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The leader of the House GOP’s largest caucus is rolling out a plan to scale back Obamacare while giving Americans the option to open new health savings accounts (HSAs) named after President Donald Trump.

Republican Study Committee Chairman August Pfluger, R-Texas, is filing legislation on Monday called ‘The More Affordable Care Act,’ he told Fox News Digital.

States would be allowed to opt out of major facets of Obamacare, formally called the Affordable Care Act (ACA), provided they had other systems in place for ensuring premiums were not hiked for high-risk patient pools. 

Those ‘waiver states’ would then be allowed to either run their own healthcare exchange platforms or oversee private company-run platforms, which Republicans argue will allow more choice in the healthcare marketplace in addition to the federal government’s options.

Federal dollars that currently go toward lowering the cost of insurance premiums in those states would be rerouted into personal HSAs for eligible enrollees called ‘Trump Health Freedom Accounts.’

The bill would also allow Americans to shop across state lines for healthcare plans, with any healthcare program run under a ‘waiver state’ needing to be easily available to people in other ‘waiver states.’

Rather than doing away with Obamacare altogether — something many GOP lawmakers have acknowledged may be an impossible task — the bill would seek to increase competition for people where the federal option is the only choice.

The legislation’s introduction comes as Republican lawmakers are scrambling for a solution to address rising healthcare premium prices, which could see millions of Americans pay significantly more for healthcare starting next year.

One of the most high-profile factors in that price cliff is Obamacare subsidies that were enhanced during the COVID-19 pandemic, but which are set to expire at the end of this year.

The majority of Republicans are opposed to extending those enhancements, arguing the COVID-era program only helped fuel skyrocketing health costs without addressing the core problem.

But Democrats and some moderate Republicans have viewed an extension as a key way to prevent healthcare from becoming unaffordable for millions of people.

House GOP leaders are working on a healthcare package that Speaker Mike Johnson, R-La., has said could get a vote by the end of this month.

It’s not clear if Pfluger’s bill will be included in that package. But as the head of the House GOP’s de facto conservative think tank, he’s played a key role in advising Republican leadership in crafting their reforms.

A source familiar told Fox News Digital that they anticipated ‘significant interest’ from other House Republicans once the bill is introduced on Monday.

Meanwhile, Pfluger told Fox News Digital, ‘By establishing Health Freedom Accounts, we’re putting healthcare decisions back where they belong: in the hands of American families, not Washington bureaucrats. The American people deserve better than throwing more money at a failed system, and we’re delivering the commonsense solutions they expect.’

His bill is the House counterpart to legislation previously introduced by Sen. Rick Scott, R-Fla., in Congress’ upper chamber.

Scott told Fox News Digital, ‘We don’t have to replace Obamacare, we keep exchanges, we keep protections for preexisting conditions – but we can add options for families, allowing them to shop across state lines, increasing transparency in health care, and giving any financial support to them directly through HSA-style Trump Health Freedom Accounts, so families can choose the care that fits their needs.’

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The Senate is gearing up for a vote on extending expiring Obamacare premium subsidies, but a tense debate over restrictions on taxpayer-funded abortions is proving a major roadblock on the path to a bipartisan healthcare solution. 

Broadly, lawmakers in the upper chamber do not want to see the subsidies expire by the end of the year, given the political ramifications and expected leaps in healthcare premiums that would come should they lapse. 

But Republicans demand that Hyde Amendment protections, which prevent taxpayer dollars from funding abortions, be added to an extension of the subsidies. Senate Democrats view that as a non-starter. 

‘It’s a sticky situation,’ Sen. Gary Peters, D-Mich., told Fox News Digital.

The Hyde Amendment was first enacted in 1976, and has routinely been added to funding bills in the years since to ensure that federal dollars don’t prop up abortions. The issue has become a political third rail in the ongoing healthcare debate. 

Senate Majority Leader John Thune, R-S.D., acknowledged that it was a tricky situation and how difficult carving a path forward on extending the subsidies would be. 

‘Well, I think dealing with Hyde is a big issue,’ Thune said. ‘And so, obviously, for both sides we’ll have to figure out how to make that work, and we’ll see on that. I don’t know the answer.’

The Senate is set to vote on Senate Democrats’ subsidy proposal next week, which comes after Thune’s guarantee that there would be a vote in his bid to end the government shutdown last month. 

Senate Minority Leader Chuck Schumer, D-N.Y., unveiled Democrats’ proposal on Thursday, which would largely be a clean extension of the subsidies for three years. Republicans have panned it as unserious, and the legislation is expected to fail. 

‘Republicans have spent more time kicking low-income people off health insurance and raising costs for those who stay covered, than on doing anything to lower premiums,’ Schumer said. ‘They’ve riddled their plan with poison pills that would ban abortion nationwide.’

Sen. Mike Rounds, R-S.D., told Fox News Digital that the underlying framework of Obamacare comports with Hyde Amendment restrictions but that Democrats were insisting that the enhanced premium subsidies, which were passed during the COVID-19 pandemic under former President Joe Biden, not be covered by the abortion language, 

‘We have never, ever agreed to taxpayer funding of abortions in the Republican Party. We’re not going to start now, and they know that,’ he said. ‘So it may very well be, unfortunately, that that might be their reason for not wanting to do anything on health care because they think it’s a really good midterm election issue.’ 

Key negotiators that helped end the shutdown on both sides of the aisle are still trying to find a bipartisan solution, but talks have virtually ground to a halt over issues with the Hyde Amendment protections.

Sen. Angus King, I-Maine, was one of the Senate Democratic caucus members that crossed the aisle to end the shutdown. He told Fox News Digital he wouldn’t comment on the Hyde Amendment back and forth, but he cast a grim outlook on how bipartisan talks were going. 

‘I don’t know if progressing is a word I would use,’ King said. ‘I would say that they are ongoing, and we’ll see if we can find some resolution.’ 

The Obamacare subsidies were a driving force behind Senate Democrats’ shutdown posture, and with the public unveiling of their proposal, it has some Senate Republicans wondering what the government shutdown was even for.

Sen. Katie Britt, R-Ala, who was one of main figures in building a bipartisan bridge to reopen the government, told Fox News Digital that it was clear Schumer wanted to use healthcare as a ‘political issue in an election.’  

‘Looking at it that way, I mean that you would care more about making sure that taxpayers have to fund abortions than you do about these subsidies shows you their priorities are clearly, in my opinion, out of whack,’ Britt said.

For now, the only option on the table is Democrats’ proposal. Republicans are still trying to land on what exactly they want to do with the Obamacare issue. Funneling subsidy money into Healthcare Savings Accounts rather than to insurance companies has become a strong contender, but Senate Republicans still haven’t made their play call. 

‘I think that, my assumption is, if this is what they’re going to do next week, when it fails, then we will have a serious conversation about a real solution,’ Thune told Fox News Digital. ‘We haven’t decided yet exactly what we’re going to do, but what that signals though, evidences, is they’re just not serious.’

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The Trump administration is being urged to go on offense and make sure the next United Nations chief is aligned with U.S. and Western values and doesn’t kowtow to what critics say is an ever increasingly anti-American institution.

U.N. Secretary-General António Guterres’ tenure is set to end on Dec. 31, 2026. The former socialist prime minister of Portugal’s tenure has been beset with major wars and crises that have led to accusations of bias against him, especially when it comes to Israel. 

Experts agree the Trump administration needs to keep a close handle on who is best to serve the interests of the U.S.

Anne Bayefsky, director, Touro Institute on Human Rights and the Holocaust & president, Human Rights Voices, told Fox News Digital, ‘As long as the United States continues to make the mistake of being the largest bankroller of the United Nations, and in keeping U.N. headquarters (some call a fifth column) a stone’s throw from our financial capital, it ought to care deeply about who leads the organization.’

Jonathan Wachtel, a former director of communications and a senior policy advisor at the United States Mission to the United Nations to U.S. ambassadors Nikki Haley and Kelly Craft, said that, ‘Since its inception, the United Nations has been a frontline of the Cold War, and today it is increasingly a frontline of hostility toward the United States.’ 

‘As the Security Council prepares for its mid‑2026 straw polls, we face the stark reality that Russia and China can veto any candidate who reflects our values, even as they work to undermine U.S. foreign policy and erode Western principles. The next secretary‑general must… be a leader with backbone and conviction to champion the ideals on which the U.N. was founded and the United States has long stood — life, liberty, and the pursuit of happiness for as many people as possible,’ he said.

With just over a year to go for the selection process, member states have begun to nominate candidates that best fit their national interests. 

Brett Schaefer, a senior fellow at the American Enterprise Institute, told Fox News Digital that of the candidates named thus far, few would be considered acceptable to the U.S. ‘The announced and rumored candidates… are for the most part either U.N. insiders or on the left side of the political spectrum,’ Schaefer said. ‘It’s hard to say that the U.S. would be willing to support any of them at the current stage.’

As the electioneering gets underway, Hugh Dugan, former National Security Council Special Assistant to the President and Senior Director for International Organization Affairs, told Fox News Digital that, ‘After campaigns and a series of straw pulls and eliminations of candidates, members of the Security Council will present the U.N. General Assembly with a preferred candidate for their formal acceptance late next year.’

Dugan said that custom would indicate that the next secretary-general should come from Latin America. He also emphasized that there is an appetite to appoint a woman candidate after 15 years of calls for a female Secretary-General.

‘If they really are to take the helm of a suffering, more or less irrelevant, and unmanageable organization like this, they’re going to have to show up as managers,’ Dugan said.

In the midst of the election’s ‘three-ring circus,’ he said there are six candidates who have officially been named and an additional eight who are considered possible contenders for the role.

Declared Candidates:

Seemingly the most palatable candidate for the U.S. of those declared is the current head of the International Atomic Energy Agency, Rafael Grossi of Argentina. An Argentine diplomat, Grossi has been dealing with Iran’s ambition to develop nuclear weapons while also working to prevent a nuclear disaster in Russia’s war against Ukraine. Schaefer says that Grossi is ‘probably the most acceptable among the candidates that have been listed so far’ given the ‘great deal of courage’ he has shown in his role at the IAEA.

Others include: Former Bolivian Vice President David Choquehuanca. A member of the Movement for Socialism. Choquehuanca once expressed his disdain for Western thinking after his election as Bolivia’s foreign minister. 

Former Chilean President Michelle Bachelet was the U.N. High Commissioner for Human Rights between 2018 and 2022. U.N. Watch said that in this role, Bachelet often condemned Israel and the U.S. but ‘turned a blind eye to widespread violations by China, Turkey, North Korea, Cuba, Eritrea,’ and others.

According to Schaefer, it is ‘extraordinarily unlikely that [Bachelet] would receive support from the U.S.’ given her political leanings and her ‘remarkable lack of bravery in the conduct of her position as the high commissioner for human rights.’

Former Vice President of Costa Rica Rebeca Grynspan, who headed the U.N. Conference on Trade and Development (UNCTAD.) Grynspan had recommended regulation as a means ‘to address the deepening asymmetries’ of international finance.

Schaefer said Grynspan would not ‘be an ideal candidate from a U.S. perspective,’ as her 30-year U.N. career makes her a ‘consummate insider’ who would likely be unwilling ‘to shake up the system.’

The field is rounded up by two outside candidates, Colombe Cahen-Salvador, a left-wing political activist and co-founder of the Atlas Movement, and Bruno Donat, a joint Mauritius-U.S. citizen and official at U.N. Mine Action Service.

Possible Candidates

Though they have not been officially named by a member state, Dugan listed several other officials that are likely to be nominated in the coming months. Many come from the left of the political aisle, and are unlikely to get the backing of the Trump administration. 

Jacinda Ardern, a former prime minister of New Zealand, who resigned from the role but is considered ‘a global icon of the left.’ Schaefer noted that Ardern’s prior resignation is not ‘a ringing endorsement’ of her capability to take on the demanding role of secretary-general.

Mexico’s former top diplomat, Alicia Bárcena, has 14 years of experience as the head of the U.N.’s Economic Commission for Latin America and the Caribbean. She is presently the secretary of environment and natural resources. 

Other names include: María Fernanda Espinosa formerly defense and foreign minister of Ecuador, Nigeria’s Amina Mohammed, U.N. deputy secretary‑general, Kristalina Georgieva, managing director of the International Monetary Fund since 2019 of Bulgaria, and former head of the U.N. Development Programme Achim Steiner of Germany.

Bayefsky said that, ‘A long list of anti-American secretaries-general, topped off by the profoundly hostile Antonio Guterres, have done enormous damage to America’s international relations, fueled antisemitism on a global scale, and gravely diminished global peace and security. We take a back seat in this election at our peril.’

This post appeared first on FOX NEWS

The Federal Aviation Administration this week told airlines it will investigate whether they complied with orders from the Trump administration during the record-long government shutdown to cut flights.

The orders came in November after the shutdown had been going for a month and airports were facing shortages of air traffic control workers.

The emergency order affected 40 major airports in the U.S. and fluctuated between cuts of 3% to 6% for each airline before the shutdown ended on Nov. 12.

In a letter sent Monday to U.S. airlines, the FAA warned that they could face $75,000 fines for each flight over the allotted limit during the shutdown.

Airlines have 30 days to prove they complied with the required cuts.

Air traffic controllers, like most other government workers, weren’t paid during the 43-day shutdown, and many missed work, sparking safety concerns.

The FAA lifted the restrictions Nov. 16, four days after the shutdown ended.

Despite the shutdown still being in effect Nov. 14 — when 6% flight cuts were required — only 2% of flights were actually cut, according to Cirium, a flight analytics firm.

The cuts also had a major financial impact on airlines, with Delta reporting that it lost $200 million between Nov. 7 and Nov. 16 when the order was in effect.

More than 10,000 flights were canceled in the U.S. during the nine-day period.

The Associated Press contributed to this report. 

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President Donald Trump ordered a sweeping federal review of every childhood vaccine recommendation in the United States Friday, just hours after a CDC advisory committee voted to end its long-standing guidance for infants to receive the hepatitis B vaccine at birth, calling the rule unnecessary for healthy newborns.

‘Today, the CDC Vaccine Committee made a very good decision to END their Hepatitis B Vaccine Recommendation for babies, the vast majority of whom are at NO RISK of Hepatitis B, a disease that is mostly transmitted sexually, or through dirty needles,’ Trump wrote.

The president also critiqued what he sees as a vaccine schedule that requires ‘far more than is necessary.’

‘The American Childhood Vaccine Schedule long required 72 ‘jabs,’ for perfectly healthy babies, far more than any other Country in the World, and far more than is necessary,’ the president added. ‘In fact, it is ridiculous! Many parents and scientists have been questioning the efficacy of this ‘schedule,’ as have I!’

Trump announced he signed a memo directing HHS to ‘fast track’ the current American vaccine schedule.

‘I have just signed a Presidential Memorandum directing the Department of Health and Human Services to ‘FAST TRACK’ a comprehensive evaluation of Vaccine Schedules from other Countries around the World, and better align the U.S. Vaccine Schedule, so it is finally rooted in the Gold Standard of Science and COMMON SENSE!’ Trump wrote.

Trump closed his message by reiterating his support for his HHS Secretary, Robert F. Kennedy Jr., writing, ‘I am fully confident Secretary Robert F. Kennedy, Jr., and the CDC, will get this done, quickly and correctly, for our Nation’s Children.’

The White House did not immediately respond to Fox News Digital’s request for comment.

This is a developing story, check back later for updates.
 

This post appeared first on FOX NEWS

We also break down next week’s catalysts to watch to help you prepare for the week ahead.

In this article:

    This week’s tech sector performance

    Major US equity indexes opened the month lower on Monday (December 1), with Big Tech and crypto‑linked stocks under pressure after Bank of Japan Governor Kazuo Ueda spoke to business leaders in Nagoya.

    During his speech, Ueda said the BoJ will weigh “pros and cons” of a rate hike at its December 18-19 meeting, fueling yen carry trade fears. The unwind echoed August 2024 volatility but stayed contained.

    By Tuesday (December 2), large indexes had stabilized and moved higher, helped by ongoing enthusiasm for AI infrastructure names after MongoDB (NASDAQ:MDB) reported its third quarter revenue after hours on Monday, beating estimates and igniting a rally for cloud and software companies.

    Major indices closed higher, and markets pushed further up on Wednesday (December 3) on weak ADP jobs data, boosting Fed cut odds to 85 percent; however, AI demand doubts surfaced amid reported high-bandwidth memory shortages.

    On Thursday (December 4), the S&P 500 (INDEXSP:.INX) ticked up slightly premarket, then flattened, while the Nasdaq Composite (INDEXNASDAQ:.IXIC) dipped amid yield pressure.

    Tech weakened as investors took profits before rotating into small caps.

    The week culminated with the S&P 500 closing near record levels on Friday (December 5), while the Nasdaq also notched gains after a week of volatility and leading up to next week’s Federal Reserve meeting.

    3 tech stocks moving markets this week

    1. MongoDB (NASDAQ:MDB)

    MongoDB, a database company, surged after-hours on Monday after Q3 earnings beat estimates.

    The company reported US$628 million in revenue, far past expectations of US$594. Earnings per share came in at US$1.32, blowing past expectations of US$0.79. Revenue for Atlas, MongoDB’s fully managed cloud database service, grew by 30 percent from last year’s report, driven by AI workloads.

    The company raised its 2026 fiscal year guidance, sparking a rally that extended into Tuesday’s trading day, lifting cloud peers such as Snowflake (NYSE:SNOW) and Datadog, as well as enterprise software like Oracle (NYSE:ORCL) and ServiceNow (NYSE:NOW).

    2. Marvell Technology (NASDAQ:MRVL)

    Marvell Technology announced plans to acqure optical chip startup Celestial AI for US$3.25 billion in a mix of cash and stock on Wednesday, sending its shares up by over 10 percent.

    The company plans to harness Celestial’s Photonic Fabric to accelerate photonics tech for AI data centers.

    “The acquisition of Celestial AI is a transformative step in Marvell’s evolution and expands our leadership in AI connectivity, as scale-up becomes the next frontier in AI infrastructure,” said Matt Murphy, Chair and CEO of Marvell. “This builds on our technology leadership, broadens our addressable market in scale-up connectivity, and accelerates our roadmap to deliver the industry’s most complete connectivity platform for AI and cloud customers.”

    After the announcement, Roth Capital Markets analyst Suji Desilv raised his price target for Marvell to US$135 from US$150, reiterating a “buy” rating.

    3. Salesforce (NYSE:CRM)

    Shares of Salesforce jumped over eight percent postmarket on Wednesday after the company reported a strong performance in Q3 that surpassed analyst expectations. Revenue rose 9 percent year-on-year to US$10.3 billion, meeting estimates, while EPS of US$3.25 surpassed expectations of US$2.41.

    The company’s AI agent platform, Agentforce, exploded with nearly US$1.4 billion in combined Agentforce/Data 360 bookings growth, up 114 percent YoY. Further fueling positive investor sentiment, the company raised FY26 revenue guidance to between US$41.45 and US$41.55 billion, reaffirming its +US$60 billion revenue target by FY30.

    Salesforce, MongoDB and Marvell performance, December 1 to 5, 2025.

    Chart via Google Finance.

    Top tech news of the week

          Tech ETF performance

          Tech exchange-traded funds (ETFs) track baskets of major tech stocks, meaning their performance helps investors gauge the overall performance of the niches they cover.

          This week, the iShares Semiconductor ETF (NASDAQ:SOXX) advanced by 5.59 percent, while the Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) saw a weekly gain of 5.36 percent.

          The VanEck Semiconductor ETF (NASDAQ:SMH) increased by 4.38 percent.

          Tech news to watch next week

          Investors will be watching for signals ahead of the Federal Reserve’s rate decision on December 18. As of Friday afternoon, the market had priced in a rate cut at odds of over 90 percent.

          Growth stocks could sell off hard next week if a cut is delayed.

          The Bank of Japan’s interest rate decision on December 19 is another key event. A rate hike could trigger an unwind of the yen carry trade, potentially causing another dip in tech stocks.

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

          This post appeared first on investingnews.com

          Skyharbour Resources Ltd . (TSX-V: SYH ) (OTCQX: SYHBF ) (Frankfurt: SC1P ) (the ‘ Company ‘) is pleased to announce that it has closed a non-brokered private placement (the ‘Private Placement’) financing for total gross proceeds of CAD $2,103,898.94. The Private Placement was mostly subscribed for by several strategic institutional investors. The funds will be applied towards the Company’s upcoming 2026 exploration campaign including exploration and drilling at its co-flagship Russell (‘RL’) and Moore Lake Uranium Projects.

          The Company has allotted and issued 5,069,636 flow-through shares (the ‘FT Shares’) at a price of CAD $0.415 per FT Share. The FT Shares as defined in subsection 66(15) of the Income Tax Act ( Canada ) (‘ITA’) as presently constituted, shall qualify for the federal 30% Critical Mineral Exploration Tax Credit, as defined in subsection 127(9) of the Income Tax Act (Canada).

          Pursuant to the Private Placement, the Company has paid cash finder’s fees of CAD $120,008.94 to an arm’s-length party. The Private Placement is subject to final TSX Venture Exchange approval and all securities issued are subject to a four-month-and-one-day hold period.

          One director, as an insider of Skyharbour, has subscribed for an aggregate 250,000 Shares for gross proceeds of $103,750. The issuance of the Shares to the insider is considered a related party transaction subject to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (‘MI 61-101’). The Company intends to rely on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a) and 5.7(a) of MI 61-101 on the basis that the participation by the insider will not exceed 25% of the fair market value of the Company’s market capitalization.

          This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities 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 U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

          About Skyharbour Resources Ltd.:

          Skyharbour holds an extensive portfolio of uranium exploration projects in Canada’s Athabasca Basin and is well positioned to benefit from improving uranium market fundamentals with interest in thirty-seven projects covering over 616,000 hectares (over 1.5 million acres) of land. Skyharbour has acquired from Denison Mines, a large strategic shareholder of the Company, a 100% interest in the Moore Uranium Project, which is located 15 kilometres east of Denison’s Wheeler River project and 39 kilometres south of Cameco’s McArthur River uranium mine. Moore is an advanced-stage uranium exploration property with high-grade uranium mineralization in several zones at the Maverick Corridor. Adjacent to the Moore Project is the Russell Lake Uranium Project, which hosts widespread uranium mineralization in drill intercepts over a large property area with exploration upside potential. The Company is actively advancing these projects through exploration and drilling programs.

          Skyharbour also has joint ventures with industry leaders Denison Mines, Orano Canada Inc., Azincourt Energy, and Thunderbird Resources at the Russell, Preston, East Preston, and Hook Lake Projects, respectively. The Company also has several active earn-in option partners, including CSE-listed Basin Uranium Corp. at the Mann Lake Uranium Project; TSX-V listed North Shore Uranium at the Falcon Project; UraEx Resources at the South Dufferin and Bolt Projects; Hatchet Uranium at the Highway Project; CSE-listed Mustang Energy at the 914W Project; and TSX-V listed Terra Clean Energy at the South Falcon East Project.

          In aggregate, Skyharbour has now signed earn-in option agreements with partners that total to potentially over $76 million in partner-funded exploration expenditures and over $42 million in cash and share payments coming into Skyharbour, assuming that these partner companies complete their entire earn-ins at the respective projects.

          Skyharbour’s goal is to maximize shareholder value through new mineral discoveries, committed long-term partnerships, and the advancement of exploration projects in geopolitically favourable jurisdictions.

          Skyharbour’s Uranium Project Map in the Athabasca Basin:
          http://www.skyharbourltd.com/_resources/images/SKY-SaskProject-Locator-2025-11-14-Updated.jpg

          To find out more about Skyharbour Resources Ltd. (TSX-V: SYH) visit the Company’s website at www.skyharbourltd.com .

          Skyharbour Resources Ltd.

          ‘Jordan Trimble’

          Jordan Trimble
          President and CEO

          For further information contact myself or:
          Nicholas Coltura
          Corporate Communications Manager
          Skyharbour Resources Ltd.
          Telephone: 604-558-5847
          Toll Free: 800-567-8181
          Facsimile: 604-687-3119
          Email: info@skyharbourltd.com

          NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

          This release includes certain statements that may be deemed to be ‘forward-looking statements’. All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, exploration and development successes, regulatory approvals including TSXV approval, and general economic, market or business conditions. Please see the public filings of the Company at www.sedarplus.ca for further information.

          News Provided by GlobeNewswire via QuoteMedia

          This post appeared first on investingnews.com

          TORONTO, ON / ACCESS Newswire / December 5, 2025 / 55 North Mining Inc. (CSE:FFF,OTC:FFFNF)(FSE:6YF) (‘55 North‘ or the ‘Company‘) is pleased to announce that it has closed the final tranche of its previously announced non-brokered private placement financing (the ‘Offering’) for gross proceeds of $200,000.

          The third tranche comprises the issuance of 400,000 common shares at a price of $0.50 per share. No finder’s shares or finder’s warrants were issued in connection with this tranche. All Common Shares issued in connection with the Offering will be subject to a statutory hold period of four months plus a day from the date of issuance.

          With the completion of this third tranche, 55 North has now raised a total of $4,202,000 under the Offering. Proceeds will continue to be used to fund property payments, advance drilling at the Last Hope Gold Project, and support general working capital and corporate overhead.

          Following the closing of this third tranche, the Company will have approximately 33.25 million common shares issued and outstanding.

          ‘With gold prices remaining strong, we are seeing continued interest from both new and existing shareholders,’ said Bruce Reid, CEO of 55 North Mining. ‘The support we’ve received across all tranches reflects growing recognition of the potential scale and grade of the Last Hope system. This additional capital further positions us to advance drilling and deliver meaningful progress going into 2026.’

          About 55 North Mining Inc.

          55 North Mining Inc. is a Canadian exploration and development company advancing its high-grade Last Hope Gold Project located in Manitoba, Canada.

          FOR FURTHER INFORMATION, PLEASE CONTACT:

          Mr. Bruce Reid

          Chief Executive Officer

          55 North Mining Inc.

          Phone: 647-500-4495

          bruce@mine2capital.ca

          Mr. Vance Loeber

          Corporate Development

          Phone: 778-999-3530

          cvl@tydewell.com

          CAUTION REGARDING FORWARD-LOOKING INFORMATION

          This news release of 55 North contains statements that constitute ‘forward-looking statements.’ Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements.

          SOURCE: 55 North Mining Inc

          View the original press release on ACCESS Newswire

          News Provided by ACCESS Newswire via QuoteMedia

          This post appeared first on investingnews.com

          Fortune Bay Corp. (TSXV: FOR,OTC:FTBYF) (FWB: 5QN) (OTCQB: FTBYF) (‘Fortune Bay’ or the ‘Company’) is pleased to announce the board of directors of the Company has approved the granting of 1,490,000 incentive stock options (the ‘Options’) and 150,000 deferred share units (the ‘DSUs’) pursuant to the Company’s Stock Option Plan and DSU Plan to its directors, officers, contractors and employees. Directors and officers were awarded 1,210,000 of the Options which are exercisable at a price of $1.00 per share, expire on December 4, 2030 and vest over a three-year period. 150,000 DSUs were granted to an officer of the Company’s and will vest over a three-year period in accordance with the Company’s DSU plan.

          About Fortune Bay

          Fortune Bay Corp. (TSXV:FOR,OTC:FTBYF; FWB:5QN; OTCQB:FTBYF) is a gold exploration and development company advancing high-potential assets in Canada and Mexico. With a strategy focused on discovery, resource growth and early-stage development, the Company targets value creation at the steepest part of the Value Creation Curve. Its portfolio includes the development-ready Goldfields Project in Saskatchewan, the resource-expansion Poma Rosa Project in Mexico, and an optioned uranium portfolio in the Athabasca Basin providing non-dilutive capital and upside exposure. Backed by a technically proven team and tight capital structure, Fortune Bay is positioned for multiple near-term catalysts. For more information, visit www.fortunebaycorp.com or contact info@fortunebaycorp.com.

          On behalf of Fortune Bay Corp.

          ‘Dale Verran’
          Chief Executive Officer
          902-334-1919

          Cautionary Statement Regarding Forward-Looking Information
          Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management’s current estimates, beliefs, intentions, and expectations. They are not guarantees of future performance. Words such as ‘expects’, ‘aims’, ‘anticipates’, ‘targets’, ‘goals’, ‘projects’, ‘intends’, ‘plans’, ‘believes’, ‘seeks’, ‘estimates’, ‘continues’, ‘may’, variations of such words, and similar expressions and references to future periods, are intended to identify such forward-looking statements.

          Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company’s objectives, goals, intentions or future plans, statements, exploration results, potential mineralization, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to failure to identify targets or mineralization, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate First Nations and other indigenous peoples, inability to reach access agreements with other Project communities, amendments to applicable mining laws, uncertainties relating to the availability and costs of financing or partnerships needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company’s public documents filed on SEDAR+. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law. For more information on Fortune Bay, readers should refer to Fortune Bay’s website at www.fortunebaycorp.com.

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

          SOURCE Fortune Bay Corp.

          View original content to download multimedia: http://www.newswire.ca/en/releases/archive/December2025/05/c4414.html

          News Provided by Canada Newswire via QuoteMedia

          This post appeared first on investingnews.com

          Statistics Canada released November’s job data on Friday (December 5). The numbers show the Canadian economy added 54,000 jobs over the month, with gains largely coming from part-time work. The increase surprised analysts, who had been expecting losses, and marked the third consecutive month of gains for a total of 181,000 new jobs since the start of September.

          Headlining the data were increases of 46,000 health care and social service workers, 14,000 new employees in accommodation and food services, and 11,000 new jobs in the natural resources sector. However, gains were offset by 34,000 fewer workers in the wholesale and retail trade.

          Overall, the increase pushed the employment rate up by 0.1 percentage points to 60.9 percent and lowered the unemployment rate by 0.4 percentage points to 6.5 percent.

          The release is the last major economic news on the calendar before the Bank of Canada (BoC) Board of Governors meets December 10 to make its final interest rate decision of 2025.

          Economists are predicting that the BoC will hold rates steady until 2027.

          The first Friday of the month is also typically the release date for the US Bureau of Labor Statistics’ own jobs report; however, due to the lengthy government shutdown, the agency noted in the September release issued on November 20 that October’s data would be rolled in with November’s and its release would be delayed until December 16.

          However, a report from payroll firm ADP on Wednesday (December 3) indicated that its records show the US private sector employment shed 32,000 jobs in November, with weak hiring in the manufacturing, professional services, information and construction sectors, which was partially offset by an 8,000 job gain in the mining sector.

          The release shows that job growth in the US has stalled and without the release of official government data may be the last important indicator ahead of the Federal Open Market Committee meeting set for December 9 and 10.

          Given the news of a weak labor market, US analysts are predicting the Fed will make another 25 basis point cut, which would lower the Federal Funds Rate to the 3.5 to 3.75 percent range.

          The expectations of cuts provided tailwinds for precious metals prices ahead of the central bank’s meeting, with the gold price trading up 1.03 percent on the week at US$4,200.53 on Friday at 4 PM EST, and the silver price up a massive 9.43 percent at US$58.42 after setting a new all-time high of US$59.28 per ounce during morning trading on Friday.

          For more on what’s moving markets this week, check out our top market news round-up.

          Markets and commodities react

          Canadian equity markets posted modest gains this week.

          The S&P/TSX Composite Index (INDEXTSI:OSPTX) gained 0.25 percent over the week to close Friday at 31,311.41.

          Meanwhile, the S&P/TSX Venture Composite Index (INDEXTSI:JX) rose 1.04 percent to 939.76, and the CSE Composite Index (CSE:CSECOMP) increased 4.1 percent to close at 155.40.

          In base metals, the COMEX copper price ended the week up 2.83 percent at US$5.45 per pound.

          The S&P Goldman Sachs Commodities Index (INDEXSP:SPGSCI) gained 2.74 percent to end Friday at 564.72.

          Top Canadian mining stocks this week

          How did mining stocks perform against this backdrop?

          Take a look at this week’s five best-performing Canadian mining stocks below.

          Stocks data for this article was retrieved at 4:00 p.m. EST on Friday using TradingView’s stock screener. Only companies trading on the TSX, TSXV and CSE with market caps greater than C$10 million are included. Mineral companies within the non-energy minerals, energy minerals, process industry and producer manufacturing sectors were considered.

          1. Bayhorse Silver (TSXV:BHS)

          Weekly gain: 73.33 percent
          Market cap: C$31.13 million
          Share price: C$0.13

          Bayhorse Silver is a silver-focused company currently working to bring the Bayhorse silver, copper and antimony mine in Oregon, US, back online.

          The mine was originally in operation until late 1984 and closed when the price of silver dropped to under US$6 per ounce. Historic sampling during the 1980s identified grades of 2,146 grams per metric ton (g/t) silver, and a bulk sampling program conducted by Bayhorse in 2014 found bonanza grades of 150,370 g/t silver.

          The company has continued to explore the property and, in October 2018, produced a maiden resource estimate that showed the property hosts inferred resources of 6.33 million ounces of silver from 292,300 US tons of ore with an average grade of 21.65 ounces per US ton.

          Bayhorse anticipates receiving complete operating permits for the mine in mid-2026 and achieving full production in 2027.

          Although the company did not release news this week, shares surged alongside the silver price, reaching new all-time highs.

          2. Omineca Mining and Metals (TSXV:OMM)

          Weekly gain: 72.73 percent
          Market cap: C$14.42 million
          Share price: C$0.095

          Omineca Mining and Metals is a gold exploration and mining company working to advance its Wingdam project in British Columbia, Canada.

          The project, a 50/50 joint venture with D&L Mining, consists of 61,329 hectares of hard rock and placer claims within the Cariboo mining district. The site currently hosts mining operations focused on extracting placer gold from gravels 50 meters beneath Lightning Creek.

          According to the company, the mine is extracted through gravity separation, which uses an existing reusable water supply without chemicals, mill waste or tailings.

          On Thursday (December 4) the company announced it had mobilized for an eight-hole, 4,000 meter, winter drill program at Wingdam. Exploration will focus on following up on mineralization discovered during the 2024 program and at depths below the Wingdam underground placer workings.

          The company stated that drilling will continue until the end of December and that results will be released early in 2026.

          Shares surged after Omineca’s Friday news that it restarted underground placer gold recovery at the site, with gold recovered via the company’s water wash plant and shaker table.

          3. Selkirk Copper Mines (TSXV:SCMI)

          Weekly gain: 57.3 percent
          Market cap: C$74.56 million
          Share price: C$0.70

          Selkirk Copper Mines is a gold and copper exploration and development company working to advance the Minto mine project in the Yukon, Canada.

          The property covers 26,850 hectares of mineral tenure centered around the past-producing Minto copper-gold-silver mine. The mine was abandoned in 2023, but was purchased by the Selkirk First Nation earlier in 2025, becoming the first Indigenous nation in Canada to own a mine.

          On July 7, Selkirk Copper Mines released an updated mineral resource estimate for the project demonstrating a total indicated resource of 333.8 million pounds of copper, 186,600 ounces of gold and 1.73 million ounces of silver from 12.59 million metric tons of ore with average grades of 1.2 percent copper, 0.46 grams per metric ton (g/t) gold and 4.3 g/t silver.

          Shares in Selkirk Copper posted gains this week after a pair of news releases.

          The first came on Monday (December 1), when the company released initial drill results from exploration activities at the North West Zone. Highlighted assays included one hole with 2.39 percent copper, 0.32 g/t gold and 11.61 g/t silver over 23.4 meters, which included an intersection with 5.21 percent copper, 0.47 g/t gold and 26.68 g/t silver over 8.7 meters.

          The results are part of a larger 50,000 meter campaign, the first to be carried out by Selkirk Copper Mines at the property, which has been designed to test the size and continuity of the North West zone. The company said that results have met and exceeded expectations.

          The second release came on Tuesday (December 2) when the company announced that it had appointed Selkirk First Nations citizens Kevin McGinty as Vice President of Lands and Environment, and Morris Morrison as Manager of Community Relations.

          4. Iconic Minerals (TSXV:ICM)

          Weekly gain: 52.94 percent
          Market cap: C$18.66 million
          Share price: C$0.13

          Iconic Minerals is an exploration company focused on its New Pass Gold property in Nevada, United States.

          The project is a 50/50 joint venture with McEwen Mining and comprises 107 mining claims covering 2,140 acres in northern Nevada. According to the project page, New Pass hosts a gold equivalent inferred resource of 341,750 ounces.

          In addition to New Pass, the company also owns the Midas South gold project, Smith Creek Valley, Grass Valley, and the Bonnie Claire lithium projects, all in Nevada.

          Shares in Iconic posted gains this week, but the company has not released news since October 17, when it announced that it had entered into negotiations for a private placement to raise gross proceeds of C$2.55 million. The company said it intends to use the proceeds to fund exploration at New Pass and general working capital.

          5. Scandium Canada (TSXV:SCD)

          Weekly gain: 50 percent
          Market cap: C$43.52 million
          Share price: C$0.135

          Scandium Canada is a scandium exploration company working to advance its Crater Lake scandium project in Northern Québec, Canada. The property consists of 96 contiguous claims covering an area of 47 square kilometers. To date, the company has identified five primary zones of interest at Crater Lake.

          An updated mineral resource estimate, released on May 12, shows an indicated resource of 16.3 million metric tons of ore at an average grade of 277.9 grams per metric ton (g/t) scandium oxide, plus an inferred resource of 20.9 million metric tons at 271.7 g/t. The MRE also included grades of other rare earths at the project.

          Scandium was recently added to the list of eligible minerals under the Clean Technology Manufacturing Investment Tax Credit in the Canadian budget, which passed on November 17.

          The most recent news from the company came on November 17, when it announced that it entered into a definitive agreement to sell its La Roncière gold project to a subsidiary of Barrick Mining (TSX:ABX,NYSE:B).

          Under the terms, Scandium Canada will receive an initial payment of C$390,000, followed by an additional C$200,000 upon the condition that Barrick completes a pre-feasibility study with specific minimum gold content in the mineral resource.

          Although it released no news this week, Scandium Canada’s share price jumped significantly Tuesday.

          The gains may be related to the Wall Street Journal reporting on Monday that Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO) was eyeing a sale of its scandium production facility in Sorel-Tracy, Québec, as part of a larger asset sale in the province. Rio Tinto confirmed these plans on Thursday.

          The news came one month after a commitment by Canada to make a C$25 million royalty investment in the site through the Canada Growth Fund to shore up domestic supply of the critical mineral.

          FAQs for Canadian mining stocks

          What is the difference between the TSX and TSXV?

          The TSX, or Toronto Stock Exchange, is used by senior companies with larger market caps, and the TSXV, or TSX Venture Exchange, is used by smaller-cap companies. Companies listed on the TSXV can graduate to the senior exchange.

          How many mining companies are listed on the TSX and TSXV?

          As of May 2025, there were 1,565 companies listed on the TSXV, 910 of which were mining companies. Comparatively, the TSX was home to 1,899 companies, with 181 of those being mining companies.

          Together, the TSX and TSXV host around 40 percent of the world’s public mining companies.

          How much does it cost to list on the TSXV?

          There are a variety of different fees that companies must pay to list on the TSXV, and according to the exchange, they can vary based on the transaction’s nature and complexity. The listing fee alone will most likely cost between C$10,000 to C$70,000. Accounting and auditing fees could rack up between C$25,000 and C$100,000, while legal fees are expected to be over C$75,000 and an underwriters’ commission may hit up to 12 percent.

          The exchange lists a handful of other fees and expenses companies can expect, including but not limited to security commission and transfer agency fees, investor relations costs and director and officer liability insurance.

          These are all just for the initial listing, of course. There are ongoing expenses once companies are trading, such as sustaining fees and additional listing fees, plus the costs associated with filing regular reports.

          How do you trade on the TSXV?

          Investors can trade on the TSXV the way they would trade stocks on any exchange. This means they can use a stock broker or an individual investment account to buy and sell shares of TSXV-listed companies during the exchange’s trading hours.

          Article by Dean Belder; FAQs by Lauren Kelly.

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

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

          This post appeared first on investingnews.com