Author

admin

Browsing

Sen. Eric Schmitt, R-Mo., is being sued by the People’s Republic of China (PRC) for tens of billions of dollars in damages for a lawsuit he filed against the country during his time as Missouri’s attorney general.

Schmitt is being sued by the People’s Government of Wuhan Municipality, the Chinese Academy of Sciences and the Wuhan Institute of Virology of the Chinese Academy of Sciences for roughly $50 billion, several years after the lawmaker sued the country during the COVID-19 pandemic.

The lawsuit, first obtained by Fox News Digital, accused Schmitt, FBI co-deputy director Andrew Bailey, and the state of Missouri of damaging the reputations of China, Wuhan and the associated research facilities through ‘malicious vexatious litigation, fabricating enormous disinformation, and spreading stigmatizing and discriminating slanders.’

Schmitt said in a statement to Fox News Digital that he’d been ‘banned from Communist China, and now I am being sued and targeted by Communist China in a $50 billion lawfare campaign, and I’ll wear it like a badge of honor.’ 

‘China’s sinister malfeasance during the COVID-19 pandemic led to over a million Americans losing their lives, economic turmoil that rocked our country for years, and an enormous amount of human suffering, and as Missouri Attorney General I filed suit to hold them accountable,’ Schmitt said. ‘Instead of trying to defend its indefensible behavior, Communist China responded with frivolous lawfare, attempting to absolve themselves of all wrongdoing in the early days of the pandemic.’ 

‘This novel lawsuit is factually baseless, legally meritless, and any fake judgment a Chinese court issues in this lawsuit we will easily beat back and keep from being enforced against the people of Missouri or me,’ he continued. ‘This is their way of distracting from what the world already knows, China has blood on its hands.’

Schmitt, who served as attorney general for the Show-Me state from 2019 to 2023, sued the PRC, several Chinese government ministries, the Communist Party of China, the Wuhan Institute of Virology and the Chinese Academy of Sciences in early 2020, shortly after the beginning of the COVID-19 pandemic.

At the time, Schmitt accused the Chinese government of withholding information on the COVID-19 virus, failing to contain the outbreak of the virus, and actively hoarding high-quality personal protective equipment (PPE) while producing and selling lower-quality PPE for the rest of the world.

That case resulted in an eventual $24 billion judgment earlier this year.

The lawsuit against Schmitt, Bailey, who resigned as Missouri’s attorney general after he was tapped by President Donald Trump to serve as co-deputy FBI director in September, and Missouri contended that the preceding lawsuit, and statements published across a variety of media outlets, led to severe reputational and economic harm.

They’re demanding that apologies be published in several outlets, including The New York Times, CNN, Wall Street Journal, Washington Post and Chinese media outlets. The apologies come with a price tag, too.

Wuhan and the Chinese government demanded compensation of over 356 billion Chinese Yuan, which converts to just over $50 billion dollars.

This post appeared first on FOX NEWS

President Donald Trump isn’t offended by White House chief of staff Susie Wiles’ comments in Vanity Fair describing him as someone with ‘an alcoholic’s personality.’

On Tuesday, Vanity Fair published the first part of a two-part story about Wiles and the second Trump administration — which White House press secretary Karoline Leavitt claimed featured comments that were ‘wildly’ taken out of context. 

In response, Trump and his allies have come to dish out praise for Wiles, following the publication of a story where Wiles issued some unsavory remarks about Trump and others in his orbit. Hours after the Vanity Fair story was published, Trump told the New York Post that he wasn’t insulted by Wiles’ description of his personality. 

‘No, she meant that I’m — you see, I don’t drink alcohol. So everybody knows that — but I’ve often said that if I did, I’d have a very good chance of being an alcoholic. I have said that many times about myself, I do. It’s a very possessive personality,’ Trump told the Post. 

‘I’ve said that many times about myself. I’m fortunate I’m not a drinker. If I did, I could very well, because I’ve said that — what’s the word? Not possessive — possessive and addictive type personality,’ Trump said. ‘Oh, I’ve said it many times, many times before.’

The White House referred Fox News Digital to the Post’s reporting when asked for comment. 

Included in the Vanity Fair story were several quotes from Wiles describing others within Trump’s orbit in an unflattering manner. In addition to the remarks about Trump, Wiles was quoted claiming that Vice President JD Vance has been a ‘conspiracy theorist for a decade,’ and that Attorney General Pam Bondi ‘completely whiffed’ how she handled the release of documents pertaining to the late financier and convicted sex offender Jeffrey Epstein. 

Likewise, she described the Office of Management and Budget Director Russell Vought as ‘a right-wing absolute zealot,’ and claimed that SpaceX and Tesla CEO Elon Musk, who headed up the Department of Government Efficiency (DOGE), was an ‘odd duck’ and an ‘avowed ketamine (user).’ 

Even so, Wiles was also quoted praising Trump’s Cabinet, claiming that they are ‘a world-class Cabinet, better than anything I could have conceived of.’

In response to the story, Wiles claimed that the story was a ‘disingenuously framed hit piece on me and the finest President, White House staff, and Cabinet in history.’

‘Significant context was disregarded and much of what I, and others, said about the team and the President was left out of the story,’ Wiles said in a post on X Tuesday. ‘I assume, after reading it, that this was done to paint an overwhelmingly chaotic and negative narrative about the President and our team.’ 

Meanwhile, other members of the Trump administration also swiftly came to Wiles’ defense — including some of those who were mentioned in an unfavorable way. 

Vance dismissed Wiles’ comments during an event in Allentown, Pennsylvania, where he claimed that he and Wiles have privately joked that the vice president is a conspiracy theorist. 

‘Sometimes I am a conspiracy theorist, but I only believe in the conspiracy theories that are true,’ Vance said. 

Bondi also issued some praise for Wiles, and asserted that ‘any attempt to divide this administration will fail.’

‘Any attempt to undermine and downplay President Trump’s monumental achievements will fail,’ Bondi said in a post on X Tuesday. ‘We are family. We are united.’ 

Vought, who also served as director of the Office of Management and Budget during Trump’s first term, said that Wiles is an ‘exceptional’ chief of staff and that this is the most seamless era he’s experienced in his two terms working for Trump. 

‘In my portfolio, she is always an ally in helping me deliver for the president,’ Vought said about Wiles. ‘And this hit piece will not slow us down.’

Meanwhile, Secretary of War Pete Hegseth claimed the piece was a playbook from the left to ‘trash & smear our best & most effective people.’ 

‘They do it to President Trump daily — and now to Chief Susie Wiles. Susie is the most TRUSTED, most PROFESSIONAL & most EFFECTIVE Chief of Staff of my lifetime,’ Hegseth said in a post on X Tuesday. ‘Absolutely nobody better!’ 

United Nations Ambassador Mike Waltz, who previously served as the national security advisor at the White House, said he’d known Wiles for over a decade and that she ‘exemplifies integrity & dedication to our incredible President and country.’

‘The Queen of Florida politics – the architect of multiple successful governor’s and Presidential campaigns – she’s calm under fire, forthright, & results focused. Period,’ Waltz said in a post on X on Tuesday.

Treasury Secretary Scott Bessent also weighed in, describing Wiles as ‘the single most effective operator whom I have ever met.’ 

‘Susie is an exceptional Chief of Staff, and her tireless dedication, loyalty, and commitment to the President are beyond reproach,’ Bessent said in a post on X on Tuesday. ‘Powerful leadership often works quietly – never seeking credit and always relentlessly driving results. Our Chief exemplifies that.’

‘No one is more insightful, effective, and loyal,’ Bessent said. ‘She never loses sight of the big picture while managing the daily agenda.’ 

Bessent also challenged Vanity Fair’s portrayal of the Trump administration in the piece, claiming that the faulty characterization is ‘precisely why the insular chattering classes in America lose their minds as we notch victory after victory for the American people.’

Musk did not immediately respond to a request for comment from Fox News Digital. 

Conde Nast, which owns Vanity Fair, did not immediately respond to a request for comment from Fox News Digital. 

This post appeared first on FOX NEWS

President Donald Trump’s eldest son and namesake, Donald Trump Jr., is engaged to Bettina Anderson.

‘President Trump just announced at the White House that his son @DonaldJTrumpJr and his girlfriend Bettina Anderson are getting married! They just got engaged. Congratulations to them both,’ Laura Loomer wrote in a Monday night post on X. 

She shared a video of the couple delivering remarks. In a footage, Donald Trump Jr. thanked his bride-to-be ‘for that one word: yes.’ 

Anderson said she feels ‘like the luckiest girl in the world.’

Her Instagram profile says, ‘I’m just your typical stay at home mom… only I don’t do household chores… or have a husband… or have kids.’

Donald Trump Jr. was previously engaged to Kimberly Guilfoyle. Last year, the president announced Guilfoyle as his pick for U.S. Ambassador to Greece. 

Trump Jr. is a divorcee who had five children with his first wife, including his oldest child, Kai Trump, who spoke at the 2024 Republican National Convention.

This post appeared first on FOX NEWS

There’s a year-end rush in all aspects of life.

Businesses try to run up profits in December. Supervisors want to finish employee reviews. Professors must grade exams.

Congress is no different.

There’s always a race to the finish line in December on Capitol Hill. 

This year’s adventure is health care. But it’s a practical impossibility that Congress can actually make law on health care before the calendar flips. Premium spikes for 24 million Americans loom on January 1st. Congress tried — kinda — to address this problem. But not really.

So, if you’re that professor handing out the grades at the end of the semester, prepare to flunk some pupils, if not the entire Congressional student body.

Senate Majority Leader John Thune, R-S.D., hermetically sealed any possibility of addressing health care in 2025 on Tuesday afternoon.

‘We’re not going to pass anything by the end of this week. But I do think there is a potential pathway in January if Democrats are willing to come to the table,’ said Thune.

House Speaker Mike Johnson, R-La., rapidly assembled a bill to allow groups of people – like a bunch of small businesses or a coalition of carpenters – to purchase what they call ‘association’ health plans. In other words, this alliance of people would suddenly have ‘buying power’ if they operate as a team. So if they purchase a set of plans as an ‘association,’ that would defray the cost.

‘This is going to be a great piece of legislation that everybody will unite around,’ said Johnson.

But many Republicans groused privately that it’s one thing to do ‘a health care bill.’ It’s another thing to actually short-circuit the astronomical leap in premiums which hit on January 1.

Rep. Don Bacon, R-Neb., spoke frankly about simply re-upping the existing subsidies.

‘We need to do deeper fixes. This is throwing good money after bad. There is some truth to that. But we have constituents. They’re going to have their premiums go up. That doesn’t help them. That’s why I think we need a temporary extension,’ said Bacon.

Many conservatives adamantly oppose continuing the subsidies. Even if that would help their constituents.

But Bacon addresses the realpolitik of the moment. 

‘It’s not our fault that these things are skyrocketing. But we are in charge. When you’re in charge, you’ve got to deal with it,’ said Bacon. ‘They’re going to have to find some compromise.’

A Christmas Congressional crunch often compels lawmakers to solve big legislative headaches before the holidays.

‘What intensifies the pressure is January 1st is coming,’ said Rep. Adam Smith, D-Wash. ‘It’s having a huge impact on people. I think that is definitely a forcing mechanism.’

The push from Democrats — and some vulnerable Republicans — was to renew the subsidies.

‘I don’t understand why we can’t just do a clean extension of what we just had in place earlier this year,’ said Rep. Alexandria Ocasio-Cortez, D-N.Y. ‘I think that is the easiest and most accessible, no nonsense thing for us to do. Especially as the year is coming to an end.’

But that wouldn’t fly with conservative Republicans.

‘I pity the Republican that has to explain why they would propagate or perpetuate a fraud-ridden subsidy from the COVID-era to prop up a failed health care program,’ said House Budget Committee Chairman Jodey Arrington, R-Texas. 

Rep. Eric Burlison, R-Mo., also opposes extending Obamacare help. But he worries what voters will think of Republicans if the party doesn’t address health care costs. 

‘I think that we fail the American people. We fail our base. We fail the Republican Party. Before I got up here, I was frustrated the Republicans didn’t repeal Obamacare,’ said Burlison. 

‘Repealing Obamacare’ probably won’t happen. That’s because the GOP has tried to unwind the measure since Democrats passed the first versions of it in late 2009. That’s why even through everyone was talking about health care on Capitol Hill, most were skeptical that lawmakers could solve this in a matter of days.

Despite possible Christmas magic.

And even as Thune punted health care into 2026, the House still nibbled around the edges. Critics argued this was only so House Republicans could inoculate themselves from denunciations that they did nothing on health care.

On Tuesday morning, Johnson nixed an idea from GOP moderates for a temporary extension of expiring Obamacare subsidies because it didn’t comply with Congressional budgetary rules.

But by afternoon, Johnson reversed himself to entertain another plan backed by Rep. Nick LaLota, R-N.Y. 

Rather than simply extending federal Obamacare subsidies on an interim basis — which means that insurance companies receive the money — LaLota’s idea provides a two-year tax deduction for those who previously received the Obamacare aid.

President Trump said he would not sign a bill which continued to send money to the insurance companies. So the revamped approach cuts out insurance companies from the equation and policyholders score the tax relief.

‘There’s a real possibility they’ll get a vote on it,’ said Johnson. ‘I’ve tried everything I can to get them that vote on the floor.’

But a roll call vote is a far cry from an actual fix. And it’s uncertain that the House would adopt any amendment and copy it onto the underlying GOP health care bill.

However, a vote on the amendment could give Republicans from swing districts a fig leaf to say they tried to defuse the health care premium crisis. And it’s still unclear if voters might blame Republicans for not addressing health care — now that Democrats copied that issue onto the fall government funding fight.

Health care will be a major issue in the 2026 midterms.

Senate Minority Leader Chuck Schumer, D-N.Y. appeared skeptical that Congress could address the skyrocketing premiums in the near year.

‘You can’t do it after January 1st,’ said Schumer. ‘It’s expired already. It’s not the same as it was before. Once it expires, the toothpaste is out of the tube. 

Schumer also refused to commit to deploying the same maneuver about health care as the next government funding deadline approaches on January 30.

In short, Congress isn’t going to solve health care by Christmas.

But perhaps by Groundhog Day?

If that’s the case, any discussion about health care tied to Groundhog Day, probably resembles, well, Groundhog Day.

This post appeared first on FOX NEWS

President Donald Trump on Tuesday ordered a total blockade of oil tankers entering or leaving Venezuela, declaring the Nicolás Maduro regime a foreign terrorist organization and accusing it of using stolen U.S. assets to finance terrorism, trafficking and other criminal activity.

‘Venezuela is completely surrounded by the largest Armada ever assembled in the History of South America,’ Trump said on Truth Social. ‘It will only get bigger, and the shock to them will be like nothing they have ever seen before – Until such time as they return to the United States of America all of the Oil, Land, and other Assets that they previously stole from us.

‘The illegitimate Maduro Regime is using Oil from these stolen Oil Fields to finance themselves, Drug Terrorism, Human Trafficking, Murder, and Kidnapping,’ he continued. ‘For the theft of our Assets, and many other reasons, including Terrorism, Drug Smuggling, and Human Trafficking, the Venezuelan Regime has been designated a FOREIGN TERRORIST ORGANIZATION.

‘Therefore, today, I am ordering A TOTAL AND COMPLETE BLOCKADE OF ALL SANCTIONED OIL TANKERS going into, and out of, Venezuela,’ Trump added. ‘The Illegal Aliens and Criminals that the Maduro Regime has sent into the United States during the weak and inept Biden Administration, are being returned to Venezuela at a rapid pace. America will not allow Criminals, Terrorists, or other Countries, to rob, threaten, or harm our Nation and, likewise, will not allow a Hostile Regime to take our Oil, Land, or any other Assets, all of which must be returned to the United States, IMMEDIATELY.’

Trump announced Wednesday that the U.S. had seized an oil tanker called the ‘Skipper’ off the coast of Venezuela, sharply escalating U.S. tensions with the nation. The tanker was seized for allegedly being used to transport sanctioned oil from Venezuela and Iran, according to Attorney General Pam Bondi.

The ‘Skipper’ is a vessel that secretly ferries oil in defiance of sanctions, while also being part of an armada of roughly 1,000 tankers that quietly navigate global sea routes to move oil from sanctioned countries like Russia, Iran and Venezuela, according to the administration.

The so-called ‘ghost ships’ sail under foreign flags to obscure their origins, repeatedly change names, shift ownership through shell companies, disable transponders to evade tracking and conduct mid-sea transfers to mask their cargo.

The ‘Skipper’ was loaded with an estimated 1.8 million barrels of oil earlier in December before transferring an estimated 200,000 barrels just before its seizure, Reuters reported.

The oil on the tanker is likely worth $60 million to more than $100 million, based on current average oil prices. Fox News Digital reached out to the White House for any additional comment on the estimated price tag of the oil but did not immediately receive a reply. 

The U.S. military has carried out strikes on suspected drug trafficking boats near Venezuela since September as part of Trump’s mission to end the flow of drugs into the nation.

There have been at least 22 strikes on suspected narcotraffickers near Venezuela, killing 87, since September.

The boat strikes are viewed as part of a U.S. pressure campaign on Venezuela likely aimed to not only curb the flow of drugs, but also to oust Maduro as leader of the oil-rich nation. 

Fox News Digital’s Amanda Macias contributed to this report.

This post appeared first on FOX NEWS

LaFleur Minerals Inc. (CSE: LFLR,OTC:LFLRF) (FSE: 3WK0) (‘LaFleur Minerals’ or the ‘Company’ or ‘Issuer’) announces it has amended its previously disclosed non-brokered private placement offering, upsizing it to up to 9,000,000 units of the Company (the ‘Units’) at a price of $0.50 per Unit gross proceeds of up to $4,500,000 (the ‘LIFE Offering’). Each Unit will consist of one (1) common share in the capital of the Company (each a ‘Common Share’) and one (1) Common Share purchase warrant (a ‘Warrant’) granting the holder the right to purchase one (1) additional Common Share of the Company (a ‘Warrant Share’) at a price of $0.75 at any time on or before 36 months from the Closing Date (defined below). The Warrants will no longer be subject to an accelerated expiry, as was previously announced in the Company’s press release dated December 15, 2025.

The gross proceeds from the LIFE Offering will be used for the commissioning and restart of gold production operations at the Company’s wholly-owned Beacon Gold Mine and Mill, as well as work at the Company’s Swanson Gold Project in Quebec and for and general working capital purposes.

The Units will be offered for sale pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 – Prospectus Exemptions, as amended by CSA Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption, to purchasers resident in Canada, excluding Quebec, and other qualifying jurisdictions.

The securities offered under the LIFE Offering will not be subject to a hold period in accordance with applicable Canadian securities laws. There is an offering document (the ‘Offering Document‘) related to the LIFE Offering that can be accessed under the Issuer’s profile at www.sedarplus.ca and at the Company’s website at www.lafleurminerals.com. Prospective investors should read this Offering Document before making an investment decision.

The terms of the Company’s previously announced flow-through offering (‘FT Offering’) have not changed, refer to the Company’s press release dated December 15, 2025 for more information.

The Company has agreed to pay qualified finders and brokers a cash commission of 7.0% of the aggregate gross proceeds of the LIFE Offering and FT Offering and such number of broker warrants (the ‘Broker Warrants‘) as is equal to 7.0% of the number of Units sold under the LIFE Offering and FT Offering. Each Broker Warrant will entitle the holder to purchase one Common Share at an exercise price equal to the Offering Price for a period of 24 months following the Closing Date.

The closing of the LIFE Offering and FT Offering is expected to occur on or about December 31, 2025 (the ‘Closing Date‘), or such other earlier or later date as the Company may determine.

The Company continues to progress in the closing of its previously announced brokered private placement of gold-linked convertible notes, as announced on November 5, 2025, a financing that aims to raise up to C$7 million to fund the restart of the company’s Beacon Gold Mill in Val d’Or, Quebec.

This news release is not an offer to sell or the solicitation of an offer to buy the securities in the United States or in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification or registration under the securities laws of such jurisdiction. The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended (the ‘U.S. Securities Act’), and such securities may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent an exemption from registration under the U.S. Securities Act and applicable U.S. state securities laws. ‘United States’ and ‘U.S. person’ are as defined in Regulation S under the U.S Securities Act.

About LaFleur Minerals Inc.

LaFleur Minerals Inc. (CSE: LFLR,OTC:LFLRF) (FSE: 3WK0) is focused on the development of district-scale gold projects in the Abitibi Gold Belt near Val-d’Or, Québec. Our mission is to advance mining projects with a laser focus on our resource-stage Swanson Gold Deposit and the Beacon Gold Mill, which have significant potential to deliver long-term value. The Swanson Gold Project is approximately 18,304 hectares (183 km2) in size and includes several prospects rich in gold and critical metals previously held by Monarch Mining, Abcourt Mines, and Globex Mining. LaFleur has recently consolidated a large land package along a major structural break that hosts the Swanson, Bartec, and Jolin gold deposits and several other showings which make up the Swanson Gold Project. The Swanson Gold Project is easily accessible by road allowing direct access to several nearby gold mills, further enhancing its development potential. Lafleur Mineral’s fully refurbished and permitted Beacon Gold Mill is capable of processing over 750 tonnes per day and is being considered for processing mineralized material at Swanson and for custom milling operations for other nearby gold projects.

ON BEHALF OF LaFleur Minerals INC.

Paul Ténière, M.Sc., P.Geo.
Chief Executive Officer
E: info@lafleurminerals.com
LaFleur Minerals Inc.
1500-1055 West Georgia Street
Vancouver, BC V6E 4N7

Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this news release.

Cautionary Statement Regarding ‘Forward-Looking’ Information

This news release includes certain statements that may be deemed ‘forward-looking statements’. All statements in this new release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words ‘expects’, ‘plans’, ‘anticipates’, ‘believes’, ‘intends’, ‘estimates’, ‘projects’, ‘potential’ and similar expressions, or that events or conditions ‘will’, ‘would’, ‘may’, ‘could’ or ‘should’ occur. Forward-looking statements in this news release include, without limitation, statements related to the closing of the LIFE Offering and the FT Offering, and the anticipated use of proceeds from the LIFE Offering and the FT Offering. 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 may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/278282

News Provided by Newsfile via QuoteMedia

This post appeared first on investingnews.com

Gareth Soloway of VerifiedInvesting.com shares his outlook for gold, silver and Bitcoin.

For gold, he outlines two different scenarios — a breakout to US$5,000 per ounce, potentially early in 2026, or a pullback to the US$3,500 to US$3,600 level.

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

This post appeared first on investingnews.com

Skyharbour Resources Ltd. (TSX-V: SYH ) (OTCQX: SYHBF ) (Frankfurt: SC1P ) (‘Skyharbour’ or the ‘Company’) is pleased to announce that it has completed the acquisition of Rio Tinto Exploration Canada Inc.’s (‘RTEC’) minority interest in the Russell Lake Uranium Project (‘Russell Lake’ or the ‘Project’) pursuant to the previously announced definitive and binding purchase agreement (the ‘Purchase Agreement’). The Project is strategically located in the central core of the Eastern Athabasca Basin of northern Saskatchewan, with access to regional infrastructure, including an all-weather road and powerline.

Russell Lake Project Location Map:
http://www.skyharbourltd.com/_resources/images/2025-11-14%20SKY-RussellLake-Updated.jpg

Transaction Details:

Immediately prior to closing, RTEC’s interest in the Project was approximately 42.3%. Pursuant to the terms of the Purchase Agreement, Skyharbour has acquired 100% of RTEC’s minority interest in the Project in exchange for cash consideration of C$10 million (the ‘Purchase Price’). The Purchase Price consisted of a C$2 million deposit, paid on signing the Purchase Agreement, and a C$8 million cash payment paid at closing.

Skyharbour has granted to RTEC a 0.25% net smelter returns royalty over Russell Lake. The acquisition of RTEC’s interest in Russell Lake has increased Skyharbour’s interest in the Project to 100%, subject to several other net smelter return royalties held by third parties.

Russell Lake Uranium Project Overview:

The Russell Lake Project is a large, advanced-stage uranium exploration property totalling 73,314 hectares strategically located between Cameco’s Key Lake and McArthur River Projects, and adjoining Denison’s Wheeler River Project to the west and Skyharbour’s Moore Uranium Project to the east. The northern extension of Highway 914 between Key Lake and McArthur River runs through the western extent of the property and greatly enhances accessibility, while a high-voltage powerline is situated alongside this road.

Qualified Person:

The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed and approved by Serdar Donmez, P.Geo., VP of Exploration for Skyharbour as well as a Qualified Person.

About Skyharbour Resources Ltd.:

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

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

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

Skyharbour’s Uranium Project Map in the Athabasca Basin:
https://skyharbourltd.com/_resources/maps/SKY-SaskProject-Locator-2025-12-08.jpg

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

Skyharbour Resources Ltd.

‘Jordan Trimble’

Jordan Trimble
President and CEO

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

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

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

 

News Provided by GlobeNewswire via QuoteMedia

This post appeared first on investingnews.com

TSX-V: WLR 
Frankfurt: 6YL

 CMC Metals Ltd. (TSXV: CMB) (Frankfurt: ZM5P) (‘CMC’ or the ‘Company’) is pleased to announce that it has settled and extinguished $77,600 of outstanding debt (the ‘Debt’) through the issuance of common shares of the Company (the ‘Shares’).

In accordance with the settlement of debt (the ‘Debt Settlement‘), the Company will issue 405,714 common shares to one non-arm’s length creditor of the Company (the ‘Non-Arm’s Length Creditor‘) and 333,333 common shares to one arm’s length creditor (the ‘Arm’s Length Creditor‘) at a deemed price of $0.105 per Share. The Company has entered into administrative and professional services agreements provided between the periods of April to August 2025, inclusive, with the Non-Arm’s Length Creditor for services provided and services agreements for the period April to October 2025, inclusive with the Arm’s Length Creditor.

The Company chose to settle and extinguish the Debt through the issuance of Shares to preserve cash and improve the Company’s balance sheet. The Debt Settlement is subject to approval by the TSX Venture Exchange (the ‘TSXV‘). No new insiders will be created, nor will any change of control occur as a result of the issuance of the Shares.

The shares issued are subject to a four month hold period, which will expire on a date that is four months and one day from the date of issuance.

As certain insiders are party to the Agreement for $35,000 or 333,333 shares, it may be considered a ‘related party transaction’ under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (‘MI 61-101’) and the TSXV. The Company is relying on the exemptions from the formal valuation and the minority shareholder approval requirements of MI-61-101 contained in section 5.5 (a) and Section 5.7 (1)(a) as the fair market value of the common shares being issued to insiders in connection with the Service Shares does not exceed 25% of the market capitalization of the Company, as determined in accordance with MI 61-101.

Kevin Brewer, President and CEO of Walker Lane Resources Ltd. noted ‘We have significantly reduced our debt load, and minimized operating costs and expenditures, to deal with the challenges our sector has faced in 2024. The participation of my own company and a primary service company is testimony to the belief of myself and the Board that WLR has significant opportunities to enhance shareholder value in the near future.’

About Walker Lane Resources Ltd.

Walker Lane Resources Ltd. is a growth-stage exploration company focused on the exploration of high-grade gold, silver and polymetallic deposits in the Walker Lane Gold Trend District in Nevada and the Rancheria Silver District in Yukon/B.C. and other property assets in Yukon. The Company intends to initiate an aggressive exploration program to advance the Tule Canyon (Walker Lane, Nevada) and Amy (Rancheria Silver District, B.C.) projects through drilling programs with the aim of achieving resource definition in the near future.

On behalf of the Board:
‘Kevin Brewer’
Kevin Brewer, President, CEO and Director
Walker Lane Resources Ltd.

Cautionary and Forward Looking Statements

This press release and related figures, contain certain forward-looking information and forward-looking statements as defined in applicable securities laws (collectively referred to as forward-looking statements). These statements relate to future events or our future performance. All statements other than statements of historical fact are forward-looking statements. The use of any of the words ‘anticipate’, ‘plans’, ‘continue’, ‘estimate’, ‘expect’, ‘may’, ‘will’, ‘project’, ‘predict’, ‘potential’, ‘should’, ‘believe’ ‘targeted’, ‘can’, ‘anticipates’, ‘intends’, ‘likely’, ‘should’, ‘could’ or grammatical variations thereof and similar expressions is intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. These statements speak only as of the date of this presentation. These forward-looking statements include, but are not limited to, statements concerning: our strategy and priorities including certain statements included in this presentation are forward-looking statements within the meaning of Canadian securities laws, including statements regarding the Tule Canyon, Cambridge, Silver Mountain, and Shamrock Properties in Nevada (USA), and its properties including Silverknife and Amy properties in British Columbia, the Silver Hart, Blue Heaven and Logjam properties in Yukon and the Bridal Veil property in Newfoundland and Labrador all of which now comprise the mineral property assets of WLR. WLR has assumed other assets of CMC Metals Ltd. including common share holdings of North Bay Resources Inc. (OTC-US: NBRI) and all conditions and agreements pertaining to the sale of the Bishop mill gold processing facility and remain subject to the condition of the option of the Silverknife property with Coeur Mining Inc. (TSX:CDE). These forward-looking statements reflect the Company’s current beliefs and are based on information currently available to the Company and assumptions the Company believes are reasonable. The Company has made various assumptions, including, among others, that: the historical information related to the Company’s properties is reliable; the Company’s operations are not disrupted or delayed by unusual geological or technical problems; the Company has the ability to explore the Company’s properties; the Company will be able to raise any necessary additional capital on reasonable terms to execute its business plan; the Company’s current corporate activities will proceed as expected; general business and economic conditions will not change in a material adverse manner; and budgeted costs and expenditures are and will continue to be accurate.

Actual results and developments may differ materially from results and developments discussed in the forward-looking statements as they are subject to a number of significant risks and uncertainties, including: public health threats; fluctuations in metals prices, price of consumed commodities and currency markets; future profitability of mining operations; access to personnel; results of exploration and development activities, accuracy of technical information; risks related to ownership of properties; risks related to mining operations; risks related to mineral resource figures being estimates based on interpretations and assumptions which may result in less mineral production under actual conditions than is currently anticipated; the interpretation of drilling results and other geological data; receipt, maintenance and security of permits and mineral property titles; environmental and other regulatory risks; changes in operating expenses; changes in general market and industry conditions; changes in legal or regulatory requirements; other risk factors set out in this presentation; and other risk factors set out in the Company’s public disclosure documents. Although the Company has attempted to identify significant risks and uncertainties that could cause actual results to differ materially, there may be other risks that cause results not to be as anticipated, estimated or intended. Certain of these risks and uncertainties are beyond the Company’s control. Consequently, all of the forward-looking statements are qualified by these cautionary statements, and there can be no assurances that the actual results or developments will be realized or, even if substantially realized, that they will have the expected consequences or benefits to, or effect on, the Company.

The information contained in this presentation is derived from management of the Company and otherwise from publicly available information and does not purport to contain all of the information that an investor may desire to have in evaluating the Company. The information has not been independently verified, may prove to be imprecise, and is subject to material updating, revision and further amendment. While management is not aware of any misstatements regarding any industry data presented herein, no representation or warranty, express or implied, is made or given by or on behalf of the Company as to the accuracy, completeness or fairness of the information or opinions contained in this presentation and no responsibility or liability is accepted by any person for such information or opinions. The forward-looking statements and information in this presentation speak only as of the date of this presentation and the Company assumes no obligation to update or revise such information to reflect new events or circumstances, except as may be required by applicable law. Although the Company believes that the expectations reflected in the forward-looking statements and information are reasonable, there can be no assurance that such expectations will prove to be correct. Because of the risks, uncertainties and assumptions contained herein, prospective investors should not read forward-looking information as guarantees of future performance or results and should not place undue reliance on forward-looking information. Nothing in this presentation is, or should be relied upon as, a promise or representation as to the future. To the extent any forward-looking statement in this presentation constitutes ‘future-oriented financial information’ or ‘financial outlooks’ within the meaning of applicable Canadian securities laws, such information is being provided to demonstrate the anticipated market penetration and the reader is cautioned that this information may not be appropriate for any other purpose and the reader should not place undue reliance on such future-oriented financial information and financial outlooks. Future-oriented financial information and financial outlooks, as with forward-looking statements generally, are, without limitation, based on the assumptions and subject to the risks set out above. The Company’s actual financial position and results of operations may differ materially from management’s current expectations and, as a result, the Company’s revenue and expenses. The Company’s financial projections were not prepared with a view toward compliance with published guidelines of International Financial Reporting Standards and have not been examined, reviewed or compiled by the Company’s accountants or auditors. The Company’s financial projections represent management’s estimates as of the dates indicated thereon.

SOURCE Walker Lane Resources Ltd

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/December2025/17/c7013.html

News Provided by Canada Newswire via QuoteMedia

This post appeared first on investingnews.com