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The Department of Justice made a sweeping request to the Office of the Director of National Intelligence this week for more information about allegations of a 2016 conspiracy to tie President Donald Trump to Russia, marking the next step in the department’s grand jury inquiry into the matter.

A DOJ prosecutor asked the ODNI for a range of documents to supplement Director of National Intelligence Tulsi Gabbard’s recent request to the DOJ to investigate Obama administration officials over the alleged conspiracy. The Federalist first reported on the prosecutor’s request. A source familiar with the request confirmed the veracity of the report to Fox News Digital.

The prosecutor requested in a letter to the ODNI a dozen categories of items, including any nonpublic material Gabbard had pertaining to the tranche of declassified documents she made public in July. 

Gabbard also revealed Tuesday night on the Ingraham Angle that she had met that day with the DOJ prosecutors involved in the grand jury inquiry. Gabbard said they ‘have more questions, and they’re going to be really taking a deep dive into this again.’

‘They are committed to leaving no stone unturned as they conduct this grand jury investigation and find the truth,’ Gabbard said.

The revelation that a meeting had occurred and that a DOJ official leading the grand jury inquiry is seeking records from the ODNI signals that the probe is underway and in an information-gathering phase. 

Grand jury investigations are conducted in secret and can take days, weeks or longer to conclude. Prosecutors present the grand jury with evidence, and the panelists on the jury are tasked with deciding whether probable cause exists to charge someone with a crime. Obtaining an indictment against a person through a grand jury is generally much easier than the subsequent process of securing a conviction against them.

Fox News Digital first reported on the existence of a grand jury investigation related to Gabbard’s intelligence on Monday, but it remains unclear whom is being targeted in the investigation or what criminal charges could be on the table and still within the statutes of limitations.

Gabbard has alleged that newly declassified evidence shows that President Barack Obama and his national security officials, including John Brennan, James Comey and James Clapper, had forgone typical protocols to compile a faulty intelligence product after President Donald Trump won the election in 2016 that undermined his election win.

Gabbard alleged that the intelligence laid the ‘groundwork’ for the Trump-Russia narrative that loomed over much of the president’s first administration. Trump’s first presidency was dominated by two-year-long special counsel inquiries surrounding Russia’s involvement in the 2016 election, but neither special counsel identified a conspiracy among Obama officials like the one Gabbard has now alleged.

The DOJ official’s letter to ODNI this week also included a request for information about any intelligence community investigations into media leaks, signaling that those could also be part of the grand jury probe. Gabbard has claimed the media obtained information through the Obama administration that helped to falsely attribute Trump’s win to Russian interference in the election in the eyes of the public.

Obama recently rejected Gabbard’s allegations through a spokesperson in a rare statement.

‘Out of respect for the office of the presidency, our office does not normally dignify the constant nonsense and misinformation flowing out of this White House with a response,’ the statement said. ‘But these claims are outrageous enough to merit one. These bizarre allegations are ridiculous and a weak attempt at distraction.’


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NextSource Materials (TSX:NEXT,OTCQB:NSRCF) announced that it has signed a multi-year offtake agreement with Mitsubishi Chemical Corporation (MCC), furthering its bid to become a vertically integrated graphite supplier for the North American electric vehicle (EV) market.

Under the agreement, NextSource will supply approximately 9,000 metric tons per year of intermediate anode active material (AAM) to MCC’s plant in Japan.

MCC, Japan’s largest chemical company and a key supplier to major auto manufacturers, will refine the material into finished AAM for EV battery production in North America.

“We are excited to have entered into a partnership with Mitsubishi Chemical Corporation through a binding offtake agreement for the production of active anode material in the Middle East,” said Hanré Rossouw, President and CEO of NextSource.

The timing is also strategic. The company is fast-tracking development of a large-scale Battery Anode Facility (BAF) in the United Arab Emirates to process its proprietary SuperFlake graphite concentrate from the Molo mine in Madagascar.

The facility will serve as the production hub for the MCC agreement, with initial shipments expected following a rigorous qualification process in 2026. The company said that equipment installations are already underway and a full-scale ramp-up is targeted for 2027.

In addition to processing and logistics, NextSource is preparing for a Phase 2 expansion of the Molo mine to ensure sufficient graphite feedstock. The Madagascar-based project, which began Phase 1 operations this year, is one of the world’s highest-quality graphite deposits and the only one producing SuperFlake graphite, according to the company.

NextSource says its long-term goal is to offer a fully traceable, scalable, and China-independent source of battery-grade anode material.

The company is also in advanced talks with strategic financing partners to fund construction of the BAF and Molo expansion. Technical and economic studies are underway to determine capital requirements and investment timing.

The agreement also comes amid tightening restrictions on Chinese battery materials. In July, the US Department of Commerce imposed a 93.5 percent anti-dumping duty on anode-grade graphite imports from China, adding to existing countervailing tariffs for a combined effective rate of around 160 percent.

The decision, prompted in part by complaints from the American Active Anode Material Producers (AAAMP), was designed to shield domestic producers from what they describe as unfairly priced Chinese shipments.

The decision could reshape the graphite market, which has long been dominated by China, which is currently responsible for roughly 95 percent of global anode output. Imports from China made up two-thirds of the 180,000 metric tons of graphite shipped to the US in 2023.

Overall, there is also growing urgency among EV supply chain participants to pivot away from China.

While materials like lithium and cobalt have captured more headlines, graphite, which makes up over 95 percent of the anode side of an EV battery, is equally critical, accounting for as much as 50 kilograms per vehicle.

With the new tariffs in place, industry analysts expect a significant acceleration of non-Chinese supply chain development, particularly for US automakers under pressure to secure compliant sources.

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

This post appeared first on investingnews.com

Here’s a quick recap of the crypto landscape for Wednesday (August 6) as of 9:00 a.m. UTC.

Get the latest insights on Bitcoin, Ethereum and altcoins, along with a round-up of key cryptocurrency market news.

Bitcoin and Ethereum price update

Bitcoin (BTC) was priced at US$114,217, down by 0.8 percent over the last 24 hours. Its highest valuation on Wednesday was US$112,770, while its lowest valuation was US$114,830.

Bitcoin price performance, August 6, 2025.

Chart via TradingView

Bitcoin is showing signs of support between US$117,000 and US$118,000, with technical analysts suggesting a possible rebound toward resistance levels at US$120,250 and beyond, if bullish momentum builds.

However, sentiment remains cautious amid ongoing interest rate uncertainty, macroeconomic pressures and ETF outflows, all of which are weighing on near-term price action.

Ethereum (ETH) was priced at US$3,619.63, down by 1.4 percent over the past 24 hours. Its lowest valuation on Wednesday was US$3,557.78, and its highest was US$3,673.

Altcoin price update

  • Solana (SOL) was priced at US$164.44, down by 3.9 percent over 24 hours. Its lowest valuation on Wednesday was US$161.45, and its highest was US$170.84.
  • XRP was trading for US$2.95, down by 3.8 percent in the past 24 hours. Its lowest valuation of the day was US$2.91, and its highest valuation was US$3.06.
  • Sui (SUI) is trading at US$3.41, down 4.2 percent over the past 24 hours. Its lowest valuation of the day was US$3.34, and its highest was US$3.55.
  • Cardano (ADA) was trading at US$0.7274, down by 3.2 percent over 24 hours. Its lowest valuation on Wednesday was US$0.7117, and its highest was US$0.751.

Today’s crypto news to know

Bitcoin ETFs see four days of outflows as stagflation fears ramp up

Spot bitcoin ETFs in the US recorded net outflows for the fourth day in a row, shedding nearly US$200 million on Tuesday alone.

Fidelity’s FBTC and BlackRock’s IBIT were the biggest sources of withdrawals, contributing to a total outflow of US$1.46 billion since last Thursday.

The trigger appears to be rising concerns around stagflation, following weaker-than-expected US service sector data.

The ISM Non-Manufacturing PMI pointed to slowing growth, declining employment, and rising prices, which represents a toxic mix for risk assets like crypto and tech stocks.

Bitcoin slipped below US$113,000 before recovering slightly, while the Nasdaq also dropped 0.7 percent on the day.

Meanwhile, bets on Federal Reserve rate cuts are growing, but uncertainty remains high.

SBI Files Japan’s first Bitcoin–XRP ETF application

Japanese financial giant SBI Holdings has filed for an ETF that includes both Bitcoin and XRP, aiming to offer regulated dual-crypto exposure in Japan.

The proposed product, revealed in SBI’s Q2 earnings report, would allow investors to track the performance of both assets in a single fund, a rare pairing in the global ETF space.

A second ETF proposal, the Digital Gold Crypto ETF, blends over 50% exposure to traditional gold ETFs with crypto assets backed by gold. This hybrid structure targets more conservative investors looking for crypto upside with commodity stability.

If approved, this would mark the first time XRP is included in a regulated ETF product in Japan, as it continues to face institutional barriers in the US due to its regulatory history.

Liquid staking is not a securities offering — SEC clarifies

In a major development for the crypto industry, the SEC’s Division of Corporation Finance stated that certain types of liquid staking do not constitute the sale of securities, according to a statement.

Specifically, tokenized staking receipt products, such as staked ETH derivatives, are not considered investment contracts unless they’re bundled into schemes that meet the legal definition.

This clarification provides a green light for platforms offering protocol-level staking services without requiring registration. Liquid staking allows users to earn rewards while still being able to trade or use a representative token, maintaining asset flexibility.

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

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

This post appeared first on investingnews.com

Australia could benefit from redirected global capital flows in the wake of new US tariffs under President Donald Trump — but only if it maintains its commitment to open markets, according to the country’s Productivity Commission.

In its latest Trade and Assistance Review, the commission warns against retaliatory trade measures, noting such moves would come at a cost. Deputy Chair Alex Robson has cautioned that escalation could “spiral into a broader trade war” with serious consequences for Australia and the global economy.

“Increasing our direct barriers to trade and investment, even if in retaliation, would come at a cost,” the review reads.

The report also highlights that Australia is facing its highest level of economic uncertainty since the COVID-19 pandemic. However, it notes that some of the proposed trade measures from the US could have a modest, positive effect on Australian production if the country stays on its current path.

Tariff reforms

According to the Productivity Commission, Australia is leaning toward abolishing 457 tariffs in 2025.

Still, it strongly suggests that even nuisance tariffs must go, with a total of 300 identified by the commission.

“(We believe) generate little revenue and impose high costs on business … We estimate that, in 2023-2024, the tariff regime imposed compliance costs of between AU$1.3 billion and AU$4 billion, while collecting AU$2 billion in revenue.”

The commission also illustrated the effects of abolishing tariffs, saying that this move will lead to maximizing benefits to Australian production.

“For example, if the US imposed a 10 percent tariff on all imports and Australia retaliated alongside other countries by imposing a 10 percent tariff on imports from the US, Australian GDP would be 0.14 percentage points lower than if Australia chose not to retaliate.”

In a separate analysis by Austaxpolicy, this aspect of the report was also highlighted, underlining how cheaper imports from the rest of the world, an outflow of productive capital from the US and highly tariffed economies could slightly increase Australian production.

Industry assistance

The Australian Government’s Future Made in Australia (FMIA) Act commenced in 2024, and the mining and resource industry has seen a wave of grants and support since.

“(We) found that the costs of FMIA interventions can be minimised through using alternatives or complements to domestic production. Such policy options could be explicitly considered as part of the legislated sector assessments process.”

On February 12, Australia passed the Critical Minerals Production Tax Incentive, which will provide a refundable tax credit on 10 percent of eligible costs associated with the production of critical minerals and rare earths.

“The incentives are valued at AU$7 billion over the decade,” said Federal Resources Minister Madeleine King, calling the legislation a “historic moment” for the industry.

Last April 23, Western Australia announced another round of successful applicants for its Exploration Incentive Scheme (EIS).

Among the 49 drill funding recipients are Wildcat Resources’ (ASX:WC8,OTC Pink:WDCTF) Tabba Tabba project and Western Mines Group’s (ASX:WMG) Mulga Tank, which are targeting critical minerals such as lithium, nickel and copper.

Together, all 49 companies will receive a total of AU$7.8 million as drill funding to 49 projects, while AU$3.2 million will be spread across 25 geophysics ventures. The remaining AU$200,000 will be divided between three projects under the EAP.

Australia’s Commonwealth Scientific and Industrial Research Organisation (CSIRO) also opened its doors with a new graphite research and development (R&D) program to assist small-to-medium-sized enterprises.

The initiative will allow eligible enterprises to receive up to AU$50,000 per project and collaborate with CSIRO scientists, and access quality facilities.

Expressions of interest are open until March 30, 2026.

All these and more funding efforts, according to the Productivity Commission, fall under the “behind the border” assistance, which it expects to grow further under the FMIA initiative.

“As these traditional forms of ‘at-the-border’ trade protections have receded, the relative importance of ‘behind-the-border’ industry assistance such as budgetary assistance and concessional finance has grown,” the commission explains.

Mining and numbers

According to the report, mining is among the “favoured” industries, with research and development measures as the main type of budgetary assistance.

Majority, as in 87.4 percent, of mining assistance is delivered through R&D, which is undeniable given the number of grants and government funding programs for the sector.

The commission did note that mining, alongside services, received a lower share of assistance than their share of the economy, despite receiving the greatest share of budgetary assistance in absolute terms.

For the period of 2023 to 2024, the commission found that mining remains the top destination sector for foreign direct investment (FDI) inbound to Australia, equivalent to 15 percent of gross domestic product (GDP).

However, this amount falls short of the sector’s five-year average, which is 17 percent.

It was also noted that the United States remains the largest source of FDI inbound to Australia. Following its lead are the United Kingdom, Japan, Canada and China, with their FDI equivalent to 24.8 percent of GDP.

Recent news

August opened in Australia with news that it is not listed as a country hit with a higher ‘reciprocal’ tariff under Trump’s executive order.

Trump’s tariffs on the country will remain, still on the price of 10 percent.

Minister for Trade and Tourism Don Farrell was quoted by News.com.au saying that US Commerce Secretary Howard Lutnick has been invited to Australia for continued discussions, underlining that Australia will continue to advocate for a tariff exemption.

“We believe in free and fair trade, and we will continue to put the argument to the US that they should remove all tariffs on Australian products in accordance with our free trade agreement, and we will continue to prosecute that argument.”

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

This post appeared first on investingnews.com

Vice President JD Vance is hosting senior Trump administration officials at his residence in Washington, D.C. for dinner on Wednesday evening to discuss, among other things, how the administration should handle the ongoing Jeffrey Epstein fallout and move forward, Fox News has learned.

Vance invited U.S. Attorney General Pam Bondi, FBI Director Kash Patel, and Deputy Attorney General Todd Blanche to dinner at the sprawling, 12-acre vice-presidential residence in Northwest Washington. White House chief of staff Susie Wiles is also expected to be in attendance, according to sources familiar. 

News of the dinner was first reported by CNN. It comes after weeks of unsuccessful attempts by senior Trump officials to quell mounting public pressure to release more information related to the Epstein investigation — underscoring the sticking power of the Epstein scandal, including among Trump supporters, who have been some of the leading voices demanding the release of additional information.

A spokesperson for Vance disputed the CNN report in question, which he described to Fox News as ‘pure fiction.’ 

‘There was never a supposed meeting scheduled at the vice president’s residence to discuss Epstein strategy,’ William Martin, Vance’s communications director, said in a statement. 

Two well-placed sources in the administration subsequently confirmed to Fox News that the dinner at the vice president’s residence is taking place. They said that the dinner — while not focused entirely on the Epstein fallout — will be one of the topics they plan to discuss.

The Justice Department and the White House have also struggled to coordinate their messaging on the ongoing fallout from the Epstein scandal, following the release of an unsigned July 7 memo that said they did not plan to release additional information about the investigation.

Most recently, the White House and DOJ have been at odds over whether to release an audio file and transcript from Deputy Attorney General Todd Blanche’s interview with Epstein associate Ghislaine Maxwell late last month, senior administration officials confirmed.

It is unclear how long the audio footage and transcripts from the interviews between Blanche’s interview with Maxwell are, but they do exist, Fox News Digital reported yesterday, and discussions remain underway today involving whether — and when — to release the transcript.

Fox News Digital reported yesterday that DOJ officials have both the audio and transcript from Blanche’s interview with Maxwell, which took place over two days at the U.S. Attorney’s office near the Federal Correctional Institution in Tallahassee, Florida, where Maxwell had been serving out a 20-year prison sentence for sex trafficking.

Maxwell was transferred last week without explanation to a new, minimum-security women’s federal prison camp in Texas.

Anything released by the Trump administration would almost certainly involve heavily redacting any identifying information of individuals named in the transcript in order to protect victims — something Bondi has stressed in public on multiple occasions.

News of Vance’s dinner prompted fresh concerns from family members of one Epstein victim, Virginia Roberts Giuffre, who committed suicide earlier this year. 

‘We understand that Vice President JD Vance will hold a strategy session this evening at his residence with administration officials,’ Giuffre’s sibling said in a statement Wednesday shared with Fox News Digital. ‘Missing from this group is, of course, any survivor of the vicious crimes of convicted perjurer and sex trafficker Ghislaine Maxwell and Jeffrey Epstein. Their voices must be heard, above all,’ they said.

‘We reiterate that Ghislaine Maxwell should have remained in a maximum security prison and does not deserve the luxuries currently afforded her.’

Pressure to release information has been unrelenting in the weeks since July 7, when the Justice Department said in an unsigned memo that it did not plan to release more information about the investigation. The Justice Department and FBI also said that investigators had not found a so-called ‘client list’ from Epstein, as had been suggested widely online, and by some Trump officials earlier this year.

Asked on Fox News in February about news that the DOJ would release ‘the list of Jeffrey Epstein’s clients,’ and when that would happen, Bondi replied, ‘It’s sitting on my desk right now to review.’ 

White House press secretary Karoline Leavitt later said Bondi had been referring more broadly to all the files related to Epstein, and not a single list.


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Now that the Senate has fled Washington until after Labor Day, Republicans finally have a chance to sell President Donald Trump’s ‘big, beautiful bill’ to their constituents, but some fear that Democrats already have an advantage in the messaging war.

Sen. Ron Johnson, R-Wis., said that Republicans could ‘absolutely’ do better in selling the colossal bill to combat Democrats’ ‘lies.’  

‘Well, we should have been prepared right off the bat and talked about, ‘No, we’re not talking about reforming Medicaid designed for [women, children and the elderly]. We’re looking at how we can save and preserve it and repair the damage done by the Obamacare addition to it,” he told Fox News Digital. ‘We should have been talking about that, but we didn’t.’

Since Trump signed the bill into law, and throughout the entire process to get it to his desk, Democrats have largely been unified in their attacks against the bill, rebranding it as Republicans’ ‘big, ugly betrayal,’ and targeting cuts to Medicaid, food assistance and a litany of other policies.

‘It’s a very unpopular bill, so if I were them, I would probably go out and start trying to spin,’ Sen. Chris Murphy, D-Conn., told Fox News Digital.

Messaging against the bill has become routine in Senate Minority Leader Chuck Schumer’s floor speeches, where he often targets the cuts to Medicaid touted by the GOP as reforms to a broken system.

‘The more Americans learn about the Republicans’ bill, the more they are realizing that Donald Trump and Republicans sold them a raw deal,’ the New York Democrat said in a floor speech last week. ‘The Republicans’ ‘big, ugly betrayal’ is one of the most devastating bills for Americans’ healthcare that we’ve ever seen.’

Polling of the bill’s favorability among Americans is also working against Republicans. A Fox News poll conducted in June after the House GOP passed the legislation found that 59% of respondents opposed the bill.

Sen. Roger Marshall, R-Kan., charged that ‘90% of the media is lying’ about the bill, and countered that Republicans were actually increasing Medicaid spending faster than the rate of inflation ‘to the tune of $200 billion a year when it’s all said.’

‘This is not the first message like this that we’ve struggled to get the truth through,’ he told Fox News Digital.

‘Republicans need to lean into it,’ he continued. ‘We worked really hard, and we’re going to save and preserve Medicaid for those who need it the most. And we need to be sharing that.’

Sen. Josh Hawley, R-Mo., contended that Republicans shouldn’t be shy about the work they put into the bill.

Hawley, shortly after the bill passed early last month, held an event in his home state pushing the bill. He, alongside former Rep. Cori Bush, D-Mo., lauded the bill’s inclusion of his Radiation Exposure Compensation Act, which renewed and expanded compensation funding for people exposed to nuclear waste.

When asked if Republicans had gotten off to a slow start on selling the bill, he said that too much time had been devoted to talking ‘about Medicaid, for my own taste.’

‘It’s less of that,’ he said. ‘Talk about the tax cuts in this bill for working people, you know. I mean, that’s what people want. I mean, I was asked when I went home. I was asked immediately by people, ‘When are those no taxes on tips? When does that start?’ So, I mean, people are tracking it, but they’re tracking what’s for them.’

And Sen. Tommy Tubberville, R-Ala., charged that Democrats had ‘zero credibility’ when it came to bashing the GOP for cuts and reforms.

‘We got a lot of time,’ he told Fox News Digital. ‘There will be a lot of water underneath the bridge. You won’t hear about the ‘big, beautiful bill’ here in another year because there’s going to be a couple more big, beautiful bills.’


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Virginia Democratic gubernatorial candidate Abigail Spanberger took $50,000 from a Chinese businessman tied to the Chinese Communist Party (CCP), according to campaign finance records. 

The donations came in two $25,000 installments in April and May from Pin Ni, president of Wanxiang America, the U.S. arm of Chinese automotive conglomerate Wanxiang Group.

The revelation comes as Spanberger, a former U.S. representative from Virginia, champions electric vehicle tax credits and mandates — policies that could directly benefit Wanxiang’s EV operations.

‘Virginians know that Abigail Spanberger has a demonstrated record of standing up for America’s national security, delivering results for Virginia families across party lines, and never backing down from keeping the American people safe,’ a spokesperson for Spanberger wrote in a statement to Fox News Digital. 

‘Her campaign will remain focused on what Virginians care about most, keeping our communities safe, driving down costs, protecting Virginia jobs, and making sure Virginia’s public schools are the very best in America,’ the spokesperson added.

While accepting the $50,000 in campaign contributions from Pin, Spanberger has continued to spotlight her national security credentials on the campaign trail.

‘At the CIA, she had one mission: protect and serve the United States of America,’ her campaign website states. ‘She worked undercover to identify threats to national security, prevent terrorist attacks, stop the spread of nuclear weapons, and track transnational criminal networks.’

Lawmakers from both parties have long raised concerns that the Chinese government exploits educational exchanges, research partnerships, and business investments in the U.S. as cover for espionage activities. These warnings have intensified in recent years amid growing scrutiny of Beijing’s influence operations on U.S. soil.

A spokesperson for the Winsome Earle-Sears campaign told Fox News that Spanberger was ‘once again cozying up to international interests.’

‘Taking $50,000 from someone with clear Chinese Communist Party ties tells us all we need to know,’ said the spokesperson. ‘You can’t claim to stand up to foreign threats while pocketing money from someone celebrated by the CCP.’

According to campaign finance records from the Federal Election Commission, Pin Ni has a long history of political donations to both Democratic and Republican candidates across the country. His contributions span multiple election cycles and include candidates at both the state and federal levels. In October 2024, Pin donated to the Republican National Committee and to New Jersey Democrat Senator Cory Booker’s ‘Purpose Pac.’


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In the latest show of federal support for domestic uranium production, Uranium Energy (NYSEAMERICAN:UEC) Sweetwater uranium complex in Wyoming has been designated for expedited permitting under the Trump administration’s FAST-41 initiative.

The designation, announced August 5, places Sweetwater on the Federal Permitting Improvement Steering Council’s FAST-41 dashboard, a move that aims to accelerate environmental reviews and interagency approvals under a framework established by the 2015 Fixing America’s Surface Transportation (FAST) Act.

The initiative is part of the Trump administration’s strategy to revitalize the US nuclear fuel supply chain and reduce reliance on imports from geopolitical rivals.

“Sweetwater’s selection under FAST-41 reinforces its national importance as a key project to achieve the United States’ goals of establishing reliable infrastructure, supporting nuclear fuel independence,” said UEC President and CEO Amir Adnani in a statement.

“On completing this tack-on permitting initiative, Sweetwater will be the largest dual-feed uranium facility in the United States, licensed to process both conventional ore and ISR resin.”

Located in Wyoming’s Great Divide Basin, the Sweetwater complex is anchored by a fully licensed conventional uranium mill with a capacity of 3,000 metric tons per day and a licensed annual output of 4.1 million pounds.

The site previously included several permitted mines—Sweetwater (Red Desert), Big Eagle, and Jackpot (Green Mountain)—that were approved for conventional methods but will now be evaluated for In-Situ Recovery (ISR) mining, a lower-impact extraction technique.

The new permitting push will allow UEC to modify existing approvals to incorporate ISR capabilities both within and beyond the current mine boundary, including on adjacent federal lands managed by the Bureau of Land Management (BLM).

The BLM, under the Department of the Interior, is the lead permitting agency for the initiative.

“This will provide the Company unrivaled flexibility to scale production across the Great Divide Basin, leveraging UEC’s leading domestic resource base,” Adnani added.

Sweetwater is the second uranium project to receive fast-track treatment under the new policy, following Anfield Energy TSXV:AEC,OTCQB:ANLDF) Velvet-Wood project in Utah, which was granted the status in May.

Velvet-Wood was the first uranium asset to be placed on the FAST-41 dashboard. It is expected to supply uranium for both civilian nuclear energy and defense applications, as well as vanadium, a strategic metal used in batteries and alloys.

Anfield’s Velvet-Wood received accelerated environmental review under a January 20 declaration by President Trump, which cited a national energy emergency and called for urgent steps to restore American energy independence. According to Anfield, the review timeline was cut from what could have taken years to just 14 days.

Taken together, the two fast-tracked uranium projects are a display of a wider federal pivot toward rebuilding a domestic nuclear supply chain, which has withered in recent decades amid low prices and competition from Russia, China, and other state-backed producers.

“I am excited to welcome the Sweetwater Complex to the FAST-41 transparency dashboard in support of President Trump’s goal of unlocking America’s mineral resources,” said Emily Domenech, Executive Director of the Federal Permitting Improvement Steering Council.

The White House confirmed in April that 10 mining projects had been selected so far under the initiative, covering minerals such as copper, gold, lithium, phosphate, potash, and uranium.

With Sweetwater, UEC will operate three hub-and-spoke uranium platforms in the United States: one in South Texas, another in Wyoming’s Powder River Basin, and the Sweetwater Complex in the Great Divide Basin.

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

This post appeared first on investingnews.com

The Russian and Chinese militaries practiced destroying an ‘enemy’ submarine during joint naval drills Wednesday, just days after President Donald Trump moved a pair of nuclear submarines toward Russia, a report said. 

The drills involved Il-38 planes from Russia’s Pacific Fleet and Chinese Y-8 anti-submarine aircraft, according to Reuters, and came after Trump announced last Friday that he ‘ordered two Nuclear Submarines to be positioned in the appropriate regions’ following ‘highly provocative statements’ made by former Russian President Dmitry Medvedev. 

‘As a result of effective joint actions, the ‘enemy’ submarine was promptly detected and mock-destroyed,’ Russia’s defense ministry said Wednesday following the naval exercises in the Sea of Japan, Reuters reported. ‘After practicing anti-submarine tasks, the crews of the Russian and Chinese ships thanked each other for their fruitful work.’ 

The White House and State Department did not immediately respond Wednesday to a request for comment from Fox News Digital. 

White House envoy Steve Witkoff is preparing for a trip to Russia on Wednesday, two days ahead of Trump’s Aug. 8 deadline for Moscow to enter into a ceasefire with Ukraine or face stiff sanctions. 

On Sunday, Trump told reporters that nuclear submarines he ordered to counter Russia are now ‘in the region.’ 

Medvedev said earlier last week that Trump’s new deadline for Russia to end the conflict with Ukraine is an additional ‘step towards war.’ 

‘Based on the highly provocative statements of the Former President of Russia, Dmitry Medvedev, who is now the Deputy Chairman of the Security Council of the Russian Federation, I have ordered two Nuclear Submarines to be positioned in the appropriate regions, just in case these foolish and inflammatory statements are more than just that,’ Trump then said in a post on Truth Social on Friday. 

‘Words are very important, and can often lead to unintended consequences, I hope this will not be one of those instances,’ he added. 

Fox News’ Diana Stancey, Danielle Wallace and Caitlin McFall contributed to this report. 


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Vice President JD Vance is hosting senior Trump administration officials at his residence in Washington, D.C. on Wednesday evening for a strategy dinner to discuss how the administration should handle the ongoing Jeffrey Epstein fallout and move forward, Fox News has learned.

Vance has invited U.S. Attorney General Pam Bondi, FBI Director Kash Patel, and Deputy Attorney General Todd Blanche to dinner at the sprawling, 12-acre vice-presidential residence in Northwest Washington. White House chief of staff Susie Wiles is also expected to be in attendance, according to sources familiar. 

News of the dinner was first reported by CNN. It comes after weeks of unsuccessful attempts by senior Trump officials to quell mounting public pressure to release more information related to the Epstein investigation — underscoring the sticking power of the Epstein scandal despite a fast-moving news cycle. Trump supporters have been among the leading voices demanding the release of additional information.

The Justice Department and the White House have also struggled to coordinate their messaging on the ongoing fallout from the Epstein scandal, following the release of an unsigned July 7 memo that said they did not plan to release additional information about the investigation.

Most recently, the White House and DOJ have been at odds over whether to release an audio file and transcript from Deputy Attorney General Todd Blanche’s interview with Epstein associate Ghislaine Maxwell late last month, senior administration officials confirmed.

It is unclear how long the audio footage and transcripts from the interviews between Blanche’s interview with Maxwell are, but they do exist, Fox News Digital reported yesterday, and discussions remain underway today involving whether — and when — to release the transcript.

Fox News Digital reported yesterday that DOJ officials have both the audio and transcript from Blanche’s interview with Maxwell, which took place over two days at the U.S. Attorney’s office near the Federal Correctional Institution in Tallahassee, Florida, where Maxwell had been serving out a 20-year prison sentence for sex trafficking.

Maxwell was transferred last week without explanation to a new, minimum-security women’s federal prison camp in Texas.

Anything released by the Trump administration would almost certainly involve heavily redacting any identifying information of individuals named in the transcript in order to protect victims — something Bondi has stressed in public on multiple occasions.

News of Vance’s dinner prompted fresh concerns from family members of one Epstein victim, Virginia Roberts Giuffre, who committed suicide earlier this year. 

‘We understand that Vice President JD Vance will hold a strategy session this evening at his residence with administration officials,’ Giuffre’s sibling said in a statement Wednesday shared with Fox News Digital. ‘Missing from this group is, of course, any survivor of the vicious crimes of convicted perjurer and sex trafficker Ghislaine Maxwell and Jeffrey Epstein. Their voices must be heard, above all,’ they said.

‘We reiterate that Ghislaine Maxwell should have remained in a maximum security prison and does not deserve the luxuries currently afforded her.’

Pressure to release information has been unrelenting in the weeks since July 7, when the Justice Department said in an unsigned memo that it did not plan to release more information about the investigation. The Justice Department and FBI also said that investigators had not found a so-called ‘client list’ from Epstein, as had been suggested widely online, and by some Trump officials earlier this year.

Asked on Fox News in February about news that the DOJ would release ‘the list of Jeffrey Epstein’s clients,’ and when that would happen, Bondi replied, ‘It’s sitting on my desk right now to review.’ 

White House press secretary Karoline Leavitt later said Bondi had been referring more broadly to all the files related to Epstein, and not a single list.


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