Breaking
Start Your Investing
Author

admin

Browsing
Investing

CoTec Holdings

Investor Insight

CoTec Holdings (CoTec) leverages disruptive technologies to undervalued critical mineral assets and waste materials into high-value commodities essential for a low-carbon future. By combining innovation with strategic execution, the company offers a unique investment opportunity, characterized by low cost, lower capex, faster cash flow generation, and superior returns.

Overview

CoTec (TSXV:CTH,OTCQB:CTHCF) applies innovative, disruptive technology to undervalued resource assets, aiming to create a portfolio of 20 to 30 modular “mini-mines” or processing facilities. By focusing on strategic minerals — such as rare earths, copper and iron ore — critical to advanced manufacturing, defense and electrification, the company transforms waste materials into valuable strategic commodities. This approach establishes the potential for high-margin revenue streams and positions CoTec for continued growth.

Through investments and efficient processing methods, CoTec targets areas like rare earth magnet recycling, green steel production and copper waste processing — sectors crucial to today’s evolving economies. For investors, this represents a straightforward opportunity to support a forward-thinking company poised for long-term appreciation.

CoTec Holdings project locations

CoTec is advancing four cutting-edge technologies and three strategic assets, with a medium-term goal of acquiring 10 technologies and 20 to 30 assets. The company’s business model is supported by partnerships, joint ventures (JVs), and a disciplined capital management strategy to unlock value across its portfolio.

CoTec is guided by a highly experienced management team and board of directors with deep expertise in mining, technology and corporate finance.

Why Invest in CoTec?

CoTec Holdings growth strategy

Investors looking for a high-potential opportunity with strong alignment to global trends in sustainability and technology will find CoTec an attractive choice. Here’s why:

  1. Significant Upside Potential: CoTec’s innovative approach to deploying cutting-edge, disruptive technologies across undervalued and waste assets creates a scalable business model. By targeting sectors of strategic importance such as rare earth magnet recycling, green steel production, and copper waste processing, CoTec aligns with critical global trends that ensure relevance and growth.
  2. Strategic Positioning: The company is well-positioned in sectors that are increasingly recognized as strategic priorities, with the application of rare earths and other critical minerals in artificial intelligence, renewable energy and defense.
  3. Experienced Leadership and Insider Confidence: With a leadership team boasting decades of experience in the resource sector and significant insider ownership (approximately 74 percent of the company is owned by management and insiders), CoTec’s leadership is deeply invested in the company’s success.
  4. Environmental Responsibility: CoTec’s focus on low-carbon resource extraction technologies not only aligns with global sustainability goals but also enables investors to generate financial returns while contributing to environmental stewardship.
  5. Catalysts for Growth: The company has a clear roadmap with multiple catalysts in the near term, which may include studies, expansions and potential funding announcements, which are expected to unlock further value for shareholders.*

Company Highlights

  • CoTec deploys cutting-edge, low-carbon technologies to marginal assets, reclamation opportunities and recycling initiatives, transforming waste materials into strategic, high-value commodities.
  • The company holds stakes in four groundbreaking technologies — HyProMag, Binding Solutions, MagIron and Ceibo. These technologies are designed to unlock significant value across strategically chosen assets. The Lac Jeannine iron project in Quebec, with an after tax NPV of US$59.9 million, stands on its own merits but could see further economic and environmental enhancements through the application of CoTec’s technologies. Similarly, HyProMag USA is pioneering the rollout of HyProMag’s rare earth recycling technology in the United States, delivering low-cost, magnet-to-magnet low-carbon resource recovery.
  • CoTec accelerates the transition from discovery to production through proprietary technologies and strategic joint ventures, enabling significantly faster revenue generation compared to traditional mining operations.
  • Backed by a management team with extensive expertise in mining, finance and technology, CoTec is uniquely positioned to drive innovation and growth in the critical minerals sector.
  • Approximately 74 percent of the company is owned by management and insiders, demonstrating the leadership’s strong commitment to the company’s success.

Key Technologies and Assets

CoTec Holdings investment partners

HyProMag USA Project

CoTec Holdings HyProMag USA project

The HPMS process enables magnet-to-magnet short-loop recycling to produce a domestically-sourced recycled magnet with a very low CO2 footprint, bypassing the extensive chemical refining and reprocessing of traditional long-loop processes. HPMS uses 88 percent less energy, 85 percent less water and reduces CO2 by 85 percent. It eliminates complex separation stages, reduces material losses, and lowers operational risk. This streamlined approach is faster, more economical, and strategically critical for the U.S., ensuring self-sufficiency in AI, robotics, and defense, where reliance on Chinese rare earths poses a major geopolitical risk.

Hydrogen processing at CoTec Holdings

HyProMag USA, a US Government Minerals Security Partnership Project, leverages the Hydrogen Processing of Magnetic Scrap (HPMS) technology to recover NdFeB magnets from end-of-life electronics and industrial waste. This revolutionary hydrogen-based recycling process provides a much simpler, lower-risk, and more cost-effective alternative to conventional rare earth extraction, reducing reliance on traditional mining and imports. Over US$100 million was spent on R&D, developed by the University of Birmingham over 15 years.

A feasibility study released in November 2024, underscored the HyProMag USA project potential to become a game-changing domestic source of recycled rare earth magnets for the United States, targeting 10 percent of the country’s domestic demand for NdFeB magnets within five years of commissioning. CoTec, which owns 60.3 percent of HyProMag USA (50 percent through the US JV with Maginito, and CoTec’s 20.3 percent equity ownership in Maginito), is targeting a total annual production capacity of 1,041 tons of recycled NdFeB magnets over a 40-year operating life, post-tax net present value (NPV) of US$262 million at current market prices, increasing to US$503 million at independent forecast prices.

By tapping into the United States’ push for domestically sourced critical mineral resources, HyProMag USA will position itself as a pivotal player in reshaping the permanent magnet supply chain, providing investors with an opportunity to align with a project at the intersection of sustainability, innovation and economic growth.

Lac Jeannine Iron Project

CoTec Holdings

Located in Quebec, the Lac Jeannine Project is an advanced-stage iron tailings project with a published Preliminary Economic Assessment( PEA – preliminary economic assessment). The project involves reprocessing approximately 73 million tonnes (Mt) of tailings to produce high-purity iron concentrate. The PEA incorporated the 2023 drill-program, providing an initial Inferred Mineral Resource of approximately 73 Mt at 6.7 percent total Fe for 4.9 Mt of contained total Fe. Though the PEA is based on an initial 10-year life of mine, estimates are the life of mine could be extended by as much as a further 10 years with further drilling and resource definition during the feasibility study in 2025. Based on open-pit extraction methods and the production of a gravity concentrate via conventional processing techniques and at a discount rate of 7 percent (based solely on an initial 10-year life of mine), the PEA indicated a pre-tax NPV of US$93.6 million, and an IRR of 38 percent, and an after tax NPV of US$59.5 million, and an IRR of 30 percent.

The Independent Qualified Person as defined by NI 43-101 for the Lac Jeannine Mineral Resource, Mr. Christian Beaulieu, P.Geo., is a member of l’Ordre des géologues du Québec (#1072). The Qualified Person has reviewed and approved the scientific and technical content relating to the Lac Jeannine Mineral Resource.

MagIron

CoTec Holdings

MagIron focuses on restarting a brownfield iron ore concentrator in Minnesota to produce DR-grade iron concentrate for low-carbon steel production. The company is targeting production capacity of 2 to 3 Mt of concentrate annually with an operational life exceeding 20 years. MagIron is positioned to capitalize on the demand for U.S.-based green steel, with preliminary valuations showing significant uplift since CoTec’s initial investment. CoTec has a 16 percent equity interest in MagIron.

Binding Solutions (BSL)

BSL’s cold agglomeration technology converts mining waste into ISO-compliant pellets or briquettes, primarily for green steel production. This process is a game-changer in the industry, offering substantial reductions in energy use and emissions. CoTec’s equity in BSL has grown significantly in value, with the most recent valuation of the company exceeding US$158 million, a 107 percent increase from CoTec’s initial investment.

Ceibo

CoTec Holdings

Ceibo’s low-carbon, low-cost oxidative heap leaching technology enhances recovery rates for sulphide copper minerals such as chalcopyrite. The technology potentially improves copper recovery from 30 percent to 80 percent, making it a potential industry-leading solution for copper extraction. CoTec has a seat on Ceibo’s technical advisory board along with its minority equity interest, and is identifying copper assets where the technology could be applied in the form of a joint venture.

Management & Leadership

Julian Treger – CEO

With over three decades of experience in natural resources and finance, Julian Treger is the driving force behind CoTec’s innovative approach to resource extraction. Previously the CEO of Anglo Pacific Group, Treger successfully transitioned the company from a coal-focused royalty business to a battery-metals-focused streaming company, growing its income from £3 million in 2013 to nearly £62 million in 2021. Treger also brings significant expertise from his roles at Audley Capital and various board positions across the mining sector.

Lucio Genovese – Chairman

A seasoned executive with more than 30 years of experience in metals and mining, Lucio Genovese has held leadership roles at Glencore and is the CEO of Nage Capital Management in Switzerland. He is also chairman at Ferrexpo and a member of the board of directors of Mantos Copper S.A. and Nevada Copper. His deep industry knowledge and expertise in value creation through joint ventures and operational excellence are pivotal to CoTec’s success.

Tom Albanese

Tom Albanese served as chief executive officer of Rio Tinto from 2007 to 2013 and as chief executive officer and director of Vedanta Resources and Vedanta Limited from 2014 to 2017. He currently serves as lead independent director of Nevada Copper and non-executive director of Franco-Nevada, and was previously on the board of directors of Ivanhoe Mines, Palabora Mining Company and Turquoise Hill Resources. He holds a Master of Science degree in mining engineering and a Bachelor of Science degree in mineral economics both from the University of Alaska Fairbanks.

Robert Harward – Non-executive Director

Robert Harward is a retired United States Navy vice admiral (SEAL) and a former deputy commander of the United States Central Command. He served on the US National Security Council in The White House and led several multi-national special forces commands in Afghanistan and Iraq. He joined Lockheed Martin in 2014 as their chief executive in the UAE and expanded his responsibilities to cover the Middle East, leaving to join Shield AI as executive vice-president for international business development and strategy based in the UAE.

Sharon Fay – Non-executive Director

A global investment industry leader with more than 35 years of experience, Sharon Fay has extensive expertise in corporate responsibility and strategic evaluation, making her instrumental in CoTec’s ESG initiatives and governance.

Margot Naudie – Non-executive Director

Magot Naudie is a seasoned capital markets professional with 25 years of experience as senior portfolio manager for North American and global natural resource portfolios. She has held senior roles at leading multi-billion-dollar asset management firms including TD Asset Management, Marret Asset Management and CPP Investment Board. Naudie is the president of Elephant Capital, and the co-founder of Abaxx Technologies. She sits on a number of public and private company boards. Naudie holds an MBA from Ivey Business School and a BA from McGill University. She is also a chartered financial analyst.

Erez Ichilov – Non-executive Director

With a background in mining, technology and project investments, Erez Ichilov has driven multiple ventures in battery materials, critical minerals and sustainable exploration, aligning well with CoTec’s strategic goals.

John Singleton – COO

John Singleton has more than 25 years of experience in the mining industry, including senior roles at Rio Tinto, De Beers Consolidated Mines and Centamin. His background in corporate development, strategy project evaluation, operations and project development equips CoTec with the expertise necessary for scaling its portfolio of assets and technologies. He is a Fellow of the Royal Geological Society and holds a BSc from the University of Bristol and a MSc in Engineering Geology from Imperial College London.

Abraham Jonker – CFO

Abraham Jonker brings 30 years of financial leadership in the mining industry, with a focus on corporate transactions, equity and debt financing, and strategic growth. He has played a pivotal role in raising over $750 million for mining ventures and has served on the boards of other prominent mining companies.

*Forward-Looking Statements

The information above regarding the Company and its investments which are not historical facts are ‘forward-looking statements’ which involve risks and uncertainties. Since forward- looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements due to known and unknown risks and uncertainties affecting the Company, including, but not limited to: resource and reserve risks; environmental risks and costs; labor costs and shortages; uncertain supply and price fluctuations in materials; increases in energy costs; labor disputes and work stoppages; leasing costs and the availability of equipment; heavy equipment demand and availability; contractor and subcontractor performance issues; worksite safety issues; project delays and cost overruns; extreme weather conditions; and social and transport disruptions. For further details regarding risks and uncertainties facing the Company, please refer to “Risk Factors” in the Company’s filing statement dated April 6, 2022, a copy of which may be found under the Company’s SEDAR+ profile at www.sedarplus.com, and its other public filings. The Company assumes no responsibility to update forward- looking statements in this news release except as required by law. Readers should not place undue reliance on the forward-looking statements and information contained in this news release and are encouraged to read the Company’s continuous disclosure documents which are available on SEDAR+ at www.sedarplus.com.

This post appeared first on investingnews.com
Keep Reading
Politics

Obama officials, Trump critics target Hegseth’s Ukraine ‘concessions’ as ‘biggest gift’ to Russia

Obama officials and Trump critics are up in arms after Defense Secretary Pete Hegseth said a return to the Eastern European country’s pre-war borders with Russia is ‘unrealistic.’ 

Hegseth, speaking to the Ukraine Defense Contact Group in Belgium on Wednesday, said ‘returning to Ukraine’s pre-2014 borders is an unrealistic objective.’ He also called for Europe to offer Ukraine security guarantees after the war – not the U.S. 

Trump administration critics accused the secretary of giving up leverage before the start of peace negotiations with Russia. 

‘Putin is gonna pocket this and ask for more,’ Brett Bruen, director of Global Engagement under the Obama White House, told Fox News Digital. 

Hegseth said Wednesday that ‘durable peace’ for Ukraine must ‘ensure that the war will not begin again.’

‘The United States does not believe that NATO membership for Ukraine is a realistic outcome of a negotiated settlement. Instead, any security guarantee must be backed by capable European and non-European troops,’ he said. 

‘If these troops are deployed as peacekeepers to Ukraine at any point, they should be deployed as part of a non-NATO mission and not covered under Article 5. There also must be robust international oversight of the line of contact. To be clear, as part of any security guarantee, there will not be U.S. troops deployed to Ukraine.’

While it is little surprise the Trump administration does not currently support Ukraine’s NATO membership, or believe Ukraine can take back all of its territory including Crimea, critics argue that Hegseth vocalizing these beliefs just as President Donald Trump fired the opening salvo in peace negotiations took them off the table as leverage. 

‘Why would you unilaterally surrender on some of those key strategic issues? Even if Trump ultimately wants to give ground, at least get something in return,’ Bruen said. 

‘Anyone with any diplomatic experience would have said it is critical that we use this as part of our negotiation, as President Trump wants to have with Moscow. But the idea that we’re simply going to announce all of the things that we are not going to do goes against 70 years of our diplomacy and our military strategy.’ 

Michael McFaul, ambassador to Russia under the Obama administration, asked why the Trump administration appeared to be giving Russian President Vladimir Putin wins for free. 

‘Why is the Trump administration giving Putin gifts – Ukrainian land and no NATO membership for Ukraine – before negotiations even begin?’ he asked on X. ‘I’ve negotiated with the Russians. You never give up anything to them for free.’

Alexander Vindman, a Trump impeachment witness and former Europe director at the National Security Council – who continues to be a fierce Trump critic – characterized Hegseth’s comments as ‘complete capitulation to Putin’ that justifies Russia’s wars of aggression going back to Georgia in 2008.

‘This will embolden Putin and undermine the interests of peace in Ukraine and Europe. A major blow to U.S. national security,’ Vindman asserted.

Rep. Judy Chu, D-Calif., chimed in that Hegseth’s comments show, ‘Trump’s foreign policy has always been Russia First. Never America and its allies first.’ 

The defense secretary also called on Europe to ‘take ownership of conventional security on the continent.’

‘European allies must lead from the front,’ Hegseth said. ‘Together, we can establish a division of labor that maximize our comparative advantages in Europe and Pacific, respectively.’

His comments came just before Trump called both Putin and Ukrainian President Volodymyr Zelenskyy and as Treasury Secretary Scott Bessent traveled to Kyiv. 

On Friday, Vice President JD Vance and Secretary of State Marco Rubio will meet with Zelenskyy on the sidelines of the Munich Security Conference. 

The Putin conversation came one day after the release of American Marc Fogel, who had been detained by the Kremlin, which Trump said he saw as a sign of ‘good faith’ by the Russians. 

Trump, meanwhile, has begun pressuring Ukrainians to turn over access to rare Earth minerals in exchange for security aid. Bessent presented Ukraine with a draft deal exchanging aid for minerals on Wednesday in Kyiv, according to Zelenskyy. 

‘We agreed to work together, very closely, including visiting each other’s Nations,’ Trump posted to Truth Social on Wednesday of his call with Putin. ‘We have also agreed to have our respective teams start negotiations immediately.’ 

He announced that he would asked Rubio, Director of the CIA John Ratcliffe, National Security Advisor Michael Waltz and Middle East envoy Steve Witkoff to lead negotiations. 

Trump also said his call with Zelenskyy went ‘very well.’ 

‘​​It is time to stop this ridiculous War, where there has been massive, and totally unnecessary, DEATH and DESTRUCTION. God bless the people of Russia and Ukraine!’

This post appeared first on FOX NEWS
Keep Reading
Politics

Senate Democrats rail against RFK Jr. in late-night session ahead of vote

Senate Democrats railed against Robert F. Kennedy Jr. in a late-night session Wednesday ahead of his confirmation vote to potentially become the Secretary of Health and Human Services (HHS). 

Kennedy’s confirmation vote is expected around 10:30 a.m. ET on Thursday, but Democrat senators spent the evening before condemning former President Donald Trump’s HHS pick on a number of issues. 

Senate Minority Leader Chuck Schumer, D-N.Y., described Kennedy as ‘obviously unqualified,’ ‘obviously fringe,’ and as holding views ‘obviously detrimental to the well-being of the American people.’ 

‘Robert F. Kennedy Jr. is not remotely qualified to become the next Secretary of Health and Human Services,’ Schumer said. ‘Robert F. Kennedy might be the least qualified people the president could have chosen for the job. It’s almost as if Mr. Kennedy’s beliefs, history and background were tailor-made to be the exact opposite of what the job demands.’

Referencing Kennedy and Tulsi Gabbard, the newly confirmed Director of National Intelligence, Schumer accused Republican senators of ‘rubber-stamping people no matter how fringe they are.’

‘The HHS is an agency that depends on science, on evidence and impartiality to ensure the well-being of over 330 million Americans. HHS ensures we eat safe food, purchase reliable medication, oversee Medicare benefits and approve the use of lifesaving vaccines. Most importantly, a good HHS secretary makes sure the American people have access to affordable, high-quality healthcare. Mr. Kennedy, unfortunately, is not qualified to oversee any of these things,’ Schumer said. ‘He is neither a doctor, nor a scientist, nor a public health expert, nor a policy expert of any kind. If Mr. Kennedy is confirmed given that lack of background, I deeply fear that he will rubber stamp Donald Trump’s war against healthcare, meaning we will see more of the disastrous funding cuts of the last few weeks, meaning that more people will lose health coverage, meaning that the interests of for-profit corporations and Big Pharma will come before the needs of working Americans.’  

On the Senate floor, Sen. Peter Welch, D-Vt., read again the letter from Kennedy’s cousin, Caroline Kennedy, who served as the U.S. ambassador to Australia under the Biden administration. 

Her letter, which she released ahead of RFK Jr.’s Senate confirmation hearing last month, said, ‘Now that Bobby has been nominated by President Trump to be Secretary of Health and Human Services, a position that would put him in charge of the health of the American people, I feel an obligation to speak out. Overseeing the FDA, the NIH and the CDC and the centers for Medicare and Medicaid Services agencies that are charged with protecting the most vulnerable among us is an enormous responsibility, and one that Bobby is unqualified to fill. He lacks any relevant government financial management or medical expertise. His views on vaccines are dangerous and willfully misinformed.’ 

Caroline Kennedy went on to write, ‘I have known Bobby all my life. We grew up together. It’s no surprise that he keeps birds of prey as pets because he himself is a predator.’ Her letter said, ‘While he may encourage a younger generation to attend AA meetings, Bobby is addicted to attention and power. Bobby preys on the desperation of parents of sick children, vaccinating his own children while building a following by hypocritically discouraging other parents from vaccinating theirs.’ 

‘My view? Robert Kennedy has spent his considerable talent promoting misinformation to vulnerable people who have motives we all have and that is the well-being of people we love. You know, some of the things that Mr. Kennedy said when he’s attacking vaccines, they’re not based at all on science, but they appeal to people’s distrust of the standard medical profession,’ Welch said. ‘He’s promoting it using the magic of the Kennedy name. The credibility that comes from being a member of one of the most starry political families in the history of our country.’ 

Sen. Chris Van Hollen, D-Md., came to the floor to voice his ‘strong opposition’ to Kennedy. 

‘Mr. Kennedy says that he’ll always follow the evidence no matter where it leads. Well, if you look at his record, he hasn’t done that,’ Hollen said. 

The senator said Kennedy has ‘no experience, no qualifications in the vast majority’ of the wide range of subjects HHS covers, naming how the department ‘provides quality control for reproductive health services,’ ‘ensures that contraception are covered under the Affordable Care Act, and it makes sure that Americans can have access to over-the-counter options’ and also includes programs for early childhood development, the elderly and the disabled. 

‘I don’t think any of us expect that one Secretary of HHS can know everything. But if you monitored the hearings and listened to Mr. Kennedy’s answers, you can see that Mr. Kennedy knows virtually nothing about all those important subjects,’ he said. 

Van Hollen quoted former President John F. Kennedy, who said more than 60 years ago that he hoped ‘that the renewed drive to provide vaccination for all Americans, and particularly those who are young, will have the wholehearted support of every parent in America.’

‘Unfortunately, his nephew, RFK Jr, has spent decades unraveling that hard won legacy by spreading lies and conspiracy theories about vaccines,’ Van Hollen said. 

Sen. Chris Murphy, D-Conn., also took issue with the notoriety of the Kennedy name.

‘I don’t think it’s hyperbole to say that there are very few people in this country that are less qualified to run this agency than Robert Kennedy Jr.,’ Murphy said. ‘I say that because there are few people in the country who have been so enthusiastic, so public and so impactful in their ability to take some of the wildest conspiracy theories that are out there on the internet about our health system or about our kids, or about our families, internalize them and then disseminate them in a way that does great damage.’

Sen. Andy Kim, D-N.J., asserted, ‘We live in the time of the greatest amount of distrust that we’ve ever seen in this country, and that is most pronounced, most clear when it comes to our health. And one of those people we need to trust the most in our country is the person who runs the Department of Health and Human Services.’ 

After meeting with Kennedy and reviewing his statements, Kim said, ‘he is not someone I can trust with my health, and in good conscience, I cannot vote for him.’

‘If I cannot trust him with the health of my own kids, how can I ask the families of 9 million other New Jerseyans to do it?’ Kim said. ‘He has too often diminished that trust in the very healthcare he would be in charge of and too often has spread disinformation about the diseases and challenges and threats that we face.’ 

Acknowledging how Kennedy’s supporters would argue he is ‘fighting against a broken system’ and ‘simply wants to make American healthy,’ Kim said, ‘unfortunately what we’re seeing like most things coming out of this administration is corruption and conspiracy disguised as false promises of change.’  

Kim said his father was disabled by polio and his mother has Lyme disease, railing against Kennedy’s claims that Lyme disease could have been engineered by the military, as well as that the polio vaccine could be linked to increased rates of cancer. 

This post appeared first on FOX NEWS
Keep Reading
Politics

Reagan’s ‘peace through strength’ doctrine can aid Trump administration with Taiwan policy, group says

A group led by the Ronald Reagan Presidential Foundation and Institute (RRPFI) has issued a series of takeaways following its recent visit to Taiwan. The takeaways can be seen as a roadmap of ideas for the Trump administration.

The eight-member delegation consisting of U.S. national security and business leaders concluded their strategic visit to Taiwan last month amid the presidential transition in Washington, D.C., a new administration in Taipei and ongoing Chinese coercion and aggression in East Asia.

The series of meetings was designed to strengthen ties between the United States and Taiwan across Taiwan’s political leaders and business elite. Members of the RRPFI delegation identified several key takeaways from the trip that could compliment the Trump administration’s policies toward strengthening the U.S.-Taiwan partnership.

The delegation said that while a number of President Donald Trump’s selections for top administration roles have expressed previously held views about policy involving Taiwan, there is a general mix of optimism and uncertainty over the direction the administration will take on security and economic matters relating to Taiwan.

Increasing defense spending, particularly with NATO allies, was a centerpiece of Trump’s first term. The delegation stressed national unity on defense and said elected officials from all parties need to live up to the intent to increase defense spending. The delegation emphasized to Taiwanese partners that the American public expects U.S. allies and partners to shoulder the primary burden of their own defense, a notion that will certainly appeal to the Trump administration.

The delegation asserted that Russia’s war in Ukraine and how the West handled it since Russia’s full-scale invasion are on the minds of Taiwanese leaders. The Biden administration used the Presidential Drawdown Authority on at least 55 occasions since August 2021 to provide Ukraine with military assistance from Department of Defense stockpiles, according to the State Department. The RRPFI delegation argue that the Presidential Drawdown Authority along with Foreign Military Sales are valuable tools for enhancing Taiwan’s capabilities and ensuring peace and stability in the region.

At last month’s meeting, David Trulio, president and CEO of the Ronald Reagan Presidential Foundation and Institute, told Taiwanese leaders that, ‘especially with President Trump’s mandate in returning to office, Taiwan, the PRC, and the world are watching how the United States addresses China’s ongoing aggression in the South China Sea and malign online influence.’

He said that the security situation across the Taiwan Strait demands a continued commitment to peace through strength, including through robust partnership with Taiwan and sustained U.S. deterrence.

‘Taiwan has made, and is making, serious investments in its security,’ Trulio told the audience.

‘That said, given President Trump’s and the American public’s expectation that U.S. allies and partners shoulder the primary burden of their own defense, it is critical that Taiwan’s leaders deliver on their stated intent to increase defense spending and enhance their operational capabilities,’ Trulio added. 

Taiwan currently spends 2.45% of its GDP on defense, and Taiwanese leaders have expressed their intention to continue to increase their defense budget. Defense spending has increased by 80% since 2016, and their defense budget accounted for 15% of its total budget in 2024, according to Taiwan’s government.

The U.S. has been arming Taiwan for seven decades and Taiwan has consistently been one of the largest purchasers of U.S. weapons through the Foreign Military Sales process.

The delegation warned that not receiving weapons diminishes Taiwan’s security and enables the PRC to claim that the United States is an unreliable partner.

China takes these arm sales very seriously. China warned the U.S. that it was making ‘dangerous moves’ by providing Taiwan with an additional $571 million in defense materials, which was authorized by then-President Joe Biden in December just prior to leaving office.

The Chinese Foreign Ministry released a statement at the time urging the U.S. to stop arming Taiwan and to cease what it referred to as ‘dangerous moves that undermine peace and stability in the Taiwan Strait.’

This post appeared first on FOX NEWS
Keep Reading
Politics

Trump budget bill hits the rocks with GOP rebels, tax hawks ahead of key vote

The House GOP’s proposal for a massive conservative policy overhaul has already gotten a rocky reception from Republican lawmakers, and with their current majority, Republicans will need to vote in near lock-step to pass anything without Democratic support.

‘I think it’s probably going to have to be modified in some way before it comes to the floor,’ House Freedom Caucus Chairman Andy Harris, R-Md., told Fox News Digital.

Other members of the GOP hardliner group also balked at the bill. Rep. Eric Burlison, R-Mo., called it a ‘pathetic’ attempt at cutting spending.

‘We’ll still be accelerating towards a debt spiral,’ Burlison said.

House and Senate Republicans are working to use their majorities to advance President Donald Trump’s agenda via the budget reconciliation process. By reducing the threshold for passage in the Senate from two-thirds to a simple majority, which the House is already at, it allows the party in power to pass budgetary and fiscal legislation without help from the opposition.

The first step in the process is to advance a framework through the House and Senate budget committees, which then gives directions to other committees on how much funding they get to implement their relevant policy agendas.

The Senate Budget Committee approved its own plan on Wednesday night, while the House counterpart is poised to meet on their proposal Thursday morning.

It is not immediately clear if that bill will pass, however. Four conservatives on the House Budget Committee – Reps. Chip Roy, R-Texas, Ralph Norman, R-S.C., Andrew Clyde, R-Ga., and Josh Brecheen – did not commit to voting for the 45-page proposal backed by GOP leaders that was released on Wednesday morning.

Roy said he was ‘not sure’ if the legislation could advance on Thursday morning when asked by Fox News Digital.

‘We’ll see,’ Norman said when asked if the bill would pass out of committee.

Clyde and Brecheen similarly would not say how they felt about the proposal when leaving the speaker’s office on Wednesday afternoon.

If all four voted against the legislation, it would be enough to block the resolution from advancing to the House floor.

Other conservatives also expressed reservations. Rep. Eli Crane, R-Ariz., told Fox News Digital, ‘I’m not super happy with it.’

‘It just doesn’t do enough to address fiscal cuts,’ Crane said.

The House’s 45-page bill would mandate at least a $1.5 trillion reduction in federal spending over the next 10 years, coupled with $300 billion in new spending for border security and national defense over the same period.

It would also raise the debt ceiling by $4 trillion – something Trump had demanded Republicans deal with before the U.S. runs out of cash to pay its debts, projected to happen by the spring if Congress does not act.

Additionally, while hardline conservatives wanted deeper spending cuts written into the bill, Republicans on the House Ways & Means Committee are uneasy about the $4.5 trillion allocated toward extending Trump’s Tax Cuts and Jobs Act of 2017 – which expires at the end of 2025.

‘Let me just say that a 10-year extension of President Trump’s expiring provisions is over $4.7 trillion according to CBO. Anything less would be saying that President Trump is wrong on tax policy,’ Ways & Means Chairman Jason Smith, R-Mo., told The Hill earlier this week.

A member of the committee, Rep. Nicole Malliotakis, R-N.Y., told Fox News Digital, ‘I have some concerns regarding Ways & Means not being provided with the largest amount to cover President Trump’s tax cuts — especially [State and Local Tax deduction (SALT)] relief and a tax reduction for senior citizens, which are both also priorities of mine.’

Rep. Max Miller, R-Ohio, said he had not read the legislative text but that Smith believed the $4.5 trillion figure was ‘about a trillion off from where we need to be in order to make it work.’

The resolution’s first big test comes at 10 a.m. ET on Thursday.

Republicans are aiming to use reconciliation to pass a broad swath of Trump’s priorities, from more funding for law enforcement and detention beds at the U.S.-Mexico border to eliminating taxes on tipped and overtime wages. 

The Senate’s plan would advance border, energy and defense priorities first while leaving taxes for a second bill.

Speaker Mike Johnson, R-La., called that plan a ‘nonstarter’ this week, however. House leaders are concerned that leaving tax cut extensions for a second bill could allow those measures to expire before lawmakers reach an agreement.

This post appeared first on FOX NEWS
Keep Reading
Investing

Heliostar Fully Repays Acquisition Loan Within 3 Months.

Heliostar Metals Ltd. (TSXV: HSTR) (OTCQX: HSTXF) (FSE: RGG1) (‘Heliostar’ or the ‘Company’) is pleased to announce that it has repaid the US$5M loan obtained from Deans Knight Capital Management Ltd on November 6th, 2024. The loan was used to acquire the portfolio of operating and development assets in Mexico from Florida Canyon Gold Inc.

Heliostar CEO Charles Funk commented, ‘Repayment of this loan is another significant milestone for Heliostar. In November 2024, the Company completed the acquisition of producing gold assets with a clear upside for less than one percent equity dilution by taking on debt. Using debt was assessed to be the best outcome for shareholders to minimize dilution. Making the repayment earlier than had been expected, within approximately three months of the asset acquisition, speaks to the free cash flow generation from our operating mines and the Company’s fiscal discipline. Looking forward, being debt-free allows all profits generated from operations to be reinvested directly into our Company’s growth. This reinvestment will focus on expanding production and growing resources across our portfolio throughout 2025.’

Debt Facility Details

On November 6th, 2024, the Company entered into purchase agreements for up to US$5 million in senior secured term notes from Deans Knight Capital Management Ltd. on behalf of certain investors. The notes were to mature on November 30th, 2026, and the drawn portion bore interest at 15% per annum.

Heliostar fully drew the notes on November 6th, 2024. The Company repaid US$2 million in December 2024 and the remaining US$3 million in February 2025 to extinguish the notes and the associated security pledges.

About Heliostar Metals Ltd.

Heliostar aims to grow to become a mid-tier gold producer. The Company is focused on increasing production and developing new resources at the La Colorada and San Agustin mines in Mexico, and on developing the 100% owned Ana Paula Project in Guerrero, Mexico.

FOR ADDITIONAL INFORMATION PLEASE CONTACT:

Charles Funk
President and Chief Executive Officer
Heliostar Metals Limited
Email: charles.funk@heliostarmetals.com
Phone: +1 844-753-0045		 Rob Grey
Investor Relations Manager
Heliostar Metals Limited
Email: rob.grey@heliostarmetals.com
Phone: +1 844-753-0045

 

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

Cautionary Statement Regarding Forward-Looking Information

This news release includes certain ‘Forward-Looking Statements’ within the meaning of the United States Private Securities Litigation Reform Act of 1995 and ‘forward-looking information’ under applicable Canadian securities laws. When used in this news release, the words ‘anticipate’, ‘believe’, ‘estimate’, ‘expect’, ‘target’, ‘plan’, ‘forecast’, ‘may’, ‘would’, ‘could’, ‘schedule’ and similar words or expressions, identify forward-looking statements or information. These forward-looking statements or information relate to, among other things: the Company’s goal of becoming a mid-tier producer, the Company’s discipline and the free cashflow generation from our operating mines, all profits generated from operations to be reinvested directly into our Companies growth and this reinvestment will focus on expanding production and growing resources across our portfolio.

Forward-looking statements and forward-looking information relating to the terms and completion of the Facility, any future mineral production, liquidity, and future exploration plans are based on management’s reasonable assumptions, estimates, expectations, analyses and opinions, which are based on management’s experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect. Assumptions have been made regarding, among other things, the receipt of necessary approvals, price of metals; no escalation in the severity of public health crises or ongoing military conflicts; costs of exploration and development; the estimated costs of development of exploration projects; and the Company’s ability to operate in a safe and effective manner and its ability to obtain financing on reasonable terms.

These statements reflect the Company’s respective current views with respect to future events and are necessarily based upon a number of other assumptions and estimates that, while considered reasonable by management, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements or forward-looking information and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: precious metals price volatility; risks associated with the conduct of the Company’s mining activities in foreign jurisdictions; regulatory, consent or permitting delays; risks relating to reliance on the Company’s management team and outside contractors; risks regarding exploration and mining activities; the Company’s inability to obtain insurance to cover all risks, on a commercially reasonable basis or at all; currency fluctuations; risks regarding the failure to generate sufficient cash flow from operations; risks relating to project financing and equity issuances; risks and unknowns inherent in all mining projects, including the inaccuracy of reserves and resources, metallurgical recoveries and capital and operating costs of such projects; contests over title to properties, particularly title to undeveloped properties; laws and regulations governing the environment, health and safety; the ability of the communities in which the Company operates to manage and cope with the implications of public health crises; the economic and financial implications of public health crises, ongoing military conflicts and general economic factors to the Company; operating or technical difficulties in connection with mining or development activities; employee relations, labour unrest or unavailability; the Company’s interactions with surrounding communities; the Company’s ability to successfully integrate acquired assets; the speculative nature of exploration and development, including the risks of diminishing quantities or grades of reserves; stock market volatility; conflicts of interest among certain directors and officers; lack of liquidity for shareholders of the Company; litigation risk; and the factors identified under the caption ‘Risk Factors’ in the Company’s public disclosure documents. Readers are cautioned against attributing undue certainty to forward-looking statements or forward-looking information. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or forward-looking information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements or information, other than as required by applicable law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/240735

News Provided by Newsfile via QuoteMedia

This post appeared first on investingnews.com
Keep Reading
Investing

First Helium Completes Drilling 7-15 Well & Cases for Completion and Testing

First Helium Inc. (‘First Helium’ or the ‘Company’) (TSXV: HELI) (OTCQB: FHELF) (FRA: 2MC) today announced that it has completed drilling its 7-15 exploration well at its Worsley Property in Northern Alberta. The 7-15 well has been cased for completion and testing. The Company is now proceeding with a plan to complete and test both the 7-30 and 7-15 wells.

‘We are pleased to have completed drilling our 7-15 well which was delivered on time and within budget, despite drilling during challenging winter conditions. We look forward to completing and testing both wells over the coming weeks,’ said Ed Bereznicki, President & CEO of First Helium.

The proximity of the two locations (see Figure 1), approximately 6 kilometers apart, will enable the Company to efficiently complete and test both wells. Subject to results, necessary preparations are being made to complete, equip and tie-in both wells prior to spring break up in Alberta (a period from mid/late March through May when Provincial highway restrictions limit heavy equipment movement), further setting the stage for systematic development across the Company’s extensive, 100% owned land base.

Figure 1:
East Worsley Project Inventory

Picture1

ABOUT First Helium

Led by a core Senior Executive Team with diverse and extensive backgrounds in Oil & Gas Exploration and Operations, Mining, Finance, and Capital Markets, First Helium seeks to be one of the leading independent providers of helium gas in North America.

First Helium holds over 53,000 acres along the highly prospective Worsley Trend in Northern Alberta which has been the core of its exploration and development drilling activities to date.

Building on its successful 15-25 helium discovery well, and 1-30 and 4-29 oil wells at the Worsley project, the Company has identified numerous follow-up drill locations and acquired an expansive infrastructure system to facilitate future exploration and development across its Worsley land base. Cash flow from its successful oil wells at Worsley has helped support First Helium’s ongoing exploration and development growth strategy. Further potential oil drilling locations have also been identified on the Company’s Worsley land base.

For more information about the Company, please visit www.firsthelium.com .

ON BEHALF OF THE BOARD OF DIRECTORS

Edward J. Bereznicki
President, CEO and Director

CONTACT INFORMATION

First Helium Inc.
Investor Relations
Email: ir@firsthelium.com
Phone: 1-833-HELIUM1 (1-833-435-4861)

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

FORWARD LOOKING STATEMENTS

This press release contains forward looking statements within the meaning of applicable securities laws. The use of any of the words ‘anticipate’, ‘plan’, ‘continue’, ‘expect’, ‘estimate’, ‘objective’, ‘may’, ‘will’, ‘project’, ‘should’, ‘predict’, ‘potential’ and similar expressions are intended to identify forward looking statements. In particular, this press release contains forward looking statements concerning the completion of future planned activities. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company cannot give any assurance that they will prove correct. Since forward looking statements address future events and conditions, they involve inherent assumptions, risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of assumptions, factors and risks. These assumptions and risks include, but are not limited to, assumptions and risks associated with the state of the equity financing markets and regulatory approval.

Management has provided the above summary of risks and assumptions related to forward looking statements in this press release in order to provide readers with a more comprehensive perspective on the Company’s future operations. The Company’s actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive from them. These forward-looking statements are made as of the date of this press release, and, other than as required by applicable securities laws, the Company disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise.

SOURCE: First Helium Inc.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d53617a4-0348-456b-aa2e-0eaa6f3005a9

Primary Logo

News Provided by GlobeNewswire via QuoteMedia

This post appeared first on investingnews.com
Keep Reading
Investing

Opawica Drill Hole Targets 2D Seismic on the Arrowhead Gold Project in Quebec, Canada

(TheNewswire)

Opawica Explorations Inc.

February 13th 2025 TheNewswire – Vancouver, B.C. Opawica Explorations Inc. (TSXV: OPW) (FSE: A2PEAD) (OTCQB: OPWEF) (the ‘Company’ or ‘Opawica’) a Canadian mineral exploration company focused on precious and base metal projects.

One of the primaries aims of the forthcoming Arrowhead Drill Program is to evaluate targets identified through the Echo-Geotech’s land-streamer 2-D seismic survey.

The Company identified four potential subvertical mineralized trends, marked in red (Figure 1). The two proposed drill holes are intended to intersect three of these trends. Historical drilling results from Arrowhead, specifically hole 81-06, which yielded 8.23 Au g/t over 0.5 m, and AR-22-14, which returned 3.91 Au g/t over 1.0 m, correspond with two of the identified trends. The upcoming drilling program aims to explore these trends at greater depths.

The blue projected drill hole (Figure 1) is set to investigate mineralized trends 8, 4, and 5. Additionally, five seismic reflectors (depicted in blue and black) will also be examined.

The green projected drill hole is designed to assess mineralized trends 8 and 4 at approximately 300 meters below the blue drill hole (Figure 1). Furthermore, six seismic reflectors (shown in blue and black) will be tested in this context.

Blake Morgan CEO stated, ‘Over the past few years the Opawica team has amassed a wealth of data by doing millions of dollars’ worth of exploration and drilling. The seismic survey we completed was one of the first of its kind in this region and is now used by multiple companies as it brings a data set, rarely seen by a junior mining exploration company. The Opawica team is going to use this data which shows multiple zones at multiple depth in its upcoming drill program. Abitibi is one of the most prolific gold bearing regions on earth and with multiple active mines all around us, proven high grade on the property and a massive data set. The team is confident it can deliver the high-quality results in its phase 2 drill campaign’

The drill targets were developed in partnership with ALS GoldSpot Discoveries Ltd. and Opawica. The team combined a range of recent and historical drillhole datasets, encompassing geological, structural, alteration, mineralogical, geochemical, and 2D seismic data. This integration has enhanced the understanding of Arrowhead’s geology.

First prospecting started in 1920 on the major shear zone located in the northern part of the property. In 1926 the exploration works consisted prospecting, pitting, trenching and diamond drilling, mainly to test two shear zones containing quartz-carbonate veins with free gold. Gold values of up to 45.05 g/t were obtained over appreciable widths.

Mr. Yvan Bussieres, P.Eng., is the Qualified Person for Opawica Explorations Inc. and approves the technical content of this news release. The qualified person has not verified the information on the Abitibi greenstone belt.  Mineralization hosted on adjacent and/or nearby and/or geologically similar properties is not necessarily indicative of mineralization hosted on the company’s properties.

Figure 1 Section view: Seismic data


Click Image To View Full Size

About Opawica Explorations Inc.

Opawica Explorations Inc. is a junior Canadian exploration company with a strong portfolio of precious and base metal properties within the Rouyn-Noranda region of the Abitibi Gold Belt in Québec. The Company’s management has a great track record in discovering and developing successful exploration projects. The Company’s objective is to increase shareholder value through the development of exploration properties using cost effective exploration practices, acquiring further exploration properties, and seeking partnerships by either joint venture or sale with industry leaders.

FOR FURTHER INFORMATION CONTACT:

Blake Morgan

President and Chief Executive Officer

Opawica Explorations Inc.

Telephone: 604-681-3170

Fax: 604-681-3552

Neither the TSX Venture Exchange nor its Regulation Service Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this news release.

Forward-Looking Statements

This news release contains certain forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company. Readers are cautioned that these forward-looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected including, but not limited to, market conditions, availability of financing, actual results of the Company’s exploration and other activities, environmental risks, future metal prices, operating risks, accidents, labor issues, delays in obtaining governmental approvals and permits, and other risks in the mining industry. All the forward-looking statements made in this news release are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR at www.sedar.com. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required by applicable law.

Copyright (c) 2025 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

This post appeared first on investingnews.com
Keep Reading
Politics

Trump budget bill faces murky odds in key vote after rocky reception in House GOP

The House GOP’s proposal for a massive conservative policy overhaul has already gotten a rocky reception from Republican lawmakers, and with their current majority, Republicans will need to vote in near lock-step to pass anything without Democratic support.

‘I think it’s probably going to have to be modified in some way before it comes to the floor,’ House Freedom Caucus Chairman Andy Harris, R-Md., told Fox News Digital.

Other members of the GOP hardliner group also balked at the bill. Rep. Eric Burlison, R-Mo., called it a ‘pathetic’ attempt at cutting spending.

‘We’ll still be accelerating towards a debt spiral,’ Burlison said.

House and Senate Republicans are working to use their majorities to advance President Donald Trump’s agenda via the budget reconciliation process. By reducing the threshold for passage in the Senate from two-thirds to a simple majority, which the House is already at, it allows the party in power to pass budgetary and fiscal legislation without help from the opposition.

The first step in the process is to advance a framework through the House and Senate budget committees, which then gives directions to other committees on how much funding they get to implement their relevant policy agendas.

The Senate Budget Committee approved its own plan on Wednesday night, while the House counterpart is poised to meet on their proposal Thursday morning.

It’s not immediately clear if that bill will pass, however. Four conservatives on the House Budget Committee – Reps. Chip Roy, R-Texas, Ralph Norman, R-S.C., Andrew Clyde, R-Ga., and Josh Brecheen – did not commit to voting for the 45-page proposal backed by GOP leaders that was released on Wednesday morning.

Roy said he was ‘not sure’ if the legislation could advance on Thursday morning when asked by Fox News Digital.

‘We’ll see,’ Norman said when asked if the bill would pass out of committee.

Clyde and Brecheen similarly would not say how they felt about the proposal when leaving the speaker’s office on Wednesday afternoon.

If all four voted against the legislation, it would be enough to block the resolution from advancing to the House floor.

Other conservatives also expressed reservations. Rep. Eli Crane, R-Ariz., told Fox News Digital, ‘I’m not super happy with it.’

‘It just doesn’t do enough to address fiscal cuts,’ Crane said.

The House’s 45-page bill would mandate at least a $1.5 trillion reduction in federal spending over the next 10 years, coupled with $300 billion in new spending for border security and national defense over the same period.

It would also raise the debt ceiling by $4 trillion – something Trump had demanded Republicans deal with before the U.S. runs out of cash to pay its debts, projected to happen by the spring if Congress does not act.

And while hardline conservatives wanted deeper spending cuts written into the bill, Republicans on the House Ways & Means Committee are uneasy about the $4.5 trillion allocated toward extending Trump’s Tax Cuts and Jobs Act (TCJA) of 2017 – which expires at the end of 2025.

‘Let me just say that a 10-year extension of President Trump’s expiring provisions is over $4.7 trillion according to CBO. Anything less would be saying that President Trump is wrong on tax policy,’ Ways & Means Chairman Jason Smith, R-Mo., told The Hill earlier this week.

A member of the committee, Rep. Nicole Malliotakis, R-N.Y., told Fox News Digital, ‘I have some concerns regarding Ways & Means not being provided with the largest amount to cover President Trump’s tax cuts — especially [State and Local Tax deduction (SALT)] relief and a tax reduction for senior citizens, which are both also priorities of mine.’

Rep. Max Miller, R-Ohio, said he had not read the legislative text but that Smith believed the $4.5 trillion figure was ‘about a trillion off from where we need to be in order to make it work.’

The resolution’s first big test comes at 10 a.m. ET on Thursday.

Republicans are aiming to use reconciliation to pass a broad swath of Trump’s priorities, from more funding for law enforcement and detention beds at the U.S.-Mexico border to eliminating taxes on tipped and overtime wages. 

The Senate’s plan would advance border, energy, and defense priorities first while leaving taxes for a second bill.

Speaker Mike Johnson, R-La., called that plan a ‘nonstarter’ this week, however. House leaders are concerned that leaving tax cut extensions for a second bill could allow those measures to expire before lawmakers reach an agreement.

This post appeared first on FOX NEWS
Keep Reading
Politics

‘No betrayal’ in Trump move toward Ukraine war negotiations, Hegseth says

Secretary of Defense Pete Hegseth said President Donald Trump’s move toward negotiations with Russia to end the war with Ukraine was ‘no betrayal’ during a visit to NATO headquarters in Belgium on Thursday.

Hegseth replied to a reporter’s question about the U.S. potentially betraying Ukraine after Trump had a phone call with Russian President Vladimir Putin about beginning to negotiate peace without Kyiv’s full involvement.

‘There is no betrayal there,’ Hegseth told reporters. ‘There is a recognition that the whole world and the United States is invested and interested in peace, a negotiated peace.’

Russia and Ukraine have been at war since February 2022, when Russia first invaded its neighboring nation. Trump had repeatedly said while on the campaign trail that if he was president in 2022 the war would not have broken out — vowing to end it if re-elected. 

On Wednesday, Trump said he had a ‘lengthy’ call with Putin, which included the Russian leader agreeing to ‘immediately’ begin negotiations over the war in Ukraine. Trump also spoke with Zelenskyy separately. After talks with both leaders, Trump said he would ‘probably’ meet in person with the Russian leader in the near term, possibly in Saudi Arabia.

Responding to a separate question, Hegseth referred to the phone calls and pointed to Trump’s ability as a negotiator.

‘I think you saw from President Trump yesterday, who himself is the best negotiator on the planet, bringing two sides together to find a negotiated peace, which is ultimately what everyone wants,’ he said. ‘So I look forward to the ministerial today with our NATO allies to have honest conversations about where we are.’

Hegseth also said he believes Trump is the ‘one man in the world capable of convening the parties together to bring peace.’

Hegseth ends hopes for Ukraine to join NATO

During his visit to NATO headquarters on Wednesday, Hegseth told allies that ‘returning to Ukraine’s pre-2014 borders is an unrealistic objective,’ as Trump works to bring an end to the war.

‘He intends to end this war by diplomacy and bringing both Russia and Ukraine to the table.  And the U.S. Department of Defense will help achieve this goal,’ Hegseth said. ‘We want a sovereign and prosperous Ukraine. But we must start by recognizing that returning to Ukraine’s pre-2014 borders is an unrealistic objective. Chasing this illusionary goal will only prolong the war and cause more suffering.’ 

Fox News Digital’s Emma Colton and Greg Norman, along with The Associated Press, contributed to this report.

This post appeared first on FOX NEWS
Keep Reading