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Senate GOP resists ‘nuclear option’ as Dem shutdown standoff deepens

Politics 4 Mins Read

Senate Republicans aren’t ready to go ‘nuclear’ again to change the rules around the Senate filibuster as Senate Democrats dig deeper against the GOP’s push to reopen the government.

Senate Majority Leader John Thune, R-S.D., and Republicans need at least eight Democrats to cross the aisle and vote for their continuing resolution (CR) to pass through the Senate’s 60-vote filibuster threshold.

But only three Democratic caucus members have joined Republicans after six failed attempts to pass the short-term funding extension as the shutdown enters its second week.

Republicans have already turned to the ‘nuclear option’ to unilaterally change the rules this year to blast through Senate Minority Leader Chuck Schumer, D-N.Y., and Democrats’ blockade of President Donald Trump’s nominees. But for many, the notion of changing the rules and nuking the filibuster is a third rail.

‘Never, never, ever, never, none,’ Sen. Roger Marshall, R-Kan., told Fox News Digital when asked if he would consider changing the rules.

‘I’ve never heard that since the Democrats tried to do it, and I think we would all fight it pretty hard,’ he continued.

The last time the filibuster was put under the microscope was when Democrats controlled the Senate in 2022. Schumer, who was majority leader at the time, tried to change the rules for a ‘talking filibuster’ in order to pass voting rights legislation.

However, the effort was thwarted when then-Sens. Joe Manchin, D-W.Va., and Kyrsten Sinema, D-Ariz., joined Republicans to block the change. Both have since retired from the Senate and become Independents.

Republicans are not actively discussing changes to the filibuster.

‘I don’t think that’s a conversation we’ve had,’ Sen. Eric Schmitt, R-Mo., told Fox News Digital. ‘Right now, we think that the Democrats’ position has been untenable, and the more they hear from their constituents of their unreasonable activities, that will break this because we got a clean CR, so we got the better argument.’

Because of the filibuster, spending bills like a CR are generally bipartisan in nature. However, Senate Democrats have panned Republicans’ bill to reopen the government as partisan and argue that they had no input on it before it passed through the House late last month.

‘I’m generally aware of how important it is to try to keep things bipartisan, using the filibuster as the tool to do that, but I also get the fact that after a while, the frustration just boils over,’ Sen. Cynthia Lummis, R-Wyo., told Fox News Digital.

Frustrations reached a new level in Congress on Wednesday, with Sens. Ruben Gallego, D-Ariz., and Mark Kelly, D-Ariz., publicly arguing with House Speaker Mike Johnson, R-La., over the shutdown. Then there was another public back-and-forth between House Minority Leader Hakeem Jeffries, D-N.Y., and Rep. Mike Lawler, R-N.Y.

Still, neither side in the upper chamber is ready to budge from their positions.

Most Senate Democratic caucus members are rooted in their position that unless they get a deal on expiring Obamacare tax credits, they will not join Republicans to reopen the government.

Republicans have been adamant that negotiations on extending the subsidies — with reforms — can happen, but only after the government is reopened.

Sen. John Fetterman, D-Pa., is the lone Senate Democrat who has voted with Republicans each time to reopen the government. He pointed out that Republicans had just changed Senate rules last month to advance Trump’s nominees.

‘I think we probably should. If you’re able to get out of the filibuster to prevent either party to make it a lot harder to shut the government down, I’d absolutely support that,’ Fetterman said. 

This post appeared first on FOX NEWS

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Politics

UK faces backlash over mandatory Digital ID — could US be next?

Politics 4 Mins Read

More than 2.8 million Brits have signed a petition as of Wednesday, calling on the U.K. government to reverse its mandatory Digital ID system over concerns it will lead to ‘mass surveillance and digital control.’

The ID program, dubbed ‘Brit Card’ and announced last week by U.K. Prime Minister Keir Starmer, is set to be rolled out by August 2029 in an attempt by the Labour government to crack down on illegal immigration as it would bar anyone who doesn’t have a digital ID from working in the U.K.

But critics of the plan argue its effects on illegal immigration will not be significant enough to make up for the privacy concerns it poses. 

The White House confirmed to Fox News Digital that this controversial step to curb immigration is not currently being considered by President Donald Trump, despite his commitment to curbing illegal immigration and his security crackdowns in cities across the U.S.

But according to one security expert, digital ID is actually not nearly as concerning as most opponents of the system believe it to be.

‘When the government issues a digital ID, they’re issuing it to the individual. That means, just like your paper ID sits in your physical wallet, your digital ID sits in your digital wallet, it’s not stored at a central location,’ Eric Starr, founder and CEO of Ultrapass Identity Corp, told Fox News Digital.

‘When you pass your digital ID to a relying party, they don’t ping a central database,’ he continued. ‘They look at the digital ID you’ve presented, and through cryptography, can determine the authenticity of the digital document.’

Starr, whose company works with governments around the world to provide decentralized digital ID options, said the controversy around digital ID comes down to poor conception and a lack of understanding.  

The tech guru said he believes the U.K. went about its rollout of a digital ID the wrong way by making it mandatory and releasing few details on the system itself. 

Starr argued that governments have the right to know who its citizens are and nations, including the U.S., already have systems in place that keep track of its people, including by issuing social security numbers – a system that the U.S. has relied on since 1936.

When pressed about concerns relating to a government’s ability to enforce mass surveillance through the ease that the technology could offer, even if that is not the original intent, Starr said it comes down to establishing those protections for personal privacy from the get-go. 

‘We care deeply about personal freedom in ways that other countries don’t think about it, and generally speaking, individuals don’t want the federal government in their business every day,’ Starr explained in reference to the American public. ‘The fear that people have about digital identity is that it’s a surveillance opportunity.’

Starr explained that some are concerned that any time a digital ID is used, it will then alert or ‘phone home’ a government tracking system – a concern that privacy advocates like the Electronic Frontier Foundation and the ACLU have flagged.

‘It’s not about the technology, but managing fear and managing what actually gets deployed,’ he added, noting that safeguards can be put in place to counter these concerns.

Even though there is no federal version of a digital ID, more than a dozen states have already begun issuing mobile driver’s licenses.

A federal version of a digital ID would, in theory, just include an individual’s information that the government already has access to, including details like passport information.

But there’s another major concern people flag when it comes to digital IDs – how to ensure personal information is protected from identity theft, which has become a major concern in recent years amid mass cyber breaches.

According to Starr, the ‘architecture of digital identity’ is different from centralized databases used by institutions like hospitals, which have found themselves vulnerable to cyber-attacks and data breaches.

Decentralized systems, as in the case of a digital ID, make hacking ‘nearly impossible’ because ‘the only way to hack a million IDs is to hack a million phones,’ he explained. 

 ‘There are solutions. It’s not a technology issue, it’s an education issue, it’s a fear issue,’ Starr said. ‘It’s also poorly conceived solutions that open the door for bad behavior.’

This post appeared first on FOX NEWS

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Ardently pro-Israel Dem Sen John Fetterman congratulates Trump for ‘historic peace plan’

Politics 2 Mins Read

Democratic Sen. John Fetterman of Pennsylvania, a staunch supporter of Israel, congratulated President Donald Trump on Wednesday shortly after the commander in chief announced in a Truth Social post that Hamas and Israel agreed to phase one of a peace plan.

Fetterman said that he and the president are both unflinchingly committed to the U.S. ally.

‘I congratulate @POTUS on this historic peace plan that releases all the hostages. Now, enduring peace in the region is possible. Our parties are different but we have a shared ironclad commitment to Israel and its people,’ the senator noted on X while including a screenshot of Trump’s Truth Social post.

Israel launched a war effort in the wake of the heinous Oct. 7, 2023, Hamas attack in which terrorists committed atrocities including murder, rape and kidnapping. 

Trump, who has been brokering a peace deal, declared in a Truth Social post on Wednesday, ‘I am very proud to announce that Israel and Hamas have both signed off on the first Phase of our Peace Plan. This means that ALL of the Hostages will be released very soon, and Israel will withdraw their Troops to an agreed upon line as the first steps toward a Strong, Durable, and Everlasting Peace. 

‘All Parties will be treated fairly! This is a GREAT Day for the Arab and Muslim World, Israel, all surrounding Nations, and the United States of America, and we thank the mediators from Qatar, Egypt, and Turkey, who worked with us to make this Historic and Unprecedented Event happen. BLESSED ARE THE PEACEMAKERS!’ the president added.

Commerce Secretary Howard Lutnick and others have said Trump should receive the Nobel Peace Prize for the deal, but GOP Rep. Randy Fine argued that the award would be insufficient if lasting peace is obtained, instead suggesting that presidential term limits should be abolished.

‘The Nobel Peace Prize isn’t enough. If every living hostage is returned and lasting peace in the Middle East is secured, we should repeal the 22nd Amendment and thank the Lord for every day @realdonaldtrump can be our President. There will never be another one like him,’ he said in a post on X.

This post appeared first on FOX NEWS

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Investing

Metro Mining

Investing 5 Mins Read

Investor Insight

Metro Mining is one of the few pure-play upstream bauxite companies globally listed on a stock exchange. As a direct exposure to the aluminum sector, Metro offers investors a unique opportunity to benefit from rising global demand driven by industrial applications and growth areas such as electrification, batteries, renewable energy, and lightweight transportation solutions.

Overview

Metro Mining (ASX:MMI) is a low-cost, high-grade Australian bauxite producer with its 100-percent-owned Bauxite Hills mine located 95 km north of Weipa on the Skardon River, Queensland. The mine forms part of a tenement package covering ~1,900 sq km.

Bauxite Hills Mine

As at 31 December 2024, Bauxite Hills contained 114.4 Mt of ore reserves, supporting an ~11-year mine life, with additional mineral resources extending mine life by roughly five years.

Following the infrastructure expansion commissioned in late 2023, the operation is ramping up production during 2025 and remains on track to deliver 6.5 to 7 WMtpa by year end. This positions Metro as one of the lowest-cost global bauxite producers.

The aluminum sector continues to see rising demand growth of around 3 to 4 percent annually, supported by EV manufacturing, renewable energy infrastructure, battery production and lightweight transportation. Market conditions have been strengthened by instability in Guinea, where government actions and weather disruptions have curtailed exports, creating supply uncertainty and reinforcing the importance of reliable Australian producers.

Company Highlights

  • Metro Mining’s flagship asset, the Bauxite Hills mine (BHM) in Skardon River, located 95 km north of Weipa in Cape York Peninsula Queensland, benefits from proximity to Asian markets, short haul distances, and a highly scalable, low-cost marine transportation system, ensuring industry-leading operating margins.
  • Production ramp-up continuing in 2025 following infrastructure expansion in late 2023. August 2025 shipments reached 753,101 WMT, up 6 percent year-on-year, with year-to-date production of 3.4 Mt, keeping the company on track for its 6.5 to 7 million WMT per annum CY2025 target.
  • Targeting a delivered bauxite cost below US$30 per dry ton CIF China, positioning the company firmly within the lowest quartile of global producers.
  • End of Q2 2025: Cash balance of AU$28.7 million, secured debt of US$56.6 million, and full-year hedged position at 0.63 US$:A$.
  • Ore reserves of 77.7 Mt underpinning ~11 years of mine life, with additional mineral resources providing ~five more years
  • Metro Mining maintains robust environmental and social governance, evidenced by receiving the Association of Mining and Exploration Companies’ 2024 Environment Award.

Key Project

Bauxite Hills Mine (Queensland, Australia)

Metro Mining’s flagship asset, the Bauxite Hills mine, is located on the Skardon River, about 95 kilometres north of Weipa in Queensland. The mine is underpinned by 114.4 Mt of ore reserves as at 31 December 2024, providing approximately 11 years of production, with further Mineral Resources extending mine life by around five years.

Bauxite Hills is a straightforward, low-cost DSO operation. The orebody requires no blasting, with only ~0.5 metres of overburden to remove, and short average haul distances of nine kilometres. Ore is screened to below 100 millimetres and hauled to the barge loading facility, where it is transported via tugs and barges to offshore transhippers for loading onto Capesize vessels bound for Asian markets. This efficient marine logistics chain enables Metro to remain in the lowest quartile of global cost producers.

Production continues to build steadily. In Q2 2025, the mine shipped a record 1.9 Mt, generating site EBITDA of AU$54 million and a margin of AU$32 per tonne. In August 2025, shipments reached 753,101 tonnes, a six percent increase from the prior year, with 3.4 Mt shipped year-to-date, putting the mine firmly on track to meet its 2025 target of 6.5 to 7 Mt.

Metro has established offtake agreements with leading global alumina and aluminum producers, including Chalco, Emirates Global Aluminium, Xinfa Aluminium and Shandong Lubei Chemical. To support growth beyond 2025, debottlenecking and optimisation studies are underway to enable potential expansion to 8 Mtpa beyond 2026.

The company is also advancing exploration in surrounding lateritic bauxite terraces. Drilling campaigns are planned across EPM 27611, EPM 16755, EPM 25879 and EPM 26982 during the second half of 2025, with approximately 150 holes scheduled.

In addition, Bauxite Hills hosts a significant kaolin deposit beneath the bauxite ore. Metro is progressing a feasibility study to assess extraction potential, market strategies and product testing, with applications in ceramics, paper, paints and industrial uses.

Management Team

Simon Wensley – CEO and Managing Director

Simon Wensley is a proven industry leader with extensive experience in mining operations and strategic growth. He spent 20 years at Rio Tinto in various operational, project and leadership roles across commodities, including iron ore, industrial minerals, bauxite, alumina, coal and uranium.

Douglas Ritchie – Non-Executive Chair

Douglas Ritchie brings more than 40 years’ experience in resources, previously holding senior leadership roles at Rio Tinto, including CEO of Rio Tinto Coal Australia, chief executive of the Energy Product Group, and group executive of strategy.

Nathan Quinlin – CFO

Nathan Quinlin is experienced in financial strategy and cost optimization, previously serving as finance and commercial manager at Glencore’s CSA mine, managing finance, risk management and life-of-mine planning.

Gary Battensby – General Manager and Site Senior Executive

Gary Battensby has extensive experience in managing large-scale metalliferous mining operations, budget control and regulatory compliance. He previously oversaw teams of up to 350 staff and operations with substantial CAPEX and operational responsibilities.

Vincenzo De Falco – General Manager, Marine Supply & Logistics

With over 15 years of global experience in the shipping and maritime industry, including at IMC and Louis Dreyfus Armateurs, Vincenzo De Falco is leading the Metro Marine Team to manage BHM transhipping logistics, including new Floating Crane Terminal (Ikamba) as well as Tug Mandang.

This post appeared first on investingnews.com

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Kobo Resources Intersects 17.0 m at 3.87 g/t Au, Further Defining High-Grade Gold Mineralisation at its Kossou Gold Project

Investing 11 Mins Read

  • High-grade gold intercepts confirm strong continuity at the Road Cut Zone with multiple parallel shears traced along the Contact Zone Fault
  • Drilling continues to expand mineralisation at the Jagger Zone, confirming gold-bearing shears to depths exceeding 240 m and reinforcing the strength of Kobo’s structural model
  • Ongoing 12,000–15,000 m program advancing toward Kobo’s maiden Mineral Resource Estimate, with two rigs active and geological modelling underway across priority targets

Kobo Resources Inc. (‘ Kobo’ or the ‘ Company ‘) ( TSX.V: KRI ) is pleased to report additional diamond drill results from the Jagger and Road Cut Zones at its 100%-owned Kossou Gold Project (‘ Kossou ‘) in Côte d’Ivoire, West Africa. The new results continue to confirm strong continuity of high-grade gold mineralisation at Kossou and enhance the Company’s confidence in the emerging scale and potential of its highly prospective target areas.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251008273472/en/

Figure 1: Road Cut Zone Drill Hole Location Map and Simplified Geology

Diamond Drill Results Highlights:

Road Cut Zone:

  • KDD0095
    • 17.0 metres (‘m’) at 3.87 g/t Au from 22.0, including 9.0 m at 6.84 g/t Au, from 23.0 m
  • KDD0098
    • 6.0 m at 1.48 g/t Au from 157.0 m
  • KDD0099
    • 5.0 m at 2.82 g/t Au from 170.0 m (Contact Zone Target)

Jagger Zone

  • KDD0096
    • 4.0 m at 1.48 g/t Au from 21.0 m
    • 3.0 m at 2.34 g/t Au from 31.0 m
    • 5.0 m at 1.41 g/t Au from 106.0 m
  • KDD0097
    • 4.0 m at 2.30 g/t Au from 240.0 m
    • 6.0 m at 1.52 g/t Au from 350.0 m

These results represent the first six holes from Kobo’s ongoing 12,000–15,000 m diamond drilling program launched on September 4, 2025. The current campaign is focused on systematically expanding known mineralized zones at the Jagger and Road Cut Zones while testing the interpreted structural corridor that links them. Drilling is also continuing to evaluate the Contact Zone Fault ‘( CZ Fault ‘), an important regional structure believed to provide deep fluid pathways for gold mineralisation at Kossou.

Edward Gosselin, CEO and Director of Kobo commented: ‘The latest intersections continue to demonstrate the strength of gold mineralisation within the Road Cut and Jagger structural zones. These results are confirming the continuity of gold-bearing shears and the importance of the Contact Zone Fault as a potential regional control on mineralisation. Particularly, the consistency of gold mineralisation at the Jagger Zone, from surface to greater than 180 m depth, highlights the continuity and strength of the system.’ He continued: ‘Ongoing drilling will allow us to further test these controls, define extensions along strike and at depth, and continue building a comprehensive geological model for Kossou as we progress toward a maiden Resource Estimate on the project.’

Road Cut Zone Highlights

KDD0095, KDD0098, and KDD0099 were drilled along a 150-metre strike length on Sections RCZ500, RCZ600, and RCZ650 (see Figure 1 for drill-hole locations). Full assay results are presented in Table 1 .

The most significant intersection was returned from KDD0095 on Section RCZ500, averaging 17.0 m at 3.87 g/t Au from 22.0 m, including 9.0 m at 6.84 g/t Au from 23.0 m (see Figure 2 and Figure 3). This intercept occurs approximately 20 m beneath artisanal workings and is hosted within a shear zone previously intersected in KDD0012 (11.0 m at 1.71 g/t Au) and KDD0091 (15.55 m at 2.30 g/t Au) . The shear zone parallels the main CZ Fault and lies roughly 60 m west of this structure, suggesting a close spatial and structural relationship.

KDD0098 , drilled on Section RCZ600 , intersected 6.0 m at 1.48 g/t Au from 157.0 m within a shear zone exhibiting typical alteration and quartz veining approximately 12.0 m from the CZ Fault. The mineralisation occurs about 120.0 m below surface. Several additional lower-grade intervals were also intersected within 50.0 m of the CZ Fault in sheared basalt (see Figure 4).

KDD0099 , located approximately 50 m south of KDD0098 on Section RCZ650, intersected 5.0 m at 2.82 g/t Au from 170.0 m directly on the CZ Fault, confirming the presence of gold mineralisation along this important regional structure (see Figure 5).

The intensity of shearing, alteration and quartz veining in the three drill holes in the vicinity of the artisanal mine and CZ Fault is very encouraging for further gold mineralisation and will be further tested with additional diamond drilling.

Jagger Zone Highlights

KDD0094 , KDD0096 , and KDD0097 were drilled on Section JZ600 to evaluate the core mineralisation previously identified and to test the continuity of Structure JZ6 near surface and at depth (see Figures 6 and 7).

KDD0096 intersected 5.0 m at 1.41 g/t Au associated with Structure JZ6, approximately 65 m below surface. KDD0097 , which targeted the 8.0 m at 3.72 g/t Au intersection in KDD0028 at depth, returned 2.0 m at 0.58 g/t Au . Drilling confirms that well-defined shears extend to at least 240 m below surface, with gold grades corresponding to the density of quartz veining within these structures.

Additional intersections of 4.0 m at 2.30 g/t Au and 6.0 m at 1.52 g/t Au in KDD0097 , associated with Structures JZ1 and JZ4 respectively, demonstrate good continuity between 150 m and 180 m depth along the shear zones. These results further validate the Company’s structural model, indicating that gold mineralisation is hosted within a series of steep, westerly dipping shears closely associated with quartz-feldspar porphyry and diorite intrusives within the basaltic volcanic sequence.

Next Steps: Progressing the 2025 Drill Program and Advancing Resource Definition at Kossou

To date, the Company has completed nine diamond drill holes (2,016 m) of a planned 15-hole program (3,600 m) at the Road Cut Zone, and eight holes (2,820 m) of 23 planned holes (11,300 m) at the Jagger and Jagger South Zones. Two drill rigs remain active on site, with drilling continuing to test extensions along strike and at depth across both zones.

Geological modelling of the Jagger and Road Cut Zones is ongoing, with new data being integrated to refine the Company’s structural interpretation and support the definition of mineralized envelopes in advance of Kossou’s maiden mineral resource estimate.

Table 1: Summary of Significant Diamond Drill Hole Results

BHID

East

North

Elev.

Az.

Dip

Length

From

(m)

To (m)

Int.

(m)

Au

g/t

Target

KDD0094

229130

775335

339

70

-50

110.40

No Significant Intersections

Jagger

KDD0095

228562

776300

209

70

-50

152.30

22.00

39.00

17.00

3.87

RCZ

incl.

23.00

32.00

9.00

6.84

RCZ

79.00

82.00

3.00

0.55

RCZ

95.00

97.00

2.00

0.70

RCZ

101.00

104.00

3.00

0.68

RCZ

KDD0096

229088

775320

344

70

-50

158.40

14.00

16.00

2.00

1.00

Jagger

21.00

25.00

4.00

1.48

Jagger

31.00

34.00

3.00

2.34

Jagger

106.00

111.00

5.00

1.41

Jagger

KDD0097

228841

775230

387

70

-50

431.30

68.00

70.00

2.00

1.04

Jagger

76.00

80.00

4.00

0.49

Jagger

87.00

90.00

3.00

1.10

Jagger

240.00

244.00

4.00

2.30

Jagger

281.00

287.00

6.00

1.52

Jagger

303.00

310.00

7.00

0.57

Jagger

350.00

352.00

2.00

1.68

Jagger

362.00

364.00

2.00

1.11

Jagger

378.00

380.00

2.00

0.58

Jagger

400.00

402.00

2.00

1.20

Jagger

KDD0098

228557

776191

215

70

-50

203.30

117.30

124.00

6.70

0.37

RCZ

150.00

152.00

2.00

0.85

RCZ

157.00

163.00

6.00

1.48

RCZ

KDD0099

228592

776152

215

70

-50

221.30

170.00

175.00

5.00

2.82

RCZ

Notes:

Cut-off using 2.0 m at 0.30 g/t Au

Intervals are reported with no more than 3.0 m of internal dilution of less than 0.3 g/t Au except where indicated*

An accurate dip and strike and controls of mineralisation are unconfirmed and mineralised zones are reported as downhole lengths. Drill holes are planned to intersect mineralised zones perpendicular to interpreted targets. All intercepts reported are downhole distances as true width is unknown.

Sampling, QA/QC, and Analytical Procedures

Drill core was logged and sampled by Kobo personnel at site. Drill cores were sawn in half, with one half remaining in the core box and the other half secured into new plastic sample bags with sample number tickets. Core samples are drilled using HQ core barrels to below the level of oxidation and then reduced to NQ core barrels for the remainder of the bore hole. Samples are transported to the SGS Côte d’Ivoire facility in Yamoussoukro by Kobo personnel where the entire sample was prepared for analysis (prep code PRP86/PRP94). Sample splits of 50 grams were then analysed for gold using 50g Fire Assay as per SGS Geochem Method FAA505. QA/QC procedures for the drill program include insertion of a certificated standards every 20 samples, a blank every 20 samples and a duplicate sample every 20 samples. All QAQC control samples returned values within acceptable limits.

Review of Technical Information

The scientific and technical information in this press release has been reviewed and approved by Paul Sarjeant, P.Geo., who is a Qualified Persons as defined in National Instrument 43-101. Mr. Sarjeant is the President and Chief Operating Officer and Director of Kobo.

About Kobo Resources Inc.

Kobo Resources is a growth-focused gold exploration company with a compelling new gold discovery in Côte d’Ivoire, one of West Africa’s most prolific and developing gold districts, hosting several multi-million-ounce gold mines. The Company’s 100%-owned Kossou Gold Project is located approximately 20 km northwest of the capital city of Yamoussoukro and is directly adjacent to one of the region’s largest gold mines with established processing facilities.

With over 18,500 metres of diamond drilling, nearly 5,900 metres of reverse circulation (RC) drilling, and 5,900 metres of trenching completed since 2023, Kobo has made significant progress in defining the scale and prospectivity of its Kossou’s Gold Project. Exploration has focused on multiple high-priority targets within a 9+ km strike length of highly prospective gold-in-soil geochemical anomalies, with drilling confirming extensive mineralisation at the Jagger, Road Cut, and Kadie Zones. The latest phase of drilling has further refined structural controls on gold mineralisation, setting the stage for the next phase of systematic exploration and resource development.

Beyond Kossou, the Company is advancing exploration at its Kotobi Permit and is actively expanding its land position in Côte d’Ivoire with prospective ground, aligning with its strategic vision for long-term growth in-country. Kobo remains committed to identifying and developing new opportunities to enhance its exploration portfolio within highly prospective gold regions of West Africa. Kobo offers investors the exciting combination of high-quality gold prospects led by an experienced leadership team with in-country experience. Kobo’s common shares trade on the TSX Venture Exchange under the symbol ‘KRI’. For more information, please visit www.koboresources.com .

NEITHER THE TSXV NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSXV) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Cautionary Statement on Forward-looking Information:

This news release contains ‘forward-looking information’ and ‘forward-looking statements’ (collectively, ‘forward-looking statements’) within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as ‘expects’, or ‘does not expect’, ‘is expected’, ‘anticipates’ or ‘does not anticipate’, ‘plans’, ‘budget’, ‘scheduled’, ‘forecasts’, ‘estimates’, ‘believes’ or ‘intends’ or variations of such words and phrases or stating that certain actions, events or results ‘may’ or ‘could’, ‘would’, ‘might’ or ‘will’ be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; and the delay or failure to receive board, shareholder or regulatory approvals. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. Except as required by law, Kobo assumes no obligation and/or liability to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20251008273472/en/

For further information, please contact:

Edward Gosselin
Chief Executive Officer and Director
1-418-609-3587
ir@kobores.com

Twitter: @KoboResources | LinkedIn: Kobo Resources Inc.

News Provided by Business Wire via QuoteMedia

This post appeared first on investingnews.com

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Golconda Gold Ltd. Releases Q3 2025 Production Update

Investing 5 Mins Read

Golconda Gold Ltd. (‘Golconda Gold’ or the ‘Company’) (TSX-V: GG; OTCQB: GGGOF) is pleased to announce production of 3,588 ounces of gold for the third quarter of 2025 (‘Q3’) at its Galaxy Gold Mine (‘Galaxy’), an 18% increase in gold production compared to Q2 2025 and a 51% increase compared to Q3 2024.

The Q3 production numbers are as follow:

Mining Q3
2025 		Q2
2025 		Q3
2024
Princeton

Ore Mined (t) 22,303 12,346 7,231
Ore Grade (g/t) 3.39 4.63 3.95
Waste (t) 11,037 11,317 10,669
Galaxy

Ore Mined (t) 18,200 19,135 20,870
Ore Grade (g/t) 3.22 3.06 2.91
Waste (t) 7,253 10,410 14,580
Total

Ore Mined (t) 40,503 31,481 28,101
Ore Grade (g/t) 3.31 3.67 3.18
Waste (t) 18,290 21,727 25,249
Processing Q3
2025 		Q2
2025 		Q3
2024
Concentrate produced (t) 3,229 2,480 2,129
Concentrate grade (g/t) 34.6 38.0 34.8
Gold produced (oz) 3,588 3,030 2,384

Golconda Gold CEO, Ravi Sood commented: ‘Galaxy achieved record gold production in Q3, totalling 3,588 ounces of gold, an 18% increase on Q2 2025 and a 51% increase on Q3 2024. This was largely due to increased ore mined from the Princeton orebody, increasing 81% compared to Q2 2025 due to commencing mining at the Princeton Top section during the quarter. Production in the first three quarters of 2025 is 74% ahead of the same period in 2024. With the materially higher gold price, the Company is generating significant operational cash flow and continues to de-leverage its balance sheet and invest in further expansion at Galaxy, including refurbishment of the existing sub-vertical shaft and associated infrastructure to allow mining on a second level at the Galaxy ore body by the end of 2025, adding an additional ore source to the processing plant, which has significant spare capacity 1 .’

About Golconda Gold

Golconda Gold is an un-hedged gold producer and explorer with mining operations and exploration tenements in South Africa and New Mexico. Golconda Gold is a public company and its shares are quoted on the TSX Venture Exchange under the symbol ‘GG’ and the OTCQB under the symbol ‘GGGOF’. Golconda Gold’s management team is comprised of senior mining professionals with extensive experience in managing mining and processing operations and large-scale exploration programmes. Golconda Gold is committed to operating at world-class standards and is focused on the safety of its employees, respecting the environment, and contributing to the communities in which it operates.

Note:
(1) This is forward-looking information and is based on a number of assumptions. See ‘Cautionary Notes’.


Cautionary Notes

Certain statements contained in this press release constitute ‘forward-looking statements’. All statements other than statements of historical fact contained in this press release, including, without limitation, statements regarding the Company’s expectation that mining on a second level of the Galaxy ore body will start by the end of 2025, the Company’s future financial position and results of operations, strategy, proposed acquisitions, plans, objectives, goals and targets, and any statements preceded by, followed by or that include the words ‘believe’, ‘expect’, ‘aim’, ‘intend’, ‘plan’, ‘continue’, ‘will’, ‘may’, ‘would’, ‘anticipate’, ‘estimate’, ‘forecast’, ‘predict’, ‘project’, ‘seek’, ‘should’ or similar expressions or the negative thereof, are forward-looking statements. These statements are not historical facts but instead represent only the Company’s expectations, estimates and projections regarding future events. These statements are not guarantees of future performance and involve assumptions, risks and uncertainties that are difficult to predict. Therefore, actual results may differ materially from what is expressed, implied or forecasted in such forward-looking statements.

Additional factors that could cause actual results, performance or achievements to differ materially include, but are not limited to the risk factors discussed in the Company’s management’s discussion and analysis for the year ended December 31, 2024. Management provides forward-looking statements because it believes they provide useful information to investors when considering their investment objectives and cautions investors not to place undue reliance on forward-looking information. Consequently, all of the forward-looking statements made in this press release are qualified by these cautionary statements and other cautionary statements or factors contained herein, and there can be no assurance that the actual results or developments will be realized or, even if substantially realized, that they will have the expected consequences to, or effects on, the Company. These forward-looking statements are made as of the date of this press release and the Company assumes no obligation to update or revise them to reflect subsequent information, events or circumstances or otherwise, except as required by law.

Information of a technical and scientific nature that forms the basis of the disclosure in the press release has been approved by Kevin Crossling Pr. Sci. Nat., MAusIMM. Geological Consultant for Golconda Gold, and a ‘qualified person’ as defined by National Instrument 43-101. Mr. Crossling has verified the technical and scientific data disclosed herein and has conducted appropriate verification on the underlying data.

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 release.

For further information please contact:
Ravi Sood
CEO, Golconda Gold Ltd.
+1 (647) 987-7663
ravi@golcondagold.com
www.golcondagold.com

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Homerun Resources Inc. Announces Future Production of 100% Antimony-Free Solar Glass in Brazil

Investing 5 Mins Read

Homerun Resources Inc. (TSXV: HMR,OTC:HMRFF) (OTCQB: HMRFF) (‘Homerun’ or the ‘Company’) is pleased to announce that our technical partners in the Belmonte (BA) Solar Glass Manufacturing project have confirmed that the exceptional purity of the silica sand from the Company’s resources in the Santa Maria Eterna District will allow the Company to offer customers a portfolio of solar glass that is 100% free of added antimony compounds.

In traditional solar glass manufacturing, antimony improves refining, prevents oxidation of iron ions, resulting in higher transmittance and fewer defects. However, the global solar industry is at an inflection point. Concerns are rising about the environmental toxicity and recyclability challenges posed by antimony, a heavy metal flagged by the USEPA as hazardous at even minuscule concentrations. Leading regulatory bodies in Europe and the U.S. are increasingly emphasizing antimony-free standards for solar glass, with Germany’s latest PV manufacturing guidelines and the EU’s Ecolabel directive setting new environmental boundaries for imported and locally produced panels.

Homerun’s technical partners advise that the Company will produce solar glass that is 100% free of added antimony from the initiation of production. Equipment and furnace design are already prepared, with the same or less CAPEX required. Operational adjustments are minor and within the existing specifications and should result in reduced OPEX since antimony substitutes are less costly. This is only possible because of the exceptionally low oxidizable iron ions levels, below 20ppm, of the Company’s HPQ silica sand in Santa Maria Eterna, Belmonte, Bahia, Brazil.

Bans and restrictions on antimony use in solar glass are increasing global demand for high-purity, low-iron silica sand as glassmakers shift to safer, more sustainable feedstocks that can deliver the required optical clarity and durability without chemical additives. As antimony-free manufacturing becomes the industry standard, only silica sand with extremely low iron content is suitable for premium solar glass. This should add demand and add increased value in the marketplace for these scarce low iron feedstocks.

This innovation comes at a crucial moment for the global solar sector. Demand for cleaner PV technologies is soaring, as industry analysts anticipate solar module and glass waste volumes reaching 1.5-1.7 million tons by 2030, with antimony residues presenting long-term risks for people and ecosystems. The ability to supply 100% antimony-free solar glass positions Homerun Resources as a market leader delivering both superior performance and uncompromising health and environmental standards and developing complete recycling toward a true circular solar economy.

‘Starting our operations without adding antimony represents a decisive economic and environmental milestone for Homerun. By leveraging the exceptional purity of our silica sand resources, we can combine cutting-edge technology with the highest standards of environmental responsibility, positioning the Company as a leader in the global solar glass industry,’ stated Odir Pedrazzi, Vice-President of Operations for Homerun.

Independent test results from institutions like Switzerland’s SPF confirm that antimony-free solar glass offers the highest efficiency and resilience against photo-degradation among all major glass formats. [1]

Sources: [1] https://borosilrenewables.com/product/nosbera-antimony-free-solar-glass

About Homerun (www.homerunresources.com)

Homerun (TSXV: HMR,OTC:HMRFF) is a vertically integrated materials leader revolutionizing green energy solutions through advanced silica technologies. As an emerging force outside of China for high-purity quartz (HPQ) silica innovation, the Company controls the full industrial vertical from raw material extraction to cutting-edge solar, battery and energy storage solutions. Our dual-engine vertical integration strategy combines:

Homerun Advanced Materials

  • Utilizing Homerun’s robust supply of high purity silica sand and quartz silica materials to facilitate domestic and international sales of processed silica through the development of a 120,000 tpy processing plant.

  • Pioneering zero-waste thermoelectric purification and advanced materials processing technologies with University of California – Davis.

Homerun Energy Solutions

  • Building Latin America’s first dedicated high-efficiency, 365,000 tpy solar glass manufacturing facility and pioneering new solar technologies based on years of experience as an industry leader in developing photovoltaic technologies with a specialization in perovskite photovoltaics.

  • European leader in the marketing, distribution and sales of alternative energy solutions into the commercial and industrial segments (B2B).

  • Commercializing Artificial Intelligence (AI) Energy Management and Control System Solutions (hardware and software) for energy capture, energy storage and efficient energy use.

  • Partnering with U.S. Dept. of Energy/NREL on the development of the Enduring long-duration energy storage system utilizing the Company’s high-purity silica sand for industrial heat and electricity arbitrage and complementary silica purification.

With multiple profit centers built within the vertical strategy and all gaining economic advantage utilizing the Company’s HPQ silica, across, solar, battery and energy storage solutions, Homerun is positioned to capitalize on high-growth global energy transition markets. The 3-phase development plan has achieved all key milestones in a timely manner, including government partnerships, scalable logistical market access, and breakthrough IP in advanced materials processing and energy solutions.

Homerun maintains an uncompromising commitment to ESG principles, deploying the cleanest and most sustainable production technologies across all operations while benefiting the people in the communities where the Company operates. As we advance revenue generation and vertical integration in 2025, the Company continues to deliver shareholder value through strategic execution within the unstoppable global energy transition.

On behalf of the Board of Directors of
Homerun Resources Inc.

‘Brian Leeners’

Brian Leeners, CEO & Director
brianleeners@gmail.com / +1 604-862-4184 (WhatsApp)

Tyler Muir, Investor Relations
info@homerunresources.com / +1 306-690-8886 (WhatsApp)

FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

The information contained herein contains ‘forward-looking statements’ within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be ‘forward-looking statements’.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/269592

News Provided by Newsfile via QuoteMedia

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Saskatchewan Implements New Lithium Royalty

Investing 3 Mins Read

Saskatchewan has introduced a new royalty framework for lithium production, marking a major step toward supporting the province’s growing role in Canada’s critical minerals sector.

The amendments to The Subsurface Mineral Royalty Regulations, 2017 formally establish a 3 percent Crown royalty on the value of brine mineral sales, coupled with a two-year holiday for new productive capacity.

Provincial officials said the change aligns Saskatchewan’s royalties for lithium with those already applied to potash, salt, and sodium sulphate, and keeps the province competitive with leading jurisdictions worldwide.

“Lithium is a critical mineral that is expected to see strong demand and growth in the decades ahead, and Saskatchewan is well-positioned to take advantage of this opportunity,” Energy and Resources Minister Colleen Young said.

“By putting this royalty framework in place now, we are providing certainty for industry, while ensuring the people of Saskatchewan benefit as this sector develops,” Young added.

Industry participants welcomed the move, calling it a clear signal that the province intends to be a serious player in the global lithium supply chain.

Canada-based explorer EMP Metals (CSE:EMPS,OTCQB:EMPPF) described the rate as internationally competitive and a meaningful boost for project economics.

“This is very welcome news. The government of the province of Saskatchewan has once again proven itself to be supportive of lithium production in the province,” EMP Metals CEO Karl Kottmeier said. “This is a highly competitive royalty rate internationally, and a two-year royalty holiday on new production immediately makes a positive impact on financial modelling of what is already a compelling business case for our Project Aurora lithium production project.”

Grounded Lithium (TSXV:GRD) President and CEO Gregg Smith also noted that the policy encourages further investment while recognizing the high upfront costs of developing processing capacity.

“This new regulatory framework provides a reasonable royalty rate while also recognizing the significant risk and initial investment companies make in processing facilities to ultimately achieve commercial production,” Smith said.

Saskatchewan has emerged as one of Canada’s top destinations for mining investment. The Fraser Institute’s Annual Survey of Mining Companies ranked it the country’s leading jurisdiction, with the province projected to attract over US$7 billion in mining investment this year — more than a quarter of Canada’s total.

The lithium framework also aligns with the province’s broader Critical Minerals Strategy, launched in 2023 to position Saskatchewan as a key contributor to Canada’s resource independence and energy transition.

The plan targets a 15 percent share of national mineral exploration by 2030, the doubling of critical mineral production, and the expansion of existing potash, uranium, and helium output.

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

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Government limps deeper into shutdown crisis with no deal in sight

Politics 4 Mins Read

The Senate remains deadlocked on a path to end the shutdown as it nears its second week, and Republicans’ meager support across the aisle to reopen the government may be crumbling.

Senate Majority Leader John Thune, R-S.D., needs at least eight Senate Democratic caucus members to join Republicans to reopen the government, given that Sen. Rand Paul, R-Ky., has consistently voted against the GOP’s bill.

So far, a trio of Democratic caucus members, Sens. John Fetterman, D-Pa., Catherine Cortez Masto, D-Nev., and Angus King, I-Maine, have crossed the aisle to reopen the government.

That group has joined Republicans in nearly all five attempts to reopen the government.

But, as time drags on and a deal remains out of reach, at least one is considering changing his vote.

King said ahead of the fifth vote to reopen the government on Monday that he was considering flipping his support of the GOP’s bill, and he argued that he needed ‘more specificity about addressing the problem’ of the expiring Obamacare tax credits.

‘I think this problem is urgent, and just saying, as the leader did on Friday, ‘well, we’ll have conversations about it,’ is not adequate,’ he said.

King’s possible defection comes as Republicans and Democrats engage in low-level conversations on a path out of the shutdown. Those impromptu dialogues have so far not morphed into real negotiations, however.

And the stalemate in the upper chamber has only further solidified both sides’ positions.

Senate Democrats, led by Senate Minority Leader Chuck Schumer, D-N.Y., want a firm deal in place to extend expiring Obamacare subsidies. Senate Republicans have said that they will negotiate a deal only after the government is reopened and want reforms to the program that they charge has been inflationary and further increased the cost of healthcare for Americans.

Sen. Susan Collins, R-Maine, has circulated an early plan that includes a discussion of the Affordable Care Act (ACA) subsidies that could be a way out of the shutdown, but so far, it’s in its preliminary stages.

‘It suggests that there be a conversation on the ACA extension for the premium tax credits after we reopen the government,’ she said. ‘But there will be a commitment to having that discussion.’

President Donald Trump signaled on Monday that he would be open to a deal on the subsidies, and he said that negotiations with Democrats were ongoing.

However, Schumer pushed back and called Trump’s assertion ‘not true.’ The top Senate Democrat has also shifted the onus of the shutdown, and lack of negotiations, directly onto House Speaker Mike Johnson, R-La.

‘Clearly, at this point, he is the main obstacle,’ Schumer said on the Senate floor. ‘So ending this shutdown will require Donald Trump to step in and push Speaker Johnson to negotiate.’

Meanwhile, the White House is exerting more pressure on Senate Democrats to cave and reopen the government. A new memo reported by Axios suggested that furloughed federal employees may not have to receive back pay, running counter to a law that Trump signed in 2019 that guaranteed furloughed workers would receive back pay in future shutdowns.

That comes on the heels of a memo from the Office of Management and Budget last month that signaled mass firings beyond the typical furloughs of nonessential federal workers, and it follows the withholding of nearly $30 billion in federal funds for blue cities and states.

Thune argued that ‘if you’re the executive branch of the government, you’ve got to manage a shutdown.’

‘At some point, you’re going to have to make some decisions about who gets paid, who doesn’t get paid, which agencies and departments get priorities and prioritized and which ones don’t,’ Thune said. ‘I mean, I think that’s a fairly standard practice in the event of a government shutdown. Now, hopefully that doesn’t affect back pay … but again, it’s just that simple: open up the government.’

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Trump meets former Hamas hostage Edan Alexander on Oct. 7 anniversary

Politics 3 Mins Read

President Donald Trump met with Edan Alexander, who was freed in May from captivity with Hamas, on Tuesday — exactly two years after Hamas attacked Israel. 

This marks the second time Alexander, a 21-year-old American–Israeli who spent nearly 600 days as a hostage after Hamas abducted him after its initial attack on Israel, will visit the White House since his release from captivity. Alexander previously visited the White House in July. 

Alexander was raised in Tenafly, New Jersey, and headed to Israel when he was 18-years-old to volunteer for the Israel Defense Forces. He lived with his grandparents in Tel Aviv before he was taken hostage by Hamas. 

Alexander’s appearance at the White House also comes as the Trump administration has put forth a 20-point plan to end the conflict and return the 48 hostages still in captivity. The plan would require all hostages, both dead and alive, to be returned within 72 hours of Hamas signing off on the deal. It also calls for Israeli forces to withdraw its troops and for a complete disarmament of Hamas. 

Trump’s Justice Department has cracked down on Palestinian militant group Hamas, and established a new task force in March aimed at providing justice to the victims of Hamas’ Oct. 7 attack. 

Attorney General Pam Bondi said the group, known as Joint Task Force October 7, would focus on identifying, charging and prosecuting those who conducted the 2023 attacks, which took the lives of roughly 1,200 people — including 47 U.S. citizens. Hamas also took more than 250 people hostage that day, including eight U.S. citizens.

The IDF is the national military for Israel. Hamas has served as the governing body of Gaza.

Meanwhile, lawmakers on Capitol Hill have warned that antisemitic attacks are becoming more common in the U.S., in the aftermath of the ongoing conflict. Antisemitic violence reached a new high in 2024, according to the Anti-Defamation League, which recorded 9,354 antisemitic instances of harassment, assault and vandalism in the U.S. in 2024. That is a 5% increase from the 8,873 incidents recorded in 2023 and a 344% increase in the past five years.

‘The October 7 Hamas-led terrorist attack was not only a horrific assault on innocent civilians in Israel, including numerous American citizens, but it was also a wake-up call to the threats we face here at home,’ Rep. Andrew Garbarino, R-N.Y., chair of the House Homeland Security Committee, said in a Tuesday statement to Fox News Digital.

‘In the two years following this tragedy, acts of terrorism and targeted antisemitic violence are increasingly common on U.S. soil, as both foreign and domestic terrorists work to inspire lone-wolf actors,’ Garbarino said. ‘Jewish Americans continue to face intimidation and attacks simply because of their faith. This is unacceptable, and anyone who defends these calls for violence is complicit.’ 

Trump also met with Canadian Prime Minister Mark Carney Tuesday amid ongoing trade negotiations between the two countries.

Fox News’ Caitlin McFall contributed to this report. 

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