Granite Creek Sells Hydrogen Projects
VANCOUVER, BC / ACCESS Newswire / April 29, 2025 / Granite Creek Copper Ltd. (TSX.V:GCX)(OTCPK:GCXXF) ('Granite Creek' or the 'Company') is pleased to announce that the company has entered into a sale and purchase agreement with Buscando Resources Corp. (CSE:BRCO) for the sale of the Company's wholly owned subsidiary, Element One Hydrogen Corp. The sale includes the Union Bay and Star Projects as well as the Element One Hydrogen brand. Granite Creek will receive total consideration of $150,000 CDN for this transaction. The transaction is expected to close within 30 days.
The Company will retain the rights to any re-imbursement for work completed on the Star project for 2024 and 2025 through the NRCan funded research project being completed in partnership with Kemetco Research (see news release dated February 24, 2025). The company will also retain the rights to any payments due to the company in connection with the first year of the option agreement the Company entered into with 1508260 B.C. Ltd (see news release dated December 17, 2024)
About Granite Creek Copper
Granite Creek Copper, a member of the Metallic Group of Companies, is a focused on the exploration and development of critical minerals projects in North America. The Company's projects consist of its flagship 177 square kilometer Carmacks project in the Minto copper district of Canada's Yukon Territory on trend with the formerly operating, high-grade Minto copper-gold mine and the advanced stage LS molybdenum project and the Star copper-nickel-PGM project, both located in central British Columbia. More information about Granite Creek Copper can be viewed on the Company's website at www.gcxcopper.com.
FOR FURTHER INFORMATION PLEASE CONTACT:
Timothy Johnson, President & CEO
Telephone: 1 (604) 235-1982
Toll Free: 1 (888) 361-3494
E-mail: [email protected]
Website: www.gcxcopper.com
Qualified Person
Debbie James P.Geo, has reviewed and approved the technical information pertinent to Ni-Cu-PGM mineralization contained in this news release. Ms. James is a Qualified Person as defined in NI 43-101.
Forward-Looking Statements
Forward Looking Statements: This news release includes certain statements that may be deemed 'forward-looking statements' or 'forward-looking information'. All statements in this release, other than statements of historical facts including, without limitation, statements regarding expected use of proceeds from the private placement and future plans and objectives of the company are forward-looking statements that involve various risks and uncertainties. Although Granite Creek Copper 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 or developments may differ materially from those in the forward-looking statements. Forward-looking statements are based on a number of material factors and assumptions. Factors that could cause actual results to differ materially from those in forward-looking statements include failure to obtain necessary approvals, unsuccessful 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, risks associated with regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, uninsured risks, 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 companies with securities regulators. Readers are cautioned that mineral resources that are not mineral reserves do not have demonstrated economic viability. Mineral exploration and development of mines is an inherently risky business. Accordingly, the actual events may differ materially from those projected in the forward-looking statements. For more information on Granite Creek Copper and the risks and challenges of their businesses, investors should review their annual filings that are available at www.sedarplus.ca.
Neither the 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.
SOURCE: Granite Creek Copper Ltd.
press release
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Miami Herald
13 minutes ago
- Miami Herald
Famous fast-food chain unveils bold new menu to win back customers
Expanding its menu from basic dishes to chef-curated creations may seem like an unexpected choice for a fast-casual restaurant. However, when aiming to attract a bigger audience, range is key if a chain needs to appeal to more taste buds. Don't miss the move: Subscribe to TheStreet's free daily newsletter A slowdown in consumer spending and inflation have started to affect even the most popular restaurant chains, causing many to close locations due to underperformance and sales declines. Related: McDonald's brings back unexpected breakfast item after 6 years Companies tend to make this move as a last resort to mitigate financial strain and reduce costs, so no more unnecessary debt accumulates. However, one restaurant chain made a strategic move that has worked in its favor, as it has managed to turn around its declining numbers. Image source: Shutterstock Noodles & Company has partnered with Food Network to release four new noodle-based dishes, renowned as the network's favorites. These new entrées were hand-picked by Food Network and include Basil Pesto Cavatappi, Buffalo Chicken Ranch Mac & Cheese, Rigatoni Rosa with Parmesan Chicken, and Lemon Garlic Shrimp Scampi. More Food News: Popular chicken chain menu brings back fan-favorite value combosPopular chicken chain launches its version of McDonald's wrapsPopular fast-food burger chain aims major comeback amid closures "We're excited to introduce guests to a lineup of reimagined favorites and bold new flavors that showcase our culinary expertise," said Noodles & Company SVP of Marketing Stephen Kennedy in a press release. "It's an honor to have four of our most popular noodle bowls selected by the experts at Food Network as 'Food Network Favorites.' These dishes promise to deliver comfort, indulgence, and creativity in every bowl - just as we always strive to do," he added. To strengthen its business, Noodles & Company (NDLS) initiated a menu revamp in March, adding new dishes and improving fan favorites to better meet consumer demands and attract new audiences. Related: Popular fast-food burger chain to open first store in new market This menu transformation resonated well with consumers, driving an increase in sales during the first quarter of 2025. Total revenues were up 2% compared to the prior year, and same-store sales increased 4.4% system-wide. However, in May 2025, Noodles & Company shared plans to close some of its more than 450 restaurants, including approximately 13 to 17 company-owned and four franchise locations in 2025. The chain attributed these closures to higher food costs and increased marketing expenses. This new round of menu improvements in partnership with Food Network might be just what Noodles & Company needs to prevent further restaurant closures. Related: Veteran fund manager unveils eye-popping S&P 500 forecast The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Yahoo
19 minutes ago
- Yahoo
Currency Exchange International Reports Second Quarter 2025 Results
TORONTO, June 11, 2025 (GLOBE NEWSWIRE) -- Currency Exchange International, Corp. (the 'Group' or 'CXI') (TSX: CXI; OTCQX: CURN), today reported net income of $1.98 million for the second quarter of 2025, 291% higher than the prior year (all figures are in U.S. dollars except where otherwise indicated). This 2025 reported net income reflected $2.7 million net income from continuing operations and a net loss of $0.7 million from Exchange Bank of Canada, the Company's Canadian subsidiary which was classified as discontinued operations effective the second quarter of 2025. These results include restructuring charges of $0.2 million, pre-tax, related to discontinued operations in Canada and certain one-time charges of $0.1 million, pre-tax. Excluding these items, the Group's adjusted net income1 increased by 18% compared to the prior year and adjusted diluted earnings per share1 ('EPS') was 24% higher than the prior year. The completed condensed interim consolidated financial statements and management's discussion and analysis ('MD&A') can be found on the Group's SEDAR profile at Q2, 2025 Reported Results EBITDA $4.9 million Up 10% YoY Net Income $1.98 million Up 291% YoY Diluted EPS $0.31Up 288% YoY Annualized ROE 5% Down 50% YoY Q2, 2025 Adjusted Results1 EBITDA1 $5.1 million Up 15% YoY Net Income1 $2.3 millionUp 18% YoY Diluted EPS1 $0.36 Up 24% YoY Annualized ROE1 12%Flat YoY Below is a reconciliation of reported results to adjusted results based on non-recurring items: Three-month period endedApril 30, 2025 Three-month period endedApril 30, 2024 Six-month period endedApril 30, 2025 Six-monthperiod endedApril 30, 2024 Reported results $ $ $ $ EBITDA 4,901,810 4,470,061 8,755,560 7,755,158 Group net income 1,983,025 506,522 2,795,555 1,356,397 Pre-tax adjusting items Specified item: Restructuring charges 229,404 - 229,404 - Specified item: Advisory costs* 145,452 - 425,513 - Specified item: Deferred tax assets reversal* - 1,427,600 - 1,429,850 1,427,600 654,917Impact of income tax (72,073) - (80,647) - Adjusted results** EBITDA 5,131,214 4,470,061 8,984,964 7,755,158 Group net income 2,285,808 1,934,122 3,369,825 2,786,247Group Diluted earnings per share Reported 0.31 0.08 0.44 0.21 Adjusted** 0.36 0.29 0.53 0.42 *These adjustments are reported within the results from discontinued operations. **These are non-GAAP financial measures and ratios. For further details, refer to the key performance and non-GAAP financial measures section below. Total revenue was 3% lower than the prior year due to a decline in consumer demand for foreign currency as travel activity tapered during the current quarter. Although revenue declined, the Company's net income for the second quarter rose compared to the same quarter last year, primarily due to the favorable impact of a weaker U.S. Dollar on the revaluation of foreign currency banknote holdings. The Group's capital position remained robust, and liquidity was strong with $81.2 million in total equity and $60.4 million in net working capital as of April 30, 2025 ($79.4 million and $55.9 million as of October 31, 2024, respectively). All reported amounts are based on the Group's condensed interim consolidated financial statements presented in compliance with International Accounting Standard 34 Interim Financial reporting, unless otherwise noted. On February 18, 2025, the Group announced its decision to cease the operations of its wholly owned subsidiary, Exchange Bank of Canada. This strategic decision and operational plan for restructuring were communicated to all staff of EBC on February 19, 2025. Following the cessation of operations, the Bank intends to apply to the Minister of Finance in Canada to discontinue from the Bank Act. The application to discontinue is expected to be made in the fourth quarter of 2025, with the actual discontinuance of the Bank being subject to receipt of all necessary regulatory approvals. Following the Group's decision, management has commenced implementation of the restructuring and planned discontinuance of the Bank. Management anticipates that certain operating expenses and personnel costs, that are currently shared with EBC, will be 100% borne by the continuing operations of CXI, subsequent to the exit of EBC from Canada, and the current annualized estimate of these costs is approximately $3 million after tax. In the second quarter of 2025, Exchange Bank of Canada was classified as a discontinued operation in the Group's condensed interim consolidated financial statements. On May 20, 2025, CXI upgraded its U.S. securities listing with the Company's shares commencing trading on the OTCQX Best Market under the symbol CURN. Randolph Pinna, CEO of the Group, stated, 'The second quarter showed continued growth in the payments business, while with the current political and economic uncertainties, international travel activity to and from the United States decreased banknote revenues. CXI's diversified business model in the United States allows for continued new client growth in the payments business complemented by successful multi-channel banknotes offerings for both our U.S. Financial Institutions in branch or online as well as the Direct-to-Consumer customer offerings through online, agent and physical branch locations. CXI's management team and I remain committed to executing CXI's strategic plan which is focused on revenue and earnings growth as well as the return on capital and creating value for our shareholders resulting from providing leading FX technology and transaction processing solutions'. Financial Highlights for the three-month periods ended April 30, 2025 and 2024: Revenue decreased by 3% or $0.5 million to $15.9 million compared to $16.4 million. Banknotes revenue decreased by 5% or $0.6 million over the prior period while Payments revenue increased by 5% or $0.1 million; Reported EBITDA increased by 10% or $0.4 million to $4.9 million from $4.5 million. Adjusted EBITDA2 was $5.1 million, 15% higher than the prior period; Reported Group net income was $1.98 million, a 291% increase compared to the prior period. Adjusted Group net income2 increased 18% or $0.4 million to $2.3 million from $1.9 million in the prior period; Reported earnings per share were $0.32 and $0.31 on a basic and fully diluted basis, respectively, compared to the prior year's reported earnings per share of $0.08 on both a basic and fully diluted basis. Adjusted earnings per share2 were $0.37 and $0.36 on a basic and fully diluted basis, respectively, compared to the prior year's adjusted earnings per share of $0.30 and $0.29; and The Group maintained a strong financial position, with net working capital of $60.4 million and total equity of $81.2 million as of April 30, 2025. Financial Highlights for the six-month periods ended April 30, 2025 and 2024: Revenue increased by 3% or $0.8 million to $31.3 million compared to $30.5 million. Payments revenue increased by 11% or $0.5 million and Banknotes revenue increased by 1% or $0.3 million over the prior period; Reported EBITDA increased by 13% or $1.0 million to $8.8 million from $7.8 million. Adjusted EBITDA3 was $9.0 million, 16% higher than the prior period; Reported Group net income was $2.8 million, a 106% increase compared to the prior period. Adjusted Group net income3 increased 21% or $0.6 million to $3.4 million from $2.8 million in the prior period; and Reported earnings per share were $0.45 and $0.44 on a basic and fully diluted basis, respectively, compared to the prior year's reported earnings per share of $0.21 on both a basic and fully diluted basis. Adjusted earnings per share3 $0.54 and $0.53 on a basic and fully diluted basis, respectively, compared to the prior year's adjusted earnings per share of $0.44 and $0.42. Corporate Highlights for the three-month period ended April 30, 2025: The Group continued its growth in the direct-to-consumer market through its network of company-owned branch locations, agent relationships, and in the majority of states where it operates its OnlineFX platform. During the second quarter of 2025, the Group added the State of Mississippi to its OnlineFX platform network, now operating in 45 states and the District of Columbia; The Group increased its banknotes market penetration into the financial institutions sector in the United States with the addition of 124 new clients in the second quarter of 2025; and The Group continued to grow its Payments product line benefiting from the recent investments in core banking platform integrations which enabled the Group to expand its reach and increase its volumes in the United States. The Group processed 45,788 payment transactions in the second quarter compared to 37,781 payment transactions in the prior period. Selected Financial Data The following table summarizes the performance of the Group over the last eight fiscal quarters: Results of Continuing Operations - Reported Group Net Results - Reported Group Net Results- Adjusted3 Quarterly Results Revenue Net income Earnings per share (diluted) Net income (loss) Earnings/(loss) per share (diluted) Net income Earnings per share (diluted) $ $ $ $ $ $ $ Q2 2025 15,865,150 2,674,849 0.42 1,983,025 0.31 2,285,808 0.36 Q1 2025 15,450,861 1,694,672 0.26 812,530 0.12 1,092,648 0.17 Q4 2024 18,460,390 3,313,852 0.50 (2,817,897) (0.45) 2,780,445 0.42 Q3 2024 19,961,122 5,122,815 0.77 3,935,350 0.59 4,644,984 0.69 Q2 2024 16,358,796 2,731,629 0.41 506,522 0.08 1,934,122 0.29 Q1 2024 14,141,018 2,020,274 0.30 849,874 0.13 849,874 0.13 Q4 2023 18,742,856 3,467,825 0.52 2,303,822 0.34 2,303,822 0.34 Q3 2023 19,416,155 4,650,604 0.69 4,056,478 0.60 4,056,478 0.60 Earnings Conference Call Details CXI plans to host a conference call on Thursday, June 12, 2025, at 8:30 AM (EST). To participate in or listen to the call, please dial the appropriate number: Toll Free - North America: (+1) 800 717 1738 Conference ID Number: 21262 About Currency Exchange International, Corp. Currency Exchange International is in the business of providing comprehensive foreign exchange technology and processing services for banks, credit unions, businesses, and consumers in the United States and select clients globally. Primary products and services include the exchange of foreign currencies, wire transfer payments, Global EFTs, and foreign cheque clearing. Wholesale customers are served through its proprietary FX software applications delivered on its web-based interface, ('CXIFX'), its related APIs with core banking platforms, and through personal relationship managers. Consumers are served through Group-owned retail branches, agent retail branches, and its e-commerce platform, ('OnlineFX'). Contact Information For further information please contact: Bill MitoulasInvestor Relations(416) 479-9547Email: KEY PERFORMANCE AND NON-GAAP FINANCIAL MEASURES The Group measures and evaluates its performance, as presented in this document, using a number of financial metrics and measures, such as adjusted net income, which do not have standardized meanings under generally accepted accounting principles (GAAP) and may not be comparable to other companies. The Group's management believes that these measures are more reflective of its operating results and provide the readers of this document with a better understanding of management's perspective on the performance. These measures enhance the comparability of our financial performance for the current year with the corresponding period in the prior year. For further information, including a reconciliation, refer to key performance and non-GAAP financial measures in the MD&A. CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION This press release includes forward-looking information within the meaning of applicable securities laws. This forward-looking information includes, or may be based upon, estimates, forecasts, and statements as to management's expectations with respect to, among other things, demand and market outlook for wholesale and retail foreign currency exchange products and services, future growth, the timing and scale of future business plans, results of operations, performance, and business prospects and opportunities. Forward-looking statements are identified by the use of terms and phrases such as 'anticipate', 'believe', 'could', 'estimate', 'expect', 'intend', 'may', 'plan', 'predict', 'preliminary', 'project', 'will', 'would', and similar terms and phrases, including references to assumptions. Forward-looking information is based on the opinions and estimates of management at the date such information is provided, and on information available to management at such time. Forward-looking information involves significant risks, uncertainties and assumptions that could cause the Group's actual results, performance, or achievements to differ materially from the results discussed or implied in such forward-looking information. Actual results may differ materially from results indicated in forward-looking information due to a number of factors including, without limitation, the competitive nature of the foreign exchange industry; evolving worldwide geopolitical developments and pandemics including COVID-19 all of which may continue to have a material adverse effect on global economic activity, and may continue to result in volatility and disruption to global supply chains, operations, mobility of people and the financial markets which impact personal and business travel, tourism and factors relevant to the Group's business; global economic deterioration negatively impacting tourism in general; currency exchange risks, the need for the Group to manage its planned growth, the effects of product development and the need for continued technological change, protection of the Group's proprietary rights, the effect of government regulation and compliance on the Group and the industry in which it operates, network security risks, the ability of the Group to maintain properly working systems, theft and risk of physical harm to personnel, reliance on key management personnel; volatile securities markets impacting security pricing in a manner unrelated to operating performance and impeding access to capital or increasing the cost of capital as well as the factors identified throughout this press release and in the section entitled 'Risks and Uncertainties' of the Group's Management's Discussion and Analysis for the three and six-month periods ended April 30, 2025 and 2024. Forward-looking information contained in this press release represents management's expectations as of the date hereof (or as of the date such information is otherwise stated to be presented) and is subject to change after such date. The Group disclaims any intention or obligation to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required under applicable securities laws. The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this press release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained in this press release. 1 These are non-GAAP financial measures and ratios and are not standardized financial measures under IFRS, they are based on management-determined non-recurring items. For further information, refer to the key performance and non-GAAP financial measures section on page 4 of this document. 2 These are non-GAAP financial measures and ratios and are not standardized financial measures under IFRS, they are based on management-determined non-recurring items. For further information, refer to the key performance and non-GAAP financial measures section on page 4 of this document.3 These adjusted results are non-GAAP financial measures and ratios and are not standardized financial measures under IFRS, they are based on management-determined non-recurring items. For further information, refer to the key performance and non-GAAP financial measures section on page 4 of this in to access your portfolio
Yahoo
an hour ago
- Yahoo
Pa. House passes bill to raise the minimum wage
The state Capitol in Harrisburg. (Capital-Star file) The state House voted along party lines Wednesday to raise the minimum wage to $15 for most Pennsylvanians, and to $12 for those working in smaller, rural counties. It's a significant step in the latest effort by Democrats to get it above the federal rate of $7.25. Pennsylvania's minimum wage has not been hiked since 2008 and is lower than all surrounding states — New York, Ohio, New Jersey, West Virginia, Maryland and Delaware. The measure's sponsor, House Labor and Industry Committee chair Jason Dawkins (D-Philadelphia), said the bill is in an attempt to compromise with Republicans who have long warned about the potential impacts on businesses, especially in smaller counties with a lower cost of living. 'Since I've been chair, we've been trying to figure out a different approach to get this done,' Dawkins told the Capital-Star. 'This time around, we had a little bit more insight into where our challenges lie, one particularly being that some of our counties were worried about moving too quickly, and some were not comfortable going over $12.' SUPPORT: YOU MAKE OUR WORK POSSIBLE A previous bill sponsored by Dawkins passed the House in 2023, but died in the Republican-controlled Senate. And in 2019, the Senate passed a Democratic-led bill to raise it to $9.25, which died in the then-GOP-controlled House. Dawkins' latest bill would see the minimum wage rise gradually each year, reaching $15 in most counties on Jan. 1, 2028. It would also raise the tipped minimum wage from $2.83 to 60% of the minimum. Counties with populations below 210,000, with the exception of Centre, Monroe and Pike counties, would only see the minimum wage rise to $12 in the same timeframe. A spokesperson for the House Democratic Caucus said the three smaller counties were put in the $15 bracket at the request of Democratic members who represent them. One exception to the gradual rise to $15 would be Philadelphia County, which Dawkins represents. There, the minimum wage would rise to $15 on January 1, 2026. 'Philadelphia has the highest population of folks who are in what we call deep poverty levels,' Dawkins said. He added there is particular urgency given the possibility some of those people may lose access to federal benefits like Medicaid and food assistance under a proposed bill moving through the GOP-controlled U.S. Congress. 'We wanted to have some type of safety net there because we know those folks might be losing benefits and other services,' he said. But Dawkins' attempt to offer an olive branch to GOP lawmakers in the form of gradual wage hike and a lower target in small counties appears to have failed in his own chamber. Every House Republican voted against the bill, and many criticized it during a two-hour debate on the floor Wednesday afternoon. 'Not every wage is designed to be a livable wage,' Minority Leader Jesse Topper (R-Bedford) 'My 16-year-old son is not working for a livable wage. Someone who is retired and is helping out part-time, that is not necessarily a livable wage.' He also warned that raising the minimum wage could result in the elimination of low wage jobs and harm small businesses in particular. Others opposed the very provisions Dawkins said were intended to earn bipartisan support. Rep. Kate Klunk (R-York) warned that creating different minimum wages across counties could lead to confusion for businesses that cross county lines, or encourage business owners to set up shop where the wage is lower. 'This county-based patchwork of minimum wages is going to be a mess,' Klunk said. She used examples of businesses with locations in York and Adams counties as examples, including golf courses that straddle the border between them. 'This bill is truly unworkable,' she said. 'It is a compliance nightmare.' Rep. Mike Jones (R-York) was one of few Republicans to signal openness to raising the minimum wage during debate, but said he could not support Dawkins' bill. 'I do commend the majority chair for what I think is a good faith attempt at a reasonable compromise,' he said. However, he added that he would want to see exceptions to the minimum wage for nonprofits and high-school aged employees. 'Potential to find middle ground' To become law, the bill will have to pass the Republican-controlled Senate. Senate Majority Leader Joe Pittman (R-Indiana) said that there may be room for compromise on a minimum wage increase, especially if paired with Republican-backed deregulation efforts he said could help grow 'maximum wage jobs.' 'Making sure working families have access to good, family-sustaining jobs is key to helping our commonwealth grow and thrive,' Pittman told the Capital-Star in a statement. 'There is potential to finding [sic] a middle ground for an increase, but any possible action would need to be a commonsense adjustment, and sensitive to the impact changes would have on small businesses and non-profit organizations.' Republican Sen. Dan Laughlin (R-Erie), who has previously introduced a bill to raise the minimum wage to $15, commended the House's effort, but said he would not support a bill with a county-by-county approach. 'While I appreciate that the House is trying to advance the conversation, I do not support HB 1549 in its current form,' Laughlin said in an emailed statement. 'A minimum wage tied to county size just deepens the economic divides we're supposed to be addressing. If we're going to get serious about raising the minimum wage, we need to do it uniformly across the state, not with a patchwork approach that leaves people behind based on where they live.' Laughlin was an early Republican supporter of raising the minimum wage to $15 in Pennsylvania. But national trends may indicate more openness from members of his party this time around. On Tuesday, conservative U.S. Sen. Josh Hawley (R-Missouri) introduced a bill to raise the minimum wage to $15 for all Americans. He told NBC News, 'If we're going to be a working people's party, we have to do something for working people. And working people haven't gotten a raise in years. So they need a raise.' His comments reflect an openness to his party's increasing appeal to working class voters that was made apparent in the latest general election, which saw them move away from their traditional support of Democrats. Dawkins, the Pennsylvania bill's sponsor, is also aware of the shift, and hopes that it will help the bill earn the support that it needs to pass. 'I'm excited by the prospects, but I'm also disappointed that there could be a federal minimum wage that's gonna be higher than the state minimum wage — and it's being offered by one of the most conservative members of Congress,' he joked. 'But I'm hopeful it'll help folks come around to the idea.' 'This is what I believe we got elected to do,' he added. SUBSCRIBE: GET THE MORNING HEADLINES DELIVERED TO YOUR INBOX
