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55 North Mining (CSE: FFF,FSE: 6YF) is a Canadian exploration and development company advancing its 100 percent-owned Last Hope gold project in the Lynn Lake district of northern Manitoba. The company is focused on unlocking value from a high-grade gold system through systematic drilling, resource expansion, and disciplined capital allocation, while preserving strategic optionality in a rapidly emerging mining camp.

The Last Hope project hosts a high-grade, structurally controlled gold resource and benefits from proximity to established infrastructure, including paved road access, power and a regional airport. Importantly, the project lies near Alamos Gold’s Lynn Lake development, creating potential future synergies such as toll milling or satellite feed scenarios, subject to further technical and economic studies.

55 North Mining

The Last Hope gold project is located about 20 kilometres southeast of Lynn Lake, Manitoba, and comprises 31 mineral claims covering approximately 50 square kilometres. The project benefits from road and all-season trail access and is situated within a well-established mining district with a long history of gold and base metal production.

Company Highlights

  • High-grade Last Hope gold project has a current resource of 273,800 ounces inferred at 5.48 grams per ton (g/t) gold and 71,100 ounces indicated at 5.41 g/t gold
  • Significant exploration upside, with mineralization open down-plunge and along strike
  • Located approximately 20 kilometres from Alamos Gold’s Lynn Lake project, which includes a new 10,000-tonne-per-day mill under construction
  • Operating in a safe, mining-friendly jurisdiction with established infrastructure and a long history of mining activity
  • Impact Benefit Agreement in place with the Marcel Colomb First Nation, supporting social license and community engagement
  • Led by a management team with a track record of discovering, developing and monetizing assets in the Lynn Lake camp, including the sale of Carlisle Goldfields to Alamos Gold in 2016

This 55 North Mining profile is part of a paid investor education campaign.*

Click here to connect with 55 North Mining (CSE:FFF) to receive an Investor Presentation

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Several Republican lawmakers in Minnesota released a statement officially calling on the state’s Democratic governor, Tim Walz, to resign in light of the unfolding fraud scandal that has spiraled during his tenure. 

‘Minnesotans have been watching the fraud crisis get worse and worse for years. It has gone on long enough,’ Minnesota state Senators Bill Lieske and Nathan Wesenberg, along with state Reps. Marj Fogelman, Drew Roach and Mike Wiener, said in a Monday press release.

‘This is not about politics or stunts, and we do not make a call like this lightly. The office of the governor deserves respect, and we have tried to give Gov. Walz time to act.’

The group cites Article 8, Section 6 of the Minnesota Constitution, which lists serious malfeasance in the performance of official duties, as the reason to recall executive and interior officers, but stopped short of calling for an official recall effort. 

The lawmakers explained that ‘leadership means doing the right thing even when it is difficult, which is why we are calling on Gov. Walz to resign.’

‘We are talking about billions of dollars in fraud that should have gone to vulnerable Minnesotans. The red flags were everywhere. Yet, year after year, the fraud kept growing, and year after year, nothing changed.’

Earlier this month, federal prosecutors revealed that the fraud scandal in Minnesota, primarily found within the state’s Somali community, could cost taxpayers as much as $9 billion dollars. 

The Monday call from Republicans for Walz to resign comes shortly after a viral video by journalist Nick Shirley, seen more than 100 million times on X, highlighting suspected fraudulent daycare locations prompted even more scrutiny on Walz.

Walz’s office pushed back on the criticism shortly after the video went viral.

‘The governor has worked for years to crack down on fraud and ask the state legislature for more authority to take aggressive action,’ a Walz spokesperson said. ‘He has strengthened oversight — including launching investigations into these specific facilities, one of which was already closed.’

The spokesperson added that Walz has ‘hired an outside firm to audit payments to high-risk programs, shut down the Housing Stabilization Services program entirely, announced a new statewide program integrity director, and supported criminal prosecutions.’

Former federal prosecutor who worked on Minneapolis fraud sounds off on what went wrong.

Calls for Walz to resign have increased in recent weeks, including from Trump’s Education Secretary Linda McMahon, Fox News Digital first reported earlier this month.

The lawmakers said in their statement that the fraud scandal is the ‘number one’ issue they hear from their constituents, along with questions about why no one in power has been held accountable.

‘What we are seeing from the governor is what nonfeasance looks like,’ the lawmakers wrote. ‘When a governor fails to do what he is required to do, when he watches a crisis spiral out of control and does nothing to stop it, that is nonfeasance. The governor had a duty to oversee his administration and protect these programs. He failed. There needs to be consequences.

‘For the good of the state, Gov. Walz should step aside. Minnesota needs accountability, a reset, and new leadership that can get us back on the right track.’

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The U.S. may be signaling an expansion of its Venezuela-focused campaign to include ground operations, based on recent remarks from President Donald Trump.

Speaking Friday with radio host John Catsimitidis, Trump said the U.S. had struck a ‘big facility’ while discussing Washington’s broader effort against Latin American drug trafficking – an apparent reference to a drug production or trafficking site.

‘They have a big plant or a big facility where the ships come from,’ Trump said, without identifying Venezuela as the target. ‘Two nights ago we knocked that out.’

Asked about the comments on Monday, Trump told reporters the strike was ‘along the shore’ but declined to share whether it was conducted by the U.S. military or another entity like the CIA.

‘I don’t want to say that. I know exactly who it was,’ he said. 

‘We hit all the boats, and now we hit the area. It’s the implementation area. That’s where they implement. And that is no longer around,’ the president said during a news conference at Mar-a-Lago alongside Israeli Prime Minister Benjamin Netanyahu.

He added there was a ‘major explosion in the dock area where they load the boats up with drugs.’

If the facility was indeed on Venezuelan soil, it would mark the first known attack on land since the U.S. began bombing alleged narco-trafficking boats in the Caribbean and eastern Pacific waters in early September. 

More than two dozen strikes have killed 105 people so far.

While Venezuela is a known hub for trafficking drugs, such as cocaine that originates in Colombia, it is not a production hot spot. Months ago, Trump authorized the CIA to carry out covert action in Venezuela. 

In recent weeks, Trump has ramped up pressure aimed at pushing leader Nicolás Maduro from power by announcing a blockade of Venezuela and seizing two ships carrying sanctioned oil.

The White House and Pentagon have not publicly confirmed whether any recent strike occurred on Venezuelan soil. Maduro’s government has not publicly acknowledged the attack.

After prior strikes in the counter-drug campaign, the administration has touted success, even posting footage on social media of boats being struck. However, if the action was carried out covertly, it would limit what U.S. officials could share. 

Trump’s comments come amid the largest military buildup in the Caribbean in decades, with some 15,000 troops and the world’s biggest aircraft carrier, the USS Gerald R. Ford, stationed in the region. 

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Outgoing Republican Rep. Marjorie Taylor Greene indicated to the New York Times Magazine that President Donald Trump, lacks ‘faith’ and does not reciprocate loyalty. 

She also said that she disapproves of ‘MAGA Mar-a-Lago sexualization,’ and indicated that she expects the U.S. to engage in ‘more war’ as the president seeks to maintain his grip on power.

Greene, a once ardent Trump supporter who had a dramatic falling out with the GOP juggernaut this year, is dishing out scathing criticism of the president she once lauded.

Here are some takeaways from her comments reported by the New York Times Magazine:

Greene says Trump ‘does not have any faith’

Earlier this year, during remarks at the memorial service for slain conservative activist Charlie Kirk, Trump said of Kirk, ‘He did not hate his opponents. He wanted the best for them. That’s where I disagreed with Charlie. I hate my opponent. And I don’t want the best for them.’

By contrast, Kirk’s widow, Erika Kirk announced that she forgave the suspected killer.

 ‘It just shows where his heart is. And that’s the difference, with her having a sincere Christian faith, and proves that he does not have any faith,’ Greene opined, according to the Times.

Greene on ‘MAGA Mar-a-Lago sexualization’

Greene objected to what she referred to as ‘sexualization’ among MAGA women.

‘I never liked the MAGA Mar-a-Lago sexualization. I believe how women in leadership present themselves sends a message to younger women,’ she noted, according to the Times. 

‘I have two daughters, and I’ve always been uncomfortable with how those women puff up their lips and enlarge their breasts. I’ve never spoken about it publicly, but I’ve been planning to,’ she noted.

Greene says Trump lacks loyalty

The New York Times Magazine reported that Greene said regarding loyalty and Trump, that it is ‘a one-way street — and it ends like that whenever it suits him.’

Last month, after President Donald Trump issued posts lambasting Greene on Truth Social, the congresswoman announced that she would resign from office, noting that her last day would be January 5.

Greene suggests ‘more war’ on the horizon

Greene suggested that the U.S. is headed for ‘more war.’

‘In my opinion,’ Greene opined, according to the outlet, ‘we’re going to see more war. Because what do you do when you really lose power, when you become a lame duck? How do you cling to power? You go to war.’

Greene indicates House Speaker Mike Johnson is following orders from the White House

Greene suggested that House Speaker Mike Johnson is just taking orders from the White House.

‘I want you to know that Johnson is not our speaker,’ Greene asserted, according to the Times. ‘He is not our leader. And in the legislative branch — a totally separate body of government — he is literally 100 percent under direct orders from the White House. And many, many Republicans are so furious about that, but they’re cowards.’

White House responds

The White House pushed back against Greene’s comments about Johnson, asserting to Fox News Digital, ‘We have a very collaborative relationship with Speaker Johnson just like we do with Leader Thune, which is why we’ve had so much success this year.’

White House spokesperson Davis Ingle accused Greene of ‘petty bitterness.’

‘President Trump remains the undisputed leader of the greatest and fastest growing political movement in American history — the MAGA movement. On the other hand, Congresswoman Greene is quitting on her constituents in the middle of her term and abandoning the consequential fight we’re in — we don’t have time for her petty bitterness,’ Ingle noted in a statement. 

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Investor Insight

55 North Mining is advancing a high-grade gold asset in Manitoba with clear exploration upside and strategic proximity to a permitted, under-construction mill, positioning the company as a potential near-term production or acquisition candidate in a strong gold price environment.

Overview

55 North Mining (CSE:FFF,FSE:6YF) is a Canadian exploration and development company focused on advancing its 100 percent-owned Last Hope gold project in the Lynn Lake region of northern Manitoba. The company’s strategy centers on unlocking value from a high-grade gold system through systematic drilling, resource growth and disciplined capital allocation, while maintaining strategic optionality in a rapidly developing mining district.

55 North Mining

The Last Hope project hosts a high-grade, structurally controlled gold resource and benefits from proximity to established infrastructure, including paved road access, power and a regional airport. Importantly, the project lies near Alamos Gold’s Lynn Lake development, creating potential future synergies such as toll milling or satellite feed scenarios, subject to further technical and economic studies.

55 North is led by an experienced management team with deep technical and capital markets expertise and a long history in the Lynn Lake camp. This background informs the company’s focused, single-asset strategy aimed at advancing Last Hope efficiently while positioning the asset for multiple potential development pathways.

Company Highlights

  • High-grade Last Hope gold project has a current resource of 273,800 ounces inferred at 5.48 grams per ton (g/t) gold and 71,100 ounces indicated at 5.41 g/t gold
  • Significant exploration upside, with mineralization open down-plunge and along strike
  • Located approximately 20 kilometres from Alamos Gold’s Lynn Lake project, which includes a new 10,000-tonne-per-day mill under construction
  • Operating in a safe, mining-friendly jurisdiction with established infrastructure and a long history of mining activity
  • Impact Benefit Agreement in place with the Marcel Colomb First Nation, supporting social license and community engagement
  • Led by a management team with a track record of discovering, developing and monetizing assets in the Lynn Lake camp, including the sale of Carlisle Goldfields to Alamos Gold in 2016

Key Project

Last Hope Gold Project

The Last Hope gold project is located approximately 20 kilometres southeast of Lynn Lake, Manitoba, and comprises 31 mineral claims covering roughly 50 square kilometres. The project is accessible by road and all-season trail, within a well-established mining district with a long history of gold and base metal production.

55 North Mining

Geologically, Last Hope is a Precambrian-aged lode gold system situated within the Lynn Lake Greenstone Belt of the Churchill Structural Province. Mineralization is hosted in two near-vertical, tabular quartz-pyrite veins averaging approximately 3.5 metres in width. The deposit remains open along strike, particularly to the south, and at depth, supporting meaningful exploration upside.

The current NI 43-101 mineral resource estimate outlines 71,100 ounces of indicated gold and 273,800 ounces of inferred gold, both at grades exceeding 5 g/t gold. The resource is defined by 184 drill holes and includes numerous high-grade intercepts from both historical and recent drilling programs. With drill permits in place, 55 North is preparing to advance further drilling to test down-plunge extensions and expand the existing resource footprint.

With gold-sector consolidation accelerating and producers prioritizing high-grade ounces in established camps, 55 North is advancing Last Hope for strategic optionality. The company’s focus on resource growth and technical de-risking enhances the project’s relevance within the Lynn Lake district, positioning it for multiple value-creation outcomes, including potential strategic interest or acquisition.

Management Team

Bruce Reid – President and Chief Executive Officer

Bruce Reid is a geologist and mining executive with more than 35 years of industry experience. He previously served as chairman, president and CEO of Carlisle Goldfields, which was sold to Alamos Gold in 2016. Reid has founded and led multiple mining companies across North America and holds B.Sc. in Geology from the University of Toronto and a finance degree from the University of Windsor.

Julio DiGirolamo – Chief Financial Officer

Julio DiGirolamo is a chartered professional accountant with over 30 years of senior-level public company experience. He previously served as CFO of Carlisle Goldfields and brings extensive expertise in financial management, reporting and governance within the mining sector.

Sandra Jackson – Director

Sandra Jackson is a member of the Sagkeeng First Nation and holds a degree in economics from the University of Manitoba. She has more than three decades of experience in community, economic and institutional development, with a focus on Indigenous governance and engagement.

Herbert Urton – Director

Herbert Urton is a seasoned business executive with experience developing and managing companies at regional, national and international levels. He is currently president and CEO of Resortco Properties and a founding partner of One Sky Group, with expertise spanning hospitality, forestry and resource-related industries.

Vance Loeber – Corporate Development

Vance Loeber combines over 30 years of international experience with an extensive network to connect US and European investors with the capital needs of public resource companies. His track record includes securing major funding for large-scale projects, such as the launch of U.S. Silver and the multi-million dollar capitalization of Sandspring Resources.

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Sranan Gold Corp. (CSE: SRAN,OTC:SRANF) (OTCQB: SRANF) (‘Sranan Gold’ or the ‘Company’) announces that its common shares have been approved for trading on the OTCQB® Venture Market (‘OTCQB’) in the United States under the symbol ‘SRANF.’ The Company’s common shares will continue to trade on the Canadian Securities Exchange under the symbol ‘SRAN.’

‘The OTCQB listing represents an important step in increasing Sranan Gold’s visibility and accessibility to U.S. investors and supporting the Company’s presence in the U.S. market,’ said Oscar Louzada, Chief Executive Officer of Sranan Gold. ‘The listing aligns with our strategy of broadening investor awareness and market access as we continue to advance our exploration activities in Suriname.’

The OTCQB is a U.S. trading platform operated by OTC Markets Group Inc. that is designed for early-stage and growth companies. Companies quoted on the OTCQB are required to meet ongoing financial reporting and disclosure requirements, including annual verification and management certification.

Real-time quotes and market information for Sranan Gold are available on the OTC Markets website at www.otcmarkets.com.

Sranan Board Update
The Company also announces that John Williamson has resigned as Chair of the Board and as a director of the Company, effective immediately to focus on other professional commitments. The board and management of Sranan Gold thank Mr. Williamson for his contributions to the Company.

Commenting on his departure, Mr. Williamson stated: ‘I appreciate the opportunity to have served on the board of Sranan Gold and wish the Company and its management team continued success as they advance the Tapanahony Project.’

About Sranan Gold
Sranan Gold Corp. is engaged in the business of mineral exploration and the acquisition of mineral property assets in Suriname and Canada. The Company’s flagship Tapanahony Project covers 29,000 hectares in one of Suriname’s most prolific artisanal gold mining districts.

For more information, please visit http://www.sranangold.com.

For further information, please contact:
Oscar Louzada, CEO
+31 6 25438975

THE CANADIAN SECURITIES EXCHANGE HAS NOT APPROVED NOR DISAPPROVED THE CONTENT OF THIS PRESS RELEASE.

Forward-looking statements
Certain statements in this release constitute ‘forward-looking statements’ or ‘forward-looking information’ within the meaning of applicable securities laws including, without limitation, the timing, nature, scope and details regarding the Company’s plans and results. Such statements and information involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company, its projects, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such statements can be identified by the use of words such as ‘may’, ‘would’, ‘could’, ‘will’, ‘intend’, ‘expect’, ‘believe’, ‘plan’, ‘anticipate’, ‘estimate’, ‘scheduled’, ‘forecast’, ‘predict’ and other similar terminology, or state that certain actions, events or results ‘may’, ‘could’, ‘would’, ‘might’ or ‘will’ be taken, occur or be achieved. These statements reflect the Company’s current expectations regarding future events, performance and results and speak only as of the date of this release. Further details about the risks applicable to the Company are contained in the Company’s public filings available on SEDAR+ (www.sedarplus.ca), under the Company’s profile.

Corporate Logo

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/279148

News Provided by Newsfile via QuoteMedia

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North Korea test-fired two strategic cruise missiles as leader Kim Jong Un pledged to continue ‘unlimited’ development of its nuclear stockpile, according to state media. 

The launches involved cruise missiles designed to carry nuclear warheads, according to North Korea’s state-run Korean Central News Agency (KCNA).

Kim promised to ‘devote all their efforts to the unlimited and sustained development of the state nuclear combat force.’

The weapons flew over the country’s west coast for close to three hours, KCNA said. It did not reveal how far the missiles traveled.

KCNA said the drills were intended to demonstrate the ‘combat readiness of the nuclear deterrence force’ and ensure the country’s ability to carry out what it called a ‘swift and overwhelming retaliatory strike’ in the event of war.

‘The launch drill served as a clear warning to the enemies who are seriously threatening the security environment of the Democratic People’s Republic of Korea,’ KCNA reported, using the country’s formal name.

South Korea’s Joint Chiefs of Staff said its military detected the launch of multiple cruise missiles around 8 a.m. Sunday from the Sunan area near Pyongyang.

A spokesperson for South Korea’s Defense Ministry said the launches were part of a series of recent military activities by North Korea that ‘undermine peace and stability on the Korean Peninsula.’

North Korea has also recently highlighted what it claims is progress on a nuclear-powered submarine program, releasing new images of Kim inspecting construction at a shipyard alongside his daughter.

The Korean Central News Agency said the vessel is an 8,700-ton-class nuclear-propelled submarine that Pyongyang intends to arm with nuclear weapons. Kim has described the project as a key step in modernizing and nuclear-arming North Korea’s navy, though the regime has not provided independent verification of the submarine’s capabilities.

Analysts say North Korea fields multiple types of cruise missiles and has conducted several test launches over the past year, but there is no definitive public estimate of how many the regime possesses.

Outside expert assessments estimate North Korea has assembled roughly 50 nuclear warheads, with enough fissile material to potentially produce between 70 and 90 weapons, though exact figures remain uncertain due to the secrecy surrounding Pyongyang’s program.

President Donald Trump has said he remains open to negotiations with North Korea, but Kim has signaled he would only engage with Washington if denuclearization is removed from the agenda – a stance that underscores the wide gap between the two sides.

Cruise missiles pose a particular challenge for missile defense systems because they fly at lower altitudes and can maneuver in flight, making them harder to detect than ballistic missiles.

North Korea remains under sweeping international sanctions over its nuclear and missile programs, restrictions that Kim has vowed to overcome through weapons development rather than negotiations.

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Ukrainian President Volodymyr Zelenskyy indicated in a post on X that Ukraine would like to have 30, 40 or even 50 years of security guarantees from the U.S. and that President Donald Trump said the U.S. will consider it.

Zelenskyy met with Trump in Florida on Sunday, as his nation remains locked in a deadly, protracted war against Russia, and the U.S. administration aims to help broker peace.

In a Monday post on X, the president of the embattled Eastern European nation indicated that Trump had ‘confirmed strong security guarantees’ during their meeting.

‘He confirmed the details that had been developed up to this point by our negotiating teams regarding these security guarantees, and he confirmed that they would be put to a vote by the United States Congress. This is a very strong agreement,’ Zelenskyy noted.

During a joint press conference alongside Zelenskyy on Sunday, Trump was asked whether he offered any promises or assurances of security for Ukraine.

‘I did. We wanna work with Europe,’ Trump answered, adding that Europe will ‘take over a big part of it’ but that the U.S. will assist.

Zelenskyy, in another Monday post on X, indicated that Ukraine would like decades of security guarantees from the U.S.

‘In the documents, the guarantees are set for 15 years, with the possibility of extension. I raised this issue with the President. I told him that our war has already been going on for more than a decade, and therefore, we would very much like the guarantees to last longer. We would like to consider the possibility of 30, 40, or 50 years. It would then become a historic decision by President Trump. The President said that the U.S. would consider it,’ the foreign leader noted in the post.

Fox News Digital reached out to the White House on Monday for comment, but they did not immediately respond.

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President Donald Trump is taking action against Islamic State militants in northwest Nigeria, following through on previous threats and signing off on airstrikes targeting the group on Thursday. 

While the Christmas strikes zeroed in on ISIS militants, there are a number of violent extremist organizations operating in Africa’s Sahel region, where U.S. officials claim they are continuing to grow in influence and strength as violence surges there. 

The strikes conducted on Christmas occurred in Nigeria’s Sokoto State on the border of neighboring Niger. The area is where the Islamic State’s (IS) Sahel Province, which is largely based in Mali, Niger, and Burkina Faso, has ‘made inroads into Nigeria,’ according to Caleb Weiss, an editor with the Foundation for the Defense of Democracies’ Long War Journal. 

‘In Sokoto, it has carried out attacks against both government forces and civilians, representing just one jihadist group operating in Nigeria,’ Weiss said in a statement Thursday.

Additionally, other ISIS branches like IS West Africa Province, as well as organizations tied to other violent extremist groups like al Qaeda, are also active in the region, he said. These include Boko Haram, a Nigerian-based group that the State Department designated a foreign terrorist organization in 2013, as well as offshoots of al Qaeda like Ansaru and The Group for Support of Islam and Muslims, also known as Jama’at Nasr al-Islam wal Muslimin, or JNIM.

‘In addition to IS Sahel, there is also IS West Africa Province, which supports and coordinates with IS Sahel in NW Nigeria; the so-called Boko Haram; and the Al-Qaeda groups of Ansaru and the Group for Support of Islam and Muslims, which, like IS Sahel, is a group mainly based in Mali and Burkina Faso, but in recent years have also made inroads into Nigeria that has effectively made the Sahelian and Nigerian conflicts one large conflict,’ Weiss said. 

Meanwhile, the Sahel region, which primarily includes Nigeria, Niger, Burkina Faso and Mali, is ripe for terrorist activity, and U.S. officials have long cautioned about the threat that these groups pose to the U.S. homeland.

For example, Marine Corps Gen. Michael Langley, who is the head of U.S. Africa Command (AFRICOM), told reporters in May that extremist groups are gaining ground and ‘expanding their ambitions,’ meaning the threat to the U.S. homeland is increasing as these groups gain ‘capability and capacity’ in the Sahel region.

‘It is the flashpoint of prolonged conflict and growing instability. It is the epicenter of terrorism on the globe,’ Langley said. 

Meanwhile, Trump announced Thursday that he directed the strikes in northwest Nigeria, after previously warning he would take action following recent attacks in the region against Christians.

‘I have previously warned these Terrorists that if they did not stop the slaughtering of Christians, there would be hell to pay, and tonight, there was,’ Trump said on Thursday in a post on Truth Social. ‘The Department of War executed numerous perfect strikes, as only the United States is capable of doing.’

It’s unclear how many people were killed in the attacks, although Trump said that the strikes were ‘deadly.’ AFRICOM said Thursday that its initial assessment is ‘multiple’ ISIS terrorists were killed in the attack. 

Christians and Christian institutions have faced a series of attacks in Nigeria. In November, two people were killed and dozens were kidnapped after gunmen raided the Christ Apostolic Church in Eruku, Kwara State. Those who were abducted were liberated almost a week later.

Also in November, armed attackers stormed St. Mary’s School in Niger State, an event that resulted in the kidnapping of more than 300 students and staff. Although school officials later said roughly 50 students were able to break free, more than 250 students and 21 teachers are still in captivity.

The Trump administration moved to designate Nigeria a ‘country of particular concern’ in November. Nigeria has pushed back against the U.S. government’s designation. 

Fox News’ Greg Wehner contributed to this report. 

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International Lithium Corp. (TSXV: ILC,OTC:ILHMF) (OTCQB: ILHMF) (FSE: IAH) (the ‘Company’ or ‘ILC’) announces that on December 24, 2025, it received the arbitration determination for Lepidico’s dispute with Jiangxi Jinhui Lithium Co., Ltd. (‘Jinhui’) in China. Lepidico Chemicals Namibia (Pty) Ltd (‘Lepidico Namibia’) was the party involved in the arbitration. The dispute dates back to events prior to Lepidico’s acquisition of TSXV-quoted Desert Lion Energy Inc. in 2019.

ILC structured the deal announced on September 9, 2025, to buy Lepidico Mauritius as an option precisely because it wanted to wait and see the outcome of the arbitration decision. Lepidico Mauritius owns 80% of Lepidico Namibia, which, in turn, owns the entire Karibib Lithium, Rubidium and Cesium project (the ‘Karibib Project’).

The arbitration took place at the Singapore International Arbitration Centre (‘SIAC’) as provided for in the contract between the parties. It is understood that the case was referred to arbitration at the direction of the State Administration of Foreign Exchange (‘SAFE’), a Chinese state body and regulator under the People’s Bank of China. The contract between the parties was under Ontario law. There were no Canadians on the arbitration tribunal. A tribunal of three arbitrators was appointed. The presiding arbitrator and a co-arbitrator were both Professors who are nationals of and resident in China; the second co-arbitrator was a Singapore national. The arbitration determination was issued in Chinese, with an English translation. This differs from the Singapore court system, where all proceedings and judgments are conducted in English.

The outcome was unfavourable to Lepidico Namibia and resulted in a determination in favour of Jinhui.

ILC currently holds an option, is a secured creditor, and believes in the future of the Karibib Project. ILC’s board is considering various courses of action and expects to make further announcements in due course.

About International Lithium Corp.

International Lithium Corp. has exploration activities in Ontario, Canada, with intentions to expand into Southern Africa. It has projects at various stages, ranging from Definitive Feasibility Study at Rubicon in Namibia (note that ILC currently has an option only and is treating this as historic information at this point and not a current resource for ILC) to Preliminary Economic Assessment at Raleigh Lake to Pre-Drilling at Wolf Ridge. The primary target metals in Canada are lithium, rubidium and copper. There are three projects (two in Ontario and one in Ireland) in which ILC has sold its share, but where the Company stands to receive future payments from either a resource milestone being achieved or from a Net Smelter Royalty. In Namibia the Karibib project contains lithium, rubidium and cesium.

While the world’s politicians remain divided on the future of the energy market’s historic dependence on oil and gas and on ‘Net Zero’, there is in any scenario an ever-increasing and significant demand for electricity driven by AI and data centres, and by a likely unstoppable momentum towards electric vehicles and grid-scale electricity storage. All of these contribute to rising demand for lithium, copper, and other metals. Rubidium is also a critical metal, strategic for high-precision clocks, space technology, and improving the performance of certain types of solar panels. ILC has seen the politically driven, increasingly urgent push by the USA, Canada, the EU, and other major economies to safeguard their supplies of critical minerals and to become more self-sufficient. The Company’s Canadian and Southern African projects, which contain lithium, rubidium, cesium and copper, are strategic in this regard.

The Company’s key mission for the next decade is to generate revenue for its shareholders from lithium and other critical minerals while also contributing to the creation of a greener, cleaner planet and less polluted cities.

This includes optimizing the value of ILC’s existing projects in Canada as well as finding, exploring and developing projects that have the potential to become world-class deposits. The Company announced that it regards Southern Africa as a key strategic target market and, in addition to Namibia, it has applied for and hopes to receive EPOs in Zimbabwe. The board hopes to make further announcements on the portfolio developments over the next few weeks and months.

The Company’s interests in various projects now consist of the following, and in addition, the Company continues to seek other opportunities:

Name Metal Location Stage Area in Hectares Current Ownership Percentage Future Ownership % if options exercised and/or residual interest Operator or JV Partner
Raleigh Lake Lithium
Rubidium
Ontario Dec 2023 : PEA for Li completed Apr 2023 Maiden Resource Estimates for Li and Rb 32,900 100% 100% ILC
Rubicon + Helikon + Exclusive Prospecting Licence Lithium
Rubidium
Cesium
Karibib, Namibia 2021 : Feasibility Study completed for Li, Rb and Cs under JORC 29,500 0 % 80% Lepidico; ILC if option exercised
Firesteel Copper, Cobalt Ontario Initial Drilling 6,600 90% 90% ILC
Wolf Ridge Lithium Ontario Pre-Drilling 5,700 0% 100% ILC
Mavis Lake Lithium Ontario May 2023
Maiden Resource Estimate
2,600 0% 0%
(carries an extra earn-in payment of AUD$ 0.75 million if resource targets met)
Critical Resources Limited (ASX:CRR)
Avalonia Lithium Ireland Drilling 29,200 0% 0%
2.0% Net Smelter Royalty
GFL Intl Co Ltd. (owned by Ganfeng Lithium Group Co. Ltd)
Forgan/
Lucky Lakes
Lithium Ontario Drilling < 500 0% 0%
1.5% Net Smelter Royalty
Power Minerals Limited (ASX:PNN)

 

The Company’s primary strategic focus at this point is on the Raleigh Lake Project, comprising lithium and rubidium, and the Firesteel copper project in Canada, as well as obtaining EPOs and mineral claims in Zimbabwe. The Karibib projects in Namibia, including further development of the EPL there, will be a high priority if ILC decides to remain involved.

The Raleigh Lake Project now encompasses 32,900 hectares (329 square kilometres) of mineral claims in Ontario and represents ILC’s most significant project in Canada. To date, drilling has occurred on less than 1,000 hectares of the Company’s claims. A Preliminary Economic Assessment was published for ILC’s lithium at Raleigh Lake in December 2023, with a detailed economic analysis of ILC’s separate rubidium resource still pending. Raleigh Lake is 100% owned by ILC, free from any encumbrances and royalties. The Raleigh Lake Project boasts excellent access to roads, rail, and utilities.

A continuing goal has been to remain a well-funded, strategically run company that turns ILC’s aspirations into reality. Following the disposal of the Mariana project in Argentina in 2021, the Mavis Lake project in Canada in 2022, and the Avalonia project in 2025, ILC has continued to generate sufficient cash inflows to advance its exploration projects.

With increasing demand for high-tech rechargeable batteries used in electric vehicles, energy storage, and portable electronics, lithium has been dubbed ‘the new oil’. It is a key part of a green, sustainable economy. By positioning itself on projects with significant resource potential and solid strategic partners, ILC aims to become a preferred lithium and critical minerals resource developer for investors and to continue building value for its shareholders throughout the 2020s, the decade of battery metals.

On behalf of the Company,

John Wisbey
Chairman and CEO
www.internationallithium.ca

For further information concerning this news release, please contact info@internationallithium.ca or ILC@yellowjerseypr.com.

Neither 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.

Cautionary Statement Regarding Forward-Looking Information

Except for statements of historical fact, this news release or other releases contain certain ‘forward-looking information’ within the meaning of applicable securities law. Forward-looking information or forward-looking statements in this or other news releases may include: the timing of completion of any offering and the amount to be raised, the likelihood or otherwise of the Company exercising its option on Lepidico Mauritius, the outcome of arbitration and resulting actions and negotiations involving Lepidico Namibia and its stakeholders, the effect of results of anticipated production rates, the timing and/or anticipated results of drilling on the Raleigh Lake or Karibib or Firesteel or Wolf Ridge projects, the expectation of resource estimates, preliminary economic assessments, feasibility studies, the ability to renew mining licences or claims, lithium or rubidium or cesium or copper recoveries, modeling of capital and operating costs, results of studies utilizing various technologies at the company’s projects, the Company’s budgeted expenditures, future plans for expansion in Southern Africa and planned exploration work on its projects, increased value of shareholder investments in the Company, the potential from the Company’s third party earn-out or royalty arrangements, the future demand for lithium, rubidium, cesium and copper, and assumptions about ethical behaviour by our joint venture partners or third party operators of projects or royalty partners. Such forward-looking information is based on assumptions and subject to a variety of risks and uncertainties, including but not limited to those discussed in the sections entitled ‘Risks’ and ‘Forward-Looking Statements’ in the interim and annual Management’s Discussion and Analysis which are available at www.sedarplus.ca. While management believes that the assumptions made are reasonable, there can be no assurance that forward-looking statements will prove to be accurate. Should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking information. Forward-looking information herein, and all subsequent written and oral forward-looking information are based on expectations, estimates and opinions of management on the dates they are made that, while considered reasonable by the Company as of the time of such statements, are subject to significant business, economic, legislative, and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect and are expressly qualified in their entirety by this cautionary statement. Except as required by law, the Company assumes no obligation to update forward-looking information should circumstances or management’s estimates or opinions change.

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