Author

admin

Browsing

Republicans in Congress are launching a probe into a Biden-era green energy grant program that sent billions in funding to climate groups tied to Democrats and former President Joe Biden’s allies.

GOP leaders on the House Energy and Commerce Committee sent letters to the eight nonprofits awarded grants from the $20 billion Greenhouse Gas Reduction Fund (GGRF), seeking answers to ensure the Biden Environmental Protection Agency (EPA) followed proper ethics and conflict of interest protocols in distributing the funds.

In February, the Trump administration’s EPA announced it would take steps to get the money back, citing concerns over a lack of oversight related to how the money was being disbursed. In the announcement, new EPA administrator Lee Zeldin cited comments from a former Biden EPA political appointee, who described disbursements made through GGRF as akin to ‘tossing gold bars off the Titanic,’ because Biden officials were allegedly trying to get money out the door before Trump took over. 

It was also revealed that $2 billion from GGRF went to a Stacy Abrams-linked group, Power Forward Communities, which had not been established until after the Biden administration announced the GGRF application process. Meanwhile, during Power Forward’s first few months of operations — prior to receiving the funding — the group reported just $100 in revenue.

Climate United, another group that received the most money from the GGRF, roughly $7 billion, currently staffs a former Biden climate advisor who worked during the last two years of the former president’s term. The same group is also run by a CEO with ties to the Obama administration and a board member who was among those invited to Biden’s signing ceremony for his multitrillion-dollar infrastructure bill in 2021.  

Several GGRF grant recipients have ties to Democrats and Biden advisors, and some were reportedly founded shortly before or after the Biden administration announced the program. Meanwhile, these groups, according to Zeldin, had sole discretion on how to use the funds.

House Energy and Commerce Chairman Brett Guthrie, R-Ky., alongside fellow committee members Reps. Gary Palmer of Alabama and Morgan Griffith of Virginia, both Republicans, said in a joint statement that their investigation into the GGRF recipients will be ‘key’ to understanding whether these funds were allocated ‘fairly and impartially to qualified applicants,’ while also helping to determine the manner in which the money has been used. 

‘The Committee has had concerns about the Greenhouse Gas Reduction Fund program since its creation—including concerns about the program’s unusual structure, a potential lack of due diligence in selecting award recipients, and the recipients’ ability to manage the large influx of federal dollars they received from the EPA,’ the lawmakers said in their statement. 

‘A recent Oversight and Investigations Subcommittee hearing that examined these concerns coupled with the speed with which money was pushed out the door by the Biden Administration’s EPA heightened the Committee’s concerns and raised additional questions about certain Greenhouse Gas Reduction Fund recipients.’

Several of the groups that were recipients of GGRF money sued the Trump administration in March over its attempts to rake back the funds. 

Subsequently, Obama-appointed Judge Tanya Chutkan issued a temporary restraining order preventing the EPA from freezing $14 billion in GGRF funds awarded to three of the climate groups.

The Associate Press contributed to this report.

This post appeared first on FOX NEWS

The Biden administration engaged in a ‘cover-up’ by failing to disclose details about the health of former president Joe Biden, according to White House press secretary Karoline Leavitt. 

‘I can tell you there was certainly a lack of transparency from the former president, from the entire former administration,’ Leavitt told reporters Friday. ‘And frankly, a lot of people in this room, when it came to the health in the competence of the former President of the United States, Joe Biden – there was one of the greatest cover-ups and, frankly, political scandals this nation has ever seen. It’s been unraveled in some recent books that are being written by journalists who engaged in that cover-up in scandal, which is quite ironic.’ 

A spokesperson for Biden did not immediately respond to a request for comment from Fox News Digital. 

New books out have detailed Biden’s mental and physical well-being during his time in the White House. 

‘Uncharted: How Trump Beat Biden, Harris, and the Odds in the Wildest Campaign in History,’ published Tuesday and authored by former producer for CBS’s 60 Minutes Chris Whipple, claims that the White House kept Biden from socializing with those who previously worked alongside him – a tactic that backfired and contributed to his declining mental agility. 

Leavitt’s remarks come as President Donald Trump is receiving an annual physical at Walter Reed National Military Medical Center on Friday. The White House says it will provide a readout of the appointment. 

‘But this president is clearly committed to transparency,’ Leavitt said. ‘You in this room see him and hear from him on a daily basis. You in this room know from covering him. It’s hard to keep up with him. He is a machine working around the clock every single day. And the physician, after today’s physical, will provide an update on the report in the effort of transparency.’

This post appeared first on FOX NEWS

Stock market analysis, technical indicators, and market trends are crucial for informed investing. StockCharts is making those things easier, and Grayson Roze is here to show you how.

In this video, Grayson provides an in-depth walk-through of the all-new Market Summary Page. This comprehensive tool offers a top-down overview of global and U.S. financial markets, featuring real-time data and professionally curated charts. Learn how to navigate the markets with ease using this centralized resource, designed to enhance your trading strategies and investment decisions. Whether you’re a seasoned trader or just starting out, understanding market dynamics is key. Grayson’s insights will help you leverage the Market Summary Page to stay ahead in the ever-evolving financial landscape.

This video originally premiered on April 11, 2024. Click on the above image to watch on our dedicated Grayson Roze page on StockCharts TV.

You can view previously recorded videos from Grayson at this link.

The current tariff environment is full of sudden moves that could have broad and long-lasting effects. The challenge is that we don’t know what those long-term impacts will be, mainly because it’s unclear how long the tariffs will last or what things will look like if they become permanent. That makes it incredibly hard to plan or make smart decisions right now.

Near-term shocks are preventing us from estimating the longer-term picture. Perhaps an effective way to counterbalance the geopolitical and market news with some objectivity, then, is to look under the stock market’s hood and take a good look at its breadth of movement—specifically, a longer-term summation of advancing vs. declining stocks. One indicator that’s designed specifically to do this, and one you might want to consider, is the McClellan Summation Index.

What Does the McClellan Summation Index Tell You?

Derived from the McClellan Oscillator, the McClellan Summation Index is a long-term market breadth indicator that shows whether more stocks are generally advancing or declining over time.

Think of it as a cumulative McClellan Oscillator of sorts. When the McClellan Oscillator is positive (above zero, meaning more advancers than decliners), the McClellan Summation Index trends upward; when the oscillator is negative (more decliners than advancers), the corresponding summation index trends downward. As you’ll see in Figure 1, uptrend and downtrend are color-coded black and red, respectively, so you distinguish the turns.

Generally, when the summation index is above zero (or +500), it signals bullish momentum (+500 signaling extremely bullish momentum); below zero (or –500), it reflects bearish (or exceedingly bearish) momentum. By smoothing out the short-term noise of the McClellan Oscillator, the summation can help you gauge the underlying strength or weakness of a market trend.

And smoothing out the noise coming out of the current trade war environment is probably something you’ll want to see.

Take a look at a three-year chart of the NYSE McClellan Summation Index paired with the S&P 500.

FIGURE 1. THREE-YEAR CHART OF THE NYSE MCCLELLAN SUMMATION INDEX WITH THE S&P 500. Notice the index turning points as they correspond to the ZigZag lines in the S&P. Chart source: StockCharts.com. For educational purposes.

The NYSE McClellan Summation Index is in negative territory below the zero line, and the S&P is undergoing a steep drop.  The Summation Index shows that declining stocks are far outnumbering advancing stocks, providing a breadth-informed perspective from which to view the broader market’s bearish decline.

While you can wait for the summation index to cross over the zero line (or even above 500), one way to interpret an early bullish signal is to apply a simple moving average (SMA), such as a 20-day SMA (see purple-dotted line).

As you can see in the chart above, there were many crossovers, indicating upturns and downturns. So, how might you avoid getting whipsawed and taking action on a false signal? You have to watch the price action, particularly the swing highs and lows (remember, an uptrend consists of HH + HL, and the reverse is true of a downtrend). This is where the ZigZag line comes in handy.

  • The chart illustrates the S&P 500 trending higher from the last quarter of 2022 to the breakdown in March 2025.
  • Note how almost all crossovers below the negative line (highlighted by the blue circles) forecasted new highs in the S&P 500.
  • The June 2023 crossover was the exception, but the pullback stayed well above the March 2023 low, sustaining its primary uptrend.
  • In October 2024, the summation index began falling as the S&P 500 continued making new highs.
  • The last SMA crossover preceded a new high, but the S&P finally broke down (see dotted line), leading to where we are now.

At the Close: What Now?

The broader market is trading on tariff-driven headlines, with policy shifts carrying enough weight to reshape the underlying fundamentals. Short-term technicals reflect this uncertainty through heightened volatility, some of which feels nearly unprecedented. In contrast, the longer-term picture—viewed through the lens of the McClellan Summation Index—appears steadier, though still susceptible to noise.

For long-term investors seeking early signs of a shift, watch the Summation Index closely. A bullish crossover above its moving average may be the first clue, but the real confirmation comes from trend behavior. Use tools like the ZigZag indicator to track swing highs and lows—what you want to see are higher highs and higher lows taking shape. Until then, most other market interpretations remain at the mercy of sudden geopolitical shifts—moves that are unpredictable in both timing and duration.


Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.

The gold price reached yet another record high on Friday (April 11), breaking US$3,200 per ounce.

The precious metal has gained significant momentum since the beginning of the year. In morning trading on Friday it surged past the US$3,200 mark, climbing as high as US$3,244.33 per ounce.

The rise comes after a week of chaos caused by US President Donald Trump’s on-again, off-again global tariff scheme.

Gold chart, April 4 to April 11, 2025.

Gold chart, April 4 to April 11, 2025.

During the week, Trump reversed course on some of the tariff measures he announced on April 2.

Those measures included a 10 percent tariff on all but a handful of countries, including Canada and Mexico, with more severe reciprocal tariffs to come into effect this week. However, on Wednesday (April 9), Trump announced he would pause the additional tariffs for 90 days, saying more than 70 countries had contacted him to make deals.

Trump may have also been feeling pressure from economic advisors as a surge in treasury yields signaled a potential economic crisis brewing in the US bond market. Normally a safe haven during market volatility, the bond market saw a significant selloff this week as US tariffs and worries about the US economy’s stability spooked traders.

Although the pause gave most countries some breathing room, tariffs against China were left on the table. After much back and forth, US tariffs levied against China have now increased to 145 percent.

The net effect of Trump’s actions has been political and financial turmoil, sparking selloffs in major stock markets and pushing prices for safe-haven assets like gold to fresh records.

Additionally, China, Japan and South Korea agreed on March 30 to seek deeper free trade ties in response to the threat of tariffs from the US government. The deal marks a significant move by the three countries following decades of US diplomacy to maintain close relationships with Japan and South Korea.

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

This post appeared first on investingnews.com

Here’s a quick recap of the crypto landscape for Friday (April 11) as of 9:00 a.m. UTC.

Bitcoin and Ethereum price update

At the time of this writing, Bitcoin (BTC) was priced at US$81,535.55 and up 3.5 percent in 24 hours. The day’s range has seen a low of US$78,669.30 and a high of U$82,999.65.

Bitcoin performance, April 11, 2025.

Bitcoin performance, April 11, 2025.

Chart via TradingView

Bitcoin found support following President Trump’s announcement of a 90-day pause on new tariffs, which has alleviated some investor concerns over a potential global recession.The pause has contributed to a broader market rebound, and improved investor sentiment.

Ethereum (ETH) is priced at US$1,548.41, an 4.0 percent increase over the past 24 hours. The cryptocurrency reached an intraday low of US$1,487.25 and a high of US$1,572.87.

Altcoin price update

  • Solana (SOL) is currently valued at US$117.24, up 8.6 percent over the past 24 hours. SOL experienced a low of US$108.85 and a high of US$120.47 on Friday.
  • XRP is trading at US$2.00, reflecting an 3.6 percent increase over the past 24 hours. The cryptocurrency recorded an intraday low of US$1.93 and a high of US$2.03.
  • Sui (SUI) is priced at US$2.18, showing an increaseof 6.2 percent over the past 24 hours. It achieved a daily low of US$2.06 and a high of US$2.21.
  • Cardano (ADA) is trading at US$0.6201, reflecting a 4.9 percent increase over the past 24 hours. Its lowest price on Friday was US$0.588, with a high of US$0.6353.

Crypto news to know

Crypto rebound likely as Trump tariffs may bring down inflation

Despite rattling financial markets and pushing Bitcoin nearly 20 percent lower since early February, President Donald Trump’s sweeping tariff policy may paradoxically signal bullish momentum for crypto in the weeks ahead.

The trade war, which began in earnest on Feb. 1 with tariffs on China, Canada, and Mexico, has escalated to include over 100 percent duties on a wide array of goods. While these moves initially stoked fears of stagflation, a toxic mix of low growth and high inflation, newer data suggests the market may have overreacted.

Inflation breakevens, the spread between traditional Treasury yields and TIPS (Treasury Inflation-Protected Securities), have steadily declined since February. The five-year breakeven rate dropped from over 2.6 percent to 2.32 percent, and the 10-year fell to 2.19 percent, signaling that long-term inflation expectations are cooling.

Observers argue that the price spikes from tariffs may be a one-off adjustment, and without corresponding wage increases, consumers could reduce spending — ultimately dragging prices lower.

Trump overturns IRS DeFi rule

In a move cheered by the crypto industry, President Trump has signed into law a bill nullifying an IRS rule that controversially expanded the definition of “broker” to include decentralized finance (DeFi) platforms.

The regulation, finalized in the waning days of the Biden administration, would have required DeFi protocols — which operate without intermediaries — to report detailed user transaction data to the IRS, something crypto developers argued was both technically unfeasible and legally dubious.

With bipartisan support, both chambers of Congress passed the reversal using the Congressional Review Act. The decision is part of Trump’s broader pledge to position the US as a global crypto leader.

In his first week back in office, he created a federal working group on cryptocurrency regulation and signed an executive order to build a national Bitcoin reserve.

Trump’s administration has also repeatedly criticized the Biden-era IRS framework as stifling innovation and creating legal liabilities for developers.

New York moves to let state agencies accept crypto payments

New York could soon become one of the first US states to formally integrate cryptocurrency into government operations.

A newly filed bill, Assembly Bill A7788, introduced by Assemblymember Clyde Vanel, proposes to allow state agencies to accept crypto — including Bitcoin, Ethereum, Litecoin, and Bitcoin Cash — for a wide range of payments such as taxes, fees, rent, and fines.

The proposed legislation would authorize agencies to enter agreements with crypto payment providers, ensuring that final settlements are made in fiat currency to shield state budgets from crypto market volatility.

More importantly, the bill stipulates that debts would not be considered legally settled until the state receives full fiat payment, preserving the integrity of public finance processes.

Agencies may also charge service fees to offset transaction costs and volatility hedging. While this is not the first time such a proposal has emerged — similar bills were introduced in previous legislative sessions but failed to advance — the current climate of growing mainstream adoption and Trump-era pro-crypto sentiment may improve its chances.

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

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

This post appeared first on investingnews.com

World Copper Ltd. (‘World Copper’ or the ‘Company’; TSXV: WCU, OTCQB: WCUFF, FSE:7LY0) is pleased to provide an update on the proposed sale of its Zonia Copper project in Arizona (‘Zonia’ or the ‘Project’) to an arms length third party (the ‘Purchaser’) for CAD $26M in cash (the ‘Purchase Price’), payable in tranches, as previously announced on February 19, 2025 (the ‘Proposed Transaction’).

The Purchaser is a metals and mining investment manager with two decades of leadership in investing in and developing mining projects. Pursuant to the terms of the binding letter agreement among the Purchaser, World Copper and World Copper’s Arizona subsidiary (‘Subco’), the Purchaser has approximately 35 days remaining in the 90-day due diligence period, and the Company continues to work diligently with the Purchaser to assist with the completion of the Purchaser’s due diligence on the Project.

The payment of the CAD $26M cash Purchase Price shall be payable as to CAD $8M to World Copper at closing of the Proposed Transaction (the ‘Closing’), an additional instalment of CAD $8M on or before the 15-month anniversary of Closing, and a final instalment of CAD $10M on or before the 30-month anniversary of Closing, subject to the Purchaser’s right to accelerate the additional instalments. Until the payment of the Purchase Price is received in full, it is proposed that the shares of Subco will be held in escrow, and the Purchaser will grant World Copper a security interest over such shares and the Project. If the Purchaser fails to make any instalment payment for the Purchase Price, the shares of Subco will be returned to World Copper and the Purchaser will retain no interest in the Subco shares or the Project.

The Company recently held highly productive discussions and meetings with key representatives including the Buyers’ senior executives. These meetings have significantly reaffirmed the transaction progress, with both parties reaffirming their commitment to complete the transaction.

‘This transaction essentially provides our shareholders with a 260% premium to our current trading price. We are encouraged by the strong alignment and momentum between both parties,’ said Gordon Neal, President & CEO.

The Company will provide further updates as milestones are achieved and material developments occur.

The Company also reports that, in accordance with the policies of the TSX Venture Exchange, Section 1.3(c) of Policy 4.2, and further to the at-the-market (‘ATM’) offering of shares made pursuant to the Prospectus Supplement dated July 17, 2024, World Copper issued 11,501,000 common shares and raised gross proceeds of $579,654 pursuant to ATM distributions during the period January 1, 2025 to March 31, 2025. Bank of Montreal (‘BMO’) received fees of $17,389 during the period. We further confirm that no new Insider or Control Person (as defined in Policy 1.1), has been or will be created in connection with the ATM offering.

ABOUT WORLD COPPER LTD.

World Copper Ltd., headquartered in Vancouver, BC, is a Canadian resource company focused on the exploration and development of its copper porphyry projects: Escalones in Chile, and Zonia in Arizona. Two of these projects have estimated resources with significant soluble copper mineralization, and each has additional copper porphyry targets with exciting potential to expand the resource base.

Detailed information is available at World Copper’s website at www.worldcopperltd.com, and for general Company updates you may follow us on our social media pages via Facebook, Twitter & LinkedIn.

On Behalf of the Board of Directors of

WORLD COPPER LTD.

‘Gordon Neal ‘

Gordon Neal

Chief Executive Officer and President

For further information, or to schedule a Zoom meeting with Management, please contact:

Gordon Neal or Michael Pound

Phone: 604-638-3287

E-mail: info@worldcopperltd.com

For all Investor Relations inquiries, please contact:

John Liviakis

Liviakis Financial Communications Inc.

Phone: 415-389-4670

For all Public Relations inquiries, please contact:

Nancy Thompson

Vorticom, Inc.

Office: 212-532-2208 | Mobile: 917-371-4053

Follow Us:

Twitter: https://twitter.com/WorldCopperLtd

Facebook: https://www.facebook.com/WorldCopperLtd

LinkedIn: https://www.linkedin.com/company/worldcopperltd

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

Cautionary Note Regarding Forward-Looking Statements

This news release contains forward-looking statements and forward-looking information (collectively, ‘forward-looking statements’) within the meaning of applicable Canadian and U.S. securities legislation, including the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included herein including, without limitation, statements with respect to the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: ‘believes’, ‘expects’, ‘anticipates’, ‘intends’, ‘estimates’, ‘plans’, ‘may’, ‘should’, ‘would’, ‘will’, ‘potential’, ‘scheduled’ or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, that market fundamentals will result in sustained copper and precious metals demand and prices, the receipt of any necessary permits, licenses and regulatory approvals in connection with the future development of the Company’s projects in a timely manner, the availability of financing on suitable terms for the development, construction and continued operation of the Company’s projects and the Company’s ability to comply with environmental, health and safety laws.

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information. Such risks and other factors include, among others, requirements for additional capital, actual results of exploration activities, including on the Escalones Project and the Cristal Project, the reasonability of the economic assumptions at the basis of the results of the PEA for the Zonia Project, the estimation or realization of mineral reserves and mineral resources, future prices of copper, changes in general economic conditions, changes in the financial markets and in the demand and market price for commodities, lack of investor interest in the Private Placement, accidents, labour disputes and other risks of the mining industry, delays in obtaining governmental approvals (including acceptance of the Private Placement by the TSXV), permits or financing or in the completion of development or construction activities, risks relating to epidemics or pandemics, including the impact of an epidemic or pandemic on the Company’s business, financial condition and results of operations, changes in laws, regulations and policies affecting mining operations, title disputes, the timing and possible outcome of any pending litigation, environmental issues and liabilities, as well as the risk factors described in the Company’s annual and quarterly management’s discussion and analysis and in other filings made by the Company with Canadian securities regulatory authorities under the Company’s profile at www.sedar.com.

Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update any of the forward-looking statements in this news release or incorporated by reference herein, except as otherwise required by law.

Source

Click here to connect with World Copper Ltd. (TSXV: WCU, OTCQB: WCUFF, FSE:7LY0) to receive an Investor Presentation

This post appeared first on investingnews.com

President Donald Trump is heading to get his annual physical on Friday after declaring earlier this week that he’s ‘never felt better.’ 

The 78-year-old announced the medical appointment on his Truth Social account, writing, ‘I am pleased to report that my long-scheduled Annual Physical Examination will be done at Walter Reed Army Medical Center on Friday of this week.’

‘I have never felt better, but nevertheless, these things must be done!’ Trump added.

The president left the White House midday Friday to head to Bethesda, Maryland, for his physical. It comes less than a year after Trump survived an assassination attempt in Pennsylvania while on the campaign trail.

At the time, Trump released a letter from his former physician Ronny Jackson, who wrote that ‘it is an absolute miracle he wasn’t killed.’ 

‘The bullet passed, coming less than a quarter of an inch from entering his head, and struck the top of his right ear,’ Jackson added. 

Months later, in November, Florida neurosurgeon Dr. Brett Osborn told Fox News Digital that Trump remained in good health. 

‘The fact that he attended 120 events in seven months, often multiple rallies in a single day in different states, is proof-positive that Trump has a tremendous amount of stamina, mentally and physically,’ Osborn noted. 

But Democrats have disputed Trump’s health in the past, and members of the medical community have demanded Trump release his medical records. In an open letter from Oct. 13, over 230 doctors, nurses and other healthcare professionals asked for a record release. 

The physical on Friday will be the first one of Trump’s second term in office. 

In 2020, during his first administration, Trump was treated for COVID-19 at the Walter Reed Army Medical Center. 

Fox News’ Andrea Margolis contributed to this report. 

This post appeared first on FOX NEWS

The Pentagon fired the commander at the U.S. Space Force base in Greenland after she distanced herself from Vice President J.D. Vance, who recently visited the headquarters. 

After the vice president’s visit, Col. Susannah Meyers emailed base personnel on March 31, writing, ‘I do not presume to understand current politics, but what I do know is the concerns of the U.S. administration discussed by Vice President Vance on Friday are not reflective of Pituffik Space Base.’

She added that she had ‘spent the weekend thinking about Friday’s visit – the actions taken, the words spoken, and how it must have affected each of you.’ The email was first reported by Military.com.

The Space Force said in a public statement Meyers had been relieved of command ‘due to loss of confidence in her ability to lead.’ 

‘Commanders are expected to adhere to the highest standards of conduct, especially as it relates to remaining nonpartisan in the performance of their duties,’ the statement read. 

Col. Shawn Lee has now assumed the command, Space Force said. 

‘Actions to undermine the chain of command or to subvert President Trump’s agenda will not be tolerated at the Department of Defense,’ Pentagon chief spokesperson Sean Parnell posted on X. 

Meyers became commander of the 821st Space Base Group in July, according to a Facebook post about the change-of-command ceremony. 

Republican Sens. Tommy Tuberville, Ala., Eric Schmitt, Mo., and Jim Banks, Ind., all praised the firing of the commander on X. 

‘Colonel Meyers tried to politicize the Space Force and was held accountable. Lloyd Austin isn’t SecDef anymore,’ Banks wrote. 

Vance, during his visit to the snow-covered island, criticized Denmark for treating Greenlanders as ‘second-class citizens.’ 

‘Our message to Denmark is very simple,’ Vance said. ‘You have not done a good job by the people of Greenland. You have underinvested in the people of Greenland, and you have underinvested in the security of this incredible, beautiful landmass.’

The vice president further accused Denmark of not keeping Greenland safe from China and Russia. 

Vance was the highest-ranking official to ever travel to the base in Pituffik, the White House said. 

The Trump administration has made acquiring Greenland a top goal. 

‘We need Greenland for national security and international security,’ Trump said on March 11. 

‘So, we’ll, I think, we’ll go as far as we have to go,’ the president continued, speaking from the Oval Office. ‘We need Greenland. And the world needs us to have Greenland, including Denmark. Denmark has to have us have Greenland. And, you know, we’ll see what happens. But if we don’t have Greenland, we can’t have great international security.’

‘I view it from a security standpoint, we have to be there,’ Trump added.

This post appeared first on FOX NEWS

Forte Minerals Corp. (‘Forte’ or the ‘Company’) ( CSE: CUAU ) ( OTCQB: FOMNF ) ( Frankfurt: 2OA ) is pleased to provide an update on its planned 1,500-metre diamond drill program at its 100%-owned Pucarini Gold Project (‘Pucarini’ or the ‘Project’) located in the Southern Peru Miocene High-Sulfidation Epithermal Gold Belt. The program is set to commence towards the end of Q2 2025 with preparations currently underway.

Figure 1 – High Sulphidation Epithermal Gold Targets from Gold Geochemistry and Surface Alteration Geology.

Figure 1 – High Sulphidation Epithermal Gold Targets from Gold Geochemistry and Surface Alteration Geology.

Figure 2 – Proposed Geological Model Along Section Line A-A

Figure 2 – Proposed Geological Model Along Section Line A-A’ in Figure 1(Looking NE) with High Sulphidation Epithermal Gold and Porphyry Copper-Molybdenum Targets.

Planned Drill Program Overview

The upcoming five-hole, 1,500-metre drill program will systematically test high-priority targets identified through geological mapping, geophysical surveys, and geochemical analysis.

  • Target Type: High-Sulfidation Epithermal Gold
  • Drill Holes: 5 diamond drill holes
  • Total Metres: 1,500 m
  • Permitting Status: DIA Environmental Drilling Permit approved (September 2023)
  • Community Support: Strong relationships established with local communities, One year Community Agreement executed March 1, 2025

Figure 3 – Proposed Drill Program – Gold Geochemistry Imposed on the 3D Inversions of IP Chargeability-Resistivity and Magnetic Susceptibility Geophys

Figure 3 – Proposed Drill Program – Gold Geochemistry Imposed on the 3D Inversions of IP Chargeability-Resistivity and Magnetic Susceptibility Geophysical Data.

The 1,000-hectare Pucarini claim hosts multiple gold-bearing advanced argillic alteration zones within a 3.6 x 1.8 km alteration footprint. Surface geochemistry has returned anomalous gold values coinciding with resistivity, chargeability, and magnetic anomalies, highlighting multiple untested targets for drilling. The main target indicated by the soil and rock gold anomaly spans 1.2 km x 700 m within this advanced argillic alteration zone. The coincidence of gold, molybdenum, and copper surface anomalies is supported by a coherent high chargeability anomaly (> 18 mV/V) from the 3D inversion of the IP geophysical survey data with dimensions of 1.5 km along strike x 600 m wide x 400 m deep; to detection limit depth of the IP geophysical survey, which remains open at depth.

The main target also coincides with a high magnetic susceptibility anomaly in the system’s center from the 3D inversion of the surface total magnetic intensity geophysical data, suggesting the roots of a deeper porphyry system. This program will mark the first-ever drill program on the property, unlocking its untapped potential.

Figure 4 - Proposed Drill Program – Molybdenum Geochemistry Imposed on the 3D Inversions of IP Chargeability-Resistivity and Magnetic Susceptibility G

Figure 4 –   Proposed Drill Program – Molybdenum Geochemistry Imposed on the 3D Inversions of IP Chargeability-Resistivity and Magnetic Susceptibility Geophysical Data.

Surface rock fragments were analysed using the ASD TerraSpec® mineral spectrometer (‘ TerraSpec ‘) which is optimally designed to identify important hydrothermal alteration minerals commonly associated with high sulphidation epithermal gold and porphyry copper systems. Figure 5 provides a compilation of the TerraSpec data where higher-temperature hydrothermal alteration minerals (diaspore, illite, paragonitic illite, muscovitic illite, paragonite, muscovite, sericite, and alunite-Na) and lower-temperature alteration minerals (alunite, alunite-K, alunite-KNa, halloysite, kaolinite, smectite, montmorillonite, and dickite) correlate with high sulphidation advanced argillic alteration and anomalous gold in rock and soil geochemistry. The higher temperature hydrothermal alteration minerals also correlate with anomalous molybdenum in rock and soil geochemistry suggesting a phyllic alteration zone associated with a telescoped porphyry system.

Figure 5 – Gold and Molybdenum Rock and Soil Geochemistry Correlated with Gridded Low and High Temperature TerraSpec Data

Figure 5 – Gold and Molybdenum Rock and Soil Geochemistry Correlated with Gridded Low and High Temperature TerraSpec Data

CEO Patrick Elliott commented: ‘We are excited about the potential at Pucarini and are finalizing preparations for our inaugural drill program. Given the strong surface geochemistry, extensive alteration, and compelling geophysical signatures, we believe this project presents a promising opportunity for discovery. While waiting for the rainy season to conclude before mobilizing, our team is actively engaged in planning and ensuring all logistics are in place for a successful program.’

Figure 6 – Gold Rock Geochemistry, Vuggy Silica, Iron Oxides and Hydrothermal Alteration.

Figure 6 – Gold Rock Geochemistry, Vuggy Silica, Iron Oxides and Hydrothermal Alteration.

Furthermore, the Company has terminated the option agreement with Alta Copper Corp. originally entered into on June 26, 2017. Pursuant to the option agreement, Forte had an option to acquire a 60% interest in the Don Gregorio Cu-Au Porphyry Project located in the Department of Cajamarca, Northern Peru by making cash payments totaling $500,000 USD ($100,000 was paid by Forte) and performing 10,000 m of drilling within 3 years of acquiring drill permits. Due to insurmountable community issues, access to the property was never granted, and the Company was not able to perform the environmental studies needed to acquire the DIA drilling permits, including community approvals for the DIA drill permits. The project was returned in good standing to Alta Copper Corp’s Peruvian subsidiary Cobriza Metals. A termination agreement was executed April 8 th , 2025.

QUALIFIED PERSON AND NI 43-101 DISCLOSURE

Richard Osmond, P.Geo., is the Company’s Qualified Person (‘ Qualified Person ‘) as defined by National Instrument 43-101 and has reviewed and approved the technical information contained in this news release.

ABOUT Forte Minerals CORP

Forte Minerals Corp. is an exploration company with a strong portfolio of high-quality copper (‘ Cu ‘) and gold (‘ Au ‘) assets in Perú. Our strategic partnership with GlobeTrotters Resources Perú S.A.C. (‘ GTR ‘) grants us access to a comprehensive project pipeline, enabling us to target the most promising opportunities. This collaboration focuses on historically discovered, drill-ready targets, driving significant value in Cu and Au resource development.

On behalf of Forte Minerals CORP.
(signed) ‘Patrick Elliott’
Chief Executive Officer

For further information, please contact:
Forte Minerals Corp.
office: 604-983-8847
info@forteminerals.com
www.forteminerals.com

Certain statements included in this press release constitute forward-looking information or statements (collectively, ‘forward-looking statements’), including those identified by the expressions ‘anticipate’, ‘believe’, ‘plan’, ‘estimate’, ‘expect’, ‘intend’, ‘may’, ‘should’ and similar expressions to the extent they relate to the Company or its management. The forward-looking statements are not historical facts but reflect current expectations regarding future results or events. This press release contains forward looking statements. These forward-looking statements are based on current expectations and various estimates, factors and assumptions and involve known and unknown risks, uncertainties and other factors.

Forward-looking statements are not a guarantee of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Factors that could cause the actual results to differ materially from those in forward-looking statements include the continued availability of capital and financing, and general economic, market or business conditions, including the effects of COVID-19. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management’s reasonable assumptions, there can be no assurance that the statements will prove to be accurate or that management’s expectations or estimates of future developments, circumstances or results will materialize. The Company assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by law. Readers should not place undue reliance on the Company’s forward-looking statements.

Neither the Canadian Securities Exchange (the ‘CSE’) nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/8aa724a4-5df5-4511-ad56-1f339d8ef6db

https://www.globenewswire.com/NewsRoom/AttachmentNg/e3138532-bcd9-496c-8fd3-f6d4f86780f5

https://www.globenewswire.com/NewsRoom/AttachmentNg/33b39d4d-7f89-439f-aff7-7aab874b5068

https://www.globenewswire.com/NewsRoom/AttachmentNg/2a5f6eed-7ca5-4122-b0a9-c7e49191c8af

https://www.globenewswire.com/NewsRoom/AttachmentNg/f43b598b-bd40-4b64-b725-4d7d1c8b249d

https://www.globenewswire.com/NewsRoom/AttachmentNg/164a5ad1-2bb8-43df-b725-cebda4303886

Primary Logo

News Provided by GlobeNewswire via QuoteMedia

This post appeared first on investingnews.com