.
  • Sui (SUI) is trading at US$2.76, showing an increaseof 0.1 percent over the past 24 hours. Its lowest valuation was US$2.73, and its highest valuation was US$2.84.
  • Cardano (ADA) is priced at US$0.5709, down by 1.9 percent in 24 hours. Its highest valuation on Wednesday was US$0.5838, and its lowest was US$0.5678.

Today’s crypto news to know

Trump Media’s Bitcoin-Ethereum ETF gains NYSE support

The New York Stock Exchange (NYSE) has formally submitted a rule change to the US Securities and Exchange Commission (SEC) to allow the listing of the Truth Social Bitcoin and Ethereum ETF.

The dual-asset exchange-traded fund (ETF), which is backed by Donald Trump’s media company, would be held in a 3:1 BTC to ETH ratio, is to be custodied and executed by Crypto.com. The rule change was filed under the SEC’s 19b-4 process, signaling the NYSE’s commitment to fast-track the listing pending regulatory review.

This development follows Trump Media’s previously announced plan to raise US$2.4 billion for its own bitcoin treasury.

Although that fund remains inactive, the ETF proposal is part of a larger suite of politically branded crypto products in the pipeline. So far, only the Truth Social ETF filings have been formally submitted to the SEC.

Bitcoin hashrate drops amid Iran attacks and heatwave

Bitcoin’s hashrate has dropped 15 percent since June 15, and some in the community point to the attack on Iran as a primary reason, although the exact cause hasn’t been confirmed.

“Hashrate dropped right after Israel’s initial strike on Iran. It’s not talked about often but Iran has been mining for many years now (over 5 years).. its likely that Israel hit part of Iran’s power grid and disrupted some of their mining operation,” an X user known as daniel wrote on Sunday (June 22).

“Can’t say whether disrupting (their) mining was part of their plan or simply a secondary effect of the strike, but I think it’s likely this is what caused the drop in hashrate.”

However, only 3 percent of the hashrate decrease precisely coincided with events related to attacks on Iran.

According to TechCrunch, the Iranian government imposed a near-total internet blackout on as a precaution against potential cyberattacks, which coincided with a 2.2 percent decline in global hashrate from Thursday (June 19).

The US strike on Iran’s nuclear facility then led to power grid outages in the country, coinciding with a one percent decrease in global hash rates from Saturday (June 21) to Sunday (June 22).

The hashrate had already fallen by over 6.25 percent between June 15 and June 19, before the internet blackout and the US bombing. The current heatwave covering the Eastern coast of the US and Canada could be another contributing factor, as elevated temperatures can lower the efficiency of high-performing technology.

Coinbase surpasses all-time high

Coinbase Global (NASDAQ:COIN) surpassed its all-time high on Wednesday, reaching US$369.25, more than three percent above its previous record of US$357.39 recorded on November 9, 2021.

The move marks a strong resurgence from its year-to-date low of US$151.47, recorded in April.

Coinbase’s stock price has grown by 38 percent since the start of the year and 134 percent from its closing price on April 8 following the imposition of additional tariffs on China by the US, an event that triggered broader market anxieties and impacted several tech-related equities.

Norwegian deep-sea miner commits to US$1.2 billion Bitcoin strategy

Green Minerals, a deep-sea mining firm listed in Oslo, has kicked off its US$1.2 billion Bitcoin treasury plan with an initial purchase of four BTC, spending roughly US$420,000. The company said it aims to hedge against fiat currency risk and inflation while building a tech-forward balance sheet. Executive Chair Ståle Rodahl called Bitcoin “non-inflationary” and “decentralized,” framing the strategy as a long-term financial hedge.

The move places Green Minerals among 245+ companies holding over US$88 billion in BTC globally. However, the market did not immediately reward the announcement — shares dropped nearly 20 percent before stabilizing.

To increase transparency, the firm plans to report BTC-per-share data for investors going forward.

Metaplanet raises US$515 million in single-day stock exercise

Japan’s Metaplanet raised ¥74.9 billion (about US$515 million) in one day by exercising stock acquisition rights under its aggressive bitcoin treasury plan. The firm issued 54 million new shares, representing 29 percent of its current outstanding rights, as part of the so-called “555 Million Plan.”

While Metaplanet stock initially plunged 15 percent, it recovered and closed 4 percent higher after the announcement. CEO Simon Gerovich called it a “strategic milestone,” reaffirming the firm’s dedication to bitcoin-backed value creation.

Separately, France-based Blockchain Group also raised US$4.8 million via an equity issuance agreement with TOBAM. The two companies continue to expand their BTC-per-share holdings, with Blockchain Group now holding 1,653 BTC in Europe.

EU set to ignore ECB’s stablecoin warning, push ahead with new rules

The European Commission is preparing to introduce new stablecoin regulations despite repeated warnings from the European Central Bank (ECB). According to the Financial Times, the upcoming guidance would treat foreign-issued stablecoins as functionally equivalent to their EU counterparts.

The ECB has warned that this could disrupt monetary stability by encouraging deposit flight from banks into crypto.

ECB President Christine Lagarde recently urged lawmakers to fast-track the digital euro, arguing it would safeguard financial autonomy from US-dominated stablecoins.

Despite these concerns, Commission sources say the risk of a stablecoin run is minimal, and any redemptions would mostly occur in the US where reserves are held.

The new rules are expected to be unveiled within days.

South Korean banks collaborate on won-backed stablecoin

According to Econovill, a South Korean media outlet that focuses on economic and financial news, eight major South Korean banks are working together to introduce a won-pegged stablecoin

Expected to launch in late 2025 or early 2026, the project is backed by the Open Blockchain nonprofit, the Decentralized Identity Association and the Korea Financial Telecommunications and Clearings Institute and is considered a significant pioneering step for traditional banks entering the digital asset space.

The announcement follows a report published in Yonhap News on Tuesday (June 24), which cited Bank of Korea Deputy Governor Ryoo Sang-dai’s suggestions that regulated banks be the main issuers of stablecoins.

He also advised beginning with won-denominated stablecoins before expanding into other areas. According to the report, this approach aims to create a safety net for the financial system.

Reuters reported that during a press conference in Seoul earlier this month, Governor Sang-dai expressed concerns about a won-pegged stablecoin, despite not opposing it. He noted that such a stablecoin could unintentionally facilitate the exchange of won for USD. Sang-dai added that this trend could negatively impact South Korea’s currency and hinder the central bank’s monetary management strategies.

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

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

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Breakdown of NVDA’s Stock Price and S&P 500: Actionable Technical Insights

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The S&P 500 ($SPX) just logged its second consecutive 1% gain on Tuesday. That’s three solid 1% advances so far in June. And with a few trading days remaining in the month, the index has recorded only one 1% decline so far.

A lot can still happen before the month ends, but, as it stands, June is looking a lot like May, which also saw three 1% gains and one 1% loss. Taken together, these months resemble May and June of last year, although back then the S&P 500 advanced 52 consecutive sessions without a single 1% decline.

What this means for you: After the volatility of March and April—and the sharp rebound in mid-April—there has been a notable shift toward a more consistent uptrend. We talk about this frequently, and it bears repeating: the characteristics of a steady uptrend are unmistakable. It’s the foundation of our analysis that shapes our market outlook.

FIGURE 1. THE NUMBER OF 1% MOVES IN THE S&P 500 IN 2024 AND 2025. June is looking similar to May, which also saw three 1% gains and one 1% loss. It’s echoing the behavior we saw in May and June of 2024.

It all starts with daily price action. Low two-way volatility has set the tone in recent weeks. If this type of month-to-month tempo in daily moves continues, the uptrend can persist. The opposite, of course, is also true.

Zooming In On the Short-Term Moves

Looking at the S&P 500’s recent price action on the short-term chart, the index is now approximately +3% from its recent low last Friday. If this multi-day bounce were to stop now, it would be among the smallest over the last nine months. Indeed, most didn’t get much further before the next bout of profit taking, but this shows how the staircase-like advance could continue.

In other words, if this cadence persists, the S&P 500 could meander through its former highs, i.e., we may not see a resounding breakout. The more boring a move through 6,147, the better.

FIGURE 2. TWO-HOUR CHART OF THE S&P 500. The staircase-like advance in $SPX could continue, and the index could tiptoe through previous highs.

Also, notice how the recent drawdown only pulled the 14-period relative strength index (RSI) on this two-hour chart marginally below the 50 level, which shows that the momentum shift was limited last week. It’s a reminder of how weak the bounce attempt was in March, which set the stage for the second down leg of that move. If the reverse is now true, then another up leg could be afoot soon.

NVDA Stock: A Daily Perspective

NVDA made a new all-time high on Wednesday, the first since January 7. Its participation since the April 7 low has been a major and necessary piece to the SMH, XLK, NDX, and SPX’s rallies, and the global equity market’s overall comeback. 

We last cited the stock on May 27 and May 29 (before and right after it reported earnings), noting the bull flag pattern. The flag has held throughout, and NVDA is now close to achieving that price target. So, what’s next?

FIGURE 3: DAILY CHART OF NVDA’S STOCK PRICE. After the bull flag pattern, NVDA is close to achieving its price target.

NVDA vs. 200-Day Moving Average

NVDA’s comeback has pulled the stock back above its 200-day moving average. We’ve shown this before as the stock was coming back. The last few times NVDA reclaimed the long-term line after spending a long time below it, the stock advanced higher for years.

FIGURE 4. DAILY CHART OF NVDA WITH 200-DAY MOVING AVERAGE. The last few times NVDA broke above its 200-day moving average after spending a long time below it, the stock advanced higher for years.

NVDA Stock: A Weekly Perspective

Even though NVDA made a marginal new high in early January, there was no follow-through. Thus, NVDA remains net flat since November 2024 and isn’t too far above its spike highs from last June either.

Altogether, the round trip can now be viewed as one big bullish pattern. We’ve seen similar formations play out three times since the October low. Once NVDA finally got through those volatile periods and broke out, those strong extensions that we all remember well ensued. Past performance is no guarantee of future returns, but patterns tend to repeat no matter the timeframe. So, we need to respect that the same kind of breakout could happen again with the stock is sitting at the same levels as it was eight months ago, but with strong market-wide demand at its back.

FIGURE 5. WEEKLY CHART OF NVDA. Could a breakout with strong market-wide demand occur?

NVDA – GoNoGo

NVDA’s weekly trend just flipped to positive on the GoNoGo chart, as well. As is clear, the last time this happened was in early 2023, the same time that the first bullish pattern on the preceding chart happened.

FIGURE 6. NVDA’S PRICE ACTION USING GONOGO CHART. The weekly trend just switched to positive. This happened in 2023, which is around the time the first bullish pattern occurred in the weekly chart in Figure 5.

NVDA Stock: A Monthly Perspective

Zooming way out, this also could be the fourth major breakout from a monthly perspective. The prior ones happened in 2015, 2020, and 2023.

FIGURE 7. MONTHLY CHART OF NVDA. There could be a fourth major breakout in NVDA’s stock price.

The Bottom Line

If you’re someone who likes to stay invested with an eye on the long-term, this is the kind of environment where patience pays off. The S&P 500 appears to be building strength, and NVDA is helping lead the charge.

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‘Swiss army knife’: Inside VP Vance’s first 5 months in office as ‘enforcer’ of Trump’s MAGA agenda

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Five months into Vice President JD Vance’s tenure inside the White House, Fox News Digital spoke to several of his colleagues about his specific role and accomplishments, including some that his peers say have been overlooked by most media outlets. 

Several in Vance’s political circle used words like ‘Swiss army knife’ and ‘utility player’ to describe a vice president, who they say flexibly steps into a variety of roles, including being a key voice on Capitol Hill guiding the president’s Cabinet nominees successfully through the Senate.

‘He was very much involved in that, he made phone calls, he listened to people, he provided advice and thoughts and would talk things out with people,’ GOP Sen. Marsha Blackburn said, adding that Vance does not get enough credit for the ‘level of engagement’ with his former colleagues in the Senate. 

Ohio GOP Sen. Bernie Moreno told Fox News Digital that Vance has been an ‘enforcer’ in the Senate, not just when it came to confirming President Donald Trump’s Cabinet in a heated political climate, but also playing a significant role helping the president’s ‘big, beautiful bill’ make its way through Congress. 

If he [Trump] needs help with nominees, he is going to come over and do that, if he needs help with a Big Beautiful Bill, because obviously President Trump has got a lot on his plate, he’ll come over to talk to his colleagues,’ Moreno said. ‘If he has to lobby one on one, he’s built good relationships.’

Moreno, who ran against Vance for Senate in 2022 before dropping out and endorsing him and then running successfully in 2024 with Vance’s endorsement, went on to say that he has not heard ‘one negative comment’ from Republicans in the Senate about Vance’s performance.

In fact, one senator said to me today that their impression after the lunch yesterday was that he really started to look really presidential and how impressive he is,’ Moreno said. 

A senior White House official praised Vance’s ‘direct impact’ in the Senate when it comes to legislative efforts and Cabinet confirmations, adding that Trump’s domestic agenda is where his ‘impact has been felt the most.’ 

JD Vance throughout the whole transition, was always going to bat for Hegseth and for different nominees,’ the official said. ‘So he played a very active role making sure all the various Cabinet officials got confirmed.’

Vance’s influence has been felt on the foreign policy front, as well as the vice president making high-profile trips to India, the Vatican and Germany outlining the president’s ‘America First’ agenda. 

In India, Vance was involved with and touted progress made toward a U.S.-India trade deal, saying a partnership between the Trump administration and Indian Prime Minister Narendra Modi would ensure a 21st century that’s ‘prosperous and peaceful.’ 

Vance delivered a speech in Germany in February when he directly called out the organizers of the Munich conference, who he said had ‘banned lawmakers representing populist parties on both the left and the right from participating in these conversations.’

The speech sparked a social media firestorm, drawing criticism from some and praise from others, including Fox News contributor Jonathan Turley, who described Vance’s remarks as a ‘Churchillian’ moment for free speech. 

As the war between Russia and Ukraine raged on, Vance took an active role in the dialogue between Trump and Ukrainian President Volodymyr Zelenskyy and was front and center in the viral White House blowup between the two leaders, calling out the Ukrainian leader for ‘lack of respect.’

Vance, who has been labeled as an ‘attack dog’ for Trump dating back to the campaign trail last year, gave several interviews outlining his belief that, at the time, Zelenskyy was impeding the peace process. 

Former Trump senior advisor Jason Miller told Fox News Digital that Vance has been influential when it comes to helping promote the president’s foreign policy agenda.’

That influence was on full display in recent weeks as the United States bombed several nuclear sites in Iran, causing a stir with conservatives on social media on the merits of getting involved in a foreign conflict after Trump and Vance campaigned against drawn-out foreign wars of the past. 

‘Going into the conflict with Iran, I think was pretty notable for a couple of things. One, just the fact that the way he was elevated and was at the president’s side for the entire time, really how he had a seat at the table as part of the decision-making and the driving force for what happened,’ Miller said. 

‘But then also, the fact that the vice president played such an important role of talking to people from across the MAGA coalition, people who are very much into America First and may have initially been skeptical with regard to Iran and being kind of the one of the main people in the admin who can kind of talk with both camps,’ he continued. ‘And as we saw with his Twitter posts both before the action and then even afterwards being able to really articulate, lay out the rationale for what President Trump is doing and make sure that the people across the coalition have a clear understanding of it.’

Vance was front and center following the strike on Iran, sitting down for an interview with Fox News anchor Bret Baier on ‘Special Report’ outlining the reasoning for the strike as news broke that a ceasefire had been negotiated with the countries involved. 

The White House official told Fox News Digital that when the president ‘calls a play,’ Vance ‘makes sure it’s run’ even if the two may have a different perspective, which is a sentiment that Miller echoed, saying that Trump promotes a ‘team environment’ to get perspective from all sides, even though he is ultimately the one who makes the final decision.

I think that the president and the vice president are very much in lockstep when it comes to the ultimate goals that they’re trying to accomplish,’ Miller said. 

In terms of the media’s portrayal of the relationship between Trump and Vance, Moreno told Fox News Digital that ‘any story that says there’s daylight between what Trump believes and what JD believes can be rejected out of hand, because it’s not actually how it works.’

‘JD doesn’t view himself as the person who’s there to enact his agenda. He’s there to enact President Trump’s agenda.’

When it comes to Vance’s accomplishments on foreign and domestic policy in the first five months of the administration, both Miller and Moreno expressed the belief that the vice president has gotten more done in half a year than former Vice President Kamala Harris accomplished in four years. 

You’re talking about literally polar opposites between her and JD,’ Moreno said. ‘Even a mentally diminished Biden understood what a great liability Kamala Harris was, he basically froze her and put her in the basement. President Trump realizes, because he’s a very smart guy, because he’s the one that made the decision to pick JD Vance realizes that JD is very effective for him and isn’t looking to overshadow or take the spotlight, but rather move his agenda forward.’

Miller agreed, saying that ‘Vice President Vance is easily the best vice president and most notable Vice President we’ve had in the last 30 plus years and is light years of improvement over Kamala Harris.’

While speculation has run rampant about what the Republican Party will look like after Trump completes his second term and whether Vance is the heir apparent in a crowded Republican field, Miller told Fox News Digital that Vance is not focused on that but has been ‘crushing it’ on the campaign trail raising money for the party. 

He’s a huge draw out on the midterm fundraising trail and he’s someone who many people view as the future of the movement,’ Miller said. 

Ultimately, Moreno told Fox News Digital that he does not think Vance gets enough credit for being one of the most ‘grounded’ politicians he has encountered who genuinely cares for his friends and family and always keeps his humble beginnings in Middletown, Ohio, at the forefront of the decisions he makes. 

‘America First, and I said it when I nominated him in Wisconsin, it’s not a political slogan, it’s his North Star,’ Moreno said. ‘It’s why he is doing what he’s doing. I don’t think people realize that. I think people don’t know enough about him as a man.’


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Fury erupts as unelected Senate ‘scorekeeper’ blocks Trump’s agenda

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Conservative lawmakers were infuriated on Thursday morning after the Senate’s de facto ‘scorekeeper’ for President Donald Trump’s ‘big, beautiful bill’ ruled that key parts of the GOP agenda bill must be stripped out.

‘The Senate Parliamentarian is not elected. She is not accountable to the American people. Yet she holds veto power over legislation supported by millions of voters,’ Rep. Greg Steube, R-Fla., wrote on X. ‘It is time for our elected leaders to take back control.’

He called on Vice President JD Vance to ‘overrule the Parliamentarian and let the will of the people, not some staffer hiding behind Senate procedure, determine the future of this country.’

The Constitution names the vice president as president of the Senate as well, though it is a largely ceremonial role save for when they are needed to cast a tie-breaking vote in the chamber.

The Senate parliamentarian is typically appointed by the Senate majority leader and serves at their pleasure, with no term limit. 

Their role is to make apolitical judgments about Senate rules and procedure. In the budget reconciliation process, which Republicans are working through now, the parliamentarian’s job is to rule on whether aspects of the bill fall within the necessary guidelines to qualify for reconciliation’s simple majority passage threshold.

However, with several rulings that found key portions of Trump’s agenda do not fall into reconciliation’s budgetary guidelines, Republicans on the other side of Capitol Hill – in the House of Representatives – are urging the Senate to break norms and disregard several of the parliamentarian’s decisions.

‘They ought to heed the advice of the president – don’t change the bill,’ Rep. Ralph Norman, R-S.C., told Fox News Digital earlier this week. 

Meanwhile, Sen. Tommy Tuberville, R-Ala., even called for the parliamentarian to be fired.

‘The Senate Parliamentarian also ruled that ILLEGAL IMMIGRANTS are eligible for federal student loans. Does she not realize that our student loan crisis is already out of control??? ZERO taxpayer dollars should go towards student loans for ILLEGALS,’ he wrote on X.

‘THE SENATE PARLIAMENTARIAN SHOULD BE FIRED ASAP.’

And Rep. Eric Burlison, R-Mo., told Fox News Digital, ‘The House Freedom Caucus fought tooth and nail for Medicaid reforms that would save taxpayers billions and protect the program for those who truly need it. But now, the unelected parliamentarian has struck down key provisions of [the bill.]’

‘The Senate must act quickly to correct this failure,’ Burlison said.

Rep. Jeff Van Drew, R-N.J., wrote on X on Wednesday evening, ‘Respecting the rules matters, but so does respecting the voters. They didn’t give an unelected staffer the power to decide what is in the budget—that’s the job of Congress.’

‘It doesn’t have to be this way. The Republicans senators are not required to adhere to anything she says,’ Van Drew said.

Rep. Keith Self, R-Texas, said on the platform, ‘The rogue Senate Parliamentarian should be overruled, just like activist judges.’

Despite calls from irate House Republicans and some senators, Senate Majority Leader John Thune, R-S.D., has stood firm in his position that he would not seek to overrule the parliamentarian.

‘That would not be a good outcome for getting a bill done,’ he told reporters. 

When asked about the parliamentarian’s ruling on the provider taxes, Thune said that there were things that Republicans can do to get ‘to that same outcome.’ 

‘I mean, we may not have everything that we want in terms of provider tax reforms, but if we can get most of the reforms there, get the savings that come with it,’ he said. ‘This is all about saving taxpayers money and reforming these programs in a way that makes them not only more fiscally sustainable long-term, but strengthening and getting rid of the waste, fraud, and abuse in the programs.’

Senate Democrats vowed to inflict as much pain as possible through the process known as the ‘Byrd Bath,’ which tests if each provision, line-by-line, is compliant with the Byrd Rule that governs the budget reconciliation process. 

So far, Senate Parliamentarian Elizabeth MacDonough has ruled several key provisions, including oil and gas leasing, public land sales, changes to the cost-sharing formula for food benefits, among others, as being out of compliance with the Byrd Rule. 

However, it was a slew of rulings unveiled Thursday morning the gutted numerous changes Senate Republicans made to the widely-used Medicaid program that triggered conservatives. 

Among the axed provisions was the Senate GOP’s harsher crackdown on the Medicaid provider rate, or the amount that state Medicaid programs pay to providers on behalf of Medicaid beneficiaries, which proved even a divisive policy among some in the conference. 

Other provisions that were nixed included denying states Medicaid funding for having illegal immigrants on the benefit rolls, preventing illegal immigrants from participating in Medicaid and the Children’s Health Insurance Program (CHIP), and preventing Medicaid and CHIP funding from going toward gender-affirming care. 

Republicans viewed those as key cost-saving changes, and their removal has likely set back their plan to put the mammoth bill on Trump’s desk by July 4. 


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GOP senator calls for parliamentarian’s firing after serving Medicaid blow to Trump’s ‘big, beautiful bill’

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A Senate Republican wants to see the Senate parliamentarian fired and plans to introduce a resolution that would require the position to be term-limited.

Fury erupted among conservatives Thursday morning following the news that Senate Parliamentarian Elizabeth MacDonough ruled several key reforms and tweaks to Medicaid in the Senate GOP’s version of President Donald Trump’s ‘big, beautiful bill’ did not pass muster with Senate rules.

That means that the current provisions that do not comply with the Byrd Rule must be stripped, but Republicans can still scramble to rewrite and resubmit the policy to the parliamentarian.

However, Sen. Roger Marshall, R-Kan., wants immediate action taken against the parliamentarian.

‘In 2001, Majority Leader Trent Lott fired the Senate parliamentarian during reconciliation,’ Marshall told Fox News Digital. ‘It’s 2025 during reconciliation, and we need to again fire the Senate parliamentarian.’

He argued that, based upon early reports, the parliamentarian’s rulings against myriad provisions in the bill may erase up to $500 billion in spending cuts, which could hamper the bill’s survival among fiscal hawks and miss the goal of hitting up to $2 trillion in spending cuts over the next decade. 

Senate Majority Leader John Thune, R-S.D., has made clear that he did not intend to overrule the parliamentarian. Fox News Digital reached out to the top Senate Republican for comment.

Marshall, like other congressional Republicans, was particularly incensed over the parliamentarian’s rulings that gutted numerous changes Senate Republicans made to the widely-used Medicaid program that triggered conservatives.

Among the axed provisions was the Senate GOP’s harsher crackdown on the Medicaid provider rate, or the amount that state Medicaid programs pay to providers on behalf of Medicaid beneficiaries, which proved a divisive policy among some in the conference.

Other provisions that were nixed included denying states Medicaid funding for having illegal immigrants on the benefit rolls, preventing illegal immigrants from participating in Medicaid and the Children’s Health Insurance Program (CHIP), and preventing Medicaid and CHIP funding from going toward gender-affirming care.

Republicans viewed those as key cost-saving changes, and their removal has likely set back their plan to put the mammoth bill on Trump’s desk by July 4.

The parliamentarian is chosen by the Senate majority leader and serves without term limits in the role.

Marshall wants to put an end to that practice and plans to introduce a resolution on Thursday that would only be allowed to serve one, six-year term.

‘The current parliamentarian has been in office since 2012, appointed by Harry Reid,’ Marshall said. ‘This is NOT an elected position. Power tends to corrupt,  and absolute power corrupts absolutely. Term limits on a person with this absolute power need be implemented.’


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Drone incursions on US bases come under intense scrutiny as devices prove lethality overseas

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A group of House Republicans is demanding details on how government agencies are addressing the growing threat of unauthorized drone incursions on U.S. military installations. 

In letters sent Thursday, the Subcommittee on Military and Foreign Affairs requested a trove of documents and communications from the Departments of Defense (DoD), Transportation (DOT), and Justice (DOJ). 

The letters note that in 2024 alone, there were 350 drone incursions at over 100 U.S. military bases. 

Lawmakers believe many of the responses to the illegal incursions, including an instance where a group of drones traipsed over Langley Air Force Base for over two weeks in December 2023, have been insufficient and fragmented. 

Under current rules, base commanders must establish ‘hostile intent’ before taking action — a threshold the lawmakers say is ill-suited to fast-moving and ambiguous drone threats.

Coordination between military installations, the DOJ, Federal Aviation Administration (FAA), and local law enforcement is often ‘improvised and bureaucratically delayed,’ the letter states, leaving gaps that adversaries could exploit.

To assess the issue, Republicans are asking the agencies to turn over documents by July 10, including: all interagency policies and agreements on drone detection and mitigation; a list of all facilities protected under Title 10 Section 130(i); communications involving DoD, DOJ, FAA, and others about drone threats and authority gaps; all incident reports related to drone incursions since January 2022; any internal reviews assessing current legal frameworks and recommending reforms; plans for a joint federal-state-local task force on counter-drone coordination.

Fox News Digital has reached out to DoD, DOJ, and DOT for comment.

The lawmakers frame their demands as part of a broader push for legislative reform and operational clarity in the face of escalating drone threats to national security. ‘This is a rapidly evolving threat that requires a unified and proactive response,’ the letter states, emphasizing the need for better data sharing and resource allocation between agencies.

The threat comes at a time when the lethal capabilities of modern drone warfare have been proven on the ground in Ukraine and in the Middle East. 

READ THE LETTER BELOW. APP USERS: CLICK HERE

From the early days of Russia’s 2022 invasion, unmanned aerial systems (UAS) have been deployed with devastating effect by both Russian and Ukrainian forces, transforming how battles are fought and how intelligence is gathered. What began as surveillance and artillery-spotting platforms has evolved into a full-scale integration of explosive-laden loitering munitions, or ‘kamikaze drones,’ capable of precision strikes deep behind enemy lines.

One of the most notorious platforms is the Iranian-made Shahed-136, a low-cost, GPS-guided drone that Russia has used in swarms to overwhelm Ukrainian air defenses and strike civilian infrastructure, including power stations and residential areas. These drones, launched in waves, have been used to sow terror and inflict strategic damage while costing a fraction of conventional missiles. Ukraine, for its part, has responded with creative adaptations, converting consumer camera drones into improvised bombers and launching strikes on Russian trenches, vehicles, and even naval assets in the Black Sea.

Israel used drones alongside warplanes to assault top generals and key military and nuclear facilities in Operation Rising Lion this month. Iran fired back its own onslaught of drones toward Israel.

Military analysts have said Ukraine represents the first major war where drones are central to strategy, not just supporting tools. Their widespread deployment has forced a tactical rethink, prompted innovations in electronic warfare and counter-UAS systems, and prompted debate about how quickly drones may outpace manned aircraft in aerial combat. 


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‘The mission was accomplished’: Senate Republicans push back against leaked report on Iran strikes

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Senate Republicans pushed back against a leaked report that President Donald Trump’s strikes on Iran did not obliterate the Islamic Republic’s nuclear program, but still wanted more information on the full extent of the damage done to the key facilities.

A widely reported ‘low confidence’ assessment from the Defense Intelligence Agency (DIA) suggested that the weekend strikes, dubbed Operation Midnight Hammer, did not completely destroy Iran’s nuclear capabilities.

Trump has remained firm that the sites were ‘totally obliterated,’ and the White House has strongly pushed back against the report. And both the Israeli and Iranian governments agree that the sites were badly damaged.

Members of the Senate Foreign Relations Committee and Senate Armed Services Committee told Fox News Digital that they were confident in the president’s assessment and pushed back against the DIA’s findings.

‘First of all, one of the things I’d consider is the DIA said that Ukraine would be wiped out in three days,’ Sen. Kevin Cramer, R-N.D., told Fox News Digital. ‘And second, whatever the damage to Fordow is, the damage to the [nuclear] capabilities of Iran are devastating.’

Cramer said that the effectiveness of the bombing, which was carried out by several B-2 bombers armed with bunker-busting bombs, could not be ‘overstated,’ and warned that lingering questions surrounding the effectiveness of the operation were just ‘fodder for political discussion.’

‘I think the mission was accomplished,’ he said.

Senate Armed Services Committee Chair Roger Wicker, R-Miss., had not yet read the report, but called the DIA’s finding and subsequent news reports ‘bogus.’ Wicker’s sentiment came just after Senate Republicans met behind closed doors with Israeli Ambassador Yechiel Leiter.

‘We just spoke to the Israeli ambassador to the United States just a few moments ago, and his assessment is that their capability has been destroyed for years,’ Wicker said.

Still, just how damaged the nuclear facilities are, particularly the Fordow Fuel Enrichment Plant buried deep under layers of rock, is a question lawmakers want answered and believe would only come from a true boots-on-the-ground assessment.

Senators are set to receive a briefing Thursday afternoon from Trump officials on the strikes, and expect to learn more about the true extent of the damage.

Sen. Mike Rounds, R-S.D., told Fox News Digital that he’d seen all the evidence and there was not ‘an inconsistency’ between the president’s assertions and the materials he had seen.

He said that the briefing would allow lawmakers ‘a chance from multiple sources to glean what’s actually down deep underneath,’ but noted that until more clear information was available, absolute confirmation of the total damage wrought by the bombs was not complete.

Whether another strike should be authorized should further intelligence show that the program was not fully destroyed, Rounds said, ‘another strike depends on what the other options would be.’

‘I don’t think you ever take anything off the table for the president, but there might be other ways of handling it as well, because we’ve really opened that place up now,’ he said.  


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SAGA Metals Mobilizes and Commences Summer Work Programs at Recently Drilled 100% Owned Radar Titanium Property in Labrador, Canada & Provides Corporate Update

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Saga Metals Corp. (‘SAGA’ or the ‘Company’) (TSXV: SAGA) (OTCQB: SAGMF) (FSE: 20H) a North American exploration company focused on critical mineral discovery, is pleased to announce the mobilization and commencement of its 2025 summer field program at the 100% owned Radar Titanium Property (the ‘Property’) in Labrador, Canada.

Field crews arrived on site on June 17 and have initiated ground-based geophysical surveys targeting future high-priority drill targets. Concurrently, the team is constructing an access trail along the full 20 km strike extent of the Dykes River Intrusion oxide layering zone. Mobilizing drill rigs to the Trapper Zone is a first construction priority (see Figure 1 below).

The road and trail construction aims to provide direct access to both the eastern Hawkeye Zone and the western extent of the Trapper Zone. This strategic roadwork will significantly enhance logistical efficiency and exploration capacity across the entire 20 km oxide layering zone.

Figure 1

Figure 1: Detail of the Radar Titanium Project showcasing the road network from the Hawkeye Zone to the Trapper Zone and location of SAGA’s 2025 field programs.

SAGA’s field team is actively clearing overgrown sections of the historic forestry road to enable access for trucks and heavy equipment to the western areas of the Property. The program began with a 6-tonne excavator, while a larger 25-tonne unit is currently in transit and will be used to complete the remaining clearing work. Once operational, the 25-tonne excavator will also be deployed to construct a new access trail extending from the northwest end of the Trapper Zone, following the oxide layering zone southward before turning east toward the western anomalies within the Hawkeye Zone. This strategically designed, drill-compatible trail is a key component of SAGA’s infrastructure development, enabling efficient mobilization of diamond drilling equipment to high-priority targets and supporting cost-effective execution of future drilling campaigns.

Figure 2

Figure 2: SAGA’s field team utilizes a 6-tonne excavator to clear the old forestry road that runs east-west within the Radar project

Magnetic and Electromagnetic (EM) Survey over the ‘Trapper Zone’

As previously reported, targeted VLF-EM (Very Low Frequency electromagnetic survey) and magnetic surveys from Q4 2024 successfully defined drill targets for our maiden drill program over the Hawkeye zone. Now, our crews are targeting the Trapper zone that returned one of the highest responses in the regional airborne magnetic survey. SAGA has mobilized two geophysical crews to ensure complete survey coverage across the Trapper Zone within the next four weeks. Planned is a highly detailed magnetic and VLF-EM-survey over the northern anomaly of the Trapper zone.

Due to the strength of the magnetic anomaly detected over the Trapper zone, SAGA’s geological team has had to continually recalibrate the geophysics instruments. To mitigate this, the Company has mobilized an additional instrument and expanded the team with two more personnel.

The survey employs a 25-meter station spacing along lines separated by 50 meters, allowing for detailed mapping of magnetic and conductive features associated with magnetite mineralization. This high-resolution approach is critical for accurately defining subsurface targets and enhancing confidence in drill planning for this promising western extension. The ultimate objective is to develop a magnetic inversion model—comparable to that successfully used at Hawkeye—to guide follow-up drilling along the broader 20-kilometre oxide layering trend.

Figure 3

Figure 3: SAGA’s field team conducting the magnetic and electromagnetic survey, including Very Low Frequency (VLF-EM) on the Radar Titanium Project

Michael Garagan, CGO & Director of SAGA, comments: ‘ We are fortunate to have exceptional infrastructure at the Radar Titanium project. The ability to complete low-cost maintenance on the forestry road and access trail into the Trapper zone will only further enhance the cost-effectiveness of future programs, adding tremendous value to shareholders. We are excited to have two teams conducting geophysics over the Trapper zone, with interpretations expected by mid-summer. As I previously mentioned, early indications suggest the Trapper zone contains some of the strongest magnetic anomalies, and we’ll be utilizing the magnetic inversions to delineate drill targets similar to the Hawkeye Zone.’

Figure 4

Figure 4: Radar Property map, depicting aeromagnetic anomalies, oxide layering and the site of the 2025 drill program. The Property is well serviced by road access and is conveniently located near the town of Cartwright, Labrador. A compilation of historical aeromagnetic anomalies is shown. SAGA has demonstrated the reliability of the regional airborne magnetic surveys after ground-truthing and drilling in the 2024 and 2025 field programs.

Radar Ti-V-Fe Project Overview:

The Company’s 100%-owned Radar Property is located 10 km from the coastal city of Cartwright, Labrador, benefiting from tremendous infrastructure, including road access, deep-water port, airstrip and nearby hydro-electric power. The Radar Property comprises 24,175 hectares and entirely encloses the Dykes River intrusive complex, mapped at 160 km² on the surface.

The Dykes River intrusive complex is a recently recognized Mesoproterozoic layered mafic intrusion (Gower, 2017). It has gained attention due geological similarities to large AMCG-type intrusions and a very extensive titanium–vanadium–iron (Ti-V-Fe) rich layer.

Radar Ti-V-Fe Project 2025 Winter Drill Program Highlights:

  • Analytical results have been received on all seven diamond drill holes from the 2025 winter program.
  • Combined with petrographic analysis, these assays confirm that the primary economic mineral is vanadiferous titanomagnetite, favourable for simplified metallurgical processing.
  • Notable intercepts of vanadiferous titanomagnetite from the 2025 winter drill program include:
    • 20.2 meters grading 31.35% Fe , 6.32% TiO₂ , and 0.435% V₂O₅ in HEZ-07
    • 57.7 meters grading 27.09% Fe, 5.305% TiO₂, and 0.365% V₂O₅ in HEZ-07
    • 25.0 meters grading 19.92% Fe , 4.14% TiO₂ , and 0.213% V₂O₅ in HEZ-05
    • 31.5 meters grading 25.95% Fe, 5.34% TiO 2 and 0.28% V 2 O 5 in HEZ-01
    • 50 meters grading 24.49% Fe, 4.74% TiO 2 and 0.305 % V 2 O 5 in HEZ-04
    • 28 meters grading 20.11% Fe, 4.22% TiO₂, and 0.214% V₂O₅ in HEZ-06
    • 37 meters grading 12.4% Fe, 4.17% TiO₂, and 0.069% V₂O₅ in HEZ-02
    • 55 meters grading 11.37% Fe, 4.07% TiO₂, and 0.051% V₂O₅ in HEZ-03
  • Titanomagnetite-rich zones average between 20% and 40% titanomagnetite, with localized massive layers exceeding 60%.
  • Drilling has confirmed the presence of oxide layering and associated magnetic anomalies to vertical depths of up to 300 meters.
  • Current drilling has tested just 1/40th of the identified 20 km strike extent of the oxide layering zone within the Dykes River Intrusion (refer to Figure 4 for map view) .

(Click here to see SAGA’s news release dated May 5, 2025 for full information on holes HEZ-01 & HEZ-04, here to see SAGA’s news release dated May 26, 2025 for full information on holes HEZ-05 & HEZ-07 and here to see SAGA’s news release dated May 29, 2025 for full information on holes HEZ-06, HEZ-02 & HEZ-03)

Engaged Alphabridge Group Inc. for Equity Research Coverage

The Company has engaged Alphabridge Group Inc. (‘Alphabridge’) to provide equity research coverage on the Company for an initial term of one year, beginning on June 25, 2025. Total consideration payable to Alphabridge is $15,000 plus GST. Alphabridge services will be provided via its principal Vasant Jain, based out of Vancouver, BC. Alphabridge and its principal are arm’s length to the Company, and to the knowledge of the Company hold no securities of the Company as of the date hereof.

Qualified Person

Paul J. McGuigan, P. Geo., is an Independent Qualified Person as defined under National Instrument 43-101 and has reviewed and approved the technical information related to the Radar Ti-V-Fe Project disclosed in this news release.

About Saga Metals Corp.

Saga Metals Corp. is a North American mining company focused on the exploration and discovery of critical minerals that support the global transition to green energy. The Company’s flagship asset, the Double Mer Uranium Project, is located in Labrador, Canada, covering 25,600 hectares. This project features uranium radiometrics that highlight an 18km east-west trend, with a confirmed 14km section producing samples as high as 0.428% U 3 O 8 and uranium uranophane was identified in several areas of highest radiometric response (2024 Double Mer Technical Report).

In addition to its uranium focus, SAGA owns the Legacy Lithium Property in Quebec’s Eeyou Istchee James Bay region. This project, developed in partnership with Rio Tinto, has been expanded through the acquisition of the Amirault Lithium Project. Together, these properties cover 65,849 hectares and share significant geological continuity with other major players in the area, including Rio Tinto, Winsome Resources, Azimut Exploration, and Loyal Lithium.

SAGA also holds additional exploration assets in Labrador, where the company is focused on discovering titanium, vanadium, and iron ore. With a portfolio that spans key minerals crucial to the green energy transition, SAGA is strategically positioned to play an essential role in the clean energy future.

On Behalf of the Board of Directors

Mike Stier, Chief Executive Officer

For more information, contact:
Saga Metals Corp.
Investor Relations
Tel: +1 (778) 930-1321
Email: info@sagametals.com
www.sagametals.com

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

Cautionary Disclaimer

This news release contains forward-looking statements within the meaning of applicable securities laws that are not historical facts. Forward-looking statements are often identified by terms such as ‘will’, ‘may’, ‘should’, ‘anticipates’, ‘expects’, ‘believes’, and similar expressions or the negative of these words or other comparable terminology. All statements other than statements of historical fact, included in this release are forward-looking statements that involve risks and uncertainties. In particular, this news release contains forward-looking information pertaining to the exploration of the Company’s Radar Project and engagement of Alphabridge for equity research coverage. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, environmental risks, limitations on insurance coverage, risks and uncertainties involved in the mineral exploration and development industry, and the risks detailed in the Company’s continuous disclosure filings with securities regulations from time to time, available under its SEDAR+ profile at www.sedarplus.ca. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements only as expressly required by applicable law.

Figures accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/2eb3b876-a32a-4368-9ef8-720dbe25a86e

https://www.globenewswire.com/NewsRoom/AttachmentNg/1fff0845-d761-439e-9e00-2e08b50d6fb4

https://www.globenewswire.com/NewsRoom/AttachmentNg/67f8e3d8-49c6-4ff3-8a83-e47ebd9d2558

https://www.globenewswire.com/NewsRoom/AttachmentNg/5514e271-097c-4aa2-80b3-32cafac1966f

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RUA GOLD Closes C$13.8 Million Brokered Offering Including the Full Exercise of Over-Allotment Option

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Highlights 

  • Closing the oversubscribed brokered offering for $13.8 million of gross proceeds. 
  • Offering was completed without dilutive warrants and without a significant discount to market trading price. 
  • Completion of this financing secures a treasury balance sufficient to fund 12 to 18 months of aggressive exploration across on the projects.

Rua Gold Inc. (TSXV: RUA) (OTCQB: NZAUF) (WKN: A40QYC) (‘Rua Gold’ or the ‘Company’) is pleased to announce that it has closed its previously announced brokered ‘best efforts’ public offering (the ‘Public Offering’) and private placement (the ‘Private Placement’ and with the Public Offering, the ‘Offering’) consisting of 19,714,450 common shares in the capital of the Company (each, a ‘Common Share’), which included the exercise of the over-allotment option in full, at a price of C$0.70 per Common Share for aggregate gross proceeds of C$13,800,115.

The Company intends to use the net proceeds from the Offering for continuing the exploration program on its New Zealand properties and general working capital and general corporate purposes, as disclosed in the Prospectus Supplement (as defined below).

‘For the first time, Rua Gold is fully funded to execute all of our exploration plans over the next 12 to 18 months’ stated CEO, Robert Eckford. ‘Since listing the Company last year, we have accelerated both the Reefton Project on the South Island, and Glamorgan Project on the North Island of New Zealand. With the addition of a cornerstone 9.9% investor, we have strengthened our support base, enabling a two-pronged strategy: the continuation of an aggressive drill campaign at the Reefton Project, and the planned commencement of drilling at the Glamorgan Project in Q4 2025. Both strategies are designed to highlight the exceptional geological potential of New Zealand, supported by a very significant financing.’

The Offering was completed pursuant to an agency agreement (the ‘Agency Agreement‘) dated June 18, 2025 among the Company, Cormark Securities Inc. and Red Cloud Securities Inc., as Co-Lead Agents and Beacon Securities Limited (collectively, the ‘Agents‘).

In consideration for services rendered in connection with the Public Offering, the Company paid the Agents a cash fee of approximately C$446,651 and issued to the Agents 638,073 broker warrants (the ‘Broker Warrants‘). Each Broker Warrant is exercisable to acquire one Common Share at an exercise price of $0.70 per Common Share for a period of 24 months following closing of the Offering.

The Public Offering was completed in Canada pursuant to a prospectus supplement dated June 18, 2025 (the ‘Prospectus Supplement‘) to the Company’s short form base shelf prospectus dated July 11, 2024 (the ‘Shelf Prospectus‘) filed in each of the provinces and territories of Canada, except Québec. Common Shares were also issued in the United States and in offshore jurisdictions pursuant to private placement or similar exemptions in accordance with applicable securities laws. Copies of the Prospectus Supplement, Shelf Prospectus and Agency Agreement are available under the Company’s SEDAR+ profile at www.sedarplus.ca.

The Private Placement was completed pursuant to applicable exemptions from prospectus requirements under applicable securities laws. The Common Shares issued pursuant to the Private Placement are subject to a statutory hold period in Canada expiring four months and one day expiring on October 27, 2025.

The Offering remains subject to the final acceptance of the TSX Venture Exchange (the ‘TSXV‘).

Insiders of the Company (the ‘Insiders‘) subscribed to the Offering for an aggregate of 1,529,800 Common Shares. This issuance of the Common Shares to the Insiders constitutes a ‘related party transaction’ as such term is defined under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (‘MI 61-101‘). The Company is relying on an exemption from the formal valuation and minority shareholder approval requirements provided under MI 61-101 pursuant to section 5.5(a) and section 5.7(1)(a) of MI 61-101, on the basis that the participation in the Offering by the Insiders does not exceed 25% of the fair market value of the Company’s market capitalization. A material change report was not filed in connection with the participation of the Insiders in the Offering less than 21 days in advance of the closing of the Offering, which the Company considers reasonable in the circumstances so as to be able to avail itself of potential financing opportunities and to complete the Offering in an expeditious manner.

The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended (the ‘U.S. Securities Act‘) or any U.S. 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 absent U.S. registration or an applicable exemption from the U.S. registration requirements. This news release does not constitute an offer for sale of securities, nor a solicitation for offers to buy any securities in the United States, nor in any other jurisdiction in which such offer, solicitation or sale would be unlawful. ‘United States’ and ‘U.S. person’ are as defined in Regulation S under the U.S. Securities Act.

Option and DSU Grant

On closing of the Offering, the Company granted 2,250,000 options (each, an ‘Option‘) to certain directors, officers and consultants of the Company in accordance the Company’s stock option plan dated July 24, 2024. Each Option is exercisable into one Common Share at an exercise price of $0.66 per Common Share for five years following the date of grant. The Options are subject to a 3-year vesting period with 750,000 Options vesting on June 26, 2026, 750,000 Options vesting on June 26, 2027, and 750,000 Options vesting on June 26, 2028.

The Company also announces that it has granted an aggregate of 200,000 deferred share units (‘DSUs‘) to certain directors of the Company, in accordance with the Company’s DSU Plan dated July 24, 2024. The DSUs are subject to a 3-year vesting period with 66,666 DSUs vesting on June 26, 2026, 66,667 DSUs vesting on June 26, 2027, and 66,667 DSUs vesting on June 26, 2028. Each DSU entitles the holder to receive one share of the Company at the time the holder ceases to be a director of the Company.

Advisory Fees

The Company has also paid an advisory service fee of $340,000 and issued 485,000 advisory warrants of the Company (each, an ‘Advisory Warrant‘) to Red Cloud Securities Inc. for their services as financial advisor. Each Advisory Warrant is exercisable to acquire one Common Share at an exercise price of $0.70 per Common Share until June 26, 2027.

About Rua Gold

Rua Gold (TSXV: RUA) (OTCQB: NZAUF) (WKN: A40QYC) is an exploration company, strategically focused on New Zealand. With decades of expertise, our team has successfully taken major discoveries into producing world-class mines across multiple continents. The team is now focused on maximizing the asset potential of Rua Gold’s two highly prospective high-grade gold projects.

The Company controls the Reefton Gold District as the dominant landholder in the Reefton Goldfield on New Zealand’s South Island with over 120,000 hectares of tenements, in a district that historically produced over 2Moz of gold grading between 9 and 50g/t.

The Company’s Glamorgan Project solidifies Rua Gold’s position as a leading high-grade gold explorer on New Zealand’s North Island. This highly prospective project is located within the North Islands’ Hauraki district, a region that has produced an impressive 15Moz of gold and 60Moz of silver. Glamorgan is adjacent to OceanaGold Corporation’s biggest gold mining project, Wharekirauponga.

For further information, please refer to the Company’s disclosure record on SEDAR+ at www.sedarplus.ca.

Rua Gold Contact

Robert Eckford
Chief Executive Officer
Phone: (604) 655-7354
Email: reckford@RUAGOLD.com
Website: www.RUAGOLD.com

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

This news release includes certain statements that may be deemed ‘forward-looking statements’. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words ‘expects’, ‘plans’, ‘anticipates’, ‘believes’, ‘intends’, ‘estimates’, ‘projects’, ‘potential’ and similar expressions, or that events or conditions ‘will’, ‘would’, ‘may’, ‘could’ or ‘should’ occur and specifically include statements regarding: the Company’s strategies, expectations, planned operations or future actions including but not limited to exploration programs at its New Zealand properties; the intended use of the net proceeds of the Offering; and the final acceptance of the TSXV with respect to the Offering. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements.

Investors are cautioned that any such forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. A variety of inherent risks, uncertainties and factors, many of which are beyond the Company’s control, affect the operations, performance and results of the Company and its business, and could cause actual events or results to differ materially from estimated or anticipated events or results expressed or implied by forward looking statements. Some of these risks, uncertainties and factors include: general business, economic, competitive, political and social uncertainties; risks related to the effects of the Russia-Ukraine war; risks related to climate change; operational risks in exploration, delays or changes in plans with respect to exploration projects or capital expenditures; the actual results of current exploration activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; changes in labour costs and other costs and expenses or equipment or processes to operate as anticipated, accidents, labour disputes and other risks of the mining industry, including but not limited to environmental hazards, flooding or unfavorable operating conditions and losses, insurrection or war, delays in obtaining governmental approvals or financing, and commodity prices. This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statements and reference should also be made to the Company’s short form base shelf prospectus dated July 11, 2024, and the documents incorporated by reference therein, filed under its SEDAR+ profile at www.sedarplus.ca for a description of additional risk factors.

Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

This news release is intended for distribution in Canada only and is not intended for distribution to United States newswire services or dissemination in the United States.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/256925

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