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House Speaker Mike Johnson on Thursday sharply diverged from the direction that Senate negotiations were headed in to end the government shutdown.

Johnson told reporters Thursday that he would not commit to holding a vote on extending COVID-19 pandemic-era enhanced Obamacare subsidies, which are set to expire at the end of this year without congressional action.

Senate Majority Leader John Thune, R-S.D., had been floating a vote on such an extension in exchange for Democrats voting to end the shutdown — which is now in its 37th day. He has said he could not guarantee an outcome on the vote or that the House would take it up, however.

‘Leader Thune has bent over backwards. He’s offered them a vote. You know what they told him in response? ‘No, we need you to guarantee the outcome of that vote.’ Well, that’s ridiculous,’ Johnson said when asked about holding such a vote by a guaranteed date in the House if the deal succeeds in breaking the logjam.

When pressed again on a vote, he said, ‘No, because we did our job, and I’m not part of the negotiation.’

‘The House did its job on Sept. 19. I’m not promising anybody anything. I’m going to let this process play out,’ Johnson said.

His comments appeared to anger Senate Democrats who were negotiating an off-ramp to the shutdown.

‘Mike Johnson is only going to do what one person tells him, and that one person is Donald Trump, who has declared himself basically the speaker of the House,’ Sen. Jacky Rosen, D-Nev., told reporters in response. ‘So we need to be the adults in the room.’

The issue of enhanced Obamacare subsidies has been a matter of debate within the GOP, with some Republicans in more moderate districts calling for at least a year-long extension to give lawmakers time to create a new healthcare deal in its place.

But House conservatives are rejecting any such extension out of hand. Fox News Digital first reported that leaders of the 189-member Republican Study Committee issued an official position earlier Thursday demanding the credits not be extended.

It’s been a key ask for Democrats, however, that such an extension be paired with any federal funding bill before they agree to help end the shutdown.

Senate Democrats are huddling on Thursday afternoon to discuss what they could and could not accept out of a deal to end the government shutdown.

There are a dozen in the caucus who have been meeting to find a way out of the shutdown, but following Democrats’ Tuesday night election sweep, many in their caucus feel emboldened that their shutdown strategy is working and don’t want to let up yet.

Sen. Chris Murphy, D-Conn., said he believed Tuesday’s election was ‘having an impact’ on the caucus.

‘It would be very strange for the American people to weigh in, in support of Democrats, standing up and fighting for them, and then within days, for us to surrender without having achieved any of the things that we’ve been fighting for,’ Sen. Chris Murphy said.

The majority of the caucus demands a guarantee on a deal rather than the promise of a process, given that a proposal to extend the expiring subsidies from Democrats without major reforms to the program would likely fail in the Republican-controlled chamber.

But Thune has remained adamant that he can’t promise anything more than a vote and can’t predict an outcome.

‘I made this very clear to them, I can’t guarantee them an outcome,’ Thune said. ‘I can guarantee them a process, and they can litigate the issue, get the vote on the floor, and presumably they have some way of getting a vote in the House at some point, but I can’t speak for the House.’

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Uranium has fully landed in decentralized finance (DeFi), following the launch of xU3O8-based lending on DeFi aggregator Oku and powered by Morpho, the universal network that connects lenders and borrowers to the best possible opportunities worldwide. In a watershed moment for the DeFi sector, holders of xU3O8, the world’s first tokenized physical uranium product, will be able to leverage physical uranium as collateral for DeFi loans, supplying the token in exchange for USDC via a new vault that launched today using Morpho’s infrastructure. In this way, users of the vault can secure loans while maintaining their exposure to the asset that looks set to underpin the nuclear energy revival.

Commenting on the integration and the launch of the new vault, Ben Elvidge, Product Lead at Uranium.io and Head of Commercial Applications at Trilitech (Tezos R&D Hub in London), said, ‘Integrating with Morpho represents a significant step in uranium market maturation. We’re bringing DeFi lending capabilities to a commodity that has historically been trapped in opaque OTC markets with limited liquidity options.”

By depositing their xU3O8 in the vault, uranium investors can easily unlock liquidity and explore the thriving DeFi ecosystem on Etherlink, the EVM-compatibility layer for Tezos. Recent months have seen the integration of numerous new DeFi protocols on Etherlink, driving TVL to record heights in October and signaling widespread interest among DeFi users in the growing network. Meanwhile, existing DeFi users who may not already have exposure to uranium gain access to a novel use case combining exposure to a commodity that was previously only available to institutional investors with DeFi infrastructure. The xU3O8 token represents beneficial ownership of physical uranium stored at facilities operated by Cameco, one of the world’s largest uranium providers, with support from Curzon Uranium, a global uranium trading company, and Archax, the first registered crypto service provider in the UK.

“For users, the product offers an easier way into tokenized uranium investments and liquidity management. For Oku, it underscores our continued expansion into real-world assets, moving DeFi beyond purely digital collateral,” said Dan Zajac, BD Lead at Oku.

Since its launch in late 2022, Morpho has quickly become one of the largest DeFi lending protocols, with $10B+ in deposits and a $6.52B TVL. The integration with uranium.io, following similar integrations with Coinbase and Crypto.com, demonstrates the protocol’s ability to support sophisticated real-world asset use cases beyond traditional crypto collateral.

Recent institutional research reveals 97% of institutional investors would consider uranium investment if access were simplified, highlighting growing demand for uranium exposure in investment portfolios. The uranium market faces a supply-demand imbalance, with global production at approximately 155 million lbs annually falling short of demand at 197 million lbs.

About Oku

Oku is a premier DeFi aggregator live on 35+ chains offering 0% fees across 14 swap and 11 bridge routers to connect users with S-tier apps in crypto. As a leading interface for Uniswap v3 and Morpho, Oku makes transacting 1000+ tokens across EVM chains seamless and fast. One click. Every chain.For more information, visit https://oku.trade/.

About Moprho

Morpho is the most trusted onchain lending network with $10B+ in deposits. Businesses can connect to Morpho’s open infrastructure to power any lending or borrowing use case at scale, including embedded crypto-backed loans and custom yield solutions.

About Uranium.io (xU3O8)

Uranium.io (xU3O8) is redefining access to one of the world’s most strategic resources. xU3O8 makes it possible to digitally own and transfer uranium using Etherlink, an EVM-compatible Layer 2 blockchain powered by Tezos Smart Rollup technology. The initiative is supported by Curzon, a global uranium trading company, and Archax, the first registered digital securities crypto exchange in the UK. xU3O8 gives you digital ownership of uranium securely stored in a regulated depository operated by Cameco, one of the world’s largest uranium providers. Through xU3O8, ownership of the uranium stored in secure facilities is digitally recorded, taking advantage of the efficiencies created by using blockchain technology. https://uranium.io/

Click here to connect with xU3O8 (uranium.io) to receive an Investor Presentation

Source

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Sun Silver (ASX:SS1) will commence trading on the US OTCQX market following strong US investor interest, the company said earlier this week.

The OTCQX trading allows US investors to trade the company’s shares in US dollars and during the US market hours.

According to Sun Silver, US investor interest came after its completion of an AU$30 million placement to advance its Maverick Springs silver and gold project in Nevada last July.

Coincidentally, silver was included in the US Department of Interior’s Draft 2025 Critical Minerals List, which was updated in August.

“Commencing trading on the OTCQX represents a major step forward in Sun Silver’s U.S. growth strategy,” said Sun Silver Managing Director Andrew Dornan. “Our Nevada-based Maverick Springs Project is ideally positioned to benefit from growing recognition of silver’s critical role in clean energy and technology supply chains.”

Maverick Springs holds an updated JORC inferred mineral resource estimate of 480 million ounces of silver equivalent at 68.29 grams per tonne silver equivalent.

The company said on its website that it is the largest pre-production primary silver deposit on the Australian Securities Exchange (ASX).

“(This) dual quotation on the OTC Market will not only broaden its investor base but also align Sun Silver with the world’s most sophisticated silver investment community at a time of heightened demand and increasing strategic value for the metal,” the company said.

It also cited the rise of antimony in the global market, highlighting JPMorgan’s recent US$75 million investment for nearly a three percent stake in Perpetua Resources’ (TSX:PPTA,NASDAQ:PPTA)

Perpetua is known for its 4.8 million ounce Stibnite gold mine in Idaho, which has a historic record of producing 90 percent of the US’ antimony output during World War II.

The company added that in this context, advancing projects such as Maverick Springs, which “hosts widespread antimony mineralisation alongside silver and gold mineralisation,” present a significant opportunity.

Sun Silver’s shares will continue to trade on the ASX under “SS1,” which will remain its primary listing.

Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.

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China has confirmed a major milestone in nuclear science after achieving the world’s first successful conversion of thorium into uranium fuel inside a working molten salt reactor.

The experimental thorium molten salt reactor (TMSR), developed by the Chinese Academy of Sciences’ Shanghai Institute of Applied Physics (SINAP) in the Gobi Desert, is the first in the world to demonstrate stable thorium-based fission.

The reactor has been operating since achieving first criticality in October 2023 and, according to SINAP, has now produced experimental data confirming thorium-to-uranium fuel conversion — the process that “breeds” uranium-233 from thorium-232, a naturally abundant element.

Li Qingnuan, Communist Party secretary and deputy director at SINAP, told Science and Technology Daily that “since achieving first criticality on October 11, 2023, the thorium molten salt reactor has been steadily generating heat through nuclear fission.”

Unlike traditional nuclear reactors that rely on solid uranium rods, the TMSR uses liquid fuel dissolved in molten fluoride salt, which acts both as fuel and coolant. This design allows for continuous refueling and efficient energy output without shutting down operations.

“This design not only dramatically improves fuel utilisation but also significantly reduces the volume of long-lived radioactive waste,” Li added.

The core process involves thorium-232 absorbing neutrons to become uranium-233—a fissile isotope capable of sustaining a chain reaction. Because this transformation happens inside the reactor itself, it eliminates the need for external fuel fabrication and enables a self-sustaining “burn while breeding” cycle that could yield virtually limitless energy.

Through this achievement, China’s success addresses one of its longest-standing energy constraints: uranium scarcity. The country currently imports more than 80 percent of its uranium, leaving its nuclear sector vulnerable to geopolitical risks and market fluctuations.

By contrast, thorium is far more abundant. China is estimated to hold 1.3 to 1.4 million tonnes of thorium, with vast deposits in Inner Mongolia’s Bayan Obo mine alone containing enough material to power the nation for more than a thousand years.

Furthermore, fourth-generation molten salt reactors (MSRs) are widely regarded as a safer and more efficient alternative to conventional reactors. They operate at atmospheric pressure and use chemically stable salts that trap radioactive materials, minimizing the risk of high-pressure explosions or leaks.

The breakthrough positions China as a frontrunner in next-generation nuclear energy, a field long dominated by Western research that has struggled to reach operational reality.

While the US, France, and Japan have previously explored thorium-based reactors, none has succeeded in bringing one to sustained operation.

Currently, China has more reactors under construction than the rest of the world combined and is building them at twice the speed of Western competitors. According to Nature, while US nuclear construction costs have ballooned over the past five decades, China’s have fallen by half.

Construction of the experimental TMSR-LF1 began in 2018 and accelerated ahead of schedule, with the Ministry of Ecology and Environment approving commissioning in 2022. The reactor reached first criticality in October 2023, achieved full power in mid-2024, and completed the world’s first thorium fuel loading experiment later that year.

The Chinese Academy of Sciences launched the TMSR program in 2011 as part of a national drive to develop sustainable energy technologies and reduce carbon emissions.

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

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The rally in silver that began earlier this year has translated into a wave of strong third quarter results for leading industry firms.

The silver market erupted in 2025, breaking the US$30 barrier at the start of the year before accelerating into the spring with a February 20 print of US$32.94 and a Q1 peak of US$34.21 on March 28.

By early June silver hit a 13-year high of US$36.05, topped US$37, by mid-month. The white metal pushed past US$39 in July, and surged through August and September to exceed US$47. Silver went on to shatter its 1980 US dollar record in October to breifly touch US$53 per pounce before pulling back to end the month in the US$47 range.

First Majestic sets new production record

First Majestic Silver (TSX:AG,NYSE:AG) led the quarter’s gains with a 96 percent year-on-year surge in silver production, reaching 3.9 million ounces in the third quarter of 2025 compared to 2.0 million ounces a year earlier.

Of this total, 1.4 million ounces came from its recently integrated Los Gatos operation.

Revenue for the quarter soared 95 percent to US$285.1 million, the third consecutive quarter of record sales, driven by higher metal prices and increased output.

Overall, about 56 percent of the total came from silver sales, with the company realizing an average silver-equivalent price of US$39.03 per ounce.

Coeur Mining delivers record results, launches landmark merger

Coeur Mining (NYSE:CDE) marked its second consecutive period of double-digit revenue and production growth. The company produced 4.8 million ounces of silver during the third quarter, up 57 percent year-over-year.

Average realized silver prices rose 15 percent to US$38.93 per ounce compared to the prior quarter, while gold prices increased 4 percent to US$3,148 per ounce.

Coeur delivered another quarter of record financial results, driven by higher prices, balanced contributions from all five of our North American gold and silver operations along with overall strong cost control,” said company President and CEO Mitchell J. Krebs.

Just days after reporting earnings, Coeur announced a US$7 billion all-stock merger with New Gold (TSX:NGD,NYSEAMERICAN:NGD), creating what analysts are calling a “North American powerhouse” in the precious metals space.

The transaction was described as the largest gold-sector merger of 2025. The combined entity will be majority-owned by Coeur shareholders (62 percent) and will operate exclusively in North America.

Royal Gold benefits from higher metal prices

Royal Gold (NASDAQ:RGLD) reported record quarterly revenue of US$252.1 million and operating cash flow of US$174 million in the third quarter of 2025, driven by higher average realized prices for gold, silver, and copper.

Net income reached US$126.8 million, or US$1.92 per share, while adjusted net income rose to US$136.2 million, or US$2.06 per share—both among the highest in the company’s history.

The royalty and streaming company’s revenue mix for the quarter was dominated by gold (78 percent), followed by silver (12 percent) and copper (7 percent).

“Our portfolio performed very well and allowed us to take full advantage of the materially higher gold and silver prices in the quarter, and the record gold price directly benefited our results,” said President and CEO Bill Heissenbuttel.

In August, the company finalized a US$1.0 billion gold streaming agreement with First Quantum Minerals (TSX:FM,OTC Pink:FQVLF)

Endeavour Silver nears new production phase

Endeavour Silver (TSX:EDR,NYSE:EXK) reported steady output as its portfolio continued to perform in line with expectations.

Consolidated silver production driven by higher throughput at Guanaceví and the inclusion of its new Kolpa mine in the third quarter rose 102 percent year-over-year to 1.77 million ounces. Silver-equivalent output totaled 3.0 million ounces when accounting for gold and base metals.

CEO Dan Dickson said, “Our legacy mines continue to provide steady results, Kolpa is meeting expectations and integrating smoothly, and with Terronera nearing commercial production, we are entering the next phase of growth with significant momentum.”

The Terronera project, now in the final stages before commercial production, achieved average silver recoveries of 82.8 percent and gold recoveries of 72.3 percent in September.

Americas Gold and Silver doubles silver output

Americas Gold and Silver (TSX:USA) capped the quarter with one of the strongest percentage gains in the industry.

The company’s consolidated silver production surged 98 percent year-over-year to 765,000 ounces, supported by operational gains at the Galena Complex in Idaho and higher-grade ore zones at the Cosalá Operations in Mexico.

CEO Paul Andre Huet said the quarter marked a turning point for the company’s US operations.

Huet noted: “Our operation in Idaho is now starting to deliver results after spending significant effort underground at Galena conducting numerous time studies, engineering work, productivity-focused projects, implementing new equipment and adjusting the mining method.”

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

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House Speaker Mike Johnson, R-La., sharply diverged from his Senate counterpart on Thursday as the upper chamber continues to negotiate a way out of the government shutdown.

Johnson said he would not commit to holding a vote on extending COVID-19 pandemic-era enhanced Obamacare subsidies, which are set to expire at the end of this year without congressional action.

Senate Majority Leader John Thune, R-S.D., however, had been floating a vote on such an extension in exchange for Democrats voting to end the shutdown — which is now in its 37th day.

‘Leader Thune has bent over backwards. He’s offered them a vote. You know what they told him in response? ‘No, we need you to guarantee the outcome of that vote.’ Well, that’s ridiculous,’ Johnson said when asked about holding such a vote by a guaranteed date in the House if the deal succeeds in breaking the logjam.

When pressed again on a vote, he said, ‘No, because we did our job, and I’m not part of the negotiation.’

‘The House did its job on Sept. 19. I’m not promising anybody anything. I’m going to let this process play out,’ Johnson said.

The issue of enhanced Obamacare subsidies has been a matter of debate within the GOP, with some Republicans in more moderate districts calling for at least a year-long extension to give lawmakers time to create a new healthcare deal in its place.

But House conservatives are rejecting any such extension out of hand. Fox News Digital first reported that leaders of the 189-member Republican Study Committee issued an official position earlier Thursday demanding the credits not be extended.

It’s been a key ask for Democrats, however, that such an extension be paired with any federal funding bill before they agree to help end the shutdown.

Senate Democrats are huddling on Thursday afternoon to discuss what they could and could not accept out of a deal to end the government shutdown.

There are a dozen in the caucus who have been meeting to find a way out of the shutdown, but following Democrats’ Tuesday night election sweep, many in their caucus feel emboldened that their shutdown strategy is working and don’t want to let up yet.

Sen. Chris Murphy, D-Conn., said he believed Tuesday’s election was ‘having an impact’ on the caucus.

‘It would be very strange for the American people to weigh in, in support of Democrats, standing up and fighting for them, and then within days, for us to surrender without having achieved any of the things that we’ve been fighting for,’ Sen. Chris Murphy said.

The majority of the caucus demands a guarantee on a deal rather than the promise of a process, given that a proposal to extend the expiring subsidies from Democrats without major reforms to the program would likely fail in the Republican-controlled chamber.

But Thune has remained adamant that he can’t promise anything more than a vote and can’t predict an outcome.

‘I made this very clear to them, I can’t guarantee them an outcome,’ Thune said. ‘I can guarantee them a process, and they can litigate the issue, get the vote on the floor, and presumably they have some way of getting a vote in the House at some point, but I can’t speak for the House.’

This post appeared first on FOX NEWS

Russian President Vladimir Putin said Wednesday his country will draw up plans to conduct nuclear tests after President Donald Trump announced the U.S. would do the same last week.

The Kremlin leader said he has asked relevant departments to ‘submit coordinated proposals regarding the possible commencement of work to prepare for nuclear weapons testing.’

‘Russia has always strictly adhered and continues to adhere to its obligations under the Comprehensive Nuclear-Test-Ban Treaty (CTBT), and we have no plans to deviate from these commitments,’ Putin said at a meeting of the Russian national security council.

The treaty was signed but never ratified by the U.S.

If the U.S. or other signatories of the treaty begin nuclear testing, ‘Russia would also have to take appropriate and proportionate responsive measures,’ Putin added.

In the past week, Trump has both announced the U.S. will reignite nuclear testing and suggested he is working on a deal to denuclearize with Russia and China.

‘We redid our nuclear — we’re the number one nuclear power, which I hate to admit, because it’s so horrible,’ Trump said during a speech at the American Business Forum in Miami.

‘Russia’s second. China’s a distant third, but they’ll catch us within four or five years,’ he added. ‘We’re maybe working on a plan to denuclearize, the three of us. We’ll see if that works.’

Last week, Trump announced on Truth Social, ‘because of other countries testing programs, I have instructed the Department of War to start testing our Nuclear Weapons on an equal basis. That process will begin immediately.’

The War Department handles the testing of nuclear-capable weapons, while the Energy Department’s National Nuclear Security Administration (NNSA) would be responsible for testing explosives.

Some 1400 workers, 80% of the NNSA, are currently on furlough due to the government shutdown.

The U.S. regularly tests nuclear-capable vehicles, missiles and rockets, but the U.S. has not conducted an explosive nuclear test since 1992. Russia’s last known test was in 1990.

Russia last week did claim to test two delivery vehicles: an undersea torpedo known as Poseidon and a nuclear-powered cruise missile.

The U.S. conducted a nuclear-capable weapon test on Wednesday, launching the intercontinental ballistic missile Minuteman III into the air from Vandenberg Space Force Base in California. It landed 4,200 miles away at a U.S. test site in the Marshall Islands.

Dmitry Medvedev, Russia’s former president who holds a top post on its security council, wrote on X that ‘No one knows what Trump meant about ‘nuclear testing’,’ adding, ‘he probably doesn’t himself.’

‘But he’s the president of the United States. And the consequences of such words are inescapable: Russia will be forced to assess the expediency of conducting full-fledged nuclear tests itself,’ Medvedev added.

Russia’s defense minister, Andrey Belousov, said Wednesday that he believes the U.S. in general is ‘actively increasing its strategic offensive capabilities.’

‘We must, of course, focus not only — or even primarily — on statements and remarks made by American politicians and officials, but above all on the actual actions of the United States of America.’

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‘NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.’

Nevgold Corp. (‘ NevGold ‘ or the ‘ Company ‘) ( TSXV:NAU,OTC:NAUFF) (OTCQX:NAUFF) (Frankfurt:5E50 ) is pleased to announce that it has entered into an agreement with Clarus Securities Inc. (the ‘ Agent ‘), as sole Agent and bookrunner, in connection with a best efforts private placement of units of the Company (the ‘ Units ‘) at a price of $0.65 per Unit (the ‘ Issue Price ‘) for gross proceeds to the Company of up to $10,000,000, being within the amount that may be issued pursuant to the Listed Issuer Financing Exemption, as defined below (the ‘ Offering ‘).

Each Unit will consist of one common share in the capital of the Company (each, a ‘ Common Share ‘) and one-half of one Common Share purchase warrant (each whole warrant, a ‘ Warrant ‘). Each Warrant will entitle the holder to purchase one Common Share at an exercise price of $0.90 for 24 months following the completion of the Offering. The Warrants will also be subject to a restriction on exercise that expires 61 days following the Closing Date (as defined below).

The Offering will be conducted pursuant to the terms of an agency agreement to be entered into between the Company and the Agent on or prior to the closing date of the Offering. In connection with the Offering, the Agent will receive a 7.0% cash commission on the gross proceeds of the Offering and 7.0% non-transferable compensation options (each, a ‘ Compensation Options ‘) on the number of Units sold under the Offering. Each Compensation Option will entitle the holder thereof to acquire one Common Share at the Issue Price for a period of 24 months from the closing of the Offering.

The Company intends to use the net proceeds of the Offering for advancing its Limousine Butte gold-antimony project (Nevada), Nutmeg Mountain gold project (Idaho), Zeus copper project (Idaho) working capital and general corporate purposes.

The closing of the Offering is anticipated to occur on or about November 27, 2025 and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange.

The Units will be offered for sale to purchasers resident in Canada other than the Province of Quebec and/or other qualifying jurisdictions pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 – Prospectus Exemptions as amended by Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the ‘ Listed Issuer Financing Exemption ‘). Because the Offering is being completed pursuant to the Listed Issuer Financing Exemption, the securities issued in the Offering will not be subject to a hold period pursuant to applicable Canadian securities laws.

There is an offering document related to the Offering that can be accessed under the Company’s profile at www.sedarplus.ca and on the Company’s website at www.nev-gold.com. Prospective investors should read this offering document before making an investment decision.

The securities described herein have not been, and will not be, registered under the 1933 Act or any state securities laws, and accordingly, may not be offered or sold within the United States except in compliance with the registration requirements of the 1933 Act and applicable state securities requirements or pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a solicitation to buy any securities in any jurisdiction.

ON BEHALF OF THE BOARD

‘Signed’

Brandon Bonifacio, President & CEO

For further information, please contact Brandon Bonifacio at bbonifacio@nev-gold.com, call 604-337-4997, or visit our website at www.nev-gold.com .

About the Company
NevGold is an exploration and development company targeting large-scale mineral systems in the proven districts of Nevada and Idaho. NevGold owns a 100% interest in the Limousine Butte (gold-antimony) and Cedar Wash (gold) projects in Nevada, and the Nutmeg Mountain (gold) and Zeus (copper) projects in Idaho.

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

Cautionary Note Regarding Forward Looking Statements

This news release contains forward-looking statements that are based on the Company’s current expectations and estimates. Forward-looking statements are frequently characterized by words such as ‘plan’, ‘expect’, ‘project’, ‘intend’, ‘believe’, ‘anticipate’, ‘estimate’, ‘suggest’, ‘indicate’ and other similar words or statements that certain events or conditions ‘may’ or ‘will’ occur. Forward-looking statements include, but are not limited to, the terms of the Offering, the anticipated use of proceeds, the completion of the Offering and the estimated closing date.

Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements. Such risks include, but are not limited to, the failure to complete the Offering in the timeframe and on the terms as anticipated by management, market conditions and the ability to obtain all necessary regulatory approvals. There is some risk that the forward-looking statements will not prove to be accurate, that the management’s assumptions may not be correct or that actual results may differ materially from such forward-looking statements. Accordingly, readers should not place undue reliance on the forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.

 

Primary Logo

News Provided by GlobeNewswire via QuoteMedia

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Trading resumes in:

Company: Nevgold Corp.

TSX-Venture Symbol: NAU

All Issues: Yes

Resumption (ET): 11:00 AM

CIRO can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

SOURCE Canadian Investment Regulatory Organization (CIRO) – Halts/Resumptions

Cision View original content: http://www.newswire.ca/en/releases/archive/November2025/06/c8696.html

News Provided by Canada Newswire via QuoteMedia

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Asiamet Resources Limited (AIM: ARS) is pleased to announce that it has reached an agreement to sell its interest in the KSK Project to Norin Mining (Hong Kong) Limited for gross cash consideration of US$105 million (approximately £81 million).

Transaction Highlights

  • Asiamet has entered into a conditional sale and purchase agreement with Norin Mining to sell its interest in the KSK Project for gross consideration of US$105 million on a cash-free, debt-free basis.
  • The sale introduces a well-funded copper producer with specialist skills in copper mine development and processing coupled with high-ESG standards, to advance the Project into mining operations for the benefit of all stakeholders.
  • The sale follows the Company’s comprehensive and competitive two-phase strategic review process conducted with multiple well-qualified counterparties.
  • The sale is binding, subject to satisfying certain conditions precedent, including Shareholder approval and regulatory approvals.
  • The Board unanimously recommends that Shareholders vote in favour of the Disposal Resolution.
  • Shareholders representing, in aggregate, 53.3 per cent. of Asiamet’s issued share capital have irrevocably undertaken (subject to certain conditions) to vote in favour of the Disposal Resolution.
  • The Board currently expects that the net proceeds received from the sale shall be substantially utilised to effect a cash distribution to Shareholders following Completion.

As a result of the size of the Disposal relative to Asiamet, the transaction is deemed a fundamental change of business of the Company for the purposes of Rule 15 of the AIM Rules and is therefore conditional upon the approval of Shareholders. Such approval will be sought at the General Meeting to be held at Bird & Bird LLP, 12 New Fetter Lane, London EC4A 1JP at 10.00 a.m. on 29 January 2026. The Company advises that it has today posted to Shareholders the Circular, together with a notice convening the General Meeting and Form of Proxy, to vote on the proposed resolutions.

Further details of the proposals are set out in the extract from the Circular set out below, including the expected timetable of principal events and definitions. Shareholders are strongly encouraged to read the Circular in full, which will shortly be available on the Company’s website www.asiametresources.com.

Tony Manini, Chair of Asiamet, commented:

This is a landmark transaction for Asiamet and its shareholders. The sale of our interest in the KSK Project to Norin Mining represents the culmination of many years of work to advance this asset to a stage where it is ready to be developed into an operating mine by a well-capitalised and technically capable copper producer. The Asiamet Board considers the agreed value fairly reflects the current stage, quality and potential of the project and delivers a strong return for our shareholders.

Advisers and Counsel

Grant Samuel is acting as lead financial adviser and A&O Shearman is acting as legal adviser to Asiamet.

ON BEHALF OF THE BOARD OF DIRECTORS

Tony Manini, Chair

For further information, please contact:

Tony Manini
Chair, Asiamet Resources Limited
Email: tony.manini@asiametresources.com

Darryn McClelland
Chief Executive Officer, Asiamet Resources Limited
Email: darryn.mcclelland@asiametresources.com

Investor Enquiries

Sasha Sethi
Telephone: +44 (0) 7891 677 441
Email: Sasha@flowcomms.com / info@asiametresources.com

Nominated & Financial Adviser
Strand Hanson Limited

James Spinney / James Dance / Rob Patrick
Telephone: +44 20 7409 3494
Email: asiamet@strandhanson.co.uk

Broker

Shore Capital

Toby Gibbs / George Payne
Telephone: +44 20 7408 4050

Source

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