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Silver Dollar Completes Sale of Ranger-Page Silver-Zinc-Lead Project to Bunker Hill Mining

December 12, 2025

Located in Idaho’s prolific Silver Valley, the historical Ranger-Page workings and mineralized zones are geologically continuous with the Bunker Hill system

Silver Dollar Resources Inc. (CSE: SLV,OTC:SLVDF) (OTCQX: SLVDF) (FSE: 4YW) is pleased to announce that, further to the news release of October 27, 2025, it has completed the sale of the Ranger-Page Project, whereby Bunker Hill Mining Corp. and its subsidiary (together, ‘Bunker Hill’) have acquired from Silver Dollar Resources Inc. and its subsidiary (together, ‘Silver Dollar’ or the ‘Company’), the right, title and interest in the assets related to the Ranger-Page Project located in Shoshone County, Idaho, USA, which includes Silver Dollar’s 75% interest in the Government Gulch property and its related option rights under the Government Gulch Option and Joint Venture Agreement and the Page Mine Mineral Rights Lease and Option Agreement.

Figure 1: Plan map showing the location of the Bunker Hill – Ranger-Page land package in the Silver Valley.

To view an enhanced version of this graphic, please visit:
https://silverdollarresources.com/images/Ranger-Page/BNKR-RP_Silver-Valley.jpg

‘Finalizing this transaction represents the successful execution of our strategic vision for Ranger-Page. The closing immediately establishes Silver Dollar as a significant and supportive shareholder in a near-term producer, providing our investors with direct, leveraged exposure to the restart of the Bunker Hill Mine that is on track for first production in H1 2026,’ said Greg Lytle, President and CEO of Silver Dollar. ‘We believe this transaction delivers an accelerated path to value creation for our shareholders compared to the independent development of Ranger-Page, and we look forward to the growth of Bunker Hill in the years ahead through production and exploration.’

Figure 2: Cross-Section showing the Bunker Hill – Ranger-Page underground workings and target area.

To view an enhanced version of this graphic, please visit:
https://silverdollarresources.com/images/Ranger-Page/BunkerHill_RP-X-Section-Target-Area.jpg

Strategic Highlights:

Consolidated Land Position: The acquisition unites the Ranger-Page and Bunker Hill properties into a contiguous land package, creating one of the largest and most prospective holdings by any single company in the Silver Valley.
Exploration Upside: Historical drilling and production data from the Ranger-Page indicate high-grade silver-lead-zinc mineralization along the Page vein system, which remains open at depth and along strike.
Infrastructure Synergies: The Ranger-Page Mines’ existing underground workings and surface access points could provide additional flexibility for future mine planning, ventilation, and exploration access to deeper levels of the Bunker Hill system.
Complementary to Restart Plan: The acquisition is aligned with Bunker Hill’s ongoing restart of operations at the Bunker Hill Mine, targeted for H1 2026, and enhances the Company’s upside optionality for future resource expansion and mill feed sources.
Community benefits: This has the potential to create more local employment opportunities within the Silver Valley and stimulate procurement from regional suppliers in ways that benefit the local communities.

Transaction Summary

Under the terms of the asset purchase agreement with Bunker Hill, Silver Dollar received 23,333,334 common shares of Bunker Hill valued at approximately $5,800,000 based on yesterday’s closing price of Bunker Hill’s shares on the TSX Venture Exchange. The Bunker Hill common shares will be subject to a statutory six-month hold period and contractual escrow, and will be released in accordance with the following schedule:

Release Date	Release Schedule from Contractual Escrow
6-month anniversary of Closing Date	2,333,333 Shares
9-month anniversary of Closing Date	2,333,333 Shares
12-month anniversary of Closing Date	Balance of Shares (18,666,668 Shares)

About the Ranger-Page Project

Located in a world-class silver district, the Ranger-Page land package covers six historic mines and adjoins the Bunker Hill Mining property. The primary target areas are up and down plunge from historic underground mining, along strike where ground-induced polarization (IP) surveys have identified anomalies, and where surface trenching has identified near-surface mineralization. Additional exploration targets have also been identified away from historic mine infrastructure, using soil geochemical data, mapping, and ground IP survey data.

About Bunker Hill Mining Corp.

Bunker Hill is an American mineral exploration and development company focused on revitalizing its historic mining asset: the renowned zinc, lead, and silver deposit in northern Idaho’s prolific Coeur d’Alene mining district. This strategic initiative aims to breathe new life into a once-productive mine, leveraging modern exploration techniques and sustainable development practices to unlock the potential of this mineral-rich region. Bunker Hill Mining Corp. aims to maximize shareholder value by responsibly harnessing the mineral wealth in the Silver Valley mining district, focusing its efforts on this single, high-potential asset. Information about the Company is available on its website, www.bunkerhillmining.com, or within the SEDAR+ and EDGAR databases.

About Silver Dollar Resources Inc.

Silver Dollar is a dynamic mineral exploration company focused on North America’s premier mining regions. Our portfolio includes the advanced-stage La Joya Silver (Cu-Au) Project, and the early-stage Nora Silver-Gold Project, both located in the prolific Durango-Zacatecas silver gold belt. The Company is fully funded for 2026 having recently closed a financing with continued support from financial backers that include renowned mining investor Eric Sprott, our largest shareholder. Silver Dollar’s management team is committed to an aggressive growth strategy and is actively reviewing potential acquisitions with a focus on drill-ready projects in mining-friendly jurisdictions.

For additional information, you can visit our website at silverdollarresources.com, download our investor presentation, and follow us on X at x.com/SilverDollarRes.

ON BEHALF OF THE BOARD,

Signed ‘Gregory Lytle’

Gregory Lytle,
President, CEO & Director
Silver Dollar Resources Inc.
Direct line: (604) 839-6946
Email: greg@silverdollarresources.com
179 – 2945 Jacklin Road, Suite 416
Victoria, BC, V9B 6J9

Forward-Looking Statements:

This news release contains forward-looking statements and forward-looking information (collectively, ‘forward-looking statements’) within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein including, without limitation, statements regarding the closing of the transaction, the benefits of the transaction for the Company, the exploration and development potential of the Ranger-Page and Bunker Hill projects, and the Company’s strategy and future plans, are forward-looking statements. Often, but not always, forward-looking information can be identified by words such as ‘pro forma,’ ‘plans,’ ‘expects,’ ‘will,’ ‘may,’ ‘should,’ ‘budget,’ ‘scheduled,’ ‘estimates,’ ‘forecasts,’ ‘intends,’ ‘anticipates,’ ‘believes,’ ‘potential’ or variations of such words including negative variations thereof, and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved.

In making the forward-looking statements in this news release, the Company has made certain assumptions, including without limitation, the operational restart of the Bunker Hill Mine will proceed as planned, the integration of the Ranger-Page and Bunker Hill properties will deliver the anticipated operational and exploration synergies, and that market conditions for silver, zinc, and lead will remain supportive.

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors include, among others, the operational restart of the Bunker Hill Mine may be delayed or unsuccessful, the integration of the Ranger-Page and Bunker Hill properties may not deliver the anticipated operational and exploration synergies, and market conditions for silver, zinc, and lead may deteriorate.

Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update any of the forward-looking statements in this news release except as otherwise required by law.

The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/277808

News Provided by Newsfile via QuoteMedia

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Trump says every AI plant being built in US will be self-sustaining with their own electricity

December 12, 2025

President Donald Trump clapped back at a report that was just released about the global artificial intelligence arms race, which claimed China has more than double the electrical power-generation capacity of the United States.

Trump, in a pointed social media post on his platform Truth Social, called the report’s findings ‘WRONG,’ adding that every big artifical intelligence plant being built in the United States will have its own private power plants that will also send excess energy back to the country’s broader energy grid.

‘The Wall Street Journal has another ridiculous story today that China is dominating us, and the World, on the production of Electricity having to do with AI,’ Trump said in his Truth Social post responding to the news report. ‘AI has far more Electricity than they will ever need because they are building the facilities that produce it, themselves.’

‘We are leading the World in AI, BY FAR, because of a gentleman named DONALD J. TRUMP!’ the president contended.

The Wall Street Journal report Trump was targeting indicated that China now has 3.75 terawatts of power-generation capacity, which the outlet said is more than double what the United States holds. The Journal called China’s electrical generation capacity the country’s ‘Ace to play’ in the global artificial intelligence arms race, since the United States is still home to the most powerful artificial intelligence models and controls access to the most advanced computer chips.

In Trump’s Truth Social post responding to the Journal’s claims, the president said that the approvals for new artificial intelligence plants and their accompanying ‘Electric Generating Facilities’ are being approved ‘quickly’ and ‘carefully,’ indicating the process has generally been taking ‘a matter of weeks.’

Trump also highlighted that any ‘excess’ electrical energy produced by these electric generation facilities would be ‘going to our Electric Grid,’ which the president said was being ‘strengthened, and expanded … like never before.’

On Thursday, U.S. Energy Secretary Chris Wright was quoted in TIME Magazine piece saying that artificial intelligence is the Trump administration’s ‘No. 1 scientific priority.’ Wright was quoted in a wide-ranging piece titled ‘The Architects of AI Are TIME’s 2025 Person of the Year.’

In its reporting on Wright, the magazine noted that the Energy Department is working ‘in tandem with other agencies like the EPA to slash regulations around the construction of data centers and power plants.’

Fox News Digital’s Alexander Hall contributed to this report.

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UK ready to send troops, jets, ships if Trump clinches Ukraine ceasefire, defense chief says

December 11, 2025

Britain is preparing to take on the ‘heavy lifting’ in Europe if President Donald Trump secures a Ukrainian ceasefire, U.K. Defense Secretary John Healey said, outlining a deployment-ready coalition that London has been quietly organizing for months.

The defense chief insisted that Trump is leading the negotiations for peace, even as leaders from Germany, Britain and France huddled with Volodymyr Zelenskyy this week to try to craft an alternative to a U.S.-brokered proposal the Ukrainian president viewed as too deferential to Russia.

‘We are ready to step in behind the president in his push for peace,’ he said during a briefing with reporters after meeting with War Secretary Pete Hegseth on AUKUS, the Australia-UK-US nuclear submarine-building deal. ‘We are ready to step in as he forces the pace of the negotiations in the way that only President Trump can. Because if he can get a ceasefire agreement, we are ready to do the heavy lifting in Europe.’

Trump has said Ukraine ‘has to be realistic’ about a peace plan that would include ceding territory to Russia — a prospect Zelenskyy has insisted is unacceptable. German Chancellor Friedrich Merz said Thursday that he, British Prime Minister Keir Starmer and French President Emmanuel Macron had proposed to Trump that they finalize the peace proposal with U.S. officials over the weekend.

Healey said the UK is prepared to send troops and equipment to enforce the peace deal once it is signed. ‘For the last six months we’ve got 200 military planners, over 30 nations working together. We’ve laid reconnaissance visits to Ukraine,’ he said. ‘We have the troops ready, we have the planes available. We have the ships on standby to be able to deploy.’

Healey offered one of the clearest signals yet that Britain expects to play a central role in enforcing any post-war security arrangement — even as Europe remains divided over how a deal should be structured.

While territorial claims appear to be the main sticking point in negotiations, questions remain over what sort of security guarantees the West would offer Ukraine. The initial proposal the U.S. brokered with Russia stipulated that Western troops and jets would remain outside Ukraine in NATO territory.

Western officials have been debating whether any agreement would require a multinational force to monitor front lines or secure key infrastructure inside Ukraine once a ceasefire takes hold. Healey suggested Britain is preparing for that possibility, saying the UK and a coalition of more than 30 nations have already positioned troops, aircraft and ships that could deploy if the terms of a deal allow for an international presence on the ground.

Healey’s meetings in Washington came just after the White House released a national security strategy that took an unusually severe tone toward Europe, warning of political decline and calling for the U.S. to ‘cultivate resistance’ within European nations. The strategy warns that Europe’s economic and social problems are ‘eclipsed by the real and more stark prospect of civilizational erasure.’

The document also calls for Europe to ‘take primary responsibility for its own defense,’ a point Healey said the UK is already prepared to meet, brushing off questions about whether the strategy had sown division inside the transatlantic alliance.

This post appeared first on FOX NEWS

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Clarence Thomas presses Dem operative Marc Elias in high-stakes Supreme Court clash

December 11, 2025

Supreme Court Justice Clarence Thomas grilled prominent left-leaning lawyer Marc Elias this week about a campaign finance law, joining several other conservative justices in voicing skepticism about the law’s restrictions on certain types of political donations.

Thomas’ questions centered on a Federal Election Campaign Act provision that limits how much money state and national political parties can spend when coordinating with specific candidates.

Republicans who brought the lawsuit argued that the coordinated political spending is protected speech and should not be limited by Congress, while Elias, a prolific election lawyer, argued to the high court that Congress has a right to cap those expenses.

Thomas and Elias appeared at odds during oral arguments, as Thomas questioned why coordinated political spending between parties and candidates should face limits — particularly when it covers routine campaign expenses like hotels or food.

‘Just so I’m clear, is there any First Amendment interest in coordinated expenditures?’ Thomas asked.

Elias replied ‘yes,’ but said a party paying an individual campaign’s bills was ‘symbolic speech’ that is not fully protected and should be subject to standard contribution limits.

‘I still don’t understand what you’re saying,’ Thomas told Elias. ‘If the party coordinates with the candidate and pays the bill, does that have a First Amendment protection or is it simply, as you say, a bill-paying exercise?’

‘It is speech,’ Elias said, but he said court precedent says the bill payment ‘is treated as a contribution, and, therefore, though it is speech, it is subject to limit by Congress in how much can be spent on engaging in that speech.’

Congress currently limits individual donations that can be made to a political candidate, and the Supreme Court has in past cases balanced allowing First Amendment-protected political donations while also allowing caps as a safeguard against outsize influence and corruption in elections.

But the high court is now being asked to potentially allow millionaires and billionaires to make unlimited individual contributions to a state or national political party, with the expectation that the money would be redirected and spent in coordination with a particular candidate. The decision could upend the current political spending landscape ahead of the 2026 midterm elections by allowing rich donors to flood state or national political parties with more money.

Justice Brett Kavanaugh, another skeptic of Elias’ argument, pointed out that outside groups can accept limitless funds and influence elections and that state and national parties appear disadvantaged because of it.

‘I am concerned that a combination of campaign finance laws and this court’s decisions over the years have together reduced the power of political parties, as compared with outside groups, with negative effects on our constitutional democracy,’ Kavanaugh said.

‘That’s the real source of the disadvantage. You can give huge money to the outside group, but you can’t give huge money to the party, so the parties are very much weakened,’ he said.

The case was brought to the high court by the National Republican Senatorial Committee, the National Republican Congressional Committee, and two former Ohio Republican candidates: now–Vice President JD Vance and former Rep. Steve Chabot.

The liberal justices leaned toward wanting to avoid further undoing campaign spending limits, which have eroded over time under Chief Justice John Roberts.

‘Every time we interfere with the congressional design, we make matters worse… our tinkering causes more harm than good,’ said Justice Sonia Sotomayor. ‘Once we take off these coordinated expenditure limits, then what’s left? What’s left is nothing. No control whatsoever.’

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US set to seize tens of millions in Venezuelan oil after tanker interception, White House says

December 11, 2025

White House press secretary Karoline Leavitt said the U.S. plans to take control of the oil currently on a tanker off the coast of Venezuela that was seized by U.S. forces Wednesday.

Trump ‘talks a lot about how he thinks the way to bring down prices for everything would be to bring down the cost of energy,’ Fox News Senior White House Correspondent Peter Doocy said Thursday. ‘Would he use this seized Venezuelan oil to try to help Americans with affordability here in the United States?’

Leavitt responded, ‘The vessel will go to a U.S. port, and the United States does intend to seize the oil. However, there is a legal process for the seizure of that oil and that legal process will be followed.’

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

‘The vessel is currently undergoing a forfeiture process. Right now, the United States currently has a full investigative team on the ground, on the vessel, and individuals on board the vessel are being interviewed, and any relevant evidence is being seized,’ Leavitt continued, adding that the oil on the tanker will go through a legal process before the U.S. claims the energy source.

The tanker, called the Skipper, loaded an estimated 1.8 million barrels of oil earlier in December, before transferring an estimated 200,000 barrels just before its seizure, Reuters reported.

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

The U.S. military has carried out strikes on suspected drug trafficking boats near Venezuela since September as part of Trump’s mission to end the flow of drugs into the nation. There have been at least 22 strikes on suspected narcotraffickers near Venezuela, killing 87, since September.

Doocy pressed Leavitt during the press conference on whether the U.S.’ strikes and heightened tensions with Venezuela, dubbed Operation Southern Spear, are ‘about drugs or is it about oil?’

‘The Trump administration is focused on doing many things in the Western Hemisphere,’ Leavitt responded. ‘The president has taken a new approach that has not been taken by any administration for quite some time to actually focus on what’s going on in our own backyard. And there are two things that are very important to this administration.’

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

‘Number one, stopping the flow of illegal drugs into the United States of America, which we know has killed hundreds of thousands of Americans,’ she continued, before adding that Trump is ‘fully committed to effectuating this administration’s sanction policy. And that’s what you saw, and the world saw take place yesterday.’

‘With respect to the oil and what happened yesterday, the Department of Justice requested and was approved for a warrant to seize a vessel because it’s a sanctioned shadow vessel known for carrying black market sanctioned oil to the IRGC (Islamic Revolutionary Guard Corps), which, you know, is a sanctioned entity,’ she continued. Venezuela is already subject to extensive U.S. sanctions, but was historically a major crude-oil supplier for the U.S.

Leavitt added that the administration will remain committed to the ‘president’s sanction policies and the sanction policies of the United States.’

‘We’re not going to stand by and watch sanctioned vessels sail the seas with black market oil. The proceeds of which will fuel narco-terrorism of rogue and illegitimate regimes around the world,’ she said.

Fox News Digital’s Morgan Phillips contributed to this report.

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Investing

Standard Uranium Retains 100% Unencumbered Ownership of the Sun Dog Project Through Conclusion of Property Option Agreement

December 11, 2025

Standard Uranium Ltd. (TSXV: STND,OTC:STTDF) (OTCQB: STTDF) (FSE: 9SU0) (‘Standard Uranium’ or the ‘Company’) announces the conclusion, effective December 11, 2025, of an arm’s length property option agreement (the ‘Agreement’) with Aero Energy Ltd. (‘Aero’) dated October 20, 2023, that had allowed Aero to earn up to 100% interest in the Sun Dog Project (‘Sun Dog’, or the ‘Project’). Following the conclusion of the Agreement, full and unencumbered ownership of the Project has been returned to the Company. Standard Uranium is currently working on plans to advance exploration on Sun Dog, building upon recent drilling and geophysical programs in 2024 and 2025.

Sun Dog covers an area of 48,443 acres (19,604 ha) across nine mineral claims and is located 15 km Southeast of Uranium City on the northern margin of the Athabasca Basin (Figure 1). It hosts the historical Gunnar Uranium Mine, discovered in 1952, which doubled Canada’s uranium production and became the largest uranium producer globally in 1956. The Gunnar Mine produced approximately 18M lbs of U₃O₈between 1953 and 1981^1,2.

Jon Bey, CEO & Director of Standard Uranium, commented, ‘Sun Dog is a fantastic project that continues to garner a great deal of interest from multiple companies. We are excited to have the Sun Dog project returned to our portfolio and confident that we will have another joint venture partner funding further exploration in the next year. I would also like to wish the team at Aero Energy future success as they focus their sites on their other uranium projects in Canada and the USA. They were a great partner to work with the past two years.’

Figure 1. Overview of the Sun Dog Project highlighting drill target areas, historical high-grade^* uranium occurrences³, and EM-conductors⁴.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10633/277772_82df2fcd64d3c957_001full.jpg

Sun Dog Highlights

History of Production: The project hosts the historical Gunnar Mine which produced 18M pounds of U₃O₈ between 1953 and 1981 and was formerly the world’s largest uranium producer^1,2.
Uranium Above and Below the Unconformity: Numerous recent and historical high-grade* uranium assays from outcrop samples across the Project range from 0.01% to 17.4% U₃O₈^3,4. These showings occur in both basement rocks below the Unconformity and perched within Athabasca sandstones above the Unconformity thus confirming the presence of unconformity-related high-grade uranium on the Sun Dog Project.
Verified Targets: Stacked graphitic structural zones associated with uranium mineralization and prospective hydrothermal alteration have been intersected in multiple target areas during modern drill programs. The drill program results to date confirm a favorable geological environment for fluid movement and uranium deposition on the Project.

Modern Exploration

Recent exploration efforts by Standard Uranium have focused on multiple target areas across the Project, testing down-dip extensions of structures hosting uranium at surface with the aim of discovering high-grade unconformity mineralization and basement ‘roots’ of the mineralizing systems underlying the Athabasca sandstones.

Prospecting & Surface Exploration

Prospecting in 2020 led to the discovery of a new high-grade uranium showing named the Haven discovery and several zones of visible uranium mineralization at surface that returned uranium assay results of 3.58% U₃O₈, 1.7% U₃O₈, and 0.7% U₃O₈.⁵

In the summer of 2022, Standard Uranium executed a field mapping and prospecting program to expand upon the results of the 2020 prospecting program. Handheld RS-120 and RS-125 scintillometers were used to track radioactivity with more than 80 new mineralized boulder and bedrock locations discovered on Johnston and Stewart islands.

In 2024, occurrences of strong to intense radioactivity in outcropping basement rocks were identified at surface while prospecting at the Wishbone and Spring-Dome target areas, returning highly anomalous assays ranging from 0.02% to 13.0% U₃O₈.⁶

Additionally, the analytical results revealed a correlation between uranium and gold, while boron and other pathfinder elements highlighted the potential for a robust alteration footprint associated with uranium mineralization. Surficial grab samples from faults and veins cutting sandstone outcrop returned high concentrations of dravite (up to 75%), a uranium pathfinder mineral commonly associated with uranium-fertile systems.

Geophysical Surveys

In the winter of 2022, MWH Geo-Surveys Ltd. carried out a ground gravity survey and UAV-borne magnetic surveys in the areas of Johnston and Stewart islands on behalf of Standard Uranium. The gravity survey consisted of 3,388 unique gravity measurement stations with a station spacing of 50 to 100 m. The survey identified several variations in residual gravity and outlined multiple gravity low target areas on and around Stewart and Johnston islands.

An airborne VTEM^TM Plus survey was completed in 2024 to pinpoint graphitic rocks (conductors) favourable for hosting significant concentrations of uranium. This modern electromagnetic (‘EM’) survey improved upon historical surveys which have identified at least 40 km of combined conductor strike length.

In 2025, MWH Geo-Surveys Ltd. completed high-resolution ground gravity surveys along known conductive exploration trends across the Wishbone, McNie, and Armbruster South target areas, filling in the gaps between the previous 2022 gravity grids (Figure 2). These surveys have identified numerous density-low bullseye anomalies representing potential zones of hydrothermal alteration or structural disruption which are commonly associated with uranium mineralization events.

Figure 2. 2025 ground gravity survey areas covering the Armbruster South, Wishbone, and McNie EM conductor trends. Density-low anomalies representing potential alteration zones are highlighted by cool colours on the inverted gravity grids.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10633/277772_82df2fcd64d3c957_002full.jpg

Drill Programs

Standard Uranium carried out two drill programs on the Project during the winters of 2022 and 2023, in addition to operating a program in 2024 funded by Aero. In total, 4,062 m of diamond drilling has been completed by the Company across 21 drill holes on the Project.

Historical exploration efforts primarily focused on the ‘Beaverlodge-style’ deposit model, targeting lower-grade, fault-hosted mineralization visible at the surface. This approach did not target, and would not have been effective for, the high-grade ‘Unconformity-related’ basement-hosted deposits associated with graphitic rocks more recently discovered near the Athabasca Basin’s edge (e.g. Arrow, Triple R).

Recent diamond drill programs have been successful in identifying key geological characteristics prospective for significant uranium mineralizing systems on the Project, which in turn will aid in planning and prioritization of additional exploration targets for follow-up drill programs.

Drilling highlights include^3,8:

Widespread hydrothermal alteration zones containing illite-rich and dravitic clays and abundant iron-oxide minerals intersected in multiple drill holes, indicating a robust fluid system with prospective chemistry for uranium.
Significant structural influence evidenced to control high-grade uranium mineralization and anomalous radioactivity in drill holes.
Reactivated graphitic shear zones & quartz-hematite breccias intersected over 10s of metres in several drill holes indicate ideal structural regime providing the plumbing system for uranium mobilization.
Favorable geochemistry returned in multiple drill holes, including prospective clay spectroscopy results (dravite), elevated pathfinder elements, and anomalous uranium correlated to lead isotope ratios which may be used as an additional exploration vector.
Uranium mineralization confirmed by anomalous uranium assays was intersected in multiple drill holes, coinciding with prospective structure and favorable alteration.

Qualified Person Statement

The scientific and technical information contained in this news release has been reviewed, verified, and approved by Sean Hillacre, P.Geo., President and VP Exploration of the Company and a ‘qualified person’ as defined in NI 43-101 – Standards of Disclosure for Mineral Projects.

Samples collected for analysis by the Company were sent to SRC Geoanalytical Laboratories in Saskatoon, Saskatchewan for preparation, processing, and ICP-MS multi-element analysis using total and partial digestion, gold by fire assay, and boron by fusion. Basement samples were tested with ICP-MS2 uranium multi-element exploration package plus boron. All basement samples marked as radioactive upon arrival to the lab were also analyzed using the U₃O₈ assay (reported in wt %). Basement rock split interval samples range from 0.1 to 0.5 m. SRC is an ISO/IEC 17025:2005 and Standards Council of Canada certified analytical laboratory. Blanks, standard reference materials, and repeats were inserted into the sample stream at regular intervals in accordance with Standard Uranium’s quality assurance/quality control (QA/QC) protocols. All samples passed internal QA/QC protocols, and the results presented in this release are deemed complete, reliable, and repeatable.

Samples containing clay alteration were sent to Rekasa Rocks Inc. in Saskatoon, Saskatchewan to be analyzed by Short Wavelength Infrared Reflectance (‘SWIR‘) via a Portable Infrared Mineral Analyzer (‘PIMA‘) to verify clay species. All depth measurements reported are down-hole measurements and true thicknesses are yet to be determined.

Historical data disclosed in this news release relating to sampling results from previous operators are historical in nature. Neither the Company nor a qualified person has yet verified this data and therefore investors should not place undue reliance on such data. The Company’s future exploration work may include verification of the data. The Company considers historical results to be relevant as an exploration guide and to assess the mineralization as well as economic potential of exploration projects. Any historical grab samples disclosed are selected samples and may not represent true underlying mineralization.

Natural gamma radiation from rocks reported in this news release was measured in counts per second (‘cps’) using a handheld RS-125 super-spectrometer and RS-120 super-scintillometer. Readers are cautioned that scintillometer readings are not uniformly or directly related to uranium grades of the rock sample measured and should be treated only as a preliminary indication of the presence of radioactive minerals. The RS-125 and RS-120 units supplied by Radiation Solutions Inc. (‘RSI‘) have been calibrated on specially designed Test Pads by RSI. Standard Uranium maintains an internal QA/QC procedure for calibration and calculation of drift in radioactivity readings through three test pads containing known concentrations of radioactive minerals. Internal test pad radioactivity readings are known and regularly compared to readings measured by the handheld scintillometers for QA/QC purposes.

References

Gunnar Uranium Mine: From Cold War Darling to Ghost Town, L. Schramm, Saskatchewan Research Council, 2018.
Geology and Genesis of Major World Hardrock Uranium Deposits, United States Geological Survey, Open-File Report 81-166, 1981.
Technical Report on the Sun Dog Property – Northwestern Saskatchewan, Canada, Effective date June 30, 2023
Information obtained from Saskatchewan Mineral Deposit Index and historical report from Uranium City Resources, 2007

^*The Company considers uranium mineralization with concentrations greater than 1.0 wt% U₃O₈ to be ‘high-grade’.

^**The Company considers radioactivity readings greater than 65,535 counts per second (cps) on a handheld RS-125 Super-Spectrometer to be ‘off-scale’.

^***The Company considers radioactivity readings greater than 300 counts per second (cps) on a handheld RS-125 Super-Spectrometer to be ‘anomalous’.

About Standard Uranium (TSXV: STND,OTC:STTDF)

We find the fuel to power a clean energy future

Standard Uranium is a uranium exploration company and emerging project generator poised for discovery in the world’s richest uranium district. The Company holds interest in over 235,435 acres (95,277 hectares) in the world-class Athabasca Basin in Saskatchewan, Canada. Since its establishment, Standard Uranium has focused on the identification, acquisition, and exploration of Athabasca-style uranium targets with a view to discovery and future development.

Standard Uranium’s Davidson River Project, in the southwest part of the Athabasca Basin, Saskatchewan, comprises ten mineral claims over 30,737 hectares. Davidson River is highly prospective for basement-hosted uranium deposits due to its location along trend from recent high-grade uranium discoveries. However, owing to the large project size with multiple targets, it remains broadly under-tested by drilling. Recent intersections of wide, structurally deformed and strongly altered shear zones provide significant confidence in the exploration model and future success is expected.

Standard Uranium’s eastern Athabasca projects comprise over 43,185 hectares of prospective land holdings. The eastern basin projects are highly prospective for unconformity related and/or basement hosted uranium deposits based on historical uranium occurrences, recently identified geophysical anomalies, and location along trend from several high-grade uranium discoveries.

Standard Uranium’s Sun Dog project, in the northwest part of the Athabasca Basin, Saskatchewan, is comprised of nine mineral claims over 19,603 hectares. The Sun Dog project is highly prospective for basement and unconformity hosted uranium deposits yet remains largely untested by sufficient drilling despite its location proximal to uranium discoveries in the area.

For further information contact:

Jon Bey, Chief Executive Officer, and Chairman
Suite 3123, 595 Burrard Street
Vancouver, British Columbia, V7X 1J1

Tel: 1 (306) 850-6699
E-mail: info@standarduranium.ca

Cautionary Statement Regarding Forward-Looking Statements

This news release contains ‘forward-looking statements’ or ‘forward-looking information’ (collectively, ‘forward-looking statements’) within the meaning of applicable securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as of the date of this news release. Forward-looking statements include, but are not limited to, statements regarding: the timing and content of upcoming work programs; geological interpretations; timing of the Company’s exploration programs; and estimates of market conditions.

Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those expressed or implied by forward-looking statements contained herein. 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. Certain important factors that could cause actual results, performance or achievements to differ materially from those in the forward-looking statements are highlighted in the ‘Risks and Uncertainties’ in the Company’s management discussion and analysis for the fiscal year ended April 30, 2025.

Forward-looking statements are based upon a number of estimates and assumptions that, while considered reasonable by the Company at this time, are inherently subject to significant business, economic and competitive uncertainties and contingencies that may cause the Company’s actual financial results, performance, or achievements to be materially different from those expressed or implied herein. Some of the material factors or assumptions used to develop forward-looking statements include, without limitation: that the transaction with the Optionee will proceed as planned; the future price of uranium; anticipated costs and the Company’s ability to raise additional capital if and when necessary; volatility in the market price of the Company’s securities; future sales of the Company’s securities; the Company’s ability to carry on exploration and development activities; the success of exploration, development and operations activities; the timing and results of drilling programs; the discovery of mineral resources on the Company’s mineral properties; the costs of operating and exploration expenditures; the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); uncertainties related to title to mineral properties; assessments by taxation authorities; fluctuations in general macroeconomic conditions.

The forward-looking statements contained in this news release are expressly qualified by this cautionary statement. Any forward-looking statements and the assumptions made with respect thereto are made as of the date of this news release and, accordingly, are subject to change after such date. The Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws. There can be no assurance that forward-looking 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 forward-looking statements.

Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) 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/277772

News Provided by Newsfile via QuoteMedia

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23 Dems join House Republicans to kill progressive’s Trump impeachment bid

December 11, 2025

A lone progressive’s effort to impeach President Donald Trump failed Thursday, with nearly two dozen Democrats joining the House GOP to quash it.

Rep. Al Green, D-Texas, moved to get a vote on two articles of impeachment Wednesday night via a privileged resolution, a mechanism allowing lawmakers to force action on a bill within two legislative days.

Republicans called for a vote to table the measure on Thursday, a move that effectively kills consideration of the bill itself when a privileged resolution is called for.

Twenty-three Democrats joined Republicans in pushing the impeachment aside. A significant number of Democrats also voted ‘present,’ including all three senior leaders — House Minority Leader Hakeem Jeffries, D-N.Y., Minority Whip Katherine Clark, D-Mass., and Democratic Caucus Chairman Pete Aguilar, D-Calif.

‘Impeachment is a sacred constitutional vehicle designed to hold a corrupt executive accountable for abuse of power, breaking the law and violating the public trust. The effort traditionally requires a comprehensive investigative process, the collection and review of thousands of documents, an exacting scrutiny of the facts, the examination of dozens of key witnesses, Congressional hearings, sustained public organizing and the marshaling of the forces of democracy to build a broad national consensus,’ the trio said in a statement explaining their vote.

‘None of that serious work has been done, with the Republican majority focused solely on rubber stamping Donald Trump’s extreme agenda. Accordingly, we will be voting ‘present’ on today’s motion to table the impeachment resolution as we continue our fight to make life more affordable for everyday Americans.’

The final vote fell 237 to 140, with 47 ‘present’ votes.

Among the Democrats who voted to table the measure are Reps. Tom Suozzi, D-N.Y., Josh Riley, D-N.Y., Jared Golden, D-Maine, Jimmy Panetta, D-Calif., Chrissy Houlahan, D-Pa., Maggie Goodlander, D-N.H., Sharice Davids, D-Kan., Don Davis, D-N.C., Shomari Figures, D-Ala., and others.

Green has filed articles of impeachment against Trump several times over the past year and notably was thrown out of the president’s joint address to Congress in March for repeatedly interrupting his speech.

The latest impeachment push includes two articles charging abuse of power, according to legislative text viewed by Fox News Digital.

The first count accuses Trump of calling for the ‘execution’ of six congressional Democrats. It was in response to Trump accusing those Democrats of ‘seditious behavior,’ which he said was ‘punishable by death’ after they posted a video urging military service members to refuse illegal orders by the federal government.

The video caused a firestorm on the right, with the FBI opening an inquiry into those Democrats — who all defended their comments.

Green’s second allegation of abuse of power charges Trump with having ‘fostered a political climate in which lawmakers and judges face threats of political violence and physical assault; and in this climate has made threats and vituperative comments against federal judges, putting at risk their safety and well-being, and undermining the independence of our judiciary.’

But while the vast majority of Democrats have made no secret of their disdain and disagreements with Trump, it appears that few have the appetite to make a largely symbolic gesture toward impeachment.

Even Rep. Hakeem Jeffries, D-N.Y., has side-stepped questions on supporting impeachment multiple times this year, including most recently on Dec. 1 when asked about the military’s double-tap strikes on an alleged Venezuelan drug boat in September.

‘Republicans will never allow articles of impeachment to be brought to the floor of the House of Representatives. And we know that’s the case, because Donald Trump will order them not to do it. So what’s on the table is a meaningful investigation, which we can hope would be bipartisan,’ Jeffries said at the time.

Even if the impeachment vote were to move forward, it’s all but certain that the GOP majority in the Senate would quickly dispense of it.

This post appeared first on FOX NEWS

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Senate Dems’ Obamacare fix fails as Senate looks for off-ramp from healthcare cliff

December 11, 2025

Senate Republicans rallied to block Senate Democrats’ extension of expiring Obamacare subsidies as both sides of the aisle suffer defeats on their proposals to deal with the looming healthcare cliff.

Over the course of the 43-day government shutdown, Senate Democrats made the longest closure in history all about the subsidies, which were passed and enhanced under former President Joe Biden.

They argued that if Congress didn’t act, Americans who rely on the subsidies would be hit with skyrocketing premiums. Their plan, however, was one that was never going to pass muster with the majority of Senate Republicans, who demanded myriad reforms to the program that they charged was rife with fraud.

Only Sens. Susan Collins, R-Maine, Lisa Murkowski, R-Alaska, Dan Sullivan, R-Alaska, and Josh Hawley, R-Mo., split from their party to support Democrats’ plan on an otherwise party line vote on Thursday, leaving the upper chamber without a solution to the fast-approaching deadline to either extend or replace the subsidies. Still, both sides of the aisle want to tackle rising healthcare costs, they just can’t agree on the best solution.

‘We don’t need to come up with the perfect plan,’ Hawley told Fox News Digital before the vote. ‘We need to say what will help right now to lower healthcare costs? That’s a more achievable goal, and that’s doable, so I am willing to vote for just about anything that has a legitimate shot at lowering healthcare costs right now. So that’s where I’d start.’

Senate Democrats’ plan, in comparison with Republicans’ offering that was blocked minutes before, was a straightforward three-year extension of the expiring enhanced subsidies.

But the plan did not include several reforms Republicans demanded, like measures to prevent fraud, income caps and more stringent enforcement of Hyde Amendment language that would prevent taxpayer dollars from funding abortions.

‘Our bill is the only proposal on either side that has party-wide support on both sides of the Capitol,’ Senate Minority Leader Chuck Schumer, D-N.Y., said.

Senate Majority Leader John Thune, R-S.D., charged that Democrats’ proposal wasn’t based on reality.

‘What [Schumer] is saying about a Democrat plan that will lower healthcare costs is a fantasy,’ Thune said. ‘It just is. It’s a fantasy.’

While neither side can reach a consensus on how to actually move forward on a healthcare plan, both recognize that time is running out to find a fix and that the cost of healthcare is running rampant.

Democrats see the subsidies as a quick fix that can stop the bleeding, while Republicans are looking for broader, immediate reforms that could start putting a dent in healthcare costs.

Bipartisan talks have continued throughout the process, but those too are being hampered by the GOP’s red line on more stringent enforcement of anti-abortion measures on the Obamacare exchange, which is a nonstarter for Democrats.

Sen. John Hoeven, R-N.D., predicted that both Republicans’ and Democrats’ proposals would fail but that ‘hopefully, that keeps us working on getting something where we provide assistance, but get some reforms.’

‘But we can’t keep just sending the money to insurance companies and continue this runaway medical inflation that just perpetuates the problem,’ Hoeven said.

This post appeared first on FOX NEWS

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Providence Gold Mines Inc. La Dama de Oro Gold, Bulk Sample and Financing Update

December 11, 2025

(TheNewswire)

VANCOUVER TheNewswire – December 11, 2025 Providence Gold Mines Inc. (TSX-V: PHD) (‘ Providence ‘ or the ‘ Company ‘) is extremely pleased to announce that it has entered into an underground mining lease agreement (the ‘ Lease ‘) with Easy Mining Company Ltd . (‘Easy Mining’).

Easy Mining is an experienced and well-regarded underground mining contractor with operations in Canada and the United States and an office in Winnipeg, Manitoba. Providence welcomes Easy Mining’s involvement at the Company’s fully permitted La Dama de Oro gold-silver project .

Under the terms of the Lease, Providence grants Easy Mining the right to explore and mine within the existing underground workings at the La Dama de Oro property, located in the Silver Mountain Mining District, California, USA. Easy Mining is authorized to extract a 1,000-ton bulk sample over a twelve-month period commencing on the date of the signed agreement.

Easy Mining will be responsible for underground mining, exploration, and processing activities designed to evaluate mineralized material and determine appropriate metallurgical methods. As part of the Lease:

Easy Mining will pay the La Dama de Oro the Property Optionor, ‘Mohave Gold Mining and Exploration Inc.’, a 2% Net Smelter Royalty ‘NSR’
Any gross proceeds generated from bulk sample mining will then be divided equally (50/50) between Easy Mining (the Lessee) and Providence (the Lessor).

Ronald A. Coombes, President & CEO, commented : ‘Having all permits in place and securing an agreement with Easy Mining Company Ltd. provides a clear path to advance and evaluate the La Dama de Oro gold-silver project.

Private Placement Updates

Further to the Company’s news releases dated September 12, 2025, and October 22, 2025, Providence has closed its previously announced private placement. A total of 1,604,800 units were issued for gross proceeds of $80,240. Each unit consists of one common share and one full, non-transferable warrant exercisable at $0.05 for a period of two years from the date of issuance.

Proceeds from the private placement will be used for general administration and for sampling activities to assess mineralization potential at the La Dama de Oro project. The Company intends to proceed immediately with work related to the permitted 1,000-ton bulk sample.

New Unit Private Placement

The Company also, {subject to regulatory approval}, announces a non-brokered private placement of up to 2,000,000 units at a price of $0.05 per unit, for gross proceeds of up to $100,000. Each unit will consist of:

one common share; and
one full, non-transferable warrant exercisable at $0.05 for a period of two years from the date of issue.

For more information, please contact Ronald Coombes, President, and CEO of the Company.

Ronald A. Coombes, President & CEO

Phone: 604 724 2369

roombesresources@gmail.com.com

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

Neither the OTCQB and or 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.

All statements, trend analysis and other information contained in this press release relative to markets about anticipated future events or results constitute forward-looking statements. All statements, other than statements of historical fact, included herein, including, without limitation, statements relating to the permitting process, future production of Providence Gold Mines, budget and timing estimates, the Company’s working capital and financing opportunities and statements regarding the exploration and mineralization potential of the Company’s properties, are forward-looking statements. Forward-looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward- looking statements. Important factors that could cause actual results to differ materially from Providence Gold Mines expectations include fluctuations in commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; the need for cooperation of government agencies and native groups in the exploration and development of properties and the issuance of required permits; the need to obtain additional financing to develop properties and uncertainty as to the availability and terms of future financing; the possibility of delay in exploration or development programs and uncertainty of meeting anticipated program milestones; and uncertainty as to timely availability of permits and other governmental approvals. Forward-looking statements are based on estimates and opinions of management at the date the statements are made. Providence Gold Mines does not undertake any obligation to update forward-looking statements except as required by applicable securities laws. Investors should not place undue reliance on forward-looking statement

News Provided by TheNewsWire via QuoteMedia

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Crypto Market Update: Strategy Urges MSCI Not to Exclude DATs from Index

December 11, 2025

Here’s a quick recap of the crypto landscape for Wednesday (December 10) as of 9:00 p.m. UTC.

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

Bitcoin and Ether price update

Bitcoin (BTC) was priced at US$92,516.67 down by 0.7 percent over 24 hours.

Bitcoin price performance, December 10, 2025.

Chart via TradingView.

The Bitcoin price reclaimed US$92,000 ahead of Wednesday’s US Federal Reserve meeting, with traders pricing in an interest rate cut, but holding back without signals of extended easing into 2026.

Bitcoin’s continued volatility and subdued options activity have dampened expectations for a typical year-end rally, with 30 day implied volatility easing to 49 percent and analysts seeing a December surge as unlikely.

ARK Invest CEO Cathie Wood remains bullish on Bitcoin in the longer term, arguing that the current pause does not signal a new bear cycle, and that Bitcoin is behaving as a resilient risk‑on asset.

Ray Youssef, CEO of NoOnes, called Wednesday’s Fed meeting outcome — the central bank cut rates as expected, but its dot plot signals just one more cut in 2026 with hawkish dissents.

Glassnode notes that Bitcoin is stuck in a fragile price range around US$92,700, held up by steady buying, but weighed down by big investors taking losses and long-term holders cashing in profits. Losses among holders are growing as time passes without a strong rebound, pushing more people to sell into small price upticks; combined with low spot activity and negative exchange-traded fund flows, this leaves the market highly sensitive to macro events.

Futures trading has shown caution, with little leveraged positioning for big moves, while options traders are buying short‑dated downside protection. Analysts project that Bitcoin could test higher levels near US$95,000 if sellers tire out, but staying below key supports risks a pullback without fresh demand.

Meanwhile, traders have been driving the Ether/Bitcoin ratio up, signaling that capital is rotating from Bitcoin into altcoins, a dynamic that often precedes broader altcoin rallies. Bitcoin dominance is at 55.25.

Ether (ETH) was priced at US$3,362.98, up by 1 percent over the last 24 hours.

Altcoin price update

XRP (XRP) was priced at US$2.07, down by 2.2 percent over 24 hours.

Solana (SOL) was trading at US$138.48, down by 1.2 percent over 24 hours.

Crypto derivatives and market indicators

Bitcoin open interest rose 0.42 percent to US$59.47 billion, while Ether open interest stood at US$41.66 billion.

Bitcoin’s -0.002 percent funding rate reflects long pain, while a neutral relative strength index of 52.62 doesn’t indicate overbought or oversold extremes.

Today’s crypto news to know

Strategy’s letter to MSCI on DAT exclusion proposal

Bitcoin treasury pioneer Strategy (NASDAQ:MSTR) submitted a letter to MSCI’s Equity Index Committee on Tuesday (December 9), urging it to reject a proposal excluding digital asset treasury companies (DATs).

DATs are defined as firms with more than 50 percent of their assets in crypto.

“The proposal’s 50% rule arbitrarily singles out digital asset businesses for uniquely unfavorable treatment, while leaving untouched businesses in other industries (such as oil, timber, gold, media and entertainment, and real estate) that have similarly concentrated holdings in a single asset type,” the letter argues before concluding that the proposal “rests on a broad mischaracterization of DATs and would impose arbitrary, unworkable conditions that would stifle innovation, damage the reputation of MSCI’s indices, and conflict with national priorities.”

OCC says banks can conduct riskless principal crypto trades

The Office of the Comptroller of the Currency (OCC) issued new guidance confirming that US national banks are allowed to execute riskless principal transactions involving crypto assets.

In these deals, a bank briefly takes the opposite side of a customer trade and immediately offsets it with a matching transaction, eliminating balance-sheet exposure to the digital asset. The clarification is seen as a step toward giving regulated institutions more operational certainty when serving crypto-active clients. Banks conducting such activity must also comply with all existing consumer protection and anti-money-laundering rules.

Singapore leads new global crypto competitiveness index

Singapore has taken the top spot in Bybit and DL Research’s World Crypto Rankings 2025, edging out the US and Lithuania.

Analysts credit the city-state’s strong licensing regime, high digital literacy, and active institutional participation for pushing its total score to 7.5 out of 10. The report also highlights Singapore’s growing role in real-world asset tokenization, an area where market value has increased over 63 percent since early 2024 to reach US$25.7 billion.

The US remains closely behind with a score of 7.3, while Lithuania ranks third at 6.3.

US teachers union warns Senate against crypto market structure bill

The American Federation of Teachers (AFT) is urging the US Senate to throw out the Responsible Financial Innovation Act, arguing the proposal would undermine protections for retirement investors.

In a letter to Senate leadership, AFT President Randi Weingarten said the legislation could expose pension funds to “unsafe assets” and elevate risks tied to fraud and price instability in the crypto market.

The union fears that the bill’s tokenization provisions would allow companies to shift assets onto blockchain rails while sidestepping existing registration and disclosure rules. Weingarten argued that weaker oversight could ultimately threaten market stability and “lay the groundwork for the next financial crisis.”

Lummis comments on Responsible Financial Innovation Act

Speaking at the Blockchain Association Policy Summit on Tuesday, Wyoming Senator Cynthia Lummis, a member of the US Senate Banking Committee, said she anticipates that the markup hearing for the Responsible Financial Innovation Act will happen before Congress breaks for the holidays.

Lummis is a prominent proponent for addressing digital asset market structure in Congress.

Japan’s crypto regulation shift

Japan’s Financial Services Agency released a report from the Financial System Council’s Working Group on cryptocurrency regulation. The agency proposes moving the legal basis for crypto regulation from the Payment Services Act to the Financial Instruments and Exchange Act, the primary law governing securities markets, trading and disclosures.

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

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

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