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SAGA Metals Completes Strategic Infrastructure Upgrades in Preparation for Major Drill Program at the 100% Owned Radar Titanium Property in Labrador, Canada

 

Saga Metals Corp. (‘SAGA’ or the ‘Company’) (TSXV: SAGA,OTC:SAGMF) (OTCQB: SAGMF) (FSE: 20H) a North American exploration company focused on critical mineral discovery, is pleased to announce SAGA’s team has completed the 4 km access trail along the core of the Trapper zone providing necessary access for future drill programs and exploration activities. The access trail is located to run along the surface trend of extensive outcropping and sub-cropping oxide layers. In addition, a 25-tonne excavator from Gladiator drilling has opened 3 trenches across the two significant aeromagnetic anomalies of the Trapper zone, exposing a total of 504m 2 (5,425ft 2 ) of semi-massive to massive vanadiferous titanomagnetite (‘VTM’) mineralization.

 

 Figure 1

 

   Figure     1     :    Radar Pro   ject’s Trapper Zone depicting two aeromagnetic anomalies and the trend of the inferred oxide layering. The Trapper trail will support a new diamond drilling program.   SAGA has demonstrated    the reliability of the regional airborne magnetic surveys after ground-truthing and drilling    in the 2024 and 2025 field programs.  

 

Located just 10 km from Cartwright, Labrador, the 24,175-hectare Radar Titanium Project is supported by existing infrastructure, including road access, a deep-water port, an airstrip, and nearby hydroelectric power. The property completely encompasses the Dykes River Intrusive Complex, a previously underexplored layered mafic body.

 

With a large oxide layering thickness, a near-monomineralic Vanadiferous Titanomagnetite (VTM) composition, and extensive mineral tenures, the Radar Titanium Project shows the potential to become a globally significant VTM project.

 

 Figure 2

 

   Figure 2:    Radar Property map, depicting aeromagnetic anomalies, oxide layering and the site of the 2025 drill program. The Property is well serviced by road access and is conveniently located near the town of Cartwright, Labrador. A compilation of historical aeromagnetic anomalies is shown. SAGA has demonstrated    the reliability of the regional airborne magnetic surveys after ground-truthing and drilling    in the 2024 and 2025 field programs.  

 

  2025 Summer Field Program – Road Maintenance, Trail Access, Trenching and Geophysics  

 

The 2025 summer field program marked a critical phase in advancing the exploration efficiency and cost-effectiveness of future drill programs and exploration activities in the western portion of the property, including the highly prospective Trapper zone. Key components of this program include:

 

  1. Maintenance of the forestry road

    2.  

  2. Construction of the drill rig compatible access trail across the Trapper zone

    3.  

  3. Trenching in the Trapper and Hawkeye zones

    4.  

  4. Ground-based magnetometer surveys over the two major anomalies in the Trapper zone

    5.  

  1.   Forestry Road Maintenance:  

    2.  

The first step for the team was to perform maintenance on the Cartwright Forest Service road, which had not seen regular clearing for the last few decades. This work included:

 

  •   Objective: Clear overgrown sections of the existing forestry road to enable access for trucks and heavy equipment to reach the laydown area. This road is essential for allowing the team proper access to the west of the property claims, and includes an equipment lay-down area and an access trail into the Trapper Zone.

    •  

  •   Work: Brush-cutting and removal with heavy equipment.

    •  

  •   Equipment: Brush-saws, Chain-saws, 6-tonne excavator, 25-tonne excavator.

    •  

  •   Outcome: The 4.2 km of refurbished track now provides reliable access to the lay-down area, enhancing logistical efficiency for the Trapper zone trail building.

    •  

 Figure 3.1

 

   Figure 3.1:    Completed maintenance on the Cartwright Forest Service Road  

 

 Figure 3.2

 

   Figure 3.2:    Start of the Trapper Zone Trail, viewed from the lay down along the Cartwright Forest Service Road  

 

2. Trapper Trail Construction:  

 

The next phase of infrastructure development aimed to upgrade the pre-existing snowmobile/ATV trail into a drill rig-compatible trail, which gains access to the heart of the Trapper zone and extends past the two major anomalies. This work included:

 

  •   Facilitate Access: Provide direct trail access into the Trapper Zone on the western extent of the 20 km aerial oxide layer of the Dykes River Intrusion, connecting the eastern Hawkeye Zone to the western Trapper Zone.

    •  

  •   Support Drilling Operations: Enable efficient mobilization of diamond drilling equipment to high-priority targets identified through geophysical surveys within the Trapper zone.

    •  

  •   Enhance Cost Efficiency: Reduce logistical costs for future exploration campaigns by leveraging existing infrastructure and minimizing reliance on helicopter support.

    •  

  •   Ensure Sustainability: Minimize environmental impact through strategic trail planning and compliance with Newfoundland and Labrador’s permitting requirements.

    •  

 Figure 3.3

 

   Figure 3.3:    Excavator and work truck located along the Trapper Trail over the northern portion of the oxide layer trend within the Trapper zone.  

 

3. Trapper & Hawkeye Zone Trenching:  

 

The trenches within the Trapper zone were identified as targets due to extremely high readings on the GSM-19 Magnetometer. On numerous occasions, the geophysics team had the GSM-19 Magnetometer Instruments reading well beyond the highest highs of the Hawkeye zone, which reached 74,000 nt.

 

Upon trenching these locations, it was discovered that the presence of semi-massive to massive VTM – oxide layering outcrops were not far from the surface. A total of 504m 2 (5,425ft 2 ) was trenched across the oxide layering strike in the north and south anomalies of the Trapper zone. Work is ongoing to complete pressure washing of the outcrops, clearing away dirt and debris to better show the structure and mineralogy of these exposures.

 

 Figure 4.1

 

   Figure 4.1:    Excavator and Michael Garagan (CGO & Director of SAGA) standing on a VTM oxide layer outcrop in the northern anomaly at the Trapper zone.  

 

 Figure 4.2

 

   Figure 4.2:    Semi-massive to Massive VTM oxide layer outcrop in the southern anomaly at the Trapper zone.  

 

4. Trapper Zone Geophysics:  

 

As previously reported, SAGA mobilized two geophysical crews to complete magnetic and VLF-electromagnetic survey coverage across the north and south anomalies within the Trapper Zone.

 

SAGA’s geophysics team has continued to report strong magnetic detection levels over both anomalies, requiring recalibration of the geophysical instruments. The team is excited to report that readings have exceeded the 74,000 nT detected in the Hawkeye zone, with readings recorded as high as 115,498 nT over the northern Trapper zone anomaly and over 113,000 nT over the southern Trapper zone anomaly. In some cases, the instruments reached the maximum level of detection (120,000 nt).

 

 Figure 5

 

   Figure 5:    Reading off of the Magnetometer GSM-19 geophysical instrument recording 115,498 nT over the Tapper zone.  

 

SAGA’s geophysics team is working to complete the remaining lines over the coming days and will be the subject of a future new release in the near term.

 

  Michael Garagan, CGO & Director of SAGA stated:   ‘This summer has been a critical juncture in the development of the project and preparation for efficient and cost-effective drilling in the future. We believe that with the infrastructure upgrades completed our drilling cost per meter has come down significantly, setting us on the right track to reach our goal of approximately $300-$350/m. SAGA’s plans and objectives over the next 12-month are to complete a 10,000-15,000-meter drill program, setting the stage for the completion of a maiden resource calculation. A project like this, with homogenous geochemistry and large oxide layers, can move towards a resource calculation with 100 m drill spacing over the 2.5 km stretch of the entire oxide layering strike that runs continuously through the Trapper zone.’  

 

  Qualified Person  

 

Paul J. McGuigan, P. Geo., is an Independent Qualified Person as defined under National Instrument 43-101 and has reviewed and approved the technical information related to the Radar Ti-V-Fe Project disclosed in this news release.

 

  About Saga Metals Corp.  

 

 Saga Metals Corp. is a North American mining company focused on the exploration and discovery of a diversified suite of critical minerals that support the global transition to green energy. The Radar Titanium Project comprises 24,175 hectares and entirely encloses the Dykes River intrusive complex, mapped at 160 km² on the surface near Cartwright, Labrador. Exploration to date, including a 2,200m drill program, has confirmed a large and mineralized layered mafic intrusion hosting vanadiferous titanomagnetite (VTM) with strong grades of titanium and vanadium.

 

The Double Mer Uranium Project, also in Labrador, covers 25,600 hectares featuring uranium radiometrics that highlight an 18km east-west trend, with a confirmed 14km section producing samples as high as 0.428% U 3 O 8 and uranium uranophane was identified in several areas of highest radiometric response (2024 Double Mer Technical Report).

 

Additionally, SAGA owns the Legacy Lithium Property in Quebec’s Eeyou Istchee James Bay region. This project, developed in partnership with Rio Tinto, has been expanded through the acquisition of the Amirault Lithium Project. Together, these properties cover 65,849 hectares and share significant geological continuity with other major players in the area, including Rio Tinto, Winsome Resources, Azimut Exploration, and Loyal Metals.

 

With a portfolio that spans key minerals crucial to the green energy transition, SAGA is strategically positioned to play an essential role in the clean energy future.

 

  On Behalf of the Board of Directors  

 

  Mike Stier, Chief Executive Officer  

 

For more information, contact:

 

Rob Guzman, Investor Relations
Saga Metals Corp.
Tel: +1 (844) 724-2638
Email: rob@sagametals.com
www.sagametals.com

 

  Neither the TSX Venture Exchange nor its Regulation Service 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 Disclaimer  

 

This news release contains forward-looking statements within the meaning of applicable securities laws that are not historical facts. Forward-looking statements are often identified by terms such as ‘will’, ‘may’, ‘should’, ‘anticipates’, ‘expects’, ‘believes’, and similar expressions or the negative of these words or other comparable terminology. All statements other than statements of historical fact, included in this release are forward-looking statements that involve risks and uncertainties. In particular, this news release contains forward-looking information pertaining to the exploration of the Company’s Radar Project. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, environmental risks, limitations on insurance coverage, inherent risks and uncertainties involved in the mineral exploration and development industry, particularly given the early-stage nature of the Company’s assets, and the risks detailed in the Company’s continuous disclosure filings with securities regulations from time to time, available under its SEDAR+ profile at www.sedarplus.ca. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements only as expressly required by applicable law.

 

Photos accompanying this announcement are available at:

 

  https://www.globenewswire.com/NewsRoom/AttachmentNg/e8128200-d3b7-48da-aee0-484bad883fca  

 

  https://www.globenewswire.com/NewsRoom/AttachmentNg/6c8d3aa5-99b1-4eba-ab0c-616ac8aa84eb  

 

  https://www.globenewswire.com/NewsRoom/AttachmentNg/26751ee2-942d-431f-8bf1-c64df78353de  

 

  https://www.globenewswire.com/NewsRoom/AttachmentNg/fdf6776f-80be-4a01-b78b-1dcc786d5051  

 

  https://www.globenewswire.com/NewsRoom/AttachmentNg/66c2fa8f-6518-4aed-988f-09d98f483a25  

 

  https://www.globenewswire.com/NewsRoom/AttachmentNg/c5ff730b-9a14-4cad-843f-696bcf80efad  

 

  https://www.globenewswire.com/NewsRoom/AttachmentNg/63807f35-1f7c-4a3c-b3c7-6fa0df9d0d83  

 

  https://www.globenewswire.com/NewsRoom/AttachmentNg/42529e33-6d14-4c03-bfc4-9ec7030a7fc6  

 

  Primary Logo 

 

 

News Provided by GlobeNewswire via QuoteMedia

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Schumer calls on FBI to conduct counterintelligence threat assessment on Epstein files

Senate Minority Leader Chuck Schumer, D-N.Y., has called on the FBI to conduct a counterintelligence threat assessment on the Jeffrey Epstein files.

Schumer said on the Senate floor on Tuesday that the FBI assessment should accomplish three things: determine if foreign intelligence agencies could gain access to the information ‘the president does not want to release in the Epstein files, through methods that include cyber intrusion;’ identify any vulnerabilities that could be exploited by foreign intelligence agencies with access to non-public information in the Epstein files, ‘including being able to gain leverage over Donald Trump, his family, or other senior government officials;’ and result in the FBI publicly showing that the bureau is ‘developing mitigation strategies to counter these threats and safeguard our national security.’ 

At his weekly Democratic leadership press conference afterward, Schumer condemned what he categorized as the Epstein ‘cover-up,’ further taking aim at President Donald Trump and House Speaker Mike Johnson, R-La.

‘Trump promised he’d release the Epstein files while he was on the campaign trail, yet he has yet to do it,’ Schumer told reporters. ‘Speaker Johnson quite literally preferred to shut down Congress, sending everyone home on an Epstein recess to avoid the topic. Americans are right to be angry over the lack of transparency, but there are also some very real questions about risks to national security.’

‘Given Trump’s total about-face on releasing files and given what we know from the FBI whistleblowers, it’s natural to ask, what happens if our adversaries use cyberattacks and other means to access files and materials into Epstein that are damaging or worse for President Trump and or those around him?’ Schumer continued. ‘What happens if the Epstein files end up in the hands of Russia or North Korea, or Chinese governments? Unless the Epstein files are fully released to the public, could our adversaries use that, Epstein, to use that information to blackmail someone like the president? 

Last Thursday, Schumer noted, the Department of Homeland Security and the Department of Health and Human Services were among several government agencies hacked as part of a breach to Microsoft SharePoint system. 

‘This was confirmed that it was Chinese actors. So we don’t need this happening again,’ Schumer said. ‘We have to ensure that it can’t happen. National security is not and should never be a partisan issue. We need to do everything we can to make sure we protecting the U.S. and American families. This report is vital in doing that. Beyond that, there is one more thing Donald Trump could do to quell people’s anger, confusion, frustration, and/or deep fears. That is, release the files.’ 

Last week, Johnson ended the House legislative session a day early, averting a potential vote on a resolution by Reps. Thomas Massie, R-Ky., and Ro Khanna, D-Calif., that would have compelled the Justice Department and the FBI to release the Epstein files. Johnson asserted on Sunday that House Republicans supported ‘maximum disclosure’ but argued that the resolution was ‘reckless’ and poorly drafted, arguing that it ignored federal rules protecting grand jury materials and ‘would require the DOJ and FBI to release information that they know is false, that is based on lies and rumors and was not even credible enough to be entered into the court proceedings.’ 

Johnson said he supported the Trump administration’s stance that ‘all credible evidence and information’ be released, but emphasized the need for safeguards to protect victims’ identities.

During a bilateral meeting with British Prime Minister Keir Starmer in Scotland on Monday, Trump was asked why he kicked Epstein out of his Mar-a-Lago club in West Palm Beach, Florida, years ago. 

‘That’s such old history. Very easy to explain, but I don’t want to waste your time by explaining it. But for years, I wouldn’t talk to Jeffrey Epstein. I wouldn’t talk because he did something that was inappropriate,’ Trump told reporters. ‘He hired help, and I said, ‘Don’t ever do that again.’ He stole people that worked for me. I said, ‘Don’t ever do that again.’ He did it again, and I threw him out of the place, persona non grata. I threw him out and that was it.’ 

Trump said he turned down an invitation to Epstein’s notorious island in the Caribbean and claimed former President Bill Clinton and former Harvard University President Larry Summers had gone. 

‘I never went to the island and Bill Clinton went there, supposedly 28 times. I never went to the island, but Larry Summers, I hear, went there. He was the head of Harvard and many other people that are very big people. Nobody ever talks about them,’ Trump said. ‘I never had the privilege of going to his island. And I did turn it down. But a lot of people in Palm Beach were invited to his island. In one of my very good moments, I turned it down.’ 

Fox News’ Tyler Olson contributed to this report.

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Biden ‘Politburo’ member Steve Ricchetti to appear before House investigators in Comer cover-up probe

Longtime Democratic operative Steve Ricchetti is appearing before House investigators on Wednesday, the seventh former White House aide to be summoned for Oversight Committee Chairman James Comer’s probe.

Ricchetti most recently served as counselor to President Joe Biden during the vast majority of the Biden White House’s four-year term.

He’s now expected to sit down with House Oversight Committee staff for a closed-door transcribed interview that could last several hours.

Comer, R-Ky., is investigating whether Biden’s top White House aides concealed signs of mental decline in the president, and if that meant executive actions were signed via autopen without his knowledge.

Ricchetti first began working for Biden in 2012, when he was appointed as counselor to the vice president during the Obama administration. He was soon promoted to Biden’s chief of staff in late 2013.

Ricchetti, who made a living as both a lobbyist and a Democratic insider, chaired Biden’s 2020 presidential campaign as well.

The committee’s interest in him, however, lies in his alleged key role in managing the White House while aides reportedly worked to obscure signs of the president’s mental decline.

‘As Counselor to former President Biden, you served as one of his closest advisors. According to a report, you were part of a group of insiders who implemented a strategy to minimize ‘the president’s age-related struggles,’’ Comer wrote to Ricchetti in June, referencing a Wall Street Journal report.

‘The scope and details of that strategy cannot go without investigation. If White House staff carried out a strategy lasting months or even years to hide the chief executive’s condition—or to perform his duties—Congress may need to consider a legislative response.’

Axios reporter Alex Thompson, who co-wrote ‘Original Sin’ with CNN host Jake Tapper about Biden’s cognitive decline and his aides’ alleged attempts to cover it up, told PBS program Washington Week earlier this year that Ricchetti was part of a small group of insiders that some dubbed Biden’s ‘Politburo.’

He also played a key role in Biden’s legislative agenda, most notably as one of the Democratic negotiators working with then-House Speaker Kevin McCarthy, R-Calif., to avoid a full-blown fiscal crisis over the U.S. national debt in early 2023.

It comes after another close former aide, former White House Chief of Staff Ronald Klain, appeared before investigators for his own transcribed interview last week.

Like Klain, Ricchetti is appearing on voluntary terms—the fourth former Biden aide to do so.

Three of the previous six Biden administration officials who appeared before the House Oversight Committee did so under subpoena. Former White House physician Kevin O’Connor, as well as former advisers Annie Tomasini and Anthony Bernal, all pleaded the Fifth Amendment during their compulsory sit-downs.

But the three voluntary transcribed interviews that have occurred so far have lasted more than five hours, as staff for both Democrats and Republicans take turns in rounds of questioning.

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Trump looks to skip G20 summit in South Africa after viral Oval Office meeting

President Donald Trump said on Tuesday he may skip the G20 summit in South Africa in November over the nation’s ‘very bad policies,’ and instead send someone else to represent the United States.

Trump made the remarks aboard Air Force One in response to a reporter’s question as he returned from a trip to Scotland, where the president achieved a massive trade deal with the European Union.

‘I think maybe I’ll send somebody else because I’ve had a lot of problems with South Africa,’ Trump said. ‘They have some very bad policies.’

‘Very, very bad policies, like policies where people are being killed,’ Trump added.

In May, Trump confronted South African President Cyril Ramaphosa at the White House with news clippings and a video allegedly showing grave treatment of White farmers.

Trump has claimed that White Afrikaner South African farmers are being slaughtered and forced off their land. The Afrikaners are descendants of mostly Dutch settlers who first arrived in South Africa in 1652. 

South Africa and its president have denied claims of genocide and harassment. 

Secretary of State Marco Rubio already boycotted a G20 foreign ministers’ meeting in South Africa earlier this year over the government’s controversial land seizure policy.

Both the Trump and former Biden administrations have also criticized South Africa after the nation accused Israel of genocide in Gaza and brought a case to the International Court of Justice.

Fox News Digital’s Greg Norman contributed to this report.

This post appeared first on FOX NEWS
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From Gaza to Greenland, Macron breaks with Trump on global flashpoints

From Gaza to Greenland, French President Emmanuel Macron appears to be taking increasingly bolder diplomatic stabs at President Donald Trump’s foreign policy even though such gestures don’t ‘carry weight’ as Trump pointed out last week after the French leader declared his intention to recognize a Palestinian state.

‘French Presidents from Charles de Gaulle onwards have reveled in the idea that they are a natural counterweight to U.S. foreign policy on the international stage,’ Alan Mendoza, executive director of the U.K.-based Henry Jackson Society, told Fox News Digital Monday.

Charles de Gaulle was France’s long-serving leader in the 1950s and 1960s and was famously resistant to U.S. global dominance, withdrawing his country from NATO’s military command structure in a bid to increase its military independence and criticizing U.S. policies in Eastern Europe and Vietnam.

Such contrarian actions, Mendoza said, ‘have in many ways defined the French Fifth Republic, with larger-than-life characters thrusting their views onto the world stage.

‘The difference now is that France matters far less globally than it did 60 years ago,’ he said, adding that a weakening of the European country’s economy and its military might ‘means that where once de Gaulle could roar, now Macron whimpers.’ 

‘What was once a sign of French strength and confidence now therefore looks more like a desperate attempt to escape irrelevance,’ said Mendoza.

In a dramatic announcement last week, Macron said that at the United Nations General Assembly in September France intends to declare its recognition of a Palestinian state, even as Palestinian terror groups continue to battle Israel in the Gaza Strip. 

The statement drew condemnation from Israeli Prime Minister Benjamin Netanyahu, who said such a move ‘rewards terror.’ 

It was also criticized by Secretary of State Marco Rubio, who called the decision ‘reckless’ and ‘a slap in the face to the victims of October 7th.’ He said the U.S. strongly rejected such a plan. 

Trump merely dismissed Macron’s Gaza move, telling reporters at the White House Friday ‘what he says doesn’t matter.’ 

‘He’s a very good guy. I like him, but that statement doesn’t carry weight,’ the president said.

This is not the first time the president has discounted Macron as inconsequential.

Last month, after the French president speculated about Trump’s reasons for leaving the G7 summit in Canada early and returning to Washington, the president wrote on his Truth Social platform, ‘Wrong! He has no idea why I am now on my way to Washington, but it certainly has nothing to do with a Cease Fire. Much bigger than that. Whether purposely or not, Emmanuel always gets it wrong. Stay Tuned!’ 

In the same post, Trump said Macron was ‘publicity seeking.’ 

The disparaging comments came after Macron directly contradicted Trump’s foreign policy by stopping on his way to the summit in the semi-autonomous Arctic territory of Greenland, which Trump has said he wishes to acquire. 

‘Greenland is not to be sold, not to be taken,’ Macron declared in a diplomatic stab at Trump’s foreign policy and seemingly an attempt to rally support from other European countries to stand up to the U.S. 

Asked about Trump’s ambitions for Greenland, Macron, according to Reuters, said, ‘I don’t think that’s what allies do. …  It’s important that Denmark and the Europeans commit themselves to this territory, which has very high strategic stakes and whose territorial integrity must be respected.’

In February, the French president paid his first visit to the White House since Trump’s return to power, and while the meeting appeared to be warm, it also came amid tension over the U.S. approach to the Russia-Ukraine war.

Hours before the meeting, the U.S. voted against a United Nations resolution drafted by Ukraine and the European Union condemning Russia for its invasion.

Tensions between Macron and Trump are not personal, said Mendoza, but they are also not totally ideological. 

They stem from Macron’s ‘desire to be relevant and to stand for something,’ he said. ‘The French are famous contrarians, but they do it for the sake of being contrarian.’

Reuel Marc Gerecht, a resident scholar at the Foundation for Defense of Democracies, the Washington, D.C., think tank, said Macron was no ‘different from most European leaders. … Trump just isn’t their cup of tea.’

‘Most view Trump as a convulsive, hostile force who views America’s historic relationship with Europe as transactional,’ he said.  

‘Macron, like most French leaders, defines himself in part against the U.S.,’ Gerecht added, explaining that, traditionally, France and America ‘had a ‘mission civilisatrice’ or a competitive enlightenment mission.’ 

‘The American way has been enormously appealing in Europe since World War II, but it has come in part at the expense of the French, who have culturally lost a lot of ground to the Anglophones, especially the Americans,’ he said. ‘Consequently, many Frenchmen have a love-hate relationship with the U.S.’   

On Macron, Gerecht added, ‘He is part of the French elite. They are a bright lot who punch way above their weight, but, educationally, temperamentally, they are nearly the opposite of Trump.’ 

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Ethereum Price History: A Decade of Disrupting Finance

When Canadian-Russian programmer Vitalik Buterin penned a white paper in 2013 outlining a new kind of blockchain platform, few could have predicted the seismic impact it would have on the world of finance, technology, and beyond.

Today (July 30), Ethereum turns 10 years old, marking a milestone that represents a decade of one of the most influential blockchain platforms and a testament to the growing pains, triumphs, and resilience of the decentralized movement.

How did Ethereum go from a white paper drafted by a 19-year-old to a billion-dollar ecosystem that reshaped global finance?

Read on to find out more.

What is Ethereum and who invented it?

Co-founder Buterin said in a 2016 interview that Ethereum was born out of admiration for Bitcoin’s decentralized structure and frustration at its limited capabilities.

“I thought [those in the Bitcoin community] weren’t approaching the problem in the right way. I thought they were going after individual applications; they were trying to kind of explicitly support each [use case] in a sort of Swiss Army knife protocol,” Buterin said, summarizing his motivation to build something more adaptable.

From this foundational idea, Ethereum emerged as a decentralized, programmable blockchain — a “world computer” that would host smart contracts and decentralized applications (dApps), cutting out middlemen and enabling new forms of coordination.

The foundation of the fledgling project was laid between 2013 and 2014. After releasing his white paper in late 2013, Buterin attracted a handful of co-founders, including Gavin Wood, Charles Hoskinson, Joseph Lubin, Anthony Di Iorio, Jeffrey Wilcke, Mihai Alisie, and Amir Chetrit. Together, they spearheaded a crowdfunding campaign in mid-2014 that raised over US$18 million, one of the earliest and most successful Initial Coin Offerings (ICOs) in crypto history.

Despite this momentum, the Ethereum blockchain didn’t launch until July 30, 2015. That release, dubbed “Frontier,” was a basic, raw, and developer-focused version of Ethereum designed for building the infrastructure that would follow.

ETH, Ethereum’s native coin, initially traded for under a dollar. The early months saw little market movement as ETH hovered between US$0.70 and US$2.00, supported mainly by enthusiasts and developers interested in dApp potential.

When was Ethereum’s first major peak?

Ethereum’s first major price rally came during the 2017 crypto bull run, when rising global interest in blockchain technology and the initial coin offering (ICO) boom brought ETH into the mainstream.

After beginning the year at just barely US$8, Ethereum surged to a then-record high of around US$1,400 by January 2018, capping off one of the most explosive price increases in the history of digital assets. This more than 17,000 percent rise was driven by a combination of speculative demand and the emergence of Ethereum as the preferred platform for launching new tokens via ICOs.

By early 2018, however, the market began to reverse. A sweeping crypto correction saw Ethereum’s price fall back below US$100 by the end of that year. The drawdown exposed Ethereum’s technical bottlenecks, such as high gas fees and slow confirmation times during network congestion.

What was the DAO Hack, and how did it influence Ethereum’s trajectory?

Ethereum’s ethos of decentralization was also tested early on. In 2016, an experiment in decentralized governance — the Decentralized Autonomous Organization or DAO — raised about US$150 million in ETH from the community. The idea was to create a venture capital fund governed entirely by smart contracts and token-holder votes.

But just weeks after launch, a vulnerability in the DAO’s code that allowed for recursive call exploit was discovered, draining 3.6 million ETH or about a third of the fund.

At just ten months old, Ethereum was now facing a crisis that tested its fundamental principles, chief among them the immutability of the blockchain and the inviolability of smart contracts.

Three primary responses were debated. One option was to do nothing, honoring the hacker’s actions as legitimate under the rules of the code and accepting the theft. Another was to implement a “soft fork” that would blacklist the child DAO’s address, effectively freezing the stolen funds.

The most radical option was a “hard fork” that would roll back the ledger and return all stolen Ether to the original investors, which would undo the hack entirely.

Ultimately, the hard fork went ahead, and Ethereum split into two chains: the main Ethereum chain (ETH), where the funds were returned to investors, and a new chain called Ethereum Classic (ETC), which preserved the original ledger including the DAO hack.

How has Ethereum performed post-2020?

u200bEthereum price performance July 30, 2015 - June 30, 2025.

Ethereum price performance July 30, 2015 – June 30, 2025.

Chart via TradingView.

Ethereum reached its all-time high price of US$4,878 on November 10, 2021, during the peak of the 2020–2021 crypto bull run. The rally was driven by a convergence of factors: institutional adoption of crypto, a massive expansion of decentralized finance (DeFi), and explosive interest in NFTs, most of which were built on Ethereum’s ERC-721 standard.

By late 2021, Ethereum was settling billions in daily transaction volume and powering thousands of decentralized applications, cementing its position as the leading smart contract platform.

However, the peak was short-lived. Inflation fears and global risk aversion in early 2022 triggered a sharp correction across risk assets, including crypto. Ethereum’s price dipped below US$1,000 in June 2022 amid cascading liquidations and platform collapses like Terra and Celsius.

Still, even through the drawdown, Ethereum remained the backbone of DeFi, NFT markets, and layer-2 innovation, setting the stage for its long-planned transition to proof-of-stake later that year.

In the years that followed the fork, Ethereum faced growing pressure to scale and reduce its environmental impact, particularly as DeFi and NFT activity surged.

These challenges set the stage for a major protocol overhaul: Ethereum’s transition from Proof-of-Work (PoW) to Proof-of-Stake (PoS) was considered to be one of the most ambitious technical feats in blockchain history. Officially known as “the Merge,” the upgrade combined Ethereum’s execution layer (the mainnet) with the Beacon Chain, which introduced staking-based consensus.

The Merge took place in September 2022 and the environmental impact was immediate: Ethereum’s energy consumption dropped by over 99 percent.

While the Merge had little short-term effect on price, it marked a crucial moment for Ethereum’s long-term viability. At the time of the upgrade, ETH was trading at around US$1,600, which was a sharp decline from its all-time high of US$4,891 in November 2021 during the height of the crypto bull market.

That price peak had been driven by unprecedented network demand as NFTs and decentralized finance exploded in popularity, both largely built on Ethereum. By mid-2022, however, macroeconomic tightening, rising interest rates, and a series of high-profile crypto failures, including the collapse of TerraUSD and the insolvency of major lending platforms, had triggered a broad downturn.

After the Merge, ETH remained volatile. It already lost ground by as much as 70 percent against crypto leader Bitcoin since the Merge, and the introduction of EIP-1559 in 2021 had already created a more deflationary pressure on ETH supply through base fee burns.

Despite this setback, ETH showed relative resilience compared to many altcoins. In 2023, Ethereum hovered mostly between US$1,200 and US$2,100, with price movements closely tracking investor sentiment toward regulatory developments, Bitcoin’s performance, and broader market liquidity. Institutional interest in Ethereum also grew during this period, with more funds launching ETH products and staking services expanding.

Entering 2024, Ethereum gained momentum amid improving macroeconomic conditions and renewed optimism about real-world applications for blockchain technology. The network saw moderate success in sectors like tokenized assets, layer-2 infrastructure, and decentralized identity.

ETH briefly reclaimed the US$4,000 level in early March 2024 before retreating again due to renewed regulatory scrutiny in the US. Despite the pullback, Ethereum remained the second-largest cryptoasset by market capitalization and retained the majority share of developer activity across all chains.

The 2025 Swing

Ethereum 1-year price performance, July 28, 2024 - July 28, 2025.

Ethereum 1-year price performance, July 28, 2024 – July 28, 2025.

Chart via TradingView.

Ethereum, as well as the rest of the crypto landscape, saw a full positive swing in 2025 as regulatory clarity dominated the first half of the year.

In June, the US Senate approved the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act with bipartisan support. President Donald Trump, now serving his second term, publicly backed the bill, calling it “a win for American innovation and financial leadership.”

The GENIUS Act establishes a regulatory framework for US-pegged stablecoins, requiring full reserve backing, independent audits, and federal licensing for large issuers. It also clarifies that qualifying stablecoins are not securities, pulling them out of the SEC’s jurisdiction and instead aligning oversight with banking regulators like the OCC and Federal Reserve.

Crucially, the law defines “payment stablecoins” as a new category of digital cash, and Ethereum has emerged as one of the largest beneficiaries of this policy shift. The majority of dollar-backed stablecoins, which include USDC, USDT, and newer entrants like PayPal USD, are issued and transacted on Ethereum.

The GENIUS Act’s legal recognition of stablecoins has given institutional players more confidence to engage with Ethereum-based infrastructure.

As a result, capital inflows into Ethereum have accelerated, with analysts noting a sharp uptick in demand for ETH as a “platform asset” powering tokenized dollars and digital settlement rails.

ETH’s price also soon followed. Following the Senate’s approval of the GENIUS Act in June 2025, ETH jumped over 25 percent in two weeks, briefly reaching US$3,824 — outperforming Bitcoin and breaking out of a multi-month consolidation range.

The act has also prompted strategic shifts among financial institutions. BlackRock, Fidelity, and JPMorgan have expanded their Ethereum-based offerings, including on-chain fund administration, tokenized treasuries, and collateralized lending protocols that rely on smart contracts.

Several US banks are also piloting internal payment rails using tokenized dollars on Ethereum rollups.

What’s next for Ethereum?

Buterin himself has acknowledged that Ethereum’s current roadmap is not the end. Speaking in late 2022 before the Merge, he noted that “Ethereum is 55 percent complete.”

The long-term vision includes greater privacy features, zero-knowledge proofs for secure scalability, and expanding the reach of dApps to a billion users.

As of mid-2025, Ethereum currently trades around US$3,400, buoyed by strong institutional adoption, continued growth of layer-2 networks like Arbitrum and Base, and early signs of real-world asset tokenization gaining traction among banks and fintech firms.

While Ethereum’s price remains well below its 2021 peak, its performance since 2020 reflects growing maturity, with fewer speculative surges and more interest anchored in a more crypto-friendly environment.

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

This post appeared first on investingnews.com
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Politics

Trump pick Emil Bove confirmed as federal judge after furious Democrat walkout, whistleblower complaints

The Senate confirmed President Donald Trump’s nominee Emil Bove as a federal judge Tuesday, handing a controversial leader at the Department of Justice a lifetime role on a powerful appellate court.

Bove was narrowly confirmed to the U.S. Court of Appeals for the 3rd Circuit in a 50-49vote with no support from Democrats. His confirmation followed a contentious weeks-long vetting process that included three whistleblower complaints and impassioned outside figures voicing both support and opposition to his nomination.

Senate Judiciary Committee Chairman Chuck Grassley, R-Iowa, said from the Senate floor before the vote that he supported Bove and believed the nominee had been the target of ‘unfair accusations and abuse.’

‘He has a strong legal background and has served his country honorably. I believe he will be a diligent, capable, and fair jurist,’ Grassley said. 

Bove’s ascension to the appellate court marks a peak in his legal career.

He started out as a high-achieving student, college athlete and Georgetown University law school graduate. He went on to clerk for two federal judges and worked for about a decade as a federal prosecutor in the Southern District of New York, leading high-profile terrorism and drug trafficking cases through 2019.

Alongside Todd Blanche, now a deputy attorney general, Bove led Trump’s personal defense team during the president’s criminal prosecutions. Blanche told Fox News Digital in an interview last month that Bove was a ‘brilliant lawyer’ who authored the vast majority of their legal briefs for Trump’s cases. In a letter to the Senate, attorney Gene Schaerr called Bove’s brief writing ‘superb.’

Bove will leave behind his job as principal associate deputy attorney general at the DOJ. Attorney General Pam Bondi congratulated him in a statement.

‘This is a GREAT day for our country,’ Bondi wrote on X. ‘I cannot thank Emil enough for his tireless work and support at @TheJusticeDept. He will be missed — and he will be an outstanding judge.’

Two Republicans, Sens. Lisa Murkowski of Alaska and Susan Collins of Maine, voted against Bove.

Democrats and some who crossed paths with Bove during his time in New York and at DOJ headquarters fiercely opposed his nomination and said he was unqualified.

One whistleblower, Erez Reuveni, had become a successful prosecutor at the DOJ over the last 15 years when he was fired under Bove’s watch. Reuveni said he was party to a meeting in March in which Bove floated defying any court orders that would hinder one of Trump’s most legally questionable deportation plans, a claim Bove denies. Reuveni also said the culture at the DOJ, particularly during the most intense moments of immigration lawsuits, involved misleading federal judges and was like nothing he had experienced during his tenure, which included Trump’s first term.

Two other anonymous whistleblowers emerged at the eleventh hour during the confirmation process and vouched for Reuveni’s claims.

A spokeswoman for Grassley told Fox News Digital the third whistleblower only brought claims to Senate Democrats and did not attempt to engage with Grassley. Grassley’s staff eventually met with the whistleblower’s lawyers after the chairman’s office reached out, the spokeswoman said.

Grassley said his staff interviewed more than a dozen people to vet the initial whistleblower claims and could not find evidence that Bove urged staff to defy the courts.

‘Even if you accept most of the claims as true, there’s no scandal,’ Grassley said. ‘Government lawyers aggressively litigating and interpreting court orders isn’t misconduct—it’s what lawyers do.’

While in New York, Bove also alienated some colleagues. In 2018, a band of defense lawyers said in emails reported by The Associated Press that Bove could not ‘be bothered to treat lesser mortals with respect or empathy.’ Another lawyer who had interactions with Bove in New York told Fox News Digital he was a ‘bully’ who browbeat people. 

A group that opposes Bove’s nomination, Justice Connection, published a letter signed by more than 900 former DOJ employees calling for the Senate to reject Bove’s nomination.

Among their concerns was that Bove led the controversial dismissal of Democratic New York City Mayor Eric Adams’ federal corruption charges. Several DOJ officials resigned in protest over Bove’s orders to toss out the charges. In the letter, the former employees said Bove has been ‘trampling over institutional norms’ and that he lacked impartiality.

Senate Judiciary Committee Democrats, in an unusual move, staged a walkout at a hearing on Bove before a recent vote to advance his nomination. Senate Minority Leader Chuck Schumer, D-N.Y., called him a ‘henchman,’ a description Democrats have widely adopted for him.

‘He’s the extreme of the extreme,’ Schumer told reporters. ‘He’s not a jurist. He’s a Trumpian henchman. That seems to be the qualification for appointees these days.’

Bove defended himself against critics during his confirmation hearing.

‘I am not anybody’s henchman. I’m not an enforcer,’ Bove said. ‘I’m a lawyer from a small town who never expected to be in an arena like this.’

Fox News’ Alex Miller contributed to this report.

This post appeared first on FOX NEWS
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Investing

Westport Announces Closing of Previously Announced Light-Duty Segment Divestiture

 

Westport Fuel Systems Inc. (‘Westport’ or the ‘Company’) (TSX:WPRT Nasdaq:WPRT), today announced the successful closing of the previously announced transaction to divest its Light-Duty Segment and outlines its strategic vision for future growth, emphasizing expansion of market share, entering new markets and right sizing its current operations.

 

Today, Westport closed the sale of the Light-Duty Segment to a wholly-owned investment vehicle of Heliaca Investments Coöperatief U.A. (‘Heliaca Investments’), a Netherlands based investment firm supported by Ramphastos Investments Management B.V., a prominent Dutch venture capital and private equity firm (the ‘Transaction’). The Transaction, initially announced on March 31, 2025, includes the sale of Westport Fuel Systems Italia S.r.l., encompassing the Light-Duty OEM, delayed OEM, and independent aftermarket businesses. Total consideration for the assets was a base price of approximately $79.5 million (€67.7 million), subject to certain adjustments, along with potential earnouts of up to a revised estimate of $3.9 million (€3.3 million) based on future performance milestones.

 

‘The successful completion of the disposition of our Light-Duty Segment marks a pivotal step in strengthening our balance sheet,’ said Dan Sceli, Chief Executive Officer of Westport Fuel Systems. ‘More importantly, it allows Westport to sharpen our focus on the larger, higher-growth opportunities ahead, including providing the most economical solutions for heavier duty and high horse power commercial mobility and industrial applications that also deeply decarbonize these challenging segments – where we believe our products and technologies can deliver the greatest value.’

 

  The New Westport  

 

With the successful completion of the Light-Duty Segment divestiture, Westport is taking the necessary steps to execute on a new and focused integrated business strategy. The Company recognizes the evolving macroeconomic environment and is positioning itself to capitalize on renewed market momentum, drive operational excellence, and deliver on key financial objectives.

 

‘The transportation landscape is shifting, and customer demand for cleaner, smarter, and more sustainable solutions continues to accelerate,’ added Sceli. ‘We’re seeing renewed attention on CNG and LNG fuelled platforms and Westport is uniquely positioned to deliver the necessary products and technologies. By leveraging our core strengths in fuel-agnostic, high-pressure fuel systems, we aim to meet growing market demand and provide our customers with reliable solutions that perform – and in many cases are more affordable than the incumbant engines.’

 

During the upcoming Q2 financial results conference call, Westport will be covering additional details about the transaction and Westport’s strategy ahead. We will focus on key priorities, including:

 

  • Cespira: Strategic market expansion and technology leadership in heavy-duty transportation and off road high horse power mobility

    •  

  • High Pressure Controls and Systems: Complementing the energy transition with versatile solutions that support multiple powertrain platforms

    •  

  • Westport Financial Initiatives: Balancing opportunity scale, execution performance, and dynamic market conditions

    •  

Westport’s key focus going forward recognizes both the opportunities and headwinds in overall market conditions. We have initiated a comprehensive internal process to review additional ways to maximize our economic benefit from this recent transaction for our stakeholders. We look forward to providing additional insight and updates when we report Q2 2025 results on Monday, August 11, 2025, after market close.

 

  About Westport Fuel Systems  

 

Westport is a technology and innovation company connecting synergistic technologies to power a cleaner tomorrow. As a leading supplier of affordable, alternative fuel, low-emissions transportation technologies, we design, manufacture, and supply advanced components and systems that enable the transition from traditional fuels to cleaner energy solutions.

 

Our proven technologies support a wide range of clean fuels – including natural gas, renewable natural gas, and hydrogen – empowering OEMs and commercial transportation industries to meet performance demands, regulatory requirements, and climate targets in a cost-effective way. With decades of expertise and a commitment to engineering excellence, Westport is helping our partners achieve sustainability goals – without compromising performance or cost-efficiency – making clean, scalable transport solutions a reality.

 

 Westport Fuel Systems is headquartered in Vancouver, Canada. For more information, visit   www.westport.com   .

 

  Cautionary Note Regarding Forward-Looking Statements  

 

  This press release contains forward-looking statements, including statements regarding the anticipated benefits of the Transaction, including potential earn-out payments, the ability to strengthen our balance sheet, the ability to capitalize on higher-   growth opportunities   ,   and our expectations regarding the future success of our business.   Other forward-looking statements included in the release include those relating to Westport’s future strategic plans, business opportunities and use of the Transaction proceeds. These statements are neither promises nor guarantees but involve known and unknown risks and uncertainties and are based on both the views of management and assumptions that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activities, performance, or achievements expressed in or implied by these forward-looking statements. These risks, uncertainties, and assumptions include those related to governmental policies, regulation and approval, the achievement of the performance criteria required for the earnout described above, purchase price adjustments contained in the Agreement, the demand for our products, as well as other risk factors and assumptions that may affect our actual results, performance, or achievements, as discussed in our most recent Annual Information Form and other filings with securities regulators. Readers should not place undue reliance on any such forward-looking statements, which speak only as of the date they were made. We disclaim any obligation to publicly update or revise such statements to reflect any change in our expectations or in events, conditions, or circumstances on which any such statements may be based, or that may affect the likelihood that actual results will differ from those set forth in these forward-looking statements except as required by National Instrument 51-102. The contents of any website referenced in this press release are not incorporated by reference herein   .  

 

  Investor Inquiries:  
Investor Relations
T: +1 604-718-2046
E:   invest@westport.com   

 

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Investing

Maritime Announces Repayment of Senior Secured Notes Due August 14, 2025

Maritime Resources Corp. (TSXV: MAE,OTC:MRTMD) (‘Maritime’ or the ‘Company’) is pleased to announce the full cash repayment of the US$5 million principal amount owed under its non-convertible senior secured notes due on August 14, 2025 (the ‘Notes’), along with accrued and unpaid interest for the month of July 2025. In order to repay the Notes, the Company used the proceeds from its recently completed brokered ‘best efforts’ private placement offering of common shares in the capital of the Company, as announced on July 17, 2025. Payment for the Notes was processed today through Computershare Trust Company of Canada.

Garett Macdonald, Chief Executive Officer of Maritime, commented: ‘We would like to take this opportunity to thank each of the noteholders for their support of the acquisition of the Point Rousse Project which included the Pine Cove Mill in August 2023 through the senior secured note facility. The Company is once again debt-free with the full repayment of the Notes.’

About Maritime Resources Corp.

Maritime (TSXV: MAE,OTC:MRTMD) is a gold exploration and development company focused on advancing the Hammerdown Gold Project in the Baie Verte District of Newfoundland and Labrador, a top tier global mining jurisdiction. Maritime holds a 100% interest directly and subject to option agreements entitling it to earn 100% ownership in the Green Bay Property which includes the former Hammerdown gold mine and the Orion gold project. Maritime controls over 439 km2 of exploration land including the Green Bay, Whisker Valley, Gull Ridge and Point Rousse projects. Mineral processing assets owned by Maritime in the Baie Verte mining district include the Pine Cove mill and the Nugget Pond gold circuit.

On Behalf of the Board:

Maritime Resources Corp.

Garett Macdonald, MBA, P.Eng.
President and CEO
Phone: (416) 365-5321
info@maritimegold.com 
www.maritimeresourcescorp.com

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

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/260608

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Investing

Steve Barton: Gold, Silver, Uranium — Price Targets and Key Levels to Watch

“Whatever is out of favor and hated at the moment, that’s probably what you need to buy,” he said. “Buy it when it’s boring and no one cares, then you get to ride the wave up.”

Barton also broke down his current portfolio, which holds a 30 percent weighting in precious metals—particularly gold—citing concerns over currency policies and the long-term upside for gold and silver.

Watch the interview above for more from Barton on the similarities between poker and resource investing.

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

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