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Elliott Investment Management has reportedly taken a large stake in Barrick Mining (TSX:ABX,NYSE:B), the Financial Times reported on Tuesday (November 18), adding activist pressure to the gold producer, which is already dealing with escalating operational problems and a leadership shakeup.

The moves comes just weeks after the abrupt September exit of former CEO Mark Bristow, and as Barrick’s new chief executive, Mark Hill, begins overhauling the company’s regional structure.

In an internal memo seen by Bloomberg, Hill said Barrick will fold its Pueblo Viejo mine in the Dominican Republic into its North American division and merge its Latin America and Asia Pacific operations to improve performance.

Elliott’s investment also comes during a challenging phase for Barrick.

The company has been hit by rising costs at key North American assets and the loss of its most profitable operation, the Loulo-Gounkoto mine in Mali, after the military junta seized control earlier this year.

The dispute, which was tied to Mali’s new mining tax code, resulted in 3 metric tons of gold being taken by the state and the detention of four Barrick employees. The asset loss also triggered a roughly US$1 billion writeoff.

The setbacks have left Barrick trailing behind its peers despite a powerful gold price rally. Company shares are up 117 percent in the past year, compared with an average 130 percent gain among major rivals.

Barrick’s performance has company executives weighing their options.

As mentioned, a split into two companies is being considered. Four people told Reuters that this could involve one firm focused on North America and another holding assets in Africa and Asia. Another option would involve selling Barrick’s Africa portfolio outright, along with the Reko Diq project in Pakistan once financing is secured.

Barrick is also trying to resolve its dispute with Mali before pursuing a sale of that operation.

Investors have pushed similar ideas before, but were stifled due to the company’s North American footprint.

The company’s core US asset is Nevada Gold Mines, which it operates in partnership with Newmont (NYSE:NEM,ASX:NEM), and the sentiment has been that “there is not much of value” in Barrick’s remaining mines.

Bloomberg reported last month that Newmont was looking at whether a transaction could give it control of the Nevada operations it shares with Barrick, but discussions have not advanced since then.

Elliott, meanwhile, has a long record of targeting miners, including Anglo American (LSE:AAL,OTCQX:AAUKF) and Kinross Gold (TSX:K,NYSE:KGC), and often pushes for structural changes.

For Barrick, the challenge now is stabilizing its operations, while deciding how far to go with strategic restructuring in today’s historically high gold price environment.

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

This post appeared first on investingnews.com

Gina Rinehart, owner and CEO of private Australian mining company Hancock Prospecting, has become the largest shareholder of rare earths company MP Materials (NYSE:MP).

Rinehart’s stake in MP, which she owns via Hancock, now stands at 8.4 percent.

According to Bloomberg, Hancock added 1 million shares to its MP position in the third quarter. After MP’s share price doubled during the period, it became the top holding in Hancock’s portfolio.

MP owns and runs the Mountain Pass rare earths mine in San Bernardino County, California. The mine was revived by MP in 2017 and achieved first rare earths concentrate production in 2018.

In 2024, the company produced a record 45,455 metric tons of rare earth oxides in concentrate, as well as 1,294 metric tons of neodymium-praeseodymium (NdPr) oxide, also a record amount.

Mountain Pass is currently the only operating rare earths mine in the US, and is gaining attention as the US seeks to establish a rare earths supply chain outside of China. In July, the US Department of Defense (DoD) agreed to buy US$400 million worth of preferred stock in the company, a move that MP called a ‘transformational public-private partnership.’

On Wednesday (November 19), MP deepened its DoD relationship with a partnership to establish a joint venture with Saudi Arabian Mining Company (Maaden); together they will develop a rare earths refinery in Saudi Arabia.

‘This agreement will be beneficial to MP and our industry, and it further aligns U.S. and Saudi interests,’ said James Litinsky, MP’s founder, chair and CEO, in a press release shared by the company that day.

‘The formation of the joint venture also underscores MP Materials’ role as an American national champion, and it demonstrates how our fully integrated platform can project U.S. industrial capability abroad.’

Earlier this year, the Trump administration said Dateline Resources’ (ASX:DTR,OTCQB:DTREF) Colosseum mine, located 10 kilometres from Mountain Pass, could continue operations under its existing mine plan.

A bankable feasibility study is currently being completed for Colosseum, and is due for completion in early 2026.

Rinehart’s rare earths investments

Rinehart is the wealthiest person in Australia, holding a net worth of US$23.9 billion.

According to Forbes’ 100 billionaires list, she was the 61st richest person globally as of March 7, 2025.

Besides MP, she is also the largest shareholder of Arafura Rare Earths (ASX:ARU,OTC Pink:ARAFF), with Hancock’s first investment in that company tracing back to December 2022.

On October 29, Arafura said it was conducting a AU$475 million financing to further advance its Nolans project. Nolans is expected to eventually supply approximately 4 percent of the world’s NdPr oxide.

Arafura said Hancock committed AU$125 million to the placement, bringing its stake in the firm to 15.7 percent.

Hancock also holds an interest in Lynas Rare Earths (ASX:LYC,OTCQX:LYSDY), with Rinehart raising her stake in the company to 8.21 percent in January via the purchase of about 10 million shares.

In 2023, Hancock Prospecting was reported to back Brazilian Rare Earths (ASX:BRE,OTCQX:BRELY) before it went public, taking a 5.85 percent stake. Brazilian Rare Earths listed on the ASX in December 2023.

Through Hancock, Rinehart also holds investments in lithium, copper and many more commodities. Click here to read about her mining investments and work in the sector.

Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

Brightstar Resources Limited (ASX: BTR) (Brightstar or Company) provides the following update on the proposed acquisition of 100% of the fully paid ordinary shares and options in Aurumin Limited (Aurumin) by Brightstar by way of Court-approved share scheme of arrangement (Share Scheme) and option scheme of arrangement (Option Scheme, together the Schemes) under Part 5.1 of the Corporations Act 2001 (Cth).

Unless otherwise specified, capitalised terms used in this announcement have the same meaning as given in Aurumin’s Scheme Booklet dated 9 October 2025 (Scheme Booklet).

RESULTS OF THE SECOND COURT HEARING

Brightstar is pleased to announce that the Supreme Court of Western Australia (Court) has made orders approving the Schemes under which Brightstar will acquire 100% of the shares of Aurumin and all Aurumin options will be cancelled in exchange for new Brightstar options.

Aurumin intends to lodge an office copy of the Court’s orders with the Australian Securities and Investments Commission (ASIC) on Friday, 21 November 2025, at which time the Schemes will become legally effective. Aurumin expects that the ASX will suspend Aurumin shares from trading on the ASX with effect from the close of trading on Friday, 21 November 2025.

SANDSTONE PROJECT UPDATE

  • Brightstar and Aurumin currently have six drilling rigs operating in Sandstone, targeting material Mineral Resource Estimate (MRE) growth and infill drilling key deposits to enable an increase in confidence classification
  • Post implementation, the consolidated MRE at Sandstone increases to 2.4Moz @ 1.5g/t Au (pro forma basis with Aurumin)1, with the group total MRE increasing to 3.9Moz @ 1.5g/t Au
  • A Mineral Resource upgrade for Sandstone is targeted for release in 1H CY26 following significant exploration drilling over the past 12 months (+70,000m completed to date)
  • Workstreams proceed on the consolidated Pre-Feasibility Study, with mining engineering, metallurgical, geotechnical, approvals and permitting activities continuing apace to fast-track the eventual development of the Sandstone Gold Project (targeted for FID in 2H CY27)
  • The successful development of Sandstone, in conjunction with the near-term production expansion of Brightstar’s Menzies-Laverton asset base, underpins Brightstar’s aspirational production target of +200,000oz pa.

Brightstar’s Managing Director, Alex Rovira, commented:

“We are delighted to see the overwhelming support from Aurumin securityholders for the Schemes. This is the first time in over a decade the Sandstone Greenstone Belt has been consolidated under one ownership, with production last occurring in Sandstone when the gold price was less than A$1,000/oz.

Despite the limited systematic exploration history as a result of the fragmented ownership, upon completion of the Schemes, Brightstar will emerge with a Mineral Resource of approximately 2.4Moz @ 1.5g/t at the Sandstone Gold Project that is largely constrained within the top 150m from surface. Notably, we see significant potential for Mineral Resource growth following the ~70,000m of drilling already completed in Sandstone by Brightstar, with a targeted ~120,000m of drilling planned for completion prior to the Pre- Feasibility Study targeted for release in mid-2026.

In our view, the Sandstone district potentially represents one of the largest undeveloped gold projects in the WA goldfields in the hands of a junior/emerging company, with the potential for a multi-decade mine life across both open pit and underground operations.

The development of our Menzies, Laverton, and Sandstone Gold Projects is central to delivering on our vision and positioning Brightstar as an emerging mid-tier Western Australian gold producer.”


Click here for the full ASX Release

This post appeared first on investingnews.com

The House of Representatives unanimously voted against a provision that allows Republican senators whose phone records were seized by former Special Counsel Jack Smith to sue the federal government.

The provision was included in the recently passed bill to end the 43-day government shutdown, which President Donald Trump signed into law last week.

Despite supporters saying the provision is necessary to give senators recourse when the executive branch oversteps its constitutional bounds and reaches into congressional communications, the last-minute inclusion of the measure outraged both Republicans and Democrats, underscoring the ever-present tensions between the House and Senate.

The repeal passed 426 to 0, with 210 Democrats and 216 Republicans in the tally.

Dubbed ‘Requiring Senate Notification for Senate Data,’ the provision would allow senators directly targeted in former special counsel Jack Smith’s Arctic Frost investigation to sue the U.S. government for up to $500,000.

House Appropriations Committee Chairman Tom Cole, R-Okla., who was involved in crafting part of the successful funding deal, told Fox News Digital he had even been afraid it could derail the final vote to end the shutdown.

‘It had been added in the Senate without our knowledge,’ Cole said. ‘It was a real trust factor … I mean, all of a sudden, this pops up in the bill, and we’re confronted with either: leave this in here, or we pull it out, we have to go to conference, and the government doesn’t get reopened.’

It was placed into the bill by Senate Majority Leader John Thune, R-S.D., and given the green light by Senate Minority Leader Chuck Schumer, D-N.Y., sources confirmed to Fox News Digital last week.

Thune put the provision into the bill at the request of members of the Senate GOP, a source familiar with the negotiations told Fox News Digital, which included Sens. Lindsey Graham, R-S.C., and Sen. Ted Cruz, R-Texas. 

It was a big point of contention when the House Rules Committee met to prepare the legislation for a final vote last Tuesday night. Reps. Chip Roy, R-Texas, Austin Scott, R-Ga., and Morgan Griffith, R-Va., all shared House Democrats’ frustration with the measure, but they made clear it would not stand in the way of ending what had become the longest shutdown in history.

Even Speaker Mike Johnson, R-La., appeared blindsided by the move.

‘I had no prior notice of it at all,’ Johnson told reporters last week. ‘I was frustrated, as my colleagues are over here, and I thought it was untimely and inappropriate. So we’ll be requesting, strongly urging, our Senate colleagues to repeal that.’

Those Republicans agreed with the motivations behind their Senate counterparts wanting to sue but bristled over the notion that it would come at the expense of U.S. taxpayers.

Rep. John Rose, R-Tenn., told Fox News Digital the senators ‘have been wronged, no doubt in my mind’ but added its scope was too narrow.

‘This provision does not allow other Americans to pursue a remedy. It does not even allow the President of the United States, who was equally wrongfully surveilled and pursued by the Justice Department — they didn’t even include President Trump in this,’ Rose said.

And while several senators who would be eligible for the taxpayer-funded lawsuits have distanced themselves from the issue amid uproar, others have stuck to their guns.

‘My phone records were seized. I’m not going to put up with this crap. I’m going to sue,’ Graham said on ‘Hannity’ Tuesday night. He said he would be seeking ‘tens of millions of dollars.’

Cruz also told Fox News Digital that he did not support repealing the provision.

And Sen. Pete Ricketts, R-Neb., defended the provision in comments to Politico. 

‘I’d like for us to be able to defend our branch when DOJ gets out of control,’ he said.

Senate Majority Leader John Thune, R-S.D., similarly suggested to reporters on Wednesday that he was in favor of the measure.

‘I would just say, I mean, you have an independent, co-equal branch of government whose members were, through illegal means, having their phone records acquired — spied on, if you will, through a weaponized Biden Justice Department,’ Thune said. ‘That, to me, demands some accountability.’

He added, ‘I think that in the end, this is something that all members of Congress, both House and Senate, are probably going to want as a protection, and we were thinking about the institution of the Senate and individual senators going into the future.’


This post appeared first on FOX NEWS

A bid by Rep. Nancy Mace, R-S.C., to force a censure of her fellow House Republican and remove his committee assignments failed on Wednesday night.

Mace introduced a censure resolution against Rep. Cory Mills, R-Fla., earlier in the day, accusing him of stolen valor among other alleged improprieties.

Mills rose in his own defense on Wednesday night to call for a vote to refer the measure to the House Ethics Committee and deny her accusations.

His counter-effort succeeded, with the House voting 310-103 to send the matter to the ethics panel — effectively squashing Mace’s effort for an immediate punishment.

Seven House Republicans voted alongside Mace to move the censure vote forward. They are Reps. Anna Paulina Luna, R-Fla., Kat Cammack, R-Fla., Marjorie Taylor Greene, R-Ga., Lauren Boebert, R-Colo., Harriet Hageman, R-Wyo., Tim Burchett, R-Tenn., and Joe Wilson, R-S.C.

The 310 lawmakers who voted against Mace’s move included both Democrats and Republicans.

Twelve lawmakers, including members of the House Ethics Committee, voted ‘present.’

Mace introduced the censure as a privileged resolution, a mechanism aimed at forcing House GOP leaders to reckon with a piece of legislation in the immediate future.

The resolution accused Mills of a wide variety of improprieties, including misrepresenting his military service and working as a private military contractor while serving as a member of Congress. 

She also cited several media reports alleging Mills assaulted past romantic partners while being accused of threatening another woman he was also reportedly involved with. Mills previously denied those allegations.

In addition to censuring him, Mace’s resolution would have also removed Mills from his roles on the House Foreign Affairs Committee and House Armed Services Committee if successful.

Hours before the vote, however, the House Ethics Committee announced it would open an investigation into Mills via a new subcommittee — a move Mace criticized as an effort to neuter her push.

‘This is a naked attempt to kill my resolution to censure Rep. Cory Mills. Common sense tells us we don’t need an investigative subcommittee to decide if Cory Mills, who a Court found to be an immediate and present danger of committing dating violence against a woman, should serve on committees related to national security. Or the testimony of soldiers and the stolen valor,’ Mace said.

Notably, however, the House Ethics Committee is the traditional first step when lawmakers are accused of impropriety.

It comes after House Democrats threatened to pursue a retaliatory censure against Mills Tuesday evening in response to Republicans trying to censure Del. Stacey Plaskett, D-V.I., the Virgin Islands’ nonvoting representative in the House, over her ties to Jeffrey Epstein.

The Plaskett censure failed after three House Republicans voted ‘no’ and three more voted ‘present,’ however, along with every Democrat rejecting the measure. Democrats did not appear to pursue the censure against Mills after that.

Mace had accused Mills of participating in a ‘backroom deal’ at the time to avoid a censure, adding, ‘I have the General who ‘recommended’ him for the Bronze Star on record saying he never wrote it, never read it and never personally signed it.’

Mills’ office told Fox News Digital there was never a deal, however, and had expected his censure to move forward on Tuesday night. He also voted in favor of censuring Plaskett.

Mace introduced her resolution after sending a letter to Speaker Mike Johnson, R-La., on Wednesday accusing Mills of ‘credible accusations he misrepresented his military service’ and ‘credible accusations of having committed crimes against women.’

Mills has previously denied wrongdoing in reports of both sets of allegations.

He also criticized the move in a statement to Fox News Digital.

‘Congresswoman Nancy Mace’s latest stunt is a politically motivated attempt to grab headlines and settle personal scores. The American people deserve better than fabricated accusations and theatrics at a time when Republicans should be focused on governing,’ Mills said.

‘The claims on my valor that she’s pushing are baseless, recycled, and already publicly disproven. I fully deny them, just as I always have. This is not oversight, it’s attention-seeking dressed up as accountability.’


This post appeared first on FOX NEWS

Will the First Majestic Silver (TSX:FR,NYSE:AG) CEO’s silver price prediction of over US$100 per ounce come true?

The silver price has surged over 80 percent in 2025 on growing economic uncertainty amid ongoing geopolitical tensions and US President Donald Trump’s escalating trade war, supported by long-term demand fundamentals.

After breaking through the US$40 per ounce mark in early September, the silver price continued its ascent to an all-time record high above US$54 on October 17, and silver’s price is rallied in November to test that new high again.

Well-known figure Keith Neumeyer, CEO of First Majestic, has frequently said he believes the white metal could climb even further, hitting the US$100 mark or even reaching as high as US$130 per ounce.

Neumeyer has voiced this opinion often over the past decade. He put up a US$130 price target in a November 2017 interview with Palisade Radio, when silver was just US$17, and he also discussed it in an August 2022 interview with Wall Street Silver. He has reiterated his triple-digit silver price forecast in multiple interviews with Kitco over the years, including one in March 2023.

In 2024, Neumeyer made his US$100 silver call in a conversation with ITM Trading’s Daniela Cambone at the Prospectors & Developers Association of Canada (PDAC) convention, and in April of that year he acknowledged his reputation as the ‘triple-digit silver guy’ on the Todd Ault Podcast.

At times he’s been even bolder, suggesting in 2016 that silver could reach US$1,000 if gold were to hit US$10,000. More recently, he has pushed his expected timeline for US$100 silver back, but he remains very bullish in the long term.

In order to better understand where Neumeyer’s opinion comes from and whether a triple-digit silver price is really in the cards, it’s important to take a look at the factors that affect the metal’s movements, as well as where prices have been in the past and where other industry insiders think silver could be headed.

First, let’s dive a little deeper into Neumeyer’s US$100 silver prediction.

In this article

    Why is Neumeyer calling for a US$100 silver price?

    Neumeyer believes silver could hit US$100 due to a variety of factors, including its consistent deficit, its industrial demand and how undervalued it is compared to gold.

    There’s a significant distance for silver to go before it reaches the success Neumeyer has boldly predicted. In order for the metal to jump to the US$100 mark, its price would have to double from its November price of above US$50. However, silver has already tripled from its price of around US$17 per ounce when he made his US$130 call in November 2017.

    Neumeyer has previously said he expects a triple-digit silver price in part because he believed the market cycle could be compared to the year 2000, when investors were sailing high on the dot-com bubble and the mining sector was down. He thinks it’s only a matter of time before the market corrects, like it did in 2001 and 2002, and commodities see a big rebound in pricing. It was during 2000 that Neumeyer himself invested heavily in mining stocks and came out on top.

    “I’ve been calling for triple-digit silver for a few years now, and I’m more enthused now,” Neumeyer said at an event in January 2020, noting that there are multiple factors behind his reasoning. “But I’m cautiously enthused because, you know, I thought it would have happened sooner than it currently is happening.”

    In an August 2022 with Wall Street Silver, he reiterated his support for triple-digit silver and said he’s not alone in this optimistic view — in fact, he’s been surpassed in that optimism. ‘I actually saw someone the other day call for US$500 silver,’ he said. ‘I’m not quite sure I’m at the level. Give me US$50 first and we’ll see what happens after that.’

    Another factor driving Neumeyer’s position is his belief that the silver market is in a deficit. In a May 2021 interview, when presented with supply-side data from the Silver Institute indicating the biggest surplus in silver market history, Neumeyer was blunt in his skepticism. “I think these numbers are made up,” he said. “I wouldn’t trust them at all.”

    He pointed out that subtracting net investments in silver exchange-traded products leaves the market in a deficit, and also questioned the methodology behind the institute’s recycling data given that most recycled silver metal comes from privately owned smelters and refineries that typically don’t make those figures public.

    ‘I’m guessing the mining sector produced something in the order of 800, maybe 825 million ounces in 2022,’ Neumeyer said when giving a Q4 2022 overview for his company. ‘Consumption numbers look like they’re somewhere between 1.2 and 1.4 billion ounces. That’s due to all the great technologies, all the newfangled gadgets that we’re consuming. Electric vehicles, solar panels, windmills, you name it. All these technologies require silver … that’s a pretty big (supply) deficit.’

    In a December 2023 interview with Kitco, Neumeyer stressed that silver is more than just a poor man’s gold and he spoke to silver’s important role in electric vehicles and solar cells. In line with this view on silver, First Majestic is a member of a consortium of silver producers that in January 2024 sent a letter to the Canadian government urging that silver be recognized as a critical mineral. Silver’s inclusion on the list would allow silver producers to accelerate the development of strategic projects with financial and administrative assistance from the government.

    In this 2024 PDAC interview, Neumeyer once again highlighted this sizable imbalance in the silver’s supply-demand picture. “We’re six years into this deficit. The deficit in 2024 looks like it’s gonna be bigger than 2023, and why is that? Because miners aren’t producing enough silver for the needs of the human race,” he said.

    More controversially, Neumeyer is of the opinion that the white metal will eventually become uncoupled from its sister metal gold, and should be seen as a strategic metal due to its necessity in many everyday appliances, from computers to electronics, as well as the technologies mentioned above. He has also stated that silver production has gone down in recent years, meaning that contrary to popular belief, he believes the metal is actually a rare commodity.

    Neumeyer’s March 2023 triple-digit silver call was a long-term call, and he explained that while he believed gold would break US$3,000 that year, he thought silver will only reach US$30. However, once the gold-silver ratio is that unbalanced, he believes that silver will begin to take off, and it would just need a catalyst.

    ‘It could be Elon Musk taking a position in the silver space,’ Neumeyer said. ‘There’s going to be a catalyst at some time, and headlines in the Wall Street Journal might talk about the silver supply deficit … I don’t know what the catalyst will be, but investors and institutions will wake up to the fundamentals of the metal, and that’s when it will start to move.’

    In an August 2023 interview with SilverNews, Neumeyer said banks are holding the silver market down. He pointed to the paper market for the metal, which he said the banks have capped at US$30 even in times of high buying.

    ‘If you want to go and buy 100 billion ounces of (paper) silver, you might not even move the price, because some bank just writes you a contract that says (you own that),’ he noted, saying banks are willing to get short because once buying stops, they push the price down to get the investors out of the market and buy the silver back. ‘… If the miners started pulling their metal out of the current system, then all of a sudden the banks wouldn’t know if they’re going to get the metal or not, so they wouldn’t be taking the same risks they’re taking today in the paper markets.’

    The month after the interview, his company First Majestic launched its own minting facility, named First Mint.

    In 2024, gold experienced a resurgence in investor attention as the potential for Fed rate cuts came into view. In an interview with Cambone at PDAC 2024, Neumeyer countered that perception, stating, “There’s a rush into gold because of the de-dollarization of the world. It has nothing to do with the interest rates.”

    In an April 2025 Money Metals podcast, Neumeyer reiterated his belief that silver is in an extreme supply deficit and that eventually silver prices will have to rise in order to incentivize silver miners to dig up more of the metal.

    ‘You need triple digit silver just to motivate the mining companies to start investing again because the mining companies aren’t going to make the investment because there’s just so much risk in it,’ he said.

    Several market analysts have raised concerns about this silver supply deficit.

    Moreover, in April at the Sprott Silver Conference, Maria Smirnova, senior portfolio manager and chief investment officer at Sprott Asset Management, highlighted the deficit as well.

    Smirnova explained that silver has been in a supply deficit of 150 million ounces to 200 million ounces annually (or 10 percent to 20 percent of total supply), while production has been stagnant or declining over the past decade. She emphasized that above-ground inventories have declined by nearly 500 million ounces in recent years.

    What factors affect the silver price?

    In order to glean a better understanding of the precious metal’s chances of trading around the US$100 range, it’s important to examine the elements that could push it to that level or pull it further away.

    The strength of the US dollar and US Federal Reserve interest rate changes are factors that will continue to affect the precious metal, as are geopolitical issues and supply and demand dynamics.

    Although Neumeyer believes that the ties that bind silver to gold need to be broken, the reality is that most of the same factors that shape the price of gold also move silver.

    For that reason, it’s helpful to look at gold price drivers when trying to understand silver’s price action. Silver is, of course, the more volatile of the two precious metals, but nevertheless it often trades in relative tandem with gold.

    First, it’s useful to understand that higher interest rates are generally negative for gold and silver, while lower rates tend to be positive. That’s because when rates are higher, investment demand shifts to products that can accrue interest.

    The Fed’s rate moves are currently playing a key role in pumping up silver prices. Heading into September of this year, the silver price was testing 14 year highs as market watchers expected the first rate cuts on the part of the Fed since it paused its interest rate moves in November 2024. The Fed chose to cut rates at the meeting, and silver and gold both climbed even further in the week following the decision. The subsequent rate cut during the October 29 meeting also pushed silver prices higher.

    While central bank actions are important for gold, and by extension silver, another key price driver lately has been geopolitical uncertainty. The past decade has been filled with major geopolitical events such as tensions between the US and other countries such as North Korea, China and Iran. The huge economic impact of the COVID-19 pandemic, the banking crisis in early 2023, Russia’s ongoing war with Ukraine, and rising tensions in the Middle East brought about by the Israel-Hamas war have been sources of concern for investors.

    Trump’s tariffs have also rattled stock markets and ratcheted up the level of economic uncertainty pervading the landscape in 2025. This has proved price positive for gold, bringing silver along for the ride.

    However, silver’s industrial side can not be ignored. In the current environment, the industrial case of silver is weakening in the short term; but longer term still holds some prospects for larger gains.

    Higher industrial demand from emerging sectors due to factors like the transition to renewable energy and the emergence of AI technology will be highly supportive for the metal over the next few years. Solar panels are an especially exciting sector as manufacturers have found increasing the silver content increases energy efficiency.

    “Even in the US, the policy really is ‘all of the above’ — all forms of energy. So I’m not concerned about solar cells diminishing. Could they go flat? Yeah, that’s fine. Flat at 300 million ounces? That’s great demand for silver,” said former Hecla Mining (NYSE:HL) CEO Phil Baker during a May webinar hosted by Simon Catt of Arlington Group.

    “(Prime Minister Narendra) Modi made a policy decision a year ago to grow the solar industry in India. So in India, only about 10 percent of their demand for silver is used for industrial purposes. In China, it’s 90 percent, and so what you’re going to have in India is you’re going to see their solar panel growth skyrocket,” he added.

    Could silver hit US$100 per ounce?

    While we can’t know if we’ll reach a $100 per ounce silver price in the near future, there is support for Neumeyer’s belief that the metal is undervalued and that “ideal conditions are present for silver prices to rise.”

    So, if the silver price does rise further, can it go that high?

    Let’s look at silver’s recent history. Prior to this year, the highest price for silver was just under US$50 in the 1980, and it came close to that level again briefly in 2011. After spending the latter half of the 2010s in the teens, the 2020s have seen silver largely hold above US$20.

    In August 2020, the price of silver reached nearly US$28.50 before pulling back again, and moved back up near those heights in February 2021. The price of silver saw a 2022 high point of US$26.46 in February, and passed US$26 again in both May and November 2023.

    Silver rallied in the later part of the first quarter of 2024, and by April 12 was once again flirting with the US$30 mark as it reached an 11 year high of US$29.26. Despite pulling back to the US$26 level soon after, by October 22 the price of silver had a nice run in the lead up to the election, rising up to US$34.80.

    However, a stronger dollar and signs that the Fed might not be so quick to cut interest rates as deeply as expected were seen as price negative for silver. It was in a downward slide for much of the remainder of the year.

    For much of 2025, silver has followed gold higher on factors including persistent inflationary pressures brought on by Trump’s aggressive tariff announcements and the ongoing geopolitical risks in the Middle East. The commodity’s price uptick also came on the back of very strong silver investment demand.

    What do other experts think about US$100 silver?

    As silver’s trajectory continues upwards, some silver market experts are agreeing with Neumeyer’s triple-digit silver hypothesis, or at least that the price of silver still has further room to grow.

    “It’s hard not to reference Keith, our CEO, and triple digit comes to mind pretty frequently now — more people are talking about it,” Alkhafaji explained at the time.

    He elaborated, “I’m a believer of economics, you look at the mining ratio and that’s sitting at 7:1, yet the price ratio is sitting at 90:1 right now. We just talked about how gold is comfortable at US$3,000, so that tells us that silver needs to play catch up to collapse that ratio.”

    This set up bodes well for those not only invested in physical silver, but in silver mining stocks as well.

    ‘I manage a fund that invests in gold and silver stocks. And you know, these silver miners, a lot of them, have costs to mine an ounce of something between US$20 and US$30,” Lepard said. “If the price of silver goes to US$120, that’s a heck of a profit margin. And so these stocks are going to be very, very attractive to hold, and that’s why I hold them.”

    Chris Marcus, founder of Arcadia Economics, sees the silver supply deficit as not only an issue for the industrial sector, but for the futures and bullion markets as well, which has already sparked a major rally in the silver price in October and could ignite further rallies.

    Electronics manufacturers like Samsung (KRX:005930) and Apple (NASDAQ:AAPL) are often referenced when discussing the dangers of the silver deficit. However, Marcus said that an October Bloomberg article about the UK Royal Mint warning it was running low on silver shows that it is not just the industrial users struggling to get hold of the metal.

    “The Royal Mint is not an electronics manufacturer. But do you want to call that industrial? I mean, they use silver to make their product, and they’re talking about delays,” he explained.

    Even more remarkable, said Marcus, is that this is happening at the same time as the London Bullion Market Association (LBMA) is short of the metal and heavy demand in India is also leading to supply challenges. “They have a silver shortage. They cannot buy it right now. So do we have an overall silver shortage?”

    “You know, whether in the short term or the long term, one way or another, we’re going to run into a supply demand brick wall. And when that day happens, we could see triple digit silver prices in a very, very short period of time,” he said. “I figure it’s going to be US$200 to US$400 an ounce, at least, before this is all over.”

    Bank of America (NYSE:BAC) analysts have a bullish outlook on the silver market and expect to see more record-breaking prices in 2026. The bank is forecasting a high of US$65 per ounce and an average of US$56.25 per ounce for next year.

    FAQs for silver

    Can silver hit $1,000 per ounce?

    As things are now, it seems unlikely silver will ever reach highs of US$1,000 per ounce, which Keith Neumeyer predicted in 2016 could happen if gold ever climbed to US$10,000 per ounce.

    This is related to the gold to silver production ratio discussed above. At the time of the 2016 prediction, this ratio was around 1 ounce of gold to 9 ounces of silver, or 1:9.

    If silver was priced according to production ratio today, when gold is at US$4,000, then silver should be around US$445. However, the gold to silver pricing ratio has actually sat around 1:80 to 1:90 recently. With gold at around US$4,000 per ounce in November, silver is trading around US$51 per ounce.

    Additionally, even if pricing did change drastically to reflect production rates, gold would need to climb by 150 percent from its current price to hit the US$10,000 gold price Neumeyer mentioned back in 2016.

    Why is silver so cheap?

    The primary reason that silver is sold at a significant discount to gold is supply and demand, with more silver being mined annually. While silver does have both investment and industrial demand, the global focus on gold as an investment vehicle, including countries stockpiling gold, can overshadow silver.

    Additionally, jewelry alone is a massive force for gold demand.

    There is an abundance of silver — according to the US Geological Survey, to date 1,740,000 metric tons (MT) of silver have been discovered, while only 244,000 MT of gold have been found, a ratio of about 1 ounce of gold to 7.1 ounces of silver. In terms of output, 25,000 MT of silver were mined in 2024 compared to 3,300 MT for gold.

    Looking at these numbers, that puts gold and silver production at about a 1:7.5 ratio last year, while the price ratio on November 19, 2025, was around 1:81 — a huge disparity.

    Is silver really undervalued?

    Many experts believe that silver is undervalued compared to fellow currency metal gold. As discussed, their production and price ratios are currently incredibly disparate.

    While investment demand is higher for gold, silver has seen increasing time in the limelight in recent years, including a 2021 silver squeeze that saw new entrants to the market join in.

    Another factor that lends more intrinsic value to silver is that it’s an industrial metal as well as a precious metal. It has applications in technology and batteries — both growing sectors that will drive demand higher.

    Silver’s two sides has been on display in recent years: silver demand hit record highs in 2022, according to the Silver Institute, with physical silver investment rising by 22 percent and industrial by 5 percent over 2021. For 2023, industrial demand was up 11 percent over the previous year, compared to a 28 percent decline in physical silver investment.

    Is silver better than gold?

    There are merits for both metals, especially as part of a well-balanced portfolio. As many analysts point out, silver has been known to outperform its sister metal gold during times of economic prosperity and expansion.

    On the other hand, during economic uncertainty silver values are impacted by declines in fabrication demand.

    Silver’s duality as a precious and industrial metal also provides price support. As a report from the CPM Group notes, “it can be seen that silver in fact almost always (but not always) out-performs gold during a gold bull market.”

    At what price did Warren Buffet buy silver?

    Warren Buffett’s Berkshire Hathaway (NYSE:BRK.A) bought up 37 percent of global silver supply between 1997 and 2006. Silver ranged from US$4 to US$10 during that period.

    In fact, between July 1997 and January 1998 alone, the company bought about 129 million ounces of the metal, much of which was for under US$5. Adjusted for inflation, the company’s purchases in that window cost about US$8.50 to US$11.50.

    How to invest in silver?

    There are a variety of ways to get into the silver market. For example, investors may choose to put their money into silver-focused stocks by buying shares of companies focused on silver mining and exploration. As a by-product metal, investors can also gain exposure to silver through some gold companies.

    There are also silver exchange-traded funds that give broad exposure to silver companies and the metal itself, while more experienced traders may be interested in silver futures. And of course, for those who prefer a more tangible investment, purchasing physical bullion in silver bar and silver coin form is also an option.

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

    This post appeared first on investingnews.com

    LAURION Mineral Exploration (TSXV:LME,OTCPINK:LMEFF, FSE:5YD) is a Canadian mid-stage exploration and development company advancing its 100-percent-owned Ishkōday project in Ontario’s Greenstone Belt. The 57 sq km project hosts gold and zinc-copper-silver mineralization, plus two past-producing mines and roughly 280,000 tonnes of historical stockpiles averaging 1.14 g/t gold—offering multiple value streams and strong leverage to both precious and base metals.

    Ongoing drilling, surface work and 3D modeling, supported by leading technical and permitting partners, are outlining a large mineralized system across a 6 km by 2.5 km corridor, highlighting Ishkōday’s district-scale potential. LAURION is also advancing its AEP to enable underground access and potential processing of historical stockpiles, which contain an estimated 10,000 ounces of near-term gold and could provide early cash flow to support future exploration.

    LAURION MineralsIshkōday geology overview

    LAURION’s approximately 73.6 percent insider ownership reflects strong alignment and long-term confidence in the company’s strategy.

    Company Highlights

    • Dual-mineralization, district-scale opportunity: The Ishkōday project features an uncommon pairing of two mineral systems in a single district: 1) a gold dominant orogenic system and gold with silver-zinc-copper epithermal system.
    • Brownfield advantage: Anchored by two historic past-producing mines within a 57 sq km land package in Ontario’s prolific Greenstone Belt.
    • Exceptional insider alignment: Approximately 73.6 percent insider, friends-and-family ownership demonstrates long-term confidence in the project.
    • Robust technical foundation: Nearly 100,000 metres of drilling, advanced 3D geological modeling, and partnerships with leading engineering, geoscience and ESG firms.
    • Near-term cash-flow potential: Surface stockpile and tailings with an historic estimation, containing roughly 10,000 ounces (280kt @ 1.14 g/t Au) of gold pending advanced exploration permit approval.
    • Strategic rerating and M&A appeal: Ongoing derisking, resource growth and permitting progress position Ishkōday as a future development or acquisition candidate in a Tier-1 jurisdiction.

    This LAURION Minerals Exploration profile is part of a paid investor education campaign.*

    Click here to connect with LAURION Minerals Exploration (TSXV:LME) to receive an Investor Presentation

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    Republican legislation brewing in the House of Representatives aimed at addressing civil litigation transparency is sparking concern from some conservative organizations that fear it could chill donor participation and make it more difficult for Americans of modest means to hold ‘woke’ companies accountable. 

    In a letter sent earlier this week, Tea Party Patriots Action urged the House Judiciary Committee to reject HR 1109, introduced by GOP Reps. Darrell Issa, Scott Fitzgerald and Mike Collins, which is known as the Litigation Transparency Act of 2025.

    It’s aimed at ensuring greater transparency in litigation, requiring parties receiving payment in lawsuits to disclose their identity. 

    The letter warns that ‘sweeping disclosure mandates in this bill threaten our core American principles of personal privacy, confidentiality, and freedom of speech and association.’

    ‘This legislation would require litigants to preemptively disclose detailed information about private financial arrangements, such as litigation funding agreements, independent from the discovery process and without any finding of relevance by a judge,’ the letter, signed by over a dozen conservative groups, including America First Legal, Defending Education, Heartland Institute and the American Energy Institute, states.

    ‘The bill’s forced disclosure mandates would broadly apply to any number of political organizations, religious groups, law firms, or individual plaintiffs that rely on outside support to vindicate their rights.

    ‘If adopted, H.R. 1109 will have a chilling effect on free speech and association and directly threaten the privacy rights of Americans,’ the letter warns. ‘The end result will be fewer Americans having the resources or willingness to bring legitimate claims, which threatens to undermine future legal battles over issues critical to our movement.

    ‘The privacy interests at stake here are not abstract. We have seen how disclosure regimes can be easily weaponized by bad actors, particularly those seeking to attack and intimidate political opponents.’

    Issa told Fox News Digital Wednesday afternoon there is ‘misinformation’ circulating about what the bill actually proposes to do, and there will be a ‘small update tomorrow to clarify one item.’

    ‘What’s actually happened is language has been put in to assure groups that we’re not looking to overturn NAACP v. Alabama or any of the other historical 501(c) privileges that you don’t turn over your donor list and so on,’ Issa said. ‘That was something that Obama and Biden tried to do a couple of times. We want nothing to do with that. We’re only asking that if there is a material funder slash partner in a lawsuit, that they be disclosed.

    I fully respect and appreciate the concerns of people who want to make sure that this does not turn into a burdensome discovery of, for example, a nonprofit’s hundreds, thousands or millions of donors.

    ‘We share the concern of all these groups that we wanted to make sure we believed we were on solid ground as written, but in an abundance of caution, my staff and all the parties worked to try to come up with the most straightforward, effective way to say, of course, you don’t have to disclose your donors.’

    Proponents of the legislation, including the U.S. Chamber of Commerce, call it a ‘vital step toward ensuring that our legal system remains a tool for justice rather than being a playground for hidden financial interests.’

    In his press release announcing the legislation in February, Issa said, ‘Our legislation targets serious and continuing abuses in our litigation system that distort our system of justice by obscuring public detection and exploiting loopholes in the law for financial gain.

    ‘Our approach will achieve a far better standard of transparency in the courts that people deserve, and our standard of law requires. We fundamentally believe that if a third-party investor is financing a lawsuit in federal court, it should be disclosed rather than hidden from the world and left absent from the facts of a case.’  

    The press release explained that hundreds of cases a year involve civil cases funded by undisclosed third-party interests as an investment for return from hedge funds, commercial lenders and sovereign wealth funds through shell companies and that there are often investor-backed entities who seek hefty settlements from American companies that end up ‘distorting the free market and stifling innovation.’

    The conversation about the legislation reignites an ongoing showdown between insurers and large corporations that have made the case that third-party funding drives abusive suits and inflated settlements. Some argue there’s a need for more transparency about those who fund litigation and for limits to speculative investment in lawsuits against advocacy-oriented nonprofits and legal networks. Those groups argue they are the only mechanism for those without deep pockets to take legal action against well-funded companies. 

    Many advocacy-oriented nonprofits and legal networks simply don’t hand over charitable donations to a lawsuit. Instead, they use structured litigation vehicles, limited liability companies, donor-advised funds or legal defense trusts that front the costs of a case and are reimbursed, sometimes with interest, if the case wins or settles. The process is known as non-recourse or outcome-contingent funding, meaning the investor only gets money back if the case succeeds.

    Nonprofits like Consumers’ Research have been using litigation finance in recent years to push back against ‘woke capitalism’ to counter ESG and DEI policies. And the group’s executive director, Will Hild, told Fox News Digital it has been ‘all too easy for major companies to use their outsized influence and powerful market shares to push an ideological agenda with little to no recourse.’

    Hild told Fox News Digital he views the legislation as an ‘attack’ on one of the ‘few tools Americans have to hold powerful, woke corporations accountable.’

    Hild added, ‘Even worse, it imposes dangerous disclosure mandates that would force plaintiffs to expose confidential litigation funding agreements. This bill blatantly tips the scales in favor of woke corporations and makes it far harder for victims to secure the resources they need to fight back.’

    The letter from the conservative groups also expresses fear that ‘compelled disclosure of private financial arrangements would force litigants to unveil the identity of donors — violating donor privacy rights and exposing them to threats of harassment and retaliation.’

    In a Tuesday op-ed in The Hill opposing the legislation, Alliance Defending Freedom founder Alan Sears pointed to Supreme Court decisions he says have ‘affirmed that forced disclosure of private association undermines fundamental freedoms.’

    In a statement to Fox News Digital, Rep. Fitzgerald said, ‘As reiterated to these groups in multiple discussions, it remains Congress’ intent to protect the First Amendment rights of those who contribute to political groups and religious organizations, consistent with the Supreme Court’s opinion in Citizens’ United.’

    Organizations that have endorsed the bill have pointed to concerns about foreign funding in courtrooms, specifically from China, including High Tech Investors Alliance, which said in a press release it commends the legislators who put it forward for ‘defending American businesses against the exploitation of our courts by foreign adversaries and unscrupulous hedge funds.’

    ‘For too long, a lack of transparency has allowed shell entities to manipulate the legal system to prey on American employers, concealing their predatory practices and identities of their financial backers,’ HTIA said. ‘As President Trump takes bold action against aggressive economic maneuvers by China and other countries, Congress must also act decisively to protect our judges and juries from becoming tools in the economic warfare waged by antagonists.’

    Leonard Leo, who operates a vast network of conservative nonprofits and is linked to Consumers’ Research, told Politico earlier this year that ‘while there are areas, like mass tort, where litigation financing has been abused and could be reformed, it has always been a critical tool for the conservative movement to advance the public good by taking on the liberal woke agenda.’

    The House Judiciary Committee did not mark the bill up Tuesday, and Fox News Digital is told it will be marked up on Thursday at 12 p.m. 

    ‘If someone is acting as a principal litigant, either directly or one step removed, then you have a right to face them. You have the right to cross-examine them. You have a right to know if they receive your trade secrets that were exposed and disclosed in litigation. These things are all important,’ Issa said.

    He added the legislation does not require materials to be turned over to the defendant, and a judge can review them in private.

    Issa continued, ‘We just want to make sure that the judge knows that just as the markman is a required part of determining what a patent means, that it’s a responsibility of the judge to determine who the litigants are and, as appropriate, disclosing them is required. And that last part has always been ignored a little bit. We’re only making sure that that discovery is asked for and evaluated at a minimum by the judge or magistrate overseeing the case.’


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    The Senate is once again finding a moment of bipartisan unity in its fury over a recently-passed law that would allow lawmakers to sue the federal government and reap hundreds of thousands of dollars in taxpayer money as a reward.

    Lawmakers on both sides of the aisle continue to grapple with the inclusion of a provision in a package designed to reopen the government that would allow only senators directly targeted by the Biden-led Department of Justice (DOJ) and former special counsel Jack Smith’s Arctic Frost investigation to sue the U.S. government for up to $500,000.

    Both Senate Republicans’ and Democrats’ ire at the provision is multi-pronged: some are angry that it was tucked away into the Legislative branch spending bill without a heads-up, others see it as nothing more than a quick pay day for the relatively small group of senators targeted in Smith’s probe.

    ‘I think it was outrageous that that was put in and air dropped in there,’ Sen. Gary Peters, D-Mich., told Fox News Digital. ‘It’s outrageous. It’s basically just a cash grab for senators to take money away from taxpayers. It’s absolutely outrageous, and needs to be taken out.’

    The provision was included in the spending package by Senate Majority Leader John Thune, R-S.D., on request from lawmakers in the GOP. And it was given the green light by Senate Minority Leader Chuck Schumer, D-N.Y.

    The provision is narrowly tailored to just include senators, and would require that they be notified if their information is requested by the DOJ, be it through the subpoena of phone records like in the Arctic Frost investigation or through other means. The idea is to prevent the abuse of the DOJ to go after sitting senators now and in the future.

    Thune pushed back on the notion that lawmakers weren’t aware the provision was in the bill, given that the entire package was released roughly 24 hours before it was voted on, but acknowledged their frustration over how it was added was warranted.

    ‘I think I take that as a legitimate criticism in terms of the process, but I think on the substance, I believe that you need to have some sort of accountability and consequence for that kind of weaponization against a co-equal branch of the government,’ Thune said.

    Schumer, when asked about the anger brewing on both sides of the aisle, heaped the blame on Thune, but noted that it was an opportunity to get protection for Democrats, too.

    ‘Look, the bottom line is Thune wanted the provision, and we wanted to make sure that at least Democratic senators were protected from [Attorney General Pam] Bondi and others who might go after them,’ Schumer said. ‘So we made it go prospective, not just retroactive, but I’d be for repealing all the provision, all of it. And I hope that happens.’

    The House is expected to vote on legislation that would repeal the language, and many in the upper chamber want to get the chance to erase the provision should it pass through the House. Whether Thune will put it on the floor remains in the air though.

    Sen. Josh Hawley, R-Mo., was one of the eight senators whose records were requested during Smith’s probe. He told Fox News Digital that he was neither asked about the provision, nor told about it, and like many other lawmakers, found out about it when he read the bill.

    ‘I just think that, you know, giving them money –- I mean making a taxpayer pay for it, I don’t understand why that’s accountability,’ he said. ‘I mean, the people who need to be held accountable are the people who made the decisions to do this, and, frankly, also the telecom companies. So I just, I don’t agree with that approach.’

    He also took issue with the fact that the provision was narrowly tailored to only apply to the Senate, and argued that it could be reworked to only provide for declaratory judgement in court rather than a monetary one.

    ‘I could see the value of having a court say this was illegal and ruling against the government,’ Hawley said. ‘I think it’s the monetary provisions that most people, including me, really balk at. Like, why are the taxpayers on the hook for this, and why does it apply only to the Senate?’

    The provision set a retroactive date of 2022 to allow for the group of senators targeted in Smith’s Arctic Frost probe to be able to sue. That element has also raised eyebrows on both sides of the aisle.

    Sen. James Lankford, R-Okla., told Fox News Digital that he supported repealing the provision, but wanted to fix it.

    ‘The best way to be able to handle it, I think, is to be able to fix it, take away the retroactivity in it,’ he said. ‘The initial target of this whole thing was to make sure this never happened again.’

    Sen. Andy Kim, D-N.J., told Fox News Digital that the provision was a ‘total mess,’ and raised concerns on a bipartisan basis.

    Not every Senator was on board with ditching the provision, however.

    Sen. Lindsey Graham, R-S.C., made clear that he intends to sue the DOJ and Verizon, his phone carrier, and argued that he didn’t believe that the provision was self-dealing but rather to deter future, similar actions. He also wants to take the provision, or the core idea of it, a step further.

    Graham said that he wanted to open up the process to others, including dozens of groups, former lawmakers and others affected by the investigation.

    ‘Is it wrong for any American to sue the government if they violated your rights, including me? Is it wrong if a Post Office truck hits you, what do you do with the money? You do whatever you want to do with the money,’ Graham said.

    ‘If you’ve been wronged, this idea that our government can’t be sued is a dangerous idea,’ he continued. ‘The government needs to be held accountable when it violates people’s rights.’

    Sen. Ted Cruz, R-Tx., was far more succinct. When asked if he would support a repeal of the provision, he told Fox News Digital, ‘No.’


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    President Donald Trump said on Wednesday evening that he signed legislation greenlighting the Justice Department to release files related to the late financier and convicted sex offender Jeffrey Epstein. 

    ‘I HAVE JUST SIGNED THE BILL TO RELEASE THE EPSTEIN FILES!’ Trump wrote in a lengthy message on the Truth Social platform. ‘As everyone knows, I asked Speaker of the House Mike Johnson, and Senate Majority Leader John Thune, to pass this Bill in the House and Senate, respectively. Because of this request, the votes were almost unanimous in favor of passage. 

    ‘At my direction, the Department of Justice has already turned over close to fifty thousand pages of documents to Congress. Do not forget — The Biden Administration did not turn over a SINGLE file or page related to Democrat Epstein, nor did they ever even speak about him.’

    Trump’s ties to Epstein had faced increased attention after Trump’s Justice Department and FBI announced in July it would not unseal investigation materials related to Epstein, and that the agencies’ investigation into the case had closed.

    But Sunday Trump announced that he backed releasing the documents, asserting that he had ‘nothing to hide.’ 

    ‘As I said on Friday night aboard Air Force One to the Fake News Media, House Republicans should vote to release the Epstein files, because we have nothing to hide, and it’s time to move on from this Democrat Hoax perpetrated by Radical Left Lunatics in order to deflect from the Great Success of the Republican Party, including our recent Victory on the Democrat ‘Shutdown,” Trump wrote.

    The House voted Tuesday to release the files by a 421–1 margin, following pressure for months from the measure’s ringleaders, Reps. Thomas Massie, R-Ky., and Ro Khanna, D-Calif., and other Democrats. 

    Rep. Clay Higgins, R-La., was the only House member to vote against the release, and said he didn’t back the measure because ‘this bill reveals and injures thousands of innocent people — witnesses, people who provided alibis, family members, etc.’ 

    Although Speaker of the House Mike Johnson, R-La., ultimately voted in favor of the measure, he also voiced similar concerns during a Tuesday press conference.

    ‘Who’s going to want to come forward if they think Congress can take a political exercise and reveal their identities? Who’s going to come talk to prosecutors? It’s very dangerous. It would deter future whistleblowers and informants,’ he said. ‘The release of that could also publicly reveal the identity, by the way, of undercover law enforcement officers who are working in future operations.’

    After the House’s approval of the measure, the bill headed to the Senate and passed hours later Tuesday by unanimous consent. 

    The Epstein Files Transparency Act specifically directs the Justice Department to release all unclassified records and investigative materials related to Epstein and Ghislane Maxwell, as well as files related to individuals who were referenced in Epstein previous legal cases, details surrounding trafficking allegations, internal DOJ communications as they relate to Epstein and any details surrounding the investigation into his death. 

    Files that include victims’ names, child sex abuse materials, classified materials or other materials that could threaten an active investigation may be withheld or redacted by the DOJ. 

    Attorney General Pam Bondi told reporters Wednesday that she would comply with the law after it was signed, which directs the Justice Department to release the files online in a searchable format within 30 days. 

    The Epstein files received fanfare among supporters of the president in the early days of the administration as they rallied around the Trump DOJ to release details on Epstein’s alleged ‘client list’ and death. 

    The DOJ and FBI said in a joint memo obtained by Fox News in July that the two agencies had no further information to share with the public about Epstein’s case and suicide in 2019, sparking outrage among some MAGA supporters as they demanded the DOJ release more documents. 

    Trump has since railed against the Epstein case as a ‘Democrat hoax,’ before calling for their release Sunday. 

    The push to release the files gained increased momentum after Democrats on the House Oversight and Government Reform Committee released three emails Wednesday that Epstein’s estate provided to them that mentioned Trump. In turn, Republicans released their own stash of 20,000 pages of Epstein documents that same day.

    Included in the tranche of documents are emails between Epstein and his longtime associate Ghislaine Maxwell, and correspondence with author Michael Wolff, former President Barack Obama’s White House counsel Kathy Ruemmler, among others, where Epstein mentions Trump.

    ‘i want you to realize that that dog that hasn’t barked is trump.. (VICTIM) spent hours at my house with him ,, he has never once been mentioned. police chief. etc. im 75 % there,’ Epstein said in an email to Maxwell in April 2011, which was provided with other correspondence to the committee by Epstein’s estate in response to a subpoena request.

    ‘I have been thinking about that…’ Maxwell said in response.

    Epstein told Wolff in a separate email in 2019 that ‘of course he knew about the girls as he asked ghislaine to stop’ — a reference to Trump. Trump has said that he barred Epstein from his Florida Mar-a-Lago golf club because Epstein kept ‘taking people who worked for me.’

    While the documents themselves are authentic, Epstein’s statements in the emails remain unverified and uncorroborated. The documents do not claim that Trump committed any wrongdoing, and only portray Epstein mentioning the president. 

    Likewise, Trump has not faced formal accusations of misconduct tied to Epstein, and no law enforcement records connect Trump to Epstein’s crimes.

    Epstein died by suicide in 2019 as he was awaiting trial on federal charges. Maxwell was convicted on charges including sex trafficking of a minor and is currently serving a 20-year sentence.

    Fox News’ Elizabeth Elkind and David Spunt contributed to this report. 


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