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Zinc companies were supported in 2025 as prices rebounded during the second half of the year and, by the end of December, had crossed above US$3,000 per metric ton.

However, the metal still faces headwinds, as its biggest demand driver is its use in the production of galvanized steel destined for construction projects. Weak outlook comes amid diminishing expectations of a resurgence in the Chinese housing sector.

Additionally, US trade policy has softened demand, as uncertainty has dampened investor sentiment.

Although surpluses in the mined supply of zinc have narrowed, a significant amount of refined product remains in warehouses, which continues to contribute to an oversupply.

Data was gathered on December 24, 2025, using TradingView’s stock screener, and only zinc stocks with market caps greater than C$50 million at that time were considered. Read on to learn more about their operations and plans.

1. Teck Resources (TSX:TECK.A,TSX:TECK.B)

Market cap: C$31.25 billion
Share price: C$62.65

Teck Resources is a major global polymetallic miner, as well as one of the world’s top zinc producers. The company is headquartered in Vancouver, British Columbia.

The Canadian company produced 615,900 metric tons (MT) of zinc in concentrate in 2024, with 555,600 MT coming from its Red Dog zinc mine in Alaska, US. The remaining 60,300 MT came from Teck’s 22.5 percent share of zinc production from the Peru-based Antamina copper-zinc mine.

Teck’s total 2025 production guidance for the base metal is set in a range of 525,000 to 575,000 MT. As of September, the company’s zinc production for the year totaled 456,000 MT.

In addition to the sites mentioned, Teck owns the Trail operations, which it describes as “one of the world’s largest fully integrated zinc and lead smelting and refining complexes.” Located in BC, the Trail operations produced 256,000 MT of refined zinc in 2024, with 190,000 to 230,000 MT of the material expected in 2025.

In September, Teck agreed to combine with mining giant Anglo American (LSE:AAL,OTCQX:NGLOY) in a C$70 billion ‘merger of equals’ to create Anglo-Teck. The merged company would remain headquartered in Vancouver and become BC’s largest company ever.

Then on December 15, Canada’s federal government announced it had approved the deal after both companies committed to securing 4,000 Canadian jobs and spending C$4.5 billion over five years within Canada. The merger’s completion still requires approvals from other countries and regulatory reviews.

2. Foran Mining (TSX:FOM)

Market cap: C$2.62 billion
Share price: C$4.87

Foran Mining is a development company advancing its McIlvenna Bay project in Saskatchewan, Canada, toward production.

The property consists of 113 claims covering an area of 140,445 hectares near Flin Flon on Saskatchewan’s border with Manitoba.

A technical report from the project released in March 2025 demonstrated an indicated resource of 1.86 billion pounds of zinc at an average grade of 2.18 percent from 38.6 million metric tons of ore, plus an inferred resource of 260 million pounds at a grade of 2.6 percent from 4.5 million metric tons.

In December 2025, Foran announced that development on the project was 79 percent complete, advancing on schedule and on budget, and the company remained on track to begin commercial production in mid-2026. It also said that at the end of November, ore stockpiles had reached approximately 165,000 metric tons.

‘Pre-commissioning activities are well underway, and progress to date demonstrates the operational readiness of our team and infrastructure,’ Foran Executive Chairman and CEO Dan Myerson stated. ‘… 2026 (is) an important transition year for Foran as the Company moves into production, while advancing Phase 2 planning and continued exploration focused on unlocking district scale potential.’

3. Trilogy Metals (TSX:TMQ)

Market cap: C$1.14 billion
Share price: C$6.66

Trilogy Metals is focused primarily on copper, zinc and cobalt at its Alaskan Upper Kobuk projects, which are held by Ambler Metals, a joint venture operating company owned equally by Trilogy and South32 (ASX:S32,OTC Pink:SHTLF).

Its most advanced zinc project is the Arctic copper-zinc-lead-gold-silver volcanogenic massive sulfide project, which is in the feasibility stage and has proven and probable reserves of 43.44 million MT grading 3.12 percent zinc.

In addition, early stage 2023 field work at the company’s wholly owned Helpmejack project in Alaska’s Ambler belt outlined two target areas prospective for volcanogenic massive sulfide and shale-hosted zinc deposits.

Trilogy had been focusing on improving access to the region with its Amber Access project, but it was rejected by the US Bureau of Land Management under the Biden administration in June 2024 due to the impact the proposed road could have on the environment and communities in the region, which has seen little development.

However, the current Trump administration has enacted a series of executive and secretarial orders focusing on developing Alaska’s natural resources, leading to the reversal of the decision.

On October 24, the company announced that the Alaska Industrial Development and Export Authority had issued a right-of-way permit for the road, re-establishing federal authorization for the project.

‘The execution of these federal permits marks a pivotal milestone for the Ambler Road and the State of Alaska,’ Trilogy Metals President and CEO Tony Giardini said.

4. Fireweed Metals (TSXV:FWZ)

Market cap: C$579.91 million
Share price: C$2.73

Fireweed Metals is a critical metals company whose flagship Macmillan Pass zinc project is located in Canada’s Yukon. In 2023, the company acquired the Gayna River zinc project in the Northwest Territories, as well as the Mactung tungsten project, which is adjacent to Macmillan Pass and straddles the border between Yukon and the Northwest Territories.

In November 2023, the Fireweed team, led by Dr. Jack Milton, the firm’s vice president of geology, received the Association for Mineral Exploration’s H.H. ‘Spud’ Huestis Award for its work at the Macmillan Pass property.

In September 2024, after its largest regional exploration campaign ever at Macmillan Pass, the company released an updated resource estimate for the Tom and Jason deposits, as well as inaugural resource estimates for the Boundary zone and End zone deposits.

Fireweed launched its 2025 field program in early June, planned to include 12,000 meters of diamond drilling at Macmillan Pass and 3,000 meters at Gayna.

On September 23, Fireweed reported one of the best assays ever recorded at Macmillan Pass from a 115 meter step-out hole at the Tom South target, which hosted a 54.82 meter intersection grading 18.2 percent zinc, including an interval of 7.1 meters with 32.82 percent zinc.

Then, in an update on December 11, the company announced its inaugural drilling at Gayna intersected zinc mineralization, with a highlighted assay of 51.22 meters grading 4.4 percent zinc, including 24 meters with 7.3 percent.

‘Our first season of drilling at Gayna successfully intersected significant zinc and lead mineralization at the Intrepid target, validating the prospectivity of the project,’ Fireweed Metals President and CEO Ian Gibbs said.

5. Emerita Resources (TSXV:EMO)

Market cap: C$167.89 million
Share price: C$0.57

Emerita Resources has a portfolio of high-grade, large-scale polymetallic projects covering more than 26,000 combined hectares in Spain’s Iberian Pyrite Belt. The company’s flagship asset is the Iberian Belt West project, which hosts three massive sulfide deposits: La Infanta, La Romanera and El Cura.

Emerita released a resource estimate for Iberian Belt West in May 2023. It finished environmental baseline studies the following month, and completed supporting documentation for its mining license application in December 2023.

In July 2024, the Andalusian government granted Iberian Belt West a declaration of strategic interest, which will streamline the process of moving the project through development.

Phase 2 metallurgical testing results for the La Romanera and La Infanta deposits released in late 2024 show that commercial-grade copper, lead and zinc concentrates can be obtained from both deposits.

In March of this year, Emerita announced an updated resource estimate for Iberian Belt West, showing a 35 percent increase to the total indicated mineral resource tonnage and a 44 percent increase in total inferred mineral resource tonnage.

The total indicated resource stands at 547,000 metric tons of zinc, with an average grade of 2.88 percent zinc, from 18.96 million metric tons of ore, and the inferred resource is 221,000 metric tons from 6.8 million metric tons grading 3.25 percent zinc.

The company has continued to explore the site through the rest of 2025. On October 17, the company announced it had extended the El Cura deposit by 90 meters and highlighted one intersection measuring 4.1 meters with a grade of 8.5 percent zinc.

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

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VANCOUVER, BC / ACCESS Newswire / December 31, 2025 / Goldgroup Mining Inc. (‘Goldgroup‘ or the ‘Company‘) (TSXV:GGA,OTC:GGAZF)(OTCQX:GGAZF).

Goldgroup announces that, subject to the final approval of the TSX Venture Exchange (the ‘TSXV‘), it has entered into an agreement with a private arm’s length British Columbia company under which it has agreed to sell all of the issued and outstanding Class ‘A’ shares and Class ‘B’ common shares in the capital (collectively the ‘Apolo Shares‘) of Minera Apolo, S.A. de C.V. (‘Apolo‘), which owns all the issued and outstanding shares of Minera Catanava, S.A. de C.V. (‘MC‘). Apolo and MC collectively hold a 100% interest in the Pinos gold/silver project (‘Pinos‘) located in Zacatecas State, the second largest mining state in Mexico. Pinos comprises 30 contiguous mining concessions over 3,816 hectares. The sale of Apolo is an Arm’s Length Transaction and there are no finder’s fees payable.

Ralph Shearing, Chief Executive Officer, commented: ‘Having received an unsolicited bid for Pinos, management determined that it would be the best use of the Company’s resources to dispose of the Pinos asset based on the Company’s recent acquisition of the San Francisco gold mine, which is a much larger and more advanced project than Pinos. The Company’s focus will be the continued development and optimization of our flagship Cerro Prieto heap-leach gold mine and advancing towards a re-start of gold production at the San Francisco gold mine (see news release dated December 24, 2025). Both assets are located within 44km in a straight line from each other in the state of Sonora, Mexico. The San Francisco gold mine represents a unique opportunity to consolidate a highly prospective gold district.’ Mr. Shearing further stated: ‘At this stage of our Company’s development, with Pinos being a non-core asset, management and the board of directors has elected to monetize Pinos with an attractive, high cash purchase offer, deploying the sale proceeds towards Cerro Prieto optimization and re-starting gold production at San Francisco.

Under the terms of the Share Purchase Agreement, Goldgroup has agreed to sell all the Apolo Shares to a private arm’s length British Columbia company (the ‘Purchaser‘) in consideration of the payment to Goldgroup of US$5,000,000 in stages, with US$2,450,000 deposit payable on signing which will be refunded if the transaction does not close by February 16, 2026, US$550,000 to be paid on closing and US$2,000,000 to be secured by a Promissory Note and paid on or before the date that is six (6) months from the Closing Date. Further, the Purchaser has agreed to assume any and all liabilities of Goldgroup associated with Apolo, MC and the Pinos project, including the assumption of US$400,000 remaining payable on the original purchase agreement in addition to debt in the amount of US$1,500,000 payable to the previous owners of Apolo that will be triggered by the sale of Apolo. Goldgroup, the Purchaser and the previous owners of Apolo have also agreed to enter an Assumption and Acknowledgement Agreement under which the previous owners acknowledge and agree that they will have no further recourse against Goldgroup for any liabilities related to Apolo, MC and the Pinos project, all of which have been assumed by the Purchaser.

Cautionary Statement
The closing of the sale of Apolo is subject to the approval of the TSX Venture Exchange.

Clarification regarding Investor Relations Agreement
At the request of the TSXV, Goldgroup wishes to clarify its news release of October 13, 2025, regarding the retention of Machai Capital Inc. to provide digital marketing services on behalf of the Company. Goldgroup advises that it paid Machai Capital Inc. $200,000 as an upfront fee. Further Goldgroup advises that neither Machai Capital Inc. nor its principal Suneal Sandhu owned any securities of Goldgroup as at October 13, 2025.

About Goldgroup
Goldgroup is a Canadian-based mining Company with two high-growth gold assets in Mexico. In addition to the San Francisco gold mine, the Company has a 100% interest in the producing Cerro Prieto heap-leach gold mine located in the State of Sonora. An optimization and exploration program is underway at Cerro Prieto to significantly increase existing production and resources. The acquisition of Molimentales del Noroeste, S.A. de C.V. (‘Molimentales‘), the owner of the San Francisco gold mine is subject to final approval from the TSXV.

Goldgroup is led by a team of highly successful and seasoned individuals with extensive expertise in mine development, corporate finance, and exploration in Mexico.

For further information on Goldgroup, please visit www.goldgroupmining.com

On behalf of the Board of Directors

‘Ralph Shearing’
Ralph Shearing, CEO

For more information:
+1 (604) 306-6867
410 – 1111 Melville St.
Vancouver, BC, V6E 3V6
www.goldgroupmining.com
ir@goldgroupmining.com

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

CAUTIONARY NOTES REGARDING FORWARD-LOOKING INFORMATION
Certain information contained in this news release, including any information relating to future financial or operating performance, may be considered ‘forward-looking information’ (within the meaning of applicable Canadian securities law) and ‘forward-looking statements’ (within the meaning of the United States Private Securities Litigation Reform Act of 1995). These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Actual results could differ materially from the conclusions, forecasts and projections contained in such forward-looking information.

These forward-looking statements reflect Goldgroup’s current internal projections, expectations or beliefs and are based on information currently available to Goldgroup. In some cases forward-looking information can be identified by terminology such as ‘may’, ‘will’, ‘should’, ‘expect’, ‘intend’, ‘plan’, ‘anticipate’, ‘believe’, ‘estimate’, ‘projects’, ‘potential’, ‘scheduled’, ‘forecast’, ‘budget’ or the negative of those terms or other comparable terminology. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements.

Forward-looking information is subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to materially differ from those reflected in the forward-looking information, and are developed based on assumptions about such risks, uncertainties and other factors including, without limitation: receipt of all required TSXV, regulatory and other interested party approvals in connection with the Concurso Mercantilprocess; uncertainties related to actual capital costs operating costs and expenditures; production schedules and economic returns from Goldgroup’s projects; timing to integrate acquisitions (San Francisco Mine) and timing to complete additional exploration and technical reports; uncertainties associated with development activities; uncertainties inherent in the estimation of mineral resources and precious metal recoveries; uncertainties related to current global economic conditions; fluctuations in precious and base metal prices; uncertainties related to the availability of future financing; potential difficulties with joint venture partners; risks that Goldgroup’s title to its property could be challenged; political and country risk; risks associated with Goldgroup being subject to government regulation; risks associated with surface rights; environmental risks; Goldgroup’s need to attract and retain qualified personnel; risks associated with potential conflicts of interest; Goldgroup’s lack of experience in overseeing the construction of a mining project; risks related to the integration of businesses and assets acquired by Goldgroup; uncertainties related to the competitiveness of the mining industry; risk associated with theft; risk of water shortages and risks associated with competition for water; uninsured risks and inadequate insurance coverage; risks associated with potential legal proceedings; risks associated with community relations; outside contractor risks; risks related to archaeological sites; foreign currency risks; risks associated with security and human rights; and risks related to the need for reclamation activities on Goldgroup’s properties, as well as the risk factors disclosed in Goldgroup’s MD&A. Any and all of the forward-looking information contained in this news release is qualified by these cautionary statements.

Although Goldgroup believes that the forward-looking information contained in this news release is based on reasonable assumptions, readers cannot be assured that actual results will be consistent with such statements. Accordingly, readers are cautioned against placing undue reliance on forward-looking information. Goldgroup expressly disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, events or otherwise, except as may be required by, and in accordance with, applicable securities laws.

SOURCE: Goldgroup Mining, Inc.

View the original press release on ACCESS Newswire

News Provided by ACCESS Newswire via QuoteMedia

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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. 

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The Senate will return to a fast-approaching government funding deadline, but this time both sides appear ready to avoid another shutdown.

When lawmakers in the upper chamber return Monday, they will have three working weeks to fund the government. That process fizzled out before they left town earlier in December, but lawmakers are hopeful that both parties can come together to ward off a repeat of September’s funding deadline.

Senate Minority Leader Chuck Schumer, D-N.Y., told reporters before leaving the Capitol that Democrats’ goal was to have the remaining slate of appropriations bills completed by the Jan. 30 deadline. It takes 12 spending bills to fund the government, and so far, neither chamber has come close to hitting that mark.

‘We want to get through the process and get the appropriations bills done,’ Schumer said.

It’s a stark departure from his and Democrats’ earlier position, given that they shut the government down for a record 43 days in a bid to bring expiring Obamacare subsidies to the forefront of discussions.

Congressional Democrats also have been leery of working with their Republican counterparts after President Donald Trump’s roughly $9 billion clawback package, which cut funding to already agreed-to programs and priorities, passed on a partisan vote over the summer.

A similar issue played out just as the Senate was on the cusp of advancing a five-bill spending package before skipping town.

Sens. Michael Bennet, D-Colo., and John Hickenlooper, D-Colo., held up the process over the Trump administration’s plan to dismantle the National Center for Atmospheric Research (NCAR) in Boulder, Colorado. 

Office of Management and Budget Director Russ Vought had just announced that same day that the facility would be put under a microscope, and charged that the NCAR was ‘one of the largest sources of climate alarmism in the country.’

For now, the duo appear entrenched in their position.

‘This holiday season, hundreds of NCAR employees face uncertainty about their jobs and communities across the state are worried they won’t get the support they need to rebuild their lives after historic flooding and wildfires,’ Bennett said in a statement. ‘Colorado deserves better, and I am doing everything in my power to fight back and protect our state from the President’s vindictive chaos.’

There’s also the issue of dealing with the Obamacare subsidies, which will have expired by the time lawmakers return to Washington, D.C. A group of bipartisan senators are working on a possible solution, and there are plans in the House — one from the GOP that already passed and another bipartisan effort that is expected to get a vote early January — that could make their way onto the Senate floor.

And Congressional Democrats are likely to use the healthcare issue as leverage during the impending spending fight.

Exactly how lawmakers avoid another shutdown is still in the air. The Senate is determined to advance its five bill package, which includes legislation to fund the departments of Defense, Labor, Health and Human Services, Education, Commerce, Justice, Interior, Transportation, and Housing and Urban Development.

But in order for those bills to make it to Trump’s desk, the House has to agree. So far, the lower chamber has only passed a handful of spending bills, and has not brought any appropriations bills to the floor for months.

Senate Majority Leader John Thune, R-S.D., already is gaming out a ‘a contingency plan.’

‘We got to fund the government by the end of the month,’ Thune said. ‘And so we’re looking at, you know, determining what that looks like, obviously, if we can pass the five bill package, and if we can’t, then what that looks like.’

‘So there’s a lot of thought being given and just to make sure that we don’t end up in a, you know, posture at the end of the month where we’re looking at, staring at a shutdown again,’ he continued.

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Tatiana Schlossberg, the environmental journalist and author who was the granddaughter of former President John F. Kennedy, has died at the age of 35, her family announced.

‘Our beautiful Tatiana passed away this morning. She will always be in our hearts,’ the family said in a statement shared via the JFK Library Foundation’s Instagram account Tuesday.

Born and raised in New York City, Schlossberg was the daughter of Caroline Kennedy and the granddaughter of Jacqueline Kennedy Onassis and the former president.

She built a career as a voice on climate and environmental issues. In 2023, Schlossberg was diagnosed with acute myeloid leukemia and after she had given birth to her second child.

Schlossberg shared her experience publicly in a personal essay for The New Yorker in November 2025.

‘My parents and my brother and sister, too, have been raising my children and sitting in my various hospital rooms almost every day for the last year and a half,’ she wrote at the time.

This is a developing story. Please check back for updates.

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Sen. Jim Justice, R-W.V., believed that Republicans had accomplished numerous feats in 2025, but he and his party had fallen woefully short of truly understanding what the everyday American thinks.

‘We, as Republicans, and I have said this so many times, we’re lousy,’ Justice told Fox News Digital. ‘We’re great at doing the good things, but we’re lousy at really knowing what Toby and Edith are thinking. And that causes a lot of problems.’

‘Toby’ and ‘Edith’ are the names Justice gives to the average voter, a group he said that he knows well from his time as West Virginia’s governor for eight years before joining the Senate after scoring an easy victory in the 2024 election.

Justice’s frustration came as Congress was readying to leave Washington, D.C., until the new year. Lawmakers had failed to tackle one last remaining issue after scores of legislative victories in the upper chamber: extending, or replacing, expiring Obamacare premium subsidies.

Those tax credits are set to lapse Wednesday, and tens of millions of Americans will see their out-of-pocket costs for healthcare double, triple and in some cases skyrocket by more than 300%.

Justice said that, as governor, there was understanding the credits would expire, given that Democrats under former President Joe Biden both enhanced the subsidies and set an expiration date for the end of the year. 

But to Toby and Edith, the political machinations and fights that dominated the latter part of the year mattered little. It’s the end result that they’re paying attention to, Justice said.

‘They’re thinking, ‘Well, you know, I know [former President Barack] Obama started all this stuff, and I know it didn’t work, and everything, but the Republicans are pretty much in charge right now,’’ Justice said. ‘‘So, you know, if they’re in charge, why don’t they fix it?’’

Effectively, he said, the extra money that people had to work with thanks to the subsidies would vanish, putting families and the Tobys and Ediths in the country under more financial strain.

‘That’s how they think, you know,’ Justice said. ‘And so what I would say to you is, if Republicans aren’t concerned about that, they’re making a bad move on the chessboard.’

What a fix could look like is in the air, for now. Senate Republicans’ plan to convert the subsidies into health savings accounts failed. So did Senate Democrats’ push for a three-year extension.

There are options bubbling from the House, including the GOP’s package that doesn’t address the subsidies, and a bipartisan plan that, similar to Senate Democrats’ proposal, would extend the subsidies for three years. The latter is expected to get a vote in early January.

Justice lauded President Donald Trump and Republicans’ work throughout the year, arguing that the GOP trifecta had ‘almost pitched nine perfect games,’ but the healthcare issue was one that would sting, politically and on the ground.

‘I think just an extension doesn’t work,’ Justice said. ‘We need to fix it. We need to fix it all. And I think that’s what President Trump is really trying to do. He’s trying to get the money in their hands, instead of the money to insurance companies. All that’s great and everything, but I’m telling you, our messaging is, as Republicans, is not great in my book.’

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Escalating claims by Russia that Ukraine tried to hit a residence used by President Vladimir Putin with drones have been dismissed by a top military drone expert, who called the alleged attack ‘hard to fathom’ and tactically implausible.

Cameron Chell’s comments came as Moscow doubled down on accusations Kyiv has flatly denied, with the drone industry leader arguing the alleged strike announced Monday runs counter to Ukraine’s drone tactics.

Chell, the CEO and co-founder of Draganfly, a drone manufacturer that supplies to the U.S. Department of Defense and allied militaries, including Ukraine, said Russia’s claims lack credibility.

‘What really makes things usually very signature about Ukraine is that they’re always incredibly clever about how they use drones,’ Chell told Fox News Digital.

‘They are clever from a cost perspective — let’s call it an efficiency perspective — but also very clever in their tactics,’ he added.

‘I find it hard to fathom that this drone attack even happened on Putin’s residence or that it was something that Ukraine orchestrated for a number of reasons,’ Chell said.

‘To get over the top of Putin’s residence, for one, the drones would not have been launched from a very long distance away,’ he added.

Chell’s comments came as Russia doubled down Tuesday on accusations that Ukraine attempted to strike a presidential palace in the Novgorod region using drones, allegedly to disrupt peace efforts.

Kyiv dismissed the allegation, with the timing also raising questions given the upbeat tone of a recent meeting between President Trump and Ukrainian President Volodymyr Zelenskyy in Florida.

Russian Foreign Minister Sergey Lavrov claimed late Monday that 91 drones were intercepted en route to Putin’s residence on the shores of Lake Valdai.

His statement appeared to contradict earlier Defense Ministry tallies, which said 89 drones were shot down over eight regions, including 18 over Novgorod, later adding another 23.

Only after Lavrov spoke did the ministry allege that 49 drones intercepted over Bryansk, nearly 300 miles away, were also targeting Valdai.

Asked about wreckage, Kremlin spokesman Dmitry Peskov said it was ‘a matter for our military,’ while calling Zelenskyy’s denial and Western skepticism ‘completely insane.’

Peskov said Russia’s diplomatic stance would be toughened, and Duma Speaker Vyacheslav Volodin vowed there could be ‘no forgiveness’ for Zelenskyy.

Chell said the story simply does not add up. ‘To attack Putin’s residence, you need long-range, very fast-moving drones,’ he said.

He added that for drones that small to reach such a site, they would have had to be launched from a much closer location, likely inside Russia itself.

‘They would have to be within about 10 kilometers [6.2 miles] — or maybe, at most, 30 kilometers — of Putin’s residence,’ Chell said.

‘That facility where Putin lives would also be incredibly secure, and so to have a number of lower-cost, slower-moving drones coming in on that facility would be very un-Ukrainian,’ Chell said.

‘Ukraine also doesn’t announce when they’re going to show up,’ he added.

Chell also noted that night operations would rule out GPS- or AI-based navigation due to jamming and visibility limits, making the launch of dozens of drones even less plausible.

‘Apparently the thing was at night, so that’s very difficult for machine vision or AI mapping software,’ he said. ‘So, you know, it definitely wasn’t using GPS, because it would have been jammed. There are just a bunch of things that don’t add up.’

Politically, Chell argued, Ukraine has nothing to gain. ‘They’re bold, but right in the middle of peace talks — when they need Trump on side — it makes no sense,’ he said. ‘Ukraine is just politically too smart to have done that.’

Zelenskyy on Monday also called the claim a complete fabrication, accusing Moscow of laying the groundwork for further attacks. 

Lavrov warned of retaliation but said Russia would continue talks with Washington.

Trump also said he learned of the alleged attack directly from Putin and was ‘very angry about it.’ Asked whether there was evidence, Trump replied, ‘We’ll find out.’

Fox News Digital has reached out to the Kremlin for comment.

This post appeared first on FOX NEWS

Protests spread across Iran on Tuesday after President Donald Trump and other administration officials voiced support for demonstrators. Speaking Monday, Trump pointed to Iran’s economic collapse and long-standing public discontent while stopping short of calling for regime change.

Inside Iran, demonstrations entered a third consecutive day, expanding beyond the capital’s commercial center. The exiled opposition coalition National Council of Resistance of Iran (NCRI) reported widespread strikes and student protests across Tehran and multiple provincial cities, describing clashes with security forces and anti-government chants. A video obtained by the NCRI appears to show protesters pushing back security forces, forcing them to leave the scene on Tehran’s Jomhouri Street. 

Iran International reported that universities emerged as major protest hubs, with rallies at Tehran University, Sharif University of Technology, Shahid Beheshti University, Elm-o-Sanat University and Khajeh Nasir University. Security forces tightened entry controls at campuses and reinforced offices linked to Supreme Leader Ali Khamenei.

Strikes spread across Tehran’s Shoush and Molavi districts and into Isfahan’s Naqsh-e Jahan Square, while parts of Tehran’s Grand Bazaar and the gold market shut down. Mobile phone traders gathered outside major shopping centers after closing their stores. Protests turned violent in several locations, with tear gas fired in Tehran and Malard and reports of live fire in Hamadan. Nighttime demonstrations were reported from Qeshm Island in the south to Zanjan and Hamadan in the north, with videos showing chants of ‘death to the dictator.’

Speaking at a press conference at Mar-a-Lago on Monday, Trump said he was ‘not going to talk about overthrow of a regime.’ Instead, he focused on Iran’s deteriorating economy and the state’s violent response to protests. ‘They’ve got tremendous inflation. Their economy is busted, the economy is no good,’ Trump said. 

He said that when Iranians gather to protest, the regime responds with lethal force.

‘Every time they have a riot or somebody forms a group, little or big, they start shooting people,’ Trump said. ‘You know, they kill people. All of a sudden people start getting shot and that group disbanded pretty quickly.’

Trump said he has watched the unrest build for years, describing Iran’s leadership as brutal.

‘I’ve watched this for years — there is tremendous discontent,’ he said. ‘I’ve watched it for years, and vicious, vicious people.’ His remarks came as protests intensified following the collapse of Iran’s currency to historic lows. The rial fell to roughly 1.45 million per U.S. dollar on the open market, triggering strikes and demonstrations centered on Tehran’s Grand Bazaar and spreading to other major cities, according to Iran International’s live reporting. Videos and eyewitness accounts described heavy security deployments, clashes with demonstrators and the use of tear gas as unrest widened.

U.S. Ambassador to the United Nations Mike Waltz issued a direct message of support. ‘The people of Iran want freedom,’ Waltz wrote on X. ‘We stand with Iranians in the streets of Tehran and across the country as they protest a radical regime that has brought them nothing but economic downturn and war.’ 

A parallel statement from the U.S. government’s Persian-language account, @USAbehFarsi, said Washington supports the Iranian people’s efforts ‘to make their voices heard,’ urging the Islamic Republic to respect fundamental rights rather than suppress protests.

Iranian officials acknowledged the unrest but defended the government’s approach. Reuters reported that government spokeswoman Fatemeh Mohajerani said Tehran recognizes protests and that officials would set up a mechanism to engage with protest leaders. Iranian President Masoud Pezeshkian directed his interior minister to address protesters’ ‘legitimate demands’ and engage in dialogue with their representatives.

Independent analysts warned the unrest reflects deeper structural strains. The OSINT research group SpecialEurasia said in an assessment on Tuesday that Iran’s internal stability has reached a ‘critical threshold,’ citing the convergence of currency collapse, renewed international sanctions and chronic water and energy shortages. The group noted that the participation of bazaar merchants, traditionally a pillar of regime support, signals declining confidence in the state’s economic management and raises the risk of prolonged unrest.

NCRI leader Maryam Rajavi said the protests reflect the anger of ‘tens of millions’ driven to the breaking point by inflation, corruption and clerical rule. NCRI’s claims reflect opposition reporting and cannot be independently verified due to restrictions on access inside Iran.

Cameron Khansarinia, vice president of the National Union for Democracy in Iran, said the latest demonstrations underscore a growing shift in public sentiment. ‘Iranians have once again taken to the streets.’ Citing President Donald Trump’s remarks this week, he added that ‘each time they do, the regime tries to crush it,’ but argued that ‘Iranians’ desire to be free is increasingly becoming greater than their fear of the regime.’ Khansarinia claimed that chants in support of Crown Prince Reza Pahlavi have been growing in the protests, saying the protesters showed ‘remarkable bravery.’ 

As protests continue, verification of casualties and arrests remains limited, but the scale and spread of the unrest underscore mounting pressure on Iran’s leadership amid economic free fall and growing public defiance.

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A federal judge ordered the Trump administration to produce documents related to its decision to investigate and bring criminal charges against Salvadoran migrant Kilmar Abrego Garcia while he was detained at a maximum-security prison in El Salvador earlier this year – signaling what is sure to be an action-packed evidentiary hearing in Nashville next month. 

The order, filed by U.S. Judge Waverly Crenshaw earlier this month and released to the public Tuesday afternoon, requires the Justice Department to produce all relevant documents to defense lawyers pertaining to its decision earlier this year to open an investigation and seek criminal charges against Abrego Garcia for conduct stemming from a 2022 traffic stop. 

The Justice Department opened the criminal investigation and presented the case to a grand jury earlier this year, when Abrego Garcia was detained at CECOT, and at the same time as lawyers for the Trump administration officials were telling a separate federal judge in Maryland that they were powerless to bring him back from Salvadoran custody. 

The new order stops short of compelling any government witnesses to testify for next month’s hearing, including testimony from Deputy Attorney General Todd Blanche, whose remarks – for months – have been at the center of the vindictive prosecution effort pursued by Abrego Garcia’s defense team in Tennessee.

Abrego Garcia’s attorneys have argued Blanche played ‘a leading role’ in the decision to prosecute him, a notion Blanche’s office has vehemently dismissed.

They had also honed in on the involvement of Blanche’s associate, Aakash Singh. 

‘The cornerstone of Abrego’s motion to dismiss is that the decision to prosecute him was in retaliation for his success in the Maryland District Court,’ Crenshaw said in the newly unsealed ruling. 

‘Indeed, at the time of Abrego’s arrest, Blanche linked Abrego’s criminal charges to his successful civil lawsuit in Maryland. Specifically, some of the documents suggest not only that McGuire was not a solitary decision-maker, but he, in fact, reported to others in DOJ and the decision to prosecute Abrego may have been a joint decision, with others who may or may not have acted with improper motivation.’ 

U.S. District Judge Waverly Crenshaw had ruled in October that Abrego Garcia had established a ‘reasonable likelihood’ that the criminal case against him was the result of vindictive prosecution by the Justice Department, a determination that shifted the burden to the government to rebut ahead of the criminal trial, and ordered the Trump administration to produce for the court internal documents and government witnesses to testify about its decision to bring the case. 

Lawyers for the Justice Department fiercely resisted efforts to produce government witnesses or documents, arguing that the documents should be protected by attorney-client privilege and work-product privilege, among other things. 

The evidentiary hearing is slated to take place on Jan. 28.

Crenshaw separately canceled the criminal trial date for Abrego Garcia, though the update is likely more a procedural one than a reflection of the status of the case.

Abrego Garcia’s status has been at the center of a legal and political maelstrom for nearly 11 months, after he was arrested and deported to his home country of El Salvador, in violation of a 2019 withholding of removal order. 

This is a breaking news story. Check back for updates.

This post appeared first on FOX NEWS

Saga Metals Corp. (‘TSXV: SAGA,OTC:SAGMF’) (‘FSE: 20H’) (‘SAGA’ or the ‘Company’), a North American exploration company focused on discovering critical minerals, is pleased to announce the results from its follow up field program at the North Wind Iron Ore project in West Central region of Labrador, Canada.

Key Field Program Highlights

  • High-Grade Iron Ore Potential: Iron content (Fe₂O₃) in grab samples from the Sokoman Formation range as high as 84.57% Fe₂O₃, with continuous high grade in the Lower, Middle and Upper Iron stratigraphy’s. Highest grab sample of 2025 returned 79.26 % Fe₂O₃, from the Middle Iron Formation.
  • Magnetite-Rich Ore: Davis Tube separation techniques confirm the presence of magnetite-rich taconite ore, along with the occurrence of hematite, limonite, and goethite. These results are comparable to historical regional resources at the KéMag, Sheps Lake, and Perrault Lake deposits, which boasted strong resource estimates.
  • Extensive Mineralization Zone: Fieldwork identified iron ore mineralization over a 4km NW-SE trend, with indications that the mineralized zone continues southeast. Mapping in the area suggests that the units dip shallowly to the northeast which would make easy drill targets for resource estimation. Surface thickness of the mineralized trend ranges between 600 and 700 meters, underscoring the project’s potential scale.

Figure 1: Regional map of the North Wind Iron Ore Project in Labrador, Canada

SAGA’s North Wind Iron Ore Project: A highly prospective iron ore asset located in the globally recognized, resource-rich Labrador Trough

The North Wind Iron Ore property located 16 kilometers southwest of Schefferville, Quebec, within the prolific Labrador Trough, represents a secondary but high-potential critical mineral asset within Saga Metals’ portfolio. The Labrador Trough, an extensive 1,100-kilometer suite of Proterozoic rocks, is renowned for hosting world-class iron ore deposits and is a major hub for iron ore exploration.

In February of 2025, Cyclone Metals Limited announced that it signed a binding commercial agreement with Vale S.A. regarding the joint development of its Iron Bear iron ore project. (See Figure 1 above for project location). Under the terms of the agreement, Vale has the right to provide up to USD $138 million of funding to the Iron Bear Project in two Phases and earn 75% of the project. If Vale elects to proceed to Decision to Mine (DTM), Vale can elect to acquire the remaining 25% of the Iron Bear project at fair market value or carry Cyclone to production with no dilution.

SAGA’s North Wind property spans 6,375 hectares across 255 claim blocks under a single license. Its geological framework holds significant potential, reinforced by a portion of a historical resource estimate (NI 43-101 compliant) completed in 2013 by New Millennium Iron. This estimate included two key types of iron ore commonly found in the Labrador Trough:

  • Soft iron ores: Composed of fine-grained secondary iron oxides, including hematite, goethite, and limonite.
  • Taconites: Fine-grained, weakly metamorphosed iron formations with above-average magnetite content.

Historical exploration at North Wind includes data from eight drill holes, drilled by New Millenium in 2013, which averaged 20.74% Total Fe (iron) content over 590 meters drilled. Notably, the Lower Red Green Chert (LRGC), a key stratigraphic unit within the property, returned an average grade of 24.76% Fe across 277 meters drilled and was intercepted in all eight holes. This LRGC unit forms part of the Sokoman Formation’s ‘Lower Iron Formation,’ a high-priority target confirmed by both New Millennium Iron and SAGA’s exploration team.

Figure 2: Saga Metals Mapping the North Wind Property in October of 2025

North Wind Iron Ore Field Program 2025

As part of routine claims maintenance, Saga Metals conducted a short field program at the North Wind Iron Ore property in the Autumn of 2025. In total, 38 rock samples were collected within the target area, all being grab samples, across all units, with the main focus on the Middle and Lower iron formations. Of those 38 Grab samples, 17 of them were above 30% with the highest sampling coming from the Middle Iron Formation with 79.26% Fe₂O₃.

The program focused on mapping, prospecting, and rock sampling, targeting the northern and central areas of the property for follow up and drill hole verification, and the south first pass evaluation.

The Sokoman Formation, a high-priority target for Saga Metals, forms the core focus of exploration. This formation is subdivided into three stratigraphic members based on iron content (Fe₂O₃) seen below with the 2025 Top 18 samples:

  • Upper Iron Member: 37%–70.42% Fe₂O₃
  • Middle Iron Member: 36 %–79.26% Fe₂O₃
  • Lower Iron Member: 32.97 %–66.75% Fe₂O₃

The highest sample collected during the program (Sample ID: 1800354) returned 79.26 % Fe₂O₃, originating from the middle Iron members of the Sokoman Formation. These middle and lower members of the Sokoman Formation are particularly prospective, offering the most favorable grades based on iron content.

To further evaluate the potential of these units, SAGA employed Davis Tube Magnetic Separation techniques (as seen below in Table 1). This analytical method effectively separates magnetic (magnetite) and non-magnetic fractions (hematite, limonite, goethite and gangue minerals), providing a robust measurement of magnetite content. Results from these tests indicate that the magnetic fraction compares favorably to grades from nearby historical deposits, including the KéMag, Sheps Lake, and Perrault Lake deposits along the same geological trend. These regional deposits have reported 20%–34% Davis Tube Weight Recovery (DTWR) in historical NI 43-101 mineral resource estimates. *Past results or discoveries of resources on adjacent or nearby properties may not necessarily be indicative of the presence of significant mineralization on the Company’s property.

The 2025 work program confirmed the continued definition of the prospective Middle and Lower Iron members of the Sokoman Formation. Detailed structural mapping has shown the shallow dip of these formations to the northeast which the team has recognised is a great opportunity to expand on the New Millennium resource in the future by defining the grade continuity under cover of the Menhek formation and the less mineralised Upper Iron formation. New Millennium’s drilling in 2012 concentrated on the narrow strip in the middle where these formations were exposed on the surface.

Michael Garagan, CGO & Director of Saga Metals Corp. stated: ‘These findings, including the identified shallowly dipping mineralization to the east, reaffirm the North Wind Iron Ore Project’s potential to become a significant iron ore asset. With iron ore playing a critical role in the steelmaking process and increasing demand driven by infrastructure and renewable energy developments, Saga Metals sees considerable growth potential for the projects value and positions it as a promising contributor to SAGA’s portfolio of critical mineral assets.’

Results of the 2025 Field Program:

Figure 3: Interpreted cross-section from West to East Across the Northwind Property. Shows shallowly dipping iron formations to the east.

Figure 4: Sample location map of 2024-2025 Rock Samples showing total iron grade overlying a geological map of the area.

Figure 5: Sample 800354: Strongly magnetic sample of ‘banded magnetite and red chert, predominately massive magnetite (~2cm diameter) with goethite’ 48.05 Fe2O3(T) % (FUS-ICP)

Sample_ID Formation Fe2O3(T) (%) FUS-ICP LOI (%) GRAV Magnetic Fraction (g) DT Non-Mag Fraction (g) DT Calculated Start Mass (g) DT
1800309 Middle Iron Formation 79.26 -0.94 17.39 12.658 30.048
1800352 Upper Iron Formation 70.42 5.57 11.024 18.962 29.986
1800371 Lower Iron Formation 66.75 -0.86 16.648 13.22 29.868
1800353 Middle Iron Formation 60.01 2.51 0.486 29.513 29.999
1800307 Lower Iron Formation 48.91 5.41 0.007 29.955 29.962
1800354 Lower Iron Formation 48.05 2.32 0.102 29.879 29.981
1800312 Upper Iron Formation 43.62 23.43 0.008 29.961 29.969
1800311 Middle Iron Formation 40.41 -0.18 8.45 21.5 29.95
1800303 Upper Iron Formation 39.77 0.89 9.876 20.13 30.006
1800365 Middle Iron Formation 39.69 3.54 0.054 29.974 30.028
1800357 Lower Iron Formation 39.57 4.27 5.213 24.873 30.086
1800310 Middle Iron Formation 38.15 -0.15 8.389 21.59 29.979
1800305 Lower Iron Formation 38.07 4.72 0.012 30.004 30.016
1800366 Upper Iron Formation 37.38 12.54 0.025 29.926 29.951
1800369 Middle Iron Formation 36.88 -0.56 9.826 20.124 29.95
1800304 Lower Iron Formation 33.74 1.12 6.402 23.584 29.986
1800306 Lower Iron Formation 32.97 3.48 0.018 29.802 29.82
             

Table 1: Results from all samples over 30% Fe₂O₃ including the Davis Tube Separation Analysis

Corporate Update

The Company further reports that it entered into a digital marketing services agreement dated December 29, 2025 (the ‘Marketing Agreement‘) with Machai Capital Inc. (‘Machai‘). Pursuant to the Marketing Agreement, Machai will, among other things, provide the Company with certain marketing services to expand investor awareness of the Company’s business and to communicate with the investment community (the ‘Machai Services‘).

The Machai Services will include, among other things: (i) branding, content and data optimization to assist the Company to create in-depth marketing campaigns, and (ii) tracking, organizing and executing the Machai Services through search engine optimization, search engine marketing, lead generation, digital marketing, social media marketing, email marketing, and brand marketing. In consideration of the Machai Services, and pursuant to the terms and conditions of the Marketing Agreement, the Company has agreed to pay Machai a fee of C$400,000 (plus applicable taxes) over a 120-day term, which will be paid using the Company’s available working capital. This agreement may be terminated at any time, with mutual consent of both parties

The Machai Services will be rendered primarily online through a variety of news and investment community communications channels. Suneal Sandhu, the President of Machai – located at 101 – 17565 – 58 Avenue, Surrey, BC, V3S 4E3 – will be involved in conducting the Machai Services. Machai and Mr. Sandhu do not have any interest, directly or indirectly, in the Company or its securities, or any right or intent to acquire such an interest.

The terms and conditions of the Marketing Agreement remain subject to approval of the TSX Venture Exchange.

Qualified Person

Peter Webster, P. Geo., of Mercator Geological Services is a professional geologist registered with the Professional Engineers and Geoscientist of Newfoundland and Labrador, is an Independent Qualified Person as defined under National Instrument 43-101 and has reviewed and approved the technical information disclosed in this news release.

References:

Balakrishnan, T. (2013). Supplementary assessment report, national instrument 43-101 technical report, resource estimation of Sheps Lake and Perault Lake properties. Prepared for New Millenium Iron Corporation. Newfoundland and Labrador Mineral Lands Division Report, Assessment File 023J/0394.

Géostat, (2007). Technical Report, estimation of the mineral resources of the KeMag iron ore deposit. Énergies et resources naturelles Québecs, GM 64046.

Neal, HE., Watts, Griffis. (2001) Iron deposits of the labrador trough. Explore mining geol. Vol.9, No.2, pp 113-121, 2000.

Cyclone Metals and Vale sign joint development agreement

About Saga Metals Corp.

Saga Metals Corp. is a North American mining company focused on the exploration and discovery of a diversified suite of critical minerals that support the North American transition to supply security. The Radar Titanium Project comprises 24,175 hectares and entirely encloses the Dykes River intrusive complex, mapped at 160 km² on the surface near Cartwright, Labrador. Exploration to date, including a 2,200m drill program, has confirmed a large and mineralized layered mafic intrusion hosting vanadiferous titanomagnetite (VTM) with strong grades of titanium and vanadium.

The Double Mer Uranium Project, also in Labrador, covers 25,600 hectares and features uranium radiometrics that highlight an 18km east-west trend, with a confirmed 14km section producing samples as high as 0.428% U3O8. Uranium uranophane was identified in several areas of highest radiometric response (2024 Double Mer Technical Report).

Additionally, SAGA owns the Legacy Lithium Property in Quebec’s Eeyou Istchee James Bay region. This project, developed in partnership with Rio Tinto, has been expanded through the acquisition of the Amirault Lithium Project. Together, these properties cover 65,849 hectares and share significant geological continuity with other major players in the area, including Rio Tinto, Winsome Resources, Azimut Exploration, and Loyal Metals.

With a portfolio spanning key commodities critical to the clean energy future, SAGA is strategically positioned to play an essential role in critical mineral security.

On Behalf of the Board of Directors

Mike Stier, Chief Executive Officer

For more information, contact:

Rob Guzman, Investor Relations
Saga Metals Corp.
Tel: +1 (844) 724-2638
Email: rob@sagametals.com
www.sagametals.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 release.

Cautionary Disclaimer
This news release contains forward-looking statements within the meaning of applicable securities laws that are not historical facts. Forward-looking statements are often identified by terms such as ‘will’, ‘may’, ‘should’, ‘anticipates’, ‘expects’, ‘believes’, and similar expressions or the negative of these words or other comparable terminology. All statements other than statements of historical fact, included in this release are forward-looking statements that involve risks and uncertainties. In particular, this news release contains forward-looking information pertaining to the Company’s North Wind Project and other corporate initiatives, including market awareness contracts. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, environmental risks, limitations on insurance coverage, inherent risks and uncertainties involved in the mineral exploration and development industry, particularly given the early-stage nature of the Company’s assets, and the risks detailed in the Company’s continuous disclosure filings with securities regulations from time to time, available under its SEDAR+ profile at www.sedarplus.ca. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements only as expressly required by applicable law.

News Provided by GlobeNewswire via QuoteMedia

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