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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

This post appeared first on FOX NEWS

Here’s a quick recap of the crypto landscape for Wednesday (June 18) 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$104,043, a decrease of 0.8 percent in the last 24 hours. The day’s range for the cryptocurrency brought a low of US$103,832 and a high of US$105,218.

Bitcoin price performance, June 18, 2025.

Chart via TradingView.

Bitcoin hovered around US$105,000 on Wednesday morning before pulling back to around US$104,000 in the leadup to the US Federal Reserve’s decision to leave interest rates unchanged.

The crypto market has displayed resilience despite mounting geopolitical tensions, which have been tempered in light of the Senate vote to advance the GENIUS Act. Institutional buying, partly fueled by an influx of corporate treasuries, is helping to support demand amid uncertainty.

Key levels to watch are US$102,000 to US$104,000 as support and US$106,000 as resistance.

A breakout above US$112,000 could trigger a liquidation cascade to US$114,000, while a drop below US$100,000 risks deeper downside toward US$98,000.

Ethereum (ETH) is currently priced at US$2,498.86, a 1.4 percent decrease over the past 24 hours. Its lowest valuation on Wednesday was US$2.471.24, and it reached a high of US$2,533.07.

Altcoin price update

  • Solana (SOL) was priced at US$145.22, down 2.7 percent over 24 hours. SOL experienced a low of US$144.08 and reached a high of US$146.55.
  • XRP was trading at US$2.15, a 2 percent decrease in 24 hours. Its lowest valuation on Wednesday was US$2.12, and it reached an intraday peak of US$2.16.
  • Sui (SUI) was trading at US$2.78, showing a decreaseof 3.5 percent over the past 24 hours. Its lowest valuation was US$2.73 as the markets opened, and it reached an intraday high of US$2.80.
  • Cardano (ADA) is priced at US$0.5935, down 4.2 percent in 24 hours. Its lowest valuation on Wednesday was US$0.5908, and its highest valuation was US$0.6052.

Today’s crypto news to know

Senate advances GENIUS Act

In a vote of 68 to 30, the US Senate passed the GENIUS Act, advancing the legislation to the House.

“With this bill, the United States is one step closer to becoming the global leader in crypto,” said Republican Senator Bill Hagerty of Tennessee from the Senate floor before the Tuesday (June 17) vote.

‘Once the GENIUS Act is law, businesses of all sizes, and Americans across the country will be able to settle payments nearly instantaneously rather than waiting for days or sometimes even weeks,’ he added.

Ubyx platform aims to boost stablecoin adoption

Ubyx, a new stablecoin clearing platform designed to boost stablecoin adoption through face value redemptions, has secured US$10 million in seed funding, according to a company announcement made on Tuesday.

The round was led by Galaxy Ventures, and included participation from Coinbase Ventures, Founders Fund, VanEck and Paxos among others. Ubyx intends to launch its platform, which will enable regulated banks and fintech companies to redeem stablecoins directly for fiat currency at par value in the fourth quarter of 2025.

Ubyx’s partners include stablecoin issuer Paxos and blockchain firm Ripple.

Ondo Finance launches alliance for on-chain asset adoption

On Tuesday, Ondo Finance introduced the Global Markets Alliance, a collaborative effort to encourage the adoption of on-chain financial assets. Founding members include eight crypto platforms: Solana Foundation, Bitget Wallet, Jupiter Exchange, Trust Wallet, Rainbow, BitGo, Fireblocks, 1inch and Alpaca, with expectations for additional members to join.

Ondo Finance specializes in real-world asset tokenization and recently launched a layer-1 blockchain designed for institutional on-chain assets. The platform provides tokenized treasury products collateralized by US government debt.

Corporate crypto investments exceed US$880 million in two days

Four publicly traded US companies announced a total of US$844 million in cryptocurrency investments on Tuesday, signaling a growing trend of corporations seeking returns through Bitcoin and other digital assets.

Hong Kong-based DDC Enterprise (NYSEAMERICAN:DDC) secured US$528 million via three securities purchase agreements, funding the company will use to acquire 5,000 Bitcoin over the next three years to fulfill with company’s goal of building the ‘world’s most valuable Bitcoin treasury.”

Major investors included Anson Funds and Animoca Brands’ venture capital arm.

Fold Holdings (NASDAQ:FLD), recognized as the first publicly traded Bitcoin financial services firm, secured a US$250 million equity purchase facility. Net proceeds are primarily intended for further Bitcoin acquisitions.

BitMine Immersion Technologies (NYSEAMERICAN:BMNR), a firm specializing in Bitcoin mining equipment rentals, announced its purchase of US$16.3 million worth of Bitcoin, utilizing funds from a recent stock offering.

Eyenovia (NASDAQ:EYEN) disclosed a US$50 million private placement to establish a reserve for the Hyperliquid (HYPE) token. It intends to acquire over 1 million HYPE tokens to be staked on Anchorage Digital’s crypto platform.

In Europe, Paris’ Blockchain Group (EPA:ALTBG) expanded its Bitcoin reserves with the acquisition of 182 BTC for approximately US$19.6 million. This purchase increases the company’s total Bitcoin holdings to 1,653 BTC and was financed through a series of convertible bond issuances.

Buying continued on Wednesday with the announcement of health services company Prenetics Global’s (NASDAQ:PRE) US$20 million Bitcoin investment. This news coincided with the appointment of former OKEx COO Andy Cheung to Prenetics’ board of directors, and Tracy Hoyos Lopez, chief of staff of strategic initiatives at Kraken, as an advisor to the company’s Bitcoin strategy.

Crypto-finance integration deepens with collateral expansions

In a joint statement on Wednesday, Coinbase Derivatives and Nodal Clear announced they are expanding their partnership to allow Circle’s USDC stablecoin to be used as collateral in US futures markets. This initiative is anticipated to be the first regulated instance of USDC being used as collateral, with Coinbase Custody Trust acting as the custodian.

The goal of this integration is to encourage wider acceptance of stablecoins within regulated derivatives markets. Pending approval from the Commodity Futures Trading Commission, the integration is scheduled to launch in 2026.

Meanwhile, ARK Invest, led by Bitcoin bull Cathie Wood, sold 642,766 shares of USDC issuer Circle (NYSE:CRCL), worth US$96.5 million, over Monday (June 16) and Tuesday.

This occurred as Circle’s stock price declined by almost 12 percent during the same period. This marks ARK’s first divestment of Circle since its explosive NYSE public debut on June 5. Circle’s share price has since recovered, ending the trading day valued at US$199.59, 35 percent above Monday’s opening price of US$147.54.

In other news, Deribit and Crypto.com will now begin accepting BlackRock (NYSE:BLK) tokenized US Treasury fund (BUIDL) as collateral for trading accounts held by institutional and experienced clients. This allows these traders to use a low-volatility, yield-generating asset to back leveraged positions, reducing their margin requirements.

These steps reflect a growing trend toward deeper crypto-finance integration.

New XRP ETFs launch on Toronto Stock Exchange

Three new XRP exchange-traded funds (ETFs) launched on the Toronto Stock Exchange (TSX) on Wednesday, offering Canadian investors direct exposure to the XRP cryptocurrency.

        These new ETFs expand accessibility to digital asset investments for Canadians within a regulated framework.

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

        This post appeared first on investingnews.com

        Allied Critical Minerals (CSE:ACM,FSE:0VJ0) is advancing two strategically important, past-producing tungsten projects—Borralha and Vila Verde—in northern Portugal. These brownfield assets offer a rare blend of near-term production potential and large-scale exploration upside, positioning ACM to emerge as the leading tungsten producer outside China. With 100 percent ownership of both projects and strong local support, the company is well-positioned to help secure a reliable supply of this critical metal for Western markets.

        To capitalize on strong market conditions, ACM raised $4.6 million to advance a high-impact growth plan. This includes drilling at Borralha to expand its NI 43-101 resource and building a pilot plant at Vila Verde, set to begin in Q4 2025. The plant will process tailings and alluvial material, targeting ~250 tonnes of WO₃ annually and generating $4–5 million in revenue, supporting near-term cash flow with minimal dilution.

        Borralha is ACM’s flagship development-stage project, located 100 km northeast of Porto. A historic producer of over 10,280 tonnes of high-grade wolframite concentrate (66 percent WO₃) until 1986, the brownfield asset is now advancing under a Mining Rights Concession and a newly updated NI 43-101 resource (effective July 31, 2024).

        Company Highlights

        • Strategic Focus on Critical Metals: Allied Critical Minerals is developing two tungsten projects – Borralha and Vila Verde – in mining-friendly northern Portugal, targeting near-term production and long-term scale.
        • Advanced Brownfield Assets: Both projects are historic producers with significant infrastructure, community support and technical momentum. Borralha produced tungsten from 1904 to 1986, and holds a newly updated NI 43-101 compliant resource.
        • Pilot Plant Launch in 2026: A pilot plant at Vila Verde is slated for construction in Q4 2025 with 150,000 tpa throughput capacity, expandable to 300,000 tpa. Target output of ~250 tons WO₃ annually is expected to generate $4 million to $5 million in revenue, funded through non-dilutive financing.
        • Offtake and Government Support: Allied has signed an LOI with Global Tungsten & Powders and is in discussions with additional refineries. Expressions of interest from US and EU defense-linked buyers are ongoing.
        • High Impact Drill Campaign: A fully funded 5,000 meter drill program is currently underway at Borralha, with assays expected to expand resources and define the high-grade Santa Helena Breccia zone.
        • Differentiated from Peers: Allied is one of only a few public companies in the Western world with near-term tungsten production potential, outpacing peers such as American Tungsten and Fireweed, in both timeline and resource readiness.

        This Allied Critical Metals profile is part of a paid investor education campaign.*

        Click here to connect with Allied Critical Metals (CSE:ACM) to receive an Investor Presentation

        This post appeared first on investingnews.com

        E-Power Resources Inc (CSE: EPR) (FSE: 8RO) (‘E-Power’ or the ‘Company’) announces that it has closed the hard dollar private placement (the ‘Hard Dollar Private Placement’) and flow-through private placement (the ‘Flow-Through Private Placement’) previously announced on June 11, 2025.

        An aggregate of 1,840,000 units (the ‘Units‘) of the Company were issued in the Hard Dollar Private Placement at a price of $0.05 per Unit for gross proceeds of $92,000, each Unit being comprised of one common share in the capital of the Company (each a ‘Common Share‘) and one common share purchase warrant (each a ‘Warrant‘), each Warrant entitling its holder thereof to acquire one additional common share (each a ‘Warrant Share‘) at a price of $0.10 per Warrant Share for a period of 60 months from the closing date of the private placement (the ‘Hard Dollar Private Placement‘).

        An aggregate of 3,400,000 units of the Company were issued in the Flow-Through Private Placement at a price of $0.05 per flow-through Unit (a ‘Flow-Through Unit‘) for gross proceeds of $170,000, each Flow-Through Unit being comprised of one common share in the capital of the Company and one-half common share purchase warrant (a ‘Flow-Through Warrant‘), each Flow-Through Warrant entitling its holder thereof to acquire one additional common share at a price of $0.10 per Flow-Through Warrant for a period of 60 months from the closing date of the Flow-Through Private Placement.

        Net proceeds from the Flow-Through Private Placement will be used by the Company to work on the Tetepisca Graphite Property. Net proceeds from the Hard Dollar Private Placement will be used for general working capital purposes.

        No insiders of the Company participated in the Hard Dollar Private Placement and Flow-Through Private Placement.

        Finder’s fees of $12,000 and 240,000 broker warrants were paid to PB Markets Inc. Each broker warrant entitles its holder thereof to acquire one additional Common Share at a price of $0.05, for a period of 60 months from the closing date of the Hard Dollar Private Placement and Flow-Through Private Placement.

        The securities offered pursuant to the Offering have not been, and will not be, registered under the U.S. 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 any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. The securities offered pursuant to the Offering are subject to certain trade restrictions pursuant to applicable securities laws.

        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.sedar.com) 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/256242

        News Provided by Newsfile via QuoteMedia

        This post appeared first on investingnews.com

        Trading resumes in:

        Company: Cygnus Metals Limited

        TSX-Venture Symbol: CYG

        All Issues: Yes

        Resumption (ET): 8:15 AM

        CIRO can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada .

        SOURCE Canadian Investment Regulatory Organization (CIRO) – Halts/Resumptions

        News Provided by PR Newswire via QuoteMedia

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

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

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

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

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

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

        Clean Element’s Chairman, Ofer Amir, stated:

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

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

        Details of the Placement

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

        The Placement is expected to settle in two tranches:

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

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

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

        About Hombre Muerto West

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

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

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

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

        The Galan Board has authorised this release.

        For further information contact:

        COMPANY

        MEDIA

        Juan Pablo (‘JP’) Vargas

        de la Vega

        Matt Worner

        Managing Director

        VECTOR Advisors

        jp@galanlithium.com.au

        mworner@vectoradvisors.au

        + 61 8 9214 2150

        +61 429 522 924

        About Galan

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

        About Clean Elements

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

        Contact:

        Ofer Amir
        ofer@thecleanelements.com
        +97254492777

        View original content: https://www.prnewswire.com/news-releases/galan-lithium-limited-a20-million-placement-to-strategic-partner-302486923.html

        SOURCE Galan Lithium Limited

        News Provided by PR Newswire via QuoteMedia

        This post appeared first on investingnews.com

        Apple has plans to make a folding iPhone starting next year, reliable analyst Ming-Chi Kuo said on Wednesday.

        Kuo said Apple’s folding phone could have a display made by Samsung Display, which is planning to produce as many as eight million foldable panels for the device next year. However, other components haven’t been finalized, including the device’s hinge, Kuo wrote. He expects it to have “premium pricing.”

        Kuo is an analyst for TF International Securities, and focuses on the Asian electronics supply chain and often discusses Apple products before they’re launched.

        He wrote in a post on social media site X that Apple’s plans for the foldable iPhone aren’t locked in yet and are subject to change. Apple did not respond to CNBC’s request for comment.

        Apple’s iPhone makes up over half of Apple’s business and remains an incredibly profitable product, accounting for $201 billion in sales in the company’s fiscal 2024. But iPhone revenue peaked in 2022, and Apple is constantly looking for ways to attract new customers and convince its current customers to upgrade to more expensive devices.

        Several of Apple’s rivals, including Huawei and Samsung, have been releasing folding smartphones since 2019.

        The devices promise the screen size of a tablet in a format that can be stored in pants pockets. But folding phones still have hardware issues, including creases in the display where it is folded.

        Folding phones also have yet to prove they drive significant demand after the novelty wears off.

        Research firm TrendForce said last year that only 1.5% of all smartphones sold can fold. Counterpoint, another research firm tracking smartphone sales, said earlier this year that the folding market only grew about 3% in 2024 and is expected to shrink in 2025.

        This post appeared first on NBC NEWS

        A judge slapped two men who pleaded guilty in connection with a voting fraud scheme with tougher prison sentences than the government had even requested.

        ‘In the court’s view, there are very few crimes in our federal code which are more serious than what you have committed,’ Judge Harvey Bartle III scolded former Millbourne Borough Council vice president Md Nurul Hasan, according to Votebeat. ‘What you have done is undermine our democratic process.’

        Hasan pleaded guilty to charges after engaging in an election fraud scheme while he was running for mayor in 2021, but the plot to subvert the will of voters did not even work — Hasan still lost the mayoral race.

        ‘The defendants’ efforts to steal the election for defendant MD NURUL HASAN were ultimately unsuccessful, as defendant HASAN still lost the general election by a vote of approximately 165 to 138,’ the indictment declares.

        According to a U.S. Attorney’s Office, Eastern District of Pennsylvania press release, ‘Hasan … pleaded guilty in April to all 33 charges against him — one count of conspiracy, 16 counts of giving false information in registering to vote, and 16 counts of fraudulent voter registration. He was sentenced to 36 months in prison, one year of supervised release, and a $3,300 special assessment.’

        That prison time exceeds the government’s request for 18 to 24 months of imprisonment.

        Hasan resigned from the council earlier this year after he entered his plea, according to the Delaware County Daily Times.

        Former council member MD Rafikul Islam, who ‘pleaded guilty in April to all seven charges against him — one count of conspiracy, three counts of giving false information in registering to vote, and three counts of fraudulent voter registration,’ has been ‘sentenced to 12 months and one day in prison, one year of supervised release, $1,000 fine, and a $700 special assessment.’

        That prison time exceeds the government’s request for zero to six months of imprisonment.

        The federal judge with the U.S. District Court for the Eastern District of Pennsylvania was nominated by President George H.W. Bush in 1991, according to the Federal Judicial Center.

        Md Munsur Ali — who is currently listed online as a member of the Millbourne Borough council — has also pleaded guilty in the case.

        He is slated to be sentenced next week, according to the press release.

        ‘Ali, a member of the Millbourne Borough Council, pleaded guilty in April to all 25 charges against him — one count of conspiracy, 12 counts of giving false information in registering to vote, and 12 counts of fraudulent voter registration. He is scheduled to be sentenced on June 26,’ the release notes.

        This post appeared first on FOX NEWS