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President Donald Trump’s recent visit to the UAE marked a pivotal moment for UAE-U.S. bilateral relations, shining a spotlight on a shared vision for the future. As the UAE and the ‘New Gulf’ pivot from oil to cutting-edge technologies, our partnership with the U.S., rooted in decades of trust, has become a beacon of what’s possible when nations collaborate. 

This trust has paved the way for a bold new chapter: a strategic economic alliance poised to create tens of thousands of high-tech, energy and manufacturing jobs, driving prosperity in both of our countries.  

At the heart of this collaboration lies the new U.S.-UAE AI Acceleration Partnership. This initiative will advance cooperation in artificial intelligence and other transformative technologies while spurring investment flows between our nations.  

A cornerstone of this effort is the establishment of a 10-square mile state-of-the-art AI campus in Abu Dhabi, the largest outside the U.S.. With five gigawatts of AI data center capacity, it will act as a vital hub for U.S. hyperscalers or large cloud service providers and large enterprises, serving partners and friends across the region and in the global south.  

To support this vision, the UAE and U.S. governments have agreed on a pathway for the UAE to acquire advanced American AI semiconductors.  

A handful of U.S. voices have begun to raise concerns about the security of this technology. The fact is that we understand these concerns and fully agree that access to sensitive technologies comes with great responsibility.  

Importantly, this new partnership sets a global benchmark for securing advanced U.S. technology. Through the implementation of a ‘Regulated Technology Environment,’ approved UAE organizations acquiring regulated US technologies will adhere to extensive physical and cybersecurity protocols.  

These involve regular audits, third-party validations and active oversight by both nations’ governments. The direct involvement of leading U.S. companies further ensures that advanced AI chips and technologies are fully protected from diversion or unauthorized access. 

UAE forging a new path in the Middle East

This is nothing new. These measures underscore our commitment to a long-term, trusted technology partnership with the U.S. that builds on decades of collaboration. 

The UAE previously established the Executive Office for Control and Non-Proliferation with the mission to enhance export controls and prevent the unauthorized transfer of dual-use military/civilian items and technologies. For over 25 years, the UAE has deployed cutting-edge American defense technologies, from F-16 fighter jets to THAAD missile systems. And the strict safeguards in a landmark 2009 agreement have enabled the UAE access to U.S. civilian nuclear energy know-how and cooperation.  

Further confirming this mutual trust, UAE-backed GlobalFoundries manufactures America’s most classified microchips for defense and advanced computing in upstate New York and Vermont. As a key part of the new partnership, UAE companies will expand these technology investments into new U.S. data centers, digital infrastructure and energy projects, critical to powering the AI revolution. 

These measures underscore our commitment to a long-term, trusted technology partnership with the U.S. that builds on decades of collaboration. 

This partnership is a two-way street. U.S. companies are also doubling down on their presence in the UAE. Microsoft is partnering with G42, Google is launching a Cyber Security Excellence Center in Abu Dhabi, and Raytheon is opening a new UAE production facility. 

Major U.S. financial institutions, including BlackRock and JPMorgan, have set up shop in Abu Dhabi, while Wynn Resorts and Disney are developing landmark projects in the Emirates. From Abu Dhabi to Atlanta, Dubai to Detroit, and Ras Al Khaimah to Reno, investment is flowing, technology is advancing and businesses are thriving.  

The recent meeting between President Trump and UAE President His Highness Sheikh Mohammed bin Zayed Al Nahyan wasn’t just a celebration of past achievements, it was a launchpad for what’s next. This partnership isn’t just about quick wins; it’s about building a shared future of innovation, opportunity, and prosperity. Together, the UAE and the U.S. are crafting a legacy that will not only benefit our two nations but also inspire progress around the world for decades to come.  


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Billionaire business tycoon Elon Musk, who issued a scathing rebuke of the One Big Beautiful Bill Act and the House Republicans who voted for it, is sounding the alarm about America’s profligate spending, warning that it will plunge the nation ‘into debt slavery.’

‘This immense level of overspending will drive America into debt slavery!’ Musk declared early on Wednesday in a post on X. 

His warning comes as the U.S. national debt is more than $36 trillion. 

‘Interest payments already consume 25% of all government revenue. If the massive deficit spending continues, there will only be money for interest payments and nothing else! No social security, no medical, no defense … nothing,’ he declared in another post.

President Donald Trump has been supporting the proposal that cleared the House last month, but on Tuesday, Musk blasted both the measure and those who voted for it.

‘I’m sorry, but I just can’t stand it anymore. This massive, outrageous, pork-filled Congressional spending bill is a disgusting abomination. Shame on those who voted for it: you know you did wrong. You know it,’ Musk asserted in a post on X.

White House defends

When Fox News’ Peter Doocy brought up Musk’s critique on Tuesday, White House press secretary Karoline Leavitt said that ‘the president already knows where Elon Musk stood on this bill. It doesn’t change the president’s opinion. This is one big, beautiful bill, and he’s stickin’ to it.’

Musk is pounding the drum on the importance of tackling America’s debt and spending problems.

Trump requests to codify DOGE cuts as Elon Musk dishes criticism of

‘Mammoth spending bills are bankrupting America! ENOUGH,’ Musk declared in a tweet.


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Despite occasional political friction, the United States and Canada remain deeply intertwined economically and culturally. Their similarities make them ideal for comparison — especially when investigating the causes of rising rents and housing prices, which have surged in lockstep in both countries.

Between 2019 and 2024, Canada’s median home price skyrocketed 45 percent to CN $481,745, according to Zoocasa. In the United States, the increase was 34 percent over the same period, landing at $426,800, per the St. Louis Fed.

Rental costs followed suit. Nerdwallet reported Canadian average earnings rose 74.3 percent from 2003 to 2023, but home prices ballooned 227 percent. US income grew 86 percent, but home prices climbed 135 percent. Rents nearly doubled in both nations.

So, what’s to blame for this housing inflation? According to regulators on both sides of the border, the culprit is property management software — specifically, artificial intelligence-driven pricing tools like RealPage’s rent optimization algorithm. These tools suggest optimal rent levels based on a property’s characteristics and local market conditions. Politicians allege these AI tools amount to collusion, functioning as high-tech price-fixing. This regulation-happy narrative couldn’t be further from the truth.

A Fallacy of Central Planning

In Canada, a class-action lawsuit filed last December targets RealPage and 14 property management firms. However, the AI pricing tool in question is barely used there — it accounts for no more than 1 percent of the Canadian rental market, and even then, the pricing algorithm is not used — the software is largely relegated to back-office bookkeeping. Yet, Canada’s rent still surged. The software didn’t cause the crisis — it’s merely a scapegoat for deeper systemic problems.

Still, politicians and the press are pressing forward.

In the US, the now-departed Biden DOJ launched an antitrust suit that mirrors the Canadian claims. Senator Amy Klobuchar has also introduced legislation aimed at “curbing” rental AI software.

As Friedrich Hayek warned, “The more the state ‘plans,’ the more difficult planning becomes for the individual.” 

This is a textbook case of regulatory overreach founded on a flawed assumption: that prices are made in boardrooms or by algorithms, rather than in the marketplace through voluntary exchange and supply-demand dynamics.

The Real Drivers: Cantillon Effects and Regulatory Distortion

If we’re serious about diagnosing the problem, we must consider the Austrian theory of malinvestment and Cantillon effects. Central banks’ decade-long policy of artificially low interest rates — pushed under the guise of stimulus — has distorted capital allocation. Cheap credit flooded into real estate markets, fueling speculative bubbles and driving up housing prices beyond what middle-class incomes could support.

At the same time, government-imposed zoning restrictions, construction permit delays, and rent control laws have stifled the supply of new housing. This is a classic example of what Ludwig von Mises called interventionism — a patchwork of state interference that produces unintended consequences worse than the problems it seeks to solve.

A Toronto survey by Simplydbs reveals the public understands what many policymakers do not. Renters cited inflation, limited housing construction, and high ownership costs as the primary causes of rising rents. Landlords ranked lowest. The market participants themselves see the truth.

Spontaneous Order, Not Bureaucratic Panic

The market process is decentralized. Prices convey knowledge dispersed among millions of actors — what Hayek called the “use of knowledge in society.” AI pricing tools merely aggregate this knowledge more efficiently. They do not override it. Banning such tools won’t bring prices down. It will only cripple landlords’ ability to respond to local conditions in real time — likely causing even more inefficiencies.

Moreover, this crackdown on AI rent tools is not a principled stand against monopoly or collusion. It’s a case of political theater — an attempt to externalize blame for inflation that was caused by governments and central banks themselves. As Mises wrote, “Government is the only agency that can take a useful commodity like paper, slap some ink on it, and make it totally worthless.”

We are living with the consequences of unsound money, bad regulation, and housing policy shaped by political expediency, not market principles. That is the root of rent inflation — not software, and certainly not landlords using modern tools to navigate distorted markets.

If the goal is affordable housing, the answer lies in removing the regulatory roadblocks, ending monetary inflation, and letting the market perform its coordinating function free from coercive interference. Anything else is just a detour on the road to serfdom.

On May 16, Moody’s Ratings downgraded the US government’s long-term issuer and senior unsecured ratings from Aaa (the highest possible rating) to Aa1 and revised the outlook to stable from negative. The rating agency cited the likelihood of “persistent, large fiscal deficits [that] will drive the government’s debt and interest burden higher” due to deficits driven by increasing entitlement spending and plateauing tax revenues.

Moody’s, however, was late to the party. S&P Global ratings downgraded the US government’s credit rating in 2011, and Fitch Ratings issued a downgrade in 2023. Both cited similar concerns over growing budget deficits and doubts about the ability to pay them.

Unfortunately, when the US cannot keep its finances in order, American families will feel the squeeze through higher borrowing costs, higher taxes, a more aggressive tax collection regime, and a weaker dollar.

Government Debt Hurts Private Borrowers

At a basic level, the yield curve (a visual representation of how much it costs the Treasury to borrow money for different periods of time) serves as a benchmark for market interest rates, including corporate bonds and mortgage rates. Much like when a credit score downgrade results in higher personal borrowing costs, the US credit downgrade will mean higher borrowing costs to offset the increased risk of lending. These higher borrowing costs will be reflected on the yield curve and prompt private creditors to raise interest rates to firms and individuals as well.

Nobel Prize-winning economist James Buchanan noted that when private investors purchase government debt, they forgo the next-highest valued use of their capital. As Buchanan put it, spending that is funded by debt is “in effect chopping up the apple trees for firewood, thereby reducing the yield of the orchard forever.” 

Government borrowing diverts capital from more productive private sector uses (i.e. research, innovation, and/or business expansion) that could help improve the standard of living for everyday Americans.

Furthermore, the government’s growing demand for loanable funds puts upward pressure on interest rates (the price of borrowing). Lenders will demand higher returns, and individual borrowers will need to offer more competitive terms to access credit. This means higher interest rates on mortgages, credit cards, and personal loans.

Government Debt Hurts Taxpayers

As the US government faces higher borrowing costs, net interest payments (the interest the government must pay on its debt, offset by interest income) will dramatically increase. The image below comes from the AIER Explainer “Financing the Federal Government: How Government Takes & Spends Your Money”; it depicts a breakdown of how the federal government spent each dollar in FY 2024, which ended on October 1, 2024, long before the Moody’s downgrade.

Sources: “Tables B-1-B-5 and Supplemental Tables” in The Budget and Economic Outlook: 2025 to 2035. Design inspired by Heritage Foundation, National Priorities Project, and The Atlantic. Image from Wikimedia Commons.

Note that 13.5 cents of every dollar went to net interest payments. As borrowing costs increase, more spending is dedicated to net interest payments, which then crowds out funding for other federal programs. My former colleague Brooklyn Roberts and I discussed this after the Fitch Rating downgrade in August 2023, noting that cuts to transfer payments (particularly Medicaid) to state and local governments would be seen by federal policymakers as more politically viable than addressing bloated federal programs.

So far, the federal government has spent $578.7 billion on net interest payments out of the $4.16 trillion spent this fiscal year. In other words, 14 cents of every dollar this fiscal year is going to net interest payments, which is likely to increase by the end of FY 2025.

Buchanan also noted that debt-financed spending shifts tax burdens from present to future generations. While bond investors trust that their loan will be paid back with interest, future generations will bear the cost of the government spending undertaken today. 

A Declining Dollar Hurts Everyone

The credit downgrade, along with uncertainty in monetary policy, has hurt the dollar. The US Dollar Index (DXY) fell following the credit downgrade announcement and continues to decline. Analysts also note that the decline in demand for Treasury notes also led to a decline in demand for dollars.

As the demand for the dollar decreases, a sell-off of dollar assets could increase the supply of dollars in the foreign exchange market, leading to further depreciation in the dollar’s value. This depreciation is likely to lead to reduced living standards, weaker economic growth, and higher inflation.

Ultimately, policymakers in Washington are only hurting themselves. As my colleague Pete Earle aptly put it:

“The greatest threat to the soundness and utility of the US dollar, and in turn to the financial health and prosperity of American civil and commercial life, comes not from shadowy figures in faraway lands, but from unremarkable apparatchiks carrying out the edicts of US officialdom.”

As the US loses its status as the world’s reserve currency, politicians and bureaucrats in Washington have no one to blame but themselves.

Can Washington Course Correct?

Earle notes that there is still time to correct course through “economically coherent, consistently applied policies.” Ultimately, this must come from serious spending reform and (particularly) spending reduction.

My colleague Ryan Yonk and I lay out several options for spending reform in the AIER Explainer “Understanding Public Debt.” While the Department of Government Efficiency (DOGE) seemed to get off to a promising start in January, it failed to tackle the primary driver of spending growth: entitlements. Worse, members of Congress have thus far failed to make the few cuts DOGE recommended permanent. Now, DOGE Director Elon Musk is stepping down.

After the news of Musk’s DOGE exit broke, a headline from The Babylon Bee quipped “Elon Musk Leaves Job Of Making Government More Efficient For Much Easier Job Of Sending Humans To Mars.” 

Reversing course is possible, but it will demand political courage and coordination to overcome the incentives millions in the federal government have to maintain “business as usual.” Let’s hope such a transformation is still possible.

triumph gold Corp. (TSXV: TIG) (OTC Pink: TIGCF) (FSE: 8N6) (‘triumph gold’ or the ‘Company’) is pleased to announce the acquisition of the Coyote Knoll Silver (Ag Gold (Au) Property, located in central Utah, approximately 40 km southwest of the prolific Tintic Mining District (Figure 1).

triumph gold has entered into an agreement to purchase the Coyote Knoll Silver-Gold property for the sum of $150,000USD and the issuance of one million common shares of the Company. Prior to one year from the date of purchase, one million common shares shall be issued to the seller; prior to two years from the date of purchase one million common shares will be issued; prior to three years from the date of purchase one million common shares shall be issued to the seller. Before four years from the date of purchase a three million dollar payment in cash or shares will be made to the seller.

Highlights:

  • Approximately 2,600 metres of RC drilling have been completed, highlighted by 1,350.36 g/t Ag and 3.86 g/t Au over 3.00 metres in ATC-C6 (Table 1 & 2 and Figure 2)NI 43-101 Disclosure 1.
  • Historical rock samples returned silver and gold values, up to 6,730.00 g/t Ag and 23.30 g/t Au (Table 2)NI 43-101 Disclosure 2.
  • Two east-west parallel veins were identified through reverse circulation (RC) drilling and exposed during mining.
  • Recent surface sampling confirmed silver and gold mineralization, with grab samples returning up to 795 g/t Ag and 1.58 g/t Au (Table 4)NI 43-101 Disclosure 2.
  • In 2012, a 12-ton representative bulk sample returned an average grade of 43.60 oz/ton silver and 0.13 oz/ton goldNI 43-101 Disclosure 3.
  • In 1998 Phoenix Gold Resources shipped Coyote Knoll ore to Clifton Mining’s mill at Gold Hill where a 1,000 ounces of silver doré was producedNI 43-101 Disclosure 4.
  • A second mineralized structure, trending northwest-southeast, has been identified through surface sampling and RC drilling.

John Anderson, Chairman and CEO of triumph gold, stated:

‘The Coyote Knoll acquisition represents an exciting addition to our portfolio. Located in a mining-friendly and historically significant region, the property demonstrates high-grade silver mineralization and favorable geological features, similar to those found in the Tintic Mining District. With the confirmation of epithermal silver-gold mineralization and the potential for further discovery, we look forward to advancing exploration at Coyote Knoll.’

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Figure 1. Coyote Knoll property location map.

To view an enhanced version of this graphic, please visit:
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Figure 2. Coyote Knoll drill and sample highlights.

To view an enhanced version of this graphic, please visit:
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Location and Geological Overview:

Coyote Knoll is located in central Utah, approximately 85 km south of Bingham Canyon Cu-Mo-Au Porphyry deposit and 40 km southwest of the city of Eureka. Eureka is historically associated with the Tintic Mining District, which has been a major producer of gold, silver, lead, and zinc from both epithermal and Carbonate Replacement Deposits (CRD). The Tintic District is known for its productive mining history and the potential for undiscovered porphyry systems.

Coyote Knoll was discovered in 1988, with subsequent exploration activities including mapping, trenching, rock sampling, and induced polarization and magnetic geophysical surveys. Follow-up work also included near-surface Reverse Circulation RC-drilling, totaling 2,606.96 metres across 33 drill holes. Highlights from historical drilling are summarized in Table 1 & 2, and surface samples are highlighted in Table 3. A 12-ton representative bulk sample was also mined from a shallow open pit, centered over the east-west (70°) trending mineralized structure. Silver and gold epithermal mineralization was exposed over approximately 60 metres within the open pit and has been delineated for 1.5 km through surface trenching, sampling, and shallow RC drilling (Figure 2).

Table 1. Historic RC drilling composite highlights

Hole-ID From (m) To (m) Interval (m) Ag g/t Au g/t
AT1-C6 54.10 57.10 3.00 1350.36 3.86
CK-10 68.60 74.70 6.10 114.84 0.12
AT1-C5 49.80 54.30 4.50 99.37 0.40
CK-1 27.40 32.00 4.60 68.89 0.09
CK-10 51.80 54.90 3.10 67.81 0.38
CK-10 61.00 64.00 3.00 38.50 0.08
CK-2 36.60 39.60 3.00 60.00 0.18
CK-2 53.30 57.90 4.60 39.04 0.09
CK-15 21.30 24.40 3.10 40.39 0.07

 

NI 43-101 Disclosure 1.

*Composites grades were calculated using Datashed software with >25 g/t Ag cutoff and

Table 2. Historical drill attributes for Table 1 highlights.

Hole-ID Easting Northing Elevation (m) Depth (m) Azimuth Dip
AT1-C5 367,889 4,408,432 1,622 76 -90
AT1-C6 367,897 4,408,436 1,621 75 -90
CK-1 367,904 4,408,411 1,613 80 170 -60
CK-2 367,910 4,408,421 1,616 87 -90
CK-10 367,951 4,408,442 1,624 110 -90

 

NI 43-101 Disclosure 1.

Two additional historical drill holes (CK-141. and CK-232.) have previously been reported to contain high gold values and are in proximity to the open pit. CK-14 has an intercept of 8.19g/t Au and 1,060g/t Ag over 1.52 m from 9.14 m downhole. CK-23 has an intercept of 2g/t Au and 814g/t Ag over 1.52 m from 45.72 m downhole.

  1. Freeport-McMoRan Gold Company, 1989-1990; Reverse Circulation Drill Hole CK-14; from NI 43-101 Technical Report on the Coyote Mine Project Juab County, Utah, USA, Arthur J. Mendenhall.
  2. Freeport-McMoRan Gold Company, 1989-1990; Reverse Circulation Drill Hole CK-23; from NI 43-101 Technical Report on the Coyote Mine Project Juab County, Utah, USA, Arthur J. Mendenhall.

Table 3. Historic rock sample highlights

Sample-ID Easting Northing Ag g/t Au g/t
CK-5 367,870 4,408,430 6730.00 23.30
54359 367,924 4,408,270 6687.08 26.37
CK-6 367,870 4,408,430 6490.00 13.10
CKRX-0001 367,928 4,408,377 5570.00 12.25
CK-3 367,870 4,408,430 2270.00 9.63
48396 367,884 4,408,389 1673.83 7.30
48395 367,933 4,408,423 1638.86 0.51
48382 367,927 4,408,360 1086.86 6.03
CK-4 367,870 4,408,430 979.00 14.05
48380 367,911 4,408,333 600.69 1.03
54354 367,858 4,408,379 370.97 0.31
56251 367,411 4,408,309 172.00 173.14
CKRX-0027 368,645 4,408,585 3.38 0.02

 

NI 43-101 Disclosure 2.

While Coyote Knoll is approximately 40 km southwest of the Tintic District the geological setting at Coyote Knoll exhibits similarities to the Tintic Mining District. Where precious metal epithermal veins at the Trixie Mine are formed within faulted quartzites and the Burgin and Tintic Standard mines are hosted in carbonate-rich stratigraphy forming CRD. During the March site visit, the Company also toured the high-grade Trixie Gold Mine to gain further insight into the regional geological setting of the Tintic Mining District. At Coyote Knoll, epithermal mineralization is located along the margin a large volcanic caldera hosting a granitic center. Veining crosscuts quartzite, carbonate-rich stratigraphy and volcanic flows. This provides an encouraging framework for the exploration of both epithermal veins and potential carbonate replacement mineralization at Coyote Knoll.

Fieldwork conducted during a March 2025 site visit confirmed the presence of epithermal-style mineralization with key geological features including:

  • Silica-flooded pebble clastic fault breccia (pebble dyke), jasperoid, and chalcedony vein infill hosted within faulted quartzite.
  • Mineralization consisted of native silver and silver sulphide ‘sulfosalt’ minerals.
  • Secondary northwest-trending epithermal veining represented by quartz-carbonate and jasperoid infill. This trend contains anomalous silver and elevated pathfinder elements such as arsenic (As), copper (Cu), lead (Pb), antimony (Sb), and zinc (Zn) (Table 4).

Table 4. Coyote Knoll grab sample results (March 2025 site visit)

Sample-ID Easting Northing Ag
g/t
Au
g/t
As
ppm
Cu
ppm
Pb
ppm
Sb
ppm
Zn
ppm
A001051 367,537 4,408,331 1.23 25.40 8.90 11.80 0.85 4.00
A001052 367,905 4,408,383 0.22 364.00 9.60 4.50 2.27 47.00
A001053 367,874 4,408,395 0.31 207.00 21.50 11.50 2.61 147.00
A001054 367,839 4,408,395 795.00 1.58 61.40 68.40 177.50 67.60 24.00
A001055 367,787 4,408,386 20.70 0.06 431.00 45.30 31.70 7.98 122.00
A001056 368,438 4,408,853 1.23 29.70 6.60 9.60 2.85 8.00
A001057 368,424 4,408,894 0.25 11.40 19.40 1.80 0.31 12.00
A001061 367,891 4,408,372 1.86 381.00 82.80 38.70 19.65 36.00
A001062 367,898 4,408,367 1.87 66.30 27.40 22.40 1.00 7.00

 

NI 43-101 Disclosure 2.

National Instrument 43-101 Disclosure

The technical content of this news release has been reviewed and approved by triumph gold’s Principal Geologist Marty Henning, P.Geo., a ‘Qualified Person’ as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators (‘NI 43-101’). He verified the data collected during the March 2025 site visit, including sampling, analytical and test data, and the underlying technical information in this news release.

The historical data presented in this release has not been verified for accuracy and reliability with the use of current quality assurance, quality control, or chain of custody standards current with NI 43-101 best practices. See the following disclaimers for additional details.

  1. The Company has not done sufficient work to classify the historical drilling information as current to NI 43-101 and is not treating the historical drilling disclosure as a current mineral estimate. Historical drilling database has not been verified for accuracy or quality. The reported historical values in this release require verification through additional exploration drilling, twinned holes will be used to verify style, grade and widths of mineralization.
  2. Grab samples are from select surface material and may not represent true underlying mineralization and drilling is required to confirm mineralization width and grade continuity below surface. Additional sampling is required to verify historical rock sample database.
  3. The 12-ton bulk sample reported in 2012 has not been verified for accuracy or quality control and therefore the reported tonnage and grades are not considered a 43-101 mineral resource estimate or a pre-feasibility study. Additional exploration drilling and metallurgical studies are required to verify tonnage and concentrations of silver and gold contained beneath the mined-out area. The bulk sample values are provided to illustrate the presence of surface mineralization.
  4. The 1,000 ounces of silver doré, produced in 1998 reported by Phoenix Gold Resources has not been verified. This information is not considered a mineral resource estimate as there were no reported head grades or tonnage provided. Additional drilling and metallurgical studies are required to verify width, strike and plunge of the surface mineralization reported from the open pit operation at Coyote Knoll. This bulk sample information is provided to illustrate the presence of surface mineralization.

Rock samples collected during the site were located using a handheld GPS, material was sealed in heavy poly ore sample bags with a representative sample retained for future inspection. Samples were placed into a 5-gal pail and shipped to ALS Vancouver for analyses. Samples were crushed, split and pulverized using PREP-31 specifications and analyses was completed using ME-GRA22 for Ag and Au as well as ME-MS41 for a multielement output utilizing an aqua regia digest, over limit elements (Ag, Cu and Pb) were analyzed using OG46.

About triumph gold Corp.

triumph gold is a Canadian based, growth-oriented exploration and development company with a district scale land package in mining friendly Yukon. Led by an experienced management and technical team, The Company is focused on actively advancing their flagship Freegold Mountain Project using multidiscipline exploration and evaluation techniques. The Company acknowledges the Freegold Mountain, Tad Toro and Big Creek properties are situated within the traditional territory of the Little Salmon Carmack and Selkirk Nations. triumph gold is committed to ongoing engagement with local communities through communication, environmental stewardship, and local employment.

The road-accessible Freegold Mountain Project, located in the Dawson Range Au-Cu Belt, is host to three NI 43-101 Mineral Deposits (Nucleus, Revenue, and Tinta Hill). The Project is 200 square kilometers and covers an extensive section of the Big Creek Fault Zone, a structure directly related to epithermal gold and silver mineralization as well as gold-rich porphyry copper mineralization.

The Company owns 100% of the Big Creek and Tad/Toro gold-silver-copper properties situated along strike of the Freegold Mountain Project within the Dawson Range.

The Company also owns 100% of the Andalusite Peak copper-gold property, situated 36 km southeast of Dease Lake within the Stikine Range in British Columbia. The Company acknowledges the Andalusite Peak property project is situated within the traditional territory of the Tahltan Nation. triumph gold is committed to ongoing engagement with local communities through communication, environmental stewardship, and local employment.

On behalf of the Board of Directors,

Signed ‘John Anderson’

John Anderson, Executive Chairman

For further information about triumph gold, please contact:

John Anderson, Executive Chairman
triumph gold Corp.
(604) 218-7400
janderson@triumphgoldcorp.com

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

This news release contains forward-looking information, which involves known and unknown risks, uncertainties and other factors that may cause actual events to differ materially from current expectation. Important factors – including the availability of funds, the results of financing efforts, the completion of due diligence and the results of exploration activities – that could cause actual results to differ materially from the Company’s expectations are disclosed in the Company’s documents filed from time to time on SEDAR+ (see www.sedarplus.ca). Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/254408

News Provided by Newsfile via QuoteMedia

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Fox News Digital sat down with SkillStorm CEO Justin Vianello, who addressed issues the federal government faces hiring workers, sometimes raising national security concerns, and explained what his company is doing to streamline that process.

The federal government has struggled for decades with staffing issues in key roles like cybersecurity, tech and other high-skill areas, an issue flagged as far back as 2001, according to the Government Accountability Office. Vianello discussed how SkillStorm is attempting to solve those issues. 

‘If we look at the procurement process and the way it’s been structured, there’s significant delays,’ Vianello told Fox News Digital. ‘So, it can take years to actually get to a point where a solicitation is actually awarded. And then, ironically or paradoxically, post that award, the agency will expect … the particular company to be able to deliver a team in 10 days. So, this process is inefficient and somewhat outdated.’

Vianello explained that the current hiring process is ‘lengthy’ and ‘laborious,’ sometimes taking years rather than months and creating delays that teams need to properly mobilize and deploy. 

‘One of the solutions to that issue is to actually allow for an on-ramp time where people can spend between two to four months to custom build teams that have the right skills, that have (the) right certifications that are based in the right locations to rapidly deploy teams and to accelerate IT transformation and automation. And that’s really where the SkillStorm model comes in,’ Vianello said. 

Vianello says the company has spent millions of dollars in recent years building a Performance Acceleration Center for Excellence that is essentially a learning management training system with a customized curriculum and content along with a ‘stable of trainers’ in a position to ‘rapidly upskill and deploy people.’

‘How do we leverage that infrastructure to build out a solution for the federal government?’ Vianello said. ‘Well, what we do is we leverage that infrastructure to accelerate and train teams. And the way the model works is we both bring people into our program. We train them for anywhere between 10 and 16 weeks. We pay them while we’re training them. We help them achieve their certification, and then we deploy them. And we recover the investment that we make by billing them hourly.’

That system, Vianello explained, means SkillStorm takes ‘all the risk up front’ and recovers it by billing hourly to the client. 

‘Now this is the perfect solution to being able to custom-build tech teams, create net new talent for the ecosystem and being able deploy these people over time. But the government is gonna have to change the procurement system to not require people to be deployed within 10 days but allow companies to build these teams over two, three, four months.’

Another issue, Vianello told Fox News Digital, is the current hiring process can get tied up with security clearances and become a national security risk. 

‘That’s absolutely part of it, but I think there’s a bigger issue here if you look more generally at our model and some of the issues that are facing the market,’ Vianello said. ‘Well, if you look at SkillStorm’s model, SkillStorm has an innovative cost-effective solution to custom-build U.S.-based tech teams for rapid deployment. 

‘Now, we have a student debt crisis in this country, and, at the same time, what are we doing? We’re offshoring our children’s roles to other countries, and we’re using visa holders to take up the place of entry-level tech roles. Now, if we don’t invest in programs like SkillStorm, if we do invest in these outcome-driven, apprenticeship-type programs, where’s the next generation of cybersecurity experts going to come from?

‘Where’s the new generation of AI innovators going to come from? This is a national security issue that is essential in driving innovation. Right now, there are 500,000 open cybersecurity roles as of January 2025. We are the domestic models, like these apprenticeship models, that can support that gap to make sure that we’re protecting national security.’

Former General Services Administration (GSA) head Emily Murphy, who previously spoke to Fox News Digital about the GSA’s work to streamline government in the era of DOGE, said she has ‘seen firsthand how outdated federal systems have become one of the most serious yet least discussed threats to national security.

‘Agencies charged with safeguarding cybersecurity and digital infrastructure are losing the talent battle to the private sector, and the slow, outdated process for onboarding cleared workers doesn’t match the urgency of today’s threats.’

Murphy explained that the federal government needs a ‘new pipeline’ that ‘delivers clearance-eligible, project-ready professionals trained on mission-specific tools.’

‘SkillStorm is doing exactly that, deploying ‘Stormers,’ technologists trained on specific tech platforms, at a significant discount. It’s a smarter, faster way to secure the talent our government urgently needs.

Vianello told Fox News Digital SkillStorm and the Department of Government Efficiency (DOGE) have similar goals in making government more efficient. 

I think DOGE is really focused on IT automation and IT transformation and doing it on an efficient and cost-effective basis,’ Vianello said. 

‘We believe, going forward, there’s probably going to be more of a push to less full-time employees and more of a push towards efficient contractors coming in and accelerating project delivery. So, again, this really does come back in our belief. 

‘To the solicitation process, how do we tighten it up? How do we make sure that once an award is made and that technology is implemented, it’s not outdated? Because, if that continues to happen, how are you going to continue to attract technologists, young technologists who want to be part of the change?’


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Cryptocurrency investors have experienced a real rollercoaster in the last few years — the likes of Bitcoin, Ethereum and Ripple have had incredible highs and crashes, and investors have seen big gains and losses in tandem.

Despite that volatility, many market participants are still interested in how to enter and make money in the cryptocurrency sector. But depending on how you look at it, perhaps the bigger story is blockchain technology, the backbone of crypto.

A blockchain is a digitized and decentralized public ledger that has many applications in different industries as a way to provide transparency. In the crypto realm, blockchain is used to record all cryptocurrency transactions, and it is also the mechanism through which some digital currencies like Bitcoin are “mined” into existence.

The technology has become a popular investment in its own right for savvy investors. Not only are there many blockchain-focused tech stocks, large companies like Meta Platforms (NASDAQ:META), IBM (NYSE:IBM) and Microsoft (NASDAQ:MSFT) have invested in blockchain technology. These corporations see the potential for blockchain to play a role in sectors such as driverless vehicles, food safety and fintech.

For those new to the blockchain space, deciding on a specific company to invest in may seem overwhelming, especially with the current market uncertainty around cryptocurrency price movements.

That’s where exchange-traded funds (ETFs) come in. What are blockchain ETFs? In simple terms, ETFs are marketable securities that track an index, a commodity, bonds or a basket of assets like an index fund. ETFs trade like a stock on an exchange, and each ETF owns its underlying assets, dividing them up into shares that are available to investors.

For those interested in diving into the blockchain investing market using ETFs, the list below includes the top five best blockchain ETFs by total assets as per information on ETF.com as of May 28, 2025.

1. Amplify Transformational Data Sharing ETF (ARCA:BLOK)

Total assets: US$893 million

The Amplify Transformational Data Sharing ETF launched in January 2018. This fund invests in diverse areas of the blockchain sector, such as companies with blockchain platforms, companies developing blockchain applications and blockchain mining companies.

Amplify is an actively managed blockchain ETF, which makes it stand out against the other ETFs on this list. It has 51 holdings with an expense ratio of 0.73 percent. The Amplify Transformational Data Sharing ETF’s top holdings include Metaplanet (OTCQX:MTPLF,TSE:3350), Robinhood Markets (NASDAQ:HOOD) and Galaxy Digital (TSX:GLXY,NASDAQ:GLXY).

2. VanEck Digital Transformation ETF (NASDAQ:DAPP)

Total assets: US$182 million

The VanEck Digital Transformation ETF launched in April of 2021 and tracks the price and yield performance of the MVIS Global Digital Assets Equity Index. The index is tied to the performance of companies whose revenues are at least 50 percent accrued from the digital assets economy, including exchanges, crypto miners and other crypto infrastructure companies.

DAPP has 22 holdings, 63 percent of which are headquartered within the United States, and has an expense ratio of 0.51 percent. Its top holdings include Strategy (NYSE:MSTR), Coinbase Global (NASDAQ:COIN) and Metaplanet.

3. Fidelity Crypto Industry and Digital Payments ETF (NASDAQ:FDIG)

Total assets: US$170 million

The Fidelity Crypto Industry and Digital Payments ETF, which launched in April 2022, also tracks the performance of companies involved in the cryptocurrency, blockchain technology and digital payments processing sectors. It has an expense ratio of 0.4 percent, the lowest on this list.

Of its 49 holdings, 73 percent are headquartered in the United States and 45 percent are involved in the Technology Services sector. Its top holdings include Coinbase Global, MARA Holdings and CleanSpark (NASDAQ:CLSK).

4. Global X Blockchain (NASDAQ:BKCH)

Total assets: US$162 million

Launched in July 2021, the Global X Blockchain ETF is a relatively new blockchain ETF. It tracks the price and yield performance of the Solactive Blockchain Index with a focus on companies in a variety of blockchain segments, such as, but not limited to, digital asset mining, blockchain applications, and blockchain and digital asset transactions.

At 0.5 percent, this blockchain ETF has the second-lowest expense ratio on the list. Global X Blockchain has 28 holdings, including Coinbase Global, Riot Platforms (NASDAQ:RIOT) and MARA Holdings (NASDAQ:MARA).

5. First Trust Indxx Innovative Transaction & Process ETF (NASDAQ:LEGR)

Total assets: US$99 million

The First Trust Indxx Innovative Transaction & Process ETF also launched in January 2018. First Trust has two types of companies it selects from for its portfolio: companies that employ blockchain and firms that develop it.

The fund consists of 102 holdings, including companies like NVIDIA (NASDAQ:NVDA), Advanced Micro Devices (NASDAQ:AMD) and Taiwan Semiconductor Manufacturing (NYSE:TSM). It has an expense ratio of 0.65 percent.

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

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Conservative energy leaders are celebrating President Donald Trump’s latest effort to unleash American drilling. 

The Department of the Interior announced a proposal Monday to rescind President Joe Biden’s restrictions on oil and gas development in the National Petroleum Reserve in Alaska. 

Interior Secretary Doug Burgum said a Biden-era 2024 Bureau of Land Management (BLM) rule that restricted energy development for more than half of the 23 million acres on Alaska’s North Slope ignored the Naval Petroleum Reserves Production Act of 1976. 

‘The National Petroleum Reserve (NPR), created by Congress over a century ago to secure America’s energy supply, supports responsible oil development on 13 million acres,’ Frank Lasee, president of Truth in Energy and Climate, said in a statement shared with Fox News Digital. 

‘President Biden’s drilling ban in Alaska undermined energy security, increasing reliance on foreign oil, raising gasoline prices and fueling inflation through higher transportation costs,’ Lasee added. ‘Resuming drilling puts economic growth and energy independence ahead of climate ideology in a place almost no regular American will ever visit.’

Consistent with Trump’s executive orders, the proposed revision reverts to regulations that were in place prior to May 7, 2024, which Lasee called a ‘commendable’ prioritization of ‘American energy needs and economic well-being while adhering to the law.’

‘President Biden never should have halted congressionally sanctioned oil drilling in Alaska,’ said Sterling Burnett, director of the Arthur B. Robinson Center on Climate and Environmental Policy at the Heartland Institute. ‘Trump is to be applauded, both for putting Americans’ energy needs and our economic well-being first and for following the law by opening these areas back up for production.’

According to the Department of Interior, the 2024 rule provisions lacked ‘a basis in the Naval Petroleum Reserves Production Act’ and undermined the BLM’s congressional obligation to oversee timely leasing in the region. 

‘President Trump’s move to restore drilling in Alaska’s Arctic region is a bold and necessary step toward reclaiming American energy independence,’ Jason Isaac, CEO of the American Energy Institute, said. 

Trump vowed to unleash American energy on the campaign trail in 2024 and signed executive orders on the first day of his second term to rescind Biden-era climate policies. 

‘By reversing Biden’s disastrous restrictions on 13 million acres, Trump is unleashing the abundant resources that power our economy, lower energy costs and strengthen national security. This is a victory for American workers, consumers and allies who rely on stable, affordable energy,’ Isaac added. 

Steve Milloy, senior policy fellow at the Energy & Environment Legal Institute, called the announcement ‘more good news from the Trump administration in rolling back more of Biden’s war on fossil fuels.’

‘Promises made. Promises kept. But the Trump administration will need to go further to give investors confidence that the Alaska leases will actually be viable. Radical climate activists will resort to the courts and scare off investors. There likely needs to be a legislative solution to that,’ Milloy added.

Trump and his Republican allies are seeking to roll back some of Biden’s green energy initiatives through budget reconciliation on Trump’s ‘big, beautiful bill.’

‘The National Petroleum Reserve (NPR) was created more than 100 years ago specifically to provide a supply of oil for America’s energy security. That energy security can be achieved by responsibly developing our oil reserves, including in the Gulf of America, our vast shale oil deposits in America’s heartland and, now, thankfully, the 13 million acres of the NPR that are going to be developed,’ said Gregory Whitestone, CO2 Coalition executive director.

‘Continuation of the Biden administration’s drilling ban would have resulted in a greater reliance on foreign supplies of oil (and) increases in gasoline prices and the inflationary spiral across all sectors of the American economy from increased transportation costs,’ Whitestone added. 


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