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Speaker Mike Johnson, R-La., is accusing Senate Minority Leader Chuck Schumer, D-N.Y., of refusing to vote to end the government shutdown in order to kowtow to his left-wing base.

Johnson told Fox News Digital in a sit-down interview that Democrats’ refusal to budge on their current position came up in an hour-long call he held with President Donald Trump on Wednesday afternoon.

‘[Trump is] very bothered by that, that Chuck Schumer would do this, Democrats would do this, because we haven’t,’ the top House Republican said.

He noted that Democrats had voted on a similar measure to what Republicans are offering on 13 different occasions under former President Joe Biden.

‘And even when the Republicans were in the minority, we did the right thing to keep the government open. And we fully expected that Schumer would do that again, as he always has, but not this time,’ Johnson said.

‘This is a selfish political calculation he’s made, that he’s got to prove to the far left that he’s going to fight Trump or something. So we talked about our frustration with that.’

He said Trump appeared ‘happy’ that Republicans remain unified in their federal funding stance but was concerned about the effects of a prolonged shutdown on everyday Americans.

‘But the reason we’re happy about that is because we know we’re doing the right thing for the American people,’ Johnson said. ‘And Chuck Schumer and the Democrats are demonstrating that they are willing to inflict this pain upon the people for their own political purposes. And I think that is a tough thing for them to get over.’

He said of a meeting between congressional leaders and Trump that occurred on Monday, ‘I tried my best in the White House, and he just is in no mood to have a real discussion about these issues. So we are where we are.’

Senate Democrats have now rejected a GOP-led plan to fund federal agencies through Nov. 21 three times.

The measure is called a continuing resolution (CR) and is aimed at buying House and Senate negotiators more time to reach a deal on fiscal year (FY) 2026 federal funding priorities.

The CR would keep current federal funding levels roughly flat while adding an extra $88 million in security spending for lawmakers, the White House, and the judicial branch.

Democrats, furious at being largely sidelined in funding discussions, have signaled they would not accept any bill that does not also extend Obamacare tax subsidies that were enhanced during the COVID-19 pandemic. Those enhanced subsidies are due to expire at the end of this year.

But Johnson, who called the Obamacare subsidies an ‘end-of-year issue,’ argued that the bill was a simple extension of federal funding, leaving Republicans with no realistic path for concessions.

‘If it was not clean and simple, if I had loaded it up with a bunch of Republican partisan priorities, then there would be something for us to negotiate. I could take those things off and offer it again. I sent it over with nothing attached at all,’ he said.

‘It quite literally is just buying us time to finish the appropriations process, which was being done in a bipartisan manner. So I don’t have anything to give, there’s nothing I can give. And Chuck Schumer has made such outrageous counter-demands and proposals that he’s the one that has to come to his senses.’

He was referring to Democrats’ counter-proposal for a CR, which would have repealed the Medicaid reforms made in Republicans’ One Big, Beautiful Bill, while restoring funding for NPR and PBS that was cut by the Trump administration earlier this year.

Fox News Digital reached out to Schumer’s office for a response but did not hear back by press time.

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President Donald Trump is open to talks with North Korean leader Kim Jong Un ‘without any preconditions,’ a White House official said, as South Korea’s unification minister warned Pyongyang’s missiles could reach the U.S. mainland.

‘President Trump in his first term held three historic summits with North Korean Leader Kim Jong Un that stabilized the Korean Peninsula. U.S. policy on North Korea has not changed,’ a White House official told Fox News Digital. ‘President Trump remains open to talking with Kim Jong Un, without any preconditions.’

South Korean Unification Minister Chung Dong-young used blunt language in Berlin this week, telling reporters, ‘North Korea has become one of the three countries capable of attacking the U.S. mainland,’ according to the Yonhap News Agency. ‘What needs to be acknowledged should be acknowledged rationally.’

The White House did not respond to Fox News Digital’s request for comment on Chung’s claim.

Yonhap also reported that Chung said Pyongyang’s ‘strategic position is different’ than in 2018, when Trump and Kim held their first summit in Singapore. 

‘Acknowledging this reality should be the starting point’ in dealing with the regime, Chung told reporters.

But experts say North Korea has long held the capability to reach the U.S. mainland with intercontinental ballistic missiles. 

‘They’ve tested ICBMs for a long time,’ said Bob Peters, senior research fellow for strategic deterrence at the Heritage Foundation.

‘The question, then, for a long time, is, do they have a warhead that can go underneath a nose cone on an ICBM that goes by definition, exo atmospheric, comes down and then hits a target with some semblance of accuracy and then detonate and produce a nuclear yield,’ Peters added. ‘That’s been the real question — do they have that capability? That’s not what it sounded like the South Korean minister said.’

Meanwhile, Kim has said dialogue with the U.S. is possible, but on his terms. 

‘If the United States drops the absurd obsession with denuclearizing us and accepts reality, and wants genuine peaceful coexistence, there is no reason for us not to sit down with the United States,’ state media quoted Kim as saying.

A meeting with Kim would make Trump’s fourth sit-down with the dictator, at a time when his nation has once again grown increasingly hostile to U.S. interests. 

In July, the White House said Trump ‘remains open to engaging with Leader Kim to achieve a fully denuclearized North Korea.’ But North Korea asserted it would not meet the U.S. president if he was going to demand denuclearization. 

On Monday, North Korean Vice Foreign Minister Kim Son Gyong told the United Nations General Assembly that his country will never give up its nuclear program, Reuters reported.

Trump is scheduled to travel to Asia later this month for an economic leaders’ summit with South Korean President Lee Jae-myung. A senior U.S. official said no Demilitarized Zone meeting with Kim is currently on the agenda.

Reports have suggested Trump may meet Chinese President Xi Jinping on the sidelines of the Asia-Pacific Economic Cooperation summit, Oct. 30-Nov. 1, though plans are still being finalized. 

In a call last month, Xi invited Trump and first lady Melania Trump to visit China. Trump returned the invitation. 

The same official said progress on nuclear talks depends on China. 

‘The first thing that would need to happen is for the Chinese to acknowledge and be more transparent about its own programs,’ the official said.

U.S. estimates put China’s nuclear arsenal at about 600 warheads in 2024, with projections of 1,000 by 2030. North Korea is believed to possess roughly 50 warheads, with enough fissile material for up to 90.

Pyongyang last year declared an ‘irreversible hegemonic position’ after test-firing its Hwasong-19 intercontinental ballistic missile, which North Korea has claimed can strike the American mainland.

Trump is strengthening deterrence even as he keeps the option of ‘talks without preconditions’ open.

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Bipartisan talks on reopening the government began to materialize less than a day into the shutdown, with Republicans and Democrats trying to find a middle ground on expiring Obamacare tax credits.

The federal government entered its first full day of a shutdown on Wednesday, and so far neither side of the aisle is willing to buckle as the hours ticked by.

Still, in the middle of Senate Republicans’ third attempt to pass the House GOP’s short-term funding extension, a group of nearly a dozen senators huddled on the floor in the first public display of negotiations so far.

‘There are glimmers of hope, and I think they’re bipartisan,’ said Sen. Richard Blumenthal, D-Conn., who was in the huddle.

The conversations on the floor came as Republicans demanded that Democrats yield and provide the votes to reopen the government, while Senate Minority Leader Chuck Schumer, D-N.Y., doubled down on his position that Democrats wouldn’t budge without ‘serious’ movement on Obamacare premium subsidies.

‘Donald Trump and Republicans have barreled us into a shutdown because they refuse to protect Americans’ healthcare,’ Schumer said. ‘It’s clear that the way out of this shutdown is to sit down and negotiate with Democrats to address the looming healthcare crisis that faces tens of millions of American families.’

Senate Majority Leader John Thune, R-S.D., appears willing to slowly chip away at Senate Democrats through a de facto war of attrition and plans to bring House Republicans’ bill to the floor for a vote again and again.

The Senate will be out on Thursday to observe Yom Kippur but is expected to return Friday and possibly vote into the weekend on the continuing resolution (CR) that would reopen the government until Nov. 21 to give lawmakers more time to finish work on the dozen spending bills needed to fund the government.

Thune told Fox News Digital that he expected to talk to Schumer ‘in the next day or two.’

‘He’s indicated that he’s interested in doing that,’ Thune said. ‘I’m not sure what we’ll achieve by that, but I think there are, I mean, things seem to be moving on their side. We just keep telling them to ‘give us — open up the government, and we’ll get on with regular business.’’

Thune and Senate Republicans have argued that Senate Democrats’ rejection of the GOP’s CR is hypocritical, given that when former President Joe Biden was in office, Schumer and his caucus routinely voted for ‘clean’ extensions — like the GOP’s current proposal.

But the issue for Democrats was multifaceted. 

Sen. Tim Kaine, D-Va., was among the many lawmakers holding a confab on the Senate floor, and while he didn’t divulge full details of the private talks, he said a major issue for him was about ensuring that a ‘deal is a deal.’

‘Anything we agree to, because it’s not a clean CR if the president will tear it up tomorrow,’ he said. ‘In the past, we voted for clean CRs, but the president has shown that he’ll take the money back.’

Among the options tossed around in the huddle were a 10-day funding extension once floated by Schumer, which he quickly shot down earlier this week, or passing the Republican plan to actually give lawmakers time to negotiate a solution to the expiring tax credits.

Sen. Peter Welch, D-Vt., said there were no high-level discussions quite yet, but that any path forward had to be ‘enforceable.’

‘The bottom line here is that I sense real concern among my Republican colleagues about what happens to the people they represent if we go off the cliff on the Affordable Care Act,’ he said, referring to Obamacare.

And Sen. Mike Rounds, R-S.D., who helped facilitate the conversation, said it’d be ‘great’ if lawmakers were able to get something figured out before the Nov. 21 deadline in the GOP’s bill, but that he and other Republicans were still pushing Democrats to support their legislation.

‘It’s not like there’s anything that they should be objecting to with regard to what’s in the existing bill,’ he said. ‘This is their hostage, and we’re just telling them, ‘Look, we’ve got support on the other side to fix the issues that you have a concern about, but it’s going to take time to negotiate those through.” 

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Recent Russian incursions into NATO airspace have sharpened divisions inside the alliance over how to respond, exposing both the strength and the limits of collective defense.

Secretary General Mark Rutte clashed with Estonian Prime Minister Kristen Michal last week after Estonia invoked NATO’s Article 4 clause, which triggers consultations when a member feels its security is threatened.

According to three European officials granted anonymity to speak freely, Rutte argued that repeated invocations risked diluting the treaty’s force. One source said he even raised his voice at Michal, warning that NATO must be cautious about how often it signals alarm.

Rutte argued that if Article 4 were invoked every time Russia violated sovereignty — through drone incursions, fighter jets, cyberattacks and more — it would quickly lose impact, according to the officials.  

A NATO spokesperson confirmed Rutte and Michal spoke Friday and said the secretary general ‘has supported Estonia throughout the process.’

Rasmus Ruuda, director of the Government Communication Office of Estonia, told Fox News Digital Rutte ‘expressed support for Estonia and the Prime Minister thanked NATO for its actions.’

‘Article 4 is just a signal that we’re taking note of what happened,’  said Giedrimas Jeglinskas, a Lithuanian member of parliament and former NATO assistant secretary general. ‘We can be invoking Article 4 every week, and I think that only weakens us, because we’re unable to truly respond to that aggression that Russia is sort of throwing at us.’

The tension comes after a series of provocative moves by Moscow. Last month, missile-carrying Russian MiG-29s flew into Estonian territory, following an earlier breach of Polish airspace by 19 drones and repeated incursions over Romania. In Poland, jets scrambled to intercept the drones, shooting some of them down. It marked the first time since World War II that Polish armed forces mobilized to engage an airborne threat over their homeland.

The Russian jets in Estonia were eventually escorted out of its territory by Italian F-35s. Estonia’s Article 4 request followed Poland’s own invocation days earlier, prompting another round of consultations in Brussels.

Since its creation in 1949, Article 4 has been triggered only nine times. NATO’s warning to Russia after the Estonian request was blunt: any further breaches would be met with ‘all means’ of defense. Estonia’s defense minister said his nation was prepared to shoot down Russian planes violating airspace ‘if there is a need.’ 

But Jeglinskas said signaling without consequence risks leaving the alliance trapped.

‘We’re happy to do Article 4 every other day, but so what? What’s next?’ he said. ‘The real question is what happens when the jets actually enter our airspace.’

The debate cuts to a deeper question: what constitutes a ‘need’ to shoot down Russian jets? How can Russia be deterred without stumbling into direct war?

‘The last thing we want is to have NATO get drawn into a war with Russia,’ a senior State Department official told Fox News Digital. ‘God knows how that ends.’

‘Almost all wars … they don’t necessarily start with a big bang,’ the official went on. ‘They start with an escalation, and then somebody feels they need to respond to this, and then you just get in a toxic spiral.’

The United States has promised to defend ‘every inch’ of NATO while pressing Europe to bear more of its own defense burden. Washington’s mixed signals have only complicated matters.

Trump administration officials long favored reducing the U.S. troop presence in Europe. But President Donald Trump recently delivered one of the starkest warnings to Moscow, declaring that NATO states should shoot Russian aircraft down if they incur on their territory.

Jeglinskas said the statement resonated across the Baltic States. ‘What was really helpful was that President Trump was very clear,’ he said. ‘That gives us confidence we’re on the right track, and we really appreciate the support.’

Still, allies remain divided on whether to escalate. Some warn that Eastern Europe cannot credibly threaten retaliation without an American security guarantee. Others argue that deterrence depends on showing Russia its incursions carry a cost.

‘If we really want to send a proper message of deterrence to Russia, we need to be prepared to use kinetic force,’ Jeglinskas said. ‘That means neutralizing those jets — shooting them down or finding other ways to impose consequences — so Russia actually feels the cost of its incursions. That hasn’t happened yet, and it leaves us vulnerable.’

The airspace disputes now extend beyond fighter jets. European Union members are meeting in Copenhagen this week to discuss shoring up air defenses after a wave of drone sightings. Denmark briefly shut down its airspace following mysterious drone activity, while Lithuania’s Vilnius airport and Norway’s Oslo airport also reported disruptions. Drones have even been spotted over Germany’s northern state of Schleswig-Holstein.

‘We are not at war, but we are no longer at peace either. We must do much more for our own security,’ German Chancellor Friedrich Merz said in Düsseldorf.

NATO jets scrambled to intercept drones over Poland, but the response underscored a growing mismatch: deploying multi-million dollar fighters to counter small, unmanned aircraft is neither efficient nor sustainable.

‘NATO remains the most crucial element of our security equation,’ Jeglinskas said. ‘It’s the backbone through which our security is viewed. There’s really no doubt about NATO’s political will and its capability to defend its territory, but warfare is changing — and the question now is, has NATO adapted to the new way of war that is seeping through the borders of Ukraine?’

Jeglinskas warned that neither NATO nor the Baltic States have done enough. ‘The Polish incursion signified that NATO is not fully ready to counter these threats,’ he said. ‘Scrambling jets is a tremendous economic mismatch. If these kinds of attacks become swarms, it’s not sustainable.’

To address mounting threats, NATO last month launched Operation Eastern Sentry, reinforcing its presence on Europe’s eastern flank. Jeglinskas welcomed the move but said gaps remain.

‘Jets are very important, but more jets don’t mean we’re more secure from low-altitude drones,’ he said. ‘The question is: do we have sensors that can detect what’s happening from the ground up to a kilometer into our airspace? We don’t see that. It’s like a dead space.’

Jeglinskas called for stronger short- and medium-range radar, as well as layered defenses akin to Israel’s Iron Dome, capable of intercepting drones with both kinetic and electronic means.

‘NATO’s response is commendable,’ he said, ‘but it’s not enough. You need technical know-how, the right capabilities, and systems that are truly integrated if you want to make this work.’

For now, NATO remains caught between signaling resolve and acting on it. As Russia continues to test the alliance’s borders, Jeglinskas and other Eastern European officials warn that credibility is at stake. The next incursion, they argue, may demand more than words.

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Rejecting reports of a split with the brass, the Department of War says the National Defense Strategy was ‘seamlessly coordinated’ with senior civilian and uniform leaders — and that ‘any narrative to the contrary is false.’

On Monday, The Washington Post reported that multiple senior officers had raised concerns about the forthcoming strategy, pointing to a divide between political leadership.

Deputy Secretary of War Steve Feinberg pushed back on Wednesday, in an on-the-record statement to Fox News Digital.

‘The Department’s National Defense Strategy has been seamlessly coordinated with all senior civilian and military leadership with total collaboration — any narrative to the contrary is false,’ Feinberg said.

A senior War Department official said the strategy was the product of ‘extensive and intensive’ collaboration across the department.

The drafting team included a policy lead, a Joint Staff deputy and representatives from the military services who consulted widely with civilian and uniformed offices.

Under Secretary of War for Policy Elbridge Colby and the acting deputy under-secretary for policy, Austin Dahmer, met with leaders from every group. The official called that level of policy-shop engagement ‘unprecedented.’

Air Force Gen. Dan Caine, who chairs the Joint Chiefs of Staff, provided feedback directly to Secretary of War Pete Hegseth and Colby, the official said, and both assured him his input would be reflected in the final draft.

The Post report said political appointees in the Pentagon policy office led the drafting and described unusually sharp pushback from some commanders over priorities and tone. 

The War Department disputes that characterization and says the document was coordinated at the principal level and aligned closely with the National Security Strategy.

The pushback comes a day after Hegseth addressed hundreds of commanders at Marine Corps Base Quantico.

In a 45-minute speech, he argued the force needs tougher standards and a tighter focus on warfighting. He has recalled one-star and above officers from around the world to brief in person and has removed several senior general officers as part of a broader overhaul.

Hegseth says new directives will restore rigorous physical, grooming and leadership standards and require combat roles to meet one set of physical benchmarks.

The Washington Post did not immediately respond to Fox News Digital’s request for comment. 

Fox News Digital’s Jasmine Baehr and Morgan Phillips contributed to this report.

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Senate Democrats appear ready for the long haul as the government shutdown continues and are putting the onus of reopening the government on Republicans.

The Senate was out Thursday to observe the Jewish holiday Yom Kippur and is expected to return to action Friday to again vote on the dueling proposals to reopen the government. Though three Democratic caucus members have voted for the GOP’s plan, an end to the shutdown still seems a ways out.

Senate Democrats, led by Senate Minority Leader Chuck Schumer, D-N.Y., have largely unified around the push for expiring Obamacare tax credits that they say must be dealt with now rather than at the end of the year when they are set to end.

Republicans argue that any negotiations for the expiring subsidies can happen once the government reopens.

‘Democrats know we need to reopen the government, and they know that they’re appropriately getting blamed for shutting it down, and we’re going to continue to bring up the continuing resolution,’ Senate Majority Whip John Barrasso, R-Wyo., said. ‘There’s things they want to negotiate, and we can do that once the government is open.’

The White House, particularly Office of Management and Budget (OMB) Director Russ Vought, and President Donald Trump have ramped up pressure on Senate Democrats, too, with targeted spending cuts to blue states and threats of mass firings of federal workers.

But Vought’s targeted cuts likely do not help Democrats move closer to supporting the GOP’s continuing resolution (CR).

‘Russ Vought is a menace whether the government is open or closed. He wakes up figuring, ‘What damage can I do today?’ That’s what he does,’ Sen. Peter Welch, D-Vt., said. ‘So, the status of government [being] open or closed, it’s not relevant to Russell Vought. He just goes on his rampage every day.’

Senate Democratic leadership also appears unwilling to cave this early into a shutdown as Republicans plan to continue bringing their short-term extension to the floor. Senate Minority Whip Dick Durbin, D-Ill., said that he planned to continue to vote down the GOP’s plan.

‘How long can Republicans explain to the American people that they want to do nothing to help pay for health insurance?,’ he asked.

When asked if he was concerned by Vought targeting projects in blue states, Durbin said, ‘Sadly, it’s a consistent pattern.’

Sen. Chris Murphy, D-Conn., charged that Trump didn’t have ‘superpowers during a shutdown’ to fire federal workers and slash additional funding.

‘The news today is that the president is deciding to act illegally and shut down funding for Democratic states and keep money flowing for Republican states,’ Murphy said. ‘This is not a functioning democracy if the president seizes spending power in order to reward his friends and punish his enemies.’

Murphy said Democrats would not ‘get run over’ during the shutdown, and that the government would reopen when the GOP gets ‘serious about talking to Democrats.’

Early negotiations on a path forward materialized on the Senate floor on Wednesday, but no real deal came from those talks. Instead, Republicans and Democrats in the impromptu meeting said that they left with a better understanding of either side’s desires.

Sen. Gary Peters, D-Mich., previously voted with Schumer in March to keep the government open. The retiring senator was also one of the nearly dozen lawmakers in a bipartisan huddle on the Senate floor that sparked early negotiations on the expiring credits.

Peters said that it was ‘premature’ to say there was a deal or plan locked in after those talks, but he warned that deeper issues were still at play for congressional Democrats when it came to dealing with the GOP and White House.

‘There are all sorts of trust issues, both in the Senate and the House, so we have to work through all of that,’ he said.

And Sen. Catherine Cortez Masto, D-Nev., was one of just three Democratic caucus members who have now voted twice with Republicans on their CR. While she supported reopening the government, she still blamed Republicans for ignoring the Obamacare tax credits.

‘[Republicans] created this crisis … and they need to address it,’ she said. ‘They have no moral standing, no moral standing to stand back and say that this is all on the Democrats. They are in control, they created this crisis. People are suffering.’

When asked if she trusted Republicans in negotiations, Cortez Masto countered, ‘You tell me.’

‘They’re already entrenched in their positions, unfortunately, and not thinking about the American public,’ she said. 

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Gold continued to set new records on Wednesday (October 1), nearly reaching US$3,900 per ounce.

After spending the summer months consolidating, the yellow metal began pushing higher toward the end of August.

It quickly reached US$3,500 and continued past US$3,600, US$3,700 and US$3,800; gold rose as high as US$3,895 per ounce on Wednesday before retreating back to the US$3,850 mark by 2:00 p.m. EDT.

The yellow metal is up over 10 percent in the last month, and about 44 percent year-to-date.

Gold price, June 30 to October 1, 2025.

Gold’s latest rise comes after US Congress failed to reach an agreement on a spending bill ahead of the new fiscal year on Tuesday (September 30), triggering a government shutdown.

Democrats and Republicans had been at loggerheads as Democrats pushed for changes to the bill, including an extension to billions of dollars in subsidies for Obamacare, and as President Donald Trump threatened thousands of permanent layoffs — not just temporary furloughs — in the event of a shutdown.

Beyond current events, gold’s rise is underpinned by factors like strong central bank buying, global geopolitical uncertainty, concerns about the US dollar and other fiat currencies and expectations of lower interest rates.

Those factors have many experts predicting a rise beyond US$4,000, potentially before the end of the year, although a correction is widely expected beforehand.

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

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Perth, Australia (ABN Newswire) – Altech Batteries Limited (ASX:ATC,OTC:ALTHF) (FRA:A3Y) (OTCMKTS:ALTHF) pleased to announce its immediate entry into the sodium nickel chloride (SNC) (or previously referred as sodium alumina solid state (SAS)), battery market in Australia, Europe and United States of America through a strategic collaboration and distribution agreement with the current largest SNC battery manufacturer AMPower, a subsidiary of the Chilwee Group.

Highlights

– Altech signs collaboration agreement with AMPower for early market entry into Europe, Australia and the USA

– AMPower presently produces conventional zebra design sodium nickel chloride batteries for Uninterrupted Power Supply (UPS) and are developing BESS and traction batteries

– Altech’s CERENERGY(R) batteries use the same sodium nickel chloride chemistry, but are especially designed for high performance energy storage systems (ESS)

– Altech and AMPower will cooperate on sodium nickel BESS development. Each partner will have the authority to distribute the co-developed BESS under its own brand

– AMPower will manufacture energy storage packs in accordance with Altech specifications and supervision under Altech branding and distribution

– Altech gains immediate market entry and presence for sodium nickel chloride batteries to establish its energy storage battery market especially in Europe and Australia

– CERENERGY(R) cell technology I/P will not be shared with AMPower

– Altech’s CERENERGY(R) 120 MWh battery project development in Germany remains on track

– Preliminary funding approval from the German Government for 46.7 million Euro having been received

Chilwee is the third largest e-mobility battery manufacturer in China, with an annual turnover of US$20 billion, 23,000 employees, and production capabilities spanning lead-acid, lithium-ion, sodium-ion, and next-generation battery technologies. AMPower currently manufactures conventional Zebra-type sodium nickel chloride (Na/NiCl2) solid-state batteries-using the same chemistry as CERENERGY(R)-but mainly for the small Uninterrupted Power Supply (UPS) industrial market. AMPower was originally established as a joint venture with General Electric to produce sodium nickel chloride UPS batteries under the Durathon brand.

In the initial phase, AMPower will produce sodium nickel chloride solid state UPS batteries for Altech which will be under Altech brand, supervision and specification for distribution across Australia, Europe, and the USA. This strategy provides a faster pathway to cash flow for Altech.

This will strengthen the market presence and branding of Altech while the company advances and secures funding for its CERENERGY(R) 120 MWh energy storage project in Germany.

Several battery models that will be offered by Altech immediately are shown above. These sodium nickel chloride UPS batteries are completely fireproof, featured long cycle life, and operate reliably in both extreme heat and cold. A key advantage of these sodium nickel chloride UPS batteries is their capacity to stay fully charged, idle, and instantly ready for discharge for more than 10 years-without the need for regular maintenance or the frequent replacements required by leadacid, lithium-ion or Ni-Cad batteries. These UPS batteries also serve a unique niche in explosion-proof environments or locations where lithium-ion batteries are restricted or banned. To capture this market, Altech has recruited a team of experienced marketing professionals to drive the sales process.

ESS Batteries

In the second phase, AMPower, with its available production capacity, intends to manufacture sodium nickel chloride batteries for the household, industrial, and grid-scale energy storage markets.

AMPower currently has a production capacity of approximately 100 MWh per annum, with the ability to scale up to 200 MWh per annum. Altech and AMPower will cooperate on small and medium size sodium nickel BESS development. Each partner will have the authority to distribute the codeveloped BESS under its own brand. AMPower will produce sodium nickel chloride BESS for Altech, under Altech brand and sales managed by Altech in the three key markets Europe, Australia and the USA. This arrangement will generate additional cash flow over and above the UPS sales, while building product credibility and brand recognition, paving the way for the CERENERGY(R) 120 MWh large scale industrial energy storage project in Germany.

This collaboration fast-tracks the commercialisation of Altech’s sodium nickel chloride (Na/NiCl2) solid-state battery technology, enabling immediate production of Altech-branded battery packs to meet growing customer demand, reinforced by strong interest from existing offtake partners. Crucially, the arrangement excludes any transfer or sharing of Altech’s proprietary IKTS CERENERGY(R) battery cell technology with AMPower, ensuring complete protection of Altech’s intellectual property. And vice versa, AMPower will not transfer or share AMPowers Durathon(R) battery cell technology with Altech, ensuring complete protection of the intellectual property of GE and Chilwee.

Under the agreement, AMPower will manufacture the battery cells, integrate the battery management and thermal systems, and assemble the grid-ready battery packs. AMPower will also provide customers with the required warranties and performance guarantees for the grid systems. Altech will define the technical specifications and operational modes tailored to a range of energy storage and BESS applications, while overseeing production, branding, regional certifications, marketing, and distribution across Europe, the United States, and Australia. All products produced by AMPower on requirements of Altech will be marketed under the Altech brand and interface, and will comply with international battery standards. This collaboration positions Altech to fast-track its entry into the grid battery market and establish an immediate commercial presence across its key regions.

BENEFITS FOR AMPOWER

AMPower’s current facility is operating at an annual production rate of approximately 100 MWh, primarily supplying the small-scale UPS commercial market with 20-30 kWh battery units. The company has the ability to scale production to 200 MWh per annum with minimal additional capital investment. By supplying Altech’s grid-scale battery packs, AMPower will be able to substantially increase its individual cell production volumes, unlocking greater economies of scale and reducing overall unit costs. Altech will provide the sales expansion needed to drive this market entry and support the ramp-up of AMPower’s operations.

BENEFITS FOR ALTECH

Altech’s new go-to-market strategy is designed to accelerate commercial progress and operational readiness while delivering early financial returns. By launching UPS and grid-scale battery packs ahead of commissioning its CERENERGY(R) plant in Germany, Altech will establish a steady revenue stream to offset operational costs and reduce reliance on external funding during the transition to full-scale production. Early market entry enables Altech to build a customer base across key regions-including Australia, Europe, and the United States-while strengthening brand recognition and market credibility.

This first-mover advantage also mitigates risks from competing battery technologies, as Altech’s sodium nickel chloride (Na/NiCl2) batteries gain real-world application experience ahead of rivals.

The collaboration further provides Altech with direct exposure to battery production and systems integration, offering hands-on experience in areas such as BESS assembly, energy management systems, and system thermal control. These practical insights will support the refinement and optimisation of Altech’s CERENERGY(R) battery packs.

SAME CHEMISTRY – ORIGINAL TECHNOLOGY

ZEBRA cells originally designed in the early 90s employ the same sodium nickel chloride (Na/NiCl) cell chemistry that forms the basis of Altech’s CERENERGY(R) technology, however with an entirely different geometry and use profile. This proven chemistry is inherently non-flammable, highly tolerant of extreme temperatures, and delivers long cycle life with stable performance. ZEBRA batteries are particularly well suited for UPS systems and smaller energy storage applications.

CERENERGY(R) represents the next generation of sodium nickel chloride technology, featuring an advanced tubular design that enhances thermal management, improves electrochemical efficiency, and delivers higher energy density beside simplifying the manufacturing process whilst increasing quality, reliability and performance. Its simplified architecture reduces inactive material, substantially lowers system costs, and increases reliability-making it a scalable and robust solution for grid – scale stationary energy storage. Notably, the new cell design delivers a 2.6-fold increase in capacity, rising from 38 Ah to 100 Ah, marking a significant leap in performance. In addition CERENERGY(R) feature a number of other improvements in terms of material composition, electrode design and composition, which are part of the confidential IP and shall not be publicised.

Importantly, the cooperation with AMPower ZEBRA UPS batteries followed by small and medium size energy storage systems with the branding of Altech helps build market acceptance of sodium nickel chloride technology while fully complementing, rather than competing with, the development of the CERENERGY(R) grid scale battery storage production project in Germany.

Altech Group Managing Director Iggy Tan said:

‘Altech is experiencing exceptional interest in our sodium nickel chloride solid-state battery technology, especially from customers seeking safer, more reliable alternatives to lithium-ion. These batteries are inherently fireproof, perform reliably in extreme temperatures, and offer strong environmental credentials – making them an ideal fit for the needs of the stationary energy storage market. Growing concerns over battery fire risks, particularly in data centres and AI facilities, are further accelerating demand. Our collaboration with AMPower enables immediate production, and our offtake customers are eager to secure supply. With special focus on UPS as well as small and medium size energy storage this early market entry strategy is augmenting and not competing with the large scale grid energy storage Cerenergy Battery strategy. By moving quickly to meet this demand, Altech is positioning itself as a leader in what we see as the next major wave in battery storage innovation.’

To view details of the Agreement, please visit:
https://abnnewswire.net/lnk/PEUQAPMZ

About Altech Batteries Ltd:

Altech Batteries Limited (ASX:ATC,OTC:ALTHF) (FRA:A3Y) is a specialty battery technology company that has a joint venture agreement with world leading German battery institute Fraunhofer IKTS (‘Fraunhofer’) to commercialise the revolutionary CERENERGY(R) Sodium Alumina Solid State (SAS) Battery. CERENERGY(R) batteries are the game-changing alternative to lithium-ion batteries. CERENERGY(R) batteries are fire and explosion-proof; have a life span of more than 15 years and operate in extreme cold and desert climates. The battery technology uses table salt and is lithium-free; cobalt-free; graphite-free; and copper-free, eliminating exposure to critical metal price rises and supply chain concerns.

The joint venture is commercialising its CERENERGY(R) battery, with plans to construct a 100MWh production facility on Altech’s land in Saxony, Germany. The facility intends to produce CERENERGY(R) battery modules to provide grid storage solutions to the market.

Source:
Altech Batteries Ltd

Contact:
Corporate
Iggy Tan
Managing Director
Altech Batteries Limited
Tel: +61-8-6168-1555
Email: info@altechgroup.com

Martin Stein
Chief Financial Officer
Altech Batteries Limited
Tel: +61-8-6168-1555
Email: info@altechgroup.com

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Mustang Energy Corp. ( CSE: MEC, OTC:MECPF, FRA:92T ) (the ‘ Company ‘ or ‘ Mustang ‘) announces that, in connection with Skyharbour Resources Ltd. (TSX-V: SYH), it has staked an additional claim on its 914W Uranium Project.

The new claim (MC00022913) totals 1182.25 ha and is located immediately to the east of the original 914W claim. It has seen only minimal modern exploration, being partially covered by the same 2005 VTEM (southern half) and 2007 Tempest TDEM surveys (north half) as MC00017142, with lake sediment sampling also being done on the claim in 2007. Historical exploration on the claim included airborne EM, magnetic, and radiometrics surveys in 1969 and 1976, with prospecting, geological mapping, lake sediment and radon sampling, also taking place in 1969 and 1976.

About Mustang Energy Corp.:

Mustang Energy is a Canadian mineral exploration company focused on the discovery and development of high-potential uranium and critical mineral assets. The company holds a portfolio of 147,153 hectares of strategically located properties in Saskatchewan’s Athabasca Basin—one of the world’s premier uranium districts. Mustang is advancing early-stage exploration through modern techniques and a disciplined, data-driven approach. The Company is committed to building long-term value through responsible exploration and a focus on high-impact targets in underexplored areas.

For further information, please contact:

Mustang Energy Corp.

Attention: Nicholas Luksha, CEO and Director
Phone: (604) 838-0184

Neither the CSE nor the Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

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Apex Resources Inc. (TSXV: APX) (OTCID: SLMLF) (‘Apex’ or the ‘Company’) announces that the Company will not be proceeding with a further tranche of the non-brokered financing (the ‘Financing’) announced in its news releases dated July 25, 2025 and September 3, 2025.

The Company also announces that it intends to raise on a non-brokered financing basis up to $250,000 in flow-through funding (the ‘FT Financing’) that will consist of up to 3,571,429 FT Units (the ‘FT Units’), priced at $0.07 per FT Unit. Each FT Unit will consist of one flow-through common share (the ‘FT Share’) plus one-half (1/2) non-transferable non-flow-through share purchase warrant (each whole warrant, a ‘NFT Warrant’). Each NFT Warrant is exercisable to purchase one additional non-flow-through common share of the Company (the ‘NFT Warrant Share’) at $0.10 for a period of two years from the date of closing.

The FT Shares will qualify as ‘flow-through shares’ (within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the ‘Tax Act‘). The gross proceeds raised from the issuance of the FT Shares will be used by the Company to incur ‘Canadian exploration expenses’ (within the meaning of the Tax Act). The Company reserves the right to accept additional funds or increase the FT Financing, subject to regulatory approval, should the FT Financing be oversubscribed.

The Company may pay finder’s fees to certain third parties of up to 7% in cash and up to 7% in compensation warrants (the ‘Finder’s Fee’) in connection with the sale of FT Units to arm’s length subscribers. Each compensation warrant will entitle the holder to purchase one additional common share of the Company at $0.07 for a period of two years from the date of closing.

Closing of the FT Financing and the payment and/or issuance of the Finder’s Fee are subject to TSX Venture Exchange approval and all securities issued pursuant to the FT Financing and Finder’s Fee will be subject to a four-month and one day hold period from the closing date.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the ‘U.S. Securities Act‘), or any U.S. state securities laws, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the U.S. Securities Act) absent registration under the U.S. Securities Act and applicable state securities laws or an exemption from such registration requirements is available.

About Apex Resources Inc.

Apex is a Vancouver-based exploration company with a suite of precious and critical minerals projects and historic mines located in the United States and Canada.

The Jersey-Emerald Property is wholly owned by Apex and encompasses the historic Jersey Lead-Zinc Mine – British Columbia’s second largest historic zinc mine, and the Emerald Tungsten Mine – Canada’s second largest historic tungsten mine, both located in southern British Columbia.

The Lithium Creek Project is Apex’s flagship project with placer claims covering hundreds of square miles within the aerially extensive Fernley, Humboldt, and Carson Sinks, and includes widespread naturally flowing lithium brine groundwater. The Lithium Creek Project is strategically located near the City of Reno and within 40 minutes of the principle North American battery hub, hosting the Tesla Gigafactory and other key industry players in the Lithium Ion battery supply chain.

On Behalf of the Board of Directors of

Apex Resources Inc.
Ron Lang,
President & CEO

Ph. +1(250) 212-7119 or info@apxresources.com website: www.apxresources.com

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

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: This news release may contain forward-looking information within the meaning of applicable securities laws (‘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, including but not limited to, closing of the FT Financing. These forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation: risks related to fluctuations in metal prices; uncertainties related to raising sufficient financing to fund exploration work in a timely manner and on acceptable terms; changes in planned work resulting from weather, logistical, technical or other factors; the possibility that results of work will not fulfill expectations and realize the perceived potential of the Project; risk of accidents, equipment breakdowns and labour disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in conducting work programs; the risk of environmental contamination or damage resulting from Apex’s operations and other risks and uncertainties. Any forward-looking statement speaks only as of the date it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/268813

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