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Senate GOP hurtles toward nuclear option after deal with Dems falls apart

Last-minute closed-door talks between Senate Republicans and Democrats failed to prevent a ‘nuclear option’ in the upper chamber, as frustrations on both sides killed a deal to move ahead with President Donald Trump’s nominees.  

Lawmakers were inching closer to a deal that would have allowed sub-Cabinet-level nominees to be voted on in bunches, but neither side could reach a final agreement.

Senate Republicans argued that a majority of their counterparts agreed with the new proposal, but that Senate Minority Leader Chuck Schumer, D-N.Y., was still standing in the way.

‘I think the majority of Democrats are on board with it,’ Sen. James Lankford, R-Okla., told Fox News Digital. ‘And Schumer is blocking it from actually having consent to come to the floor.’

The failed deal was a modified version of a proposal first unveiled by Senate Democrats in 2023, and would have allowed 15 nominees to be batched together en bloc and voted on while still requiring two hours of debate for the group.

But when Lankford brought the proposal to the floor for consideration, Sen. Brian Schatz, D-Hawaii, blocked it.

Schatz argued that Senate Republicans were trying to rush through the negotiating process ahead of their plan to leave Washington for the weekend.

‘What they’re asking for is unanimity, and we don’t have it,’ he said. ‘And so, if you’re interested in enacting this on a bipartisan basis, the process for doing that — It is available to you. But again, it’s more a matter of running out of patience than running out of time.’

Senate Majority Leader John Thune, R-S.D., fired back ‘how much time is enough?’

‘Give me a break,’ he said. ‘Two years. Not long enough. How about eight months? Eight months of this.’

With the prospects of bipartisan deal to move nominees through Democrats’ blockade, Senate Republicans are expected to continue down the path of the ‘nuclear option.’

That means that their initial proposal, which would allow for an unlimited number of sub-cabinet level nominees to be voted on en bloc with 30 hours of debate tacked on, is expected to pass with a simple majority, and effectively change the confirmation process in the Senate.

‘We are achingly close to doing this like adults,’ Schatz said.

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Ryan Routh trial continues after agent testifies suspect aimed rifle at him on Trump’s golf course

The fifth day of trial is slated to kick off in Fort Pierce, Florida on Friday for the case of Ryan Routh, who faces charges for attempting to assassinate President Donald Trump at his West Palm Beach golf club in September 2024.

On Thursday, then-Secret Service Special Agent Robert Fercano testified on behalf of the government that Routh pointed a rifle at his face while hiding out in shrubbery at the golf course. 

Fercano, currently assigned to Homeland Security Investigations, said he was scanning the sixth hole while Trump was playing the fifth when he ‘noticed several abnormalities on the fence line.’ 

‘There appeared to be a face, a barrel of a weapon and what I perceived to be plates, like Humvee plates like I saw in the Marine Corps,’ Fercano told Assistant U.S. Attorney Maria Medetis Long on Thursday. 

Fercano said that he initially thought he may have spotted a homeless person, but then noticed the barrel followed him and that the weapon was ‘pointed directly at my face.’ 

‘This appeared to be a textbook ambush scenario,’ Fercano said. 

Routh also questioned Fercano – and used his time to ask a series of questions regarding sniper tactics. 

‘As far as being a sniper, what would be the best stance to shoot people? Standing, crouching, laying down?’ Routh asked. 

‘I wasn’t a sniper … it depends,’ Fercano said. 

Others who testified Thursday included Tommy McGee, a government witness and a civilian who heard gunshots break out the day of the alleged assassination attempt and took a photo of Routh and his car. 

‘He looked frantic,’ McGee said Thursday. ‘He ran right in front of me. We looked at each other… it looked like he was trying to get away.’

When Justice Department prosecutor John Shipley asked McGee if Routh was the same man he saw the day of the alleged assassination attempt, McGee said yes. 

According to prosecutors, Routh laid out the groundwork to kill Trump for weeks, and hid out in shrubbery on Sept. 15, 2024, when a Secret Service agent, Fercano, identified him pointing a rifle at Trump while the then-presidential candidate played golf. Although Routh pointed his rifle at the agent, he then abandoned his weapon and the scene after Fercano opened fire.

Routh was later apprehended by the Martin County, Florida, Sheriff’s Office on the I-95 interstate in a black Nissan Xterra. 

According to the Justice Department, he is charged with attempted assassination of a major presidential candidate; possessing a firearm in furtherance of a crime of violence; assaulting a federal officer; felon in possession of a firearm and ammunition; and possession of a firearm with an obliterated serial number. Routh also faces state charges related to terrorism and attempted murder. 

Routh, who has pleaded not guilty to all charges, was previously convicted of felonies in North Carolina in 2002 and 2010. 

Routh, 59, is representing himself in his trial – a process known as ‘pro se.’ Routh sent a letter to U.S. District Judge Aileen Cannon in June notifying her of his decision to represent himself. 

‘I will be representing myself moving forward; it was ridiculous from the outset to consider a random stranger that knows nothing of who I am to speak for me,’ Routh said in the letter. ‘That was foolish and ignorant, and I am sorry-a childlike mistake.’ 

Cannon approved the move in July, although she said that she believes it’s not a good idea for Routh to represent himself in this case. Routh has said he went to college for two years after receiving a GED certificate and told Cannon he was prepared to navigate any challenges that could come from representing himself. 

Despite Routh’s decision to act singularly, court-appointed attorneys are still on call to provide standby counsel. 

Fox News’ Jamie Joseph, Jake Gibson, Olivianna Calmes, Heather Lacey and The Associated Press contributed to this report.

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GOP triggers nuclear option in Senate to break Dem blockade of Trump nominees

After an attempt to secure a bipartisan deal failed, Senate Republicans went nuclear for the fourth time in the Senate’s history Thursday to speed up confirmation of President Donald Trump’s nominees.

Republicans had threatened turning to the ‘nuclear option,’ which would allow for a rule change with a simple majority vote, to blast through the blockade from Senate Democrats and Senate Minority Leader Chuck Schumer, D-N.Y. 

Lawmakers were frustrated that, through the first eight months of Trump’s presidency, not a single nominee had moved through fast-track unanimous consent or voice votes.

Senate Majority Leader John Thune, R-S.D., argued it shouldn’t have come as a surprise to Democrats what Republicans intended to do. 

‘I’ve been saying all week, ‘We’re going to vote on this on Thursday, one way or the other,” Thune said. 

‘We’re going to change this process in a way that gets us back to what every president prior has had when it comes to the way that these nominees are treated here in the United States Senate — by both sides, Republicans and Democrats; both presidents, Republicans and Democrats.’ 

The GOP’s rule change, which was born from a revived Democratic proposal from 2023, will now allow lawmakers to vote on Trump’s nominees in batches.

Senate Republicans’ rule change, which has been pitched as beneficial to the current and future administrations, would only apply to nominees subject to the Senate’s requirement for two hours of debate, which includes sub-Cabinet-level positions and executive branch picks.

Judicial nominees, like district court judges and district attorneys, don’t fall under the rule change. Lawmakers are expected to plow through dozens of nominees early next week under the new rules with the intent of clearing the backlog of Trump’s picks, which grew to more than 140 and counting. 

With the change in place, it will only take a simple majority vote to confirm the picks. Still, the decision to do bloc packages will require 30 hours of debate before a final confirmation vote. 

Schumer panned the move and contended Republicans had turned the Senate into ‘a conveyor belt for unqualified Trump nominees.’

‘This is a sad, regrettable day for the Senate, and I believe it won’t take very long for Republicans to wish they had not pushed the chamber further down this awful road,’ he said. 

However, before resorting to the nuclear option, lawmakers were close to a bipartisan deal that would have allowed for 15 nominees to be voted on in groups with two hours of debate.

Sen. Brian Schatz, D-Hawaii, blocked the new proposal on the floor and argued that Senate Republicans were trying to rush through the negotiating process ahead of their plan to leave Washington for the weekend.

‘What they’re asking for is unanimity, and we don’t have it,’ he said. ‘And, so, if you’re interested in enacting this on a bipartisan basis, the process for doing that — it is available to you. But, again, it’s more a matter of running out of patience than running out of time.’

A frustrated Thune fired back, ‘How much time is enough?

‘Give me a break,’ he said. ‘Two years. Not long enough. How about eight months? Eight months of this.’

The nuclear process began earlier this week when Thune teed up 48 nominees, all of which moved through committee on a bipartisan basis, for confirmation on the floor.

‘It’s time to move,’ Thune said. ‘Time to quit stalling. Time to vote. It’s time to fix this place. And the ideal way to fix it would be in a bipartisan way.’

Both parties have turned to the nuclear option a handful of times since 2010. In 2013, Senate Majority Leader Harry Reid, D-Nev., used the nuclear option to allow for all executive branch nominees to be confirmed by simple majority.

Four years later, Senate Majority Leader Mitch McConnell, R-Ky., went nuclear to allow for Supreme Court nominees to be confirmed by a simple majority. In 2019, McConnell reduced the debate time to two hours for civilian nominees.

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Secret Service agent details ‘textbook ambush,’ bizarre self-representation in Ryan Routh trial

The first day of opening statements in Ryan Routh’s federal trial ended with Judge Aileen Cannon noting the case was ‘moving at a pretty fast clip,’ after a lengthy day of testimony that put the Secret Service agent who spotted Routh in the bushes, a civilian witness who chased him down, and FBI agents on the stand.

Routh is accused of attempting to assassinate President Donald Trump last year while he was golfing.

The morning began with Routh’s own rambling opening statement, which lasted just seven minutes before Cannon cut him off for going off-topic.

‘What is intent? … Why are we here? What is our intent? To love one another … Is this so difficult?’ Routh asked. He went on to reference Adolf Hitler, Vladimir Putin, Sudan’s civil war and Israeli Prime Minister Benjamin Netanyahu.

‘We have limited patience, and you don’t have unlimited license to go forward and make a mockery of the dignity of this courtroom,’ Cannon told him.

Federal prosecutors opened their case against Routh on Thursday, telling the 12 jurors he had come ‘within seconds’ of assassinating Trump during a round of golf in West Palm Beach last year.

Assistant U.S. Attorney John Shipley read Routh’s own words to the jury — ‘Trump cannot be elected’ and ‘I need Trump to go away’ — before laying out what he described as a ‘deadly serious’ plan to kill a major presidential candidate.

Shipley said Routh had traveled from Hawaii to the mainland with a Chinese military-grade assault rifle, 20 rounds of ammunition, 10 burner phones, three aliases, stolen license plates and ‘a trail of lies from Honolulu to Florida.’

Jurors then heard from Special Agent Robert Fercano, who testified he was five feet away when he saw Routh’s face and the barrel of a rifle pointing directly at him on the sixth hole of Trump International Golf Course. ‘

‘This appeared to be a textbook ambush scenario,’ he told the jury, describing how he fired while walking backward to cover. Prosecutors showed the Chinese-made SKS rifle and played Fercano’s radio calls, where ‘shots fired, shots fired, shots fired’ could be heard.

Routh, representing himself, opened his cross-examination with: ‘Good to see ya. First question, is it good to be alive?’ Fercano replied, ‘Yes, it is good to be alive.’ The agent repeatedly identified Routh as the man who smiled at him from the bushes.

Later, jurors heard from Tommy McGee, a mental health professional who testified he saw a frantic man running from the golf course and later helped authorities track down Routh’s black Nissan Xterra. McGee identified Routh in court and in video shown to the jury. Routh’s cross-examination drew objections after he asked McGee if he supported Trump and whether ‘Madea, Beyoncé and Michelle Obama will be mad’ if he did.

Additional agents who testified described recovering the rifle and other gear, and processing Routh after his arrest. One FBI agent displayed the clothing Routh allegedly wore the day he was captured, along with a debit card in his name.

Routh’s questions grew increasingly odd as the afternoon wore on — at one point asking an agent whether ‘someone who loses things’ might drill a hole in a debit card to keep it on a key ring.

Routh has pleaded not guilty to federal charges of attempting to assassinate a major presidential candidate and assaulting a federal officer. Prosecutors say he had been armed with an AK-style rifle when Secret Service agents stopped him near Trump’s golf course in West Palm Beach in September 2024. The attempt came just months after Trump had been shot and narrowly survived an assassination attempt in Butler, Pennsylvania.

The trial resumes Friday morning in Fort Pierce federal court.

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Rubio warns Brazil of US response after Bolsonaro’s conviction for plotting a coup

U.S. Secretary of State Marco Rubio said on Thursday that the U.S. would respond after former Brazilian President Jair Bolsonaro was convicted of plotting a coup to remain in power after his loss in the 2022 election, although the secretary did not go into detail about what a U.S. response would look like.

‘The political persecutions by sanctioned human rights abuser Alexandre de Moraes continue, as he and others on Brazil’s supreme court have unjustly ruled to imprison former President Jair Bolsonaro,’ Rubio wrote on X.

‘The United States will respond accordingly to this witch hunt,’ he continued.

Brazil’s Foreign Ministry argued that Rubio’s comment represented a threat that ‘attacks Brazilian authority and ignores the facts and the compelling evidence in the records.’

The ministry said Brazilian democracy would not be intimidated by the U.S. government.

Bolsonaro was sentenced to 27 years and three months in prison when he was convicted by the country’s Supreme Court on Thursday on charges of plotting a coup to stop President Luiz Inácio Lula da Silva from taking office in January 2023.

The former Brazilian leader was a close ally of U.S. President Donald Trump during the first Trump administration.

‘Well, I watched that trial. I know him pretty well. I thought he was a good president of Brazil, and it’s very surprising that could happen very much like they tried to do with me, but they didn’t get away with it at all,’ Trump told reporters, noting the legal cases against the U.S. president in recent years at the state and federal level, which included his conviction in New York.

‘But I can always say this: I knew him as president of Brazil. He was a good man,’ he added.

Trump has criticized the Brazilian judicial system and threatened tariffs on the country for its case against Bolsonaro.

In July, the U.S. president placed 50% tariffs on most Brazilian goods in response to a ‘witch hunt’ against Bolsonaro. He later exempted some Brazilian exports, including passenger vehicles and numerous parts and components used in civil aircraft.

Brazilian Supreme Court Justice Alexandre de Moraes, his unspecified allies on the court and his immediate family members will face visa revocations, according to Rubio, who criticized what he called a ‘political witch hunt’ against the former president.

That same month, Rubio announced visa revocations on Brazilian Supreme Court Justice Alexandre de Moraes, who presided over Bolsonaro’s criminal case, and his unspecified allies on the court after the court issued search warrants and restraining orders against Bolsonaro.

The U.S. Treasury Department had also sanctioned the judge over allegations of authorizing arbitrary pre-trial detentions and suppressing freedom of expression.

Bolsonaro’s son, Brazilian Congressman Eduardo Bolsonaro, said he anticipates additional U.S. sanctions against Brazilian justices following his father’s conviction.

‘We are going to have a firm response with actions from the U.S. government against this dictatorship that is being installed in Brazil,’ he told Reuters on Thursday.

He warned that justices who voted to convict the former president could face sanctions under the Magnitsky Act, which was previously used by the Trump administration against de Moraes.

‘If these Supreme Court justices keep following Moraes, they also run the risk of facing the same sanction,’ he said.

Reuters contributed to this report.

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Allied Critical Metals Expands Santa Helena Breccia in Borralha with Long Tungsten Intercepts and Confirms High-Grade Trend

Highlights:

  • The latest drill results build on Bo_RC_14/25 drill hole (previously released as 12.0 metres @ 4.27% WO₃ from 252.0 metres, incl. 6.0 metres @ 8.39% WO₃ from 252.0 metres) and collectively suggests a larger and higher-grade Breccia complex than previously modeled.
  • Bo_RC_17/25 results included 100.0 metres @ 0.21% WO₃ from 52.0 metres, including
    • 32.0 metres @ 0.33% WO₃ (MF 10.6 m%) from 92.0 metres, including 
    • 14.0 metres @ 0.52% WO₃ (MF 5.2 m%) from 106.0 metres, including 
    • 6.0 metres @ 0.74% WO₃ (MF 4.4 m%) from 110.0 metres
      South infill drill hole confirms bulk-mineable medium-grade core with well-defined high-grade corridors.
  • Bo_RC_15/25 results included 2.0 metres @ 0.97% WO₃ from 164.0 metres
    South-west deep step-out drill hole with a high-grade intersection consistent with previously reported Bo_RC_14/25 drill hole.
  • Bo_RC_22/25 results included 64.0 metres @ 0.12% WO₃ from 284.0 metres, including 
    • 16.0 metres @ 0.21% WO₃ from 316.0 metres
      New northern deep lode opens a new northern vector for resource growth.

Allied Critical Metals Inc. (CSE: ACM,OTC:ACMIF) (OTCQB: ACMIF) (FSE: 0VJ0) (‘Allied’ or the ‘Company’), which is focused on its 100% owned past producing Borralha and Vila Verde tungsten projects in northern Portugal, is pleased to announce additional significant assay results from its ongoing 4,200 metres reverse circulation (RC) drilling campaign at its Borralha Tungsten Project. The latest results from drill holes Bo_RC_1525, Bo_RC_1725, and Bo_RC_2225 extend mineralization both west and north of the previously announced Bo_RC_1425 high-grade intercept, reinforcing that the Santa Helena Breccia within the Borralha Project is emerging as a larger and higher-grade orebody than previously modeled. The Company will commence an additional fully funded 1,528 metre drilling in the fourth quarter of 2025 to build off the drilling success in July.

The results are especially timely as tungsten price has now reached a new high of U.S.$550/MTU, which is an increase of more than 40% over the past four months as demand for the critical mineral increases in the face of further supply chain restrictions from non-Western countries [Source: FastMarkets].

Roy Bonnell, CEO & Director of Allied, commented: ‘These thick, continuous intervals in the central-south and the new northern deep lode materially expand the working envelope at the Santa Helena Breccia in Borralha. Together with the previously reported ultra-high-grade intercept in Bo_RC_14/25, we see clear evidence of a system that is both bigger and better than we initially assumed. This is exactly the kind of data we want feeding into the upcoming Mineral Resource Estimate (MRE) and Preliminary Economic Assessment (PEA). Moreover, the results demonstrate the potential of Borralha as a key strategic, safe, and secure source of tungsten for Portugal, the EU and NATO.’

João Barros, President & COO of Allied, stated: ‘Tungsten is recognized by the European Union as both a critical and strategic raw material under the CRMA. With Europe producing less than 3% of its annual needs and facing increasing Chinese export restrictions, the Borralha Project represents a vital opportunity to strengthen secure, Western-aligned supply chains. Our work directly supports the EU target of sourcing at least 10% of its critical raw materials domestically by 2030, while reinforcing Portugal’s role as a key contributor to Europe’s strategic independence. ‘

General (Ret.) James A. ‘Spider’ Marks, Director of the Company’s U.S. subsidiary, stated: ‘Expanding the mineral resource at the Borralha Project is an essential next step in path to fulfilling the immense need in Portugal, the EU, NATO and the United States for tungsten powders, concentrates and other byproducts. The U.S. and NATO defense military complexes are dependent on tungsten. Without domestic supply of tungsten, the Borralha Project becomes a very important piece to the critical mineral supply chains for the United States and NATO.’

These latest drilling results are highly significant because they combine both scale and grade. The long intercepts at 0.21-0.33% WO₃ in Bo_RC_17/25 are particularly meaningful in wolframite systems. In addition, the drilling program is clearly growing the footprint of the Breccia complex. The Bo_RC_22/25 delineates a northern deep lode, while Bo_RC_15/25 ties the west-deep high-grade corridor back to the main body-both lines of evidence supporting a larger Santa Helena Breccia, the principal mineralized body at Borralha Project.

Table 1 – Drill Hole Collar Locations

Drill Hole ID Coordinates (WGS84) Az.(º) Dip.(º) PFD (m) DEPTH (m)
Bo_RC_14/25 585445 4611405 109 80 250 264.00
Bo_RC_15/25 585347 4611368 109 70 300 255.00
Bo_RC_16/25 585406 4611329 105 60 240 251.00
Bo_RC_17/25 585426 4611295 109 75 250 255.00
Bo_RC_18/25 585461 4611431 109 75 300 241.00
Bo_RC_19/25 585470 4611493 109 82 350 247.00
Bo_RC_21/25 585484 4611552 109 85 400 370.00
Bo_RC_22/25 585484 4611552 109 70 360 375.00
Bo_RC_26/25 585586 4611449 289 60 400 287.00

 

Table 2 – Drill Hole Interval Highlights

Drill Hole ID From (m) To (m) DH length (m) [1] True factor [1] True Width (m) [1] WO3 (%)
Bo_RC_14/25 52.0 64.0 12.0 tbd [2] – [2] 4.27
incl. 52.0 58.0 6.0 tbd [2] – [2] 8.39
Bo_RC_15/25 164.0 166.0 2.0 0.88 1.8 0.97
Bo_RC_17/25 52.0 152.0 100.0 0.90 89.9 0.21
incl. 92.0 124.0 32.0 0.90 28.8 0.33
incl. 106.0 120.0 14.0 0.90 12.6 0.52
incl. 110.0 116.0 6.0 0.90 5.4 0.74
Bo_RC_22/25 284.0 348.0 64.0 tbd [2] – [2] 0.12
incl. 316.0 332.0 16.0 tbd [2] – [2] 0.21

 

Notes: [1] Reported intervals are downhole lengths. Estimated true widths were calculated from hole orientation and the interpreted geometry of the mineralized corridors. Estimates may vary locally where geometry changes. Where intervals fall outside the resource block-model domains, true widths are not estimated and only downhole lengths are reported. [2] True widths are unknown.

Figure 1 – Drill collar plan showing planned holes for the ongoing 5,728 m RC campaign at the Borralha Project. The red outline delineates the main mineralized breccia zone.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11632/265932_59740f4fd42498c1_001full.jpg

Figure 2 – Geological Cross-Section for hole Bo_RC_17/25.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11632/265932_59740f4fd42498c1_002full.jpg

Geologic Interpretation

The geologic interpretation indicates that the Santa Helena Breccia is expanding: the combination of broad medium-grade intervals and discrete high-grade intercepts points to a larger, better-connected breccia body than previously modeled. Priority vectors for follow-up include the west-dip high-grade trend (Bo_RC_14/25 and Bo_RC_15/25) and the northern wider deep lode (Bo_RC_22/25), which will guide near-term drilling and feed the Q4 2025 MRE and subsequent PEA workstreams.

Next steps

Ongoing drilling continues to target west-deep and northern extensions while tightening spacing across the MRE backbone. Additional assays from completed holes will be released as received and validated. The program remains aligned with the timeline toward an updated MRE (Q4 2025) and PEA thereafter.

Technical Information and Quality Assurance/Quality Control (QA/QC)

Drilling was completed using reverse-circulation (RC). All sample bags were pre-labelled with a unique internal sequence number used consistently for the assay sample and corresponding reject. Sampling was conducted on 2.0 m intervals for analytics. For each 2.0 m interval, two 1.0 m reject samples were also collected as representative splits. Splitting was performed at the rig via a rotary splitter integral to the RC cyclone.

Sampling followed pre-prepared sample lists that recorded downhole metreage, sequence, and the placement of Certified Reference Materials (CRMs) and field duplicates. CRMs were inserted at a rate of 1 in 20 samples (5%) and field duplicates at 1 in 20 samples (5%), arranged so that every 10th sample alternated between a CRM and a duplicate.

Analytical and reject samples were boxed at the drill site and transported by company personnel to the project core/logging facility. Analytical samples were stored on labelled pallets pending direct shipment to ALS’s preparation laboratory in Seville, Spain. Pulps and rejects were subsequently stored securely in the project logging room.

At ALS Seville, samples were crushed to 70% passing 2 mm, riffle-split to ~250 g, and pulverized using hardened steel to 85% passing 75 μm. Pulps were shipped to ALS Loughrea (Ireland) for analysis. The primary analytical method was ME-MS81 (lithium borate fusion with ICP-MS finish). Base metals were also reported using ME-4ACD81 (four-acid digestion with ICP-MS finish). Over-limit tungsten results were re-assayed using W-XRF15b (lithium borate fusion with XRF). Analytical results were delivered directly by ALS to the Company via secure electronic transfer.

To the best of the Company’s knowledge, no drilling, sampling, recovery, or other factors have been identified that would materially affect the accuracy or reliability of the data referenced herein.

Where reported, metal factor (m·%WO₃) is the product of interval length and grade and is provided as supplemental context only. Primary disclosure remains the reported grade and interval length (and true width where known).

Qualified Person

The scientific and technical information in this news release has been reviewed and approved by Mr. Vítor Arezes, BSc, MIMMM (QMR) (Membership Nº. 703197, Vice-President Exploration of Allied Critical Metals, who is a Qualified Person for the purposes of National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Mr. Arezes is not independent of Allied Critical Metals Inc. as he is an officer of the Company.

Understanding Tungsten

To understand tungsten, it is critical to understand the difference between wolframite tungsten mineralization and scheelite tungsten mineralization. Scheelite often reports higher grades (0.3%-1.0% WO₃) but is more costly and complex to process, requiring flotation methods with higher capital and operating expenditures and lower recoveries.i In contrast, wolframite, which is the focus of Allied, can be processed more efficiently using gravity and magnetic separation, resulting in lower costs and higher recoveries, making lower grades (~0.15%-0.25% WO₃) economically viable in wolframite deposits. For example, a wolframite deposit with 0.4% WO₃ over 3 metres can be more profitable than a scheelite deposit with 0.7% WO₃ over the same interval due to lower processing costs and higher recovery rates.ii

In Western exploration drilling, tungsten grades typically range from 0.3% to 1.0% WO₃.iii The cut-off grade for economic viability is generally around 0.1% WO₃, with highly efficient operations able to mine at grades as low as 0.08% WO₃. Skarn deposits, a common deposit type, typically range from 0.34% to 1.4% WO₃, with intercepts of 0.4% WO₃ over 1-5 metres considered very good and 0.7% WO₃ over 1-3 metres considered very high-grade.iv Intercept lengths can range from 0.6 metres to over 100 metres, with longer intercepts at strong grades generally preferred for economic mining.

Published exploration results in Western jurisdictions demonstrate the standards for wolframite, with reported intercepts such as ~9-15 m @ 0.6-0.8% WO₃, ~18 m @ 1.0% WO₃, and typical intervals of 1-5 m @ 0.25-0.5% WO₃. A result like 0.5% WO₃ over 3 metres is generally considered strong within Western tungsten exploration benchmarks, especially for wolframite tungsten mineralization.v

It is also important to recognize that China, Russia, and North Korea control approximately 87% of the world’s tungsten supply, using cheap labor and minimal environmental standards in authoritarian regimes. vi As a result, production costs and grades in these countries are not comparable to Western projects, which operate under higher labor, ESG, and energy cost structures. Evaluating projects outside these regions provides a realistic benchmark for what grades and intercepts are economically viable while supporting secure, NATO-aligned supply chains.

For Allied, this context is significant. Wolframite tungsten grades, ranging from 0.2% to 1.0% WO₃ are strong global wolframite benchmark values. The Company’s focus on wolframite ensures lower processing costs and higher recoveries, supporting project economics even at lower grades. Allied’s operations in secure jurisdictions align with Western critical mineral needs, avoiding geopolitical risks associated with China and Russia while positioning the Company to benefit from growing tungsten demand across defense, aerospace, and electrification sectors. Allied’s strong grades, low-cost processing advantages, and secure location position it as a strategic and responsible tungsten exploration company, well placed to support robust project economics in a rising-demand market. vii

*The results and intercepts referenced are drawn from publicly available disclosures of third-party mineral projects and are presented for industry benchmarking and comparison purposes only. Allied has no interests in those projects or entities.

ON BEHALF OF THE BOARD OF DIRECTORS,

‘Roy Bonnell’

Roy Bonnell, CEO and Director

For further information or investor relations inquiries, please contact:

Dave Burwell
Vice President, Corporate Development
Email: daveb@alliedcritical.com
Tel: 403-410-7907
Toll Free: 1-888-221-0915

ABOUT Allied Critical Metals

Allied Critical Metals Inc. (CSE: ACM,OTC:ACMIF) (OTCQB: ACMIF) (FSE: 0VJ0) is a Canadian-based mining company focused on the expansion and revitalization of its 100% owned past producing Borralha Tungsten Project and the Vila Verde Tungsten Project in northern Portugal with advantageous wolframite tungsten mineralization. Tungsten has been designated a critical metal by the United States and other western countries, as they are aggressively seeking friendly sources of this unique metal. Currently, China, Russia and North Korea represent approximately 86% of the total global supply and reserves. Tungsten is used in a variety of industries such as defense, automotive, manufacturing, electronics, and energy.

Please also visit our website at www.alliedcritical.com.

Also visit us at:

LinkedIn: https://www.linkedin.com/company/allied-critical-metals-inc
X: https://x.com/@alliedcritical/
Instagram: https://www.instagram.com/alliedcriticalmetals/

The Canadian Stock Exchange does not accept responsibility for the adequacy or accuracy of this release.

Cautionary Statement Regarding Forward-Looking Information

This news release contains ‘forward-looking statements’, including with respect to the use of proceeds. Wherever possible, words such as ‘may’, ‘would’, ‘could’, ‘should’, ‘will’, ‘anticipate’, ‘believe’, ‘plan’, ‘expect’, ‘intend’, ‘estimate’, ‘potential for’ and similar expressions have been used to identify these forward-looking statements. These forward-looking statements reflect the current expectations of the Company’s management for future growth, results of operations, performance and business prospects and opportunities and involve significant known and unknown risks, uncertainties and assumptions, including, without limitation, those listed in the Company’s Listing Statement and other filings made by the Company with the Canadian securities regulatory authorities (which may be viewed under the Company’s profile at www.sedarplus.ca ). Examples of forward-looking statements in this news release include, but are not limited to, statements regarding the proposed timeline and use of proceeds for exploration and development of the Company’s mineral projects as described in the Company’s Listing Statement, news releases, and corporate presentations. Should one or more of these risks or uncertainties materialize or should assumptions underlying the forward-looking statements prove incorrect, actual results, performance or achievements may vary materially from those expressed or implied by the forward-looking statements contained in this news release. These factors should be considered carefully, and prospective investors should not place undue reliance on the forward-looking statements. This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statements and reference should also be made to the Company’s Listing Statement dated April 23, 2025 and news release dated May 16, 2025, and the documents incorporated by reference therein, filed under its SEDAR+ profile at www.sedarplus.ca for a description of additional risk factors. The Company disclaims any intention or obligation to revise forward-looking statements whether as a result of new information, future developments or otherwise, except as required by law.

i International Tungsten Industry Association (ITIA). (2023). Tungsten: Global industry, markets & outlook. Retrieved from https://www.itia.info

ii International Tungsten Industry Association (ITIA). (2023). Tungsten: Global industry, markets & outlook. Retrieved from https://www.itia.info

iii US Geological Survey (USGS). (2024). Mineral commodity summaries: Tungsten. Retrieved from https://pubs.usgs.gov/periodicals/mcs2024/mcs2024-tungsten.pdf

iv British Geological Survey (BGS). (2023). Tungsten fact sheet. Retrieved from https://www.bgs.ac.uk/downloads/start.cfm?id=1408

International Tungsten Industry Association (ITIA). (2023). Tungsten: Global industry, markets & outlook. Retrieved from https://www.itia.info

v Argus Media Group. (2025). Argus Tungsten Monthly Outlook. Issue 26-6, 11 June 2025. https://argusmedia.com

vi International Tungsten Industry Association (ITIA). (2023). Tungsten: Global industry, markets & outlook. Retrieved from https://www.itia.info

US Geological Survey (USGS). (2024). Mineral commodity summaries: Tungsten. Retrieved from https://pubs.usgs.gov/periodicals/mcs2024/mcs2024-tungsten.pdf

vii International Tungsten Industry Association (ITIA). (2023). Tungsten: Global industry, markets & outlook. Retrieved from https://www.itia.info

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/265932

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Bold Ventures Announces Prospecting and Sampling Results and Mobilizes Crew to Burchell Gold and Copper Project

Bold Ventures Inc. (TSXV: BOL,OTC:BVLDF) (the ‘Company’ or ‘Bold’) is pleased to announce the results of a prospecting and sampling program on its Burchell Gold and Copper Property (the ‘Property’), located within the Shebandowan Greenstone Belt, approximately 100 km west of Thunder Bay, Ontario. 209 grab samples and 42 channel samples were collected in total. The goal of this phase of work was preparation for a mechanical stripping, sampling and geological mapping program at the 111 Zone gold showing and surroundings. A crew has been mobilized for the mechanical stripping program which will commence immediately.

Highlights from the program include:

  • Verification of gold mineralization at historic trenches in the southwest part of the Property, with one sample returning 3.38 g/t Au.
  • New gold-silver showing south of the 111 Zone, with a maximum of 952 ppb Au and 300 ppm Ag.

Prospecting was carried out over a flagged 800 m by 1 km grid centered on the 111 Zone, where grab samples returned from 10 ppb Au up to 68 g/t Au last Fall (see Bold news release dated January 9, 2025), and along strike to the southwest towards the western Property boundary. Additional locations both along and across strike were sampled. Limited channel sampling was carried out where outcrop could be accessed by hand stripping. In total, 42 samples were collected (see Table 2 and Figure 2 for significant channel sample results).

Limited channel sampling at the 111 Zone revealed that the anomalous gold zone is at least 4.5 to 6.5 meters wide (apparent width), open to the southeast, where outcrop exposure terminated under overburden and along strike in both directions. The highest value obtained was 2.1 g/t Au (and 1250 ppm Cu) over 0.5 meters, with 14 samples in the 100-500 ppb Au range. 3 samples also returned 0.1% or greater zinc, with a maximum of 0.27% Zn over 0.7 m (see Table 2 and Figure 2).

Combined with previous geological mapping and sampling (2023 and 2024), airborne electromagnetic and magnetic surveys (2006, 2019), and historical data compilation, the results of this sampling program will guide the mechanical stripping, mapping and sampling program commencing immediately. This first phase will expose a number of locations along an emerging anomalous gold mineralized trend that extends northeast from near the western Property boundary over a distance of approximately 2.9 km to the 111 Zone and beyond (see Figure 1). This trend appears to be associated with a magnetic low geophysical signature and remains open to the eastern boundary of the claim group which has seen very little exploration to date.

Prospecting Results

209 samples were collected during the summer prospecting program. Several new gold-in-bedrock anomalies were identified on or close to the 111 Zone flagged grid (see Figure 1). These occur close to the contacts between mafic metavolcanics and intermediate or felsic metavolcanics. Significant anomalous results include:

  • 952 ppb Au (with 260 ppm Ag, 0.44% Pb, 0.18% Zn, and 490 ppm Bi) from a 5 cm quartz vein in sheared diorite, 180 meters south-southeast of the 111 Zone, dubbed the ‘Winter Gold Occurrence.’
  • 931 ppb Au (with 300 ppm Ag, 0.54% Pb, 0.19% Zn, and 584 ppm Bi) from the same vein at Winter Gold.
  • 706 ppb Au (with 0.17% Zn and 155 ppm Mo) 780 meters west-southwest of the 111 Zone, from altered mafic volcanic rocks.
  • 207 ppb Au (with 1.34% Zn and 0.36% Pb) 450 meters west-northwest of the 111 Zone, from quartz sericite schist.
  • 412 ppb Au and 1.49% Cu in quartz sericite schist from a location 220 meters northeast of the 111 Zone.
  • At the 111 Zone 3 samples returned anomalous zinc values with a maximum of 0.28% Zn.

See Table 1 and Figure 1. New gold-in-rock anomalies are frequently associated with zinc, copper and lead pathfinders, which is consistent with the soil sampling results reported on August 18, 2025. They show that gold and base metal geochemical anomalies tend to cluster near contacts between mafic metavolcanics and felsic or intermediate metavolcanics. A follow up prospecting program is currently underway to explore these soil geochemical anomalies.

Prospecting in the southwest part of the Property also yielded new gold-in-rock anomalies (see Figure 1), which include:

  • 371 ppb Au from altered, sheared quartz feldspar porphyry (QFP) in local float, as well as two other samples >100 ppb Au in outcrop and subcrop. This new zone of sheared QFP has been dubbed the ‘Moosehead Zone’ and occurs along the side of a northwest-facing slope on the edge of low ground. This zone is located 2.5 km southwest of the 111 Zone, and like the 111 Zone occurs in a magnetic low.
  • 188 ppb Au and 106 ppb Au from altered intermediate volcanic rock and porphyritic rock respectively, from outcrop and talus, approximately 600 meters along strike to the northeast of the Moosehead Zone, along a similar slope indicating that the gold bearing rocks may also continue under overburden to the northwest.
  • 288 ppb Au from altered mafic metavolcanic rock and 118 ppb Au from sulphide iron formation, in close proximity to each other approximately 900 meters north-northwest of the Moosehead Zone.
  • 125 ppb Au from an angular boulder of intermediate volcanics with quartz-magnetite veining approximately 1.2 km north-northwest of Moosehead.

Sampling of historic trenches in the southwest part of the Property, approximately 600 meters north of the Moosehead Zone, confirmed historic gold mineralization with a highest result of 3.38 g/t Au. This area has yet to be comprehensively mapped, prospected and sampled. See Table 1 and Figure 1.

These showings demonstrate the potential for parallel zones in variable rock types across the Property. They are also all in the general vicinity of the extension of the Kawa Trend of Goldshore Resources (GSHR), along which GSHR reported a grab sample which returned 33.7 g/t Au, 0.64% Zn and 75 ppm Mo (note: the qualified person has been unable to verify results reported by GSHR and these are not necessarily indicative of mineralization present on the Burchell Property). From the southwest end of the Moosehead Zone to the northeastern-most gold anomaly on the 111 grid, a 2.9 km discontinuous gold trend has now been identified. See Figure 1.

An exploration permit which includes backhoe stripping was recently obtained by the Company (see Bold’s August 28, 2025 news release), which will allow the Company to expose the 111 Zone and sample the gold-bearing horizon in detail.

Bruce MacLachlan, President and COO of Bold Ventures, said of the results: ‘It is encouraging that numerous gold anomalies were obtained from our summer prospecting and sampling programs. New gold, silver and base metal showings along a 3 km trend within parallel zones that cross multiple rock types indicate some size potential, most notably at the 111 Zone where we will have the opportunity to expose it by backhoe and sample more thoroughly.’

QAQC Protocols

Rock samples were collected, documented and photographed in the field, then placed in sealed bags and delivered to Activation Laboratories (ActLabs) in Thunder Bay, which is an ISO / IEC 17025 accredited laboratory. Rock sample collection is subject to Bold’s internal quality assurance / quality control (QAQC) protocols, which include the insertion of blank material and certified reference material into each batch of samples submitted. Rock samples referenced in this news release were analyzed using ActLabs methods 1A2-50, a 50g fire assay with atomic absorption finish, and 1F2, a total digestion with ICP-OES finish for trace elements.

The technical information in this news release was reviewed and approved by Coleman Robertson, B.Sc., P. Geo., the Company’s V.P. of Exploration and a qualified person (QP) for the purposes of NI 43-101.

Bold Ventures management believes our suite of Battery, Critical and Precious Metals exploration projects are an ideal combination of exploration potential meeting future demand. Our target commodities are comprised of: Copper (Cu), Nickel (Ni), Lead (Pb), Zinc (Zn), Gold (Au), Silver (Ag), Platinum (Pt), Palladium (Pd) and Chromium (Cr). The Critical Metals list and a description of the Provincial and Federal electrification plans are posted on the Bold Critical and Battery Minerals page.

About Bold Ventures Inc.

The Company explores for Precious, Battery and Critical Metals in Canada. Bold is exploring properties located in active gold and battery metals camps in the Thunder Bay and Wawa regions of Ontario. Bold also holds significant assets located within and around the emerging multi-metals district dubbed the Ring of Fire region, located in the James Bay Lowlands of Northern Ontario.

For additional information about Bold Ventures and our projects, please visit boldventuresinc.com or contact us at 416-864-1456 or email us at info@boldventuresinc.com.

‘Bruce A MacLachlan’
Bruce MacLachlan
President and COO

Direct line: (705) 266-0847 

Email: bruce@boldventuresinc.com

‘David B Graham’
David Graham
CEO

 

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

Cautionary Note Regarding Forward-Looking Statements: This Press Release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words ‘may’, ‘would’, ‘could’, ‘will’, ‘intend’, ‘plan’, ‘anticipate’, ‘believe’, ‘estimate’, ‘expect’ and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. Shareholders are cautioned not to put undue reliance on such forward-looking statements.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/265961

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Locksley Resources Adds 249 Additional Claims to Landholding of More than 40 sq km of Highly Prospective Critical Minerals Ground in California’s Mojave Region

Brings Company’s Total Claims to 491 in Area Housing the Only Rare Earths Producing Mine in U.S.

Move Expands Locksley’s Exploration Pipeline Across Antimony, Rare Earths Elements and Polymetallic Prospects

Locksley Resources Limited (ASX: LKY,OTC:LKYRF; OTCQB: LKYRF), announced it has significantly expanded its strategic footprint within the Mojave Critical Minerals Corridor in California through the staking of an additional 249 claims. This brings the company’s total landholding to 491 claims.

The new claims are adjacent to Locksley’s existing tenement position and adjoin MP Materials landholding, which includes the Mountain Pass Rare Earth Mine. The new claims also secure additional acreage for Locksley in that they abut the recently identified antimony, rare earths elements (REEs) and polymetallic mineralization reported by the company.

‘These additional claims significantly strengthen Locksley’s competitive positioning within one of the most prospective critical minerals regions in the U.S.,’ said Nathan Lude , Head of Strategy, Capital Markets and Commercialization for the company. ‘With demand for antimony and REEs underpinned by U.S. supply chain security initiatives, the expanded landholding provides Locksley with a broader platform to advance multiple exploration and development opportunities,’ he noted.

The south-east claims encompass the favorable gneissic geology, which hosts the Mountain Pass mine and carbonatites. ‘Significantly there are substantial regional north to north-west striking structures evident in the magnetic geophysics datasets,’ said Julian Woodcock , Locksley’s technical director. ‘These transgress across the areas staked, which conceptually have the potential to host pathways for REE bearing carbonatites and be related to other styles of mineralization,’ he said.

Woodcock added that the Northern claims are 3km directly along strike from Dateline Resources Colosseum Gold Project. ‘In addition, the USGS geochemical database indicates polymetallic and precious metals occurrences in the area immediately adjoining the new northern claims. As such there are multiple commodity opportunities evident within this claim area.’

Lude added, ‘Importantly, several of the new claims directly adjoin the Mountain Pass larger claim package, underlining the strategic significance of Locksley’s footprint within the corridor. This positioning enhances potential for both exploration discovery and long-term commercialization pathways, including downstream processing partnerships in line with U.S. government priorities for supply chain resilience.’

More information on this can be found at https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02992119-6A1283295&v=c2533a54e2514fb77a8f93f84db686e1125273e9 .

Locksley Resources is an Australian-based explorer focused on critical minerals and base metals, with assets in both the U.S. and Australia . The company is actively advancing its U.S. asset, the Mojave Project, in California , targeting rare earth elements (REEs) and antimony. The company has also announced a strategic collaboration with Rice University to develop DeepSolv, for domestic processing of North American antimony. The agreement is the first step in the initiation of Locksley’s U.S. Critical Minerals and Energy Resilience Strategy to accelerate ‘mine-to-market’ deployment of antimony in the U.S.

Contact: Beverly Jedynak , Beverly.jedynak@viriathus.com , 312-943-1123; 773-350-5793 (cell)

View original content: https://www.prnewswire.com/news-releases/locksley-resources-adds-249-additional-claims-to-landholding-of-more-than-40-sq-km-of-highly-prospective-critical-minerals-ground-in-californias-mojave-region-302553290.html

SOURCE Locksley Resources

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Rio Silver arranges $1.3M private placement

Vancouver, British Columbia September 11, 2025 Rio Silver Inc. (‘Rio Silver’ or the ‘Company’) (TSX.V: RYO,OTC:RYOOD) (OTC: RYOOF) announces private placement of units. Rio Silver Inc. has arranged a non-brokered private placement financing of up to 13 million units at $0.10 per unit for gross proceeds of up to $1.3-million.

Each unit consists of one common share and one transferable warrant. Each whole warrant is exercisable into one common share at 15 cents per share for three years from closing. If, following the final closing date of the private placement, the company’s common shares close at or above 25 cents on the TSX Venture Exchange (or such other exchange on which the shares may trade) for 15 consecutive trading days, the company may accelerate the warrant expiry date by issuing a news release. The warrants would then expire 30 days from the date of that notice.

The private placements may be closed in one or more tranches subject to conditional approval from the TSX-V.

Subject to compliance with applicable laws and TSX-V approval, the company may pay a finder’s fee or commission of up to 8 per cent and issue 8% brokers warrants to persons who assist in the introduction of investors to the company, which without limiting the foregoing may include cash, common shares and warrants, or a combination thereof.

The gross proceeds from the issue and sale of the units, excluding warrant proceeds, will be used for exploration and development of the company’s projects in Peru and for general working capital purposes.

About Rio Silver

Rio Silver is a resource development company that has been selectively identifying and acquiring precious metal assets that are anticipated to produce near term cashflow to best assist the Company’s exploration / development plans, in a non-dilutive, shareholder-friendly way. We remain ever impressed and optimistic by the resilience and ingenuity of our host country as Peru continues to endorse supportive mining policies and continued growth, as evident by the continuing investment being witnessed throughout Peru.

ON BEHALF OF THE BOARD OF DIRECTORS OF Rio Silver INC.

Chris Verrico

Director, President and Chief Executive Officer

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

For further information,

Christopher Verrico, President, CEO

Tel: (604) 762-4448

Email: chris.verrico@riosilverinc.com

Website: www.riosilverinc.com

This news release includes forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company 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 forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required by applicable laws.

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Crypto Market Update: Klarna Raises US$1.37 Billion in IPO, SEC Shares Crypto Blueprint

Here’s a quick recap of the crypto landscape for Wednesday (September 10) as of 9:00 p.m. UTC.

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

Bitcoin and Ethereum price update

Bitcoin (BTC) was priced at US$113,543, a 1.9 percent increase in 24 hours. Its highest valuation of the day was US$114,246, and its lowest was US$112,205.

Bitcoin price performance, September 10, 2025.

Chart via TradingView.

Bitcoin broke through US$114,000 on Wednesday after US producer price index numbers for August came in lower than expected, thanks to a decline in the cost of services.

Crypto trader Rekt Capital has identified US$113,000 as a potential resistance zone.

“Each rejection from $113k (red) has yielded shallower and shallower pullbacks,” he commented. ‘It has taken some time but it is increasingly looking like $113k is weakening as a point of rejection.’

“It’s unlikely Bitcoin has already peaked in its Bull Market because that would effectively mean that this cycle was one of the shortest of all time,” he said in another post, suggesting Bitcoin could have more room to run.

Ether (ETH) was priced at US$4,324.50, an increase of 0.7 percent over the past 24 hours. Its highest valuation on Wednesday was US$4,437.72, and its lowest was US$4,305.60.

Altcoin price update

  • Solana (SOL) was priced at US$221.78, an increase of 2.4 percent over the last 24 hours. Its highest valuation on Wednesday was US$224.95, and its lowest level was US$219.27.
  • XRP was trading for US$2.98, up by 0.4 percent in the past 24 hours. Its highest valuation of the day was US$3.02, and its lowest valuation was US$2.96.
  • SUI (Sui) was valued at US$3.55, up by 2.3 percent in the past 24 hours. Its highest price on Wednesday was US$3.62 and its lowest was US$.351.
  • Cardano (ADA) was priced at US$0.8757, up by 1.5 percent over 24 hours. Its highest valuation on Wednesday was US$0.8933, and its lowest was US$0.8726.

Today’s crypto news to know

Klarna secures US$1.37 billion in New York IPO

Klarna (NYSE:KLAR) raised US$1.37 billion in its US initial public offering (IPO) this week, marking one of the largest fintech listings of the year and a potential catalyst for other high-growth firms eyeing Wall Street.

The Swedish buy-now-pay-later company sold 34.3 million shares at US$40 each, topping its expected price range and valuing the firm at roughly US$15 billion. Investor appetite was strong, with the deal oversubscribed 25 times. The figure, however, is still far below the US$45 billion valuation it commanded at the peak of its pandemic surge.

Klarna, backed by Sequoia Capital, has been unprofitable since expanding aggressively in the US, where costs have climbed faster than revenues. The company’s losses widened to US$52 million in the second quarter, but overall sales still grew nearly 21 percent year-on-year.

SEC unveils ‘bold blueprint’ for crypto regulation

At an Organization for Economic Cooperation and Development roundtable in Paris, France, on Wednesday, US Securities and Exchange Commission (SEC) Chair Paul Atkins outlined a “bold blueprint” to accommodate blockchain-based financial markets with modern securities regulations under the Project Crypto initiative.

“It is a new day at the SEC,” Atkins said. “Policy will no longer be set by ad hoc enforcement actions. We will provide clear, predictable rules of the road so that innovators can thrive in the United States.

Under the SEC’s new regulatory approach, most crypto tokens will not be classified as securities. The initiative also aims to modernize securities rules to enable crypto platforms to operate as so-called super apps that offer trading, lending and staking services under one unified regulatory framework. Additionally, the SEC is preparing for the expanding role of artificial intelligence (AI) in finance by creating an AI task force and encouraging innovation in agentic finance.

Paxos teams up with PayPal and Venmo for USDH stablecoin

Stablecoin issuer Paxos has updated its proposal to issue USDH, the planned stablecoin of decentralized exchange Hyperliquid, adding support from PayPal Holdings (NASDAQ:PYPL) and Venmo.

According to the announcement, PayPal will support both the HYPE token and USDH at its checkout, as well as provide US$20 million in incentives committed to the HYPE ecosystem.

The company will also integrate USDH into its payment app, Venmo and its money remittance service, Xoom.

Paxos indicated that USDH could achieve global circulation due to its regulatory status within the EU. “Paxos is the only issuer in the world today that can ensure that USDH can scale globally in a fully compliant manner,” it said.

The company reiterated that its commitment to Hyperliquid is structured so that “Paxos only wins if Hyperliquid wins,” meaning its revenue share from the USDH stablecoin only begins after reaching significant growth milestones, and all revenue from USDH will be reinvested into growing Hyperliquid and its ecosystem until it reaches a TVL of US$1 billion. Beyond a TVL of US$5 billion, Paxos will cap its revenue share at 5 percent.

Cboe to launch long-term BTC and ETH futures

Cboe Global Markets announced on Wednesday that it plans to launch 10 year continuous futures contracts for Bitcoin and Ether from November 10, 2025, pending regulatory approval.

Traditional futures contracts have short durations and expire regularly, requiring traders to roll their positions into new contracts, which can be complex and costly. Cboe’s proposed product means investors will be able to hold a position in Bitcoin or Ether futures for up to 10 years, offering a new way for investors to gain or manage long-term exposure.

These contracts are cash settled and priced in alignment with the real-time spot prices of Bitcoin and Ethereum, and will use a daily funding rate adjustment to keep the futures price closely tied to the underlying crypto price, functioning similarly to popular perpetual futures in decentralized finance markets.

This launch marks Cboe’s expansion into offering perpetual-style crypto futures under US regulation.

India leans away from sweeping crypto regulation

India is signaling it will avoid a full-scale regulatory framework for cryptocurrencies, according to a government paper reviewed by Reuters. The document reiterates the Reserve Bank of India’s view that regulating digital assets could unintentionally confer legitimacy and increase risks to the broader financial system.

Instead, officials are leaning toward limited oversight, wary of speculative trading and systemic contagion.

This stance comes as other major economies, including Japan and Australia, advance regulatory regimes while China keeps its outright ban in place. US developments, including federal recognition of stablecoins, have added pressure on India to clarify its position, but policymakers remain cautious. Attempts to ban private cryptocurrencies in 2021 stalled, and a planned 2024 discussion paper was shelved pending international consensus.

For now, India is prioritizing containment over expansion, even as Bitcoin prices and global adoption hit record highs.

Rapyd launches stablecoin payment suite

Fintech platform Rapyd has introduced its Stablecoin Payment Solutions, giving businesses the ability to accept, settle and pay out using stablecoins through one integrated system. The offering is pitched as an answer to fragmented global money movement, consolidating what has often required multiple providers into a single platform.

Rapyd aims to tap over US$27 trillion in stablecoin transaction volume recorded across blockchains this year.

The platform enables real-time payouts, treasury management and currency conversion, potentially easing reliance on traditional rails like SWIFT. Executives at the company say the new service is aimed at industries ranging from gaming to global e-commerce, where speed and liquidity are critical.

As both US and European regulators formalize rules under the GENIUS Act and MiCA, Rapyd is betting that its unified approach can help enterprises cut costs and streamline cross-border operations.

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

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

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