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FALCO ANNOUNCES CLOSING OF BROKERED PRIVATE PLACEMENT

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/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES /

TSXV – FPC

Falco Resources Ltd. (TSXV: FPC) (‘ Falco ‘ or the ‘ Corporation ‘) is pleased to announce the closing of its previously announced ‘best efforts’ brokered private placement (the ‘ Offering ‘) with Cantor Fitzgerald Canada Corporation, acting as sole agent and sole bookrunner (the ‘ Agent ‘). Pursuant to the Offering, Falco has issued an aggregate of 24,000,000 units of the Corporation (the ‘ Units ‘) at a price of C$0.25 per Unit, for aggregate gross proceeds of C$6,000,000 .

Each Unit consists of one common share (each, a ‘ Common Share ‘) of the Corporation and one common share purchase warrant (each, a ‘ Warrant ‘). Each Warrant is exercisable to acquire one Common Share at a price of C$0.35 at any time on or before that date which is 60 months after the closing date of the Offering.

The Corporation intends to use the net proceeds from the sale of Units for the advancement of the Horne 5 Project and for working capital and general corporate purposes.

In connection with the closing of the Offering, the Corporation paid the Agent a cash commission totaling C$324,000 and has issued the Agent 1,152,000 non-transferrable compensation warrants (each, a ‘ Broker Warrant ‘). Each Broker Warrant entitles the Agent to purchase one Common Share of the Corporation at an exercise price of C$0.25 per Broker Warrant at any time for a term of 24 months following the date of issuance.

All Common Shares and Warrants issued pursuant to the Offering are subject to a hold period of four months plus one day from the date of issuance of such securities under applicable securities laws in Canada .

A related party of the Corporation subscribed for 1,790,000 Units under the Offering. A transaction with a related party of the Corporation constitutes a ‘related party transaction’ within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (‘ MI 61-101 ‘). The Corporation is relying on exemptions from the formal valuation requirements of MI 61-101 pursuant to section 5.5(a) and the minority shareholder approval requirements of MI 61-101 pursuant to section 5.7(1)(a) in respect of such related party participation as the fair market value of the transaction, insofar as it involves interested parties, does not exceed 25% of the Corporation’s market capitalization. The Corporation did not file a material change report 21 days prior to closing of the Offering, as the related party’s participation had not been confirmed at that time and the Company wished to close the transaction as soon as practicable for sound business reasons.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or in any other jurisdiction in which such offer, solicitation or sale would be unlawful. The securities have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements thereunder.

About Falco

Falco Resources Ltd. is one of the largest mineral claim holders in the Province of Québec, with extensive land holdings in the Abitibi Greenstone Belt. Falco owns approximately 67,000 hectares of land in the Noranda Mining Camp, which represents 67% of the entire camp and includes 13 former gold and base metal mine sites. Falco’s principal asset is the Horne 5 Project located under the former Horne mine that was operated by Noranda from 1927 to 1976 and produced 11.6 million ounces of gold and 2.5 billion pounds of copper. Osisko Development Corp. is Falco’s largest shareholder owning a 16% interest in the Corporation.

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 press release .

Cautionary Statement on Forward-Looking Information

This news release contains forward-looking statements and forward-looking information (together, ‘forward-looking statements’) within the meaning of applicable Canadian securities laws, which may include, but is not limited to, statements with respect to anticipated business plans or strategies. Statements, other than statements of historical facts, may be forward-looking statements. Often, but not always, forward-looking statements can be identified by words such as ‘plans’, ‘expects’, ‘seeks’, ‘may’, ‘should’, ‘could’, ‘will’, ‘budget’, ‘scheduled’, ‘estimates’, ‘forecasts’, ‘intends’, ‘anticipates’, ‘believes’, or variations including negative variations thereof of such words and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved. Without limiting the generality of the foregoing statements, the proposed use of the proceeds of the Offering is a forward-looking statement. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual plans, results, performance or achievements of Falco to differ materially from any future plans, results, performance or achievements expressed or implied by the forward-looking statements. These risk and uncertainties include, but are not limited to, the risk factors set out in Falco’s annual and/or quarterly management discussion and analysis and in other of its public disclosure documents filed on SEDAR+ at www.sedarplus.ca , as well as all assumptions regarding the foregoing. Although Falco believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Except where required by applicable law, Falco disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

SOURCE Falco Resources Ltd.

Cision View original content: http://www.newswire.ca/en/releases/archive/December2024/20/c9019.html

News Provided by Canada Newswire via QuoteMedia

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Skyharbour Announces Closing of Private Placement for Gross Proceeds of C$10 Million

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Not For Distribution to U.S. News Wire Services or Dissemination in The United States

Vancouver, BC, Dec. 20, 2024 (GLOBE NEWSWIRE) — Skyharbour Resources Ltd.  (TSX-V: SYH ) (OTCQX: SYHBF )   (Frankfurt: SC1P ) (‘Skyharbour’ or the ‘Company’) is pleased to announce that is has closed the brokered private placement previously announced by the Company on December 2, 2024, as upsized on December 3, 2024 (the ‘Brokered Offering’), and has additionally closed a concurrent non-brokered private placement (the ‘Non-Brokered Offering’, and together with the Brokered Offering, the ‘Offering’), for aggregate gross proceeds to the Company of C$10,020,000.

Jordan Trimble, President and CEO of Skyharbour, stated: ‘Skyharbour is very well-funded for its drilling and exploration plans in 2025, with the majority of the Offering placed with several strategic institutional and corporate investors. Over the next year, the Company anticipates the largest combined drilling and exploration campaign at its core projects of Russell Lake and Moore. This will follow up on successful drilling in 2024 at both projects, which included high-grade drill results and new uranium discoveries. The Company also expects continuous cash and share payments, as well as news flow, from its prospect generator business, consisting of partner companies advancing numerous other uranium projects throughout the Athabasca Basin.’

The Brokered Offering was completed through a syndicate of agents co-led by Haywood Securities Inc. and Red Cloud Securities Inc. (collectively, the ‘Agents’). Pursuant to the Brokered Offering, the Company issued: (i) 5,000,000 hard dollar units of the Company (the ‘Units’) at a price of C$0.40 per Unit; (ii) 2,368,420 charity flow-through shares (the ‘Charity FT Shares’) at a price per Charity FT Share of C$0.59; and (iii) 13,310,070 traditional flow-through shares (the ‘Traditional FT Shares’) at a price per Traditional FT Share of C$0.46, for aggregate gross proceeds under the Brokered Offering of C$9,520,000.

Additionally, the Company has completed a concurrent Non-Brokered Offering through the issuance of 1,250,000 Units at C$0.40 per Unit, for additional gross proceeds under the Non-Brokered Offering of C$500,000 with one strategic investor.

Each Unit consists of one common share of the Company (a ‘Share’) plus one-half of one common share purchase warrant (each whole such warrant, a ‘Warrant’). Each Warrant entitles the holder thereof to purchase one Share (a ‘Warrant Share’) at an exercise price of C$0.55 until June 20, 2027.

The gross proceeds from the sale of the Charity FT Shares and the Traditional FT Shares will be used by the Company to incur eligible ‘Canadian exploration expenses’ that qualify as ‘flow-through critical mineral mining expenditures’ as both terms are defined in the Income Tax Act (Canada), and will also be used to incur ‘eligible flow-through mining expenditures’ as defined in The Mineral Exploration Tax Credit Regulations, 2014 (Saskatchewan) (collectively, the ‘Qualifying Expenditures’) related to the Company’s projects in Saskatchewan, on or before December 31, 2025, and to renounce all Qualifying Expenditures in favour of such subscribers effective December 31, 2024. The net proceeds from the sale of Units will be used for the 2025 exploration and drilling programs at the Company’s uranium projects in Saskatchewan, as well as for general working capital purposes.

The Offering was conducted in accordance with available prospectus exemptions pursuant to applicable Canadian securities laws, with the securities issuable under the Offering subject to a statutory hold period expiring on April 21, 2025.

In consideration for the services provided by the Agents in connection with the Brokered Offering, on closing the Company paid to the Agents a cash commission of 6.5% of the gross proceeds raised under the Brokered Offering, and issued to the Agents compensation options equal to 6.5% of the total number of securities sold under the Brokered Offering (the ‘Compensation Options’), other than with respect to president’s list orders for which a 3.25% cash fee was paid and 3.25% Compensation Options were issued. Each Compensation Option is exercisable at C$0.50 until June 20, 2027. In connection with the Brokered Offering, the Company paid aggregate cash commission fees of $589,550 and issued 1,294,525 Compensation Options. No fees were paid in connection with the Non-Brokered Offering.

Directors and officers of the Company subscribed for an aggregate of C$49,900 in gross proceeds under the Offering. Participation by insiders of the Company constitutes a ‘related party transaction’ under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (‘MI 61-101’). Pursuant to sections 5.5(b) and 5.7(1)(a) of MI 61-101, the Company is exempt from obtaining formal valuation and minority approval of the Company’s shareholders respecting the purchase of securities under the Offering by related parties as the fair market value of securities to be purchased under the Offering is below 25% of the Company’s market capitalization as determined in accordance with MI 61-101.

The securities offered have not been, nor will they be, registered under the U.S. Securities Act, as amended, or any state securities law, and may not be offered, sold or delivered, directly or indirectly, within the United States, or to or for the account or benefit of U.S. persons, absent registration or an exemption from such registration requirements. This news release does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of securities in any state in the United States in which such offer, solicitation or sale would be unlawful.

About Skyharbour Resources Ltd.:

Skyharbour holds an extensive portfolio of uranium exploration projects in Canada’s Athabasca Basin and is well positioned to benefit from improving uranium market fundamentals with interest in twenty-nine projects, ten of which are drill-ready, covering over 580,000 hectares (over 1.4 million acres) of land. Skyharbour has acquired from Denison Mines, a large strategic shareholder of the Company, a 100% interest in the Moore Uranium Project, which is located 15 kilometres east of Denison’s Wheeler River project and 39 kilometres south of Cameco’s McArthur River uranium mine. Moore is an advanced-stage uranium exploration property with high-grade uranium mineralization at the Maverick Zone that returned drill results of up to 6.0% U 3 O 8 over 5.9 metres, including 20.8% U 3 O 8 over 1.5 metres at a vertical depth of 265 metres. Adjacent to the Moore Project is the Russell Lake Uranium Project, in which Skyharbour is an operator with joint-venture partner Rio Tinto. The project hosts several high-grade uranium drill intercepts over a large property area with robust exploration upside potential. The Company is actively advancing these projects through exploration and drill programs.

Skyharbour also has joint ventures with industry leader Orano Canada Inc., Azincourt Energy, and Thunderbird Resources at the Preston, East Preston, and Hook Lake Projects respectively. The Company also has several active earn-in option partners, including CSE-listed Basin Uranium Corp. at the Mann Lake Uranium Project; CSE-listed Medaro Mining Corp. at the Yurchison Project; TSX-V listed North Shore Uranium at the Falcon Project; UraEx Resources at the South Dufferin and Bolt Projects; Hatchet Uranium at the Highway Project; Mustang Energy at the 914W Project; and TSX-V listed Terra Clean Energy at the South Falcon East Project which hosts the Fraser Lakes Zone B uranium and thorium deposit. In aggregate, Skyharbour has now signed earn-in option agreements with partners that total over $41 million in partner-funded exploration expenditures, over $30 million worth of shares being issued, and over $22 million in cash payments coming into Skyharbour, assuming that these partner companies complete their entire earn-ins at the respective projects.

Skyharbour’s goal is to maximize shareholder value through new mineral discoveries, committed long-term partnerships, and the advancement of exploration projects in geopolitically favourable jurisdictions.

Skyharbour’s Uranium Project Map in the Athabasca Basin:

https://www.skyharbourltd.com/_resources/images/SKY_SaskProject_Locator_2024-02-14_V2.jpg

To find out more about Skyharbour Resources Ltd. (TSX-V: SYH) visit the Company’s website at www.skyharbourltd.com .

Skyharbour Resources Ltd.

‘Jordan Trimble’

Jordan Trimble

President and CEO

For further information contact myself or:
Nicholas Coltura
Investor Relations Manager
‎Skyharbour Resources Ltd.
‎Telephone: 604-558-5847
‎Toll Free: 800-567-8181
‎Facsimile: 604-687-3119
‎Email: info@skyharbourltd.com

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

Forward-Looking Information

This news release contains ‘forward‐looking information or statements’ within the meaning of applicable securities laws, which may include, without limitation, the intended use of proceeds from the Offering, the ability of the Company to renounce Qualifying Expenditures in favour of the subscribers, tax treatment of the Charity FT Shares and the Traditional FT Shares, future results of operations, performance and achievements of the Company, completing ongoing and planned work on its projects including drilling and the expected timing of such work programs, and other statements relating to the technical, financial and business prospects of the Company, its projects and other matters. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. 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. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of uranium, the ability to achieve its goals, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms. Such forward-looking information reflects the Company’s views with respect to future events and is subject to risks, uncertainties and assumptions, including the risks and uncertainties relating to the interpretation of exploration results, risks related to the inherent uncertainty of exploration and cost estimates and the potential for unexpected costs and expenses, and those filed under the Company’s profile on SEDAR+ at www.sedarplus.ca. Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, adverse weather or climate conditions, failure to obtain or maintain all necessary government permits, approvals and authorizations, failure to obtain or maintain community acceptance (including First Nations), decrease in the price of uranium and other metals, increase in costs, litigation, and failure of counterparties to perform their contractual obligations. The Company does not undertake to update forward‐looking statements or forward‐looking information, except as required by law. 



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House Weaponization panel releases 17,000-page report exposing ‘two-tiered system of government’

						
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 The House Select Subcommittee on the Weaponization of the Federal Government released a more than 17,000-page report detailing its work this Congress, touting their success in protecting Americans against censorship of speech and the weaponization of federal law enforcement agencies, Fox News Digital has learned. 


Fox News Digital obtained the 17,019-page report compiled by the subcommittee, which falls under the House Judiciary Committee, led by Chair Jim Jordan, R-Ohio. 


‘The Weaponization Committee conducted rigorous oversight of the Biden-Harris administrations weaponized government and uncovered numerous examples of federal government abuses,’ Jordan told Fox News Digital. ‘Through our oversight, we protected the First Amendment by investigating the censorship-industrial-complex, heard from numerous brave whistleblowers, stopped the targeting of Americans by the IRS and Department of Justice, and created serious legislative and policy changes that will benefit all Americans.’ 


The report, first obtained by Fox News Digital, states that the ‘founding documents of the United States articulate the ideals of the American republic and guarantee to all American citizens fundamental rights and liberties. 


‘For too long, however, the American people have faced a two-tiered system of government—one of favorable treatment for the politically-favored class, and one of intimidation and unfairness for the rest of American citizens,’ it continues. ‘Under the Biden-Harris Administration, the contrast between these two tiers has become even more stark.’ 



The committee was created to ‘stand up for the American people,’ the report says, highlighting its work to ‘bring abuses by the federal government into the light for the American people and ensure that Congress, as their elected representatives, can take action to remedy them.’ 


The mission of the subcommittee was to ‘protect and strengthen the fundamental rights of the American people,’ the report said, noting that by investigating, uncovering and documenting executive branch misconduct, lawmakers on the panel have taken ‘important steps to ensure that the federal government no longer works against the American people.’ 


‘This work is not complete, but it is a necessary first step to stop the weaponization of the federal government,’ the report states. 


The committee, from its inception, says it has been working to protect free speech and expand upon the constitutional protections of the First Amendment. 



‘Throughout the Biden-Harris administration, multiple federal agencies, including the White House, have engaged in a vast censorship campaign against so-called mis-, dis-, or malinformation,’ the report states, noting that the subcommittee revealed the extent of the ‘censorship-industrial complex,’ and detailed how the federal government and law enforcement coordinated with academics, nonprofits, and other private entities to censor speech online.’ 


The panel is touting its work, saying its oversight has ‘had a real effect in expanding the First Amendment.’ 


‘In a Supreme Court dissent, three justices noted how the Select Subcommittee’s investigation revealed that ‘valuable speech was..suppressed,’’ the report states. 



And in a letter to the subcommittee, Facebook and Meta CEO Mark Zuckerberg admitted that the Biden-Harris administration ‘pressured’ Facebook to censor Americans. 


‘Facebook gave in to this pressure, demoting posts and content that was highly relevant to political discourse in the United States,’ the report states. 


And in another win for the subcommittee, in response to its work, universities and other groups shut down their ‘disinformation’ research, and federal agencies ‘slowed their communications with Big Tech.’ 



The committee also celebrated a ‘big win’ in October after it prevented the creation of a new ‘GARM,’ an advertising association that engaged in censorship and boycotts of conservative media companies. The committee revealed, before it was disbanded, that GARM had been discussing ways to ensure conservative news outlets and platforms could not receive advertising dollars and were engaged in boycotts of conservative voices and Twitter once it became ‘X’ under the ownership of Elon Musk. 


Meanwhile, the subcommittee also investigated the alleged weaponization of federal law enforcement resources. 


In speaking with a number of whistleblowers, the subcommittee learned of waste, fraud and abuse at the FBI. 


‘When these whistleblowers came forward, the bureau brutally retaliated against many of them for breaking ranks—suspending them without pay, preventing them from seeking outside employment, and even purging suspected disloyal employees,’ the report states, noting that the subcommittee revealed that the FBI ‘abused its security clearance adjudication process to target whistleblowers.’ 


The report references the FBI’s response, in which the bureau admitted its ‘error’ and reinstated the security clearance of one decorated FBI employee. 






Restoring the FBI starts with leadership and the president: Jordan 






The subcommittee also was tasked with investigating the executive branch’s actions in ‘intruding and interfering with Americans’ constitutionally protected activity.’ 


For example, the subcommittee revealed ‘and stopped’ the FBI’s effort to target Catholic Americans because of their religious views; detailed the DOJ’s directives to target parents at school board meetings; stopped the Internal Revenue Service from making ‘unannounced visits to American taxpayers’ homes;’ caused the DOJ to change its internal policies to ‘respect the separation of powers and limit subpoenas for Legislative Branch employees; and highlighted the ‘vast warrantless surveillance of Americans by federal law enforcement.’ 


The panel also investigated the federal government’s election interference, highlighting the FBI’s ‘fervent efforts to ‘prebunk’ a story about the Biden family’s influence peddling scheme in the lead-up to the 2020 presidential election.’ 



The panel also investigated and demonstrated how the 2020 Biden campaign ‘colluded with the intelligence community to falsely discredit this story as ‘Russian disinformation.’’






Biden knew laptop was not Russian disinformation: Turner 






The report includes a list of hearings the subcommittee held, letters sent by the subcommittee and subpoenas issued by the panel.


It also includes depositions and transcribed interviews conducted by the subcommittee. The subcommittee conducted 99 depositions and transcribed interviews during this Congress.


Depositions and interviews included in the massive report are of former FBI officials and CIA officials, like former Director John Brennan, former prosecutor in the Manhattan District Attorney’s Office involved in the original hush money probe against President Trump, Mark Pomerantz, and interviews with Facebook, Meta and Google officials.




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DAVID MARCUS: Saving America from bad spending bills is exactly why Trump tapped Musk.

						
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It was former President Obama who famously quipped that ‘elections have consequences,’ and one of the consequences of the 2024 election is that President-elect Donald Trump asked Elon Musk and Vivek Ramaswamy to help him straighten out the government’s books.


Now, just days before Christmas, the United States is staring down a federal government shutdown as Democrats cling to power while the hourglass runs out on the 118th Congress, all because Musk exposed the bloated spending being proposed to fund the feds.



‘We had a deal!’ the Democrats whine. And they did have a terrible, pork-laden, censorship-riddled, and at 1,500 pages, needlessly long disaster of a bill, that Republican Speaker of the House Mike Johnson never should have agreed to in the first place. 


The purpose of the continuing resolution that Congress is struggling to pass is to keep the lights on until March, when a new Republican-controlled Senate will be in power and Trump will be in the White House. Instead, as Musk rightly pointed out, we got, if not an omnibus bill, at least an omni-minivan bill, bloated to the gills.


In Washington, the most typical route is the path of least resistance, and Republicans figured they could give in to one last big Biden spending package before Trump takes over. But that was when Musk and Ramaswamy stepped in.


On Wednesday, just hours before a planned vote in the House of Representatives, Musk started firing off X posts about every 30 seconds or so, decrying the congressional pay raise hidden in the bill, and the money to fund the Global Engagement Center, a sham operation that censors conservatives, along with a plethora of other pork.


Proving the power of Trump and new media forms such as X, the ship of state started to turn almost immediately, away from the shambolic ‘everything’ bill towards a cleaner, ‘plain’ continuing resolution that just funds the basics.


On Thursday night, every single Democrat in the House voted against that bill, along with 38 bloody-minded objectors in the Republican caucus.


First, as to the recalcitrant Republican no votes, let’s take Rep. Chip Roy, as an example. If he was dying, and Congress voted on a ‘save Chip Roy’s life’ bill, the congressman from Texas would be a hard ‘no’ if there weren’t spending offsets. It’s just who he is.


This is to say that the GOP ‘no’ votes were baked into the cake, and Democrats thought they could use them to push through their CVS receipt of absurd and expensive demands.


And they would have gotten away with it too, if it wasn’t for those meddlesome kids, Musk and Ramaswamy.


Come Saturday, the government may be shut down. If it is, it will not be the fault of Republicans who have now put a perfectly reasonable bill on the floor, but of Democrats who prize their own power more than federal employees being paid on Christmas week.


Elections have consequences, and Trump was clear that, if elected, outsiders like Musk and Ramaswamy were going to have not just a seat at the table, but real power and influence in furtherance of the Trump agenda.



Perhaps more than anything, what voters were asking for when they handed the keys of the state back to Trump on Election Day was change. Anything but more of the same. And this week, that is exactly what the voters got.


Make no mistake, Trump is taking a real political risk here. Democrats are going to do all they can now to blame him for the shutdown, paint him as Musk’s puppet and to stir up rank partisanship to dampen the optimism and enthusiasm ahead of the inauguration.


But what Trump and Musk are both counting on is that this kind of radical change, as much as it looks like chaos, is exactly what voters asked for. 


Politicians are ultimately judged on results, not tactics. As ugly as the scene in Congress is right now, the result, the death of a terrible spending package, should bring results that Americans will eventually cheer.





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Top Senate Dems pour cold water on latest GOP spending bill plans: ‘Ready to stay’ through Christmas

						
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Top Senate Democrats Majority Leader Chuck Schumer, D-N.Y., and Senate Appropriations Committee Chairwoman Patty Murray, D-Wash., made clear they only intend to move forward on the original stopgap spending bill plan that Republicans scrapped after pressure from billionaire Elon Musk and President-elect Donald Trump.


Murray said she is prepared for a partial government shutdown and to stay in Washington D.C., for the Christmas holiday if Republicans do not return to the original short-term spending bill that was released earlier this week and subsequently killed after Musk and others publicly opposed its provisions.


‘I’m ready to stay here through Christmas because we’re not going to let Elon Musk run the government,’ she said in a Friday morning statement, hours before the government could be sent into a partial shutdown if a bill is not passed. 



As of Thursday, the U.S. national debt was at $36,167,604,149,955.61 and continues to climb rapidly. 


‘Put simply, we should not let an unelected billionaire rip away research for pediatric cancer so he can get a tax cut or tear down policies that help America outcompete China because it could hurt his bottom line. We had a bipartisan deal-we should stick to it,’ Murray said. 


In floor remarks on Friday morning, Schumer said, ‘if Republicans do not work with Democrats in a bipartisan way very soon, the government will shut down at midnight.’


‘It’s time to go back to the original agreement we had just a few days ago. It’s time the House votes on our bipartisan CR. It’s the quickest, simplest and easiest way we can make sure the government stays open while delivering critical emergency aid to the American people.’


He also said that if Speaker Mike Johnson were to put the original bill on the House floor for a vote, ‘it would pass, and we could put the threat of a shutdown behind us.’



Murray added, ‘The deal that was already agreed to would responsibly fund the government, offer badly needed disaster relief to communities across America, and deliver some good bipartisan policy reforms. The American people do not want chaos or a costly government shutdown all because an unelected billionaire wants to call the shots — I am ready to work with Republicans and Democrats to pass the bipartisan deal both sides negotiated as soon as possible.’ 


After Musk and conservatives railed against the 1,547-page bill, President-elect Donald Trump and Vice President-elect JD Vance ultimately condemned it as well, killing whatever chance it had left. 


Murray’s Friday statement came shortly after it was revealed that House Republicans were planning a new continuing resolution (CR) vote in the morning on a different proposal. It’s unclear whether negotiations are taking place across party lines or bicamerally, however. 



Rep. Anna Paulina Luna, R-Fla., told reporters Friday morning that House Republicans were ‘very close to a deal’ and that a vote could happen in the morning.


However, if that deal is not the original stopgap spending bill, it sounds like Murray and Democrats in the Senate would be prepared to oppose it. 


Murray also isn’t the only one who says they are prepared to let the government’s funding expire before the holiday. Several Republicans have expressed their willingness to let it shut down if Republicans aren’t able to get a better deal. 



Trump himself wrote on Truth Social Friday morning, ‘If there is going to be a shutdown of government, let it begin now, under the Biden Administration, not after January 20th, under ‘TRUMP.’ This is a Biden problem to solve, but if Republicans can help solve it, they will!’


Congress must pass a measure, and it must be signed by President Biden by midnight on Saturday morning in order to avoid a partial shutdown. 




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Brunswick Exploration Closes Upsized Non-Brokered Private Placement of $4.8M

						
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 NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES 


Brunswick Exploration Inc. (TSX-V: BRW, OTCQB: BRWXF; FRANKFURT:1XQ; ‘ BRW ‘ or the ‘ Company ‘) is pleased to announce the closing of its previously announced non-brokered private placement (the ‘ Offering ‘) which was upsized with aggregate gross proceeds of $4,809,370.20 from the sale of the following:


    

  •  11,755,382 Common Shares of the Corporation (each, a ‘  Common Share  ‘) sold to Québec purchasers as ‘flow-through shares’ within the meaning of the  Income Tax Act  (Canada) (the ‘  Tax Act  ‘) and the  Taxation Act  (Québec) (the ‘  Québec Tax Act  ‘) (each, a ‘  Québec FT Share  ‘) at a price of $0.23 per Québec FT Share for gross proceeds of $2,703,737.86; 
    • 

  •  4,837,242 Common Shares sold to Canadian purchasers as ‘flow-through shares’ within the meaning of the Tax Act (each, a ‘  National   FT Share  ‘) at a price of $0.215 per National FT Share for gross proceeds of $1,040,007.03; and 
    • 

  •  3,437,501 Common Shares sold to Canadian purchasers as ‘Charity flow-through shares’ (each, a ‘  Charity   FT Share  ‘, and collectively with the Québec FT Shares and the National FT Shares, the ‘  Offered Shares  ‘) at a price of $0.31 per Charity FT Share for gross proceeds of $1,065,625.31. 
    • 



 Mr. Killian Charles, President and CEO, commented: ‘I’m pleased to see such strong support from existing shareholders and board members in this financing. With this fresh injection of capital, BRW will continue to advance its Mirage Project alongside the rest of its Quebec portfolio in a financially sustainable fashion. Looking to 2025, we will announce final results from our Q3 2024 drill campaign at Mirage alongside metallurgical results. This will then lead to a new winter drill campaign at Mirage; more details on this campaign will be shared in January.’ 



 In connection with the Offering, the Corporation paid finder’s fees to arm’s length third parties in an amount of $170,872.79. 


 Insiders of the Corporation participated in the Offering and were issued an aggregate of 2,887,501 Common Shares. Such participation in the Offering is a ‘related party transaction’ as defined in  Regulation 61-101 respecting Protection of Minority Security Holders in Special Transactions  (‘Regulation 61-101’). The Offering is exempt from the formal valuation and minority shareholder approval requirements of Regulation 61-101 as neither the fair market value of the securities issued to insiders nor the consideration for such securities by insiders exceed 25% of the Corporation’s market capitalization. 


 The Offering remains subject to the final approval of the TSX Venture Exchange (‘  TSX-V  ‘). 


 The Offered Shares are subject to a statutory four month and one day hold period. The Offered Shares have not been, and will not be, registered under the United States Securities 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 U.S. Securities 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. 


 About Brunswick Exploration


Brunswick Exploration is a Montreal-based mineral exploration company listed on the TSX-V under symbol BRW. The Corporation is focused on grassroots exploration for lithium, a critical metal necessary to global decarbonization and energy transition. The Corporation is rapidly advancing the most extensive grassroots lithium property portfolio in Canada and in Greenland. 


 Investor Relations/information 


 Mr. Killian Charles, President (  info@BRWexplo.com  ) 


 Cautionary Statement on Forward-Looking Information 


 This news release contains ‘forward-looking information’ within the meaning of applicable Canadian securities legislation based on expectations, estimates and projections as at the date of this news release. Such forward-looking information includes, but is not limited to, statements concerning the Corporation’s expectations with respect to the use of proceeds and the use of the available funds following completion of the Offering. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, delays in obtaining or failures to obtain required governmental, environmental or other project approvals; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; inflation; fluctuations in commodity prices; delays in the development of projects; the other risks involved in the mineral exploration and development industry; and those risks set out in the Corporation’s public documents filed on SEDAR+ at www.sedarplus.ca. Although the Corporation believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Corporation disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law. 


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




Primary Logo






News Provided by GlobeNewswire via QuoteMedia





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Three Big Negatives Overshadow the Uptrends in SPY and QQQ

						
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SPY and QQQ remain in long-term uptrends, but three big negatives are currently hanging over the stock market. Two negatives are tied to important cyclical groups and the third is reminiscent of summer 2022. The semiconductor business is cyclical and the Semiconductor ETF (SOXX) is one of the weakest industry group ETFs. Housing is an important part of the domestic economy and the Home Construction ETF (ITB) broke down. On top of this, the 10-yr Treasury Yield is breaking out and appears headed back to 5%, just as it did in summer 2022. The charts below tell the story.  
The Semiconductor ETF (SOXX) remains in a long-term downtrend. The chart below shows SOXX breaking down in July, forming a rising wedge into October and breaking wedge support at the end of October. Notice how this wedge retraced around 61.8% of the July decline and met resistance near the July support break. This advance was a counter-trend bounce and the wedge break signals a continuation lower. This is negative for semis, and by extension, the Technology sector and QQQ. 
We recently covered weakening breadth and oversold conditions in two breadth indicators. These indicators could remain oversold. As such, we are setting bullish thresholds to distinguish between a robust bounce and a dead cat bounce.  Click here to take a trial to Chart Trader and get two bonus reports!
The Home Construction ETF (ITB) failed to hold its late November breakout and reversed its long-term uptrend this month. ITB surged in November with a momentum thrust, similar to the July breakout. The July breakout held and ITB hit new highs in mid October. The November breakout, in contrast, failed as the ETF broke support and the 200-day SMA in December. ITB is in a long-term downtrend, which is negative for housing, and by extension, the Consumer Discretionary sector and the broader market.  
The 10-yr Treasury Yield is on the rise as it broke out of a 13 month falling channel, which was in place since November 2023. This breakout targets a move toward the October 2023 high around 5%. The chart below shows the falling channel extending from October 2023 to December 2024. TNX hit the upper line in late November and fell rather sharply into early December. The yield firmed in the 41-42 area (4.1%-4.2%) as a falling flag took shape. TNX broke out of the flag on December 11th and followed through with a channel breakout this week. This move reverses the long-term downtrend and argues for a higher 10-yr Treasury Yield. Much like summer 2022, this could weigh on stocks. 
Even though SPY and QQQ are still in long-term uptrends, this negative trifecta will likely weigh on the market. Small-caps and mid-caps were slammed this week and breadth has been deteriorating for a few weeks. Our breadth models at TrendInvestorPro have yet to signal a bear market, but we will watch them closely in the coming days and weeks. 
Click here to take a trial to Chart Trader and get two bonus reports!
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Iran expands weaponization capabilities critical for employing nuclear bomb

						
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The Islamic Republic of Iran has continued its pursuit of obtaining a nuclear weapon by not only stockpiling enriched uranium to near-weapons grade purity, it has expanded its covert actions in developing its weaponization capabilities. 


According to information obtained by sources embedded in the Iranian regime and supplied to the National Council of Resistance of Iran (NCRI), an opposition organization based out of D.C. and Paris, there are indications that Tehran has once again renewed efforts to advance its ability to detonate a nuclear weapon.


At the head of Iran’s detonators program is an organization the NCRI has dubbed METFAZ, which is the Farsi acronym for the Center for Research and Expansion of Technologies on Explosions and Impact, and its recent movements at a previously deactivated site, known as Sanjarian, has drawn immense speculation.



‘Our information shows the METFAZ has expanded its activities, intensified activities, and their main focus is basically the detonation of the nuclear bomb,’ Alireza Jafarzadeh, deputy director of the NCRI in the U.S., told Fox News Digital. ‘When you make a bomb, you have the fissile material at the center of it, but you need to be able to trigger it, to detonate it, and that’s a sophisticated process.


‘It’s important to see what METFAZ does and follow their activities because that is sort of like a gauge on figuring out where the whole nuclear weapons program is,’ he added. 


Iran has at least a dozen sites across the country dedicated to nuclear development, weaponization, research and heavy water production, but information shared with Fox News Digital suggests that there has been an increase in covert activity in at least two of these locations, including Sanjarian, which was once one of Iran’s top weaponization facilities. 


The Sanjarian site, located roughly 25 miles east of Tehran and once central to Iran’s nuclear program under what is known as the Amad Plan, was believed to have been largely inactive between 2009 and late 2020 after stiff international pushback on Iran’s nuclear program.


Though by October 2020 renewed activity had returned to the area under the alleged guise of a filming team, first captured through satellite imagery and which the Islamic Republic used to justify why vehicles had reportedly been regularly parked outside the formerly top nuclear site. 


In 2022, trees were planted along the entrance road to the compound, effectively blocking satellite imagery from monitoring vehicles stationed there, before a security gate was then believed to have been installed in May 2023, according to information also verified by the Institute for Science and International Security. 


Now, according to details supplied by on-the-ground sources to the NCRI this month, top nuclear experts have been seen regularly visiting the site since April 2024 and are believed to be operating under the front company known as Arvin Kimia Abzaar, which claims to be affiliated with the oil and gas industry, a sector in which Iran has long attempted to conceal its activities. 



Jafarzadeh said one of the executives of the Arvin Kimia Abzaar company is Saeed Borji, who has been a well-known member of the Islamic Revolutionary Guard Corps since 1980 and has long headed METFAZ.


METFAZ falls under Iran’s Organization of Defensive Innovation and Research, which is widely known to security experts as the organization spearheading Iran’s nuclear development and is suspected of using the Sanjarian site for renewed research on exoloding bridgewire (EWB) detonators. 



Iran has previously attempted to conceal its EBW detonators program, a system first invented in the 1940s to deploy atomic warheads but which has expanded into non-military sectors, under activities relating to the oil industry.


In a 2015 report, the United Nations nuclear watchdog, the International Atomic Energy Agency (IAEA), noted that Iran’s detonator development was an ‘integral part of a program to develop an implosion-type nuclear explosive device.’


It also highlighted how Iran attempted to conceal its program by alleging during a May 20, 2014, meeting that the detonator program dating back to 2000-2003 was related to Tehran’s aerospace industry and was needed to ‘help prevent explosive accidents’ but which the IAEA determined was ‘inconsistent with the timeframe and unrelated to the detonator development program.’


During the same 2014 meeting, Iran claimed that ‘around 2007 its oil and gas industry had identified a requirement for EBW detonators for the development of deep borehole severing devices.’



The IAEA assessed that while the application of EBW detonators, which are fired within ‘sub-microsecond simultaneity,’ are ‘not inconsistent with specialized industry practices,’ the detonators that Iran has developed ‘have characteristics relevant to a nuclear explosive device.’


‘The Iranian regime has really basically, over the years, used deceptive tactics – lies, stalling, playing games, dragging [their feet], wasting time,’ Jafarzadeh said when asked about this report. ‘That’s the way they’re dealing with the IAEA, with the goal of moving their own nuclear weapons program forward without being accountable for anything.’


The IAEA did not respond to Fox News Digital’s questions on the NCRI’s most recent findings, which were shared with the nuclear watchdog this week, and it remains unclear what advancements or research Iran continues to pursue in the detonator field.


‘While the international community and the IAEA have mainly focused on the amount and the enrichment level of uranium Tehran possesses, which would provide fissile material for the bomb, the central part, namely the weaponization, has continued with little scrutiny,’ Jafarzadeh told Fox News Digital.


The NCRI also found that METFAZ, which operates out of a military site known as Parchin some 30 miles southeast of Tehran, has expanded its Plan 6 complex where it conducts explosive tests and production.


Parchin, which is made up of several military industrial complexes, was targeted in Israel’s October 2024 strikes. According to the Institute for Science and International Security, the strikes destroyed ‘multiple buildings’ within the complex, including a ‘high explosive test chamber’ known as Taleghan 2.


Iran’s layered approach to its nuclear program, which relies on networks operating under the guise of privately owned companies, false operations and immense ambiguity, has made tracking Tehran’s nuclear program difficult for even agencies dedicated to nuclear security, like the IAEA, Jafarzadeh said.


‘The regime has used deceptive tactics to prevent any mechanism for verification, and it has yet to provide an opportunity or the means for the IAEA to have a satisfactory answer to the inquiries it has raised,’ he told Fox News Digital. ‘Our revelation today shows that the regime has no transparency related to its program for building an atomic bomb and is moving towards building the bomb at a rapid pace.’


The NCRI confirms that neither the Sanjarian site nor Parchin’s Plan 6 have ever been inspected by the IAEA.






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Gold, Silver and Bitcoin Prices Fall as Fed Caps Off Year with Rate Cut

						
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The US Federal Reserve announced an interest rate cut of 25 basis points on Wednesday (December 18), reducing its target range to 4.25 to 4.5 percent in its third reduction of the year.


Policymakers also signaled that only two rate cuts are expected in 2025 versus the four originally forecast. 


In comments after the Fed’s meeting, Chair Jerome Powell emphasized that the Fed will remain cautious next year, focusing on labor market strength and further progress in curbing inflation.  


‘I think the actual cuts that we make next year will not be because of anything we wrote down today. We’re going to react to data; that’s just the general sense of what the committee thinks is likely to be appropriate,’ he said. 






                            Gold, silver and markets fall post-rate cut                                


Financial markets experienced significant volatility following the Fed’s announcement.


The Dow Jones Industrial Average (INDEXDJX:.DJI) dropped by 1,123 points on Wednesday, a 2.58 percent decline, which extended its losing streak to 10 consecutive days — the longest since 1974.


The S&P 500 (INDEXSP:.INX) dropped 178.45 points, or 2.95 percent, ending at 5,872.16.


Meanwhile, the Nasdaq Composite (INDEXNASDAQ:.IXIC) recorded the steepest decline of the three on Wednesday, losing 716.37 points, or 3.56 percent, to close at 19,392.69.


The selloff was triggered by the Fed’s cautious tone and change in its 2025 rate cut projections. Many market participants had anticipated a more aggressive series of reductions, and took the time to reassess their strategies.


Some experts have described the Fed’s move as a “hawkish cut.’ The Fed’s hesitation about future policy shifts has heightened investor uncertainty, leading to widespread profit taking in the market.


Bond yields also rose sharply as investors now expect tighter financial conditions for an extended period.


The gold price experienced volatility, shedding 2 percent following the rate cut, slipping to US$2,585 per ounce. The decline marked the first time the yellow metal has fallen below US$2,600 since mid-November.


While gold rebounded in after-hours trading, sister metal silver fell 3 percent after the rate cut and is holding in the US$29.20 per ounce range.






                            Powell talks Trump and Bitcoin after meeting                                


In a press conference after the Fed’s meeting, Powell addressed questions about how the central bank’s decisions may interact with economic policies proposed by President-elect Donald Trump.


While emphasizing the Fed’s independence, Powell also acknowledged the uncertainty currently surrounding Trump’s proposed tax cuts, tariff increases and immigration measures.


‘It’s very premature to make any kind of conclusions. We don’t know what will be tariffed, from what countries, for how long, in what size,’ Powell explained to reporters on Wednesday. 


That said, he noted that Fed officials have started assessing potential scenarios. Powell also said Trump’s policies could have inflationary effects, particularly through increased tariffs and fiscal stimulus measures.


For instance, the Fed’s projections show economic growth remaining slightly above trend in 2025, with inflation staying above target for at least two more years. The jobless rate is expected to remain low, hovering around 4.3 percent.


These conditions, Powell said, will guide future monetary policy decisions, irrespective of changes in fiscal policy.


He also clarified the central bank’s stance on digital assets, responding to Trump’s campaign discussions on creating a strategic reserve for popular cryptocurrency Bitcoin.


Powell was clear that the Fed is not authorized to own Bitcoin under existing laws, and has no plans to advocate for legislative changes to enable such holdings.


‘That’s the kind of thing for Congress to consider, but we are not looking for a law change at the Fed,’ he said.


Following Powell’s comment, Bitcoin dropped below US$100,000, its steepest decline since September of this year.


Moving forward, the Fed reiterated its goal to bring inflation back to its benchmark 2 percent target.




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




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US diplomats in Damascus for first time in more than 10 years following fall of Assad regime

						
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A group of U.S. officials are in Syria’s capital for the first time in more than 10 years seeking information on American citizens who disappeared under the Assad regime, among other things.


The team visiting Damascus consists of US Special Envoy for Hostage Affairs Roger Carstens, Assistant Secretary of State for Near Eastern Affairs (NEA) Barbara Leaf and NEA Senior Adviser Daniel Rubinstein, a State Department spokesperson told Fox News Digital.


Rubinstein, who previously served as U.S. Special Envoy for Syria and has decades of foreign affairs experience, will lead the diplomatic engagement, the spokesperson confirmed. 


His mission is to engage with the Syrian people and key parties within the country. He also seeks to coordinate with allies to advance principles laid out in a meeting between world leaders in the Jordanian city of Aqaba earlier this month.



The trio will meet with the Syrian people to uncover their vision for their country after the Assad regime fell earlier this month amid an ongoing civil war. They will also ask how the U.S. can help support them in their desired future.


‘They will be engaging directly with the Syrian people, including members of civil society, activists, members of different communities, and other Syrian voices,’ the spokesperson said, in part.


The three officials will also meet with representatives of Hayat Tahrir Al-Sham (HTS), a U.S.-designated terrorist group, to ‘discuss transition principles’ endorsed by the United States and regional partners in Aqaba, Jordan, the State Department said.



Secretary of State Antony Blinken previously noted that world leaders discussed ‘the need for an inclusive, Syrian-led political transition’ during the Aqaba Meetings on Syria in Jordan on Dec. 14.


‘The United States supports a future government in Syria that is chosen by and representatives of all Syrians,’ Blinken said on X.


Another goal of the visit is to determine what has happened to American citizens who disappeared under the Assad regime, including former marine turned freelance journalist Austin Tice, who was kidnapped while reporting in Syria in 2012.


Carstens has been leading the charge to locate Tice and recently shared that Rewards for Justice is offering up to $10 million for information on his whereabouts.


‘Given recent events in Syria, the FBI is renewing our call for information that could lead to the safe location, recovery, and return of Austin Bennett Tice, who was detained in Damascus in August 2012,’ the FBI said in a statement.




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