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The Treasury Department announced new sanctions Friday that target seven family members and associates tied to Nicolás Maduro’s regime, which the Trump administration continues to put in its crosshairs.

The action, carried out by the Office of Foreign Assets Control (OFAC), seeks to address corruption and deceptive practices involving the Venezuelan state.

‘Today, Treasury sanctioned individuals who are propping up Nicolás Maduro’s rogue narco-state. We will not allow Venezuela to continue flooding our nation with deadly drugs,’ Secretary of the Treasury Scott Bessent said. 

‘Maduro and his criminal accomplices threaten our hemisphere’s peace and stability. The Trump Administration will continue targeting the networks that prop up his illegitimate dictatorship.’

This builds on sanctions issued earlier this month, with the Treasury now targeting family networks, not just individuals. The Treasury release names the familial networks of Carlos Erik Malpica Flores (Malpica Flores) and Ramon Carretero Napolitano (Ramon Carretero).

The named and sanctioned individuals in the Treasury release include Eloisa Flores de Malpica, Malpica Flores’ mother and the sister of Cilia Flores; Carlos Evelio Malpica Torrealba, his father; Iriamni Malpica Flores, his sister; Damaris del Carmen Hurtado Perez, his wife; and Erica Patricia Malpica Hurtado, his adult daughter.

According to the Treasury Department, sanctions are not meant to punish indefinitely, and OFAC provides a formal process for petitioning removal.

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The Wisconsin Institute for Law and Liberty (WILL), a conservative legal group, is requesting the Trump administration remove race from the Centers for Disease Control and Prevention’s (CDC) ‘Social Vulnerability Index,’ which the groups claim is being used by liberal localities to steer funds to communities based on race.

WILL refers to what has been taking place as ‘DEI redlining’ in its letter to Trump administration officials at the CDC and the Health and Human Services Department (HHS). It says the tool helps localities prioritize Black and Hispanic neighborhoods over White neighborhoods due to racial composition, independent of any other factors, like poverty.  

‘In the name of ‘racial equity,’ local officials prioritize certain geographic areas for public safety, parks improvements, public swimming pool closures, broadband access, safe drinking water, and disaster assistance,’ the letter to HHS Secretary Robert F. Kennedy Jr. and CDC Acting Director Jim O’Neill stated. ‘And these governments point to CDC’s SVI as the reason for their race-based spending.’

Among various examples the group highlights is Milwaukee, Wisconsin’s county parks department, which states on their website that the Milwaukee Parks Foundation ‘works to reduce or eliminate racial disparities through investments and activation of park spaces that rank high on the Milwaukee County Park’s Equity Index.’ 

Meanwhile, an inter-office communication from 2024 obtained by WILL, updating officials on the ‘Parks Equity Index,’ the Milwaukee Parks Foundation points out that ‘the CDC’s Social Vulnerability Index’ is part of its ‘weighted composite data analysis’ meant to help streamline decision-making within the department.         

‘In other words, parks in white neighborhoods are de-prioritized, while parks in non-white neighborhoods are prioritized,’ WILL argues in its letter to HHS and the CDC.

To show the real life consequences of this, the conservative law group pointed to a community pool that has been closed for the past few years in a local town that is 90% White.  According to local media reports, the pool needs about $600,000 in repairs, but WILL said those will likely never come to fruition, since the community ranks low on the parks department’s ‘Racial equity Index.’ 

Milwaukee County Parks Department came out with a study indicating it was considering shutting down the pool or transferring it to be run through a public-private partnership similar to other pools in the area, according to local outlet Urban Milwaukee.

‘According to Milwaukee County, Hales Corners ranks 128 out of 153 parks in Milwaukee County, with a 3 out of 10 score and a 0.33 SVI score. So the kids and families in Hales Corners will lose their swimming pool, which has been a community fixture since 1968, because the residents are too white,’ WILL argued in their letter. ‘Race-based SVI encourages the use of race for its own sake, or at best, as a proxy for other elements already accounted for within the SVI.’

Fox News Digital reached out to the Milwaukee Parks Department for comment but did not receive a response in time for publication.

WILL pointed to numerous examples of case law determining such activities are unconstitutional, including the recent Students for Fair Admission case that resulted in an overhaul of affirmative action rules in higher education. 

Besides Milwaukee, WILL highlighted examples from California’s Community Development Block Program, run by the state’s Department of Housing and Community Development, which the conservative law group alleges is using the CDC’s SVI index to help prepare for, and respond to, natural disasters. Connecticut’s ‘Drinking Water State Revolving Fund,’ which helps maintain public water systems and assigns a ‘Social Vulnerability Index score’ to each project, was listed as well.

Cook County, in Chicago, was also among those listed. Their ‘Comprehensive Broadband Planning Initiative’ says explicitly on its website that it ‘prioritizes communities with the highest Social Vulnerability Index (SVI) in Illinois.’

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It’s not just Minnesota.

The past few weeks have made clear that fraudsters stole billions of dollars from states’ welfare programs, much of it from Medicaid. It also appears that Democratic politicians tolerated the heist for their own political benefit. 

Yet politicians in virtually every state have let waste, fraud and abuse spread like wildfire in Medicaid, putting taxpayers on the hook for an estimated $2 trillion in improper spending over the next decade alone. 

Thankfully, President Donald Trump and congressional Republicans have given states a reason to clean up this mess and spare taxpayers that pain.

In a new paper, I show how Democrats have turned Medicaid into one of the most fraud-ridden programs in America — and how Republicans are fixing it. While Medicaid has long been plagued with improper spending, Democrats supercharged this crisis in the Obama years.

ObamaCare added tens of millions of able-bodied adults to the program, yet that population is much more likely to be ineligible.

The Obama administration refused to rigorously check eligibility, and the Biden administration adopted the same policy, deliberately hiding an explosion in waste, fraud and abuse. Meanwhile, states refused to police their Medicaid programs, confident that the federal government would look the other way and cover the tab.

The first Trump administration found that 27.4% of federal Medicaid spending was improper in 2020, or about $120 billion at the time. The administration also found that four out of every five improper payments were the result of eligibility errors. This money flowed to people who shouldn’t have been on Medicaid and therefore diverted money and care away from its intended recipients. Five years later, it’s highly likely that at least one in five Medicaid dollars is still wrongly spent.

Call this what it is — an assault on taxpayers. It’s also a clear violation of federal law. States are legally required to reimburse the federal government for Washington’s share of Medicaid payments if their improper payment rates are above 3%, a far cry from the 27.4% rate in 2020.

The Trump administration is once again conducting eligibility checks, but even without that info, it’s all but certain that every state already exceeds the 3% threshold. The only reason they’ve avoided a budget blowout is by receiving so-called ‘good faith waivers’ from Washington. Essentially, states have promised that they’ll tackle fraud and abuse, even when they have no intention of doing so.

Republicans called time on this rigged game in the law President Trump signed July 4. They effectively eliminated good-faith waivers and told states that, starting in 2030, they will be forced to cover the federal share of any improper payments above 3%. While five years may seem like an eternity, it’s an acknowledgment that states have a mountain to climb to bring their error rates into the low single digits. 

Consider Ohio. In 2019, it had an improper payment rate of nearly 45%, giving the Buckeye State the worst record in the nation for waste, fraud and abuse. Based on its most recent spending levels, Ohio would be on the hook for $9.7 billion, equal to roughly 15% of its current state budget. Illinois, with a 35.4% rate, would pay $6.4 billion, a tough ask given the state’s famous fiscal woes. Even states with lower improper payment rates, like Pennsylvania, Michigan and Missouri, would still be looking at annual costs of more than $1 or $2 billion.

Without reform, I estimate that states will pay a combined $100 billion in penalties beginning in 2030. Their only hope to avoid this fiscal pain is to immediately start rooting out waste, fraud and abuse. In the state legislative sessions that start in January, lawmakers should focus on several key reforms.

First, stop allowing Medicaid recipients to self-attest their income, address and other personal information. Using the honor system invites abuse.

Second, review recipients’ eligibility at least twice a year for able-bodied adults and once a year for everyone else, thereby removing ineligible individuals early and often.

Third, cross-check Medicaid data with easily accessible information such as wage, hiring and tax records; returned mail and changes of address; out-of-state food stamp transactions; and prison and death records. These basic good government measures can quickly identify people wrongly receiving taxpayer money.

Waiting to tackle Medicaid fraud is the most foolish thing states can do. So is hoping that Democrats get their wish and successfully repeal Republicans’ Medicaid reforms. That won’t happen while Trump is president. And if states wait to see the outcome of the 2028 election, they may be disappointed. At that point, they’d face an even steeper hill with barely a year to get their act together.

There’s no avoiding the reality that Democrats broke Medicaid — in Minnesota and everywhere else — or that Republicans have given states an urgent mandate to finally root out the waste, fraud and abuse.

 Michael Greibrok is a Senior Research Fellow at the Foundation for Government Accountability.

This post appeared first on FOX NEWS

Russian President Vladimir Putin said Friday that Moscow would refrain from launching new attacks on other nations provided his country is treated ‘with respect.’

The Kremlin made the remarks during his annual televised press conference in Moscow as concerns persist among European nations that Russia poses a security threat, Agence France-Presse (AFP) reported.

‘Will there be new special military operations? There will be no operations if you treat us with respect, if you observe our interests, just as we have constantly tried to observe yours,’ Putin said.

Putin uses the phrase ‘special military operation’ to describe Russia’s offensive in Ukraine, according to AFP.

He added there would be no further Russian invasions ‘if you don’t cheat us like you cheated us with NATO’s eastward expansion,’ according to the BBC.

The Russian leader also claimed he was ‘ready and willing’ to end the war in Ukraine ‘peacefully,’ though he offered few details suggesting a willingness to compromise, the BBC reported.

The yearly news conference, which typically runs at least four hours, features questions from reporters and members of the public across Russia. 

More than 2.5 million questions were submitted for this year’s event, which focused heavily on the war in Ukraine, Reuters reported.

Putin also noted during the event that the nation’s ‘troops are advancing’ and expressed confidence that Russia will accomplish its objectives through military means if Ukraine does not assent to Russia’s terms during peace talks, according to The Associated Press.

‘Our troops are advancing all across the line of contact, faster in some areas or slower in some others, but the enemy is retreating in all sectors,’ Putin declared.

As the war drags on, the European Union has just agreed to provide Ukraine with a loan of over $105 billion.

Fox News Digital’s Alex Nitzberg contributed to this report.

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A photo of former President Bill Clinton topless in a dimly lit hot tub with his arms folded behind his head was included in a massive trove of Jeffrey Epstein files released Friday by the Department of Justice (DOJ).

In another photo, Clinton is seen wading in a pool next to Ghislaine Maxwell and a woman whose face was redacted by authorities.

Subsequent photos showed Clinton posing with American pop stars Michael Jackson and Diana Ross and seated on a plane next to a female wearing an American flag pin whose face was redacted.

He was also seen smiling arm-in-arm with the late disgraced financier and convicted sex offender Epstein at what appeared to be a dinner party, wearing a festive shirt.

The locations where the photos were taken were not included, and no context was provided.

White House deputy press secretary Abigail Jackson took to social media Friday afternoon to comment on the never-before-seen photos of the former POTUS.

‘Here is Bill Clinton in a hot tub next to someone whose identity has been redacted. Per the Epstein Files Transparency Act, DOJ was specifically instructed only to redact the faces of victims and/or minors,’ Jackson wrote. ‘Time for the media to start asking real questions.’

Clinton’s deputy chief of staff, Angel Ureña, accused the White House of trying to ‘hide [things] forever,’ in a statement on X, implying President Donald Trump continued a relationship with Epstein after his crimes were revealed.

‘The White House hasn’t been hiding these files for months only to dump them late on a Friday to protect Bill Clinton. This is about shielding themselves from what comes next, or from what they’ll try and hide forever,’ Ureña wrote in the post. ‘So they can release as many grainy 20-plus-year-old photos as they want, but this isn’t about Bill Clinton. Never has, never will be. Even Susie Wiles said Donald Trump was wrong about Bill Clinton.

‘There are two types of people here,’ he continued. ‘The first group knew nothing and cut Epstein off before his crimes came to light. The second group continued relationships with him after. We’re in the first. No amount of stalling by people in the second group will change that. Everyone, especially MAGA, expects answers, not scapegoats.’

The DOJ dumped thousands of documents and hundreds of photos on its website Friday, all supposedly obtained by authorities during investigations into Epstein and Maxwell’s sex trafficking cases. 

Other photos showed interior and exterior views of Epstein’s properties, personal photos of Epstein with various people and heavily redacted potential victim exhibits.

While more than a dozen politically known individuals appeared in the files, Clinton and other notable figures’ inclusion in the files does not necessarily imply wrongdoing.

The document drop was triggered by the Epstein Files Transparency Act, which required the DOJ to make the files public 30 days from its Nov. 19 signing by President Donald Trump.

Some files may be withheld by the DOJ if disclosure would jeopardize an ongoing investigation or prosecution, to safeguard victims’ privacy or to avoid publishing sensitive child sexual abuse material.

Ross’ communications teams did not immediately respond to Fox News Digital’s requests for comment.

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John Feneck, portfolio manager and consultant at Feneck Consulting, shares his thoughts on silver’s price breakout, as well as potential triggers for gold’s next move up.

He also discusses stocks he’s watching in sectors like gold, silver and ‘special situations.’

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

This post appeared first on investingnews.com

The platinum price surged more than 90 percent from Q2 on in 2025, passing US$1,900 per ounce in December.

After silver, platinum was easily the second best-performing metal in terms of price for the year.

Some of its gains were due to strong industrial demand from the automotive sector and emerging clean energy technologies. And as a precious metal, interest rate cuts by the US Federal Reserve have boosted investment demand.

However, the biggest factor moving platinum’s price is the projected supply shortfall of more than 692,000 ounces for the year. Will these trends carry on in to 2026? Read on to learn more about what analysts believe is in the cards.

Automotive sector still leads for platinum demand

The automotive industry is easily the largest demand sector for platinum.

Both platinum and palladium can be used in catalytic converters, which help eliminate toxic emissions from vehicle tailpipe gases. As their prices fluctuate, platinum and palladium tend to be swapped.

Even so, in its latest platinum quarterly, released on November 19 and prepared by Metals Focus, the World Platinum Investment Council (WPIC) is reporting that demand for platinum from the auto sector will drop 3 percent in 2025 to 3.02 million ounces, followed by another 3 percent decline to 2.915 million ounces of the metal in 2026.

This is due in large part to the transition from internal combustion engines to electric vehicles (EVs).

That said, the clean energy transition is happening so slowly that its impact on the platinum market is fairly subdued.

Hydrogen tech a long-term demand growth driver

Platinum is also a necessary material in the production of hydrogen electrolysis and fuel-cell technologies.

“Hybrid vehicles and hydrogen-powered vehicles still require platinum for exhaust treatment systems or fuel cells. WPIC forecasts that by 2029, fuel-cell EVs will account for only about 3 percent of automotive platinum demand; however, this is still considered a positive contribution,” Tran explained via email.

Platinum is a primary catalyst used in proton exchange membrane (PEM) fuel cells and PEM electrolyzers. Both are electrochemical devices that are used for clean energy conversion, but fuel cells use hydrogen to generate electricity, while electrolyzers use electricity to produce hydrogen.

Both PEM fuel cells and electrolyzers “are key technologies in the clean-energy strategies of the United States, Europe, and China. According to estimates from WPIC and the (International Energy Agency), if hydrogen projects progress on schedule, global electrolyser capacity could expand significantly in the second half of this decade, driving platinum demand related to hydrogen higher than current levels,” wrote Tran.

Platinum shines like gold for investors

Even as total demand for platinum is projected to fall by 5 percent to 7.82 million ounces in 2025, according to the WPIC, investment demand for platinum is expected to be up by 6 percent to 742,000 ounces.

Platinum is benefiting from the general trend toward safe-haven investment in precious metals as the Fed reverses its course monetary policy and moves toward lower interest rates.

With the gold price at record highs, investors are seeking out cheaper alternatives translating into rising inflows into platinum exchange-traded funds, and increased purchasing of physical bars and coins.

‘In terms of physical bar and coin demand, this year has been very much characterized by significant strength and demand out of China. So the Chinese market has just been growing basically from more or less zero back in 2019 to becoming the biggest market in the world for platinum investments products,’ said Sterck. ‘I think that momentum is likely to continue, but maybe not at quite the same sort of pace going into 2026.’

However, for 2026, the WPIC sees investment demand falling by 52 percent to 358,000 ounces, dampened by potential profit taking on the part of platinum exchange-traded fund (ETF) holders. Meanwhile, platinum bar and coin demand is expected to remain elevated, posting gains of 37 percent to 462,000 ounces.

Overall, the WPIC is forecasting total platinum demand to drop another 6 percent to 7.385 million ounces in 2026. This is still just slightly below the ten-year average, demonstrating the robust nature of demand for the metal.

Platinum miners still facing obstacles

More than 70 percent of the world’s total platinum mine supply comes from South Africa. The top platinum-mining countries are Zimbabwe (11 percent) and Russia (10 percent). Canada and the US round out the top five, but even together these two North American countries represent a mere 4 percent of global platinum production.

“This concentration makes the platinum market more vulnerable to mining disruptions or geopolitical risks in these countries,” stated Tran. “Throughout most of 2025, the supply and demand landscape for platinum has shifted significantly. Years of low prices placed considerable pressure on the mining sector, forcing companies to cut output, delay investments, or shut down operations with low profit margins. This led to a tightening of supply just as inventories declined after nearly three consecutive years of being drawn down by automakers to cover shortages.”

Refined production is expected to contract by 5 percent this year, at 5.51 million ounces compared to 5.77 million ounces in 2024. Platinum recycling will result in 1.619 million ounces of new supply in 2025, up 7 percent.

As such, platinum supply is forecast to decrease by 2 percent in 2025. According to the WPIC, it will come in at 7.404 million ounces. The organization notes that the resulting demand/supply imbalance is predicted to reach 692,000 ounces in 2025, representing a supply deficit for the third straight year.

“Demand for the metals constantly surpasses the supply. The situation becomes worse due to the tariffs, sanctions and supply disruptions,” said Murillo. While US President Donald Trump’s tariffs present a new wild card for many commodities markets, platinum included, South Africa’s power outages, heavy rain, increased mining costs and declining platinum grades also dragged down production of the metal in 2025.

Platinum market surplus expected in 2026

For 2026, total platinum supply is set to reverse course and grow by 4 percent to 7.4 million ounces.

Although the WPIC has predicted a surplus of 20,000 ounces in 2026, that’s still way below the 1,083 surplus set in 2022 during COVID. Calling the surplus “tiny”, Sterck emphasized that this forecast is highly predicated on a number of factors, namely assumed profit-taking in ETFs, CME inventories and entrenched structural supply challenges.

“If you look at our numbers, we’re expecting 170,000 ounces of profit taking from ETFs in 2026, which is obviously going to be contingent in itself on a high platinum price. I would say that there is probably a bit of a risk associated with that outlook,” he said. “The second area where the surplus of 20,000 ounces is contingent on is on 150,000 ounces flowing out of CME exchange stock inventories and being made available to the market.”

Sterck explained that if these two assumed events do not materialize in 2026, then the platinum market will remain in “a quite substantial deficit of approaching 400,000 ounces.’

He also pointed out that higher platinum prices will not necessarily solve the issues that led to a shortage of above ground platinum stocks and a deep deficit for the past three years.

“The main thing we’re dealing with here is that these are deep level, underground mines for the most part, and they’re not mines that you can flex output from rapidly,” said Sterck.

“Realistically, mine supply is likely to be at or around current levels for the foreseeable future.”

Platinum price forecast for 2026

Moving into 2026, some of the most consequential trends that could shape platinum prices include a shifting landscape for investment demand, continued mine supply constraints, and an economic slowdown.

“Altogether, high demand and supply deficit with international logistics problems make these metal prices go up. Both platinum and palladium were peaking throughout this year, reaching around US$1,700 per ounce. It’s important to understand that the supply deficit problem will not be solved overnight,” said B2Broker’s Murillo.

“So in 2026, the same situation might persist, and the prices will remain elevated at US$1,550 to US$1,670. If more supply shocks happen, they could even move up to US$2,340, but less likely.’

If safe-haven investment demand for alternatives to gold continues alongside persistent supply challenges in platinum, XS.com’s Tran sees platinum maintaining the US$1,800 per ounce range for 2026 with room to grow.

“In the medium term, the scenario of extending the rally toward around US$2,000 per ounce remains feasible, especially if the Fed maintains a dovish trajectory, capital flows continue rotating into metals beyond gold, and supply from South Africa does not recover more strongly than expected,” said Tran.

The expert cautioned that with platinum trading at multi-year highs and the market’s vulnerability to global economic fluctuations there is just as much potential for technical pullbacks.

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

This post appeared first on investingnews.com

Denison Mines (TSX:DML,NYSEAMERICAN:DNN) has closed a previously announced deal with Skyharbour Resources (TSXV:SYH,OTCQX:SYHBF) that repurposes a large block of uranium exploration ground surrounding Denison’s flagship Wheeler River project in Northern Saskatchewan.

The recent transaction formalizes the division of Skyharbour’s former Russell Lake uranium project into four separate joint ventures positioned directly adjacent to, or proximal to, Wheeler River.

The structure is intended to promote closer technical collaboration between the two companies while advancing exploration across claims that sit along the same geological corridors as Denison’s advanced-stage development assets.

Under the new arrangements, Denison will operate the Wheeler North and Wheeler River Inliers joint ventures, holding ownership interests of 49 percent and 70 percent, respectively.

Skyharbour will operate the Russell Lake and Getty East joint ventures, in which Denison holds respective minority interests of 20 percent and 30 percent. In addition, Denison has secured earn-in option agreements that allow it to increase its ownership in both Wheeler North and Getty East to as much as 70 percent, subject to future conditions.

The claims involved were previously consolidated under Skyharbour’s Russell Lake project, which borders Denison’s Wheeler River property. The deal strengthens Denison’s already-dominant position around Wheeler River, which is the largest undeveloped uranium project in the infrastructure-rich Eastern Athabasca Basin.

Denison holds an effective 95 percent interest in Wheeler River, which hosts the Phoenix and Gryphon deposits.

A feasibility study completed in 2023 outlines Phoenix as an in-situ recovery operation, while an updated study for Gryphon evaluates conventional underground mining.

Both deposits are expected to rank among the lowest-cost uranium operations globally, based on those studies.

Regulatory momentum continues to move forward at Wheeler River.

The project’s environmental assessment received provincial approval from Saskatchewan in July 2025, and federal review has advanced with the conclusion of the Canadian Nuclear Safety Commission’s public hearing in December.

Beyond Wheeler River, Denison maintains a broad portfolio across the Athabasca Basin, including interests in the McClean Lake joint venture, as well as stakes in the Midwest, Tthe Heldeth Túé and Huskie deposits.

For Skyharbour, the transaction allows it to remain an active operator on key exploration assets near Wheeler River while continuing to advance its broader Athabasca Basin portfolio.

Skyharbour holds interests in 37 uranium projects covering more than 616,000 hectares, including the Moore uranium project, located east of Wheeler River, and the remaining Russell Lake ground now organized under joint venture structures.

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

This post appeared first on investingnews.com

(TheNewswire)

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES

 

Vancouver, B.C. December 19, 2025 TheNewswire – Armory Mining Corp. (CSE: ARMY) (OTC: RMRYF) (FRA: 2JS) (the ‘Company’ or ‘Armory’) a resource exploration company focused on the discovery and development of minerals critical to the energy, security and defense sectors, is pleased to announce that it has closed its previously announced non-brokered private placement offering by issuing 9,523,643 flow-through units (the ‘FT Units’) at a price of $0.07 per FT Unit for gross proceeds of $666,655.01 (the ‘Offering’).

 

Each FT Unit consists of one common share of the Company to be issued as a ‘flow-through share’ as defined in subsection 66(15) of the Income Tax Act (Canada) (the ‘Tax Act‘) and one-half of one transferable common share purchase warrant (each whole warrant, a ‘Warrant‘). Each Warrant entitles the holder to purchase one additional non-flow-through common share of the Company at a price of $0.09 per common share until December 19, 2028.

 

The proceeds raised from the Offering will be used to incur ‘Canadian exploration expenses’ as defined in subsection 66.1(6) of the Tax Act at the Ammo project located in Nova Scotia.

 

In connection with the Offering, the Company paid aggregate finder’s fees of $53,122.40 and issued an aggregate of 758,891 finder’s warrants to eligible finders. Each finder’s warrant entitles the holder to purchase one additional non-flow-through common share of the Company at exercise prices of $0.07 and $0.09 per common share until December 19, 2028. The Company also paid a corporate finance fee of $2,500 plus tax.

 

All securities issued under the Offering are subject to a four month hold period expiring April 20, 2026, in accordance with applicable Canadian securities laws.  

 

About Armory Mining Corp

 

Armory Mining Corp. is a Canadian exploration company focused on minerals critical to the energy, security and defense sectors. The Company controls a 100% interest in the Ammo antimony-gold project located in Nova Scotia; an 80% interest in the Candela II lithium brine project located in the Incahuasi Salar, Salta Province, Argentina; and an option to acquire a 100% interest in the Riley Creek antimony-gold project located in Haida Gwaii, British Columbia.

 

Contact Information

 

Alex Klenman – CEO

alex@armorymining.com

 

Neither the Canadian Securities Exchange nor its Market Regulator (as the term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy of accuracy of this news release.

 

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the Company’s securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The Company’s securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the ‘1933 Act‘) or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.

 

Forward Looking Statements

 

This press release contains certain forward-looking statements, including statements regarding the intended use of funds. The words ‘expects,’ ‘anticipates,’ ‘believes,’ ‘intends,’ ‘plans,’ ‘will,’ ‘may,’ and similar expressions are intended to identify forward-looking statements. Although the Company believes that its expectations as reflected in these forward-looking statements are reasonable, such statements involve risks and uncertainties. Actual results may differ materially from those expressed or implied in these statements due to various factors, including, but not limited to, political and regulatory risks in Canada, operational and exploration risks, market conditions, and the availability of financing. Readers are cautioned not to place undue reliance on forward-looking statements, which are made as of the date of this release. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by applicable securities laws.

   

Copyright (c) 2025 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

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Here’s a quick recap of the crypto landscape for Friday (December 19) as of 9:00 pm 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$88,004.97, up by 3.6 percent over 24 hours.

Bitcoin price performance, December 19, 2025.

Chart via TradingView

Ether (ETH) was priced at US$2,991.30, up by 7.2 percent over the last 24 hours.

Altcoin price update

  • XRP (XRP) was priced at US$1.91, up by 5.7 percent over 24 hours.
  • Solana (SOL) was trading at US$126.85, up by 7.6 percent over 24 hours.

Today’s crypto news to know

MetaPlanet’s US expansion and OTC trading debut

American Depositary Receipts (ADRs) of BTC treasury company Metaplanet (TSE:3350,OTCQX:MPJPY) began trading today on the US OTC market under the ticker symbol MPJPY, replacing the previously unsponsored MTPLF ticker, according to an announcement from the company.

This step builds on earlier US expansions. The company, which is based in Tokyo, established a wholly-owned subsidiary called Metaplanet Treasury in Miami, Florida, in May 2025 to handle BTC accumulation and treasury operations with up to US$250 million in capital.

The launch is intended to enhance US investor participation in MetaPlanet’s BTC strategy.

Poland’s parliament approves MiCO-aligned crypto bill over veto

Poland’s lower house of parliament, called the Sejm, approved a crypto-asset market bill today, overriding President Karol Nawrocki’s prior veto. It now heads to the Senate for review, where it potentially faces another veto.

President Nawrocki vetoed the bill earlier in December, citing threats to civil liberties like easy website blocks. Prime Minister Donald Tusk’s government resubmitted the bill, unchanged. It passed with 241 votes.

The bill aligns Poland with the EU’s MiCA regulation by designating the Financial Supervision Authority (KNF) to oversee crypto exchanges, impose sanctions, and introduce criminal liability for offenses.

US Senate confirms Mike Selig as CFTC Chair

The US Senate has confirmed Mike Selig as the next chair of the Commodity Futures Trading Commission (CFTC), bringing permanent leadership back to an agency that has operated for months in near-limbo.

Selig’s confirmation passed 53–43 as part of a broader package of federal appointments. The CFTC had been functioning with a single commissioner, Acting Chair Caroline Pham, after multiple resignations hollowed out the five-member panel.

While Pham kept the agency operational, the lack of a Senate-confirmed chair constrained long-term planning, staffing, and coordination with other regulators.

That gap was especially acute as lawmakers debated expanding the CFTC’s role in overseeing spot crypto markets.

CLARITY Act heads for Senate markup in January

The Digital Asset Market Clarity Act is set to enter Senate markup in January, according to White House crypto and AI adviser David Sacks, putting the bill on a formal path toward passage.

‘We had a great call today with Chairmen @SenatorTimScott and @JohnBoozman who confirmed that a markup for Clarity is coming in January. Thanks to their leadership, as well as @RepFrenchHill and @CongressmanGT in the House, we are closer than ever to passing the landmark crypto market structure legislation that President Trump has called for,’ Sacks posted on X. ‘We look forward to finishing the job in January!’

Senate Banking Chair Tim Scott and Agriculture Chair John Boozman have agreed on the timeline. The bill, which cleared the House earlier this year, aims to settle long-running jurisdiction disputes by spelling out when a token is a security versus a commodity.

Lawmakers are expected to focus amendments on asset classification tests, investor protection standards, and how quickly platforms must register under the new regime.

Another key issue will be how the SEC and CFTC coordinate oversight during the transition period.

If the schedule holds, Congress could finalize a reconciled version later during the year.

Bybit re-enters UK Market via FCA-approved promotion route

Crypto exchange Bybit has resumed operations in the UK after a two-year absence triggered by tighter rules on crypto marketing and promotions.

The platform has restarted spot trading with 100 pairs, using a compliance structure designed to meet the Financial Conduct Authority’s (FCA) financial promotion standards.

Rather than holding its own UK authorization, Bybit is operating under an arrangement with London-based exchange Archax, which is licensed to approve crypto promotions for unauthorised firms.

This route has previously been used by other major exchanges seeking access to British users.

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

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

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