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The top three House Republican leaders are all running for their roles in the new Congress, a show of confidence that the GOP will prevail in winning full control of the federal government.

Speaker Mike Johnson, R-La., and House Majority Leader Steve Scalise, R-La., sent letters to fellow House GOP lawmakers on Wednesday night asking for support to remain in those positions.

House Majority Whip Tom Emmer, R-Minn., made a similar entreaty on Thursday morning.

The current House leadership lineup is not expected to face significant challenges if Republicans prove successful in keeping the chamber.

Each promised to work in support of conservative policies alongside President-elect Trump in separate letters obtained by Fox News Digital.

‘We can secure our borders, prioritize the needs of Americans above foreigners, promote investment and opportunity through the tax code, return to American energy dominance, dramatically reduce regulations, expand school choice, end the woke agenda, and restore fiscal sanity to Washington – among other pressing items,’ Johnson wrote in his letter.

‘I’m ready to take the field with all of you, and I am humbly asking for your support to continue leading this Conference as your Speaker.’

Scalise’s letter was a four-page memo detailing how congressional Republicans would pass significant conservative reforms using a legislative process called ‘reconciliation.’

Reconciliation is a way to fast-track legislation on issues like taxes, the debt limit, and federal spending by bypassing the Senate’s 60-vote threshold for passage, instead lowering it to a simple 51-vote majority.

But Scalise signaled Republicans would test those boundaries next year.

‘Though there are Senate rules limiting what we can fit in budget reconciliation, I want us to be bold and creative so we can include as many reforms in this package as possible,’ he said.

‘Democrats expanded what is traditionally allowed in reconciliation, and we intend to do the same. Now is the time to go big to advance conservative policies that will make our country prosperous and secure again.’

Emmer in his letter emphasized his role as whip in convincing Republicans to come together on legislation, even conceding that it was a difficult mission at times during the exceptionally disorderly 118th Congress.

‘We will always have disagreements over policy and strategy. That’s a good thing. Governing is messy and imperfect. But I have always believed that there is more that unites us than divides us,’ he wrote. ‘I’ve witnessed this as your Whip, bringing together members from across our conference to hash out these disagreements and find a path to 218 votes.’

‘I will always be direct, honest, and transparent. I will never make false promises or try to buy your votes.’

Meanwhile, Rep. Kevin Hern, R-Okla., who is term-limited as chair of the Republican Study Committee, the House GOP’s de facto conservative think tank, has announced a bid for House Republican Policy Committee chair.

The role, currently held by Rep. Gary Palmer, R-Ala., is the No. 5 position in the House GOP leadership lineup.

In his appeal to Republicans, Hern emphasized his good relationship with Vice President-elect JD Vance from his brief time in the U.S. Senate.

The No. 4 House Republican leader, House GOP Conference Chair Elise Stefanik, R-N.Y., is expected to run for her current position again, though Fox News Digital is also told that she is angling for a Trump administration role as ambassador to the United Nations. Her spokesperson did not immediately return a request for comment.

House Republicans are slated to hold their leadership elections on Wednesday next week, their first full day back in Washington since September.

The balance of power in the House has not yet been decided – something House Minority Leader Hakeem Jeffries, D-N.Y., has pointed out in multiple public statements – but the speedy consolidation of power is a sign Republicans are feeling good about their chances.

The Fox News Decision Desk put odds slightly in favor of the GOP in a Wednesday afternoon update. 


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One of the first-term Republican lawmakers key to the House GOP winning the majority in the last election is projected to lose his seat.

Rep. Anthony D’Esposito, R-N.Y., a retired NYPD officer, was defeated by former local official Laura Gillen in New York’s 4th Congressional District on suburban Long Island, in the shadow of New York City, The Associated Press said Thursday.

Two days after Election Day, the balance of power in the House is still undetermined, with key races yet to be called in Pennsylvania, Arizona, Nevada and other states. Democrats and Republicans have now each flipped four seats.

The election was a rematch of the November 2022 race, when D’Esposito beat Gillen and flipped the seat from blue to red.

Gillen is a former Hempstead town supervisor and previously worked as an attorney representing victims of domestic violence, according to her campaign website.

She was backed by the House Democrats’ campaign arm, the Democratic Congressional Campaign Committee, through their ‘Red to Blue’ program – an initiative pouring resources and funding into seats where Democrats saw an opportunity to grow their numbers in the House of Representatives.

Gillen was endorsed by sitting New York Democratic Reps. Dan Goldman, Grace Meng and Tom Suozzi, among others.

D’Esposito’s election in 2022 came amid a wave of voter backlash against New York City’s progressive crime policies, when Republicans swept key districts in the suburbs of New York and New Jersey.

He later helped lead the push to expel former Rep. George Santos, R-N.Y., after his criminal indictment related to fraud and other charges.

However, his campaign was rocked in recent weeks by allegations in a New York Times report that D’Esposito possibly violated ethics rules by previously having his affair partner and his fiancée’s daughter on his payroll.

D’Esposito denied all the allegations when asked by reporters on Capitol Hill in late September.

‘There was nothing done that was unethical,’ he said at the time.

When asked if he would stay in his race, D’Esposito said, ‘Absolutely. And win.’

Fox News’ Tyler Olson contributed to this report.


This post appeared first on FOX NEWS

Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) (‘Energy Fuels’ or the ‘Company’), an industry leader in uranium and rare earth elements (‘REE‘) production, today reported its financial results for the quarter ended September 30, 2024. The Company previously announced details for its upcoming November 1, 2024, earnings call, which are also included in this news release.

‘Uranium drives our current financial outlook, while rare earth elements and heavy mineral sand products are significantly adding to our long-term value and growth strategy,’ said Mark Chalmers, Energy Fuels’ President and Chief Executive Officer. ‘This quarter, we maintained our clean balance sheet while adding a new long-term U.S. utility customer, completing another spot sale of U3O8, and commencing processing of the large inventory stockpile of uranium feedstock at the White Mesa Mill, which is expected to continue well into 2025 and beyond. Uranium production is, and will remain, the core of the Energy Fuels’ business, as we leverage our unique permits, facilities and expertise to process uranium-bearing materials to produce a variety of critical materials that advance the global energy transition through an American-based supply chain. We have long been a leading U.S. uranium producer, and we have now proven our ability to produce important rare earth materials at commercial scale with the completion and successful commissioning of our REE separation circuit this quarter. We are also aggressively moving forward with our plans to secure rare earth feedstocks globally and expand our processing capacity domestically in order to capture market share and achieve profitability. Our acquisition of Base Resources Limited and its world-class Toliara heavy mineral sands/monazite project in Madagascar on October 2, 2024 is an exciting step in achieving these objectives.

‘We invite all stakeholders to join us in our upcoming November 1, 2024, earnings call, details of which are below, to learn more about these exciting achievements.’

Q3-2024 Highlights

Unless noted otherwise, all dollar amounts are in U.S. dollars.

  • Over $10 Million of Additional Liquidity from Market Value of Inventory: At October 28, 2024 commodity prices, the Company’s product inventory has a market value of approximately $23.79 million, while the balance sheet reflects product inventory carried at cost of $13.38 million.
  • Incurred Net Loss of $12 Million: During the three months ended September 30, 2024, the Company incurred a net loss of $12.08 million, or $0.07 per common share, primarily due to transaction and integrations costs related to the Donald Project joint venture (described below), the acquisition of Base Resources (described below) and recurring operating expenses, partially offset by sales of natural uranium concentrates (‘U3O8‘).
  • Uranium Continues to Drive Revenue: The Company sold 50,000 pounds of U3O8 on the spot market at a realized sales price of $80.00 per pound of U3O8 for total proceeds of $4.00 million, which resulted in a gross profit of $2.15 million and a gross margin of 54%.
  • New Long-Term Uranium Sales Contract with U.S. Utility: The Company added a fourth long-term uranium sales contract to its existing portfolio. Under the contract, the Company expects to deliver a total of 270,000 to 330,000 pounds of uranium between 2026 and 2027, and potentially an additional 180,000 to 220,000 pounds until 2029, under a ‘hybrid’ pricing formula, subject to floor and ceiling prices, that maintains exposure to further uranium market upside and protection from inflation.
  • ‘Phase 1’ REE Separation Circuit Successfully Commissioned: Final commissioning of the Phase 1 REE separation circuit at the Company’s White Mesa Mill (the ‘Mill‘) was successfully completed during the quarter resulting in the production of approximately 38 tonnes of ‘on-spec’ separated NdPr.
  • Samples of NdPr Actively Being Qualified by Potential Customers: NdPr produced at the Mill is currently being qualified with permanent magnet manufacturers and other potential customers to set the stage for potential offtake in the future.
  • Well-Stocked to Capture Market Opportunities: As of September 30, 2024, the Company held 235,000 pounds of finished U3O8 and 805,000 pounds of U3O8 in ore and raw materials and work-in-progress inventory for a total of 1,040,000 pounds of U3O8 in inventory. This inventory increased from last quarter due to Pinyon Plain, La Sal and Pandora mine ore production and additional alternate feed materials received, partially offset by our spot sale during Q3-2024. The Company expects these uranium inventories to continue increasing as we continue to mine additional ore. The Company also held 905,000 pounds of finished vanadium (‘V2O5‘), 38 tonnes of finished separated neodymium praseodymium (‘NdPr‘) and 9 tonnes of finished high purity, partially separated mixed rare earth carbonate (‘RE Carbonate‘) in inventory.

Capitalizing on Strong Uranium Pricing:

  • Due to uranium market tailwinds and upcoming commitments in long-term contracts with U.S. nuclear utilities, the Company is currently mining and stockpiling uranium ore from its Pinyon Plain, La Sal and Pandora mines and plans to ramp up to a production run-rate of approximately 1.1 to 1.4 million pounds of U3O8 per year by late-2024.
  • The Company expects to produce a total of 150,000 to 200,000 pounds of finished U3O8 during 2024 from stockpiled alternate feed materials and newly mined ore, which is at the lower end of our previous guidance of 150,000 to 500,000 pounds of finished U3O8 during 2024, due to delays in transporting ore from the Pinyon Plain mine to the White Mesa Mill, which is expected to be resolved in Q4-2024. Mining continues at the Pinyon Plain mine, with mined ore being stockpiled at the mine site, containing approximately 180,000 pounds of U3O8 at September 30, 2024, which is expected to be processed at the Mill later in 2024 or in early 2025.
  • During Q3-2024, the Company received positive results from drill holes during ongoing preparations at its Nichols Ranchin situ recovery (‘ISR‘) Project in Wyoming. Both the Nichols Ranch Project and Whirlwind Mine in Colorado are being prepared for production and are within one year of a ‘go’ decision, as market conditions warrant. Production from these mines, when combined with alternate feed materials, uranium from monazite, and 3rd party uranium ore purchases, would be expected to increase the Company’s production run-rate to roughly two million pounds per year by as early as 2026.
  • The Company continued advancing permitting and other pre-development activities on its large-scale Roca Honda, and Bullfrog uranium projects in Q3-2024, which together with its Sheep Mountain Project, have the potential to expand the Company’s uranium production to a run-rate of up to five million pounds of U3O8 per year in the coming years.
  • As of October 28, 2024, the spot price of U3O8 was $81.00 per pound and the long-term price of U3O8 was $82.00 per pound, according to data from TradeTech.

Rare Earth Element Production Milestones:

  • The Company produced about 38 tonnes of separated NdPr from its newly commissioned Phase 1 REE separation circuit at the Mill in Q2- and Q3-2024.
  • Samples of the Company’s NdPr product have been sent to permanent magnet and other companies around the world for product qualification, and initial testing responses have been positive.

Heavy Mineral Sands:

  • On October 2, 2024, the Company announced it completed its previously announced acquisition of all the issued and outstanding shares of Base Resources Ltd. (‘Base Resources‘), which is expected to transform the Company into a global leader in critical minerals production, including HMS (titanium and zirconium), REEs and uranium. The acquisition of Base includes the advanced, world-class Toliara HMS project in Madagascar. In addition to its stand-alone, ilmenite, rutile (titanium) and zircon (zirconium) production capability, the Toliara Project also contains a long-life, high-value and low-cost monazite (REEs) stream, produced as a byproduct of primary titanium and zirconium production. Toliara’s monazite is expected to be processed at the Mill into separated REE products, along with uranium, at globally competitive capital and operating costs. The Toliara Project is subject to negotiation of fiscal terms with the Madagascar government and the receipt of certain Madagascar government approvals and actions before a current suspension on activities at the Toliara Project will be lifted and development may occur. The transaction also includes Base’s management, mine development and operations teams, who have a successful track-record of designing, constructing, and profitably operating a world-class HMS operation in Kenya.
  • The Company continued to advance the Donald Project (the ‘Donald Project‘), a large monazite-rich HMS project in Australia, pursuant to its joint venture with Astron Corporation limited, announced in Q2-2024. The Company expects that a final investment decision (‘FID‘) will be made on the Donald Project as early as 2025.
  • During Q3-2024, the Company also continued to advance its wholly owned Bahia HMS project in Brazil (the ‘Bahia Project‘) with its Phase 2 drilling campaign, which is expected to continue through the rest of the year. Additionally, the Company completed bulk test work on a 2.5 tonne sample in March 2024, and recently shipped a larger 15 tonne sample to the U.S. for additional process test work. The Company expects to complete a U.S. Subpart 1300 of Regulation S-K (‘S-K 1300‘) and Canadian National Instrument 43-101 (‘NI 43-101‘) compliant mineral resource estimate on the Bahia Project during 2024.

Vanadium Highlights:

  • The Company chose not to execute any vanadium sales during Q3-2024 and holds about 905,000 pounds of V2O5 in inventory.
  • As of October 28, 2024, the spot price of V2O5 was $5.25 per pound, according to data from Fastmarkets.

Medical Isotope Highlights:

  • On August 19, 2024, the Company announced it acquired RadTran LLC (‘RadTran‘), a private company specializing in the separation of critical radioisotopes, to further the Company’s plans for development and production of medical isotopes used in cancer treatments. RadTran’s expertise includes separation of radium-226 (‘Ra-226‘) and radium-228 (‘Ra-228‘) from uranium and thorium process streams. This acquisition is expected to significantly enhance Energy Fuels’ planned capabilities to address the global shortage of these essential isotopes used in emerging targeted alpha therapies (‘TAT‘) for cancer treatment.
  • The Company continues to utilize its research and development (‘R&D‘) license for the recovery of R&D quantities of Ra-226 at the Mill. Activities to set up the pilot facility at the Mill continued in Q3-2024 and are expected to progress through the end of the year, with the goal of producing R&D quantities of Ra-226 for testing by end-users of the product in late 2024 or early 2025.

Mr. Chalmers continued:

‘During the quarter, we achieved numerous additional milestones to bring the Energy Fuels’ vision to fruition for our innovative, low-cost, U.S.-centered critical mineral supply chain. As previously announced, shortly after the close of the quarter, we successfully completed our acquisition of Base Resources. This is a major piece of our strategic puzzle, bringing to the Company the Base Resources management and operations team and the world-class Toliara Project in Madagascar, which is considered by industry experts to be one of the best HMS projects in the world. With the Toliara Project, our joint venture on the Donald Project in Australia, and our 100% ownership of the Bahia Project, we have secured a leading position in the titanium and zirconium mineral industry, in addition to a low-cost source of REE feedstock that will be processed in the United States.

‘These developments have the potential to transform Energy Fuels into a world leader in titanium, zirconium, and rare earth elements production, while maintaining our position as a U.S. leader in uranium and vanadium production. All these materials are critical to the global energy transition and to our vision of creating a leading diversified critical minerals company.’

Conference Call and Webcast at 10:00 AM MT (12:00 pm ET) on November 1, 2024:

Conference call access with the ability to ask questions:

To instantly join the conference call by phone, please use the following link to easily register your name and phone number. After registering, you will receive a call immediately and be placed into the conference call

    or

    Alternatively, you may dial in to the conference call where you will be connected to the call by an Operator.

    • North American Toll Free: 1-800-510-2154

    To view the webcast online:

    Audience URL: https://app.webinar.net/5kM3dkJ6D4A

    Conference Replay

    • Conference Replay Toronto: 1-289-819-1450
    • Conference Replay North American Toll Free: 1-888-660-6345
    • Conference Replay Entry Code: 53463 #
    • Conference Replay Expiration Date: 11/15/2024

    The Company’s Quarterly Report on Form 10-Q has been filed with the U.S. Securities and Exchange Commission (‘SEC‘) and may be viewed on the Electronic Document Gathering and Retrieval System (‘EDGAR‘) at www.sec.gov/edgar, on the System for Electronic Data Analysis and Retrieval + (‘SEDAR+‘) at www.sedarplus.ca, and on the Company’s website at www.energyfuels.com. Unless noted otherwise, all dollar amounts are in U.S. dollars.

    Selected Summary Financial Information:

    ABOUT ENERGY FUELS

    Energy Fuels is a leading US-based critical minerals company, focused on uranium, REEs, HMS, vanadium and medical isotopes. The Company has been the leading U.S. producer of natural uranium concentrate for the past several years, which is sold to nuclear utilities that process it further for the production of carbon-free nuclear energy and owns and operates several conventional and in situ recovery uranium projects in the western United States. The Company also owns the White Mesa Mill in Utah, which is the only fully licensed and operating conventional uranium processing facility in the United States. At the Mill, the Company also produces advanced REE products, vanadium oxide (when market conditions warrant), and is preparing to begin pilot-scale recovery of certain medical isotopes from existing uranium process streams needed for emerging cancer treatments. The Company also owns the operating Kwale HMS project in Kenya which is nearing the end of its life and is developing three (3) additional HMS projects, including the Toliara Project in Madagascar, the Bahia Project in Brazil, and the Donald Project in Australia in which the Company has the right to earn up to a 49% interest in a joint venture with Astron Corporation Limited. The Company is based in Lakewood, Colorado, near Denver, with its heavy mineral sands operations managed from Perth, Australia. The primary trading market for Energy Fuels’ common shares is the NYSE American under the trading symbol ‘UUUU,’ and the Company’s common shares are also listed on the Toronto Stock Exchange under the trading symbol ‘EFR.’ For more information on all we do, please visit http://www.energyfuels.com

    Cautionary Note Regarding Forward-Looking Statements: This news release contains certain ‘Forward Looking Information’ and ‘Forward Looking Statements’ within the meaning of applicable United States and Canadian securities legislation, which may include, but are not limited to, statements with respect to: any expectation that the Company will maintain its position as a leading U.S.-based critical minerals company or as the leading producer of uranium in the U.S.; any expectation with respect to timelines to production; any expectation as to rates or quantities of production; any expectation as to costs of production or gross profits or gross margins; any expectation as to future sales or sales prices; any expectation that the Company will be profitable; any expectation that the Company’s permitting efforts will be successful and as to any potential future production from any properties that are in the permitting or development stage; any expectation with respect to the Company’s planned exploration programs; any expectation that the Company will achieve its business objective of becoming a long-term, profitable U.S. critical minerals company; any expectation that Energy Fuels will be successful in expanding its U.S. separation, or other value-added U.S. REE production capabilities at the Mill, or otherwise, including the timing of any facilities or other initiatives and the expected production capacity associated with any such production capabilities; any expectation that the Mill’s REE products will meet commercial expectations or result in commercial offtake agreements; any expectation that the Company will update the Mill PFS to increase throughput of the planned Phase 2 separation circuit; any expectation that the Company’s planned Phase 2 separation facility will complete engineering design and will receive all required permits and licenses on a timely basis or at all; any expectation that the Company is well-stocked to capture market opportunities; any expectation that the Bahia Project, Donald Project and/or Toliara Project will be low-cost sources of monazite feed for the Mill and/or also potentially produce significant standalone cashflow from the sale of ilmenite, rutile, zircon and other minerals; any expectation as to the exploration program to be conducted at the Bahia Project during 2024; any expectation that the Company will complete an S-K 1300 and NI 43-101 compliant mineral resource estimate for the Bahia Project during 2024, or otherwise; any expectation that a FID will be made on the Donald Project or that the Company will earn its full 49% interest in the Donald JV; any expectation that any production at the Bahia Project, Donald Project and/or Toliara Project or Mill will be world or globally competitive; any expectation that the Base Resources team will continue to have a successful track-record of designing, constructing, and profitably operating any of the Company’s HMS projects; any expectation that Energy Fuels will be successful in agreeing on fiscal terms with the Government of Madagascar or in achieving sufficient fiscal and legal stability for the Toliara Project; any expectation that the current suspension relating to the Toliara Project will be lifted in the near future or at all; any expectation that the additional permits for the recovery of Monazite at the Toliara Project will be acquired on a timely basis or at all; any expectation that the Toliara Project will become a world-class HMS project; any expectation about the long-term opportunity in REEs; any expectation that the Company will be globally competitive in its markets; any expectation that the Company will complete engineering on its R&D pilot facility for the production of Ra-226 at the Mill, will set up the first stage of the pilot facility, and produce R&D quantities of Ra-226 at the Mill for testing by end-users of the product or at all; any expectation that the Company’s evaluation of radioisotope recovery at the Mill will be successful; any expectation that any radioisotopes that can be recovered at the Mill will be sold on a commercial basis; any expectation as to the quantities to be delivered under existing uranium sales contracts; any expectation that the Company will be successful in completing any additional contracts for the sale of uranium to U.S. utilities on commercially reasonable terms or at all; and any expectation as to future uranium, vanadium, HMS or REE prices or market conditions. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as ‘plans,’ ‘expects,’ ‘does not expect,’ ‘is expected,’ ‘is likely,’ ‘budgets,’ ‘scheduled,’ ‘estimates,’ ‘forecasts,’ ‘intends,’ ‘anticipates,’ ‘does not anticipate,’ or ‘believes,’ or variations of such words and phrases, or state that certain actions, events or results ‘may,’ ‘could,’ ‘would,’ ‘might’ or ‘will be taken,’ ‘occur,’ ‘be achieved’ or ‘have the potential to.’ All statements, other than statements of historical fact, herein are considered to be forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements express or implied by the forward-looking statements. Factors that could cause actual results to differ materially from those anticipated in these forward-looking statements include risks associated with: commodity prices and price fluctuations; engineering, construction, processing and mining difficulties, upsets and delays; permitting and licensing requirements and delays; changes to regulatory requirements; legal challenges; the availability of feed sources for the Mill; competition from other producers; public opinion; government and political actions; the failure of the Government of Madagascar to agree on fiscal terms for the Toliara Project or provide the approvals necessary to achieve sufficient fiscal and legal stability on acceptable terms and conditions or at all; the failure of the current suspension affecting the Toliara Project to be lifted on a timely basis or at all; the failure of the Company to obtain the required permits for the recovery of Monazite from the Toliara Project; the failure of the Company to provide or obtain the necessary financing required to develop the Toliara Project, the Donald Project, the Bahia Project and/or its expanded REE separations capacity; available supplies of monazite; the ability of the Mill to produce RE Carbonate, REE oxides or other REE products to meet commercial specifications on a commercial scale at acceptable costs or at all; market factors, including future demand for REEs; actual results differing from estimates and projections; the ability of the Mill to recover radium or other radioisotopes at reasonable costs or at all; market prices and demand for medical isotopes; and the other factors described under the caption ‘Risk Factors’ in the Company’s most recently filed Annual Report on Form 10-K, which is available for review on EDGAR at www.sec.gov/edgar, on SEDAR+ at www.sedarplus.ca, and on the Company’s website at www.energyfuels.com. Forward-looking statements contained herein are made as of the date of this news release, and the Company disclaims, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management’s estimates or opinions should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements. The Company assumes no obligation to update the information in this communication, except as otherwise required by law.

    1 The information relating to the Donald Project’s estimated monazite production is based on the Donald DFS prepared on June 27, 2023. This study constituted a ‘Feasibility Study’ for the purposes of JORC, and the Ore Reserves underpinning this study were estimated in accordance with JORC. The results from this study may not be comparable to (as the case may be) data or estimates under either NI 43-101 or S-K 1300– see disclosure under ‘Technical Information.’

    Source

    Click here to connect with Energy Fuels Inc. (NYSE American:UUUU) (TSX:EFR) to receive an Investor Presentation

    This post appeared first on investingnews.com

    Vice President Kamala Harris’ failed presidential bid has political strategists second guessing many of her campaign choices, including her selection of Minnesota Gov. Tim Walz as her running mate.

    ‘The choice of Walz was only one of many disastrous mistakes but symptomatic of one larger problem – the Democratic Party leadership is too scared to say no to the hard left progressive wing of the party,’ Julian Epstein, longtime Democratic operative and former chief counsel to the House Judiciary Committee, told Fox News Digital.

    This hard left opposes commonsense solutions that Gov Shapiro supports – charter schools for example. Or defeating terrorists rather than aping their talking points and positions, which allow them to stay in power and rearm for the next genocidal attack,’ Epstein continued. ‘It’s the hard left progressive wing that looks first to welfare and redistribution rather than economic growth, and to cultural extremism on migration and gender deeply out of touch with the American electorate. Walz was a really bad choice for sure, but their choice was part of a deeper problem.’

    Rob Bluey, president and executive editor of The Daily Signal, told Fox News Digital that Walz being added to the ticket was a significant error in judgment.

    ‘Historically, vice presidents have little impact on a presidential candidate’s fate,’ Bluey said. ‘But in the case of Tim Walz, it proved to be a disastrous decision that doomed Kamala Harris from the moment she made it. Not only was Walz ill-prepared for the national spotlight and media scrutiny, but Harris passed over several better options. Given how little Americans knew about Harris or her policy positions, they were right to question her judgment on this big decision.’

    Harris faced scrutiny even from some in her own party over her decision to name Walz, who many view as further to the left than she is, rather than a more moderate choice. Prominent Democrat Josh Shapiro, governor of the crucial swing state of Pennsylvania that Trump carried on Tuesday night, was viewed by some as a more practical choice.

    ‘One of the things that are top of mind is the choice of Tim Walz as vice presidential candidate,’ Harris-Walz surrogate Lindy Li told Fox News senior White House correspondent Jacqui Heinrich at Howard University. ‘A lot of people are saying tonight that it should have been Josh Shapiro. Frankly, people have been saying that for months.’

    ‘I know a lot of people are probably wondering tonight what would have happened had Shapiro been on the ticket,’ Li continued. ‘And not only in terms of Pennsylvania. He’s famously a moderate. So that would have signaled to the American people that she is not the San Francisco liberal that Trump said she was.’

    Walz was heavily criticized on the campaign trail over questions about his honesty regarding his military service, ties to China, response to the George Floyd riots in 2020, and policy agenda as governor that several Minnesotans who spoke to Fox News Digital described as radical.

    Firehouse Strategies founding partner Alex Conant told Fox News Digital that while Walz did not help the ticket, the problems were much deeper.

    ‘Democrats must have a lot of regrets,’ Conant said. ‘Walz didn’t help the ticket, but he’s not why she lost. VP candidates just don’t matter that much.’

    ‘Bigger issues were Trump’s well-run campaign, Biden’s unpopular record, and Harris’ lackluster performance as a candidate – and I’m not sure how she could have changed any of those things.’


    This post appeared first on FOX NEWS

    Americans could know the balance of power in the House of Representatives as soon as Thursday, House Majority Leader Steve Scalise, R-La., anticipates.

    The top House Republican spoke with Fox News Digital after his party won commanding victories in the White House and Senate on Election Day. The Fox News Decision Desk projected the GOP having a slight edge over Democrats in the House as of Wednesday afternoon.

    ‘I mean, California’s the main state still. You know, in a lot of those close races, our incumbents are leading the way – by small margins, but we knew there would be small margins,’ Scalise told Fox News Digital on Wednesday evening.

    ‘We also have some seats that we have a chance to flip that are leaning our way, too. So, you know, we’re watching all of them, and they’re coming down the wire. But I think we’ll know by [Thursday], hopefully.’

    Republicans in President-elect Trump’s sphere and elsewhere are ‘in a great mood’ after Tuesday night, Scalise said.

    ‘It appears we’re going to hold the House and flip the Senate,’ Scalise said. ‘You know, it’s going to be a rare opportunity within any government to really focus in January on turning this country around.’

    Scalise already signaled part of what that may look like earlier in the day, when he publicly called for the various prosecutions into Trump to end now that he was re-elected president.

    He and other Trump allies had long dismissed the criminal probes as a misuse of the federal government, despite some of them leading to grand jury indictments and criminal convictions.

    Asked if a Republican-led Washington would look to reform the justice system to make such perceived attacks harder, Scalise said, ‘There needs to be reform.’

    ‘I think this is one of the issues where the public spoke very loudly last night, that they want to end the weaponization of the federal government against political enemies,’ Scalise said. 

    The Biden administration has denied the federal investigations into Trump are politically motivated.

    ‘President Trump’s made it clear, he’s going to clean house. I think people want to see, you know, in essence, the dirty cops get removed,’ Scalise said.

    ‘They want to have restored faith in all of these once great agencies. And the American people deserve that, because these agencies need to be focused on doing their job, and that’s to keep Americans safe.’

    In a further show of confidence that Republicans would win the House, Scalise sent a letter to House Republicans on Wednesday evening announcing he was running for majority leader again.

    In the four-page memo, he detailed what the first 100 day goals of a Republican federal government would look like.

    ‘Now it is up to us to work closely with Trump to enact legislation that will provide long-term relief and put our country on a sustainable trajectory. In the first 100 days, House Republicans will advance a bold, conservative agenda that will get the economy back on track, lock in low tax rates, and secure our southern border,’ he wrote in the letter obtained by Fox News Digital.

    He pledged Republicans would push through conservative reforms via a process called ‘reconciliation,’ which has been used by both parties in the past to force through significant policy reforms in a budget bill that only needs a simple majority to pass the Senate, instead of the traditional 60-vote threshold.


    This post appeared first on FOX NEWS

    Sona Nanotech Inc. (CSE: SONA) (OTCQB: SNANF) (the ‘Company’, ‘Sona’) is pleased to announce that its Chief Scientific Officer, Dr. Len Pagliaro, has been invited to showcase Sona’s developing Targeted Hyperthermia Therapy (‘THT’) cancer treatment today at the Nanotechnology Characterization Laboratory (‘NCL’). Sona will be one of six commercial and academic collaborators to present its research at the NCL’s 20th anniversary ‘Advancing Medical Applications of Cancer Nanotechnology’ symposium. Sona’s subsidiary was previously selected for the NCL Assay Cascade Program, the premier program in the World for bringing nanomaterials through critical preclinical stages and facilitating regulatory review, in which Sona’s materials were assessed for biocompatibility. The NCL was established by the National Cancer Institute (‘NCI’) to accelerate the progress of nanomedicine by providing preclinical characterization and safety testing of nanoparticles. The NCL is a collaborative effort between NCI, the U.S. Food and Drug Administration (‘FDA’), and the National Institute of Standards and Technology.

    The Company is also pleased to provide an update on the status of its current operating activities, notably the development of its Targeted Hyperthermia Therapy which uses the Company’s patented, biocompatible gold nanorods (‘GNRs’) to act as an immune stimulator for the treatment of certain solid cancers.

    In addition to closing an over-subscribed $3.1 million equity financing in September, the Company has completed pilot safety and biocompatibility feasibility studies conducted by a global contract research organization (‘CRO’) and a preclinical, GLP-compliant translational research institute, respectively, in the United States. Both preclinical studies provided initial data which determine that the Company’s proprietary and uniquely biocompatible GNRs are non-toxic, safe and the GNRs clear the body efficiently. Based on the success of these two studies, the Company has commissioned a full dose-escalation study which is required to inform and support the study protocol for a first-in-human early feasibility study (‘EFS’) being pursued by the Company. The Company will provide updates as to the status of its progress towards an EFS study as significant milestones are achieved.

    Also, the previously announced results from the Company’s melanoma and triple negative breast cancer pre-clinical studies have now been submitted for peer review and consideration for publishing in a scientific journal. The working title for the paper, ‘Targeted Intra-tumoral Hyperthermia using Sona Nanotech’s Uniquely Biocompatible Gold Nanorods Induces a Strong Immunogenic Cell Death Response in Two Immunogenically ‘Cold’ Tumor Models‘ highlights the unique mechanism of action of our novel immunotherapy. Work on a pre-clinical study of THT for a colorectal cancer model continues at Dalhousie University with results expected later in November.

    Sona Nanotech CEO, David Regan commented, ‘Sona’s preclinical efficacy data for its THT is encouraging in its ability to modify cancers and activate an immune response that significantly reduces not only treated tumors but also untreated metastases. These promising data compel us to pursue an aggressive path towards securing approvals to treat those suffering from late-stage solid cancers that have been unresponsive to current treatment regimens. With supportive initial preclinical safety data from world class CRO partners now in-hand, Sona is pursuing an early feasibility study to assess THT’s safety and efficacy in humans in 2025.

    Contact:

    David Regan, CEO
    +1-902-442-0653
    david@sonanano.com

    About Sona Nanotech Inc.

    Sona Nanotech, a nanotechnology life sciences company, is developing Targeted Hyperthermia™, a photothermal cancer therapy, which uses therapeutic heat to treat solid cancer tumors. The heat is delivered to tumors by infrared light that is absorbed by Sona’s gold nanorods in the tumor and re-emitted as heat. Therapeutic heat (42-48°C) stimulates the immune system, shrinks tumors, inactivates cancer stem cells, and increases tumor perfusion – thus enabling drugs to reach all tumor compartments more effectively. The size, shape, and surface chemistry of the nanorods target the leaky vasculature of solid tumors, and the selective thermal sensitivity of tumor tissue enables the therapy to deliver clean margins. Targeted Hyperthermia promises to be safe, effective, minimally invasive, competitive in cost, and a valuable adjunct to drug therapy and other cancer treatments.

    Sona has developed multiple proprietary methods for the manufacture of gold nanoparticles which it uses for the development of both cancer therapies and diagnostic testing platforms. Sona Nanotech’s gold nanorod particles are cetyltrimethylammonium (‘CTAB’) free, eliminating the toxicity risks associated with the use of other gold nanorod technologies in medical applications. It is expected that Sona’s gold nanotechnologies may be adapted for use in applications, as a safe and effective delivery system for multiple medical treatments, subject to the approval of various regulatory boards, including Health Canada and the FDA.

    CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This press release includes certain ‘forward-looking statements’ under applicable Canadian securities legislation, including statements regarding the anticipated applications and potential opportunities of Targeted Hyperthermia Therapy, Sona’s preclinical and clinical study plans, future patent filings and its product development plans. Forward-looking statements are necessarily based upon a number of assumptions or estimates that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements, including the risk that Sona may not be able to successfully obtain sufficient clinical and other data to submit regulatory submissions, raise sufficient additional capital, secure patents or develop the envisioned therapy, and the risk that THT may not prove to have the benefits currently anticipated. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Sona disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

    Not for distribution to United States newswire services or for dissemination in the United States

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    To view the source version of this press release, please visit https://www.newsfilecorp.com/release/229165

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    Skyharbour Resources Ltd. (TSX-V: SYH ) (OTCQX: SYHBF ) (Frankfurt: SC1P ) (the ‘Company’) is pleased to announce the commencement of its fall diamond drilling program at the 73,294 hectare Russell Lake Uranium Project (‘Russell’ or the ‘Project’). The Project is 51% owned by Skyharbour as operator with joint-venture partner Rio Tinto Exploration Canada Inc. (‘RTEC’) owning the other 49%. It is strategically located in the central core of the Eastern Athabasca Basin of northern Saskatchewan with access to regional infrastructure including an all-weather road and powerline. Skyharbour is planning a 4,500-metre diamond drilling program in seven to nine holes at the project, building on the successful results from the drilling campaign completed earlier this year. The Company’s geologists, along with a contracted drilling crew, are based at Skyharbour’s exploration camp on the McArthur River-Key Lake haul road, situated within five kilometres of Denison Mines’ Phoenix deposit at the Wheeler River Project.

    Russell Lake Project Location Map:

    http://www.skyharbourltd.com/_resources/images/SKY-RussellLake-20220325-Inset.jpg

    Fall Diamond Drilling Program at Russell Lake:

    Skyharbour plans to complete approximately 4,500 metres of drilling at Russell to follow up on notable previous exploration and findings and to test new targets developed by the geological team . The drilling program will be focused on the road-accessible Fork target within the broader Grayling target area as well as the M-Zone Extension (‘MZE’) target. All-in drilling costs are lower given the nearby infrastructure including the mine and mill haul road as well as Skyharbour’s exploration camp at the project. A total of 4,500 metres in seven to nine holes is planned with five to six holes planned on the Fork target and two to three holes planned on the MZE target.

    Russell Lake Project Target Areas:

    https://www.skyharbourltd.com/_resources/images/20240110-MainTargetsRussellLake2024.jpg

    The Fork target is a newly identified target to the west of the Grayling Zone and on-strike with Denison’s M-Zone at their adjacent Wheeler River Project. Earlier this year, the best intercept of uranium mineralization historically on the Russell Lake Project was discovered in hole RSL24-02, which returned a 2.5 metre wide intercept of 0.721% U 3 O 8 at a relatively shallow depth of 338.1 metres, including 2.99% U 3 O 8 over 0.5 metres just above the unconformity in the sandstone (see news release dated July 19 th , 2024, titled: ‘Skyharbour Drills New Discovery at Russell Project with High-Grade Uranium Mineralization Up to 3.0% U 3 O 8 at Newly Identified Fork Zone’). This high-grade intercept is a new discovery at the recently identified Fork Target which has very limited historical exploration due to a lack of reliable geophysical data and drill targets resulting from nearby powerline interference. The mineralization is open in most directions including along strike, and will be a focus for this drill program.

    Fork and Grayling Drill Targets:

    https://www.skyharbourltd.com/_resources/images/20240110-ForkGraylingEastTargetsRussellLake.jpg

    Skyharbour has also refined additional drill targets in the M-Zone Extension area, along trend from the Grayling Zone and Denison’s M-Zone, where historical drilling intersected basement-hosted uranium. More recent drilling by Denison in 2020 at the M-Zone encountered uranium mineralization with significant faulting, core loss, geochemical anomalies, and radioactivity encountered in other drill holes. Like the Grayling Zone, the mineralization is hosted by a graphitic thrust fault within a significant magnetic low. It is also noted that cross structures associated with Denison’s Phoenix and Gryphon uranium deposits potentially trend onto the Russell Lake property within the M-Zone Extension target area, further enhancing the prospectivity of this target.

    M-Zone Extension Drill Targets:

    https://www.skyharbourltd.com/_resources/images/20240110-M-ZoneExtensionTargetsRussellLake.jpg

    Russell Lake Project Historical Summary:

    The Russell Lake Project is a large, advanced-stage uranium exploration property totalling 73,294 hectares strategically located between Cameco’s Key Lake and McArthur River Projects and adjoining Denison’s Wheeler River Project to the west and Skyharbour’s Moore Uranium Project to the east. The northern extension of Highway 914 between Key Lake and McArthur River runs through the western extent of the Property and greatly enhances accessibility, while a high-voltage powerline is situated alongside this road and the western edge of the property south of Key Lake. Skyharbour’s acquisition of Russell Lake creates a large, nearly contiguous block of highly prospective uranium claims totalling 108,999 hectares between the Russell Lake and the Moore uranium projects.

    There has been historical exploration carried out at Russell Lake. However, most of it was conducted before 2010, prior to the discovery of several major deposits in and around the Athabasca Basin. In 2023, Skyharbour’s inaugural diamond drilling program tested several Fox Lake Trail targets and the Grayling Zone. Significant uranium mineralization was intersected in the majority of holes at the Grayling Zone over a strike length exceeding one kilometre. More recently, Skyharbour completed 5,152 metres of drilling in a 2024 winter/spring drill program making a new discovery at the newly identified Fork Target area. Hole RSL24-02 marks the best intercept of uranium mineralization historically at the project, returning a 2.5 metre wide intercept of 0.721% U 3 O 8 at a relatively shallow depth of 338.1 metres, including 2.99% U 3 O 8 over 0.5 metres at 339.6 metres just above the unconformity in the sandstone.

    2024 Fork Target Drill Hole Location Map:

    https://www.skyharbourltd.com/_resources/maps/2024-Fork-East-Grayling-Drill-Hole-Location-Map-NR-new-002.jpg

    Several notable exploration targets exist on the property including the Grayling Zone, the M-Zone Extension target, the Little Man Lake target, the Christie Lake target, the Fox Lake Trail target and the newly identified Fork Zone target. More than 35 kilometres of largely untested prospective conductors in areas of low magnetic intensity also exist on the Property.

    Qualified Person:

    The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed and approved by David Billard, P.Geo., a Consulting Geologist for Skyharbour as well as a Qualified Person. Mr. Billard has verified the data disclosed, which includes a review of the sampling, analytical and test data underlying the information and opinions contained herein.

    About Skyharbour Resources Ltd.:

    Skyharbour holds an extensive portfolio of uranium exploration projects in Canada’s Athabasca Basin and is well positioned to benefit from improving uranium market fundamentals with interest in twenty-nine projects, ten of which are drill-ready, covering over 580,000 hectares (over 1.4 million acres) of land. Skyharbour has acquired from Denison Mines, a large strategic shareholder of the Company, a 100% interest in the Moore Uranium Project, which is located 15 kilometres east of Denison’s Wheeler River project and 39 kilometres south of Cameco’s McArthur River uranium mine. Moore is an advanced-stage uranium exploration property with high-grade uranium mineralization at the Maverick Zone that returned drill results of up to 6.0% U 3 O 8 over 5.9 metres, including 20.8% U 3 O 8 over 1.5 metres at a vertical depth of 265 metres (see news release dated February 27 th , 2017, titled: ‘Skyharbour Intersects 20.8% U 3 O 8 over 1.5 Metres in First Drill Hole at Maverick Zone and Discovers New High-Grade Uranium Lens on Moore Lake Uranium Project’). Adjacent to the Moore Project is the Russell Lake Uranium Project, in which Skyharbour is an operator with joint-venture partner RTEC. The project hosts several high-grade uranium drill intercepts over a large property area with robust exploration upside potential. The Company is actively advancing these projects through exploration and drill programs.

    Skyharbour also has joint ventures with industry leader Orano Canada Inc., Azincourt Energy, and Thunderbird Resources (previously Valor) at the Preston, East Preston, and Hook Lake Projects respectively. The Company also has several active earn-in option partners, including CSE-listed Basin Uranium Corp. at the Mann Lake Uranium Project; CSE-listed Medaro Mining Corp. at the Yurchison Project; TSX-V listed North Shore Uranium at the Falcon Project; UraEx Resources at the South Dufferin and Bolt Projects; Hatchet Uranium at the Highway Project and TSX-V listed Terra Clean Energy (previously Tisdale) at the South Falcon East Project which hosts the Fraser Lakes Zone B uranium and thorium deposit. In aggregate, Skyharbour has now signed earn-in option agreements with partners that total over $40 million in partner-funded exploration expenditures, over $30 million worth of shares being issued, and over $22 million in cash payments coming into Skyharbour, assuming that these partner companies complete their entire earn-ins at the respective projects.

    Skyharbour’s goal is to maximize shareholder value through new mineral discoveries, committed long-term partnerships, and the advancement of exploration projects in geopolitically favourable jurisdictions.

    Skyharbour’s Uranium Project Map in the Athabasca Basin:

    https://www.skyharbourltd.com/_resources/images/SKY_SaskProject_Locator_2024-02-14_V2.jpg

    To find out more about Skyharbour Resources Ltd. (TSX-V: SYH) visit the Company’s website at www.skyharbourltd.com .

    Skyharbour Resources Ltd.

    ‘Jordan Trimble’
    ________________________________________
    Jordan Trimble

    President and CEO
    For further information contact myself or:
    Nicholas Coltura
    Investor Relations Manager
    ‎Skyharbour Resources Ltd.
    ‎Telephone: 604-558-5847
    ‎Toll Free: 800-567-8181
    ‎Facsimile: 604-687-3119
    ‎Email: info@skyharbourltd.com

    NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

    Forward-Looking Information

    This news release contains ‘forward‐looking information or statements’ within the meaning of applicable securities laws, which may include, without limitation, completing ongoing and planned work on its projects including drilling and the expected timing of such work programs, other statements relating to the technical, financial and business prospects of the Company, its projects and other matters. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of uranium, the ability to achieve its goals, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms. Such forward-looking information reflects the Company’s views with respect to future events and is subject to risks, uncertainties and assumptions, including the risks and uncertainties relating to the interpretation of exploration results, risks related to the inherent uncertainty of exploration and cost estimates and the potential for unexpected costs and expenses, and those filed under the Company’s profile on SEDAR+ at www.sedarplus.ca. Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, adverse weather or climate conditions, failure to obtain or maintain all necessary government permits, approvals and authorizations, failure to obtain or maintain community acceptance (including First Nations), decrease in the price of uranium and other metals, increase in costs, litigation, and failure of counterparties to perform their contractual obligations. The Company does not undertake to update forward‐looking statements or forward‐looking information, except as required by law.

    
    

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    A new law in Israel allows for the deportation of family members of Palestinian attackers, including Israelis, to the Gaza Strip or another location.

    Passed by Israel’s parliament, known officially as Knesset, early on Thursday with a 61-41 vote, the law was championed by members of Prime Minister Benjamin Netanyahu’s Likud party and his far-right allies. Deportation of a terrorist’s immediate family member could be ordered by the interior minister authority following a hearing, according to The Jerusalem Post.

    Family members who had advance knowledge of an attack and failed to report it to police or ‘expressed support or identification with an act of terrorism or published words of praise, sympathy or encouragement for an act of terrorism or a terrorist organization’ would be subject to the law, The Times of Israel reports. 

    They would be deported for a period of seven to 20 years. The Israel-Hamas war is still raging in Gaza, where tens of thousands have been killed and most of the population has been internally displaced, often multiple times. 

    Legal experts believe that any attempt to implement the law would likely lead to it being struck down by Israeli courts.

    ‘The bottom line is this is completely nonconstitutional and a clear conflict to Israel’s core values,’ Eran Shamir-Borer, a senior researcher at the Israel Democracy Institute and a former international law expert for the Israeli military, told the Associated Press. 

    It is unclear if the law will apply in the occupied West Bank, where Israel already has a long-standing policy of demolishing the family homes of attackers. Palestinians have carried out scores of stabbing, shooting and car-ramming attacks against Israelis in recent years.

    Palestinians living in Israel make up around 20% of the country’s population. They have citizenship and the right to vote but face widespread discrimination. Many also have close family ties to those in the territories and most sympathize with the Palestinian cause.

    The Associated Press contributed to this report. 


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    The risk-on sentiment has returned to the stock market. Stocks traded significantly higher ahead of the open on Wednesday after former President Trump’s victory. With the uncertainty of the election results out of the way, investors were ready to pile back into equities. All broader US equity indexes saw strong upside movement, and the Cboe Volatility Index ($VIX) fell, closing at around 16 (see screenshot of the Market Overview Dashboard Panel below).

    FIGURE 1. THE STOCKCHARTS MARKET OVERVIEW DASHBOARD PANEL. All equity indexes closed significantly higher, while the VIX dropped.Image source: StockCharts.com. For educational purposes.

    The stock market had priced in a Trump victory, but investors were clearly waiting for the result before adding more positions, although we saw signs of a head start on Tuesday ahead of the results. The strong upside move was apparent during the trading day, and the indexes closed near their highs.

    The biggest gainer was the S&P 600 Small Cap Index ($SML), which closed higher by 6.09%. Its big move is worth studying more closely, since it broke out of a trading range it has been in since mid-September (see daily chart below).

    FIGURE 2: DAILY CHART OF THE S&P 600 SMALL CAP INDEX. The index broke through its trading range and gapped up. Market breadth is also positive.Chart source: StockCharts.com. For educational purposes.

    The percentage of S&P 600 stocks trading above their 50-day moving average is at a healthy 78%, and the advances vs. declines also show increasing market breadth.

    What’s behind the move in small-cap stocks? A boost in financial stocks. Financial stocks comprise a large fraction of $SML, and, with the possibility of deregulation and tax cuts on the horizon, the small-cap index spiked. 

    Financials Sector Leads

    Financials were the leading sector in Wednesday’s trading. The StockCharts MarketCarpets of the Financials sector clearly show that many banks saw strong gains.

    FIGURE 3. BANKS SAW LARGE PERCENTAGE INCREASES IN THEIR STOCK PRICE.Image source: StockCharts.com. For educational purposes.

    This is clear in the chart of the KBW Bank Index ($BKX). Its performance relative to the S&P 500 ($SPX) jumped to 25.8%.

    FIGURE 4. BANK STOCKS RISE. Wednesday’s massive surge is worth monitoring, as it could benefit bank stocks. Chart source: StockCharts.com. For educational purposes.

    It may be worth considering adding bank stocks to your portfolio, especially when they pull back and until interest rates rise.

    Crypto, US Dollar, Yields Rally

    Cryptocurrencies are also rallying. $BTCUSD has broken out of its consolidation pattern with momentum (see weekly chart below).

    FIGURE 5. BITCOIN SOARS. Bitcoin to US Dollar broke out of its consolidation pattern and the MACD shows rising momentum.Chart source: StockCharts.com. For educational purposes.

    The moving average convergence/divergence (MACD) indicates bullish momentum as the MACD line crosses above the signal line.

    The US dollar and Treasury yields spiked after Trump’s victory. This move could be in anticipation of an inflationary environment ahead. If inflation rises, the Fed may have to pivot and raise rates. We’ll probably not hear anything about that in Jerome Powell’s presser on Thursday. Still, it’ll be one to listen to, especially for clues of what could be in store for December. If bond prices continue to fall (bond prices move opposite to yields), expect a tapering in interest rate cuts by the Fed.


    Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.

    Brunswick Exploration Inc. (TSX-V: BRW, OTCQB: BRWXF; FRANKFURT:1XQ; ‘ BRW ‘ or the ‘ Company ‘) is excited to announce that, following the recent discovery of spodumene near Nuuk, Greenland, it has applied for additional licenses in the Nuuk area. The Company has also increased its holdings in new regions of Western Greenland subsequent to further compilation work including the Disko Bay and Uummannaq areas.

    Mr. Killian Charles, President and CEO of BRW, commented: ‘With the lithium potential of Greenland newly confirmed, we have rapidly consolidated all high priority targets in western Greenland. BRW now controls one of the most significant grassroot exploration portfolios in Greenland and is the only company actively exploring for lithium in the country. Our new holdings all benefit from proximity to communities and tidal water to ensure that logistical and infrastructure needs are in place for potential future development. Between our new Ivisaartoq discovery and our expanded portfolio, we look forward to launching a major lithium exploration initiative in 2025 across Greenland as soon as possible. We are very keen to work with the Greenlandic communities, government and European Commission as we launch this exciting endeavor.’

    Figure 1: BRW Lithium Portfolio

    BRW Lithium Portfolio

    ‘With several discoveries across its expanding portfolio, BRW will continue to leverage its lithium expertise to generate and advance targets to the benefit of its shareholders. With continuous drilling success at Mirage, the potential for new discoveries at Anatacau West and the start of a significant exploration campaign in Greenland, BRW is well positioned to deliver exciting results throughout 2025.’

    All new license areas have been applied for and are pending final government approval. They were staked based on favorable geological environments and satellite imagery. Greenland has exceptional outcrop exposure and BRW’s 2024 discovery showcases significant lithium potential for the country. In total, BRW acquired 92,547 hectares of new license area that contains hundreds of mapped and interpreted pegmatites of which 90 are between 500 and 2,000 meters in length. None of the new areas staked by BRW have been previously explored for lithium.

    Brunswick Exploration would like to thank Xploration Services Greenland A/S for their assistance in the applications as well as other project aspects during the 2024 season.

    Nuuk Expansion

    The Nuuk holdings host the new Ivisaartoq discovery within the Ivisaartoq belt (see press release October 30 th ). The Company has applied to stake the adjacent Ujarassuit amphibolite belt that is up to 1 kilometer in width and roughly 40 kilometers in strike length. In addition, the company has staked additional amphibolite belts within the Fiskefjord Complex, 95 kilometers north of Nuuk, and 75 kilometers southeast of the community of Maniitsoq. These belts are up to 4.5 kilometers in width and 20 kilometers in strike length. In total, the new claims contain hundreds of mapped and interpreted pegmatite outcrops including 6 that are between 500 and 2,000 meters in strike length for a total license expansion area of 33,138 hectares. (See Figure 2).

    Figure 2: Newly Expanded Nuuk License

    Newly Expanded Nuuk License

    Disko Bay

    The Disko Bay licenses are located roughly 30-80 kilometers from the coastal city of Ilulissat, which is the 3 rd largest city in Greenland. The licenses are near multiple seaports and container terminals, including Ilulissat, which has a population of over 4,500 people. The area is situated within the Aasiaat domain, part of the Paleoproterozoic Nagssugtoqidian Orogen, sandwiched to the south by the Archean North Atlantic Craton and to the North by the Archean Rae Craton. The Orogen extends west into the Trans-Hudson orogeny of Canada that continues to the lithium deposits near Snow Lake Manitoba and the Black Hills of South Dakota.

    Multiple amphibolite and metasedimentary belts were acquired with some belts being over 20 kilometers in strike length. The new claims have hundreds of mapped and interpreted pegmatite targets including 54 that are between 500 and 2,000 meters in strike length for a total license area of 49,639 hectares.

    Figure 3: Disko Bay License Overview

    Disko Bay License Overview

    Uummannaq

    The licenses are located roughly 70 kilometers from the coastal city of Uummannaq, which is roughly 80 kilometers north of Ilulissat. Uummannaq has a population of roughly 1,660, an airport and a ferry terminal as well as a nearby container terminal. The area is located within the Archean Rae Craton that is intermixed with the Paleoproterozoic Rinkian fold-thrust belt, both of which are in contact with the Paleoproterozoic Nagssugtoqidian Orogen to the south.

    The new license contains multiple amphibolite and metasedimentary belts with dozens of mapped and interpreted pegmatites of which 30 are between 500 and 2,000 meters in strike length with a total license area of 9,770 hectares.

    Figure 4: Uummannaq License Overview

    Uummannaq License Overview

    Qualified Person

    The scientific and technical information related to this press release has been reviewed and approved by Mr. Charles Kodors, Manager Atlantic Canada. He is a Profession Geologist registered in New Brunswick, Nova Scotia, Newfoundland, Quebec, Ontario, Manitoba and Saskatchewan.

    About Brunswick Exploration

    Brunswick Exploration is a Montreal-based mineral exploration company listed on the TSX-V under symbol BRW. The Company is focused on grassroots exploration for lithium, a critical metal necessary to global decarbonization and energy transition. The company is rapidly advancing its extensive portfolio of lithium projects in Canada and Greenland including the Mirage and the Anatacau Projects and the new Ivisaartoq lithium discovery.

    Investor Relations/information

    Mr. Killian Charles, President and CEO ( info@BRWexplo.com )

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

    Cautionary Statement on Forward-Looking Information

    This news release contains ‘forward-looking information’ within the meaning of applicable Canadian securities legislation based on expectations, estimates and projections as at the date of this news release. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, delays in obtaining or failures to obtain required governmental, environmental or other project approvals; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; inflation; fluctuations in commodity prices; delays in the development of projects; the other risks involved in the mineral exploration and development industry; and those risks set out in the Corporation’s public documents filed on SEDAR at www.sedar.com. Although the Corporation believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Corporation disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law. 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.

    Photos accompanying this announcement are available at
    https://www.globenewswire.com/NewsRoom/AttachmentNg/4416451e-d141-4b9a-a357-0c84a1940ffb  
      https://www.globenewswire.com/NewsRoom/AttachmentNg/64c6a8d2-856b-4d63-bc82-24cd9a0ff5ce  
      https://www.globenewswire.com/NewsRoom/AttachmentNg/de7da69f-1c4e-4423-ae7f-6bfe45e9d2d6  
      https://www.globenewswire.com/NewsRoom/AttachmentNg/8fcce868-94a7-4817-a257-e9bc392cdfac

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