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The government shutdown meandered into its 22nd day with no end in sight after a 12th GOP attempt to reopen the government was stalled and then blocked by Senate Democrats on Wednesday afternoon.

Senate Minority Leader Chuck Schumer, D-N.Y., and his caucus kneecapped Republicans’ bid to reopen the government for the 12th time in a 54-46 vote where Republicans needed at least 60 votes to advance the measure. The latest failed vote comes as Schumer has demanded another meeting with President Donald Trump and on the heels of an almost 24-hour filibuster by Sen. Jeff Merkley, D-Ore, that pushed the vote late into Wednesday.

During his marathon floor speech, which began at 6:23 pm on Tuesday, Merkley spoke on authoritarianism — what he called the Trump Administration’s overreach on immigration, separation of powers, and more.

‘Republicans have shut down the government to continue the strategy of slashing Americans’ healthcare,’ Merkley said, referring to the healthcare-centered debate holding up consideration of the government’s funding.

He concluded his remarks at 5:00 p.m. on Wednesday.

Little has changed in the upper chamber since the shutdown began. Schumer and the Senate Democratic caucus demand that there be a real, ironclad deal to extend expiring Obamacare subsidies, while Senate Republicans remain adamant that there is no path forward available on the matter until the government is reopened.

But what is old is new in a repeating cycle, and Schumer wants to meet with Trump again.

Schumer, speaking on behalf of House Minority Leader Hakeem Jeffries, D-N.Y., requested another meeting with Trump ahead of the vote in a bid to go around Senate Majority Leader John Thune, R-S.D., and congressional Republicans to secure a deal.

There have been informal talks — more casual conversation than true negotiation — between Republicans and Democrats, but nothing has materialized that puts lawmakers any closer to solving the ongoing stalemate.

‘Hakeem and I reached out to the president today and urged him to sit down and negotiate with us to resolve the healthcare crisis, address it and end the Trump shutdown,’ Schumer said. ‘He should sit — the things get worse every day for the American people. He should sit down with us, negotiate in a serious way before he goes away.’

The last time the top congressional Democrats met with Trump came just a day before the climactic vote to avert a shutdown. Neither side walked away with a compromise, or agreement, to keep the lights on.

Fast-forward to the shutdown’s fourth week, and Trump signaled he’d speak with Schumer and Jeffries — only after the government is reopened.

‘The government has to be open,’ he said. ‘You know how long it will take for them to do that? Just say, ‘OK, government is open.’ That’s it. There is nothing — They’re not negotiating.’  

‘What they’re doing is saying they lost the negotiation,’ Trump continued. ‘And when we got the great ‘big beautiful [bill]’ done, they lost the negotiation. Now they’re saying, ‘Well, we want to get some of the things we lost.’ But the problem is the things they lost are very bad for our country.’

Congressional Democrats’ initial demands, made in a counter-proposal to the House-passed continuing resolution (CR), called for a permanent extension to the enhanced Obamacare premium tax credits and guardrails on Trump’s ability to claw back congressionally approved funding, among other things.

A White House official doubled down on Trump’s position and told Fox News Digital, ‘We will not have policy conversations while the Democrats are holding the American people hostage. Reopen the government.’

While Democrats desire more than just an extension to the COVID-19-era subsidy, they’ve made their primary argument all about the tax credits.

Thune offered Senate Democrats a vote on the subsidies, but so far they have declined to take the leap and instead are holding out for a guaranteed outcome in the shutdown fight. However, that is unlikely to come as Republicans and the White House, so far, are equally dug in against Schumer’s demands.

‘I think [Trump] wants the Democrats to take ‘yes’ for an answer,’ Thune said. ‘We’ve offered them a lot of the things they were asking for — a normal appropriations process, an opportunity to get a vote on some of the things that they want to see voted on, with respect to the expiring Obamacare enhanced subsidies. But that can’t happen until we open up the government.’

This post appeared first on FOX NEWS

President Donald Trump met with NATO Secretary-General Mark Rutte Wednesday — days after Ukrainian President Volodymyr Zelenskyy visited the White House andafter calling off a meeting with Russian President Vladimir Putin.

‘We canceled the meeting with President Putin,’ Trump told reporters in the Oval Office with Rutte Wednesday. ‘It just it didn’t feel right to me. It didn’t feel like we were going to get to the place we have to get. So I canceled it. But we’ll do it in the future.’ 

Trump also shed insight into why he isn’t interested in arming Ukraine with Tomahawk missiles, after indicating earlier in October he might do so. 

‘There is a tremendous learning curve with the Tomahawk. It’s a very powerful weapon, very accurate weapon,’ Trump said. ‘And maybe that’s what makes it so complex. But it will take a year. It takes a year of intense training to learn how to use it, and we know how to use it. And we’re not going to be teaching other people. It will be just too far out into the future.’ 

Rutte said he visited the White House to discuss ways to end the war, although he said ‘no peace plan is on the table.’ 

‘That’s why I’m here — to dialog again with the president … how NATO, my colleagues and other colleagues in NATO can be of maximum support to get that,’ Rutte said. 

NATO announced Tuesday that Rutte would visit Washington Wednesday, as Trump has said he wants to direct his focus on ending the conflict between Russia and Ukraine following the ceasefire deal in the Middle East. 

Ahead of his arrival at the White House, Rutte said that Wednesday’s White House visit aimed to build on the momentum after securing the peace agreement in the Middle East. 

‘I was texting with the president after an enormous success in Gaza, and we said, ‘Hey, let’s have a meeting in Washington to discuss how we now can deliver his vision of peace in Ukraine,’’ Rutte told reporters on Capitol Hill Wednesday after meeting with lawmakers, according to The New York Times.

‘I have total confidence in President Trump. He’s the only one who can get this done,’ Rutte said. 

Rutte has visited the White House on several occasions during Trump’s second term, including in July and also in August after Trump’s Alaska summit with Putin. NATO has backed Ukraine since Russia first invaded, and has provided Kyiv with military equipment and other assistance since 2022. 

In August, Rutte and other European leaders joined Zelenskyy in an effort to advance peace talks to end the war in Ukraine. At the time, Trump said that European nations would shoulder the bulk of the burden by providing Ukraine with security guarantees in an attempt to deter future aggression from Russia. 

As part of these security guarantees, Ukraine has sought to become a member of NATO during the peace negotiations. However, Trump has routinely ruled that out as a possibility. 

Meanwhile, Russia’s list of demands has historically included prohibiting Ukraine from ever joining NATO, and concessions on some land that previously belonged to Kyiv. 

Additionally, Rutte’s meeting comes after Trump appeared to throw cold water on any hopes that the U.S. would arm Ukraine with Tomahawk missiles, like Trump had said he was considering doing days ahead of Zelenskyy’s visit. 

‘I would much rather have them not need Tomahawks,’ Trump told reporters Friday. ‘I would much rather have the war be over to be honest, because we’re in it to get the war over.’ 

Additionally, Trump changed his tune on whether Ukraine would need to cede territory it had lost to Russia as part of a peace deal. Although Trump altered his position in September and said that Ukraine could secure back its lost territory, Trump reverted to his previously held position on the matter. 

‘They can negotiate something later on down the line,’ Trump told reporters Sunday. ‘But I said cut and stop at the battle line. Go home. Stop fighting, stop killing people.’

The change in tone came after Trump spoke with Putin Thursday and the two were originally slated to meet this month in Budapest. However, plans for the meeting were scrapped after Secretary of State Marco Rubio’s call with Russian Foreign Minister Sergey Lavrov. 

‘Secretary Rubio and Foreign Minister Lavrov had a productive call,’ a senior official said in a statement Tuesday to Fox News. ‘Therefore an additional in-person meeting between the Secretary and Foreign Minister is not necessary and there are no plans for President Trump to meet with President Putin in the near future.’ 

Meanwhile, Trump has recently cast doubt on whether Ukraine can defeat Russia. 

‘They could still win it. I don’t think they will, but they could still win it,’ Trump told reporters Monday. 

Fox News’ Gillian Turner and The Associated Press contributed to this report. 

This post appeared first on FOX NEWS

Over a decade ago, Sen. Ted Cruz, R-Texas, predicted that healthcare premiums would skyrocket, even in the face of subsidies put into effect under Obamacare that were meant to bring them down. 

Today, the ballooning of those premiums and their accompanying subsidies are at the center of the 22-day shutdown that looks poised to get longer still.

‘Despite Obamacare subsidies, many Americans will still be paying higher premiums in 2014 as a result of Obamacare,’ Cruz said in 2013, referring to the Affordable Care Act (ACA).

In his 2013 floor speech, Cruz pointed to research from Avik Roy, a healthcare researcher who, at the time, was a senior fellow at the Manhattan Institute. Roy’s research made the case that subsidies passed by the Obama administration would do little to stop government-backed healthcare plans from growing more expensive over time or competing effectively with non-government-backed plans. 

But even those forecasts have paled in comparison to the costs of the government’s emergency response to the COVID-19 pandemic.

The subsidies under Obamacare have vastly expanded in recent years. An emergency provision included in President Joe Biden’s 2021 American Rescue Plan widened the range of eligible applicants as a response to the global pandemic. 

Now that those COVID-era provisions are set to sunset at the end of 2025, an expiration date set by Democrats themselves, Democrats are voicing alarm that Obamacare policyholders will have to shoulder the costs of health insurance without the enhanced supplemental aid. 

According to the Committee for a Responsible Federal Budget, a nonpartisan think tank that focuses on fiscal policy, continuing the expanded credits could cost upwards of $30 billion annually. Findings by KFF, a healthcare policy group, say that over 90% of the 24 million Obamacare enrollees make use of the enhanced credits.

KFF analysis indicates that the enhanced premium tax credits saved subsidized enrollees an average of $705 last year. 

Democrats in Congress, led by House Minority Leader Hakeem Jeffries, D-N.Y., and Senate Minority Leader Chuck Schumer, D-N.Y., have demanded some sort of extension to the already expanded COVID-era subsidies as a condition for passing spending legislation to end the current government shutdown, which is now the longest full shutdown in history.

Republicans, who maintain that the subsidies are completely unrelated to government funding considerations, have said lawmakers will address the subsidies when the government is open again.

The most conservative members in Congress have said cutting back on the subsidies is key to returning the government to pre-COVID levels of funding.

Lawmakers in the Senate have voted 11 times on a short-term spending extension meant to keep the government open through Nov. 21 but have so far failed to move past the gridlock over the enhanced premium tax credits.

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

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Front-runners for New York City mayor, Zohran Mamdani and Andrew Cuomo, wasted little time attacking each other on alleged personal scandals they have been involved in during a Wednesday night debate between the pair and GOP candidate Curtis Sliwa.  

Mamdani and Sliwa took the opportunity during Wednesday’s debate to drill down on past sexual harassment allegations against Cuomo, the former governor of New York, ahead of an impeachment inquiry that preceded Cuomo’s 2021 resignation. Cuomo was also hit by Mamdani over accusations he has – while in public office – failed to meet with Muslim constituents and only began doing so amid pressure from his mayoral campaign, and over his alleged poor handling of the COVID-19 virus in New York after Cuomo was party to issuing guidance forcing nursing homes and long-term care facilities to admit COVID-19 positive patients.

Meanwhile, Cuomo did not hold back on targeting Mamdani over alleged controversies that have embattled his campaign. Cuomo blasted the self-proclaimed socialist over his lack of experience, ties to radical politics, and past radical comments about law enforcement, Israel and the situation in Gaza.

‘My main opponent has no new ideas. He has no new plan. … He’s never run anything, managed anything. He’s never had a real job,’ Cuomo said of Mamdani during the debate. Cuomo also branded Mamdani as someone who has proven to be ‘a divisive force in New York,’ pointing to past incidents that have garnered Mamdani heat from critics. 

One of those incidents included a picture he took with a hard-lined Ugandan lawmaker who has pushed policies of imprisoning people for being gay, which Mamdani took while taking a break from the campaign trail to visit his home country of Uganda for a wedding. Cuomo also hit the controversy over whether Mamdani supports Jewish New Yorkers, as his critics have claimed he is anti-Israel pointing to statements he has made, like ‘globalize the intifada.’ 

Cuomo also accused Mamdani of disrespecting Italian-Americans after a video of him surfaced giving the middle finger to a statue of Christopher Columbus, while also pointing to criticism the self-proclaimed socialist candidate has garnered from 9/11 first-responders after posting a photo with a Muslim cleric who served as a character witness for the mastermind behind the September 11, 2001 attacks. 

‘You have been a divisive force in New York, and I believe that’s toxic energy for New York. It’s with the Jewish community. It’s with the Italian-American community – when you give the Columbus statue the finger. It’s with the Sunni Muslims when you say decriminalize prostitution, which is Haram. It’s the Hindus,’ Cuomo continued. ‘Then, you take a picture with Rebecca Kadaga, deputy Prime Minister of Uganda. … She’s known as Rebecca ‘Gay Killer.’ … You’re a citizen of Uganda. You took the picture. You said you didn’t know who she was. It turns out you did. How do you not renounce your citizenship or demand BDS against Uganda for imprisoning people who are gay just by their sexual orientation? Isn’t that a basic violation of human rights?’

Mamdani shot back that his politics have remained ‘consistent’ and that they are built on a belief in human rights for all people, including LGBTQ+ folks. Had he known Kadga’s role in drafting legislation to imprison gay folks, Mamdani said, he never would have taken the picture. 

‘This constant attempt to smear and slander me is an attempt to also distract from the fact that, unlike myself, you do not actually have a platform or a set of policies,’ Mamdani shot back at Cuomo before introducing his own claims about the former governor regarding past accusations of sexual harassment.

‘Mr. Cuomo. In 2021, 13 different women who worked in your administration credibly accused you of sexual harassment. Since then, you have spent more than $20 million in taxpayer funds to defend yourself, all while describing these allegations as entirely political,’ Mamdani said while attacking Cuomo Wednesday night. 

‘You have even gone so far as to legally go after these women. One of those women, Charlotte Bennett, is here in the audience this evening. You sought to access her private gynecological records. She cannot speak up for herself because you lodged a defamation case against her. I, however, can speak. What do you say to the 13 women that you sexually harassed?’ 

Cuomo, in 2021, was accused of multiple incidents of sexual harassment that preceded his resignation as governor that year. A subsequent report from New York Attorney General Letitia James confirmed Cuomo ‘sexually harassed multiple women from 2013 through 2020,’ while in January 2024, the U.S. Department of Justice announced it had reached a nearly $500,000 settlement with Cuomo’s executive office over one of the claims. However, no criminal charges were ever filed against Cuomo, with some district attorneys citing insufficient evidence.

Cuomo defended himself against Mamdani’s accusations, noting the cases were eventually dropped, before returning to questions about Mamdani’s alleged past. 

Meanwhile, Sliwa didn’t skip an opportunity to slam Cuomo over the sexual assault allegations either, saying early in the debate during a discussion about homelessness that Cuomo ‘fled’ the governor’s office amid an impeachment inquiry that was investigating him.

‘Andrew, you didn’t ‘leave.’ You fled from being impeached by the Democrats in the state legislature,’ Sliwa began before getting into the homelessness issue, earning him a round-of-applause from the audience. 

”Leave?’ You fled!’ Sliwa continued to applause. ‘But let’s get back on topic.’ 

This post appeared first on FOX NEWS

In today’s political environment, it is hard to envision important issues where Republicans and Democrats can find common ground. Protecting the safety and security of citizens from the Chinese Communist Party (CCP) is hopefully still that issue. 

In recent years, we have seen growing agreement among lawmakers that the CCP is actively working against the security of the U.S. Whether through coercive trade practices, espionage, military aggression or technology theft, the CCP is intent on undermining American strength. 

President Donald Trump has rightly identified our nation’s increased dependence on Chinese companies as a clear threat to national security. In response, he has taken action to rebuild our domestic industrial manufacturing bases. This is especially true in critical security industries like defense, nuclear development, pharmaceutical manufacturing and data center infrastructure. 

The Trump administration should now look at medical devices. This lesser-known threat to American privacy and security lurks within our hospitals, health care facilities and even in the homes of everyday Americans. Used to treat patients, monitor patient health and inform medical decisions made by health care professionals, medical devices are critical tools used in the everyday care of our most vulnerable members of society. 

It is no wonder, then, that medical devices made by Chinese companies not only have the potential to take advantage of that intimate access, but have already been shown to exploit those vulnerabilities to gain access to the personal, private data of American patients.

Just this month, it was reported that medical hardware from Shanghai-based United Imaging has been installed in some of the country’s top research labs. In some instances, these labs were even funded by the National Institutes of Health (NIH). Not only has United Imaging worked alongside the Chinese military and the state-run Chinese Academy of Sciences, according to the FBI, the company has also bribed employees working at an NIH-funded lab to backchannel non-public information about their research to United Imaging and the Chinese Academy of Sciences. 

Earlier this year, the Food and Drug Administration (FDA) issued a warning about a patient monitor made by Chinese-based company Contec, specifically calling attention to a software backdoor on the device that once connected to the internet ‘begins gathering patient data, including personally identifiable information (PII) and protected health information (PHI), and exfiltrating (withdrawing) the data outside of the health care delivery environment.’ 

The Department of Homeland Security’s Cybersecurity and Infrastructure Security Agency (CISA) followed up with its own report, saying that the backdoor enabled remote actors to engage in ‘remote code execution and device modification with the ability to alter its configuration.’

Far from being an idle threat, CISA explained that this vulnerability in a machine that monitors and displays critical information like electrocardiograms and blood pressure could result in life-or-death consequences: ‘This introduces risk to patient safety as a malfunctioning monitor could lead to improper responses to vital signs displayed by the device.’

Medical devices made by Chinese companies have quietly made their way into many hospitals and clinics in the United States, bringing with them hidden risks that are waiting to be abused by the CCP. 

First, patient privacy is compromised when unknown actors can access and siphon the most sensitive and confidential data from every patient in America, undermining the very foundation of trust in our health care system. 

Compounded with the fact that Chinese law compels Chinese companies to cooperate and share information with the CCP and that China prizes big data and is gathering information on individuals around the world, we can be assured that whatever private information is gathered on American patients is not in our national interest.

Second, we cannot trust that information siphoning will not escalate to more serious tactics that put patient lives at risk. Remote access to medical devices could result in real-world harm to patients if those devices were reconfigured to display false information that then led to unnecessary and harmful medical interventions. 

Third, the U.S. healthcare system is becoming too dependent on Chinese companies to run our hospitals. It does not take much of a leap to think about what would happen if the CCP decided to cut off the supply of medical devices. Just like critical minerals, energy or military equipment, depending on Chinese companies for medical devices is a clear threat to American security.

What these threats amount to is that the U.S. can no longer blindly outsource medical devices – some of our most vital and sensitive equipment – to companies that operate at the behest of foreign adversarial governments like the CCP. It is critical that America has a domestic supply chain of medical devices. 

Now is the time that lawmakers, both at the federal and state level, take this threat seriously and take meaningful steps to reduce the risks posed by these medical devices. 

Protecting Americans from threats to their health and security should be an easy, bipartisan win.

This post appeared first on FOX NEWS

There’s a big play happening up in PNG with a potentially huge prize and the $9m ASX listed Augustus Minerals is in the thick of it. After years of dispute, court cases and controversy, the gold-rich Mt Kare project, that sits about 600kms north-west of Port Moresby, is about to be awarded to someone by the Papua New Guinea Government’s Mineral Resources Authority, or “MRA”.

The project has a long and arduous history that reads like a bit of a soap opera.

Originally discovered by CRA, now Rio Tinto, a million ounces of alluvial gold was rumoured to have been pulled out of it just via illegal mining in the late eighties and early nineties.

For the next two decades it was explored with great success by multiple parties, however historic landowner issues forced its owner into administration in 2008 when the project was subsequently awarded to PNG local company Summit.

Fast forward to 2011 and Summit was taken out by ASX listed company Indochine.

By 2015 some $125m had been spent on the ground and at that time, Indochine set tongues wagging at the Diggers and Dealers conference in Kalgoorlie when it revealed the stellar resource at the project. That resource was 42.5m tonnes going 1.54 g/t gold and 13.5 g/t silver for a whopping 2.11m ounces of gold and a further 18.4m ounces of silver. Put a little differently, Indochine said at the time it was sitting on 2.45m gold equivalent ounces at Mt Kare and there is no evidence that any of that has been mined to this day.

By early 2015, Indochine was in some financial troubles that were exacerbated when the PNG Government refused to renew its leases for Mt Kare towards the end of that year. Indochine sought a court ruling to overturn that decision in 2018, lost that battle and saddled up again for an appeal which was thrown out again in 2021.

That final court resolution attracted applications from a flood of hopefuls, all seeking to land the grand prize of the Mt Kare leases. Since then, the PNG MRA has been working its way through them, looking for a party with both money and mining expertise to hand it to.

It is dealing with each application in the order in which it was lodged and has already summarily dismissed the first in line. It is now onto hopeful No 2, a private company by the name of Tribune Mt Kare Gold Ltd.

‘If we’re successful in securing this ground, it would position Augustus at the doorstep of world-class geology…’
Augustus Minerals CEO James Warren

If Tribune can’t meet the high money and expertise bar being set by the MRA, ASX listed Augustus Minerals, run by Perth mining man Brian Rodan and James Warren – who has a PHD in Geology no less – is next in line for the 2.45m ounce gold equivalent prize – and that’s where things start to get interesting.

Rodan might as well have a mining tattoo stamped on his forehead. He was one of a handful of people who originally set up massive mining contractor Eltin Mining many years ago. Eltin, which was domiciled in Kalgoorlie, ruled the Australian mining scene for decades around the late 1990’s early 2000’s. Rodan then went on to build large mining contractor ACM which he subsequently sold for tens of millions of dollars.

Since that time he has founded, invested in and still continues to control multiple ASX-listed exploration companies. He has been the driving force behind capital raises for all of them totalling in the many millions of dollars over time.

Curiously, Rodan – who has been in the mining game for half a century – has some form at Mt Kare. He was the managing director of mining contractor ACM PNG when it was awarded a contract back in 2012 to do the stage 1 underground drilling and mine development at the project. For various reasons that contract never went ahead and to this day the project remains unmined, however at the time Rodan provided his expertise to create the mine design and he worked out what equipment was necessary to mine it and even mobilised that equipment to site. So unlike some of the other hopefuls shaking their tail feathers at PNG’s MRA, Rodan has been down and dirty with this project before.

By any measure Mt Kare sits in the land of the giants. It is about 15 kilometres southwest of Barrick’s world-class Porgera mine, which boasts a massive endowment of over 32 million ounces of gold. Further north again is the revered Ok Tedi with its 16m ounces of gold and 11 billion pounds of copper. To the south-east of Mt Kare is Newmont/Harmony’s crazy Wafi Golpu site, host to 22 billion pounds of copper and 23m ounces of gold.

Geologically Mt Kare is an Alkalic Epithermal deposit. Alkalic type deposits are a subset of low-sulphidation epithermal deposits and form some of the mega mineral deposits around the world. Their drill results are like eye-candy to a geologist and Mt Kare is no exception. In the past, Mt Kare has thrown up coffee-spitting drill hits like 111m at 9.8 grams per tonne gold from just 4m and 17.7m at 100 g/t gold from 59m – or maybe try 20m at 443 grams per tonne gold for size! Those sort of numbers would have the West Perth mining glitterati leaping out of bed every day.

Augustus Minerals CEO James Warren said recently; “If we’re successful in securing this ground, it would position Augustus at the doorstep of world-class geology and give shareholders exposure to a project with genuine scale potential.”

For now however, Augustus’ official language on Mt Kare remains measured, as it should. “Quietly confident” is about as strong as it gets.

And while the PNG story provides the blue-sky narrative, Augustus is far from idle on home soil. The company is already advancing on multiple fronts across its West Australian portfolio, most notably the Music Well gold project which sits about 35 kilometres north of Leonora where early fieldwork has delivered results strong enough to lift eyebrows across the gold belt.

The company has completed more than a thousand surface-geochemistry samples and unearthed visible gold in quartz veins grading as high as two ounces to the tonne from the St Patricks prospect.

The maiden drill program will test undercover extensions at the Clifton East, Dodd’s, St Patricks and Black Cat prospects, all of which Augustus has ranked as high-priority greenfield targets.

Providing another string to the bow, the company also retains the Ti-Tree Project in the Gascoyne region of WA – a 1,700-square-kilometre package prospective for copper, gold, lithium, uranium and rare earths. While not the current focus, the Gascoyne ground adds a critical-minerals dimension that could gain traction as the company’s gold projects mature.

For now though, the big blue sky for Augustus comes in the form of Mt Kare. The PNG Government is looking for someone that has mining expertise and the ability to raise money to run it and whilst the credentials of the first hopeful in line, little known private company Tribune, are uncertain, Augustus has plenty of both.

And who knows, maybe no 1 and no 2 will join forces. Augustus could bring its public listing, money raising ability and mining expertise to the table and Tribune could bring its No 1 ticket holder status. And with 2.45m ounces of gold equivalent already discovered, it looks like there’s going to be plenty to go around.

Click here for the full Press Release

This post appeared first on investingnews.com

Apollo Silver Corp. (‘ Apollo Silver ‘ or the ‘ Company ‘) (TSX.V:APGO, OTCQB:APGOF, Frankfurt:6ZF0) is pleased to announce the Company has closed the first tranche, representing the majority of its previously announced upsized non-brokered private placement (the ‘Upsized Offering’), raising gross proceeds of $25,134,145 through the issuance of 6,981,707 units (the ‘Units’) of the Company at a price of $3.60 per Unit. The Upsized Offering totals $26,775,648, with the final tranche of 455,973 Units for gross proceeds of $1,641,503 expected to close in the coming days.

Each Unit issued pursuant to the Upsized Offering consists of one common share (a ‘Share’) in the capital of the Company and one common Share purchase warrant (a ‘Warrant’). Each Warrant entitles the holder thereof to purchase one Share at an exercise price of $5.50 for 24 months from the closing date of the Offering. The Warrants will be subject to an acceleration provision, such that if at any time after the date that is four months and one day after the closing, the Company’s Shares trade on the TSX Venture Exchange (the ‘TSXV’) at a closing price of $7.50 or greater per Share for a period of ten (10) consecutive trading days, the Company may accelerate the expiry of the Warrants by giving notice to the holders thereof and, in such case, the Warrant will expire on the thirtieth (30th) day after the date of such notice (the ‘Acceleration Provision’)

In connection with subscriptions received in the first tranche of the Upsized Offering, the Company will pay aggregate finder’s fees totaling $826,549, payable in cash and/or Units to BMO Capital Markets, Canaccord Genuity, Red Cloud Securities Inc., Research Capital Corporation and SCP Resource Finance.

The securities issued under the Upsized Offering are subject to a four-month hold period from the date of closing. The Company intends to use the net proceeds from the Upsized Offering to continue advancing the Calico Silver Project in San Bernardino, California; support community relations initiatives at the Cinco de Mayo Silver Project in Chihuahua, Mexico; cover ongoing property maintenance costs at both projects; and for general corporate purposes. The Upsized Offering remains subject to the final approval of the TSXV.

The Offering included participation by certain insiders of the Company for an aggregate of 405,557 units totaling gross proceeds of $1,460,005.20. Such participation constitutes a ‘related party transaction’ under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (‘MI 61-101’). The issuance of securities to insiders is exempt from the valuation requirement pursuant to section 5.5(b) of MI 61-101, as the Company’s shares are not listed on a specified market, and from the minority shareholder approval requirement pursuant to section 5.7(a) of MI 61-101, as the fair market value of the securities issued to related parties does not exceed twenty five percent of the Company’s market capitalization.

The Shares 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 in the United States without registration under the U.S. Securities Act and all applicable state securities laws or compliance with the requirements of an applicable exemption therefrom. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Apollo Silver Corp.

Apollo is advancing one of the largest undeveloped primary silver projects in the US. The Calico project hosts a large, bulk minable silver deposit with significant barite and zinc credits – recognized as critical minerals essential to the US energy and medical sectors. The Company also holds an option on the Cinco de Mayo Project in Chihuahua, Mexico, which is host to a major carbonate replacement (CRD) deposit that is both high-grade and large tonnage. Led by an experienced and award-winning management team, Apollo is well positioned to advance the assets and deliver value through exploration and development.

Please visit www.apollosilver.com for further information.

ON BEHALF OF THE BOARD OF DIRECTORS

Ross McElroy
President and CEO

For further information, please contact:

Email: info@apollosilver.com

Telephone: +1 (604) 428-6128

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

Cautionary Statement Regarding ‘Forward-Looking’ Information

This news release includes ‘forward-looking statements’ and ‘forward-looking information’ within the meaning of Canadian securities legislation. All statements included in this news release, other than statements of historical fact, are forward-looking statements including, without limitation, statements with respect to the expected timing for completion of the remaining balance of the Upsized Offering; and the intended use of proceeds from the Upsized Offering. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as ‘anticipate’, ‘believe’, ‘plan’, ‘estimate’, ‘expect’, ‘potential’, ‘target’, ‘budget’ and ‘intend’ and statements that an event or result ‘may’, ‘will’, ‘should’, ‘could’ or ‘might’ occur or be achieved and other similar expressions and includes the negatives thereof.

Forward-looking statements are based on the reasonable assumptions, estimates, analysis, and opinions of the management of the Company made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management of the Company believes to be relevant and reasonable in the circumstances at the date that such statements are made. Forward-looking information is based on reasonable assumptions that have been made by the Company as at the date of such information and is subject to known and unknown risks, uncertainties and other factors that may have caused actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: risks associated with mineral exploration and development; metal and mineral prices; availability of capital; accuracy of the Company’s projections and estimates; realization of mineral resource estimates, interest and exchange rates; competition; stock price fluctuations; availability of drilling equipment and access; actual results of current exploration activities; government regulation; political or economic developments; environmental risks; insurance risks; capital expenditures; operating or technical difficulties in connection with development activities; personnel relations; and changes in Project parameters as plans continue to be refined. Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to the price of silver, gold and barite; the demand for silver, gold and barite; the ability to carry on exploration and development activities; the timely receipt of any required approvals; the ability to obtain qualified personnel, equipment and services in a timely and cost-efficient manner; the ability to operate in a safe, efficient and effective matter; and the regulatory framework regarding environmental matters, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate and actual results, and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information contained herein, except in accordance with applicable securities laws. The forward-looking information contained herein is presented for the purpose of assisting investors in understanding the Company’s expected financial and operational performance and the Company’s plans and objectives and may not be appropriate for other purposes. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws .

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Investor and author Gianni Kovacevic discusses silver’s price pullback, saying that in the long term he sees the white metal reaching triple digits.

He expects oil prices to reach that level too, but emphasized that he sees lithium as the truly contrarian play for the rest of 2025 and into next year.

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

This post appeared first on investingnews.com