The Trump administration’s special envoy announced Wednesday the launch of phase two of a plan to end the war between Israel and Hamas, which is to establish a transitional technocratic Palestinian administration in Gaza.
‘The US expects Hamas to comply fully with its obligations, including the immediate return of the final deceased hostage. Failure to do so will bring serious consequences,’ Witkoff said in a post on X.
The new phase will consist of ‘moving from ceasefire to demilitarization, technocratic governance and reconstruction,’ he said.
Witkoff didn’t offer new details about a potential Palestinian administration that would govern Gaza, which has faced a humanitarian crisis since the start of the war, which began after Hamas attacked Israel.
As part of the news phase, Witkoff said the Trump administration expects Hamas to immediately return the final deceased hostage as part of its obligations under the deal.
The terror group’s failure to do so would result in ‘serious consequences,’ he said.
The United States has been in talks with mediators in Egypt and other regional partners to ensure that Hamas complies with its obligations under the peace plan.
Part of that includes the group giving up its heavy weapons and the launch of a ‘buy-back’ program for lighter weapons, according to the US official and two Arab diplomats, The Times of Israel reported.
Meanwhile, Israel has made it clear it will not allow Turkish armed forces to operate inside Gaza, viewing the country as a destabilizing actor despite efforts by Ankara to present itself as a reconstruction partner.
Fox News Digital’s Efrat Lachter contributed to this report.
Republican lawmakers are jumping on a social media trend to show their support for the anti-regime protesters in Iran.
Sen. Tim Sheehy, R-Mont., and Rep. Claudia Tenney, R-N.Y., posted photos of themselves using burning photos of Ayatollah Ali Khamenei to light up a cigarette and a cigar, respectively. Both lawmakers used the caption ‘Smoke ’em if you got ’em.’
The lawmaker’s images mirror a social media trend in which people are using burning photos of Khamenei to light cigarettes and cigars. The trend emerged as the people of Iran hold increasingly intense protests against the Islamic regime. The movement against the regime has seen increasing support from abroad as world leaders back the people of Iran.
Khamenei’s regime has started to crack down on protests and even instituted a sweeping internet blackout to try to quell the unrest. Some have posited that the internet blackout was also meant to impede the spreading of information about and visuals of abuses committed against protesters by regime-backed forces.
Recently, the exiled Iranian crown prince, Reza Pahlavi, has publicly urged President Donald Trump and the U.S. to back protesters in Iran as they fight the decades-old regime.
Sheehy told Fox News Digital he takes the issue personally, saying Iran has participated in the torturing, kidnapping and killing of Americans across the globe, ‘including friends of mine.’
‘The Iranian regime are a bunch of murderous b——- who have been chanting ‘death to America’ for the past 46 years. They have backed up this chant by kidnapping, torturing, and killing thousands of Americans all over the world, including friends of mine. For me, it’s personal; it’s time to take out the trash,’ Sheehy said in a statement provided to Fox News Digital via email.
The senator also expressed his solidarity with the people of Iran and encouraged them to keep fighting the regime.
‘To the Iranian people — we applaud your courage, keep fighting, and know we fully support your brave efforts to topple this evil regime,’ he added.
Tenney’s office also spoke with Fox News Digital about the congresswoman’s post, praising the bravery of the people of Iran for standing up to the regime. Additionally, Tenney’s office expressed the congresswoman’s solidarity with the Iranian people.
‘The bravery of the Iranian people in the face of decades of oppression by a brutal, extremist regime is extraordinary. Men and women across Iran are risking their lives to stand up to authoritarian mullahs who have denied them basic freedoms for generations,’ Tenney’s office said in a statement to Fox News Digital.
‘The congresswoman stands firmly with the Iranian people and their demand for dignity and self-determination, and believes their courage must be recognized and amplified. Today, the Iranian people finally have an ally in the White House, President Trump, who has made clear that the United States stands with those fighting for freedom against tyranny,’ Tenney’s office added.
Trump has been vocal about his support for the people of Iran and has warned that the U.S. would be ready to step in if the regime used violence against protesters.
‘Iran is looking at FREEDOM, perhaps like never before,’ the president wrote in a Truth Social post on Jan. 10. ‘The USA stands ready to help!!!’
S&P Global’s new report, Copper in the Age of AI: The Challenges of Electrification, warns that copper demand could surge 50 percent by 2040, reaching 42 million tonnes as the global push for electrification accelerates.
Supply, however, is projected to fall short, creating a 10 million tonne deficit, roughly 25 percent below demand , even as production peaks at 33 million tonnes in 2030.
The looming shortfall signals major opportunities for investors, but experts caution that production must ramp up now to avoid a deepening supply gap later.
Meeting demand through supply
‘Primary production—mining—remains the irreplaceable foundation of copper supply,’ said Global Head of Critical Minerals and Energy Transition Consulting at S&P Global Energy Eleonor Kramarz.
‘Bridging the impending supply gap depends not only on geology, engineering, and logistics and investment, but also on governance and policies. That translates into timeliness in permitting and consultation, a time clock on litigation and stability in governance and regulation. The alternative is uncertainty, and uncertainty comes at a hefty cost.’
The report added that output from existing mines will keep declining without significant new investment.
Recycling is regarded as the “secondary supply,” but however provides at best only about a third of the total supply by 2040.
Processing also remains critical in this scenario. Smelting and refining capacity is still concentrated in China, accounting for about 40 to 50 percent total capacity or 12 of the 29 million metric tons to be specific.
“(This) geographic concentration amplifies systemic risks and exposes the supply chain to geopolitical shocks.”
“While recycling could possibly meet up to a quarter of total demand by 2040, it cannot close the gap – primary mined supply remains essential,” the report concluded.
Copper and electrification
S&P Global wrote that copper also plays a huge role in meeting the growing requirements of electrification and technologies such as AI and data centers.
It noted that while AI is not creating the largest of copper demand, its requirements highlight the need for expanded electricity supply.
Still, there is a need to hold space for how AI will affect the generation of industrial, commercial, creative and even personal applications that require more electricity.
For data centers, the electricity demand in the US could rise from the current 5 percent to 14 percent by 2030.
“Data centers are electricity-intensive, and their proliferation is driving massive investments in both direct copper use (for power delivery, cooling, and IT infrastructure) and in the electric grid infrastructure that supports them.”
The report illustrated that to meet the global power demand of 2040, the world will need to build the equivalent of roughly 330 Hoover Dams, or over 650 one-gigawatt nuclear reactors each year between now and then.
“Copper is the material enabling this massive growth in power demand – unlocking the age of AI and the electrified future of which it is characteristic.”
A report by Benchmark on annual EV sales revealed that 20.7 million units were sold in 2025, but that the same growth rate of 20 percent “is not expected” to be the same in 2026.
Noting, “manufacturers (will) focus their efforts on the deadline year, 2027.’
In terms of overall demand for copper and how it relates to EVs, S&P Global said that demand for ICE vehicles declines due to the growing share of EVs.
“Construction and machinery continue to be the largest contributors to core economic demand.”
Australia’s copper developments
As a nation, Australia is making moves that relate to copper in terms of demand and investment.
Its Critical Minerals Strategy and Resource Industry Growth Initiative, along with its partnership with Japan, prioritize joint investment and regulatory simplification.
Using public finance bodies such as the Japan Bank for International Cooperation (JBIC) and JOGMEC, Japan is backing Australian projects to secure long-term access to critical minerals, including copper.
Firms such as Lynas Rare Earths (ASX:LYC,OTCQX:LYSDY) and their projects also play a role, assisting in securing stable supplies of rare earths, lithium and copper.
In 2024 and 2025, cooperation under the Japan–Australia Critical Minerals Partnership expanded further, with new processing and infrastructure initiatives announced in Western Australia.
Large-scale infrastructure projects are also adding to future copper demand. One high-profile example is the proposed AAPowerLink subsea cable project, which would connect Australia to Singapore and Indonesia.
If developed as planned, the project could consume tens of thousands of tonnes of copper, highlighting how Australia’s export-focused energy and infrastructure strategy is translating into material demand growth.
Together, these developments underscore how government-backed partnerships and major infrastructure investments are reinforcing Australia’s role as a reliable copper supplier, while creating longer-term opportunities for investors across the copper value chain.
Addressing the basics
The demand for copper arises from the fact that it is essential for the generation, transmission and use of electricity.
The irony is that the metal which enables electrification is having a hard time catching up to the accelerating pace of electrification itself.
While S&P Global did not have policy recommendations, it implied that current policies may be slowing things down.
“Average copper mine takes 17 years from discovery to production, with much time spent on permitting, environmental reviews and community consultations.”
It cited that changing government terms, tariffs and regulatory frameworks are bringing uncertainty to the resource sector, slowing investment and project development.
The report also noted that while mining is the primary driver of supply, it is only a part of the picture. It’s also about what happens to copper when it leaves mines.
The conclusion is that the requirement is for multilateral cooperation and increased regional diversification.
“The future is not just copper-intensive, it is copper-enabled,” S&P Global concluded.
“As electrification and digital intelligence become defining characteristics of global development, copper is indeed an ever-more critical mineral, carrying the electric currents that are connecting, conducting, and catalyzing innovation and economic advance.”
Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.
(TSXV: SEGN), a global leader in clinical decision support solutions applying patient-centric medication safety standards, today announced that its Chief Executive Officer, Elad Bibi-Aviv, will host two virtual investor meetings on January 19, 2026. These online sessions will provide shareholders with an opportunity to meet Mr. Bibi-Aviv personally and hear his vision for Seegnal’s future. In each meeting he will introduce himself, outline the Company’s strategic direction, and answer questions from investors, fostering direct dialogue with the shareholder community.
For convenience, the first session will be conducted in the Hebrew language and the other in English. The Hebrew meeting is scheduled for January 19, 2026, from 7:00 to 8:00 PM Israel Standard Time (IST), and the English meeting from 1:30 to 2:30 PM Eastern Standard Time (EST) on the same day. Both meetings will be held via Microsoft Teams Meeting (links provided below).
Mr. Bibi-Aviv has emphasized that Seegnal’s purpose-driven mission was a key motivator in joining the Corporate as Chief Executive Officer, and stated ‘I joined Seegnal because I recognize it as a genuine opportunity to make a real impact — a mission I find deeply meaningful,’ he said. ‘As demonstratedin the publication in The American Journal of Pharmacy Benefits, Vol. 9, No. 2 titled ‘Large-Scale, Community-Based Trial of a Personalized Drug-Related Problem Rectification System’ and in the publication in Drug Safety, Vol.44: 661-668 titled ‘Reducing Alert Fatigue While Improving Safety – Comparison of Medication Alerts from Two Commercial Applications in the USA’, the technology we have developed not only saves lives but also delivers significant economic value to healthcare organizations, hospitals, and insurance companies worldwide.’ Mr. Bibi-Aviv invites shareholders to regard themselves as partners in this journey and encourages them to ask questions freely. Seegnal encourages all current and potential shareholders to attend these sessions.
Meeting Details
On the Agenda:
Personal introduction
Company update and strategic outlook
Open Q&A
About Seegnal
Seegnal (TSXV:SEGN) aims to solve one of the top causes of death and injuries in the modern world – Adverse Drug Effects (ADEs). Seegnal’s Clinical Decision Support system introduces a paradigm shift in the approach to this problem by implementing a new elevated Patient-Centric Standard. Seegnal’s SaaS technology exclusively integrates, at the point-of-care, unique patient-specific data such as genetics, lab results, ECG, smoking status, allergies, food interactions, gender, age, and the effects of many concomitant medications, while reducing the current alert load for clinicians by over 90%. In practice, clinicians using Seegnal eHealth complete their prescription workflow with limited interruption, saving time and fatigue. Patients enjoy more tailored medication and improved safety, leading to better quality of life, with precision alerts reaching up to 98% accuracy. Institutions have reported reductions in admissions, medication consumption, and significant time savings in prescription renewals. Seegnal eHealth is marketing its SaaS-based platform in Israel (where the Ministry of Health recently adopted Seegnal’s patient-specific standard as the new standard in governmental hospitals), the United Arab Emirates, the United Kingdom, the United States, and Poland. The platform is currently a ‘standard of care’ system for over 10,000 clinicians in Israel, used daily for prescribing medications.
See www.seegnal.com.
Cautionary Note Regarding Forward-Looking Information
This press release contains ‘forward-looking information’ or ‘forward-looking statements’ within the meaning of Canadian securities legislation. All statements included herein, other than statements of historical fact, including statements included in the ‘About Seegnal’ section of this press release, are forward-looking. Generally, the forward-looking information and forward-looking statements can be identified by the use of forward-looking terminology such as ‘anticipate’, ‘believes’, ‘estimates’, ‘expects’, ‘intends’, ‘may’, ‘should’, ‘will’ or variations of such words or similar expressions.More particularly, and without limitation, this press release contains forward-looking information or forward-looking statements concerning Seegnal’s anticipated introductory videocalls with Mr. Bibi-Aviv. These statements are based on current assumptions and are subject to risks and uncertainties that could cause actual results to differ materially. Please refer to Seegnal’s public filings with applicable securities regulators for additional information regarding risk factors and other disclosures.
Seegnal cautions that all forward-looking information and forward-looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors, assumptions and expectations, many of which are beyond the control of Seegnal, including expectations and assumptions concerning Seegnal and its products as well as other risks and uncertainties, including those described in Seegnal’s filings available on SEDAR+ at www.sedarplus.ca. The reader is cautioned that assumptions used in the preparation of any forward-looking information or forward-looking statements may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted as a result of numerous known and unknown risks, uncertainties and other factors, many of which are beyond the control of Seegnal. The reader is cautioned not to place undue reliance on any forward-looking information or forward-looking statements. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking information and forward-looking statements contained in this press release are expressly qualified by this cautionary statement.
The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and Seegnal does not undertake any obligation to update publicly or to revise any of the included forward-looking information or forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by law.
Neither 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.
The securities have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirement. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
In the current strong market dynamic for uranium, Skyharbour Resources is a compelling investment opportunity driven by its large portfolio of exploration assets in Canada’s most prolific uranium district in the Athabasca Basin.
Overview
Nuclear energy is a key driver in the transition to net zero, offering clean, reliable, and secure power to meet global electricity demand, which is expected to grow by 50 percent in 2040.
Skyharbour Resources (TSXV:SYH,OTCQX :SYHBF,FWB:SC1P) is strategically positioned to support this growing demand through its high-grade uranium projects. As a leading uranium exploration company, Skyharbour partners with industry stakeholders to advance projects that contribute to the secure and sustainable energy future nuclear power promises.
Skyharbour has completed its 2025 drill programs at the co-flagship Russell Lake and Moore Lake uranium projects, with assay results pending. The campaign comprised approximately 16,000 – 18,000 metres of drilling, including ~10,000 metres at Russell Lake and 6,000-7,000 metres at Moore Lake. Drilling targeted multiple high-priority zones, building on the projects’ widespread uranium mineralization and favorable Athabasca Basin geology with potential for large, high-grade deposits.
Looking ahead, extensive follow-up drilling is planned for 2026 at both projects, with programs expected to be funded and advanced by both Skyharbour and Denison Mines as part of the recently established joint ventures at Russell Lake, positioning Russell and Moore Lake for continued exploration momentum and discovery upside.
Company Highlights
Company Overview: Skyharbour Resources is a junior mining company with one of the largest uranium exploration portfolios in Canada’s Athabasca Basin, spanning 43 projects over 662,000 hectares.
Athabasca Basin Advantage: The Athabasca Basin is the world’s top uranium district, with deposits averaging grades 10 to 20 times higher than the global average.
Strategy: The company pursues a dual strategy: advancing its co-flagship Russell Lake and Moore projects while leveraging a prospect generator model to fund exploration at secondary assets through partnerships.
Moore Uranium Project: Moore hosts high-grade uranium at the Maverick Zone, where drilling has returned 6 percent U3O8 over 5.9 metres and 20.8 percent U3O8 over 1.5 metres at 265 metres depth.
Russell Lake Uranium Project: Russell Lake is a 73,314-hectare advanced-stage uranium project now held under a newly formed joint-venture partnership between Skyharbour Resources and Denison Mines. The 2024 winter program confirmed new sandstone-hosted uranium mineralization, with assays up to 2.99 percent U₃O₈ over 0.5 metres.
Current and Planned Drilling: Multiple phases of drilling were completed in 2025, totaling approximately 16,000 metres across the Russell Lake and Moore Lake projects. Extensive follow-up exploration and drilling programs are planned for 2026.
Partner-Funded Exploration: Joint-venture and option partners completed an additional 12,000 to 14,000 metres of drilling in 2025, including approximately 6,000–7,000 metres by Orano at the Preston Project. Further partner-funded exploration and drilling programs are expected to commence in 2026.
Prospect Generator Model: Skyharbour advances non-core assets through partners who fund exploration and provide cash or stock, while it retains minority interests and equity stakes.
Market Tailwinds: Global momentum toward nuclear energy as a decarbonization solution is driving uranium demand, positioning Skyharbour’s Athabasca Basin projects for growth.
Flagship Projects
The Moore Project
The project spans 35,705 hectares in the eastern Athabasca Basin and is located near established infrastructure within a highly prospective corridor for high-grade uranium mineralization. Acquired from Denison Mines, a major strategic shareholder of Skyharbour, the property benefits from excellent year-round access via winter and ice roads, with substantial summer accessibility. Extensive historical exploration includes over $50 million in expenditures and more than 140,000 metres of diamond drilling, underscoring its significant discovery potential.
Moore hosts high-grade uranium mineralization at the Maverick zones. Over the past few years, Skyharbour Resources has conducted diamond drilling programs, resulting in the intersection of high-grade uranium mineralization in numerous drill holes along the 4.7-kilometer-long Maverick structural corridor. Some of the high-grade intercepts include:
Hole ML-199 which intersected 20.8 percent U3O8 over 1.5 meters at 264 meters,
Hole ML-202 from the Maverick East Zone which intersected 9.12 percent U3O8 over 1.4 meters at 278 meters.
Hole ML20-09 which intersected 0.72 percent U3O8 over 17.5 meters from 271.5 meters to 289.0 meters, including 1 percent U3O8 over 10.0 meters represents the longest continuous drill intercept of uranium mineralization discovered to date at the project.
Drill hole ML-61 returned 4.03 percent eU3O8 over 10 meters;
Drill hole ML -55 encountered high-grade mineralization, returning 5.14 percent U3O8 over 6.2 meters
Drill hole ML -47 intersected 4.01 percent U3O8 over 4.7 meters
Only about 50% of the 4.7-kilometre prospective Maverick corridor has been systematically drilled, highlighting significant discovery potential along strike and at depth. Skyharbour completed approximately 2,800 metres of winter drilling in 2024, focused on infill and expansion at the Main Maverick Zone, returning standout results including 5.0 metres of 4.61% U₃O₈ (from 265.5 to 270.5 metres), with a higher-grade interval of 1.0 metre grading 10.19% U₃O₈ in hole ML24-08. The Company also completed an additional 2,759 metres of late-2024 drilling across nine holes, targeting both the Main Maverick and Maverick East Zones.
Skyharbour completed over 7,000 metres of diamond drilling in 2025 at the Main Maverick and Maverick East Zones, with assay results pending. The program focused on expanding, characterizing, and defining the extents of known mineralization, while also testing several additional high-priority targets across the project.
Beyond the Maverick Zones, drilling intersected multiple conductive corridors associated with significant structural disruption, strong alteration, and anomalous uranium and pathfinder element geochemistry, underscoring the broader exploration potential of the project.
Skyharbour is planning additional drilling in 2026, to be advanced in conjunction with expanded exploration programs at Russell Lake. Further details on the scope and timing of the 2026 drill program will be provided as plans are finalized.
Russell Lake Uranium Project
The Russell Lake Project is a large, advanced-stage uranium exploration asset covering 73,314 hectares in the eastern Athabasca Basin, strategically located between Cameco’s Key Lake and McArthur River operations and adjacent to Denison’s Wheeler River and Skyharbour’s Moore Lake projects. A recently completed strategic agreement with Denison Mines has restructured the broader project into four joint ventures with up to C$61.5 million in total project consideration, while Skyharbour retains operatorship and a majority interest in the core Russell Lake claims, cementing its flagship status.
The project benefits from excellent infrastructure and extensive historical work, including over 95,000 metres of drilling in 220+ holes, defining multiple high-priority targets and high-grade uranium showings. Key exploration areas include the Grayling Zone, M-Zone Extension, Little Man Lake, Christie Lake, and Fox Lake Trail. Recent drilling programs in 2023 and 2024 continued to advance these targets, highlighted by a best-ever intercept of 2.5 metres of 0.721% U₃O₈ at a shallow depth of 338.1 metres, including 0.5 metres of 2.99% U₃O₈ at 339.6 metres just above the unconformity. With Denison as a strategic partner and increased funding capacity, Russell Lake is positioned for accelerated exploration and enhanced discovery potential.
Skyharbour has completed its 2025 drilling program at the Russell Lake Project, with multiple phases comprising nearly 10,000 metres of drilling designed to follow up on recent exploration success and test new high-priority targets generated by the geological team. Planning is now underway for additional drilling in 2026, to be advanced in collaboration with Denison Mines, with further details to be provided as programs are finalized.
Prospect Generator Strategy
Skyharbour implements a prospect generator model. Through joint ventures and option agreements, partners fund exploration and provide cash or share payments to earn interests in secondary projects. This allows Skyharbour to focus its resources on core assets, including the Moore Lake and Russell Lake projects, while partners advance the rest of the portfolio. Skyharbour is advancing a portfolio of uranium exploration projects at Russell Lake, operated by Skyharbour and Denison Mines under a joint venture. The Russell Lake project portfolio comprises the Wheeler North, Getty East, RL Claims, and Wheeler Inlier subprojects. Collectively, these projects host multiple zones of uranium mineralization across a large and highly prospective land package with significant exploration upside. Skyharbour and Denison are actively advancing the Russell Lake portfolio through systematic exploration and drill programs
Skyharbour also has joint ventures with industry leader Orano Canada Inc., Azincourt Energy, and Thunderbird Resources at the Preston, East Preston, and Hook Lake Projects respectively. The Company also has several active earn-in option partners, including CSE-listed Basin Uranium Corp. at the Mann Lake Uranium Project; TSX-V listed North Shore Uranium at the Falcon Project; UraEx Resources at the South Dufferin and Bolt Projects; Hatchet Uranium at the Highway Project; CSE-listed Mustang Energy at the 914W Project; and TSX-V listed Terra Clean Energy at the South Falcon East Project.
In aggregate, Skyharbour has now signed earn-in option agreements with partners that total to potentially over $76 million in partner-funded exploration expenditures and over $42 million in cash and share payments coming into Skyharbour, assuming that these partner companies complete their entire earn-ins at the respective projects.
Furthermore, Skyharbour’s project portfolio is bolstered by several other 100 percent owned projects scattered throughout the Athabasca Basin that they can look to option/JV or sell to grow their robust model.
Management Team
Jordan Trimble – President, CEO and Director
Jordan is an entrepreneur with extensive experience in the resource sector, having worked with multiple public and private companies across management, corporate finance and strategy, shareholder communications, marketing, business development, and capital raising. He previously served as Corporate Development Manager at Bayfield Ventures, playing a key role in the company’s growth prior to its acquisition by New Gold Inc. in 2014. A CFA® Charterholder, Jordan also served a full term as a Director on the board of CFA Society Vancouver. He holds a Bachelor of Science degree with a Minor in Commerce from the University of British Columbia and was recently named to Business in Vancouver’s Forty Under 40 for 2025.
Jim Pettit – Chairman of the Board and Director
Jim Pettit currently serves as a director on the boards of various public resource companies, drawing from over 35 years of experience in the industry. His expertise lies in finance, corporate governance, management and compliance, particularly in the early-stage development of both private and public enterprises. Over the past three decades, he has primarily focused on the resource sector. Previously, he served as chairman and CEO of Bayfield Ventures, which was acquired by New Gold in 2014.
David Cates – Director
David Cates currently serves as the president and CEO of Denison Mines (TSX:DML). Before assuming the role of president and CEO, Cates was the vice-president of finance, tax, and chief financial officer at Denison. In his capacity as CFO, he played a pivotal role in the company’s mergers and acquisitions activities, including spearheading the acquisition of Rockgate Capital and International Enexco. Cates joined Denison in 2008, initially serving as director of taxation before he was appointed CFO. Prior to joining Denison, he held positions at Kinross Gold and PwC with a focus on the resource industry.
Joseph Gallucci – Director
Joseph Gallucci is currently Head of Mining Investment Banking at Ventum Financial, where he oversees the firm’s global mining practice. He is also an active corporate director on several publicly listed mining companies. A senior capital markets executive with over 20 years of global mining-sector experience, Mr. Gallucci has held leadership roles across investment banking and equity research at BMO Capital Markets, GMP Securities, Dundee Securities, Eight Capital (as a founding principal), and Laurentian Bank Securities. He holds a Bachelor of Commerce degree from Concordia University and an MBA in Investment Management from the Goodman Institute of Investment Management, and he also holds the ICD.D designation.
Brady Rak – VP of Business Development
Brady Rak is a seasoned investment professional who has focussed on the Canadian capital markets over his 13-year career at several independent broker dealers including Ventum Financial, Salman Partners and Union Securities. As a registered investment advisor in the private client division of Ventum Financial, Brady has been involved in advising high-net-worth and corporate clients, structuring transactions, raising capital and navigating global market sentiment. Brady graduated from Northwood University with a BBA in Management and holds his Options license.
Serdar Donmez – Vice-president of Exploration
Serdar Donmez is a professional geoscientist with decades of uranium exploration and development experience in Saskatchewan and Zambia. Over 17 years at Denison Mines, he played key roles in advancing the Phoenix and Gryphon deposits at Wheeler River from discovery to feasibility in 2023. As resource geology manager, he contributed to mineral resource estimates, NI 43-101 reports, and the evaluation of in-situ recovery techniques for high-grade Athabasca Basin deposits. Donmez holds an engineering degree in geology and is a registered professional geoscientist in Saskatchewan.
Dave Billard – Head Consulting Geologist
Dave Billard is a geologist with over 35 years of experience in exploration and development, focusing on uranium, gold and base metals in western Canada and the western US. He served as chief operating officer, vice-president of exploration, and director for JNR Resources before its acquisition by Denison Mines. He played a crucial role in the discovery of JNR’s Maverick and Fraser Lakes B zones. Earlier in his career, he contributed to the discovery and development of several significant gold deposits in northern Saskatchewan. Prior to joining JNR, Billard worked as a geological consultant specializing in uranium exploration in the Athabasca Basin. He also spent over 12 years with Cameco Corporation.
Christine McKechnie – Senior Project Geologist
Christine McKechnie is a geologist with a specialization in uranium deposits, particularly those hosted in the basement and associated with unconformities in the Athabasca Basin and its vicinity. Throughout her career, she has worked with various companies such as Claude Resources, JNR Resources, CanAlaska Uranium and Cameco, engaging in gold and uranium exploration activities. She completed her B.Sc. (High Honors) in 2008 from the University of Saskatchewan and completed a M.Sc. thesis on the Fraser Lakes Zone B deposit at the Falcon Point project. She also received the 2015 CIM Barlow Medal for Best Geological Paper.
Note: The December 2025 readings for both the Consumer Price Index and the Everyday Price Index should be viewed as provisional rather than definitive. A temporary government funding lapse interrupted standard federal price collection, leaving gaps that could not later be filled and forcing reliance on limited alternative inputs. Data collection resumed partway through November, restoring more normal coverage only as the month progressed.
The AIER Everyday Price Index (EPI) ended 2025 by rising a scant 0.04 percent in December, essentially flat for the month. The annual change in AIER’s EPI for 2025 was 3.02 percent versus our CPI proxy’s increase of 3.10 percent. Of its 24 constituents, December 2025 saw the prices of 15 rise, six decline, and three remain unchanged. The largest price increases within the EPI were seen in the food-at-home, food-away-from-home, and fuels and utilities categories. Motor fuel, information technology hardware and services, and alcoholic beverages at home saw the steepest declines in price.
AIER Everyday Price Index vs. US Consumer Price Index (NSA, 1987 = 100)
(Source: Bloomberg Finance, LP)
Also on January 13, 2026, the US Bureau of Labor Statistics (BLS) released Consumer Price Index (CPI) data for December 2025. Headline inflation rose 0.3 percent in December, meeting surveyed expectations. Core inflation rose 0.2 percent, less than the 0.3 percent that was forecast.
December 2025 US CPI headline and core month-over-month (2015 – present)
(Source: Bloomberg Finance, LP)
Consumer prices in December 2025 were shaped in part by continued firming in food costs, with overall food prices rising 0.7 percent on the month. Grocery prices posted a similar increase, as most major store categories moved higher, led by notable gains in “other food at home,” dairy products, cereals and bakery items, fruits and vegetables, and nonalcoholic beverages, while declines in meats, poultry, fish, and eggs — driven by a sharp drop in egg prices — partially offset those increases. Dining out also became more expensive, as prices for meals away from home rose 0.7 percent, reflecting higher costs at both full-service and limited-service establishments. Energy prices edged higher as well, increasing 0.3 percent in December, with a sizable jump in natural gas prices outweighing modest declines in gasoline and electricity.
Excluding food and energy, the core index advanced 0.2 percent for the month, as upward pressure from shelter, recreation, medical care, apparel, personal care, education, and airline fares more than offset declines in communication services, used vehicles, and household furnishings. Shelter costs remained a key contributor to underlying inflation, rising 0.4 percent, with rents and owners’ equivalent rent posting steady increases and lodging away from home recording a notable gain. Among other components, recreation prices surged, airline fares climbed sharply, and medical care costs rose on the back of higher hospital and physician service prices, while categories such as communication services and used vehicles continued to exert downward pressure on the overall index.
On the year-over-year side, December 2025 headline data rose to 2.7 percent, which matched forecasts. The core index, which excludes food and energy, rose 2.6 percent — slightly less than the expected 2.7 percent.
December 2025 US CPI headline and core year-over-year (2015 – present)
(Source: Bloomberg Finance, LP)
Over the twelve months from December 2024 to December 2025, food prices continued to rise at a moderate but uneven pace, with grocery costs increasing 2.4 percent overall. Within food at home, price gains were led by meats, poultry, fish, and eggs, which rose 3.9 percent, alongside notable increases in nonalcoholic beverages and other food at home, while cereals and bakery products and fruits and vegetables posted more modest advances. In contrast, dairy and related products declined slightly over the year. Prices for meals away from home increased more rapidly than grocery prices, rising 4.1 percent on a year-over-year basis, reflecting stronger gains at full-service restaurants and a more moderate increase at limited-service establishments. Energy prices also moved higher over the year, increasing 2.3 percent, as sizable advances in electricity and natural gas more than offset a decline in gasoline prices.
Over the past 12 months, shelter costs have remained a primary source of underlying inflation in the core index, increasing 3.2 percent. Additional upward pressure came from medical care, household furnishings and operations, recreation, and personal care, all of which posted solid year-over-year gains, reinforcing the persistence of price increases across a broad set of service-oriented categories.
December’s CPI report reinforced the idea that the October-November release’s softer inflation reading was not merely a statistical fluke but part of a broader cooling pattern, particularly in goods prices. Headline inflation rose modestly on the month, while core inflation again came in below expectations, leaving both measures unchanged on a year-over-year basis at roughly the mid-2 percent range. A key takeaway was that core goods prices remained flat, driven in part by further declines in used vehicle prices and broad-based price cuts in tariff-exposed categories including appliances, electronics, and certain household goods. That pattern aligns closely with private sector tracking of online prices, which suggests that tariff passthroughs peaked in early autumn and have since faded. While food prices accelerated in December 2025 — especially for both grocery and restaurant categories — and energy made a small positive contribution, the broader inflation picture increasingly reflects stabilization rather than renewed pressure.
Service prices remain the central battleground. Shelter costs rebounded modestly in December after being artificially restrained by shutdown-related data distortions in the fall, but rent and owners’ equivalent rent increases remained consistent with their average pace for the year. Outside of housing, service price pressures were mixed: travel-related categories such as hotels and airfares bounced back following the end of the government shutdown, while medical services rose steadily, reflecting persistent labor cost pressures in healthcare. Importantly, measures closely watched by the Federal Reserve — such as services inflation excluding housing and energy — continued to trend lower on a year-over-year basis, suggesting underlying progress even as monthly readings fluctuate. At the same time, consumers remain acutely aware of specific high-profile price pressures, most notably in food. Beef prices reached new records in December, driven by structural supply constraints in the cattle industry and resilient demand that may be reinforced by new dietary guidelines emphasizing protein, underscoring how individual categories can feel inflationary even as overall price growth moderates.
The December data reinforce a cautious but increasingly constructive outlook. Federal Reserve officials are widely expected to hold rates steady at their January meeting, preferring to see several more months of confirmation that inflation is leveling off rather than reaccelerating. Financial markets, meanwhile, interpreted the report with some ambivalence: equities rallied briefly on the cooling signal, but bond yields and rate expectations moved little, reflecting lingering uncertainty about whether recent softness represents a durable signal or informationless noise. Still, the broader message from December is that inflation dynamics are becoming more balanced, and that as of now tariff effects appear to have largely run their course. Core goods prices remain subdued and real wage growth has turned positive, both setting the stage for gradual easing later in the year if labor market conditions soften or price pressures continue to fade.
President Donald Trump sent a warning to the North Atlantic Treaty Organization (NATO) ahead of Vice President JD Vance’s high-stakes meeting with Danish and Greenlandic officials.
‘The United States needs Greenland for the purpose of national security,’ Trump wrote in a Truth Social post on Wednesday. He added that the acquisition was ‘vital for the Golden Dome that we are building.’ The ‘Golden Dome’ is a cutting-edge missile defense system meant to intercept threats targeting the American homeland, similar to the Iron Dome used in Israel.
‘NATO should be leading the way for us to get it. IF WE DON’T, RUSSIA OR CHINA WILL, AND THAT IS NOT GOING TO HAPPEN! Militarily, without the vast power of the United States, much of which I built during my first term, and am now bringing to a new and even higher level, NATO would not be an effective force or deterrent — not even close! They know that, and so do I. NATO becomes far more formidable and effective with Greenland in the hands of the UNITED STATES. Anything less than that is unacceptable,’ Trump added.
Trump and his administration’s push for the U.S. to acquire Greenland has caused tension with NATO allies who assert that the semiautonomous Danish territory should determine its own future.
The post comes ahead of Vance and Secretary of State Marco Rubio’s meeting with the Danish and Greenlandic foreign ministers at the White House on Wednesday morning.
Vance and Rubio will be meeting with Denmark’s foreign minister Lars Løkke Rasmussen and his Greenlandic counterpart Vivian Motzfeldt.
In a follow-up post on Truth Social on Wednesday morning, Trump shared a report by Just The News stating that the Danish Defense Intelligence Service (DDIS) issued a warning regarding Russian and Chinese military ambitions toward and expansion around Greenland in a recent assessment.
‘NATO: Tell Denmark to get them out of here, NOW! Two dogsleds won’t do it! Only the USA can!!!’ Trump wrote. ‘Danish intel warned last year about Russian and Chinese military goals toward Greenland and Arctic.’
‘In recent years, the United States has significantly increased its security policy focus on the Arctic, while Russia continues its military build-up, and China continues to develop its capacity to operate both submarines and surface vessels in the region,’ DDIS reportedly said in its Intelligence Outlook 2025. The DDIS noted that, ‘Neither the war in Ukraine nor the increased US focus on Greenland and the Arctic has altered Russia’s long-term interests and objectives in the region.’
Greenland’s Prime Minister Jens-Frederik Nielsen told a news conference in Copenhagen on Tuesday that ‘if we have to choose between the United States and Denmark here and now, we choose Denmark. We choose NATO. We choose the Kingdom of Denmark. We choose the EU,’ the AP reported.
Trump later responded to Nielsen, saying ‘I disagree with him. I don’t know who he is. I don’t know anything about him. But, that’s going to be a big problem for him,’ according to the AP.
Vance’s office and the Embassy of Denmark in the U.S. did not immediately respond to Fox News Digital’s requests for comment.
Despite President Donald Trump’s warnings, Iran’s chief justice called for fast trials and executions of suspects detained in the ongoing anti-government demonstrations, a report said Wednesday.
The remarks from Gholamhossein Mohseni-Ejei come as the death toll in the protests has risen to at least 2,571, the U.S.-based Human Rights Activists News Agency said. Other reports say the death toll is more than 3,000, with the real number likely to be even higher.
‘If we want to do a job, we should do it now. If we want to do something, we have to do it quickly,’ Mohseni-Ejei said in a video shared by Iranian state television, according to The Associated Press. ‘If it becomes late, two months, three months later, it doesn’t have the same effect. If we want to do something, we have to do that fast.’
Trump warned Iran about executions in an interview with CBS News that aired on Tuesday.
‘We will take very strong action,’ Trump said. ‘If they do such a thing, we will take very strong action.’
‘We don’t want to see what’s happening in Iran happen. And you know, if they want to have protests, that’s one thing, when they start killing thousands of people, and now you’re telling me about hanging — we’ll see how that works out for them. It’s not going to work out good,’ the president added.
Trump also vowed on Tuesday that those responsible for killing anti-regime demonstrators will ‘pay a big price.’
‘Iranian Patriots, KEEP PROTESTING — TAKE OVER YOUR INSTITUTIONS!’ Trump wrote on Truth Social. ‘Save the names of the killers and abusers. They will pay a big price.’
‘I have canceled all meetings with Iranian Officials until the senseless killing of protesters STOPS. HELP IS ON ITS WAY,’ he added.
Fox News’ Anders Hagstrom and The Associated Press contributed to this report.
Senate Republicans are mulling an arcane move that, if successful, would kill the bipartisan push to rein in President Donald Trump’s war authority in Venezuela.
The Senate is a chamber that lives and dies by procedure. It guides how bills are considered and how senators speak on the floor, and Republicans hope that a procedure once used by Senate Democrats will work in their favor to nullify Sen. Tim Kaine’s, D-Va., war powers resolution.
Republicans are considering making a point of order to table the resolution and argue that because there are no troops on the ground in Venezuela, nor active combat involving U.S. forces, Kaine’s bid is moot.
But whether Republicans can muster support to kill the resolution with the rare move remains to be seen. Five Senate Republicans broke ranks to advance the war powers push last week, and the point of order can pass or fail by a simple 50-vote majority.
When asked if the votes were there to effectively turn off the bipartisan push, Senate Majority Leader John Thune, R-S.D., said, ‘Uncertain.’
Still, Thune made the case that the resolution was likely not germane and able to be turned off, because no actual fighting was happening in Venezuela.
‘I think that it’s pretty clear, in my view at least, that there are no hostilities that exist today, which, as I’ve suggested before, to me at least means that shouldn’t be accorded privilege on the floor, that expedited consideration on the floor for something that doesn’t exist at the moment,’ Thune said. ‘But nevertheless it’s all about the votes.’
Senate Democrats made the same argument successfully in 2024 against a war powers resolution from Sen. Ted Cruz, R-Texas. That push was geared toward ending U.S. involvement with the operation of a floating pier off the coast of Gaza.
Kaine’s resolution is more forward-looking, however, and if passed, would require that Congress have oversight authority over future military action in Venezuela. The Trump administration has reiterated that there are no boots on the ground in the country and made assurances to several Senate Republicans that no future military action is planned after the success of Operation Absolute Resolve.
Whether Republicans can actually kill the resolution before it ever reaches a final vote and possibly a lengthy marathon amendment process known as a ‘vote-a-rama,’ will ultimately be a test of Senate GOP leadership’s and the White House’s lobbying abilities to flip the five Republicans who pushed back against Trump.
But Trump’s repeated attacks against the cohort of Republicans who sided with Senate Democrats could backfire and see the resolution pass.
Sens. Susan Collins, R-Maine, Lisa Murkowski, R-Alaska, Todd Young, R-Indiana, Josh Hawley, R-Mo., and Rand Paul, R-Ky., will all be under a microscope on Wednesday.
Collins reaffirmed on Tuesday that she was still in favor of the war powers resolution, and Paul, who is a co-sponsor of the legislation, is unlikely to budge.
A source told Fox News Digital that Hawley, however, flipped his position on the matter and would support the point of order after getting assurances from Trump officials that no boots would be on the ground in the country.
The House Judiciary Committee has opened an investigation into whether a climate law group is improperly influencing federal judges on environment-related cases.
Committee Chairman Jim Jordan, R-Ohio, and Rep. Darrell Issa, R-Calif., chairman of the panel’s subcommittee on Courts, sent four letters to varying judicial groups and lawyers asking for more information on communications with the Environmental Law Institute.
‘The Committee on the Judiciary is investigating allegations of improper attempts by the Environmental Law Institute (ELI) and its Climate Judiciary Project (CJP) to influence federal judges. Public reports have documented concerns around apparent efforts by ELI and CJP to influence judges who potentially may be presiding over lawsuits related to alleged climate change claims,’ the letter to the Judicial Conference of the United States (JCUS) read.
‘These efforts appear to have the underlying goal of predisposing federal judges in favor of plaintiffs alleging injuries from the manufacturing, marketing, use, or sale of fossil-fuel products.’
Jordan and Issa argued that existing JCUS policy acknowledged risks of allowing privately funded education programs to distribute material to courts, but that its policy was also ‘leaving the door open for groups like ELI and CJP to exert influence through program content and contact between judges and those who litigate before them.’
A separate letter to David Bookbinder, director of law and policy at the Environmental Integrity Project, alleged that ‘evidence has emerged that raises questions about whether ELI, CJP, or one or more of its ‘experts’ coordinated with you on judicial training materials while you simultaneously litigated climate-related cases pending before federal courts.’
Jordan and Issa charged that Bookbinder had ‘pre-publication access and provided peer review’ for documents prepared for ELI while he was representing the Boulder County, Colo., Board of County Commissioners in a climate change-related lawsuit. They noted that he’s no longer the board’s lawyer, however.
‘In other words, this document seems to suggest that at the same time you were representing a private party in climate-related litigation, you were also helping to develop climate-related training materials for federal (and state) judges,’ the letter said.
A third letter to the Federal Judicial Center noted that while both climate groups say they provide impartial information for judges, Republicans believe those materials ‘appear to be designed to bias judges in climate-related cases.’
‘The materials that ELI and CJP used at judicial seminars are generally not made public, which itself is a cause for concern,’ the third letter said. ‘The limited portions of CJP’s ‘Climate Science and Law for Judges Curriculum’ that are publicly available seem designed to improperly influence judges in favor of plaintiffs.’
ELI is a nonprofit promoting climate science-based policy across academic, public, and legal spheres.
CJP is a project within ELI specifically aimed at creating curricula for ‘judicial education,’ according to its website.
Fox News Digital reached out to ELI and the four letter recipients for comment.
