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Investor Insight
In the current strong market dynamic for uranium, Skyharbour Resources is a compelling investment opportunity driven by its large portfolio of exploration assets in Canada’s most prolific uranium district in the Athabasca Basin.
Overview
Nuclear energy is a key driver in the transition to net zero, offering clean, reliable, and secure power to meet global electricity demand, which is expected to grow by 50 percent in 2040.
Skyharbour Resources (TSXV:SYH,OTCQX :SYHBF,FWB:SC1P) is strategically positioned to support this growing demand through its high-grade uraniumprojects. As a leading uranium exploration company, Skyharbour partners with industry stakeholders to advance projects that contribute to the secure and sustainable energy future nuclear power promises.
Skyharbour has launched its winter drill program at the Russell Lake uranium project, initiating its planned 16,000–18,000 metre campaign across 35–45 holes at its co-flagship Russell Lake and Moore projects. A total of 11,000 to 12,000 metres will be drilled at Russell Lake, along with an additional 5,000 to 6,000 metres at Moore Lake in 2025. This initial phase at Russell will focus on exploring the project’s significant upside potential, leveraging its widespread uranium mineralization and favorable geology for large, high-grade Athabasca Basin uranium deposits.
Company Highlights
- Skyharbour Resources is a junior mining company with an extensive portfolio of uranium exploration projects in Canada’s Athabasca Basin. They comprise 37 uranium projects, totaling over 616,000 hectares.
- The Athabasca Basin is the world’s most prolific uranium jurisdiction, boasting uranium grades averaging over 10-20 times higher than those found elsewhere.
- The company employs a multi-faceted strategy of focused mineral exploration at its core projects (Russell and Moore) while utilizing the prospect generator model to advance its secondary projects with strategic partners.
- The company’s co-flagship Moore project is an advanced-stage uranium exploration asset featuring high-grade uranium mineralization at the Maverick Zone. Previous drilling has returned results of 6 percent U3O8 over 5.9 meters, with a notable intercept of 20.8 percent U3O8 over 1.5 meters, at a vertical depth of 265 meters.
- Adjacent to the Moore project is Skyharbour’s second core project, the Russell Lake uranium project, wherein Skyharbour has completed the acquisition of 57.7 percent interest from Rio Tinto. The Russell Lake uranium project is a large, advanced-stage uranium exploration property totaling 73,314 hectares.
- The 2024 winter drill program at the Russell Lake uranium project led to a new discovery of high-grade, sandstone-hosted mineralization up to 2.99 percent U3O8 intersected over 0.5 meters.
- Skyharbour has commenced its 2025 winter drill program at the Russell Lake uranium project with plans to complete an initial 5,000-metre diamond drilling program in 10 to 12 holes at the project
- Fully-funded for combined drilling of 16-18,000m in 35-45 drill holes across Russell and Moore Lake Projects
- 15-16,000 metres of additional drilling funded by partner companies at other projects in the Skyharbour’s prospect generator business including 6-7,000m of drilling by strategic partner Orano at the Preston project
- Management intends to continue building the prospect generator business by offering projects to partners who will fund the exploration and provide cash/stock to Skyharbour for an ownership interest in the projects; Skyharbour typically retains minority interests in the projects and equity holdings in the partners.
- The increasing focus on nuclear energy by governments globally to achieve decarbonization goals bodes well for uranium prices. Skyharbour, with key uranium assets in a top mining jurisdiction, stands to benefit from this shift in the global energy mix.
Flagship Projects
The Moore Project
This project covers an area of 35,705 hectares, located in the eastern Athabasca Basin near existing infrastructure with known high-grade uranium mineralization and significant discovery potential. Skyharbour acquired the project from Denison Mines (TSX:DML), a large strategic shareholder of the company. The project can be easily accessed year-round via winter and ice roads, streamlining logistics and reducing expenses. During the summer months, a significant portion of the property remains accessible as well. The property has been the subject of extensive historic exploration with over $50 million in expenditures, and over 140,000 meters of diamond drilling completed historically.
Moore hosts high-grade uranium mineralization at the Maverick zones. Over the past few years, Skyharbour Resources has conducted diamond drilling programs, resulting in the intersection of high-grade uranium mineralization in numerous drill holes along the 4.7-kilometer-long Maverick structural corridor. Some of the high-grade intercepts include:
- Hole ML-199 which intersected 20.8 percent U3O8 over 1.5 meters at 264 meters,
- Hole ML-202 from the Maverick East Zone which intersected 9.12 percent U3O8 over 1.4 meters at 278 meters.
- Hole ML20-09 which intersected 0.72 percent U3O8 over 17.5 meters from 271.5 meters to 289.0 meters, including 1 percent U3O8 over 10.0 meters represents the longest continuous drill intercept of uranium mineralization discovered to date at the project.
- Drill hole ML-61 returned 4.03 percent eU3O8 over 10 meters;
- Drill hole ML -55 encountered high-grade mineralization, returning 5.14 percent U3O8 over 6.2 meters
- Drill hole ML -47 intersected 4.01 percent U3O8 over 4.7 meters
Merely 50 percent of the total 4.7-kilometer promising Maverick corridor has undergone systematic drilling, indicating significant discovery potential both along its length and within the underlying basement rocks at depth. Skyharbour completed a 2024 winter drill program which consisted of 2,800m of drilling at the project which focused on infill/expansion drilling at the Main Maverick Zone. Assay results from the program intersected 5 metres of 4.61 percent U3O8 from a relatively shallow downhole depth of 265.5 metres to 270.5 metres including 10.19 percent U3O8 over 1 metre at the Main Maverick Zone from hole ML24-08. The Company recently received the remaining assay results from its late 2024 diamond drilling program, which totaled 2,759 metres in nine holes. Of the nine holes, four holes (ML24-10 to -12 and ML24-18) focused on the Main Maverick Zone and five holes (ML24-13 to -17) on the Maverick East Zone.
The primary objective of the summer program was to extend and expand the boundaries of the Main Maverick and Maverick East Zones with all but one hole successfully intersecting uranium mineralization. Drill hole ML24-15 which intersected 6.4 m of 1.50% U3O8 successfully expands the Maverick East zone over 40 metres along strike to the northeast with more drilling warranted in the area.
Skyharbour is planning for an additional, fully-funded 4,500 – 5,000 metres of drilling at the Main Maverick and Maverick East Zones to further expand, characterize and define the extents of the mineralized zones.
Apart from the Maverick Zone, diamond drilling in various other target areas has encountered multiple conductors linked with notable structural disturbances, robust alteration, and anomalous concentrations of uranium and associated pathfinder elements.
Russell Lake Uranium Project
The Russell Lake project is a large, advanced-stage uranium exploration property spanning 73,314 hectares, strategically positioned between Cameco’s Key Lake and McArthur River projects. Skyharbour has completed its earn-in requirements for an option agreement with Rio Tinto and has now acquired 57.7 percent ownership interest in the Russell Lake project.
The project is adjacent to Denison’s Wheeler River project and Skyharbour’s Moore uranium project. It is supported by excellent infrastructure in terms of highway access as well as high-voltage power lines. The project has undergone a significant amount of historical exploration which includes over 95,000 meters of drilling in over 220 drill holes. The exploration identified numerous prospective target areas and several high-grade uranium showings as well as drill hole intercepts.
The property hosts several noteworthy exploration targets, including the Grayling Zone, the M-Zone Extension target, the Little Man Lake target, the Christie Lake target, and the Fox Lake Trail target. Skyharbour completed a 19-hole drilling program totaling 9,595 meters in three phases in 2023. The initial drilling phase encompassed 3,662 meters across eight completed holes at the Grayling Zone, followed by a second phase involving four holes totaling 2,730 meters drilled at the Fox Lake Trail Zone. The third drilling phase involved 3,203 meters across seven holes targeting additional areas within the Grayling Zone.
Drilling at Russell in 2024 was completed in two separate phases with a total of 3,094 metres drilled in six holes. Phase One of drilling resulted in the best intercept of uranium mineralization historically on the property from hole RSL24-02, which returned a 2.5 metre wide intercept of 0.721 percent U3O8 at a relatively shallow depth of 338.1 metres, including 2.99 percent U3O8 over 0.5 metres at 339.6 metres just above the unconformity in the sandstone. The second phase of drilling was recently completed which totalled approximately 4,500 metres, with assays pending.
Skyharbour has recently commenced its 2025 drilling program at the Russell Lake project with a first phase consisting of approximately 5,000 metres to follow up on notable recent exploration success and to test new targets developed by the geological team. The focus for this phase of drilling will be on the Fork and Sphinx targets within the broader Grayling target area, as well as the M-Zone Extension target and the Fox Lake Trail target. This initial winter program will consist of 10 to 12 drill holes, with most of the targets being road accessible and near the exploration camp, bringing the drill costs down.
Prospect Generator Strategy
In addition to being a high-grade uranium exploration and early stage development company, Skyharbour utilizes a prospect generator strategy by bringing in partner companies to acquire interests in some of our secondary projects by funding exploration at these projects and making cash and share payments to Skyharbour over a period of time. This model allows the Company to focus efforts and capital at our core projects which include the Moore Lake and Russell Lake Projects, while having our JV and option partner companies fund and advance our secondary projects.
Skyharbour partner companies include Orano Canada, Azincourt Energy, Thunderbird Resources, Basin Uranium Corp., North Shore Uranium and Terra Clean Energy, advancing the Preston, East Preston, Hook Lake, Mann Lake, Falcon and South Falcon East Projects, respectively. More recently, three new earn-in option agreements have been signed with UraEx Resources at the South Dufferin and Bolt Projects, Hatchet Uranium at the Highway Project, and Mustang Energy at the 914W Project, bringing the total partner companies to nine. Skyharbour now has option agreements that total over CAD $36 million in exploration expenditures, over $20 million in stock being issued and $14 million in cash payments coming into Skyharbour, assuming that these partner companies complete their full earn-ins at their respective projects.
Furthermore, Skyharbour’s project portfolio is bolstered by several other 100% owned projects scattered throughout the Athabasca Basin that they can look to option/JV or sell to grow their robust model.
Management Team
Jordan Trimble – President and CEO
With a background in entrepreneurship, Jordan Trimble has held various positions in the resource industry, focusing on management, corporate finance, strategy, shareholder communications, business development, and capital raising with multiple companies. Prior to his role at Skyharbour, he was the corporate development manager at Bayfield Ventures, a gold company with projects in Ontario. Bayfield Ventures was subsequently acquired by New Gold (TSX:NGD) in 2014. Throughout his career, Trimble has established and assisted in the management of numerous public and private enterprises. He has played a pivotal role in securing significant capital for mining companies, leveraging his extensive network of institutional and retail investors.
Jim Pettit – Chairman of the Board
Jim Pettit currently serves as a director on the boards of various public resource companies, drawing from over 30 years of experience in the industry. His expertise lies in finance, corporate governance, management and compliance, particularly in the early-stage development of both private and public enterprises. Over the past three decades, he has primarily focused on the resource sector. Previously, he served as chairman and CEO of Bayfield Ventures, which was acquired by New Gold in 2014.
David Cates – Director
David Cates currently serves as the president and CEO of Denison Mines (TSX:DML). Before assuming the role of president and CEO, Cates was the vice-president of finance, tax, and chief financial officer at Denison. In his capacity as CFO, he played a pivotal role in the company’s mergers and acquisitions activities, including spearheading the acquisition of Rockgate Capital and International Enexco. Cates joined Denison in 2008, initially serving as director of taxation before he was appointed CFO. Prior to joining Denison, he held positions at Kinross Gold and PwC with a focus on the resource industry.
Joseph Gallucci – Director
Joseph Gallucci was previously a senior manager at a leading Canadian accounting firm. He possesses more than two decades of expertise in investment banking and equity research, specializing in mining, base metals, precious metals, and bulk commodities worldwide. He serves as a senior capital markets executive and corporate director. Presently, Gallucci is the managing director and head of investment banking at Laurentian Bank Securities, where he assumes responsibility for overseeing the entire investment banking practice.
Brady Rak – VP of Business Development
Brady Rak is a seasoned investment professional who has focussed on the Canadian capital markets over his 13-year career at several independent broker dealers including Ventum Financial, Salman Partners and Union Securities. As a registered investment advisor in the private client division of Ventum Financial, Brady has been involved in advising high-net-worth and corporate clients, structuring transactions, raising capital and navigating global market sentiment. Brady graduated from Northwood University with a BBA in Management and holds his Options license.
Serdar Donmez – Vice-president of Exploration
A recognized geoscientist with decades of experience in uranium exploration and development, Serdar Donmez has played an active role in numerous grassroots and advanced uranium exploration projects in northern Saskatchewan and Zambia. Donmez has an engineering degree in geology and is a registered professional geoscientist with the Association of Professional Engineers and Geoscientists of Saskatchewan. During his 17-year tenure at Denison Mines, Donmez was pivotal in advancing numerous uranium exploration and development projects. He was involved in various capacities with the Phoenix and Gryphon uranium deposits on Denison’s Wheeler River project, from initial discovery to the completion of the feasibility study in 2023. As resource geology manager, he was integral to the development of mineral resource estimates and NI 43-101 technical reports for several advanced exploration projects in the Athabasca Basin. Additionally, he was part of a team exploring the application of in-situ recovery mining techniques for high-grade uranium deposits in the Athabasca Basin.
Dave Billard – Head Consulting Geologist
Dave Billard is a geologist with over 35 years of experience in exploration and development, focusing on uranium, gold and base metals in western Canada and the western US. He served as chief operating officer, vice-president of exploration, and director for JNR Resources before its acquisition by Denison Mines. He played a crucial role in the discovery of JNR’s Maverick and Fraser Lakes B zones. Earlier in his career, he contributed to the discovery and development of several significant gold deposits in northern Saskatchewan. Prior to joining JNR, Billard worked as a geological consultant specializing in uranium exploration in the Athabasca Basin. He also spent over 12 years with Cameco Corporation.
Christine McKechnie – Senior Project Geologist
Christine McKechnie is a geologist with a specialization in uranium deposits, particularly those hosted in the basement and associated with unconformities in the Athabasca Basin and its vicinity. Throughout her career, she has worked with various companies such as Claude Resources, JNR Resources, CanAlaska Uranium and Cameco, engaging in gold and uranium exploration activities. She completed her B.Sc. (High Honors) in 2008 from the University of Saskatchewan and completed a M.Sc. thesis on the Fraser Lakes Zone B deposit at the Falcon Point project. She also received the 2015 CIM Barlow Medal for Best Geological Paper.
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NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
Stallion Uranium Corp. (the ‘ Company ‘ or ‘ Stallion ‘ ) ( TSX-V: STUD ; OTCQB: STLNF ; FSE: FE0 ) further to its news release of July 8 th 2025, the Company provides certain updates in respect of its technology licensing agreement dated July 7 th 2025 (the ‘ Technology Licensing Agreement ‘), amongst the Company and Matthew J. Mason (the ‘ Lessor ‘). The Lessor holds the exclusive license to certain proprietary technology and know-how that can be used to assist in area prioritization selection for the purposes of exploration for minerals (the ‘ Technology ‘), which was developed by an arm’s length Ph.D. geologist (the ‘ Licensor ‘).
In particular, the Lessor obtained its license in the Technology pursuant to the terms of a binding term sheet dated February 6 th , 2025, amongst the Lessor and the Licensor (the ‘ Underlying Agreement ‘). Pursuant to the terms of the Underlying Agreement, the Lessor’s license in the Technology shall be for a period of 2 years. In connection with the grant of the license to the Lessor from the Licensor, the Lessor and the Licensor shall form an unincorporated joint-venture whereby the Licensor shall contribute the Technology, and the Lessor shall contribute funding and marking expertise to collaboratively advance the development of the Technology. As of the date hereof, the Licensor has advanced funds of GBP280,000 pursuant to the Underlying Agreement.
Furthermore, the 3,750,000 common shares of the Company payable to the Lessor pursuant to the Technology Licensing Agreement shall be subject to a tier 2 value escrow agreement, with 10% of the escrowed securities being releasable at the time of the Final TSX-V Bulletin, and 15% of the escrowed securities being releasable every six months thereafter until released in full.
For more information regarding the Technology Licensing Agreement and the Technology, please refer to the Company’s news release of July 8 th , 2025.
This press release does not constitute an offer to sell, or the solicitation of an offer to buy, any securities. None of the securities issued pursuant to the Technology License Agreement have been, or will be, registered under the United States Securities Act of 1933, or any state securities laws.
About Stallion Uranium Corp.:
Stallion Uranium is working to ‘Fuel the Future with Uranium’ through the exploration of roughly 1,700 sq/km in the Athabasca Basin, home to the largest high-grade uranium deposits in the world. The company, with JV partner Atha Energy holds the largest contiguous project in the Western Athabasca Basin adjacent to multiple high-grade discovery zones.
Our leadership and advisory teams are comprised of uranium and precious metals exploration experts with the capital markets experience and the technical talent for acquiring and exploring early-stage properties. For more information visit stallionuranium.com .
On Behalf of the Board of Stallion Uranium Corp.:
Matthew Schwab
CEO and Director
Corporate Office:
700 – 838 West Hastings Street,
Vancouver, British Columbia,
V6C 0A6
T: 604-551-2360
info@stallionuranium.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation (collectively, ‘forward-looking statements’) that relate to the Company’s current expectations and views of future events. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as ‘will likely result’, ‘are expected to’, ‘expects’, ‘will continue’, ‘is anticipated’, ‘anticipates’, ‘believes’, ‘estimated’, ‘intends’, ‘plans’, ‘forecast’, ‘projection’, ‘strategy’, ‘objective’ and ‘outlook’) are not historical facts and may be forward-looking statements and may involve estimates, assumptions and uncertainties which could cause actual results or outcomes to differ materially from those expressed in such forward-looking statements. No assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this material change report should not be unduly relied upon. These statements speak only as of the date they are made.
Forward-looking statements are based on a number of assumptions and are subject to a number of risks and uncertainties, many of which are beyond the Company’s control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking statements. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. New factors emerge from time to time, and it is not possible for the Company to predict all of them or assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statement. Any forward-looking statements contained in this presentation are expressly qualified in their entirety by this cautionary statement .
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(TheNewswire)
TORONTO, ON TheNewswire – August 1, 2025 Silver Crown Royalties Inc. ( Cboe: SCRI,OTC:SLCRF; OTCQX: SLCRF; FRA: QS0) ( ‘Silver Crown’ ‘SCRi’ or the ‘Company’ ) is pleased to announce it has executed an amendment (the ‘ Amendment ‘) to its silver royalty agreement originally dated December 13, 2024 (the ‘Agreement’ ) with PPX Mining Corp. ( TSXV: PPX; BVL: PPX) ( ‘PPX’ ) with respect to a silver royalty (‘ Silver Royalty ‘) on the Igor Project. The Amendment changes the capital deployment structure of the second tranche of the purchase price for the Silver Royalty (the ‘ Second Tranche Payment ‘) and the commencement date of the quarterly minimum Silver Royalty payments under the Agreement (the ‘ Minimum Royalty Payments ‘).
The Second Tranche Payment, originally set at US$1,470,000 and payable on or before August 6, 2025, has now been divided into two payments, with Silver Crown paying US$833,000 of the Second Tranche Payment to PPX today and with the remaining US$637,000 of the Second Tranche Payment now being due on or before December 31, 2025. Additionally, the commencement date for the Minimum Royalty Payments has been deferred from October 1, 2025, to March 31, 2026, subject to earlier commencement upon the startup of metallurgical operations at the Beneficiation Plant.
In accordance with the terms of the Agreement as amended by the Amendment, the payment of the first US$833,000 of the Second Tranche Payment today increased Silver Royalty payable to SCRi to the cash equivalent of 5.1% of the silver produced at the Igor Project (to an aggregate 11.1%), and the total payable silver ounces under the Silver Royalty increased by 76,500 ounces (to an aggregate total of 166,500 ounces). Upon payment of the remaining US$637,000 of the Second Tranche Payment on or before December 31, 2025, the Silver Royalty will further increase by 3.9% of the cash equivalent of the silver produced at the Igor Project (to a total of 15%), and the total payable silver ounces under the Silver Royalty will increase by an additional 58,500 ounces (to an aggregate total of 225,000 ounces) as contemplated by the Agreement.
Peter Bures, Silver Crown’s CEO, stated, ‘Increasing our royalty to 11.1% of the cash equivalent of the silver produced at Igor 4 (up from 6% in the first half of the year) is expected to be instrumental to our revenue growth in the immediate term. Amending the Second Tranche Payment offers flexibility to our partners as they continue to develop their infrastructure and presents an opportunity for SCRI to deploy capital in a more advantageous manner for shareholders. Furthermore, adjusting the Minimum Royalty Payments to a more advantageous timeline enables for any fine tuning during the initial phase of the Beneficiation Plant’s operation. We emphasize that the overall transaction terms remain unchanged per the Agreement: SCRI is still expected to receive the cash equivalent of 225,000 silver ounces over the next four years, of which approximately the cash equivalent of 1,600 silver ounces have already been delivered and will now be delivered at an increased rate.
ABOUT Silver Crown Royalties INC.
Founded by industry veterans, Silver Crown Royalties ( Cboe: SCRI | OTCQX: SLCRF | BF: QS0 ) is a publicly traded, silver royalty company. Silver Crown (SCRi) currently has four silver royalties of which three are revenue-generating. Its business model presents investors with precious metals exposure that allows for a natural hedge against currency devaluation while minimizing the negative impact of cost inflation associated with production. SCRi endeavors to minimize the economic impact on mining projects while maximizing returns for shareholders. For further information, please contact:
Silver Crown Royalties Inc.
Peter Bures, Chairman and CEO
Telephone: (416) 481-1744
Email: pbures@silvercrownroyalties.com
FORWARD-LOOKING STATEMENTS
This release contains certain ‘forward looking statements’ and certain ‘forward-looking information’ as defined under applicable Canadian and U.S. securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as ‘may’, ‘will’, ‘should’, ‘expect’, ‘intend’, ‘estimate’, ‘anticipate’, ‘believe’, ‘continue’, ‘plans’ or similar terminology. The forward-looking information contained herein is provided for the purpose of assisting readers in understanding management’s current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes. Forward-looking statements and information include, but are not limited to, SCRi anticipates that Elk Gold will pay this residual amount owing on or before March 31, 2025. Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual actions, events or results to be materially different from those expressed or implied by such forward-looking information, including but not limited to: the impact of general business and economic conditions; the absence of control over mining operations from which SCRi will purchase gold and other metals or from which it will receive royalty payments and risks related to those mining operations, including risks related to international operations, government and environmental regulation, delays in mine construction and operations, actual results of mining and current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined; accidents, equipment breakdowns, title matters, labor disputes or other unanticipated difficulties or interruptions in operations; SCRi’s ability to enter into definitive agreements and close proposed royalty transactions; the inherent uncertainties related to the valuations ascribed by SCRi to its royalty interests; problems inherent to the marketability of gold and other metals; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; industry conditions, including fluctuations in the price of the primary commodities mined at such operations, fluctuations in foreign exchange rates and fluctuations in interest rates; government entities interpreting existing tax legislation or enacting new tax legislation in a way which adversely affects SCRi; stock market volatility; regulatory restrictions; liability, competition, the potential impact of epidemics, pandemics or other public health crises on SCRi’s business, operations and financial condition, loss of key employees. SCRi has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information. SCRi undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management’s best judgment based on information currently available.
This document does not constitute an offer to sell, or a solicitation of an offer to buy, securities of the Company in Canada, the United States or any other jurisdiction. Any such offer to sell or solicitation of an offer to buy the securities described herein will be made only pursuant to subscription documentation between the Company and prospective purchasers. Any such offering will be made in reliance upon exemptions from the prospectus and registration requirements under applicable securities laws, pursuant to a subscription agreement to be entered into by the Company and prospective investors. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.
CBOE CANADA DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
Copyright (c) 2025 TheNewswire – All rights reserved.
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Three Senate Republicans are backing up Health and Human Services Secretary Robert F. Kennedy Jr.’s possible effort to reform the U.S. Preventive Services Task Force, saying that the group has recently been ideologically motivated.
The ‘independent’ task force is used to determine recommendations of what services health insurance companies in the United States have to cover for free, such as checking for cancer.
‘Americans deserve to know health guidelines are based on real science, not radical wokeness. The Task Force needs to get back to its mission of giving clear, evidence-based recommendations people can trust,’ Sen. Jim Banks, R-Indiana, said in a statement.
The Wall Street Journal reported that Kennedy is considering removing members of the board, and the senators are saying they back any change to veer away from certain DEI tactics employed by the group currently, including the 2023 Report to Congress on High-Priority Evidence Gaps for Clinical Preventive Services and ‘social justice activism’ by people in the group.
‘In particular, the USPSTF departed from its proper activities in its December 2023 Health Equity Framework. The framework criticizes ‘equal access to quality health care for all’ as an inadequate goal of public health and announces that the Task Force will instead use equity as ‘a criterion of the ‘public health importance’ of a topic’ for consideration,’ the letter added.
‘Far from simply recognizing health disparities between certain populations, ‘health equity’ as described by the USPSTF includes ‘information on risk factors that intersect with race and/or ethnicity or other disadvantaged populations (e.g., sexual and gender minorities) and that affect prevalence and burden of disease’ and ‘any inequities in how preventive services are provided, accessed, or received.’ These criteria would allow the Task Force to issue recommendations outside its proper purview and impose leftwing ideology,’ it continues.
Specifically, they said that changes could be needed to fulfill President Donald Trump’s Executive Order to scrap DEI efforts within the federal government, along with an EO on ‘restoring merit-based opportunity’ and ‘ending illegal discrimination.’
‘Allowing the Task Force to pursue the Health Equity Framework means allowing it to exceed its statutory mission and target social groups that comport with a progressive agenda. It means discounting universally beneficial recommendations as inadequate. It means disregarding statutory limits and instead undertaking a social justice crusade through the lens of critical race theory and gender ideology. This would be a mistake. The result is ineffectiveness, discrimination, and division. The USPSTF should be working for all Americans equally,’ the letter added.
‘No final decision has been made on how the USPSTF can better support HHS’ mandate to Make America Healthy Again,’ an HHS spokesperson told Fox News Digital in a statement when asked about the WSJ report.
There has already been some opposition to the possibility of removing the members, including from the American Medical Association.
‘USPSTF plays a critical, non-partisan role in guiding physicians’ efforts to prevent disease and improve the health of patients by helping to ensure access to evidence-based clinical preventive services,’ the AMA wrote in a letter to Kennedy. ‘As such, we urge you to retain the previously appointed members of the USPSTF and commit to the long-standing process of regular meetings to ensure their important work can continue without interruption.’
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A longtime ally of former President Joe Biden told House Oversight Committee investigators that he could have been paid a total of $8 million if the former president won his 2024 re-election bid, a source familiar with the conversation told Fox News Digital.
Michael Donilon served as senior advisor to the president for the entirety of Biden’s four-year term. Their relationship goes back decades, however; Donilon first worked for Biden in 1981 when he was a U.S. senator from Delaware.
He is the latest ex-Biden administration official to sit down with the committee behind closed doors as it investigates whether the former president’s inner circle covered up evidence of his alleged mental decline, and if executive actions were signed via autopen without Biden’s full awareness.
Donilon said he did not know what the autopen was used for and did not recall having any knowledge of the autopen, the source told Fox News Digital.
But Donilon, who was the top strategist for Biden’s 2020 and 2024 campaigns, would have apparently earned some $8 million total if Biden won.
Donilon told investigators he was paid $4 million to work on Biden’s 2024 campaign, the source said. That information was reported by Axios reporter Alex Thompson and CNN host Jake Tapper in their book ‘Original Sin: President Biden’s Decline, Its Cover-up, and His Disastrous Choice to Run Again.’
The $4 million he would have gained in addition would have come if Biden had won in 2024.
Biden infamously dropped out of the 2024 race after his disastrous debate against Donald Trump in June of that year, after weeks of mounting pressure by fellow Democrats, both in public and in private.
Donilon told investigators he ‘believes the punditry and Democrats in Congress overreacted after Joe Biden’s disastrous debate,’ the source said. Donilon also argued Biden’s communications skills ‘got stronger’ during his time as president, the source added.
‘During his interview, Mr. Donilon admitted that Joe Biden’s presence wasn’t as commanding, and he could stumble over more words. Mr. Donilon stated he was frustrated and knew it was difficult to get past the visuals of President Biden that people were seeing,’ the source said.
In his opening statement, obtained by Fox News Digital, Donilon emphasized his 40-year relationship with Biden and touted the Democratic administration’s accomplishments through the COVID-19 pandemic, the rebound in job growth in its wake and the Inflation Reduction Act and other legislative wins.
‘I was with President Joe Biden from his first day in office to the last day. What I saw, day in and day out, was a leader who was deeply engaged and in command on critical issues, both at home and abroad,’ Donilon said in his statement.
‘Every President ages over the four years of a presidency and President Biden did as well, but he also continued to grow stronger and wiser as a leader as a result of being tested by some of the most difficult challenges any President has ever faced.
‘I thought that experience was enormously valuable for the nation. I believed that President Biden was the best person to lead the country on the day he took the oath of office and I continued to believe that was true every day he served as President.’
Donilon is the eighth ex-Biden White House official to appear for the probe led by House Oversight Committee Chairman James Comer, R-Ky.
A source familiar with the Biden team’s thinking previously called Republicans’ probe ‘dangerous’ and ‘an attempt to smear and embarrass.’
‘And their hope is for just one tiny inconsistency between witnesses to appear so that Trump’s DOJ prosecute his political opponents and continue his campaign of revenge,’ that source said.
Fox News Digital reached out to Donilon’s lawyer and a representative for Biden for comment.
Fox News Digital’s Deirdre Heavey contributed to this report
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The Secret Service must move to ‘course correct’ after reports a Secret Service agent attempted to smuggle his wife onto a Secret Service cargo plane accompanying President Donald Trump on his trip to Scotland, according to a former agent.
Tim Miller, who served as a Secret Service agent during the administrations of presidents George H.W. Bush and Bill Clinton, said the alleged incident was unusual and that the agency must ‘step up’ to address growing threats against Trump.
‘The threats to the President are serious and growing,’ Miller said in an email Thursday to Fox News Digital. ‘This agency must step up to address these threats. … Imagine a world where our elected leaders are not safe to lead the critical issues facing our world?
‘The mission that they have been given requires the absolute best people available who have the highest level of commitment, experience, professionalism and skill.’
While Miller predicted conduct like this would have previously resulted in a suspension or firing of the agent, Miller said that is unlikely given that the Secret Service did not fire those on duty during the assassination attempt against Trump in Butler, Pennsylvania, in July 2024.
The agency did, however, announce that it suspended six of its agents due to their response to the attempt.
Likewise, Miller said he anticipates an investigation into the Scotland incident will be handled meticulously.
‘I am confident that they will thoroughly investigate this matter,’ Miller said. ‘To that end, the Secret Service must course correct and hold agents accountable for these types of errors in judgment. The current threats are too high. It’s time for high levels of accountability and a return to mission focus. The lives of our elected leaders depend on it! This truly is a ‘no fail’ mission!’
Even so, Miller said the agency did the right thing in identifying the threat and fixing the problem.
‘The bottom line is there is more to this story and, with the exception of one agent’s extremely poor judgment, the Secret Service did a good job identifying and correcting this issue,’ Miller said.
RealClearPolitics first reported that a Secret Service agent attempted to smuggle his wife aboard a Secret Service cargo aircraft during Trump’s travels for his Scotland trip.
Trump told reporters Tuesday he had just heard about the alleged incident, describing it as a ‘weird deal.’ He also told reporters the agency is handling the matter.
‘I don’t know, that’s a strange one. I just heard that two minutes ago. I think Sean’s taking care of it. … Is that a serious story?’ Trump told reporters on Air Force One Tuesday, appearing to reference Sean Curran, Secret Service director.
The White House confirmed to Fox News Digital Wednesday that Trump had been briefed on the matter and that an investigation was ongoing.
‘The U.S. Secret Service is conducting a personnel investigation after an employee attempted to invite his spouse, a member of the United States Air Force, aboard a mission support flight,’ a Secret Service spokesperson told Fox News Digital Tuesday.
‘The aircraft, operated by the U.S. Air Force, was being used by the Secret Service to transport personnel and equipment,’ the spokesperson added. ‘Prior to the overseas departure, the employee was advised by supervisors that such action was prohibited, and the spouse was subsequently prevented from taking the flight. No Secret Service protectees were aboard, and there was no impact to our overseas protective operations.’
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President Donald Trump clashed with a reporter Thursday over questions about a newly signed tariff, telling him that he had spent his first term ‘fighting lunatics like you.’ The intense exchange follows a White House signing ceremony for a series of executive actions aimed at expanding reciprocal tariffs and strengthening U.S. trade policy.
While speaking with reporters at the White House after the signing, a reporter confronted Trump on why he is emphasizing tariffs more in his second term.
‘You’re weighing your decision to do that, your authority to do that based on a 1977 law. It’s never been invoked before,’ said the reporter. ‘Why didn’t you invoke this law in your first term? You could have taken in billions upon billions of dollars in your first term, but you waited until your second term?’
Without missing a beat, the president shot back: ‘Yeah, because in my first term, I was fighting lunatics like you who were trying to do things incorrectly and inappropriately to a president that was duly elected.’
‘And we did do certain tariffs in the first term,’ he continued. ‘If you look at China, China, we took in hundreds of billions of dollars from China.’
He also said that the COVID-19 pandemic also played a factor in his decision to not emphasize tariffs as much in his first term.
‘When Covid came the last thing I was going to do is tell France and Italy and Spain and a couple of other countries that we’re going to hit you with tariffs,’ he explained. ‘We had to fight the Covid situation when that came.’
‘But if you look at my first term,’ he went on, ‘We took in hundreds of billions of dollars’ worth of tariffs, but you people didn’t cover it very well.’
A statement by the White House said that Trump’s executive actions taken on Thursday ‘reflects the President’s continued efforts to protect the United States against foreign threats to the national security and economy of the United States by securing fair, balanced, and reciprocal trade relationships to benefit American workers, farmers, and manufacturers and to strengthen the United States’ defense industrial base.’
This comes shortly after Trump and European Commission President Ursula von der Leyen announced a trade deal between the U.S. and E.U. on Sunday.
‘We are agreeing that the tariff straight across for automobiles and everything else will be a straight-across tariff of 15%,’ Trump said.
‘So, we have a tariff of 15%. We have the opening up of all of the European countries, which I think I could say were essentially closed. I mean, you weren’t exactly taking our orders. You weren’t exactly taking our agriculture,’ he added, addressing von der Leyen.
Von der Leyen said Europe will also purchase $150 billion worth of U.S. energy as part of the deal, in addition to making $600 billion in other investments into the U.S.
Fox News Digital’s Anders Hagstrom and Stephen Sorace contributed to this report.
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President Donald Trump targeted Sen. Susan Collins, R-Maine, in a Thursday night Truth Social post, urging Republicans to vote in the opposite of the way that she does.
‘Republicans, when in doubt, vote the exact opposite of Senator Susan Collins. Generally speaking, you can’t go wrong. Thank you for your attention to this matter and, MAKE AMERICA GREAT AGAIN!’ the president declared in the post.
Fox News Digital reached out to Collins’ office early on Friday morning to request a comment from the senator.
Last month Collins voted against passage of the One Big Beautiful Bill Act and against passage of a rescissions measure, both of which Trump ultimately signed.
Earlier this year she voted against confirming Pete Hegseth to serve as secretary of defense and against confirming Kash Patel to serve as FBI director.
In February 2021, she voted to convict Trump after the House impeached him in the wake of the Jan. 6, 2021 Capitol riot, but that Senate vote, which occurred after Trump had already departed from office, did not reach the threshold necessary for conviction.
Collins has served in the Senate since 1997.
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The Canadian province of Ontario has canceled a C$100 million ($68.12 million) satellite high-speed internet contract with Elon Musk’s company Starlink, following through with a vow by the province’s premier to cut ties in retaliation for U.S. tariffs imposed on Canada.
Stephen Lecce, Ontario’s minister of energy and mines, confirmed the cancellation of the contract for internet services at an unrelated news conference in Toronto on Wednesday. Lecce, who oversees broadband connectivity in Canada’s most populous province, didn’t say how much the termination would cost.
“I can confirm that the premier has fulfilled his word, which is to cancel that contract because of the very reasons he cited in the past,” Lecce said. “We are standing up for Canada.”
Under the terms of the deal, which Ontario signed last November, Starlink was to provide high-speed internet access to 15,000 eligible homes and businesses in more remote communities.
In February, Ontario Premier Doug Ford threatened to end the agreement with Starlink in response to U.S. President Donald Trump imposing tariffs on Canadian goods. He later postponed the cancellation after Trump agreed to a 30-day pause on tariffs.
SpaceX, Starlink’s parent, did not immediately respond to a request for comment.
Musk headed Trump’s drive to shrink the federal government and was a close ally before falling out with the president.
Canada and the U.S. are working on negotiating a trade deal by August 1, the date Trump is threatening to impose a 35% tariff on all Canadian goods not covered by the U.S.-Mexico-Canada trade agreement.
Earlier this week, Canadian Prime Minister Mark Carney said talks were at an intense phase while reiterating that a deal that would remove all U.S. tariffs was unlikely.
Lecce said Ontario has taken other measures against the U.S., including restricting the ability of U.S. companies to bid on provincial government contracts, removing U.S.-made alcoholic beverages from store shelves and working to decouple the province’s energy sector from the U.S.
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