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House Republicans’ investigation into fraud within Minnesota’s social programs is likely to expand, House Oversight Committee Chairman James Comer, R-Ky., told Fox News Digital.

‘We need to know how deep this fraud in taxpayer-funded programs runs, not just in Minnesota, but across the country. The House Oversight Committee will expand its investigation to other states, because waste, fraud, and abuse cannot be tolerated anywhere,’ Comer said Tuesday.

The House Oversight Committee is probing allegations that federal and state funds were misused in Minnesota, an investigation that’s thrust top officials in the state government under scrutiny.

It’s also proved to be a potent political cudgel for Republicans against progressive leaders like Minnesota Gov. Tim Walz and state Attorney General Keith Ellison.

Both were summoned to Capitol Hill by Comer, who is holding a pair of high-profile hearings in the coming weeks while the federal government investigates allegations of fraud.

The first such event, taking place on Wednesday, will feature testimony from three Republicans in the state legislature. Walz and Ellison were summoned for a follow-up hearing on Feb. 10.

Comer said he would use the probe ‘as a blueprint to expand oversight and pursue accountability in other states’ as well.

It comes after Walz announced he would drop his bid for a third term as governor on Monday, citing the fervor around the fraud investigations.

‘Every minute that I spend defending my own political interests would be a minute I can’t spend defending the people of Minnesota against the criminals who prey on our generosity, and the cynics who want to prey on our differences,’ Walz said.

Walz previously said his administration has taken steps to crack down on the fraud, but argued federal officials are overinflating and politicizing the scope of the damage.

But Comer said Walz still ‘needs to testify under oath about what he knew, and when he knew it, about this massive fraud and money-laundering operation.’

Federal prosecutors in Minnesota have charged multiple people with stealing more than $240 million from the Federal Child Nutrition Program through the Minnesota-based nonprofit Feeding Our Future.

However, the probe has since widened to multiple state-run programs being investigated for potential fraud.

Childcare providers receiving state funding, mainly within the Somali community, are also under scrutiny.


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The State Department has intensified its criticism of Iran’s regime on its Persian-language account since the outbreak of nationwide protests against the ayatollahs, mirroring President Donald Trump’s forceful warning to Tehran.

Trump recently posted, ‘If Iran shots (sic) and violently kills peaceful protesters, which is their custom, the United States of America will come to their rescue. We are locked and loaded and ready to go. Thank you for your attention to this matter! President DONALD J.TRUMP.’

‘President Trump’s latest truth social post regarding Iran speaks for itself,’ a U.S. State Department spokesperson told Fox News Digital on Tuesday.

The State Department’s reinforcement of Trump’s pledge to aid Iranian demonstrators comes amid reports that protesters had taken control of many streets in Abdanan, in Ilam province in western Iran, on Tuesday. They chanted ‘Death to Khamenei’ and ‘This year is a year of blood, Seyed Ali (Khamenei) will be overthrown,’ according to videos sent to Iran International news organization.

The State Department’s Persian-language account, @USABehFarsi, appeared to issue a stark warning to Iran’s totalitarian rulers. ‘President Trump is a man of action. If you didn’t know before, now you do. Don’t mess with President Trump.’ The black-and-white picture showed Trump with his leadership team watching elite U.S. army forces seize the former Iran-backed Venezuelan dictator Nicolás Maduro.

Trump’s social media posts and the statements coming from the State Department’s account have emboldened Iranians both inside and outside of the country.

Potkin Azarmehr, a British-Iranian journalist, noted the contrast with previous administrations. ‘Well, what a contrast to Obama’s time when protesters in Iran in 2009 were angrily chanting, ‘Obama, are you with us or with them?’ Any international support, whether at grassroots level or government level is encouraging. Knowing that the world knows about you,’ he added that ‘The question is where are the Western activist elite protesters? Why are they not protesting? Are they on the side of the ayatollahs? An archaic religious apartheid?’

Iran analyst Alirzeza Nader said, ‘I think State is right to say that the alternative to the current regime will come from inside Iran. And that Iranians will choose their own leaders. Yes, it’s definitely better now. Unfortunately, the Obama and Biden administrations pushed the reformist line (the Reformist line espoused by Rouhani and Khatami). My advice to the Trump administration: stay neutral when it comes to the opposition’s leadership. Let Iranians figure it out.’

The former Iranian presidents, Hassan Rouhani and Mohammad Khatami, promised mild reforms but remain wedded to the Islamic Republic of Iran — a regime that has been repeatedly classified by the State Department as a leading state sponsor of terrorism.

Nadav Mohebb, who worked as a Persian media analyst for the State Department’s Public Affairs Bureau, said about the State Department’s Persian-language X account that ‘During the Biden administration, this account was effectively turned into a ghost town and largely lost its relevance and impact.’

He said, ‘Following President Trump’s recent tweet, we have seen a renewed level of activity reminiscent of his first term — an approach that has again drawn the attention of Iranians. Trump’s message effectively removed the account’s excessive caution, and over the past four days its anti-regime tone has noticeably intensified.’

Mohebb said, ‘The account should avoid involvement in opposition infighting, remain sensitive to Iranian public sentiment, and operate in alignment with the prevailing mood of Persian Twitter. I hope Trump’s warning message to the regime will serve as a catalyst for upgrading the messaging strategy of this account and restoring its former effectiveness.’

IRAN UNREST: Video shows clashes at Tehran

Reza Parchizadeh, an Iranian-American expert on the regime, said, ‘The State Department’s Persian-language account is performing effectively. Its messaging is deliberately structured to project a sense of American support and hope toward Iranian protesters, while also attempting to reflect the breadth and diversity of protest activity rather than treating it episodically or selectively. In itself, this represents a notable shift in approach.’

He noted, ‘The Obama era was fundamentally different in orientation and intent. That administration prioritized reaching a diplomatic accommodation with the Islamic Republic and reintegrating the regime into the international system. Within that framework, popular protests and organized opposition inside Iran were largely downplayed by the State Department in order to avoid complicating negotiations or signaling regime vulnerability.’


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Freegold Ventures Limited (TSX: FVL,OTC:FGOVF) (OTCQX: FGOVF) (the ‘Company’ or ‘Freegold ‘), is pleased to announce that further to its news release dated December 19, 2025, the Company has closed its upsized brokered private placement offering for aggregate gross proceeds of $49,999,950 (the ‘Offering’). Paradigm Capital Inc. (the ‘Lead Agent’) acted as lead agent and sole bookrunner under the Offering on behalf of a syndicate of agents, including Stifel Nicolaus Canada Inc. (‘Stifel’ and together with the Lead Agent, the ‘Agents’).

Freegold Logo (CNW Group/Freegold Ventures Limited)

In connection with the Offering, the Company entered into an agency agreement (the ‘Agency Agreement‘) dated January 6, 2026, between the Company and the Agents. In accordance with the Agency Agreement, 38,461,500 common shares of the Company (‘Common Shares‘) were issued at a price of $1.30 per Common Share.

The Company intends to use the net proceeds from the Offering to complete a Pre-Feasibility Study for the Golden Summit Project, to support ongoing exploration, and for general corporate and working capital purposes.

Completion of this financing marks a significant milestone for Freegold, demonstrating strong investor confidence and providing the capital needed to advance the Golden Summit Project. The successful closing reinforces the Company’s commitment to advancing the Golden Summit Project. Significant progress has already been made on the pre-feasibility study through supporting work, and this recent financing round has provided the Company with additional resources to aggressively advance the Golden Summit Project.

With substantial funding now secured, Freegold is well positioned to expedite completion of the pre-feasibility study by early 2027 and to expand exploration east of the current resource zone, aiming to unlock further value from the Golden Summit property. This strategic approach not only enhances the project’s long-term growth potential but also aligns with the Company’s vision of maximizing shareholder value through targeted exploration and responsible development. As the Company moves into this pivotal year, it remains focused on executing its work programs efficiently while maintaining strong relationships with its stakeholders and regulatory bodies.

Mr. Eric Sprott, through 2176423 Ontario Ltd., a corporation beneficially owned and controlled by him, acquired 7,700,000 Common Shares in the Offering for total consideration of $10,010,000. Pursuant to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (‘MI 61-101‘), the purchase of Common Shares by Mr. Sprott was a ‘related party transaction’. The Company was exempt from the requirements to obtain a formal valuation and minority shareholder approval in connection with the Offering in reliance on section 5.5(a) and section 5.7(1)(a) of MI 61-101 respectively, as neither the fair market value of the Common Shares received by Mr. Sprott nor the proceeds for such securities received by the Company exceeded 25% of the Company’s market capitalization as calculated in accordance with MI 61-101. The Company did not file a material change report more than 21 days before the expected closing date of the Offering as the details of the Offering and the participation therein by any ‘related party’ of the Company were not settled until shortly prior to the closing of the Offering, and the Company wished to close the Offering on an expedited basis for sound business reasons.

The Offering is subject to the final approval of the Toronto Stock Exchange. The Common Shares have been offered pursuant to the Listed Issuer Financing Exemption under National Instrument 45-106 – Prospectus Exemptions, as amended by Coordinated Blank Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption, in all Canadian provinces, except Quebec, and other qualifying jurisdictions. The Common Shares issued under the Listed Issuer Financing Exemption are not subject to resale restrictions in Canada pursuant to applicable Canadian securities laws.

There is an amended and restated offering document related to this Offering that can be accessed under the Company’s profile on SEDAR+ at www.sedarplus.com and on the Company’s website.

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 security laws, and may not be offered or sold in the United States without registration under the U.S. Securities Act and all applicable state securities laws or compliance with requirements of an applicable exemption therefrom. This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Freegold Ventures Limited
Freegold is a TSX-listed company focused on exploration in Alaska.

Forward-looking Information Cautionary Statement
This press release contains statements that constitute ‘forward-looking information’ (collectively, ‘forward-looking statements‘) within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this press release. Any statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as ‘expects’, or ‘does not expect’, ‘is expected’, ‘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 statements. Forward-looking statements contained in this press release, include, without limitation, statements regarding the anticipated use of proceeds from the Offering, statements regarding advancing the Golden Summit Project and other exploration plans, and statements regarding the timing for and expected completion of a pre-feasibility study. In making the forward-looking statements contained in this press release, the Company has made certain assumptions. Although the Company believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurance that the expectations of any forward-looking statements will prove to be correct. Known and unknown risks, uncertainties, and other factors may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: availability of financing; delay or failure to receive required permits or regulatory approvals; and general business, economic, competitive, political and social uncertainties. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this press release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise. See Freegold’s Annual Information Form for the year ended December 31, 2024, filed under Freegold’s profile at www.sedarplus.com, for a detailed discussion of the risk factors associated with Freegold’s operations.

SOURCE Freegold Ventures Limited

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President Donald Trump said Tuesday in an address before Republican lawmakers that first lady Melania Trump is no fan of when he dances in public, calling it ‘not presidential.’

‘My wife hates when I do this,’ Trump said Tuesday at the Kennedy Center during an address at the House GOP Member Retreat. 

‘She’s a very classy person, right? She said, ‘It’s so unpresidential.’ I said, ‘but I did become president.’ … She hates when I dance. I said, ‘Everybody wants me to dance.’’

”Darling, it’s not presidential,” he continued of what the first lady tells him. 

Trump dancing became a hallmark of 2024 campaign rallies, with Trump routinely kicking off and ending public events by dancing, frequently while the Village People’s ‘Y.M.C.A’ or Lee Greenwood’s ‘God Bless the U.S.A.’ blasted in the background. The signature dance typically includes Trump making a fist and shimmying his arms back and forth while pointing to people in the crowd. 

The president has previously mentioned the first lady did not approve of his rally dancing, recounting to crowds of supporters in 2023 in Iowa that: ‘She said, ‘Darling, I love you, I love you, but this is not presidential. You don’t dance off the stage. This is not presidential.”

Trump continued Tuesday that the first lady had pressed him that past presidents did not dance solo on political stages, pointing to President Franklin Delano Roosevelt as an example of how presidents should conduct themselves. 

‘She actually said, ‘Could you imagine FDR dancing,’’ he continued. ‘She said that to me.’

‘And I said, ‘There’s a long history that perhaps she doesn’t know because he was an elegant fellow, even as a Democrat.’

‘He was quite elegant, but he wouldn’t be doing this. But nor would too many others. But she said, ‘Darling, please, the weightlifting is terrible.’ And I have to say this, the dancing, they really like,’ Trump said of supporters who enjoy his rally dance routines. 

‘She said, ‘They don’t like it. They’re just being nice to you,” Trump recounted. 

‘I said, ‘that’s not right,” he continued. 

Trump’s comments on the first lady’s dislike of his dancing came amid him impersonating weightlifters while discussing biological males competing against biological females. Trump has said in public before that Melania Trump does not approve of him imitating weightlifters, as well as dancing during political events. 

Trump’s address before the group of Republican lawmakers follows a historic and busy weekend, when he confirmed the U.S. military carried out a successful strike in Venezuela and captured the nation’s former dictatorial president, Nicolás Maduro, and his wife. 

The pair, as well as others entrenched in the regime, were charged with narco-terrorism conspiracy charges. The couple pleaded not guilty in a New York City court Monday and are being held in a prison in Brooklyn. 

Tuesday’s event, however, is more focused on the party’s agenda for the coming year, as lawmakers prepare for the wild midterm season that will pick up steam in the coming months. 

Trump capped off his address by clapping and dancing to the ‘Y.M.C.A.’ as he walked offstage.


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A House Republican is seeking to tighten the screws on the U.S. immigration system in the wake of multiple investigations into alleged fraud within Minnesota’s social services system.

Rep. Wesley Hunt, R-Texas, introduced a bill on Tuesday that would terminate Temporary Protected Status (TPS) for people from Sudan, Syria, Yemen, Lebanon and Somalia.

Immigrants from those countries currently in the U.S. on refugee status would be forced to self-deport within 180 days of the bill’s enactment.

‘It’s important that we ensure that those entering our country are properly vetted, and they clearly have not been properly vetted. So what we are trying to do is ensure that we address this, we stop this,’ Hunt told Fox News Digital.

Part of his impetus for introducing the bill now, Hunt said, was the increased scrutiny on Minnesota’s Somali community as federal prosecutors investigate what they believe could be billions of dollars of fraud targeting social programs in the Midwestern state.

Federal prosecutors in Minnesota have charged multiple people with stealing more than $240 million from the Federal Child Nutrition Program through the Minnesota-based nonprofit Feeding Our Future.

The probe has since widened to multiple state-run programs being investigated for potential fraud, however.

Childcare providers receiving state funding, mainly within the Somali community, are also under scrutiny.

Pressure from the growing scandal pushed Minnesota Gov. Tim Walz to drop his bid for a third term. He said Monday that he did not want to distract from efforts to shield his residents from both fraudsters and people seeking to politicize the situation.

‘Every minute that I spend defending my own political interests would be a minute I can’t spend defending the people of Minnesota against the criminals who prey on our generosity, and the cynics who want to prey on our differences,’ Walz said.

Walz previously said his administration has taken steps to crack down on the fraud, but argued federal officials are over-inflating the scope of the damage.

‘I mean, looking at Tim Walz’s decision not to seek re-election — where there’s smoke, there’s fire. There certainly is more to come out of this situation,’ Hunt said. ‘He was clearly complicit in what was going on. That’s why he’s not seeking reelection, and so there’s a lot of ‘there’ that’s there, and it needs to be exposed, needs to be investigated.’

He added, ‘Making sure that we revoke these TPS designations is the beginning of cleaning up this mess.’

Hunt argued that his bill would help hasten the timeline for President Donald Trump’s move to end TPS for foreign-born Somalis in Minnesota.

He added that the wider purpose of the bill was also to block Sharia law from spreading in the U.S., noting it was something he experienced firsthand as a member of the military.

‘As somebody that has lived under Sharia law, somebody that has deployed to the Middle East, this is also a broader conversation about keeping people that hate our country out of here,’ Hunt said. ‘And so what we’re going to do is try to pass legislation that codifies what President Trump is trying to do.’

Hunt is currently running for U.S. Senate in Texas.


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As Venezuela enters the post-Nicolas Maduro era, former officials and regional experts warn the country may be facing not a democratic transition, but a period of deeper instability and internal conflict between possible successors that some warn could be even worse than Maduro.

Marshall Billingslea, the former assistant secretary for terrorist financing and financial crimes in the U.S. Treasury Department, said Maduro’s removal has exposed a fractured system that was never held together by a single strongman, but by competing criminal power centers now moving independently.

‘The cartel has always been a loose association, with each of the mafia bosses having their own centers of gravity,’ Billingslea said. ‘Maduro was the frontman, but he didn’t exercise total control. Now we’re seeing each of those centers spinning off on their own.’

Billingslea said the capture of Cilia Flores, Maduro’s wife, was as consequential as Maduro’s removal itself.

‘The capture of Cilia Flores is a particularly big deal because she was the brains behind the operation and the one who cleared out potential rivals,’ he said. ‘Her removal is equally significant.’

Billingslea outlined what he described as five competing power centers, four within the regime and one outside it. ‘The removal of Maduro, and particularly the removal of Cilia Flores, leaves a huge power vacuum in the cartel,’ he said. ‘We haven’t yet reached a new equilibrium here.’

In the interim, he foresees a high risk of internal power struggles, violence and further repression as rival factions maneuver to secure control in a post-Maduro Venezuela. But he notes that the Trump administration anticipates this and is executing a clear-eyed strategy to first secure U.S. core interests, followed by the gradual restoration of democracy, all without needing American ‘boots on the ground.’

Delcy Rodríguez takes over, but power remains contested

Delcy Rodríguez, Maduro’s longtime vice president, was quickly installed as interim leader. But her rise has done little to reassure Venezuelans or international observers that meaningful change is coming.

Rodríguez is deeply embedded in the Maduro system and has long played a central role in overseeing Venezuela’s internal intelligence and security apparatus. According to regional reporting, her focus since taking office has been consolidating control within those institutions rather than signaling political reform.

Former U.S. and regional officials say Delcy Rodríguez’s rise has revived long-standing questions about who truly influences her decisions as she moves to consolidate power.

Those officials point to Rodríguez’s deep ties with Cuban intelligence, which helped build and operate Venezuela’s internal security and surveillance apparatus over the past two decades. Cuban operatives played a central role in shaping how the regime monitored dissent and protected senior leadership, embedding themselves inside Venezuela’s intelligence services.

At the same time, former officials say Rodríguez appears to be testing cooperation with Washington, creating uncertainty over how much leverage the United States actually holds. Some view her limited engagement with U.S. demands as tactical, aimed at buying time while she works to secure loyalty inside the regime and neutralize rival factions.

A former Venezuelan official previously told Fox News Digital that Rodríguez ‘hates the West’ and represents continuity with the Maduro regime, not a break from it.

Cabello mobilizes loyalists

Diosdado Cabello, one of the most feared figures in the country, has emerged as a central player in the post-Maduro scramble for control.

Cabello, who wields influence over the ruling party and interior security, has been rallying armed colectivos and loyalist groups. Those groups have been active in the streets, detaining opponents and reinforcing regime authority through intimidation.

Sanctioned by the U.S. Treasury for corruption and alleged ties to drug-trafficking networks, Cabello is widely viewed as a figure capable of consolidating power through force rather than institutions.

Jorge Rodríguez holds the levers of control

Jorge Rodríguez, president of the National Assembly and brother of Delcy Rodríguez, remains one of the regime’s most important political operators.

Rodríguez has served as a key strategist for Maduro, overseeing communications, elections and internal coordination. Recent reporting indicates he continues to work closely with his sister to maintain control over intelligence and security structures, reinforcing the regime’s grip despite Maduro’s removal.

Experts say Rodríguez could play a central role in shaping any managed transition that preserves the system Maduro built.

Padrino López

Defense Minister Vladimir Padrino López, long considered the backbone of Maduro’s survival, remains a critical figure as well.

While Padrino López has not publicly positioned himself as a successor, analysts note that the armed forces are no longer unified behind a single leader. Senior generals are split across competing factions, raising the risk of internal clashes or a shift toward overt military rule if civilian authority weakens further.

Beyond the power struggle among regime elites, Venezuela faces a broader danger.

Large parts of the country are already influenced by criminal syndicates and armed groups. As centralized authority weakens, those actors could exploit the vacuum, expanding control over territory and smuggling routes.

Experts warned that an uncontrolled collapse could unleash forces more violent and less predictable than Maduro’s centralized repression, and the events unfolding now suggest that risk is growing.

Outside the regime, opposition leader María Corina Machado remains the most popular political figure among Venezuelan voters. But popularity alone may not be enough to translate into power.

Machado lacks control over security forces, intelligence agencies or armed groups. As repression intensifies and rival factions maneuver, her ability to convert public support into political authority remains uncertain.

Maduro’s fall, analysts say, did not dismantle Venezuela’s power structure. It fractured it.

With armed loyalists in the streets, rival factions competing behind the scenes, and an interim leader struggling to assert authority, Venezuela now faces a dangerous period in which the aftermath of Maduro’s rule could prove more chaotic — and potentially more brutal — than what came before, experts say. For Venezuelans, the question is no longer whether Maduro is gone, but whether anything that replaces him will be better.


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Health insurance companies are being summoned to Capitol Hill for a pair of blockbuster hearings as Americans across the country deal with rising costs for their care, Fox News Digital is first to learn.

The House Energy and Commerce Committee, which oversees health policy, and the Ways and Means Committee, which has jurisdiction over tax policy, are both holding hearings on the rising cost of healthcare in the U.S.

It’s not immediately clear which companies will be represented or if they will allow executives to appear voluntarily.

But the announcement appears to be the House GOP’s move to counter-program an expected vote this week on extending enhanced Obamacare subsidies that expired at the end of 2025.

Obamacare subsidies were expanded in 2020 and 2021 to be available to more people during the COVID-19 pandemic, but then-Democratic majorities in Congress were only able to extend those for a finite period of time.

Whether to extend those subsidies was the subject of fierce debate on Capitol Hill in the waning months of 2025.

The vast majority of Republicans are opposed to extending the subsidies, dismissing them as a pandemic-era relic that’s part of a broken federal healthcare system.

Republicans have also argued that the subsidies only eased costs for 7% of Americans and did nothing to tackle the root causes of high healthcare costs.

But the moderate GOP lawmakers and Democrats who support extending the program have pointed out that an extension would give Congress more time to work on a more permanent solution to healthcare while avoiding the cost cliff seen at the end of last year.

A small group of moderate Republicans joined Democrats in late December to successfully force a vote on a three-year extension, which is taking place on Thursday.

The legislation is likely dead on arrival in the Senate if it passes, however.

House Republicans passed a healthcare bill just before leaving Washington for their two-week holiday break in December.

The Lower Health Care Premiums for All Americans Act includes provisions to codify association health plans, which allow small businesses and people who are self-employed to band together to purchase healthcare coverage plans, giving them access to greater bargaining power.

Republicans also plan to appropriate funding for cost-sharing reductions beginning in 2027, which are designed to lower out-of-pocket medical costs in the individual healthcare market. House GOP leadership aides said it would bring down the cost of premiums by 12%.


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Canada is undermining its own mining advantage as persistent policy uncertainty continues to erode investor confidence across large parts of the country, according to new commentary from the Fraser Institute.

Julio Mejía, a policy analyst, and Elmira Aliakbari, director of natural resources studies at the Fraser Institute, argue that regulatory ambiguity, and not resource quality, is increasingly the decisive factor shaping investment decisions in the mining sector.

“Bad policies create uncertainty and deter investment,” the authors wrote, warning that without predictable rules and permitting frameworks, Canada risks falling behind competing jurisdictions that offer clearer pathways to project development.

Despite being one of the most mineral-rich jurisdictions in the world, Canada has struggled to translate geology into sustained capital investment.

The consequences are already visible in the data. Mining exploration spending slipped from around US$3.3 billion in 2022 to US$3.1 billion in 2023, with early figures pointing to another decline in 2024.

Broader mining investment totaled approximately US$11.3 billion in 2023, well below the inflation-adjusted peak reached more than a decade earlier.

Furthermore, several prominent companies such Solaris Resources, Falcon Energy Materials, and Barrick Mining, have either moved headquarters out of Canada or signaled they are weighing similar steps.

The commentary further underscores that these decisions are less about commodity prices and more about jurisdictional risk. While provinces such as British Columbia, Yukon, and Manitoba boast world-class mineral potential, investors routinely cite uncertainty around land claims, protected areas, and environmental approvals as reasons to hesitate or redirect capital.

This regulatory friction, the authors note, stands in sharp contrast to US mining jurisdictions. In states such as Nevada, Arizona, and Wyoming, investors report far lower levels of concern over land tenure and environmental permitting, even when mineral endowment is comparable.

The result is a widening competitiveness gap at a time when mining capital is increasingly mobile.

The authors argue that Canada should, in theory, be well positioned to benefit from that trend. Instead, they warn that inconsistent rules and overlapping regulatory processes are dulling the country’s appeal just as capital is seeking scalable, lower-risk opportunities.

That erosion matters beyond corporate balance sheets. Mining was Canada’s second-largest export sector in 2023, generating approximately US$86.6 billion in economic output and supporting more than 700,000 jobs. The industry also pays wages nearly double the national average and remains one of the largest private-sector employers of Indigenous workers.

The Fraser Institute’s annual survey of mining companies—now in its 26th year—is cited as evidence of how these policy concerns translate into investor sentiment.

While Saskatchewan, Newfoundland and Labrador, and Alberta continue to score well on regulatory perception, several other provinces rank poorly despite strong geology, reinforcing the argument that policy choices, not mineral scarcity, are driving investment outcomes.

Reversing the trend, according to Mejía and Aliakbari, does not require lowering environmental or social standards, but rather clarifying them.

Predictable timelines, consistent land-use decisions, and coherent permitting frameworks would allow companies to assess risk more accurately and commit capital with greater confidence.

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

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Locksley Resources (ASX: LKY,OTC:LKYRF; OTCQX: LKYRF and LKYLY) announced it has confirmed a continuous, high grade mineralized silver corridor at its Mojave Project in California following extensive surface reconnaissance and rock chip sampling across the North Block. The results materially extend known mineralization beyond the initial high grade silver discovery and strengthen the geological understanding of the project area. Specifics can be found here: https:cdn-api.markitdigital.comapiman-gatewayASXasx-research1.0file2924-03043548-6A1306070&v=undefined. The discovery represents an important advancement in the Company’s exploration strategy and identifies a new, potentially high-value component of the Mojave Project.

Kerrie Matthews, Managing Director and CEO said, ‘Defining a 3km mineralized trend with surface results of up to 409 g/t silver and 1.5% copper is a highly encouraging outcome. This discovery complements our core antimony development strategy and gives us exposure as a diversified U.S. critical minerals company.’ She added that the company is expected to advance this opportunity with a staged exploration program.

Locksley Resources (https://www.locksleyresources.com.au) is focused on critical minerals in the U.S. The company is actively advancing the Mojave Project in California, targeting rare earth elements (REEs) and antimony. Locksley is executing a mine-to-market strategy for antimony, aimed at reestablishing domestic supply chains for critical materials, underpinned by strategic downstream technology partnerships with leading U.S. research institutions and industry partners. This targeted approach, combined with resource development with innovative processing and separation technologies, positions Locksley to play a role in advancing U.S. critical materials independence.

Contact: Beverly Jedynak, beverly.jedynak@viriathus.com, 312-943-1123; 773-350-5793 (cell)

Cision View original content:https://www.prnewswire.com/news-releases/locksley-confirms-continuous-high-grade-mineralized-silver-corridor-at-its-mojave-project-in-california-302653895.html

SOURCE Locksley Resources

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Sen. Rand Paul, R-Ky., said that President Donald Trump is under the ‘thrall of Lindsey Graham’ following the U.S. operation in Venezuela, according to audio of the remarks by the lawmaker that MeidasTouch’s Acyn Torabi posted on X.

Paul said that after the first presidential debate in 2016, the Trump family told him that they liked him and the ‘idea of not being involved in foreign wars.’ 

‘It was something I liked about Donald Trump,’ Paul said. ‘It was one of the things, whenever I had misgivings about something else, I would always come back and say, ‘Well, he’s the best we ever had.’ Much better than the Bush’s, who were war mad and wanted to be involved in all these crazy wars overseas… ‘We’re gonna make the world safe for democracy.’ I never liked any of that. And I thought Trump was different, and so, it disappoints me, but he’s under the… thrall of Lindsey Graham.’

Paul has described Trump’s move to unilaterally depose Venezuela’s Nicolás Maduro without seeking congressional approval for the attack as ‘disdainful.’ 

Sen. Lindsey Graham, a hawkish Republican from South Carolina, has strongly supported the president’s action.

‘This is Lindsey Graham. Lindsey Graham has gotten to the president who expressed — I saw a clip — there’s like 20 clips of [Trump] saying he’s not for regime change and how regime change has always gone wrong. Somehow they’ve convinced him it’s different if it’s in our hemisphere,’ Paul said to reporters Monday, according to The Hill.

Torabi also posted audio on X in which Paul can be heard quipping, ‘There should be a law’ stipulating that Graham may only visit the White House ‘every other week’ and may only meet with ‘mid-level people, not the president. And no more golf outings.’

Graham was with Trump during a recent gaggle aboard Air Force One.

The senator also recently posted a photo on X that showed him giving a thumbs-up while smiling alongside of Trump, who was holding a cap that read, ‘MAKE IRAN GREAT AGAIN.’

Graham donned such a cap during an appearance on the Fox News Channel.

Trump endorsed Graham for re-election last year.


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