Chris Marcus, founder of Arcadia Economics, discusses silver’s recent price activity and where the white metal could be headed next.
He also weighs in on supply and demand dynamics, as well as the question of price suppression.
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
Former Vice President Kamala Harris offered up several criticisms of the Biden White House’s communications team in her new book, painting a picture of a staff that did little to defend her.
‘They had a huge comms team; they had Karine Jean-Pierre briefing in the pressroom every day,’ Harris wrote in her book ‘107 Days’, released on Tuesday and providing detailed insight into her ill-fated presidential run.
‘But getting anything positive said about my work or any defense against untrue attacks was almost impossible.’
Harris added that the ‘president’s inner circle seemed fine with it’ when ‘unfair or inaccurate’ stories about Harris circulated and that it even ‘seemed as if they decided I should be knocked down a little more.’
In a chapter titled ‘July 24: 104 days til the election,’ Harris suggested that Biden’s team was not only being unhelpful, but at times had worked against her in the past.
‘This was total nonsense, but the White House seemed glad to let reporting about my ‘gaffe’ overwhelm the significant thaw in foreign relations I’d achieved,’ Harris wrote about the White House not pushing back against media reports she had ‘faked a french accent’ in 2021.
‘Worse, I often learned that the president’s staff was adding fuel to negative narratives that sprung up around me,’ Harris wrote.
Harris took issue in the book with Republicans who ‘mischaracterized’ her role as the ‘border czar’ and lamented that ‘no one in the White House comms team helped me to effectively push back and explain what I had really been tasked to do’ or to ‘highlight any of the progress I had achieved.’
In another part of the book, Harris wrote about how Biden began ‘taking on water’ over the conflict between Hamas and Israel, saying that ‘when polls indicated that I was getting more popular, the people around him didn’t like the contrast that was emerging.’
Harris also provided details about her struggles with the Biden campaign staff before and after she became the nominee, writing specifically about meetings the Biden-Harris team had during the campaign in a pavilion on the White House grounds.
‘These political briefings often made no sense to me,’ Harris wrote. ‘Mike Donilon would filter the data from the polls and present the numbers in soothing terms: that the razor-thin, within-the-margin-of-error results were no cause for hair on fire; that really there was nothing to see here. Doug had wanted to stop sitting next to me because he got tired of me kicking him under the table when I asked a question and got a nonanswer.’
‘My chief of staff, Lorraine Voles, turned to me as we left one of these meetings and said, ‘If I ever organized that sort of dog-and-pony bullsh– for you, you’d have my head on a platter.’’
Harris’s husband, Doug Emhoff, was also quoted in the book with some strong words for the Biden team as Harris recounted an instance where his staff gauged the couple about their loyalty to Biden on July 4th, shortly before Biden dropped out of the race.
‘They hide you away for four years, give you impossible, sh– jobs, don’t correct the record when those tasks are mischaracterized, never fight back when you’re attacked, never praise your accomplishments, and now, finally, they want you out there on that balcony, standing right beside them,’ Emhoff is quoted as saying. ‘Now, finally, they know you are an asset, and they need you to reassure the American people. And still, they have to ask if we’re loyal?’
Ultimately, Harris concluded that the Biden White House was mistakenly operating using ‘zero-sum’ thinking.
‘If she’s shining, he’s dimmed,’ Harris wrote. ‘None of them grasped that if I did well, he did well. That given the concerns about his age, my visible success as his vice president was vital. It would serve as a testament to his judgment in choosing me and reassurance that if something happened, the country was in good hands. My success was important for him. His team didn’t get it.’
Fox News Digital reached out to Biden’s office for comment.
A resurfaced clip of Virginia’s Democratic gubernatorial candidate telling supporters to ‘let your rage fuel you’ sparked new backlash from her GOP opponent, amid warnings that such rhetoric is contributing to political violence, from the ICE facility shooting to the killing of conservative activist Charlie Kirk.
Virginia Lt. Gov. Winsome Earle-Sears shared the clip shortly after a gunman opened fire on an ICE facility in Dallas – showing Democratic gubernatorial opponent former Rep. Abigail Spanberger offering an adage about ‘let[ing] your rage fuel you’ during a June political event.
‘Rage. That’s what Abigail Spanberger is calling for,’ Earle-Sears wrote on X.
‘We’ve seen it with racist signs, cruel jeers, even cheering a father’s assassination for daring to disagree,’ she added, appearing to refer to Charlie Kirk.
Earlier this month, a protester at an Arlington event who was upset with Earle-Sears’ opposition to transgender bathroom policies in Washington, D.C., suburbs held up a sign that said if people cannot choose their own bathrooms, Earle-Sears, who is Black, cannot share their water fountains.
‘I’m asking for love,’ Earle-Sears said.
‘Love for our neighbors and our Commonwealth. Because ‘Virginia is for lovers’ — not rage,’ she added, name-checking the commonwealth’s iconic tourism slogan of 56 years.
Spanberger, however, suggested her words were taken out of context.
‘Abigail has and will continue to condemn comments that attempt to make light of or justify violence of any kind — full stop,’ a Spanberger spokesperson told Fox News Digital.
‘Abigail has a long record of working across party lines and ideologies to get things done, and she will continue to bring people together as Virginia’s next governor.’
During the June event, Spanberger closed her speech with a story about once complaining about politics in front of her mother, who responded, ‘Let your rage fuel you.’
‘And so, Mom, I love you. I thank you for the sage advice. And to the rest of us, every time we hear a new story, we let it fuel us,’ she said.
‘Every time we turn on the news, we let it fuel us. Every time something bad is happening, we say, ‘Oh that’s motivation’.
‘Every time something happens in the world, in this country, coming out of Capitol Hill or coming out of this White House, we just say, ‘Boy, am I motivated today.’ We write more postcards, we knock more doors, we make more phone calls, we tell more friends about the importance of this election.’
After Kirk’s murder in Utah, Spanberger said she and her husband, Adam, were praying for his family and the Orem community, adding that ‘disagreements over policy, perspectives or even worldviews should never lead to violence.’
Roseanne Barr is not holding back.
During a recent interview, the comedian called out the television industry’s hypocrisy, especially after late-night host Jimmy Kimmel made his return to his show.
‘It just shows how they think. I got my whole life ruined, no forgiveness, all of my work stolen and called a racist for time and eternity for racially misgendering someone,’ Barr said on NewsNation. ‘It’s a double standard.’
Her comments come just as ‘Jimmy Kimmel Live!’ returned to ABC, days after the host was suspended over his comments on conservative activist Charlie Kirk.
In 2018, Barr faced her own public controversies.
At the time, she tweeted about former Barack Obama adviser Valerie Jarrett, which triggered ABC’s cancellation of her show, ‘Roseanne.’
She wrote on Twitter that political figure Jarrett, who is Black, looked like the ‘Muslim brotherhood & planet of the apes had a baby.’
Though Barr deleted the tweet within hours and issued a public apology, ABC wasted no time in cutting ties. The network canceled the ‘Roseanne’ reboot.
Channing Dungey, who was ABC Entertainment’s president at the time, issued a scathing statement: ‘Roseanne’s Twitter statement is abhorrent, repugnant and inconsistent with our values, and we have decided to cancel her show.’
Looking back on her 2018 cancellation, Barr said Kimmel criticized her publicly despite having his own controversial past.
‘He called me a racist even though I said repeatedly, which they repeatedly censored, that it was a mistake,’ Barr told the outlet. ‘I thought that the woman was a white woman from Iran.’
Barr went on to call the controversy a double standard.
‘He called me a racist even though he himself appeared in blackface on their network many times,’ she added, referencing Kimmel’s past comedy sketches that resurfaced in 2020.
That abrupt shutdown marked a turning point in Barr’s career, one she said the network and media have never allowed her to recover from.
Barr predicted Kimmel’s comeback would be met with celebration from fans.
‘I think he’ll cheer himself on and his fans, all — what is it? — 2,000 of them. They’ll feel heartened and like they won another battle against Trump and the people of the United States. So, it’ll be a big celebration,’ she told the media outlet.
‘Maybe if he had defended me, maybe this wouldn’t have happened.’
Fox News Digital has reached out to Barr for additional comment.
After a nearly weeklong suspension from ABC, the late-night host returned to ‘Jimmy Kimmel Live!’ Tuesday night, opening with a somber, 30-minute monologue, walking back the comments that got him pulled off the air.
‘I don’t think there’s anything funny about it,’ Kimmel said, tearing up as he addressed the assassination of conservative activist Kirk earlier this month.
‘Nor was it my intention to blame any specific group for the actions of what … was obviously a deeply disturbed individual. That was really the opposite of the point I was trying to make.’
Kimmel acknowledged his original remarks may have been a misfire.
‘Felt either ill-timed or unclear or maybe both,’ he admitted.
Kimmel was suspended by Disney Sept. 17 after outrage erupted over his Sept. 15 monologue, in which he took direct aim at conservative media in the wake of Kirk’s murder.
‘We hit some new lows over the weekend with the MAGA gang desperately trying to characterize this kid who murdered Charlie Kirk as anything other than one of them,’ Kimmel said during the controversial episode. ‘And doing everything they can to score political points from it.’
Broadcasting giants Sinclair Broadcast Group and Nexstar Media Group, both of which carry dozens of ABC affiliates, announced they would be preempting Kimmel’s show due to what they called ‘ill-timed and insensitive’ commentary.
Vice President JD Vance spent most of his North Carolina speech Wednesday talking about public safety and backing law enforcement, but the day’s most viral moment came from a quick exchange with a young supporter in the crowd.
A boy near the press area called out during a Q&A session and Vance invited him to speak.
‘I skipped school today,’ the boy named Henry said. ‘I was wondering if I could get a picture with you.’
Vance smiled and beckoned Henry up to the stage as the room erupted in cheers.
Vance answered, ‘Henry said ‘I skipped school. Can I have a picture with you?’ Well, I guess I got to have some excuse to skip school, so I might as well get a photo with Henry.’
Henry walked to the stage in a red Trump hat and an American flag T-shirt. They shook hands and Henry pulled out his phone. Vance leaned in for the selfie as the crowd roared. The vice president gave him a quick pat on the back and returned to the microphone.
Vance kept the tone easy for a beat and joked that the next request might be a reporter asking for a photo. He said he was not holding out hope for questions that easy and moved back to policy and press questions.
The rest of Vance’s remarks focused on law and order and support for police. He called for keeping violent offenders behind bars and praised local officers.
He later circled back to the moment as he wrapped. ‘Henry, I hope you got the photo you needed,’ he said, drawing another round of applause.
The White House’s official Rapid Response 47 account also shared the moment, which currently has over 15K likes on X.
The White House and the Office of the Vice President did not immediately respond to Fox News Digital’s request for comment.
The top House Democrat signaled that his party is readying to blame Republicans as the threat of a government shutdown grows larger by the day.
House Minority Leader Hakeem Jeffries, D-N.Y., held a news conference on Wednesday where he said Democrats were ‘ready to get to work, ready to meet with anyone, any time, any place in order to avoid a painful Republican-caused government shutdown.’
At the same time, he restated that Democrats would not accept a GOP-led plan to keep the government funded at roughly current levels through Nov. 21, dismissing the measure as a ‘partisan exercise.’
‘Republicans have clearly demonstrated they want to shut the government down throughout this process,’ Jeffries said. ‘An intentional decision was made by Republican leadership in the House and the Senate not to have a single conversation with Democrats. They’re not even pretending as if they want to find common ground.’
The House passed a short-term extension of current federal funding levels, called a continuing resolution (CR), last week. The vote fell largely along party lines, with just one Democrat crossing the aisle in the measure’s favor.
An effort to consider the bill in the Senate hours later was scuttled when most Democrats, along with two Republicans, opposed a vote to begin debating the measure.
Now both parties are blaming one another for a potential shutdown – which could hit at midnight on Oct. 1 if a deal is not passed in both chambers by then.
Republicans are accusing Democrats of recklessly pushing for a shutdown and making unworkable demands in exchange for keeping the government open.
‘REMINDER: House Republicans have already done the job of passing a clean, bipartisan bill to keep the government open,’ Speaker Mike Johnson, R-La., said in a statement on X Wednesday. ‘Now it’s up to Senate Democrats – who have long said shutdowns are bad and hurt people – to vote to fund the American government, or shut it down because they want to restore taxpayer-funded benefits to illegal aliens.’
Republicans have also pointed out that government funding levels have remained relatively steady since fiscal year (FY) 2024, when Democrats supported then-President Joe Biden’s spending priorities.
But Democrats, infuriated by being sidelined in discussions on the bill, have been pushing for the inclusion of enhanced Affordable Care Act (ACA) subsidies that are set to expire at the end of 2025 without congressional action.
Jeffries has also repeatedly made reference to Republicans’ ‘big, beautiful bill,’ conservative legislation that imposed new restrictions and work requirements on Medicaid coverage for certain able-bodied Americans. He and other Democrats have accused Republicans of ripping healthcare away from millions of people, while the GOP has insisted the system is getting reformed to work better for vulnerable Americans who need it.
A short-lived hope for bipartisan discussion was quickly scuttled on Tuesday – Jeffries and Senate Majority Leader Chuck Schumer, D-N.Y., had been expected to meet with President Donald Trump this week to discuss federal funding.
Trump called off the meeting, however, accusing Democrats of making ‘unserious and ridiculous demands’ in their push for a compromise deal to avert a shutdown.
‘They must do their job! Otherwise, it will just be another long and brutal slog through their radicalized quicksand. To the Leaders of the Democrat Party, the ball is in your court. I look forward to meeting with you when you become realistic about the things that our Country stands for. DO THE RIGHT THING!’ the president said on Truth Social.
During his Wednesday news conference, however, Jeffries would not say exactly what he opposed in the bill – instead criticizing the process by which it was formed.
‘It’s partisan because it didn’t have the votes in the House in a bipartisan way. There was no conversation. There was no discussion. There was no effort to actually sit down and figure out what type of spending bill would meet the needs of the American people,’ Jeffries said.
‘The notion that we’re supposed to accept that this is a clean continuing resolution is a joke. It’s not. It’s dirty for a wide variety of reasons. I explained it repeatedly, and it continues the assault on the healthcare of the American people.’
He also argued against the point that Democrats approved those same spending levels last year, noting that a majority of his caucus opposed a bill in March that kept those levels extended through Sept. 30.
‘It’s very easy to take a look at the bill in December that was passed with bipartisan margins, and signed into law by then-President Joe Biden, and the bill in March that was jammed down the throats of the American people in a very partisan way and signed into law by Donald Trump,’ Jeffries said. ‘Don’t accept that idea that it’s the Biden spending numbers when the facts say exactly the opposite.’
Democrats introduced their own CR last week aimed at keeping the government funded through Oct. 31, while also reversing Republicans’ Medicaid changes and preventing Trump from making any cuts to funding allocated by Congress – both of which were panned as nonstarters by Republicans.
(TheNewswire)
 |
|||||||||
Harvest Gold Corporation (TSXV: HVG,OTC:HVGDF) (‘ Harvest Gold ‘ or the ‘ Company ‘) is pleased to announce that, subject to the final approval of the TSX Venture Exchange (the ‘ Exchange ‘) and further to its news release of September 11, 2025, it has closed its oversubscribed non-brokered private placement issuing 6,916,667 units (‘ Units ‘) at a price of $0.075 per Unit raising gross proceeds of $518,750.03 (the ‘ Private Placement
Harevst Gold President and CEO, Rick Mark, states: ‘We are very pleased to see this additional financing close as it provides additional funds for our 2025 exploration programs and puts us in a very strong fiscal position entering 2026. My thanks to the investors who supported us.’
Each Unit consisted of one common share in the capital of the Company (each, a ‘ Share ‘) and one transferable common share purchase warrant (each, a ‘ Warrant ‘). Each Warrant entitles the holder thereof to acquire one additional Share (each, a ‘ Warrant Share ‘) at a price of $0.12 per Warrant Share for a period of two years following the closing date of the Private Placement.
The Company anticipates using the proceeds from the Private Placement for exploration expenses on its properties in the Urban Barry area of Quebec, Canada, and general working capital.
All securities issued will be subject to a four-month hold period pursuant to securities laws in Canada, expiring on January 25, 2026.
In connection with the Private Placement, the Company paid finder’s fees consisting of 397,917 Shares at a deemed price of $0.075 per Share, 933,334 non-transferable warrants exercisable at $0.12 until the Expiry Date.
About Harvest Gold Corporation
Harvest Gold has three active gold projects focused in the Urban Barry area, totalling 329 claims covering 17,539.25 ha , located approximately 45-70 km east of the Gold Fields Windfall Deposit.
Harvest Gold acknowledges that the Mosseau Gold Project straddles the Eeyou Istchee-James Bay and Abitibi territories. Harvest Gold is committed to developing positive and mutually beneficial relationships based on respect and transparency with local Indigenous communities.
ON BEHALF OF THE BOARD OF DIRECTORS
Rick Mark
President and CEO
Harvest Gold Corporation
For more information please contact:
Rick Mark or Jan Urata
@ 604.737.2303 or info@harvestgoldcorp.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.
Forward Looking Information
This news release includes certain statements that may be deemed ‘forward looking statements’. All statements in this news release, other than statements of historical facts, that address events or developments that Harvest Gold expects to occur, are 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.
Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.
The securities referred to in this news release have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the ‘U.S. Securities Act’), or any applicable securities laws of any state of the United States, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons (as such term is defined in Regulation S under the U.S. Securities Act) or persons in the United States unless registered under the U.S. Securities Act and any other applicable securities laws of the United States or an exemption from such registration requirements is available.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any of these securities within any jurisdiction, including the United States. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements.
Copyright (c) 2025 TheNewswire – All rights reserved.
News Provided by TheNewsWire via QuoteMedia
St. Davids Capital Inc. (TSXV: SDCI.P) (‘St. Davids‘ or the ‘Company‘) and Thistle Resources Corp. (‘Thistle‘) are pleased to announce that, further to the news release dated July 10, 2025, they have entered into a definitive acquisition agreement dated September 15, 2025 (the ‘Acquisition Agreement‘) in respect of the previously announced arm’s length ‘qualifying transaction’ (the ‘Qualifying Transaction‘), as such term is defined in Policy 2.4 – Capital Pool Companies of the TSX Venture Exchange (the ‘TSXV‘) Corporate Finance Manual. In this news release, the term ‘Resulting Issuer‘ refers to the Company after the closing of the Qualifying Transaction.
Thistle Resources Corp.
Thistle is incorporated pursuant to the Business Corporations Act (Ontario) (the ‘OBCA‘) on September 1, 2017. Thistle has focused on critical minerals exploration in the Bathurst Mining Camp, New Brunswick, Canada. Thistle utilizes cutting edge technology paired with AI and proprietary algorithms to advance its project portfolio and increase shareholder value.
Key Terms of the Acquisition Agreement and Qualifying Transaction
On September 15, 2025, the Acquisition Agreement in respect of the Qualifying Transaction was entered into by the Company, Thistle and 1001354705 Ontario Inc. (‘Subco‘), a wholly-owned subsidiary of the Company incorporated for the purpose of completing the Amalgamation (as defined herein).
The Acquisition Agreement provides for, among other things, a three-cornered amalgamation under the OBCA, among the Company, Thistle, and Subco (the ‘Amalgamation‘), pursuant to which, among other things:
In addition, prior to the Effective Time, the Company intends to effect a change of its corporate name to ‘Thistle Resources Inc.’ or such other name as determined by Thistle and is acceptable to the applicable regulatory authorities (the ‘Name Change‘).
The Amalgamation will result in the reverse takeover of the Company by Thistle Shareholders and will constitute the Company’s ‘qualifying transaction’.
Upon completion of the Qualifying Transaction, it is anticipated that the Resulting Issuer will be listed as a Tier 2 Mining Issuer on the TSXV (as defined by the policies of the TSXV).
The closing of the Qualifying Transaction will be subject to the receipt of all requisite regulatory approvals (including the approval of the TSXV), requisite shareholder approvals and the satisfaction of other customary conditions.
For additional information relating to the terms of the Qualifying Transaction, please refer to a copy of the Acquisition Agreement, which will be filed and made available in due course on SEDAR+ (www.sedarplus.ca) under the Company’s issuer profile, as well as the news release dated July 10, 2025, which is available on SEDAR+ (www.sedarplus.ca) under the Company’s issuer profile. Additional information regarding the proposed Name Change and other corporate ancillary matters to be considered at the special meeting of shareholders on November 10, 2025 (the ‘Meeting‘) will be available in the Company’s management information circular to be filed in due course on SEDAR+ (www.sedarplus.ca) under the Company’s issuer profile.
Financing
In connection with and as a condition to the Qualifying Transaction, the Company intends to complete an equity financing (the ‘Financing’) to be completed concurrently with the closing of the Qualifying Transaction through a private placement of: (i) non-flow through units (the ‘NFT Units‘) at an issue price of $0.20 per NFT Unit, with each NFT Unit comprised of one share of the Company and one warrant (‘Warrant‘), with each whole Warrant exercisable into one share of the Resulting Issuer for a period of two years at an exercise price of $0.30 per share; (ii) flow through units (the ‘FT Units‘) at an issue price of $0.25 per FT Unit, comprised of one flow through share of the Company (the ‘FT Share‘) and one Warrant; and (iii) charity flow through-units (the ‘Charity FT Units‘, and together with the NFT Units and FT Units, collectively the ‘Units‘) at an issue price of $0.30 per Charity FT Unit, comprised of one FT Share and one Warrant, for gross proceeds of a minimum of $1,750,000 and a maximum of $3,500,000 (the ‘Private Placement‘). The Financing is subject to approval of the TSXV.
The Company has engaged Research Capital Corporation (‘RCC‘) to serve as lead agent on a commercially reasonable best-efforts basis in connection with the Private Placement. The securities will be sold to ‘accredited investors’ pursuant to exemptions from prospectus requirements under Canadian securities laws and/or in jurisdictions other than Canada that are mutually agreed to by the Company and RCC.
The Company has granted RCC an option, exercisable in whole or in part by RCC by giving notice to the Company at any time up to 48 hours prior to the closing of the Private Placement to sell up to an additional number of Units equal to 15% of the base Private Placement size at the issue price of such Units.
RCC will be paid a cash fee (the ‘Agent’s Fee‘) of 8.0% of the gross proceeds of the Private Placement. Notwithstanding the foregoing, the Agent’s Fee will be reduced to 4.0% for gross proceeds received by certain parties identified by Thistle (the ‘President’s List‘). RCC will also be granted a number of compensation warrants (the ‘Compensation Warrants‘) equal to 8.0% of the number of Units issued to investors in the Private Placement (reduced to 4.0% for President’s List subscribers). Each Compensation Warrant will be exercisable for one unit (the ‘Compensation Units‘) at an exercise price of $0.20 per Compensation Unit for a period of 24 months following the closing date of the Private Placement with each Compensation Unit comprised of one share and one Warrant. RCC will receive a corporate finance services fee of $50,000 on completion of the Private Placement.
The net proceeds of the Private Placement will be used for exploration expenses on Thistle’s mining projects and working capital and general corporate purposes.
St. Davids Capital Inc.
St. Davids was incorporated under the Business Corporations Act (Ontario) on August 4, 2021 and is a Capital Pool Company (as defined in the policies of the TSXV) listed on the TSXV. St. Davids has no commercial operations and no assets other than cash.
Cautionary Note Regarding Forward-Looking Information
This press release contains statements that constitute ‘forward-looking information’ (‘forward-looking information‘) within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking information and are based on expectations, estimates, and projections as of the date of this news release. Any statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events, or performance (often but not always using phrases such as ‘expects’, ‘does not expect’, ‘is expected’, ‘anticipates’ or ‘does not anticipate’, ‘plans’, ‘budgets’, ‘schedules’, ‘forecasts’, ‘estimates’, ‘believes’ or ‘intends’ or variations of such words and phrases or stating that certain actions, events, or results ‘may’ or ‘could’, ‘would’, ‘might’ or ‘will’ be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information.
In disclosing the forward-looking information contained in this press release, the Company has made certain assumptions, including that the Private Placement will be completed on acceptable terms and all applicable shareholder and regulatory approvals for the Qualifying Transaction will be received. Although the Company believes that the expectations reflected in such forward-looking information are reasonable, it can give no assurance that the expectations of any forward-looking information will prove to be correct. Known and unknown risks, uncertainties, and other factors may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Such factors include but are not limited to: availability of financing; delay or failure to receive board, shareholder, or regulatory approvals; and general business, economic, competitive, political, and social uncertainties. Accordingly, readers should not place undue reliance on the forward-looking information contained in this press release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking information to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking information, or otherwise.
For further information, please contact:
St. Davids Capital Inc.
Rocco Racioppo
rocrac80@gmail.com
Thistle Resources Corp.
Patrick J. Cruickshank
patrick@thistleresources.com
All information provided in this press release relating to Thistle has been provided by management of Thistle and has not been independently verified by management of the Company.
Completion of the Qualifying Transaction is subject to a number of conditions, including but not limited to TSXV acceptance. Where applicable, the Qualifying Transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the Qualifying Transaction will be completed as proposed or at all.
Investors are cautioned that, except as disclosed in the filing statement (or other applicable disclosure document) of St. Davids to be prepared in connection with the Qualifying Transaction, any information released or received with respect to the Qualifying Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of St. Davids should be considered highly speculative.
The TSXV has in no way passed upon the merits of the Qualifying Transaction and has not approved or disapproved of the contents of this news release.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the ‘U.S. Securities Act’) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
Source
The Trump administration is pressing for up to a 10 percent equity stake in Lithium Americas (TSX:LAC,NYSE:LAC) as it renegotiates the terms of a US$2.26 billion loan tied to the Thacker Pass project.
Two people familiar with the talks told Reuters on Tuesday (September 23) that the stake was proposed by the US government during recent discussions over adjustments to the loan’s repayment structure.
In response, Lithium Americas offered the government no-cost warrants equivalent to 5 to 10 percent of its common shares, along with funds to cover administrative costs tied to the changes. The company had requested changes to the amortization schedule, but not to the overall repayment timeline or interest owed.
The request marks the latest instance of the Trump administration intervening directly in strategic sectors.
The White House has previously pursued similar arrangements with Intel (NASDAQ:INTC), MP Materials (NYSE:MP) and other firms considered vital to national security. “President Trump supports this project. He wants it to succeed and also be fair to taxpayers,” a White House official told Reuters. “But there’s no such thing as free money.”
Located about 25 miles south of Nevada’s border with Oregon, Lithium Americas says Thacker Pass is set to become the western hemisphere’s largest lithium source once fully operational. Phase 1 is designed to produce 40,000 metric tons of battery-grade lithium carbonate per year, enough for roughly 800,000 electric vehicles.
Full commercial output is scheduled for 2028, following the completion of the processing plant and mine infrastructure; construction is already underway, with more than 600 contractors on site.
The scale of production would dwarf current US lithium output. At present, the country produces fewer than 5,000 metric tons annually from Albemarle’s (NYSE:ALB) Silver Peak facility in Nevada.
By contrast, global leaders Australia and Chile dominate mining, while China exerts outsized control over refining, processing more than 75 percent of the world’s lithium into battery-ready material.
The project was approved in the closing days of Trump’s initial term and received final financing under the Biden administration in 2024, when the Department of Energy’s Loan Programs Office (LPO) closed the record US$2.26 billion loan.
General Motors (NYSE:GM), which invested US$625 million in Lithium Americas last year for a 38 percent stake, holds rights to purchase all of the mine’s Phase 1 lithium output and part of Phase 2 output for the next two decades.
Trump officials are now pressing for assurances that GM will uphold those commitments, and are also seeking to shift some project control away from the automaker and toward Washington, according to Reuters’ sources.
For its part, Lithium Americas has stayed measured in its comments.
“We respect the LPO’s decision to pursue a restructure and remain in active discussions with the (Department of Energy) and our partner, GM, and will provide an update at the appropriate time,” the company said.
The reports of a potential government stake ignited trading activity. Shares of Lithium Americas jumped more than 90 percent in New York on Wednesday (September 24), climbing from about US$3 to as much as US$6.12.
Lithium Americas performance, September 19 to 24, 2025.
Chart via Google Finance.
GM shares also ticked higher, up about 2.5 percent in early trading.
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
President Donald Trump is spearheading a military buildup in the Caribbean — already signing off on a series of U.S. military strikes against alleged drug vessels from Venezuela.
So far, the Trump administration has conducted at least three deadly strikes against alleged drug smuggling boats, prompting some lawmakers in Congress to question the legality of these strikes and request additional oversight.
The strikes are the latest escalation from the Trump administration as it moves to crack down on drug cartels and the influx of illicit drugs into the U.S., and comes after the administration designated drug cartel groups like Tren de Aragua, the Sinaloa Cartel and others as foreign terrorist organizations in February.
Building up naval forces in the Caribbean gives the U.S. the capacity to not only conduct such strikes in international waters near Venezuela, but also within Venezuela itself, according to Geoff Ramsey, a senior fellow at the Atlantic Council international affairs think tank.
In August, Trump approved sending several U.S. Navy guided missile destroyers to bolster the administration’s counter-narcotics efforts in the region.
‘Whether we see more consequential strikes will depend more on political calculations in Washington than on operational capability,’ Ramsey said in a Wednesday email to Fox News Digital. ‘The administration could use the strikes as occasional shows of force, or it could escalate into a more systematic campaign, but the risk of doing so would be that we could destabilize Venezuela and spark an internal armed conflict with no clear end game.’
Ramsey said that the strikes come with a ‘real risk of escalation,’ and said that Venezuela views them as violations of sovereignty. Additionally, attacks inside Venezuelan territory could ignite a ‘cycle of retaliation,’ he said.
‘That would raise the prospect of a wider confrontation between the U.S. and Venezuelan forces, which could potentially end up sparking an internal armed conflict in the South American country, which could destabilize the region,’ Ramsey said. ‘So far President Trump seems aware of these risks, which is why the strikes so far have been carefully framed as counter-narcotics operations in international waters rather than an overt attack on the Venezuelan government.’
After Trump sent the destroyers to U.S. Southern Command, Venezuelan President Nicolás Maduro said his country was prepared to respond to any attacks, adding that the move amounted to ‘an extravagant, unjustifiable, immoral and absolutely criminal and bloody threat.’
Following the second strike, Maduro said the incident is part of a larger effort ‘to intimidate and seek regime change’ in Venezuela. The Trump administration has said it does not recognize Maduro as a legitimate head of state, and rather, views him as a leader of a drug cartel.
Meanwhile, members of Congress have cast doubt on whether the strikes the Trump administration approved are even legal in the first place. For example, Sens. Adam Schiff, D-Calif., and Tim Kaine, D-Va., filed a war powers resolution Friday that would block U.S. forces from engaging in ‘hostilities’ against certain non-state organizations.
‘President Trump has no legal authority to launch strikes or use military force in the Caribbean or elsewhere in the Western Hemisphere. The Administration has refused to provide Congress with basic information about the multiple strikes it has carried out, including who was killed, why it was necessary to put servicemembers’ lives at risk, and why a standard interdiction operation wasn’t conducted,’ Kaine said in a Friday statement. ‘Congress simply cannot let itself be stiff-armed as this Administration continues to flout the law.’
The Senate will be required to consider and vote upon the resolution.
Even so, the Trump administration has indicated from the beginning that it’s prepared for additional strikes.
‘Obviously, they won’t be doing it again,’ Trump told reporters in September after the first military strike. ‘And I think a lot of other people won’t be doing it again. When they watch that tape, they’re going to say, ‘Let’s not do this.’ We have to protect our country, and we’re going to. Venezuela has been a very bad actor.’
Likewise, Secretary of War Pete Hegseth signaled the U.S. military would launch future strikes on other drug vessels attempting to smuggle narcotics into the U.S.
‘We’ve got assets in the air, assets in the water, assets on ships because this is a deadly serious mission for us, and it won’t, it won’t stop with just this strike,’ Hegseth told Fox News in September after the first strike.
‘Anyone else trafficking in those waters who we know is a designated narco-terrorist will face the same fate,’ Hegseth said.
However, the strikes likely will not continue long term as boat traffic in the region dies down in response to the strikes, according to Bryan Clark, director of the Hudson Institute think tank’s Center for Defense Concepts and Technology.
‘These strikes will probably intensify for a couple weeks and then abate as fewer boats attempt to make the crossing. That is likely the intent of the operation,’ Clark said in a Tuesday email to Fox News Digital. ‘I think it is very unlikely to result in a broader conflict because the Venezuelan government will not want one.’