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Fury erupts as unelected Senate ‘scorekeeper’ blocks Trump’s agenda

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Conservative lawmakers were infuriated on Thursday morning after the Senate’s de facto ‘scorekeeper’ for President Donald Trump’s ‘big, beautiful bill’ ruled that key parts of the GOP agenda bill must be stripped out.

‘The Senate Parliamentarian is not elected. She is not accountable to the American people. Yet she holds veto power over legislation supported by millions of voters,’ Rep. Greg Steube, R-Fla., wrote on X. ‘It is time for our elected leaders to take back control.’

He called on Vice President JD Vance to ‘overrule the Parliamentarian and let the will of the people, not some staffer hiding behind Senate procedure, determine the future of this country.’

The Constitution names the vice president as president of the Senate as well, though it is a largely ceremonial role save for when they are needed to cast a tie-breaking vote in the chamber.

The Senate parliamentarian is typically appointed by the Senate majority leader and serves at their pleasure, with no term limit. 

Their role is to make apolitical judgments about Senate rules and procedure. In the budget reconciliation process, which Republicans are working through now, the parliamentarian’s job is to rule on whether aspects of the bill fall within the necessary guidelines to qualify for reconciliation’s simple majority passage threshold.

However, with several rulings that found key portions of Trump’s agenda do not fall into reconciliation’s budgetary guidelines, Republicans on the other side of Capitol Hill – in the House of Representatives – are urging the Senate to break norms and disregard several of the parliamentarian’s decisions.

‘They ought to heed the advice of the president – don’t change the bill,’ Rep. Ralph Norman, R-S.C., told Fox News Digital earlier this week. 

Meanwhile, Sen. Tommy Tuberville, R-Ala., even called for the parliamentarian to be fired.

‘The Senate Parliamentarian also ruled that ILLEGAL IMMIGRANTS are eligible for federal student loans. Does she not realize that our student loan crisis is already out of control??? ZERO taxpayer dollars should go towards student loans for ILLEGALS,’ he wrote on X.

‘THE SENATE PARLIAMENTARIAN SHOULD BE FIRED ASAP.’

And Rep. Eric Burlison, R-Mo., told Fox News Digital, ‘The House Freedom Caucus fought tooth and nail for Medicaid reforms that would save taxpayers billions and protect the program for those who truly need it. But now, the unelected parliamentarian has struck down key provisions of [the bill.]’

‘The Senate must act quickly to correct this failure,’ Burlison said.

Rep. Jeff Van Drew, R-N.J., wrote on X on Wednesday evening, ‘Respecting the rules matters, but so does respecting the voters. They didn’t give an unelected staffer the power to decide what is in the budget—that’s the job of Congress.’

‘It doesn’t have to be this way. The Republicans senators are not required to adhere to anything she says,’ Van Drew said.

Rep. Keith Self, R-Texas, said on the platform, ‘The rogue Senate Parliamentarian should be overruled, just like activist judges.’

Despite calls from irate House Republicans and some senators, Senate Majority Leader John Thune, R-S.D., has stood firm in his position that he would not seek to overrule the parliamentarian.

‘That would not be a good outcome for getting a bill done,’ he told reporters. 

When asked about the parliamentarian’s ruling on the provider taxes, Thune said that there were things that Republicans can do to get ‘to that same outcome.’ 

‘I mean, we may not have everything that we want in terms of provider tax reforms, but if we can get most of the reforms there, get the savings that come with it,’ he said. ‘This is all about saving taxpayers money and reforming these programs in a way that makes them not only more fiscally sustainable long-term, but strengthening and getting rid of the waste, fraud, and abuse in the programs.’

Senate Democrats vowed to inflict as much pain as possible through the process known as the ‘Byrd Bath,’ which tests if each provision, line-by-line, is compliant with the Byrd Rule that governs the budget reconciliation process. 

So far, Senate Parliamentarian Elizabeth MacDonough has ruled several key provisions, including oil and gas leasing, public land sales, changes to the cost-sharing formula for food benefits, among others, as being out of compliance with the Byrd Rule. 

However, it was a slew of rulings unveiled Thursday morning the gutted numerous changes Senate Republicans made to the widely-used Medicaid program that triggered conservatives. 

Among the axed provisions was the Senate GOP’s harsher crackdown on the Medicaid provider rate, or the amount that state Medicaid programs pay to providers on behalf of Medicaid beneficiaries, which proved even a divisive policy among some in the conference. 

Other provisions that were nixed included denying states Medicaid funding for having illegal immigrants on the benefit rolls, preventing illegal immigrants from participating in Medicaid and the Children’s Health Insurance Program (CHIP), and preventing Medicaid and CHIP funding from going toward gender-affirming care. 

Republicans viewed those as key cost-saving changes, and their removal has likely set back their plan to put the mammoth bill on Trump’s desk by July 4. 

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GOP senator calls for parliamentarian’s firing after serving Medicaid blow to Trump’s ‘big, beautiful bill’

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A Senate Republican wants to see the Senate parliamentarian fired and plans to introduce a resolution that would require the position to be term-limited.

Fury erupted among conservatives Thursday morning following the news that Senate Parliamentarian Elizabeth MacDonough ruled several key reforms and tweaks to Medicaid in the Senate GOP’s version of President Donald Trump’s ‘big, beautiful bill’ did not pass muster with Senate rules.

That means that the current provisions that do not comply with the Byrd Rule must be stripped, but Republicans can still scramble to rewrite and resubmit the policy to the parliamentarian.

However, Sen. Roger Marshall, R-Kan., wants immediate action taken against the parliamentarian.

‘In 2001, Majority Leader Trent Lott fired the Senate parliamentarian during reconciliation,’ Marshall told Fox News Digital. ‘It’s 2025 during reconciliation, and we need to again fire the Senate parliamentarian.’

He argued that, based upon early reports, the parliamentarian’s rulings against myriad provisions in the bill may erase up to $500 billion in spending cuts, which could hamper the bill’s survival among fiscal hawks and miss the goal of hitting up to $2 trillion in spending cuts over the next decade. 

Senate Majority Leader John Thune, R-S.D., has made clear that he did not intend to overrule the parliamentarian. Fox News Digital reached out to the top Senate Republican for comment.

Marshall, like other congressional Republicans, was particularly incensed over the parliamentarian’s rulings that gutted numerous changes Senate Republicans made to the widely-used Medicaid program that triggered conservatives.

Among the axed provisions was the Senate GOP’s harsher crackdown on the Medicaid provider rate, or the amount that state Medicaid programs pay to providers on behalf of Medicaid beneficiaries, which proved a divisive policy among some in the conference.

Other provisions that were nixed included denying states Medicaid funding for having illegal immigrants on the benefit rolls, preventing illegal immigrants from participating in Medicaid and the Children’s Health Insurance Program (CHIP), and preventing Medicaid and CHIP funding from going toward gender-affirming care.

Republicans viewed those as key cost-saving changes, and their removal has likely set back their plan to put the mammoth bill on Trump’s desk by July 4.

The parliamentarian is chosen by the Senate majority leader and serves without term limits in the role.

Marshall wants to put an end to that practice and plans to introduce a resolution on Thursday that would only be allowed to serve one, six-year term.

‘The current parliamentarian has been in office since 2012, appointed by Harry Reid,’ Marshall said. ‘This is NOT an elected position. Power tends to corrupt,  and absolute power corrupts absolutely. Term limits on a person with this absolute power need be implemented.’

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Drone incursions on US bases come under intense scrutiny as devices prove lethality overseas

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A group of House Republicans is demanding details on how government agencies are addressing the growing threat of unauthorized drone incursions on U.S. military installations. 

In letters sent Thursday, the Subcommittee on Military and Foreign Affairs requested a trove of documents and communications from the Departments of Defense (DoD), Transportation (DOT), and Justice (DOJ). 

The letters note that in 2024 alone, there were 350 drone incursions at over 100 U.S. military bases. 

Lawmakers believe many of the responses to the illegal incursions, including an instance where a group of drones traipsed over Langley Air Force Base for over two weeks in December 2023, have been insufficient and fragmented. 

Under current rules, base commanders must establish ‘hostile intent’ before taking action — a threshold the lawmakers say is ill-suited to fast-moving and ambiguous drone threats.

Coordination between military installations, the DOJ, Federal Aviation Administration (FAA), and local law enforcement is often ‘improvised and bureaucratically delayed,’ the letter states, leaving gaps that adversaries could exploit.

To assess the issue, Republicans are asking the agencies to turn over documents by July 10, including: all interagency policies and agreements on drone detection and mitigation; a list of all facilities protected under Title 10 Section 130(i); communications involving DoD, DOJ, FAA, and others about drone threats and authority gaps; all incident reports related to drone incursions since January 2022; any internal reviews assessing current legal frameworks and recommending reforms; plans for a joint federal-state-local task force on counter-drone coordination.

Fox News Digital has reached out to DoD, DOJ, and DOT for comment.

The lawmakers frame their demands as part of a broader push for legislative reform and operational clarity in the face of escalating drone threats to national security. ‘This is a rapidly evolving threat that requires a unified and proactive response,’ the letter states, emphasizing the need for better data sharing and resource allocation between agencies.

The threat comes at a time when the lethal capabilities of modern drone warfare have been proven on the ground in Ukraine and in the Middle East. 

READ THE LETTER BELOW. APP USERS: CLICK HERE

From the early days of Russia’s 2022 invasion, unmanned aerial systems (UAS) have been deployed with devastating effect by both Russian and Ukrainian forces, transforming how battles are fought and how intelligence is gathered. What began as surveillance and artillery-spotting platforms has evolved into a full-scale integration of explosive-laden loitering munitions, or ‘kamikaze drones,’ capable of precision strikes deep behind enemy lines.

One of the most notorious platforms is the Iranian-made Shahed-136, a low-cost, GPS-guided drone that Russia has used in swarms to overwhelm Ukrainian air defenses and strike civilian infrastructure, including power stations and residential areas. These drones, launched in waves, have been used to sow terror and inflict strategic damage while costing a fraction of conventional missiles. Ukraine, for its part, has responded with creative adaptations, converting consumer camera drones into improvised bombers and launching strikes on Russian trenches, vehicles, and even naval assets in the Black Sea.

Israel used drones alongside warplanes to assault top generals and key military and nuclear facilities in Operation Rising Lion this month. Iran fired back its own onslaught of drones toward Israel.

Military analysts have said Ukraine represents the first major war where drones are central to strategy, not just supporting tools. Their widespread deployment has forced a tactical rethink, prompted innovations in electronic warfare and counter-UAS systems, and prompted debate about how quickly drones may outpace manned aircraft in aerial combat. 

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‘The mission was accomplished’: Senate Republicans push back against leaked report on Iran strikes

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Senate Republicans pushed back against a leaked report that President Donald Trump’s strikes on Iran did not obliterate the Islamic Republic’s nuclear program, but still wanted more information on the full extent of the damage done to the key facilities.

A widely reported ‘low confidence’ assessment from the Defense Intelligence Agency (DIA) suggested that the weekend strikes, dubbed Operation Midnight Hammer, did not completely destroy Iran’s nuclear capabilities.

Trump has remained firm that the sites were ‘totally obliterated,’ and the White House has strongly pushed back against the report. And both the Israeli and Iranian governments agree that the sites were badly damaged.

Members of the Senate Foreign Relations Committee and Senate Armed Services Committee told Fox News Digital that they were confident in the president’s assessment and pushed back against the DIA’s findings.

‘First of all, one of the things I’d consider is the DIA said that Ukraine would be wiped out in three days,’ Sen. Kevin Cramer, R-N.D., told Fox News Digital. ‘And second, whatever the damage to Fordow is, the damage to the [nuclear] capabilities of Iran are devastating.’

Cramer said that the effectiveness of the bombing, which was carried out by several B-2 bombers armed with bunker-busting bombs, could not be ‘overstated,’ and warned that lingering questions surrounding the effectiveness of the operation were just ‘fodder for political discussion.’

‘I think the mission was accomplished,’ he said.

Senate Armed Services Committee Chair Roger Wicker, R-Miss., had not yet read the report, but called the DIA’s finding and subsequent news reports ‘bogus.’ Wicker’s sentiment came just after Senate Republicans met behind closed doors with Israeli Ambassador Yechiel Leiter.

‘We just spoke to the Israeli ambassador to the United States just a few moments ago, and his assessment is that their capability has been destroyed for years,’ Wicker said.

Still, just how damaged the nuclear facilities are, particularly the Fordow Fuel Enrichment Plant buried deep under layers of rock, is a question lawmakers want answered and believe would only come from a true boots-on-the-ground assessment.

Senators are set to receive a briefing Thursday afternoon from Trump officials on the strikes, and expect to learn more about the true extent of the damage.

Sen. Mike Rounds, R-S.D., told Fox News Digital that he’d seen all the evidence and there was not ‘an inconsistency’ between the president’s assertions and the materials he had seen.

He said that the briefing would allow lawmakers ‘a chance from multiple sources to glean what’s actually down deep underneath,’ but noted that until more clear information was available, absolute confirmation of the total damage wrought by the bombs was not complete.

Whether another strike should be authorized should further intelligence show that the program was not fully destroyed, Rounds said, ‘another strike depends on what the other options would be.’

‘I don’t think you ever take anything off the table for the president, but there might be other ways of handling it as well, because we’ve really opened that place up now,’ he said.  

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SAGA Metals Mobilizes and Commences Summer Work Programs at Recently Drilled 100% Owned Radar Titanium Property in Labrador, Canada & Provides Corporate Update

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Saga Metals Corp. (‘SAGA’ or the ‘Company’) (TSXV: SAGA) (OTCQB: SAGMF) (FSE: 20H) a North American exploration company focused on critical mineral discovery, is pleased to announce the mobilization and commencement of its 2025 summer field program at the 100% owned Radar Titanium Property (the ‘Property’) in Labrador, Canada.

Field crews arrived on site on June 17 and have initiated ground-based geophysical surveys targeting future high-priority drill targets. Concurrently, the team is constructing an access trail along the full 20 km strike extent of the Dykes River Intrusion oxide layering zone. Mobilizing drill rigs to the Trapper Zone is a first construction priority (see Figure 1 below).

The road and trail construction aims to provide direct access to both the eastern Hawkeye Zone and the western extent of the Trapper Zone. This strategic roadwork will significantly enhance logistical efficiency and exploration capacity across the entire 20 km oxide layering zone.

Figure 1

Figure 1: Detail of the Radar Titanium Project showcasing the road network from the Hawkeye Zone to the Trapper Zone and location of SAGA’s 2025 field programs.

SAGA’s field team is actively clearing overgrown sections of the historic forestry road to enable access for trucks and heavy equipment to the western areas of the Property. The program began with a 6-tonne excavator, while a larger 25-tonne unit is currently in transit and will be used to complete the remaining clearing work. Once operational, the 25-tonne excavator will also be deployed to construct a new access trail extending from the northwest end of the Trapper Zone, following the oxide layering zone southward before turning east toward the western anomalies within the Hawkeye Zone. This strategically designed, drill-compatible trail is a key component of SAGA’s infrastructure development, enabling efficient mobilization of diamond drilling equipment to high-priority targets and supporting cost-effective execution of future drilling campaigns.

Figure 2

Figure 2: SAGA’s field team utilizes a 6-tonne excavator to clear the old forestry road that runs east-west within the Radar project

Magnetic and Electromagnetic (EM) Survey over the ‘Trapper Zone’

As previously reported, targeted VLF-EM (Very Low Frequency electromagnetic survey) and magnetic surveys from Q4 2024 successfully defined drill targets for our maiden drill program over the Hawkeye zone. Now, our crews are targeting the Trapper zone that returned one of the highest responses in the regional airborne magnetic survey. SAGA has mobilized two geophysical crews to ensure complete survey coverage across the Trapper Zone within the next four weeks. Planned is a highly detailed magnetic and VLF-EM-survey over the northern anomaly of the Trapper zone.

Due to the strength of the magnetic anomaly detected over the Trapper zone, SAGA’s geological team has had to continually recalibrate the geophysics instruments. To mitigate this, the Company has mobilized an additional instrument and expanded the team with two more personnel.

The survey employs a 25-meter station spacing along lines separated by 50 meters, allowing for detailed mapping of magnetic and conductive features associated with magnetite mineralization. This high-resolution approach is critical for accurately defining subsurface targets and enhancing confidence in drill planning for this promising western extension. The ultimate objective is to develop a magnetic inversion model—comparable to that successfully used at Hawkeye—to guide follow-up drilling along the broader 20-kilometre oxide layering trend.

Figure 3

Figure 3: SAGA’s field team conducting the magnetic and electromagnetic survey, including Very Low Frequency (VLF-EM) on the Radar Titanium Project

Michael Garagan, CGO & Director of SAGA, comments: ‘ We are fortunate to have exceptional infrastructure at the Radar Titanium project. The ability to complete low-cost maintenance on the forestry road and access trail into the Trapper zone will only further enhance the cost-effectiveness of future programs, adding tremendous value to shareholders. We are excited to have two teams conducting geophysics over the Trapper zone, with interpretations expected by mid-summer. As I previously mentioned, early indications suggest the Trapper zone contains some of the strongest magnetic anomalies, and we’ll be utilizing the magnetic inversions to delineate drill targets similar to the Hawkeye Zone.’

Figure 4

Figure 4: Radar Property map, depicting aeromagnetic anomalies, oxide layering and the site of the 2025 drill program. The Property is well serviced by road access and is conveniently located near the town of Cartwright, Labrador. A compilation of historical aeromagnetic anomalies is shown. SAGA has demonstrated the reliability of the regional airborne magnetic surveys after ground-truthing and drilling in the 2024 and 2025 field programs.

Radar Ti-V-Fe Project Overview:

The Company’s 100%-owned Radar Property is located 10 km from the coastal city of Cartwright, Labrador, benefiting from tremendous infrastructure, including road access, deep-water port, airstrip and nearby hydro-electric power. The Radar Property comprises 24,175 hectares and entirely encloses the Dykes River intrusive complex, mapped at 160 km² on the surface.

The Dykes River intrusive complex is a recently recognized Mesoproterozoic layered mafic intrusion (Gower, 2017). It has gained attention due geological similarities to large AMCG-type intrusions and a very extensive titanium–vanadium–iron (Ti-V-Fe) rich layer.

Radar Ti-V-Fe Project 2025 Winter Drill Program Highlights:

  • Analytical results have been received on all seven diamond drill holes from the 2025 winter program.
  • Combined with petrographic analysis, these assays confirm that the primary economic mineral is vanadiferous titanomagnetite, favourable for simplified metallurgical processing.
  • Notable intercepts of vanadiferous titanomagnetite from the 2025 winter drill program include:
    • 20.2 meters grading 31.35% Fe , 6.32% TiO₂ , and 0.435% V₂O₅ in HEZ-07
    • 57.7 meters grading 27.09% Fe, 5.305% TiO₂, and 0.365% V₂O₅ in HEZ-07
    • 25.0 meters grading 19.92% Fe , 4.14% TiO₂ , and 0.213% V₂O₅ in HEZ-05
    • 31.5 meters grading 25.95% Fe, 5.34% TiO 2 and 0.28% V 2 O 5 in HEZ-01
    • 50 meters grading 24.49% Fe, 4.74% TiO 2 and 0.305 % V 2 O 5 in HEZ-04
    • 28 meters grading 20.11% Fe, 4.22% TiO₂, and 0.214% V₂O₅ in HEZ-06
    • 37 meters grading 12.4% Fe, 4.17% TiO₂, and 0.069% V₂O₅ in HEZ-02
    • 55 meters grading 11.37% Fe, 4.07% TiO₂, and 0.051% V₂O₅ in HEZ-03
  • Titanomagnetite-rich zones average between 20% and 40% titanomagnetite, with localized massive layers exceeding 60%.
  • Drilling has confirmed the presence of oxide layering and associated magnetic anomalies to vertical depths of up to 300 meters.
  • Current drilling has tested just 1/40th of the identified 20 km strike extent of the oxide layering zone within the Dykes River Intrusion (refer to Figure 4 for map view) .

(Click here to see SAGA’s news release dated May 5, 2025 for full information on holes HEZ-01 & HEZ-04, here to see SAGA’s news release dated May 26, 2025 for full information on holes HEZ-05 & HEZ-07 and here to see SAGA’s news release dated May 29, 2025 for full information on holes HEZ-06, HEZ-02 & HEZ-03)

Engaged Alphabridge Group Inc. for Equity Research Coverage

The Company has engaged Alphabridge Group Inc. (‘Alphabridge’) to provide equity research coverage on the Company for an initial term of one year, beginning on June 25, 2025. Total consideration payable to Alphabridge is $15,000 plus GST. Alphabridge services will be provided via its principal Vasant Jain, based out of Vancouver, BC. Alphabridge and its principal are arm’s length to the Company, and to the knowledge of the Company hold no securities of the Company as of the date hereof.

Qualified Person

Paul J. McGuigan, P. Geo., is an Independent Qualified Person as defined under National Instrument 43-101 and has reviewed and approved the technical information related to the Radar Ti-V-Fe Project disclosed in this news release.

About Saga Metals Corp.

Saga Metals Corp. is a North American mining company focused on the exploration and discovery of critical minerals that support the global transition to green energy. The Company’s flagship asset, the Double Mer Uranium Project, is located in Labrador, Canada, covering 25,600 hectares. This project features uranium radiometrics that highlight an 18km east-west trend, with a confirmed 14km section producing samples as high as 0.428% U 3 O 8 and uranium uranophane was identified in several areas of highest radiometric response (2024 Double Mer Technical Report).

In addition to its uranium focus, SAGA owns the Legacy Lithium Property in Quebec’s Eeyou Istchee James Bay region. This project, developed in partnership with Rio Tinto, has been expanded through the acquisition of the Amirault Lithium Project. Together, these properties cover 65,849 hectares and share significant geological continuity with other major players in the area, including Rio Tinto, Winsome Resources, Azimut Exploration, and Loyal Lithium.

SAGA also holds additional exploration assets in Labrador, where the company is focused on discovering titanium, vanadium, and iron ore. With a portfolio that spans key minerals crucial to the green energy transition, SAGA is strategically positioned to play an essential role in the clean energy future.

On Behalf of the Board of Directors

Mike Stier, Chief Executive Officer

For more information, contact:
Saga Metals Corp.
Investor Relations
Tel: +1 (778) 930-1321
Email: info@sagametals.com
www.sagametals.com

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

Cautionary Disclaimer

This news release contains forward-looking statements within the meaning of applicable securities laws that are not historical facts. Forward-looking statements are often identified by terms such as ‘will’, ‘may’, ‘should’, ‘anticipates’, ‘expects’, ‘believes’, and similar expressions or the negative of these words or other comparable terminology. All statements other than statements of historical fact, included in this release are forward-looking statements that involve risks and uncertainties. In particular, this news release contains forward-looking information pertaining to the exploration of the Company’s Radar Project and engagement of Alphabridge for equity research coverage. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, environmental risks, limitations on insurance coverage, risks and uncertainties involved in the mineral exploration and development industry, and the risks detailed in the Company’s continuous disclosure filings with securities regulations from time to time, available under its SEDAR+ profile at www.sedarplus.ca. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements only as expressly required by applicable law.

Figures accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/2eb3b876-a32a-4368-9ef8-720dbe25a86e

https://www.globenewswire.com/NewsRoom/AttachmentNg/1fff0845-d761-439e-9e00-2e08b50d6fb4

https://www.globenewswire.com/NewsRoom/AttachmentNg/67f8e3d8-49c6-4ff3-8a83-e47ebd9d2558

https://www.globenewswire.com/NewsRoom/AttachmentNg/5514e271-097c-4aa2-80b3-32cafac1966f

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News Provided by GlobeNewswire via QuoteMedia

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RUA GOLD Closes C$13.8 Million Brokered Offering Including the Full Exercise of Over-Allotment Option

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Highlights 

  • Closing the oversubscribed brokered offering for $13.8 million of gross proceeds. 
  • Offering was completed without dilutive warrants and without a significant discount to market trading price. 
  • Completion of this financing secures a treasury balance sufficient to fund 12 to 18 months of aggressive exploration across on the projects.

Rua Gold Inc. (TSXV: RUA) (OTCQB: NZAUF) (WKN: A40QYC) (‘Rua Gold’ or the ‘Company’) is pleased to announce that it has closed its previously announced brokered ‘best efforts’ public offering (the ‘Public Offering’) and private placement (the ‘Private Placement’ and with the Public Offering, the ‘Offering’) consisting of 19,714,450 common shares in the capital of the Company (each, a ‘Common Share’), which included the exercise of the over-allotment option in full, at a price of C$0.70 per Common Share for aggregate gross proceeds of C$13,800,115.

The Company intends to use the net proceeds from the Offering for continuing the exploration program on its New Zealand properties and general working capital and general corporate purposes, as disclosed in the Prospectus Supplement (as defined below).

‘For the first time, Rua Gold is fully funded to execute all of our exploration plans over the next 12 to 18 months’ stated CEO, Robert Eckford. ‘Since listing the Company last year, we have accelerated both the Reefton Project on the South Island, and Glamorgan Project on the North Island of New Zealand. With the addition of a cornerstone 9.9% investor, we have strengthened our support base, enabling a two-pronged strategy: the continuation of an aggressive drill campaign at the Reefton Project, and the planned commencement of drilling at the Glamorgan Project in Q4 2025. Both strategies are designed to highlight the exceptional geological potential of New Zealand, supported by a very significant financing.’

The Offering was completed pursuant to an agency agreement (the ‘Agency Agreement‘) dated June 18, 2025 among the Company, Cormark Securities Inc. and Red Cloud Securities Inc., as Co-Lead Agents and Beacon Securities Limited (collectively, the ‘Agents‘).

In consideration for services rendered in connection with the Public Offering, the Company paid the Agents a cash fee of approximately C$446,651 and issued to the Agents 638,073 broker warrants (the ‘Broker Warrants‘). Each Broker Warrant is exercisable to acquire one Common Share at an exercise price of $0.70 per Common Share for a period of 24 months following closing of the Offering.

The Public Offering was completed in Canada pursuant to a prospectus supplement dated June 18, 2025 (the ‘Prospectus Supplement‘) to the Company’s short form base shelf prospectus dated July 11, 2024 (the ‘Shelf Prospectus‘) filed in each of the provinces and territories of Canada, except Québec. Common Shares were also issued in the United States and in offshore jurisdictions pursuant to private placement or similar exemptions in accordance with applicable securities laws. Copies of the Prospectus Supplement, Shelf Prospectus and Agency Agreement are available under the Company’s SEDAR+ profile at www.sedarplus.ca.

The Private Placement was completed pursuant to applicable exemptions from prospectus requirements under applicable securities laws. The Common Shares issued pursuant to the Private Placement are subject to a statutory hold period in Canada expiring four months and one day expiring on October 27, 2025.

The Offering remains subject to the final acceptance of the TSX Venture Exchange (the ‘TSXV‘).

Insiders of the Company (the ‘Insiders‘) subscribed to the Offering for an aggregate of 1,529,800 Common Shares. This issuance of the Common Shares to the Insiders constitutes a ‘related party transaction’ as such term is defined under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (‘MI 61-101‘). The Company is relying on an exemption from the formal valuation and minority shareholder approval requirements provided under MI 61-101 pursuant to section 5.5(a) and section 5.7(1)(a) of MI 61-101, on the basis that the participation in the Offering by the Insiders does not exceed 25% of the fair market value of the Company’s market capitalization. A material change report was not filed in connection with the participation of the Insiders in the Offering less than 21 days in advance of the closing of the Offering, which the Company considers reasonable in the circumstances so as to be able to avail itself of potential financing opportunities and to complete the Offering in an expeditious manner.

The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended (the ‘U.S. Securities Act‘) or any U.S. state securities laws, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. This news release does not constitute an offer for sale of securities, nor a solicitation for offers to buy any securities in the United States, nor in any other jurisdiction in which such offer, solicitation or sale would be unlawful. ‘United States’ and ‘U.S. person’ are as defined in Regulation S under the U.S. Securities Act.

Option and DSU Grant

On closing of the Offering, the Company granted 2,250,000 options (each, an ‘Option‘) to certain directors, officers and consultants of the Company in accordance the Company’s stock option plan dated July 24, 2024. Each Option is exercisable into one Common Share at an exercise price of $0.66 per Common Share for five years following the date of grant. The Options are subject to a 3-year vesting period with 750,000 Options vesting on June 26, 2026, 750,000 Options vesting on June 26, 2027, and 750,000 Options vesting on June 26, 2028.

The Company also announces that it has granted an aggregate of 200,000 deferred share units (‘DSUs‘) to certain directors of the Company, in accordance with the Company’s DSU Plan dated July 24, 2024. The DSUs are subject to a 3-year vesting period with 66,666 DSUs vesting on June 26, 2026, 66,667 DSUs vesting on June 26, 2027, and 66,667 DSUs vesting on June 26, 2028. Each DSU entitles the holder to receive one share of the Company at the time the holder ceases to be a director of the Company.

Advisory Fees

The Company has also paid an advisory service fee of $340,000 and issued 485,000 advisory warrants of the Company (each, an ‘Advisory Warrant‘) to Red Cloud Securities Inc. for their services as financial advisor. Each Advisory Warrant is exercisable to acquire one Common Share at an exercise price of $0.70 per Common Share until June 26, 2027.

About Rua Gold

Rua Gold (TSXV: RUA) (OTCQB: NZAUF) (WKN: A40QYC) is an exploration company, strategically focused on New Zealand. With decades of expertise, our team has successfully taken major discoveries into producing world-class mines across multiple continents. The team is now focused on maximizing the asset potential of Rua Gold’s two highly prospective high-grade gold projects.

The Company controls the Reefton Gold District as the dominant landholder in the Reefton Goldfield on New Zealand’s South Island with over 120,000 hectares of tenements, in a district that historically produced over 2Moz of gold grading between 9 and 50g/t.

The Company’s Glamorgan Project solidifies Rua Gold’s position as a leading high-grade gold explorer on New Zealand’s North Island. This highly prospective project is located within the North Islands’ Hauraki district, a region that has produced an impressive 15Moz of gold and 60Moz of silver. Glamorgan is adjacent to OceanaGold Corporation’s biggest gold mining project, Wharekirauponga.

For further information, please refer to the Company’s disclosure record on SEDAR+ at www.sedarplus.ca.

Rua Gold Contact

Robert Eckford
Chief Executive Officer
Phone: (604) 655-7354
Email: reckford@RUAGOLD.com
Website: www.RUAGOLD.com

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

This news release includes certain statements that may be deemed ‘forward-looking statements’. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words ‘expects’, ‘plans’, ‘anticipates’, ‘believes’, ‘intends’, ‘estimates’, ‘projects’, ‘potential’ and similar expressions, or that events or conditions ‘will’, ‘would’, ‘may’, ‘could’ or ‘should’ occur and specifically include statements regarding: the Company’s strategies, expectations, planned operations or future actions including but not limited to exploration programs at its New Zealand properties; the intended use of the net proceeds of the Offering; and the final acceptance of the TSXV with respect to the Offering. 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.

Investors are cautioned that any such forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. A variety of inherent risks, uncertainties and factors, many of which are beyond the Company’s control, affect the operations, performance and results of the Company and its business, and could cause actual events or results to differ materially from estimated or anticipated events or results expressed or implied by forward looking statements. Some of these risks, uncertainties and factors include: general business, economic, competitive, political and social uncertainties; risks related to the effects of the Russia-Ukraine war; risks related to climate change; operational risks in exploration, delays or changes in plans with respect to exploration projects or capital expenditures; the actual results of current exploration activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; changes in labour costs and other costs and expenses or equipment or processes to operate as anticipated, accidents, labour disputes and other risks of the mining industry, including but not limited to environmental hazards, flooding or unfavorable operating conditions and losses, insurrection or war, delays in obtaining governmental approvals or financing, and commodity prices. This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statements and reference should also be made to the Company’s short form base shelf prospectus dated July 11, 2024, and the documents incorporated by reference therein, filed under its SEDAR+ profile at www.sedarplus.ca for a description of additional risk factors.

Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

This news release is intended for distribution in Canada only and is not intended for distribution to United States newswire services or dissemination in the United States.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/256925

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LaFleur Minerals Inc. Location, Mill Creates Strategic Advantage in Ongoing Gold Rally

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Via InvestorWire — LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) today announces its placement in an editorial published by NetworkNewsWire (‘NNW’), one of 70+ brands within the Dynamic Brand Portfolio @ IBN ( InvestorBrandNetwork ) a specialized communications platform with a focus on financial news and content distribution for private and public companies and the investment community.

To view the full publication, ‘Near-Term Production Assets Gain Traction amid Historic Gold Price Surge,’ please visit: https://ibn.fm/yr5Zp

Gold’s remarkable surge — driven by an unstable U.S. fiscal policy and rising inflation — has propelled prices beyond the historic US$3,300 per ounce threshold in early 2025 and sparked even more bullish outlooks. Many experts are forecasting gold prices reaching as high as US$4,000 within the next 12 to 18 months. Against this backdrop, gold-focused stocks and Canadian producers are in the spotlight, offering investors significant leverage to rising gold prices within a jurisdiction recognized for its high-quality deposits and operational stability.

Among these, LaFleur Minerals Inc. distinguishes itself with a fully permitted gold mill located in Canada’s most productive gold region, a strategic advantage that supports both near-term production and meaningful exposure to the ongoing gold rally. LaFleur is committed to becoming a respected presence in the world of other quality gold-mining operations

About LaFleur Minerals Inc.

LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) is focused on the development of district-scale gold projects in the Abitibi Gold Belt near Val-d’Or, Québec. Our mission is to advance mining projects with a laser focus on our resource-stage Swanson Gold Project and the Beacon Gold Mill, which have significant potential to deliver long-term value. The Swanson Gold Project is approximately 16,600 hectares (166 km 2 ) in size and includes several prospects rich in gold and critical metals previously held by Monarch Mining, Abcourt Mines, and Globex Mining. LaFleur has recently consolidated a large land package along a major structural break that hosts the Swanson, Bartec, and Jolin gold deposits and several other showings that make up the Swanson Gold Project. The Swanson Gold Project is easily accessible by road with a rail line running through the property allowing direct access to several nearby gold mills, further enhancing its development potential. LaFleur Minerals’ fully refurbished and permitted Beacon Gold Mill is capable of processing more than 750 tonnes per day and is being considered for processing mineralized material at Swanson and for custom milling operations for other nearby gold projects.

For more information, visit the company’s website at LaFleur Minerals Profile

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

About NetworkNewsWire

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

NNW is where breaking news, insightful content and actionable information converge.

For more information, please visit https://www.NetworkNewsWire.com

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: https://www.NetworkNewsWire.com/Disclaimer

NetworkNewsWire
New York, NY
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com

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Mossad chief thanks US for help with Iran, says ‘significantly thwarted’ regime threats

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Mossad Director David Barnea thanked the men and women working for the agency after the success of Israel’s Operation Rising Lion.

He also expressed his appreciation to the U.S. — particularly the CIA — for their work in countering Iran’s nuclear program.

‘These are historic days for the people of Israel. The Iranian threat, which endangered our security for decades, has been significantly thwarted thanks to the extraordinary cooperation between the IDF, which led the campaign, and the Mossad, which operated alongside it, with the support of our ally, the United States,’ Barnea said.

The Mossad, Israel’s equivalent of the CIA, had personnel in Iran ready for the launch of Operation Rising Lion, something that was revealed in unprecedented fashion when the agency released video of its operatives at work.

Ahead of the U.S. strikes in the early hours of Sunday morning, Iranian time, there was speculation whether Washington and Jerusalem were coordinating. President Donald Trump made it clear after the strikes that he and Israeli Prime Minister Benjamin Netanyahu had been working together behind the scenes.

‘I want to thank and congratulate Prime Minister Bibi Netanyahu. We worked as a team — like perhaps no team has ever worked before — and we’ve gone a long way to erasing this horrible threat to Israel,’ Trump said in his address to the nation following the strikes on Iran.

While Barnea expressed his gratitude to Israeli and American forces alike, he also said that ‘the mission is not yet complete.’

‘The Mossad will continue, with determination, to monitor, track, and act to thwart the threats against us — just as we always have — for the sake of the State of Israel and its people,’ Barnea said.

Iran’s nuclear chief, Mohammad Eslami, said on Tuesday that the country was assessing the damage and preparing to restore the facilities, according to Reuters. He added that Iran’s ‘plan is to prevent interruptions in the process of production and services.’

Both Trump and Netanyahu vowed to respond if Iran rebuilds its nuclear program.

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Trump’s ‘big, beautiful bill’ faces setback as Senate rules knock out key Medicaid provisions

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A controversial change to the Medicaid provider tax rate in Senate Republicans’ version of the ‘big, beautiful bill’ has been knocked out by Senate rules.

Senate Budget Committee Democrats announced on Thursday that Senate Parliamentarian Elizabeth MacDonough ruled against a slew of core provisions within President Donald Trump’s colossal bill, including tweaks to Medicaid that divided Republicans in the upper chamber.

Indeed, MacDonough ruled that the harsher Medicaid provider tax rate crackdown in the Senate’s version of the bill did not comport with the Byrd Rule, which provides guardrails for the budget reconciliation process.

That ruling and the stripping out of other provisions that included denying states Medicaid funding for having illegal immigrants on the benefit rolls, preventing illegal immigrants from participating in Medicaid and the Children’s Health Insurance Program (CHIP), and preventing Medicaid and CHIP funding from going toward gender-affirming care, among others, has gutted many of Republicans’ key cost-saving Medicaid changes and likely set back their plan to put the mammoth bill on Trump’s desk by July 4.

Senate Democrats vowed to inflict as much pain as possible on Republicans through the ‘Byrd Bath,’ where provisions are gone through line-by-line to see whether they comply with the Byrd Rule.

Senate Finance Committee Ranking Member Jeff Merkley, D-Ore., accused Republicans of ‘scrambling to rewrite parts of this bill’ as more and more provisions are knocked out by the parliamentarian.

‘Democrats are continuing to make the case against every provision in this Big, Beautiful Betrayal of a bill that violates Senate rules and hurts families and workers,’ Merkley said in a statement. ‘Democrats are fighting back against Republicans’ plans to gut Medicaid, dismantle the Affordable Care Act, and kick kids, veterans, seniors, and folks with disabilities off of their health insurance – all to fund tax breaks for billionaires.’

The Senate Finance Committee’s changes to the provider tax rate were a stark departure from the House GOP’s version of the bill. Senate Republicans went further than the House’s freeze of the rate, or the amount that state Medicaid programs pay to healthcare providers on behalf of Medicaid beneficiaries, for non-Affordable Care Act expansion states and included a provision that lowers the rate in expansion states annually until it hits 3.5%.

Those changes angered a handful of Republicans, like Sens. Susan Collins, R-Maine, and Josh Hawley, R-Mo., who have warned not to make revisions to the healthcare program that could shut down rural hospitals and boot working Americans from their benefits.

The parliamentarian argued in her ruling that ‘ending states’ ability to tax healthcare providers would severely limit states’ ability to provide healthcare to millions of Americans who depend upon Medicaid for their care.’

In order for Senate Republicans to ram the president’s agenda through the Senate with a reduced 51-vote threshold, provisions within the bill have to adhere to the Byrd Rule, which requires that policy changes must have a budgetary and spending impact.

News of the provision’s removal comes as lawmakers were floating a possible fix to the crackdown in the form of a stabilization fund for rural hospitals. One proposal floated by the Senate Finance Committee would start a fund that distributes a total of $15 billion over the next five fiscal years to states that apply for the program. 

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