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Former Democratic Attorney General Eric Holder, who served during former President Barack Obama’s tenure, played a key role in vouching for Minnesota Gov. Tim Walz as the Democratic Party’s 2024 pick for vice president before a massive fraud scandal rocked the Gopher State. 

‘There’s nothing that of any substance that was missed by our vetting team,’ Holder told CNN in an October 2024 interview as the federal election came down to its final days. 

Walz is in the midst of facing a sweeping fraud scandal involving alleged money laundering operations related to alleged fraudulent meal and housing programs, daycare centers and Medicaid services that prosecutors say could total as much as $9 billion, Fox News Digital has reported. Dozens of individuals have been charged amid the investigations, most of whom are from the state’s Somali community. 

The scandal led to Walz dropping his re-election bid to serve a third term as Minnesota governor. 

Walz has said he is ‘accountable for’ the scandal as the state’s top elected official, but has accused Republicans and the Trump administration of sensationalizing multibillion-dollar figures of alleged fraud. 

Walz bucked calls to step down as governor, declaring during a press conference Tuesday: ‘Over my dead body will that happen.’

More than a year ago, Walz’s run on the 2024 Democratic ticket catapulted his national name recognition after serving in politics for decades, including in the U.S. Congress from 2007 until 2019, before his election as governor. Ahead of his name being floated as a potential vice presidential contender, Walz was a relatively unknown name to everyday Americans. 

Then-Vice President Kamala Harris tapped Obama’s former attorney general to lead the vetting process of her potential running mates during the 2024 cycle. 

Holder is a longtime Obama ally and was one of the officials tasked with vetting Obama’s potential running mates back in the 2008 election cycle before landing on then-Delaware Sen. Joe Biden. 

Holder told the media in 2004 that Walz was not at the top of his list when vetting 11 candidates for Harris’ running mate, but that he moved up the list of names as Holder reviewed his ‘very impressive’ and ‘significant’ work in Minnesota, including signing a law in 2023 for universal free breakfast and lunch for all K-12 students in the state, KSTP reported in November 2024 ahead of the election. 

‘As part of the process, the vetting process, I looked at almost every YouTube he’s ever been on,’ Holder told KSTP of Walz. ‘Everything we could ever find about his media interactions and he’s a genuine nice guy. He’s got that Minnesota Nice thing.’

‘There was a chemistry that I saw, I actually saw that happen with Kamala Harris and with Tim Walz,’ Holder added at the time. ‘So it was a combination, I think, of accomplishments and chemistry that propelled him to the number two spot on the ticket.’

A source with knowledge of Walz’s vetting process told Fox News Digital that the fraud investigation was included in the vetting process, as details had already emerged during the governor’s 2022 re-election race. 

‘Governor Walz’s Department of Education had been in contact with the FBI regarding investigations into organizations diverting funds from child nutrition programs,’ the source explained. ‘This issue was not a factor in the 2024 presidential campaign, nor did Kamala Harris’s vice presidential choice ultimately prove to be a negative factor in the race.’ 

Walz’s emergence as the vice presidential pick quickly drew scrutiny over a string of past controversies, including allegations he exaggerated his military service, repeated misstatements about his presence during China’s Tiananmen Square massacre and questions about his handling of Minnesota’s 2020 riots — issues Republicans seized on as Democrats rushed to elevate him on the national stage. 

The 2024 election cycle was unprecedented for a multitude of reasons, most notably when then-President Biden dropped out of the race on July 21, 2024, amid mounting concerns over his health and a pair of assassination attempts on then-former President Donald Trump’s life. 

Holder joined CNN in October 2024 and defended the vetting process of Walz, calling him an ‘authentic guy, a person with a great record as the governor of Minnesota and who I think will be a superb vice president.’

‘He has resonated with the American people,’ Holder told CNN’s Wolf Blitzer at the time. ‘He has generated enthusiasm for the ticket. And I think that the slight exaggerations, misspeaking that he has done, and, again, for which he has, you know, taken responsibility, is not something that’s going to ultimately hurt him,’ he said of Walz’s past misstatements. 

Holder was pressed if he and ‘your team of lawyers (missed) important information about him during the vetting process,’ considering the previous misstatements. Walz, for example, claimed in 2018 he had carried ‘weapons in war,’ but had not been deployed to an active combat zone across his 24 years in the Army National Guard. 

‘No, I don’t think we did,’ Holder responded about whether his team missed anything on Walz’s record. ‘I mean, I don’t think that we were surprised by any of the things that he has said. And as what he has indicated is that sometimes he misspoke, but he is — unlike Donald Trump, who lies like all the time. Tim Walz has made some misstatements that he has said, you know, I was wrong in saying that, apologized for making the misstatements.’

Walz has been directly implicated in the Minnesota fraud schemes, though the Trump administration has pinned some of the blame on the governor. 

‘I think Tim Walz should resign,’ Vice President JD Vance told the media Thursday during a White House press briefing. ‘Because it’s very clear either that he knew about the fraud in Minneapolis, he knew about the welfare fraud, or at the very least, he looked the other way. I mean, this is not this is not like Lex Luther, right? This is not movie villain fraud. This is the lowest IQ possible fraud.’

Amid the fraud investigations, federal law enforcement converged on Minneapolis in January. A fatal shooting broke out in a residential area Jan. 7 when a woman allegedly attempted to use her car as a weapon against immigration officers in what the Department of Homeland Security called an ‘act of domestic terrorism.’ The woman was shot and killed, sparking fierce condemnation from Democrats and Trump critics, including some lawmakers referring to the incident as a ‘murder.’ 

Fox News Digital also reached out to Walz’s office and Obama’s office regarding the 2024 vetting process considering the fraud investigations, but did not immediately receive replies. 

Fox News Digital’s Andrew Mark Miller contributed to this report. 

This post appeared first on FOX NEWS

Tense scenes played out in the House of Representatives on Tuesday night as a group of moderate Republicans took a stand against a trio of GOP-led labor rule bills.

One of those bills failed to pass, while the other two were quickly scuttled to avoid the same fate — an embarrassing blow to House Republican leadership and the majority of GOP lawmakers who supported them.

It’s an example of a situation that has been growing increasingly common in Congress’ lower chamber as Republicans wrestle with a party-line majority of anywhere between three and one vote, depending on attendance that day.

‘We’ve got simple bills like this that should be a no-brainer, and we’ve got several moderate Rs that are going to kill the bill,’ Rep. Greg Steube, R-Fla., told Fox News Digital on the sidelines just before the first bill failed. ‘What I foresee, and you’re seeing it in appropriations bills, they don’t care about guys like me … they’re just working with the Democrats to pass them.’

Several Republicans who spoke with Fox News Digital this week said there’s growing concern about Democrats growing their number of legislative victories despite Republicans holding the gavel — or potentially using their numbers to take over the agenda.

As Rep. Tim Burchett, R-Tenn., put to reporters last week, ‘We are one flu season away from losing the majority.’

Steube said he did not believe Democrats could actually take the speaker’s gavel but conceded the situation was tenuous. He pointed to the recent sudden death of Rep. Doug LaMalfa, R-Calif., as an example.

‘You’re a heart attack and a car accident away from the majority. There’s people in our conference that are not young people. I mean, you saw what just happened with LaMalfa. In my opinion, he was young, 65. We have people who are much older in the conference,’ he said Tuesday night.

‘Now, Democrats couldn’t take over the gavel, but like, what you’re seeing here, you’ve got attendance issues, you’ve got seven Republicans voting with the Democrats. You lose more than two, you’re toast.’

Despite that, however, Speaker Mike Johnson, R-La., denied there was a fight for the agenda on Tuesday night.

‘We’re totally in control of the House,’ he told reporters. 

He added, however, that leaders were watching attendance closely.

‘They’d better be here,’ Johnson said of his members. ‘I told everybody, and not in jest, I said, no adventure sports, no risk-taking, take your vitamins. Stay healthy and be here.’

It comes after several recent incidents that have put their tenuous grasp on the House in perspective for Republicans.

Former Rep. Marjorie Taylor Greene, R-Ga., abruptly resigned earlier this year after publicly falling out with President Donald Trump. Rep. Jim Baird, R-Ind., returned on Tuesday badly bruised from a car accident that he spent the week prior recovering from.

And just this week, Rep. Greg Murphy, R-N.C., said he is home recovering from major brain surgery. Rep. Derrick Van Orden, R-Wis., is in his district caring for his ill wife.

Beyond conversations about their own mortality, it’s also spurred discussion among some Republicans about what unexpected life events could do to their majority.

‘The margins are really, really close. A few of us were in a car the other day, driving … if that became an accident, that would have tipped the scale. So I think it’s a concern to be vigilant, prudent, and just understand that the consequences of an accident may have, you know, consequences outside of the norm,’ Rep. Ryan Zinke, R-Mont., told Fox News Digital.

He also warned his fellow Republicans, as a former Navy SEAL, to be mindful of unsafe situations.

‘Say some evil mind wants to change the majority in the House — we don’t have the same protection that the president does. And that’s why I say just remain vigilant,’ Zinke said. ‘I have faith that we’ll continue, but I think it should be a concern, because it’s a big deal to change power outside of a normal election cycle.’

One House Republican speaking to Fox News Digital anonymously pointed out that there appeared to be more Democrats than Republicans voting on a slate of bills — albeit, relatively uncontroversial ones — on Monday night.

‘I’d guess they’re terrified,’ the lawmaker said of GOP leaders on Tuesday. ‘Sometimes life happens — look at Derrick Van Orden … car accidents, COVID, or flu. I mean, I don’t think we had the majority last night.’

‘They’re going to have to get smart about the calendar, probably break some arms,’ that GOP lawmaker said. ‘It’s kind of unprecedented. I don’t know how it would work. Say, unfortunately, someone else passed. You can’t fix that. You may have to wait a few months. You might have to strip committees. There’s a whole lot of uncharted waters to deal with.’

There are also more than a dozen GOP lawmakers running for higher office — something that could also spur absences, as South Carolina gubernatorial candidate Rep. Nancy Mace, R-S.C., pointed out.

She dismissed fears of Democrats taking over the agenda, however.

‘Certainly there’s concern with the slim majority. There are many of us that are running for higher office as well, and as the debate season gets underway, there’s going to be members that miss votes to make debates and to be campaigning,’ Mace said.

Rep. Andy Ogles, R-Tenn., told Fox News Digital he was not worried about Democrats taking over the floor but conceded there was tension over the slim margins for Republicans.

‘I know they’re carefully watching attendance,’ Ogles said. ‘I think the joke is that no two members should travel together at this point.’

But not all House Republicans are agonizing over how the politics of the situation are playing out.

One moderate GOP lawmaker who spoke with Fox News Digital anonymously said the thin majority could save Republicans in the middle from taking politically perilous votes.

‘It gives folks in the center a little more juice on preventing bills from coming to the floor,’ they said.

An example they used is Thursday morning’s expected vote on a bill dealing with the joint-employer labor rule, telling Fox News Digital, ‘There’s an active effort among pro-labor Republicans to block that from coming to the floor, and we can only really get that done in our majority.’

This post appeared first on FOX NEWS

As global regulatory scrutiny intensifies and blockchain surveillance expands, privacy coins are gaining traction for their ability to enhance user anonymity and transaction confidentiality.

While traditional cryptocurrencies like Bitcoin operate on transparent, public ledgers where users’ transaction history is traceable, privacy coins, a specialized segment of the crypto market, use advanced cryptographic techniques to obscure key details such as sender and recipient addresses, transaction amounts and wallet balances.

In the first weeks of 2026, this sector has made a mainstream shift, with the total market capitalization for privacy-focused assets surpassing US$24 billion, according to a widely circulated report by crypto researcher Stacy Muur.

This rapid appreciation highlights a growing tension between the fundamental right to financial privacy and the burgeoning regulatory mandates represented by the US Senate’s upcoming market structure markups.

What are the core technologies of anonymity?

Privacy coins employ various cryptographic obfuscation layers to achieve their goals:

  • Ring signatures mix a user’s transaction with multiple decoys, making it statistically difficult to determine which participant actually initiated the transfer.
  • Stealth addresses are randomized, one-time destination addresses generated for every transaction, preventing public wallet addresses from appearing on the blockchain and linking back to the recipient.
  • Zero-knowledge proofs allow one party to prove a statement is true without revealing any information beyond the validity of the statement itself, effectively proving a transaction is valid without showing who sent it or how much was transferred.
  • Ring Confidential Transactions (RingCTs) obscure the transaction amount by using a mathematical scheme called Pedersen Commitments to prove that the sum of the inputs in a transaction equals the sum of the outputs without revealing the specific numerical values of the transaction.
  • Dandelion++ (network-level obfuscation) protects metadata, preventing an observer from linking a transaction to a specific IP address. It uses a two phase broadcast method, passing transactions privately between a small number of nodes before broadcasting them to the wider network.

Key privacy coin players: Monero and Zcash

The privacy coin market is largely bifurcated into mandatory and optional privacy models.

Monero (XMR), launched in April 2014, is widely considered the gold standard for privacy because it enforces anonymity by default. Every transaction automatically obscures the sender, recipient and amount using ring signatures, stealth addresses and RingCTs. This uniform approach minimizes metadata leakage, but has made Monero a target for regulators, leading to its delisting from many major Western-regulated exchanges.

Monero reached a new all-time high in early 2026, surging 81 percent in the past week to trade at US$790.91. Its market capitalization currently stands at over US$14 billion.

Zcash (ZEC) offers a more flexible, opt-in privacy model, allowing users to choose between transparent transactions that are publicly viewable and shielded transactions, which are completely private.

Going live in October 2016, Zcash is built on the Bitcoin algorithm, but utilizes zk-SNARKs for its shielded pools, creating a type of zero-knowledge proof that functions as a cryptographic shield, allowing one party to prove they possess certain information without actually revealing that information.

This flexibility has made it more institutionally palatable as regulatory heat intensifies on Monero, since it allows for selective disclosure to auditors while still offering high-level privacy for those who need it. In a January 14 notice, the Zcash Foundation said the US Securities and Exchange Commission had concluded a review that began in 2023 over a “matter of certain crypto asset offerings” and would not recommend enforcement actions or changes.

Zcash experienced a supply shock following the removal of the Founder’s Tax in late 2025. The tax was a funding mechanism built into the Zcash protocol at its launch that sent 20 percent of all newly mined Zcash to the project’s founders, investors and the Electric Coin Company instead of the miners.

Zcash hit a multi-year high in the US$600+ range in November 2025, a gain of over 1,000 percent from its cycle lows; however, since that peak, Zcash has cooled off, consolidating in a range between US$400 and US$450.

Crypto regulatory and tax realities in 2026

As of early 2026, the US Internal Revenue Service (IRS) had modernized its oversight of the crypto sector through Form 1099-DA, which requires custodial brokers to report digital asset proceeds.

While these rules apply broadly to property like cryptocurrencies, privacy coins present a unique challenge for compliance. The IRS continues to treat all cryptocurrencies as property, meaning that even if a transaction is obscured, the underlying capital gain or ordinary income remains taxable. While the IRS focuses on tax transparency, a new legislative push is seeking to grant the government proactive control over the network itself.

Senator Tim Scott (R-SC), chair of the Senate Banking Committee, announced a markup of the Responsible Financial Innovation Act, the Senate version of crypto market structure legislation, on Monday (January 12).

Formally called the Digital Asset Market CLARITY Act, the bill was developed from the Responsible Financial Innovation Act, and is scheduled for a markup on January 15.

Meanwhile, Senator John Boozman (R-AR) is planning a similar markup in the Senate Agriculture Committee. While often a routine step, this session is a high-stakes attempt to resolve jurisdictional disputes between the SEC and CFTC and secure a bipartisan consensus between the two parties.

On January 12, Boozman officially postponed his committee’s markup to January 27 in order to finalize bipartisan negotiations with Senator Cory Booker (D-NJ). Text is due to be released on January 21.

Boozman said the compressed schedule is designed to balance transparency with momentum as Congress looks to reduce regulatory uncertainty that has long plagued the sector.

In a recent report, Alex Thorn, head of firm-wide research at crypto and digital assets firm Galaxy Digital (NASDAQ:GLXY), warns that the draft of Scott’s bill contains language that would expand US financial surveillance powers by granting the US Department of the Treasury an expansion of “special measure” authority over digital assets and a statutory framework, allowing transaction holds without a court order.

If the measures were to become law, it would “represent the single largest expansion to financial surveillance authorities since the 2021 PATRIOT Act,” he argued. This could boost the appeal of privacy-preserving tokens.

Investor takeaway

Ultimately, the future of privacy coins will be determined by the ongoing legislative battle between fundamental financial anonymity and the accelerating global mandate for digital asset transparency and surveillance.

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

This post appeared first on investingnews.com

Global sustainability strategies are entering a more politically complex phase in 2026 as governments and companies balance immediate economic pressures against long-term climate risks, according to S&P Global’s latest outlook on sustainability trends.

S&P Global said sustainability decision-making in 2026 will be shaped by a growing tension between near-term priorities (energy security, affordability, geopolitical risk) and longer-term realities (climate adaptation, decarbonization, resource constraints).

The result is a world moving away from multilateral coordination toward a patchwork of national and regional responses.

Regulatory fatigue reshapes supply chains, critical minerals take center stage

Trade tensions, protectionist policies, and political fatigue around sustainability regulation are pushing climate and human rights risks in supply chains out of the spotlight.

S&P Global notes that as regulatory momentum slows in some jurisdictions, companies may increasingly need to treat climate exposure as a core risk management issue rather than a compliance exercise.

The European Union (EU) remains a key exception, though its policy direction is evolving. While the bloc has introduced far-reaching disclosure and due diligence rules, it is also simplifying parts of its regulatory framework.

Meanwhile, the EU’s carbon border adjustment mechanism (CBAM), which took full effect on January 1, is expected to add at least US$15 billion in costs to imports from carbon-intensive producers, potentially reshaping global trade flows.

Furthermore, the firm said critical minerals will sit at the center of these dynamics in 2026.

Materials such as copper, lithium, and rare earths underpin electrification, clean energy deployment, and AI infrastructure, making access to them a central feature of trade diplomacy and investment.

China is expected to retain its lead in cleantech manufacturing, reinforcing its role as both a key supplier and a strategic risk for countries pursuing energy transitions.

Energy policy diverges as fossil fuels rebound, renewables expand

Another aspect of fragmentation is most visible in energy policy, where global fossil fuel demand rebounded faster than many policymakers expected after the pandemic and is projected to continue growing modestly.

In contrast, renewable energy remains the fastest-growing segment, though from a smaller base. S&P Global Energy estimates that fossil fuel demand will rise by less than 1 percent in 2026 compared with 2025, while solar and wind generation are expected to grow by more than 17 percent.

Similarly, the divergence between the world’s two largest economies is particularly stark. The US has prioritized expanding fossil fuel exports, while China continues to invest heavily across clean energy supply chains such as solar manufacturing and electric vehicles.

The report said that this same divergence leaves many countries navigating trade-offs between supply security and dependence. China continues to maintain a dominant position in clean energy technologies and has demonstrated its willingness to use export controls on strategic materials such as rare earths.

Despite continued growth in renewables, S&P Global expects 2026 to mark the first year-over-year decline in global solar capacity additions, driven largely by a slowdown in China. While overall renewable capacity will still expand, analysts said the period of uninterrupted growth is ending.

At the same time, increasing renewable penetration is pushing wholesale power prices lower in some markets while accelerating demand for battery storage and more flexible power purchase agreements.

AI adds new strain to power systems

Artificial intelligence is adding further strain to energy systems. The rapid expansion of AI-driven data centers is driving electricity demand sharply higher, complicating sustainability targets for both governments and corporations.

S&P Global estimates that data center power consumption could exceed 2,200 terawatt-hours by 2030, roughly equivalent to India’s current electricity use. Grid constraints, rising power prices in some regions, and growing water stress are emerging as political and social flashpoints, particularly in parts of the US.

While major technology companies have made high-profile net-zero commitments, the report’s data shows that sustainability ambition across the data center sector remains uneven.

According to the firm’s 2024 Corporate Sustainability Assessment, 38 percent of assessed companies with data center operations do not have a net-zero target.

Analysts warned that rising AI-related energy demand may lead to increased fossil fuel use in the near term, with some regions delaying planned coal and gas plant retirements to maintain grid reliability.

Climate adaptation gains priority

The implications of rapid energy shifts also mean that climate adaptation and resilience are gaining prominence.

S&P Global said governments and investors increasingly recognize that the world is likely to overshoot the Paris Agreement’s 1.5-degree Celsius warming goal, making adaptation unavoidable.

Global economic losses from natural disasters reached US$320 billion in 2024, according to Munich Re, while United Nations (UN) data suggests the number of natural disasters could rise by 40 percent by 2030 without stronger mitigation.

Therefore, investment in adaptation is emerging as a major opportunity as well as a necessity. Singapore sovereign wealth fund GIC, for instance, estimates that adaptation and resilience investments could total US$9 trillion by 2050. That theme featured prominently at Climate Week NYC in 2025 and at COP30, where governments agreed to triple public adaptation finance by 2035 from 2025 levels.

Taken altogether, S&P Global’s outlook points to a sustainability landscape that is less coordinated but no less consequential.

While global consensus is weakening, pressures from various sectors are forcing governments and companies to make increasingly difficult trade-offs as they chart their paths through 2026.

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

This post appeared first on investingnews.com

Combined Company, ‘Copper Intelligence’ to become the first stand-alone Democratic Republic of Congo (DRC) company to be publicly traded in the United States.

African Discovery Group (OTC:AFDG) (‘AFDG’ or the ‘Company’) announced today that shareholders have approved the Company’s pending merger with Butembo Copper Exploration license in the DRC to acquire 100% of the shares of SOCIETE GRABIN MINING SAS (the ‘Transaction’). Subject to the completion of the closing, the stock-based transaction will create a dedicated copper exploration company, with a focus on creating value around Africa and DRC specifically focused on under-explored basins of copper.

‘We are proud to have delivered this compelling opportunity for shareholders, and are confident in our ability as a combined company, to participate in a substantial buildout of copper on a global scale,’ said Alan Kessler, the outgoing Chairman and CEO of African Discovery Group. ‘According to Rio Tinto, African deposits make up eight out of the ten highest grade copper deposits discovered since 1990 globally. DRC’s copper production itself is among the largest in the world, with the DRC itself concentrating 65% of newly announced copper reserves identified worldwide, according to S&P Global Market Intelligence. Because of the resolution of numerous geopolitical differences precluding this development previously in the DRC, the Trump administration has paved the way for this commercialization process.’

He added, ‘We are confident the copper demand environment between grid modernization, data usage, electronic vehicles, and telecommunications, rural electrification of India, Artificial Intelligence infrastructure, next generation defense systems to name a few, will continue to put broad demand-based pressure on global supply.  A favorable environment for the commodity has additionally been augmented by the strategic mineral designation of Copper by the US government, as well as recent mega mergers of Copper producers.  Under the leadership of Andrew Groves and Aldo Cesano, who have spent their careers developing mining projects in the DRC and the region, we look forward to their buildout of this pioneering African company.’

The transaction is expected to close imminently, subject to the satisfaction or waiver of customary closing conditions. When completed, the Merger will result in the combined company becoming the first stand-alone DRC company to be publicly traded in the United States.

EAS Advisors LLC have acted as the corporate advisor for the Company on the Transaction.

Click here to continue reading.

Media Contact:
www.copperintelligence.com
Maxine Gordon
mg@africandiscoverygroup.com
(917) 478-0406

 

View original content:https://www.prnewswire.com/news-releases/african-discovery-group-announces-shareholder-approval-of-butembo-merger-agreement-302662498.html

SOURCE African Discovery Group

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(TheNewswire)

GRANDE PRAIRIE, ALBERTA TheNewswire – (January 15, 2026): Angkor Resources Corp. (TSXV: ANK,OTC:ANKOF) (‘ANGKOR’ OR ‘THE COMPANY’) announces additional exploration to begin on its latest gold target, CZ Gold on the west side of the Canada Wall prospect on the Andong Meas exploration license in Ratanakiri Province, Cambodia.

The CZ Gold Prospect announced previously – (see Angkor Resources IDENTIFIES GOLD PROSPECT ON ANDONG MEAS LICENSE, CAMBODIA – Angkor Resources Corp.), sits atop a steep hill that has a 47-metre underground incline from the exit to the entrance, with multiple shallow channel samples from underground workings of artisanal miners. The creek directly below the area, described on the map below as ‘Gold Placer-Mined Creek Draining CZ Zone’, has been mined over the past rainy season and panned for 150 metres along both sides of the stream, creating a landscape of pits and piles in the creek bed draining away from CZ Gold.


Click Image To View Full Size

Figure 1 Angkor staff survey the creek bed area after artisanal miners through rainy season in the zone at the base of CZ Gold Prospect

Angkor’s mineral exploration team is initiating a large trenching, sampling, assay and analysis program running roughly perpendicular across the projected incline to surface, starting at the top of the exit area. The trench is expected to be 80 metres long and several weeks are budgeted in the timeline. Farmers are compensated for any loss or damage of cashew trees or other plantings and use of surface land.

The purpose of the trenching will be to determine the geology and structure of the stockwork and its wall rocks.

The google map below indicates the planned trenching target area shown in orange.

Click Image To View Full Size

In addition to the exploration planned for the CZ Zone, plans are also underway to conduct a drill program on the Wild Boar gold prospect, an area located 3 kilometers east of the CZ target. Trenching and sampling at the Wild Boar area has led to the discovery of narrow northwest trending southwest dipping quartz veins. In the area where artisanal miners have in the past mined the upper 1.5 meters of soil, trenching has revealed an abundance of quartz vein float sitting on top of the weathered soil. The assays from the abundant quartz vein float (see Assays Returns 25.6 gpt Gold in Wild Boar Veins – Angkor Resources Corp) have expanded the gold anomaly to 1.5 by 1.2 kilometres.

QUALIFIED PERSON:

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

ABOUT Angkor Resources CORPORATION:

Angkor Resources Corp. is a public company, listed on the TSX-Venture Exchange, and is a leading resource optimizer in Cambodia working towards mineral and energy solutions across Canada and Cambodia.

The company’s mineral subsidiary, Angkor Gold Corp. in Cambodia holds two mineral exploration licenses in Cambodia with multiple prospects in copper and gold. Both licenses are in their first two-year renewal term.

Its Cambodian energy subsidiary, EnerCam Resources Cambodia Co. Ltd., was granted an onshore oil and gas license of 7300 square kilometres in the southwest quadrant of Cambodia called Block VIII. The company then removed all parks and protected areas and added 220 square kilometres, making the license area just over 4095 square kilometres. EnerCam is actively advancing oil and gas exploration activities onshore to meet its mission to prove Cambodia as an oil and gas producing Nation.

Since 2022, Angkor’s Canadian subsidiary, EnerCam Exploration Ltd., has been involved in oil and gas production in Saskatchewan, Canada with measures of gas capture to reduce emissions. ANGKOR’s carbon capture and gas conservation project is part of its long-term commitment to Environmental and Social projects and cleaner energy solutions across jurisdictions.

CONTACT: Delayne Weeks – CEO

Email:- info@angkorresources.com Website: angkorresources.com

Telephone: +1 (780) 831-8722

Please follow @AngkorResources on , , , Instagram and .

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

_____________________________________

Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company, including, but not limited to the potential for gold and/or other minerals at any of the Company’s properties, the prospective nature of any claims comprising the Company’s property interests, the impact of general economic conditions, industry conditions, dependence upon regulatory approvals, uncertainty of sample results, timing and results of future exploration, and the availability of financing.

Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

Copyright (c) 2026 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

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Highlights:  

  • New Zone at Tamarack 1.28 g/t Au over 49.3m400m to the east
  • Cleary Zone 0.91 g/t Au over 150.9m – zone broadening at depth

The width refers to drill hole intercepts; true width cannot be determined due to the uncertain geometry of mineralization

Freegold Ventures Limited (‘Freegold’) (TSX: FVL,OTC:FGOVF) (OTCQX: FGOVF) is pleased to announce the successful identification of a new mineralized area at its Golden Summit project, the Tamarack Zone.

The Tamarack Zone is situated approximately 400 metres east of the Cleary Zone, extending the mineralized footprint at Golden Summit. As part of Freegold’s ongoing efforts to identify additional mineralization adjacent to the primary resource area, four drill holes were completed in the Tamarack Zone. This initiative is designed to evaluate the project’s exploration potential further and delineate the extent of mineralization. The identification of the Tamarack Zone marks a significant advancement in expanding the eastern boundaries of Golden Summit’s mineralized area. This discovery highlights Freegold’s continued success in growing the mineralized footprint at Golden Summit. The new Tamarack Zone demonstrates both grade and width comparable to previous intercepts in the resource area, suggesting the potential for a significant new mineral resource area immediately to the east.

The first hole in the Tamarack Zone, GS2536, was collared nearly 400 metres east of one of the easternmost holes in the Cleary Zone (GS2532) and intersected 1.28 g/t gold over 49.2 metres. Freegold is highly encouraged by these initial results. Assays for the remaining three holes in this new zone are pending: GS2540, GS2545, and GS2551. Freegold has planned additional drilling for 2026, targeting the area between Cleary and Tamarack, which contains substantial infill potential in previously untested areas.

Hole

Depth (m)

Dip (°)

Azimuth
(°)

From (m)

To (m)

Interval
(m)

Au (g/t)

GS2536

483.3

-70

330

103.4

113.0

9.6

0.88

279.5

281.7

2.2

23.1

362.0

411.2

49.2

1.28

452.0

473.9

21.9

0.71

The width refers to drill hole intercepts; true width cannot be determined due to the uncertain geometry of mineralization

Cleary Zone – GS2532 ~ 400m west of GS2536

Hole

Depth (m)

Dip (°)

Azimuth (°)

From (m)

To (m)

Interval
(m)

Au (g/t)

GS2532

785.5

-75

360

389.2

395.3

6.1

24.9

529.4

680.3

150.9

0.91

width refers to drill hole intercepts; true width cannot be determined due to the uncertain geometry of mineralization

The easternmost drill hole in the Cleary Zone, GS2532, was directed north to assess the down-dip continuity of the Cleary Vein system along its eastern edge. Known for high-grade, narrow, and discontinuous veins at shallower depths, Freegold’s exploration is focusing on the potential for wider mineralized zones at depth. Drill hole GS2532 intersected a broad zone of 0.91 g/t gold over 150.9 meters, further validating the current exploration model and provided significant infill data for the upcoming resource update and pre-feasibility study (PFS).  (Section 479950E).

Drilling was completed in mid-December, with 62 holes drilled. Analytical work, cutting and sampling of the remaining drill holes, is ongoing, and further results will be reported once they have been received and validated.

Drilling is planned to re-commence in February, beginning with an initial 50,000-meter program. Comprehensive metallurgical studies and an extensive infill drilling campaign will continue to support ongoing resource modelling and the pre-feasibility study (‘PFS’). These efforts are underpinned by a highly successful equity financing round that attracted participation from over 20 institutions and secured capital for continued exploration beyond the main resource area and for completing the PFS.

About Golden Summit:
Since 2020, the Golden Summit Project has become one of North America’s largest undeveloped gold resources. The significant increase in resource ounces and grade is the result of targeted drilling campaigns from 2020 to 2024 (over 130,000 meters), ongoing improvements to geological models, and a better understanding of mineralization controls. Ongoing drilling has continued to delineate zones of higher-grade mineralization and to convert previously considered waste areas into potentially economically viable mineralized zones. Continued westward expansion has led to the discovery of new, higher-grade zones, increasing both indicated gold resources and grades. Positive metallurgical test results have also advanced the project, with recovery rates exceeding 90% achieved using sulphide-oxidizing techniques, including BIOX®, POX, and the Albion Process.  Recent test work has also included the GlassLock Process, which demonstrated that the gold grade of the concentrate can be increased with no measurable gold loss, and that a direct-to-smelter saleable concentrate can be produced while significantly lowering the arsenic content.  

As of July 2025, the current Golden Summit resource includes an Indicated Primary Mineral Resource of 17.2 million ounces at 1.24 g/t Au and an Inferred Primary Mineral Resource of 11.9 million ounces at 1.04 g/t Au, calculated using a 0.5 g/t cut-off grade and a gold price of $2,490.  Cutting, sampling, and analytical work remain ongoing. Drilling is expected to resume in February. Results from the drill programs are expected provide the basis for an updated mineral resource estimate, which will support the upcoming Pre-Feasibility Study (PFS).

Links to the Plan Map and Section 479950E
https://freegoldventures.com/site/assets/files/6287/section-479950e.pdf
https://freegoldventures.com/site/assets/files/6287/nr-2025-drilling-20260113.pdf

HQ Core is logged, photographed and cut in half using a diamond saw, and one-half is placed in sealed bags for preparation and subsequent geochemical analysis by MSA Laboratories in Fairbanks, Alaska or ALS’s facilities in Vancouver and Thunder Bay.  At MSALABS, the entire sample will be dried and crushed to 70% passing -2mm (CRU-CPA). A ~500g riffle split was analyzed for gold using CHRYSOS PhotonAssay (CPA-Au1). From this, 250g will be further riffle split from the original PhotonAssay sample, pulverized, and a 0.25g sub-sample analysed for multi-element geochemistry using MSA’s IMS230 package, which includes 4-acid digestion and ICP-MS finish. MSALABS operates under ISO/IEC 17025 and ISO 9001 certified quality systems.

Core samples were delivered to ALS’s facility in Vancouver, Canada, where each sample was crushed to 70% passing a 2 mm (Tyler 9 mesh, U.S. Std. No. 10) screen.  A representative ~500 g subsample was obtained by riffle splitting (SPL-32a) and analyzed for gold using ALS method Au-PA01, (Photon Assay) which provides a detection range of 0.03 to 350 ppm, in Thunder Bay. In addition, a subsample was analyzed for multi-element geochemistry using ALS method ME-ICP61 (34-element, four-acid ICP-AES).

A QA/QC program includes laboratory and field standards inserted every ten samples. Blanks are inserted at the start of the submittal, and at least one blank every 25 standards.

The Qualified Person for this release is Alvin Jackson, P.Geo., Vice President of Exploration and Development for Freegold, who has approved the scientific and technical disclosure in this news release.

About Freegold Ventures Limited
Freegold is a TSX-listed company focused on exploration in Alaska.

Some statements in this news release contain forward-looking information, including, without limitation, statements as to planned expenditures and exploration programs, potential mineralization and resources, exploration results, the completion of an updated NI 43-101 technical report, and any other future plans. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by the statements. Such factors include, without limitation, the completion of planned expenditures, the ability to complete exploration programs on schedule, and the success of exploration programs. See Freegold’s Annual Information Form for the year ended December 31st, 2024, filed under Freegold’s profile at www.sedar.com, for a detailed discussion of the risk factors associated with Freegold’s operations.

 

SOURCE Freegold Ventures Limited

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The company that owns the iconic luxury retailer Saks Fifth Avenue filed for bankruptcy late Tuesday.

The move comes after Saks Global struggled with debt it took on to buy rival Neiman Marcus, lagging department store sales and a rising online market.

It’s one of the largest retail collapses since the Covid pandemic, and casts further doubt over the future of luxury fashion.

The retailer, which also owns Bergdorf Goodman, said early Wednesday its stores would remain open for now after it finalized a $1.75 billion financing package and appointed a new CEO.

The court process is meant to give the luxury retailer room to negotiate a debt restructuring with creditors or sell itself to a new owner to stave off liquidation. Failing that, the company may be forced to shutter.

Former Neiman Marcus CEO Geoffroy van Raemdonck will replace Richard Baker, who was the architect of the acquisition strategy that left Saks Global saddled with debt.

The company also appointed former Neiman Marcus executives Darcy Penick and Lana Todorovich as chief commercial officer and chief of global brand partnerships at Saks Global, respectively.

Saks Fifth Avenue, the retail arm of Saks Global, listed $1 billion to $10 billion in assets and liabilities, according to court documents filed in U.S. Bankruptcy Court in Houston.

A retailer long loved by the rich and famous, from Gary Cooper to Grace Kelly, Saks fell on hard times after the pandemic, as competition from online outlets rose, and brands started more frequently selling items through their own stores.

The original Saks Fifth Avenue store, known for displaying the likes of Chanel, Cucinelli and Burberry, was opened by retail pioneer Andrew Saks in 1867.

The new financing deal would provide an immediate cash infusion of $1 billion through ‌a loan from an investor group, Saks Global said.

A host of luxury brands were among the unsecured creditors, led by Chanel and Gucci owner Kering at about $136 million and $60 million respectively, the court filing said. The world’s biggest luxury conglomerate, LVMH, was listed as an unsecured creditor at $26 million. In total, Saks Global estimated there were between 10,001 and 25,000 creditors.

In 2024, Baker had masterminded the takeover of Neiman Marcus by Canada’s Hudson’s Bay Co, which had owned Saks since 2013, and later spun off the U.S. luxury assets to create Saks Global, bringing together three names that have defined American high fashion for more than a century.

The deal was designed to create a luxury powerhouse, but it saddled Saks Global with debt at a time when global luxury sales were slowing, complicating an already difficult turnaround for CEO and veteran executive Marc Metrick.

Saks Global struggled last year to pay vendors, who began withholding inventory, disrupting the company’s supply chain and leaving it with insufficient stock.

The thinly stocked shelves may have driven shoppers away to rivals like Bloomingdale’s, which posted strong sales in 2025, compounding pressure on Saks Global.

“Rich people are still buying,” Morningstar analyst David Swartz said last month, “just not so much at Saks.”

Running out of cash, Saks Global last month sold the real estate of the Neiman Marcus Beverly Hills flagship store for an undisclosed amount. It had also been looking to sell a minority stake in exclusive department store Bergdorf Goodman to help cut debt.

On Dec. 30, it failed to make an interest payment of more than $100 million to bondholders.

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Claims that a mysterious ‘sonic weapon’ was used in Venezuela have fueled speculation about exotic U.S. military technology and its potential effects on the human body.

One eyewitness account from a Venezuelan guard, shared on social media by White Hosue press secretary Karoline Leavitt, claimed the weapon brought Venezuelan and Cuban security forces to their knees, ‘bleeding through their nose’ and vomiting blood. 

While the Trump administration has not confirmed what weapon, if any, may have been used, defense experts point to a well-known acoustic device that has been in use for years. 

Known as a long-range acoustic device, it’s been described as the ‘voice of God,’ according to Mark Cancian, a retired Marine lieutenant colonel and senior adviser for the Center for Strategic and International Studies.

The device deploys a directed, short-range ‘cone of sound.’ 

‘It’s not like a microphone, you know, where everybody’s neighborhood, it’s only within this cone,’ said Cancian. 

U.S. operators may have deployed it as they were landing on the ground in Caracas, Venezuela, as a way to disorient security forces and warn them to drop their weapons.  

LRADs can project spoken commands at intense volumes or emit a loud, piercing tone designed to get attention and deter movement. At close range, the sound can be painful and disorienting, and in extreme cases can damage hearing or rupture eardrums, but the devices are not designed to cause lasting physical harm.

It can cause pain and temporary disorientation, and can cause ruptured eardrums, but is not designed to inflict long-term damage. 

U.S. forces used them for crowd control in Iraq when Iraqis got too close to U.S. military installments, according to Cancian. 

The devices can reach up to 140 decibels of sound. The intensity drops quickly with distance and angle. This is why operators can stand nearby but outside the beam.

Other defense analysts say the account raises questions that go beyond conventional acoustic devices.

For decades, the Pentagon’s Defense Advanced Research Projects Agency, or DARPA, has studied nonlethal technologies intended to temporarily incapacitate adversaries without causing permanent injury. Publicly available research has explored acoustic and electromagnetic effects designed to overwhelm the senses, disrupt balance or motor control, and render targets briefly unable to fight or maneuver.

Can Kasapoglu, a defense analyst at the Hudson Institute, said such research has fueled speculation about more advanced incapacitation systems, but stressed there is no public evidence any experimental DARPA technology was used in Venezuela. 

‘There are some non-lethal technologies that DARPA has been working on, including acoustic weapon systems, sound waves, and also some neurological weapon systems that do not kill, but cause an unbearable sensation that you feel that you simply become inoperable in the battlefield,’ he said. 

While the symptoms described in the post shared by Leavitt are unverified, ‘they align closely with examples of DARPA research.’

The White House and Pentagon did not respond to a request for comment.

In addition to the reported sound offense, the U.S. launched a cyberattack that knocked out communications systems as operators were landing in Caracas, Venezuela. 

‘It was dark, the lights of Caracas were largely turned off due to a certain expertise that we have, it was dark, and it was deadly,’ Trump previously said. 

‘We were on guard, but suddenly all our radar systems shut down without any explanation,’ the local guard said in the account shared by Leavitt. ‘The next thing we saw were drones, a lot of drones, flying over our positions. We didn’t know how to react.’

Once operators were on the ground, ‘At one point, they launched something; I don’t know how to describe it,’ he said. ‘It was like a very intense sound wave. Suddenly I felt like my head was exploding from the inside.’

The effects were extreme, according to the guard. 

‘We all started bleeding from the nose,’ he said. ‘Some were vomiting blood. We fell to the ground, unable to move. We couldn’t even stand up after that sonic weapon — or whatever it was.’

The physical effects described by the guard go well beyond what experts say LRADs are known to cause. 

Vomiting blood, in particular, is not a typical reaction to acoustic exposure, raising questions about whether the account exaggerates the effects, misattributes their cause, or reflects a different factor entirely.

Experts caution that while directional acoustic devices are real and widely used, there is no publicly known ‘sonic weapon’ capable of producing the extreme injuries described — and no official confirmation that any such system was used in Venezuela.

Venezuela’s interior minister Diosdado Cabello said 100 people were killed in the Maduro operation. Cuba has said 32 members of its security forces, which were guarding Maduro, were killed in the operation. 

Seven U.S. service members were injured in the operation but none were killed.

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Hillary and Bill Clinton are both now risking possible criminal charges after defying subpoenas to appear before the House Oversight Committee.

Hillary Clinton was compelled to sit for a sworn deposition behind closed doors on Wednesday morning as part of the House’s bipartisan probe into Jeffrey Epstein.

However, the former secretary of state refused to appear, and the House Oversight Committee will begin contempt of Congress proceedings, a source familiar told Fox News Digital.

She was expected to skip the meeting after her and former President Bill Clinton’s attorneys wrote to House Oversight Committee Chairman James Comer, R-Ky., arguing the subpoenas were not legally enforceable.

A committee aide said earlier that the committee would initiate contempt of Congress proceedings ‘in the coming days’ if she did not appear. Comer is already moving forward with contempt proceedings against Bill Clinton.

The lawyers’ letter argued Comer’s subpoenas were ‘invalid and legally unenforceable, untethered to a valid legislative purpose, unwarranted because they do not seek pertinent information, and an unprecedented infringement on the separation of powers.’

It also compared Comer’s leadership of the probe to Joseph McCarthy’s 1950s-era abuse of congressional power, while pointing out that President Donald Trump has publicly called for the federal government to look into Bill Clinton’s Epstein ties.

‘Mindful of these defects, we trust you will engage in good faith to de-escalate this dispute,’ the letter said.

Comer told reporters Tuesday that he read the letter but suggested his probe would be undeterred.

The former president similarly skipped his own scheduled deposition on Tuesday, prompting Comer to say his panel would move ahead with advancing a contempt of Congress resolution against him next week.

Such resolutions need to advance through the relevant committees before being considered in a House-wide vote.

It’s then up to the Department of Justice (DOJ) on whether to pursue the resulting criminal referral if a majority of House lawmakers vote to make it.

Contempt of Congress charges are a misdemeanor that carry up to a year in jail and a maximum fine of $100,000.

Former Trump advisors Steve Bannon and Peter Navarro were notably charged and convicted of contempt of Congress for defying subpoenas by the now-defunct select committee on the Jan. 6 Capitol attack.

The former first couple were two of 10 people subpoenaed by Comer as part of the panel’s investigation into Jeffrey Epstein. The subpoenas were issued following a bipartisan vote by an Oversight subcommittee panel during an unrelated hearing on illegal immigration.

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