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President Donald Trump’s announcement that the United States will resume nuclear weapons testing for the first time in more than three decades has sent shockwaves through both Washington and world capitals. He argues the move is necessary to ‘keep pace’ with Russia and China, whose programs he claims are active, and to ensure that America’s deterrent remains credible. We will not be outmatched, Trump declared, ordering the Pentagon to ‘immediately’ begin preparations.

That declaration reverberated across the globe. To some, it signals renewed American strength — proof that Washington will no longer rely on self-imposed restraints while adversaries modernize unencumbered.

The rationale: deterrence and parity

Trump’s rationale rests on deterrence. If Russia or China are conducting secret or low-yield tests in violation of international norms, then the U.S., he argues, cannot appear constrained.

That logic has merit in theory. Yet in practice, there is no publicly verified evidence that Moscow or Beijing have conducted full-scale nuclear explosions in recent years. Both remain bound, at least politically, to the global testing moratorium.

America, for its part, has maintained a robust and credible deterrent through its Stockpile Stewardship and Management Program — using advanced supercomputing, materials science and subcritical testing to ensure our arsenal’s reliability without detonating a single weapon since 1992. However, Russia’s 2023 de-ratification of the Comprehensive Nuclear-Test-Ban Treaty (CTBT) signals potential erosion of that restraint.

In short, our nuclear arsenal works. Our delivery systems are being modernized.

A brief history: lessons written in fire

To understand what is at stake, it helps to recall how we got here. The U.S. conducted its first nuclear test — the ‘Trinity’ explosion — on July 16, 1945, in New Mexico. Over the next half-century, America performed more than 1,000 nuclear detonations, first in the atmosphere, later underground and underwater. Each test expanded our understanding of the bomb’s formidable power and devastating potential — but the environmental and human toll, from the Pacific islands to Nevada, was staggering.

By the early 1960s, public outrage and the Cuban Missile Crisis convinced world leaders that unrestrained testing endangered humanity itself. The Limited Test Ban Treaty of 1963 banned explosions in the atmosphere, outer space, and underwater. The final U.S. test occurred on Sept. 23, 1992, after which Washington joined a global moratorium pending ratification of the CTBT — still unsigned by a few key states, including ours. Nevertheless, the norm held. For 33 years, no nation except North Korea has crossed that line and, perhaps, South Africa, in 1979.

That moratorium has been one of the quiet triumphs of post-Cold War diplomacy: a restraint observed not out of naiveté, but wisdom born of horror. It allowed nations to modernize defensively while preserving the taboo against nuclear explosions, the ultimate boundary between deterrence and apocalypse.

The risks: moral, strategic and existential

To resume testing now risks unraveling that fragile consensus. Once the U.S. breaks the silence, others will follow. Russia could justify its own tests as reciprocal. China, already expanding its arsenal to 600 warheads, is expected to reach about 1,000 nuclear warheads by around 2030 and might accelerate that program. India and Pakistan could feel emboldened. North Korea would seize the moment to demonstrate ‘parity.’ Within years, the world could witness a cascade of underground detonations from East Asia to the Middle East. The psychological barrier separating possession from use would erode.

From a moral perspective, this is not a step to take lightly. Theologians and strategists alike have long argued that nuclear weapons pose unique ethical dilemmas.

From a policy standpoint, the cost-benefit calculus is equally stark. Resuming tests would erode U.S. moral authority in arms-control negotiations, undermine the CTBT and alarm allies who rely on America’s extended deterrence. It would also hand propaganda victories to adversaries eager to paint Washington as reckless. The environmental, safety and political costs of reopening test sites would be significant, and the scientific benefit — according to our own laboratories — minimal.

As the International Campaign to Abolish Nuclear Weapons (ICAN) warns, renewed testing would undermine decades of global norm-building around restraint and open the door to new proliferation.

A better path: lead, don’t imitate

Rather than igniting a new nuclear competition, the U.S. should seize this moment to lead the world toward restraint. Trump’s instinct to project strength is understandable; deterrence remains vital in a world of aggressors. But true strength includes moral leadership.

If the president genuinely wishes to reassert American primacy, he could do so not by detonating weapons, but by convening a global summit of nuclear-armed states — the U.S., Russia, China, France, the United Kingdom, India, Pakistan, Israel and North Korea — to renew or formalize a universal moratorium on nuclear testing. Such a proposal could leverage the CTBTO’s Article XIV Conference mechanism for enhanced verification and transparency.

Such a summit would accomplish three things:

  1. Reestablish dialogue among powers that rarely sit at the same table, easing nuclear tensions.
  2. Reaffirm deterrence without destruction, updating verification mechanisms and transparency measures using modern technology.
  3. Restore moral leadership, demonstrating that America’s power is disciplined by conscience, not driven by fear.

By proposing such a gathering — perhaps under United Nations auspices or as a U.S.-hosted initiative at the Nevada National Security Site — President Trump could transform a provocative decision into a statesmanlike opportunity. He could remind the world that American strength serves peace, not annihilation.

Conclusion: the test before us

For decades, humanity has lived under the shadow of weapons too powerful to use. Their silence has been our safety. Breaking that silence risks inviting a new arms race and edging civilization closer to the brink. History’s lesson is clear: once the nuclear threshold is crossed, even in testing, it becomes easier to cross again.

President Trump has proven that boldness can reset stagnant debates. But boldness without wisdom can also destabilize the world we seek to defend. The real test before us is not of plutonium or warheads, but of leadership — whether we will master our power, or once again let our power master us. True leadership demands the courage to combine military readiness with moral restraint, ensuring that power serves peace rather than pride.

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A former spokesperson for then-President Joe Biden admitted to Congress in August testimony, which surfaced on social media Wednesday, that he had only met with the aging president between one and five times in over two years despite previously claiming he was ‘sharp’ ‘every single day.’

In a July 2, 2024, interview on MSNBC, then-Biden spokesperson Ian Sams said of the former president that ‘When I deal with him, he is sharp, he is asking tough questions, that’s the President Biden that so many of us experience every single day.’

Pressed by the House Committee on Oversight and Government Reform on how many times he had met with Biden, Sams admitted that he had ‘interacted with him pretty infrequently’ and ‘met with the president a handful of times during my tenure in the White House.’

He further admitted that some of these interactions were online or over the phone. During his testimony he recalled two in-person meetings with Biden.

Sams worked in the White House from 2022 to 2024, serving in the roles of special assistant to the president, spokesperson and senior advisor in the White House Counsel’s Office.

Sams was pressed on whether the basis of his statements on Biden’s mental fitness was from his ‘handful’ of interactions with the former president.

‘You said that you met him personally maybe a handful of times. Are those the interactions that you were discussing when you say, ‘I deal with him’?’ a committee staff member asked, to which Sams responded, ‘Yes.’

‘Do you think that’s a bit misleading?’ Sams was asked.

He answered, ‘I think it was pretty direct and honest and said that when I do deal with him, he’s, you know, sharp and he was asking incisive questions during my meetings with him.’

‘But you dealt with him five times in 24 months. That’s not exactly a large scope of knowledge on how he interacts with staff,’ the committee staffer pressed, adding, ‘Do you think that statement suggests that you deal with him more than you did?’

Sams shot back, ‘I don’t think so. I mean, I spoke about my own interactions with him.’

Despite this, Sams maintained that though he ‘definitely noticed some aging’ in Biden, ‘I had no reason to think that he was anything other than capable of being the president and executing his duties.’

The House Oversight Committee GOP posted on its official X account, ‘Ian Sams, one of Joe Biden’s spokespersons, met with him only TWICE in over TWO YEARS. Then he would go on live television and say he interacted with him EVERY SINGLE DAY.’

‘He was LYING to the American people to cover up for Biden’s decline,’ the GOP account wrote.

Committee Chair James Comer, R-Ky., also posted on X, writing, ‘Biden’s top spokesman, Ian Sams, admitted to Congress he met Joe Biden only twice in two years. But that didn’t stop him from loudly insisting Joe was ‘fit.’’

‘Ian was just reading from a script written by Biden’s handlers,’ added Comer.

In a statement released by the Oversight Committee, Comer went on to say, ‘The Biden Autopen Presidency will go down as one of the biggest political scandals in U.S. history. As Americans saw President Biden’s decline with their own eyes, Biden’s inner circle sought to deceive the public, cover-up his decline, and took unauthorized executive actions with the autopen that are now invalid.’

‘Our report reveals how key aides colluded to mislead the public and the extraordinary measures they took to sustain the appearance of presidential authority as Biden’s capacity to function independently diminished,’ he went on, adding, ‘Executive actions performed by Biden White House staff and signed by autopen are null and void. We are calling on the U.S. Department of Justice to conduct a thorough review of these executive actions and scrutinize key Biden aides who took the Fifth to hide their participation in the cover-up.’

Fox News Digital reached out to Sams for comment but did not immediately receive a response.

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Two major phone carriers took sharply different paths when former special counsel Jack Smith’s team subpoenaed phone records tied to Republican lawmakers in 2023, according to the redacted subpoenas and letters first shared with Fox News Digital.

The documents, provided by the office of Sen. Chuck Grassley, R-Iowa, reveal Verizon’s compliance and AT&T’s resistance when faced with Smith’s requests, which were part of Arctic Frost, the FBI probe that led to Smith bringing election charges against President Donald Trump.

The 12 phone numbers on the subpoena to Verizon are redacted and replaced by Grassley’s office with the names of the lawmakers associated with them. They include one House member and 10 senators, including Sen. Rick Scott, R-Fl., whose name was not previously reported.

AT&T received a similar request, according to a second subpoena. The company told Grassley the subpoenaed phone records were associated with two lawmakers, including Sen. Ted Cruz, R-Texas, according to a source directly familiar with the matter. The source said AT&T declined to disclose the second person.

Accompanying the two subpoenas were gag orders, signed by U.S. District Judge James Boasberg of Washington, D.C., that directed the two phone companies not to disclose the subpoenas to the lawmakers for one year. Prosecutors can seek such gag orders to temporarily keep investigative matters confidential.

The phone companies also wrote letters to Grassley, first shared with Fox News Digital, explaining how they handled the subpoenas they received, revealing two different approaches.

Verizon justified complying with the subpoenas, saying they were ‘facially valid’ and contained only phone numbers, not names. Verizon said that with the ‘benefit of hindsight’ and recent discussions with the Senate Sergeant at Arms, which handles congressional phone services, it has modified its policies so that it puts up more of a challenge to law enforcement requests pertaining to Congress members.

AT&T, meanwhile, did not comply with the subpoenas.

‘When AT&T raised questions with Special Counsel Smith’s office concerning the legal basis for seeking records of members of Congress, the Special Counsel did not pursue the subpoena further, and no records were produced,’ David Chorzempa, general counsel for AT&T, wrote.

The release of copies of the subpoenas and new details from phone companies comes after Grassley published earlier this month a one-page FBI document that said eight senators and one House lawmaker had their phone data subpoenaed. They included Republican Sens. Marsha Blackburn, Josh Hawley, Lindsey Graham, Bill Hagerty, Dan Sullivan, Tommy Tuberville, Ron Johnson and Cynthia Lummis.

Cruz later revealed that he was in the mix, and Scott announced on Thursday that he too was a target.

Grassley said in a press conference Wednesday that Smith’s subpoena to Verizon included Cruz’s office’s landline. In Verizon’s letter to Grassley, it noted that there were no records to give Smith pertaining to that landline.

The two subpoenas to Verizon and AT&T sought toll records for a four-day period surrounding the Jan. 6 Capitol riot. They did not include the contents of phone calls or messages, which would require a warrant, but they did include ‘[call] detail records for inbound and outbound calls, text messages, direct connect, and voicemail messages’ and phone number subscriber and payment information.

News of the subpoenas sparked outcry from the senators, who claimed Smith improperly spied on them and that Arctic Frost was ‘worse’ than the Watergate scandal. They have raised numerous constitutional concerns, including claims that the subpoenas violated the speech and debate clause, which gives lawmakers an added layer of immunity from investigations.

Smith, in response, said in a letter through his lawyers that he mentioned subpoenaing senators’ phone records in his public, final special counsel report and that the subpoenas were narrowly tailored to a four-day period surrounding the Jan. 6 riot and ‘entirely proper.’

Smith has asked House and Senate lawmakers to allow him to testify before them in a public hearing to speak about his special counsel work. House Judiciary Committee Chairman Jim Jordan, R-Ohio, however, wants to question Smith behind closed doors and Grassley has said he needs more information before he hosts Smith in a public setting.

The DOJ has issued subpoenas for lawmakers’ information in the past, but former inspector general Michael Horowitz cautioned against it in most circumstances in a report published last year, saying that doing so ‘risks chilling Congress’s ability to conduct oversight of the executive branch.’

Horowitz’s warning came in response to the first Trump administration subpoenaing phone records of Rep. Eric Swalwell, D-Calif., and then-Rep. Adam Schiff, D-Calif., and dozens of congressional staffers from both parties as part of an investigation into classified information being leaked to the media.

Despite enjoying additional constitutional protections, members of Congress are not immune from investigation and prosecution. Former Democratic Sen. Bob Menendez’s phone records were seized while he was serving in office. Menendez is now serving in prison after being found guilty by a jury last year of corruption charges.

Read copies of the letters from Verizon and AT&T and the subpoenas below. 

App users: 

Click to read the Verizon letter

Click to read the Verizon subpoena

Click to read the AT&T letter

Click to read the AT&T subpoena

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President Donald Trump on Thursday called for Republicans to end the filibuster in order to end the month-long government shutdown.

In a late-night Truth Social post, Trump argued that Democrats had sought to eliminate the Senate procedure when they had control of both chambers of Congress and the White House during the Biden administration, but then-Sens. Joe Manchin and Kyrsten Sinema helped block the effort.

Trump suggested using the ‘nuclear option,’ following his return to the U.S. after his trip to Asia.

‘The one question that kept coming up, however, was how did the DemocratsSHUT DOWN the United States of America, and why did the powerful Republicans allow them to do it? The fact is, in flying back, I thought a great deal about that question, WHY?’ Trump wrote on Truth Social.

‘Majority Leader John Thune, and Speaker of the House Mike Johnson, are doing a GREAT job, but the Democrats are Crazed Lunatics that have lost all sense of WISDOM and REALITY,’ he continued. ‘It is a sick form of the now ‘legendary’ Trump Derangement Syndrome (TDS) that only comes from losing too much. They want Trillions of Dollars to be taken from our Healthcare System and given to others, who are not deserving — People who have come into our Country illegally, many from prisons and mental institutions. This will hurt American citizens, and Republicans will not let it happen.’

Trump added that it is ‘now time for the Republicans to play their ‘TRUMP CARD,’ and go for what is called the Nuclear Option — Get rid of the Filibuster, and get rid of it, NOW!’

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U.S. Defense Secretary Pete Hegseth on Friday met with his Chinese counterpart in Kuala Lumpur, using the high-profile encounter to reaffirm that the United States will ‘stoutly defend’ its interests in the Indo-Pacific region.

Hegseth characterized the session with Chinese Admiral Dong Jun as ‘good and constructive.’ The pair met on the sidelines of the Association of Southeast Asian Nations (ASEAN) defense summit, which convened top military officials from across the region. 

The Pentagon chief said he raised concerns about China’s growing aggression in the South China Sea and around Taiwan – as well as its posture toward American allies and partners.

‘I highlighted the importance of maintaining a balance of power in the Indo-Pacific,’ Hegseth wrote on X. ‘The United States does not seek conflict, but it will continue to stoutly defend its interests and ensure it has the capabilities in the region to do so.’

China’s Defense Ministry responded in measured terms, reiterating Beijing’s long-held stance that Taiwan’s reunification with the mainland is an ‘unstoppable historical trend.’

The meeting face-to-face marked the first in-person meeting between the two defense leaders since a video call in early September. It signaled continued efforts on both sides to manage a tense relationship even as disputes over Taiwan, maritime boundaries and navigation rights persist.

Hegseth said the U.S. will ‘continue discussions with the People’s Liberation Army on matters of mutual importance.’

Hegseth also announced a 10-year defense cooperation framework with India following talks with Defense Minister Rajnath Singh — part of Washington’s push to expand security and technology ties with New Delhi as a counterweight to Beijing’s influence.

The secretary later met with Malaysia’s defense minister, reaffirming the two nations’ commitment to upholding maritime security in the contested South China Sea, where China’s expansive territorial claims overlap with those of several Southeast Asian countries.

ASEAN defense ministers will continue talks Saturday with dialogue partners including the United States, China, Japan, India, Australia, South Korea and Russia.

The Associated Press contributed to this report.

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Dr. Mark Thornton, senior fellow at the Mises Institute, discusses the factors that have taken the gold price to all-time highs. In his view, the key driver is government actions like overspending, borrowing and money printing, none of which are likely to abate soon.

He also shares his bullish outlook for silver.

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

This post appeared first on investingnews.com

Here’s a quick recap of the crypto landscape for Monday (October 27) as of 9:00 a.m. UTC.

Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrency market news.

Bitcoin and Ether price update

Bitcoin (BTC) was priced at US$115,014, a 0.9 percent increase in 24 hours. Its lowest valuation of the day was US$113,083, and its highest was US$116,032.

Bitcoin price performance, October 27, 2025.

Chart via TradingView.

Bitcoin (BTC) climbed to two week highs on Monday, breaking above US$115,600 as investors priced in expectations of an interest rate cut from the US Federal Reserve later this week.

The cryptocurrency has now risen for five consecutive sessions, with Sunday’s (October 26) 2.6 percent gain pushing Bitcoin past the 50 day exponential moving average at US$114,176. Technical analysts see the move as a potential prelude to a fresh rally, contingent on continued market support and Fed signals.

Trader Ted Pillows noted on X that Bitcoin has “fully reclaimed the US$114,000 support zone” and emphasized that the next key hurdle is US$118,000. He added that, if momentum holds, “a new ATH could happen in 1–2 weeks.”

Market watchers are now closely monitoring the Fed meeting for confirmation of rate cut expectations, which could provide further bullish fuel for Bitcoin and broader crypto markets.

Ether (ETH) was priced at US$4,167.45, a 1.5 percent increase in 24 hours. Its lowest valuation of the day was US$4,053.35, and its highest was US$4,246.23.

Altcoin price update

  • Solana (SOL) was priced at US$200.39, trading flat over the last 24 hours. Its lowest valuation of the day was US$197.24, and its highest was US$205.03.
  • XRP was trading for US$2.62, a decrease of 0.7 percent over the last 24 hours. Its lowest valuation of the day was US$2.60, while its highest was US$2.67.

ETF data and derivatives trends

Bitcoin derivatives metrics indicate ongoing caution and positioning for downside risk.

Liquidations for Bitcoin contracts have totaled approximately US$6.42 million in the last four hours, the majority of which were long positions, reflecting short-term selling pressure.

Ether liquidations showed a similar pattern, with long positions dominating US$15.55 million in liquidations, though long and short liquidations were more evenly split.

Futures open interest for Bitcoin fell 0.5 percent to US$75.51 billion, and Ether futures declined 0.57 percent to US$49.89 billion, suggesting modest rotation or renewed altcoin activity.

The perpetual funding rate for Bitcoin was 0.008 and 0.009 for Ether, indicating a mild long bias among remaining positions. Bitcoin’s relative strength index stood at 54.84, reflecting neutral to moderately bullish momentum and room for price growth before overextended conditions.

Today’s crypto news to know

Binance eyes US return after Trump pardon for CZ

Binance is weighing a US market re-entry following President Donald Trump’s pardon of founder Changpeng Zhao, exploring options to consolidate its American affiliate or allow direct access for US investors, Bloomberg said.

The pardon clears Zhao’s 2023 conviction for failing to maintain anti-money laundering controls, restoring his ability to lead financial ventures. Hours after the announcement, Zhao expressed ambitions to make the US “the capital of crypto” and expand Web3 globally. Binance’s BNB token jumped 8 percent in response. Zhao currently oversees a blockchain ecosystem with around US$8.7 billion in assets, ranking third behind Ether and Solana.

Japan’s first regulated yen stablecoin launches

JPYC launched Japan’s first regulated yen-pegged stablecoin on Monday.

The stablecoin aligns with Japan’s Payment Services Act, requiring full reserve backing in yen deposits and government bonds. JPYC aims to issue 10 trillion yen (US$67 billion) over three years, challenging the US-dominated stablecoin market where USDC holds roughly US$40 billion.

The framework prioritizes consumer protection and financial stability, lessons drawn from the 2022 TerraUSD collapse.

JPYC offers zero-fee issuance, redemption and transfers, earning income via interest on reserves in deposits and government bonds. Each transfer is capped at 1 million yen under the regulatory structure.

American Bitcoin boosts strategic reserve to 3,865 BTC

American Bitcoin (ABTC) expanded its strategic reserve to 3,865 BTC, acquiring 1,414 BTC through both open market purchases and in-house mining, according to a company release.

The accumulation lifts the company’s Satoshis per share metric to 418, a 52 percent increase since September 1.

Integrated mining enables ABTC to secure BTC at lower costs than external acquisitions, giving it a structural advantage over competitors.

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

This post appeared first on investingnews.com

Copper Quest Exploration Inc. (CSE: CQX; OTCQB: IMIMF; FRA: 3MX) (‘ Copper Quest ‘ or the ‘ Company ‘) is pleased to announce that it has entered into a definitive agreement to acquire a 100% interest in the Kitimat Copper-Gold Project (the ‘Project’), located approximately 10 kilometers northwest of the deep-water port community of Kitimat, British Columbia.

PROJECT OVERVIEW

The Kitimat Copper-Gold Project covers approximately 2,954 hectares within the Skeena Mining Division of northwestern British Columbia. The Project is year-round road-accessible via a network of logging and mineral exploration roads extending north from Kitimat. The property benefits from exceptional infrastructure, being within 10 km of tidewater, 1.5 km of rail, and 6 km of high-voltage hydroelectric transmission lines.

Geologically, the Project is situated within the Stikine Terrane, a prolific belt that hosts numerous porphyry copper-gold systems and is underlain by Late Triassic volcanic rocks intruded by Jurassic diorite and granodiorite bodies of the Coast Plutonic Complex. The Project’s principal target areas is the Jeannette Cu-Au Zone displaying alteration and mineralization interpreted to represent low-level intermediate to low-sulfidation epithermal expressions of a larger Cu-Au porphyry system.

HISTORICAL EXPLORATION & HIGHLIGHTS

Exploration on the Kitimat property dates back to the late 1960s, with multiple operators conducting geochemical, geophysical, and drilling campaigns. The most significant historical work was conducted by Decade Resources Ltd. (2010), which completed 16 diamond drill holes totaling 4,437.5 meters in the Jeannette Cu-Au Zone. Notable results include:

  • Hole J-7: 117.07 m grading 1.03 g/t Au, 0.54% Cu, from 1.52 m to 118.60 m.
  • Hole J-1: 103.65 m grading 1.00 g/t Au, 0.55% Cu, from 9.15 m to 112.80 m.
  • Hole J-2: 107.01 m grading 0.80 g/t Au, 0.45% Cu, from 6.10 m to 113.11 m.
  • Hole J-8: 112.20 m grading 0.41 g/t Au, 0.33% Cu, from 11.89 m to 124.09 m.

The mineralized intervals encountered in the 2010 drilling demonstrate continuous near-surface copper-gold mineralization extending over significant widths, remain open at depth within the Jeannette Zone, and occur within a broader hydrothermal system that is interpreted to extend laterally beyond the area tested.

ACQUISITION DETAILS

Under the terms of the agreement Copper Quest has until January 5, 2026 to complete a due diligence review of the Project. Upon successful review, the Company will issue 2,000,000 common shares to the vendor, Bernie Kreft, on January 6, 2026, as full consideration for the acquisition. The Project is subject to a 2.5% net smelter return (NSR) royalty, of which 40% may be repurchased by the Company for CAD $1,000,000. Copper Quest will also retain a right of first refusal on any transaction involving the sale of the remaining royalty interest. Copper Quest has until

Mr. Kreft is a well-known Canadian prospector, entrepreneur, and former star of the Discovery Channel’s Yukon Gold television series. He has a long track record of successful mineral discoveries and project generation across British Columbia and Yukon.

A finder’s fee is payable in connection with the acquisition.

MANAGEMENT COMMENTS

Brian Thurston , CEO of CopperQuest, commented:

‘The addition of the Kitimat Copper-Gold Project demonstrates Copper Quest’s continued effort to add shareholder value through the acquisition of critical mineral projects. This project is ideally located with exceptional infrastructure, in a proven geological belt known for hosting major copper-gold systems. The strong historical drill results from the Jeannette zone speak to the potential of a larger near-surface mineralized system. We look forward to advancing this asset as part of our growing copper-gold portfolio.’

NEXT STEPS

  • The Company plans to leverage artificial intelligence (AI) analysis to integrate all historical and modern exploration data to establish a comprehensive geological and geophysical model for the Kitimat Porphyry Project and improve targeting precision.
  • Additional geological mapping, sampling, and geophysical surveys may be completed to refine priority drill targets as required. Field work could include ground magnetics, induced polarization (IP), and passive seismic to better define subsurface structure and mineralization trends.
  • A follow-up drill program would test key targets within the interpreted geology and surrounding high-grade corridors.

QUALIFIED PERSON

Brian G. Thurston, P.Geo., the Company’s President and CEO and a qualified person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects, has reviewed and approved the technical information in this news release.

ABOUT COPPER

Despite surging demand, global copper supply remains constrained. Ore grades are declining at major mines, permitting timelines for new projects have lengthened, and geopolitical tensions are reshaping supply chains toward stable, transparent jurisdictions. Governments in Canada, the U.S., and allied nations have increasingly identified copper as a strategic and critical metal necessary for economic and national security. Within this context, Copper Quest’s acquisition of the Kitimat Copper-Gold Project in British Columbia positions the Company to advance a discovery-stage asset in one of the world’s safest and most infrastructure-rich mining jurisdictions — precisely when new, scalable copper sources are most needed.

ABOUT Copper Quest Exploration Inc.

Copper Quest (CSE: CQX; OTCQB: IMIMF; FRA: 3MX) is focused on building shareholder value through the acquisition, exploration and development of its North American Critical Mineral portfolio of assets. The Company’s land package currently comprises five projects that span over 40,000+ hectares in great mining jurisdictions.

Copper Quest has a 100% interest in the Stars Property, a porphyry copper-molybdenum discovery, covering 9,693 hectares in central British Columbia’s Bulkley Porphyry Belt. Contiguous to the Stars Property, Copper Quest has a 100% interest in the 5,389-hectare Stellar Property. CQX also has an earn-in option up to 80% and joint-venture agreement on the 4,700-hectare porphyry copper-molybdenum Rip Project, also in the Bulkley Porphyry Belt.

Copper Quest has a 100% interest in the Nekash Copper-Gold Project, a porphyry exploration opportunity located in Lemhi County, Idaho, along the prolific Idaho-Montana porphyry copper belt that hosts world-class systems such as Butte and CUMO. The project is fully road-accessible via maintained U.S. highways and forest service roads and currently consists of 70 unpatented federal lode claims covering 585 hectares.

Copper Quest has a 100% interest in the Thane Project located in the Quesnel Terrane of Northern BC which spans over 20,658 ha with 10 high-priority targets identified demonstrating significant copper and precious metal mineralization potential.

Copper Quest’s leadership and advisory teams are senior mining industry executives who have a wealth of technical and capital markets experience and a strong track record of discovering, financing, developing, and operating mining projects on a global scale. Copper Quest is committed to sustainable and responsible business activities in line with industry best practices, supportive of all stakeholders, including the local communities in which it operates. The Company’s common shares are principally listed on the Canadian Stock Exchange under the symbol ‘CQX’. For more information on Copper Quest, please visit the Company’s website at www.copper.quest .

On behalf of the Board of Copper Quest Exploration Inc.

Brian Thurston, P.Geo.
Chief Executive Officer and Director
Tel: 778-949-1829

For further information contact:

Investor Relations
info@copper.quest

Forward Looking Information

This news release contains certain ‘forward-looking information’ and ‘forward-looking statements’ (collectively, ‘ forward-looking statements ‘) within the meaning of applicable securities legislation. All statements, other than statements of historical fact included herein, including without limitation, future operations and activities of Copper Quest, are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as ‘expects’, ‘anticipates’, ‘believes’, ‘intends’, ‘estimates’, ‘potential’, ‘possible’, and similar expressions, or statements that events, conditions, or results ‘will’, ‘may’, ‘could’, or ‘should’ occur or be achieved. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates based on or related to many of these factors. Such factors include, without limitation, risks associated with possible accidents and other risks associated with mineral exploration operations, the risk that the Company will encounter unanticipated geological factors, risks associated with the interpretation of exploration results, the possibility that the Company may not be able to secure permitting and other governmental clearances necessary to carry out the Company’s exploration plans, the risk that the Company will not be able to raise sufficient funds to carry out its business plans, and the risk of political uncertainties and regulatory or legal changes that might interfere with the Company’s business and prospects. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these items. The Company does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by applicable securities laws.

The Canadian Securities Exchange has not reviewed, approved or disapproved the contents of this press release, and does not accept responsibility for the adequacy or accuracy of this release.

News Provided by GlobeNewswire via QuoteMedia

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Apex Resources (TSXV:APX,OTC:SLMLF) is a mineral exploration company with a diversified North American portfolio, combining near-term tungsten-gold opportunities in British Columbia with district-scale lithium potential in Nevada.

The company’s flagship Lithium Creek project in Churchill County, Nevada, represents a new lithium-brine discovery opportunity. Geophysical and gravity surveys have outlined extensive low-resistivity zones and complex basin structures—hallmarks of major brine systems—defining multiple drill targets. Just 70 km east of Reno and 30 minutes from Tesla’s Gigafactory, Lithium Creek is strategically positioned within the U.S. battery manufacturing corridor.

Drilling at the Jersey-Emerald project

The Jersey-Emerald project, Apex’s flagship Canadian asset, is a past-producing mine complex hosting tungsten, zinc, lead, gold, and molybdenum. Located 10 km southeast of Salmo, BC, it includes the former Emerald and Jersey mines—once among Canada’s largest producers. Apex is applying modern exploration and geophysics to expand critical mineral zones and identify new targets across the 17,500-hectare property.

Company Highlights

  • Critical-minerals focus: Apex’s portfolio is anchored by lithium, tungsten and zinc, all designated as critical by Canada and the US.
  • Precious-Metals (Gold&Silver) are important by-products at Jersey-Emerald
  • Diversified exploration pipeline: Active drill program at Jersey-Emerald (tungsten-gold-zinc) while preparing to drill Lithium Creek in Nevada.
  • Large-scale opportunity: Apex controls contiguous and nearby claim blocks around Salmo, BC, including Jersey-Emerald and Ore Hill, forming a multi-deposit critical- and precious-metal exploration district spanning more than 17,500 hectares with several historic mines, hosting Tungsten, Zinc, Lead, Silver, Gallium, Germanium, Indium, Bismuth, Tellurium and Molybdenum.
  • Strong early results in USA: Lithium Creek brine samples up to 393 mg/L lithium, with geophysics outlining multiple deep-basin anomalies.
  • Historic infrastructure advantage in Canada: More than $100 million in existing underground workings at Jersey-Emerald; year-round road, rail and power access to both BC projects.
  • Tier-1 jurisdictions: Stable, mining-friendly locations in British Columbia and Nevada with clear permitting frameworks.
  • Experienced leadership: Proven technical and capital-markets expertise led by CEO Ron Lang and a board made up of seasoned exploration and mining professionals.

This Apex Resources profile is part of a paid investor education campaign.*

Click here to connect with Apex Resources (TSXV:APX,OTC:SLMLF) to receive an Investor Presentation

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Coelacanth Energy Inc. (TSXV: CEI,OTC:CEIEF) (‘Coelacanth’ or the ‘Company’) is pleased to provide the following update:

BANK CREDIT FACILITY
Coelacanth has signed an agreement to increase its bank credit facility from $52 million to $80 million with closing expected in mid-November. The Company estimates net bank debt relative to the credit facility to be $43 million as at September 30, 2025. The additional liquidity provided will be used, in part, to fund the fall drilling program noted below.

OPERATIONS UPDATE
Coelacanth is currently drilling 3 additional wells in the Lower Montney on its 5-19 Pad at Two Rivers East. Completions are anticipated for late November for an on-stream date of early February 2026. Coelacanth’s last 3 wells on the pad tested a combined 4,872 boe/d (60% light oil) and similar results are expected(1).

Coelacanth is currently producing 4 of its 9 wells on the 5-19 pad plus its legacy production at Two Rivers West. Based on field estimates, current production is approximately 4,400 boe/d (40% light oil). The remaining 5 wells are scheduled to come on production sequentially from mid-November until year-end. Test production on the 5 remaining wells was approximately 6,400 boe/d on a combined basis but net of flush production and declines, Coelacanth estimates production will be approximately 8,400 boe/d (40% light oil) at year-end and then exceed 10,000 boe/d in February 2026 when the new wells are on production (1).

Coelacanth’s business plan includes delineating and developing its large Montney resource that includes 4 potential Montney benches on its 150 section contiguous block of land at Two Rivers in northeast British Columbia.

(1) See ‘Test Results and Initial Production Rates’.

HEDGE POSITION

In conjunction with the drilling program and anticipated new wells coming on production, Coelacanth has placed the following hedges:

Product Quantity Price
($ CAD)
Reference
Point
Period
Natural Gas 10,000 gj/d 2.03 Station 2 Nov-Dec 2025
Natural Gas 5,000 gj/d 2.10 Station 2 Dec 2025
Natural Gas 10,000 gj/d 2.49 Station 2 Jan-Mar 2026
Light Oil 500 bbls/d 86.86 WTI Nov 2025-Apr 2026

 

Coelacanth is pleased with the results to date and the progression of the business plan.

FOR FURTHER INFORMATION PLEASE CONTACT:

Coelacanth Energy Inc.
2110, 530 – 8th Ave SW
Calgary, Alberta T2P 3S8
Phone: 403-705-4525
www.coelacanth.ca

Mr. Robert J. Zakresky
President and Chief Executive Officer

Mr. Nolan Chicoine
Vice President, Finance and Chief Financial Officer

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Oil and Gas Terms
The Company uses the following frequently recurring oil and gas industry terms in the news release:

Liquids
Bbls Barrels
Bbls/d Barrels per day
NGLs Natural gas liquids (includes condensate, pentane, butane, propane, and ethane)

 

Natural Gas
Mcf Thousands of cubic feet
Mcf/d Thousands of cubic feet per day
MMcf/d Millions of cubic feet per day

 

Oil Equivalent
Boe Barrels of oil equivalent
Boe/d Barrels of oil equivalent per day

 

Disclosure provided herein in respect of a boe may be misleading, particularly if used in isolation. A boe conversion rate of six thousand cubic feet of natural gas to one barrel of oil equivalent has been used for the calculation of boe amounts in the news release. This boe conversion rate is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead.

Product Types
The Company uses the following references to sales volumes in the news release:

Natural gas refers to shale gas
Oil refers to tight oil
NGLs refers to butane, propane and pentanes combined
Liquids refers to tight oil and NGLs combined
Oil equivalent refers to the total oil equivalent of shale gas, tight oil, and NGLs combined, using the conversion rate of six thousand cubic feet of shale gas to one barrel of oil equivalent as described above.

Forward-Looking Information

This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words ‘expect’, ‘anticipate’, ‘continue’, ‘estimate’, ‘may’, ‘will’, ‘should’, ‘believe’, ‘intends’, ‘forecast’, ‘plans’, ‘guidance’ and similar expressions are intended to identify forward-looking statements or information.

More particularly and without limitation, this document contains forward-looking statements and information relating to the Company’s oil, NGLs and natural gas production and capital programs. The forward-looking statements and information are based on certain key expectations and assumptions made by the Company, including expectations and assumptions relating to prevailing commodity prices and exchange rates, applicable royalty rates and tax laws, future well production rates, the performance of existing wells, the success of drilling new wells, the availability of capital to undertake planned activities and the availability and cost of labor and services.

Although the Company believes that the expectations reflected in such forward-looking statements and information are reasonable, it can give no assurance that such expectations will prove to be correct. Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, the risks associated with the oil and gas industry in general such as operational risks in development, exploration and production, delays or changes in plans with respect to exploration or development projects or capital expenditures, the uncertainty of estimates and projections relating to production rates, costs and expenses, commodity price and exchange rate fluctuations, marketing and transportation, environmental risks, competition, the ability to access sufficient capital from internal and external sources and changes in tax, royalty and environmental legislation. The forward-looking statements and information contained in this document are made as of the date hereof for the purpose of providing the readers with the Company’s expectations for the coming year. The forward-looking statements and information may not be appropriate for other purposes. The Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

Test Results and Initial Production Rates

The 5-19 Lower Montney well was production tested for 9.4 days and produced at an average rate of 377 bbl/d oil and 2,202 mcf/d gas (net of load fluid and energizing fluid) over that period which includes the initial cleanup where only load water was being recovered. At the end of the test, flowing wellhead pressure and production rates were stable.

The A5-19 Basal Montney well was production tested for 5.9 days and produced at an average rate of 117 bbl/d oil and 630 mcf/d gas (net of load fluid and energizing fluid) over that period which includes the initial cleanup where only load water was being recovered. At the end of the test, flowing wellhead pressure and production rates were stable.

The B5-19 Upper Montney well was production tested for 6.3 days and produced at an average rate of 92 bbl/d oil and 2,100 mcf/d gas (net of load fluid and energizing fluid) over that period which includes the initial cleanup where only load water was being recovered. At the end of the test, flowing wellhead pressure and production rates were stable.

The C5-19 Lower Montney well was production tested for 5.8 days and produced at an average rate of 736 bbl/d oil and 2,660 mcf/d gas (net of load fluid and energizing fluid) over that period which includes the initial cleanup where only load water was being recovered. At the end of the test, flowing wellhead pressure and production rates were stable.

The D5-19 Lower Montney well was production tested for 12.6 days and produced at an average rate of 170 bbl/d oil and 580 mcf/d gas (net of load fluid and energizing fluid) over that period which includes the initial cleanup where only load water was being recovered. At the end of the test, flowing wellhead pressure and production rates were stable. The D5-19 Lower Montney well was tied into the 16-03 facility and produced an average rate of 546 bbl/d oil, 2,659 mcf/d natural gas, and 48 bbl/d NGLs, for a total average rate of 1,037 boe/d, on a sales basis, over the first 30 days of in-line production (IP30).

The E5-19 Lower Montney well was production tested for 11.4 days and produced at an average rate of 312 bbl/d oil and 890 mcf/d gas (net of load fluid and energizing fluid) over that period which includes the initial cleanup where only load water was being recovered. At the end of the test, flowing wellhead pressure was stable, and production was starting to decline. The E5-19 Lower Montney well was tied into the 16-03 facility, and produced an average rate of 854 bbl/d oil, 2,660 mcf/d natural gas, and 49 bbl/d NGLs, for a total average rate of 1,346 boe/d, on a sales basis, over the first 30 days of in-line production (IP30).

The F5-19 Lower Montney well was production tested for 4.9 days and produced at an average rate of 728 bbl/d oil and 1,607 mcf/d gas (net of load fluid and energizing fluid) over that period which includes the initial cleanup where only load water was being recovered. At the end of the test, flowing wellhead pressure and production rates were stable. The F5-19 Lower Montney well was tied into the 16-03 facility, and produced an average rate of 745 bbl/d oil, 3,121 mcf/d natural gas, and 58 bbl/d NGLs, for a total average rate of 1,037 boe/d, on a sales basis, over the first 22 days of in-line production.

The G5-19 Lower Montney well was production tested for 7.1 days and produced at an average rate of 415 bbl/d oil and 1,489 mcf/d gas (net of load fluid and energizing fluid) over that period which includes the initial cleanup where only load water was being recovered. At the end of the test, flowing wellhead pressure and production rates were stable.

The H5-19 Lower Montney well was production tested for 8.1 days and produced at an average rate of 411 bbl/d oil and 1,166 mcf/d gas (net of load fluid and energizing fluid) over that period which includes the initial cleanup where only load water was being recovered. At the end of the test, flowing wellhead pressure was stable and production was starting to decline.

The reference under the ‘Operations Update’ to the last 3 wells drilled refers to the F5-19, G5-19, and H5-19 wells.

The reference under the ‘Operations Update’ to the remaining 5 wells are scheduled to come on production refers to the 5-19, A5-19, B5-19, G5-19, and H5-19 wells.

A pressure transient analysis or well-test interpretation has not been carried out on these nine wells and thus certain of the test results provided herein should be considered to be preliminary until such analysis or interpretation has been completed. Test results and initial production rates disclosed herein, particularly those short in duration, may not necessarily be indicative of long-term performance or of ultimate recovery.

Any references to peak rates, test rates, IP30, IP90, IP180 or initial production rates or declines are useful for confirming the presence of hydrocarbons, however, such rates and declines are not determinative of the rates at which such wells will continue production and decline thereafter and are not indicative of long-term performance or ultimate recovery. IP30 is defined as an average production rate over 30 consecutive days, IP90 is defined as an average production rate over 90 consecutive days and IP180 is defined as an average production rate over 180 consecutive days. Readers are cautioned not to place reliance on such rates in calculating aggregate production for the Company.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/272489

News Provided by Newsfile via QuoteMedia

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