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Zohran Mamdani emerges as Republicans’ government shutdown boogeyman

As the government shutdown stretches over a month, one left-wing figure has emerged as House Republicans’ most-cited political boogeyman — and it’s not either of the top two Democrats in Congress.

Instead, it’s Zohran Mamdani, a New York State assemblyman and self-proclaimed democratic socialist who is running for mayor more than 200 miles away in New York City.

‘You’ve seen their party get pulled further to the socialist left, and it started when [Rep. Alexandria Ocasio-Cortez, D-N.Y.] beat Joe Crowley. And ever since then, Democrats have been afraid of that kind of emerging wing of their party,’ House Majority Leader Steve Scalise, R-La., told Fox News Digital when asked why GOP leaders are invoking Mamdani so often.

‘Today, they are the center of the Democrat Party. They are running the Democrat Party, and you can see it, Mamdani is the one that they’re all scared of and they’re all listening to.’

He pointed to House Minority Leader Hakeem Jeffries, D-N.Y., and his recent endorsement of Mamdani.

‘It’s changed how they run their whole party operation, because they’re afraid of the left base of the party, which is really headed by Mamdani now,’ Scalise said.

House GOP leaders or speakers at their daily shutdown press conferences brought up Mamdani both directly and indirectly at every one of their press conferences last week.

At his Thursday press conference, Speaker Mike Johnson, R-La., accused the media of criticizing his frequent commentary on the New York City socialist.

‘Amazingly, the media is criticizing Republicans for fixating on Mamdani. I read some of that yesterday. This socialist uprising is something that we have a responsibility to call out and sound the alarms. That’s what elected representatives of the people are supposed to do,’ Johnson said.

‘And we take that responsibility seriously. And obviously, Mamdani is a big issue here in the halls of Congress. Why? Because the second-highest ranked Democrat in the country, Leader Jeffries, endorsed him.’

Republicans have also taken to calling him ‘commie Mamdani’ recently, a nickname debuted by House Majority Whip Tom Emmer, R-Minn., during a shutdown press conference where House GOP leaders invited Republicans in New York’s congressional delegation to speak.

Mamdani himself criticized Johnson at one point for his focus on him earlier this month.

‘Speaker Johnson should be seating members of Congress, as opposed to using his time to try and attack our campaign,’ Mamdani fired back from Manhattan on Monday.

‘But I understand if I was one of the leaders of the Republican Party that had led a campaign that promised Americans a lower cost of living and cheaper groceries, and all I could deliver for them was a government shutdown, then I, too, would be looking to distract in any way that I could from those lack of results.’

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Obama’s presence and Trump’s policies consume 11th hour rally to keep NJ blue

NEWARK, N.J. – Enthusiasm was high among New Jersey Democratic voters who flocked to a community college campus Saturday evening to hear from former President Barack Obama as he rallied support for Rep. Mikie Sherrill in her campaign for the governorship.

‘I heard Barack Obama was gonna be here. And I love Barack Obama, so I really came out here for that,’ one voter, Alexis from South Jersey, told Fox Digital. ‘But I do support Mikie, as well.’ 

‘I want to hear Obama,’ Robert, from Spring Lake, told Fox Digital. ‘I think a lot of people want to hear Obama. Wouldn’t it be great to have a message of hope at this point in time?’ 

Hundreds of supporters wrapped around multiple blocks surrounding the Essex County College’s gymnasium on Saturday to hear from Obama and Sherrill as the New Jersey election comes down to its final days. The packed auditorium hit capacity before the ‘Get Out the Vote’ rally officially kicked off, with supporters also watching the rally from an overflow parking lot. 

Prominent rally speakers and attendees alike celebrated hearing from Obama on Saturday, but also repeatedly spoke about President Donald Trump, slamming him for efforts to deport illegal aliens, and pinning blame for the ongoing federal government shutdown on Trump and Republicans. 

A handful of voters who spoke to Fox Digital relayed that their ballot was not one solely focused on Sherrill, but also a vote against Trump and his administration.  

‘Well, the top issue is Trump,’ said Robert from Spring Lake. ‘There’s nothing else other than that. … Trump is absolutely the worst,’ he added, citing that Trump is allegedly ‘anti-science’ and against education. 

‘To get Trump out of office, number one’ one female voter from South Jersey told Fox Digital of why she came out to the rally and her top voting concerns this election. 

‘I am voting for Mikie Sherrill because she actually understands all the people. She is not a minion for Trump,’ another South Jersey voter added. 

Obama also leaned into slamming Trump during his remarks to the crowd, claiming the current economy has benefited ‘Trump’s billionaire friends,’ while ‘ordinary families’ pay increased prices at check-out lines due to Trump’s ‘shambolic tariff policy.’ 

‘Let’s face it, our country and our politics are in a pretty dark place right now,’ Obama told the audience on Saturday. ‘It’s hard to know where to start, because every day this White House offers up a fresh batch of lawlessness and carelessness and mean spiritedness. And just plain old craziness.’

Comments targeting Trump and his administration extended to attacks on Ciattarelli, as well, with Obama casting him as the president’s toady and a ‘suck up’ to the Republican Party. 

Trump made inroads with New Jersey voters just a year ago, in his decisive general election win over former Vice President Kamala Harris. Trump cut his 2020 loss from 16 points in the Garden State to six in 2024, and flipped five counties to the GOP, invigorating Republicans in the state to keep the momentum going as GOP gubernatorial candidate Ciattarelli launched his bid for Drumthwacket. 

‘Please go out and vote,’ Irvington Councilwoman Charnette Frederic told Fox Digital. ‘And I’m hoping Obama is the last push to remind you.’

Frederic has served as an Irvington councilwoman since 2012, and said that Obama’s presence in the state for past campaign rallies spurred an influx of voters, remarking she’s hopeful the same will unfold ahead of Tuesday. 

‘I am an immigrant, and I believe in treating people with respect and dignity,’ Frederic said. ‘Whatever I’m seeing right now, this is not the kind of opportunity that we want for our people,’ adding that Sherrill will ‘stand for the people’ against the White House’s stances on immigration and other policies. 

Sherrill, DNC chair Ken Martin, New Jersey Sen. Cory Booker, and other local Democrats took the stage of the auditorium to rally support for Sherrill, while also criticizing the Trump administration as top voter concern. 

‘But my fight doesn’t and can’t end at the border of New Jersey. We’ve got to take on all those hits coming from Trump and Washington, D.C. Because right now the president is running a worldwide extortion racket. You pay more for everything from the coffee you drink in the morning to the groceries you’re cooking dinner with at night as Trump pockets billions. His energy plan is designed for just one audience. The fossil fuel industry,’ Sherrill claimed. 

2025 is an off-year election cycle, with just New Jersey and Virginia holding gubernatorial elections, while other jurisdictions such as New York City are holding mayoral races and other local races. 

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Trump learns how to fend off the Chinese threat like he is reading Sun Tzu

During my final overseas CIA assignment as a station chief in a South Asian war zone, our team was ruthlessly focused on detecting and preempting terrorist threats long before they could inflict harm on the U.S. homeland. We conducted plenty of clandestine operations unilaterally, but we also worked in close partnership with the host government’s intelligence service. We did not always agree on everything, but we enjoyed a robust exchange of intelligence on our mutual adversaries, shared analytical judgments and collaborated on a number of joint tactical counterterrorism operations.

On one occasion, our CIA team successfully found and fixed the location of a senior al Qaeda terrorist on the FBI Most Wanted list for having planned terrorist attacks. We shared our sensitive intelligence with the host government, whose military launched a well-planned raid and killed the al Qaeda terrorist during a firefight.

If there was one thing I learned at CIA, especially when it came to counterterrorism operations, it’s that our allies can be a tremendous force multiplier for our sacred mission of keeping our country safe from those who seek to do us harm.

Today, the Trump administration is applying a similar strategy for ensuring secure critical minerals supply chains and de-risking from Communist China, which is the world’s leading miner and processor of rare earths. China has made it a practice of extorting its commercial adversaries by restricting its exports of critical minerals.

Rare earth minerals are essential for making semiconductors, motors and fighter jets, all critical for our national security. The last thing we would want is to have to rely on Communist China for the supply.

China’s brazenly unfair trade practices involve dumping on the global market its massive, excess production of rare earths deliberately to drive prices down and force competitor mining companies out of business, thereby eliminating any long-term competition.

But the Trump administration has deployed a counter playbook to reduce China’s influence over rare earth markets. Rightly concerned that China is seeking to control the global economy by imposing its will on the high technology supply chain, Trump recently signed an $8-billion rare-earth mineral deal with Australian Prime Minister Anthony Albanese. And during his recent trip to Asia, Trump signed rare earth deals with Thailand and Malaysia.

The Trump administration also deftly applies the same principle of de-risking to critical materials and minerals including polysilicon, a pure form of silicon essential for the production of microchips and integrated circuits. Seeking to minimize the risk of China’s dominant global market share of polysilicon, the Trump administration smartly relies on NATO member Germany for the bulk of our polysilicon imports.

Further, the Trump administration is investigating national security threats posed by imports from other countries, including, but not exclusively, those linked to China. China dominates global polysilicon through state subsidies, deliberate overproduction and other nefarious trade practices — a familiar Chinese Communist Party playbook used on strategic materials.

‘If an enemy has alliances,’ Chinese philosopher Sun Tzu wrote, ‘the problem is grave and the enemy’s position strong.’

The U.S. is leading the way by building a global network for key technology components, which are vital to protecting our national security from Communist Chinese mercantilist aggression.

Dictators like Chinese President Xi Jinping want their enemies to be weak and divided. That’s because together the U.S. and our commercial partners are stronger and more able to protect internationally recognized borders, freedom of navigation and free trade on which the U.S. and global economy rely.

This post appeared first on FOX NEWS

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Locksley Resources LimitedReceives up to US$191M Potential Support from EXIM Bank

Perth, Australia (ABN Newswire) – Locksley Resources Limited (ASX:LKY,OTC:LKYRF) (FRA:X5L) (OTCMKTS:LKYRF) announced the receipt of a Letter of Interest (‘LOI’) from the Export-Import Bank of the United States (‘EXIM’), outlining the intent to provide up to US$191M in potential project financing support for the Company’s Mojave Project in California.

Alignment with U.S Export-Import Bank (‘EXIM’) Positions Mojave as a Flagship Initiative Under the White House’s Directive to Rebuild Domestic American Antimony and Rare Earths Supply and Processing Capability

HIGHLIGHTS:

– The U.S Export-Import Bank has issued a Letter of Interest (LOI) indicating the potential for financing support of up to US$191 million for Locksley’s Mojave Project in California

– EXIM is the official export-credit agency of the U.S Government, tasked with strengthening domestic industrial resilience and reducing foreign supply dependence in strategic sectors

– The potential EXIM financing is a cornerstone first step in a broader U.S. government funding pathway, opening access to programs under the Defense Production Act Title III and Department of War (DOW)

– The engagement reinforces Locksley’s strategy to establish a 100% American made antimony and REE supply chain, following the successful production of the Company’s U.S. antimony ingot

– Locksley executives will attend key meetings in Washington D.C. in mid November, to advance discussions on the Company’s U.S. mine-to-market collaboration

EXIM, a wholly owned independent agency of the U.S Government, operates under a Congressional mandate to promote American economic and national security interests through project and export financing. Its recent Supply Chain Resiliency Initiative (SCRI) and China and Transformational Exports Program (CTEP) prioritise funding for critical mineral projects that reduce foreign supply dependence and rebuild U.S industrial capability.

The LOI represents a cornerstone step in Locksley’s engagement with U.S federal agencies and paves the way for detailed due diligence and underwriting to advance a comprehensive financing package for the Mojave Project.

In light of the recent November 2025 U.S.-China trade agreement whereby China has suspended new rare-earth/critical minerals export controls, and the U.S. has publicly reaffirmed its support for Western based critical mineral supply chains, the Mojave Antimony Project is uniquely positioned to deliver a low risk, U.S. hosted, anti-dependent on China supply solution. This alignment strengthens the strategic case for consideration by Export-Import Bank of the United States (EXIM) under its supply chain resilience and criticalminerals mandates.

100% American Made Ingot Milestone – Alignment with U.S. Policy

Locksley recently announced the successful casting of the 100% American made antimony ingot, using feedstock sourced from its Mojave Project and processed entirely on U.S soil.

This achievement validated the Company’s Mine-to-Metal business model and provides the foundation for commercial scaling under the Defense Production Act and Inflation Reduction Act frameworks.

Following the signing of the landmark U.S. and Australia Critical Minerals Framework Agreement in Washington DC between President Donald Trump and Prime Minister Anthony Albanese, Locksley’s Mojave Project has been recognised as aligning directly with this bilateral initiative, which is also supported by commitments from the Australian Export Finance Agency (EFA).

The EXIM support, alongside Locksley’s strategic collaboration with Rice University, provides a clear pathway for Mojave to progress beyond exploration and into the development of downstream aligned supply chains for the U.S.

Drew Horn, Chief Executive of GreenMet and former White House Advisor on Critical Minerals, commented:

‘EXIM’s Letter of Interest represents more than just financial support, it reflects a coordinated U.S. government directive to rebuild domestic critical minerals capability. The fact that EXIM’s engagement aligns with current White House priorities underscores how strategically important Locksley’s Mojave Project has become. We are now entering a period where nearly all federal funding in this sector is being directed under White House led initiatives and Locksley stands at the forefront of that effort. The combination of EXIM support and the successful production of a 100% American made antimony ingot demonstrates tangible progress toward full U.S. supply chain independence.’

Kerrie Matthews, Managing Director & CEO, commented:

‘EXIM’s engagement represents a strong endorsement of Locksley’s U.S strategy and the momentum we have built with government and industry partners. The LOI provides a foundation to progress formal financing discussions while advancing our downstream and offtake plans. With our 100% American made antimony ingot now produced, we are proving Locksley’s capacity to deliver the next generation of U.S critical mineral supply chains.’

Material Terms of the LOI

The Letter of Interest (LOI) is a non-binding expression of interest and does not constitute a final commitment or a financing agreement. A definitive commitment is contingent upon Locksley satisfying EXIM’s underwriting criteria, completing full due diligence (including technical, financial, and legal reviews), and finalising definitive documentation. The potential financing is for up to US$191 million with a repayment tenor of 10 years. However, the final amount, interest rate, and specific repayment terms will be determined upon completion of the due diligence process.

Fast-Track Mine-to-Market Approach

Locksley continues to accelerate development planning and apply innovative thinking to traditional project timelines via government support across parallel workstreams:

– Upstream: Fast-tracked development of the Desert Antimony Mine through both conventional and non-traditional methods, enabling near-term ore supply

– Downstream: Collaboration with Rice University’s DeepSolv(TM) program and processing optionality to establish U.S. refining capacity at speed

– Integrated Supply Chain: Direct alignment with U.S. defence, energy transition, and industrial partners to deliver 100% Made in America antimony into the U.S. market

– Locksley’s approach embodies the principles of the Mines of the Future framework integrating innovation, digital modelling and processing to rapidly re-establish strategic mineral production on U.S. soil.

This parallel approach positions Mojave as the fastest moving U.S. antimony development, directly supporting national security and clean energy priorities.

Next Steps

Locksley will now progress the following key initiatives to advance the Mojave Project toward development readiness:

– Progress formal application with EXIM, triggering due diligence and underwriting processes

– Securing additional U.S. government and institutional support under DPA Title III, DOE loan guarantees, and supply chain initiatives

– Locksley executives will attend key meetings in Washington D.C. in mid- November, to advance discussions on the Company’s U.S. mine-to-market collaboration

– Commence preparatory workstreams for both mine development and downstream processing pathways

– Advancing commercial pilot-scale production to demonstrate U.S. based refining capability and accelerate first metal output from the Mojave Project

About Locksley Resources Limited:

Locksley Resources Limited (ASX:LKY,OTC:LKYRF) (FRA:X5L) (OTCMKTS:LKYRF) is an ASX listed explorer focused on critical minerals in the United States of America. The Company is actively advancing exploration across two key assets: the Mojave Project in California, targeting rare earth elements (REEs) and antimony. Locksley Resources aims to generate shareholder value through strategic exploration, discovery and development in this highly prospective mineral region.

Mojave Project

Located in the Mojave Desert, California, the Mojave Project comprises over 250 claims across two contiguous prospect areas, namely, the North Block/Northeast Block and the El Campo Prospect. The North Block directly abuts claims held by MP Materials, while El Campo lies along strike of the Mountain Pass Mine and is enveloped by MP Materials’ claims, highlighting the strong geological continuity and exploration potential of the project area.

In addition to rare earths, the Mojave Project hosts the historic ‘Desert Antimony Mine’, which last operated in 1937. Despite the United States currently having no domestic antimony production, demand for the metal remains high due to its essential role in defense systems, semiconductors, and metal alloys. With significant surface sample results, the Desert Mine prospect represents one of the highest-grade known antimony occurrences in the U.S.

Locksley’s North American position is further strengthened by rising geopolitical urgency to diversify supply chains away from China, the global leader in both REE & antimony production. With its maiden drilling program planned, the Mojave Project is uniquely positioned to align with U.S. strategic objectives around critical mineral independence and economic security.

Tottenham Project

Locksley’s Australian portfolio comprises the advanced Tottenham Copper-Gold Project in New South Wales, focused on VMS-style mineralisation

Source:
Locksley Resources Limited

Contact:
Kerrie Matthews
Chief Executive Officer
Locksley Resources Limited
T: +61 8 9481 0389
Kerrie@locksleyresources.com.au

News Provided by ABN Newswire via QuoteMedia

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Corcel Exploration: Advancing a District-scale, Past-producing Copper-Gold Asset in Arizona

Corcel Exploration (CSE:CRCL,OTCQB:CRLEF) is a Vancouver-based explorer unlocking copper and gold opportunities across North America. Anchored by its flagship Yuma King project in Arizona, the company applies historical datasets, cutting-edge geoscience, and modern technology to uncover and expand near-surface and buried mineralized systems.

Corcel’s approach is centered on disciplined, data-driven exploration. The company’s 2025 work program includes its maiden 2,000-meter diamond drill program, along with IP surveys and hyperspectral mapping to test priority copper-gold skarn and porphyry targets across the Yuma King Mine, Yuma King West, and Three Musketeers zones. By validating and extending historical mineralization, Corcel aims to delineate a near-term resource base while unlocking the broader district-scale potential.

Yuma King property overview

The Yuma King copper-gold project covers a 3,200-hectare district-scale property in the historic Ellsworth mining district of west-central Arizona, approximately 150 km northwest of Phoenix. The property hosts the past-producing Yuma mine, where operations between 1940 and 1963 yielded high-grade copper and gold ore.

Company Highlights

  • Flagship Yuma King Project (Arizona): District-scale, 3,200-hectare land package with 515 federal mining claims in the historic Ellsworth mining district.
  • High-grade Historical Production: 8,600 tons averaging 2.3 percent copper, 0.3 oz silver per ton, and 0.03 oz gold per ton from the past-producing Yuma mine.
  • Dual Mineralization System: Copper-gold skarn mineralization with potential for a buried copper-molybdenum-gold porphyry system.
  • Strong Recent Results: Rock samples grading up to 17.15 grams per ton gold and 11.6 percent copper, confirming widespread surface mineralization.
  • Advanced Drill-ready Targets: 1.6 km skarn corridor open along strike and down-dip; multiple untested anomalies from geophysics and soil sampling.
  • Experienced Leadership: Led by a technically strong management team with deep experience in discovery, development, and capital markets.
  • Strategic US Positioning: Located near infrastructure and in the same state as one of only three US copper smelters.

This Corcel Exploration profile is part of a paid investor education campaign.*

Click here to connect with Corcel Exploration (CSE:CRCL) to receive an Investor Presentation

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Sarama Files Memorial in US$242M Damages Claim Against Burkina Faso

Sarama Resources Ltd. (“Sarama” or the “Company”) (TSX-V:SWA, ASX:SRR) announces that it has filed its written Memorial (the “Memorial”) detailing the Company’s claim against the Government of Burkina Faso (“GoBF”) as well as damages for the sum of US$242 million, plus interest.

The proceedings arise from the unlawful expropriation of the Company’s Tankoro 2 Exploration Permit (the “Permit”) in Burkina Faso and follow the submission of its Request for Arbitration (“RFA”) to the International Centre for Settlement of Investment Disputes (“ICSID”) in December 2024 (refer news release dated 12 December 2024).

On 31 October 2025, Sarama filed its written Memorial comprising its statement of case, witness evidence, and expert reports with ICSID, a division of the World Bank Group, detailing the claim against the GoBF.

The Company retained Accuracy London, a qualified and experienced Quantum Expert, to provide an independent valuation to support the claim submitted to ICSID.

Next Steps

  • The GoBF is required to file its Counter-Memorial by 31 January 2026.
  • A case management conference is scheduled for 17 February 2026 during which the final Procedural Timetable will be determined and the date for the Procedural Hearing will be set.
  • This will be followed by a series of further written submissions, after which a hearing will be held in Washington D.C., United States where Sarama will present its case and supporting evidence to the Tribunal.

The Company is represented by Boies Schiller Flexner (UK) LLP (“BSF”), a leading international law firm with significant experience in investor-state arbitration and a strong track record in the natural resources sector and has a US$4.4 million four-year non-recourse loan facility in place to cover all fees and expenses related to the claim.

Sarama’s Executive Chairman, Andrew Dinning commented:

“The filing of our Memorial is a significant milestone in the arbitration process and provides a comprehensive and substantiated basis for Sarama’s claim for compensation. The Company has invested more than a decade of work and substantial capital in advancing the Sanutura Project, which was unlawfully expropriated.

We are pursuing this process to protect shareholder value and to seek a fair and just outcome under internationally recognised mechanisms. With our legal team, expert advisors and funding arrangements in place, we remain fully committed to advancing the arbitration to its conclusion.”


Click here for the full ASX Release

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Investor Webinar, Wednesday 5th Nov, 11:30am AEDT

Locksley Resources Limited (ASX: LKY, OTCQX: LKYRF, FSE: X5L) (“Locksley” or the “Company”), advises that the Company will host an investor webinar to discuss the Company’s recent announcements and the next phase of its U.S expansion strategy.

DATE & TIME: Wednesday, 5th November 2025 at 11:30am AEDT / 8:30am AWST

REGISTRATION LINK: https://janemorganmanagement- au.zoom.us/webinar/register/WN_2qv_ztFDQQqRqr3xkut8DQ

The webinar will cover a series of material updates, including:

  • Receipt of Letter of Interest from the U.S Export-Import Bank (“EXIM”) for up to US$191M in potential project financing support for the Mojave Critical Minerals Project in California.1
  • Commencement of the high-resolution heli-mag and radiometrics survey to accelerate drill targeting across the Mojave Project, California.2
  • Mobilisation of the Diamond Drill rig for the upcoming El-Campo Rare Earths Program, positioned along strike from MP Materials’ Mountain Pass Mine.3
  • Production of a 100% American-made antimony ingot in decades, validating the Company’s U.S Mine-to-Metal supply chain strategy.4

Newly appointed Managing Director & CEO, Ms. Kerrie Matthews5 will present on these milestones and discuss Locksley’s next-phase growth plan and U.S strategy.

Click here for the full ASX Release

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CleanTech Lithium

Investor Insight

Executing a well-defined project development strategy for its lithium assets and advancing Direct Lithium Extraction (DLE), CleanTech Lithium is poised to become a key player in the supply of lithium carbonate and the global battery market.

Overview

CleanTech Lithium (AIM:CTL,Frankfurt:T2N) is a resource exploration and development company with three lithium assets in Chile, a world-renowned mining-friendly jurisdiction. The company aims to be a leading supplier of ‘green lithium’ to the electric vehicle (EV) market and growing Energy Storage Systems (ESS) market, leveraging direct lithium extraction (DLE) – a low-impact, low-carbon and low-water method of extracting lithium from brine. DLE enables lower grade projects to be economically viable. New projects using this method will be critical to meet the forecasted demand.

Lithium demand is soaring as a result of a rapidly expanding EV market and ESS proposed pipeline of projects. As part of Chile’s National Lithium Strategy, the company’s flagship Laguna Verde has been named one of six salars prioritized for development — positioning CleanTech Lithium as a key private partner in unlocking the country’s lithium potential.

With an experienced team in natural resources, CleanTech Lithium holds itself accountable to a responsible ESG-led approach, a critical advantage for governments and major car and battery manufacturers looking to secure a cleaner supply chain.

Laguna Verde is at pre-feasibility study stage which is to be completed imminently. Based on previous drilling campaigns from 2022 to 2024, the project has a JORC resource estimate of 1.63 Mt of lithium carbonate equivalent (LCE) while Viento Andino boasts 0.92 Mt LCE, each supporting 20,000 tons per annum (tpa) production with a 30-year and 12-year mine life, respectively and based on the Scoping Studies published in 2023. The latest drilling programme at Laguna Verde finished in June 2024, results from which will be used to convert resources into reserves.

The company is carrying out the necessary environmental impact assessments in partnership with the local communities. The indigenous communities will provide valuable data that will be included in the assessments. The company has signed agreements with three of the core communities to support the project development.

DLE Pilot Plant Inauguration event held in May 2024 with local stakeholders and indigenous communities in attendance

Salar de Atacama/Arenas Blancas comprises 140 licenses covering 377 sq km in the Salar de Atacama basin, one of the leading lithium-producing regions in the world with proven mineable deposits of 9.2 Mt.

CleanTech Lithium is committed to an ESG-led approach to its strategy and supporting its downstream partners looking to secure a cleaner supply chain. In line with this, the company plans to use renewable energy and the innovative DLE process across its projects. DLE is considered an efficient option for lithium brine extraction that makes the least environmental impact, with no use of evaporation ponds, no carbon-intensive processes and reduced levels of water consumption. In recognition, Chile’s government plans to prioritize DLE for all new lithium projects in the country.

CleanTech Lithium’s pilot DLE plant in Copiapó was commissioned in the first quarter of 2024. To date, the company has completed the first stage of production from the DLE pilot plant producing an initial volume of 88 cubic metres of concentrated eluate – the lithium carbonate equivalent (LCE) of approximately one tonne over an operating period of 384 hours with 14 cycles. Results show the DLE adsorbent achieved a lithium recovery rate of approximately 95 percent from the brine, with total recovery (adsorption plus desorption) achieving approximately 88 percent. The Company’s downstream conversion process is successfully producing pilot-scale samples of lithium carbonate . As of January 2025, the Company is producing lithium carbonate from Laguna Verde concentrated eluate at the downstream pilot plant – recently proven to be high purity (99.78 percent). Click for highlights video.

CTL’s experienced management team, with expertise throughout the natural resources industry, leads the company toward its goal of producing green lithium for the EV and ESS markets. Expertise includes geology, lithium extraction engineering and corporate administration.

Company Highlights

  • Proven Commitment to Chile’s Lithium Future: Over US$30 million invested and agreements with local indigenous communities reflect CleanTech Lithium’s commitment to developing sustainable, high-quality lithium assets aligned with Chile’s National Lithium Strategy.
  • Clean, Fast, and Efficient Extraction: Utilizing Direct Lithium Extraction (DLE) to deliver battery-grade lithium carbonate faster, at lower cost, and with minimal environmental impact.
  • Flagship Project Advancing: The Laguna Verde project is at the pre-feasibility stage, paving the way for strategic partnership discussions.
  • Operational DLE Pilot Plant: An active pilot plant in Copiapó designed to produce ~1 tonne LCE, validating scalable, low-impurity lithium production.
  • High-Purity Lithium Achieved: In January 2025, the company produced 99.78 percent purity lithium carbonate, confirming product quality.
  • Committed to ESG Excellence: An ESG-first approach ensures responsible operations aligned with clean supply chain and focused on developing the project with net-zero goals in mind.

Key Projects

Laguna Verde Lithium Project

The 217 sq km Laguna Verde project features a sq km hypersaline lake at the low point of the basin with a large sub-surface aquifer ideal for DLE. Laguna Verde is the company’s most advanced asset.

Project Highlights:

  • Prolific JORC-compliant Resource Estimate: The asset has a JORC-compliant resource estimate of 1.63 Mt of LCE at a grade of 200 mg/L lithium with further drilling planned.
  • Environmentally Friendly Extraction: The company’s asset is amenable to DLE. Instead of sending lithium brine to evaporation ponds, DLE uses a unique process where resin extracts lithium from brine, and then re-injects the brine back into the aquifer, with minimal depletion of the resources. The DLE process reduces the impact on environment, water consumption levels and production time compared with evaporation ponds and hard-rock mining methods.
  • Scoping Study: Scoping study completed in January 2023 indicated a production of 20,000 tons per annum LCE and an operational life of 30 years. Highlights of the study also includes:
    • Total revenues of US$6.3 billion
    • IRR of 45.1 percent and post-tax NPV8 of US$1.8 billion
    • Net cash flow of US$215 million

Pre-Feasibility Study and Project Development

The Pre-Feasibility Study (PFS) is nearly complete, with resource and wellfield design dependent on the finalized government polygon. This will allow CTL to expand its resources and develop wells on the newly acquired Minergy licences. Please refer to RNS dated 11th August 2025 available at www.ctlithium.com for more details.

Publication of the PFS will be deferred until CTL enters the streamlined CEOL process for confidentiality reasons. With existing infrastructure at Laguna Verde and the carbonate plant in Copiapó, project development conditions remain highly favourable.

CleanTech Lithium is advancing its Special Lithium Operating Contract (CEOL) application with the Chilean Government, which grants rights to exploit and sell lithium within a defined area.

To meet CEOL criteria, CTL recently acquired Minergy’s 30 mining licences at Laguna Verde, increasing ownership to over 97 percent of the government’s proposed project polygon. The milestone-based purchase deal strengthens CTL’s position and, together with shareholder support, is expected to enable entry into the streamlined CEOL process — a key milestone that could drive a major revaluation as the company capitalizes on the lithium market recovery.

Viento Andino Lithium Project

CleanTech Lithium’s second-most advanced asset covers 127 square kilometers and is located within 100 km of Laguna Verde, with a current resource estimate of 0.92 Mt of LCE, including an indicated resource of 0.44 Mt LCE. The company’s planned second drill campaign aims to extend known deposits further.

Project Highlights:

  • 2022 Lithium Discovery: Recently completed brine samples from the initial drill campaign indicate an average lithium grade of 305 mg/L.
  • Scoping Study: A scoping study was completed in September 2023 indicating a production of up to 20,000 tons per annum LCE for an operational life of more than 12 years. Other highlights include:
    • Net revenues of US$2.5 billion
    • IRR of 43.5 percent and post-tax NPV 8 of US$1.1 billion
  • Additional Drilling: Once drilling at Laguna Verde is completed in 2024, CleanTech Lithium plans to commence further drilling at Viento Andino for a potential resource upgrade.

Arenas Blancas

The project comprises 140 licences covering 377 sq km in the Salar de Atacama basin, a known lithium region with proven mineable deposits of 9.2 Mt and home to two of the world’s leading battery-grade lithium producers SQM and Albermarle. Following the granting of the exploration licences in 2024, the Cleantech Lithium is designing a work programme for the project.

The Board

Steve Kesler – Independent Non-executive Chairman

Steve Kesler has 45 years of executive and board roles experience in the mining sector across all major capital markets including AIM. Direct lithium experience as CEO/director of European Lithium and Chile experience with Escondida and as the first CEO of Collahuasi, previously held senior roles at Rio Tinto and BHP.

Ignacio Mehech – CEO

Ignacio Mehech brings over a decade of senior leadership experience in the lithium and mining sectors. During his seven-year tenure at Albemarle—the world’s largest producer of battery-grade lithium—he spent the last three years as Country Manager in Chile, overseeing a workforce of 1,100 and managing critical relationships with government, indigenous communities, and other key stakeholders. Mehech brings deep expertise in lithium project development, regulatory engagement, and sustainability. He has led high-profile engagements with global investors, customers, NGOs, analysts, scientists, and international governments. He also played a key leadership role in the El Abra copper operation—a joint venture between Codelco and Freeport-McMoRan—where he led the legal strategy and contributed to corporate transformation initiatives. Mehech holds a law degree from the Universidad de Chile and a Master’s in Energy and Resources Law from the University of Melbourne.

Paul Atherton – Non-executive Director

Paul Atherton is a Chartered Accountant with extensive experience in corporate finance across professional services and resource companies in sub-Saharan Africa. He served as CFO and later CEO of Heritage Oil, a former FTSE 250 company, before pursuing his interests as an angel investor and board director across the resources, technology, and healthcare sectors. A resident of Jersey, Paul also chairs the Board’s Audit & Risk Committee.

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Locksley Receives Up to US$191 Million Potential Support from EXIM for U.S. Critical Minerals Push

Locksley Resources Limited (ASX: LKY,OTC:LKYRF, OTCQX: LKYRF) announced the receipt of a Letter of Interest (LOI) from the Export-Import Bank of the United States (EXIM) outlining the intent to provide up to US$191 million in potential project financing support for the Company’s Mojave Project in California. EXIM, a wholly owned independent agency of the U.S. Government, operates under a Congressional mandate to promote American economic and national security interests through project and export financing. Its recent Supply Chain Resiliency Initiative and China and Transformational Exports Program prioritize funding for critical mineral projects that reduce foreign supply dependence and rebuild U.S. industrial capability. Additional details can be found here: https:cdn-api.markitdigital.comapiman-gatewayASXasx-research1.0file2924-03017919-6A1295024&v=undefined.

‘This LOI represents a cornerstone in Locksley’s engagement with U.S. federal agencies and paves the way for detailed due diligence and underwriting to advance a comprehensive financing package for the Mojave Project,’ said Kerrie Matthews, Managing Director and CEO of Locksley. She added that the LOI provides a foundation to progress formal financing discussions while advancing the Company’s downstream and offtake plans. ‘With our 100% American made antimony ingot now produced, we are demonstrating Locksley’s capacity to deliver the next generation of U.S. critical minerals for supply chains.’

Locksley continues to accelerate development and shorten the traditional mining project timeline via government support across parallel workstreams. Upstream the company has fast-tracked development of the Desert Antimony Mine through both conventional and non-traditional methods, enabling near-term ore supply. Downstream the company is collaborating with Rice University’s Deep Solve program and modular processing options to establish U.S. refining capacity at speed. And, by focusing on direct alignment with U.S. defense, energy transition and industrial partners to deliver 100% Made in America antimony, the company is establishing an integrated supply chain. This multiple track approach positions Mojave as one of the fastest moving U.S. antimony developments, directly supporting U.S. national security and clean energy priorities.

Drew Horn, a former White House Advisor on Critical Minerals and Chief Executive of GreenMet, which serves as consultants to Locksley said, ‘EXIM’s Letter of Interest represents more than just financial support. It reflects a coordinated U.S. government directive to rebuild domestic critical minerals capability. We are now entering a period where nearly all federal funding in this sector is being directed under White House led initiatives and Locksley is benefitting from this effort.’

Locksley Resources (https://www.locksleyresources.com.au) is focused on critical minerals in the U.S. The company is actively advancing the Mojave Project in California, targeting rare earth elements (REEs) and antimony. Locksley is executing a mine-to-market strategy for antimony, aimed at reestablishing domestic supply chains for critical materials, underpinned by strategic downstream technology partnerships with leading U.S. research institutions and industry partners. This integrated approach combined resource development with innovative processing and separation technologies, positions Locksley to play a key role in advancing U.S. critical minerals independence.

Contact: Beverly Jedynak, beverly.jedynak@viriathus.com, 312-943-1123; 773-350-5793

View original content:https://www.prnewswire.com/news-releases/locksley-receives-up-to-us191-million-potential-support-from-exim-for-us-critical-minerals-push-302602203.html

SOURCE Locksley Resources

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Spartan Metals Identifies High-Grade Silver-Rich CRD Target on Trend with Tungstonia Vein System at the Eagle Project

(TheNewswire)

Vancouver, Canada TheNewswire – November 3, 2025 Spartan Metals Corp. (‘ Spartan ‘ or the ‘ Company ‘) (TSX-V: W) is pleased to announce that it has identified a silver-rich Carbonate Replacement Deposit (‘ CRD ‘) target on trend with the past producing Tungstonia Mine vein system at its 100% owned Eagle Tungsten-Silver-Rubidium Project (‘ Eagle ‘ or ‘ Project ‘) in eastern Nevada.

Brett Marsh, Spartan’s President and CEO, states ‘When hydrothermal fluids moving along the structural corridors interact with thick, carbonate-rich sedimentary packages at the contact with the Tungstonia Granite intrusion, we have the potential to develop an enriched depositional zone along preferred limestone and dolostone beds, at structural intersections, and where we see veining in our host rocks. The rock chip samples from 2024 returned several high-grade results that carry several of the primary metals commonly associated with carbonate replacement deposit mineralization including silver, lead, copper, and zinc. This strongly suggests the potential for a larger carbonate replacement deposit that could potentially contain significant critical metal concentrations at the Tungstonia Claim Block.’

Mr. Marsh continues, ‘We are equally enthusiastic about the discovery of an extensive vein system with significant silver-copper-antimony that is continuing to develop at our Rees Claim block. The initial mapping and surface sampling of the claim block appears to connect the former Antelope Mine to a series of veins, breccias, and CRD mineralization located approximately 1.0 kilometer to the east of the mine itself. The potential to discover bonanza grade silver at over 1,500 grams per tonne along with other critical metals such as antimony, arsenic, and copper over an approximate 1-kilometer strike length makes the Eagle Project a significant U.S. critical metal asset.’

Recent surface exploration and detailed review of previous surface rock chip sampling have identified high-grade silver and base metal replacement mineralization that extends approximately 2.5 kilometers (‘km’) along the contact between the Tungstonia Granite intrusion and the limestone and dolostone host rocks exposed to the south and south-west of the Tungstonia vein system. This mineralization occurs in association with previously unidentified quartz veins in the Tungstonia Claim block with similar strike and periodicity as veins observed in and around the past-producing Tungstonia Mine area (Figure 1).

Additionally, mapping and rock chip sampling at the Rees Claim block suggests a second potential CRD system (Figure 2) where mineralization at the silver (‘Ag’)-copper (‘Cu’)-antimony (‘Sb’) Antelope Mine appears to be concentrated within a limestone-dolostone hosted vein system with tetrahedrite that is orthogonal to an interpreted northeast structural corridor that extends approximately 1.0 kms.


Click Image To View Full Size

Figure 1 View of southwest portion of Tungstonia Claim block with rock chip samples showing significant Ag, Pb, Zn, and Cu mineralization. Samples shown were previously reported in July 31, 2025, NI 43-101 Technical Report on the Eagle Project


Click Image To View Full Size

Figure 2 View of southeast portion of Rees Claim block with rock chip samples showing high-grade Ag, Cu, and Sb. Samples shown (except An-25001) were previously reported in July 31, 2025, NI 43-101 Technical Report on the Eagle Project.

QA/QC Procedures

Sample An-25001 was taken as grab sample from waste dump piles by hand to obtain an approximate 2-kilogram sample. The sample was submitted to ALS Labs of Reno, Nevada, which is a certified and accredited laboratory, independent of the Company. Samples are prepared using industry standard-prep methods and analyzed using method ME-MS61 (61 element suite: 0.25g 4-acid digestion ICP-MS with Ag-OG62, Ag-GRA21, and CU-OG62 ore grade for overlimit Ag and Cu, respectively). ALS inserted blank material with An-25001 and performed its own internal QAQC analysis to ensure proper sample preparation and equipment calibration. Spartan’s QAQC includes regular insertion of CRM standards, duplicates, and blanks with a stringent review of results completed by the Company’s Qualified Person, Brett R. Marsh, President and CEO of Spartan Metals.

About The Eagle Project

The Eagle Project presents a unique opportunity to delineate one of the largest and highest-grade Tungsten (‘W’) and Rubidium (‘Rb’) districts in the United States. The Project consists of the past- producing high-grade Tungstonia and Rees/Antelope tungsten (W-Cu-Ag) mines. Operations at these mines were from 1915 to 1942 with intermittent small-scale production occurring until 1956. Tungsten production from these two mines totaled 8,379 units at grades between 0.6%-0.9% WO 3 (1).

The Project is ~20 km² in size and located approximately 120 kilometers northeast of the town of Ely, in the Kern Mountains of White Pine County, Nevada. The Project covers 4,936 acres consisting of 244 Bureau of Land Management (BLM) unpatented lode mining claims.

Three deposit types are present at Eagle; Porphyry, Skarn, and Carbonate Replacement (CRD) that contain significant or anomalous grades of Tungsten (W), Silver (Ag), and Rubidium (Rb) plus Cu-Sb±Au-Pb-Zn-Bi-As across three project focus areas that also includes the potential to recover W-Rb-Ag from the legacy Tungstonia Mill Tailings.

  1. (1) Nevada Bureau of Mines and Geology (1988), Bulletin 105 p213-217

The technical information contained in this news release has been prepared under the supervision of, and approved by Brett R. Marsh, CPG. Mr. Marsh is President and CEO of Spartan Metals Corp. and a ‘qualified person’ as defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects .

About Spartan Metals Corp.

Spartan Metals is focused on developing critical minerals projects in top-tier mining jurisdictions in the Western United States, with an emphasis on building a portfolio of diverse strategic defense minerals such as Tungsten, Rubidium, Antimony, Bismuth, and Arsenic.

Spartan’s flagship project is the Eagle Project in eastern Nevada that consists of the highest-grade historic tungsten resource in the USA (the past-producing Tungstonia Mine) along with significant under-defined resources consisting of: high-grade rubidium; antimony; bismuth; indium; as well as precious and base metals. More information about Spartan Metals can be found at www.SpartanMetals.com

On behalf of the Board of Spartan

‘Brett Marsh’

President, CEO & Director

Further Information:

Brett Marsh, M.Sc., MBA, CPG

President, CEO & Director

1-888-535-0325

info@spartanmetals.com

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

Forward Looking Statements

This news release contains statements that constitute ‘forward-looking statements.’ Such forward looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words ‘expects,’ ‘plans,’ ‘anticipates,’ ‘believes,’ ‘intends,’ ‘estimates,’ ‘projects,’ ‘potential’ and similar expressions, or that events or conditions ‘will,’ ‘would,’ ‘may,’ ‘could’ or ‘should’ occur. Forward-Looking Information in this news release, Spartan has applied several material assumptions, including, but not limited to, assumptions that: the current objectives concerning the Company’s projects can be achieved and that its other corporate activities will proceed as expected; that general business and economic conditions will not change in a materially adverse manner; and that all requisite information will be available in a timely manner.

Although the Company believes the forward-looking information contained in this news release is reasonable based on information available on the date hereof, by their nature forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.  By their nature, these statements involve a variety of assumptions, known and unknown risks and uncertainties and other factors, which may cause actual results, levels of activity and achievements to differ materially from those expressed or implied by such statements.

Examples of such assumptions, risks and uncertainties include, without limitation, assumptions, risks and uncertainties associated with general economic conditions; adverse industry events; future legislative and regulatory developments; the Company’s ability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favorable terms; the ability of the Company to implement its business strategies; competition; the ability of the Company to obtain and retain all applicable regulatory and other approvals and other assumptions, risks and uncertainties.

THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.

Copyright (c) 2025 TheNewswire – All rights reserved.

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