Author

admin

Browsing

Chen Lin of Lin Asset Management weighs in on silver and gold, as well as the critical minerals market, which is his favorite sector for 2026.

He also discusses how conflict in the Middle East could impact the resource sector.

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

This post appeared first on investingnews.com

Alvopetro Energy Ltd. (TSXV: ALV,OTC:ALVOF) (OTCQX: ALVOF) announces February sales volumes of 3,058 boepd (based on field estimates), a 1% decrease from January 2026 and an 8% increase over Q4 2025. In Brazil, February sales averaged 2,879 boepd, including natural gas sales of 16.2 MMcfpd and associated natural gas liquids sales from condensate of 185 bopd. In Canada, February sales averaged 179 bopd.

Natural gas, NGLs and crude oil sales:          

February

2026

     January

2026

Q4  

2025 

Brazil:

      Natural gas (Mcfpd), by field:

      Caburé

11,411

11,605

9,653

      Murucututu

4,752

4,698

5,439

      Total natural gas (Mcfpd)

16,163

16,303

15,092

      NGLs (bopd)

185

175

184

      Oil (bopd) (1)

15

20

Total (boepd) – Brazil

2,879

2,908

2,719

Canada:

      Oil (bopd) – Canada

179

191

148

Total Company – boepd(2)

3,058

3,099

2,867

(1)

Oil sales volumes in Brazil relate to the Bom Lugar and Mãe da lua fields. Alvopetro has entered into an assignment agreement to dispose of the fields, the closing of which is subject to standard regulatory approvals, including approval of the ANP.

(2)

Alvopetro reported volumes are based on sales volumes which, due to the timing of sales deliveries, may differ from production volumes.

Corporate Presentation

Alvopetro’s updated corporate presentation is available on our website at:
http://www.alvopetro.com/corporate-presentation. 

Social Media

Follow Alvopetro on our social media channels at the following links:
          X – https://x.com/AlvopetroEnergy
          Instagram – https://www.instagram.com/alvopetro/
          LinkedIn – https://www.linkedin.com/company/alvopetro-energy-ltd

Alvopetro Energy Ltd. is deploying a balanced capital allocation model where we seek to reinvest roughly half our cash flows into organic growth opportunities and return the other half to stakeholders. Alvopetro’s organic growth strategy is to focus on the best combinations of geologic prospectivity and fiscal regime. Alvopetro is balancing capital investment opportunities in Canada and Brazil where we are building off the strength of our Caburé and Murucututu natural gas fields and the related strategic midstream infrastructure.

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.

Abbreviations:

boepd                   

=             

barrels of oil equivalent (‘boe’) per day

bopd                       

=             

barrels of oil and/or natural gas liquids (condensate) per day

BRL                         

=             

Brazilian real

e3m3/d                   

=             

thousand cubic metre per day

m3/d                       

=             

cubic metre per day

Mcf                         

=             

thousand cubic feet

Mcfpd                   

=             

thousand cubic feet per day

MMcf                     

=             

million cubic feet

MMcfpd                 

=             

million cubic feet per day

NGLs                       

=             

natural gas liquids (condensate)

BOE Disclosure

The term barrels of oil equivalent (‘boe’) may be misleading, particularly if used in isolation. A boe conversion ratio of six thousand cubic feet per barrel (6 Mcf/bbl) of natural gas to barrels of oil equivalence is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. All boe conversions in this news release are derived from converting gas to oil in the ratio mix of six thousand cubic feet of gas to one barrel of oil.

Contracted Natural Gas Volumes

The contracted daily firm volumes under Alvopetro’s long-term gas sales agreement of 400 e3m3/d (before any provisions for take or pay allowances) represent contracted volumes based on contract referenced natural gas heating value. Alvopetro’s reported natural gas sales volumes are prior to any adjustments for heating value of Alvopetro natural gas. Alvopetro’s natural gas is approximately 7.8% higher than the contract reference heating value. Therefore, to satisfy the contractual firm deliveries Alvopetro would be required to deliver approximately 371e3m3/d (13.1MMcfpd).

SOURCE Alvopetro Energy Ltd.

Cision View original content: http://www.newswire.ca/en/releases/archive/March2026/05/c8049.html

News Provided by Canada Newswire via QuoteMedia

This post appeared first on investingnews.com

/Not for distribution to United States newswire services or for dissemination in the United States/

 Lithium Africa Corp. (TSXV: LAF) (‘Lithium Africa Resources’ or the ‘Company’) is pleased to announce that as a result of strong investor demand, the Company and ATB Cormark Capital Markets (the ‘Agent’) have agreed to increase the size of its previously announced ‘best efforts’ private placement from aggregate gross proceeds of C$5.0 million to aggregate gross proceeds of C$8.5 million (the ‘Offering’).

In connection with the Offering, the Company is pleased to announce that it has secured a lead order of approximately C$3.3 million from Purpose Global Resource Fund.

The Offering will consist of the issuance and sale of 4,250,000 units of the Company (the ‘Units‘) at a price of C$2.00 per Unit (the ‘Offering Price‘). Each Unit will consist of one common share of the Company (each, a ‘Unit Share‘) and one-half of one common share purchase warrant (each whole warrant, a ‘Warrant‘). Each Warrant will entitle the holder thereof to purchase one Common Share (a ‘Warrant Share‘) at an exercise price of C$2.80 per Warrant Share for a period of 3 years following the closing of the Offering.

The Agent will have the option, exercisable in whole or in part at any time up to 48 hours prior to the closing of the Offering, to sell an additional 750,000 Units at the Offering Price for additional gross proceeds of C$1,500,000.

As consideration for its services, the Agent will receive a 7.0% cash commission on the gross proceeds of the Offering and broker warrants (the ‘Broker Warrants‘) equal to 7.0% of the number of Units sold under the Offering. Each Broker Warrant shall entitle the holder thereof to acquire one Common Share at the Offering Price for a period of 2 years following the closing of the Offering.

The net proceeds from the sale of the Units will be used as partial consideration in connection with the acquisition of the Springbok Project and for working capital and general corporate purposes. An overview of the Springbok Project and the transaction terms are provided in the Company’s news release dated February 25, 2026.

The Offering is expected to close on or about March 18, 2026, or such other date as the Company and the Agent may mutually agree and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including the acceptance of the TSX Venture Exchange.

The Offering will be made way of private placement pursuant to applicable exemptions from the prospectus requirements in each of the provinces and territories of Canada and, in such other jurisdictions, in each case in accordance with all applicable laws, provided that no prospectus, registration statement or other similar document is required to be filed in such jurisdiction.

The securities offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, or any state securities law, and may not be offered, sold or delivered, directly or indirectly, within the United States, or to or for the account or benefit of U.S. persons, absent registration or an exemption from such registration requirements. This news release does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of securities in any state in the United States in which such offer, solicitation or sale would be unlawful.

About Lithium Africa Corp. 

The Company has an established 50/50 joint venture partnership with GFL International Co., Ltd. to jointly advance exploration in Africa (the ‘LAF-GFL JV‘) and through the LAF-GFL JV, the Company has an indirect 50% interest in a portfolio of exploration assets in hard rock pegmatite districts across a number of prospective African regions covering Ivory Coast, Guinea, Mali, Morocco and Zimbabwe. For more information, please visit www.li-africa.com.

ON BEHALF OF THE BOARD OF DIRECTORS OF Lithium Africa CORP.

Tyron Breytenbach, CEO & Director

Cautionary Note Regarding Forward-Looking Statements 

Statements contained in this news release that are not historical facts may be forward-looking statements, including statements in respect of the closing of the Offering, the use of proceeds of the Offering, the participation of Purpose Investment in the Offering, and the acquisition of Springbok Project. These forward-looking statements involve risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. In addition, the forward-looking statements require management to make assumptions and are subject to inherent risks and uncertainties. There is significant risk that the forward-looking statements will not prove to be accurate, that the management’s assumptions may not be correct and that actual results may differ materially from such forward-looking statements. Accordingly, readers should not place undue reliance on the forward-looking statements. Generally forward-looking statements can be identified by the use of terminology such as ‘anticipate’, ‘will’, ‘expect’, ‘may’, ‘continue’, ‘could’, ‘estimate’, ‘forecast’, ‘plan’, ‘potential’ and similar expressions. These forward-looking statements are based on a number of assumptions which may prove to be incorrect which, without limiting the generality of the following, include: the ability to raise funds through private or public equity financings; general business, economic, competitive, political and social uncertainties; delay or failure to receive regulatory approvals; risks inherent in exploration activities; the impact of exploration competition; unexpected geological conditions; changes in government regulations and policies, including trade laws and policies; failure to obtain necessary permits and approvals from government authorities; volatility and sensitivity to market prices; volatility and sensitivity to capital market fluctuations; environmental and safety risks including increased regulatory burdens; weather and other natural phenomena; and other exploration, development, operating, financial market and regulatory risks. The forward-looking statements contained in this press release are made as of the date hereof or the dates specifically referenced in this press release, where applicable. Except as required by applicable securities laws and regulation, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. All forward-looking statements contained in this press release are expressly qualified by this cautionary statement. 

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.

SOURCE Lithium Africa Corp.

Cision View original content: http://www.newswire.ca/en/releases/archive/March2026/05/c2612.html

News Provided by Canada Newswire via QuoteMedia

This post appeared first on investingnews.com

House Democrats largely voted to allow the Department of Homeland Security (DHS) shutdown to keep going on Thursday, shrugging off Republicans’ concerns about the increased domestic terror threat amid the U.S.-Israeli operation in Iran.

It comes hours after President Donald Trump shocked Capitol Hill by ousting DHS Secretary Kristi Noem and appointing Sen. Markwayne Mullin, R-Okla., as his replacement.

But that did not stop the vast majority of Democrats from voting against a bipartisan DHS funding bill aimed at funding the cabinet agency through Sept. 30, the end of the fiscal year. 

The bill did pass the House in a 221 to 209 vote, with all but four House Democrats voting against it — a significant indicator that Noem’s firing is not enough to tip the scales in the ongoing standoff. The Democrats who voted in favor of the funding bill are Reps. Henry Cuellar, D-Texas, Jared Golden, D-Maine, Marie Gluesenkamp-Perez, D-Wash., and Don Davis, D-N.C.

Nearly identical legislation already passed the House in January, but House GOP leaders wanted to force the vote again in light of heightened national security concerns within the country’s borders.

While largely symbolic, it shows Republicans’ pressure strategy is falling on deaf ears as the left continues to protest President Donald Trump’s strategy to combat illegal immigration.

The bill was the product of original bipartisan negotiations that followed the longest-ever full government shutdown in U.S. history, which ended in November after 43 days.

It would fully fund all aspects of DHS while also including new guardrails on Immigration and Customs Enforcement (ICE) demanded by Democrats, like a body-worn camera mandate and new required training on public engagement and de-escalation.

But Democrats walked away from the deal en masse amid fallout from Trump’s immigration crackdown in Minnesota, which saw two U.S. citizens shot and killed by federal agents during anti-ICE demonstrations there. The operation has since ended.

Democratic leaders are still insisting on withholding their caucus’ support, however, until further restrictions are put on ICE and Customs and Border Protection (CBP) agents on the ground in various cities.

And House Minority Leader Hakeem Jeffries, D-N.Y., signaled to reporters that Noem’s ouster was not enough.

‘It’s not like Kristi Noem was the one who was involved in negotiating anything. She was a corrupt lackey. So we were dealing with the White House before, and we’re going to continue to deal with the White House at this point,’ he said.

Meanwhile, the resulting DHS shutdown has taken on new significance as the U.S. continues its campaign to take out Iran’s top leadership and its military sites.

Republican leaders are warning that keeping DHS in a shutdown state is dangerous for national security, given its jurisdiction over agencies that monitor threats from home and abroad.

‘Now is the time to be vigilant at home and to ensure that all of our doors are locked, so to speak,’ Speaker Mike Johnson, R-La., said during a press conference Wednesday. ‘And yet, as all this is happening, we have Democrats running around here playing political games in Congress. It’s infuriating. They’ve shut down the very agency that is responsible for securing the homeland.’

House Minority Leader Hakeem Jeffries, D-N.Y., called Republicans’ argument ‘insane’ when asked by Fox News Digital earlier this week.

‘Donald Trump launches an unauthorized war in the Middle East. … He decides that he wants to spend billions of dollars to bomb Iran, rather than spend taxpayer dollars to lower the grocery bills that are crushing the American people, and then wants to use his unauthorized war as an excuse to continue spending taxpayer dollars to brutalize or kill American citizens by continuing to unleash ICE without restriction on the American people?’ Jeffries posed. ‘I think it’s ridiculous.’

It’s the Senate, however, where passing that DHS funding bill is actually key to ending the shutdown. The upper chamber voted again Thursday on the original legislation that passed the House in January, but it failed to reach the 60 votes necessary to overcome a filibuster.

Related Article

McCarthy urges Democrats to ‘do your job’ as DHS funding stall heightens security concerns
McCarthy urges Democrats to ‘do your job’ as DHS funding stall heightens security concerns

This post appeared first on FOX NEWS

Sen. Markwayne Mullin, R-Okla., was just tapped to replace embattled Homeland Security Secretary Kristi Noem, but first he must be confirmed by the Senate.

But with anger and frustration over the direction of the Department of Homeland Security under Noem still simmering, and the agency still shut down, Senate Democrats aren’t likely to make that an easy process.

Still, Mullin said he was ready for the challenge ahead.

‘We’re going to try to earn everybody’s vote,’ Mullin said.

‘I want people to understand I’m not — when I go into this position, yes, I’m a Republican, yes, I’m conservative,’ he continued. ‘But the Department of Homeland Security is to keep everybody — regardless of whether you support me, if you don’t support me, regardless of what your thoughts are — I’m here to enforce the policies that Congress passed.’

Mullin’s confirmation process could become the next battleground for Senate Minority Leader Chuck Schumer, D-N.Y., and Democrats to continue their campaign of handcuffing Immigration and Customs Enforcement (ICE).

They have so far rejected every offer from the White House on compromise reforms to the agency and on Thursday again blocked a full-year funding bill to reopen DHS.

‘I’ve been asked if I would support Sen. Mullin as Noem’s replacement,’ Schumer said on X. ‘The answer is a resounding NO. The rot in DHS is deep, much deeper than any individual. It’s a question of policy, not personnel. The Senate should not consider any DHS Secretary nominee until DHS and ICE are reined in.’

Mullin said that he would sit down with Schumer if the top Senate Democrat wished, but reiterated that he was after every Democrats’ vote for the job.

‘At the end of the day, all I can do is do my job,’ Mullin said. ‘I’m not going to get into, you know, a tit-for-tat, but if they have real concerns, I’m going to listen to it. I’m going to see if it’s practical. But nothing’s going to prevent me from doing my job.’

Floor and committee time is a valuable commodity in the Senate, which is currently processing a colossal housing package and still trying to reopen the very agency Mullin has been tapped to run.

Senate Majority Leader John Thune, R-S.D., hopes to get the ball rolling quickly to fill the position, given that President Donald Trump set Noem’s exit date from the job for March 31.

‘He’s obviously pretty well-vetted around here, so hopefully we can get the process going, because I think that’s a position that’s going to need to be filled quickly,’ Thune said.

And Noem’s confirmation last year wasn’t a smooth process, either. The Senate confirmed her 59 to 34, with only seven Senate Democrats voting with all Republicans to install her in the position. 

Sen. Gary Peters, D-Mich., was one of the few who joined Republicans to confirm Noem. He’s also the top-ranking Democrat on the panel and will be heavily involved in vetting his colleague for the position.

When asked by Fox News Digital if he envisioned hurdles for Mullin ahead, Peters said, ‘I don’t know.’

‘I haven’t thought about it yet,’ he said. ‘This is all new information, so give me time to process it. Then I’m happy to answer questions.’

Trump’s decision to tap Mullin comes as support among Senate Republicans for Noem was crumbling. She faced a grilling from Sens. Thom Tillis, R-N.C., and John Kennedy, R-La., during a Senate Judiciary Committee hearing earlier in the week, and many Republicans weren’t quick to say they still backed her afterward.

Others were still in her corner.

‘I think Kristi Noem has done a good job,’ Sen. Rick Scott, R-Fla., said.

Still, despite what could become a grueling confirmation effort, Mullin has at least one Senate Democrat he doesn’t have to worry about supporting him: Sen. John Fetterman, D-Pa., who called the lawmaker a ‘nice upgrade’ compared to the outgoing Noem.

‘Yes, we’re in a different party, but this is the choice,’ Fetterman said. ‘I want to work together to make our America more secure.’

Related Article

Schumer, Dems hold firm on DHS funding despite Noem
Schumer, Dems hold firm on DHS funding despite Noem’s bombshell ousting

This post appeared first on FOX NEWS

In less than a week, Canadian Prime Minister Mark Carney has gone from supporting U.S. actions against Iran to raising the issue that the U.S. and Israel ‘acted without engaging the United Nations or consulting with allies, including Canada’ to on Wednesday not ruling out Canadian military participation in the conflict.

‘He’s been all over the place,’ Nader Hashemi, a Canadian-born associate professor of Middle East politics at Georgetown University, told Fox News Digital. ‘It doesn’t look very good for him or for the government of Canada.’

‘My own reading is that he’s influenced by public opinion and his understanding of Canada’s national interests and where they lie, and specifically the relationship with the United States at its core. His first statement was very supportive of the American-Israeli attack and then he walked it back two days later when he got a lot of pushback because there was no reference to Canada’s support for international law, rules-based order and the United Nations.’

When asked whether Canada would join the U.S. military against Iran during his visit to Australia on Wednesday, Carney told reporters that ‘one can never categorically rule out participation’ and that Canada ‘will stand by our allies, when makes sense.’

However, former NATO commander and retired Canadian major-general David Fraser told CTV News Channel that it’s ‘unlikely’ that Canada would be drawn into the U.S.-Israeli war against Iran unless a member state, such as Turkey, called for assistance under Article 5 of the North Atlantic Treaty.

Carney’s latest comments signal the Canadian prime minister’s desire to ensure that ‘it doesn’t create a deeper rupture with the United States than already exists,’ said Hashemi.

Melissa Lantsman, deputy leader of the Canadian Conservative Party, summarized the prime minister’s changing position on the U.S.-Israeli attacks on Iran with a post on X: ‘We support it, we’re upset about it, we think it’s bad, but also, we might join in.’

Her colleague, Michael Chong, the Conservative shadow minister for foreign affairs, told Canadian broadcaster CTV that ‘supporting the airstrikes and at the same time calling for a secession of those strikes’ is ‘an inherent contradiction.’

Carney has also had pushback from the political left.

After the airstrikes against Iran began, Alexandre Boulerice, foreign affairs critic for the New Democratic Party of Canada, said in a statement that his party ‘strongly condemns the American and Israeli bombings of Iran’ and ‘deplores the Carney government’s decision to blindly support this dangerous venture by Israel and Donald Trump’s administration. We want Canada to be a voice for diplomacy, peace and international law.’

During his Australian tour this week, the prime minister said that ‘hegemons are increasingly acting without constraint or respect for international norms or laws while others bear the consequences.’

He also said Canada supports ‘efforts to prevent Iran from obtaining a nuclear weapon and to prevent its regime from further threatening international peace and security,’ but noted that Canada ‘take[s] this position with regret because the current conflict is another example of the failure of the international order.’

Carney said that ‘Canada calls for a rapid de-escalation of hostilities and is prepared to assist in achieving this goal.’

At a security and defense conference in Ottawa, also this week, Foreign Affairs Minister Anita Anand said that Canada calls ‘on all sides to respect the rules of international engagement’ and that ‘international law binds all parties’ in the Middle East conflict.

The results of an Angus Reid Institute poll, involving 1,619 respondents and released on Tuesday, showed that 49% of Canadians opposed the U.S.-Israeli airstrikes against Iran, while 34% were supportive.

Related Article

Trump presses NATO partners on support as Hegseth blasts hesitation
Trump presses NATO partners on support as Hegseth blasts hesitation

This post appeared first on FOX NEWS

Rick Rule, proprietor at Rule Investment Media, shares updates on his current strategy in the resource space, mentioning gold, silver, oil and agriculture.

He also reminds investors to pay more attention to gold’s underlying drivers than to current events.

Click here to register for the Rule Symposium.

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

This post appeared first on investingnews.com

Canada’s government unveiled a sweeping new suite of investments this week designed to cement the nation’s role as a global leader in the burgeoning critical minerals sector.

Speaking on Tuesday (March 3) at the Prospectors & Developers Association of Canada (PDAC) convention in Toronto, Minister of Energy and Natural Resources Tim Hodgson outlined more than C$3.6 billion in programs and funding commitments to help get Canadian minerals “from mine to market.’

The initiatives include up to C$165.2 million for 22 Canadian projects to accelerate planning, development and processing capacity, unlocking over C$434 million in critical minerals project capital across eight provinces.

This comes alongside the launch of the C$1.5 billion First and Last Mile Fund, aimed at building key infrastructure, from roads to electricity transmission, that will help mines move minerals to processing hubs and markets.

“The government is making smart investments so we can put our mineral wealth to work … and ensure all Canadians benefit,” Hodgson said, emphasizing that these efforts will support good-paying jobs, bolster economic and national security and strengthen rural and remote communities.

The funding announcements are fresh on the heels of the Fraser Institute’s Annual Survey of Mining Companies, which tracks the investment attractiveness of global mining jurisdictions.

In the 2025 report, Canadian provinces took the number two (Ontario) and three (Saskatchewan) spots, with Ontario jumping from its 15th place position on the list in 2024.

Ottawa’s vision shapes Canadian mining strategy

Hodgson’s federal investment remarks followed an address delivered on Sunday (March 1) by Claude Guay, parliamentary secretary to the minister, during PDAC’s opening ceremonies.

He underscored that Ottawa sees critical minerals as much more than commodities.

“Critical minerals are not just important, they’re foundational. They are the backbone of the clean energy transition and increasingly essential to our national security,’ Guay told the audience.

“In a time of geopolitical tension, accelerating climate ambition and growing competition for strategic resources, Canada is acting decisively,” he continued. “Not only in what we extract, but in how we build, process, refine, recycle and deliver value across the entire supply chain.”

Guay framed the current moment as a structural shift: “Canada and the world are entering a new era. An era where critical minerals have become a strategic asset — where energy security, economic competitiveness and industrial sovereignty are inseparable from how we develop and manage our natural resources.”

Canada, he argued, is uniquely positioned. It hosts roughly 170 advanced-stage mineral projects, more than half of which are expected to come online in the coming years, spanning rare earths, lithium, copper and graphite.

Combined with a stable governance framework and environmental standards, that resource base gives Canada a “privileged position at home and abroad.”

“Canada is not just rich in resources,” Guay said. “Canada is rich in trust and reliability.”

But Ottawa’s strategy goes beyond extraction. The federal government is pushing to build end-to-end value chains, turning raw materials into processed inputs and advanced products within Canada.

“Our approach is not simply about digging minerals out of the ground,” he said. “It’s about creating good jobs, strengthening rural and northern communities and supporting our industrial and national security needs.”

Critical minerals are now explicitly tied to defense, artificial intelligence and advanced manufacturing, he added. “Their availability is a matter of sovereignty as much as prosperity.”

A key pillar of that strategy is Canada’s Major Projects Office (MPO), established to streamline approvals and coordinate federal decision making on large-scale developments.

Since its creation, Guay said, more than C$116 billion worth of nation-building projects have been referred to the office, including several aimed at advancing critical minerals supply chains.

“These projects will accelerate and anchor Canada’s copper, nickel and tungsten supply chains — minerals fundamental not only to clean technology, but also to defense systems, aerospace and telecommunications,” he said.

Guay stressed that while the MPO aims to provide greater certainty for investors, it will do so while upholding Indigenous rights and strong environmental standards.

The federal government’s 2026 budget further reinforces that direction. Guay noted that the spending plan, recently approved in parliament, introduced a new Critical Minerals Sovereign Fund, which is designed to mobilize private capital and provide anchor investments for strategic projects.

“The goal is simple,” he said. “Provide the certainty needed to get projects over the line.”

As mentioned, the First and Last Mile Fund is also now in action with the aim of closing infrastructure gaps that often stall mining developments, ensuring minerals can reach processors, manufacturers and export markets.

In addition, the government has expanded eligibility for the Critical Mineral Exploration Tax Credit to include 12 further minerals deemed essential for defense, semiconductor and energy technologies.

“Together, these measures serve one clear objective: building more at home than anyone, anywhere else,” Guay said.

Aside from that, he emphasized the importance of alliances.

Canada is working with partners under initiatives such as the Critical Minerals Production Alliance and within the G7 framework to strengthen supply chains and reduce overreliance on dominant producers.

“We are in a context where materials are too often controlled by a few actors, some better than others,” Guay said. “Canada stands ready to be a reliable partner.”

Domestic collaboration

At the center of the federal vision, he said, is reconciliation with Indigenous peoples.

More than 500 Indigenous mining agreements are currently active across the country, formalizing long-term community benefits and social license arrangements.

Indigenous groups are increasingly participating as equity partners and co-managers in resource and infrastructure projects, supported by federal programs, including C$80 million through the Indigenous Natural Resources Partnerships Program, C$13.5 million under a critical minerals infrastructure grants stream and up to C$10 billion in loan guarantees through the Indigenous Loan Guarantee Program.

“This is economic partnership and reconciliation in action,” Guay said.

Guay underscored the global implications of the conversations and deals that happen at PDAC.

“What happens in these rooms does not stay in these rooms,” he said. “These conversations will shape supply chains, energy systems and economic resilience on every continent.”

For Canada, the objective is clear.

“As a strong sovereign country that has chosen to transform its mineral wealth into a strategic national asset, Canada has what the world wants,” Guay said. “We stand ready to lead, ready to partner and ready for business.”

“We are not only preparing for this new global era,” he added. “We are shaping it.”

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

This post appeared first on investingnews.com

Sen. Markwayne Mullin, R-Okla., will have at least one Democratic ‘yes’ vote in support of his nomination to become President Donald Trump’s next Department of Homeland Security (DHS) secretary. 

Trump announced Thursday afternoon that he tapped Mullin to replace outgoing DHS Secretary Kristi Noem, who will leave the agency March 31. Sen. John Fetterman, D-Pa., immediately threw his support behind Mullin’s nomination, dubbing the Oklahoma lawmaker a ‘nice upgrade’ compared to Noem. 

Fetterman repeatedly called for Noem’s ouster and said Thursday he was pleased with Trump’s decision. 

‘We’re in a different party, but this is the choice. I want to work together for making our America more secure,’ he said. 

Fetterman also said that he strongly believes Mullin already has the votes to win confirmation. Senate Republicans are widely expected to back Mullin’s nomination, and the jovial Oklahoma lawmaker could win over some Democrats. Sen. Lisa Murkowski, R-Alaska, who has voted against some Trump nominees, said she has a ‘great deal of respect’ for Mullin and is ‘OK’ with his nomination.

Under Senate rules, cabinet nominations are set at a 51-vote threshold. 

However, many of Fetterman’s Democratic colleagues were either noncommittal about Mullin’s nomination or suggested they would not support him.

‘Whoever follows Kristi Noem is going to have to be totally and radically different in their approach to running this agency,’ Sen. Richard Blumenthal, D-Conn., said Thursday. ‘Changing the person at the top is no substitute for changing the practices and the power structure of a department that is out of control.’

Blumenthal added that Mullin would have to commit to Democrats’ various reforms seeking to rein in immigration enforcement in order to win his vote. 

Mullin has repeatedly criticized Democrats’ proposal to prohibit federal immigration officers from wearing masks and requiring judicial warrants during enforcement operations.

‘I like him personally,’ Sen. Brian Schatz, D-Hawaii, a member of Senate Democratic leadership, said of Mullin before adding that it was too early to debate his nomination.

Sens. Jack Reed, D-R.I., and Elissa Slotkin, D-Mich., told Fox News Digital that they would not yet weigh in on Mullin’s nomination. Slotkin notably voted for Noem’s confirmation despite later souring on the secretary.

Sen. Markwayne Mullin takes questions after Trump taps him for DHS

Mullin appeared somewhat taken aback by the news of his nomination when talking with reporters outside the U.S. Capitol on Thursday afternoon.

‘No, the president and I still have to communicate, so we’ll talk about it moving forward,’ Mullin said. ‘The president and I have already talked … I’ll talk to you all [later].’

Fetterman has been the lone Democrat to advance a DHS spending measure amid a funding standoff over the agency’s appropriations that has no clear end in sight.

He poured cold water on the prospect of his Democratic colleagues reversing course to support funding DHS in response to Mullin’s nomination, telling reporters he expected ‘no change’ with the partial shutdown.

Related Article

‘Blankies,’ ICE tactics and luxury jets: Top moments from Noem’s House testimony

This post appeared first on FOX NEWS

The House of Representatives narrowly voted to allow President Donald Trump to continue Operation Epic Fury in Iran on Thursday.

A bipartisan resolution led by Reps. Thomas Massie, R-Ky., and Ro Khanna, D-Calif., failed to pass after several Democrats joined most Republicans in sinking it. 

The legislation was aimed at blocking Trump from using the Armed Forces in the joint U.S.-Israeli operation in Iran, which would likely force the strikes to grind to a halt.

The Trump administration, as well as the majority of Republicans in Congress, have insisted that the president has acted within his authority so far and are hopeful he will continue to do so.

But Democrats, along with Massie and Rep. Warren Davidson, R-Ohio, are largely skeptical.

‘The Ayatollah was not a president. He was a religious leader from a region notorious for radical Islamists and the United States and Israel turned him into a martyr,’ Massie said during debate on the resolution. ‘If Congress wants war, then the speaker should hold a vote to declare it.’

Davidson said Wednesday, ‘The moral hazard posed by a government no longer constrained by our Constitution is a grave threat.’

Other Republican lawmakers said they were concerned that handicapping the operation now could do more harm than good.

‘I think the president is well within his legal authorities to conduct this operation,’ Rep. Mike Lawler, R-N.Y., told Fox News Digital on Tuesday. ‘I think any effort to stymie that would actually jeopardize our national security and jeopardize our troops.’ 

Rep. Ryan Mackenzie, R-Pa., told Fox News Digital, ‘I’ll be voting no, against the War Powers Act, because once the president has taken that action, that first action, if we were to pull back, it would actually leave us more vulnerable and less safe by leaving all of their capabilities in place, but having started a conflict like this.’

U.S. officials have said their targets remain Iran’s military assets, senior leadership, and nuclear capabilities. Secretary of War Pete Hegseth told reporters this week that the operation will have a finite timeline.

But Democrats are accusing Trump of plunging the U.S. into a seemingly endless conflict while running roughshod over Congress’ Article I authority.

‘Donald Trump has taken America to war without authorization, without explanation, without a strategy or an exit plan. Six brave service members have already given the ultimate sacrifice,’ House Minority Whip Katherine Clark, D-Mass., said on Wednesday.

The Thursday vote comes a day after the Senate shot down a resolution from Sen. Tim Kaine, D-Va., aimed at limiting Trump’s military actions in Iran following days of speculation about whether Republicans would cross the aisle — as they have done before — to reprimand the president.

Only Sen. Rand Paul, R-Ky., voted in favor of the resolution among Republicans, while Sen. Jon Fetterman, D-Pa., was the lone Democrat to cross the aisle in support.

Related Article

Fetterman ‘baffled’ by lack of support for Trump’s Iran strikes and death of ‘evil’ leaders
Fetterman ‘baffled’ by lack of support for Trump’s Iran strikes and death of ‘evil’ leaders

This post appeared first on FOX NEWS