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The Senate confirmed President Donald Trump’s nominee Emil Bove as a federal judge Tuesday, handing a controversial leader at the Department of Justice a lifetime role on a powerful appellate court.

Bove was narrowly confirmed to the U.S. Court of Appeals for the 3rd Circuit in a 50-49vote with no support from Democrats. His confirmation followed a contentious weeks-long vetting process that included three whistleblower complaints and impassioned outside figures voicing both support and opposition to his nomination.

Senate Judiciary Committee Chairman Chuck Grassley, R-Iowa, said from the Senate floor before the vote that he supported Bove and believed the nominee had been the target of ‘unfair accusations and abuse.’

‘He has a strong legal background and has served his country honorably. I believe he will be a diligent, capable, and fair jurist,’ Grassley said. 

Bove’s ascension to the appellate court marks a peak in his legal career.

He started out as a high-achieving student, college athlete and Georgetown University law school graduate. He went on to clerk for two federal judges and worked for about a decade as a federal prosecutor in the Southern District of New York, leading high-profile terrorism and drug trafficking cases through 2019.

Alongside Todd Blanche, now a deputy attorney general, Bove led Trump’s personal defense team during the president’s criminal prosecutions. Blanche told Fox News Digital in an interview last month that Bove was a ‘brilliant lawyer’ who authored the vast majority of their legal briefs for Trump’s cases. In a letter to the Senate, attorney Gene Schaerr called Bove’s brief writing ‘superb.’

Bove will leave behind his job as principal associate deputy attorney general at the DOJ. Attorney General Pam Bondi congratulated him in a statement.

‘This is a GREAT day for our country,’ Bondi wrote on X. ‘I cannot thank Emil enough for his tireless work and support at @TheJusticeDept. He will be missed — and he will be an outstanding judge.’

Two Republicans, Sens. Lisa Murkowski of Alaska and Susan Collins of Maine, voted against Bove.

Democrats and some who crossed paths with Bove during his time in New York and at DOJ headquarters fiercely opposed his nomination and said he was unqualified.

One whistleblower, Erez Reuveni, had become a successful prosecutor at the DOJ over the last 15 years when he was fired under Bove’s watch. Reuveni said he was party to a meeting in March in which Bove floated defying any court orders that would hinder one of Trump’s most legally questionable deportation plans, a claim Bove denies. Reuveni also said the culture at the DOJ, particularly during the most intense moments of immigration lawsuits, involved misleading federal judges and was like nothing he had experienced during his tenure, which included Trump’s first term.

Two other anonymous whistleblowers emerged at the eleventh hour during the confirmation process and vouched for Reuveni’s claims.

A spokeswoman for Grassley told Fox News Digital the third whistleblower only brought claims to Senate Democrats and did not attempt to engage with Grassley. Grassley’s staff eventually met with the whistleblower’s lawyers after the chairman’s office reached out, the spokeswoman said.

Grassley said his staff interviewed more than a dozen people to vet the initial whistleblower claims and could not find evidence that Bove urged staff to defy the courts.

‘Even if you accept most of the claims as true, there’s no scandal,’ Grassley said. ‘Government lawyers aggressively litigating and interpreting court orders isn’t misconduct—it’s what lawyers do.’

While in New York, Bove also alienated some colleagues. In 2018, a band of defense lawyers said in emails reported by The Associated Press that Bove could not ‘be bothered to treat lesser mortals with respect or empathy.’ Another lawyer who had interactions with Bove in New York told Fox News Digital he was a ‘bully’ who browbeat people. 

A group that opposes Bove’s nomination, Justice Connection, published a letter signed by more than 900 former DOJ employees calling for the Senate to reject Bove’s nomination.

Among their concerns was that Bove led the controversial dismissal of Democratic New York City Mayor Eric Adams’ federal corruption charges. Several DOJ officials resigned in protest over Bove’s orders to toss out the charges. In the letter, the former employees said Bove has been ‘trampling over institutional norms’ and that he lacked impartiality.

Senate Judiciary Committee Democrats, in an unusual move, staged a walkout at a hearing on Bove before a recent vote to advance his nomination. Senate Minority Leader Chuck Schumer, D-N.Y., called him a ‘henchman,’ a description Democrats have widely adopted for him.

‘He’s the extreme of the extreme,’ Schumer told reporters. ‘He’s not a jurist. He’s a Trumpian henchman. That seems to be the qualification for appointees these days.’

Bove defended himself against critics during his confirmation hearing.

‘I am not anybody’s henchman. I’m not an enforcer,’ Bove said. ‘I’m a lawyer from a small town who never expected to be in an arena like this.’

Fox News’ Alex Miller contributed to this report.

This post appeared first on FOX NEWS

 

Westport Fuel Systems Inc. (‘Westport’ or the ‘Company’) (TSX:WPRT Nasdaq:WPRT), today announced the successful closing of the previously announced transaction to divest its Light-Duty Segment and outlines its strategic vision for future growth, emphasizing expansion of market share, entering new markets and right sizing its current operations.

 

Today, Westport closed the sale of the Light-Duty Segment to a wholly-owned investment vehicle of Heliaca Investments Coöperatief U.A. (‘Heliaca Investments’), a Netherlands based investment firm supported by Ramphastos Investments Management B.V., a prominent Dutch venture capital and private equity firm (the ‘Transaction’). The Transaction, initially announced on March 31, 2025, includes the sale of Westport Fuel Systems Italia S.r.l., encompassing the Light-Duty OEM, delayed OEM, and independent aftermarket businesses. Total consideration for the assets was a base price of approximately $79.5 million (€67.7 million), subject to certain adjustments, along with potential earnouts of up to a revised estimate of $3.9 million (€3.3 million) based on future performance milestones.

 

‘The successful completion of the disposition of our Light-Duty Segment marks a pivotal step in strengthening our balance sheet,’ said Dan Sceli, Chief Executive Officer of Westport Fuel Systems. ‘More importantly, it allows Westport to sharpen our focus on the larger, higher-growth opportunities ahead, including providing the most economical solutions for heavier duty and high horse power commercial mobility and industrial applications that also deeply decarbonize these challenging segments – where we believe our products and technologies can deliver the greatest value.’

 

  The New Westport  

 

With the successful completion of the Light-Duty Segment divestiture, Westport is taking the necessary steps to execute on a new and focused integrated business strategy. The Company recognizes the evolving macroeconomic environment and is positioning itself to capitalize on renewed market momentum, drive operational excellence, and deliver on key financial objectives.

 

‘The transportation landscape is shifting, and customer demand for cleaner, smarter, and more sustainable solutions continues to accelerate,’ added Sceli. ‘We’re seeing renewed attention on CNG and LNG fuelled platforms and Westport is uniquely positioned to deliver the necessary products and technologies. By leveraging our core strengths in fuel-agnostic, high-pressure fuel systems, we aim to meet growing market demand and provide our customers with reliable solutions that perform – and in many cases are more affordable than the incumbant engines.’

 

During the upcoming Q2 financial results conference call, Westport will be covering additional details about the transaction and Westport’s strategy ahead. We will focus on key priorities, including:

 

  • Cespira: Strategic market expansion and technology leadership in heavy-duty transportation and off road high horse power mobility
  •  

  • High Pressure Controls and Systems: Complementing the energy transition with versatile solutions that support multiple powertrain platforms
  •  

  • Westport Financial Initiatives: Balancing opportunity scale, execution performance, and dynamic market conditions
  •  

Westport’s key focus going forward recognizes both the opportunities and headwinds in overall market conditions. We have initiated a comprehensive internal process to review additional ways to maximize our economic benefit from this recent transaction for our stakeholders. We look forward to providing additional insight and updates when we report Q2 2025 results on Monday, August 11, 2025, after market close.

 

  About Westport Fuel Systems  

 

Westport is a technology and innovation company connecting synergistic technologies to power a cleaner tomorrow. As a leading supplier of affordable, alternative fuel, low-emissions transportation technologies, we design, manufacture, and supply advanced components and systems that enable the transition from traditional fuels to cleaner energy solutions.

 

Our proven technologies support a wide range of clean fuels – including natural gas, renewable natural gas, and hydrogen – empowering OEMs and commercial transportation industries to meet performance demands, regulatory requirements, and climate targets in a cost-effective way. With decades of expertise and a commitment to engineering excellence, Westport is helping our partners achieve sustainability goals – without compromising performance or cost-efficiency – making clean, scalable transport solutions a reality.

 

 Westport Fuel Systems is headquartered in Vancouver, Canada. For more information, visit   www.westport.com   .

 

  Cautionary Note Regarding Forward-Looking Statements  

 

  This press release contains forward-looking statements, including statements regarding the anticipated benefits of the Transaction, including potential earn-out payments, the ability to strengthen our balance sheet, the ability to capitalize on higher-   growth opportunities   ,   and our expectations regarding the future success of our business.   Other forward-looking statements included in the release include those relating to Westport’s future strategic plans, business opportunities and use of the Transaction proceeds. These statements are neither promises nor guarantees but involve known and unknown risks and uncertainties and are based on both the views of management and assumptions that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activities, performance, or achievements expressed in or implied by these forward-looking statements. These risks, uncertainties, and assumptions include those related to governmental policies, regulation and approval, the achievement of the performance criteria required for the earnout described above, purchase price adjustments contained in the Agreement, the demand for our products, as well as other risk factors and assumptions that may affect our actual results, performance, or achievements, as discussed in our most recent Annual Information Form and other filings with securities regulators. Readers should not place undue reliance on any such forward-looking statements, which speak only as of the date they were made. We disclaim any obligation to publicly update or revise such statements to reflect any change in our expectations or in events, conditions, or circumstances on which any such statements may be based, or that may affect the likelihood that actual results will differ from those set forth in these forward-looking statements except as required by National Instrument 51-102. The contents of any website referenced in this press release are not incorporated by reference herein   .  

 

  Investor Inquiries:  
Investor Relations
T: +1 604-718-2046
E:   invest@westport.com   

 

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Maritime Resources Corp. (TSXV: MAE,OTC:MRTMD) (‘Maritime’ or the ‘Company’) is pleased to announce the full cash repayment of the US$5 million principal amount owed under its non-convertible senior secured notes due on August 14, 2025 (the ‘Notes’), along with accrued and unpaid interest for the month of July 2025. In order to repay the Notes, the Company used the proceeds from its recently completed brokered ‘best efforts’ private placement offering of common shares in the capital of the Company, as announced on July 17, 2025. Payment for the Notes was processed today through Computershare Trust Company of Canada.

Garett Macdonald, Chief Executive Officer of Maritime, commented: ‘We would like to take this opportunity to thank each of the noteholders for their support of the acquisition of the Point Rousse Project which included the Pine Cove Mill in August 2023 through the senior secured note facility. The Company is once again debt-free with the full repayment of the Notes.’

About Maritime Resources Corp.

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

On Behalf of the Board:

Maritime Resources Corp.

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

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

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/260608

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“Whatever is out of favor and hated at the moment, that’s probably what you need to buy,” he said. “Buy it when it’s boring and no one cares, then you get to ride the wave up.”

Barton also broke down his current portfolio, which holds a 30 percent weighting in precious metals—particularly gold—citing concerns over currency policies and the long-term upside for gold and silver.

Watch the interview above for more from Barton on the similarities between poker and resource investing.

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

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July 29 (Reuters) – Union Pacific said on Tuesday it would buy smaller rival Norfolk Southern in an $85-billion deal to create the country’s first coast-to-coast freight rail operator and reshape the movement of goods from grains to autos across the U.S.

If approved, the deal would be the largest-ever buyout in the sector and combine Union Pacific‘s stronghold in the western two-thirds of the United States with Norfolk’s 19,500-mile network that primarily spans 22 eastern states.

The two railroads are expected to have a combined enterprise value of $250 billion and would unlock about $2.75 billion in annualized synergies, the companies said.

The $320 per share price implies a premium of 18.6% for Norfolk from its close on July 17, when reports of the merger first emerged.

The companies said on Thursday they were in advanced discussions for a possible merger.

The deal will face lengthy regulatory scrutiny amid union concerns over potential rate increases, service disruptions and job losses. The 1996 merger of Union Pacific and Southern Pacific had temporarily led to severe congestion and delays across the Southwest.

The deal reflects a shift in antitrust enforcement under U.S. President Donald Trump’s administration. Executive orders aimed at removing barriers to consolidation have opened the door to mergers that were previously considered unlikely.

A Norfolk Southern freight train passes through Homestead, Pa., on March 12, 2025.
A Norfolk Southern freight train passes through Homestead, Pa.Gene J. Puskar / AP file

Surface Transportation Board Chairman Patrick Fuchs, appointed in January, has advocated for faster preliminary reviews and a more flexible approach to merger conditions.

Even under an expedited process, the review could take from 19 to 22 months, according to a person involved in the discussions.

Major railroad unions have long opposed consolidation, arguing that such mergers threaten jobs and risk disrupting rail service.

“We will weigh in with the STB (regulator) and with the Trump administration in every way possible,” said Jeremy Ferguson, president of the SMART-TD union‘s transport division, after the two companies said they were in advanced talks last week.

“This merger is not good for labor, the rail shipper/customer or the public at large,” he said.

The companies said they expect to file their application with the STB within six months.

The SMART-TD union‘s transport division is North America’s largest railroad operating union with more than 1,800 railroad yardmasters.

The North American rail industry has been grappling with volatile freight volumes, rising labor and fuel costs and growing pressure from shippers over service reliability, factors that could further complicate the merger.

Union Pacific‘s shares were down about 1.3%, while Norfolk fell about 3%.

The proposed deal had also prompted competitors BNSF, owned by Berkshire Hathaway BRKa.N, and CSX CSX.O, to explore merger options, people familiar with the matter said.

Agents at the STB are already conducting preparatory work, anticipating they could soon receive not just one, but two megamerger proposals, a person close to the discussions told Reuters on Thursday.

If both mergers are approved, the number of Class I railroads in North America would shrink to four from six, consolidating major freight routes and boosting pricing power for the industry.

The last major deal in the industry was the $31-billion merger of Canadian Pacific CP.TO and Kansas City Southern that created the first and only single-line rail network connecting Canada, the U.S. and Mexico.

That deal, finalized in 2023, faced heavy regulatory resistance over fears it would curb competition, cut jobs and disrupt service, but was ultimately approved.

Union Pacific is valued at nearly $136 billion, while Norfolk Southern has a market capitalization of about $65 billion, according to data from LSEG.

(Reuters reporting by Shivansh Tiwary and Sabrina Valle, additional reporting by Abhinav Parmar, Nathan Gomes and Mariam Sunny; Reuters editing by Sriraj Kalluvila, Pooja Desai, Dawn Kopecki and Cynthia Osterma)

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The Senate confirmed President Donald Trump’s pick to lead the Centers for Disease Control and Prevention after his first choice struggled to gain support.

Susan Monarez, a longtime fixture in Washington who has taken on leadership positions in a number of government public health roles, was confirmed by the Senate on Tuesday, crossing yet another position off the lengthy and growing number of nominees awaiting confirmation.

Monarez was confirmed on a 51to 47party line vote.

Across her roughly two-decade career in D.C., she has served as deputy director of the Advanced Research Projects Agency for Health within the Department of Health and Human Services and in roles at the White House, including at the Office of Science and Technology Policy and the National Security Council.

She is the first CDC director to undergo the Senate confirmation process after a new law changed the requirement in 2023. Prior to her confirmation, Monarez had served as the acting director of the CDC since the beginning of this year.

But Monarez, who has a Ph.D. in microbiology and immunology, was not Trump’s first pick to lead the public health agency, which is tasked with protecting Americans from public health threats.

Trump tapped Monarez in March shortly after withdrawing his nomination of Dr. David Weldon, a former House member, after it was clear that he couldn’t get enough votes from Senate Republicans to make it across the finish line.

He lauded Monarez’s credentials, and charged that Americans had ‘lost confidence’ in the CDC.

‘Dr. Monarez will work closely with our GREAT Secretary of Health and Human Services, Robert Kennedy Jr,’ he said on social media at the time. ‘Together, they will prioritize Accountability, High Standards, and Disease Prevention to finally address the Chronic Disease Epidemic and, MAKE AMERICA HEALTHY AGAIN!’

But questions also linger on how well Monarez and Health and Human Services Secretary Robert F. Kennedy Jr. might work together.

During her confirmation hearing last month, Senate Democrats grilled Monarez over whether she agreed with Kennedy’s positions on vaccines. Kennedy has long been outspoken about his skepticism regarding vaccines, particularly COVID-19 vaccines.

The CDC has been hit with thousands of staff cuts and resignations and subject to changes in vaccine policy — notably Kennedy’s decision to remove the COVID-19 from the vaccine schedule for pregnant women and healthy children — in the last six months. 

‘I think vaccines save lives. I think that we need to continue to support the promotion of utilization of vaccines,’ Monarez said during her confirmation hearing.

Her confirmation also comes as Kennedy, in his budget request for the HHS, seeks a slash in funding to the CDC of nearly 50%, or from about $9.2 billion to $4.2 billion, for the upcoming fiscal year.

But Kennedy made clear in an X post at the time of her nomination that he supports Monarez to take on the position.

‘I handpicked Susan for this job because she is a longtime champion of MAHA values, and a caring, compassionate and brilliant microbiologist and a tech wizard who will reorient CDC toward public health and gold-standard science,’ he said. ‘I’m so grateful to President Trump for making this appointment.’

And an HHS spokesperson told Fox News Digital, ‘Once Dr. Monarez is confirmed, the Secretary looks forward to working with her to advance common-sense policies that will Make America Healthy Again.’

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Lawmakers on the House Homeland Security Committee met with stakeholders and law enforcement to address the rise of antisemitic violence in the U.S., during a closed-door congressional roundtable on July 22, Fox News Digital has learned. 

The roundtable comes amid growing concerns about antisemitic violence months after recent attacks in Boulder, Colorado, and Washington, D.C., along with growing fears surrounding the potential election of Zohran Mamdani, who has espoused anti-Israel viewpoints, as New York City mayor. 

‘Jewish communities across the country are living in fear, and I am committed to standing with them. This roundtable comes at a critical moment: a far-left activist who has defended the phrase ‘globalize the intifada’ is inching closer to leading a city home to one of the world’s largest Jewish populations,’ Rep. August Pfluger, the chairman of the Homeland Security Committee’s counterterrorism and intelligence subcommittee, said in his opening statement, obtained by Fox News Digital. 

‘Antisemitic and anti-Israel rhetoric is becoming dangerously mainstream. We must act now to expose and combat this vile hatred wherever it is spread,’ Pfluger said. 

The roundtable focused on improving interagency coordination, intelligence sharing, training, and enforcement to better prevent and respond to antisemitic violence, according to a House Homeland Security Committee aide.

In particular, the meeting addressed ways to bolster communication between the Department of Homeland Security and the FBI, along with state and local law enforcement, according to Michael Masters, the CEO of the Secure Community Network, a non-profit organization focused on the safety of the Jewish community in North America. 

This interagency coordination is absolutely paramount as the Secure Community Network has flagged 500 credible threats to life this year – which all have required immediate law enforcement intervention, according to Masters. 

‘Bad guys don’t respect orders. Bad actors don’t respect jurisdictions, and that means that our intelligence can’t be siloed,’ Masters told Fox News Digital on Monday. 

 

Additionally, the roundtable’s discussion highlighted how extremist rhetoric can spread, especially on college campuses and via social media, the aide said. Since the outbreak of the Israel-Hamas war in October 2023, student protests have erupted across college campuses in the U.S., including at Columbia University in New York. 

Likewise, those participating in the roundtable addressed the prevalence of homegrown and foreign-influenced extremism, when one participant highlighted instances where anti-Israel terrorist organizations have disseminated tool kits and talking points aimed at promoting attacks in the U.S., the committee aide said. 

The discussion is expected to inform legislative priorities centered around bolstering officer training, improving data collection, and ensuring ‘robust prosecution’ of antisemitic offenses, the committee aide said. 

Those who participated in the roundtable included representatives from the Secure Community Networks; the Anti-Defamation League, an organization dedicated to stopping the defamation of the Jewish people; the Department of Homeland Security’s Office of Intelligence & Analysis; and law enforcement officials. 

Pfluger, a Republican from Texas, has spearheaded legislation that would bar any visa holders backing Hamas or other designated terror groups from staying in the U.S. 

He also led a hearing last month on the rise of antisemitic violence in the U.S., following a May shooting that killed two Israeli Embassy employees in Washington and a terrorist attack in Colorado targeting a grassroots group advocating for the release of Israeli hostages.

Antisemitic violence reached a new high in 2024, according to the Anti-Defamation League. 

The group recorded 9,354 antisemitic instances of harassment, assault, and vandalism in the U.S. in 2024 – a 5% increase from the 8,873 incidents recorded in 2023 and a 344% increase in the past five years. Likewise, the number of incidents is the highest the group has recorded since 1979, when the group first started tracking these cases. 

Incidents of antisemitic violence in 2024 were highest in the state of New York, where Mamdani is currently a state assemblyman. 

Mamdani has attracted scrutiny, including from Democrats, for initially failing to condemn the term ‘globalize the intifada,’ a phrase used to back Palestinian resistance against Israel. However, he has since said he will not use the term and will discourage others from using it as well. 

Still, concerns remain over what his potential leadership as mayor could mean for the Jewish community in New York City. Roughly 1.4 million people in the Greater New York Area identified as Jewish in 2023, according to UJA-Federation of New York. 

‘There’s a lot of fear in the Jewish community if this guy becomes mayor,’ New York City Republican councilwoman Inna Vernikov told Fox News Digital. 

‘This is a guy who wants to globalize the intifada,’ Vernikov said. ‘We’ve never seen anything close to this in New York City. We have the largest Jewish population in America, and I’ll tell you Jews are telling me they’re going to run away from New York City, and Jews have contributed a lot to the city and to this country, and the idea that they are now afraid to live here – it’s unacceptable and unprecedented really, this has never happened here.’

Fox News’ Andrew Mark Miller contributed to this report.

This post appeared first on FOX NEWS

 

(TheNewswire)

 

      
  Angkor Resources Corp. 
                 

 

GRANDE PRAIRIE, ALBERTA TheNewswire – July 29, 2025 – Angkor Resources Corp. (TSXV: ANK,OTC:ANKOF) (‘ANGKOR’ OR ‘THE COMPANY’) announces its subsidiary, EnerCam Resources Co. Ltd. (Cambodia) (‘EnerCam’) met with officials from the Ministry of Mines and Energy (‘MME’) and the General Department of Petroleum (‘GDP’) to request an additional 220 square kilometers as part of Block VIII to include a potential sub-basin for exploration of oil and gas.

 

  Following field scoping, data analysis, and indications of hydrocarbon potential, the technical team, headed by EnerCam’s Keith Edwards, provided a presentation to members and authorities of GDP and MME.  The presentation focused on the addition of a 220 square kilometer area in the northeast section of Block VIII to expand the boundaries of Block VIII.  The area indicates potential for a sub-basin that the EnerCam team refers to as the ‘Mussel Basin’ named primarily based on the shape of the potential basin.  

 

  The most recent research of the geoscience team indicates that it would be prudent to expand the boundaries in the northeast corner of Block VIII and include the expansion as part of the explored territory including the basin in the 2D seismic to be undertaken over the next 40 days.  

 

    
Click Image To View Full Size
 

 

  Figure 1  Outline of Block VIII with proposed Mussel Basin encapsulated within the boundaries and proposed seismic lines (left)and details and coordinates showing all exclusions and the proposed additional area(right).  

 

    
Click Image To View Full Size
 

 

  Figure 2 EnerCam’s technical manager, Keith Edwards, presents to officials from GDP and MME regarding proposed boundary expansion to be included in the exploration and activities of Block VIII.  

 

  The response from the meeting was positive.  The Company expects an answer within a few weeks, well in time to include the new area in the existing seismic program.  

 

  On the mineral activities in Cambodia, in the northwest area of the country and forty kilometers south of the Thailand / Cambodia border, drilling activities of the Andong Bor license were suspended on July 24 due to border conflicts.  With the Malaysian Chairman of ASEAN (Association of Southeast Asian Nations) hosting the Prime Ministers or representative of Thailand and Cambodia, the recent announcement of a ceasefire on July 28   th   comes as a relief for all citizens.  

 

  The drilling program will continue when equipment is back in place, and it is deemed to be safe to resume.  

 

  Other activities, both for minerals in the northeast area of Ratanakiri province and for the oil & gas exploration in the southwest Block VIII continued without interruption.  

 

  =================================================================================  

 

   ABOUT Angkor Resources CORPORATION:   

 

   Angkor Resources Corp. is a public company, listed on the TSX-Venture Exchange, and is a leading resource optimizer in Cambodia working towards mineral and energy solutions across Canada and Cambodia. ANGKOR’s carbon capture and gas conservation project in Saskatchewan, Canada is part of its long-term commitment to Environmental and Social projects and cleaner energy solutions across jurisdictions.  The company’s mineral subsidiary, Angkor Gold Corp. in Cambodia holds three mineral exploration licenses in Cambodia and its Cambodian energy subsidiary, EnerCam Resources, was granted an onshore oil and gas license of 7300 square kilometers in the southwest quadrant of Cambodia called Block VIII.  The license was reduced to roughly half the size with the Company’s voluntary removal of all parks and protected areas in March 2025.  Since 2022, Angkor’s Canadian subsidiary, EnerCam Exploration Ltd., has been involved in gas/carbon capture and oil and gas production in Evesham, Saskatchewan.   

 

   CONTACT:     Delayne Weeks – CEO   

 

   Email:      info@angkorresources.com        Website:     angkor      resources.com    

 

   Telephone:     +1 (780) 831-8722   

 

   Please follow @AngkorResources on     ,     ,     ,      Instagram      and     .   

 

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

 

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

 

Copyright (c) 2025 TheNewswire – All rights reserved.

 

 

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Sranan Gold (CSE:SRAN,FSE:P84) is a junior exploration company focused on Suriname, a South American country that produces over 600,000 ounces of gold annually. The company’s flagship project is located in the highly prospective Guiana Shield, one of the world’s most underexplored and gold-rich geological regions.

Sranan’s 29,000-hectare Tapanahony gold project sits atop a historic mining belt with strong geochemical and structural markers. Leveraging local knowledge, legacy drill data, and modern exploration tools, the company aims to define its first gold resource along a 4.5 km mineralized corridor.

Aerial view Sranan Gold

Backed by the discovery team behind Suriname’s major deposits—Merian, Rosebel, and Saramacca—Sranan is targeting hard-rock gold beneath saprolite zones, with plans to accelerate drilling, grow its land position, and deepen community ties.

Company Highlights

  • District-scale land position: The 29,000-hectare Tapanahony project covers one of Suriname’s oldest and most productive artisanal mining districts, offering untested hard-rock upside within the Guiana Shield, home to numerous multi-million-ounce gold deposits.
  • Immediate drill targets: A 10,000-metre diamond drilling program is set to kick off in 2025 across the 4.5 km Poeketi-Randy trend, targeting high-grade shear zones validated by historic IAMGOLD drilling.
  • World-class discovery pedigree: The technical team has led or co-led discoveries at Merian (7 Moz, Newmont), Rosebel (13.7 Moz, now Zijin) and Saramacca (1.5 Moz).
  • Deep in-country knowledge: Geologists are locally trained at Anton de Kom University and have decades of experience in Suriname’s regolith-dominated terrain.

This Sranan Gold profile is part of a paid investor education campaign.*

Click here to connect with Sranan Gold (CSE:SRAN) to receive an Investor Presentation

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The uranium market entered Q2 on shaky footing, with spot prices slipping to around US$63.50 per pound (March 13)—the lowest level in 18 months—as utilities hesitated to contract amid ample secondary supply and demand uncertainty.

By early June, however, spot prices rebounded to the US$70–US$71 per pound range, buoyed by geopolitical tailwinds and renewed nuclear policy support in the US.

While the spot market showed typical volatility, long-term contract prices remained stable around US$80 for the first six months of the year, underscoring producer discipline.

Utilities have so far stayed largely on the sidelines, but expectations are mounting for a wave of contracting in the second half.

Uncertainty impacting utility sentiment

Trade tensions and tariff threats from US President Donald Trump have been a catalyst for volatility in the uranium market through the first half of 2025.

Term uranium contracting remains well below replacement levels despite firm prices and growing demand, according to Oceanwall’s Ben Finegold.

“Term prices are sitting around US$80 per pound right now—roughly US$6 to US$7 above spot—but it’s still extremely difficult to get reliable data on actual volumes and pricing,” said Finegold during the Bloor Street Capital Virtual Uranium Conference in June.

By mid-year only 25 million pounds had been contracted, putting the market on track to fall 75 percent short of replacement-rate contracting. That shortfall has been a recurring issue, with contracting volumes lagging for more than a decade.

While 2023 saw the strongest term contracting in years (160 million pounds), about 30 percent of that came from a single deal. In 2024, 110 million pounds were contracted, well above where 2025’s totals are likely to fall.

Uncertainty continues to weigh heavily on term uranium contracting, particularly among U.S. utilities, who remain unsure about the future of US-Russia relations and whether Russian supply will remain accessible.

“There’s a certain naivety among fuel buyers,” said Finegold, referencing a recent conversation with a former buyer who suggested utilities have grown used to a decade-long environment where they could easily dip in and out of the spot or term market.

But that era may be ending.

“I just don’t see a situation where the supply-demand fundamentals get better for utilities,” the source added.

Despite global momentum—31 countries aim to triple or quadruple nuclear capacity by 2050 and the US government has pledged US$75 billion toward domestic reactor builds—contracting volumes remain surprisingly low.

“It’s a pressure cooker,” said Finegold. “At some point something has to give—and when utilities return to the term market, history shows they tend to do so all at once.”

Supply gap to collide with surging demand

From a structural perspective, the market is grappling with a widening supply deficit: global production in 2024 met just 80 percent–90 percent of reactor demand, with the shortfall made up through inventories and spot purchases—a buffer that is fading fast.

Meanwhile, development pipelines are thin, projects suffer regulatory delays, and geopolitical constraints—including Russia sanctions—further limit available supply options. Further compounding the issue are the 69 nuclear reactors that are in the process of being built, in addition to the 440 operational reactors around the globe.

The need for uranium is especially prevalent in the US where 45 million pounds are consumed annually, while the country produces roughly 1 percent of that.

In an effort to remedy this discrepancy, President Trump issued several Executive Orders in early 2025 and targeted energy production in his “big beautiful bill”.

Included within these measures Trump has proposed an increase in nuclear energy targeting 400 gigawatts by 2050.

The uptick would mark a fourfold increase from the country’s current 100 gigawatts of capacity—far exceeding the International Atomic Energy Agency’s projected range of 89 to 142 gigawatts for all of North America.

If realized, this expansion would push U.S. uranium demand from about 50 million pounds of U3O8 equivalent annually to nearly 200 million pounds—an amount that alone would nearly double current global mine output, which UxC estimates at 164 million pounds for 2025.

“The US is signaling a once-in-a-generation commitment to domestic uranium independence and advanced nuclear deployment,” wrote Sprott’s Jacob White, in a June uranium report.

While the scale of future demand will depend on execution challenges such as permitting, grid infrastructure, and financing, analysts say the scenario presents “asymmetrically positive” risk, offering potential upside to long-term uranium demand forecasts.

This thesis was further bolstered when the Trump admin fast tracked permitting for the Anfield Energy’s (TSXV:AEC,OTCQB:ANLDF) Velvet-Wood project in Utah and Laramide Resources’ (TSX:LAM,ASX:LAM,OTCQX:LMRXF) Crownpoint-Churchrock and La Jara Mesa uranium projects in New Mexico.

“For the first time under the current policy framework, a uranium mine, Anfield’s … received US approval in just 14 days,” the Sprott report noted.

“This demonstrates how quickly support for domestic supply can translate into tangible action. The project was permitted under Trump’s emergency energy declaration, reinforcing a shift toward uranium as a strategically vital input.”

Elsewhere uranium supply could face headwinds. Kazakhstan, which accounts for roughly 40 percent of global uranium output, is unlikely to boost production meaningfully.

“I see Kazakhstan as sort of the 800 pound gorilla in the room,” said Finegold.

Kazatomprom, the country’s state-owned uranium company, reduced its 2025 production guidance, by 12 percent–17 percent, due to a critical shortage of sulfuric acid, the chemical essential for its in-situ leach mining process.

Further complicating the outlook, the company’s planned acid production facility isn’t expected online until 2026 or later. Additionally, anticipated increases in Kazakhstan’s mineral extraction tax beginning in 2025 threaten to raise production costs significantly, eroding the company’s historical cost advantage over peers.

Finegold also sees potential issues arising in projected Canadian supply. He noted that the market assumes that developers like NexGen Energy (TSX:NXE,NYSE:NXE), Denison Mines (TSX:DML,NYSEAMERICAN:DNN), Fission Uranium (TSX:FCU), and Paladin Energy (ASX:PDN,OTC:PALAF) will hit timelines and budgets

“And that’s just not how uranium mining works,” he said, pointing to similar issues with North American counterpart Peninsula Energy ASX:PEN,OTC:PENMF).

Peninsula just canceled contracts for 2 million pounds—that demand doesn’t disappear,” he said. “It’ll need to be filled elsewhere, likely via the spot market.”

Uranium-themed equities surge on global nuclear momentum

As highlighted in the Sprott report uranium’s mid-year price ignited a rally in mining equities which posted a 16.22 percent gain by June.

“This sharp equity rebound points to the sector’s leverage to increases in the spot price and catch-up potential, especially as investor sentiment begins to recover,” it read.

Furthermore, the Sprott Physical Uranium Trust’s (TSX:U.U,OTCQX:SRUUF) mid-June US$200 million capital raise bolstered market sentiment and boosted uranium prices and equities.

As John Ciampaglia, CEO of Sprott explained during the virtual uranium event, the move was a strategic play aimed at taking advantage of what the firm viewed as a temporary and unsustainable dip in uranium prices.

He noted investors from Australia led the raise, followed by North American and European interest.

Van Eck’s Uranium and Nuclear Technologies UCITS ETF (LSE:NUCL), also made large gains in 2025, growing its assets under management to over US$500 million in mid-June and then to US$926.6 million by the end of July.

“Nuclear re-entered the public conversation in 2024,” said Sudiyarov, noting the shift followed years of muted sentiment in the wake of the 2011 Fukushima disaster.

While 2022 marked the initial turning point—spurred by Europe’s energy crisis and an urgent search for stable power sources—it wasn’t until last year that nuclear power fully took center stage.

“In 2022 and 2023, the uranium price story led the narrative, but in 2024, nuclear itself became the headline,” he said, pointing to growing political support and corporate endorsement, including power purchase agreements signed by major US tech firms.

The fund also benefited from its lighter exposure to uranium prices compared to peers, allowing it to outperform during a period of spot price softness. “That combination of strong nuclear sentiment and more resilient positioning helped us attract significant inflows.”

Tracking the MarketVector Global Uranium and Nuclear Energy Infrastructure Index, the fund holds roughly 33 companies across the uranium fuel cycle, reactor technologies, services, and utilities.

The ETF is structured around three distinct pillars, according to Sudiyarov.

“The first pillar is uranium miners and companies in the uranium business,” he said, noting this includes traditional miners as well as firms like Yellow Cake that stockpile physical uranium.

The second category focuses on nuclear pure plays, including small modular reactor (SMR) developers like NuScale (NYSE:SMR) and domestic nuclear fuel producers such as Centrus Energy (NYSE:LEU).

The third pillar was developed to broaden exposure beyond competitors’ uranium-heavy strategies.

“We wanted a more even split,” Sudiyarov explained. “So we decided to tap into industrial conglomerates with significant nuclear business units.”

On the investor side, interest in uranium appears to be growing.

“Last year, I had maybe one or two calls about uranium. This year, I’ve had a lot already,” he said, suggesting rising attention from institutional investors.

Growing political acceptance, especially around energy security and defense, has helped reduce the hesitation seen among more conservative investors.

“Once they realize the theme is back in vogue, they feel more comfortable,” he said.

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

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