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More U.S. forces are headed to the Middle East, according to chairman of the Joint Chiefs of staff Gen. Dan Caine, as the U.S. escalates its campaign against Iran. 

‘The flow of forces continues today. In fact, Admiral Cooper will receive additional forces even today,’ Caine said during a Pentagon briefing Monday morning, referring to Central Command chief Adm. Brad Cooper. 

Caine declined to provide troop numbers, saying, ‘I don’t want to talk specifics, because that would tip the enemy off. We have more tactical aviation flowing into theater just based on the time it took to get it out there.’

I think we’re just about where we want to be in terms of total combat capacity and total combat power for Admiral Cooper.’

Caine said the additional forces build on a monthlong repositioning of U.S. assets across the region, including carrier strike groups, advanced fighter aircraft and air defense systems, as the U.S. prosecutes what officials described as ‘major combat operations’ that have already resulted in the death of 555 Iranians, according to an Associated Press count, as of Monday morning. 

Caine said the U.S. mission in Iran is to ‘prevent Iran from (the) ability to project power outside its borders.’

‘This is not a so-called regime change war, but the regime sure did change and the world is better off for it today,’ added War Secretary Pete Hegseth.

Hegseth said the mission was to destroy ​​Iranian missiles and missile production, destroy its navy and ensure it has no capability to pursue a nuclear weapon. 

The general warned the operation ‘will take some time’ and acknowledged, ‘We expect to take additional losses.’ Four U.S. service members have been killed in the operation that began in the early hours of Saturday Eastern Time. 

Hegseth said the service members were struck by an Iranian missile that penetrated air defenses at a tactical command center.

Asked whether there are American boots on the ground in Iran, Hegseth replied, ‘no,’ but said the administration would not telegraph future options.

It’s ‘one of the fallacies’ that ‘this department or presidents or others should tell the American people — and our enemies, by the way — ‘here’s exactly what we’ll do,” Hegseth said. ‘It’s foolishness.’ 

At the start of the operation known as Epic Fury, Caine said  more than 100 aircraft launched from land and sea in a synchronized wave, including fighters, tankers, electronic attack aircraft, bombers and unmanned platforms. U.S. cyber and space forces first conducted non-kinetic operations designed to disrupt and degrade Iran’s ability to communicate and respond, he said.

Tomahawk missiles fired from U.S. Navy vessels struck Iranian naval forces along the southern flank, while coordinated precision strikes targeted command and control infrastructure, ballistic missile sites and intelligence facilities.

Caine said the opening phase struck more than 1,000 targets in the first 24 hours. American B-2 bombers flew 37-hour round-trip missions from the continental United States to hit underground facilities with penetrating munitions, he added.

‘We are now roughly 57 hours into the operation,’ Caine said Monday, adding that U.S. forces have launched hundreds of missions and delivered tens of thousands of pieces of ordnance as the campaign continues to scale.

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The Israeli Health Ministry reported Monday that 777 people have been evacuated to hospitals since the start of the joint Israeli-U.S. war against Iran.

At least 10 people were killed directly by Iranian missile attacks on Israel, and two died on their way to shelters.

Since fighting began Saturday morning, hospitals nationwide have restructured operations, relocating patients underground to maintain functionality.

‘See, this child,’ professor Efrat Bron-Harlev, CEO of Schneider Children’s Medical Center, told Fox News Digital, pointing to a young patient. ‘This cart is his artificial heart. He has been living here while waiting for a heart transplant. He moved to the underground area together with 119 other children. This is not just a hospital — it’s his home.’

Schneider Children’s Medical Center has so far treated three children injured as a result of the war. The greater challenge, Bron-Harlev said, is continuing to care for all existing patients as missile sirens sound across the country.

All patients have been relocated to level minus one. Standing in a corridor, Bron-Harlev explained that if a missile were to strike at that moment, those present would need to move behind the heavy doors of reinforced areas for protection.

Once sealed, she said, the fortified section is designed to withstand even a direct missile hit and continue operating as a unit for a limited time. ‘We have electricity supplied by large batteries located in another sheltered area, as well as oxygen and air,’ she said. ‘How long we could remain there would depend on the extent of damage to the overall building. A catastrophic strike on the oxygen tanks, for example, would affect how long we could stay.’

Lessons learned from the June 2025, 12-day war include establishing a separate unit for bone marrow transplant patients with an independent ventilation system. Fresh air enters and exits the space without circulating from the regular ward, protecting the children not only from missile threats but also from potential infections from other patients.

In the event of a mass-casualty incident involving severely ill children, the hospital has prepared an intensive care unit capable of accommodating up to 20 patients at a time.

The staff’s underground dining room has been converted into a dormitory for parents. Although there was not enough time to construct fully fortified operating rooms, Bron-Harlev said part of the neonatal intensive care unit has been transformed into a restricted-access surgical area.

‘We are performing only emergency surgeries,’ she said. ‘We have created two provisional but fortified operating rooms that will function until the permanent ones currently under construction are ready. Two are sufficient for now for emergency procedures. I hope we will not face a situation in which 10 children arrive from a major incident needing surgery, but even then, we could operate on them one after the other.’

At the nearby adult hospital, which is part of the same complex — Rabin Medical Center —17 people were treated as a result of the war. The hospital has moved 500 beds 60 meters underground.

Schneider Children’s Medical Center and Rabin Medical Center are two of 14 hospitals operated by Clalit Health Services, the largest healthcare organization in Israel, providing day-to-day primary care, specialty care, and hospital care to over 5 million Israelis.

During the 12-day war, Prof. Ran Balicer, Deputy Director General and Chief of Innovation at Clalit Health Services, told Fox News Digital that a missile targeted Soroka Hospital in Beersheba and hit a building that had fortunately been evacuated the day before.

‘We’ve learned a lesson about the importance of preparing for attacks of Iranians targeting civilians in general and hospitals in particular,’ he said.

In the 24 hours following the start of the war, all patients not in safe areas were moved underground, where staff can focus on care despite the threats. The parking lot, Balicer explained, is more condensed than a normal ward.

‘There are challenges from congestion to infection control and privacy, there are no windows, all of the noise and the pressure is in, it’s a mental and physical strain on the staff, but they are here to do what they vowed to do,’ he said.

The area includes stockpiles of food, oxygen, and medical supplies. The hospital also focuses on virtual care and digital health to provide effective care without requiring patients to come in.

War-associated wounds, Balicer said, include limb injuries and other severe trauma. ‘Our rate of mortality on the frontlines is the lowest compared to anywhere else in the world. As such we have to really be effective in rehabilitation work,’ he said.

The line between the frontlines and the homefront in terms of injuries is no longer clear-cut.

‘They target civilians like they are on the frontlines, they aim deliberately to strike and hurt civilians with weapons that aim to inflict mass-casualty events,’ he said.

Israeli hospitals are also being secured by IDF soldiers deployed to assist with moving patients during missile alerts, if necessary, and to coordinate the arrival of casualties.

Major S., head of operations in the IDF’s search and rescue unit, told Fox News Digital that the forces are preparing for a prolonged campaign.

‘The last operation lasted only 12 days, and it was very significant for our unit, but this time is different,’ she said.

‘Our mindset is that this will not end until it is over for good. As the war continues, we are facing attacks from additional fronts, including Hezbollah in Lebanon and potentially the Houthis in Yemen. We are ready for every scenario,’ she added.

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Americans could soon see higher gas prices as escalating tensions in the Middle East threaten a critical global oil chokepoint, raising fears of supply disruptions that could quickly reverberate across U.S. energy markets.

After joint U.S.–Israeli strikes, dubbed Operation Epic Fury, targeted Iranian sites over the weekend and killed Iran’s Supreme Leader Ayatollah Ali Khamenei, concerns quickly shifted to how Tehran might respond and whether oil infrastructure or tanker traffic could become collateral damage.

Any disruption to global crude supplies could translate into higher costs for American drivers at the pump.

‘Every time we’ve had flare-ups in the Middle East like we’re seeing right now — and we’ve seen this kind of situation periodically over the last 50 years — it has caused significant disruption to energy markets,’ economist Stephen Moore told Fox News Digital. 

‘I would expect we could see anywhere from 25 to 50 cents a gallon increase in gas prices in the short term,’ he said.

Market data already shows prices moving higher.

Patrick De Haan, head of petroleum analysis at GasBuddy, said oil prices were up $5 per barrel, while wholesale gasoline prices had risen 11 cents per gallon.

He expects retail gas prices to begin climbing immediately, especially in areas where stations tend to adjust prices in sharp, periodic jumps.

The national average could hit $3 per gallon as soon as Monday, De Haan said, with some stations increasing prices by 10 to 30 cents this week and potentially more in markets that see larger price swings.

Moore warned that prices could climb further and remain elevated if vital transit routes or oil facilities are disrupted.

‘Huge amounts of global oil travel through the Strait of Hormuz, so this could be incredibly disruptive, delaying delivery of oil and gas,’ he said.

‘The Iranians have already knocked out some oil facilities in the Middle East, and who knows what they’re up to next. When you have less supply, prices go up. The big question is whether this will be a temporary bump or something more prolonged.’

The ongoing conflict sits near the Strait of Hormuz, one of the world’s most strategically important energy corridors.

‘This shipping route represents around 25% of global oil trade and 23% of liquefied natural gas trade,’ explained Jaime Brito, executive director of refining and oil products at OPIS.

The Strait of Hormuz, a narrow shipping lane between Iran and Oman that has long been a flashpoint during regional crises, serves as a vital artery for global energy markets.

Roughly 20 million barrels of crude oil and petroleum products — about one-fifth of global oil supply — transit the strait each day, underscoring how disruption there can quickly send shockwaves through international energy markets.

Highlighting the growing concern, Maersk, widely regarded as a bellwether for global ocean freight, said it will suspend all vessel crossings through the Strait of Hormuz until further notice and cautioned that services to Arabian Gulf ports may be delayed.

Still, not all price movements are immediate.

‘Developments over the weekend in the Middle East should hypothetically take time to ripple into the global supply chain. An initial assessment would suggest no specific price impacts should be seen in the gasoline market across the world, including the U.S.,’ Brito told Fox News Digital.

However, Brito said prices could climb quickly if markets expect trouble ahead, even before supplies are actually affected.

As a result, Brito said, developments in Iran may have already translated into higher gasoline, diesel and other fuel prices in parts of the U.S., depending on regional supply dynamics and individual company pricing strategies.

From a domestic standpoint, Brito added that gasoline prices follow a seasonal pattern, typically climbing during the summer travel months.

‘March prices are not expected to be significantly high,’ he said, noting that spring break travel could support demand in certain areas — but not at the level seen during peak summer driving season.

Ultimately, the direction of gasoline prices will depend less on seasonal demand and more on how the geopolitical situation unfolds in the days ahead.

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As gold prices continue to soar past record highs, investors are pouring billions into bars, coins, and digital tokens. However, regulators and analysts warn that the same rally is fueling a surge in scams that are quietly draining retirement accounts and life savings.

Gold has long been marketed as a safe haven in times of uncertainty. According to the World Gold Council (WGC), private investors now hold approximately 45,000 tons of gold in bars and coins—about 22 percent of all the gold ever mined.

To further illustrate, bar and coin demand alone accounts for roughly a quarter of annual global gold demand, or more than 1,000 tons a year.

But today’s retail gold market extends far beyond physical bullion. Investors can buy tokenized gold on blockchain platforms or purchase vaulted gold digitally through apps and websites.

However, this increased market accessibility has also created fertile ground for fraud.

A widening gap

Nearly half of Americans struggle with basic financial literacy. That vulnerability is increasingly being exploited in gold-related scams, especially among seniors.

In Texas, elderly victims lost more than US$55 million in gold scams. In the Boston area, the FBI documented over 100 instances in the past two years where couriers were used to pick up illicit cash or gold bars, with financial losses exceeding US$26 million. Around 98 percent of those losses were reported by individuals over 60.

In Ottawa last year, police reported an elderly couple lost US$460,000 in a gold investment scam after criminals convinced them to buy gold and arranged to pick it up. The victims were instructed by the scammers not to inform their family members or banks.

The pattern is no longer confined to North America. In Singapore, authorities reported at least 131 cases in 2025 in which victims were persuaded to buy gold bars and physically hand them over to scammers.

Although total scam losses in the country fell to US$913.1 million from a record US$1.1 billion in 2024, police flagged a “concerning trend” of syndicates shifting to gold as a payment method because it is harder to trace than bank transfers.

Five scams gaining traction

Sam Bourgi, senior analyst at InvestorsObserver, says the mechanics of gold fraud have evolved alongside technology. As generative AI tools become widely accessible, scammers can build convincing websites and tailor persuasive messages in minutes.

He has identified five schemes that are proliferating as gold prices climb.

The first is what Bourgi describes as aggressive upselling disguised as opportunity. An investor may initially purchase a small amount of legitimate gold at or near the spot price. The transaction appears ordinary. But soon afterward, high-pressure calls begin, urging the buyer to purchase “premium” coins or collectibles at steep markups.

A second scheme exploits social media. Fraudsters clone the name and branding of legitimate jewelry stores, advertise precious metals at attractive prices, then claim the physical store is temporarily closed.

Buyers are urged to place deposits to “reserve” items. When they attempt to collect their purchase, the address is fake.

A third red flag involves payment methods. Sellers who refuse traceable payment systems such as credit cards or standard bank transfers should raise immediate suspicion.

“Wire transfers are irreversible or hard to trace. No legitimate seller would be against bank involvement. If they are, verify everything they are telling you, through official websites or sources,” Bourgi noted.

Fourth are bogus investment platforms offering gold-backed tokens or digital gold accounts. Investors may see their balances rise rapidly online, only to encounter mysterious “taxes” or fees when attempting to withdraw funds.

“In this case, the money got into scammers’ pockets the second it left your bank. And this is money you won’t get back. It is pointless to pay the mysterious taxes, as your funds are locked inside a fake platform. If it is not a popular website, check reviews, check registration,” Bourgi explained.

Finally, recovery scams target victims twice. After someone loses money in a fake gold transaction, their contact details are sold. A person claiming to be a lawyer or government official offers assistance, but in exchange for an upfront fee.

“Never trust anyone who claims to be a government official or someone else whom you cannot verify from trusted sources. Especially if they ask you to make payments up front. You lost money when you both bought gold, it happens, but don’t make the same mistake twice,” Bourgi reminded.

The role of industry standards

Gold itself is not the problem. The issue, experts say, lies in opaque practices and aggressive marketing tactics.

To address trust concerns in the retail segment, the World Gold Council developed the Retail Gold Investment Principles after consulting 52 industry stakeholders across 16 countries.

The principles emphasize values such as fairness and integrity, transparent pricing, protection of client assets, and regulatory compliance, among others.

The guidelines are voluntary, but they aim to give providers a framework for responsible conduct and a way to signal credibility to investors navigating a largely unregulated space.

For consumers, the red flags remain consistent across jurisdictions: unsolicited contact from so-called “senior specialists,” high-pressure deadlines, promises of guaranteed returns, encouragement to liquidate retirement accounts quickly, and sellers unwilling to disclose fees or regulatory credentials.

Authorities also warn against pop-up messages or phone calls claiming bank accounts have been compromised.

The Federal Trade Commission (FTC) says criminals often impersonate government agents, asserting that a victim’s name or Social Security number is linked to crimes, and then instruct them to convert their funds into gold for “safekeeping.”

The directive is always the same: buy gold bars and hand them to someone. Law enforcement agencies are unequivocal that such instructions are fraudulent.

Caution is the ‘golden’ rule

Gold’s appeal during periods of inflation and market volatility is well documented. But as prices push higher and retail participation expands, due diligence becomes more critical.

Checking real-time gold prices on independent platforms, verifying dealer registrations with state and federal agencies, insisting on traceable payment methods, and consulting trusted family members or financial advisers before making large purchases are just some of the simple but effective safeguards against these schemes.

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

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Quimbaya Gold Inc. (CSE: QIM,OTC:QIMGF) (OTCQX: QIMGF) (FSE: K05) (‘Quimbaya’ or the ‘Company’) reports the completion of drone-based magnetic and radiometric surveys covering approximately 800 hectares of the Tahami Center concession. The survey area includes zones where geological reconnaissance and sampling have identified features interpreted as potentially associated with a porphyry-style copper system. These features define a prospective surface trend of approximately 3.1 km by 1.3 km.

Highlights

  • High magnetization vector intensity (MVI) anomalies show two subvertical zones dipping to the southeast. These are interpreted to be porphyry intrusions. They coincide with the mapped porphyry-style potassic alteration and veining with anomalous Cu, Au and Mo geochemistry.

  • A MVI low anomaly on the SE side coincides with the mapped lithocap in which alteration is magnetite-destructive.

  • Magnetic anomalies interpreted to be associated with a porphyry intrusive suite extend over approximately 3.1 km in length and 1.3 km in width, with a dominant northwest-southeast orientation (Figure 1).

  • Pad locations for the maiden drilling program at the Tahami Center target area will be defined following the completion and integration of soil, rock and stream sediment geochemical assay results, detailed geological mapping, and preliminary 3D geological – geophysical modeling. This work is expected to be finalized this month.

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Figure 1. Tahami Center 3D model of Magnetization Vector Intensity (MVI).

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‘The work completed to date at Tahami continues to strengthen our confidence in the exploration potential of the project,’ said Alexandre P. Boivin, CEO of Quimbaya Gold. ‘This survey materially strengthens our technical thesis at Tahami Center. We are seeing a large, coherent subsurface magnetic system that aligns with mapped surface mineralization and alteration. That level of consistency supports advancing confidently toward drill testing as we define our initial targets.’

‘The presence of well-developed porphyry-style veinlets at surface is considered significant in the context of the Company’s exploration model for a porphyry copper-gold-molybdenum system,’ stated Ricardo Sierra, B.Sc., MAusIMM, Vice President Exploration and Qualified Person. ‘Geophysical cross-sections and a plan view at approximately -700 meters in elevation (Figure 2) demonstrate a spatial correlation between the mapped surface porphyry-style mineralization and a projected subsurface magnetic high identified in the recently completed airborne magnetic survey. These magnetic anomalies may reflect zones of increased magnetite content, which in porphyry systems can be associated with potassic alteration. This interpretation is conceptual in nature and has not yet been confirmed by drilling. Confirmation will require diamond drilling and the integration of pending radiometric survey, soil and rock geochemical assay results.’

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Figure 2. Tahami Center Plan View at -700m, and cross section A-A’ of the MVI 3D Model.

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Detailed geological mapping has identified an area interpreted as a preserved lithocap in the east – southeastern portion of the mining concession. This zone spatially coincides with low magnetic susceptibility values observed in the MVI survey. The reduced magnetic response is interpreted to reflect magnetite destruction associated with intense advanced argillic alteration. This alteration is locally associated with quartz vein systems in which gold, silver, and copper mineralization has been identified through surface sampling.

Qualified Person

Ricardo Sierra, AusIMM, is a non-independent Officer ‘VP Exploration’ and the Qualified Person for this news release. The scientific and technical content of this press release has been reviewed and approved by Mr. Sierra, who has sufficient experience with South American exploration projects relevant to the style of mineralization and type of deposit under consideration. He consents to the inclusion of the Exploration Results in the form and context in which they appear.

About Quimbaya

Quimbaya Gold is a Colombia-focused exploration company advancing a district-scale portfolio of more than 66,000 hectares across highly prospective mineral belts in Antioquia, Colombia. Its flagship Tahami Project, located in Segovia, is immediately adjacent to Colombia’s most prolific high-grade gold mining camp, while the Berrio and Maitamac projects are strategically positioned in Puerto Berrío and Abejorral, respectively. Early-stage exploration has identified extensive mineralized vein systems and confirmed the presence of a large, multi-commodity porphyry system hosting gold, copper and molybdenum, highlighting the district-scale discovery potential of Quimbaya’s land package. The Company is led by a proven technical and management team committed to disciplined exploration and responsible mining practices.

Contact Information

Alexandre P. Boivin, President and CEO apboivin@quimbayagold.com

Sebastian Wahl, VP Corporate Development swahl@quimbayagold.com

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Cautionary Statements

Certain statements contained in this press release constitute ‘forward-looking information’ as that term is defined in applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein are forward-looking information. Generally, but not always, forward-looking statements and information can be identified by the use of forward-looking terminology such as ‘intends’, ‘expects’ or ‘anticipates’, or variations of such words and phrases or statements that certain actions, events or results ‘may’, ‘could’, ‘should’, ‘would’ or ‘occur’. Forward-looking statements herein include statements and information regarding the Offering’s intended use of proceeds, any exercise of Warrants, the future plans for the Company, including any expectations of growth or market momentum, future expectations for the gold sector generally, the Colombian gold sector more particularly, or how global or local market trends may affect the Company, intended exploration on any of the Company’s properties and any results thereof, the strength of the Company’s mineral property portfolio, the potential discovery and potential size of the discovery of minerals on any property of the Company’s, including Tahami South, the aims and goals of the Company, and other forward-looking information. Forward-looking information by its nature is based on assumptions and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Quimbaya to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. These assumptions include, but are not limited to, that the Company’s exploration and other activities will proceed as expected. The future outcomes that relate to forward-looking statements may be influenced by many factors, including but not limited to: future planned development and other activities on the Company’s mineral properties; an inability to finance the Company; obtaining required permitting on the Company’s mineral properties in a timely manner; any adverse changes to the planned operations of the Company’s mineral properties; failure by the Company for any reason to undertake expected exploration programs; achieving and maintaining favourable relationships with local communities; mineral exploration results that are poorer or better than expected; prices for gold remaining as expected; currency exchange rates remaining as expected; availability of funds for the Company’s projects; prices for energy inputs, labour, materials, supplies and services (including transportation); no labour-related disruptions; no unplanned delays or interruptions in scheduled construction and production; all necessary permits, licenses and regulatory approvals are received in a timely manner; the Offering proceeds being received as anticipated; all requisite regulatory and stock exchange approvals for the Offering are obtained in a timely fashion; investor participation in the Offering; and the Company’s ability to comply with environmental, health and safety laws. Although Quimbaya’s management believes that the assumptions made and the expectations represented by such information are reasonable, there can be no assurance that the forward-looking information will prove to be accurate. Furthermore, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or information. Readers are cautioned not to place undue reliance on forward-looking information as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Forward-looking information contained in this news release is expressly qualified by this cautionary statement. The forward-looking information contained in this news release represents the expectations of Quimbaya as of the date of this news release and, accordingly, is subject to change after such date. Except as required by law, Quimbaya does not expect to update forward-looking statements and information continually as conditions change.

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One Bullion Ltd. (‘One Bullion’ or the ‘Company’) (TSXV: OBUL,OTC:OBULF), a gold exploration company holding complete ownership of three highly prospective mining areas in Botswana, is pleased to announce that it has approved the consolidation of the Company’s issued and outstanding common shares on the basis of one (1) new common share for every ten (10) existing common shares (the ‘Consolidation’).

The Consolidation was approved by way of director resolution. In connection with the Consolidation, the Company has sent letters of transmittal to holders of its common shares for use in transmitting their existing share certificates (‘Existing Certificates’) to the Company’s registrar and transfer agent, Marrelli Trust Company, in exchange for new certificates (‘New Certificates’) representing the number of post-Consolidation common shares to which such shareholder is entitled as a result of the Consolidation. No delivery of a New Certificate to a shareholder will be made until the shareholder has surrendered its Existing Certificates. Until surrendered, each Existing Certificate shall be deemed for all purposes to represent the number of post-Consolidation common shares to which the holder is entitled as a result of the Consolidation. The common shares of the Company reflecting the Consolidation will commence trading on the TSX Venture Exchange effective as of March 4, 2026 under the same symbol ‘OBUL’.

In connection with the Consolidation, SLD Capital Corp. (‘SLD’) is entitled to receive an aggregate of 200,000 common shares pursuant to the consulting agreement dated July 8, 2024 between One Bullion and SLD. The shares will be subject to a statutory hold period expiring four months and one day following the issuance thereof, and the issuance remains subject to the approval of the TSX Venture Exchange.

In other news, the Company also announces that it has granted an aggregate of 1,100,000 restricted share units to officers and directors of the Company.

About One Bullion
One Bullion Ltd. is a Toronto-based gold exploration company focused on advancing high-quality gold assets in Botswana, one of Africa’s most stable and mining-friendly jurisdictions. Established in 2018, the company controls approximately 8,004 km² of prospective land across three greenstone belt-hosted gold projects, including Vumba, Kraaipan, and Maitengwe. One Bullion’s strategy centers on disciplined, data-driven exploration — combining modern geological methods with advanced targeting to identify and test high-priority gold targets — while maintaining a commitment to environmental stewardship, community engagement, and long-term value creation for stakeholders.

Forward-Looking Statements
This news release contains certain forward-looking statements and forward-looking information (collectively referred to herein as ‘forward-looking statements’) within the meaning of Canadian securities laws. All statements other than statements of historical fact are forward-looking statements. Undue reliance should not be placed on forward-looking statements, which are inherently uncertain, are based on estimates and assumptions, and are subject to known and unknown risks and uncertainties (both general and specific) that contribute to the possibility that the future events or circumstances contemplated by the forward-looking statements will not occur, including the effective date of trading of the post-Consolidation common shares. Although the Company believes that the expectations reflected in the forward looking statements contained in this press release, and the assumptions on which such forward-looking statements are made, are reasonable, there can be no assurance that such expectations will prove to be correct. Readers are cautioned not to place undue reliance on forward-looking statements included in this document, as there can be no assurance that the plans, intentions or expectations upon which the forward-looking statements are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will not occur, which may cause the Company’s actual performance and results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements. The forward-looking statements contained in this news release are made as of the date hereof and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, except as required by applicable law. The forward-looking statements contained herein are expressly qualified by this cautionary statement.

For further information, please contact:

Contact Information:
Adam Berk, Chief Executive Officer
T: 917-690-7556

Investor Contact:
KCSA Strategic Communications
Jack Perkins or Valter Pinto
T: 212-896-1254
OneBullion@kcsa.com

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 RELEASE.

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Oreterra Metals Corp. (TSXV: OTMC,OTC:RMIOD) (OTCID: OTMCF) (OTCID: RMIOD) (FSE: D4R0) (WKN: A421RQ) (‘Oreterra’ or the ‘Company’) is pleased to announce that, further to its press releases of February 10, 2026, February 12, 2026, February 18, 2026 and February 19, 2026, it has closed the first tranche of its oversubscribed and upsized non-brokered private placement with the placement of 12,068,332 hard-dollar units (‘HD Units’) of the Company at a price of $0.45 per HD Unit for gross proceeds of $5.43M and the placement of 7,708,000 flow-through units (‘FT Units’) at a price of $0.50 per FT Unit for gross proceeds of $3.85M (collectively, the ‘First Closing’). A second closing of the private placement, bringing gross proceeds to $9.7M, is scheduled for March 4, 2026.

‘The fact that this financing has attracted the extraordinary level of interest that it has, is a testament to the strength of Trek South as a porphyry copper-gold discovery prospect and the strong resurgence of market interest in such prospects,’ said Kevin Keough, CEO. ‘More than 115 separate investors participated, 83% of whom are new to the Company, including major funds who as a group will now own approximately 25% of the Company on a fully diluted basis, and resource-knowledgeable investors from as far afield as Europe and Australia. Moreover, we also achieved exposure to most of the major mining-focused brokerage firms in the country. All of this has broadened awareness of Oreterra and its prospects as we advance, now fully financed, toward the first-ever drilling of Trek South this summer.’

Offering Details:

The non-brokered private placement is now for aggregate gross proceeds of up to $9,684,000 through the issuance of a combination of $5,500,000 in hard-dollar units (‘HD Units‘) of the Company at a price of $0.45 per HD Unit and $4,184,000 in flow-through units (‘FT Units‘) at a price of $0.50 per FT Unit (collectively, the ‘Offering‘).

Each HD Unit, priced at $0.45, comprises one (1) common share of the Company and one (1) common share purchase warrant (each a ‘HD Warrant‘). Each HD Warrant entitles the holder to acquire one additional common share of the Company at an exercise price of $0.60 per share for three years following the closing of the Offering.

Each FT Unit, priced at $0.50, comprises one (1) flow-through share of the Company (each a ‘FT Share‘) and one (1) common share purchase warrant (each an ‘FT Warrant‘). Each FT Warrant entitles the holder to acquire one additional common share of the Company at an exercise price of $0.60 per share for three years following the closing of the Offering.

First Closing Details:

The Company paid ten eligible finders. Nine received cash fees in the aggregate of $409,917.05 and 840,751 broker warrants (each a ‘Broker Warrant‘). Each Broker Warrant entitles the holder thereof to acquire one additional common share of the Company at an exercise price of $0.60 per share for three years following the closing of the Offering. The tenth finder received 18,000 HD Units in lieu of cash compensation of $8,100.

All securities issued under the First Closing are subject to a hold period expiring on June 28, 2026.

Three Insiders subscribed for $216,000 of the First Closing, with one insider subscribing for $150,000 of HD Units and two insiders subscribing for $66,000 of FT Units. Such insider private placements are exempt from the valuation and minority shareholder approval requirements of Multilateral Instrument 61-101 (‘MI 61-101‘) by virtue of the exemptions contained in sections 5.5(a) and 5.7(1) (a) of MI 61-101 in that the fair market value of the consideration for the securities of the Company which have been issued to the insiders does not exceed 25% of its market capitalization.

The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the ‘U.S. Securities Act‘), or any state securities laws, and accordingly, may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a solicitation to buy any securities in any jurisdiction.

The FT Shares will qualify as ‘flow-through shares’ (within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the ‘Tax Act’). An amount equal to the proceeds received from the issuance of the FT Shares will be used to incur eligible resource exploration expenses which will qualify as (i) ‘Canadian exploration expenses’ (as defined in the Tax Act), and (ii) as ‘flow-through critical mineral mining expenditures’ (as defined in subsection 127(9) of the Tax Act) (collectively, the ‘Qualifying Expenditures‘).

Expenditures in an aggregate amount not less than the proceeds raised from the issue of the FT Shares will be incurred (or deemed to be incurred) by the Company on or before December 31, 2027 and will be renounced by the Company to the purchasers of the FT Shares with an effective date no later than December 31, 2026. The net proceeds from the issuance of HD Units will be primarily used for exploration activities at the Company’s Trek property, as well as for general working capital purposes.

About Oreterra Metals Corp.

Oreterra Metals Corp. commenced trading on February 2, 2026, under the new ticker OTMC, following a months-long effort to restructure the former Romios Gold Resources Inc. Management took on the task because it believes the Company’s wholly-owned Trek South porphyry copper-gold prospect represents, based upon the impressive results of the spectrum of geosciences applied to the target area to date, among the finest new targets of its kind in BC’s Golden Triangle. The Company recently released (news, January 22, 2026) a National Instrument 43-101 Technical Report for the Trek property which recommends two initial phases of drilling at Trek South, for execution in the approaching 2026 field season. A copy of the Technical Report is available on the Company’s website at www.oreterra.com, and on the Company’s SEDAR+ issuer profile at www.sedarplus.ca.

Additional wholly-owned Company property interests include two former producers in Nevada: the Kinkaid claims in the Walker Lane trend covering numerous shallow Au-Ag-Cu workings over what is believed to be one or more porphyry centres (source: J.Biczok, P.Geo, June 2025, Kinkaid Gold-Copper-Silver Project, www.oreterra.com), and the Scossa mine property in the Sleeper trend which is a former high-grade gold producer (source: J.Biczok, P.Geo, July 2025, Scossa Historic Gold Mine Property, www.oreterra.com). The Company also holds a 100% interest in the large Lundmark-Akow Lake Au-Cu property adjacent to the northwest of the Musselwhite Mine in northwestern Ontario, where drilling by the Company has produced highly encouraging, broad VMS-style Au-Cu intersections.

For further information visit www.oreterra.com or contact:

Kevin M. Keough Stephen Burega
Chief Executive Officer President
Tel: 613 622-1916 Tel: 647 515-3734
Email: kkeough@oreterra.com Email: sburega@oreterra.com

 

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 release.

Cautionary Statement Regarding Forward-Looking Information

This news release includes certain ‘forward-looking statements’ which are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as ‘believes’, ‘anticipates’, ‘expects’, ‘estimates’, ‘may’, ‘could’, ‘would’, ‘will’, or ‘plan’. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and

uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information 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 failure to identify mineral resources, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate First Nations, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company’s public documents filed on SEDAR. Although the Company 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 Company 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.

NOT FOR DISSEMINATION, DISTRIBUTION, RELEASE, OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES

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Transition Metals Corp. (TSXV: XTM) (‘Transition’, ‘the Company’), is pleased to announce that it has vested a 100% interest in the Pike Warden property, a porphyry-epithermal exploration asset located in southern Yukon. This acquisition consolidates the Company’s control over the property and positions it for continued exploration activities and partnering opportunities. The Company will seek a partner to more aggressively explore the large mineralized system opportunity.

This acquisition represents an important step in expanding Transition Metals’ portfolio of high-quality exploration assets,’ said Scott McLean, CEO of Transition Metals. ‘The Pike Warden property has strong exploration potential, and the work carried out by Transition to date has identified over 30 high grade Au-Ag epithermal and Cu-Mo porphyry showings, which together with the geophysical and mapping data demonstrate a large porphyry and epithermal mineralizing system.

Terms of Vesting

The project was optioned from a local geologist in 2022 (see news release dated June 28, 2022). The Company has vested its interest by paying the Optionor $120,000, issuing 1,000,000 shares, and spending $1,000,000 in exploration over the four-year period. The Optionor retains a 1% Net Smelter Return royalty on the Property.

Financing

The Company is pleased to announce that it intends to raise up to $1,000,000 by way of a non-brokered private placement consisting of up to 8,695,652 Charity Flow Through Units (the ‘CFU‘) at a price of $0.115 per CFU. The initial Purchasers of the CFU may subsequently donate such CFU to registered charitable organizations, who may in turn choose to sell such CFU Units (the ‘Re-Offered Units’) to purchasers at a price of $0.08 per Re-Offered Unit (the ‘Re-Offer Price’) or sell such Re-Offered Units to purchasers at the Re-Offer Price. The Company will not be a party to any such arrangements. The Re-Offered Units will consist of a common share and a half warrant. Each full warrant entitles the investor to purchase a common share in the Company at any time for $0.115 for a period of 18 months. A finder’s fee may be paid in connection with the Offering to finders, as determined by mutual agreement between the Corporation and the finders and subject to regulatory approval. The finders’ fee will consist of 6% cash for Units sold to investors introduced by such finders, and non-transferable share purchase warrants equal to 6% of such CFU sold to investors (‘Compensation Warrants’). The Compensation Warrants will permit the purchase of one common share in the capital of the Company for 18 months from closing at a price of $0.115.

Proceeds from the CFT Shares issued in connection with the Offering will be used to explore and advance critical minerals properties in Ontario (Saturday Night PGM) and Northwest Territories (Dessert Lake U) as well as Ontario precious metal project (Gowganda Au). The securities issued in connection with the Offering, including any common shares issued upon exercise of the Compensation Warrants, will be subject to a four-month restricted resale period and applicable securities legislation hold periods outside of Canada from the closing date. Completion of the Offering will be subject to all necessary approvals, including the approval of the TSX Venture Exchange. There can be no assurance that the Offering will be completed as proposed or at all.

About Transition Metals Corp.

Transition Metals Corp. (TSXV: XTM) is a Canadian-based, multi-commodity explorer. Its award-winning team of geoscientists has extensive exploration experience which actively develops and tests new ideas for discovering mineralization in places that others have not looked, often allowing the company to acquire properties inexpensively. Joint venture partners earn an interest in the projects by funding a portion of higher-risk drilling and exploration, allowing Transition to conserve capital and minimize shareholder’s equity dilution.

Further information is available at www.transitionmetalscorp.com or by contacting:

Scott McLean
President and CEO
Transition Metals Corp.
Tel: (705) 667-6178

Cautionary Note on Forward-Looking Information

Except for statements of historical fact contained herein, the information in this news release constitutes ‘forward-looking information’ within the meaning of Canadian securities law. Such forward-looking information may be identified by words such as ‘plans’, ‘proposes’, ‘estimates’, ‘intends’, ‘expects’, ‘believes’, ‘may’, ‘will’ and include without limitation, statements regarding estimated capital and operating costs, expected production timeline, benefits of updated development plans, foreign exchange assumptions and regulatory approvals. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially include, among others, metal prices, competition, risks inherent in the mining industry, and regulatory risks. Most of these factors are outside the control of the Company. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events, or otherwise.

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 release.

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While framed as a book about economic development theory and the history of colonialism, William Easterly’s latest tome is actually something grander and more ambitious: a deeply researched 300-year chronicle of political and moral theory in the Western world. The questions that colonizers, settlers, natives, and revolutionaries wrestle with in Easterly’s 448-page history aren’t just about plantations and trading posts – they’re the most important questions we have about morality and justice. They’re particularly timely in an era when classical liberal values are under greater challenge than at any time since the Cold War.

We begin in the eighteenth century with a grounding in the work of Adam Smith, a justly legendary intellectual figure getting even more attention than usual this year because his most famous work, The Wealth of Nations, is celebrating its 250th anniversary alongside the United States. Smith is, for Easterly, a kind of godfather of the liberal tradition of individual rights that the rest of the figures in the book are measured against. Smith stood for trade as a civilized and civilizing force and emphasized the need for voluntary, mutually beneficial relationships. He was not in favor of the takeover of the rest of the world (or just “the Rest” in Easterly’s styling) by white men in the supposedly enlightened West. 

The first section contrasts Smith with the French aristocrat Nicolas de Condorcet, who — despite his modern reputation as a champion of free trade and individual rights — endorsed what Easterly calls the Development Right of Conquest. Under this view, a civilized nation or race may rule another’s land if it claims it can put it to a higher and more productive use.

This might mean ruling a newly discovered tribe to advance its development toward a higher civilization. If the tribe resisted — as was often the case — the more “developed” people could kill or displace the “savages” and seize the land themselves. Either way, the supposedly superior group — typically Western European — decided which path was best for both.

This is the great divide that defined the next few centuries of global territorial expansion and settlement. European thinkers who believed in peaceful coexistence and voluntary trade relations were the inheritors of Smith, and those who believed their superior wisdom entitled them to plan the moral and economic advance of foreign peoples were the intellectual descendants of Condorcet. Easterly, a professor of economics at New York University, emphasizes many times how lopsided this family tree was on the latter’s side. 

Both sides, of course, believed they were in the right. Few, if any, colonizers – no matter how rapacious in action – admit to plundering new lands and people solely for their own benefit. Even those who were literal enslavers of their fellow man created elaborate theories about how they were actually acting in the interests of the non-white people they encountered.  

The essential difference that Easterly emphasizes is that some were willing to let others decide their own interests, while most overrode foreign preferences with cultural chauvinism and civilizational theory. The classical liberals in his account were hardly “woke” by modern standards, but they replaced the question “Are these non-European people worthy of self-government?” with the more searching one: “Are we fit to rule them by force?”

The advance of liberal ideas was fitful and slow. Just like the progress toward representative democracy and constitutional government within Europe itself, the recognition that non-white people might want and be entitled to the same rights as their white counterparts faced many disappointing setbacks. Easterly does a great job, however, of setting the scene for the greatest victory of them all – the abolition of slavery in the modern world. First, peacefully, in the British Empire under the political leadership of men like William Wilberforce, and then, amid catastrophic bloodshed, in the United States.  

Many histories of the world after 1865 have treated the end of slavery (in most countries, at least) as the beginning of a new enlightened age. Whatever came later in the various colonial empires, however imperfect, was certainly vastly superior to an era in which kidnapping and intergenerational forced labor were a major commercial enterprise.  

While the line between enslavement and mere colonial paternalism might seem bright and obvious, Easterly doesn’t let the triumph of slavery ending in the nineteenth century get the West off the hook for continuing oppression and injustice around the world. The policies of Caribbean sugar planters before emancipation had more in common with, for example, twentieth-century colonial administrators in sub-Saharan Africa than most historians care to admit. Underlying both is the same, only marginally reformed, assumption that white skin and technological advancement entitle one to treat other races as children and supplicants for their supposed long-term benefit. In the post-slavery colonies, even when plans for advancement were undertaken for ostensibly beneficial purposes, the opinions of the people supposedly benefiting were neither solicited nor heeded.  

Violent Saviors tries to remedy some of that historic injustice in telling their story, but also in citing some of the rare first-person sources that were recorded from those subjected to “civilization” via musket barrels and bayonets. Many students of US history will be familiar with some of the figures Easterly quotes at length, like the formerly enslaved abolitionist who became one of the most famous people in nineteenth-century America, Frederick Douglass. Far fewer will have read anything about Mohegan Indian and Christian convert Samson Occam (1723–1792), once a student at the missionary school that eventually became Dartmouth College, or the British ex-slave Quobna Ottobah Cugoano (1757–1791), who was at first an advocate for, and later an opponent of, a quixotic eighteenth-century plan to re-settle the free black residents of London in a kind of proto-Liberia colony in Sierra Leone.    

The author also gets a historian’s revenge on multiple generations of supposedly well-intentioned military, political, religious, and philanthropic leaders whose high status contrasted embarrassingly with their inability to successfully implement any of their grand plans for the advancement of the “dusky races.”  

Easterly has famously written at length about the contradictions and failures of modern economic development policy in books like The White Man’s Burden and The Tyranny of Experts. He now reaches back multiple centuries to deliver withering takedowns of figures ranging from French aristocrats Pierre Samuel du Pont de Nemours (1739–1817) and Pierre-Paul Lemercier de La Rivière (1719–1801) to Treaty of Versailles architect Woodrow Wilson (1856–1924) and Lyndon B. Johnson–era National Security Advisor Walt Whitman Rostow (1916–2003).

He offers a more inspiring, if much shorter, list of theorists and experts who pointed the way in the right direction. Beginning with Adam Smith (1723–1790), we also encounter (mostly) good actors like the anti-slavery Anglican Bishop William Warburton (1698–1779) and Swiss political theorist Benjamin Constant (1767–1830). Easterly devotes significant attention to better-known writers such as John Stuart Mill (1806–1873) and Isaiah Berlin (1909–1997), while also crediting the beloved figures of twentieth-century free-market economics: Ludwig von Mises, Friedrich Hayek, and Milton and Rose Friedman, among others. 

In recent years, the so-called neoliberal view of economics and the rules-based international order has been significantly challenged by a resurgence of populist economic thought emphasizing national solidarity — as defined by a handful of executive policymakers — over the equality of all individuals and positive-sum economic exchange.

President Donald Trump’s use of tariff authority — for purposes ranging from explicit industrial protectionism to the attempted conquest of Greenland — has dramatically set back decades of post–World War II progress in free trade. Violent Saviors, with its inspiring narrative of mercantilist authoritarianism giving way to a world where equality and cooperation are the norm, reminds us why so many fought so hard for these ideals in the first place.

Here’s a quick recap of the crypto landscape for Friday (February 25) as of 1:30 p.m. UTC.

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

Bitcoin (BTC) was priced at US$66,270.44, down by 0.4 percent over the last 24 hours.

Bitcoin price performance, March 2, 2026.

Bitcoin price performance, March 2, 2026.

Chart via TradingView

Ether (ETH) was priced at US$1,947.16, down by 1.8 percent over the last 24 hours.

Altcoin price update

  • XRP (XRP) was priced at US$1.35, down by 1.8 percent over 24 hours.
  • Solana (SOL) was trading at US$83.41, down by 1.8 percent over 24 hours.

Today’s crypto news to know

Bitcoin slips under US$67,000 as Iran tensions continue

Bitcoin drifted back below $67,000 late Sunday as uncertainty surrounding the Iran-Israel conflict continued to weigh on global risk assets.

The token was down roughly 1 percent over 24 hours, after swinging sharply in response to US-Israel air strikes on Iran and retaliatory activity across the region. Prices had plunged to around US$63,255 early Saturday during the initial shock, only to rebound above US$68,000 later that day amid unconfirmed reports about Iran’s leadership.

Meanwhile, Ether hovered near US$1,950 after tumbling roughly 10 percent in the immediate aftermath of the escalation.

Bitcoin remains down about 23 percent year-to-date and nearly 50 percent off its October peak of US$126,000, with some Wall Street analysts warning a move toward US$50,000 is possible before any durable recovery takes hold.

X lifts crypto ad ban

Social media platform X has reversed course on its crypto advertising policy, removing digital assets and gambling from its list of prohibited industries for paid promotions.

The change opens the door for influencers and key opinion leaders to monetize crypto content legally on the platform, provided they follow new disclosure rules. Under X’s updated Paid Partnership framework, posts created as part of a commercial arrangement must carry a clear “Paid Partnership” label.

“Undisclosed promotions hurt the integrity of the product and lead people to distrust the content they read on X,” said Nikita Bier, the company’s head of product, adding that the update is meant to encourage transparency and regulatory compliance.

Influencers remain responsible for adhering to applicable laws, including Federal Trade Commission guidelines on endorsements. While crypto is no longer banned from paid partnerships, the platform maintains distinctions between sponsored content and traditional advertising placements.

UAE security alert prompts crypto firms to shift to remote work

Major cryptocurrency exchanges in the United Arab Emirates (UAE) have moved staff indoors after the country entered a heightened security posture, with authorities reporting missile interceptions and aerial defense activity across parts of the Gulf.

Binance and Bybit instructed UAE-based employees to remain home and work remotely until further notice. Binance circulated a company-wide notice directing staff to avoid outdoor areas and stay clear of windows and open spaces.

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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