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The U.S. shipbuilding industry is looking for help. A South Korean company is answering the call.

Hanwha Philly Shipyard CEO David Kim, nodding to the gargantuan vessels under construction just off the Delaware River, on Wednesday offered the kind of vision that has brought some optimism back to the U.S. shipbuilding community.

“You take that level of experience, the technology that we have, the know-how, the process expertise, and so clearly, we believe we have a lot to bring to the Philly Shipyard, as well as to the U.S. maritime industrial base, in terms of modernization capacity,” he said on a walkthrough of the shipyard.

Hanwha Philly Shipyard CEO David Kim.Obtained by NBC News

Hanwha Group bought the Philly Shipyard in December for $100 million and plans to invest multiple times that amount in the yard, training over a thousand new workers and bringing in new high-tech equipment. The company hopes to build naval ships and become the first U.S. builder of specialized liquefied natural gas tankers.

Shipbuilding in the United States has been all but dormant. China, South Korea, Japan and Europe all produce far more ships than the United States, with the few shipyards still operating in the country concentrating on military ships.

Revitalizing shipbuilding has been one of the areas President Donald Trump has pointed to as part of a broader effort to bring manufacturing back to the United States — a move some see as shortsighted considering the costs associated with building the kind of gigantic modern ships that remain a core part of how goods and commodities move around the planet.

This post appeared first on NBC NEWS

President Donald Trump said Wednesday that Coca-Cola in the United States will begin to be made with cane sugar, but the company did not explicitly say that was the case when it was asked later about Trump’s claim.

Trump said Wednesday afternoon on Truth Social that he had been speaking to Coca-Cola about using cane sugar in the sodas sold in the United States and that the company agreed to his idea.

‘This will be a very good move by them — You’ll see. It’s just better!’ Trump wrote in the post.

But Coca-Cola did not commit to the change when NBC News asked it later about Trump’s post.

‘We appreciate President Trump’s enthusiasm for our iconic Coca-Cola brand,’ a company spokesperson said in a statement. ‘More details on new innovative offerings within our Coca-Cola product range will be shared soon.’

Donald Trump drinks a Diet Coke during the ProAm of the LIV Golf Team Championship at Trump National Doral Golf Club, on Oct. 27, 2022, in Doral, Fla.Lynne Sladky / AP file

It remains unclear whether Coca-Cola agreed to Trump’s proposal or whether the beloved soda will still be made with corn syrup.

The Trump administration’s Make America Healthy Again initiative, named for the social movement aligned with Health Secretary Robert F. Kennedy Jr., has pushed food companies to alter their formulations to remove ingredients like artificial dyes.

Coca-Cola produced for the U.S. market is typically sweetened with corn syrup, while the company uses cane sugar in some other countries, including Mexico and various European countries.

Coca-Cola announced in 1984 it was going to “significantly increase” the amount of corn syrup it was using in its U.S. products, The New York Times reported at the time.

Coca-Cola said it would use corn syrup to sweeten bottled and canned Coke, as well as caffeine-free Coke, but left itself “flexibility” to use other sweeteners, like sugar or high-fructose corn syrup, the Times reported.

Kennedy has criticized how much sugar is consumed in the American diet and has said updated dietary guidelines released this summer will advise people to ‘eat whole food.’

Trump has been known to enjoy Coca-Cola products. The Wall Street Journal reported that a Diet Coke button, which allows him to order the soda on demand, has joined him in the Oval Office for both of his terms.

This post appeared first on NBC NEWS

Former White House press secretary Karine Jean-Pierre is expected to sit down with House Oversight Committee investigators behind closed doors in September, Fox News Digital has learned.

A House Oversight Committee aide told Fox News Digital that she’s one of four high-profile former Biden officials who have scheduled interviews with the panel.

Also expected to appear in the coming weeks are Ian Sams, former special assistant to the president and senior advisor in the White House Counsel’s Office; Andrew Bates, former deputy assistant to the president and senior deputy press secretary; and Jeff Zients, former White House chief of staff, the aide said. 

Committee Chair James Comer, R-Ky., is investigating allegations that Biden’s former top White House aides covered up signs of his mental and physical decline while in office, and whether any executive actions were commissioned via autopen without the president’s full knowledge. Biden allies have pushed back against those claims.

In an interview with The New York Times on Thursday, Biden affirmed he ‘made every decision’ on his own.

All four new witnesses are scheduled to appear for voluntary transcribed interviews, the Oversight aide said.

Jean-Pierre is expected on Sept. 12, Sams on Aug. 21, Bates on Sept. 5, and Zeints on Sept. 18, Fox News Digital was told.

With Zeints’ appearance, both former Biden chiefs of staff will have met with House investigators.

Ronald Klain, who led Biden’s White House staff during the earlier part of his term, is due to sit down for a voluntary transcribed interview later this month.

Comer has so far spoken with four ex-Biden aides, including two under subpoena – ex-White House physician Kevin O’Connor and Anthony Bernal, a longtime aide to ex-first lady Jill Biden.

Both Bernal and O’Connor pleaded the Fifth Amendment but denied it was an admission of guilt.

Former deputy White House chief of staff Annie Tomasini was initially expected to appear for a transcribed interview on Friday but was subpoenaed earlier this week at her counsel’s request.

The interviews and depositions are largely expected to be staff-led, with the exception of appearances by Comer and occasionally other members of the House Oversight Committee.

Rep. Jasmine Crockett, D-Texas, has made surprise appearances at each of the last three sit-downs.

Meanwhile, Rep. Byron Donalds, R-Fla., publicly called for Comer to subpoena Jill Biden after Bernal’s deposition on Wednesday.

A source familiar with the Biden team’s thinking called Republicans’ probe ‘dangerous’ and ‘an attempt to smear and embarrass.’

‘And their hope is for just one tiny inconsistency between witnesses to appear so that Trump’s DOJ prosecute his political opponents and continue his campaign of revenge,’ the source said.

This post appeared first on FOX NEWS

Democrats on the Senate Judiciary Committee stormed out of an executive committee meeting Thursday moments before the panel voted to advance President Donald Trump’s judicial nominee, Emil Bove, to the full Senate floor for a vote.

Sen. Cory Booker, D-N.J., urged Senate Judiciary Committee Chairman Chuck Grassley, R-Iowa, before the vote to allow them to consider the allegations against Bove made by a former Justice Department attorney, Erez Reuveni, in a whistleblower report.

Booker invoked Rule 4 of the committee rules in trying to push for additional debate time, which Grassley declined to acknowledge before ordering the vote — prompting the Democrat members of the panel to abruptly exit the hearing room.

Shortly before walking out, Booker took aim at Grassley. ‘What are you afraid of?’ he erupted, after Grassley tried to speak over him and hold the vote. ‘Debating this [nomination], putting things on the record — Dear God,’ he said, ‘that’s what we are here for.’

‘This lacks decency, this lacks decorum, it shows that you will not hear from your colleagues,’ Booker said to Grassley in another attempt. ‘You are a decent man,’ he said, imploring him to allow a small window of additional time for the panel to debate before pushing through with the committee vote. 

‘Why are you doing this?’ Booker pressed again. 

 ‘What are they saying to you,’ he said, referring to the Trump administration, ‘that is making you do something to violate the decorum, the decency and the respect of this committee to at least hear each other out?’ 

The nearly hour-long debate held prior to Bove’s confirmation vote was unsuccessful, and Trump’s nominee cleared the committee in a party-line vote.

Still, there were sharp objections made by other Democrats on the panel, including Sen. Sheldon Whitehouse, D-NY, who joined Booker in upbraiding their Republican colleagues on the panel for what they described as a lack of candor and their refusal to consider the allegations made by Reuveni. 

They also noted the dozens of former federal and state judges, and hundreds of former federal prosecutors, who had the panel to reject Bove’s nomination to a lifetime appointment on the federal bench.

Whitehouse, for his part, invoked Shakespeare: ‘There’s something rotten in Denmark,’ he said in voicing his opposition to the decision to push through with the confirmation vote. 

Booker ended the sharp exchange with Grassley by saying simply, ‘This is wrong, sir, and I join with my colleagues in leaving,’ before streaming out of the committe room.

Trump announced earlier this year the nomination of senior Justice Department official and his former defense attorney, Emil Bove, to serve on the U.S. Court of Appeals for the Third Circuit. Bove’s nomination immediately sparked intense pushback and opposition from some lawmakers, and from the former prosecutors and judges. 

It comes as Trump administration officials have taken aim at the so-called ‘activist’ judges they argue are blocking the president’s agenda and preventing him from enacting his sweeping policy goals, including the administration’s crackdown on border security and immigration.

Bove’s path to confirmation in the full Senate chamber remains rocky, and comes amid mounting concerns over the allegations made in the whistleblower report.

Speaking to reporters after leaving the committee room on Thursday, Sen. Richard Blumenthal, D-CT, described the decision by Republicans to push through with the vote without considering the whistleblower allegations in a separate hearing, and despite the state objections of Democrats on the panel as a ‘blatant violation of the rules of committee.’

‘I haven’t seen anything like it in 15 years in the U.S. Senate,’ he told reporters. ‘Just overriding, roughshod, the rules of the committee to silence members [on concerns involving] the nominees for lifetime appointments’ on the federal bench, he said. 

‘We can disagree about whether they should be on the court, but not about the rules that put them there.’ 

This post appeared first on FOX NEWS

A bipartisan House duo is teaming up for a resolution to urge elected leaders in the U.S. to condemn the phrase ‘globalize the intifada.’

The legislation, being led by Reps. Josh Gottheimer, D-N.J., and Rudy Yakym, R-Ind., would condemn the phrase ‘as a call to violence against Israeli and Jewish people across the world.’

‘Globalize the intifada,’ as a call, has been a subject of national controversy since the Oct. 7, 2023, terror attack by Hamas in southern Israel, though it sparked new tension in recent weeks with New York City mayoral candidate Zohran Mamdani’s refusal to publicly condemn it. He reportedly recently distanced himself from the slogan during a private meeting, however.

While the bipartisan legislation does not expressly mention Mamdani, the four-page bill is notably being released a day after his trip to meet with national Democrats in Washington, D.C.

‘Condemning it should be common sense, but some would rather play politics than tell the truth. The violence and hatred directed at Jewish and Israeli people is reprehensible,’ Yakym told Fox News Digital. ‘No one, especially in America, should have to live in fear for their safety, or even their life, because of their religion or ethnicity.’

Gottheimer, who is Jewish, said, ”The Intifada’ refers to a horrific wave of terror attacks that killed thousands of Jews. Globalizing it is a direct call for violence against Jews, and it must be condemned.’

‘I’m against hate speech targeting anyone — and everyone should be. It’s insane and unacceptable to me that this antisemitic rhetoric is spreading rampant across our country,’ he said.

A moderate Democrat who helps lead the Problem Solvers Caucus, Gottheimer was one of the Democrats present at Mamdani’s breakfast event with Rep. Alexandria Ocasio-Cortez, D-N.Y., on Wednesday.

Their legislation cites several instances of violence against Jews in recent months, including the attack on pro-Israel demonstrators in Colorado, the fatal shooting of a pair of Israeli embassy staffers in D.C., and arson at the Pennsylvania governor’s mansion while Gov. Josh Shapiro and his family were holding a Passover seder.

If passed in the House, the resolution would affirm that lawmakers believe ‘globalize the intifada’ is a ‘call for violence against Israeli and Jewish people across the world’ that ‘undermines the safety and security of Israeli and Jewish people in their communities.’

It would also declare that ‘those truly committed to Middle East peace should refrain from affirming, chanting, or displaying the slogan’ and ‘the slogan must be strongly and unequivocally condemned by national, State, and local leaders.’

‘Globalize the intifada’ has become a well-worn refrain at pro-Palestine demonstrations across the U.S., in response to Israel’s invasion of Gaza following the Hamas attack.

Others have warned, however, that it’s part of an increasingly alarming trend of antisemitic rhetoric that’s broken out in the U.S. since the war between Israel and Hamas began.

Mamdani, a self-proclaimed Democratic socialist who won the Democratic primary in the New York City mayoral race, has been slammed by his critics for refusing to condemn calls to ‘globalize the intifada.’

He is not being accused of using the phrase himself, however.

The New York Times reported that Mamdani said in a Tuesday meeting with business leaders that he would ‘discourage’ the use of the phrase.

Like many on the progressive left, he’s a fierce critic of Israel’s military operation in Gaza.

Fox News Digital’s Deirdre Heavey contributed to this report.

This post appeared first on FOX NEWS

Though Senate Republicans were successful in their mission to pass President Donald Trump’s clawback package, not every member of the conference was on board.

Only two Republicans, Sens. Lisa Murkowski, R-Alaska, and Susan Collins, R-Maine, joined with every Senate Democrat to vote against the $9 billion package geared toward clawing back foreign aid and public broadcasting funding.

Senate Republican leaders had hoped that stripping $400 million in cuts to Bush-era international AIDS and HIV prevention funding could win over all the holdouts, both public and private. But the lawmakers who voted against the bill had deeper concerns about the level of transparency during the process and the impact successful rescissions could have on Congress’ power of the purse.  

Collins, who chairs the Senate Appropriations Committee, said she agreed with rescissions in general and supports them during the appropriations process, but couldn’t get behind the White House’s push because of a lack of clarity from the Office of Management and Budget (OMB) about exactly what would be cut and how.

She said that ‘the sparse text’ sent to lawmakers included little detail and did not give a specific accounting of programs that would be cut to hit the original $9.4 billion target.

‘For example, there are $2.5 billion in cuts to the Development Assistance account, which covers everything from basic education, to water and sanitation, to food security — but we don’t know how those programs will be affected,’ she said.

Murkowski demanded a return to legislating and appeared to warn that lawmakers were just taking marching orders from the White House rather than doing their own work. 

Both Murkowski and Collins were also concerned about the cuts to public broadcasting, particularly to rural radio stations. Both attempted to make changes to the bill during the vote-a-rama. Collins’ ultimately decided not to bring her amendment, which would have reduced the total amount of cuts in the bill to north of $6 billion, to the floor. However, Sen. Mark Kelly, D-Ariz., still brought the change for a vote. And Murkowski offered an amendment that would have drastically reduced the cuts to public broadcasting. 

The climactic vote for the bill came hours after tsunami warnings rippled through Alaska, and Murkowski argued that federal warnings were relayed through local public broadcasting. 

‘The tsunami warnings are now thankfully canceled, but the warning to the U.S. Senate remains in effect,’ she said. ‘Today of all days, we should vote down these misguided cuts to public broadcasting.’

Still, both attempts to modify the bill failed to pass muster. 

Their decision to go against the package left some scratching their heads. Sen. Ron Johnson, R-Wis., argued that the cuts amounted to less than a tenth of a percent of the federal government’s entire budget.

‘This should be a chip shot, OK? I have faith in [OMB Director] Russ Vought,’ he said. ‘I have faith in the Trump administration. They’re not going to cut things that are important spending.’

Sen. Eric Schmitt, R-Mo., who is leading the bill in the Senate, rebuked the duo’s arguments and said that lawmakers weighing in on the rescissions package was in line with their legislative duties.

‘That’s exactly what we’re doing,’ the Missouri Republican said. ‘I would hope that maybe what this will also do is highlight some of the wasteful spending, so when we get into the appropriations process in the next few months that we would be more keen to be focused on saving people money.’

Trump’s bill, which would cancel unspent congressionally approved funding, would slash just shy of $8 billion from the U.S. Agency for International Development (USAID), and over $1 billion from the Corporation for Public Broadcasting (CPB), the government-backed funding arm for NPR and PBS.

Some lawmakers, like Sen. Thom Tillis, who earlier this month voted against Trump’s ‘big, beautiful bill’ over cuts to Medicaid funding, understood where the pair were coming from.

The North Carolina Republican told Fox News Digital that Collins, in particular, would be leading negotiations for an end-of-year bipartisan funding deal with Senate Democrats, and to vote in favor of canceling congressionally approved funding could hurt her ability to find a solution to keep the government funded.

‘I don’t think people really understand the value of your word and your consistency and your living up to commitments and how important that is to getting things done,’ Tillis said. ‘And this, I think, that’s what Susan’s looking at, I think Murkowski is as well, and I respect them for that.’

This post appeared first on FOX NEWS

Former Russian President Dmitry Medvedev said Moscow should consider launching ‘preemptive strikes’ against the West as the U.S. and its NATO allies ratchet up defensive support for Ukraine.

‘The statements of Western politicians on this topic are complete nonsense,’ Medvedev, deputy chair of Russia’s security council, said in an interview with state media outlet Tass, according to Reuters reporting. 

‘We need to act accordingly. To respond in full. And if necessary, launch preemptive strikes,’ he added. 

Medvedev’s comments come just two days after President Donald Trump announced secondary tariffs on Moscow by slapping 100% tariffs on nations that purchase Russian oil if the Kremlin does not enter into a peace agreement with Ukraine within the next 50 days. 

Reports also surfaced this week claiming that Trump had mulled the possibility of Ukraine hitting the Russian capital while in a call with Ukrainian President Volodymyr Zelenskyy earlier this month. Kyiv would not comment on the issue and the White House said the question was taken ‘out of context’ and was not an attempt at ‘encouraging further killing.’

Trump this week said the U.S. would be sending Patriot missiles to NATO nations that would then be routed to Ukraine, and on Wednesday he suggested the sophisticated weaponry was already en route to Germany.

‘They’re already being shipped,’ Trump told reporters from Joint Base Andrews in Maryland. ‘They’re coming in from Germany and then replaced by Germany. And in all cases, the United States gets paid back in full.’

But the timing of the weapons delivery systems and where exactly they are being routed to remains unclear as a spokesman for Germany’s defense ministry on Thursday told reporters he had no knowledge of such an incoming shipment. 

‘I cannot confirm that anything is currently on the way. That is not known to me,’ the spokesman reportedly told Swiss broadcasting outlet SRF, before noting that a virtual meeting of the Ukraine Defense Contact Group (UDCG) will be held on Monday, when delivery specifications of U.S. Patriot systems will be hashed out. 

But the quick delivery of the U.S. missile systems appears to be a top priority for Washington and NATO as Switzerland, which is not a NATO nation, also announced on Thursday that its anticipated receipt of five Patriot batteries, purchased from the U.S. in 2022 with a pledged delivery date to begin in 2026, had been delayed. 

‘The United States Department of Defense has informed the (Swiss Defense Ministry) that it will reprioritize the delivery of Patriot systems to support Ukraine, focusing on ground-based air defense,’ the ministry said in a statement.

‘No statement can be made at this stage regarding the exact timing and any further implications for Switzerland,’ the ministry added. ‘Clarifications are ongoing.’

Medvedev on Thursday said the action by NATO amounted to a full-blown war against Russia by the West.

‘What is happening today is a proxy war, but in essence it is a full-scale war (launches of Western missiles, satellite intelligence, etc.), sanctions packages, loud statements about the militarization of Europe,’ he told the Russian media outlet. 

Though the push to send Patriot systems and threats to sanction Moscow are significant as it is the first time since Trump entered office that he has looked to start actively countering Russian President Vladimir Putin’s war effort, not everyone is convinced it is strong enough. 

EU leaders earlier in the week commented on the length of time the president allotted for Putin despite months of diplomacy failing to yield real action on the battlefield. 

And Zelenskyy noted that 50 days of waiting means another 50 days of death for Ukrainian citizens. 

‘Fifty days, for us, is just – every day is scary,’ Zelenskyy said in an interview with the New York Post released on Thursday.

‘Putin has wasted President Trump’s time,’ he added. ‘I would very much like to see the United States, the Congress and the president put some pressure on this situation with sanctions and so the sooner, the faster it can be done, the better.’

‘We would certainly like to speed up this process,’ Zelenskyy added. ‘We, for our part, will work to provide more information [to Trump], more arguments for strong sanctions against Russia.’

Fox News Digital could not immediately reach the Pentagon or Germany’s Defense Ministry for comment. 

This post appeared first on FOX NEWS

Maritime Resources Corp. (TSXV: MAE,OTC:MRTMD) (‘Maritime’ or the ‘Company’) is pleased to announce the closing of its previously announced brokered ‘best efforts’ private placement offering (the ‘Offering’) of common shares in the capital of the Company (‘Offered Securities’) for aggregate gross proceeds of approximately $11,500,490. The Offering was led by Paradigm Capital Inc. (‘Paradigm’), as lead agent and sole bookrunner, on a ‘best efforts’ agency basis, together with SCP Resource Finance LP (together with Paradigm, the ‘Agents’), pursuant to the terms of an agency agreement among the Company and the Agents dated as of July 17, 2025 (the ‘Closing Date’).

Pursuant to the Offering, the Company issued an aggregate of 10,177,425 Offered Securities, including the exercise of exercise of the Agents’ option to sell additional Offered Securities, at a price of $1.13 per Offered Security (the ‘Issue Price‘). All Offered Securities issued in connection with the Offering are subject to a four month plus one day hold period in accordance with Canadian securities laws. The net proceeds from the Offering will be used for exploration and development at the Company’s mineral projects in Newfoundland and Labrador, repaying the balance of the Company’s US$5,000,000 aggregate principal amount of senior secured notes, and general working capital purposes.

In connection with the closing of the Offering, the Company paid the Agents a cash commission and corporate finance fee totaling $684,089 and issued the Agents compensation options exercisable for a period of 24 months following the Closing Date to acquire up to 605,389 Offered Securities at the Issue Price.

The Offering was conducted in all provinces and territories of Canada pursuant to private placement exemptions, in the United States pursuant to an exemption from the registration requirements of the United States Securities Act of 1933, as amended (the ‘U.S. Securities Act‘), and in such other jurisdictions as agreed to by the Company and the Agents. The securities have not been, and will not be, registered under the U.S. Securities Act, or any U.S. state securities laws, and may not be offered or sold in the United States without registration under the U.S. Securities Act and all applicable state securities laws or compliance with the requirements of an applicable exemption therefrom. This press release does not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor may there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Certain directors, officers and 10% shareholders of the Company participated in the Offering and subscribed for an aggregate of 30,975 Offered Securities for gross proceeds of $35,002. The participation of such insiders constituted a related party transaction as defined under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (‘MI 61-101‘). The Company intends to rely on the exemptions in Sections 5.5(a) and 5.7(1)(a) from the formal valuation and minority shareholder approval requirements of MI 61-101 as the fair market value of the securities issued in the Offering will not exceed 25% of the Company’s market capitalization. The Company did not file a material change report more than 21 days prior to the closing of the Offering as the subscriptions were not known in advance of its announcement.

About Maritime Resources Corp.

Maritime (TSXV: MAE,OTC:MRTMD) is a gold exploration and development company focused on advancing the Hammerdown Gold Project in the Baie Verte District of Newfoundland and Labrador, a top tier global mining jurisdiction. Maritime holds a 100% interest directly and subject to option agreements entitling it to earn 100% ownership in the Green Bay Property which includes the former Hammerdown gold mine and the Orion gold project. Maritime controls over 439 km2 of exploration land including the Green Bay, Whisker Valley, Gull Ridge and Point Rousse projects. Mineral processing assets owned by Maritime in the Baie Verte mining district include the Pine Cove mill and the Nugget Pond gold circuit.

On Behalf of the Board:

Maritime Resources Corp.

Garett Macdonald, MBA, P.Eng.
President and CEO
Phone: (416) 365-5321
info@maritimegold.com
www.maritimeresourcescorp.com

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Caution Regarding Forward-Looking Statements:

Certain of the statements made and information contained herein is ‘forward-looking information’ within the meaning of National Instrument 51-102 Continuous Disclosure Obligations of the Canadian Securities Administrators. These statements and information are based on facts currently available to the Company and there is no assurance that actual results will meet management’s expectations. Forward-looking statements and information may be identified by such terms as ‘anticipates’, ‘believes’, ‘targets’, ‘estimates’, ‘plans’, ‘expects’, ‘may’, ‘will’, ‘could’ or ‘would’. While the Company considers its assumptions to be reasonable as of the date hereof, forward-looking statements and information are not guarantees of future performance and readers should not place undue importance on such statements as actual events and results may differ materially from those described herein. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking statements in this news release include without limitation, statements related to the Offering and the use of proceeds thereof. All forward-looking information contained in this press release is given as of the date hereof, and is based on the opinions and estimates of management and information available to management as of the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events, or otherwise, except as may be required by applicable securities laws.

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

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/259103

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(TheNewswire)

 

  

   
 

  

  Under the agreement, ITG will receive compensation of CAD$5,000 per month, payable monthly in advance.  The agreement is for an initial term of one month and will renew for additional one-month terms unless terminated.  The agreement may be terminated by either party with 30 days’ notice.  There are no performance factors contained in the agreement and ITG will not receive shares or options as compensation.  ITG and the Company are unrelated and unaffiliated entities and at the time of the agreement, neither ITG nor its principals have an interest, directly or indirectly, in the securities of the Company   .  

 

Shares for Debt Settlement

 

  Further to the Company’s news release of June 16, 2025, it has received TSXV acceptance of the agreements with certain creditors to accept shares in the Company in settlement of their debt.   The aggregate number of shares to be issued is 2,376,667 at a price of $0.06 per share, for settlement of $142,600.00.   All securities issued will be subject to a four-month hold period which will expire on the date that is four months and one day from the date of issue.  

 

  The issuance of 2,376,667   common shares to directors and officers of the Company constitutes a ‘related party transaction’ as this term is defined in Multilateral Instrument 61-101: Protection of Minority Securityholders in Special Transactions (‘   MI 61-101   ‘). The directors and officers of the Company, acting in good faith, determined that the fair market value of the common shares being issued pursuant to the shares for debt transaction and the consideration being paid is reasonable. The Company intends to rely on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 as neither the fair market value of the common shares nor the debt exceeds 25% of the Company’s market capitalization.  

 

About Independent Trading Group

 

  Independent Trading Group (ITG) Inc. is a Toronto based CIRO dealer-member that specializes in market making, liquidity provision, agency execution, ultra-low latency connectivity, and bespoke algorithmic trading solutions.  Established in 1992, with a focus on market structure, execution and trading, ITG has leveraged its own proprietary technology to deliver high quality liquidity provision and execution services to a broad array of public issuers and institutional investors.  

 

      About Pinnacle Silver and Gold Corp.  

 

  Pinnacle   is   focused   on   district-scale   exploration   for   precious   metals   in the Americas.  The high-grade Potrero gold-silver project in Mexico’s Sierra Madre Belt hosts an underexplored low-sulphidation epithermal vein system and provides the potential for near-term production   .   In the prolific   Red   Lake   District   of   northwestern   Ontario, the Company owns a 100%   interest in the   past-producing,   high-grade   Argosy   Gold   Mine and the adjacent North Birch   Project   with an eight-kilometre-long target horizon   .   With   a   seasoned,   highly   successful   management   team   and   quality   projects,   Pinnacle   Silver   and   Gold   is committed   to   building   long   -term   ,   sustainable   value   for   shareholders.  

 

  Signed: ‘Robert A. Archer’  

 

  President & CEO  

 

    For further information contact   :  

 

  Email:     info@pinnaclesilverandgold.com    

 

  Tel.:  +1 (877) 271-5886 ext. 110  

 

    Website:     www.pinnaclesilverandgold.com    

 

  Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release   .  

 

Copyright (c) 2025 TheNewswire – All rights reserved.

 

 

News Provided by TheNewsWire via QuoteMedia

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Homerun Resources Inc. (TSXV: HMR,OTC:HMRFF) (OTCQB: HMRFF) (‘Homerun’ or the ‘Company’) announces that, further to its April 2, 2025 news release, the Company will not be proceeding with the previously contemplated engagement of DGWA GmbH as a European financial markets’ adviser. The Company is currently advancing other European financing and advisory relationships.

About Homerun (www.homerunresources.com)
Homerun (TSXV: HMR,OTC:HMRFF) is a vertically integrated materials leader revolutionizing green energy solutions through advanced silica technologies. As an emerging force outside of China for high-purity quartz (HPQ) silica innovation, the Company controls the full industrial vertical from raw material extraction to cutting-edge solar, battery and energy storage solutions. Our dual-engine vertical integration strategy combines:

Homerun Advanced Materials

  • Utilizing Homerun’s robust supply of high purity silica sand and quartz silica materials to facilitate domestic and international sales of processed silica through the development of a 120,000 tpy processing plant.

  • Pioneering zero-waste thermoelectric purification and advanced materials processing technologies with University of California – Davis.

Homerun Energy Solutions

  • Building Latin America’s first dedicated high-efficiency, 365,000 tpy solar glass manufacturing facility and pioneering new solar technologies based on years of experience as an industry leader in developing photovoltaic technologies with a specialization in perovskite photovoltaics.

  • European leader in the marketing, distribution and sales of alternative energy solutions into the commercial and industrial segments (B2B).

  • Commercializing Artificial Intelligence (AI) Energy Management and Control System Solutions (hardware and software) for energy capture, energy storage and efficient energy use.

  • Partnering with U.S. Dept. of Energy/NREL on the development of the Enduring long-duration energy storage system utilizing the Company’s high-purity silica sand for industrial heat and electricity arbitrage and complementary silica purification.

With six profit centers built within the vertical strategy and all gaining economic advantage utilizing the Company’s HPQ silica, across, solar, battery and energy storage solutions, Homerun is positioned to capitalize on high-growth global energy transition markets. The 3-phase development plan has achieved all key milestones in a timely manner, including government partnerships, scalable logistical market access, and breakthrough IP in advanced materials processing and energy solutions.

Homerun maintains an uncompromising commitment to ESG principles, deploying the cleanest and most sustainable production technologies across all operations while benefiting the people in the communities where the Company operates. As we advance revenue generation and vertical integration in 2025, the Company continues to deliver shareholder value through strategic execution within the unstoppable global energy transition.

On behalf of the Board of Directors of
Homerun Resources Inc.

‘Brian Leeners’

Brian Leeners, CEO & Director
brianleeners@gmail.com / +1 604-862-4184 (WhatsApp)

Tyler Muir, Investor Relations
info@homerunresources.com / +1 306-690-8886 (WhatsApp)

FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE
The information contained herein contains ‘forward-looking statements’ within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be ‘forward-looking statements’.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/259053

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