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George Clooney is keeping quiet after Hunter Biden unleashed a string of vulgar attacks on the Hollywood actor.

Hunter, 55, accused Clooney, 64, of turning on his father, former President Joe Biden, and helping lead the charge to push him out of the 2024 race. 

‘I love George Clooney’s movies, but I don’t really give a s— what he thinks about who should be the nominee for the Democratic Party,’ Hunter said on the ‘At Our Table’ podcast. 

‘I was about to say I really like George Clooney as an actor, but the truth of the matter is, the truth is, I’ll be honest, I really don’t like George Clooney as an actor or as a person.’

Hunter recalled tensions between Clooney and his father behind the scenes at an event prior to the election.

‘George Clooney, before that event … literally threatened to pull out of the event — how many times? Five, six times? Over and over again, saying that he was so upset because my dad refused to recognize the arrest warrant for Netanyahu,’ Hunter said as he referred to the prime minister of Israel, Benjamin Netanyahu.

Hunter claimed Clooney’s behavior at the event was distant and alleged the actor only stayed for five minutes, spoke to no one except Barack Obama and ignored the rest of the crowd.

‘Literally, I was whispering in [Biden’s] ear saying, ‘Dad, f— him.’ … You got to be kidding me because I was so mad,’ Hunter added. ‘And he claims in his arrogance that my dad, the president of the United States, didn’t know who the actor was.’

Reps for Clooney did not immediately respond to Fox News Digital’s request for comment. 

Clooney has yet to comment publicly on Hunter’s comments, even as the president’s son continues his media blitz.

In a separate appearance with Andrew Callaghan on his ‘Channel 5’ podcast over the weekend, Hunter’s criticism of Clooney escalated into a full-blown, hourslong meltdown accusing the ‘Ocean’s 11’ star of sabotaging his father’s re-election effort.

Hunter said the alleged move was made with ‘the blessing’ of former President Obama and his cohorts.

‘F— him! F— him and f— everybody around him,’ Hunter said bluntly. ‘I don’t have to be f—ing nice. No. 1, I agree with Quentin Tarantino. George Clooney is not a f—ing actor. He is a f—ing, I don’t know what he is. He’s a brand.’

The former president’s son’s rage emerged as they discussed Clooney’s infamous New York Times op-ed, which was published days after his father’s widely criticized debate performance. 

Clooney called for Biden to step aside as the Democratic nominee at the time. 

‘It’s devastating to say it, but the Joe Biden I was with three weeks ago at the fundraiser was not the Joe ‘big f—ing deal’ Biden of 2010. He wasn’t even the Joe Biden of 2020,’ Clooney wrote. ‘He was the same man we all witnessed at the debate.’

Clooney’s statement appeared to trigger a furious response from Hunter, who blasted the actor for spreading what he called false claims about his father’s mental health. 

‘Why do I have to f—ing listen to you?’ Hunter asked during the podcast. ‘What do you have to do with f—ing anything?… What right do you have to step on a man who’s given 52 years of his f—ing life to the service of this country and decide that you, George Clooney, are going to take out basically a full-page ad in the f—ing New York Times to undermine the president?’

Biden withdrew from the race July 21, 2024, and was replaced on the Democratic ticket by Kamala Harris.

Hunter also noted Clooney was friends with former President Obama and only published his essay with the ‘blessing of the Obama team.’ 

‘You know what George Clooney did? Because he sat down with, I guess, because he was given a blessing by the Obama team, the Obama people and whoever else,’ he said. 

In April, Clooney spoke with CNN’s Jake Tapper about writing the op-ed, saying it was his ‘civic duty.’

‘It was a civic duty because I found that people on my side of the street — you know, I’m a Democrat in Kentucky, so I get it. When I saw people on my side of the street not telling the truth, I thought that was time to … some people [are mad], sure. That’s OK, you know. Listen, the idea of freedom of speech is you can’t demand freedom of speech and then say, ‘But don’t say bad things about me,‘’ Clooney said.

While on ‘The Late Show with Stephen Colbert’ in February, Clooney spoke about Harris losing to Donald Trump in the presidential election. 

‘I was raised a Democrat in Kentucky … and you know I’ve lost a lot of elections. … You know, this is democracy and this is how it works,’ he said.

‘It didn’t work out. That’s what happens. It’s part of democracy. … And, you know, there’s people that agree and people who disagree, and most of us still like each other. We’re all gonna get through it.’

Clooney spoke about President Trump again in April during an interview with Patti LuPone for Variety’s ‘Actors on Actors: Broadway.’

‘He’s charismatic. There’s no taking that away from him. He’s a television star. But eventually we’ll find our better angels. We have every other time,’ he said.

‘If you’re a Democrat, we have to find some people to represent us better, who have a sense of humor and who have a sense of purpose. I think we’ll get the House back in a year and a half, and I think that’ll be a check and balance on power.’

Earlier this year, Clooney was thrust into the spotlight as questions about his family’s future in the U.S. under President Trump’s administration arose.

Clooney’s wife, Amal, is an international human rights lawyer born in Lebanon and raised in the U.K., and she holds legal credentials in both Britain and the United States. 

Amal reportedly gave legal advice in a war crimes case against Israeli Prime Minister Netanyahu and Israeli Defense Minister Yoav Gallant over the war in Gaza, according to the Financial Times.

A Trump executive order claimed the court ‘engaged in illegitimate and baseless actions targeting America and our close ally Israel. The ICC has, without a legitimate basis, asserted jurisdiction over and opened preliminary investigations concerning personnel of the United States and certain of its allies, including Israel, and has further abused its power by issuing baseless arrest warrants targeting Israeli Prime Minister Benjamin Netanyahu and Former Minister of Defense Yoav Gallant.

‘The United States will impose tangible and significant consequences on those responsible for the ICC’s transgressions, some of which may include the blocking of property and assets, as well as the suspension of entry into the United States of ICC officials, employees, and agents, as well as their immediate family members.’ 

Clooney proposed to Amal in April 2014, and the couple married five months later in Venice, Italy. In 2017, the Clooneys welcomed twins Alexander and Ella.  

Fox News Digital’s Tracy Wright contributed to this report.

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In a damning new report, researchers reveal how China came to control over 80% of the critical raw battery materials needed for defense technology — posing an urgent national security threat.

Through lax permitting processes, weak environmental standards, and aggressive state-led interventions, China has come to dominate global supplies of graphite, cobalt, manganese, and the battery anode and cathode materials that power advanced defense systems.

‘Batteries will be one of the bullets of future wars,’ the report’s authors warn, citing their essential role in drones, handheld radios, autonomous submersibles, and emerging capabilities like lasers and directed energy weapons.

According to the Foundation for Defense of Democracies (FDD), the Chinese Communist Party (CCP) has weaponized global battery infrastructure through a combination of state subsidies, forced intellectual property transfers, and predatory pricing practices.

China didn’t just rely on low-cost tactics — it also used its financial muscle abroad. Over the past two decades, at least 26 state-backed banks have pumped roughly $57 billion into mining and processing projects in Africa, Latin America, and beyond. These investments, often structured through joint ventures and special-purpose vehicles, gave Chinese firms controlling stakes in mineral mining, the report said. 

Through its Belt and Road Initiative, China has leveraged influence in resource-rich developing nations, securing control over massive critical mineral deposits. Today, it processes approximately 65% of the world’s lithium, 85% of graphite, 70% of cathodes, 85% of anodes, and a staggering 97% of anode active materials.

Beyond powering drones, handheld radios, and electric vehicles, lithium is critical in strategic military systems: lithium-ion batteries are used in grid support for bases and emerging directed-energy weapons.

Moreover, Beijing has begun weaponizing export controls: since 2023, it has tightened restrictions on processed graphite, gallium, and germanium — later adding antimony, tungsten, and rare earths to the roster. These measures curb exports via a licensing regime and broad bans on exports to the U.S., signaling a clear geopolitical leverage too, according to the report. 

Both lithium and graphite are essential for modern nuclear weapons. Cobalt alloys are used in jet engines, naval turbines, electronics connectors, and sensors capable of withstanding extreme temperatures, vibration, and radiation-making. 

While American and allied reserves of lithium — both brine and hard rock — are being tapped, with new projects in North and South Carolina targeting domestic spodumene processing, the report claims U.S. mineral mining and refining are not advancing quickly enough to meet national security demands.

Permitting obstacles account for roughly 40% of all delays in mining projects, the report notes, with processing operations facing similarly cumbersome constraints.

Chinese subsidies ‘dwarf’ those available to U.S. firms, and include tax exemptions, direct manufacturing grants, and ultra-low-interest loans, the report said. 

U.S. firms are now accelerating investment in domestic alternatives to China’s lithium. With new Trump administration initiatives aimed at incentivizing critical mineral development—and forecasts projecting the U.S. lithium market to grow by roughly 500% over the next five years — American companies are beginning to build out processing capacity on home soil. 

Piedmont Lithium is developing a lithium hydroxide facility in North Carolina to process spodumene concentrate from its U.S. deposits, while Albemarle recently announced plans for a new lithium processing plant in Chester County, South Carolina. Both projects are designed to feed a fast-growing domestic battery ecosystem and reduce dependence on Chinese supply chains.

But to become globally competitive, the report argues, the U.S. must take a far more proactive approach, including incentivizing private-sector investment, streamlining federal permitting, establishing a national critical minerals stockpile, building technical talent pipelines, creating special economic zones, and developing robust domestic processing infrastructure.

The authors also stress the importance of ally-shoring, recommending diplomatic coordination with trusted partners — similar to prior U.S. efforts involving Ukraine, Greenland, and the DRC in rare-earth sourcing — to construct resilient supply chains beyond China’s reach.

‘Despite China’s control of the battery supply chain, this is a time of great vulnerability for Beijing, while the United States and its core allies remain strong,’ the report concludes. 

‘It is time for new guardrails, muscular statecraft, and a unified international response to non-market manipulation. Building critical supply chains that are independent of China’s coercive economic practices can help unleash a wave of cooperation among free-market nations that will lift up both established allies and emerging market partners and turn the tide against China’s parasitic economic model.’

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The Senate narrowly voted to move forward with considering the nomination of former Trump lawyer Emil Bove to a federal court of appeals on Tuesday.

The 50-48 vote saw one Republican break ranks and vote against his nomination, while Democrats have done everything in their power to slow down the nomination. Bove, who currently works at the Justice Department, is nominated to serve on the 3rd U.S. Circuit Court of Appeals.

Democrats have argued that Bove, a former defense attorney for President Donald Trump, is unfit for the role, pointing to allegations that he proposed behind closed doors that the Trump administration could simply ignore judicial orders. Bove denies those allegations.

Sen. Susan Collins, R-Maine, voted with Republicans to move forward but said in a statement that she will oppose Bove’s confirmation on a final vote. Alaska Sen. Lisa Murkowski was the lone Republican to vote against moving forward with Bove’s nomination.

‘We have to have judges who will adhere to the rule of law and the Constitution and do so regardless of what their personal views may be,’ Collins said in a statement. ‘Mr. Bove’s political profile and some of the actions he has taken in his leadership roles at the Department of Justice cause me to conclude he would not serve as an impartial jurist.’

Democrats on the Senate Judiciary Committee stormed out of the meeting where the committee approved Bove last week.

Sen. Cory Booker, D-N.J., attempted to push for more debate time, but Chairman Chuck Grassley, R-Iowa, pushed forward with the vote.

‘What are you afraid of?’ Booker erupted, after Grassley tried to speak over him and hold the vote. ‘Debating this [nomination], putting things on the record — Dear God,’ he said, ‘that’s what we are here for.’

 ‘What are they saying to you,’ he said, referring to the Trump administration, ‘that is making you do something to violate the decorum, the decency and the respect of this committee to at least hear each other out?’

Booker ended the sharp exchange with Grassley by saying simply, ‘This is wrong, sir, and I join with my colleagues in leaving,’ before streaming out of the committee room.

It comes as Trump administration officials have taken aim at ‘activist’ judges they argue are blocking the president’s agenda and preventing him from enacting his sweeping policy goals, including the administration’s crackdown on border security and immigration.

Fox News’ Breanne Deppisch and The Associated Press contributed to this report.

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The intelligence community did not have any direct information that Russian President Vladimir Putin wanted to help elect Donald Trump during the 2016 presidential election, but, at the ‘unusual’ direction of then-President Barack Obama, published ‘potentially biased’ or ‘implausible’ intelligence suggesting otherwise, the House Intelligence Committee found.

Director of National Intelligence Tulsi Gabbard declassified a report prepared by the House Permanent Select Committee on Intelligence back in 2020.

The report, which was based on an investigation launched by former House Intelligence Community Chairman Devin Nunes, R-Calif., was dated Sept. 18, 2020. At the time of the publication of the report, Rep. Adam Schiff, D-Calif., was the chairman of the committee.

The report has never before been released to the public, and instead, has remained highly classified within the intelligence community.

Fox News Digital obtained the unredacted and fully-sourced limited-access investigation report that was drafted and stored in a limited-access vault at CIA Headquarters.

The committee focused on the creation of the Intelligence Community Assessment of 2017, in which then-CIA Director John Brennan pushed for the inclusion of the now-discredited anti-Trump dossier, despite knowing it was based largely on ‘internet rumor,’ as Fox News Digital previously reported.

According to the report, the ICA was a ‘high-profile product ordered by the President, directed by senior IC agency heads, and created by just five CIA analysts, using one principal drafter.’

‘Production of the ICA was subject to unusual directives from the President and senior political appointees, and particularly DCIA,’ the report states. ‘The draft was not properly coordinated within CIA or the IC, ensuring it would be published without significant challenges to its conclusions.’

The committee found that the five CIA analysts and drafter ‘rushed’ the ICA’s production ‘in order to publish two weeks before President-elect Trump was sworn-in.’

‘Hurried coordination and limited access to the draft reduced opportunities for the IC to discover misquoting of sources and other tradecraft concerns,’ the report states.

The report states that Brennan ‘ordered the post-election publication of 15 reports containing previously collected but unpublished intelligence, three of which were substandard—containing information that was unclear, of uncertain origin, potentially biased, or implausible—and those became foundational sources for the ICA judgements that Putin preferred Trump over Clinton.’

‘The ICA misrepresented these reports as reliable, without mentioning their significant underlying flaws,’ the committee found.

‘One scant, unclear, and unverifiable fragment of a sentence from one of the substandard reports constitutes the only classified information cited to suggest Putin ‘aspired’ to help Trump win,’ the report states, adding that the ICA ‘ignored or selectively quoted reliable intelligence reports that challenged-and in some cases undermined—judgments that Putin sought to elect Trump.’

The report also states that the ICA ‘failed to consider plausible alternative explanations of Putin’s intentions indicated by reliable intelligence and observed Russian actions.’

The committee also found that two senior CIA officers warned Brennan that ‘we don’t have direct information that Putin wanted to get Trump elected.’

Despite those warnings, the Obama administration moved to publish the ICA.

The ICA ‘did not cite any report where Putin directly indicated helping Trump win was the objective.’

The ICA, according to the report, excluded ‘significant intelligence’ and ‘ignored or selectively quoted’ reliable intelligence in an effort to push the Russia narrative.

The report also includes intelligence from a longtime Putin confidant who explained to investigators that ‘Putin told him he did not care who won the election,’ and that Putin ‘had often outlined the weaknesses of both major candidates.’

The report also states that the ICA committed context showing that the claim that Putin preferred Trump was ‘implausible—if not ridiculous.’

The committee also found that the ICA suppressed intelligence that showed that Russia was actually planning for a Hillary Clinton victory because ‘they knew where [she] stood’ and believed Russia ‘could work with her.’

The committee also noted that the ICA ‘did not address why Putin chose not to leak more discrediting material on Clinton,’ even as polls tightened in the final weeks of the election.’

The committee also found that the ICA suppressed intelligence showing that Putin was ‘not only demonstrating a clear lack of concern for Trump’s election fate,’ but also indicated ‘that he preferred to see Secretary Clinton elected, knowing she would be a more vulnerable President.’

The declassification of the report comes just days after Gabbard declassified and released documents that included ‘overwhelming evidence’ that demonstrated how, after President Donald Trump won the 2016 election against Hillary Clinton, then-President Barack Obama and his national security team laid the groundwork for what would be the yearslong Trump–Russia collusion probe.

Meanwhile, Fox News Digital, in 2020, exclusively obtained the declassified transcripts from Obama-era national security officials’ closed-door testimonies before the House Intelligence Committee, in which those officials testified that they had no ’empirical evidence’ of a conspiracy between the Trump campaign and Russia in the 2016 election, but continued to publicly push the ‘narrative’ of collusion.

The House Intelligence Committee, in 2017, conducted depositions of top Obama intelligence officials, including Director of National Intelligence James Clapper, National Security Advisor Susan Rice and Attorney General Loretta Lynch, among others.

The officials’ responses in the transcripts of those interviews align with the results of former Special Counsel Robert Mueller’s investigation – which found no evidence of criminal coordination between the Trump campaign and Russia in 2016, while not reaching a determination on obstruction of justice.

The transcripts, from 2017 and 2018, revealed top Obama officials were questioned by House Intelligence Committee lawmakers and investigators about whether they had or had seen evidence of such collusion, coordination or conspiracy – the issue that drove the FBI’s initial case and later the special counsel probe.

‘I never saw any direct empirical evidence that the Trump campaign or someone in it was plotting/conspiring with the Russians to meddle with the election,’ Clapper testified in 2017. ‘That’s not to say that there weren’t concerns about the evidence we were seeing, anecdotal evidence…. But I do not recall any instance where I had direct evidence.’

Lynch also said she did ‘not recall that being briefed up to me.’

‘I can’t say that it existed or not,’ Lynch said, referring to evidence of collusion, conspiracy or coordination.

But Clapper and Lynch, and Vice President Joe Biden, were present in the Oval Office on July 28, 2016, when Brennan briefed Obama and Comey on intelligence he’d received from one of Hillary Clinton’s campaign foreign policy advisors ‘to vilify Donald Trump by stirring up a scandal claiming interference by the Russian security service.’ 

‘We’re getting additional insight into Russian activities from (REDACTED),’ Brennan’s handwritten notes, exclusively obtained by Fox News Digital in October 2020, read. ‘CITE (summarizing) alleged approved by Hillary Clinton a proposal from one of her foreign policy advisers to vilify Donald Trump by stirring up a scandal claiming interference by the Russian security service.’

Meanwhile, former U.S. Ambassador to the United Nations Samantha Power, according to the transcript of her interview to the House Intelligence Committee, was asked whether she had or saw any evidence of collusion or conspiracy.

Power replied: ‘I am not in possession of anything – I am not in possession and didn’t read or absorb information that came from out of the intelligence community.’

When asked again, she said: ‘I am not.’

Rice was asked the same question.

‘To the best of my recollection, there wasn’t anything smoking, but there were some things that gave me pause,’ she said, according to her transcribed interview, in response to whether she had any evidence of conspiracy. ‘I don’t recall intelligence that I would consider evidence to that effect that I saw… conspiracy prior to my departure.’

When asked whether she had any evidence of ‘coordination,’ Rice replied: ‘I don’t recall any intelligence or evidence to that effect.’

When asked about collusion, Rice replied: ‘Same answer.’

Former Deputy National Security Advisor Ben Rhodes was asked the same question during his House Intelligence interview.

‘I wouldn’t have received any information on any criminal or counterintelligence investigations into what the Trump campaign was doing, so I would not have seen that information,’ Rhodes said.

When pressed again, he said: ‘I saw indications of potential coordination, but I did not see, you know, the specific evidence of the actions of the Trump campaign.’

Meanwhile, former FBI Deputy Director Andrew McCabe was not asked that specific question but rather questions about the accuracy and legitimacy of the unverified anti-Trump dossier compiled by ex-British intelligence officer Christopher Steele.

McCabe was asked during his interview in 2017 what was the most ‘damning or important piece of evidence in the dossier that’ he ‘now knows is true.’

McCabe replied: ‘We have not been able to prove the accuracy of all the information.’

‘You don’t know if it’s true or not?’ a House investigator asked, to which McCabe replied: ‘That’s correct.’

After Trump’s 2016 victory and during the presidential transition period, Comey briefed Trump on the now-infamous anti-Trump dossier, containing salacious allegations of purported coordination between Trump and the Russian government. Brennan was present for that briefing, which took place at Trump Tower in New York City in January 2017.

The dossier was authored by Steele. It was funded by Clinton’s presidential campaign and the Democratic National Committee through the law firm Perkins Coie.

But Brennan and Comey knew of intelligence suggesting Clinton, during the campaign, was stirring up a plan to tie Trump to Russia, documents claim. It is unclear whether the intelligence community, at the time, knew that the dossier was paid for by Clinton and the DNC.

Brennan and Comey are now under FBI criminal investigation related to their activities connected to the Russia probe, after a criminal referral was sent by CIA Director John Ratcliffe to FBI Director Kash Patel.

Gabbard also sent the DOJ criminal referrals for those involved in the effort to create ‘manufactured’ and ‘politicized’ intelligence that led to the spreading of the Trump-Russia collusion narrative.

The Obama-era officials have been mum on the new revelations, but a spokesman for Obama on Tuesday made a rare public statement.

‘Out of respect for the office of the presidency, our office does not normally dignify the constant nonsense and misinformation flowing out of this White House with a response,’ Obama spokesman Patrick Rodenbush said in a statement. ‘But these claims are outrageous enough to merit one.’ 

‘These bizarre allegations are ridiculous and a weak attempt at distraction,’ Obama’s spokesman continued. ‘Nothing in the document issued last week undercuts the widely accepted conclusion that Russia worked to influence the 2016 presidential election but did not successfully manipulate any votes.’

He added: ‘These findings were affirmed in a 2020 report by the bipartisan Senate Intelligence Committee, led by then-Chairman Marco Rubio.’ 

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From drone swarms to gene-edited soldiers, the United States and China are racing to integrate artificial intelligence into nearly every facet of their war machines — and a potential conflict over Taiwan may be the world’s first real test of who holds the technological edge.

For millennia, victory in war was determined by manpower, firepower and the grit of battlefield commanders. However, in this ongoing technological revolution, algorithms and autonomy may matter more than conventional arms. 

‘War will come down to who has the best AI,’ said Arnie Bellini, a tech entrepreneur and defense investor, in an interview with Fox News Digital. 

U.S. planners now consider Taiwan the likely locus of a 21st-century great power conflict. Though America doesn’t formally ally with Taiwan, it has steadily armed the island and shifted its forces to focus on the Indo-Pacific. 

The Pentagon is responding with urgency, and nowhere is that transformation more visible than in the U.S. Army’s sweeping AI overhaul. 

The Army goes all-in: $36 billion AI investment

Under Defense Secretary Pete Hegseth’s leadership, the Army has launched a $36 billion modernization initiative aimed directly at countering China in the Indo-Pacific.

By 2026, each of its 10 active combat divisions will be equipped with roughly 1,000 drones, dramatically shifting the battlefield from crewed helicopters to autonomous systems.

Army leaders highlight that legacy weapons and bureaucratic lag are incompatible with future warfare. The new push includes AI-assisted command-and-control, real-world testing under challenging conditions in places like the Philippines and a rapid feedback model to keep doctrine updated.

Stopping wars before they start: Cyber + AI fusion

Beyond hardware, AI may prove most powerful in prevention. Bellini believes U.S. cyber espionage, combined with AI, could strike preemptively. ‘The United States is the very best at cyber espionage and cyber warfare… once you combine [that] with AI, you can stop a war before it even happens.’

This could involve infiltrating Chinese naval systems via cyber-AI tools and neutralizing threats before ships ever set sail.

Biotech on the battlefield: From medics to gene editing

AI isn’t just about machines — it’s changing biology too. The U.S. military is exploring AI-driven trauma care, synthetic blood and regenerative medicine to save lives.

However, China may be pushing the envelope further. ‘China has been one of the more forward-leaning countries in using biotech within its military,’ defense strategist Jack Burnham said. ‘In military hospitals, there is significant research on gene editing … some of this might be dual-use.’

Reports from intelligence chiefs and former DNI John Ratcliffe suggest China may be experimenting with gene-edited soldiers, raising alarms about the ethical gray zone of AI-biotech integration.

Will robots fight battles?

‘The future of warfare is not going to be with people,’ Bellini predicted. ‘It’s going to be robots. It’s going to be drones. And it’s the synchronization.’

Tesla is developing its ‘Optimus’ robot, he noted, complete with an AI-optimized ‘brain’ to complete chores that are ‘dangerous, repetitive and boring’ in warehouses, homes and even hazardous facilities like nuclear plants.

CEO Elon Musk has spoken out against using Optimus as a ‘killer robot,’ but still, foreign adversaries worry about the potential for dual use. 

China has imposed export restrictions on the rare-earth magnets needed for Optimus actuators, specifically requesting assurances that the units won’t be used for military purposes.

War-gaming for tomorrow’s conflict

U.S. forces are already simulating this future in AI-enhanced war games. Through these exercises, commanders learn to operate at AI pace — modeling logistics, battlefield flows, and adversaries at an unprecedented scale.

‘AI is really good at modeling logistics… visualizing and integrating vast quantities of data… [creating] a more immersive experience at a much larger scale,’ Burnham said.

‘These AI opponents are like intelligent enemies you’re playing against in a war game,’ explained Dr. Randall Hill, executive director of the University of Southern California’s Institute for Creative Technologies. ‘It’s important to train not just with AI but also about AI — so soldiers understand where to trust it and where its limits are.’

Hill’s team is developing tools like PAL3, a personalized AI teaching assistant for military trainees that adapts to individual learning speeds. ‘It’s about helping both humans and machines understand each other’s strengths and weaknesses,’ he said.

Ethical concerns: Who keeps a human in the loop?

The U.S. insists on a ‘human-in-the-loop’ for lethal AI decisions — but China may not, experts warn.

‘Here in the U.S., we are focused on ethical and legal decisions on the battlefield… our adversaries… might not be as worried about keeping a human in the loop,’ said RJ Blake, a former defense official.

Hill echoed this concern, emphasizing the need for AI systems to be interpretable and stress-tested rigorously.

‘We need protocols aligned with American values,’ he said. ‘The AI must be explainable and capable of justifying its conclusions — and humans must recognize when those systems are outside their trained boundaries.’

A new era of warfare

As AI redefines warfare — from cyber and command systems to autonomous weapons and biotech — it’s not just a war machine being built. It’s a system of systems, blending digital, physical and biological domains.

Should Beijing move against Taiwan, the battlefield may no longer be measured in tanks or missiles — but in algorithms, networks and gene sequences.

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The artificial intelligence arms race is entering a new phase as major industry players ramp up investments to keep up with their rivals.

In the span of just a few weeks, the world’s biggest tech firms have unveiled a flurry of moves aimed at shoring up their positions, ranging from massive chip and data center deals to fresh funding rounds.

Oracle bets big on OpenAI’s Stargate vision

OpenAI has expanded its partnership with Oracle (NYSE:ORCL) to deliver an additional 4.5 gigawatts of data center capacity in the US, pushing the total capacity of its Stargate AI infrastructure platform to over 5 gigawatts.

According to the company, the development will run on more than 2 million chips and is poised to play a central role in OpenAI’s push to reindustrialize American tech infrastructure while delivering what it describes as the ‘benefits of AI to everyone.’

The agreement with Oracle alone will also generate over 100,000 jobs in the US, spanning construction, operations, and manufacturing roles. Much of the current work is already underway at the Stargate I site in Abilene, Texas, where Oracle began delivering racks of Nvidia’s new GB200 chips last month.

“We now expect to exceed our initial commitment thanks to strong momentum with partners including Oracle and SoftBank,” OpenAI said in the statement.

The original commitment, announced at the White House earlier this year, involved a pledge to invest US$500 billion into 10 gigawatts of AI infrastructure in the US over four years.

Google moves to repair media ties with AI licensing push

Alphabet’s (NASDAQ:GOOGL) Google announced that it is in the early stages of negotiating licensing deals with roughly 20 national news outlets as part of a pilot program aimed at securing content for AI training and product integration.

“We’ve said that we’re exploring and experimenting with new types of partnerships and product experiences, but we aren’t sharing details about specific plans or conversations at this time,” a Google spokesperson said in a statement as reported by Bloomberg.

The company representative declined to confirm which media outlets had been approached.

The outreach follows growing pressure on major AI companies to compensate publishers whose content is increasingly used to train chatbots and generative search tools.

Tensions between Silicon Valley and news publishers have escalated over the past year. In December 2023, the New York Times filed a copyright lawsuit against OpenAI and Microsoft (NASDAQ:MSFT), alleging that their AI models were trained on millions of Times articles without permission.

At the same time, platforms like Google Search and its Gemini-powered “AI Overviews” have continued to draw content from publishers without offering direct compensation, prompting fears that generative AI could further erode traffic to original news sources.

Reka AI hits US$1 billion valuation in Nvidia-led funding round

While OpenAI and Google scale infrastructure and broker content deals, venture capital continues to flow into AI startups aiming to disrupt the model development space.

On Tuesday (July 22), Reka AI—a lesser-known player developing efficient large language models—announced a US$110 million Series B round that vaulted its valuation above US$1 billion.

The round was backed by NVIDIA Corporation (NASDAQ:NVDA) and Snowflake (NYSE:SNOW), among others.

Founded in 2022 by former researchers from Google and Meta, Reka claims it can build powerful foundation models with greater efficiency than its larger peers. The startup has also expanded its product offerings to include enterprise tools for application logic and interface development.

Snowflake, which previously held acquisition talks with Reka, now plans to integrate Reka’s models into its customer offerings.

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

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A Malian court has upheld the detention of four employees of Barrick Mining (TSX:ABX,NYSE:B), rejecting an appeal filed by the Canadian mining company as its dispute with the military-led government deepens.

According to a Bloomberg report, Judge Samba Sarr ruled Tuesday (July 22) that the appeal was unfounded, according to Barrick’s legal counsel, Alifa Habib Koné.

The employees have been held in pre-trial detention since November 2023 on charges including money laundering and financial misconduct, allegations the company has dismissed as without merit.

In June, Mali’s transitional government placed the Loulo-Gounkoto mine under provisional administration and later removed nearly a metric ton of gold from the site. A similar seizure of three metric tons occurred earlier this year after Barrick suspended exports due to the dispute.

Barrick has initiated international arbitration proceedings, citing violations of its mining convention with the state.

The company says it was not formally notified of the appointment of the provisional administrator, who it later learned was a former company employee, Samba Touré, now serving as a liaison to the mines ministry. Touré has been facilitating state control of the site since the takeover.

The Loulo-Gounkoto complex, which Barrick operates and owns 80 percent of, remains central to its African portfolio. The remaining 20 percent is held by the Malian government.

Barrick reported that its Malian operations generated US$949 million in revenue during the first nine months of 2023.

The company has framed the seizures and detentions as part of a broader dispute over tax claims and the implementation of Mali’s new mining code, which includes increased state equity and royalty rates.

In December 2023, a court in Bamako issued a warrant for the arrest of Barrick CEO Mark Bristow. The company has not publicly addressed the warrant but continues to operate in the country while pursuing legal remedies.

Amid the mounting friction in Mali, Barrick is in discussions to sell its Hemlo mine in Ontario, its last producing gold asset in Canada.

The prospective buyer is Discovery Silver (TSX:DSV,OTCQX:DSVSF), which has been expanding its portfolio following its recent acquisition of Newmont (TSX:NGT,NYSE:NEM) Porcupine operation for up to US$425 million.

A finalized Hemlo deal would mark Barrick’s complete exit from Canadian gold production. Hemlo has seen declining output in recent years and is no longer considered core to Barrick’s long-term strategy.

The ongoing standoff in Mali continues to affect the company’s export flows and local operations, with no resolution yet announced regarding the release of detained staff or the return of the seized gold.

The Loulo-Gounkoto mine produced over 680,000 ounces of gold in 2023, making it one of the most productive in West Africa.

Barrick has said it remains committed to resolving the dispute under the terms of its longstanding mining agreement with Mali.

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

This post appeared first on investingnews.com

Copper prices have seen considerable gains in 2025, reaching a record high on the COMEX of US$5.68 per pound on July 8. Rising prices and supportive policy have elevated many copper stocks.

The price of copper has experienced volatility since the start of the year, as shifting US trade policy has created competing scenarios amid recession and the imposition of tariffs.

On July 8, the price spiked to fresh all-time highs after US President Donald Trump announced he would impose a 50 percent tariff on all copper being imported into the United States.

Although no specific timeline was set for when the tariffs would take effect, the price of metals gained on the COMEX as traders worked to secure supplies ahead of any potential deadline. Despite since recording a marginal pullback, copper has continued to trade near record highs.

Meanwhile, the copper price on the London Metals Exchange didn’t receive the same lift from the tariff news, although it did briefly move above US$10,000 per metric ton on July 2 before pulling back to under US$9,700.

Against that backdrop, how have TSX-listed copper companies performed? Learn about the top five best-performing copper stocks in 2025 by year-to-date gains below. Data for this article was retrieved on July 16, 2025, using TradingView’s stock screener, and only companies with market capitalizations greater than C$50 million are included.

1. St. Augustine Gold and Copper (TSX:SAU)

Year-to-date gain: 281.25 percent
Market cap: C$303.42 million
Share price: C$0.305

St. Augustine Gold and Copper is a development company focused on its King-king copper-gold project in the Philippines’ Davao de Oro province. The project consists of 184 mining claims.

According to the latest preliminary economic assessment from 2013, the company projects an after-tax net present value of US$1.78 billion, with an internal rate of return of 24 percent and a payback period of 2.4 years using a base case scenario of a copper price of US$3.00 per pound and a gold price of US$1,250 per ounce.

The company is currently working towards an update to the study.

On May 30, St. Augustine announced that it had entered into an agreement with the National Development Corporation (Nadecor) to acquire a 100 percent interest in Nadecor’s wholly owned subsidiary Kingking Milling, which holds the development rights to King-king.

Under the terms of the deal, Nadecor will receive C$9.02 million convertible into 185 million shares.

The project’s exploration and development permits are held by Kingking Mining, which remains a 40/40/20 joint venture between St. Augustine, Nadecor and Queensberry Mining and Development. The release also includes details of new ore sales and royalty agreements between Kingking Milling and Kingking Mining.

On June 18, St. Augustine completed a debt conversion with Queensberry Mining originally announced on June 2, converting C$1.67 million in debt owed to Queensbury into 25.31 million common shares in St. Augustine at C$0.066 per share.

A follow-up announcement from Queensberry Mining stated that the shares represent a 2.5 percent stake in St. Augustine, increasing Queensberry’s holdings in the company to 52 percent of the total issued and outstanding shares.

Shares in St. Augustine Gold and Copper reached a year-to-date high of C$0.325 on July 7.

2. Northern Dynasty Minerals (TSX:NDM)

Year-to-date gain: 269.41 percent
Market cap: C$1.59 billion
Share price: C$3.14

Northern Dynasty Minerals is an exploration and development company focused on the Pebble project, a copper-molybdenum-gold-silver project located 200 miles southwest of Anchorage in the Bristol Bay region of Alaska, US.

Northern Dynasty says the site is “one of the greatest stores of mineral wealth ever discovered.”

It hosts a measured and indicated copper resource of 6.5 billion metric tons and an inferred copper resource of 4.5 billion metric tons. The Pebble property’s measured and indicated resources for molybdenum, gold and silver total 1.26 million metric tons, 53.82 million ounces and 249.3 million ounces, respectively.

The project stalled in 2020 during the permitting phase following a US Environmental Protection Agency (EPA) veto that suggested the proposed mine would damage the Bristol Bay watershed.

Early in 2024, the Supreme Court declined to hear the matter on procedural grounds, sending it back to the federal district court and the federal circuit of appeals before the Supreme Court would hear it.

Northern Dynasty spent the rest of 2024 advancing its case in Alaska’s state court. In March of that year, it announced the filing of actions to vacate the EPA’s veto.

In 2025, Shares of Northern Dynasty began to surge following US President Donald Trump’s March 20 executive order that called for expedited approvals for domestic mineral production and included copper as a strategically important mineral.

Since Trump became president, Northern Dynasty has been attempting to work with the EPA to vacate the veto on the project. On February 18, the company agreed to grant the EPA a requested 90 day extension to allow for review by the new leadership in the agency, and granted a further 30 day extension on May 14 and 20 day extension on June 12.

The most recent news came on July 4, when Northern Dynasty reported it was in negotiations with the EPA to explore a potential settlement and a decision was expected within the next two weeks.

Shares in Northern Dynasty reached a year-to-date high of C$3.14 on July 16.

3. Imperial Metals (TSX:III)

Year-to-date gain: 133.15 percent
Market cap: C$715.56 million
Share price: C$4.29

Imperial Metals is a mine development and production company with operations in British Columbia, Canada.

It holds a 30 percent interest in the Red Chris mine in BC’s Golden Triangle, with the remainder owned by Newmont (TSX:NGT,NYSE:NEM,ASX:NEM). Imperial also fully owns the Mount Polley copper-gold mine, which reopened in June 2022, and the Huckleberry copper mine, which has been under care and maintenance since 2016.

On May 9, the company clarified that claims by third parties that an injunction was granted to halt construction at the tailings facilities of its Mount Polley operation were incorrect, and that normal operations of the mine and construction of the tailing facilities would continue. This clarification followed an application for an interim injunction by Xatśūll First Nation on May 8, challenging provincial approval for a 4 meter raise of the tailings storage facility embankment.

A June 30 update reported that the BC Supreme Court reserved judgement on the case after a four day hearing, with a decision expected August 6. The court permitted construction of the tailings storage raise to continue in the interim, and Imperial stated it will not deposit tailings reliant on the raise until the court makes its decision.

The company also released an update from its 2025 exploration program at the mine, highlighting an assay of 0.46 percent copper over 152.5 meters, which included an intersection of 0.67 percent copper over 85 meters.

Imperial released its Q2 and H1 production results for the Mount Polley mine on July 9, reporting that the mine’s copper and gold production in the first half of the year increased 10.6 and 8.3 percent respectively, attributed to higher mill throughput as well as higher grades and recoveries for both metals. The mine produced 18.4 million pounds of copper and 21,682 ounces of gold during the period.

As for Red Chris, in Imperials’ first-quarter financial results released on May 12, the company reported its total Q1 copper production increased to 23.13 million pounds from 16.66 million pounds in Q1 2024. Imperial’s 30 percent share of production was 6.94 million pounds of copper.

Shares in Imperial reached a year-to-date high of C$5.49 on June 12.

4. Generation Mining (TSX:GENM)

Year-to-date gain: 124.24 percent
Market cap: C$95.21 million
Share price: C$0.37

Generation Mining is a copper and palladium exploration and development company working to advance its flagship Marathon copper-palladium project in Northwestern Ontario, Canada.

The property consists of 46 leases and 933 claim cells covering a total area of 21,883 hectares. Certain areas of the property are subject to net smelter royalties, which range from 1 percent to 4 percent.

A feasibility study for the project released on March 28 demonstrated an after-tax net present value of US$1.07 billion with an internal rate of return of 27.6 percent and a payback period of 1.9 years. It has a mine life of 13 years with planned annual production of 42 million pounds of copper and 168,000 ounces of palladium.

The included mineral resource estimate for Marathon reported a total measured and indicated resource of 1.09 billion pounds of contained copper from 244.1 million tons of ore with an average grade of 0.2 percent.

During the first half of 2025, Generation has been working to gain the necessary permits from the Ontario government required to begin construction at the site. The company reported on March 11 it received the final construction permit, and on May 22 received the final environmental permit, allowing it to begin construction.

While the company has not announced when this will occur, it has continued to raise funds throughout the second quarter. On June 24, it closed on an C$11.5 million bought deal financing.

Additionally, the company reported on June 6 that the Ontario government named Marathon in its recent request to the federal government to provide funding for shovel-ready critical mineral projects.

Generation’s share price has climbed significantly since mid-May, and reached a year-to-date high of C$0.44 on June 9.

5. Meridian Mining (TSX:MNO)

Year-to-date gain: 100 percent
Market cap: C$270.83 million
Share price: C$0.75

Meridian Mining is an exploration and development company developing its flagship Cabaçal copper-gold project in Mato Grosso, Brazil.

The project license covers a 50 square kilometer area and hosts an 11 kilometer volcanogenic massive sulfide corridor containing gold, copper and silver.

A pre-feasibility study released March 10 demonstrates a post-tax base case net present value of US$984 million with an internal rate of return of 61 percent and a payback period of 17 months. The project has a predicted mine life of 10.6 years with total life of mine production of 169,647 metric tons of copper.

The included mineral resource estimate for Cabaçal shows a measured and indicated resource of 204,470 metric tons of contained copper from 51.43 million metric tons of ore with an average grade of 0.4 percent. It also hosts significant gold and silver resources.

Meridian has been carrying out an extensive exploration program at the site. The most recent results came on July 9, when it reported significant copper grades and highlighted an interval of 2.6 percent copper equivalent over 28.6 meters, including an intersection of 6.9 percent copper over 2.8 meters.

Additionally, Meridian reported on May 8 it hired Ausenco Brazil as the lead engineer to complete a definitive feasibility study for Cabaçal. It is targeting the first half of 2026 for completion.

Shares in Meridian reached a year-to-date high of C$0.88 on June 12.

FAQs for investing in copper

Is copper a good investment in 2025?

Many experts have a positive long-term outlook for the red metal based on supply concerns and its growing role in the energy transition. Copper’s price has climbed to new all time highs in 2025, bringing many stocks with it.

Investors who are interested in copper should make sure to perform their due diligence, as the volatility and unpredictability of markets and economies at the moment means that nothing is guaranteed.

What is copper used for?

Copper is used in many industries, from construction to electronics to medical equipment. In fact, in 2022, 32 percent of copper globally was used in equipment manufacturing and 26 percent in building construction.

Two other growing sectors for copper are the burgeoning electric vehicle and green energy industries. Electric vehicles require a significant amount of the red metal per vehicle.

Check out our article on the topic for more copper uses.

How to invest in copper?

Investors can get exposure to copper in a variety of ways. Holding physical copper is possible, but plenty of storage would be required to hold any significant value of the metal.

For investors looking to invest in the metal without physically holding it, there are a few options. Copper stocks such as those on the TSX, TSXV and ASX are worth looking at. Additionally, there are copper exchange-traded funds and the copper options and futures markets on the London Metal Exchange.

How to invest in a copper ETF?

Copper exchange-traded funds (ETFs) focused on mining companies can be a good way to diversify an investment portfolio, and they can be a more stable option compared to individual copper miners or explorers. There are multiple options available on the market, and they can usually be purchased in the same way one could purchase stocks through a broker or trading platform.

In May 2022, Horizons launched Canada’s first copper equities ETF, the Horizons Copper Producers Index ETF (TSX:COPP). This Canadian copper ETF is focused solely on pure-play and diversified copper-mining companies.

There are multiple ETFs available on the US ARCA exchange as well. The Global X Copper Miners ETF (ARCA:COPX) tracks the Solactive Global Copper Miners Index, which includes copper miners, as well as copper explorers and developers. The other option is the United States Copper Index Fund (ARCA:CPER), which gives investors exposure to copper futures contracts by tracking the SummerHaven Copper Index Total Return.

How is copper priced?

The copper price is tracked in two ways: COMEX copper and London Metal Exchange (LME) copper. The COMEX and LME are both options and futures metal exchanges, with the former being headquartered in New York and the latter in London. COMEX copper is priced by the pound, while LME copper is priced per metric ton.

How is copper processed?

Once copper is mined, the ore goes through multiple steps to reach a market-ready state. First, the ore is ground to roughly separate the rock from the copper, as copper typically only makes up 1 percent of the mined rock.

The resultant copper is then slurried with water and chemical reagents, after which air is used to float the copper to the top of the mixture. After the copper is removed from this, it is typically at 24 to 40 percent purity.

Where is copper mined?

Copper is mined throughout the world, with significant production found on every continent besides Antarctica. Chile was the top producer in 2024, putting out 5.3 million metric tons of the metal. Other major top copper producers are the Democratic Republic of Congo with 3.3 million MT, Peru with 2.6 million MT, China with 1.8 million MT. Indonesia and the United States were tied in 2024 1.1 million MT of copper.

Article by Dean Belder; FAQs by Lauren Kelly.

Securities Disclosure: I, Dean Belder, own shares of Northern Dynasty Minerals.

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

This post appeared first on investingnews.com

 

(TheNewswire)

 

     

   
             

 

July 22, 2025 TheNewswire – Vancouver, British Columbia, Canada JZR Gold Inc. (TSXV:  JZR) (the ‘ Company ‘ or ‘ JZR ‘) is pleased to announce that it has completed its previously announced non-brokered private placement (the ‘ Offering ‘) of units (each, a ‘ Unit ‘) at a price of $0.30 per Unit. Pursuant to the Offering, which was announced on July 11, 2025, the Company has issued 6,000,000 Units for aggregate gross proceeds of CAD$1,800,000. The Company also wishes to announce that, due to investor interest, the Offering was increased from $1,500,000 to $1,800,000.

 

  Each Unit consists of one common share in the capital of the Company (each, a ‘S   hare   ‘) and one common share purchase warrant (each, a ‘   Warrant   ‘). Each Warrant is exercisable into one additional Share (each, a ‘   Warrant Share   ‘) at a price of $0.40 per Warrant Share for a period of two (2) years from the date of issuance, subject to acceleration. The Warrants are subject to an acceleration provision whereby, in the event that the volume weighted average trading price of the Company’s common shares traded on TSX Venture Exchange (the ‘   Exchange   ‘), or any other stock exchange on which the Company’s common shares are then listed, is equal to or greater than $0.75 for a period of 10 consecutive trading days, the Company shall have the right to accelerate the expiry date of the Warrants by giving written notice to the holders of the Warrants that the Warrants will expire on the date that is not less than 30 days from the date that notice is provided by the Company to the Warrant holders. The Company did not pay any finder’s fees in closing this Offering.  

 

  The Units, Shares, Warrants, and Warrant Shares are collectively referred to as the ‘   Securities   ‘. The Securities are subject to a hold period of four months and one day from the date of Closing.  

 

  The Company intends to use the net proceeds from the Offering to fund operations of the fully constructed 800 tonne-per-day gravimetric mill, as well as future exploration work on the Vila Nova Gold project located in Amapa State, Brazil, and for general working capital purposes. JZR has been advised by its Joint Venture Royalty Agreement partner, ECO Mining Oil & Gaz Drilling and Exploration Ltda. (EIRELI) (‘ECO’), that the Mill is fully operational, but ECO is completing a few minor improvements to the Mill to improve operational efficiency. There will be further updates regarding operations in the immediate future.  

 

For further information, please contact:

 

Robert Klenk

 

Chief Executive Officer

 

  rob@jzrgold.com  

 

Forward-Looking Information

 

  This press release contains certain ‘forward-looking information’ within the meaning of applicable Canadian securities legislation. Forward-looking information in this press release includes all statements that are not historical facts, including, without limitation, statements with respect to the details of the Offering, including the proposed size, timing and the expected use of proceeds and the receipt of regulatory approval for the Offering; the testing and anticipated commencement of operation of the Mill. Forward-looking information reflects the expectations or beliefs of management of the Company based on information currently available to it. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information. These factors include, but are not limited to:   the Company may not complete the Offering; the Offering may not be approved by the TSX Venture Exchange;   risks associated with the business of the Company; the Mill may not commence operating once testing has been completed, or at all; business and economic conditions in the mineral exploration industry generally; the supply and demand for labour and other project inputs; changes in commodity prices; changes in interest and currency exchange rates; risks related to inaccurate geological and engineering assumptions; risks relating to unanticipated operational difficulties (including failure of equipment or processes to operate in accordance with the specifications or expectations, cost escalation, unavailability of materials and equipment, government action or delays in the receipt of government approvals, industrial disturbances or other job action and unanticipated events related to health, safety and environmental matters); risks related to adverse weather conditions; political risk and social unrest; changes in general economic conditions or conditions in the financial markets; and   other risk factors as detailed from time to time in the Company’s continuous disclosure documents filed with the Canadian securities regulators.  The forward-looking information contained in this press release is expressly qualified in its entirety by this cautionary statement.  The Company does not undertake to update any forward-looking information, except as required by applicable securities laws.  

 

  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 press release.  

 

  None of the securities of JZR have been registered under the U.S. Securities Act of 1933, as amended (the ‘U.S. Securities Act’), or any state securities law, and may not be offered or sold in the United States or to, or for the account or benefit of, persons in the United States or ‘U.S. persons’ (as such term is defined in Regulation S under the U.S. Securities Act) absent registration or an exemption from such registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy in the United States nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.  

 

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.

 

Copyright (c) 2025 TheNewswire – All rights reserved.

 

 

News Provided by TheNewsWire via QuoteMedia

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(TheNewswire)

 

      

   
                 

 

  NOT   INTENDED   FOR   DISTRIBUTION   TO   UNITED   STATES   NEWS   WIRE   SERVICES   OR   FOR DISSEMINATION IN THE UNITED STATES  

 

VANCOUVER, BC TheNewswire – July 22, 2025 Heritage Mining Ltd. (CSE: HML FRA: Y66) (‘ Heritage ‘ or the ‘ Company ‘) is pleased to announce a non-brokered offering of up to 18,187,725 units (the ‘ LIFE Offering ‘) for gross proceeds of up to C$636,570 with a lead order from a strategic investor of ~C$450,000. The Company is also pleased to announce it has entered into an asset purchase agreement with Advanced Gold Exploration Inc. to acquire a 75% interest in the Melba Mine (a former past producer from early-mid 1900’s) which, subject to the satisfaction of conditions precedent and due diligence, will facilitate the Company’s entrance into the Kirkland Lake Gold District. The Company also provides an exploration update on its Drayton-Black Lake and Contact Bay projects.

 

  July 2025 Corporate Update Highlights  

 

  •  

    LIFE Offering announced with a lead order from a strategic investor totaling ~C$450,000.

     

  •   

  July 2025 Exploration Update Highlights  

 

  •  

    Drilling at Drayton-Black Lake (‘ DBL ‘) – Zone 3 Extension confirms gold mineralization in a broad quartz vein structure as initially reported in Heritage’s press release dated May 15, 2025.

     

    •  

      DBL – Zone 3 Extension drilling intersected multiple zones of locally anomalous gold mineralization in drill hole HML25-011 associated with a 46m wide quartz zone, including 0.95 g/t Au over 1m from 237.00m; and

       

    •  

    •  

        Zone 3 Extension drill hole HML25-012 tested a different magnetic lineament at the periphery at the Lake of the Bays Batholith and the contact zone of this batholithic body.  Two n arrow zones of up to 0.43 g/t Au over 1m were intersected.

       

    •  

  •  

  •  

    Drilling at Contact Bay is completed. A total of 10 holes for 2,726m were drilled with assays pending.

     

    •  

      Drill holes locally intersected narrow quartz sulfide veins and visible gold was observed on one drill hole RGN25-004 (Figure 4).

       

    •  

  •  

  ‘We are pleased to welcome a new strategic shareholder, who aligns with Heritage’s view that systematic active exploration across all properties is the key driver. We look forward to generating value to all stakeholders.  

 

  The proposed Melba Mine acquisition (pending due diligence) offers the Company exposure to the well-known mining camp (Kirkland Lake and Timmins). We look forward to applying our active systemic exploration approach to this area in short order post-acquisition.  

 

  Although assays remain pending from Zone 3 Extension at DBL and Contact Bay we appreciate the technical success and confirmation of anomalous gold in a new area never before prospected in the Sioux Lookout Area. This is the broadest quartz vein ever intersected within the Sioux Lookout District and warrants further drilling and evaluation along strike.’   Commented Peter Schloo, President CEO, and Director of Heritage

 

  2025 Corporate Update  

 

The Company has concurrently filed an offering document in respect of the LIFE Offering (the ‘ Offering Document ‘) on its profile on SEDAR+. The following is a brief summary of the terms of the LIFE Offering but investors should review the Offering Document in detail prior to making an investment decision:

 

  Offering:  

 

A non- brokered ‘best-efforts basis’ private placement financing of up to 18,187,725 units (the ‘ LIFE   Offering ‘) for gross proceeds of up to $635,570 for units of the Company (each, a ‘ Unit ‘) at a price of $0.035 per Unit, with each Unit being comprised of one (1) common share of the Company (each a ‘ Common Share ‘) and one (1) common share purchase warrant   (a ‘ Warrant ‘) granting the holder the right to purchase one (1) additional Common Share of the Company (a ‘ Warrant   Share ‘) at a price of $0.05 at any time on or before 36 months from the Closing Date (as defined herein), which securities shall be offered pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 – Prospectus Exemptions (‘ NI 45-106 ‘).

 

  Offering Price:  

 

The Offered Securities shall be offered at the price of $0.035 per Unit.

 

  Offering Amount:  

 

The maximum offering amount under the LIFE Offering shall be for aggregate proceeds of $636,570, assuming full subscription pursuant to the LIFE Offering and the full exercise of the Broker’s Units (as defined below). There is no minimum offering amount pursuant to the LIFE Offering .  

 

The maximum number of securities issuable under the LIFE Offering consists of an aggregate of up to 18,187,725 Units for gross proceeds of up to $636,570.

 

  Closing   Date: The closing of the LIFE Offering (the ‘ Closing   Date ‘) is expected to take place on or about July 31, 2025.

 

  Fees and Commissions  

 

Cash fee and broker warrants, as detailed below.

 

  Cash Fee: The Company will pay cash fees equal to 7.0% of gross proceeds raised in respect of the Offering.

 

  Broker Units:   The Company will issue broker units (each a ‘ Broker Unit ‘) equal to 7% of the Units sold under the Offering at an exercise price equal to $0.035 per Broker Unit, with each Broker Unit consisting of one (1) Common Share and one (1) Broker Warrant, with each Broker Warrant granting the holder the right to purchase one (1) additional Common Share of the Company (each, a ‘ Warrant   Share ‘).  

 

  Melba Asset Purchase Agreement Summary:  

 

   Purchase Price  

 

      

  1.  

      Heritage shall issue the Vendor Common Shares having a deemed value of C$350,000   Consideration   Shares   ‘)   at   a price per Consideration Share equal to the closing price of the Common Shares in the capital of Heritage on the trading day preceding the Closing Date and subject to the following release schedule (which the Vendor hereby agrees will be reflected in restrictive legends applied to the certificates representing the Consideration Shares):  

     

  2.  

  (a)   25% of the Consideration Shares released on Closing Date;  

 

  (b)   25% of the Consideration Shares released on the date that is 90 days after the Closing Date;  

 

  (c)   25% of the Consideration Shares released on the date that is 180 days after the Closing Date; and  

 

  (d)   25% of the Consideration Shares released on the date that is 270 days after the Closing Date.

 

  Closing of the acquisition is subject to customary conditions precedent for a transaction of this nature, including the approval of the Canadian Securities Exchange.  

 

  Melba Mine Property Description  

 

The Melba Mine is located in Northwestern, Ontario, Canada Southwest of Matheson Ontario (Figure One) approximately seven kilometres west off the King’s Highway 11, on the section of highway travelling from Kirkland Lake to Cochrane. The Melba Mine is located on the west central part of Ontario close to the Ontario and Quebec border. It’s fortunate the location of the Melba Property lies within the central hub of over 100 years of mining activities, including active mining operations within the Abitibi Greenstone Belt.  

 

The claim package includes single cell mining claims spanning 1,522.70 hectares and one mining lease.

 

  Property Geology  

 

  The governing element of structure appears to be a contact between dioritic greenstone to the south and argillaceous greywacke to the north. The contact trends north 50-60 degrees west and dips northward. Whether the greywacke is part of a synclinal trough of sediments that are younger than the greenstone or whether it is part of a sedimentary band belonging to the greenstone series is an unknown factor at present. The greywacke is cut by dikes of porphyry that run parallel to the contact. The main gold bearing vein, usually described as the ‘Blue Vein’, also runs parallel to the contact but lies within the sediments. It strikes north 55 degrees west   and dips northward 55 degrees. It is accompanied by shearing and alteration, also by a pattern of cross fracturing that has produced faulting in the main vein and has led to the development of irregular veins in the adjacent rocks. The main vein is displaced 60 feet (18.2 metres) northward near the shaft and other displacements have been found underground. The picture resembles that of the sedimentary belt in the Beatty-Munro area. Numerous feldspar porphyry, diorite and basic syenite dikes were intersected by the drilling. Overall, a significant amount of the drill core showed alteration, some highly, while carbonate stringers were numerous and visible gold was noted in drill core.  

 

    
Click Image To View Full Size
 

 

Figure 1: Property Map – Melba Mine   

 

  2025 Exploration Update  

 

Assays were delayed due to operational issues at the lab and core shack facilities; corrective measures have been implemented, and normal operations are expected to resume shortly.

 

  Discussion of Results  

 

DBL – Zone 3 Extension

 

  The 2025 drill program at Zone 3 Extension targeted granite-hosted mineralised quartz-vein structures that were first observed in the HML Zone 3 drilling program of August 2024 (Figure 3).  The recently completed program comprised 4 holes for a total 1105.5m targeting a northeast-southwest trending magnetic lineament.  Drilling is considered a technical success with two ( HML25-011 and 013 )   of the four holes intersecting a well-developed quartz vein structure, including drill hole HML25-013 that intersected a 74m wide vein structure (true width unknown).  Assays received for HML25-010, 011 and 012, with assays pending for HML25-013 & 014.

 

Assays for HML25-010 & 011 confirm locally elevated gold values in the vein structure, with the best intersection of 0.95g/t gold over 1 meter in drill hole HML25-011 (Figure 2). Although gold mineralization is low grade, significant exploration potential remains along strike of this well-defined linear mag feature, and   further drilling is proposed to test this ‘mega-quartz vein structure’.  

 

  HML25-011 Highlights:  

 

  •  

    0.07 g/t Au over 5.5m from 212.50m to 217.00m

     

    •  

      Including 0.27g/t Au from 213.47m

       

    •  

  •  

  •  

    0.95 g/t Au over 1m from 237.00m (within Quartz Vein Zone)

     

  •  

    
Click Image To View Full Size
 

 

Figure 2: HML25-011 Box 56 – Yellow Box indicates from 237.00m to 238.00m

 

    
Click Image To View Full Size
 

 

  Figure 3: Showing the completed and proposed holes testing the northeast-southwest trending magnetic lineament  

 

  Contact Bay Rognon Mine Area  

 

  The 2025 drill program at Contact Bay is completed, targeting a mineralised quartz-vein structure that was historically mined in the early 1900’s.  The recently completed program comprised 10 holes for a total 2726.0m. The geology comprises metavolcanic rocks cut by granitoid batholiths and gabbroic sills and stocks.  The metavolcanic rocks are locally cut by cm-scale quartz-sulphide veins and drill hole RGN25-004 intersected visible gold in a quartz-pyrite vein (Figure 4).  Assays are pending for all holes.

 

    
Click Image To View Full Size
 

 

  Figure 4: Showing the magnetic map for the Contact Bay Rognon Mine area and an image of the visible gold intersected in RGN25-004.

 

  Conclusion  

 

Although some assays remain pending, the Company believes additional drilling is warranted to test along this major quartz vein structure along strike.   The Company has proposed an additional 10 holes to test along a 2km strike length of the magnetic lineament (Figure 3).

 

  Qualified Person  

 

  Stephen Hughes P. Geo, Strategic Advisor for the Company, serves as a qualified person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects and has reviewed the scientific and technical information in this news release, approving the disclosure herein.  

 

  Technical Program  

 

  Heritage Mining adheres to a strict QA/QC protocol for handling, sampling, sample transportation and analyses.  Chain-of-custody protocols are designed to ensure security of samples until their delivery at the laboratory.  

 

   

 

  Sampling, Sub-sampling, and Laboratory Analysis for Heritage Mining Drayton Black Lake Project All drilling at the Drayton Black Lake project recovers NQ core. Drill core is systematically split in half using a diamond saw. A qualified geologist examines the drill core, marking intervals for sampling and indicating the cutting line. Sample lengths are typically 1.0 metre, adjusted to a minimum length of 0.5 metre as necessary to respect lithological and/or mineralogical contacts and to isolate narrow veins or structures that may contain higher-grade mineralization.  

 

  Technicians saw the core along the cutting lines determined by the geologist. One half of the core is retained as a witness sample, while the other half is submitted for analysis. Individual sample bags are securely sealed   and placed into sealed bags, which are then clearly marked with their contents.  

 

  Heritage Mining submits samples for gold determination by PhotonAssay to ALS Canada Ltd. (‘   ALS   ‘). ALS operates under a commercial contract with Heritage Mining.  

 

  Drill core samples are shipped to ALS for sample preparation at their facilities in Thunderbay Ontario. ALS is an ISO/IEC 17025:2017 accredited laboratory for the PhotonAssay method in addition to a variety of diverse metal determination methods.  

 

  Analytical Procedures  

 

  The ALS procedure for PhotonAssay involves lab applying preparation codes LOG-21 (sample logging via barcode), CRU-31 (fine crushing so that 70% passes through a 2mm screen) and SPL-32a (rotary splitting of a representative ~500g subsample)  followed by analytical code Au-PA01 which is a non-destructive gold analysis method using high-energy X-rays with a gold detection range from 0.03 ppm to 350ppm.  

 

  After gold assays are returned, Heritage then may choose to perform multi-element assays on selected samples based on the gold results. In these cases, sample preparation codes FND-05 (locate and use remaining crushed material from Au-PA01) and PUL-32m (pulverization so that >85% passes 75 µm screen) are then applied followed by analytical code ME-MS61 (multi-element ICP-MS analysis for base metals, pathfinder elements, lithophile elements and rare earth elements).  

 

  ________________________________________  

 

  Quality Assurance/Quality Control (QA/QC)  

 

  The drill program design, QA/QC, and interpretation of results are performed by qualified persons employing a rigorous QA/QC program consistent with industry best practices. Standards and blanks account for a minimum of 10% of the samples, in addition to the laboratories’ internal quality assurance programs.  

 

  Quality Control data are meticulously evaluated upon receipt from the laboratories for any failures. Appropriate corrective action is taken if assay results for standards and blanks fall outside allowed tolerances. All results disclosed by Heritage Mining have successfully passed the Company’s stringent quality control protocols.  

 

  The Company does not recognize any factors of drilling, sampling, or recovery that could materially affect the accuracy or reliability of the assay data disclosed. The assay data disclosed in this press release have been verified by the Company’s Qualified Person against the original assay certificates.  

 

  Heritage Mining notes that it has not completed any economic evaluations of its Drayton-Black Lake Project, and the project does not currently have any resources or reserves.  

 

  ABOUT   HERITAGE   MINING   LTD.  

 

The Company is a Canadian mineral exploration company advancing its two high grade gold-silver-copper projects in Northwestern Ontario. The Drayton-Black Lake and the Contact Bay projects are located near Sioux Lookout in the underexplored Eagle-Wabigoon-Manitou Greenstone Belt . Both projects benefit from a wealth of historic data, excellent site access and logistical support from the local community.

 

For further information, please contact:  

 

  Heritage   Mining   Ltd.  

 

Peter Schloo, CPA, CA, CFA

 

President, CEO and Director

 

Phone: (905) 505-0918

 

Email:   peter@heritagemining.ca   

 

  FORWARD-LOOKING   STATEMENTS  

 

This news release contains certain statements that constitute forward looking information within the meaning of applicable securities laws. These statements relate to future events of the Company. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as ‘seek’, ‘anticipate’, ‘plan’, ‘continue’, ‘estimate’, ‘expect’, ‘forecast’, ‘may’, ‘will’, ‘project’, ‘predict’, ‘potential’, ‘targeting’, ‘intend’, ‘could’, ‘might’, ‘should’, ‘believe’, ‘outlook’ and similar expressions are not statements of historical fact and may be forward looking information. All statements, other than statements of historical fact, included herein are forward-looking statements.

 

Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such risks include, among others, the inherent risk of the mining industry; adverse economic and market developments; the risk that the Company will not be successful in completing additional acquisitions; risks relating to the estimation of mineral resources; the possibility that the Company’s estimated burn rate may be higher than anticipated; risks of unexpected cost increases; risks of labour shortages; risks relating to exploration and development activities; risks relating to future prices of mineral resources; risks related to work site accidents, risks related to geological uncertainties and variations; risks related to government and community support of the Company’s projects; risks related to global pandemics and other risks related to the mining industry. The Company believes that the expectations reflected in such forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward‐looking information should not be unduly relied upon. These statements speak only as of the date of this news release. The Company does not intend, and does not assume any obligation, to update any forward‐looking information except as required by law.  

 

This document does not constitute an offer to sell, or a solicitation of an offer to buy, securities of the Company in Canada, the United States, or any other jurisdiction. Any such offer to sell or solicitation of an offer to buy the securities described herein will be made only pursuant to subscription documentation between the Company and prospective purchasers. Any such offering will be made in reliance upon exemptions from the prospectus and registration requirements under applicable securities laws, pursuant to a subscription agreement to be entered into by the Company and prospective investors.

 

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