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House Republicans passed President Donald Trump’s ‘one big, beautiful bill’ on Thursday morning, working through overnight committee meetings, last-minute huddles in the speaker’s office and even a last-minute assist from the president. 

But while House GOP leadership preached party unity as they passed The One Big Beautiful Bill Act by just one vote, two House Republican holdouts were unwavering in their concerns about the $36 trillion national debt crisis and ultimately voted ‘no.’ 

Reps. Thomas Massie, R-Ky., and Warren Davidson, R-Ohio, took their concerns to social media on Thursday, telling their constituents exactly why they bucked the Republican Party on Trump’s key legislative agenda. 

‘While I love many things in the bill, promising someone else will cut spending in the future does not cut spending. Deficits do matter and this bill grows them now. The only Congress we can control is the one we’re in. Consequently, I cannot support this big deficit plan. NO,’ Davidson said early this morning before the vote was final. 

Massie responded soon after, telling Davidson he agreed and ‘if we were serious, we’d be cutting spending now, instead of promising to cut spending years from now.’

‘I’d love to stand here and tell the American people, ‘We can cut your taxes and increase spending and everything is going to be just fine.’ But I can’t do that because I’m here to deliver a dose of reality. This bill dramatically increases deficits in the near-term, but promises our government will be fiscally responsible five years from now. Where have we heard that before?’ Massie said on the House floor. 

The Kentucky congressman, who regularly sports a national debt clock pin, presented a bleak reality for Trump’s ‘big, beautiful bill’ on Thursday as most Republican holdouts rallied behind the final manager’s amendment. ‘This bill is a debt bomb ticking,’ Massie said. 

When White House Press Secretary Karoline Leavitt was asked about Massie and Davidson voting against the bill, she said the president believes they should be primaried. 

‘I don’t think he likes to see grandstanders in Congress. What’s the alternative? I would ask those members of Congress. Did they want to see a tax hike? Did they want to see our country go bankrupt? That’s the alternative by them trying to vote ‘no.’ The president believes the Republican Party needs to be unified,’ Leavitt said. 

Massie, who has been campaigning on Trump calling him a grandstander, even fundraised on Leavitt’s comments, writing on X, ‘The big beautiful bill has issues. I chose to vote against it because it’s going to blow up our debt. For voting on principle, I now have the President AND his press Secretary campaigning against me from the White House podium. Can you help me by donating?’

Former Rep. Bob Good, R-Va., who served as Chair of the House Freedom Caucus, has spoken out against the country’s debt crisis amid House negotiations, piled on the national debt criticism on Thursday, writing, ‘The Big Ugly Truth is that the Big Ugly Bill will push the Big Ugly Debt over $60 trillion.’

Good found himself out of the job when he lost the Republican primary to now-Rep. John McGuire of Virginia last year. 

He was one of just a handful of House Republicans who endorsed Florida Gov. Ron DeSantis in the 2024 GOP presidential primaries, and then Trump threw his political might behind McGuire.

The One Big Beautiful Bill Act is a multi-trillion-dollar piece of legislation that advances Trump’s agenda on taxes, immigration, energy, defense and the national debt. 

While the bill seeks to make a dent in the national debt crisis by cutting roughly $1.5 trillion in government spending, the United States still has over $36 trillion in debt and has spent $1.05 trillion more than it has collected in fiscal year 2025, according to the Treasury Department.

‘I think the most essential truth in American politics is that nobody actually really cares about the national debt or deficit. It’s too abstract to saturate public sentiment,’ Fox News Digital columnist David Marcus said after the bill passed. 

Fox News Digital’s Elizabeth Elkind contributed to this report. 

This post appeared first on FOX NEWS

: Republican senators John Cornyn and Chuck Grassley and Democratic Sen. Amy Klobuchar are rolling out a bipartisan measure to protect sensitive genetic data in response to privacy concerns sparked by 23andMe’s bankruptcy, Fox News Digital has learned. 

Cornyn, R-Texas; Grassley, R-Iowa; and Klobuchar, D-Minn., are introducing the Don’t Sell My DNA Act, which would safeguard customers’ sensitive genetic information when an entity that maintains data files for bankruptcy. The bill would add genetic information to the definition of ‘personally identifiable information’ in the bankruptcy code. 

Under current law, the bankruptcy code provides protections for personally identifiable information in bankruptcy court proceedings to prevent the possibility of identity theft, harm or other unlawful injury. 

Senate aides told Fox News Digital the current definition of personally identifiable information includes an individual’s name, address, email, phone number, Social Security number, credit card numbers and other information that could be used for identification purposes. 

Those aides said the definition is ‘outdated’ and does not include a reference to genetic information, leaving the information vulnerable.

‘This legislation would solve this problem by updating the definition of ‘personally identifiable information’ in the bankruptcy code to include genetic information,’ a Senate aide said. 

The bill also addresses consumer privacy concerns by having consumers affirmatively consent to the sale or lease of their genetic information after a bankruptcy case commences and requiring companies to provide prior written notice of the use, sale or lease of their genetic information during bankruptcy. 

The bill also requires the trustee or debtor in possession to delete any genetic information not subject to a sale or lease. 

‘Advances in DNA testing have allowed Americans to have unprecedented access to important insights about their genetics, but these companies must have a plan to protect this data in the event of bankruptcy,’ Cornyn told Fox News Digital. 

‘By updating the bankruptcy code, this legislation would safeguard Americans’ sensitive genetic information to ensure it cannot be weaponized against them or made public without their knowledge and consent.’

And Klobuchar said companies ‘have profited off of Americans’ data while consumers have been left in the dark, which is especially concerning in light of reports that 23andMe plans to sell customer genetic data assets to a large pharmaceutical company.’ 

‘This bill will put new protections in place to safeguard Americans’ privacy while giving consumers greater control over how their sensitive health data is shared,’ Klobuchar said. 

Grassley told Fox News Digital consumers should ‘feel confident that any personal nformation shared with a public company isn’t up for grabs when that company files for bankruptcy.’

Grassley told Fox News Digital the bill ‘would fill gaps in current law to help safeguard consumers’ genetic information and ensure Americans’ DNA isn’t treated like any other financial asset.’ 

On Monday, 23andMe announced Regeneron Pharmaceuticals would purchase 23andMe through a bankruptcy auction. 

Senate aides said Regeneron promises to ‘protect consumer information, but the data privacy concerns for future bankruptcies remain.’ 

The genetic testing company 23andMe, once a pioneer in consumer DNA testing, filed for Chapter 11 bankruptcy in March amid financial struggles, a leadership shakeup and growing concerns about the security of its customers’ genetic data.

Regeneron Pharmaceuticals announced it will acquire ‘substantially all’ of genetic testing company 23andMe’s assets.

The pharmaceutical company said it won the court-supervised auction of the genetic testing company, with Regeneron agreeing to pay $256 million for the assets. The auction for 23andMe was part of the Chapter 11 bankruptcy protection it filed in March to arrange a sale of its business.

In its bankruptcy petition, the company estimated a range of $100 million to $500 million for its assets. Estimated liabilities were the same. 

The pharmaceutical company is buying 23andMe’s personal genome service and its health and research services segments, according to 23andMe. 

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Department of Agriculture Secretary Brooke Rollins said during a Make America Healthy Again (MAHA) event Thursday that the Trump administration is making history with its approval of numerous waivers that will eliminate junk food from food stamp programs. 

Rollins was in Nebraska on Monday to sign the first alongside Republican Gov. Jim Pillen. She has also signed a waiver for Indiana and Iowa, ‘with half-a-dozen more coming down the line,’ she said.   

‘We are on track to sign multiples of snap waivers to get junk food and sugary drinks out of our food stamp system,’ Rollins said at the Thursday afternoon event, centering around the release of a 69-page report from the Trump administration’s MAHA Commission on how to effect change around childhood chronic disease. 

‘That has never happened before under Republican or Democrat administrations,’ Rollins added. ‘We have never made that happen before. So I am so proud and so grateful.’

On average, 42 million low-income Americans receive food stamp assistance each month, according to the MAHA report released at Thursday’s event. It added that 1 in 5 American children under 17 receive SNAP benefits.

With Nebraska’s waiver, it became the first state in the nation to bar recipients of federal food stamp programs from using the money to buy junk food, soda and other high-sugar items. The exemption will begin as a two-year pilot program, local media reported.

Other GOP-led states, including Texas and West Virginia, have applied for this waiver.

‘SNAP was created to increase access to nutritious food; however, many SNAP purchases are for food with little to no nutritious value,’ Texas GOP Governor Greg Abbott wrote in a letter to Rollins requesting a waiver last week. 

‘Under the Trump administration, for the first time since the program was authorized, states can take steps to eliminate the opportunity to buy junk food with SNAP benefits and assure that taxpayer dollars are used only to purchase healthy, nutritious food.’

West Virginia’s Governor Patrick Morrisey, one of the leaders requesting a waiver, has also been spearheading other MAHA efforts in his state. In March, Morrisey signed House Bill 2354 into law, which made it the first state in the nation to begin prohibiting certain synthetic dyes and additives used in food items sold in the state.

This post appeared first on FOX NEWS

A major prisoner swap between Russia and Ukraine is underway, a senior Ukrainian official said Friday.

The swap is not yet finished, the official told the Associated Press, despite President Donald Trump declaring Friday that Russia and Ukraine completed a ‘major prisoners swap.’ 

The announcements come after Russian and Ukrainian officials took part in direct talks in Turkey last Friday for the first time since the early days of the war, agreeing to release around 1,000 prisoners of war. 

‘A major prisoners swap was just completed between Russia and Ukraine. It will go into effect shortly,’ Trump wrote on Truth Social. ‘Congratulations to both sides on this negotiation. This could lead to something big???’ 

On Thursday, Ukrainian President Volodymyr Zelenskyy wrote on X that ‘I held a meeting on the preparation for an exchange’ and ‘The agreement to release 1,000 of our people from Russian captivity was perhaps the only tangible result of the meeting in Turkey.’ 

Trump had a phone call with Russian President Vladimir Putin on Monday. Following the conversation, Trump said ‘I believe it went very well.’ 

‘Russia and Ukraine will immediately start negotiations toward a Ceasefire and, more importantly, an END to the War. The conditions for that will be negotiated between the two parties, as it can only be, because they know details of a negotiation that nobody else would be aware of,’ Trump said. ‘The tone and spirit of the conversation were excellent. If it wasn’t, I would say so now, rather than later.’ 

Putin, in a statement after the call, also noted that ‘a ceasefire with Ukraine is possible’ but noted that ‘Russia and Ukraine must find compromises that suit both sides.’ 

The Kremlin then said Thursday that both sides had no direct peace talks scheduled. 

‘There is no concrete agreement about the next meetings,’ Kremlin spokesman Dmitry Peskov said, according to the Associated Press. ‘They are yet to be agreed upon.’ 

Fox News Digital’s Morgan Phillips contributed to this report. 

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An internal House GOP memo sent to Republican lawmakers and obtained by Fox News Digital highlights the party’s key accomplishments included in President Donald Trump’s ‘big, beautiful bill.’

House Republicans passed all 1,118 pages of Trump’s ‘one big, beautiful bill’ on Thursday morning, after working through hourslong committee meetings, huddles in the speaker’s office and even a last-minute push from the president. 

Finally, late Wednesday night, House leadership found consensus among key factions of the Republican caucus. The late-night ‘manager’s amendment’ appeased lingering Republican holdouts, including fiscal hawks who wanted more reform on Medicaid and former President Joe Biden’s green energy subsidies, and blue state Republicans seeking to raise the cap on the state and local tax (SALT) deduction. 

The bill is a sweeping multitrillion-dollar piece of legislation that advances Trump’s agenda on taxes, immigration, energy, defense and the national debt. It aims to slash the federal government’s spending trajectory by cutting roughly $1.5 trillion in government spending. The U.S. government is over $36 trillion in debt and has spent $1.05 trillion more than it has collected in the 2025 fiscal year, according to the Treasury Department. 

The bill raises the debt ceiling by $4 trillion. 

The internal House Republican memo shared with Fox News Digital summarizes Republicans’ key legislative accomplishments. 

According to the memo, the bill reduces the deficit by $238 billion through the Agriculture Committee, securing $294 billion through Supplemental Nutrition Assistance Program (SNAP) benefit reform. It reinvests $56 billion in SNAP benefit savings into rural America. 

Republicans say the SNAP reform restores its integrity by requiring states to pay a larger share for its benefits and incentivizing more state efficiency. It requires congressional approval for states to increase enrollment eligibility and creates SNAP work requirements for able-bodied adults who do not have young dependents. 

The Armed Services Committee increased defense spending by nearly $143 billion with improvements to service members’ quality of life, healthcare and family support. There are billions of dollars allocated to building the military’s arsenal, advancing technology and infrastructure and expanding military readiness. 

The bill allocates $34 billion for shipbuilding, $5 billion for border security enforcement, $400 million for the Department of Defense and $25 billion for Trump’s Golden Dome, which is a layered missile defense shield. 

It reduces the deficit by $349.1 billion through the Education and Workforce Committee, which made a series of reforms to streamline student loan payment options, support students and save taxpayer money. 

Specifically, the bill caps the total amount of federal student aid a student can receive annually to the median cost of the college, which is $50,000 for undergrad, $100,000 for graduate students and $150,000 for professional graduate programs. There is also a ‘lifetime limit’ of $200,000. 

The Education and Workforce Committee consolidated student loans into two plans – a fixed mortgage-style plan or a repayment assistance plan. 

It also establishes a performance-based PROMISE grant program, prevents future attempts at the loan forgiveness program championed by the Biden administration and reforms Pell Grant programs. 

The Energy and Commerce Committee, which had a lengthy overnight budget markup last week, includes a series of Medicaid reforms, which Democrats have railed against as conservatives pushed for more cuts. The bill establishes work requirements for able-bodied adults without dependents, requires state cost-sharing for adults above the poverty line, eliminates illegal immigrants from enrolling and reduces state funding for states who prioritize coverage for illegal immigrants. 

The Financial Services Committee in the ‘big, beautiful bill’ includes reforms to save taxpayer money and reduce federal bureaucracy. Meanwhile, the Homeland Security Committee increases spending by a little over $79 billion to expand border security, and the Judiciary Committee increases spending by about $7 billion to stop illegal immigration. 

The Energy and Commerce Committee also delivered on one of Trump’s key campaign promises to unleash American energy by supporting domestic energy production and eliminating Biden-era green energy projects, including eliminating electric vehicle mandates. 

The Natural Resources Committee reduces the deficit by $18 billion to deliver Trump’s energy agenda. The bill reinstates quarterly onshore oil and gas lease sales, requires geothermal lease sales and mandates at least 30 lease sales in the newly-renamed Gulf of America over the next 15 years and six in the Cook Inlet in south-central Alaska.

It returns oil and natural gas royalty rates to before Biden’s Inflation Reduction Act, resumes leases on energy production in the National Petroleum Reserve in Alaska and the Arctic National Wildlife Refuge, resumes coal leasing on federal lands, increases timber sales and long-term contracts on federal lands and walks back funds allocated by the Biden administration for climate change. 

The bill includes amendments by the Oversight Committee that will reduce the deficit by $12 billion by eliminating retirement annuity payments for new federal retirees that are eligible to retire before age 62, allows new federal employee hires the option to elect to serve ‘at will’ in exchange for higher take-home pay, requires a comprehensive audit of employee dependents currently enrolled in the Federal Employees Health Benefits Program plans.

Finally, the Ways and Means Committee makes the 2017 tax cuts permanent, which prevents a 22% tax hike, and delivers Trump’s campaign promises, including no taxes on tips, overtime pay or car loan interests. It also provides additional tax relief for seniors. The bill increases the university endowment tax and subjects the largest endowments to the corporate tax rate.

As touted in the House GOP memo, the bill also prevents taxpayer benefits from going to illegal immigrants by requiring a Social Security number for individuals claiming tax credits and deductions, ends illegal immigrant eligibility for Obamacare premium tax credits and Medicare, and applies new remittance payment fees for illegal immigrants. 

The One Big Beautiful Bill Act passed in the U.S. House of Representatives 215 to 214. All Democrats and just two Republicans, Reps. Thomas Massie, R-Ky., and Warren Davidson, R-Ohio, voted against it. House Freedom Caucus Chair Andy Harris, R-Md., voted ‘present.’

Now, the Senate is tasked with passing their own version of the bill before it lands on Trump’s desk. Republican leadership is eyeing a July 4 deadline, but sparks are likely to fly in the Senate before Trump can claim a legislative victory. 

This post appeared first on FOX NEWS

Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO)said on Monday (May 19) that it has signed binding agreements with Corporación Nacional Del Cobre de Chile (Codelco) to develop and operate a high-grade lithium project.

The asset is located in the Salar de Maricunga, a large lithium-containing resource base in Atacama, Chile. Its brine is said to have one of the highest average grades of lithium content in the world.

According to Rio Tinto, it will acquire a 49.99 percent interest in the company Salar de Maricunga, through which Codelco holds its licenses and mining concessions related to the resource base.

Codelco is a state-owned firm formed in 1976. Its full name translates to “National Copper Corporation of Chile.”

“We are honoured to be chosen as Codelco’s partner to deliver a world-class project using Direct Lithium Extraction technology in the Salar de Maricunga, leveraging our expertise as a leading producer of lithium for the global market,” said Rio Tinto Chief Executive Jakob Stausholm. “Developing this significant lithium resource will deliver further value-adding growth in our portfolio of critical minerals essential for the energy transition.”

In 2023, Rio and Codelco entered a joint venture for the exploration of Nuevo Cobre, situated within the Potrerillos mining district, also in Atacama. Codelco owns about 43 percent of Nuevo Cobre, while Rio Tinto owns about 58 percent.

For the Salar de Maricunga partnership, Rio will invest AU$350 million in initial funding for additional studies and resource analysis that will assist in creating a final investment decision.

Once a decision is made, AU$500 million will be dedicated toward construction costs. Another AU$50 million will be allocated should the venture deliver its first lithium target by the end of 2030.

The new partnership with Codelco forms part of Rio Tinto’s long-term lithium plan, which includes a production goal of over 200,000 metric tons of lithium carbonate equivalent annually by 2028.

The company recently completed its acquisition of Arcadium Lithium, making it the world’s third top lithium producer.

Subject to regulatory approvals and the satisfaction of customary conditions, the Salar de Maricunga transaction is expected to close by the end of the first quarter of 2026.

Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

Group Eleven Resources Corp. (TSXV: ZNG) (OTCQB: GRLVF) (FSE: 3GE) (‘Group Eleven’ or the ‘Company’) is pleased to announce that its common shares have been approved for uplisting from the OTCBB to the OTCQB Venture Market, effective today. The Company will continue to trade under the symbol ‘GRLVF’ on the OTC and will continue to trade under the symbol ‘ZNG’ on the TSXV market.

The OTCQB is a premier marketplace for early-stage and developing companies, offering increased visibility and credibility among U.S. investors. This uplisting reflects Group Eleven’s commitment to transparency, improved liquidity, and adherence to high financial reporting standards.

‘We are thrilled to achieve this milestone as we transition to the OTCQB market,’ said Bart Jaworski, CEO. ‘This uplisting enhances our ability to attract a broader investor base and supports our ongoing efforts to advance our Ballywire zinc-lead-silver and copper discovery in the Republic of Ireland. Our decision to be added to the OTC Markets Blue Sky Report will also help in boosting our visibility in the United States.’

Trading the Company’s shares on the OTCQB Market provides the Company with a dealer market in the United States that will provide easier access for US based investors and shareholders. The OTCQB Market through its SEC registered OTC Link ATS features over 110 US broker-dealers. The Company has also applied for Depository Trust Company (DTC) eligibility. DTC is a subsidiary of the Depository Trust & Clearing Corporation, a U.S. company that manages the electronic clearing and settlement of publicly traded companies.

About Group Eleven Resources

Group Eleven Resources Corp. (TSXV: ZNG) (OTCQB: GRLVF) (FSE: 3GE) is drilling the most significant mineral discovery in the Republic of Ireland in over a decade. The Company announced the Ballywire discovery in September 2022, demonstrating high grades of zinc, lead, silver, copper, germanium and locally, antimony. Ballywire is located 20km from Company’s 77.64%-owned Stonepark zinc-lead deposit1, which itself is located adjacent to Glencore’s Pallas Green zinc-lead deposit2. The Company’s two largest shareholders are Glencore Canada Corp. (16.1% interest) and Michael Gentile (16.0%). Additional information about the Company is available at www.groupelevenresources.com.

ON BEHALF OF THE BOARD OF DIRECTORS
Bart Jaworski, P.Geo.
Chief Executive Officer

E: b.jaworski@groupelevenresources.com | T: +353-85-833-2463
E: j.webb@groupelevenresources.com | T: 604-644-9514

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

Cautionary Note Regarding Forward-Looking Information

This press release contains forward-looking statements within the meaning of applicable securities legislation. Such statements include, without limitation, statements regarding the continuation of trading of the Company’s shares on the TSXV and OTCQB and the impact the uplisting will have on the Company’s performance. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking statements as a result of various factors, including, but not limited to, general market, economic or business conditions. All of the Company’s public disclosure filings may be accessed via www.sedarplus.ca and readers are urged to review these materials, including the technical reports filed with respect to the Company’s mineral properties.

_________________________
1 Stonepark MRE is 5.1 million tonnes of 11.3% Zn+Pb (8.7% Zn and 2.6% Pb), Inferred (Apr-17-2018)
2 Pallas Green MRE is 45.4 million tonnes of 8.4% Zn+Pb (7.2% Zn + 1.2% Pb), Inferred (Glencore, Dec-31-2024)

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/253170

News Provided by Newsfile via QuoteMedia

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‘Not for distribution to United States newswire services or for dissemination in the United States.’

Forte Minerals Corp . ( ‘ Forte ‘ or the ‘ Company ‘ ) ( CSE: CUAU ) ( OTCQB: FOMNF ) ( Frankfurt: 2OA ), intends to complete a non-brokered private placement (the ‘Offering’) to raise up to C$2,400,000 for drilling and exploration programs on the Company’s Peruvian projects and for general working capital, all as further outlined below.

The Offering involves the sale of up to 6,000,000 units (each a ‘Unit’) at a price of $0.40 per Unit.

Unit Terms:

  • Each Unit: one common share and one-half of one common share purchase warrant
  • Warrant: each whole warrant exercisable for one common share at C$0.60 until the date that is 24 months from the closing of the Offering, provided the warrants are subject to accelerated exercise such that if the closing price of the Company’s common shares exceeds C$0.90 per share for a period of 20 consecutive trading days, the Company may give notice of the acceleration of the warrants’ term to a period of 30 days following such notice.

All securities issued will be subject to a statutory four-month-plus-one-day hold period in accordance with applicable Canadian securities laws. Additional restrictions may apply pursuant to the Securities Act of 1933, as amended, to U.S. investors, if any.

Use of Proceeds:

  • Pucarini: Inaugural five-hole drill program for total of 1750m scheduled to start this July 2025.
  • Esperanza : MT Survey
  • Alto Ruri : DIA Drill Permitting and Community Agreements, surface exploration work including follow-up alteration and geological mapping, geochemical sampling, spectral analysis, IP and CSMAT.
  • General working capital

Finder’s fees may be paid to eligible persons in connection with the Offering, subject to the policies of the CSE.

The Company, at its discretion, reserves the right to increase the size of the Offering by up to $300,000.00 through the sale of 750,000 additional Units, for an aggregate Offering not exceeding $2,700,000.

We appreciate our shareholders’ continued confidence,’ stated Patrick Elliott, President and CE O. ‘This financing positions us to drill test a high sulphidation system that’s never been drilled and to unlock the value of Alto Ruri, Esperanza and Miscanthus .’

The Offering is expected to close on or before June 15, 2025, subject to customary conditions, including the receipt of all required regulatory approvals .

ABOUT Forte Minerals CORP.

Forte Minerals Corp. is an exploration company with a strong portfolio of high-quality copper (‘ Cu ‘) and gold (‘ Au ‘) assets in Perú. Our strategic partnership with GlobeTrotters Resources Perú S.A.C. (‘ GTR ‘) grants us access to a comprehensive project pipeline, enabling us to target the most promising opportunities. This collaboration focuses on historically discovered, drill-ready targets, driving significant value in Cu and Au resource development.

On behalf of  Forte Minerals CORP.
(signed) ‘ Patrick Elliott’
Chief Executive Officer

For further information, please contact:
Forte Minerals Corp.
office: (604) 983-8847
info@forteminerals.co m
www.forteminerals.com

Certain statements included in this press release constitute forward-looking information or statements (collectively, ‘forward-looking statements’), including those identified by the expressions ‘anticipate’, ‘believe’, ‘plan’, ‘estimate’, ‘expect’, ‘intend’, ‘may’, ‘should’ and similar expressions to the extent they relate to the Company or its management. The forward-looking statements are not historical facts but reflect current expectations regarding future results or events. This press release contains forward looking statements. These forward-looking statements and information reflect management’s current beliefs and are based on assumptions made by and information currently available to the company with respect to the matter described in this new release. Forward-looking statements involve risks and uncertainties, which are based on current expectations as of the date of this release and subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Additional information about these assumptions and risks and uncertainties is contained under ‘Risk Factors and Uncertainties’ in the Company’s latest management’s discussion and analysis, which is available under the Company’s SEDAR+ profile at www.sedarplus.ca, and in other filings that the Company has made and may make with applicable securities authorities in the future.

Forward-looking statements are not a guarantee of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Factors that could cause the actual results to differ materially from those in forward-looking statements include the continued availability of capital and financing, and general economic, market or business conditions. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management’s reasonable assumptions, there can be no assurance that the statements will prove to be accurate or that management’s expectations or estimates of future developments, circumstances or results will materialize. The Company assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by law. Readers should not place undue reliance on the Company’s forward-looking statements.

Neither the Canadian Securities Exchange (the ‘CSE’) nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

News Provided by GlobeNewswire via QuoteMedia

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Here’s a quick recap of the crypto landscape for Wednesday (May 21) as of 9:00 p.m. UTC.

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

Bitcoin and Ethereum price update

Bitcoin (BTC) was priced at US$108,452 as markets closed, up 1.5 percent in 24 hours. The day’s range for the cryptocurrency brought a low of US$106,490 and a new all-time high of US$109,400.

Bitcoin performance, May 21, 2025.

Chart via TradingView.

Bitcoin surpassed its previous record of US$109,228, set on January 20. Following this peak, the price quickly declined to approximately US$106,000 within an hour, but subsequently stabilized around US$107,000.

Ethereum (ETH) finished the trading day at US$2,507.94, a 0.5 percent increase over the past 24 hours. The cryptocurrency reached an intraday low of US$2,473.89 and saw a daily high of US$2,597.51.

Altcoin price update

  • Solana (SOL) closed at US$170.94, up 2 percent over 24 hours. SOL experienced a low of US$167.29 and a high of US$174.24.
  • XRP is trading at US$2.39, reflecting a 0.5 percent increase over 24 hours. The cryptocurrency reached a daily low of US$2.35 and a high of US$2.42.
  • Sui (SUI) is priced at US$3.91, showing an increaseof 0.9 percent over the past 24 hours. It achieved a daily low of US$3.86 and a high of US$4.04.
  • Cardano (ADA) is trading at US$0.7606, up 3 percent over the past 24 hours. Its lowest price of the day was US$0.7487, and it reached a high of US$0.7797.

Today’s crypto news to know

US$300,000 Bitcoin bet gains attention, but remains a long shot

A bold options trade is betting Bitcoin could hit US$300,000 by the end of June.

According to market data, call options at that stratospheric strike price were the second most traded on Deribit on Tuesday (May 20), hinting at a mix of speculative enthusiasm and hedging behavior among traders.

While some analysts remain optimistic — Standard Chartered (LSE:STAN,OTC Pink:SCBFF), for instance, sees Bitcoin possibly reaching US$120,000 by Q2 — no major forecast comes close to US$300,000.

On Tuesday, Bitcoin hovered near US$107,000, not far from its record high of US$109,241 in January.

Still, market experts caution that without a strong catalyst, the current rally may not sustain its upward trajectory. Betting markets like Polymarket place only a 9 percent chance of Bitcoin hitting even US$250,000 this year, underscoring how isolated this US$300,000 wager truly is.

Bitget becomes world’s third top crypto exchange by trading volume

Bitget has officially surged into third place among global crypto exchanges, reporting US$757.6 billion in futures trading volume and US$68.6 billion in spot volume for April of this year.

The Seychelles-based platform has made a name for itself through features like copy trading, which allows users to mimic high-performing traders in real time. Bitget’s April performance stood out despite a broader market correction, expanding its market share to 7.2 percent and pushing its user base above 120 million. The exchange’s rise signals increasing demand for advanced crypto trading products beyond the traditional buy-and-hold strategy.

CME’s XRP futures launch with US$19 million volume

XRP joined the roster of cryptocurrencies traded on CME Group’s (NASDAQ:CME) derivatives exchange as the firm launched futures contracts that pulled in over US$19 million in notional volume on Sunday (May 18).

The first day’s tally easily eclipsed Solana’s March debut of US$12.3 million, putting XRP alongside BTC, ETH and SOL in CME’s crypto futures lineup. Offered in both micro (2,500 XRP) and standard (50,000 XRP) sizes, the cash-settled contracts allow investors to speculate on XRP’s price without owning the token.

The timing is noteworthy, as the US Securities and Exchange Commission (SEC) continues to drag its feet on pending exchange-traded fund applications for XRP and SOL, leaving futures as the most viable institutional gateway.

XRP futures could see broader uptake if regulatory clarity around token classification progresses. The SEC’s recent legal moves against other issuers may also increase demand for regulated products like these.

Crypto.com and Kraken secure MiFID licenses for European expansion

Crypto.com and Kraken have both secured Markets in Financial Instruments Directive (MiFID) licenses to offer crypto derivatives in Europe. Crypto.com secured its license through the acquisition of A.N. Allnew Investments, a Cyprus-based financial firm. Kraken acquired an unnamed Cypriot investment firm to gain its MiFID license.

A MiFID license allows entities to offer crypto derivatives in the EU. Platforms must meet strict regulations, enabling them to provide complex crypto financial products to more European investors under harmonized EU rules.

The moves underscore the increasing maturity of the cryptocurrency market and the proactive steps exchanges are taking to operate within established legal and financial frameworks in key global jurisdictions.

SEC accuses Unicoin of US$100 million fraud

The SEC has charged crypto firm Unicoin and four top executives with running what it calls a US$100 million securities fraud scheme, alleging the company lied about its assets and sales performance.

According to the complaint, Unicoin misled investors by falsely claiming to own prime real estate in locations like Thailand and Argentina, inflating the value of these assets by over US$1 billion. The company also allegedly exaggerated the sales of its ‘rights certificates,’ stating it had raised US$3 billion when the real figure was just US$110 million.

The SEC is seeking disgorgement and civil penalties, and notes that Unicoin rejected a prior attempt to settle the matter.

CEO Alexander Konanykhin told investors last month that the company had “declined to show up” for an SEC settlement meeting, labeling it an “ultimatum.”

Robinhood proposes tokenized RWA framework

Robinhood Markets (NASDAQ:HOOD) has proposed a 42 page framework to the SEC for national regulation of tokenized real-world assets (RWAs), as reported by Forbes on Tuesday.

The proposal also outlines the creation of the Real World Asset Exchange (RRE), a trading platform that would offer off-chain trade matching and on-chain settlement. To ensure efficiency, transparency and global compliance, the RRE would integrate KYC and AML tools through partnerships with Jumio and Chainalysis.

A central aspect of Robinhood’s proposal is the concept of token-asset equivalence. This would classify tokens representing assets like US Treasury bonds as the underlying asset itself, rather than a derivative.

This approach aims to enable institutions and broker-dealers to manage tokenized RWAs within the current regulatory structure, potentially simplifying custody, trading and settlement procedures.

New Bitcoin accumulation metric

As enterprises continue to build BTC holdings, a new analytical metric, days to cover mNAV, is being used to estimate how long it would take a company to acquire enough BTC to match its market capitalization.

The calculation uses the company’s current multiple of net asset value (mNAV) and its daily BTC yield, incorporating compounding to provide a forward-looking, growth-adjusted valuation.

The formula is: Days to Cover = ln(mNAV) / ln(1 + BTC Yield)

Data from significant Bitcoin-acquiring companies like Strategy (NASDAQ:MSTR), Metaplanet (TSE:3350,OTCQX:MTPLF) and Semler Scientific (NASDAQ:SMLR) between October 2024 and May 2025 indicates an increasingly efficient market that facilitates Bitcoin accumulation for large entities.

The formula was proposed by Adam Back on May 9, and gained traction after being reposted by X user @ActuallyClimber on May 14. CoinDesk reported on its increasing adoption within crypto circles on Wednesday.

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

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

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