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The diplomat refused to be drawn on specifics but reiterated that the crux of the matter remained Iran’s controversial uranium enrichment program and that the talks would focus on “what kind of compromise would be feasible” on that issue.

But enrichment — which Iran says it needs for peaceful purposes, while also manufacturing large quantities of near-weapons-grade material — is a major sticking point, with the Trump administration vowing that any agreement with Iran would have to entirely prohibit the country from enriching any nuclear material.

For decades, Iran, which denies it intends to build a nuclear weapon, has categorically refused to give up its capabilities — instead plowing billions of dollars into refining the technology and constructing vast enrichment facilities, like the secretive Fordow installation, which is built deep underground inside a mountain.

After launching its first wave of strikes on Iran, Israel pointed to a recent report by the International Atomic Energy Agency, which acknowledged Iran is enriching uranium to a higher level than other countries without nuclear weapons programs, in violation of its nuclear non-proliferation obligations.

“Because Iran is now under immense military pressure, it might run out of options, and their nuclear capability is being degraded,” the diplomat said.

Until Trump’s decision to allow diplomacy another shot, the Geneva talks had looked like a European sideshow, with the US seemingly poised to join with Israel in the destruction of Iranian nuclear facilities.

The meeting, between the EU’s foreign policy chief, alongside the British, French and German foreign ministers and their Iranian counterpart, is now taking on greater significance, setting the stage for next steps and possibly acting as a bridge between Iran and the United States.

But there is an underlying fear in Geneva that the reinvigorated talks here, the first formal meetings with Iranian representatives since the escalation of the Israel-Iran conflict, will still go nowhere.

“It’s impossible to read anything Trump says because there is a daily barrage of statements,” the diplomat added.

This post appeared first on cnn.com

Transporting the world’s second largest land mammal halfway across the second largest continent isn’t exactly easy.

But in a 3,400-kilometer (2,100-mile) journey that involved crates, cranes, trucks, and a Boeing 747, 70 captive bred southern white rhinos were moved from South Africa to Rwanda’s Akagera National Park in early June as part of an initiative to “rewild” them.

The creatures, which can weigh over 2,000 kilograms (more than 4,000 pounds), originated from a controversial breeding program started in the 1990s by property developer John Hume.

Hume, who spent years lobbying for the legalization of the rhino horn trade, amassed stockpiles of horn, obtained by trimming them without harming the animals, with the aim of flooding the market to driver poachers out of business and to fund conservation efforts.

But he ran out of money, and with the horn trade still banned under international law, he put the rhinos up for sale in 2023. He told Agence France-Presse (AFP) at the time that he’d spent around $150 million on the project – with surveillance being the largest cost. “I’m left with nothing except 2,000 rhinos and 8,000 hectares (20,000 acres) of land.”

He didn’t receive a single bid. African Parks — a conservation nonprofit that manages 23 protected areas across the continent — stepped in to acquire for an undisclosed sum what was the largest rhino captive breeding operation in the world, with plans to “rewild” the animals over 10 years.

The translocation marked the first cross-continental move for African Parks’ Rhino Rewild initiative.

“It’s a very important milestone,” says Taylor Tench, a senior wildlife policy analyst at the nonprofit Environmental Investigation Agency US, who wasn’t involved in the relocation. “This is definitely a big development with respect to African Parks’ efforts.”

‘A story of hope’

Today, there remain only about 17,000 southern white rhinos in Africa and they’re classified as “near threatened” on the International Union for Conservation of Nature’s Red List. That means the 2,000 southern white rhinos that African Parks bought, and plans to spread around the continent, comprise more than 10% of the remaining population.

Although the international trade of rhino horn has been banned under the Convention on International Trade in Endangered Species (CITES) since 1977, demand from consumers in Asia who see it as a status symbol, or falsely believe it can cure ailments ranging from hangovers to cancer, is still driving poaching.

Poachers sometimes kill a rhino outright, or tranquilize it before cutting off its horn, sometimes hacking off a large portion of the animal’s face, leaving it bleeding to death.

In South Africa, where the majority of the population lives, 420 rhinos were poached in 2024. More than 100 were killed in the first three months of this year.

Tench says that rhino poaching was rampant in the continent from 2012 to 2015, and a “lot has been accomplished since then.” He added that Kenya lost no rhinos last year and that poaching has dropped significantly in Zimbabwe. Today, poaching is mostly concentrated in South Africa and Namibia, he says.

To better address the issue, Tench says more government resources should be dedicated to addressing the organized criminal networks behind the poaching and international trading of rhino horn, and to increased international cooperation.

Rickelton says there are a number of future relocation projects in various stages of discussion and planning. He adds that a strong framework is in place to ensure the locations that receive the rhinos provide a suitable habitat, security to keep the animals safe, and enough funding to care for them.

The move to Akagera National Park took more than a year and a half of planning and approvals. And the cost of moving each rhino, including three years of monitoring and management afterwards, is about $50,000 (the move was backed by the Howard G. Buffet Foundation).

The animals were first moved from the breeding program facility to the South African private game reserve Munywana Conservancy, to expose them to conditions more like Akagera. Then, the rhinos were loaded into individual steel crates, driven to an airport in Durban, South Africa, and carefully loaded by crane onto a Boeing 747.

After arrival in Kigali, Rwanda, the rhinos made the final leg of their journey by road. Now, the rhinos need to adapt to their new environment. They’ll be monitored by a veterinary team for several weeks.

Measures like a canine unit to reduce poaching are in place in Akagera, which has reduced poaching to “near zero” levels, according to the park.

There’s reason for optimism. In 2021, African Parks moved 30 rhinos to Akagera from a private game reserve in South Africa. Since, they’ve had 11 offspring. With the addition of 70 more rhinos, “we’ve now established a genetically viable herd of rhino,” says Rickelton.

He says that seeing the rhinos emerge from their crates at the end of the journey “makes months and months of really hard work and frustration and challenges really worth it.” Rickelton adds: “It’s a story of hope in a world of not too much positive.”

This post appeared first on cnn.com

(TheNewswire)

Heritage Mining Ltd.

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

VANCOUVER, BC TheNewswire – June 19, 2025 Heritage Mining Ltd. (CSE: HML FRA:Y66) (‘ Heritage ‘ or the ‘ Company ‘) is pleased to announce that the board has approved the grant of incentive stock options pursuant to its stock option plan (the ‘ Plan ‘) to certain directors, officers, and consultants to purchase up to an aggregate of 2,925,000 common shares in the capital of the company (the ‘ Options ‘). The Options are exercisable at a price of $0.05 per common share and will expire three years from the date of grant. The Options are subject to the terms of the Plan, the applicable Option agreements and the policies of the Canadian Securities Exchange (‘ CSE ‘).

The Company further announces that it has agreed to settle $76,124 of debt owing to certain consultants, service providers and a director and officer of the Company by issuing an aggregate of 1,522,480 common shares (the ‘ Shares ‘) in the capital of the Company at a deemed price of $0.05 per common share (the ‘ Debt Settlement ‘).

‘We greatly appreciate the support settling current debt for equity as we progress our exploration efforts across all projects in our Ontario Project Portfolio. We also have taken an inclusive effort regarding our option program and have recognized and rewarded valued team members of the Company. We look forward to communicating project findings and conclusions once available in the near future.’ Commented Peter Schloo, President, CEO and Director.

The Debt Settlement is subject to the approval of the Canadian Securities Exchange and all Shares issued pursuant to the Debt Settlement will be subject to a statutory hold period of four (4) months and one (1) day from the date of issuance, in accordance with applicable securities laws and the policies of the CSE. The Debt Settlement will not create a new control person.

The Company believes the Debt Settlement is in the best interest of its shareholders to reduce the amount of accrued indebtedness and improve its financial position.

The issuance of a portion of the Shares pursuant to the Debt Settlement constitutes a Related Party Transaction within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (‘ MI 61-101 ‘), as a company controlled by Peter Schloo, a director and officer of the Company, will receive an aggregate of 166,640 Shares. The Company is relying on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of the related party participation in the Debt Settlement as the fair market value of such related party participation does not exceed 25% of the Company’s market capitalization. The material change report in relation to the related party transactions may not filed more than 21 days before the completion of the Debt Settlement as the Company wished to complete the Debt Settlement as soon as commercially feasible. The disinterested directors of the Company have approved the terms of the Debt Settlement.

ABOUT HERITAGE MINING LTD.

The Company is a Canadian mineral exploration company advancing its two high grade gold-silver-copper projects in Northwestern Ontario. The Drayton-Black Lake and the Contact Bay projects are located near Sioux Lookout in the underexplored Eagle-Wabigoon-Manitou Greenstone Belt . Both projects benefit from a wealth of historic data, excellent site access and logistical support from the local community. The Company is well capitalized, with a tight capital structure.

For further information, please contact:

Heritage Mining Ltd.

Peter Schloo, CPA, CA, CFA

President, CEO and Director

Phone: (905) 505-0918

Email: peter@heritagemining.ca

FORWARD-LOOKING STATEMENTS

This news release contains certain statements that constitute forward looking information within the meaning of applicable securities laws. These statements relate to future events of the Company. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as ‘seek’, ‘anticipate’, ‘plan’, ‘continue’, ‘estimate’, ‘expect’, ‘forecast’, ‘may’, ‘will’, ‘project’, ‘predict’, ‘potential’, ‘targeting’, ‘intend’, ‘could’, ‘might’, ‘should’, ‘believe’, ‘outlook’ and similar expressions are not statements of historical fact and may be forward looking information. All statements, other than statements of historical fact, included herein are forward-looking statements.

Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such risks include, among others, the inherent risk of the mining industry; adverse economic and market developments; the risk that the Company will not be successful in completing additional acquisitions; risks relating to the estimation of mineral resources; the possibility that the Company’s estimated burn rate may be higher than anticipated; risks of unexpected cost increases; risks of labour shortages; risks relating to exploration and development activities; risks relating to future prices of mineral resources; risks related to work site accidents, risks related to geological uncertainties and variations; risks related to government and community support of the Company’s projects; risks related to global pandemics and other risks related to the mining industry. The Company believes that the expectations reflected in such forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward‐looking information should not be unduly relied upon. These statements speak only as of the date of this news release. The Company does not intend, and does not assume any obligation, to update any forward‐looking information except as required by law.

This document does not constitute an offer to sell, or a solicitation of an offer to buy, securities of the Company in Canada, the United States, or any other jurisdiction. Any such offer to sell or solicitation of an offer to buy the securities described herein will be made only pursuant to subscription documentation between the Company and prospective purchasers. Any such offering will be made in reliance upon exemptions from the prospectus and registration requirements under applicable securities laws, pursuant to a subscription agreement to be entered into by the Company and prospective investors.

Copyright (c) 2025 TheNewswire – All rights reserved.

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Highlights

  • Cygnus has received firm commitments totalling A$18.3m via a share placement to institutional and sophisticated investors
  • The Placement was priced at A$0.086 per share, being an 8.5% discount to the last sale price of A$0.094
  • The Placement was extremely well-supported with strong demand from existing and new investors, particularly North American investors, resulting in applications being scaled back
  • The Placement will be split into two tranches:
    • Tranche 1 – unconditional tranche to raise approximately A$18.2m; and
    • Tranche 2 – A$0.1m tranche to a director, subject to shareholder approval
  • Following a highly successful drilling campaign at the flagship Corner Bay deposit and the identification of high-grade gold/copper at the new Golden Eye prospect, the Company is planning a Resource update next quarter
  • Funds from the Placement will be used for Resource growth, Resource conversion, exploration of multiple prospects, permitting and advancing studies
  • Canaccord Genuity and Euroz Hartleys acted as Joint Lead Managers to the Placement.

Cygnus Managing Director David Southam said   : ‘We have been generating outstanding results at Chibougamau and the proceeds of this raising will enable us to unlock the value much faster.

‘There is clearly immense scope to grow and upgrade the project’s resource on the back of Corner Bay and Golden Eye. Given this potential, we want to move as quickly as possible on the exploration front and advance our study work at the same time.

‘This comes against a backdrop of increased M&A activity in the copper space which demonstrates that finding high-grade copper/gold projects with infrastructure in mining friendly jurisdictions are rare – we just happen to have one of the best’.

Cygnus Metals Limited (ASX:CY5) is pleased to advise that it has received commitments from institutional and sophisticated investors to raise A$18.3 million (before costs) through the issue of 212,790,697 fully paid ordinary shares in the Company (‘Shares’) at an issue price of A$0.086 per Share (‘Placement’). Pro-forma cash at bank at 30 June 2025 is forecast to be approximately A$23.7m (before Placement costs).

Use of funds

Proceeds of the Placement are planned to be used at the Chibougamau Copper-Gold Project to cover exploration, resource growth, resource conversion, permitting and advancing studies from the preliminary economic assessment (‘PEA’) previously completed by Doré Copper Mining Corp. in 2022. Other uses include general working capital and costs associated with the Placement.

Note: Cygnus cautions that the PEA is a preliminary technical, conceptual and economic study undertaken by Doré of the initial evaluation and potential development of the Chibougamau Project. It is at scoping study level only, which is based on a lower level of technical assessment that is not sufficient to support the estimation of Ore Reserves and is inherently uncertain. The production targets and forecast financial information disclosed in the PEA are underpinned by Measured Mineral Resources (approximately 1.17%), Indicated Mineral Resources (approximately 32.10%) and Inferred Mineral Resources (approximately 66.73%). However, Cygnus is not able to disclose the outcomes of the PEA as the significant proportion of Inferred Resources included in the Life of Mine means that pursuant to ASX and ASIC guidance there is not considered to be sufficiently reasonable grounds for the production targets and forecast financial information disclosed in the PEA. Accordingly, Cygnus is not disclosing the production targets and forecast financial information reported in the PEA and cautions investors against making investment decisions based on such targets and forecasts.

Placement

Cygnus will undertake the Placement in two tranches:

  • Tranche 1 of 211,627,907 Shares (‘Tranche 1 Shares’) will be conducted using the Company’s existing capacity under ASX Listing Rules 7.1 (126,025,591) and 7.1A (84,925,316) to raise a total of A$18,200,000 (before costs), with settlement expected to occur on 26 June 2025. The first tranche is not subject to shareholder approval.
  • Tranche 2 of 1,162,790 Shares (‘Tranche 2 Shares’) will be issued to Non-Executive Director Raymond Shorrocks or his nominees, subject to shareholder approval, to raise up to an additional A$100,000 (before costs). The second tranche is conditional and will be subject to shareholder approval at a forthcoming General Meeting expected to be held in August 2025.

The issue price represents a discount of 8.5% to the last closing price of A$0.094 on Tuesday, 17 June 2025 and an 11.1% discount to the 15-day VWAP of A$0.097.

Indicative Timetable*

Event Date
Trading Halt lifted Friday, 20 June 2025
Settlement of Tranche 1 Shares Thursday, 26 June 2025
Issue and application for quotation of Tranche 1 Shares Friday, 27 June 2025
General meeting of Cygnus shareholders to approve issue of Tranche 2 Shares Targeting August 2025
Settlement of Tranche 2 Shares Shortly after receipt of shareholder approval

* The above timetable is indicative only and remains subject to change at Cygnus’ discretion, subject to compliance with the Corporations Act, the ASX Listing Rules and other applicable laws. Cygnus reserves the right to change the timetable, subject to regulatory requirements.

David Southam Ernest Mast Media:
Executive Chair President & Managing Director Paul Armstrong
T: +61 8 6118 1627 T: +1 647 921 0501 Read Corporate
E: info@cygnusmetals.com E: info@cygnusmetals.com T: +61 8 9388 1474

About Cygnus Metals

Cygnus Metals Limited (ASX: CY5, TSXV: CYG, OTCQB: CYGGF) is a diversified critical minerals exploration and development company with projects in Quebec, Canada and Western Australia. The Company is dedicated to advancing its Chibougamau Copper-Gold Project in Quebec with an aggressive exploration program to drive resource growth and develop a hub-and-spoke operation model with its centralised processing facility. In addition, Cygnus has quality lithium assets with significant exploration upside in the world-class James Bay district in Quebec, and REE and base metal projects in Western Australia. The Cygnus team has a proven track record of turning exploration success into production enterprises and creating shareholder value.

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After a week of intense speculation about whether President Donald Trump will launch a strike on Iran in support of Israel’s efforts to eliminate the country’s nuclear weapons program, White House press secretary Karoline Leavitt announced there is a ‘substantial chance’ for renewed negotiations.

This comes as Iranian Foreign Minister Abbas Araghchi is reportedly scheduled to meet with European leaders in Geneva Friday.

Speaking with reporters in the White House press briefing room Thursday, Leavitt confirmed U.S. and Iranian officials have engaged in six rounds of direct and indirect negotiations during the conflict with Israel, which broke out June 13.

Leavitt, however, did not say whether U.S. Special Envoy Steve Witkoff, who has been leading the president’s negotiations with Iran, would be present for the meetings in Geneva.

Asked by Fox News Senior White House Correspondent Jacqui Heinrich whether the fact that Iranian officials had found a way to get to Geneva meant they could also get to the White House to engage in negotiations, Leavitt responded: ‘I am not going to get into hypotheticals, but as you heard from the president yesterday, they have expressed interest in doing so.’

Addressing the possibility of the U.S. becoming directly involved in the conflict, Leavitt read a message from the president saying, ‘Based on the fact that there’s a substantial chance of negotiations that may or may not take place with Iran in the near future, I will make my decision whether or not to go within the next two weeks.’

While she said Trump is hoping to find a diplomatic solution to the conflict, she said he has simultaneously been very ‘direct and clear’ that the terms of any deal with the country must include no enrichment of uranium, which would contribute to the Iranian nuclear program the president has long opposed.

She stressed the U.S. faces a serious threat due to Iran’s nuclear program, saying, ‘Iran has never been closer to obtaining a nuclear weapon.’ 

‘Iran has all that it needs to achieve a nuclear weapon. All they need is a decision from the supreme leader to do that,’ said Leavitt. ‘And it would take a couple of weeks to complete the production of that weapon, which would, of course, pose an existential threat not just to Israel, but to the United States and to the entire world.’

Nonetheless, Leavitt said, ‘Iran is absolutely not able to achieve a nuclear weapon. The president has been very clear about that. And, by the way, the deal that Special Envoy Witkoff proposed to the Iranians was both realistic and acceptable within its terms, and that’s why the president sent that deal to them.’

Leavitt emphasized Trump’s stance that Iran ‘can and should make a deal’ to end the conflict or ‘they will face grave consequences.’

‘Iran is in a very weak and vulnerable position because of the strikes and the attacks from Israel,’ she said. ‘We sent a deal to them that was practical, that was realistic.’

According to French outlet RFI, the talks Friday with the Iranians will include French Foreign Minister Jean-Noël Barrot, U.K. Foreign Secretary David Lammy, German Foreign Minister Johann Wadephul and European Union foreign policy chief Kaja Kallas.

The outlet reported Barrot saying, ‘France, Britain and Germany stand ready to bring our competence and experience on this matter’ and ‘we are ready to take part in negotiations aimed at obtaining from Iran a lasting rollback of its nuclear and ballistic missile programs.’

U.S. Secretary of State Marco Rubio met with Lammy Thursday. According to a statement by State Department spokesperson Tammy Bruce, the two discussed the Israeli-Iran conflict and ‘agreed Iran can never develop or acquire a nuclear weapon.

In response to additional questions about potential U.S. negotiations with Iran, a representative for the White House directed Fox News Digital to Leavitt’s comments in the briefing room.

This post appeared first on FOX NEWS

Army Gen. Michael ‘Erik’ Kurilla is no stranger to conflict, especially in the Middle East. 

Two decades ago as a lieutenant colonel, he was at the front lines of combat fighting off insurgents in Mosul, Iraq, while leading the 1st Battalion, 24th Infantry Regiment. The battalion’s mission was to conduct security patrols and coordinate offensive attacks against anti-Iraqi insurgents targeting Iraqi security forces and Iraqi police stations. 

During Kurilla’s tenure leading the battalion, more than 150 soldiers earned the Purple Heart for injuries, and the battalion lost at least a dozen soldiers, The New York Times reported in August 2005. 

‘There will always be somebody willing (to) pick up an AK-47 and shoot Americans,’ Kurilla told The New York Times in August 2005. 

Kurilla did not complete that deployment unscathed. Later, in August 2005, Kurilla found himself caught in a Mosul, Iraq, firefight, where he sustained multiple gunshot wounds, earning him a Bronze Star with valor and one of his two Purple Heart awards. 

Now, Kurilla is facing another battle as the commander of U.S. Central Command, or CENTCOM, serving as the top military officer overseeing U.S. military forces based in the Middle East.

That means Kurilla, who attended the U.S. Military Academy at West Point, is at the forefront of military operations as President Donald Trump contemplates whether to engage in military strikes against Iran’s nuclear sites. 

CENTCOM is one of the U.S. military’s 11 combatant commands and encompasses 21 nations in the Middle East in its area of operations, including Iraq and Afghanistan. 

Those familiar with Kurilla claim he’s the perfect person for the job, and Secretary of Defense Pete Hegseth described Kurilla as an uplifting leader. 

‘General Kurilla is a bold, dynamic, and inspiring leader who strikes fear into the hearts of America’s enemies,’ Hegseth said in a statement Thursday to Fox News Digital. ‘He’s a warrior through and through who always puts his country, mission, and troops first. It has been an honor to serve alongside him in defense of our great nation.’

Retired Army Gen. Mark Milley, the former chairman of the Joint Chiefs of Staff, said in 2022 when Biden nominated Kurilla for the role that Kurilla is the ideal CENTCOM leader. 

‘If there ever was some way to feed into a machine the requirements for the perfect leader of CENTCOM — the character traits, the attributes, the experiences, the knowledge and the personality that would be ideal — that machine would spit out Erik Kurilla,’ Milley said in 2022, according to the Defense Department. ‘Erik’s got vast experience in combat (and) on staffs.

‘He’s a visionary, he’s a thinker and he’s a doer,’ Milley said. ‘He understands both the physical and human terrain and is able to identify root causes of problems and develop systems. He’s not at all a linear thinker. He’s actually a very gifted problem-solver.’

Retired Marine Corps Gen. Frank McKenzie, Kurilla’s CENTCOM predecessor, voiced similar sentiments. 

‘I can’t think of anybody better qualified to lead CENTCOM’s next chapter than Erik Kurilla,’ McKenzie said in 2022, according to the Pentagon. ‘He’s no stranger to the CENTCOM (area of operations). He’s no stranger to the headquarters.’

Notable figures who’ve previously filled the job leading CENTCOM include former defense secretaries, retired Gen. Jim Mattis, who served during Trump’s first term, and retired Gen. Lloyd Austin, who served during former President Joe Biden’s administration.

Fox News Digital reached out to CENTCOM, McKenzie and Milley for comment and did not get a response by the time of publication. 

The region is familiar territory for Kurilla. The general spent a decade between 2004 and 2014 overseeing conventional and special operations forces during consecutive tours in the Middle East that fell under the CENTCOM purview. 

Additionally, Kurilla has served in key CENTCOM staff and leadership positions, including serving as the command’s chief of staff from August 2018 to September 2019. Prior to leading CENTCOM, the general also commanded the 2nd Ranger Battalion, the 75th Ranger Regiment, the 82nd Airborne Division and the XVIII Airborne Corps, according to his official bio. 

In addition to deploying to Iraq as part of Operation Iraqi Freedom and Operation Inherent Resolve, he deployed to Afghanistan with Operation Enduring Freedom. Other awards he’s earned include the Combat Infantryman Badge, awarded to Army infantry or special forces officers who’ve encountered active ground combat. 

Kurilla, who the Senate confirmed to lead CENTCOM in February 2022 and will exit the role later in 2025, told lawmakers on the House Armed Services Committee June 10 that, since October 2023, when Hamas first attacked Israel, American service members have faced increased threats in the region. 

Specifically, he said, U.S. troops have come under direct fire by nearly 400 unmanned aerial systems, 350 rockets, 50 ballistic missiles and 30 cruise missiles launched by Iranian-backed groups. 

He said CENTCOM has encountered the ‘most highly kinetic period than at any other time in the past decade.’

‘We have been at the brink of regional war several times with the first state-on-state attacks between Iran and Israel in their history,’ Kurilla told lawmakers. ‘In the Red Sea, Houthi attempts to kill Americans operating in the Red Sea necessitated an aggressive response to protect our sailors and mariners and restore freedom of navigation. This is while Tehran is continuing to progress towards a nuclear weapons program — threatening catastrophic ramifications across the region and beyond.’ 

As a result, Kurilla said CENTCOM is prepared to use military force to prevent Iran from becoming a nuclear-armed state. Kurilla said he has provided Trump and Secretary of Defense Pete Hegseth a host of options to employ to eliminate the threat of a nuclear Iran. 

Since Kurilla’s testimony, tensions have escalated even further in the Middle East after Israel kicked off massive airstrikes against Iran’s nuclear sites that Israel claims have killed several high-ranking military leaders. Likewise, Iran also launched strikes against Israel as the two ramp up military campaigns against one another.

Trump is still navigating whether the U.S. will conduct direct strikes against Iran. Trump told reporters he may order strikes targeting Iranian nuclear sites and that the ‘next week is going to be very big.’

‘Yes, I may do it. I may not do it. I mean, nobody knows what I’m going to do,’ Trump said. ‘I can tell you this, that Iran’s got a lot of trouble, and they want to negotiate.’ 

This post appeared first on FOX NEWS

Investor Insight

With a strategic foothold in Portugal and a commodity focus on tungsten – a metal deemed critical by both NATO and US defense agencies – Allied Critical Minerals is advancing two past-producing projects toward near-term production. Backed by a $4.6 million financing, offtake interest from major buyers, and a leadership team with proven capital markets and operational success, ACM is well-positioned to become the largest tungsten producer outside of China.

Overview

Allied Critical Minerals (CSE:ACM,FSE:0VJ0) is advancing two highly strategic, past-producing tungsten projects – Borralha and Vila Verde – located in northern Portugal. These brownfield assets present a compelling combination of near-term production potential and district-scale exploration upside, positioning the company to become the largest tungsten producer outside of China. With 100 percent ownership of both projects and supportive local communities, ACM is well-placed to contribute to the critically needed supply of this strategic metal to Western markets.

Tungsten is essential for defense systems, electric vehicles, semiconductors and artificial intelligence (AI), yet current global supply is dominated by China and Russia, accounting for about 90 percent of production. ACM’s projects are aligned with national security strategies in the US and EU, seeking secure and stable sources of tungsten supply. The company has already signed a letter of intent with Global Tungsten & Powders, a major Pennsylvania-based end-user with ties to the US military and is actively engaging with other global refineries.

To capitalize on these market dynamics, ACM closed a $4.6 million financing to fund an aggressive value creation plan. This includes an ongoing drill program at Borralha aimed at expanding its existing NI 43-101 resource, and the construction of a pilot processing facility at Vila Verde, targeted to begin in Q4 2025 and become operational by 2026. The pilot plant will process tailings and alluvial material from existing deposits, with an estimated annual output of ~250 tons tungsten trioxide (WO₃) and projected revenues of $4 million to $5 million, supporting near-term cash flow with minimal dilution.

ACM differentiates itself from competitors such as American Tungsten and Fireweed through its permitting progress, advanced technical groundwork and strong leadership. CEO Roy Bonnell brings a proven track record of successful exits and rapid value creation, having been instrumental in the success of both Founders Metals (TSXV:FDR) and Thesis Gold (TSXV:TAU) — two of the TSX Venture’s top-performing issuers in recent years.

Company Highlights

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

Key Projects

Borralha Tungsten Project

The Borralha project is ACM’s flagship development-stage asset, located approximately 100 km northeast of Porto in northern Portugal. A brownfield project with a rich production history dating back to 1904, Borralha produced over 10,280 tons of wolframite concentrate at an average grade of 66 percent WO₃, until operations ceased in 1986. Today, the project is advancing rapidly, supported by a Mining Rights Concession License and a newly updated NI 43-101 compliant resource estimate effective July 31, 2024. The estimate defines indicated resources of 4.98 million tons (Mt) at an average grade of 0.22 percent WO₃, 762 grams per ton (g/t) copper, and 4.8 g/t silver, and inferred resources of 7.01 Mt at 0.20 percent WO₃, 642 g/t copper, and 4.4 g/t silver. The project area hosts significant polymetallic enrichment, with tin and copper frequently associated with the tungsten mineralization, adding potential for by-product credits.

The primary zone of interest, the Santa Helena Breccia (SHB), is a subvertical to sub-horizontal breccia pipe-style tungsten system. Historical and recent drilling confirms broad, continuous mineralization with highlight intercepts including 106 m at 0.21 percent WO₃, 114 m at 0.23 percent WO₃, 108 m at 0.22 percent WO₃, and a high-grade zone of 10 m at 1.75 percent WO₃.

The SHB zone accounts for over 70 percent of known mineralization, but only about half of the zone has been drill-tested to date. The current drill campaign is targeting both lateral extensions and higher-grade core zones within the breccia body.

Geologically, the deposit is hosted in metasedimentary rocks intruded by late-Variscan granites, with mineralization occurring predominantly as wolframite associated with quartz-cassiterite veins and breccia infill. Breccia pipe mining techniques – similar to open-pit quarry operations – are anticipated for early-stage exploitation.

The project is currently undergoing an environmental impact assessment under review by Portuguese authorities. The mining license includes provisions for up to 150,000 tons per annum of bulk sampling ahead of full-scale operations, which will be governed by a future feasibility study. The low-cost drill environment (~$235/meter) and excellent infrastructure – including road, power, water and proximity to a skilled workforce – make Borralha a technically robust and strategically significant asset for ACM.

Vila Verde Tungsten-Tin Project

Located approximately 45 km southeast of Borralha, the Vila Verde project is ACM’s pilot production and near-term cash flow opportunity. Historically, this area hosted the Vale das Gatas Mine, which was one of Portugal’s largest tungsten producers prior to its closure in 1986. The project covers a significantly larger land area than Borralha and includes multiple mineralized zones, notably Cumieira and Porqueira. A historical resource estimate from 2020 defined 7.3 Mt of mineralized material above a 0.05 percent WO₃ cutoff, including 4.0 Mt at 0.14 percent WO₃ in the Cumieira zone and 3.3 Mt at 0.10 percent WO₃ in Porqueira. While historical in nature, these figures are supported by 17 diamond drill holes totaling 2,103 metres, which revealed a 2.1 km x 1.0 km mineralized footprint at Cumieira and a 1.0 km x 500 m footprint at Porqueira.

Vila Verde Pilot Plan

Vila Verde is advancing toward the construction of a 150,000-ton-per-annum pilot plant, scheduled to begin construction in Q4 2025 and be operational in 2026. Tailings and alluvial material from the Justes deposit will be used as the initial feedstock, with an average WO₃ grade of ~0.21 percent anticipated. Plant design includes standard crushing and grinding circuits followed by gravimetric and magnetic separation to produce a high-grade wolframite concentrate. Engineering work by GMR Consultores and MinePro Solutions supports an annual output of approximately 250 tons of WO₃ under current parameters. The total estimated CAPEX for the pilot plant is CA$7.9 million, with a proposed expansion to 300,000 tpa requiring an additional CA$2.9 million, both targeted for non-dilutive funding sources.

Permitting is progressing efficiently, with the mineral license being converted from exploration to experimental mining status. This permits early-stage production while full-scale licensing is pursued. The project benefits from pre-existing quarry infrastructure, strong community support, and short timelines to cash flow. A signed LOI with Global Tungsten & Powders in Pennsylvania provides an initial offtake channel, and additional negotiations with global refiners are ongoing. Vila Verde is central to ACM’s short-term revenue plan and is designed to serve as a testbed for scalable production across its broader tungsten portfolio.

Management Team

Roy Bonnell – CEO and Director

Roy Bonnell is a seasoned executive with over 30 years in capital markets, venture finance and natural resources. Bonnell holds an LLB from Western University, an MSc from the London School of Economics, and an MBA from McGill University. He brings deep leadership and financing experience and previously served as a board member for Founders Metals and Thesis Gold – two of the TSXV’s top performers.

João Barros – President and COO

With over 20 years of mining sector experience in Portugal, João Barros specializes in exploration management, environmental impact assessments and feasibility studies. He has held leadership roles at Ascendant Resources and Redcorp, and is a member of the Portuguese Engineers Association.

Sean O’Neill – Non-Executive Chairman

Sean O’Neill is head of securities at Boughton Law with 20+ years in corporate and securities law, including advising mining firms globally. He holds degrees in Chemical Engineering and Law, an MBA, and is a registered professional engineer (P.Eng).

Michael Galego – Director

Michael Galego is the CEO of Apolo Capital Advisory and CLO of LNG Energy, with extensive experience in M&A and corporate strategy. Notably, he advised on the sale of Woulfe Mining (tungsten asset) to Almonty Industries. He is a Lexpert Top 40 Under 40 awardee and member of the TSX Venture Advisory Committee.

Colin Padget – Director

CEO of Founders Metals, Colin Padget brings operational exploration experience across South America. He holds a Masters in Geology and a Bachelor in Business Administration.

Andrew Lee – Director and Corporate Secretary

Former Managing Director of York Harbour Metals, Andrew Lee has 15 years of global exploration experience across gold and phosphate projects in Ecuador and West Africa.

Sean Choi – CFO

A CPA with nearly 20 years in mining finance, Sean Choi has held CFO roles at York Harbour Metals, Ecuador Gold & Copper, and Northern Sun Mining. He holds a degree from the Western University.

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As hostilities continue to rage between Israel and the Islamic Republic of Iran, U.S. Ambassador to the Jewish state Mike Huckabee has indicated work is underway to provide options for Americans who want to evacuate.

‘American Citizens wanting to evacuate Israel: Sign up at https://mytravel.state.gov/s/step to be on list. We’re working to get military, commercial, charter flights & cruise ships for evac. If you’re offered a seat, take it. Family in Israel? Tell them stay close to shelter & don’t ignore sirens!’ Huckabee noted in a post on X.

Like prior notices in recent days, the U.S. Embassy in Israel noted in a June 19 security alert it is directing all U.S. government employees and their families to keep sheltering in place.

‘We will alert the U.S. citizen community if there is additional information to share regarding departure options,’ the notice states. ‘If you are a U.S. citizen or Lawful Permanent Resident currently in Israel or the West Bank and seeking U.S. government assistance to depart, please complete this form so the Department of State can better assist you and provide you with timely updates: https://mytravel.state.gov/s/crisis-intake.’

The notice explained that, in the event the government provides assistance to Americans seeking to leave Israel, travelers would be expected to repay Uncle Sam but would not be required to pay up front before departing Israel. 

‘If the U.S. government provides departure assistance from Israel, options would most likely include travel to a nearby, safe country. We do not provide direct travel to the United States. You will be responsible for your onward travel after arriving in the nearby, safe country. Consular officers will be available to assist you on arrival with consular services, including a loan to repatriate to the United States if you wish to do so and qualify,’ the notice explains.

Netanyahu accuses Iran of intentionally targeting Israeli hospital

‘If the U.S. government provides departure assistance from Israel, you do not need to pay before you board, but you will be expected to sign a promissory note to repay the U.S. government. We will tell you the estimated amount you will be expected to repay before you travel. Pets cannot accompany you,’ it also notes.

Another security alert issued Thursday noted, ‘The Department of State is always planning for contingencies to assist with private U.S. citizens’ departure from crisis areas. We will alert the U.S. citizen community if there is additional information to share regarding departure options. U.S. citizens should enroll in the Smart Traveler Enrollment Program to receive the latest updates.’

Israeli minister of foreign affairs says Iran committed war crimes

President Donald Trump has not ruled out the possibility of American military intervention to help Israel stamp out Iranian efforts to develop nuclear weapons.

‘AMERICA FIRST means many GREAT things, including the fact that, IRAN CAN NOT HAVE A NUCLEAR WEAPON. MAKE AMERICA GREAT AGAIN!!!’ he declared in a Truth Social post Monday.

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Several Boeing 747s have been spotted on radar leaving China for Iran over the last week, according to reports, sparking concerns that the CCP is helping the Middle Eastern nation transport cargo or people out of the country as Israel continues to strike the country’s nuclear facilities. 

Starting on June 14th, FlightRadar24 shows that at least five flights traveled from China to Iran, and The Telegraph reported that the ‘mystery transport planes’ had flown westward along northern China before crossing into Kazakhstan, south through Uzbekistan and Turkmenistan, and then fell off radar as they approached Iran. 

Additionally, the report indicated that the flights had a final destination of Luxembourg but don’t appear to have ever crossed into European airspace.

Some experts have speculated that these types of planes are typically used for transport and could be evidence of China aiding its longtime ally Iran during the conflict with Israel, although Fox News Digital has not independently confirmed the nature of the flights. 

‘I think it’s important to remember what the relationship is, forty-three percent of China’s oil and gas comes from the Middle East, a large volume of that from Iran,’ Robert Greenway, director of the Heritage Foundation’s Center for National Defense, told ‘The Ingraham Angle’ on Wednesday night. 

‘It likes to buy sanctioned oil below market value, and that fuels the Chinese economy and also its military ambitions, and so, that’s the central relationship. They’ve been relatively quiet – in fact, extremely quiet – about the current conflict and coming to Iran’s assistance. We also know that a large fire in Bandar-Bas port was Chinese solid propellant for missiles that exploded and created a tremendous amount of damage just about a month ago. I think it’s unlikely to see Chinese arms shipments under the circumstances to Iran. It’s more likely that Iran may be removing material or personnel or regime valuables to safe haven in light of the conflict. I think that’s probably the extent to which China is willing to accept the risk associated with the current circumstances.’

In 2021, Fox News Digital reported that Tehran and Beijing signed a 25-year cooperation deal amidst great fanfare in the Iranian capital. University of Tehran Professor Mohammad Marandi, who is close to the regime, told Fox News that it is about much more than what’s on paper. 

‘This strategic partnership is important because it allows Iran and China to build a roadmap for long-term relations that will be much more fruitful,’ he said. ‘It’s also a signal being sent to the United States. The more the U.S. tries to isolate Iran and China, the more it causes countries like Iran and China to move more closely to each other.’

Some have cast doubt on the flights representing a nefarious connection between the two nations, including Atlantic Council fellow Tuvia Gering who posted on X that an aviation expert told him the flights are ‘nothing to write home about.’ 

‘There are regular cargo flights by the Luxembourg-based freight company from several locations in China to Europe, with a stopover in Turkmenistan (just a few dozen kilometers from the Iranian border),’ Gering wrote. 

‘Some flight tracking websites lose the tracking signal shortly before landing and continue to show a projected route that appears to enter Iranian airspace. The sites clearly indicate that this is an estimated path; checking the aircraft tail numbers shows they take off again from Turkmenistan a few hours later, and reviewing the flight history of these routes shows they always land in Ashgabat and do not continue into Iran. All this is before even considering the obvious logic that a major European cargo company is highly unlikely to be the channel through which China transfers its super-advanced, top-secret strategic weapons to Iran.’

Tensions between Iran and Israel have escalated significantly in recent days, with the United States contemplating whether it will get directly involved in striking Iran. President Donald Trump has repeatedly said that Iran cannot have a nuclear weapon, and he is expected to meet with national security and defense leaders again on Thursday. 

‘Yes, I may do it. I may not do it. I mean, nobody knows what I’m going to do. I can tell you this that Iran’s got a lot of trouble, and they want to negotiate,’ Trump said Wednesday. 

‘And I said, why didn’t you negotiate with me before all this death and destruction? Why didn’t you go? I said to people, why didn’t you negotiate with me two weeks ago? You could have done fine. You would have had a country. It’s very sad to watch this,’ the president added.

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