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Chris Wright, Trump’s pick to lead Energy Department, faces confirmation vote Monday in Senate

The Senate will hold a vote Monday evening on whether to confirm President Donald Trump’s nominee to head the Department of Energy, Chris Wright.

Wright, the CEO and founder of Liberty Energy Inc., an energy industry service provider based in Colorado, was tapped by the 47th president to head the Department of Energy under his administration.

The Trump nominee has received bipartisan support for his nomination, being introduced by a Democrat, Sen. John Hickenlooper of Colorado, during his confirmation hearing with the Senate Energy and Natural Resources Committee this month. 

Wright will face the final hurdle of his confirmation process on Monday evening during a full Senate vote on his confirmation.

If confirmed, Wright will be sworn in this week as the next secretary of energy.

Wright, during his confirmation hearing, said he had identified three ‘immediate tasks’ where he would focus his attention: unleashing American energy, leading the world in innovation and technology breakthroughs and increasing production in America.

This post appeared first on FOX NEWS
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Trump says he agreed to “immediately pause” anticipated tariffs on Mexico for one month

President Trump says he agreed to “immediately pause” tariffs on Mexico for a month after a “very friendly” conversation with the country’s president Claudia Sheinbaum.

“I just spoke with President Claudia Sheinbaum of Mexico. It was a very friendly conversation wherein she agreed to immediately supply 10,000 Mexican Soldiers on the Border separating Mexico and the United States,” Trump wrote on Truth Social.

“These soldiers will be specifically designated to stop the flow of fentanyl, and illegal migrants into our Country,” he wrote.

“We further agreed to immediately pause the anticipated tariffs for a one month period during which we will have negotiations headed by Secretary of State Marco Rubio, Secretary of Treasury Scott Bessent, and Secretary of Commerce Howard Lutnick, and high-level Representatives of Mexico. I look forward to participating in those negotiations, with President Sheinbaum, as we attempt to achieve a “deal” between our two Countries,” the president went on.

The 25% tariffs on Mexico had been set to take effect at midnight.

Sheinbaum also posted on social media about the pause, saying she and Trump had reached agreements on security and trade.

Mexico will immediately reinforce the border with 10,000 members of its National Guard, while the US committed to working on preventing high-powered weapons from being trafficked to Mexico, Sheinbaum said.

This is a developing story and will be updated.

This post appeared first on cnn.com
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Rwanda’s president says he doesn’t know if his country’s troops are in DRC

Much of the international community believes that Rwanda backs the M23 rebels, who claimed to capture the city of Goma in eastern Congo last week. UN experts believe that an estimated 3,000 – 4,000 Rwandan soldiers are supervising and supporting M23 fighters in the east of the DRC, outnumbering the rebel group’s forces in the country.

“I don’t know,” Kagame said, despite the fact that he is commander-in-chief of the Rwandan Defence Force.

“There are many things I don’t know. But if you want to ask me, is there a problem in Congo that concerns Rwanda? And that Rwanda would do anything to protect itself? I’d say 100%,” he continued.

Madowo told Kagame that comparisons have been made between him and Russian President Vladimir Putin, who backed local separatist forces to try and invade Donbas, an eastern region of Ukraine, in 2014.

“There will be so many stories,” Kagame said of the comparison, adding that he can’t “stop people from saying whatever they want to say.”

“I may be called anything – what can I do about it?” he asked. “We have to do what we have to do… we have to make sure we survive any storm that blows across our country.”

Kagame called the Democratic Forces for the Liberation of Rwanda (FDLR), one of the largest foreign armed groups operating in the DRC, an “existential threat” to Rwanda. He alleged that the group was fully integrated into the Congolese armed forces, suggesting that other governments in the region also support the rebel group.

Kagame repeatedly insisted that Rwanda will do “whatever it takes” to protect itself, without giving much information about what this entails.

“Nobody,” including the United Nations or the international community “is going to do it for us,” the leader said.

When asked again if he was sending troops to the DRC, Kigame said that Rwanda will do “anything to protect itself,” telling Madowo to “read whatever you want to read from what I’m telling you.”

This post appeared first on cnn.com
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Ex-British soldier who spied for Iran and made prison escape is sentenced to 14 years

A former British soldier convicted of spying for Iran after an audacious three-day escape from a London prison was sentenced Monday to more than 14 years behind bars for betraying his country.

Daniel Khalife, 23, was convicted in November of violating the Official Secrets Act and Terrorism Act for providing restricted and classified material to Iran.

“As a young man you had the makings of an exemplary soldier, however, through the repeated violations of your oath of service, you showed yourself to be instead a dangerous fool,” Justice Bobbie Cheema-Grubb said.

Jurors in Woolwich Crown Court had rejected his testimony that he was trying to work for the UK as a double agent.

Khalife’s spying case had not received much attention until he broke out of Wandsworth Prison on the underbelly of a food delivery truck. He was on the run for three days before police arrested him on a bicycle by a canal in London.

Khalife pleaded guilty to the escape during his trial, but continued to contest the spying charges.

Khalife’s lawyer, who argued his acts were more like a plot from “Scooby Doo” than a James Bond thriller, said his client had only passed along imprecise information, including “laughably fake” documents that caused no actual damage.

“There’s no way that what Mr. Khalife did is going to wind up being a lesson for budding spies,” attorney Gul Nawaz Hussain said. “His intentions were neither sinister nor cynical.”

But prosecutors said Khalife had in fact played a “cynical game” by claiming he wanted to be a spy after he had delivered a large amount of restricted and classified material to the Iranian intelligence service, including the names of special forces officers.

Khalife testified that he had been in touch with people in the Iranian government but that it was all part of a ploy to ultimately work as a double agent for Britain, a scheme he developed from watching the TV show “Homeland.”

Authorities said he presented a true risk to national security because of the threat that Iran poses. Police noted that the UK has disrupted 20 plots by Iran, including assassination plans.

British security services were not aware of Khalife’s contacts with the Iranians until he contacted MI6, the UK’s foreign intelligence service, to offer to work as a double agent.

He reached out to MI6 anonymously, saying he had earned the trust of his Iranian handlers and that they had rewarded him by leaving $2,000 cash (£1,578) in a dog poo bag in a north London park.

Khalife joined the army at 16 and was assigned to the Royal Corps of Signals, a communications unit that is deployed with battlefield troops, as well as special forces and intelligence squads.

He was told he could not join the intelligence service because his mother is from Iran.

At 17, he reached out to a man connected with Iranian intelligence and began passing along information, prosecutors said. He was given NATO secret security clearance when he took part in a joint exercise at Fort Cavazos in Texas in early 2021.

The judge noted that his security breaches while on US soil could have caused diplomatic damage.

Khalife’s escape from the Victorian-era prison drew attention to larger failures in the nation’s aging and overcrowded correctional system. An inquiry is currently underway into how Khalife was able to escape and whether others helped.

Two men have been arrested on charges of helping him after he escaped.

This post appeared first on cnn.com
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New Zealand Government Publishes Its Critical Minerals List – Naming Gold and Antimony. RUA GOLD Provides Exploration Update on the Reefton Project’s Extensive Antimony Potential

Rua Gold Inc. (TSXV: RUA) (OTCQB: NZAUF) (WKN: A40QYC) (‘Rua Gold’ or the ‘Company’) executives attended the launch event for the Minerals Strategy for New Zealand to 2040 and Critical Minerals List event hosted by New Zealand Petroleum and Minerals in Waihi on January 31, 2025. Honorable Shane Jones, Resource Minster for New Zealand, presented the critical minerals list that included both gold and antimony.

Furthermore, Rua Gold is pleased to provide an update from the exploration campaign underway at the Reefton Project on the South Island of New Zealand with significant added potential of antimony within the project.

Highlights:

  • Byproduct credit that antimony brings the potential to add considerable economic value to the Reefton Project and New Zealand’s strategic mineral inventory.

  • Antimony spot price increased 250% in 2024 and has held at all time high levels of over US$40,000 ton.

  • Auld Creek already has an antimony resource, and the Company is focused on expanding this in 2025. The resource is restricted to two of the four known shoots. Soil geochemistry indicates the potential for discovery of additional mineralised shoots over a strike length of 2.5km.

  • Drilling of Auld Creek commenced in December 2024, holes ACDD024, ACDD025 intersected 4-5m of strong stibnite (antimony sulphide) mineralization. Assays pending in the lab.

  • Rock chips have been found in several areas across the Reefton District with grades with up to 40.3% antimony (and gold grades up to 74.3g/t).

  • It is common for high grade gold and stibnite (antinomy ore mineral) to be co-located and the stibnite it is often used as a pathfinder for gold.

Robert Eckford, CEO of Rua Gold commented: ‘Having New Zealand’s largest known antimony presence on our property is extremely encouraging, especially with it trading at all time high’s and with it being announced on New Zealand’s first ever critical minerals list.

We commenced drilling on Auld Creek antimony-gold prospect which already has an antimony resource. Rock chips across the other projects on the property increase our confidence this gold-antimony occurrence is consistent across the Reefton Goldfield. We are focused on expanding the Auld Creek resource and we will have assay results from the latest holes coming out in February.

This all comes on the back of the government’s launch event for the Minerals Strategy for New Zealand to 2040 and Critical Minerals List, where both gold and antimony in Reefton Goldfield was called out as being one of the key focus points of the critical minerals strategy for New Zealand.’

Cannot view this image? Visit: https://images.newsfilecorp.com/files/10755/239363_cb218af9a4275a32_007.jpg

Figure 1: Overview of the Reefton Goldfield.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10755/239363_cb218af9a4275a32_007full.jpg

GLOBAL SUPPLY AND VALUE OF ANTIMONY

Antimony, is a critical metalloid primarily sourced from the mineral, stibnite. It is highly valuable and increasing in demand due to its versatility and has essential applications across renewable energy, liquid battery metals, defence and technological sectors.

Due to its limited supply, predominantly controlled by China, Russia & Tajikistan, antimony is considered a strategic material essential for supply chain security, particularly during periods of geopolitical instability. This was heightened in August 2024, when China announced export controls on processed antimony products. In response to these controls, nations have accelerated their efforts to secure alternative sources of antimony to mitigate the risk of significant supply chain vulnerabilities.

The US, EU, UK, Japan, Canada and Australia all designate antimony as a critical mineral. On January 31, 2025, New Zealand also announced their Critical Mineral List which included antimony.

Reflecting heightened demand, the price of antimony has reached new highs, currently trading over US$40,000 per tonne, a significant increase from US$11,350 per tonne at the start of 2024. This market shift has intensified interest in the strategic antimony potential held by Rua Gold.

EXPLORATION POTENTIAL

Auld Creek Focus

Rua Gold commenced drilling at Auld Creek in December 2024. It has a targeted program to drill four mineralised shoots identified from historical surface exploration work interpreted by the Rua Gold team over the past 3 months.

Auld Creek is situated between two past producing mines, Globe Progress mine, and the Crushington Group of mines which collectively produced 933,000oz at 14.0g/t Au (Barry 1993). Auld Creek has three historic adits but no commercial production from the reefs.

 

Rua Gold has an inferred resource indicating 700,000 tonnes at 3.1g/t Au and 1.1% Sb for 67,000oz of gold and 8,000 tonnes of antimony1 (AuEq 110,000oz2). The resource is restricted to two of the four known shoots. Soil geochemistry indicates the potential for discovery of additional mineralised shoots over a strike length of 2.5km.

Two of the four holes completed to date intersected 4-5m of strong visible stibnite (antimony sulfide) mineralization in the Fraternal-Bonanza structure. Logging and assaying are in progress.

Previous diamond drilling by Siren Gold Limited (‘Siren’) confirmed the presence of significant antimony, with notable drill holes including:

  • ACDDH011: 8.1m @ 2.73g/t Au and 4.33% Sb (AuEq of 11.0g/t) 80m below the surface.
  • ACDDH015: 12.4m @ 5.19g/t Au and 13.65% Sb (AuEq of 31.3g/t) 75m below the surface.

Full table of results in Table 1 in the appendix below. 

Cannot view this image? Visit: https://images.newsfilecorp.com/files/10755/239363_cb218af9a4275a32_008.jpg

Figure 2: Extent of drilling and mapping at Auld Creek with four main reef tracks overlain on arsenic soil geochemistry.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10755/239363_cb218af9a4275a32_008full.jpg

Other Reefton Prospects

With the increased interest in antimony over 2024, the exploration team widened its focus to include testing for stibnite (antimony) mineralization across other known targets of the Reefton Goldfield.

In the early 1900’s, the Fiery Cross lode, within Capleston, reported significant antimony mineralisation associated with the gold-bearing quartz reef, but at the time, in common with many other Reefton Goldfield mines, mining this posed a problem for gold recovery and the material was discarded on the tip head. Re-sampling of this mined material from the tip head (float), and from an insitu quartz reef of the old mine at surface has returned exceptionally high results including:

  • Sample GER3721 with 23.5g/t gold and 20.6% antimony
  • Sample GER3725 with 7.53g/t gold and 16.7% antimony
  • Sample GER3726 with 52.3g/t gold and 16.0% antimony

Refer to Table 2 in the appendix below for a complete list of rock samples.

Murray Creek hosts the Golden Treasure mine, 350m south south-west of the Victoria-Inglewood mines. Gold recovery at the Golden Treasure was also hindered by the presence of stibnite. In parts of the mine where the shoot consisted of 30-40 % antimony the ore was stacked in the workings for future sale (Downey, 1928a).

Rua Gold conducted both channel samples on surface and assayed a suite of rocks from the tip head of the mine workings. This has provided firsthand evidence of the tenor of the antimony has returned exceptionally high results including:

  • GERS6027: Trench with 1m wide with 10.8g/t gold and 1.7% antimony
  • GERS6028: Trench with 1m wide with 3.66g/t gold and 3.8% antimony
  • GERS3714: Rock sample with 2.29g/t gold and 40.3% antimony
  • GERS3716: Rock sample with 6.72g/t gold and 26.9% antimony
  • GERS3720: Rock sample with 4.77g/t gold and 23.3% antimony

Refer to Table 3 and 4, respectively, in the appendix below, for a complete list of trench and rock samples.

With results from this surface exploration work, the exploration team are encouraged that the stibnite mineralization is demonstrated throughout the Reefton Goldfield and further work will form part of the surface exploration campaign in 2025.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/10755/239363_cb218af9a4275a32_009.jpg

Figure 3: Location of known antimony locations.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10755/239363_cb218af9a4275a32_009full.jpg

ABOUT Rua Gold

Rua Gold is an exploration company, strategically focused on New Zealand. With decades of expertise, our team has successfully taken major discoveries into producing world-class mines across multiple continents. The team is now focused on maximizing the asset potential of Rua Gold’s two highly prospective high-grade gold projects.

The Company controls the Reefton Gold District as the dominant landholder in the Reefton Goldfield on New Zealand’s South Island with over 120,000 hectares of tenements, in a district that historically produced over 2Moz of gold grading between 9 and 50g/t.

The Company’s Glamorgan Project solidifies Rua Gold’s position as a leading high-grade gold explorer on New Zealand’s North Island. This highly prospective project is located within the North Islands’ Hauraki district, a region that has produced an impressive 15Moz of gold and 60Moz of silver. Glamorgan is adjacent to OceanaGold Corporation’s biggest gold mining project, Wharekirauponga.

For further information, please refer to the Company’s disclosure record on SEDAR+ at www.sedarplus.ca.

TECHNICAL INFORMATION

Simon Henderson CP, AUSIMM, a qualified person under National Instrument 43-101 Standards of Disclosure for Mineral Projects and Chief Operating Officer and a director of Rua Gold, has reviewed and approved the technical disclosure contained herein. Mr. Henderson has participated in the geochemical sampling, and mapping programs to verify that they have been conducted in accordance with standard operating procedures. Mr. Henderson has verified the data disclosed by running checks on the location, analytical, and test data underlying the information in the technical disclosure herein.

QA/QC ROCK SAMPLES AND CHANNEL SAMPLES

Veins were sampled in 1 m intervals. Before sampling, outcrops were cleared of debris and alluvial sediments with shovels and hammers to uncover the full extent of the veins. 1m intervals were measure with a tape and marked with flagging tape or spray paint. A line was made along the outcrop, then chips were taken continuously along that line. Each 1m interval sample is 1.5kgs of material.

Rock samples were sent to SGS Laboratories, Westport for sample preparation. Samples were crushed and pulverized to 85% passing 75 µm. The pulverized rock-chips were split into two samples: a ~50 g sent for laboratory analysis, and the reject returned to RGL for pXRF analysis and storage. Pulverized rock-chip samples were analyzed for gold (Au) by 50-g fire assay with AAS finish at SGS Waihi (SGS Code FAA505); and for antimony (Sb) by Sodium Peroxide Fusion Analysis by ICP-MS at SGS Waihi.

Rua Gold Contact

Robert Eckford
Chief Executive Officer
Email: reckford@RUAGOLD.com
Website: www.RUAGOLD.com

This news release includes certain statements that may be deemed ‘forward-looking statements’. All statements in this new release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words ‘expects’, ‘plans’, ‘anticipates’, ‘believes’, ‘intends’, ‘estimates’, ‘projects’, ‘potential’ and similar expressions, or that events or conditions ‘will’, ‘would’, ‘may’, ‘could’ or ‘should’ occur and specifically include statements regarding: the Company’s strategies, expectations, planned operations or future actions, including but not limited to exploration programs at its Reefton and Glamorgan projects and the results thereof. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements.

Investors are cautioned that any such forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. A variety of inherent risks, uncertainties and factors, many of which are beyond the Company’s control, affect the operations, performance and results of the Company and its business, and could cause actual events or results to differ materially from estimated or anticipated events or results expressed or implied by forward looking statements. Some of these risks, uncertainties and factors include: general business, economic, competitive, political and social uncertainties; risks related to the effects of the Russia-Ukraine war; risks related to climate change; operational risks in exploration, delays or changes in plans with respect to exploration projects or capital expenditures; the actual results of current exploration activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; changes in labour costs and other costs and expenses or equipment or processes to operate as anticipated, accidents, labour disputes and other risks of the mining industry, including but not limited to environmental hazards, flooding or unfavorable operating conditions and losses, insurrection or war, delays in obtaining governmental approvals or financing, and commodity prices. This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statements and reference should also be made to the Company’s short form base shelf prospectus dated July 11, 2024, and the documents incorporated by reference therein, filed under its SEDAR+ profile at www.sedarplus.ca for a description of additional risk factors.

Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

Table 1: Significant drilling intercepts for Auld Creek, full mineralized zone composites (1.5 g/t Au cut-off)1.

Hole ID Azimuth Dip (⁰) Easting (NZTM) Northing (NZTM) From (m) To (m) Downhole Interval (m) Au (g/t) Sb (%)
ACDDH004 45 -60 1507194 5332976 51.72 57.9 6.18 1.59 0,01
ACDDH004 45 -60 1507194 5332976 116.19 136.84 20.65 5.41 2.17
ACDDH005 100 -60 1507194 5332976 57.66 64.41 6.75 1.64 0.06
ACDDH005 100 -60 1507194 5332976 65.8 80.35 14.55 2.07 0.10
ACDDH007 40 -58 1507185 5332881 123.22 148.45 25.23 3.14 0.07
ACDDH008 100 -58 1507186 5332881 72.14 76.35 4.21 1.55 0.02
ACDDH011 130 -81 1507212 5333051 75.3 83.4 8.1 2.73 4.33
ACDDH015 158 -58 1507204 5333139 69.6 82 12.4 5.19 13.65
ACDDH015 158 -58 1507204 5333139 105 132.4 27.4 3.67 0.2
ACDDH016 330 -55 1507202 5333141 65 90 25 6.55 0.29

 

  1. Full drilling results are available in the Company’s technical report entitled, ‘Technical Report on Reefton Project, New Zealand’, dated October 30, 2024.

Table 2: Fiery Cross Rock Sampling

Sample ID Easting Northing Au (g/t) Sb %
GERS3721 1511843 5341564 23.5 20.60
GERS3722 1511843 5341575 3.99 3.37
GERS3723 1511837 5341573 1.6 8.16
GERS3724 1511850 5341579 0.75 16.80
GERS3725 1511870 5341609 7.53 16.70
GERS3726 1511865 5341607 52.3 16.00
GERS3727 1511853 5341608 3.85 2.08
GERS3728 1511855 5341611 9.22 4.50
GERS3729 1512081 5341681 74.3 0.02

 

Table 3: Golden Treasure trench results outcropping Antimony lode

Trench Sample ID Easting Northing From To Interval Au (g/t) Sb%
GT01 GERS6024 1510018 5335275 0 1 1 5.92 0.0168
GT01 GERS6025 1510018 5335275 1 2 1 4.87 0.0158
GT01 GERS6026 1510018 5335275 2 3 1 0.6 0.0172
GT02 GERS6027 1510016 5335266 0 1 1 10.8 1.7212
GT02 GERS6028 1510016 5335266 1 2 1 3.66 3.8173
GT02 GERS6029 1510016 5335266 2 3 1 0.3 0.213
GT02 GERS6030 1510016 5335266 3 4 1 10.8 0.0223
GT02 GERS5651 1510016 5335266 4 5 1 1 0.0124
GT02 GERS5652 1510016 5335266 5 6 1 1.53 0.0123
GT02 GERS5653 1510016 5335266 6 7 1 19.8 0.0161

 

Table 4: Golden Treasure rock chip sampling from tip head and creek float adjacent to level 1.

Sample Easting Northing Au (g/t) Sb %
GERS3711 1510018 5335275 12.4 1.07
GERS3712 1510016 5335266 4.33 3.71
GERS3713 1510020 5335249 1.74 0.371
GERS3714 1510096 5335170 2.29 40.3
GERS3715 1510097 5335170 13.3 7.46
GERS3716 1510096 5335171 6.72 26.91
GERS3717 1510095 5335171 7.03 9.88
GERS3718 1510094 5335173 0.05 24.7
GERS3719 1510098 5335173 1.85 30.3
GERS3720 1510096 5335176 4.77 23.3

 

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/239363

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Bitcoin Well Announces Record Active Users and New Customer Registrations in January and Debt Settlement

(TheNewswire)

Bitcoin Well Inc.

Edmonton, Alberta TheNewswire – February 3, 2025 Bitcoin Well Inc. (‘ Bitcoin Well ‘ or the ‘ Company ‘) ( TSXV: BTCW; OTCQB: BCNWF ), the non-custodial bitcoin business on a mission to enable independence announces that January ended with a record number of active users and new customer registrations in a single month.

Record customer  growth

The Company added over 2,800 customer registrations in January 2025, bringing the total number of customer registrations to over 35,000. This number represents a 52% increase over October 2024 customer registrations, and more than 150% increase compared to new customers registered in January 2024.

Further, Bitcoin Well achieved over 2,100 active users in the month of January 2025. This represents an increase of 39% over October 2024, and more than 350% increase compared to January 2024.

‘It feels like we continue to take advantage of the market timing alongside our product market fit’ said Adam O’Brien, founder and CEO of Bitcoin Well. ‘We are speaking to the right people, and they are loving the Bitcoin Portal. I believe we have identified the most efficient marketing strategy and we are going to continue leaning into our community. People will be able to replace their bank with Bitcoin Well sooner than they think!’

Shares for Debt Settlement

The Company is indebted to certain creditors in the total amount of $133,289 as of December 31, 2024 (the ‘ Outstanding Debt ‘), pursuant to certain use of bitcoin agreements and a convertible debenture agreement (collectively, the ‘ Agreements ‘). The Outstanding Debt is interest accrued under the Agreements. Bitcoin Well has elected to settle $101,919 of the Outstanding Debt by issuing 536,408 common shares in the capital of the Company (the ‘ Shares ‘) at a deemed price of $0.190 per Share and will settle $31,370 of the Outstanding Debt by issuing 206,381 Shares at a deemed price of $0.152 per Share (the ‘ Debt Settlement ‘). The Debt Settlement remains subject to TSX Venture Exchange approval. All Shares issued in satisfaction of the Outstanding Debt will be subject to a statutory hold period of four months plus one day.

It is anticipated that a director of the Company will participate in the Debt Settlement through a wholly owned subsidiary. Such participation will be considered to be a ‘related party transaction’ within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (‘ MI 61-101 ‘). The Company intends to rely on the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of the related party participation in the Debt Settlement as neither the fair market value (as determined under MI 61- 101) of the subject matter of, nor the fair market value of the consideration for, the transaction, insofar as it will involve interested parties, is expected to exceed 25% of the Company’s market capitalization (as determined under MI 61-101).

About Bitcoin Well

Bitcoin Well is on a mission to enable independence. We do this by making bitcoin useful to everyday people to give them the convenience of modern banking and the benefits of bitcoin. We like to think of it as future-proofing money. Our existing Bitcoin ATM and Online Bitcoin Portal business units drive cash flow to help fund this mission.

Join our investor community and follow us on Nostr , , and to keep up to date with our business.

Bitcoin Well contact information

To book a virtual meeting with our Founder & CEO Adam O’Brien please use the following link: https://bitcoinwell.com/meet-adam

For additional investor & media information, please contact:

Adam O’Brien

Tel: 1 888 711 3866

ir@bitcoinwell.com

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 information

Certain statements contained in this news release may constitute forward-looking information, which is often, but not always, identified by the use of words such as ‘anticipate’, ‘plan’, ‘estimate’, ‘expect’, ‘may’, ‘will’, ‘intend’, ‘should’, or the negative thereof and similar expressions. All statements herein other than statements of historical fact constitute forward-looking information including, but not limited to, statements in respect of Bitcoin Well’s business plans, strategy and outlook. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information including, but not limited to, the risk factors described in Bitcoin Well’s annual information form and management’s discussion and analysis for the year ended December 31, 2023. Forward-looking information should not be unduly relied upon. Any forward-looking information contained in this news release represents Bitcoin Well’s expectations as of the date hereof and is subject to change. Bitcoin Well disclaims any intention or obligation to revise any forward-looking information, except as required by applicable securities legislation.

Copyright (c) 2025 TheNewswire – All rights reserved.

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USAID closes HQ to staffers Monday as Musk says Trump supports shutting agency down

U.S. Agency for International Development (USAID) staffers said that they tracked over 600 workers who reported getting locked out of the USAID computer systems overnight, according to the Associated Press. People who remained in the system got emails stating that ‘at the direction of Agency leadership’ the headquarters facility ‘will be closed to Agency personnel on Monday, Feb. 3.’

Elon Musk, who is spearheading the Department of Government Efficiency (DOGE) effort, had said during an X spaces conversation that President Donald Trump agreed that the USAID should be shut down.

Musk indicated that the shut-down process is underway. 

He said that unlike an apple contaminated by a worm, the agency is ‘a bowl of worms.’

‘There is no apple,’ he said. ‘It’s beyond repair.’

Musk noted that the more he has gotten to know Trump, the more he likes the president.

‘Frankly, I love the guy. He’s great,’ the business tycoon said of the commander in chief.

Musk has been excoriating USAID in posts on X.

‘USAID is a criminal organization. Time for it to die,’ he tweeted.

‘USAID was a viper’s nest of radical-left marxists who hate America,’ he asserted.

‘We spent the weekend feeding USAID into the wood chipper. Could [have] gone to some great parties. Did that instead,’ Musk noted.

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South Africa hits back at Trump’s claim that it is ‘confiscating land,’ as US aid to country threatened

JOHANNESBURG – President Donald Trump’s announcement that he plans to cut off all foreign aid to South Africa because he claimed it is ‘confiscating’ land ‘and treating certain classes of people very badly’ in ‘a massive human rights violation’ has provoked strong reaction from the South African presidency and commentators. 

‘The South African government has not confiscated any land’, South African President Cyril Ramaphosa responded in a statement, adding ‘We look forward to engaging with the Trump administration over our land reform policy and issues of bilateral interest. We are certain that out of those engagements, we will share a better and common understanding over these matters’. 

Last week, Ramaphosa signed a bill into law permitting national, provincial and local authorities to expropriate land – to take it -‘for a public purpose or in the public interest,’ and, the government stated ‘subject to just and equitable compensation being paid’. However, sources say no expropriation has happened yet.

On his Truth Social Media platform, President Trump hit out at South Africa, posting ‘It is a bad situation that the Radical Left Media doesn’t want to so much as mention. A massive Human Rights VIOLATION, at a minimum, is happening for all to see. The United States won’t stand for it, we will act. Also, I will be cutting off all future funding to South Africa until a full investigation of this situation has been completed!’ Trump later repeated his comments while speaking to the press on Sunday night at Joint Base Andrews in Maryland.

Pieter du Toit, assistant editor of South African media group News 24, posted on X ‘The U.S. President, clearly advised by Elon Musk, really has no idea what he’s talking about.’ 

South African-born Musk is trying to expand his Starlink internet service into South Africa, but President Ramaphosa has reportedly told him he must sell off 30% of his company here to local broad-based so-called Black empowerment interests.

In response to the South African president’s statement, Musk fired back on X, asking Ramaphosa, ‘Why do you have openly racist ownership laws?’

Analyst Frans Cronje told Fox News Digital that President Trump may be referring to the ongoing killing of farmers in South Africa when he posted that certain classes of people are being treated very badly.

‘President Trump’s recent comments on land seizures in South Africa cannot be divorced from his past comments on violent attacks directed at the country’s farmers. Whilst these comments have often been dismissed as false, the latest South African data suggests that the country’s commercial farmers are six times more likely to be violently attacked in their homes than is the case for the general population.’ 

Cronje said there may be agendas in play behind President Trump’s statements.

‘Such seizures may also apply to the property of American investors in South Africa. Cronje is an adviser at the U.S. Yorktown Foundation for Freedom. He added ‘with regards to land specifically, the legislation could enable the mass seizure of land which has been an oft expressed objective of senior political figures in the country. To date, however, there have been no mass seizures, in part because there was no legislative means through which to achieve such seizures.’ 

Now, with the bill having been signed into law, Cronje says that has changed. 

‘The comments around property rights in South Africa must be read against broader and bipartisan US concern at developments in South Africa. In 2024 the US/South Africa Bilateral Relations Review Act was introduced (in Congress) amid concerns that the South African government’s relationships with Iran, Russia, and China threatened US national security interests.’

Cronje, who also advises corporations and government departments on economic and political trajectory, continued. ‘Last week, South Africa’s government, together with that of Cuba, Belize and four other countries supported the formation of the ‘Hague Group’ in an apparent move to shore up the standing of the International Criminal Court, amid the passage through Congress of the Illegitimate Court Counteraction Act that prescribes sanctions against any country that is seen to use the court to threaten US national security interests. South Africa has in recent years been prominent in employing both that court and the International Court of Justice in the Hague to press for action against Israel and Israeli leaders.’

South Africa’s Ramaphosa played down the importance of U.S. aid, stating ‘with the exception of PEPFAR (The U.S. President’s Emergency Plan for AIDS Relief) Aid, which constitutes 17% of South Africa’s HIVAids program, there is no other significant funding that is provided by the United States in South Africa.’ President George W. Bush introduced PEPFAR in 2003.

Analyst Justice Malala, also speaking on ENCA, said that, under the Trump administration, ‘the United States is going to upend South Africa in many ways.’

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Trump ‘agreed’ on shutting down USAID, Elon Musk says

Elon Musk, who is spearheading the Department of Government Efficiency (DOGE) effort, said during an X spaces conversation that President Donald Trump agreed that the U.S. Agency for International Development (USAID) should be shut down.

Musk indicated that unlike an apple contaminated by a worm, the agency is ‘a bowl of worms.’

‘There is no apple,’ he said. ‘It’s beyond repair.’

Musk noted that the more he’s gotten to know Trump, the more he likes the president.

‘Frankly, I love the guy. He’s great,’ the business tycoon said of the president.

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ANDREW BATES: How Democrats can crush Republicans on the economy and win the midterms

NEWYou can now listen to Fox News articles!

In 2020 and in the White House, I was the Biden spokesperson responsible for drawing strategic contrasts with Republicans and counterpunching when they attacked us – including as former President Biden won the most votes of any candidate in American history and then as the Biden-Harris administration achieved the most significant legislative record since Lyndon Johnson.

That is how I know that the last thing President Trump wants now is for Democrats to talk about his broken promise to lower costs right away. The telltale sign is that he has stopped talking about it himself. 

He knows that with an aggressive economic message that reveals the GOP’s establishment-bought true colors, Democrats can ignite a 2026 midterm backlash. 

Here is an inescapable fact: as soon as Republicans took control of Washington, their first act was to violate the core promise they made to voters: delivering pre-COVID, pre-inflation prices on ‘Day One.’

Trump repeated this pledge all over the country, even at the Republican National Convention: ‘I will end the devastating inflation crisis immediately… Starting on day one, we will drive down prices.’

He guaranteed voters in my home state of North Carolina that Republicans would make prices for ‘everything’ ‘come down and come down fast.’

This was the commitment Americans cared about most – and Republican politicians knew they could never honor it, short of triggering a recession. That commitment is in shreds.

Like Savannah Guthrie recently said on Today, ‘Impacting the wallets of every American: the cost of eggs –skyrocketing. Gas prices [are] on the rise, as well.’

Now that they’re in charge, instead of cutting costs, Republicans are selling Americans’ government off to wealthy special interests – starting with tax giveaways for the rich that voters despise across party lines.

To finance their tax welfare for billionaires, Republicans are double-crossing the middle class. Last week, the administration was caught freezing critical funding for health care, police, firefighters, and pre-k, prompting outcries across the country. 

It won’t stop there.

Republicans are also proposing cuts to Medicaid and the Affordable Care Act that would increase the price of health coverage and close hospitals across the country – especially in struggling communities. Remember the 2018 midterms: healthcare is a powerful kitchen table issue.

What’s more, now that Republicans are imposing broad tariffs, they are actively increasing the prices and taxes working families pay. And they want the revenue to enable their tax handouts for the rich.  Raising taxes on the middle class in order to cut them for the wealthy is just about the least popular thing the government can do.

And should the GOP target the Inflation Reduction Act or the CHIPS and Science Act – which are surging manufacturing jobs back to America – they’ll be supporting an historic redistribution of jobs from working Americans to communist China.

Regardless of Trump’s distractions, Democrats should constantly remind voters: ‘We were promised 2019 prices out of the gate. That was the whole point. Where the hell are they? I just see Republicans gearing up to cut taxes for the wealthy, take health care from millions, and raise costs. We should be making life more affordable, investing in the middle class, and having billionaires and big corporations pay their fair share in taxes.’

While fighting hard for all our values, women’s health and other bedrock rights, we should put our economic opportunity message front and center. 

Americans hope for a better economy in the New Year

We should unmistakably position ourselves on the side of the American Dream. On the side of everyday people and of economic competition – against rich, consolidated special interests. Capitalism thrives the most when everyone who works hard and plays by the rules has a fair shot. 

Don’t reflexively oppose every last thing Trump does; make this economic contrast stand out.

Meet people where they are, including podcasts and news organizations across the political spectrum. Base your arguments in values, not wonkishness  — because 99.999% of the American public are proud not to be political junkies.

And deny Republicans’ their preferred foils when it comes to crime and the border, while denouncing brutal treatment of migrants and other un-American cruelty. When the next ‘abolish ICE’ or ‘defund the police’ surfaces on our side of the aisle–or when even a few of our allies further the misimpression that we don’t want to earn the votes of people from every background– party leaders should stamp it out fast, and plant our flag in the mainstream. Then pivot back to how Republicans are ripping Americans off to pay for their tax cuts for the rich.

For example: ‘Democrats support border security. Republicans inherited the fewest crossings in four years, and the number would have been lower if they hadn’t blocked the toughest bipartisan border bill in modern history out of politics, stopping us from hiring more Border Patrol and ICE personnel. Now that they’re in power, Republicans are hoping we won’t notice they’re raising prices while cutting taxes for the wealthy.’

And when we decry corruption, always mention the tangible costs. Don’t say that firing inspectors general isn’t ‘normal.’ Say, ‘Republicans just fired the nonpartisan watchdogs that stop the waste of taxpayer dollars.’

Shake off paralysis. Terminate the impulse to play into Trump’s hands. Instead of taking his bait, use his controversies as a segue to rail against the GOP’s broken promises: ‘If Republicans are hoping the American people will excuse raising the costs they told us they’d cut because they were busy letting January 6th convicts who beat cops off the hook, they have a rude awakening coming in 2026.’ 

Voters never have higher expectations than when a party — currently the GOP–has full control of Washington.  

Politics is a never-ending fight over definitions. In today’s online-dominated, conflict-obsessed environment – when traditional news is shaped by social media in more ways than even reporters and executives themselves understand – contrasts and authenticity are unprecedentedly important. So is outworking your opponents.

It’s time to take the initiative, and define ourselves and Republicans on our terms: on the economy.

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