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Amazon lays off over 100 employees in Wondery unit as part of audio business restructuring

Business 2 Mins Read

Amazon is laying off roughly 110 employees in its Wondery podcast division and the head of the group is leaving as part of a broader reshuffling of the company’s audio unit.

In a Monday note to staffers, Steve Boom, Amazon’s vice president of audio, Twitch and games, said the company is consolidating some Wondery units under its Audible audiobook and podcasting division. Wondery CEO Jen Sargent is also stepping down from her role, Boom said.

“These changes will not only better align our teams as they work to take advantage of the strategic opportunities ahead but, even more crucially, will ensure we have the right structure in place to deliver the very best experience to creators, customers and advertisers,” Boom wrote in the memo, which was viewed by CNBC. “Unfortunately, these changes also include some role reductions, and we have notified those employees this morning.”

Bloomberg was first to report on the job cuts.

The move comes nearly five years after Amazon acquired Wondery as part of a push to expand its catalog of original audio content. The podcasting company made a name for itself with hit shows like “Dirty John” and “Dr. Death.”

More recently, Wondery signed several lucrative licensing deals with Jason and Travis Kelce’s “New Heights” podcast, along with Dax Shepard’s “Armchair Expert.”

Amazon is streamlining “how Wondery further integrates” into the company by separating the teams that oversee its narrative podcasts from those developing “creator-led shows,” Boom wrote.

The narrative podcasting unit will consolidate under Audible, and creator-led content will move to a new unit within Boom’s organization in Amazon called “creator services,” he wrote.

Amazon’s audio pursuits face a heightened challenge from the growing popularity of video podcasts on Alphabet’s YouTube, which now hosts an increasing number of shows.

Video shows require different discovery, growth and monetization strategies than “audio-first, narrative series,” Boom wrote in the memo to Amazon staffers.

“The podcast landscape has evolved significantly over the past few years,” Boom said.

This post appeared first on NBC NEWS

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Business

U.S. farm agency allows six more states to bar some items from food aid

Business 2 Mins Read

WASHINGTON — The Agriculture Department allowed six additional states Monday to bar participants in the Supplemental Nutrition Assistance Program from using their benefits to buy certain processed foods, such as sodas and candy.

The SNAP waivers for West Virginia, Florida, Colorado, Louisiana, Oklahoma and Texas amend the statutory definition of food for purchase and put an end to the subsidization of popular types of junk food beginning in 2026.

The administration of President Donald Trump has encouraged all states to take such measures as part of its “Make America Healthy Again” initiative, named for the social movement led by Health Secretary Robert F. Kennedy Jr.

The USDA had so far signed waivers to allow six states — Arkansas, Idaho, Utah, Iowa, Indiana and Nebraska — to place similar purchasing restrictions on SNAP recipients.

“I hope to see all 50 states join this bold commonsense approach. For too long, the root causes of our chronic disease epidemic have been addressed with lip service only,” said the U.S. Food and Drug Commissioner Marty Makary.

Agriculture Secretary Brooke Rollins announced the additional waivers at an event at the USDA headquarters in Washington.

“These state waivers promote healthier options for families in need,” said Secretary Rollins.

More than 42 million people receive SNAP benefits, sometimes called food stamps, as part of the nation’s largest anti-hunger program.

The massive tax cut and spending bill signed by President Trump in July makes significant changes to the SNAP program, including expanding work requirements and shifting more spending for the program to states.

This post appeared first on NBC NEWS

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Murdoch to provide Trump health updates in deal to delay Epstein case deposition

Business 3 Mins Read

Conservative media baron Rupert Murdoch will give President Donald Trump regular updates on his health as part of an agreement to postpone Murdoch’s deposition in Trump’s $10 billion defamation lawsuit against him over a Wall Street Journal article about late sex offender Jeffrey Epstein.

The unusual stipulation comes a week after Trump’s lawyers sought a quick deposition in the case. Their filing in Miami federal court implied that Murdoch might be either dead or too sick to testify in person by the time the case went to trial.

“Murdoch is 94 years old, has suffered from multiple health issues throughout his life, is believed to have suffered recent significant health scares, and is presumed to live in New York, New York,” Trump’s lawyers said in their filing last week.

Murdoch’ agreement to divulge highly personal information about his health to Trump and his lawyers contrasts sharply with the cozy relationship Murdoch’s Fox News has had with the president over the years.

Fox News for more than a decade has acted as a cheerleader for Trump and his policies. The president is an avid watcher of the conservative network, and several of his key administration officials have worked for Fox. Trump’s daughter-in-law, Lara Trump, currently has a show on Fox News.

The new deal, outlined in a court filing jointly filed by Trump’s and Murdoch’s lawyers late Monday night, postpones Murdoch’s deposition in the case until after a judge rules on his and other defendants’ motions to dismiss Trump’s lawsuit.

If the judge denies that dismissal motion, Murdoch would have to sit for questioning under oath from Trump’s lawyers within 30 days.

The deal has to be approved by the judge, but it is likely to be approved given that both sides have agreed to it.

When the judge signs off on it, Murdoch will be required within three calendar days to give Trump’s’ lawyers “a sworn declaration describing his current health condition,” according to the stipulation filed Monday.

“Defendant Murdoch has further agreed to provide regularly scheduled updates to Plaintiff regarding his health, including a mechanism for him to alert the Plaintiff if there is a material change to his health,” the filing says.

That mechanism is described in a separately signed agreement, which was not publicly filed with the court.

If Murdoch fails to provide the updates as agreed to in the abatement agreement, he will have to sit for an “expedited” deposition, the filing says.

A spokesman for Trump declined to comment on the filing.

CNBC has requested comment from Dow Jones & Co., the publisher of the Journal, which is owned by Murdoch’s News Corp.

Trump’s suit alleges defamation for a Wall Street Journal article in July which said he had sent Epstein a “bawdy” birthday card in 2003 for Epstein’s 50th birthday.

Trump, who denies writing the note, sued Murdoch; News Corp and its CEO Robert Thomson; Dow Jones & Co.; and the two reporters who wrote the article.

For weeks, the president and the Justice Department have faced criticism for a decision not to release investigative files about Epstein, a former friend of Trump’s, who died by suicide in jail in 2019, after being arrested on child sex trafficking charges.

This post appeared first on NBC NEWS

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Investing

Fortune Bay Announces Option Agreement for the Woods Uranium Projects

Investing 8 Mins Read

Fortune Bay Corp. (TSXV: FOR) (FWB: 5QN) (OTCQB: FTBYF) (‘Fortune Bay’ or the ‘Company’) is pleased to announce that it has entered into a definitive option agreement (the ‘Agreement’), dated July 25, 2025, with Neu Horizon Uranium Limited ACN 653 749 145 (the ‘Optionee’), a private Australian arms-length party. Pursuant to the Agreement, the Optionee will be granted the option (the ‘Option’) to acquire an eighty percent interest in The Woods Uranium Projects (‘The Woods’ or the ‘Projects’) located on the northern margin of the Athabasca Basin, Saskatchewan (Figure 1).

Figure 1: The Woods Uranium Projects – District-Scale Opportunity (CNW Group/Fortune Bay Corp.)

The Woods Highlights:

  • District-scale opportunity, including five projects covering approximately 40,000 hectares.
  • A dominant land position along the Grease River Shear Zone (‘GRSZ’) within 30 kilometres of the northern Athabasca Basin margin.
  • The GRSZ is significantly underexplored relative to other major Athabasca Basin structures (less than 20 historical drill holes northeast of Fond du Lac, and only 3 historical drill holes on the Projects).
  • Geological settings and structural features are prospective for; 1) unconformity-related basement-hosted uranium deposits, 2) magmatic intrusive uranium deposits and, 3) rare earth element (‘REE’) deposits.
  • Abundant historical uranium and REE showings, and the highest lake sediment uranium anomalies in Saskatchewan.

Dale Verran, CEO of Fortune Bay, commented: ‘We are pleased to have executed a Definitive Option Agreement with Neu Horizon for the advancement of The Woods Uranium Projects. This partnership combines strong technical capabilities and capital markets expertise to accelerate exploration efforts on these high-potential projects at a time of strengthening uranium market fundamentals. The transaction reflects our disciplined approach to capital allocation—prioritizing spend on our core gold assets at Goldfields and Poma Rosa—while unlocking blue-sky potential from earlier-stage projects through partnerships that preserve upside for our shareholders.’

Martin Holland, Executive Chairman of Neu Horizon Uranium, added: ‘We’re pleased to have successfully closed the earn-in agreement with Fortune Bay and to partner with an experienced in-country team, complementing Neu’s strong technical expertise. With this foundation in place, we’re eager to hit the ground running and carry out substantial work to position the project for drilling ahead of our planned ASX IPO in Q1 2026.’

Key Terms

Consistent with the Letter of Intent (the ‘LOI’) signed in May, 2025, the Option is exercisable by the Optionee completing staged cash payments and share issuances, and incurring the following exploration expenditures on the Project:

Cash

Consideration
Shares

Exploration
Expenditures

Interest Earned

Signing of Definitive Agreement

A$50,000

A$50,000

Nil

80 %

31 December 2025

Nil

A$200,000

A$700,000

31 December 2026

Nil

A$500,000

A$2,300,000

Total

A$50,000

A$750,000

A$3,000,000

The Company will act as the operator during the Option period and will be entitled to charge a management fee of 10% of expenditures incurred on the Projects. A participating Joint Venture (‘JV’) will be formed at the end of the Option period, consistent with customary JV Terms. The JV will allow for dilution and should the Company’s interest fall below 10% the Company will be granted a 2% net smelter returns (‘NSR’) royalty. One-half (1%) of the NSR may be purchased at any time prior to commercial production for a cash payment of A$5 million, subject to Consumer Price Index increase.

Further Projects details are provided in the Company’s News Release dated May 29, 2025.

Qualified Person

The technical and scientific information in this news release has been reviewed and approved by Gareth Garlick, P.Geo., Technical Director of the Company, who is a Qualified Person as defined by NI 43-101. Mr. Garlick is an employee of Fortune Bay and is not independent of the Company under NI 43-101.

Technical Disclosure on Historical Results

The historical uranium and REE occurrences referenced in the ‘Woods Highlights’ section derive from the Saskatchewan Mineral Deposits Index. The lake sediment uranium anomalism referred to in the same section refers to historical results derived from the Saskatchewan Mineral Assessment Database file number 74O09-0004, in comparison with the open-source regional Saskatchewan lake sediment geochemistry database available on the Government of Saskatchewan Mining and Petroleum GeoAtlas. Historical results are not verified and there is a risk that any future confirmation work and exploration may produce results that substantially differ from these. The Company considers these unverified historical results relevant to assess the mineralization and economic potential of the property.

About Fortune Bay

Fortune Bay Corp. (TSXV:FOR, FWB:5QN, OTCQB:FTBYF) is an exploration and development company with 100% ownership in two advanced gold projects in Canada, Saskatchewan (Goldfields Project) and Mexico, Chiapas (Poma Rosa Project), both with exploration and development potential. The Company is also advancing seven uranium exploration projects on the northern rim of the Athabasca Basin, Saskatchewan, which have high-grade potential. The Company has a goal of building a mid-tier exploration and development Company through the advancement of its existing projects and the strategic acquisition of new projects to create a pipeline of growth opportunities. The Company’s corporate strategy is driven by a Board and Management team with a proven track record of discovery, project development and value creation. Further information on Fortune Bay and its assets can be found on the Company’s website at www.fortunebaycorp.com or by contacting us as info@fortunebaycorp.com or by telephone at 902-334-1919.

About Neu Horizon

Neu Horizon is a public unlisted Australian company focused on discovering and developing Tier 1 uranium deposits in premier exploration jurisdictions. Through this exciting new partnership with Fortune Bay, the company has access to a dominant land package with over 100,000ha of prime exploration ground covering three projects in Sweden and five projects in Canada.

Sweden is Europe’s leading mining nation and also hosts the world’s largest low-grade uranium resource within the Alum-shale, where Neu Horizon has a significant landholding. The company aims to take advantage of the Swedish Government’s plans to lift the 2018 moratorium on uranium exploration and mining to delineate a significant European uranium deposit.

Canada’s Athabasca Basin is the world’s leading source of high-grade uranium. Access to this land package along the northern rim of the basin provides Neu Horizon direct access to this underexplored uranium exploration frontier.

These strategic projects align Neu Horizon with the global demand for clean, sustainable and low-carbon energy, by taking advantage of both countries’ rich uranium resources and supportive mining legislation.

On behalf of Fortune Bay Corp.

‘Dale Verran’
Chief Executive Officer
902-334-1919

Cautionary Statement Regarding Forward-Looking Information

Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management’s current estimates, beliefs, intentions, and expectations. They are not guarantees of future performance. Words such as ‘expects’, ‘aims’, ‘anticipates’, ‘targets’, ‘goals’, ‘projects’, ‘intends’, ‘plans’, ‘believes’, ‘seeks’, ‘estimates’, ‘continues’, ‘may’, variations of such words, and similar expressions and references to future periods, are intended to identify such forward-looking statements.

Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company’s objectives, goals, intentions or future plans, statements, exploration results, potential mineralization, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to failure to identify targets or mineralization, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate First Nations and other indigenous peoples, inability to reach access agreements with other Project communities, amendments to applicable mining laws, uncertainties relating to the availability and costs of financing or partnerships needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company’s public documents filed on SEDAR+. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law. For more information on Fortune Bay, readers should refer to Fortune Bay’s website at www.fortunebaycorp.com.

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


Source

 

 
This post appeared first on investingnews.com

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FinEx Metals Commences Drill Program At Ruoppa Gold Project

Investing 6 Mins Read

 

(TheNewswire)

 

 

 

 

Vancouver, British Columbia, August 5, 2025 TheNewswire – FinEx Metals Ltd. (TSX-V: FINX) (‘FinEx’ or the ‘Company’) is pleased to announce it has commenced diamond drilling on its 100% owned Ruoppa gold project, located in the Central Lapland Greenstone Belt of northern Finland.

 

  The initial drill campaign is expected to comprise approximately 2,500 metres of core drilling and is designed to test high-priority targets defined by earlier trenching and Top of Bedrock drilling.  Drilling will focus on the Ruoppa East area where a series of high-grade gold targets intermittently extend over approximately 2.7 km (Figure 1).  High-grade rock grab samples from trenches include 52 samples that returned values greater than 1 g/t Au with the highest value returning 95.1 g/t Au, within a broad zone of orogenic quartz veining extending over approximately 250 metres.  

 

  Tero Kosonen, Chairman and Chief Executive Officer of FinEx, comments:   ‘We are excited to commence our inaugural diamond drilling at Ruoppa, a significant milestone for FinEx.  The results from this program will greatly enhance our understanding of the project’s potential and help clarify the distribution and continuity of the gold-bearing veins at Ruoppa and within this highly prospective district.’  

 

    
Click Image To View Full Size  

 

  Figure 1. Map of Ruoppa project area showing a series of high-grade gold targets that intermittently extend over approximately 2.7 km, and location of first-pass drilling where high-grade rock grab samples from trenches include 52 samples that returned values greater than 1 g/t Au with the highest value returning 95.1 g/t Au, within a broad zone of orogenic quartz veining extending over approximately 250 metres.  

 

    
Click Image To View Full Size  

 

  Figure 2. First drill hole commences at Ruoppa gold project.  

 

  About the Ruoppa Project  

 

  The Company’s flagship Ruoppa project is situated in the Central Lapland Greenstone Belt in Finland, adjoining Agnico Eagle’s Kittilä mine land position, the largest gold mine in Europe, and in proximity to the land position that hosts Rupert Resources’ recent Ikkari discovery.  Previous work by FinEx identified a series of high-grade gold targets that extend over approximately 2.7 km.  High-grade rock grab samples from trenches include 52 samples above 1 g/t Au with the highest value measuring 95.1 g/t Au, within a zone extending over 250 m.  Ruoppa is fully permitted for drilling and a first-pass diamond drill program commenced in August 2025. For more information on the Ruoppa project, refer to the NI 43-101 Technical Report dated April 14, 2025, as filed on SEDAR+ at     www.sedarplus.ca.    

 

  About FinEx Metals Ltd.  

 

  FinEx Metals Ltd. (TSX-V: FINX) is a gold-focused mineral exploration company with a portfolio of 100% owned, royalty free projects near existing mining operations in the Central Lapland Greenstone Belt in Finland.  

 

  For more information, please visit the Company’s website at     www.finexmetals.net.    

 

  FinEx Metals is part of the NewQuest Capital Group, a discovery-driven investment group that builds value through the incubation and financing of mineral projects and companies. Further information about NewQuest can be found on the company website at     www.nqcapitalgroup.com.    

 

  Qualified Person  

 

  The scientific and technical information contained in this news release has been reviewed and approved by Dr. Petri Peltonen, MAusIMM(CP), EurGeol, a ‘Qualified Person’ (‘QP’) as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Dr. Peltonen is not independent by reason of being a Contractor and Shareholder of the Company.  

 

  On Behalf of the Board of Directors  

 

  Tero Kosonen  

 

  Chairman and Chief Executive Officer  

 

  +1 (604) 681-9100  

 

    tero@finexmetals.net    

 

  For further information, please contact:  

 

  Brennan Zerb  

 

  Investor Relations Manager  

 

  +1 (778) 867-5016  

 

    mailto:bzerb@nqcapitalgroup.com    

 

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

 

  Forward-Looking Statements:  

 

    This news release includes certain forward-looking statements and forward-looking information (collectively, ‘forward-looking statements’) within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein including, without limitation, statements regarding the proposed listing on the TSX Venture Exchange, future capital expenditures, exploration activities and the specifications, targets, results, analyses, interpretations, benefits, costs and timing of them, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Often, but not always, forward looking information can be identified by words such as ‘pro forma’, ‘plans’, ‘expects’, ‘may’, ‘should’, ‘budget’, ‘scheduled’, ‘estimates’, ‘forecasts’, ‘intends’, ‘anticipates’, ‘believes’, ‘potential’ or variations of such words including negative variations thereof, and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors include, among others, risks related to the anticipated business plans and timing of future activities of the Company, including the Company’s exploration plans and the proposed expenditures for exploration work thereon, the ability of the Company to obtain sufficient financing to fund its business activities and plans, the ability of the Company to obtain the required permits, changes in laws, regulations and policies affecting mining operations, the Company’s limited operating history, currency fluctuations, title disputes or claims, environmental issues and liabilities, as well as those factors discussed under the   heading ‘Risk Factors’ in the Company’s prospectus dated June 13, 2025 and other filings of the Company with the Canadian Securities Authorities, copies of which can be found under the Company’s profile on the SEDAR+ website at www.sedarplus.ca.  

 

  Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update any of the forward-looking statements, except as otherwise required by law.  

 

Copyright (c) 2025 TheNewswire – All rights reserved.

 

 

News Provided by TheNewsWire via QuoteMedia

This post appeared first on investingnews.com

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Sun Summit Provides Exploration Plan for Theory Project, in BC’s Toodoggone District

Investing 8 Mins Read

Sun Summit Minerals Corp. (TSXV: SMN,OTC:SMREF) (OTCQB: SMREF) (‘Sun Summit’ or the ‘Company’) is pleased to provide an overview of its upcoming exploration program at the Theory Project, Toodoggone Mining District, north-central British Columbia (the ‘Theory Project’).

The Theory Project borders Thesis Gold’s Ranch Project to the north and is located within 10 km to the northwest of Sun Summit’s JD Project. Sun Summit signed an option agreement (the ‘Option Agreement‘) with Eagle Plains Resources Ltd. to earn up to a 100% interest in 10,000 hectares of mineral claims in the highly prospective Toodoggone Mining District, British Columbia (for additional details, refer to the news release of the Company dated March 17, 2025).

‘It is exciting to embark on our first exploration season at the Theory Project. In recent days we have had a chance to visit potential targets of interest on the Theory Project and we look forward to beginning the initial work towards defining drill targets,’ said Niel Marotta, CEO of Sun Summit Minerals. ‘The Theory Project is very close to our flagship JD Project and we expect to benefit from the growing enthusiasm around the work being completed in the Toodoggone region by Sun Summit as well as other exploration activities on neighbouring properties in the district.’

Theory Project Exploration Program

The primary exploration goals at the Theory Project are to identify future drill targets through the continued compilation of historical results, project-wide remote sensing data acquisition followed by a field program consisting of prospecting, geological mapping, and geochemical sampling.

As per the Option Agreement the work program will be managed by TerraLogic under the supervision of Eagle Plains as operator, and will include:

  • Continued detailed data compilation including rectification of extensive surface sampling, and reconnaissance mapping by Taiga between 1986 to 1989.
  • Acquisition of district- and property-scale remote sensing data: focusing on VNIR and SWIR bands used to identify mineral groups that are diagnostic of epithermal and porphyry deposit associated alteration.
  • A field program consisting of prospecting, detailed geological mapping, and rock, soil and silt geochemical sampling to assess the mineralization potential of the Theory Project.

Timeline: Exploration activities are anticipated to begin in late August and continue into September.

Figure 1. Map of the Toodoggone District showing the location of the Theory Project and JD Project in relation to other development and exploration projects. Data sourced from Thesis, TDG and Centerra’s corporate websites.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6142/261109_aa8ac4b424eddac7_001full.jpg

National Instrument 43-101 Disclosure and Disclaimer

This news release has been reviewed and approved by Sun Summit’s Vice President Exploration, Ken MacDonald, P. Geo., a ‘Qualified Person’ as defined in National Instrument 43-101 Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators. Some technical information contained in this release is historical in nature and has been compiled from public sources believed to be accurate. The historical technical information has not been verified by Sun Summit and may in some instances be unverifiable dependent on the existence of historical drill core and grab samples. Historical results are no indication of future results.

Community Engagement

Sun Summit is engaging with First Nations on whose territory our projects are located and is discussing their interests and identifying contract and work opportunities, as well as opportunities to support community initiatives. The Company looks forward to continuing to work with local and regional First Nations with ongoing exploration.

About the Theory Project

The Theory Project comprises 23 mineral claims covering 9,676 hectares. The project is located in north-central B.C. within the Toodoggone Mining District, and is in close proximity with Sun Summit’s JD Project. The project area shares similar geology to the JD Project and Thesis Gold’s Ranch-Lawyers Projects. The project is helicopter-accessible and recent road upgrades completed in 2023 by Thesis Gold has brought road access to within 8 kilometres of the southern boundary of the Theory Project.

Geology in the Theory region is primarily comprised of lower Jurassic Hazelton Group volcanics (Toodoggone Formation, same host rock as the JD Project) which unconformably overlie late Triassic Takla Group volcanics. The entire package of volcanic and volcaniclastic rocks is intruded by late Triassic and early Jurassic stocks. The Jurassic-Triassic unconformity (~200 Ma), termed by the B.C. Geological Survey as the ‘red-line’, is observed throughout the Golden Triangle and Toodoggone regions to have a high spatial correlation to many known mineral deposits. The majority of the property encompasses this highly prospective contact.

About the JD Project

The JD Project is located in the Toodoggone mining district in north-central British Columbia, a highly prospective deposit-rich mineral trend. The project covers an area of over 15,000 hectares and is in close proximity to active exploration and development projects, such as Thesis Gold’s Lawyers and Ranch projects, TDG Gold’s Baker-Shasta projects, Amarc Resources’ AuRORA project, Centerra Gold’s Kemess East and Underground projects, as well as the past-producing Kemess open pit copper-gold mine.

The project is 450 kilometres northwest of the city of Prince George, and 25 kilometres north of the Sturdee airstrip. It is proximal to existing infrastructure in place to support the past-producing Kemess mine, including roads and a hydroelectric power line.

The JD Project is in a favourable geological environment characterized by both high-grade epithermal gold and silver mineralization, as well as porphyry-related copper and gold mineralization. Some historical exploration, including drilling, geochemistry and geophysics, has been carried out on the property, however the project area is largely underexplored.

About Sun Summit

Sun Summit Minerals (TSXV: SMN,OTC:SMREF) (OTCQB: SMREF) is a mineral exploration company focused on the discovery, expansion and advancement of district scale gold and copper assets in British Columbia. The Company’s diverse portfolio includes the JD and Theory projects in the Toodoggone region of north-central B.C., and the Buck Project in central B.C.

Further details are available at www.sunsummitminerals.com.

Link to Figures

Figure 1: https://wp-sunsummitminerals-2024.s3.ca-central-1.amazonaws.com/media/2025/06/SMN_JD_Plans_20250618_Fig-1.jpg 

On behalf of the board of directors,

Niel Marotta
Chief Executive Officer & Director
info@sunsummitminerals.com 

For further information, contact:

Matthew Benedetto, Simone Capital
mbenedetto@simonecapital.ca 
Tel. 416-817-1226

Forward-Looking Information

Statements contained in this news release that are not historical facts may be forward-looking statements, which involve risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. In addition, the forward-looking statements require management to make assumptions and are subject to inherent risks and uncertainties. There is significant risk that the forward-looking statements will not prove to be accurate, that the management’s assumptions may not be correct and that actual results may differ materially from such forward-looking statements. Accordingly, readers should not place undue reliance on the forward-looking statements. Generally forward-looking statements can be identified by the use of terminology such as ‘anticipate’, ‘will’, ‘expect’, ‘may’, ‘continue’, ‘could’, ‘estimate’, ‘forecast’, ‘plan’, ‘potential’ and similar expressions. Forward-looking statements contained in this news release may include, but are not limited to the size and scope of the drill program at the JD Project and the Theory Project; the Company’s exploration plans and timing of said plans; how certain work is to be managed and what that work is to include; market and stakeholder reaction to certain works; and the potential for positive findings, if any, from the drill program. These forward-looking statements are based on a number of assumptions which may prove to be incorrect which, without limiting the generality of the following, include: the Company’s ability to complete the exploration plans as currently contemplated; risks inherent in exploration activities; the ability of the Company to find and verify any mineralization; volatility and sensitivity to market prices; fluctuations in metal prices. The forward-looking statements contained in this news release are made as of the date hereof or the dates specifically referenced in this news release, where applicable. Except as required by applicable securities laws and regulation, Sun Summit disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. All forward-looking statements contained in this news release are expressly qualified by this cautionary statement. Further details about the risks applicable to the Company are contained in the Company’s public filings available on SEDAR+ (www.sedarplus.ca), under the Company’s profile.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/261109

News Provided by Newsfile via QuoteMedia

This post appeared first on investingnews.com

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Politics

GOP memo preps House Republicans to tout Trump’s ‘big, beautiful bill’ as Dems go on offense

Politics 3 Mins Read

A new memo being sent to House Republicans on Monday is encouraging them to tout new work requirements for Medicaid and federal food benefits, as lawmakers return to their districts for Congress’ annual August recess period.

Democrats and Republicans are locked in a messaging war over President Donald Trump’s ‘big, beautiful bill,’ a fight that’s only expected to intensify as the 2026 midterm elections creep closer.

Advancing American Freedom (AAF), a group founded by former Vice President Mike Pence, is looking to provide backup to GOP lawmakers with new guidance on how to sell the bill to constituents.

The memo positions Democratic attacks as ‘Left Wing operatives…already working to distort and malign every part of the [one big, beautiful bill].’

Democrats have been accusing Republicans of ripping federal benefits like Medicaid away from millions of people in order to give tax breaks to the wealthy.

They’re hoping to gin up enough outrage against the bill to carry them to take back the House of Representatives next year.

But the memo’s first section encourages GOP lawmakers to point out that ‘every Democrat voted against’ the bill, followed by three of what the right sees as its strongest points.

The AAF memo urges Republicans to say, for example, that the bill’s extension of the 2017 Tax Cuts and Jobs Act (TCJA) avoided a cumulative $4 trillion tax increase for Americans, including ‘working families.’

The bill also includes ‘$165 billion to secure the border, including 3,000 new border patrol agents, $10,000 bonuses for ICE and Border Patrol agents, and $46.5 billion for the wall,’ and ‘$150 billion to rebuild our military including shipbuilding, nuclear arsenal, and the Golden Dome,’ which Democrats opposed as well in their votes against the bill.

In addition to more talking points celebrating the bill’s tax cuts, energy provisions, and spending cut measures, AAF appears to be calling on Republicans to take on Democrats’ criticism of federal benefit reforms head-on.

The memo touts ‘commonsense Medicaid reforms’ like ‘a work requirement for able-bodied adults who are not caretakers or parents of children under 15 years old in the Medicaid and SNAP programs.’

It also encourages Republicans to point out the bill ‘reduces payments for Medicaid to states that provide coverage to illegal aliens by a commensurate amount’ and ‘requires regular reviews to ensure that dead or ineligible people are not enrolled.’

AAF also believes the conservative policy wins in the bill will also be a strong talking point, urging GOP lawmakers to point out that the legislation effectively defunds Planned Parenthood for a year, establishes a new tax credit for school choice, and ‘disincentivizes gambling by letting gamblers only write off 90% of their losses.’

House Republicans working to sell the bill will have their work cut out for them over the next four weeks, however.

A recent Fox News poll conducted in mid-July found that 58% of registered voters disapproved of the ‘big, beautiful bill,’ compared to just 39% who supported it.

The gap between Republicans and Democrats is significant – 73% of registered Republican voters approved of the bill, compared to just 10% of Democrats. Independents opposed the bill by a margin of 29% to 70%.

But Democrats aren’t in the clear, either. A new poll released Monday by the Associated Press-NORC Center for Public Affairs Research shows that a significant number of Democratic Party voters see their party as ‘weak’ and ‘ineffective.’

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Cornyn takes swing at James, Schiff with new LETITIA Act targeting ‘crooked politicians’

Politics 3 Mins Read

A Senate Republican wants to crack down on public officials who use their position to grow their wealth.

Sen. John Cornyn, R-Texas, is set to introduce legislation that would create stiffer penalties for public officials who commit federal bank fraud, tax fraud, or loan or mortgage fraud. Cornyn’s bill comes on the heels of two such instances where top officials and lawmakers were hit with allegations of mortgage fraud.

Indeed, Cornyn’s Law Enforcement Tools to Interdict Troubling Investments in Abodes (LETITIA) Act is named for New York Attorney General Letitia James.

The Justice Department earlier this year opened an investigation into James, who successfully won a civil case last year against President Donald Trump and his Trump Organization over allegations of faulty business practices, for alleged mortgage fraud.

Federal Housing Finance Director Bill Pulte alleged in a letter that James could have engaged in mortgage fraud by making false or misleading statements on property records, like a loan application that said her property in Virginia is her primary residence, a building record stating her multifamily Brooklyn property incorrectly has five residences instead of four, and a mortgage application that falsely stated James was her father’s spouse.

‘This legislation would empower President Trump to hold crooked politicians like New York’s Letitia James accountable for defrauding their constituents, violating their oath of office, and breaking the law, and I’m proud to lead my Republican colleagues in introducing it,’ Cornyn said in a statement.

Fox News Digital reached out to James for comment but did not immediately hear back.

Cornyn’s bill also comes after his colleague Sen. Adam Schiff, D-Calif., was similarly hit with allegations of mortgage fraud.

In another letter to the Justice Department, Pulte charged that Schiff falsified bank documents and property records by listing homes in Maryland and California as his primary residence out of an effort to allegedly get more favorable loans.

Marisol Samayoa, a spokesperson for Schiff, said in a statement to Fox News Digital that both Trump and Pulte’s ‘false allegations are a transparent attempt to punish a perceived political foe who is committed to holding Trump to account.’

‘The facts here are simple: Senator Schiff and his wife accurately represented to their lenders that they would occupy and use the Maryland house they purchased in 2003 as a ‘principal residence,’ rather than a vacation home or an investment property,’ she said. ‘He also disclosed to his lenders – repeatedly – that he maintained another home in his district in California, where he lived when not in Washington, and which was also a principal residence, not a vacation home or an investment property.’ 

‘This was done in consultation with relevant House counsel. As was proper, he claimed only a single homestead tax exemption (from California) worth approximately $70 in annual savings,’ she continued.

The bill, which is so far co-sponsored by six Senate Republicans, would increase federal statutory maximum sentences and fines for public officials who abuse their offices and violate the public trust to commit bank fraud, loan or mortgage fraud, or tax fraud.

It would create new mandatory minimum sentences, including one year for bank fraud, one year for loan or mortgage fraud, and six months for tax fraud. And if a public official engages in a repeated pattern of offenses, minimum sentences increase to five years for bank or loan fraud and two years for tax fraud.

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