Author

admin

Browsing

LaFleur Minerals Inc. (CSE: LFLR,OTC:LFLRF) (OTCQB: LFLRF) (FSE: 3WK0) (‘LaFleur Minerals’ or the ‘Company’) is pleased to announce the launch of a brokered private placement of gold-linked convertible notes with a minimum principal amount of $4,000,000 and up to a maximum principal amount of $7,000,000 (the ‘Gold-Linked Note Financing’). Proceeds from the Gold-Linked Note Financing will be used for general corporate purposes as well as operations, equipment and other expenses related to the restart of the Company’s Beacon Gold Mill, a wholly-owned project with mine, mill and tailings pond located near Val d’Or, Québec, in Canada’s prolific Abitibi greenstone belt. Additional details on the Gold-Linked Note Financing are included below.

Gold Linked Note Financing:

  • The Notes represent an unsecured obligation of the Company, and each Note may be converted, at the option of the holder, into common shares in the capital of the Company (‘Common Shares‘) at a price of $0.80 per Common Share.
  • The Notes bear interest at a rate of 12% per annum on the aggregate principal amount of the Notes, calculated and payable semi-annually. The Notes will mature on or around November 30, 2028.
  • The principal amount of Notes outstanding will be reduced by the Company on an annual basis on an annual basis (the ‘Principal Payment Dates‘), commencing on January 1, 2027, and ending with the final payment on November 30, 2028.
    • FMI Securities Inc. (the ‘Agent‘) will be lead agent and sole bookrunner for the Gold-Linked Note Financing. In connection with the Gold-Linked Note Financing, and pursuant to the terms of an agency agreement to be entered into between the Company and the Agent, the Company will:
      • pay the Agent a cash fee equal to seven percent (7.0%) (reduced to four percent (4.0%) for any President’s List purchasers) of the gross proceeds from the sale of Notes, including any Notes sold pursuant to the Agents Option (defined herein); and
      • issue the Agent broker warrants (the ‘Broker Warrants‘) equal to seven percent (7.0%) (reduced to four percent (4.0%) for any President’s List purchasers) of the number of Notes sold in the Gold-Linked Note Financing. The Broker Warrants shall have an exercise price equal to $0.80 and will be exercisable for a period of two (2) years from the date of issuance.
    • The Agent will have the option (the ‘Agents Option‘) to sell up to an additional $750,000 of the Notes, exercisable, in whole or in part, at any time up to 48 hours prior to the closing of the Gold-Linked Note Financing to cover over-allotments, if any.

    All securities issued in connection with the Gold-Linked Note Financing will be subject to a statutory hold period of four months and one day following the date of issuance in accordance with applicable Canadian securities laws.

    This press release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the ‘U.S. Securities Act‘) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

    QUALIFIED PERSON STATEMENT

    All scientific and technical information contained in this news release has been prepared and approved by Louis Martin, P.Geo. (OGQ), Exploration Manager and Technical Advisor of the Company and considered a Qualified Person (QP) for the purposes of NI 43-101.

    About LaFleur Minerals Inc.
    LaFleur Minerals Inc. (CSE: LFLR,OTC:LFLRF) (OTCQB: 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 Project 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 Minerals’ 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 Offering and anticipated use of proceeds therefrom. 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.

    Not for distribution to the United States 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/273231

    News Provided by Newsfile via QuoteMedia

    This post appeared first on investingnews.com

    (TheNewswire)

    GRANDE PRAIRIE, ALBERTA TheNewswire – Nov. 5, 2025 – Angkor Resources Corp. (TSXV: ANK,OTC:ANKOF) (‘ANGKOR’ OR ‘THE COMPANY’) announces the results of our North Bokor seismic program leading to the confirmation of a third anticlinal dome structure buried under the flat valley bottom lands within our Block VIII boundaries.

    After identifying closed anticline structures in both South Bokor and Central Bokor on Block VIII, with potential drilling targets, finding another potentially closed anticline is very positive.  Angkor’s subsidiary EnerCam Resources Co. Cambodia Ltd. (‘EnerCam’) has now added a third potential target for oil and gas drilling in the coming year.  Finding and proving up a commercial hydrocarbon reservoir will define the first onshore hydrocarbon resource in the nation of Cambodia.

    The North Bokor structure brings another anticline to our proposed targets on the west side of the Block VIII oil and gas license.  A noticeable difference from both the Central Bokor and South Bokor structures is that our mapped regional unconformity surface at North Bokor is found at significantly shallower depths.  The illustration below shows the crest is located between 150-200ms two-way-time (TWT) below surface, making this some 300-400 metres below the surface of the valley floor.

    Click Image To View Full Size

    Figure 1 – Interpolated structure of the North Bokor anticline from our 2D seismic program.

    The North Bokor seismic does not confirm a closed structure, however management is confident that this anticline structure will prove to be closed based upon the surrounding physical features of the hills to the west and east of the North Bokor valley floor.  The illustration above clearly follows the general fold trend of the South and Central Bokor prospects, identified in recent disclosures.

    (please see October 15, 2025 release: Angkor Resources IDENTIFIES SECOND DRILL TARGET FOR OIL & GAS ON ITS BLOCK VIII, CAMBODIA | Angkor Resources Corp. )

    South Bokor and Central Bokor sub basins have identified significant closed anticline structures with approximately 48 and 60 square kilometres respectively of closure beneath the regionally mapped unconformity surface.


    Click Image To View Full Size

    Figure 1 : – Southwest to Northeast Seismic line showing the anticlinal expression developed in the Bokor North valley bottom and flanking hills.

    Keith Edwards, Technical manager for EnerCam, comments on the seismic lines and what they tell readers:  ‘The fact that the regional unconformity surface we have been mapping is so close to the surface here means that we will have an easier time drilling down to some of our deeper targets in this part of our western half of Block VIII.’


    Click Image To View Full Size

    Figure 3: – A West to East Seismic line through the North Bokor Structure displaying general seismic stratigraphy across this sub basin.

    ABOUT Angkor Resources CORPORATION:

    Angkor Resources Corp. is a public company, listed on the TSX-Venture Exchange, and is a leading resource optimizer in Cambodia working towards mineral and energy solutions across Canada and Cambodia.

    Its Cambodian energy subsidiary, EnerCam Resources, was granted an onshore oil and gas license of 7300 square kilometres in the southwest quadrant of Cambodia called Block VIII.   The company then removed all parks and protected areas and added 220 square kilometres, making the license just over 4095 square kilometres.  EnerCam is actively advancing oil and gas exploration activities onshore to meet its mission to prove Cambodia as an oil and gas producing nation.

    Since 2022, Angkor’s Canadian subsidiary, EnerCam Exploration Ltd., has been involved in oil and gas production in Saskatchewan, Canada and undertaken carbon and gas capture to reduce emissions.  ANGKOR’s carbon capture and gas conservation project is part of its long-term commitment to Environmental and Social projects and cleaner energy solutions across jurisdictions.

    The company’s mineral subsidiary, Angkor Gold Corp. in Cambodia holds two mineral exploration licenses in Cambodia with multiple prospects of copper and gold.

    CONTACT: Delayne Weeks – CEO

    Email:- info@angkorresources.com Website: angkor resources.com Telephone: +1 (780) 831-8722

    Please follow @AngkorResources on , , , Instagram and .

    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.

    _____________________________________

    Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company, including, but not limited to the potential for gold and/or other minerals at any of the Company’s properties, the prospective nature of any claims comprising the Company’s property interests, the impact of general economic conditions, industry conditions, dependence upon regulatory approvals, uncertainty of sample results, timing and results o f future exploration, and the availability of financing.

    Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

    Copyright (c) 2025 TheNewswire – All rights reserved.

    News Provided by TheNewsWire via QuoteMedia

    This post appeared first on investingnews.com

    Falco Resources Ltd. (TSX-V:FPC) (‘ Falco ‘ or the ‘ Corporation ‘) is pleased to announce that it will begin a major exploration initiative across its significant holdings within the world-class Noranda Mining Camp (the ‘ Noranda Camp ‘), which is located in the region of Abitibi, Québec, starting with an Airborne Gravity Gradiometry (‘ AGG ‘) survey (the ‘ Survey ‘) over the next month. The Survey, a first for the region, will be utilized to identify new near surface Volcanogenic Massive Sulfide (‘ VMS ‘) type deposits. Falco is the largest claim holder in the Noranda Camp where over 19.0 Moz of gold equivalent was previously mined.

    Luc Lessard, President and CEO of Falco, commented: ‘While the Horne 5 Project remains the Corporation’s primary focus, Falco is unique among peers as few, if any, gold exploration companies hold such a significant position in a world-class mining camp. With this modern exploration technology, we believe this survey offers an unprecedented opportunity to generate new discoveries in the Noranda Camp. The scale of the Noranda Camp and the prevalence of favorable geological formations to VMS mineralization was historically overwhelming for previous operators. Combining this new exploration approach with our extensive compilation of historical data, the potential to identify more VMS type deposits in the periphery of the Horne 5 Project Complex is very compelling.’

    The Survey will be operated by Xcalibur MPH (Canada) Ltd. using their Falcon system known as FALCON fixed-wing AGG with a high-density grid of 100-meter line spacing providing exceptional resolution for detailed mapping. The Survey will be flown over 280 square kilometers across the majority of the Corporation’s land package, including the Noranda Camp, which includes 13 former mining sites for gold and base metals (see Figure below).

    AGG surveys measure the change in density between the lighter host rock and denser sulfide mineralization. This sharp density contrast should be well identified by the Survey. Importantly, the majority of the rhyolitic units remain untested due to the scale of the property. Combined with the high-density contrast and expected shallow depths of mineralization, the Survey will provide an unprecedented opportunity to identify new VMS type targets at the Noranda Camp.

    Results from the Survey are expected to be received for analysis in December 2025 and will complement the mining camp-scale digital compilation and geological reinterpretation of historical data. The integration of high-precision topographic data from the government-managed LIDAR survey will help define the structural controls associated with the distribution of high-grade mineralization. Consequently, the Corporation will define priority exploration targets in brownfield sites, with potential drilling to be determined based on the merit of the identified targets.

    Stock Option Grant

    The Corporation’s Board of Directors approved the grant of incentive stock options (the ‘ Options ‘) to key employees, officers, special advisors and directors to purchase up to an aggregate of 9,950,000 common shares of the Corporation (‘ Common Shares ‘). The Options are subject to a three-year vesting period and a five-year term. The Options are exercisable at an exercise price of $0.33 per Common Share being the closing price of the Common Shares on the TSX Venture Exchange on November 4, 2025.

    Qualified Person

    The scientific and technical information related to this press release has been reviewed and approved by Mr. Francois Goulet, independent consultant geologist. He is a Professional Geologist registered in Québec.

    About Falco

    Falco is one of the largest mineral claim holders in the province of Québec, with an extensive portfolio of properties in the Abitibi-Témiscamingue greenstone belt. Falco holds rights to approximately 63,000 hectares of land in the Noranda Camp, which represents 63% of the camp as a whole and includes 13 former gold and base metal mining sites. Falco’s main asset is the Horne 5 project located beneath the former Horne mine, which was operated by Noranda from 1927 to 1976 and produced 11.6 million ounces of gold and 2.5 billion pounds of copper. Osisko Development Corp. is Falco’s largest shareholder, with an approximate 16% interest in the Corporation.

    For further information, please contact:

    Luc Lessard
    President and Chief Executive Officer
    514-261-3336
    info@falcores.com

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

    Cautionary Statement on Forward-Looking Information

    This news release contains forward-looking statements and forward-looking information (together, ‘forward looking statements’) within the meaning of applicable securities laws. Often, but not always, forward-looking statements can be identified by words such as ‘plans’, ‘expects’, ‘seeks’, ‘may’, ‘should’, ‘could’, ‘will’, ‘budget’, ‘scheduled’, ‘estimates’, ‘forecasts’, ‘intends’, ‘anticipates’, ‘believes’, or variations including negative variations thereof of such words and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved. Specific forward-looking statements in this news release include, but are not limited to, statements with respect to; the expected timing, scope and results of the Survey; the ability of the Survey and related compilations to identify new VMS type targets at the Noranda Camp; the anticipated integration of high-precision topographic data from the government-managed LIDAR survey. These statements are made as of the date of this news release. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, the risk factors set out in Falco’s annual and/or quarterly management discussion and analysis and in other of its public disclosure documents filed on SEDAR+ at www.sedarplus.ca, as well as all assumptions regarding the foregoing. Although the Corporation believes the forward-looking statements in this news release are reasonable, it can give no assurance that the expectations and assumptions in such statements will prove to be correct. Consequently, the Corporation cautions investors that any forward-looking statements by the Corporation are not guarantees of future results or performance and that actual results may differ materially from those in forward-looking statements.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2c86a666-4d8b-479a-a4eb-96d3e18f6ff2

    News Provided by GlobeNewswire via QuoteMedia

    This post appeared first on investingnews.com

    Yum Brands said on Tuesday it was exploring strategic options for its Pizza Hut chain as the unit struggles to keep pace in a highly competitive fast-food industry vying for sales from a stressed consumer.

    “Pizza Hut‘s performance indicates the need to take additional action to help the brand realize its full value, which may be better executed outside of Yum Brands,” Yum Brands’ new CEO, Chris Turner, said in a statement.

    Pizza Hut‘s sales have lagged Yum Brands’ other prominent units, Taco Bell and KFC International, falling for seven consecutive quarters. In comparison, Taco Bell last reported negative comparable sales in June 2020.

    Yum Brands’ shares were up about 2% in premarket trading after the company banked on 7% growth in Taco Bell U.S. same-store sales and 3% growth in KFC International to beat third quarter estimates.

    Pizza Hut accounts for about 11% of Yum Brands’ operating profits, compared with about 38% for Taco Bell’s U.S. business.

    Several quarters of price hikes at restaurants, sticky inflation and economic uncertainty have forced consumers to become more wary about dining out as they look to stretch their budgets. Still, pizzas are viewed as a value-option to feed families.

    Industry giant Domino’s Pizza DPZ.O said in October that although fast-food traffic was slowing, consumers were still seeking out its pizzas, helped by promotions and new menu items, as well as its delivery partnerships with third-party aggregators such as Doordash DASH.O and UberEats UBER.N.

    While Pizza Hut has also offered value deals such as various personal pizzas for $5 and $2, “an insufficient value message amid a competitive value landscape resulted in transaction softness,” company veteran and former CEO David Gibbs said in August.

    Taco Bell’s Tex-Mex cuisine and its more affordable prices have held Yum Brands in good stead against the slowdown in dining out.

    Yum Brands’ worldwide same-store sales grew 3% during the quarter ended September 30, 2025 edging past estimates of a 2.68% increase, according to data compiled by LSEG.

    Adjusted profit per share of $1.58 beat estimates of $1.49.

    Packaged food giant PepsiCo acquired Pizza Hut in 1977, but spun off the chain along with KFC and Taco Bell in 1997 to create a restaurants company, which took on the name Yum Brands in 2002.

    A deadline to complete Pizza Hut‘s strategic review has not been set, and there was no assurance that the process would result in a transaction, Yum Brands said on Friday.

    This post appeared first on NBC NEWS

    President Donald Trump publicly endorsed Andrew Cuomo on Monday while threatening to withhold federal funding from New York City if Zohran Mamdani, who he labeled a ‘Communist’, wins the mayoral election.

    In a lengthy post on Truth Social, he also warned that the city would face ‘total economic and social disaster’ under Mamdani’s leadership.

    ‘If Communist Candidate Zohran Mamdani wins the Election for Mayor of New York City, it is highly unlikely that I will be contributing Federal Funds, other than the very minimum as required, to my beloved first home, because of the fact that, as a Communist, this once great City has ZERO chance of success, or even survival!’ he wrote in the post.

    ‘It can only get worse with a Communist at the helm, and I don’t want to send, as President, good money after bad. It is my obligation to run the Nation, and it is my strong conviction that New York City will be a Complete and Total Economic and Social Disaster should Mamdani win,’ he added before claiming a win for Mamdani would be a ‘Complete and Total Economic and Social Disaster.’

    The president’s post also marked his latest attempt to guide New Yorkers at the polls.

    ‘A vote for Curtis Sliwa (who looks much better without the beret!) is a vote for Mamdani,’ Trump added.

    ‘Whether you personally like Andrew Cuomo or not, you really have no choice. You must vote for him, and hope he does a fantastic job. He is capable of it, Mamdani is not!’

    Speaking at a press event in New York on the eve of the election, Mamdani responded to the president’s Truth Social post.

    ‘The MAGA movement’s embrace of Andrew Cuomo is reflective of Donald Trump’s understanding that this would be the best mayor for him,’ he said.

    ‘Not the best mayor for New York City, not the best mayor for New Yorkers, but the best mayor for Donald Trump and his administration.’

    Mamdani also responded to Elon Musk supporting Cuomo on Monday, saying ‘the reason that the President of the United States of America, the reason that one of the wealthiest men in the world are both trying to get involved at the last minute, is that they know we will accomplish everything we have run on.’

    The socialist mayoral candidate spoke out about Trump’s threat to withhold federal funding from the city, and labeled it unlawful.

    ‘It is not the law,’ Mamdani told reporters. ‘And too often we treat everything that comes out of Donald Trump’s mouth as if it is already legal, just by virtue of who is saying it.’

    This post appeared first on FOX NEWS

    What if Sen. Bernie Sanders is right and Federal Reserve Chair Jerome Powell is wrong?

    What if the AI revolution causes mass layoffs of American workers, as the Vermont senator warned in a recent Fox News op-ed? And what if Powell is wrong that the softening labor market is due primarily to supply issues — lower immigration and a lower labor participation rate — rather than AI-produced ‘efficiencies’?

    What will be the response of policymakers? What should it be?

    AI will soon become a political battleground. Democratic socialist Sanders, ever the class warrior, has already questioned whether AI will help all Americans or only ‘a handful of billionaires.’ Like the trade deals that sent millions of jobs overseas, Sanders worries that the massive investment flowing into AI could result in up to 100 million Americans losing their jobs over the next decade. He could be right; imagine the repercussions.

    Young people are already losing faith in capitalism and cozying up to socialism. Two-thirds of Democrats now view socialism more positively than capitalism. Nothing could undermine our capitalist system faster than widespread job losses stemming from a tech breakthrough cheered by the investor class.

    This is the critical issue of our day — one getting scant attention, even from self-described ‘data-driven’ Powell, who is perennially looking backward rather than forward. In his latest press conference, Powell answered one question about employment by saying, ‘The supply of workers has dropped very, very sharply due to mainly immigration, but also lower labor force participation. So, and that means there’s less need for new jobs, because there’s — there isn’t this flow into the pool of labor where people need jobs.’ Excuse me, what?

    The economy is growing, yet hiring is declining. Though the government shutdown has blocked the usual monthly labor reports, plenty of data suggests the job market is weakening. Companies are increasingly citing AI investment as a factor in lower headcounts.

    Corporate America is spending tens of billions of dollars on AI, promising shareholders great gains in productivity. But where will that productivity come from, other than reducing headcounts? Certainly, people armed with artificial intelligence can deliver information and analyses more rapidly, making themselves and their organizations more productive. But ultimately, it will also make some people redundant and slow new hiring. The impact on America’s labor market will be profound — and is largely being ignored.

    Amazon recently announced it was laying off 14,000 employees. A top human resources official at the firm sent a note titled ‘Staying nimble and continuing to strengthen our organizations.’ She wrote that ‘the world is changing quickly. This generation of AI is the most transformative technology we’ve seen since the Internet, and it’s enabling companies to innovate much faster than ever before.’

    What kinds of workers are at risk? Factory workers and truck drivers, for sure, who are already being replaced by robots and AI — but also white-collar employees. Fortune notes that the Amazon layoffs ‘show it’s coming for middle management first.’ The world’s largest retailer employs about 1.5 million people; 14,000 is a drop in the bucket. But the trend is worrisome — and for those 14,000 people, devastating.

    Amazon is not alone. UPS recently announced it has cut 48,000 jobs this year — 14,000 management positions and 34,000 in operations. UPS started the year with about 500,000 employees. Target also made headlines recently, saying it will cut 8% of its corporate workforce — its first significant layoffs in a decade.

    Outplacement firm Challenger, Gray & Christmas cites market and economic conditions as the main reason for most corporate layoffs to date but also points to AI. That makes sense. After all, the economy is growing briskly — second-quarter real GDP growth was 3.8%, and it looks like we’ll see robust expansion for the third quarter as well.

    There has never been a faster adoption of new technology. Already, an estimated one-third of Americans use AI; ChatGPT receives 5.4 billion visits per month. Global AI revenues are expected to total $391 billion this year and could reach $3.5 trillion by 2033. These estimates may be optimistic, but top tech firms are investing about $400 billion this year alone to expand capacity, according to The Wall Street Journal. They clearly believe the projections.

    Bernie Sanders aside, no one should want to halt the AI revolution. Artificial intelligence promises extraordinary advances in medicine and other sciences — and could radically improve education for America’s children.

    It’s also largely American companies that will benefit from the explosion in AI spending, reaping the profits and influence that come with global dominance of a new technology. Rising productivity will spur hiring in certain industries and boost real wages. It will also allow for the retirement of the 20-plus million baby boomers still working.

    But there may well be a period of adjustment when layoffs exceed job creation. Unemployment may rise, fueling anger at the innovations producing more out-of-work Americans and resentment toward the companies behind the disruptions.

    Lawmakers and financial leaders need to be prepared for this possibility — one that could deepen voters’ growing affection for socialism and rejection of capitalism. That would be a disaster for a country that has outperformed every other nation on Earth, producing unprecedented opportunity and wealth.

    Otherwise, it will be Bernie Sanders and his left-wing colleagues dictating the response. Sanders advocates a 32-hour workweek with no loss in pay, giving workers significantly more power and imposing a ‘robot tax’ on big tech companies. Such measures would slow American competitiveness and growth, as they have in Europe.

    We cannot allow that to happen.

    This post appeared first on FOX NEWS

    The Department of Justice on Monday urged a federal court to reject former FBI Director James Comey’s bid to dismiss his case, arguing that his claims of selective prosecution are unfounded.

    The DOJ, in its 48-page filing, also denied that President Donald Trump’s September Truth Social post calling on U.S. Attorney General Pam Bondi to prosecute prominent political adversaries, including Comey, Sen. Adam Schiff, D-Calif., and New York Attorney General Letitia James, had any influence on the decision to bring charges.

    ‘These posts reflect the President’s view that the defendant has committed crimes that should be met with prosecution. They may even suggest that the President disfavors the defendant. But they are not direct evidence of a vindictive motive,’ prosecutors argued.

    ‘The defendant spins a tale that requires leaps of logic and a big dose of cynicism, then he calls the President’s post a direct admission,’ they continued. ‘There is no direct admission of discriminatory purpose. To the contrary, the only direct admission from the President is that DOJ officials decided whether to prosecute, not him.’

    Trump wrote in a Sept. 20 post on his Truth Social platform that ‘nothing is being done’ to Comey, Schiff or James.

    ‘They’re all guilty as hell,’ he said. ‘They impeached me twice, and indicted me (5 times!), OVER NOTHING. JUSTICE MUST BE SERVED, NOW!!!’

    The Wall Street Journal reported that the public Truth Social post was intended as a private message to Bondi.

    Comey was indicted by a federal grand jury in late September on charges of false statements and obstructing a congressional proceeding. He pleaded not guilty.

    His legal team filed a motion on Oct. 20 to dismiss the indictment on grounds of vindictive and selective prosecution. They also argued that Lindsey Halligan, the interim U.S. Attorney for the Eastern District of Virginia, was unlawfully appointed.

    Halligan, Trump’s former personal attorney, was appointed by the president after Erik Siebert, the former U.S. Attorney for the Eastern District of Virginia, resigned. Siebert reportedly resigned amid mounting pressure from the White House to bring charges against Comey and James.

    ‘The official who purported to secure and sign the indictment was invalidly appointed to her position as interim U.S. Attorney. Because of that fundamental constitutional and statutory defect, the indictment is a nullity and must be dismissed,’ Comey’s legal team wrote.

    The Justice Department maintains that Halligan’s appointment as interim U.S. attorney was lawful, arguing that it was in line with federal statute and the Constitution’s Appointments Clause.

    Comey’s trial is scheduled to begin in January 2026.

    This post appeared first on FOX NEWS

    While President Donald Trump is pressuring Senate Republicans to nix the filibuster, Senate Majority Leader John Thune, R-S.D., said during an interview on Fox News Radio’s ‘Guy Benson Show’ that ‘there just simply aren’t the votes’ to eliminate the ’60-vote threshold.’

    While Republicans hold the majority in the upper chamber, the procedural hurdle serves as a check on the majority party’s power due to the threshold required to advance matters towards a vote in the chamber.

    Thune suggested that there is likely no more than 10 to 12 of the 53 GOP senators who would vote to eliminate the filibuster.

    The senator said it had been an ‘important tool’ for Republicans when they had the minority, noting that last year they ‘blocked a whole host of terrible Democrat policies’ due to ‘the 60-vote threshold.’

    While Thune suggested that Democrats would vote to eliminate the filibuster if they have the majority, he warned that if Republicans ‘do their dirty work for them,’ Republicans will ‘own all the crap’ Democrats would later do.

    President Donald Trump is pushing Republicans to end the procedural hurdle.

    ‘The Democrats are far more likely to win the Midterms, and the next Presidential Election, if we don’t do the Termination of the Filibuster (The Nuclear Option!), because it will be impossible for Republicans to get Common Sense Policies done with these Crazed Democrat Lunatics being able to block everything by withholding their votes. FOR THREE YEARS, NOTHING WILL BE PASSED, AND REPUBLICANS WILL BE BLAMED. Elections, including the Midterms, will be rightfully brutal,’ the president declared in a portion of a lengthy Truth Social post.

    ‘TERMINATE THE FILIBUSTER NOW, END THE RIDICULOUS SHUTDOWN IMMEDIATELY, AND THEN, MOST IMPORTANTLY, PASS EVERY WONDERFUL REPUBLICAN POLICY THAT WE HAVE DREAMT OF, FOR YEARS, BUT NEVER GOTTEN. WE WILL BE THE PARTY THAT CANNOT BE BEATEN – THE SMART PARTY!!!’ he declared.

    This post appeared first on FOX NEWS

    As the ceasefire between Israel and Hamas continues to play out, the USAID Office of the Inspector General (USAID OIG) pursues its investigation into allegations of U.S. taxpayer dollars being diverted to foreign terrorist organizations.

    A U.S. diplomatic official briefed on USAID OIG’s ongoing investigations told Fox News Digital that the OIG’s office ‘received and continues to receive reports directly from aid workers and other parties on the ground that counters the sanitized narrative that Hamas was never involved in the theft of American funded aid.’ The official reported that reports are still being ‘sent in by whistleblowers and aid workers who are fed up with the U.N.’s failure to identify Hamas as the culprit.’

    USAID OIG issued its first warnings about the possible diversion of American aid to Gaza in Nov. 2023, noting that it was an ‘investigative priority to ensure that assistance does not fall into the hands of foreign terrorist organizations (FTOs), including, but not limited to, Hamas.’

    In a July 30 update, USAID OIG reported that it was ‘investigating credible allegations of Hamas interference, diversion, and theft of humanitarian aid in Gaza, as well as allegations of smuggling contraband into Gaza through humanitarian aid shipments.’

    The United Nations has admitted that most of the aid it sent into Gaza after May 2025 was diverted by armed actors and hungry Gazans. Yet the United Nations Office for the Coordination of Humanitarian Affairs has stated that Hamas was not responsible for widespread aid diversion.

    In July, Reuters reported that a USAID analysis found little evidence of Hamas theft of Gaza aid, something the State Department and the White House disputed. Anna Kelly, a White House spokesperson, told Reuters that it ‘was likely produced by a deep state operative,’ seeking to discredit President Donald Trump’s ‘humanitarian agenda.’

    Over half of USAID programming is obligated to U.N. organizations. However, the USAID OIG reported in July 2024 that since October 2023, it had received ’17 reports of alleged misconduct from five USAID-funded implementers,’ only two of which were submitted by U.N. organizations.

    The OIG also noted that U.N. organizations were exempt from USAID’s partner vetting process, which ‘creates risk to USAID’s programs.’

    The diplomatic source also reported seeing U.N. duplicity over food deliveries into Gaza firsthand. The source attended Joint Coordination Board meetings where officials from the Israel Defense Forces, U.S. Army, U.S. aid organizations, the U.N. and the International Committee of the Red Cross had ‘robust, extensive, and productive’ discussions about aid deliveries and appeared to share ‘a sense of mission.’

    ‘It was shocking then to read press releases by those same U.N. agencies, the very next day totally body-slamming the government of Israel for failing to coordinate delivery of aid,’ the official said.

    Much of the USAID OIG’s effort since the outbreak of war following Hamas’ Oct. 7 attacks has concerned Hamas’ infiltration of the U.N. Relief and Works Agency for Palestine Refugees in the Near East (UNRWA).

    The office concluded an investigation in April 2025 that found three UNRWA members were connected with the Oct. 7 attack and another 14 were affiliates of Hamas.

    UNRWA previously fired nine employees for their association with the attacks, according to reports.

    In July, USAID OIG reported being ‘unable to obtain from UNRWA’ the names of the personnel it fired.

    The diplomatic source said that the USAID OIG investigators ‘opened an independent investigation, obtaining information that UNRWA refused to provide through other sources and methods,’ with the goal of ensuring ‘that UNRWA officials associated with Hamas do not recirculate to other U.S. taxpayer-funded organizations operating in Gaza,’ the official said.

    Chairman of the House Oversight and Government Reform Committee, Rep. James Comer, R-Ky., has begun an investigation into UNRWA staff participation in the Oct. 7 attacks, which led to over 1,200 Israelis and 32 Americans being killed and 251 people taken hostage.

    In an open letter to U.N. Secretary-General António Guterres dated Oct. 27, Comer requested unredacted copies of a U.N. Office of Internal Oversight Services (OIOS) report into UNRWA participation in the deadly attack and asked for correspondence and other details about staff who were investigated for their possible roles.

    Comer noted that the U.S. provides 22% of the U.N.’s general budget, 40% of its humanitarian budget and 25% of its peacekeeping budget, in addition to providing $343 million in 2022 and $422 million in 2023 to UNRWA. ‘The requested documents and communications are required for verification that no U.N. entity or NGO receiving American taxpayer funds employs individuals affiliated with or supporting terrorist entities,’ Comer said.

    Stéphane Dujarric, spokesperson for Guterres, told Fox News Digital that the U.N. has been ‘sharing information with the United States government on matters raised in the letter. We are presently considering the committee’s request and intend to respond with relevant information.’ Dujarric said he would ‘not say anything more publicly at this time.’

    William Deere, director of the UNRWA Representative Office in Washington, D.C., told Fox News Digital that ‘the United Nations provided the USAID IG with an unredacted copy of the U.N. Office of Internal Oversight Services (OIOS) investigation report months ago. To suggest information is being withheld from the U.S. is simply disingenuous. Following the government of Israel’s initial allegations in January of 2024 of potential UNRWA staff misconduct, Commissioner-General Lazzarini immediately terminated the appointments of the named staff ‘in the interest of the Agency,’ to protect UNRWA’s ability to deliver humanitarian assistance.’

    Deere claimed that, ‘regrettably, since that time the government of Israel has failed to provide the United States, the United Nations, or UNRWA with the information and evidence that would substantiate its claims against UNRWA employees. Significantly, the government of Israel has also failed to take action against any of the named individuals in their own judicial system. The record is clear, UNRWA investigates every claim brought to it of potential employee misconduct, as evidenced by the multiple requests the agency has made to the Israeli government for the information in these cases.’

    The U.S. diplomatic official familiar with UNRWA’s investigation disputes the U.N.’s assertion that members of Hamas do not remain on UNRWA’s payroll, saying that ‘Perhaps ‘some’ of the Oct. 7 terrorists were removed, but UNRWA continues to employ Hamas members, there is no question. They are a subsidiary of Hamas.’

    A report on Monday by the Washington Free Beacon said a confidential copy of the U.N. Office of Internal Oversight Services (OIOS) report on UNRWA members’ participation in the Oct. 7 attack claimed to show that OIOS dismissed the evidence provided by Israeli intelligence of intercepted calls between Hamas personnel and UNRWA staff as ‘likely authentic’ but ‘insufficient’ proof of cooperation to support the firing of 10 additional UNRWA employees. Additionally, the report said that the U.N. ‘did not investigate ties to Hamas outside participation in the Oct. 7 attacks.’

    Foundation for Defense of Democracies Senior Advisor Richard Goldberg told Fox News Digital that ‘UNRWA was Hamas in Gaza. It remains a terror and radicalization threat elsewhere. When Israel banned UNRWA in Gaza, it was quickly replaced by other U.N. agencies and NGOs. UNRWA proved neither indispensable nor irreplaceable — a lie repeated by many.’

    ‘We also need to dismantle the entire agency in the context of deradicalization,’ Goldberg said. ‘Oct. 7 will keep happening again and again so long as UNRWA exists. The Trump plan will fail where UNRWA is present. Arab countries are making peace with Israel. UNRWA is still waging the war of 1948.’

    USAID OIG confirmed that its ‘investigations of UNRWA officials affiliated with Hamas are active and ongoing, and intended to prevent the recirculation of terrorists to other U.S.-funded organizations operating in Gaza.’

    In response to questions about whether the State Department had utilized the USAID OIG report on UNRWA members’ participation in Oct. 7 attacks, a spokesperson told Fox News Digital that ‘As a general matter, the department does not comment on internal or investigative reports, nor on actions that may be under consideration. UNRWA was complicit in Oct. 7 and is unfit for purpose. Our policy is that it will not play a role in Gaza again.’

    This post appeared first on FOX NEWS

    Quimbaya Gold Inc. (CSE: QIM,OTC:QIMGF) (OTCQB: QIMGF) (FSE: K05) (‘Quimbaya’ or the ‘Company’) is pleased to announce the closing of its previously announced ‘bought deal’ private placement, with Stifel Canada (the ‘Underwriter’) as sole underwriter and bookrunner, pursuant to which the Underwriter purchased 20,585,000 units of the Company (each, a ‘LIFE Unit’) at a price of C$0.70 per LIFE Unit, with a right to arrange for substituted purchasers, pursuant to the listed issuer financing exemption (‘LIFE Exemption’), for aggregate gross proceeds to the Company of C$14,409,500 including the full exercise of the Underwriter’s over-allotment option (the ‘Offering’).

    Each LIFE Unit is comprised of one common share (each, a ‘Common Share‘) and one-half of one common share purchase warrant (each whole warrant, a ‘Warrant‘) of the Company. Each Warrant is exercisable to acquire one additional Common Share (each, a ‘Warrant Share‘) for a period of 36 months following the closing date of the Offering at an exercise price of C$1.00 per Warrant Share.

    The net proceeds of the Offering are expected to be used to advance the Company’s exploration programs, including drilling at the Tahami South project and follow-up work on regional copper-gold and gold targets, as well as for general working capital.

    The Offering was made pursuant to the LIFE Exemption available under National Instrument 45-106 – Prospectus Exemptions, in each of the provinces of Canada, other than Québec. The LIFE Units were also offered and sold in certain offshore jurisdictions pursuant to available prospectus or registration exemptions in accordance with applicable laws. The LIFE Units issued to substituted purchasers under the LIFE Exemption are not subject to a statutory hold period pursuant to applicable Canadian securities laws.

    In consideration for its services, the Underwriter received a cash commission equal to C$722,769.60 and was issued 1,118,208 broker warrants (each, a ‘Broker Warrant‘). Each Broker Warrant entitles the holder thereof to purchase one Common Share (each, a ‘Broker Share‘) for a period of 36 months following the closing date of the Offering at an exercise price of C$0.70 per Broker Share. An eligible finder also received a cash commission of $59,976.

    The securities referred to in this news release have not been and will not be registered under the United States Securities Act of 1933, as amended (the ‘U.S. Securities Act‘), or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, ‘U.S. Persons’ (as such term is defined in Regulation S under the U.S. Securities Act) absent such registration or an applicable exemption from the registration requirements of the U.S. Securities Act. This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the Company and management, as well as financial statements.

    About Quimbaya Gold Inc.

    Quimbaya aims to discover gold resources through exploration and acquisition of mining properties in the prolific gold mining districts of Colombia. Managed by an experienced team in the mining sector, Quimbaya is focused on three projects in the regions of Segovia (Tahami Project), Puerto Berrio (Berrio Project), and Abejorral (Maitamac Project), all located in Antioquia Province, Colombia.

    For further information, contact:

    Alexandre P. Boivin, President and CEO
    apboivin@quimbayagold.com

    Sebastian Wahl, VP Corporate Development
    swahl@quimbayagold.com

    Cautionary Note Regarding Forward-looking Information

    This press release contains ‘forward-looking information’ within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, the Company’s intended use of the net proceeds of the Offering, the receipt of all necessary regulatory approvals, including the final acceptance of the Canadian Securities Exchange, any exercise of the Warrants and Broker Warrants, the Company’s exploration and development plans and the Company’s business objectives. Generally, forward-looking information can be identified by the use of forward-looking terminology such as ‘plans’, ‘expects’ or ‘does not expect’, ‘is expected’, ‘budget’, ‘scheduled’, ‘estimates’, ‘forecasts’, ‘intends’, ‘anticipates’ or ‘does not anticipate’, or ‘believes’, or variations of such words and phrases or state that certain actions, events or results ‘may’, ‘could’, ‘would’, ‘might’ or ‘will be taken’, ‘occur’ or ‘be achieved’. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Quimbaya, as the case may be, to be materially different from those expressed or implied by such forward-looking information, including but not limited to: the Company’s exploration and other activities proceeding as expected; general business, economic, competitive, geopolitical and social uncertainties; the actual results of current exploration activities; risks associated with operating in foreign jurisdictions; future planned development and other activities on the Company’s mineral properties; an inability to finance the Company; obtaining required permitting on the Company’s mineral properties in a timely manner; any adverse changes to the planned operations of the Company’s mineral properties; failure by the Company for any reason to undertake expected exploration programs; achieving and maintaining favourable relationships with local communities; mineral exploration results that are poorer or better than expected; prices for gold remaining as expected; currency exchange rates remaining as expected; availability of funds for the Company’s projects; prices for energy inputs, labour, materials, supplies and services (including transportation); no labour-related disruptions; no unplanned delays or interruptions in scheduled construction and production; all necessary permits, licenses and regulatory approvals are received in a timely manner; the Company’s ability to comply with environmental, health and safety laws; and other risks inherent in the mining industry. Although Quimbaya has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Furthermore, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or information. Readers are cautioned not to place undue reliance on forward-looking information as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Forward-looking information contained in this news release is expressly qualified by this cautionary statement. The forward-looking information contained in this news release represents the expectations of Quimbaya as of the date of this news release and, accordingly, is subject to change after such date. Except as required by law, Quimbaya does not expect to update forward-looking statements and information continually as conditions change.

    THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT AUTHORIZED FOR DISTRIBUTION TO UNITED STATES 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/273125

    News Provided by Newsfile via QuoteMedia

    This post appeared first on investingnews.com