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The Justice Department released more than 3 million Jeffrey Epstein records including his personal emails Friday, with Deputy Attorney General Todd Blanche telling Fox News Digital that ‘in none of these communications, even when doing his best to disparage President Trump, did Epstein suggest President Trump had done anything criminal or had any inappropriate contact with any of his victims.’

‘During the course of our investigation, we seized years and years’ worth of Epstein’s personal emails,’ Blanche told Fox News Digital. ‘These are communications with hundreds and hundreds of individuals discussing intimate details of Epstein’s and others’ lives.’

‘In none of these communications, even when doing his best to disparage President Trump, did Epstein suggest President Trump had done anything criminal or had any inappropriate contact with any of his victims,’ Blanche told Fox News Digital Friday morning. 

Fox News Digital first obtained newly declassified emails from the Epstein case Friday morning. The Justice Department is expected to release more than 3 million pages of records from the files Friday, Blanche said. 

The new records mentioning the president largely show Epstein showing his disdain for Trump and criticizing him during his first administration.

But one email reviewed by Fox News Digital was from March 2016, between Epstein and author and reporter Michael Wolff. In the email, Wolff is encouraging Epstein to come up with an ‘immediate counter narrative’ to James Patterson’s book about him, ‘Filthy Rich: A Powerful Billionaire, the Sex Scandal that Undid Him, and All the Justice that Money Can Buy.’

‘You do need an immediate counter narrative to the book,’ Wolff writes. ‘I believe Trump offers an ideal opportunity. It’s a chance to make the story about something other than you, while, at the same time, letting you frame your own story.’

‘Also, becoming anti-Trump gives you a certain political cover which you decidedly don’t have now,’ he continues.

In another email, three years later, in January 2019, Epstein writes to Wolff: ‘Of course he knew about the girls as he asked Ghislaine to stop.’

In another email, in February 2019, Epstein writes a long email to Wolff, noting that (REDACTED) worked at Mar-a-Lago, and that ‘Trump knew of it and came to my house many times during that period.’

‘He never got a massage,’ Epstein writes.

Epstein then goes on to discuss a business arrangement involving Trump relating to a friend who was having ‘financial difficulty with assisted living homes.’

In another email to Wolff in January 2018, Epstein is complaining about the president, saying that he ‘doesn’t take advice,’ and that ‘his children have little experience and poor judgment.’ 

‘There are huge discrepancies re his real net worth,’ Epstein writes to Wolff. ‘Full disclosure would make it clear.’

Epstein, also in January 2018, continues mocking Trump, calling him ‘dopey Donald or demented Donald,’ and complains about his finances and acquisitions and relationship with Deutsche Bank.

Meanwhile, in emails between Epstein and Thomas Landon of The New York Times in January 2018, Landon asks if Epstein still is in touch with Wolf, who had published his book ‘Fire and Fury’ about Trump.

‘Yup,’ Epstein replies.

Landon writes: ‘Have to say, he is looking/sounding increasing unhinged—Are you tempted to take any money off the table in the markets?’

‘No. But no question Donalds statement is goofy,’ Epstein replies. It is unclear which Trump statement he is referring to. ‘Early dementia?’

Landon replies: ‘You be judge—wasn’t here a time when he at least completed sentences?’

Epstein writes back: ‘No, he was always stupid.’

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


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House Oversight Committee Chairman James Comer announced Wednesday that Minnesota Gov. Tim Walz and Attorney General Keith Ellison will testify under oath next month as part of a congressional investigation into a massive fraud scandal involving the state’s welfare programs.

Walz and Ellison will testify at a hearing on ‘Oversight of Fraud and Misuse of Federal Funds in Minnesota: Part II’ on Wednesday, March 4, 2026, at 10 a.m. EST, the committee says.

Walz, who said this week he is not running for political office again, has become the public face of the fraud scandal which exploded under his watch and could total as much as $9 billion of taxpayer funds, according to prosecutors. 

‘Americans deserve answers about the rampant misuse of taxpayer dollars in Minnesota’s social services programs that occurred on Governor Walz’s and Attorney General Ellison’s watch. The House Oversight Committee recently heard sworn testimony from Minnesota state lawmakers who stated that Governor Walz and Attorney General Ellison failed to act to stop this widespread fraud and retaliated against whistleblowers who raised concerns,’ Comer said in a press release. 

‘We look forward to questioning Governor Walz and Attorney General Ellison under oath about this scandal to ensure transparency and accountability for the American people, and to advance solutions to prevent waste, fraud, and abuse and impose stronger penalties on those who defraud taxpayers.’

The House Oversight Committee launched its investigation in December 2025 after federal prosecutors uncovered what lawmakers say is extensive fraud and money laundering across Minnesota’s social services system. According to the committee, criminals have stolen an estimated $9 billion in taxpayer funds intended to feed children, support autistic children, house low-income and disabled Americans, and provide healthcare to vulnerable Medicaid recipients.

As part of the probe, Comer has demanded documents and communications from Walz and Ellison related to the alleged fraud. He has also requested that the U.S. Department of the Treasury provide all relevant Suspicious Activity Reports, or SARs, and ordered transcribed interviews with current and former Minnesota state officials. Those interviews are scheduled to conclude in February.

The investigation gained new momentum in January after the Minnesota Office of the Legislative Auditor released a report finding that the Department of Human Services’ Behavioral Health Administration failed to comply with most requirements and lacked adequate internal controls to prevent waste, fraud, and abuse.

On Jan. 7, the Oversight Committee held the first hearing in the series, where Minnesota lawmakers testified about what they described as years of ignored warnings and systemic failures.

WATCH: Experts reveal how ‘racism’ allegations helped fuel Minnesota fraud

Ellison’s role and alleged lack of oversight in the developing fraud scandal has raised questions as well, including over a 2021 audio recording of him meeting with members of the Somali community who would soon be convicted of defrauding millions of dollars in taxpayer money.

Fox News Digital reached out to Walz and Ellison’s office for comment.


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(TheNewswire)

Angkor Resources Corp.

                  

GRANDE PRAIRIE, ALBERTA TheNewswire – (January 30, 2026): Angkor Resources Corp. (TSXV: ANK,OTC:ANKOF) (‘ANGKOR’ OR ‘THE COMPANY’) announces the voting results from its Annual General Meeting of Shareholders (the ‘Meeting’), held on Thursday, January 29, 2026, including the appointment of Dr. David Johnson to the Board of Directors of the Company.

 

All resolutions presented to the Shareholders were approved. Each of the resolutions are explained in detail in the Management Information Circular published in connection with the Meeting. It is available for reference on the Company’s website https://angkorresources.com.

 

A total of 96,855,431 common shares, representing approximately 47.78 % of the Company’s outstanding common shares, were voted in person and by proxy at the Meeting. Shareholders voted in favour of:

 

  • Reappointing Davidson Company LLP, Chartered Professional Accountants auditors of the Company; 

 

  • Setting the number of directors at six, with the following six nominees elected as directors: Russ Tynan, Mike Weeks, Terry Mereniuk, Ken Booth, Grant T. Smith and Dr. David Johnson; 

 

  • Approving the Company’s Rolling stock option plan; and 

 

  • Approving the sale of the Corporation’s 40% participating interest (the ‘Assets‘) in the Evesham Macklin oil and gas lands in Saskatchewan to an arm’s length party (the ‘Purchaser‘) at a fair market value sale price of $4,800,000 (the ‘Purchase Price‘) 

 

  The sale of the oil and gas assets was a strategic decision that removed a debt of $3,800,000 off the books and provided the Company with $1,000,000 in net proceeds. The original Letter of Intent and announcement is provided here:  Angkor Resources SIGNS LETTER OF INTENT TO SELL EVESHAM OIL PRODUCTION – Angkor Resources Corp.  Because it was a fundamental transaction, approval from shareholders was required at the AGM and over 99% of the voters were in favor of the transaction.  The Company wanted to push its resources into the Cambodian onshore Block VIII Project for potential growth of the Company.

 

Delayne Weeks, CEO, commented ‘On behalf of the Company, I would like to thank shareholders for their participation and continuing support. We welcome Dr. Johnson to the Board.’

 

Dr. David Johnson is a geoscientist with more than 40 years of Global, Canadian Frontier, and Western Canadian exploration and production (E&P) experience covering petroleum, natural gas and helium. In positions of progressive responsibility, David has worked for Shell, Exxon Production Research, ExxonMobil Exploration, Husky Energy, the Kuwait Oil Company, and KUFPEC. Dr. Johnson has executive, business development, operations, geoscience research, and technical E&P experience covering more than 40 petroleum jurisdictions in Europe, Africa, Asia, and the Americas. He has led bid-round acquisitions of more than 20 Production Sharing Agreements (PSA’s) and exploration licenses (EL’s); and made significant discoveries in the South China Sea, the Canadian Frontiers and Western Canada.

 

Dr. Johnson received a BSc in Geology from the University of Calgary, and a PhD in Geological Oceanography from Dalhousie University and joins the Board of Directors of the Company following the AGM Jan. 29 2026.

 

The Company also notes that Steve Cochrane, and Scott Smith, long-time directors of Angkor, retired effective today’s meeting.  We want to acknowledge their contributions and outstanding service to the Company.  Both expressed their ongoing support of Angkor’s success.

ABOUT Angkor Resources CORPORATION:

Angkor Resources Corp. is a public company, listed on the TSX-Venture Exchange, and is a leading resource optimizer in Cambodia working towards mineral and energy solutions across Cambodia.  

The company’s mineral subsidiary, Angkor Gold Corp. in Cambodia holds two mineral exploration licenses in Cambodia with multiple prospects in copper and gold.  Both licenses are in their first two-year renewal term.    

Its Cambodian energy subsidiary, EnerCam Resources, was granted an onshore oil and gas license of 7300 square kilometres in the southwest quadrant of Cambodia called Block VIII.   The company then removed all parks and protected areas and added 220 square kilometres, making the license area just over 4095 square kilometres.  EnerCam is actively advancing oil and gas exploration activities onshore to meet its mission to prove Cambodia as an oil and gas producing Nation.  Having completed seismic in 2025, the Company looks to identify drill targets and advance to drilling Cambodia’s first onshore oil & gas exploratory wells shortly thereafter.

CONTACT:   Delayne Weeks – CEO

Email:-   info@angkorresources.com   Website: angkorresources.com  

Telephone: +1 (780) 568-3801

Please follow @AngkorResources on , , , Instagram and .

 

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

_____________________________________

This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as ‘intends’ or ‘anticipates’, or variations of such words and phrases or statements that certain actions, events or results ‘may’, ‘could’, ‘should’, ‘would’ or ‘occur’. This information and these statements, referred to herein as ‘forward‐looking statements’, are not historical facts, are made as of the date of this news release and include without limitation, statements regarding the anticipated benefits of new leadership expertise, and the Company’s plans to develop its resources and create shareholder value.

In making the forward-looking statements in this news release, the Company has applied certain material assumptions, including without limitation, that the Company will successfully advance the development of its resources and that such efforts will result in creating shareholder value.

These forward‐looking statements involve numerous risks and uncertainties, and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, that the Company will not advance the development of its resources and that the Company will not create shareholder value.

 

Copyright (c) 2026 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

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NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Nuvau Minerals Inc. (TSXV: NMC,OTC:NMCPF) (the ‘Company’ or ‘Nuvau’) is pleased to announce that it has entered into an agreement with Clarus Securities Inc. and Integrity Capital Group Inc., as co-lead agents and co-lead bookrunners (collectively, the ‘Agents’), in connection with a proposed ‘best efforts’ brokered private placement for aggregate gross proceeds of up to $20,000,000, comprised of the offer and sale of up to (i) 18,750,000 units of the Company (each, a ‘Unit’), at a price of $0.80 per Unit, for gross proceeds of up to $15,000,000, and (ii) 5,000,000 flow-through shares of the Company (each, a ‘FT Share’), at a price of $1.00 per FT Share, for gross proceeds of up to $5,000,000 (together, the ‘Offering’). The Agents will have an option (the ‘Agent’s Option’), exercisable in whole or in part up to 48 hours prior to the Closing Date (as defined herein), to offer for sale up to any combination of additional Units, Common Shares andor Warrants to raise up to an additional $5,000,000 in gross proceeds.

Each Unit will consist of one common share of the Company (each, a ‘Common Share‘) and one-half of one transferrable common share purchase warrant of the Company (each whole warrant, a ‘Warrant‘), with each Warrant entitling the holder thereof to purchase one Common Share at a price of $1.30 per Common Share for a period of 36 months following the closing of the Offering. All FT Shares will be Common Shares that qualify as ‘flow-through shares’ within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the ‘ITA‘) [and section 359.1 of the Taxation Act (Québec)].

The Company intends to use the proceeds of the Offering for working capital and general corporate purposes and for the completion of exploration and development activities at its Matagami property. The gross proceeds from the offering of FT Shares will be used by the Company to incur eligible ‘Canadian exploration expenses’, some portion of which may qualify as ‘flow-through critical mineral mining expenditures’, (as both terms are defined in the ITA) (the ‘Qualifying Expenditures‘) on or before December 31, 2027, which Qualifying Expenditures will be renounced in favour of the subscribers of the FT Shares with an effective date on or before December 31, 2026.

The Units and FT Shares are to be offered for sale by way of private placement in all the provinces of Canada, pursuant to applicable prospectus exemptions under National Instrument 45-106 – Prospectus Exemptions. The Agents will also be entitled to offer the Units for sale to eligible purchasers resident in the United States pursuant to available exemptions from the registration requirements of the United States Securities Act of 1933, as amended (the ‘U.S. Securities Act‘), and in those other jurisdictions outside of Canada and the United States provided that such offer and sale does not require the filing of a prospectus or registration statements, or comparable obligation arises in such other jurisdiction.

In consideration for the Agents’ services, the Company will pay to the Agents on the Closing Date a cash commission equal to 6.0% of the gross proceeds of the Offering (including any gross proceeds raised pursuant to the exercise of the Agents’ Option) (the ‘Cash Fee‘); provided that such Cash Fee shall be reduced to 3.0% in respect of the gross proceeds raised from sales to purchasers included on a president’s list to be formed by the Company in consultation with the Agents (the ‘President’s List Purchasers‘). In addition, the Company shall issue to the Agents on the Closing Date, such number of non-transferable compensation options of the Company (the ‘Compensation Options‘) as is equal to 6.0% of the aggregate number of Units and FT Shares sold under the Offering (including pursuant to exercise of the Agents’ Option); provided that such number of Compensation Options shall be reduced to 3.0% of Units and FT Shares sold to subscribers of the President’s List. Each Compensation Option will entitle the holder thereof to purchase one Unit at the Offering Price, at any time and from time to time for a period of 36 months following the Closing Date.

Closing of the Offering is expected to take place on or about February 19, 2026 (the ‘Closing Date‘), and is subject to certain conditions including, but not limited to, the conditional approval of the TSX Venture Exchange. All securities issued under the Offering will be subject to a hold period expiring four months and one day from the Closing Date.

The securities offered have not been registered under the U.S. Securities Act, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

About Nuvau

Nuvau is a Canadian mining company, incorporated under the OBCA, currently in the exploration and development phase. Nuvau’s principal asset is its right to earn-in a 100% undivided interest from Glencore in the Matagami property located in Abitibi region of central Québec, Canada pursuant to an amended and restated earn-in agreement dated January 28, 2026 among Nuvau, Nuvau Minerals Corp. and Glencore.

Cautionary Statements

This news release contains forward-looking statements and forward-looking information (collectively, ‘forward-looking statements‘) within the meaning of applicable securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as ‘may’, ‘should’, ‘anticipate’, ‘will’, ‘estimates’, ‘believes’, ‘intends’ ‘expects’ and similar expressions which are intended to identify forward-looking statements. More particularly and without limitation, this news release contains forward-looking statements concerning the timing and ability of the Company to close the Offering on the terms announced, the proposed use of proceeds of the Offering, the Company’s ability to incur Qualifying Expenditures and renounce the Qualifying Expenditures to subscribers, and the Company’s ability to obtain exchange approval for the Offering. Forward-looking statements are inherently uncertain, and the actual performance may be affected by a number of material factors, assumptions and expectations, many of which are beyond the control of the Company, including expectations and assumptions concerning the Company and the Matagami Property. Readers are cautioned that assumptions used in the preparation of any forward-looking statements may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted as a result of numerous known and unknown risks, uncertainties and other factors, many of which are beyond the control of the Company. Readers are further cautioned not to place undue reliance on any forward-looking statements, as such information, although considered reasonable by the management of the Company at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.

The forward-looking statements contained in this news release are made as of the date of this news release, and are expressly qualified by the foregoing cautionary statement. Except as expressly required by securities law, the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise.

Further Information

All information contained in this news release with respect to the Company was supplied by the respective party for inclusion herein, and each party and its directors and officers have relied on the other party for any information concerning the other party.

For further information please contact:

Nuvau Minerals Inc.
Peter Van Alphen
President and CEO
Telephone: 416-525-6023
Email: pvanalphen@nuvauminerals.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

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Investor Insight

Sranan Gold offers early-stage exposure to a high-impact gold discovery in Suriname’s Guiana Shield, one of the world’s most underexplored gold belts. Backed by the same technical team behind some of the region’s largest gold discoveries, Sranan is a high-leverage discovery story in a mining-friendly jurisdiction, now with demonstrated drill-confirmed continuity and growing scale at its flagship project.

Overview

Sranan Gold (CSE:SRAN,OTCQB:SRANF,FSE:P84) is a junior gold explorer operating in Suriname, a South American nation producing more than 600,000 ounces of gold annually. The company’s flagship 29,000-hectare Tapanahony gold project is located within the prolific Guiana Shield, one of the world’s most prospective yet underexplored gold provinces.

Sranan Gold Tapahony Project Mining Area

The 29,000-hectare Tapanahony project covers one of the oldest and largest small-scale mining areas in Suriname.

The project overlays a historic mining belt with strong geochemical and structural indicators. Sranan’s objective is to convert extensive local mining activity, legacy drilling and modern datasets into an inaugural gold resource along the 4.5 km Poeketi–Randy mineralized corridor.

Following systematic trenching and drilling in 2025, the company has confirmed a large, structurally controlled orogenic gold system extending from saprolite into fresh bedrock. With drilling resuming in 2026, Sranan is focused on expanding known mineralization, testing parallel shear zones identified by LiDAR and geophysics, and advancing toward resource definition.

Company Highlights

  • District-scale land position: The 29,000-hectare Tapanahony Project covers one of Suriname’s oldest and most productive artisanal gold districts within the underexplored Guiana Shield.
  • Active drilling with demonstrated continuity: A 4,189-metre drill program completed in 2025 confirmed a broad, shear-hosted gold system, expanding defined mineralization at Randy’s Pit to over 800 metres within the 4.5 km Poeketi–Randy trend. Drilling resumed in January 2026.
  • High-grade discovery momentum: Recent drilling has delivered wide, high-grade intercepts, including 64 m at 3 grams per ton (g/t) gold and 11 m at 7.33 g/t gold, confirming strong vertical and lateral continuity.
  • World-class discovery pedigree: The technical team has been directly involved in major regional discoveries, including Merian (7 Moz), Rosebel (13.7 Moz), and Saramacca (1.5 Moz).
  • Deep in-country knowledge: Locally trained geologists with decades of experience in Suriname provide a strong operational and geological advantage.

Key Project

Tapanahony Gold Project

Sranan Gold u200bTapanahony Gold Project

Suriname and Guiana Shield

The Tapanahony gold project is Sranan’s flagship asset, covering 29,000 hectares in southeastern Suriname. The project lies within the Paleoproterozoic Guiana Shield, which hosts multiple Tier-1 gold systems. The property is situated at the intersection of a regional NW-striking structural corridor crosscut by penetrative NE–SW fabrics, creating excellent ground preparation for high-grade, shear-hosted gold mineralization. These relationships are clearly defined in LiDAR and aeromagnetic datasets.

Artisanal miners have historically exploited saprolite-hosted gold along the Poeketi–Randy trend. Sranan’s exploration strategy has been to systematically transition this surface production into a drill-defined hard-rock system. Historical exploration exceeds US$10 million, including soil geochemistry, auger programs and approximately 4,000 metres of diamond drilling by IAMGOLD, which intersected significant gold mineralization and validated the structural model.

Sranan Gold sample collected from Tananahony project

Sample collected from the Tapanahony project’s Poeketi Pit in 2021

In 2025, Sranan advanced the project from surface sampling and trenching into systematic diamond drilling. Trenching confirmed near-surface continuity with results including 5 m at 36.7 g/t gold and 5 m at 8.9 g/t gold, extending mineralization beyond known artisanal workings. Subsequent drilling intersected wide zones of gold mineralization in both saprolite and fresh basaltic host rocks, confirming a 50 to 150 m wide mineralized shear corridor.

By year-end 2025, drilling had expanded the defined mineralized strike at Randy’s Pit to over 800 metres, with mineralization remaining open along strike and at depth and forming part of the broader 4.5 km Randy–Poeketi trend. Drilling resumed in January 2026 to continue step-out testing, define additional high-grade shoots, and evaluate shallow open-pittable potential.

LiDAR interpretation has also identified three parallel mineralized corridors and multiple targets in the western lobe of the concession, where soil geochemistry and small-scale mining suggest additional discovery potential. These areas represent priority targets for ongoing drilling and future expansion of the project footprint.

Management Team

Oscar Louzada – CEO and Director

Fluent in Dutch and active in Suriname for over a decade, Oscar Louzada has taken two Suriname-based exploration companies to IPO (Sela Kriki and Nassau, now Miata Metals). With 25+ years’ experience in natural resources finance (Canaccord, Investec), he brings capital markets depth and local execution credibility.

Dennis LaPoint – EVP, Exploration and Corporate Development

Dennis LaPoint is a veteran geologist with 35+ years’ experience. LaPoint discovered Merian (Newmont, 7 Moz) and oversaw major exploration programs at Rosebel and Omai. He leads strategy and resource targeting, and sits on multiple boards, including ASBOG. He also teaches geology at Anton de Kom University in Paramaribo in Suriname.

Rayiez Bhoelan – VP, Exploration

A Surinamese national and key member of the Saramacca discovery team (IAMGOLD, 1.5 Moz), Rayiez Bhoelan specializes in regolith geology and shear zone mapping. He has worked across the Guiana Shield at Omai and Founders Metals, and lectures locally on geochemistry.

Mario Stifano – Director and Audit Chair

Mario Stifano is a CPA and seasoned mining executive with prior leadership roles at Cordoba Minerals, Lake Shore Gold and Galantas Gold. He led the 2020 acquisition and re-listing of Omai Gold Mines in Guyana.

John Alcock – Director and CFO

John Alcock is a chartered professional accountant with over 30 years’ experience as an accounting and financial professional and an investor in the junior mining sector. He currently serves on the board of Altiplano Metals.

Ron Shenton – Director

Ron Shenton is a capital markets professional with 40 years’ experience. He is the founder of several public companies and has served as CEO/director, leading investor relations, public relations and capital raising across multiple sectors including mining exploration.

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The Federal Reserve held its target range for the federal funds rate constant in January 2026 at 3.5–3.75 percent. This decision was consistent with market expectations for the path of the federal funds rate, which for weeks had indicated that the Fed would hold rates steady at its January meeting. It is also consistent with rates prescribed by leading monetary policy rules. Notably, Governors Stephen Miran and Christopher Waller dissented from the decision, with both favoring a 25-basis-point cut.

At the post-meeting press conference, Powell pointed to elevated inflation and a stabilizing labor market to explain the Fed’s decision to hold rates steady. He said Fed officials now “see the current stance of monetary policy as appropriate to promote progress” toward both sides of the dual mandate. Previously, Fed officials had expressed concern about the tensions facing the Fed’s dual mandate amid a softening labor market. Powell said that available data show “economic activity has been expanding at a solid pace,” driven primarily by consumer spending and business fixed investment. He acknowledged the lingering effects of last fall’s prolonged government shutdown, but suggested that any drag on activity in the third and fourth quarters of last year will likely be reversed in the first quarter of 2026.

After softening for much of last year, labor market conditions now appear to be stabilizing, Powell explained. He pointed to relatively low and stable unemployment in recent months as evidence that the labor market may be at or near maximum employment. Echoing past statements, Powell acknowledged that the slowing pace of job growth likely reflects changes in both labor supply and labor demand. He said other indicators — such as job openings, layoffs, hiring, and nominal wage growth — “show little change in recent months.”

Powell acknowledged that inflation has remained stubbornly above the Fed’s two-percent target, with PCE inflation likely coming in at 2.9 percent over the 12 months from December 2024 to December 2025. Elevated inflation, he contended, “largely reflects inflation in the goods sector, which has been boosted by the effects of tariffs.” At the same time, Powell emphasized that longer-run inflation expectations remain aligned with the Fed’s two-percent target. Taken together, these claims suggest that inflation remains a concern for Fed officials, but one that is driven primarily by temporary, non-monetary forces.

According to Powell, the current target range for the federal funds rate is “within a range of plausible estimates of neutral” — that is, consistent with neither an overly accommodative nor restrictive stance of monetary policy. Holding rates steady, Powell argued, should help stabilize the labor market while allowing inflation to return to target “once the effects of tariff increases have passed through” to the price level.

By attributing elevated inflation primarily to tariff-driven increases in goods prices, the Fed is implicitly treating today’s inflation as a transitory relative-price adjustment rather than a broader monetary phenomenon. If that diagnosis is correct, a wait-and-see approach may be appropriate. There are, however, reasons to be skeptical. 

Total dollar spending in the economy rose sharply relative to expectations in the third quarter of 2025, a pattern that is difficult to reconcile with a genuinely neutral stance of monetary policy. When nominal spending accelerates at this pace, it suggests that monetary conditions remain accommodative, regardless of how inflation is distributed across sectors.

More troubling is the fact that, despite the surge in dollar spending last year, financial markets are currently projecting two additional 25-basis-point cuts to the federal funds rate over the coming year. Given that inflation is still running above target, it is difficult to see which economic conditions would warrant further monetary easing. Absent a clear deterioration in real activity or a decisive return of inflation to target, additional rate cuts risk reinforcing the very spending pressures the Fed is attempting to contain.

Ultimately, the Fed’s current posture reflects a high degree of confidence that inflationary pressures will fade without further policy restraint. That confidence rests on the view that inflation is largely the result of temporary, tariff-driven distortions rather than excess nominal demand. But if that view proves mistaken, the cost of waiting — and especially of easing further — could be a renewed loss of progress toward price stability. For a central bank whose credibility depends on keeping expectations firmly anchored, misdiagnosing the source of inflation is not a neutral error. It is an error that compounds over time.

The Senate has a deal to fund the government, but Republican anger over the nature of the deal, earmarks and what changes could come to the Department of Homeland Security (DHS) derailed its progress Thursday night. 

Senate Minority Leader Chuck Schumer, D-N.Y., and President Donald Trump agreed to strip out the much-maligned DHS funding bill from a broader, six-bill funding package, and instead fund the agency with a two-week continuing resolution (CR), while lawmakers haggled over tweaks to the bill. 

Even though there is a deal backed by the White House that has key Democratic buy-in, there will still be a partial government shutdown this weekend, given that the House must weigh in on the package. 

Toward the end of the night, Republicans had blasted through hold after hold, amendment request after amendment request, but one lawmaker stood in the way: Sen. Lindsey Graham, R-S.C. Without his buy-in, the package couldn’t move forward.

Graham told reporters as he walked into Thune’s office late Thursday night that the package was a ‘bad deal.’ 

He was angered by the treatment of Immigration and Customs Enforcement (ICE) agents. Graham argued that ICE agents ‘are not infallible, but I appreciate what they’re doing. I’ve never been more offended than I am right now by what’s being said about these folks.’

Graham was just one of many Senate Republicans who were not unified in their view of the deal or the underlying original package, which failed a key test vote Thursday afternoon — seven Republicans joined all Senate Democrats to spike it.

Once the deal crystallized and Trump publicly announced his support of it, Senate Majority Leader John Thune, R-S.D., and his leadership team went to work trying to quell resistance among their ranks Thursday night, but to no avail. 

‘Tomorrow’s another day, and hopefully people will be in a spirit to try and get this done tomorrow,’ Thune told reporters as he left the Capitol Thursday night.

Typically, when a package like the Trump-backed proposal is rushed to the Senate floor, it goes through what’s known as the hotline process in the Senate. That allows lawmakers to weigh in with approval, concerns, requests for amendments or, in some cases, outright block the package from moving forward. 

Sources familiar with Senate Democrats’ planning told Fox News Digital that as of Thursday night, their side of the aisle had not started the process as they waited for Senate Republicans to figure out their next move.

Part of the DHS funding bill included a repeal of a controversial provision that allowed senators whose phone records were subpoenaed during former Special Counsel Jack Smith’s Arctic Frost probe to sue for up to $500,000 for each infraction.

Graham has been a strong proponent of the provision, scuttling several attempts by Senate Democrats to repeal it over the last few months. 

When asked if his hold was related to its expected repeal, Graham said no and noted that he had reached an agreement with the Senate Ethics Committee that wouldn’t allow him to financially gain from a lawsuit.

‘We can find out a way forward, but not this way,’ Graham said.


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House conservatives are mounting a push that could extend the looming partial government shutdown if the Senate does not accept a key election integrity measure backed by many on the right.

Rep. Anna Paulina Luna, R-Fla., told Fox News Digital on Thursday evening that she and a ‘handful’ of House Republicans are pushing to get the Safeguarding American Voter Eligibility (SAVE) Act added to the spending compromise that’s expected to pass the Senate and be sent to the House on Friday.

The legislation, which was introduced by Rep. Chip Roy, R-Texas, and passed the House in April 2025, would require proof of citizenship in the voter registration process.

‘I know for a fact that if the SAVE Act is a standalone vote in the Senate, just like every other good piece of legislation, it’s going to die,’ Luna told Fox News Digital.

She declined to say how many House GOP lawmakers supported her effort but said, ‘It’s definitely a number that’s big enough to completely halt all floor proceedings.’

‘There’s some Republicans that are just straight-up coming out saying, ‘We’re going to basically be with Luna, and we will not be voting for any piece of legislation, specifically on these appropriations, that does not include the SAVE Act because of the fact that we know it’s not going to survive in the Senate,” Luna said.

Rep. William Timmons, R-N.C., who is also backing the effort, told Fox News Digital, ‘If the Democrats can play this game and shut the government down yet again, I think that we need to hold their feet to the fire.’

‘The American people want us to do our job. Government shutdowns are terrible, and so if [Senate Minority Leader Chuck Schumer, D-N.Y.] is going to shut the government down, I think it’s appropriate to…say this is your shutdown, and here’s the way to reopen,’ Timmons said.

The push could cause complications in the House, which is expected to consider the Senate’s federal funding compromise early next week.

Senate Democrats walked away from a bipartisan deal to fully fund the federal government for the remainder of fiscal year (FY) 2026 amid fallout over President Donald Trump’s surge of federal law enforcement in Minneapolis.

Federal officers shot and killed two U.S. citizens in the Midwest city during separate demonstrations against Trump’s immigration crackdown. In response, Democrats threatened to hold up a massive federal funding bill that also includes dollars for the departments of War, Labor, Health and Human Services, Transportation and others unless funding for the Department of Homeland Security (DHS) was stripped out.

The deal reached would fund all but DHS through Sept. 30, while funding DHS with a two-week extension of current spending levels to give Congress time to hash out a compromise that would include stricter guardrails on immigration enforcement agencies under the department’s purview.

With some conservatives already complaining about the deal, it’s likely that Democratic support will be needed to pass the legislation back in the House.

It’s not clear if attaching the SAVE Act to that package will alienate Democrats, however.

On the other side, Speaker Mike Johnson, R-La., will need nearly all Republicans to move in lockstep for the package to survive a procedural hurdle called a ‘rule vote.’ It’s a House-wide test vote of sorts that allows for debate and final consideration of a measure, but normally falls along party lines.

Luna would only need a small group of Republicans to tank the rule, which could extend the partial shutdown that’s already expected to happen beginning Feb. 1.

House GOP leaders could sidestep the rule vote altogether, however, by putting the bill up under suspension — a mechanism for fast-tracking legislation in exchange for raising the threshold for passage from a simple majority to two-thirds.

‘I don’t think that they would do that. I mean, that would be really problematic for them,’ Luna said.

But if successful, the bill would have to be sent back to the Senate for another vote.


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House Republicans are breaking fundraising records as they build resources to defend their razor-thin majority in November’s midterm elections.

The National Republican Congressional Committee (NRCC), which is the campaign arm of the House GOP, on Friday highlighted its robust fundraising last year, as well as ‘record’ hauls by House Speaker Mike Johnson, Majority Leader Steve Scalise and Majority Whip Tom Emmer.

The fundraising surge is much needed, as Republicans face a rough political climate due to persistent inflation, which is fueling President Donald Trump’s negative approval ratings. And as the party in power in the nation’s capitol, the GOP is also up against traditional political headwinds in the midterms.

The Trump administration and Republicans are also facing political backlash following the fatal shootings this month by federal enforcement agents of two U.S. citizens in Minnesota who were protesting the government’s unprecedented crackdown on illegal immigration.

Democrats, meanwhile, are energized following their ballot box successes last year as they rebound from their 2024 election setbacks and need a net gain of just three House seats in the midterms to capture the majority.

The NRCC showcased that it raked in $117.2 million last year, their best-ever off-election year haul other than 2021, when Democrats controlled the White House and Congress. The fundraising figures were first reported by Axios.

The committee also highlighted that Johnson brought in over $82 million for House Republicans in 2025, the most money ever raised in one year by a House speaker.

The NRCC also noted that Scalise’s $35.5 million haul marked his strongest off-year fundraising performance, and that Emmer brought in nearly $30 million, a record.

And the committee also noted that the Congressional Leadership Fund and the American Action Network, the top two outside political groups aligned with the House GOP, combined raked in a record $136 million.

‘House Republicans are building an unprecedented war chest because voters are buying what we’re selling. We’re all in on growing the majority, and our fundraising numbers prove we have the resources to win across the map,’ NRCC Spokesman Mike Marinella emphasized in a statement to Fox News Digital.

Democrats’ House campaign chair tells Fox Digital her focus on affordability is ‘absolutely going to continue’ in 2026

The rival Democratic Congressional Campaign Committee (DCCC) has yet to announce their fourth quarter fundraising figures.

But DCCC spokesperson Justin Chermol highlighted, ‘No amount of money can rescue this hopeless, directionless, and extreme House Republican majority.’


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