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After a brief series of delay tactics deployed by Democrats, the Senate passed a $174 billion spending package, sending a trio of funding bills to President Donald Trump’s desk.

The move puts Congress one step closer to averting a partial government shutdown, but lawmakers are only halfway through completing and passing the legislation needed to keep the lights on in Washington, D.C.

Neither party is keen to repeat the events of last fall, when Congress shattered the record for the longest government shutdown in history at 43 days. Still, hurdles remain before the fast-approaching Jan. 30 deadline to fund the government.

Despite attempts by Senate Democrats to slow the process, with lawmakers railing against recent actions by the Trump administration in Minnesota and Colorado, the power of jet fumes and an impending week-long break from the Capitol smashed through any resistance.

The three-bill package, known as a minibus, includes legislation to fund commerce, justice, science and related agencies; energy and water development and related agencies; and interior, environment and related agencies.

Comparatively, that package, and a forthcoming two-bill package from the House, are much easier lifts for lawmakers to pass than what’s to come.

Funding the Department of Homeland Security (DHS) has proved tricky, given congressional Democrats’ outrage over the agency’s actions in Minnesota.

Senate Majority Leader John Thune, R-S.D., was hopeful that a forthcoming package would include that bill, and that it could advance through the House to the Senate in the coming weeks.

‘Appropriators are working on another package of the four remaining bills, which I hope will receive the same bipartisan backing that has characterized the appropriations cycle thus far,’ Thune said on the Senate floor. ‘And before the end of the month the Senate will need to process all of these funding bills and get them to the president’s desk.’

But there is an acknowledgment among several lawmakers that Congress will likely have to turn to a short-term funding extension, or continuing resolution (CR), for some remaining funding bills or directly targeted at DHS.

Congressional Democrats are demanding restrictions on DHS funding, particularly money that flows to Immigration and Customs Enforcement (ICE) following the fatal shooting of Renee Nicole Good by an ICE agent last week.

Lawmakers are staying tight-lipped, for now, about what exactly the restrictions could be.

In the upper chamber, Homeland Security Appropriations Chair Katie Britt, R-Ala., said that Republicans had sent a ‘counteroffer to the Democrats but have yet to hear back from them.’

When asked if, ultimately, a CR for just DHS funding would be acceptable for the time being, she told Fox News Digital, ‘What I want to do is actually pass a bill.’

‘I find it hard to believe that Democrats would give President Trump, in their words, a ‘slush fund’ on DHS,’ Britt said. ‘So I think figuring out a pathway forward is what we need to do for everybody involved. And so I’m continuing to be committed to doing that. Time is of the essence.’

Britt’s opposite on the committee, Sen. Chris Murphy, D-Conn., noted that the bill was ‘obviously the hardest,’ but contended that Democrats did not want to try to fix every issue in one fell swoop.

He also believed that a CR wouldn’t fix any of the issues, either.

‘A CR doesn’t stop them from terrorizing our citizens, doesn’t stop the violence,’ Murphy said. ‘So, a CR isn’t great. A budget without any constraints on DHS isn’t likely to get a lot of Democratic votes either.’

‘That’s one of the difficult things to figure out, is whether there’s any language you can put in a budget that the administration will follow,’ he continued. ‘But yes, I think there are ways that we could write accountability into the budget that would be hard for the administration to avoid.’

The Senate’s passage of the minibus comes after the House advanced its latest two-bill package on Wednesday evening. That bill totaled roughly $80 billion in funding for the State Department and related national security, as well as federal financial services and general government operations.

That legislation easily passed the House in a 341-79 vote on Wednesday evening and is now headed to the Senate for its consideration.

House appropriators are expected to release the text of their minibus covering the War Department, Labor Department, Education Department, Department of Transportation, and Department of Health and Human Services, among others, in the coming days.

House GOP leaders are hoping to advance that bill, which will likely be the largest by far, next week while the Senate is in recess. The House will be out the following week.

Questions remain about whether DHS funding will be part of that legislation or its own standalone issue, however.

House Minority Leader Hakeem Jeffries, D-N.Y., told Fox News Digital on Wednesday, ‘Right now, there’s no bipartisan path forward for the Department of Homeland Security bill.’


This post appeared first on FOX NEWS

Sirios Resources Inc. (TSXV: SOI) (OTCQB: SIREF) (‘Sirios’ or ‘the Company’) has started the year with an infusion of capital, giving the Company additional financial flexibility for enhancing its exploration and investor programs in 2026.

The exercise of 10,209,000 warrants and 1,750,000 options have added $1,516,080 to the treasury and resulted in the issuance of 11,959,000 shares. There are now 397,933,426 common shares outstanding.

‘These exercises validate our proposed combination with OVI Mining Corp. and reflect the recent performance of our stock,’ said Dominique Doucet, Founder and CEO of Sirios Resources. ‘Our strategy is gaining traction, and investors are noticing. We intend to build on this momentum by expanding our investor outreach this year. Jean-Félix Lepage, who will take over as CEO after the closing of the transaction with OVI Mining, will join me for a series of investor events in the coming weeks.’

Sirios to Attend Key Industry Conferences in Q1
As part of its continued commitment to enhancing market visibility and shareholder engagement, Sirios will participate in the following investment conferences:

    In addition, Dominique Doucet and Jean-Félix Lepage will host a series of investor luncheons and one-on-one meetings in Vancouver, Calgary, Montreal and Toronto. Full details on these events will be posted to the Sirios website. To request an invitation, please send an email to info@sirios.com.

    In addition, Sirios also has engaged Resource Stock Digest (RSD) to initiate an advertising and marketing program. An initiation fee of US$8,500 has been paid and a monthly cost of US$2,450, starting this month, will be paid for the first three months and can extend to a total period of 18 months. RSD is owned and operated by Gerardo Del Real and Nick Hodge and its contact details are as follows: Gerardo Del Real, 2051 Gattis School Rd, Ste. 540 PMB 176, Round Rock, TX 78664, USA.

    About Sirios
    Sirios Resources is a mining exploration company based in Quebec, focused on developing its portfolio of high-potential gold projects in the Eeyou Istchee James Bay, Canada. Sirios announced on December 11, 2025, the details of the acquisition of OVI Mining, a landmark event in the company’s history.

    Contact
    Dominique Doucet, Eng., President and CEO
    Phone: 450-482-0603
    ddoucet@sirios.com
    www.sirios.com

    Cautionary Note Regarding Forward-Looking Statements
    This press release contains ‘forward-looking statements’ within the meaning of applicable Canadian securities laws based on expectations, estimates and projections as of the date of this press release. Forward-looking statements involve risks, uncertainties and other factors that could cause actual events, results, performance, expectations and opportunities to differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from those indicated in such forward-looking statements include, but are not limited to: capital and operating costs that differ materially from estimates; the tentative nature of metallurgical test results; delays or failures in obtaining required governmental, environmental or other approvals; uncertainties related to the availability and cost of necessary financing in the future changes in financial markets; inflation; fluctuations in metal prices; delays in project development; other risks relating to the mineral exploration and development industry; and risks disclosed in public filings of the Company on SEDAR+ at www.sedarplus.ca. Although the Company believes that the assumptions and factors used in preparing the forward-looking statements contained in this news release are reasonable, readers should not place undue reliance on this information, which speaks only as of the date of this news release, and there can be no assurance that such events will occur or occur within the time periods presented. The Company disclaimed any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.

    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.

    Source

    This post appeared first on investingnews.com

    Further to the Preliminary Economic Assessment announced on 31 January 2025, Metals One (AIM: MET1, OTCQB: MTOPF), a critical and precious metals exploration and development company, is pleased to announce it has formally applied to the EU for Strategic Project designation for the Company’s Black Schist Ni-Cu-Co-Zn Project in Finland. The application has been made pursuant to the Critical Raw Materials Act, which seeks to establish a framework for ensuring a secure and sustainable supply of critical raw materials.

    Highlights of Basis of Application

    Project Summary & Strategy Recap

    The Black Schist Project comprises the Rautavaara (‘R1’) and Paltamo (‘P5’) deposits in eastern Finland, near the regional mining centre of Sotkamo and supported by excellent transport and power infrastructure. Metals One holds 100% of the licences through its wholly owned subsidiary and acquired the project in 2023, commissioning CSA Global to prepare a Competent Persons Report, including a Mineral Resource Estimate for R1. The project is located within the economically significant Kainuu Schist Belt, which hosts Talvivaara-style black schist mineralisation – one of Europe’s lowest-cost and most environmentally attractive sources of Ni-Zn-Co-Cu battery metals.

    On listing, Metals One secured low-risk exploration licences across the belt, including an existing JORC Inferred Resource of 28.1 Mt at R1 and a JORC Exploration Target of 16-25 Mt at P5. The Company’s strategy focuses on rapidly growing resources by refining a geological and geophysical prospectivity model, expanding and upgrading R1 and P5 through drilling, and identifying new targets. In late 2023, an eight-hole, 1,548 m drill programme at the R1 Hook anomaly refined the model and highlighted potential resource extensions, with early results already guiding further target generation, including the K1 prospect at Korpimäki.

    Purpose of Designation

    For the purposes of designation under the Critical Raw Materials Act, the R1 deposit constitutes the Strategic Project core asset of the Black Schist Project.

    The designation is sought to support the advancement of R1 from Preliminary Economic Assessment (‘PEA’) to Pre-Feasibility Study (‘PFS’) and subsequent permitting, enabling near-term de-risking of EU-based extraction capacity for strategic raw materials, notably cobalt and copper, with nickel produced as a strategically relevant co-product.

    Basis for Prioritisation

    R1 has been prioritised based on the following PEA-supported factors:

    • Demonstrated positive economics at PEA level, including a post-tax NPV at both 5% and 8% discount rates as announced on 31 January 2025
    • Established JORC-compliant Inferred Mineral Resource constrained by reasonable prospects for eventual economic extraction
    • Proximity to established Finnish processing infrastructure and technical precedent
    • Manageable environmental and permitting risks that are identifiable and capable of early mitigation

    P5 is excluded from the initial Strategic Project scope and is considered a contingent, medium-term optional expansion subject to future optimisation and market conditions.

    Strategic Intent

    Strategic Project designation is intended to:

    • Support structured and coordinated permitting for the Rautavaara deposit
    • Facilitate engagement with EU institutions, Member State authorities and potential downstream counterparties
    • Enable access to EU-aligned de-risking, financing and technical assistance mechanisms
    • Preserve optionality for future expansion without diluting near-term strategic focus

    Project Relevance

    In 2023, global nickel production was reported to be over 3.3 Mt, an increase of over 10% from 2022, of which Indonesia and the Philippines account for over 60%. By contrast, negligible amounts of nickel are currently produced in Europe. Although nickel does not currently qualify as a critical raw material in the EU, the US Geological Survey added nickel (and zinc) to its critical minerals list in 2022, meaning that the metal is now considered to be essential to the economic security of the US. Despite not qualifying for the EU list, analysis still identified nickel to be of material economic importance to the EU as a Strategic Raw Material and, since the start of Q2 2022, Indonesia (the largest global producer) has banned the export of unprocessed nickel ores to ensure that ores are processed domestically as opposed to being exported and processed offshore. Given these relatively recent developments in the nickel market, producing the metal domestically within the EU becomes an ever more critical goal.

    The PEA highlights the opportunity for the Company’s Black Schist Project to make a meaningful contribution to the security of the EU’s supply of this strategic material.

    Daniel Maling, Managing Director of Metals One, commented:

    ‘Access to raw materials is essential for the EU’s economy and the functioning of the internal market. The Black Schist Project is a multi-metal extraction project potentially contributing to the Union’s security of supply for several Strategic Raw Materials.

    Strategic Project designation would provide several key advantages that could aid in the project’s development and long-term success, including but not limited to enhanced access to project financing, including eligibility for funding from EU programmes, and streamlined permitting processes.

    Given the key role of many critical raw materials in realising the green and digital transitions, and considering their use for defence and aerospace applications, demand is likely to increase exponentially in the coming decades. Further, risk of supply disruptions is increasing against the background of rising geopolitical tensions and resource competition. We believe our Black Schist Project can contribute a stable and secure resource of strategic and critical metals to the EU market.’

    Enquiries:

    Metals One Plc

    Daniel Maling, Managing Director

    Craig Moulton, Chairman

    info@metals-one.com

    +44 (0)20 7981 2576

    Beaumont Cornish Limited (Nominated Adviser)

    James Biddle / Roland Cornish

    +44 (0)20 7628 3396

    Oak Securities (Joint Broker)

    Jerry Keen / Calvin Man

    +44 (0)20 3973 3678

    Capital Plus Partners Limited (Joint Broker)

    Jonathan Critchley

    +44 (0)207 432 0501

    Vigo Consulting (UK Investor Relations)

    Ben Simons / Fiona Hetherington

    IR.MetalsOne@vigoconsulting.com +44 (0)20 7390 0230

    About Metals One

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

    Map of Metals One projects/investments

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

    Follow us on social media:

    LinkedIn: https://www.linkedin.com/company/metals-one-plc/

    X: https://x.com/metals_one_PLC

    Subscribe to our news alert service on the Investors page of our website at: https://metals-one.com

    Market Abuse Regulation (MAR) Disclosure

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

    Nominated Adviser

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

    Source

    This post appeared first on investingnews.com

    As President Donald Trump turns up the volume on his efforts to acquire Greenland from Denmark, two new national polls put a spotlight on the fact that most Americans oppose taking over the massive and crucially strategic island that lies between the Arctic and Atlantic oceans.

    Eighty-six percent of voters nationwide questioned in a Quinnipiac University poll said they would oppose military action to take over Greenland.

    That includes 95% of Democrats, 94% of Independents, and even more than two-thirds (68%) of Republicans surveyed by Quinnipiac late last week through Monday.

    Three-quarters of Americans questioned in a CNN poll conducted at the same time said they opposed a U.S. takeover of Greenland. Ninety-four percent of Democrats and eight in 10 Independents said they would oppose such a move, with Republicans split 50%-50%.

    Meanwhile, by a 55%-37% margin, voters questioned in the Quinnipiac survey said they opposed any U.S. effort to try and buy Greenland.

    But there’s a stark political divide on this question, with the vast majority of Democrats and nearly six in 10 Independents opposed to buying Greenland, and more than two-thirds of Republicans supporting such efforts.

    Danish foreign minister addresses concern over Russian and Chinese influence in Greenland

    ‘The United States needs Greenland for the purpose of national security,’ the president argued in a social media post Wednesday.

    And the president emphasized that ‘anything less’ than U.S. control of Greenland is ‘unacceptable.’

    Trump’s push for the U.S. to acquire Greenland is causing tension with Denmark and other NATO allies who insist that the semiautonomous Danish territory should determine its own future. 

    Trump is making sure Greenland doesn’t ‘fall into the laps’ of China, Russia

    Trump officials are openly considering all options, including military force, to take Greenland, spurring bipartisan opposition from some in Congress.

    Troops from several European countries deployed to Greenland this week for a brief two-day mission to bolster the territory’s defenses. 

    France, Germany, Sweden and Norway are participating in the exercise, Fox News has learned. Leaders say the mission is meant to demonstrate they can deploy military assets ‘quickly.’ 

    Fox News’ Gillian Turner and Greg Norman-Diamond contributed to this report.


    This post appeared first on FOX NEWS

    The White House stood by its decision to change the name of the Department of Defense to the Department of War on Thursday — even as watchdogs warn the change could cost taxpayers as much as $125 million.

    According to the Congressional Budget Office (CBO), a congressional research agency, the costs come primarily from the manpower the change would require.

    ‘Broadly, the costs would include staff time spent updating document templates, revising websites or modifying letterhead,’ the CBO’s report said.

    ‘The scale of those costs would depend on how aggressively DOD implemented the title and how it prioritized renaming activities over other ongoing missions.’

    On the low end, the change could cost as little as $10 million, the CBO said.

    Asked if the switch is worth the price tag, the White House told Fox News Digital the name is more in line with what the nation’s armed services are equipped to do. 

    ‘Under President Trump’s leadership, the now aptly named Department of War is refocused on readiness and lethality — and its title now reflects its status as the most powerful fighting force in the world. The White House is working hand-in-glove with the Department of War on implementation of the Executive Order,’ White House spokesperson Anna Kelly said in a statement.

    The estimates of the name change hinge on whether the DOD intends to immediately replace items like stationery, signage, nameplates, uniforms, shirts and more — or whether those items can be phased out over time as they naturally make their way out of circulation. It also depends on whether the change is limited to the Department of Defense itself or all the defense-wide agencies under its purview.

    Secretary Pete Hegseth’s office at the Department of War did not respond to a request for comment on its plans.

    The report explains that the cost analysis is based on analogous changes to military bases from 2020 to 2023, removing the names of Confederate officers. In that change, the agency estimated implementing name revisions to nine bases would cost up to $5 million per station. Final estimates came out slightly under that projection at $39 million.

    The name-change efforts began last year when President Donald Trump issued an executive order in September. The administration framed the move as a restoration of the department’s original design.

    ‘The Founders chose this name to signal our strength and resolve to the world. The name ‘Department of War,’ more than the current ‘Department of Defense,’ ensures peace through strength, as it demonstrates our ability and willingness to fight and win wars on behalf of our nation at a moment’s notice, not just to defend,’ the White House said in a statement at the time.

    ‘It was under this name that the Department of War, along with the later-formed Department of the Navy, won the War of 1812, World War I and World War II.’

    The CBO noted the department’s name can be officially changed only by an act of Congress.


    This post appeared first on FOX NEWS

    Over the last several years, criminals have exploited the culture of ‘Minnesota nice’ to steal billions of dollars in taxpayer funds in one of the most egregious frauds in our nation’s history. Under Democratic Gov. Tim Walz, these fraudsters—many of whom are not even American citizens—lined their pockets with money that was initially intended to feed hungry children, house disabled seniors, and provide services for young students with special needs.

    Last week, I traveled with my team to Minneapolis to meet in person with the investigators, prosecutors, legislators, and community members on the front lines of combating this crime. Their frustration was palpable. There, we learned more about a transnational money laundering scheme that festered under President Joe Biden and the state’s political leadership. The scandal was unprecedented in its scope and scale. But so is President Trump’s plan to fix it by attacking fraud at the source—both in Minnesota and across the country.

    At the president’s direction, the Treasury Department is examining the transfer of funds allegedly sent from the affected parts of Minnesota to other countries, including Somalia. These funds are often sent through money services businesses, which provide financial services outside the banking system. This money could have potentially been diverted to terrorist organizations, such as Al-Shabaab. Treasury has a long history of following the money to financially suffocate bad actors, like the mafia and Mexican drug cartels. Now we are doing the same to shut down Somali fraud rings.

    As part of this effort, Treasury’s Financial Crimes Enforcement Network (FinCEN) and the IRS are investigating financial institutions that may have played a role in abetting rampant fraud. Specifically, we are evaluating whether these institutions have complied with their legal obligations under the Bank Secrecy Act and Treasury’s regulations, which are designed to detect money laundering and safeguard the U.S. financial system from abuse.

    Treasury is also taking steps to disrupt criminal networks from within. The fraud rings in Minnesota have many tentacles. But we will expose them all by offering incentives for whistleblowers who are willing to cooperate with law enforcement and identify perpetrators.

    Beyond pinpointing the source of the fraud, it is critical that we prevent more taxpayer dollars from leaving the country for improper purposes. That’s why FinCEN has issued a Geographic Targeting Order for Hennepin and Ramsey Counties in Minnesota, which will require banks and money transmitters to report additional information about funds transferred outside of the United States valued at $3,000 or more. 

    Minnesota is ‘ground zero’ for one of the nation’s worst welfare scams, Bessent says

    Treasury has also trained Minnesota law enforcement to utilize the data they gather from these reports to prevent this scandal from happening again. This will put a microscope on fraudulent businesses, advance prosecutions and assist in the recovery of funds laundered internationally.

    If individuals are on welfare, they should not be in a financial position to send money overseas. And yet thousands still do. This means that American taxpayers are effectively supplementing the incomes of overseas individuals. 

    This must stop. 

    To assess the prevalence of this practice, Treasury’s Geographic Targeting Order requires financial institutions wiring money abroad from Hennepin and Ramsey Counties to check a box to indicate if the funds are from any federal, state, or local government benefit program.

    Sadly, Minnesota does not have a monopoly on this sort of fraud. Similar misconduct is almost certainly happening in many other states, especially states like California, New York, and Illinois, which impose lax controls on the use of government benefit funds. In fact, our own Government Accountability Office estimates that the government may lose more than $500 billion each year to fraud. This is a staggering figure larger than the GDP of most countries. It represents up to 10% of federal tax revenues each year and approximately 1% to 2% of GDP.

    Treasury Secretary Bessent touts cash rewards for fraud whistleblowers

    Eliminating this fraud entirely would do more than any other federal measure to alleviate the burden on taxpayers and reduce the deficit. That is why President Donald Trump has created a new division within the Department of Justice with the sole purpose of prosecuting fraud nationally. 

    The president wants to scale the model we have established in Minnesota to root out waste, fraud, and abuse in every corner of the country. Extraordinary crime requires an extraordinary response—and President Trump has provided that by launching the largest anti-fraud campaign of the 21st century.

    Under previous administrations, criminals managed to turn government benefits into a multibillion-dollar business enterprise, systematically bilking taxpayers of their hard-earned money. But that ends now. President Trump has launched an all-of-government effort to recover stolen funds and prosecute tax thieves. He will give no quarter to fraudulent criminals—in Minnesota or anywhere else in the country.


    This post appeared first on FOX NEWS

    American Eagle Gold Corp. (TSXV: AE) (‘American Eagle’ or the ‘Company’) is pleased to announce drill results that further expand the South Zone at its NAK copper-gold project in British Columbia. Holes NAK25-55 and NAK25-62 extend shallow mineralization nearly 150 meters east-southeast, while NAK25-69 and NAK25-72 expand it 150 meters to the west-southwest. Notably, NAK25-55 and -62 highlight near-surface mineralization along the southern edge of the Babine porphyry stock shown in Figure 1. Additionally, Figure 2 highlights the South Zone growth achieved through the drill results presented in this release.

    Highlights:

    • NAK25-62: Extended near-surface mineralization 150 m east of NAK25-46, intersecting 140 m of 0.74% CuEq within 189 m of 0.61% CuEq starting near surface.
    • NAK25-55: Extended near-surface mineralization 150 m south of NAK25-62, intersecting 134 m of 0.40% CuEq starting near surface.
    • NAK25-69: Extended mineralization 150 m south of NAK25-41, intersecting 130 m of 0.62% CuEq within 409 m of 0.33% CuEq starting 215 m downhole.
    • NAK25-72: Further westward extension of NAK25-69 drilled from the same location at a shallower inclination, intersecting 455 m of 0.31% CuEq starting 166 m downhole.

    Strategic Importance of the South Zone:

    The South Zone is characterized by strong grades, shallow mineralization, and minimal overburden, making it a logical focus for continued step-out and infill drilling. This area has the potential to support early-stage development scenarios while providing optionality for bulk mining approaches in adjacent, yet-to-be-defined zones across the NAK project.

    With these latest results, the South Zones dimensions extend over 700 m in the east-west direction, 500 m in the north-south direction, and to over 800 m in depth. The holes in this release have contributed a high-confidence expansion of over 150 m in both the east-west and north-south dimensions from the previous iteration of the model, and a substantial increase over the previous seasons of drilling (see Figure 3). Strong potential for expansion remains along the southern margin of the Babine Porphyry stock, where the Company has completed additional widely spaced step-out drilling, within a 1 km trend of open, highly prospective ground, extending eastward from the currently modeled bounds of the zone (see Figure 4).

    ‘These results reinforce the South Zone as the focus of our drilling program, yet they also highlight that it sits within what is clearly an exceptionally large and continuous copper-gold system at NAK that exists far beyond what is the South Zone. The consistent near-surface mineralization and significant step-out extensions in multiple directions confirm both the scale and the potential of NAK,’ said Anthony Moreau, CEO of American Eagle Gold Corp.

    View Interactive 2D Map of NAK

    View Core Photos for Released Holes

    Watch: Webinar with Anthony Moreau and Neil Prows Discussing Significance of January 15 Results

    NAK25-62 Assay Results (Table 1) and Details*

    Hole From To Length Cu % Au g/t Ag g/t Mo ppm CuEq %
    NAK25-62 124 264 140 0.28 0.35 1.2 100 0.74
    Within
    NAK25-62 75 264 189 0.23 0.28 1.1 90 0.61
    And
    NAK25-62 483 701 218 0.17 0.15 0.4 49 0.37
    Within
    NAK25-62 32 827 795 0.13 0.12 0.5 51 0.30

    View Clean Cross Section l View Combined Hole Cross Section l View Hole Location

    * Copper Equivalent (CuEq) shown in Tables for drill intercepts are calculated on the basis of US$ 4.50/lb for Cu, US$ 3,375/oz for Au, US$ 60/oz for Ag and US$ 25/lb for Mo, with 80% metallurgical recoveries assumed for all metals (since it’s unclear what metals will be the principal products, assuming different recoveries is premature at this stage). The formula is: CuEq. = Cu % + (Au grade in g/t x (Au recovery / Cu recovery) x [Au price ÷ 31] / [Cu price x 2200 x 1%]) + (Ag grade in g/t x (Ag recovery / Cu recovery) x [Ag price ÷ 31] / [Cu price x 2200 x 1%] + (Mo grade in % x (Mo recovery / Cu recovery) x [Mo price] / [Cu price]). The assays have not been capped.

    NAK25-62 was collared approximately 150 m to the east of NAK25-46 and drilled steeply to the west. This hole was designed to expand the known extent of South Zone mineralization to the east of the tested zone. NAK25-62 collared into interbedded siltstone, sandstone, and conglomerate, before transitioning into a well mineralized package of sandstone at a depth of 75 m. Concordant with the Company’s modelling, mineralization, consisting of disseminated and vein hosted chalcopyrite remained strong to a depth of 264 m, where the hole transitioned to a thinly bedded, less well mineralized package of fine-grained sedimentary rock. Disseminated chalcopyrite mineralization abruptly increases in abundance below this unit, at a depth of 480 m, coinciding with a transition to the well constrained mineralized conglomerate. As the hole traversed deeper, sulfide speciation gradually shifted to pyrite/pyrrhotite dominant, bottoming in concretion-bearing fine sandstone cut by narrow mafic dyking.

    NAK25-55 Assay Results (Table 2) and Details*

    Hole From To Length Cu % Au g/t Ag g/t Mo ppm CuEq %
    NAK25-55 97 231 134 0.13 0.21 1.3 14 0.40
    And
    NAK25-55 503 808 305 0.12 0.07 0.5 60 0.23
    Within
    NAK25-55 119 884 765 0.09 0.07 0.6 40 0.21

    View Cross Section l View Hole Location

    NAK25-55 was collared approximately 150 m south-southeast of NAK25-62 and drilled steeply to the west-northwest. The hole was designed to test both near surface and deep mineralization beyond the southeastern extent of drilling in the South Zone. The hole collared into interbedded sandstone and siltstone with subordinate lenses of conglomerate, to a depth of 300 m, where the hole’s first instance of fine grained mafic intrusive was encountered. The mafic unit continued to a depth of 400 m, where the hole transitioned into sparsely feldspar phyric porphyry dyking followed by conglomerate. Conglomerate predominated to a depth of 600 m, where thin beds of sandstone were interspersed with numerous intervals of fine grained mafic intrusive rock, which remained the dominant lithology to end of hole. Mineralization in NAK25-55 consisted of sparse chalcopyrite disseminations and stringers, primarily confined to sandstone and conglomerate lithologies, with local punctuations of vein hosted bornite confined to narrow zones within the lower intercept of mafic dyking.

    NAK25-69 Assay Results (Table 3) and Details*

    Hole From To Length Cu % Au g/t Ag g/t Mo ppm CuEq %
    NAK25-69 452 582 130 0.32 0.16 1.0 175 0.62
    Within
    NAK25-69 215 624 409 0.18 0.08 0.8 77 0.33
    Within
    NAK25-69 13 787 774 0.13 0.05 0.6 62 0.23

    View Cross Section l View Hole Location

    NAK25-69 was collared from the same location as NAK25-49, and drilled steeply to the west. This hole was designed to test the southern limits of mineralization, approximately 100 m south of the stronger than anticipated mineralization encountered in NAK25-41. The hole collared into interbedded sandstone and siltstone interspersed with thin beds of conglomerate, before entering dominantly conglomerate units at a depth of 175 m. The hole remained in conglomerate, cut by numerous instances of compositionally and texturally variable porphyry dyking, to a depth of 450 m, where interbedded fine to coarse sandstone prevailed as the dominant lithology. Mineralization in NAK25-69 was characterized by broad zones of low to moderate grade, represented by sparsely distributed chalcopyrite bearing quartz-anhydrite veins and sparse chalcopyrite disseminations, punctuated by shorter intervals of stronger grade, associated with bornite and dense chalcopyrite mineralization. The strongest zones of mineralization are commonly associated with the presence of porphyry dyking, notably between 452 and 582 m, where the dykes themselves host abundant chalcopyrite and bornite disseminations.

    NAK25-72 Assay Results (Table 4) and Details*

    Hole From To Length Cu ppm Au g/t Ag g/t Mo ppm CuEq %
    NAK25-72 166 245 79 0.28 0.11 1.3 217 0.54
    And
    NAK25-72 416 570 154 0.27 0.08 1.6 72 0.42
    Within
    NAK25-72 166 621 455 0.18 0.06 1.0 72 0.31

    View Cross Section l View Hole Location

    NAK25-72 was collared from the same location as NAK25-69 and drilled shallowly to the west, designed to test westward from the encouraging mineralization encountered previously in the steeper oriented NAK25-69. The hole collared into interbedded sandstone and siltstone, transitioning to conglomerate at a depth of 75 m. Conglomerate predominated to a depth of 350 m, succeeded by fine to coarse grained sandstone for the remainder of the hole. As with NAK25-69, mineralization was characterized by broad intervals of low grade disseminated chalcopyrite, punctuated by zones of vein hosted bornite and densely disseminated chalcopyrite mineralization commonly within and enveloping porphyry dykes of variable composition. Sulfide speciation within the disseminated mineralization transitions from chalcopyrite dominant to pyrite-pyrrhotite dominant, as the hole traverses farther to the west, with local zones of chalcopyrite dominant sporadically throughout.

    NAK25-65 Assay Results (Table 5) and Details*

    Hole From To Length Cu % Au g/t Ag g/t Mo ppm CuEq %
    NAK25-65 211 339 128 0.18 0.05 0.8 23 0.26
    Within
    NAK25-65 7 575 568 0.09 0.03 0.6 20 0.15

    View Cross Section l View Hole Location

    NAK25-65 was collared approximately 120 m west-southwest of NAK25072/69, designed to test the southwestern limits of known South Zone mineralization. This hole encountered a similar association of interbedded coarse to fine sedimentary rocks, transitioning to conglomerate, and finally sandstone, as described above in NAK25-72 and 69. Similarly to NAK25-72, the best mineralization was strongly associated with narrow intervals of feldspar phyric porphyry dyking, intruding weakly mineralized sedimentary host rocks. Sulfide speciation within the sedimentary units transitions from chalcopyrite-pyrite to pyrite dominant as the hole traversed farther to the west, and consistent with drilling elsewhere at NAK, the hole was terminated when pyrite was observed to be the dominant disseminated sulfide.

    Collar details for holes in this release (table 6):

    Hole UTM_Grid UTM_East UTM_North Azimuth Inclination TD (m)
    NAK25-55 NAD83_Z9 675620 6129124 280 -75 884
    NAK25-62 NAD83_Z9 675575 6129266 265 -75 827
    NAK25-65 NAD83_Z9 675191 6129109 265 -50 575
    NAK25-69 NAD83_Z9 675297 6129153 255 -75 787
    NAK25-72 NAD83_Z9 675297 6129153 255 -55 621

    QA/QC and Sampling Protocol

    Sampling at NAK follows a rigorous methodology and internal QA/QC protocol. Drill core is halved on site, and samples are submitted to ALS Geochemistry in Langley, British Columbia for preparation and analysis. ALS is accredited to the ISO/IEC 17025 standard for assays. All analytical methods include quality control standards inserted at set frequencies. The entire sample interval is crushed and homogenized, and 250 g of the homogenized sample is pulped. All samples were analyzed for gold, silver, copper, molybdenum and a suite of 45 other major and trace elements. Analysis for gold is by fire assay fusion followed by Inductively Coupled Plasma Atomic Emission Spectroscopy (ICP-AES) on 30 g of pulp. Analysis for silver, copper, and molybdenum and all other major and trace elements are analyzed by four-acid digestion followed by Inductively Coupled Plasma Mass Spectroscopy (ICP-MS).

    Internal QA/QC protocols dictate that individual core samples are no less than 70 cm and no greater than 3 m in length. To control standard, blank, and duplicate sample frequency, and to better constrain pass/fail re-analysis intervals, samples are submitted to the lab in 50 sample batches. Within each 50-sample batch, there is one gold-copper standard and two coarse reject duplicates, inserted at regular intervals, and two blank samples, inserted sequentially following well-mineralized samples where possible, for a total of 10% QA/QC samples. All gold and copper standard analyses from the 2024 program passed within 3 standard deviations of expected values. Where duplicate values differed significantly, the lower values from the resulting re-analyses were used.

    About American Eagle’s NAK Project

    The NAK Project lies within the Babine copper-gold porphyry district of central British Columbia. It has excellent infrastructure through all-season roads and is close to the towns of Smithers, Houston, and Burns Lake, B.C., which lie along a major rail line and Provincial Highway 16. Historical drilling and geophysical, geological, and geochemical work at NAK, which began in the 1960’s, tested only to shallow depths. Still, the work revealed a very large near-surface copper-gold system that measures over 1.5 km x 1.5 km. Drilling completed by American Eagle in 2022, 2023, and 2024 returned significant intervals of high-grade copper-gold mineralization that reached beyond and much deeper than the historical drilling, indicating that zones of near-surface and deeper mineralization, locally with considerably higher grades, exist within the broader NAK property mineralizing system. Drilling is currently in progress, with over 16,500 metres drilled across 26 holes out of the planned 30,000-metre drill program. Three drills are actively operating, including one helicopter-supported hole, and expected to continue into December.

    For the latest videos from American Eagle, Ore Group, and all things mining, subscribe to our YouTube Channel: youtube.com/@theoregroup

    About American Eagle Gold Corp.

    American Eagle is dedicated to advancing its NAK copper-gold porphyry project in west-central British Columbia, Canada. The Company benefits from over $36 million in cash, bolstered by two strategic investors formed in the past two years with Teck Resources and South32. With substantial financial and technical resources, American Eagle Gold is well-positioned to drill, de-risk, and define the full potential of the NAK Copper-Gold porphyry project.

    Anthony Moreau, Chief Executive Officer

    416.644.1567
    amoreau@oregroup.ca
    www.americaneaglegold.ca

    Q.P. Statement

    Mark Bradley, B.Sc., M.Sc., P.Geo., a Certified Professional Geologist and independent ‘qualified person’ for the purposes of Canada’s National Instrument 43-101 Standards of Disclosure for Mineral Properties, has verified and approved the information contained in this news release.

    Forward-Looking Statements

    Certain information in this press release may contain forward-looking statements. Forward-looking statements in this press release include, but are not limited to: including statements relating to the use of proceeds of the Offering, the tax treatment of the Charity FT Shares, the receipt of all necessary regulatory approvals in connection with the Offering, the 2025 drill program or its anticipated results at the Company’s NAK project, the ability of the Company to make the Qualifying Expenditures as anticipated by management, and other matters ancillary or incidental to the foregoing. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Therefore, actual results might differ materially from those suggested in forward-looking statements. American Eagle Gold Corp. assumes no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those reflected in the forward-looking statements unless and until required by securities laws applicable to American Eagle Gold Corp. Additional information identifying risks and uncertainties is contained in filings by American Eagle Gold Corp. with Canadian securities regulators, which filings are available under American Eagle Gold Corp. profile at www.sedarplus.ca.

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

    Source

    This post appeared first on investingnews.com

    The Senate advanced a three-bill spending package through its final procedural hurdle on Thursday, teeing up a final vote later in the day.

    Lawmakers are in a mad dash to avert a partial government shutdown after just exiting the longest closure in history a few short months ago, and they have a deadline on Jan. 30 to beat.

    Thursday’s first vote was a key test of whether the warring parties could come together or again fall victim to political divisions as they did in September. The overwhelmingly bipartisan vote proved, for now, that Senate Republicans and Democrats have a truce in the government funding battle.

    The roughly $174 billion package, which cruised through the House last week, includes funding bills for commerce, justice, science and related agencies; energy and water development and related agencies; and interior, environment and related agencies.

    If passed later on Thursday, it’ll mark six total spending bills that lawmakers have put on President Donald Trump’s desk.

    But it’s only halfway to the magic dozen that are needed to fund the government. Many lawmakers acknowledge that given the short amount of time left before the deadline, and lingering issues with the Department of Homeland Security (DHS) funding bill, a short-term funding extension, known as a continuing resolution (CR), will be needed to prevent a shutdown.

    Senate Majority Leader John Thune, R-S.D., was hopeful that another round of funding bills brewing in the House could solve the DHS issue. But he didn’t shut down the possibility that lawmakers may need to use a CR just for that agency as political divisions bubble up.

    ‘That will be the hardest one for sure,’ Thune said. ‘And I can’t predict what happens, but I think you have to, you know, reserve some optionality.’

    Congressional Democrats have put their foot down on the DHS funding bill, demanding restrictions on Immigration and Customs Enforcement (ICE) agents in the wake of the shooting of Renee Nicole Good by an ICE agent.

    But it’s unlikely Republicans will play ball with that request, meaning the bill will stay in limbo for the time being. That divide won’t be an easy mountain to climb, and the Senate is gearing up to leave for a week, returning to Washington, D.C., the week of the funding deadline.

    Senate Democrats also don’t want to turn to a year-long CR, a good sign that Senate Minority Leader Chuck Schumer, D-N.Y., and his caucus are serious about finishing the work of funding the government.

    Earlier this week, Schumer lauded Democratic negotiators who worked on the package, and noted that it was full of their own spending priorities meant to push back against Trump.

    ‘Their leadership stopped the worst of Donald Trump’s devastating cuts, protected investments that millions of Americans depend on, from education to housing to jobs,’ Schumer said. ‘Though this isn’t the finish line, it’s a good step in the right direction.’


    This post appeared first on FOX NEWS

    President Donald Trump seemed to remain ambivalent about the possibility of exiled Iranian Crown Prince Reza Pahlavi taking over the country if the Islamic regime were to fall.

    ‘He seems very nice, but I don’t know how he’d play within his own country,’ Trump told Reuters during an interview on Wednesday. ‘And we really aren’t up to that point yet.

    ‘I don’t know whether or not his country would accept his leadership, and certainly if they would, that would be fine with me,’ he added.

    Trump has yet to take a clear stance on Pahlavi since protests erupted in Iran late last month. On Jan. 8, during an interview with Hugh Hewitt, Trump said that he was unsure about meeting with Pahlavi amid the unrest in Iran, saying it might not be ‘appropriate.’

    ‘I’ve watched him, and he seems like a nice person, but I’m not sure that it would be appropriate at this point to do that as president,’ Trump said. ‘I think that we should let everybody go out there, and we see who emerges.’

    Pahlavi has made repeated appeals to Trump amid the raging protests in Iran. On Jan. 9, after the Islamic regime instituted a sweeping internet blackout, Pahlavi posted ‘an urgent and immediate call’ to the president on X, urging him to ‘be prepared to intervene to help the people of Iran.’

    The exiled crown prince made a similar plea during an appearance on ‘Sunday Morning Futures.’ He issued a message directly to Trump while speaking with Fox News’ Maria Bartiromo.

    ‘You have already established your legacy as a man committed to peace and fighting evil forces,’ Pahlavi said on ‘Sunday Morning Futures.’ ‘There is a reason why people in Iran are renaming streets after your name. They know that you are totally opposite to Barack Obama or Joe Biden. They know you’re not going to throw them under the bus as they have had before.’

    While Trump has publicly expressed his hesitation toward Pahlavi, there was reportedly a meeting between the exiled crown prince and high-level U.S. officials. The meeting was first reported by Axios and allegedly included White House special envoy Steve Witkoff and Trump’s son-in-law, Jared Kushner. The outlet noted that Pahlavi is trying to position himself as a ‘transitional’ leader in the event that the regime falls.

    Pahlavi is the son of Iran’s last shah, Mohammad Reza Pahlavi, who ruled the country for decades before being overthrown during the 1979 Islamic Revolution, during which time his family was forced to flee the country. The crown prince lives in exile to this day, unable to return to Iran.


    This post appeared first on FOX NEWS

    House Democrats are demanding a congressional inquiry into the Trump administration’s criminal investigation of Federal Reserve Chairman Jerome Powell.

    Rep. Jamie Raskin, D-Md., the top Democrat on the House Judiciary Committee, is joining forces with Rep. Jared Moskowitz, D-Fla., and other members of their party to ask Chairman Jim Jordan, R-Ohio, to open the probe.

    ‘As Jerome Powell, the Trump-appointed Chair of the Federal Reserve Board, explained to the nation on Sunday, the Department of Justice (DOJ) has launched a sham criminal investigation into statements Chair Powell made about renovations to the Board’s historic building,’ the letter read.

    ‘That investigation is a flagrant attempt by the President to bully and intimidate the Board into setting interest rates not based on evidence, economic conditions, or the public interest but instead based on the President’s own whims.’

    The Democrats called the DOJ’s probe a ‘systematic assault on the independence of our central bank.’

    They asked Jordan to hold a public hearing on the issue and even potentially subpoena Attorney General Pam Bondi and relevant Department of Justice (DOJ) officials to testify.

    The investigation into Powell is being led by U.S. Attorney for the District of Columbia Jeanine Pirro, who accused Powell of not cooperating with her office’s search for information.

    Pirro also suggested there was no immediate threat of a criminal indictment, something Powell mentioned in his statement responding to the probe.

    ‘The United States Attorney’s Office contacted the Federal Reserve on multiple occasions to discuss cost overruns and the chairman’s congressional testimony, but were ignored, necessitating the use of legal process—which is not a threat. The word ‘indictment’ has come out of Mr. Powell’s mouth, no one else’s,’ Pirro wrote on X.

    ‘None of this would have happened if they had just responded to our outreach. This office makes decisions based on the merits, nothing more and nothing less. We agree with the chairman of the Federal Reserve that no one is above the law, and that is why we expect his full cooperation.’

    Powell said in a statement Sunday that DOJ was ‘threatening a criminal indictment related to my testimony before the Senate Banking Committee last June.’

    He alleged, however, that the investigation was really motivated by the Fed’s independence in setting interest rates despite President Donald Trump publicly pressuring the body to lower them at a faster pace.

    Trump has criticized Powell publicly on multiple occasions, including for the Fed’s pace of lowering interest rates.

    Trump denied any involvement in starting the probe in an interview with NBC News earlier this week, though adding, ‘he’s certainly not very good at the Fed, and he’s not very good at building buildings.’

    The president also told Reuters on Wednesday that he had no current plans to fire Powell.

    The probe nevertheless has caused some heartburn on both sides of Capitol Hill, with virtually all Democrats and even some Republicans pushing back against it.

    ‘Pursuing criminal charges relating to his testimony on building renovations at a time when the nation’s economy requires focus and creates an unnecessary distraction,’ House Financial Services Committee Chairman French Hill, R-Ark., said in a statement. ‘The Federal Reserve is led by strong, capable individuals appointed by President Trump, and this action could undermine this and future Administrations’ ability to make sound monetary policy decisions.’

    The White House referred Fox News Digital to the DOJ for comment on Democrats’ letter. Pirro’s office declined to comment.

    Fox News Digital also reached out to Jordan’s office for comment but did not immediately hear back.


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