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China has discovered a new uranium deposit in the Tarim Basin at a depth of 1,820 meters, the deepest recorded for sandstone-type uranium in the country, according to state-owned China National Nuclear Corporation (CNNC).

CNNC said the discovery was made through a combination of deep drilling and predictive geological modeling and is part of a broader strategy to reduce reliance on imported nuclear fuel.

This type of deposit, long favored for its relative ease and low cost of extraction, is emerging as a crucial part of China’s strategy to reduce reliance on foreign uranium amid an unprecedented expansion of its nuclear power fleet.

“By implementing relatively deep drilling verification, we finally discovered thick industrial uranium mineralisation in the desert heart,” said Qin Mingkuan, principal investigator at CNNC, as quoted by state broadcaster CCTV.

According to official data, China imported about 13,000 metric tons of uranium in 2023, while domestic production amounted to just 1,700 metric tons.

However, demand is still soaring. The International Atomic Energy Agency estimates that China’s nuclear fleet could require over 40,000 metric tons of uranium annually by 2040, nearly triple today’s global annual uranium production.

Shifting ground

Until recently, most of China’s uranium was extracted from granite and volcanic rock formations in the southern provinces, which are harder to mine and less scalable.

In contrast, sandstone-hosted uranium, found in northern regions like Inner Mongolia and Xinjiang, is more conducive to in-situ leaching, a process that allows for less invasive, lower-cost recovery.

According to CNNC, The newly discovered deposit in Tarim is a proof point for China’s investment in geophysical modeling, which it used remote sensing and predictive analytics to identify the site before drilling.

The achievement is also being seen as a technological validation for CNNC’s flagship “National No. 1 Uranium” demonstration project in the Ordos Basin in Inner Mongolia — now the country’s largest uranium production base by capacity.

Earlier this month, that site produced its first barrel of uranium, just a year after breaking ground.

The project employs advanced in-situ leaching techniques that use carbon dioxide and oxygen-enriched water to extract uranium from underground ore bodies. The process is touted as not only environmentally cleaner than traditional mining, but also more efficient.

Strategic push for uranium

China’s renewed focus on domestic uranium forms part of its overall strategy to support its nuclear energy ambitions, which are now among the most aggressive in the world.

According to a Goldman Sachs report, roughly half of all nuclear reactors currently under construction worldwide are located in China.

As of the end of 2024, the country had 58 operational reactors generating about 56.9 gigawatts of electricity, with another 32 reactors under construction expected to add more than 34 gigawatts of capacity. Dozens more are in the planning pipeline.

The China Nuclear Energy Association further projects that installed capacity will reach 200 gigawatts by 2040 — a level that would more than double the current US nuclear fleet and make China the undisputed global leader in atomic energy.

To fuel that expansion, China has adopted a “three-thirds” approach: one-third of uranium to be sourced domestically, one-third from overseas joint ventures or equity stakes, and one-third purchased on the open market.

But recent geopolitical tensions — including US export restrictions on some nuclear-related equipment — have increased pressure on Beijing to accelerate domestic uranium production.

In April, China’s State Council approved the construction of additional reactors across five coastal sites, requiring a combined investment of nearly 200 billion yuan (US$27.9 billion).

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

This post appeared first on investingnews.com

There’s a new player making waves in an industry dominated by big banks.

Imprint, the 5-year-old credit card startup, beat out banks in a competitive bidding process for a new co-branded card from online shopping platform Rakuten, CNBC has learned.

The deal is the most recent sign that Imprint is gaining traction in the co-branded credit card industry.

The New York-based startup also just raised $70 million in additional capital, boosting its valuation by 50% to $900 million less than a year from its previous round, according to Imprint CEO Daragh Murphy.

Credit card partnerships with retailers, airlines and hotels are some of the most hotly contested deals in finance. Brands often go through extensive bidding processes to select a card company, while the companies compete for the right to issue cards to millions of loyal customers. The industry’s largest players include JPMorgan Chase, Capital One, Citigroup and Synchrony.

“We’re talking to Fortune 500 companies about being their partner and them choosing us over Synchrony, over Barclays, over U.S. Bank,” Murphy said in an interview. “We have to kind of walk and talk like we’re a big, important company, even though we still have a startup ethos.”

That’s why the company recently raised capital, bringing its total to $330 million, most of which is held on the firm’s balance sheet, according to Murphy. Those funds help show potential partners that Imprint has staying power, he said.

Imprint also has about $1.5 billion in credit lines from banks including Citigroup, Truist and Mizuho, which it uses to extend loans to card customers, Murphy said. The startup is behind the cards from brands including Eddie Bauer, Brooks Brothers and Turkish Airlines.

To offer its credit cards, Imprint usually partners with one of two small banks, First Electronic Bank or First Bank and Trust. Imprint handles the customer experience, including the technology and credit decisions, while using the credit card rails of regulated banks.

In the case of the Rakuten card, Imprint is relying on the American Express network, which allows users to get Amex purchase protections and other perks. It is using First Electronic Bank to help issue the cards.

“Though we’re not a regulated bank, we’re effectively building a bank,” Murphy said. “We have to do all the same things as a bank. We’re a capital markets company; we’re a compliance company; we’re a risk and credit and fraud company; we’re a technology company.”

To gain a toehold in the market for co-branded cards, which can be used anywhere credit cards are accepted, Imprint decided it would focus on a seamless digital experience for customers, Murphy said. That requires technology integration that is difficult for established players who rely on third-party companies including Fiserv to complete transactions, he said.

“The banks are in trouble because they don’t own the technology that the credit card runs on,” Murphy said. “Every credit card in your wallet, whether it’s Chase … or from Citi or Synchrony, they rely on two or three different third parties to power the technology.”

Imprint also decided to set itself apart by making it easy for customers to pay off their loans, Murphy said. Card companies including Bread Financial and Synchrony make a far larger percentage of revenue from late fees than Imprint does, he said.

“You shouldn’t have all these regressive late fees, and you shouldn’t make it hard to pay,” Murphy said. “The easier we make it to pay, the more likely you are to use the card, and the more likely you are to use the card, the better it is for everybody.”

Finally, Murphy said the company’s low customer acquisition costs allow it to fund more rewards for card users.

The new Rakuten card, for instance, offers users an extra 4% in cash back in addition to what customers earn through shopping on the online portal, capped at $7,000 in spending per year.

Users also earn 10% in cash back while dining at Rakuten’s partner restaurants, and 2% cash back on groceries and non-partner restaurants.

The previous Rakuten credit card was issued by Synchrony and discontinued in 2022.

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Speaker Mike Johnson, R-La., accused Democrats of orchestrating a ‘cover-up’ of President Joe Biden’s signs of mental decline in a set of remarks to reporters on Wednesday.

The leader of the House of Representatives criticized left-wing lawmakers for their public pressure campaign regarding Jeffrey Epstein’s case, dismissing their calls for transparency as a hypocritical political ploy.

‘We will not be lectured on transparency by the same party that orchestrated one of the most shameless, dangerous political cover-ups in the history of the United States – and that was President Biden’s obvious mental decline,’ Johnson told reporters.

‘House Republicans stand for maximum transparency and truth. We always have, and we always will.’

It comes as the House Oversight Committee continues to investigate allegations that the former president’s top White House aides obscured signs of mental and physical decline in the octogenarian leader from the public and others in the administration.

Biden told The New York Times earlier this month that he was fully aware of every decision he made in a story regarding his use of autopen for clemency orders.

Johnson and other Republican lawmakers have dealt with a barrage of media scrutiny on Epstein’s case over the last two weeks. It’s a side effect of the fallout over a recent Department of Justice (DOJ) memo effectively declaring the matter closed.

Figures on the far-right have hammered Trump officials like Attorney General Pam Bondi, accusing them of going back on earlier vows of transparency.

At Trump’s direction, the DOJ is moving to have grand jury files related to Epstein’s case unsealed. Bondi is looking into whether imprisoned former Epstein associate Ghislaine Maxwell will speak with federal authorities as well.

Democrats seized on the discord by forcing Republicans on a key panel – the House Rules Committee – to take multiple votes on whether to make files related to Epstein’s case public.

GOP lawmakers’ frustration at being put into a tough political situation forced House Republicans’ agenda to partially grind to a halt this week, forcing leaders to send the House into August recess a day earlier than initially planned.

Some Republicans are frustrated with the Trump administration’s handling of the issue, while others are angry at fellow GOP lawmakers joining Democrats in public calls for transparency.

Many, like Johnson, have accused Democrats of operating on a double-standard. 

‘The way Democrats have tried to weaponize this issue is absolutely shameless. And I just want to say this – Democrats said nothing and did nothing, absolutely nothing, about bringing transparency for the entire four years of the Biden presidency,’ the speaker said. But now, all of a sudden, they want the American people to believe that they actually care.’

When reached for comment, a spokesperson for House Minority Leader Hakeem Jeffries, D-N.Y., pointed Fox News Digital to his remarks on Epstein earlier this week, questioning what Republicans were ‘hiding.’

‘Jeffrey Epstein committed suicide during the Trump administration. Trump administration officials have said, prior to arriving in Washington in positions of prominence, including at the FBI and the Department of Justice, that they were going to release the Epstein files. Trump administration officials are now in a position to release the Epstein files,’ Jeffries said. 

‘Does any of that, in your view, have anything to do with President Joe Biden? Why do we think President Joe Biden or President Barack Obama’s names are being invoked?’

Fox News Digital also reached out to the office of former President Joe Biden for comment but did not immediately hear back.

This post appeared first on FOX NEWS

Special Envoy Steve Witkoff is expected to meet with Israeli and Qatari officials in Rome on Thursday as the U.S. pushes for a ceasefire deal in Gaza. 

Hamas and Israel are engaging in indirect negotiations to end the war that has raged on for nearly two years. However, Witkoff’s itinerary depends on the progress made in the talks. If the parties make enough progress in Rome, Witkoff will reportedly travel to Doha to finalize the deal, according to Axios. 

The outlet also reported that sources indicated the meeting in Rome could suggest that a deal is near — possibly just days away.

Earlier this month, Israel agreed to a U.S.-backed, 60-day ceasefire proposal that would lead to the end of the war. This deal includes a phased release of hostages, the withdrawal of Israeli troops from parts of Gaza and talks on ending the conflict, according to Reuters.

‘My representatives had a long and productive meeting with the Israelis today on Gaza. Israel has agreed to the necessary conditions to finalize the 60 Day CEASEFIRE, during which time we will work with all parties to end the war. The Qataris and Egyptians, who have worked very hard to help bring peace, will deliver this final proposal. I hope, for the good of the Middle East, that Hamas takes this deal because it will not get better — IT WILL ONLY GET WORSE,’ President Donald Trump wrote on Truth Social on July 1.

Trump appeared optimistic about the possibility of Israel and Hamas reaching a deal to end the war. On July 16, while signing the HALT Fentanyl Act, Trump thanked Witkoff, praising him for doing ‘a fantastic job’ and said that there was ‘some good news on Gaza,’ though he did not elaborate.

If Trump can secure an end to the war, it could mean an expansion of the Abraham Accords, one of the signature efforts of Trump’s first administration, which saw Israel sign normalization agreements with the United Arab Emirates, Bahrain, Morocco and Sudan. However, Trump has yet to detail which countries would be added.

Israeli Minister of Foreign Affairs Gideon Sa’ar said on June 30 that Israel was ‘serious’ about seeking an end to the conflict. He added that Jerusalem has an interest in ‘countries, such as Syria and Lebanon, our neighbors, to the circle of peace and normalization.’

Fox News Digital’s Greg Wehner and Caitlin McFall contributed to this report.

This post appeared first on FOX NEWS

Congressional Democrats are trying to get on the same page and display a unified front after threatening to derail the government funding process.

Senate Minority Leader Chuck Schumer, D-N.Y., and House Minority Leader Hakeem Jeffries, D-N.Y., met behind closed doors Tuesday night, along with the top Democrats in the House and Senate Appropriations Committees, to plot a course forward in the forthcoming government funding fight.

The meeting came after Democrats in the upper chamber overwhelmingly supported the first government funding bill to hit the Senate floor, one that would fund military construction and Veterans Affairs. Ahead of the vote, Senate Democrats had signaled they may vote against the bill and further obstruct the appropriations process because of highly partisan legislation rammed through the upper chamber by Senate Republicans.

‘We all want to pursue a bipartisan, bicameral appropriations process,’ Schumer said. ‘That’s how it’s always been done, successfully, and we believe that, however, the Republicans are making it extremely difficult to do that.’

The meeting just off the Senate floor was meant to get congressional Democrats on board with a messaging plan over the next weeks and months ahead of the Sept. 30 deadline to fund the government.

It was also likely designed to prevent a repeat of the Democratic debacle in March, when Schumer broke with Jeffries and threatened to shutter the government before ultimately caving and providing Republicans the votes necessary to advance yet another government funding extension, known as a continuing resolution.

Republicans are quick to point out that when Schumer led the upper chamber, none of the House GOP’s spending bills made it to the floor — in Congress, the spending process begins in the lower chamber.

Since taking over earlier this year, Senate Majority Leader John Thune, R-S.D., has committed to returning to regular order, or passing each of the dozen spending bills to fund the government, and trying to get the appropriations process back to normal.

However, it’s a feat that hasn’t been successfully done in Washington since the late 1990s. 

‘Frankly, I think a lot of us around here think [this] is long overdue,’ Thune said.  

However, Democrats contend that their trust in Republicans is wearing thin after two major partisan bills, one being President Donald Trump’s ‘big, beautiful bill,’ and the other the president’s $9 billion clawback package, were pushed through the chamber without any Democratic input.

Thune argued that Senate Democrats were using the rescissions package to shut down the appropriations process and effectively shut down the government.

In the Senate, most bills that come to the floor require at least 60 votes to smash through the filibuster, meaning that most legislation requires bipartisan support to some extent.

Earlier this year, the House GOP produced a partisan government funding extension that was a tough pill for Senate Democrats to swallow, but they still ultimately opted to vote for it. This time around, they’re demanding more involvement in the process.

Jeffries said that congressional Democrats would play ball if the process was ‘bipartisan and bicameral in nature’ and put the onus of a partial government shutdown at the feet of congressional Republicans.

‘House Republicans are, in fact, marching us toward a possible government shutdown that will hurt the American people,’ he said.

However, House Speaker Mike Johnson, R-La., threw the responsibility on Democrats over whether the government would shutter or stay open come the end of September.

‘They’re gaming out how they can shut the government down,’ Johnson told Bloomberg Government. 

This post appeared first on FOX NEWS

President Donald Trump’s approval rating remains steady at 45% as he closes out the sixth month of his second term. 

Support for the president is split along party lines, as Republicans express strong approval and Democrats disapprove of his policies almost across the board, according to a new Marquette Law School Poll national survey, conducted July 7-16, 2025.

Independent voters remain substantially more negative than positive, disapproving at 62%, which is down seven points since May. Yet, Trump maintains a 55% disapproval rating among all voters. 

Trump’s overwhelming approval among Republicans, at 86%, and disapproval among Democrats, at 93%, have remained consistent since the start of his second term, according to the four Marquette Law School Poll national surveys conducted this year. 

The polling reflects an omnipresent partisan divide on Capitol Hill and across the country, as Republicans celebrate and Democrats protest Trump’s sweeping second-term agenda, including a robust crackdown on illegal immigration and his marquee legislation, the ‘one big, beautiful bill.’

Trump’s megabill includes tax cuts, funding for border security, Medicaid reform and an American energy overhaul, among other fulfillments of Trump’s 2024 campaign promises. A Republican-led Congress passed the bill through the reconciliation process, and Trump signed the bill by a self-imposed July 4 deadline. 

According to the poll, 59% of all adults disapprove of Trump’s ‘one big, beautiful bill.’ Democrats almost unanimously disapprove of the bill, at 94%, while 79% of Republicans said they support it. 

Some conservative fiscal hawks, including Rep. Thomas Massie, R-Ky., who voted against the bill, sounded the alarm on the megabill adding to the federal deficit. The Congressional Budget Office (CBO) dynamic analysis found it would raise budget deficits by an estimated $2.4 trillion over a decade.

Sixty-eight percent of people think the federal deficit will increase, up 52% from the last survey in May. And that number nearly doubled among Republicans from 22% in May to 44% in July. 

Fifty-nine percent of Americans surveyed think Trump’s tariff plans will hurt the U.S. economy. Inflation is the top issue facing the country for 34% of Americans, followed by the economy at 16% in July. Meanwhile, just 28% of Americans think Trump’s policies will bring down inflation, and 60% say his policies will increase inflation. 

Those views on the economy are split along party lines, as a majority of Republicans believe Trump will decrease inflation and majorities of Independents and Democrats think his policies will increase inflation, per the survey. 

Among Trump’s leading issue of deporting illegal immigrants, 57% favor and 43% oppose his deportation rollout, which is lower than in May, when 66% were in favor and 34% were opposed. 

This polling follows a surge in violence against federal immigration authorities and protests rejecting U.S. Immigration and Customs Enforcement (ICE) erupting across the country, particularly in Los Angeles, where Trump authorized the National Guard to disrupt protests that delved into riots last month.

Republicans continue their overwhelming support for deportations, but a majority of Independents are now opposed, following a decline from May to July. Meanwhile, disapproval among Democrats rose 17 percentage points from May to July. 

According to the poll, 55% of Americans believe the United States is mostly deporting immigrants with no criminal record, with most Republicans agreeing, while majorities of Independents and Democrats think deportations mostly involve those without criminal records. 

Trump has aggressively asserted executive authority in his second term, overturning longstanding government policy and aiming to make major cuts to the federal workforce through an avalanche of sweeping and controversial executive orders and actions, with some aimed at addressing grievances he has held since his first term.

The president started his second administration with poll numbers in positive territory, but his poll numbers started to slide soon after his late-January inauguration. 

His approval ratings sank underwater by early March and have remained in negative territory ever since in most national surveys. The president’s approval ratings were underwater in 17 of the 21 national polls conducted so far in July.

Sunday marked six months since Trump started his second tour of duty in the White House.

Former President Joe Biden, whose single term in the White House is sandwiched by Trump’s two terms, enjoyed positive approval ratings in July 2021, six months into his tenure.

However, Biden’s numbers were sinking at the time, and dropped into negative territory in the late summer and autumn of 2021, after his much-criticized handling of the turbulent U.S. exit from Afghanistan and amid soaring inflation and a surge of migrants crossing into the U.S. along the nation’s southern border with Mexico.

Biden’s approval ratings remained underwater for the rest of his presidency.

This post appeared first on FOX NEWS

The Trump administration revealed details of its highly anticipated artificial intelligence plan of action ahead of President Donald Trump’s major speech later on Wednesday, which is expected to also include the president signing at least one executive order related to the U.S.’ artificial intelligence race. 

Administration leaders, including White House Office of Science and Technology policy director Michael Kratsios and AI and crypto czar David Sacks, held a background call with the media Wednesday morning and outlined a three-pillar plan of action for artificial intelligence focused on American workers, free speech and protecting U.S.-built technologies. 

‘We want to center America’s workers, and make sure they benefit from AI,’ Sacks said on the call while describing the three pillars. 

‘The second is that we believe that AI systems should be free of ideological bias and not be designed to pursue socially engineered agendas,’ Sacks said. ‘And so we have a number of proposals there on how to make sure that AI remains truth-seeking and trustworthy. And then the third principle that cuts across the pillars is that we believe we have to prevent our advanced technologies from being misused or stolen by malicious actors. And we also have to monitor for emerging and unforeseen risks from AI.’

Trump is expected to deliver what White House staffers have described as a major address early Wednesday evening outlining his administration’s artificial intelligence efforts, including lifting restrictions on the technology administration officials say will usher in the next ‘industrial revolution.’

Trump ordered his administration in January to develop a plan of action for artificial intelligence in order to ‘solidify our position as the global leader in AI and secure a brighter future for all Americans.’ 

The presidential action ordered administration leaders to craft a plan ‘to sustain and enhance America’s global AI dominance in order to promote human flourishing, economic competitiveness, and national security’ within 180 days, which was Tuesday. 

Kratsios stressed on the call that by cutting federal red tape surrounding AI, American workers will benefit while the U.S. will avoid going down the same AI path as Europe, which is mired in tech regulations, Kratsios said on the call. ‘The action plan calls for freeing American AI innovation from unnecessary bureaucratic red tape, ensuring all Americans reap the benefits of AI technologies and leveraging AI to drive new scientific breakthroughs.’

‘On deregulation, we cannot afford to go down Europe’s innovation-killing regulatory path. Federal agencies will now review their rules on the books and repeal those that hinder AI development and deployment across industries, from financial services and agriculture to health and transportation.’ 

‘At the same time, we’re asking the private sector to recommend regulatory barriers that they face for the administration to consider removing,’ he added. ‘Instead of cultivating skepticism, our policy is to encourage and enable AI adoption across government and the private sector through regulatory sandboxes and sector-specific partnerships.’ 

Trump rescinded a Biden-era executive order hours after taking office in January that put restrictions on artificial intelligence technologies, including requiring tech companies to keep the federal government appraised of the most powerful technology they were building before the programs are made available to the public. 

Trump’s signature rescinded the Biden order, with a White House fact sheet at the time arguing the Biden executive order ‘hinders AI innovation and imposes onerous and unnecessary government control over the development of AI.’

‘American development of AI systems must be free from ideological bias or engineered social agendas,’ the White House said. ‘With the right government policies, the United States can solidify its position as the leader in AI and secure a brighter future for all Americans.’ 

‘The order directs the development of an AI Action Plan to sustain and enhance America’s AI dominance, led by the Assistant to the President for Science & Technology, the White House AI & Crypto Czar, and the National Security Advisor,’ the White House said. 

Trump is expected to sign an executive order Wednesday related to implementing his administration’s artificial intelligence plan, Fox News learned. The background call Wednesday morning focused specifically on the artificial intelligence plan of action crafted across the past 180 days. 

The Trump administration has notched massive wins in the artificial intelligence race, which has pitted the U.S. against China to develop the most high-tech artificial intelligence systems, including Oracle and OpenAI announcing Tuesday the companies will further develop the Stargate project, which is an effort to launch large data centers in the U.S. The two companies’ most recent announcement promises an additional 4.5 gigawatts of Stargate data center capacity, a move expected to create more than 100,000 jobs across operations, construction, and indirect roles such as manufacturing and local services.

The Stargate project includes a commitment from OpenAI, Oracle, SoftBank and MGX to invest $500 billion in U.S.-based artificial intelligence infrastructure throughout the next four years.

Creating the data centers is key to the U.S. artificial intelligence race, according to admin officials who spoke on the background call Wednesday. Sacks explained that the administration wants to see U.S. artificial intelligence infrastructure grow by leaps and bounds in order for the country to ‘lead in data centers and in the energy that powers those data centers.’ 

Earlier in July, Trump traveled to Pittsburgh for an artificial intelligence summit at Carnegie Mellon University while touting the $90 billion in private-sector investments intended to create the Keystone State into an energy and artificial intelligence hub for the country 

Trump also has signed other executive orders focused on artificial intelligence as it relates to increasing America’s energy grid capacity, and an April executive order aimed at preparing America’s next generation to employ artificial intelligence through educational programs. 

Kratsios said during the call that the U.S. winning the artificial intelligence race is ‘non-negotiable,’ citing not only economic and geopolitical considerations. 

‘We’re not alone in recognizing the economic, geopolitical, and national security importance of AI, which is why winning the AI race is non-negotiable,’ he said. ‘The plan presents over 90 federal policy actions across three pillars. As David (Sacks) discussed, those are accelerating innovation, building American AI infrastructure, and leading international AI diplomacy and security. The action plan was crafted with overwhelming input from industry, academia and civil society, informed by over 10,000 responses to the White Houses request for information.’ 

The plan delivered to Trump could be executed in the next six months to a year, according to the background call. 

The Trump administration repeatedly has rallied around how artificial intelligence will be crucial at catapulting America into the next ‘industrial revolution,’ which administration officials say will lead to job creation and a strong tech industry that can trounce other nations in the race. 

Vice President JD Vance has been one of the most vocal admin leaders touting the U.S. strength on artificial intelligence as it cut red tape surrounding the industry. 

Artificial intelligence drives the demand for the electric grid

‘The Trump administration is troubled by reports that some foreign governments are considering tightening screws on U.S. tech companies with international footprints,’ Vance said in a fiery February speech from Paris. ‘America cannot and will not accept that, and we think it’s a terrible mistake.’ 

‘At this moment, we face the extraordinary prospect of a new industrial revolution… But it will never come to pass if over-regulation deters innovators from taking the risks necessary to advance the ball,’ he said. ‘Nor will it occur if we allow AI to become dominated by massive players looking to use the tech to censor or control users’ thoughts.’

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Iran’s President Masoud Pezeshkian on Wednesday doubled down on Tehran’s refusal to abandon its nuclear program and said Iran is ‘fully prepared’ for a renewed fight with Israel. 

The Iranian president’s comments came just two days after Tehran’s foreign minister confirmed to Fox News that Iran will not give up its enrichment program, but continues to claim Tehran is not interested in developing a nuclear weapon. 

‘[US President Donald] Trump says that Iran should not have a nuclear weapon and we accept this because we reject nuclear weapons and this is our political, religious, humanitarian and strategic position,’ Pezeshkian said in an interview with Al Jazeera.

‘We believe in diplomacy, so any future negotiations must be according to a win-win logic, and we will not accept threats and dictates,’ he added. 

Pezeshkian also said Trump’s repeated claims that the U.S. ‘obliterated’ Iran’s nuclear program is ‘just an illusion.’

‘Our nuclear capabilities are in the minds of our scientists and not in the facilities,’ he said.

The U.S. strikes – which came just days after Israel targeted top military figures and nuclear scientists – are believed to have set back Iran’s nuclear program by up to two years. 

But security experts have told Fox News Digital that Iran continues to possess significant military strike capabilities, and questions remain over whether Iran was able to successfully move any enriched uranium off site prior to Washington’s strikes.

Pezeshkian acknowledged the blow that Israel levied against its top officials, but said it ‘completely failed’ to ‘eliminate’ the hierarchy of Iran’s nuclear program.

He further warned that Iran is ready to take on Jerusalem should another conflict break out. 

‘We are fully prepared for any new Israeli military move, and our armed forces are ready to strike deep inside Israel again,’ Pezeshkian said.

Iran and Israel are still operating under a ceasefire brokered by the U.S. and Qatar following last month’s 12-Day War, but the Iranian president said he is not confident this truce will hold. 

‘We are not very optimistic about it,’ Pezeshkian said.

‘That is why we have prepared ourselves for any possible scenario and any potential response. Israel has harmed us, and we have also harmed it,’ he added. ‘It has dealt us powerful blows, and we have struck it hard in its depths, but it is concealing its losses.’

Delegations from France, Germany and the U.K. (E3) are set to travel to Tehran on Friday to discuss nuclear negotiations.

The E3 visit will come just three days after officials from Russia and China, who are also signatories of the 2015 Joint Comprehensive Plan of Action (JCPAO), visited on Tuesday to discuss negotiations and how Iran can avoid sanctions, though details of the talks remain unknown.

Iran began initiating international talks after the E3 last week threatened to employ snapback sanctions – which would see the entire 15-member U.N. Security Council enforce strict economic ramifications – should Iran not enter into a nuclear agreement by the end of August. 

The timeframe is consistent with the time needed for the JCPOA signatories to recall snapback sanctions prior to the Oct. 18 expiration date when the economic tool can no longer be employed en masse per the 2015 terms of the agreement.

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IsoEnergy Ltd. (NYSE American: ISOU) (TSX: ISO) (‘IsoEnergy’) and Purepoint Uranium Group Inc. (TSXV: PTU)PTU) (OTC: PTUUF) (‘Purepoint’) are pleased to report continued strong results from drilling at their 50/50 Dorado joint venture project (‘Dorado’ or the ‘Project’), located in Saskatchewan’s world-class Athabasca Basin (Figure 1). The most recent drill hole, PG25-07A, stepped out approximately 70 metres northeast of the ‘Nova Discovery’ intercepts at the Q48 target area and returned stronger mineralization, with an average of 11,100 counts per second (CPS) measured on a Mount Sopris 2PGA-1000 downhole radiometric probe across a much wider interval of 14.0 metres, including a peak reading of 110,800 CPS.

The recent Nova Discovery results further define the mineralized trend at the Q48 target as a steeply dipping, uranium-bearing structure hosted within the basement rocks, underscoring the potential scale and strength of the system emerging at Dorado. All assays from the current program, including holes PG25-04 and PG25-05, are pending on a rush basis and will be disclosed once available.

Highlights

  • PG25-07A intersected a continuation of the Nova Discovery uranium basement hosted mineralization approximately 70 metres northeast of PG25-05 and 60 metres below the unconformity, averaging 11,100 CPS over 14.0 metres with a peak of 110,100 CPS.
  • The Nova Discovery mineralization at Q48 remains open to the northeast, the direction of increasing radioactivity, but wet marsh ground conditions currently prevent further drilling in that direction. Follow-up drilling is expected to resume this winter, when frozen ground allows for more efficient land-based access.
  • The drill rig has now been mobilized to the Turaco target, located approximately 8 km northeast of the Q48 target within the Dorado project. Up to four holes are planned at Turaco as part of the 5,400-metre drill program approved by the joint venture partners for 2025.

‘The recent Nova Discovery results underscore just how much potential remains at Dorado,’ said Chris Frostad, President and CEO of Purepoint Uranium. ‘PG25-07A has successfully extended the Nova Discovery zone by 70 metres and delivered our strongest intercept to date, both in intensity and thickness based on radioactivity. The systematic way we’ve approached Q48 is paying off, and we expect the next phase of drilling will push this discovery even further.’

‘The results from PG25-07A mark a significant leap forward for our new Nova discovery,’ added Philip Williams, CEO and Director of IsoEnergy. ‘This step-out hole shows that the mineralized structure continues northeast and that the grades and thickness are improving as we move along the trend. While we have had to pause advancement in this direction due to ground conditions, we are eager to return this winter to continue following what we believe is shaping up to be an exciting discovery.’

Figure 1: Location of the Q48 and Turaco Target areas, the initial focus of the 2025 drill program, highlighted. (CNW Group/IsoEnergy Ltd.)
Figure 1: Location of the Q48 and Turaco Target areas, the initial focus of the 2025 drill program, highlighted. (CNW Group/IsoEnergy Ltd.)

Figure 2: Location Map of 2025 Drill Program at Q48 Target Area and the new Nova Discovery. (CNW Group/IsoEnergy Ltd.)

Figure 2: Location Map of 2025 Drill Program at Q48 Target Area and the new Nova Discovery. (CNW Group/IsoEnergy Ltd.)

Figure 3: IsoEnergy and Purepoint Uranium Joint Venture including, Dorado Project, Aurora Project and Celeste Block (CNW Group/IsoEnergy Ltd.)

Figure 3: IsoEnergy and Purepoint Uranium Joint Venture including, Dorado Project, Aurora Project and Celeste Block (CNW Group/IsoEnergy Ltd.)DDHs PG25-06 and PG25-07A

Drill hole PG25-06 targeted the brittle fault associated with mineralization (Figure 1) at the unconformity approximately 20 metres northeast of initial drilling (Figure 2). The drill hole was collared with a dip of -64 degrees and encountered Athabasca sandstone to a depth of 316 metres. Granitic gneiss displaying paleoweathering alteration was drilled to 341 metres then generally unaltered granite, pegmatites and pelitic gneiss was drilled to the completion depth of 482 metres. Projection of the Nova Discovery zone mineralization suggests the radioactive sandstone interval of 1,040 cps over 2.3 metres in the Mount Sopris 2PGA-1000 downhole gamma probe (Table 1), which occurs within core lost between 312.4 to 314.0m, is related to the primary mineralized structure.

Hole PG25-07A was collared from the PG25-04 drill pad and initial deviation resulted in a large 70 metre step out to the northeast of the PG25-05 mineralized intercept. The unconformity was intersected at a depth of 322 metres and the drill hole intercepted the radioactive structure approximately 40 metres up-dip of PG25-04. From the unconformity, granitic gneiss with pegmatitic intervals was encountered to a depth of 392 metres that was initially clay altered for 5 metres, weakly chlorite altered for 20 meters, unaltered for 36 metres, then became chloritized and silicified for 9 metres. Chloritized pelitic gneiss was drilled from 392 to 441 metres, unaltered graphitic and pyritic pelitic gneiss to 459 metres, followed by unaltered granitic gneiss and pegmatites with minor pelitic gneiss to the completion depth of 548 metres.

The PG25-07A Nova zone mineralization starts within granitic gneiss at 382.3 metres and extends into pelitic gneiss to a depth of 396.3 metres returning an average of 11,100 cps over 14.0 metres. A primary mineralized structure of the Nova zone is hosted in sheared, reddish-brown altered granitic gneiss with pitchblende that returned an average of 82,300 cps over 0.6 metres with a peak of 110,800 cps. A second strongly mineralized interval occurs within lost pelitic gneiss core and returned an average of 46,000 cps over 0.4 metres.

* See Qualified Person Statement below.

Table 1: Downhole Gamma Results of Drill Holes PG25-06 and 07A

Hole ID

From (m)

To (m)

Length (m)

Avg. cps

Max. cps

PG25-06

250.8

251.5

0.7

665

805

312.6

314.9

2.3

1,040

1,770

341.2

345.3

4.1

980

1,980

347.6

348.4

0.8

860

1,060

351.4

353.1

1.7

910

1,320

403.3

404.7

1.4

1,410

2,600

PG25-07A

382.3

396.3

14.0

11,100

110,800

Includes

385.5

386.1

0.6

82,300

Includes

392.3

392.7

0.4

46,000

397.4

399.8

2.4

4,500

20,200

401.5

402.8

1.3

6,200

21,500

Includes

402.0

402.4

0.4

14,400

484.4

484.9

0.5

1,720

3,680

Note: Mt. Sopris 2PGA probe used to record downhole gamma readings

Q48 Target Area

The Q48 zone lies within the southern portion of the Project and is characterized by a steeply dipping, north-south trending conductive package identified through geophysical surveys. Historic drilling in the area intersected strongly altered and structurally disrupted rocks at the unconformity and in the basement, including garnetiferous pelitic gneiss, graphitic pelitic gneiss, and semipelite, with local weak radioactivity and zones of intense clay alteration. These results, combined with the geophysical response, highlighted Q48 as a highly prospective but underexplored target.

Drilling by IsoEnergy in 2022 confirmed that the conductive trend at Q48 hosts brittle faults, shears, and alteration, characteristics of uranium-bearing hydrothermal systems in the Athabasca Basin. The current program is designed to systematically follow-up and fully test the Q48 conductive corridor.

Turaco Target Area

The Turaco zone lies within the central portion of the Project and is characterized by a broad area with high conductivity. Although numerous geophysical surveys have been conducted, including airborne electromagnetics (VTEM), ground EM, induced polarization and gravity, previous drilling has failed to properly explain the interpreted EM conductors. A recent review of the geophysical results by Condor Consulting North of Vancouver, BC has selected alternative EM conductor picks that better explain the conductive responses and used Maxwell Modeling to accurately locate the position of discreet conductors. Drilling will commence at one of the high priority target areas identified by Condor.

About the Dorado JV Project

Dorado (Figure 3) is the flagship project of the IsoEnergy-Purepoint 50/50 joint venture, a partnership encompassing more than 98,000 hectares of prime uranium exploration ground. The Project includes the former Turnor Lake, Geiger, Edge, and Full Moon properties, all underlain by graphite-bearing lithologies and fault structures favorable for uranium deposition.

Recent drilling by IsoEnergy east of the Hurricane Deposit has intersected strongly elevated radioactivity in multiple holes. The anomalous radioactivity confirms the continuity of fertile graphitic rock package and further highlights the opportunity for additional high-grade discoveries across the region.

The shallow unconformity depths across the Dorado property—typically between 30 and 300 metres—allow for highly efficient drilling and rapid follow-up on results.

* See Qualified Person Statement below.

Gamma Logging and Geochemical Assaying

A Mount Sopris 2PGA-1000 downhole total gamma probe was utilized for radiometric surveying. The total gamma results provided in Table 1 were selected using a cutoff of 500 cps over a 0.5 metre width. All drill intercepts are core width and true thickness is yet to be determined.

Core samples are submitted to the Saskatchewan Research Council (SRC) Geoanalytical Laboratories in Saskatoon. The SRC facility is independent of IsoEnergy and PurePoint and is ISO/IEC 17025:2005 accredited by the Standards Council of Canada (scope of accreditation #537). The samples are analyzed for a multi-element suite using partial and total digestion inductively coupled plasma methods, for boron by Na2O2 fusion, and for uranium by fluorimetry.

Qualified Person Statement

The scientific and technical information contained in this news release relating to IsoEnergy and Purepoint was reviewed and approved by Dr. Dan Brisbin, P.Geo., IsoEnergy’s Vice President, Exploration and Scott Frostad BSc, MASc, P.Geo., Purepoint’s Vice President, Exploration, who are ‘Qualified Persons’ (as defined in NI 43-101 – Standards of Disclosure for Mineral Projects (‘NI 43-101’)).

For additional information with respect to the current mineral resource estimate for IsoEnergy’s Hurricane Deposit, please refer to the Technical Report prepared in accordance with NI 43-101 entitled ‘Technical Report on the Larocque East Project, Northern Saskatchewan, Canada’ dated August 4, 2022, available under IsoEnergy’s profile at www.sedarplus.ca.

This news release refers to properties other than those in which IsoEnergy and Purepoint have an interest. Mineralization on those other properties is not necessarily indicative of mineralization on the Joint Venture properties.

About IsoEnergy Ltd.

IsoEnergy (NYSE American: ISOU; TSX: ISO) is a leading, globally diversified uranium company with substantial current and historical mineral resources in top uranium mining jurisdictions of Canada, the U.S. and Australia at varying stages of development, providing near-, medium- and long-term leverage to rising uranium prices. IsoEnergy is currently advancing its Larocque East project in Canada’s Athabasca basin, which is home to the Hurricane deposit, boasting the world’s highest-grade indicated uranium mineral resource. IsoEnergy also holds a portfolio of permitted past-producing, conventional uranium and vanadium mines in Utah with a toll milling arrangement in place with Energy Fuels. These mines are currently on standby, ready for rapid restart as market conditions permit, positioning IsoEnergy as a near-term uranium producer.

About Purepoint

Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF) is a focused explorer with a dynamic portfolio of advanced projects within the renowned Athabasca Basin in Canada. Highly prospective uranium projects are actively operated on behalf of partnerships with industry leaders including Cameco Corporation, Orano Canada Inc. and IsoEnergy Ltd.

Additionally, the Company holds a promising VMS project currently optioned to and strategically positioned adjacent to and on trend with Foran Mining Corporation’s McIlvenna Bay project. Through a robust and proactive exploration strategy, Purepoint is solidifying its position as a leading explorer in one of the globe’s most significant uranium districts.

www.isoenergy.ca 

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

Cautionary Statement Regarding Forward-Looking Information

This press release contains ‘forward-looking information’ within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as ‘plans’, ‘expects’ or ‘does not expect’, ‘is expected’, ‘budget’, ‘scheduled’, ‘estimates’, ‘forecasts’, ‘intends’, ‘anticipates’ or ‘does not anticipate’, or ‘believes’, or variations of such words and phrases or state that certain actions, events or results ‘may’, ‘could’, ‘would’, ‘might’ or ‘will be taken’, ‘occur’ or ‘be achieved’. This forward-looking information may relate to additional planned exploration activities, including the timing thereof and the anticipated results thereof; and any other activities, events or developments that the companies expect or anticipate will or may occur in the future.

Forward-looking statements are necessarily based upon a number of assumptions that, while considered reasonable by management at the time, are inherently subject to business, market and economic risks, uncertainties and contingencies that may cause actual results, performance or achievements to be materially different from those expressed or implied by forward-looking statements. Such assumptions include, but are not limited to, that planned exploration activities are completed as anticipated; the anticipated costs of planned exploration activities, the price of uranium; that general business and economic conditions will not change in a materially adverse manner; that financing will be available if and when needed and on reasonable terms; and that third party contractors, equipment and supplies and governmental and other approvals required to conduct the Joint Venture’s planned activities will be available on reasonable terms and in a timely manner. Although each of IsoEnergy and Purepoint have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information.

Such statements represent the current views of IsoEnergy and Purepoint with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by IsoEnergy and Purepoint, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Risks and uncertainties include but are not limited to the following: the inability of the Joint Venture to complete the exploration activities as currently contemplated; ; uncertainty of additional financing; no known mineral resources or reserves; aboriginal title and consultation issues; reliance on key management and other personnel; actual results of technical work programs and technical and economic assessments being different than anticipated; regulatory determinations and delays; stock market conditions generally; demand, supply and pricing for uranium; and general economic and political conditions. Other factors which could materially affect such forward-looking information are described in the risk factors in each of IsoEnergy’s and Purepoint’s most recent annual management’s discussion and analyses or annual information forms and IsoEnergy’s and Purepoint’s other filings with the Canadian securities regulators which are available, respectively, on each company’s profile on SEDAR+ at www.sedarplus.ca. IsoEnergy and Purepoint do not undertake to update any forward-looking information, except in accordance with applicable securities laws.

Source

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Here’s a quick recap of the crypto landscape for Monday (July 23) as of 9:00 a.m. UTC.

Get the latest insights on Bitcoin, Ethereum and altcoins, along with a round-up of key cryptocurrency market news.

Bitcoin and Ethereum price update

Bitcoin (BTC) was priced at US$118,643, down by 0.5 percent over the last 24 hours. The highest valuation today was US$120,222, while its lowest valuation was US$117,979.

Bitcoin price performance, July 23, 2025.

Bitcoin price performance, July 23, 2025.

Chart via TradingView

Ethereum (ETH) was priced at US$3,677.59, down by 0.8 percent over the past 24 hours. Its lowest valuation as of Wednesday was US$3,650, and its highest was US$3,758.05.

Altcoin price update

  • Solana (SOL) was priced at US$196.95, down by 1.4 percent over 24 hours. Its lowest valuation on Wednesday was US$197.05 as the markets opened for the day, and its highest was US$205.29.
  • XRP was trading for US$3.44, down 2.0 percent in the past 24 hours and its lowest valuation of the day so far. Its highest valuation was US$3.57.
  • Sui (SUI) is trading at US$3.90, trading flat over the past 24 hours. Its lowest valuation of the day was US$3.87 and its highest was US$4.02.
  • Cardano (ADA) was trading at US$0.8596, down by 2.1 percent over 24 hours. Its lowest valuation on Wednesday was US$0.8572 and its highest was US$0.9028.

Today’s crypto news to know

Bitcoin millionaires surge by 16,000 in 2025, according to report

Nearly 16,000 new Bitcoin wallets have crossed the million-dollar threshold since Donald Trump assumed office in January 2025, according to a Finbold report.

The number of Bitcoin millionaires rose from 132,842 in November 2024 to 192,205 by July 20, marking a 45 percent increase in just eight months. Large holders with over US$10 million in BTC also saw gains exceeding 16 percent in the same period.

The surge is linked to renewed investor optimism following Trump’s reelection, along with clear signals of regulatory support and clarity for digital assets.

A significant boost came this week when the US House passed the “Genius Act,” the first federal stablecoin law in the country.

The legislation, expected to streamline compliance for institutions, is widely seen as the most comprehensive federal crypto framework to date.

The rapidly changing policy environment has encouraged capital inflows and bolstered confidence in US-based crypto markets, with the resulting daily average tallying to 88 new Bitcoin millionaires in 2025 alone.

South Korea warns fund managers to reduce exposure to crypto stocks

South Korea’s Financial Supervisory Service (FSS) has issued informal warnings to asset managers over their exposure to crypto-related stocks and ETFs.

According to the Korea Herald, firms with significant holdings in US-listed crypto companies such as Coinbase and Strategy (NASDAQ:MSTR) were reportedly told to scale back.

The directive follows the FSS’s longstanding 2017 stance prohibiting direct investment in virtual assets by financial institutions, despite recent global shifts in crypto regulation. While the agency has been reviewing possible easing of crypto rules, officials reportedly said that licensed entities must continue observing current guidelines.

The FSS has not yet issued a formal statement regarding the report.

PayPal unveils cross-border wallet platform

PayPal (NASDAQ:PYPL) has launched “PayPal World,” a cross-border payments network that integrates several of the world’s largest digital wallets, aiming to simplify international commerce for billions.

The platform’s initial partners include India’s UPI (via NPCI International), China’s Weixin Pay (via Tenpay Global), and PayPal’s own services including Venmo. A memorandum of understanding has also been signed with Mercado Pago in Latin America.

According to PayPal CEO Alex Chriss, the initiative allows users to pay with their native wallets regardless of location. Chriss called it a potential “game changer” for frictionless payments in travel and e-commerce.

“The challenge of moving money across borders is incredibly complex, and yet this platform will make it so simple for nearly two billion consumers and businesses,’ Chriss said a recent press release.

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

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

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