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Chipotle Mexican Grill said Tuesday that it does not expect costs to rise much if tariffs on key imported ingredients go into effect next month, noting that only about half of its avocados come from Mexico.

A day earlier, President Donald Trump paused his plans for 25% tariffs on Mexican and Canadian imports. If implemented after the one-month suspension, imports such as avocados and beef would be more expensive for restaurants, which would likely try to pass on the increased cost to their diners.

But Chipotle executives shook off the tariff fears during the company’s earnings conference call on Tuesday. If tariffs aimed at Mexico, Canada and China all go into effect, Chipotle expects that its cost of sales would rise about 60 basis points, or 0.6 percentage points, according to Chief Financial Officer Adam Rymer.

Chipotle only sources about 2% of its sales from Mexico, importing produce such as avocados, tomatoes, limes and peppers, Rymer said.

In fact, while Mexico supplies roughly 90% of the avocados eaten in the U.S., Chipotle buys about half of its avocado supply from Colombia, Peru and the Dominican Republic, according to CEO Scott Boatwright. In recent years, Chipotle has taken steps to buy more of its avocados outside of Mexicohe told analysts.

Looking beyond Chipotle’s guacamole supply, less than 0.5% of Chipotle’s sales are sourced from Canada and China. Trump has already imposed a 10% tariff on Chinese imports.

In recent quarters, Chipotle has shown that it has pricing power, even as diners become more value-conscious.

For the fourth quarter, the company reported same-store sales growth of 5.4%, fueled by a traffic increase of 4%. Chipotle’s earnings topped Wall Street estimates, but a conservative forecast for its same-store sales growth sent shares down 5% in extended trading.

The outlook did not include the effect of any tariffs.

This post appeared first on NBC NEWS

President Donald Trump’s pick to serve as the next U.S. trade representative, Jamieson Greer, appeared before the Senate Finance Committee on Thursday and defended proposed tariffs from the Trump administration. 

Greer told lawmakers that the U.S. government previously raked in major funding from tariff revenues until the early 1900s, a time ‘when America truly was exploding as an international industrial powerhouse and we had a relatively high tariff rate.’

‘At the same time, we saw countries like the United Kingdom lowering their tariff rates and actually falling out of industrial competitiveness,’ Greer said to lawmakers. 

Greer also called for bolstering the U.S. manufacturing base, claiming that trade policy has major ramifications on economic and national security issues. 

‘If the United States does not have a robust manufacturing base and innovation economy, it will have little in the way of hard power to deter conflict and protect Americans,’ Greer said. ‘Trade policy can play an important role in ensuring that we have the economic security that leads to strong national security. I am convinced that we have a relatively short window of time to restructure the international trade system to better serve U.S. interests.’ 

Greer, who previously served as the chief of staff to the trade representative during Trump’s first term, played a key role in implementing tariffs during Trump’s first administration, the president said when unveiling Greer’s nomination. 

Specifically, Trump said Greer assisted with imposing tariffs on China and other nations and replacing the trade agreement with Canada and Mexico. 

A lawyer and Air Force Judge Advocate General’s Corps veteran with one deployment to Iraq, Greer’s role as U.S. trade representative would require him to negotiate with foreign governments on trade deals and disputes and membership of international trade bodies like the World Trade Organization. 

 

Greer’s confirmation hearing comes just after Trump announced he would impose new tariffs on Mexico, Canada and China. 

The White House announced Friday that in response to an ‘invasion of illegal fentanyl’ to the U.S., it would impose a 25% tariff on all goods entering the United States from Mexico and Canada, a 10% tariff on Canadian energy and a 10% tariff on all goods entering the U.S. from China. 

Tariffs against China went into effect Tuesday, although Trump agreed to push back tariffs against Mexico and Canada by at least one month after discussions with each respective country about securing the border.

As a result, Democratic lawmakers pressed Greer on whether the tariffs were aimed at renegotiating trade issues or about border security. 

Sen. Ron Wyden, D-Ore., said, ‘Donald Trump governs by whim and in trade that hurts American families.’ 

‘His tariff bluff created huge uncertainty that is costing American businesses and putting the global economy on what I would describe as a month to month lease,’ Wyden said. ‘Frankly, my top priority today is to figure out who the hell in the Trump administration is going to be in charge of trade, what they plan to do, and how this sort of bedlam is going to get straightened out.’

Some Republican lawmakers also voiced concerns with Trump’s tariff plans, and Sen. Steve Daines, R-Mont., said that agriculture communities in Montana suffered after Trump imposed tariffs in his first administration. 

Trump acknowledged on Friday the tariffs might result in ‘temporary, short-term disruption.’ But Democrats claim American taxpayers will end up hurting and paying the price. 

According to one Washington think tank, the nonpartisan Peterson Institute for International Economics, these rounds of tariffs are expected to cost U.S. households roughly $1,200 a year annually.

Fox News’ Louis Casiano contributed to this report. 

This post appeared first on FOX NEWS

Democrats succeeded Thursday in delaying a committee vote to advance the confirmation of FBI director nominee Kash Patel until next week at least. 

The vote, which was slated to happen at 10:15 a.m. on Thursday, was pushed to next week after Senate Democrats demanded a second hearing from the Trump-aligned former Defense Department official, citing concerns about his previous remarks and candor.

In a statement Tuesday night, Sen. Charles Grassley, R-Iowa., said attempts by top Judiciary Democrat Dick Durbin, D-Ill., and others to force Patel to testify again were ‘baseless’ as he already sat before the committee for more than five hours and disclosed ‘thousands of pages’ of records to the panel, as well as nearly 150 pages of responses to lawmakers’ written questions.

At a press briefing Thursday morning, Democrats criticized Patel for both his previous actions and his remarks made on podcasts, social media and in his book, saying that in their view, Patel failed to assuage any of their concerns last week during his nearly six-hour confirmation hearing, including questions of whether he would take moves to ensure the bureau can continue to act without political interference. 

Patel, they argued, failed to directly answer their questions on this topic.

They also said Patel failed to account for his previous statements to the extent required to head up the nation’s sprawling law enforcement agency. 

‘This appointment, the head of the FBI, is one of the most serious that the Senate Judiciary Committee should consider,’ Durbin, the ranking Democrat on the committee, told reporters. 

‘Kash Patel has no business being the director of the FBI,’ Sen. Chris Coons, D-Del., said Thursday, noting that he asked Patel three ‘simple, direct’ questions last week about how he would lead the bureau in an independent manner if confirmed. 

‘I asked him if he understood who the FBI works for, and he answered, essentially through the Department of Justice, the White House,’ Coons said. ‘I gave him another chance to answer not who they report to, but who they work for. And he said again, the White House.’

‘I asked if he would refuse a direct order from the President to do something inappropriate, immoral or illegal,’ Coons said, ‘and he would not answer.’

Sen. Amy Klobuchar, D-Minn., for her part, cited her own background as a prosecutor, a job she noted involves close work with federal law enforcement. ‘That nonpartisan, independent nature’ of the Justice Department and FBI ‘is really key to all the work and the belief in our justice system,’ she said.

‘To have an FBI nominee – think about this – who is repeatedly calling the people that he is supposed to be managing corrupt is beyond belief,’ she said. ‘And I am shocked that our Republican colleagues have not signified any concern about this nominee.’

 

Still, Democrats face limited options to further delay Patel’s confirmation in the near-term. 

Durbin told Fox News Thursday that their aim in delaying the hearing is to raise more public awareness about Patel’s previous actions, in hopes that doing so will shore up new opposition from some Republicans in the chamber.

Ultimately, lawmakers noted they can only delay Patel’s committee vote through next week. Beyond that, they said, it is up to Republicans.

‘The president has chosen a nominee – a disappointing choice – in Kash Patel,’ Sen. Alex Padilla, D-Calif., told reporters. ‘Now it’s up to the Senate to either confirm this nominee or not,’ he said, adding that it’s ‘clear where Senate Democrats stand.’

‘I think my biggest question is where are Senate Republicans going to stand at this important moment in history.’ Padilla continued. ‘Will they choose the rule of law? Will they choose the Constitution?’ he said, ‘Or will they choose loyalty to a reckless president?’

‘We’ll soon find out.’

This post appeared first on FOX NEWS

In President Donald Trump’s first term in the White House, the U.S. Agency for International Development (USAID) was rife with ‘corrruption’ as staffers were intent on ‘subverting the president’s will,’ on policy matters and sending taxpayer dollars overseas to further DEI and LGBT advocacy initiatives, a former USAID official told Fox News Digital in an interview.

‘A lot of them were beholden or had ties to the previous administration, the Obama administration, [and] the large majority of them had voted for Hillary Clinton in 2016,’ Mark Moyar, who worked in the department from 2018 to 2019, said. 

‘Now some of them did as they were told, but there was a large resistance element. And in one case, I was at a meeting, and they talked about how there was this aid going into Syria, and we needed to hide it from the White House, because we don’t want President Trump finding out about it and canceling it.’

‘They apparently just forgot I was in the room,’ he added. 

Moyar resigned from his position in July 2019 after his security clearance was suspended due to a dispute over him publishing a book – ‘Oppose Any Foe: The Rise of America’s Special Operations Forces’ before the Defense Department was able to complete a prepublication review for potentially classified information, according to a court document.

While USAID did not officially terminate his employment, Moyar said he was effectively ‘fired’ without due process. He has also alleged that the suspension of his security clearance was a form of retaliation for reporting waste, fraud and abuse within the agency.

Moyar said significant amounts of money were being spent at USAID without the knowledge of political appointees. He described a case from 2019, ‘more than halfway through the administration,’ where officials discovered a ‘big slush fund that none of his political appointees knew about.’ 

Once it was exposed, they were able to take action, but he emphasized that such issues were widespread across the agency. He also pointed to numerous conflicts of interest, where employees used their positions to benefit private businesses in which they had a stake – something he described as ‘totally illegal.’

Moyar explained that what ultimately led to getting in trouble at the department was reporting an office director who was not only using his role to assist a specific company but was also ‘the Chairman of the Board of that company.’ Despite previous reports being made about the misconduct, he said no action was taken. Instead, he said the agency ‘helped him find employment at another federal agency, the Department of Defense, so he ends up OK.’

‘Meanwhile, they come after me and try to accuse me of publishing classified information and use that as a pretext to have me fired,’ Moya said. ‘And I’m 100% sure this is fraudulent. I’ve actually sued the government to turn over the records, and still, five years later, the Department of Justice is fighting me. But it’s part of a larger pattern where the people who report the corruption are the ones who get kicked out, and the ones who are engaged in corruption thrive within the organization.’

Moyar added this is part of why such ‘radical’ changes are happening in real time at the USAID, as Trump and the Department of Government Efficiency (DOGE) – the government accountability unit headed by billionaire Elon Musk – effectively shut down the $40 billion agency on Monday.

The former director also detailed instances of government waste dating back to Trump’s first term, saying it;s ‘so important to get into the records of the agency’ to determine how many taxpayer dollars have been used on wasteful initiatives. 

Uncovering the full extent of DEI-related spending at USAID will take significant effort, as much of it has been ‘disguised or rebranded,’ Moyar said. He noted that while it’s clear a ‘huge amount’ has already been spent, the actual figure is likely even higher. He also criticized the push for DEI abroad, calling it not only a ‘ridiculous ideology’ but one that is actively harming U.S. relations with other countries. ‘Most other countries look at this DEI stuff and say, ‘This is crazy,’’ he said, adding that efforts to promote a ‘radical LGBTQ agenda’ overseas have sometimes been met with resistance.

‘So I think we’re going to find a great amount of waste, fraud and abuse, especially because the Inspector General, I think, has been asleep at the wheel,’ Moyar said. ‘In the weeks and months to come, we’re going to hear a lot of horror stories about how USAID has been misusing the money.’

USAID was set up in the early 1960s to act on behalf of the U.S. to deliver aid across the globe, particularly in impoverished and underdeveloped regions. The Trump administration alleges that much of the spending has been wasteful, promoting a liberal agenda around the world. 

Fox News Digital has reached out to the State Department, Department of Defense and USAID for comment.

Fox News Digital’s Stephen Sorace contributed to this report. 

This post appeared first on FOX NEWS

A federal judge on Friday temporarily blocked the Department of Government Efficiency (DOGE) from obtaining access to certain Treasury Department payment records.

Treasury officials ‘will not provide access to any payment record or payment system of records maintained within the [Treasury] Bureau of Fiscal Service,’ Judge Colleen Kollar-Kotelly wrote in a temporary restraining order.

That program handles an estimated 90% of federal payments. 

The order comes after the Justice Department on Wednesday agreed in a proposed court order to limit access to the sensitive records to only two ‘special government employees’ within DOGE, who will have read-only permission. Kollar-Kotelly approved the motion in a brief order Thursday.

Several government employee unions brought suit over who could access the material as part of a government-wide evaluation of programs and systems, led by DOGE. 

The lawsuit claimed Treasury Secretary Scott Bessent allowed improper access to Elon Musk’s team, potentially exposing personal financial information to unauthorized individuals. 

Under the order, only Musk ally Tom Krause, CEO of Cloud Software Group, and Marko Elez – an engineer and former Musk company employee — will continue to have access to Treasury’s Fiscal Service, but they will not be allowed to make any changes to the program. 

The order identifies both Krause and Elez as ‘Special Government Employee[s] in the Department of the Treasury.’

This post appeared first on FOX NEWS

Panama has denied the U.S. State Department’s claim that the country will eliminate fees for U.S. government vessels transiting the Panama Canal, just one day after the State Department initially announced a deal.

The Panama Canal Authority, which is authorized to set tolls and other fees for vessels that transit the canal, said in a statement on Thursday that it has not made any adjustments to these tolls and fees. The statement added that the Panama Canal Authority ‘is ready to establish a dialogue’ with U.S. officials regarding the transit of U.S. warships.

The State Department on Wednesday announced a new deal with the government of Panama that will eliminate charge fees for U.S. government vessels.

‘The government of Panama has agreed to no longer charge fees for U.S. government vessels to transit the Panama Canal,’ the State Department wrote in an X post Wednesday night.

The new agreement would have saved the U.S. government millions of dollars a year, officials noted.

Panama President José Raúl Mulino promised on Sunday to end a key development deal with China after meeting with Secretary of State Marco Rubio. 

During his visit, former Florida Senator Rubio wrote in a post on X that ‘the United States cannot, and will not, allow the Chinese Communist Party to continue with its effective and growing control over the Panama Canal area.’ 

President Donald Trump, who has openly criticized the six-figure premiums imposed on U.S. ships traveling through, has suggested repurchasing the canal.

It was built over decades by the U.S., but was later handed over to Panama during the Carter administration.

A newly introduced bill called the ‘Panama Canal Repurchase Act’ would give Trump and Rubio the authority to negotiate with Panama to repurchase the canal.

More than 70 percent of all vessels traveling through the canal are inbound or outbound to U.S. ports, according to the State Department. It is also a key transit point for U.S. Coast Guard and Department of Defense vessels. 

Ships would need to travel 8,000 additional miles around South America to avoid using the pathway.

Fox News Digital requested comment from the State Department, but did not immediately receive a response as of Wednesday night.

Fox News Digital’s Danielle Wallace and Stepheny Price contributed to this report.

This post appeared first on FOX NEWS

The gift was an allusion to a deadly September operation carried out by Israel in Lebanon, which targeted pagers used by members of the Iran-backed militant group Hezbollah.

On September 17, thousands of explosions struck Hezbollah members, targeting their pagers and then walkie-talkies a day later.

The blasts killed at least 37 people, including some children, and injured nearly 3,000, many of them civilian bystanders, according to Lebanese health authorities.

In return, on Tuesday, Trump gave Netanyahu a signed photograph of the two of them. He signed the photograph, “To Bibi, A great leader!,” according to a photo on Instagram posted by his son, Yair Netanyahu.

This post appeared first on cnn.com

Shattered glass and a broken door covered with police tape mark the entrance to the apartment where the reported suspect in Sweden’s worst mass shooting is believed to have lived as a recluse.

Rickard Andersson, 35, has been named by the Swedish national broadcaster and multiple media outlets, including Reuters, citing police sources, as the man who opened fire, killing 10 people and himself, at an adult education center in Örebro, Sweden.

Police said that the attacker was not known to them, that he was not connected to any gangs and that he was not believed to be acting based on ideological motives.

PJ Samuelsson has lived next door to Andersson since May last year but says he has never seen or even heard his neighbor.

He says he was in a state of shock after returning home on Tuesday and finding his quiet apartment block surrounded by heavily armed police.

He said he knows “nothing at all” about his neighbor Andersson. “I’ve only seen his name on the door, that’s the only thing,” describing it as “very unusual” because he says hello daily to his other neighbors in the small block.

He said he doesn’t know why his neighbor acted like a recluse but knowing he is the suspect is “terrible.” He said it’s a “disgusting” thought that he had weapons next door.

Andersson’s name and social security number matched the same address that was held on record by the Swedish tax agency.

Bergqvist told a news conference Thursday: “We have a perpetrator who was found inside the school and he was not known to us from before.

“He has a gun license for four guns and all these four guns have been confiscated. Three of those weapons were next to him when police secured him inside the building.”

Bergqvist added that “there is information that he is somehow connected to the school, that he may have attended this school before. But that is also something that we need to look deeper into to be able to fully confirm.”

She said the 10 victims of the killing have “different nationalities, different ages and different sex” and that no motive has been confirmed yet.

On Wednesday night, grief and shock were heavy in the air as a steady stream of mourners came to pay their respects at a candlelight vigil Wednesday night by the side of a busy road, next to a small housing estate and opposite the school where Tuesday’s events unfolded.

A dozen firefighters were among the crowd, standing in silence, their heads bowed.

“They came here to learn, not to die,” said Jenny Samuelsson, whose sister-in-law died in the shooting. She said she only learned the news of her family’s loss this afternoon, 24 hours after her sister-in-law, Camille, was killed.

Camille had been studying to become a nurse, according to Jenny. “They were here to help others, to learn. I have no words,” she said, choking on her emotion. “I can’t explain the hole I have in my heart. And why? There is no answer, so what question can I even ask?”

Hundreds of candles flickered in the cold night air. The young and the old arrived clutching white candles, ready to light them, along with flowers, and handwritten notes paying tribute to those killed in Tuesday’s massacre.

“You are in our hearts, rest in peace,” said one, written in Swedish. On another note, in English, read John Donne’s poem ‘No Man Is An Island.’

Two 17-year-old boys, who had been friends from primary school, stood arm in arm after bumping into each other at the vigil. They spoke of their shock over what happened, how they were forced to lock down in their high schools as the events played out. They came to show their support, they said.

The emotion was palpable. School shootings are rare in Sweden and there is real shock that the peace of this small Swedish city has been so violently shattered.

This post appeared first on cnn.com

Zodiac Gold Inc. (TSXV: ZAU) (‘Zodiac Gold’ or the ‘Company’), a West-African gold exploration company, announces further to the Company’s news releases dated November 20, 2024, and January 3, 2025, it has closed its private placement for gross proceeds of approximately C$123,000 with no further tranches closed. The Company will commence a new offering of units for C$0.07 per unit for aggregate gross proceeds of up to C$1,000,000 (the ‘New Financing’).

In connection with the end of the previous financing and the commencement of the New Financing, the Company also intends to amend the exercise price of the 1,230,000 share purchase warrants issued pursuant to the previous financing from C$0.15 per share to C$0.12 per share. The proposed amendment is subject to the receipt of all necessary approvals from the TSX Venture Exchange (‘TSXV‘).

New Financing Terms

The New Financing will consist of an offering of units of the Company (the ‘Units‘), on a non-brokered private placement basis, for aggregate proceeds of up to C$1,000,000. The Offering is being led by existing shareholders.

Pursuant to the New Financing, the Company intends to issue up to 14,285,715 Units at a price of C$0.07 per Unit (the ‘Issue Price‘). Each Unit will consist of one common share of the Company (a ‘Common Share‘) and one Common Share purchase warrant (a ‘Warrant‘). Each Warrant will entitle the holder to purchase one Common Share (a ‘Warrant Share‘) at an exercise price of C$0.12 per Warrant Share for a period of 24 months following the closing of the Offering.

The Company intends to use the proceeds from the New Financing to fund continued exploration at its flagship Todi Gold Project, Bomi South, and Bong West licences in the Republic of Liberia, West Africa and for working capital purposes.‎

Closing of the New Financing is anticipated to be completed in February 2025 and may occur in tranches. Closing is subject to the receipt of all necessary approvals from the TSXV.

Finders Fees

Subject to the approval of the TSXV, the Company may pay finders’ fees to certain eligible finders of up to 7% in cash of the gross proceeds raised in the New Financing from subscribers introduced to the Company by such finders and up to 7% in finders warrants (the ‘Finder Warrants‘) of the aggregate number of Units placed by such finders. Each Finder Warrant will entitle the holder thereof to purchase one Common Share at the Issue Price and will be exercisable for a period of 24 months from the closing of the New Financing.

Hold Period

The securities issued pursuant to the New Financing shall be subject to a four-month plus one day hold period commencing on the day of the closing of the New Financing under applicable Canadian securities laws.

Insider Participation

Certain directors of the Company are expected to acquire Units under the New Financing. Such participation will be considered to be a ‘related party transaction’ as defined under the policies of the TSXV and Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (‘MI 61-101‘). The Company anticipates relying on exemptions from the minority shareholder approval and formal valuation requirements applicable to the related-party transactions under sections 5.5(a) and 5.7(1)(a), respectively, of MI 61-101, as neither the fair market value of the Units to be acquired by the participating directors nor the consideration to be paid by such directors is anticipated to exceed 25% of the Company’s market capitalization.

Revised Debt Settlement

The Company has amended the terms of the debt settlement agreement with David Kol and certain service providers of the Company that was originally announced on January 3, 2025. Pursuant to the revised debt settlement agreement, the Company has agreed to issue an aggregate of 2,377,504 Common at a deemed price of C$0.07 per Common Share to settle a total indebtedness of C$166,425.30.

The disinterested members of the Company’s board of directors believe that the revised debt settlements are in the best interests of the Company and have unanimously approved them. Completion of the revised debt settlements is subject to the receipt of all necessary TSXV approvals.

Because insiders will be participating in the debt settlement, it is considered to be a ‘related party transaction’ as defined under the policies of the TSXV and Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (‘MI 61-101’). The Company is relying on exemptions from the minority shareholder approval and formal valuation requirements applicable to the related-party transactions under sections 5.5(a) and 5.7(1)(a), respectively, of MI 61-101, as neither the fair market value of the Common Shares to be issued to the participating insiders nor the consideration received from them exceeds 25% of the Company’s market capitalization.

The securities issued pursuant to the debt settlement shall be subject to a four-month plus one day hold period commencing on the day of the closing of the debt settlement under applicable Canadian securities laws.

About Zodiac Gold

Zodiac Gold Inc. (TSXV: ZAU) is a West-African gold exploration company focused on its flagship Todi Project situated in Liberia-an underexplored, politically stable, mining-friendly jurisdiction hosting several large-scale gold deposits. Strategically positioned along the fertile Todi Shear Zone, Zodiac Gold is developing a district-scale gold opportunity covering a vast 2,316 km2 land package. The project has undergone de-risking, showcasing proven gold occurrences at both surface and depth, with five drill-ready targets and high-grade gold intercepts.

For further information, please visit the Zodiac Gold website at www.zodiac-gold.com or contact:

David Kol
President & CEO
info@zodiac-gold.com

Forward Looking Information

This news release includes certain ‘forward-looking statements’ within the meaning of Canadian securities legislation.

Forward-looking statements include predictions, projections, and forecasts and are often, but not always, identified by the use of words such as ‘seek’, ‘anticipate’, ‘believe’, ‘plan’, ‘estimate’, ‘forecast’, ‘expect’, ‘potential’, ‘project’, ‘target’, ‘schedule’, ‘budget’ and ‘intend’ and statements that an event or result ‘may’, ‘will’, ‘should’, ‘could’ or ‘might’ occur or be achieved and other similar expressions and includes the negatives thereof. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the Company’s planned exploration programs and drill programs and potential significance of results are forward-looking statements that involve various risks and uncertainties. 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. Forward-looking statements are based on a number of material factors and assumptions. Important factors that could cause actual results to differ materially from Company’s expectations include actual exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital, and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, defects in title, availability of personnel, materials, and equipment on a timely basis, accidents or equipment breakdowns, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same, and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities regulators. Although the Company has attempted to identify important factors that could cause actual actions, events, or results to differ from those described in forward-looking statements, there may be other factors that cause such actions, events, or results to differ materially from those anticipated. There can be no assurance that forward-looking statements will prove to be accurate, and accordingly readers are cautioned not to place undue reliance on forward-looking statements.

The securities described herein have not been, and will not be, registered under the United States Securities Act, or any state securities laws, and accordingly may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a solicitation to buy any securities in any jurisdiction.

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.

NOT FOR DISSEMINATION IN THE UNITED STATES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/239836

News Provided by Newsfile via QuoteMedia

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(TheNewswire)

Opawica Explorations Inc.

February 6th, 2024 Vancouver, B.C. TheNewswire – Opawica Explorations Inc. . (TSXV:OPW) (FSE:A2PEAD) (OTC:OPWEF) (the ‘Company’ or ‘Opawica’) has engaged the services of RJLL Forage Drilling (‘RJLL’) of Rouyn-Noranda, QC, to conduct drilling on the Bazooka Property (‘Bazooka’) in the Abitibi Gold Belt. The company possesses over 100 years of drilling expertise, including extensive prospecting experience in the Abitibi region, having undertaken successful drill programs with numerous exploration and Major companies in the area.

Blake Morgan, Chief Executive Officer of Opawica, stated: ‘This drill program really will enhance our potential to discover more of Bazooka’s gold mineralization. After intersecting visible gold in multiple holes during our last drill program, we expect significant improvements in targeting as we integrate AI and other advanced geo-mapping tools. With over 20,000m in high priority targets the team is eager to begin its 2025 drill campaign.’

Opawica’s Bazooka property is adjacent to Yamana Gold’s Wasamac property, which hosts a proven gold resource of 1,767,000 oz. Other major gold mining companies, including Agnico Eagle Mines, are also located within close proximity. Previous drilling campaigns from 2003 to 2005 found extensive evidence of gold bearing minerals on the property. With high grade drill intercepts ranging from 7.5gpt over 25.77m, 77gpt over 5.5m reaching up to 316.23 grams per tonne over a 1-meter section in Hole #BA-03-02A.


Click Image To View Full Size

Yvan Bussieres, P.Eng., has reviewed and approved the technical content of this news release. * The Qualified Person has been unable to verify the information on the adjacent properties. Mineralization hosted on adjacent and/or nearby and/or geologically similar properties is not necessarily indicative of mineralization hosted on the Company’s properties.

About Opawica Explorations Inc.

Opawica Explorations Inc. is a junior Canadian exploration company with a strong portfolio

of precious and base metal properties within the Rouyn-Noranda region of the Abitibi Gold

Belt in Québec. The Company’s management has a great track record in discovering and

developing successful exploration projects. The Company’s objective is to increase

shareholder value through the development of exploration properties using cost effective

exploration practices, acquiring further exploration properties, and seeking partnerships by

either joint venture or sale with industry leaders.

FOR FURTHER INFORMATION CONTACT:

Blake Morgan

President and Chief Executive Officer

Opawica Explorations Inc.

Telephone: 236-878-4938

Fax: 604-681-3552

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

Forward-Looking Statements

This news release contains certain forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company. Readers are cautioned that these forward-looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected including, but not limited to, market conditions, availability of financing, actual results of the Company’s exploration and other activities, environmental risks, future metal prices, operating risks, accidents, labor issues, delays in obtaining governmental approvals and permits, and other risks in the mining industry. All the forward-looking statements made in this news release are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR+ at www.sedarplus.ca. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required by applicable law.

Copyright (c) 2025 TheNewswire – All rights reserved.

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