Archive

November 2025

Browsing

Highlights:  

•  GS2519

1.08 g/Au over 110.7m one of the most western  

holes drilled to date in the WOW Zone.

•  GS2521

1.7g/t Au over 70.1m

•  GS2522

1.44 g/t Au over 22.5m from 4.5m

•  GS2526

 0.9 g/t Au over 182.9m

The width refers to drill hole intercepts; true width cannot be determined due to the uncertain geometry of mineralization 

2025 PROGRAM

  • Drilling is expected to remain ongoing until mid-December
  • Conversion of inferred resources into indicated & further exploration drilling and geotechnical drilling.
  • 54 holes ( ~35,000m) completed
  • Ongoing metallurgical work, focusing on flowsheet optionality with sulphide oxidation is a key part of our strategy to maximize the potential of the resource.

VANCOUVER, BC, Nov. 20, 2025 /CNW/ – Freegold Ventures Limited (TSX: FVL,OTC:FGOVF) (OTCQX: FGOVF) pleased to announce the results from eight additional drill holes at the Golden Summit project which further demonstrate the project’s resource potential.  To date, the company has completed 54 drill holes, and the drilling of 36,231m including ongoing holes. A substantial number of assay results are still pending with results expected to be reported as they are finalized.

Objectives of the 2025 Drill Program
The 2025 drill program aims to upgrade resources, expand mineralization, and define boundaries in the Dolphin and Cleary Zones. This involves exploration, geotechnical, and metallurgical test holes. Significant exploration potential remains both to the west and east of the current deposit.

Cleary Zone

Hole

Depth

Dip

Azimuth

From 

To

Interval

Au

Number

(m)

(m)

(m)

g/t

GS2510

492.9

-75

360

35.7

63.1

27.4

0.89

297.8

316.1

18.3

0.82

370.9

377

6.1

7.50

425.8

459.3

33.5

1.49

GS2513

448.1

-80

360

35.7

60

24.3

1.43

261.2

268.5

7.3

5.98

 incl

263.3

264.3

1.0

31.74

353.6

383.1

29.5

1.06

407.5

422.8

15.3

0.96

GS2521

577.3

-75

360

249

319.1

70.1

1.7

416.7

481.3

64.6

0.73

535.5

577.3

41.8

1.29

The width refers to drill hole intercepts; true width cannot be determined due to the uncertain geometry of mineralization.

GS2510 had a planned depth of 600m but reached only 492.9m due to difficult drilling conditions. In the target zone, the hole intersected 1.49g/t Au over 32.5m at a depth of 425.8m. GS2513 and GS2521 were both infill holes and part of the 10-hole groundwater investigation program conducted to measure the hydraulic properties of lithologies within the potential proposed pit volume (i.e., schist, granodiorite, and tonalite) through packer testing. The results will provide hydraulic conductivities to inform the conceptual hydrogeologic model and help estimate dewatering needs. Vibrating Wire Piezometers (VWPs) were installed in these 8 of these holes to measure groundwater levels within the potential pit area, including vertical and horizontal gradients, to identify potential fault-block compartmentalization, and to monitor long-term groundwater levels. VWP depths were chosen to target various schist units, granodiorite, and tonalite in each hole.

GS2513 intersected higher-grade mineralization closer to surface, with 1.43g/t Au over 24.3m from 35.7m. It was also planned for a depth of 600m but was terminated at 448m due to difficult conditions. GS2521 intersected 1.7g/t Au over 70.1m at 259m and an additional 1.29g/t Au at 535.5m; however, the hole was lost in the mineralized zone before reaching the planned depth of 700m.

Dolphin Zone

Hole

Depth

Dip

Azimuth

From 

To 

Interval

Au

Number

(m)

(m)

(m)

g/t

GS2518

656.2

-75

360

142

169.1

27.1

1.17

262.7

307.8

45.1

0.86

364.8

370

5.2

1.35

507.5

569.1

61.6

0.96

611.7

617.8

6.1

4.14

GS2526

603.6

-80

360

24.2

25.6

1.4

12.19

37.5

53.9

16.4

1.26

104.2

130.2

26

0.93

282.6

290.2

7.6

4.97

367

381.6

14.6

0.82

386.2

569.1

182.9

0.9

incl

544.2

569.1

24.9

1.29

The width refers to drill hole intercepts; true width cannot be determined due to the uncertain geometry of mineralization.

GS2518 was drilled to a depth of 656.2m, but was initially planned to 700m. The hole was lost due to difficult ground conditions, but it still demonstrates the continuity of mineralization. GS2518 was also a hydrological hole. G2526 intersected several zones, with a higher-grade zone closer to the surface of 1.26 g/t Au over 16.4m from a depth of 37.5m, and a broad zone of 0.90 g/t Au over 182.9m from 386.2m. GS2526 lies within the projected potential starter pit area. These results suggest strong mineralization near the surface, which could enhance the economic viability of the starter pit area and support further exploration efforts.

GS2519, GS2522 and GS2525 – WOW Zone
GS2519, GS2522 and GS2525 were all drilled within the WOW Zone. All three holes intersected significant zones of over 1.0 g/t Au mineralization, continuing to validate the WOW Zone’s potential to host higher-grade mineralization. GS2519 one of the most western holes drilled in the WOW zone and returned 1.08g/t Au over 110.7m from a depth of 365m.  The hole encountered several other zones over 1.0 g/t Au at depth, including 1.65g/t Au over 54m from 404m, and a further 1.44 g/t Au over 18m from 617m. These intercepts indicate strong mineralization potential to depth and continue to support our ongoing resource model.  GS2522 intersected 1.44 g/t Au over 22.5m from 4.5m, and several other narrower zones of plus 1 g/t Au, again demonstrating the potential of this exciting zone. GS2525 (section 478600), demonstrates the potential to expand the current mineralized envelope with infill drilling. Mineralization in the WOW Zone remains open to depth and along strike to the west and southwest.

WOW Zone

Hole

Depth

Dip

Azimuth

From 

To 

Interval

Au

Number

(m)

(m)

(m)

g/t

GS2519

755

-90

0

78.3

86.6

8.3

1.11

108.4

117.2

8.8

1.15

128

137

9

3.15

186.3

198.8

12.5

1.39

365

475.7

110.7

1.08

incl

404

458

54

1.65

536

598.4

62.4

0.87

617

635

18

1.44

GS2522

665

-75

360

4.5

27

22.5

1.44

142.3

162.5

20.2

0.74

344

365

21

1.30

590

611

21

1.05

GS2525

539.3

-70

360

59

72

13

1.10

181.7

194.8

13.1

3.45

407

456.4

49.4

0.97

The width refers to drill hole intercepts; true width cannot be determined due to the uncertain geometry of mineralization.

Metallurgical Update
Metallurgical test work continues to validate the understanding of the potential process flowsheet for the Golden Summit material. As part of these ongoing studies, an expanded Master Composite of Golden Summit drill core assay rejects has been created and is a primary focus of the ongoing metallurgical test program being conducted at BaseMet Labs in Kamloops, BC.

The Master Composite consists of assay reject material from 12 drill holes based on multiple continuous intervals in each hole above cut-off grade of 0.5 g/t gold Au subject to a minimum mining thickness of 6m. A total of 1,500kg of material has been blended with the intention of processing through a pilot plant to produce sufficient mass of sulphide concentrate upon which to carry out further optimization test work of the three oxidation processes, which have delivered excellent results to date. Pressure Oxidation (POX), BiOx and Albion Process testing will continue to be applied to Golden Summit concentrate to enable trade-off studies in the Pre-Feasibility Study (‘PFS’).

The drill holes which have been used in the Master Composite are:

GS2167, GS2168, GS2201, GS2203, GS2206, GS2207, GS2208, GS2209, GS2438.  GS2439 .GS2440, GS2441 –(see below link for hole locations)

A total of six tests, each comprised of 20kg of the Master Composite material incorporating gravity recovery, followed by locked-cycle flotation and cleaner flotation to produce a clean sulphide concentrate, have been completed. The mass of the cleaner concentrate is approximately 4.6% of the total feed. The cleaner concentrate was subsequently treated with Albion Process., and the Carbon-In-Leach response of the Albion Process residue was excellent, with over 97% of the gold contained in the cleaner concentrate being recovered by standard CIL techniques. The net overall gold recovery from the feed material was 93.9%.

Ongoing Program
The 2025 program is advancing steadily.  In addition to this year’s extensive drilling, other activities supporting the initiation of a Pre-Feasibility Study—such as cultural resource assessments, paleontology, groundwater analysis, and mamma habitat studies—are still underway.

Since 2020, the Golden Summit project has become one of North America’s largest undeveloped gold resources. The significant increase in resource ounces and grade is the result of targeted drilling campaigns from 2020 to 2024 (over 130,000 meters), ongoing improvements to geological models, and a better understanding of mineralization controls. Positive metallurgical test results have also advanced the project. Ongoing drilling has continued to delineate zones of higher-grade mineralization and to convert previously considered waste areas into potentially economically viable mineralized zones. Continued westward expansion has resulted in the discovery of new higher-grade zones, increasing both indicated gold resources and grades.

Overall gold recovery rates exceeding 90% have been achieved using a flowsheet consisting of gravity concentration, flotation to produce a cleaner concentrate, subsequently treated with sulphide-oxidizing techniques, including BIOX®,POX, and the Albion Process, producing feed to carbon-in-leach for additional gold recovery from the concentrate.

As of July 2025, the current Golden Summit resource includes an Indicated Primary Mineral Resource of 17.2 million ounces at 1.24 g/t Au and an Inferred Primary Mineral Resource of 11.9 million ounces at 1.04 g/t Au, calculated using a 0.5 g/t cut-off grade and a gold price of $2,490 three-year trailing average gold price. A significant number of assay results remain pending.

Drilling is expected to continue until mid-December and resume in February 2026. Results from the 2025 drilling campaign will provide the basis for an updated mineral resource estimate, which will support the upcoming Pre-Feasibility Study (PFS).

Links to the Plan Map and Section 478600E and Master Composite Drill Hole Locations

https://freegoldventures.com/site/assets/files/6287/cp-met-drilling-all.png

https://freegoldventures.com/site/assets/files/6287/nr-2025-drilling-20251119.png

https://freegoldventures.com/site/assets/files/6287/e478600-section-november2025.pdf

Update on Shorty Creek
Freegold and Gold Range were unable to reach an agreement on suitable commercial terms, and the lease for the Shorty Creek project has therefore been terminated.   As we enter this transformational period for Freegold, we believe our attention is best focused on Golden Summit.  Accordingly, Freegold’s exploration and development efforts will focus on the highly prospective Golden Summit Project as it advances the project through pre-feasibility over the coming year.

QA/QC
HQ Core is logged, photographed and cut in half using a diamond saw, and one-half placed in sealed bags for preparation and subsequent geochemical analysis by MSA Laboratories in Fairbanks, Alaska or ALS’s facilities in Vancouver and Thunder Bay.  At MSALABS, the entire sample will be dried and crushed to 70% passing -2mm (CRU-CPA). A ~500g riffle split was analyzed for gold using CHRYSOS PhotonAssay (CPA-Au1). From this, 250g will be further riffle split from the original PhotonAssay sample, pulverized, and a 0.25g sub-sample analysed for multi-element geochemistry using MSA’s IMS230 package, which includes 4-acid digestion and ICP-MS finish. MSALABS operates under ISO/IEC 17025 and ISO 9001 certified quality systems.

Core samples were delivered to ALS’s facility in Vancouver, Canada, where each sample was crushed to 70% passing a 2 mm (Tyler 9 mesh, U.S. Std. No. 10) screen.  A representative ~500 g subsample was obtained by riffle splitting (SPL-32a) and analyzed for gold using ALS method Au-PA01, which provides a detection range of 0.03 to 350 ppm, in Thunder Bay.

In addition, a subsample was analyzed for multi-element geochemistry using ALS method ME-ICP61 (34-element, four-acid ICP-AES).

A QA/QC program includes laboratory and field standards inserted every ten samples. Blanks are inserted at the start of the submittal, and at least one blank every 25 standards.

The Qualified Person for this release is Alvin Jackson, P.Geo., Vice President of Exploration and Development for Freegold, who has approved the scientific and technical disclosure in this news release.

About Freegold Ventures Limited
Freegold is a TSX-listed company focused on exploration in Alaska.

Some statements in this news release contain forward-looking information, including, without limitation, statements as to planned expenditures and exploration programs, potential mineralization and resources, exploration results, the completion of an updated NI 43-101 technical report, and any other future plans. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by the statements. Such factors include, without limitation, the completion of planned expenditures, the ability to complete exploration programs on schedule, and the success of exploration programs. See Freegold’s Annual Information Form for the year ended December 31st, 2024, filed under Freegold’s profile at www.sedar.com, for a detailed discussion of the risk factors associated with Freegold’s operations.

 

SOURCE Freegold Ventures Limited

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/November2025/20/c7339.html

News Provided by Canada Newswire via QuoteMedia

This post appeared first on investingnews.com

Critical Mineral Resources plc (“CMR”, “Company”) is delighted to announce the arrival of its diamond core drilling rig at Agadir Melloul, marking a major step forward that puts the project in an excellent position to accelerate drilling activity. The team is now focused on commissioning the rig as quickly as possible, with the first bore hole expected to be drilled during the first half of December.

Highlights

The Company’s fully refurbished Discovery HD track-mounted diamond core drill has arrived at Agadir Melloul. Some important features:

  • Fitted with brand new Caterpillar 308E steel tracks for rapid moves between drill pads
  • Compact, robust design with a heavy-duty telescopic mast and powerful hoisting winch capable of pulling the complete drill string from the ground and pulling in 20 ft sections
  • Drilling depth capacity of 1400m NQ (47.6mm core), 876m HQ (63.5mm core)
  • Delivered with new consumable parts such as jaws, bushings and comprehensive remote site spares kit to minimise risk of downtime

The rig is expected to be operational during the first half of December, almost immediately doubling our drilling capacity.

Charlie Long CEO commented:

“It has been quite a journey for our Discovery HD rig and its arrival represents an important milestone for the project. The rig has undergone a comprehensive refurbishment and is effectively as good as new. With proper care, we expect it to deliver consistent performance for the next decade and provide significant per metre cost savings.

Multi Power, the manufacturer, was extremely supportive, generously installing a brand new feed cylinder, instead of resealing the original, replacing key components including foot clamp, and completely stripping and professionally repainting the mast. New Cat 308E tracks were also sourced and installed to ensure maximum efficiency.

The additional refurbishment and some shipping complications meant the rig arrived later than originally planned. It is a testament to our team on the ground, and the advantages of operating in Morocco, that once we knew of the delay, we were quickly able to secure the services of a trusted drilling contractor who began work immediately, ensuring that progress continued uninterrupted.

We are now carefully unpacking and inspecting all components, and with our newly appointed drill operator already in place, the team is ready to commission and bring the rig into operation without delay. The arrival of our rig puts us in an excellent position to significantly accelerate drilling and to advance on all fronts, simultaneously drilling both the sedimentary copper deposit and the exciting new Rhyolite discovery.

We look forward to seeing the Discovery HD drill its first holes in the first half of December”.

Fig.1 Discovery HD track-mounted diamond drill at Agadir Melloul

Source: Company

Critical Mineral Resources PLC
Charles Long, Chief Executive Officer

info@cmrplc.com

AlbR Capital
Jon Belliss

+44 (0) 20 7399 9425

Notes To Editors

Critical Mineral Resources (CMR) PLC is an exploration and development company focused on developing assets that produce critical minerals for the global economy, including those essential for electrification and the clean energy revolution. Many of these commodities are widely recognised as being at the start of a supply and demand super cycle.

CMR is building a diversified portfolio of high-quality metals exploration and development projects in Morocco, focusing on copper, manganese and potentially other critical minerals and metals. CMR identified Morocco as an ideal mining-friendly jurisdiction that meets its acquisition and operational criteria. The country is perfectly located to supply raw materials to Europe and possesses excellent prospective geology, good infrastructure and attractive permitting, tax and royalty conditions. In 2023, the Company acquired an 80% stake in leading Moroccan exploration and geological services company Atlantic Research Minerals SARL.

The Company is listed on the London Stock Exchange (CMRS.L). More information regarding the Company can be found at www.cmrplc.com

Source

This post appeared first on investingnews.com

Republican legislation brewing in the House of Representatives aimed at addressing civil litigation transparency is sparking concern from some conservative organizations that fear it could chill donor participation and make it more difficult for Americans of modest means to hold ‘woke’ companies accountable. 

In a letter sent earlier this week, Tea Party Patriots Action urged the House Judiciary Committee to reject HR 1109, introduced by GOP Reps. Darrell Issa, Scott Fitzgerald and Mike Collins, which is known as the Litigation Transparency Act of 2025.

It’s aimed at ensuring greater transparency in litigation, requiring parties receiving payment in lawsuits to disclose their identity. 

The letter warns that ‘sweeping disclosure mandates in this bill threaten our core American principles of personal privacy, confidentiality, and freedom of speech and association.’

‘This legislation would require litigants to preemptively disclose detailed information about private financial arrangements, such as litigation funding agreements, independent from the discovery process and without any finding of relevance by a judge,’ the letter, signed by over a dozen conservative groups, including America First Legal, Defending Education, Heartland Institute and the American Energy Institute, states.

‘The bill’s forced disclosure mandates would broadly apply to any number of political organizations, religious groups, law firms, or individual plaintiffs that rely on outside support to vindicate their rights.

‘If adopted, H.R. 1109 will have a chilling effect on free speech and association and directly threaten the privacy rights of Americans,’ the letter warns. ‘The end result will be fewer Americans having the resources or willingness to bring legitimate claims, which threatens to undermine future legal battles over issues critical to our movement.

‘The privacy interests at stake here are not abstract. We have seen how disclosure regimes can be easily weaponized by bad actors, particularly those seeking to attack and intimidate political opponents.’

Issa told Fox News Digital Wednesday afternoon there is ‘misinformation’ circulating about what the bill actually proposes to do, and there will be a ‘small update tomorrow to clarify one item.’

‘What’s actually happened is language has been put in to assure groups that we’re not looking to overturn NAACP v. Alabama or any of the other historical 501(c) privileges that you don’t turn over your donor list and so on,’ Issa said. ‘That was something that Obama and Biden tried to do a couple of times. We want nothing to do with that. We’re only asking that if there is a material funder slash partner in a lawsuit, that they be disclosed.

I fully respect and appreciate the concerns of people who want to make sure that this does not turn into a burdensome discovery of, for example, a nonprofit’s hundreds, thousands or millions of donors.

‘We share the concern of all these groups that we wanted to make sure we believed we were on solid ground as written, but in an abundance of caution, my staff and all the parties worked to try to come up with the most straightforward, effective way to say, of course, you don’t have to disclose your donors.’

Proponents of the legislation, including the U.S. Chamber of Commerce, call it a ‘vital step toward ensuring that our legal system remains a tool for justice rather than being a playground for hidden financial interests.’

In his press release announcing the legislation in February, Issa said, ‘Our legislation targets serious and continuing abuses in our litigation system that distort our system of justice by obscuring public detection and exploiting loopholes in the law for financial gain.

‘Our approach will achieve a far better standard of transparency in the courts that people deserve, and our standard of law requires. We fundamentally believe that if a third-party investor is financing a lawsuit in federal court, it should be disclosed rather than hidden from the world and left absent from the facts of a case.’  

The press release explained that hundreds of cases a year involve civil cases funded by undisclosed third-party interests as an investment for return from hedge funds, commercial lenders and sovereign wealth funds through shell companies and that there are often investor-backed entities who seek hefty settlements from American companies that end up ‘distorting the free market and stifling innovation.’

The conversation about the legislation reignites an ongoing showdown between insurers and large corporations that have made the case that third-party funding drives abusive suits and inflated settlements. Some argue there’s a need for more transparency about those who fund litigation and for limits to speculative investment in lawsuits against advocacy-oriented nonprofits and legal networks. Those groups argue they are the only mechanism for those without deep pockets to take legal action against well-funded companies. 

Many advocacy-oriented nonprofits and legal networks simply don’t hand over charitable donations to a lawsuit. Instead, they use structured litigation vehicles, limited liability companies, donor-advised funds or legal defense trusts that front the costs of a case and are reimbursed, sometimes with interest, if the case wins or settles. The process is known as non-recourse or outcome-contingent funding, meaning the investor only gets money back if the case succeeds.

Nonprofits like Consumers’ Research have been using litigation finance in recent years to push back against ‘woke capitalism’ to counter ESG and DEI policies. And the group’s executive director, Will Hild, told Fox News Digital it has been ‘all too easy for major companies to use their outsized influence and powerful market shares to push an ideological agenda with little to no recourse.’

Hild told Fox News Digital he views the legislation as an ‘attack’ on one of the ‘few tools Americans have to hold powerful, woke corporations accountable.’

Hild added, ‘Even worse, it imposes dangerous disclosure mandates that would force plaintiffs to expose confidential litigation funding agreements. This bill blatantly tips the scales in favor of woke corporations and makes it far harder for victims to secure the resources they need to fight back.’

The letter from the conservative groups also expresses fear that ‘compelled disclosure of private financial arrangements would force litigants to unveil the identity of donors — violating donor privacy rights and exposing them to threats of harassment and retaliation.’

In a Tuesday op-ed in The Hill opposing the legislation, Alliance Defending Freedom founder Alan Sears pointed to Supreme Court decisions he says have ‘affirmed that forced disclosure of private association undermines fundamental freedoms.’

In a statement to Fox News Digital, Rep. Fitzgerald said, ‘As reiterated to these groups in multiple discussions, it remains Congress’ intent to protect the First Amendment rights of those who contribute to political groups and religious organizations, consistent with the Supreme Court’s opinion in Citizens’ United.’

Organizations that have endorsed the bill have pointed to concerns about foreign funding in courtrooms, specifically from China, including High Tech Investors Alliance, which said in a press release it commends the legislators who put it forward for ‘defending American businesses against the exploitation of our courts by foreign adversaries and unscrupulous hedge funds.’

‘For too long, a lack of transparency has allowed shell entities to manipulate the legal system to prey on American employers, concealing their predatory practices and identities of their financial backers,’ HTIA said. ‘As President Trump takes bold action against aggressive economic maneuvers by China and other countries, Congress must also act decisively to protect our judges and juries from becoming tools in the economic warfare waged by antagonists.’

Leonard Leo, who operates a vast network of conservative nonprofits and is linked to Consumers’ Research, told Politico earlier this year that ‘while there are areas, like mass tort, where litigation financing has been abused and could be reformed, it has always been a critical tool for the conservative movement to advance the public good by taking on the liberal woke agenda.’

The House Judiciary Committee did not mark the bill up Tuesday, and Fox News Digital is told it will be marked up on Thursday at 12 p.m. 

‘If someone is acting as a principal litigant, either directly or one step removed, then you have a right to face them. You have the right to cross-examine them. You have a right to know if they receive your trade secrets that were exposed and disclosed in litigation. These things are all important,’ Issa said.

He added the legislation does not require materials to be turned over to the defendant, and a judge can review them in private.

Issa continued, ‘We just want to make sure that the judge knows that just as the markman is a required part of determining what a patent means, that it’s a responsibility of the judge to determine who the litigants are and, as appropriate, disclosing them is required. And that last part has always been ignored a little bit. We’re only making sure that that discovery is asked for and evaluated at a minimum by the judge or magistrate overseeing the case.’

This post appeared first on FOX NEWS

A bid by Rep. Nancy Mace, R-S.C., to force a censure of her fellow House Republican and remove his committee assignments failed on Wednesday night.

Mace introduced a censure resolution against Rep. Cory Mills, R-Fla., earlier in the day, accusing him of stolen valor among other alleged improprieties.

Mills rose in his own defense on Wednesday night to call for a vote to refer the measure to the House Ethics Committee and deny her accusations.

His counter-effort succeeded, with the House voting 310-103 to send the matter to the ethics panel — effectively squashing Mace’s effort for an immediate punishment.

Seven House Republicans voted alongside Mace to move the censure vote forward. They are Reps. Anna Paulina Luna, R-Fla., Kat Cammack, R-Fla., Marjorie Taylor Greene, R-Ga., Lauren Boebert, R-Colo., Harriet Hageman, R-Wyo., Tim Burchett, R-Tenn., and Joe Wilson, R-S.C.

The 310 lawmakers who voted against Mace’s move included both Democrats and Republicans.

Twelve lawmakers, including members of the House Ethics Committee, voted ‘present.’

Mace introduced the censure as a privileged resolution, a mechanism aimed at forcing House GOP leaders to reckon with a piece of legislation in the immediate future.

The resolution accused Mills of a wide variety of improprieties, including misrepresenting his military service and working as a private military contractor while serving as a member of Congress. 

She also cited several media reports alleging Mills assaulted past romantic partners while being accused of threatening another woman he was also reportedly involved with. Mills previously denied those allegations.

In addition to censuring him, Mace’s resolution would have also removed Mills from his roles on the House Foreign Affairs Committee and House Armed Services Committee if successful.

Hours before the vote, however, the House Ethics Committee announced it would open an investigation into Mills via a new subcommittee — a move Mace criticized as an effort to neuter her push.

‘This is a naked attempt to kill my resolution to censure Rep. Cory Mills. Common sense tells us we don’t need an investigative subcommittee to decide if Cory Mills, who a Court found to be an immediate and present danger of committing dating violence against a woman, should serve on committees related to national security. Or the testimony of soldiers and the stolen valor,’ Mace said.

Notably, however, the House Ethics Committee is the traditional first step when lawmakers are accused of impropriety.

It comes after House Democrats threatened to pursue a retaliatory censure against Mills Tuesday evening in response to Republicans trying to censure Del. Stacey Plaskett, D-V.I., the Virgin Islands’ nonvoting representative in the House, over her ties to Jeffrey Epstein.

The Plaskett censure failed after three House Republicans voted ‘no’ and three more voted ‘present,’ however, along with every Democrat rejecting the measure. Democrats did not appear to pursue the censure against Mills after that.

Mace had accused Mills of participating in a ‘backroom deal’ at the time to avoid a censure, adding, ‘I have the General who ‘recommended’ him for the Bronze Star on record saying he never wrote it, never read it and never personally signed it.’

Mills’ office told Fox News Digital there was never a deal, however, and had expected his censure to move forward on Tuesday night. He also voted in favor of censuring Plaskett.

Mace introduced her resolution after sending a letter to Speaker Mike Johnson, R-La., on Wednesday accusing Mills of ‘credible accusations he misrepresented his military service’ and ‘credible accusations of having committed crimes against women.’

Mills has previously denied wrongdoing in reports of both sets of allegations.

He also criticized the move in a statement to Fox News Digital.

‘Congresswoman Nancy Mace’s latest stunt is a politically motivated attempt to grab headlines and settle personal scores. The American people deserve better than fabricated accusations and theatrics at a time when Republicans should be focused on governing,’ Mills said.

‘The claims on my valor that she’s pushing are baseless, recycled, and already publicly disproven. I fully deny them, just as I always have. This is not oversight, it’s attention-seeking dressed up as accountability.’

This post appeared first on FOX NEWS

The House of Representatives unanimously voted against a provision that allows Republican senators whose phone records were seized by former Special Counsel Jack Smith to sue the federal government.

The provision was included in the recently passed bill to end the 43-day government shutdown, which President Donald Trump signed into law last week.

Despite supporters saying the provision is necessary to give senators recourse when the executive branch oversteps its constitutional bounds and reaches into congressional communications, the last-minute inclusion of the measure outraged both Republicans and Democrats, underscoring the ever-present tensions between the House and Senate.

The repeal passed 426 to 0, with 210 Democrats and 216 Republicans in the tally.

Dubbed ‘Requiring Senate Notification for Senate Data,’ the provision would allow senators directly targeted in former special counsel Jack Smith’s Arctic Frost investigation to sue the U.S. government for up to $500,000.

House Appropriations Committee Chairman Tom Cole, R-Okla., who was involved in crafting part of the successful funding deal, told Fox News Digital he had even been afraid it could derail the final vote to end the shutdown.

‘It had been added in the Senate without our knowledge,’ Cole said. ‘It was a real trust factor … I mean, all of a sudden, this pops up in the bill, and we’re confronted with either: leave this in here, or we pull it out, we have to go to conference, and the government doesn’t get reopened.’

It was placed into the bill by Senate Majority Leader John Thune, R-S.D., and given the green light by Senate Minority Leader Chuck Schumer, D-N.Y., sources confirmed to Fox News Digital last week.

Thune put the provision into the bill at the request of members of the Senate GOP, a source familiar with the negotiations told Fox News Digital, which included Sens. Lindsey Graham, R-S.C., and Sen. Ted Cruz, R-Texas. 

It was a big point of contention when the House Rules Committee met to prepare the legislation for a final vote last Tuesday night. Reps. Chip Roy, R-Texas, Austin Scott, R-Ga., and Morgan Griffith, R-Va., all shared House Democrats’ frustration with the measure, but they made clear it would not stand in the way of ending what had become the longest shutdown in history.

Even Speaker Mike Johnson, R-La., appeared blindsided by the move.

‘I had no prior notice of it at all,’ Johnson told reporters last week. ‘I was frustrated, as my colleagues are over here, and I thought it was untimely and inappropriate. So we’ll be requesting, strongly urging, our Senate colleagues to repeal that.’

Those Republicans agreed with the motivations behind their Senate counterparts wanting to sue but bristled over the notion that it would come at the expense of U.S. taxpayers.

Rep. John Rose, R-Tenn., told Fox News Digital the senators ‘have been wronged, no doubt in my mind’ but added its scope was too narrow.

‘This provision does not allow other Americans to pursue a remedy. It does not even allow the President of the United States, who was equally wrongfully surveilled and pursued by the Justice Department — they didn’t even include President Trump in this,’ Rose said.

And while several senators who would be eligible for the taxpayer-funded lawsuits have distanced themselves from the issue amid uproar, others have stuck to their guns.

‘My phone records were seized. I’m not going to put up with this crap. I’m going to sue,’ Graham said on ‘Hannity’ Tuesday night. He said he would be seeking ‘tens of millions of dollars.’

Cruz also told Fox News Digital that he did not support repealing the provision.

And Sen. Pete Ricketts, R-Neb., defended the provision in comments to Politico. 

‘I’d like for us to be able to defend our branch when DOJ gets out of control,’ he said.

Senate Majority Leader John Thune, R-S.D., similarly suggested to reporters on Wednesday that he was in favor of the measure.

‘I would just say, I mean, you have an independent, co-equal branch of government whose members were, through illegal means, having their phone records acquired — spied on, if you will, through a weaponized Biden Justice Department,’ Thune said. ‘That, to me, demands some accountability.’

He added, ‘I think that in the end, this is something that all members of Congress, both House and Senate, are probably going to want as a protection, and we were thinking about the institution of the Senate and individual senators going into the future.’

This post appeared first on FOX NEWS

A U.S. citizen jailed in Saudi Arabia for criticizing the royal family online was freed Wednesday by Saudi authorities, ending a four-year ordeal in the country, according to media reports.

Saad Almadi’s release came just a day after President Donald Trump met with Crown Prince Mohammed bin Salman in Washington, D.C., per the New York Post.

Almadi, 75, a retired engineer and U.S. resident since 1976, was detained in 2021 during a family visit to Riyadh and later sentenced to more than 19 years in prison on terrorism charges tied to a series of posts online.

The charges were reduced to cyber crimes, and although he was released from prison in 2023, Almadi was held in the country under an exit ban which prevented him from going back home to the U.S.

The Almadi family issued a statement Wednesday celebrating the good news and thanking Trump.

‘Our family is overjoyed that, after four long years, our father, Saad Almadi, is finally on his way home to the United States!’ they said.

‘This day would not have been possible without President Donald Trump and the tireless efforts of his administration. We are deeply grateful to Dr. Sebastian Gorka and the team at the National Security Council, as well as everyone at the State Department.’

A third portion of the statement expressed appreciation to others who had supported the case over the years.

‘We extend our thanks to the U.S. Embassy in Riyadh for keeping our father safe, and to the nonprofit organizations and members of Congress who fought for his freedom,’ the statement read.

Almadi’s case also drew attention from human rights groups and U.S. lawmakers after he was accused of terrorism over 14 social media posts.

One suggested that a street in Washington be renamed after Jamal Khashoggi, who was murdered in the Saudi Consulate in Istanbul in 2018.

U.S. pressure to lift Almadi’s exit ban had also intensified since Trump’s May visit to Saudi Arabia.

The president’s national security advisor, Sebastian Gorka, also met with Almadi’s son at the White House.

The Foley Foundation, which advocates for Americans detained overseas, praised the news Wednesday, saying it was ‘so excited’ the family’s fight had finally succeeded.

Per reports, Almadi was flying to the U.S. from Riyadh on Wednesday, according to his family, after Trump and the crown prince set foot on stage at a forum in Washington.

Fox News Digital has reached out to Sebastian Gorka, the Department of State and The White House for comment.

This post appeared first on FOX NEWS

U.S. taxpayers are footing nearly $250 million a year in SNAP benefits spent on fast-food meals across just nine states, most of which are blue states, according to Republican Iowa Sen. Joni Ernst.

Nine states, including Arizona, California, Illinois, Maryland, Massachusetts, Michigan, New York, Rhode Island and Virginia — all of which are Democrat-run states except for Virginia — are opted into a SNAP program called the Restaurant Meals Program (RMP), which has spent nearly $250 million a year on hot meals, including fast-food, Ernst’s office found. 

The modern day Supplemental Nutrition Assistance Program was established in 1964 under the Food Stamps Act to provide basic food needs such as meats and fruits and vegetables to financially vulnerable Americans. Hot foods or foods ready for immediate consumption were not eligible for purchase under the program as its main mission was to provide staple foods to be prepared at home. 

A 1977 loophole, however, allowed states to opt into a program called the Restaurant Meals Program, which was established to allow homeless individuals who do not have a kitchen to purchase prepared meals using SNAP benefits, according to Ernst’s office. The eligibility for the program expanded in the following years to include disabled individuals, the elderly and their spouses, according to the office. 

Nine states are opted into the program, which requires participating restaurants to sign an agreement with the state that is then authorized by the U.S. Department of Agriculture, which oversees the SNAP program writ large. Restaurants that participate in the program were historically a small group but have since expanded, most notably in California in the Biden era, Ernst’s office said. 

California expanded its program statewide, for example, in 2021 that allowed restaurants to accept CalFresh benefits via SNAP at a swath of top fast-food chains stretching from McDonald’s to Domino’s Pizza to Jack in the Box. 

Ernst’s office found that from June 2023 to May 2025, more than $475 million in taxpayer dollars funded Restaurant Meals Program meals at fast-food establishments. During that same time period, $524 million in taxpayer funds were spent through the Restaurant Meals Program overall, meaning California accounted for more than 90% of the nation’s total Restaurant Meals Program funds from June 2023 to May 2025, according to the office. 

‘The ‘N’ in SNAP stands for nutrition not nuggets with a side of fries,’ Ernst told Fox News Digital. ‘I wish I was McRibbing you but $250 million per year at the drive-through is no joke and a serious waste of tax dollars. I hate to be the one to say McSCUSE ME, but something needs to be done because taxpayers are not lovin’ it.’

The data found that between June 2023 and May 2025 $41.4 million funds went through Restaurant Meals Program in Arizona, $3.6 million in New York, $1.3 million in Michigan, $995,900 in Rhode Island, $649,000 in Massachusetts, $479,000 in Illinois, $308,500 in Virginia and $8,600 in Maryland. 

Ernst’s introduced legislation Thursday, dubbed the McSCUSE ME Act, to rein in the scope of the Restaurant Meals Program. Specifically, the bill would continue allowing homeless, elderly and disabled individuals to continue using the program, but ending spousal eligibility. 

The legislation also would reel in which vendors are able to participate in the program, specifically restricting fast-food vendors in favor of grocery stores that have hot bars to better ensure availability of healthy prepared food options. The legislation would also require states to produce public annual reports showing how many vendors participate in the Restaurant Meals Program, the number of participating beneficiaries and total costs for the program, Fox News Digital learned. 

The report and legislation comes after the U.S. government just emerged from the longest government shutdown in history, at 43 days, that included putting the food assistance program under heightened scrutiny over fraud and concern as recipients saw disruptions to their access. 

Upon the reopening of the government, the Trump administration is requiring all SNAP beneficiaries to reapply for the program in an effort to prevent fraud. 

Federal spending on SNAP overall climbed to record highs under the Biden administration, Fox News Digital previously reported, at $128 billion in 2021 and $127 billion in 2022 during the pandemic. By the Biden administration’s final year, SNAP cost $99.8 billion.

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

This post appeared first on FOX NEWS

Red Mountain Mining Limited (ASX: RMX, US CODE: RMXFF, or “Company”), a Critical Minerals exploration and development company with a growing portfolio in Tier-1 Mining Districts in the United States and Australia, is pleased to announce that RMXFF successfully commenced trading on the OTCQB this week. The price reached a high of A$0.054 (US$0.035) on the first day of activity.

HIGHLIGHTS

  • RMXFF successfully listed on the US Market (OTCQB) with Red Mountain trading as high as A$0.054 (US$0.035) on the first day, up 36%
  • RMXFF experienced a strong debut, with robust market activity & trading volumes and high levels of US-based investor engagement
  • RMXFF is set to present at the Australian Rare Earths & Critical Minerals Investor Conference on 19 November 2025, to be distributed across the broader US capital markets network
  • Red Mountain is continuing to be actively engaged in discussions with experienced strategic partners to fast-track its US and Australian Critical Minerals Portfolio
  • These discussions are focused on accelerating project development and leveraging partner expertise in navigating US Government funding programs and Critical Minerals project development and support
  • Red Mountain’s United States Critical Minerals Portfolio uniquely includes highly prospective and advantageously located Antimony Projects in both Idaho and Utah – adjacent to projects with significant known Antimony mineralisation
  • In Australia, Red Mountain’s highly prospective Armidale Antimony-Gold Project comprises a large, strategic tenure covering nearly 400km2 of highly prospective ground, located west of Larvotto Resources’ (ASX: LRV $580m market cap) Hillgrove Project, which is Australia’s largest and the world’s eighth largest Antimony deposit – also subject to the recent takeover attempt from United States Antimony Corp (NYSE: UAMY A$1.5b market cap)
  • Since the acquisition of Hillgrove in December 2023, LRV’s market cap has surged from less than $6 million to a high of over $700 million
  • Red Mountain expects to receive and announce the further results from its Armidale Antimony-Gold Project by the end of NovemberRed Mountain also expects to make further updates to the market regarding its US based growth initiatives with the Bureau of Land and Management (BLM) offices returning to normal operational capacity, following the resolution of the US Government shutdown this month

Red Mountain’s highly experienced US-based markets advisory team has successfully supported the RMXFF listing and the Company notes the strong initial US based investor interest and trading volumes, relative to its peers.

Red Mountain’s specialised capital markets and investor engagement advisors, have deep networks within the US capital markets, and the Company is working closely with its advisors to further enhance and complement the benefits of the RMXFF listing.

Red Mountain Mining set to continue aggressive growth strategy

Red Mountain continues to seek further opportunities to expand its portfolio of high-quality Strategic Metals projects in Tier-1 US mining jurisdictions, with a goal of building a portfolio of assets to leverage what is an unprecedented critical shortage of Western supply of Strategic and Critical Metals.

The resolution of the US federal government shutdown on 12 November 2025, allows for Red Mountain to continue its aggressive US growth and expansion strategy. Subject to the satisfactory completion of due diligence, the Company expects to announce further growth initiatives this month.

Click here for the full ASX Release

This post appeared first on investingnews.com

Gold exchange-traded funds, or gold ETFs, have risen in popularity among investors who want precious metals exposure.

ETFs are similar to mutual funds in that they track assets such as stocks, bonds, currencies or commodities; a key difference is that ETFs can be bought and sold on exchanges, making them widely accessible. They provide considerable flexibility in implementing various investment strategies and in building investment portfolios.

Like other ETFs, gold ETFs are traded in the same manner as individual stocks, meaning that investing in the gold ETF market is similar to trading a stock on an exchange.

There are two main types of gold ETFs: those that track the gold price and those that hold investments in gold companies.

ETFs that follow the gold price give investors access to the yellow metal by holding either physical gold bullion or gold futures contracts. It is important to keep in mind that investing in the majority of gold ETFs does not allow investors to own any physical gold — in general, even a gold ETF that tracks physical gold cannot be redeemed for actual gold, although there are a few exceptions to that.

One more thing to keep in mind is that gold ETFs that hold physical gold are taxed as collectibles in the US, giving them a higher maximum capital gains rate, which is worth noting for investors in the highest tax bracket.

The other type of gold ETF invests in gold companies, providing exposure to gold mining, development and exploration stocks, as well as gold royalty stocks.

Read on to learn about the benefits of adding gold ETFs to your portfolio, the five largest gold ETFs by total assets and five top gold miner ETFs.

In this article

    What are the benefits of gold ETFs?

    Gold ETFs are fairly common today, and are a good choice for investors who want to invest in precious metals without trading gold futures or owning physical gold, such as gold coins or bars.

    But gold ETFs are often considered a lower-risk investment, as they have a number of benefits for market participants and can open up a portfolio to diversification.

    For example, physical gold is known for being a hedge against economic and political uncertainty, and owning shares of a gold ETF that offers exposure to the gold spot price provides investors with this same security without the hassle of buying and storing the yellow metal.

    Since gold tends to rise when the US dollar is weak, purchasing a gold ETF could balance out any investment that has the potential to decline when the greenback does. Conversely, selling gold ETF holdings can be beneficial when the US dollar is making gains.

    Gold ETFs that track gold companies give investors exposure to multiple companies in the space rather than having to choose specific stocks. This is an appealing option for those who want exposure to the sector without carrying the risks of investing in an individual stock.

    Gold ETFs as a whole also offer security in that they are managed by yellow metal experts, so there is a better chance of making a profit than going it alone. Of course, it is important to keep in mind that, despite their less risky nature, gold ETFs are still affected by the rise and fall of the gold price.

    Mutual funds are often compared to ETFs, but due to the fact that mutual funds can only be bought or sold at the close of the trading day, gold ETFs become more beneficial as they can be traded whenever the stock market is open, meaning movement is more liquid and not tied down by end-of-day trades.

    Top 5 spot gold ETFs

    The five gold ETFs below offer investors exposure to the spot price of gold by holding gold bullion. These options may be worth considering when it comes to getting exposure to the yellow metal’s price movements.

    According to ETFdb.com, these gold ETFs were the largest gold ETFs by total assets as of November 13, 2025. The five largest gold ETFs all track the gold price.

    1. SPDR Gold Shares (ARCA:GLD)

    Total assets under management: US$139.14 billion
    Unit price: US$380.58

    The SPDR Gold Shares tracks the spot price of gold bullion and is determined by market forces in the 24 hour, over-the-counter market for gold. This market accounts for most global gold trade, and any quoted prices available to ETF investors reflect the latest available information.

    Physical bullion comprises 100 percent of the ETF’s holdings, and its expense ratio is 0.4 percent. It offers investors a way to invest in gold that is much less costly than purchasing, storing and insuring bars or coins.

    2. iShares Gold Trust (ARCA:IAU)

    Total assets under management: US$64.22 billion
    Unit price: US$79.04

    Like the SPDR Gold Trust, the iShares Gold Trust ETF aims to track the spot price of gold bullion. Its expense ratio is 0.25 percent, and its holdings are allocated entirely to physical gold bullion. The aim is for the trust’s value to reflect the performance of the price of gold.

    The physical gold the trust holds is in vaults in locations including New York, US; Toronto, Canada; and London, UK. Investors can purchase and sell shares through a traditional brokerage account throughout the trading day.

    3. SPDR Gold MiniShares Trust (ARCA:GLDM)

    Total assets under management: US$23.33 billion
    Unit price: US$81.89

    The SPDR Gold MiniShares Trust offers investors one of the lowest available expense ratios for a US-listed ETF backed by physical gold at 0.1 percent. This ETF represents fractional, undivided beneficial ownership interests in the trust, which holds only physical gold bullion and, from time to time, cash.

    4. Abrdn Physical Gold Shares ETF (ARCA:SGOL)

    Total assets under management: US$6.95 billion
    Unit price: US$39.43

    The abrdn Physical Gold Shares ETF aims to have its shares reflect the performance of the gold bullion price, minus the trust’s operating expenses, by holding 100 percent physical gold bars. This gold ETF has an expense ratio of 0.17 percent.

    The gold backing the fund comes only in the form of London Good Delivery gold bullion bars refined on or after January 1, 2012, and held in secure vaults in London.

    5. iShares Gold Trust Micro (ARCA:IAUM)

    Total assets under management: US$5.52 billion
    Unit price: US$41.84

    The iShares Gold Trust Micro ETP is the lowest-cost physically backed gold ETP on the market with an expense ratio of just 0.09 percent. The fund is designed to provide exposure to the day-to-day movement of the price of gold bullion. The underlying gold bars are held in vaults.

    Top 5 gold mining ETFs

    These five gold stock ETFs are designed for investors looking to gain exposure to gold miners without the risk of holding individual gold stocks.

    1. VanEck Gold Miners ETF (ARCA:GDX)

    Total assets under management: US$23.89 billion
    Unit price: US$79.18

    The VanEck Gold Miners ETF provides investors with exposure to the largest global gold producers and royalty companies involved in the precious metals space and has an expense ratio of 0.51 percent. Nearly 90 percent of its holdings have market caps above US$5 billion.

    This ETF’s top holdings include Agnico Eagle Mines (TSX:AEM,NYSE:AEM) with a weight of 7.9 percent, Newmont (NYSE:NEM,ASX:NEM) with 7.15 percent and AngloGold Ashanti (NYSE:AU,JSE:ANG) with 5.71 percent.

    Holdings are rebalanced quarterly with qualified companies having a market cap greater than US$150 million, US$1 million in average daily trading volume and a minimum of 250,000 shares traded per month.

    2. VanEck Junior Gold Miners ETF (ARCA:GDXJ)

    Total assets under management: US$8.66 billion
    Unit price: US$101.24

    Similar to the GDX above, the VanEck Junior Gold Miners ETF provides investors with exposure to gold equities; however, it has a stronger focus on smaller gold mining companies and junior stocks, which carry higher risk, but also offer greater potential returns.

    Its top holdings include Pan American Silver (TSX:PAAS) with a weight of 6.45 percent, Equinox Gold (TSX:EQX,NYSEAMERICAN:EQX) with 6.39 percent and Alamos Gold (TSX:AGI,NYSE:AGI) with 5.75 percent.

    Holdings are reviewed in March and September, and rebalanced quarterly, with qualifications matching those for the VanEck Gold Miners ETF. Like the GDX, the GDXJ has an expense ratio of 0.51 percent.

    3. iShares MSCI Global Gold Miners ETF (Nasdaq:RING)

    Total assets under management: US$2.63 billion
    Unit price: US$67.87

    BlackRock’s (NYSE:BLK) iShares MSCI Global Gold Miners ETF provides investors with exposure to a diverse portfolio of global gold mining companies within the Morgan Stanley Capital International (MSCI) index and charges an expense ratio of 0.39 percent.

    Top holdings in the fund include Newmont with a weight of 15.85 percent, Agnico Eagle with 13.33 percent and Barrick Mining (TSX:ABX,NYSE:B) with 8.92 percent.

    4. Sprott Gold Miners ETF (ARCA:SGDM)

    Total assets under management: US$611.45 million
    Unit price: US$64.64

    The Sprott (TSX:SII,NYSE:SII) Gold Miners ETF is an investment product designed to deliver returns that track the Solactive Gold Miners Custom Factors Index, which follows major gold equities listed on Canadian and US exchanges. The ETF is rebalanced quarterly and has a total operating expense of 0.5 percent.

    Top holdings in the fund include Agnico Eagle with a weight of 12.41 percent, Newmont with 8.92 percent and Wheaton Precious Metals (TSX:WPM,NYSE:WPM) with 7.83 percent.

    5. Sprott Junior Gold Miners ETF (ARCA:SDGJ)

    Total assets under management: US$280.97 million
    Unit price: US$76.56

    The Sprott Junior Gold Miners ETF has also been designed to provide results tied to its underlying index, in this case, the Solactive Junior Gold Miners Custom Factors Index, which tracks companies with a market capitalization between US$200 million and US$3 billion.

    The ETF is rebalanced semi-annually in March and September and carries a total management fee of 0.5 percent.

    Top holdings in the fund include Bellevue Gold (ASX:BGL,OTC Pink:BELGF) with a weight of 5.04 percent, Novagold Resources (NYSE:NG) with 5.03 percent and Turk Altin Isletmeleri with 4.94 percent.

    Securities Disclosure: I, Dean Belder, currently hold a direct investment in Equinox Gold.

    This post appeared first on investingnews.com

    American Uranium Limited (ASX:AMU, OTC:AMUIF) (American Uranium, AMU or the Company) is pleased to advise that hydrogeological testing at its Lo Herma ISR uranium project in Wyoming’s Powder River Basin has commenced. Testing is being undertaken by Petrotek Corporation, a leading injection well and subsurface resources consultancy with more than 28 years of experience in hydrogeological testing and ISR resource development.

    Highlights

    • Hydrogeological testing at Lo Herma has commenced, marking a key milestone in advancing towards ISR project development
    • Testing is expected to take approx. 2 weeks with results anticipated by the end of 2026
    • Phase 1 of the resource development drilling campaign at Lo Herma is underway and progressing well with over half of the planned program completed. Initial results are expected before the end of 2026
    • These programs are designed to underpin a Mineral Resource Estimate and Scoping Study update in 2026.

    This testing is running concurrently with Phase 1 of the resource development drilling campaign which is progressing well and is now past the halfway point of the resource expansion program. Drilling results are expected by the end of 2026. The hydrogeological testing fieldwork program is expected to be complete during the week commencing November 24th, with results anticipated before the end of 2026.

    AMU CEO and Executive Director Bruce Lane commented:

    “We are very pleased to now have both the hydrogeological testing and resource development drilling programs underway at Lo Herma. These programs represent major steps toward advancing one of America’s most promising ISR uranium projects. Lo Herma is one of the few near-term, low-cost ISR projects in the U.S. The hydrogeological testing aims to validate our initial aquifer observations and confirm aquifer transmissivity.

    “The first phase of drilling is now well underway and past the halfway point with an objective to grow the current 8.57Mlb resource base and ultimately feed into an updated Mineral Resource Estimate and Scoping Study in 2026, positioning us to capitalise on significant support programs in place to support the US domestic nuclear fuel supply chain.”


    Click here for the full ASX Release

    This post appeared first on investingnews.com