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The Trump administration announced a $2 billion pledge for United Nations humanitarian aid Monday and warned agencies must ‘adapt, shrink, or die’ under its overhaul, according to a statement from the Department of State.

The new package comes as the administration reins in traditional foreign assistance and pushes humanitarian organizations to meet stricter standards on efficiency, accountability and oversight.

‘Individual U.N. agencies will need to adapt, shrink, or die,’ the statement said after outlining what it called ‘several key benefits for the United States and American taxpayers.’

‘The United States is pledging an initial $2 billion anchor commitment to fund life-saving assistance activities in dozens of countries,’ the State Department said.

The administration also said that the contribution is expected to shield tens of millions of people from hunger, disease, and the devastation of war in 2026 alone, with a new model significantly reducing costs. 

‘Because of enhanced efficiency and hyper-prioritization on life-saving impacts, this new model is expected to save U.S. taxpayers nearly $1.9 billion compared to outdated grant funding approaches,’ the statement said.

Secretary of State Marco Rubio said the approach is intended to force long-standing reforms across the U.N. system and reduce the U.S. financial burden.

‘This new model will better share the burden of U.N. humanitarian work with other developed countries and will require the U.N. to cut bloat, remove duplication, and commit to powerful new impact, accountability, and oversight mechanisms,’ Rubio said in a post on X.

The pledge is smaller than previous U.S. contributions, which officials said had grown to between $8 billion and $10 billion annually in voluntary humanitarian funding in recent years.

Administration officials said those funding levels were unsustainable and lacked sufficient accountability.

Jeremy Lewin, the State Department’s senior official overseeing foreign assistance, underscored the administration’s position during a press conference in Geneva.

‘The piggy bank is not open to organizations that just want to return to the old system,’ Lewin said in the statement. ‘President Trump has made clear that the system is dead.’

The funding commitment is part of a newly signed Memorandum of Understanding between the U.S. and the U.N. Office for the Coordination of Humanitarian Affairs (OCHA).

The agreement replaces project-by-project grants with consolidated, flexible pooled funding administered at the country or crisis level.

Tom Fletcher, the U.N.’s top humanitarian official and head of OCHA, welcomed the agreement, calling it a major breakthrough. ‘It’s a very significant landmark contribution,’ Fletcher said, according to the Associated Press.

U.S. Ambassador to the United Nations Mike Waltz also said the deal would deliver more focused, results-driven aid aligned with U.S. foreign policy interests, while the State Department warned future funding will depend on continued reforms.

This post appeared first on FOX NEWS

Back on Inauguration Day, few in Washington would have believed that the highly publicized friendship between President Donald Trump and Elon Musk would implode before the year’s end.

No political partnership burned brighter or fizzled faster than Trump and Musk’s in 2025. What began as a joint crusade to cut federal spending through the newly minted Department of Government Efficiency quickly devolved into a public falling out that unfolded in a full-blown social media feud.

As 2025 comes to a close, here’s a look back at the biggest political breakup of the year.

October 2024 — First public appearance together

The 2024 presidential campaign was the driving force for the high-profile partnership that ensued.

After the first Trump assassination attempt at a rally in Butler, Pennsylvania, on July 13, 2024, Musk endorsed Trump in an X post. Musk went on to donate more than $200 million to Trump’s presidential campaign through his super PAC, America PAC.

While the two appeared together for a virtual town hall that August, the X owner and Tesla CEO made his first public appearance with Trump on Oct. 5, as the soon-to-be president returned to Butler three months after the shooting and one month before Election Day.

Musk was jumping for joy as he joined Trump on stage.

November 2024 — Musk appointed to lead DOGE

After Trump won the 2024 presidential election, Musk was appointed to lead the Department of Government Efficiency.

On stage in Mar-a-Lago in Palm Beach, Florida, after winning the election, Trump said of Musk, ‘A star is born!’

Two weeks after the election, Trump and his family attended the SpaceX ‘Starship’ launch with Musk.

January 2025 — Inauguration Day

Trump made DOGE official on Inauguration Day by signing an executive order to cut waste, fraud and abuse in the federal government with a mandate to modernize ‘Federal technology and software to maximize governmental efficiency and productivity.’

Musk joined fellow tech moguls Jeff Bezos, Tim Cook and Mark Zuckerberg for Trump’s inauguration.

Early 2025 — DOGE cleans house

As the Trump administration got settled, DOGE got to work pursuing Musk’s ambitious goal of cutting up to $2 trillion from the federal budget.

As of October 2025, DOGE has saved approximately $214 billion through a combination of asset sales, contract or lease cancellations, fraud and improper payment deletions, grant cancellations, interest savings, programmatic changes, regulatory savings and workforce reductions, according to the DOGE website.

When tens of thousands of federal workers were laid off, protests began erupting across the United States, rejecting Musk’s leadership and Trump’s sweeping, second-term agenda.

March 2025 — Trump buys a Tesla 

Amid growing discontent directed at Musk and DOGE, Tesla stocks began seeing a drop earlier this year.

Meanwhile, Musk’s political involvement prompted push back from protesters. Tesla vehicles, charging stations and dealerships were targeted in a string of vandalism attacks.

In a show of support for Musk, Trump turned the White House South Lawn into a Tesla showroom and bought a red Tesla Model S.

‘He’s built this great company, and he shouldn’t be penalized, because he’s a patriot,’ Trump said.

May 2025 — Musk departs DOGE

By May, Musk began paring back his hours leading the controversial agency.

According to the Office of Government Ethics, ‘special government employees’ like Musk can work for the federal government no more than 130 days a year, which in Musk’s case was May 30.

On his last day at DOGE, Musk joined Trump in the Oval Office for a press conference celebrating the billionaire’s legacy.

June 2025 — Musk torches OBBB

Soon after Musk left the White House, Trump and Musk had their ‘big, beautiful’ breakup, fueled by congressional negotiations for Trump’s One Big Beautiful Bill Act.

‘I’m sorry, but I just can’t stand it anymore,’ Musk said in a post on June 3. ‘This massive, outrageous, pork-filled Congressional spending bill is a disgusting abomination. Shame on those who voted for it: you know you did wrong. You know it.’

Trump’s megabill included tax cuts, green energy spending cuts and Medicaid reform, but fiscal conservatives, like Musk, argued it didn’t do enough to reduce the nation’s $38 trillion debt crisis.

Trump told reporters he was ‘very disappointed’ in Musk’s criticism of his marquee megabill.

‘Elon and I had a great relationship. I don’t know if we will anymore,’ Trump said.

Musk then fired back on X, arguing that, ‘Without me, Trump would have lost the election, Dems would control the House and the Republicans would be 51-49 in the Senate.’

The Tesla CEO urged Trump to ‘keep the EV/solar incentives cuts in the bill.’

After Musk fired off several posts on X, Trump started firing back on his own social media platform, writing on Truth Social that Musk was ‘wearing thin’ and claiming that he asked Musk to leave the White House.

‘I took away his EV Mandate that forced everyone to buy Electric Cars that nobody else wanted (that he knew for months I was going to do!), and he just went CRAZY!’ Trump said.

The president then threatened to ‘terminate Elon’s Government Subsidies and Contracts.’

Musk fired back with a ‘really big bomb,’ accusing Trump of being ‘in the Epstein files.’

‘This is an unfortunate episode from Elon, who is unhappy with the One Big Beautiful Bill because it does not include the policies he wanted. The President is focused on passing this historic piece of legislation and making our country great again,’ White House press secretary Karoline Leavitt said in response.

July 2025 — Fall-out fireworks

Congress narrowly passed Trump’s One Big Beautiful Bill Act by a self-imposed July 4 deadline.

Ahead of its final passage, Musk renewed his criticism of the reconciliation bill on social media.

In response, Trump threatened to use DOGE to investigate Musk’s government subsidies for his companies.

September 2025 — Brought together at Charlie Kirk’s memorial service

Months later, Trump and Musk reunited to honor the conservative activist Charlie Kirk, who was assassinated during a Turing Point USA event in Orem, Utah, on Sept. 10.

Trump and Musk were spotted shaking hands at Kirk’s memorial service in a box at State Farm Stadium in Glendale, Arizona.

‘For Charlie,’ Musk later responded to the photo on X.

October 2025 — Trump offers kind words

Aboard Air Force One on Oct. 27, Trump seemed to bury the hatchet when asked about Musk.

‘During Charlie’s beautiful tribute, Elon came over. It’s good with Elon. I like Elon. I have always liked Elon. Elon’s good,’ Trump said.

When asked if he had spoken to Musk since Kirk’s memorial, Trump said the two have spoken ‘on and off, a little bit, very little, nothing much.’

‘Look, he’s a nice guy, and he’s a very capable guy. I have always liked him. He had a bad spell. He had a bad period. He had a bad moment. Stupid moment in his life. Very stupid. I’m sure he’d tell you that, but I like Elon, and I suspect I will always like him,’ Trump added.

November 2025 — Musk back at the White House

On Nov. 18, Musk attended a White House dinner as Trump hosted Saudi Crown Prince Mohammed bin Salman. 

December 2025 — Moving forward

The dust seemed to settle on Trump and Musk’s ‘big, beautiful’ breakup as 2025 came to a close. 

FOX Business’ Edward Lawrence asked Trump during a cabinet meeting on Dec. 2 whether Musk was ‘back in [his] circle of friends’ after their falling-out.

Well, I really don’t know. I mean, I like Elon a lot,’ Trump responded. 

Musk did not immediately respond to Fox News Digital’s comment request.

Fox News Digital’s Emma Colton contributed to this report. 

This post appeared first on FOX NEWS

New Found Gold (TSXV:NFG,NYSE:NFGC) is an emerging Canadian gold producer with a portfolio of assets in Newfoundland and Labrador. Its holdings include the flagship Queensway gold project, along with the recently acquired Hammerdown mine, Pine Cove mill, and Nugget Pond hydrometallurgical gold plant.

In early 2025, New Found Gold strengthened its board and management team with seasoned mine builders and operators to support its transition from exploration to production. Later that year, the company completed the acquisition of Maritime Resources, creating a diversified gold platform by combining the Queensway and Hammerdown projects with established processing infrastructure in a top-tier jurisdiction.

Queensway’s neighbouring gold projects

In early 2025, New Found Gold strengthened its board and management team with seasoned mine builders and operators to support its transition from exploration to production. Later that year, the company completed the acquisition of Maritime Resources, creating a diversified gold platform by combining the Queensway and Hammerdown projects with established processing infrastructure in a top-tier jurisdiction.

Company Highlights

  • District-scale land package at Queensway totaling over 230,000 hectares and covering over 110 kilometres of strike along two major fault zones
  • Recently acquired Hammerdown operation, targeted for steady-state gold production in 2026
  • Ownership of the Pine Cove operation (with a permitted mill and tailings facility) and Nugget Pond hydrometallurgical gold plant, providing processing infrastructure
  • Strengthened management team and solid shareholder base, including cornerstone investor Eric Sprott

This New Found Gold profile is part of a paid investor education campaign.*

Click here to connect with New Found Gold (TSXV:NFG) to receive an Investor Presentation

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(TheNewswire)

Vancouver, British Columbia/ December 29, 2025TheNewswire – Harvest Gold Corporation (TSXV: HVG,OTC:HVGDF) (‘Harvest Gold‘ or the ‘Company‘) announces that it has issued 2,000,000 common shares (the ‘Shares‘) at a deemed price of $0.06 per Share pursuant to a mineral property option agreement entered into with Vior Inc. on December 18, 2023, as amended, with respect to the Mosseau property, and 250,000 Shares at a deemed price of $0.06 per Share pursuant to a mineral property option agreement entered into with EGR Exploration Ltd. on December 19, 2023, with respect to the Urban Barry property. The Company is also paying $100,000 to Vior Inc. pursuant to that agreement.

The Mosseau property spans 147 claims totaling 7265.88 hectares (72.66 km2), which includes a 17.7 km long gold-bearing structure running through the length of the property. Mosseau adjoins the Urban Barry Greenstone Belt of the Abitibi Region of Quebec.

The Urban Barry property is located in the Ralleau and Wilson townships in the Eeyou Istchee James Bay/Abitibi region of Quebec.

The Shares are subject to the Exchange Hold Period and a four-month and one day hold period pursuant to securities laws in Canada expiring on April 30, 2026.  

About Harvest Gold Corporation

Harvest Gold is focused on exploring for near-surface gold deposits and copper-gold porphyry deposits in politically stable mining jurisdictions. Harvest Gold’s board of directors, management team and technical advisors have collective geological and financing experience exceeding 400 years.

Harvest Gold has three active gold projects focused in the Urban Barry area, totalling 377 claims covering 20,016.87 ha, located approximately 45-70 km west of Gold Fields Limited’s – Windfall Deposit (Figure 5).

Harvest Gold acknowledges that the Mosseau Gold Project straddles the Eeyou Istchee-James Bay and Abitibi territories.  Harvest Gold is committed to developing positive and mutually beneficial relationships based on respect and transparency with local Indigenous communities.

Harvest Gold’s three properties, Mosseau, Urban-Barry and LaBelle, together cover over 50 km of favorable strike along mineralized shear zones.

ON BEHALF OF THE BOARD OF DIRECTORS

Rick Mark
President and CEO
Harvest Gold Corporation

For more information please contact:

Rick Mark or Jan Urata
@ 604.737.2303 or
info@harvestgoldcorp.com

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.

Forward Looking Information

This news release includes certain statements that may be deemed ‘forward looking statements’. All statements in this news release, other than statements of historical facts, that address events or developments that Harvest Gold expects to occur, are forward looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words ‘expects’, ‘plans’, ‘anticipates’, ‘believes’, ‘intends’, ‘estimates’, ‘projects’, ‘potential’ and similar expressions, or that events or conditions ‘will’, ‘would’, ‘may’, ‘could’ or ‘should’ occur.

Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

Copyright (c) 2025 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

This post appeared first on investingnews.com

55 North Mining (CSE: FFF,FSE: 6YF) is a Canadian exploration and development company advancing its 100 percent-owned Last Hope gold project in the Lynn Lake district of northern Manitoba. The company is focused on unlocking value from a high-grade gold system through systematic drilling, resource expansion, and disciplined capital allocation, while preserving strategic optionality in a rapidly emerging mining camp.

The Last Hope project hosts a high-grade, structurally controlled gold resource and benefits from proximity to established infrastructure, including paved road access, power and a regional airport. Importantly, the project lies near Alamos Gold’s Lynn Lake development, creating potential future synergies such as toll milling or satellite feed scenarios, subject to further technical and economic studies.

The Last Hope gold project is located about 20 kilometres southeast of Lynn Lake, Manitoba, and comprises 31 mineral claims covering approximately 50 square kilometres. The project benefits from road and all-season trail access and is situated within a well-established mining district with a long history of gold and base metal production.

Company Highlights

  • High-grade Last Hope gold project has a current resource of 273,800 ounces inferred at 5.48 grams per ton (g/t) gold and 71,100 ounces indicated at 5.41 g/t gold
  • Significant exploration upside, with mineralization open down-plunge and along strike
  • Located approximately 20 kilometres from Alamos Gold’s Lynn Lake project, which includes a new 10,000-tonne-per-day mill under construction
  • Operating in a safe, mining-friendly jurisdiction with established infrastructure and a long history of mining activity
  • Impact Benefit Agreement in place with the Marcel Colomb First Nation, supporting social license and community engagement
  • Led by a management team with a track record of discovering, developing and monetizing assets in the Lynn Lake camp, including the sale of Carlisle Goldfields to Alamos Gold in 2016

This 55 North Mining profile is part of a paid investor education campaign.*

Click here to connect with 55 North Mining (CSE:FFF) to receive an Investor Presentation

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Sociedad Quimica y Minera (SQM) (NYSE:SQM) and Codelco have finalized their long-awaited partnership, forming a new joint venture that will oversee lithium production in Chile’s Salar de Atacama through 2060.

SQM announced on Saturday (December 27) that it has completed its strategic partnership with state-owned miner Codelco through the merger by absorption of Codelco subsidiary Minera Tarar into SQM Salar.

Following the transaction, SQM Salar has been renamed Nova Andino Litio, the new vehicle that will consolidate lithium exploration, production, commercialization and related community and environmental initiatives in the Atacama.

The merger was carried out under the terms of a partnership agreement that was signed in May 2024.

While the transaction has been completed, it remains subject to a resolutory condition tied to a pending Supreme Court decision on an appeal filed by Inversiones TLC. The appeal challenges regulatory approvals granted earlier this year, and Inversiones TLC is a subsidiary of China’s Tianqi Lithium (SZSE:002466,HKEX:9696,OTC Pink:TQLCF).

The appeal comes after a November ruling by the Santiago Court of Appeals that rejected a claim of illegality against an exemption resolution issued by Chile’s Financial Market Commission.

Despite the unresolved litigation, the economic framework of the partnership has already taken effect. SQM confirmed that the preferences and economic rights attached to the Series A shares held by Codelco and the Series B shares held by SQM became effective on January 1, 2025, including the dividend distribution methodology set out in the agreement.

SQM and Nova Andino Litio are currently determining dividend allocations and other accounting effects, which will be reflected in their respective 2025 financial statements.

The new company preserves contractual continuity with Chilean development agency Corfo, both under existing agreements and those that will govern operations from 2031 onward.

SQM Chief Executive Ricardo Ramos also said the joint venture provides long-term stability for lithium operations in Atacama, while raising operational and sustainability standards.

“This joint venture allows us to project the development of the Atacama Salt Flat and continue advancing with standards of operational excellence, sustainability and shared value creation, combining complementary capabilities for the benefit of Chile and global markets,” Ramos said in a press release issued by Codelco.

As part of the agreement, SQM has also transferred all of its mining concessions in the Maricunga salt flat to Codelco.

Nova Andino Litio’s board will be evenly split between the partners, with three representatives from each company. Its first board meeting is scheduled for Monday (December 29).

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

This post appeared first on investingnews.com

Centurion Minerals (TSXV:CTN) is a Canadian exploration company focused on acquiring, exploring, and developing precious metals projects across the Americas.

The company’s strategy targets high-quality, early-stage gold assets, advancing them through systematic exploration to define drill-ready targets and unlock the discovery potential of its three core properties: Newman, Noseworthy, and Hepburn. Located near major operations and recent discoveries, these claims benefit from excellent infrastructure, year-round road access, and proximity to proven mineralized structural corridors. Centurion aims to create shareholder value through focused geophysics, ground-truthing, and drilling programs designed to reveal new high-grade zones, while also exploring opportunities to acquire complementary gold assets across the Americas.

investingnews.com

Supported by a leadership team with decades of experience in exploration, geology, corporate finance, and project development, Centurion is well positioned to capitalize on robust gold market fundamentals and renewed investor interest in junior explorers. With a low current valuation and an active work program, the company offers leverage to both exploration success and broader trends in the gold sector.

Company Highlights

  • Highly prospective gold project in a world-class district located in the central north Abitibi greenstone belt, adjacent to major deposits and producing mines including Hecla Mining’s (NYSE:HL) Casa Berardi mine and Agnico Eagle’s (TSX:AEM) Detour Lake operations.
  • Exceptional closeology advantage, with its Casa Berardi West project situated just 12 km from AMEX Exploration’s (TSXV:AMX) 1.6 Moz “Perron” discovery and along the same structural corridors that have produced multi-million-ounce deposits.
  • Significant historic drilling across the three claim groups, including results up to 38 g/t gold and multiple intervals indicating gold-bearing iron formations and shear zones.
  • Clear exploration strategy including historic data compilation, geophysical surveys, target generation and a planned program to define new mineralized zones.
  • Experienced management and technical team with decades of experience in mineral exploration, and international corporate finance, enhances the potential of uncovering additional exploration opportunities.
  • Low market capitalization and recently reactivated corporate structure, offering investors a low entry point ahead of meaningful upside catalysts.

This Centurion Minerals profile is part of a paid investor education campaign.*

Click here to connect with Centurion Minerals (TSXV:CTN) to receive an Investor Presentation

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LaFleur Minerals Inc. (CSE: LFLR,OTC:LFLRF) (FSE: 3WK0) (‘LaFleur Minerals’ or the ‘Company’ or ‘Issuer’) announces that, due to additional demand to participate in the LIFE Offering, the Company announces a non-brokered hard dollar private placement offering of up to 2,000,000 units of the Company (the ‘Units’) at a price of $0.50 per Unit, for gross proceeds of up to $1,000,000 (the ‘Hard Dollar Offering’). Each Unit will consist of one (1) common share in the capital of the Company (each a ‘Common Share’) and one (1) Common Share purchase warrant (a ‘Warrant’) granting the holder the right to purchase one (1) additional Common Share of the Company (a ‘Warrant Share’) at a price of $0.75 at any time on or before 36 months from the Closing Date (defined below).

The closing of the Hard Dollar Offering is expected to occur on or about January 5, 2026 (the ‘Closing Date‘), or such other earlier or later date as the Company may determine. The securities offered under the Hard Dollar Offering will be subject to a statutory hold period in Canada expiring four (4) months and one day from the closing of the Offering, in accordance with applicable Canadian securities laws.

The gross proceeds from the Hard Dollar Offering will be used for the commissioning and restart of gold production operations at the Company’s wholly-owned Beacon Gold Mine and Mill, as well as work at the Company’s Swanson Gold Project in Val d’Or, Québec, as well as for general working capital purposes.

The Company has agreed to pay qualified finders and brokers a cash commission of 7.0% of the aggregate gross proceeds of the Hard Dollar Offering and such number of broker warrants (the ‘Broker Warrants‘) as is equal to 7.0% of the number of Units sold under the Hard Dollar Offering. Each Broker Warrant will entitle the holder to purchase one Common Share at an exercise price equal to the Offering Price for a period of 24 months following the Closing Date.

The Company continues to progress in the closing of its previously announced non-brokered private placement LIFE Offering and Flow-Through Offering further to its news releases dated December 15, 2025, and December 16, 2025.

This news release is not an offer to sell or the solicitation of an offer to buy the securities in the United States or in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification or registration under the securities laws of such jurisdiction. The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended (the ‘U.S. Securities Act’), and such securities may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent an exemption from registration under the U.S. Securities Act and applicable U.S. state securities laws. ‘United States’ and ‘U.S. person’ are as defined in Regulation S under the U.S Securities Act.

About LaFleur Minerals Inc.

LaFleur Minerals Inc. (CSE: LFLR,OTC:LFLRF) (FSE: 3WK0) is focused on the development of district-scale gold projects in the Abitibi Gold Belt near Val-d’Or, Québec. Our mission is to advance mining projects with a laser focus on our resource-stage Swanson Gold Deposit and the Beacon Gold Mill, which have significant potential to deliver long-term value. The Swanson Gold Project is approximately 18,304 hectares (183 km2) in size and includes several prospects rich in gold and critical metals previously held by Monarch Mining, Abcourt Mines, and Globex Mining. LaFleur has recently consolidated a large land package along a major structural break that hosts the Swanson, Bartec, and Jolin gold deposits and several other showings which make up the Swanson Gold Project. The Swanson Gold Project is easily accessible by road allowing direct access to several nearby gold mills, further enhancing its development potential. Lafleur Mineral’s fully refurbished and permitted Beacon Gold Mill is capable of processing over 750 tonnes per day and is being considered for processing mineralized material at Swanson and for custom milling operations for other nearby gold projects.

ON BEHALF OF LaFleur Minerals INC.

Paul Ténière, M.Sc., P.Geo.
Chief Executive Officer
E: info@lafleurminerals.com
LaFleur Minerals Inc.
1500-1055 West Georgia Street
Vancouver, BC V6E 4N7

Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this news release.

Cautionary Statement Regarding ‘Forward-Looking’ Information

This news release includes certain statements that may be deemed ‘forward-looking statements’. All statements in this new release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words ‘expects’, ‘plans’, ‘anticipates’, ‘believes’, ‘intends’, ‘estimates’, ‘projects’, ‘potential’ and similar expressions, or that events or conditions ‘will’, ‘would’, ‘may’, ‘could’ or ‘should’ occur. Forward-looking statements in this news release include, without limitation, statements related to the anticipated use of proceeds from the LIFE Offering. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/279190

News Provided by Newsfile via QuoteMedia

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Silver’s 2025 breakout marked one of the metal’s most decisive shifts in more than a decade.

As the price pushed through longstanding resistance, investors, miners and policymakers reassessed its role in global markets, allowing silver to reassert itself as not only an industrial metal, but also a staple financial asset.

Looking back at silver’s record-breaking year, these are our most popular news stories of 2025.

1. Retail Investors Look to Trigger Silver Squeeze 2.0

Publish date: March 31, 2025

Silver received mainstream attention in March, with renewed calls for what supporters dubbed “Silver Squeeze 2.0,” reviving a theme that first gained prominence during the meme stock era of 2021.

Online chatter intensified ahead of March 31, with advocates urging coordinated purchases of physical silver to challenge what they saw as entrenched institutional control over the metal’s pricing.

Efforts traced back to a March 22 post on X by user @TheSqueakyMouse, which gained broader attention after being amplified by sector analyst Jesse Colombo. Colombo, who posts under the handle @TheBubbleBubble, has argued that the silver price is artificially suppressed by large financial institutions:

“Bullion banks like JPMorgan Chase (NYSE:JPM) and UBS Group (NYSE:UBS) suppress silver prices through aggressive naked shorting—but a coordinated surge of physical buying could catch them off guard and break their hold on the market.’

Colombo pointed to data showing that major banks hold net short positions equivalent to roughly 223 million ounces of silver, meaning a US$1 price increase could theoretically translate into US$223 million in losses for those positions.

2. Missouri Set to Recognize Gold and Silver as Legal Tender, Critics Raise Implementation Concerns

Publish date: May 12, 2025

Attention on precious metals took a more concrete form in Missouri. In May, the state’s General Assembly passed a Republican-backed amendment to a broader finance bill that recognizes gold and silver as legal tender.

The measure would require state entities to accept electronic forms of gold and silver for public debts, including taxes. Private businesses would not be required to accept precious metals, but could do so voluntarily.

Supporters argued that recognizing gold and silver offers a hedge against inflation and what they view as irresponsible federal monetary policy. Critics, however, questioned how the system would work in practice.

3. Silver Miners Deliver Record Q2 Earnings as Price Breaks Out

Publish date: August 19, 2025

Silver’s mid-year rally above US$35 per ounce translated into record or near-record earnings for many miners in Q2.

Pan American Silver (TSX:PAAS) reported record net earnings of US$189.6 million in the period, while First Majestic Silver (TSX:AG,NYSE:AG) posted its strongest quarter to date, nearly doubling revenue year-on-year.

Even mining companies facing production challenges, such as Fresnillo (LSE:FRES,OTC Pink:FNLPF), saw revenue growth driven by gold output and pricing strength.

4. Missing Silver Bars Bring Mining Community Together

Publish date: March 7, 2025

Amid those financial milestones, the mining community was united in March by a widely shared incident.

Following the Prospectors & Developers Association of Canada convention, two 10 ounce silver bars purchased by Kin Communications founder Arlen Hansen went missing after being checked in his luggage on an Air Canada flight.

The bars, worth about US$647, were intended for a silent auction benefiting Canadian children living with diabetes.

“I don’t need a refund, a free upgrade, or more points, this was stolen from the children who need it, not me,” Hansen wrote on X. The response from the mining community was swift. First Majestic Silver and its mint division volunteered to replace the lost silver, while others donated to Diabetes Canada and expressed support.

The incident also revived scrutiny of airline cargo security, particularly given Air Canada’s association with earlier high-profile precious metals thefts, including the 2023 gold heist at Toronto Pearson International Airport.

5. Pan American Silver Gets Green Light for US$2.1 Billion MAG Silver Deal

Publish date: August 25, 2025

One of this year’s most consequential silver M&A developments came when Pan American received final clearance from Mexico’s Federal Economic Competition Commission for its US$2.1 billion acquisition of MAG Silver.

The approval paved the way for the deal to close in early September, combining Pan American with one of the world’s highest-grade primary silver assets, Juanicipio.

Under the terms, MAG shareholders were to receive either cash or Pan American shares, leaving them with about 14 percent of the combined company on a fully diluted basis.

“This strategic acquisition further solidifies Pan American as a leading Americas-focused silver producer,” Pan American CEO Michael Steinmann said when the deal was announced.

He added that Juanicipio “will meaningfully increase Pan American’s exposure to high margin silver ounces,” while also providing longer-term growth through MAG’s exploration properties in Utah and Ontario.

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

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LONDON, UNITED KINGDOM / ACCESS Newswire / December 30, 2025 / Empire Metals Limited (AIM:EEE)(OTCQX:EPMLF), the AIM-quoted and OTCQX-traded exploration and development company, is pleased to announce that it has entered into a conditional sale and purchase agreement for its 75% interest in the Eclipse Mining Lease (‘Eclipse ML’ or the ‘Project’), a non-core gold asset located near Kalgoorlie, Western Australia.

The agreement includes a three-month exclusivity and due diligence period, during which the proposed purchaser will complete technical and commercial due diligence on the Project.

Highlights

  • Conditional sale of Empire’s 75% interest in the Eclipse ML, a non-core gold asset

  • Purchaser is a reputable Western Australian mining services company operating in the Kalgoorlie region

  • Total consideration of A$750,000 cash for Empire’s interest, subject to successful completion of due diligence

  • Transaction supports Empire’s strategy to focus capital and resources on the Pitfield Titanium Project

Shaun Bunn, Managing Director, said: ‘This conditional sale represents a further step in our strategy to streamline the portfolio and focus management attention and capital on advancing the Pitfield Project. Eclipse is a non-core asset for Empire, and this transaction provides an opportunity to unlock value while reducing ongoing holding and resourcing costs. We look forward to progressing the due diligence phase with the purchaser.’

The Eclipse ML Project

The Eclipse ML is a small granted mining lease located near Kalgoorlie, Western Australia, which has historically been subject to gold exploration. As part of its broader portfolio rationalization strategy, Empire has been actively reviewing options to reduce exposure to non-core assets and is pleased to have entered into an exclusivity arrangement with the purchaser in respect of its interest in the Project.

Sale Terms

Key terms of the conditional sale agreement include:

  • The sale relates to Empire’s 75% interest in mining lease M27/153 (Eclipse ML)

  • The agreement includes a three-month exclusivity and due diligence period

  • During the exclusivity period, the purchaser may conduct a small RC drilling programme as part of its due diligence

  • Total consideration of A$750,000 for Empire’s 75% interest, comprising:

    • A$50,000 non-refundable cash deposit, payable within five days of execution of the agreement; and

    • A$700,000 cash payable on completion, following successful due diligence

Next Steps

The anticipated next steps are as follows:

  • The due diligence period last three months, to be conducted by the Purchaser.

  • A Program of Works has been submitted to the Department of Mines, Petroleum and Exploration (DMPE) to support a small drill campaign, to be funded by the Purchaser

  • Subject to a successful due diligence period, settlement is expected to occur in early April.

  • Empire continues to review options for other non-core assets, consistent with its strategy to accelerate development activities at the Pitfield Project.

**ENDS**

For further information please visit www.empiremetals.co.uk or contact:

Empire Metals Ltd
Shaun Bunn / Greg Kuenzel / Arabella Burwell

Tel: 020 4583 1440

S. P. Angel Corporate Finance LLP (Nomad & Joint Broker)
Ewan Leggat / Adam Cowl

Tel: 020 3470 0470

Canaccord Genuity Limited (Joint Broker)
James Asensio / Christian Calabrese / Charlie Hammond

Tel: 020 7523 8000

Shard Capital Partners LLP (Joint Broker)
Damon Heath

Tel: 020 7186 9950

Tavistock (Financial PR)
Emily Moss / Josephine Clerkin

empiremetals@tavistock.co.uk
Tel: 020 7920 3150

About Empire Metals Limited

Empire Metals Ltd (AIM:EEE)(OTCQX:EPMLF) is an exploration and resource development company focused on the commercialization of the Pitfield Titanium Project, located in Western Australia. The titanium discovery at Pitfield is of unprecedented scale and hosts one of the largest and highest-grade titanium resources reported globally, with a Mineral Resource Estimate (MRE) totalling 2.2 billion tonnes grading 5.1% TiO₂ for 113 million tonnes of contained TiO₂.

Titanium mineralisation at Pitfield occurs from surface and displays exceptional grade continuity along strike and down dip. The MRE extends across just 20% of the known mineralised footprint, providing substantial potential for further resource expansion.

Conventional processing has already produced a high-purity product grading 99.25% TiO₂, suitable for titanium sponge metal or pigment feedstock. With excellent logistics and established infrastructure, Pitfield is strategically positioned to supply the growing global demand for titanium and other critical minerals.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

SOURCE: Empire Metals Limited

View the original press release on ACCESS Newswire

News Provided by ACCESS Newswire via QuoteMedia

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