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Gold marked a new price milestone on Tuesday (December 23), continuing its record-breaking 2025 run.

The spot price rose as high as US$4,511.83 per ounce, hitting that point at 4:04 p.m. PST.

Gold spot price chart, December 16 to 23, 2025.

The yellow metal’s latest rise caps off what’s been a historic year.

After starting 2025 around US$2,640, gold had risen to the US$3,200 level by April. It stayed within a fairly flat range until the end of August, when it launched higher once again, breaking US$4,300 in mid-October.

Gold took a breather following that move, even falling briefly below US$4,000; however, its retracement was neither as steep nor as long as market watchers expected. It began gaining steam again in mid-November, and took off again in earnest this week, powering higher along with its sister metal silver, which is currently over US$71 per ounce.

Both metals benefit from geopolitical tensions and economic uncertainty, which have been present on a global scale throughout the year. Interest rate cuts from the US Federal Reserve have provided support too, as have expectations of easier monetary policy after Fed Chair Jerome Powell’s term ends next year.

Gold also continues to benefit from strong central bank buying, while silver’s industrial side is attracting attention. Although it is valued as an investment metal, it’s key for technology such as solar panels.

Elsewhere in the precious metals space, platinum rose to a fresh record on Tuesday, reaching US$2,355.83 per ounce. Palladium remains below its top price level, but is elevated at around US$1,895 per ounce.

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

This post appeared first on investingnews.com

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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Artificial intelligence (AI) has cemented its role as a key sector for investors, but its path forward is shifting.

Several catalysts, including sustained AI infrastructure spending and US Federal Reserve interest rate cuts, are poised to drive tech sector growth in 2026; however, massive capital expenditure digestion by hyperscalers, alongside increasing demands for a return on investment and persistent power supply limitations, are influencing a rotation in focus, with risks like high valuations and policy uncertainty potentially capping AI industry gains.

Overall, experts are calling for the technology sector to navigate a delicate balance between aggressive expansion and necessary financial discipline in 2026, with AI at the heart of these matters.

Capex digestion and AI verticalization

AI capital expenditures by hyperscalers are projected to fuel demand for semiconductors, data centers and related infrastructure in the year head, as per Nicholas Mersch, portfolio manager at Purpose Investments.

According to notes from multiple analysts, the Big Four — Meta Platforms (NASDAQ:META), Microsoft (NASDAQ:MSFT), Alphabet (NASDAQ:GOOGL) and Amazon (NASDAQ:AMZN) — are slated to spend over US$300 billion on AI infrastructure. Mersch cited forecasts that see hyperscaler capex hitting roughly US$600 billion in 2026.

“Over the next 12 to 24 months, the narrative likely shifts from who can build fastest to who can drive the highest revenue and margin per dollar of AI infrastructure,’ Mersch added. “This is where verticalization matters. The companies that can capture the full stack, from silicon to applications, look like they will win.’

His top pick in this arena is Google, followed by Microsoft.

While the cloud layer remains a high-stakes game of concentration among a few platforms, Mersch said the hardware layer underneath is beginning to fragment as the chip stack quietly diversifies.

“Large multi-year AI chip deals are broadening the market beyond NVIDIA (NASDAQ:NVDA), with Advanced Micro Devices (NASDAQ:AMD) and custom application-specific integrated circuit (ASIC) programs winning meaningful share. High-bandwidth memory (HBM) has become the real bottleneck and profit pool, with tri-sourced HBM3E, an emerging HBM4 race and surging HBM demand from ASICs,’ the expert said.

‘The result is a more plural, multi-vendor accelerator ecosystem. Looking out to the second half of the decade, total AI silicon spend can keep growing even if individual GPU vendors see more competition and pricing pressure, with memory, packaging and custom silicon capturing a larger share of the economics.’

Chip diversification, however, is now colliding with HBM and packaging shortages, constraining output from 2026 to 2027. BMI’s Cedric Chehab notes that rapid capex growth is outpacing supply, ruling out near-term oversupply, but warns of volatility if data center investments fail to deliver profitability amid persistent infrastructure shortages.

Power as a binding constraint for AI

Power limits are a specter looming above AI expansion heading into 2026.

“Individual campuses are pushing past 1 gigawatt, utilities in key regions are scrambling to add generation and transmission and Big Tech is signing multi-gigawatt nuclear and long-term power deals, including restarts of previously shuttered plants,” explained Mersch. US data center demand is now poised to triple by 2030, thrusting utilities, nuclear operators and grid infrastructure into prime investment orbits.

“Even Google has acknowledged that serving capacity needs to double roughly every six months,” he added.

Alphabet, the parent company of Google, and other hyperscalers became active infrastructure developers in 2025, inking high-profile strategic deals designed to secure 24/7 — and carbon-free — energy for AI data centers.

Google’s deal with Elementl Power in May to provide capital to develop three advanced nuclear sites in the US represents a shift toward nuclear energy that is perhaps the most significant structural change in the AI landscape today, further extending the verticalization narrative into the power grid itself.

The shift toward energy-backed AI is being institutionalized at the highest levels of finance. In late 2025, JPMorgan Chase (NYSE:JPM) launched its US$1.5 trillion Security and Resiliency Initiative, a decade-long plan specifically targeting the intersection of AI, grid infrastructure and nuclear energy.

By earmarking US$10 billion in direct equity for US firms, the initiative effectively underwrites the full-stack transition.

Are AI stocks in a bubble?

The path for AI is moving from building technology to proving its value. While many experts remain optimistic, the transition from deployment to execution introduces new risks that could define the industry’s next winners and losers.

As organizations fully embed AI into their core workflows, the operational stakes are shifting. Infrastructure strategies are diversifying as security-conscious businesses seek more control over their high-value AI workloads.

Simultaneously, the rise of agentic AI, which automates full workflows, combined with cost and complexity issues on major hyperscalers, will lead to a trend of cloud repatriation toward regional and bare-metal platforms.

Despite concerns over a potential bubble, the industry will continue to receive massive institutional backing. B2BROKER’s John Murillo rejects the idea of an AI bubble, comparing OpenAI to Edison’s plants amid giants’ resilience.

‘In the case of dot-coms, everyone was investing just to invest; it didn’t matter what exactly to choose and some of the projects didn’t have a solid foundation. With AI, it’s not like this. The technology proves its worthiness every day, and it has already swept away many junior analysts,’ Murillo emphasized.

Nevertheless, high AI valuations risk corrections if adoption disappoints or energy constraints emerge.

The success of the current capex cycle will depend on whether these investments translate into measurable operating leverage and cost savings through the back half of the decade.

“The bubble scenario is very unlikely,” Murillo added. “I think in the current economic situation, there are problems much worse than a potential bubble.”

For example, geopolitical tensions, sticky inflation and US midterm elections could spark volatility, prompting sector rotations away from overvalued mega caps.

Investor takeaway

The investment focus in AI is shifting from the initial narrative to tangible execution and quantifiable profitability. While the challenges of elevated valuations and geopolitical instability persist, some experts dismiss comparisons to a technology bubble, arguing the sector’s demonstrated value offers a stable underpinning.

Future leaders in the AI industry will be distinguished by their capacity to convert infrastructure spending into significant operating leverage and cost efficiencies.

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

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Turning Point USA’s AmericaFest is very much like a circus, and I mean that in the best possible way. A circus can travel anywhere, put up its tents and put on a show.

The scale of last weekend’s event in Phoenix was nothing short of monumental, with 31,000 in attendance. That isn’t so far off of the estimated 50,000 souls who went to the 2024 Republican National Convention in Milwaukee.

To put it bluntly, TPUSA, along with other organizations, are capable of producing a much-needed midterm convention and a city like Phoenix, which hosted the conservative confab admirably, is exactly where it should be held.

As I’ve written in this column before, a midterm GOP conventionmidterm GOP convention, though a tad unconventional as a concept, is exactly what Republicans need to put Trump and his policy wins front and center before the electorate.

John and Lucy, a couple in their 40s who I met at the event, told me it was their first AmFest.

‘The energy is amazing,’ Lucy said. ‘I didn’t know what to expect, but I didn’t expect this.’

John concurred, saying, ‘This is like a rock concert, fireworks and loud music, I think it gets everyone pumped up.’

The atmosphere at AmFest was a whizzing and whirring technicolor explosion of light and sound, all resounding toward the goal of forwarding the conservative movement.

There is little doubt that 10 minutes at a pulsating and intense live event like Amfest – or a Trump rally – is worth 10 days of on-screen ads. It hits attendees in each of their five senses, and 50,000 may not sound like much, but that’s a veritable army to send back home in an off-year election.

One eager young conservative I met, Matt, who is studying finance in grad school and sports what might now be called the TPUSA mustache, told me, ‘I’d totally go to a midterm convention. Hell, I’d just go for the parties.’

That may sound a bit shallow to some, but it also sounds like exactly the kind of positive energy that a winning political movement needs.

When it comes to the question of where to hold a midterm convention, Phoenix can teach would-be convention planners a lot about the key question of location, location, location.

In places like New York City or Chicago, AmFest would have brought out hundreds of protesters, including many of the dangerous Antifa variety. Even vastly smaller events like a recent Mom’s For Liberty conference in Philadelphia attracted angry mobs.

In Phoenix, I never saw more than a dozen or so, and they were far more silly than menacing.

It’s worth noting that the local news channels did choose to focus almost as much attention on this bedraggled band of apparently unemployed naysayers as they did the tens of thousands inside the event.

Funny that.

But around the clean and very pretty downtown of soft light and perfect temperatures, one felt little to no resentment or pushback at the sudden flood of red MAGA hats and sparkly Trump outerwear. Everything was cool.

I asked one of my Uber drivers, a longtime Phoenix resident, why he thought the city was so welcoming in this way.

‘Nobody is uptight about politics. Everyone has weird ideas, we have weird politicians,’ he told me, laughing at his own joke for moment before adding, ‘It’s always been like this.’

Phoenix is not the only prime location for a midterm convention. Oklahoma City is another, as is Nashville. These are thriving places with better than average governance that truly do highlight the accomplishments of the Trump administration.

JD VanceJD Vance told the crowd at AmFest, ‘Why do we penalize corporations that ship American jobs overseas? Because we believe in the inherent dignity of human work and every person who works a good job in this country.’

The best place to sell that very popular message is in the smaller American cities where the jobs are being created, not one of the great metropolises still clinging to the dream that one day everyone can just work for the government.

As of now, the GOP has somewhere just north of seven months to put together a midterm convention, but the good news is that it is also flush with campaign cash. And the conservative movement has organizations like TPUSA that are capable of coming together to pull it off.

If Republicans want to hold onto Congress and give Trump a runway for his final two years, then their first priority for the coming fall should be to bring the circus back to town.

This post appeared first on FOX NEWS

As President Donald Trump rolls out his TrumpRx proposal to cut prescription drug prices, economists are raising questions about what happens when prices are capped and whether short-term savings for consumers come at the expense of future medical breakthroughs.

On Friday, Trump announced deals with nine pharmaceutical companies to lower prices on certain medications for Americans, along with $150 billion in promised new investments in domestic manufacturing and pharmaceutical research.

The announcement builds on the administration’s Trump Rx initiative, a government-run portal designed to steer consumers toward lower-cost prescription drugs offered directly by manufacturers. The program is central to Trump’s effort to tie U.S. drug prices to those paid in other wealthy countries, a policy known as ‘most favored nation’ pricing.

But economists caution that price-lowering agreements don’t eliminate costs and often shift them elsewhere, particularly into reduced drug development, delayed innovation, or higher prices in other parts of the market.

Michael Baker, director of healthcare policy at the American Action Forum, said government price setting shifts costs rather than eliminating them.

‘At the most basic level, government price setting only limits what patients pay for a drug — usually reflected in an out-of-pocket or co-insurance payment,’ Baker said. ‘This does nothing to address the overall cost of the drug, which someone still has to pay, nor does it lower the cost associated with development.’

As a result, Baker said, patients ultimately bear those costs through tighter coverage rules, fewer treatment options or reduced future innovation.

‘Patients will experience far less of the crown jewel of the U.S. healthcare system that they are currently accustomed to receiving,’ he added.

Economists say the effects of permanent price caps would also be felt upstream, in research and development.

‘We know for sure that if drug prices are capped permanently below the levels the firm would have set, that will lead to lower incentives for R&D to discover new drugs and bring them to market,’ explained Mark V. Pauly, professor of healthcare management at The Wharton School at the University of Pennsylvania.

Pauly added that the impact is expected to be negative, but its scale — including how many drugs might never be developed and their potential value — remains highly uncertain.

‘I do not know the answer, but I know for sure no one else does either,’ he added.

Others argue the administration’s approach avoids the most damaging forms of price control.

Ed Haislmaier, an expert in healthcare policy and markets at The Heritage Foundation, said recent agreements appear to involve companies trading lower prices for benefits such as expanded market access or relief from other costs, including tariffs.

‘In such cases, companies are likely calculating that revenue losses from lower prices will be offset by revenue gains from more sales,’ Haislmaier told Fox News Digital.

‘The kind of government price controls that are most damaging to innovation are ones that limit the initial price a company can charge for a new product. That is the situation in some countries, but fortunately not yet the in the United States,’ he added.

Ryan Long, Paragon’s director of congressional relations and a senior research fellow, suggested that pricing pressure abroad could force foreign governments to shoulder a greater share of drug development costs.

Long said this strategy would lead ‘to lower prices for American consumers without sacrificing U.S. leadership in biopharmaceutical innovation that leads to new treatments and cures.’

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The recently launched ‘GenAI’ tool for U.S. service members and Department of War workers is a ‘critical first step’ in the future of warfare, according to a military expert.

This month, the Pentagon announced the launch of GenAI.mil, a military-focused AI platform powered by Google Gemini. Secretary of War Pete Hegseth said the platform is designed to give U.S. military personnel direct access to AI tools to help ‘revolutioniz[e] the way we win.’

On Monday, the Department of War also announced that the Pentagon is further integrating Elon Musk’s xAI Grok family of models into the GenAI platform, allowing employees to use xAI safely on secure government systems for routine work, including tasks involving sensitive but unclassified information.

In an interview with Fox News Digital, Emelia Probasco, a Navy veteran, former Pentagon official and senior fellow at Georgetown University’s Center for Security and Emerging Technology, explained that the tool will help train Department of War service members and civilians on the use of artificial intelligence in their everyday workflow, preparing them for further integration of AI in military matters.

Probasco said the tool will have a ‘big impact’ on the everyday functioning of the Department of War.

‘Prior to the rollout of this new website and having Gemini 3 available to the force, folks were either using sort of a tool that wasn’t as capable … or even worse, they were sort of going to their home computers and trying to do various things on their home computers, which they’re not supposed to do, but it was probably happening,’ Probasco explained. ‘Now they’ve got a more secure environment where they can experiment with these tools and really start to learn what they’re good for and what they’re not good for.’

While Probasco said she does not believe the tools, such as the GenAI platform, ‘fully changes war,’ she thinks ‘it’s the critical first step in training so that we know how to use it well.’

She said that the Department of War has ‘made it very clear in the past year that they want to forge ahead and be innovative and try new things and adopt AI.’

The GenAI tool, Probasco said, gives the department a type of sandbox to experiment with for still bigger innovations to come.

‘There are responsible people in the department who are trying to figure out what is the best use of this tool. Let’s try lots of experiments in sort of sandboxes or in safe places so that when a conflict comes, we are ready and ahead, frankly, of any adversary who has started to play with the tools,’ she explained.

Probasco said the Department of War understands that adversaries such as China are also developing and experimenting with artificial intelligence. Indeed, this month, President Donald Trump announced he would be partially reversing a Biden-era restriction on high-end chip exports, permitting Nvidia to export its artificial-intelligence chips to China and other countries.

The H200 chips are high-performance processors made by Nvidia that help run artificial intelligence programs, like chatbots, machine learning and data-center tasks. 

Lawmakers on Capitol Hill voiced that they are split over the decision, with some seeing the move as a dangerous concession and others as strategic.

Either way, Probasco said ‘we have lots of evidence’ that China ‘is doing rapid experimentation [with AI] across all domains of warfare.’

‘And it’s not, can I use a chatbot, but rather, ‘Can I gather up lots of information to start to target individuals for espionage?’ For example, [and], ‘Can I use data to create more sophisticated cyber-attacks?’’ she explained.

‘There is this sort of dynamic of a race between the two sides trying to figure out how to adopt it,’ she explained.

Though important, Probasco said the GenAI tool is ‘not going to necessarily be the weapon system that gains [the U.S.] an advantage.’

She assured the AI tool that will truly give the U.S. a military advantage ‘is underway,’ but said ‘that’s not the sort of thing you just roll out for every service member to use.’

‘It’s important to remember that using a chatbot to help you think through certain problems or do talking points is not what’s going to win the war. There are much more sophisticated military systems that use generative AI; they use other kinds of what’s called ‘good old-fashioned AI.’ There are lots of other techniques that militaries need to use,’ she said.

‘Those are already in the works, and they’ve been in the works for years,’ Probasco explained, adding, ‘That’s not going to be rolled out in a big public announcement where everybody can play with it.’

This post appeared first on FOX NEWS

As the year closes, Republicans are looking to the past for another dance with a partisan exercise that tested the party’s unity and delivered President Donald Trump his crowning legislative achievement of the year.

Budget reconciliation is how congressional Republicans rammed through Trump’s ‘big, beautiful bill,’ earlier this year. But it’s a time-consuming, labor-intensive process that laid bare intra-party divisions and nearly exploded before liftoff.

Still, some Republicans want to take another stab at reconciliation, which allows a party in power to advance legislation with just a simple majority in the Senate as long as it adheres to strict, budgetary parameters.

‘We can do two more reconciliation bills without a single Democratic vote,’ Sen. John Kennedy, R-La., told Fox News Digital. ‘Doesn’t mean we wouldn’t welcome Democratic votes, but we can do them without a single Democratic vote.’

Turning once again to reconciliation would help Senate Republicans, in particular, address one of Trump’s desires to kill the 60-vote filibuster threshold in the upper chamber without changing the precedent that Democrats, for years, have threatened to do.

But they need a plan, first.

That would come from Senate Budget Committee Chair Lindsey Graham, R-S.C., the de facto maestro of the reconciliation process. His committee was responsible for drafting the budget resolution that unlocked the process in the upper chamber earlier this year, and he is reportedly eying drafting another resolution in the new year.

‘It would be political malpractice not to do another reconciliation,’ Graham told Semafor.

But many Republicans acknowledged just how difficult reconciliation is, especially after the latest exercise that dominated much of Congress’ attention for the first half of the year.

Senate Majority Leader John Thune, R-S.D., told Fox News Digital that ‘it’s always hard, but it’s an option, and one that we’re not ruling in or ruling out.’

‘I would say you have to have a reason to do it, you know,’ Thune said. ‘I mean, you don’t just do reconciliation for the heck of it. You got to have a, you know, a specific purpose. And so we’ll see. I mean, that purpose may, you know, may start getting some traction.’

Kennedy floated using reconciliation to tackle affordability issues, but some see the painstaking process as an avenue to grapple with another issue that has dominated Congress for several months: healthcare.

Lawmakers left Washington, D.C., without a fix to expiring Obamacare subsidies, effectively setting up a drastic hike in out-of-pocket healthcare costs for millions of Americans. There are bipartisan negotiations in the works to deal with the issue when lawmakers return, but Republicans have a gnawing appetite to drastically change the program.

Sen. Jim Banks, R-Ind., told Fox News Digital that Republicans ‘have to do something’ on healthcare.

‘Reconciliation is one pathway to do something, but it also limits what we can do,’ Banks said. ‘So we need bipartisan support to pass something that will help everybody.’

And Sen. Jim Justice, R-W.Va., who has been critical of Republicans’ inability to get a healthcare solution across the line, told Fox News Digital that reconciliation ‘may be an answer.’

‘The healthcare situation is really, it’s a big deal,’ Justice said. ‘It’s more than difficult, you know? And so we need to, we need to try to fix it. That’s for sure.’

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President Donald Trump’s newly appointed envoy to Greenland said Tuesday the administration wants to open a dialogue with residents of the territory, stressing the U.S. is not seeking to ‘conquer’ the island.

During an appearance on Fox News’ ‘The Will Cain Show,’ Louisiana Gov. Jeff Landry, who was tapped as special envoy to Greenland by Trump on Sunday, said discussions must be had with Greenlanders to understand what they want moving forward.

‘What are they looking for? What opportunities have they not gotten? Why haven’t they gotten the protection that they actually deserve?’ Landry said.

Landry added that the U.S. ‘has always been a welcoming party,’ and that the Trump administration is not going to ‘go in there trying to conquer anybody’ or ‘take over anybody’s country.’

Landry’s comments came after Danish leaders sharply criticized Trump after he announced the appointment of the new special envoy to Greenland, a territory controlled by Denmark.

‘We have said it before. Now, we say it again. National borders and the sovereignty of states are rooted in international law,’ Danish Prime Minister Mette Frederiksen and Greenlandic Prime Minister Jens-Frederik Nielsen said in a joint statement Monday. ‘They are fundamental principles. You cannot annex another country. Not even with an argument about international security.’

Trump wrote on Truth Social Monday that Landry ‘understands how essential Greenland is to our National Security, and will strongly advance our Country’s Interests for the Safety, Security, and Survival of our Allies, and indeed, the World.’

On Tuesday, Danish Foreign Minister Lars Løkke Rasmussen called Trump’s comments ‘completely unacceptable,’ adding that he would summon the U.S. ambassador.

The Danish kingdom, he wrote on Facebook, is ‘sovereign and cannot accept that others question it.’

Trump has previously expressed ambitions for the U.S. to acquire Greenland, posting on Truth Social in December 2024 that ‘ownership and control of Greenland is an absolute necessity’ for national security purposes.

In another post from January 2025, Trump said Greenland is an ‘incredible place,’ and its people will ‘benefit tremendously if, and when, it becomes part of our Nation,’ before declaring, ‘MAKE GREENLAND GREAT AGAIN!’

Fox News Digital has reached out to the White House for comment.

Fox News Digital’s Alex Nitzberg and The Associated Press contributed to this report.

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(TheNewswire)

      

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.

TORONTO, ONTARIO (December 22, 2025) TheNewswire – Laurion Mineral Exploration Inc. (TSX.V: LME|OTC: LMEFF|FSE: 5YD) (‘LAURION’ or the ‘Corporation’) is pleased to announce that it has closed its previously-announced non-brokered private placement (the ‘Private Placement’) consisting of flow-through units (the ‘FT Units’). Pursuant to the Private Placement, the Corporation issued 4,619,130 FT Units at a subscription price of $0.33 per FT Unit, for aggregate gross proceeds to the Corporation of $1,524,313.

Each FT Unit consists of one common share of the Corporation (each, a ‘FT Share‘) and one-half of one common share purchase warrant (each, a ‘Warrant‘). Each Warrant entitles the holder thereof to acquire one non flow-through common share of the Corporation at a price of $0.39 per share for a period of 24 months from the date of issuance. The FT Shares and the Warrants comprising the FT Units qualify as ‘flow-through shares’, as defined in subsection 66(15) of the Income Tax Act (Canada) (the ‘Tax Act‘).

The gross proceeds of the Private Placement will be used for ‘Canadian exploration expenses’ (within the meaning of the Tax Act), which will qualify, once renounced, as ‘flow-through mining expenditures’, as defined in the Tax Act, which will be renounced with an effective date of no later than December 31, 2025 (provided the subscriber deals at arm’s length with the Corporation at all relevant times) to the initial purchasers of FT Units in an aggregate amount not less than the gross proceeds raised from the issue of the FT Units. LAURION intends to allocate the proceeds from the Private Placement to advance the Corporation’s 2026 drill program on the Ishkõday property. Planned drilling will focus on key areas within the A-Zone/McLeod and CRK Trend, as well as the historic Sturgeon River Mine area. These zones have been prioritized based on their structural characteristics, surface observations and past drill results, as LAURION continues to build on its growing understanding of the broader mineralized system.

‘This financing enables us to keep advancing our disciplined, technically driven approach to unlocking the potential of the Ishkõday system,’ said Cynthia Le Sueur-Aquin, President and CEO. ‘We are targeting areas with strong structural and geological signals, guided by strong technical fundamentals and a clear strategy for long-term value creation.’

In connection with the Private Placement, certain arm’s-length finders received an aggregate of $66,559 as a cash finder’s commission and an aggregate of 201,693 finder’s warrants. Each finder’s warrant entitles the holder thereof to acquire one non flow-through common share of the Corporation at a price of $0.33 per share for a period of 24 months from the date of issuance.

Pursuant to applicable Canadian securities laws, all securities issued pursuant to the Private Placement are subject to a hold period of four months and one day, expiring on April 23, 2026. The Private Placement remains subject to the final approval of the TSX Venture Exchange (the ‘TSXV‘).

About LAURION Mineral Exploration Inc.

 

The Corporation is a mid-stage junior mineral exploration and development company listed on the TSXV under the symbol LME and on the OTCPINK under the symbol LMEFF. LAURION now has 278,716,413 outstanding shares, of which approximately 73.6% are owned and controlled by insiders who are eligible investors under the ‘Friends and Family’ categories.

 

LAURION’s emphasis is on the exploration and development of its flagship project, the 100% owned mid-stage 57 km2 Ishkõday Project, and its gold-rich polymetallic mineralization.

 

LAURION’s chief priority remains maximizing shareholder value. A large portion of the Corporation’s focus in this regard falls within the scope of its mineral exploration activities and more specifically, advancing the Ishkõday Project. A consequence of LAURION’s success and advancement over the past several years is that the Corporation has become positioned as an acquisition target for appropriate potential acquirors. Accordingly, the Corporation’s Board of Directors is aware that possible strategic alternatives and transactional opportunities may arise and/or could be procured in the short or medium terms. The Corporation will promptly issue a press release if any material change occurs.

 

FOR FURTHER INFORMATION, CONTACT:


LAURION Mineral Exploration Inc.

 

Cynthia Le Sueur-Aquin – President and CEO

Tel: 1-705-788-9186 Fax: 1-705-805-9256

 

Douglas Vass – Investor Relations Consultant

Email: info@laurion.ca

 

Website: http://www.LAURION.ca

 

Follow us on: X (@LAURION_LME), Instagram (laurionmineral) and LinkedIn ()

 

Caution Regarding Forward-Looking Information

 

This press release contains forward-looking statements, which reflect the Corporation’s current expectations regarding future events including with respect to LAURION’s business, operations and condition, management’s objectives, strategies, beliefs and intentions, the use of proceeds of the Private Placement, the Corporation’s ability to advance, expand and/or develop the Ishkõday Project and any possible strategic alternatives and transactional opportunities that may arise and/or could be procured in the future with respect to the Corporation. The forward-looking statements involve risks and uncertainties. Actual events and future results, performance or achievements expressed or implied by such forward-looking statements could differ materially from those projected herein including as a result of a change in the trading price of the common shares of LAURION, the TSXV not providing its final approval for the Private Placement (including the payment of finders’ fees in connection therewith) or any strategic alternatives or transactional opportunities, the interpretation and actual results of current exploration activities, future prices of gold and/or other metals, and those factors disclosed in the Corporation’s publicly filed documents. Investors should consult the Corporation’s ongoing quarterly and annual filings, as well as any other additional documentation comprising the Corporation’s public disclosure record, for additional information on risks and uncertainties relating to these forward-looking statements. The reader is cautioned not to rely on these forward-looking statements. Subject to applicable law, the Corporation disclaims any obligation to update these forward-looking statements. All sample values are from grab samples and channel samples, which by their nature, are not necessarily representative of overall grades of mineralized areas. Readers are cautioned to not place undue reliance on the assay values reported in this press 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 THE CONTENT OF THIS NEWS RELEASE.

  

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News Provided by TheNewsWire via QuoteMedia

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The global lithium market endured a bruising 2025, with persistent oversupply and softer-than-expected electric vehicle (EV) demand driving prices for the battery metal to multi-year lows.

Lithium carbonate prices in North Asia slipped below US$9,550 per metric ton in February — their weakest level since 2021 — triggering production cuts and project delays, particularly in Australia and China. Despite brief rallies later in the year, prices remained under pressure, reflecting a market struggling to absorb rapid supply growth.

That imbalance has been years in the making. Global lithium carbonate output surged 192 percent between 2020 and 2024 while demand lagged, leaving the market with a large surplus.

Analysts estimate that supply exceeded demand by more than 150,000 metric tons in both 2023 and 2024, with inventories continuing to cap price recovery in 2025. Although the surplus is shrinking, high stockpiles have kept prices rangebound, with lithium carbonate largely hovering near US$10,000 for much of the year.

Volatility punctuated the lithium industry in the second half of 2025.

Prices rebounded sharply in July on supply cut speculation, briefly pushing lithium carbonate to an 11 month high above US$12,000 before retreating as producers denied meaningful reductions and inventories remained ample.

Policy uncertainty in the US, including threats to EV incentives, and regulatory signals from China further weighed on sentiment, underscoring the market’s sensitivity to both geopolitics and headlines.

Despite the prolonged downturn, analysts increasingly view 2025 as a potential inflection point. With roughly a third of global production estimated to be unprofitable at current prices, further supply rationalization appears likely.

Forecasts point to a sharply narrower surplus in 2025 and a possible deficit emerging in 2026, suggesting that while lithium’s near-term outlook remains constrained, the sector’s long-term fundamentals — driven by electrification, the energy transition and data-intensive technologies — remain intact.

Lithium in 2025: A tale of two markets

In contrast, the second half of 2025 saw a boost in prices across the lithium space as market fundamentals improved due to Contemporary Amperex Technology (SZSE:300750,HKEX:3750) curtailing operations at the Jianxiawo lepidolite mine in early August. Despite reports that Jianxiawo would restart operations in December, it is unclear if the mine, which is one of the world’s largest, is back in operation.

Concern over the removed supply pushed carbonate prices higher from mid-October through the end of the year, when they rose from US$10,417.37 to US$14,131.44, a 34 percent increase.

Battery energy storage demand key to lithium growth

Another trend Klein pointed to was the rapid growth in the battery energy storage system (BESS) market, which is expected to grow by 44 percent in 2025, representing a quarter of all battery demand.

“We’ve been talking about BESS being a very fast, growing and big part of the market, but it’s now become the consensus opinion that it’s very strong not only in China, but elsewhere,” said Klein.

Although BESS is one of the fastest-growing segments of the battery market, Klein believes its growth potential is not fully understood. “The market’s probably still underestimating that narrative about battery energy storage,” he said, adding that it is only now starting to be understood by people who are in the industry.

“But for the broader, generalist investor who still equates lithium with EVs, they don’t fully understand the battery energy storage angle, so I think they’re still underestimating that,” said Klein. The market is projected to balloon from US$13.7 billion in 2024 to US$43.4 billion by 2030, growing at a compound annual growth rate of 21.3 percent.

Industry analysts expect BESS installations could expand from roughly 205 gigawatt-hours in 2024 to between 520 and 700 gigawatt-hours by 2030, driven by renewable integration, grid stability needs and declining costs.

While EVs have dominated the lithium narrative, Del Real said the real opportunity was “never just a play on EVs or hybrids — it was a play on grid storage, energy storage,” with cheaper battery cells unlocking faster adoption.

That mispricing has created a contrarian opportunity, he added, noting that lithium’s neglect over the past six months has rewarded patient investors. “It’s lonely in the forest sometimes,” Del Real said. But when sentiment turns, “the re-rating can be spectacularly profitable if you know how to play it.”

Lithium exploration budgets evaporate

Lithium exploration budgets were sharply reduced in 2025 as miners retrenched amid prolonged price weakness.

S&P Global’s 2025 corporate exploration strategies study shows that spending on lithium and other critical minerals exploration fell significantly, even as overall non-ferrous exploration dipped only slightly.

Lithium, which had previously broken the US$1 billion mark for exploration spending, saw its allocation cut as junior companies tightened their belts and delayed programs. Cuts were most pronounced in traditional exploration hubs such as Canada, Australia and the US, where weakened junior sectors hit budgets hardest; meanwhile, regions like Chile, Peru and Saudi Arabia recorded relative gains in broader exploration funding.

Lithium remains a structurally important exploration commodity despite a sharp pullback in spending, Kevin Murphy, director of metals and mining research at S&P Global, said during a December webinar.

Murphy described the metal’s rise over the past decade as a “lithium renaissance.”

Once “completely inconsequential for exploration,” lithium has become the third most explored commodity globally over the past five years, underscoring how central it has become to future-facing supply chains.

However, that momentum stalled in 2025 as ongoing price weakness forced a reset. Murphy said lithium exploration budgets were “absolutely gutted,” falling to roughly half of 2024 levels, a decline he described as expected given depressed prices and the completion of several late-stage programs that wrapped up in late 2024 and early 2025.

“The lithium price has been depressed for too long for the budgets to be resilient,” he said, framing the downturn as cyclical rather than structural.

Lithium stocks stage H2 rally

Speaking at this year’s Benchmark Week event in November, Sean Gilmartin, senior equity analyst at Bloomberg, explained that lithium equities staged a sharp rebound in H2 after years of underperformance.

After lagging broader materials and chemical indexes for much of the first half of the year, lithium stocks surged in the second half of the year, closely tracking rising spot prices.

“Over a three year window, lithium names were still very much lagging,” Gilmartin said, “but we’ve flipped the script in a few months. Year-to-date, we’re seeing on average 47 percent gains, closely aligned with spot markets.”

He attributed the turnaround to stronger-than-expected lithium demand, particularly from BESS, as well as supply curtailments in China, which have tightened the market.

Despite the rebound, he cautioned that volatility remains a defining feature of the lithium equities space.

“You need to have a long-term view, and you have to be very adherent to your thesis,” Gilmartin said, noting that the demand story remains intact and that fundamentals continue to support growth through 2026 and beyond.

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

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