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Biden’s supercharged federal contracting pipeline targeted for freeze after bribery bust, undercover sting

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Republican Iowa Sen. Joni Ernst, who chairs the Senate Small Business Committee, is urging 24 federal agencies to halt funding for a Biden-expanded program for ‘socially and economically disadvantaged’ business owners now under fire for alleged fraud and corruption, Fox News Digital has learned.

‘Despite concerns with the 8(a) program, Joe Biden opened the floodgates to fraud,’Ernst told Fox News Digital about the program. ‘I have found evidence of alarming, potentially fraudulent 8(a) awards made across government that need to be investigated. The program must be halted at every agency while a thorough review is conducted to ensure taxpayers are not being ripped off by con artists. Tax dollars designed to help small businesses must actually benefit all small businesses.’

The federal government’s 8(a) program is an initiative under the Small Business Administration (SBA) to assist ‘socially and economically disadvantaged’ small businesses, according to the agency’s website, including training and counseling, and exclusive access to federal contracting opportunities.

Ernst sent letters to the chiefs of 24 federal agencies that have established 8(a) programs — stretching from Transportation Secretary Sean Duffy to Department of Homeland Security Secretary Kristi Noem — calling on them to halt funding amid fraud concerns. 

‘The SBA’s 8(a) program is the largest set-aside program at the agency, which dished out $40+ billion in contract awards during fiscal year 2024 (FY 24) alone,’ Ernst wrote in the letters. ‘Yet decades of Government Accountability Office (GAO), SBA’s Office of Inspector General, and DOJ probes expose the same rot. Sloppy oversight and weak enforcement measures allow 8(a) participants to act as pass-through entities, snagging unlimited no-bid deals with little transparency.4 Every loophole guts public trust and rigs the system against honest competitors.’

Ernst said the Biden administration tripled the initiative’s contracting goals from an original aim of awarding 5% of federal contracts to 8(a) companies, up to 15% during his tenure. Ernst pointed to a recent Department of Justice bust in her push to halt funding, as well as an October guerrilla-style sting interview conducted by James O’Keefe that allegedly uncovered an 8(a) firm admitting ‘to Violating Federal Law, Using Minority-Owned Status as a Front to Obtain $100M+ No-Bid Government Contracts While Outsourcing 80% of the Work.’

The Department of Justice in June arrested four individuals in Maryland and Florida for running an alleged decade-long bribery scheme involving at least 14 8(a) contracts worth over $550 million in U.S. taxpayer dollars. One of the four men arrested was a government contractor for the United States Agency for International Development, according to the Department of Justice. The men pleaded guilty in the scheme. 

The scheme involved bribes such as cash, NBA tickets and a country club wedding, Fox News chief Washington correspondent Mike Emanuel reported in June. 

SBA Chief Kelly Loeffler ordered a full audit of all government contracting officers who have exercised grant-awarding authority under the agency’s business development program over the past 15 years back in June. She said the agency’s audit would begin with high-dollar and limited competition contracts within SBA’s 8(a) business development program. 

Loeffler, following O’Keefe’s investigation, opened an investigation related to that contract, she reported on X in October. 

The 8(a) program is facing intensifying heat after Secretary of the Treasury Scott Bessent announced ‘a comprehensive audit of all contracts and task orders awarded under preference-based contracting, totaling approximately $9 billion in contract value across Treasury and its bureaus’ in November. 

The audit is focused on the ‘Small Business Administration’s 8(a) Business Development Program, and other initiatives that provide federal contracting preferences to certain eligible businesses,’ the department reported at the time. 

That same month, Ernst introduced legislation, ‘Stop 8(a) Contracting Fraud Act,’ to halt funding to all new no-bid awards until a thorough audit and report of the program is conducted. 

Loeffler additionally sent letters to all 4,300 8(a) contractors across the federal government, which ordered ‘them to produce financial records as part of a comprehensive effort to root out fraud, waste, and abuse,’ she posted to X Friday. 

‘Evidence indicates that the 8(a) Program, initially designed for ‘socially and economically disadvantaged’ businesses, has become a pass-through vehicle for rampant abuse — especially during the Biden Administration, which aggressively prioritized DEI over merit in federal contracting,’ Loeffler added. 

‘While there’s no doubt that the Biden Administration’s indifference toward 8(a) program integrity enabled swindlers and fraudsters to treat federal contracting programs like personal piggy banks, 8(a) program flaws have raised alarm bells for decades,’ Ernst continued in her letters. 

Ernst is calling on the chiefs of the 24 agencies to pause contracting, audit current contracts, review set-aside contracts awarded by the respective agencies since fiscal year 2020 and to report to the Senate Committee on Small Business and Entrepreneurship with any findings by Dec. 22. 

Fox News Digital reached out to Biden’s office regarding his administration’s expansion of the program and recent investigations into alleged fraud schemes, but did not immediately receive a reply.

Fox News Digital’s Andrew Mark Miller and Peter Pinedo contributed to this report. 


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SCOTUS takes up Trump’s bid to fire FTC commissioner at will — a showdown that could topple 90-year precedent

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The Supreme Court will weigh the legality of President Donald Trump’s attempt to fire a member of the Federal Trade Commission without cause on Monday — a blockbuster legal fight that could fundamentally reshape the balance of powers across the federal government, and formally topple a 90-year-old court precedent.  

Justices agreed earlier this year to take up the case, which centers on Trump’s firing of Federal Trade Commission member Rebecca Slaughter, a Democrat, without cause and well before her term was slated to expire in 2029. 

Slaughter sued immediately to challenge her removal, arguing that it violated protections the Supreme Court enshrined in Humphrey’s Executor, a 1935 ruling that restricted a president’s ability to remove the heads of independent agencies, such as the FTC, without cause. 

Slaughter also argued her removal violates the Federal Trade Commission Act, or a 1914 law passed by Congress that shields FTC members from being removed by a president except in circumstances of ‘inefficiency, neglect of duty, or malfeasance in office.’

A federal judge sided with Slaughter’s lawyers in July, agreeing that her firing unlawfully exceeded Trump’s executive branch powers and ordered her reinstated. The Supreme Court in September stayed that decision temporarily, allowing Trump’s firing to remain in effect pending their review.

The Supreme Court’s willingness to review the case is a sign that justices might be ready to do away completely with Humphrey’s protections, which have already been weakened significantly over the last 20 years. Allowing Humphey’s to be watered down further, or overturned completely, could allow sitting presidents to wield more authority in ordering the at-will firing of members of other federal regulatory agencies, including the National Labor Relations Board and the Securities and Exchange Commission, among others, and replacing them with persons of their choosing.

The six conservative justices on the high court signaled as much when they agreed to review the case earlier this year. (Justices split along ideological lines in agreeing to take up the case, with Justices Elena Kagan, Sonia Sotomayor and Ketanji Brown Jackson dissenting.)

.

They asked both parties to come prepared to address two key questions in oral arguments: First, whether the removal protections for FTC members ‘violates the separation of powers and, if so, whether Humphrey’s Executor, should be overruled,’ and whether a federal court may prevent a person’s removal from public office, ‘either through relief at equity or at law.’

U.S. Solicitor General D. John Sauer has asked the high court to overrule Humphrey’s. He argued in a filing that the FTC authorities of today vastly exceed the authorities granted to the commission in 1935. ‘The notion that some agencies that exercise executive power can be sequestered from presidential control seriously offends the Constitution’s structure and the liberties that the separation of powers protects,’ he said.

A decision is expected to be handed down by the end of June.

The case, Trump v. Slaughter, is one of four cases the Supreme Court’s conservative majority has agreed to review this term that centers on key separation of powers issues, and questions involving the so-called unitary executive theory. 

Critics have cited concerns that the court’s decision to take up the cases could eliminate lasting bulwarks in place to protect against the whims of a sitting president, regardless of political party.

It also comes as justices for the Supreme Court’s 6-3 conservative majority have grappled with a flurry of similar lawsuits filed this year by other Trump-fired Democratic board members, including Gwynne Wilcox of the National Labor Relations Board (NLRB) and Cathy Harris of the Merit Systems Protection Board (MSPB).

The arguments in Trump v. Slaughter will be closely watched and are expected to inform how the court will consider a similar case in January, centered on Trump’s attempted ouster of Federal Reserve Governor Lisa Cook.

Since taking office, Trump has signed hundreds of executive orders and ordered sweeping personnel actions that have restructured federal agencies and led to mass layoffs across federal agencies, including leaders that were believed to be insulated from the whims of a sitting president.


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Electric Royalties Provides Update on Critical Metals Royalty Portfolio

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VANCOUVER, BC / ACCESS Newswire / December 8, 2025 / Electric Royalties Ltd. (TSXV:ELEC,OTC:ELECF)(OTCQB:ELECF) (‘Electric Royalties’ or the ‘Company’) is pleased to provide an update on key royalties in its portfolio, adding to the December 2, 2025 announcement of royalty revenues and other milestones relating to the Company’s copper assets.

Electric Royalties CEO Brendan Yurik commented: ‘Across our portfolio, the latest project updates reinforce our clear trajectory toward value creation and de-risking. We are particularly encouraged that the past-producing Graphmada Graphite Mine is now under active review for expanded production – with a Stage-2 scoping study underway – positioning Graphmada as a premier graphite supply-chain asset as Western economies increasingly prioritize non-China sources for battery-anode and advanced industrial demand.

‘We are also pleased to highlight the battery-performance breakthrough by Manganese X, where Phase 2 results using material from the Battery Hill Manganese Project delivered 70% capacity retention after 4,600 cycles – a meaningful validation of the commercial potential of Battery Hill’s high-purity manganese material. With the benefit of financial backing from leading mining investor Eric Sprott, Manganese X now moves into Phase 3 testing while also working towards completion of the Battery Hill pre-feasibility study.

‘At the same time, the operators of our lithium and iron-vanadium royalties continue to advance toward major development milestones. Both the Seymour Lake Lithium Project and the Mont Sorcier Iron and Vanadium Project are now on track to deliver feasibility studies in Q2 2026, supported by strengthened funding pathways, infrastructure commitments, and ongoing resource-growth work.

‘We also welcomed positive momentum at the Kenbridge Nickel Project, including the commencement of drilling.

‘Taken together, these updates highlight the growing strength, diversification, and maturity of our asset base. With multiple catalysts ahead, including multiple feasibility studies and continued technical advancements across the portfolio, we believe we are well-positioned to benefit from rising demand across the critical-minerals space and to deliver sustained, long-term value for shareholders.’

Highlights since the Company’s previous updates (see Electric Royalties’ news releases dated December 2, 2025 and September 4, 2025) include:

    About Electric Royalties Ltd.
    Electric Royalties is a royalty company established to take advantage of the demand for a wide range of commodities (lithium, vanadium, manganese, tin, graphite, cobalt, nickel, zinc and copper) that will benefit from the drive toward electrification of a variety of consumer products: cars, rechargeable batteries, large scale energy storage, renewable energy generation and other applications.

    Electric vehicle sales, battery production capacity and renewable energy generation are slated to increase significantly over the next several years and with it, the demand for these targeted commodities. This creates a unique opportunity to invest in and acquire royalties over the mines and projects that will supply the materials needed to fuel the electric revolution.

    Electric Royalties has a growing portfolio of 43 royalties in lithium, vanadium, manganese, tin, graphite, cobalt, nickel, zinc and copper across the world. The Company is focused predominantly on acquiring royalties on advanced stage and operating projects to build a diversified portfolio located in jurisdictions with low geopolitical risk, which offers investors exposure to the clean energy transition via the underlying commodities required to rebuild the global infrastructure over the next several decades toward a decarbonized global economy.

    Company Contact
    Brendan Yurik
    CEO, Electric Royalties Ltd.
    Phone: (604) 364‐3540
    Email: Brendan.yurik@electricroyalties.com
    https://www.electricroyalties.com/

    Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange), nor any other regulatory body or securities exchange platform, accepts responsibility for the adequacy or accuracy of this release.

    Cautionary Statements Regarding Forward-Looking Information and Other Company Information
    This news release includes forward-looking information and forward-looking statements (collectively, ‘forward-looking information’) with respect to the Company within the meaning of Canadian securities laws. This news release includes information regarding other companies and projects owned by such other companies in which the Company holds a royalty interest, based on previously disclosed public information disclosed by those companies and the Company is not responsible for the accuracy of that information, and that all information provided herein is subject to this Cautionary Statement Regarding Forward-Looking Information and Other Company Information. Forward looking information is typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. This information represents predictions and actual events or results may differ materially. Forward-looking information may relate to the Company’s future outlook and anticipated events and may include statements regarding the financial results, future financial position, expected growth of cash flows, business strategy, budgets, projected costs, projected capital expenditures, taxes, plans, objectives, industry trends and growth opportunities of the Company and the projects in which it holds royalty interests.

    While management considers these assumptions to be reasonable, based on information available, they may prove to be incorrect. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company or these projects to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. These risks, uncertainties and other factors include, but are not limited to risks associated with general economic conditions; adverse industry events; marketing costs; loss of markets; future legislative and regulatory developments involving the renewable energy industry; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; the mining industry generally, recent market volatility, income tax and regulatory matters; the ability of the Company or the owners of these projects to implement their business strategies including expansion plans; competition; currency and interest rate fluctuations, and the other risks.

    The reader is referred to the Company’s most recent filings on SEDAR+ as well as other information filed with the OTC Markets for a more complete discussion of all applicable risk factors and their potential effects, copies of which may be accessed through the Company’s profile page at sedarplus.ca and at otcmarkets.com.

    SOURCE: Electric Royalties Ltd.

    View the original press release on ACCESS Newswire

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    Noble Adopts Shareholder Rights Plan and Engages Investor Relations Consultant

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    (TheNewswire)

    Noble Mineral Exploration Inc.

    Toronto, Ontario TheNewswire – December 8, 2025 Noble Mineral Exploration Inc. ( ‘Noble’ or the ‘Company’ ) (TSX-V:NOB, FRANKFURT: NB7, OTCQB.PK:NLPXF) announces adoption of Shareholder Rights Plan Agreement and engagement of Investor Relations Consultant.

    Shareholder Rights Plan Agreement

    The Shareholder Rights Plan Agreement (the ‘ Plan ‘) was adopted to help ensure to the extent possible, the fair treatment of shareholders in the event of any take-over bid, other acquisition of control, and/or ‘creeping’ take-over bid for the Company without payment to all shareholders of an adequate control premium. A creeping takeover bid occurs where acquisition of a significant interest in the Company takes place through a number of share purchases over time. When faced with a takeover bid, the Plan also provides Noble’s Board of Directors (the ‘ Board ‘) with time to pursue, if appropriate, other alternatives to maximize shareholder value. Under the Plan, rights (the ‘ Rights ‘) have been issued to holders of Noble common shares at a rate of one Right for each common share.  The effect of those Rights is to ensure that if a takeover bid is underway for Noble or another party has acquired control (or 20% or more) of Noble’s shares, the Board and/or shareholders of Noble will be provided time to consider the bid and evaluate alternatives.  The Plan is very similar to rights plans adopted by other Canadian issuers, and it was not adopted in response to any specific proposal or intention to acquire control of the Company.

    The Plan is effective immediately for an initial term of three years but is subject to ratification by shareholders of the Company at the annual general and special meeting being scheduled for February 2026 or such other date to be approved by the Board (the ‘ AGM ‘).  The TSX Venture Exchange (the ‘ TSXV ‘) has conditionally approved the Plan subject to Noble obtaining shareholder approval and satisfying certain other conditions.

    The Plan is contained in an agreement entered into with TSX Trust Company, the Company’s transfer agent, and it will be attached to the management information circular (the ‘ Circular ‘) to be prepared for the AGM.  If the Plan is not approved by shareholders at the AGM and is not otherwise approved by shareholders of Noble by June 6, 2026, the Plan and all Rights issued thereunder will then terminate.  Assuming that Noble’s shareholders will approve the Plan at the AGM, the adoption of the Plan will remain subject to final acceptance by TSXV.

    Investor Relations Consultant

    Noble announces that it has retained the services of GRA Enterprises LLC DBA National Inflation Association (‘ NIA ‘) to provide investor relations services to the Company (the ‘ Services ‘) for an initial term of six (6) months, which term may be renewed by Noble for an additional term of three, six or twelve months. The aggregate consideration for the Services provided during the initial term is USD$50,000 payable in three tranches. The Services include communications of Noble’s activities through NIA’s Inflation.us social media, and contacts with the financial community, shareholders, investors and other stakeholders for the purpose of increasing awareness of the Company and its activities. NIA started to reach out to stakeholders of the Company on December 3, 2025.

    NIA and its affiliates currently hold no shares of the Company, however NIA may from time to time acquire or dispose of securities of the Company through the market, privately or otherwise, as circumstances or market conditions warrant. NIA is at arm’s length to Noble and has no other relationship with the Company, except pursuant to the Services agreement. The retention of NIA to provide the Services is subject to regulatory approval by TSXV.

    About Noble Mineral Exploration Inc.

    Noble Mineral Exploration Inc. is a Canadian-based junior exploration company, which has holdings of securities in Canada Nickel Company Inc., Homeland Nickel Inc., East Timmins Nickel Inc. (20%), and its interest in the Holdsworth gold exploration property in the area of Wawa, Ontario.

    Noble holds mineral and/or exploration rights in ~70,000ha in Northern Ontario and ~24,567ha elsewhere in Quebec and Labrador, upon which it plans to generate option/joint venture exploration programs.

    Noble holds mineral rights and/or exploration rights in ~18,000 hectares in the Timmins-Cochrane areas of Northern Ontario known as Project 81, ~2,215 hectares in Thomas Twp/Timmins, as well as an additional 20% interest in ~38,700 hectares in the Timmins area and ~175 hectares of mining claims in Central Newfoundland. Project 81 hosts diversified drill-ready gold, nickel-cobalt and base metal exploration targets at various stages of exploration. Noble also holds ~4,600 hectares in the Nagagami Carbonatite Complex and its ~3,200 hectares in the Boulder Project both near Hearst, Ontario.  ~3,700 hectares in the Buckingham Graphite Property, ~10,152 hectares in the Havre St Pierre  Nickel, Copper, PGM property, and ~1,573 hectares in the Cere-Villebon Nickel, Copper, PGM property, ~569 hectare Uranium/Rare Earth property (Chateau), ~461 hectare Uranium/Molybdenum property (Taser North),  ~4,465 hectares REE Mehmet Property, and the ~3300 hectare Gull Lake REE Property all of which are in the Province of Quebec and the ~ 647 hectare Chapiteau REE property in Labrador .

    https://www.noblemineralexploration.com

    Noble’s common shares trade on the TSX Venture Exchange under the symbol ‘NOB’.

    Cautionary Statement

    Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

    The foregoing information may contain forward-looking statements relating to the future performance of Noble Mineral Exploration Inc. Forward-looking statements, specifically those concerning future performance, are subject to certain risks and uncertainties, and actual results may differ materially from the Company’s plans and expectations. These plans, expectations, risks and uncertainties are detailed herein and from time to time in the filings made by the Company with the TSX Venture Exchange and securities regulators.  Noble Mineral Exploration Inc. does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.

    Contacts: H. Vance White, President

    Phone:        416-214-2250

    Fax:        416-367-1954

    Email: info@noblemineralexploration.com

    Copyright (c) 2025 TheNewswire – All rights reserved.

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    Romios Proposes Name Change and Share Consolidation, Annual General and Special Meeting Scheduled for January 16, 2026

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    Romios Gold Resources Inc. (TSXV: RG,OTC:RMIOF) (OTCID: RMIOF) (FSE: D4R) (‘Romios Gold’ or the ‘Company’) is pleased to announce that the Company will be seeking shareholder approval for a proposed name change to ‘Oreterra Metals Corp.’ (the ‘Name Change’) and a consolidation of the Company’s outstanding common shares (the ‘Shares’) on the basis of up to a maximum of ten (10) pre-consolidation Shares for one (1) post-consolidation share (the ‘Consolidation’) at the discretion of the Board of Directors. Both the Name Change and the Consolidation will be put to a shareholder vote at the Company’s forthcoming Annual General and Special Meeting (‘AGSM’) scheduled for January 16, 2026, voting materials for which will be available shortly.

    Rationale for proposed name change and share consolidation

    Management is seeking approval for both steps in keeping with its recent efforts, exhibited in the period since June, to re-establish the Company’s market appeal and position it to drill the Trek South, BC copper-gold porphyry prospect in the 2026 field season, which in the view of management offers high potential for building value for shareholders. Planning toward a maiden Trek South drill program is well advanced and an independent National Instrument 43-101 technical report (‘NI 43-101’) is being finalized, including a recommended budget for what is expected to be a multi-phased program. Management has past experience in the same general area of BC with successful exploration drilling programs on major porphyry copper-gold discoveries, and the financial resources required are considerable.

    Subject to a shareholder vote at the AGSM in favour of the proposed Name Change and the Consolidation, and the approval of the TSX Venture Exchange, management proposes to shortly thereafter undertake a significant financing on terms to be defined, to secure the capital required to execute on the program recommended in the NI 43-101. North American investors generally find it undesirable to invest in early-stage, pre-discovery junior exploration companies that have greatly inflated capital structures. It is therefore management’s view, based upon experience and the opinion of market professionals, that the Consolidation will be essential to the success of the proposed financing effort, noting that it will not change the value of individual shareholder positions in the Company, nor their proportional ownership thereof, but rather provide a basis, with the subsequent injection of new capital, for increasing the value of those individual holdings.

    Proposed consolidation

    Prior to giving effect to the proposed Consolidation, which will also affect all outstanding options and warrants of the Company, the Company currently has 328,059,969 Shares issued and outstanding. Assuming a Consolidation on the basis of ten (10) pre-Consolidation Shares for one (1) post-Consolidation Share, the Company will have approximately 32,805,996 post-Consolidation Shares issued and outstanding. No fractional Common Shares will be issued upon the Consolidation. In the event a holder of Common Shares would otherwise be entitled to receive a fractional Common Share in connection with the Consolidation, the number of Common Shares to be received by such shareholder will be rounded down to the next whole number and no cash consideration will be paid in respect of fractional shares. Shareholders’ proportional ownership in the Company will remain unchanged following the Consolidation.

    The Name Change and Consolidation are subject to the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange, and approval by at least two thirds of the votes cast by the holders of Shares present in person or by represented proxy at the AGSM. Shareholders will be advised of the new stock symbol for the Company when approved. It is anticipated that the Consolidation will take effect some weeks following the January 16, 2026, AGSM. 

    A letter of transmittal will be mailed to registered shareholders providing instructions with respect to surrendering share certificates representing pre-Consolidation Shares in exchange for post-Consolidation Shares issued as a result of the proposed Consolidation. All registered shareholders who submit a duly completed letter of transmittal along with their respective share certificate(s) representing the pre-Consolidation Shares to the Company’s transfer agent, TSX Trust Company, will receive a certificate representing the post-Consolidation Shares. Until surrendered, each certificate representing pre-Consolidation Shares will be deemed to represent the number of post-Consolidation Shares the holder would be entitled to receive as a result of the Consolidation. Shareholders who hold their Shares in brokerage accounts or in book-entry form are not required to take any action. Outstanding securities convertible or exercisable into Common Shares will also be adjusted by the Consolidation ratio, and the exercise price of such securities will be adjusted accordingly.

    About Romios Gold Resources Inc.

    Romios Gold Resources Inc. is a TSXV-listed mineral exploration company focused primarily on gold, copper and silver. The Company has crafted an ambitious business plan to advance Romios, primarily by refocusing its efforts on achieving discoveries through the drill bit. The Company holds several wholly-owned porphyry copper-gold prospects in British Columbia’s Golden Triangle, the most significant of which is the Trek South prospect, upon which a range of geosciences applied to it in the period since 2022 including mapping, sampling, magnetic, IP and MT geophysical surveys, have delivered high-order, complementary results that all vector to the same conclusion: that the target area offers high discovery potential. A drill permit is in place and an updated NI 43-101 with plan and budget is under preparation. Trek South is located adjacent to Teck-Newmont’s Galore Creek deposits, presently undergoing pre-feasibility studies, and is bisected by the road right-of-way thereto. First-ever drilling of Trek South is planned for the 2026 field season.

    Additional wholly-owned interests include two former producers in Nevada: the Kinkaid claims in the Walker Lane trend covering numerous shallow Au-Ag-Cu workings over what is believed to be one or more porphyry centres (source: J.Biczok, P.Geo, June 2025, Kinkaid Gold-Copper-Silver Project, www.romios.com), and the Scossa mine property in the Sleeper trend which is a former high-grade gold producer (source: J.Biczok, P.Geo, July 2025, Scossa Historic Gold Mine Property, www.romios.com). The Company also holds a 100% interest in the large-scale Lundmark-Akow Lake Au-Cu property adjacent to the northwest of the Musselwhite Mine, where drilling by the Company has produced highly encouraging, broad VMS-style Au-Cu intersections. Romios also retains an ongoing interest in several properties including a 2% NSR on McEwen Mining’s Hislop gold property in Ontario and a 2% NSR on Enduro Metals’ Newmont Lake Au-Cu-Ag property in BC.

    For further information visit www.romios.com or contact:

    Kevin M. Keough  Stephen Burega
    Chief Executive Officer  President
    Tel: 613 622-1916  Tel: 647 515-3734
    Email: kkeough@romios.com  Email: sburega@romios.com 

     

    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.

    Cautionary Statement Regarding Forward-Looking Information

    This news release includes certain ‘forward-looking statements’ which are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as ‘believes’, ‘anticipates’, ‘expects’, ‘estimates’, ‘may’, ‘could’, ‘would’, ‘will’, or ‘plan’. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to failure to identify mineral resources, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate First Nations, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company’s public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

    Corporate Logo

    To view the source version of this press release, please visit https://www.newsfilecorp.com/release/277224

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    Anteros Metals Provides Corporate Update on Seagull Critical Minerals Project, Ontario

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    Anteros Metals Inc. (CSE: ANT) (‘Anteros’ or the ‘Company’) is pleased to announce that, further to its news release dated October 9, 2025, the Company and Rift Minerals Inc. (‘Rift’) are moving ahead with a fully funded and fully permitted January 2026 deep drill program designed to evaluate a previously untested geophysical anomaly at the Seagull Critical Minerals Project (the ‘Project’), located approximately 80 kilometres northeast of Thunder Bay, Ontario. Rift, as Operator, will conduct the drilling on this exploration-stage property, which is being evaluated for platinum group elements (PGEs), nickel, copper, hydrogen, and helium.

    Anteros has raised a total of $824,530, consisting of $604,530 in flow-through funds and $220,000 in hard-dollar funds, pursuant to the press releases for Tranche 1 (November 3, 2025) and Tranche 2 (November 21, 2025). The Company was granted an option (the ‘Option’) to acquire up to a 49% undivided interest in the Seagull Project.

    To exercise the Option, Anteros has agreed to:

    • Underwrite the Phase 1 cost of a planned 1,350-metre drillhole (the ‘Drilling’) to earn a contingent 20% interest in the Project (‘Phase 1’). Rift has presented a drill plan and a budget of $600,000 to fully execute the Phase 1 deep drillhole;
    • Make a one-time upfront $50,000 cash payment to Rift prior to the commencement of drilling; and
    • Pending Phase 1 results, consider completing a second phase of exploration based on recommendations arising from Phase 1.

    The planned deep drillhole is designed to test a low-velocity geophysical anomaly identified by Rift’s Ambient Noise Tomography (ANT) survey, located beneath the Seagull mafic-ultramafic intrusion. This anomaly represents a subsurface zone of interest that has not previously been drill tested.

    The drill program will also incorporate specialized downhole gas sampling, as historical drill records from 2001 documented the presence of gas encountered in a prior borehole on the intrusion. Gas testing and sample acquisition will be completed by LTD Production Services Ltd., under the direction of Edelgas Group: Rare Gas Consultants. Gas sampling is investigatory in nature and does not imply the presence of commercial gas resources.

    ABOUT THE SEAGULL PROJECT

    The Seagull Project is located approximately 80 kilometres northeast of Thunder Bay, Ontario, and covers the interpreted mafic-ultramafic Seagull Intrusion within the Nipigon Basin. Historical exploration between 1998 and 2012 included airborne geophysical surveys and approximately 20,000 metres of diamond drilling, which reported disseminated to semi-massive sulphide mineralization containing nickel, copper, and platinum-group elements along parts of the intrusion’s basal contact. These results are historical in nature and have not been independently verified by Anteros.

    In 2024, Rift completed an Ambient Noise Tomography (ANT) survey to refine the internal geometry of the intrusion. The survey outlined contrasting velocity domains interpreted to reflect lithological and alteration variations. These interpretations have not been tested by drilling and remain unverified by Anteros. This news release represents the first public disclosure of the 2024 ANT survey results and is provided in accordance with NI 43-101 Section 3.5. The upcoming Phase 1 drillhole will provide the first subsurface evaluation of the deeper ANT anomaly.

    QUALIFIED PERSON

    The scientific and technical information in this news release relating to the Seagull Project was prepared by Rift Minerals Inc. and has been reviewed and approved by Dr. Geoff Heggie, P.Geo. (Ontario), a Qualified Person under National Instrument 43-101. This information has not been independently verified by Anteros Metals Inc. and is provided for geological context only.

    ABOUT Anteros Metals Inc.

    Anteros Metals Inc. is a Canadian exploration company focused on advancing a pipeline of critical-minerals projects across Newfoundland and Labrador and select Canadian jurisdictions. The Company targets copper, nickel, zinc, and emerging strategic commodities that support the global energy transition. Immediate plans for its flagship Knob Lake Property include bringing the historical Fe-Mn Mineral Resource Estimate into current status and commencing baseline environmental and feasibility studies.

    ABOUT RIFT MINERALS INC.

    Rift Minerals Inc. is a private corporation based in Thunder Bay, Ontario, founded in 2024 by Steven Stares, Michael Stares, Cliff Hickman and Abraham Drost, M.Sc., P.Geo. (Ontario). Rift has completed early-stage exploration work on the Seagull Project, including an Ambient Noise Tomography (ANT) survey completed by Sisprobe, France. The resulting assessment report has been filed with the Ontario Ministry of Energy and Mines for assessment credit. Additional information about Rift Minerals Inc. is available through publicly accessible sources.

    For further information:
    Email: info@anterosmetals.com | Phone: +1-709-769-1151
    Web: www.anterosmetals.com

    On behalf of the Board of Directors:
    Chris Morrison
    Director
    chris@anterosmetals.com | +1-709-725-6520
    16 Forest Road, Suite 200, St. John’s, NL, Canada A1X 2B9

    Cautionary Statement Regarding Forward-Looking Information

    This news release may contain ‘forward-looking information’ and ‘forward-looking statements’ within the meaning of applicable Canadian securities legislation. All information contained herein that is not historical in nature may constitute forward-looking information. Forward-looking statements herein include but are not limited to statements relating to the prospects for development of the Company’s mineral properties, and are necessarily based upon a number of assumptions that, while considered reasonable by management, are inherently subject to business, market and economic risks, uncertainties and contingencies that may cause actual results, performance or achievements to be materially different from those expressed or implied by forward-looking statements. Except as required by law, the Company disclaims any obligation to update or revise any forward-looking statements. Readers are cautioned not to put undue reliance on these forward-looking statements.

    Corporate Logo

    To view the source version of this press release, please visit https://www.newsfilecorp.com/release/277144

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    Alvopetro Announces November 2025 Sales Volumes

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     Alvopetro Energy Ltd. (TSXV: ALV,OTC:ALVOF) (OTCQX: ALVOF) announces November sales volumes of 2,851 boepd (based on field estimates). In Brazil, November sales averaged 2,702 boepd, including natural gas sales of 15.1 MMcfpd, associated natural gas liquids sales from condensate of 163 bopd and oil sales of 19 bopd. Natural gas deliveries continued at rates above our firm contracted volumes for much of the month of November, partially offset by the impact of planned facility shutdowns over a two-day period. In Canada, November sales averaged 149 bopd.

    Natural gas, NGLs and crude oil sales:

    November

    2025

        October

    2025

    Q3

    2025

    Brazil:

          Natural gas (Mcfpd), by field:

          Caburé

    9,880

    9,254

    8,735

          Murucututu

    5,243

    5,997

    3,558

          Total natural gas (Mcfpd)

    15,123

    15,251

    12,293

          NGLs (bopd)

    163

    206

    147

          Oil (bopd) (1)

    19

    18

    9

    Total (boepd) – Brazil

    2,702

    2,766

    2,205

    Canada:

          Oil (bopd) – Canada

    149

    157

    138

    Total Company – boepd(2)

    2,851

    2,923

    2,343

    (1)

    Oil sale volumes in Brazil relate to the Bom Lugar and Mãe da lua fields. Alvopetro has entered into an assignment agreement to dispose of the fields, the closing of which is subject to standard regulatory approvals, including approval of the ANP.

    (2)

    Alvopetro reported volumes are based on sales volumes which, due to the timing of sales deliveries, may differ from production volumes.

    Corporate Presentation

    Alvopetro’s updated corporate presentation is available on our website at: http://www.alvopetro.com/corporate-presentation. 

    Social Media

    Follow Alvopetro on our social media channels at the following links:
         X – https://x.com/AlvopetroEnergy
         Instagram – https://www.instagram.com/alvopetro/
         LinkedIn – https://www.linkedin.com/company/alvopetro-energy-ltd

    Alvopetro Energy Ltd. is deploying a balanced capital allocation model where we seek to reinvest roughly half our cash flows into organic growth opportunities and return the other half to stakeholders. Alvopetro’s organic growth strategy is to focus on the best combinations of geologic prospectivity and fiscal regime. Alvopetro is balancing capital investment opportunities in Canada and Brazil where we are building off the strength of our Caburé and Murucututu natural gas fields and the related strategic midstream infrastructure.

    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 news release.

    Abbreviations:

    boepd                                 

    =

    barrels of oil equivalent (‘boe’) per day

    bopd                                  

    =

    barrels of oil and/or natural gas liquids (condensate) per day

    Mcf                                    

    =

    thousand cubic feet

    Mcfpd                                

    =

    thousand cubic feet per day

    MMcf                                  

    =

    million cubic feet

    MMcfpd                              

    =

    million cubic feet per day

    NGLs                                    

    =

    natural gas liquids (condensate)

    BOE Disclosure

    The term barrels of oil equivalent (‘boe’) may be misleading, particularly if used in isolation. A boe conversion ratio of six thousand cubic feet per barrel (6 Mcf/bbl) of natural gas to barrels of oil equivalence is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. All boe conversions in this news release are derived from converting gas to oil in the ratio mix of six thousand cubic feet of gas to one barrel of oil.

    Contracted Firm Volumes

    The 2025 contracted daily firm volumes of 400 e3m3/d (before any provisions for take or pay allowances) represents volumes based on contract referenced natural gas heating value. Alvopetro’s reported natural gas sales volumes are prior to any adjustments for heating value of Alvopetro’s natural gas, which is approximately 7.8% higher than the contract reference heating value. Therefore, to satisfy the contractual firm deliveries Alvopetro would be required to deliver approximately 371 e3m3/d (13.1MMcfpd).

    Forward-Looking Statements and Cautionary Language

    This news release contains forward-looking information within the meaning of applicable securities laws. The use of any of the words ‘will’, ‘expect’, ‘intend’, ‘plan’, ‘may’, ‘believe’, ‘estimate’, ‘forecast’, ‘anticipate’, ‘should’ and other similar words or expressions are intended to identify forward-looking information. Forward‐looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not such results will be achieved. A number of factors could cause actual results to vary significantly from the expectations discussed in the forward-looking statements. These forward-looking statements reflect current assumptions and expectations regarding future events. Accordingly, when relying on forward-looking statements to make decisions, Alvopetro cautions readers not to place undue reliance on these statements, as forward-looking statements involve significant risks and uncertainties. More particularly and without limitation, this news release contains forward-looking statements concerning the gas sales and gas deliveries under Alvopetro’s long-term gas sales agreement, future production and sales volumes, and anticipated dispositions of certain assets, including conditions of closing. Forward-looking statements are necessarily based upon assumptions and judgments with respect to the future including, but not limited to the success of future drilling, completion, testing, recompletion and development activities and the timing of such activities, the performance of producing wells and reservoirs, well development and operating performance, expectations and assumptions concerning the timing of regulatory licenses and approvals, equipment availability, environmental regulation, including regulations relating to hydraulic fracturing and stimulation, the ability to monetize hydrocarbons discovered, the outlook for commodity markets and ability to access capital markets, foreign exchange rates, the outcome of any disputes, the outcome of  redeterminations, general economic and business conditions, forecasted demand for oil and natural gas, the impact of global pandemics, weather and access to drilling locations, the availability and cost of labour and services, and the regulatory and legal environment and other risks associated with oil and gas operations. The reader is cautioned that assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be incorrect. Actual results achieved during the forecast period will vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors. Current and forecasted natural gas nominations are subject to change on a daily basis and such changes may be material. In addition, the declaration, timing, amount and payment of future dividends remain at the discretion of the Board of Directors. Although we believe that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because we can give no assurance that they will prove to be correct. Since forward looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, risks associated with the oil and gas industry in general (e.g., operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production, costs and expenses, reliance on industry partners, availability of equipment and personnel, uncertainty surrounding timing for drilling and completion activities resulting from weather and other factors, changes in applicable regulatory regimes and health, safety and environmental risks), commodity price and foreign exchange rate fluctuations, market uncertainty associated with trade or tariff disputes, and general economic conditions. The reader is cautioned that assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be incorrect. Although Alvopetro believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Alvopetro can give no assurance that it will prove to be correct. Readers are cautioned that the foregoing list of factors is not exhaustive. Additional information on factors that could affect the operations or financial results of Alvopetro are included in our AIF which may be accessed on Alvopetro’s SEDAR+ profile at www.sedarplus.ca. The forward-looking information contained in this news release is made as of the date hereof and Alvopetro undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

    www.alvopetro.com
    TSX-V: ALV, OTCQX: ALVOF

    SOURCE Alvopetro Energy Ltd.

    Cision View original content: http://www.newswire.ca/en/releases/archive/December2025/08/c8655.html

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    House GOP seeks off-ramp to sky-high health insurance costs for millions of Americans

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    House Republicans are expected to reveal a roadmap sometime this month that they say will lower sky-high healthcare costs.

    House Speaker Mike Johnson, R-La., and House Majority Leader Steve Scalise, R-La., have both said they are speaking to various GOP factions to build consensus on what that plan should look like.

    In the meantime, Fox News Digital spoke with several GOP lawmakers about what they believe should be in such a package and found several commonalities on what they expect.

    ‘Health savings accounts (HSAs) need to be expanded to as many individual healthcare recipients or premium payers in our country. Like right now, it’s the people that can access a health savings account, usually high-deductible, catastrophic coverage, those types of plans,’ said House GOP Conference Vice Chair Blake Moore, R-Utah. ‘They’re really well-used, but they need to be extended so basically all Americans on some type of health insurance policy can use health savings accounts.’

    HSAs are accounts that allow people to set aside money pre-tax to pay for certain health expenses, but they are currently only available to people with high-deductible health insurance plans.

    Expanding HSA use proved a common theme among House Republicans who spoke with Fox News Digital about what they want to see in their party’s health plan.

    Another topic that came up frequently was reforming the pharmacy benefit manager (PBM) system, an issue that’s gotten bipartisan support in the past.

    PBMs are third parties that act as intermediaries between pharmaceutical companies and those responsible for insurance coverage, often responsible for administrative tasks and negotiating drug prices.

    PBMs have also been the subject of bipartisan ire in Congress, with both Republicans and Democrats accusing them of being part of a broken system to inflate health costs.

    ‘I had my own pharmacies for over 32 years, and I can tell you, bringing prescription drug prices down is as simple as is addressing the middleman, the PBMs that are causing increases and causing prices to stay high for drugs,’ Rep. Buddy Carter, R-Ga., said. ‘That is one of the quickest and the easiest ways to bring prescription drug prices down, by reeling them in.’

    Republican lawmakers also more broadly called for a competitive marketplace of health insurance plans.

    While few said they had any appetite for actually repealing and replacing the Obamacare system, most said they wanted Americans to have more options than just the federal program when choosing their own healthcare.

    ‘We see that Obamacare has now been around for almost 14 years, and it’s more expensive, and we have less choices than ever before. So Obamacare is not working, and I think that’s what we need to focus on,’ said Rep. Marlin Stutzman, R-Ind. ‘There’s plans already being put in place by the administration, by groups in the Republican Party, that want to focus on making sure healthcare is affordable, and it’s available and that people can make choices rather than being told who which doctor they have to go to.’

    Democrats have warned that healthcare costs are set to spike for millions of Americans if the subsidies are not extended. But House Majority Whip Tom Emmer, R-Minn., said costs are poised to rise either way if Congress does not act soon.

    ‘All Americans are getting a health insurance premium increase this coming year of 20 to 30%. Even if we did what they wanted us to do — and I’m not saying that we won’t, because the White House might have a plan to continue it, the Senate might have a plan. Mike Johnson might do something, but even if we do that, you realize that it’s only gonna cover about 4% of that 20 to 30% increase. It’s not solving the problem,’ Emmer said.

    Rep. Austin Scott, R-Ga., told Fox News Digital he wanted to see a healthcare package that focuses on doctors in rural areas, as well as reforms for hospital care.

    ‘I’ve got to make sure that what we do is right for that independent practicing physician, that small-town pharmacist. And so we have to make sure we’re taking care of rural America with what we do, as well as the hospitals that we would all go to if we had, you know, cancer treatment or something like that,’ he said.

    None of the conservatives who spoke with Fox News Digital expressed support for extending Obamacare tax credits that were enhanced during the COVID-19 pandemic, but which are set to expire at the end of this year.

    It’s a push led by Democrats and some Republicans, however, who have introduced a range of options, from a one-year extension with certain reforms to House Democratic leaders’ push for a clean, three-year extension.

    But whatever lawmakers come up with will likely have to get 60 votes to advance in the Senate, meaning some support from the left will be needed.

    ‘There’s a lot of good bipartisan healthcare policy legislation that can pass imminently and very soon, unless Democrats play the game of, ‘Oh, I don’t want it to look like the Republicans are being productive on healthcare, so we’re gonna stymie this, even though I agree with the policy,’’ Moore said.


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    Trump broke his promise to protect a lifeline for 71 million Americans

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    For Social Security it has been a miserable year. 

    After President Donald Trump unleashed Elon Musk and DOGE on the Social Security Administration, the agency lost more staff in a shorter period of time than ever before in its 90-year history. Fortunately, public outcry and pushback from congressional Democrats saved Social Security from a 50% cut to staffing and the closure of scores of field offices as Trump and his administration had announced back in March. So, somehow, those dedicated workers remaining at the Social Security Administration have still managed to keep the agency running — without missing a single monthly benefit payment. 

    There are not many public or private insurers in the world who can claim to never have missed a monthly benefit payment in 90 years. 

    This is good news for 71 million Americans — many of whom depend on their earned benefit every month as a lifeline. But we are not out of the woods yet. The agency has been gutted. Enormous damage has been done to customer service and to the agency’s ability to process claims.

    Just as many are demanding that Trump’s deep cuts to healthcare be restored, so too must Trump’s deep cuts to Social Security be restored, as the two are inextricably linked. Sixty-four million Medicare recipients will see a reduction in their Social Security benefits in 2026 due to Trump’s Medicare price hikes that will cut into their Social Security cost-of-living adjustment (COLA), making life more expensive for seniors. This is the greatest erosion of the Social Security COLA in nearly a decade, and the first time that Medicare premiums exceeded $200 per month. 

    With the Social Security Administration’s staffing now reduced to a 60-year low and baby boomers swelling the number of active beneficiaries to an all-time high, the agency is struggling badly, and the American people are paying the price. Wait times to get to a person in a field office or to talk to a person on the 1-800 line have become longer and longer.  

    As the Trump administration claims that things have never been better, millions of Americans are having a very different experience. In fact, more people today now die waiting in line for their initial disability determination than at any time since President Dwight Eisenhower signed the disability portion of the act into law in 1956. Even just recently, Trump and DOGE risked 300 million Americans’ personal data from the Social Security Administration. They have robbed Americans of customer service and peace of mind.

    President Trump marks the 90th anniversary of Social Security

    Conditions have grown so bad – Nancy Altman, president of Social Security Works, has called for Social Security Commissioner Frank Bisignano’s resignation. It proves to be a telling illustration of the deep concern experts have for the damage done to the agency. 

    None of this had to happen. It was made to happen. As a candidate, Trump vowed all through the campaign that he would protect Social Security. Instead, he wrecked the program’s customer service, took a chainsaw to its functions and maligned its reputation with false claims of waste, fraud and abuse.

    In a time of great political division, Social Security remains the most strongly supported program in America. In fact, 80% of Americans are concerned whether Social Security will be available when they retire and want it to be strengthened, made better — not hacked to pieces, privatized or liquidated. 

    This is a democracy moment. Social Security should be a bipartisan issue. All lawmakers — Republicans, Democrats and Independents alike — need to come together to deliver on its promise of a secure retirement after a lifetime of hard work. 


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    Questcorp Mining Announces Flow Through Offering

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    Questcorp Mining Inc. (CSE: QQQ,OTC:QQCMF) (OTCQB: QQCMF) (FSE: D910) (the ‘Company’ or ‘Questcorp’) announces that it will offer (the ‘Offering’) up to 5,769,231 flow-through units (each, an ‘FT Unit’), at a price of $0.13 per FT Unit, for gross proceeds of up to $750,000, by way of non-brokered private placement. Each FT Unit will consist of one common share of the Company, issued as a flow-through share within the meaning of the Income Tax Act (Canada), and one-half-of-one share purchase warrant (each whole warrant, a ‘Warrant’). Each Warrant will entitle the holder to purchase an additional common share of the Company at a price of $0.20 for a period of twenty-four months.

    The Company anticipates the net proceeds raised from the Offering will be used to conduct exploration of the Company’s North Island Copper Property, located on Vancouver Island, British Columbia.

    The Company may pay finders’ fees to eligible parties who have assisted in introducing subscribers to the Offering. All securities issued in connection with the Offering will be subject to restrictions on resale for a period of four-months-and-one-day in accordance with applicable securities laws. Completion of the Offering remains subject to receipt of regulatory approval.

    Final Tranche Closing

    The Company also announces that it has closed the final tranche of its previously announced non-brokered private placement and has issued a further 1,266,667 units (each, an ‘NFT Unit‘), at a price of $0.15 per NFT Unit, for gross proceeds of $190,000. Each NFT Unit consists of one common share, and one-half of one Warrant.

    No finders’ fees were paid in connection with closing of the final tranche. All securities issued in the final tranche are subject to restrictions on resale until April 9, 2026 in accordance with applicable securities laws.

    About Questcorp Mining Inc.

    Questcorp Mining Inc. is engaged in the business of the acquisition and exploration of mineral properties in North America, with the objective of locating and developing economic precious and base metals properties of merit. The Company holds an option to acquire an undivided 100% interest in and to mineral claims totaling 1,168.09 hectares comprising the North Island Copper Property, on Vancouver Island, British Columbia, subject to a royalty obligation. The Company also holds an option to acquire an undivided 100% interest in and to mineral claims totaling 2,520.2 hectares comprising the La Union Project located in Sonora, Mexico, subject to a royalty obligation.

    Contact Information

    Questcorp Mining Corp.

    Saf Dhillon, President & CEO

    Email: saf@questcorpmining.ca
    Telephone: (604) 484-3031

    This news release includes certain ‘forward-looking statements’ under applicable Canadian securities legislation. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties, uncertain capital markets; and delay or failure to receive board or regulatory approvals. There can be no assurance that the geophysical surveys will be completed as contemplated or at all and that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

    Corporate Logo

    To view the source version of this press release, please visit https://www.newsfilecorp.com/release/277245

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