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Senate Republicans are worried about the precedent that Senate Democrats have set for future funding fights as the shutdown continues into its 20th day.

Senate Minority Leader Chuck Schumer, D-N.Y., and the Democratic caucus have dug in deep on their demand for an extension to expiring Obamacare subsidies and have worked to spin the narrative from a battle to fund the government to a fistfight for healthcare.

But it’s been over three weeks since Schumer and Democrats blocked Republicans’ first attempt to pass the House GOP’s continuing resolution (CR). And since then, there are no signs that Democrats are willing to back down from their demands.

‘I think Schumer has basically sort of destroyed the institution of the Senate,’ Sen. Rick Scott, R-Fla., told Fox News Digital. ‘He has, you know, whether it’s what he’s done on the nominees or with this shutdown. I think he’s made government unmanageable. So, hopefully, this is not the way we continue to operate.’

Informal talks between the parties have ebbed and flowed over the course of the shutdown, but neither side is any closer to an off-ramp than they were when the first vote failed late last month.

Sen. Markwayne Mullin, R-Okla., has been involved in those talks but noted that this week they have been fading. When asked if he was worried that Democrats’ shutdown posture might be replicated in the future, he told Fox News Digital, ‘I can’t worry about their position.’

‘It doesn’t make sense,’ he said. ‘If there was a strategy behind it, OK, we get out, we can figure out how to move them. But there is no strategy. It’s just like, burn it all down.’

Senate Republicans now view Democrats’ shutdown position as a hostage-taking exercise, with no real ground for negotiations until after the government reopens.

‘We can’t negotiate with them until we come out of shutdown,’ Sen. John Hoeven, R-N.D., told Fox News Digital. ‘You can’t hold the government hostage. And that’s why it’s very important — we’ve said we’ll work on all these different issues they want to bring up. But you can’t shut down the government, hold the government hostage as part of negotiation.’

The informal talks, which Republicans quickly note aren’t full-blown negotiations, have produced an olive branch of sorts from Senate Majority Leader John Thune, R-S.D., who signaled to Senate Democrats that he would offer them a vote on the Affordable Care Act (ACA) premium tax credits if they voted to reopen the government.

But for a 10th time on Thursday, they blocked his effort to turn the lights back on and then hours later blocked a procedural move to allow lawmakers to consider the annual defense spending bill.

In both instances, Democrats wanted guarantees that Thune and Republicans could not provide.

‘The Dems, someday, they’re going to rue the day they did this, because we have offered up an open appropriations process, regular order, doing things that way,’ Thune told Fox News Digital.

‘I think it’s unfortunate, but it’s a reality that we’re dealing with,’ he continued. ‘And I hope they change their mind and realize that it’s in everybody’s best interest to try and at least get the government open and then start going to work and funding the government the old-fashioned way.’

Many Republicans hope that after the ‘No Kings’ rally in Washington, D.C., over the weekend that Senate Democrats may have a change of heart.

But others see it as a performative opportunity for congressional Democrats to show they are fighting back against President Donald Trump and the GOP.

‘Typically, if you reward bad behavior, you get more bad behavior,’ Sen. Bernie Moreno, R-Ohio, told Fox News Digital. ‘That’s what the Democrats are basically doing. They’re pretending that President Trump didn’t get elected last November. That’s basically the whole fight, because they have the goofballs that are going to be here Saturday, so they have to show the goofballs they’re fighting.’

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Eric Sprott announces that, on October 17, 2025, 2176423 Ontario Ltd., a corporation beneficially owned by him, acquired 4,637,960 common shares (Shares) of Silver Mining Ltd. (Silverco Mining) (being approximately 14.2% of the outstanding Shares) pursuant to the closing of the reverse takeover transaction (Transaction) of Quetzal Copper Corp. (now named ‘Silverco Mining Ltd.’) with Silverco Mining Corp. (Target). The closing of the Transaction is further described in the news release of Silverco Mining dated October 17, 2025. In connection with the Transaction shareholders of the Target received 1.88 Shares for each common share of the Target they held, with each such Share having a deemed price of $1.60.

Prior to the Transaction, Mr. Sprott did not own any Shares, but beneficially owned and controlled 2,467,000 common shares of the Target. In connection with the Transaction, Mr. Sprott acquired 4,637,960 Shares for total deemed consideration of $7,420,736.

The Shares are held for investment purposes. Mr. Sprott has a long-term view of the investment and may acquire additional securities of Silverco Mining including on the open market or through private acquisitions or sell the securities including on the open market or through private dispositions, in the future depending on market conditions, reformulation of plans and/or other relevant factors.

Silverco Mining’s address is 1723 – 595 Burrard Street, Vancouver, British Columbia, V7X 1J1. A copy of the early warning report with respect to the foregoing will appear on Silverco Mining’s profile on SEDAR+ at www.sedarplus.ca and may also be obtained by calling Mr. Sprott’s office at (416) 945-3294 (2176423 Ontario Ltd., 7 King Street East, Suite 1106, Toronto, ON M5C 3C5).

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/271010

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Here’s a quick recap of the crypto landscape for Monday (October 20) as of 9:00 a.m. UTC.

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

Bitcoin and Ether price update

Bitcoin (BTC) was priced at US$111,087, a 3.2 percent decrease in 24 hours. Its lowest valuation of the day was US$107,453, and its highest was US$111,374.

Bitcoin price performance, October 20, 2025.

Chart via TradingView

Bitcoin is showing signs of stabilization as key macroeconomic pressures begin to ease. After briefly dipping below US$105,000 last week, Bitcoin climbed nearly 2 percent over the past 24 hours to set a high of US$109,405, sparking a mild rally across the broader altcoin market.

The rebound comes as investors respond to last week’s dovish shift from the US Federal Reserve. Chair Jerome Powell hinted that the central bank’s quantitative tightening (QT) program may be nearing an end and that rate cuts are now under consideration. Analysts say such a move could ease liquidity constraints that have weighed on risk assets, potentially setting the stage for renewed crypto inflows.

The improving sentiment also coincides with tentative progress in US-China trade relations. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng are expected to meet in Malaysia this week to defuse tensions that previously triggered a historic US$21 billion liquidation across the crypto market earlier this month.

Trader Ted Pillows also pointed to shifting dynamics between traditional and digital hedges. “Gold had a sharp rejection from the US$4,350 level, while Bitcoin showed a decent bounce back from the US$104,000 area,” Pillows posted on X.

“I think it would be too early to call for a rotation until two things happen: a US-China trade deal and soft inflation data this week. If that happens, we could see a rotation from gold into Bitcoin,” Pillows added.

Meanwhile, on-chain data suggest that market emotions are cooling and volatility is compressing. Bitcoin researcher Axel Adler Jr. noted that the coin’s Net Unrealized Profit (NUP) metric has been narrowing since March, signaling a state of “neutral equilibrium.”

“This means emotions have cooled down, the crowd is neither in euphoria nor in panic,” Adler explained. ‘ Each new rally brings less and less profit. The market is like a compressed spring. The longer the compression, the stronger the next surge will be.’

Bitcoin dominance in the crypto market now stands at 57.36 percent.

Ether (ETH) was priced at US$4,032.14, a 2.9 percent increase in 24 hours. Its lowest valuation of the day was US$3,917.06, and its highest was US$4,082.02.

Altcoin price update

  • Solana (SOL) was priced at US$192.09, an increase of 1.7 percent over the last 24 hours. Its lowest valuation of the day was US$184.58, and its highest was US$194.13.
  • XRP was trading for US$2.45, an increase of 3.5 percent over the last 24 hours. Its lowest valuation of the day was US$2.36 and its highest was US$2.48.

ETF data and derivatives trends

The Fear & Greed Index currently reads 40, dipping further and further into ‘fear’ territory spurred by global macroeconomic volatility.

Last week, the cumulative net flows for spot Bitcoin exchange-traded funds (ETFs) were predominantly NEGATIVEd. According to data from the week of October 13 to October 19, spot Bitcoin ETFs had outflows on four days, with October 10 being the outlier at US$102.5 million in inflows.

Cumulative total inflows for spot Bitcoin ETFs stood at US$61.54 billion as of October 17.

Today’s crypto news to know

Top crypto leaders to meet with Senate Democrats

A high-profile group of crypto executives is set to meet with Senate Democrats as discussions over US crypto market structure legislation remain gridlocked.

The meeting, led by Senator Kirsten Gillibrand, will feature Coinbase CEO Brian Armstrong, Galaxy Digital’s Mike Novogratz, Ripple’s Stuart Alderoty, and other industry leaders.

Gillibrand, who co-authored the Responsible Financial Innovation Act with Senator Cynthia Lummis, has emerged as a key Democratic voice pushing for regulatory clarity.

Despite bipartisan talks earlier this year, analysts at TD Cowen note that partisan disagreements have stalled progress and could delay meaningful legislation until after next year’s midterm elections.

Democrats are reportedly drafting a new framework emphasizing DeFi oversight, while Republicans favor clearer jurisdictional lines between the SEC and CFTC.

Japan’s banks mull holding Bitcoin

Japan’s top financial regulator is weighing reforms that could allow domestic banks to directly hold Bitcoin and other unbacked crypto assets on their balance sheets.

The Financial Services Agency (FSA) has begun consultations on revising restrictions introduced in 2020 that barred banks from acquiring crypto investments due to volatility concerns.

The discussions coincide with Japan’s three largest banks—MUFG, SMFG, and Mizuho—preparing to jointly issue yen-pegged stablecoins for corporate use under the updated Payment Services Act of 2023.

Crypto adoption in Japan has surged, with over 12 million accounts registered nationwide as of February, more than triple the number from five years ago.

Asset managers open UK Retail Access to Bitcoin and Ethereum ETPs

UK retail investors can now trade Bitcoin and Ethereum exchange-traded products for the first time following the Financial Conduct Authority’s decision to lift a four-year ban on crypto ETNs.

Asset managers 21Shares, Bitwise, and WisdomTree launched physically backed Bitcoin and Ethereum ETPs on the London Stock Exchange this week, joining BlackRock’s iShares Bitcoin ETP.

The listings mark a significant expansion of crypto access, allowing retail investors to buy exposure through regulated brokerage accounts and tax-efficient wrappers like ISAs and SIPPs.

Despite the progress, retail trading of crypto derivatives remains prohibited as the FCA finalizes broader crypto market regulations set to take effect by 2026.

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

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

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Believed to be breakthrough marking first domestically sourced and refined antimony metal in decades, validating a 100% American made mine-to-metal supply chain that advance U.S. national objectives ahead of Australia and United States Meetings in Washington DC this week

Locksley Resources Ltd. (ASX: LKY,OTC:LKYRF; OTCQX: LYRF), announced the company has achieved a significant milestone with the production of a 100% American made antimony ingot, indicating the return of U.S. domestic antimony metal production in decades. Additional information: https:announcements.asx.com.auasxpdf20251020pdf06qrb935vmr84j.pdf

The milestone represents proof-of-concept for a fully American mine-to-metal supply chain. The ore was sourced at the Company’s Mojave Desert Antimony Mine in California, and refined entirely within the U.S. by Hazen Research Inc., a well-respected metallurgical and process development U.S.-based laboratory.

‘This breakthrough directly supports U.S. government and Presidential Executive Orders aimed at re-establishing domestic production of critical minerals vital to defense, clean energy, and strategic manufacturing supply chains,’ said Kerrie Matthews, CEO of Locksley. ‘Where mine-to-metal has been the focal point of numerous other companies in the critical minerals space, Locksley has shown that this is not only possible but is already underway.’

She noted that now that Locksley has proof-of- concept, the company is going to focus its efforts on scaling this achievement into a sustainable, commercial supply chain to support America’s industrial and defense sectors.

Locksley is collaborating closely with its strategic partners, and Washington DC based advisors, GreenMet, to advance permitting and funding initiatives to support the next stage of the company’s commercialization efforts.

Drew Horn, CEO of GreenMet said, ‘Locksley’s achievement is not only a technical success, but also a national milestone. The ability to produce an American sourced and American refined antimony ingot is precisely the kind of outcome that U.S. policymakers and industry leaders have been seeking to re-establish domestic supply chains for critical minerals.’

Locksley Resources is focused on critical minerals in the U.S. The company is actively advancing the Mojave Project in California, targeting rare earth elements (REEs) and antimony. Locksley is executing a mine-to-market strategy for antimony, aimed at re-establishing domestic supply chains for critical materials, underpinned by strategic downstream technology partnerships with leading U.S. research institutions and industry partners. This integrated approach combines resource development with innovative processing and separation technologies, positioning Locksley to play a key role in advancing U.S. critical minerals independence.

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

View original content to download multimedia:https://www.prnewswire.com/news-releases/locksley-unveils-first-100-american-made-antimony-ingot-302588457.html

SOURCE Locksley Resources

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Surface Metals Inc. (CSE: SUR,OTC:SURMF) (OTCQB: SURMF) (the ‘Company’, or ‘Surface Metals’) announced today a non-brokered private placement financing of up to 4,000,000 units (the ‘Units’) at $0.20 CAD per Unit for aggregate gross proceeds of up to $800,000 CAD (the ‘Offering’). Each Unit will be comprised of one (1) common share and one-half of one transferable common share purchase warrant, with each whole warrant entitling the holder to purchase one additional common share at a price of $0.40 CAD for two (2) years from the closing date of the Offering.

The Company intends to use the proceeds of the Offering to fund exploration at its Cimarron Gold project and the ongoing maintenance and development of its Clayton and Fish Lake Valley lithium brine projects in Nevada as well as for general working capital purposes.

Finder’s fees, including cash and warrants, may be paid on some or all of the Offering. All securities that are issued pursuant to the Offering will be subject to, among other things, a hold period of four months and one day in accordance with applicable Canadian securities laws.

About Surface Metals Inc.

Surface Metals Inc. is a mineral exploration company focused on acquiring, exploring, and developing gold and battery metal projects in partnership with leading commodity and technology companies in North America. Surface Metals holds a 90% interest in the Cimarron Gold Project in Nye County Nevada, and through its US subsidiary, ACME Lithium US Inc., is advancing and developing a lithium brine resource at Clayton Lake Valley, Nevada and holds a sedimentary lithium claystone project at Fish Lake Valley, Nevada. Surface Metals Inc. has entered into a strategic exploration agreement with Snow Lake Resources Ltd, a leading partner at a group of lithium projects in the pegmatite region of Shatford, Birse and Cat-Euclid Lakes in southeastern Manitoba.

On behalf of the Board of Directors

Steve Hanson
Chief Executive Officer, President, and Director
Telephone: (604) 564-9045
info@surfacemetals.com

Neither the CSE nor its regulations service providers accept responsibility for the adequacy or accuracy of this news release. This news release contains certain statements which may constitute forward-looking information within the meaning of applicable securities laws (‘forward-looking statements’). These include statements regarding the amount of funds to be raised under the Offering, and the use of such funds. There is no guarantee the Offering will be completed on the terms outlined above, or at all. Use of funds is subject to the discretion of the Company’s board of directors, and as such may be used for purposes other than as set out above. Any forward-looking statement speaks only as of the date it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/270989

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Saga Metals Corp. (‘SAGA’ or the ‘Company’) (TSXV: SAGA,OTC:SAGMF) (OTCQB: SAGMF) (FSE: 20H), a North American exploration company advancing critical mineral discoveries, is pleased to announce that preparations are underway for Phase 1 of the 2025–2026 drill program at the Trapper Zone on its 100%-owned Radar Project near Cartwright, Labrador. Drill crews are scheduled to mobilize at the beginning of November, with the program designed to advance SAGA toward a maiden Mineral Resource Estimate.

Figure 1: Radar Project’s Trapper Zone depicting a 3+ km Total Magnetic Intensity (TMI) anomaly from the 2025 ground survey and the oxide layering trend. The Trapper Trail (in black) will be the target of the planned 15,000 m diamond drilling program aimed at establishing Saga’s maiden mineral resource estimation.

Saga Metals Hosts the Northern Miner at the Radar Project

Saga Metals’ CGO and Director, Michael Garagan, recently hosted Blair McBride, Copy Editor and Production Editor of The Northern Miner, for an exclusive site visit to the company’s flagship Radar titanium-vanadium-iron project near Cartwright, Labrador. The site visit provided McBride with firsthand insights into Saga Metals’ drilling programs, plans for a resource estimate, and sustainable development strategies. McBride, impressed by the project’s scale and strategic importance in potentially bolstering North American titanium and vanadium supply chains for defense applications, has authored an unsolicited article reflecting his independent opinions on Saga Metals’ operations and the Radar project’s promising future.

To read The Northern Miner’s full article, click here .

Drill Program Preparation:

Field teams, alongside Dr. Al Miller, arrived on site in October to review core from the Hawkeye Zone, map the Trapper Zone trenches, and complete infrastructure preparations ahead of mobilization. The Phase 1 Trapper Zone drill campaign will target:

  • Grade continuity across a 3 km strike length.
  • Oxide layering widths and continuity to depths of about 200 metres.
  • Integration of structural insights from Hawkeye trenching and drilling into collar orientation and drill design.

The program will focus on initial drilling of 1,500-2,500 m in 6-10 holes, each about 250 m in depth, before the December break. In addition to the drilling team, there will be a field team cutting, logging and shipping core weekly to obtain drill core assay results continuously throughout the program, guiding ongoing decision making across the 3+km strike within the Trapper zone. This phase will be complemented by metallurgical sampling through the winter, with core from both the Hawkeye and Trapper zones undergoing detailed metallurgical testing.

‘The layered oxide-rich gabbronorite is enveloped in an inferred older, oxide-bearing gabbro. Collectively folding of these two oxide-bearing intrusive units has significantly increased the thickness of the oxide domain and the potential of the laterally extensive oxide zone across the entire Radar property.’ – Dr. Al Miller, October 6, 2025

Metallurgical Testing to Commence

Based on the results of the successful winter 2025 drilling program, SAGA has commissioned Impact Global Solutions Inc. (IGS), a metallurgical laboratory in Delson, Quebec, to begin tests of diamond drill core and surface samples from the Radar property. IGS received pulps and reject samples from the winter 2025 drilling program, and the first stage of tests will commence this week. Initially, testing will determine the correlation between Lithium metaborate–tetraborate fusion (LiBO₂–Li₂B₄O₇) with XRF finish assays for Fe3O4, TiO2 and V2O5 and the yields from magnetite/gravity separation of vanadiferous titanomagnetite (VTM). Pulps will be tested as follows:

  • Satmagan (Saturation Magnetization Analyzer): is used in mining, metallurgy, and geoscience to determine the magnetic content of a sample, most commonly the percentage of magnetite (Fe₃O₄) or other strongly magnetic minerals, such as VTM. It requires careful calibration to be employed in mineral resource estimates of VTM deposits.
  • Davis Tube (a laboratory magnetic separator), to simulate Wet Low-Intensity Magnetic Separation (WLIMS) on individual assay intervals. IGS will physically test the grind size and magnetic intensity settings, obtaining Mass Recovery and concentrate grade (TiO2, V2O5 and Fe). Estimation of tailings losses is also possible. Davis Tube tests will include separate tests of the cumulus and intercumulus VTM layers. Regular testing by Davis Tube will maintain correlations with Satmagan and the Lithium Borate fusion/XRF results.

After a representative coverage of Satmagan and Davis Tube tests, IGS will conduct preliminary metallurgy tests to determine the quality and yields of the potential VTM concentrates from each principal intrusive layer and each zone.

In preparation for work on a mineral resource estimate after the Trapper zone drilling, sub-meter-accuracy surveying of all past drilling, trench and sample locations will be conducted by Cambria Geological Inc. in early November. A survey protocol will be established and carried forward into pending drilling and surface sampling programs.

Advancing the Radar Project

The Radar Property spans 24,175 hectares and hosts the entire Dykes River intrusive complex (~160 km²), a unique position among Western explorers. Geological mapping, geophysics, and trenching have already confirmed oxide layering across more than 20 km of strike length, with mineralization open for expansion.

Vanadiferous titanomagnetite (‘VTM’) mineralization at Radar is comparable to global Fe–Ti–V systems such as Panzhihua (China), Bushveld (South Africa), and Tellnes (Norway), positioning the Project as a potential strategic future supplier of titanium, vanadium, and iron to North American markets.

Figure 2: Radar Property map, depicting magnetic anomalies, oxide layering and the site of the 2025 drill program in the Hawkeye zone. The Property is well serviced by road access and is conveniently located near the town of Cartwright, Labrador. A compilation of historical aeromagnetic anomalies is overlaid by ground-based geophysics as shown. SAGA has demonstrated the reliability of the regional airborne magnetic surveys after ground-truthing and drilling in the 2024 and 2025 field programs.

Outlook on Phase 1 of Drilling at the Trapper Zone:

Phase 1 drilling at the Trapper Zone builds on significant milestones from 2025, including:

  • Hawkeye drilling success: maiden drill program in early 2025, featuring a 2,209-metre, seven-hole diamond drill campaign across the Hawkeye Zone. The program intersected broad zones of titanomagnetite-rich oxide layering, with cumulative intersections displaying consistent grades of titanium dioxide (TiO 2 ), vanadium pentoxide (V 2 O 5 ) and iron (Fe).
  • Metallurgical readiness: Ongoing petrographic and mineralogical studies by Dr. Al Miller confirm those primary magmatic textures favourable for downstream processing.
  • Exploration momentum: Expanded property vision with preliminary metallurgical insights and confirmation of large-scale oxide continuity across the Dykes River intrusive complex.

Together, these achievements support SAGA’s strategy of advancing Radar toward resource definition and positioning it as a potential cornerstone critical minerals project in North America.

‘We are deeply grateful to our loyal shareholders and those who recently joined us through our fully subscribed ~$3M financing, which strengthens our foundation for continued growth,’ said Mike Stier, CEO and Director of Saga Metals. ‘This funding empowers our exploration teams to launch a robust drilling program at the Trapper zone, equipped with the necessary tools for an efficient and impactful campaign as we work toward our maiden indicated resource. Furthermore, confirming the connection between our Trapper and Hawkeye zones, as shown below, and delineating ~16km of our oxide layering strike will underscore the immense potential of this project.’

Figure 3: Radar Project’s prospective oxide layering zone extends for an inferred 20 km strike length, as shown on a compilation of historical airborne geophysics as well as ground-based geophysics in the Hawkeye and Trapper zones completed by SAGA in the 2024/2025 field programs. SAGA has demonstrated the reliability of the regional airborne magnetic surveys after ground-truthing and drilling in the 2024 and 2025 field programs .

Qualified Person

Paul J. McGuigan, P. Geo., is an Independent Qualified Person as defined under National Instrument 43-101 and has reviewed and approved the technical information disclosed in this news release.

About Saga Metals Corp.

Saga Metals Corp. is a North American mining company focused on the exploration and discovery of a diversified suite of critical minerals that support the global transition to green energy. The Radar Titanium Project comprises 24,175 hectares and entirely encloses the Dykes River intrusive complex, mapped at 160 km² on the surface near Cartwright, Labrador. Exploration to date, including a 2,200m drill program, has confirmed a large and mineralized layered mafic intrusion hosting vanadiferous titanomagnetite (VTM) with strong grades of titanium and vanadium.

The Double Mer Uranium Project, also in Labrador, covers 25,600 hectares featuring uranium radiometrics that highlight an 18km east-west trend, with a confirmed 14km section producing samples as high as 0.428% U 3 O 8 and uranium uranophane was identified in several areas of highest radiometric response (2024 Double Mer Technical Report).

Additionally, SAGA owns the Legacy Lithium Property in Quebec’s Eeyou Istchee James Bay region. This project, developed in partnership with Rio Tinto, has been expanded through the acquisition of the Amirault Lithium Project. Together, these properties cover 65,849 hectares and share significant geological continuity with other major players in the area, including Rio Tinto, Winsome Resources, Azimut Exploration, and Loyal Metals.

With a portfolio that spans key minerals crucial to the green energy transition, SAGA is strategically positioned to play an essential role in the clean energy future.

On Behalf of the Board of Directors

Mike Stier, Chief Executive Officer

For more information, contact:

Rob Guzman, Investor Relations
Saga Metals Corp.
Tel: +1 (844) 724-2638
Email: rob@sagametals.com
www.sagametals.com

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

Cautionary Disclaimer

This news release contains forward-looking statements within the meaning of applicable securities laws that are not historical facts. Forward-looking statements are often identified by terms such as ‘will’, ‘may’, ‘should’, ‘anticipates’, ‘expects’, ‘believes’, and similar expressions or the negative of these words or other comparable terminology. All statements other than statements of historical fact, included in this release are forward-looking statements that involve risks and uncertainties. In particular, this news release contains forward-looking information pertaining to the exploration of the Company’s Radar Project. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, environmental risks, limitations on insurance coverage, inherent risks and uncertainties involved in the mineral exploration and development industry, particularly given the early-stage nature of the Company’s assets, and the risks detailed in the Company’s continuous disclosure filings with securities regulations from time to time, available under its SEDAR+ profile at www.sedarplus.ca. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements only as expressly required by applicable law.

Photos accompanying this announcement are available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9800d75f-413a-4d48-8e17-4514dd79d5e8

https://www.globenewswire.com/NewsRoom/AttachmentNg/b62ee083-f885-4def-92ae-1f05da526bd3

https://www.globenewswire.com/NewsRoom/AttachmentNg/7affa35f-627c-47ae-822c-10b0f7dd5a78

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Customers of the athletic shoe company On have filed a class action lawsuit alleging that some of the brand’s sneakers squeak embarrassingly loudly when they walk.

The class action suit, filed in the U.S. district court in Portland — where On’s U.S. headquarters is located — on October 9, targets On’s shoes made with ‘CloudTec’ technology. A hallmark of many of the brand’s styles, ‘CloudTec’ is composed of differently shaped holes that cover the external and bottom surfaces of the shoes, according to the lawsuit.

At least 11 of On’s sneaker styles are referenced in the lawsuit, including the Cloud 5 and Cloud 6, CloudMonster, and Cloudrunner, among others.

Lawyers for the plaintiffs did not immediately respond to a request for comment. A representative for On said the company does not comment on ongoing legal matters.

According to the lawsuit, ‘CloudTec’ was created to ‘provide cushioned support when wearers land.’ But according to plaintiffs, the technology ‘rubs together’ when wearers walk or run, ‘causing a noisy and embarrassing squeak with each and every step.’

The lawsuit, however, admits that while the squeaky shoes are ‘seemingly inconsequential,’ the company has allegedly refused to provide refunds to those who are unhappy with their sneakers, leaving customers with ‘no relief after buying almost $200 shoes they can no longer wear without their doing significant DIY modifications to the shoe.’

‘No reasonable consumer would purchase Defendant’s shoes — or pay as much for them as they did — knowing each step creates an audible and noticeable squeak,’ the lawsuit states.

Nurses and those who are on their feet all day ‘bear the brunt of this defect,’ the suit argues, which allegedly causes ‘issues for consumers in their daily lives.’

According to the lawsuit, complaints about the squeaking have been widespread and documented on TikTok and Reddit, where customers share ‘DIY’ remedies for the noisy shoes, including rubbing coconut oil on the soles or sprinkling baby powder inside the sneaker.

The lawsuit alleges the company is aware of its squeaky sneakers, but its warranty does not cover reports of noisy soles as On characterizes them as ‘normal wear and tear,’ and has stated in online comments that ‘squeaking isn’t currently classified as a production defect.’

The lawsuit also alleges that the company can better make its products to avoid squeakiness, but that On has ‘done nothing’ to remedy the issue.

Plaintiffs allege they have suffered an ‘ascertainable loss’ due to fraudulent business practices and a ‘deceptive marketing scheme,’ and are seeking ‘compensatory, statutory, and punitive damages’ as well as refunds on their squeaky sneakers.

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The guns have gone quiet over Gaza — for now. After years of darkness, the region has entered a new phase shaped by President Donald Trump’s decisive leadership and the landmark 20‑point Gaza peace deal. Hostages have come home, Hamas has been driven underground, and an American‑backed peace architecture has emerged where fire once raged.  

For the first time in decades, Israelis and Arabs alike can glimpse something extraordinary: a path forward. Yet history reminds us that in the Middle East, every dawn carries both promise and peril. Which road will this new dawn take? 

1. The golden horizon — prosperity through peace 

In the most hopeful scenario, Trump’s peace‑through‑strength doctrine takes root across the region. Arab nations once divided by ideology are now united by opportunity. Saudi Arabia and the Emirates invest in Gaza’s reconstruction. Egypt and Jordan join a multinational stabilization force. Israeli innovation fuses with Gulf capital to create a ‘New Abraham Corridor’ stretching from Haifa to Mumbai — a network of trade, fiber and trust. 

If momentum continues, the Middle East could experience its most dynamic decade of growth in modern history, a true dividend of deterrence where strength sustains peace. This is the world imagined in Trump’s vision: when America leads with conviction, peace and prosperity follow. 

2. The Phoenix of Persia — Iran rises again 

Iran today lies bruised after its 12‑day war with Israel — its nuclear facilities shattered and its clerical regime faltering under global sanctions and internal dissent. But as history proves, Tehran’s rulers are nothing if not resilient. Should the Revolutionary Guard tighten its grip after Ayatollah Khamenei’s death (He’s 86 now and in fragile health.), the Islamic Republic could re‑ignite its ‘Axis of Resistance,’ funneling arms to Gaza, Lebanon and Yemen. 

A revived Iran — driven less by theology than by vengeance — could again bankroll Hamas, Hezbollah and the Houthis, destabilizing every border from the Golan to the Gulf. That path leads not to peace but to another round of rockets. 

3. The mirage of coexistence — Hamas rebrands and regroups 

Even as the ink dries on the ceasefire, Hamas cadres are reportedly resurfacing under new guises — embedding themselves in Gaza’s police, charities and reconstruction committees. As analyst Matthew Levitt warned in Foreign Affairs, Hamas is ‘not done fighting.’ It has survived isolation before — after Oslo, after 2014, after the October 2023 massacre. If it is allowed to mutate rather than disarm, today’s peace will become tomorrow’s deception. 

4. The fragmented peace — a cold stability 

A more modest outcome is a Middle East trapped in uneasy calm. Israel remains wary, Arab states distracted and Gaza suspended between aid and anarchy. The Palestinian Authority governs half‑heartedly — half technocrats, half radicals. Donors rebuild while militants lurk in the shadows. This scenario mirrors Lebanon’s long stagnation: peace without progress, stability without spirit. Better than war — but a waste of the rarest currency in the Middle East: hope. 

5. The renaissance scenario — a new Arab‑Israeli compact 

History proves that courage can rewrite destiny. When Egyptian President Anwar Sadat made peace with Israel in 1979, he was condemned across the Arab world — yet his boldness built the foundation of modern regional stability. 

Today’s leaders face a similar choice. If Arab reformers and Israeli visionaries link economic corridors, energy grids and AI‑driven infrastructure, they could transform the ‘war economy’ into a peace economy — creating jobs, dignity and shared destiny for millions of young Arabs. 

A strategy to lock in the light 

Peace must be protected with the same vigilance once used for war. To preserve this dawn: 

Enforce the disarmament clauses of the Gaza accord through a multinational stabilization mission with real teeth, funded by the U.S., Gulf states and the EU. 

Starve Iran’s proxies of cash and narrative — every diverted aid dollar or false grievance must meet swift exposure and penalty. 

Reward reformers, isolate spoilers. States that promote coexistence should earn trade incentives and security partnerships; those that relapse into terror should face diplomatic quarantine.  

This is not nation‑building — it is peace‑proofing: the disciplined engineering of stability. 

Choosing the future 

The Middle East now stands at a crossroads of consequence. Down one path lies renewal — an alliance of nations liberated from fear. Down another lies relapse into the inferno that has burned for generations. The difference will be leadership. 

If Arab reformers and Israeli visionaries link economic corridors, energy grids and AI‑driven infrastructure, they could transform the ‘war economy’ into a peace economy — creating jobs, dignity and shared destiny for millions of young Arabs. 

If America remains engaged — clear‑eyed, strong‑handed and morally grounded — the ‘New Dawn’ President Trump proclaimed before the Knesset could become the defining achievement of our era. But if Washington drifts or the world looks away, Gaza’s fragile peace will fade into memory, and the old fires will reignite. 

A bright horizon 

Yet hope endures. Across the Middle East, from Jerusalem to Riyadh, young men and women are daring to imagine a future not ruled by grievance but by greatness. Trade routes reopen. Technology hubs rise. Faith and freedom, long estranged, begin to walk together. 

The Middle East has lived too long in the valley of shadows. Now it stands on the ridge of renewal — and if America continues to lead with faith and firmness, the dawn that rose over Gaza could light the world. 

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Former Vice President Kamala Harris said her onetime boss, former President Joe Biden, made a ‘big mistake’ by not inviting Tesla CEO Elon Musk to a 2021 White House event on electric vehicles. 

In August 2021, Biden hosted an EV event at the White House with executives from General Motors, Ford and Stellantis, but Musk was not invited, despite Tesla being the nation’s leading EV manufacturer. 

‘I write in the book that I thought it was a big mistake to not invite Elon Musk when we did a big EV event,’ Harris told Fortune Editor-in-Chief Alyson Shontell on Tuesday at the news outlet’s Most Powerful Women Summit in Washington, D.C., referring to her memoir, ‘107 Days,’ in which she criticized Biden for initially running for re-election despite his health struggles.

‘I mean, here he is, the major American manufacturer of extraordinary innovation in this space,’ Harris said of Musk, who is also the CEO of SpaceX.

Musk’s snub was widely viewed as an effort to support the United Auto Workers and organized labor overall, since Tesla plants are not unionized. Harris wrote in her book that she believed Biden was ‘sending a message about Musk’s anti-union stance’ but that she thought excluding him as the top player in the field ‘simply doesn’t make sense.’

Then–White House Press Secretary Jen Psaki said the event featured ‘the three largest employers of the United Auto Workers,’ emphasizing that Tesla’s workers are not unionized.

Pressed on whether Musk’s snub was punishment for his workers not being unionized, Psaki told reporters: ‘I’ll let you draw your own conclusion.’

The Biden administration defended inviting only those automakers, calling them key partners in the president’s push for union jobs.

Harris said that presidents should ‘put aside political loyalties’ when it comes to recognizing technological innovation.

‘So, I thought that was a mistake, and I don’t know Elon Musk, but I have to assume that that was something that hit him hard and had an impact on his perspective,’ she said.

Musk did appear to take offense after he was not invited to the event, taking numerous jabs at Biden.

‘Yeah, seems odd that Tesla wasn’t invited,’ Musk wrote at the time on social media.

A month later, he said the Biden administration appeared to be ‘controlled by unions’ and was ‘not the friendliest administration.’

After Musk learned Tesla would not be invited, administration officials offered an apology, according to The Wall Street Journal. Biden aides later attempted to soothe things over, but tensions remained.

Harris’ comments on Tuesday mirrored a passage from her new book in which she wrote that the Biden administration’s move not to include Tesla was a mistake and that it appeared to alienate Musk, who later became one of current President Donald Trump’s top financial backers.

‘Musk never forgave it,’ she wrote.

Musk later endorsed Trump in the 2024 election and contributed roughly $300 million toward Republican campaign efforts. 

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The U.S. Department of State on Saturday warned there are ‘credible reports’ that Hamas may break the peace agreement with a ‘planned attack’ on Palestinian civilians. 

‘This planned attack against Palestinian civilians would constitute a direct and grave violation of the ceasefire agreement and undermine the significant progress achieved through mediation efforts,’ the department said in a statement on social media. ‘The guarantors demand Hamas uphold its obligations under the ceasefire terms.’

The statement concluded, ‘The United States and the other guarantors remain resolute in our commitment to ensuring the safety of civilians, maintaining calm on the ground, and advancing peace and prosperity for the people of Gaza and the region as a whole.’

A ceasefire between Israel and Hamas went into effect last weekend after two years of war in the region following the Oct. 7, 2023, attacks in southern Israel. 

On Monday, the 20 remaining surviving Israeli hostages were returned to Israel per the agreement, but more than a dozen remains of hostages who were killed are still under Hamas control. 

The State Department added that ‘measures will be taken to protect the people of Gaza and preserve the integrity of the ceasefire’ if Hamas proceeds with the attack. 

On Thursday, President Donald Trump issued a warning on Truth Social after footage circulated online showing Hamas fighters executing Palestinians in Gaza City’s main square. 

‘If Hamas continues to kill people in Gaza, which was not the deal, we will have no choice but to go in and kill them,’ he wrote.

According to Reuters, at least 33 people were executed by Hamas in recent days in what officials described as a campaign to ‘show strength’ after the ceasefire. Israeli sources say most of those killed belonged to families accused of collaborating with Israel or supporting rival militias.

Trump later clarified that U.S. troops would not go into Gaza. 

‘It’s not going to be us,’ he told reporters. ‘We won’t have to. There are people very close, very nearby that will go in and they’ll do the trick very easily, but under our auspices.’

Fox News’ Efrat Lachter and the Associated Press contributed to this report. 

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