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A House GOP lawmaker is working to find more information after learning one of her constituents was possibly detained by Venezuela’s government.

Rep. Nicole Malliotakis, R-N.Y., told Fox News Digital she was ‘advocating for the State Department to assist’ with a U.S. citizen from her district who is possibly being held by the Latin American government.

‘My biggest issue at the moment is that I have a constituent that is suspected of being unlawfully detained by the Venezuelan government,’ Malliotakis told Fox News Digital.

She said she was appealing to the State Department to use its ‘leverage’ to get the man released.

The New York City-area Republican said he had likely been detained for ‘a couple of weeks,’ before Maduro’s ouster.

Malliotakis said his family suspected him of being unlawfully detained, but it’s not clear if he’s classified as such by the U.S. government.

Her office sent Fox News Digital a longer statement, ‘While we have not been contacted by the family of James Luckey-Lange, we learned about the situation from the media on Friday and immediately contacted the U.S. Department of State.’

‘For months, the State Department has advised American citizens not to travel to Venezuela, determining a very high risk of wrongful detention of U.S. nationals in the country. While we have not yet been able to confirm he has been detained, we are engaged, actively monitoring the situation, and have elevated our concern directly to the White House and the Secretary of State, and the State Department has been in contact with the family,’ Malliotakis’ office said.

‘It is our hope that our constituent will soon safely return to the United States.’

Fox News Digital reached out to the State Department for further information. A State Department spokesperson responded to the inquiry, ‘The United States has no higher priority than the safety and security of U.S. citizens. We are aware of reports of U.S. citizens detained in Venezuela. Due to privacy and safety concerns, we have nothing further at this time.’

Her comments came after a House-wide classified briefing on the government’s Venezuela operation on Wednesday, which was led by top Trump administration officials.

Maduro and his wife, Celia Flores, were extracted after precision strikes in the capital city of Caracas and are currently facing trial on terrorism-related charges at the U.S. Attorney’s Office in the Southern District of New York.

A story published in the Staten Island Advance, a local outlet in Malliotakis’ district, cited the New York Post in naming Luckey-Lange as being potentially detained by Venezuela since arriving there in December.

The outlets reported that it’s not clear if he had a visa to enter Venezuela.

President Donald Trump said last weekend that the U.S. would ‘run’ the country until an adequate transition were to occur. 

Meanwhile, Maduro’s vice president, Delcy Rodríguez, was sworn in as acting president on Tuesday.


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President Donald Trump affirmed on Wednesday that the U.S. would ‘always be there for NATO,’ while accusing the alliance of not sharing the same commitment to aiding the U.S.

‘We will always be there for NATO, even if they won’t be there for us,’ the president wrote in a lengthy Truth Social post.

White House press secretary Karoline Leavitt underscored Trump’s statement of commitment to NATO during a briefing on Wednesday. When pressed further about the issue, she underscored the increase in NATO allies’ spending that occurred as a result of Trump’s push.

The president claimed responsibility for strengthening NATO, saying that his work has served as the main deterrence for China and Russia.

‘Without my involvement, Russia would have all of Ukraine right now. Remember, also, I single-handedly ended 8 wars, and Norway, a NATO member, foolishly chose not to give me the Noble Peace Prize. But that doesn’t matter! What does matter is that I saved millions of lives. Russia and China have zero fear of NATO without the United States, and I doubt NATO would be there for us if we really needed them. Everyone is lucky that I rebuilt our military in my first term, and continue to do so,’ Trump said.

The president’s remarks come as his administration works to bring an end to the Russia-Ukraine war. Additionally, Trump has faced some pushback from NATO allies in recent days over his renewed calls for the U.S. to take over Greenland, something he has said is a matter of national security. It is unclear which issue was on his mind when he made the post.

The negotiations aimed at ending the Russia-Ukraine war remain active but have yet to reach the end stage of the deal-making process. On Tuesday, the U.K. and France signed a declaration pledging troops for Ukraine under a future peace deal and with security guarantees supported by the U.S. and allied partners.

The declaration was adopted in Paris by the Coalition of the Willing and sets out what leaders said was a framework for lasting peace between Ukraine and Russia set in international law and the principles of the United Nations Charter.

A key U.S. role is outlined in plans for a continuous, U.S.-led ceasefire monitoring and verification mechanism, with contributions from partners. The U.S. would participate in a special commission to manage ceasefire breaches, attribute responsibility and determine solutions.

Meanwhile, NATO allies have expressed concern as Trump appeared to renew his push for the U.S. to take Greenland. The president told reporters on Air Force One that the U.S. needed the self-governing Danish territory for ‘national security’ reasons.

‘We need Greenland from the standpoint of national security, and Denmark is not going to be able to do it,’ Trump said.

Danish Prime Minister Mette Frederiksen on Monday warned that Trump’s threats to annex Greenland could mean the end of NATO. Frederiksen told Danish broadcaster TV2 in an interview that Trump’s threats about Greenland should be taken seriously. Since then, several world leaders, including those hailing from NATO-allied countries, have expressed concern about Trump’s remarks on Greenland.

While there are no clear plans in the works for annexing Greenland, White House deputy chief of staff Stephen Miller insisted in a recent interview that ‘nobody’ would fight the U.S. over control of the island, Axios reported.

Fox News Digital’s Emma Bussey and Ashley Carnahan contributed to this report.


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Congressional Republicans aren’t warming up to using military action to take a long-sought prize of President Donald Trump: Greenland.

The colossal, resource-rich arctic island reentered the Trump administration’s orbit following the successful capture of former Venezuelan President Nicolás Maduro. 

Top officials, like White House deputy chief of staff of policy Stephen Miller, reiterated earlier this week it was the position of the U.S. government that ‘Greenland should be part of the United States.’ 

While the GOP has largely championed the Trump administration’s recent military action in Venezuela, lawmakers aren’t keen on replicating the same tactics to capture the Danish territory. 

President Donald Trump has not made a push for military action there, but White House press secretary Karoline Leavitt did not rule it out during a news briefing Tuesday.

‘All options are always on the table for President Trump as he examines what’s in the best interests of the United States,’ Leavitt said. ‘But I will just say that the president’s first option always has been diplomacy.’ 

Wednesday saw several Trump administration officials provide closed-door, classified briefings on both sides of the Capitol on the strikes, next steps and a possible exit strategy in Venezuela. 

Several Republicans would not say afterward whether the topic of Greenland came up in the meeting, and many reiterated that any military action would be taboo, given that the island is a territory of Denmark, a North Atlantic Treaty Organization (NATO) ally.

‘To invade Greenland and attack its sovereignty, a fellow NATO country, would be weapons-grade stupid,’ Sen. John Kennedy, R-La., told Fox News Digital. ‘President Trump is not weapons-grade stupid, nor is Marco Rubio.’

Miller’s comments triggered rebuttals from several of America’s European allies, who in a joint statement on Tuesday contended that Greenland ‘belongs to its people.’ 

Sen. Roger Marshall, R-Kan., wouldn’t say whether Greenland, broadly or as a next likely target, was discussed in the classified briefing.

But he told Fox News Digital that the massive island, which could fit California, Montana and Texas combined, had been on his mind. 

‘I think that Greenland would be a huge asset to America,’ Marshall said. 

‘I don’t want any military operation in Greenland,’ he continued. ‘There’s no criminals there that I know of. I think it’s apples and oranges. It could be very critical to our national security. Going forward, I hope that we can work out a deal with Denmark.’

Despite the overseas saber-rattling, Secretary of State Marco Rubio said after the briefing he would be meeting with officials from Denmark next week, and he noted that it has ‘always been the president’s intent from the very beginning’ to buy the ice-encased island. 

‘He said it very early on,’ Rubio said. ‘I mean, this is not new. He talked about it in his first term, and he’s not the first U.S. president that has examined or looked at how could we acquire Greenland. There’s an interest there.’

Sen. Rand Paul, R-Ky., is one of the few Republicans who has pushed back against the administration’s most recent strikes in Venezuela and previous strikes in the Caribbean against alleged drug boats. But he didn’t appear opposed to the notion of purchasing Greenland.

‘To acquire Greenland, the best way would be not to insult them,’ Paul said. ‘If I want to buy your country, I would think I would start out with flattery and not denigration.

‘I think Greenland would have to be encouraged to further their independence movement,’ he continued. ‘Then they would have to be encouraged that being part of the U.S. would have advantages. I think they would have to vote, basically, to become part of the United States.’

In the House of Representatives, a number of Republicans who spoke with Fox News Digital similarly said they recognized the security significance of Greenland but were hesitant when asked about the possibility of military force.

‘I understand the strategic importance,’ Rep. Kevin Kiley, R-Calif., told Fox News Digital. ‘I think (military force) is not an option in this case scenario.

‘The secretary of state has made it clear that the goal is to work with our ally toward a mutually agreeable solution.’

Rep. Derek Schmidt, R-Kan., said, ‘I don’t think we should use military force,’ adding ‘discussion’ about acquiring the territory ‘never hurts.’

‘Greenland is very important strategically,’ Schmidt said. ‘That’s not a uniquely American position, that’s a NATO position. Everybody recognizes that … but I think we need to work with our allies.’

Meanwhile, Rep. Don Bacon, R-Neb., was more critical of the prospect of U.S. ownership.

‘This is really dumb. Greenland and Denmark are our allies. There is no upside to demeaning our friends. But, it is causing wounds that will take time to heal,’ he wrote on X this week.


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Sen. Rick Scott, R-Fla., is predicting that the Cuban regime will fall, possibly in 2026 or 2027.

Scott had said during an appearance last year on ’60 Minutes’ that Venezuelan leader Nicolás Maduro’s days were ‘numbered,’ predicting that ‘whether it’s internal or external,’ something would ‘happen.’ 

He also predicted that the removal of Maduro would ‘be the end of Cuba.’

So far, the first part of the senator’s prediction has been fulfilled, as the U.S. captured Venezuelan dictator Nicolás Maduro and extradited him to New York last week. 

Scott stood by his prognostication during a Tuesday appearance on NewsNation, forecasting that the end of the ‘Díaz-Canel regime’ will ‘happen.’

‘Everything takes longer than you think,’ Scott said, noting that he thinks the Cuban regime will probably fall ‘maybe this year, maybe next year.’

‘So who knows when it’s gonna happen. But we’re gonna get democracy,’ Scott said.

President Donald Trump said during a Sunday gaggle aboard Air Force One that ‘Cuba is ready to fall.’


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Copper prices climbed to a fresh record on Tuesday (January 6), as persistent supply disruptions and trade uncertainty capped a nearly 30 percent rally since October.

Benchmark three‑month copper on the London Metal Exchange (LME) rose as much as 3.1 percent in early trading to an all‑time high of US$13,387.50 per metric ton, before settling slightly lower but still above US$13,200.

The jump marks another milestone in a rally that first saw the price breach US$12,000 late in December last year.

Copper is widely used across the industrial economy, from construction and power infrastructure to electric vehicles and data centers that support artificial intelligence growth.

Analysts attribute the gains to a combination of production setbacks at major mines and heightened concerns that prospective US trade tariffs could further disrupt flows.

Large operations such as Freeport-McMoRan (NYSE:FCX)’s Grasberg complex in Indonesia have faced challenges since last year, while a strike at Capstone Copper (TSX:CS,OTC Pink:CSCCF,OTC:CSCCF)’s Mantoverde mine in Chile has reduced output prospects in one of the world’s top copper‑producing nations.

The prospect of new tariffs under the Trump administration has also shaped expectations. Traders have moved to ship refined copper into the US ahead of any potential levies, tightening supply elsewhere.

Furthermore, data show copper stocks in US Comex warehouses have jumped to more than 450,000 metric tons, well above last year’s levels.

Copper outlook for 2026

Market watchers expect many of the forces that drove prices through 2025 to persist.

Supply constraints are expected to remain acute this year as aging mines and capacity shortfalls weigh on availability. New projects such as Arizona Sonoran Copper Company (TSX:ASCU,OTC:ASCUF)’s Cactus project and the long‑anticipated Resolution mine in the US are still years from significant output.

“A huge amount of this tightness has to do with US tariff concerns,” she said, noting that US inventory has climbed to roughly 750,000 metric tons.

China, the world’s largest copper consumer, is also shaping the outlook. Despite weakness in its property sector, the country posted economic growth and is expected to prioritize copper‑intensive sectors under its new five‑year plan.

Longer‑term projections from industry groups suggest structural demand growth will outpace supply additions. A UN report estimates copper demand could rise 40 percent by 2040, requiring substantial investment and new mines just to keep pace.

Likewise, Wood Mackenzie forecasts copper demand increasing 24 percent by 2035, while the International Copper Study Group predicts a refined copper deficit of 150,000 metric tons in 2026 alone.

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

This post appeared first on investingnews.com

Sen. Lindsey Graham, R-S.C., warned Iran’s leader that President Donald Trump will ‘kill’ him if the Iranian regime continues to kill protesters in the country.

Graham made the stark threat during a Tuesday night appearance on Fox News, referencing the anti-regime protests raging in Iran. As of Wednesday, at least 36 people have been killed and more than 2,000 have been detained in the unrest.

‘To the people of Iran: We stand with you tonight,’ Graham told host Sean Hannity. ‘We stand for you taking back your country from the Ayatollah, a religious Nazi who kills you and terrorizes the world.’

‘And to the Ayatollah: You need to understand, if you keep killing your people who are demanding a better life, Donald J. Trump is gonna kill you,’ he continued.

‘Help is on the way,’ he added in a message for Iranian citizens.

Graham’s comments come amid a heated back-and-forth between Trump and the ayatollah’s regime.

The president wrote on Truth Social, ‘If Iran shoots [sic] and violently kills peaceful protesters, which is their custom, the United States of America will come to their rescue. We are locked and loaded and ready to go.’

Trump’s warning took on a new meaning for Iran following the historic U.S. mission in Venezuela that led to the capture and extradition of Nicolás Maduro and his wife, Cilia Flores.

The head of Iran’s military threatened preemptive action in response to Trump’s ‘rhetoric’ on Tuesday. Maj. Gen. Amir Hatami made the threat while speaking to military academy students, saying, ‘The Islamic Republic considers the intensification of such rhetoric against the Iranian nation as a threat and will not leave its continuation without a response.’

‘I can say with confidence that today the readiness of Iran’s armed forces is far greater than before the war. If the enemy commits an error, it will face a more decisive response, and we will cut off the hand of any aggressor,’ he continued.


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Solvonis Therapeutics plc (LSE: SVNS), an emerging biopharmaceutical company developing novel medicines for high-burden central nervous system (‘CNS’) disorders, announces that it has received a Notice of Allowance (the ‘Allowance’) from the United States Patent and Trademark Office (‘USPTO’) for a series of compounds within its proprietary SVN-SDN-14 Post-Traumatic Stress Disorder (‘PTSD’) discovery programme. One compound from this series is currently being evaluated alongside other candidates, with a lead compound expected to be selected in Q1 2026 in line with prior guidance.

The Allowance strengthens the intellectual property foundations of SVN-SDN-14 at an important stage as the programme advances toward lead-candidate selection. In addition to this IP milestone, the Company is highlighting the scientific significance of the newly protected compounds in addressing long-standing challenges in the development of next-generation PTSD therapeutics.

Scientific significance

SVN-SDN-14 is focused on developing serotonin (‘SERT’), dopamine (‘DAT’) and noradrenaline (‘NET’) modulators designed to support pro-social engagement and improve the effectiveness of psychological therapy in PTSD.

While balanced modulation of these pathways is increasingly recognised as therapeutically valuable, translating this biology into a practical medicine has historically been difficult. Key challenges have included controlling duration of action, managing variability between patients, and ensuring compatibility with scalable, real-world clinical use.

The newly allowed patent covers a novel chemical series designed to retain the core SERT, DAT and NET activity underpinning the programme, while introducing greater pharmacological control through predictable metabolic deactivation. This approach is intended to maintain therapeutic effects while improving dosing flexibility, safety margins and overall suitability for clinical use.

In allowing the claims, the USPTO examiner concluded that no existing patents or publications disclosed or suggested the claimed compounds, confirming the novelty of the approach.

Professor David Nutt, Chief Scientific Officer of Solvonis, commented: ‘These compounds are scientifically exciting because they address a long-standing challenge in this field. They are designed to preserve the monoaminergic profile that supports positive social engagement in therapy, while introducing a level of pharmacokinetic control that has historically been difficult to achieve. This increases our confidence that the core biology of SVN-SDN-14 can be translated into a medicine that is practical to develop, regulate and ultimately deploy.’

Anthony Tennyson, Chief Executive Officer of Solvonis, added: ‘This patent allowance strengthens both the scientific and commercial foundations of our PTSD programme. It reflects our strategy of combining rigorous neuroscience with disciplined medicinal chemistry to build differentiated, scalable CNS therapeutics.’

Enquiries:

Solvonis Therapeutics plc

Via Walbrook

Anthony Tennyson, CEO & Executive Director

Singer Capital Markets (Broker)

+44 (0) 20 7496 3000

Phil Davies

Walbrook PR (PR/IR advisers)

Tel: +44 (0)20 7933 8780 or solvonistherapeutics@walbrookpr.com

Anna Dunphy

Mob: +44 (0)7876 741 001

Lianne Applegarth

Mob: +44 (0)7584 391 303

Rachel Broad

Mob: +44 (0)7747 515 393

About Solvonis Therapeutics plc

Solvonis Therapeutics plc (LSE: SVNS) is an emerging biopharmaceutical company developing novel small-molecule therapeutics for high-burden central nervous system (CNS) disorders. Headquartered in London and listed on the main market of the London Stock Exchange, Solvonis is advancing a differentiated pipeline of repurposed and novel compounds across addiction, psychiatry, and neurology.

The Company’s lead programmes address Alcohol Use Disorder (AUD) and Post-Traumatic Stress Disorder (PTSD), with additional discovery work supporting expansion into broader CNS indications. Its lead asset, SVN-001, is currently in Phase 3 for severe AUD in the UK, while SVN-002 is preparing for a Phase 2b trial in the US targeting moderate-to-severe AUD. The preclinical PTSD programme (SVN-SDN-14) leverages novel serotonin-dopamine modulators designed to enhance pro-social behaviour and long-term outcomes.

In parallel, Solvonis is advancing proprietary CNS discovery programmes built on a dedicated compound library to identify new small-molecule modulators of key neurotransmitter systems. This platform enables efficient early-stage innovation and supports the Company’s integrated approach to developing therapies across its three strategic pillars.

With a capital-efficient model, dual development strategy, and near-term partnering opportunities, Solvonis is positioned to deliver sustained value through innovation in CNS therapeutics.

solvonis.com | LinkedIn | X (Twitter)

Source

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TORONTO, ON / ACCESS Newswire / January 7, 2026 / NextSource Materials Inc. (TSX:NEXT,OTC:NSRCF) (‘NextSource’ or the ‘Company’) is pleased to announce that the first shipment of equipment for its proposed Battery Anode Facility (‘BAF’) has arrived in Abu Dhabi in the United Arab Emirates (‘UAE’), marking a significant milestone in advancing the Company’s downstream value‑add strategy.

The shipment consists of long‑lead items for anode processing which the Company has previously procured. The procurement of key processing equipment and delivery of these components are critical in demonstrating the Company’s proactive approach and ability to deliver, ensuring that key equipment is secured ahead of installation and commissioning.

The equipment will be installed in the pre‑existing industrial building selected by the Company within the Industrial City of Abu Dhabi (‘ICAD’). The availability of this ready‑to‑use facility provides a substantial schedule advantage by minimizing the need for extensive construction, allowing the Company to focus capital and time on process installation and operational readiness.

The Company also reports significant progress in the Front‑End Engineering and Design (‘FEED’) phase. The FEED work has now progressed to schematic design, providing further definition on plant design, capital requirements, and execution planning. This growing level of technical and cost certainty will form a key input into the Final Investment Decision (‘FID’). Following a successful FID, the Company will proceed with full equipment procurement, installation, commissioning, and ramp‑up in accordance with its phased development plan.

Hanré Rossouw, President and CEO of NextSource, commented:

‘The arrival of long-lead equipment in Abu Dhabi is a tangible demonstration of continued progress on our Battery Anode Facility. Securing these items proves logistical supply chains into the UAE. With the ICAD building secured, we are strengthening the foundations for a disciplined and efficient development phase.’

About NextSource Materials Inc.

NextSource Materials Inc. is a battery materials company based in Toronto, Canada that is intent on becoming a vertically integrated global supplier of battery materials through the mining and value-added processing of graphite and other minerals.

The Company’s Molo graphite project in Madagascar is one of the largest known and highest-quality graphite resources globally, and the only one with SuperFlake® graphite. The Molo mine has begun production through Phase 1 mine operations.

The Company is also developing a significant downstream graphite value-add business through the staged rollout of Battery Anode Facilities (BAF) capable of large-scale production of coated, spheronized and purified graphite for direct delivery to battery and automotive customers, in a fully transparent and traceable manner. The Company is now in the process of developing its first BAF in the UAE.

NextSource Materials is listed on the Toronto Stock Exchange under the symbol ‘NEXT’ and on the OTCQB under the symbol ‘NSRCF’.

For further information about NextSource Materials, please visit our website at www.nextsourcematerials.com or contact us at +1.416.364.4911 or email Brent Nykoliation, Executive Vice President at brent@nextsourcematerials.com.

Safe Harbour: This press release contains statements that may constitute ‘forward-looking information’ or ‘forward-looking statements’ within the meaning of applicable Canadian and United States securities legislation. Readers are cautioned not to place undue reliance on forward-looking information or statements. Forward looking statements and information are frequently characterized by words such as ‘plan’, ‘expect’, ‘project’, ‘intend’, ‘believe’, ‘anticipate’, ‘estimate’, ‘potential’, ‘possible’ and other similar words, or statements that certain events or conditions ‘may’, ‘will’, ‘could’, ‘expected’ or ‘should’ occur. Forward-looking statements include any statements regarding, among others, timing of construction and completion of the BAF and proposed timing of future locations of additional BAFs, timing and completion of front-end engineering and design and ESIA permitting, the economic results of the BAF Technical Study including capital costs estimates, operating costs estimates, payback, NPV, IRR, production, sales pricing and working capital estimates, the construction and potential expansion of the BAFs, expansion plans, as well as the Company’s intent on becoming a fully integrated global supplier of critical battery and technology materials. These statements are based on current expectations, estimates and assumptions that involve a number of risks, which could cause actual results to vary and, in some instances, to differ materially from those anticipated by the Company and described in the forward-looking statements contained in this press release. No assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur or, if any of them do so, what benefits the Company will derive there from. The forward-looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the forward-looking statements, whether because of new information, future events or otherwise, except as may be required by applicable securities laws. Although the forward-looking statements contained in this news release are based on what management believes are reasonable assumptions, the Company cannot assure investors that actual results will be consistent with them. These forward-looking statements are made as of the date of this news release and are expressly qualified in their entirety by this cautionary statement. Subject to applicable securities laws, the Company does not assume any obligation to update or revise the forward-looking statements contained herein to reflect events or circumstances occurring after the date of this news release.

SOURCE: NextSource Materials Inc.

View the original press release on ACCESS Newswire

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Investor Insight

As demand for copper continues to rise, driven by global electrification trends, Los Andes Copper is well-placed to leverage its significant copper position in Chile, driven at the helm by a group of highly experienced technical and business leaders.

Overview

The global electrification trend is driving strong growth in copper demand, with experts expecting copper markets to remain in deficit through 2026 due to supply constraints and rising demand for electrification, supporting a bullish medium-term price outlook.

Against this backdrop, Los Andes Copper (TSXV:LA;OTCQX:LSANF) is advancing its 100 percent-owned Vizcachitas copper-molybdenum project in Chile, one of the largest undeveloped copper assets not controlled by a major mining company. Led by an experienced management team, the company is strategically positioned to play a meaningful role in supplying copper to a rapidly electrifying global economy.

Los Andes Copper Project Locations

The company filed a positive pre-feasibility study in 2023 indicating US$2.78 billion after-tax net present value (NPV) using an 8 percent discount rate and an internal rate of return (IRR) of 24.2 percent at US$3.68/lb copper, US$12.90/lb molybdenum and US$21.79/oz silver, with an estimated initial capital cost of US$2.44 billion. The PFS also highlighted a construction period of 3.25 years and a payback period of 2.5 years from the initial production date.

The company expanded its land package by obtaining first-priority exploration claims over new areas within and adjacent to the current property boundaries for the Vizcachitas copper project.

The claims cover an 18 sq km block within the current property boundary, and another 7 sq km block adjacent to the north-east corner of the property boundary.

Los Andes Copper

The Vizcachitas project, including the claim blocks they added in April 2025 is surrounded by mining majors

Los Andes works closely with the local community to support the development of local businesses and social organizations. The company has joined the Association of Small Miners of Putaendo and has established several programs to support social organizations, local technical high schools and female entrepreneurs. Los Andes is also environmentally aware and strives to maintain an excellent ESG rating.

The company’s management team is experienced in the natural resources industry, including experts in geology, community affairs, and corporate finance.

Company Highlights

  • World-Class Copper Developer: Los Andes Copper is advancing the Vizcachitas Copper Project in Chile, the largest advanced copper project in the Americas, wholly owned by a junior miner, with exceptional blue-sky exploration upside.
  • Strong Financial Support: The company has secured US$34 million in strategic investment, including US$14 million from Queen’s Road Capital and US$20 million from Ecora Resources, to support ongoing development.
  • Robust Resource & Reserve Base: Vizcachitas hosts 11 billion lbs CuEq Initial Reserves, plus 15 billion lbs CuEq measured and indicated resources and 15 billion lbs CuEq Inferred Resources (resources inclusive of reserves).
  • Compelling Project Economics: The 2023 Pre-Feasibility Study outlines strong economics with a post-tax NPV₈ of US$2.78 billion and 24 percent IRR at US$3.68/lb copper, increasing to a post-tax NPV₈ of US$4.5 billion and 32 percent IRR at US$4.50/lb copper.
  • Tier-1 Mining Jurisdiction: Located in Chile’s premier copper belt and surrounded by which hosts four of the world’s largest copper mines, there is access to excellent infrastructure and operational advantages.
  • 100 Percent Ownership & Strategic Flexibility: The project is fully owned with no strategic encumbrances, providing maximum optionality for development or partnership.
  • ESG & Community Focus: The company maintains a strong ESG profile, working closely with local communities while minimizing environmental impact throughout project development.
  • Experienced Leadership: Led by a highly experienced management team with deep technical, operational, and capital markets expertise across the mining industry.

Key Project

Vizcachitas Copper Project

Los Andes Copper

The 100-percent-owned Chilean Vizcachitas copper project is one of the largest advanced copper deposits in the Americas and the largest deposit owned 100 percent by a junior miner. The project is located in the Rio Rocin Valley, roughly 150 kilometers northeast of Santiago.

Project Highlights:

  • Strong Existing Infrastructure: The project is accessed by a 124-kilometer paved highway, a nearby railway and shipping ports. Due to the presence of existing copper mines, smelting facilities are accessible by railway. Additionally, there are multiple large power substations near the project.
Los Andes Copper
  • Strong Project Economics: The Vizcachitas Project boasts an after-tax NPV of US$2.78 billion (8 percent discount rate) and an impressive internal rate of return (IRR) of 24.2 percent at metal prices of US$3.68/lb copper, US$12.90/lb molybdenum, and US$21.79/oz silver. Initial capital expenditure is estimated at US$2.44 billion.
  • Efficient Development Timeline: The project is expected to have a construction period of 3.25 years and a rapid payback period of just 2.5 years from the start of production.
  • Robust Resource Base:
    • Measured Resources: 2.61 billion lbs copper, 84 million lbs molybdenum, and 11 million oz silver.
    • Indicated Resources: 10.42 billion lbs copper, 442 million lbs molybdenum, and 43 million oz silver.
    • Inferred Resources: Increased by 130 percent to 15.4 billion lbs CuEq (including 13.75 billion lbs copper, 495 million lbs molybdenum, and 55 million oz silver).
Los Andes

Los Andes Copper plans to commence commercial operations in 2031. With a sustainable design, low water and power use and a minimal footprint, Vizcachitas is positioned to rival Chile’s top copper operations.

Management Team

Santiago Montt – CEO

With 11 years of experience in the mining sector, Santiago Montt has a law degree from the University of Chile, a J.S.D. law degree (PhD) from Yale University, and a Master’s in Public Policy from Princeton University. He has worked for BHP from 2011 to 2021 in various roles: vice-president of corporate affairs for the Americas, VP of ligation (Global), VP of legal Brazil, and VP of legal copper. He is an experienced professional in the areas of stakeholder management, risk management, crisis management, project management and commercial and legal affairs.

Manuel Matta – Senior Mining and Project Consultant

Manuel Matta is a mining engineer from the University of Chile, with more than 30 years of experience in operations, planning and projects. He worked for Falconbridge and Xstrata as vice-president of projects and development where he led the expansion of the Collahuasi mine. He was also the general manager of Altonorte Smelter in Chile. Matta also worked for Barrick Gold in Chile and the Dominican Republic and was the general manager of Las Cenizas copper mines in Chile.

Antony Amberg – Chief Geologist

Anthony Amber is a chartered geologist with 32 years of diverse experience working in Asia, Africa, and South America. Amberg is a qualified person under NI 43-101. He has managed various exploration projects ranging from grassroots through to JORC-compliant feasibility studies. In 2001, he returned to Chile, where he started a geological consulting firm specializing in project evaluation and NI 43-101 technical reports. He began his career in 1986 working with Anglo American in South Africa before moving on to work for the likes of Severin-Southern Sphere, Bema Gold, Rio Tinto and Kazakhstan Minerals Corporation.

Ignacio Melero – Director of Corporate Affairs and Sustainability

Ignacio Melero is a lawyer with a degree from Pontificia Universidad Católica de Chile with vast experience in corporate and community affairs. Before Los Andes, Ignacio was responsible for community affairs at CMPC, having managed community and stakeholder affairs for a number of its pulp and forestry divisions throughout the country. Ignacio has worked for the Government of Chile, in the Ministry General Secretariat of the Presidency. He was responsible for the inter-ministerial coordination of the ChileAtiende project, a multi-service network linking communities, regional governments and public services.

Harry Nijjar – Chief Financial Officer

Harry Nijjar holds a CPA CMA designation from the Chartered Professional Accountants of British Columbia and a Bachelor of Commerce from the University of British Columbia. He is a managing director of Malaspina Consultants. Nijjar has been working with public and private companies for the past 10 years in various roles. He is also currently the CFO of Darien Business Development and Clarmin Explorations.

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The Trump administration is taking aim at ultra-processed foods while reversing long-held U.S. government stances on red meat and saturated fats.

‘The Trump administration is now updating federal nutrition standards and guidelines to ensure that Americans have the most accurate, data-driven information supported by science and hard facts, not special interests or partisan ideology,’ White House Press Secretary Karoline Leavitt told reporters.

Leavitt said that the guidelines would impact what is served in public schools, what American servicemembers eat and what food is distributed through government programs.

‘Faulty dietary guidelines of the past stack the deck against healthy eating and food options for everyday American families, which has fueled the chronic disease epidemic and jacked up the health care costs of households across the country,’ Leavitt added. ‘When these guidelines are followed, Americans will be saving themselves thousands of dollars. If we want to cut health care costs in our country, we must become a healthier country… A healthier America will lead to a more affordable America.’

The Department of Health and Human Services (HHS) announced the new guidelines with an updated, inverted food pyramid. The top of the pyramid, which is now the wider part of the structure, is built on meat, fats, fruits and vegetables, while whole grains are at the narrow bottom.

HHS Secretary Robert F. Kennedy Jr. has made overhauling the U.S. food supply a crucial focus of his ‘Make America Healthy Again’ (MAHA) agenda, which is aimed at addressing chronic disease and childhood illnesses. The secretary has argued that the nation’s food practices have harmed Americans and led to skyrocketing healthcare costs.

‘The new guidelines recognize that whole, nutrient-dense food is the most effective path to better health and lower health care costs,’ Kennedy said. ‘Protein and healthy fats are essential, and were wrongly discouraged in prior dietary guidelines. We are ending the war on saturated fats.’

The HHS secretary railed against refined carbohydrates, food additives and added sugar, highlighting the health risks associated with sugar-sweetened beverages. Kennedy’s main message to Americans was to ‘eat real food.’

Kennedy framed the issue as not only one about health, but also one of national security.

‘If a foreign adversary sought to destroy the health of our children, cripple our economy, to weaken our national security, there would be no better strategy than to addict us to ultra-processed foods,’ he said.

Agriculture Secretary Brooke Rollins also joined the briefing. She praised Secretary Kennedy’s work and highlighted the role that farmers would play in making America healthy again.

‘We are finally putting real food back at the center of the American diet. Real food that nourishes the body, restores health, fuels energy and builds strength,’ Rollins said. ‘This pivot also leans into the abundant, affordable and healthy food supply already available from America’s incredible farmers and ranchers. By making milk, raising cattle, and growing wholesome fruits, vegetables, and grains, they hold the key to solving our national health crisis.’

FDA Commissioner Dr. Marty Makary emphasized the harm that old guidelines did to the health of everyday Americans. He noted that protein guidelines in particular were far too low for America’s children.

‘We have 40% of our kids now with a chronic disease. It is not their fault. This is something that is the result of bad advice from the government and a medical establishment that for decades peddled research from a flawed 1960s model,’ Makary said. ‘This is not a willpower problem for our nation’s kids. This is something adults have done to kids, and we’re going to fix it.’

Makary agreed with Centers for Medicare & Medicaid Services Administrator Dr. Mehmet Oz that the best way for the U.S. to reduce drug spending is for Americans to focus on diet and health with the goal of not taking medications that they do not need.

The new guidance comes in stark contrast to the Dietary Guidelines Advisory Committee’s report released in the final days of President Joe Biden’s term, which garnered criticism over a lack of directives on ultra-processed foods.

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


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