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Senators believe that after reaching a deal to end the longest shutdown on record, they won’t be in the same position early next year.

The bipartisan package that advanced from the Senate late Monday night would, if passed by the House this week, reopen the government until Jan. 30. Lawmakers believe that extension would give them enough time to fund the government the old-fashioned way, making another shutdown a moot point.

But that all depends on whether they can complete work on spending bills, find agreement with the House, and get them on President Donald Trump’s desk before the new deadline.

There’s also the possibility that if the guarantee for a vote on expiring Obamacare subsidies does not go how Senate Democrats want, that could significantly hamper Congress’ ability to avert yet another shutdown.

‘We’ll take them one day at a time,’ Senate Majority Leader John Thune, R-S.D., said. ‘Obviously, it’s another deadline we have to deal with. But the immediate objective is to get the government open and enable those conversations to commence.’

‘There are Democrats and Republicans who are both interested in trying to do something in the healthcare space,’ he continued. ‘And clearly, there is a need. I mean, there is an affordability issue on healthcare that has to be addressed, and the current trajectory we’re on isn’t a sustainable path.’

Sen. Richard Blumenthal, D-Conn., told Fox News Digital that Democrats needed to be united in their demand that ‘Republicans be held to their promise of having a vote on the healthcare subsidies in December.’

Thune reiterated his guarantee on Sunday and teed up the second week of December as the deadline for getting a Democratic proposal to the floor.

‘The future is unpredictable, but we need to continue our fight unequivocally, unyieldingly, for affordable healthcare insurance through extending the subsidies and other measures under the [Affordable Care Act],’ Blumenthal said. ‘Republicans have a reflexive obsession with repealing or destroying the ACA.’

The hope is that funding the government with appropriations bills will be the key to preventing another shutdown.

Senate Appropriations Chair Susan Collins, R-Maine, said that she anticipated Thune to tee up a new package of spending bills, this one combining the defense, labor, transportation and housing bills into one chunk.

‘The more appropriations bills that we’re able to pass, the better off we’re going to be, the better off the American people will be served,’ she said.

Sen. Mike Rounds, R-S.D., a member of the Senate Appropriations Committee, was unsure if lawmakers would be in the same spot again come January.

But he believed that the desire to move forward with spending bills, spurred largely by the bipartisan deal struck to reopen the government, was a good start.

‘It makes it a whole lot easier not to have a shutdown again,’ he said.

Despite the rancor and frustration from the Democratic side of the aisle over the collapse of their healthcare demand, they also want to pass bipartisan funding bills, largely in a bid to push back against cuts made by the Trump administration.

However, Sen. Chris Murphy, D-Conn., predicted that it would be quite difficult to pass a long-term bipartisan budget.

‘We cannot sign on to a long-term budget that does nothing on healthcare and has nothing to stop the destruction of our democracy,’ he said. ‘You know, there are no real protections in the short-term spending bill against Trump’s illegality.’

For now, some see the January deadline as ‘light years away,’ like Sen. John Kennedy, R-La., while others aren’t ready to make a prediction about what comes next.

‘Just one step at a time,’ Sen. Chris Van Hollen, D-Md., told Fox News Digital.

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The House will vote on reopening the federal government Wednesday after lawmakers’ funding bill survived a key hurdle earlier in the morning.

The bipartisan deal to end the 42-day government shutdown advanced through the House Rules Committee overnight Wednesday, with all Republicans supporting the measure and all Democrats against.

It now moves to the full House for consideration, where multiple people familiar with GOP leaders’ conversations told Fox News Digital they believe it will pass with nearly all Republicans on board.

Passage through the House Rules Committee is a meaningful step toward ending the shutdown, now the longest in U.S. history by roughly a week.

The panel’s hearing to advance the bill lasted more than six hours, kicking off Wednesday evening and ending shortly after 1 a.m. on Thursday.

Democrats attempted to force votes on amendments dealing with COVID-19-era enhanced Obamacare subsidies that are set to expire at the end of this year and other issues opposed by the GOP, though all failed.

House Minority Leader Hakeem Jeffries, D-N.Y., made a notable surprise appearance at one point, testifying in favor of his own amendment to extend those subsidies for another three years.

The lengthy hearing saw members on opposite sides of the aisle clash several times as well, with Democrats repeatedly accusing Republicans of robbing Americans of their healthcare and taking a ‘vacation’ for several weeks while remaining in their districts during the shutdown.

‘I am sick and tired of hearing you all say we had an eight-week vacation,’ House Rules Committee Chairwoman Virginia Foxx, R-N.C., said at one point. ‘I worked every day. I don’t know about you. I don’t want to hear another soul say that.’

Democrats and some Republicans also piled on a provision in the funding bill that would allow GOP senators to sue the federal government for $500,000 for secretly obtaining their phone records during ex-Special Counsel Jack Smith’s investigation.

‘I think there’s gonna be a lot of people, if they look and understand this, they’re going to see it as self-serving, self-dealing kind of stuff. And I don’t think that’s right,’ Rep. Chip Roy, R-Texas, said.

‘I’m trying to figure out what we can do to force the Senate’s hand to say, ‘You’re going to repeal this provision and fix it,’ without amending it here.’

The bill will now get a House-wide ‘rule vote,’ a procedural test that, if it passes, allows lawmakers to debate the legislation itself.

Lawmakers are expected to then hold a final vote sometime on Wednesday evening on sending the bill to President Donald Trump’s desk for his signature.

Trump signaled he was supportive of the legislation in comments to reporters on Monday.

‘We’ll be opening up our country very quickly,’ Trump said when asked if he backed the deal.

The Senate broke through weeks of gridlock on Monday night to pass the legislation in a 60-40 vote, with eight Democrats joining the GOP to reopen the government.

Meanwhile, travel disruptions have been causing chaos at U.S. airports, with air traffic controllers and Transportation Security Administration (TSA) officers being forced to work without pay since last month. Many of those employees had been forced to take on second jobs to make ends meet, fueling staffing shortages and flight delays that threatened to overshadow the Thanksgiving holiday.

Millions of Americans who rely on federal food benefits were also left in limbo amid a partisan fight over whether and how to fund those programs during the shutdown.

The bill would extend fiscal year (FY) 2025 federal funding levels through Jan. 30 to give negotiators more time to strike a longer-term deal for FY 2026.

It would also give lawmakers some headway with that mission, advancing legislation to fund the Department of Agriculture and the Food and Drug Administration; the Department of Veterans Affairs and military construction; and the legislative branch.

They are three of 12 individual bills that are meant to make up Congress’ annual appropriations, paired into a vehicle called a ‘minibus.’

In a victory for Democrats, the deal would also reverse federal layoffs conducted by the Trump administration in October, with those workers getting paid for the time they were off.

A side-deal struck in the Senate also guaranteed Senate Democrats a vote on legislation extending Obamacare subsidies that were enhanced during the COVID-19 pandemic, which are set to expire at the end of this year.

Speaker Mike Johnson, R-La., however, has made no such promise in the House.

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Here’s a quick recap of the crypto landscape for Friday (October 10) as of 9:00 a.m. UTC.

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

Bitcoin and Ether price update

Bitcoin (BTC) was priced at US$121,578, down by 1.6 percent in 24 hours. The cryptocurrency’s lowest valuation of the day was US$119,967, and its highest was US$123,548.

Bitcoin price performance, October 10, 2025.

Chart via TradingView

Bitcoin may be trading near record highs, but one of its most respected on-chain indicators suggests the rally could still have significant room to run possibly as far as US$180,000.

The Mayer Multiple, a long-term metric that compares Bitcoin’s current price to its 200-week moving average, remains well below levels that have historically marked market tops.

“Bitcoin is at all-time highs and the Mayer Multiple is ice cold,” crypto analyst Frank Fetter wrote on X (formerly Twitter). According to Fetter, Bitcoin would need to climb to around US$180,000 before the indicator flashes “overbought” conditions, implying that the current cycle could still have room to expand.

The indicator’s historical context adds weight to that view. During Bitcoin’s 2017 and 2021 peaks, the Mayer Multiple surged well above 2.4, signaling excessive market exuberance before major corrections followed.

This time, the pattern looks different. The Multiple’s highest level in the current cycle—1.84 in March 2024, when Bitcoin neared US$72,000—never approached prior extremes, according to Glassnode data. Analysts see this moderation as a sign of a more sustainable advance.

Despite these encouraging on-chain signals, not everyone is convinced the path higher will be smooth. Short-term traders remain divided on whether Bitcoin can maintain momentum into the final quarter of the year.

Trader Tony “The Bull” Severino argued that Bitcoin may be entering a decisive 100-day window. Writing on X, Severino pointed to the Bollinger Bands indicator on Bitcoin’s weekly chart, which has tightened to levels not seen before. He noted that Bitcoin’s recent inability to hold above US$126,000, after briefly testing the upper band, could signal a short-term pullback before any sustained breakout.

Ether (ETH) also slid after last week’s rally, but has since recovered some of its losses. It was up by 0.7 percent over 24 hours to US$4,365.58. Ether’s lowest valuation on Friday was US$4,285.77, and its highest was US$4,401.99.

Altcoin price update

  • Solana (SOL) was priced at US$222.58, an increase of 1.1 percent over the last 24 hours and its highest valuation of the day. Its lowest valuation on Friday was US$217.57.
  • XRP was trading for US$2.83, trading flat over the last 24 hours. Its lowest valuation of the day was US$2.78, and its highest was US$2.84.

Derivatives trends

The crypto derivatives market saw heavy liquidations over the past 24 hours, totaling roughly US$674 million, according to Coinglass data. Long positions accounted for US$505 million of that amount, while short positions made up US$169 million, marking one of October’s sharpest liquidation waves.

Among major assets, Bitcoin long liquidations reached US$116 million, compared to US$68.22 million in shorts, indicating that overleveraged bullish traders bore the brunt of the latest downturn. Ether long positions were liquidated for US$146 million, against US$34.54 million in shorts, reflecting a similar shakeout of optimistic bets amid heightened volatility.

Despite the sell-off, futures open interest for Bitcoin rose 0.23 percent in the last four hours to US$90.19 billion, suggesting that traders are gradually re-entering positions or maintaining leverage at elevated levels.

Ether futures open interest also ticked up 0.22 percent to US$59.53 billion, showing that market participants remain engaged even after widespread liquidations.

Bitcoin’s relative strength index (RSI) at 72.15 indicates that the asset remains in overbought territory, potentially signaling near-term price swings or corrective moves. Still, the market’s resilience near the US$120,000 level points to continued speculative interest.

Today’s crypto news to know

XRP, DOGE, SOL slip as US$2.7 billion flows into Bitcoin ETFs

Major altcoins faced losses Friday as traders took profits from Bitcoin’s record-breaking rally, even as spot ETF demand remained strong.

Bitcoin briefly dipped to around US$120,000 overnight before stabilizing near US$122,000, while Ether erased its weekly gains with a 2.4 percent drop.

Solana, XRP, Dogecoin, and Cardano each slid up to 3 percent, according to CoinDesk data. Despite the retreat, US-listed Bitcoin ETFs drew US$2.72 billion in inflows this week, highlighting resilient institutional appetite.

The ETF surge underscores Bitcoin’s growing role as a “digital safe-haven,” especially as gold surged above Us$4,000 an ounce. However, a possible pullback to the US$107,000–US$115,000 range could be imminent ahead of the Federal Reserve’s October 29 policy meeting.

EU dismisses ECB’s call for new stablecoin rules

The European Commission said Friday that existing crypto regulations under MiCA are adequate to handle stablecoin risks, pushing back on calls from the European Central Bank for stricter oversight.

According to a Reuters report, the ECB had urged Brussels to introduce new safeguards against “multi-issuance” models, where stablecoins minted outside the EU could be treated as interchangeable with those issued within.

Industry groups, including members like Circle, asked the Commission to formally clarify that multi-issuance is allowed under current rules.

In a statement to Reuters, the Commission said MiCA already provides a “robust and proportionate framework” and that further guidance will be published soon.

The ECB’s main concern is that redemptions from non-EU tokens could drain reserves inside the bloc, posing systemic risks. Stablecoin issuers countered that their reserve structures already mitigate such threats.

Bitcoin ETFs extend Uptober gains as Ethereum products lose momentum

US spot Bitcoin ETFs posted another strong day Tuesday, with US$197.8 million in net inflows, reinforcing Bitcoin’s dominance as institutional investors rotated away from Ethereum products.

Data from SoSoValue showed total Bitcoin ETF assets climbing to US$164.79 billion, representing nearly 7 percent of Bitcoin’s market cap.

BlackRock’s iShares Bitcoin Trust (NASDAQ:IBIT) led inflows with US$255 million, extending its lead over rivals as total assets surpassed $97 billion. Fidelity Wise Origin Bitcoin Fund (BATS:FBTC) and Grayscale Bitcoin Trust (NYSEARCA:GBTC) saw outflows of US$13 million and US$45 million, respectively.

The renewed demand follows a surge of US$1.19 billion in inflows earlier this week, the highest since July, with BlackRock again accounting for the majority.

Bitcoin has gained over 10 percent in October, peaking at US$126,080 before easing to $121,000. Meanwhile, Ethereum ETFs snapped their eight-day inflow streak with US$8.7 million in withdrawals, reflecting a temporary pause after a strong start to the month.

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

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

This post appeared first on investingnews.com

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSMINATION IN THE UNITED STATES.

Saga Metals Corp. (‘SAGA’ or the ‘Company’) (TSXV: SAGA,OTC:SAGMF) (OTCQB: SAGMF) (FSE: 20H), a North American exploration company focused on critical minerals, is pleased to announce the closing of its previously announced non-brokered private placement pursuant to which the Company raised aggregate gross proceeds of C$2,988,024.64 (the ‘ Offering ‘).

Pursuant to the Offering, the Company issued (i) 7,100,088 flow-through common share units of the Company (the ‘ FT Units ‘) at C$0.28 per FT Unit for gross proceeds of C$1,988,024.64, and (ii) 4,000,000 hard dollar common share units of the Company (the ‘ HD Units ‘, and together with the FT Units, the ‘ Securities ‘) at C$0.25 per HD Unit for gross proceeds of C$1,000,000.

Financing Overview:

Each FT Unit consists of one flow-through common share as defined in subsection 66(15) of the Income Tax Act (Canada) (the ‘ Tax Act ‘), and one-half of one transferable common share purchase warrant (each whole warrant, a ‘ Warrant ‘). Each Warrant will entitle its holder to purchase one common share in the capital of the Company (a ‘ Warrant Share ‘) at a price of C$0.50 until October 10, 2027. The Warrant Shares underlying the FT Units will not qualify as ‘flow-through shares’ under the Tax Act.

Each HD Unit consists of one common share and one-half of one Warrant. Each whole Warrant will entitle its holder to purchase one Warrant Share at a price of C$0.50 until October 10, 2027.

Each of the Warrants will be subject to the right of the Company to accelerate the expiry date of the Warrants to a date that is 30 days following dissemination of a news release announcing such acceleration if, at any time, after October 10, 2025 (the ‘ Closing Date ‘), the closing price of the Company’s common shares equals or exceeds C$0.75 for a period of ten consecutive trading days on the TSX Venture Exchange (the ‘ Exchange ‘).

All securities issued in connection with the Offering are subject to a hold period of four months and one day following the Closing Date pursuant to applicable securities laws, expiring February 11, 2026.

The Company paid cash finder’s fees in the aggregate amount of $130,003 and issued an aggregate of 478,204 finder’s warrants in connection with the Offering. Each finder’s warrant entitles the holder thereof to purchase one common share of the Company at a price of $0.50 per share for a period of 24 months from the Closing Date.

The gross proceeds from the FT Units will be used by the Company for ‘Canadian exploration expenses’ that are ‘flow-through critical mineral mining expenditures’ (as such terms are defined in the Tax Act) on the Company’s Canadian mineral resource properties. The net proceeds of the HD Units will be used by the Company for administrative and general working capital, which may include investor relations activities.

The securities of SAGA 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 state securities laws, and may not be offered or sold, within the United States, unless exemptions from the registration requirements of the U.S. Securities Act and applicable state securities laws are available.

No securities regulatory authority has reviewed or approved of the contents of this news release. This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities of SAGA in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Marketing Services Agreement with Capitaliz.

The Company further reports that it has entered into a digital marketing services agreement effective as of October 13, 2025 (the ‘ Capitaliz Agreement ‘) with 1123963 B.C. Ltd. D.B.A. Capitaliz (‘ Capitaliz ‘). Pursuant to the Capitaliz Agreement, Capitaliz will, among other things, provide the Company with certain marketing services to expand investor awareness of the Company’s business and to communicate with the investment community (the ‘ Capitaliz Services ‘). The Capitaliz Services will be provided by Capitaliz over a three-month term. The Capitaliz Agreement may be terminated at any time by either party with 30 days’ notice.

Capitaliz is a content-driven digital marketing agency that connects public companies with social media influencers across all major social media platforms, leveraging a creator network that reaches over 100 million subscribers.

The Capitaliz Services will include, among other things: (i) multimedia content creation and syndication, including the production and distribution of editorial video content; (ii) targeted traffic generation through a combination of pay-per-click advertising, social media marketing, native advertising, search engine optimization, email campaigns, and retargeting strategies; and (iii) strategic social media amplification of campaign content across platforms such as Investorhub and YouTube; and (iv) expanded distribution through established relationships with financial media platforms. In consideration of the Capitaliz Services, and pursuant to the terms and conditions of the Capitaliz Agreement, the Company has agreed to pay Capitaliz a fee of C$200,000 (plus applicable taxes) over a three-month term, which will be paid using the Company’s available working capital.

The Capitaliz Services will be rendered primarily online through a variety of news and investment community communications channels. Jeff Leslie, the principal of Capitaliz – located at 704 – 595 Howe Street, Box 35, Vancouver, BC, V6C 2T5 – will be involved in conducting the Capitaliz Services. Capitaliz and Mr. Leslie do not have any interest, directly or indirectly, in the Company or its securities, or any right or intent to acquire such an interest. The terms and conditions of the Capitaliz Agreement remain subject to approval of the Exchange.

Online Marketing Agreement with i2i Marketing Group, LLC.

In addition, the Company reports that it entered into an online marketing agreement (the ‘ i2i Agreement ‘) with i2i Marketing Group, LLC (‘ i2i ‘). Pursuant to the i2i Agreement, i2i will, among other things, provide the Company with corporate marketing and investor awareness services, including, but not limited to, content creation management, author sourcing, project management and media distribution (the ‘ i2i Services ‘). The i2i Services will be provided by i2i pursuant to an initial US$250,000 budget, which will be paid using the Company’s available working capital, and may continue on a month-to-month basis thereafter until the i2i Agreement is terminated. The i2i Agreement may be terminated by either party upon 10 days’ advance written notice to the other party during the contract term.

The i2i Services will be rendered primarily online through a variety of news and investment community communications channels. Joe Grubb and Kailyn White, principals of i2i will be providing services on behalf of i2i, which has an office located at 1107 Key Plaza #222 Key West, FL 33040. i2i, Mr. Grubb, and Ms. White do not have any interest, directly or indirectly, in the Company or its securities, or any right or intent to acquire such an interest.

The terms and conditions of the i2i Agreement remain subject to approval of the Exchange.

About Saga Metals Corp.

Saga Metals Corp. is a North American mining company focused on the exploration and discovery of a diversified suite of critical minerals that support the global transition to green energy. The Radar Titanium Project comprises 24,175 hectares and entirely encloses the Dykes River intrusive complex, mapped at 160 km² on the surface near Cartwright, Labrador. Exploration to date, including a 2,200m drill program, has confirmed a large and mineralized layered mafic intrusion hosting vanadiferous titanomagnetite (VTM) with strong grades of titanium and vanadium.

The Double Mer Uranium Project, also in Labrador, covers 25,600 hectares featuring uranium radiometrics that highlight an 18km east-west trend, with a confirmed 14km section producing samples as high as 0.428% U 3 O 8 and uranium uranophane was identified in several areas of highest radiometric response (2024 Double Mer Technical Report).

Additionally, SAGA owns the Legacy Lithium Property in Quebec’s Eeyou Istchee James Bay region. This project, developed in partnership with Rio Tinto, has been expanded through the acquisition of the Amirault Lithium Project. Together, these properties cover 65,849 hectares and share significant geological continuity with other major players in the area, including Rio Tinto, Winsome Resources, Azimut Exploration, and Loyal Metals.

With a portfolio that spans key minerals crucial to the green energy transition, SAGA is strategically positioned to play an essential role in the clean energy future.

On Behalf of the Board of Directors

Mike Stier, Chief Executive Officer

For more information, contact:

Rob Guzman, Investor Relations
Saga Metals Corp.
Tel: +1 (844) 724-2638
Email: rob@sagametals.com
www.sagametals.com

Neither the TSX Venture Exchange nor its Regulation Service 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 Disclaimer

This news release contains forward-looking statements within the meaning of applicable securities laws that are not historical facts. Forward-looking statements are often identified by terms such as ‘will’, ‘may’, ‘should’, ‘anticipates’, ‘expects’, ‘believes’, and similar expressions or the negative of these words or other comparable terminology. All statements other than statements of historical fact, included in this release are forward-looking statements that involve risks and uncertainties. In particular, this news release contains forward-looking statements regarding discussions of future plans, estimates and forecasts and statements as to management’s expectations and intentions with respect to, among other things, the Offering, including the expected use of proceeds from the Offering, the receipt of the Capitaliz Services and the i2i Services, and the terms of the Capitaliz Agreement and the i2i Agreement. 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. Important factors that could cause actual results to differ materially from the Company’s expectations include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, environmental risks, limitations on insurance coverage, inherent risks and uncertainties involved in the mineral exploration and development industry, particularly given the early-stage nature of the Company’s assets, and the risks detailed in the Company’s continuous disclosure filings with securities regulations from time to time, available under its SEDAR+ profile at www.sedarplus.ca. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements only as expressly required by applicable law.

News Provided by GlobeNewswire via QuoteMedia

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Tensions flared at a House hearing to advance legislation aimed at ending the government shutdown on Tuesday night, with two senior lawmakers on opposite sides of the aisle trading barbs over the fallout.

House Appropriations Committee Chairman Tom Cole, R-Okla., clashed with Rep. Jim McGovern, D-Mass., the top Democrat on the House Rules Committee repeatedly at the outset of the hearing. Cole accused Democrats of derailing the federal government, while McGovern railed against the GOP’s refusal to attach provisions extending expiring enhanced Obamacare subsidies to its funding bill.

‘This is the stuff you said you would never do. ‘We would never shut down the government. We would never do this.’ That’s exactly what you’ve done,’ House Appropriations Chairman Tom Cole, R-Okla., said a short while later. ‘You’re putting thousands of people out of work.’

McGovern, who said emphatically that his constituents were ‘getting screwed,’ said, ‘You tried over 50 times to repeal the Affordable Care Act,’ Obamacare’s formal name.

He said he was getting calls from constituents who were ‘out of their minds’ trying to figure out how to pay for healthcare without the subsidies.’

‘Well the most immediate crisis in my district are the thousands of workers that you and your colleagues have put out of work, that aren’t getting a paycheck,’ Cole said.

‘They’re the ones that keep the airplanes flying. They’re the ones that do the national weather center. They’re wondering why they’re not getting paid.’

McGovern shot back, ‘You get no calls about healthcare?’

‘We could have had these debates, we could have had these arguments. Why are they being held hostage?’ Cole continued.

‘The healthcare issue you’re talking about is a subsidy you passed on your own, you said it was COVID-related…The most immediate crisis in my district, you’ve created. My people aren’t getting paid thanks to you and your colleagues.’

McGovern, who tried to interject multiple times, said, ‘So nobody in your district is complaining about healthcare?’

Cole conceded, ‘People complain everywhere about everything, but you asked me what the most important calls I get —’

McGovern cut him off with, ‘—We have a chance to do something about this.’

‘— is, ‘Why am I not getting paid? Why am I being forcibly furloughed?’’ Cole continued.

‘We have a chance to do something to help millions of people afford their health insurance. And what you’re all telling me is you’re not interested,’ McGovern said.

House Rules Committee Chairwoman Virginia Foxx, R-N.C., was ignored as she banged her gavel multiple times in an attempt to call order.

Cole, meanwhile, said the subsidies ‘have nothing to do with the work of my committee.’

‘But you’re willing to hijack my committee,’ he continued, before McGovern cut him off again, accusing Republicans of voting to ‘cut taxes for millionaires and billionaires’ in the GOP’s ‘big, beautiful bill’ earlier this year.

‘But you could not extend these for people?’ McGovern asked.

The House Rules Committee is the final hurdle for most legislation before it sees House-wide votes. Lawmakers on the key panel vote to advance a bill while setting terms for its consideration, like possible amendment votes and timing for debate.

The funding bill at hand is expected to advance through the committee on party lines. Democrats on the panel are likely to oppose the measure in line with House Democratic leaders, while Republicans have signaled no meaningful opposition.

The vast majority of House Democrats have threatened to oppose the bill over its exclusion of the enhanced Obamacare credits, despite the legislation netting support from eight members of their own party in the Senate.

Republican leaders have signaled a willingness to discuss reforms to the system, which they have criticized as flawed. However, they’ve rejected any notion of pairing a healthcare extension with a federal funding bill that is otherwise largely free of partisan policy riders.

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A senior federal judge in Massachusetts who was appointed by former President Reagan announced he has resigned in protest against President Donald Trump, who he says has been ‘using the law for partisan purposes.’

U.S. District Judge Mark L. Wolf, 78, resigned on Friday and explained that the Trump administration’s actions that he described as threatening the rule of law compelled him to speak out.

In a piece for The Atlantic, Wolf wrote that he had looked forward to serving for the rest of his life when Reagan appointed him in 1985 but decided to step down last week because of Trump’s ‘assault on the rule of law’ that he finds ‘so deeply disturbing.’

‘I no longer can bear to be restrained by what judges can say publicly or do outside the courtroom,’ the former judge wrote. ‘President Donald Trump is using the law for partisan purposes, targeting his adversaries while sparing his friends and donors from investigation, prosecution, and possible punishment. This is contrary to everything that I have stood for in my more than 50 years in the Department of Justice and on the bench. The White House’s assault on the rule of law is so deeply disturbing to me that I feel compelled to speak out. Silence, for me, is now intolerable.’

‘When I accepted the nomination to serve on the U.S. District Court in Massachusetts, I took pride in becoming part of a federal judiciary that works to make our country’s ideal of equal justice under law a reality,’ he continued. ‘A judiciary that helps protect our democracy. That has the authority and responsibility to hold elected officials to the limits of the power delegated to them by the people. That strives to ensure that the rights of minority groups, no matter how they are viewed by others, are not violated. That can serve as a check on corruption to prevent public officials from unlawfully enriching themselves. Becoming a federal judge was an ideal opportunity to extend a noble tradition that I had been educated by experience to treasure.’

Wolf added that he now wants to do ‘everything in my power to combat today’s existential threat to democracy and the rule of law.’

The former judge noted that Trump cannot replace him with a nominee of his own, as former President Obama named Judge Indira Talwani as his successor in 2013.

Wolf criticized the Department of Justice’s prosecutions of former FBI Director James Comey and Democrat New York Attorney General Letitia James. The former judge also took issue with Trump’s social media post in which he asked Attorney General Pam Bondi to prosecute Comey, James and Sen. Adam Schiff, D-Calif.

He also said that even if a prosecution ends in an acquittal, it ‘can have devastating consequences for the defendant.’

Wolf also wrote that the DOJ must ensure prosecutors do not seek an indictment unless they have ‘sufficient admissible evidence to prove guilt beyond a reasonable doubt.’

‘Trump has utterly ignored this principle,’ Wolf wrote.

Wolf blasted Trump’s ‘unconstitutional or otherwise illegal’ executive orders, criticized the president’s calls for judges to be impeached for ruling against him, said there was ‘corruption by [Trump] and those in his orbit’ and emphasized that attacks on the courts have led to actual threats against judges.

‘I resigned in order to speak out, support litigation, and work with other individuals and organizations dedicated to protecting the rule of law and American democracy,’ Wolf wrote. ‘I also intend to advocate for the judges who cannot speak publicly for themselves.’

‘I cannot be confident that I will make a difference,’ he added. ‘I am reminded, however, of what Senator Robert F. Kennedy said in 1966 about ending apartheid in South Africa: ‘Each time a man stands up for an ideal, or acts to improve the lot of others, or strikes out against injustice, he sends forth a tiny ripple of hope.’ Enough of these ripples can become a tidal wave.’

The U.S. District Court for the District of Massachusetts said Wolf’s ‘steadfast commitment to the rule of law, determination in wrestling with novel issues of fact and law, and dedication to making fair, equitable and legally sound decisions without fear or favor are the hallmarks of his time on the bench.’

‘His many opinions on complex issues of law in notable cases have had a great impact on jurisprudence,’ Chief Judge Denise J. Casper said in the statement. ‘In addition, his tenure as Chief Judge led to the increased engagement with the bar and community, including the initiation of the Court’s bench/bar conference and his continued support of the Court’s Fellowship Programs. I, along with my colleagues and this Court community, applaud his years of dedicated service.’

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President Donald Trump called on Netflix to fire board member Susan Rice immediately or ‘pay the consequences.’

Trump’s comments followed remarks Rice made Thursday on the ‘Stay Tuned with Preet’ podcast, hosted by former U.S. Attorney Preet Bharara. 

During the interview, Rice warned that corporations she said had ‘taken a knee’ to Republican pressure should not expect forgiveness from Democrats if they return to power.

‘This is not going to be an instance of forgive and forget. The damage that these people are doing is too severe to the American people and our national interest,’ Rice said.

It was not immediately clear what specific actions the Trump administration might pursue.

Netflix did not immediately respond to a Fox News Digital request for comment.

Rice made the remarks while discussing what she described as corporate retreats from diversity and governance commitments amid pressure from Republican lawmakers.

‘If these corporations think that the Democrats, when they come back into power, are going to, you know, play by the old rules, and, you know, say, ‘Oh, never mind. We’ll forgive you for all the people you fired, all the policies and principles you’ve violated, all, you know, the laws you’ve skirted.’ I think they’ve got another thing coming,’ Rice added.

Rice, a former U.S. ambassador to the United Nations, predicted an ‘accountability agenda’ awaited those entities, forecasting an electoral shift in the upcoming midterm elections. 

She also pointed to waning public approval for Trump’s economic and immigration policies in making her case.

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Statistics Canada released September’s job data on Friday (October 10). According to the release, 60,000 jobs were added to the Canadian economy during the month, and the employment rate increased to 60.6 percent, up 0.1 percent from August. However, the unemployment rate remained unchanged at 7.1 percent.

The increase in the labor market follows a significant decline of 106,000 combined jobs over the previous two months.

Leading the gains was the manufacturing sector, which added 28,000 jobs to the labor force. The increase was followed by 14,000 new workers in the health care and social assistance sector, and 13,000 new roles in the agriculture sector.

The natural resources sector posted a 2.2 percent gain, adding 7,100 new jobs over August’s numbers, but the sector shed 18,200 workers over September 2024.

Earlier in the week, StatsCan released a report on the economic contribution of critical mineral production in 2023 on Monday (October 6).

In 2023, critical mineral production contributed C$30.2 billion in nominal gross domestic product (GDP) and C$20.9 billion in real GDP terms, which accounted for 1.1 percent of the total economy and 37.4 percent of the mineral and mining sector.

The report also details a nominal GDP increase of 63 percent and a real GDP growth of 12.7 percent between 2019 and 2023. During the same period, job growth increased by 6.2 percent, with the subsector employing nearly 55,000 workers, outpacing the entire mineral and mining sector and the broader economy, which grew by 5.2 percent and 5.6 percent, respectively.

South of the border, the White House announced on Monday that President Donald Trump approved the Ambler Access Road project in Alaska. This was followed by a 50 to 46 vote by the Senate on Thursday evening to repeal a land management plan for Alaska that had delayed development of the road.

The controversial project would connect the Dalton Highway to the Ambler Mining District via a route that passed through the Gates of the Arctic National Park, considered one of the United States’ best-preserved parks.

The access road was initially approved during Trump’s first term in office, but approvals were rescinded in 2024 under the Biden administration due to the impact on the Western Arctic caribou herd, salmon and other wildlife. The Native American Tribes who live, hunt and fish in the area have largely stood in opposition to the road.

Proponents point to access to critical minerals like copper and gallium, which have become a focal point as the US seeks to increase domestic production of these minerals, which are required for the advancement of AI technologies, data centers and national defense.

Both gold and silver soared to record highs this week, with the gold price reaching US$4,058.98 per ounce on Wednesday (October 8) and the silver price climbing to an intraday all-time high of US$51.14 per ounce on Thursday (October 9). While gold has been consistently setting new records in 2025, silver broke its all-time high set in 1980.

Precious metals have seen broad gains since the start of the year, fueled by widespread uncertainty in the global economy due to factors including chaotic US trade policy and, most recently, the failure of US lawmakers to agree on a funding package to prevent the federal government from shutting down.

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 mixed this week.

The S&P/TSX Composite Index (INDEXTSI:OSPTX) halted its record-breaking run this week, losing 1.17 percent to close Friday at 29,850.89.

The S&P/TSX Venture Composite Index (INDEXTSI:JX) fared better, ending a volatile week up 1.75 percent at 980.77. The CSE Composite Index (CSE:CSECOMP) was up 2.2 percent to close out the week at 184.31.

The gold price set another new record, reaching an intraday high of US$4,058.98 per ounce on Wednesday. On the week, gold was up 3.39 percent to US$4,018.68 by Friday’s close.

The silver price saw even stronger gains, breaking its own all time high on Thursday at US$51.14 per ounce, before pulling back slightly to post a weekly gain of 4.27 percent to US$50.03 per ounce by 4:00 p.m. EDT Friday.

Copper was up as much as 3 percent on the week during trading Thursday, but the copper price collapsed on Friday, falling from US$5.10 to end the week at US$4.80 per pound.

The S&P Goldman Sachs Commodities Index (INDEXSP:SPGSCI) fell 0.71 percent to end Friday at 539.97.

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. Valhalla Metals (TSXV:VMXX)

Weekly gain: 282.35 percent
Market cap: C$44.59 million
Share price: C$0.65

Valhalla Metals is a polymetallic exploration company with a pair of projects in Alaska’s Ambler Mining District, the Sun and Smucker projects.

Its primary focus, the Sun project consists of 392 claims that cover an area of 25,382 hectares.

A May 2022 technical report states that the indicated resource for the project is 1.71 million metric tons of ore containing 55.85 million pounds of copper, 162.96 million pounds of zinc, 42.04 million pounds of lead, 3.3 million ounces of silver and 12,000 ounces of gold.

It also reported an inferred resource of 9.02 million metric tons containing 239.64 million pounds of copper, 831.33 million pounds of zinc, 290.26 million pounds of lead, 23.68 million ounces of silver and 73,000 ounces of gold.

The project is largely dependent on the construction of the 211 mile Ambler Access Road, which Trump approved in his first term. Former President Joe Biden rescinded the federal permit in 2024 due to environmental concerns, which is discussed in-depth above.

Shares in Valhalla surged this week after the Senate and the White House signaled support for the project. The company said in a news release on Tuesday (October 7) that it was excited by the reversal and will now be able to restart exploration and expand the known resources at the Sun Deposit.

2. Trilogy Metals (TSX:TMQ)

Weekly gain: 191.35 percent
Market cap: C$1.53 billion
Share price: C$8.42

Trilogy Metals is a polymetallic exploration and development company working to advance its Upper Kobuk mineral projects in Northern Alaska, which it owns in a 50/50 joint venture with South32 (ASX:S32,OTC Pink:SHTLF).

Its most advanced asset is the Arctic copper, zinc, lead, gold and silver project, which is in the feasibility stage. In an updated feasibility study from February 2023, the company reported annual payable production volumes of 148.68 million pounds of copper, 172.6 million pounds of zinc, 25.75 million pounds of lead, 32,538 ounces of gold and 2.77 million ounces of silver.

After tax, the study pegged the net present value at US$1.11 billion, with an internal rate of return of 22.8 percent and a payback period of 3.1 years.

Trilogy’s other key asset is the Bornite copper-cobalt project located 25 kilometers southwest of its Arctic project. The site hosts widespread mineralization and has seen historic exploration dating back to the 1950s.

A preliminary economic assessment for Bornite, dated January 15, established an after-tax net present value of US$393.9 million, with an internal rate of return of 20 percent and a payback period of 4.4 years. The updated mineral resource included with the report estimates an inferred resource of 6.53 billion pounds of copper with an average grade of 1.42 percent from 208.9 million metric tons of ore.

Like Valhalla’s, shares in Trilogy surged this week on the news that the US government approved construction of the Ambler Access Road.

Additionally, Trilogy reported on Monday that it had entered into a binding letter of intent, that would see the US Department of Defense invest US$17.8 million in Trilogy in exchange for 8.22 million shares, or 10 percent of the company, and will hold warrants for an additional 7.5 percent.

Both Trilogy and the DoD stated that they will work in good faith to facilitate financing for the construction of the road and will include permit applications for the FAST-41 process to expedite mining development.

3. ARES Strategic Mining (CSE:ARS)

Weekly gain: 180.65 percent
Market cap: C$184.54 million
Share price: C$0.87

Ares Strategic Mining is a development company advancing its Lost Sheep fluorspar mine in Utah, US, to production.

Initially acquired in 2020, the property consists of 353 claims across 5,982 acres south-west of Salt Lake City. The Lost Sheep fluorspar mine is currently in the construction phase and has received backing from the state of Utah and the federal government. It is the only permitted fluorspar mine in the country.

Ares reported on July 31 that it had launched a program with Iowa State University and the Ames National Laboratory to explore the potential of extracting gallium from the site in addition to fluorspar,

As part of this research, the company indicated on September 16 that it had also confirmed the presence of germanium within fluorspar samples from its Lost Sheep mine. The company said that the discovery has the potential to unlock additional critical mineral value from the project.

In its most recent construction update on September 11, Ares reported the Lumps plant has reached an advanced stage, with concrete foundations and pads being completed and steel frame structures being erected.

4. Nord Precious Metals (TSXV:NTH)

Weekly gain: 154.55 percent
Market cap: C$17.04 billion
Share price: C$0.42

Nord Precious Metals is focused on advancing its projects in Ontario, Canada, and owns the TTL silver gravity plant in the region.

The company’s primary exploration property is the Castle project located south of Timmins in the Cobalt Camp. It covers an area of 7,332.76 hectares and hosts the past producing Castle mine complex, which produced 9.4 million ounces of silver and 376,000 pounds of cobalt.

A 2021 mineral resource estimate revealed a total inferred silver equivalent resource of 7.57 million ounces, with an average grade of 7,149 grams per metric ton (g/t) silver, 2,537 g/t cobalt, 628 g/t of copper, and 467 g/t of nickel, from 32.9 million metric tons of ore.

The company also owns the past-producing Beaver Mine, located just east of Castle along the border between Ontario and Quebec. The mine operated until 1940 and produced 7.1 million ounces of silver.

The company has been working on the development of a tailings recovery program at the site, announcing on October 1 that test work produced commercial high-grade silver with concentrations up to 2,114.9 g/t.

Nord is planning to apply for a recovery permit to process tailings at its TTL gravity plant, which it plans to begin commissioning once it receives the permit.

The company said that the results validate the technical approach to the tailings program.

5. Avalon Advanced Materials

Weekly gain: 145.45 percent
Market cap: C$47.82 billion
Share price: C$0.135

Avalon Advanced Materials is an explorer and developer focused on lithium projects in Canada.

The company’s flagship project is its 40 percent owned Separation Rapids lithium project in Ontario, a joint venture with SCR-Sibelco, which owns the remaining 60 percent.

The project consists of three primary lithium targets: the Separation Rapids deposit; the Snowbank target, located near Kenora; and the Lilypad project near Fort Hope, which also hosts tantalum and cesium mineralization.

The pair increased the project’s measured and indicated resource by 28 percent in late February.

Avalon is also developing the Lake Superior lithium processing facility in Thunder Bay, Ontario.

The most recent news from Avalon came on Thursday when it reported that it had produced lithium hydroxide and analcime using an alkaline leach process developed by Finnish mineral processing company Metso.

The company said that early assessments indicate a 60 percent potential reduction in water use, along with a smaller carbon footprint compared to traditional methods. It stated that the achievement marked a milestone for the company to establish a sustainable lithium processing solution at its facility

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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Bitcoin may soon share space with gold on central bank balance sheets, according to a new report from Deutsche Bank (NYSE:DB) that frames the cryptocurrency as an emerging reserve asset.

“There is room for both gold and Bitcoin to coexist on central bank balance sheets by 2030,” Marion Laboure and Camilla Siazon, both analysts at the firm, wrote in a note published on Monday (September 22).

Deutsche Bank’s report points to recent diversification trends in global central bank reserves.

The US dollar is still the dominant reserve currency, but it accounted for only 43 percent of holdings in 2024, down from 60 percent at the start of the century. Meanwhile, China reduced its US treasury holdings by US$57 billion last year.

Against this backdrop, both gold and Bitcoin are being positioned by market participants as hedges against inflation, geopolitical risk and questions about monetary sovereignty.

Gold has been a standout performer in 2025. The precious metal surged to a record of US$3,788.33 per ounce on Tuesday (September 23), capping a year-to-date rally of more than 40 percent and its largest gain in over four decades.

Central banks have been a driving force behind the rally, with a recent World Gold Council survey showing that 43 percent of monetary authorities plan to increase their gold reserves in the next 12 months.

Nearly all respondents, tallying 95 percent, expect global central bank gold reserves overall to continue rising.

Bitcoin, meanwhile, has faced short-term pullbacks, but has shown longer-term resilience. After topping US$123,500 in August, the cryptocurrency slipped below US$113,000 at the start of the week.

Yet analysts at Deutsche Bank highlight that its 30 day volatility hit historic lows even during record-breaking price runs, a sign that Bitcoin may be decoupling from its speculative reputation.

That adoption is evident in corporate balance sheets as well.

More than 180 companies have added Bitcoin or other crypto assets to their holdings, often modeling their strategy on Strategy’s (NASDAQ:MSTR) high-profile accumulation, led by Executive Chairman Michael Saylor.

Prominent public figures have also lent support. Eric Trump told Yahoo Finance ahead of last week’s interest rate cut from the US Federal Reserve that a reduction could help crypto “skyrocket,” framing digital assets as a key hedge.

While Deutsche Bank’s analysts acknowledge the risks tied to Bitcoin’s sudden swings, they said regulation and shifting macroeconomic conditions could accelerate its path to legitimacy.

The bank draws parallels between Bitcoin’s trajectory today and gold’s rise in the 20th century, suggesting that skepticism could eventually give way to acceptance. While the writers admit that neither asset is likely to dethrone the dollar, gold and Bitcoin could serve as complementary tools for monetary authorities seeking diversification.

Overall 2025 has been “excellent” for both gold and Bitcoin even if their price movements diverge.

“So long as we are human, Bitcoin and other alternative assets will likely continue to compete for our attention,” the Deutsche Bank note concludes.

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

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