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Lode Gold Resources Inc. (TSXV: LOD,OTC:LODFF) (OTCQB: LODFF) (‘Lode Gold’ or the ‘Company’) is pleased to announce that it has now closed its previously announced non-brokered private placement offering for $1.0 million (the ‘Offering’). In three tranches, the Company raised total gross proceeds of $1,513,768 through the issuance of 8,409,825 units of the Company (‘Unit’) at a price of $0.18 per Unit, (see related Company news first tranche, second tranche, and final tranche).

Each Unit consists of one common share of the Company (‘Common Share’) and one common share purchase warrant (‘Warrant’). Each Warrant shall entitle the holder to purchase one Common Share at an exercise price of $0.35 per share for a period of 36 months following the date of closing. The Company may accelerate the Warrant expiry date if the Company’s shares trade at $0.65 or more for a period of 10 days, including days where no trading occurs.

In conjunction with the private placement finder’s fees of $16,039 will be paid in cash and 89,100 Finders’ Warrants will be issued. Each Finders’ Warrant shall entitle the holder to purchase one Common Share of the Company at an exercise price of $0.35 per share for a period of 36 months following the date of closing.

Insiders of the Company subscribed to 1,022,111 Units of the private placement.

All securities issued pursuant to this private placement, including common shares underlying the Warrants, are subject to a statutory hold period which expires 4 months from the date of closing.

The completion of the private placement remains subject to the final acceptance of the TSX Venture Exchange.

The proceeds raised from the Offering will go toward execution of the business plans for Lode Gold and its subsidiary, Gold Orogen (1475039 B.C. Ltd.).

Management Changes
Winfield Ding has resigned as the CFO with immediate effect. The Company has initiated a search for a new CFO and has identified several potential candidates for the position. Wayne Moorhouse has agreed to act as the Company’s Acting CFO. Wayne has a wealth of senior company management experience including holding the position of CFO for Roxgold Inc. (TSXV), Midnight Sun Mining Corp. (TSXV), Genco Resources Inc. (TMX), Bluestar Gold (TSXV), and other private and public companies.

Construction Loan Extension
The Company has entered into an amending agreement with Romspen Investment Corporation (the ‘Lender’) to extend the maturity date of a construction loan agreement. The new maturity date of the loan is October 31, 2025. In consideration for extending the maturity date of the loan, the Company will pay the Lender $200,000 of interest owing consisting of $100,000 to be paid in cash and $100,000 to be paid in shares subject to final approval of the TSX Venture Exchange.

Legal Update
As part of the 2024 Restructuring and Growth Plans, a senior secured debt holder, aligned with the Company’s new strategic direction, converted to become one of the largest shareholders, exceeding 19.9%. The former CEO resigned, citing change of control as the reason and proceeded to make a severance compensation claim. The Company disagreed that compensation is due as this debt holder is an existing key shareholder and a Director of the Board. A claim was filed and the court ruled in favor of the claimant for a payment of $222,469. The outcome will have no material impact on the Company’s 2025 financial results as this amount had been accrued in the Company’s accounting records in a prior period.

About Lode Gold

Lode Gold (TSXV: LOD,OTC:LODFF) is an exploration and development company with projects in highly prospective and safe mining jurisdictions in Canada and the United States.

In Canada Lode Gold holds assets in the Yukon and New Brunswick. Lode Gold’s Yukon assets are located on the southern portion of the prolific Tombstone Belt and cover approximately 99.5 km2 across a 27 km strike. Over 4,500 m have been drilled on the Yukon assets with confirmed gold endowment and economic drill intercepts over 50 m. There are four reduced-intrusive targets (RIRGS), in addition to sedimentary-hosted orogenic exploration gold.

In New Brunswick, Lode Gold, through its subsidiary 1475039 B.C. Ltd., has created one of the largest land packages in the province with its Acadian Gold Joint Venture, consisting of an area that spans 445 km2 with a 44 km strike. It has confirmed gold endowment with mineralized rhyolites.

In the United States, the Company is focused on its advanced exploration and development asset, the Fremont Mine in Mariposa, California. It has a recent 2025 NI 43-101 report and compliant MRE that can be accessed here https://lode-gold.com/project/freemont-gold-usa/

Fremont was previously mined until gold mining prohibition in WWII, when its mining license was suspended. Only 8% of the resource identified in the 2025 MRE has been extracted. This asset has exploration upside and is open at depth (three step-out holes at 1,300 m hit structure and were mineralized) and on strike. This is a brownfield project with over 43,000 m drilled, 23 km of underground workings and 14 adits. The project has excellent infrastructure with close access to electricity, water, state highways, railhead and port.

The Company recently completed an internal scoping study evaluating the potential to resume operations at Fremont based on 100% underground mining. Previously, in March 2023, the Company completed a Preliminary Economic Assessment (‘PEA’) in accordance with NI 43-101 which evaluated a mix of open pit and underground mining. The PEA and other technical reports prepared on the Company’s properties are available on the Company’s profile on SEDAR+ (www.sedarplus.ca) and the Company’s website (www.lode-gold.com)

ON BEHALF OF THE COMPANY
Wendy T. Chan
CEO & Director

Information Contact:

Wendy T. Chan
CEO
info@lode-gold.com
+1-(604)-977-GOLD (4653)

Kevin Shum
Investor Relations
kevin@lode-gold.com
+1 (604) -977-GOLD (4653)

Cautionary Statement Regarding Forward-Looking Information

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

This news release includes ‘forward-looking statements’ and ‘forward-looking information’ within the meaning of Canadian securities legislation. All statements included in this news release, other than statements of historical fact, are forward-looking statements including, without limitation, statements with respect to the use of proceeds, advancement and completion of resource calculation, feasibility studies, and exploration plans and targets. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as ‘anticipate’, ‘believe’, ‘plan’, ‘estimate’, ‘expect’, ‘potential’, ‘target’, ‘budget’ and ‘intend’ and statements that an event or result ‘may’, ‘will’, ‘should’, ‘could’ or ‘might’ occur or be achieved and other similar expressions and includes the negatives thereof.

Forward-looking statements are based on a number of assumptions and estimates that, while considered reasonable by management based on the business and markets in which the Company operates, are inherently subject to significant operational, economic, and competitive uncertainties, risks and contingencies. These include assumptions regarding, among other things: the status of community relations and the security situation on site; general business and economic conditions; the availability of additional exploration and mineral project financing; the supply and demand for, inventories of, and the level and volatility of the prices of metals; relationships with strategic partners; the timing and receipt of governmental permits and approvals; the timing and receipt of community and landowner approvals; changes in regulations; political factors; the accuracy of the Company’s interpretation of drill results; the geology, grade and continuity of the Company’s mineral deposits; the availability of equipment, skilled labour and services needed for the exploration and development of mineral properties; currency fluctuations; and impact of the COVID-19 pandemic.

There can be no assurance that forward-looking statements will prove to be accurate and actual results, and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include a deterioration of security on site or actions by the local community that inhibits access and/or the ability to productively work on site, actual exploration results, interpretation of metallurgical characteristics of the mineralization, changes in project parameters as plans continue to be refined, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, delays or inability to receive required approvals, unknown impact related to potential business disruptions stemming from the COVID-19 outbreak, or another infectious illness, and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities regulators, including those described under the heading ‘Risks and Uncertainties’ in the Company’s most recently filed MD&A. The Company does not undertake to update or revise any forward-looking statements, except in accordance with applicable law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/265413

News Provided by Newsfile via QuoteMedia

This post appeared first on investingnews.com

It’s been a historic week for precious metals, with gold nearly hitting the US$3,600 per ounce mark, and silver passing US$41 per ounce for the first time since 2011.

The gold price spent the summer in a consolidation phase, and part of what’s spurring its latest move is expectations that the US Federal Reserve will lower interest rates at its next meeting.

The central bank has held rates steady since December 2024, even as President Donald Trump places increasing pressure on Fed Chair Jerome Powell to cut.

Powell’s August 22 speech in Jackson Hole, Wyoming, began stoking anticipation of a cut, and August US jobs data, released on Friday (September 5), has all but guaranteed it will happen.

Non-farm payrolls were up by 22,000, significantly lower than the 75,000 expected by economists. Meanwhile, the country’s unemployment rate came in at 4.3 percent.

CME Group’s (NASDAQ:CME) FedWatch tool now shows a 90.2 percent probability of a 25 basis point rate cut in September, with a 9.8 percent probability of a 50 basis point reduction.

Bond market turmoil also helped move the gold price this week.

Yields for 30 year US bonds rose to nearly 5 percent midway through the period, their highest level since mid-July, on the back of a variety of concerns, including tariffs, inflation and Fed independence.

Globally the situation was even more tumultuous, with 30 year UK bond yields reaching their highest point since 1998; meanwhile, 30 year bond yields for German, French and Dutch bonds rose to levels not seen since 2011. In Japan, 30 year bond yields hit a record high.

Tariff developments have also created uncertainty this past week.

After an appeals court upheld a ruling that many of Trump’s tariffs are illegal, the president’s administration asked the Supreme Court to fast track its review of the decision.

Going back to gold and silver, their recent price activity is certainly raising questions about what’s next. The broad consensus among the experts focused on the sector is positive, but the metals are beginning to get more mainstream attention too.

Notably, investment bank Goldman Sachs (NYSE:GS) now has a gold price prediction of US$4,000 by mid-2026, although the firm notes that the yellow metal could rise to nearly US$5,000 if just 1 percent of private investors shift from treasuries to gold.

‘If 1 per cent of the privately owned US Treasury market were to flow to gold, the gold price would rise to nearly $5,000 per troy ounce’ — Daan Struyven, Goldman Sachs

Bullet briefing — Hoffman on gold, Hathaway on silver

It’s been a short week, at least in North America, so instead of the usual news stories this bullet briefing will highlight a couple of my favorite recent interviews.

Nothing in gold’s path

First is Ken Hoffman of Red Cloud Securities. It was my first time speaking with Hoffman, and he made a compelling case for how gold could get to US$10,000.

Watch the full interview with Hoffman above.

Silver a ‘smouldering volcano’

Next is John Hathaway of Sprott. He shared what he thinks will be the trigger for gold’s next move higher — a major decline in equities — but he also discussed his bullish outlook on silver, which moved past US$40 not long after our interview.

Watch the full interview with Hathaway above.

We’re definitely entering uncharted territory right now, and I want to make sure I bring you commentary from the experts you want to hear from — drop a comment below to let me know who you’d like me to talk to, and also what questions you have.

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

This post appeared first on investingnews.com

The average rate on the 30-year fixed mortgage dropped 16 basis points to 6.29% Friday, according to Mortgage News Daily, following the release of a weaker-than-expected August employment report.

It’s the lowest rate since Oct. 3 and the biggest one-day drop since August 2024. Rates are finally breaking out of the high 6% range, where they’ve been stuck for months.

“This was a pretty straightforward reaction to a hotly anticipated jobs report,” said Mortgage News Daily Chief Operating Officer Matt Graham. “It’s a good reminder that the market gets to decide what matters in terms of economic data, and the bond market has a clear voting record that suggests the jobs report is always the biggest potential source of volatility for rates.”

Graham said in a post on X that many lenders are “priced better” than Oct. 3 and would be quoting in the high 5% range.

The drop is a major change from May, when the rate on the 30-year fixed peaked at 7.08%. It’s big for buyers out shopping for a home today, especially given high home prices.

Take, for example, someone purchasing a $450,000 home, which is just above August’s national median price, using a 30-year fixed mortgage with a 20% down payment. Not including taxes or insurance, the monthly payment at 7% would be $2,395. At 6.29%, that payment would be $2,226, a difference of $169 per month.

That might not sound like a lot to some, but it can mean the difference in not just affording a home, but qualifying for a mortgage.

Homebuilder stocks reacted favorably Friday, with names like Lennar, DR Horton and Pulte all up roughly 3% midday. Homebuilding ETF ITB has been running hot for the last month as rates slowly moved lower. It’s up close to 13% in the past month.

The big question is whether the drop in rates will be enough to get homebuyers back in the market.

Mortgage demand from homebuyers, an early indicator, have yet to respond to gradually improving rates. Applications for a mortgage to purchase a home last week were 6.6% lower from four weeks before, according to the Mortgage Bankers Association.

“Homebuyers grapple with a lack of affordability, sellers contend with more competition, and builders deal with lower buyer demand,” Danielle Hale, chief economist at Realtor.com, said Friday in a statement after the release of the August employment report. “These conditions haven’t spelled catastrophe, but have created a cruel summer for the housing market.”

Some analysts have argued that buyers need to see mortgage rates in the 5% range before it really makes a difference. Home prices remain stubbornly high, and while the gains have definitely cooled, they are not yet coming down on a national level. In addition, uncertainty about the state of the economy and the job market has left many would-be buyers on the sidelines.

This post appeared first on NBC NEWS

China’s Xi Jinping likes getting the world stirred up with military confrontation. Perhaps that’s why he wore his Mao Zedong high-collar suit, channeling the aura of the 1949 revolution, to the first major military parade in China since 2019. 

With him stood Russia’s Vladimir Putin and North Korea’s Kim Jong Un, marking the first time in 66 years that this terrible trio of leaders of China, North Korea and Russia have gotten together. 

And did you catch the hot mic moment with Xi and Putin, both 72, groaning like the ‘Grumpy Old Men’ they are about how ’70 is just a child’ and wondering if organ transplants can enable immortality? Kim, just 41, stifled a grin. Who knows who will have the last laugh in that trio. They are not my picks for immortality. 

Xi, Putin and Kim had their serious dictator faces back on as they watched as China’s People’s Liberation Army Rocket Force – teacher’s pet to Xi – roll their DF-5C intercontinental nuclear missiles down the streets of Beijing. They also showed off a new variant of their DF-26D medium-range missile. They claim it can hit U.S. ships and aircraft carriers or the island of Guam. 

Dealing with this trio is a challenge like no other. And it’s all in a day’s work for President Donald Trump. Trump said he’s not concerned and called them out with some choice trash-talk, posting on Truth Social about their rather obvious efforts to ‘conspire’ against the U.S.

The China-Russia military alliance is the single biggest danger the U.S. military has ever faced. 

However, Xi’s plan for world domination is showing some fault lines. Xi has scrambled for 13 years to build up China’s military. His strategy is based on loading up with missiles, missiles and more missiles. Yet looking at what rolled down the streets in Beijing, the fact remains that China can’t outpace U.S. military technology, despite decades of espionage, copycat designs and heavy military spending. 

The U.S. has some far superior systems. I’m talking about the new B-21 stealth bombers and F-47 sixth-gen fighters, for example. China has no true equivalents. 

The U.S. also has new ways to deal with China’s missiles. The U.S. Space Force’s new Hypersonic and Ballistic Track and Surveillance System will use a constellation of satellites in low earth orbit, cued to use a medium field-of-view, to track China’s hypersonic missiles as they maneuver. Innovations like this nix China’s gains. 

The parade showcasing ‘multi-domain’ technologies that might be used during an invasion of Taiwan was underwhelming. China’s laser gun on the truck, the unmanned surface vessels and even the big underwater drones are nothing remarkable. The U.S. has all that. Just check out the U.S. Navy’s massive Orca drone, which can lay seabed mines all by itself. Or the U.S. Army’s high-energy laser tests against drone swarms at Fort Sill, Oklahoma, this summer. 

Xi needs his thug friends to challenge the U.S. and allies. Sadly, China allows Putin the option of refusing to talk about ending the war in Ukraine. The warm welcome given to North Korea showed that China is eager for Kim’s rising nuclear capabilities to provoke the U.S. and Pacific partners. Kim toured a solid-fueled missile facility before boarding the train to Beijing and North Korea is working on nuclear submarines as well. That’s scary.

Trump’s nonchalance in dealing with this terrible trio is possible because the administration is taking action every day to shore up America’s power and oppose the China-Russia alliance. 

In the Oval Office Tuesday, Trump flexed American power with two very different announcements.

First, U.S. forces blew up a Tren de Aragua drug runner’s fast boat with an anti-ship missile. The strike opened a whole new chapter in the drug war.  

Tren de Agua is a designated terrorist organization, so in tactical terms, this is no different from striking ISIS or Houthi terrorists in the Middle East.  Believe me, the U.S. Navy has plenty more anti-ship missiles and it’s high time to clean up the Western Hemisphere. Trump’s predecessor James Monroe, famous for the Monroe Doctrine, would be proud.

Next, Trump announced that U.S. Space Command will be headquartered in Huntsville, Alabama. U.S. dominance in military and commercial space is essential for the economy and for global power; that’s why Trump created the United States Space Force as the sixth military branch in 2019. 

Elon Musk’s Starlink and now Amazon’s Kuiper are muscling China out with thousands of satellites in low-earth orbit to deliver broadband, and backstop U.S. military freedom of action in space. And the Space Force is key to the Golden Dome defenses for the U.S.

Finally, no military parade can cover up the fact that China, Russia and North Korea all face economic problems. China’s growth rate has halved in recent years and tariffs threaten the continued expansion in global markets that is Xi’s top economic priority. Russia is running on defense production and oil sales, and North Korea has no discernible economy apart from its trade with China. 

Those other leaders in the parade photo had better not be looking to do more business with the U.S. anytime soon. The larger economic reality is that the U.S. is winning the AI race and, with concerted effort, can shut the door on China’s attempts to dominate AI. 

This post appeared first on FOX NEWS

Vice President JD Vance shot back at senators who clashed withHealth and Human Services Secretary Robert F. Kennedy Jr. at a hearing before the Senate Finance Committee Thursday, saying they are ‘full of s— and everyone knows it.’

Sen. Ron Wyden, D-Ore., pressed Kennedy during the hearing, accusing him of endangering children with reckless decisions and conspiracy-driven policies, adding that he believed Kennedy had ‘no regrets’ about a ‘fundamentally cruel’ agenda. 

Kennedy countered by noting Wyden’s decades in office while chronic disease rates climbed to 76%.

The Vice President later sounded off on X, using profanity while directly addressing the opposition.

‘When I see all these senators trying to lecture and ‘gotcha’ Bobby Kennedy today all I can think is: You all support off-label, untested, and irreversible hormonal ‘therapies’ for children, mutilating our kids and enriching big pharma,’ Vance wrote in an X post. ‘You’re full of s— and everyone knows it.’

Secretary Kennedy reposted the Vice President, writing ‘Thank you @JDVance. You put your finger squarely on the preeminent problem.’

Other White House voices chimed in to support Secretary Kennedy after the fiery hearing. Press secretary Karoline Leavitt wrote, ‘Secretary @RobertKennedyJr is taking flak because he’s over the target. The Trump Administration is addressing root causes of chronic disease, embracing transparency in government, and championing gold-standard science. Only the Democrats could attack that commonsense effort.’

‘Democrats are getting absolutely TORCHED by @SecKennedy,’ wrote Deputy White House chief of staff Taylor Budowich. ‘They seem uninterested in health or human services, just parrots of a failed medical orthodoxy that has made America less healthy. Great hearing and preparation by the Sec.’

The exchange came a day after more than 1,000 current and former HHS employees called for Kennedy’s resignation.

At the hearing, Wyden accused Kennedy of elevating conspiracy theories and mismanaging federal health agencies, saying his tenure has been defined by ‘chaos’ and ‘corruption’ benefiting himself and President Donald Trump and rising health costs for families.

He also accused Kennedy of ‘taking vaccines away from Americans’ and threatening doctors who deviated from his guidelines.

Kennedy touted his department’s work, saying it has been ‘the busiest, most proactive administration in HHS history.’ 

In six months, he said, HHS has tackled issues ranging from food and baby formula contamination to drinking water safety, drug prices, e-cigarettes, heroin at gas stations and prior authorization delays.

‘We’re ending gain of function research, child mutilation and reducing animal testing,’ Kennedy said. ‘We are addressing cellphone use in schools, excessive screen time for youth, lack of nutrition education in our medical schools, sickle cell anemia, hepatitis C, the East Palestine chemical spill and many, many others. At FDA, we are now on track to approve more drugs this year than at any time in history.’

Committee Chairman Mike Crapo, R-Idaho, Vance and Wyden did not immediately respond to Fox News Digital’s requests for comment.

Fox News Digital’s Anders Hagstrom contributed to this report.

This post appeared first on FOX NEWS

President Donald Trump stood by Health and Human Services Secretary Robert Kennedy Jr. after he faced an intense grilling from senators on Capitol Hill on Thursday, telling reporters, ‘I like the fact that he’s different.’

While speaking with the press during his dinner with technology industry leaders at the White House, Trump was asked about the hearing.

‘Mr. President, Sen. Bill Cassidy [R-La.] said, effectively, we’re denying people vaccines. Do you have full confidence in what RFK Jr. is doing?’ asked a reporter.

Trump noted that he ‘didn’t get to watch the hearings today,’ but spoke highly of Kennedy, saying, ‘he’s a very good person.’

‘He means very well. And he’s got some little different ideas. I guarantee a lot of the people at this table like RFK Jr., and I do, but he’s got a different take, and we want to listen to all of those takes,’ said the president.

‘But I heard he did very well today,’ Trump went on. ‘It’s not your standard talk, I would say that, and that has to do with medical and vaccines. But if you look at what’s going on in the world with health and look at this country also with regard to health, I like the fact that he’s different.’

While testifying before the Senate Finance Committee, Kennedy faced intense criticism from Democratic senators, including Sen. Ron Wyden, D-Ore., who accused Kennedy of putting children into ‘harm’s way’ with his policies.

Wyden pressed Kennedy during the hearing, saying that he believed Kennedy had ‘no regrets’ about a ‘fundamentally cruel’ agenda. 

‘This is about kids being pushed into harm’s way by reckless and repeated decisions to get scientists and doctors out of the way and allow conspiracy theories to dictate this country’s health policy,’ Wyden said at the end of his questioning. 

‘I don’t see any evidence that you have any regrets about anything you’ve done or plans to change it. And my last comment is, I hope that you will tell the American people how many preventable child deaths are an acceptable sacrifice for enacting an agenda that I think is fundamentally cruel and defies common sense,’ said Wyden.

Kennedy countered by noting Wyden’s decades in office while chronic disease rates climbed significantly.

‘Senator, you’ve sat in that chair how long? Twenty, 25 years, while the chronic disease of our children went up to 76%. And you said nothing.’

‘You never asked the question of why it’s happening. Why is this happening? Today, for the first time in 20 years, we’ve learned that infant mortality has increased in our country. It’s not because I came in here. It’s because of what happened during the Biden administration that we’re going to end,’ he continued.

Vice President JD Vance also came to Kennedy’s defense on Thursday, saying the senators who grilled him are ‘full of s— and everyone knows it.’

‘When I see all these senators trying to lecture and ‘gotcha’ Bobby Kennedy today all I can think is: You all support off-label, untested, and irreversible hormonal ‘therapies’ for children, mutilating our kids and enriching big pharma,’ Vance wrote in an X post. ‘You’re full of s— and everyone knows it.’

Kennedy reposted the vice president, writing, ‘Thank you @JDVance. You put your finger squarely on the preeminent problem.’

Kennedy’s testimony came one day after over 1,000 current and former HHS employees signed a letter calling for his resignation on Wednesday. Sen. Bernie Sanders, I-Vt., also called for his resignation.

Fox News Digital’s Alexandra Koch, Jasmine Baehr and Anders Hagstrom contributed to this report.

This post appeared first on FOX NEWS

The U.S. accepted a luxury Boeing Jet as a gift from Qatar in May, with plans to retrofit it to become the next Air Force One. The Air Force says the effort will cost less than $400 million for the updates. Other estimates show it could cost more than $1 billion. 

Meanwhile, a separate deal with Boeing to produce two new 747-8s has faced significant delays and cost the company more than $1 billion.

‘They’re getting a new Air Force One. I didn’t want to do it because if I did it they’d say why are you doing that?,’ President Donald Trump said in January 2016. ‘I don’t mind getting that plane, but, you know, it does seem like an awful lot of money, doesn’t it?’

The Air Force first announced the plan to develop the 747-8s in 2015, when President Barack Obama was in office.

‘The President doesn’t need a new plane right now. But eight years from now, whoever is President, they are likely to need a new plane,’ White House Press Secretary Josh Earnest said in October 2015.

Nearly ten years later, the Air Force One project has yet to deliver, prompting President Trump to look for other options.

‘I’m not happy with Boeing. It takes them a long time to do, you know, Air Force One,’ President Trump said in February. ‘I could buy one from another country, perhaps. Or get one from another country.’

The Air Force and Boeing now say their jets could fly by 2027. A White House report estimates the debut might not take place until 2029. President Trump told reporters on July 29, the retrofitted Qatar Jet could be in the air by February. 

‘I think it’s another example of them pulling us so closely to them that our interests become aligned, even if they’re not,’ Staff Writer for the Free Press Jay Solomon said.

According to an investigation by Solomon and fellow Free Press writer Frannie Bock, Qatar has spent almost $100 billion to establish its influence in the U.S. Qatari officials have funneled money into Ivy League universities to build campuses in Doha, newsrooms like Al Jazeera and corporations to establish offices in Qatar. Doha has also made an effort to invite congressional delegations to visit, while paying lobbyists to align with lawmakers on both sides of the aisle. President Trump even made a stop in the country as part of the first major foreign trip of his second term.

‘Their national security apparatus is fused now into the United States. They’re surrounded by Iran, Saudi Arabia, the UAE countries they’re either kind of frenemies with or not friends at all,’ Solomon said.

Qatar’s ties to Iran and extremist groups lead many of its neighbors to sever diplomatic relations for several years.

‘The nation of Qatar, unfortunately, has historically been a funder of terrorism at a very high level,’ President Trump said in June 2017.

The blockade ended with little impact on Qatar’s economy and without Doha meeting the demands to end its ties to terror groups.

‘They sort of use their relationship with the United States as a way to project what is a very aggressive foreign policy. Which there are a lot of questions, is that foreign policy really aligned with the U.S.?’

Qatar allowed the Taliban to open a political office in Doha in 2013 while maintaining close relations with the U.S. The Qataris have also worked to negotiate peace between Israel and Hamas.

‘It’s really unfair accusations for [saying] Qatar’s trying to buy influence. Throughout the last 25 years or 30 years, you will see, you’ll find Qatar always by the side of the U.S. in many areas and many things,’ Qatari Prime Minister Sheikh Mohammed bin Abdulrahman Al Thani said.

Qatar said they are proud of their relationships with U.S. entities and its effort to mediate conflicts, but some question the country’s intentions.

‘I stew over this, to be honest. A lot of people do. I think they have gotten some of the hostages if you look at it on a positive note, they helped Americans get out of Afghanistan. They helped negotiate the end of our role in Afghanistan. You could look at that and say, wow, that’s positive,’ Solomon said. ‘But I do think they empower groups in a lot instances that are not our friends.’

Lawmakers on both sides of the aisle express unease over Qatar’s controversial record on human rights and terror links.

‘Qatar is not, in my opinion, a great ally,’ Sen. Rick Scott, R-Fla., said in May.

Rep. Ted Lieu, D-Calif., said at a press conference with other democrats that ‘there is no such thing as a free palace in the sky.’ And Sen. Chris Coons, D-Del., noted ‘the Trojan Horse was a gift.’

The White House deflected concerns. Treasury Secretary Scott Bessent told CNN, ‘the French gave us the Statue of Liberty. The British gave us the Resolute Desk.’

Senate Minority Leader Chuck Schumer, D-N.Y., announced a hold on approving all Justice Department nominees until the White house gave more details about the jet deal.

‘This just isn’t naked corruption. It’s also a national security threat,’ Schumer said on the Senate Floor in May.

Democrats have now delayed more than 140 judicial nominees.

‘When it comes to gifts, we have ethics rules. We have them in the Senate. We’ve got them in White House. Those rules need to be followed. And ultimately what we want is to make sure that we’ve got the president traveling in a way that’s as safe as possible,’ Sen. Pete Ricketts, R-Neb., said.

A memo reviewed by ABC News stated the donation of the jet is unconditional and that ‘the aircraft may be used or disposed by the DOD in its sole discretion.’

U.S. laws generally prohibit the acceptance of large foreign gifts by government employees, including the president. However, the statute can be interpreted to show gifts can be put into official government use with the agency’s approval.

‘This plane’s not for me. This goes to the United States Air Force. For whoever is president. At some point, it’ll be like Ronald Reagan, it will be decommissioned. You know, it’s 11 years old,’ President Trump said on Special Report during his trip to the Middle East. ‘It would be decommissioned because they won’t want it. Plus, they’ll have the other two planes by that time.’

Legal analysis also shows an individual may transfer large gifts to a government agency for sale or donation. President Trump says the jet would be donated to his presidential library after he leaves office.

‘When they give you a putt, you pick it up and you walk to the next hole and you say, thank you very much,’ President Trump said to questions over the ethics of the gift.

‘There seems to be conflicts of interest all over the place. When it comes to Qatar and the highest wrongs of the administration,’ Solomon said. ‘Are their decisions on these types of issues gonna be in any way conflicted or influenced by the fact that they’re taking major gifts from a government that’s the main Sponsor of the Muslim Brotherhood.’

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Israel has 40% control of Gaza City as the Israel Defense Forces are now preparing to seize the entire area, an Israeli military spokesperson confirmed Thursday. 

Brig. Gen. Effie Defrin told reporters at a news briefing that his forces had already secured large neighborhoods in its latest offensive.

‘We continue to damage Hamas’ infrastructure,’ he said before adding: ‘Today we hold 40% of the territory of Gaza City.’

‘We will continue to operate until all the war’s objectives are achieved. First and foremost, the return of the hostages and the dismantling of Hamas’ rule,’ he added.

Last week, Israel declared Gaza City in the north a combat zone, with some districts designated red zones, urging Palestinians to leave.

Senior officials warned that military rule may be imposed and Palestinians were told to evacuate to the south, with some of Prime Minister Benjamin Netanyahu’s coalition partners pushing for a permanent Israeli settlement in Gaza.

Meanwhile, Gaza health officials said at least 53 Palestinians were killed Thursday, most in Gaza City, as Israeli forces pressed deeper into eastern suburbs.

Residents reported heavy bombardments in Zeitoun, Sabra, Tuffah and Shejaia while tanks advanced into Sheikh Radwan, northwest of the city center, crushing homes and setting fires in encampments.

Mahmoud Bassal, spokesperson for Gaza’s civil emergency service, said the bombardment destroyed four buildings in what he described as a ‘fire belt’ targeting civilians.

‘Even if Israel issues warnings, there are no places that can accommodate the people,’ he said.

On the evacuations, Israeli officials say 70,000 people have fled Gaza City so far, though Palestinian authorities contend far fewer have left, with tens of thousands still in the path of advancing forces.

Israel launched its major Gaza City offensive on Aug. 10 under ‘Operation Gideon’s Chariots,’ deploying tens of thousands of reservists to fight together with its regular troops.

There are still 48 hostages believed to be held in Gaza.

Netanyahu initially said Israel would conquer all of Gaza after indirect talks with Hamas on a ceasefire and hostage release deal broke down in July.

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COLUMBUS, Ga. — During a trip to Fort Benning on Thursday, Defense Secretary Pete Hegseth said the department is working on re-establishing deterrence, ‘so that when the enemy sees an American, they don’t want to f— with us.’

The comments came after Hegseth spoke at an Officer Candidate School (OCS) graduation ceremony, where candidates were commissioned as second lieutenants in the Army or ensigns in the Navy.

Following the ceremony, he made remarks at the Infantry Basic Officer Leader Course luncheon — sharing stories about his children wanting Army Ranger shirts, and noting the proudest moment of his life would be saluting them if they earned it.

Hegseth also touched on military priorities under the Trump administration, noting the Department of Defense’s focus is rebuilding the military to ensure it has the best possible equipment from the warfighter perspective, across all services. 

‘And then reestablishing deterrence, so that when the enemy sees an American, they don’t want to f— with us,’ Hegseth said. ‘Because they know they’ll get the business end of the best warrior on the planet. We’re reestablishing that. Whether it’s midnight hammer, or freedom of navigation, or narco-traffickers that are poisoning the American people.’

He said the world knows that when President Donald Trump speaks, he means business, adding that the graduates are the faces of that deterrence. 

‘It’s you that we remember, and we think of, when we make decisions,’ Hegseth said. ‘It’s the job of policymakers and leaders in our positions to look down and say, ‘We’ve asked you to do tough things, we’re going to have your back when you do it.’ We’re going untie your hands and make sure you can unleash hell in Yemen. Absolute violence of action. 

‘We’re going to push decision-making authority down to you, the platoon level, the company level, the battalion unit level, as much as possible.’

During the trip, the secretary also teased that the Defense Department may have a new name on Friday, which Fox News Digital’s Diana Stancy and Emma Colton were first to confirm.

Trump will sign an executive order allowing the department to use the ‘Department of War’ as a secondary title, along with phrases like ‘secretary of war’ for Hegseth.

The order also directs Hegseth to propose legislative and executive actions to make the name change permanent.

Fox News Digital’s Diana Stancy and Emma Colton contributed to this report.

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The Trump administration asked the Supreme Court on Thursday to allow the president to fire a member of the Federal Trade Commission, after lower courts ruled he lacks the authority to remove members of independent agencies without cause.

President Donald Trump moved to fire Rebecca Slaughter earlier this year, but lower courts ruled she could keep her job because the law only allows commissioners to be removed for issues such as misconduct or neglect of duty.

Earlier this week, an appeals court said Trump unlawfully fired Slaughter and that her firing was squarely at odds with Supreme Court precedent.

The Justice Department contends that the FTC and other executive branch agencies are under Trump’s control and that the president has the power to remove commissioners without cause.

The testing of the president’s removal power could lead the nation’s highest court to consider overturning a 1935 Supreme Court decision known as Humphrey’s Executor, in which justices unanimously ruled that presidents cannot fire independent board members without cause.

The ruling brought in an era of powerful independent federal agencies charged with regulating labor relations, employment discrimination, the airwaves and other matters.

That case also centered around the FTC, which was highlighted by lower-court judges in the lawsuit filed by Slaughter, who has been fired and rehired multiple times this year as the case worked its way through the courts.

The FTC is a regulator created by Congress that enforces consumer protection measures and antitrust legislation. The agency’s seats are typically made up of three members of the president’s party and two from the opposing party.

Slaughter was first appointed by Trump in 2018, and then later reappointed by former President Joe Biden. She is the only remaining Democrat on the FTC.

The high court has already allowed the removal of several other board members from independent agencies. 

The justices have also suggested that Trump’s removal powers have limitations at the Federal Reserve, which could soon be tested as well in the case of Lisa Cook, a member of the Federal Reserve Board of Governors.

The Associated Press contributed to this report.

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