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Quimbaya Gold Confirms Discovery of Two Mineralized Vein Structures at Tahami South, Colombia

Investing 8 Mins Read

Mineralization intersected in 8 of 9 holes at Tahami South, directly adjacent to Aris Mining’s producing operations in the Segovia gold district

Quimbaya Gold Inc. (CSE: QIM,OTC:QIMGF) (OTCQB: QIMGF) (FSE: K05) (‘Quimbaya’ or the ‘Company’) is pleased to announce the discovery of two new mineralized vein systems at its 100%-owned Tahami South Project in the Segovia-Remedios gold district of Antioquia, Colombia.

The Company’s ongoing drill program at Tahami South has successfully identified vein systems that include the previously targeted Vein S and Vein V, confirming the presence of mineralization consistent with quartz vein systems mined regionally. These results confirm the continuation of the Segovia district’s geological architecture onto Quimbaya’s ground, a core thesis of the Company’s strategy.

‘This is a milestone event for Quimbaya. These first vein discoveries validate our thesis and represent a turning point as we move from land assembly into value creation through the drill bit,’ said Alexandre P. Boivin, CEO of Quimbaya Gold. ‘They are not just promising results, they are proof that we’re on to a significant mineralized system, with the grades, geometry, and geology that define Colombia’s most productive gold district.’

Discovery Highlights

  • Several Veins intersected across multiple drill platforms

  • Mineralization intersected in 8 out of 9 drill holes, demonstrating strong structural continuity and robust targeting accuracy in the inaugural Phase 1 program.

  • Drilling remains ongoing, with over 4,000 meters completed to date; the program has been extended beyond its initial scope in response to encouraging early results.

  • Two distinct vein structures system (S & V) discovered, confirming Segovia-style mineral continuity on Quimbaya’s ground.

  • Mineralization comprises quartz, barite, carbonate veining with sulphide assemblage (pyrite, chalcopyrite, galena, sphalerite).

‘These intercepts confirm that we are tapping into the same geological architecture that has made the Segovia district one of the most prolific gold producers in Latin America,’ said Ricardo Sierra, B.Sc., AusIMM, VP Exploration. ‘We see clear continuity in structure, mineralogy, grade, and believe we are only beginning to uncover the full potential at Tahami South.’

While initial assay results have been received from select drill holes, the Company is continuing to await the return of a significant portion of its Phase 1 drill campaign. In the interest of providing a more complete and technically coherent picture of the emerging discovery at Tahami South, Quimbaya intends to release assay data once a critical mass of results has been compiled. This approach ensures a balanced and contextualized interpretation of both grade distribution and structural continuity, and reflects the Company’s commitment to disciplined, data-driven disclosure as the scale of the system comes into focus.

Strategic Implications: Thesis Confirmed

The discovery of vein systems that include the previously targeted Veins S and V represents the first clear technical validation of Quimbaya’s exploration thesis: that district-scale mineralized structures extend beyond known mines into underexplored ground. The Company’s focused land acquisition strategy prioritized claims with gold & silver+ at surface and proximity to producers, and now, early drilling confirms this model is working.

With over 4,000 meters already drilled, surpassing the originally planned Phase 1 total, the Company has extended its current program to follow up on promising early results and to further evaluate vein continuity at depth and along strike. The strong correlation between drill intercepts and the geological model has reinforced Quimbaya’s exploration thesis. These results not only validate the presence of a robust mineralized system but also provide clear vectors for systematic expansion drilling in 2026.

Figure 1. Plan view of Tahami South showing drill platform locations 

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Figure 2. System S

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Figure 3. System S

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Figure 4. System V

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Figure 5. System V and S

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Capital Strengthened Through Warrant Exercises; Equity Incentives Align Leadership for 2026

Quimbaya Gold is pleased to report that during the second half of 2025, a total of 2,169,164 common shares were issued through the exercise of stock options and warrants, resulting in gross proceeds of C$874,665. This influx of non-dilutive capital reinforces the Company’s treasury ahead of a fully funded 2026 drill campaign.

In parallel, the Company granted an aggregate of 614,034 Restricted Share Units (RSUs) to members of its senior management and board of directors under its equity incentive plan. These RSUs, which will vest in accordance with the plan and CSE policies, reflect Quimbaya’s continued focus on retaining top-tier leadership and aligning long-term performance with shareholder value.

Qualified Person

Ricardo Sierra, AusIMM, is a non-independent Officer ‘VP Exploration’ and the Qualified Person for this news release. Mr. Sierra has sufficient experience with South American exploration projects relevant to the style of mineralization and type of deposit under consideration. He consents to the inclusion of the Exploration Results in the form and context in which they appear.

About Quimbaya

Quimbaya aims to discover gold resources through exploration and acquisition of mining properties in the prolific gold mining districts of Colombia. Managed by an experienced team in the mining sector, Quimbaya is focused on three projects in the regions of Segovia (Tahami Project), Puerto Berrio (Berrio Project), and Abejorral (Maitamac Project), all located in Antioquia Province, Colombia.

Contact Information

Alexandre P. Boivin, President and CEO apboivin@quimbayagold.com

Sebastian Wahl, VP Corporate Development swahl@quimbayagold.com

Quimbaya Gold Inc.
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Cautionary Statements

Certain statements contained in this press release constitute ‘forward-looking information’ as that term is defined in applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein are forward-looking information. Generally, but not always, forward-looking statements and information can be identified by the use of forward-looking terminology such as ‘intends’, ‘expects’ or ‘anticipates’, or variations of such words and phrases or statements that certain actions, events or results ‘may’, ‘could’, ‘should’, ‘would’ or ‘occur’. Forward-looking statements herein include statements and information regarding the Offering’s intended use of proceeds, any exercise of Warrants, the future plans for the Company, including any expectations of growth or market momentum, future expectations for the gold sector generally, the Colombian gold sector more particularly, or how global or local market trends may affect the Company, intended exploration on any of the Company’s properties and any results thereof, the strength of the Company’s mineral property portfolio, the potential discovery and potential size of the discovery of minerals on any property of the Company’s, including Tahami South, the aims and goals of the Company, and other forward-looking information. Forward-looking information by its nature is based on assumptions and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Quimbaya to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. These assumptions include, but are not limited to, that the Company’s exploration and other activities will proceed as expected. The future outcomes that relate to forward-looking statements may be influenced by many factors, including but not limited to: future planned development and other activities on the Company’s mineral properties; an inability to finance the Company; obtaining required permitting on the Company’s mineral properties in a timely manner; any adverse changes to the planned operations of the Company’s mineral properties; failure by the Company for any reason to undertake expected exploration programs; achieving and maintaining favourable relationships with local communities; mineral exploration results that are poorer or better than expected; prices for gold remaining as expected; currency exchange rates remaining as expected; availability of funds for the Company’s projects; prices for energy inputs, labour, materials, supplies and services (including transportation); no labour-related disruptions; no unplanned delays or interruptions in scheduled construction and production; all necessary permits, licenses and regulatory approvals are received in a timely manner; the Offering proceeds being received as anticipated; all requisite regulatory and stock exchange approvals for the Offering are obtained in a timely fashion; investor participation in the Offering; and the Company’s ability to comply with environmental, health and safety laws. Although Quimbaya’s management believes that the assumptions made and the expectations represented by such information are reasonable, there can be no assurance that the forward-looking information will prove to be accurate. Furthermore, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or information. Readers are cautioned not to place undue reliance on forward-looking information as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Forward-looking information contained in this news release is expressly qualified by this cautionary statement. The forward-looking information contained in this news release represents the expectations of Quimbaya as of the date of this news release and, accordingly, is subject to change after such date. Except as required by law, Quimbaya does not expect to update forward-looking statements and information continually as conditions change.

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/276292

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Politics

NATO ambassador says Europe ‘has a tendency to overreact’ over Greenland dispute

Politics 5 Mins Read

In an exclusive interview with Fox News Digital, U.S. ambassador to NATO Matthew Whitaker pushed back against growing European backlash over Washington’s focus on Greenland after France announced new military exercises with Denmark, saying Arctic security is a core American defense interest and that Europe ‘has a tendency to overreact.’

Asked whether the dispute reflects American pressure or European inaction, Whitaker said, ‘This is ultimately an issue between the United States, Denmark and Greenland.’

Whitaker said Greenland’s importance has been clear for years as the ice melts, it reshapes the Arctic and opens new routes. ‘The security of the high north, which I’ve talked about a lot before this ever happened, is the most important issue,’ he said. ‘As the ice thaws and as routes open up in the Arctic, Arctic security, and therefore the security of Greenland, which is the northern flank of the continental United States, is crucial.’

He stressed that Greenland’s location makes it central to U.S. defense planning. ‘If you think about Greenland as part of the access to the naval assets, that monitoring and awareness and fortification of that part of the Western Hemisphere is crucial for the long-term security of the United States,’ Whitaker said.

Whitaker said recent diplomacy shows the issue can be addressed without escalation. ‘I know that a very successful meeting happened between the Danes and Greenland and Vice President Vance and Secretary of State Rubio, so I think it’s going to be constructive,’ he said.

Still, he cautioned European allies against inflaming tensions. ‘Europe sometimes has a tendency to overreact anytime that an issue is put out on the table,’ Whitaker said. ‘This is one of those things where cooler heads need to prevail.’

US COMMANDER SAYS RUSSIA AND CHINA’S ARCTIC PATROLS ARE ‘NOT FOR PEACEFUL PURPOSES’

NATO, deterrence and the ‘Reagan spirit’

Speaking from the Ronald Reagan Presidential Library, Whitaker used Reagan’s ‘peace through strength’ doctrine as justification for pushing NATO allies to spend more and move faster.

‘The most important thing that we’re doing at NATO is, one, the United States is strong. Nobody denies that. We have demonstrated through Midnight Hammer, through what we did in Venezuela and elsewhere, that the United States is capable and can project power. We want all of our allies inside of NATO to be equally as strong, and they’re not at this point in time,’ he said.

He added, ‘Some of them have certainly become more capable, and that’s why you can’t just paint with a broad brush when it comes to all of our NATO allies. But there are some that are not.’

‘Europe and the EU are going to have to untie their hands from behind their back,’ he continued. ‘They’re going to have to deregulate, they are going to have to find more capital and economic growth, because at the end of the day, that’s what’s going to allow them to live up to the promises they’ve made to increase their defense spending and therefore their defense capabilities.’

He said, ‘One of the things that I’m talking about constantly with our friends downtown in the EU,’ Whitaker added, ‘is that they have to get their economy going, and there are proven, tried-and-true ways to do it.’

Whitaker said his top priority is ensuring NATO allies follow through on the major defense commitments agreed to last year in The Hague.

‘This is number one on my list right now,’ he said, ‘making sure that the political commitments we made in The Hague turn into real military capabilities at NATO.’

He said proximity to Russia has shaped how seriously countries take the threat.

‘You look at the Baltic countries like Latvia, Lithuania and Estonia, and you look at the Nordic countries… they’re very aware of the threats that Russia [poses],’ Whitaker said, citing Russia’s 2014 annexation of Crimea and its 2022 invasion of Ukraine.

Poland, he added, stands out. ‘Poland is clear-eyed,’ Whitaker said. ‘They’re gonna spend over 5% on core defense in the coming year or two.’

Others, he said, are still lagging. ‘I keep a dashboard, a one-page dashboard on my desk that is updated regularly,’ Whitaker said. ‘It’s too soon to tell.’ ‘It has to be on capabilities,’ he said. ‘It has to make them stronger, ready to fight tonight.’

‘President Trump announced a $1.5 trillion defense budget,’ Whitaker said. ‘We’ve demonstrated our capabilities that nobody else can match right now.’

‘I’m here at the Reagan Library, and it reminds me, Ronald Reagan really was able to put those policies in place to spur growth,’ Whitaker said. ‘President Trump certainly has followed that same tradition, to unleash the American entrepreneur, unleash American innovation, and get out of the way, get the regulations out of the way so that American companies can grow and prosper.’

As NATO moves forward, Whitaker said pressure on allies will remain. ‘We’re asking our European and Canadian allies to do more,’ he said. ‘So far, so good.’

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Investing

Crypto Market Update: CME Outage Halts Futures Trading for Over Nine Hours

Investing 5 Mins Read

Here’s a quick recap of the crypto landscape for Friday (November 28) as of 9:00 p.m. UTC.

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

Bitcoin and Ether price update

Bitcoin (BTC) was priced at US$91,192.19, down by 0.2 percent over 24 hours.

Bitcoin price performance, November 28, 2025.

Chart via TradingView.

However, the expert added that whale selling is keeping upside momentum fragile, preventing Bitcoin’s recovery from becoming a sustained trend. Hasn also noted that while derivatives market indicators show some stabilization, the rebound lacks the aggressive leverage buildup that typically supports strong rallies.

Friday’s derivatives data reinforces this view. Open interest fell 0.13 percent over four hours as traders trimmed positions. Liquidations hit US$23.74 million, mostly in longs, clearing excess bets without sparking fresh buying.

The slightly negative funding rate of -0.001 percent shows shorts paying longs with no bullish premium, while Bitcoin’s relative strength index of 58 signals neutral momentum, not the overextension needed for a strong rally.

As Hasn explained:

“Bitcoin’s resilience this week is therefore being shaped by a supportive macro environment rather than internal strength. The mixed whale distribution pattern and the lack of sustained accumulation still underline that the market remains vulnerable. The next phase will likely depend on whether improving sentiment in equities can translate into more durable inflows across the crypto market.”

Meanwhile, Ether (ETH) was at US$3,057.17, up by 0.7 percent over 24 hours. Ether derivatives showed balanced consolidation: US$8.83 million in mixed long/short liquidations cleared positions evenly, while a 0.06 percent rise in open interest signals modest new bets. However, neutral funding at 0.001 percent lacks a bullish premium.

Altcoin price update

  • XRP (XRP) was priced at US$2.19, down by 1.8 percent over 24 hours.
  • Solana (SOL) was trading at US$137.88, down by 3.3 percent over 24 hours.

Fear and Greed Index snapshot

CMC’s Crypto Fear & Greed Index continued to climb steadily after plunging into ‘extreme fear’ territory in the last two weeks. It has currently settled at 20 and is inching closer to ‘fear.’

Bitcoin’s rebound from the mid-US$80,000 zone has triggered a swift shift in market sentiment. After the price briefly cooled near US$80,000, many expected a sluggish recovery phase. Instead, optimism snapped back, with the sentiment index rising 10 points over the week and marking one of its sharpest moves in recent months.

The increase corresponds with heavier buying activity and reduced caution among traders who had previously stayed on the sidelines during the cryptocurrency’s pullback.

CMC Crypto Fear and Greed Index, Bitcoin price and Bitcoin volume.

Chart via CoinMarketCap.

Today’s crypto news to know

Major CME Group outage halts futures trading

CME Group (NASDAQ:CME) experienced a major outage on Friday due to a chiller plant malfunction at the CyrusOne CHI1 facility, halting trading in futures and options across equities, currencies, commodities, treasuries and FOREX.

The disruption started late on Thursday (November 27) and affected the Globex platform, which handles 90 percent of CME Group’s volume. The outage halted trading in Bitcoin and Ether futures for about nine to 11 hours, disrupting access to quotes and positions, but leaving spot crypto markets largely unaffected.

Visa expands stablecoin settlement push with Aquanow partnership

Visa (NYSE:V) has deepened its stablecoin strategy by teaming up with Aquanow to support faster settlement across Central and Eastern Europe, the Middle East and Africa.

The deal plugs Aquanow’s infrastructure directly into Visa’s payment rails, allowing banks and payment firms in the region to settle transactions in approved stablecoins such as USDC.

Visa says the upgrade is aimed at institutions seeking cheaper and quicker cross-border settlement options as demand for digital asset rails grows. The company also aims to modernize the “back-end plumbing” of payments by reducing reliance on traditional networks with multiple intermediaries. Aquanow, which processes billions in crypto transactions each month, will provide liquidity and technical support for the integrations.

The collaboration follows Visa’s recent stablecoin payout pilot, Visa Direct, which lets businesses fund transactions in fiat while recipients opt to receive stablecoins directly in their wallets.

UK backs “no gain, no loss” tax model for DeFi activity

The UK government has endorsed a major shift in how DeFi transactions are taxed, moving to eliminate capital gains charges when users deposit tokens into lending protocols or liquidity pools.

Under the current rules, deposits can be treated as disposals, often generating tax liabilities even when investors haven’t realized any economic gain. HM Revenue & Customs’ updated guidance supports a “no gain, no loss” approach that would tax users only when they withdraw assets and eventually sell them.

The proposal comes after two years of industry feedback from firms, many of which argued that the existing system distorts reality and burdens ordinary users with excessive record keeping. The new model would apply to both simple lending and automated market makers, ensuring that only genuine gains or losses are captured for tax purposes.

Australia introduces digital assets bill

Australia has tabled a new digital assets bill aimed at ending years of regulatory uncertainty and preventing a repeat of past offshore failures such as FTX and Celsius.

The proposed Corporations Amendment (Digital Assets Framework) Bill 2025 would require platforms holding customer crypto to meet the same licensing and conduct standards applied across the financial sector.

Officials said the legislation is designed to bring crypto businesses fully into the regulated economy, ensuring transparency, custody safeguards and clear accountability.

The bill includes exemptions for smaller operators that process under US$10 million annually and hold less than US$5,000 per customer, mirroring existing thresholds for low-risk financial products. The government argues that modernizing the rules could unlock as much as US$24 billion a year in productivity and efficiency gains.

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

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

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Heliostar Welcomes James Perry as New Chairman

Investing 7 Mins Read

Heliostar Metals Ltd. (TSXV: HSTR,OTC:HSTXF) (OTCQX: HSTXF) (FSE: RGG1) (‘Heliostar’ or the ‘Company’) is pleased to announce that Mr James Perry has succeeded the retiring Mr. Jacques Vaillancourt as Chairman at the Company’s Annual General & Special Meeting (‘AGM’) held on November 26th, 2025.

Heliostar’s new Chairman Mr. James Perry commented, ‘I am excited to join Heliostar at this important inflection point. The Company has built a strong foundation through disciplined operations and strategic acquisitions, and I look forward to working closely with the experienced Board and management team as we advance the next phase of growth. Heliostar has the ingredients to become a leading gold producer in the Americas. I will draw on my experience to help steer the Company’s disciplined growth, reinforce strong governance practices, and create lasting value for our shareholders and host communities.’

Charles Funk, President and & CEO, stated – ‘I once again thank our retiring chair for his long service to Heliostar. I strongly welcome James as our new Chairman at a time of considerable growth. Having worked with James previously at Newcrest Mining, I know his ambition for our Company, his growth mindset and the high regard in which he is held across the industry. We are delighted to attract someone of his caliber as we continue advancing toward our goal of becoming a 500,000 ounce per year producer by the end of this decade.’

Mr. Perry is currently President of Sweetwater Royalties, one of the largest landowners in the United States, majority-owned by Orion Resource Partners following its acquisition of Sweetwater’s extensive land and mineral portfolio from Occidental Petroleum in 2020 for approximately US$1.3 billion. Sweetwater’s vast mineral position extends across more than 4.5 million mineral acres in Wyoming, Utah, Colorado, and Michigan, providing an expansive royalty platform spanning industrial minerals, base metals, and renewable-energy opportunities.

Mr. Perry has over 17 years of global mining and resources experience across Asia, Africa, and the Americas, spanning business development, corporate strategy and governance, legal and permitting, ESG, and operations. He spent a decade at Newcrest Mining – one of the world’s largest gold mining companies headquartered in Australia – serving as Business Development Manager and Corporate Counsel. Newcrest was acquired for approximately US$19 billion by Newmont Mining in 2023. Mr. Perry has extensive international experience managing large and complex transactions, including leading Newcrest’s entry into Ecuador and its investment in Lundin Gold’s world-class Fruta del Norte gold district. He possesses broad expertise in project evaluation and negotiation across diverse sectors and jurisdictions. He is a lawyer and holds an M.Sc. in History and International Relations from the London School of Economics.

Incentive plan issuance

Heliostar further announces that, pursuant to the Company’s Omnibus Equity Incentive Compensation Plan, it has granted 250,000 stock options (‘Options’) at an exercise price of $2.63 and 200,000 restricted share units (each, an ‘RSU’) to directors, officers and consultants of the Company. The Options are exercisable for a period of five years and will vest over the next three years. The RSUs will vest in three equal annual instalments commencing on the first anniversary of the grant date.

About Heliostar Metals Ltd.

Heliostar is a gold mining company with production from operating mines in Mexico. This includes the La Colorada Mine in Sonora and the San Agustin Mine in Durango. The Company also has a strong portfolio of development and exploration stage projects in Mexico and the USA. These include the Ana Paula project in Guerrero, the Cerro del Gallo project in Guanajuato, the San Antonio project in Baja Sur, all in Mexico and the Unga project in Alaska, USA.

For Additional Information Please Contact:

Charles Funk
President and Chief Executive Officer
Heliostar Metals Limited
Email: charles.funk@heliostarmetals.com
Phone: +1 844-753-0045		 Rob Grey
Investor Relations Manager
Heliostar Metals Limited
Email: rob.grey@heliostarmetals.com
Phone: +1 844-753-0045

 

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

Cautionary Statement Regarding Forward-Looking Information

This news release includes certain ‘Forward-Looking Statements’ within the meaning of the United States Private Securities Litigation Reform Act of 1995 and ‘forward-looking information’ under applicable Canadian securities laws. When used in this news release, the words ‘anticipate’, ‘believe’, ‘estimate’, ‘expect’, ‘target’, ‘plan’, ‘forecast’, ‘may’, ‘would’, ‘could’, ‘schedule’ and similar words or expressions, identify forward-looking statements or information. These forward-looking statements or information relate to, among other things, the Company’s annual production goals.

Forward-looking statements and forward-looking information relating to the terms and completion of the Facility, any future mineral production, liquidity, and future exploration plans are based on management’s reasonable assumptions, estimates, expectations, analyses and opinions, which are based on management’s experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect. Assumptions have been made regarding, among other things, the receipt of necessary approvals, price of metals; no escalation in the severity of public health crises or ongoing military conflicts; costs of exploration and development; the estimated costs of development of exploration projects; and the Company’s ability to operate in a safe and effective manner and its ability to obtain financing on reasonable terms.

These statements reflect the Company’s respective current views with respect to future events and are necessarily based upon a number of other assumptions and estimates that, while considered reasonable by management, are inherently subject to significant business, economic, competitive, political, and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements or forward-looking information and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: precious metals price volatility; risks associated with the conduct of the Company’s mining activities in foreign jurisdictions; regulatory, consent or permitting delays; risks relating to reliance on the Company’s management team and outside contractors; risks regarding exploration and mining activities; the Company’s inability to obtain insurance to cover all risks, on a commercially reasonable basis or at all; currency fluctuations; risks regarding the failure to generate sufficient cash flow from operations; risks relating to project financing and equity issuances; risks and unknowns inherent in all mining projects, including the inaccuracy of reserves and resources, metallurgical recoveries and capital and operating costs of such projects; contests over title to properties, particularly title to undeveloped properties; laws and regulations governing the environment, health and safety; the ability of the communities in which the Company operates to manage and cope with the implications of public health crises; the economic and financial implications of public health crises, ongoing military conflicts and general economic factors to the Company; operating or technical difficulties in connection with mining or development activities; employee relations, labour unrest or unavailability; the Company’s interactions with surrounding communities; the Company’s ability to successfully integrate acquired assets; the speculative nature of exploration and development, including the risks of diminishing quantities or grades of reserves; stock market volatility; conflicts of interest among certain directors and officers; lack of liquidity for shareholders of the Company; litigation risk; and the factors identified under the caption ‘Risk Factors’ in the Company’s public disclosure documents. Readers are cautioned against attributing undue certainty to forward-looking statements or forward-looking information. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or forward-looking information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements or information, other than as required by applicable law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/276385

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Copper Quest Closes Second and Final Tranche of Financing

Investing 7 Mins Read

// Not for distribution to the United States newswire services or for dissemination in the United States //

Copper Quest Exploration Inc. (CSE: CQX; FRA: 3MX) (‘ Copper Quest ‘ or the ‘ Company ‘) is pleased to announce that it has closed the second and final tranche (the ‘ Second Tranche ‘) of its previously announced non-brokered private placement (the ‘ Private Placement ‘) with the issuance of 4,070,534 units (the ‘ Units ‘, and each, a ‘ Unit ‘) of the Company at a price of $0.075 per Unit for gross proceeds of $305,290.05.

Each Unit consists of one (1) common share of the Company (‘ Share ‘) and one (1) Share purchase warrant, whereby each Share purchase warrant (‘ Warrant ‘) is convertible into an additional Share (‘ Warrant Share ‘) at an exercise price of $0.15 per Warrant Share. Each Warrant will expire on September 19, 2027 (the ‘ Expiry Date ‘), being the date that is two (2) years following the date of issuance. The Expiry Date is subject to acceleration in the event the closing price of the Company’s common shares on the Canadian Securities Exchange is equal to or greater than C$0.29 for a period of 10 consecutive trading days at any time after that date which is four (4) months following the date of issuance, in which case the Expiry Date of the Warrants shall automatically accelerate and the Warrants will expire on that date which is 30 days from the date of notice of such acceleration event.

In connection with the Private Placement, the Company paid aggregate finder’s fees in the amount of $5,040 to eligible finders and issued a total of 67,200 finder warrants (the ‘ Finder Warrants ‘). The terms of the Finder Warrants are the same as the Warrants.

An insider of the Company acquired an aggregate of 680,000 units. The participation by the insider in the Private Placement constitutes a ‘related party transaction’ as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (‘ MI 61-101 ‘). The Company relied on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, as neither the fair market value of the securities purchased by insiders, nor the consideration for the securities paid by such insiders, exceeded 25% of CQX’s market capitalization. The Company did not file a material change report in respect of the related party transaction at least 21 days before the closing of the Private Placement, which the Company deems reasonable in the circumstances in order to complete the Offering in an expeditious manner. The Private Placement was unanimously approved by the Board.

Proceeds from the Private Placement are intended for exploration activities and general working capital purposes. All securities issued in connection with the Private Placement are subject to a statutory hold period expiring January 20, 2026, being the date that is four months and one day from the date of issuance.

The securities described herein have not been registered under the United States Securities Act of 1933, as amended (the ‘ U.S. Securities Act ‘), or any state securities laws, and may not be offered or sold absent registration or compliance with an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

About Copper

Copper is an essential industrial metal at the heart of the global energy transition and modern infrastructure. It plays a critical role in electrification, renewable energy systems, electric vehicles, data centers, and smart technologies. With global demand rising and new supply challenged by declining grades, complex permitting, and underinvestment, the copper market faces persistent deficits and growing geopolitical scrutiny. Recent U.S. policy announcements, including import tariffs and initiatives to secure domestic and allied supply chains, underscore copper’s strategic importance and the need for resilient, localized resource exploration, development, production and processing capacity.

About Copper Quest Inc.

Copper Quest (CSE: CQX; OTCQB: IMIMF; FRA: 3MX) is focused on building shareholder value through the exploration and development of its North American Critical Mineral portfolio of assets. The Company’s land package currently comprises four 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 ha Stellar Property. CQX also has an earn-in option up to 80% and joint-venture agreement on the 4,700 ha porphyry copper-molybdenum Rip Project, also in the Bulkley Porphyry Belt.

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 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:

Kelly Abbott
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, statements relating the 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 in this news release relate to, among other things, the expected use of proceeds from the Private Placement. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. 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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Trump ‘not interested’ in de-escalation with ‘unhinged’ leader of Colombia, White House says

Politics 3 Mins Read

President Donald Trump is ‘not interested’ in making peace with Colombian President Gustavo Petro, the White House said Thursday, as tensions between Washington and Bogotá continue to escalate.

‘I don’t think we’re seeing de-escalation from the unhinged leader of Colombia right now,’ press secretary Karoline Leavitt told reporters during a White House briefing when asked what Petro could do to reduce tensions.

‘I don’t think the president, frankly, is interested in that at this point,’ Leavitt added.

Relations between the two countries have sharply deteriorated after Petro accused the U.S. of killing innocent fishermen during strikes targeting narco-traffickers in the Caribbean.

Following Petro’s accusation, Trump announced plans to cut off all counter-narcotics aid to Colombia and impose new tariffs on the country.

Trump lashed out at his South American counterpart, calling him a ‘thug’ who is ‘making a lot of drugs.’

‘They’re doing very poorly, Colombia. They make cocaine. They have cocaine factories … and he better watch it or we’ll take very serious action against him and his country,’ Trump said. ‘What he has led his country into is a death trap.’

Petro fired back, threatening to sue Trump in U.S. court.

‘From the slanders that have been cast against me in the territory of the United States by high-ranking officials, I will defend myself judicially with American lawyers in the American justice system,’ Petro wrote on X. ‘I will always stand against genocides and murders by those in power in the Caribbean.’

‘When our help is required to fight against drug trafficking, American society will have it. We will fight against the drug traffickers with the states that want our help,’ he added.

Petro has sought closer ties with Venezuelan dictator Nicolás Maduro while distancing Colombia — a major non-NATO ally — from the United States.

Meanwhile, the U.S. has conducted eight strikes on vessels believed to be transporting narcotics from Latin America. The world is now watching to see whether Trump will follow through on threats to strike Venezuelan soil — or even target Maduro himself, directly or indirectly.

Trump confirmed that he had authorized the CIA to conduct covert operations inside Venezuela and also warned Colombia could face similar consequences.

‘Petro, a low rated and very unpopular leader, with a fresh mouth toward America, better close up these killing fields immediately,’ Trump wrote on Truth Social, ‘or the United States will close them up for him, and it won’t be done nicely.’

In a statement to Fox News Digital, the Colombian Embassy in Washington sought to ease tensions, saying the U.S. representative in Bogotá recently met with Petro and that ‘both sides agreed to continue dialogue in a spirit of cooperation and mutual respect. The meeting reaffirmed the shared commitment towards efforts against illicit drug trafficking, grounded in accuracy, coordination, and security.’

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Federal judge strikes down Biden-era transgender regulations

Politics 3 Mins Read

A federal judge struck down a Biden-era rule that expanded federal anti-discrimination measures to transgender healthcare, writing that the Department of Health and Human Services (HHS) ‘exceeded its authority by implementing regulations redefining sex discrimination and prohibiting gender identity discrimination.’

The ruling from Judge Louis Guirola Jr. of the U.S. District Court for the Southern District of Mississippi came after a coalition of 15 Republican-led states sued over the matter, according to The Hill.

‘When Biden-era bureaucrats tried to illegally rewrite our laws to force radical gender ideology into every corner of American healthcare, Tennessee stood strong and stopped them,’ Tennessee Attorney General Jonathan Skrmetti said in a statement following the ruling. ‘Our fifteen-state coalition worked together to protect the right of healthcare providers across America to make decisions based on evidence, reason, and conscience.’

‘This decision restores not just common sense but also constitutional limits on federal overreach, and I am proud of the team of excellent attorneys who fought this through to the finish,’ he added.

Skrmetti’s office said the U.S. District Court for the Southern District of Mississippi held that HHS ‘exceeded its authority when it issued a rule in May 2024 redefining Title IX’s prohibition against discrimination ‘on the basis of sex’ — which Congress incorporated into the ACA through Section 1557 — to include gender identity.’

‘HHS’s 2024 rule represented a disturbing federal intrusion into the States’ traditional authority to regulate healthcare and make decisions about their own Medicaid programs. Specifically, the rule would have prohibited healthcare facilities from maintaining sex-segregated spaces, required certain healthcare providers to administer unproven and risky procedures for gender dysphoria, and forced states to subsidize those experimental treatments through their Medicaid programs,’ it continued. ‘In vacating the rule, Judge Louis Guirola determined that when Congress passed Title IX in 1972, ‘sex’ meant biological sex and that federal agencies cannot unilaterally rewrite laws decades later to advance political agendas.’

The states involved in the lawsuit were Tennessee, Mississippi, Alabama, Georgia, Indiana, Kansas, Kentucky, Louisiana, Nebraska, Ohio, Oklahoma, South Carolina, South Dakota, Virginia, and West Virginia.

The rule was first created under the administration of former President Barack Obama in 2016, before President Donald Trump reversed it in his first term and then former President Joe Biden reversed it again, The Hill reported. 

Guirola’s ruling said HHS ‘exceeded its authority by implementing regulations redefining sex discrimination and prohibiting gender identity discrimination.’ 

The judge vacated the rule universally, but the rule had already been prevented from going into effect. It has been stayed since July 2024, according to Bloomberg Law. 

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Editor’s Picks: Gold Price Breaks US$3,700 for First Time, Major Miners Hone Portfolios

Investing 6 Mins Read

Gold hit yet another new price record this week, rising past US$3,700 per ounce.

The yellow metal broke that level on Wednesday (September 16), the first day of the US Federal Reserve’s meeting, and then did it again the next day just after the gathering wrapped up.

The Fed was widely anticipated to cut interest rates, and that’s exactly what happened — it announced a 25 basis point reduction to the 4 to 4.25 percent range, with Chair Jerome Powell describing it to reporters as a ‘risk-management cut.’

Although inflation is still outside the Fed’s 2 percent target, Powell said the central bank has shifted its focus toward the jobs market due to a change in the balance of risks — in his view, it’s no longer possible to call the labor market ‘very solid.’

‘Labor demand has softened, and the recent pace of job creation appears to be running below the break-even rate needed to hold the unemployment rate constant.’ — Jerome Powell, US Federal Reserve

All Fed governors were in favor of the 25 basis point cut, with the exception of new addition Stephen Miran, who wanted to see a 50 basis point decline. Miran, who is on leave from his position at the White House Council of Economic Advisers, was confirmed by the Senate this week. He was selected by US President Donald Trump to replace Adriana Kugler.

Miran’s new role at the Fed has raised questions about the central bank’s independence, as Trump has now nominated three out of seven governors. Lisa Cook, who Trump attempted to fire in August, ultimately did not lose her position after a federal appeals court ruling.

Looking forward, the Fed’s latest dot plot shows policymakers expect two additional 25 basis point cuts this year, which would take rates to the 3.5 to 3.75 percent level.

In 2026, they are currently anticipating only one quarter-point reduction.

Going back to gold, it took a breather after passing US$3,700, sinking back down to the US$3,640 level after the Fed’s meeting. It was back at up at US$3,685 as of Friday (September 19) afternoon.

While that’s a fairly big move in a short amount of time, many experts agree that right now it’s the big picture that’s important for gold, not day-to-day factors.

Here’s how Will Rhind of GraniteShares explained it:

‘I think the main thing that’s driving gold, like I said, is this alternative to the dollar. People want an alternative to fiat money and particularly the dollar, and also to traditional stocks and bonds. And so gold’s appeal as being a genuine alternative, an uncorrelated alternative grows by the month, seemingly.’

Bullet briefing — Gold M&A heats up, GDX switches index

Newmont announces sale of Coffee

Denver Gold Group hosted its Mining Forum Americas in Colorado Springs this week, bringing together the gold sector’s major players — and with them a slew of news.

Among the major transactions announced was Newmont’s (TSX:NGT,NYSE:NEM,ASX:NEM) sale of its Yukon-based Coffee project to explorer Fuerte Metals (TSXV:FMT,OTCQB:FUEMF), formerly Atacama Copper, for total consideration of up to US$150 million.

The Coffee transaction is the latest in a series of divestments from Newmont, which is looking to cut costs and hone in on tier-one assets after buying Newcrest Mining in 2023. Once the deal goes through, Newmont will have sold all six operations and two projects it set out to trim.

‘The sale of the Coffee Project reflects our ongoing efforts to streamline the portfolio and sharpen our focus on core operations’ — Tom Palmer, Newmont

During the last gold bull market, major miners were criticized for doing high-priced deals and letting costs spiral out of control — this time, they appear to be taking steps to avoid that.

Alamos to divest Turkish subsidiary

Also divesting an asset this week was Alamos Gold (TSX:AGI,NYSE:AGI), which said it plans to sell its Turkish subsidiary to a unit of industrial conglomerate Nurol Holding.

The US$470 million agreement will take several assets off Alamos’ hands, including its Kirazlı gold project, which has been blocked since 2019, when its mining licenses were not renewed amid protests. Alamos filed a $1 billion claim against Turkey in response, but said arbitration will be suspended and ultimately discontinued if certain contractual milestones are met.

‘This transaction marks a positive outcome, allowing us to crystallize significant value for our Turkish assets, and utilize the proceeds to support the development of our portfolio of other high-return growth projects’ — John A. McCluskey, Alamos Gold

Zijin Gold plans IPO

Zijin Gold International, which operates all of Zijin Mining Group’s (OTC Pink:ZIJMF,HKEX:2899,SHA:601899) mines outside of China, is lining up a Hong Kong initial public offering (IPO) that could raise over US$3 billion.

Trading is set to begin on September 29, and the deal will value Zijin Gold at US$24.1 billion. According to Zijin Gold’s prospectus, it ranks ninth and eleventh globally in terms of gold reserves and production, respectively. The IPO is reportedly the world’s largest since May, and of course comes as gold continues on its record-setting price run.

GDX makes index switch

The VanEck Gold Miners ETF (ARCA:GDX), better known as GDX, began tracking a new index on Friday. It now follows the MarketVector Global Gold Miners Index.

VanEck announced the change at the beginning of June, saying that it would coincide with GDX’s regular index reconstitution and rebalance cycle. In an update this week, the company shared how the shift will impact weightings for its holdings. While in many cases the difference is less than a percentage point, there are some larger changes — for example, Newmont’s weighting is falling by 6.04 percent; in addition, some companies have been removed or added.

So far VanEck hasn’t announced changes for the VanEck Junior Gold Miners ETF (ARCA:GDXJ). Adjustments to that fund could be interesting — market participants often note that it doesn’t provide true exposure to exploration-stage companies.

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

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Politics

Trump freezes out Putin for lack of ‘enough action’ toward peace — future talks uncertain

Politics 3 Mins Read

President Donald Trump called off his meeting in Budapest, Hungary, with Russian President Vladimir Putin because he didn’t see enough progress toward peace — although a future summit hasn’t been ruled out, according to the White House. 

While Trump and Putin spoke over the phone Oct. 16, plans for the meeting were scrapped after Secretary of State Marco Rubio’s call with Russian Foreign Minister Sergey Lavrov Tuesday.

Trump ‘feels as though, unfortunately, from the Russian side as of late, he has not seen enough interest in enough action in terms of moving the ball forward toward peace,’ White House press secretary Karoline Leavitt told reporters Thursday. ‘And so a meeting between these two leaders is not completely off the table. I think the president and the entire administration hopes that one day that can happen again, but we want to make sure that there’s a tangible positive outcome out of that meeting, and that it’s a good use of the president’s time.’ 

Trump also has signaled in recent days that his patience has worn thin with Russia, and his administration slapped stringent sanctions on Russia’s two largest oil companies Wednesday. 

Specifically, the sanctions freeze all U.S.-linked assets from the two companies and bar U.S. citizens from engaging in any business with them. 

In response, Putin called the sanctions an ‘unfriendly act,’ and warned that global oil prices could increase as a result. However, he also said that the sanctions would not majorly impact Moscow’s economy. 

While Trump routinely has said in recent months that he has pleasant conversations with Putin, he’s also voiced frustration at the lack of progress made as he’s sought to mediate an end to the conflict. Trump also said Tuesday that he didn’t want to have a ‘wasted meeting’ with Putin in Hungary. 

‘The president wants to see action, not just talk,’ Leavitt said. ‘And I think the president is extremely motivated by the success of his peace deal in the Middle East to get things done, and he wants this war to come to an end. He’s been saying it now for nine months, being in office, and he’s grown increasingly frustrated with the lack of progress from both sides of this war.’ 

Trump met with Ukrainian President Volodymyr Zelenskyy Friday, and NATO Secretary-General Mark Rutte Wednesday to address ongoing negotiations to end the conflict. 

On Wednesday, Trump told reporters the meeting with Putin ‘didn’t feel right,’ and explained why he wasn’t interested in arming Ukraine with Tomahawk missiles like he’d previously suggested he might. 

‘There is a tremendous learning curve with the Tomahawk. It’s a very powerful weapon, very accurate weapon,’ Trump said Wednesday. ‘And maybe that’s what makes it so complex. But it will take a year. It takes a year of intense training to learn how to use it, and we know how to use it. And we’re not going to be teaching other people. It will be just too far out into the future.’

Meanwhile, Trump has voiced skepticism recently about whether Ukraine can win against Russia.

‘They could still win it. I don’t think they will, but they could still win it,’ Trump told reporters Monday.

The Associated Press contributed to this report. 

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Investing

Crypto Market Update: Stablecoin Funding Hits Record, Ethereum Sets Next Hard Fork Date

Investing 8 Mins Read

Here’s a quick recap of the crypto landscape for Friday (September 19) as of 9:00 p.m. UTC.

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

Bitcoin and Ethereum price update

Bitcoin (BTC) was priced at US$115,191, a 1.9 percent decrease in 24 hours, and its lowest valuation of the day, after an earlier price peak to US$116,450.

Bitcoin price performance, September 19, 2025.

Chart via TradingView.

The crypto market showed strength this week, bolstered by investor confidence after the US Federal Reserve’s interest rate cut on Wednesday (September 17) and NVIDIA’s (NASDAQ:NVDA) US$5 billion investment in Intel (NASDAQ:INTC).

Meanwhile, the US Securities and Exchange Commission’s (SEC) adoption of new generic listing standards for spot crypto exchange-traded products paves the way for faster approvals of products tracking digital assets.

The REX-Osprey XRP ETF (NYSEAMERICAN:XRPR) and the REX-Osprey DOGE ETF (NYSEAMERICAN:DOJE) launched on Thursday (September 18) as the first implementations of this rule change.

The funds saw US$37.7 million and US$17 million traded on the day, respectively.

Ether (ETH) was trading at US$4,445.54, down by 3.2 percent to its lowest valuation on Friday. The cryptocurrency’s highest valuation was US$4,541.88.

Altcoin price update

  • Solana (SOL) was priced at US$236.73, a decrease of 4.8 percent over the last 24 hours. Its lowest valuation of the day was US$236.10, while its highest valuation was US$242.53.
  • XRP was trading for US$2.99, down by 3.8 percent in the past 24 hours, its lowest valuation of the day. Its highest was US$3.04.
  • SUI (Sui) was valued at US$3.65, trading at its lowest valuation of the day and down by 7.6 percent over the past 24 hours. Its highest price point on Friday was US$3.75.
  • Cardano (ADA) was priced at US$0.8959, down by 3.6 percent over 24 hours. Its lowest value of the day was US$0.8933, while its highest value was US$0.9075.

ETF data & derivatives trends

Spot Bitcoin ETFs drew record inflows this week, with around 20,685 BTC were added. The influx pushed US spot Bitcoin ETF holdings to around 1.32 million BTC worth US$150 billion.

BlackRock’s iShares Bitcoin Trust ETF (NASDAQ:IBIT) led with US$1 billion in net buys, while Fidelity’s Advantage Bitcoin ETF (TSX:FBTC) topped US$843 million and ARK 21Shares Bitcoin ETF (BATS:ARKB) added US$182 million.

Meanwhile, US Ethereum ETFs saw outflows of US$62 million over the week.

Altcoin ETFs are also taking shape. In mid-September, the SEC approved the first US ETFs for XRP and Dogecoin. DOGE jumped by 20 percent upon its ETF debut. This altcoin ETF wave, now backed by giants like Grayscale and Franklin Templeton, is reshaping flows and legitimizing more speculative assets.

On the derivatives side, leverage is at a near-record level.

Bitcoin futures open interest surpassed US$220 billion in September. CryptoQuant notes clusters of orders just above and below the spot price, so any sharp swing, even a small break, could trigger “record liquidations.”

Bitcoin liquidations have totaled approximately US$13.71 million over the past four hours, predominantly from long positions, indicating continued selling pressure in the market.

Ethereum liquidations reflected a similar trend, with about US$10.85 million liquidated in the same period, of which US$10.08 million were long positions, signaling sustained bearish momentum.

The perpetual funding rate for BTC was at 0.0064 percent, while the ETH funding rate stood at 0.001 percent, indicating a neutral or balanced market without strong bias toward bullish or bearish positioning.

Market indicators showed an RSI level of 41.03 as of 8:00 p.m. UTC, suggesting neutral conditions.

Next week’s crypto news to watch

Bitcoin has formed a rising wedge pattern over the past month, with a bearish divergence noted by on-chain analysts. Technically, Bitcoin appears to be in a mild consolidation after last week’s surge.

CryptoQuant analyst Axel Adler has observed that Bitcoin is trading just above its short-term holder realized price.

In equities, the S&P 500 (INDEXSP:.INX) and Nasdaq Composite (INDE XNASDAQ:.IXIC) hit record highs as crypto pulled back modestly on Friday, reflecting a temporary decoupling.

Key crypto catalysts to watch next week include potential announcements out of Korea’s Blockchain Week, scheduled to run in Seoul from September 22 to 28.

Additionally, LayerZero (ZRO) is scheduled for a major token unlock on September 20 of approximately 25.7 million ZRO tokens, roughly 8.5 percent of the current circulating supply, valued at around US$52.5 million

Other significant upcoming unlocks include Optimism’s 116 million OP tokens on September 21 and AltLayer’s 3.7 million ALT token release on September 25.

Today’s crypto news to know

Stablecoin startups post fundraising record

Funding for stablecoin-related companies has surged to unprecedented levels this year, with 14 firms raising a combined US$537 million so far, according to DefiLlama data. That figure marks a sharp jump from the US$84 million raised across all of 2024, underscoring a wave of investor confidence in fiat-pegged digital assets.

The year’s biggest deal came in July, when Hong Kong’s OSL Group (HKEX:0863) secured US$300 million.

Analysts have linked the momentum to favorable regulatory shifts, including the GENIUS Act, signed into law by U.S. President Donald Trump in July, which provided legal clarity for stablecoin issuers.

The sector’s rapid rise is also visible in secondary markets. For instance, after its initial public offering in June, Circle (NYSE:CRCL) is now trading at four times its debut value.

Watchdog flags Trump-linked crypto firm for token sales to sanctioned actors

A watchdog group has accused World Liberty Financial, a cryptocurrency venture tied to US President Donald Trump, of allowing its tokens to flow into the hands of users connected with sanctioned entities.

According to Accountable.us, WLFI tokens ended up with wallets linked to North Korea’s Lazarus Group, Iran’s Nobitex exchange, and Russian traders, despite long-standing US restrictions.

The report highlights one case on Jan. 20, 2025, when WLFI sold 600,000 tokens, worth roughly US$10,000, on Trump’s inauguration day to a wallet later tied to Lazarus transactions.

Even after DeFi platforms flagged the account, the wallet continued operating until late August, receiving WLFI’s branded USD1 stablecoin as part of an airdrop. Separate sales were traced back to Iran’s Nobitex in October 2024, a platform that Chainalysis has previously identified as a hub for sanctions evasion.

The allegations raise questions over WLFI’s compliance and could intensify regulatory pressure on the company.

Trump’s team has not publicly responded to the claims.

Ethereum Foundation announces next hard fork details and timeline

Ethereum’s Fusaka hard fork is scheduled for mainnet launch on December 3, 2025, according to an announcement shared by Ethereum researcher Christine D. Kim.

The upgrade will include 11 to 12 Ethereum improvement proposals focused on scalability and network efficiency, particularly doubling blob capacity to enhance layer-2 transaction throughput.

Testing will occur on public testnets throughout October and November. A US$2 million audit competition is underway to ensure Fusaka’s code security ahead of deployment.

The upgrade follows May’s Pectra hard fork and sets the stage for subsequent improvements planned for 2026.

PayPal’s US dollar stablecoin expands to nine blockchains

PayPal Holdings’ (NASDAQ:PYPL) US dollar stablecoin, PYUSD, is expanding to nine new blockchains through a partnership with interoperability protocol LayerZero.

The move broadens the token’s reach beyond its native issuance on Ethereum, Solana, Arbitrum, and Stellar, making it accessible across networks like Avalanche, Aptos, Tron, and others.

As part of the rollout, LayerZero created a wrapped version called PYUSD0, which is fully interchangeable with the original token and operates within its Hydra Stargate system.

The expansion is designed to accelerate adoption and cement PYUSD’s role as a dollar-backed instrument across the crypto ecosystem. Since launching in 2023 through issuer Paxos, PYUSD has grown steadily, with supply climbing from US$520 million at the start of the year to US$1.3 billion.

Kraken, Trust Wallet partner to expand xStocks access

Kraken has partnered with Trust Wallet to expand access to xStocks, a tokenized equities product developed by Backed.

This collaboration, announced on Friday, brings 60 tokenized US equities to over 200 million Trust Wallet users worldwide, allowing them to trade these assets across multiple blockchains using a variety of local fiat currencies.

“For xStocks to achieve true mass adoption, seamless integration with the world’s most popular self-custody wallets is vital. Bringing xStocks to Trust Wallet places open and interoperable tokenized equities directly into the hands of millions, alongside the crypto, stablecoins and DeFi assets they already use every day,” said Kraken co-CEO Arjun Sethi.

In the coming weeks, the team said it will continue collaborating with partners to introduce xStocks to additional high-performance blockchains and leading consumer applications.

Canadian regulators called to crypto action

In a speech on Thursday, the Bank of Canada’s executive director of payments, Ron Morrow, said that Canada is behind other countries in developing rules for the use of stablecoins and should consider regulations for digital assets given the growing interest in them domestically and the US’ efforts to enable widespread adoption.

“Governments are moving to regulate stablecoins and other cryptocurrencies so consumers can reap their benefits and be protected from credit and liquidity risks. In fact, many jurisdictions worldwide either have, or will soon have, a regulatory framework for cryptoassets,” Morrow said during a keynote speech at the ONE Conference in Ottawa.

He called on federal and provincial regulators to “work quickly and collaboratively to evolve our regulatory frameworks.”

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

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

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