Author

admin

Browsing

Senate Republicans’ bid to pass a short-term government funding extension was foiled by Senate Democrats as the deadline to fund the government fast approaches.

While the proposal easily glided through the House with little drama, it hit a brick wall in the Senate and failed 44-48. Only one lawmaker, Sen. John Fetterman, D-Pa., crossed the aisle to support the Republican plan. Sens. Rand Paul, R-Ky., and Lisa Murkowski, R-Alaska, also voted against the bill.

Their failure to send the House GOP’s continuing resolution (CR) to President Donald Trump’s desk came on the heels of Democrats’ failed attempt to advance their own counter-proposal to the Republicans’ plan.

It also comes as lawmakers gear up to leave Washington, D.C., for a week to observe the Jewish New Year, Rosh Hashanah. They’re expected to return with just two working days left before the deadline to fund the government on Sept. 30.

‘The House has acted,’ said Senate Majority Leader John Thune, R-S.D. ‘The president’s ready to sign the bill. We’ve got the appropriations committee and a lot of senators who are ready to go to work to pass bipartisan appropriations bills to fund the government by allowing these additional weeks into November. In order to do that, Democrats have to take ‘yes’ for an answer.’

The CR would have kept the government open until Nov. 21, and it included tens of millions for increased security for lawmakers and the judicial and executive branches.

Senate Democrats have dug in against the GOP’s proposal, not so much because of what’s in the bill, but what’s not in it. They have also hung the possibility of a government shutdown on Trump, who demanded that Republicans cut Democrats out of the process.

Thune charged that if Democrats were ‘serious’ about funding the government, they wouldn’t have ‘put out the most partisan piece of legislation you possibly could.’

‘I mean, it’s kind of mind-boggling,’ he said.

Senate Minority Leader Chuck Schumer, D-N.Y., has also accused Thune of not negotiating with him — a point Thune has pushed back against and noted throughout the week that his office is less than 25 yards from Schumer’s.  

‘We have two weeks. They should sit down and talk to us, and we maybe can get a good proposal,’ Schumer said. ‘Let’s see. But when they don’t talk to us, there’s no hope of getting a good proposal. And that makes no sense.’

‘And again, when Donald Trump says don’t negotiate with Democrats, because he doesn’t know what the Senate is like, or he doesn’t know how to count, because without Democrats, they’re going to end up shutting down the government,’ he continued.

However, the demands Schumer and Democrats laid out in their counter are a bridge too far for Republicans.

Included in the bill were a permanent extension to COVID-19 pandemic-era Obamacare subsidies, which are set to expire at the end of the year, efforts to repeal the Medicaid cuts in Trump’s ‘big, beautiful bill,’ and a clawback of canceled NPR and PBS funding.

Senate Majority Whip John Barrasso, R-Wyo., told Fox News Digital that the legislation was a ‘Trojan horse by the Democrats.’

‘It’s to me, it’s a preview of what they’re going to want to do,’ he said.

‘Schumer has to play to the far-left fringe that is actually running the Democrat Party right now,’ Barrasso continued.

Senate Democrats are adamant that the Obamacare credits, in particular, need to be dealt with now rather than near the deadline. Sen. Gary Peters, D-Mich., told Fox News Digital that lawmakers ‘have to do it now.’

‘All the [insurance rate] notices go out Oct. 1, so you have to have it now,’ Peters said.

However, Republicans argue that including an extension to the tax credits to a short-term extension isn’t germane to the bill, especially one geared toward trying to give Congress time to fund the government with spending bills. And Thune has said that the credits would be ‘addressed’ after a shutdown was averted.

But for now, the issue at hand still boils down to communication between Thune and Schumer.

‘I mean, these are the leaders of the U.S. Senate,’ Sen. Thom Tillis, R-N.C., said. ‘I expect them to step up. And if one’s not actually reaching out, the other one should at least demonstrate that they are — they’re trying to negotiate in good faith. If they don’t, then they get what they get.’ 

This post appeared first on FOX NEWS

The House of Representatives adopted a resolution to honor the ‘life and legacy’ of late conservative activist Charlie Kirk on Friday, just over a week after he was shot and killed during a college campus speaking event in Utah.

The measure got bipartisan support in a 310-58 vote, with both Democrats and Republicans having quickly risen to condemn political violence in the wake of Kirk’s assassination.

The vote divided Democrats, however, with 95 lawmakers voting to adopt the resolution, 58 voting against it and 22 not voting at all.

Thirty-eight Democrats also voted ‘present’ on the resolution. The top three House Democrats – Minority Leader Hakeem Jeffries, D-N.Y., Whip Katherine Clark, D-Mass., and Caucus Chairman Pete Aguilar, D-Calif. – all voted in favor of the measure.

House Democratic leadership did not expressly tell their caucus how to vote on the resolution but communicated that they would support it, according to two sources familiar with discussions.

The measure to honor Kirk, led by Speaker Mike Johnson, R-La., lauded the Turning Point USA founder as ‘one of the most prominent voices in America, engaging in respectful, civil discourse across college campuses, media platforms and national forums, always seeking to elevate truth, foster understanding and strengthen the Republic.’

It also said Kirk’s ‘commitment to civil discussion and debate stood as a model for young Americans across the political spectrum, and he worked tirelessly to promote unity without compromising on conviction.’ 

It called his killing ‘a sobering reminder of the growing threat posed by political extremism and hatred in our society’ and ‘calls upon all Americans—regardless of race, party affiliation, or creed—to reject political violence, recommit to respectful debate, uphold American values, and respect one another as fellow Americans.’

The resolution also invoked Kirk’s Christian faith, affirming that the House ‘honors the life, leadership, and legacy of Charlie Kirk, whose steadfast dedication to the Constitution, civil discourse, and biblical truth inspired a generation to cherish and defend the blessings of liberty.’

Despite lawmakers on both sides quickly coming out to condemn Kirk’s killing and political violence as a whole, subsequent days have seen partisan divisions skyrocket over the case.

Rep. Ilhan Omar, D-Minn., was among the Democrats targeted by the right for her response to Kirk’s death, both in an interview on progressive outlet Zeteo News and in reposting a social media video that criticized Kirk’s allies’ responses to his killing.

Rep. Nancy Mace, R-S.C., led a failed bid to censure Omar over her reaction, which was tabled when four Republicans, three of whom cited First Amendment protections, voted to block the measure.

This post appeared first on FOX NEWS

After conservative activist Charlie Kirk was murdered in Utah last week, leftist and contrarian figures across the country reacted with open celebration, prompting widespread public condemnation.

Fox News Digital spoke this week to several experts who analyzed whether the trend remains a fringe occurrence or if celebrations of political opponents’ deaths and injuries are becoming mainstream.

Paul Sracic is a former politics professor at Youngstown State University and is currently an adjunct fellow at the domestic policy-focused Hudson Institute in Washington, D.C. He said the answer depends on one’s definition of ‘fringe.’

Sracic said recent surveys showed as many as one-fifth of self-identified liberals agreed that political violence is sometimes justified.

‘Presumably, most of these very liberal and liberal voters support Democrats. This should horrify Democratic leaders, but it’s arguably the inevitable outcome of Democrats either adopting or at most failing to push back against notions that words themselves can be a form of violence and therefore can make people feel ‘unsafe’ if they are exposed to a political argument with which they disagree,’ Sracic said.

Democratic leaders, however they might personally think, also know that these more-energized voters must be attracted to the polls in the midterms, no matter the political environment, in order for the party to have a shot at winning back part of the federal government, he said. 

Rep. Andy Barr, R-Ky., who is also running for Sen. Mitch McConnell’s to-be-open Senate seat, offered another perspective – focusing on the increasing trend of political violence from the left against the right.

He cited Rep. Steve Scalise, R-La., nearly being assassinated at a Virginia ballfield, two attempts on President Donald Trump’s life, and Kirk’s murder.

‘Make no mistake—whether you stand with President Trump, support Israel, or believe in free-market capitalism, you are being targeted,’ Barr said.

‘I will work with the Trump administration and provide every resource necessary to prevent these acts of domestic terrorism before they happen.’

Democratic strategist and former congressional staff advisor Julian Epstein argued that multiple factors are driving the reaction to Kirk’s killing.

‘The celebration of Kirk’s death on the far left, both on and offline, is far too common, and not sufficiently denounced,’ he said. ‘The minimization of assassination by Democrat elites in arguing the both side-ism — and in the case of an ABC reporter, the moral relativism — is also too common.’

Epstein warned that the indiscriminate use of historically charged terms like ‘fascism’ is radicalizing political bases, and argued the left is failing to uphold Dr. Martin Luther King Jr.’s Civil Rights-era call to reject violence as a path to political change.

‘That failure occurred not only with the Kirk assassination, but also during the L.A. riots and the scourge of antisemitic violence on college campuses and elsewhere in the past few years,’ he said.

Link Lauren, former advisor to Robert F. Kennedy, Jr. and host of the podcast ‘Spot On,’ said the trend is no longer fringe but increasingly mainstream:

‘They call us Nazis, fascists, and threats to democracy. In the wake of George Floyd, the left burned down cities and businesses,’ Lauren said.

‘Since Charlie’s assassination, conservatives have gathered in churches and peaceful prayer. [That] tells you all you need to know.’

At the Manhattan Institute, legal policy fellow Tal Fortgang added that political violence is ‘capacious.’

‘There is an increasingly mainstream view among progressives, gaining ground within the Democratic Party as its democratic socialist influence grows, that terrorism is justified if it evens out power disparities,’ he said. ‘So you see prominent Democrats downplaying the atrocities of Oct. 7, 2023, on the grounds that Israel was the more powerful party in that fight.’

Fortgang said New York Assemb. Zohran Mamdani and the Democratic Socialists of America have risen in prominence since the Hamas terror attacks.

‘And, as Mamdani’s star has risen, so has the premise that violence is justified if it’s someone ‘powerless’ attacking someone ‘powerful.’’

Fortgang also pointed to comments from Democrats like Sen. Elizabeth Warren of Massachusetts after the murder of a health care executive – a case in which the prime suspect has been treated like a celebrity outside his ongoing court hearings.

Warren originally said that violence is ‘never the answer,’ with the caveat that ‘people can only be pushed so far… if you push people hard enough, they lose faith in the ability of their government to make change.’ She later clarified her remarks, stating: ‘Violence is never the answer. Period. I should have been much clearer that there is never a justification for murder.’

Fortgang said suspect Luigi Mangione ‘struck a blow against capitalism,’ and posited that Kirk’s suspected murderer Tyler Robinson may have been motivated by a desire to avenge transphobia.

‘Hamas fights settler-colonialism when they burn families alive. Systemic thinking is dehumanizing, but it became basically orthodoxy on the American left,’ he said.

‘Even if it is not solely responsible for the uptick in political violence, or its widespread celebration, it helps sustain it. That’s what the Democratic Party needs to confront.’

This post appeared first on FOX NEWS

A man who pleaded guilty to attempting to kill Supreme Court Justice Brett Kavanaugh in 2022 is now using a female name and pronouns, according to a court document filed Friday. 

Nicholas Roske, who is scheduled to be sentenced next month, is using the name Sophie Roske and a ‘Ms.’ title for the first time in a court filing in a case that has stretched for three years.

The court filing was a routine request in anticipation of Roske’s sentencing, which is set for Oct. 3. But the filing referenced Roske by the name ‘Sophia,’ while a footnote revealed that Nicholas remains Roske’s legal first name.

‘Out of respect for Ms. Roske, the balance of this pleading and counsel’s in-court argument will refer to her as Sophie and use female pronouns,’ the footnote stated.

It is unclear if Roske is undergoing any treatments to become transgender. Fox News Digital reached out to the defendant’s defense team for comment.

Roske arrived at Kavanaugh’s house June 8, 2022, with a pistol, ammunition, a knife, a crowbar and tactical gear. Roske eventually called 9-1-1 and turned himself in after receiving a call from his sister and observing U.S. marshals in front of the justice’s house.

The incident occurred just two weeks before the Supreme Court handed down its landmark decision overturning Roe v. Wade, an expected decision that had drawn protesters to the Supreme Court building and conservative justices’ houses for weeks leading up to it.

The Department of Justice is seeking a 30-year sentence. In a sentencing memorandum, prosecutors referenced ‘mental health issues’ the defendant has had for about a decade that included thoughts of violently murdering his sister. He has received treatment for the issues, specifics of which were not included in the memorandum.

‘While the defendant has mental health issues, those issues do not detract from the gravity of the defendant’s crime: the defendant researched and targeted multiple members of the judiciary, and intended to alter the composition of the Supreme Court for ideological reasons,’ prosecutors wrote.

The revelation of the gender label switch comes as the DOJ has internally discussed concerns with transgender people owning guns and as conservative activist Charlie Kirk’s alleged assassin, Tyler Robinson, was discovered to have been in a romantic relationship with a transgender person. While the investigation remains open and authorities are still developing an understanding of the motive, authorities have said Robinson felt Kirk spread hate, which drove him to carry out the killing.

A Bureau of Prisons spokesperson said in a statement to Fox News the bureau could not confirm details about any gender-related treatments Roske may have received.

‘For privacy, safety and security reasons, the Bureau of Prisons (BOP) does not comment on the conditions of confinement for any incarcerated individual, including health information status or treatments,’ the spokesperson said.

This post appeared first on FOX NEWS

As conservatives reflect on the legacy of Turning Point USA founder Charlie Kirk ahead of his celebration of life in Arizona on Sunday, some Republicans credit him with helping President Donald Trump win over young voters in 2024. 

Former TPUSA staffer Anthony DeWitt explained that the grassroots element of Kirk’s work likely played a ‘monumental’ role in ‘energizing the youth to get out and vote in 2024.’

‘Charlie created something that finally lifted the voices and work of not only grassroots, but young people, people like myself who were just entering politics and gave us something that traditionally was only achieved by those who have had a lifetime in politics,’ DeWitt stated.

‘Getting young people knocking doors, chasing ballots, getting signatures, signing up new voters, attending conferences — that was the key to winning the 2024 election.’

A Fox News voter analysis had Trump wooing 47% of voters aged 18-29, with former Vice President Kamala Harris narrowly winning the demographic with 51%.

In the battleground state of Michigan, the analysis found that Trump won the age group with 50%, compared to 48% for Harris. He also came close with 48% in Arizona, where TPUSA is headquartered, with 51% of those surveyed backing Harris.

Trump ultimately ended up sweeping the battleground states, including Michigan and Arizona, winning 312 electoral votes and the popular vote.

However, it is an 11% increase from the 36% of voters in the same age range in 2020, with former President Joe Biden carrying the demographic with 61%.

Colin Reed, a Washington, D.C.-based Republican strategist, noted how Kirk plays a unique role in ‘expanding the tent’ for the party.

‘A generation ago, it would have been unthinkable for a Republican candidate to run nearly equal among younger voters against a Democratic standard-bearer who had every Hollywood and celebrity endorser under the sun, but that’s precisely what happened in 2024,’ Reed wrote to Fox News Digital, alluding to Harris’ star-studded, but short campaign after Biden dropped out in July.

‘Charlie opened the doors for younger people to not only consider the conservative movement but embrace it and champion its principles as a ticket to prosperity and happiness.’

Those close to Kirk, including Turning Point Action’s leader Tyler Bowyer, dubbed 2026 the ‘Charlie Kirk election’ at a vigil at Arizona State University Monday.

‘2028 will be the Kirk-Vance election,’ he said, and the organization is expected to rally around Vice President JD Vance to be Trump’s successor.  

This post appeared first on FOX NEWS

President Donald Trump’s administration on Friday asked the Supreme Court to permit enforcement of a passport policy requiring transgender and nonbinary applicants to list their sex as male or female according to their birth certificate.

Due to a lower court order, transgender and nonbinary people can receive passports with an ‘X’ identification marker instead of male or female. The Justice Department has appealed that order, the Associated Press reported.

In its filing on Friday, Justice Department lawyers argued, ‘Private citizens cannot force the government to use inaccurate sex designations on identification documents that fail to reflect the person’s biological sex — especially not on identification documents that are government property and an exercise of the President’s constitutional and statutory power to communicate with foreign governments.’

On Jan. 20, President Trump signed an executive order directing the federal government to recognize only male or female designations based on ‘an individual’s immutable biological classification.’ 

The order instructed the State Department to issue official documents, including passports, in line with that standard.

A federal judge in Massachusetts later ruled the State Department must provide transgender and nonbinary applicants with passports reflecting the gender designation they select. 

The 1st Circuit Court of Appeals declined to block that order while the case moves forward, prompting the administration to appeal to the Supreme Court.

For more than three decades before the Trump administration, the State Department permitted people to update the sex designation on their passports.

In 2022, the Biden administration introduced the option for applicants to choose ‘X’ as a gender-neutral designation and to select ‘M’ or ‘F’ to indicate male or female, according to Reuters.

Fox News’ Bill Mears and Shannon Bream contributed to this report.

This post appeared first on FOX NEWS

Orla Mining (TSX:OLA,NYSEAMERICAN:ORLA) was hit with a second major exit this month as Newmont (TSX:NGT,NYSE:NEM,ASX:NEM) sold its entire 13.3 percent stake for US$439 million, sending the Canadian miner’s shares tumbling nearly 8 percent on Friday (September 19).

The Denver-based miner said it sold the shares through the Toronto Stock Exchange at US$10.14 (C$14.00) each. The move leaves Newmont with no remaining stake in the company.

CEO Tom Palmer called the sale part of a broader strategy to sharpen focus and free up capital.

“Today’s announcement demonstrates Newmont’s ongoing commitment to streamlining our equity portfolio and unlocks significant cash to support Newmont’s capital allocation priorities,” he said.

Orla shares fell 7.7 percent on Friday to US$10.21 after the sale, cutting its market capitalization to about US$2.41 billion.

The drop followed a similar selloff earlier in September when Agnico Eagle Mines (TSX:AEM,NYSE:AEM) offloaded its 11.3 percent stake in Orla for US$560.5 million.

By contrast, investors rewarded Newmont for the divestment. Its shares rose 3 percent in New York following the announcement, lifting the company’s market capitalization to US$88.6 billion.

The exit from Orla is the latest in a string of Canadian divestments by Newmont, which has been streamlining its portfolio since November 2024.

That program has included the sale of the Musselwhite mine in Ontario to Orla in an US$850 million deal and, more recently, an agreement to sell the Coffee gold project in Yukon to Fuerte Metals (TSXV:FMT,OTCQB:FUEMF) for up to US$150 million.

The company has also applied to voluntarily delist from the Toronto Stock Exchange, citing low trading volumes, though it remains listed in New York.

Despite the divestments, Newmont continues to operate significant Canadian assets, including the Brucejack and Red Chris mines.

For Orla, the departures of Newmont and Agnico Eagle add pressure to demonstrate its ability to sustain growth with a broader investor base.

The company currently operates two producing assets—the Camino Rojo oxide mine in Mexico and Musselwhite in Ontario—and has forecast consolidated 2025 gold output of 265,000 to 285,000 ounces.

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

This post appeared first on investingnews.com

Will Rhind, CEO of GraniteShares, breaks down gold’s recent price activity.

‘I think the main thing that’s driving gold … is this alternative to the dollar,’ he said.

‘People want an alternative to fiat money, and particularly the dollar, and also to traditional stocks and bonds. And so gold’s appeal as being a genuine alternative, an uncorrelated alternative, grows by the month, seemingly,’ Rhind added.

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

This post appeared first on investingnews.com

If it ain’t broke, why fix it? The GDX is way up, but VanEck is switching horses midstream.

The gold price hit a record high of US$3,707.34 per ounce on Wednesday (September 17), shortly after the US Federal Reserve’s decision to make its first cut to interest rates since December 2024.

That put the precious metal’s price up 40 percent since the start of 2025.

It’s been a long time coming, but it seems gold-mining stocks are finally responding to record gold prices.

The VanEck Gold Miners ETF (ARCA:GDX), whose holdings include the biggest global gold-mining companies, was up by 103.54 percent year-to-date as of Thursday (September 18).

The GDX has tracked the price and yield performance of the NYSE ARCA Gold Miners Index since its inception in May 2006. That came to an end on Friday (September 19) as it switched to the MarketVector Global Gold Miners index.

What does the GDX index change mean for gold investors?

It may seem counterintuitive for global investment management firm VanEck to make a change to the index for the popular US$20.5 billion GDX, but there are plenty of good reasons.

The switch was planned a few months ago in conjunction with housekeeping that’s a routine component of exchange-traded fund (ETF) management. The move to the MarketVector Global Gold Miners Index is happening at the same time that the firm would normally rebalance the weight of its positions in GDX’s underlying securities.

And the move makes sense. Not only is MarketVector a subsidiary of VanEck, but it is based on free-float market-cap-weighted methodology that many major stock indexes now use.

“By focusing only on shares available for public trading, excluding those held by insiders or restricted from the market, this method offers a more accurate reflection of market dynamics than the full-market capitalization method,” explains Investopedia, noting that this approach is used by indexes like the S&P 500 (INDEXSP:.INX).

It seems VanEck is joining the rest of the global financial community, which has transitioned away from full market-cap-weighting methodologies like that used by NYSE ARCA Gold Miners Index.

So what can GDX investors expect from this change?

They probably won’t see much difference right away besides slight adjustments to how some stocks are weighted in the fund, or which stock listing is used for companies with multiple stock listings.

For example, major miner Newmont (TSX:NEM,NYSE:NEM,ASX:NEM) — which is among the ETF’s top five holdings — will be weighted at 6.95 percent from 12.99 percent.

Chart via VanEck.

Over the long term, however, GDX may see a boost in performance, including less volatility and better liquidity, as the dead weight is cut away and the largest companies are no longer concentrated at the top. This could represent a major growth opportunity for GDX investors, especially if this bull run on gold and gold-mining stocks continues.

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

This post appeared first on investingnews.com

1911 Gold Corporation (‘ 1911 Gold ‘ or the ‘ Company ‘) (TSXV: AUMB,OTC:AUMBF; OTCQB: AUMBF; FRA: 2KY) is pleased to announce that it has entered into an amended and restated agreement with Haywood Securities (‘ Haywood ‘), as lead agent, on its own behalf and on behalf of Velocity Capital Partners (together with Haywood, the ‘ Agents ‘), to amend the terms of its previously announced ‘best efforts’ private placement and LIFE offering to increase the size of the offering to C$17 million (the ‘ Upsized Offering ‘).

Under the terms of the Upsized Offering, the Agents have agreed to sell, on a ‘best efforts’ private placement basis, up to: (i) 3,184,000 common shares which qualify as ‘flow-through shares’ (within the meaning of the Tax Act) and qualify as ‘Canadian exploration expenses’ as defined in the Tax Act (the ‘ CEE LIFE Shares ‘) at a price of C$0.64 per CEE LIFE Share (the ‘ CEE Issue Price ‘); and (ii) 14,802,000 common shares which qualify as ‘flow-through shares’ (within the meaning of the Tax Act) and qualify as ‘accelerated Canadian development expenses’ as defined in the Tax Act (the ‘ CDE Offered Shares ‘) at a price of C$0.554 per CDE Offered Share (the ‘ CDE Issue Price ‘) for aggregate gross proceeds to the Company from the sale of CEE LIFE Shares and CDE Offered Shares of up to C$10,238,068 (the ‘ LIFE Offering ‘).

Additionally, the Agents have agreed to sell, on a ‘best-efforts’ private placement basis, up to: (i) 6,889,000 common shares of the Company (the ‘ Non-FT Shares ‘) at a price per Non-FT Share of C$0.45 (the ‘ Non-FT Issue Price ‘); and (ii) 5,655,000 common shares which qualify as ‘flow-through shares’ (within the meaning of the Tax Act) and qualify as ‘Canadian exploration expenses’ as defined in the Tax Act (the ‘ CEE PP Shares ‘ and together with the CEE LIFE Shares, the ‘ CEE Offered Shares ‘) at the CEE Issue Price for aggregate gross proceeds to the Company from the sale of the Non-FT Shares and CEE PP Shares of up to C$6,719,250 (the ‘ PP Offering ‘ and together with the LIFE Offering, the ‘ Marketed Offering ‘). The Marketed Offering combines aggregate gross proceeds to the Company of up to C$16,957,318. The CEE Offered Shares, CDE Offered Shares, and Non-FT Shares are referred to herein as the ‘ Offered Shares ‘.

The Company has granted the Agents an option to sell up to an additional 15% of the Marketed Offering in CEE Offered Shares at the CEE Issue Price (the ‘ Agents’ Option ‘, and together with the Marketed Offering, the ‘ Upsized Offering ‘), exercisable in whole or in part at any time up to 48 hours prior to the closing date of the Upsized Offering.

The Non-FT Shares and CEE PP Shares will be issued and sold to eligible purchasers pursuant to the available ‘accredited investor’, ‘minimum amount investment’ and ‘family, friends and business associates’ private placement exemptions in accordance with National Instrument 45-106 – Prospectus Exemptions (‘ NI 45-106 ‘) in each of the Provinces of Canada. The CEE LIFE Shares and CDE Offered Shares will be offered and sold to eligible purchasers pursuant to the listed issuer financing prospectus exemption under Part 5A of NI 45-106 and Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the ‘ LIFE Exemption ‘) in each of the Provinces of Canada. The Offered Shares may be offered and sold to eligible purchasers pursuant to the LIFE Exemption in, the United States and in certain offshore foreign jurisdictions. The Offered Shares sold to purchasers in the United States will be made on a private placement basis pursuant to one or more exemptions from registration requirements of the United States Securities Act of 1933, as amended.

For the CEE Offered Shares, the Company, pursuant to the provisions in the Tax Act shall use an amount equal to the gross proceeds of the sale of the CEE Offered Shares to incur qualifying expenditures after the Closing Date and prior to December 31, 2026 in the aggregate amount of not less than the total amount of the gross proceeds raised from the issue of CEE Offered Shares. The Company shall renounce the qualifying expenditures so incurred to the purchasers of the CEE Offered Shares effective on or before December 31, 2025.

For the CDE Offered Shares, the Company, pursuant to the provisions in the Tax Act shall use an amount equal to the gross proceeds of the sale of the CEE Offered Shares to incur ‘accelerated Canadian development expenses’ after the Closing Date and prior to December 31, 2026 in the aggregate amount of not less than the total amount of the gross proceeds raised from the issue of CDE Offered Shares. The Company shall renounce the qualifying expenditures so incurred to the purchasers of the CDE Offered Shares effective on or before December 31, 2026.

The net proceeds from the sale of the Non-FT Shares shall be used for general corporate and working capital purposes.

The CEE LIFE Shares and CDE Offered Shares to be issued under the Upsized Offering will not be subject to resale restrictions pursuant to applicable Canadian securities laws.

The Non-FT Shares and CEE PP Shares to be issued under the Upsized Offering will be subject to a hold period in Canada expiring four months and one day from the closing date of the Upsized Offering.

The Company has filed an amended and restated offering document (the ‘ Offering Document ‘) related to the LIFE Offering of CEE LIFE Shares and CDE Offered Shares that can be accessed under the Company’s profile on SEDAR+ at https://www.sedarplus.ca and on the Company’s website at www.1911gold.com . Prospective investors of the LIFE Non-FT Shares, CEE LIFE Shares and CDE Offered Shares should read the Offering Document before making an investment decision.

The Upsized Offering is expected to close on or about October 15, 2025 or such other date as the Company and the Agents may agree, and is subject to certain closing conditions including, but not limited to, the receipt of all necessary approvals including the conditional listing approval of the TSX Venture Exchange (‘ TSXV ‘) and the applicable securities regulatory authorities. The Upsized Offering is subject to final acceptance of the TSXV.

In consideration for their services, the Company has agreed to pay the Agents a cash commission equal to 6.0% of the gross proceeds from the Upsized Offering (subject to reduction to 3.0% on certain president’s list purchases) and that number of non-transferable compensation options (the ‘ Compensation Options ‘) as is equal to 6.0% of the aggregate number of Offered Shares sold under the Upsized Offering (subject to reduction to 3.0% on certain president’s list purchases). Each Compensation Option is exercisable to acquire one common share of the Company at a price equal to the Non-FT Issue Price for a period of 24 months from the closing date of the Upsized Offering, except Compensation Options issued with respect to president’s list purchasers, with such Compensation Options to be exercisable for a period of nine months from the closing date of the Upsized Offering.

The Offered Shares have not been registered and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

About 1911 Gold Corporation

1911 Gold is a junior developer with a highly prospective, consolidated land package totaling more than 61,647 hectares within and adjacent to the Archean Rice Lake greenstone belt in Manitoba, Canada. The Company also owns the True North mine and mill complex in Bissett, Manitoba. 1911 Gold believes its land package represents a prime exploration opportunity, with the potential to develop a mining district centred on the True North complex.

In addition, the Company holds the Apex project near Snow Lake, Manitoba and the Denton-Keefer project near Timmins, Ontario, and remains focused on advancing organic growth while pursuing accretive acquisition opportunities across North America.

1911 Gold’s True North complex and exploration land package are located within the traditional territory of the Hollow Water First Nation, signatory to Treaty No. 5 (1875-76). 1911 Gold looks forward to maintaining open, co-operative and respectful communication with the Hollow Water First Nation, and all local stakeholders, in order to build mutually beneficial working relationships.

ON BEHALF OF THE BOARD OF DIRECTORS

Shaun Heinrichs

President and CEO

For further information, please contact:

Shaun Heinrichs
Chief Executive Officer

(604) 674-1293

sheinrichs@1911gold.com

www.1911gold.com

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

This news release may contain forward -looking statements. Often, but not always, forward- looking statements can be identified by the use of words such as ‘plans’, ‘expects’ or ‘does not expect’, ‘is expected’, ‘budget’, ‘scheduled’, ‘estimates’, ‘forecasts’, ‘intends’, ‘anticipates’ or ‘does not anticipate’, or ‘believes’, or describes a ‘goal’, or variation of such words and phrases or state that certain actions, events or results ‘may’, ‘could’, ‘would’, ‘might’ or ‘will’ be taken, occur or be achieved .

All forward-looking statements reflect the Company’s beliefs and assumptions based on information available at the time the statements were made. Actual results or events may differ from those predicted in these forward-looking statements. All of the Company’s forward-looking statements are qualified by the assumptions that are stated or inherent in such forward-looking statements, including the assumptions listed below. Although the Company believes that these assumptions are reasonable, this list is not exhaustive of factors that may affect any of the forward-looking statements.

Forward-looking statements involve known and unknown risks, future events, conditions, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, prediction, projection, forecast, performance or achievements expressed or implied by the forward-looking statements. All statements that address expectations or projections about the future, including, but not limited to, statements with respect to the terms of the Upsized Offering, the use of proceeds of the Upsized Offering, the timing and ability of the Company to close the Upsized Offering, the timing and ability of the Company to receive necessary regulatory approvals, the tax treatment of the securities issued under the Upsized Offering, the timing for the qualifying expenditures to be incurred and to be renounced in favour of the subscribers, and the plans, operations and prospects of the Company, are forward-looking statements.

In making the forward-looking statements included in this news release, the Company have applied several material assumptions, including that the Upsized Offering will close on the anticipated terms; that the Company will use the net proceeds of the Upsized Offering as anticipated; that the Company will receive all necessary approvals in respect of the Upsized Offering; the Company´s financial condition and development plans do not change because of unforeseen events, and management’s ability to execute its business strategy and no unexpected or adverse regulatory changes with respect to the Company mineral projects, and that the specific proposals to amend the Tax Act publicly announced on March 3, 2025 by the Minister of Energy and Natural Resources on behalf of the Minister of Finance proposing an amendment to extend the mineral exploration tax credit for investors in flow-through shares until March 31, 2027 will be enacted. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of the Company to control or predict, that may cause the Company’s actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein. Although 1911 Gold has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

All forward-looking statements contained in this news release are given as of the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws.

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.

News Provided by GlobeNewswire via QuoteMedia

This post appeared first on investingnews.com