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Saga Metals Corp. (‘SAGA’ or the ‘Company’) (TSXV: SAGA) (OTCQB: SAGMF) (FSE: 20H) a North American exploration company focused on critical mineral discovery, is pleased to announce the completion of an initial petrographic petrological analysis and geophysical analysis, improving the geological understanding of the drill ready Radar Titanium-Vanadium (Ti-V) project in Labrador, Canada.

Michael Garagan, CGO & Director of Saga Metals Corp. comments: ‘This data couldn’t have come at a better time as we head into the mobilization of our maiden drill program at the Radar project. These magnetic inverse sections are going to help enormously in our drill targeting throughout the 2025 program. As you can see in Figure 3 below, the main anomalous zone is between 200-400 meters depth, but we can still see the high- grade potential in this model at 600+ meters below the surface. Ultimately the model is most accurate in the first 200 meters where the magnetics are still strong enough to give a robust signature. We know this system is vertical, so I would like to see the system remaining robust as we increase in depth. The projection of the model below 200-400 meters is encouraging because it’s based off the presence of magnetite, which we have picked up in our surveys. This interpretation suggests impressive width throughout the structure and our drill program will start to better define the nature of this zone. We now have a much better understanding of this Vanadium titanomagnetite structure and we are excited to build upon this knowledge as we continue our metallurgical analysis throughout drilling, keeping the economic viability of our projects at the forefront to ensure value creation for our shareholders.’

Radar Titanium & Vanadium Project – Labrador, Canada

The Radar Ti-V Property is located 10km south of Cartwright in Labrador, Canada. The project spans 17,250 hectares and benefits from road access, supporting efficient exploration and development.

Regional map of the Radar Ti-V project highlighting the Hawkeye, Trapper and third transitional zone and the projects proximity to the town of Cartwright, Labrador

Figure 1: Regional map of the Radar Ti-V project highlighting the Hawkeye, Trapper and third transitional zone and the projects proximity to the town of Cartwright, Labrador

The Hawkeye zone is the most prospective target on the property. Detailed geophysics and surface samples are suggestive of a complex and multi-phased layered mafic intrusion that may be upwards of 1km wide and 4km long. The geophysics completed show very detailed correlation to the rock samples and observed phase changes with the potential for multiple parallel systems.

Geophysics Completed with Inverse Interpretation:

Saga Metals has successfully completed a detailed magnetic and electromagnetic (EM) survey over the northwest section of the Hawkeye Zone at the Radar Project. Utilizing ground-based equipment on a tightly spaced grid, with 25 meters between stations and 50-meter line spacing, the survey delivered high-resolution magnetic and conductivity data. This effort has proven highly effective in mapping magnetite-rich zones within the Gabbro Norite host rock, a key indicator of titanium (TiO₂) and vanadium (V₂O₅) mineralization.

The magnetic survey was so successful that the high-resolution imagery combined with sample assays and field observations can be used to map some of the most distinguishing features of the system throughout this zone.

SAGA continued to update its geophysics with the magnetic inversions of the Hawkeye zone. Completed by Chris and David Mark of Geotronics, the magnetic inversions can project, with a high degree of certainty up to 400 meters in depth, what the mineralized magnetic body looks like beneath the surface.

Magnetic inversion of the Hawkeye zone looking north-northeast. Range of

Figure 2:   Magnetic inversion of the Hawkeye zone looking north-northeast. Range of > 0.02 susceptibility cut off.

Same magnetic inversion of the Hawkeye zone looking east at profile cross section with

Figure 3:   Same magnetic inversion of the Hawkeye zone looking east at profile cross section with > 0.02 susceptibility cut off.

Petrographic Analysis at the Radar Ti-V Project:

Recent petrographic work completed by Dr. Al Miller on rock samples from the Hawkeye zone have increased our understanding of the mineralogical host of Titanium and Vanadium mineralization at the Radar project. This sets the foundation for the metallurgical work the team hopes to be able to build on during the 2025 drill programs.

First look at the petrography of the Hawkeye zone reveals more than one composition of magnetite; evidence which contributes to the hypothesis of multiphase mineralization events. Additionally, petrographic evidence reveals that much of the titanium and vanadium mineralization occurs within magnetite with a lack of ilmenite in many of the layers. This is key to understanding how these elements are locked up together and ultimately how they’ll separate during extraction. These layers have assayed high TiO2% and V2O5% leading to the use of Vanadium Titanomagnetite (VTM) classification of several mineralized layers of the Hawkeye zone. Ilmenite with exsolution lamellae of the magnetite was observed but only in a few cases. This has contributed to what can be called differential compositional layering and multiple mineralization magmatic layering events.

Michael Garagan, CGO & Director of Saga Metals Corp. stated: ‘The results of the work completed to date suggests that there were several pulses of magma and multiple phases of deposition. Magnetite was the dominant mineral in the identified layers but differs slightly, representing a different genesis. The observed differences show multiple phases of titanium and vanadium locked up in the magnetite. One phase shows magnetite with minor amounts of ilmenite, which likely formed at its own chemical expense and likely taking Ti and V to form that mineral. The second phase has no ilmenite present and can be called Titanomagnetite. These different magnetite phases can be found in very different layers from each other. This suggests a mineralizing system that was active for a long period of time and the possibility of more mineralization over a broader area.’

Petrography of Hawkeye zone shows significant magnetite (Mt) mineralization with a Hornblende (Hb), Diopside/ Orthopyroxene (Di) and Plagioclase groundmass

Figure 4 : Petrography of Hawkeye zone shows significant magnetite (Mt) mineralization with a Hornblende (Hb), Diopside/ Orthopyroxene (Di) and Plagioclase groundmass.

VTM’s are a mineralization style that has not received much attention in North America but is a pivotal piece of China’s iron, titanium and vanadium mining and production industry.

‘Vanadium titanomagnetite (VTM), which contains valuable elements such as iron, vanadium, and titanium, has an extremely high potential value. VTM resources in the PanXi regions of China are estimated at up to 10 Gt (billion tons), and account for 93% and 63% of the country’s titanium and vanadium resources respectively. The exploitation of VTMs has thus received much attention.

Traditionally VTM have been considered difficult to treat and separate metallurgically but due to their importance within countries like China, new research and separation methods are proving that this is no longer the case. Recent efforts of VTM recovery methods succeeded in achieving: Recoveries of up to 80.08% for titanium, 95.07% for iron, and 71.60% for vanadium were achieved.’ (Barksdale, 1966; Chen et al., 2011)

Michael Garagan, CGO & Director of Saga Metals Corp. comments : ‘These results are very promising for the future of the Radar project. To expedite the economic viability of multiple projects within our portfolio we felt it necessary to begin this mineralogical and early metallurgical work. Encouragingly, these results are exactly what we hoped to see from the rock as they highlight a favourable mineralogical genesis for a competitive Vanadium Titanomagnetite deposit.’

Petrography of Hawkeye zone shows significant magnetite (Mt) mineralization with weathered Pyrrhotite (Po) crystals

Figure 5:   Petrography of Hawkeye zone shows significant magnetite (Mt) mineralization with weathered Pyrrhotite (Po) crystals

Petrographic work and analysis completed by Dr. Al Miller:

With an Honours B.Sc. and Ph.D., Dr. Miller brings over 25 years of consultancy experience in mineral deposits and previously worked for 25 years with the Geological Survey of Canada, where he specialized in large-scale mapping and deposit evaluation. His expertise covers a wide range of minerals, including uranium, gold, nickel-copper-platinum group elements (Ni-Cu-PGE), and copper-gold porphyry. He has also contributed to global exploration efforts across Canada, the Americas, China, and Russia. With numerous publications to his name, his extensive industry experience includes roles as a Director, Chief Geologist, VP of Exploration, and Head of Technical Teams for several exploration companies.

Market opportunity for Titanium and Vanadium:

‘As of June 2023, the market value of titanium was projected to grow to nearly 31 billion U.S. dollars. The titanium market size is forecast to grow over the coming years, to nearly 52 billion U.S. dollars in 2030.’ ( M. Jaganmohan , 2025).

‘The global vanadium market size was valued at USD 4.28 billion in 2023 and is projected to grow from USD 3.46 billion in 2024 to USD 4.89 billion by 2032, exhibiting a CAGR of 4.4% during the forecast period. Asia Pacific dominated the vanadium market with a market share of 72.9% in 2023.’ ( Fortune Business , 2024)

Drilling Upcoming at the Radar Titanium & Vanadium Project:

The Company has received drill permits from the Newfoundland & Labrador government to commence drilling at Radar Titanium-Vanadium (Ti-V) project.

Highlights heading into the drilling programs include:

  • Maiden Drill Programs: Drilling is scheduled to commence in Q1 2025 with a minimum 1,500m program at the Radar Ti-V Project.
  • Radar Ti-V Drilling Location: The Hawkeye zone is the most advanced zone with both surface samples and detailed geophysics creating clear drill targets.
  • Radar’s Hawkeye Zone Potential: Assays have returned consistent values between 2.5 – 11.1% TiO2 and 0.2 – 0.66% V2O5 , confirming the presence of high-grade titanium & vanadium across a potential 1km wide and 4km long and through recent geophysics the system is suggestive of being open at depth beyond 600m.

About Saga Metals Corp.

Saga Metals Corp. is a North American mining company focused on the exploration and discovery of critical minerals that support the global transition to green energy. The company’s flagship asset, the Double Mer Uranium Project, is located in Labrador, Canada, covering 25,600 hectares. This project features uranium radiometrics that highlight an 18-kilometer east-west trend, with a confirmed 14-kilometer section producing samples as high as 0.4281% U 3 O 8 and spectrometer readings of 22,000cps.

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

SAGA also holds secondary exploration assets in Labrador, where the company is focused on the discovery of titanium, vanadium, and iron ore. With a portfolio that spans key minerals crucial to the green energy transition, SAGA is strategically positioned to play an essential role in the clean energy future.

For more information, contact:
Saga Metals Corp.
Investor Relations
Tel: +1 (778) 930-1321
Email: info@sagametals.com
www.sagametals.com

Qualified Person

Peter Webster P.Geo. CEO of Mercator Geological Services Limited is an Independent Qualified Person as defined under National Instrument 43-101 and has reviewed and approved the technical information related to the Radar Ti-V Project disclosed in this news release.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this release. Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Disclaimer

This news release contains forward-looking statements within the meaning of applicable securities laws that are not historical facts. Forward-looking statements are often identified by terms such as ‘will’, ‘may’, ‘should’, ‘anticipates’, ‘expects’, ‘believes’, and similar expressions or the negative of these words or other comparable terminology. All statements other than statements of historical fact, included in this release are forward-looking statements that involve risks and uncertainties. In particular, this news release contains forward-looking information pertaining to the Company’s petrographic and geophysics results as well as plans and objectives in respect of the planned drill programs. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, environmental risks, limitations on insurance coverage, risks and uncertainties involved in the mineral exploration and development industry, and the risks detailed in the Company’s final prospectus in Manitoba and amended and restated final prospectus for British Columbia, Alberta and Ontario dated August 30, 2024, filed under its SEDAR+ profile at www.sedarplus.ca, and in the continuous disclosure filings made by the Company with securities regulations from time to time. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements only as expressly required by applicable law.

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/54dc438a-fb0e-4339-94fc-d248afe5cabe

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Republicans will hold confirmation hearings this week for more than a dozen high-profile administration picks for President-elect Trump’s next term, including those for Pete Hegseth, Sen. Marco Rubio, R-Fla., and Gov. Kristi Noem, R-S.D.

Hegseth, Trump’s Secretary of Defense pick, will have one of the first hearings on Tuesday, when he will go before the Senate Armed Services Committee at 9:30 a.m. and face questions from both Democrats and Republicans. 

Rubio and Noem were tapped by Trump to be his Secretaries of State and Homeland Security, respectively. Noem will appear before the Senate Committee on Homeland Security and Governmental Affairs on Wednesday at 9 a.m., while Rubio is set to face the Senate Committee on Foreign Relations at 10 a.m. 

Other Tuesday hearings include those for Doug Collins to serve as Secretary of Veterans Affairs and former North Dakota Gov. Doug Burgum for Secretary of the Interior. 

Trump also chose Pam Bondi for attorney general, John Ratcliffe to direct the Central Intelligence Agency (CIA), Russell Vought to lead the Office of Management and Budget (OMB), Sean Duffy for Secretary of Transportation and Chris Wright to be Secretary of Energy. Hearings for each of them will be on Wednesday. 

Eric Turner, who Trump tapped to be his next Secretary of Housing and Urban Development (HUD), and Scott Bessent, whom the president-elect announced as his pick to lead the Treasury Department, have hearings scheduled for Thursday. 

The hearing blitz comes as Republicans prepare to confirm as many Trump nominees as they can, as quickly as they can. 

Sen. Rand Paul, R-Ky., explained his hope to confirm his choices promptly, on ‘Maria Bartiromo’s Wall Street’ on Friday, saying, ‘In the past, the minority party has not obstructed at least a handful of high-ranking Cabinet members to be approved in the first week. So I’m hopeful that Secretary of State, as well as Department of Homeland Security, will be approved either on the day of the inauguration, the day after or that week, as well as a few others — Department of Defense.’

‘So, I’m hoping we get to it quickly and that we don’t muddle it around. And I still have my fingers crossed that that’s going to happen. As far as the two that I’m in charge of, I’ve seen no resistance on the Republican side. And some indication that we may get some Democrat support as well,’ he added. 

Republicans are particularly motivated to confirm Trump’s national security team, especially in the wake of a recent terror attack in New Orleans, Louisiana, in which 14 were killed, and 35 people were injured. 

This post appeared first on FOX NEWS

South Korea looks set for a dramatic political showdown this week as impeachment proceedings kick off against suspended President Yoon Suk Yeol, who remains holed up in his fortified residence evading arrest for a separate criminal investigation.

The embattled leader’s short-lived declaration of martial law in December triggered widespread public outrage and protests, and plunged the country into its biggest political crisis in decades.

For weeks, Yoon has barricaded himself in his hillside compound in the capital Seoul, surrounded by his Presidential Security Service (PSS) team, while outside the gates hundreds of his die-hard conservative supporters have vowed to protect him.

Yoon has indicated through his lawyer that he will not attend the first formal hearing in his impeachment trial on Tuesday, citing safety concerns relating to efforts to detain him for questioning, according to South Korea’s Yonhap News Agency.

The former prosecutor-turned-politician was stripped of his presidential powers last month after his declaration of martial law, and is wanted for questioning in multiple investigations, including allegations he led an insurrection – a crime punishable by life imprisonment or even the death penalty.

Yoon maintains he acted legitimately in declaring martial law and considers the warrant “illegal and invalid.” He has told his supporters that he will “fight until the end.”

Supporters are concerned Yoon will be detained if he leaves his residence to attend the impeachment hearings. Rival protesters have also braved cold conditions to call for his arrest.

Corruption investigators are determined to execute the arrest warrant against Yoon – the first time such action has been taken against a sitting president.

Tensions exploded earlier this month when investigators attempted to detain Yoon at his residence, resulting in a dramatic hours-long standoff between dozens of police and a “human wall” of around 200 soldiers and members of the presidential security detail.

The arrest attempt was later called off with investigators citing the safety of the people on the ground, though the arrest warrant was extended.

Yoon has also filed legal complaints against those who tried to arrest him including the head of the state anti-corruption agency.

Political fate in hands of top court

Yoon swiftly rescinded his late-night martial law declaration on December 3, after lawmakers pushed past security forces blocking their way into parliament and voted down the decree.

The National Assembly then voted to impeach Yoon after several members of his own ruling party turned on him. Parliament also voted to impeach the country’s prime minister and acting president Han Duck-soo. The finance minister, Choi Sang-mok, is now acting president.

The country’s Constitutional Court has the ultimate say over Yoon and Han’s political fate, and will determine whether they will be formally removed from their positions or reinstated.

Oral arguments for Yoon’s trial start Tuesday, with five sessions scheduled until February 4. If Yoon fails to appear on Tuesday, a second hearing will proceed on Thursday, with or without him in attendance.

The court has up to 180 days to decide whether to uphold or reject the impeachment vote, and vowed to make the case a “top priority.”

Complicating the court’s deliberations is that the nine-member court currently only has eight justices, due to a delay in filling vacancies left by retired justices.

Acting President Choi recently filled two out of three vacancies on the court appointed by the parliament, and the remaining position will be reviewed by the court later this month.

Under South Korea’s constitution, at least six justices must approve an impeachment for it to be upheld.

If the Constitutional Court upholds Yoon’s impeachment, he would become the shortest-serving president in South Korea’s democratic history. The country must then hold new presidential elections within 60 days.

Criminal investigations

While Yoon has been suspended from exercising his powers, he has not been officially removed from office. That means he still has presidential immunity from most criminal charges – except for insurrection or treason.

South Korea’s police, military, and anti-corruption body have formed a joint investigation team to examine the charges of insurrection and abuse of power against Yoon. Meanwhile, prosecutors are investigating key figures involved in the martial law operation, including commanders and the defense minister.

Yoon has refused to answer three summonses in recent weeks asking for his cooperation, according to the Corruption Investigation Office for High-ranking Officials (CIO.)

Meanwhile, corruption investigators appear to be pushing ahead with their second attempt to arrest the suspended president.

On Sunday, the CIO said it had asked the Defense Ministry and presidential security team for cooperation with enforcing the arrest and search warrant against Yoon.

Much of the spotlight has fallen on the presidential security team, the PSS, which has been accused of acting like Yoon’s personal bodyguards. Previously, the CIO said “it is virtually impossible to execute a warrant” at Yoon’s residence while security there remains in place.

The CIO on Sunday asked the country’s defense ministry to ensure soldiers dispatched to the security team protecting Yoon do not disrupt efforts to arrest him.

It also said the security team should avoid an “illegal act” such as mobilizing security personnel for jobs outside of their duties, and warned that disruption could result in criminal punishment.

There is also some confusion as to which agency has jurisdiction to carry out the arrest warrant. Yoon’s lawyers on Monday accused the police of being complicit in an “illegal arrest and abuse of power,” and that “any evidence obtained through such actions would be deemed illegal.”

Yoon’s lawyers argue the warrant should be executed by the CIO, not the police. South Korean law, however, states that police are authorized to assist other authorities in carrying out public duties.

On Friday, the head of Yoon’s PSS, Park Chong-jun, submitted his resignation before undergoing police questioning over his role in blocking Yoon’s arrest, according to the security team.

Once the warrant has been enforced, it starts a 48-hour countdown for investigators to hold and question Yoon. The CIO would need to apply for another warrant within that period to formally arrest him.

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(AP) — An emergency task force arrived in Russia’s southern Krasnodar region on Sunday as an oil spill in the Kerch Strait from two storm-stricken tankers continues to spread a month after it was first detected, officials said.

The task force, which includes Emergency Situations Minister Alexander Kurenkov, was set up after Russian President Vladimir Putin on Friday called on authorities to ramp up the response to the spill, calling it “one of the most serious environmental challenges we have faced in recent years.”

Kurenkov said that “the most difficult situation” had developed near the port of Taman in the Krasnodar region, where fuel oil continues to leak into the sea from the damaged part of the Volgoneft-239 tanker.

Kurenkov was quoted as saying by Russian state news agency RIA Novosti that the remaining oil will be pumped out of the tanker’s stern.

The Emergencies Ministry said Saturday that over 155,000 tons of contaminated sand and soil had been collected since oil spilled out of two tankers during a storm four weeks ago in the Kerch Strait, which separates the Russia-occupied Crimean Peninsula from the Krasnodar region.

Russian-installed officials in Ukraine’s partially Russian-occupied Zaporizhzhia region said Saturday that the mazut — a heavy, low-quality oil product — had reached the Berdyansk Spit, some 145 kilometers (90 miles) north of the Kerch Strait. It contaminated an area 14.5 kilometers (9 miles) long, Moscow-installed Gov. Yevgeny Balitsky wrote on Telegram.

Russian-appointed officials in Moscow-occupied Crimea announced a regional emergency last weekend after oil was detected on the shores of Sevastopol, the peninsula’s largest city, about 250 kilometers (155 miles) from the Kerch Strait.

In response to Putin’s call for action, Ukraine’s Foreign Ministry spokesman Heorhii Tykhyi accused Russia of “beginning to demonstrate its alleged ‘concern’ only after the scale of the disaster became too obvious to conceal its terrible consequences.”

“Russia’s practice of first ignoring the problem, then admitting its inability to solve it, and ultimately leaving the entire Black Sea region alone with the consequences is yet another proof of its international irresponsibility,” Tykhyi said Friday.

The Kerch Strait is an important global shipping route, providing passage from the inland Sea of Azov to the Black Sea. It has also been a key point of conflict between Russia and Ukraine after Moscow annexed the peninsula in 2014.

In 2016, Ukraine took Moscow to the Permanent Court of Arbitration, where it accused Russia of trying to seize control of the area illegally. In 2021, Russia closed the strait for several months.

Mykhailo Podolyak, an adviser to the head of Ukrainian President Volodymyr Zelensky’s office, described the oil spill last month as a “large-scale environmental disaster” and called for additional sanctions on Russian tankers.

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Islamabad, Pakistan (Reuters) — Nobel Peace Prize winner Malala Yousafzai urged Muslim leaders on Sunday to back efforts to make gender apartheid a crime under international law, and called on them to speak out against Afghanistan’s Taliban over its treatment of women and girls.

At a summit on girls’ education in Muslim communities attended by international leaders and scholars in her home country of Pakistan, Yousafzai said Muslim voices must lead the way against the policies of the Taliban, who have barred teenage girls from school and women from universities.

“In Afghanistan an entire generation of girls will be robbed of its future,” she said in a speech in Islamabad. “As Muslim leaders, now is the time to raise your voice, use your power.”

The Taliban say they respect women’s rights in accordance with their interpretation of Afghan culture and Islamic law. Taliban administration spokespeople did not immediately respond to a request for comment on Yousafzai’s statements.

No foreign government has formally recognized the Taliban since it took over Afghanistan in 2021 and diplomats have said steps towards recognition require a change of course on women’s rights.

Yousafzai survived being shot in the head when she was 15 in Pakistan by a gunman after campaigning against the Pakistani Taliban’s moves to deny girls an education.

The summit, organised by the Organization of Islamic Cooperation (OIC) and the Muslim World League, included dozens of ministers and scholars from Muslim-majority countries.

Yousafzai asked the scholars to “openly challenge and denounce the Taliban’s oppressive laws” and for political leaders to support the addition of gender apartheid to crimes against humanity under international criminal law.

The summit was hosted by Pakistan, which has had frosty relations with the Afghan Taliban in recent months over accusations that militants are using Afghan soil to launch attacks on Pakistan, a charge the Taliban deny.

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With just a week before Donald Trump re-enters the White House, Ukraine is bracing for some tough choices in the coming months. Its troops are on the backfoot against Russia along several parts of the long frontline, it is short of experienced soldiers and doubtful that military aid will continue to arrive at anything like the current rate.

In Kyiv, the government waits and watches the signals from Moscow and Washington and reiterates almost daily its desire for a “just peace.” Any thought of recovering the territory seized by Russia is on indefinite hold.

Despite taking heavy losses, Russian forces continue to push forward remorselessly in Donetsk region, one of four that Moscow has illegally annexed and is seeking to fully occupy. Their daily gains are measured in fields and streets as they creep towards the industrial belt of the region.

According to open source analysts WarMapper, Russia is occupying just over 18% of Ukraine – including Crimea and the areas of Donetsk and Luhansk that it had taken before 2022. Russian forces had taken some 150 square miles (400 square kilometers) in December.

Ukrainian units are vastly outnumbered in the east. One commander said this week that small groups of Russian infantry were conducting assaults from multiple directions at once, making it difficult for Ukrainian forces to concentrate fire.

“While the correlation of forces with respect to tactical fires, drones, and long-range strike appears to not be favoring either side to a significant extent, manpower remains the key differentiator between Russia and Ukraine,” says Mick Ryan, who writes the blog Futura Doctrina.

Russian units are now 3 miles (5 kilometers) from the hub of Pokrovsk and have taken control of Kurakhove and part of the town of Toretsk, according to geolocated video.

The commander of one Ukrainian battalion near Pokrovsk said Russian forces there had intensified shelling and glide-bomb strikes.

Military spokesman Viktor Tregubov told Ukrainian television that fighting continued around Kurakhove and troops were holding out at the power plant, “so we cannot say that Russian troops have taken the town completely. But, of course, most of the town has been reduced to rubble.”

The Russian “model of simple attrition is unchanged. The enemy inevitably wears down before the Russian steamroller wears down,” as analysts Keith D. Dickson and Yurij Holowinsky put it.

The goal for Kyiv is to defend what it still holds. Ukrainian Defense Minister Rustem Umerov said at a meeting with allies – the Ukraine Defense Contact Group – in Germany last week that Ukraine’s priorities this year would be stabilizing the front line and strengthening its defense capabilities.

Contact Group members have committed more than $126 billion in security assistance to Ukraine over the past three years. Partners pledged further aid in Germany this week, including 30,000 drones over the next year and more air defense systems.

US Defense Secretary Lloyd Austin said Friday that the coalition “must continue to stand foursquare with Ukraine — and to strengthen Ukraine’s hand for the negotiations that will someday bring Putin’s monstrous war to a close.”

It’s the “someday” that is the burning question. Austin said of the incoming Trump administration: “I won’t speculate on which direction they would go in.”

German Defense Minister Boris Pistorius even suggested the incoming US administration might discontinue the Contact Group meetings, saying that if so “it will need to continue in another form.”

Negotiations on ending the conflict seem unlikely at present.

“The reason is simple. Moscow is not ready for any compromises. It plays for victory, not a draw,” says Arkady Moshes, writing in 19FortyFive.

“Success can be achieved on the battlefield or at the negotiating table, but it must be unquestionable. In Putin’s view, Ukraine needs to be defeated, and the West has to admit Ukraine’s – and its own – defeat publicly,” Moshes adds.

Potential peace talks

Trump’s Ukraine envoy, former US general Keith Kellogg, said last week that he hoped to be able to come up with a solid and sustainable solution to the conflict within 100 days. Trump himself had said on the campaign trail that he would get the fighting stopped within 24 hours of taking office, but when asked more recently how soon he could end the conflict said: “I hope to have six months. No, I would think, I hope long before six months.”

How the Kremlin’s unchanged goals square with the incoming Trump administration’s plans is unclear.

Ryan, the Futura Doctrina blogger, believes Putin “is likely to ensure that no matter what, the 100-day objective fails. He has no compelling reason to come to the table right now, thinking he has the momentum in this war.”

Ukrainian President Volodymyr Zelensky has given little indication of the parameters that would be acceptable to Ukraine. He said Friday: “We will undoubtedly stand firm and achieve a lasting peace for our people and our country.”

His priority is to make Ukraine’s case to Trump directly. Foreign Ministry spokesman Heorhii Tykhyi on the same day said Ukraine was preparing for talks at “the highest levels.”

“Our stance is clear: everyone in Ukraine wants to end the war on terms that are fair to Ukraine.”

At the heart of any settlement for Kyiv would be short-term guarantees that a ceasefire could be monitored and longer-term guarantees for Ukraine that would deter Putin from using a ceasefire to re-group and renew hostilities.

That must include “significant investment in airpower, ballistic missile defense, a fully equipped, NATO standard heavy division,” say Dickson and Holowinsky. Meanwhile, they add: “Zelensky must take a strategic long view understanding that the lost territories in reality represent a gangrenous limb that must be cut off to save the healthy body.”

At an absolute minimum Moscow will demand that Ukraine cedes the territory it has lost and abandon its drive to join NATO, which Trump believes was a provocation to Russia.

Instead, Kyiv would have to negotiate other guarantees, as Zelensky said in an interview on Italian television this past week, that would “prevent Russia from returning with aggression.”

But the Kremlin is likely to demand much more.

Kyiv is “expected to accept extensive limitations on the size of its armed forces and on the kinds of weapons systems it is allowed to possess. These proposals are not a recipe for a sustainable settlement,” according to the Atlantic Council’s Serhii Kuzan.

Moscow has shown no sign of abandoning its maximalist demand for the totality of all four regions it claims to have annexed. “This would mean handing over large amounts of unoccupied Ukrainian territory including the city of Zaporizhzhia with a population of around three quarters of a million people,” notes Kuzan.

For now, both the White House and many commentators see no desire by either side to begin talks. “There is no expectation now that either side is ready for negotiations,” US National Security spokesman John Kirby said in recent days.

While both the Kremlin and Trump have expressed readiness for a summit, premature efforts to advance negotiations on the Ukraine conflict could backfire, according to Russian commentator Giorgy Bovt.

“If the meeting is held prematurely, when the conditions for peace are not yet ripe, it will do more harm than good. It could lead to an even greater escalation. At the same time, both warring sides are still betting on the continuation of hostilities, not considering their forces exhausted,” he wrote on Telegram.

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Alberta Premier Danielle Smith and President-elect Trump met on Saturday and discussed the ‘mutual importance’ of a U.S.-Canadian energy relationship and the hundreds of thousands of American jobs supported through Albertan exports.

‘Over the last 24 hours I had the opportunity to meet President [Trump] at Mar-a-Lago last night and at his golf club this morning,’ Smith wrote in a post on X. ‘We had a friendly and constructive conversation during which I emphasized the mutual importance of the U.S. – Canadian energy relationship, and specifically, how hundreds of thousands of American jobs are supported by energy exports from Alberta.’

She continued, saying she had similar discussions with ‘several key allies’ of Trump’s incoming administration in which she became encouraged to hear about their support for ‘a strong energy and security relationship with Canada.’

‘On behalf of Albertans, I will continue to engage in constructive dialogue and diplomacy with the incoming administration and elected federal and state officials from both parties, and will do all I can to further Alberta’s and Canada’s interests,’ Smith said. ‘The United States and Canada are both proud and independent nations with one of the most important security alliances on earth and the largest economic partnership in history. We need to preserve our independence while we grow this critical partnership for the benefit of Canadians and Americans for generations to come.’

Smith posted about the meeting on X, nearly a week after Canadian Prime Minister Justin Trudeau announced his resignation amid growing pressure from within his own Liberal Party and heightened criticisms over his handling of the economy and threats levied by Trump.

However, as Trudeau announced on Monday his plan to resign as prime minister once the Liberal Party that he leads chooses his successor, the biggest pushback to Trump’s pitch to annex Canada – and his planned 25% tariffs on exports from the country – has come from the premier of Canada’s most populous province, Ontario.

Doug Ford, a former businessman and conservative who has served as Ontario’s 26th premier since 2018, told Fox News Digital in an interview that the president-elect’s targeting Canada is both ‘crazy’ and ‘ridiculous.’

He said the bilateral focus should be on ‘strengthening’ what the Canadian government calls a nearly trillion-dollar two-way trade relationship to ‘make the U.S. and Canada the richest and most prosperous jurisdiction in the world.’

The president-elect has been trolling Canada in recent weeks, floating the idea of it becoming the 51st state and posting a doctored photo of him standing beside a Canadian flag on top of a mountain.

Trump has also been pushing for Denmark to sell the North Atlantic island of Greenland to the U.S.

Fox News’ Christopher Guly contributed to this report.

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Sarama Resources Ltd. (“Sarama” or the “Company”) (ASX:SRR, TSX- V:SWA) is pleased to advise that it has executed a non-binding Heads of Agreement (the “HoA”) with Orbminco Limited (“Orbminco”) (ASX: OB1), an arm’s length third party, to acquire a majority(1) and controlling interest(1) in the under- explored, belt-scale 420km² Mt Venn Project (the “Project”)(2), located in the Eastern Goldfields of Western Australia.

This follows Sarama’s recent acquisition of a majority interest in the 580km² Cosmo Project, approximately 45km to the west of the Mt Venn Project. Both projects are well-positioned and underexplored, presenting an exciting opportunity for Sarama in the Laverton Gold District which is known for its prolific gold endowment (refer Figure 1).

Highlights

  • Non-binding Heads of Agreement executed for acquisition of 80% interest in belt-scale Mt Venn Project
  • Located in the prolific Laverton Gold District, 35km from the producing Gruyere Gold Mine and less than 20km from Gold Road’s Golden Highway Deposit
  • Project covers 420km² and features a favourable litho-structural setting, primarily in greenstone rocks
  • Includes regional shear zone of ~50km strike length and 1-3km width extending full length of greenstone belt
  • Advanced gold targets generated through historical exploration, including broad drill-defined gold mineralisation
  • Highly complementary to Sarama’s recently acquired, underexplored and prospective Cosmo Project
  • Creates 1,000km² exploration position in the Laverton Gold District, capturing 100km of strike length
  • Land access agreement with Traditional Owners in place for exploration
  • 100% scrip consideration with initial exploration funded by the November 2024 equity raise of A$2M

Sarama’s President, Executive Chairman, Andrew Dinning commented:

“We are very pleased to have reached agreement to acquire the Mt Venn Project and when completed, this acquisition will significantly consolidate our position in the prolific Laverton Gold District of Western Australia. The addition of this project creates a major 1,000km2 area-play which significantly enhances the probability of making the next big discovery in a region that continues to deliver new deposits in previously unexplored areas, including the regionally- significant Gruyere Deposit just 35km east of the Mt Venn Project. We look forward to working towards completing the transaction and will provide updates in due course.”

Mt Venn Project

The Project is comprised of 3 contiguous exploration tenements covering approximately 420km² in the Eastern Goldfields of Western Australia, approximately 110km north-east of Laverton and 35km west of the regionally- significant Gruyere Gold Mine(3). The Project is readily accessible via the Great Central Road which services the regional area east of Laverton.

The Project captures the majority of the underexplored Jutson Rocks Greenstone Belt over a strike length of ~50km. Rocks within the belt feature a diverse sequence of volcanic lithologies of varying composition, together with pyroclastics and metasediments. Several internal intrusive units have been identified throughout the Project and are commonly associated with local structural features. A regionally extensive shear zone, spanning 1-3km in width, extends the entire length of the belt with subordinate splays interpreted in the southern area of the Project which provides a favourable structural setting for mineralisation.

Gold mineralisation was first discovered in the 1920’s with sampling returning very high grades and prompting the commencement of small-scale mining operations in the mid 1920’s. Multiple gold occurrences have since been identified throughout the Project, demonstrating the prospectivity of the system. Despite the identification of several km-scale gold-in-soil anomalies by soil geochemistry and auger drilling, many of these targets are yet to be properly tested. Encouragingly, drilling by Cazaly Resources Limited (“Cazaly”) (ASX: CAZ) at the Project intersected broad, gold mineralisation over several fences in weathered and fresh rock at the Three Bears Prospect, presenting a priority target for exploration (Cazaly news release 27 February 2017: “Widespread Gold & Zinc Mineralisation Defined”).

In addition to the attractiveness of the Project for gold, it is considered prospective for base metals and platinum group elements. Historical exploration work including auger geochemistry and geophysical surveys identified several targets for copper, nickel and zinc mineralisation. Several of these targets remain untested due to historical funding and land access constraints. Exploration in the belt to the immediate south of the Project area is noted to have intersected copper mineralisation of significant grade over a significant strike length(4).

In summary, the Project is located within a prolific gold district and has a favourable lithological and structural setting. A solid database of base-level historical exploration work by previous operators, including generation of drill-ready targets, provides a good platform for Sarama to advance the Project in conjunction with its activities at the Cosmo Project. The size and prospectivity of the landholding that Sarama will have in the Laverton Gold District upon completion of this transaction significantly enhances the chances of making an economic discovery, particularly given the infrastructure and proliferation of mines in the region which will have a favourable impact on the size threshold for finding something of economic value.

Click here for the full ASX Release

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An Austrian woman has been kidnapped by gunmen in Niger’s Agadez city, local residents and the Austrian foreign ministry said on Sunday, the first time a European citizen is known to have been kidnapped in the conflict-hit West African nation since a military junta took power in 2023.

The ministry said Austria’s embassy in Algeria, which is also responsible for Niger, had been informed of the kidnap of an Austrian woman in Agadez and was in contact with regional authorities on the ground.

Residents and local media identified the victim as Eva Gretzmacher and reported she is an aid worker who has lived in Agadez – hundreds of kilometers (miles) away from the capital city of Niamey – for more than 20 years.

“(She) is well known for her social commitment (and) created a skills center in 2010 that initiated various projects, notably in the fields of education, women’s empowerment, ecology, culture and art,” the local Air Info Agadez reported.

Gretzmacher also supported education programs through her development work and provided assistance to local non-government organizations in various sectors, local media said.

No group claimed responsibility for her abduction and authorities in Niger did not immediately comment on the incident.

Niger has for many years battled a jihadi insurgency linked to al-Qaida and the Islamic State group, a security crisis that analysts say has worsened since the military toppled the country’s government in July 2023.

Despite their promise to restore peace in hot spots, the junta’s capacity to improve Niger’s security has increasingly been questioned amid increasing attacks.

Niger was seen as one of the last democratic countries in Africa’s Sahel region that Western nations could partner with to beat back the jihadi insurgency in the vast expanse below the Sahara Desert.

The country has severed decades-long military ties with the West and turned to Russia as a new security partner.

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