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Government documents reveal the fall of drug kingpin ‘El Mencho’ over the weekend was the culmination of an aggressive, more than yearlong strategy of ‘total elimination’ pursued by the Trump administration against the ruthless Jalisco New Generation Cartel (CJNG), which is present in almost all 50 U.S. states.

Ruben ‘Nemesio’ Oseguera Cervantes, known as ‘El Mencho,’ the leader of the CJNG, was killed Sunday in a Mexican military operation in Tapalpa, Mexico, authorities said. Though the operation was carried out by Mexican forces, the United States laid the groundwork, making El Mencho’s fall possible.

On President Donald Trump’s first day in office, he signed an executive order directing the State Department to designate several cartels and international criminal groups ‘foreign terrorist organizations’ (FTOs), a designation unlocking military-grade surveillance and ‘material support’ prosecutions. Though lesser known than MS-13 or Tren de Aragua, CJNG was one of the groups designated an FTO by the administration.

Shortly after Trump’s executive order, on Feb. 5, Attorney General Pam Bondi sent a policy memorandum to all Department of Justice employees, announcing a ‘fundamental change in mindset and approach’ to cartels and transnational criminal organizations to a policy of ‘total elimination.’ 

Rather than simply seeking to mitigate the harms of cartel activity, Bondi said the DOJ would be suspending red tape to ’empower federal prosecutors throughout the country to work urgently with the Department of Homeland Security and other parts of the government toward the goal of eliminating these threats to U.S. sovereignty.’

The memo said the DOJ would be prioritizing cartel managers and leaders.

According to the Drug Enforcement Administration’s 2025 National Drug Threat Assessment, CJNG is one of the most ruthless cartels in Mexico and a key supplier of fentanyl to the U.S., making it ‘one of the most significant threats to the public health, public safety, and national security of the United States.’

The DEA said CJNG operates vast distribution networks within the U.S., with associates, facilitators and affiliates operating in ‘almost all 50 U.S. states.’ The DEA also said CJNG has been increasing its involvement in non-drug crime, including extortion, taxing human smuggling and fraud schemes.

A 2019 DOJ statement to the Senate Committee on Homeland Security and Governmental Affairs states that CJNG is ‘one of the most powerful and fastest growing cartels’ and operates key drug distribution hubs in Los Angeles, New York, Chicago and Atlanta. The Department of National Intelligence estimates the group has approximately 15,000–20,000 members.

Recognizing the threat posed by CJNG, the administration announced major results just over one month after Trump’s inauguration. On Feb. 27, Bondi announced the U.S. had secured the extradition of 29 high-ranking cartel leaders from Mexico, including top-tier CJNG leaders, a key money broker and a family member of El Mencho. Among those extradited and charged was Antonio Oseguera Cervantes, also known as ‘Tony Montana,’ El Mencho’s brother, who was charged in the District of Columbia for his alleged leadership role in the cartel.

On March 7, El Mencho’s son and heir apparent, Ruben Oseguera-Gonzalez, known as ‘El Menchito,’ was sentenced in Washington, D.C., to life in prison plus 30 years and ordered to forfeit $6 billion in drug proceeds. El Menchito had been extradited to the U.S. during the first Trump administration in 2020.

The next week, on March 15, the president again upped the ante against the cartels by designating fentanyl as a weapon of mass destruction, authorizing the use of advanced military assets for supply-side interdiction at the border. The move had a major impact on CJNG’s drug smuggling operations.

June was another high-impact month in the fight against CJNG. El Mencho’s brother-in-law, José González Valencia, ‘La Chepa,’ was sentenced to 30 years in federal prison. Another high-ranking leader, José González Valencia, co-founder of the CJNG’s financial wing ‘Los Cuinis,’ was also sentenced to 30 years.

The same month, the Treasury Department used the FEND Off Fentanyl Act for the first time to cut off three major Mexican banks, CIBanco, Intercam and Vector, from the U.S. dollar system for allegedly laundering CJNG funds.

In August, the administration secured the extradition of another 26 high-ranking cartel leaders from Mexico, including Abigael González Valencia, another brother-in-law of El Mencho known as ‘El Cuini,’ who was the head of a major money-laundering organization for the cartel.

Not letting up, the next month, the DEA and Department of Homeland Security launched a massive, nationwide weeklong operational surge targeting CJNG distribution networks. The effort led to 670 arrests and the seizure of $18 million in currency and $29 million in assets. The operation also resulted in the seizure of 92.4 kilograms of fentanyl powder and 1,157,672 counterfeit fentanyl pills.

Announcing the seizures, DEA Administrator Terrance Cole said the administration ‘is targeting the Jalisco New Generation Cartel as what it is—a terrorist organization—at every level, from its leadership to its distribution networks and everyone in between.’

‘Let this serve as a warning,’ said Cole at the time. ‘DEA will not relent … This focused operation is only the beginning — we will carry this fight forward together until this threat is defeated.’

By the end of 2025, the DEA was reporting that it had seized a total of 47 million fentanyl pills, enough to represent more than 369 million lethal doses, from cartel smugglers, including CJNG.

At the start of 2026, the administration again increased its targeting of CJNG and other cartels. The Department of War established the Joint Interagency Task Force-Counter Cartel (JIATF-CC) under U.S. Northern Command as the ‘next step’ in the whole-of-government approach to ‘identify, disrupt, and dismantle cartel operations posing a threat to the United States along the U.S.-Mexico border.’

On Feb. 19, just 72 hours before the Tapalpa raid, the Treasury sanctioned Kovay Gardens, a CJNG-controlled resort in Puerto Vallarta, cutting off a $300 million revenue stream flowing into the cartel’s coffers.

Following the raid, White House Press Secretary Karoline Leavitt confirmed the U.S. provided intelligence support to the Mexican government to assist in the operation.

Leavitt added that Trump ‘has been very clear the United States will ensure narcoterrorists … are forced to face the wrath of justice they have long deserved.’

Related Article

Death toll rises after Mexican drug cartel leader killed in US-backed operation
Death toll rises after Mexican drug cartel leader killed in US-backed operation

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Silver Hammer Mining Corp. (CSE: HAMR,OTC:HAMRF) (the ‘Company’ or ‘Silver Hammer’) is pleased to announce that further to its news release dated February 2, 2026, it has closed its previously announced non-brokered private placement pursuant to the Listed Issuer Exemption (‘LIFE’) (the ‘Offering’), issuing 39,136,170 units (the ‘Units’) at a price of CDN$0.10 per Unit for gross proceeds of CDN$3,913,617.

‘The Company is pleased to close our private placement quickly and receive significant interest from new and existing shareholders. We truly appreciate the support from the resource investment community,’ commented Peter A. Ball, President & CEO. ‘The Company is now positioned well financially to fully explore its multiple high-grade and drill-ready historical silver mines in Idaho and Nevada, where we control 100% with no underlying royalties, cumbersome earn-in exploration agreements, or future payments required. Our recent acquisition of the Fahey Group project has gained significant interest, noting its location in the heart of the silver district in Idaho, and we look to aggressively explore this strategic new project this spring. It will be a busy year for the Company in this robust silver market.’

Each Unit consisted of one common share in the capital of the Company (each, a ‘Common Share‘, and collectively the ‘Common Shares‘) and one-half of one Common Share purchase warrant, (each whole warrant, a ‘Warrant‘ and collectively, the ‘Warrants‘). Each Warrant entitles the holder thereof to acquire one Common Share at a price of $0.15 per Common Share for a period of 36 months from the closing date.

In connection with the Offering, the Company paid finder’s fees consisting of CDN$52,990 in cash and issued 1,474,900 finder’s warrants (the ‘Finder’s Warrants‘) to eligible finders. Each Finder’s Warrant is exercisable to acquire one Common Share at an exercise price of CDN$0.15 for a period of 36 months from the date of issuance, and has a hold period of fourth months plus a day.

The Company intends to use the proceeds from the Offering for exploration of its Silver Strand and Fahey Group projects in Idaho, its Eliza and Silverton projects in Nevada, as well as for general working capital and corporate purposes.

About Silver Hammer Mining Corp.

Silver Hammer Mining Corp. is a well-funded junior resource company focused on advancing past-producing high-grade silver projects in the United States. Silver Hammer controls 100% of six previously producing silver mines which are located within the Silver Strand Project in the Coeur d’Alene Mining District in Idaho, USA, and within the Eliza Silver Project and the Silverton Silver Mine in Nevada. The Company also controls the Fahey Group Silver Project in the Silver Valley, Idaho. Silver Hammer’s primary focus is to explore, define and develop silver projects near past-producing mines that have not been adequately tested. The Company’s portfolio also provides exposure to copper and gold.

On Behalf of the Board of Silver Hammer Mining Corp.

Peter A. Ball
President & CEO, Director
E: peter@silverhammermining.com

For investor relations inquiries, contact:

Peter A. Ball
President & CEO
778.344.4653
E: investors@silverhammermining.com

Forward-Looking Information

This press release contains ‘forward-looking information’ within the meaning of applicable Canadian securities legislation. Forward-looking information in this press release includes, without limitation, statements relating to the Offering, the intended use of proceeds from the Offering, and other statements which are subject to a number of conditions, as described elsewhere in this news release. These statements are based upon assumptions that are subject to significant risks and uncertainties, including risks regarding the mining industry, commodity prices, market conditions, general economic factors, management’s ability to manage and to operate the business, and explore and develop the projects of the Company, and the equity markets generally. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or performance of the Company may differ materially from those anticipated and indicated by these forward-looking statements. Any number of factors could cause actual results to differ materially from these forward-looking statements as well as future results. Although the Company believes that the expectations reflected in forward looking statements are reasonable, they can give no assurances that the expectations of any forward-looking statements will prove to be correct. Except as required by law, the Company disclaims any intention and assume no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of securities in the United States. The securities have not been and will not be registered under the U.S. Securities Act or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release. The Canadian Securities Exchange has neither approved nor disapproved the contents of this press release.

Not for distribution to the U.S. newswire or for dissemination in the United States

Corporate Logo

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/284860

News Provided by TMX Newsfile via QuoteMedia

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A Brazilian state-run mining company is seeking an emergency court injunction to block the sale of one of Equinox Gold’s (TSX:EQX,NYSEAMERICAN:EQX) Brazilian assets.

Companhia Baiana de Produção Mineral (CBPM) has asked the Bahia State Court of Justice to immediately repossess a lease area known as the Bahia Complex, according to a court document as reported by Bloomberg.

CBPM argues that Equinox was a leaseholder and not the owner of the concession, and therefore was not entitled to sell it without the state company’s express consent.

“The Canadian company sold a mining right that does not belong to it,” CBPM president Henrique Carballal told the news outlet.

The injunction request relates specifically to the Bahia Complex and does not cover other Brazilian assets included in the transaction. Equinox announced in December last year that it had agreed to sell its Brazilian operations to Contemporary Amperex Technology (SZSE:300750,HKEX:3750) in a US$1 billion deal expected to close in the current quarter.

Equinox said it has not received notice of any lawsuit. Executive vice president of capital markets Ryan King said the company “is confident that the sale of its operations in Brazil was fully compliant with Brazilian law and all contractual obligations,” In an emailed response to Bloomberg.

“While Equinox Gold is prepared to defend its position in court if required, the company remains open to engaging in constructive discussions with the State to seek a mutually agreeable resolution,” King added.

The legal challenge comes as Equinox closes what it described as a “transformational” 2025.

The company reported in its preliminary full-year gold production of 922,827 ounces, including 856,908 ounces that met its annual guidance range of 785,000 to 915,000 ounces, plus 65,918 ounces from its Valentine, Los Filos, and Castle Mountain sites. In Q4 alone, Equinox produced a record 247,024 ounces of gold.

“2025 marked an important year of progress for Equinox Gold,” Hall said. “The merger with Calibre created a tier one North American focused gold producer anchored by two new long-life Canadian mines.”

Hall acknowledged earlier operational challenges at Greenstone but said improvements were evident in the fourth quarter, when the mine produced more than 70,000 ounces, up 29 percent from the prior quarter.

Equinox also reduced its debt by more than US$1.1 billion since the second quarter of 2025. The company expects to produce between 700,000 and 800,000 ounces in 2026 and generate sufficient cash flow to eliminate its remaining debt this year.

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

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Sirios Resources (TSXV: SOI,OTC:SIREF) (OTCQB: SIREF) is pleased to announce that the Company will be presenting at Red Cloud’s Pre-PDAC Mining Showcase. We invite our shareholders and all interested parties to join us.

The conference will be held in-person at The Omni King Edward Hotel in Toronto on February 26-27, 2026.

Founder and current CEO Dominique Doucet, as well as incoming CEO Jean-Félix Lepage, will both be present on February 26th and 27th, and will present on Thursday Feb. 26 at 3:20 PM, providing an update on the Company’s new strategy following its recent acquisition of the private, Osisko-backed company OVI Mining.

Sirios Resources is entering a transformative phase with this acquisition, which will strengthen its leadership team and create a consolidated, district-scale gold platform in Québec’s Eeyou Istchee James Bay region, with a focus on advancing the company’s flagship Cheechoo Gold Project. The transaction will strengthen the management team, enhance the Company’s exploration potential, and accelerate its development.

The Red Cloud Pre-PDAC Mining Showcase brings together senior mining executives, institutional investors, and industry professionals for two days of focused presentations and one-on-one meetings.

For more information and/or to register for the conference please visit: https://redcloudfs.com/prepdac2026/.

We look forward to seeing you there.

About Sirios Resources

Sirios Resources Inc. (TSXV: SOI,OTC:SIREF) (OTCQB: SIREF) (www.sirios.com) is a Québec-based mineral exploration company focused on developing its portfolio of high-potential gold properties in the Eeyou Istchee James Bay region of Canada.

For further information:

Dominique Doucet
Executive Chairman
450-482-0603
ddoucet@sirios.com
https://www.sirios.com/en/

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/284888

News Provided by TMX Newsfile via QuoteMedia

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The father and brother of a young woman killed by an illegal immigrant will be in Washington, D.C., on Tuesday night watching President Donald Trump deliver his State of the Union address, after his administration helped track down the man who ended the woman’s life.

Sarah Root, a 21-year-old Iowa native, was killed in Nebraska hours after she graduated from Bellevue University by a drunk driver whose blood alcohol content was more than three times the legal limit.

The man, Eswin Mejia, was in the U.S. illegally at the time of the incident in January 2016. He was arrested and released on bond the following month and fled the country, according to the Department of Homeland Security (DHS).

Then-candidate Trump was critical of the Obama administration’s handling of the case.

The Trump administration later tracked Mejia down in Honduras and extradited him to the U.S. in March 2025. He was sentenced to more than 20 years in prison.

Sarah Root’s father and brother will attend in-person as Trump delivers his primetime address to Congress on Tuesday evening, thanks to an invitation from Rep. Randy Feenstra, R-Iowa.

‘I think that the message it sends is that, under President Trump, that we will find you. I mean, if you’re an illegal criminal in this state or in this country, we will find you, and you will get deported, or you will be prosecuted. I think that is the message loud and clear,’ Feenstra told Fox News Digital.

He said Sarah Root’s father, Scott Root, was present at the White House when Trump signed the Laken Riley Act into law last year. 

The anti-illegal immigrant bill also included an amendment named after Sarah Root that would require Immigrations and Customs Enforcement (ICE) to detain illegal immigrants charged with seriously injuring or killing someone.

‘Scott was at the White House with me during the signing of the bill. And he got to know President Trump, so now to be there at the State of the Union — that is really, really a big deal,’ Feenstra said.

Trump’s crackdown on illegal immigration has been a primary focus of his administration, after his criticism of how the issue was handled by former Presidents Barack Obama and Joe Biden.


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For two of Washington’s most diametrically opposed political figures, there is a newfound common ground: whether the truth is out there.

President Donald Trump and Senate Minority Leader Chuck Schumer, D-N.Y., have butted heads since the former came to Washington, D.C. But now both want to expose whether there is life beyond the stars.

Their newfound unity on the subject conjoins a passion of Schumer’s and a moment of expedience for Trump.

Trump, spurred by former President Barack Obama saying on a podcast that there was alien life — then walking it back shortly after — ordered Secretary of War Pete Hegseth late Thursday night to dump the government’s files on extraterrestrials.

‘Based on the tremendous interest shown, I will be directing the Secretary of War and other relevant Departments and Agencies to begin the process of identifying and releasing Government files related to alien and extraterrestrial life, unidentified aerial phenomena (UAP), and unidentified flying objects (UFOs), and any and all other information connected to these highly complex, but extremely interesting and important, matters,’ Trump said on Truth Social.

The timeline for release of the documents and the breadth and scope of materials that could become public were unclear, but chief Pentagon spokesman Sean Parnell told Fox News Digital in a statement, ‘The Department looks forward to working with the interagency to fulfill the President’s directive.’

For Schumer, it’s a passion project years in the making.

Seeking more transparency on UFOs and UAPs is a torch Schumer picked up from the late former Senate Majority Leader Harry Reid, D-Nev., a friend and mentor of the current top Senate Democrat. It’s also an issue he has prodded Trump to take up since last year.

‘Now do UFOs,’ Schumer said in response to Trump ordering files related to the assassinations of former President John F. Kennedy, Robert F. Kennedy and Martin Luther King Jr. to be declassified.

Reid gave the quest to unveil secrets surrounding UFOs and UAPs legitimacy in the late 2000s when he played a key role in funding the Pentagon’s Advanced Aerospace Threat Identification Program. That public program received millions to investigate unexplained phenomena.

Several years later, Schumer picked up where his predecessor left off. His most recent push came in 2023, when he served as Senate majority leader under former President Joe Biden.

He and Sen. Mike Rounds, R-S.D., introduced legislation modeled after the President John F. Kennedy Assassination Records Collection Act of 1992.

That bill, meant to be an amendment to the annual National Defense Authorization Act (NDAA), would have created a review board at the National Archives and Records Administration to collect the government’s trove of documents on UFOs and UAPs and established a presumption of disclosure for the records, requiring the government to provide a compelling reason why they shouldn’t be released to the public.

Ultimately, their original version did not pass muster, and a more watered-down iteration of the bill became law — an outcome Schumer blasted as an ‘outrage’ at the time.

‘It means that declassification of UAP records will be largely up to the same entities that have blocked and obfuscated their disclosure for decades,’ Schumer said.


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Anti-government protests are resurging across Iran, with videos showing students chanting slogans against the regime as nuclear negotiations with the United States are set to resume on Thursday.

A video translated by Reuters showed demonstrators shouting ‘We’ll fight, we’ll die, we’ll reclaim Iran,’ reflecting growing anger towards the country’s leadership.

The renewed unrest follows months of frustration over economic hardship, repression and previous crackdowns, placing additional domestic pressure on the regime as talks unfold. Analysts say the convergence of protests at home, military pressure abroad and a stalled diplomatic track has hardened rhetoric on both sides rather than pushing them toward compromise.

The Iranian regime, meanwhile, is striking a defiant tone. President Masoud Pezeshkian said Tehran would ‘not bow down’ to pressure tied to nuclear negotiations, warning that external coercion would not change Iran’s stance, according to Al Jazeera.

His remarks come ahead of a new round of U.S.–Iran talks set for Thursday in Geneva, confirmed by Oman, which is mediating the discussions. The negotiations aim to address Tehran’s nuclear program amid rising regional tensions, though major disputes remain over enrichment limits, sanctions relief and the scope of any deal.

In a February speech analyzed by the Foundation for Defense of Democracies, Supreme Leader Ayatollah Ali Khamenei ruled out abandoning uranium enrichment and rejected U.S. demands to include Iran’s ballistic missile program and regional proxy activity in negotiations. 

The analysis, authored by FDD research analyst Janatan Sayeh and Iran Program Senior Director Behnam Ben Taleblu, noted that Khamenei has escalated attacks on Washington’s leadership, calling President Donald Trump a ‘criminal’ for backing Iranian protests and circulating rhetoric likening him to a tyrant.

Meanwhile, the United States has expanded its military presence in the Middle East while signaling force remains an option. The deployments have shaped both the tone and urgency of the negotiations, reinforcing that diplomacy is unfolding under the shadow of potential escalation.

Special envoy Steve Witkoff warned Saturday that Iran could be ‘a week away’ from having ‘industrial-grade bomb-making material,’ citing enrichment levels he said are approaching weapons capability.

‘It’s up to 60%,’ Witkoff said. ‘They’re probably a week away from having industrial-grade bomb-making material.’ He made the remarks on ‘My View with Lara Trump,’ describing the situation as dangerous and accusing Iran of violating President Trump’s ‘zero enrichment’ red line.

U.S. officials have warned that failure to reach an agreement could trigger serious consequences, while Tehran has signaled readiness to retaliate if attacked, reinforcing the sense that negotiations are taking place under intense pressure.

Reuters contributed to this report.


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U.S. policy is often reported through announcements, personalities, and regulatory skirmishes. Far less attention is paid to the economic mechanisms that actually move structures and determine outcomes.

To understand how the White House is organizing a multi-pronged strategy for AI adoption and export, and how its pieces are meant to work together in practice, I had an exclusive sit down with Michael Kratsios, assistant to the president and director of the White House Office of Science and Technology Policy.

The fundamental issue you speak about at the summit is the widening AI adoption gap between the developed and developing world. What makes that a concern for the White House right now?

The divergence in AI adoption between developed and developing countries is growing every day. We see the world in two broad categories, and different tools are needed for each.

Developing countries are at risk of falling behind at a fundamental inflection point. That is why we urge them to prioritize AI adoption in sectors that deliver concrete benefits: healthcare, education, energy infrastructure, agriculture, and citizen-facing government services.

For too long, countries seeking development support faced a false choice. We believe the American AI Exports Program offers a different path: trusted best-in-class technology, financing to overcome adoption barriers, and deployment support so governments can learn how and where to use these tools.

America remains the undisputed leader in AI, from GPUs to data centers to frontier models and applications. That leadership brings with it a responsibility to share the foundations of a new era of innovation. We stand ready to work with partners around the world so creativity, freedom, and prosperity shape today’s technological revolution.

A lot of governments say they want AI leadership. Your delegation came in talking about real AI sovereignty, rejecting global governance, and launching an export program with multiple prongs. What is fundamentally different about this approach, and how should countries understand the system you’re building?

The hope of the United States is that the pursuit of real AI sovereignty, the adoption and deployment of sovereign infrastructure, sovereign data, sovereign models, and sovereign policies within national borders and under national control, will become an occasion for bilateral diplomacy, international development, and global economic dynamism. The American AI Exports Program exists to make that happen.

Real AI sovereignty means owning and using best-in-class technology for the benefit of your people, and charting your national destiny in the midst of global transformations. We urge nations to focus on strategic autonomy alongside rapid AI adoption rather than aiming for full self-sufficiency. AI adoption cannot lead to a brighter future if it is subject to bureaucracies and centralized control.

We deeply believe that the best pathway for the developing world to fully realize the untold benefits of AI is through the adoption of the American AI stack. The American AI stack has the best chips, the best models, and the best applications in the world, and that is what countries ultimately need to deploy AI effectively.

When you say the American AI stack, are you talking about selling products, or shaping the foundation on which countries build while keeping sensitive data under national control?

Working with the American AI stack allows nations to build on the best technologies in the world while keeping sensitive data within their borders. Independent partners are critical to unlocking the prosperity AI adoption can deliver. That is why the President launched the American AI Exports Program.

American companies can build large, independent AI infrastructure with secure and robust supply chains that minimize backdoor risk. They build it, and it belongs to the country deploying it.

If this is an adoption strategy, then cost and complexity become the bottlenecks. Your public remarks emphasize financing and deployment sophistication as the two biggest hurdles for developing countries. How are you actually removing those barriers?

Developing countries face two major obstacles to AI adoption. One is financing. The AI stack is expensive. Through the energy and material demands of its infrastructure, it brings the digital transformation of our world back into physical reality. Data centers, semiconductors, power production all require real labor and real resources.

The second barrier is a deficit in the technical sophistication needed to deploy AI tools effectively. To address this, we announced a U.S. government-wide suite of support initiatives to facilitate global adoption of trusted AI systems, create a competitive and interoperable AI ecosystem, and advance the American AI Exports Program in both developed and developing partner nations.

Spell out that suite. What are the prongs, capital, integration, standards, execution, and which agencies are being activated?

We unveiled a new set of initiatives across the federal government supporting the American AI Exports Program, which was launched by executive order last July.

The first new initiative within it is the National Champions Initiative. It is designed to include the leading technology companies of partner countries directly into the American AI stack. We want the best technologies from all our partners and allies to be part of that ecosystem wherever the American AI stack goes.

The second is a full suite of financing and funding opportunities. We are mobilizing support through the U.S. International Development Finance Corporation, the Export Import Bank, the Millennium Challenge Corporation, the U.S. Trade and Development Agency, and a new World Bank fund, with additional programs launched by Treasury and other parts of the U.S. government. The message is simple: this is serious. Every possible financing avenue is being brought to bear.

The third is the creation of the U.S. Tech Corps. It is a reimagining of how the Peace Corps can make an impact in the modern era. We are seeking Americans with technical backgrounds who can help deploy American technology abroad, because there is no better tool to drive economic development, health improvements, and quality of life gains than AI.

And finally, we believe one of the fastest ways to drive global adoption is through standards, particularly as the next wave of innovation centers on AI agents. How those agents communicate and coordinate their actions will benefit from unified standards, which is why NIST has launched a dedicated initiative.

The National Champions Initiative is easy to misunderstand. Critics hear American stack and assume dependency. Your framing suggests the opposite, integrating partner champions so countries do not have to choose between importing the stack and building domestic capability. Is that the point?

Exactly. To integrate partner nation companies with the American AI stack and ensure that no country has to choose between completing the stack and developing domestic AI, we established the National Champions Initiative. Partners need the opportunity to build native technology industries, and facilitating that is a core part of the exports program.

You have also criticized previous U.S. approaches to AI diffusion for restricting partners. What did that get wrong strategically?

The previous approach treated partners as second-tier actors with significant restrictions on access to advanced technology. That was a lose-lose AI diplomacy strategy. It cut off partners from the best technology and limited American companies from competing globally.

Under President Trump, the United States is rethinking how it advances international development and how technology can deliver lasting impact. We believe both developed and developing countries can build sovereign AI capability if given the chance.

Let’s talk about the Tech Corps, because it would be easy to dsmiss it as a feel-good addition. In your model, it sounds like an execution layer. What would these teams actually do on the ground?

These will be like Peace Corps volunteers, except the focus is on technology. We are looking for people with technical backgrounds who want to help implement AI solutions.

If a country wants to improve agriculture through precision farming, apply AI to healthcare systems to improve hospital efficiency, or modernize digital public services, American technologists through the Tech Corps and the Peace Corps will be able to support those efforts.

A lot of young people today care deeply about real-world impact. What is special about this moment is that the United States has incredible technology, the best chips, models, and applications, and we are being more deliberate about sharing it.

Artificial intelligence will be a ‘fundamental infrastructure’ for every company, NVIDIA CEO predicts

You put unusual emphasis on AI agents and interoperability. Why does the White House see standards as a strategic lever now?

The next wave of AI innovation over the next year or two will center on agents. How those agents communicate and orchestrate their actions would benefit greatly from unified standards. NIST has launched an initiative to develop standards for agents so these systems can interoperate securely and effectively.

You also linked this export architecture to supply chains, from chips to data centers to power and minerals. Where does Pax Silica fit? Is it the hard backbone complement to the adoption layer?

Pax Silica is a broader alliance focused on supply chain challenges that the United States and many partner nations have faced. It is a small, select group of countries working together to alleviate these challenges. India is a tremendous addition.

AI adoption depends on secure physical inputs. The AI stack is tangible: data centers, semiconductors, power generation. Pax Silica helps address those vulnerabilities while the exports program accelerates adoption. They are complementary.

Since India hosted the summit and joined Pax Silica, what role do you see for India within this strategy?

India is a technology powerhouse. It graduates an incredible number of engineers, has deep domestic talent, and is building strong products and applications. We look forward to working with them.

India has long been a strong partner in how the United States shares technology abroad. Our major hyperscalers have data centers and research operations here and employ large numbers of Indian engineers. We believe many Indian companies can ultimately become part of the American AI stack.

When critics frame this as being about China, you resist that characterization. How does the administration view competition?

We do not see this as being about any one competitor. This is about the fact that the United States has the best AI technology in the world, and many countries want it in their ecosystems. We are excited to share it and build mutually beneficial partnerships globally.


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GLOBEX MINING ENTERPRISES INC. (GMX Toronto Stock Exchange, G1MN Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz, LS Exchange, TTMzero, Düsseldorf and Quotrix Düsseldorf Stock Exchanges and GLBXF OTCQX International in the US) is pleased to update shareholders on exploration drilling by Cartier Resources Inc. (ECR-TSXV, 6CA-FSE) on Globex’s Nordeau Royalty claims (Exhibit 1) in Vauquelin Township (32C03), 45 km southeast of Val d’Or, Quebec. Globex holds a 3% Gross Metal Royalty on the Nordeau claims including the area where Cartier has identified a new gold zone called the East Nordeau Zone on Cartier’s Cadillac Property. Late last year Cartier embarked on an aggressive 600 drill hole, 100,000 metre drill program on its Cadillac property.

Cartier has announced additional drill intersections on the East Nordeau gold zone (ENZ) intersecting significant high-grade gold mineralization near surface. The ENZ is comprised of two parallel high-grade gold zones, EN1 and EN2 separated by approximately 25 metres. The mineralization was confirmed over a 400-metre strike length and remains open to depth. According to Cartier the new mineralization environment with iron formations may indicate a strong opportunity to make further gold discoveries, increasing the scale of the target area in the Nordeau Sector. The ENZ zone is located 800 metres south of the Contact Sector and the high-grade North Contact Zone. Mineralisation found in the ENZ is shown in plan maps, cross and longitudinal sections in Exhibit 2.

The highlight results from the Cartier Resources Inc. press release are as follows:

  • In the ENZ
    • CA25-565 intersected 23.2 g/t Au over 1.0 metres in EN1 Zone.
    • CA25-570 intersected 11.9 g/t Au over 1.0 metres in EN1 Zone and 14.1 g/t Au over 1.0 metres in EN2 Zone.
    • CA25-572 intersected 7.3 g/t Au over 1.0 meters in EN1 Zone.

Note: Based on the observed intercept angles within the drill core, true thicknesses are estimated to represent approximately 70-95% of the reported core length intervals.

  • Importantly holes CA25-565, 570, and 572 confirm the newly recognized ENZ high grade gold zone near surface. Cartier plans further drilling to refine the geological model and verify the mineralization continuity. Exploration drilling is planned to test several new high-priority regional targets along the strike of the Nordeau Sector and the Cadillac Fault Zone.

Exhibit 1. Globex Royalty Claims Showing Mineralized Gold Zones.

Globex Royalty Claims Showing Mineralized Gold Zones

Note: The Cadillac Project Resources are for the entire Cadillac project including the Chimo deposit where Globex does not have a royalty.

Exhibit 2. Plan View, Cross and Long Sections of the Nordeau Sector

Plan View, Cross and Long Sections of the Nordeau Sector

Note: Images are from the Cartier Press Release.

For more detailed information on the drill results please click here to access Cartier’s latest press release at https://ressourcescartier.com/news/cartier-hits-23-2-g-t-au-at-east-nordeau-cadillac-project/.

The success displayed by Cartier on the Globex’s royalty claims is impressive. Globex looks forward to seeing additional drill results along the North Contact Zone and the East Nordeau Zone as the drill program continues.

This press release was written by David Christie, P.Geo.., President and COO in his capacity as a Qualified Person (Q.P.) under NI 43-101.

We Seek Safe Harbour. Foreign Private Issuer 12g3 – 2(b)
  CUSIP Number 379900 50 9
LEI 529900XYUKGG3LF9PY95
For further information, contact:
David Christie
President and COO
Globex Mining Enterprises Inc.
120 Carlton Street, Unit 219
Toronto, Ontario, Canada M5A 4K2
Tel.: 819.797.5242
Fax: 819.797.1470
info@globexmining.com
www.globexmining.com
   

Forward-Looking Statements: Except for historical information, this news release may contain certain ‘forward-looking statements’.  These statements may involve a number of known and unknown risks and uncertainties and other factors that may cause the actual results, level of activity and performance to be materially different from the expectations and projections of Globex Mining Enterprises Inc. (‘Globex’).  No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, or if any of them do so, what benefits Globex will derive therefrom.  A more detailed discussion of the risks is available in the ‘Annual Information Form’ filed by Globex on SEDARplus.ca.

Figures accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/089b23a0-5543-4ae4-b6f6-571371e11078

https://www.globenewswire.com/NewsRoom/AttachmentNg/b387281a-bbd8-4e90-a64f-d3d55caf8623

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(TheNewswire)

Pinnacle Silver and Gold Corp.

‘Robert Archer, President and CEO of Pinnacle stated, ‘We are very appreciative of the opportunity to spread out the payments as this will allow us to better budget our direct project costs and place more emphasis on advancing the project.  With our recently completed financing, we are continuing our fast-track approach to production at El Potrero with the upcoming underground drilling program.’

About the Potrero Property

El Potrero is located in the prolific Sierra Madre Occidental of western Mexico and lies within 35 kilometres of four operating mines, including the 4,000 tonnes per day (tpd) Ciénega Mine (Fresnillo), the 1,000 tpd Tahuehueto Mine (Luca Mining) and the 250 tpd Topia Mine (Guanajuato Silver).

High-grade gold-silver mineralization occurs in a low sulphidation epithermal breccia vein system hosted within andesites of the Lower Volcanic Series and has three historic mines along a 500 metre strike length.  The property has been in private hands for almost 40 years and has never been systematically explored by modern methods, leaving significant exploration potential.

A previously operational 100 tpd plant on site can be refurbished / rebuilt and historic underground mine workings rehabilitated at relatively low cost in order to achieve near-term production once permits are in place. The property is road accessible with a power line within three kilometres.  

Pinnacle will earn an initial 50% interest immediately upon commencing production.  The goal would then be to generate sufficient cash flow with which to further develop the project and increase the Company’s ownership to 100% subject to a 2% NSR.  If successful, this approach would be less dilutive for shareholders than relying on the equity markets to finance the growth of the Company.

About Pinnacle Silver and Gold Corp.

Pinnacle is focused on the development of precious metals projects in the Americas.  The high-grade Potrero gold-silver project in Mexico’s Sierra Madre Belt hosts an underexplored low-sulphidation epithermal vein system and provides the potential for near-term production. In the prolific Red Lake District of northwestern Ontario, the Company owns a 100% interest in the past-producing, high-grade Argosy Gold Mine and the adjacent North Birch Project with an eight-kilometre-long target horizon.  With a seasoned, highly successful management team and quality projects, Pinnacle Silver and Gold is committed to building long-term, sustainable value for shareholders.

Signed: ‘Robert A. Archer’

President & CEO

For further information contact:

Email:        info@pinnaclesilverandgold.com

Tel.:  +1 (877) 271-5886 ext. 110

Website: www.pinnaclesilverandgold.com

 

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

 

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