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The simultaneous listing of the xU3O8 token across major cryptocurrency trading venues: KuCoin, MEXC, and Gate.com has been announced today. This multi-platform launch marks a significant milestone in real-world asset (RWA) tokenization, bringing institutional-grade uranium investment to a combined user base of over 115 million traders worldwide.

The xU3O8 token represents fractional ownership of physical uranium ore concentrate (yellowcake) stored with Cameco in regulated facilities. This breakthrough democratizes access to the uranium market, which previously required minimum investments of 100,000 lbs (approximately $7.2 million) and specialized broker relationships, effectively limiting participation to institutional investors and large corporations.

The coordinated listing across leading trading venues ensures maximum accessibility and liquidity for xU3O8 tokens:

  • KuCoin, trusted by over 41 million users across 200+ countries, provides comprehensive trading services including spot, margin, options, and futures. As a pioneering technology platform, KuCoin is committed to user-centric principles and making cryptocurrency accessible to everyone, resonating with xU3O8’s goal of breaking down traditional investment barriers.
  • MEXC, founded in 2018 and serving 36 million global users, has demonstrated remarkable growth with a 143% increase in spot trading volume and 118% jump in futures trading volume throughout 2024. Known for making crypto “simple, accessible, and rewarding,” MEXC’s user-friendly platform aligns perfectly with xU3O8’s mission to democratize uranium investment.
  • Gate.com, one of the world’s top 3 cryptocurrency exchanges by real trading volume with over 32 million users, brings institutional-grade security and supports 3,600+ digital assets. As an industry pioneer committed to 100% reserve holdings, Gate.com provides the robust infrastructure needed for tokenized commodities.

The listing comes at a pivotal moment for uranium markets. According to the World Nuclear Association, uranium demand is projected to increase 28% by 2030 and 51% by 2040, driven by global decarbonization efforts, energy security concerns, and the rapid expansion of AI infrastructure requiring reliable baseload power. The uranium market already faces a significant supply-demand imbalance, with global production in 2024 at approximately 155 million lbs falling short of current demand at 197 million lbs, creating a deficit of over 40 million lbs per year, without accounting for additional reactors coming online

The multi-platform listing eliminates traditional barriers that have kept uranium investment exclusive. Investors can now start with any amount instead of millions of dollars, benefit from instant blockchain settlement versus 14-30 day traditional settlement cycles, and access global trading 24/7 from anywhere versus limited OTC market hours. xU3O8 provides complete on-chain visibility versus opaque traditional markets and enables continuous trading across multiple venues versus limited OTC liquidity.

The RWA tokenization market is projected to reach $16 trillion by 2030, with commodities representing a significant portion of this growth. xU3O8’s multi-platform listing provides a blueprint for how traditional commodity markets can be revolutionized through blockchain technology.

Built on Tezos blockchain technology via Etherlink, xU3O8 leverages a sophisticated smart contract architecture. The primary layer tracks physical uranium holdings while the secondary layer manages fractional ownership. xU3O8 trading is now live across all trading venues, with users able to access detailed market data, trading charts, and educational resources through each platform’s interface. The coordinated launch ensures optimal liquidity and price discovery across global markets.

Click here to connect with xU3O8 to receive an Investor Presentation

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Glencore (LSE:GLEN,OTC Pink:GLCNF) is preparing to shut down its final two Australian copper mines next week, ending more than six decades of upstream operations in Queensland.

The closure of the underground Enterprise and X41 mines in Mount Isa comes as uncertainty grows over the future of the adjacent copper smelter, which the company says could also be shut down without urgent government support.

The Swiss commodities giant first announced its plan to end mining operations in October 2023, citing declining ore grades and mounting financial losses.

The decision also coincides with Glencore’s sale of its Lady Loretta zinc mine and nearby landholdings to Austral Resources (ASX:AR1), further reducing its footprint in the region.

At the center of the company’s remaining copper assets is the Mount Isa smelter, which processes over one million tons of copper concentrate annually from across Australia, including from BHP (ASX:BHP,NYSE:BHP,LSE:BHP,OTC:BHPLF)Olympic Dam in South Australia.

But that smelter’s future now hangs in the balance. According to an internal staff memo obtained by local media, Glencore warned that without federal and state support, the Mount Isa smelter and Townsville copper refinery will be placed into care and maintenance, putting thousands of direct and indirect jobs at risk.

“To date Glencore has been absorbing losses hopeful that a viable solution could be found,” wrote Troy Wilson, Glencore’s interim chief operating officer in North Queensland, in a message to employees.

He noted that the company is engaged with the Queensland and Australian governments but has yet to secure a funding commitment.

A final decision on the smelter is expected by the end of September.

Thousands of local jobs at risk

The potential shutdown could also have wide-reaching consequences for the regional economy.

While the smelter and refinery directly employ about 550 workers, industry group Townsville Enterprise estimates that as many as 17,000 jobs in the region are tied to the copper supply chain and related businesses.

That includes equipment suppliers, service contractors, and downstream manufacturers.

Roland Lobegeiger, a field services manager at Isadraulics in Mount Isa, said the loss of the smelter would be devastating for the town. “Without it, the town’s not going to be here,” he told news.com.au.

“There are other mines — there would be other work in the area, but would the town recover? It’s hard to say,” he added.

The company’s struggle to keep its Queensland operations afloat comes at a time when global smelting margins are being squeezed by Chinese overcapacity.

In May, Bloomberg reported that Chinese smelters matched their record for refined copper production, producing 1.254 million tonnes despite plummeting treatment and refining charges, which are the fees miners pay smelters to process raw ore.

Beijing has allowed massive expansion in smelting capacity to support its clean energy sector, which depends heavily on copper.

Chinese smelters, many of which are state-owned, now produce more than half the world’s refined copper and are often shielded from financial distress by subsidies and state backing. That advantage has fueled growing frustration among non-Chinese producers.

“Unfortunately, it’s no longer a level playing field with our competitors in China heavily subsidised by government, which means they produce copper metal at much lower cost,” Wilson said in June.

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

This post appeared first on investingnews.com

U.S. District Judge James Boasberg pressed Justice Department officials Thursday on the status and location of more than 250 U.S. migrants deported from CECOT to Venezuela, in an attempt to weigh what, if any, opportunities the court has to order their return.

Boasberg has been at the center of the sweeping immigration case since March 15, when he issued an emergency order blocking the Trump administration’s use of the Alien Enemies Act, a 1798 wartime immigration law, to deport certain migrants to El Salvador. Despite the order, hundreds of migrants were deported to the Salvadorian prison, CECOT, in March, where they remained until last week, when they were sent from the prison in El Salvador to Venezuela, as part of a prisoner exchange with the U.S. 

Boasberg used Thursday’s hearing to primarily focus on the status of the 252 Venezuelan migrants now in the custody of Venezuelan President Nicolas Maduro’s government. He pressed ACLU lawyer Lee Gelernt, who is representing the class of CECOT migrants, about whether they had been in contact with the individuals sent from CECOT to Venezuela and their current status.

Gelernt said Thursday that while the migrants appear to be ‘thrilled’ to be out of CECOT custody, which he described in court as a ‘torture chamber,’ he said they have not been able to make contact with the majority of people who were detained for processing upon arrival in Venezuela.

He also cited fresh concerns about their custodial status in the country, noting that ‘many, if not most’ of the people deported from the U.S. to El Salvador in March had been in the U.S. seeking asylum from Venezuela. 

The Trump administration has not provided, as of this writing, a list of the migrants sent to CECOT in March, or details of their immigration status in the U.S. prior to removal. 

Justice Department lawyer Tiberius Davis told the court earlier Thursday that talks about the prisoner exchange began earlier this year, when Maduro reached out to Salvadoran President Nayib Bukele to initiate discussions. The conversations abruptly stalled, he said, noting the two countries ‘hate each other,’ and revived with the U.S. as an intermediary.

That, he said, coupled with the fact that the 10 American prisoners released from Venezuela were sent to El Salvador, and then to the U.S., showed that the US ‘does not have constructive custody.’ Boasberg did not press them for specifics.

Boasberg did, however, attempt to gauge the government’s compliance ahead of any future actions or rulings.

Asked Thursday whether the Justice Department would comply with the court’s orders, Davis said they would ‘if it was a lawful order.’ They also said they would likely seek an appeal from a higher court.

Boasberg signaled eagerness to move on further contempt proceedings. He took umbrage at the lack of action from the U.S. Court of Appeals for the D.C. Circuit, which had stayed his original motion in April. 

He ruled then that the court had found ‘probable cause’ to hold the Trump administration in contempt for failing to return the planes to U.S. soil, in accordance with his emergency order, and said the court had determined that the Trump administration demonstrated a ‘willful disregard’ for his order.

On Thursday, he revisited this, noting that the claims made by former DOJ attorney and whistleblower Erez Reuveni have ‘only strengthened the case for contempt.’

The hearing ultimately ended quickly, with Boasberg ordering the government and lawyers for the migrants to submit a joint status update to the court on Thursday, Aug. 7, and ordered them to continue to do so every two weeks thereafter until the court rules otherwise.

In June, Boasberg ordered the Trump administration to provide all noncitizens deported from the U.S. to a maximum-security prison in El Salvador to be afforded the opportunity to seek habeas relief in court, and challenge their alleged gang status. That was also appealed to the higher court.

Speaking to reporters outside the court on Thursday, ACLU lawyer Lee Gelernt characterized the Trump administration’s response during the status hearing as ‘the least’ of what they should be expected to do to grant due process to the class of CECOT plaintiffs now in Venezuela.

 ‘Given that there was a constitutional violation, it’s remarkable that the United States government will not simply bring the individuals back without a court order,’ Gelernt told Fox News. 

‘I’ve been doing this work for more than 30 years,’ he said. ‘It’s hard for me to imagine any prior administration, Democrat or Republican, not agreeing to simply bring individuals back where there was constitutional violation and the individuals have suffered so much and are continuing to be in harm.’

The brief hearing comes as Boasberg found himself at the center of Trump’s ire and attacks on so-called ‘activist’ judges this year, following his March 15 temporary restraining order that sought to block Trump’s use of the Alien Enemies Act to quickly deport hundreds of Venezuelan nationals to El Salvador earlier this year.

Boasberg ordered all planes bound for El Salvador to be ‘immediately’ returned to U.S. soil, which did not happen. 

The emergency order touched off a complex legal saga that ultimately spawned dozens of federal court challenges across the country – though the one brought before his court on March 15 was the very first – and later prompted the Supreme Court to rule, on two separate occasions, that the hurried removals had violated migrants’ due process protections under the U.S. Constitution.

Boasberg, as a result, has emerged as the man at the center of the legal fallout.

While the order itself has been in a bit of a holding pattern – since the U.S. Circuit Court of Appeals stayed it when they agreed to review the ruling – Thursday’s hearing may well revive the bitterly divisive court fight.

Trump administration officials have repeatedly excoriated Boasberg as an ‘activist judge’ – a term they have employed for judges who have either paused or blocked Trump’s sweeping policy priorities enacted via executive order. Trump himself floated the idea that Boasberg could be impeached earlier this year – prompting Supreme Court Chief Justice John Roberts to issue a rare public warning.

‘Such was the situation into which Frengel Reyes Mota, Andry Jose Hernandez Romero, and scores of other Venezuelan noncitizens say they were plunged on March 15, 2025,’ Boasberg said.

Thursday’s hearing comes amid a flurry of new reports and allegations filed by plaintiffs in the case in an effort to reopen discovery.  

This post appeared first on FOX NEWS

Ceasefire negotiations between Israel and the Hamas terrorist organization hit a setback Thursday, as Prime Minister Benjamin Netanyahu recalled Israel’s negotiating delegation from Doha following what officials described as a hardening of Hamas’ demands.

‘In light of the response Hamas delivered this morning, it has been decided to recall the negotiating team for further consultations in Israel,’ the Prime Minister’s Office said in a statement. ‘We appreciate the efforts of the mediators, Qatar and Egypt, and the efforts of envoy Steve Witkoff to achieve a breakthrough in the talks.’

According to reports in Israeli media, the terror group is now demanding the release of 200 Palestinians serving life sentences for murdering Israelis, and an additional 2,000 Palestinians detained in Gaza after Oct. 7. That demand significantly exceeds the previous mediator-backed framework – reportedly accepted by Israel – which included the release of 125 life-term prisoners and 1,200 other detainees.

Witkoff announced on X that his team is returning from Doha ‘for consultations after the latest response from Hamas, which clearly shows a lack of desire to reach a ceasefire in Gaza.’ 

He praised the mediators’ efforts but said, ‘Hamas does not appear to be coordinated or acting in good faith.’ Witkoff added, ‘We will now consider alternative options to bring the hostages home and try to create a more stable environment for the people of Gaza,’ calling it ‘a shame that Hamas has acted in this selfish way.’

‘The return of the delegation is not a collapse or a crisis, but the gaps are significant and present across all core issues,’ a senior Israeli official told Channel 12. Another official confirmed to U.S. Middle East envoy Steve Witkoff that Hamas’ updated prisoner exchange terms are ‘unacceptable.’

A joint statement by 25 countries condemning Israel’s conduct in Gaza may have further complicated already fragile ceasefire negotiations, Israeli officials suggested. In response to the condemnation, Israel’s Foreign Ministry issued a sharply worded statement, warning, ‘At these sensitive moments in the ongoing negotiations, it is better to avoid statements of this kind.

‘Israel rejects the joint statement published by a group of countries, as it is disconnected from reality and sends the wrong message to Hamas.’ The ministry added that ‘all statements and all claims should be directed at the only party responsible for the lack of a deal for the release of hostages and a ceasefire: Hamas, which started this war and is prolonging it.’ 

Hostage families expressed deep concern about the breakdown in negotiations. ‘The families are watching with concern as reports emerge about the negotiating team’s return,’ the Hostages and Missing Families Forum said in a statement. ‘Every day that passes endangers the hostages’ chances of recovery and the ability to locate the dead. Another missed opportunity to bring everyone home would be unforgivable – a moral, security, and diplomatic failure.’

The negotiations, which have dragged on for weeks, are part of a proposed U.S.-backed deal involving a 60-day ceasefire in exchange for the release of some 50 remaining Israeli hostages, a phased release of Palestinian prisoners and expanded humanitarian aid to Gaza.

Hamas is also demanding that Israeli troops withdraw to positions held before March 2, when the last ceasefire collapsed, and that the Rafah crossing between Gaza and Egypt reopen in both directions. The group further opposes the newly established U.S.-backed Gaza Humanitarian Fund, demanding that aid distribution return to the previous U.N.-supervised mechanism.

A Hamas official told Reuters the group is insisting on a return to a Jan. 19 protocol for aid entry, and that ceasefire negotiations must include a clause preventing Israel from resuming military operations after the 60-day truce – even if a broader deal is not reached.

At the center of the deadlock is the growing humanitarian crisis. The U.N. and international aid groups warn that hundreds of thousands of people in Gaza face severe food insecurity. It is claimed that civilians in the north have been forced to survive on animal feed and foraged plants, while chaotic aid distributions in the south have repeatedly turned deadly.

In response to mounting pressure, Israel is visibly increasing the pace of aid deliveries. On Thursday, COGAT (Coordinator of Government Activities in the Territories) reported that 70 aid trucks were transferred into Gaza on Wednesday through the Zikim and Kerem Shalom crossings. The shipments, primarily food, were delivered under IDF coordination with the U.N. and humanitarian organizations.

COGAT said more than 150 trucks were collected inside Gaza, but warned that over 800 trucks remain uncollected at the crossings due to logistical breakdowns on the Palestinian side.

The Gaza Humanitarian Foundation (GHF) stated on X that it offered on Wednesday to deliver the U.N.’s tons of aid sitting in Gaza for free. John Acree, GHF’s interim director, said, ‘We’ve seen aid by the U.N. and other organization(s) being piled near the borders but not being delivered.’

Israeli journalist Nadav Eyal reported Thursday that senior defense officials say they’ve been instructed by the political echelon to ‘greatly speed up the entry of humanitarian aid into Gaza’ and to ‘be less concerned with precautions or plans to keep it out of Hamas’ hands.’

As talks stall and military activity resumes, Israeli officials warn that the window for a deal may be closing. ‘There are still significant gaps,’ one source told Channel 12. ‘The negotiations are not over – but time is running out.’

 

This post appeared first on FOX NEWS

The White House is claiming that Russia was attempting to sow ‘distrust and chaos,’ even as reports from the Office of the Director of National Intelligence suggest the Obama administration ‘manipulated’ Russian interference to undercut Trump’s win in 2016. 

Press secretary Karoline Leavitt was asked about whether Secretary of State Marco Rubio’s position when he led the Senate Intelligence Committee fell in line with the Office of the Director of National Intelligence’s new findings. 

‘He said what they found is troubling,’ Leavitt said, while standing beside Director of National Intelligence Tulsi Gabbard at a Wednesday White House press briefing. ‘We found irrefutable evidence of Russian meddling, which the director of national intelligence just confirmed for all of you that Russia was trying to sow distrust and chaos.’ 

‘What’s the outrage in this – that Secretary Rubio did not say at the time, the Democrats were saying at the time – is the fact that the intelligence community was concocting this narrative that the president colluded with the Russians, that the president’s son was holding secret meetings with the Russians, all of these lies that were never true,’ she continued. 

In 2020, the Senate Intelligence Committee, led by then-Sen. Rubio, released a report finding ‘irrefutable evidence’ of Russian interference in the 2016 election. Now, Gabbard claims Obama officials manipulated intelligence to undermine Trump’s victory by playing up Russia’s actions during the 2016 election. 

But, Rubio said at the time, ‘We can say, without any hesitation, that the Committee found absolutely no evidence that then-candidate Donald Trump or his campaign colluded with the Russian government to meddle in the 2016 election.’

He added that the report had found ‘deeply troubling actions’ on behalf of the FBI, ‘particularly their acceptance and willingness to rely on the ‘Steele Dossier’ without verifying its methodology or sourcing.’

The Steele dossier was funded by Hillary Clinton’s presidential campaign and the Democratic National Committee through the law firm Perkins Coie.

Documents recently released by Gabbard found intelligence showing Russian actors did not impact the 2016 election had been ‘suppressed.’ 

The Obama administration ‘manufactured and politicized intelligence’ to create the narrative that Russia was attempting to influence the 2016 presidential election, despite information from the intelligence community stating otherwise, Gabbard claimed.

Gabbard also said the declassified documents have been shared with the Department of Justice and the FBI so those agencies can evaluate if any criminal implications stemming from the materials are warranted. 

Obama spokesperson Patrick Rodenbush responded to the DNI claims: ‘Out of respect for the office of the presidency, our office does not normally dignify the constant nonsense and misinformation flowing out of this White House with a response. But these claims are outrageous enough to merit one. These bizarre allegations are ridiculous and a weak attempt at distraction.’

‘Nothing in the document issued last week undercuts the widely accepted conclusion that Russia worked to influence the 2016 presidential election but did not successfully manipulate any votes. These findings were affirmed in a 2020 report by the bipartisan Senate Intelligence Committee, led by then-Chairman Marco Rubio,’ he added. 

Rubio’s office referred Fox News Digital to Leavitt’s comments. 

Documents stated that intelligence officials had found Russia was ‘probably not trying… to influence the election by using cyber means.’

One instance was on Dec. 7, 2016, weeks after the election. Then-Director of National Intelligence James Clapper’s talking points stated: ‘Foreign adversaries did not use cyberattacks on election infrastructure to alter the U.S. presidential election outcome.’

A presidential daily brief prepared for President Barack Obama in 2016 assessed: ‘Russian and criminal actors did not impact recent US election results by conducting malicious cyber activities against election infrastructure.’

But, the brief found, ‘Russian Government-affiliated actors most likely compromised an Illinois voter registration database and unsuccessfully attempted the same in other states.’

The brief stated that it was ‘highly unlikely’ the effort ‘would have resulted in altering any state’s official vote result.’ 

‘Criminal activity also failed to reach the scale and sophistication necessary to change election outcomes,’ it stated. 

The brief said the office of the Director of National Intelligence assessed Russian activities ‘probably were intended to cause psychological effects, such as undermining the credibility of the election process and candidates.’ 

Obama officials then ‘leaked false statements to media outlets,’ according to Gabbard’s office, claiming, ‘Russia has attempted through cyber means to interfere in, if not actively influence, the outcome of an election.’

Fox News Digital’s Brooke Singman contributed to this report. 

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Former White House chief of staff Ron Klain is cooperating with congressional investigators seeking information into former President Joe Biden’s mental health during his time in office, a pair of lawmakers suggested Thursday.

Klain, who ran Biden’s White House for the first two years of his term, is currently sitting down with staff on the House Oversight Committee as part of Chair James Comer’s probe into whether top administration aides covered up signs of decline in the former president while he was in office.

Rep. Ro Khanna, D-Calif., told reporters roughly an hour into the session that Klain ‘answered every question’ that Republicans put forward.

‘I found Mr. Klain to be very credible. He answered every single question. He was fully cooperative. There are times where he was asked about personal conversations he had with the president, and he was forthcoming,’ Khanna said.

‘I really appreciate his candor and the comprehensive way he had answered every question.’

Rep. Andy Biggs, R-Ariz., told Fox News Digital minutes later when asked if Klain was credible, ‘Yeah – when I say credible, I think he is telling what he knows accurately. I mean, he’s trying to be accurate. So that’s what I’d say.’

‘In my opinion, he is not trying to avoid answering the questions. He’s answering the questions carefully. He’s saying the things that I kind of expected him to say,’ Biggs said. ‘But he’s been answering the questions, I think, forthrightly and in the way he sees the world.’

Comer, R-Ky., echoed the positive feedback to reporters when the session temporarily broke for lunch.

‘I think we’re having a very good transcribed interview. Mr. Klain is being fairly responsive to our questions,’ Comer said, adding that it would likely ‘go late into the afternoon.’

While he declined to give specifics on the back-and-forth, Comer told reporters, ‘We’ve asked specific questions. Obviously, evidence emerges on a daily basis that would suggest Joe Biden wasn’t mentally fit to be President of the United States.’

In closed-door transcribed interviews, it’s common for Republican and Democratic committee staff to each get an hour of questioning at a time, trading off until no more questions remain.

The two lawmakers spoke to reporters after the first hour of GOP questioning was finished.

That means Klain’s interview could go on for several hours.

Comer is investigating whether Biden’s top White House aides concealed signs of mental decline in the then-president, and if that meant executive actions were signed via autopen without his knowledge.

Biden maintained he ‘made every decision’ in a recent interview with The New York Times.

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 CoTec Holdings Corp. (TSXV:CTH)(OTCQB:CTHCF) (‘CoTec’) and Mkango Resources Ltd. (AIM:MKA)(TSXV:MKA) (‘Mkango’) are pleased to announce a feedstock supply and pre-processing site share agreement between global electronics recycling company, Intelligent Lifecycle Solutions, LLC (‘ILS’), and HyProMag USA, LLC (‘HyProMag USA’ or the ‘Project’) (the ‘Supply Agreement’).

  • ILS will secure and store neodymium iron boron (‘NdFeB’) feedstock from hard disk drives (‘HDDs’) and other sources for HyProMag USA at the ILS pre-processing sites in Williston, South Carolina and Reno, Nevada (the ‘ILS pre-processing sites’) in advance of the commissioning of HyProMag USA’s advanced stage rare earth magnet recycling and manufacturing plant to be located in Dallas-Fort Worth, Texas (the ‘DFW Hub’)
  • ILS will utilise the INSERMA ANOIA SL (‘Inserma’) ‘3rd generation’ HDD magnet separation system at its pre-processing sites. An exclusive agreement was signed between the HyProMag Group and Inserma in September 2024[i], and the Inserma technology is being rolled out across multiple jurisdictions
  • The improved Inserma units provide fast, efficient magnet separation from HDDs for Hydrogen Processing of Magnet Scrap (‘HPMS’) processing together with clean separation of the printed circuit board for immediate resale to 3rd parties
  • HyProMag USA is, inter alia, targeting HDD recycling geared to the growth of hyperscale data centers, which is expected to accelerate significantly in coming years
  • HyProMag USA will include the ILS pre-processing sites in its detailed design and engineering. The ILS pre-processing sites will be able to source multiple feed types to provide supply feed to the Project’s magnet recycling and manufacturing hub in Dallas-Fort Worth. Other NdFeB feedstock sources being successfully processed to date by HyProMag include rotors from electric motors, wind turbine magnets, speaker assemblies and MRIs
  • The Supply Agreement is expected to be the first in several supply agreements to be entered into by HyProMag USA as the Project advances to construction and commissioning

ILS is a global electronics recycling company processing electronic waste. It is a full-service IT asset disposition, electronics recycling and scrap purchasing company and is fully compliant in ISO 14001:2015, ISO 45001:2018 and ‘Responsible Recycling R2v3 Recycler’ at its USA locations. Through ILS, HyProMag USA will provide full traceability on its products to support the ‘closed loop’ circular economy and critical mineral supply chains within the United States.

The collaboration builds on the relationship established between ILS, HyProMag Limited (‘HyProMag’) and the Magnetic Materials Group (‘MMG’) at the University of Birmingham (‘UoB’) through a number of European projects, including the 2020 Innovate UK[ii] grant funded project, ‘Rare-Earth Recycling for E-Machines’ (‘RaRE’) project with Hydrogen Processing of Magnet Scrap (‘HPMS’) in which HyProMag produced sintered NdFeB magnets from ILS feedstock, and HyProMag continues to work closely with ILS across multiple jurisdictions.

Julian Treger, CoTec CEO commented: 

We are very excited to partner with ILS to grow the feed supply market in the United States and this collaboration is a first step in securing reliable long-term feed supply for HyProMag USA to sustain the Project as we advance towards construction. We believe that over time we will be able to build sufficient feedstock to sustain several magnet recycling and manufacturing hubs as the Company establishes itself as a key player in the US REE magnet industry.’

‘HyProMag USA is progressing with its financing and detailed design and has the potential to supply the U.S. market with a sustainable, long term domestic supply of NdFeB permanent magnets, enabling the creation of secure, low carbon and traceable rare-earth supply chains.

Will Dawes, Mkango CEO commented:

The agreement with ILS, coupled with the Inserma and HPMS technologies, creates a highly competitive and integrated circular solution for recycling of NdFeB from HDDs, encompassing procurement of HDDs via ILS, pre-processing using Inserma technologies, magnet liberation using HPMS and short-loop magnet manufacturing to produce a high value rare earth NdFeB magnet with a very low carbon footprint. Furthermore, the agreement kick-starts operations on the ground, securing NdFeB inventory in advance of commissioning of the DFW hub, and will facilitate increased engagement in USA markets as we move towards project development.’

Graham Davy, ILS CEO, commented:

 ‘We are delighted to be formalising our longstanding partnership with HyProMag. Lifecycle Solutions will be using our infrastructure to procure nationally rare earth material from government, manufacturing, and businesses as well as other recycling sources. Our clients value HyProMag’s short-loop, low carbon solution whist retaining critical materials within the USA. Lifecycle Solutions will use its R2 accredited facilities in South Carolina, Nevada, to acquire and preprocess Rare Earth material for HyProMag USA. Magnets recovered from its subsidiary hard disk drive business will also be supplied.’

HyProMag USA Feasibility Study

The Feasibility Study includes the DFW Hub, and two pre-processing facilities located in South Carolina and Nevada respectively[iii]. In March 2025, HyProMag USA announced the expansion of the detailed engineering phase to include three HPMS vessels[iv] and that it was initiating concept studies for further expansion and complementary ‘Long Loop’ recycling[v]. The DFW Hub’s annual production is expected to be 750 metric tons per annum of recycled sintered NdFeB magnets and 807 metric tons per annum of associated NdFeB co-products (total payable capacity – 1,557 metric tons NdFeB within five years of commissioning) over a 40-year operating life. It is expected the production facility will provide significant optionality to supply the U.S. market with additional NdFeB alloy powder while assisting in revitalising the U.S. magnet sector with the creation of 90-100 skilled magnet manufacturing jobs.

In March 2025, HyProMag USA announced the results of an independent ISO-Compliant product carbon footprint study which confirmed an exceptionally low CO2 footprint of 2.35 kg CO2 eq. per kg of NdFeB cut sintered block product.[vi]

Ownership

HyProMag USA is owned 50:50 by CoTec and HyProMag Limited. HyProMag Limited is 100 per cent owned by Maginito Limited (‘Maginito’), which is owned on a 79.4/20.6 per cent basis by Mkango and CoTec.

About HyProMag

HyProMag is commercializing HPMS recycling technology in the UK, Germany and the United States. HPMS technology was developed at the Magnetic Materials Group (MMG) at University of Birmingham, underpinned by approximately US$100 million of research and development funding, and has major competitive advantages versus other rare earth magnet recycling technologies, which are largely focused on chemical processes but do not solve the challenges of liberating magnets from end-of-life scrap streams – HPMS provides this solution.

About CoTec Holdings Corp.

CoTec is a publicly traded investment issuer listed on the Toronto Venture Stock Exchange (‘TSX-V’) and the OTCQB and trades under the symbols CTH and CTHCF respectively. CoTec Holdings Corp. is a forward-thinking resource extraction company committed to revolutionizing the global metals and minerals industry through innovative, environmentally sustainable technologies and strategic asset acquisitions. With a mission to drive the sector toward a low-carbon future, CoTec employs a dual approach: investing in disruptive mineral extraction technologies that enhance efficiency and sustainability while applying these technologies to undervalued mining assets to unlock their full potential. By focusing on recycling, waste mining, and scalable solutions, the Company accelerates the production of critical minerals, shortens development timelines, and reduces environmental impact. CoTec’s strategic model delivers low capital requirements, rapid revenue generation, and high barriers to entry, positioning it as a leading mid-tier disruptor in the commodities sector.

For more information, please visit www.cotec.ca.

About Mkango Resources Ltd.

Mkango is listed on the AIM and the TSX-V. Mkango’s corporate strategy is to become a market leader in the production of recycled rare earth magnets, alloys and oxides, through its interest in Maginito, which is owned 79.4 per cent by Mkango and 20.6 per cent by CoTec, and to develop new sustainable sources of neodymium, praseodymium, dysprosium and terbium to supply accelerating demand from electric vehicles, wind turbines and other clean energy technologies.

Maginito holds a 100 per cent interest in HyProMag and a 90 per cent direct and indirect interest (assuming conversion of Maginito’s convertible loan) in HyProMag GmbH, focused on short loop rare earth magnet recycling in the UK and Germany, respectively, and a 100 per cent interest in Mkango Rare Earths UK Ltd (‘Mkango UK’), focused on long loop rare earth magnet recycling in the UK via a chemical route.

Maginito and CoTec are also rolling out HPMS recycling technology into the United States via the 50/50 owned HyProMag USA LLC joint venture company.

Mkango also owns the advanced stage Songwe Hill rare earths project in Malawi (‘Songwe’) and the Pulawy rare earths separation project in Poland (‘Pulawy’). Both the Songwe and Pulawy projects have been selected as Strategic Projects under the European Union Critical Raw Materials Act. Mkango has signed a Business Combination Agreement with Crown PropTech Acquisitions to list the Songwe Hill and Pulawy rare earths projects on NASDAQ via a SPAC Merger.

For more information, please visit www.mkango.ca

Market Abuse Regulation (MAR) Disclosure

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (‘MAR’), which has been incorporated into UK law by the European Union (Withdrawal) Act 2018. Upon the publication of this announcement via Regulatory Information Service, this inside information is now considered to be in the public domain.

Cautionary Note Regarding Forward-Looking Statements

This news release contains forward-looking statements (within the meaning of that term under applicable securities laws) with respect to Mkango and CoTec. Generally, forward looking statements can be identified by the use of words such as ‘plans’, ‘expects’ or ‘is expected to’, ‘scheduled’, ‘estimates’ ‘intends’, ‘anticipates’, ‘believes’, or variations of such words and phrases, or statements that certain actions, events or results ‘can’, ‘may’, ‘could’, ‘would’, ‘should’, ‘might’ or ‘will’, occur or be achieved, or the negative connotations thereof. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will not occur, which may cause actual performance and results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements. Such factors and risks include, without limiting the foregoing, the availability of (or delays in obtaining) financing to develop Songwe Hill, the Recycling Plants being developed by Maginito in the UK, Germany and the United States (the ‘Maginito Recycling Plants’), governmental action and other market effects on global demand and pricing for the metals and associated downstream products for which Mkango is exploring, researching and developing, geological, technical and regulatory matters relating to the development of Songwe, the ability to scale the HPMS and chemical recycling technologies to commercial scale, competitors having greater financial capability and effective competing technologies in the recycling and separation business of Maginito and Mkango, availability of scrap supplies for Maginito’s recycling activities, government regulation (including the impact of environmental and other regulations) on and the economics in relation to recycling and the development of the Maginito Recycling Plants, and the Pulawy separation plant and future investments in the United States pursuant to the proposed cooperation agreement between Maginito and CoTec, the outcome and timing of the completion of the Feasibility Studies, cost overruns, complexities in building and operating the plants, and the positive results of Feasibility Studies on the various proposed aspects of Mkango’s, Maginito’s and CoTec’s activities. The forward-looking statements contained in this press release are made as of the date of this news release. Except as required by law, the Company and CoTec disclaim any intention and assume no obligation to update or revise any forward-looking statements, whether because of new information, future events or otherwise, except as required by applicable law. Additionally, the Company and CoTec undertake no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above.

For further information on CoTec, please contact:
CoTec Holdings Corp.
Braam Jonker
Chief Financial Officer
braam.jonker@cotec.ca
+1 604 992-5600

For further information on Mkango, please contact:
Mkango Resources Limited
William Dawes
Chief Executive Officer
will@mkango.ca
+1 403 444 5979

Alexander Lemon
President
alex@mkango.ca

www.mkango.ca
@MkangoResources

SP Angel Corporate Finance LLP
Nominated Adviser and Joint Broker
Jeff Keating, Jen Clarke, Devik Mehta
UK: +44 20 3470 0470

Alternative Resource Capital
Joint Broker
Alex Wood, Keith Dowsing
UK: +44 20 7186 9004/5

The TSX Venture Exchange has neither approved nor disapproved the contents of this press release. Neither the 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.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any equity or other securities of the Company in the United States. The securities of the Company will not be registered under the United States Securities Act of 1933, as amended (the ‘U.S. Securities Act’) and may not be offered or sold within the United States to, or for the account or benefit of, U.S. persons except in certain transactions exempt from the registration requirements of the U.S. Securities Act.

Source

Click here to connect with CoTec Holdings Corp. (TSXV:CTH, OTCQB:CTHCF) to receive an Investor Presentation

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Newmont (TSX:NGT,NYSE:NEM) has deployed drones and a remote-controlled scoop to help rescue three workers trapped underground since Tuesday (July 22) at its Red Chris gold mine in British Columbia.

The incident occurred during work on a non-producing section of the mine’s underground development project.

According to the company, the three contract employees were initially located more than 500 meters beyond the site of the first collapse. They were directed to relocate to a designated refuge chamber before a second fall of ground sealed off the access way and disrupted communication.

“Following the first event, contact was established with the individuals and confirmation was received that they had safely relocated to one of multiple self-contained refuge bays,” Newmont said in a July 23 media statement. “The refuge stations are equipped with adequate food, water and ventilation to support an extended stay.”

The mining company confirmed that it is using aerial drones to assess underground conditions, while a remote-controlled scoop has been deployed from Newmont’s Brucejack mine, also in British Columbia, to begin clearing the estimated 20 to 30 meters of debris obstructing the tunnel.

Communication with the trapped miners remains severed after the second collapse, but the company said the men are believed to be sheltering in a chamber designed to support up to 16 people.

Operations at Red Chris have been suspended to focus entirely on rescue efforts. The company said that it has activated emergency protocols and assembled specialized rescue teams from nearby mine sites.

While the full extent of the damage underground is still being assessed, the use of unmanned equipment is intended to reduce risk to emergency personnel while the area remains geotechnically unstable.

Newmont has not provided an estimated timeline for reestablishing contact or extracting the workers, but emphasized that all available technology and expertise are being brought to bear.

The Red Chris mine, located roughly 80 kilometers south of Dease Lake and more than 1,000 kilometers north of Vancouver, is operated by Newmont under a 70-30 joint venture with Imperial Metals (TSX:III,OTC:IPMLF).

The operation has been producing since 2015, though the incident occurred in a non-producing development zone.

Last year, Red Chris produced approximately 40,000 ounces of gold — making it one of the smaller contributors in Newmont’s global portfolio. The company acquired its majority stake in the mine through its 2023 purchase of Newcrest Mining, which previously managed the asset.

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

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UnitedHealth Group revealed Thursday it is facing a Justice Department investigation over its Medicare billing practices.

It comes after the Wall Street Journal reported in May that the Department of Justice is conducting a criminal investigation into the health-care giant over possible Medicare fraud. In response at the time, the company said it stands “by the integrity of our Medicare Advantage program.”

In July, the Journal also reported that the DOJ interviewed several doctors about UnitedHealth’s practices and whether they felt pressured to submit claims for certain conditions that bolstered payments from the Medicare Advantage program to the company.

That marked the second time this year that the insurer’s Medicare Advantage business has come under federal scrutiny. The Journal also reported in February that the DOJ is conducting a civil investigation into whether the company inflated diagnoses to trigger extra payments to its Medicare Advantage plans.

But in March, UnitedHealth moved a step closer to ending a yearslong legal battle with the DOJ that began with a whistleblower who alleged the company illegally withheld at least $2 billion through the Medicare Advantage program. A special master assigned to the case by the judge issued a recommendation in favor of UnitedHealth, saying the DOJ lacked evidence.

UnitedHealthcare’s Medicare and retirement segment, which includes the Medicare Advantage business, is UnitedHealth Group’s largest revenue driver, raking in $139 billion in sales last year.

The update in the probe comes after a tumultuous last year for UnitedHealthcare, the nation’s largest and most powerful private health insurer. Shares of UnitedHealthcare’s parent company, UnitedHealth Group, are down more than 42% for the year after it suspended its 2025 forecast amid skyrocketing medical costs, announced the surprise exit of former CEO Andrew Witty and grappled with the reported probe into its Medicare Advantage business.

The company’s 2024 wasn’t any easier, marked by a historic cyberattack and the torrent of public blowback after the murder of UnitedHealthcare’s CEO Brian Thompson.

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Sen. Adam Schiff, D-Calif., is throwing cold water on Director of National Intelligence Tulsi Gabbard’s assertion about the Obama administration’s role in pushing the Trump-Russia collusion narrative during the 2016 presidential election. 

Gabbard has declassified documents, including a House Intelligence Committee memo, alleging that former President Barack Obama and his national security team ‘manufactured an Intelligence Community Assessment they knew was false.’

‘I think what Gabbard and her staff are doing is dishonest and misstated, and I’ll leave it at that,’ Schiff told Fox News Digital on Capitol Hill. 

But White House Spokesman Davis Ingle was quick to fire back in a statement to Fox News Digital. ‘Pencil neck, watermelon head Adam ‘Shifty’ Schiff was one of the chief propagandists behind the Russia collusion hoax,’ he said. ‘He’s now trying to desperately cover his tracks as this entire lie is being exposed to the world.’ 

Schiff was elected to the Senate last year but served in the House while Congress investigated whether Trump colluded with Russia to influence the 2016 election. 

And as a ranking member and then chair of the House Intelligence Committee, Schiff was directly involved in the congressional investigation and became a leading Democratic voice accusing Trump’s 2016 presidential campaign of colluding with Russia. 

‘Should Obama and his team be held responsible in some way for pushing the Russia collusion narrative that was proven false to take down Trump?’ Fox News Digital asked Schiff. 

‘Well, if you read the well-reported intelligence community report, you know they documented Russia’s efforts to help denigrate Hillary Clinton, which gave a boost to the Trump campaign,’ Schiff responded. 

Schiff was referring to an Intelligence Community Assessment report from 2017 that asserted that Russia’s goals were to undermine faith in the U.S. democratic process and to ‘denigrate’ former Secretary of State Hillary Clinton, and that Russian President Vladimir Putin ‘developed a clear preference’ for Trump. 

Gabbard’s office alleged in a press release outlining the unearthed documents that Putin did not favor a candidate in 2016. It also said, ‘There is irrefutable evidence detailing how President Obama and his national security team directed the creation of an Intelligence Community Assessment that they knew was false.’

When asked if he should apologize, Schiff told Fox News Digital, ‘It’s been proven accurate.’

And as he walked away, Schiff seemed to nod in agreement and say, ‘Yes,’ when asked if everything he had said about the Russia collusion was accurate. 

The Justice Department, however, has formed a ‘strike force’ to assess the evidence publicized by Gabbard into the Obama administration’s role in the Trump–Russia collusion narrative.

Trump and Schiff have long been political foes, as the president often evoked Schiff’s nickname on the presidential campaign trail in 2024 while Trump weaved through a range of topics, including what he has come to refer to as the ‘Russia, Russia, Russia hoax.’

‘Adam ‘Shifty’ Schiff is in BIG TROUBLE!’ Trump said on Truth Social on Sunday. ‘He falsified Loan Documents. He once said my son would go to prison on a SCAM that Schiff, along with other Crooked Dems, illegally ‘manufactured’ in order to stage an actual coup.’ 

‘My son did nothing wrong, knew nothing about the fictional story,’ he added. ‘It was an American Tragedy! Now Shifty should pay the price of prison for a real crime, not one made up by the corrupt accusers!’ 

The U.S. Federal Housing Finance Agency (FHFA) sent a letter to the Department of Justice in May alleging that Schiff has ‘falsified bank documents and property records to acquire more favorable loan terms, impacting payments from 2003-2019 for a Potomac, Maryland-based property.’

‘Since I led his first impeachment, Trump has repeatedly called for me to be arrested for treason,’ Schiff said after Trump first accused Schiff of mortgage fraud. ‘So in a way, I guess this is a bit of a letdown. And this baseless attempt at political retribution won’t stop me from holding him accountable. Not by a long shot.’ 

Fox News Digital’s Brooke Singman, Emma Colton, Danielle Wallace, and Peter Doocy contributed to this report. 

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