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Here’s a quick recap of the crypto landscape for Friday (June 20) as of 9:00 p.m. UTC.

Get the latest insights on Bitcoin, Ethereum and altcoins, along with a round-up of key cryptocurrency market news.

Bitcoin and Ethereum price update

Bitcoin (BTC) is priced at US$103,366, a decrease of 0.9 percent in the last 24 hours. The day’s range for the cryptocurrency brought a low of US$102,624 and a high of US$106,042 as the market opened.

Bitcoin price performance, June 20, 2025.

Chart via TradingView.

The Bitcoin price stalled after reaching around US$106,500, then sank below US$104,000 as an unusually large expiry of options and futures contracts worth US$6.8 trillion occurred on US stock indexes.

The US Federal Reserve held interest rates steady on Wednesday (June 18), but Christopher Waller, a member of the Federal Reserve Board of Governors, said a cut is possible next month if inflation remains controlled.

Cuts typically boost risk assets like Bitcoin. Markets have already pushed the US dollar index to a three year low, so a surprise rate cut could further weaken the dollar and propel Bitcoin forward.

Ethereum (ETH) is currently priced at US$2,415.98, a 3.5 percent decrease over the past 24 hours. Its lowest valuation on Friday was US$2,396.50, and its highest valuation was US$2,556.46 as trading commenced.

Altcoin price update

  • Solana (SOL) was priced at US$139.45, down 4.1 percent over 24 hours. SOL experienced a low of US$136.98 after peaking at its opening price of US$147.68.
  • XRP pulled back from its opening price of US$2.17, its highest valuation of the day, to trade at US$2.12 as the markets wrapped, a 2.1 percent decrease in 24 hours. Its lowest valuation on Friday was US$2.09.
  • Sui (SUI) closed at US$2.72, a declineof 3.9 percent over the past 24 hours. Its price also peaked this morning at US$2.85 and its lowest valuation was US$2.66.
  • Cardano (ADA) is priced at US$0.5783, down 3.6 percent in 24 hours. Its lowest valuation on Friday was US$0.5636, and its highest valuation was US$0.6044.

Today’s crypto news to know

Coinbase launches Stablecoin payments platform for e-commerce

Coinbase Global (NASDAQ:COIN) has unveiled a new product called Coinbase Payments, designed to help online retailers accept stablecoins like USDC with minimal friction. The system is built to mirror traditional card infrastructure so that merchants can plug it in without having deep cryptocurrency knowledge.

The platform targets marketplaces such as Shopify (TSX:SHOP,NYSE:SHOP) and eBay (NASDAQ:EBAY), giving small to medium businesses a cost-effective alternative to credit card fees.

Shopify is the first to integrate the system, allowing merchants to accept USDC payments through Coinbase’s Layer 2 Base network. The platform supports crypto wallets like Coinbase Wallet, MetaMask and Phantom and includes features for transaction authorization, refunds and recurring payments.

Circle surges as Senate approves Stablecoin Bill

Circle (NYSE:CRCL) shares continued to rally on Friday, jumping another 11 percent after a 34 percent surge the day before, as momentum builds behind a Senate-approved bill to regulate stablecoins.

The GENIUS Act, a bipartisan effort, could bring long-awaited legal clarity to stablecoin issuers like Circle, which manages the US$32 billion USDC token. Although the bill still needs approval from the House and requires a signature from US President Donald Trump, investors are already optimistic.

Circle shares are now trading at US$221, up from an initial public offering price of just US$31 — signaling massive investor confidence amid a changing regulatory climate.

South Korea’s central bank weighs in on stablecoins

Bank of Korea Governor Rhee Chang-yong said at a press conference this week that the central bank is not opposed to a won-based stablecoin, but is concerned about managing the FX of the token, according to Reuters report.

‘Issuing won-based stablecoin could make it easier to exchange them with a dollar stablecoin rather than working to reduce the use of a dollar stablecoin. That in turn could increase demand for dollar stablecoin and make it difficult for us to manage forex,’ Chang-yong told reporters in Seoul.

Earlier this month, South Korea’s Democratic Party proposed the Digital Asset Basic Act, which aims to establish a regulatory framework to enable local companies to issue won-denominated stablecoins.

Parataxis to launch institutional Bitcoin treasury company

Parataxis Holdings, an affiliate of digital asset-focused investment company Parataxis Capital Management, announced Friday that it has entered a definitive agreement to acquire a controlling interest in biotech company Bridge Biotherapeutics (KOSDAQ:288330) for an investment of 25 billion South Korean won, roughly US$18.5 million.

Following the closing of the deal, Parataxis will become Parataxis Korea and be repurposed as a treasury vehicle for institutional Bitcoin exposure, joining a growing list of companies holding Bitcoin on their balance sheet.

“Inspired by the growing interest in BTC treasury strategies seen in companies like Strategy in the US and Metaplanet in Japan, we believe institutional interest in this space is increasing globally,” said Andrew Kim, a partner at Parataxis Capital. “We see South Korea as an important market in the evolution of BTC adoption.”

“We are incredibly excited to create the first BTC treasury company in South Korea backed by an institutional-grade platform. Given the strategic nature of BTC on the global stage and its finite supply, we believe that building and growing a company like Parataxis Korea and accumulating a BTC treasury will benefit our shareholders as well as the country over the long run,” echoed founder Edward Chin.

Kraken introduces Bitcoin staking with Babylon partnership

Kraken, a leading cryptocurrency exchange, made a landmark announcement on Thursday (June 19), revealing a strategic partnership with Bitcoin staking protocol Babylon to introduce a staking product that allows Kraken users to earn interest on their Bitcoin holdings without the need for bridging, wrapping or lending.

These traditional methods, while enabling some forms of yield generation, can introduce additional risks and technical hurdles for users. Kraken and Babylon aim to provide a more streamlined, secure and accessible way for Bitcoin holders to generate passive income. The interest earned through this new product will come in the form of BABY tokens, the native cryptocurrency of the Babylon protocol.

Arizona advances bill to create state Bitcoin reserve

Arizona is one step closer to becoming the second US state with an official Bitcoin reserve, after its Senate narrowly passed House Bill 2324. The bill allows the state to hold abandoned digital assets as unclaimed property and establishes a Bitcoin and digital assets reserve fund for those holdings. The news comes on the heels of House Bill 2749, which was signed into law in April and amended Arizona’s forfeiture laws to recognize digital assets.

HB2324 will now return to the House for final approval before heading to the governor’s desk. Earlier efforts to invest seized funds directly into BTC were vetoed by Governor Katie Hobbs, who cited concerns over crypto’s volatility.

If passed, Arizona would join New Hampshire in formalizing a state-level Bitcoin reserve.

Similar legislation is pending in Texas.

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

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

This post appeared first on investingnews.com

Friday (June 20) was the last day for the spring session of Canada’s parliament before its summer break.

On the agenda for the day was a vote on bill C-5, “The One Canadian Economy Act,” which was introduced on June 5.

The bill is in part a response to the recent shift in US trade policy under Donald Trump’s administration. It will provide a new framework to fast-track projects of national interest, including mining and energy projects, to boost Canada’s economy.

However, it hasn’t been without controversy. Primarily, it has been met with opposition from some Indigenous groups, who feel it will override treaty obligations and environmental review processes.

In parliament, it also met some resistance from the conservative opposition, who amended the bill to close loopholes they felt would allow the government to skirt conflict of interest and lobbying laws.

The bill is widely expected to pass the House of Commons and the Senate, with broad support from the Conservative Party.

Also on Friday, Statistics Canada released April’s monthly mineral production survey.

The data shows across-the-board declines in both production and shipments of copper, gold and silver from the previous month.

Copper production dropped the most in April, down to 35.1 million kilograms from 40.1 million in March, while shipments slipped to 30.1 million kilograms from the 50.5 million recorded the previous month.

Gold and silver production fell slightly, with gold declining from 17,059 to 16,708 kilograms, and silver declining from 26,700 to 25,412 kilograms. However, shipments of both fell more precipitously between March and April. Gold shipments dropped from 19,049 to 14,848 kilograms, while silver shipments fell from 29,578 to 22,106 kilograms.

In the United States, the Federal Reserve held its fourth meeting of the year to determine the direction of the benchmark Federal Funds Rate on Tuesday (June 17) and Wednesday (June 18).

The central bank decided to hold the rate at the current 4.25 to 4.5 percent range, which it last set in November 2024. The decision comes as it awaits the effects of tariffs to be felt more broadly in the economy, noting uncertainty whether it will be a one-time shock or be more persistent through the rest of the year.

The decision fell in line with analysts’ expectations, who are not predicting a rate cut until the Fed’s September meeting.

Markets and commodities react

In Canada, major indexes were mixed at the end of the week. The S&P/TSX Composite Index (INDEXTSI:OSPTX) was largely flat, posting a small 0.14 percent loss during the week to close at 26,497.57 on Friday. The S&P/TSX Venture Composite Index (INDEXTSI:JX) fared worse, losing 2.18 percent to 711.18, although the CSE Composite Index (CSE:CSECOMP) jumped 1.58 percent to 117.36.

US equities were all in negative territory this week, with the S&P 500 (INDEXSP:INX) losing 0.55 percent to close at 6,967.85, the Nasdaq-100 (INDEXNASDAQ:NDX) slipping 0.23 percent to 21,626.39 and the Dow Jones Industrial Average (INDEXDJX:.DJI) sinking 0.88 percent to 42,206.83.

The gold price was down this week, losing 0.42 percent to US$3,371.39 at by Friday’s close. Although it jumped to a high of US$37.29 mid-week, the silver price pulled back and ultimately lost 0.82 percent to end the week at US$36.02.

In base metals, the COMEX copper price gained 1.88 percent over the week to US$4.88 per pound. Meanwhile, the S&P GSCI (INDEXSP:SPGSCI) posted a gain of 5.47 percent to close at 580.99.

Top Canadian mining stocks this week

How did mining stocks perform against this backdrop?

Take a look at this week’s five best-performing Canadian mining stocks below.

Stock data for this article was retrieved at 4 p.m. EDT on Friday using TradingView’s stock screener. Only companies trading on the TSX, TSXV and CSE with market capitalizations greater than C$10 million are included. Mineral companies within the non-energy minerals, energy minerals, process industry and producer manufacturing sectors were considered.

1. Royalties Inc. (CSE:RI)

Weekly gain: 183.33 percent
Market cap: C$24.75 million
Share price: C$0.085

Royalties Inc. is a company focused on building cash flow through the acquisition mineral and music royalty assets.

The company has a 100 percent interest in the Bilbao silver property in Zacatecas, Mexico, which hosts silver, zinc and lead deposits. As silver prices improve, the company is seeking to monetize the property.

Shares in Royalties Inc. surged this week after its 88 percent owned subsidiary Minera Portree won its lawsuit against Capstone Copper (TSX:CS), asserting its ownership of a 2 percent net smelter return royalty on five mineral concessions at the Cozamin copper-silver mine in Zacatecas.

The protracted legal dispute began after Capstone re-assigned the royalty to itself through a 2019 contract without informing or paying Minera Portree.

Under the terms of the judgment, the 2 percent NSR will revert back to Minera Portree along with royalties for the exploitation of concessions between 2002 and 2019. The amounts for those royalties will be set at the execution phase. Capstone Gold is also ordered to pay royalties from the Portree 1 concession from August 2019 to present.

Earlier in the week, Royalties Inc. increased its stake in Music Royalties, which pays a 7.2 percent annual yield from 30 music catalogues. The company will now receive royalties of C$102,000 per year from its investment.

2. Altima Energy (TSXV:ARH)

Weekly gain: 100 percent
Market cap: C$21.14 million
Share price: C$0.42

Altima Energy is a light oil and natural gas exploration and development company with operations in Alberta, Canada.

Its primary asset is the Richdale property in Central Alberta. The property consists of five producing light oil wells and sits on 5,920 acres of long-term reserves. According to a company presentation from April 2025, the property hosts combined proved and probable reserves of just under 2 billion barrels of oil equivalent, with a pre-tax net present value of C$25.8 million.

The company also owns two wells at its Twinning light oil site near Nisku, seven producing wells at its Red Earth property in Northern Alberta and two multi-zone wells at its Chambers Ferrier liquid gas production property.

Although Altima hasn’t released news in the last few months, its share price surged mid-week.

3. Trillion Energy (CSE:TCF)

Weekly gain: 71.43 percent
Market cap: C$11.62 million
Share price: C$0.06

Trillion Energy is an oil and gas producer focused on supplying the European and Turkish markets.

The company owns a 49 percent share in the SASB gas field with Turkish Petroleum (TPAO) owning the remainder. The field is located in the southwestern Black Sea, and covers a license block area of 12,387 hectares. Trillion also owns a 19.6 percent interest in the Cendre oil field, with TPAO owning the majority 80 percent.

On April 26, the company released its 2024 year end reserve report. In the announcement, Trillion reported that its attributable total proved and probable reserves at the SASB gas field increased to 62.3 billion cubic feet of gas and 247 million barrels of oil, with a pre-tax NPV of US$363.6 million.

Trillion Energy’s share price climbed in the second half of the week. Although it did not put out a press release, the company stated in posts on X Wednesday and Friday that the partners are “actively engaged on-site” advancing gas lift operations through “carefully managed on-platform efforts.”

4. Search Minerals (TSXV:SMY)

Weekly gain: 52 percent
Market cap: C$18.81 million
Share price: C$0.380

Search Minerals is a rare earth element exploration and development company working to advance its flagship Deep Fox project in Newfoundland and Labrador, Canada.

The project is located near the port of St. Lewis on the Southeast Labrador coast and consists of 63 mineral claims covering an area of 1,575 hectares. The company also owns the nearby Foxtrot deposit. A May 2022 technical report reported a combined indicated mineral resource estimate for the two properties of 375 parts per million (ppm) praseodymium, 1,402 ppm neodymium, 185 ppm dysprosium and 32 ppm terbium from 15.09 million metric tons of ore.

Search Minerals released a corporate update on June 13 announcing that its shares were being reinstated for trading on the TSXV. The update detailed how, under previous management, the company’s TSXV listing was subject to a cease trade order in April 2024 due to the previous management team failing to file annual financial statements for 2023. Search’s new board and management team, elected and appointed in mid-2024, brought the company back into compliance.

Search recommenced trading Monday, and its shares climbed on June 19 after the company announced unreleased assay results from a 2022 Phase 4 drill program at Deep Fox. Highlighted assays included one hole with a 29.92 meter interval grading 256 ppm dysprosium, 1,848 ppm neodymium, 496 ppm praseodymium and 43.5 ppm terbium.

The company said the results validate their belief in the mineralization at the site, and that it would drive forward development of Deep Fox, which it called a generational asset, without delay.

5. Homeland Nickel (TSXV:SHL)

Weekly gain: 50 percent
Market cap: C$12.26 million
Share price: C$0.06

Homeland Nickel is an exploration company with projects in the US and Canada.

The company owns four nickel projects in Oregon: Cleopatra, Red Flat, Eight Dollar Mountain and Shamrock. The projects are in the early exploration stage, with the company being guided by historic work at each property.

Homeland is also working on the Great Burnt copper-gold project in Newfoundland and Labrador, Canada. The project is a 30/70 joint venture with Benton Resources (TSXV:BEX,OTC Pink:BNTRF), which earned its stake in the property through an earn-in agreement with Homeland in July 2024.

While the company did not release any news, on June 11, Noble Mineral Exploration (TSXV:NOB) and Canada Nickel’s (TSXV:CNC) announcement on June 11 of positive assay results from their joint venture Mann nickel project in Ontario. Homeland owns 2.95 million shares in Canada Nickel and 9.96 million shares of Noble.

FAQs for Canadian mining stocks

What is the difference between the TSX and TSXV?

The TSX, or Toronto Stock Exchange, is used by senior companies with larger market caps, and the TSXV, or TSX Venture Exchange, is used by smaller-cap companies. Companies listed on the TSXV can graduate to the senior exchange.

How many mining companies are listed on the TSX and TSXV?

As of February 2025, there were 1,572 companies listed on the TSXV, 905 of which were mining companies. Comparatively, the TSX was home to 1,859 companies, with 181 of those being mining companies.

Together the TSX and TSXV host around 40 percent of the world’s public mining companies.

How much does it cost to list on the TSXV?

There are a variety of different fees that companies must pay to list on the TSXV, and according to the exchange, they can vary based on the transaction’s nature and complexity. The listing fee alone will most likely cost between C$10,000 to C$70,000. Accounting and auditing fees could rack up between C$25,000 and C$100,000, while legal fees are expected to be over C$75,000 and an underwriters’ commission may hit up to 12 percent.

The exchange lists a handful of other fees and expenses companies can expect, including but not limited to security commission and transfer agency fees, investor relations costs and director and officer liability insurance.

These are all just for the initial listing, of course. There are ongoing expenses once companies are trading, such as sustaining fees and additional listing fees, plus the costs associated with filing regular reports.

How do you trade on the TSXV?

Investors can trade on the TSXV the way they would trade stocks on any exchange. This means they can use a stock broker or an individual investment account to buy and sell shares of TSXV-listed companies during the exchange’s trading hours.

Article by Dean Belder; FAQs by Lauren Kelly.

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

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

This post appeared first on investingnews.com

Crude oil futures rose more than 1% on Thursday, after Prime Minister Benjamin Netanyahu ordered Israel’s military to intensify attacks against Iran.

U.S. crude oil was last up $1.36, or 1.81%, to $76.50 per barrel by 9:38 a.m. ET, while global benchmark Brent added $1.10, or 1.43%, to $77.80 per barrel. Prices have gained more than 11% over the seven days since Israel began pounding Iran’s nuclear and missile programs.

Follow along for live coverage

Netanyahu ordered Israel’s military to intensify attacks on “strategic targets” in Iran and “government targets” in the country’s capital, Tehran, Israel Defense Minister Israel Katz said in a social media post. The goal of the strikes is to “undermine the ayatollah’s regime,” Katz said.

Israel’s decision to escalate its military operation against the Islamic Republic comes after an Iranian missile reportedly struck a major hospital in the southern city of Beersheba. Katz threatened Iran’s leader Ayatollah Ali Khamenei in the wake of the hospital strike.

Katz said Israel’s military “has been instructed and knows that in order to achieve all of its goals, this man absolutely should not continue to exist,” referring to Khamenei.

President Donald Trump is still considering whether to order a U.S. strike on Iran’s nuclear program. “I may do it, I may not do it, I mean nobody knows what I’m going to do,” Trump told reporters Wednesday.

JPMorgan warned on Wednesday that regime change in a major oil producing country like Iran could have a profound impact on global oil prices. Iran is one of the top producers in OPEC.

“If history serves as a guide, further destabilization of Iran could lead to significantly higher oil prices sustained over extended periods,” Natasha Kaneva, head of global commodities research at JPMorgan, told clients in a note.

Supply losses in the wake of a regime change “are challenging to recover quickly, further supporting elevated prices,” Kaneva said.

This post appeared first on NBC NEWS

Tesla has inked its first deal to build a grid-scale battery power plant in China amid a strained trading relationship between Beijing and Washington.

The U.S. company posted on the Chinese social media service Weibo that the project would be the largest of its kind in China when completed.

Utility-scale battery energy storage systems help electricity grids keep supply and demand in balance. They are increasingly needed to bridge the supply-demand mismatch caused by intermittent energy sources such as solar and wind.

Chinese media outlet Yicai first reported that the deal, worth 4 billion yuan ($556 million), had been signed by Tesla, the local government of Shanghai and financing firm China Kangfu International Leasing, according to the Reuters news agency.

Tesla said its battery factory in Shanghai had produced more than 100 Megapacks — the battery designed for utility-scale deployment — in the first quarter of this year. One Megapack can provide up to 1 megawatt of power for four hours.

“The grid-side energy storage power station is a ‘smart regulator’ for urban electricity, which can flexibly adjust grid resources,” Tesla said on Weibo, according to a Google translation.

This would “effectively solve the pressure of urban power supply and ensure the safe, stable and efficient electricity demand of the city,” it added. “After completion, this project is expected to become the largest grid-side energy storage project in China.”

According to the company’s website, each Megapack retails for just under $1 million in the U.S. Pricing for China was unavailable.

The deal is significant for Tesla, as China’s CATL and carmaker BYD compete with similar products. The two Chinese companies have made significant inroads in battery development and manufacturing, with the former holding about 40% of the global market share.

CATL was also expected to supply battery cells and packs that are used in Tesla’s Megapacks, according to a Reuters news source.

Tesla’s deal with a Chinese local authority is also significant as it comes after U.S. President Donald Trump slapped tariffs on imports from China, straining the geopolitical relationship between the world’s two largest economies.

Tesla Chief Executive Elon Musk was also a close ally of President Trump during the initial stages of the trade war, further complicating the business outlook for U.S. automakers in China.

The demand for grid-scale battery installation, however, is significant in China. In May last year, Beijing set a new target to add nearly 5 gigawatts of battery-powered electricity supply by the end of 2025, bringing the total capacity to 40 gigawatts.

Tesla has also been exporting its Megapacks to Europe and Asia from its Shanghai plant to meet global demand.

Capacity for global battery energy storage systems rose 42 gigawatts in 2023, nearly doubling the total increase in capacity observed in the previous year, according to the International Energy Agency.

— CNBC’s Arjun Kharpal contributed reporting.

This post appeared first on NBC NEWS

As President Donald Trump weighs joining Israel’s war to destroy Iran’s nuclear capabilities, the world’s chief nuclear official tells Fox News that he sees no evidence Iran’s leaders are racing to build a nuclear bomb.

International Atomic Energy Agency (IAEA) Director General Rafael Grossi said, ‘We have confirmed that Iran does have, even now, enough material for several warheads.

‘But this should not be equated with a nuclear weapon,’ Grossi continued, adding, ‘We do not have at this point, if you ask me, at this time, any tangible proof that there is a program, or a plan, to fabricate, to manufacture a nuclear weapon.’

Inspectors from Grossi’s agency, which is the United Nations’ nuclear watchdog, are tasked with monitoring Iran’s nuclear activities. The IAEA has not been able to carry out inspections since Israel began attacking sites earlier this month but has been making extensive use of satellite imagery.

When asked by Fox News whether Iran’s nuclear program had been set back dramatically by Israel’s attacks to date, Grossi said, ‘No, I wouldn’t say so.

‘I think there have been a number of important military attacks and impacts,’ he said. ‘But it is very clear, and everybody agrees on this, that not everything has been taken out.’

He also argued that military action alone would not be enough to undo what Iran has learned in several decades of nuclear research.

‘One thing is the physical damage,’ Grossi said. ‘But then there is the knowledge factor, and the fact that it is very difficult to roll back the knowledge that a country has acquired.’

Iran has blamed Israel for the killings of multiple Iranian nuclear scientists over many years, including several in recent days. The IAEA censured Iran on June 12, just hours before Israel launched its wave of attacks, for failing to comply with commitments meant to prevent it from developing a nuclear weapon.

However, despite the IAEA reprimand, and the current fighting, Grossi insists a diplomatic solution remains a viable option.

‘I believe that there is a way to take this danger — or this concern — out of the table in a negotiated way.

‘I’ve been in conversations, very good conversations, with [President Trump’s envoy] Steve Witkoff and with the Iranians as well,’ Grossi said.

‘I believe there are ways in which we can make sure that Iran does not get a nuclear weapon. I think this is ultimately what Israel wants and what the United States has declared.

‘We are the international corps of inspectors, and we know what you would need to check in order to prevent this from happening.

‘We believe that the opportunity should be seized, as President Trump said, but of course the space for that is narrowing.’

This post appeared first on FOX NEWS

Sen. Bernie Sanders, I-Vt., issued a press release on Thursday in which he declared that Israeli Prime Minister Benjamin Netanyahu was ‘wrong’ in the past and is again now.

In the statement, Sanders pointed to comments Netanyahu made while speaking about Saddam Hussein at a U.S. congressional hearing in 2002. 

Netanyahu said at the time that ‘if you take out … Saddam’s regime,’ the move ‘will have enormous positive reverberations on the region.’ He said that there was ‘no question whatsoever’ that the Iraqi leader was pursuing the ‘development of nuclear weapons.’

‘Netanyahu was wrong. Very wrong. The war in Iraq resulted in 4,492 U.S. military deaths, over 32,000 wounded, and a cost of roughly three trillion dollars. Hundreds of thousands of Iraqis also died as a result of that tragic war. Netanyahu was wrong regarding the war in Iraq. He is wrong now. We must not get involved in Netanyahu’s war against Iran,’ Sanders asserted in his statement.

President Donald Trump has not ruled out the prospect of U.S. military intervention as Israel targets Iran in a bid to stop the rogue regime from achieving its nuclear weapons ambitions.

‘Based on the fact that there’s a substantial chance of negotiations that may or may not take place with Iran in the near future, I will make my decision whether or not to go within the next two weeks,’ President Trump said, according to White House press secretary Karoline Leavitt, who read out the president’s comment during a press briefing on Thursday.

Trump has been clear that he opposes the prospect of Iran acquiring nuclear weapons.

‘AMERICA FIRST means many GREAT things, including the fact that, IRAN CAN NOT HAVE A NUCLEAR WEAPON. MAKE AMERICA GREAT AGAIN!!!’ he declared in a Truth Social post on Monday.

This post appeared first on FOX NEWS

Former vice presidential nominee Gov. Tim Walz, D-Minn., is facing criticism after claiming China could be the voice of ‘moral authority’ in the Israel-Iran conflict. 

During a ‘What’s Next: Conversations on the Path Forward’ event hosted by the Center for American Progress (CAP) last week, Walz responded to a question from former Biden White House advisor, Neera Tanden, about the ‘escalatory’ nature of the strikes between the two countries.

‘Now, who is the voice in the world that can negotiate some type of agreement in this? Who holds the moral authority? Who holds the ability to do that? Because we are not seen as a neutral actor, and we maybe never were,’ Walz said of the United States’ role in deescalating tensions in the Middle East. 

As the United States weighs striking Iran and war in the Middle East rages on, Danielle Pletka, a distinguished senior fellow in Foreign and Defense Policy Studies at the conservative think tank American Enterprise Institute (AEI), told Fox News Digital that Walz’s comments are ‘ignorance on display.’

According to Walz, the United States once attempted ‘to be somewhat of the arbitrator’ in the Middle East, but Americans must face the reality that the ‘neutral actor’ with the ‘moral authority’ to lead negotiations in the Middle East ‘might be the Chinese.’

Walz didn’t elaborate on why China would be that world leader. 

It’s so staggering to me that Tim Walz was within a heartbeat of the presidency,’ Pletka said, before adding, ‘We don’t need a neutral player here,’ and urging him to ‘stick to local politics.’

Andy Keiser, senior fellow at the conservative National Security Institute and former senior advisor on the House Intelligence Committee, told Fox News Digital that someone should ‘remind Governor Walz that China is far from a moral authority on much of anything,’ and said China is committing ‘cultural genocide.’ 

‘The Chinese government has reportedly arbitrarily detained more than a million Muslims in reeducation camps since 2017,’ according to the Council on Foreign Relations (CFR). ‘Most of the people who have been detained are Uyghur, a predominantly Turkic-speaking ethnic group primarily in China’s northwestern region of Xinjiang.’

In addition to the detentions, ‘Uyghurs in the region have been subjected to intense surveillance, forced labor, and involuntary sterilizations, among other rights abuses,’ according to the CFR. 

According to Human Rights Watch, President Xi Jinping has ‘detained human rights defenders, tightened control over civil society, media, and the internet, and deployed invasive mass surveillance technology’ in Xinjiang and Tibet, which the human rights watchdog likened to ‘crimes against humanity.’

‘I would strongly beg to differ that China has a moral authority on much in the world,’ Keiser said, and added,I would not see them as a neutral arbiter here.’

‘Obviously, we are not going to be a neutral broker between a terrorist and a democratic state,’ Pletka said. ‘That’s just not how it works. You threatened to kill the President of the United States, but we’re then meant to think of you in a balanced way with the state of Israel, our most important ally in the Middle East?’ 

Israeli Prime Minister Benjamin Netanyahu told Fox News’ Bret Baier on Monday that President Donald Trump remains a target of the Iranians. ‘They want to kill him. He’s enemy No. 1.’

‘I don’t know how anybody could have said what [Walz] said about the role that China plays. The idea that there is some neutral interlocutor in this world, that anybody is an ‘honest burger’ is nothing other than grad school silliness,’ Pletka said. 

Pletka added that ‘Of course, China can’t play that role. China is an authoritarian communist [state] that is supporting Russia in its war on Ukraine, that is threatening Taiwan, that has broken its word over Hong Kong.’

And she said, ‘This is not a playground in which you need somebody who can talk to both Bobby and Billy about why it is you don’t smack your friends.’

‘The idea that it should be reduced to something where you have an arbiter who sees the arguments on both sides, no. This is a situation where there’s a right and a wrong, and there’s a winner and a loser. That’s how it should be, by the way, because Iran has fashioned itself as an enemy, not just to the state of Israel, but to the United States.’

Nikki Haley – former U.S. Ambassador to Israel and a 2024 GOP presidential candidate, who sounded off on China’s threat to the United States on the campaign trail – was quick to criticize Walz’s viral comments last week. 

‘This is absolute insanity. Democrats think that we need the Chinese to be the negotiators between Iran’s nuclear production and Israel…God bless Tim Walz. Totally tone deaf,’ Haley posted on X. 

This post appeared first on FOX NEWS

While lawmakers argue over their position in the command chain as President Donald Trump mulls a possible strike on Iran, one expert believes that the president is within his constitutional authority to move ahead with a bunker-busting bomb.

Lawmakers on both sides of the aisle are embroiled in debate over where they are in the pecking order. Some argue they should have the sole authority to authorize a strike, let alone declare war, while others believe that is within Trump’s purview if he wanted to join Israel’s bombing campaign against Iran.

The predominant argument on the Hill is that the entire point of supporting Israel is to prevent the Islamic Republic from creating or acquiring a nuclear weapon.

However, a legal scholar who helped to craft the 2001 Authorization for Use of Military Force (AUMF), which authorized the usage of the U.S. armed forces to engage with the entities that then-President George W. Bush believed were behind the Sept. 11, 2001 terror attack in New York City, argued that there was a difference between Congress’ constitutional authority to declare war and the president’s authority to use force abroad.

‘The position we took then, I think, is the same one that Trump should take now,’ John Yoo told Fox News Digital. ‘As a legal matter, the president doesn’t need the permission of Congress to engage in hostilities abroad. But as a political matter, it’s very important for the president to go to Congress and present the united front to our enemies.’

The Constitution divides war powers between Congress and the White House, giving lawmakers the sole power to declare war, while the president acts as the commander in chief directing the military. Nearly two centuries later, at the height of the Vietnam War, the War Powers Resolution of 1973 was born, which sought to further define those roles.

Yoo agreed that the Constitution was clear that Congress has the sole authority to declare war, which effectively changes the legal status of the country. However, he countered that ‘the framers did not think that language meant that the President and Congress are like the two weapons officers on a nuclear sub and have to turn the keys at the same time to use force.’

‘The founders were very practical men, and they knew that Congress is slow to act, that Congress is a large body that deliberates, but it’s the president who acts swiftly and decisively in defense of the nation,’ he said.

Adding fuel to the debate in Washington are a pair of resolutions in the Senate from Sen. Tim Kaine, D-Va., and the House, from Reps. Thomas Massie, R-Ky., and Ro Khanna, D-Calif., that would require debate and a vote before any force is used against Iran. The measures are designed to put a check on Trump’s power and reaffirm Congress’ constitutional authority.

Yoo said that the resolutions appeared to be forms of ‘political opportunism’ and noted that when former President Joe Biden wanted to send aid to Ukraine, when former President Barack Obama engaged abroad or when Trump authorized a drone strike to kill Iranian General Qasem Soleimani, there was no resolution demanding Congress have a say.

‘People on the Hill are conflating what’s constitutionally necessary with what’s politically expedient,’ Yoo said. ‘Two very different things.’

Congress’ real power over war, he said, was the power of the purse, meaning lawmakers’ ability to decide whether to fund the Pentagon and military in their appropriations process. Republicans are currently working to ram Trump’s ‘big, beautiful bill’ through Congress and onto his desk by Independence Day.

Included in the colossal bill is roughly $150 billion in funding for the Defense Department.

‘If Congress really doesn’t want us to, doesn’t want Trump to, get deeper involved in the Israel-Iran war,’ Yoo said. ‘All they got to do is not fund the military.’

‘The ironic thing is, you have people who are voting to give extra tens of billions of dollars to the Defense Department, who are then turning around and complaining that they don’t have the ability to vote on war,’ he said. ‘Every time they vote for funding, they’re voting to make war possible.’

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President Donald Trump has reported to the West Wing’s Situation Room multiple times in recent days as the conflict in Iran comes to a rolling boil and the U.S. considers launching its own attacks on the Islamic Republic over mounting concerns it could produce a nuclear weapon in a short span of time. 

‘Yes, I may do it. I may not do it. I mean, nobody knows what I’m going to do. I can tell you this that Iran’s got a lot of trouble, and they want to negotiate,’ Trump told reporters Wednesday on the U.S. potentially striking Iran as it continues trading deadly strikes with Israel. ‘And I said, why didn’t you negotiate with me before all this death and destruction? Why didn’t you go? I said to people, why didn’t you negotiate with me two weeks ago? You could have done fine. You would have had a country. It’s very sad to watch this.’

Fox News Digital spoke to previous presidential administration officials — Fox News host and former Press Secretary Kayleigh McEnany, who served under the first Trump administration, and former National Security Advisor under the first Trump administration John Bolton, who also served as ambassador to the U.N. under President George W. Bush’s administration. They both conveyed the serious and historic tone the room and its meetings typically hold. 

The Situation Room is a high-tech 5,000-square-foot complex in the West Wing of the White House that includes multiple conference rooms. President John F. Kennedy commissioned the complex in 1961 following the failed Bay of Pigs invasion to overthrow the Castro regime in Cuba that same year, according to the National Archives. The complex was built in order to provide future presidents a dedicated area for crisis management, and was revamped in 2006 and renovated again in 2023. 

‘I often would sit there and think about the Osama bin Laden raid,’ McEnany told Fox News Digital in a phone interview Thursday morning. ‘This is where we saw our heroic Special Forces take out Osama bin Laden during the Obama administration. And I think we’re at another point where similar decisions are being made, and even bigger decisions that may change the course of history are happening right now in that room.’

Trump again held a meeting in the Situation Room Thursday morning, when he received an intelligence briefing with national security advisers, which followed a Situation Room meeting on Wednesday afternoon, another meeting on Tuesday afternoon with national security advisers and a Monday evening meeting upon his abrupt return from the G7 summit in Canada this week. 

Top national security officials, including Secretary of Defense Pete Hegseth, Director of National Intelligence Tulsi Gabbard, Vice President JD Vance, Secretary of State Marco Rubio and Special Envoy to the Middle East Steve Witkoff, are among officials who have joined Trump in the meetings as the administration weighs the spiraling conflict. 

Bolton explained to Fox Digital in a Thursday morning phone interview that two types of top-level meetings are held in the Situation Room. 

The first is known as a ‘principals meeting,’ he said, which includes Cabinet secretaries, such as the secretary of state and secretary of defense, and is chaired by the national security advisor — a role currently filled by Secretary of State Marco Rubio.

‘The principals committee usually meets to try and get everything sorted out so that they know what decisions the president is going to be confronted with,’ Bolton said. ‘They try and make sure all the information is pulled together so we can make an informed decision, set out the options they see, what the pros and cons are, and then have (the president) briefed.’ 

The second type of Situation Room meeting at the top level are official National Security Council meetings, which the president chairs. 

‘He chairs a full NSC meeting, and people review the information, update the situation, and the president can go back and forth with the advisors about asking questions, probing about the analysis, asking for more detail on something, kind of picking and choosing among the options, or suggesting new options,’ said Bolton, who served as Trump’s national security advisor between April 2018 and September 2019. 

‘And out of that could well come decisions,’ he added. 

McEnany served as the first Trump administration’s top spokeswoman at the height of the COVID-19 pandemic, when the Coronavirus Task Force operated out of the Situation Room as COVID-19 swept across the nation. 

‘A lot of critical decisions were made during the pandemic,’ she said. ‘It’s a humbling encounter. Every time you go in, you leave your phone at the door. You go in, I think it’s like 5,000 square feet, you’re sitting there, there’s clocks up from every country around the world, the different time zones. And you’re just sitting there as critical decisions are made. And, in my case, it was regarding the pandemic, and there’s back and forth, there’s deliberation, and these decisions are made with the president there, obviously.’ 

She continued that during the pandemic, the task force would spend hours in the Situation Room on a daily basis as the team fielded an onslaught of updates from across the country. Trump frequently received the top lines from the meetings and joined the Situation Room during key decisions amid the spread of the virus. 

‘When he was in there, absolutely, there’s a deference,’ she said, referring to how the tone of the room would change upon Trump’s arrival. ‘Yet, you had key officials who spoke up, who were not afraid to give their point of view to him. But I think there’s a recognition he’s the commander in chief.’

Press secretaries typically do not attend high-profile National Security Council meetings in the Situation Room, but have security clearances and can call into the room if needed, and are given updates from senior officials. 

McEnany added that press secretaries wouldn’t typically want to be in the room for high-stakes talks because ‘you don’t want your head filled with these sensitive deliberations of classified information’ when speaking with the media.

Bolton explained that for an issue such as Iran, the Situation Room meetings are likely restrictive and include top national security officials, such as the secretary of defense, director of national intelligence and the chairman of the Joint Chiefs of Staff. 

‘Sometimes it includes many more people, the Secretary of Homeland Security, the Commerce Secretary, things like that,’ he said. ‘But in with this kind of decision, it could be very restrictive, so maybe just – well, there is no national security advisor – but, Secretary of State, Secretary of Defense, Director of National Intelligence, CIA Director, Chairman of the Joint Chiefs of Staff, maybe the attorney general.’

Trump’s first national security advisor under the second administration, Mike Waltz, was removed from the role and nominated as the next U.S. ambassador to the UN in May, with Rubio taking on the additional role. The White House has also slashed NSC staffing since Trump took office, including after Rubio took the helm. 

White House press secretary Karoline Leavitt held a press conference on Thursday — the first since Israel launched preemptive strikes on Iran June 12 — and said the next two weeks will be a critical time period as U.S. officials map out next steps. 

‘I have a message directly from the president, and I quote: ‘Based on the fact that there’s a substantial chance of negotiations that may or may not take place with Iran in the near future. I will make my decision whether or not to go within the next two weeks.’ That’s a quote directly from the president,’ she said Thursday. 

Israel launched pre-emptive strikes on Iran June 12 after months of attempted and stalled nuclear negotiations and subsequent heightened concern that Iran was advancing its nuclear program. Prime Minister Benjamin Netanyahu declared soon afterward that the strikes were necessary to ‘roll back the Iranian threat to Israel’s very survival.’

He added that if Israel had not acted, ‘Iran could produce a nuclear weapon in a very short time.’ 

Dubbed ‘Operation Rising Lion,’ the strikes targeted Iran’s nuclear and missile infrastructure and killed a handful of senior Iranian military leaders.

Trump repeatedly has urged Iran to make a deal on its nuclear program, but the country pulled out of ongoing talks with the U.S. scheduled for Sunday in Oman. 

‘Iran should have signed the ‘deal’ I told them to sign,’ Trump posted to Truth Social Monday evening, when he abruptly left an ongoing G7 summit in Canada to better focus on the Israel–Iran conflict. ‘What a shame, and waste of human life. Simply stated, IRAN CAN NOT HAVE A NUCLEAR WEAPON. I said it over and over again! Everyone should immediately evacuate Tehran!’ 

Leavitt added during Thursday’s briefing that Trump is the ‘peacemaker-in-chief,’ while noting that he is also not one to shy from flexing America’s strength. 

‘The president is always interested in a diplomatic solution to the problems in the global conflicts in this world. Again, he is a peacemaker in chief. He is the peace-through-strength president. And so, if there’s a chance for diplomacy, the president’s always going to grab it. But he’s not afraid to use strength as well,’ she said. 

Fox News Digital reached out to the White House for additional comment on the high-level talks but did not immediately receive a reply. 

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Galan Lithium Limited (ASX:GLN) ( Galan or the Company ) is pleased to announce it has secured a binding commitment for a A$20 million placement ( Placement ) at A$0.11 per share, a 21% premium to the last closing price of A$0.091 as at 19 June 2025 from an existing shareholder, The Clean Elements Fund ( Clean Elements ). Additionally, Clean Elements will receive one unlisted option for every two shares issued under the Placement, with an exercise price of A$0.15 per option and an expiry date that is three years from the date of issue.

The Placement is subject to Clean Elements’ satisfactory completion of due diligence over a period not longer than 77 days. Full completion of the Placement will require shareholder approval which will be sought at a Galan general meeting, expected to be held in early September 2025 .

The Placement provides the final construction funding solution for Phase 1 (at 4ktpa LCE), of the Company’s world class Hombre Muerto West project ( HMW ) in Argentina , which will see production of lithium chloride concentrate in H1 2026.

Managing Director, Juan Pablo (JP) Vargas de la Vega, commented:

We are extremely pleased to receive further support from Clean Elements. HMW is a world-class lithium project, offering exceptional scale and grade. This commitment from Clean Elements, priced at a significant premium to our last closing share price, reflects the value proposition provided by Galan.

To have executed this funding agreement whilst facing strong macro headwinds for the lithium industry is a huge achievement for Galan and further validates the unique attributes of HMW. With a clear pathway to first concentrate production, this support positions Galan to focus on execution. The next 12 months promise to be a transformational period for Galan and the team remains fully focussed on the creation of significant value for all shareholders.’

Clean Element’s Chairman, Ofer Amir, stated:

‘We are incredibly excited to partner with Galan Lithium on what we believe is one of the most compelling lithium opportunities in Argentina today. After extensive evaluation of the Argentinian lithium landscape, HMW stands out as an exceptional world-class asset with the rare combination of scale, grade, and execution capability that positions it to be a major force in the global lithium market. This investment represents Clean Elements’ confidence in Galan’s transformative potential and our shared vision of powering the clean energy revolution.

Our investment in Galan reflects our disciplined approach to identifying high-quality lithium assets with strong fundamentals and experienced management teams. Galan’s impressive resource base of 9.5 Mt LCE, combined with its low-cost position in the first quartile globally and proven operational track record in the Hombre Muerto Salar, aligns perfectly with our investment criteria. We were particularly impressed by Galan’s strategic partnership with Authium, which enhances project economics through innovative processing technology while securing offtake agreements that de-risk the path to production. We look forward to supporting Galan beyond Phase 1 as they execute their long term production growth plan towards 60 ktpa LCE.’

Details of the Placement

The Company has received binding commitments for a total of 181,818,182 shares at an issue price of A$0.11 per share. 90,909,091 options (exercisable at A$0.15 with a 3 year expiry from issue date) will also be issued.

The Placement is expected to settle in two tranches:

  • Tranche Two – A$10 million , 90,909,091 shares and 45,454,545 options (exercisable at A$0.15 with a 3 year expiry from issue date), subject to shareholder approval and completion of due diligence. Expected settlement on or around 28 November 2025 .

The proceeds of the Placement will be utilised to complete Phase 1 construction activities in H2 2025 required to realise first lithium chloride production in H1 2026. The Company notes that a US$ 6 million prepayment facility will be available to the Company under the terms of the offtake and prepayment agreement with Authium Limited ( Authium ) (see announcement https://shorturl.at/GaU0r) .

In light of the current market conditions, the Company decided to pursue the Placement, which was structured at a 21% premium to Galan’s last closing price. Despite efforts to secure debt funding, the prevailing economic environment has resulted in unfavourable terms and higher costs associated with debt. By opting for equity raising Galan will strengthen its balance sheet and minimise financing risk, whilst carrying no debt, as the Company brings HMW into production.

About Hombre Muerto West

HMW is a multi-decade, lithium brine project in Argentina with compelling economics. Phase 1 provides for a 4ktpa LCE operation, producing a 6% LiCl concentrate product over a projected 40-year life. Finalisation of Phase 1 and commencement of production is the key focus Galan. Beyond Phase 1, the Company will undertake a phased scaling approach, eventually ramping up to 60ktpa at the conclusion of Phase 4. This approach mitigates funding and execution risk and will allow for continuous process improvement.

With a world class resource and a cost profile within the first quartile globally, HMW is a clear demonstration of the benefits of a high-quality lithium brine asset. These benefits are allowing Galan to progress through development and into production with a lower capital intensity and lower risk profile when compared to hard rock lithium (spodumene) projects.

As importantly, lithium chloride is a key component for lithium iron phosphate (LFP) batteries, which have become the dominant battery product globally. With the ability to be cost effectively converted into a lithium dihydrogen phosphate or lithium carbonate, lithium chloride, as will be produced at HMW, is an ideal source for LFP batteries.

Please refer to Mineral Resource Statement for Galan’s Total Resources of 9.5Mt LCE.

The Galan Board has authorised this release.

For further information contact:

COMPANY

MEDIA

Juan Pablo (‘JP’) Vargas

de la Vega

Matt Worner

Managing Director

VECTOR Advisors

jp@galanlithium.com.au

mworner@vectoradvisors.au

+ 61 8 9214 2150

+61 429 522 924

About Galan

Galan Lithium Limited (ASX:GLN) is an ASX-listed lithium exploration and development business. Galan’s flagship assets comprise two world-class lithium brine projects, HMW and Candelas, located on the Hombre Muerto Salar in Argentina , within South America’s ‘lithium triangle’. Hombre Muerto is proven to host lithium brine deposition of the highest grade and lowest impurity levels within Argentina . It is home to the established El Fenix lithium operation, Sal de Vida (both projects are operated by Arcadium Lithium) and Sal de Oro (POSCO) lithium projects. Rio Tinto is now in the process of acquiring Arcadium Lithium plc. Galan also has exploration licences at Greenbushes South in Western Australia , just south of the Tier 1 Greenbushes Lithium Mine.

About Clean Elements

Clean Elements is a private holding company specifically founded to pursue the development of high performing lithium assets in Argentina and globally. Clean Elements has a successful track record in investing in lithium brine assets, notably completing a financing transaction with NOA Lithium in 2024. Clean Elements is partnered with Swiss financial expert firm ISP Securities Ltd., part of the ISP Group, who is a leading Swiss financial service provider specializing in wealth management, asset management, securitisation and trading services. ISP Group has companies in Switzerland ( Zurich and Geneva ), Dubai , Hong Kong , and Israel .

Contact:

Ofer Amir
ofer@thecleanelements.com
+97254492777

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SOURCE Galan Lithium Limited

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