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Spartan Metals Corp.

Vancouver, Canada, December 9, 2025 TheNewswire – Spartan Metals Corp. (‘ Spartan ‘ or the ‘ Company ‘) (TSX-V: W | OTCQB: SPRMF | FSE: J03) is pleased to announce the discovery of two new tungsten-silver-rubidium exploration targets at the Tungstonia deposit part of the company’s 100% owned Eagle Tungsten-Silver-Rubidium Project (‘ Eagle ‘ or ‘ Project ‘) in eastern Nevada.

Highlights:

  • Soil samples taken provided near complete coverage of the original Tungstonia and Rees claim blocks on 100-meter (‘m’) x 100m grid totalling approximately 2,100 samples covering about 20 square kilometers (‘km ‘).

  • Encouraging grades in soil at Tungstonia suggest near-surface mineralization included:

    • Tungsten up to 272 parts per million (‘ppm’) with 76 samples over 50 ppm

    • Silver up to 5.9 grams per tonne (‘g/t’) with 57 samples over 1.0 g/t

    • Rubidium up to 537 ppm with 56 samples over 300 ppm

  • Discovered two new exploration targets:

    • Significant ~2.0 km x ~1.7 km anomaly outlined by coincident tungsten-silver-rubidium enrichment on western portion of Tungstonia claims that follows the same structural trends and spacings observed at the legacy past-producing Tungstonia mine approximately 1.5 km to northwest

    • Substantial ~0.75 km x ~2.1 km anomaly in southeast portion of Tungstonia claims trending southeast

Soil sample results from the 2025 surface geology program that commenced on October 16, 2025 , have outlined an approximate 2.0 km x 1.7 km surface anomaly that is aligned with regional trends observed at past-producing Tungstonia Mine and a second 0.75 km x 2.1 km surface anomaly in the southeast portion of the Tungstonia claims that confirm mapped veins and structured identified earlier this year. The soil results from the Rees block did not yield any new targets. The results of the soil sample program will help generate drill targets for a spring 2026 drill program.

Brett Marsh, Spartan’s President and CEO, states, ‘These soil results are very exciting as they validate our exploration model and generate important steps toward defining drill targets at Tungstonia. We initiated our surface exploration program with two key objectives; to extend the known veins at the legacy Tungstonia mine, and to define new veins in the western portion of the Tungstonia Claim block.  I believe the results of the hard work completed by our team has successfully met those objectives.’

Mr. Marsh continues, ‘The strength and extent of the anomalies — in some cases exceeding those observed around the past-producing Tungstonia mine — highlight the potential for a significantly larger mineral system than historically recognized. These new targets strengthen Spartan’s position within the U.S. critical minerals onshoring landscape. Our team is eager to continue working with our data to generate meaningful drill targets for a drill program in the spring of 2026.’

Tungsten in the soil samples at Tungstonia showing two anomalous zones. The Western Tungsten Anomaly is aligned with the north-northeasterly structural trend observed at the legacy Tungstonia mine. The Southeastern Tungsten Anomaly appears to coincide with intrusive contacts with carbonaceous sediments that could extend further to the southeast. Note that the soil results in these anomalies appears to be stronger than those obtained from the known Tungstonia mine area suggesting significant new exploration potential (Figure 1).

Silver in the soil samples at Tungstonia showing two anomalous zones coinciding with the tungsten anomalies shown in Figure 1. Note that the soil results in these anomalies appears to be stronger than those obtained from the known Tungstonia mine area suggesting significant new exploration potential (Figure 2).

Rubidium in the soil samples at Tungstonia showing two anomalous zones coinciding with the tungsten and silver anomalies shown in Figures 1 and 2 respectively. Note that the soil results in these anomalies appears to be stronger than those obtained from the known Tungstonia mine area suggesting significant new exploration potential (Figure 3).

Significance of Soil Results

Soil sampling is typically used at early stages of exploration to quickly identify geochemical anomalies that can indicate underlying mineralization, veins, favorable alteration, or to help understand geological controls such as, structural trends. Soils form from breakdown of underlying rock and higher grades (hundreds of parts per million or several grams per tonne) can be indicative of mineralization near the surface and increase confidence that the identified anomalies are genuine. Tungsten, silver, and rubidium at the Tungstonia claims show overlapping elevated values that are reasonably well aligned regional structural trends that control mineralization at the legacy Tungstonia mine, so the newly defined targets are potentially material and could be significant additions to the mineralization at the Tungstonia deposit.

Additionally, the soil results in these two anomalous areas appear to have a stronger signature that what was returned over the legacy past-producing Tungstonia mine area. This is potentially indicative of meaningful tungsten, silver, and rubidium mineralization in these large areas.


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Figure 1 Tungsten in soils at Tungstonia showing two anomalous zones: the Western tungsten Anomaly and the Southeastern Anomaly.


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Figure 2 Silver in soil at Tungstonia showing two anomalous zones coinciding with the tungsten anomalies shown in Figure 1.


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Figure 3 Rubidium in soils at Tungstonia showing two anomalous zones coinciding with the tungsten and silver anomalies shown in Figures 1 and 2, respectively.

QA/QC Procedures

Samples were submitted to American Assay Lab (AAL) of Sparks, Nevada, which is a certified and accredited laboratory, independent of the Company. Samples are prepared using industry standard-prep methods and analyzed using method IO-4AB51 (51 element suite: 0.5g 4-acid plus boric acid hot block, ICP-OES plus IM-4ABEx ICP-MS for Rb. AAL undertakes its own internal coarse and pulp duplicate analysis to ensure proper sample preparation and equipment calibration. Spartan’s QAQC includes regular insertion of CRM standards, duplicates, and blanks with a stringent review of results completed by the Company’s Qualified Person, Brett R. Marsh, President and CEO of Spartan Metals.

About The Eagle Project

The Eagle Project presents a unique opportunity to delineate one of the largest and highest-grade Tungsten (‘W’) and Rubidium (‘Rb’) districts in the United States. The Project consists of the past-producing high-grade Tungstonia and Rees/Antelope tungsten (W-Cu-Ag) mines. Operations at these mines were from 1915 to 1942 with intermittent small-scale production occurring until 1956. Tungsten production from these two mines totaled 8,379 units at grades between 0.6%-0.9% WO 3 (1).

The Project is ~36.5 km² in size and located approximately 120 kilometers northeast of the town of Ely, in the Kern Mountains of White Pine County, Nevada. The Project covers 9,033 acres consisting of 445 Bureau of Land Management (BLM) unpatented lode mining claims.

Three deposit types are present at Eagle; Porphyry, Skarn, and Carbonate Replacement (CRD) that contain significant or anomalous grades of Tungsten (W), Silver (Ag), and Rubidium (Rb) plus Cu-Sb±Au-Pb-Zn-Bi-As across three project focus areas that also includes the potential to recover W-Rb-Ag from the legacy Tungstonia Mill Tailings.

(1) Nevada Bureau of Mines and Geology (1988), Bulletin 105 p213-217

The technical information contained in this news release has been prepared under the supervision of, and approved by Brett R. Marsh, CPG. Mr. Marsh is President and CEO of Spartan Metals Corp. and a ‘qualified person’ as defined under National Instrument 43-101 Standards of Disclosure for Mineral Projects .

About Spartan Metals Corp.

Spartan Metals is focused on developing critical minerals projects in well-established and stable mining jurisdictions in the Western United States, with an emphasis on building a portfolio of diverse strategic defense minerals such as Tungsten, Rubidium, Antimony, Bismuth, and Arsenic.

Spartan’s flagship project is the Eagle Project in eastern Nevada that consists of the highest-grade historic tungsten resource in the USA (the past-producing Tungstonia Mine) along with significant under-defined resources consisting of: high-grade rubidium; antimony; bismuth; indium; as well as precious and base metals. More information about Spartan Metals can be found at www.SpartanMetals.com

On behalf of the Board of Spartan

‘Brett Marsh’

President, CEO & Director

Further Information:

Brett Marsh, M.Sc., MBA, CPG

President, CEO & Director

1-888-535-0325

info@spartanmetals.com

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

Forward Looking Statements

This news release contains statements that constitute ‘forward-looking statements.’ Such forward looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words ‘expects,’ ‘plans,’ ‘anticipates,’ ‘believes,’ ‘intends,’ ‘estimates,’ ‘projects,’ ‘potential’ and similar expressions, or that events or conditions ‘will,’ ‘would,’ ‘may,’ ‘could’ or ‘should’ occur. Forward-Looking Information in this news release, Spartan has applied several material assumptions, including, but not limited to, assumptions that: the current objectives concerning the Company’s projects can be achieved and that its other corporate activities will proceed as expected; that general business and economic conditions will not change in a materially adverse manner; and that all requisite information will be available in a timely manner.

Although the Company believes the forward-looking information contained in this news release is reasonable based on information available on the date hereof, by their nature forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.  By their nature, these statements involve a variety of assumptions, known and unknown risks and uncertainties and other factors, which may cause actual results, levels of activity and achievements to differ materially from those expressed or implied by such statements.

Examples of such assumptions, risks and uncertainties include, without limitation, assumptions, risks and uncertainties associated with general economic conditions; adverse industry events; future legislative and regulatory developments; the Company’s ability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favorable terms; the ability of the Company to implement its business strategies; competition; the ability of the Company to obtain and retain all applicable regulatory and other approvals and other assumptions, risks and uncertainties.

THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.

Copyright (c) 2025 TheNewswire – All rights reserved.

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This article has been disseminated on behalf of LaFleur Minerals and may include paid advertising. Disclosure: This does not represent material news, partnerships or investment advice.

NEW YORK (December 9, 2025) — via MiningNewsWire — LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) today announces its placement in an editorial published by MiningNewsWire (‘MNW’), one of 75+ brands within the Dynamic Brand Portfolio @ IBN ( InvestorBrandNetwork ) , a specialized communications platform with a focus on financial news and content distribution for private and public companies and the investment community.

To view the full publication, ‘Momentum Builds, Upside Appears as Mining Explorers Transition Toward Production, Unlock Major Hidden Value,’ please visit: https://ibn.fm/iBvlZ

The most compelling moment for investors to engage with a mining company is often during its transition from explorer to producer, a period when value can inflect sharply as an organization shifts from discovery to cash flow. Explorers that successfully cross this development threshold tend to realize significant re-ratings because they de-risk their story, demonstrate reliable production capability and create a foundation for recurring revenues. For many interested in the mining space, entering at this stage allows participation before the substantial upside typically associated with the first years of production is fully priced in.

This moment becomes particularly attractive when a company controls key infrastructure, is advancing toward production in a tier-one jurisdiction and trades at a valuation meaningfully below the replacement cost of its assets. That dynamic is now unfolding around LaFleur Minerals Inc., which owns a fully permitted and refurbished gold mill in Québec’s Abitibi region and is positioned well ahead of neighboring peers still working through early development stages. With a district-scale land position, an advancing flagship deposit and near-term production plans, LaFleur offers meaningful leverage to the explorer-to-producer inflection point, which historically delivers some of the best returns in the mining sector.

About LaFleur Minerals Inc.

LaFleur Minerals is focused on the development of district-scale gold projects in the Abitibi Gold Belt near Val-d’Or, Québec. The Company’s mission is to advance mining projects with a laser focus on our resource-stage Swanson Gold Project and the Beacon Gold Mill, which have significant potential to deliver long-term value. The Swanson Gold Project is approximately 18,304 hectares (183 km(2)) in size and includes several prospects rich in gold and critical metals previously held by Monarch Mining, Abcourt Mines, and Globex Mining. LaFleur has recently consolidated a large land package along a major structural break that hosts the Swanson, Bartec and Jolin gold deposits and several other showings which make up the Swanson Gold Project. The Swanson Gold Project is easily accessible by road allowing direct access to several nearby gold mills, further enhancing its development potential. LaFleur Minerals’ fully permitted and refurbished Beacon Gold Mill is capable of processing over 750 tonnes per day and is being considered for processing mineralized material from Swanson and for custom milling operations for other nearby gold projects.

Qualified Person Statement – All scientific and technical information contained in the LaFleur Minerals Market Awareness Profile (MAP) has been reviewed and approved by Louis Martin, P.Geo. (OGQ), Exploration Manager and Technical Advisor of the company and considered a Qualified Person for the purposes of NI 43-101 .

NOTE TO INVESTORS: The latest news and updates relating to MAXXF are available in the company’s newsroom at https://ibn.fm/MAXXF

About MiningNewsWire

MiningNewsWire (‘MNW’) is a specialized communications platform with a focus on developments and opportunities in the Global Mining and Resources sectors. It is one of 70+ brands within the Dynamic Brand Portfolio @ IBN that delivers : (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries ; (2) article and editorial syndication to 5,000+ outlets ; (3) enhanced press release enhancement to ensure maximum impact ; (4) social media distribution via IBN to millions of social media followers ; and (5) a full array of tailored corporate communications solutions . With broad reach and a seasoned team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled recognition and brand awareness.
MNW is where breaking news, insightful content and actionable information converge.

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Republican Rep. Marjorie Taylor Greene of Georgia announced Tuesday that she intends to vote against the proposed fiscal year 2026 National Defense Authorization Act, saying the legislation spends too much taxpayer money on foreign priorities. 

Greene said in a post on X that the NDAA is ‘filled with American’s hard earned tax dollars used to fund foreign aid and foreign country’s wars.’

Greene pointed to the rising national debt, which, according to fiscaldata.treasury.gov, is more than $38.39 trillion.

‘These American People are $38 Trillion in debt, suffering from an affordability crisis, on the verge of a healthcare crisis, and credit card debt is at an all time high. Funding foreign aid and foreign wars is America Last and is beyond excuse anymore. I would love to fund our military but refuse to support foreign aid and foreign militaries and foreign wars. I am here and will be voting NO,’ Greene declared in her post.

But House Speaker Mike Johnson has praised the proposed NDAA.

Marjorie Taylor Greene tells

‘This year’s National Defense Authorization Act helps advance President Trump and Republicans’ Peace Through Strength Agenda by codifying 15 of President Trump’s executive orders, ending woke ideology at the Pentagon, securing the border, revitalizing the defense industrial base, and restoring the warrior ethos,’ Johnson said in part of a lengthy statement.

Marjorie Taylor Greene spars with

Greene plans to leave office early next month, in the middle of her two-year term.

This post appeared first on FOX NEWS

Senate Republicans appear to be closing in on a plan to counter Senate Democrats’ proposal to extend expiring Obamacare subsidies as a vote on credits at the end of the week draws closer.

Senate Health, Education, Labor and Pensions chair Bill Cassidy, R-La., and Senate Finance Committee Chair Mike Crapo, R-Idaho, unveiled their proposal to tackle the Obamacare issue that would abandon the subsidies for Healthcare Savings Accounts (HSAs).

The lawmakers have been leading Senate Republicans’ planning for a counter-proposal to Senate Minority Leader Chuck Schumer, D-N.Y., and Senate Democrats’ legislation, which would extend the Biden-era subsidies for three years.

Cassidy and Crapo pitched the legislation as ‘an alternative to Democrats’ temporary COVID bonuses, which send billions of tax dollars to giant insurance companies without lowering insurance premiums.’

The long-awaited proposal would funnel the subsidy money directly to HSAs rather than to insurance companies, an idea that has the backing of President Donald Trump and is largely popular among Senate Republicans.

‘Instead of 100% of this money going to insurance companies, let’s give it to patients. By giving them an account that they control, we give them the power,’ Cassidy said in a statement. ‘We make health care affordable again.’

Crapo contended that the legislation would build off of Trump’s marquee legislative package, the ‘big beautiful bill,’ from earlier this year and would ‘help Americans manage the rising cost of health care without driving costs even higher.’

‘Giving billions of taxpayer dollars to insurers is not working to reduce health insurance premiums for patients,’ he said in a statement.

Whether the bill gets a vote in the upper chamber this week remains in the air, given the growing number of Obamacare subsidy plans floated by Senate Republicans. But Senate Majority Leader John Thune, R-S.D., signaled that he thought their plan could work.

‘It represents an approach that actually does something on affordability and lowers costs,’ Thune said.

‘But there are other ideas out there, as you know, but I think if there is going to be some meeting of minds on this, it is going to require that Democrats sort of come off a position they know is an untenable one, and sit down in a serious way,’ he continued.

Cassidy and Crapo’s plan would seed HSAs with $1,000 for people ages 18 to 49 and $1,500 for those 50 to 65 for people earning up to 700% of the poverty level. In order to get the pre-funded HSA, people would have to buy a bronze or catastrophic plan on an Obamacare exchange.

The legislation also ticks off several demands from Senate Republicans in their back and forth with Senate Democrats over the subsidies that are unlikely to gain any favor from Schumer and his caucus.

Shortly after the legislation was unveiled, Schumer charged in a post on X that ‘Republicans are nowhere on healthcare, and the clock is ticking.’

Included in Cassidy and Crapo’s bill are provisions reducing federal Medicaid funding to states that cover undocumented immigrants, Requirements that states verify citizenship or eligible immigration status before someone can get Medicaid, a ban on federal Medicaid funding for gender transition services and nixing those services from ‘essential health benefits’ for ACA exchange plans, and inclusion Hyde Amendment provisions to prevent taxpayer dollars from funding abortions through the new HSAs.

Senate Republicans are expected to discuss the several options on the table, including newly-released plans from Sens. Susan Collins, R-Maine, and Bernie Moreno, R-Ohio, and Sen. Roger Marshall, R-Kan., respectively, during their closed-door conference meeting Tuesday afternoon.

When asked if there could be a compromise solution found among the proposals, Cassidy said, ‘That’s going to be the will of the conference, if you will.’

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‘The U.S. struggle with China is the single greatest competition the United States has ever faced,’ defense analyst Seth Jones writes in his new book The American Edge.

And in an interview with Fox News Digital, Jones warned that if war broke out over Taiwan, the United States could burn through key long-range missiles ‘after roughly a week or so of conflict’ — a shortfall he says exposes how far behind the U.S. industrial base remains as Beijing moves onto what he calls a wartime footing.

Jones is a former Pentagon official and president of the Defense and Security Department at the Center for Strategic and International Studies (CSIS). He argues the United States isn’t dealing with a superpower like the Soviet Union, whose system was brittle and economically isolated. China’s economy, he noted, is roughly the size of the U.S. and deeply tied into global production. That economic weight is fueling a military buildup across every major domain, from fifth- and sixth-generation aircraft to an enormous shipbuilding sector he describes as ‘upwards of 230 times the size of the United States.’ The effect, he said, is unmistakable. ‘The gap is shrinking.’

In ‘The American Edge,’ Jones lays out how great powers historically win long wars through production, not just innovation — and that’s where he believes the U.S. has the most to worry about. China’s missile forces now field a wide range of weapons designed to hold U.S. ships and aircraft at risk far from Taiwan. That makes stockpiles and throughput central to any American strategy in the Indo-Pacific.

‘When you look at the numbers right now of those long-range munitions, we still right now would run out after roughly a week or so of conflict over Taiwan,’ he said. ‘That’s just not enough to sustain a protracted war.’

Jones stressed that China’s strengths often overshadow a major vulnerability: its limited ability to hunt submarines. He said Beijing ‘still can’t see that well undersea,’ a gap the U.S. could exploit in any fight over Taiwan. If China tried to ferry troops across the Strait or impose a blockade, American attack submarines — along with a larger fleet of unmanned underwater vehicles — would pose a serious threat. He called the undersea environment one of the few places where the U.S. retains a decisive advantage, and one where production should accelerate quickly.

China has other problems as well. Jones pointed to corruption inside the PLA, inefficiency across its state-owned defense firms, ongoing struggles with joint operations and command-and-control and the fact the Chinese military hasn’t fought a war since the late 1970s. Its ability to project power beyond the first island chain also remains limited. But none of those challenges, he said, change the broader trajectory: China is building weapons in mass and at high speed — and the U.S. is still trying to catch up.

That theme sits at the center of his book. Jones describes a U.S. defense industrial base constrained by long acquisition timelines, aging shipyards, complicated contracting rules and production lines that aren’t built for a modern great-power conflict. In his view, the United States must rediscover the industrial urgency that once allowed it to surge output in wartime.

That responsibility is now falling to the Trump administration, which has pushed the Pentagon and the services to move faster on drones, munitions and new maritime capabilities. Over the past year, the Army, Air Force and Navy have launched new rapid-acquisition offices and programs aimed at fielding systems more quickly and helping smaller companies survive the long, expensive path to production. Senior defense officials have started using the phrase ‘wartime footing’ to describe the moment — language Jones said is overdue.

‘That is exactly the right wording,’ he said. ‘The Chinese and the Russian industrial bases right now … are both on a wartime footing.’

He said identifying a set of priority munitions for multiyear procurement is a meaningful step, and early moves to streamline contracting are encouraging. But he cautioned that the scale of the problem is much larger than the reforms announced so far. ‘The Pentagon writ large is a massive bureaucracy,’ he said. ‘It’s going to take a lot to break that bureaucracy. There’s been some progress, but it’s trench warfare right now.’

Jones said parts of the new National Defense Authorization Act move the needle in the right direction — especially support for expanding shipbuilding and efforts to strengthen the defense workforce. He also pointed to growing interest in leveraging allied shipyards in Japan and South Korea to relieve America’s overburdened maritime industry. But he argued that Washington is still not investing at a level that matches the threat.

‘As a percentage of gross domestic product, [defense spending] is about three percent,’ he said. ‘It’s lower than at any time during the Cold War. I think we need to start getting closer to those numbers and increase the amount of that budget that goes into procurement and acquisition.’

Artificial intelligence is another area Jones believes will reshape the battlefield faster than Washington anticipates. He noted that missile and drone threats now move at a volume and speed no human operator can manually track. ‘You can’t do things like air defense now without an increasing role of artificial intelligence,’ he said. The same applies to intelligence and surveillance, where AI-driven systems are already sorting vast amounts of satellite and sensor data.

But Jones said the United States will fall behind unless the Pentagon brings commercial AI leaders — companies like Nvidia and Google — more directly into national security programs. He argued that the United States needs the opposite of the consolidation that collapsed the defense industry in the 1990s. ‘We’ve got to get to a first breakfast,’ he said, meaning more tech firms competing in the defense space, not fewer.

Despite his warnings, Jones said the United States still has time to rebuild its industrial advantage. But it must act quickly. The Trump administration is talking about a wartime footing. China, he warned, is already living it.

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George Washington Plunkitt was born into poverty in 1842 but rose through the ranks of the Democratic Party machine of New York, the famed ‘Tammany Hall,’ to become a state representative and a state senator. He also became quite wealthy along the way.

Plunkitt always defended his machine and its methods — and the money they made him. Plunkitt would gladly defend the practices of Tammany, rebutting charges of corruption with the standard reply that ‘nobody thinks of drawin’ the distinction between honest graft and dishonest graft. There’s all the difference in the world between the two.’

Plunkitt’s brazenness lives on in the modern-day machines of the left, found in the deep-blue jurisdictions of the country. With the focus on the bilking of Minnesota taxpayers by the Somali community of the Twin Cities (many citizens, many not), voters across the country are still in shock as the story has unfolded since 2022. The lights shone on the Gopher State should get much brighter now, and after that, I have a follow-up that will make the swamp of the Twin Cities seem like a puddle.

The Minnesota story has been hiding in plain sight, with superb reporters from one of the original blogs of more than 20 years ago, Powerline, poring over the scandal for years.

Powerline’s founders John Hinderaker and Scott Johnson, and more recently their colleague Bill Glahn, have continued to dig and report, dig and report, dig and report on the ‘Somali connection.’

Minnesota senator: Walz ignored fraud warnings as $1B stolen, funds may have reached al-Shabaab

In recent weeks, the story caught fire with the help of reporting by Ryan Thorpe and Christopher Rufo of the Manhattan Institute’s City Journal and by Fox News. That ‘Minnesota is drowning in fraud,’ as Thorpe and Rufo put it, has now become a national story. Pray that it is the first of many.

‘There’s an honest graft, and I’m an example of how it works,’ Boss Plunkitt would say. ‘I might sum up the whole thing by sayin’: I seen my opportunities and I took ‘em.’

Turns out the defendants, the indicted and the convicted in the Gopher State saw their opportunities as well, and they put Tammany to shame when it came to scale and speed.

The conmen of Minnesota bilked the state out of vast piles of cash through a variety of plays, the most infamous of which is, for the moment, ‘Feeding Our Future.’ It took truly extraordinary efforts by Minnesota Gov. Tim Walz and the state’s attorney general, Keith Ellison, to turn their eyes the other way to allow that scam and soon others to flourish. The possessed girl in ‘The Exorcist’ had nothing on Walz and Ellison when it came to turning their heads.

Gov. Walz under fire: Minnesota fraud scandal fuels calls for entitlement crackdown

We have former Attorney General Eric Holder and former White House Counsel Dana Remus to thank for elevating the massive fraud ring run primarily out of the Somali American and Somali community in the Twin Cities to the nation’s attention.

Why? Because that pair made Walz much more than an obscure governor of a deep-blue state. That duo was primarily responsible for ‘vetting’ the 2024 Democratic nominee for vice president as one of Democratic presidential candidate Kamala Harris’ potential running mates. The dynamic duo of Holder and Remus either wholly missed the massive cons run on Walz’s watch or judged them not significant enough to derail his candidacy.

During ‘Brat Summer,’ the legacy media abandoned its past practices and joined in the effort to push the worst pair of candidates to the finish since Alf Landon and Frank Knox got blown out by FDR in the 1936 referendum on Roosevelt’s New Deal.

Holder blessed Walz, and Holder’s fans in the Manhattan–Beltway corridor followed suit. Media elites blessed Holder’s judgment in turn.

Big mistake.

Now Walz is part of the national Democratic Party’s brand and refuses to go away, choosing to concentrate his efforts on running for a third term as governor next year — and apparently hoping he might be the party’s standard-bearer in 2028. Instead, ‘Feeding Our Future’ broke out of the Minnesota news ghetto and onto the national stage.

‘Run Tim Run’ should be the GOP’s chant, alongside ‘Run Gavin Run,’ because just like Walz, California Gov. Gavin Newsom has some industrial-level explaining to do.

No, I’m not referring to the California governor’s French Laundry debacle. And no, not the devastating fires that tore through L.A. in January. Not even his indicted former chief of staff. No, the exact parallel to Walz’s woe is the Newsom administration’s handling of COVID-era relief for the unemployed — a statewide con run by political cons.

Trump is right to

The Pandemic Unemployment Assistance program (PUA), like the Lost Wages Assistance plan, was devised and funded by Congress to keep alive Americans left unemployed or with their businesses shuttered by COVID lockdowns. Like standard unemployment programs, these COVID-era programs were primarily run through state unemployment insurance offices and other state agencies.

The COVID lockdowns were unprecedented, and the public health ‘authorities’ responsible for advising and administering them should never be taken seriously again.

Many of those bureaucrats, drunk on new authority, stepped forward when elected officials sought guidance on what to do about the mysterious and deadly disease imported from China. (Their dismissal of the lab-leak theory speaks to their actual, as opposed to presumed, expertise.)

When lockdowns became the solution du jour, Congress rightly understood that they were shutting down the livelihoods of tens of millions of Americans and flooded the country with life-saving money — three times.

Small Business Administration continues probe into Minnesota fraud allegations

It was not just the Minnesota Somali community that had ‘seen their opportunities and took ‘em.’ So, too, did the cons of California: the real, honest-to-goodness cons of the California penal system — inmates for whom available time to scheme and scam is abundant.

Ask your favorite AI engine, ‘How much fraud was perpetrated against the California Employment Development Department during COVID?’ The answers will vary, but the floor on the cost of the fraud is $20 billion. The ceiling is more than $30 billion.

The Golden State’s EDD is ‘run’ by a director, and Gov. Newsom, who took office in 2018, has appointed two: Rita Saenz and Nancy Farias. COVID arrived on Newsom’s watch, and he and his appointees should own the fraud that followed. They make the Walz–Ellison team look like pikers when it comes to ignoring fraud.

In his first term, President Trump stood up Operation Warp Speed, and Congress rightly decided to (1) spend federal dollars to lessen the lockdown pain and (2) leave the payment of most public benefits to state agencies, while COVID business loans were handled by private-sector banks as the Federal Reserve and Treasury Department innovated in a variety of ways to prevent an economic crash.

The years following the mishap at the Wuhan lab demonstrated the vast incompetence of the American administrative state but also the necessity of a federal government to pick up the tab when ‘scientists’ lose their collective minds and, for example, counsel the closure of schools.

Dr. Oz demands action from Minnesota officials amid Medicaid fraud scandal

The official timeline has COVID appearing in Wuhan in December 2019 and reaching U.S. shores a month later. We may never know when the first cases were diagnosed by the Chinese Communist Party, and we are not in a position to investigate the horrific fraud and consequent disaster for which General Secretary Xi Jinping is responsible.

But President Trump could order a six-month deep dive into the financial fraud that followed in the U.S., not just in Minnesota and California — though those are the ‘patient zeroes’ for never allowing a crisis to pass without enriching the state’s worst actors.

Could President Trump stand up a time-limited panel to investigate fraud perpetrated on state agencies during COVID? Yes. Might that panel torch a few GOP reputations along the way? Inevitably.

But the interest in the Minnesota Somali shakedown should be a demand signal for accountability across the country.

President Trump often acts in the mold of Teddy Roosevelt, who, like 45–47, was never afraid of a headline — provided he provoked it.

Now is the time for the president to ask a handful of the smartest, most respected people in the country to sort through the wreckage of the COVID era’s many state governments’ responsibilities and ‘initiatives’ and report in rapid fashion — and in clear English — the scale of fraud perpetrated upon state agencies.

Make your search-and-publicize team smart and fast. Putting Johnson and Hinderaker as co-chairs of a strike team devoted to compiling the facts as we know them today would ensure accuracy and fine writing.

And give them a deadline: Aug. 31, 2026. Voters deserve to know how their state governments worked during COVID — or didn’t — before they vote again.

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Here’s a quick recap of the crypto landscape for Monday (December 8) 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$90,672.01, down by 0.9 percent over 24 hours.

Bitcoin price performance, December 8, 2025.

Bitcoin price performance, December 8, 2025.

Chart via TradingView.

Cryptocurrencies traded choppily, but were ultimately directionless over the weekend.

Bitcoin briefly slipped toward the high US$87,000s on Sunday (December 7) ahead of this week’s US Federal Reserve meeting, with both short and long positions liquidated.

Markets are pricing in a 25 basis point interest rate cut from the Fed on Wednesday (December 10), but labor weakness and sticky inflation will make Chair Jerome Powell’s tone pivotal.

Linh Tran, senior market analyst at XS.com, believes Bitcoin “will likely continue oscillating within the US$84,000 to US$100,000 range until the Fed delivers a clear message,” adding that a 0.25 percentage point cut and dovish signals “would be favorable for risk assets, particularly Bitcoin,” while a hawkish stance risks downward pressure.

On Monday, Bitcoin briefly traded at around US$92,000, but failed to retest US$92,000 to US$93,500 resistance, dropping below US$90,000 as the US market opened.

Crypto analyst Daan Crypto Trades said bulls must defend the 0.382 Fibonacci retracement zone, which serves as a key area of support and resistance during market cycles. Failure to do so could result in a fall to April lows. Fellow analyst van de Poppe is eyeing US$86,000 as key support before potential lows retest.

Liquidity stayed thin, and derivatives positioning showed waning momentum rather than clear trend conviction, setting up a cautious, data‑dependent start to the new week.

Last week, US spot Bitcoin exchange-traded funds (ETFs) experienced net outflows of US$87.77 million, while spot Ether ETFs recorded US$65.59 million in outflows.

Cycle data mirroring 2022’s market suggests Bitcoin’s long-term bottom is in or imminent, according to investment manager Timothy Peterson. Derivatives data analyzed by CryptoQuant indicates trader apathy, signaled by low OI and leverage, paving the way for a potential rally.

Ether (ETH) is currently priced at US$3,129.54, down 0.4 percent over 24 hours.

Altcoin price update

  • XRP (XRP) was priced at US$2.09, a decrease of 0.2 percent over 24 hours.
  • Solana (SOL) was trading at US$134.23, down by 1.3 percent over 24 hours.

Crypto derivatives and market indicators

Bitcoin futures open interest rose 0.53 percent to US$58.18 billion in the last four hours of trading, alongside US$4.88 million in liquidations that hit mostly long positions, while Ether open interest climbed 0.49 percent to US$37.84 billion, with US$8.76 million liquidated.

Bitcoin’s relative strength index sits neutral at 51.67 with a mildly negative funding rate of -0.001 percent, signaling balanced momentum and slight short bias, whereas Ether’s positive 0.006 percent funding rate points to lingering long interest despite the downside pressure.

These metrics reflect cautious positioning amid recent Bitcoin consolidation, with rising open interest indicating fresh capital entering despite liquidation flushes that targeted longs more aggressively. The neutral-to-bearish Bitcoin funding and RSI suggest limited upside conviction short-term, potentially capping rallies until macro catalysts provide direction, while Ether’s funding tilt hints at relative resilience in alt positioning.

Today’s crypto news to know

StableChain launches mainnet

StableChain has launched its mainnet, introducing USDT as the gas fee token alongside a new dedicated governance token for network participants.

Tether’s USDT regulatory win

Tether’s USDT stablecoin received key regulatory status in Abu Dhabi, enhancing its legitimacy for institutional use.

BlackRock files for staked Ether ETF

BlackRock filed to list a staked Ether ETF, signaling growing institutional appetite for Ether-based yield products.

SEC closes Ondo probe

The US Securities and Exchange Commission (SEC) ended its investigation into tokenized equity platform Ondo Finance, clearing a major regulatory hurdle.

Strategy boosts BTC holdings

Strategy’s (NASDAQ:MSTR) Bitcoin treasury has surpassed 660,000 BTC after a US$962 million purchase, underscoring aggressive accumulation by major players.

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

This post appeared first on investingnews.com

After 2025’s volatile end, 2026 is poised to be a watershed moment for the cryptocurrency sector, marking a transition from a speculative asset class to essential global financial infrastructure.

Further regulatory clarity, artificial intelligence (AI) integration, real-world asset (RWA) tokenization and sustained institutional inflows could propel DeFi and crypto markets in 2026. According to experts, this is no longer a conversation about crypto versus TradFi; it’s about a hybrid financial system where digital assets are simply better tools.

Crypto market maturity and resilience

According to Elkaleh, Bitcoin’s resilience during its recent pullback, which brought a 37 percent drawdown from its October all-time high, was telling. While such severity was surprising, he observed that long-term holders and institutions continued to accumulate rather than unwind exposure, which he sees as an indicator of health.

“Q4 was defined by a major leverage reset, with BTC’s sharp pullback forcing a broader reassessment of risk,” he said.

At the time of this writing, analysts were split on where Bitcoin could go next. A further crash risk lingers if the US Federal Reserve delays interest rate cuts; however, a post-purge rally to US$135,000 to US$150,000 is in sight mid-year if institutions return, exchange-traded fund (ETF) flows flip positive and futures premiums stabilize above 5 percent.

As Bitcoin dropped, Elkaleh observed other segments of the market tied to practical use cases and diversification strategies — such as privacy assets, decentralized AI and stablecoin ecosystems — weather the storm.

“The market (has shown) growing maturity: capital and developer attention shifted toward utility-driven sectors such as tokenization, stablecoins and real-world integrations.”

Tokenization: The on-chain first institutional default

Mersch sees tokenization accelerating in 2026, eventually becoming the default for new institutional financial products.

He sees the foundation of this shift being built, with tokenized treasuries and money-market funds serving as a core yield sleeve for institutional investors who demand liquidity, standardized reporting and programmable settlement.

“If current growth holds, tokenized assets could be a multi-trillion dollar market by 2030, with government bonds and cash-like instruments as the anchor,” he said. “Over the next five years, the key shift is likely that new institutional products are designed as on-chain first, and only secondarily wrapped in legacy wrappers.”

He anticipates that stablecoins will be solidified as the liquidity backbone for a growing tokenized market, acting as the new cash layer. The most likely end state, according to Mersch, will be a hybrid digital cash stack, where bank-issued stablecoins, private stablecoins and central bank digital currenciesco-exist and interoperate.

Mersch predicts that tokenized real estate and private credit will now start to see expansion.

For real estate, tokenization converts a traditionally illiquid market into tradable, divisible assets, lowering the barrier to entry for global investors and providing recurring revenue streams.

Rupena, whose company, Milo, pioneered the crypto-backed mortgage, asserts that lenders will be expected to recognize digital assets as a core part of a client’s real balance sheet, just like cash or securities.

Elkaleh also expects to see strong expansion in RWA tokenization in 2026, alongside stablecoin-based payouts and small-business payment rails. “The most accelerated growth will occur in emerging markets, where mobile-first users turn to crypto as a practical financial alternative,” he wrote in an email.

“The rise of RWA markets, L2 scalability and more accessible DeFi will allow onchain credit and savings to scale meaningfully. Combined with steady institutional inflows, these economies will become the strongest demand engines of 2026, driving both user growth and real economic activity onchain.”

DeFi: An institutional derivatives and credit layer

The final pillar of the 2026 crypto outlook is the maturation of DeFi. Mersch asserted that DeFi is poised to emerge as a compliance-ready core platform for credit and risk management in 2026.

Real-world structural resilience supports Mersch’s forecast.

Rupena noted that market ups and downs are expected in the digital asset ecosystem, and that conservative LTVs, real-time monitoring and clear margining frameworks are designed to cope with volatility.

“Lower forced liquidation activity, even during big market moves, is a very healthy signal,” he explained, adding that customers are purposely keeping collateral cushions so they can stay calm during market swings.

This focus on prudence and durability validates the market’s readiness for institutional-grade credit and risk products.

“If successful, this creates a liquid, 24/7 derivatives layer that sits on top of both tokenized and traditional markets,” Mersch said. “By 2026 and beyond, the most interesting innovation may not be crypto versus TradFi, but portfolio and product designs that blend tokenized assets, stablecoin liquidity and DeFi-based synthetic exposure into a single stack.”

This institutional leap is fundamentally enabled by regulatory clarity.

“You can already see this through partnerships like Coinbase (NASDAQ:COIN) with Circle Internet Group (NYSE:CRCL) and Morpho (TSE:3653), where yield is embedded at the platform level without requiring users to interact directly with on-chain protocols. Regulation will accelerate that model,’ he added.

Elkaleh noted that clearer rules will allow users to adopt on-chain tools for cross-border payments, tokenized savings and AI-driven bill pay with the same confidence they have in regulated fintech apps. He expects the most transformational impact will come from next-generation L2 scalability paired with AI-agent execution.

“These shifts will bring down transaction costs, compress settlement times, and enable autonomous payments, subscriptions and cross-chain operations,” the expert explained.

“We also expect prediction-market aggregation to emerge as a breakout consumer interface and RWA perpetuals to bring macro assets, including commodities, credit and inflation onchain through synthetic markets. These developments collectively move crypto into a more comprehensive, high-velocity financial system.”

Upcoming crypto market catalysts

The pivot to a hybrid financial system will be driven by several concurrent catalysts.

The US Market Structure Bill is targeted for a Senate floor vote in early 2026, aiming to create the first federal framework for digital assets. North of the border, Canada’s Stablecoin Act, which provides C$10 million for Bank of Canada oversight starting in 2026, signals official endorsement of the digital cash layer.

Globally, the Basel Committee on Banking Supervision is set to implement new capital standards for banks’ crypto exposures, crucial for encouraging institutional momentum, by January 1, 2026.

The technological engine supporting this adoption is fueled by scalability and intelligence.

On the blockchain side, Ethereum’s aggressive roadmap, including the Glamsterdam upgrade targeted for 2026, continues to refine Layer-2 (L2) systems. This focus on L2 efficiency, combined with the integration of AI agent execution, is key for supporting the millions of transactions needed for a comprehensive, high-velocity financial system.

Investor takeaway

In 2026, the crypto market is set to deliver meaningful gains and stable, sustained growth as this new, highly efficient, and globally interoperable financial system moves from the laboratory into production scale.

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

This post appeared first on investingnews.com

Clem Chambers, CEO of aNewFN.com, shares his outlook for silver in 2026.

In his view, the white metal could rise as high as US$150 to US$160 per ounce.

Chambers also discusses his other areas of focus right now, including gold, as well as the defense industry and tech stocks like Intel (NASDAQ:INTC).

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

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(TheNewswire)

Prismo Metals Inc.

Vancouver, British Columbia, December 8, 2025 TheNewswire – Prismo Metals Inc. (‘ Prismo ‘ or the ‘ Company ‘) (CSE: PRIZ,OTC:PMOMF) (OTCQB: PMOMF) is pleased to announce that it has continued out of the jurisdiction of Canada under the Canada Business Corporations Act into the provincial jurisdiction of British Columbia under the Business Corporations Act (British Columbia) (the ‘ BCBCA ‘). Shareholders approved the continuance at the Company’s annual general and special meeting of shareholders held on October 2, 2025.

In connection with the continuance, the Company has replaced its articles and bylaws with new notice of articles and articles, respectively, under the BCBCA. The CUSIP / ISIN numbers for the Company’s common shares and the stock symbol for the Company’s common shares remain unchanged.

About Prismo Metals Inc.

Prismo (CSE: PRIZ,OTC:PMOMF) is mining exploration company focused on advancing its Silver King, Ripsey and Hot Breccia projects in Arizona and its Palos Verdes silver project in Mexico.

Please follow @ PrismoMetals on , , , Instagram , and

Prismo Metals Inc.

1100 – 1111 Melville St., Vancouver, British Columbia V6E 3V6

Phone: (416) 361-0737

Contact:

Alain Lambert, Chief Executive Officer alain.lambert@prismometals.com

Gordon Aldcorn, President gordon.aldcorn@prismometals.com

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

Copyright (c) 2025 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

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