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The Trump administration’s latest allegations of mortgage fraud have raised questions about a long-standing housing issue known as owner-occupancy mortgage fraud. But that type of fraud can be difficult to prove, experts say.

President Donald Trump announced in a Truth Social post on Monday night that he was removing Federal Reserve Governor Lisa Cook. He cited allegations made by Federal Housing Finance Agency Director Bill Pulte that Cook committed mortgage fraud by claiming homes in two different states as her primary residence at the same time.

Cook’s attorney on Tuesday said Cook will file a lawsuit to challenge her removal.

“President Trump has no authority to remove Federal Reserve Governor Lisa Cook,” the lawyer, Abbe Lowell, said in a statement.

The Department of Justice has also recently targeted Sen. Adam Schiff, D-Calif., and New York Attorney General Letitia James with similar mortgage fraud allegations.

Here are the key things to know about owner-occupancy mortgage fraud, according to experts.

The main reason a borrower could be motivated to claim a primary residence on a mortgage application is to get a lower interest rate for that home.

Typically, mortgages for a primary residence have lower interest rates and homeowner’s insurance costs, said Keith Gumbinger, vice president of mortgage website HSH.

Mortgage interest rates are generally 0.5% to 1% higher for investment properties than for primary homes, according to Bankrate. Homeowners also typically pay about 25% more for insurance as a landlord compared with a standard homeowners policy, according to the Insurance Information Institute.

Owner-occupied means “you’re going to live there the majority of the time,” Gumbinger said. But there are limited exceptions, including for military service, parents providing housing for a disabled adult child or children providing housing for parents, according to Fannie Mae.

If a homeowner changes primary residences, they need to inform their mortgage lender that the original property is no longer owner-occupied, Gumbinger said.

There are also federal and state tax benefits for primary residences, according to Albert Campo, a certified public accountant and president of Campo Financial Group in Manalapan, New Jersey.

For example, when an owner sells a home and makes a profit, they can take a capital gains exemption worth up to $250,000 for single filers or $500,000 for married couples filing jointly, as long as they meet certain IRS rules, including owner occupancy for two of the past five years.

For tax purposes, a homeowner can have only one primary residence at a time.

When a taxpayer owns more than one home, proving which one is the primary residence is “always based on facts and circumstances,” Campo said. For example, a primary residence is typically where an owner spends most of their time, votes, files their tax returns and receives mail, he said.

A 2023 report from the Federal Reserve Bank of Philadelphia found that more than 22,000 “fraudulent borrowers” misrepresented their owner-occupancy status, out of 584,499 loans originated from 2005 to 2017. The data was based on a subsample from more than 15 million loans originated during this period.

Typically, the fraudulent borrowers took out larger loans and had higher mortgage default rates, the authors found.

However, this type of fraud may be “difficult to detect until long after the mortgage has been originated,” the authors wrote.

“There is a difference between the court of law and the court of public opinion,” Jonathan Kanter, a law professor at Washington University in St. Louis and a former assistant attorney general, told CNBC’s “Squawk Box” last week when asked about Cook. “In the court of law, this is small ball and very difficult to prove.”

“You’d have to establish not only that she filled out the form incorrectly, but she had the specific intent to deceive, to defraud banks, as opposed to just making a mistake,” he said.

During fiscal year 2024, 38 mortgage fraud offenders were sentenced in the federal system, according to the United States Sentencing Commission’s interactive data analyzer. That number is up slightly from 34 offenders in 2023, but down from 426 offenders in 2015, the earliest date in that tool’s dataset. The U.S. Sentencing Commission data does not break out the types of mortgage fraud.

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Foxit, a major PDF software company founded in China, removed any mention of its various U.S. government customers from its website after Fox News Digital began asking questions about its government ties and Chinese connections.

The company develops PDF software for reading, editing and signing documents, with customers ranging from businesses to U.S. agencies. Foxit was founded in 2001 in Fuzhou, China, by Eugene Xiong. Its parent company — Fujian Foxit Software Development Joint Stock Co., Ltd. — is traded on the Shanghai stock market and oversees a U.S. subsidiary based in Fremont, Calif.

Until Fox News Digital began pressing Foxit on its background, the company’s website touted clients across the federal government — from the Missile Defense Agency (MDA) and State Department to the Army, Navy, Air Force, Department of Homeland Security (DHS), Food and Drug Administration (FDA), U.S. courts and the Department of Transportation.

But following Fox News Digital’s request for comment, Foxit scrubbed any mention of U.S. government customers from its site. The company did not respond to questions.

Over the course of reporting, multiple agencies confirmed they had either removed Foxit products or no longer maintained active contracts with Foxit’s U.S. subsidiary. 

An MDA spokesperson said Foxit had been used on an isolated network ‘not connected to any operational missile defense system’ but is ‘no longer in any MDA system.’ The spokesperson did not say when Foxit had been removed from its systems but added that the team behind the initial decision to use the software is no longer with the agency, and that an updated review of all software is underway. 

A State Department source said small Foxit contracts had existed in the past but were terminated, though did not clarify when.

Before the website purge, Foxit even published ‘case studies’ on work with U.S. Citizenship and Immigration Services and the FDA. A DHS source, however, told Fox News Digital that Foxit is now ‘specifically identified and listed on our prohibited software list.’

The FDA handles trade secrets, sensitive clinical trial data and even biodefense-related health information. The agency did not return a request for comment on whether it is still using Foxit. 

The Department of Justice likewise confirmed Foxit was removed from its networks last year after a security review.

Other agencies, including the Office of the Secretary of Defense (OSD) and the National Institutes of Health, acknowledged receiving questions from Fox News Digital but did not confirm current usage.

Foxit is difficult to track in publicly available records: government purchases may be logged under distributors, integrators or resellers rather than the company itself.

Fox News Digital identified dozens of solicitation requests — documents federal agencies issue when seeking bids for goods and services — that specifically mentioned Foxit software, from the Army, Navy, NIH, NASA, the Defense Department and the General Services Administration. Which of those turned into finalized contracts is unclear.

One known Foxit contract with OSD expired in 2023.

On its U.S. website, Foxit emphasizes its California headquarters and ‘global’ reach, without mention of its Chinese listing. On its Chinese-language site, however, Foxit highlights clients such as the Chinese Ministry of Foreign Affairs, the State Intellectual Property Office, and the National Standards Committee. In 2023, it announced a partnership with China Media Group, which operates under the Chinese Communist Party’s Publicity Department.

Its Chinese website lists offices in Fuzhou, Beijing, Nanjing and Hefei. 

U.S. agencies typically contract through the California-based Foxit Software Inc., not the Chinese parent, allowing Foxit to present itself as a U.S.-based company. Still, Foxit’s parent company remains subject to Chinese law — including the 2017 National Intelligence Law, which compels companies to assist Chinese intelligence if requested. 

One analyst questioned whether the corporate separateness could fully insulate the U.S. subsidiary from the interests of the Chinese parent. 

‘It sounds especially similar to the TikTok argument. We’re doing everything here, all the data is located here, we have TikTok USA. We’re a Singaporean company, we have no relations with the Chinese mainland – outside of our corporate structure, which is almost wholly owned by a Chinese based company,’ said Joel Thayer, a Washington-based tech and telecommunications attorney.

‘Chinese companies are masters of concealing their intentions through corporate filings and corporate infrastructure,’ he said.

Foxit counts Idax.ai as its subsidiary, a company specifically tailored to redact sensitive documents. ‘The company’s AI-powered solutions are aimed at professionals across various industries, including healthcare, finance, real estate, law, and government,’ according to a branded content release in NY Weekly.

Fox News Digital could not determine whether Idax has been used by government agencies.

Foxit claims to have 750 million users and over 425,000 clients around the world, with business centers not just in the U.S. and China but Japan, Europe and Australia, with plans to expand into Russia, Brazil and India. 

 Critics warn that even seemingly routine data could be of intelligence value.

‘Even if Foxit isn’t being used for secret documents, the information the company could potentially glean would be invaluable to the CCP,’ said Thayer. 

‘You are basically banking on it that the platform isn’t behind the veil, collecting an immense amount of data about what contracts and services are being provided to our government,’ he said.

Foxit originally positioned itself as a cheaper alternative to Adobe Acrobat. But China tech watchers warn the discount may come with hidden risks.

‘That’s invaluable information for any of our adversaries – how much money a contract is worth, what services are being rendered, what technologies are they looking at, what are they hiring people to do, what the government is looking into… competitors would kill for that information,’ Thayer said. 

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Newly declassified documents have stated that former President Barack Obama was present for key meetings with his top intelligence and national security officials that led to critical steps in the opening of the Trump–Russia investigation.

Director of National Intelligence Tulsi Gabbard and CIA Director John Ratcliffe have declassified new documents related to the origins of the original Trump–Russia probe at the FBI — known inside the bureau as ‘Crossfire Hurricane.’

Trump has accused Obama of being the ‘ringleader’ of the Russiagate narrative — an allegation vehemently denied by the former president.

‘Out of respect for the office of the presidency, our office does not normally dignify the constant nonsense and misinformation flowing out of this White House with a response,’ Obama spokesman Patrick Rodenbush said in a July statement. ‘But these claims are outrageous enough to merit one.’ 

‘These bizarre allegations are ridiculous and a weak attempt at distraction,’ Obama’s spokesman continued. ‘Nothing in the document issued last week undercuts the widely accepted conclusion that Russia worked to influence the 2016 presidential election but did not successfully manipulate any votes.’ 

He added: ‘These findings were affirmed in a 2020 report by the bipartisan Senate Intelligence Committee, led by then-Chairman Marco Rubio.’

Here’s a look at the known key meetings the former president attended and was reportedly made aware of: 

Aug. 3, 2016

On Aug. 3, 2016, then-CIA Director John Brennan reportedly briefed then-President Obama on intelligence that then-Democratic nominee former Secretary of State Hillary Clinton allegedly was stirring up a plan to tie Trump to Russia.

Then-Vice President Joe Biden, then-FBI Director James Comey, then-Attorney General Loretta Lynch and then-Director of National Intelligence James Clapper also were reportedly present for the briefing.

Brennan’s notes from that briefing were declassified in 2020 by John Ratcliffe, who, at the time, was serving as director of National Intelligence. Ratcliffe is now the director of the CIA. 

Fox News Digital, at the time, exclusively reported on those notes.

‘We’re getting additional insight into Russian activities from (REDACTED),’ Brennan notes read. ‘CITE (summarizing) alleged approved by Hillary Clinton a proposal from one of her foreign policy advisers to vilify Donald Trump by stirring up a scandal claiming interference by the Russian security service.’ 

The notes state ‘on 28 of July.’ In the margin, Brennan writes ‘POTUS,’ but that section of the notes is redacted.

‘Any evidence of collaboration between Trump campaign + Russia,’ the notes read.

The remainder of the notes are redacted, except in the margins, which reads:  ‘JC,’ ‘Denis,’ and ‘Susan.’

The notes don’t spell out the full names but ‘JC’ could be referring to then-FBI Director James Comey or former Director of National Intelligence James Clapper. ‘Susan’ could refer to National Security Adviser Susan Rice. And ‘Denis’ could possibly refer to then-Obama chief of staff Denis McDonough.

The meeting came just days after the FBI, July 31, 2016, opened a counterintelligence investigation into whether candidate Trump and members of his campaign were colluding or coordinating with Russia to influence the 2016 campaign. It was opened by then-Deputy Assistant Director for Counterintelligence Peter Strzok.

Days after that briefing, the CIA properly forwarded that information through a Counterintelligence Operational Lead (CIOL) to Comey and Strzok, with the subject line: ‘Crossfire Hurricane.’

Fox News Digital exclusively obtained and reported on the CIOL in October 2020, which stated: ‘The following information is provided for the exclusive use of your bureau for background investigative action or lead purposes as appropriate.’

‘Per FBI verbal request, CIA provides the below examples of information the CROSSFIRE HURRICANE fusion cell has gleaned to date,’ the memo continued. ‘An exchange (REDACTED) discussing US presidential candidate Hillary Clinton’s approval of a plan concerning US presidential candidate Donald Trump and Russian hackers hampering US elections as a means of distracting the public from her use of a private email server.’

But days before the Aug. 3, 2016, briefing, and before the July 31, 2016, opening of the Crossfire Hurricane probe, foreign sources allegedly connected to left-wing billionaire George Soros were emailing about the FBI opening a probe into the salacious Trump–Russia narrative. 

That information came from emails dated July 25, 2016, to July 27, 2016, contained in the newly declassified appendix of Special Counsel John Durham’s report.

The appendix reveals that the foreign sources were allegedly tied to George Soros’ Open Society Foundations.

The appendix said that Russian government actors in 2016 reportedly hacked emails from the Open Society Foundations, formerly known as the Soros Foundation.

‘Two of the apparently hacked emails appear to have originated from the Open Society Foundations,’ the appendix states, noting that the purported author of these emails was Leonard Benardo, who was the regional director for Eurasia at the Open Society Foundations.

‘During the first stage of the campaign, due to lack of direct evidence, it was decided to disseminate the necessary information through the FBI-affiliated…technical structures… in particular, the Crowdstrike and ThreatConnect companies, from where the information would then be disseminated through leading U.S. publications,’ Benardo reportedly wrote in an email, per the appendix. 

‘The media analysis on the DNC hacking appears solid …. Julie (Clinton Campaign Advisor) says it will be a long-term affair to demonize Putin and Trump. Now it is good for a post-convention bounce,’ Benardo allegedly wrote, per the appendix. ‘Later the FBI will put more oil into the fire.’

Another email reportedly from Benardo on July 27, 2016, states: ‘HRC (Hillary Rodham Clinton) approved Julie’s idea about Trump and Russian hackers hampering U.S. elections.’

‘This should distract people from her own missing email, especially if the affair goes to the Olympic level,’ Benardo reportedly continued, per the annex. ‘The point is making the Russian play a U.S. domestic issue. Say something like a critical infrastructure threat for the election to feel manic since both POTUS and VPOTUS have acknowledge the fact IC would speed up searching for evidence that is regrettably still unavailable.’ 

Crossfire Hurricane, the FBI’s Trump–Russia investigation, was opened just several days later, on July 31, 2016. And Brennan briefed Obama just days after that.

It is unclear if the Benardo emails were part of the Aug. 3, 2016, briefing.

Nov. 10, 2016

Then-President Obama invited then-President-elect Donald Trump to the White House just two days after the 2016 presidential election.

During that meeting, Obama warned Trump against hiring Michael Flynn to serve as his White House national security adviser. 

Flynn, a critic of the Obama administration, had been fired as head of military intelligence by Obama in 2014.

Trump tapped Flynn for the post anyway, but Flynn resigned less than a month into his tenure after reports that he had misled then-Vice President Mike Pence about his conversations with Russia’s ambassador to the United States, Sergey Kislyak.

Flynn ended up being a key figure in the early days of Russiagate.

As part of former Special Counsel Robert Mueller’s investigation, Flynn pleaded guilty to making false statements in his FBI interview regarding his talks with Kislyak. Flynn was charged with lying to federal investigators about whether he had talked to Kislyak about limiting the Russian government’s response to Obama’s sanctions for election meddling.

His plea deal involved his full cooperation with investigators in the special counsel’s office.

But FBI agents did not actually believe that Flynn intentionally lied about his talks with Kislyak.

In 2020, the Justice Department dropped its case against Flynn, shortly after internal memos were released that raised serious questions about the nature of the investigation that led to the guilty plea for lying to the FBI. 

Those documents showed how agents discussed their motivations for interviewing him in the Russia probe — questioning whether they wanted to ‘get him to lie’ so he’d be fired or prosecuted, or get him to admit wrongdoing. Flynn allies howled over the revelations, arguing that he was essentially set up in a perjury trap.

Declassified notes showed agents considered various options in the run-up to their fateful January 2017 interview with Flynn, including getting Flynn ‘to admit to breaking the Logan Act’ when he spoke to Kislyak during the presidential transition period.

‘What is our goal?’ one of the notes read. ‘Truth/Admission or to get him to lie, so we can prosecute him or get him fired?’

Another note read, ‘If we get him to admit to breaking the Logan Act, give facts to DOJ + have them decide.’ 

The memo appeared to weigh the pros and cons of pursuing those different paths, while cautioning: ‘If we’re seen as playing games, WH (White House) will be furious.’

Flynn’s communications with Kislyak in December 2016 had been picked up in wiretapped discussions, apparently unbeknownst to him. The FBI agents in January 2017 questioned him on the communications and later used his answers to form the basis for the false-statement charge and his guilty plea.

Flynn had moved to withdraw his guilty plea for lying to the FBI in the Russia probe, citing ‘bad faith’ by the government. That court filing came just days after the Justice Department reversed course to recommend up to six months of prison time in his case, alleging he was not fully cooperating or accepting responsibility for his actions.

The case had been plodding through the court system with no resolution ever since his original plea, even amid speculation about whether Trump himself could extend a pardon.

Trump, in May 2020, said Flynn was a target of the Obama administration and called the investigation into his former national security adviser treasonous.

‘They’re human scum,’ Trump said. ‘It’s treason.’

Dec. 9, 2016

Current Director of National Intelligence Gabbard recently declassified documents claiming that the Obama administration ‘manufactured and politicized intelligence’ to allegedly create the narrative that Russia was attempting to influence the 2016 presidential election, despite information from the intelligence community stating otherwise.

Documents revealed that in the months leading up to the November 2016 election, the intelligence community consistently assessed that Russia was ‘probably not trying…to influence the election by using cyber means.’

One instance was Dec. 7, 2016, weeks after the election. 

Then-Director of National Intelligence Clapper’s talking points stated: ‘Foreign adversaries did not use cyberattacks on election infrastructure to alter the U.S. presidential election outcome.’

Fox News Digital obtained a declassified copy of the Presidential Daily Brief, which was prepared by the Department of Homeland Security, with reporting from the CIA, Defense Intelligence Agency, FBI, National Security Agency, Department of Homeland Security, State Department and open sources, for Obama, dated Dec. 8, 2016.

‘We assess that Russian and criminal actors did not impact recent US election results by conducting malicious cyber activities against election infrastructure,’ the Presidential Daily Brief stated. ‘Russian Government-affiliated actors most likely compromised an Illinois voter registration database and unsuccessfully attempted the same in other states.’

But the brief stated that it was ‘highly unlikely’ the effort ‘would have resulted in altering any state’s official vote result.’

‘Criminal activity also failed to reach the scale and sophistication necessary to change election outcomes,’ it stated. 

The brief noted that the Office of the Director of National Intelligence assessed that any Russian activities ‘probably were intended to cause psychological effects, such as undermining the credibility of the election process and candidates.’ 

The brief stated that cyber criminals ‘tried to steal data and to interrupt election processes by targeting election infrastructure, but these actions did not achieve a notable disruptive effect.’

Fox News Digital obtained declassified, but redacted, communications from the FBI on the Presidential Daily Brief, stating that it ‘should not go forward until the FBI’ had shared its ‘concerns.’

Those communications revealed that the FBI allegedly drafted a ‘dissent’ to the original Presidential Daily Brief. 

The communications revealed that the brief was expected to be published Dec. 9, 2016, the following day, but later communications revealed that Office of the Director of National Intelligence, ‘based on some new guidance,’ decided to ‘push back publication’ of the Presidential Daily Brief. 

‘It will not run tomorrow and is not likely to run until next week,’ wrote the deputy director of the Presidential Daily Brief at Office of the Director of National Intelligence, whose name is redacted. 

The following day, Dec. 9, 2016, a meeting convened in the White House Situation Room, with the subject line starting: ‘Summary of Conclusions for PC Meeting on a Sensitive Topic (REDACTED.)’

The meeting included top officials in the National Security Council, Clapper, Brennan, Rice, then-Secretary of State John Kerry, Lynch, then-Deputy FBI Director Andrew McCabe, among others, to discuss Russia.

The declassified meeting record, obtained by Fox News Digital, revealed that principals ‘agreed to recommend sanctioning of certain members of the Russian military intelligence and foreign intelligence chains of command responsible for cyber operations as a response to cyber activity that attempted to influence or interfere with U.S. elections, if such activity meets the requirements’ from an executive order that demanded the blocking of property belonging to people engaged in cyber activities.

After the meeting, according to the Office of the Director of National Intelligence, Clapper’s executive assistant reportedly emailed intelligence community leaders tasking them to create a new intelligence community assessment ‘per the president’s request,’ that detailed the ‘tools Moscow used and actions it took to influence the 2016 election.’

‘ODNI will lead this effort with participation from CIA, FBI, NSA, and DHS,’ the record states.

Later, Obama officials allegedly ‘leaked false statements to media outlets’ claiming that ‘Russia has attempted through cyber means to interfere in, if not actively influence, the outcome of an election.’

By Jan. 6, 2017, a new Intelligence Community Assessment was released that, according to the Office of the Director of National Intelligence, ‘directly contradicted the IC assessments that were made throughout the previous six months.’ 

Jan. 5, 2017

Then-President Obama held an Oval Office meeting Jan. 5, 2017, with then-FBI Director James Comey, then-National Security Adviser Susan Rice, then-CIA Director John Brennan, then-Director of National Intelligence James Clapper and then-Vice President Joe Biden.

During that meeting, Comey reportedly suggested to Obama that the National Security Council might not want to pass ‘sensitive information related to Russia’ to then-incoming National Security Adviser Michael Flynn.

On Jan. 20, 2017, the day Trump was first inaugurated, Rice sent herself an email documenting the Jan. 5, 2017, Oval Office meeting. That email was declassified by former acting Director of National Intelligence Richard Grenell in 2020.

During that meeting, Comey provided guidance on how law enforcement needed to investigate Russian interference in the 2016 presidential race.

Comey reportedly told Obama he was proceeding with the Trump–Russia probe ‘by the book,’ and went on to discuss concerns about Flynn’s known conversation with Kilsyak.

Rice, in her email to self, wrote: ‘From a national security perspective, Comey said he does have some concerns that incoming NSA Flynn is speaking frequently with Russian Ambassador (Sergey) Kislyak. Comey said that could be an issue as it relates to sharing sensitive information. President Obama asked if Comey was saying that the NSC should not pass sensitive information related to Russia to Flynn.’

Rice then wrote, ‘Comey replied, ‘potentially.’ He added that he has no indication thus far that Flynn has passed classified information to Kislyak, but he noted that ‘the level of communication is unusual.’’

When the email was declassified in 2020, a representative for Rice told Fox News Digital that ‘no discussion of law enforcement matters or investigations took place, despite accusations to the contrary.’ 

The spokeswoman also insisted the Obama administration did not change the way it briefed Flynn, saying Rice briefed Flynn for more than 12 hours on four separate occasions during the transition.

‘Ambassador Rice did not alter the way she briefed Michael Flynn on Russia as a result of Director Comey’s response,’ Rice representative Erin Pelton said.

‘President Obama began the conversation by stressing his continued commitment to ensuring that every aspect of this issue is handled by the intelligence and law enforcement communities ‘by the book,” Rice emailed to herself. ‘The president stressed that he is not asking about, initiating or instructing anything from a law enforcement perspective. He reiterated that our law enforcement team needs to proceed as it normally would by the book.’

The email also appeared to reflect Obama’s guidance on sharing sensitive information with both the Russians and the incoming Trump administration.

Rice wrote that Obama said, ‘He wants to be sure that, as we engage with the incoming team, we are mindful to ascertain if there is any reason that we cannot share information fully as it relates to Russia.’

Rice wrote: ‘The president asked Comey to inform him if anything changes in the next few weeks that should affect how we share classified information with the incoming team. Comey said he would.’

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Europe’s powerhouse trio, the U.K., France, and Germany (E3), on Thursday initiated the process to reimpose sweeping sanctions against Iran over its ‘significant non-compliance’ with international nuclear agreements. 

At 9 am EST, they submitted a letter to the president of the United Nations Security Council, Panama’s Ambassador Eloy Alfaro de Alba, notifying him of their intent to trigger the snapback sanctions mechanism enshrined under the 2015 nuclear deal known as the Joint Comprehensive Plan of Action (JCPOA).

The action comes after months of warnings from European leaders, and years of calls from the U.S. dating back to the first Trump administration in 2018, flagging that Tehran was in violation of nuclear agreements made under the 2015 Joint Comprehensive Plan of Action (JCPOA) – though Iran’s record of non-compliance did not initiate until 2019 per findings by international nuclear watchdogs. 

According to a U.K. official on Thursday, the decision to enforce snapback sanctions, which is expected to have severe consequences for Iran’s already flagging economy, was not a decision that was made ‘lightly.’

The official confirmed that there has been ‘very intense diplomacy’ over the last ’12-months, 6-months, 6-weeks’ that ultimately led to this decision – including three major factors like Tehran’s uranium stockpile levels, its operating of advanced centrifuges and its refusal to adhere to international inspection regulations – all of which are dictated under the JCPOA.

The official confirmed that in May Iran was found to have roughly 20,000 lbs of enriched uranium, including 900 lbs of near-weapons grade highly enriched uranium (HEU) – which is 45 times higher than the JCPOA limit of under 660 lbs of enriched uranium.

‘Iran is the only non-nuclear weapons state producing highly enriched uranium,’ the official said, adding that those stockpiles remain unaccounted for. 

Thursday’s actions mean that by the end of the 30-day period all 15 members of the United Nations Security Council (UNSC), which includes Russia and China, could be legally bound to reimpose sanctions on Iran. 

But in speaking to reporters in Washington, D.C. on Wednesday, the head of the U.N.’s nuclear watchdog, the International Atomic Energy Agency, said there is ‘still time’ for Iran to prevent the sanctions from taking hold. 

‘Iran will have to comply,’ IAEA Director General Raffael Grossi said. ‘I think there is a possibility. I’m not naively optimistic, but at the same time, there is no reason why we should not [have] a good outcome.’

The E3 and the U.S. have made clear there are specific steps that Tehran needs to do in order to avoid snapback sanctions, including giving the IAEA full access to all Iranian nuclear sites, direct negotiations with Washington, and accounting for roughly 900 lbs of highly enriched uranium (HEU).

But Grossi also noted that it would be ‘almost impossible’ for Iran to get to a point of compliance with the JCPOA due to too many technical advances. 

Questions over the location of the HEU, which is estimated to be enough to make 10 nuclear warheads, mounted after the U.S. levied direct strikes at Iran’s nuclear program in June. Reports suggested that in the days leading up to the strikes, Iran may have moved and hidden some of its uranium based on satellite imagery that showed convoys leaving the Fordow and Isfahan nuclear sites.

But on Wednesday, Grossi countered these concerns and said the IAEA had no evidence that the uranium has been moved to a secret location. 

Though the stockpile of HEU is still not officially accounted for as the IAEA has not been granted access to Iran’s top nuclear sites – though Grossi said he anticipated that access to come shortly as inspectors on Wednesday visited the Bushehr nuclear power plant after being re-granted access in Iran. 

When asked by reporters whether Iran was taking immediate action to begin meeting the E3 demands and avoid sanctions, Grossi said, ‘point blank…no.’

‘Our work hasn’t started. We are not yet where I would like us to be – I will not hide this,’ he said. ‘But at the same time I am a diplomat, I am always working towards peace.’

Iran has threatened to retaliate if the sanctions are implemented, though how it will do so remains unclear.

Tehran in recent years has strengthened ties with powerful allies like Russia and China, who have rejected calls for snapback sanctions.

But even though Russia and China sit on the U.N. Security Council with veto powers, they will not be able to unilaterally stop the sanctions from going through.

In an unprecedented move in 2015, the sanctions mechanism was written in a way that reversed standard council procedure, which would traditionally require all five permanent members to approve of any action, meaning that just one veto could block the action.

In the case of snapback sanctions on Iran, every permanent member, which includes the U.S., France, U.K., China and Russia, must veto the push to reimpose sanctions.

This means that, despite opposition from Russia and China, they cannot block the sanctions, as they have increasingly done when it comes to other security council actions in recent years – leading to what some have argued is a paralyzed state in the U.N.’s highest body.

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President Donald Trump is reportedly working on a move that would give the U.S. a new military and economic foothold in Africa, counter China and Russia and strike a blow against Islamist terrorists in the region. And now a leading senator has told Fox News Digital this goal can be realized by recognizing the breakaway Somaliland as an independent state.

Somaliland, on the southern coast of the Gulf of Aden, broke away from Somalia in 1991. Its government is said to be offering the U.S. a new air and sea base close to the entrance of the Red Sea, and directly across from Yemen and the Houthis, if the U.S. formally recognizes it, 30% of the world’s container ship traffic is reported to pass through its waters en route to or from the Suez Canal.

In the Oval Office on Aug. 8, Trump told reporters, ‘We’re looking into that right now,’ when asked about the recognition of Somaliland and the possible resettlement of Gazans there, adding, ‘We’re working on that right now, Somaliland’. 

The chairman of the Senate Foreign Relations Subcommittee on Africa, Sen. Ted Cruz, R-Texas., told Fox News Digital, ‘There is a very real opportunity that President Trump will recognize Somaliland during this administration.’

Cruz added, ‘President Trump is bringing a new era of clarity in American national security, after four years of the Biden administration rewarding our enemies and punishing our allies, and recognizing Somaliland should be part of this new era.

‘Somaliland has been a reliable ally to the United States, is integrating itself with us and our allies globally, and is committed to helping us counter efforts by China to undermine the safety and prosperity of Americans,’ he said.

The White House did not respond to a Fox News Digital request for comment.

Neighboring Somalia has been battling Islamist fundamentalist fighters for decades. U.S. Africa Command has increased the number of airstrikes against both ISIS and al-Shabab terrorists under the current administration.

But Somaliland, 99% Muslim, has allegedly eliminated radicalism and has aligned itself with the U.S. and Israel, leading Cruz to tell Fox News Digital, ‘They’re a Muslim country, in a very dangerous part of Africa, showing real courage. I will continue to push for deepening the U.S.-Somaliland partnership, including through the Africa Subcommittee in the Senate, and I expect that my colleagues on both sides of the aisle will be receptive to doing so.’

Earlier this month, Cruz wrote to President Trump about Somaliland, stating, ‘it requires the status of a state. I urge you to grant it that recognition.’

Somaliland’s president, Abdirahman Mohamed Abdullahi , is optimistic, telling the British Guardian newspaper on May 30, ‘Recognition is on the horizon.’ He added, ‘It’s a matter of time. Not if, but when’.

Somaliland’s port at Berbera is the jewel in any Washington deal. Analysts say it is in such a strategic position that both Russia and China have tried to acquire it. Right next door to it is one of Africa’s five longest runways, offering the U.S. the possibility of both a sea and air base that can strike Houthi rebels to the north and Al Shabaab terrorists to the east. 

In his letter to the White House, Cruz wrote, ‘Somaliland has emerged as a critical security and diplomatic partner for the United States, helping America advance our national security interests in the Horn of Africa and beyond. It is strategically located along the

Gulf of Aden, putting it near one of the world’s busiest maritime corridors. It possesses capable armed forces and contributes to regional counterterrorism and piracy operations. It has proposed hosting a U.S. military presence near the Red Sea along the Gulf of Aden.’

The U.S.’s largest military base in Africa is just up the coast in Djibouti. But there are security and surveillance issues at the Camp Lemonnier U.S. base where the Chinese and other nations have opened their own bases and monitoring stations nearby.

Somaliland is also offering the White House access to rare earth minerals essential for high-tech industries, such as lithium and silicon quartz.

The U.S. has described Somalia, with large numbers of both ISIS and al-Qaida-linked operatives, as a terrorist safe haven. Now the increasing presence of China and military forces from countries such as Turkey is reportedly leading some in Washington to be increasingly unhappy with its ‘one Somalia’ policy, where Somaliland continues to be recognized only as a part of Somalia. 

For now, a State Department spokesperson told Fox News Digital the official position: ‘The United States recognizes the sovereignty and territorial integrity of the Federal Republic of Somalia, which includes the territory of Somaliland. The State Department is not in active discussions with Somaliland’s representatives about a deal to recognize Somaliland as a state.’

But, Somaliland’s foreign minister worked Washington’s corridors and politicians in April, and several African sources, including the influential Horn Observer news outlet, have reported that President Abdullahi is expected to come to D.C. ‘soon’. U.S. officials, including the U.S. ambassador to Somalia, Richard Riley, are said to have been to Somaliland to meet with the president at least three times this year.

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Longtime government scientist Susan Monarez is refusing to leave her position as director of the Centers for Disease Control and Prevention (CDC) after the Department of Health and Human Services (HHS) announced she had been removed from the role less than a month after she was sworn in.

Attorneys Mark Zaid and Abbe Lowell said they are representing Monarez and claimed she ‘has neither resigned nor yet been fired.’

The attorneys released a statement on social media, claiming HHS and Secretary Robert F. Kennedy Jr. are weaponizing public health for political gain and putting millions of American lives at risk. 

‘When CDC Director Susan Monarez refused to rubber-stamp unscientific, reckless directives and fire dedicated health experts, she chose protecting the public over serving a political agenda,’ the statement said. ‘For that, she has been targeted. Dr. Monarez has neither resigned nor received notification from the White House that she has been fired, and as a person of integrity and devoted to science, she will not resign.’

The Washington Post reported that sources within the CDC, who spoke on the condition of anonymity, said HHS leaders, including Kennedy, sought to get Monarez to commit to rescinding approvals for certain COVID-19 vaccines. When Monarez did not immediately commit, she was told by administration officials that she must resign or she would be fired. 

Sources also claimed she then attempted to involve the chairman of the Senate’s top health committee, Sen. Bill Cassidy, R-La. The move reportedly further angered Kennedy. 

When reached for comment, a spokesperson for the HHS directed Fox News Digital to the agency’s response shared on its official X account.

‘Susan Monarez is no longer director of the Centers for Disease Control and Prevention,’ HHS said. ‘We thank her for her dedicated service to the American people. Secretary Kennedy has full confidence in his team at the CDC who will continue to be vigilant in protecting Americans against infectious diseases at home and abroad.’

The White House confirmed to Fox News Digital that Monarez was being removed.

‘As her attorney’s statement makes abundantly clear, Susan Monarez is not aligned with the President’s agenda of Making America Healthy Again,’ White House spokesman Kush Desai said in a statement. ‘Since Susan Monarez refused to resign despite informing HHS leadership of her intent to do so, the White House has terminated Monarez from her position with the CDC.’

Monarez was tapped by the Trump administration to lead the CDC after its initial nominee, Dave Weldon, withdrew from contention in March amid fears he might not garner enough support in the Senate to be confirmed. Shortly after Weldon stepped down, Monarez was formally nominated to be the CDC’s permanent director and was eventually confirmed in the final week of July.

During Monarez’s confirmation hearing, she expressed support for vaccines and told lawmakers she has ‘not seen a causal link between vaccines and autism.’

 

Prior to Monarez’s Senate confirmation, CDC directors did not typically require Senate approval, but that changed in 2022 when Congress passed a law making it necessary. Monarez was the first-ever Senate-confirmed CDC director in the agency’s history.

Monarez was also the first CDC director without a medical degree in more than seven decades. However, she does hold a Ph.D. in microbiology and immunology.

After getting her doctorate, Monarez entered the federal government, where she found herself in roles at the White House’s Office of Science and Technology Policy, the National Security Council, the Department of Homeland Security and the Advanced Research Projects Agency for Health (ARPA-H). Her biography on the CDC’s website says she worked on ‘leading efforts to enhance the nation’s biomedical innovation capabilities, including combating antimicrobial resistance, expanding the use of wearables to promote patient health, ensuring personal health data privacy, and improving pandemic preparedness.’

Hours after the news that Monarez would no longer head the CDC, sources confirmed to Fox News Digital that at least three other top CDC officials tendered their resignations, including the CDC’s director of its National Center for Immunization and Respiratory Diseases, Demetre Daskalakis; the director of the National Centers for Emerging and Zoonotic Infectious Disease, Dr. Daniel Jernigan; and the CDC’s chief medical officer, Debra Houry.

Daskalakis posted his lengthy resignation letter on X, citing various reasons for his departure, including ‘the views’ of Secretary Kennedy and his staff. 

Daskalakis said he could not continue to work in an administration that treats the CDC ‘as a tool’ to establish policies that ‘do not reflect scientific reality.’ He specifically cited recent changes Kennedy’s HHS has brought to vaccine scheduling for children and adults, arguing it ‘threaten[s] the lives of the youngest Americans and pregnant people.’ 

The former CDC director also cited the administration’s efforts to ‘erase transgender populations, cease critical domestic and international HIV programming, and terminate key research.’   

Fox News’ David Lewkowict contributed to this report.

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E-Power Resources Inc. (CSE: EPR) (FSE: 8RO) (‘E-Power’ or the ‘Company’) announces that William Pfaffenberger has retired from the Board of Directors (‘Board’), effective immediately.

The Company wishes to thank Dr. Pfaffenberger for his dedicated service and valuable contributions to the Company, as well as for waiting until a successor was confirmed. We wish him all the best in his retirement.

The company is pleased to announce the appointment of Alexis de la Renaudière to the Board, effective immediately.

Mr. de la Renaudière, until recently, coordinated investor relations at E3 Lithium, leading communications strategy with institutional investors and ensuring compliance with Stock Exchange and NI 43-101 standards. He has extensive experience in investor relations and capital markets, with a focus on small and mid-cap public companies. He served as Managing Director at Peterson Capital, where he was the firm’s top performer, successfully raising over $200 million for multiple companies while expanding the retail advisory network by 300%. His experience includes organizing investor conferences across Canada and Europe, managing relationships with institutional investors and fund managers, and developing comprehensive investor communications programs. His bilingual capabilities and proven track record in capital raising and investor relations will be instrumental in advancing the Company’s growth objectives as well as enhancing shareholder value.

E-Power Stakes Additional Claims at Graphi-Centre

The Company is also pleased to announce the acquisition of 4 additional claims covering favorable airborne survey conductive trends. The new claims are contiguous with Graphi-Centre, a priority flake graphite surface target on the Tetepisca Property.

About E-Power Resources Inc.

E-Power Resources Inc. is an exploration stage company engaged principally in the acquisition, exploration, and development of graphite properties in Quebec. Its flagship asset, the Tetepisca Graphite Property, is located in the Tetepisca Graphite District of the North Shore Region of Quebec, approximately 215 kilometers from the Port of Baie-Comeau. For further information, please refer to the Company’s disclosure record on SEDAR (www.sedarplus.ca) or contact the Company by email at info@e-powerresources.com.

On Behalf of the Company

James Cross
President & CEO
+1 (438) 701-3736
info@e-powerresources.com

Disclaimer for Forward-Looking Information

This news release contains certain forward-looking statements within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations, or beliefs of future performance are ‘forward-looking statements’. These forward-looking statements reflect the expectations or beliefs of management of the Company based on information currently available to it. Forward-looking statements are subject to a number of risks and uncertainties, including those detailed from time to time in filings made by the Company with securities regulatory authorities, which may cause actual outcomes to differ materially from those discussed in the forward-looking statements. These factors should be considered carefully and readers are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements and information contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

The CSE has not reviewed, approved, or disapproved the contents of this news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/264280

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(TheNewswire)

GRANDE PRAIRIE, ALBERTA – August 28, 2025 TheNewswire – Angkor Resources Corp. (TSXV: ANK,OTC:ANKOF) (‘ANGKOR’ OR ‘THE COMPANY’) announces its previous partner, CanBodia Copper Corp. (‘CCC’) failed to meet its obligations regarding the Andong Bor License.  Following multiple notices to CCC from October 2024 to May 31, 2025, Angkor, through its Cambodian solicitor, filed a Notice of Default with CCC on July 1, 2025, terminating the letter agreement with CCC on the Andong Bor License and declaring the joint relationship null and void.

The license of 100.29 square kilometers straddles two provinces of Oddar Meanchey and Banteay Meanchey in the northwest area of Cambodia and is just south of the Thailand border and has indications of a copper gold porphyry system. The Ministry of Mines and Energy sets requirements for work to be completed on each license in each term, including drilling of prospects. The first three-year term is due for renewal in late August.

In its commitment to maintain the license in good standing, Angkor raised necessary funds and commenced drilling in early July as required.  Before drilling was completed, the border conflict between Thailand and Cambodia caused suspension of drilling activities for safety reasons; the core from the initial drilling has been sent for assays.

Angkor remains committed to continuing its exploration activities and has advanced to license renewal. Following its strategic plan for its mineral licenses, Angkor will continue to advance exploration upon review of the assays.

QUALIFIED PERSON:

Dennis Ouellette, B.Sc., P.Geo., is a member of The Association of Professional Engineers and Geoscientists of Alberta (APEGA #104257) and a Qualified Person as defined by National Instrument 43-101 (‘NI 43-101’). He is the Company’s VP Exploration on site and has reviewed and approved the technical disclosure in this document.

ABOUT Angkor Resources CORPORATION:

Angkor Resources Corp. is a public company, listed on the TSX-Venture Exchange, and is a leading resource optimizer in Cambodia working towards mineral and energy solutions across Canada and Cambodia. ANGKOR’s carbon capture and gas conservation project in Saskatchewan, Canada is part of its long-term commitment to Environmental and Social projects and cleaner energy solutions across jurisdictions.

The company’s mineral subsidiary, Angkor Gold Corp. in Cambodia holds three mineral exploration licenses in Cambodia and its Cambodian energy subsidiary, EnerCam Resources, was granted an onshore oil and gas license of 7300 square kilometers in the southwest quadrant of Cambodia called Block VIII.   The company then removed all parks and protected areas to reduce the size to just over 3700 square kilometers.   Since 2022, Angkor’s Canadian subsidiary, EnerCam Exploration Ltd., has been involved in gas/carbon capture and oil and gas production in Saskatchewan, Canada.

CONTACT: Delayne Weeks – CEO

Email: info@angkorresources.com Website: angkor resources.com Telephone: +1 (780) 831-8722

Please follow @AngkorResources on , , , Instagram and .

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.

Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company, including, but not limited to the potential for gold and/or other minerals at any of the Company’s properties, the prospective nature of any claims comprising the Company’s property interests, the impact of general economic conditions, industry conditions, dependence upon regulatory approvals, uncertainty of sample results, timing and results o f future exploration, and the availability of financing.  Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

Copyright (c) 2025 TheNewswire – All rights reserved.

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Nevgold Corp. (‘ NevGold ‘ or the ‘ Company ‘) ( TSXV:NAU,OTC:NAUFF) (OTCQX:NAUFF) (Frankfurt:5E50 ) is pleased to announce that it has entered into a standstill agreement with GoldMining Inc. (‘ GoldMining ‘), pursuant to which GoldMining has agreed not to, directly or indirectly, sell common shares of NevGold through open market transactions for a period of 18 months subject to certain customary exceptions. GoldMining holds, and has control and direction over, 19,073,350 common shares, representing approximately 16.7% of the Company’s outstanding common shares.

NevGold CEO, Brandon Bonifacio, comments: ‘We are pleased to execute this Standstill Agreement with GoldMining, which prohibits selling, transferring or disposing NevGold shares for a period of 18 months through open market transactions. The Company will have an extremely active end to 2025, and we will have more updates out shortly from our Limousine Butte (oxide gold-antimony), Nutmeg Mountain (oxide gold), and Zeus (copper) projects.’

GoldMining CEO, Alastair Still, comments: ‘We continue to be supportive of NevGold and continue to be its largest shareholder holding 16.7% of NevGold’s outstanding shares. We look forward to working with NevGold as it continues to progress and develop its high quality projects in the Western USA.’

ON BEHALF OF THE BOARD

‘Signed’

Brandon Bonifacio, President & CEO

For further information, please contact Brandon Bonifacio at bbonifacio@nev-gold.com, call 604-337-4997, or visit our website at www.nev-gold.com .

About the Company
NevGold is an exploration and development company targeting large-scale mineral systems in the proven districts of Nevada and Idaho. NevGold owns a 100% interest in the Limousine Butte and Cedar Wash gold projects in Nevada, and the Nutmeg Mountain gold project and Zeus copper project in Idaho.

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.

 

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Bold Ventures Inc. (TSXV: BOL,OTC:BVLDF) (the ‘Company’ or ‘Bold’) is pleased to announce that it has received two exploration permits for work at the Burchell Gold Copper Project. The applications were made as a result of recent exploration work in and around the ‘111 Zone’ gold discovery (see Bold News Release dated January 9, 2025) and the strike extension of the Moss Trend on the adjacent Moss Gold Property of Goldshore Resources Inc. to the west (see Bold New Release dated July 21, 2025 and Bold News Release dated August 18, 2025). The Burchell Property is located approximately 100 km west of Thunder Bay, Ontario.

The permits contemplate line cutting, mechanical stripping, geophysical surveys and diamond drilling. The Company anticipates a mechanical stripping program in the coming weeks at the 111 Zone. Based on those results, a diamond drilling program is planned to target the 111 Zone and the northwest corner of the Property, where an MMI(TM) soil sampling survey earlier this summer identified numerous polymetallic anomalies along strike from the Moss Gold Deposit of Goldshore Resources Inc.

Ring of Fire News

The Company would like to highlight recent news pertaining to the Black Horse Chromite Deposit on the Koper Lake (Black Horse) Project in the Ring of Fire, of which Bold Ventures owns a 10% carried interest to production. The Canadian Chrome Company Inc. (‘CCC’, formerly KWG Resources Inc.), which owns the remaining interest, recently announced a $25 million financing to drill deep geophysical targets at the chrome discovery, which they postulate is the fault-offset twin of the Black Thor chromite deposit (see CCC News Release dated February 24, 2023).

Bold’s Koper Lake Project in the Ring of Fire:

Bold holds a 10% carried interest (through to production) in the Black Horse Chromite NI 43-101 Inferred Resource of 85.9 Mt grading 34.5% Cr2O3 at a cut-off of 20% Cr2O3 (KWG Resources Inc., NI 43-101 Technical Report, Aubut 2015). Bold also holds a 40% working interest in all other metals found within the Koper Lake Project and has a Right of First Refusal on a 1% NSR covering all metals found within the claim group.

The Black Horse is contiguous with the Blackbird Chromite deposits owned by Ring of Fire Metals (formerly Noront Resources Inc.). The Koper Lake claims are located approximately 300 m from their Eagle’s Nest Ni-Cu Massive Sulphide Deposit that is in the permit acquisition stage. Chromite, nickel and copper are critical minerals that will play an important role in the electrification plans of Ontario and North America. The Company is encouraged by these ongoing developments in this emerging critical mineral mining camp.

The environmental assessment process for all-weather road access to the Ring of Fire is being developed as three proposed road projects: the Northern Road Link, the Marten Falls Community Access Road and the Webeque Supply Road. Information and progress regarding these projects may be accessed via the links provided on Bold’s Critical and Battery Minerals page.

The technical information in this news release was reviewed and approved by Coleman Robertson, B.Sc., P. Geo., the Company’s V.P. of Exploration and a qualified person (QP) for the purposes of NI 43-101.

Bold Ventures management believes our suite of Battery, Critical and Precious Metals exploration projects are an ideal combination of exploration potential meeting future demand. Our target commodities are comprised of: Copper (Cu), Nickel (Ni), Lead (Pb), Zinc (Zn), Gold (Au), Silver (Ag), Platinum (Pt), Palladium (Pd) and Chromium (Cr). The Critical Metals list and a description of the Provincial and Federal electrification plans are posted on the Bold Critical and Battery Minerals page.

About Bold Ventures Inc.

The Company explores for Precious, Battery and Critical Metals in Canada. Bold is exploring properties located in active gold and battery metals camps in the Thunder Bay and Wawa regions of Ontario. Bold also holds significant assets located within and around the emerging multi-metals district dubbed the Ring of Fire region, located in the James Bay Lowlands of Northern Ontario.

For additional information about Bold Ventures and our projects please visit boldventuresinc.com or contact us at 416-864-1456 or email us at info@boldventuresinc.com.

‘Bruce A MacLachlan’
Bruce MacLachlan
President and COO
‘David B Graham’
David Graham
CEO

 

Direct line: (705) 266-0847

Email: bruce@boldventuresinc.com

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

Cautionary Note Regarding Forward-Looking Statements: This Press Release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words ‘may’, ‘would’, ‘could’, ‘will’, ‘intend’, ‘plan’, ‘anticipate’, ‘believe’, ‘estimate’, ‘expect’ and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. Shareholders are cautioned not to put undue reliance on such forward-looking statements.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION
IN THE UNITED STATES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/264249

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