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Bolton unleashes on Trump Ukraine policy days after FBI raid

After his home was raided by the FBI last week, former national security advisor John Bolton unleashed a blistering critique of President Donald Trump’s Ukraine policy, claiming it is marked by ‘confusion, haste and disarray.’ 

‘Collapsing in confusion, haste, and the absence of any discernible meeting of the minds among Ukraine, Russia, several European countries, and America, Trump’s negotiations may be in their last throes, along with his Nobel Peace Prize campaign,’ Bolton wrote in an op-ed published days after federal agents carried out search warrants on his home and office.

Bolton said Trump’s attempt to fast-track a peace deal was ‘inevitably’ doomed, arguing the Alaska summit with Putin on Aug. 15 was arranged at a pace ‘almost surely unprecedented in modern history.’ 

He blasted Trump’s abrupt reversal after the meeting — backing off new sanctions on Moscow and scrapping demands for a ceasefire in favor of a ‘final agreement’ — as proof of chaotic diplomacy.

The former U.N. ambassador also pointed to contradictions inside the administration, noting Trump told Ukraine it must strike inside Russia even as the Pentagon blocked Kyiv from doing so. The Wall Street Journal reported on Saturday the Pentagon had been blocking long-range Army Tactical Missile Systems, or ATACMs, from reaching Ukraine. 

Meanwhile, allies such as India, Bolton wrote, were left ‘hanging out to dry’ under new 50% U.S. tariffs while Russia and China skated free.

‘His efforts over the last two-plus weeks may have left us further from peace and a just settlement for Ukraine than before,’ Bolton concluded.

Bolton even went after Trump for releasing a photo of himself pointing his finger at Putin’s chest, drawing comparisons to  then-Vice President Richard Nixon’s finger-pointing during the famous kitchen debate with former Soviet Union prime minister Nikita Khrushchev. 

‘Why Trump wants to be compared to the only president who resigned in disgrace is unclear.’

Bolton was Trump’s national security advisor in 2018 and 2019, until the pair fell out. 

The FBI raid is reportedly linked to a probe of mishandling classified documents.

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Trump touts Kim Jong Un relationship amid South Korea summit

President Donald Trump touted his relationship with North Korean leader Kim Jong Un and said the two would meet ‘someday’ — just before a summit at the White House with South Korea’s new president, Lee Jae Myung. 

During Trump’s first term in office, the president met with Kim on multiple occasions — including in Singapore in 2018, and then twice in 2019 in Vietnam and within North Korea — for denuclearization talks. 

‘I have very good relationships with Kim Jong UN, North Korea,’ Trump told reporters at the White House Monday. ‘I mean, a lot of people would say, oh, that’s terrible. No, it’s good. In fact, someday I’ll see him. I look forward to seeing him. He was very good with me. We had two meeting — we had two summits. We got along great.’ 

‘I know him better than you do,’ Trump said. ‘I know him better than anybody almost, other than his sister. His sister knows him pretty well. No, I know him well. And I got along with him. You know, I’m not supposed to say I really like him a lot because if I do that, I get killed in the fake news media. But I got along with him very well.’ 

Denuclearization talks with Kim crumbled during Trump’s first administration when the president refused to get on board with Kim’s request for sanctions relief, in exchange for shuttering North Korea’s primary nuclear complex. 

While the current Trump administration has signaled ongoing interest in renewing denuclearization talks with North Korea, Kim’s sister Kim Yo Jong said in July that pressure from the White House for North Korea to denuclearize would be interpreted as ‘nothing but a mockery.’

‘The recognition of the irreversible position of the DPRK as a nuclear weapons state and the hard fact that its capabilities and geopolitical environment have radically changed should be a prerequisite for predicting and thinking everything in the future,’ Kim Yo Jong said in a statement in July published by the North Korean state news agency KCNA. 

Meanwhile, Trump also took a shot at ally South Korea hours before Lee’s scheduled arrival at the White House — and weeks after the two agreed to a trade deal. 

‘WHAT IS GOING ON IN SOUTH KOREA? Seems like a Purge or Revolution. We can’t have that and do business there,’ Trump said in a social media post on Monday morning. 

Trump told reporters Monday morning his statements stemmed from media reports about raids on churches and on Osan Air Base in July. He told reporters he wasn’t sure how accurate the media reports were, but that he’d question Lee on the matter because he wouldn’t ‘stand for that.’ 

The Associated Press contributed to this report. 

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Trump threatens lawsuit over ‘blue slips’ as top GOP senator bucks demand to bend Senate rules for nominees

President Donald Trump vowed to sue over a Senate practice that allows a lawmaker to block his U.S. attorney and district court nominees, as the top Republican on the Senate Judiciary Committee stood firm against doing away with the tradition. 

Trump homed in on the ‘blue slip’ tradition in the Senate, which effectively gives Senate Republicans and Democrats the ability to veto district court and U.S. attorney nominees in their home states. His desire to see the practice done away with comes as Senate Democrats have stood in the way of his nominees making their way through the upper chamber in a speedy fashion. 

‘We’re also going to be filing a lawsuit on blue slipping,’ Trump told reporters in the Oval Office on Monday. ‘You know, blue slips make it impossible for me, as president, to appoint a judge or a U.S. attorney because they have a gentleman’s agreement. Nothing memorialized. It’s a gentleman’s agreement that’s about 100 years old, where if you have a president, like a Republican, and if you have a Democrat senator, that senator can stop you from appointing a judge or a U.S. attorney, in particular, those two.’ 

His decision to turn to the courts also comes after he targeted Senate Judiciary Chair Chuck Grassley, R-Iowa, over the weekend. He again demanded that Grassley do away with the practice. 

But over multiple posts on X on Monday, Grassley argued that without blue slips, none of Trump’s nominees would pass muster in the Senate.

‘A U.S. Atty/district judge nominee without a blue slip does not [have] the votes to get confirmed on the Senate floor & they don’t [have] the votes to get out of [committee],’ Grassley said. ‘As chairman I set [President] Trump noms up for SUCCESS NOT FAILURE.’

Trump argued that it was his constitutional right to appoint judges and U.S. attorneys, but the right had been ‘completely taken away from me in States that have just one Democrat United States Senator.’

‘This is because of an old and outdated ‘custom’ known as a BLUE SLIP, that Senator Chuck Grassley, of the Great State of Iowa, refuses to overturn, even though the Democrats, including Crooked Joe Biden (Twice!), have done so on numerous occasions,’ Trump said.  

‘Therefore, the only candidates that I can get confirmed for these most important positions are, believe it or not, Democrats! Chuck Grassley should allow strong Republican candidates to ascend to these very vital and powerful roles, and tell the Democrats, as they often tell us, to go to HELL,’ he continued.

Senate Democrats have indeed used the blue slip tradition

For example, Senate Minority Leader Chuck Schumer, D-N.Y., used his blue slip privileges to nix Trump’s U.S. Attorney nominees for the Southern and Eastern Districts of New York.

And Sens. Cory Booker and Andy Kim, both Democrats from New Jersey, used the blue slip to object to Alina Habba’s nomination to U.S. Attorney in the Garden State. Habba was tapped by Trump to serve in the role on an interim basis, but after her term expired, a panel of judges opted to not extend her position. 

A replacement was chosen but then fired by Attorney General Pam Bondi. Trump then withdrew his nomination for Habba and restored her interim status. 

‘Habba was withdrawn as the President’s nominee for New Jersey U.S. Atty on July 24,’ Grassley said. ‘[And] the [Judiciary Committee] never received any of the paperwork needed for the Senate to vet her nomination.’

Trump’s renewed ire comes after he singled out Grassley last month for not nixing the longstanding tradition, which is not a law, and demanded that he ‘have the courage’ to change the practice.

It also comes after Senate Republicans and Democrats failed to reach a deal on ramming through many of the president’s nominees before leaving Washington for all of August. 

Finding a pathway forward, including a likely change to the Senate’s confirmation process, is expected to be a top priority for Republicans when they return to the Hill after Labor Day. 

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Fighter pilots take directions from AI in Pentagon’s groundbreaking test

For the first time, U.S. fighter pilots took direction from an AI ‘air battle manager’ in a Pentagon test that could change how wars are fought in the skies.

The Air Force and Navy ran the August test using Raft AI’s Starsage tactical control system on F-16s, F/A-18s and F-35s during a joint military exercise designed to evaluate new weapons systems, advanced communications and battle management platforms, Fox News Digital has learned. 

In a typical combat mission, fighter pilots communicate with human air battle managers on the ground. These managers monitor radar, sensor feeds and intelligence to direct pilots on where to fly and how to position their aircraft.

‘We haven’t seen our enemies test any similar technology, so I think this is groundbreaking,’ Raft AI CEO Shubhi Mishra told Fox News Digital in an interview.

She said Starsage both speeds up response time and improves accuracy, allowing pilots to make decisions that once took minutes in just seconds. ‘In the air battle manager’s case, it’s not a one-to-one ratio: one air battle manager is helping several pilots,’ Mishra explained. ‘The autonomous agent we built is one-to-one, at the beck and call of each pilot.’

Air battle managers operate somewhat like air traffic controllers at the Federal Aviation Administration (FAA), ensuring aircraft don’t collide and remain within safe air corridors. Mishra argued that Starsage could also have prevented the collision between a regional airliner and a Black Hawk helicopter near Ronald Reagan National Airport earlier this year.

‘If the FAA had this technology, that never would have happened,’ she said. ‘It’s just data, and then execution on the data.’ An investigation by the National Transportation Safety Board revealed that the Black Hawk’s pilots never heard the command to ‘pass behind the [commercial regional jet]’ because the transmission was stepped on. The airliner’s pilots were not warned there was a helicopter nearby.

During the test, fighter pilots checked in with Starsage, confirming they were on track with the mission plan. Starsage cross-referenced their reports with its simulated sensor feed and the day’s Air Tasking Order, then announced that the minimum force package had been met, signaling that the required number of aircraft were airborne and ready. Behind the scenes, the AI prepared to digitally update the mission commander and other command-and-control agencies.

A battle manager monitored each scenario, and pilots were able to direct Starsage to call them as needed for human direction. 

Later in the scenario, when pilots requested a threat assessment, Starsage analyzed its feed and issued what’s known as a ‘picture call’ — a snapshot of enemy aircraft formations. In this case, Starsage identified a single heavy group of five adversary aircraft, marking the first time an AI system has provided real-time tactical awareness in the air battle space.

The development comes as defense aviation leaders debate how much longer humans will remain in the cockpit of combat aircraft, and how many future generations of fighter jets the Pentagon will ultimately need. To an AI expert like Mishra, ‘if it’s a life-or-death decision, humans should always be in the loop.’

‘But in terms of the technology being capable of doing this, I think it’s already here,’ she said. ‘The question is, do we let it?’

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‘Dr. Strangelove with a mustache’: Bolton blasted for ‘profiteering’ off US secrets by White House advisor

Trump trade adviser Peter Navarro tore into John Bolton for ‘profiteering off America’s secrets’ on Tuesday after the FBI raided his home last week in a reported classified document probe.

‘I served with Bolton, and he was far too frequently a loose cannon, bent on bombings and coups — Doctor Strangelove with a mustache,’ Navarro, who also advised Trump on trade during his first term, wrote in an op-ed for The Hill.

‘He agitated for airstrikes, pushed regime-change fantasies, and obsessed over military solutions when diplomacy was working. Then, instead of honoring executive privilege and confidential debate, Bolton acknowledged that in writing his memoir he relied on the ‘copious notes’ he had conspicuously taken inside the White House.’ 

Bolton published a book in 2020, The Room Where it Happened, reportedly receiving a $2 million advance for a tell-all of his time in the Trump administration. He served as Trump’s national security advisor starting in 2018 but fell out with the president and left the position in 2019. 

Navarro accused Bolton of ‘sharing information about Oval Office conversations and national security that should have stayed secret — either by law or under executive privilege.’

‘That isn’t service. That isn’t patriotism. That’s profiteering off of America’s secrets.’

Navarro noted that Bolton had described confidential U.S. deliberations on how to fracture Venezuelan President Nicolas Maduro’s control and prompt military defections. 

‘That kind of blueprint isn’t something you hand to the public — or to Maduro’s intelligence services.’

He noted that disclosing national defense information without authorization could violate U.S. code. 

‘If evidence is found and indictments made, Bolton may one day go to prison for shredding that Constitution, defying executive privilege, and trampling safeguards meant to protect America’s security,’ Navarro said. ‘If that happens, Bolton won’t be remembered for his book tour. He’ll be remembered for the sequel he writes in prison.’

Fox News Digital has reached out to a spokesperson for Bolton for comment. 

Navarro spent four months in prison last year after being convicted of contempt of Congress for defying subpoenas from the House select committee investigating the January 6 Capitol attack.

The FBI executed a search warrant on Bolton’s home and office on Friday. 

Democrats have also fumed about Bolton’s book: when the former national security advisor refused to serve as their star witness during the first Trump impeachment related to Ukraine, they accused him of saving the juicy details for his memoir. 

In June 2020, Judge Royce Lamberth found Bolton had ‘likely jeopardized national security by disclosing classified information in violation of his nondisclosure agreement obligations.’ 

He’d submitted the 500-page manuscript for a national security review, but when the review wasn’t completed in four months, he ‘pulled the plug on the process and sent the still-under-review manuscript to the publisher for printing,’ according to the judge. 

Lamberth allowed the book to hit the shelves because ‘the horse is already out of the barn‘ – the book’s excerpts had already been leaked and 200,000 copies had been shipped.

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Silver Mining Sector Emerges as Clear Winner Amid Production Expansion Wave

USA News Group News Commentary

Issued on behalf of Magma Silver Corp.

USA News Group News Commentary Silver miners are using 2025’s price gains to expand operations and make acquisitions, with some analysts calling it the sector’s biggest growth cycle in more than a decade. Earlier this year, the Silver Institute predicted 2025 mine output to hit a seven-year high even as silver prices average 44% above the past decade’s levels. The silver mining market is projected to reach $42.23 billion by 2032, growing at 8.75% annually. Investors are watching producers such as Magma Silver Corp. (TSXV: MGMA) (OTCQB: MAGMF), Americas Gold and Silver Corporation (NYSE-American: USAS) (TSX: USA ), Silver47 Exploration Corp. (TSXV: AGA,OTC:AAGAF) (OTCQB: AAGAF), Coeur Mining, Inc. (NYSE: CDE), and Guanajuato Silver Company (TSXV: GSVR) (OTCQX: GSVRF).

Industry dynamics still favor silver producers, with supply constraints creating what experts call a ‘perfect storm’ for the sector. Recent quarterly reports show major producers posting double-digit growth , even amid ongoing operational challenges. Silver’s dual role as both an industrial metal and a store of value is fueling demand from renewable energy, electronics, and investors, putting miners in a strong position.

Magma Silver Corp. (TSXV: MGMA) (OTCQB: MAGMF) has commenced its Q3 work program at the strategically positioned Niñobamba project in Peru , marking a decisive step toward the company’s planned Q4 2025 diamond drilling campaign. The current field program is designed to refine drill targets and expand technical knowledge of the mineralized zones at Jorimina and Randypata, where mining giant Newmont previously invested millions in historic exploration.

Magma’s team is now on site, running geological mapping and rock sampling to refine drill targets. The program is led by Senior Geologist Edgar Leon and overseen by Jeffrey Reeder , P.Geo., who together bring decades of experience in Peru’s mining sector.

‘We are excited to advise that our exploration team is now on site at the advanced Niñobamba silver-gold project,’ said Stephen Barley , Chairman and CEO of Magma Silver . ‘The program will focus on the Jorimina and Randypata areas. The work being carried out will assist in refining drill targets for our planned Q4 drill program and expand our overall technical knowledge of the style and extent of the mineralized zones.’

The timing aligns strategically with silver’s strong market momentum, as multiple investment banks have converged on $40 price targets for the metal. Magma’s systematic approach to target refinement builds upon over CAD$10 million in historic exploration by Newmont , which returned compelling results including 17.4 metres of 3.06 g/t gold and 128 metres of 1.31 oz/t silver from the Jorimina area.

The company expects to wrap up its pre-drilling work and release rock sample results by the end of Q3 2025. Drilling at Jorimina is slated to commence in Q4 2025, with initial results expected before year-end. Additionally, Magma is actively reviewing potential acquisitions to broaden its exposure to silver and gold assets, signaling expansion beyond its flagship Peru project.

These crucial access rights were secured through a surface access rights agreement with the Comunidad Campesina De Tunsulla , which remains in good standing through the 2025 season and into 2026.

The broader Niñobamba project encompasses 4,100 hectares and is anchored by three contiguous areas—Main, Randypata, and Jorimina—believed to form part of an extensive high-sulfidation epithermal system with significant untapped potential. The company’s strategy centers on applying modern targeting techniques to ground previously tested by majors like Newmont and AngloGold .

‘The establishment of an experienced operations team we can trust will make a significant contribution to our success in Peru ,’ added Barley in a previous release . ‘ Peru is a sophisticated, mining-friendly jurisdiction with detailed regulatory requirements that must be strictly adhered to. The experienced team we are involved with will ensure smooth operations for Magma .’

With just over 34 million shares outstanding and claims secured through mid-2026, Magma is shifting from asset assembly to active exploration in one of South America’s most mining-friendly regions.

CONTINUED… Read this and more news for Magma Silver at:

https://usanewsgroup.com/2025/06/04/mining-giants-missed-the-big-prize-a-juniors-back-for-the-precious-metals/

In other industry developments and happenings in the market include:

Americas Gold and Silver Corporation (NYSE-American: USAS) (TSX: USA ) has reported high-grade 149 vein extension results at its Galena Complex, including 24,913 g/t silver and 16.9% copper over 0.61 metres within a broader 3.05-metre interval. The intercept represents one of the highest-grade silver values ever recorded at the property and demonstrates the exceptional potential of the underground mining complex. These results significantly expand the known mineralization footprint and confirm the continuity of high-grade zones.

‘This intercept represents one of the highest-grade silver intercepts in Galena’s history and demonstrates the exceptional high-grade potential that exists in the underground workings,’ said Paul Andre Huet , Chairman and CEO of Americas Gold and Silver . ‘The results confirm our thesis that significant high-grade mineralization remains to be discovered in the underground workings, and we continue to focus our efforts on unlocking this potential through systematic exploration and development.’

The company continues to advance its aggressive development strategy at Galena, targeting increased production rates and reduced unit costs. With strong financial backing and proven high-grade mineralization, Americas is positioned to significantly expand its silver production profile.

Silver47 Exploration Corp. (TSXV: AGA,OTC:AAGAF) (OTCQB: AAGAF) has unveiled multiple premier exploration targets with strong discovery potential across its Red Mountain project in Alaska , identifying 16 distinct target areas through comprehensive geological analysis. The company’s systematic approach has revealed significant silver-bearing mineralization across multiple zones, with historical samples returning grades up to 2,340 g/t silver. These targets represent a substantial expansion of the known mineralized footprint and provide multiple drill-ready opportunities.

‘The comprehensive target generation work has identified 16 distinct target areas across the Red Mountain project, each with strong discovery potential,’ said Gary Thompson , CEO of Silver47 Exploration . ‘This systematic approach has significantly expanded our understanding of the mineralized system and provides us with multiple high-priority drill targets for our upcoming exploration programs.’

The company is advancing toward a major drilling campaign designed to test these high-priority targets systematically. With permits in place and a clear exploration strategy, Silver47 is positioned to unlock the significant silver potential across its expansive Alaskan property.

Coeur Mining, Inc. (NYSE: CDE) reported second quarter 2025 results with silver production of 3.7 million ounces and total production of 196,978 gold equivalent ounces, demonstrating solid operational performance across its portfolio. The company generated $188.1 million in revenue during the quarter, with strong contributions from both its gold and silver operations. Coeur’s diversified asset base continues to deliver consistent cash flow and production growth.

‘We delivered another solid quarter of operational and financial performance, producing nearly 197,000 gold equivalent ounces and generating $188 million in revenue,’ said Mitchell Krebs , President and CEO of Coeur Mining . ‘Our diversified portfolio of assets continues to perform well, and we remain focused on optimizing operations while advancing our growth projects.’

The company maintains its full-year production guidance and continues to advance development projects across its portfolio. With a strong balance sheet and proven operational capabilities, Coeur is well-positioned to capitalize on favorable precious metals pricing.

Guanajuato Silver Company (TSXV: GSVR) (OTCQX: GSVRF) has received a key permit at its Pinguico Mine, clearing the path for expanded underground development and increased silver production. The company also closed a C$18 million financing to fund operations and development activities across its Mexican silver properties. These developments position the company to accelerate production growth and expand its resource base.

‘This permit represents a significant milestone for Guanajuato Silver as it will allow us to expand our underground development and increase our silver production capacity at Pinguico,’ said James Anderson , Chairman and CEO of Guanajuato Silver . ‘Combined with our recent financing, we now have the permits and capital necessary to execute our growth strategy.’

The company is focused on ramping up production across its portfolio of Mexican silver mines. With fresh capital and regulatory approvals in place, Guanajuato Silver is positioned to deliver meaningful production growth in the near term.

Article Source: https://usanewsgroup.com/2025/06/04/mining-giants-missed-the-big-prize-a-juniors-back-for-the-precious-metals/

CONTACT:

USA NEWS GROUP
info@usanewsgroup.com
(604) 265-2873

DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. USA News Group is a wholly owned subsidiary of Market IQ Media Group, Inc. (‘MIQ’). This content is being distributed for Baystreet.ca media Corp, who has been paid a fee for an advertising contract with Magma Silver Corp. MIQ has not been paid a fee for Magma Silver Corp. advertising or digital media, but the owner/operators of MIQ also co-own Baystreet.ca Media Corp. (‘BAY’) There may also be 3rd parties who may have shares of Magma Silver Corp. and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ/BAY does not own any shares of Magma Silver Corp. but reserve the right to buy and sell and will buy and sell shares of Magma Silver Corp. at any time without any further notice commencing immediately and ongoing. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material, including this article, which is disseminated by MIQ on behalf of BAY has been approved by Magma Silver Corp. Technical information relating to and published by Magma Silver Corp. has been reviewed and approved by Jeffrey Reeder , PGeo, a Qualified Person as defined by National Instrument 43-101. Mr. Reeder is a Technical Advisor of Magma Silver Corp., and therefore is not independent of the Company; this is a paid advertisement, we currently do not own any shares of Magma Silver Corp. but will likely buy and sell shares of the company in the open market, or through private placements, and/or other investment vehicles.

While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.

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Kazatomprom Cuts 2026 Uranium Output as Market Tightens, Demand Seen Rising

Kazakhstan’s state-owned uranium giant Kazatomprom will scale back production in 2026, saying that current supply and demand dynamics do not justify a return to full capacity even as long-term prices hold firm.

The company, which accounts for more than one-fifth of the world’s primary uranium output, said it expects to lower production by roughly 10 percent compared with earlier targets, reducing its nominal output level from 32,777 metric tons of uranium (tU) to 29,697 tU.

That equates to a drop of around 8 million pounds of uranium, or about 5 percent of global supply. Most of the reduction will come from adjustments at its Budenovskoye joint venture.

“As the world’s largest producer and seller of natural uranium, Kazatomprom fully recognises the critical role the Company has in supporting the global energy transition,” Chief Executive Meirzhan Yussupov said, as the miner released its first half 2025 results.

Kazatomprom said the present market environment does not warrant lifting production to its previous 100 percent level. The long-term uranium price has remained stable at around US$80 per pound, despite volatility in spot markets and financial uncertainty tied to tariff disputes.

Instead, Kazatomprom said it plans to “exercise its downflex opportunity within the acceptable 20 percent deviation under the updated 2026 Subsoil Use production levels.” It added that the actual guidance for the 2026 output will be released in a later disclosure.

The company further added that supplies of sulphuric acid, a critical reagent for the in-situ recovery (ISR) mining method used across its operations, are expected to be stable in 2026.

Kazatomprom also pointed to Kazakhstan’s own nuclear energy ambitions. The government has floated plans for three nuclear power plants, each of which would require about 400 metric tons (1.04 million pounds) of uranium annually.

Financially, the announcement accompanied weaker half-year results. Kazatomprom reported a 54 percent fall in net profit to 263.2 billion Kazakhstani tenge (around US$489.5 million) in the first six months of 2025, compared with the same period a year earlier. Revenue further slipped 6 percent to 660.2 billion tenge due to lower sales volumes.

In August 2024, the company cut its 2025 uranium output forecast by 12–17 percent amid a sulfuric acid shortage. Its new acid plant won’t be ready until at least 2026, while higher mineral extraction taxes starting which commenced earlier this year are set to raise costs and erode its traditional competitive edge.

Even as it trims output targets, Kazatomprom stressed that it is pushing ahead with large-scale exploration programs across Kazakhstan. The initiatives are aimed at replenishing reserves and safeguarding the company’s status as the leading global supplier of nuclear fuel.

“Kazatomprom is currently undertaking a large-scale exploration in Kazakhstan, which is a top priority for replenishing its resource base and maintaining its leading position as a global nuclear fuel supplier,” Yussupov said.

Potential market deficit ahead

​Although Kazatomprom has seen a decline in profits, sector major Cameco (TSX:CCO,NYSE:CCJ) registered growth in Q2 2025, and is anticipating a broad uptick in global demand.

​“We believe that supportive government policies, the tangible actions of energy-intensive industries, and positive public conversations are all pointing to a global convergence: nuclear energy is a critical solution for providing clean, constant, secure and reliable power to electrify global economies, wrote Tim Gitzel, Cameco’s president and CEO.​​

​
Uranium’s key role in clean energy has prompted FocusEconomics analysts to forecast uranium prices to stay well above 2010s levels through the decade, with price projected in the US$65 to US$80 per pound range.

The World Nuclear Association (WNA) projects demand will rise 28 percent by 2030, outpacing an 18 percent supply increase, driven by emerging-market growth, AI-related power needs, modular reactor adoption and energy security concerns.

Primary uranium production from mines, conversion and enrichment plants meets most global reactor demand, with secondary supplies helping bridge short-term gaps.

‘However, secondary supply is projected to have a gradually diminishing role in the world market, decreasing from the current level in supplying 11-14 percent of reactor uranium requirements to 4-11 percent in 2050,’ notes the WNA’s recent Nuclear Fuel Report.

Despite the looming shortfall, FocusEconomics analysts don’t anticipate a return to 2024’s highs, when prices overshot fundamentals amid investor exuberance.

“Supply/demand dynamics are supportive of higher uranium prices: We forecast a structural supply deficit of ~20 million pounds in 2025 to grow to ~130 million pounds by 2040, or representing 40 percent-45 percent undersupply,’ an email from FocusEconomics stated. ‘This view is supported by increasing demand for uranium as the global nuclear fleet expands to support growing power needs amid a lack of meaningful potential supply to come online.”

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

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

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Alvopetro Announces Production Results from Murucututu 183-D4 Well and an Operational Update

Alvopetro Energy Ltd. (TSXV: ALV,OTC:ALVOF) (OTCQX: ALVOF) announces initial production results from our recently completed 183-D4 Murucututu well (100% working interest) and an operational update.

President & CEO, Corey C. Ruttan commented:

‘The initial results from our 183-D4 well are extremely encouraging and have allowed us to post record daily natural gas production levels from our 100% owned Murucututu asset. This result reinforces our vision for Murucututu and our long-term growth objectives.’

Operational Update

Brazil

On our 100% owned Murucututu field, the 183-D4 well was drilled in the second quarter to a total measured depth of 3,072 metres. The well encountered the Caruaçu Member of the Maracangalha Formation 106 metres structurally updip of our 183-A3 well which has been on production since the fourth quarter of 2024. Based on cased-hole gamma ray logs and normalized gas while drilling, the well encountered potential natural gas pay in the Caruaçu Member of the Maracangalha Formation, with an aggregate 61 metres total vertical depth (‘TVD’) of potential natural gas pay between 2,439 and 2,838 metres TVD. We completed the well in seven intervals. The well went through an initial 116-hour cleanup period, recovering 2,620 barrels of completion fluid and 132 barrels of natural gas liquids. After this initial cleanup period, we flowed the well for 70 hours at a constant 32/64’choke at an average rate of 162 e 3 m 3 /d (5.7 MMcfpd, 953 boepd) with a 1,401psi flowing wellhead pressure. During this period, we also recovered a total of 995 barrels of completions fluid and 174 barrels of natural gas liquids. Average natural gas liquids (condensate) production during the flow period was 60 boepd. The flow rate over the last hour was 161 e 3 m 3 /d (5.7 MMcfpd, 947 boepd) with 1,384 psi flowing wellhead pressure. There are 12,190 barrels of 15,806 barrels of completions fluid left to recover. Given these extremely strong production results we are currently producing the Murucututu field from this single well as we are limited by our current facility capacity at Murucututu. As we continue to monitor these initial flow results, we will be evaluating options to improve production capacity of the system to allow for more production from the Murucututu field.

Our joint development on the unitized area (‘the Unit’) which includes our Caburé field commenced in the second quarter and four wells (2.2 net) have now been drilled. We have just commenced the completion program and expect to have the additional production online by the end of the third quarter. These development wells were primarily drilled to extend and enhance the productive plateau of the Unit and the results will also be incorporated into future Unit working interest redeterminations. The timing of drilling the fifth development well (0.6 net) is subject to the receipt of all necessary regulatory approvals.

Development Activities – Western Canada

In June, we further expanded our joint Mannville focused land based to 17,780 gross acres (8,890 net acres) and in July, two additional multi-lateral wells (1.0 net) were drilled with an aggregate of over 19 kilometers of open hole reservoir contact. Both wells have been completed and equipped and have just commenced production. Following a clean-up flow period, we will commence oil sales from these two new wells.

Corporate Presentation

Alvopetro’s updated corporate presentation is available on our website at: http://www.alvopetro.com/corporate-presentation .

Social Media

Follow Alvopetro on our social media channels at the following links:

Twitter – https://twitter.com/AlvopetroEnergy
Instagram – https://www.instagram.com/alvopetro/
LinkedIn – https://www.linkedin.com/company/alvopetro-energy-ltd

Alvopetro Energy Ltd. is deploying a balanced capital allocation model where we seek to reinvest roughly half our cash flows into organic growth opportunities and return the other half to stakeholders. Alvopetro’s organic growth strategy is to focus on the best combinations of geologic prospectivity and fiscal regime. Alvopetro is balancing capital investment opportunities in Canada and Brazil where we are building off the strength of our Caburé and Murucututu natural gas fields and the related strategic midstream infrastructure.

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 news release.

Abbreviations:

boepd                    =

barrels of oil equivalent (‘boe’) per day

bopd                      =

barrels of oil and/or natural gas liquids (condensate) per day

e 3 m 3 /d                   =

thousand cubic metre per day

m 3 =

cubic metre

m 3 /d                      =

cubic metre per day

Mcf                        =

thousand cubic feet

Mcfpd                    =

thousand cubic feet per day

MMcf                     =

million cubic feet

MMcfpd                 =

million cubic feet per day

NGLs                    =

natural gas liquids (condensate)

psi                         =

pounds per square inch

BOE Disclosure

The term barrels of oil equivalent (‘boe’) may be misleading, particularly if used in isolation. A boe conversion ratio of six thousand cubic feet per barrel (6 Mcf/bbl) of natural gas to barrels of oil equivalence is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. All boe conversions in this news release are derived from converting gas to oil in the ratio mix of six thousand cubic feet of gas to one barrel of oil.

Well Results

Data obtained from the 183-D4 well identified in this press release, including cased-hole logging data, potential net pay and initial production results should be considered preliminary. There is no representation by Alvopetro that the data relating to the 183-D4 well contained in this press release is necessarily indicative of long-term performance or ultimate recovery. The reader is cautioned not to unduly rely on such data as such data may not be indicative of future performance of the well or of expected production or operational results for Alvopetro in the future.

Forward-Looking Statements and Cautionary Language

This news release contains forward-looking information within the meaning of applicable securities laws. The use of any of the words ‘will’, ‘expect’, ‘intend’, ‘plan’, ‘may’, ‘believe’, ‘estimate’, ‘forecast’, ‘anticipate’, ‘should’ and other similar words or expressions are intended to identify forward-looking information. Forward‐looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not such results will be achieved. A number of factors could cause actual results to vary significantly from the expectations discussed in the forward-looking statements. These forward-looking statements reflect current assumptions and expectations regarding future events. Accordingly, when relying on forward-looking statements to make decisions, Alvopetro cautions readers not to place undue reliance on these statements, as forward-looking statements involve significant risks and uncertainties. More particularly and without limitation, this news release contains forward-looking statements concerning future production and sales volumes, the expected timing of production and sales commencement from certain wells, and plans relating to the Company’s operational activities, proposed development activities and the timing for such activities. Forward-looking statements are necessarily based upon assumptions and judgments with respect to the future including, but not limited to the success of future drilling, completion, testing, recompletion and development activities and the timing of such activities, the performance of producing wells and reservoirs, well development and operating performance, expectations and assumptions concerning the timing of regulatory licenses and approvals, equipment availability, environmental regulation, including regulations relating to hydraulic fracturing and stimulation, the ability to monetize hydrocarbons discovered, the outlook for commodity markets and ability to access capital markets, foreign exchange rates, the outcome of any disputes, the outcome of redeterminations, general economic and business conditions, forecasted demand for oil and natural gas, the impact of global pandemics, weather and access to drilling locations, the availability and cost of labour and services, and the regulatory and legal environment and other risks associated with oil and gas operations. The reader is cautioned that assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be incorrect. Actual results achieved during the forecast period will vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors. Current and forecasted natural gas nominations are subject to change on a daily basis and such changes may be material. In addition, the declaration, timing, amount and payment of future dividends remain at the discretion of the Board of Directors. Although we believe that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because we can give no assurance that they will prove to be correct. Since forward looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, risks associated with the oil and gas industry in general (e.g., operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production, costs and expenses, reliance on industry partners, availability of equipment and personnel, uncertainty surrounding timing for drilling and completion activities resulting from weather and other factors, changes in applicable regulatory regimes and health, safety and environmental risks), commodity price and foreign exchange rate fluctuations, market uncertainty associated with trade or tariff disputes, and general economic conditions. The reader is cautioned that assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be incorrect. Although Alvopetro believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Alvopetro can give no assurance that it will prove to be correct. Readers are cautioned that the foregoing list of factors is not exhaustive. Additional information on factors that could affect the operations or financial results of Alvopetro are included in our AIF which may be accessed on Alvopetro’s SEDAR+ profile at www.sedarplus.ca . The forward-looking information contained in this news release is made as of the date hereof and Alvopetro undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

www.alvopetro.com
TSX-V: ALV, OTCQX: ALVOF

SOURCE Alvopetro Energy Ltd.

View original content: http://www.newswire.ca/en/releases/archive/August2025/25/c1020.html

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Pan American Silver Gets Green Light for US$2.1 Billion MAG Silver Deal

Pan American Silver (TSX:PAAS,NYSE:PAAS) is set to close its US$2.1 billion acquisition of MAG Silver (TSX:MAG,NYSEAMERICAN:MAG) after receiving final clearance from Mexico’s Federal Economic Competition Commission (COFECE), cementing one of the year’s largest transactions in the sector.

The approval clears the way for the all-cash-and-stock deal to be completed on or about September 4, 2025, the companies announced Monday (August 25).

Under the terms of the arrangement, MAG shareholders will receive either US$20.54 in cash per share or the default consideration of US$0.0001 in cash plus 0.755 of a Pan American share for each MAG share held.

According to company filings, Pan American expects to issue about 60 million shares to MAG shareholders when the deal closes, leaving them with roughly 14 percent of the combined company on a fully diluted basis.

The transaction values MAG at about US$2.1 billion, representing a 21 percent premium to its closing price and a 27 percent premium to its 20-day volume-weighted average price on the NYSE American as of May 9, when the deal was announced.

For Pan American, one of the world’s largest primary silver producers, the prize is MAG’s 44 percent joint-venture stake in the Juanicipio mine in Mexico’s Fresnillo Silver Trend.

The large-scale underground operation is among the world’s highest-grade primary silver mines, producing 4.5 million ounces of silver in the first quarter of 2025 alone at an all-in sustaining cost of US$10.64 per ounce of silver equivalent. Annual output this year is forecast between 14.7 million and 16.7 million ounces.

“This strategic acquisition further solidifies Pan American as a leading Americas-focused silver producer,” said Michael Steinmann, Pan American’s president and CEO, in the May deal announcement.

“Our acquisition of MAG brings into Pan American’s portfolio one of the best silver mines in the world. Juanicipio is a large-scale, high-grade, low-cost silver mine that will meaningfully increase Pan American’s exposure to high margin silver ounces.”

Steinmann added that the deal also gives Pan American future growth opportunities through MAG’s exploration properties in Utah and Ontario.

Consolidation wave in silver

The Pan American–MAG tie-up continues a consolidation trend recently sweeping the silver mining sector.

Rising prices, with spot silver climbing more than 13 percent this year, and investor appetite for scale have driven a string of multi-billion-dollar mergers.

Recent transactions include First Majestic Silver’s (TSX:FR,NYSE:AG) US$970 million takeover of Gatos Silver (TSX:NYSE:GATO) Coeur Mining’s (NYSE:CDE) US$1.7 billion acquisition of SilverCrest Metals (TSX:SIL), and Endeavour Silver’s (TSX:EDR,NYSE:EXK) US$145 million purchase of Minera Kolpa in Peru.

Pan American operates 10 mines across Canada, Mexico, Peru, Brazil, Bolivia, Chile and Argentina, and also owns the Escobal mine in Guatemala, currently on care and maintenance.

For MAG, the deal marks the end of its run as an independent company, but gives its shareholders a stake in a significantly larger producer.

In addition to Juanicipio, MAG has been advancing the Deer Trail Project in Utah and the Larder Project in Ontario’s Abitibi region. Those properties will now shift under Pan American’s control.

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

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Crescent Energy Boosts Status with US$3.1 Billion Vital Energy Buyout

Crescent Energy (NYSE:CRGY) has agreed to acquire rival Vital Energy (TSXV:VUX,OTC:SNYXF) in an all-stock, US$3.1 billion transaction that will vault the Houston-based firm into the ranks of the 10 largest independent oil and gas producers in the United States.

The combined company will hold operations across several major US oil basins, including the Eagle Ford, Permian, and Uinta, with more than a decade of high-quality drilling inventory.

Crescent said it intends to apply its “lower activity, higher free cash flow” approach to the newly acquired assets, targeting improved investor returns through disciplined capital allocation.

The company projects US$90 million to US$100 million in immediate annual synergies from the merger. It also highlighted plans to divest up to US$1 billion in non-core assets to strengthen its balance sheet and improve capital flexibility.

The deal will create the largest US liquids-weighted producer without an investment grade credit rating, but management signaled that a stronger balance sheet and synergies will push the company closer to that status.

Under the terms of the agreement, Vital shareholders will receive 1.9062 shares of Crescent Class A common stock for each Vital share, representing a 15 percent premium to Vital’s 30-day average trading price as of Friday (August 22).

When the deal closes, Crescent shareholders will own about 77 percent of the combined company and Vital shareholders roughly 23 percent.

“This transaction is transformative for Crescent and consistent with our strategy,” said Crescent Chairman John Goff. “Crescent’s impressive trajectory of returns-driven growth through M&A has cemented the company as a top ten independent, with line of sight to an investment grade credit rating.”

Crescent CEO David Rockecharlie called the deal “compelling value for all shareholders,” stressing the company’s free cash flow model and US$1 billion divestiture pipeline will drive sustainable growth.

Shares of Vital Energy rose more than 10 percent on Monday (August 25) to US$17.43 following the announcement, while Crescent stock fell 7.6 percent to US$9.19.

For Crescent, the acquisition marks another step in its M&A-driven growth strategy.

Last year, the company completed its US$2.1 billion merger with SilverBow Resources, significantly expanding its position in the Eagle Ford Shale.

Oil market rebounds

More broadly, the oil market has started the week on a positive note.

After slipping to US$64.98 and US$61.97 on August 13, Brent and WTI crude (respectively) have been steadily climbing, nearing a three week high Monday, when values reached US$69.06 (Brent) and US$65.01.

The gain has been linked to a significant 6 million–barrel drawdown in US crude inventories signaling stronger-than-expected demand, supporting a recovery after several weeks of losses.

Additionally, tight global supplies and geopolitical uncertainty linked to stalled Ukraine peace negotiations added tailwinds. However, rising OPEC+ output forecasts continue to weigh on long-term sentiment, placing a ceiling on further upside.

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

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