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The FBI says two men have been indicted in connection with an alleged money-laundering scheme tied to Venezuelan dictator Nicolás Maduro’s children.

The indictments come after a years-long investigation that dates back to 2019 when the FBI’s Miami Field Office launched the probe based on indications that Arick Komarczyk opened U.S. bank accounts for Maduro’s children and their U.S.-based associates. Suspicious Activity Reports allegedly showed that Komarczyk received wire transfers from individuals and businesses in Venezuela, according to the FBI.

An undercover operation in 2022 revealed that Komarczyk and his associate, Irazmar Carbajal, agreed to move $100,000 of what the FBI believed to be sanctioned money belonging to members of Venezuela’s government. The FBI said the men moved about $25,000 into the U.S.

The bureau noted that when confronted about the situation, Kormarczyk was not alarmed, rather he called it ‘sexy business.’

FBI Director Kash Patel said money-laundering schemes linked to Maduro were ‘criminal lifelines’ for his regime.

‘Nicolás Maduro is not just another corrupt strongman, he is an indicted narcoterrorist dictator with a $50 million bounty on his head from the United States Department of Justice,’ Patel said in an exclusive statement to Fox News Digital. ‘His regime’s laundering schemes are nothing more than criminal lifelines for a failing dictatorship, and under my leadership, this FBI will continue to choke off every dollar, every account, and every enabler. America will never be a safe haven for Maduro’s blood money.’

On Sept. 25, both Kormarczyk and Carbajal were indicted in Florida. Kormarczyk was indicted on charges of money laundering and conspiracy to commit unlicensed money transmitting, while Carbajal was indicted for conspiracy to commit unlicensed money transmitting.

Carbajal traveled from his home country of Uruguay to the Dominican Republic, but he was deported on Oct. 2. The deportation flight made a layover in the U.S., where Carbajal was arrested, the FBI said. Meanwhile, Komarczyk is believed to be living in Venezuela, according to the bureau.

‘The Maduro regime’s alleged efforts to attempt evasion and conduct money laundering in the United States through third-party individuals will not go unchecked,’ FBI Miami Special Agent in Charge Brett Skiles said in an exclusive statement to Fox News Digital.

‘Komarczyk and Carbajal’s indictments should demonstrate the FBI’s commitment to investigating alleged international money laundering involving [Office of Foreign Assets Control] sanctioned governments and individuals,’ Skiles added. ‘The United States and our financial institutions will never be a safe haven for international corruption and money laundering, particularly for those countries which pose significant risks to our national interests.’

The U.S. does not recognize Maduro as a legitimate leader and the Department of Justice has an active reward for information leading to his arrest and/or conviction.

Patel’s remarks echoed the Trump administration’s condemnation of the Maduro regime.

In July, on the one-year anniversary of an election in which Maduro declared himself the winner, Secretary of State Marco Rubio issued a statement expressing solidarity with the people of Venezuela. He vowed the United States would continue working with its partners ‘to hold accountable the corrupt, criminal and illegitimate Maduro regime.’

This post appeared first on FOX NEWS

President Donald Trump on Saturday announced Israel has agreed to the ‘initial withdrawal line’ in Gaza, which the U.S. has shared with Hamas.

Pending Hamas confirmation, the agreement will trigger an immediate ceasefire and exchange of Israeli hostages and Palestinian prisoners.

‘After negotiations, Israel has agreed to the initial withdrawal line, which we have shown to, and shared with, Hamas. When Hamas confirms, the Ceasefire will be IMMEDIATELY effective, the Hostages and Prisoner Exchange will begin, and we will create the conditions for the next phase of withdrawal, which will bring us close to the end of this 3,000 YEAR CATASTROPHE,’ Trump wrote in a Truth Social post Saturday. ‘Thank you for your attention to this matter and, STAY TUNED!’

The announcement comes hours after Israeli Prime Minister Benjamin Netanyahu released a statement Saturday morning noting they were ‘on the verge of a very great achievement.’

‘It is not yet final; we are working on it diligently, and I hope, with God’s help, that in the coming days, during the Sukkot holiday, I will be able to inform you about the return of all our hostages, both living and deceased, in one phase, while the IDF remains deep within the Strip and in the controlling areas within it,’ Netanyahu said.

Netanyahu claimed that after intense military and diplomatic pressure, Hamas was pressured into agreeing to Israel’s proposed plan — rejecting the fact that Hamas had previously been ready to release the Israeli hostages without a full withdrawal from Gaza.

In the first stage of the withdrawal plan, he said Hamas will release all Israeli hostages while the IDF redeploys but maintains control over key strategic areas deep inside the Gaza Strip.

Netanyahu will send his negotiating team, headed by Minister Ron Dermer, to Egypt to finalize the technical details of the hostage release, which he expects to conclude within a few days. 

The prime minister emphasized that both Israel and the U.S. intend to prevent any stalling or delay tactics by Hamas. 

In the second stage of the plan, Netanyahu said Hamas will be disarmed and the Gaza strip demilitarized—either through diplomatic means under the Trump Plan or, if necessary, by military force. 

‘I also said this in Washington: Either it will be achieved the easy way, or it will be achieved the hard way—but it will be achieved,’ he said. 

‘Together, we pushed back our enemies’ plans of destruction. From Gaza to Rafah, from Beirut to Damascus, from Yemen to Tehran, together we have achieved great things,’ Netanyahu added. ‘From victory to victory—we are changing the face of the Middle East together. Together we will continue to act to ensure the eternity of Israel.’

Netanyahu thanked Trump for his assistance in dispatching the B2 planes to bomb the nuclear facility in Fordo, and for his ‘steadfast support.’

This post appeared first on FOX NEWS

Adrian Day, president of Adrian Day Asset Management, shares his thoughts on gold’s latest price activity, saying the metal is still ‘nowhere near a top.’

In his view, its long-term drivers remain in place, and two new ones have now emerged.

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

This post appeared first on investingnews.com

Arguing that noncitizens could be on state voter rolls — something that is illegal under federal law — the Trump administration is escalating its campaign to obtain registration data ahead of the 2026 midterms, despite a string of federal court setbacks.

The strategy has unfolded on three fronts: cooperation from Republican-led states willing to share voter data, lawsuits against roughly two dozen blue and purple states that have refused, and a legislative push in Congress to tighten national voting requirements. Federal judges have so far rebuffed the administration’s legal demands, but the Justice Department is widening its campaign as Election Day draws near. 

Hans von Spakovsky, a senior legal fellow at the conservative group Advancing American Freedom, said voter rolls are a central focus ahead of the midterms because of the Trump administration’s concerns that noncitizens are on them and could end up voting. It is illegal for noncitizens to vote in federal elections.

‘The problem is, blue states, like Oregon, they have no interest in that kind of verification, so they’re not actually doing what they ought to be doing, which is running data-based comparisons with the [Department of Homeland Security],’ von Spakovsky told Fox News Digital.

The DOJ has made sweeping demands for not just publicly available voter roll data, but also sensitive information, such as voters’ partial Social Security numbers and dates of birth.

The latest state to successfully fight the DOJ’s request is Michigan, where Secretary of State Jocelyn Benson said the federal government was not entitled to its 7 million voters’ personal information beyond what was already available.

The DOJ cited three federal laws, the Civil Rights Act, the Help America Vote Act and the National Voter Registration Act, that it said gave the Trump administration the right to the confidential information. Judge Hala Jarbou disagreed.

‘The Court concludes that (1) HAVA does not require the disclosure of any records, (2) the NVRA does not require the disclosure of voter registration lists because they are not records concerning the implementation of list maintenance procedures, and (3) the CRA does not require the disclosure of voter registration lists because they are not documents that come into the possession of election officials,’ Jarbou, a Trump appointee wrote.

Federal judges in Oregon and California have also thrown out the DOJ’s lawsuits. The DOJ could appeal the decisions. A department spokesperson declined to comment for this story.

But the DOJ has seen cooperation from red states, such as Texas, Alabama and Mississippi, who were among several to reach a ‘Memorandum of Understanding’ that led the states to hand over the information the department wanted.

In another maneuver, Attorney General Pam Bondi pressured Minnesota Gov. Tim Walz, a Democrat, to provide the Midwest battleground’s voter rolls, saying in a warning letter that such action would help ease unrest in the state that stemmed from a federal immigration crackdown there. 

Democrats were enraged by the letter and have argued the Trump administration is infringing on states’ rights to conduct their own elections.

Sen. Chris Murphy, D-Ct., argued the letter was a ‘pretext for Trump to take over elections in swing states,’ while a state lawyer described the letter as a ‘ransom note.’ The DOJ, at the time, told Fox News Digital Democrats were ‘shamelessly lying’ about the letter’s purpose. Bondi said that handing over the voter rolls was among several ‘simple steps’ Minnesota could take to ‘bring back law and order.’ A lawsuit is still pending in Minnesota over the voter rolls.

In Congress, the Safeguard American Voter Eligibility Act would make it a national requirement that people registering to vote provide in-person proof of citizenship, such as birth certificates or passports. The legislation also includes a new national requirement for photo ID at the polls.

The bill has widespread Republican support. The House passed the SAVE Act last week, and even moderate Republican senators like Sen. Susan Collins, R-Me., have said they are on board with it. The bill is still stalled in the Senate, however, because it needs 60 votes to pass, meaning several Democrats would need to support it. Currently, none do. 

Von Spakovsky noted that the SAVE Act had a key provision that would allow private citizens to bring lawsuits over it.

‘There’s no question in my mind that if the Save Act gets passed, there are election officials in blue states that will be reluctant to or may refuse to enforce the proof of citizenship requirement,’ von Spakovsky said. ‘The Save Act provides a private right of action, so that means that citizens in Oregon could sue those election officials if they’re refusing to comply with the Save Act.’

He said the private right of action provision would also provide recourse for citizens if Democrats take over the DOJ in the next administration and refuse to enforce the SAVE Act.

Trump has repeatedly argued that noncitizen voting poses a threat to election integrity and has pressed Republican lawmakers to tighten federal requirements. Last week, he floated attempting to impose identification requirements through executive order if Congress does not act.

‘This is an issue that must be fought, and must be fought, NOW!’ Trump wrote on Truth Social. ‘If we can’t get it through Congress, there are Legal reasons why this SCAM is not permitted. I will be presenting them shortly, in the form of an Executive Order.’

A much broader bill called the Make Elections Great Again Act is still moving through the House and faces a steeper uphill climb to passage.

In addition to national documented proof of citizenship requirement, the MEGA Act would end universal mail voting, eliminate ranked-choice voting and ban ballots postmarked by Election Day from being accepted after that day, which would outlaw postmark rules in 14 states and Washington, D.C.

This post appeared first on FOX NEWS

The U.S. is preparing to expand the deployment of advanced missile systems in the northern Philippines, placing additional long-range strike capability within range of key Chinese military assets and reinforcing Washington’s effort to counter Beijing’s growing assertiveness across the Indo-Pacific.

U.S. and Philippine officials announced plans to increase deployments of ‘cutting-edge missile and unmanned systems’ to the treaty ally, as both governments condemned what they described as China’s ‘illegal, coercive, aggressive and deceptive activities’ in the South China Sea.

The move comes as confrontations between Chinese and Philippine vessels have intensified in disputed waters and as Beijing continues to pressure Taiwan, raising the stakes across the region’s most sensitive flashpoints.

It builds on the deployment of the U.S. Army’s Typhon missile system in northern Luzon, Philippines, a ground-based launcher capable of firing Tomahawk cruise missiles that can travel more than 1,000 miles.

Tomahawks can travel more than 1,000 miles — a range that, from northern Luzon, Philippines, places portions of southern China and major People’s Liberation Army (PLA) facilities within reach. The positioning also allows the U.S. and Philippine militaries to cover large swaths of the South China Sea and key maritime corridors connecting it to the broader Pacific.

The U.S. first deployed the Typhon system to Luzon, Philippines, in April 2024. An anti-ship missile launcher known as the Navy Marine Expeditionary Ship Interdiction System was deployed in 2025 to Batan Island in the northernmost Philippine province of Batanes.

That island faces the Bashi Channel, a strategic waterway just south of Taiwan that serves as a critical transit route for commercial shipping and military vessels moving between the South China Sea and the Western Pacific. Control of that channel would be vital in any potential Taiwan contingency.

Beijing has urged Manila to withdraw the U.S. systems from its territory, but officials under President Ferdinand Marcos Jr. have rejected those demands.

‘China has consistently stated its firm opposition to the United States’ deployment of advanced weapons systems in the Philippines. The introduction of strategic and offensive weapons that heighten regional tensions, fuel geopolitical confrontation, and risk triggering an arms race is extremely dangerous. Such actions are irresponsible to the people of the Philippines, to Southeast Asian nations, and to regional security as a whole,’ Chinese embassy spokesperson Liu Pengyu told Fox News Digital.  ‘The United States is not a party to disputes in the South China Sea and has no standing to intervene in maritime issues between China and the Philippines.’

‘The Taiwan question lies at the very heart of China’s core interests. China’s determination to defend its national sovereignty, security, and territorial integrity is unwavering. Any provocation that crosses red lines on Taiwan will be met with resolute countermeasures, and any attempt to obstruct China’s reunification is doomed to fail,’ Liu continued. 

Neither side detailed how many additional systems would be sent or whether the deployments would be permanent, but Philippine Ambassador to Washington Jose Manuel Romualdez said U.S. and Filipino defense officials discussed deploying upgraded missile launchers that Manila may eventually seek to purchase.

‘It’s a kind of system that’s really very sophisticated and will be deployed here in the hope that, down the road, we will be able to get our own,’ Romualdez told The Associated Press.

Romualdez stressed that the deployments are intended as a deterrent.

‘It’s purely for deterrence,’ he said. ‘Every time the Chinese show any kind of aggression, it only strengthens our resolve to have these types.’

China repeatedly has objected to the missile deployments, warning they threaten regional stability and accusing Washington of trying to contain its rise.

In a joint statement following annual bilateral talks in Manila, the U.S. and the Philippines underscored their support for freedom of navigation and unimpeded commerce in the South China Sea — a vital global trade artery through which trillions of dollars in goods pass each year.

‘Both sides condemned China’s illegal, coercive, aggressive and deceptive activities in the South China Sea, recognizing their adverse effects on regional peace and stability and the economies of the Indo-Pacific and beyond,’ the statement said.

China claims virtually the entire South China Sea despite an international tribunal ruling in 2016 that invalidated many of its sweeping claims. In recent years, Chinese coast guard and maritime militia vessels have clashed repeatedly with Philippine ships near disputed shoals, including Second Thomas Shoal.

The expanded missile deployments also come as the Pentagon balances rising tensions in multiple theaters. In recent weeks, the USS Abraham Lincoln carrier strike group — which had been operating in the Indo-Pacific — was redirected toward the Middle East as the U.S. moved to bolster its posture amid escalating tensions with Iran. 

The deployments also reflect a broader U.S. effort to strengthen its military posture along the so-called ‘first island chain’ — a string of territories stretching from Japan through Taiwan and the Philippines that forms a natural barrier to Chinese naval expansion into the Pacific.

Washington has deepened defense cooperation with Manila under the Enhanced Defense Cooperation Agreement, expanding U.S. access to Philippine bases, including sites in northern Luzon close to Taiwan.

China in May released a national security white paper criticizing the deployment of an ‘intermediate-range missile system’ in the region — widely viewed as a reference to the U.S. Typhon launcher in the Philippines. The document accused unnamed countries of reviving a ‘Cold War mentality’ and forming military ‘small groups’ that aggravate regional tensions.

For U.S. planners, dispersing mobile, land-based missile systems across allied territory complicates Beijing’s military calculus. Instead of relying solely on ships and aircraft, the U.S. can field ground-based systems that are harder to track and capable of holding Chinese naval and air assets at risk.

For Beijing, however, such deployments reinforce its long-standing claim that the United States is encircling China militarily.

As tensions simmer in both the South China Sea and around Taiwan, the positioning of long-range U.S. missile systems on Philippine soil underscores how the strategic competition between Washington and Beijing is increasingly being defined by geography — and by which side can project credible deterrent power across it.

This post appeared first on FOX NEWS

The gold price continued to move this week, approaching the US$3,900 per ounce level and setting a fresh all-time high on the back of a US government shutdown.

The closure came after Congress failed to reach an agreement on a spending bill ahead of the new American fiscal year, which began on Wednesday (October 1).

Democrats and Republicans are at odds as Democrats push for changes to the bill, including an extension to billions of dollars in Obamacare subsidies; meanwhile, President Donald Trump has threatened thousands of permanent layoffs, not just temporary furloughs.

This shutdown is the 15th since 1981, and according to Senate Majority Leader John Thune, it could continue on until next week as the two sides negotiate. The longest government shutdown happened between 2018 and 2019, during Trump’s first presidency, and lasted for 35 days.

Part of the reason market watchers see this shutdown as significant is that it will delay the release of the latest nonfarm payrolls report, which was set to come out on Friday (October 3).

Depending on how long the shutdown lasts, September consumer price index data, which is scheduled for publication on October 15, may also not be on time.

The US Federal Reserve is due to meet later this month, from October 28 to 29, and normally would use this and other data to help make its decision on interest rates. The central bank cut rates by 25 basis points at its September meeting, and CME Group’s (NASDAQ:CME) FedWatch tool currently shows strong expectations for another 25 basis point reduction at the next gathering.

Although gold took a breather after nearing US$3,900, it remains historically high, with many market watchers suggesting US$4,000 is in the cards in the near term.

In the longer term, some experts have even loftier expectations — for example, Adam Rozencwajg of Goehring & Rozenwajg sees a path to a five-figure gold price.

‘It’s not going to happen under normal circumstances — it’s not going to happen when everything’s going great. But by the end of this cycle, will we get there? I think we probably will,’ he said.

It’s also worth touching on silver, which pushed past the US$48 per ounce mark this week. Unlike gold, silver has not yet broken its all-time high during this bull run — it’s pushing up against uncharted territory, raising questions about how high it can go this time.

On that note, David Morgan of the Morgan Report shared several factors that would tell him the market is reaching a top. Here’s what he said:

‘You want to look at exchange-traded fund flows like the GDX, GDXJ, SIL and SILJ. At the same time, more important than almost anything is trading volume at the stock level. When mid-tier and smaller producers suddenly trade three, four or five times their normal daily volume, and prices are rising, that isn’t random. That’s retail money coming back into the market, and fund buying and probably institutions.

‘One more layer of confirmation is relative to performance. When the mining sector starts to outperform the S&P 500 (INDEXSP:.INX), which it has, and the Nasdaq (INDEXNASDAQ:.IXIC), which it has, it’s a telltale sign that the generalist money, not just the hard money crowd, is beginning to rotate in.’

Bullet briefing — CEO shakeup at Barrick, Newmont

Barrick Mining (TSX:ABX,NYSE:B) and Newmont (NYSE:NEM,ASX:NEM) both announced major executive changes this week, with the CEOs of both companies departing.

Barrick’s Mark Bristow unexpectedly stepped down from his position on Monday (September 29) after nearly seven years at the helm of the firn. His exit, which was effective immediately, comes after big changes at the firm, including a shift toward copper and an asset divestment program designed to hone the company’s focus on tier-one assets.

It also follows persistent issues in Mali, where Barrick lost control of its gold-mining complex and had 3 metric tons of the yellow metal seized by the government.

According to Reuters, Bristow’s handling of that ongoing situation was the final straw that prompted the company’s board to push for a change in leadership.

Newmont announced the retirement of Tom Palmer the same day. He had held the position since 2019, and will be succeeded by the company’s president and COO. Analysts note that Newmont had been signaling that a succession plan was in the works.

Similar to Barrick, the company has been in the midst of an extensive program geared at streamlining its portfolio. Newmont acquired Newcrest Mining in 2023, and in February 2024 announced a program to sell non-core assets. It completed the program in April of this year, but has continued to make portfolio adjustments, and to pursue other cost-saving measures.

Market watchers note that despite efforts to boost efficiency, Barrick and Newmont have both failed to match the performance of their peers during today’s bull market.

Year-on-year share price performance of major gold miners.

Chart via Google Finance.

With gold-mining companies conscious of not repeating missteps made during the precious metal’s last runup, investors will no doubt be keen to see how they perform under new management.

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

This post appeared first on investingnews.com

The big news impacting markets this week is the shutdown of the US government.

While lawmakers were trying to find a funding solution, Democratic and Republican lawmakers were at loggerheads over maintaining funding for Medicaid programs. It marks the first time in seven years that the government has been shut down — the last time came during negotiations over the disputed US-Mexico border wall in December 2018.

President Donald Trump has resolved to use the closure to push through the firing of thousands of federal government employees and cut funding to projects promised by Democrats.

Additionally, the jobs report, scheduled for release on Friday (October 3), was delayed, causing greater uncertainty for analysts and investors who were trying to gauge the strength of the economy in September.

Despite the lack of official government data, payroll processor ADP reported a loss of 32,000 jobs in September. The decline represents a significant difference from the 45,000 jobs analysts had expected to be added.

Lawmakers aren’t scheduled to return to the negotiating tables until early next week.

For more on what’s moving markets this week, check out our top market news round-up.

Markets and commodities react

Canadian equity markets were in positive territory this week by the end of trading Friday.

The S&P/TSX Composite Index (INDEXTSI:OSPTX) continued its record breaking performance this week, gaining 2.33 percent on the week to close Friday at 30,471.68.

The S&P/TSX Venture Composite Index (INDEXTSI:JX) performed even better, ending the week up 4.38 percent to 964.04. The CSE Composite Index (CSE:CSECOMP) was up 3.3 percent on to close out the week at 180.03.

The gold price continued to climb this week, setting another new record, as it achieved an intraday high of US$3,893.82 per ounce on Thursday (October 2). It was still up 3.63 percent on the week at US$3,884.19 by Friday’s close.

The silver price saw more significant gains, rising 6.31 percent to set a year-to-date high of US$48.30 per ounce during trading on Friday before settling at US$47.95 per ounce by 4:00 p.m. EDT.

The silver price is trading at 14 year highs and has been closing in on records set in April of that year.

Copper had sizable gains this week as the fallout from the closure of Freeport’s Grasberg mine continued to ripple through the market. The copper price was up 7.13 percent this week to US$5.11 per pound.

The S&P Goldman Sachs Commodities Index (INDEXSP:SPGSCI) fell 2.12 percent to end Friday at 546.27.

Top Canadian mining stocks this week

How did mining stocks perform against this backdrop?

Take a look at this week’s five best-performing Canadian mining stocks below.

Stocks data for this article was retrieved at 4:00 p.m. EDT on Friday using TradingView’s stock screener. Only companies trading on the TSX, TSXV and CSE with market caps greater than C$10 million are included. Mineral companies within the non-energy minerals, energy minerals, process industry and producer manufacturing sectors were considered.

1. Prospector Metals (TSXV:PPP)

Weekly gain: 355.56 percent
Market cap: C$128.18 million
Share price: C$1.23

Prospector Metals is a gold explorer working to advance its flagship ML project in the Yukon, Canada.

The 10,869 hectare property, situated near Dawson City, is located within the Tintina Gold Belt, which is home to significant historic mining operations and current exploration and development projects.

Exploration at the site has led to the discovery of more than two dozen high-grade gold surface occurrences, including the Bueno target, which has delivered samples with grades of up to 156 grams per metric ton (g/t).

Shares of Prospector surged following the release of assay results on Wednesday (October 1). In its announcement, the company reported significant near-surface, high-grade assays, with one highlighted sample returning grades of 13.79 g/t gold over 44 meters, and another showing 21.93 g/t gold over 24.65 meters, including 288 g/t gold over 1 meter.

2. Sokoman Minerals (TSXV:SIC)

Weekly gain: 200 percent
Market cap: C$45.92 million
Share price: C$0.165

Sokoman Minerals bills itself as a discovery-oriented company with a portfolio of gold projects and one of the largest land positions in Newfoundland and Labrador, Canada. It also owns a 40 percent stake in the Killick lithium project, a 40/40/20 joint venture with Benton Resources (TSXV:BEX) and Piedmont Lithium (ASX:PLL).

Its primary focus is its flagship Moosehead gold project, located in Central Newfoundland. The project consists of 98 claims covering 2,450 hectares and hosts an orogenic Fosterville-style gold system, according to Sokoman. The company has defined seven zones with high-grade mineralization through over 130,000 meters of drilling.

Sokomon reported on September 12 that it planned to start diamond drilling at the site with a focus on testing the Eastern and Western Trend zones for depth extensions, as well as undiscovered parallel zones. Additionally, the company said on September 2 that it had expanded its land position at the Crippleback Lake gold-copper property to 13,000 hectares and planned to mobilize for induced-polarization surveys, sampling and mapping of the site.

The most recent news from the company came on Monday (September 29), when it announced that Denis Laviolette was appointed to the roles of director, executive chair and CEO. Laviolette joins the company with over two decades of experience in the mining industry, including roles in geology and production, and as an industry analyst.

The company also announced that Timothy Froude will be transitioning to the role of company president, having previously held both the president and CEO roles. Additionally, Gary Nassif, former senior vice president of Lode Gold Resources (TSXV:LOD,OTCQB:LODFF), was appointed as a director, and Greg Matheson, former COO of New Found Gold (TSXV:NFG,NYSEAMERICAN:NFGC), was named vice president of exploration.

3. Kesselrun Resources (TSXV:KES)

Weekly gain: 118.18 percent
Market cap: C$10.82 million
Share price: C$0.12

Kesselrun Resources is an explorer working to advance the Huronian gold project in Ontario, Canada.

The project is located in a region with significant exploration and mining assets, including Agnico Eagle Mines’ (TSX:AEM,NYSE:AEM) Hammond Reef project and New Gold’s (NYSE:NGD,TSX:NGD) Rainy River mine. Historic indicated resources at Huronian are 45,000 ounces of gold, with inferred quantities of 501,000 ounces or gold.

Shares of Kesselrun surged this week after Gold X2 Mining (TSXV:AUXX,OTCQB:GSHRF) announced on Wednesday that it had signed a definitive agreement to acquire Kesselrun. Gold X2 said the transaction will give it a 100 percent interest in the Huronian project, which is located adjacent to its own Moss gold project.

4. Royal Road Minerals (TSXV:RYR)

Weekly gain: 104.35 percent
Market cap: C$55.80 million
Share price: C$0.235

Royal Road is an exploration company working to advance its Güintar and Margaritas projects and the El Aleman mining concession in Colombia. The company acquired the adjacent Güintar and Margaritas properties, located near Medellin, from major miner AngloGold Ashanti (NYSE:AU,JSE:ANG) in 2019. Since that time, Royal Road has drilled a total of 13,700 meters across 45 drill holes at Güintar, while Margaritas remains untested.

Assays have produced a highlighted intersection of 1 g/t gold equivalent over 303.7 meters, which includes 2.1 g/t gold, 12.4 parts per million silver and 0.6 percent copper over 62 meters.

Shares of Royal Road gained this week alongside a pair of news releases. On Monday, the company announced that Rio2 (TSXV:RIO,OTCQX:RIOFF) has acquired approximately 15 percent of Royal Road’s issued and outstanding shares as part of a block trade; they were previously held by a single investor.

The other release came on Tuesday (September 30), when Royal Road reported that it has engaged with state and local authorities, as well as the local community, to restart work at Güintar and Margaritas.

5. StrikePoint Gold (TSXV:SKP)

Weekly gain: 103.85 percent
Market cap: C$12.06 million
Share price: C$0.265

StrikePoint Gold is an explorer with a focus on its Hercules gold project in Nevada, US.

The 100 square kilometer site, located within the Walker Lane Trend, hosts five drill-tested targets, with over 300 holes. The company acquired the property in August 2024 from Elevation Gold Mining for a total consideration of C$250,000, along with a 3 percent royalty on certain claims. On April 28, the company released results from its spring drilling program, with one highlighted assay returning values of 0.54 g/t gold and 4.62 g/t silver from 32.04 meters below surface; that includes an interval of 1.14 g/t gold and 10.53 g/t silver over 4.57 meters.

The most recent news from the project was announced on September 23, when StrikePoint said it had received drill permits for the Pony Meadows target. The company noted that it is permitted to mobilize up to three rigs, and will focus on a 2.6 kilometer structure that was revealed during surface exploration.

StrikePoint said it has two additional permits for the Sirens and Como Comet targets.

FAQs for Canadian mining stocks

What is the difference between the TSX and TSXV?

The TSX, or Toronto Stock Exchange, is used by senior companies with larger market caps, and the TSXV, or TSX Venture Exchange, is used by smaller-cap companies. Companies listed on the TSXV can graduate to the senior exchange.

How many mining companies are listed on the TSX and TSXV?

As of May 2025, there were 1,565 companies listed on the TSXV, 910 of which were mining companies. Comparatively, the TSX was home to 1,899 companies, with 181 of those being mining companies.

Together, the TSX and TSXV host around 40 percent of the world’s public mining companies.

How much does it cost to list on the TSXV?

There are a variety of different fees that companies must pay to list on the TSXV, and according to the exchange, they can vary based on the transaction’s nature and complexity. The listing fee alone will most likely cost between C$10,000 to C$70,000. Accounting and auditing fees could rack up between C$25,000 and C$100,000, while legal fees are expected to be over C$75,000 and an underwriters’ commission may hit up to 12 percent.

The exchange lists a handful of other fees and expenses companies can expect, including but not limited to security commission and transfer agency fees, investor relations costs and director and officer liability insurance.

These are all just for the initial listing, of course. There are ongoing expenses once companies are trading, such as sustaining fees and additional listing fees, plus the costs associated with filing regular reports.

How do you trade on the TSXV?

Investors can trade on the TSXV the way they would trade stocks on any exchange. This means they can use a stock broker or an individual investment account to buy and sell shares of TSXV-listed companies during the exchange’s trading hours.

Article by Dean Belder; FAQs by Lauren Kelly.

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

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

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Global equities climbed this week as investors weighed looming risks from the US government shutdown, which delayed the release of essential jobs data on Friday (October 3).

Macro headlines emphasized the possible economic impact. However, despite uncertainty, both the S&P/TSX Composite Index (INDEXTSI:OSPTX) and Wall Street advanced this week, with the S&P 500 (INDEXSP:.INX) and Nasdaq Composite (INDEXNASDAQ:.IXIC) touching multiple record intraday highs.

The strength of the technology sector was a key driver behind these gains.

Chipmakers, tech infrastructure companies and artificial intelligence (AI) stocks led the rally, with gains to NVIDIA (NASDAQ:NVDA) and other semiconductor stocks underpinning broader market optimism.

The Nasdaq rose about 1.36 percent over the week’s five sessions.

Nasdaq Composite performance, September 29 to October 3, 2025.

Chart via Google Finance.

3 tech stocks that moved markets this week

1. CoreWeave (NASDAQ:CRWV)

CoreWeave landed up to US$14.2 billion in new business from Meta Platforms (NASDAQ:META) on the heels of a US$6.5 billion deal with OpenAI. Investors view this as affirmation of CoreWeave’s rising importance in the rapidly growing AI hardware market. CoreWeave climbed 11.6 percent, from US$120.71 to US$134.79, this week.

2. Shopify (NYSE:SHOP)

This Canadian e-commerce company’s shares soared after it received a price target upgrade this week.

TD Securities reinstated its ‘hold’ rating for Shopify and raised its price target from US$130 to US$156, citing strong revenue growth prospects and a strategic partnership with OpenAI to enable merchants to sell products directly through ChatGPT. Shopify’s share price climbed 13.68 percent this week, rising from US$141.75 to US$161.14.

3. Intel (NASDAQ:INTC)

Reports of a major chip-manufacturing agreement between Intel and Advanced Micro Devices (NASDAQ:AMD) surfaced on Friday. The deal reportedly involves Intel producing AMD-designed chips at its foundries.

The report was well received by investors, contributing to Intel’s strong share price performance and reflecting positive momentum for Intel’s manufacturing capabilities and growth strategy. AMD’s official response was a brief acknowledgment of the ongoing speculation, with no explicit denial. Shares of Intel saw a 6.69 percent increase this week, climbing from US$34.52 to US$36.83. AMD advanced by 2.84 percent.

Shopify, CoreWeave and Intel performance, September 29 to October 3, 2025.

Chart via Google Finance.

ETF performance

This week, the VanEck Semiconductor ETF (NASDAQ:SMH) gained 3.68 percent, while the Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) increased by approximately 3.39 percent.

For its part, the iShares Semiconductor ETF (NASDAQ:SOXX) advanced about 3.06 percent.

These gains reflect ongoing investor optimism for AI innovation and infrastructure buildup.

Other tech market news

            Tech news to watch next week

            Despite political wrangling and macro uncertainty, the technology sector has entered the fourth quarter showing positive momentum. AI hardware remains a pivotal theme, while landmark deals and investment rounds underscore bullish sentiment among both corporate insiders and institutional investors.

            Careful navigation of evolving US policy, global supply chain challenges and shifting capital flows will be critical for tech sector leadership as the final quarter of 2025 progresses.

            Next week, investors will await commentary following a planned meeting between Canadian Prime Minister Mark Carney and US President Donald Trump in Washington on October 6 to negotiate a deal to reduce US tariffs.

            Their meeting precedes a scheduled review of the US-Mexico-Canada Agreement.

            US Federal Reserve discussions and related market updates will continue shaping investor sentiment as markets await more clarity on monetary policy and inflation dynamics. The likelihood of delays in key economic data releases remains high due to the ongoing US government shutdown.

            Q3 earnings from Applied Digital (NASDAQ:APLD), set for release on October 9, will provide insights into the company’s progress on its AI-focused data center expansions. The report could be a key indicator of trends and demand in the rapidly growing AI infrastructure market, potentially influencing broader industry sentiment.

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

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            Apollo Silver Corp. (‘ Apollo Silver ‘ or the ‘ Company ‘) (TSX.V:APGO, OTCQB:APGOF, Frankfurt:6ZF0) is pleased to announce that due to strong investor demand from current shareholders, the Company has elected to increase the size of its previously announced non-brokered private placement offering and will now offer up to 7,437,680 (the ‘ Units ‘) of the Company at a price of $3.60 per Unit, for aggregate gross proceeds of up to $26,775,648 (the ‘ Upsized Offering ‘).

            Each Unit issued pursuant to the Upsized Offering will consist of one common share (a ‘ Share ‘) in the capital of the Company and one common Share purchase warrant (a ‘ Warrant ‘). Each Warrant entitles the holder thereof to purchase one Share at an exercise price of $5.50 for 24 months from the closing date of the Offering. The Warrants will be subject to an acceleration provision, such that if at any time after the date that is four months and one day after the closing, the Company’s Shares trade on the TSX Venture Exchange (the ‘ TSXV ‘) at a closing price of $7.50 or greater per Share for a period of ten (10) consecutive trading days, the Company may accelerate the expiry of the Warrants by giving notice to the holders thereof and, in such case, the Warrant will expire on the thirtieth (30th) day after the date of such notice (the ‘ Acceleration Provision ‘)

            All securities issued in connection with the Upsized Offering will be subject to a four-month hold period from the date of closing. Finder’s fees may be payable on some or all of the funds raised, in accordance with the policies of the TSXV. The Company intends on using the net proceeds from the Upsized Offering to continue advancing the Calico Silver Project in San Bernardino, California; to support community relations initiatives at Cinco de Mayo Silver Project in Chihuahua, Mexico; to cover ongoing property maintenance costs at both projects; and for general corporate purposes.

            Closing of the Upsized Offering is subject to final regulatory approval including that of the TSXV.

            Insider Participation

            The Upsized Offering will include participation by certain insiders of the Company, which constitutes a ‘related party transaction’ under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (‘MI 61-101’). The issuance of securities to insiders will be exempt from the formal valuation requirement pursuant to section 5.5(b) of MI 61-101, as the Company’s shares are not listed on a specified market, and from the minority shareholder approval requirement pursuant to section 5.7(a) of MI 61-101, as the fair market value of the securities issued to related parties does not exceed 25% of the Company’s market capitalization.

            The Shares have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the ‘ U.S. Securities Act ‘), or any U.S. state securities laws, and may not be offered or sold in the United States without registration under the U.S. Securities Act and all applicable state securities laws or compliance with the requirements of an applicable exemption therefrom. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

            About Apollo Silver Corp.

            Apollo is advancing one of the largest undeveloped primary silver projects in the US. The Calico project hosts a large, bulk minable silver deposit with significant barite credits – a critical mineral essential to the US energy and medical sectors. The Company also holds an option on the Cinco de Mayo Project in Chihuahua, Mexico, which is host to a major carbonate replacement (CRD) deposit that is both high-grade and large tonnage. Led by an experienced and award-winning management team, Apollo is well positioned to advance the assets and deliver value through exploration and development.

            Please visit www.apollosilver.com for further information.

            ON BEHALF OF THE BOARD OF DIRECTORS

            Ross McElroy
            President and CEO

            For further information, please contact:

            Email: info@apollosilver.com

            Telephone: +1 (604) 428-6128

            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.

            Cautionary Statement Regarding ‘Forward-Looking’ Information

            This news release includes ‘forward-looking statements’ and ‘forward-looking information’ within the meaning of Canadian securities legislation. All statements included in this news release, other than statements of historical fact, are forward-looking statements including, without limitation, statements with respect to the expected timing for completion of the Upsized Offering; and the intended use of proceeds from the Offering. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as ‘anticipate’, ‘believe’, ‘plan’, ‘estimate’, ‘expect’, ‘potential’, ‘target’, ‘budget’ and ‘intend’ and statements that an event or result ‘may’, ‘will’, ‘should’, ‘could’ or ‘might’ occur or be achieved and other similar expressions and includes the negatives thereof.

            Forward-looking statements are based on the reasonable assumptions, estimates, analysis, and opinions of the management of the Company made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management of the Company believes to be relevant and reasonable in the circumstances at the date that such statements are made. Forward-looking information is based on reasonable assumptions that have been made by the Company as at the date of such information and is subject to known and unknown risks, uncertainties and other factors that may have caused actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: risks associated with mineral exploration and development; metal and mineral prices; availability of capital; accuracy of the Company’s projections and estimates; realization of mineral resource estimates, interest and exchange rates; competition; stock price fluctuations; availability of drilling equipment and access; actual results of current exploration activities; government regulation; political or economic developments; environmental risks; insurance risks; capital expenditures; operating or technical difficulties in connection with development activities; personnel relations; and changes in Project parameters as plans continue to be refined. Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to the price of silver, gold and barite; the demand for silver, gold and barite; the ability to carry on exploration and development activities; the timely receipt of any required approvals; the ability to obtain qualified personnel, equipment and services in a timely and cost-efficient manner; the ability to operate in a safe, efficient and effective matter; and the regulatory framework regarding environmental matters, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate and actual results, and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information contained herein, except in accordance with applicable securities laws. The forward-looking information contained herein is presented for the purpose of assisting investors in understanding the Company’s expected financial and operational performance and the Company’s plans and objectives and may not be appropriate for other purposes. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws .

            News Provided by GlobeNewswire via QuoteMedia

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