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The Syrian asylum seeker suspected of carrying out a deadly stabbing rampage in the Austrian town of Villach is believed to be a follower of Islamic State who was radicalized online, authorities said on Sunday.

A 14-year-old boy was killed in Saturday’s attack and five other people were wounded, police said at a press conference.

Interior Minister Gerhard Karner said the 23-year-old Syrian man arrested soon after the attack had been rapidly radicalized on the internet and that the Islamic State (IS) flag had been found in his apartment. Authorities said the man had sworn an oath of allegiance to IS.

The bloodshed in Villach followed the thwarting of a plot in August to carry out a suicide attack at a Taylor Swift concert in Vienna by a teenager who had sworn loyalty to IS.

Saturday’s rampage also came just days after an attack on Thursday in Munich in neighboring Germany by an Afghan national who drove his car into a crowd, injuring dozens of people, two of whom later died.

It took place at a time of political tension in Austria, where the far-right Freedom Party (FPO) – which won September’s parliamentary election – said last week it was unable to form a coalition government.

Centrist parties are now discussing whether they could try to form a government while the president considers options including moving the country towards a snap election.

Railing against illegal immigration and pledging to increase deportations to countries such as Syria and Afghanistan, which it is currently illegal to deport people to, are central to the FPO’s platform, and the party quickly seized on the Villach attack.

“No migrant would be able to commit murder or any other crime in our country if they were not in Austria in the first place,” FPO leader Herbert Kickl said in a statement posted on social media.

This post appeared first on cnn.com

A shipment of heavy bombs from the United States has arrived in Israel, as Marco Rubio visits the country on his first official trip to the region since becoming US Secretary of State.

The munitions were sent after President Donald Trump’s administration last month lifted a hold on the deliveries, Israel’s Ministry of Defense said Sunday.

Israel’s defense minister Israel Katz said the shipment of MK-84 munitions “represents a significant asset for the Air Force and the IDF and serves as further evidence of the strong alliance between Israel and the United States,” in a statement from his ministry. Katz thanked Trump and the US administration for their “unwavering support.”

The new administration’s release of the heavy bomb shipments rolled back one of the few Biden-era policies meant to exert leverage on Israel during its war in Gaza. Former President Joe Biden had restricted the delivery of the 2,000-pound bombs out of concern they could be used indiscriminately by Israel’s military in densely populated areas of Gaza.

Despite causing tensions between Biden and Israeli Prime Minister Benjamin Netanyahu, the move did not portend any major changes in the war. Nor did it significantly improve Biden’s standing among critics of the war, who argued for significantly tighter restrictions on American arms sales to Israel.

The head of Gaza’s Government Media Office Salama Maroof criticized the US decision to send the heavy bombs. “Instead of sending food, medicine, water, or shelter and building materials to the victims in the Gaza Strip, even with a humanitarian motive, the United States of America, the first democracy in the world and a pioneer of human rights, as it describes itself, supports the criminal occupation army with 1,800 heavy MK bombs,” Maroof said.

Rubio landed in Tel Aviv on Saturday night, where he was greeted by Israel’s Foreign Minister Gideon Sa’ar on the first leg of his trip to the region. He is meeting with Netanyahu at his office in Jerusalem Sunday morning, where US President Donald Trump’s controversial proposal to “take over” the Gaza Strip is likely to come under discussion.

It also comes a day after three Israeli hostages were released by Hamas as part of a US-mediated ceasefire agreement.

Before his meeting with Netanyahu, Secretary Rubio attended mass at the historic Church of the Holy Sepulchre, according to a State Department official. A news conference is expected later today.

Rubio is also scheduled to visit Saudi Arabia and the United Arab Emirates (UAE) as part of his travels.

This post appeared first on cnn.com

Gold continued its record-setting rise this week, moving cleanly past the US$2,900 per ounce mark on Monday (February 10) and continuing on up. At the time of this writing on Friday (February 14), the yellow metal’s highest price for the period was about US$2,933.

Trade war concerns remain front and center, with US President Donald Trump saying on Monday that he would be imposing 25 percent tariffs on all steel and aluminum imports to the country.

The levies will take effect on March 12, and are geared at bolstering US production and jobs.

Trump escalated tariff talk even further on Thursday (February 13) by announcing reciprocal tariffs on goods coming into the US. They could start being put in place within weeks, and will reportedly be based on which tariffs individual countries have imposed on the US.

‘I have decided for purposes of fairness that I will charge a reciprocal tariff. Meaning whatever countries charge the United States of America we will charge them, no more no less’ — US President Donald Trump

Although one of Trump’s campaign promises was to curb inflation, he’s said tariffs could initially send prices higher for American buyers. Time will tell, but new consumer price index (CPI) and producer price index (PPI) data shared this week confirms that inflation continues to be sticky.

Bureau of Labor Statistics information shows CPI was up 3 percent year-on-year in January, above analysts’ expectations and higher than the 2.9 percent rise seen in December. On a monthly basis, CPI was up 0.5 percent, its biggest increase since August 2023. Core CPI, which excludes the volatile food and energy categories, was up 3.3 percent year-on-year and 0.4 percent from the previous month.

January PPI numbers also came in hotter than expected, rising 0.4 percent from December and 3.5 percent compared to January 2024. PPI tracks inflation before it reaches consumers.

During his semiannual testimony to Congress US Federal Reserve Chair Jerome Powell commented on the state of the economy, saying that the central bank isn’t in a hurry to reduce interest rates further.

‘With our policy stance now significantly less restrictive than it had been and the economy remaining strong, we do not need to be in a hurry to adjust our policy stance’ — Jerome Powell, US Federal Reserve

Gold tends to fare better when rates are lower, but lately has been bucking the trend — its historic price run began even before the Fed started cutting.

Bullet briefing — US seeks Ukrainian rare earths

US seeks Ukrainian rare earths

Ukraine may strike a rare earths supply deal with the US as the country looks to secure continued support in its war against Russia. Trump said last week that he expects ‘equalization’ from Ukraine for the help it has received, explaining that he wants to see in the form of US$500 billion worth of rare earths.

‘We’re telling Ukraine they have very valuable rare earths. We’re looking to do a deal with Ukraine where they’re going to secure what we’re giving them with their rare earths and other things’ — US President Donald Trump

The president’s comments have raised numerous questions, including whether he’s referring specifically to rare earths, or to critical minerals in general.

Experts have also weighed in on whether Ukraine has the ability to supply such a large amount of material to the US — the Associated Press notes that existing geological studies are ‘largely inadequate’ and states that 40 percent of Ukraine’s metallic mineral resources are inaccessible due to Russian occupation.

It remains to be seen how this situation will play out, but it’s worth noting that Ukraine’s president appears encouraged by discussions with Trump.

‘Very substantive negotiations with the United States of America. I had a conversation with President Trump – a good and detailed discussion; I am grateful to the President for his genuine interest in our shared opportunities, in how we can work together to bring real peace closer’ — Ukraine President Volodymyr Zelensky

Send us your questions

We’ll be speaking with Kevin Wadsworth and Patrick Karim of Northstar Badcharts, Craig Hemke of TFMetalsReport.com and Yvonne Blaszczyk of BMG Group. Leave a comment below with your thoughts.

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

This post appeared first on investingnews.com

President Donald Trump derided former Senate Republican leader Mitch McConnell, R-Ky., as ‘not equipped mentally’ after he went from being the face of the GOP in the upper chamber to opposing his entire conference and voting with the Democrats on Trump’s key Cabinet nominations in just a matter of months. 

‘He wasn’t equipped ten years ago, mentally, in my opinion,’ Trump told reporters at the White House after McConnell refused to vote in favor of confirming his controversial Health and Human Services (HHS) pick, Robert F. Kennedy Jr. 

‘He’s a, you know, very bitter guy,’ Trump added of McConnell, with whom he has had a strained relationship with over the years, including during his previous presidency. 

While such a shift from GOP leader to defiant Republican might be optically jarring, the move was unsurprising to Jim Manley, former senior communications advisor and spokesman for former Democratic Senate Majority Leader Harry Reid and the Senate Democratic Caucus. 

‘He was living on borrowed time the last couple of years,’ he told Fox News Digital of McConnell. Manley speculated that if he hadn’t decided to step down from leadership voluntarily before the 119th Congress, he would have had significant trouble being re-elected. ‘[I]t’s evident just how exactly out of step he is with the caucus,’ he said, noting that it has become ‘much more conservative.’

In three pivotal Senate votes on Trump’s most vulnerable Cabinet nominees in the last few weeks, McConnell bucked his party. Defense Secretary Pete Hegseth’s nomination was confirmed by a razor-thin margin, 51-50, after Vice President JD Vance was called in to break the tie. 

Moderate GOP Sens. Susan Collins, R-Maine, and Lisa Murkowski, R-Alaska, joined him in voting against the controversial defense pick.

However, McConnell was the only Republican to vote against the similarly controversial Director of National Intelligence (DNI) nominee Tulsi Gabbard and HHS pick Kennedy. Even Collins, Murkowski, and several other senators with reputations for being somewhat hesitant got behind them.

‘If Senator McConnell was looking to accelerate the deterioration of his legacy as the former Republican Senate leader, he’s succeeded,’ a Senate GOP source remarked. They described the Kentucky Republican’s actions as ‘an attempt to embarrass the president and the Republican Party’ and evidence ‘of why he was no longer fit to lead our conference.’ 

McConnell released lengthy statements following each vote, explaining his reasoning. He also wished each of them well and committed to working with them.

A defense hawk and chairman of the Senate Committee on Appropriations Defense Subcommittee, McConnell was unconvinced that Hegseth or Gabbard were the best national security selections. 

As for Kennedy, McConnell recalled his childhood experience with polio and touted the effectiveness of vaccines, of which the now-HHS secretary has been consistently critical. 

McConnell did vote in favor of Trump’s other, less-controversial and lesser-known Cabinet nominees. 

Republican strategist Matt Dole called the former leader ‘an enigma.’ 

‘[H]e sought to rule the Republican Caucus with an iron fist when he was leader,’ he pointed out. 

‘That makes his own, lonely, votes stand out as all the more egregious.’

McConnell’s successor, Senate Majority Leader John Thune, R-S.D., reacted to the ‘no’ votes in an interview with Fox News Digital. ‘I think he knows better than anybody how hard it is to lead a place like the United States Senate, where it takes 60 votes to get most things done, and that you got to have everybody, sort of functioning as a team,’ he said. 

According to Thune, McConnell ‘is still active up here and still a strong voice on issues he’s passionate about, including national security, and so when it comes to those issues, he has outsized influence and a voice that we all pay attention to.’

He explained that while the conference doesn’t necessarily agree with him, ‘we respect his positions on these, some of these [nominations], and I know that a lot of big stuff ahead of us, he’s going to be with us. He’s a team player.’

One former top Senate Republican strategist explained the former leader has ‘nothing to lose’ at this point. In fact, they said, the feelings he is expressing about Trump’s most controversial selections actually reflects those of a number of other senators. But they can’t oppose the picks themselves ‘for fear of retribution by Trump or primary voters that will make a difference on whether or not they remain in power.’

‘Not being in leadership can be quite liberating,’ GOP strategist John Feehery added. 

According to Grant Reeher, a political science professor at Syracuse University, ‘I think he wants to make a symbolic statement in favor of an older Reagan-era type of conservatism and a more traditional Republican Party—this is the way he wants to be remembered.’

McConnell’s office declined to comment to Fox News Digital.

This post appeared first on FOX NEWS

Rep. Marlin Stutzman, R-Ind., has spent the better part of the last decade in Indiana, running various businesses and coaching his sons’ baseball team. 

Before that, he had a front-row seat for most of the Obama administration, followed by the meteoric and unprecedented rise of now-President Donald Trump. Stutzman was a part of political history himself, having been one of the original members of the House Freedom Caucus — a group that has grown to be known as a bastion of ideological conservatism and, at times, a thorn in the side of House GOP leaders.

Now he’s back as one of several first-term House Republicans, succeeding Sen. Jim Banks, R-Ind., as a member of a perilously thin House GOP majority.

But according to Stutzman, who previously served in Congress from 2010 to 2017, he sees Republicans as more aligned with each other than before.

‘I feel like it’s different. I don’t think the GOP conference is as far apart — you know, moderates to conservatives — as it was back in 2010,’ he told Fox News Digital in an interview.

‘I was looking at the membership in 2010, and there were true moderates. I think we’re actually much closer together now than what we were back then. And, of course, we had large majorities. So that creates other challenges. So having a tight majority is not a bad thing at all. It actually makes you unify.’

He credited that re-alignment in large part to Trump, pointing out that he and other Republicans were first elected in 2010 as a backlash against former President Barack Obama rather than in support of the leading party’s agenda.

‘We won the 2010 election because it was a reaction to Obama. And in 2020 — I mean, you could say every election is a reaction to the incumbent party, but I think in this case, after the Biden years, the American people elected Trump because they believed he could move the country forward,’ Stutzman said.

‘And so we have a leader that is casting a vision and is clear in his messaging, and it gives us the chance to, you know, coalesce behind his leadership. So that’s a huge help, compared to 2010.’

He also disputed the notion that the Freedom Caucus was founded to be ‘obstructionist’ to House GOP leaders, despite members of the group leading well-known coups against senior Republicans in the past.

‘There’s a lot of smart people that wanted to just be part of a group that looked at things from every angle and was really being productive. And so that’s why I wanted to join it, because I wanted to be at a place that I could learn, I could really dive deep and learn from other people and staff that were part of the caucus to really understand the policy, but also talk through the strategy,’ he said.

‘It was never designed to be an obstructionist caucus. There have been times that it’s definitely been labeled that and accused of that . . . any obstruction was to stop bad things from happening. Not to obstruct the good things from moving forward.’

Stutzman said that being a private citizen running businesses for eight years gave him perspective on the value of consensus-building, allowing him to return to Congress with an emphasis on the ‘big picture.’

‘You’re never going to get everything you want. You know, find a way to support the team and find a way to support us to a yes,’ Stutzman reflected. 

‘Now, look, there’s going to be times when you just say no, And that’s just part of negotiating. But I think the main thing is just fight hard, offer everything you have. But then at the end of the day, let’s take a win and then move on to the next fight.’

This post appeared first on FOX NEWS

Friedrich Merz, the 69-year-old veteran German politician with a hardline stance on migration and a love of aviation, is the favorite to become the country’s next chancellor in the federal election on February 23.

But who is the old-school conservative who wants to rid his party, the Christian Democratic Union (CDU), of former leader Angela Merkel’s centrist legacy?

His long-time rival’s decision to leave the top job in 2021 prompted Merz to come out of political hibernation and run for the party leadership. After two failed bids, he was eventually selected to lead the CDU in 2022.

Now, he appears to have the chancellery within his grasp after the November collapse of Germany’s governing coalition – made up of the Social Democrats (SPD), Free Democratic Party (FDP) and the Greens – which paved the way for the snap election.

If his party comes out on top, Merz stands to take the helm of a country mired in crises – although it may take weeks to form a governing coalition. He has pledged to reboot Germany’s large economy after years of uncharacteristic stagnation, crack down on migration, and lower taxes, all while attempting to wrestle back votes from the far right.

Despite his party comfortably topping polls, his campaign has not been all smooth sailing. A dalliance with the hard-right Alternative for Germany (AfD) three weeks before the election drew criticism – and accusations he had breached the mainstream parties’ “firewall” against the AfD.

Beer-coaster economics

Merz was born in 1955 into a conservative, Catholic family in the North Rhine-Westphalia town of Brilon, in central Germany, and joined the CDU’s youth wing while still in school. He entered politics full-time in 1989, when he was elected to the European Parliament at the age of 33.

After serving one term as an MEP, Merz, a married father-of-three, was elected to the Bundestag – Germany’s parliament – and established himself as a leader in financial policy. In 2003, he famously argued that German tax rules should be simple enough to calculate on the back of a beer coaster.

A growing feud with Merkel eventually pushed him to leave politics, however.

Merz, who appealed to the CDU’s more traditionalist, right-wing faction, lost out to Merkel in a party leadership contest in 2000.

Merkel’s leadership signaled a break from the CDU’s norm; she was its first female leader, with a Protestant – rather than Catholic – background and centrist leanings.

The pair’s rivalry became more apparent in 2002, when Merz was pushed aside as leader of the opposition in the Bundestag in favor of Merkel.

By late 2009, Merz had fully joined the private sector.

He worked as a lawyer and senior counsel at the international law firm Mayer Brown, among other positions. These ventures made him a multi-millionaire, according to German business newspaper Handelsblatt.

This background may have persuaded voters that Merz is a man who can do business; a desirable skill for anyone hoping to fix Europe’s largest economy, which contracted for a second year running in 2024.

Merkel’s ‘carpet of fog’

Nine years after he left politics, the announcement of Merkel’s resignation from Germany’s top job paved the way for Merz to re-enter. After two failed bids for CDU party leadership, in 2018 and 2021, he was selected to lead in 2022, cementing his political comeback.

Merz’s desire to distance himself from Merkel’s legacy is clear. He has sought to bring the CDU further to the right than it was under Merkel, partly to try to stop voters turning to the far right, while advocating for a more pro-market economy.

In an interview with German broadcaster ZDF in 2019, he described his predecessor’s “idle” leadership as like a “carpet of fog” over the country, and has said he sees her “open door” refugee policy during the 2015 migrant crisis as a grave error.

Merkel, for her part, criticized Merz in a rare political intervention in January, after he pushed through an immigration bill with help from the AfD – now the CDU’s main rival. The bill was ultimately defeated by the German parliament.

His campaign for the chancellery has largely focused on bread-and-butter issues like tax cuts, deregulation and incentives to work.

Merz drives a hard line on immigration and sees curbing irregular migration to Germany as the most pressing task if he is elected, according to German news magazine Der Spiegel. He has called for asylum seekers arriving from other European Union member states to be rejected at Germany’s land borders.

Merz has criticized liberal welfare benefits and accused Ukrainian refugees of “social tourism” – a phrase he later apologized for using. Overall, he promises to slash welfare spending, telling The Economist in a rare sit-down interview in the lead-up to the election that he wants to avoid “paying people who are not willing to work.”

Merz and the CDU support Germany’s continued military aid to Israel amid its war in Gaza, while also advocating for a two-state solution as the long-term goal. In a televised debate with Chancellor Olaf Scholz earlier this month, Merz expressed unease over US President Donald Trump’s proposal to “take over” Gaza, while also suggesting it remains to be seen “what is really meant seriously.”

On the topic of sending aid to Ukraine, Merz has advocated a more hands-on approach than the outgoing SPD-led coalition. He supports the delivery of long-range Taurus cruise missiles to Kyiv – something Scholz’s government has refused for fear of drawing Germany into the conflict.

Merz was vague when questioned by The Economist on the issue of Germany’s defense spending, although he acknowledged that it would have to increase in the long run. US Defense Secretary Pete Hegseth this week reiterated his administration’s demand for NATO members to spend 5% of GDP on defense at a meeting with US allies in Brussels.

Germany’s government last month said it had met NATO’s target to spend 2% of its GDP on defense after establishing a special fund in the wake of Russia’s full-scale invasion of Ukraine – yet this falls significantly short of the Trump administration’s demand.

In his spare time, Merz is an amateur pilot, sometimes flying his own private plane – an expensive hobby for a man who once described himself to German tabloid Bild as “upper middle class.”

This post appeared first on cnn.com

Iryna Danilovich disappeared while returning from work in April 2022. It would be two weeks before Russian authorities admitted she was in their custody. The human rights activist and nurse was detained in the Russian-occupied Ukrainian peninsula of Crimea, accused of illegal possession of explosives and sentenced to seven years in prison. In her trial, Danilovich testified that she was tortured during her detention.

She has since been deported to a notoriously cruel women’s penal colony in Zelenokumsk, southern Russia. She suffers from constant headaches and her health continues to deteriorate – yet she is not allowed to sit or lie down during the day, according to human rights monitoring group Zmina.

Ukraine has always called its areas under Russian control “temporarily occupied territories,” insisting it will eventually regain control over them. But that hope is being crushed now. This week, US President Donald Trump suggested it was “unlikely” Ukraine would get back much of its occupied land in the peace negotiations he intends to hold with Russian President Vladimir Putin. Danilovich’s case – and she is just one of thousands Kyiv says are detained in Russia – shows what is at stake for Ukraine.

Trump’s comment came after he held a 90-minute phone call with Putin on Wednesday, and it sparked panic across the country, where few believe Putin would negotiate in good faith.

Yuliya Kazdobina, a foreign policy expert at Ukrainian Prism, a think tank, said she doesn’t believe the Russian leader wants peace.

“We already had so many years of negotiations with the Russian side,” she said. Russia has a history of striking and violating agreements with Ukraine going back decades. In 1994, Ukraine agreed to give up its nuclear weapons in exchange for guarantees from the United States, United Kingdom and Russia that they would respect Ukraine’s sovereignty and territorial integrity. In 2015, after illegally annexing Crimea and sparking the conflict in eastern Ukraine, Moscow signed a ceasefire agreement only to then repeatedly violate it and then launch a full-scale invasion of Ukraine seven years later.

The view from Kyiv

Ukraine’s President Volodymyr Zelensky responded to the Trump-Putin call by saying his country would not accept a peace deal struck between the US and Russia without Kyiv’s involvement.

“As an independent country we simply cannot accept any agreements without us. And I articulate this very clearly to our partners. We will not accept any bilateral negotiations on Ukraine without us,” Zelensky said, adding that the fact that Trump spoke to Putin first was “not pleasant.”

“We may be left without the currently temporarily occupied territories, without parts of the Kherson region, Zaporizhzhia region and the long-suffering Crimea,” he said. “We must take back what is rightfully ours.”

Russian forces currently occupy nearly 20% of Ukraine’s territory, up from the roughly 7% it controlled before launching its unprovoked full-scale invasion nearly three years ago.

According to Ukrainian officials, some 6 million people, including 1 million children, live under Russian occupation, in what the United Nations has described as a “bleak human rights situation.”

Fears of history repeating itself

Crimea has been under Russian control since Moscow illegally annexed it in 2014. Since then, Russia has imposed a brutal and repressive regime, stomping out any sign of opposition.

Maksym Vishchyk, a lawyer at Global Rights Compliance, a non-profit that advises the Ukrainian authorities on investigating and prosecuting international crimes, said Moscow has repeated the same pattern across other occupied territories.

“And Crimea has been kind of their playbook. Policies and patterns and tactics (Russia) applied in Crimea were then applied as well in other occupied territories. So, we see essentially the same patterns in all occupied territories, both since 2014 and since 2022.”

The UN Human Rights Monitoring Mission in Ukraine has repeatedly reported the myriad human rights violations committed by Russia in occupied Ukraine – from unlawful detentions to sexual abuse to forcing people to accept Russian citizenship and sending their children to Russian schools and training programs.

Russia has repeatedly denied accusations of human rights abuses.

A dangerous precedent

“Given how many victims this war has already had, and to end it on someone else’s conditions… then why did these (Ukrainian soldiers) die and why did they defend these territories?” he said.

Soldiers fighting on the frontlines were likewise skeptical that negotiations between Trump and Putin could yield a result that would be palatable to many Ukrainians.

Volodymyr Sablyn, a battalion commander in the 66th mechanized brigade, who is fighting near Lyman in the east of the country, said that having Russia take over some of Ukraine’s territory could have dangerous consequences.

“It will set a precedent and show Russia that they can attack any country, take its territory and make it theirs with impunity in the future,” he said, adding that Russia could soon turn their focus on other smaller countries in its vicinity.

Putin has repeatedly made his goals clear: He wants to gain control over the entirety of Ukraine’s eastern Donetsk and Luhansk regions. But many in Ukraine are worried that even if he initially agrees to a ceasefire, he will ultimately instigate further fighting to achieve his endgame.

“No one and nothing will stop Putin from attacking us again and occupying another region or several more. If Europe and America don’t help us, then making peace now will most likely lead to war in a few years,” Sablyn said.

Dariya Tarasova-Markina contributed to this report.

This post appeared first on cnn.com

Investor Insight

A junior among the giants, Opawica Exploration’s strategic geographical advantage in the resource-rich Abitibi Greenstone Belt makes it a compelling investment opportunity.

Overview

Opawica Exploration (TSXV:OPW) is a Vancouver-based junior gold exploration company engaged in exploring and developing precious metal properties in Canada. Its flagship properties — Arrowhead, Bazooka and McWatters — are situated in the Abitibi Greenstone Belt, one of the most prolific gold-producing regions in the world. These projects, adjacent to some of the world’s largest gold producers, benefit from exceptional geological potential and established mining infrastructure.

Opawica Explorations projects

Opawica is committed to sustainable and efficient exploration, utilizing advanced geological modeling and modern technologies to unlock the potential of its projects. Led by a highly experienced management team, Opawica is well-placed to become a pioneer in the next Canadian gold rush.

Company Highlights

  • Opawica Exploration is focused on unlocking the value of its flagship projects through aggressive exploration and data-driven decision-making.
  • Its flagship Bazooka project is strategically located along the Cadillac Fault Zone and features high-grade mineralization with significant historical and recent drilling success.
  • The Arrowhead property, the company’s second flagship project, is located near major mining operations and is characterized by multiple mineralized zones and extensive drilling efforts confirming historical gold trends.
  • The McWatters property represents a high-potential opportunity for resource expansion with visible gold showings and limited past exploration.
  • The company’s portfolio of assets is in the Abitibi Greenstone Belt, one of the most prolific gold-producing regions globally, benefiting from exceptional geological potential and established mining infrastructure.
  • Historical exploration on the properties includes over US$5 million in spending, extensive drilling campaigns revealing bonanza-grade intercepts, and validating mineralization potential.

Key Projects

Project locations of Opawica Explorations

Bazooka Project (Flagship)

Located in Canada’s highly prolific Abitibi Greenstone Belt, Bazooka spans approximately 1,200 hectares along 7 km of the Cadillac-Larder Lake Break in Quebec. It is contiguous with Yamana Gold’s Wasamac property and Yorbeau Resources’ Rouyn property. Located near operational gold mines, the property has excellent access to roads, power and water, facilitating year-round exploration.

Gold mineralization at the Bazooka project is associated with quartz-carbonate-sericite and talc-chlorite schists within sedimentary and ultramafic to mafic volcanic rocks. The Main Zone features significant silicification and visible free gold.

Historical exploration efforts on the Bazooka property include development of a 125-meter shaft and 634 meters of drifts in the 1950s by Eldona Gold Mines, and subsequent drilling campaigns by Lake Shore Gold and RT Minerals, which reported highlights such as 316.23 grams per ton (g/t) gold over 1 meter and 7.8 g/t gold over 17 meters.

Gold mineralization at Opawica Explorations

Bazooka gold mineralization

Recent exploration work at Bazooka includes advanced 3D structural modeling and AI-driven target generation alongside multi-parameter airborne survey system (M-PASS) surveys. These efforts identified high-priority targets, culminating in the refinement of a robust geological model.

Going forward the company plans to complete approximately 10,000 meters of drilling across high-priority zones, focusing on resource delineation and advancing towards an economic assessment.

Arrowhead Project (Flagship)

The Arrowhead project is located in the Abitibi Greenstone Belt, surrounded by Agnico Eagle Mines’ holdings and near IAMGOLD’s Mouska Mine. Its proximity to established mines ensures access to robust infrastructure, including transportation networks and utility services, supporting efficient exploration efforts.

Opawica Exploration

The asset hosts gold-rich volcanogenic massive sulphide (VMS) deposits, polymetallic veins, and quartz-carbonate auriferous veins. Historical exploration at Arrowhead identified 40 mineralized zones through drilling, alongside geochemical surveys that revealed VMS-style signatures and strong potential for gold mineralization.

A 2022 drill program consisting of 14 holes totaling 4,306 meters confirmed historical mineralization trends and extended gold anomalies. The integration of AI-driven geological modeling by ALS GoldSpot Discoveries further enhanced target generation for future drilling.

The company plans to initiate an exploration campaign on 25 permitted high-priority targets, aiming to validate and expand existing mineralized zones and progress the property towards resource estimation.

McWatters Project

Located along the Cadillac Fault Zone, adjacent to Yorbeau Resources’ Astoria Mine, the McWatters project benefits from a strategic location within a developed mining district, ensuring access to established roads, power and water infrastructure, facilitating logistical efficiency for exploration activities.

Mineralization at the McWatters property includes visible gold in quartz veins within deformation zones. Historical assays include 7.89 g/t gold over 3.05 meters. Limited historical exploration on McWatters identified multiple gold showings and promising drill intercepts, supported by geochemical and MMI studies that provide a foundation for further work.

Structural lineament interpretations and geological updates were conducted alongside advanced surveys to prioritize drill targets. Modern geophysical methods have identified several untested zones with strong mineralization potential.

Management Team

Blake Morgan – Chief Executive Officer

Blake Morgan has more than 15 years’ experience in capital markets, specializing in fundraising, IPOs and corporate development. He has successfully led companies through public offerings and raised significant capital for both private and public ventures. Previously, he held senior positions with Rio Tinto, BHP and Santos.

Marcy Kiesman – Chief Financial Officer

A CPA, CGA with over 15 years of expertise in public markets, Marcy Kiesman brings a combination of strategic financial planning, operational oversight and leadership, ensuring fiscal discipline and efficiency.

Philippe Harvard – Director

Philippe Harvard has more than a decade of experience in mineral exploration and entrepreneurship. As a principal of Investissements Gema, he has successfully acquired and developed mineral properties in Quebec. He is also the president of TelKel, an independent telecommunications company, and Cubicule Studio, a software engineering firm.

Owen King – Director

With 20 years of experience in financial markets and management consulting, Owen King has worked with public companies to assist in capital raises and business development. His expertise includes implementing quality management systems and fostering venture capital financing initiatives.

This post appeared first on investingnews.com

The Trump administration announced on Monday (February 10) it would be expanding steel and aluminum tariffs to all countries. The tariffs, set to come into effect on March 12, will disproportionally impact Canadian exports as Canada is the largest supplier of steel and aluminum to the US.

This isn’t the first time the president has imposed sweeping tariffs on the global steel and aluminum industries. The effect from the first round in 2018 was mixed. While it allowed domestic producers to charge more for their products, that increased downstream costs for consumers and manufacturers, leading to tighter profit margins and layoffs.

Even though the US produces enough steel to meet its own demand, incoming tariffs could still have negative implications for the North American auto industry. Coming into 2025, the sector anticipated growth but was also wary that some consumers were concerned about affordability. Increases in steel costs due to import fees and the potential for additional tariffs on cars and parts produced in Canada and Mexico could dampen vehicle sales.

Rising consumer costs came into view when the US Bureau of Labor Statistics released January’s consumer price index (CPI) data on Wednesday (February 12). The figures showed inflation ticking up in January to 3 percent on a yearly basis, up from the 2.9 percent increase in December. On a monthly basis, there was a 0.5 percent increase, up from the 0.4 percent the previous month.

Some analysts are expecting costs to rise even further as new tariffs take effect and producers begin raising prices accordingly. Higher CPI figures are also likely to impact the US Federal Reserve’s next meeting in March, with most analysts predicting the central bank will maintain the current rate of 4.25 to 4.5 percent.

Markets and commodities react

US equity markets saw sharp selloffs following the release of CPI data on Wednesday, but rallied to finish the week in positive territory, with the S&P 500 (INDEXSP:INX) gaining 1.13 percent to end at 6,114.62, and the Nasdaq-100 (INDEXNASDAQ:NDX) rising 2.05 percent to 22,114.69. The Dow Jones Industrial Average (INDEXDJX:.DJI) was flat, gaining just 0.34 percent to 44,546.09.

In Canada, the markets were more positive. The S&P/TSX Venture Composite Index (INDEXTSI:JX) fell 0.96 percent on the week to close at 640.26 on Friday (February 14), the S&P/TSX Composite Index (INDEXTSI:OSPTX) posted a 0.31 percent loss to hit 25,483.23 and the CSE Composite Index (CSE:CSECOMP) dropped 0.65 percent to 135.03.

After hitting new all time highs early in the week, the gold price was also affected by Wednesday’s CPI announcement. In the end, it managed to eke out a 0.78 percent increase to close the week at US$2,883.91 per ounce on Friday at 5:00 p.m. EST. Silver fared a little better, closing the week up 1.1 percent at US$32.13.

In base metals, the copper price climbed as high as US$4.88 per pound on the COMEX during trading Friday before pulling back to close at US$4.68, up 1.3 percent for the week. Copper is up significantly from the end of January, when it was just US$4.28. The S&P GSCI (INDEXSP:SPGSCI) was also up this week, gaining 1.07 percent to close at 569.44.

Top Canadian mining stocks this week

So how did mining stocks perform against this backdrop?

We break down this week’s five best-performing Canadian mining stocks below.

Data for this article was retrieved at 4:00 p.m. EST on Friday using TradingView’s stock screener. Only companies trading on the TSX, TSXV and CSE with market capitalizations greater than C$10 million are included. Companies within the non-energy minerals and energy minerals sectors were considered.

1. Durango Resources (TSXV:DGO)

Weekly gain: 115.38 percent
Market cap: C$15.54 million
Share price: C$0.14

Durango Resources is an exploration company developing a portfolio of projects in Québec and BC, Canada.

Shares of the company have seen significant gains in 2025 following several news releases. The first came on January 15, when Durango announced it had acquired five critical minerals projects: an antimony site in Haida Gwaii, BC, and a rare earths project and three historical copper mines in Québec.

The properties were acquired for C$5,000 cash and the issuing of 4 million common shares to arm’s length vendors.

This was followed by news on January 30 that the company had completed an AI-powered study of its Babine West copper and gold project near Smithers, BC. The results suggested a large structure that coincides with a moderate magnetic anomaly.

The team hypothesizes the magnetism could be from a widespread zone of early stage alteration, which may be related to copper-gold porphyry systems at the neighboring American Eagle Gold’s (TSXV:AE,OTCQB:AMEGF) NAK project and AMARC Resources’ (TSXV:AHR,OTCQB:AXREF) Duke project.

Durango’s Babine project consists of four claim blocks covering 4,635 hectares and is located within one of BC’s most prolific porphyry copper and gold belts. According to the project page, exploration at the site has returned broad areas of mineralization, including 1.09 percent copper equivalent over 302 meters.

After slowly climbing through the week, Durango’s share price spiked to C$0.16 on Thursday (February 13). The company’s most recent news came on Tuesday (February 11), when it announced it had increased the project area for its recently acquired Victory antimony project in Haida Gwaii to 1,387 hectares. Newmont (TSX:NGT,NYSE:NEM) originally discovered the site in 1988, and a chip sample at the time contained 1.24 percent antimony.

2. Turmalina Metals (TSXV:TBX)

Company Profile

Weekly gain: 106.67 percent
Market cap: C$12.77 million
Share price: C$0.14

Turmalina Metals is a gold, silver and copper explorer that is developing a portfolio of projects in South America.

Its primary focus is the Colquemayo project in Moquegua, Peru. In July 2024, Turmalina entered into an option agreement with Compania de Minas Buenaventura to acquire a 100 percent ownership stake in the property.

The 6,600-hectare site has seen more than 20,000 meters of historic core drilling and hosts multiple porphyry targets that have been identified but have gone untested. Highlighted drill samples from the property have demonstrated results of 2.4 percent copper and 10 grams per metric ton (g/t) silver over 237.3 meters, including intersections of 3.4 percent copper and 14 g/t silver over 161.2 meters and 14.8 percent copper and 47 g/t silver over 31.3 meters.

In news released on Wednesday, the company said it was intensifying its focus on the project and would be relogging historic cores. Additionally, Turmalina hired INSIDEO, a Lima-based environmental consulting firm, to help advance baseline studies and a Declaración de Impacto Ambiental, which is needed for drilling permits. The release also indicated that the company is also in the process of rebranding which will include updating its name, ticker and website.

As part of the restructuring of Turmalina, company CEO Roger James will be stepping down, but maintaining a seat on the board, he will be replaced by Jonathan Richards as interim CEO.

3. Power Metals (TSXV:PWM)

Company Profile

Weekly gain: 70 percent
Market cap: C$111.12 million
Share price: C$0.85

Power Metals is a lithium and cesium exploration company focused on its Case Lake project.

Located in Northeastern Ontario, the site is 10 kilometers by 9.5 kilometers in size and comprises 585 cell claims. Exploration at the site between 2017 and 2024 led to the discovery of pegmatite dykes bearing lithium, cesium and tantalum (LCT). Case Lake now consists of six spodumene dykes that form a mineralization trend of about 10 kilometers.

Assays from the site released on Friday included a highlight of 8.07 meters grading 2.19 percent lithium oxide, 5.19 percent cesium oxide and 1,438 parts per million (ppm) tantalum. The results also included a 1 meter intersection bearing 1.85 percent lithium oxide, 11.7 percent cesium oxide and 208 ppm tantalum.

In addition to its most recent exploration news, Power Metals announced on Monday that it had brought on DRA Global to begin work on a maiden mineral resource estimate and preliminary economic assessment for the Case Lake project. It expects to have the former completed by the end of Q1 2025, with the latter to follow in Q2.

Adding to Power Metals’ recent share gains was a release on February 5 in which the company reported that it had been awarded a new exploration permit for Case Lake. The new permit will remain valid for the next three years and will be used to target newly identified cesium targets uncovered in late 2024.

4. Cascada Silver (CSE:CSS)

Company Profile

Weekly gain: 57.14 percent
Market cap: C$10.16 million
Share price: C$0.055

Cascada Silver is an exploration company working to advance its copper and molybdenum projects in Chile. Since the start of 2025, the company’s main focus has been on its Angie copper-molybdenum project in North-central Chile.

Cascada carried out its Phase 1 drill program at the 2,000 hectare site in 2024, with work focusing on an 800 by 1,500 meter target with molybdenum mineralization. Assays from the initial drill program, released on November 20, revealed results of 476 ppm molybdenum over 64 meters, including an intersection of 1,208 ppm molybdenum over 8 meters.

On December 17, the company announced it was mobilizing for the second phase of drilling at Angie using data acquired through a drone-based magnetometer survey. The Phase 2 program will consist of up to 2,000 meters of diamond drilling, with the first hole planned for a depth of 500 meters. Cascada announced on January 9 that drilling at the site had commenced and was expected to be completed in February, with assays available four to six weeks later.

Cascada’s most recent news came on February 3, when it announced that it would be listing on the OTCQB market under the symbol CSSCF. The company said this was a strategic step in enhancing its visibility and accessibility to US investors.

5. THEMAC Resources (TSXV:MAC)

Weekly gain: 55.56 percent
Market cap: C$11.91 million
Share price: C$0.14

THEMAC Resources is a copper exploration and development company that is developing the Copper Flat mine in Southwest New Mexico, US.

The brownfield site was mined until the early 1980s and hosts significant existing infrastructure, including a primary crusher structure, a coarse ore reclamation tunnel, and several building foundations. These will provide THEMAC with US$54 million in capital savings. An April 2020 feasibility study demonstrated a base case after-tax net present value of US$545.16 million with an internal rate of return of 20.8 percent over a payback period of 3.3 years.

In addition to the economics, the study also included a measured and indicated resource estimate of 1.39 billion pounds of copper, 40.66 million pounds of molybdenum, 737,000 ounces of gold and 14.74 million ounces of silver.

Shares in THEMAC climbed this week, although the company has not reported news so far in 2025.

FAQs for Canadian mining stocks

What is the difference between the TSX and TSXV?

The TSX, or Toronto Stock Exchange, is used by senior companies with larger market caps, and the TSXV, or TSX Venture Exchange, is used by smaller-cap companies. Companies listed on the TSXV can graduate to the senior exchange.

How many companies are listed on the TSXV?

As of June 2024, there were 1,630 companies listed on the TSXV, 925 of which were mining companies. Comparatively, the TSX was home to 1,806 companies, with 188 of those being mining companies.

Together the TSX and TSXV host around 40 percent of the world’s public mining companies.

How much does it cost to list on the TSXV?

There are a variety of different fees that companies must pay to list on the TSXV, and according to the exchange, they can vary based on the transaction’s nature and complexity. The listing fee alone will most likely cost between C$10,000 to C$70,000. Accounting and auditing fees could rack up between C$25,000 and C$100,000, while legal fees are expected to be over C$75,000 and an underwriters’ commission may hit up to 12 percent.

The exchange lists a handful of other fees and expenses companies can expect, including but not limited to security commission and transfer agency fees, investor relations costs and director and officer liability insurance.

These are all just for the initial listing, of course. There are ongoing expenses once companies are trading, such as sustaining fees and additional listing fees, plus the costs associated with filing regular reports.

How do you trade on the TSXV?

Investors can trade on the TSXV the way they would trade stocks on any exchange. This means they can use a stock broker or an individual investment account to buy and sell shares of TSXV-listed companies during the exchange’s trading hours.

Article by Dean Belder; FAQs by Lauren Kelly.

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

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

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French President Emmanuel Macron has scheduled an ’emergency meeting’ for European leaders to discuss President Donald Trump, according to another European official.

According to Politico, Polish Foreign Minister Radosław Sikorski alluded to the meeting at the Munich Security Conference on Saturday. Two EU officials told the outlet that the meeting would take place on Monday.

‘I’m very glad that President Macron has called our leaders to Paris,’ Sikorski was quoted as saying, noting that the event would involve talking about the implications of Trump’s actions ‘in a very serious fashion.’

‘President Trump has a method of operating which the Russians call razvedka boyem – reconnaissance through battle. You push and you see what happens, and then you change your position…And we need to respond,’ the Polish official added.

Sikorski has not shied away from discussing American politics in the past. He previously compared President Biden’s poor debate performance to the decline of ancient Rome, and once told MSNBC host Andrea Mitchell that Trump was ‘right’ to say that NATO countries need to spend more on their own defense.

Macron has been cordial to Trump since the Republican was elected in November. In an X post, the French leader expressed a willingness to work with the president-elect.

‘Congratulations, President @realDonaldTrump,’ Macron’s post read. ‘Ready to work together as we did for four years. With your convictions and mine. With respect and ambition. For more peace and prosperity.’

In December, when Trump visited Paris to witness the reopening of the Notre Dame Cathedral, Macron said it was ‘an honor’ to host him.

‘It’s a great honor for French people to welcome you five years later,’ Macron said of Trump. ‘And you were, at that time, president for the first time. And I remember the solidarity and your immediate action. So, welcome back again. We are very happy to have you here.’

Fox News Digital reached out to Macron for more information.

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