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Senate Minority Leader Chuck Schumer, D-N.Y., on Friday accused President Donald Trump of ‘skipping town’ for a trip to Asia during the ongoing government shutdown.

Trump departed for Asia Friday night for a weeklong trip that will include stops in Malaysia, Japan and South Korea. Republicans and Democrats remain divided on negotiations to end the shutdown that began earlier this month, with each side blaming the other as the GOP controls the White House and both chambers of Congress.

‘In the midst of the longest full government shutdown in American history — a crisis of his own making — President Trump’s priorities are severely misplaced,’ Schumer said in a statement.

‘While Americans are struggling to make ends meet, federal workers are going without pay, and millions of families are bracing for soaring health care costs, the President is leaving the country,’ he continued.

Schumer added: ‘America is shut down and the President is skipping town.’

The senator said Democrats have sought to meet with Trump, but that the president is ‘abandoning’ his responsibilities.

‘Democrats have asked, again and again, for President Trump to meet with us to negotiate a bipartisan deal that would address the healthcare crisis, and find a path forward to reopen the government. But instead of doing his job, President Trump is abandoning it,’ Schumer said.

Schumer also called on GOP lawmakers in Congress to work across the aisle to reach a deal to end the shutdown.

‘With the President out of the country, the responsibility falls squarely on Congressional Republicans to act — to come to the table, to do their jobs, and to deliver an agreement that reopens the government and protects Americans from another health care disaster,’ he said.

‘Americans deserve a government that works as hard as they do— not a leader that flies away from responsibility at the time they need one most,’ the top Senate Democrat added.

While in Asia, Trump is expected to meet with regional allies about trade, including the trade war with China, as well as Beijing’s tightening of export controls on rare-earth minerals critical for certain technologies. 

The president is also expected to address security in the region and affirm America’s commitment to supporting its allies.

This post appeared first on FOX NEWS

President Donald Trump is heading off to Asia Friday evening, not long after North Korea fired off a ballistic missile for the first time in months and as questions loom regarding trade negotiations with China.

The White House confirmed that Trump will meet with Chinese President Xi Jinping Thursday during the Asia-Pacific Economic Cooperation (APEC) Summit.

The meeting comes amid escalated tensions between the two countries on trade after Beijing announced Oct. 9 it would impose export controls on rare-earth magnets, which are used in a host of products ranging from electric cars to F-35 fighter jets. In response, Trump announced the U.S. would impose a new 100% tariff on all Chinese goods, which is slated to take effect Nov. 1.

Even so, Trump sought to diffuse tensions and has routinely touted his relationship with Xi in recent weeks. Additionally, he has voiced confidence both parties will walk away from the summit pleased and that a deal will be made.

‘I think we are going to come out very well, and everyone’s going to be very happy,’ Trump said Thursday.

The summit between Trump and Xi will mark the first time they’ve met in person since Trump took office in January. The two previously met in person in June 2019 in Japan.

Trump’s meeting with Xi will come on the tail end of a larger trip to the region. Trump is first headed to Malaysia to meet with Malaysian Prime Minister Anwar Ibrahim Sunday afternoon before participating in the Association of Southeast Asian Nations (ASEAN) dinner in the evening.

While in Malaysia, he will also meet with Cambodian Prime Minister Hun Manet and Thai Prime Minister Anutin Charnvirakul.

Trump will then head to Tokyo Monday and is slated to meet on Tuesday with Japanese Prime Minister Sanae Takaichi, who was just elected earlier in October. Takaichi is the first woman to serve as the prime minister of Japan.

Trump will then close out his trip heading to South Korea, where he will meet with the South Korean President Lee Jae Myung and will deliver keynote remarks at the APEC CEO lunch.

Trump is scheduled to return to Washington Thursday.

Meanwhile, North Korea has upped its aggression in recent days, firing off multiple short-range ballistic missiles Wednesday, the first one Pyongyang has launched since May. Meanwhile, North Korean Leader Kim Jong Un showed off a new intercontinental ballistic missile at a military parade in front of Chinese, Russian and other top officials Oct. 10.

‘We are aware of the DPRK’s multiple ballistic missile launches and are consulting closely with the Republic of Korea and Japan, as well as other regional allies and partners,’ U.S. Indo-Pacific Command (INDOPACOM) said in a statement on Wednesday.

‘The United States condemns these actions and calls on the DPRK to refrain from further unlawful and destabilizing acts,’ INDOPACOM said. ‘While we have assessed that this event does not pose an immediate threat to U.S. personnel, or territory or to our allies, we continue to monitor the situation.’

The Associated Press contributed to this report.

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Sen. Ted Cruz, R-Texas, announced after a contentious nomination hearing Thursday that he would not support the Trump administration’s pick for ambassador to Kuwait.

Among other areas of concern, Cruz expressed alarm over Amer Ghalib’s refusal to outright condemn the Muslim Brotherhood, a group Cruz believes works against the geopolitical interests of the United States.

‘The Muslim Brotherhood is a global terrorist organization,’ Cruz said in a post on X. ‘Amer Ghalib refers to them as an inspiration. That is in opposition to President Trump and is disqualifying. I cannot support his confirmation for the Ambassador to Kuwait.’ 

Ghalib, the mayor of Hamtramck, Mich., sparred with Cruz and other members of the Senate earlier that day, clashing with several lawmakers over issues like the United States’ relationship with Israel, comments he had made about the war in Gaza and more.

According to the Department of State, Ghalib was born and raised in Yemen before coming to the United States at age 17. After working full-time in an auto parts factory, he attended the Ross University School of Medicine from 2006-2011 and went on to work as a healthcare professional at the Hamtramck Medical Group until his entry into politics. 

Ghalib made news when he was elected as mayor in 2021, becoming the first Muslim to fill the role. In that capacity, he endorsed Donald Trump for president in 2023.

‘Mr. Ghalib’s journey began as a farmer in Yemen, then as an autoworker in the United States, a healthcare professional, and then as an elected mayor of his city. His multicultural experience, deep regional knowledge and demonstrated success as a politician, leader and community organizer, make him a well-qualified candidate to serve as U.S. Ambassador to the State of Kuwait,’ the State Department wrote in its summary of the administration’s nominee. 

On Thursday, when asked by Cruz if he still considered Saddam Hussein, the former president of Iraq, a martyr, Ghalib initially skirted the question.

‘I was a private citizen in 2020,’ Ghalib answered, referring to the timing of a social media post when he had given that description.

‘I’m just asking your views. I asked you about today. Do you continue to believe that Saddam Hussein is a martyr today?’ Cruz asked again.

‘I don’t think that — there’s no doubt that Saddam was a dictator. I mean, I can say no. It wouldn’t matter. He’s in God’s hands; he’s going to get the treatment he deserves,’ Ghalib said. 

Hussein served as president from 1979 until his government was overthrown in the 2003 U.S. invasion of Iraq. In the aftermath, an Iraqi tribunal found him guilty of willful killing, illegal imprisonment, deportation and torture, among other abuses. He was hanged on Dec. 30, 2006.

Ghalib and the Hamtramck City Council entered the spotlight in 2024 when the city voted unanimously to approve a resolution that, in response to the war in Gaza, required the city to avoid investing in Israeli companies. Citing that resolution, Cruz and other senators expressed reservations that Ghalib would be able to faithfully carry out positions held by the administration. especially if it were to designate the Muslim Brotherhood a terrorist organization or other policy issues that could conflict with Ghalib’s personal views on the Middle East. 

Those hesitations stretched across the aisle.

‘You liked a Facebook comment comparing Jews to monkeys,’ Sen. Jacky Rosen, D-Nev., said. ‘You characterized leaders you don’t like as becoming ‘Jewish.’ As mayor, you failed to comment after one of your political appointees called the Holocaust ‘advance punishment’ for the War in Gaza, and you denied that Hamas used sexual violence as a weapon of war on Oct. 7.’ 

Ghalib did not deny authoring the posts. Instead, he defended himself by arguing that his comments had been taken out of context or that lawmakers had selectively misconstrued his actions. In response to Rosen’s remarks about liking a post comparing Jewish people to monkeys, Ghalib said that he had made it a practice to interact with all social media comments left on his page as a form of acknowledgment. He said those views did not reflect his positions. 

‘I think a lot of my posts were written in Arabic and mistranslated,’ Ghalib said in response to further questioning about some of the posts he had made himself.

The State Department and Ghalib’s office did not immediately respond to requests for comment.

Rosen and other senators did not seem moved by Ghalib’s explanations.

‘That is beyond the pale. I will not be supporting your nomination,’ Rosen said. ‘And if you are confirmed — I want you to remember this, sir: You will be an ambassador for the United States of America. And, thus, as ambassador, we must show respect to everyone. We will be watching to see if that happens.’ 

No date has been set for a final vote on Ghalib’s nomination. 

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Thor Energy (ASX:THR,LSE:THR,OTCQB:THORF) has finalized a binding agreement with US-based DISA Technologies to treat abandoned uranium mine waste in Colorado to recover saleable uranium and other critical minerals as well.

Under the agreement, DISA will deploy its patented High-Pressure Slurry Ablation (HPSA) technology at Thor’s Colorado uranium projects, which are held through its US subsidiary, Standard Minerals. The company owns 25 percent of the uranium mineral rights, while the remaining 75 percent is held by London-listed Metals One (LSE:MET1).

Thor said it will receive a share of gross revenues generated from the sale of uranium and critical mineral concentrates recovered from the sites, with no capital or operating expenditures required on its part.

“This agreement finalises the details under which Thor will potentially generate revenue from the recovery of uranium and critical metals from its Colorado projects,” said Andrew Hume, Thor’s managing director and CEO.

“It is also fantastic to report that the US Nuclear Regulatory Commission has granted DISA a Service Provider’s License to remediate abandoned uranium mine waste. DISA is now the first company in the US to receive such approvals.”

DISA’s newly granted Service Providers License (SPL) from the US Nuclear Regulatory Commission (NRC) allows it to proceed with remediation of legacy uranium waste sites across the country.

The license, secured after a multi-year review process that began in 2021, enables DISA to operate modular mobile treatment plants using HPSA technology, a process designed to recover valuable resources from waste while mitigating environmental hazards.

Under the agreement, DISA will act as the project operator, responsible for all costs related to evaluation, permitting, treatment, and remediation.

Meanwhile, Thor, through Standard Minerals, will receive between 2.5 and 4 percent of gross product sales, depending on market conditions.

Beyond resource recovery, the process is expected to deliver environmental benefits by improving water quality and restoring legacy mine sites to productive use.

The project aligns closely with recent US policy efforts to unlock domestic mineral supplies from legacy sites. The Department of the Interior’s Secretarial Order No. 3436, issued earlier this year, directs agencies to accelerate recovery of critical and strategic minerals from mine waste and streamline permitting processes.

Next steps for Thor and DISA include conducting a detailed characterization program using assays and gamma probes to determine the quantity of recoverable minerals in the waste dumps.

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

This post appeared first on investingnews.com

/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES./

Quimbaya Gold Inc. (‘Quimbaya’ or the ‘Company’) (CSE:QIM,OTC:QIMGF) (OTCQB: QIMGF) (FSE: K05) is pleased to announce that due to investor demand, it has entered into an amended agreement with Stifel Canada to act as sole underwriter and bookrunner (the ‘Underwriter’), to increase the size of its previously announced ‘bought deal’ private placement offering, pursuant to which the Underwriter has agreed to purchase on a bought deal basis, 17,900,000 units of the Company  (the ‘LIFE Units’) at a price of C$0.70 per LIFE Unit (the ‘Offering Price’) for aggregate gross proceeds of C$12,530,000 (the ‘Offering’), with the LIFE Units to be issued pursuant to the Listed Issuer Financing Exemption (as defined below). 

The Company has granted to the Underwriter an option, exercisable up to 48 hours prior to the closing date, to purchase for resale up to an additional 15% of LIFE Units at the Offering Price for additional gross proceeds of up to C$1,879,500

Each LIFE Unit will consist of one common share (a ‘Common Share‘) and one-half (½) of one Common Share purchase warrant (each whole warrant, a ‘Warrant‘) of the Company. Each Warrant will be exercisable to acquire one Common Share for a period of 36 months following the closing date of the Offering at an exercise price of C$1.00 per common share.

The net proceeds from the Offering are expected to be used to advance the Company’s exploration programs, including drilling at the Tahami South project and follow-up work on regional copper-gold and gold targets, as well as for general working capital.

Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 – Prospectus Exemptions (‘NI 45-106‘), the LIFE Units will be offered for sale to purchasers resident in Canada other than Quebec and/or other qualifying jurisdictions pursuant to the listed issuer financing exemption under Part 5A of NI 45-106 (the ‘Listed Issuer Financing Exemption‘). Because the Offering is being completed pursuant to the Listed Issuer Financing Exemption, the LIFE Units issued pursuant to the Offering will not be subject to a hold period pursuant to applicable Canadian securities laws. There is an offering document related to the Offering that can be accessed under the Company’s issuer profile on SEDAR+ at www.sedarplus.ca and on the Company’s website at quimbayagold.com. Prospective investors should read the offering document before making an investment decision.

The Offering is scheduled to close on or about November 4, 2025 (the ‘Closing Date‘) and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including the acceptance of the Canadian Securities Exchange.

The securities referred to in this news release 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 state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, ‘U.S. Persons’ (as such term is defined in Regulation S under the U.S. Securities Act) absent such registration or an applicable exemption from the registration requirements of the U.S. Securities Act. This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements.

 About Quimbaya

Quimbaya aims to discover gold resources through exploration and acquisition of mining properties in the prolific gold mining districts of Colombia. Managed by an experienced team in the mining sector, Quimbaya is focused on three projects in the regions of Segovia (Tahami Project), Puerto Berrio (Berrio Project), and Abejorral (Maitamac Project), all located in Antioquia Province, Colombia.

Quimbaya Gold Inc.

Follow on X @quimbayagoldinc
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Cautionary Statements

 Certain statements contained in this press release constitute ‘forward-looking information’ as that term is defined in applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein are forward-looking information. Generally, but not always, forward-looking statements and information can be identified by the use of forward-looking terminology such as ‘intends’, ‘expects’ or ‘anticipates’, or variations of such words and phrases or statements that certain actions, events or results ‘may’, ‘could’, ‘should’, ‘would’ or ‘occur’. Forward-looking statements herein include statements and information regarding the closing of the Offering, Offering’s intended use of proceeds, any exercise of Warrants, the future plans for the Company, including any expectations of growth or market momentum, future expectations for the gold sector generally, the Colombian gold sector more particularly, or how global or local market trends may affect the Company, intended exploration on any of the Company’s properties and any results thereof, the strength of the Company’s mineral property portfolio, the potential discovery and potential size of the discovery of minerals on any property of the Company’s, including Tahami South, the aims and goals of the Company, and other forward-looking information. Forward-looking information by its nature is based on assumptions and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Quimbaya to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. These assumptions include, but are not limited to, that the Company’s exploration and other activities will proceed as expected. The future outcomes that relate to forward-looking statements may be influenced by many factors, including but not limited to: future planned development and other activities on the Company’s mineral properties; an inability to finance the Company; obtaining required permitting on the Company’s mineral properties in a timely manner; any adverse changes to the planned operations of the Company’s mineral properties; failure by the Company for any reason to undertake expected exploration programs; achieving and maintaining favourable relationships with local communities; mineral exploration results that are poorer or better than expected; prices for gold remaining as expected; currency exchange rates remaining as expected; availability of funds for the Company’s projects; prices for energy inputs, labour, materials, supplies and services (including transportation); no labour-related disruptions; no unplanned delays or interruptions in scheduled construction and production; all necessary permits, licenses and regulatory approvals are received in a timely manner; the Offering proceeds being received as anticipated; all requisite regulatory and stock exchange approvals for the Offering are obtained in a timely fashion; investor participation in the Offering; and the Company’s ability to comply with environmental, health and safety laws. Although Quimbaya’s management believes that the assumptions made and the expectations represented by such information are reasonable, there can be no assurance that the forward-looking information will prove to be accurate. Furthermore, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or information. Readers are cautioned not to place undue reliance on forward-looking information as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Forward-looking information contained in this news release is expressly qualified by this cautionary statement. The forward-looking information contained in this news release represents the expectations of Quimbaya as of the date of this news release and, accordingly, is subject to change after such date. Except as required by law, Quimbaya does not expect to update forward-looking statements and information continually as conditions change.

SOURCE Quimbaya Gold Inc.

View original content: http://www.newswire.ca/en/releases/archive/October2025/24/c2082.html

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Here’s a quick recap of the crypto landscape for Friday (October 24) as of 5:00 p.m. UTC.

Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrency market news.

Bitcoin and Ether price update

Bitcoin (BTC) was priced at US$110,271, a 0.8 percent decrease in 24 hours. Its lowest valuation of the day was US$109,478, and its highest was US$111,658.

Bitcoin price performance, October 24, 2025

Chart via TradingView

Bitcoin’s medium-sized investors are continuing to buy even after the US$19 billion liquidation event earlier this month, preserving the market’s long-term bullish structure, according to CryptoQuant.

Entities holding between 100 and 1,000 BTC have added roughly 907,000 BTC over the past year, which analysts say represents a strong accumulation trend that historically aligns with upward price momentum.

However, CryptoQuant warned that short-term demand is softening as the cohort’s 30-day balance has fallen below its moving average, suggesting potential near-term caution until a catalyst, such as renewed ETF inflows, emerges.

Meanwhile, Ether (ETH) was priced at US$3,888.22, a 0.7 percent decrease in 24 hours. Its lowest valuation of the day was US$3,824.85, and its highest was US$3,994.25.

Altcoin price update

  • Solana (SOL) was priced at US$190.41, down by 0.8 percent over the last 24 hours. Its lowest valuation of the day was US$188.87, and its highest was US$194.57.
  • XRP was trading for US$2.48, an increase of 2.5 percent over the last 24 hours. Its lowest valuation of the day was US$2.38, while its highest was US$2.51.

Crypto derivatives and market indicators

Bitcoin derivatives metrics indicate a complex market environment with mixed signals.

Bitcoin liquidations have totaled approximately US$12.4 million in the last four hours, with long positions making up the majority, indicating selling pressure from a long squeeze and short-term bearish momentum. Ether liquidations show a similar pattern, totaling US$18.49 million during the period, the majority of which were also long positions.

Futures open interest for Bitcoin has increased by about 1.7 percent to roughly US$71.35 billion, showing modestly higher positioning after the recent flush. Ether futures open interest was essentially unchanged at around US$45.80 billion.

Fear and Greed Index snapshot

CMC Crypto Fear and Greed Index, Bitcoin price and Bitcoin volume.

Chart via CoinMarketCap

CMC’s Crypto Fear & Greed Index has slightly trended upwards into 32 but remains in fear territory, an improvement from this week’s lowest score (25).

Today’s crypto news to know

Trump pardons Binance founder

US President Donald Trump has granted a full pardon to Binance founder Changpeng Zhao, wiping away his 2024 conviction for violating US anti–money laundering laws.

Zhao, better known as “CZ,” served four months in prison and had been barred from running financial ventures under the plea deal.

The move follows months of lobbying by Binance, which paid a record US$4.3 billion fine as part of its own settlement with federal prosecutors. White House Press Secretary Karoline Leavitt called the case “a politically motivated overreach by the Biden administration,” insisting the pardon was meant to correct an injustice.

Critics argue the decision reflects Trump’s growing financial ties to the crypto industry, citing his personal investments and recent push for a “national cryptocurrency reserve.”

Zhao thanked Trump on social media, saying he was “deeply grateful” for the decision and eager to “continue supporting innovation responsibly.”

JPMorgan to let institutions borrow against Bitcoin, Ethereum holdings

JPMorgan Chase & Co. (NYSE:JPM) is preparing to let institutional clients borrow cash using Bitcoin and Ethereum as collateral.

Set to launch by the end of 2025, the initiative will allow clients to pledge crypto directly rather than through ETFs, using a third-party custodian to safeguard tokens. The pilot follows successful internal testing involving BlackRock’s iShares Bitcoin Trust earlier this year.

JPMorgan already accepts crypto-linked ETFs as loan collateral and integrates blockchain tools into its commercial lending network.

Polymarket confirms POLY Token launch after US$2B investment surge

Prediction platform Polymarket has confirmed plans to launch its long-awaited POLY token following a massive US$2 billion investment from Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange.

Speaking on the Degenz Live podcast, Chief Marketing Officer Matthew Modabber said both the token and airdrop are “officially in motion,” confirming rumors that have swirled for months.

Modabber emphasized that the launch will prioritize real utility and “long-term viability,” aligning with Polymarket’s push to relaunch its US app after receiving fresh regulatory clearance.

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

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

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(TheNewswire)

GRANDE PRAIRIE, ALBERTA TheNewswire – October 24, 2025 – Angkor Resources Corp. (TSXV: ANK,OTC:ANKOF) (‘ANGKOR’ OR ‘THE COMPANY’) announces it has finalized the sale of all mineral rights on Oyadao North license to Almighty Natural Resources (‘Almighty’).

Angkor negotiated a sale of mineral rights of the Oyadao North license to Almighty Natural Resources and announced on June 26, 2024.   After delays from Almighty, the Company received $325,000 US as the final cash component in the transfer of license to Almighty and signed a 4% Net Smelter Royalty for Angkor to receive on production revenue from any mineral recovered and produced from the Oyadao North license.  The Company provided written confirmation to the Ministry of Mines and Energy of its agreement to transfer mineral rights.

Hommy Resources Ltd., holding a 30% interest in the property, chose to receive shares for their entire interest in the sale of the license, and participated in the shares for debt announced on Sept 23, 2025 receiving a total of 542,857 common shares of Angkor.

With final documentation completed on the disposition, Angkor continues with its priority projects of Block VIII onshore oil and gas, and its two remaining mineral licenses, Andong Meas in Ratanakiri and Andong Bor, which straddles Oddar Meanchey and Banteay Meanchey provinces in northwest Cambodia.

==================================================================

ABOUT Angkor Resources CORPORATION:

Angkor Resources Corp. is a public company, listed on the TSX-Venture Exchange, and is a leading resource optimizer in Cambodia working towards mineral and energy solutions across Canada and Cambodia.   Since 2022, Angkor’s Canadian subsidiary, EnerCam Exploration Ltd., has been involved in gas/carbon capture and oil and gas production in Saskatchewan, Canada.  ANGKOR’s carbon capture and gas conservation project is part of its long-term commitment to Environmental and Social projects and cleaner energy solutions across jurisdictions.

The company’s mineral subsidiary, Angkor Gold Corp. in Cambodia holds two mineral exploration licenses in Cambodia with multiple prospects in copper and gold.

Its Cambodian energy subsidiary, EnerCam Resources, was granted an onshore oil and gas license of 7300 square kilometers in the southwest quadrant of Cambodia called Block VIII.   The company then removed all parks and protected areas and added 220 square kilometers, making the just over 4095 square kilometers.  EnerCam is actively advancing oil and gas exploration onshore Cambodia to meet its mission of discovering and proving commercial oil and gas in Cambodia.

CONTACT: Delayne Weeks – CEO

Email: info@angkorresources.com Website: angkor resources.com Telephone: +1 (780) 831-8722

Please follow @AngkorResources on , , , Instagram and .

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

Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company, including, but not limited to the potential for gold and/or other minerals at any of the Company’s properties, the prospective nature of any claims comprising the Company’s property interests, the impact of general economic conditions, industry conditions, dependence upon regulatory approvals, uncertainty of sample results, timing and results o f future exploration, and the availability of financing.  Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

Copyright (c) 2025 TheNewswire – All rights reserved.

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Duane Nelson, President and Chief Executive Officer, Torchlight Innovations Inc. (TSXV: RZL) (‘Company’), and its executive management team, joined Omar Khafagy, Head Client Success, Toronto Stock Exchange (‘TSX’), to open the market and celebrate the Company’s new listing on TSX Venture Exchange.

Torchlight Innovations Inc., doing business as RZOLV Technologies (‘RZOLV’), is a Canadian clean-technology company redefining the $240 billion global gold mining sector. Their proprietary RZOLV formula provides a safer, more eco-friendly alternative to the $2B of cyanide used annually. RZOLV delivers similar leach kinetics and recoveries—at similar costs on ores, concentrates, and tailings. The Company is transitioning from pilot to commercial rollout with strong industry partnerships and recurring-revenue potential from reagent sales and licensing agreements. As the mining sector accelerates toward ESG-aligned operations, RZOLV stands at the intersection of profit and sustainability—offering investors scalable exposure to one of the most transformative shifts in modern resource extraction.

MEDIA CONTACT:
Duane Nelson
President & CEO
604-512-8118

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/271794

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This week began on a strong note, with emerging signs that US-China tensions could ease and White House Economic Advisor Kevin Hassett’s suggestion that the federal government shutdown could soon end.

US stocks rallied broadly, led by small caps and semiconductors, with the PHLX Semiconductor Sector (INDEXNASDAQ:SOX) hitting an all-time high amid reduced concerns about regional bank credit quality.

On Tuesday (October 21), hotter-than-expected Canadian inflation data weighed on the S&P/TSX Composite Index (INDEXTSI:OSPTX), while the Nasdaq Composite (INDEXNASDAQ:.IXIC) outperformed.

Wednesday (October 22) saw profit taking in high-growth names as Tesla (NASDAQ:TSLA) and IBM (NYSE:IBM) reported after the bell, and as reports of potential new US export curbs on China pressured equities.

IBM beat revenue forecasts with US$9.5 billion in artificial intelligence (AI) revenue, but offered cautious guidance, leading its share price to fall after-hours. Tesla missed revenue estimates, with margins falling to 5.8 percent due to price cuts and reduced regulatory credits, despite record deliveries. CEO Elon Musk reiterated medium-term goals in AI, autonomy and robotics, though the firm didn’t update its financial guidance. Tesla shares also dropped after hours.

Despite the pullback, the tech sector rebounded sharply on Thursday (October 23), driven by optimism about AI and cloud infrastructure. Quantum computing companies such as IonQ (NASDAQ:IONQ), Rigetti Computing (NASDAQ:RGTI) and D-Wave Quantum (NYSE:QBTS) surged on reports of increased US government funding.

North of the border, Canadian Prime Minister Mark Carney and Ontario Premier Doug Ford unveiled a C$3 billion joint investment in small modular reactors at the Darlington site, located east of Toronto in Bowmanville.

Later, Intel (NASDAQ:INTC) surpassed expectations with a 3 percent year-on-year revenue increase, reaching US$13.7 billion, with gross margins doubling to 38 percent. The demand for AI accelerators and x86 processors contributed to these strong results. CEO Lip-Bu Tan expressed confidence in continuing AI-driven compute demand.

Following the announcement, shares rose and opened nearly 5 percent higher the next day.

Intel’s standout earnings boosted sentiment heading into Friday. Markets opened higher after delayed US inflation data came in cooler than expected, showing easing underlying pressures and reinforcing expectations for another Fed rate cut next week. Tech stocks led the advance once again.

3 tech stocks that moved markets this week

1. Micron Technology (NASDAQ:MU)

Micron Technology shares rose 4.46 percent this week, hitting a record high above US$214 on Monday (October 20) after analysts at Barclays (NYSE:BCS) raised their price target from US$195 to US$240, citing robust earnings and margin expansion as signs of operational strength. The company has reported surging demand for its high-bandwidth memory chips, with supply fully sold out through 2026. Other semiconductor stocks, such as ON Semiconductor (NASDAQ:ON) and KLA (NASDAQ:KLAC), also gained, reflecting broad semiconductor strength.

2. Apple (NASDAQ:AAPL)

Apple’s share price is up 2.7 percent for the week, boosted by an overall bullish sentiment for high-value tech stocks, as well as momentum from strong M5 MacBook demand and solid sales of the iPhone 17 in the US and China.

CEO Tim Cook later announced the opening of the company’s Texas manufacturing facility on Thursday, two months ahead of schedule, further boosting sentiment.

3. NVIDIA (NASDAQ:NVDA)

Top AI stock NVIDIA saw gains of 1.67 percent this week following a joint announcement with Taiwan Semiconductor Manufacturing Company (NYSE:TSM). The companies said the first Blackwell wafer has been produced in the US at Taiwan Semiconductor’s semiconductor fab in Phoenix.

It is the first of its kind to be domestically manufactured in recent American history.

NVIDIA remains the bellwether for the AI sector, and its share price performance is widely regarded as a barometer for risk-on sentiment in the AI and tech sectors, with its share price movements often reflecting investor appetite for growth and optimism about the future of AI-driven innovation.

Micron Technology, NVIDIA and Apple performance, October 21 to 24, 2025.

Chart via Google Finance.

Tech ETF performance

This week, the iShares Semiconductor ETF (NASDAQ:SOXX) advanced by 1.83 percent, while the Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) saw a weekly gain of 1.91 percent.

The VanEck Semiconductor ETF (NASDAQ:SMH) increased by 1.59 percent.

Other tech market news

  • Amazon Web Services experienced a major outage this week, raising concerns about cloud infrastructure resilience and spotlighting the critical dependency on hyperscale providers.

        Tech news to watch next week

        Next week, investors will be eyeing interest rate decisions from the Bank of Canada and the US Federal Reserve. The Bank of Canada is expected to hold rates steady, reflecting ongoing cautiousness amid cooling inflation, while US investors are betting on a rate cut from the the country’s central bank.

        Earnings results from tech giants will also be closely watched, with Alphabet (NASDAQ:GOOGL), Microsoft and Meta reporting on Wednesday (October 29), and Apple and Amazon on Thursday (October 30).

        Strong beats or cautious guidance from these heavyweight companies could either boost confidence in the tech sector’s growth trajectory or temper enthusiasm in the final quarter of 2025.

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

        This post appeared first on investingnews.com

        Homerun Resources Inc. (TSXV: HMR,OTC:HMRFF) (OTCQB: HMRFF) (‘Homerun’ or the ‘Company’) announces that the Company has submitted its formal application for conditional approval of the previously announced $6-million financing with a single institutional investor. The Company is now awaiting conditional approval from the TSX Venture Exchange.

        The Company also reports, that further to its October 6, 2025, news release, the Company is oversubscribed for its $3-million unit private placement at $1.00. This financing will close after the above financing, as several subscribers have requested that the closing of the $6-million institutional financing be a precedent, and so the Company has requested and received approval from the TSX Venture Exchange to extend the closing of that financing for a standard 30-day period to November 24, 2025.

        Both financings are anticipated to close in the immediate term, subject to TSX-V approval.

        On behalf of the Board of Directors of
        Homerun Resources Inc.

        ‘Brian Leeners’

        Brian Leeners, CEO & Director
        brianleeners@gmail.com / +1 604-862-4184 (WhatsApp)

        Tyler Muir, Investor Relations
        info@homerunresources.com / +1 306-690-8886 (WhatsApp)

        FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE
        The information contained herein contains ‘forward-looking statements’ within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be ‘forward-looking statements’.

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

        To view the source version of this press release, please visit https://www.newsfilecorp.com/release/271921

        News Provided by Newsfile via QuoteMedia

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