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Osisko Metals Incorporated (the ‘Company’ or ‘Osisko Metals’)  (TSX: OM,OTC:OMZNF; OTCQX: OMZNF; FRANKFURT: 0B51) is pleased to announce the appointment of Jeff Hussey, P.Geo., as Chief Operating Officer of the Company effective immediately.

Mr. Hussey, P.Geo., has over 40 years of professional experience in the exploration and mining industries. He has worked in both open pit and underground operations at various stages of mine life, from start-up to mine closure. Mr. Hussey has a Bachelor of Science in Geology from the University of New Brunswick.

Jeff has been a director of the Company since 2017 and has held various management positions with Osisko Metals, most recently as CEO of the Company’s subsidiary Pine Point Mining Limited. Jeff has resigned as a member of Osisko Metals’ board of directors and will continue to support Pine Point Mining Limited, in addition to his role as COO of the Company, focusing on all technical aspects of developing the design concept for the Gaspé Copper project during the economic evaluation, permitting, and startup phases.

Robert Wares, Chief Executive Officer of Osisko Metals, stated: ‘We are pleased to have Jeff rejoin the management team as the Company advances its flagship Gaspé Copper Project.’

About Osisko Metals
Osisko Metals Incorporated is a Canadian exploration and development company creating value in the critical metals sector, with a focus on copper and zinc. The Company acquired a 100% interest in the past-producing Gaspé Copper mine from Glencore Canada Corporation in July 2023. The Gaspé Copper mine is located near Murdochville in Québec‘s Gaspé Peninsula. The Company is currently focused on resource expansion of the Gaspé Copper system, with current Indicated Mineral Resources of 824 Mt averaging 0.34% CuEq and Inferred Mineral Resources of 670 Mt averaging 0.38% CuEq (in compliance with NI 43-101). For more information, see Osisko Metals’ November 14, 2024 news release entitled ‘Osisko Metals Announces Significant Increase in Mineral Resource at Gaspé Copper’. Gaspé Copper hosts the largest undeveloped copper resource in eastern North America, strategically located near existing infrastructure in the mining-friendly province of Québec.

In addition to the Gaspé Copper project, the Company is working with Appian Capital Advisory LLP through the Pine Point Mining Limited joint venture to advance one of Canada‘s largest past-producing zinc mining camps, the Pine Point project, located in the Northwest Territories. The current mineral resource estimate for the Pine Point project consists of Indicated Mineral Resources of 49.5 Mt averaging 5.52% ZnEq and Inferred Mineral Resources of 8.3 Mt averaging 5.64% ZnEq (in compliance with NI 43-101). For more information, see Osisko Metals‘ June 25, 2024, news release entitled ‘Osisko Metals releases Pine Point mineral resource estimate: 49.5 million tonnes of indicated resources at 5.52% ZnEq’. The Pine Point project is located on the south shore of Great Slave Lake, NWT, close to infrastructure, with paved road access, an electrical substation and 100 kilometres of viable haul roads.

For further information on this news release, visit www.osiskometals.com or contact:
Don Njegovan, President
Email: info@osiskometals.com
Phone: 416-500-4129

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News Provided by GlobeNewswire via QuoteMedia

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Sen. Tim Kaine, D-Va., wants Congress to take a more active role as a check on the Trump administration’s use of military force following the surprise weekend operation in Venezuela, and he plans to force a vote on legislation that would halt further military action in the country without lawmakers’ approval.

Kaine joined a chorus of congressional Democrats who were frustrated at President Donald Trump’s decision to strike Venezuela’s capital of Caracas, and subsequent capture of Venezuelan President Nicolás Maduro and his wife without oversight or approval from Congress.

Congressional Democrats have long been frustrated at Congress’ diminished role in decision-making since Trump took office last year, particularly over continued strikes in the Caribbean ahead of Operation Absolute Resolve on Saturday.

Kaine argued on a call with reporters that Congress has the constitutional authority to weigh in on military action and was frustrated throughout Trump’s second term that the check and balance was being bowled over.

‘It’s time for Congress to get its a– off the couch and do what the Constitution mandates that we do — the Constitution we take an oath to,’ Kaine said over the weekend. ‘We have to put this before the American people, not just in private settings, but in public hearings by the key oversight committees, Intelligence, Armed Services, Foreign Relations in both houses, and explore whether the United States should enter into yet another war with unforeseen consequences.’

Kaine again plans to bring a war powers resolution for a vote in the Senate, which is expected to come to the floor this week.

It’s not the first time he has tried to reassert Congress’ authority when it comes to the administration’s use of military action. Kaine earlier this year forced a vote on a war powers resolution following Trump’s strike on Iranian nuclear facilities. That resolution failed on a largely party-line vote, save for Sen. Rand Paul, R-Ky., who joined all Senate Democrats in support.

The Virginia Democrat’s latest effort would prevent further military action in Venezuela without congressional approval.

Senate Minority Leader Chuck Schumer, D-N.Y., who is a co-sponsor on the latest war powers resolution along with Kaine and Paul, said he would ensure the measure would get ‘adequate floor time so we could debate and discuss this.’

Schumer is also pushing for hearings to investigate the strikes and capture of Maduro and noted that he spoke with top Democrats on several committees who contended their Republican colleagues ‘have expressed a lot of troublesome comments about what Trump is doing and the way he is doing it.’

‘We’re going to be pushing our Republican colleagues to stand up for the American people, to get this done,’ Schumer said. ‘Congress should not be sidelined as the Trump administration gets sucked into another nation-building quagmire, and we’re going to hold them accountable, protect American lives, to protect America’s interests.’

Another issue that many congressional Democrats have is that lawmakers weren’t notified of the strikes until after the fact. Secretary of State Marco Rubio argued over the weekend that it would have been risky to notify lawmakers in advance given the sensitive nature of the operation. Trump charged that Congress was kept in the dark because lawmakers leak. 

Senate Majority Leader John Thune, R-S.D., who didn’t receive notification of the operation until afterward, said that he was ‘comfortable’ with the timing. 

‘They didn’t tell me ahead of time,’ Thune said. ‘But I think there’s a reason why, like I said, before notification of Congress in advance of really critical and hypersensitive missions, to me, seems ill-advised anyway.’


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Former President Joe Biden could be pulling in a hefty, taxpayer-funded pension — stemming from his expansive career as a federal employee, according to a new report. 

The National Taxpayer Union Foundation estimates that Biden could be collecting up to a $417,000 pension — more than he was making a year as president, and more than previous presidents — as a result of collecting pensions from several retirement programs he qualifies for after starting his career in Washington in the 1970s. 

‘It’s pretty unusual, historically unusual, to have such a large pension amount,’ National Taxpayer Union Foundation President Demian Brady told the New York Post. 

The estimate comes from Biden’s long-term career in politics, meaning he has the capability to receive benefits under the Former President’s Act of 1958, and retirement benefits from the Civil Service Retirement System for his time as a senator and vice president.

The Former President’s Act of 1958 stipulates that presidential pensions are equal to the salaries Cabinet secretaries receive, which is currently set at $250,600. Additionally, Biden could be eligible for up to $166,374 for his time as a senator and vice president under the Civil Service Retirement System, Brady told the Post. 

Still, it’s unclear if Biden will actually cash in on all of those benefits. A spokesperson for Biden did not immediately respond to a request for comment from Fox News Digital.

Biden launched his career as a U.S. senator in 1972, and served as former President Barack Obama’s vice president for eight years starting in 2009. He earned $400,000 a year annually while president. 

The National Taxpayer Union Foundation did not immediately respond to a request for comment from Fox News Digital. 

Meanwhile, efforts are underway in Congress to curb how much former presidents can rake in once they leave office. For example, Sen. Joni Ernst, R-Iowa, reintroduced the Presidential Allowance Modernization Act in 2025, whichwould cap presidential pensions at $200,000The legislation was referred to the Senate Homeland Security and Governmental Affairs Committee. 

Past initiatives to rein in presidential pensions have failed. Obama ultimately vetoed a similar piece of legislation that Congress backed in 2016 just before he was set to leave the White House. 


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A Florida Republican is arguing that Democrats’ largely negative response to the U.S. government’s operation in Venezuela is the ‘definition of Trump Derangement Syndrome.’

Rep. Mike Haridopolos, R-Fla., represents a part of Florida that includes a significant chunk of the state’s central coastline.

‘It doesn’t take much research to find speech after speech of Democrat House members and Senate members who said that this guy is a bad guy, he should be taken out of power,’ Haridopolos told Fox News Digital.

‘Sometimes in politics, you’ve just got to say to the other side, politically, ‘Hey, we’re all Americans. This is in the best interest, clearly, of the United States.’ But they’re in a position where they’re so afraid of a Democrat primary that they will say anything to avoid having the extreme left attack them.’

He pointed out that it was the previous Democratic commander-in-chief, President Joe Biden, who raised the federal government’s bounty for Maduro’s capture to $25 million.

‘What did they expect was then going to happen? You think this guy was just going to voluntarily give up? He clearly was not. He was getting into bed with the Cubans, the Russians, the Chinese, the Iranians, even Hezbollah, as I understand. I mean, this guy was trying to create a group of enemies in an oil-rich state at our footstep,’ Haridopolos said.

Democrats and Republicans have been largely divided in their responses to the strikes in Venezuela.

Lawmakers on the left have mostly criticized the president and his officials, accusing them of illegal actions that ran afoul of the U.S. Constitution. Some progressives have even said Trump could be guilty of impeachable offenses.

The majority of GOP lawmakers praised Trump’s move as a necessary law enforcement action to get rid of a hostile actor threatening both the U.S. and the region writ large.

Haridopolos is no different, pointing out that the operation was carried out with no U.S. fatalities and relatively few among Maduro supporters in Venezuela.

He said his district is home to a number of Venezuelan refugees who were elated by President Donald Trump’s decision to strike Caracas and capture Venezuelan President Nicolás Maduro.

‘I have a large population of Venezuelans within my community, and they are absolutely overjoyed,’ the congressman said. ‘They were in essence kicked out of their own country or fled through fear … because they lost their ability to make a living, or they were being terrorized by the government because they were anti-Maduro.’

Following the U.S. strikes, Maduro and his wife were both taken to New York City, where they will be prosecuted by the U.S. Attorney’s Office in the Southern District of New York.

Maduro pleaded not guilty during his first court appearance on Monday.


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President Donald Trump flipped the script on Democrats’ ‘no one is above the law’ mantra after years of hearing it aimed at him, invoking the phrase after news broke Minnesota Democratic Gov. Tim Walz would not seek re-election as a sweeping fraud scandal rocks his state.

‘Governor Walz has destroyed the State of Minnesota, but others, like Governor Gavin Newscum, JB Pritzker, and Kathy Hochul, have done, in my opinion, an even more dishonest and incompetent job. NO ONE IS ABOVE THE LAW!’ Trump posted to Truth Social Monday afternoon. 

The message followed Walz announcing Monday that he was withdrawing his re-election effort to continue serving as governor. Walz was first elected the state’s top leader in 2018 in a political career that also included him campaigning coast-to-coast in 2024 as former Vice President Kamala Harris’ running mate. 

‘As I reflected on this moment with my family and my team over the holidays, I came to the conclusion that I can’t give a political campaign my all,’ Walz wrote in a statement. ‘Every minute I spend defending my own political interests would be a minute I can’t spend defending the people of Minnesota against the criminals who prey on our generosity and the cynics who prey on our differences.’

Minnesota has come under fierce scrutiny in recent weeks as a sprawling fraud scandal that has led to dozens of arrests, mostly from the state’s large Somali community, since 2022 comes to light. Minnesota was allegedly home to a massive COVID-era scheme that allegedly involved money laundering operations related to fraudulent meal and housing programs, daycare centers and Medicaid services, according to investigators. 

The Minnesota fraud is still being tabulated, with local officials speculating it could exceed $1 billion and rise to as high as $9 billion.

Trump’s use of the phrase ‘no one is above the law’ follows years of Democrats employing the same rhetoric against him as he faced a barrage of charges and court cases in between his first and second administrations. 

‘No one is above the law,’ President Joe Biden said after Trump was found guilty on 34 counts of falsified business records in a Manhattan court in May 2024. 

Trump faced four criminal indictments, which resulted in accusations of ‘lawfare’ on the national stage as Trump maintained his innocence and slammed the cases as efforts by the Democratic Party to hurt his political chances for re-election in 2024. 

‘As I’ve said before, no one is above the law, including Donald Trump,’ then-Senate Majority Leader Chuck Schumer, D-N.Y., said in 2023 after the Biden administration’s Department of Justice announced Trump had been indicted on 37 counts related to his alleged mishandling of classified documents.

Even during Trump’s first administration, Democrats championed the phrase as they combated MAGA Republicans and Trump policies. 

‘Everybody wants the president to be held accountable in the most serious way,’ House Speaker Nancy Pelosi said of Trump in 2019 amid a discussion at the Commonwealth Club in San Francisco, underscoring that Democrats believe ‘no one is above the law.’ ‘And everybody believes, now I’m talking on the Democratic side, that no one is above the law, especially the president of the United States.’

‘We must be clear: no one, not even the president, is above the law,’ Rep. Jerrold Nadler, D-N.Y., said in a statement in 2019 when introducing articles of impeachment against Trump. 

Upon his victory over the Harris–Walz presidential ticket in 2024, Trump has taken a victory lap for allegedly snuffing out the weaponization of government. 

‘We have ended weaponized government, where, as an example, a sitting president is allowed to viciously prosecute his political opponent, like me. How did that work out?’ he said during his joint address to Congress in 2025. ‘Not too good. Not too good.’ 

Trump added in his Monday Truth Social post that ‘Minnesota’s Corrupt Governor will possibly leave office before his Term is up,’ and that he’s confident the fraud investigations ‘will reveal a seriously unscrupulous, and rich, group of ‘SLIMEBALLS.”

White House spokeswoman Abigail Jackson added in comment to Fox Digital on Monday afternoon when asked about the Truth Social post: ‘It shouldn’t take an education from the Quality Learing Center for Democrats to understand this: Tim Walz and his Somali friends have been caught ripping off hardworking Minnesota taxpayers and now they will face the consequences. President Trump is right, no one is above the law.’

Walz has taken ownership of correcting the fraud. He said his administration had been taking action to stop some suspected fraudulent payments over the summer and that his office referred some for prosecution. The governor, however, has said that multibillion figures were ‘sensationalized’ by Republicans.

‘This is on my watch, I am accountable for this and, more importantly, I am the one that will fix it,’ Walz told reporters in December. 

Fox Digital reached out to Walz’s office for a response to Trump’s Truth Social but did not immediately receive a reply. 

Fox News Digital’s Amanda Macias contributed to this report. 


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Democratic Gov. Tim Walz announced on Monday he is scrapping his re-election campaign for another term amid a massive fraud scandal in the state, but Republican lawmakers in Minnesota are calling the move an empty one. 

‘Don’t mistake Gov. Walz’s retirement for accountability,’ Minnesota state Sen. Mark Koran said in a statement to Fox News Digital after Walz’s Monday announcement. 

‘It’s an attempt to avoid it. Republicans will keep holding ALL elected Democrats accountable for Minnesota’s fraud mess, spending every dollar of the $18 billion surplus, and raising taxes by $10 billion.’

Accountability for Walz, according to several Republican lawmakers, involves him resigning as governor, which many have called for in recent months. 

‘The Governor is taking the easy way out, but it’s not good enough,’ state Sen. Michael Holmstrom said in a statement. ‘Minnesotans deserve and demand an IMMEDIATE resignation.’

‘Governor Walz couldn’t take the FRAUD heat so he’s getting out of the kitchen, but I’m going to keep holding ALL Democrats accountable for Minnesota’s fraud mess, blowing through the entire $18 billion surplus, raising taxes by $10 billion, and making life less affordable for all Minnesotans while rejecting Republican efforts to stop fraud. I’ll keep exposing these failures and holding Democrats accountable for what they’ve done to Minnesotans.’

Walz launched his bid for a third four-year term as Minnesota governor in September, but in recent weeks has been facing a barrage of incoming political fire from President Donald Trump and Republicans, and some Democrats, over the large-scale theft in a state that has long prided itself on good governance.

More than 90 people — most from Minnesota’s large Somali community — have been charged since 2022 in what has been described as the nation’s largest COVID-era scheme. How much money has been stolen through alleged money laundering operations involving fraudulent meal and housing programs, daycare centers, and Medicaid services is still being tabulated. But the U.S. attorney in Minnesota said the scope of the fraud could exceed $1 billion and rise to as high as $9 billion.

GOP state Sen. Rich Draheim accused Walz in a statement of simply ‘passing the buck’ with his ‘retirement’ announcement while ‘blaming Republicans for his failures.’

Minnesota Republican Sen. Andrew Lang echoed the messaging from his state party in a statement concluding that ‘retirement isn’t accountability.’

‘It’s him trying to wipe his hands clean of the fraud mess. But ALL elected Democrats own this. They fought Republican efforts to stop the fraud, failed to hold Walz’s agencies accountable, and let Minnesotans’ tax dollars get siphoned off by fraudsters.’

Walz met Sunday with Democratic Sen. Amy Klobuchar of Minnesota to discuss his decision to drop his re-election bid, a source familiar confirmed to Fox News’ Alexis McAdams.

Word of their meeting comes amid speculation that Klobuchar, a former Hennepin County attorney who’s been elected and re-elected four times to the U.S. Senate, may now run to succeed Walz.

‘Make no mistake, I don’t want Tim Walz to be our governor,’ Minnesota Republican state Sen. Andrew Mathews said in a statement to Fox News Digital. ‘But rather than swapping Democrat governor candidates, I want to FIX the damage Gov. Walz has done: Blew through an $18 billion surplus, Raised taxes by $10 billion, Oversaw one of the largest fraud scandals in the country, Left Minnesota for months chasing a failed VP bid, Now decides to leave office.’

‘This isn’t accountability. It’s avoiding it.’

Fox News Digital’s Paul Steinhauser contributed to this report.


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Oil prices moved uneasily at the start of the week as markets digested the implications of a sudden US intervention in Venezuela.

Brent crude slipped as much as 1.2 percent in early trading to around US$60 a barrel before recovering modestly to trade just above US$61.

The US over the weekend removed Venezuelan President Nicolás Maduro from power, with President Donald Trump saying Washington would assume control over the country’s oil sector and invite US companies to invest in rebuilding it.

Venezuela holds about 303 billion barrels of proven crude reserves—roughly 17 percent of the global total, according to the US Energy Information Administration—but currently produces only about 1 million barrels per day, less than 1 percent of global supply.

That gap between geological potential and actual output explains why traders have so far resisted pricing in a near-term supply shock or surge. Venezuela’s exports are already constrained by US sanctions and a naval blockade, and analysts say it would take years and tens of billions of dollars to restore production to anything close to historical levels.

“People are going to assume there’s going to be a lot more oil in the medium term,” Amrita Sen, founder of consultancy Energy Aspects, told the Financial Times.

Sen also noted that the prevailing market instinct is to treat US involvement as eventually bearish for prices, but added that nothing has materially changed in the short term.

Indeed, the broader oil market is already weighed down by oversupply concerns. Brent prices fell roughly 20 percent in 2025, sliding from above US$70 to just over US$60 as rising production collided with softer demand growth.

Non-OPEC producers, led by record US output, have added barrels, while OPEC+ has struggled to balance defending prices with regaining market share.

At a scheduled meeting on Sunday (January 4), eight OPEC+ members signaled no immediate change in strategy and agreed to maintain a pause on production increases until at least April.

The decision reinforced the view that the cartel is cautious about adding more supply into an already heavy market.

In the near term, Venezuela’s own output could even decline. The blockade has restricted imports of diluents needed to blend the country’s heavy crude for export, tightening operational constraints. Reuters reported that state-owned oil company Petróleos de Venezuela has asked some joint-venture partners to scale back production.

Oil markets enter 2026 with supply fears

Against that backdrop, the political drama in Caracas has landed at an awkward moment for oil markets heading into 2026.

Market volatility was a defining feature of 2025. Brent crude traded between a high of US$81.86 and a low near US$59.41, while WTI ranged from US$78.99 to about US$55.56.

Cunningham also pointed to President Trump’s shifting tariff policies as a source of uncertainty. “We can see that Trump’s ‘Liberation Day’ tariffs pushed prices down to a level from which they’ve not recovered from,” he said, aside from a brief spike during last year’s Iran-Israel conflict.

Yet not all analysts share the deeply bearish view. Josef Schachter of the Schachter Energy Report argued that perceptions of abundant supply obscure tighter underlying fundamentals.

Global floating inventories hover near a billion barrels, much of it tied up in “shadow fleets” off Iran, Russia, and Venezuela, awaiting demand.

“Even though people are talking about lots of supply, demand is still growing,” he said, estimating global oil demand rose about 1.3 million barrels per day in 2025 and could increase by roughly 1.2 million barrels per day in 2026.

For oil markets, however, Venezuela remains more a symbol than an immediate supply lever. For now, the muted reaction appears to signal a consensus that even dramatic political change does not alter the near-term balance.

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

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CleanTech Lithium PLC (‘CleanTech Lithium’ or ‘CleanTech’ or the ‘Company’) (AIM: CTL, Frankfurt:T2N), an exploration and development company advancing sustainable lithium projects in Chile, is pleased to announce it has submitted its application (the ‘Application’) for a Special Lithium Operating Contract (‘CEOL’) for Laguna Verde via its Chile-based subsidiary Atacama Salt Lakes SpA (‘ASL’). This submission to the Chilean Government to enter the streamlined process is well ahead of the deadline of 30th January 2026. The award of a CEOL will mean the recipient can commercially produce lithium from the specified project for the duration of the economic life of the project.

Highlights:

  • ASL has submitted its Application in line with the Ministry of Mining’s criteria to enter the streamlined, direct negotiation process for the Laguna Verde CEOL.
  • ASL’s Application confirms that it holds well over 80% of the mining concessions in the Chilean Government’s defined CEOL polygon area and is supported in the Application by a consortium partner which the Company believes will enable CTL to comfortably meet the financial capability criteria.
  • The Application was made well ahead of the submission deadline of 30th January 2026. The Ministry of Mining will now start the review process of the Application and the Company will be in regular dialogue with the Ministry during that time.
  • The legal case related to certain Laguna Verde licences, announced on 1st December 2025, will not impact ASL’s CEOL Application in any way.

Referencing the RNS published on 15th January 2025, the Chilean government set out criteria for applicants to apply for a CEOL at selected salars, including Laguna Verde, under the National Lithium Strategy. These criteria include holding >80% of mining concessions for the proposed polygon area, experience in the mining and lithium extraction industry and audited financial accounts with a minimum accounting equity of USD$30 million held by the applicant or as a consortium.

CTL holds >97% of the relevant mining concessions of the polygon area and so the Company does not expect any applications from third parties for this CEOL. ASL has also formed a consortium with a partner (the ‘Partner’), who requested anonymity, to comfortably satisfy the financial requirements of the Chilean Government. The Partner, who is an experienced minerals company, will in addition to receiving an agreed fee, acquire, for a nominal amount, a minority shareholding in ASL (significantly less than 0.01%) at the time of the award of the Laguna Verde CEOL. CTL will have the exclusive right to require the Partner to transfer that shareholding to another party of CTL’s choosing at any time for the same price as the acquisition. It is intended that this transfer will involve a strategic partner or partners at some point in 2026. In the meantime, as part of the Application, the Partner has also acted as a joint guarantor for the project’s financial obligations for the period that they hold that minority stake in ASL. CleanTech Lithium believes confidently it meets the criteria to enter the CEOL streamlined process, leading to the award of the CEOL, and is expecting to receive feedback on its Application in February 2026.

Ignacio Mehech, Chief Executive Officer of CleanTech Lithium, commented: ‘We believe we are the only applicant eligible to apply for the CEOL at Laguna Verde under the Ministry’s streamlined process. We hold well over the 80% of the mining concessions in the CEOL polygon required by the Ministry, we have formed a consortium with a financially strong partner, and we bring extensive experience in the mining and lithium extraction industry, both in Chile and globally. Our application has been submitted a month before the deadline, and we can expect to the hear back from the Government in February 2026, if not before. This is a pivotal moment in CleanTech Lithium’s pathway to developing a high-quality lithium project at Laguna Verde.

‘By forming a consortium, ASL is supported in its CEOL application by the Partner which will enable CTL to comfortably meet the financial capability criteria set by the Ministry of Mining. We are very grateful for the support of the Partner under commercial arrangements agreeable to both parties.

‘The Company believes that the ongoing legal case relating to certain Laguna Verde licences will have no impact on ASL’s CEOL application given these licences are held in a separate CTL subsidiary which is not part of ASL’s CEOL application. The licences are not required to enable CTL to meet the minimum 80% threshold for mining concessions in the proposed polygon area.

‘Subject to being admitted into direct negotiations within the streamlined process, CTL is preparing to publish the PFS for Laguna Verde. This is being led by international recognised engineering firm Worley and will contain the operational and economic factors to develop a high-quality lithium project at Laguna Verde using low-impact extraction technologies. This will also enable the Company to initiate more meaningful conversations with potential strategic partners in the coming months and we will keep the market informed of progress in due course.’

For further information contact:

CleanTech Lithium PLC

Ignacio Mehech/Gordon Stein/Nick Baxter

Office: +44 (0) 1534 668 321

Mobile: +44 (0) 7494 630 360

Chile office: +562-32239222

Beaumont Cornish Limited (Nominated Adviser)

Roland Cornish/Asia Szusciak

+44 (0) 20 7628 3396

IStar Capital Capital Limited (Joint Broker)

Daniel Fox-Davies

+44 (0) 20 3884 8450

daniel@istar.capital

Canaccord Genuity (Joint Broker)

James Asensio

+44 (0) 20 7523 4680

Beaumont Cornish Limited (‘Beaumont Cornish’) is the Company’s Nominated Adviser and is authorised and regulated by the FCA. Beaumont Cornish’s responsibilities as the Company’s Nominated Adviser, including a responsibility to advise and guide the Company on its responsibilities under the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other persons for providing protections afforded to customers of Beaumont Cornish nor for advising them in relation to the proposed arrangements described in this announcement or any matter referred to in it.

Notes

CleanTech Lithium (AIM:CTL, Frankfurt:T2N) is an exploration and development company advancing lithium projects in Chile for the clean energy transition. CleanTech Lithium has two key lithium projects in Chile, Laguna Verde and Viento Andino, and exploration stage project in Arenas Blancas (Salar de Atacama), located in the lithium triangle, a leading centre for battery grade lithium production.

CleanTech Lithium is committed to utilising Direct Lithium Extraction (‘DLE’) with reinjection of spent brine resulting in no aquifer depletion. Direct Lithium Extraction is a transformative technology which removes lithium from brine with higher recoveries, short development lead times and no extensive evaporation pond construction. For more information, please visit: www.ctlithium.com

Source

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Following the dramatic capture of Venezuelan President Nicolás Maduro, the United States is now positioned to exert significant influence over the future of the world’s largest oil reserves.

What President Donald Trump does next could reshape Venezuela’s energy industry, alter global oil flows and redefine the balance of influence among major powers long invested in the country’s crude.

Here are three key takeaways:

1. Venezuela holds massive oil reserves, but production remains severely constrained

Venezuela, a country almost twice the size of California, sits atop extraordinary wealth. 

With more than 300 billion barrels of proven oil reserves, Venezuela holds more crude than established energy heavyweights like Saudi Arabia, Iran and Kuwait. The Latin American country’s reserves are nearly quadruple those of the United States.

Once a major oil producer, the country pumped about 3.5 million barrels a day in the late 1990s. Since then, its oil industry has sharply deteriorated, with production falling to roughly 800,000 barrels a day, according to energy analytics firm Kpler.

A key reason: much of Venezuela’s oil is difficult and expensive to extract.

The country’s reserves are dominated by heavy and extra-heavy crude, which is costly to extract and relies on specialized equipment and refining capacity that have deteriorated after years of underinvestment, U.S. sanctions and political instability.

Similar dynamics have unfolded in countries such as Iran and Libya, where turmoil, financial distress and crumbling infrastructure have kept vast reserves locked underground.

As a result, scaling operations back up would require significant time, capital and technical expertise, with any production increase likely to be gradual rather than immediate.

2. Political risk remains a major concern for American energy companies

Decades of political instability, shifting regulations and U.S. sanctions have made Venezuela a high-risk environment for long-term investment. 

That risk dates back to the mid-2000s, when then-President Hugo Chávez reshaped Venezuela’s relationship with international energy companies by tightening state control over the oil industry.

Between 2004 and 2007, Chávez forced foreign companies to renegotiate their contracts with the government. The new terms sharply reduced the role and profits of private firms while strengthening Venezuela’s state-owned oil company, Petróleos de Venezuela, S.A. (PDVSA).

The move drove some of the world’s largest oil companies out of the country.

ExxonMobil and ConocoPhillips exited Venezuela in 2007 and later filed claims against the government in international arbitration courts. Those courts ultimately ruled in favor of the companies, ordering Venezuela to pay ConocoPhillips more than $10 billion and ExxonMobil more than $1 billion. The cash-strapped country has paid only a fraction of those awards.

That history looms over Trump’s latest proposal.

Trump said on Saturday he would seek to revive the once-prominent commodity by mobilizing investment from major U.S. energy companies.

‘We are going to have our very large United States oil companies go in, spend billions of dollars, fix the badly broken oil infrastructure and start making money for the country,’ Trump said during a news conference at Mar-a-Lago. 

It remains unclear whether U.S. energy companies are prepared to do so. American firms have yet to say whether they plan to return to Venezuela to resurrect an oil industry hollowed out by years of neglect.

Chevron, the only U.S. oil titan operating in Venezuela, said in a statement to Fox News Digital that it was following ‘relevant laws and regulations.’

‘Chevron remains focused on the safety and well-being of our employees, as well as the integrity of our assets,’ a Chevron spokesperson added.

ConocoPhillips wrote in a statement to Fox News Digital that it is monitoring the developments in Venezuela as well as the ‘potential implications for global energy supply and stability.’ 

‘It would be premature to speculate on any future business activities or investments,’ a spokesperson for ConocoPhillips added.

ExxonMobil, the largest U.S. oil company, did not immediately respond to a request for comment.

3. The push reflects a broader effort to leverage energy for geopolitical influence

As U.S. and European companies withdrew from Venezuela, Russia, China and Iran expanded their footprint in the country’s energy sector, using financing, fuel shipments and technical support to maintain influence.

That shift has also reshaped how Venezuelan oil is traded. Sanctions have fueled the rise of so-called ‘ghost ships,’ nondescript oil tankers that disable tracking systems to quietly move Venezuelan crude to foreign buyers outside traditional markets. The opaque trade has reduced transparency in global oil flows while helping Caracas sustain exports despite financial isolation.

For the Trump administration, the outcome has underscored an uncomfortable trade-off: restricting access to U.S. markets can limit revenue for sanctioned governments, but it can also push them deeper into the orbit of strategic rivals, turning energy policy into a front line of geopolitical competition.


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Here’s a quick recap of the crypto landscape for Monday (January 5) as of 9:00 a.m. UTC.

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

Bitcoin and Ether price update

Bitcoin (BTC) was priced at US$92,433.95, up by 2.8 percent over 24 hours.

Bitcoin price performance, January 6, 2025.

Bitcoin price performance, January 6, 2025.

Chart via TradingView

Ether (ETH) was priced at US$3,162.11, up by 1.8 percent over the last 24 hours.

Altcoin price update

  • XRP (XRP) was priced at US$2.14, up by 3.6 percent over 24 hours.
  • Solana (SOL) was trading at US$135.22, up by 0.9 percent over 24 hours.

Today’s crypto news to know

Bitcoin reclaims US$92,000 in early 2026 momentum

Bitcoin climbed above US$92,000 on Monday (January 5), signaling a potential shift in near-term momentum after a bruising finish to 2025.

Research firm 10X said the move reflects a return to more normalized trading volumes and early signs of renewed institutional positioning at the start of the year.

The firm noted that Bitcoin is holding above key moving averages, with the 21-day line emerging as a critical support level for maintaining upside bias. It added that the shift suggests growing expectations for a push toward the US$100,000 level.

The rebound follows three consecutive monthly declines—an historically rare pattern that has often preceded January recoveries.

Crypto investment products pull in US$47.2 billion in 2025

Global crypto exchange-traded products attracted US$47.2 billion in net inflows in 2025, falling just short of the prior year’s record despite a noticeable slowdown in Bitcoin demand, according to CoinShares.

Bitcoin-focused products added US$26.9 billion, a sharp drop from 2024 levels, as price weakness dampened inflows and modest interest emerged in short-bitcoin vehicles. The cooling in Bitcoin was offset by a surge into select altcoins, led by Ethereum products, which posted US$12.7 billion in inflows.

Meanwhile, XRP and Solana funds followed closely as each recorded multibillion-dollar inflows and triple-digit percentage growth year over year.

Japan signals crypto integration across traditional markets

Japan’s finance minister has signaled stronger government backing for integrating digital assets into the country’s stock and commodity exchanges.

Speaking at the Tokyo Stock Exchange, Satsuki Katayama emphasized the role of exchanges in expanding public access to blockchain-based assets and modern investment tools.

She pointed to the US experience with crypto-linked ETFs as a reference point, even as Japan currently lacks domestically listed crypto ETFs.

Katayama described 2026 as a “digital year,” pledging policy support for exchanges adopting advanced trading technologies.

The remarks build on regulatory reforms already underway, including discussions on allowing banks to hold crypto assets and the approval of Japan’s first yen-pegged stablecoin.

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

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

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