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Top Democrats emerged from a classified Capitol Hill briefing Wednesday expressing confidence in the intelligence behind recent U.S. strikes on suspected narco-trafficking vessels near Venezuela. But they also faulted the Biden administration for what they called a failure to confront Nicolás Maduro after Venezuela’s disputed 2024 election.

The Office of Legal Counsel presented lawmakers with its written justification for a series of missile strikes in the Caribbean and eastern Pacific that U.S. officials say have killed 63 suspected traffickers. Lawmakers from both parties said the briefing reassured them the targets were legitimate, even as some voiced unease about the broader strategy.

‘The final comment I’ll make is just that nothing in the legal opinion even mentions Venezuela,’ said Sen. Mark Warner, D-Va., the top Democrat on the Senate Select Committee on Intelligence.

‘I think they do have visibility into drug trafficking,’ Warner added, saying he trusted U.S. intelligence assessments but would prefer traffickers be ‘interdicted and taken to court rather than blown up.’

Secretary of State Marco Rubio, War Secretary Pete Hegseth and senior Pentagon lawyers led the closed-door briefing for congressional leaders and the chairs and ranking members of the Intelligence, Armed Services and Foreign Affairs committees.

Lawmakers have complained for days about being left in the dark as the Pentagon launched multiple maritime strikes without first consulting Congress. Officials declined to discuss the intended scope or duration of the campaign and provided few details about who was killed or what evidence tied the targets to narcotics trafficking.

‘Lots of mistakes could get made,’ said Rep. Jim Himes, D-Conn., the top Democrat on the House Permanent Select Committee on Intelligence. ‘But, again, they are applying the eyes and ears of our intelligence community to these boats. I don’t worry too much that there will be a strike on a fishing boat or a pleasure boat, but that’s always possible.’

Himes said the administration described ‘the process by which these boats are selected’ but did not share photographs or the identities of those killed.

House Speaker Mike Johnson also backed the intelligence underpinning the operation.

‘We have exquisite intelligence about these strikes on these vessels,’ Johnson said. ‘We know the contents of the boats. We know the personnel almost to a person.’

Officials told lawmakers there were no plans to expand the maritime campaign to land operations or to target Maduro directly.

‘There are no apparent plans to expand this beyond what they say they are doing,’ Himes said.

Reports that the administration was considering potential strikes on Mexico did not appear to come up in the briefing, which lawmakers said focused almost exclusively on cocaine — some of which is trafficked through Venezuela — rather than fentanyl, Mexico’s top export.

‘It’s as described — to stop the flow of drugs, and, to be clear, to stop the flow of cocaine,’ said Himes.

Still, several Democrats said the Biden administration missed a critical moment last year to rally Latin American allies after Venezuela’s contested election, when independent monitors and several Western governments recognized opposition candidate Edmundo González as the rightful winner.

‘I frankly think the Biden administration didn’t go far enough after the Venezuelan people voted overwhelmingly to get rid of Maduro,’ Warner said. ‘We missed a huge opportunity when Venezuelans — in numbers probably in the mid-sixties percent — came out against Maduro, even under threat of violence. The fact that we didn’t rally the region at that point was, in retrospect, a huge mistake.’

After the July 2024 vote, the Biden administration imposed sanctions on high-level Maduro officials but stopped short of reimposing broad restrictions on Venezuela’s oil sector, a move officials said could have driven up global fuel prices and worsened migration pressures.

By contrast, the Trump administration has taken a harder line. It reimposed sweeping sanctions on Maduro during Trump’s first term and has since increased pressure on the South American strongman in his second. The Justice Department has offered a $50 million bounty for information leading to Maduro’s arrest, and officials have not ruled out whether the current strikes could be intended to pressure him to step aside.

Asked in a CBS interview over the weekend whether Maduro’s days were numbered, Trump said, ‘I would say yeah. I think so.’

Pressed on whether the U.S. would go to war with Venezuela, he added, ‘I doubt it. I don’t think so.’

This post appeared first on FOX NEWS

One year ago, Donald Trump won a transformative election victory, sweeping all seven swing states, the popular vote, and moving all fifty states redder than they were in 2020.

How did he do it?

By motivating men, young men in particular, and sports fans who were fed up with the insanity of men winning women’s sports championships. I wrote about the victory in my new book, ‘Balls,’ which was released on Tuesday.  

The book addresses the landslide Trump victory, but it also asks an important question when looking forward prospectively: Now that Trump, unfortunately, isn’t able to run for reelection, how do Republicans ensure that the Trump MAGA coalition extends, and even grows, beyond his own presidency?

In 2024, the two most conservative voting groups in America were male senior citizens and young men under the age of thirty.

This has never happened before in any of our lives.

It was a cultural transformation overnight.

Trump also won record support among White, Black, Asian and Hispanic men as well, but that same momentum didn’t extend to 2025. Indeed, Tuesday’s voting results paint an ominous picture of what 2026 and 2028 could look like if young men aren’t motivated to show up and vote like they did in 2024. 

Consider the numbers: in 2024, Trump received 1.968 million votes in New Jersey and 2.075 million votes in Virginia. While he lost both states by narrow margins to Kamala Harris — by roughly 5% — he received more votes than the Virginia Democrat candidate for governor, Abigail Spanberger — who won Virginia with 1.961 million votes — and the New Jersey Democrat candidate for governor, Mikie Sherrill — who won New Jersey with 1.792 million votes. 

So how did both Democratic gubernatorial candidates win election comfortably despite receiving fewer votes than Trump did in their states a year ago? Yes, partly because it was an off-year cycle and overall turnout trended down, but they won comfortably because roughly 600,000 Trump voters didn’t show up to vote in 2025 who did show up to vote in 2024.

Who are these voters?

Young men, sports fans, blue collar workers, the Trump MAGA base that will come out to support Trump when he’s on the ballot, but won’t show up when he’s not on the ballot.

So will these voters return in 2026 and in 2028 when Trump isn’t on the ballot? That depends on how well future Republican candidates speak to these voters. Some of y’all will think I’m crazy for telling you this, but as soon as the 2026 mid-term elections are over, expect a pivot so rapid it will make your head spin — Democrats in 2027 will all argue that Trump’s unique political gifts end with him, that MAGA is over without Trump as its leader. Yep, from ‘He’s Hitler!’ to ‘He’s the most talented Republican president in any of our lifetimes,’ almost overnight.

I’m telling you, it’s coming.

Because Democrats are going to bank on Trump as a political unicorn, a candidate so talented that only he could power a coalition as substantial as he won in 2024.

So what do Republicans need to do to extend and even grow Trump’s appeal with young men? I think it’s a combination of three things, wed the policy and the personal together, as Trump has been uniquely talented at doing.

1. On the policy front, the 2024 election was about the economy, the border, and crime

It was as easy as EBC.

Trump won the arguments on all three of these fronts. So far, Trump 2.0 has ended the border as an issue by ending illegal immigration and driven crime down to record lows in many states and cities. His challenge on the economy is that Biden was so bad, it’s taking time to clean up his mess. With record high stock prices and record low gas prices, Trump is delivering for all of us with stock market assets and all of us who have to fill up our tanks.

But there’s a lingering anger over how much goods cost. Even I feel it each time I buy a Chick-fil-A meal for my family and it costs over $50. For fast food, really!

Prices went up so fast under President Joe Biden that the sticker shock is still real even in 2025. Trump has stopped the rapid price increases and, in the case of some purchases like gas, has actually brought them back lower than they were during Biden, but that bitter aftertaste of inflation takes time to wear off.

So far it hasn’t.

2. Focus on men in women’s sports

Is it the most important issue in the country?

No.

But it crystallizes the absurdity of Democrat policies for young men and sports fans, who provided the fuel to Trump’s record win in 2024.

If you believe a man should be able to win a women’s sports championship, how can I trust your opinion on anything? As I wrote in ‘Balls,’ this issue, combined with EBC, won Trump the election in 2024. 

I think that will still be the message in 2026, too, because, amazingly, Democrats have doubled and tripled down on defending men in women’s sports all over the country.

This issue isn’t going away.

3. HAVE FUN and BE ENTERTAINING.

My two favorite moments of the 2024 campaign were when Trump dressed up as a McDonald’s employee and as a garbage man and rode around in a garbage truck.

Was it absurd and ridiculous?

Of course.

But the number one gift Trump has that he receives zero credit for is this: HE’S FUNNY!

Yes, politics are serious. But they should also be fun. Trump is a happy warrior and happy warriors win.

The two most successful Republican presidents of my life were Ronald Reagan and Donald Trump. Both were, in many respects, professional entertainers. They knew how to cut through the noise and were authentic in the way they did so.

Trump isn’t perfect, none of us are, but he’s the most comfortable president in his own skin that any of us have ever seen and he has tremendous political instincts.

You can spend a hundred million on an ad campaign and not get the free media attention that Trump did, scooping out fries and talking with voters at the drive-thru in Pennsylvania. That style of politicking is unbeatable. Heck, I would argue the best version of Trump is the one you get in fast food restaurants. He genuinely loves getting out and interacting with people. That’s a skill that can’t be taught, but it can be emulated.

We used to ask the question, which candidate would you rather have a beer with? While Trump doesn’t drink — as he’s jokingly said, can you imagine what he’d say if he drank? — he’s authentic and real. As artificial intelligence takes over much of the country, I believe authenticity will become the most important political key to the realm.

Young people in particular, who are steeped in social media artificiality fed to them constantly on their phones, have an innate sense of when they’re being poll-tested and marketed to, they sniff it out better than older voters.

If you want them to show up and support you, you have to win their trust.

Which is why I truly believe the election was over when it came to male voters when Trump was shot in Butler, Pennsylvania.

In that moment, having escaped death by half an inch, Trump, whose critics had labeled him a phony, rose up and screamed, ‘Fight, fight, fight!’ three times. At that instant, the election was over for male voters.

It was the bravest presidential moment of my life.

But it was also one of the most authentic.

In times of great peril, your own personal character is revealed. In those perilous milliseconds, Trump became a legend and won the election.

He proved once and for all he had ‘Balls.’

And so far no Democrat has proven that they do.

So long as that remains the case, Republicans aren’t going to lose men.

Which is why the best example of an oxymoron in America today isn’t ‘jumbo shrimp,’ it’s ‘masculine Democrat.’

Because after all, there are certainly big shrimp, but there are still no masculine democrats.

Clay Travis is the author of the new book, ‘Balls: How Trump, Young Men and Sports Fans Saved America.’ Buy it here.

This post appeared first on FOX NEWS

Any optimism either side of the aisle had that the government shutdown could end this week appeared to fade on Capitol Hill, as Senate Democrats appear ready to hold out longer for a deal on expiring Obamacare subsidies.

Senate Democrats left another long closed-door caucus lunch on Thursday, signaling a unified front as the shutdown entered its 37th day amid Republican demands to make a deal to reopen the government.

Senate Minority Leader Chuck Schumer, D-N.Y., and his caucus are still riding high after a successful Election Day Tuesday that saw Democratic candidates pummel their Republican opponents. While there are bipartisan talks among centrist Senate Democrats and Republicans on a way out, the majority of the caucus appeared ready to hold the line.

‘We had a very good, productive meeting,’ Schumer said as he exited the lunch.

Others espoused messages of unity among the ranks and bristled that they were holding out from reopening the government.

‘It’s not about holding out,’ Sen. Elizabeth Warren, D-Mass., said. ‘We fight for access to healthcare for millions of people across this country. Affordability is a giant issue for American families. They told us that at the polls on Tuesday, but they tell us that every day of their lives.’

Senate Majority Leader John Thune, R-S.D., plans to put the House-passed continuing resolution (CR) on the floor again Friday to test Democrats’ resolve. It’s expected they’ll block the bill once again.

Thune and Republicans have remained firm in their position that the Obamacare issue would be considered after the government reopens, and he has offered Senate Democrats a vote on the matter, which is also expected to fail.

But Senate Democrats demand that President Donald Trump get involved and negotiate a deal on the expiring subsidies. Democrats also brushed aside comments from House Speaker Mike Johnson, R-La., who earlier in the day said he would not promise a vote in the House on the expiring subsidies.

‘I can tell you that Mike Johnson is only going to do what one person tells him, and that one person is Donald Trump, who has declared himself basically the Speaker of the House,’ Sen. Jacky Rosen, D-Nev., said.

Still, Senate Republicans hope that Senate Democrats will accept the offer, along with the plan to pair the CR with a trio of spending bills to jump-start the government funding process.

‘I think the clear path forward here with regard to the [Obamacare] issue, open up the government, and we head down to the White House and sit down with the president and talk about it,’ Thune said. ‘But I just, right now there is hostage taking, as you all know. The consequences are getting more pronounced.’

There is also the question of whether the Senate stays in over the weekend ahead of a scheduled recess for Veterans Day next week.

Senate Democrats want to remain, but Republicans aren’t keen to stick around unless there are signs of real progress toward reopening the government.

‘I do expect to be here this weekend,’ Sen. Gary Peters, D-Mich., said.

This post appeared first on FOX NEWS

U.S.-based companies announced more than 153,000 job cuts in October, the research firm Challenger, Gray & Christmas reported Thursday.

“This is the highest total for October in over 20 years, and the highest total for a single month in the fourth quarter since 2008,’ the firm said in a news release.

From January through the end of October, employers have announced the elimination of nearly 1.1 million jobs. It’s the most Challenger has recorded since 2020, when the Covid-19 pandemic shut down the global economy.

“October’s pace of job cutting was much higher than average for the month,’ Andy Challenger, the firm’s chief revenue officer, said in a statement. The last time there was a higher October monthly total was in 2003.

“Some industries are correcting after the hiring boom of the pandemic, but this comes as AI adoption, softening consumer and corporate spending, and rising costs drive belt-tightening and hiring freezes,” he said.

On Wednesday, the private payroll processor ADP released its own October jobs data, showing that employers added just 42,000 jobs in the month.

The ADP report also flagged job losses in the leisure and hospitality sector as a potential sign of trouble ahead, given the industry’s acute sensitivity to consumer sentiment.

ADP’s chief economist called the losses in hospitality and leisure a ‘concerning trend.’

Both Challenger and ADP’s reports landed as major companies such as Amazon, IBM, UPS, Target, Microsoft, Paramount and General Motors announced plans to eliminate tens of thousands of jobs.

Despite the wave of downbeat economic news, the Trump administration continues to deliver an upbeat take on the current environment.

“Jobs are booming” and “inflation is falling,” Treasury Secretary Scott Bessent said Tuesday.

However, the most recent available data paints a different picture.

Inflation has also been on the rise. Prices as measured by the Consumer Price Index overall have risen every month since April.

A spokesperson for the Treasury Department did not immediately reply to a request for comment on the Challenger report.

Challenger’s report does not typically carry the same weight with economists and investors as federal jobs data, owing to its methodology.

To arrive at its figures, the firm compiles the number of job cuts companies have publicly announced. But employers may not ultimately carry out all the cuts they roll out.

Moreover, some of the job cuts that multinational companies announce could affect workers outside of the United States. Other headcount reductions could be achieved through attrition, rather than layoffs. The report also may not capture smaller layoffs over the long run.

But in the midst of a federal data blackout caused by the government shutdown, Challenger’s latest report is being read more closely than usual.

The federal government’s October jobs report that would traditionally be released Friday will not be published this week, due to the shutdown.

Other key data about the U.S. economy like GDP and an inflation indicator called PCE, closely watched by the Federal Reserve, has also been delayed.

Challenger equated the impact of AI on the current labor market to the rise of the internet in the early aughts. “Like in 2003, a disruptive technology is changing the landscape,” it said.

‘Technology continues to lead in private-sector job cuts as companies restructure amid AI integration, slower demand, and efficiency pressures,’ Challenger said.

But even firms that are not actively cutting jobs have warned that they do not plan to add to their headcount in the near term, with several pointing directly to AI’s impact on their personnel needs.

On Wednesday night, JPMorgan Chase CEO Jamie Dimon told CNN that headcount at his company would likely remain steady as the nation’s largest bank rolls out AI internally.

Goldman Sachs CEO David Solomon also recently told his employees that the firm would ‘constrain headcount growth through the end of the year,’ as it takes advantage of AI efficiencies, Bloomberg reported.

This post appeared first on NBC NEWS

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

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

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

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

Chris Verrico

Director, President and Chief Executive Officer

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

For further information,

Christopher Verrico, President, CEO

Tel: (604) 762-4448

Email: chris.verrico@riosilverinc.com

Website: www.riosilverinc.com

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

News Provided by GlobeNewswire via QuoteMedia

This post appeared first on investingnews.com

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

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

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

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

1. Consolidated Lithium Metals (TSXV:CLM)

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

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

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

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

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

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

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

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

2. Stria Lithium (TSXV:SRA)

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

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

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

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

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

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

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

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

3. Lithium South Development (TSXV:LIS)

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

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

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

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

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

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

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

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

4. Standard Lithium (TSXV:SLI)

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

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

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

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

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

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

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

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

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

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

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

5. United Lithium (CSE:ULTH)

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

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

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

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

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

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

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

This post appeared first on investingnews.com

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

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

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

This post appeared first on investingnews.com

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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