Aurum Resources (AUE:AU) has announced Boundiali Gold Project produces more good drilling results
Download the PDF here.
Aurum Resources (AUE:AU) has announced Boundiali Gold Project produces more good drilling results
Download the PDF here.
Mario Innecco, who runs the maneco64 YouTube channel, shares his thoughts on the record runs in gold and silver, outlining what these high prices say about the world.
‘This is I think the end of this fiat currency regime,’ he said.
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
Here’s a quick recap of the crypto landscape for Wednesday (January 14) as of 9:00 p.m. UTC.
Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrency market news.
Bitcoin (BTC) was priced at US$97,611.39, up by 3.3 percent over 24 hours.
Bitcoin price performance, January 14, 2025.
Chart via TradingView.
Ether (ETH) was priced at US$3,380.29, up by 5.5 percent over the last 24 hours.
The US Senate Committee on Agriculture has scheduled January 27 for its markup of a sweeping crypto market structure bill aimed at clarifying regulatory oversight of digital assets.
The bill text is due to be released on January 21, giving lawmakers less than a week to review and propose amendments before the committee vote. Committee Chair John Boozman said the compressed schedule is designed to balance transparency with momentum as Congress looks to reduce regulatory uncertainty.
The agriculture committee plays a central role because it oversees the Commodity Futures Trading Commission, which would gain expanded authority under the proposal.
If approved, the bill would still need to clear the Senate Banking Committee, pass the full Senate and House and ultimately be signed into law. While momentum has improved compared to last year, unresolved disputes remain around stablecoin yield and decentralized finance provisions.
Polygon Labs has entered into definitive agreements to acquire Coinme and Sequence, bringing together licensed fiat on- and off-ramps, enterprise wallets and onchain orchestration in one integrated solution.
Coinme provides licensed cash-to-digital at retail locations, while Sequence has the simplified ‘smart wallet’ technology needed to move that money easily. By acquiring these two companies, Polygon believes it is building a “one-stop shop” for moving money, allowing users to turn physical cash into digital money, and vice versa, at over 50,000 retail locations in the US; they can also create a digital wallet using an email or social media account.
In addition to that, Polygon said the acquisition will allow crypto users to send money across the world in seconds, without the need for complicated background steps.
Figure Technology Solutions (NASDAQ:FIGR) has launched a new system called the On-Chain Public Equity Network (OPEN), providing a new way for companies to list and trade shares using blockchain technology.
According to the announcement, OPEN is a new system where official stock ownership is recorded directly on a public blockchain, meaning the blockchain record is the stock, unlike a digital copy. It allows continuous, peer-to-peer trading via a limit order book, eliminating reliance on traditional banks and clearinghouses that close.
Investors can self-custody their stocks in a digital wallet, which aims to reduce fees and costs.
The network also allows shareholders to use their stocks as collateral for borrowing or lending, a role typically held by prime brokers. Figure said it is planning for these blockchain stocks to be ‘exchangeable’ with Nasdaq-traded stocks, ensuring price parity and liquidity across both markets.
Figure is the first company to use OPEN, and is offering some of its own shares to demonstrate the technology’s viability for large-scale public investing.
CleanSpark (NASDAQ:CLSK), a company primarily known for Bitcoin mining, announced an expansion to build data centers for artificial intelligence (AI) with the purchase of 447 acres of land in Brazoria County, Texas.
This is its second major land purchase in the area following a similar deal nearby in Austin County.
The company has secured a long-term deal to get up to 600 megawatts of electricity for this new site, enough power to run hundreds of thousands of homes.
While the company is known for mining Bitcoin, it is now using its expertise in building large “computer warehouses” to support the AI boom. These new sites are being designed as AI factories, places filled with powerful computers that process the complex data needed for things like ChatGPT and other advanced tech.
The deal is expected to close in early 2026. Once finished, CleanSpark will have nearly 1 gigawatt of potential capacity in the Houston area, making it a major player in the infrastructure that runs the modern internet.
Bitcoin climbed back above US$95,000 after Michael Saylor’s Strategy (NASDAQ:MSTR) disclosed a US$1.3 billion Bitcoin purchase, its largest single acquisition since July.
The purchase pushed Strategy’s shares up about 7 percent, reinforcing its reputation as a high-beta proxy for Bitcoin. The company now holds roughly US$66 billion worth of Bitcoin at an average purchase price near US$75,000.
Strategy funded the purchase by issuing more than US$1 billion in new shares rather than tapping existing cash.
The rally was reinforced by a surge in institutional demand, with US-listed spot Bitcoin exchange-traded funds recording their strongest single-day inflows since October.
European crypto exchange Bitpanda is reportedly preparing for an initial public offering (IPO) in the first half of 2026, with a potential valuation of up to 5 billion euros.
Bloomberg reported that the Vienna-based firm is said to be eyeing a Frankfurt listing, positioning itself in one of Europe’s deepest capital markets. Founded in 2014, Bitpanda has grown into a major retail platform with more than 7 million users and a dominant share of Austria’s domestic crypto trading activity.
The company has reportedly engaged major investment banks to advise on the deal, though it has yet to formally confirm its IPO plans. A Frankfurt listing would align Bitpanda with a broader trend of European firms prioritizing liquidity and investor depth over traditional UK venues
Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
Lead prices were volatile in 2025 amid investor uncertainty and factors like tariff threats.
The base metal is primarily consumed by lead-acid batteries, but is also used to produce radiation shielding, weights and, in the defense sector, ammunition. More recently it’s seen increased demand from the electric vehicle (EV) sector as a low-voltage auxiliary power source for lighting, windows and other essential systems.
Because lead isn’t usually mined as a primary metal, its supply is tied to other metals like zinc, silver and copper, making the lead price highly dependent on demand for these other metals — and by extension, fairly volatile.
Continuous contracts for lead on the London Metal Exchange (LME) started 2025 at US$1,921.44 per metric ton (MT) and saw steady upward momentum in Q1, rising as high as US$2,090.48 on March 18.
According to Shanghai Metals Market, lead’s early 2025 rise was supported by the end of the Chinese New Year holiday, as well as increased activity in the supply chain, which led to a limited increase in demand for lead ingot purchases. This activity coincided with destocking of lead inventories in western markets, which further fueled the price.
Lead continued to trade above US$2,000 for the remainder of March, but the start of April saw its price floor fall out — the metal hit its 2025 low of US$1,829.75 on April 9 amid a broader rout in commodities markets. This came after US President Donald Trump’s “Liberation Day” tariff announcement on April 2.
LME lead price, 2025.
Chart via the LME.
Shanghai Metals Market notes that the tariff announcement came during the traditional off season for lead, with battery producers reducing production and weakening overall demand for the metal.
However, the lead price had rebounded as of the end of April, with rising demand driving down inventories in downstream industries. By the end of Q2, lead was once again trading above US$1,900.
Trade concerns remained present, and although lead ultimately wasn’t included in reciprocal tariffs, considerable uncertainty dampened sentiment during the metal’s normally peak August-to-September period.
During the year’s third quarter, a significant 45,150 MT delivery to LME warehouses in November pushed total volume to 266,125 MT, leading to a collapse in the lead price amid oversupply concerns.
Lead stabilized in the US$1,930 to US$2,050 range as the year drew to a close, spiking to US$2,078.84 on November 12 and to US$1,910.48 on December 12.
According to the International Lead and Zinc Study Group (ILZSG), global demand for refined lead is expected to increase by 0.9 percent to 13.37 million MT in 2026 after rising 1.8 percent in 2025.
In an October report, the organization projects a 6.6 percent rise in US lead demand for 2025, driven by higher domestic battery production. The ILZSG is also expecting greater 2025 lead usage in the Czech Republic, Germany, Poland and the UK, with a 1.8 percent gain in demand across the European Union.
However, a rise in Chinese demand in the first half of 2025, supported by a government trade-in policy for cars and e-bikes, was offset by lower exports of lead-acid batteries, which fueled demand growth of just 0.9 percent.
Many of these same factors are expected to carry over into 2026, with gains in Europe, Vietnam and the US expected to be offset by a forecast 1.7 percent decrease in Chinese demand.
On the supply side, mining output is expected to increase 2.2 percent to 4.67 million MT in 2026, with a 2.5 percent rise from Chinese operations, along with further gains from Europe and output recoveries in Australia and the US.
Refined supply is forecast to increase by 1 percent to 13.47 million MT over the next year, with gains from smelters in Brazil, India and Kazakhstan partially offset by lower production in China and the UK.
Overall, the ILZSG is expecting the lead surplus to grow to 102,000 MT in 2026.
According to a report from market intelligence firm Mordor Intelligence, lead-acid batteries are set to see increasing demand from data centers and 5G applications, where they are used as back-up power systems. The firm is calling for a 0.4 percent compound annual growth rate (CAGR) over the next two to four years.
In terms of EV sector demand, Mordor sees a 0.3 percent CAGR over the next two years as low-speed EVs like rickshaws and golf carts gain greater uptake in emerging markets in Southeast Asia.
Lead’s supply side could be affected by changing dynamics in the silver market.
In a December 12 article, Fastmarkets notes that a high silver price is prompting producers to accelerate project development timelines, pointing to Silver Mountain Resources’ (TSXV:AGMR,OTCQB:AGMRF) Reliquias project, which is expected to enter commercial production in Q3 2026.
As far as 2026 goes, Fastmarkets is expecting balance in the refined lead metal market, with little supply growth and the price rangebound at around the US$2,000 mark.
Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.
Osisko Metals Incorporated (the ‘Company’ or ‘Osisko Metals’) (TSX: OM,OTC:OMZNF; OTCQX: OMZNF; FRANKFURT: 0B51) is pleased to announce new drill results from the Gaspé Copper Project, located in the Gaspé Peninsula of Eastern Québec.
New analytical results are presented below (see Table 1), including 35 mineralized intercepts from ten new drill holes. Infill intercepts are located inside the 2024 MRE model (see November 14, 2024 news release), and are focused on upgrading inferred mineral resources to measured or indicated categories, as applicable. Expansion intercepts are located outside the 2024 MRE model and may potentially lead to additional resources that will be classified appropriately within the next MRE update. Some of the reported intercepts have contiguous shallower infill as well as deeper expansion (noted on Table 1 below as ‘Both’). Maps showing hole locations are available at www.osiskometals.com.
Highlights:
Table 1: Infill and Expansion Drilling Results
| DDH No. | From (m) | To (m) | Length (m) | Cu % | Ag g/t | Mo % | CuEq* % | Type** |
| 30-881 | 13.7 | 76.2 | 62.5 | 0.29 | 2.20 | 0.020 | 0.38 | Expansion |
| And | 546.7 | 592.1 | 45.4 | 0.20 | 1.67 | <0.005 | 0.21 | Expansion |
| And | 622.7 | 1044.5 | 421.8 | 0.28 | 1.24 | 0.026 | 0.39 | Expansion |
| 30-1132 | 304.8 | 320.1 | 15.3 | 0.66 | 2.52 | 0.016 | 0.73 | Expansion |
| And | 640.5 | 694.5 | 54.0 | 0.28 | 1.87 | 0.005 | 0.31 | Expansion |
| And | 735.0 | 783.4 | 48.4 | 0.32 | 1.91 | 0.011 | 0.37 | Expansion |
| 30-1135 | 7.0 | 33.0 | 26.0 | 0.31 | 1.54 | <0.005 | 0.32 | Infill |
| And | 148.5 | 201.0 | 52.5 | 0.19 | 1.56 | <0.005 | 0.20 | Infill |
| And | 231.0 | 296.5 | 65.5 | 0.28 | 2.43 | 0.005 | 0.31 | Infill |
| And | 329.9 | 495 | 165.1 | 0.28 | 2.17 | 0.051 | 0.48 | Infill |
| And | 528.0 | 729.0 | 201.0 | 0.20 | 1.59 | 0.026 | 0.31 | Expansion |
| 30-1137 | 113.0 | 166.5 | 53.5 | 0.19 | 1.82 | <0.005 | 0.21 | Infill |
| And | 311.4 | 345.8 | 34.4 | 0.27 | 2.51 | 0.007 | 0.31 | Expansion |
| And | 424.9 | 449.5 | 24.6 | 0.16 | 1.34 | 0.021 | 0.24 | Infill |
| And | 496.5 | 585.4 | 88.9 | 0.33 | 2.27 | 0.015 | 0.40 | Expansion |
| And | 726.2 | 851.4 | 125.2 | 0.20 | 1.25 | 0.009 | 0.23 | Expansion |
| 30-1141 | 94.0 | 265.5 | 171.5 | 0.42 | 3.12 | 0.007 | 0.46 | Infill |
| And | 507.0 | 535.5 | 28.5 | 0.18 | 2.09 | <0.005 | 0.19 | Infill |
| 30-1142 | 75.0 | 660.0 | 585.0 | 0.24 | 0.96 | 0.017 | 0.31 | Both |
| (including) | 75.0 | 576.5 | 501.5 | 0.26 | 0.99 | 0.017 | 0.32 | Infill |
| (including) | 576.5 | 660.0 | 83.5 | 0.12 | 0.83 | 0.018 | 0.19 | Expansion |
| And | 761.5 | 1006.5 | 245.0 | 0.55 | 2.25 | 0.035 | 0.70 | Expansion |
| 30-1143 | 21.0 | 184.5 | 163.5 | 0.47 | 3.41 | <0.005 | 0.50 | Expansion |
| And | 265.5 | 313.5 | 48.0 | 0.67 | 6.15 | <0.005 | 0.71 | Expansion |
| And | 490.5 | 517.5 | 27.0 | 0.37 | 3.63 | <0.005 | 0.39 | Expansion |
| 30-1144 | 22.0 | 62.0 | 40.0 | 0.23 | 1.70 | <0.005 | 0.24 | Infill |
| And | 227.0 | 975.0 | 748.0 | 0.27 | 1.84 | 0.023 | 0.37 | Both |
| (including) | 227.0 | 789.4 | 562.4 | 0.27 | 1.74 | 0.018 | 0.34 | Infill |
| (including) | 789.4 | 975.0 | 185.6 | 0.29 | 2.15 | 0.039 | 0.44 | Expansion |
| 30-1145 | 16.0 | 52.1 | 36.1 | 0.14 | 1.75 | <0.005 | 0.15 | Infill |
| And | 151.5 | 208.6 | 57.1 | 0.23 | 2.40 | <0.005 | 0.25 | Infill |
| And | 257.3 | 285.0 | 27.7 | 0.13 | 1.50 | <0.005 | 0.15 | Infill |
| And | 334.5 | 374.0 | 39.5 | 0.24 | 1.95 | 0.007 | 0.28 | Infill |
| And | 415.3 | 462.5 | 47.2 | 0.18 | 1.47 | 0.009 | 0.23 | Infill |
| And | 477.7 | 627.0 | 149.3 | 0.15 | 1.11 | 0.016 | 0.22 | Expansion |
| And | 717.7 | 770.0 | 52.3 | 0.18 | 1.24 | 0.024 | 0.28 | Expansion |
| 30-1146 | 12.0 | 204.0 | 192.0 | 0.31 | 2.36 | <0.005 | 0.32 | Infill |
| And | 264.0 | 399.0 | 135.0 | 0.13 | 1.02 | 0.014 | 0.19 | Infill |
| And | 423.0 | 1152.0 | 729.0 | 0.21 | 1.48 | 0.019 | 0.29 | Both |
| (including) | 423.0 | 713.5 | 290.5 | 0.21 | 1.37 | 0.018 | 0.28 | Infill |
| (including) | 713.5 | 1152.0 | 438.5 | 0.21 | 1.55 | 0.020 | 0.29 | Expansion |
* See explanatory notes below on copper equivalent values and Quality Assurance/Quality Controls.
** ‘Both’ indicates drill holes that have contiguous shallower infill as well as deeper expansion intercepts.
Discussion
Drill hole 30-0881, located on the western margin of the Copper Mountain pit, was a historical hole that was re-analyzed from available core to include sections that had not been previously assayed. New results added three new significant mineralized intervals (expansion) including 62.5 metres averaging 0.29% Cu, 2.20 g/t Ag and 0.020% Mo, followed by 45.4 metres averaging 0.20% Cu and 1.67 g/t Ag and an additional 421.8 metres averaging 0.28% Cu, 1.24 g/t Ag and 0.026% Mo. The last portion of 144.4 metres of the latter intersection confirmed previously reported results, and this historical hole will now constitute a depth expansion in the upcoming MRE update.
Drill holes 30-1132 and 30-1137, located near the eastern margin of the 2024 MRE model, cut multiple intersections of mineralization, 15 to 125 metres thick and distributed in ‘layer cake’ fashion from surface, including 125.2 metres averaging 0.20% Cu, 1.25 g/t Ag and 0.009% Mo (expansion in 30-1137), extending mineralization in this area to vertical depths of 783 and 851 metres, respectively.
Drill hole 30-1135, located in the south-central portion of the 2024 MRE model, cut multiple intersections of mineralization, 26 to 201 metres thick and distributed in ‘layer cake’ fashion from surface, including a deeper intersection of 201.0 metres averaging 0.20% Cu, 1.59 g/t Ag and 0.026% Mo (expansion), extending mineralization in this area to a vertical depth of 729 metres.
Drill hole 30-1141, located on top of Copper Mountain near the centre of the 2024 MRE model and inclined 61 degrees to the north, cut 171.5 metres averaging 0.42% Cu and 3.12 g/t Ag (infill) as well as multiple short 10 to 28 metre intersections to a depth of 695 metres.
Drill hole 30-1142, located near the southwestern lip of the Copper Mountain open pit, cut one mineralized interval of 585.0 metres averaging 0.24% Cu, 0.96 g/t Ag and 0.017% Mo (infill and expansion), followed by 245.0 metres averaging 0.55% Cu, 2.25 g/t Ag and 0.035% Mo (expansion). This hole confirmed mineralization in this area to a vertical depth of 1006 metres.
Drill hole 30-1143, located 50 metres south of the southern margin of the 2024 MRE model in the Southern Extension Zone, cut 163.5 metres averaging 0.47% Cu and 3.41 g/t Ag followed by 48.0 metres averaging 0.67% Cu and 6.15 g/t Ag, once again confirming the higher copper and silver grades of mineralization in this zone.
Drill hole 30-1144, located on the western flank of Copper Mountain and inclined 67 degrees to the north, cut two mineralized intervals including 40.0 metres averaging 0.23% Cu and 1.70 g/t Ag (infill) followed by 748.0 metres averaging 0.27% Cu, 1.84 g/t Ag and 0.023% Mo (infill and expansion), extending mineralization in this area to a vertical depth of 895 metres.
Drill hole 30-1145, located between holes 30-1135 and 30-1137, cut five intersections of mineralization, 28 to 57 metres thick and distributed in ‘layer cake’ fashion from surface to a depth of 462 metres (all infill), followed by 149.3 metres averaging 0.15% Cu, 1.11 g/t Ag and 0.016% Mo (expansion) and 52.3 metres averaging 0.18% Cu, 1.24 g/t Ag and 0.024% Mo (expansion), extending mineralization in this area to a vertical depth of 770 metres.
Drill hole 30-1146, located on top of Copper Mountain near the centre of the 2024 MRE, cut 192.0 metres averaging 0.31% Cu and 2.36 g/t Ag (infill) followed by 135.0 metres averaging 0.13% Cu, 1.02 g/t Ag and 0.014% Mo (infill) and then 729.0 metres averaging 0.21% Cu, 1.48 g/t Ag and 0.019% Mo (infill and expansion), extending mineralization in this area to a vertical depth of 1152 metres.
Mineralization at Gaspé Copper is of porphyry copper/skarn type and occurs as disseminations and stockworks of chalcopyrite with pyrite or pyrrhotite and minor bornite and molybdenite. One prograde and at least five retrograde vein/stockwork mineralizing events have been recognized at Copper Mountain, which overprint earlier, bedding replacement skarn and porcellanite-hosted mineralization throughout the Gaspé Copper system. Porcellanite is a historical mining term used to describe bleached, pale green to white potassic-altered hornfels. Subvertical stockwork mineralization dominates at Copper Mountain whereas prograde bedding-parallel mineralization, which is mostly stratigraphically controlled, dominates in the area of lower Copper Mountain, Needle Mountain, Needle East, and Copper Brook. High molybdenum grades (up to 0.5% Mo) were locally obtained in both the C Zone and E Zone skarns away from Copper Mountain.
The 2022 to 2024 Osisko Metals drill programs were focused on defining open-pit resources within the Copper Mountain stockwork mineralization (see May 6, 2024 MRE press release). Extending the resource model south of Copper Mountain into the poorly-drilled prograde skarn/porcellanite portion of the system subsequently led to a significantly increased resource, mostly in the Inferred category (see November 14, 2024 MRE press release).
The current drill program is designed to convert the November 2024 MRE to Measured and Indicated categories, as well as test the expansion of the system deeper into the stratigraphy and laterally to the south and southwest towards Needle East and Needle Mountain respectively. The November 2024 MRE was limited at depth to the base of the L1 skarn horizon (C Zone), and all mineralized intersections below this horizon represent potential depth extensions to the deposit, to be included in the next scheduled MRE update in Q1 2026.
Most holes are being drilled sub-vertically into the altered calcareous stratigraphy that dips 20 to 25 degrees to the north. The L1 (C Zone) the L2 (E Zone) skarn/marble horizons were intersected in most holes, as well as intervening porcellanites that host the bulk of the disseminated copper mineralization.
Table 2: Drill hole locations
| DDH No. | Azimuth (°) | Dip (°) | Length (m) | UTM E | UTM N | Elevation |
| 30-0881 | 91.9 | -86.0 | 1044.5 | 315110 | 5426797 | 599.2 |
| 30-1132 | 0.0 | -90.0 | 783.4 | 316403 | 5426390 | 667.5 |
| 30-1135 | 0.0 | -90.0 | 846.0 | 316218 | 5425935 | 618.6 |
| 30-1137 | 0.0 | -90.0 | 930.0 | 316498 | 5426089 | 652.6 |
| 30-1141 | 1.0 | -61.0 | 843.0 | 316151 | 5426415 | 742.6 |
| 30-1142 | 0.0 | -90.0 | 1011.0 | 315401 | 5426545 | 584.2 |
| 30-1143 | 0.0 | -90.0 | 714.0 | 316585 | 5425554 | 560.9 |
| 30-1144 | 0.0 | -67.0 | 975.0 | 315811 | 5426423 | 658.5 |
| 30-1145 | 0.0 | -90.0 | 948.0 | 316465 | 5426040 | 656.8 |
| 30-1146 | 0.0 | -90.0 | 1173.0 | 316000 | 5426300 | 741.6 |
Explanatory note regarding copper-equivalent grades
Copper Equivalent grades are expressed for purposes of simplicity and are calculated taking into account: 1) metal grades; 2) estimated long-term prices of metals: US$4.25/lb copper, $20.00/lb molybdenum, and US$24/oz silver; 3) estimated recoveries of 92%, 70%, and 70% for Cu, Mo, and Ag respectively; and 4) net smelter return value of metals as percentage of the price, estimated at 86.5%, 90.7%, and 75.0% for Cu, Mo, and Ag respectively.
Qualified Person
The scientific and technical content of this news release has been reviewed and approved by Mr. Bernard-Olivier Martel, P. Geo. (OGQ 492), an independent ‘qualified person’ as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (‘NI 43-101’).
Quality Assurance / Quality Control
Mineralized intervals reported herein are calculated using an average 0.12% CuEq lower cut-off over contiguous 20-metre intersections (shorter intervals as the case may be at the upper and lower limits of reported intervals). Intervals of 10 metres or less are not reported unless indicating significantly higher grades. True widths are estimated at 90 – 92% of the reported core length intervals.
Osisko Metals adheres to a strict QA/QC program for core handling, sampling, sample transportation and analyses, including insertion of blanks and standards in the sample stream. Drill core is drilled in HQ or NQ diameter and securely transported to its core processing facility on site, where it is logged, cut and sampled. Samples selected for assay are sealed and shipped to ALS Canada Ltd.’s preparation facility in Sudbury. Sample preparation details (code PREP-31DH) are available on the ALS Canada website. Pulps are analyzed at the ALS Canada Ltd. facility in North Vancouver, BC. All samples are analyzed by four acid digestion followed by both ICP-AES and ICP-MS for Cu, Mo and Ag.
About Osisko Metals
Osisko Metals Incorporated is a Canadian exploration and development company creating value in the critical metals sector, with a focus on copper and zinc. The Company acquired a 100% interest in the past-producing Gaspé Copper mine from Glencore Canada Corporation in July 2023. The Gaspé Copper mine is located near Murdochville in Québec‘s Gaspé Peninsula. The Company is currently focused on resource expansion of the Gaspé Copper system, with current Indicated Mineral Resources of 824 Mt averaging 0.34% CuEq and Inferred Mineral Resources of 670 Mt averaging 0.38% CuEq (in compliance with NI 43-101). For more information, see Osisko Metals’ November 14, 2024 news release entitled ‘Osisko Metals Announces Significant Increase in Mineral Resource at Gaspé Copper’. Gaspé Copper hosts the largest undeveloped copper resource in eastern North America, strategically located near existing infrastructure in the mining-friendly province of Québec.
In addition to the Gaspé Copper project, the Company is working with Appian Capital Advisory LLP through the Pine Point Mining Limited joint venture to advance one of Canada‘s largest past-producing zinc mining camps, the Pine Point project, located in the Northwest Territories. The current mineral resource estimate for the Pine Point project consists of Indicated Mineral Resources of 49.5 Mt averaging 5.52% ZnEq and Inferred Mineral Resources of 8.3 Mt averaging 5.64% ZnEq (in compliance with NI 43-101). For more information, see Osisko Metals‘ June 25, 2024 news release entitled ‘Osisko Metals releases Pine Point mineral resource estimate: 49.5 million tonnes of indicated resources at 5.52% ZnEq’. The Pine Point project is located on the south shore of Great Slave Lake, NWT, close to infrastructure, with paved road access, an electrical substation and 100 kilometres of viable haul roads.
For further information on this news release, visit www.osiskometals.com or contact:
Don Njegovan, President
Email: info@osiskometals.com
Phone: (416) 500-4129
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. Any statement that involves predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often, but not always, using phrases such as ‘expects’, or ‘does not expect’, ‘is expected’, ‘interpreted’, ‘management’s view’, ‘anticipates’ or ‘does not anticipate’, ‘plans’, ‘budget’, ‘scheduled’, ‘forecasts’, ‘estimates’, ‘potential’, ‘feasibility’, ‘believes’ or ‘intends’ or variations of such words and phrases or stating that certain actions, events or results ‘may’ or ‘could’, ‘would’, ‘might’ or ‘will’ be taken, occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This news release contains forward-looking information pertaining to, among other things: the tax treatment of the FT Units; the timing of incurring the Qualifying Expenditures and the renunciation of the Qualifying Expenditures; the ability to advance Gaspé Copper to a construction decision (if at all); the ability to increase the Company’s trading liquidity and enhance its capital markets presence; the potential re-rating of the Company; the ability for the Company to unlock the full potential of its assets and achieve success; the ability for the Company to create value for its shareholders; the advancement of the Pine Point project; the anticipated resource expansion of the Gaspé Copper system and Gaspé Copper hosting the largest undeveloped copper resource in eastern North America.
Forward-looking information is not a guarantee of future performance and is based upon a number of estimates and assumptions of management, in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, including, without limitation, assumptions about: the ability of exploration results, including drilling, to accurately predict mineralization; errors in geological modelling; insufficient data; equity and debt capital markets; future spot prices of copper and zinc; the timing and results of exploration and drilling programs; the accuracy of mineral resource estimates; production costs; political and regulatory stability; the receipt of governmental and third party approvals; licenses and permits being received on favourable terms; sustained labour stability; stability in financial and capital markets; availability of mining equipment and positive relations with local communities and groups. 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 are set out in the Company’s public disclosure record on SEDAR+ (www.sedarplus.ca) under Osisko Metals’ issuer profile. Although the Company 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 Company 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.
Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/704df619-458e-4636-a360-a7c147b0444c
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The House of Representatives passed a roughly $80 billion spending package Wednesday evening, taking a significant step toward averting a government shutdown at the end of this month.
The package combines two of Congress’ 12 annual appropriations bills in what’s called a ‘minibus.’ It covers funding for the State Department and related national security, as well as federal financial services and general government operations.
The bill passed with overwhelming bipartisan support in a 341-79 vote.
Glaring questions still remain, however, over funding for the Department of Homeland Security (DHS) as progressives threaten to withhold support from any such bill unless it’s paired with significant reforms to Immigration and Customs Enforcement (ICE).
The push comes from the left in response to an ICE agent shooting 37-year-old Renee Nicole Good, a U.S. citizen who was driving her car when it made physical contact with a law enforcement official who then fatally shot her.
Partisan divisions have erupted over the narrative, with GOP officials like DHS Secretary Kristi Noem saying the agent acted in self-defense, while Democrats on Capitol Hill have called for criminal investigations.
DHS funding was initially expected to be part of this minibus, but House Appropriations Committee Chairman Tom Cole, R-Okla., told reporters earlier this week he would like to see the bill as part of the final package that’s also expected to include funding for the Department of War, Department of Transportation, Department of Labor, the Education Department and Health and Human Services, among others.
But the top Democrat on the panel, Rep. Rosa DeLauro, D-Conn., told reporters Tuesday she wanted to see DHS funding as a separate bill.
‘It’s got to be by itself,’ DeLauro said. ‘It’s got to be separate.’
Meanwhile, the Congressional Progressive Caucus is formally threatening to oppose any DHS funding that does not change immigration enforcement policy, Rep. Ilhan Omar, D-Minn., announced.
‘Our caucus members will oppose all funding for immigration enforcement in any appropriation bills until meaningful reforms are enacted to end militarized policing practices. We cannot, and we should not continue to fund agencies that operate with impunity,’ she told reporters.
But the bill that passed Wednesday did so with wide bipartisan support, as expected.
All federal spending bills after last year’s government shutdown are a product of bipartisan discussions between the House and Senate.
The recent package totals just over $76 billion in federal funds and is now headed to the Senate for its approval before reaching President Donald Trump’s desk.
The State Department and national security bill includes $850 million for an ‘America First Opportunity Fund,’ aimed at giving the secretary of state funding to respond to potential unforeseen circumstances.
Both Republicans and Democrats touted different victories in the legislation, with a summary by House Appropriations Committee Republicans stating the bill supports ‘President Trump’s America First foreign policy by eliminating wasteful spending on DEI or woke programming, climate change mandates, and divisive gender ideologies.’
Democrats said the bill ‘supports women globally’ by ‘protecting funding for bilateral family planning and the United Nations Population Fund (UNFPA)’ and pointed to $6.8 billion for a new account ‘that supports the activities previously funded under Development Assistance.’
The bill also provides millions in security assistance for Israel and Taiwan, among other global partners across the world.
The latter bill provides just over $13 billion for the U.S. Treasury for the remainder of fiscal year 2026, while also including a provision that stops the IRS ‘from targeting individuals or groups for exercising their First Amendment rights or ideological beliefs,’ according to Republicans.
It also provides $872 million for the Executive Office of the President and $9.69 billion in discretionary funding for the Federal Judiciary.
Across the Capitol, the Senate is expected to vote on and pass the previous three-bill funding package on Thursday before leaving Washington, D.C., for a weeklong recess.
Neither side appears willing to thrust the government into another shutdown, with Senate Democrats in particular viewing the package as an opportunity to fund several of their priorities. But there is a growing consensus that a short-term funding patch will be needed to allow lawmakers to finish work on the thornier DHS bill.
‘Homeland is obviously the hardest one, and it’s possible that, if we can’t get agreement, that there could be some sort of CR that funds some of these bills into next year,’ Senate Majority Leader John Thune, R-S.D., said.
Still, bipartisan funding talks are still happening, a stark departure from the last government funding deadline in October. But lawmakers in the upper chamber won’t be able to tackle the two-bill package until they return toward the end of the month.
Japanese Prime Minister Sanae Takaichi plans to dissolve Parliament’s powerful lower house as early as this month, setting up a snap election aimed at securing voter backing for her agenda while her approval ratings remain high, a senior party official said.
The Associated Press reported that the move would allow Takaichi to seek fresh support for her economic and security priorities at a time when her scandal-tainted party and a new coalition partner hold only a slim majority in Japan’s legislature.
Takaichi made history in October when she was elected as Japan’s first female prime minister.
Described by some Japanese and international media as an ultraconservative, hard-line figure, Takaichi has backed strengthening Japan’s defense posture, emerged as a vocal China hawk and supported constitutional revisions to expand the role of the Self-Defense Forces.
Calling a snap election could allow Takaichi to capitalize on approval ratings of about 70% and help her Liberal Democratic Party gain additional seats in Parliament.
Shunichi Suzuki, secretary general of the ruling Liberal Democratic Party, told reporters that Takaichi informed him and other senior officials of her intention to dissolve the lower house ‘soon’ after it convenes Jan. 23.
Suzuki said no date has been set for dissolving the chamber or holding a snap election, adding that Takaichi plans to outline her strategy at a news conference Monday.
Takaichi’s scandal-tainted LDP and its coalition hold only a narrow majority in the lower house, Parliament’s more powerful chamber, after losses in the 2024 election.
By calling an early vote, Takaichi appears to be aiming to expand her party’s share of seats and strengthen its position alongside a new junior coalition partner.
Opposition lawmakers criticized the plan as self-serving, saying it would delay urgent parliamentary debate over the national budget, which must be approved quickly.
Echoing Suzuki’s comments, media reports have said Takaichi plans to dissolve the lower house on Jan. 23, the opening day of this year’s ordinary parliamentary session, potentially setting the stage for a snap election as early as Feb. 8.
Takaichi is seeking voter backing for her agenda, including ‘proactive’ fiscal spending and an accelerated military buildup under a new coalition with the Japan Innovation Party, Suzuki said.
The conservative Japan Innovation Party joined the ruling bloc after the centrist Komeito party withdrew, citing disagreements over Takaichi’s ideological positions and her approach to anti-corruption reforms.
Takaichi met Wednesday with Suzuki and other coalition leaders after holding talks in Nara with South Korean President Lee Jae Myung at a summit aimed at strengthening bilateral ties. The meetings came as she faces rising trade and political tensions with China following remarks on Taiwan that angered Beijing days after she took office.
Winning a snap election would also make it easier for Takaichi and her governing bloc to pass a budget and advance other legislation.
Her Cabinet approved a record 122.3 trillion yen ($770 billion) budget in late December that must clear Parliament before the fiscal year begins in April. The plan includes measures to fight inflation, support low-income households and boost economic growth.
Known for her hawkish and nationalistic views and her ultra-conservative positions on social issues, including gender and sexual diversity, Takaichi is seeking to reclaim conservative voters drawn to emerging populist parties in recent elections.
The Associated Press contributed to this report.
Republican Sen. Lindsey Graham of South Carolina declared in a Wednesday post on X that the U.S. should utilize ‘any means necessary’ to stop the individuals ‘responsible for killing’ Iranians.
‘People often ask me what should we do next when it comes to the murderous, religious Nazi regime in Iran. It’s pretty simple. Stand by the protesters demanding an end to their oppression. But it’s going to take more than standing by them. We must stop those who are responsible for killing the people by any means necessary ASAP. Make The Iranian People Safe Again,’ the hawkish lawmaker said in the post on X.
Protesters in the Islamic Republic of Iran have been met with a deadly crackdown.
‘We have been informed by very important sources on the other side, and they’ve said the killing has stopped and the executions won’t take place,’ President Donald Trump said on Wednesday afternoon, noting, ‘we’ve been told on good authority. And I hope it’s true.’
But in a Wednesday night post on X, Graham said, ‘Every indication that I’ve seen says that the Iranian regime’s killing of protestors is still very much in full swing. The death toll is mounting by the hour. Hoping that help is on the way.’
President Trump has been declaring his support for Iranian dissidents and promising that help is coming.
‘Iranian Patriots, KEEP PROTESTING – TAKE OVER YOUR INSTITUTIONS!!! Save the names of the killers and abusers. They will pay a big price. I have cancelled all meetings with Iranian Officials until the senseless killing of protesters STOPS. HELP IS ON ITS WAY. MIGA!!!’ the U.S. commander in chief declared in a Tuesday Truth Social post, using an acronym to abbreviate the phrase ‘Make Iran Great Again.’
Graham, an advocate for U.S. intervention against the Iranian regime, shared a screenshot of the president’s post and discussed the issue.
‘The tipping point of this long journey will be President Trump’s resolve. No boots on the ground, but unleashing holy hell — as he promised — on the regime that has trampled every red line. A massive wave of military, cyber and psychological attacks is the meat and bones of ‘help is on the way,’’ Graham declared in the post.
‘What am I looking for? Destroy the infrastructure that allows the massacre and slaughter of the Iranian people, and take down the leaders responsible for the killing,’ he noted.
Iranian Foreign Minister Abbas Araghchi rejected claims of mass casualties amid a recent surge in protests within the Islamic country and blamed any killings that have taken place on an ‘Israeli plot’ intended to create a large number of casualties.
The claim came during a wide-ranging interview on Fox News’ ‘Special Report with Brett Baier’ Wednesday evening, during which Araghchi was told estimates have indicated the death toll in his country could be anywhere between 2,500 to more than 12,000 protesters. But, according to the top Iranian official, the number is in the hundreds.
‘When terrorist elements led from outside, entered this, you know, protests and started to shoot, you know, police forces, police officers and security forces. And there were terrorist cells. They came in, they used Daesh-style terrorist operations. They got police officers, burned them alive, they beheaded them, and they started shooting at police officers and also to the people. So as a result, for three days, we had, in fact, fighting against terrorists, and not with the protesters,’ Araghchi said. ‘It was completely a different story.’
According to Araghchi, these rogue, terrorist-like actors he spoke of started shooting at civilians for ‘one reason,’ which he said was to draw the United States into the conflict.
‘They wanted to increase the number of deaths. Why? Because President Trump has said that if there are killings, he would intervene. And they wanted to drag him into this conflict,’ the Iranian Foreign Minister continued. ‘And that was exactly an Israeli plot. They started to increase the number of deaths by killing ordinary people, by killing police officers, by starting a kind of, you know, fighting inside the different cities.’
Iran has seen widespread unrest since the last week of December, as the country faces a massive economic crash that spurred many in Iran to take to the streets in protest.
Contrary to Araghchi’s claims are eyewitness reports that describe government forces in Iran firing upon unarmed protesters. Some even spoke of snipers taking aim at innocent Iranians, according to testimony shared with the New York Times.
During Baier’s interview with Iran’s Foreign Minister, Araghchi also insisted that there are no imminent plans to hang, or otherwise execute, protesters. The top Iranian official tried to downplay the unrest erupting in his country as well, arguing there is now ‘a calm.’
‘We are in full control,’ Araghchi added. ‘And let’s, you know, hope that wisdom would prevail. And we don’t go for a high level of tension, which could be disastrous for everybody.’
Several federal prosecutors in Minnesota were formally fired on Wednesday after they gave notice that they had resigned in the wake of internal disagreements over the Justice Department’s handling of a shooting investigation involving Immigration and Customs Enforcement.
The DOJ, at the direction of Attorney General Pam Bondi and Deputy Attorney General Todd Blanche, terminated the employment of five prosecutors in the U.S. attorney’s office in Minnesota, including Joseph Thompson, the No. 2 official there,according to two sources familiar with the matter.
Their resignations and the internal disputes about the shooting probe first surfaced in the New York Times. The prosecutors were positioned to receive paid leave for months prior to their firings on Wednesday,according to the sources.
Thompson was spearheading a massive, high-profile investigation into welfare fraud in the state before he submitted his resignation. His exit came after he clashed with officials in Washington, D.C., over the investigation into the ICE shooting, which left 37-year-old Renee Good dead. Fox News Digital reached out to the U.S. Attorney’s Office in Minnesota in an effort to reach Thompson for comment.
Thompson had expressed during a call with DOJ and FBI officials last week that he was on board with investigating the ICE shooting as an assault on or obstruction of a law enforcement officer, a source familiar with the call told Fox News Digital.
Another one of the fired prosecutors, Melinda Williams, who was also involved in the fraud work, was on the call as well, the source said.
Thompson also indicated that he believed the shooting was justified, two sources said. Prior to the shooting, he had already been discussing the possibility of resigning, the sources said.
Videos of the shooting showed an ICE agent opening fire on Good at close range after she was seen accelerating toward the agent in her vehicle while he was standing in front of it. Critics have argued that the agent improperly used deadly force against Good and that she had turned the wheels of her vehicle away from the agent before accelerating.
The FBI is investigating the incident and has excluded Minnesota prosecutors from the probe, which the Trump administration has said is justified because the incident involved a federal officer. Minnesota leaders have denounced that decision and launched their own parallel investigation.
While supportive of conducting the investigation as an offensive against law enforcement — rather than a civil rights matter against the agent — Thompson had reservations during last week’s call about the DOJ’s plan to also investigate Good’s widow and other possible co-conspirators, the source familiar with the call said.
The FBI had developed evidence that suggested Good and her spouse had at some point been following ICE officers on the day of the shooting, the source said.
That revelation echoes Homeland Security Secretary Kristi Noem’s allegations during a recent press conference that Good had been ‘stalking and impeding’ ICE throughout the day of the shooting. Noem said Good ‘weaponized’ her vehicle and that the ICE agent who fired shots feared for his life.
In a statement to Minnesota Public Radio, Good’s spouse, Becca, said that on Jan. 7, the day of the shooting, she and Renee ‘stopped to support [their] neighbors.’
‘We had whistles. They had guns,’ Becca Good said.
Minneapolis Mayor Jacob Frey and other Democrats have lauded the prosecutors who resigned, framing their departures as a valiant boycott against DOJ.
‘These prosecutors are heroes, and the people pushing to prosecute Renee’s widow are monsters,’ Frey wrote on X.
At this stage, there is no sign that the DOJ is planning to bring charges against Becca Good, despite the DOJ and FBI pursuing an investigation into her as part of a broader probe into any conspiracies to hinder federal law enforcement operations.
Fox News Digital reached out to the DOJ for comment.
David Spunt contributed to this report.