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Despite the current low price environment, the long-term demand for battery metals is robust and offers opportunity for those interested in lithium stocks.

Seasoned metals investors who want to look beyond gold and silver are getting involved, while new investors are being drawn into the space by expanding battery market and lithium supply deals between auto makers and lithium producers.

Whatever the reason, it’s important to get familiar with the lithium market before investing in lithium stocks. Here’s a brief overview of some of the basics, including supply and demand, prices and companies.

In this article

    Where is lithium mined?

    Lithium is found globally in hard-rock deposits, evaporated brines and clay deposits. There’s some contention as to which type of deposit is superior, but generally there are challenges and upsides for both.

    The world’s largest hard-rock mine is the Greenbushes mine in Australia, and the bulk of the world’s lithium brine production comes from salars in Chile and Argentina. Most large lithium reserves are in Chile, and the prolific “Lithium Triangle” spans Chile, Argentina and Bolivia. Australia was once again the world’s largest lithium producer in 2024, followed by Chile and China.

    Canada and the United States, ranked as the seventh and ninth largest lithium producing countries, are increasingly becoming hotspots for lithium development and production as North American auto makers seek to secure domestic supply sources.

    What’s the difference between battery-grade and technical-grade lithium?

    Technical-grade lithium is used in ceramics, glass and other industrial applications, while battery-grade lithium carbonate and lithium hydroxide are used to make lithium-ion batteries. These lithium products can also be used for technical applications in a pinch, although battery-grade lithium fetches premium market prices over technical-grade. Those aren’t the only classifications, though. Pharmaceutical grade lithium carbonate is used in medicine.

    How is lithium priced?

    Getting a look at lithium prices isn’t easy, and that can make it difficult for investors who are looking to assess the viability of a given project. Pricing in the lithium industry has always been opaque due to the dominance of a few major producers, with investors having very little pricing information they can trust.

    Simon Moores of Benchmark Mineral Intelligence has emphasized that pricing can be a difficult concept for investors to grasp.

    “The biggest myth surrounding pricing is, ‘What is the price of lithium?’ Because there is no one price,” he said. “The newcomers want one lithium price, but the existing market has a wide range of lithium chemicals and then grades within a specification.’

    There are also distinct prices for lithium on markets in different regions, meaning lithium hydroxide in China will be priced slightly different than in Europe.

    For those looking to invest in lithium who want to learn about lithium prices, it’s best to read reports on lithium price trends from experts to help you understand what is happening in the market.

    What factors drive the lithium market?

    A major driver for the lithium market is its use in the lithium-ion batteries that power electric vehicles, energy-storage systems, smart phones and laptops.

    Global EV sales reached 17 million units in 2024, up 25 percent from the previous year, according to International Energy Agency (IEA) data. The figure represents more than 20 percent of all new cars sold worldwide. Looking forward, EV sales are expected to increase by another 25 percent to surpass 20 million in 2025, amounting to about one-quarter of total new car sales for the year.

    Tesla with its Nevada-based gigafactory was the first carmaker to stoke excitement in the lithium space. However, advancements in Chinese battery technologies, strategic pricing and government support led to Chinese EV maker BYD Company (HKEX:1211) overthrowing Tesla (NASDAQ:TSLA) as the global EV market leader in sales for 2024. That trend has continued into 2025, as Elon Musk’s involvement in US politics has also damaged Tesla’s brand for both sides of the political spectrum.

    The ascension of a Chinese automaker on the global EV stage doesn’t come as a surprise to most market insiders. The IEA is forecasting that China will see more than 14 million new EVs will be sold in 2025, representing 60 percent of all new cars sold in the country. Even more impressive, this figure is more than all EVs sold worldwide in 2023.

    When it comes to the lithium batteries that power electric vehicles, the US Energy Information Administration (EIA) data shows that in 2023, “China controlled nearly 85% of the world’s battery cell production capacity by monetary value.”

    In the US, the election of Donald Trump to a second term as president has cast a shadow over the North American EV market. On September 30, 2025, the Trump Administration is set to scrap the US$7,500 consumer tax credit for EVs offered under the Biden-era Inflation Reduction Act. Government incentives to purchase EVs has also evaporated in Canada, despite the mandate that by 2035, 100 percent of new vehicle sales must be zero-emission vehicles.

    “North America, and in particular Canada, is experiencing a slowdown of EV sales in 2025. With Trump’s latest cuts in his ‘Big Beautiful Bill,’ the USA could struggle to see any growth in the EV market overall in 2025,” said Rho Motion Data Manager Charles Lester.

    Data centers and artificial intelligence technologies represent another key demand trend for lithium as they require significant investments in battery energy storage systems.

    “Batteries are now essential — not just for EVs, but to balance power systems across sectors,” said Paul Lusty, head of battery raw materials at Fastmarkets, at Fastmarkets’ Lithium Supply & Battery Raw Materials conference in June.

    On the supply side, China has made a major push in recent years to expand its lithium mine production, leading to an oversupplied market. The resulting lithium price slump forced Australian lithium miners to stall development plans, curtail production and even place some operations on care and maintenance.

    Fastmarkets has reported that China is set to surpass Australia as the world’s largest lithium producing country by 2026.

    Lithium mine supply disruptions out of China are already having an oversized impact. In mid-August 2025, Chinese battery giant Contemporary Amperex Technology (CATL) (SZSE:300750,HKEX:3750) confirmed it had suspended operations at Jianxiawo, one of the world’s largest lithium mines, after the mine’s permit expired on August 9 and the company failed to obtain an extension.

    The news sent lithium spot prices higher as well as the stock values of ex-China lithium miners such as Lithium Americas (NYSE:LAC), Pilbara Minerals (ASX:PLS) and Mineral Resources (ASX:MIN).

    How to invest in lithium stocks

    So what’s the best way to invest in lithium? How should investors interested in lithium stocks begin? To start, it helps to understand the lithium production landscape.

    For a long time, most lithium was produced by an oligopoly of lithium producers often referred to as the “Big 3”: Albemarle (NYSE:ALB), Sociedad Quimica y Minera (SQM) (NYSE:SQM) and FMC. Rockwood Holdings was on that list too before it was acquired by Albemarle several years ago.

    However, the list of the world’s top lithium-mining companies has changed in recent years. The companies mentioned above still produce the majority of the world’s lithium, but China accounts for a large chunk of output as well. As already discussed, the Asian nation is on track to become the largest lithium-producing country by 2026.

    For now, the biggest producer continues to be Australia, which is home to many lithium mines, including up-and-comer Liontown Resources’ (ASX:LTR,OTC:LINRF) Kathleen Valley operations. The mine entered open-pit production during H2 2024, and the plant hit commercial production in January 2025. The company is currently transitioning Kathleen Valley from an open-pit to underground mining operation, making it the state of Western Australia’s first underground lithium mine.

    In other words, lithium investors need to be keeping an eye on lithium-mining companies in Australia and other jurisdictions in addition to the New York-listed chemical companies that produce the material.

    Of course, smaller lithium stocks are worth watching too — to find out which ones are currently thriving, check out our top global lithium stocks article. You can also check out our articles on the biggest lithium stocks globally, top performing Australian lithium stocks and top Canadian lithium stocks.

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

    This post appeared first on investingnews.com

    The U.S. accepted a luxury Boeing Jet as a gift from Qatar in May, with plans to retrofit it to become the next Air Force One. The Air Force says the effort will cost less than $400 million for the updates. Other estimates show it could cost more than $1 billion. 

    Meanwhile, a separate deal with Boeing to produce two new 747-8s has faced significant delays and cost the company more than $1 billion.

    ‘They’re getting a new Air Force One. I didn’t want to do it because if I did it they’d say why are you doing that?,’ President Donald Trump said in January 2016. ‘I don’t mind getting that plane, but, you know, it does seem like an awful lot of money, doesn’t it?’

    The Air Force first announced the plan to develop the 747-8s in 2015, when President Barack Obama was in office.

    ‘The President doesn’t need a new plane right now. But eight years from now, whoever is President, they are likely to need a new plane,’ White House Press Secretary Josh Earnest said in October 2015.

    Nearly ten years later, the Air Force One project has yet to deliver, prompting President Trump to look for other options.

    ‘I’m not happy with Boeing. It takes them a long time to do, you know, Air Force One,’ President Trump said in February. ‘I could buy one from another country, perhaps. Or get one from another country.’

    The Air Force and Boeing now say their jets could fly by 2027. A White House report estimates the debut might not take place until 2029. President Trump told reporters on July 29, the retrofitted Qatar Jet could be in the air by February. 

    ‘I think it’s another example of them pulling us so closely to them that our interests become aligned, even if they’re not,’ Staff Writer for the Free Press Jay Solomon said.

    According to an investigation by Solomon and fellow Free Press writer Frannie Bock, Qatar has spent almost $100 billion to establish its influence in the U.S. Qatari officials have funneled money into Ivy League universities to build campuses in Doha, newsrooms like Al Jazeera and corporations to establish offices in Qatar. Doha has also made an effort to invite congressional delegations to visit, while paying lobbyists to align with lawmakers on both sides of the aisle. President Trump even made a stop in the country as part of the first major foreign trip of his second term.

    ‘Their national security apparatus is fused now into the United States. They’re surrounded by Iran, Saudi Arabia, the UAE countries they’re either kind of frenemies with or not friends at all,’ Solomon said.

    Qatar’s ties to Iran and extremist groups lead many of its neighbors to sever diplomatic relations for several years.

    ‘The nation of Qatar, unfortunately, has historically been a funder of terrorism at a very high level,’ President Trump said in June 2017.

    The blockade ended with little impact on Qatar’s economy and without Doha meeting the demands to end its ties to terror groups.

    ‘They sort of use their relationship with the United States as a way to project what is a very aggressive foreign policy. Which there are a lot of questions, is that foreign policy really aligned with the U.S.?’

    Qatar allowed the Taliban to open a political office in Doha in 2013 while maintaining close relations with the U.S. The Qataris have also worked to negotiate peace between Israel and Hamas.

    ‘It’s really unfair accusations for [saying] Qatar’s trying to buy influence. Throughout the last 25 years or 30 years, you will see, you’ll find Qatar always by the side of the U.S. in many areas and many things,’ Qatari Prime Minister Sheikh Mohammed bin Abdulrahman Al Thani said.

    Qatar said they are proud of their relationships with U.S. entities and its effort to mediate conflicts, but some question the country’s intentions.

    ‘I stew over this, to be honest. A lot of people do. I think they have gotten some of the hostages if you look at it on a positive note, they helped Americans get out of Afghanistan. They helped negotiate the end of our role in Afghanistan. You could look at that and say, wow, that’s positive,’ Solomon said. ‘But I do think they empower groups in a lot instances that are not our friends.’

    Lawmakers on both sides of the aisle express unease over Qatar’s controversial record on human rights and terror links.

    ‘Qatar is not, in my opinion, a great ally,’ Sen. Rick Scott, R-Fla., said in May.

    Rep. Ted Lieu, D-Calif., said at a press conference with other democrats that ‘there is no such thing as a free palace in the sky.’ And Sen. Chris Coons, D-Del., noted ‘the Trojan Horse was a gift.’

    The White House deflected concerns. Treasury Secretary Scott Bessent told CNN, ‘the French gave us the Statue of Liberty. The British gave us the Resolute Desk.’

    Senate Minority Leader Chuck Schumer, D-N.Y., announced a hold on approving all Justice Department nominees until the White house gave more details about the jet deal.

    ‘This just isn’t naked corruption. It’s also a national security threat,’ Schumer said on the Senate Floor in May.

    Democrats have now delayed more than 140 judicial nominees.

    ‘When it comes to gifts, we have ethics rules. We have them in the Senate. We’ve got them in White House. Those rules need to be followed. And ultimately what we want is to make sure that we’ve got the president traveling in a way that’s as safe as possible,’ Sen. Pete Ricketts, R-Neb., said.

    A memo reviewed by ABC News stated the donation of the jet is unconditional and that ‘the aircraft may be used or disposed by the DOD in its sole discretion.’

    U.S. laws generally prohibit the acceptance of large foreign gifts by government employees, including the president. However, the statute can be interpreted to show gifts can be put into official government use with the agency’s approval.

    ‘This plane’s not for me. This goes to the United States Air Force. For whoever is president. At some point, it’ll be like Ronald Reagan, it will be decommissioned. You know, it’s 11 years old,’ President Trump said on Special Report during his trip to the Middle East. ‘It would be decommissioned because they won’t want it. Plus, they’ll have the other two planes by that time.’

    Legal analysis also shows an individual may transfer large gifts to a government agency for sale or donation. President Trump says the jet would be donated to his presidential library after he leaves office.

    ‘When they give you a putt, you pick it up and you walk to the next hole and you say, thank you very much,’ President Trump said to questions over the ethics of the gift.

    ‘There seems to be conflicts of interest all over the place. When it comes to Qatar and the highest wrongs of the administration,’ Solomon said. ‘Are their decisions on these types of issues gonna be in any way conflicted or influenced by the fact that they’re taking major gifts from a government that’s the main Sponsor of the Muslim Brotherhood.’


    This post appeared first on FOX NEWS

    President Donald Trump stood by Health and Human Services Secretary Robert Kennedy Jr. after he faced an intense grilling from senators on Capitol Hill on Thursday, telling reporters, ‘I like the fact that he’s different.’

    While speaking with the press during his dinner with technology industry leaders at the White House, Trump was asked about the hearing.

    ‘Mr. President, Sen. Bill Cassidy [R-La.] said, effectively, we’re denying people vaccines. Do you have full confidence in what RFK Jr. is doing?’ asked a reporter.

    Trump noted that he ‘didn’t get to watch the hearings today,’ but spoke highly of Kennedy, saying, ‘he’s a very good person.’

    ‘He means very well. And he’s got some little different ideas. I guarantee a lot of the people at this table like RFK Jr., and I do, but he’s got a different take, and we want to listen to all of those takes,’ said the president.

    ‘But I heard he did very well today,’ Trump went on. ‘It’s not your standard talk, I would say that, and that has to do with medical and vaccines. But if you look at what’s going on in the world with health and look at this country also with regard to health, I like the fact that he’s different.’

    While testifying before the Senate Finance Committee, Kennedy faced intense criticism from Democratic senators, including Sen. Ron Wyden, D-Ore., who accused Kennedy of putting children into ‘harm’s way’ with his policies.

    Wyden pressed Kennedy during the hearing, saying that he believed Kennedy had ‘no regrets’ about a ‘fundamentally cruel’ agenda. 

    ‘This is about kids being pushed into harm’s way by reckless and repeated decisions to get scientists and doctors out of the way and allow conspiracy theories to dictate this country’s health policy,’ Wyden said at the end of his questioning. 

    ‘I don’t see any evidence that you have any regrets about anything you’ve done or plans to change it. And my last comment is, I hope that you will tell the American people how many preventable child deaths are an acceptable sacrifice for enacting an agenda that I think is fundamentally cruel and defies common sense,’ said Wyden.

    Kennedy countered by noting Wyden’s decades in office while chronic disease rates climbed significantly.

    ‘Senator, you’ve sat in that chair how long? Twenty, 25 years, while the chronic disease of our children went up to 76%. And you said nothing.’

    ‘You never asked the question of why it’s happening. Why is this happening? Today, for the first time in 20 years, we’ve learned that infant mortality has increased in our country. It’s not because I came in here. It’s because of what happened during the Biden administration that we’re going to end,’ he continued.

    Vice President JD Vance also came to Kennedy’s defense on Thursday, saying the senators who grilled him are ‘full of s— and everyone knows it.’

    ‘When I see all these senators trying to lecture and ‘gotcha’ Bobby Kennedy today all I can think is: You all support off-label, untested, and irreversible hormonal ‘therapies’ for children, mutilating our kids and enriching big pharma,’ Vance wrote in an X post. ‘You’re full of s— and everyone knows it.’

    Kennedy reposted the vice president, writing, ‘Thank you @JDVance. You put your finger squarely on the preeminent problem.’

    Kennedy’s testimony came one day after over 1,000 current and former HHS employees signed a letter calling for his resignation on Wednesday. Sen. Bernie Sanders, I-Vt., also called for his resignation.

    Fox News Digital’s Alexandra Koch, Jasmine Baehr and Anders Hagstrom contributed to this report.


    This post appeared first on FOX NEWS

    The launch of OpenAI’s ChatGPT created a major buzz around artificial intelligence (AI) stocks.

    ChatGPT is an AI chatbot software application that uses machine learning techniques to emulate human-written conversations. A hitherto niche subsector in the AI industry, this technology is called generative AI, and it’s been making an impact on myriad industries, including marketing, security, healthcare, gaming, communication, customer service and software development.

    The potential behind generative AI has been the primary driver behind a major stock rally that has helped the S&P and Nasdaq indices reach multiple new highs since 2023.

    According to Fortune Business Insights, the generative AI market is expected to grow at a compound annual growth rate of 39.6 percent between 2024 and 2032 to reach an impressive US$967.65 billion.

    Although investors can’t directly take a position in privately owned OpenAI, several technology stocks offer exposure to the expected growth in generative AI technology.

    Data was gathered using TradingView’s stock screener. All market cap and share price data was current as of September 2, 2025.

    Biggest generative AI stocks to watch

    These 10 tech giants offer investors exposure to generative AI by offering their own chatbots and generative AI products, developing the hardware and software necessary for AI and integrating AI into their product.

    1. NVIDIA (NASDAQ:NVDA)

    Market cap: US$4.15 trillion
    Current share price: US$170.74

    Nvidia is a pioneer and global leader in graphics processing unit (GPU) technology. The company designs the specialized chips used to train AI and machine learning models.

    While it has been well known in computer and gaming spaces for decades, Nvidia’s progress in the AI sector has been the biggest growth driver in recent years. The company currently holds the title of the world’s most valuable company, coming in ahead of rivals Microsoft, Apple and Alphabet.

    Nvidia’s new Blackwell GPU architecture, now in full production, delivers a significant performance leap for AI workloads compared to its predecessor. A new Blackwell Ultra system is set to be released later in 2025.

    Generative AI’s explosive growth is driving the market for chips designed by companies like Nvidia and Marvell Technology (NASDAQ:MRVL), as well as for memory chips from companies like Micron Technology (NASDAQ:MU), which are another important component to training generative AI systems.

    2. Microsoft (NASDAQ:MSFT)

    Market cap: US$3.75 trillion
    Current share price: US$505.12

    The technology behemoth Microsoft has invested US$13 billion in OpenAI throughout the years, and the company’s current AI solutions, Bing AI and Copilot, are based on OpenAI’s technology. Microsoft has also partnered with Palantir to provide AI tools to US defense and intelligence agencies.

    More recently, Microsoft’s AI branch, dubbed MAI, has branched out. In August 2025, Microsoft officially launched its first proprietary foundation model, MAI-1-preview, for its Copilot assistance, as well as a new speech model, MAI-Voice-1, designed for efficient, real-time audio processing.

    3. Apple (NASDAQ:AAPL)

    Market cap: US$3.41 trillion
    Current share price: US$220.72

    Apple has been incorporating its version of AI, Apple Intelligence, into its iPhones, MacBooks and Apple Watches. Its next major product reveal is scheduled for September 9, 2025.

    The company’s main goal is to deliver AI capabilities while maintaining user privacy by prioritizing on-device processing. For more complex tasks, it uses Private Cloud Compute, a secure system that runs on Apple’s custom silicon chips and is designed to ensure data is not stored or made accessible to Apple.

    Apple has partnered with OpenAI to integrate ChatGPT into its ecosystem. The upcoming iPhone 17 series is rumored to feature new AI-driven capabilities and enhanced integration of Apple Intelligence.

    4. Alphabet (NASDAQ:GOOGL)

    Market cap: US$2.56 trillion
    Current share price: US$211.35

    Alphabet, Google’s parent company, has played an important role in advancing generative AI technology. Its flagship AI model, Gemini, powers a wide range of services, with new versions continuously being rolled out. The company designs its own custom AI accelerator chips, like the TPU v5p, which are used to train large-scale language models and power its AI services.

    Alphabet’s subsidiary, DeepMind, focuses on AI research and development. Its AI system AlphaFold won the Nobel Prize in Chemistry in 2024 for its ability to predict the structure of proteins based on a protein’s unique amino acid sequence.

    AI continues to be embedded across Google’s services as well. For example, AI Overviews displayed in Google Search results reach over two billion users per month as of mid-2025.

    5. Amazon (NASDAQ:AMZN)

    Market cap: US$2.40 trillion
    Current share price: US$225.34

    Amazon subsidiary and cloud-computing platform Amazon Web Services (AWS) evolved out of Amazon’s transition from an online retailer to one of the world’s largest technology companies. AWS’s wide range of services includes computing, storage, databases, networking, analytics, machine learning and AI.

    AWS has many AI business tools on offer across four verticals: AI services, AI platforms, AI frameworks and AI infrastructure. Generative AI is nothing new to Amazon, as the technology forms the basis of conversational experiences with Amazon’s all-too-familiar Alexa.

    Since its launch in 2023, Bedrock, a service that enhances software with generative AI capabilities, has expanded its catalog of foundation models to include OpenAI’s open-weight models and Anthropic’s Claude 4. At its AWS Summit in New York, the company announced Amazon Bedrock AgentCore, an innovation to help businesses rapidly deploy and scale AI agents with enterprise-grade security and tool integration.

    6. Meta Platforms (NASDAQ:META)

    Market cap: US$1.85 trillion
    Current share price: US$735.11

    Meta has expressed its commitment to continued research within the generative AI sphere with an open-source approach to its software developments. The giant behind Facebook, Instagram and WhatsApp is one of the most influential companies in tech, sharing ranks with the likes of Microsoft and Alphabet.

    Meta AI, which is built with Meta Llama 3, is integrated into Meta’s apps and also exists as a standalone website. The company’s products use machine learning to streamline Facebook ad campaign generation and help businesses reach the right consumers. This strategy has led to Meta’s ad business being a primary driver of revenue.

    Meta CEO Mark Zuckerberg has maintained that increased spending on AI infrastructure is necessary to maintain its competitive position. The company has made massive infrastructure investments over the last year and has been aggressively hiring top-tier AI talent.

    7. Oracle (NYSE:ORCL)

    Market cap: US$632.83 billion
    Current share price: US$225.30

    Oracle is a tech company that’s been around since the 1970s. In the early 2000s, it began buying up other software companies, and today it is one of the leading providers of cloud-based database management software. Its primary AI service, Oracle Cloud Infrastructure (OCI) Generative AI, was released on January 23, 2024.

    Oracle has positioned itself as a neutral platform, offering its customers a choice of top-tier models from various providers. It has recently expanded its offerings to include Google’s Gemini models and has also deployed OpenAI’s GPT-5 across its cloud applications and database portfolio.

    Oracle maintains a long-standing partnership with Nvidia, leveraging its hardware for large-scale AI workloads. This collaboration has culminated in the company building a zettascale supercomputer using as many as 131,072 Nvidia Blackwell GPUs to tackle complex generative AI challenges.

    8. Palantir Technologies (NASDAQ:PLTR)

    Market cap: US$372.67 billion
    Current share price: US$157.29

    Palantir’s generative AI strategy is centered on its Artificial Intelligence Platform (AIP), a core product designed to help governments and commercial enterprises integrate AI into their operations with a focus on security and human-in-the-loop control.

    Rather than building models for general use, Palantir’s approach is to provide a platform that enables customers to leverage large language models from various providers, like OpenAI and Google, within their own private, secure networks.

    9. Salesforce (NYSE:CRM)

    Market cap: US$252.86 billion
    Current share price: US$241.73

    Salesforce is a global leader in cloud-based customer relationship management software. In 2023, the company announced a strategy to embed generative AI across its entire product portfolio to transform how businesses interact with their customers.

    In early 2025, Salesforce announced the retirement of its Einstein Copilot brand in favor of a new name, Agentforce, a fully autonomous AI agent that can handle complex, multi-step tasks across a company’s sales, service and marketing operations. The company has reported that AI agents are handling up to 50 percent of customer support conversations, which has led to a significant workforce restructuring.

    10. Cisco Systems (NASDAQ:CSCO)

    Market cap: US$268.49 billion
    Current share price: US$67.80

    Multinational digital communications firm Cisco Systems is a leader in IT and communications networks. Its strategy focuses on providing the hardware, software and security solutions enterprises need to build and deploy their own AI applications. The company has a large portfolio of multi-cloud products and applications, alongside strong relationships with Azure, AWS, Nvidia and Google Cloud.

    Cisco’s AI and machine learning offerings encompass a wide range of computing solutions for enterprises, including a focus on cybersecurity. Cisco has also brought to market new generative AI tools for IT professionals, including its own AI Assistant.

    In January, the company introduced Cisco AI Defense, an end-to-end solution that protects against the misuse of AI tools, data leakage and sophisticated threats beyond the capabilities of older security systems.

    Generative AI stocks to watch

    The following companies have not yet reached the market capitalization of our top 10, but are each worth billions of dollars and have made some amazing achievements in generative AI technology in their own right, making them interesting prospects for investors.

    In alphabetical order, they are:

    • C3.ai, a company providing software as a service products to the financial and oil and gas industries. Its partnership with Alphabet allows C3.ai generative AI applications to be available on Google Cloud.
    • DynaTrace, a data-analysis company that provides real-time feedback on IT infrastructure for various companies using its generative AI assistant, Davis.

    FAQs for generative AI

    What is generative AI?

    Generative AI is an emerging AI technology based on deep learning models and algorithms that can generate text, images or sounds in response to prompts given by users.

    What are generative AI examples?

    Some of the most notable examples of generative AI are ChatGPT, DALL-E 2, Midjourney, Stable Diffusion, Gemini, Copilot and DeepSeek.

    OpenAI’s DALL-E 2 is an AI system that can create realistic images and art from a description in natural language. Similar to DALL-E 2, Midjourney generates images from prompts. Stable Diffusion is a latent text-to-image diffusion model capable of generating photo-realistic images given any text input. Microsoft’s Copilot is a feature of the Bing search engine that leverages the same technology as ChatGPT.

    What are the hottest generative AI startups?

    According to technology and business magazine e-Week, in addition to ChatGPT creator OpenAI, some of the other leading generative AI startups include Hugging Face, Synthesis AI, Jasper and Cohere.

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

    This post appeared first on investingnews.com

    Alvopetro Energy Ltd. (TSXV: ALV,OTC:ALVOF) (OTCQX: ALVOF) announces August sales volumes of 2,375 boepd, based on field estimates. In Brazil August sales volumes averaged 2,257 boepd, including natural gas sales of 12.7 MMcfpd, associated natural gas liquids sales from condensate of 132 bopd and oil sales of 9 bopd. The large relative contribution of production from our 100% Murucututu field in August relates to the start of production from our 183-D4 well which commenced production later in August. From August 20 through September 3 the 183-D4 well produced at an average rate of 162 e 3 m 3 d (5.7 MMcfpd, 954 boepd) and we recovered 5,482 barrels of completions fluid and 1,033 barrels of natural gas liquids from condensate. Over the past 24 hours the well is producing through a constant 3664’choke at an average rate of 179 e 3 m 3 d (6.3 MMcfpd, 1,052 boepd) with a 1,015 psi flowing wellhead pressure and recovered 151 barrels of condensate (total well production 1,203 boepd) and 117 barrels of completions fluid. There are 10,322 barrels of 15,806 barrels of completions fluid left to recover. Given these extremely strong production results we are currently producing the Murucututu field from this single well as we are limited by our current facility capacity at Murucututu. As we continue to monitor these initial flow results, we will be evaluating options to improve production capacity of the system to allow for more production from the Murucututu field.

    In Canada , August sales volumes averaged 118 bopd from our two initial wells. We have recently added production from our most recently drilled two multi-lateral wells (1.0 net) at Big Gully that were drilled with an aggregate of over 19 kilometers of open hole reservoir contact and expect oil sales from these wells to commence in September.

    Natural gas, NGLs and crude oil sales:

    August

    2025

    July

    2025

    Q2

    2025

    Brazil:

    Natural gas (Mcfpd), by field:

    Caburé

    9,513

    11,120

    11,811

    Murucututu

    3,185

    1,753

    1,191

    Total natural gas (Mcfpd)

    12,698

    12,873

    13,002

    NGLs (bopd)

    132

    130

    128

    Oil (bopd)

    9

    9

    3

    Total (boepd) – Brazil

    2,257

    2,284

    2,298

    Canada:

    Oil (bopd) – Canada

    118

    134

    138

    Total Company – boepd (1)

    2,375

    2,418

    2,436

    (1) Alvopetro reported volumes are based on sales volumes which, due to the timing of sales deliveries, may differ from production volumes.

    Corporate Presentation

    Alvopetro’s updated corporate presentation is available on our website at: http://www.alvopetro.com/corporate-presentation .

    Social Media

    Follow Alvopetro on our social media channels at the following links:

    Twitter – https://twitter.com/AlvopetroEnergy
    Instagram – https://www.instagram.com/alvopetro/
    LinkedIn – https://www.linkedin.com/company/alvopetro-energy-ltd

    Alvopetro Energy Ltd. is deploying a balanced capital allocation model where we seek to reinvest roughly half our cash flows into organic growth opportunities and return the other half to stakeholders. Alvopetro’s organic growth strategy is to focus on the best combinations of geologic prospectivity and fiscal regime. Alvopetro is balancing capital investment opportunities in Canada and Brazil where we are building off the strength of our Caburé and Murucututu natural gas fields and the related strategic midstream infrastructure.

    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.

    Abbreviations:

    boepd                    =

    barrels of oil equivalent (‘boe’) per day

    bopd                      =

    barrels of oil and/or natural gas liquids (condensate) per day

    e 3 m 3 /d                   =

    thousand cubic metre per day

    m 3 =

    cubic metre

    m 3 /d                       =

    cubic metre per day

    Mcf                         =

    thousand cubic feet

    Mcfpd                     =

    thousand cubic feet per day

    MMcf                      =

    million cubic feet

    MMcfpd                  =

    million cubic feet per day

    NGLs                     =

    natural gas liquids (condensate)

    psi                          =

    pounds per square inch

    BOE Disclosure

    The term barrels of oil equivalent (‘boe’) may be misleading, particularly if used in isolation. A boe conversion ratio of six thousand cubic feet per barrel (6 Mcf/bbl) of natural gas to barrels of oil equivalence is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. All boe conversions in this news release are derived from converting gas to oil in the ratio mix of six thousand cubic feet of gas to one barrel of oil.

    Well Results

    Initial production results from the 183-D4 well should be considered preliminary. There is no representation by Alvopetro that the initial production results relating to the 183-D4 well contained in this press release are necessarily indicative of long-term performance or ultimate recovery. The reader is cautioned not to unduly rely on such data as such data may not be indicative of future performance of the well or of expected production or operational results for Alvopetro in the future.

    Forward-Looking Statements and Cautionary Language

    This news release contains forward-looking information within the meaning of applicable securities laws. The use of any of the words ‘will’, ‘expect’, ‘intend’, ‘plan’, ‘may’, ‘believe’, ‘estimate’, ‘forecast’, ‘anticipate’, ‘should’ and other similar words or expressions are intended to identify forward-looking information. Forward‐looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not such results will be achieved. A number of factors could cause actual results to vary significantly from the expectations discussed in the forward-looking statements. These forward-looking statements reflect current assumptions and expectations regarding future events. Accordingly, when relying on forward-looking statements to make decisions, Alvopetro cautions readers not to place undue reliance on these statements, as forward-looking statements involve significant risks and uncertainties. More particularly and without limitation, this news release contains forward-looking statements concerning future production and sales volumes, the expected timing of production and sales commencement from certain wells, and plans relating to the Company’s operational activities, proposed development activities and the timing for such activities. Forward-looking statements are necessarily based upon assumptions and judgments with respect to the future including, but not limited to the success of future drilling, completion, testing, recompletion and development activities and the timing of such activities, the performance of producing wells and reservoirs, well development and operating performance, expectations and assumptions concerning the timing of regulatory licenses and approvals, equipment availability, environmental regulation, including regulations relating to hydraulic fracturing and stimulation, the ability to monetize hydrocarbons discovered, the outlook for commodity markets and ability to access capital markets, foreign exchange rates, the outcome of any disputes, the outcome of  redeterminations, general economic and business conditions, forecasted demand for oil and natural gas, the impact of global pandemics, weather and access to drilling locations, the availability and cost of labour and services, and the regulatory and legal environment and other risks associated with oil and gas operations. The reader is cautioned that assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be incorrect. Actual results achieved during the forecast period will vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors. Current and forecasted natural gas nominations are subject to change on a daily basis and such changes may be material. In addition, the declaration, timing, amount and payment of future dividends remain at the discretion of the Board of Directors. Although we believe that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because we can give no assurance that they will prove to be correct. Since forward looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, risks associated with the oil and gas industry in general (e.g., operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production, costs and expenses, reliance on industry partners, availability of equipment and personnel, uncertainty surrounding timing for drilling and completion activities resulting from weather and other factors, changes in applicable regulatory regimes and health, safety and environmental risks), commodity price and foreign exchange rate fluctuations, market uncertainty associated with trade or tariff disputes, and general economic conditions. The reader is cautioned that assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be incorrect. Although Alvopetro believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Alvopetro can give no assurance that it will prove to be correct. Readers are cautioned that the foregoing list of factors is not exhaustive. Additional information on factors that could affect the operations or financial results of Alvopetro are included in our AIF which may be accessed on Alvopetro’s SEDAR+ profile at www.sedarplus.ca . The forward-looking information contained in this news release is made as of the date hereof and Alvopetro undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

    www.alvopetro.com
    TSX-V: ALV, OTCQX: ALVOF

    SOURCE Alvopetro Energy Ltd.

    Cision View original content: http://www.newswire.ca/en/releases/archive/September2025/04/c6415.html

    News Provided by Canada Newswire via QuoteMedia

    This post appeared first on investingnews.com

    Vice President JD Vance shot back at senators who clashed withHealth and Human Services Secretary Robert F. Kennedy Jr. at a hearing before the Senate Finance Committee Thursday, saying they are ‘full of s— and everyone knows it.’

    Sen. Ron Wyden, D-Ore., pressed Kennedy during the hearing, accusing him of endangering children with reckless decisions and conspiracy-driven policies, adding that he believed Kennedy had ‘no regrets’ about a ‘fundamentally cruel’ agenda. 

    Kennedy countered by noting Wyden’s decades in office while chronic disease rates climbed to 76%.

    The Vice President later sounded off on X, using profanity while directly addressing the opposition.

    ‘When I see all these senators trying to lecture and ‘gotcha’ Bobby Kennedy today all I can think is: You all support off-label, untested, and irreversible hormonal ‘therapies’ for children, mutilating our kids and enriching big pharma,’ Vance wrote in an X post. ‘You’re full of s— and everyone knows it.’

    Secretary Kennedy reposted the Vice President, writing ‘Thank you @JDVance. You put your finger squarely on the preeminent problem.’

    Other White House voices chimed in to support Secretary Kennedy after the fiery hearing. Press secretary Karoline Leavitt wrote, ‘Secretary @RobertKennedyJr is taking flak because he’s over the target. The Trump Administration is addressing root causes of chronic disease, embracing transparency in government, and championing gold-standard science. Only the Democrats could attack that commonsense effort.’

    ‘Democrats are getting absolutely TORCHED by @SecKennedy,’ wrote Deputy White House chief of staff Taylor Budowich. ‘They seem uninterested in health or human services, just parrots of a failed medical orthodoxy that has made America less healthy. Great hearing and preparation by the Sec.’

    The exchange came a day after more than 1,000 current and former HHS employees called for Kennedy’s resignation.

    At the hearing, Wyden accused Kennedy of elevating conspiracy theories and mismanaging federal health agencies, saying his tenure has been defined by ‘chaos’ and ‘corruption’ benefiting himself and President Donald Trump and rising health costs for families.

    He also accused Kennedy of ‘taking vaccines away from Americans’ and threatening doctors who deviated from his guidelines.

    Kennedy touted his department’s work, saying it has been ‘the busiest, most proactive administration in HHS history.’ 

    In six months, he said, HHS has tackled issues ranging from food and baby formula contamination to drinking water safety, drug prices, e-cigarettes, heroin at gas stations and prior authorization delays.

    ‘We’re ending gain of function research, child mutilation and reducing animal testing,’ Kennedy said. ‘We are addressing cellphone use in schools, excessive screen time for youth, lack of nutrition education in our medical schools, sickle cell anemia, hepatitis C, the East Palestine chemical spill and many, many others. At FDA, we are now on track to approve more drugs this year than at any time in history.’

    Committee Chairman Mike Crapo, R-Idaho, Vance and Wyden did not immediately respond to Fox News Digital’s requests for comment.

    Fox News Digital’s Anders Hagstrom contributed to this report.


    This post appeared first on FOX NEWS

    China’s Xi Jinping likes getting the world stirred up with military confrontation. Perhaps that’s why he wore his Mao Zedong high-collar suit, channeling the aura of the 1949 revolution, to the first major military parade in China since 2019. 

    With him stood Russia’s Vladimir Putin and North Korea’s Kim Jong Un, marking the first time in 66 years that this terrible trio of leaders of China, North Korea and Russia have gotten together. 

    And did you catch the hot mic moment with Xi and Putin, both 72, groaning like the ‘Grumpy Old Men’ they are about how ’70 is just a child’ and wondering if organ transplants can enable immortality? Kim, just 41, stifled a grin. Who knows who will have the last laugh in that trio. They are not my picks for immortality. 

    Xi, Putin and Kim had their serious dictator faces back on as they watched as China’s People’s Liberation Army Rocket Force – teacher’s pet to Xi – roll their DF-5C intercontinental nuclear missiles down the streets of Beijing. They also showed off a new variant of their DF-26D medium-range missile. They claim it can hit U.S. ships and aircraft carriers or the island of Guam. 

    Dealing with this trio is a challenge like no other. And it’s all in a day’s work for President Donald Trump. Trump said he’s not concerned and called them out with some choice trash-talk, posting on Truth Social about their rather obvious efforts to ‘conspire’ against the U.S.

    The China-Russia military alliance is the single biggest danger the U.S. military has ever faced. 

    However, Xi’s plan for world domination is showing some fault lines. Xi has scrambled for 13 years to build up China’s military. His strategy is based on loading up with missiles, missiles and more missiles. Yet looking at what rolled down the streets in Beijing, the fact remains that China can’t outpace U.S. military technology, despite decades of espionage, copycat designs and heavy military spending. 

    The U.S. has some far superior systems. I’m talking about the new B-21 stealth bombers and F-47 sixth-gen fighters, for example. China has no true equivalents. 

    The U.S. also has new ways to deal with China’s missiles. The U.S. Space Force’s new Hypersonic and Ballistic Track and Surveillance System will use a constellation of satellites in low earth orbit, cued to use a medium field-of-view, to track China’s hypersonic missiles as they maneuver. Innovations like this nix China’s gains. 

    China hosts Vladimir Putin, Kim Jong Un during military parade

    The parade showcasing ‘multi-domain’ technologies that might be used during an invasion of Taiwan was underwhelming. China’s laser gun on the truck, the unmanned surface vessels and even the big underwater drones are nothing remarkable. The U.S. has all that. Just check out the U.S. Navy’s massive Orca drone, which can lay seabed mines all by itself. Or the U.S. Army’s high-energy laser tests against drone swarms at Fort Sill, Oklahoma, this summer. 

    Xi needs his thug friends to challenge the U.S. and allies. Sadly, China allows Putin the option of refusing to talk about ending the war in Ukraine. The warm welcome given to North Korea showed that China is eager for Kim’s rising nuclear capabilities to provoke the U.S. and Pacific partners. Kim toured a solid-fueled missile facility before boarding the train to Beijing and North Korea is working on nuclear submarines as well. That’s scary.

    Trump’s nonchalance in dealing with this terrible trio is possible because the administration is taking action every day to shore up America’s power and oppose the China-Russia alliance. 

    In the Oval Office Tuesday, Trump flexed American power with two very different announcements.

    Trump shares footage of military strike against suspected Tren de Aragua drug boat

    First, U.S. forces blew up a Tren de Aragua drug runner’s fast boat with an anti-ship missile. The strike opened a whole new chapter in the drug war.  

    Tren de Agua is a designated terrorist organization, so in tactical terms, this is no different from striking ISIS or Houthi terrorists in the Middle East.  Believe me, the U.S. Navy has plenty more anti-ship missiles and it’s high time to clean up the Western Hemisphere. Trump’s predecessor James Monroe, famous for the Monroe Doctrine, would be proud.

    Next, Trump announced that U.S. Space Command will be headquartered in Huntsville, Alabama. U.S. dominance in military and commercial space is essential for the economy and for global power; that’s why Trump created the United States Space Force as the sixth military branch in 2019. 

    Trump announces Space Command will move to Alabama

    Elon Musk’s Starlink and now Amazon’s Kuiper are muscling China out with thousands of satellites in low-earth orbit to deliver broadband, and backstop U.S. military freedom of action in space. And the Space Force is key to the Golden Dome defenses for the U.S.

    Trump praised for strike that killed 11 Tren de Aragua members: He

    Finally, no military parade can cover up the fact that China, Russia and North Korea all face economic problems. China’s growth rate has halved in recent years and tariffs threaten the continued expansion in global markets that is Xi’s top economic priority. Russia is running on defense production and oil sales, and North Korea has no discernible economy apart from its trade with China. 

    Those other leaders in the parade photo had better not be looking to do more business with the U.S. anytime soon. The larger economic reality is that the U.S. is winning the AI race and, with concerted effort, can shut the door on China’s attempts to dominate AI. 


    This post appeared first on FOX NEWS

    A Senate Democrat compared language from one of the nation’s founding documents to that of Iran during a Senate hearing considering President Donald Trump’s nominees.

    Sen. Tim Kaine, D-Va., pushed back against the opening statement of Riley Barnes, who was tapped by Trump to serve as assistant secretary of state for democracy, human rights and labor, during a Senate Foreign Relations hearing Wednesday.

    Barnes quoted Secretary of State Marco Rubio in his opening remarks, telling lawmakers on the panel, ‘We are a nation founded on a powerful principle, and that powerful principle is that all men are created equal, because our rights come from God our Creator — not from our laws, not from our governments.

    ‘The secretary went on to say that we will always be strong defenders of that principle, and that’s why the Bureau of Democracy, Human Rights, and Labor is important,’ he said. ‘We are a nation of individuals, each made in the image of God and possessing an inherent dignity. This is a truth that our founders understood as essential to American self-government.’

    But Kaine, who is a Catholic, found Barnes’ sentiment ‘troubling.’

    ‘The notion that rights don’t come from laws and don’t come from the government, but come from the Creator, that’s what the Iranian government believes,’ Kaine said. ‘It’s a theocratic regime that bases its rule on Shia law and targets Sunnis, Bahá’ís, Jews, Christians and other religious minorities.

    ‘And they do it because they believe that they understand what natural rights are from their Creator,’ he continued. ‘So, the statement that our rights do not come from our laws or our governments is extremely troubling.’

    Kaine said he was a ‘strong believer in natural rights’ but noted that if natural rights were to be debated by people within the committee room with different views and religious traditions, ‘there would be some significant differences in the definitions of those natural rights.’

    While the Constitution does not explicitly mention God or a Creator, the Declaration of Independence does.

    ‘We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness,’ the document states.

    Kaine’s sentiment drew heat from Bishop Robert Barron of Minnesota, who panned his remarks in a post on X Thursday. Barron argued that the lawmaker was ‘actively contesting the view that our rights come from God and not from the government.’

    ‘If the government creates our rights, it can take them away,’ Barron said. ‘If the government is responsible for our rights, well then it can change them.’

    ‘It just strikes me as extraordinary that a major American politician wouldn’t understand this really elemental part of our system. God help us. I mean that literally, God help us if we say our rights are coming to us from the government, that gives the government, indeed, godlike power,’ Barron continued. 

    Fox News Digital reached out for comment from Kaine’s office but did not immediately hear back. 


    This post appeared first on FOX NEWS

    President Donald Trump will sign an executive order Friday to alter the name of the Department of Defense to the Department of War — reverting to the agency’s former namesake, Fox News Digital has learned. 

    Both Trump and Secretary of Defense Pete Hegseth recently have indicated that they want to change the name of the agency. It is one of several initiatives the Trump administration has spearheaded as part of its ‘warrior ethos’ campaign within the Pentagon. 

    A White House official confirmed to Fox News Digital Thursday that Trump would roll out the name change Friday. The executive order calls for using the Department of War as a secondary title for the Department of Defense, along with terms like the ‘Secretary of War’ for Hegseth, according to a White House fact sheet. 

    The order also instructs Hegseth to propose both legislative and executive actions to make the name change permanently ‘U.S. Department of War.’ 

    Likewise, implementing the order will require modifications to public-facing websites and office signage at the Pentagon, including renaming the public affairs briefing room the ‘Pentagon War Annex,’ according to a White House official. Other longer-term implementation projects also are in the works, the official said. 

    Trump signaled in recent days the change was imminent. 

    ‘Everybody likes that we had an unbelievable history of victory when it was Department of War,’ Trump told reporters Aug. 25. ‘Then we changed it to Department of Defense.’

    Hegseth, who Trump already has referred to on occasion as the ‘secretary of war,’ also expressed similar sentiments and said the change would reflect a broader, cultural shift within the Pentagon. 

    ‘We won WWI, and we won WWII, not with the Department of Defense, but with a War Department, with the Department of War,’ Hegseth said in a Wednesday interview with ‘Fox & Friends.’ ‘As the president has said, we’re not just defense, we’re offense.’ 

    ‘We’re reestablished at the Department the warrior ethos. We want warriors, folks that understand how to exact lethality on the enemy,’ he said. ‘We don’t want endless contingencies and just playing defense. We think words and names and titles matter. So we’re working with the White House and the president on it. Stand by.’ 

    The U.S. employed the Department of War title for its military agency up until 1949, when it was renamed the Department of Defense in accordance with a series of massive reforms included in the National Security Act of 1947. 

    It’s unclear if Congress, which has the authority to establish federal executive departments, will need to step in to issue final approval on the move. However, Trump previously has voiced confidence that he doesn’t need approval from lawmakers, and that they will get on board if necessary. 

    ‘We’re just going to do it,’ Trump told reporters Aug. 25. ‘I’m sure Congress will go along if we need that. I don’t think we even need that.’

    The executive order changing the name of the Department of Defense will be the 200th order Trump has signed in his second term. 

    Fox News’ Morgan Phillips contributed to this report. 


    This post appeared first on FOX NEWS

    Empire Metals Limited (LON:EEE)(OTCQX:EPMLF), the resource exploration and development company, is pleased to announce its interim results for the six-month period ended 30 June 2025.

    Highlights:

    • Pitfield confirmed as the world’s most significant new titanium discovery, with unparalled scale, consistency of high-grade and purity.
    • Largest drilling campaign to date launched at the Thomas Prospect delivered outstanding results and identified a large high-grade near-surface core, averaging ~6% TiO₂ over a continuous 3.6km strike.
    • Metallurgical testwork achieved a 99.25% TiO₂ product, demonstrating a highly efficient and potentially lower-cost processing route.
    • Process development work has confirmed that Pitfield’s weathered ore is ideally suited to conventional mineral separation and refining, differentiating it from ilmenite-based projects which typically face lower recoveries, higher costs, and significant environmental challenges.
    • Maiden Mineral Resource Estimate (‘MRE’) on track for release in the coming weeks.
    • £4.5m raised in May 2025 to accelerate Pitfield development, with strong institutional support.
    • Further strengthening of board and technicial team with appointment of Phil Brumit as Non-Executive Director, Alan Rubio as Study Manager and Pocholo Aviso as Hydro-metallurgist.
    • Commenced US trading on the OTCQX in the US, broadening international investor access.

    Shaun Bunn, Managing Director, commented:‘The first half of 2025 has been a period of remarkable activity and momentum for Empire. Pitfield is no longer just a discovery story – it is fast becoming recognised as a project of global importance, with results that continue to exceed expectations. Our drilling campaigns have delivered some of the highest TiO₂ grades we’ve seen to date, confirming not only the exceptional quality of the deposit but also its scale consistency and simplicity.

    ‘Metallurgical testwork has shown that we can achieve a product of extraordinary purity using straightforward, conventional processing methods.This rare combination of scale, grade and simplicity underpins our confidence that Pitfield can emerge as one of the world’s leading titanium projects, capable of supplying high-value sectors such as aerospace and defence for decades to come.

    ‘From an operational standpoint, we are now on the cusp of delivering our maiden MRE, which we believe will firmly establish Pitfield among the world’s leading titanium assets. Beyond that, the pathway is clear: complete our expanded testwork, progress to pilot-scale operations, and begin engaging directly with end-users – particularly in high-value markets such as aerospace and defence, where titanium’s strategic importance is growing rapidly.

    ‘It is also encouraging to see the strength of market support for what we are building and I am confident that Empire can bring this once-in-a-lifetime discovery to commercial fruition in an expedient manner. With a world-class asset, a strengthened technical team, and strong financial backing, we are exceptionally well positioned for the next phase of growth.’

    Market Abuse Regulation (MAR) Disclosure

    Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014, as incorporated into UK law by the European Union (Withdrawal) Act 2018, until the release of this announcement.

    For further information please visit www.empiremetals.com or contact:

    CHAIRMAN’S STATEMENT

    The progress we have made during 2025 at our flagship Pitfield Project in Western Australia has been nothing short of transformational, positioning the Company at the forefront of what we believe is the most significant titanium discovery globally. This represents a generational opportunity rapidly moving from exploration success toward commercial reality.

    Over the past six months, our team has demonstrated not only technical excellence but also the ability to deliver results that have redefined the perception of the Company in the market. We have moved from exploration to successfully establishing Pitfield’s potential to support long-term, large-scale, and high-value titanium supply. This achievement is reflected in the strong support we continue to receive from institutional investors, with £4.5 million raised in May 2025, and in the remarkable performance of our share price, which has risen more than 500% since the beginning of the year in response to a series of consequential milestone achievements.

    What sets Pitfield apart is not just its extraordinary scale, but the exceptional quality of its titanium mineralisation. Unlike many other titanium projects around the world, Pitfield benefits from high-grade mineralisation from surface which has been proven to be of exceptional purity, being very low in deleterious contaminants but also amenable to simple, conventional mining methods due to its unique geological profile. Equally important, our metallurgical work has confirmed that simple, conventional processing can deliver an exceptionally pure titanium dioxide product, grading 99.25% TiO₂.

    This combination of scale, grade, purity, and processing simplicity puts Pitfield in a league of its own. The Project is also located in Western Australia – a Tier One mining jurisdiction with world-class infrastructure, stable governance, a skilled workforce and a deeply rooted mining culture. Together, these advantages create a foundation for Pitfield to become a globally significant source of titanium supply.

    During the first half of 2025, we advanced Pitfield across multiple fronts. A major drilling campaign was launched in February that provided not only the bulk metallurgical samples that enabled a significant scale-up of our metallurgical test work programme during the period, but also represented the next step towards defining a Mineral Resource Estimate (‘MRE’) for Pitfield.

    A further drill campaign was launched in June 2025, the largest at Pitfield to date. The programme covered more than 11 square kilometres and targeted high-grade titanium mineralisation within the in-situ weathered cap at the Thomas Prospect, with the objective of delivering the MRE. This programme delivered some of the highest titanium dioxide grades recorded to date, with selected intercepts including: 44m @ 7.87% TiO2 from surface (AC25TOM159); 50m @ 7.84% TiO2 from 4m (AC25TOM130); 54m @ 7.41% TiO2 from surface (AC25TOM118); 98m @ 7.05% TiO2 from 2m (RC25TOM062); and 98m @ 7.05% TiO2 from 2m (RC25TOM068). A large, high-grade central core was identified from this drilling which averaged ~6% TiO2 across a continuous 3.6km strike length. In addition, nearly two thirds of all drillholes averaged > 4% TiO2, with over 90% exceeding a 2% TiO2 cut-off grade.

    We are now on the cusp of delivering our maiden MRE, which is expected in the coming weeks. Based on the results to date, we expect the MRE to be world-class and to serve as a foundation for the next phase of project development including mine scoping studies.

    Following the process development breakthrough announced post period end in August 2025, we are progressing through the bench-scale and large-scale batch metallurgical testwork programme, which we expect to complete by early 2026. This work will feed into the design of a continuous pilot plant, enabling us to refine the commercial flowsheet and to produce bulk samples for evaluation by prospective end-users.

    While most of the world’s titanium feedstock is used to produce titanium dioxide for pigments in paints, coatings, and plastics, Pitfield’s unique quality opens doors to higher-value markets. In particular, titanium sponge (for use in titanium metal production) stands out as a strategic growth opportunity. Titanium metal is essential in defence and aerospace applications due to its remarkable strength-to-weight ratio and resistance to extreme conditions. These attributes make it critical for fighter jets, naval vessels, spacecraft, and next-generation technologies.

    At a time when the geopolitical landscape is shifting rapidly, the security of titanium supply has never been more important. China has tripled its titanium sponge output since 2018 and now controls nearly 70% of global supply. The United States is 95% reliant on imports of titanium sponge and 86% reliant on imports of mineral concentrates. Similarly, the European Union is exposed to supply risks, with no meaningful domestic production. Pitfield therefore represents a unique opportunity for Empire to establish itself as a secure, Western-aligned generational supplier of titanium. This strategic positioning is already resonating strongly with investors and potential industry partners.

    Corporate

    As Pitfield advances toward development, we have made strategic additions to our team to ensure we have the right expertise in place. In January 2025, we were delighted to welcome Phil Brumit to the Board as a Non-Executive Director and Chair of our Technical Committee. Phil brings more than 40 years of operational and project management experience across leading global mining companies, including Freeport-McMoRan, Lundin Mining, and Newmont Corporation. His proven track record in overseeing large-scale projects from development through to production will continue to be invaluable as we pursue an expeditious development of Pitfield.

    Following the period end, we further strengthened our technical leadership with the appointments of Alan Rubio as Study Manager and Pocholo Aviso as Hydrometallurgist. Alan brings nearly three decades of experience in project evaluation and development, and will play a central role in assessing mining and infrastructure scenarios, as well as overseeing key economic studies. Pocholo, with his background in the TiO₂ pigment industry and metallurgical expertise, will lead the product development programme, optimising process flowsheets and assessing market pathways. Together, these appointments significantly enhance our ability to quickly advance Pitfield toward feasibility study stage with confidence and precision.

    Alongside our operational and corporate progress, we have also been proactive in broadening awareness of the Empire investment proposition to a wider international audience. A key part of this strategy was our decision to commence trading of our shares on the OTCQB Market in the United States in March 2025. We were particularly pleased to be upgraded to the OTCQX Market only a few months later, which is a significant step forward in providing US investors with greater visibility of, and access to, Empire.

    Trading on OTCQX opens the Company to a deep and diverse pool of new shareholders, many of whom are actively seeking exposure to strategic metals. Titanium is formally recognised as a critical mineral in numerous jurisdictions, including the United States, and our marketing initiatives across North America have confirmed the strong appetite for high-quality investment opportunities in this sector. Empire is therefore exceptionally well positioned to capture growing international investor interest as Pitfield advances toward commercialisation.

    Financial

    As an exploration and development group which has no revenue, we are reporting a loss for the six months ended 30 June 2025 of £1,704,821 (30 June 2024: loss of £1,389,318).

    In May 2025, the Company announced that it had raised £4.5 million before expenses by way of a placing of 47,368,423 new ordinary shares of no par value to new and existing investors at 9.5p per share.

    The Group’s cash position as at 30 June 2025 was £6.3 million.

    Outlook

    The months ahead will be a busy and exciting time for Empire Metals. The maiden MRE will provide a foundation for detailed project evaluation, while ongoing metallurgical testwork will further optimise our flowsheet and advance our understanding of Pitfield’s product potential. As we transition into the pilot testing phase, we will be engaging more closely with potential customers, including those in the titanium metal supply chain, to position Pitfield as a long-term, strategic source of secure supply.

    At the same time, we will continue to strengthen our team and capabilities to match the scale of the opportunity before us. With a world-class asset, a highly experienced team, strong financial backing, and a supportive market, we are exceptionally well placed to deliver on the unprecendented opportunity Pitfield presents.

    I would like to thank our shareholders for their continued support and confidence in Empire. The progress we have made in such a short time has been extraordinary, and I firmly believe we are only at the beginning of a highly rewarding journey that will see Pitfield become established as one of the most important titanium projects globally.

    With Pitfield, we are building the foundations of a secure, generational-scale titanium supply business that has the potential to reshape the global titanium industry. The coming months promise to be both exciting and defining, and I look forward to updating you on our continued progress.

    Neil O’Brien

    Non-Executive Chairman

    3 September 2025

    CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME


    NOTES TO THE INTERIM FINANCIAL STATEMENTS

    1. General Information

    The principal activity of Empire Metals Limited (‘the Company’) and its subsidiaries (together ‘the Group’) is the exploration and development of precious and base metals. The Company’s shares are quoted on the AIM Market of the London Stock Exchange. The Company is incorporated in the British Virgin Islands and domiciled in the United Kingdom. The Company was incorporated on 10 February 2010 under the name Gold Mining Company Limited. On 10 October 2016 the Company changed its name from Noricum Gold Limited to Georgian Mining Corporation and subsequently on 10 February 2020 changed its name from Georgian Mining Corporation to Empire Metals Limited.

    The address of the Company’s registered office is Craigmuir Chambers, PO Box 71, Road Town, Tortola BVI.

    2. Basis of Preparation

    The condensed consolidated interim financial statements have been prepared in accordance with the requirements of the AIM Rules for Companies. As permitted, the Company has chosen not to adopt IAS 34 ‘Interim Financial Statements’ in preparing this interim financial information. The condensed interim financial statements should be read in conjunction with the annual financial statements for the year ended 31 December 2024, which have been prepared in accordance with International Financial Reporting Standards (IFRS) as adopted by the European Union.

    The interim financial information set out above does not constitute statutory accounts. They have been prepared on a going concern basis in accordance with the recognition and measurement criteria of International Financial Reporting Standards (IFRS) as adopted by the European Union. Statutory financial statements for the year ended 31 December 2024 were approved by the Board of Directors on 5 June 2025. The report of the auditors on those financial statements was unqualified.

    Going concern

    The Directors, having made appropriate enquiries, consider that adequate resources exist for the Group to continue in operational existence for the foreseeable future and that, therefore, it is appropriate to adopt the going concern basis in preparing the condensed interim financial statements for the period ended 30 June 2025.

    The factors that were extant in the 31 December 2024 Annual Report are still relevant to this report and as such reference should be made to the going concern note and disclosures in the 2024 Annual Report.

    Risks and uncertainties

    The Board continuously assesses and monitors the key risks of the business. The key risks that could affect the Group’s medium-term performance and the factors that mitigate those risks have not substantially changed from those set out in the Group’s 31 December 2024 Annual Report and Financial Statements, a copy of which is available on the Group’s website: https://www.empiremetals.co.uk. The key financial risks are liquidity risk, foreign exchange risk, credit risk, price risk and interest rate risk.

    Critical accounting estimates

    The preparation of condensed interim financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, income and expenses, and disclosure of contingent assets and liabilities at the end of the reporting period. Significant items subject to such estimates are set out in note 4 of the Group’s 31 December 2024 Annual Report and Financial Statements. Actual amounts may differ from these estimates. The nature and amounts of such estimates have not changed significantly during the interim period.

    3. Accounting Policies

    The same accounting policies, presentation and methods of computation have been followed in these condensed interim financial statements as were applied in the preparation of the Group’s annual financial statements for the year ended 31 December 2024.

    3.1 Changes in accounting policy and disclosures

    (a) New and amended standards mandatory for the first time for the financial periods beginning on or after 1 January 2025.

    The International Accounting Standards Board (IASB) issued various amendments and revisions to International Financial Reporting Standards and IFRIC interpretations. The amendments and revisions were applicable for the period ended 30 June 2025 but did not result in any material changes to the Financial Statements of the Group.

    b) New standards, amendments and interpretations in issue but not yet effective or not yet endorsed and not early adopted.

    There are a number of standards, amendments to standards, and interpretations which have been issued by the IASB that are effective in future accounting periods and which have not been adopted early.

    4. Administrative expenses

    5. Dividends

    No dividend has been declared or paid by the Company during the six months ended 30 June 2025 (2024: nil).

    6. Intangible Assets

    The Exploration & Evaluation additions in the current period primarily relates to work performed at the Company’s Pitfield project.

    The Directors do not consider the asset to be impaired.

    7. Held for Sale Asset


    The Company continue to work on a potential divestment of the Eclipse project and are actively engaged with a number of Australian companies operating in the gold mining sector to find a buyer. Management are committed to the sale of the Eclipse licence.

    8. Trade and Other Payables

    9. Share capital and share premium

    10. Earnings per share

    The calculation of the total basic loss per share of 0.260 pence (30 June 2024: 0.230 pence) is based on the loss attributable to equity owners of the parent company of £1,704,821 (30 June 2024: £1,389,318 ) and on the weighted average number of ordinary shares of 651,359,884 (30 June 2024: 595,703,671) in issue during the period.

    Details of share options that could potentially dilute earnings per share in future periods are disclosed in the notes to the Group’s Annual Report and Financial Statements for the year ended 31 December 2024.

    2,000,000 options were granted during the period. The total number of options outstanding at 30 June 2025 is 67,200,000.

    11. Commitments

    Commitments stated in the Group’s Annual Financial Statements for the year ended 31 December 2024 remain.

    12. Events after the balance sheet date

    There have been no events after the reporting date of a material nature.

    13. Approval of interim financial statements

    The condensed interim financial statements were approved by the Board of Directors on 3 September 2025.

    Market Abuse Regulation (MAR) Disclosure

    Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014, as incorporated into UK law by the European Union (Withdrawal) Act 2018, until the release of this announcement.

    This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

    Source

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