Author

admin

Browsing

Bold Ventures Inc. (TSXV: BOL) (the ‘Company’ or ‘Bold’) is pleased to announce that further to its news release of December 16, 2025, it has closed its non-brokered private placement offering for gross proceeds of $776,800, through the placement of 6,000,000 working capital units (the ‘WC Units’) of the Company at a price of $0.08 per WC unit for $480,000 (the ‘WC Offering’) and 3,297,776 Flow Through units (the ‘FT Units’) at a price of $0.09 per FT Unit for $296,800 (the ‘FT Offering’, and together with the WC Offering, the ‘Offering’).

The Company paid cash finder fees in the aggregate of $36,719.99 and issued an aggregate of 454,333 compensation warrants (the ‘Compensation Warrants‘) to two eligible finders. 37,333 of the Compensation Warrants entitle the holder to acquire one (1) common share at a price of $0.12 until December 31, 2027. 417,000 of the Compensation Warrants entitle the holder to acquire one (1) common share at a price of $0.12 until December 31, 2028.

All the securities issued pursuant to the Offering are subject to a hold period expiring on May 1, 2026.

Bruce MacLachlan, President and COO of Bold Ventures, stated: ‘We wish to thank our existing shareholders for their continued support of the Company and welcome the participation by new investors. We look forward to seeing the results from our drilling programs in 2026.’

Insider Subscriptions

Three insiders subscribed for 420,000 FT Units for gross proceeds of $37,800. The insider private placements are exempt from the valuation and minority shareholder approval requirements of Multilateral Instrument 61-101 (‘MI 61-101’) by virtue of the exemptions contained in sections 5.5(a) and 5.7(1) (a) of MI 61-101 in that the fair market value of the consideration for the securities of the Company issued to the insiders does not exceed 25% of its market capitalization.

The Offering

Each WC Unit comprises one (1) common share of the Company priced at $0.08 and one full common share purchase warrant (a ‘WC Warrant‘) entitling the holder to acquire one (1) common share at a price of $0.12 until December 31, 2028. The proceeds from the WC Units will be used for general working capital, property maintenance, exploration and expenses of the offering.

Each FT Unit comprises one common share of the Company priced at $0.09 and one half (1/2) of a common share purchase warrant. One full common share purchase warrant (a ‘FT Warrant’) and $0.12 will acquire an additional common share until December 31, 2027. The proceeds from the sale of the FT Units will be used for exploration work that qualifies for Canadian Exploration Expenses (CEE).

Bold Ventures management believes our suite of Battery, Critical and Precious Metals exploration projects are an ideal combination of exploration potential meeting future demand. Our target commodities are comprised of: Copper (Cu), Nickel (Ni), Lead (Pb), Zinc (Zn), Gold (Au), Silver (Ag), Platinum (Pt), Palladium (Pd) and Chromium (Cr). The Critical Metals list and a description of the Provincial and Federal electrification plans are posted on the Bold website here.

About Bold Ventures Inc.

The Company explores for Precious, Battery and Critical Metals in Canada. Bold is exploring properties located in active gold and battery metals camps in the Thunder Bay and Wawa regions of Ontario. Bold also holds significant assets located within and around the emerging multi-metals district dubbed the Ring of Fire region, located in the James Bay Lowlands of Northern Ontario.

For additional information about Bold Ventures and our projects please visit boldventuresinc.com or contact us at 416-864-1456 or email us at info@boldventuresinc.com.

‘Bruce A MacLachlan’
Bruce MacLachlan
President and COO

Direct line: (705) 266-0847 Email: 

bruce@boldventuresinc.com

‘David B Graham’ 
David Graham
CEO

 

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

Cautionary Note Regarding Forward-Looking Statements: This Press Release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words ‘may’, ‘would’, ‘could’, ‘will’, ‘intend’, ‘plan’, ‘anticipate’, ‘believe’, ‘estimate’, ‘expect’ and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. Shareholders are cautioned not to put undue reliance on such forward-looking statements.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/279349

News Provided by Newsfile via QuoteMedia

This post appeared first on investingnews.com

President Donald Trump, who has been pressing for the U.S. to acquire Greenland, continued to beat the drum on the issue early on Tuesday.

‘I had a very good telephone call with Mark Rutte, the Secretary General of NATO, concerning Greenland. I agreed to a meeting of the various parties in Davos, Switzerland. As I expressed to everyone, very plainly, Greenland is imperative for National and World Security. There can be no going back — On that, everyone agrees!’ the president declared in part of a Truth Social post.

Trump is slated to speak at the World Economic Forum annual meeting on Wednesday.

In another post on Tuesday, Trump shared a graphic that appeared to depict Secretary of State Marco Rubio and Vice President JD Vance standing behind Trump as he held a flagpole flying an American flag near a sign that described Greenland as a ‘US TERRITORY EST. 2026.’

‘Shockingly, our ‘brilliant’ NATO Ally, the United Kingdom, is currently planning to give away the Island of Diego Garcia, the site of a vital U.S. Military Base, to Mauritius, and to do so FOR NO REASON WHATSOEVER,’ the president asserted in part of a separate post.

‘The UK giving away extremely important land is an act of GREAT STUPIDITY, and is another in a very long line of National Security reasons why Greenland has to be acquired. Denmark and its European Allies have to DO THE RIGHT THING. Thank you for your attention to this matter,’ he asserted.

Last week, Trump warned of tariffs as he continued to press the matter of Greenland.

‘Starting on February 1st, 2026, all of the above mentioned Countries (Denmark, Norway, Sweden, France, Germany, The United Kingdom, The Netherlands, and Finland), will be charged a 10% Tariff on any and all goods sent to the United States of America. On June 1st, 2026, the Tariff will be increased to 25%. This Tariff will be due and payable until such time as a Deal is reached for the Complete and Total purchase of Greenland,’ Trump declared in a January 17 Truth Social post.

Tuesday, January 20, marks the one-year anniversary since Trump’s January 20, 2025 inauguration.

This post appeared first on FOX NEWS

Rio Silver Inc. (the ‘Company’ or ‘Rio Silver’) (TSX.V: RYO,OTC:RYOOD) (OTC: RYOOF) is pleased to announce that, subject to the approval of the TSX Venture Exchange, the Company intends to settle (the ‘Transaction’) an aggregate of $293,250 of indebtedness (the ‘Debt’) owed to certain arm’s length and non-arm’s length creditors through the issuance of an aggregate of 1,396,428 common shares, at a deemed price of $0.21 per common share, and 420,238 common share purchase warrants (the ‘Warrants’) of the Company. 976,190 of the common shares (and no Warrants) will be issued to non-arm’s length creditors.

Each Warrant is exercisable into a common share at the price of $0.28 per common share, for a period of three years from the date of issue.

All common shares and Warrants issued to settle the Debt will be subject to a hold period of four months and one day from the date of issuance. The Transaction is subject to TSX Venture Exchange approval. Completion of the Transaction will allow the Company to improve its current working capital deficiency position.

ON BEHALF OF THE BOARD OF DIRECTORS OF Rio Silver INC.

Chris Verrico

Director, President and Chief Executive Officer

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

For further information,

Christopher Verrico, President, CEO

Tel: (604) 762-4448

Email: chris.verrico@riosilverinc.com

Website: www.riosilverinc.com

This news release includes forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required by applicable laws.

News Provided by GlobeNewswire via QuoteMedia

This post appeared first on investingnews.com

The global lithium market saw sharp swings in Q3 2025 as shifting supply dynamics, policy uncertainty, and geopolitical developments reshaped investor sentiment.

After hitting a four-year low in June, benchmark lithium carbonate prices briefly surged to an 11 month high in August on speculation of Australian supply cuts, before easing to US$11,185 per metric ton by quarter’s end.

Market watchers say sentiment-driven moves continue to dominate a sector still facing oversupply, while US policy shifts and China’s regulatory measures add further uncertainty to the outlook.

Against this backdrop, Canadian lithium stocks are gaining attention as investors look for companies positioned to benefit from long-term demand growth while navigating short-term price pressure.

1. Consolidated Lithium Metals (TSXV:CLM)

Year-to-date gain: 500 percent
Market cap: C$23.36 million
Share price: C$0.060

Consolidated Lithium Metals is a Canadian junior exploration company focused on acquiring, developing and advancing lithium projects in Québec. Its properties — Vallée, Baillargé, Preissac-LaCorne and Duval — are located within the spodumene-rich La Corne Batholith area, near the restarted North American Lithium mine, a key area in Canada’s growing lithium sector.

Consolidated Lithium started the year with a C$300 million private placement earmarked for working capital and general corporate purposes.

In July, the company commenced its 2025 summer exploration program at the Preissac project, excavating a 100-by-30-meter trench in an area with a known lithium soil anomaly, uncovering an 18-meter-wide pegmatite body at surface.

Twenty-five channel samples were collected and sent for analysis, while additional soil and biogeochemical sampling was conducted to further assess lithium-bearing pegmatites on site.

At the end of August, Consolidated Lithium signed a non-binding letter of intent with SOQUEM, a subsidiary of Investissement Québec, to acquire an option to earn up to an 80 percent interest in the Kwyjibo rare earth project.

The project is located roughly 125 kilometers northeast of Sept-Îles in Québec’s Côte-Nord region.

The acquisition news led to a share price spike for the company. While the company has made no recent announcements, an uptick in lithium prices in October helped Consolidated shares rally further to a year-to-date high of C$0.06 on October 22 and again on October 28.

2. Stria Lithium (TSXV:SRA)

Year-to-date gain: 416.67 percent
Market cap: C$12.22 million
Share price: C$0.31

Stria Lithium is a Canadian exploration company focused on developing domestic lithium resources to support the growing demand for electric vehicles and lithium-ion batteries.

The company’s flagship Central Pontax lithium project spans 36 square kilometers in Québec’s Eeyou Istchee James Bay region.

Cygnus Metals (TSXV:CYG) has an earn-in agreement with Stria to earn up to a 70 percent interest in the Pontax project. Cygnus completed the first stage in July 2023, acquiring a 51 percent interest by investing C$4 million in exploration and issuing over 9 million shares to Stria.

Through its joint venture with Cygnus, Stria has outlined a JORC-compliant maiden inferred resource of 10.1 million metric tons grading 1.04 percent Li2O.

At the start of 2025 Stria closed a non-brokered private placement for C$650,000. The funds will be used in part for the evaluation of new mineral opportunities, according to the company.

In May, Stria and Cygnus agreed to extend the second stage of Cygnus’s earn-in agreement on the Pontax lithium project by 24 months.

Shares of Stria registered a year-to-date high of C$0.38 on October 16, coinciding with rising lithium prices.

3. Lithium South Development (TSXV:LIS)

Year-to-date gain: 280 percent
Market cap: C$42.79 million
Share price: C$0.38

Canada-based Lithium South Development owns 100 percent of the HMN lithium project in Argentina’s Salta and Catamarca provinces, situated in the heart of the lithium-rich Hombre Muerto Salar. The project lies adjacent to active lithium operations, including Rio Tinto’s (ASX:RIO,NYSE:RIO,LSE:RIO) lithium operations to the south and South Korean company POSCO Holdings’ (NYSE:PKX,KRX:005490) billion-dollar lithium development to the east.

Exploration has defined a NI 43-101 compliant resource of 1.58 million metric tons of lithium carbonate equivalent (LCE) at an average grade of 736 milligrams per liter lithium, with the majority in the measured category.

A preliminary economic assessment outlines the potential for a 15,600 metric ton per year lithium carbonate operation, and the company is advancing the project toward a feasibility study.

In January 2024, Lithium South and POSCO signed an agreement to jointly develop the HMN lithium project. Under the deal, the companies will share production 50/50 from the Norma Edith and Viamonte blocks in Salta and Catamarca, resolving overlapping claims.

As for 2025, at the end of July, Lithium South received a non-binding cash offer of US$62 million from POSCO for HMN and all of Lithium South’s other concessions in the Hombre Muerto Salar.

The offer is subject to a 60 day due diligence period and a subsequent 60 day negotiation and execution phase for a definitive agreement, the company said. As of late September, the due diligence has largely been completed and the companies are negotiating the definitive agreement.

Company shares surged to C$0.41 in early August following the news. Shares rose to a year-to-date high of C$0.415 on October 24, likely in conjunction with lithium price positivity.

4. Standard Lithium (TSXV:SLI)

Year-to-date gain: 152.83 percent
Market cap: C$1.28 billion
Share price: C$5.36

Standard Lithium is a US-focused lithium development company advancing a portfolio of high-grade lithium-brine projects with an emphasis on sustainability and commercial-scale production.

The company employs a fully integrated direct lithium extraction process and is developing its flagship Smackover Formation assets in Arkansas and Texas, including the South West Arkansas project in partnership with Equinor ASA, under the joint venture subsidiary Smackover Lithium.

Standard is also actively exploring additional lithium brine opportunities in East Texas.

In April, the South West Arkansas project was one of 10 US critical minerals projects designated for fast-tracking under FAST-41.

According to Standard’s Q2 2025 results released in August, Smackover Lithium reported strong progress on its South West Arkansas project during the quarter.

Exploration for the project’s Phase 1 operations concluded, and the Lester exploration well yielded the highest lithium brine grades to date, averaging 582 milligrams per liter and peaking at 616 milligrams per liter. Key regulatory milestones included the Arkansas Oil and Gas Commission approving a 2.5 percent royalty rate and granting brine production unit approval for Phase 1.

Additionally, through a partnership with Telescope Innovations the company advanced a new process to convert lithium hydroxide into battery-grade lithium sulfide.

In September, Standard Lithium reported results of its definitive feasibility study (DFS) for the South West Arkansas project with a targeted first production date in 2028.

The DFS notes an initial capacity of 22,500 metric tons per year of battery-grade lithium carbonate. The study outlines a 20-year-plus operating life based on average lithium concentrations of 481 milligrams per liter, supported by detailed resource and reserve modeling.

The company officially filed the DFS on October 14, leading to a share price bump and year-to-date high of C$7.65 on October 16.

5. United Lithium (CSE:ULTH)

Year-to-date gains: 94.12 percent
Market cap: C$15.75 million
Share price: C$0.33

Exploration and development company United Lithium owns a portfolio of global assets in Sweden, Finland and the United States. The company’s primary focus is the Bergby lithium project in Central Sweden.

In March, United Lithium reported positive results from mineralogical test work on four pegmatite samples — B, C, D and E — at the Bergby project. The study analyzed the chemical and mineralogical composition of the samples to better understand the lithium-bearing LCT (lithium, cesium, tantalum) pegmatites.

An October 17 announcement from United reported it entered a binding letter of intent to acquire all issued and outstanding shares of Swedish Minerals. If the deal goes through, it will create a Nordic-based company with lithium, uranium and rare earth projects.

Under the agreement, United Lithium will issue Swedish Minerals shareholders 25 million common shares of United at C$0.20 each and pay C$450,000 in cash, subject to regulatory approval.

Shares of United Lithium spiked following the acquisition news and continued upward to a year-to-date high of C$0.35 on October 27.

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

This post appeared first on investingnews.com

Brien Lundin, editor of Gold Newsletter and New Orleans Investment Conference host, shares his outlook for gold and silver as prices continue to consolidate.

‘At the end of this cycle, I’ve long predicted that we’re going to get to a US$6,000 to US$8,000 (per ounce) price range, whenever that may happen — I hope it takes years from now,’ he said about gold.

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

This post appeared first on investingnews.com

Sen. Bernie Sanders, I-Vt., took over Senate Minority Leader Chuck Schumer’s post-election news conference Wednesday, knocking the Democratic Party for their lack of support in political races in New York and Maine.

‘Well, the party leadership did not support [mayoral candidate Zohran] Mamdani in New York,’ Sanders said in front of the Senate podium. ‘Party leadership is not supporting [Senate hopeful Graham] Platner in Maine. And I think he’s going to win… I think there is a growing understanding that leadership, and defending the status quo and the inequalities that exist in America, is not where the American people are.’

Mamdani, a Democratic Socialist, won the mayoral race in New York City and Democrat Mikie Sherrill secured the New Jersey governorship.

California’s Proposition 50 was also passed after being placed on the ballot, and Democrats will maintain control of the Pennsylvania Supreme Court as Justices Christine Donohue, Kevin Dougherty and David Wecht won their respective retention races.

Prior to Sanders’ outburst, Schumer, D-N.Y., spoke with reporters, bashing Republicans as the government shutdown stretches into its 36th day, making it the longest shutdown in U.S. history.

‘Last night, Republicans felt the political repercussions [of the Trump administration’s policies],’ Schumer said. ‘It should serve as nothing short of a five-alarm fire to the Republicans. Their high-cost house is burning, and they’ve only got themselves to blame. As loudly and clearly as could possibly be done, from one end of the country to the other, the American people said enough is enough.’

Schumer said he and House Minority Leader Hakeem Jeffries demanded Wednesday morning President Donald Trump sit down with them to discuss healthcare issues.

‘Last night was a really good night for Democrats and our fight to lower costs, improve health care and reach a better future for our country,’ Schumer said. ‘But more importantly than that, last night was a great night for American families that are struggling now to make ends meet, because the election showed that Democrats’ control of the Senate is much closer than the people and the prognosticators realize. The more Republicans double down on raising costs and bowing down to Trump, the more their Senate majority is at risk.

‘… When Leader Jeffries and I met with Donald Trump in the White House a month or so back, we told him this was going to happen. We warned him that if he didn’t do something, working with us to address the health care needs of America, and instead insisting on no negotiation with Democrats, that was a recipe for disaster for the country, and it would come back to haunt them. Last night should make it clear to Republicans that they simply cannot continue to ignore not only us, but the American people, for the good of the whole country.’

Democratic leaders have been urging Republicans in both the House and Senate to confront the surge in health insurance premiums tied to the expiration of Affordable Care Act subsidies.

At the same time, funding for the Supplemental Nutrition Assistance Program (SNAP) has lapsed.

Though several stopgap measures have been proposed by Republicans, including a GOP-led bill blocked Tuesday, Congress has yet to reach an agreement.

This post appeared first on FOX NEWS

A House Democrat representing a district that President Donald Trump won in 2024 is not seeking re-election next year.

Rep. Jared Golden, D-Maine, announced his plans in an op-ed for the Bangor Daily News on Wednesday, a day after Democrats’ sweeping electoral victories in Virginia, New Jersey, California and New York City.

‘I have never loved politics. But I find purpose and meaning in service, and the Marine in me has been able to slog along through the many aspects of politics I dislike by focusing on the good work that Congress is capable of producing with patience and determination,’ Golden wrote.

‘But after 11 years as a legislator, I have grown tired of the increasing incivility and plain nastiness that are now common from some elements of our American community — behavior that, too often, our political leaders exhibit themselves.’

Golden has represented Maine’s 2nd Congressional District since 2019. He’s managed to hold on to the seat through his constituents voting for President Donald Trump in both 2020 and 2024.

The moderate Democrat — also a Marine Corps veteran — has been known to frequently break from his own party, including on the recent government shutdown vote in September.

He shared more of his concerns with the left in his retirement announcement, criticizing both Republicans and Democrats for the current state of politics in the country.

‘We have seen mainstream Republicans stand by as their party was hijacked first by Tea Party obstructionists and then by the MAGA movement and its willingness to hand much of Congress’ authority to the president,’ Golden wrote.

‘I fear Democrats are going down the same path. We’re allowing the most extreme, pugilistic elements of our party to call the shots. Just look again at the shutdown. For as long as I can remember, we have opposed shutting down the government over policy disputes. We criticized Republicans for taking hostages this way. But this year, reeling from the losses of the last election, too many Democrats have given into demands that we use the same no-holds-barred, obstructionary tactics as the GOP.’

And despite his seat being a prime target for Republicans every two years, Golden said that did not factor into his decision.

‘I don’t fear losing. What has become apparent to me is that I now dread the prospect of winning. Simply put, what I could accomplish in this increasingly unproductive Congress pales in comparison to what I could do in that time as a husband, a father and a son,’ he wrote.

‘I have long supported term limits and while current law allows me to run again, I like the idea of ending my service in Congress after eight years — the length of term limits in the Maine Legislature.’

Golden’s seat had been ranked a ‘toss-up’ by the nonpartisan Cook Political Report, which also rated his district slightly in favor of the GOP at R+4.

House Republicans’ campaign arm wasted no time in seizing on Golden’s announcement, releasing its own statement shortly after his op-ed was published.

‘Serial flip-flopper Jared Golden’s exit from Congress says it all: He’s turned his back on Mainers for years and now his chickens are coming home to roost. He, nor any other Democrat, has a path to victory in ME-02 and Republicans will flip this seat red in 2026,’ National Republican Congressional Committee (NRCC) spokeswoman Maureen O’Toole said in a release to reporters.

Beyond his frustration with partisan politics, however, Golden also revealed that the heightened political environment also pushed him to re-consider his congressional career.

Golden said earlier this year that he and his family had to spend Thanksgiving in a hotel room after receiving a bomb threat at their home.

House Democrats’ campaign arm thanked Golden for his service in its own statement upon his retirement.

‘I sincerely commend Jared for all the work he has done for Mainers, from lowering costs to protecting lobstermen’s jobs and fighting for veterans,’ Democratic Congressional Campaign Committee (DCCC) Chair Suzan DelBene, D-Wash., said. ‘He has devoted his life so far to service, first as a Marine, then in the Maine legislature, and in Congress since 2019. He embodies Maine’s independent spirit and I wish him and his family all the best in their next chapter.’

This post appeared first on FOX NEWS

President Donald Trump appeared to take a swipe at Republican candidates who lost on Tuesday while addressing the America Business Forum in Miami, Fla., on Wednesday.

After listing a series of his accomplishments, Trump said it’sso easy to win elections when you talk about the facts.’ 

‘Almost 2 million American-born workers are employed today, more than when I took office. That’s nine months ago. Can you imagine?’ Trump said. ‘And I tell Republicans, if you want to win elections, you gotta talk about these facts. You know, it’s so easy to win elections when you talk about the facts.’

He then added that, ‘These are things you have to talk about. It doesn’t just happen, you got to tell them. It’s wonderful to do them, but if people don’t talk about them, then you can do not so well in elections.’

On Tuesday, Republicans lost several major races, including gubernatorial elections in New Jersey and Virginia, as well as the mayoral race in New York City. While Trump backed former New York Gov. Andrew Cuomo for mayor over Republican candidate Curtis Sliwa, he still made the jab at Republicans generally.

‘One year ago, we were a dead country. Now we’re a country that’s considered [one of] the hottest countries anywhere in the world,’ Trump said, crediting his administration with getting 600,000 Americans off of food stamps and creating jobs for 1.9 million Americans. He highlighted the supposed increase in jobs, saying that nearly 2 million more Americans were employed than when he entered office less than a year ago.

While Trump touted his achievements for the working class, Zohran Mamdani, hot off his victory in New York City, gave a different analysis earlier Wednesday.

During an appearance on ‘Good Morning America,’ Mamdani contrasted himself and Trump. Mamdani argued that, unlike the president, he is ready to solve the ‘cost of living crisis’ for Americans who are struggling.

Mamdani also said that Trump is ‘someone who ran an entire presidential campaign on the promise of cheaper groceries and is now, as the president, making it harder for Americans to afford those groceries by cutting SNAP benefits.’

Trump, who was marking the anniversary of being elected for a second presidential term, did not shy away from taking a swipe at Mamdani as well.

‘We lost a little bit of sovereignty last night in New York, but we’ll take care of that. Don’t worry about it,’ he told the crowd in Miami on Wednesday.

Republicans have largely blamed the lapse in SNAP benefits on Democrats as the parties battle it out in D.C. amid the longest government shutdown in U.S. history.

This post appeared first on FOX NEWS