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Skyharbour Resources Ltd. (TSX-V: SYH ) (OTCQX: SYHBF ) (Frankfurt: SC1P ) (‘Skyharbour’ or the ‘Company’) is pleased to announce that its earn-in option partner, UraEx Resources Inc. (‘UraEx’), has commenced an inaugural 2,600-metre diamond drilling program at the South Dufferin Uranium Project (‘South Dufferin’ or the ‘Property’) located immediately south of the southern margin of the Athabasca Basin, proximal to Cameco’s Centennial deposit. UraEx can earn an initial 51% in the Property through CAD $4,600,000 in combined project consideration and up to 100% through $9,800,000 in combined project consideration consisting of cash and share payments as well as exploration expenditures over a five-year period.

 

  South Dufferin Property Map:  
https://skyharbourltd.com/_resources/images/SKY_SouthDufferin.jpg  

 

  2025 Exploration Program at South Dufferin:  

 

UraEx has initiated a fully-funded, comprehensive diamond drilling program for the summer of 2025, with approximately 2,600 metres of drilling planned across 8 to 12 drill holes. This is the first drilling program at the project in over six years. The helicopter-supported program is designed to test the southern extension of the Dufferin Lake Fault, which is interpreted to be the southern continuation of the structural corridor that hosts Cameco’s Centennial deposit and Dufferin Lake zone to the north. Drilling operations will be carried out by Apex Geoscience Ltd., under the supervision of Apex personnel, and with operations based out of a local contracting camp with helicopter support for daily drilling operations. The program will run through the summer and the budget for the program is approximately CAD $1.5 million funded by UraEx.

 

Drilling will prioritize high-potential target areas characterized by historical geochemical anomalies, gravity low signatures, and structural complexity along north-northeast-trending brittle fault corridors on the South Dufferin property. These features are interpreted to represent favourable pathways for uranium-bearing fluids and are considered key indicators for basement-hosted, high-grade uranium mineralization in the Athabasca Basin.

 

Tom Meredith, CEO and Director of UraEx stated: ‘Bordering Cameco’s Centennial project is surely a clear indication of our drill targets potential. The Athabasca Basin is the world’s leading uranium district, responsible for roughly 20% of global production and home to several tier-one discoveries. It has been well explored and understood for many years attracting billions of dollars of investment. Making a discovery is our fundamental goal and our technical team is excited with these targets.’

 

  South Dufferin Property Summary:  

 

The South Dufferin project totals 13,204 hectares in ten claims and is located immediately south of the southern margin of the Athabasca Basin in northern Saskatchewan. The property covers the southern extension of the Virgin River Shear Zone, which hosts known high-grade uranium mineralization at Cameco’s Dufferin Lake zone approximately 13 kilometres to the north (highlight historical drill results of 1.73% U 3 O 8 over 6.5 metres) and Cameco’s Centennial deposit approximately 25 kilometres to the north (includes historical drill results up to 8.78% U 3 O 8 over 33.9 metres).

 

  South Dufferin Property Map:  
https://skyharbourltd.com/_resources/images/SKY_SouthDufferin.jpg  

 

Historical exploration work on South Dufferin consists of airborne EM, magnetic, gravity and radiometric surveys, lake water and sediment sampling, prospecting and ground-truthing of airborne anomalies, geological mapping, and diamond drilling. Some of the historical drill holes intersected elevated uranium with locally anomalous base metal and boron concentrations as well as significant clay alteration.

 

Exploration potential exists for basement-hosted uranium mineralization associated with the Dufferin Lake fault and parallel faults within the Virgin Lake Shear zone. With numerous mineralized showings to the north of the project, exploration efforts at South Dufferin have advanced the project to a discovery-ready state. Significant exploration potential exists for basement-hosted uranium mineralization associated with the Dufferin Lake fault, which has an apparent offset of >200 m, and numerous other parallel faults within the Virgin River Shear zone. The project is drill-ready with several prospective targets warranting follow up work.

 

Most of the claims are in good standing for several years and there are no underlying royalties on the property except for a 2% NSR on one of the claims owned by a third-party.

 

  Qualified Person:  

 

The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed and approved by Serdar Donmez, P.Geo., VP Exploration for Skyharbour as well as a Qualified Person.

 

  About UraEx Resources Inc.:  

 

UraEx Resources Inc. is currently a private company focused on uranium projects in the Athabasca Basin where it has an option to earn-in at the South Dufferin and Bolt projects. The company is planning for upcoming drill programs at the projects as well as a go-public transaction soon. UraEx is run by mining-industry executives and is backed by financiers in the investment industry.

 

  About Skyharbour Resources Ltd.:  

 

Skyharbour holds an extensive portfolio of uranium exploration projects in Canada’s Athabasca Basin and is well positioned to benefit from improving uranium market fundamentals with interest in thirty-six projects covering over 614,000 hectares (over 1.5 million acres) of land. Skyharbour has acquired from Denison Mines, a large strategic shareholder of the Company, a 100% interest in the Moore Uranium Project, which is located 15 kilometres east of Denison’s Wheeler River project and 39 kilometres south of Cameco’s McArthur River uranium mine. Moore is an advanced-stage uranium exploration property with high-grade uranium mineralization in several zones at the Maverick Corridor. Adjacent to the Moore Project is the Russell Lake Uranium Project, in which Skyharbour is operator with joint-venture partner RTEC. The project hosts widespread uranium mineralization in drill intercepts over a large property area with exploration upside potential. The Company is actively advancing these projects through exploration and drilling programs.

 

Skyharbour also has joint ventures with industry leader Orano Canada Inc., Azincourt Energy, and Thunderbird Resources at the Preston, East Preston, and Hook Lake Projects, respectively. The Company also has several active earn-in option partners, including CSE-listed Basin Uranium Corp. at the Mann Lake Uranium Project; TSX-V listed North Shore Uranium at the Falcon Project; UraEx Resources at the South Dufferin and Bolt Projects; Hatchet Uranium at the Highway Project; CSE-listed Mustang Energy at the 914W Project; and TSX-V listed Terra Clean Energy at the South Falcon East Project. In aggregate, Skyharbour has now signed earn-in option agreements with partners that total to over $36 million in partner-funded exploration expenditures, over $20 million worth of shares being issued, and $14 million in cash payments coming into Skyharbour, assuming that these partner companies complete their entire earn-ins at the respective projects.

 

Skyharbour’s goal is to maximize shareholder value through new mineral discoveries, committed long-term partnerships, and the advancement of exploration projects in geopolitically favourable jurisdictions.

 

  Skyharbour’s Uranium Project Map in the Athabasca Basin:  
https://www.skyharbourltd.com/_resources/images/SKY_SaskProject_Locator_2024-11-21_v1.jpg  

 

To find out more about Skyharbour Resources Ltd. (TSX-V: SYH) visit the Company’s website at www.skyharbourltd.com .

 

 Skyharbour Resources Ltd. 

 

‘Jordan Trimble’
  
Jordan Trimble
President and CEO

 

For further information contact myself or:
Nicholas Coltura
Investor Relations Manager
Skyharbour Resources Ltd. 
Telephone: 604-558-5847
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: info@skyharbourltd.com  

 

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

 

The securities offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the ‘U.S. Securities Act’) or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor in any other jurisdiction.

 

This release includes certain statements that may be deemed to be ‘forward-looking statements’. All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements, including the Private Placement.  Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration and development successes, regulatory approvals, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedar.com for further information.

 

 

 

   

 

 

News Provided by GlobeNewswire via QuoteMedia

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Athena Gold Corporation (CSE:ATHA)(OTCQB:AHNRF) (‘Athena Gold’ or the ‘Company’) is pleased to announce the successful completion of its comprehensive till survey at its Laird Lake gold project, located in Ontario’s prolific Red Lake Gold District. The survey, completed ahead of schedule, marks a significant milestone in advancing the Company’s exploration strategy on this highly prospective 4,158-hectare property, which spans over 10 km of the Balmer-Confederation Assemblage contact.

 

The till survey, initiated in May 2025, involved the collection of 2,048 till and QAQC samples across the Laird Lake project, utilizing a grid spacing of 100 m x 100 m within the Balmer and Confederation assemblages and 200 m x 200 m in surrounding felsic intrusive bodies (Figure 1). The program employed the same sampling methodology as West Red Lake Gold’s successful till survey at the nearby Madsen Mine, which confirmed existing mineralization and outlined new zones (see West Red Lake Gold press release, January 29, 2025). The survey is designed to identify gold-in-till anomalies and refine high-priority drill targets, leveraging Athena Gold’s existing dataset, including LiDAR, detailed mapping, magnetics, and electromagnetic surveys.

‘We are thrilled to have completed the till survey at Laird Lake ahead of schedule, a testament to the efficiency and expertise of our exploration team and our partners at Bayside Geoscience,’ said Koby Kushner, President and CEO of Athena Gold. ‘The data from this survey is expected to significantly enhance our understanding of the project’s potential and guide our upcoming drilling campaign, which we hope to initiate this winter.’

 

The Laird Lake project, situated approximately 10 km west of West Red Lake Gold Mines’ flagship Madsen Mine and approximately 34 km northwest of Kinross Gold’s Great Bear project, is road-accessible and remains underexplored. The Company’s exploration crew remains on-site, with ongoing prospecting to further delineate high-priority targets. Athena anticipates receiving assay results from the till survey in late summer 2025, which will inform follow-up fieldwork and help define drill targets for a planned winter drilling program. The Company’s systematic, data-driven approach aims to de-risk its maiden drill program at Laird Lake, maximizing the potential for a significant gold discovery in this world-class gold camp.

Qualified Person

Technical information in this news release has been reviewed and approved by Benjamin Kuzmich, P.Geo., a geoscientist and qualified person for the purposes of National Instrument 43-101.

About Athena Gold Corporation

Athena Gold is engaged in the business of mineral exploration and the acquisition of mineral property assets. Its objective is to locate and develop economic precious and base metal properties of merit and to conduct additional exploration drilling and studies on its projects across North America. Athena Gold’s Laird Lake project is situated in the Red Lake Gold District of Ontario, covering over 4,000 hectares along more than 10 km of the Balmer-Confederation Assemblage contact, where recent surface sampling results returned up to 373 g/t Au. This underexplored area is road-accessible, located about 10 km west of West Red Lake Gold’s Madsen mine and 34 km northwest of Kinross Gold’s Great Bear project. Meanwhile, its Excelsior Springs Au-Ag project is located in the prolific Walker Lane Trend in Nevada, where it is currently under option by Firetail Resources Limited. Excelsior Springs spans over 1,500 hectares and covers at least three historic mines.

For further information about Athena Gold Corporation and our Excelsior Springs Gold project, please visit www.athenagoldcorp.com.

On Behalf of the Board of Directors
Koby Kushner
President and Chief Executive Officer, Athena Gold Corporation

For further information, please contact:
Athena Gold Corporation
Koby Kushner, President and Chief Executive Officer
Phone: 416-846-6164
Email: kobykushner@athenagoldcorp.com

CHF Capital Markets
Cathy Hume, CEO
Phone: 416-868-1079 x 251
Email: cathy@chfir.com

Forward-Looking Statements

This press release contains forward-looking statements and forward-looking information (collectively, ‘forward-looking statements’) within the meaning of applicable Canadian and US. securities laws. All statements, other than statements of historical fact, included herein, including, without limitation, statements regarding future exploration plans, future results from exploration, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: ‘believes’, ‘will’, ‘expects’, ‘anticipates’, ‘intends’, ‘estimates’, ”plans’, ‘may’, ‘should’, ”potential’, ‘scheduled’, or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. In making the forward-looking statements in this press release, the Company has applied several material assumptions, including without limitation, that there will be investor interest in future financings, market fundamentals will result in sustained precious metals demand and prices, the receipt of any necessary permits, licenses and regulatory approvals in connection with the future exploration and development of the Company’s projects in a timely manner.

The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements.

Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update any of the forward-looking statements in this press release or incorporated by reference herein, except as otherwise stated.

Neither the Canadian Securities Exchange nor its regulation services provider accepts responsibility for the adequacy or accuracy of this release.

Source

Click here to connect with Athena Gold Corporation (CSE: ATHA) (OTCQB: AHNRF) to receive an Investor Presentation

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Here’s a quick recap of the crypto landscape for Monday (July 14) as of 9:00 p.m. UTC.

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

Bitcoin and Ethereum price update

Bitcoin (BTC) was priced at US$119,855, up by 0.6 percent in the last 24 hours. The day’s range for the cryptocurrency brought a low of US$119,417 and a high of US$121,191.

Bitcoin price performance, July 14, 2025.

Chart via TradingView

Bitcoin continued to ride tailwinds into a fresh trading week, moving above US$123,000 briefly. Strong institutional demand and over US$2.7 billion in spot ETF inflows have added support, allowing Bitcoin to hold at the US$119,000 level.

Market analysts pointed to strong institutional inflows and broader participation from family offices in Asia. Ethereum followed suit, climbing past US$3,000, while Solana and XRP each rose by approximately 3 percent.

The global crypto market cap now stands at US$3.81 trillion. Analysts say this could mark a structural shift, with bitcoin increasingly viewed as a reserve asset by both institutions and some central banks.

Stocks tied to crypto companies are soaring in tandem: Coinbase and Robinhood hit new highs, while Circle stock has risen over 500 percent since its IPO.

Popular trader Daan Crypto Trades eyed two key liquidation-related zones to watch next: US$115,500- US$116,500 and the area above US$120,000.

10x head of research Markus Thielen postulates that Bitcoin’s position as a defense against a financial crisis in the US is driving the rally: “The narrative has completely shifted: no one is talking about blockchain use cases or Bitcoin’s technological promise anymore. Bitcoin has become a macro asset, a hedge against unchecked deficit spending.”

Eugene Cheung, chief commercial officer of crypto platform OSL, told Cointelegraph that the asset has the potential to reach US$130,000 to US$150,000 by year-end.

Ethereum (ETH) was priced at US$2,997.69, up by 0.1 percent over the past 24 hours. Its lowest valuation on Monday was US$2,989.38 and its highest was US$3,061.18.

Altcoin price update

  • Solana (SOL) was priced at US$163.92, up by 0.7 percent over 24 hours. Its lowest valuation on Monday was US$162.99, and its highest was US$168.18.
  • XRP was trading for US$2.92, up 2.3 percent in the past 24 hours. The cryptocurrency’s lowest valuation was US$2.92, and its highest was US$3.02.
  • Sui (SUI) is trading at US$3.85, up by 10.6 percent over the past 24 hours. Its lowest valuation was US$3.86, and its highest was US$3.99.
  • Cardano (ADA) deviated from the trend, declining by 1.8 percent to US$0.7302 at the market’s closure, its lowest valuation of the day. Its highest valuation on Monday was US$0.7591.

Today’s crypto news to know

Bitcoin hits record US$123,000 as Congress kicks off Crypto Week

Bitcoin surged to a new all-time high of US$123,153.22 on Monday (July 14), driven by investor optimism ahead of major US congressional debates on crypto regulation.

The House of Representatives is set to consider three pivotal bills this week: the GENIUS Act, the CLARITY Act, and the Anti-CBDC Surveillance State Act.

These proposals aim to create a federal framework for stablecoins, clarify regulatory jurisdiction between the SEC and CFTC, and ban the Federal Reserve from issuing a central bank digital currency.

On Friday, White House crypto adviser Bo Hines said he anticipates the House will pass the GENIUS Act without amendments, sending it directly to the President. However, Maxine Waters, Ranking Member of the House Financial Services Committee, and Stephen Lynch, Ranking Member of the Digital Assets Subcommittee, responded by announcing their intention to lead Democrats in opposing this Republican-led legislation, which they have labeled as dangerous.

In early 2025, Waters introduced a stablecoin discussion draft, later proposing a bill to restrict US officials and their families from crypto promotion or ownership. She also suggested the US Treasury Secretary shouldn’t approve a foreign stablecoin regime if that nation’s leader publicly declared themselves a dictator. Ohio Representative Warren Davidson (R) separately proposed a CLARITY Act amendment to protect the right to use hardware or software wallets for lawful digital asset custody.

In a Monday MSNBC op-ed, Waters reiterated her opposition, claiming the proposed bills are designed by and for the crypto industry and pose a threat to consumers and investors

While Waters has put forward these amendments and alternative proposals, the current expectation is that the GENIUS Act will be brought to a floor vote under a restrictive rule, meaning her amendments are not expected to receive a direct vote today or this week as part of the GENIUS Act itself. Instead, her efforts serve to galvanize Democratic opposition and offer a contrasting policy vision, providing reasons for members to vote ‘no’ on the Republican-led legislation.

OKX joins Global Dollar Network

Crypto exchange OKX joined the Global Dollar Network, a consortium promoting its regulated US dollar-backed stablecoin for wider adoption, leveraging its compliance as a key differentiator.

The Global Dollar Network has attracted dozens of partners since its launch in November 2024, including Robinhood (NASDAQ:HOOD), Kraken, Anchorage Digital, Beam, DBS and Standard Chartered. Its token, Paxos, is regulated by the Monetary Authority of Singapore, with reserves held by Singapore-based DBS Bank. In July, USDG expanded into the European Union, operating under the MiCA framework.

Institutional demand pushes Bitcoin ETF inflows to record levels

Spot Bitcoin ETFs saw a wave of institutional capital last week, with more than US$1 billion flowing in on Thursday alone.

BlackRock’s IBIT fund led the surge, becoming the fastest ETF to surpass US$80 billion in assets. The inflows helped propel Bitcoin above US$120,000, reinforcing its position amid growing mainstream adoption and policy momentum.

Since the start of 2025, Bitcoin spot ETFs have attracted a staggering US$22.7 billion in cumulative inflows, the vast majority of which was captured by US-listed funds.

Grayscale files for IPO

Grayscale confidentially filed a Form S-1 with the US Securities and Exchange Commission for an initial public offering on July 14 (Monday), according to an announcement on the firm’s website.

Grayscale joins a growing list of crypto-native companies capitalizing on surging market interest. On Saturday (July 12), memecoin launch platform Pump.fun raised over US$500 million in an initial coin offering (ICO), selling out 33 percent of its maximum 1 trillion supply in about 12 minutes.

Grayscale’s official press release didn’t disclose details such as the number of shares it plans to sell or the anticipated price range. Its Grayscale Bitcoin Trust ETF (NASDAQ:GBTC) closed up 1.44 percent on Monday.

Bhutan sells US$59 Million in Bitcoin but retains US$1.4 Billion in holdings

Bhutan has sold over US$59 million worth of bitcoin in recent days, taking advantage of the cryptocurrency’s historic run past US$123,000.

According to blockchain analytics platform Lookonchain, the country offloaded 512.84 BTC in the past four days. Even after the sale, Bhutan still holds over 11,400 BTC, now valued at more than US$1.4 billion.

The sales are coordinated by Druk Holding & Investments, the country’s sovereign wealth fund, which operates a clean-energy mining program powered by hydropower.

Unlike Germany, which liquidated seized crypto, Bhutan actively mines and times its sales to coincide with price peaks. Officials have emphasized the environmental sustainability of their operations in line with national policy goals.

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

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

This post appeared first on investingnews.com

President Donald Trump’s surprise announcement of 30 percent tariffs on imports from the EU and Mexico has triggered immediate backlash from various stakeholders, with less than three weeks to go before the tariffs take effect on August 1.

The tariffs—part of a broader series of trade penalties that include duties on copper and new levies on Canada, Japan, South Korea, and Brazil—have drawn sharp criticism from some of the country’s closest allies and trading partners.

In Canada, Prime Minister Mark Carney responded forcefully to the 35 percent tariff on Canadian goods, defending his country’s record and accusing Trump of undermining years of bilateral cooperation.

 

“Throughout the current trade negotiations with the United States, the Canadian government has steadfastly defended our workers and businesses,” Carney wrote on X. “We are building Canada strong.”

Canada’s United Steelworkers union condemned the copper tariffs, which they say threaten thousands of Canadian jobs.

“This is yet another escalation in Trump’s trade war that puts Canadian jobs and entire industries at risk,” said USW National Director Marty Warren in a July 10 release.

“Canadian workers didn’t start this trade war, but they’re the ones paying the price,” Warren added.

The union also urged Ottawa to protect its domestic industry: “More than 3,000 of our union’s members work in Canada’s copper industry alone. We need immediate and decisive action to protect these workers.”

Across the Atlantic, the EU has not yet issued a formal response, but analysts say the move could derail the bloc’s ongoing negotiations with Washington.

“Trump’s strategy is to make outrageous demands, then bring them down, then make another push to win some last-minute concessions,” Mathieu Savary, Chief Strategist at BCA Research, told Reuters.

He also predicted that Europe may eventually settle for a 10 percent tariff—’something that the EU can actually handle.’

The US move has also rattled Asia. South Korea’s Ministry of Trade said it would accelerate negotiations with the US following Trump’s threat of a 25 percent tariff.

The ministry said its goal is to “produce mutually beneficial results” and address trade imbalances.

Meanwhile, Japan’s Prime Minister Shigeru Ishiba convened a national task force, saying he “deeply regrets” the tariffs and that Tokyo would continue to protect its national interests.

In Africa, South African President Cyril Ramaphosa blasted Trump’s 30 percent tariff on South African exports, calling it unjustified.

“This reciprocal tariff is not based on an accurate representation of trade data,” Ramaphosa said, maintaining that 77 percent of US exports to South Africa are already duty-free while urging the state to respond to a proposed trade framework submitted in May.

In Latin America, Brazil’s President Luiz Inácio Lula da Silva took aim at Trump’s broader protectionist tone.

At the recent BRICS summit in Rio de Janeiro, Lula said: “The world has changed. We don’t want an emperor.”

Lula was responding to Trump’s threat to slap 10 percent tariffs on BRICS nations if they pursued ‘anti-American’ policies. The Brazilian president reiterated calls for a diversified global trade system, including reducing reliance on the US dollar.

Underlying the current showdown is America’s long-standing import dependence.

According to the recent US Geological Survey (USGS), in 2024, the United States was over 50 percent import reliant for 46 nonfuel mineral commodities — and fully import dependent for 12, including many critical minerals used in manufacturing, defense, and energy sectors.

Despite the mounting backlash, President Trump remains firm, repeatedly portraying the tariffs as necessary to protect American industries and secure better trade terms.

Whether this approach yields results or triggers prolonged trade wars remains uncertain. With less than three weeks before the tariffs take effect, stakeholder groups and nations remain varied in their approach and response to the impending sanctions.

But with little indication from the White House of a willingness to retreat, the global economic community is bracing for a turbulent second half of the year.

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

This post appeared first on investingnews.com

The Federal Reserve has brought in its inspector general to review a building expansion that has drawn fire from the White House, according to a source familiar with the issue.

Fed Chair Jerome Powell asked for the review, following blistering criticism of the project, initially pegged at $2.5 billion but hit by cost overruns that have brought accusations from President Donald Trump and other administration officials of “fundamental mismanagement.”

“The idea that the Fed could print money and then spend $2.5 billion on a building without real congressional oversight, it didn’t occur to the people that framed the Federal Reserve Act,” Kevin Hassett, director of the National Economic Council, said Monday on CNBC’s “Squawk Box.” “We’ve got a real problem of oversight and excess spending.”

The inspector general serves the Fed and the Consumer Financial Protection Bureau and is responsible for looking for fraud, waste and abuse. Powell’s request was reported first by Axios.

In a letter posted to social media last week, Russell Vought, head of the Office of Management and Budget, also slammed the project, which involves two of the Fed’s three Washington, D.C., buildings including its main headquarters known as the Eccles Building.

Vought, during a CNBC interview Friday, likened the building to the Palace of Versailles in France and charged that Powell was guilty of “fiscal mismanagement” at the Fed.

For its part, the central bank has posted a detailed frequently asked questions page on its site, highlighting key details and explaining why some of the specifications were changed or “scaled back or eliminated” at least in part due to higher-than-expected construction costs.

“The project also remediates safety issues by removing hazardous materials such as asbestos and lead and will bring the buildings up to modern code,” the page explains. “While periodic work has been done to keep the buildings occupiable, neither building has seen a comprehensive renovation since they were constructed.”

The Fed is not a taxpayer-funded institution and is therefore not under the OMB’s supervision. It has worked with the National Capital Planning Commission in Washington on the project, but also noted on the FAQ page that it “does not regard any of those changes as warranting further review.”

In separate comments, former Fed Governor Kevin Warsh, speaking Sunday on Fox News, called the renovation costs “outrageous” and said it was more evidence the central bank “has lost its way.” Warsh is considered a strong contender to succeed Powell when the latter’s term as chair expires in May 2026.

This post appeared first on NBC NEWS

President Donald Trump will recognize CEOs and business leaders who donate their time to faith-based charitable works and encourage them to continue investing with the White House Faith Office during a luncheon at the White House on Monday.

The president and the White House Faith Office are expected to host the luncheon, which will include more than 60 CEOs and business leaders, in the State Dining Room.

Founder of Hobby Lobby David Greene, Chairman and CEO of Jockey International, Inc. Debra Waller, Quest Events founder Lee Dunlap, Aethon Energy founder Albert Huddleston, Shoppa’s Material Handling founder Jimmy Shoppa and others are expected to attend.

The president will be joined by Cabinet secretaries for the event, where he is expected to deliver remarks to thank the business leaders and encourage a continued partnership with the White House Faith Office.

White House Faith Office senior advisor Pastor Paula White, Faith Director Jenny Korn, National Economic Council Director Kevin Hassett, Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and Small Business Administrator Kelly Loeffler will attend the event and also deliver remarks.

The luncheon Monday is the first event of its kind, with White House Faith Office officials telling Fox News Digital that they have invited business leaders who work with faith-based charitable organizations ‘in a big way domestically and internationally.’

The president, in his remarks, is expected to explain why the White House Faith Office is so important to his agenda. He will also encourage business leaders to help the Trump administration, specifically on programs concerning foster care and adoption, fatherhood initiatives, poverty alleviation, substance abuse and prisoner reentry.

‘These are purpose-driven individuals who use their wealth for good in the Earth,’ the official said. ‘Faith and Economy come together to Make America Great Again—spiritually and financially.’

‘President Trump is not only making America affordable, prosperous and strong again — he is making our country faith-centered again,’ Paula White, senior advisor to the White House Faith Office, told Fox News Digital. ‘CEOs and business leaders who give back their time and treasure is what America is all about.’

Trump signed an executive order establishing a White House Faith Office in February. 

The office empowers faith-based entities, community organizations and houses of worship ‘to better serve families and communities,’ according to the White House. 

The office is housed under the Domestic Policy Council and consults with experts in the faith community on policy changes to ‘better align with American values.’ 

This post appeared first on FOX NEWS

Democratic lawmakers are lining up with new vigor to demand the release of all files on Jeffrey Epstein as the topic continues to fracture the right.

Some prominent figures within the GOP’s rightmost flank are up in arms after a leaked Department of Justice (DOJ) memo reportedly showed there was little more to Epstein’s case than already known.

Rep. Marc Veasey, D-Texas, announced he would be filing a resolution on Monday to demand the Trump administration release all files related to the late pedophile’s case.

‘Either [President Donald Trump] and his acolytes fueled the rumors of the significance of these Epstein files to help his campaign, or something is there!’ Veasey wrote on X. ‘Put up or Shut up!’

Rep. Ro Khanna, D-Calif., similarly posted on Saturday, ‘Why are the Epstein files still hidden? Who are the rich & powerful being protected? On Tuesday, I’m introducing an amendment to force a vote demanding the FULL Epstein files be released to the public. The Speaker must call a vote & put every Congress member on record.’

Meanwhile, progressive Rep. Alexandria Ocasio-Cortez, D-N.Y., caused a firestorm of controversy online when she referenced past allegations of sexual assault against the president, all of which Trump previously denied.

‘Wow who would have thought that electing a rapist would have complicated the release of the Epstein Files?’ she wrote.

Sen. Jon Ossoff, D-Ga., who is running for re-election in a swing state that voted for Trump in 2024, took a similar swing during a recent campaign stop.

‘He promised to release the Epstein files. Did anyone really think the sexual predator president who used to party with Jeffrey Epstein was going to release the Epstein files?’ Ossoff said. 

A civil war has broken out within the GOP over the Trump administration’s handling of Epstein’s case, with figures like Steve Bannon and Laura Loomer accusing Attorney General Pam Bondi of mishandling something that’s long been seen as a priority for Trump’s base.

Others, however, like attorney Mike Davis and even Trump himself, are defending the attorney general and calling for an end to the Republican infighting.

‘If predators or victims won’t talk, then what? The Trump Justice Department has to deal with evidence that exists. Not evidence they wish they had. Nor conspiracy theories. Do you think Pam, Kash, and Bongino are covering for… Bill Clinton?’ Davis wrote on X.

Trump released a statement on Truth Social over the weekend, ‘LET PAM BONDI DO HER JOB – SHE’S GREAT! The 2020 Election was Rigged and Stolen, and they tried to do the same thing in 2024 – That’s what she is looking into as AG, and much more.’

And Democrats appear to have seized on the public back-and-forth as a political cudgel.

Rep. Jimmy Gomez, D-Calif., shared a heated exchange with the White House on X over the weekend over an Immigrations and Customs Enforcement (ICE) raid on what authorities say was a marijuana farm – but Gomez contended the migrants there were picking strawberries.

‘If you’re now concerned about child exploitation, release the Epstein Files. Your base wants to know,’ Gomez replied at one point.

It was reported Friday that Deputy FBI Director Dan Bongino was considering resigning amid the fallout.

Bondi and FBI Director Kash Patel, however, have signaled they are confident in their work and will remain in place.

‘The conspiracy theories just aren’t true, never have been. It’s an honor to serve the President of the United States [Donald Trump] – and I’ll continue to do so for as long as he calls on me,’ Patel wrote on X.

When reached for comment on Democrats’ latest push, White House spokesman Harrison Fields told Fox News Digital, ‘President Trump has assembled an incredible team of Law and Order patriots who are committed to Making America Safe Again and restoring the integrity of our criminal justice system.’

‘Attorney General Bondi, Director Patel, Deputy Director Bongino, and the countless other heroes of our law enforcement community are dedicated to executing President Trump’s agenda of protecting civil rights, safeguarding communities, holding criminals accountable, and defending victims. This work will continue in lockstep and with unprecedented success,’ Fields said.

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Senate Republicans are planning to take another crack at the budget reconciliation process after narrowly passing President Donald Trump’s ‘big, beautiful bill’ earlier this month.

The $3.3 trillion legislative behemoth, which permanently extended many of the provisions of the president’s 2017 Tax Cuts and Jobs Act and included reforms and work requirements for Medicaid and food assistance programs, and billions in spending for defense and border security, only passed the Senate with the aid of Vice President JD Vance.

Now, lawmakers are eying another shot at the grueling process.

Sen. Ron Johnson, one of the key holdouts that eventually backed the bill, said he gained a fair amount of confidence from the White House, Trump and Senate GOP leadership that Republicans would ‘have a second bite of the apple.’

‘I think I pretty well have a commitment,’ the Wisconsin Republican said. ‘They’re going to do that, and we’re going to set a process, line by line, program by program.’

‘Another reason why I definitely had to vote ‘yes’ is I would have just dealt myself out of being involved in that process, and I want to be highly involved in that for the next process,’ he continued.

And Sen. Rick Scott, R-Fla., another fiscal hawk that was wary of supporting the bill but ultimately voted for it, told Fox News Digital, ‘I think we still have to definitely do one more this year, so we’ll see if that’s what happens.’

Johnson speculated that lawmakers could tackle the process, which allows Republicans to skirt the 60-vote filibuster threshold in the Senate but must comply with stringent Senate rules, in the upcoming fiscal year, which begins in October.  

The senator has an ally in House Speaker Mike Johnson, R-La., who shortly after the ‘big, beautiful bill’ passed out of the House and onto Trump’s desk said, ‘We’re going to do this again.’  

‘We’re gonna have a second reconciliation package in the fall and a third in the spring of next year,’ Johnson said on Fox News’ ‘The Ingraham Angle.’

Rep. Ralph Norman, R-S.C., another fiscal hawk who criticized the Senate’s changes to the initial reconciliation bill but voted for it in the end, said another reconciliation bill was ‘absolutely’ feasible.

He’s gunning for more spending cuts and more ends to ‘government giveaways,’ but noted the looming 2026 election season put them on a short timeline, however.

‘[Trump will] have a better chance now, because you don’t have to deal with the filibuster, where you can get 50% plus one. If there’s ever a chance to do it, we need to do it now, because the midterms are coming up in the middle of next year. So really we need to push for the next eight months,’ Norman said.

Initially, Senate Republicans had pushed for a two-bill track, something that the speaker said would not be feasible in the House because of the varying factions, and red lines, throughout the conference.

But now Senate leadership may be more cautious given the series of hurdles facing the upper chamber in the coming months, including advancing a $9.4 billion clawback package this week which is already facing headwinds among pockets of Senate Republicans.  

A senior GOP aide told Fox News Digital that Senate Majority Leader John Thune, R-S.D., was open to another reconciliation package, but ‘is heavily focused on selling the last bill and highlighting all it does.’

‘At this point it’s premature to even think of what could be in a second one,’ the aide said.

Sen. Markwayne Mullin, R-Okla., told Fox News Digital that ‘we want to do one more reconciliation package,’ and echoed the speaker’s sentiment that more could be done.

First, however, lawmakers have to get through the looming government funding fight with Senate Democrats.

Currently, Senate spending panels are going through mark-ups on the dozen funding bills needed to keep the government’s lights on, but Mullin, who chairs the Legislative Branch Appropriations Subcommittee, believed that another government funding extension was on the horizon.

‘It looks like we’re screaming straight toward a [continuing resolution], and we have to have, we’re going to have to figure out how to avoid a Schumer shutdown, because they’re not going to be helpful in passing it,’ he said.

Getting every Senate Republican, or even a majority, to go forward with reconciliation once more may be a challenge.

Sen. Lisa Murkowski, R-Alaska, was the key vote that advanced the Senate’s first crack at reconciliation back to the House, after hours of floor negotiations and rewritten provisions that would give a boost to Alaska were added to the package.

But she seemed disinterested in taking another crack at the intensive process.

‘No, no,’ Murkowski told Fox News Digital. ‘I want to legislate.’ 

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Former President Joe Biden’s chief of staff issued final approval for multiple high-profile preemptive pardons during Biden’s final days in office, according to a new report. 

Biden’s alleged use of the autopen has become a sticking point for months, as President Donald Trump has said thousands of pardons Biden signed were void and claimed that the former president did not know what documents he was signing through the automated device. 

Biden issued a series of preemptive pardons on his final day to officials, including former chief medical advisor to the president Anthony Fauci and former chairman of the Joint Chiefs of Staff Gen. Mark Milley, in an attempt to safeguard them from retribution from Trump. 

In an article intended to be his defense for the autopen issue, it emerged that, although Biden reportedly made the decision in a meeting, Biden’s chief of staff Jeff Zients is the one who gave final approval for the use of the autopen, at least in the case of Fauci and Milley, the New York Times reported. 

On Biden’s final day as president, Jan. 19, Biden had a meeting with his aides until nearly 10 p.m. to talk about various preemptive pardons, the Times reports. Emails obtained by the Times show that an aide sent a summary draft of the decisions formalized during that meeting to Zient’s assistant at 10:03 p.m. 

The assistant sent the email to Zients and others present in the meeting, requesting approval from Zients and White House deputy chief of staff Bruce Reed at 10:28 p.m., the Times reported. Zients replied all to the email three minutes later, the outlet said. 

‘I approve the use of the autopen for the execution of all of the following pardons,’ Zients said in the email, according to the Times. 

Zients could not be immediately reached for comment by Fox News Digital. 

Additionally, the Times report said Biden did not personally approve each name included in the broad, categorical pardons. 

‘Rather, after extensive discussion of different possible criteria, he signed off on the standards he wanted to be used to determine which convicts would qualify for a reduction in sentence,’ the Times reported. 

When asked about the Times’ report, Trump told reporters at the White House Monday that Biden’s alleged use of the autopen amounted to possibly ‘one of the biggest scandals that we’ve had in 50 to 100 years.’ 

‘I guarantee you he knew nothing about what he was signing, I guarantee you,’ Trump said. 

Additionally, the White House said the report shed light on Biden’s trustworthiness, and accused the Biden administration of engaging in a cover-up. 

‘The same president who lied through his teeth to the American people for four years about everything from his health to the state of the economy should not be trusted again,’ White House spokesperson Harrison Fields said in an email to Fox News. ‘The Biden administration conducted the most egregious cover-up scheme in American politics… The truth will come out about who was, in fact, running the country sooner or later, just as the truth is emerging about the state of Joe Biden’s cognitive and physical health.’ 

Biden granted a total of 4,245 acts of clemency during his administration, 96% of which were granted during his final months in office between October 2024 and January, according to the Pew Research Center.

Trump first accused Biden of using an autopen to sign important clemency documents in March. He has continued to bring up the issue, and sent a memo ordering Attorney General Pam Bondi to launch an investigation into Biden’s autopen use in June, and to probe if the usage stemmed from a decline in Biden’s mental acuity. 

‘In recent months, it has become increasingly apparent that Biden’s aides abused the power of presidential signatures through the use of an autopen to conceal Biden’s cognitive decline and assert Article II authority,’ Trump wrote in the memo. 

‘This conspiracy marks one of the most dangerous and concerning scandals in American history. The American public was purposefully shielded from discovering who wielded the executive power, all while Biden’s signature was deployed across thousands of documents to effect radical policy shifts.’

A White House official previously told Fox News Digital that Trump uses his hand signature for every legally operational or binding document. Even so, Trump has admitted that he uses an autopen for letters. 

An autopen is a machine that physically holds a pen and features programming to imitate a person’s signature. Unlike a stamp or a digitized print of a signature, the autopen has the capability to hold various types of pens like a ballpoint to a permanent marker, according to descriptions of autopen machines available for purchase. 

Fox News’ Andrea Margolis and Pat Ward contributed to this report. 

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An Iranian movement called the ‘Blood Covenant’ is claiming to have crowdfunded more than $40 million as a reward for assassinating President Donald Trump, according to the Middle East Media Research Institute (MEMRI). 

A website for the movement contained a poster of Trump in crosshairs with an appeal to donate ‘in order to ‘help establish stable peace,’’ the nonprofit reported. It added that the poster quotes a verse from the Quran that reads, ‘Strive with your wealth and your lives in the cause of Allah.’ 

‘This is a call to jihad, inviting believers to donate their money and sacrifice their lives,’ MEMRI said. ‘The poster lends religious legitimacy to assassinating Trump.’ 

The apparent threat comes weeks after the U.S. launched devastating airstrikes on Iran’s nuclear facilities. 

‘In Iran in recent days there has been an increase in explicit calls for assassinating Trump, from the Iranian regime’s religious establishment, due allegedly to a threat by Trump to assassinate Iranian Supreme Leader Ali Khamenei – even though Trump said he had actually prevented such a move,’ MEMRI said. ‘These calls are backed by fatwas issued in late June by Iranian grand ayatollahs. The fatwas stated that the punishment for Trump is the same as for a muhareb – that is, an enemy of Allah and Islam – and that is death, and the permitting of his blood.’ 

‘Iranian regime officials, among them Assembly of Expert members who are close to Supreme Leader Ali Khamenei, senior clerics and lecturers at the Howza-e Ilmiyya seminaries, and the regime’s Friday preachers, are explicitly calling for Trump’s assassination,’ MEMRI added. 

‘The fact that these calls to assassinate Trump are coming from above and being echoed in the street and through all strata of society, including in the Iranian media, underlines the depth and uniformity of the regime’s institutional incitement,’ it also said. ‘It reflects a broad religious and regime consensus strengthened by reiterated emphasis of the reward anyone carrying out the punishment against Trump can expect to receive – in addition to the $40.3 million, also Paradise and the status of a defender of Islam.’ 

The Foundation for Defense of Democracies alleged that an Iranian national and former employee for the Islamic Republic of Iran Broadcasting – which it described as ‘the regime’s main propaganda network’ – is behind the creation of the ‘Blood Covenant’ website. 

The State Department did not immediately respond Monday to a request for comment from Fox News Digital. 

A senior State Department official said the Trump administration is aware of the threats against the president, according to the Washington Free Beacon. 

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