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Director of National Intelligence Tulsi Gabbard referred two intelligence community professionals to the Department of Justice for criminal prosecution Wednesday over alleged leaks of classified information, Fox News Digital has learned. 

An ODNI official told Fox News Digital that the intelligence community professionals allegedly leaked classified information to the Washington Post and the New York Times. A third criminal referral is ‘on its way’ to the DOJ. 

The official told Fox News Digital that intelligence community professionals should take the move ‘as a warning.’ 

‘Politicization of our intelligence and leaking classified information puts our nation’s security at risk and must end,’ Gabbard told Fox News Digital. ‘Those who leak classified information will be found and held accountable to the fullest extent of the law.’ 

‘Today, I referred two intelligence community leakers to the Department of Justice for criminal referral, with a third criminal referral on its way, which includes the recent illegal leak to the Washington Post,’ Gabbard said. ‘These deep-state criminals leaked classified information for partisan political purposes to undermine President Trump’s agenda.’ 

Gabbard added: ‘I look forward to working with the Department of Justice and the FBI to investigate, terminate and prosecute these criminals.’

An ODNI official said the move to refer for criminal prosecution is the first step in the process of ‘holding these individuals accountable.’ 

The official explained the process in their decision-making, telling Fox News Digital that they conducted an internal review and then sent the criminal referral to the Justice Department. The DOJ would then send the referral to the FBI to begin a formal, criminal investigation. 

‘We are aggressively investigating other leaks and will pursue further criminal referrals as warranted,’ the official told Fox News Digital. ‘Any intelligence community bureaucrat who is considering leaking to the media should take this as a warning.’ 

The official added that the Trump administration ‘will identify leakers and leakers will face legal consequences.’ 

Earlier this month, Gabbard established a new task force to restore transparency and accountability in the intelligence community. Fox News Digital first reported on the Director’s Initiative Group (DIG), which started by investigating weaponization within the intelligence community.

Officials said the group will also work to root out politicization and expose unauthorized disclosures of classified intelligence. In addition, it will work to declassify information ‘that serves a public interest.’ 

Gabbard also has held employees who participated in sexually explicit NSA chatrooms accountable, and is pursuing action on those who have made unauthorized leaks of classified information within the intelligence community. 


This post appeared first on FOX NEWS

When the stock market is turbulent, it makes sense to hedge some of your valuable equity positions. One way to do it is through options. 

The adage “Don’t keep all your eggs in one basket” is well-known among investors. While a diversified portfolio reduces your risk, you probably have a handful of favorite stocks that you don’t want to sell. But watching those stocks lose value can be painful.

The good news: There is a way to reduce your losses on those positions.

Hedging With Options

Before diving into the strategies, you need to determine what you want to do with the stocks you want to hold on to. When a market is trending lower, options help protect your investments in the following ways:

  • Protecting your stocks against losses.
  • Generating income from declining stock values. 
  • Realizing profits from declining stocks if the stock moves in your favor.

Before proceeding further, look at all your portfolio holdings and determine which stocks you want to hold on to, then determine your hedging objectives.

This article will focus on the strategies you can implement to protect your stocks against losses. You can do this by buying puts, which are similar to an insurance policy. You pay for downside protection to gain unlimited upside potential.

Here’s how it works.

  1. You buy one put contract for 100 shares of an underlying stock. For example, if you own 100 shares of Apple, Inc. (AAPL), you buy one AAPL put contract; if you own 200 shares of AAPL, you could buy 2 put contracts.
  2. You buy a put with a strike price that could generate a profit that you’re comfortable with on your equity position, and a premium (the price of the contract) that you’re willing to pay to protect your position.
  3. If the stock’s price falls below the strike price, you could sell your put contract for a profit.  You could also choose to exercise your put contract, i.e., selling the underlying shares at the contract’s strike price.

For example, say you bought 100 shares of AAPL for $110 per share. AAPL stock is trading slightly below $205 but hit a high of $259.81. You want to protect your unrealized gains in case the price falls further. Looking at the daily chart of AAPL below, further downside looks highly probable.

The 50-day simple moving average (SMA) has crossed below the 200-day, the StockCharts Technical Rank (SCTR) score is at 32.50, which is relatively low, and the relative strength index (RSI) just below 50, indicating neutral momentum.

FIGURE 1. DAILY CHART OF AAPL STOCK. A declining trend, a technically weak chart, and lukewarm momentum indicate a higher probability of further decline.Chart source: StockCharts.com. For educational purposes.

If you were to buy a put, what strike price and expiration would you choose? That can be a time-consuming exercise, but the OptionsPlay Add-on in StockCharts does it for you quickly. Here’s how.

  • Below the chart, click the Options menu, found under Tools & Resources. You’ll see the Options Chain by default (Options Summary).
  • Click the OptionsPlay button above the Options Chain to access the OptionsPlay Explorer. You’ll see the three optimal strategies listed.

FIGURE 2. OPTIMAL OPTIONS STRATEGIES FOR AAPL STOCK. You could sell 100 shares of AAPL, buy a put, or buy a put vertical spread. You can analyze the three scenarios and determine which one will help protect your equity position.Image source: StockCharts.com. For educational purposes.

The recommended long put (displayed in the middle) is the June 20 $205 put, which will cost $1,170. You have to decide if it’s worth paying this much premium to protect your position in the stock. If the stock price rises above $205 by expiration, your contract will expire worthless. You would have lost $1,170. Are you willing to take that risk?

You can modify the strategy by changing the expiration and strike price of the contract. This will help determine if there are more favorable risk-to-reward scenarios. The following scenarios could play out:

Scenario 1: The stock price falls below $205.

  • You could sell the put option for a profit, which will offset some of the unrealized losses from the decline in the stock’s price.
  • You could also choose to exercise the option and sell the shares for $205. You would walk away with a profit of $8,330 ($9,500 – 1,170).

Scenario 2: The stock price is above $205 by expiration.

  • Your put contract will expire worthless.
  • If you think the stock price will drop as contract expiration gets close, you could roll it to a further-out expiration. You’d sell your $205 June put and purchase another put option with a later expiration.

When buying puts, your maximum risk is limited to what you pay for the premium.

There’s More You Can Do

The strategy on the right shows a put vertical strategy, which has a much lower cost, a higher OptionsPlay score, and a potential reward of $2,145, which is much lower than buying a put.

The put vertical involves adding a lower strike price put with the same expiration. This would be a two-leg options trade—you buy the June 20 205 put and sell the June 20 $175 put.

The benefit of the put vertical is that you limit your risk to $855 (the debit). This will happen if  AAPL is above $205 and both puts expire worthless.

Your potential reward is limited to $2,145 (strike price – debit), which you will realize if AAPL’s stock price falls below $175. The probability of profit of the put vertical is 41.79%, versus 37.48% for the long put.

The Bottom Line

Buying puts and put vertical spreads can protect your options positions in a declining market. You still need to evaluate the cost of protection versus your profit potential, just as you would when you’re shopping for insurance.

The benefit of using the OptionsPlay Add-on is that the legwork is done for you. All you have to do is evaluate the different strategies, which are spelled out for you in simple terms. To learn more about the features available in the OptionsPlay Add-on, visit the StockCharts TV OptionsPlay with Tony Zhang YouTube channel.


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

Walker Lane Resources (TSXV:WLR) is executing an exploration strategy focused on advancing high-impact projects across premier North American mining jurisdictions. The company’s portfolio spans the prolific Walker Lane Gold Trend in Nevada, as well as key exploration assets in British Columbia, the Yukon, and Newfoundland.

Near-term efforts are centered on two high-priority, drill-ready targets — Tule Canyon in Nevada and Amy in British Columbia — supported by the continued advancement of Silver Hart, Walker Lane’s flagship silver-lead-zinc asset in the Yukon, toward a development decision. All projects are accessible by road, enabling cost-effective exploration and streamlined logistics.

Walker Lane Gold Trend location in Nevada

With a lean capital structure, high-grade and scalable assets, and a clear path from discovery through to early-stage development, Walker Lane is well-positioned to unlock significant value and deliver strong returns for shareholders. The company represents a compelling growth opportunity in the junior mining sector.

Company Highlights

  • Walker Lane Resources is focused on high-grade gold, silver and polymetallic exploration, with a balanced project pipeline across multiple Canadian and US jurisdictions.
  • Two flagship drill-ready projects – Amy (British Columbia) and Tule Canyon (Nevada) – are scheduled for 2025 drilling, each with compelling surface results, historical workings, and high-impact resource potential.
  • The Silver Hart project in the Yukon is being positioned for near-term production through innovative ore-sorting and small-scale open pit development, designed to generate early-stage cash flow.
  • Walker Lane holds approximately 1.3 billion shares in North Bay Resources (OTC:NBRI) and is entitled to option payments related to the sale of the Bishop Mill in California.
  • The Silverknife project in British Columbia is subject to an option agreement with Coeur Mining, with potential milestone payments and expenditures totaling over $6 million through 2028.
  • The company has an established pipeline of prospective exploration stage assets at Cambridge and Silver Mountain (Walker Lane, Nevada) and Logjam (Yukon).

This Walker Lane Resources profile is part of a paid investor education campaign.*

Click here to connect with Walker Lane Resources (TSXV:WLR) to receive an Investor Presentation

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THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES

Cartier Resources Inc. (TSX-V: ECR) (‘ Cartier ‘ or the ‘ Corporation ‘) is pleased to announce that it has closed its previously announced private placement with Paradigm Capital Inc. (the ‘ Agent ‘) for aggregate gross proceeds of $8,395,176.11 (the ‘ Offering ‘) through a combination of: (i) 27,473,627 units of the Corporation issued on a charitable flow-through basis qualifying as ‘flow-through shares’ (within the meaning of subsection 66(15) of the Income Tax Act (Canada) and section 359.1 of the Taxation Act (Québec)) (the ‘ Premium FT Units ‘) at $0.182 per Premium FT Unit for gross proceeds of $5,000,200.11; and (ii) 26,115,200 units of the Corporation (the ‘ Hard Dollar Units ‘) issued at $0.13 per Hard Dollar Unit for gross proceeds of $3,394,976.

Each Premium FT Unit consists of one common share in the capital of the Corporation (each a ‘ Common Share ‘) and one common share purchase warrant (each a ‘ Premium FT Warrant ‘), and each such Common Share and Premium FT Warrant qualifies as a ‘flow-through share’ (within the meaning of subsection 66(15) of the Income Tax Act (Canada) and section 359.1 of the Taxation Act (Québec)).

Each Hard Dollar Unit consists of one Common Share of the Corporation and one common share purchase warrant (each a ‘ Hard Dollar Warrant ‘), and for certainty, each Common Share and Hard Dollar Warrant does not qualify as a ‘flow-through share’ .

Each Premium FT Warrant and Hard Dollar Warrant entitles the holder thereof to acquire one Common Share of the Corporation (each a ‘ Warrant Share ‘) on a non-flow-through basis at an exercise price of $0.18 until April 23, 2030. The expiry of both the Premium FT Warrants and the Hard Dollar Warrants may be accelerated by the Corporation if the daily volume-weighted average trading price of the Common Shares on the TSX Venture Exchange (the ‘ TSXV ‘) exceeds $0.18 for a period of twenty (20) consecutive trading days, at any time during the period beginning on April 23, 2028 and ending on April 23, 2030 (the ‘ Acceleration Trigger ‘). Following an Acceleration Trigger, the Corporation may give notice in writing (the ‘ Acceleration Notice ‘) to the holders of the Premium FT Warrants and the Hard Dollar Warrants that such warrants will expire thirty (30) days following the date on which the Acceleration Notice is given.

In addition, in connection with Agnico Eagle Mines Limited’s (‘ Agnico Eagle ‘) right to participate in certain equity offerings by the Corporation under an amended and restated investor rights agreement dated March 20, 2025, Agnico Eagle participated in a concurrent non-brokered private placement pursuant to which it purchased 23,103,226 units of the Corporation (the ‘ Units ‘) at $0.13 per Unit for additional gross proceeds $3,003,419.38 (the ‘ Concurrent Offering ‘). Each Unit consists of one Common Share and one Hard Dollar Warrant, which for certainty do not qualify as a ‘flow-through share’.

The Corporation intends to use the proceeds arising from the Premium FT Units to incur eligible ‘Canadian exploration expenses’ that qualify as ‘flow-through mining expenditures’ (as both terms are defined in the Income Tax Act (Canada)) (the ‘ Qualifying Expenditures ‘) related to the projects of the Corporation in Québec. The Qualifying Expenditures will be renounced in favour of the subscribers of the Premium FT Units with an effective date no later than December 31, 2025 and in an aggregate amount of not less than the total amount of the gross proceeds raised from the issuance of the Premium FT Units. The gross proceeds from the Concurrent Offering will be used for exploration purposes, including a 100,000-metre diamond drill program on the Cadillac project, as well as for general and working capital purposes.

The Concurrent Offering constitutes a ‘related party transaction’ as defined under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (‘ MI 61-101 ‘), due to the fact Agnico Eagle had, prior to the Concurrent Offering, beneficial ownership of, or control or direction over, securities of the Corporation carrying more than 10% of the voting rights attached to all the outstanding voting securities of the Corporation. The Corporation is relying on Section 5.5(b) of MI 61-101 for an exemption from the formal valuation requirement under MI 61-101, as the Corporation is not listed on specified markets. The Corporation is relying upon the exemptions from the minority shareholder approval requirements pursuant to Section 5.7(1)(a) of MI 61-101 on the basis that neither the fair market value of the subject matter of, nor the fair market value of the consideration for, the transaction insofar as it involves interested parties (within the meaning of MI 61-101) in the Offering and/or the Concurrent Offering exceeds 25% of the Corporation’s market capitalization calculated in accordance with MI 61-101. No formal valuation or other prior valuation has been prepared in respect of the Corporation. A material change report will be filed by the Corporation less than 21 days in advance of the closing date of the Concurrent Offering as the final details thereof were not settled until shortly prior to the closing of the Concurrent Offering and the Corporation wished to close the Offering and Concurrent Offering in a timely manner for sound business reasons.

On closing of the Offering and Concurrent Offering, Agnico Eagle beneficially owned, or exercised control and direction over, an aggregate of 120,126,170 Common Shares and 30,103,226 common share purchase warrants, representing approximately 27.22% of the issued and outstanding Common Shares on an undiluted basis and 31.87% of the issued and outstanding Common Shares on a partially-diluted basis.

In consideration of the services rendered by the Agent in connection with the Offering, the Company paid the Agent a cash commission of $503,710.57 (representing 6.0% of the aggregate gross proceeds arising from the Offering) and issued 2,143 553 non-transferable compensation options (representing 4% of the total number of shares issued under the Offering) each exercisable for one (1) Common Share at a price of $0.13 until April 23, 2027.

The securities issued under the Offering and Concurrent Offering are subject to a statutory four month and one day hold period under applicable Canadian securities laws expiring on August 24, 2025. The Offering and Concurrent Offering are subject to the final acceptance of the TSXV.

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any state in which such offer, solicitation or sale would be unlawful. The securities 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 U.S. state securities laws, and may not be offered or sold to, or for the account or benefit of, persons in the ‘United States’ or ‘U.S. persons’ (as such terms are defined in Regulation S under the U.S. Securities Act) absent registration under the U.S. Securities Act and all applicable U.S. state securities laws, or in compliance with an exemption therefrom.

About Cartier Resources Inc.

Cartier Resources Inc., founded in 2006, is an exploration company based in Val-d’Or. The Corporation’s projects are all located in Québec, which consistently ranks among the world’s top mining jurisdictions. Cartier is advancing the development of its flagship Cadillac project, consisting of the Chimo Mine and East Cadillac properties, and its other projects.

Cautionary Note Regarding Forward-Looking Information

This news release contains ‘forward-looking information’ within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections, and interpretations as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance including in respect of the use of proceeds arising from the Offering and the Concurrent Offering and the tax treatment of the flow through shares (often but not always using phrases such as ‘expects’ or ‘does not expect’, ‘is expected’, ‘interpreted’, ‘management’s view’, ‘anticipates’ or ‘does not anticipate’, ‘plans’, ‘budget’, ‘scheduled’, ‘forecasts’, ‘estimates’, ‘believes’ or ‘intends’ or variations of such words and phrases or stating that certain actions, events or results ‘may’ or ‘could’, ‘would’, ‘might’ or ‘will’ be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This forward-looking information is based on reasonable assumptions and estimates of management of the Corporation, at the time it was made, involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Corporation to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Although the forward-looking information contained in this news release is based upon what management believes, or believed at the time, to be reasonable assumptions, the parties cannot assure shareholders and prospective purchasers of securities that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither the Corporation nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information. The Corporation does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

For more information, contact:

Philippe Cloutier, P. Geo.
President and CEO
Phone: 819-856-0512
Email: philippe.cloutier@ressourcescartier.com
www.ressourcescartier.com

Primary Logo

News Provided by GlobeNewswire via QuoteMedia

This post appeared first on investingnews.com

Much remains unknown regarding the progress of Washington’s nuclear talks with Iran, but the head of the U.N. nuclear watchdog, the International Atomic Energy Agency (IAEA), said the international community must ‘trust but verify’ that Tehran is engaging in good-faith negotiations. 

The U.S. and Iran are set to hold a third round of discussions on Saturday, which will deal with the technical aspects of Iran’s nuclear program, as well as political negotiations, according to reports. 

IAEA Director General Rafael Grossi has applauded the U.S.-Iran negotiations mediated by Oman, but said the top nuclear agency has not yet been asked to assist in the negotiations, though he has been in communication with Middle East envoy Steve Witkoff. 

‘I think there’s a general expectation that this goes well, and that the agreement is verified by the IAEA,’ Grossi told reporters from Washington, D.C., on Wednesday. ‘It’s good the United States and Iran have a direct conversation. Of course, there are parallel processes.

‘We have to keep our eyes on the ball. We must avoid Iran or prevent Iran from getting weapons. This is the objective.’

Grossi said that from the perspective of not only the top nuclear agency, but from world leaders he has been in communication with, there is a ‘degree of expectation’ that after the political agreements are hashed out between Washington and Tehran, it will be the IAEA that makes the nuclear terms ‘credible’ and ‘verifiable.’

‘They all are expecting the IAEA to step in at the right time,’ he said. ‘We are at their service to support, to make this thing credible. In a certain sense, they may have a political agreement, but then we have to make it verifiable.’ 

Fox News Digital obtained a copy of an address Iranian Foreign Minister Abbas Araghchi — who traveled to China on Wednesday to reportedly discuss progress in the nuclear negotiations — was set to give at the Carnegie International Nuclear Policy Conference, though he never delivered the address due to format change requests by Tehran that were denied by the host. 

But in his address, he was set to position Iran as a proponent of nuclear non-proliferation and said Iran’s position had been ‘mischaracterized.’

Since the U.S.’ withdrawal from the Joint Comprehensive Plan of Action (JCPOA), which Tehran has argued made the deal mute, Iran has significantly advanced its programs by stockpiling near-weapons-grade-enriched uranium to levels that, if further enriched, could produce five nuclear warheads, as well as its centrifuges and missile capabilities. 

When asked by Fox News Digital if Grossi assessed the Islamic Republic’s position to be honest, he said, ‘Trust, but verify. We need to verify.’

‘We are inspectors — that’s the only way we build trust,’ he added. 

Grossi said the administration needs to identify what the end goals of this latest deal will be, as the framework of the JCPOA — widely criticized by Trump — is now very dated due to the advancements Iran has made. 

Issues like uranium stockpiles, inventories, centrifuge advances and weaponization capabilities are all on the table in the U.S.-Iran negotiations. 

‘We have a much more complex field in front of us,’ Grossi warned. ‘The good thing is we know what we need to look at. We have a unique perspective of that.’ 


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President Donald Trump on Wednesday revealed plans to install two ‘beautiful’ 100-foot flagpoles on the White House lawns that will each fly an American flag.

Trump told reporters about the plans after he was spotted touring the North Lawn of the White House with Dale Haney, head White House groundskeeper.

‘We’re putting up a beautiful, almost 100-foot-tall American flag,’ Trump said, adding that the two flagpoles will be ‘top of the line.’

‘And they’ve needed flagpoles for 200 years,’ Trump told reporters. ‘It was something I’ve often said. You know, they don’t have a flagpole, per se. So we’re putting one right where you saw us, and we’re putting another one on the side on top of the mounds. It’s going to be two beautiful poles.’

The president noted that the flagpoles will be ‘paid for by Trump,’ and should arrive at the White House in about a week.

The White House currently flies an American flag from a flagpole on its rooftop. The flag is always flown there, no matter the president’s location. 

The POW/MIA flag has also been flown at the White House since 2019. 


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Several Supreme Court justices signaled sympathy Tuesday toward Maryland parents who are seeking to opt their children out of LGBTQ-themed classroom materials. One education expert said the case could lead to a ruling that expands parental rights in public schools nationwide. 

‘This looks pretty promising for the parent petitioners in this case,’ said Sarah Parshall Perry, vice president and legal fellow of the grassroots organization Defending Education. ‘I heard a lot of very aggressive questioning from the three liberal justices, but no matter how you slice this apple, it looks to be a very clear violation of the First Amendment, as exercised through the 14th Amendment’s right to direct a child’s religious upbringing.’

Perry previously served as the lead lawyer to the Assistant Secretary for Civil Rights at the U.S. Department of Education from 2020 to 2021, where she drafted the Office for Civil Rights’ (OCR) annual report to Congress.

‘They’re very malleable,’ Perry said of the 4-and 5-year-olds in the case. ‘They’re very much shaped by their environment, by what they’re exposed to, and they don’t have the meaningful agency to be able to opt out or object or push back. And so these individuals are learning their own familial values while being exposed to material that is, as Justice [Amy Coney] Barrett and Justice [Neil] Gorsuch pointed out, designed to influence their thinking.’

At the heart of Mahmoud v. Taylor is a lawsuit brought by religious parents—Muslim, Roman Catholic, and Ukrainian Orthodox—who argue that the school district’s policy violates their First Amendment rights by forcing their children to engage with instruction that contradicts their faith.

The Fourth Circuit Court, a federal appeals court, ruled last year that there was no violation of religious exercise rights, stating that the policy did not force parents to change their religious beliefs or conduct and that parents could still teach their children outside of school.

Several conservative justices, including Clarence Thomas and Samuel Alito, appeared sympathetic to the parents’ concerns during the two-and-a-half-hour oral debate. Alito questioned the moral messages conveyed by books like ‘Uncle Bobby’s Wedding,’ suggesting that such content might conflict with deeply held religious beliefs. Justice Brett Kavanaugh also pressed the school district’s attorneys on why opt-out provisions, similar to those in sex education, could not be extended to these storybooks.

Meanwhile, the liberal justices argued that mere exposure to these books may not constitute coercion or a violation of religious freedoms. The school district contended that the policy promotes inclusivity and exposure to LGBTQ viewpoints does not equate to forced belief changes.

‘I think it was highly sort of predictable,’ Perry said of the liberal justices’ arguments. ‘They are trying to prove that there is going to be too much of a burden on the school district to allow these children to opt out because the consequences could, for example, be catastrophic for the ability of a public school to manage its own affairs.’

‘The reason we see an issue like this at the Supreme Court is because these are issues directly related to religious liberty and directly related to the very early cognitive stages of development for minor children,’ Perry said. ‘And it’s very clear … that a burden of religious liberty within public education has to be treated quite seriously by the court and deference must be given to religious parents if the burden is very clear.’

‘I think in this instance, it is indeed crystal clear,’ she added. 

Among the storybooks at the center of the case is ‘Prince & Knight,’ a modern fairy tale aimed at children ages 4 to 8, which tells the story of two men who fall in love after joining forces to defeat a dragon and later marry. Another book frequently referenced during oral arguments was ‘Uncle Bobby’s Wedding,’ which follows a young girl processing her favorite uncle’s decision to marry another man.

‘Because parental rights have become sort of the cultural zeitgeist for where we are in this political day and age, I think we are certain to see more litigation, not less, and more pushback,’ Perry said. 

The Supreme Court is expected to issue a ruling in the case by late June.


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In this video, Joe highlights key technical setups in select country ETFs that are showing strength right now. He analyzes monthly and weekly MACD, ADX, and RSI trends that are signaling momentum shifts. Joe also reviews the critical level to watch on the S&P 500 (SPX), while breaking down important patterns in the QQQ, IWM, and Bitcoin. As always, he finishes with analysis on your most-requested stocks, applying his trusted multi-timeframe approach.

The video premiered on April 23, 2025. Click this link to watch on Joe’s dedicated page.

Archived videos from Joe are available at this link. Send symbol requests to stocktalk@stockcharts.com; you can also submit a request in the comments section below the video on YouTube. Symbol Requests can be sent in throughout the week prior to the next show.

Impacted by broad uncertainty, geopolitical risks and trade tensions, spot U308 prices fell 13.26 percent during Q1 2025, starting the session at US$74.74 per pound, and contracting to US$64.83 by March 31.

As factors outside the uranium market forced the spot price consolidation, the long term price remained steady holding at the US$80.00 level, a potential indicator of the market’s long term growth forecast.

Despite positive long term fundamentals propelling U308 spot prices to nearly two decade highs in 2024, the market has been unable to find continued support in 2025.

Much of the uncertainty has been introduced from the on and off and on again tariffs implemented by the Trump administration, which infused the already opaque uranium market with even more ambiguity.

As volatility rattles investors, US utility companies have also been impacted by the threat of first a 25 percent and then 10 percent tariff on uranium imports from Canada.

Jander questioned the motive behind tariffing a long standing ally, especially when the domestic sector is unable to satiate the national need.

“Does it make sense for the US to put tariffs on Canadian material, who is their best friend?” he asked rhetorically. “I don’t think so, because the US produces 1 million pounds a year. They need about 45 to 50 million pounds per year. So it feels like they’re just punishing themselves.”

With investors and utilities sidelined, U3O8 prices sank to an almost three year low of US$63.44 per pound on March 12, well off the 17 year high of US$105 per pound set in February 2024.

Chronic undersupply meets rising demand

The tailwinds that bolstered prices above the US$100 per pound level, largely remain intact, despite being faced with Trump’s trade tensions. Some of those drivers include the growing supply deficit.

According to the World Nuclear Association (WNA), in 2022 total mined supply only met 74 percent of global demand, a disparity that is still persistent, and growing.

“This year, uranium mines will only supply 75 percent of demand, so 25 percent of demand is uncovered,” Amir Adnani, CEO and president of Uranium Energy (UEC) (NYSEAMERICAN:UEC) said at VRIC 2025 in January.

Adnani went on to explain that after enduring nearly two decades of underinvestment, the uranium sector is grappling with one of the most acute supply deficits in the broader commodity space.

Unlike typical resource markets, where price surges prompt swift production responses, uranium has remained sluggish on the supply side, despite prices jumping 290 percent over the past four years.

According to Adnani this chronic underproduction stems from 18 years of depressed pricing and lackluster market conditions, which discouraged new mine development and shuttered existing operations.

“The fact that we’re not incentivizing new uranium mines simply means the commodity price isn’t high enough,” he said, of the US$74 per pound spot price.

Now with prices holding in the US$64 range, new supply is even less likely to come online in the near term, especially in Canada and the US.

Meanwhile, demand is set to steadily increase.

“Next year, uranium demand is going up because there are 65 reactors under construction, and we haven’t even started talking about small and advanced modular reactors,” said Adnani. “Small and advanced modular reactors are an additional source of demand that maybe not next year, but within the next three to four years, can become a reality.”

Supply setbacks mount

With prices sitting well below the US$100 per pound level – which is widely considered the incentive price – future supply is even more precarious.

Guidance reductions from uranium majors is only compounding the challenges on the supply side, but may be a potential price catalyst.

In 2024, Kazatomprom (LSE:KAP,OTC Pink:NATKY), the world’s largest uranium producer, revised its 2025 production forecast downward by approximately 17 percent, now projecting output between 25,000 and 26,500 metric tons of uranium.

This adjustment from the earlier estimate of 30,500–31,500 metric tons is attributed to ongoing challenges, including shortages of sulphuric acid and delays in developing new mining sites, notably at the Budenovskoye deposit.

In January, a temporary production suspension at the Inkai operation in Kazakhstan further threatened 2025 supply. The project, a joint venture between Kazatomprom and Cameco (TSX:CCO,NYSE:CCJ), was halted in January due to paperwork delay.

– YouTube

Rick Rule discusses his expectations for the resource sector in 2025.

While the news was a blow to the uranium supply picture, as veteran resource investor and proprietor of Rule Media, Rick Rule pointed out at VRIC 2025, the move could benefit the spot price.

“The thing that’s happened very recently that’s very bullish for uranium is the unsuccessful restart of Inkai, which I had believed to be the best uranium mine in the world,” said Rule in the January interview.

He continued: “At the time that it was shut down, it was the lowest cost producer on the globe, because of many things, including an unavailability of sulfuric acid in Kazakhstan, that mine hasn’t resumed production anywhere near at the rate that I thought it would. So there’s 10 million pounds in reduced supply in 2025 and the spot market is already pretty skinny.”

At the end of January production resumed at Inkai, however as Rule pointed out the mine failed to reach its projected output capacity in 2024, producing 7.8 million pounds U3O8 on a 100 percent basis, a 25 percent decrease from 2023’s 10.4 million pounds.

AI boom and clean energy push set stage for surge in uranium demand

Global uranium demand is projected to rise significantly over the next decade, driven by the proliferation of nuclear energy as a clean power source. According to a 2023 report from the WNA, uranium demand is expected to increase by 28 percent by 2030, reaching approximately 83,840 metric tons from 65,650 metric tons in 2023.

This growth is fueled by the construction of new reactors, reactor life extensions, and the global shift towards decarbonization. The rapid expansion of artificial intelligence (AI) is set to significantly increase global electricity demand, particularly from data centers.

“Electricity demand from data centres worldwide is set to more than double by 2030 to around 945 terawatt-hours (TWh), slightly more than the entire electricity consumption of Japan today,” an April report from the International Energy Agency notes. “AI will be the most significant driver of this increase, with electricity demand from AI-optimised data centres projected to more than quadruple by 2030.”

Nuclear energy is poised to play a crucial role in boosting global electricity production.

A recently released report from Deloitte indicates that new nuclear power capacity could meet about 10 of the projected increase in data center electricity demand by 2035.

However, “this estimate is based on a significant expansion of nuclear capacity, ranging between 35 gigawatts (GW) and 62 GW during the same period,” the market overview states.

While the more than 60 reactors under construction will meet some of this heightened demand, additional reactors and more uranium production will be needed to sustainably increase nuclear capacity.

Add to this the gradual restart of Japanese reactors and the disparity between supply and demand deepens. By the end of 2024 Japan had successfully restarted 14 of its 33 shuttered nuclear reactors, which were taken offline in 2011 following the Fukushima disaster.

Long-term upside remains intact

Although positive long term demand drivers paint a bright picture for the uranium industry, the current trade tensions from Trump’s tariffs have shaken the market.

Despite these challenges equities are still positioned to profit from the underlying fundamentals.

“I think that speculative fever is gone,” he said. The prices have normalized, consolidated. They haven’t been terrible performers, but they’ve consolidated, and I think they’re now ready for their next leg higher.”

This sentiment was reiterated by Sprott’s ETF product manager, Jacob White, who underscored the ‘buy the dip’ potential of the current market.

“We believe today’s price weakness presents a potentially attractive entry opportunity for investors who appreciate the strategic value of uranium and can weather near-term turbulence,” wrote White.

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

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Here’s a quick recap of the crypto landscape for Wednesday (April 23) as of 9:00 a.m. UTC.

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

Bitcoin and Ethereum price update

At the time of this writing, Bitcoin (BTC) was priced at US$94,294.96 and is up 4.4 percent in 24 hours. The day’s range has seen a low of US$89,896.28 and a high of US$94,320.19.

Bitcoin performance, April 23, 2025.

Bitcoin performance, April 23, 2025.

Chart via TradingView.

Trade tension escalation between China and the US continues to drag on the crypto market.

Ethereum (ETH) is priced at US$1,794.62, a 9.7 percent increase over the past 24 hours. The cryptocurrency reached an intraday low of US$1,641.13 and a high of US$1,815.85.

Altcoin price update

  • Solana (SOL) is currently valued at US$152.37, up 5.79 percent over the past 24 hours. SOL experienced a low of US$142.88 and peaked at $153.47.
  • XRP is trading at US$2.29, reflecting a 7.3 percent increase over the past 24 hours. The cryptocurrency recorded an intraday low of US$2.13 and reached its highest point at US$2.30.
  • Sui (SUI) is priced at US$2.91, showing an increaseof 25.5 percent over the past 24 hours. It achieved a daily low of US$2.37 and a high of US$2.97.
  • Cardano (ADA) is trading at US$0.7045, up 9.7 percent over the past 24 hours. Its lowest price on Wednesday was US$0.6483, with a high of US$0.7138.

Today’s crypto news to know

Bitcoin ETFs see US$936 million in daily inflows

US-listed spot Bitcoin exchange-traded funds (ETFs) recorded their strongest day of inflows since January, pulling in a combined US$936 million on Tuesday (April 22) across 10 issuers.

Leading the charge were Ark & 21Shares with US$267.1 million, Fidelity’s FBTC with US$253.8 million and BlackRock’s IBIT, which added US$193.5 million.

Over the past three days, total net inflows into Bitcoin ETFs have surpassed $1.4 billion, signaling renewed institutional confidence in crypto markets. Analysts attribute the momentum to persistent inflation, a weakening US dollar and growing fears over geopolitical instability, prompting investors to turn to Bitcoin as a hedge.

While still volatile, Bitcoin is increasingly being framed as “digital gold,” with ETF flows suggesting it’s becoming a staple in diversified portfolios. This week’s influx also reflects optimism that regulatory conditions are maturing, particularly in the US, where ETFs are rapidly gaining legitimacy among mainstream investors.

Bitcoin becomes fifth largest global asset, overtakes Google

Bitcoin has climbed to a market capitalization of US$1.86 trillion, overtaking Alphabet (NASDAQ:GOOGL) to become the world’s fifth-largest asset by market value. The price of Bitcoin surged past US$94,000, helped by easing trade tensions between the US and China and renewed bullish sentiment across tech and risk-on assets.

This marks a symbolic milestone for the cryptocurrency, which has now outpaced several of the world’s most valuable tech giants. Analysts point to Bitcoin’s increasing correlation with macroeconomic tailwinds — such as falling bond yields and speculative interest in risk assets — as drivers of the recent price action.

Its breakout relative to the Nasdaq also suggests growing investor confidence in crypto as a parallel to tech. If Bitcoin maintains this trajectory, some believe it could soon challenge silver’s position as the fourth-largest global asset.

Trump backs crypto regulation, Trump Media eyes retail crypto products

During a public appearance, US President Donald Trump called for regulatory certainty in the crypto industry and vowed to provide ‘clear rules of the road’ for digital asset innovation.

His statement coincided with Trump Media & Technology Group’s announcement that it will partner with Crypto.com and Yorkville America Digital to launch retail investment products, including crypto-focused ETFs aligned with Trump’s “America First” platform. The planned offerings aim to capitalize on the president’s growing presence in the digital asset space following prior ventures like Trump NFTs and crypto-affiliated partnerships.

While no official ETF filings have been submitted yet, the initiative signals Trump’s commitment to making crypto a policy priority as part of his economic strategy.

Tesla reports US$951 million in Bitcoin holdings despite earnings miss

Tesla (NASDAQ:TSLA) revealed it continues to hold $951 million worth of Bitcoin on its balance sheet, despite posting weaker-than-expected quarterly revenue of US$19.34 billion.

The automaker’s Bitcoin holdings, totaling 11,509 BTC, remained unchanged during the quarter, with no buy or sell activity recorded. This comes as Bitcoin’s price dipped from late December highs, impacting Tesla’s valuation of its digital asset portfolio under the new Financial Accounting Standards Board rules.

These rules now require corporations to mark digital assets to market on a quarterly basis, increasing transparency but also exposing earnings to crypto market volatility. Tesla’s crypto exposure, while relatively small compared to its core business, still makes it one of the top public holders of Bitcoin globally.

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

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

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