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Australian mineral exploration company Octava Minerals (ASX:OCT) has selected the drilling contractor for the exploration work commencing at its 100-percent-owned Yallalong antimony project, according to an article by Business News – Australia. The deal will kick off the company’s 3,000-metre program focused on the Discovery target.

“Antimony is on an absolute price tear, up almost 300 percent in the past four years and more recently exacerbated by a Chinese export ban. Given its prospects, Octava would seem to be perfectly positioned to take advantage,” the article said.

The exploration campaign will target the Discovery and Central zones and will begin in the next two weeks. The Central prospect has been drilled before with rock chips reported to contain up to 60 percent antinomy.

Read the full article here.

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President-elect Trump announced Dean John Sauer as his pick for U.S. solicitor general.

‘John is a deeply accomplished, masterful appellate attorney, who clerked for Justice Antonin Scalia in the United States Supreme Court, served as Solicitor General of Missouri for six years, and has extensive experience practicing before the U.S. Supreme Court and other Appellate Courts,’ Trump said in the announcement on Tuesday evening.

Sauer served as solicitor general of Missouri from 2017 to 2023, and represented Trump in his successful appeal to the U.S. Supreme Court in Trump v. United States.

‘Most recently, John was the lead counsel representing me in the Supreme Court in Trump v. United States, winning a Historic Victory on Presidential Immunity, which was key to defeating the unconstitutional campaign of Lawfare against me and the entire MAGA Movement,’ Trump said.

Sauer was a Rhodes Scholar and graduated from Duke University, Oxford University and is a magna cum laude graduate of Harvard Law School.

‘John will be a great Champion for us as we Make America Great Again!’ Trump said.

This is a developing story. Please check back for updates.


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Altech Batteries Limited (Altech/Company) (ASX: ATC) (FRA: A3Y) announces a capital raising of $4 million, comprising the issue of 66,666,667 fully paid ordinary shares in the capital of the Company at an issue price of $0.06 per Share. This price is a premium of 50% of the issue price to the Company’s shareholders in the recent Entitlement Offer conducted on 7 August 24. Participants in the placement will also receive free attaching listed options (ASX: ATCOC) of 1 option for every 1 share issued with an exercise price of $0.06 and expiry date of 31 December 2025.

Highlights

  • Binding Commitments to raise $4 million
  • Placement oversubscribed
  • Issue price of $0.06 per share, a 50% premium to recent Entitlements Issue on 7 August 2024
  • Funds will be used to further progress the CERENERGY® and Silumina AnodesTM Projects

It is proposed that the Shares and Options under the Placement will be issued on 22 November 2024 and will be issued out of the Company’s available capacity under Listing Rules 7.1.

The Placement was managed by Evolution Capital. The costs associated with the Placement was a 6% fee on all funds raised. Evolution Capital will also receive 8,000,000 ATCOC options for managing the Placement.

The funds raised under the Placement will be used for:

  • Securing project finance and bank due diligence process
  • Securing offtake for CERENERGY® project
  • CERENERGY® environmental and project permitting
  • Completion of fabrication of second 60kWh battery prototype for CERENERGY® project
  • Finalise commissioning of the Silumina AnodesTM pilot plant
  • Preliminary assessment into a 4 GWh factory (Giga factory)
  • Corporate costs and working capital.

Managing Director Mr Iggy Tan stated“We are encouraged by the strong market interest in our current initiatives. In August 2024, we conducted an Entitlements Issue at $0.04 per share that provided our existing shareholders with a fair opportunity to participate previously. The current placement at $0.06 per share represents a 50% premium over the recent Entitlements Issue price and Altech does not intend to conduct another Entitlement Issue at the higher price.

This capital raise comes at an exciting juncture for Altech as it advances the commercialisation of its 120MWh CERENERGY® battery project and nears commissioning of the Silumina Anodes™ pilot plant. A portion of the funds will also be allocated to a preliminary study for a larger 4 GWh battery facility, marking the next significant step towards commercialisation”.

The table below outlines the intended use of funds for the $4M raised via this placement.

Click here for the full ASX Release

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Jupiter Energy Limited (ASX: “JPR”) is pleased to provide this update regarding its strategic gas utilisation infrastructure project.

  • Newly installed gas pipelines enable the Akkar East and Akkar North (EB) oilfields to integrate into neighbouring gas utilisation facilities, providing a long term solution to the important issue of 100% gas utilisation.

The Company has been regularly updating shareholders on the significance of building the requisite topside infrastructure that will enable all the wells on the Akkar North (EB) and Akkar East oilfields to be tied into a neighbouring producer’s gas utilisation infrastructure (“the Project”).

The Project is now completed, the pipeline has been commissioned and the first sale of associated gas to neighbour MangistauMunaiGas (“MMG”) has taken place.

The integration of the West Zhetybai oilfield into this same gas utilisation infrastructure is scheduled to be completed during 2025.

The Company now has surety that all associated gas that is produced whilst completing its full field drilling program(s) over its proven oil reserve base, can be utilised in a approved manner. This is a critical milestone for any oil producer in Kazakhstan that has expectations of achieving long term production under its full commercial licences, with sales into both the Kazakh domestic and international export markets.

As a result of the Project, the Company has also been able to develop a much stronger working relationship with its significant oil producing neighbour MMG and the Kazakh Ministry of Energy. Both these relationships are important to the Company, now and into the future.

Of underlying importance, the Project has been identified as a key example of how associated gas, produced during oil production, can be better processed and utilised for the benefit of producers, the local community as well as assisting Kazakhstan in meeting the country’s long term “carbon free” objectives.

Click here for the full ASX Release

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Sarama Resources Ltd. (“Sarama” or the “Company”) (ASX:SRR, TSX- V:SWA) is pleased to present the following Management’s Discussion and Analysis (“MD&A”) is intended to supplement the interim consolidated financial statements of Sarama Resources Ltd. (the “Company” or “Sarama”) and its subsidiaries for the three and nine months ended September 30, 2024.

The interim consolidated financial statements for the three and nine months ended September 30, 2024 have been prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”).

This MD&A is current as at November 14, 2024.

Additional information relating to the Company is available on SEDAR+ at www.sedarplus.ca under the Company’s profile.

OVERVIEW

Sarama is a Canadian-incorporated mineral exploration and development company whose principal business objective is to explore for and develop mineral deposits in prospective jurisdictions as opportunities may present.

The Company was incorporated on April 8, 2010 under the Business Corporations Act (British Columbia). The Company’s primary office is located in Perth, Western Australia. The Company’s common shares are listed on the TSX Venture Exchange (“TSXV”) and Chess Depositary Interests (“CDIs”) on the Australian Securities Exchange (“ASX”) under the codes ‘SWA’ and ‘SRR’ respectively.

The Company built and advanced substantial exploration landholdings in prospective and underexplored areas in south-west Burkina Faso, West Africa and has interests in two projects located principally in the Houndé Belt. Separate to its interests in Burkina Faso, the Company is in the process of acquiring a new gold exploration project in Australia and continues to assess opportunities that align with it’s objective of exploring for and developing mineral deposits in prospective jurisdictions.

The Sanutura Project (the “Project”) is principally located within the prolific Houndé Greenstone Belt in south- west Burkina Faso and was the exploration and development focus of the Company. The Project hosts the Bondi Deposit which has a mineral resource of 0.5Moz gold (Inferred)(3). The Project also formerly hosted the Tankoro Deposit (Mineral Resource of 0.6Moz Au (Indicated) plus 1.9Moz Au (Inferred)(2) until August 2023, when the Company was notified (“Notification”) by the Ministry of Energy, Mines and Quarries of Burkina Faso (the “Government”) that its rights to the Tankoro 2 Exploration Permit (the “Permit”), which hosts the Tankoro Deposit, had been withdrawn in a manner the Company considers to be unlawful (refer news release dated September 6, 2023). The Notification stated that the Company’s application for the Permit was unsuccessful. This is inconsistent with, and contradictory to, formal correspondence from the Government. The Company vigorously disagrees with the illegal withdrawal of its rights. The Tankoro Deposit formed the central component of the Project for which the Company was in the final stages of completing a Preliminary Economic Assessment (“PEA”) to advance the Project toward development.

The Company formally notified the Government of its Intent to Submit Claims to Arbitration (refer news release dated November 30, 2023) under the Agreement between the Government of Canada and the Government of Burkina Faso for the Promotion and Protection of Investments (the “BIT”).

Prior to the illegal withdrawal of the Permit, the Tankoro and Bondi Deposits presented a mine development opportunity featuring a long-life project which the Company believed would have generated very robust and attractive financial returns and could have been established and paid for using the significant oxide mineral resource base. In 2023, Sarama commenced and substantially completed development study work on the Project which was subsequently suspended following receipt of the Notification. See further details on the status of the Permit below under the heading “Status of Mineral Tenure – Tankoro 2 Exploration Permit”.

Click here to view the Q3 2024 Interim Financial Statements

Click here for the full ASX Release

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Boss Energy Limited (ASX: BOE; OTCQX: BQSSF) advises that enCore Energy Corp (NASDAQ:EU|TSXV: EU) (enCore) has published a financial and operational update.

enCore is the operator and 70 per cent-owner of the Alta Mesa Uranium Project in Texas, in which Boss has a 30 per cent stake. Alta Mesa is ramping up to an annualised production rate of 1.5 million pounds U3O8. Boss’ share of this production is 30 per cent.

In the update, enCore said: “The Company’s outlook is positive, with substantial and growing revenue from Alta Mesa contributing to financial results throughout the first nine months of 2024 and beyond, as additional production and extraction wells come online.

“The nuclear industry outlook remains extremely positive with demand projections outpacing supply for the foreseeable future driven in part by increased electrical demand from Artificial Intelligence (“AI”) and the commitment of many sectors of the economy to achieve zero carbon.

“Continued primary uranium production supply disruptions and constraints continue on a global basis as geopolitical tensions, trade restrictions, and local government decisions are observed.

“Current contracting conditions continue to remain favourable, with term contract pricing now higher than at the current spot price in the high US$70s than it was when the spot price reached its twelve-month high of US$107 per pound U3O 1”.

EnCore reported recently that the first IX (ion exchange) plant at Alta Mesa was commissioned in June 2024 with the second IX plant planned to commence operation in the first quarter of 2025 and the third IX plant planned to be online by year end of 2025.

Ion exchange is a filtration system which removes liquid uranium from groundwater before being dried and processed into uranium yellowcake (i.e. U3O8).

Please refer to enCore’s announcement dated November 14, 2024 for further information2.

Click here for the full ASX Release

This article includes content from Boss Energy Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

This post appeared first on investingnews.com

Perth, Australia (ABN Newswire) – Altech Batteries Limited (ASX:ATC) (FRA:A3Y) (OTCMKTS:ALTHF) announces a capital raising of $4 million, comprising the issue of 66,666,667 fully paid ordinary shares in the capital of the Company at an issue price of $0.06 per Share.

Highlights

– Binding Commitments to raise $4 million

– Placement oversubscribed

– Issue price of $0.06 per share, a 50% premium to recent Entitlements Issue on 7 August 2024

– Funds will be used to further progress the CERENERGY(R) and Silumina AnodesTM Projects

This price is a premium of 50% of the issue price to the Company’s shareholders in the recent Entitlement Offer conducted on 7 August 24. Participants in the placement will also receive free attaching listed options (ASX:ATCOC) of 1 option for every 1 share issued with an exercise price of $0.06 and expiry date of 31 December 2025.

It is proposed that the Shares and Options under the Placement will be issued on 22 November 2024 and will be issued out of the Company’s available capacity under Listing Rules 7.1.

The Placement was managed by Evolution Capital. The costs associated with the Placement was a 6% fee on all funds raised. Evolution Capital will also receive 8,000,000 ATCOC options for managing the Placement.

The funds raised under the Placement will be used for:

– Securing project finance and bank due diligence process

– Securing offtake for CERENERGY(R) project

– CERENERGY(R) environmental and project permitting

– Completion of fabrication of second 60kWh battery prototype for CERENERGY(R) project

– Finalise commissioning of the Silumina AnodesTM pilot plant

– Preliminary assessment into a 4 GWh factory (Giga factory)

– Corporate costs and working capital.

Managing Director Mr Iggy Tan stated ‘We are encouraged by the strong market interest in our current initiatives. In August 2024, we conducted an Entitlements Issue at $0.04 per share that provided our existing shareholders with a fair opportunity to participate previously. The current placement at $0.06 per share represents a 50% premium over the recent Entitlements Issue price and Altech does not intend to conduct another Entitlement Issue at the higher price.

This capital raise comes at an exciting juncture for Altech as it advances the commercialisation of its 120MWh CERENERGY(R) battery project and nears commissioning of the Silumina Anodes(TM) pilot plant. A portion of the funds will also be allocated to a preliminary study for a larger 4 GWh battery facility, marking the next significant step towards commercialisation’.

To view the intended use of funds for the $4M raised, please visit:
https://abnnewswire.net/lnk/7B3ZY5B0

About Altech Batteries Ltd:  

Altech Batteries Limited (ASX:ATC) (FRA:A3Y) is a specialty battery technology company that has a joint venture agreement with world leading German battery institute Fraunhofer IKTS (‘Fraunhofer’) to commercialise the revolutionary CERENERGY(R) Sodium Alumina Solid State (SAS) Battery. CERENERGY(R) batteries are the game-changing alternative to lithium-ion batteries. CERENERGY(R) batteries are fire and explosion-proof; have a life span of more than 15 years and operate in extreme cold and desert climates. The battery technology uses table salt and is lithium-free; cobalt-free; graphite-free; and copper-free, eliminating exposure to critical metal price rises and supply chain concerns.

The joint venture is commercialising its CERENERGY(R) battery, with plans to construct a 100MWh production facility on Altech’s land in Saxony, Germany. The facility intends to produce CERENERGY(R) battery modules to provide grid storage solutions to the market.

Source:
Altech Batteries Ltd

Contact:
Corporate
Iggy Tan
Managing Director
Altech Batteries Limited
Tel: +61-8-6168-1555
Email: info@altechgroup.com

Martin Stein
Chief Financial Officer
Altech Batteries Limited
Tel: +61-8-6168-1555
Email: info@altechgroup.com

News Provided by ABN Newswire via QuoteMedia

This post appeared first on investingnews.com

Senate Democrats are rushing to confirm as many of President Biden’s judicial picks as possible ahead of a Trump presidency, according to reports. Several of the nominees have previously come under fire by Republicans.

Democrats so far have confirmed 215 of Biden’s judicial picks, and the Senate most recently confirmed Jonathan E. Hawley as a U.S. District Judge for the Central District of Illinois Wednesday. 

He was confirmed in a 50-46 vote. 

However, Biden’s confirmation numbers continue to trail President-elect Trump’s 234 confirmations during his first term, including three to the U.S. Supreme Court. 

Democrats on the Senate Judiciary Committee have been vocal in recent days about prioritizing judicial confirmations during the lame-duck session, tweeting Wednesday, ‘We’re going to confirm every possible federal judge in the lame-duck session.’

Along with Hawley’s confirmation this week, the Senate also confirmed April M. Perry to be a U.S. District Court Judge for the Northern District of Illinois, while Democrats also moved Embry Kidd’s nomination process forward to serve as a circuit court judge for the 11th Circuit. 

Several of Biden’s nominees, however, have come under Republican fire during hearings. 

Kidd, a district judge in the Middle District of Florida, made headlines this summer after he failed to disclose on his questionnaire at least two child sex-related cases he ruled on and later had his rulings reversed, according to a report by the Washington Examiner.

Anthony J. Brindisi, a former Democratic representative who serves on the New York State Court of Claims in Utica, New York, and was tapped by Biden in July, was the target of various lines of questioning in which he attempted to frame himself as a jurist versus a politician. 

‘On the bench, are you a politician or a judge?’ Tennessee Republican Sen. Marsha Blackburn asked him during the hearing. 

‘I’m a judge, senator,’ Brindisi responded. 

Despite Democrats’ efforts to kick judicial confirmations into high gear, Senate Democrats have expressed concern over Senate Judiciary Chairman Dick Durbin’s ability to block Trump’s judicial agenda once he takes over the Oval Office in January, according to a recent report by Axios. 

The report said multiple Democrats cited Durbin’s age as a major factor. Durbin is 79 years old. 

‘Sen. Durbin has successfully led the Judiciary Committee for the past four years as chair — leading to 215, and counting, lifetime judges confirmed during the Biden administration,’ Durbin’s office told Fox News Digital in a statement. ‘And as a senior Democratic member of the committee during the first Trump administration, Sen. Durbin served as a crucial voice pushing back against the unqualified Trump judicial nominees. Simply put, he’s been an outstanding chair and stands ready to continue to lead his colleagues as ranking member in the 119th Congress.’

Senate Minority Whip John Thune, R-S.D., who will be the new Republican Senate leader after he won in a secret ballot Wednesday, will serve a crucial role in advancing Trump’s judicial agenda in the Senate. Thune wrote in an op-ed earlier this week that Senate Republicans will work with the president-elect to confirm his nominees and pass ‘our shared agenda.’ 

‘As Congress returns to Washington, we must prepare the Senate to advance that agenda legislatively and ensure that the president-elect can hit the ground running with his appointees confirmed as soon as possible,’ Thune wrote. 

Trump took to social media Sunday to voice his opinion on the matter, writing, ‘Additionally, no Judges should be approved during this period of time because the Democrats are looking to ram through their Judges as the Republicans fight over Leadership. THIS IS NOT ACCEPTABLE. THANK YOU!’

‘In his first term, President Trump appointed constitutionalist judges who interpret the law as written. He will do so again,’ Brian Hughes, Trump-Vance transition spokesperson, told Fox News Digital in a statement. 


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The Biden administration is facing backlash after it was revealed on social media that a top official would be participating in a two-day forum hosted by a group with deep ties to the Chinese Communist Party (CCP).

U.S. Ambassador to China Nicholas Burns will be a keynote speaker at the 5th US-China Hong Kong Forum starting Friday, which is being hosted by the China-United States Exchange Foundation (CUSEF), according to the group’s website.

Burns’ decision to speak there has sparked criticism from China experts, including one expert who told Fox News Digital that Burns is ‘legitimizing Beijing’s malign influence.’

‘Both Mao Zedong and Xi Jinping have called the united front a ‘magic weapon.’ It’s highly deceptive because it allows the Chinese Communist Party to advance its interests in America with American voices,’ said Michael Sobolik, author of ‘Countering China’s Great Game: A Strategy for American Dominance.’

‘If you want to understand Beijing’s long game, look no further. They cultivate relationships with strategically placed Americans to parrot CCP propaganda under the guise of free speech,’ Sobolik, a Senior Fellow in Indo-Pacific Studies at the American Foreign Policy Council, added. 

‘By attending this conference, Amb. Burns is legitimizing Beijing’s malign influence. He should be calling it out and blunting it.’

‘Especially bad decision on the eve of the Hong Kong 47 pro democracy activists scheduled for sentencing,’ U.S. Director of the Committee for Freedom in Hong Kong Jonathan Stivers posted on X. ‘State Dept. should be sanctioning HK officials not joining their conference.’

Fox News Digital has previously reported on CUSEF’s ties to the CCP and its president, James Chau, who ‘joined CUSEF in 2018’ and was ‘working with its founder The Hon. Tung Chee-hwa’ before he became the group’s president in 2023, according to his CUSEF bio.

Fox News Digital has extensively reported on Tung Chee-hwa, who served as a vice chair of the Chinese People’s Political Consultative Conference (CPPCC), a key part of the CCP’s united front system, which operates to advance the CCP’s interests at home and abroad.

One report details how Julia Wilson, a Black public relations consultant, was paid over $1 million by Chee-hwa’s CUSEF to help the Chinese government learn about Black Americans and gain influence with historically black colleges and universities and Black leaders. 

‘In 2009, the former chief executive of Hong Kong [Tung Chee-hwa] visited me in my office with his staff from the China-United States Exchange Foundation, and they wanted to know how we got a Black president,’ Wilson, whose office is across the street from the White House, told college students during a 2017 presentation. ‘They were saying, ‘We don’t know anything about Black people. So can you write us a white paper and share it with us? How did Black people get enough power to vote a Black man into office?’ So they really needed an overview of our history. Who are we? Who are African Americans?’

CUSEF’s most recent annual report, which was published in July, reveals how the ‘independent, non-profit and non-governmental foundation’ is heavily influenced by the CCP, ranging from advisers and partners to donors. 

One of the top partners of CUSEF is the People’s Association for Friendship with Foreign Countries, which was previously labeled as a ‘Beijing-based organization tasked with co-opting subnational governments’ and seeking to ‘directly and malignly influence state and local leaders to promote the PRC’s global agenda,’ according to a 2022 report from the Biden administration’s Director of National Intelligence (DNI).

Another partner on CUSEF’s annual report is the China Ministry of Foreign Affairs, an instrumental part of the CCP’s apparatus that regularly coordinates with top CCP branches and leaders, according to its website. Other partners include top Chinese and American universities like Princeton, Georgetown, Harvard and Columbia. Sidwell Friends School, the elite private school where former President Obama’s daughters and President Biden’s grandchildren attended, was also on the list.

In addition to Burns, several other former U.S. officials are scheduled to participate in the forum, including former President Obama’s ambassador to China, Max Baucus, and Rick Waters, who served as the top China policy official in Biden’s State Department.

Baucus, a longtime friend and former Senate colleague of Biden, has extensive ties to China through his institute, which Fox News Digital previously reported was funded by a Chinese company whose founder has deep ties to the CCP and was recognized as the party’s ‘National Outstanding Communist Party Member’ in 2021. His institute’s China study-abroad program is also almost fully funded by CUSEF, according to its website.

Baucus also met with Hunter Biden, who boasted that he had a ‘very good relationship’ with Baucus, and his Chinese business associates on multiple occasions, according to emails previously reported by Fox News Digital.  

Several of CUSEF’s donors, who include Chinese billionaires, also have CCP ties. Wang Jianlin, the billionaire chair of the Wanda Group, is a CCP member and served in the 17th National Congress of the Communist Party of China. He is also a longtime member of the CPPCC. Bernard Chan, another donor listed in CUSEF’s annual report, appears to be the same Bernard Chan who served as the Hong Kong Deputy to the National People’s Congress of the People’s Republic of China, the highest organ of state power in the CCP, for 15 years.

Multiple members of CUSEF’s governing board also have CCP ties, including Peter Woo, who is currently a member of the Standing Committee of the 11th CPPCC. Liu Changle, the founder of the Chinese state-owned Phoenix Satellite Television, also has several CCP ties, according to CUSEF’s website.

The White House, State Department and CUSEF did not respond to Fox News Digital’s requests for comment.

Fox News’ Jessica Chasmar contributed reporting.


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A woman reportedly told the House Ethics Committee that she had sexual relations with Rep. Matt Gaetz, R-Fla., when she was 17 years old.

ABC News reported on Thursday that the woman testified to the committee in its investigation into Gaetz, which has now ceased after House Speaker Mike Johnson, R-La., announced that Gaetz resigned from Congress on Wednesday.

Gaetz told Fox News Digital in response to the new report, ‘These allegations are invented and would constitute false testimony to Congress. This false smear following a three-year criminal investigation should be viewed with great skepticism.’

The resignation announcement came hours after President-elect Donald Trump tapped Gaetz to be his attorney general.

The chief counsel for the House Ethics Committee declined to comment when asked by Fox News Digital.

Fox News Digital also reached out to Gaetz’s congressional office for comment.

The Department of Justice (DOJ) had previously spoken to the woman, now in her twenties, according to ABC, as part of its years-long investigation into Gaetz related to accusations of sex trafficking and obstruction of justice.

The DOJ ultimately did not press charges, and Gaetz has consistently denied all wrongdoing.

The woman was subpoenaed by the House Ethics Committee over the summer, the report said.

The panel was expected to meet soon and potentially release a report on its investigation into Gaetz, but now that he resigned, the committee has lost jurisdiction over the matter.

The report could still be released, though it would break committee precedent.

But it could come out if Gaetz goes through the Senate confirmation process to lead the department that once investigated him.

Sen. John Cornyn, R-Texas, a senior member of the Senate Judiciary Committee, suggested he’d want to see the report.

‘I think there should not be any limitation on the Senate Judiciary Committee’s investigation, including, whatever the House ethics committee has generated,’ he told reporters.


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