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New Found Gold is an emerging Canadian gold producer combining a high-grade, district-scale flagship project with producing and processing assets in Newfoundland and Labrador to accelerate production, generate near-term cash flow, and drive long-term growth.

Overview

New Found Gold (TSXV:NFG,NYSE:NFGC) is an emerging Canadian gold producer with assets located in Newfoundland and Labrador, Canada. The company’s portfolio includes its flagship Queensway gold project as well as the recently acquired Hammerdown operation, Pine Cove mill and Nugget Pond hydrometallurgical gold plant.

New Found Gold projects

At the beginning of 2025, New Found Gold refreshed its board of directors and management team by adding a group of experienced mine builders and operators to support the company’s transition from exploration to production and build off its established exploration expertise.

In November 2025, New Found Gold completed its previously announced acquisition of Maritime Resources, creating a diversified gold company with both development and producing assets in a top-tier jurisdiction. The transaction brought together two high-quality gold projects — Queensway and Hammerdown — and added established processing infrastructure which has positioned the company to pursue a clear path to production and cash flow.

The company is currently focused on advancing Queensway toward production while bringing Hammerdown into steady-state gold production in 2026. This multi-asset approach is intended to support near-term cash flow generation while maintaining meaningful exploration and development upside through Queensway’s large, high-grade gold system.

At Queensway, New Found Gold has consolidated a district-scale land position and continues to advance technical work including infill drilling, grade control drilling, geotechnical studies and exploration programs. At the same time, the company’s ownership of processing and operational assets provides infrastructure optionality as development progresses.

Company Highlights

  • District-scale land package at Queensway totaling over 230,000 hectares and covering over 110 kilometres of strike along two major fault zones
  • Recently acquired Hammerdown operation, targeted for steady-state gold production in 2026
  • Ownership of the Pine Cove operation (with a permitted mill and tailings facility) and Nugget Pond hydrometallurgical gold plant, providing processing infrastructure
  • Strengthened management team and solid shareholder base, including cornerstone investor Eric Sprott

Key Projects

Queensway Gold Project

The 100 percent owned Queensway gold project is New Found Gold’s flagship asset and the primary driver of long-term value creation. Located in central Newfoundland, Queensway now spans over 230,000 hectares, following a completed land acquisition from Exploits Discovery Corp., and covers more than 110 kilometres of strike along the Appleton and JBP fault zones, highlighting its district-scale exploration potential.

u200bAerial view of the Queensway gold project

Aerial view of the Queensway gold project, adjacent to the Trans-Canada Highway near Gander, Newfoundland and Labrador

In July 2025, New Found Gold completed a preliminary economic assessment (PEA) for Queensway, showing 1.5 Moz gold production over a 15-year mine life. The PEA outlines a phased development strategy designed to accelerate the project’s path to production. Phase 1 of the PEA focuses on mining high-grade, near-surface mineralization from the Appleton Fault Zone (AFZ) Core, with processing planned via off-site milling. This approach is intended to reduce upfront capital requirements while enabling earlier cash flow generation.

The AFZ Core hosts multiple high-grade gold zones, including Keats, Iceberg, Keats West, Lotto and Monte Carlo, which form the foundation of the PEA mine plan. Ongoing infill drilling, grade control drilling, excavation and geotechnical programs are being carried out to support mine planning, improve resource confidence, and advance future mineral resource updates. Recent drilling at zones such as Monte Carlo and Keats has returned high-grade results that generally align with the existing resource model, reinforcing continuity within the proposed open-pit areas.

Queenswayu2019s neighbouring gold projects

Queensway’s neighbouring gold projects

Beyond the current mine plan, continued drilling along strike and at depth across Queensway has delivered new discoveries, highlighting the project’s potential for resource growth beyond the initial PEA scope. The combination of a defined development pathway, high-grade mineralization, and district-scale exploration potential positions Queensway as a central asset within New Found Gold’s emerging production-focused portfolio.

Hammerdown Operation

The Hammerdown operation is a high-grade gold project that New Found Gold is advancing toward steady-state production. The first gold pour from Hammerdown was announced on November 12, 2025.

u200bAerial view of the Hammerdown operation

Aerial view of the Hammerdown operation, near Springdale, Newfoundland and Labrador.

Hammerdown is supported by nearby processing infrastructure, allowing New Found Gold the optionality to pursue a production-focused strategy alongside ongoing development at Queensway. The operation is the first step in establishing the company as a new Canadian gold producer.

Pine Cove Operation and Nugget Pond Hydrometallurgical Gold Plant

New Found Gold also owns the Pine Cove operation, which includes a mill and tailings facility, as well as the Nugget Pond hydrometallurgical gold plant. These assets provide the company with permitted processing infrastructure in Newfoundland and Labrador.

Ownership of these facilities enhances operational flexibility and supports the company’s broader production and development strategy as it advances Hammerdown and Queensway.

Management Team

Keith Boyle — Chief Executive Officer and Director

Keith Boyle brings over 40 years of global mining experience, including extensive roles in operations, project development, technical studies, investor relations and budget management. Prior to joining New Found Gold, Mr. Boyle served as chief operating officer at Reunion Gold, where he fast-tracked the high-grade Oko West project in Guyana ahead of its acquisition for $870 million. He holds a Bachelor of Science in Mining Engineering and an MBA, and is a registered professional engineer in Ontario and Newfoundland & Labrador.

Melissa Render — President

Melissa Render is an exploration geologist with more than 18 years of experience focused on orogenic gold systems. She joined New Found Gold as a consultant in 2020, became vice-president, exploration in 2021, and was promoted to president in 2024. Ms. Render has led exploration programs worldwide across multiple gold belts and brings expertise in target generation, 3D modelling, data management and exploration program design. She holds a Bachelor of Science in Geological and Earth Sciences from Dalhousie University and is a registered professional geoscientist in Ontario and Newfoundland & Labrador.

Hashim Ahmed — Chief Financial Officer

Hashim Ahmed brings 25 years of finance, corporate strategy and capital markets experience to New Found Gold. He has held senior financial and executive positions across the mining industry, including most recently as executive vice-president and CFO at Mandalay Resources. His background spans royalty, mid-tier and senior gold companies. Mr. Ahmed obtained his CA/CPA designation with PricewaterhouseCoopers LLP.

Robert Assabgu — Chief Operating Officer

Robert Assabgu is an experienced mining engineer with expertise in project management, engineering and operations. His career includes leadership roles at Inco/Vale and Hudbay Minerals, where he oversaw multiple mines, concentrators and technical services teams. He also played a key role at Reunion Gold on the Oko West project ahead of the G Mining Ventures acquisition. Mr. Assabgui holds a Bachelor of Engineering degree in Mining and Mineral Engineering from McGill University in Montreal.

Fiona Childe — Vice-president, Communications and Corporate Development

Fiona Childe has more than 25 years of industry experience, beginning as an exploration geologist and later focusing on capital markets, corporate development and investor communications. Throughout her career, she has held senior management positions and consulted for mining companies, such as Mineros S.A. and Tau Capital Corp. with a primary focus on gold. Dr. Childe holds a Ph.D. in geology from the University of British Columbia and a professional geoscientist designation in Ontario.

Jared Saunders — Vice-president, Sustainability

Jared Saunders brings over two decades of experience in environmental science, regulatory compliance and stakeholder engagement. His background includes environmental leadership roles at Vale Newfoundland & Labrador and consulting project experience in environmental risk assessment and contaminated site management. Dr. Saunders holds a Ph.D. in Environmental Sciences degree from the Royal Military College in Kingston, Ontario. He sits on the Board of Directors for Mining Industry, NL as Director – Exploration.

Jelena Novikov Fried — General Counsel and Corporate Secretary

Jelena Novikov Fried has more than 20 years of legal experience in corporate, commercial and securities law. Prior to joining New Found Gold, she served as legal director, corporate and securities at lithium-ion battery recycler Li-Cycle, and practiced corporate and securities law with Cassels Brock & Blackwell LLP and Bennett Jones LLP. Ms. Novikov Fried holds a Juris Doctor from the University of British Columbia.

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Turning Point USA’s AmericaFest is very much like a circus, and I mean that in the best possible way. A circus can travel anywhere, put up its tents and put on a show.

The scale of last weekend’s event in Phoenix was nothing short of monumental, with 31,000 in attendance. That isn’t so far off of the estimated 50,000 souls who went to the 2024 Republican National Convention in Milwaukee.

To put it bluntly, TPUSA, along with other organizations, are capable of producing a much-needed midterm convention and a city like Phoenix, which hosted the conservative confab admirably, is exactly where it should be held.

As I’ve written in this column before, a midterm GOP conventionmidterm GOP convention, though a tad unconventional as a concept, is exactly what Republicans need to put Trump and his policy wins front and center before the electorate.

John and Lucy, a couple in their 40s who I met at the event, told me it was their first AmFest.

‘The energy is amazing,’ Lucy said. ‘I didn’t know what to expect, but I didn’t expect this.’

John concurred, saying, ‘This is like a rock concert, fireworks and loud music, I think it gets everyone pumped up.’

The atmosphere at AmFest was a whizzing and whirring technicolor explosion of light and sound, all resounding toward the goal of forwarding the conservative movement.

There is little doubt that 10 minutes at a pulsating and intense live event like Amfest – or a Trump rally – is worth 10 days of on-screen ads. It hits attendees in each of their five senses, and 50,000 may not sound like much, but that’s a veritable army to send back home in an off-year election.

One eager young conservative I met, Matt, who is studying finance in grad school and sports what might now be called the TPUSA mustache, told me, ‘I’d totally go to a midterm convention. Hell, I’d just go for the parties.’

That may sound a bit shallow to some, but it also sounds like exactly the kind of positive energy that a winning political movement needs.

When it comes to the question of where to hold a midterm convention, Phoenix can teach would-be convention planners a lot about the key question of location, location, location.

Vance closes out AmFest 2025 after record-breaking turnout

In places like New York City or Chicago, AmFest would have brought out hundreds of protesters, including many of the dangerous Antifa variety. Even vastly smaller events like a recent Mom’s For Liberty conference in Philadelphia attracted angry mobs.

In Phoenix, I never saw more than a dozen or so, and they were far more silly than menacing.

It’s worth noting that the local news channels did choose to focus almost as much attention on this bedraggled band of apparently unemployed naysayers as they did the tens of thousands inside the event.

Funny that.

But around the clean and very pretty downtown of soft light and perfect temperatures, one felt little to no resentment or pushback at the sudden flood of red MAGA hats and sparkly Trump outerwear. Everything was cool.

I asked one of my Uber drivers, a longtime Phoenix resident, why he thought the city was so welcoming in this way.

‘Nobody is uptight about politics. Everyone has weird ideas, we have weird politicians,’ he told me, laughing at his own joke for moment before adding, ‘It’s always been like this.’

Phoenix is not the only prime location for a midterm convention. Oklahoma City is another, as is Nashville. These are thriving places with better than average governance that truly do highlight the accomplishments of the Trump administration.

JD VanceJD Vance told the crowd at AmFest, ‘Why do we penalize corporations that ship American jobs overseas? Because we believe in the inherent dignity of human work and every person who works a good job in this country.’

The best place to sell that very popular message is in the smaller American cities where the jobs are being created, not one of the great metropolises still clinging to the dream that one day everyone can just work for the government.

As of now, the GOP has somewhere just north of seven months to put together a midterm convention, but the good news is that it is also flush with campaign cash. And the conservative movement has organizations like TPUSA that are capable of coming together to pull it off.

If Republicans want to hold onto Congress and give Trump a runway for his final two years, then their first priority for the coming fall should be to bring the circus back to town.


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As President Donald Trump rolls out his TrumpRx proposal to cut prescription drug prices, economists are raising questions about what happens when prices are capped and whether short-term savings for consumers come at the expense of future medical breakthroughs.

On Friday, Trump announced deals with nine pharmaceutical companies to lower prices on certain medications for Americans, along with $150 billion in promised new investments in domestic manufacturing and pharmaceutical research.

The announcement builds on the administration’s Trump Rx initiative, a government-run portal designed to steer consumers toward lower-cost prescription drugs offered directly by manufacturers. The program is central to Trump’s effort to tie U.S. drug prices to those paid in other wealthy countries, a policy known as ‘most favored nation’ pricing.

But economists caution that price-lowering agreements don’t eliminate costs and often shift them elsewhere, particularly into reduced drug development, delayed innovation, or higher prices in other parts of the market.

Michael Baker, director of healthcare policy at the American Action Forum, said government price setting shifts costs rather than eliminating them.

‘At the most basic level, government price setting only limits what patients pay for a drug — usually reflected in an out-of-pocket or co-insurance payment,’ Baker said. ‘This does nothing to address the overall cost of the drug, which someone still has to pay, nor does it lower the cost associated with development.’

As a result, Baker said, patients ultimately bear those costs through tighter coverage rules, fewer treatment options or reduced future innovation.

‘Patients will experience far less of the crown jewel of the U.S. healthcare system that they are currently accustomed to receiving,’ he added.

Economists say the effects of permanent price caps would also be felt upstream, in research and development.

‘We know for sure that if drug prices are capped permanently below the levels the firm would have set, that will lead to lower incentives for R&D to discover new drugs and bring them to market,’ explained Mark V. Pauly, professor of healthcare management at The Wharton School at the University of Pennsylvania.

Pauly added that the impact is expected to be negative, but its scale — including how many drugs might never be developed and their potential value — remains highly uncertain.

‘I do not know the answer, but I know for sure no one else does either,’ he added.

Others argue the administration’s approach avoids the most damaging forms of price control.

Ed Haislmaier, an expert in healthcare policy and markets at The Heritage Foundation, said recent agreements appear to involve companies trading lower prices for benefits such as expanded market access or relief from other costs, including tariffs.

‘In such cases, companies are likely calculating that revenue losses from lower prices will be offset by revenue gains from more sales,’ Haislmaier told Fox News Digital.

‘The kind of government price controls that are most damaging to innovation are ones that limit the initial price a company can charge for a new product. That is the situation in some countries, but fortunately not yet the in the United States,’ he added.

Ryan Long, Paragon’s director of congressional relations and a senior research fellow, suggested that pricing pressure abroad could force foreign governments to shoulder a greater share of drug development costs.

Long said this strategy would lead ‘to lower prices for American consumers without sacrificing U.S. leadership in biopharmaceutical innovation that leads to new treatments and cures.’


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Obamacare subsidies that have dominated the conversation on Capitol Hill are set to expire after Congress failed to act, but a cohort of bipartisan senators are quietly working to find a solution for when lawmakers return next year.

It has engulfed Congress since September and played a starring role in the longest-ever government shutdown. And both Republicans and Democrats tried, and failed, to pass their partisan plans to either extend or replace the Biden-era enhanced tax credits.

They are guaranteed to expire, and millions of Americans who use the subsidies are set to experience hikes to their out-of-pocket costs for healthcare that can vary widely depending on the state.

Still, some in Congress haven’t given up on the issue.

Sens. Susan Collins, R-Maine, and Bernie Moreno, R-Ohio, held bipartisan confabs last week as lawmakers readied to leave Washington, D.C., to hash out a framework for an Obamacare fix that could meet the desires of both sides of the aisle.

There are several political landmines that the group will have to overcome, like Democrats’ demands for a relatively clean, multiyear extension of the subsidies and Republicans’ desires to add income caps and anti-fraud measures.

‘We have some momentum to enact a bipartisan bill that includes reforms,’ Collins said. ‘As you know, Senator Moreno and I convened an ideologically diverse group of both Democratic and Republican senators who met for nearly two hours on Monday night, and we’re now working on drafting a specific bill to incorporate those conversations that will include reforms as well as the two-year extension.’

The plan has yet to see the light of day, but Collins and Moreno both already have a public proposal, as do several other lawmakers in the upper chamber.

Their original plan, released earlier this month, would extend the subsidies by two years, put an income cap onto the subsidies for households making up to $200,000 and eliminate zero-cost premiums as a fraud preventive measure by requiring a $25 minimum monthly payment.

That initial offering could give a glimpse into the final product, but there are still hurdles to getting a bill on the floor that could pass.

Namely, Senate Republicans are largely against any kind of extension to the subsidies without major reforms and a built-in off-ramp to wean off the credits, which they say are rife with fraud and funnel money directly to insurance companies rather than patients.

There’s also another wrinkle in the House, where Democrats and a handful of Republicans rebelled to force a vote on their own extension to the subsidies. That bill is expected to get a vote next month.

Lawmakers see it as changing the dynamic of negotiations in the Senate, but whether it ever makes it to a vote in the upper chamber is an open question.

‘Well, we’ll see,’ Senate Majority Leader John Thune, R-S.D., said. ‘We’ll obviously cross that bridge when we come to it.’

Some Republicans in the upper chamber see the momentum building in the House as a pressure point on them that could further drive the conversation around the subsidies and, more broadly, healthcare.

Sen. John Kennedy, R-La., said, ‘It will apply pressure on us, which isn’t a bad thing.’

‘I’m ready to start talking about healthcare at any time,’ Kennedy said. ‘I just don’t, I mean, I’m a pragmatist. I live in the real world, and I just don’t see a lot of appetite to make reforms. I just don’t — I see the vast majority of my Democratic colleagues just want an extension of the Affordable Care Act subsidies.’

And Senate Democrats welcome the development, given that the House’s plan mirrors their own, three-year extension of the subsidies, which already failed in the upper chamber earlier this month.

‘Well, it seems to me the basic proposition is, is it progress or not? And I think it is, because what we have felt all along is the only timely tool is the tax credits,’ Sen. Ron Wyden, D-Ore., said.


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The House Small Business Committee sent a letter this week to the Small Business Administration demanding answers on federal pandemic relief funds that flowed from the Biden administration to entities in Minnesota possibly connected to the massive unfolding fraud scandal.

In a letter sent Monday to SBA Administrator Kelly Loeffler, the committee said it is conducting oversight into reports of fraud and concealment involving the Paycheck Protection Program (PPP) and the COVID-19 Economic Injury Disaster Loan (EIDL) program, both of which were created to help small businesses survive the COVID-19 pandemic.

The letter cited public reporting and federal prosecutions tying Minnesota-based nonprofits and individuals to massive fraud schemes that drained hundreds of millions of dollars from federal programs under Democratic Gov. Tim Walz’s watch.

The letter also points out that the Minnesota nonprofit Feeding Our Future was at the center of what the Justice Department has called the largest pandemic relief fraud scheme charged in U.S. history, with 78 individuals charged as of late November in a case involving roughly $250 million in fraudulent claims as part of an overall system of fraud that prosecutors said last week could total up to $9 billion or more.

‘The SBA’s COVID lending programs were created to keep small businesses afloat during an unprecedented crisis, not to subsidize fraud,’ Small Business Committee Chairman Roger Williams, R-Texas, told Fox News Digital in a statement. 

‘Under the Biden-Harris administration, weak oversight and reckless decision-making allowed bad actors to exploit these programs and steal hundreds of millions in taxpayer dollars. The Feeding Our Future case highlights the severity of these failures, and the Committee on Small Business is determined to hold those responsible accountable.’

The committee’s letter requests detailed records on PPP and EIDL loans issued to dozens of individuals and businesses tied to Minnesota-based fraud investigations, including loan amounts, disbursement dates, forgiveness decisions and internal SBA communications.

Lawmakers are also seeking all documents and communications between the SBA and Walz’s office or Minnesota state agencies during the Biden-Harris administration, arguing such records are necessary to determine whether warning signs were ignored or oversight failed.

In a statement to Fox News Digital, Loeffler says she is looking forward to working with Congress to get to the bottom of the situation. 

‘Earlier this month, SBA determined that numerous Somali nonprofits indicted as part of the $1 billion pandemic fraud scandal in Minnesota received PPP and EIDL Loans totaling at least $2.5 million, including Feeding Our Future,’ Loeffler said. 

‘SBA has since broadened its investigation to uncover pandemic-era fraud across the entire state of Minnesota and looks forward to working in partnership with Congressional leaders to uncover the full depth of the abuse and deliver accountability on behalf of American taxpayers.’

The letter asks for the documents to be provided by Jan. 12, 2026.

On Tuesday, Fox News Digital first reported that Loeffler sent a letter to Walz alerting him that her agency will ‘halt’ more than $5.5 million in annual support to resource partners in the state ‘until further notice.’


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The Department of Justice warned Tuesday that some documents in the latest batch of files it published related to Jeffrey Epstein included false and unverified information about President Donald Trump.

The DOJ wrote in a statement that the material included ‘untrue and sensationalist claims’ about the president that the FBI received ahead of the 2020 election.

‘To be clear: the claims are unfounded and false, and if they had a shred of credibility, they certainly would have been weaponized against President Trump already,’ the DOJ wrote on social media, adding that it published the documents because of its ‘commitment to the law and transparency.’

The documents included an email sent by an unnamed federal prosecutor with the U.S. attorney’s office in the Southern District of New York on Jan. 7, 2020, saying Trump flew on Epstein’s private jet at least eight times in the 1990s. Epstein and his associate Ghislaine Maxwell accompanied Trump on some of the flights, and two of the flights included passengers who were ‘possible witnesses in a Maxwell case,’ the prosecutor wrote.

The U.S. attorney’s office ‘didn’t want any of this to be a surprise down the road,’ the prosecutor wrote. 

The documents also indicated a number of tips that were provided to the FBI about Trump’s alleged involvement with Epstein in the early 2000s. Trump has said he ended his friendship with Epstein before Epstein faced charges. It is unclear what was done with the information provided in the documents, or whether any of it was corroborated or used in the prosecutions of Epstein and Maxwell.

The DOJ has been sharing on a public website since Friday tens of thousands of pages of files related to Epstein’s and Maxwell’s sex-trafficking cases. Maxwell was found guilty in 2021 of trafficking minors, while Epstein died in 2019 in prison by suicide, authorities say.

Among the files was also a letter Epstein appeared to have written to former physician Larry Nassar, a convicted child molester, that was postmarked three days after Epstein died and referenced Trump.

‘Our president also shares our love of young, nubile girls,’ the letter read. The document’s authenticity is unknown. Accompanying it was an FBI request to conduct a handwriting analysis of it.

The latest trove of documents came as part of the DOJ’s response to the Epstein Files Transparency Act, a law passed last month that imposed a 30-day deadline on the department to release all unclassified material related to the cases.

The last batch of documents included several photos of former President Bill Clinton, who was pictured in a pool and hot tub. A woman whose face was redacted was featured in the latter. A Clinton spokesperson responded by demanding the DOJ release all the files and that refusal to do so would confirm the DOJ was ‘not about transparency, but about insinuation.’ The spokesperson noted that Clinton’s name has ‘repeatedly’ been cleared by prosecutors.

The transparency bill allowed the DOJ to withhold information about potential victims and material that could jeopardize open investigations or litigation. Officials could also leave out information ‘in the interest of national defense or foreign policy,’ the bill said. But the bill explicitly directed the DOJ not to redact any details that could be damaging to high-profile and politically connected people.

The file rollout has stirred controversy as critics have aired grievances about over-redactions and the law’s lapsed deadline. Trump signed the bill into law on Nov. 19, meaning the statutory deadline for all the files to be released was Dec. 19. The DOJ has said more files are forthcoming by the new year.

Deputy Attorney General Todd Blanche said on ‘Meet the Press’ on Sunday there was ‘well-settled law’ that supported the DOJ missing the bill’s deadline because of a need to meet other legal requirements, like redacting victim-identifying information.

Bill Mears contributed to this report.


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The Trump administration is dropping the hammer on cheap imports of disposable food containers from China and Vietnam, announcing massive trade penalties that experts say will lead to safer products while simultaneously protecting U.S. companies from unfair competition. 

‘America continues to thrive when fair competition occurs,’ attorney Yohai Baisburd of Cassidy Levy Kent, counsel to the American Molded Fiber Coalition, told Fox News Digital Tuesday. ‘The Trump Administration is using every tool in the toolbox to enforce U.S. trade laws and cheaters beware because they are coming after you.’ 

Baisburd, whose legal background focuses on trade litigation, was reacting to the U.S. International Trade Commission (ITC) announcing recently that its board voted to rule that U.S. industry is materially injured by importing ‘thermoformed molded fiber products from China and Vietnam.’ Baisburd argued on behalf of U.S. companies as the International Trade Commission considered the case. 

Thermoformed molded fiber products are common food containers — including disposable bowls, plates, cups and containers for ready to make meals or take-out containers — made from natural fibers and recycled products, such as wood pulp. The fibers are turned to pulp before they’re molded, and then shaped using heat and pressure. 

The U.S. market has been flooded with such products from China and Vietnam, with the nations ‘dumping’ the containers at unfairly low prices that affect American businesses, according to the ITC. 

Following the vote from the ITC, the Commerce Department will issue final antidumping (AD) and countervailing (CVD) duty orders on those imports from China and Vietnam. Antidumping and countervailing duties are special trade penalties — in addition to typical tariffs — that the U.S. imposes on imports found to be unfairly underpriced in order to level the playing field for American companies.

The new orders are expected in the coming weeks, with ITC expected to release its report by Jan. 23. 

The duties will include an upward of 540% tax on certain Chinese producers — including a 477%-plus tax for ‘dumping’ alone — and a 260%-plus tax on Vietnamese producers of the thermoformed molded fiber packaging products, ITC data shows.

‘The ITC vote will give the U.S. industry at least five years of duties on unfairly traded products from China and Vietnam,’ Baisburd said. ‘The ITC confirmed that the U.S. industry is severely injured by the corrosive impact of Chinese and Vietnamese imports. The ITC also authorized retroactive duties on Vietnamese imports.  This is only one of a handful of times they have done so in the past 25 years, sending a message to importers that they cannot surge into the U.S. market to try to get ahead of potential duties.’ 

Baisburd said the upcoming duties will ‘level the playing field’ for U.S. industry against cheap imports. 

‘U.S. workers/companies can compete against anyone, anywhere. What they can’t do is outcompete Chinese and Vietnamese government subsidies that violate U.S. trade laws. The duties allow U.S. manufacturers to reinvest in their workers, operations, technology, because they can now compete on a level playing field,’ he said. 

The duty orders are separate from the Trump administration’s tariffs on foreign nations, Fox News Digital learned. The tariffs are subject to change and negotiation, while the duties are legally binding trade enforcement mechanisms based on investigative findings by the U.S. Department of Commerce and International Trade Commission, and enforced by Border Patrol. The duties are applicable for the next five years minimum and are not subject to presidential discretion, Fox News Digital learned. 

Other presidential administrations have used antidumping and countervailing duties to level the playing field for U.S. companies, including the Biden administration touting in 2024 that it leveled more than 30 new antidumping and countervailing duties on steel-related products alone. 

Baisburd argued that the Trump administration broadened its tool chest for an all-encompassing approach to protecting U.S. manufacturing. 

‘The Trump administration is taking advantage of all the enforcement tools available across the federal government to support U.S. manufacturing.  We are seeing increased customs enforcement (both civil and criminal), a new DOJ Trade Fraud Taskforce, and greater scrutiny of supply chain shifts that circumvent duties,’ the attorney said. 

In addition to business concerns about the Asian nations boxing out the U.S. market for food service containers, health concerns also have simmered. China and Vietnam have been identified as nations that produce containers with ‘forever chemicals,’ or per- and polyfluoroalkyl substances (PFAs). An ITC report published in 2024 found that while some foreign nations claim products are PFAs-free, studies indicate that it is not always true, while the U.S. ‘generally produces PFA-free products.’

The vote marks the third recent trade ruling that affects disposable food service containers. The U.S. Department of Commerce ITC issued antidumping and countervailing duties on disposable aluminum containers, pans, trays and lids imported from China and elsewhere, as well as leveling antidumping and countervailing duties on low-cost white paper plates from China, Thailand and Vietnam in March. 


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For years, Washington has spoken about reducing its Middle East footprint, yet analysts told Fox News Digital that 2025 proved the opposite: American force — not retreat — reshaped the region.

Blaise Misztal, vice president for policy at the Jewish Institute for National Security of America (JINSA), said the past year confirmed a long-standing strategic lesson. ‘2025 underscored what Middle East watchers have long known, and U.S. policymakers never seemed to want to admit: that strength is the currency of the realm and there is no substitute for U.S. leadership,’ he said.

Israeli political analyst Nadav Eyal said the shift was unmistakable. ‘What we have seen in 2025 is an increased role of the United States, rather than a withdrawal,’ Eyal said. ‘It delivered a hostage deal and a ceasefire in Gaza. It brought a certain level of stability in Syria. We see increased cooperation with Saudi Arabia, Qatar and the UAE.’

‘The idea that the U.S. is out of the Middle East is just out the window,’ he added.

Gaza: The ceasefire and the hostages

During 2025, the Trump administration brokered a ceasefire that ended the two-year war in Gaza and returned all Israeli hostages except for the body of Ran Gvili, which still remains in Hamas’ hands. The deal was initially met with deep skepticism inside Israel. 

President Donald Trump traveled to both Israel, where he addressed the Knesset, and Cairo to finalize the agreement, coordinating with Arab leaders and mediators in a complex process that included an exchange of Palestinian terrorists held in Israeli prisons for hostages.

‘There is absolutely no doubt that without President Trump’s intervention, this could have lasted much longer, or maybe not have ended at all, or ended in tragedy,’ Eyal said, adding that the administration fundamentally changed what had been considered possible.

‘He expanded the realm of possibilities,’ Eyal said. ‘If someone had told us six months earlier that this would be the framework of the deal, and that all the living hostages would be back home within 72 hours, we would have said it’s a great idea, but Hamas would never agree.’

According to Eyal, the breakthrough came from Israeli military pressure combined with U.S. insistence and regional coordination. ‘The military pressure put by Israel, enabled by the White House, together with the White House’s insistence and the enlistment of Qatar and Turkey, is what made the breakthrough,’ he said.

Misztal also argued that the outcome was not the result of diplomacy alone. ‘The relative calm that the region is now enjoying, after two years of war, is not the result of diplomacy, which failed on its own to stop Iran’s nuclear advance or convince Hamas to return Israeli hostages,’ Misztal said. ‘It is the result of Israeli and U.S. willingness to use force, and do so together in pursuit of common objectives.’

‘Operations Rising Lion and Midnight Hammer, coupled with the Israeli strike in Doha, unlocked the path to peace,’ he added.

The ceasefire remains fragile but intact, with the U.S. now deeply involved in shaping the postwar phase in Gaza.

Regional shockwaves

On Dec. 8 last year, after Israel defeated Hezbollah, the Assad regime in Syria collapsed, signaling a dramatic shift in the regional balance of power.

That momentum carried into 2025. Operation Rising Lion known as the 12-day war, underscored Israel’s air superiority, with Israeli aircraft striking Iranian military infrastructure and eliminating senior IRGC commanders.

The campaign also highlighted the depth of U.S.-Israel coordination, culminating in a U.S. strike that targeted Iran’s nuclear program and curtailed Tehran’s ability to support its proxies.

Eyal said Iran now faces a period of profound uncertainty. ‘Iran will, without doubt, try to rebuild its influence after its proxy system was shattered,’ he said. ‘It was defeated in war with Israel and lost most of its nuclear program.’

Two questions now dominate. ‘Can Iran rebuild its alliances, its prestige and its sources of power, like the nuclear program or air defenses, and stabilize itself again as a regional power?’ Eyal asked. ‘The deeper question,’ he added, ‘is what happens to the regime.’

He described Iran as increasingly unstable, with a devastated economy and growing public discontent. ‘It seems like almost everything is ripe for a substantial change in Iran,’ he said. ‘Whether the Islamic Republic can survive without significant reform, or whether there will be a coup or counterrevolution, will take us well into 2026.’

‘The sands of the Middle East are always shifting’: What to expect in 2026

Eyal said the past year forced a reckoning about Hamas’ future. ‘In 2025, Israelis, and to a certain extent countries in the Middle East, woke up from a fantasy that Hamas would cease to exist completely as a functioning body,’ he said.

‘Everybody understands there will be some sort of presence of Hamas, and unfortunately, they will hold some sort of armed power,’ Eyal added. ‘The question is, to what level can you reduce it?’

At the same time, he stressed the scale of Hamas’ losses. ‘In 2025 they suffered tremendous defeats and were wiped out as a functioning military body,’ Eyal said. ‘This is the year in which it happened.’

‘Even after losing half of Gaza, with Gaza devastated, and the hostages returned, they are still functioning as a military organization,’ he added. ‘That means they are incredibly resistant or flexible.’

Misztal warned that the calm will not hold without sustained U.S. engagement. ‘The sands of the Middle East are always shifting,’ he said. ‘Today’s calm will not last without consistent effort applied to uphold it.’

He warned that 2026 could see renewed pressure from multiple fronts. ‘Adversaries will seek to reassert themselves and find new advantages,’ Misztal said. ‘Iran will test the boundaries of U.S. and Israeli patience and ISIS or other Sunni extremists may seek a spectacular attack to mark their comeback.’

‘These will all be tests for the U.S. appetite to continue applying the ‘peace through strength’ approach,’ Misztal said. ‘If Washington takes its eyes off the region, the progress of the last year might quickly be lost.’


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Former U.S. Sen. Ben Sasse of Nebraska announced on Tuesday that he has been diagnosed with metastatic stage-four pancreatic cancer, candidly calling it ‘a death sentence.’

‘This is a tough note to write, but since a bunch of you have started to suspect something, I’ll cut to the chase: Last week I was diagnosed with metastasized, stage-four pancreatic cancer, and am gonna die,’ Sasse wrote in a post on X.

‘Advanced pancreatic is nasty stuff; it’s a death sentence. But I already had a death sentence before last week too — we all do,’ he continued.

Sasse, who is just 53 years old, noted, ‘I’ve got less time than I’d prefer.’ 

But he also expressed his eternal hope, noting that he is a Christian.

‘As a Christian, the weeks running up to Christmas are a time to orient our hearts toward the hope of what’s to come,’ he wrote. 

‘Not an abstract hope in fanciful human goodness; not hope in vague hallmark-sappy spirituality; not a bootstrapped hope in our own strength (what foolishness is the evaporating-muscle I once prided myself in). Nope — often we lazily say ‘hope’ when what we mean is ‘optimism.’ To be clear, optimism is great, and it’s absolutely necessary, but it’s insufficient. It’s not the kinda thing that holds up when you tell your daughters you’re not going to walk them down the aisle. Nor telling your mom and pops they’re gonna bury their son,’ he noted.

‘Those who know ourselves to need a Physician should dang well look forward to enduring beauty and eventual fulfillment. That is, we hope in a real Deliverer — a rescuing God, born at a real time, in a real place. But the eternal city — with foundations and without cancer — is not yet,’ he wrote.

Sasse served in the Senate from early 2015 through early 2023, then went on to serve as president of the University of Florida.

Last year he stepped down from the helm of the university, pointing to his wife’s epilepsy diagnosis.

‘My wife Melissa’s recent epilepsy diagnosis and a new batch of memory issues have been hard, but we’re facing it together,’ he noted in explaining his move last year. ‘Our two wonderful daughters are in college, but our youngest is just turning 13. Gator Nation needs a president who can keep charging hard, Melissa deserves a husband who can pull his weight, and my kids need a dad who can be home many more nights. I need to step back and rebuild more stable household systems for a time.’

Vice President JD Vance was among those who responded to Sasse’s grim cancer announcement on Tuesday.

‘I’m very sorry to hear this Ben. May God bless you and your family,’ Vance wrote.

Sasse noted in his message, ‘I’ll have more to say. I’m not going down without a fight. One sub-part of God’s grace is found in the jawdropping advances science has made the past few years in immunotherapy and more. Death and dying aren’t the same — the process of dying is still something to be lived. We’re zealously embracing a lot of gallows humor in our house, and I’ve pledged to do my part to run through the irreverent tape.

‘But for now, as our family faces the reality of treatments, but more importantly as we celebrate Christmas, we wish you peace: ‘The people walking in darkness have seen a great light; on those living in the land of deep darkness a light has dawned….For to us a son is given’ (Isaiah 9),’ he wrote.


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NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Brunswick Exploration Inc. (‘BRW’ or the ‘Corporation’) is pleased to announce the closing of its previously announced non-brokered private placement (the ‘Offering’) with aggregate gross proceeds of approximately $2,121,542 from the sale of 12,123,097 common shares of the Corporation sold as ‘flow-through shares’ within the meaning of the Income Tax Act (Canada) (the ‘Tax Act’) and the Taxation Act (Québec) (the ‘Québec Tax Act’) (each, a ‘FT Share’) at an updated price of $0.175 per FT Share.

Killian Charles, President & CEO, commented: ‘With the Mirage maiden resource estimate expected in the first two weeks of January and the closing of this financing, BRW will have an aggressive start to 2026. Following the release of the MRE, we will be returning to drill the recent discovery at Anatacau with a significantly expanded drill program before continuing with prospecting in Saudi Arabia and drilling at Mirage, both expected to begin in the second quarter. We wish happy holidays to BRW shareholders and invite them to pay close attention to BRW press releases in the new year.’

In connection with the Offering, the Corporation paid finder’s fees to arm’s length third parties in an amount of $62,726.24.

Insiders of the Corporation participated in the Offering and were issued an aggregate of 314,200 FT Shares. Such participation in the Offering is a ‘related party transaction’ as defined in Regulation 61-101 respecting Protection of Minority Security Holders in Special Transactions (‘Regulation 61-101‘). The Offering is exempt from the formal valuation and minority shareholder approval requirements of Regulation 61-101 as neither the fair market value of the securities issued to insiders nor the consideration for such securities by insiders exceed 25% of the Corporation’s market capitalization.

The Offering remains subject to the final approval of the TSX Venture Exchange (‘TSX-V‘).

The FT Shares are subject to a statutory four month and one day hold period. The FT Shares have not been, and will not be, registered under the United States Securities Act, or any state securities laws, and accordingly may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a solicitation to buy any securities in any jurisdiction.

About Brunswick Exploration

Brunswick Exploration is a Montréal-based mineral exploration company focused on grassroots exploration for lithium, a critical metal necessary to global decarbonization and energy transition. The Corporation is rapidly advancing its extensive portfolio of grassroots lithium properties and projects in Quebec (Mirage and Anatacau), Greenland (Nuuk Lithium) and the Kingdom of Saudi Arabia.

Investor Relations/information

Mr. Killian Charles, President and CEO (info@BRWexplo.ca)

Cautionary Statement on Forward-Looking Information

This news release contains ‘forward-looking information’ within the meaning of applicable Canadian securities legislation based on expectations, estimates and projections as at the date of this news release. Such forward-looking information includes, but is not limited to, statements concerning the Corporation’s expectations with respect to the use of proceeds and the use of the available funds following completion of the Offering. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, delays in obtaining or failures to obtain required governmental, environmental or other project approvals; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; inflation; fluctuations in commodity prices; delays in the development of projects; the other risks involved in the mineral exploration and development industry; and those risks set out in the Corporation’s public documents filed on SEDAR+ at www.sedarplus.ca. Although the Corporation believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Corporation disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this news release.

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