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The holiday season brings more than festive cheer, as for investors, it may signal the start of the so-called Santa Claus rally.

The Santa Claus rally is a period between the final trading days of December and the first days of January when stocks tend to climb. While this seasonal uptick isn’t guaranteed, historical data shows that markets rise more often than not during this window, driven by investor optimism, low trading volumes and year-end portfolio adjustments.

Historically, the last five trading days of December and the first two of January have been a period of above-average stock gains, offering a short, sharp rally for markets heading into the new year.

According to the Stock Trader’s Almanac, the Santa Claus rally has delivered an average gain of 1.3 percent for the S&P 500 (INDEXSP:.INX) since 1950. The phenomenon was first documented in 1972 by Yale Hirsch, founder of the Almanac, and continues to shape investor expectations today.

As for whether 2025 will deliver a Santa Claus rally to close out the year, after a choppy first half for December, markets have shown signs that a late-year recovery is possible.

When does the Santa Claus rally start?

The Santa Claus rally typically occurs over the final five trading days of December and the first two trading days of January. For 2025, the rally window begins on Wednesday, December 24, and runs through Monday, January 5, if historical patterns hold.

This narrow window often yields modest, yet consistent, returns for investors who time the market correctly.

While the rally’s timeframe is traditionally short, its effects can ripple through the market into early January. Essentially, a strong performance during this period can set the tone for January.

However, the exact timing of the Santa Claus rally can vary. Some analysts suggest that the rally has started earlier in recent years as investors attempt to front run the effect by increasing their positions in mid-December. This shift may blur the lines between the Santa Claus rally and broader December market upswings.

Will 2025 deliver a Santa Claus Rally?

This year, the S&P 500 fell during the middle of the month following a cooler-than-expected, albeit controversial, inflation report, which raised hopes for additional interest-rate cuts next year.

Despite this downturn, analysts note that a weak start to December has often failed to derail Santa’s run. Since 1950, the S&P 500 finished the Santa Claus rally period higher in 77 percent of years, even after early-month declines. By the end of the week, the index had already regained some ground, and it continued higher in the days leading up to Christmas.

“Barring any major shocks, it will be hard to fight the overwhelmingly positive seasonal period we are entering and the cleaner positioning set-up,” Goldman Sachs’ (NYSE:GS) trading desk team wrote in a note to clients, as reported by Bloomberg. ‘While we don’t necessarily see a dramatic rally, we do think there is room to go up from here into year end.”

Jeffrey Hirsch, editor-in-chief of the Stock Trader’s Almanac and Yale Hirsch’s son, also weighed in on the markets.

“It looks like (the Santa Claus rally) is set up and we can make another high by the end of the year,” he told MarketWatch. Hirsch cited cooler inflation readings and slower job growth in November, which may give the Federal Reserve room to cut interest rates in 2026.

It remains to be seen whether these predictions will come true, or if the market will be weighed down by factors including recent volatility in technology and artificial-intelligence-linked stocks.

Is the Santa Claus rally reliable?

Despite skepticism in some quarters, historical data supports the existence of the Santa Claus rally, and it is well documented.

Historically, the Santa Claus rally has been a relatively consistent period of gains. That said, historical patterns do not guarantee results, and not every year delivers the expected results. The S&P 500 lost about half a percentage point during the Santa rally period in 2024, and consecutive losses are rare but possible.

Columnist Mark Hulbert has expressed skepticism about the event in the past, noting that there is no definitive evidence that the market consistently outperforms during this period.

“An analysis of the past century reveals that the stock market in the weeks prior to Christmas is no more likely to rally than at other times of the year. (I suggest investors) ignore any arguments based on an alleged Santa Claus Rally,” Hulbert warned in an opinion piece posted on MarketWatch in 2018.

In 2019, for example, the market experienced volatility in December, defying the usual pattern.

In a December 2025 interview with CNBC, Jeffrey Hirsch cautioned that failure to rally is not an immediate bear-market signal, but rather “a flag to start looking at the other data — whether it’s seasonal indicators or other fundamental or technical measures.”

Despite the varying takes, many investors view the rally as a psychological phenomenon — one that influences market sentiment even if the returns are marginal.

Strategies for the Santa Claus rally

Now that the Santa Claus rally seems to be underway, investors interested in joining in have a variety of options, including domestic markets, international diversification or targeted sector plays such as mega-cap tech stocks.

As always, consulting with a financial advisor and conducting thorough research remains essential. While the Santa Claus rally offers potential rewards, market conditions can shift quickly, making flexibility and prudence key to success.

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

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It’s never a dull moment in Washington during the holiday season — with multiple holiday celebrations at the White House itself for lawmakers and Cabinet secretaries. 

The White House has hosted Christmas parties dating back to 1800 when President John Adams and first lady Abigail Adams hosted several government officials and their families to celebrate on behalf of their granddaughter, Susanna Boylston Adams, according to the White House Historical Association. 

Now, government officials make their rounds to celebrate the season — both in their official capacity serving the government and privately with their families.

For example, Secretary of State Marco Rubio and Treasury Secretary Scott Bessent attended the White House Congressional Ball in December. First lady Melania Trump hosted the annual event at the White House for Republican and Democratic members of Congress.

President Donald Trump indicated that other Cabinet members also attended, claiming that ‘we’ve got them all sort of here’ after singling out Rubio and Bessent. However, he refrained from identifying others because ‘they’re not names that are going to get huge applause from this very substantially Democrat audience.’ 

Secretary of War Pete Hegseth also kicked off the first Christmas worship service at the Pentagon, featuring American evangelist Franklin Graham, and musicians Anne Wilson and Matthew West. 

Additionally, Hegseth’s wife, Jen, hosted a Christmas Tea Party for Gold Star families at the Pentagon. A Gold Star family has experienced the loss of a family member during active-duty military service.

Outside of official events in Washington, the secretaries and their families enjoy their own holiday traditions as well. The White House shared a video on Dec. 13 detailing how the secretaries and their families celebrate, with activities ranging from baking to holding a talent show. 

Jeanette Rubio, who is married to the secretary of state, said their family attends midnight Mass together on Christmas Day. The couple shares four children. 

‘We, as a family, we go to midnight Mass, that’s something that’s very important to us,’ Rubio said in the video. ‘We celebrate it together, because we want to keep what the purpose of Christmas is.’

Allison Lutnick, who is married to Secretary of Commerce Howard Lutnick, said their favorite way to celebrate the holidays is lighting Hanukkah candles with their four children. 

‘My favorite holiday tradition is lighting Hanukkah candles with my children,’ Lutnick said in the video. ‘They’re approaching 30 now, so we don’t do chocolate dreidels or eight nights of gifts anymore though.’ 

Kathryn Burgum, the wife of Secretary of the Interior Doug Burgum, said their family celebrates Christmas by making a Norwegian flatbread called lefse.

‘Our favorite holiday tradition is making lefse,’ Burgum said in the video. ‘And some people don’t have any idea what that is, but that’s actually a Norwegian flatbread that’s a tradition around the holidays.’ 

Cheryl Hines, who is married to Health and Human Services Secretary Robert F. Kennedy Jr., said their family is large, which makes the holiday season extra fun. 

‘We like to have a talent show,’ Hines said in the video. ‘Not everybody is as talented as they wish they were, but that doesn’t stop us from singing at the top of our lungs or doing some crazy dance. We always have a really good time together.’

Lisa Collins, who is married to Secretary of Veterans Affairs Doug Collins, said their family enjoys decorating their Christmas tree with ornaments they’ve collected for nearly 40 years. 

‘Our favorite holiday tradition is collecting Christmas ornaments, everywhere we’ve been in 37 years,’ Collins said in the video. ‘[We] have a special tree for those places, and they’re all dated as a remembrance of where we’ve been, and how far we’ve come.’ 

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Altius Minerals (TSX:ALS,OTCQX:ATUSF) is making a bet on a lithium market recovery, agreeing to acquire Lithium Royalty (TSX:LIRC) in a C$520 million deal that will expand its exposure to battery metals.

Under a definitive agreement announced by the two companies on Monday (December 22), Altius plans to purchase all of the issued common and convertible common shares of Lithium Royalty for C$9.50 each.

The amount will be paid as either C$9.50 in cash or 0.24 of a common Altius share, according to shareholders’ election.

For Altius, the acquisition will allow it to bring a portfolio of 37 lithium royalties into its fold. None of them involve streams, and they span projects from production through early exploration.

Four of the royalties are tied to producing assets, three of which were commissioned in 2025 and are currently ramping up or expanding. Another 12 projects are in advanced stages with completed economic studies, while three to five additional assets are targeting startup between 2026 and 2030.

The company said the portfolio is geographically concentrated in lower-risk jurisdictions, with most assets located in Canada, Australia and South America, and diversified across both brine-based and hard-rock lithium production.

At the current spot price, Altius expects the acquired royalties to contribute between US$29 million and US$43.7 million in annual revenue by the end of the decade. Lithium carbonate equivalent prices fell to multi-year lows in 2025, holding below US$9,000 per metric ton for most of the year, even as demand continues to expand beyond electric vehicles.

Altius said global lithium demand is expected to exceed 1.5 million metric tons of lithium carbonate equivalent in 2025, with supply deficits potentially re-emerging as early as 2026 after years of oversupply.

Altius Chief Executive Brian Dalton said lithium has “emerged as a mainstream scale mined commodity,” and described the acquired portfolio as featuring “very long resource lives,” strong cost positioning and low jurisdictional risk.

A special shareholders’ meeting is scheduled to happen no later than March 10, 2026.

If approved, the deal is expected to close in the first quarter of 2026, after which Lithium Royalty shares will be delisted and the company will cease to be a reporting issuer in Canada.

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

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A group of 19 Democrat-led states and Washington, D.C., filed a lawsuit against the Trump administration over a declaration that aims to restrict gender transition treatment for minors.

The lawsuit against the U.S. Department of Health and Human Services; its secretary, Robert F. Kennedy Jr.; and its inspector general comes after the declaration issued last week described treatments such as puberty blockers, hormone therapy and gender surgeries as unsafe and ineffective for children experiencing gender dysphoria.

The declaration also warned doctors they could be excluded from federal health programs, including Medicare and Medicaid, if they provide these treatments to minors.

The move seeks to build on President Donald Trump’s executive order in January calling on HHS to protect children from ‘chemical and surgical mutilation.’

‘We are taking six decisive actions guided by gold standard science and the week one executive order from President Trump to protect children from chemical and surgical mutilation,’ Kennedy said during a press conference last week.

HHS has also proposed new rules designed to further block gender transition treatment for minors, although the lawsuit does not address the rules, which have yet to be finalized.

The states’ lawsuit, filed Tuesday in Eugene, Oregon, argues that the declaration is inaccurate and unlawful and urges the court to prevent it from being enforced.

‘Secretary Kennedy cannot unilaterally change medical standards by posting a document online, and no one should lose access to medically necessary health care because their federal government tried to interfere in decisions that belong in doctors’ offices,’ New York Attorney General Letitia James, who led the lawsuit, said in a statement.

The lawsuit claims the declaration attempts to pressure providers into ending gender transition treatment for young people and circumvent legal requirements for policy changes. The complaint said federal law requires the public be given notice and an opportunity to comment before substantively amending health policy and that neither of these were done before the declaration was released.

The declaration based its conclusions on a peer-reviewed report that the department conducted earlier this year that called for more reliance on behavioral therapy rather than broad gender transition treatment for minors with gender dysphoria.

The report raised questions about standards for the treatment of transgender children issued by the World Professional Association for Transgender Health and brought concerns that youths may be too young to give consent to life-changing treatments that could result in future infertility.

Major medical groups and physicians who treat transgender children have criticized the report as inaccurate.

HHS also announced last week two proposed federal rules — one to cut off federal Medicaid and Medicare funding from hospitals that offer gender transition treatment to children and another to block federal Medicaid money from being used for these procedures.

The proposals have not yet been made final and are not legally binding because they must go through a lengthy rulemaking process and public comment before they can be enforced.

Several major medical providers have already pulled back on gender transition treatment for youths since Trump returned to office, even those in Democrat-led states where the procedures are legal under state law.

Medicaid programs in just under half of states currently cover gender transition treatment. At least 27 states have adopted laws restricting or banning the treatment, and the Supreme Court’s decision this year upholding Tennessee’s ban likely means other state laws will remain in place.

Democrat attorneys general from California, Colorado, Connecticut, Delaware, Illinois, Maine, Maryland, Massachusetts, Michigan, Minnesota, New Jersey, New Mexico, Oregon, Rhode Island, Vermont, Wisconsin, Washington state and Washington, D.C., as well as Pennsylvania’s Democrat governor, joined James in the lawsuit.

The Associated Press contributed to this report.

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A Christmas Eve jazz concert at the Kennedy Center was canceled just days after the White House announced that President Donald Trump’s name would be added to the iconic performing arts institution in Washington, D.C.

The show’s host, musician Chuck Redd, who has led the holiday ‘Jazz Jams’ at the Kennedy Center since 2006, said he called off his performance after Trump’s name was added to the facility.

‘When I saw the name change on the Kennedy Center website and then hours later on the building, I chose to cancel our concert,’ Redd told the Associated Press.

Fox News Digital has reached out to the Kennedy Center for comment. The Kennedy Center’s website lists the show as canceled.

The Kennedy Center’s board voted unanimously on Dec. 18 to rename the institution the ‘Trump-Kennedy Center,’ prompting swift backlash from members of the Kennedy family who said the decision undermined the legacy of President John F. Kennedy.

Maria Shriver, Kennedy’s niece, criticized the decision, calling it ‘beyond comprehension.’

Last week, workers added Trump’s name to the outside of the center, and the website’s header was changed to ‘The Trump Kennedy Center.’

Another Kennedy niece, Kerry Kennedy, vowed to remove Trump’s name from the building after he leaves office.

President Lyndon Johnson signed a bill in 1964 that designated the center as a living memorial to Kennedy following his assassination in 1963. The law prohibits the board of trustees from making the center into a memorial to anyone else or from putting another person’s name on the building’s exterior, the AP reported.

Trump was elected chairman of the Kennedy Center board in February, after removing 18 trustees appointed by former President Joe Biden.

Since Trump returned to office on Jan. 20, several artists have canceled performances at the Kennedy Center, including Lin-Manuel Miranda, who called off a production of ‘Hamilton.’

Redd has toured worldwide and performed with numerous musicians, including Dizzy Gillespie, according to his website bio.

Fox News Digital has reached out to Redd for comment.

The Associated Press contributed to this report.

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Nasry Asfura has won the 2025 Honduras presidential election, delivering victory for the right-of-center National Party of Honduras (PNH) and shifting the political landscape of Central America. 

The 40.3% to 39.5% result in favor of Asfura over Liberal Party candidate Salvador Nasralla arrived after the vote-counting process had been delayed for days by technical glitches and claims by other candidates of vote-rigging. Rixi Moncada, the candidate of the ruling LIBRE party, came in a distant third.

The results of the race were so tight and the ballot processing system was so chaotic, that about 15% of the tally sheets, which accounted for hundreds of thousands of ballots, had to be counted by hand to determine the winner.

Two electoral council members and one deputy approved the results despite disputes over the razor-thin difference in the vote. A third council member, Marlon Ocha, was not in a video declaring the winner.

‘Honduras: I am ready to govern. I will not let you down,’ Asfura said on X after the results were confirmed.

The head of the Honduran Congress, though, rejected the results and described them as an ‘electoral coup.’

‘This is completely outside the law,’ Congress President Luis Redondo of the LIBRE party said on X. ‘It has no value.’

Secretary of State Marco Rubio congratulated Asfura on X, saying the U.S. ‘looks forward to working with his administration to advance prosperity and security in our hemisphere.’

Initially, preliminary results on Monday showed Asfura, 67, had won 41% of the ballot, inching him ahead of Nasralla, 72, who had around 39%.

On Tuesday, the website set up to share vote tallies with the public experienced technical problems and crashed, according to The Associated Press.

With the candidates only having 515 votes between them, a virtual tie and site crash saw President Trump share a post on Truth Social.

‘Looks like Honduras is trying to change the results of their Presidential Election,’ he wrote. ‘If they do, there will be hell to pay!’

By Thursday, Asfura had 40.05%, about 8,000 votes ahead of Nasralla, who had 39.75%, according to Reuters, with the latter then calling for an investigation.

‘I publicly denounce that today, at 3:24 a.m., the screen went dark and an algorithm, similar to the one used in 2013, changed the data,’ Nasralla wrote on social media, adding 1,081,000 votes for his party were transferred to Asfura, while 1,073,000 votes for Asfura’s National Party were attributed to him.

Asfura, nicknamed ‘Tito,’ is a former mayor of Tegucigalpa and had entered the race with a reputation for leadership and focus on infrastructure, public order and efficiency.

His win ended a polarized campaign season, with one of the defining moments of the contest being Asfura’s endorsement by Trump.

‘If he [Asfura] doesn’t win, the United States will not be throwing good money after bad,’ Trump wrote on his Truth Social platform Nov. 28.

Before the start of voting Nov. 29, Trump also said he would pardon former President Juan Orlando Hernandez, who once led the same party as Asfura. Hernandez is serving a 45-year sentence for helping drug traffickers.

In the end, the election saw the defeat of centrist former vice president of Honduras, Nasralla and left-wing Moncada, 60, who served under President Xiomara Castro. 

Moncada, a prominent lawyer, financier and former minister of national defense, focused on institutional reform and social equity.

Nasralla, a high-profile television personality turned politician, mobilized a base but fell short of converting his popularity into a winning coalition.  

He was focusing on cleaning up Honduran corruption. The Honduran presidential race was also impacted by accusations of fraud.

In addition to electing a new president, Hondurans voted for a new Congress and hundreds of local positions.

Reuters contributed to this report.

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The Department of Justice said Wednesday it may have more than a million more documents related to the late Jeffrey Epstein that it needs to review and that the process could take weeks to complete.

The DOJ said two of its components, the FBI and the U.S. Attorney’s Office for the Southern District of New York, had just handed over the missing tranche of files, days after the Epstein Files Transparency Act deadline had passed.

‘We have lawyers working around the clock to review and make the legally required redactions to protect victims, and we will release the documents as soon as possible,’ the DOJ wrote in a statement on social media.

The ‘mass volume of material’ could ‘take a few more weeks’ to review, the DOJ said.

‘The Department will continue to fully comply with federal law and President Trump’s direction to release the files,’ the department wrote.

The DOJ has been sharing on a public website since Friday tens of thousands of pages of files related to Epstein’s and Ghislaine Maxwell’s sex-trafficking cases as part of its obligation under the transparency bill. 

President Donald Trump signed the bill into law Nov. 19, giving the DOJ 30 days to review and release all unclassified material related to the cases.

The file rollout has stirred controversy as critics have blasted the DOJ for what they say are excessive redactions and the law’s lapsed deadline Friday. Initially, the DOJ said it would miss the deadline by a couple of weeks, but Wednesday’s announcement signals that might extend further into the new year than the administration had anticipated.

Deputy Attorney General Todd Blanche said on ‘Meet the Press’ Sunday there was ‘well-settled law’ that supported the DOJ missing the bill’s deadline because of a need to meet other legal requirements, like redacting victim-identifying information.

The transparency bill required the DOJ to withhold information about victims and material that could jeopardize open investigations or litigation. Officials could also leave out information ‘in the interest of national defense or foreign policy,’ the bill said. 

The bill also explicitly directed the DOJ to keep visible any details that could be damaging to high-profile and politically connected people.

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Sun Summit Minerals Corp. (TSXV: SMN,OTC:SMREF) (OTCQB: SMREF) (‘Sun Summit’ or the ‘Company’) is pleased to announce that it has closed its non-brokered private placement (the ‘Private Placement’) previously announced in the Company’s press releases on December 9, 2025 and December 12, 2025, through the issuance of (i) 67,857,143 charity flow-through common shares in the capital of the Company (each, a ‘Charity FT Share’) at a price of $0.14 per Charity FT Share; and (ii) 20,000,000 non-flow-through common shares in the capital of the Company (each, an ‘NFT Shares’) at a price of $0.10 per NFT Share, for aggregate gross proceeds to the Company of $11,500,000.

The Charity FT Shares qualify as a flow-through share within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the ‘Tax Act‘).

The Company intends to use the gross proceeds of the Private Placement for exploration of the Company’s JD, Theory and Buck properties and any other Canadian properties that the Company may acquire, and for general working capital purposes, provided that the Company will use an amount equal to the gross proceeds received by the Company from the sale of the Charity FT Shares to incur eligible ‘Canadian exploration expenses’ that will qualify as ‘flow-through mining expenditures’ as such terms are defined in the Tax Act.

In connection with the Private Placement, the Company paid aggregate cash finder’s fees of $303,380 and granted an aggregate of 2,944,400 non-transferable finder warrants of the Company (each, a ‘Finder Warrant‘) to arm’s length finders of the Company in connection with the Private Placement. Each Finder Warrant entitles the holder thereof to purchase one Common Share of the Company, at an exercise price of $0.14 per share until December 23, 2027.

The Private Placement is subject to the final approval of the TSX Venture Exchange (the ‘TSXV‘). The securities issued in the Private Placement are subject to a hold period expiring on April 24, 2025, in accordance with applicable securities laws.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or in any other jurisdiction in which such offer, solicitation or sale would be unlawful. The securities have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements thereunder.

Options Issuance

The Company also announces that it has, subject to approval of the TSXV, granted an aggregate of 9,000,000 stock options of the Company (the ‘Options‘) to certain employees, directors and advisors of the Company, in accordance with the rules of the TSXV and the Company’s stock option plan. Each Option entitles the holder thereof to acquire one common share in the capital of the Company (each, a ‘Common Share‘) at an exercise price of $0.15 per Common Share until December 23, 2030.

About Sun Summit

Sun Summit Minerals (TSXV: SMN,OTC:SMREF) (OTCQB: SMREF) is a mineral exploration company focused on the discovery 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.

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 press release may include, but are not limited to, use of proceeds of the Private Placement; the size and scope of the drill program at the JD property; the Company’s exploration plans and forecasts; and obtaining regulatory approval for the Private Placement, the grant of Options and exploration plans of the Company. 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 state of the equity financing markets in Canada and other jurisdictions; the receipt of regulatory approval; the Company’s ability to complete the drill program as currently contemplated; risks inherent in exploration activities; volatility and sensitivity to market prices; volatility and sensitivity to capital market fluctuations; and fluctuations in metal prices. The forward-looking statements contained in this press release are made as of the date hereof or the dates specifically referenced in this press 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 press release are expressly qualified by this cautionary statement.

Neither 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.

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/278984

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(TheNewswire)

   

Vancouver, British Columbia / December 23, 2025 ‑ TheNewswire – Harvest Gold Corporation (TSXV: HVG,OTC:HVGDF) (‘Harvest Gold‘ or the ‘Company‘) is pleased to announce the completion of its maiden drill program on the northern and central areas of Mosseau, its flagship project in Quebec’s Abitibi Urban Barry belt, the home to Gold Field’s Windfall deposit. Further is a summary of the advancements made on Harvest Gold’s district scale land package in 2025.

Harvest Gold President and CEO, Rick Mark, states: ‘Looking back, it has been a very busy and successful year advancing our three property, district scale land package in the Quebec Urban Barry belt. We could not have done it without the ongoing support of our largest shareholder, Crescat Capital, who now owns approximately 19.9% of Harvest Gold, and all the other investors who participated in our three private placements this year. I also want to recognize Louis Martin, who has led our excellent geological team and managed the various exploration and drilling programs conducted in 2025. We are very much looking forward to 2026’.

MOSSEAU

Harvest Gold completed 21 diamond drill holes totaling 4,692 metres on the Mosseau property. Drilling targeted the northern and central areas of the property. Assay results for the northern drill holes have been received and have either been reported or are currently being compiled. Assay results from the central portion of the property are pending, with complete results from both areas expected in January.

Diamond drilling was carried out by Forage Rouillier Drilling of Amos. Drill supervision and core logging were completed by Explo-Logik, and drill core analyses were performed by AGAT Laboratories.

Additional work on Mosseau completed in 2025 included expanded magnetic coverage flown by Novatem over newly staked claims adjoining the Mosseau Property and a second phase of prospecting and a soil sampling program by IOS.

URBAN BARRY

A regional, property-wide reconnaissance till sampling program was completed by IOS in 2025. Results are pending and are expected in January 2026.

LaBELLE

A property wide high-resolution airborne magnetic survey flown by Novatem was completed over the Labelle property. This survey confirmed the extension of the Kiask River Corridor across the property. A prospecting and soil survey was also completed over the western part of the property. Results are pending and are expected in January 2026.

FINANCING

In 2025, the Company raised a total of $3,429,299.89 in three non-brokered private placements to fund exploration activities on its three properties in Quebec’s Urban Barry belt.

About Harvest Gold Corporation

Harvest Gold is focused on exploring for near-surface gold deposits and copper-gold porphyry deposits in politically stable mining jurisdictions. Harvest Gold’s board of directors, management team and technical advisors have collective geological and financing experience exceeding 400 years.

Harvest Gold has three active gold projects focused in the Urban Barry area, totalling 377 claims covering 20,016.87 ha, located approximately 45-70 km west of Gold Fields Limited’s – Windfall Deposit.

Harvest Gold acknowledges that the Mosseau Gold Project straddles the Eeyou Istchee-James Bay and Abitibi territories.  Harvest Gold is committed to developing positive and mutually beneficial relationships based on respect and transparency with local Indigenous communities.

Harvest Gold’s three properties, Mosseau, Urban-Barry and LaBelle, together cover over 50 km of favorable strike along mineralized shear zones.

Qualified Person Statement

All scientific and technical information in this news release has been prepared and approved by Louis Martin, P.Geo., Technical Advisor to the Company and considered a Qualified Person for the purposes of NI 43-101.

ON BEHALF OF THE BOARD OF DIRECTORS

Rick Mark
President and CEO
Harvest Gold Corporation

For more information please contact:

Rick Mark or Jan Urata
@ 604.737.2303 or
info@harvestgoldcorp.com

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

Forward Looking Information

This news release includes certain statements that may be deemed ‘forward looking statements’. All statements in this news release, other than statements of historical facts, that address events or developments that Harvest Gold expects to occur, are forward looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words ‘expects’, ‘plans’, ‘anticipates’, ‘believes’, ‘intends’, ‘estimates’, ‘projects’, ‘potential’ and similar expressions, or that events or conditions ‘will’, ‘would’, ‘may’, ‘could’ or ‘should’ occur.

Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

Copyright (c) 2025 TheNewswire – All rights reserved.

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Lobo Tiggre, CEO of IndependentSpeculator.com, described uranium’s key role in providing baseload energy, a narrative that is only being heightened by added artificial intelligence data center and electric vehicle (EV) demand projections.

“The use case is baseload power. There’s no substitution, and the world is building like gangbusters,” he explained. “If the EV story completely went away, it wouldn’t undo the thesis for uranium, It would remove a tailwind, not the base story.”

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

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