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The US Federal Reserve held its sixth meeting of 2025 from Tuesday (September 16) to Wednesday (September 17) amid slowing growth in the country’s jobs market.

The central bank met analysts’ expectations by lowering the federal funds rate by 25 basis points to the 4 to 4.25 percent range. It marks the first cut of 2025, after holding at the 4.25 to 4.5 percent range since December 2024.

Despite August consumer price index (CPI) data showing inflation rose to 2.9 percent from 2.7 percent in July, a weakening labor market became the focus of the Fed’s dual mandate of stable prices and maximum employment.

“The case for a persistent inflation outbreak is less, and that’s why we think it’s time for us to acknowledge the risks to the other mandate have grown, and we should move in the direction of neutral,” said Chair Jerome Powell.

The most recent US jobs report indicates that August brought an increase of just 22,000 new workers, while the unemployment rate ticked up to 4.3 percent from 4.2 percent in July. Additionally, the Bureau of Labor Statistics, which produced the report, announced a downward revision to June’s figures, showing a loss of 13,000 jobs.

Similarly, July’s report, released on August 1, marked a significant weakening in the labor force, bringing the three month average to just 28,000 new jobs after growth of 192,000 in the February to April period.

Following that report, US President Donald Trump fired the head of the Bureau of Labor Statistics, suggesting the jobs data was “rigged” to make his administration look bad. Both the slowing American labor market and rising inflation over the past few months have been blamed on the effects of Trump’s tariffs trickling into the economy.

Trump has been critical of the Fed and Powell in particular, saying they haven’t moved quickly enough to lower rates.

While he is unable to remove Powell, in August Trump attempted to fire Fed Governor Lisa Cook over alleged mortgage fraud stemming from mortgage applications where she listed two homes as principal residences. Recent documents have shown those allegations to be false, and that Cook listed one of the homes as a vacation property.

On Monday (September 15), an appeals court blocked Cook’s removal from the Fed’s Board of Governors, allowing her to participate in this week’s meeting. Also this week, the Senate confirmed Stephen Miran to the board in a 48 to 47 decision along party lines. He will be replacing Adriana Kugler, who resigned in August.

Miran is on leave from his position at the White House’s Council of Economic Advisers and increases Trump’s influence over the seven member board. The nomination process for a new board member usually lasts months, but Miran’s appointment took just six weeks, allowing him to participate in this week’s meeting.

The gold price rose to a record high of US$3,707.34 per ounce shortly after the decision, but quickly fell back to the US$3,650 level. Silver spiked as high as US$42.24 per ounce following the meeting, still trading near 14 year highs.

Equities were mixed on Wednesday, with the S&P 500 (INDEXSP:INX) losing 0.31 percent to reach 6,586. Meanwhile, the Nasdaq-100 (INDEXNASDAQ:NDX) shed 1.03 percent to come in at 24,036, and the Dow Jones Industrial Average (INDEXDJX:DJI) gained 0.5 percent, coming to 45,084.

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

This post appeared first on investingnews.com

Resolution Minerals Ltd (RML or Company) (ASX: RML) is pleased to announce it has received firm commitments for a placement of fully paid ordinary shares in the Company (Shares) to sophisticated investors to raise a total of $25.1 million (before costs) at an issue price of $ 0.05 per Share (Placement).

Highlights

  • Commitments received for a successful placement of $25.1 million at $0.05 per share
  • Placement supported by a range of high net worth and global institutions including John Hancock’s Family Office, Astrotricha Capital SEZC and S3 Consortium (Stocks Digital), as well as director participation of $200,000
  • The placement has institutionalised the Company’s register, including $7.75m cornerstoned by high-calibre, supportive and value-add local and international investor groups
  • RML’s medium term work programs and working capital requirements are now fully funded
  • RML balance sheet strengthened ahead of the proposed NASDAQ listing
  • RML is aiming to become a major player in the US critical minerals space and is aiming to meet the needs of the current White House Administration’s and the Department of War’s critical mineral US national security supply requirements

Of the total $25.1 million placement funds, $18,400,000 (Tranche 1) will be settled on or around 26 September 2025, and the remaining $6,700,000 (Tranche 2) (total of $25.1 million) is anticipated to settle within approximately 60 days, and following the next shareholder meeting.

Subject to receipt of shareholder approval in a general meeting (anticipated mid November 2025), participants in the Placement will also be issued one (1) option for every two (2) Shares issued under the Placement, for no additional consideration. The Options will have an exercise price of $0.10 per Share and expire on 30 November 2029 – key terms included in this announcement (Option). The Options will be listed, subject to ASX listing requirements being met.

The Placement will be conducted via two (2) tranches, as follows:

(a) Tranche 1: 422,000,000 Shares as follows:

(i) 150,000,000 Shares will be issued under the Company’s existing pre-approved placement capacity that was approved by shareholders at the general meeting held on 25 July 2025; and

(ii) 272,000,000 Shares will otherwise be issued under the Company’s Listing Rule 7.1 & 7.1A capacity (146,542,986 Shares under Listing Rule 7.1 and 125,457,014 Shares under Listing Rule 7.1A); and

(b) Tranche 2: subject to shareholder approval under Listing Rule 7.1, via the issue of 80,000,000 Shares and up to 251,000,000 attaching Options (subject to rounding).

Click here for the full ASX Release

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Vanadium is an important metal for both the steel and battery manufacturing industries.

Both of these sectors play key roles in economic growth and a new era in defense and energy security. Supply and demand fundamentals for the metal indicate a strong long-term outlook for the vanadium market.

Many investors believe the vanadium industry is compelling and are interested in getting involved in this evolving market. Read on for a brief overview of the metal, from supply and demand to how to invest in this exciting industrial and battery metal.

In this article

    What is vanadium?

    Named after Vanadis, the Norse god of beauty, vanadium is a silvery-gray transition metal that was discovered in 1801.

    Vanadium occurs in about 65 different minerals, and is mined as a by-product of other metals, usually uranium. It is also found in deposits of phosphate rock, titaniferous magnetite, uraniferous sandstone and siltstone. Aside from that, it is present in bauxite and in carboniferous materials such as crude oil, coal, oil shale and tar sands.

    Vanadium demand trends

    Vanadium applications have grown in recent years, contributing to price growth. The vast majority of vanadium is used as an additive in the steel industry to make a high-strength product that is lighter, stronger and more resistant to shock and corrosion.

    Vanadium content of less than 0.1 percent is needed to double the strength of steel, and although other metals — including manganese, molybdenum, niobium, titanium and tungsten — can be interchanged with vanadium for alloying with steel, there is no substitute for vanadium in aerospace titanium alloys.

    Over the last few years, China has increased its vanadium use, producing steel rebar with high tensile strength for construction. Vanadium compounds are also used in nuclear reactors because they have low neutron-absorbing properties. Vanadium oxide is used as a pigment for ceramics and glass, and can act as a catalyst in the production of superconducting magnets.

    In addition to the steel alloy sector, the metal is often used to make parts for jet engines, as well as crankshafts, axles and gears. What’s more, vanadium redox batteries (VRFB) are currently generating excitement because they are reusable over semi-infinite cycles, and do not degrade for at least 20 years, allowing energy storage systems the ability to bank renewable energy.

    However, these batteries are quite large compared to lithium-ion batteries, and are better suited for industrial or commercial use rather than for use in electric vehicles. That said, there are a number of companies around the world working on developing the technology for residential and smaller-scale use.

    Vanadium supply trends

    The top vanadium producing countries are China, Russia and South Africa, and worldwide vanadium production totaled 100,000 metric tons (MT) in 2024. China was the world’s largest producer of vanadium by far, contributing 70,000 metric tons of vanadium. Russia came in at a distant second with output of 21,000 MT, and South Africa was in third place with 8,000 MT.

    Russian-owned Evraz is a large vanadium producer with assets in Russia and Czechia, and is a major supplier of ferrovanadium to the European steel market. In the first half of 2022, Russia’s invasion of Ukraine and subsequent trade sanctions have prompted end-users to look for more secure vanadium supplies. By the end of 2024, Russian vanadium pentoxide exports to China had dried up, and supply uncertainties were also reported in South Africa.

    For his part, CRU Group’s Goel believes other nations are also interested in boosting domestic vanadium production. “Governments worldwide have recognized vanadium as a critical mineral, leading to increased support for emerging vanadium projects,” he said. Goel cited as an example the private Australian company Vecco Group, which received an AU$3.8 million grant to advance the feasibility and design of its vanadium project in Brisbane.

    However, vanadium will have to break free from the current low pricing environment if ex-China projects are to move from discovery to production.

    How to invest in vanadium stocks

    Vanadium bullion is available from private individuals, but the metal is not publicly traded, and so most experts do not advise investing in physical vanadium. Instead, vanadium stocks are a common way to gain exposure.

    There are several publicly traded companies currently producing vanadium for investors to consider, as well as many companies exploring or developing vanadium projects, including as a by-product of other minerals. See the list of vanadium stocks you can invest in below for more details on their operations.

    [shortcode-js-qm-watchlist-widget stocks=’AVL:AU,BMN:LN,EFR:CC,LGO,NEXT:CC,QEM:AU,SR:CC,VRB:CC,WUC:CC’

    Australian Vanadium (ASX:AVL)
    Australian Vanadium is building a vanadium pit-to-battery value chain in Western Australia that will incorporate its flagship Australian Vanadium project, considered one of the most advanced vanadium projects being developed globally.

    Bushveld Minerals (LSE:BMN)
    Bushveld Minerals is a primary vanadium mining company with one of the world’s largest high-grade primary vanadium resources. The company’s assets, all in South Africa, include two of the world’s four operating primary vanadium production processing facilities and an under-construction vanadium electrolyte production facility.

    Energy Fuels (TSX:EFR,NYSEAMERICAN:UUUU)
    Energy Fuels is primarily focused on uranium and rare earth metals, but its White Mesa mill in Utah, US, has the ability to process uranium-bearing ore from its mines into vanadium pentoxide (V2O5) as well. While the company is not currently producing vanadium, it has a stockpile of finished V2O5, with production and sales awaiting stronger market prices.

    Largo Resources (TSX:LGO,NASDAQ:LGO)
    Largo Resources owns and operates the Maracas Menchen mine in Brazil, and has annual V2O5 equivalent production guidance of between 9,000 and 11,000 MT. The company supplies vanadium products for multiple applications, and has developed vanadium redox battery systems for advanced renewable energy storage solutions.

    Manuka Resources (ASX:MKR)
    Manuka Resources holds two fully permitted precious metals projects in the Cobar Basin of New South Wales, Australia. Through its wholly owned subsidiary, it is also advancing the Taranaki VTM iron-vanadium-titanium project, which would extract vanadium-rich iron sands from the seabed of the New Zealand exclusive economic zone.

    NextSource Materials (TSX:NEXT,OTCQB:NSRCF)
    NextSource Materials’ advanced-stage Green Giant in-situ vanadium project in Madagascar is one of the world’s largest-known vanadium deposits, with a resource estimate of 60 million MT of V2O5 at an average grade of almost 0.7 percent. Green Giant is adjacent to NextSource’s Molo graphite mine.

    QEM (ASX:QEM)
    QEM is advancing its flagship Julia Creek vanadium and energy project in Queensland’s North West Minerals Province. The project hosts one of the largest vanadium deposits in the world, with a JORC resource of 2.87 billion MT at 0.31 percent V2O5, and a contingent oil resource of up to 654 million barrels.

    Strategic Resources (TSXV:SR)
    Strategic Resources is targeting the green steel market with its flagship BlackRock vanadium-titanium-iron project in the Eeyou Istchee James Bay region of Québec, Canada. The project, which will host a mine and concentrator, is fully permitted and construction ready. The company will also have a metallurgical facility located in the Port of Saguenay.

    VanadiumCorp Resource (TSX:VRB)
    VanadiumCorp’s goal is to become a fully integrated producer of high-quality vanadium electrolytes for vanadium flow batteries. It plans to source material from its Lac Doré vanadium- and titanium-bearing magnetite deposit in the Eeyou Istchee James Bay region of Québec.

    Western Uranium and Vanadium (CSE:WUC,OTCQX:WSTRF)
    Western Uranium and Vanadium is developing high-grade uranium and vanadium production at its Sunday Mine Complex in Colorado, US, and licensing and developing the nearby Mustang mineral processing plant. In Q2 2025, it delivered stockpiled and new production from Sunday to Energy Fuels’ White Mesa mill through an ore purchase agreement.

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

    This post appeared first on investingnews.com

    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.

    Osisko Metals CEO Robert Wares commented: ‘The growth potential of the Gaspé Copper deposit continues to be demonstrated with today’s new high-grade results. Holes 30-1106 and 30-1109 reveal the presence of a thick, higher grade tabular zone lying at depth around the E Zone horizon near the eastern margin of our 2024 MRE model. This tabular zone may extend significantly to the east if it correlates to historical drilling results. Our expansion drilling is exceeding expectations, hand-in-hand with the solid infill results on our main resource area.’

    New analytical results are presented below (see Table 1), including 26 mineralized intercepts from six 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:

    • Drill hole 30-1110
      • 1091.5 metres averaging 0.20% Cu (infill and expansion)
    • Drill hole 30-1109
      • 133.7 metres averaging 1.04% Cu (expansion)
    • Drill hole 30-1106
      • 159.1 metres averaging 0.45% Cu (expansion)
    • Drill hole 30-1103
      • 167.9 metres averaging 0.24% Cu (infill)
    • Drill hole 30-1108
      • 134.8 metres averaging 0.22% Cu (infill and expansion)
    • Drill hole 30-1111
      • 304.5 metres averaging 0.17% Cu (infill)
      • 206.3 metres averaging 0.33% Cu (expansion)

    Table 1: Infill and Expansion Drilling Results

    DDH No. From (m) To (m) Length (m) Cu % Ag g/t Mo % CuEq* Type**
    30-1103 14.6 144.0 129.4 0.17 1.40 0.19 Infill
    And 322.6 490.5 167.9 0.24 1.84 0.014 0.30 Infill
    And 510.0 583.5 73.5 0.27 2.02 0.029 0.40 Expansion
    And 618.0 714.0 96.0 0.12 1.09 0.024 0.20 Expansion
    And 790.5 854.0 63.5 0.26 1.38 0.010 0.30 Expansion
    30-1106 595.5 634.5 39.0 0.40 3.58 0.44 Infill
    And 694.0 716.0 22.0 0.29 1.60 0.008 0.32 Expansion
    And 741.0 802.5 61.5 0.18 0.97 0.014 0.23 Expansion
    And 844.7 1003.8 159.1 0.45 1.95 0.011 0.50 Expansion
    (including) 864.2 898.0 33.8 1.04 3.60 0.011 1.10 Expansion
    30-1108 9.0 53.0 44.0 0.20 1.80 0.21 Infill
    And 67.0 96.0 29.0 0.17 1.62 0.19 Infill
    And 160.5 199.5 39.0 0.12 1.05 0.008 0.16 Infill
    And 354.0 417.0 63.0 0.19 1.42 0.006 0.22 Infill
    And 442.2 579.0 134.8 0.22 1.17 0.030 0.34 Both
    And 662.7 695.8 33.1 0.22 0.75 0.021 0.31 Expansion
    And 877.5 900.3 22.8 0.62 5.14 0.67 Expansion
    30-1109 463.5 487.5 24.0 0.36 2.83 0.39 Infill
    And 543.0 583.5 40.5 1.35 8.29 0.012 1.44 Infill
    And 727.3 861.0 133.7 1.04 6.48 0.017 1.14 Expansion
    30-1110 8.0 1099.5 1091.5 0.20 1.52 0.017 0.28 Both
    (including) 8.0 743.6 735.6 0.20 1.50 0.015 0.27 Infill
    (including) 743.6 1099.5 355.9 0.21 1.55 0.021 0.30 Expansion
    And 1138.5 1177.5 39.0 0.12 0.90 0.014 0.17 Expansion
    30-1111 28.5 333.0 304.5 0.17 0.80 0.007 0.20 Infill
    And 391.5 602.5 210.5 0.16 0.78 0.028 0.27 Infill
    And 634.7 682.5 47.8 0.13 1.06 0.008 0.16 Expansion
    And 730.0 936.3 206.3 0.33 2.39 0.016 0.41 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 holes 30-1103 and 30-1108, both located near the western margin of the 2024 MRE model, cut multiple intersections of mineralized material, 20 to 168 metres thick, distributed in ‘layer cake’ fashion from surface to a vertical depth of 854 and 900 metres, respectively.

    Drill hole 30-1106, located near the eastern margin of the 2024 MRE model, cut unmineralized material to a depth of about 600 metres, followed by four mineralized intervals to a vertical depth of 1004 metres. These include a higher-grade interval of 33.8 metres averaging 1.04% Cu and 3.60 g/t Ag located at the level of (and immediately below) the E Zone skarn horizon.

    Drill hole 30-1109, also located near the eastern margin of the 2024 MRE model, cut unmineralized material to a depth of about 460 metres, followed by three mineralized intervals to a vertical depth of 860 metres. These also include a higher-grade interval of 133.7 metres averaging 1.04% Cu and 6.48 g/t Ag located in skarn and porcellanites above and below the E Zone skarn horizon.

    Both 30-1106 and 30-1109 suggest potential for the presence of a higher-grade tabular deposit around the E Zone horizon that, when combined with historical drilling data, indicates a potential extension eastward towards the previously mined E-32 Zone over a lateral distance of 800 metres.

    Drill hole 30-1110, located on top of Copper Mountain near the central part of the 2024 MRE model, intersected 1091.5 metres averaging 0.20% Cu, 1.52 g/t Ag, and 0.017% Mo (0.28% CuEq), including 735.6 metres averaging 0.20% Cu, 1.50 g/t Ag, and 0.015% Mo (infill) and 355.9 metres averaging 0.21% Cu, 1.55 g/t Ag, and 0.021% Mo (expansion), extending mineralization to a vertical depth of 1100 metres and again confirming continuity of mineralization in the core of the deposit.

    Drill hole 30-1111, located immediately west of Copper Mountain near the southern lip of the pit, intersected 304.5 metres (from surface) averaging 0.17% Cu and 0.80 g/t Ag followed by three more intersections that included expansion at depth of 206.3 metres averaging 0.33% Cu, 2.39 g/t Ag, and 0.016% Mo, extending mineralization in this area to a vertical depth of 936 metres. The central porphyry intrusion was then intersected and returned 76 metres averaging negligible copper (0.08% Cu) but significant molybdenum (0.023% Mo).

    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. At least five retrograde vein/stockwork mineralizing events have been recognized at Copper Mountain, which overprint earlier prograde 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-replacement mineralization, that is mostly stratigraphically controlled, dominates in the area of 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.

    All holes are being drilled sub-vertically into the altered calcareous stratigraphy, which 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
    30-1103 0.00 -90.00 930.0 316056.0 5426038.0 634.7
    30-1106 0.00 -90.00 1131.0 316500.0 5426360.0 628.7
    30-1108 0.00 -90.00 960.00 315900.0 5426136.0 638.9
    30-1109 0.00 -90.00 861.00 316600.0 5426205.0 608.2
    30-1110 0.00 -90.00 1200.00 316077.0 5426355.0 742.7
    30-1111 0.00 -90.00 1014.00 315600.0 5426408.0 590.0

    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, US$20.00/lb molybdenum, and US$24.00/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 20 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.

    Neither the TSX Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Exchange) accept responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission, or other regulatory authority has approved or disapproved the information contained herein.

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/1435bbf7-6580-47e7-9906-c67a832e9456

    https://www.globenewswire.com/NewsRoom/AttachmentNg/ffb2d0f5-e4f4-4672-8e6e-e41e07fc2f68

    News Provided by GlobeNewswire via QuoteMedia

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    The House voted Wednesday to advance a resolution honoring slain conservative activist Charlie Kirk, clearing the way for floor debate later this week.

    Lawmakers voted in favor of advancing the measure and a bill to avert a government shutdown in a joint mechanism known as a ‘rule vote.’

    The rule was adopted in a 216 to 210 vote along party lines. Rep. Thomas Massie, R-Ky., who is known to be opposing the federal funding bill, was the lone lawmaker from either side to vote ‘present.’

    Massie explained to Fox News Digital that he vehemently supports the Kirk resolution, but opposed an unrelated provision in the rule that blocks Congress’ ability from weighing in on tariff policy.

    ‘I’m a cosponsor of the Kirk resolution, and obviously I will vote for it, but shamefully they turned off Congress’s ability to vote on tariffs with this rule,’ Massie said.

    Rule votes are procedural hurdles that commonly tie together unrelated pieces of legislation that, if adopted, allow House lawmakers to debate each measure individually before respective votes. 

    The current rule’s adoption means House lawmakers could vote on the resolution to honor Kirk on either Thursday or Friday.

    A vote on the measure to avert a government shutdown – a short-term extension of current federal funding levels called a continuing resolution, or CR – is expected Friday morning.

    It is not surprising that no Democrats supported the rule’s adoption on Wednesday; rule votes traditionally fall along party lines and have rarely seen bipartisan crossover, even if the legislation they include has wide support from both Republicans and Democrats.

    And while Democrats are largely expected to buck the GOP-led government funding patch, the resolution to honor Kirk’s legacy is expected to get healthy bipartisan support.

    The Turning Point USA founder was assassinated last week during a college campus speaking event in Utah.

    The resolution to honor him, led by Speaker Mike Johnson, R-La., lauded Kirk as ‘one of the most prominent voices in America, engaging in respectful, civil discourse across college campuses, media platforms and national forums, always seeking to elevate truth, foster understanding and strengthen the Republic.’

    It also said Kirk’s ‘commitment to civil discussion and debate stood as a model for young Americans across the political spectrum, and he worked tirelessly to promote unity without compromising on conviction,’ and it called his killing ‘a sobering reminder of the growing threat posed by political extremism and hatred in our society.’

    Both Democrats and Republicans have released statements condemning political violence in the wake of Kirk’s killing.

    The latter measure that advanced on Wednesday evening, the CR, will keep government agencies funded at current levels through Nov. 21 of this year – if it’s passed by the House and Senate and signed into law by President Donald Trump.

    That bill includes a combined $88 million in added security funds for Congress, the judicial branch and the executive branch.

    Conversations about boosting lawmaker security, in particular, had been ongoing but took on new urgency after Kirk’s death.

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    Sen. Adam Schiff, D-Calif., sharply criticized Kash Patel’s tenure as FBI director Wednesday, telling reporters that he viewed Patel’s leadership as deeply partisan and a ‘terrible tragedy’ for the nation’s sprawling law enforcement agency. 

    Speaking at a news conference alongside former House Speaker Nancy Pelosi, D-Calif., and other House Democrats, Schiff took umbrage at Patel’s testimony one day earlier before the Senate Judiciary Committee, which Schiff said further crystallized his concerns about politicization within the bureau.

    The FBI ‘has been the premier law enforcement agency in the country, and the world, because they’ve been constantly professional and non-partisan,’ Schiff said Wednesday, noting the close working relationship he had with FBI agents during the years he spent as a federal prosecutor. 

    ‘It is a terrible tragedy, I think, for the men and women of the bureau to have such poor leadership that is replacing expertise with incompetence, that is replacing non-partisanship with the most rabid partisanship,’ Schiff told Fox News Digital. ‘And this is not unrelated to why we’re here today.’

    His remarks come as Patel appeared on Capitol Hill Wednesday for a second day of testimony before the Senate and House Judiciary committees.

    Both hearings were marked by sharp lines of questioning from Democrats, who grilled Patel on issues ranging from a flurry of FBI firings, the bureau’s handling of the Epstein files and concerns of politicization, among many other topics.

    Schiff, in particular, pressed Patel on his tenure at the FBI, saying the bureau’s agents — mostly assigned to its 52 field offices across the country and loath to see their work politicized — wanted to know what, if any, marching orders Patel had received from President Donald Trump.

    The heated back-and-forth devolved into a shouting match between the two as Schiff pressed Patel repeatedly on the firings of FBI agents and whether those individuals were removed for political reasons.

    Patel, for his part, described Schiff as a ‘political buffoon.’ 

    Speaking to reporters Wednesday, Schiff said Patel’s appearance did little to assuage his broader fears of weaponization within the bureau.

    ‘You can’t have a vibrant democracy without the rule of law,’ he told Fox News Digital. ‘You can’t have the rule of law if you have a weaponized FBI and a weaponized Justice Department, and, sadly, that’s what we have here today,’ Schiff said.

    He also weighed in on Patel’s remarks yesterday on the Epstein files, another issue that sparked intense criticism from lawmakers, after Patel claimed Tuesday that there was ‘no credible evidence’ that Jeffrey Epstein was trafficking women other than for himself. 

    Schiff said it was a ‘startling claim,’ particularly from someone who had previously promoted the belief that Epstein maintained a vast client list of powerful people.

    ‘So, it was completely contradictory to everything he said in the past,’ he said. He also noted Patel’s ‘refusal’ to answer his questions on why Deputy Attorney General Todd Blanche declined to press Ghislaine Maxwell further on the Cabinet members she identified as being ‘close’ to Epstein or having a relationship with him during a two-day interview in July.

    ‘Blanche refused to ask who they were and just ignored her comment,’ Schiff added. 

    ‘And this is, again, the kind of incompetence we’re seeing,’ he said. ‘Incompetence is probably the most polite thing I can describe, but it certainly looks like a cover-up.’

    The Justice Department and FBI have struggled to quell the mounting public pressure on them to release more information related to the Epstein investigation, underscoring the story’s sticking power in a fast-moving news cycle and among Trump supporters, who have been some of the leading voices in demanding the information be released.

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    Former Sen. Joe Manchin, I-W.Va., said he spoke more with President Donald Trump in the first two years of Trump’s term than with former President Barack Obama during Obama’s eight years in office.

    In his new book, ‘Dead Center: In Defense of Common Sense,’ released this week, Manchin outlined a cordial working relationship with Trump and a far chillier, less active back and forth with Obama.

    Manchin, who switched from the Democratic Party to become an Independent before retiring from the Senate last year, wrote that he considered Trump a fellow ‘outsider’ when he arrived in Washington, D.C., for his first term and lauded him as the ‘most engaged president I ever worked with’ since former President Bill Clinton.

    ‘From the start, President Trump had an open line of communication with me,’ he wrote. ‘I spoke to him more in the first two years of his presidency than I did to President Obama during all eight years of his time in office.’

    He noted, ‘If you want to have influence with Donald Trump, you have to be the last person he talks to about a topic,’ and said he would jokingly ask that the president ensure he was the last person he called.

    ‘He’d laugh, and we’d talk it out,’ he said.

    He recalled his 2018 election campaign in the wake of Trump’s dominant, 40-point win in the state. Trump told Manchin that he was being pressured to campaign against him and promised he wouldn’t. Ultimately, Trump visited the state five times, but Manchin still came out on top.

    He was later invited to the Oval Office to meet with Trump, where, in front of then-Vice President Mike Pence and Ivanka Trump, the president ‘blurted to his other guests, ‘I told you we couldn’t beat him,’’ Manchin wrote.

    Manchin’s relationship with the former president goes back to his time as governor of West Virginia, when Obama was still a senator. The two worked together on a coal deal in Illinois that had previously excluded West Virginia.

    During the 2008 election cycle, he said he invited both then-Sen. Hillary Clinton, D-N.Y., and Obama to come to West Virginia to campaign, but said Obama shook off the invitation and told him, ‘Let’s be honest with each other —­ my demographics don’t work well in your state.’

    ‘But he didn’t come, and that night belonged to Hillary,’ he wrote. ‘She made the most of her visit and won the primary by 41 points.’

    He said their relationship became even chillier when Obama launched his ‘war on coal’ with a push for green initiatives that targeted fossil fuels and states like West Virginia.

    Manchin argued that the Democratic Party had grown dismissive and lost touch with the working class as a means to reshape their agenda through a progressive lens. That led to a seismic shift in West Virginia’s political alignment, from Democratic to now largely Republican, he said.

    And in the process that began when Obama won in 2008, he said that rural states like his felt ‘overlooked and undervalued.’

    ‘But that’s exactly how Democrats handled West Virginia, and no one embodied that disconnect more than President Obama,’ he wrote.

    Fox News Digital reached out to Obama’s office and the White House for comment but did not immediately hear back. 

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    I’m writing today about anger.

    And I’m ticked off about it.

    I actually think it’s America’s biggest problem right now. Half the country hates the other half of the country. And vice versa.

    There are online mobs ready to pounce on any available target. That could be loathsome human beings, like the remorseless madman who killed Charlie Kirk.

    Or it could be a deranged person at a lower level, like the crazed, screaming woman who stole a Phillies home run ball from a 10-year-old kid. Or the man who brought his assistant and side squeeze to a Coldplay concert and was outed by the Jumbotron — which turned more serious when both were fired.

    Can a country withstand so much rage?

    Passion is good. Railing at people you don’t know, not so much.

    The irony is that the vast majority of these people wouldn’t say such things to you on the street. Then they’d have to deal with your reaction. 

    But in the dark expanse of social media, they can spew all kinds of garbage, curse like sailors — especially if they’re hiding behind screen names. That should be punishable by the death penalty — okay, maybe I’m getting too worked up here.

    Some public figures harness anger as a political tool. In private, Donald Trump can be funny and charming. But his constant battles–with the media, law firms, universities, big cities, Democrats, judges, prosecutors, critics, adversaries, allies around the world–are fueled by his sense of grievance. Just read his Truth Social page.

    I first began covering Trump in New York in the 1980s, and he was the same way. He would pick fights with the likes of Leona Helmsley, knowing it made good copy.

    But I could also argue that without the contempt he has for people and institutions who stand in his way, the president wouldn’t be driven to accomplish all that he has in the past eight months.

    Elon Musk clearly has the same anger-management issue, having declared ‘the left’ to be ‘the party of murder.’ 

    So do such Democrats as Adam Schiff, who relentlessly hammered Kash Patel at a hearing this week, ‘You want the American people to believe that? Do you think they’re stupid?’ And so does the FBI director, ‘You are the biggest fraud to ever sit in the United States Senate, you are a disgrace to this institution, and an utter coward!’

    But we all know the game. In our echo-chamber world, you have to be harsher and angrier than the last person to break through the static and have your sound bite featured on cable or X or podcasts. So these institutions reward outrage, faux or otherwise.

    Silicon Valley giants make their money from engagement, and nothing fosters engagement like pissed-off people.

    The last few Democratic presidents haven’t been purveyors of anger. (putting aside what they’re like behind closed doors). Joe Biden was so secluded we barely heard from him–we now know why–and was a backslapper and conciliator. Barack Obama was all about the audacity of hope. Bill Clinton ran as a southern moderate against the ‘brain-dead’ politics of both parties.

    You have to go back to LBJ to find a Democrat who relished beating the crap out of others, based on his years of threats and arm-twisting as Senate majority leader. ‘Ah got Hubert’s pecker in my pocket,’ he would say, and other variations on that quote.

    He also said this about disloyal lawmakers: ‘I want him to kiss my ass in Macy’s window at high noon and tell me it smells like roses.’

    What has been truly sickening, in the wake of Charlie Kirk’s heartbreaking murder, are the sickos who flooded social media to celebrate his demise. 

    Professors, teachers, journalists and many others have been fired for such conduct, though they had no need to vent their fury online. They didn’t know Kirk. Who would want to employ someone so heartless that they don’t care about his wife, and the children, 3 and 1, who have to grow up without him?

    No wonder I’m angry. This is disgusting and pathetic.

    Perhaps it’s no coincidence that this is one of the most famous lines in movie history, delivered by the sweating, wild-eyed anchor played by Peter Finch: 

    ‘I’m mad as hell and I’m not going to take this anymore!’

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    The U.S. on Wednesday once again took aim at Iran and targeted its Axis of Resistance by designating four Iraq-based militias as Foreign Terrorist Organizations.

    According to the State Department, the groups identified were Harakat al-Nujaba, Kata’ib Sayyid al-Shuhada, Harakat Ansar Allah al-Awfiya and Kata’ib al-Imam Ali – all four of which were previously designated by the Department of Treasury as Specially Designated Global Terrorists (SDGT) in 2023. 

    ‘Iran-aligned militia groups have conducted attacks on the U.S. Embassy in Baghdad and bases hosting U.S. and Coalition forces, typically using front names or proxy groups to obfuscate their involvement,’ Secretary of State Marco Rubio said in the statement.

    According to the Foundation for the Defense of Democracies (FDD), the four groups are all backed by Iran and form the core of an umbrella organization known as the Islamic Resistance in Iraq (IRI), which gained prominence following the Hamas-led October 7, 2023, attack on Israel.

    The IRI is believed to be responsible for hundreds of attacks in Iraq, Syria and Jordan, and was behind the killing of three U.S. service members during a drone attack in January 2024 in Jordan. 

    ‘The Trump administration broke the taboo during term one when it proved it could name, shame, and punish Iran-backed militias in Iraq without the country devolving into civil war,’ Behnam Ben Taleblu, Iranian expert and senior director of the FDD’s Iran program, told Fox News Digital. ‘Now in term two the administration is upping the ante continuing a campaign of designations against the agents of influence and terror of Iran in Iraq.’

    The four terrorist groups also operate within the Popular Mobilization Forces, which is a coalition force of largely Shia groups that was formed to counter ISIS by the Iraqi government, but which is also strongly influenced by Iran. 

    ‘Tehran relies on these militias to literally have a state within a state in Iraq,’ Ben Taleblu said. ‘Sandwiching these and other Iran-backed terror groups between Treasury Department [Specially Designated Nationals and Blocked Persons] SDN listings and State Department [Foreign Terrorist Organizations] FTO listings, as the Trump administration previously did with their patron, the IRGC, in term one is the right approach.’

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