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Obama issues rare statement on foreign policy issue

Former President Barack Obama issued a rare statement weighing in on the hunger situation in Gaza on Sunday, suggesting aid must flow to Palestinians regardless of whether Israel can secure a hostage deal for now.

Obama made the statement on social media in reference to reporting from the New York Times stating that ‘Gazans are dying of starvation.’ Israel, which blockaded aid to Gaza earlier this year, has recently begun to airdrop aid resources into the region, and its leaders argue reports of starvation are a false campaign promoted by Hamas. Reporting from Fox News’ Trey Yingst has indicated that hunger is indeed spreading across the region, however.

‘While a lasting resolution to the crisis in Gaza must involve a return of all hostages and a cessation of Israel’s military operations, these articles underscore the immediate need for action to be taken to prevent the travesty of innocent people dying of preventable starvation,’ Obama wrote on X, providing a link to the Times.

‘Aid must be permitted to reach people in Gaza. There is no justification for keeping food and water away from civilian families,’ he added.

President Donald Trump touted U.S. efforts to provide aid to Gaza when asked about the situation on Sunday. Meeting with European Commission President Ursula von der Leyen at the time, he stated that Europe has not provided aid to Gaza. He also said that Hamas is stealing much of the aid being sent to Palestinians, a claim Israel has put forward repeatedly.

‘When I see the children and when I see, especially over the last couple of weeks people are stealing the food, they’re stealing the money, they’re stealing the money for the food. They’re stealing weapons, they’re stealing everything,’ Trump told reporters.

‘It’s a mess, that whole place is a mess. The Gaza Strip, you know it was given many years ago so they could have peace. That didn’t work out too well,’ he added.

The IDF says it conducted 28 drops in a matter of hours on Sunday, in addition to transferring some 250 aid trucks over the course of the week.

‘Let me be clear: Israel supports aid for civilians, not for Hamas. The IDF will continue to support the flow of humanitarian aid to the people of Gaza,’ an IDF spokesperson said Sunday.

Israeli Prime Minister Benjamin Netanyahu has also pushed back on criticism of his regime, arguing that the United Nations has been falsely pushing claims of widespread starvation. He told the Jerusalem Post on Sunday that it has long been Israel’s policy to allow aid into Gaza so long as it did not benefit Hamas.

‘We’ve done this so far,’ Netanyahu told the paper. ‘But the U.N. is spreading lies and falsehoods about Israel. They say we don’t allow humanitarian supplies in, yet we do. There are secure corridors. They’ve always existed, but now it’s official. No more excuses.’

This post appeared first on FOX NEWS

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America must win the AI race — and prepare for the worst

Artificial intelligence is no longer a niche tool for tech labs or science-fiction thrillers. It’s now the battleground where the future of American power, prosperity, and freedom will be decided. With the release of ‘Winning the AI Race: America’s AI Action Plan,’ the Trump administration is rightfully treating this moment as the 21st-century equivalent of the space race or the nuclear age. 

This bold strategy outlines over 90 policy actions that span three key pillars: Accelerating Innovation, Building American AI Infrastructure, and Leading in International Diplomacy and Security. Each of these pillars sends a clear message to the world: America intends to lead – not follow – on artificial intelligence. 

And we must. This is a race we can’t afford to lose. 

President Donald Trump’s AI plan: strong, strategic and patriotic 

The Trump administration’s plan does what Washington too often fails to do: it combines vision with action. From fast-tracking permits for critical data centers and chip fabrication plants, to expanding the skilled trades workforce needed to maintain those facilities, the plan hits both high-tech and firsthand realities. 

Crucially, the plan calls for exporting secure, full-stack American AI packages – hardware, software, models, applications and standards – to trusted allies. That’s smart policy. In a world where China exports authoritarian surveillance technology, America must counter with liberty-based alternatives. 

And most refreshingly, the plan defends free speech. It mandates that federal procurement contracts only go to developers of large language models that are free from ideological censorship. That’s a huge win for constitutional values in a time when Big Tech algorithms increasingly silence dissent. 

But here’s the hard truth: AI could also unleash chaos 

The optimism in this action plan is well-founded – but incomplete. As foreign policy analysts Matan Chorev and Joel Predd recently warned in their Foreign Policy article, the U.S. must also assume the worst about artificial intelligence – especially artificial general intelligence (AGI). That’s the version of AI that can perform at or above human levels across a wide range of tasks.  

Unlike nuclear weapons, AGI won’t announce itself with a mushroom cloud. It may slip quietly into our systems, our economy and even our military decision-making – without a clear warning shot. The nightmare scenario? A rogue AI, either built by an enemy nation or evolving beyond human control, triggering economic collapse or catastrophic warfare.  

That’s why the U.S. must not only pursue victory in AI, but vigilance. Planning for worst-case scenarios isn’t fearmongering – it’s common sense. The COVID-19 pandemic taught us what happens when leaders fail to prepare for known risks. With AI, we may not get a second chance.  

We need break-glass plans — now 

What happens if a U.S. company suddenly claims to have developed AGI and asks for national security protections – access to classified data, regulatory exemptions and federal backing? What if China gets there first?  

The Biden-era playbook of strategic ambiguity and global appeasement won’t cut it. America needs break-glass protocols: clear, tested plans to respond to AI emergencies – whether cyberattacks, misinformation campaigns or autonomous systems going rogue. 

This requires massive coordination across the Pentagon, the Department of Homeland Security, our intelligence community and private industry. The federal government must build the analytical muscle to separate hype from real breakthroughs – and act fast when a threat emerges. 

Cyber defenses must be ‘attribution-agnostic’ 

Advanced AI attacks may not come with a digital return address. Whether an attack comes from Beijing, a terrorist network or a self-replicating algorithm, our cyber defenses must be able to detect, contain and recover without waiting for attribution. 

That means hardening critical infrastructure, isolating vulnerable data centers and ensuring military continuity of operations in a high-tech crisis. These aren’t science-fiction concerns – they’re strategic imperatives. 

The world needs American values — not just American technology 

The Trump administration’s emphasis on exporting U.S. technology to allies is critical – but we must also export American values. Freedom. Accountability. Innovation with restraint. Our allies want alternatives to China’s surveillance-driven tech regime. America can lead that coalition – but only if we speak as clearly about ethics as we do about engineering.  

David Sacks, the White House’s AI and crypto czar, put it plainly: ‘To win the AI race, the U.S. must lead in innovation, infrastructure, and global partnerships. At the same time, we must center American workers and avoid Orwellian uses of AI.’ 

He’s right. Victory in AI is not just about lines of code – it’s about preserving what it means to be human in an age of machines. 

Bold innovation, clear-eyed preparedness 

Winning the AI Race is a historic first step. It champions free markets, American jobs, national strength and liberty-based governance in the AI era. But we must not mistake ambition for immunity. 

America needs a dual-track strategy: drive innovation with urgency – and prepare for disaster with equal urgency. Our adversaries won’t wait. Neither will the technology.  

We can – and must – lead the world into the AI future. But let’s do it with eyes wide open, grounded in our values and ready for anything. 

This post appeared first on FOX NEWS

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Allied Critical Metals Launches Allied USA to Expand Tungsten Import and Distribution Operations, Lists on OTCQB, and Receives DTC Eligibility

Allied Critical Metals Inc. (CSE: ACM,OTC:ACMIF) (OTCQB: ACMIF) (FSE: 0VJ0) (‘Allied’ or the ‘Company’), which is focused on its 100% owned past producing Borralha and Vila Verde tungsten projects in northern Portugal, is pleased to announce its listing on the OTCQB and the formation of its wholly owned U.S. subsidiary, Allied Critical Metals (USA), Inc. (‘Allied USA’), headquartered in Nashville, Tennessee. This strategic expansion marks a key milestone in ACM’s North American growth strategy and underscores its commitment to securing and supplying critical minerals to key U.S. industries.

United States Subsidiary

Allied USA will focus on the importation, marketing, and distribution of premium tungsten products across a range of sectors, including defense, aerospace, electronics, energy, and advanced manufacturing. Recognized for its exceptional hardness, density, and heat resistance, tungsten is essential to the development of high-performance technologies and national security applications.

‘We are proud to establish a dedicated U.S. subsidiary as we scale operations to meet rising domestic demand for strategic materials,‘ said Roy Bonnell, CEO of Allied Critical Metals. ‘The United States is a cornerstone market for tungsten, and Allied USA will allow us to serve our customers more directly with enhanced supply chain efficiency and superior product quality.’

The launch of Allied USA comes amid increasing interest in diversifying and securing domestic sources of critical minerals. With a focus on reliability, responsiveness, and technical excellence, Allied USA is positioned to become a trusted tungsten partner for U.S. manufacturers and government contractors.

Led by a team with deep industry expertise and strong market insight, Allied USA will prioritize building lasting customer relationships and ensuring the timely delivery of high-performance tungsten products across the country.

OTCQB Listing

Allied Critical Metals’ common shares are now trading in the United States on the OTCQB under the symbol ‘ACMIF’.

Roy Bonnell, CEO & Director commented, ‘Given the urgency to secure western sources of Tungsten and other critical metals, by the United States, securing an OTCQB listing was a priority for Allied. We expect U.S. investors will be a big part of the Company’s success as we move forward.’

To qualify for the OTCQB, companies must meet high financial standards, follow best practice corporate governance, demonstrate compliance with U.S. securities laws, be current in their disclosures, and have a professional third-party sponsor introduction. OTCQB companies are distinguished by the integrity of their operations and the diligence with which they convey their qualifications.

U.S. investors can find current financial disclosures and real-time Level 2 quotes for the Company on www.otcmarkets.com/stock/ACMIF/overview.

DTC Eligibility

The Company is also pleased to announce that its common shares are now eligible for electronic clearing and settlement through The Depository Trust Company (‘DTC’) in the United States. DTC eligibility simplifies the process of trading and enhances liquidity for U.S. investors by accelerating settlement times and reducing costs associated with trading shares.

DTC is a subsidiary of the Depository Trust & Clearing Corporation (DTCC) that manages the electronic clearing and settlement of publicly traded companies. This eligibility provides a more streamlined process for investors and positions Allied to benefit from greater accessibility in the U.S. capital markets.

In addition, the Company has also entered into a financial advisory agreement dated June 20, 2025 as amended July 24, 2025 with Canaccord Genuity Corp. wherein it will provide financial advisory services in consideration for an advisory fee satisfied by the issuance of 1,200,000 common shares at a previously agreed effective price of $0.25 per share. The shares will be subject to a four month hold pursuant to the policies of the Canadian Securities Exchange and applicable securities laws.

About Allied Critical Metals Inc.

Allied Critical Metals Inc. (CSE: ACM,OTC:ACMIF) (OTCQB: ACMIF) (FSE: 0VJ0) is a Canadian-based mining company focused on the expansion and revitalization of its 100% owned past producing Borralha Tungsten Project and the Vila Verde Tungsten Project in northern Portugal. Tungsten has been designated a critical metal by the United States and other western countries, as they are aggressively seeking friendly sources of this unique metal. Currently, China, Russia and North Korea represent approximately 86% of the total global supply and reserves. The tungsten market is estimated to be valued at approximately USD $5 to $6 billion and it is used in a variety of industries such as defense, automotive, manufacturing, electronics, and energy.

Please visit our website at www.alliedcritical.com.

Also visit us at:
LinkedIn: https://www.linkedin.com/company/allied-critical-metals-inc 
X: https://x.com/@alliedcritical/
Instagram: https://www.instagram.com/alliedcriticalmetals/

ON BEHALF OF THE BOARD OF DIRECTORS

Per: ‘Roy Bonnell’

Roy Bonnell
Chief Executive Officer and Director

Contact Information

For further information or investor relations inquiries, please contact:
Dave Burwell, Vice President, Corporate Development
Tel: 403 410 7907 | Toll Free: 1-888-221-0915
Email: daveb@alliedcritical.com

The Canadian Stock Exchange does not accept responsibility for the adequacy or accuracy of this release.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities of the Company have not been, nor will they be, registered under the 1933 Act or under any U.S. state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act, as amended, and applicable state securities laws.

Cautionary Statement Regarding Forward-Looking Information

This news release contains ‘forward-looking statements’, including with respect to the use of proceeds. Wherever possible, words such as ‘may’, ‘would’, ‘could’, ‘should’, ‘will’, ‘anticipate’, ‘believe’, ‘plan’, ‘expect’, ‘intend’, ‘estimate’, ‘potential for’ and similar expressions have been used to identify these forward-looking statements. These forward-looking statements reflect the current expectations of the Company’s management for future growth, results of operations, performance and business prospects and opportunities and involve significant known and unknown risks, uncertainties and assumptions, including, without limitation, those listed in the Company’s Listing Statement and other filings made by the Company with the Canadian securities regulatory authorities (which may be viewed under the Company’s profile at www.sedarplus.ca ). Examples of forward-looking statements in this news release include, but are not limited to, statements regarding the proposed timeline and use of proceeds for exploration and development of the Company’s mineral projects as described in the Company’s Listing Statement, news releases, and corporate presentations. Should one or more of these risks or uncertainties materialize or should assumptions underlying the forward-looking statements prove incorrect, actual results, performance or achievements may vary materially from those expressed or implied by the forward-looking statements contained in this news release. These factors should be considered carefully, and prospective investors should not place undue reliance on the forward-looking statements. This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statements and reference should also be made to the Company’s Listing Statement dated April 23, 2025 and news release dated May 16, 2025, and the documents incorporated by reference therein, filed under its SEDAR+ profile at www.sedarplus.ca for a description of additional risk factors. The Company disclaims any intention or obligation to revise forward-looking statements whether as a result of new information, future developments or otherwise, except as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/260253

News Provided by Newsfile via QuoteMedia

This post appeared first on investingnews.com

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Radiopharm Theranostics Receives IND approval from US FDA to Initiate Phase I Therapeutic Clinical Study to target B7H3 with Betabart

 

  Lu177-B7H3 monoclonal antibody is first in class targeted radiopharmaceutical in development against the 4lg subtype of B7-H3  

 

  On track to initiate first-in-human study of RV-01 in solid tumors in 4Q25  

 

Radiopharm Theranostics (ASX: RAD,OTC:RDPTF, Nasdaq: RADX, ‘Radiopharm’ or the ‘Company’), a clinical-stage biopharmaceutical company focused on developing innovative oncology radiopharmaceuticals for areas of high unmet medical need, today announced that the U.S. Food and Drug Administration (FDA) has provided clearance of the Company’s Investigational New Drug (IND) application for Betabart (RV-01), its Lu177-B7H3 monoclonal antibody designed with strong affinity for the 4Ig isoform of B7H3 that is highly expressed in tumors and not in healthy tissues.

 

‘FDA clearance to initiate our first-in-human Phase 1 clinical trial of RV-01 represents a major milestone for Radiopharm Theranostics and our joint venture with MD Anderson Cancer Center,’ said Riccardo Canevari, CEO and Managing Director. ‘RV-01 is the first monoclonal antibody developed through this collaboration, and we believe it has the potential to become a highly differentiated radiopharmaceutical for patients with aggressive solid tumors. We are excited to advance this program into the clinic and anticipate dosing the first patients later this year.’

 

‘Recent reported preclinical studies demonstrated that RV-01 exhibits hepatic clearance, allowing the isotope sufficient time to effectively target tumors while potentially minimizing adverse effects such as hematological toxicities. Unlike peptides or small molecules, monoclonal antibodies are primarily cleared by the liver—an organ known for its radio-resistance. This characteristic, combined with the shortened half-life of RV-01 and the strong affinity for the target make this agent stand out and may offer a significant advantage not just over other monoclonal antibodies but also targeted radiotherapeutics with renal excretion pathway, the latter of which are often associated with higher risk of radiopharmaceutical-induced kidney toxicity,’ noted Dimitris Voliotis, M.D., Chief Medical Officer of Radiopharm Theranostics.

 

‘The high affinity and selectivity of RV-01 for the 4Ig isoform of B7H3 allows the antibody to bypass the soluble 2Ig isoform in the blood, boost binding of the radiopharmaceutical to tumor targets and avoid the formation of immune complexes in circulation,’ noted David Piwnica-Worms, M.D., Ph.D., Professor, MD Anderson Cancer Center, and scientific co-founder of Radiopharm Ventures.

 

B7-H3 is an immune checkpoint molecule that is overexpressed across several tumor types and has emerged as a compelling target for antibody-based cancer immunotherapy. Deregulated B7-H3 expression is consistently correlated with enhanced tumor aggressiveness and poor clinical outcomes. Targeting the 4 Ig isoform of B7-H3 with a selective radioligand therapy may offer a novel strategy for treating refractory or high-risk tumors.

 

  About RV-01  

 

RV-01 is the first radiopharmaceutical therapeutic agent developed by Radiopharm Ventures, the Joint Venture formed between Radiopharm Theranostics and MD Anderson Cancer Center (MDACC). RV-01 is a 177Lutetium-conjugated therapeutic that targets B7-H3, an immune checkpoint molecule that is overexpressed in several tumor types. Multiple preclinical studies with RV-01 have shown tumor shrinkage and prolonged survival in animals treated with the radiotherapeutic agent. RV-01 has received IND-clearance from the U.S. FDA and plans to initiate a first-In-human Phase 1 study in the second half of 2025.

 

  About Radiopharm Theranostics  

 

 Radiopharm Theranostics is a clinical stage radiotherapeutics company developing a world-class platform of innovative radiopharmaceutical products for diagnostic and therapeutic applications in areas of high unmet medical need. Radiopharm is listed on ASX (RAD) and on NASDAQ (RADX). The company has a pipeline of distinct and highly differentiated platform technologies spanning peptides, small molecules and monoclonal antibodies for use in cancer. The clinical program includes one Phase 2 and three Phase 1 trials in a variety of solid tumor cancers including lung, breast, and brain. Learn more at radiopharmtheranostics.com .

 

  Authorized on behalf of the Radiopharm Theranostics Board of Directors by Executive Chairman Paul Hopper.  

 

  For more information:  

 

  Investors:  
Riccardo Canevari
CEO & Managing Director
P: +1 862 309 0293
E: rc@radiopharmtheranostics.com

 

Anne Marie Fields
Precision AQ (formerly Stern IR)
E: annemarie.fields@precisionaq.com

 

  Media:  
Matt Wright
NWR Communications
P: +61 451 896 420
E: matt@nwrcommunications.com.au  

 

  Follow Radiopharm Theranostics:  
Website – https://radiopharmtheranostics.com/  
X – https://x.com/TeamRadiopharm  
LinkedIn – https://www.linkedin.com/company/radiopharm-theranostics/  
InvestorHub – https://investorhub.radiopharmtheranostics.com/  

 

   

 

 

News Provided by GlobeNewswire via QuoteMedia

This post appeared first on investingnews.com

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Crypto Market Update: Americans Still Uninterested in Crypto Despite Institutional Support

Here’s a quick recap of the crypto landscape for Wednesday (July 23) as of 9:00 p.m. UTC.

Get the latest insights on Bitcoin, Ethereum and altcoins, along with a round-up of key cryptocurrency market news.

Bitcoin and Ethereum price update

Bitcoin (BTC) was priced at US$118,148, down by 0.7 percent over the last 24 hours. Its highest valuation on Wednesday was US$118,462, while its lowest valuation was US$117,583.

Bitcoin price performance, July 23, 2025.

Chart via TradingView.

Bitcoin traded lower over the past 24 hours, hovering between $117,000 and $120,000 amid several market pressures.

A major whale moved over US$1.2 billion in dormant BTC, sparking speculation of potential selling.

After a rotation into altcoins, investors took profits following recent highs, while outflows from spot exchange-traded funds (ETFs) signaled weaker institutional demand.

Ethereum (ETH) was priced at US$3,592.65, down by 1.9 percent over the past 24 hours. Its lowest valuation as of Wednesday was US$3,568.86, and its highest was US$3,657.02.

Altcoin price update

  • Solana (SOL) was priced at US$188.86, down by 5.5 percent over 24 hours. Its lowest valuation on Wednesday was US$186.95, and its highest was US$192.58.
  • XRP was trading for US$3.25, down 8.9 percent in the past 24 hours. Its lowest valuation of the day was US$3.18, and its highest valuation was US$3.36.
  • Sui (SUI) is trading at US$3.70, down 5.5 percent over the past 24 hours. Its lowest valuation of the day was US$3.67, and its highest was US$3.84.
  • Cardano (ADA) was trading at US$0.8152, down by 6.9 percent over 24 hours. Its lowest valuation on Wednesday was US$0.8058, and its highest was US$0.8370.

Today’s crypto news to know

PNC Bank and Coinbase partner to advance digital asset solutions

PNC Bank and Coinbase Global (NASDAQ:COIN) have announced a strategic partnership to broaden access to digital asset solutions for PNC’s clients and institutional investors.

The collaboration will leverage Coinbase’s crypto-as-a-service platform, enabling PNC to offer secure and scalable cryptocurrency access. PNC clients will be able to buy, hold and sell cryptocurrencies directly through PNC’s platform.

PNC will also provide essential banking services to Coinbase, signifying a mutual commitment to strengthening the digital financial system. Both companies emphasize that this partnership will meet the increasing demand for secure and streamlined digital asset access.

Goldman Sachs and BNY to launch tokenized money market funds

Goldman Sachs (NYSE:GS) and BNY (NYSE:BK) are preparing to offer institutional investors access to tokenized money market funds, aiming to enhance capital markets with real-time settlement, 24/7 access and increased efficiencies.

BNY clients will soon be able to invest in money market funds with ownership recorded on Goldman Sachs’ private blockchain, as per a Wednesday news release.

“As the financial system transitions toward a more digital, real-time architecture, BNY is committed to enabling scalable and secure solutions that shape the future of finance,” said Laide Majiyagbe, global head of liquidity, financing and collateral at BNY, adding that mirrored tokenization of money market funds is the first step.

This initiative involves major players such as BlackRock (NYSE:BLK), Fidelity Investments, Federated Hermes and the asset management divisions of Goldman and BNY.

Tokenized money market funds offer a contrast to interest-bearing stablecoins, which are specifically prohibited under the GENIUS Act, which was signed into law last week. They provide yield, which makes them a low-volatility tool for hedge funds, pensions and corporations.

SEC halts Bitwise crypto index ETF conversion for review

On Tuesday (July 22), the US Securities and Exchange Commission’s (SEC) Division of Trading and Markets approved the Bitwise 10 Crypto Index to convert to an ETF, only to immediately pause it for review.

In a letter issued later that day, SEC Assistant Secretary Sherry Haywood said that the order will remain “stayed until the Commission orders otherwise.” Bloomberg ETF analyst Eric Balchunas has suggested that the SEC might be delaying its approval until it establishes a listing standard for crypto ETFs.

Bitwise had applied for this conversion in November for its fund, which offers exposure to a range of cryptocurrencies.

Nate Geraci, president of NovaDius Wealth Management, described the situation as “bizarre,” drawing parallels to the Grayscale Digital Large Cap ETF conversion, which experienced a similar approval and subsequent pause on July 1.

Bitcoin millionaires surge by 16,000 in 2025, according to report

Nearly 16,000 new Bitcoin wallets have crossed the million-dollar threshold since Donald Trump assumed the presidency in January 2025, according to a Finbold report. The number of Bitcoin millionaires is up from 132,842 in November 2024 to 192,205 as of July 20, marking a 45 percent increase in just eight months.

Large holders with over US$10 million in BTC also saw gains exceeding 16 percent in the same period.

The surge has been linked to renewed investor optimism following Trump’s re-election, along with clear signals of regulatory support and clarity for digital assets.

A significant boost came this week when the US House passed the Genius Act. The legislation, expected to streamline compliance for institutions, is widely seen as the most comprehensive federal crypto framework to date.

The rapidly changing policy environment has encouraged capital inflows and bolstered confidence in US-based crypto markets, with the resulting daily average tallying to 88 new Bitcoin millionaires in 2025 alone.

South Korea warns fund managers to reduce exposure to crypto stocks

South Korea’s Financial Supervisory Service (FSS) has issued informal warnings to asset managers over their exposure to crypto-related stocks and ETFs. According to the Korea Herald, firms with significant holdings in US-listed crypto companies such as Coinbase and Strategy (NASDAQ:MSTR) were reportedly told to scale back.

The directive follows the FSS’s longstanding 2017 stance prohibiting direct investment in virtual assets by financial institutions, despite recent global shifts in crypto regulation. While the agency has been reviewing possible easing of crypto rules, officials reportedly said that licensed entities must continue observing current guidelines.

The FSS has not yet issued a formal statement regarding the report.

PayPal unveils cross-border wallet platform

PayPal (NASDAQ:PYPL) has launched PayPal World, a cross-border payments network that integrates several of the world’s largest digital wallets, aiming to simplify international commerce for billions.

The platform’s initial partners include India’s UPI (via NPCI International), China’s Weixin Pay (via Tenpay Global) and PayPal’s own services including Venmo.

A memorandum of understanding has also been signed with Mercado Pago in Latin America.

According to PayPal CEO Alex Chriss, the initiative allows users to pay with their native wallets regardless of location. Chriss called it a potential “game changer” for frictionless payments in travel and e-commerce.

“The challenge of moving money across borders is incredibly complex, and yet this platform will make it so simple for nearly two billion consumers and businesses,’ Chriss said a recent press release.

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

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Homerun Resources Inc. Receives Joint Support Plan from BNDES and FINEP Indicating Financial Instruments Available to Support Homerun’s Business Plan

 

Homerun Resources Inc. (TSXV: HMR,OTC:HMRFF) (OTCQB: HMRFF) (‘Homerun’ or the ‘Company’) is honoured to announce that following the Company’s June 12th news release confirming the selection of Homerun’s business plan to proceed to the Detailed Work-Plan phase for the strategic minerals funding initiative, the Company has now received a joint support plan from the public call issued by the Brazilian National Development Bank (BNDES) and the Brazilian innovation agency (FINEP), Call No. 753.

 

The joint support plan indicates the financial instruments available to Homerun within the scope of both institutions to support Homerun’s business plan – including long-term credit lines, equity investments, non-reimbursable funds and economic subsidies designed to accelerate high-impact mineral-transformation projects from the landmark USD $815 million strategic minerals transformation initiative jointly launched by BNDES and FINEP.

Below is a list of the Products/Programs/Lines that may be utilized, provided the requirements of each instrument are duly met:

 

                         

Program/Line Financial Cost BNDES Rate Term Max. Value
Climate Fund – Green Industry 6.5% per year Starting at 1.3% per year Up to 16 years, including up to 5 years of grace period R$ 500 million per economic group every 12 months
More Innovation – Investments in R&D&I Reference Rate (TR) Starting at 2.7% per year Up to 16 years, including up to 4 years of grace period R$ 300 million per economic group per calendar year
More Innovation – Pioneeering Plants 50% of TR + 50% of Selic, TLP, or USD Starting at 2.7% per year (TR portion) + 1.1% per year (Selic, TLP, or USD portion) Up to 16 years, including up to 4 years of grace period R$600 million (including $300 million in TR) per economic group per calendar year
FINEM – Productive Capacity Selic, TLP, or USD Starting at 1.1% per year Up to 20 years, including a grace period of up to 6 months after operations begin 80% of the project value, capped at 100% of fundable items

 

 

 

In addition to the facilities mentioned above, other long-term financing options are available. Homerun will now submit the financial support requests for final analysis by BNDES and FINEP.

 

Brian Leeners, CEO of Homerun Resources, stated: ‘We are pleased to receive this joint support plan from BNDES and FINEP to advance our solar glass production and silica processing capabilities, marking the successful review of our recently submitted detailed work plan. We will now work diligently to submit our financial support requests and look forward to providing updates to our shareholders in the near future.’

 

The R$5 billion funding program is part of the New Industry Brazil initiative and is designed to support both large-scale industrial plants and pilot projects, with a focus on research, development, and innovation (R&D&I). With approximately R$8 billion reserved for investments in company equity—partly in partnership with mining leader Vale—the initiative is expected to leverage additional private investment and accelerate Brazil’s leadership in sustainable, low-carbon mineral supply chains.

 

https://agenciadenoticias.bndes.gov.br/detalhe/noticia/BNDES-e-Finep-concluem-avaliacao-de-propostas-de-chamada-publica-de-projetos-com-foco-em-minerais-estrategicos/

 

The Company will provide further updates as the initiative progresses.

 

About Homerun (www.homerunresources.com)

 

Homerun (TSXV: HMR,OTC:HMRFF) is a vertically integrated materials leader revolutionizing green energy solutions through advanced silica technologies. As an emerging force outside of China for high-purity quartz (HPQ) silica innovation, the Company controls the full industrial vertical from raw material extraction to cutting-edge solar, battery and energy storage solutions. Our dual-engine vertical integration strategy combines:

 

Homerun Advanced Materials

 

  • Utilizing Homerun’s robust supply of high purity silica sand and quartz silica materials to facilitate domestic and international sales of processed silica through the development of a 120,000 tpy processing plant.

    •  

  • Pioneering zero-waste thermoelectric purification and advanced materials processing technologies with University of California – Davis.

    •  

Homerun Energy Solutions

 

  • Building Latin America’s first dedicated high-efficiency, 365,000 tpy solar glass manufacturing facility and pioneering new solar technologies based on years of experience as an industry leader in developing photovoltaic technologies with a specialization in perovskite photovoltaics.

    •  

  • European leader in the marketing, distribution and sales of alternative energy solutions into the commercial and industrial segments (B2B).

    •  

  • Commercializing Artificial Intelligence (AI) Energy Management and Control System Solutions (hardware and software) for energy capture, energy storage and efficient energy use.

    •  

  • Partnering with U.S. Dept. of Energy/NREL on the development of the Enduring long-duration energy storage system utilizing the Company’s high-purity silica sand for industrial heat and electricity arbitrage and complementary silica purification.

    •  

With six profit centers built within the vertical strategy and all gaining economic advantage utilizing the Company’s HPQ silica, across, solar, battery and energy storage solutions, Homerun is positioned to capitalize on high-growth global energy transition markets. The 3-phase development plan has achieved all key milestones in a timely manner, including government partnerships, scalable logistical market access, and breakthrough IP in advanced materials processing and energy solutions.

 

Homerun maintains an uncompromising commitment to ESG principles, deploying the cleanest and most sustainable production technologies across all operations while benefiting the people in the communities where the Company operates. As we advance revenue generation and vertical integration in 2025, the Company continues to deliver shareholder value through strategic execution within the unstoppable global energy transition.

 

 

On behalf of the Board of Directors of
Homerun Resources Inc.

 

‘Brian Leeners’

 

Brian Leeners, CEO & Director
brianleeners@gmail.com / +1 604-862-4184 (WhatsApp)

 

Tyler Muir, Investor Relations
info@homerunresources.com / +1 306-690-8886 (WhatsApp)

 

 

FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

 

The information contained herein contains ‘forward-looking statements’ within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be ‘forward-looking statements’.

 

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

 

 

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/260290

 

 

 

News Provided by Newsfile via QuoteMedia

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Investing

Galan Lithium Limited: Incentive Regime for HMW Project in Argentina

 

 

Galan Lithium Limited (ASX: GLN,OTC:GLNLF) (‘ Galan ‘ or ‘ the Company ‘) is pleased to advise that the Comite Evaluador de Proyectos RIGI, responsible for awarding the Argentine Government’s Régimen de Incentivo para Grandes Inversiones (the incentive regime for large-scale investments referred to as the ‘ RIGI ‘), has approved the RIGI for Galan’s flagship Hombre Muerto West (‘ HMW’ ) Project in Catamarca Province, Argentina . Galan now expects to receive official approvals relating to the RIGI in due course.

 

The RIGI is a landmark investment framework introduced as part of the Government of Argentina’s new economic reform agenda, aimed at encouraging large-scale investment in key sectors, including mining. The RIGI provides long-term certainty on tax and foreign exchange regulations, as well as streamlined permitting, both critical enablers for project financing, efficient construction and operation of the HMW Project over its multi-decade life.

 

HMW will be only the sixth project to receive the RIGI approval in Argentina and the second in the mining sector, following the recent award to Rio Tinto’s Rincon project.

 

  Managing Director, Juan Pablo (‘JP’) Vargas de la Vega, commented:  

 

‘ This is a major milestone for Galan that will further strengthen HMW’s global competitive position as a future low-cost producer. The RIGI will provide a strategic advantage to Galan and will unlock meaningful long-term value for the people of Catamarca and our shareholders.  

 

  The RIGI delivers fiscal stability and operational certainty over the long-term, key requirements for major project financing and execution. It also signals strong alignment between Galan and the Argentine government’s broader vision of accelerating lithium production and economic development.  

 

  Galan sincerely thanks the Government of Argentina and the Province of Catamarca for endorsing HMW for official approvals under the RIGI which further substantiates HMW as a significant project in Argentina and globally.’  

 

  Key Benefits of the RIGI for the HMW project:  

 

  •   Reduced Corporate Income Tax: a significant 10% reduction in corporate income tax rate to 25%.

    •  

  •   Fiscal Stability : Certainty around income tax, royalties, and export duties for 30 years.

    •  

  •   Foreign Exchange : Preferential access to currency markets for imports and dividend repatriation.

    •  

  •   Customs & Tariff Exemptions : Reduced barriers for importing critical equipment and materials.

    •  

  •   Accelerated Depreciation : Improved cash flow through tax-effective project development.

    •  

  About Hombre Muerto West  

 

HMW is a multi-decade, lithium brine project in Argentina with compelling economics. Phase 1 provides for a 4ktpa LCE operation, producing a 6% LiCl concentrate product over a projected 40-year life ( 1 ). Galan expects first Phase 1 production in H1 2026 and has secured an offtake agreement for 45,000 t LCE of production.  Beyond Phase 1, the Company will undertake a phased scaling approach, eventually ramping up to 60ktpa at the conclusion of Phase 4. This approach mitigates funding and execution risk and will allow for continuous process improvement.

 

With a world class resource and a cost profile within the first quartile globally, HMW is a clear demonstration of the benefits of a high-quality lithium brine asset. These benefits are allowing Galan to progress through development and into production with a lower capital intensity and lower risk profile when compared to hard rock lithium (spodumene) projects.

 

As importantly, lithium chloride is a key component for lithium iron phosphate (LFP) batteries, which have become the dominant battery product globally.  With the ability to be cost effectively converted into a lithium dihydrogen phosphate or lithium carbonate, lithium chloride, as will be produced at HMW, is an ideal source for LFP batteries.

 

  The Galan Board has authorised this release.  

 

  Please refer to the Mineral Resource Statement for Galan’s Total Resources of 9.5Mt LCE.  

 

  ( 1 ) Please refer to the announcement dated 3 July 2023 (ASX: Phase 1 of Hombre Muerto West (DFS Delivers Compelling Economic Results for Accelerated Production)). The Company confirms that all material assumptions underpinning the production target continue to apply and have not materially changed.  

 

 

          

 

   For further information contact:   

 

   COMPANY   

 

  

   MEDIA   

 
 

   Juan Pablo (‘JP’) Vargas de la Vega   

 

  

   Matt Worner   

 
 

   Managing Director   

 

  

   VECTOR Advisors   

 
 

   jp@galanlithium.com.au   

 

  

   mworner@vectoradvisors.au   

 
 

  + 61 8 9214 2150  

 

  

  +61 429 522 924  

 

 

 

  About Galan  

 

 Galan Lithium Limited (ASX: GLN,OTC:GLNLF) is an ASX-listed lithium exploration and development business. Galan’s flagship assets comprise two world-class lithium brine projects, HMW and Candelas, located on the Hombre Muerto Salar in Argentina , within South America’s ‘lithium triangle’. Hombre Muerto is proven to host lithium brine deposition of the highest grade and lowest impurity levels within Argentina . It is home to the established El Fenix lithium operation, Sal de Vida (both projects are owned by Rio Tinto following its successful acquisition of Arcadium Lithium). Galan also has exploration licences at Greenbushes South in Western Australia , just south of the Tier 1 Greenbushes Lithium Mine.

 

  View original content: https://www.prnewswire.com/news-releases/galan-lithium-limited-incentive-regime-for-hmw-project-in-argentina-302514518.html  

 

SOURCE Galan Lithium Limited

 

 

 

News Provided by PR Newswire via QuoteMedia

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Stocks

S&P 500 Breaking Out Again: What This Means for Your Portfolio

The S&P 500 ($SPX) just logged its fifth straight trading box breakout, which means that, of the five trading ranges the index has experienced since the April lows, all have been resolved to the upside.

How much longer can this last? That’s been the biggest question since the massive April 9 rally. Instead of assuming the market is due to roll over, it’s been more productive to track price action and watch for potential changes along the way. So far, drawdowns have been minimal, and breakouts keep occurring. Nothing in the price action hints at a lasting change — yet.

While some are calling this rally “historic,” we have a recent precedent. Recall that from late 2023 through early 2024, the index had a strong start and gave way to a consistent, steady trend.

From late October 2023 through March 2024, the S&P 500 logged seven consecutive trading box breakouts. That streak finally paused with a pullback from late March to early April, which, as we now know, was only a temporary hiccup. Once the bid returned, the S&P 500 went right back to carving new boxes and climbing higher.

New 52-Week Highs Finally Picking Up

If there’s been one gripe about this rally, it’s that the number of new highs within the index has lagged. As we’ve discussed before, among all the internal breadth indicators available, new highs almost always lag — that’s normal. What we really want to see is whether the number of new highs begins to exceed prior peaks as the market continues to rise, which it has, as shown by the blue line in the chart below.

As of Wednesday’s close, 100 S&P 500 stocks were either at new 52-week highs or within 3% of them. That’s a strong base. We expect this number to continue rising as the market climbs, especially if positive earnings reactions persist across sectors.

Even when we get that first day with 100+ S&P 500 stocks making new 52-week highs, though, it might not be the best time to initiate new longs.

The above chart shows that much needs to align for that many stocks to peak in unison, which has historically led to at least a short-term consolidation, if not deeper pullbacks — as highlighted in yellow. Every time is different, of course, but this is something to keep an eye on in the coming weeks.

Trend Check: GoNoGo Still “Go”

The GoNoGo Trend remains in bullish mode, with the recent countertrend signals having yet to trigger a greater pullback.

Active Bullish Patterns

We still have two live bullish upside targets of 6,555 and 6,745, which could be with us for a while going forward. For the S&P 500 to get there, it will need to form new, smaller versions of the trading boxes.

Failed Bearish Patterns

In the chart below, you can view a rising wedge pattern on the recent price action, the third since April. The prior two wedges broke down briefly and did not lead to a major downturn. The largest pullbacks in each case occurred after the S&P 500 dipped below the lower trendline of the pattern.

The deepest drawdown so far is 3.5%, which is not exactly a game-changer. Without downside follow-through, a classic bearish pattern simply can’t be formed, let alone be broken down from.

We’ll continue to monitor these formations as they develop because, at some point, that will change.

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Politics

From talk to tactics: Trump pivots on Russia strategy to end war

President Donald Trump’s approach with Russian President Vladimir Putin pivoted drastically this month when, for the first time since returning to the White House, he not only confirmed his support for Ukraine in a NATO arms agreement but issued an ultimatum to the Kremlin chief.

The warning came in a clear message: Enter into a peace deal with Ukraine or face stiff international sanctions on its top commodity, oil sales.

While the move has been championed by some, it has been questioned by others who debate whether it will be enough to deter Putin’s war ambitions in Ukraine. One security expert is arguing the plan will work, but it might take years to be effective.

‘I think it will be effective, and he’s going to stick to that strategy. He’s going to continue to push Putin to return to the bargaining table and negotiate in good faith, not come to the bargaining table, make promises that the Russians don’t plan on keeping,’ Fred Fleitz, who served as a deputy assistant to Trump and chief of staff of the National Security Council during the president’s first term, told Fox News Digital.

‘That’s something Trump’s not going to tolerate,’ Fleitz added. ‘We will see this is just the first six months of the Trump presidency. This may take a couple of years to solve.’

But Trump campaigned on ending the wars in Ukraine and Gaza, which has proven to be more complicated than he suggested from the campaign trail. And not everyone in the Republican Party has backed his approach when it comes to Europe, including a staunch Trump supporter, Rep. Marjorie Taylor Greene.

‘We do not want to give or sell weapons to Ukraine or be involved in any foreign wars or continue the never-ending flow of foreign aid,’ Greene said on X. ‘We want to solve our own problems plaguing our own people.’ 

Fleitz pointed to Trump’s decision to directly strike Iran and argued it reflected Trump’s ability to be nimble as a leader. 

‘He looked at the intelligence and realized it was getting too close, and he decided to adjust his policy, which was first diplomacy,’ Fleitz said.

‘But Trump also specified something very important. He said to his supporters, ‘I came up with a concept of the America-first approach to U.S. national security, and I decide what’s in it,’ Fleitz added. ‘He has ownership of this approach, and he will adjust if necessary.’

Though Trump had made clear from the campaign trail that he wanted to see Europe take a leading role in the war in Ukraine, last week he countered a major talking point from some within his party, including Vice President JD Vance.

Vance has argued against arming Ukraine and said in an op-ed last year, ‘[It] is not just a matter of dollars. Fundamentally, we lack the capacity to manufacture the amount of weapons Ukraine needs us to supply to win the war.’

Trump agreed to sell NATO nations top U.S. arms that will then be supplied to Ukraine.

‘We want to defend our country. But, ultimately, having a strong Europe is a very good thing,’ Trump said, sitting alongside NATO Secretary General Mark Rutte.

Security experts have largely argued that the future of Ukraine’s negotiating ability and, ultimately, the end of the war, will play out on the battlefield. 

On Thursday, John Hardie, deputy director of FDD’s Russia Program, told U.S. lawmakers on the Helsinki Commission, also known as the Commission on Security and Cooperation in Europe, in a defense briefing that Ukraine needs to be supplied with long-range strike capabilities that can hit key Russian missile and drone plants.

‘Ukraine shouldn’t be restricted merely to shooting down ‘arrows’,’ Hardie said. ‘An optimal approach will combine both offense and defense. Ukraine needs to be able to hit the ‘archer’ and the factories that make the ‘arrows.’

‘Putin will continue his unprovoked war so long as he believes it’s sustainable and offers a pathway to achieving his goals,’ Hardie argued. ‘By shoring up Ukraine’s defense of its skies and enabling Ukraine to inflict growing costs on Russia’s war machine, as well as pressuring the Russian economy and exhausting Russia’s offensive potential on the ground, we may be able to change that calculus.’

But Fleitz, who serves as vice chair of the America First Policy Institute’s Center for American Security, said he believes this war will only be brought to an end when an armistice agreement is secured. 

‘I think there’s probably going to be an armistice where both sides will agree to suspend the fighting,’ Fleitz said. ‘Someday, we will find a line where both nations will agree to stop fighting.’

Ultimately, he believes this will happen by Ukraine agreeing not to join NATO for a certain period of time, though with Moscow’s understanding that Kyiv will be heavily armed by Western allies. 

‘I think there’s a way to do this where Russia wouldn’t be concerned about growing Western European influence in Ukraine, and Ukraine would not be worried that Russia will invade once a ceasefire or armistice is declared,’ he added. ‘Maybe this is a pipe dream, but I think that’s the most realistic way to stop the fighting.

‘We know from history conflicts like this take time; peacemaking takes time,’ Fleitz said. ‘I think that over time, Trump is going to have an effect on Putin.’

This post appeared first on FOX NEWS

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Politics

Rubio rips Venezuela’s Maduro as ‘narco-terrorist’ leader threatening US one year after disputed election

Secretary of State Marco Rubio is hammering Venezuelan dictator Nicolás Maduro on Sunday as the South American country holds municipal elections to fill hundreds of mayoral positions and thousands of council seats.

The municipal contests are happening one day before the one-year anniversary of Venezuela’s presidential election, which was widely condemned by the United States and other international observers as illegitimate. The Trump administration, meanwhile, has been escalating pressure against Maduro in recent days, as Treasury Secretary Scott Bessent on Friday accused the foreign head of state of being the leader of an entity aiding terrorism against the U.S. 

‘One year since dictator Nicolás Maduro defied the will of the Venezuelan people by baselessly declaring himself the winner, the United States remains firm in its unwavering support to Venezuela’s restoration of democratic order and justice,’ Rubio said in a statement on Sunday. ‘Maduro is not the President of Venezuela and his regime is not the legitimate government.’

‘Maduro is the leader of the designated narco-terrorist organization Cartel de Los Soles, and he is responsible for trafficking drugs into the United States and Europe,’ Rubio continued. ‘Maduro, currently indicted by our nation, has corrupted Venezuela’s institutions to assist the cartel’s criminal narco-trafficking scheme into the United States.’

The Justice Department charged Maduro and 14 other former and current Venezuelan officials with narco-terrorism, corruption, drug trafficking and other criminal charges in March 2020. At the start of this year, 10 days before President Donald Trump returned to office, the State Department increased its reward for information leading to Maduro’s capture from $15 million to up to $25 million. 

‘For years, Maduro and his cronies have manipulated Venezuela’s electoral system to maintain their illegitimate grip on power,’ Rubio added on Sunday. ‘By scheduling the municipal elections on the eve of the anniversary of the stolen July 28 presidential election, the regime once again aims to deploy the military and police to suppress the will of the Venezuelan people.’

‘The United States will continue working with our partners to hold accountable the corrupt, criminal and illegitimate Maduro regime. Those who steal elections and use force to grasp power undermine America’s national security interests,’ Rubio said. 

Maduro became the Venezuelan president in 2013, but the U.S. has not recognized his presidency since 2019. The U.S. and other countries have refused to recognize Maduro as the winner of the July 2024 Venezuelan election, citing widespread fraud. 

The Treasury Department on Friday sanctioned the Cartel de los Soles, also known as Cartel of the Suns, as a ‘Specially Designated Global Terrorist.’ The U.S. alleges that Cartel de los Soles is headed by Maduro and other Venezuelan high-ranking individuals in his regime ‘who corrupted the institutions of government in Venezuela, including parts of the military, intelligence apparatus, legislature, and the judiciary, to assist the cartel’s endeavors of trafficking narcotics into the United States.’ 

The U.S. claims the Venezuela-based group provides material support to Tren de Aragua and the Sinaloa Cartel. The Trump administration classified Tren de Aragua and the Sinaloa Cartel as foreign terrorist organizations in February. 

According to the Treasury Department, the name Cartel de los Soles is derived from the sun insignias often portrayed on the uniforms of Venezuelan military officials. 

The cartel ‘supports Tren de Aragua in carrying out its objective of using the flood of illegal narcotics as a weapon against the United States,’ according to the Treasury Department. 

Bessent said on Friday that the new action ‘exposes the illegitimate Maduro regime’s facilitation of narco-terrorism through terrorist groups like Cartel de los Soles.’

‘The Treasury Department will continue to execute on President Trump’s pledge to put America First by cracking down on violent organizations including Tren de Aragua, the Sinaloa Cartel, and their facilitators, like Cartel de los Soles,’ he added. 

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