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Metal Bank: Copper, Gold-focused Exploration in Australia and the Middle East

Targeting high-demand copper-gold projects, Metal Bank (ASX:MBK) offers a compelling investment opportunity by exploring assets in Australia, Saudi Arabia and Jordan. The company focuses on optimizing and divesting the Livingstone gold project to generate capital for expanding its copper projects in the Middle East. Metal Bank’s strong regional presence, particularly in Saudi Arabia and Jordan, is underpinned by deep industry relationships and extensive operating experience.

The company is securing copper and other critical minerals projects in Saudi Arabia, through its joint venture company, Consolidated Mining Company (CMC). CMC is 60 percent owned by MBK and 40 percent by Central Mining Holding Company. Its first project, Wadi Al Junah, has been awarded exploration licences in November 2024.

Metal Bank

Wadi Al Junah is a joint venture through Consolidated Mining Company (CMC, MBK 60 percent). Exploration activities include regional geochemical surveys, surface mapping, and shear-zone anomaly identification. Phase 1 drilling is planned for Q2 2025.

Company Highlights

  • Strategically focused on copper exploration and development, leveraging extensive experience and partnerships in the MENA region. Aiming for long-term growth from copper assets.
  • Focused on the Livingstone gold project divestment, with ongoing JORC resource optimization, and strong corporate acquisition interest. If divested, proceeds are earmarked to fast-track exploration on the company’s copper projects.
  • Expanding in Saudi Arabia by progressing the Wadi Al Junah copper project through a joint venture with Central Mining Holding Company.
  • Disciplined capital allocation approach focused on low overheads and in-ground exploration investment.
  • The company’s leadership team brings a proven track record in Saudi Arabia and Australia of exploration success and project execution, positioning the company for long-term value creation in the critical minerals market.

This Metal Bank profile is part of a paid investor education campaign.*

Click here to connect with Metal Bank (ASX:MBK) to receive an Investor Presentation

This post appeared first on investingnews.com
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Investing

Metal Bank: Copper, Gold-focused Exploration in Australia and the Middle East

Targeting high-demand copper-gold projects, Metal Bank (ASX:MBK) offers a compelling investment opportunity by exploring assets in Australia, Saudi Arabia and Jordan. The company focuses on optimizing and divesting the Livingstone gold project to generate capital for expanding its copper projects in the Middle East. Metal Bank’s strong regional presence, particularly in Saudi Arabia and Jordan, is underpinned by deep industry relationships and extensive operating experience.

The company is securing copper and other critical minerals projects in Saudi Arabia, through its joint venture company, Consolidated Mining Company (CMC). CMC is 60 percent owned by MBK and 40 percent by Central Mining Holding Company. Its first project, Wadi Al Junah, has been awarded exploration licences in November 2024.

Metal Bank

Wadi Al Junah is a joint venture through Consolidated Mining Company (CMC, MBK 60 percent). Exploration activities include regional geochemical surveys, surface mapping, and shear-zone anomaly identification. Phase 1 drilling is planned for Q2 2025.

Company Highlights

  • Strategically focused on copper exploration and development, leveraging extensive experience and partnerships in the MENA region. Aiming for long-term growth from copper assets.
  • Focused on the Livingstone gold project divestment, with ongoing JORC resource optimization, and strong corporate acquisition interest. If divested, proceeds are earmarked to fast-track exploration on the company’s copper projects.
  • Expanding in Saudi Arabia by progressing the Wadi Al Junah copper project through a joint venture with Central Mining Holding Company.
  • Disciplined capital allocation approach focused on low overheads and in-ground exploration investment.
  • The company’s leadership team brings a proven track record in Saudi Arabia and Australia of exploration success and project execution, positioning the company for long-term value creation in the critical minerals market.

This Metal Bank profile is part of a paid investor education campaign.*

Click here to connect with Metal Bank (ASX:MBK) to receive an Investor Presentation

This post appeared first on investingnews.com
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Business

Amazon surpasses Walmart in revenue for the first time

Amazon has dethroned Walmart in quarterly revenue for the first time ever.

Amazon said earlier this month that it brought in $187.8 billion in revenue during the fourth quarter. That beat Walmart’s sales for the period, which came in at $180.5 billion, the company reported on Thursday.

Since 2012, Walmart has held the distinction of being the top revenue generator each quarter, a title it gained after overtaking oil giant Exxon Mobil.

Walmart still leads the way in annual sales, though Amazon is gaining ground. Walmart is projected to reel in $708.7 billion in the fiscal year ahead while Amazon’s full-year revenue for 2025 is expected to reach $700.8 billion, according to FactSet.

Amazon’s core retail unit remains its biggest revenue generator, but its top line is also being fueled by its massive cloud computing, advertising and seller services businesses. Third-party seller services, which includes commissions and fees collected by Amazon on fulfillment and shipping, advertising and customer support, accounted for 24.5% of the company’s total sales last year. Amazon Web Services was responsible for nearly 17%.

Walmart has looked to its chief rival for ways to sustain sales growth. The company operates a third-party marketplace and offers sellers fulfillment services, although both businesses are a fraction of the size of Amazon’s. Walmart has also launched an advertising business and a loyalty program for shoppers, called Walmart+, that competes with Amazon Prime.

— CNBC’s Robert Hum contributed to this report.

This post appeared first on NBC NEWS
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Politics

Ukraine war ‘will end soon’ under Trump’s leadership, US national security advisor vows

President Donald Trump’s leadership will soon bring an end to the war between Russia and Ukraine, National Security Advisor Mike Waltz vowed, assuring that Ukrainian President Volodymyr Zelenskyy would sign the deal. 

‘Under Trump, this war will end. And it will end soon,’ Waltz said at the Conservative Political Action Conference near the nation’s capital on Friday. ‘He is the president of peace.’

Waltz defended the Trump administration’s decision to come to the negotiating table with Russia during meetings in Saudi Arabia on Tuesday, echoing Thursday’s sentiments from Vice President JD Vance. 

‘You can’t end a war unless you talk to both sides, and that’s what we’re doing,’ Waltz said.

 

Waltz also said that the U.S. was coordinating with Ukraine, Russia and other European allies to determine everyone’s needs in order to secure a peace deal.  

On Thursday, Waltz told reporters at the White House that Trump’s frustration with Zelenskyy was increasing, and that Wednesday’s discussions between U.S. Special Envoy for Ukraine and Russia Keith Kellogg and Ukrainian officials were focused on helping Ukraine to ‘understand’ the war must end. 

‘It certainly isn’t in Russia’s interest or in the American people’s interest for this war to grind on forever and ever and ever,’ Waltz said on Thursday. ‘So a key part of his conversation was helping President Zelenskyy understand this war needs to come to an end.’

The increased pressure on Ukraine to agree to a deal comes on the heels of several tense days between Trump and Zelenskyy, as each hurled insults back and forth toward one another after meetings between U.S. and Russian officials. 

Ukraine was absent from the meetings, and Zelenskyy told reporters in Turkey that ‘nobody decides anything behind our back,’ after stressing in recent days that Kyiv would not agree to a peace negotiation without Ukraine’s input.

 

While Zelenskyy accused Trump of perpetuating Russian ‘disinformation’ on Wednesday, Trump took a jab back and labeled Zelenskyy a ‘dictator’ who has failed his country and suggested Ukraine initiated the war. Russia invaded Ukraine in February 2022.

Secretary of State Marco Rubio, Special Envoy to the Middle East Steve Witkoff and Waltz met in Riyadh, Saudi Arabia, on Tuesday with Russian Foreign Minister Sergey Lavrov and President Vladimir Putin’s foreign affairs advisor, Yuri Ushakov, to hash out ways to end the conflict.

U.S. officials also have met with Ukrainian officials about a peace deal, and Kellogg said Wednesday in a post on X that the U.S. remains committed to ending the war and finding ways to establish ‘sustainable peace.’

This post appeared first on FOX NEWS
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Politics

Trump envoy for Russia and Ukraine calls Zelenskyy a ‘courageous leader’ after Trump lambasts foreign figure

Assistant to the President and Special Presidential Envoy for Russia and Ukraine Keith Kellogg called Ukrainian President Volodymyr Zelenskyy a ‘courageous leader’ in a tweet after President Donald Trump assailed the foreign figure as ‘A Dictator without Elections’ earlier this week.

Kellogg met with Zelenskyy this week.

‘A long and intense day with the senior leadership of Ukraine. Extensive and positive discussions with @ZelenskyyUa, the embattled and courageous leader of a nation at war and his talented national security team,’ Kellogg tweeted.

Fox News Digital reached out to the White House for comment on Friday but did not receive a response in time for publication.

Kellogg’s positive characterization of Zelenskyy came after Trump targeted the Ukrainian president on Truth Social this week. 

Waltz says Zelenskyy should

‘A Dictator without Elections, Zelenskyy better move fast or he is not going to have a Country left,’ Trump declared in the post. 

America has provided billions worth of aid to assist Ukraine as the embattled Eastern European nation fights Russia.

But Trump is seeking an end to the deadly, years-long Russia-Ukraine war. 

Trump and Zelenskyy spar amid peace talks

‘In the meantime, we are successfully negotiating an end to the War with Russia, something all admit only ‘TRUMP,’ and the Trump Administration, can do. Biden never tried, Europe has failed to bring Peace, and Zelenskyy probably wants to keep the ‘gravy train’ going. I love Ukraine, but Zelenskyy has done a terrible job, his Country is shattered, and MILLIONS have unnecessarily died,’ he asserted in the Truth Social post.

This post appeared first on FOX NEWS
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Politics

House GOP elections chair makes explosive prediction despite Dems’ heavier cashflow

The chairman of House Republicans’ campaign arm is dismissing potential ‘headwinds’ against the GOP in its fight to keep control of the chamber for President Donald Trump’s entire second term.

National Republican Congressional Committee (NRCC) Chair Richard Hudson, R-N.C., expressed confidence Republicans would keep the House in 2026 after the group’s Democratic counterpart out-raised the NRCC in the first month of 2025.

‘Despite the national narrative and headwinds, House Republicans once again delivered and earned the votes of the American people,’ Hudson told Fox News Digital of the prior election cycle.

He pledged Republicans would ‘raise the funds necessary to retain and grow this majority.’

‘Last cycle, the NRCC used every dollar to maximize turnout, support our candidates, and secure 74.5 million votes cast for a Republican for Congress,’ Hudson said. ‘I’m confident in our plan to win again in 2026.’ 

The Democratic Congressional Campaign Committee (DCCC) announced earlier this week that it raised over $9 million in the month of January, its best ever total for that month in a non-election year.

‘Only one month into the Republican trifecta and it’s clear House Republicans have no plans to lower costs or address issues that matter to everyday Americans, instead choosing to cater to their billionaire benefactors,’ DCCC Chair Suzan DelBene, D-Wash., said in a press release.

‘House Democrats will hold House Republicans accountable for their failure to deliver on their campaign promise.’

The NRCC raised just under $6 million in the same period, according to financial data viewed by Fox News Digital.

It is not uncommon for the minority party in the House or Senate to outraise the party in power, particularly in the months immediately after an election. The national Democratic Party also notably outraised the GOP in the election period from Jan. 2023 through Sept. 2024, according to federal election data.

The DCCC outraised the NRCC by roughly $78 million in that period.

Despite that, Republicans kept the House and flipped control of the White House and Senate.

Political history dictates that the trifecta will not hold for long – the first midterm after the White House changes hands traditionally sees a political backlash against the president’s party, particularly if they held Congress for their first two years.

However, Hudson told Fox News Digital that he sees Republicans breaking that trend in an interview during the annual House GOP retreat in Miami late last month.

Trump is in his second term, and Hudson argued that the 2024 presidential race was a referendum between two clear White House records.

‘He has a mandate that I think is unique in history. And so this isn’t a first-term president going into his first midterm. I mean, this is someone the American people know, and they’ve chosen,’ Hudson said.

He also pointed out that Democrats will be defending 13 lawmakers whose districts Trump won, while Republicans only had to hold onto three seats that voted for former Vice President Kamala Harris in 2024.

‘The battlefield out there for us going into 2026 favors Republicans,’ Hudson said. 

An internal GOP memo shared with Fox News Digital shows the NRCC nearly doubled its grassroots fundraising from $1.7 million in January 2023 to $3.2 million in January 2025.

‘Comparing January 2025 to previous cycles, the NRCC is in the top half for fundraising and the bottom half for spending,’ the memo said.

This post appeared first on FOX NEWS
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World

Berlin police searching for suspect after Holocaust memorial incident

Police say they are looking into an incident at the Memorial to the Murdered Jews of Europe in central Berlin’s Mitte neighborhood on Friday that left one man “seriously injured by an unknown person.”

The search for the suspect is ongoing. Police said they believe the suspect acted alone, based on witness testimony.

Investigations are now under way and rescue workers are attending to several witnesses at the scene, police said in a statement posted on X.

This is a breaking news story and will be updated.

This post appeared first on cnn.com
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Investing

IperionX Announces US$47.1 Million Titanium Deal with US Department of Defense

The US Department of Defense (DoD) has awarded titanium metal and critical materials company IperionX (ASX:IPX,NASDAQ:IPX) a contract for up to US$47.1 million in funding.

The strategic partnership will focus on strengthening the US Defense Industrial Base by accelerating the development of a resilient, low-cost and fully integrated American mineral-to-metal titanium supply chain.

The DoD and IperionX will put a combined US$70.7 million into the endeavor, which will involve a two phase development program that will take place over a period of two years.

Under the initial phase of the deal, the DoD will provide US$5 million through the Industrial Base Analysis and Sustainment program, while US$1 million will be contributed by IperionX.

The funds will be used to advance the Tennessee-based Titan critical minerals project to shovel-ready status.

“For too long, American industry has been reliant on foreign-controlled supply chains for this critical high-strength metal. IperionX’s proprietary technologies, combined with the Titan Project, offer a pathway for a resilient end-to-end U.S. titanium supply chain,” said IperionX CEO Anastasion Arima in a Monday (February 17) release.

The DoD will allocate the remaining US$42.1 million outlined in the contract over time; this money will support vertical integration and boost titanium production at IperionX’s Virginia facility.

The Virginia facility is the first 100 percent recycled titanium metal powder facility.

The DoD’s support for IperionX comes after it completed market research aimed at finding ‘practical alternatives’ to the import-reliant US supply chain for high-purity titanium sponge and titanium alloy metals.

It solicited proposals from industry in 2024, and ultimately selected IperionX.

US Geological Survey data shows that titanium sponge metal was produced by one operation in Utah in 2024, with US producers of titanium ingot and downstream products “relying on imports of titanium sponge and scrap.”

Meanwhile, the US produced 100 metric tons of ilmenite, the primary titanium ore, last year.

“Titanium is a critical material for the aerospace, defense, automotive, space, and consumer industries, but its high cost and reliance on foreign supply chains have limited its broader adoption,” IperionX said.

‘(We) look forward to working closely with the DoD and industry partners to execute this landmark initiative.”

Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com
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Investing

Crypto Market Recap: SEC Dismisses Coinbase Case, Debuts New Cyber Fraud Unit

Here’s a quick recap of the crypto landscape for Friday (February 21) as of 9:00 AM UTC.

Bitcoin and Ethereum price update

Bitcoin (BTC) is currently trading at US$98,110, reflecting a 0.46 percent increase over the past 24 hours. The day’s trading range has seen a high of US$99,505 and a low of US$97,355.

Ethereum (ETH) is priced at US$2,733.83, marking a 0.51 percent rise over the same period. The cryptocurrency reached an intraday high of US$2,839.50 and a low of US$2,708.75.

Altcoin price update

  • Solana (SOL) is currently valued at US$174.42, up 1.17 percent over the past 24 hours. SOL has experienced a high of US$180.29 and a low of US$171.80 during today’s trading session.
  • XRP is trading at US$2.62, reflecting a 2.60 percent decrease over the past 24 hours. The cryptocurrency recorded an intraday high of US$2.72 and a low of US$2.60.
  • Sui (SUI) is priced at US$3.43, showing a 2.70 percent increase over the past 24 hours. It achieved a daily high of US$3.56 and a low of US$3.34.
  • Cardano (ADA) is trading at US$0.796534, reflecting a 0.20 percent increase over the past 24 hours. Its highest price today was US$0.816708, with a low of US$0.787567.

Crypto news to know

SEC agrees to dismiss Coinbase case

Coinbase announced that the US Securities and Exchange Commission (SEC) has agreed to dismiss its case against the cryptocurrency exchange, pending final commission approval.

The SEC initially sued Coinbase in June 2023, alleging it operated as an unregistered securities platform and brokerage service. The regulator accused Coinbase of generating billions in revenue while failing to provide necessary investor protections.

Coinbase shared the update on social media platform X, stating, “But this isn’t the end. It’s the beginning. And if there were ever a time to build—that time is now. Thank you to everyone who stood with us, and stood with crypto.”

The crypto industry has experienced several policy victories under the current administration, including the repeal of a controversial accounting rule by the SEC and an executive order exploring crypto-friendly regulatory changes. Additionally, the SEC recently asked a federal court to pause its ongoing litigation against Binance, as agency leadership reevaluates its enforcement strategies.

Shares of Coinbase rose 3 percent at market open on Friday following the announcement, though the SEC has yet to confirm the decision. This move aligns with the Trump administration’s broader shift toward a more lenient stance on cryptocurrency regulation.

SEC forms cyber and emerging technologies unit

The SEC announced the creation of the Cyber and Emerging Technologies Unit (CETU) to address fraud and cybercrime in the cryptocurrency and blockchain sectors.

This new unit replaces the SEC’s Crypto Assets and Cyber Unit and will focus on protecting investors from fraudulent schemes tied to emerging technologies.

The CETU will consist of approximately 30 fraud specialists and attorneys from various SEC offices, with Laura D’Allaird leading the division. D’Allaird, previously head of the Crypto Assets and Cyber Unit, played a key role in past enforcement actions, including the SEC’s case against Kik Interactive for securities law violations.

The unit’s expanded scope will include fraud investigations related to artificial intelligence, blockchain, and social media-driven investment schemes.

This development follows ongoing concerns about crypto fraud, highlighted by the LIBRA meme coin scandal involving Argentine President Javier Milei.

The fraudulent token, promoted within the meme coin community, resulted in over $250 million in investor losses before its abrupt collapse. Decentralized exchange Jupiter confirmed that insider trading was widely suspected in the token’s pump-and-dump scheme.

In 2024, the SEC initiated 33 enforcement actions related to crypto fraud, securing $8.2 billion in penalties. A significant portion came from the SEC’s case against Terraform Labs and its founder, Do Kwon. Under the Biden administration, the SEC took an aggressive stance on digital asset regulation, which is now shifting under new leadership.

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.

This post appeared first on investingnews.com
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Investing

Jindalee to Participate in PDAC Convention and Redcloud’s Pre-PDAC Mining Showcase

  • Jindalee will be attending the PDAC Convention in Toronto, Canada over 2-5 March 2025

  • Jindalee will present to a North American investor audience at Redcloud’s 13th annual Pre-PDAC Mining Showcase in Toronto over 27-28 February 2025

  • Redcloud is a Canadian-based investor relations group specialising in the junior resources sector

Jindalee Lithium Limited (ASX: JLL) (OTCQX: JNDAF) (Jindalee, the Company) is pleased to announce that the Company will participate in both the Prospectors and Developers Association of Canada (PDAC) Convention and the Pre-PDAC Mining Showcase, hosted by Redcloud Financial Services Inc. (Redcloud), a globally oriented resource focused financial services platform.

Jindalee can be found at booth 2606 in the Investors Exchange Exhibition Room at the PDAC Convention which will be attended by Jindalee’s Chief Executive Officer, Ian Rodger. PDAC, regarded as one of the world’s premier resources conferences, will run from Sunday, 2 March 2025 until Wednesday, 5 March 2025 at the Metro Toronto Convention Centre in Ontario, Canada.

Jindalee is also participating in Redcloud’s Pre-PDAC Mining Showcase at the Omni King Edward Hotel in Toronto over Thursday 27 and Friday, 28 February 2025. Ian will be presenting at the Pre-PDAC Mining Showcase at 4.00pm local time on Friday, 28 February 2025. Jindalee will also be available to engage with investors in one-on-one meetings at the Pre-PDAC Mining Showcase and encourages interested investors to register for the event.

Jindalee looks forward to updating the North American mining and investment communities on progress at its 100% owned McDermitt Lithium Project which hosts one of the largest lithium resources in the U.S. The Pre-Feasibility Study at McDermitt, released in November 2024, outlines a highly robust multi-generational battery chemicals project1.

To register for the PDAC Convention visit here: https://pdac.ca/convention-2025/attending-2025/registration-2025

For more information and to register for the Pre-PDAC Conference please visit: https://redcloudfs.com/prepdac2025/

Authorised for release by the Jindalee Board of Directors. For further information please contact:

LINDSAY DUDFIELD IAN RODGER
Executive Director  Chief Executive Officer
T: + 61 8 9321 7550 T: + 61 8 9321 7550
E: enquiry@jindaleelithium.com E: enquiry@jindaleelithium.com

 

About Jindalee

Jindalee Lithium is an Australian company focused on developing the McDermitt Lithium Project, one of the largest lithium resources in the U.S. With 100% ownership and unencumbered offtake rights, Jindalee is strategically positioned to support America’s energy security and domestic supply of critical minerals. The Company recently completed a Pre-Feasibility Study (PFS) confirming McDermitt’s scale, long-life, and low-cost production potential, with strong engagement from U.S. government agencies, including the Department of Energy and Department of Defense. As a deeply undervalued lithium developer, Jindalee presents a compelling investment opportunity ahead of the next lithium market upcycle.

Competent Persons Statement

The Company confirms that it is not aware of any further new information or data that materially affects the information included in the original market announcements by Jindalee Lithium Limited referenced in this report and in the case of estimates of Mineral Resources, that all material assumptions and technical parameters underpinning the estimates in the relevant market announcements continue to apply and have not materially changed. To the extent disclosed above, the Company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcements.

Forward-Looking Statements

This document may contain certain forward-looking statements. Forward-looking statements include but are not limited to statements concerning Jindalee Lithium Limited’s (Jindalee’s) current expectations, estimates and projections about the industry in which Jindalee operates, and beliefs and assumptions regarding Jindalee’s future performance. When used in this document, the words such as ‘anticipate’, ‘could’, ‘plan’, ‘estimate’, ‘expects’, ‘seeks’, ‘intends’, ‘may’, ‘potential’, ‘should’, and similar expressions are forward-looking statements. Although Jindalee believes that its expectations reflected in these forward-looking statements are reasonable, such statements are subject to known and unknown risks, uncertainties and other factors, some of which are beyond the control of Jindalee and no assurance can be given that actual results will be consistent with these forward-looking statements.

________________________
1Jindalee Lithium ASX announcement 19/11/2024: ‘McDermitt Lithium Project Pre-Feasibility Study’

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/241723

News Provided by Newsfile via QuoteMedia

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