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The White House railed against the ‘Democrat shutdown’ for ‘jeopardizing national security’ because 80% of the federal agency charged with protecting the U.S. nuclear stockpile will be furloughed in the coming days, the administration told Fox News Digital. 

‘The Democrat shutdown is now jeopardizing our national security,’ White House spokeswoman Taylor Rogers told Fox News Digital Friday afternoon. ‘By refusing to pass the clean, bipartisan funding extension, the Democrats are causing funds to run out for critical programs, resulting in furloughs of personnel at the National Nuclear Security Administration who manage our nuclear stockpile.

‘This is reckless and could be completely avoided if the Democrats simply voted to reopen the government and stopped holding the American people hostage.’

An administration official confirmed to Fox Digital that 80% of the National Nuclear Security Administration’s staff will be furloughed because available funds will soon be expended. 

The National Nuclear Security Administration operates within the U.S. Department of Energy, maintains the nation’s nuclear stockpile and works to reduce the threat of nuclear weapons in foreign nations. 

The agency will next enter minimum safe operations, meaning remaining employees will focus on maintaining physical security, cybersecurity, nuclear safety and emergency management, according to an administration official. 

‘We have not furloughed anyone yet, but we will be out of funds by tomorrow or early next week,’ Department of Energy Secretary Chris Wright told Bloomberg News Friday of the upcoming furloughs. ‘So, we will be forced to do that if this shutdown continues.

‘We’ve been paying them to date, but, starting tomorrow, Monday at the latest, we’re not going to be able to pay those workers. If that continues on for long, they may get other jobs,’ Wright told Bloomberg, putting ‘the sovereignty of the country,’ at stake.

The administration official told Fox News Digital at there will be significant impacts on the agency’s nuclear deterrence mission as various offices shutter during the shutdown, and consequences of the shutdown are expected to last beyond the eventual reopening of the government. 

‘As our adversaries build more silos and weapons, we will be turning off the lights,’ the administration official said. 

Republican lawmakers also have sounded off on the upcoming furloughs, including Alabama Rep. Mike Rogers during a House news conference on Friday. 

‘We were just informed last night the National Nuclear Security Administration, the group that handles the nuclear stockpile, that the carryover funding they’ve been using is about to run out,’ he said. ‘These are not employees that you want to go home. They are managing and handling a very important strategic asset for us. They need to be at work and being paid.’ 

The U.S. government has been in the midst of an ongoing shutdown since Oct. 1, when Senate lawmakers failed to pass funding legislation for 2026.

The Trump administration and Republicans have since pinned blame for the shutdown on Democrats, claiming they sought taxpayer-funded medical benefits for illegal immigrants. Democrats have denied they want to fund healthcare for illegal immigrants and instead have blamed Republicans for the shutdown.

‘Every day that Republicans refuse to negotiate to end this shutdown, the worse it gets for Americans — and the clearer it becomes who’s fighting for them,’ Senate Minority Leader Chuck Schumer told Fox Digital earlier in October of the shutdown. 

‘Each day our case to fix healthcare and end this shutdown gets better and better, stronger and stronger because families are opening their letters showing how high their premiums will climb if Republicans get their way.’ 

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The Supreme Court on Friday set a Dec. 8 date to hear oral arguments in a case centered on President Donald Trump’s authority to fire heads of independent agencies without cause.

This closely watched court fight could overturn a longstanding court precedent and further expand executive branch powers. At issue is Trump’s attempted firing of Rebecca Slaughter, the lone Democrat on the Federal Trade Commission. Trump fired Slaughter and another Democratic member of the FTC in March, though that commissioner has since resigned. 

Slaughter sued earlier this year to block her removal, and a lower court judge ordered her temporarily reinstated to her role on the FTC while the case continued to play out on its merits.

The Trump administration appealed the case to the Supreme Court in September. The justices agreed to hear the case and stayed the lower court ruling that ordered her reinstated — allowing Trump, for now, to proceed with Slaughter’s removal from the FTC.

The court’s willingness to take up the case is seen by many as a sign that the justices plan to revisit the Supreme Court precedent in Humphrey’s Executor v. United Statesa 1935 case in which justices unanimously blocked presidents from removing the heads of independent regulatory agencies without cause, and only in limited circumstances.

Justices signaled as much in their directions to lawyers for the Trump administration and Slaughter. 

They ordered both parties to address two key questions in their briefs: whether the removal protections for FTC members ‘violates the separation of powers and, if so, whether Humphrey’s Executor, should be overruled,’ and whether a federal court may prevent a person’s removal from public office, ‘either through relief at equity or at law.’

Their review of the case also comes as justices have grappled with a flurry of lawsuits filed this year by other Trump-fired Democratic board members, including by National Labor Relations Board (NLRB) member Gwynne Wilcox and Merit Systems Protection Board (MSPB) member Cathy Harris, two Democratic appointees who were abruptly terminated by the Trump administration this year. 

The Supreme Court in May granted Trump’s request to remove both Wilcox and Harris from their respective boards while lower court challenges played out, though the high court did not invoke the Humphrey’s Executor precedent in the short, unsigned order.

It also comes as the Supreme Court is slated to hear oral arguments in another key case centered on Trump’s attempt to fire Federal Reserve Governor Lisa Cook, with oral arguments set for January.

The court’s approach in the Slaughter case may signal how it will handle arguments in Trump’s attempt to oust Cook the following month.

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New York City Democratic mayoral nominee Zohran Mamdani, former Gov. Andrew Cuomo and Republican nominee Curtis Sliwa faced off in their first general election debate on Thursday night, and, with no live audience, supporters flooded 50th Street outside 30 Rock, cheering on their preferred candidates with campaign signs and lobbing verbal attacks at their opponents. 

With less than three weeks until Election Day, the debate gave voters their clearest side-by-side look yet at the candidates vying to lead the nation’s largest city.

On the debate stage, candidates made commitments to delivering affordability and public safety for New Yorkers. Outside the venue, while speaking to Fox News Digital, Mamdani supporters told Fox News Digital they are ready for change, while those cheering on Cuomo said they were voting for him for his experience. 

‘He’s very experienced,’ Emily, a Cuomo supporter who lives in Brooklyn, told Fox News Digital. ‘I feel that he’s going to keep our city safe and that he is going to keep small businesses alive and that he just has the right amount of experience for the job.’

New York state Sen. Robert Jackson, who was cheering on Mamdani from across 50th Street, said Cuomo already had his chance to deliver for New Yorkers as governor, telling Fox News Digital Cuomo ‘was not the leader that we wanted. He never came through on it.’

On the flip side, Jackson praised Mamdani for getting New Yorkers excited about politics, explaining that he loved Mamdani’s ‘straightforward’ and ‘no nonsense’ policies.

However, both Emily and Anthony Braue, a Bronx union worker, said Mamdani’s policies are driving their support for Cuomo. 

‘Giving away free stuff is not the answer,’ Brau said, telling Fox News Digital he appreciates how Cuomo supports union workers, wants to build infrastructure in New York City and make it a safer place to live. 

Emily added that Mamdani is ‘not experienced,’ and his ‘policies seem too extreme.’

‘Nothing’s free. Giving free stuff means the hard-working people’s taxes are going to pay for the free stuff,’ Braud said. ‘There’s nothing free. It never works out. It might be a good selling campaign pitch, but I don’t think it’s the right thing.’

Braue said he couldn’t understand why members of the Hotel and Gaming Trades Council, a union supporting hospitality workers, were across the street cheering for Mamdani. Ahead of the debate, the New York City Police Department designated three respective pens for supporters to gather. 

‘I don’t know exactly what they’re doing over there,’ he said. ‘They should be on this side with the rest of the union workers, but everyone’s got their own opinion. They’re entitled to it.’

After Thursday night’s debate, Mamdani met with a roundtable of union workers at the Service Employees International Union headquarters Friday morning in Manhattan. 

‘The reason I support Zoran Mandani is because he’s a make-it-make-sense politician,’ SEIU member Pedro Francisco told Fox News Digital ahead of the debate. ‘He really understands what this city needs. The city needs to be affordable for all of us.’

While acknowledging that Cuomo is a ‘great politician’ with great ideas, Francisco said, ‘Cuomo was the past, Zohran is the present and the future of New York City.’

Jim Golden, a 67-year-old New Yorker, agreed that ‘it’s time for a change, simple as that.’

‘We’ve screwed up this city enough, and it’s time to let some other people try and fix it. It’s a mess,’ he said. 

Mamdani, Cuomo and Sliwa all greeted their supporters ahead of the debate on Thursday night, with Mamdani sparking the most raucous commotion as he marched through a gaggle of reporters and glad-handed his supporters lined up along a police barricade. 

Thursday’s mayoral debate was hosted by NBC 4 New York/WNBC and Telemundo 47/WNJU, in partnership with Politico. Election Day is Nov. 4 in New York City in the race to replace Mayor Eric Adams, who suspended his re-election campaign last month. 

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Andrea Bocelli paid President Donald Trump a visit at the White House on Oct. 17.

Trump’s special assistant, Margo Martin, shared a video of the moment on X, formerly known as Twitter.

While the Italian tenor appeared to give an impromptu performance in the Oval Office, Trump stood behind the Resolute Desk as Bocelli stood in front, wearing a black suit and tie with sunglasses on.

‘Listen to this,’ Trump said as ‘Time to Say Goodbye’ started playing in the Oval Office.

Bocelli began singing along with the track before he took a moment to laugh. He then continued to sing until the video concluded.

Another video posted by Martin shows Trump and Bocelli talking at the president’s desk and listening to a recording of a Bocelli song.

Trump told reporters Bocelli would be performing at the White House on Dec. 5, two days before the Kennedy Center Honors, according to Deadline. 

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

Bocelli’s visit to the White House came just before the President of the United States welcomed the President of Ukraine, Volodymyr Zelenskyy, for the high-stakes summit. 

It is unclear if Bocelli’s visit and Zelenskyy’s are connected.

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Several Democrat senators seemed ready to expand COVID-era Obamacare tax credits holding up spending legislation needed to reopen the government — but less willing to grapple with what that would mean for the country’s expenses.

‘I’ll disagree with the framing of deficit increase,’ Sen. Chris Coons, D-Del., said when asked about the program’s implications for the country’s bottom line.

Others, like Sen. Alex Padilla, D-Calif., declined to respond.

The country plunged into a shutdown at the beginning of the month when lawmakers failed to agree on a short-term spending extension that would have funded the government through Nov. 21. But the disagreement wasn’t about the package itself. In 2021, Congress temporarily expanded eligibility for Obamacare’s enhanced premium tax credits subsidies, meant to help Americans pay for their health insurance plans amid the uncertainty of the pandemic. That increased eligibility sunsets at the end of 2025. Democrats have made the program’s continuation a key condition in support for any spending package.

Republicans need at least seven Democrats to advance spending legislation in the Senate, where Republicans must clear the 60-vote threshold to overcome a filibuster. The GOP holds 53 seats in the chamber.

According to the Committee of a Responsible Federal Budget, a nonpartisan fiscal policy think tank, continuing the expanded credits could cost upwards of $30 billion annually.

Where Republicans see the expiration as an opportunity to return government spending to pre-COVID levels and shrink the national deficit, Democrats have expressed alarm over recipients who could face an abrupt end to their federal assistance.

‘You have literally millions of Americans who will no longer be able to afford their health insurance or will be thrown off health insurance when the tax credits that make the Affordable Care Act affordable expire at the end of this year,’ Coons said, referring to the 2010 health care reforms that put Obamacare into law.

Other Democrats pointed to healthcare as the key consideration at play.

‘Republicans need to restore healthcare to the American people. That’s my position,’ Sen. Mazie Hirono, D-Hawaii, said.

Findings by KFF, a healthcare policy think tank, indicate that over 90% of the 24 million Obamacare enrollees make use of the enhanced credits.

Democrats have voted against reopening the government 10 times since the start of the shutdown.

Lawmakers like Sen. John Curtis, R-Utah, have pushed back on Democrat opposition, noting that the credits were always designed to be temporary — and that Democrats were the ones who included the sunset provision to begin with.

‘This is a pre-determined crisis by the Democrats,’ Curtis said. ‘They’re the ones who put the expiration date on these.’

That’s also the position of Sen. John Boozman, R-Ark.

‘My concern is that [the credit expansion] was done during the pandemic, because of the pandemic. The pandemic is over. As a result, you’ve got people making $300,000 on a subsidy.’

‘So, what we need to do is get the government open, not hold the American people hostage and start talking, because there will be some people that are hurt,’ Boozman added.

Boozman isn’t the only Republican concerned about both: ballooning government costs and the Americans who would have to adjust their payments to afford healthcare without the subsidies.

Sen. Lisa Murkowski, R-Alaska, who has cautioned against sudden shifts to healthcare programs, said talks to advance both priorities haven’t made much progress. 

‘I’m trying to figure out a way that we can ensure that healthcare coverage for Americans remains, and we’re not making much headway this week,’ Murkowski said. 

Other Senators hinted that talks were advancing in some way but declined to describe them.

‘I’m not getting engaged right now, because I may or may not be involved in any negotiations on what the ultimate resolution of this will be. At this point, until the Democrats open the government, I’m not going to discuss details,’ Sen. Mike Crapo, R-Idaho, said.

Both chambers of Congress left Washington, D.C., for the weekend. The Senate will return Monday.

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Republican lawmakers have spent the week sharpening their attacks on Saturday’s nationwide day of protests against President Donald Trump, which many GOP leaders dismissed as ‘Hate America’ rallies.

Cities across the country are expected to see hundreds of thousands of people come out for the ‘No Kings’ movement, and several congressional Democrats have even said they will attend.

Republicans have seized on the protests as a product of far-left activism, while at the same time arguing Democrats have held firm against the GOP’s plan to end the government shutdown in a bid to please that far-left base.

House Speaker Mike Johnson, R-La., told Fox Business Network he hoped that Democratic leaders who attended would be more willing to accept the GOP’s plan after the demonstrations were over — but he did not sound overly optimistic.

‘It’ll be a collection of wild leftist policy priorities, and that’ll be on display for the whole country. After that’s over, I hope there’s a few Democrats over here who will come to their senses and return to governing the country,’ Johnson said.

‘Right now, I don’t think— it’s my assumption and all of ours that they would not make that concession before that rally’s over because they don’t want to face the angry mob. I mean it’s sad, but that’s where we are.’

House Minority Leader Hakeem Jeffries, D-N.Y., dodged a question on whether he would attend one of the rallies on Friday, telling reporters, ‘I haven’t finalized my schedule for the weekend given, you know, the sensitivities around the government shutdown. I’m still very hopeful that Republicans will decide to show up for work so we can get the government back open.’

‘But I support the right of every single American to participate in the rallies that are going to take place this week and showing up to express dissent against an out-of-control administration,’ he said.

However, Senate Minority Leader Chuck Schumer, D-N.Y., said he would attend one of the protests, as did House Democratic Caucus Chairman Pete Aguilar, D-Calif.

Rep. Zach Nunn, R-Iowa, predicted more top Democratic figures would go but, like Johnson, signaled hope that they would acquiesce to Republicans’ demands when it was over.

‘My guess is if they don’t want a primary from the left, they’ll probably find a way to sneak it into their schedule. The real question that’s going to be is, do they have the fortitude after Saturday to come back and open up the government?’ Nunn told Fox News Digital earlier this week.

‘They should be doing it today. But if they feel like they’ve got to appease their base, then they better come to Jesus on Sunday and figure out a way to help them get back to the business of taking care of the American people.’

House GOP leaders also criticized the rallies at nearly every one of their daily shutdown press conferences this week.

Majority Leader Steve Scalise, R-La., said Friday that Schumer was ‘more concerned’ with ‘impressing the ‘Hate America’ rally crowd that’s coming up here tomorrow than he is about not solving all of our problems tomorrow.’

And House Majority Whip Tom Emmer, R-Minn., told Fox News’ Maria Bartiromo on Tuesday of the rallies’ place in the shutdown fight, ‘The rumor is that they can’t end the shutdown beforehand, because a small but very violent and vocal group is the only one that’s happy about this.’

‘If they shut it down beforehand, then they’ve got to deal with that group beforehand. If they make it through that, then at least they’ve made it through their Hate America rally, and then they can get this thing done,’ Emmer said.

The House passed a bill to keep the federal government funded at current levels through Nov. 21, called a continuing resolution (CR), mostly along party lines last month.

It’s since failed 10 times in the Senate, with a majority of Democrats rejecting any spending deal that does not also include an extension of COVID-19 pandemic-era Obamacare subsidies that will expire at the end of this year without congressional action.

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(TheNewswire)

Brossard, Quebec, le 17 octobre 2025 TheNewswire – CORPORATION CHARBONE (TSXV: CH,OTC:CHHYF; OTCQB: CHHYF; FSE: K47) (« CHARBONE » ou la « Société »), un producteur et distributeur nord-américain spécialisé dans l’hydrogène propre à Ultra Haute Pureté (« UHP ») et les gaz industriels stratégiques, a le plaisir d’annoncer la clôture de règlements de dettes par émission d’unités s’élevant à 503 125 $ avec un partenaire stratégique pour la construction de l’usine de Sorel-Tracy.

La Société a conclu 503 125 $ de comptes à payer avec un fournisseur sans lien de dépendance par l’émission d’unités. Chaque unité offerte, au prix de 0,12 $ l’unité, comprenait une action ordinaire de la Société et un bon de souscription d’action ordinaire . Chaque bon de souscription permettra à son porteur d’acquérir une action ordinaire supplémentaire de la Société à un prix d’exercice de 0,14 $ pendant 12 mois après la date de clôture. Un total de 4 192 708 d’unités seront émises à la clôture, au prix de conversion unitaire de 0,12 $. La Société estime que le règlement de ses dettes par l’émission de titres est approprié pour faire progresser la production de son projet à Sorel-Tracy et pour gérer sa trésorerie avec prudence. Une entente officielle reflétera tout règlement de dette et sera assujetti à l’approbation de la Bourse de croissance TSX. Tous titres émis dans le cadre de ce règlement de dettes sera assujetti à la période de détention légale au Canada de quatre mois

À propos de CORPORATION CHARBONE

CHARBONE est une entreprise intégrée spécialisée dans l’hydrogène propre à Ultra Haute Pureté (UHP) et la distribution stratégique de gaz industriels en Amérique du Nord et en Asie-Pacifique. Elle développe un réseau modulaire de production d’hydrogène vert tout en s’associant à des partenaires de l’industrie pour offrir de l’hélium et d’autres gaz spécialisés sans avoir à construire de nouvelles usines coûteuses. Cette stratégie disciplinée diversifie les revenus, réduit les risques et augmente sa flexibilité. Le groupe Charbone est coté en bourse en Amérique du Nord et en Europe sur la bourse de croissance TSX (TSXV: CH,OTC:CHHYF) ; sur les marchés OTC (OTCQB: CHHYF) ; et à la Bourse de Francfort (FSE: K47) . Pour plus d’informations, visiter www.charbone.com .

Énoncés prospectifs

Le présent communiqué de presse contient des énoncés qui constituent de « l’information prospective » au sens des lois canadiennes sur les valeurs mobilières (« déclarations prospectives »). Ces déclarations prospectives sont souvent identifiées par des mots tels que « a l’intention », « anticipe », « s’attend à », « croit », « planifie », « probable », ou des mots similaires. Les déclarations prospectives reflètent les attentes, estimations ou projections respectives de la direction de Charbone concernant les résultats ou événements futurs, sur la base des opinions, hypothèses et estimations considérées comme raisonnables par la direction à la date à laquelle les déclarations sont faites. Bien que Charbone estime que les attentes exprimées dans les déclarations prospectives sont raisonnables, les déclarations prospectives comportent des risques et des incertitudes, et il ne faut pas se fier indûment aux déclarations prospectives, car des facteurs inconnus ou imprévisibles pourraient faire en sorte que les résultats réels soient sensiblement différents de ceux exprimés dans les déclarations prospectives. Des risques et des incertitudes liés aux activités de Charbone peuvent avoir une incidence sur les déclarations prospectives. Ces risques, incertitudes et hypothèses comprennent, sans s’y limiter, ceux décrits à la rubrique « Facteurs de risque » dans la déclaration de changement à l’inscription de la Société datée du 31 mars 2022, qui peut être consultée sur SEDAR à l’adresse www.sedar.com; ils pourraient faire en sorte que les événements ou les résultats réels diffèrent sensiblement de ceux prévus dans les déclarations prospectives.

Sauf si les lois sur les valeurs mobilières applicables l’exigent, Charbone ne s’engage pas à mettre à jour ni à réviser les déclarations prospectives.

Ni la Bourse de croissance TSX ni son fournisseur de services de réglementation (tel que ce terme est défini dans les politiques de la Bourse de croissance TSX) n’acceptent de responsabilité quant à la pertinence ou à l’exactitude du présent communiqué.

Pour contacter Corporation Charbone :

Téléphone bureau: +1 450 678 7171

Courriel: ir@charbone.com

Benoit Veilleux

Chef de la direction financière et secrétaire corporatif

Copyright (c) 2025 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

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/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

TSX.V – FPC

 Falco Resources Ltd. (TSXV: FPC,OTC:FPRGF) (‘Falco’ or the ‘Corporation’) is pleased to announce the closing of its previously announced bought deal private placement (the ‘Offering’) with a syndicate of underwriters led by Cantor Fitzgerald Canada Corporation, acting as lead agent and sole bookrunner, and including BMO Nesbitt Burns Inc., National Bank Financial Inc. and Canaccord Genuity Corp. (collectively, the ‘Underwriters’). Pursuant to the Offering, Falco has issued an aggregate of 41,005,000 units of the Corporation (the ‘Units’) at a price of $0.32 per Unit, for aggregate gross proceeds of $13,121,600.

Each Unit consists of one common share (each, a ‘Common Share‘) of the Corporation and one-half of one common share purchase warrant (each whole warrant, a ‘Warrant‘). Each Warrant is exercisable to acquire one Common Share at a price of C$0.46 at any time on or before April 17, 2027.

The Corporation intends to use the net proceeds from the sale of Units for the advancement of the Horne 5 Project and for working capital and general corporate purposes.

In connection with the closing of the Offering, the Underwriters received an aggregate cash fee equal to $787,296.

All Common Shares and Warrants issued pursuant to the Offering are subject to a hold period of four months plus one day from the date of issuance of such securities under applicable securities laws in Canada.

Related parties of the Corporation, including Osisko Development Corp. and certain directors and officers of the Corporation, subscribed for an aggregate of 7,455,000 Units such that the Offering constitutes a ‘related party transaction’ within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (‘MI 61-101‘). The Corporation is relying on exemptions from the formal valuation requirements of MI 61-101 pursuant to section 5.5(a) and the minority shareholder approval requirements of MI 61-101 pursuant to section 5.7(1)(a) in respect of such related party participation as the fair market value of the transaction, insofar as it involves interested parties, does not exceed 25% of the Corporation’s market capitalization. Additional information with respect thereto will be published in a material change report to be filed by the Corporation following the closing of the Offering. The Corporation did not file the material change report 21 days prior to closing of the Offering, as the related parties’ participation had not been confirmed at that time and the Corporation wished to close the transaction as soon as practicable for sound business reasons.

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 the United States or in any other jurisdiction in which such offer, solicitation or sale would be unlawful. The securities have not been 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 thereunder.

About Falco

Falco is one of the largest mineral claim holders in the province of Québec, with an extensive portfolio of properties in the Abitibi-Témiscamingue greenstone belt. Falco holds rights to approximately 67,000 hectares of land in the Noranda Mining Camp, which represents 67% of the camp as a whole and includes 13 former gold and base metal mining sites. Falco’s main asset is the Horne 5 project located beneath the former Horne mine, which was operated by Noranda from 1927 to 1976 and produced 11.6 million ounces of gold and 2.5 billion pounds of copper. Osisko Development Corp. is Falco’s largest shareholder, with a 16% interest in the Corporation.

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

Cautionary Statement on Forward-Looking Information

This news release contains forward-looking statements and forward-looking information (together, ‘forward looking statements’) within the meaning of applicable securities laws. Often, but not always, forward-looking statements can be identified by words such as ‘plans’, ‘expects’, ‘seeks’, ‘may’, ‘should’, ‘could’, ‘will’, ‘budget’, ‘scheduled’, ‘estimates’, ‘forecasts’, ‘intends’, ‘anticipates’, ‘believes’, or variations including negative variations thereof of such words and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved. These statements are made as of the date of this news release. Forward-looking statements in this press release include, without limitation, the use of proceeds of the Offering. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, the risk factors set out in Falco’s annual and/or quarterly management discussion and analysis and in other of its public disclosure documents filed on SEDAR+ at www.sedarplus.ca, as well as all assumptions regarding the foregoing. Although the Corporation believes the forward-looking statements in this news release are reasonable, it can give no assurance that the expectations and assumptions in such statements will prove to be correct. Consequently, the Corporation cautions investors that any forward-looking statements by the Corporation are not guarantees of future results or performance and that actual results may differ materially from those in forward-looking statements.

SOURCE Falco Resources Ltd.

View original content: http://www.newswire.ca/en/releases/archive/October2025/17/c3356.html

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Titan Mining (TSX:TI,OTCQB:TIMCF) is on track to start producing natural graphite concentrate at its Empire State operation in Gouverneur, New York, positioning itself as the first near-term US supplier.

“China’s decision to tighten graphite exports underscores the importance of having a secure domestic supply of natural graphite,” said Titan President and CEO Rita Adiani in a Tuesday (October 14) release. “Natural graphite touches every strategic sector — from defense to energy to AI data centers — and the U.S. currently produces none of it.

“Titan is changing that by re-establishing natural flake graphite production and high-purity graphite processing here at home to support the technologies and systems that keep America strong,” she added.

Titan’s integrated demonstration facility will process material from the company’s wholly owned Kilbourne deposit, which is adjacent to the Empire State operation. The program is designed to validate commercial-scale recoveries and produce offtake samples for US and allied industrial, defense and energy customers.

Commissioning of the facility is expected this quarter, with customer qualification in Q1 2026.

If the demonstration phase is successful, Titan’s plan is for a commercial-scale facility to eventually ramp up to 40,000 metric tons per year, which is enough to meet roughly half of current US natural graphite demand.

The announcement from Titan comes as China, which dominates global graphite supply, expands its export controls on key materials. In recent months, Beijing has imposed new restrictions on artificial graphite and blended anode materials under MOFCOM Announcement No. 58 (2025); it has put similar curbs on rare earths.

The measures are expected to further strain global feedstock availability for electric vehicle and battery manufacturing, intensifying pressure on western countries to develop their own supply chains.

Titan’s move also coincides with growing US government efforts to rebuild domestic capacity in critical minerals.

In August, the Department of Energy announced nearly US$1 billion in new funding opportunities to boost mining and processing of such minerals, including graphite. A recent study from the University of Michigan found that the US holds enough natural graphite reserves — over 7 million metric tons — to meet projected demand through 2040.

However, the research underscores major economic and quality hurdles.

“Currently, China dominates the global supply of graphite and there are concerns about supply chain security,” said Gregory Keoleian, professor at the University of Michigan School for Environment and Sustainability.

While US deposits are sufficient, they are of lower grade than those found abroad, making domestic production costlier. Despite these challenges, the researchers argue that US production could deliver both climate and strategic benefits.

“We also looked at the carbon footprint of graphite and it’s likely that there would be a decrease in greenhouse gas emissions with production in the United States compared with China,” Keoleian added.

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

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The US Department of Defense has canceled its long-awaited plan to buy up to US$500 million worth of cobalt, a mineral vital to electric vehicles, jet engines and advanced weapons systems.

The Defense Logistics Agency (DLA) confirmed the cancellation in a notice published Wednesday (October 15), saying there are “outstanding issues with the Statement of Work that need resolution before offers may be solicited.”

The decision comes after months of delays and moving deadlines. The agency added that the solicitation will be “re-issued with a new opening and closing date” once the matter is resolved.

The DLA first issued the tender in mid-August, seeking bids for up to 7,500 metric tons of alloy-grade cobalt over the next five years, with spending ranging from US$2 million to a maximum ofUS $500 million.

The offer window, which was initially due to close on August 29, was extended several times, ultimately to Wednesday.

The abrupt cancellation is being viewed as a setback to the American government’s ongoing strategy of stockpiling domestic supplies, especially as western nations race to reduce reliance on China for raw materials.

Cobalt plays a central role in rechargeable batteries used in electric vehicles and consumer electronics, as well as in the high-temperature alloys that power jet engines and industrial gas turbines.

The metal also has defense applications, including in precision munitions and magnetic systems.

Currently, China dominates the processing of cobalt and has built a significant state stockpile, while the Democratic Republic of Congo (DRC) produces roughly three-quarters of the world’s supply.

The cobalt market has also seen shifting volatility. In recent months, prices have doubled following export restrictions from the DRC, which initially banned shipments outright before shifting to a quota system.

Benchmark prices had languished below US$10 a pound earlier this year — levels not seen in over two decades — before surging as traders scrambled to adjust to the new policy.

The DLA had restricted its call for offers to three major suppliers: Vale’s (NYSE:VALE) operations in Canada, Sumitomo (OTC Pink:SSUMF,TSE:8053) in Japan, and Glencore’s (LSE:GLEN,OTC Pink:GLCNF) Nikkelverk refinery in Norway.

In April, US President Donald Trump invoked emergency powers to spur domestic production of critical minerals, part of a broader plan to reduce foreign dependence and strengthen national security.

The White House has also created a National Security Council office led by former mining executive David Copley to coordinate supply chain strategy across agencies.

The push to secure materials like cobalt, lithium and rare earth elements has taken on greater urgency as the US-China trade war ramps up, with China tightening export restrictions on rare earths last week.

Despite the suspension of efforts, officials insist the cobalt project is not abandoned. The DLA affirmed that solicitation is expected to be reopened with updated terms once it resolves its contracting issues.

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

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