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President Donald Trump wants to bring the death penalty back to Washington for those convicted of murder amid his crime crackdown in the District — even though capital punishment has been outlawed there for decades. 

While Washington, D.C.’s Superior Court that handles local trial matters is barred from utilizing the death penalty, and any changes at that level likely would require intervention from the D.C. City Council or Congress, the death penalty is legal at the federal level. 

As a result, Trump would seek to capitalize on capital punishment in Washington for those convicted of federal crimes, according to Matthew Cavedon, the director of the Cato Institute’s Project on Criminal Justice. 

‘What would happen is, on major crimes, the U.S. Department of Justice would be prosecuting those cases through the United States Attorney’s Office,’ Cavedon said. ‘And that’s the new U.S. attorney, Jeane Pirro. Those cases would be brought in U.S. District Court… rather than D.C. Superior Court and D.C.’s internal court system.’

Trump laid out his plans to revive the death penalty in Washington during an August Cabinet meeting while discussing efforts to drive down crime in the nation’s capital. Trump has dispatched hundreds of D.C. National Guard troops to combat crime in Washington — resulting in more than 1,600 arrests since Aug. 11. 

‘If somebody kills somebody in the capital, Washington, D.C., we’re going to be seeking the death penalty,’ Trump told reporters during an August Cabinet meeting. ‘And that’s a very strong preventative. And everybody that’s heard it agrees with it. I don’t know if we’re ready for it in this country, but we have it.… We have no choice.’

The White House referred Fox News Digital back to Trump’s comments at the Cabinet meeting.

Trump has long voiced support for the death penalty, and issued an executive order in January titled ‘Restoring the Death Penalty and Protecting Public Safety.’ The order calls for the attorney general to ‘pursue the death penalty for all crimes of a severity demanding its use.’ 

‘Capital punishment is an essential tool for deterring and punishing those who would commit the most heinous crimes and acts of lethal violence against American citizens,’ the order said. ‘Before, during, and after the founding of the United States, our cities, States, and country have continuously relied upon capital punishment as the ultimate deterrent and only proper punishment for the vilest crimes.’

That executive order, coupled with Trump’s statements on the matter, show he will request federal prosecutors to seek the death penalty in D.C. murder cases, Cavedon said. 

The D.C. Council officially rescinded the death penalty in 1981, and voters in the nation’s capital rejected the death penalty in a 1992 referendum, according to the nonprofit organization the Death Penalty Information Center. There hasn’t been an execution in Washington since 1957. 

Twenty-seven states still permit the death penalty, while 23 states do not have capital punishment. Four states — California, Pennsylvania, Ohio and Oregon — have a hold on executions, per orders from their respective governors.

Trump’s push to revitalize the death penalty could push those states to eradicate it at the state level, Cavedon said.

‘Something like the president calling for lots and lots of executions might be enough to tip things over and get places like California to just do away with the death penalty on the state side,’ Cavedon said. 

Meanwhile, Trump’s effort is unnecessary since crime is on the decline in Washington and studies consistently show that the murder rate is lower in states without the death penalty, according to Cliff Sloan, who teaches constitutional law and death penalty litigation at Georgetown Law. 

‘It’s unnecessary because the D.C. homicide rate has been declining and, even more fundamentally, because there is absolutely no correlation between the death penalty and a reduction in homicides,’ Sloan said in an email to Fox News Digital. ‘States that have done away with the death penalty have not seen any increase in homicides. States that actively impose the death penalty, in contrast, have very high homicide rates.’

Although a majority of Americans – 53% – still back the death penalty, public support is declining and has reached a five-decade low, according to a Gallup poll released in November.


This post appeared first on FOX NEWS

(TheNewswire)

Juggernaut Exploration Ltd.

Vancouver, British Columbia TheNewswire – September 8, 2025 Juggernaut Exploration Ltd (JUGR.V) (OTCQB: JUGRF) (FSE: 4JE) ( the ‘Company’ or ‘Juggernaut’) is excited to announce that it has identified 4 distinct extensive drill-ready gold-rich zones that remain wide open located along the prolific 15 km Highway of Gold Corridor within the Eldorado System, including: the Gold Dome Zone where grab samples assayed up to 256.60 gt Au or 8.25 ozt Au; the Gold Swarm Zone where grab samples assayed up to 226.94 gt Au or 7.30 ozt Au; the Big Mac Zone where grab samples assayed up to 111.35 gt Au or 3.58 ozt Au; and the Whopper Zone where grab samples assayed up to 39.84 gt Au or 1.28 ozt Au on the Big One property (the ‘Property’), Golden Triangle, British Columbia . The Company expanded the high-grade gold mineralized Eldorado System that hosts the Highway of Gold with >500 widespread mineralized veins covering an area of ~9 km 2 . The Big One discovery is located in an area of recent glacial and snowpack abatement adjacent to the world-class gold-rich porphyry systems at Galore Creek. The 100% controlled Big One property covers 36,989 hectares in world-class geologic terrane with tremendous additional discovery potential.

Link to overview map with target names and all samples > 1 g/t Au

Link to overview figures Gold Dome+Big Mac, Whopper, Goldswarm

Dan Stuart, President and CEO of Juggernaut Exploration states: ‘The initial results from this year’s exploration season on the Big One property with grab assays up to 256.60 g/t Au or 8.25 oz/t Au from the newly discovered Gold Dome Zone clearly demonstrate the high-grade nature of this emerging district-scale gold system. With over 500 widespread veins and shears discovered in a very short period of time over 15 km with a vertical relief exceeding 1 km that remains open, shows that the Eldorado System is district scale with tremendous untapped growth potential. The Eldorado gold system and Highway of Gold Corridor are showing the right ingredients to quickly become the next big discovery in the Golden Triangle. We look forward to unlocking the full potential of this discovery with the drill bit with much anticipation. The entire team believes we are only seeing the tip of the iceberg and the best is yet to come.’

Manuele Lazzarotto, PhD, Chief Geologist of Juggernaut Exploration states: ‘I am happy to report on behalf of the entire team that the successful 2025 systematic exploration program was just wrapped up on August 29th and all goals have been accomplished on time and on budget. The excellent results with many grab samples with multi-ounce gold assays from 4 extremely gold-rich extensive drill-ready zones within the 15 km Highway of Gold Corridor, namely the Gold Swarm Zone, Big Mac Zone, Gold Dome Zone and  Whopper Zone, which some say appears to be a lot like the high-grade seen at Brucejack, or epithermal/porphyry related or related to a magmatic intrusive. It’s early days but these are all possible geological model outcomes. All of this is a clear testament that we appear to have discovered a new gold-rich, polymetallic-rich district-scale system at Big One. Over 500 mineralized veins many with remarkable gold content have been confirmed on surface and we look forward to testing the subsurface with the planned inaugural drill program. The team is eager to start planning the upcoming fully funded drill campaign designed to test these 4 extensive zones once all the data collected this season has been received, compiled and interpreted.’

The Eldorado system consists of a vast area of ~9 km 2 of recently exposed bedrock that hosts the 15 km Highway of Gold Corridor containing >500 widespread polymetallic quartz-sulphide veins and shears as well as extensive propylitic alteration within a vertical relief of 1 km. The polymetallic veins contain semi-massive to massive chalcopyrite, sphalerite and galena with grades up to 256.60 g/t Au or 8.25 oz/t Au that remain wide open, visually and geochemically reminiscent of the high-grade veins observed at Brucejack. Grab samples collected during the 2024 season assayed up to 2084 g/t Ag and 7.9% Cu. 2025 assay results reported in this news release only comprise gold values. Results for silver, copper, lead and zinc will be reported once analyses are completed and the data has been reviewed and compiled. Four gold-rich polymetallic mineralized zones have been identified and are planned to be tested during the inaugural drill program.

Initial highlights from the 2025 exploration season:

  • The Big Mac Zone measures ~1 km by ~1 km and consists of multiple large veins with shear zones that are up to 10 meters wide and exposed on surface for 400 meters with vertical reliefs of up to 360 m where they are covered by snow and ice and remain wide open. A channel cut from the Big Mac Zone that assayed 6.63 g/t Au over 3.58 meters, including 17.45 g/t Au over 1.35 m and 47.18 g/t Au or 1.52 oz/t Au over 0.47 m, true width, was collected 5 meters to the east of a grab sample that assayed up to 111.35 g/t Au. A second channel cut assayed 3.60 g/t Au over 1.45 meters, including 10.17 g/t Au over 0.50 meters located 270 m on strike to the west of the 111.35 g/t Au sample. A grab sample, located 450 m to the west, assayed 55.5 g/t Au or 1.78 oz/t Au from a difficult-to-access secondary vein located in the nearby cliffs. 14 out of 26 samples (54%) from the Big Mac Zone assayed 1 g/t Au. The Big Mac Zone is drill-ready.

Link to video , Link to image gallery

Table 1: Big Mac Zone samples >1 g/t Au

Zone

Year

Sample ID

Type

Au (g/t)

Big Mac

2025

M220659

Grab

111.35

Big Mac

2025

M220561

Grab

55.50

Big Mac

2025

M217807

Channel

47.18

Big Mac

2024

D751216

Grab

37.98

Big Mac

2025

D750624

Grab

21.62

Big Mac

2025

D750625

Grab

18.32

Big Mac

2025

M217784

Channel

10.83

Big Mac

2024

D750608

Grab

10.62

Big Mac

2025

M217785

Channel

10.17

Big Mac

2024

D751284

Float

6.34

Big Mac

2025

D751435

Grab

5.19

Big Mac

2025

M217788

Channel

5.15

Big Mac

2025

M217805

Channel

4.18

Big Mac

2024

D751285

Grab

3.74

  • The Whopper Zone is a ~2 km by ~2 km area that consists of multiple veins up to 5 meters wide and extensive shear zones up to 50 meters wide that are exposed on surface for 500 meters with vertical reliefs of up to 780 meters. Channel cuts from the Whopper Zone assayed up to 39.84 g/t Au or 1.28 oz/t Au over 0.50 m within a larger interval that assayed 6.71 g/t Au over 3.06 meters. Multiple grab collected upslope of the channel cut along a 5 meter wide vein hosted in an 8 meter wide shear zone along 50 meters of exposed vein assayed up to 13.12 g/t Au. The shear zones are difficult to sample due to the exposed cliffs and comprise numerous lenses of semi-massive to massive galena, chalcopyrite, sphalerite and pyrite contained in quartz veins and stockwork and remain open on either side, where they are covered by snow and ice. 32 samples out of 158 (20%) assayed 1 g/t Au. Multiple targets in the Whopper zone are drill-ready

Link to video , Link to image gallery

Table 1: Whopper Zone samples >1 g/t Au

Zone

Year

Sample ID

Type

Au (g/t)

Whopper

2024

D751282

Grab

79.01

Whopper

2025

M217601

Channel

39.84

Whopper

2024

D751163

Float

23.97

Whopper

2025

M217567

Channel

17.00

Whopper

2024

D750394

Grab

13.12

Whopper

2024

D751191

Channel

12.12

Whopper

2024

D751975

Grab

10.62

Whopper

2025

D751365

Grab

9.35

Whopper

2024

D750389

Grab

8.10

Whopper

2025

M217571

Channel

6.06

Whopper

2024

D750395

Grab

6.01

Whopper

2024

D750198

Float

6.01

Whopper

2024

D751154

Grab

5.72

Whopper

2024

D751969

Float

5.59

Whopper

2024

D751939

Channel

5.06

Whopper

2024

D751112

Float

4.94

Whopper

2025

M217566

Channel

4.40

Whopper

2025

M217573

Channel

4.27

Whopper

2024

D751943

Grab

4.00

Whopper

2024

D751192

Channel

3.39

Whopper

2024

D751215

Grab

2.96

Whopper

2024

D751699

Grab

2.15

Whopper

2024

D751165

Grab

1.95

Whopper

2025

D751426

Grab

1.91

Whopper

2024

D751213

Float

1.65

Whopper

2024

D751109

Grab

1.65

Whopper

2025

M220559

Grab

1.55

Whopper

2024

D751968

Grab

1.49

Whopper

2024

D751972

Channel

1.42

Whopper

2024

D751993

Grab

1.20

Whopper

2025

D750751

Grab

1.16

Whopper

2024

D750393

Grab

1.01

  • The Gold Swarm Zone contains clusters of shear zones and veins up to 4.5 meters wide with grab samples that assayed up to 226.94 g/t Au or 7.30 oz/t Au and a channel cut that assayed 4.02 g/t Au over 4.36 m containing substantial amounts of semi-massive to massive chalcopyrite, galena and sphalerite. The zone has been recently exposed by glacial retreat and covers an area of ~1 km by ~1 km and extends over a vertical relief of 440 m and remains open in all directions. 27 samples out of 44 (61%) assayed 1 g/t Au. The Gold Swarm Zone is drill-ready.

Link to video

Table 1: Gold Swarm Zone samples >1 g/t Au

Zone

Year

Sample ID

Type

Au (g/t)

Gold Swarm

2025

M217656

Float

226.94

Gold Swarm

2025

D750642

Grab

43.99

Gold Swarm

2025

D751373

Grab

21.44

Gold Swarm

2025

M224982

Chip

21.17

Gold Swarm

2025

M217705

Channel

20.78

Gold Swarm

2025

M217655

Grab

19.64

Gold Swarm

2025

D750644

Grab

18.47

Gold Swarm

2025

D750639

Grab

18.12

Gold Swarm

2025

M217657

Grab

18.11

Gold Swarm

2025

D750641

Grab

15.52

Gold Swarm

2025

M217852

Channel

15.39

Gold Swarm

2025

M217649

Channel

14.96

Gold Swarm

2025

D750638

Grab

14.46

Gold Swarm

2025

M224983

Grab

14.06

Gold Swarm

2025

M224883

Grab

11.07

Gold Swarm

2025

D751372

Grab

7.44

Gold Swarm

2025

D750643

Grab

7.36

Gold Swarm

2025

M217589

Channel

5.81

Gold Swarm

2025

M224981

Grab

5.31

Gold Swarm

2025

M217648

Channel

4.69

Gold Swarm

2025

M217702

Channel

4.30

Gold Swarm

2025

D751417

Grab

3.38

Gold Swarm

2025

D750704

Grab

2.59

Gold Swarm

2025

M217853

Channel

1.75

Gold Swarm

2025

M217592

Channel

1.69

Gold Swarm

2025

D751371

Grab

1.56

Gold Swarm

2025

M217591

Channel

1.17

Gold Swarm

2025

M217704

Channel

1.07

  • The Gold Dome Zone is a ~3 km by ~1.5 km zone that consists of clusters of multiple extensive gold-rich shear zones, veins, and stockwork that are up to 4 meters wide and exposed on surface for 1 km with a vertical relief of ~600 m and remain open. Grab samples assayed up to 256.60 g/t Au or 8.25 oz/t Au and a channel cut assayed 5.45 g/t Au over 2.77 meters from a vein exposed on surface in the adjacent difficult to reach cliff face for ~200 meters. The mineralized veins contain seams of semi-massive galena, sphalerite, chalcopyrite and pyrite. 46 samples out of 191 (24%) assayed 1 g/t Au. Multiple targets in the Gold Dome Zone are drill ready.

Link to video , Link to image gallery

Table 1: Gold Dome Zone samples >1 g/t Au

Zone

Year

Sample ID

Type

Au (g/t)

Gold Dome

2025

M224886

Float

256.60

Gold Dome

2025

D751423

Grab

138.70

Gold Dome

2025

M224956

Grab

95.04

Gold Dome

2025

D751407

Grab

68.57

Gold Dome

2025

D751424

Grab

60.08

Gold Dome

2024

D751966

Grab

56.54

Gold Dome

2025

M217579

Channel

34.96

Gold Dome

2024

D751156

Grab

33.72

Gold Dome

2025

M217613

Channel

31.68

Gold Dome

2025

M224961

Grab

31.25

Gold Dome

2025

D751402

Grab

29.23

Gold Dome

2025

D751375

Grab

28.47

Gold Dome

2024

D751964

Talus

23.47

Gold Dome

2024

D751209

Grab

19.82

Gold Dome

2025

D751357

Grab

18.06

Gold Dome

2025

D751374

Talus

16.60

Gold Dome

2025

M224959

Grab

15.94

Gold Dome

2025

M220602

Grab

11.92

Gold Dome

2025

M224957

Grab

9.65

Gold Dome

2025

M224905

Talus

9.48

Gold Dome

2025

M220601

Grab

6.77

Gold Dome

2025

D751403

Float

6.13

Gold Dome

2024

D751158

Grab

4.60

Gold Dome

2025

D750632

Float

4.44

Gold Dome

2025

M217608

Channel

4.35

Gold Dome

2025

M217643

Channel

4.35

Gold Dome

2025

D751406

Grab

4.07

Gold Dome

2025

D750621

Grab

3.76

Gold Dome

2025

M217637

Channel

3.63

Gold Dome

2024

D750192

Grab

3.44

Gold Dome

2025

M217727

Channel

2.73

Gold Dome

2025

M224963

Grab

2.63

Gold Dome

2025

D751404

Grab

2.61

Gold Dome

2025

M224851

Chip

2.61

Gold Dome

2025

M224855

Grab

2.23

Gold Dome

2025

M224902

Subcrop

2.02

Gold Dome

2025

M217618

Channel

1.94

Gold Dome

2024

D751195

Channel

1.61

Gold Dome

2025

M217724

Channel

1.50

Gold Dome

2025

M224901

Grab

1.46

Gold Dome

2025

M217636

Channel

1.33

Gold Dome

2024

D751251

Grab

1.27

Gold Dome

2025

D750629

Grab

1.23

Gold Dome

2025

M224852

Grab

1.08

Gold Dome

2025

D750852

Subcrop

1.07

Gold Dome

2025

M224904

Grab

1.04

  • A total of 421 rock samples were collected during the 2025 exploration season along the 15 km Highway of Gold: 272 grab/float samples and 149 channel samples. Preliminary assay results for samples reported in this news release only comprise gold. Assay results only comprise gold values. Results for silver, copper, lead and zinc will be reported once analyses are completed and the data has been reviewed and compiled. Based on assay results reported from the 2024 season on samples that are visually similar to the samples reported today, the previously reported 2024 samples assayed up to 2084 g/t Ag and 7.9% Cu, shows there is strong potential for considerable added value once full assays are received.

  • Detailed geological and structural mapping has been completed on the reported drill targets in order to better understand the full geometry of these high-grade gold-bearing shears and veins and will be instrumental in designing the drill plan for the upcoming maiden drill program.

  • A high-resolution UAV photogrammetry survey was completed over an area of 52 km on the Eldorado System encompassing the entire 15 km Highway of Gold with all four of the confirmed drill targets. The data will be used to support modelling and better understand the high-grade gold mineralization recently discovered.

  • A property wide LiDAR survey covering an area of 385 km has been conducted and will be used to augment information obtained from the mapping as well as plan the upcoming inaugural drill campaign.

  • The polymetallic veins, alteration signature, geochemical path finder element signature, and geophysical anomalies strongly indicate the presence of a common buried gold-silver-copper rich porphyry feeder source or similar magmatic source at depth responsible for the extensive high-grade veining confirmed on surface.

  • Four extensive drill-ready Zones have been confirmed on the 15 km Highway of Gold Corridor and are planned to be tested in the inaugural drill program and include: the Gold Dome Zone where grab samples assayed up to 256.60 g/t Au or 8.25 oz/t Au; the Gold Swarm Zone where grab samples assayed up to 226.94 g/t Au or 7.30 oz/t Au; the Big Mac Zone where grab samples assayed up to 111.35 g/t Au or 3.58 oz/t Au; and the Whopper Zone where grab samples assayed up to 39.84 g/t Au or 1.28 oz/t Au.

The Big One property is situated in a region that is well known for hosting world class precious metal and porphyry deposits, several of which occur near the property including the multiple porphyry systems at Galore Creek (12,159 million pounds of copper, 9.438 million ounces of gold, 174.086 million ounces of silver), the world’s largest known gold reserve at KSM (47.3 million ounces of gold, 160 million ounces of silver, 7.32 billion pounds of copper) and the polymetallic copper project at Shaft Creek (5 billion pounds of copper, 3.7 million ounces of gold, 16.4 million ounces of silver), as well as the Brucejack high-grade epithermal gold deposit (14 million ounces of gold, 91.8 million ounces of silver), and the structurally controlled high-grade hydrothermal gold-silver zones at Trophy and Sphal Creek. The property geology is favorable to host these types of deposits as confirmed by the presence of extensive areas of propylitic alteration, untested geophysical anomalies, strong silt, soil and rock geochemistry including path finder elements directly related to porphyry systems, key structures and textures, porphyry-style mineralization, and high-grade polymetallic veins, that have been discovered within the Big One claims.

Property Location Map

The Big One property can be accessed year-round via helicopter from the Glenora/Telegraph Creek Road at the Barrington Mine (33 km to the north-northeast) as well as the Galore Creek Road (15 km to the southeast). The Canadian government committed $20 M to extend/improve the Galore Creek Road to within 15 km of the Big One property. The property is 2 km west of the Scud River airstrip used in the early days of Galore Creek.

A Notice of Work application (drill permit application) has been submitted to the British Columbia Ministry of Mining and Critical Minerals in preparation for the inaugural drill program. The Big One property exploration qualifies for the Critical Mineral Exploration Tax Credit (CMETC).

The Company would like to extend a special thanks to the Tahltan First Nation, the local community and service providers for supporting our efforts and contributing to the success of this year’s program. We look forward to continuing to work with the Tahltan First Nation and all local stakeholders, and businesses, while we move forward to unlocking the full potential of this amazing new discovery. WORKING TOGETHER WE SUCCEED!

About Juggernaut Exploration Ltd.

Juggernaut Exploration Ltd. is an explorer and generator of precious metals projects in the prolific Golden Triangle of northwestern British Columbia. Its projects are in world-class geological settings and geopolitical safe jurisdictions amenable to Tier 1 mining in Canada. Juggernaut is a member and active supporter of CASERM, an organization representing a collaborative venture between the Colorado School of Mines and Virginia Tech. Juggernaut’s key strategic cornerstone shareholder is Crescat Capital.

For more information, please contact:

Juggernaut Exploration Ltd.

Dan Stuart

President, Director and Chief Executive Officer

Tel: (604)-559-8028

www.juggernautexploration.com

Qualified Person

Rein Turna, P. Geo is the qualified person as defined by National Instrument 43-101, for Juggernaut Exploration projects, and supervised the preparation of, and has reviewed and approved, the technical information in this release.

Other

The reader is cautioned that grab samples are spot samples which are typically, but not exclusively, constrained to mineralization. Grab samples are selective in nature and collected to determine the presence or absence of mineralization and are not intended to be representative of the material sampled.

Grab, channels, chip and talus samples were collected by foot with helicopter assistance. Prospective areas included, but were not limited to, proximity to MINFile locations, placer creek occurrences, regional soil anomalies, and potential gossans based on high-resolution satellite imagery. The rock grab and chip samples were extracted using a rock hammer, or hammer and chisel to expose fresh surfaces and to liberate a sample of anywhere between 0.5 to 5.0 kilograms. All sample sites were flagged with biodegradable flagging tape and marked with the sample number. All sample sites were recorded using hand-held GPS units (accuracy 3-10 meters) and sample ID, easting, northing, elevation, type of sample (outcrop, subcrop, float, talus, chip, grab, etc.) and a description of the rock were recorded on all-weather paper. Samples are then inserted in a clean plastic bag with a sample tag for transport and shipping to the geochemistry lab. QA/QC samples including blanks, certified reference materials, and duplicate samples are inserted regularly into the sample sequence at a rate of 10%.

All samples are transported in rice bags sealed with numbered security tags. The rice bags are transported from the core shacks to the MSALABS facilities in Terrace, BC. MSALABS is certified with both AC89-IAS and ISO/IEC Standard 17025:2017. The core samples undergo preparation via drying, crushing to ~70% of the material passing a 2 mm sieve and riffle splitting. The sample splits are weighed and transferred into three plastic jars, each containing between 300 g and 500 g of crushed sample material. A 250 g split is pulverized to ensure at least 85% of the material passes through a 75 µm sieve. The crushed samples are transported to the MSALABS PhotonAssayTM facility in Prince George, where gold concentrations are quantified via photon assay analysis (method CPA-Au1). Samples that result in gold concentrations ≥5 ppm are analyzed to extinction. Photon assay uses high-energy X-rays (photons) to excite atomic nuclei within the jarred samples, inducing the emission of secondary gamma rays, which are measured to quantify gold concentrations. The assays from all jars are combined on a weight-averaged basis. Multielement analyses are carried at the MSALABS facilities in Surrey, BC, where 250 g of pulverized splits are analyzed via ICF6xx and IMS-230 methods. The IMS-230 method uses 4-acid digestion (a combination of hydrochloric, nitric, perchloric and hydrofluoric acids) followed by inductively coupled plasma emission spectrometry to quantify concentrations of 48 elements. Samples with over-limit results for Ag, Cu, Pb and Zn undergo ore-grade analysis via the ICF-6xx method (where ‘xx’ denotes the target metal). This method employs 4-acid digestion followed by inductively coupled plasma emission spectrometry.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

FORWARD LOOKING STATEMENT

Certain disclosure in this release may constitute forward-looking statements that are subject to numerous risks and uncertainties relating to Juggernaut’s operations that may cause future results to differ materially from those expressed or implied by those forward-looking statements, including its ability to complete the contemplated private placement. Readers are cautioned not to place undue reliance on these statements.

NOT FOR DISSEMINATION IN THE UNITED STATES OR TO U.S. PERSONS OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES. THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL OR AN INVITATION TO PURCHASE ANY SECURITIES DESCRIBED IN IT.

Copyright (c) 2025 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

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Sun Summit Minerals Corp. (TSXV: SMN,OTC:SMREF) (OTCQB: SMREF) (‘Sun Summit’ or the ‘Company’) is pleased to report results from its first drill hole completed in 2025 at the JD Project, Toodoggone Mining District, north-central British Columbia.

Hole CZ-25-007 returned one of strongest intervals of consistent and near-surface gold mineralization drilled to date at the Creek Zone: 78.0 meters of 3.72 g/t gold starting at 30.0 meters down hole. This interval of near-surface gold mineralization is in an area previously untested by drilling and is interpreted to represent a parallel trend of mineralization north of the Creek Zone where it remains open to the northwest. Follow-up drilling is planned for this season.

Highlights:

  • Hole CZ-25-007 intersected a significant zone of near-surface, continuous gold mineralization punctuated with high-grade veins:
    • 78.0 meters of 3.72 g/t gold from 30.0 meters down hole, including
    • 12.0 meters of 8.55 g/t gold, and including
    • 19.1 meters of 7.50 g/t gold
    • The 78.0 meter interval contains multiple high-grade veins, some with fine visible gold, that returned 31.84 g/t gold over 1.0 meters, 54.40 g/t gold over 1.0 meters, 67.80 g/t gold over 0.90 meters and 98.80 g/t gold over 0.5 meters. These intervals clearly demonstrate the high-grade gold mineralization potential of the Creek Zone.
  • Establishes a new zone of high-grade and disseminated mineralization: The upper 78.0 meter interval is in an area not previously tested by drilling and may represent a parallel zone of mineralization north of the main series of Creek Zone high-grade veins.
  • Follow-up drilling planned: Based on the exceptional results from CZ-25-007, additional step-out holes are planned for this season to test the down-dip and northwest strike extent.
  • Additional assay results pending: Assays from the remaining ten holes (3,340 meters) drilled at the Creek zone are pending.

‘The first hole of this year’s drill program at our JD Project in the significant Toodoggone District, represents the best hole drilled to date at the Creek Zone,’ said Niel Marotta, CEO of Sun Summit Minerals. ‘The hole intersected significant mineralization from 30 meters downhole. This interval is punctuated with multiple high-grade zones which supports the high-grade gold potential of the Creek Zone, typical of many Toodoggone gold deposits. We have planned additional holes to test the strike extent of this new zone of mineralization and are excited to move the drill rig back to the area in the coming weeks.’

Table 1. Assay Results1,2

Hole ID From (m) To (m) Interval (m) Au (g/t) Ag (g/t)
CZ-25-007 30.00 108.00 78.00 3.72 4.12
including 30.00 79.00 49.00 5.57 5.89
including 37.00 49.00 12.00 8.55 8.69
including 37.00 38.00 1.00 31.84 11.66
including 48.00 49.00 1.00 54.40 31.90
including 59.90 79.00 19.10 7.50 4.77
including 59.90 60.84 0.94 67.80 36.19
including 78.50 79.00 0.50 98.80 67.80
and 198.00 207.20 9.20 0.30 0.87
and 251.00 271.00 20.00 0.89 0.25
including 258.00 266.89 8.89 1.78 0.47

 

  1. Intervals are downhole core lengths. True widths are unknown.
  2. Calculations are uncut and length-weighted using a 0.10 g/t gold cut-off.
  3. Grades have not been capped in the length-weighted averaging.

Drill Hole CZ-25-007

Hole CZ-25-007 was collared 75 meters to the north of hole CZ-24-004 (122.53 metres of 2.11 g/t gold including 4.04 metres of 46.78 g/t gold, see October 2, 2024 news release) and stepped out 100 meters west of hole CZ-24-005 (57.95 meters of 2.69 g/t gold including 19.50 meters of 7.31 g/t gold, see October 16, 2024 news release, Figure 1). The upper interval of strong disseminated and high-grade vein-hosted gold mineralization in CZ-25-007 (e.g., 78.0 meters 3.72 g/t gold, Table 1) is approximately 120 metes to the northwest of the upper interval in CZ-24-005 (Figure 2). Together, these intercepts may represent a new zone of mineralization that trends parallel to the main steeply-dipping northwest-striking vein-sets (e.g., 22.0 m of 11.7 g/t Au including 4.0 m of 61.2 g/t Au, in hole CZ97-0081). Further drilling is warranted to test the strike- and dip- extent of this parallel zone.

The upper interval in CZ-25-007 contains multiple high-grade veins and breccias (31.84 g/t gold over 1.0 meters, 54.40 g/t gold over 1.0 meters, 67.80 g/t gold over 0.90 meters and 98.80 g/t gold over 0.5 meters) within the broad zone of disseminated gold mineralization (Figure 3). Many of these higher-grade intervals contain fine visible gold (Figure 4). These intervals demonstrate the high-grade mineralization potential of the Creek Zone and support the strong prospectivity of the Creek Zone to the northwest in an area lacking drilling.

Hole CZ-25-007 intersected a bedded sequence of intermediate volcanic and volcaniclastic rocks interpreted to be a sequence within the McClair Member of the Early Jurassic Toodoggone formation. Higher-grade gold mineralization is hosted in epithermal-related and locally banded quartz-carbonate veins, veinlets and sulfide-cemented breccias with locally strong potassium feldspar alteration halos (Figure 3). Vein-hosted sulfides include pyrite, sphalerite, ± chalcopyrite and galena with some veins containing visible gold. Bulk-tonnage mineralization is associated with selectively pervasive sericite-chlorite-hematite alteration with disseminated pyrite, proximal to vein-associated potassic alteration (Figure 3).

Drill Program

Drilling in 2025 at the Creek Zone was designed to investigate the lateral and vertical extent of high-grade and bulk-tonnage gold mineralization (Figures 1 and 2). Over 3,700 meters across 11 drill holes at Creek have so far been completed. These holes were designed to systematically test the vein-controlling structures on 50 to 100 meter pierce-points covering a strike-length of over 800 meters and a down-dip extent of over 200 meters (Figures 1 and 2). Based on the result of CZ-25-007 step-out holes to the northwest are planned this season.

Assays from the remaining drill holes, as well as surface sampling results are pending and will be released as they are received and reviewed.

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Figure 1. Plan map showing drill collar location of CZ-25-007 and additional drill holes with pending results. Selected highlights from the 2024 drill program at the Creek Zone are also shown (see October 2nd, 2024 and October 16th, 2024 news releases). See references 1 and 2 for sources of historical drill data.

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Figure 2. Oblique view through the Creek Zone drill holes showing downhole assays for all drill holes including CZ-25-007 and holes with pending results. Selected highlights from the 2024 drill program at the Creek Zone are also shown (see October 2nd, 2024 and October 16th, 2024 news releases). See references 1 and 2 for sources of historical drill data.

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Figure 3. Core photos of CZ-25-007, A. Box photos showing core from 24.99 m to 80.0 m downhole which includes four high-grade intervals of 31.84 g/t Au over 1.0 m, 54.40 g/t Au over 1.0 m, 67.80 g/t Au over 0.94 m and 98.80 g/t Au over 0.50 m collectively within a broader interval of 49.0 m of 5.57 g/t Au. Individual down hole gold assay results are annotated at the sample depths.

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Figure 4. Core photos from CZ-25-007 showing zones of high-grade mineralization, A. sulfide-cemented hydrothermal breccia at 59.9 m down hole (67.80 g/t gold over 0.94 m) with visible gold B. example of visible gold at 59.9 m down hole, C. high-grade vein at 37.0 m down hole (31.84 g/t gold over 1.0 m) with specks of visible gold, D. example of visible gold at 37.0 m down hole. Abbreviations, qtz = quartz, carb = carbonate, epi = epidote, sph = sphalerite, cpy = chalcopyrite.

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Figure 5. Map of the Toodoggone District showing the location of the JD Project in relation to other development and exploration projects. Data sourced from Thesis, TDG and Centerra’s corporate websites. The QP has been unable to verify the information and that the information is not necessarily indicative to the mineralization on the property that is the subject of the disclosure.

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Table 2. Drill Collar Location

Hole ID Easting Northing Elevation (m) Azimuth Dip Depth (m)
CZ-25-007 608275 6368386 1504 255 -45 341

 

Coordinates are in UTM NAD83 Zone 9N

Quality Assurance and Quality Control

All drill core sample assay and analytical results have been monitored through the Company’s quality assurance and quality control program (QA/QC). Drill core was sawn in half at Sun Summit’s dedicated and secure core logging and processing facility at the JD exploration camp.

Half of the drill core was sampled and shipped by a bonded courier in sealed and secured woven polyester bags to the ALS Global preparation facilities in Kamloops, BC. Core samples were prepared using ALS standard preparation procedure PREP-31A which involves crushing the sample to 70% less than 2mm, followed by a riffle split of 250g, and then a pulverised split to better than 85% passing 75 microns.

Following sample preparation, the pulps were sent to the ALS Global analytical laboratory in North Vancouver, B.C. for analysis. ALS Global is registered to ISO/IEC 17025:2017 accreditations for laboratory procedures.

Drill core samples were analyzed for 48 elements by ICP-MS on a 0.25-gram aliquot using a four-acid digestion (method ME-MS61). This method is considered a ‘ultra trace element’ analytical method with low detection limits on key pathfinder elements such as Ag, As, Sb, Se and Tl.

Gold was analyzed by fire assay on a 30-gram aliquot with an AES finish (inductively coupled plasma atomic emission spectroscopy – method Au-ICP21). Samples that returned >10 parts per million (ppm) gold were re-analyzed by fire assay using a gravimetric finish on a 30-gram aliquot (method Au-GRA21).

Overlimit samples (e.g. Ag, Cu, Pb & Zn) were re-analyzed using an ore-grade, four-acid digestion and ICP-AES finish. Over limits for key elements: samples with >100 ppm silver, >10,000 ppm Cu, >10,000 ppm Pb and >10,000 ppm Zn. In addition to ALS Global laboratory QA/QC protocols, Sun Summit implements a rigorous internal QA/QC program that includes the insertion of duplicates, certified reference materials (standards prepared by an independent lab) and blanks into the sample stream. A total of 38 QA/QC samples, including 21 standards, were inserted in the field, representing 14.2% of the overall sample stream. There were no significant issues identified in either the internal or external QA/QC samples.

National Instrument 43-101 Disclosure

This news release has been reviewed and approved by Sun Summit’s Vice President Exploration, Ken MacDonald, P. Geo., a ‘Qualified Person’ as defined in National Instrument 43-101 Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators. Some technical information contained in this release is historical in nature and has been compiled from public sources believed to be accurate. The historical technical information has not been verified by Sun Summit and may in some instances be unverifiable dependent on the existence of historical drill core and grab samples.

Community Engagement

Sun Summit is engaging with First Nations on whose territory our projects are located and is discussing their interests and identifying contract and work opportunities, as well as opportunities to support community initiatives. The Company looks forward to continuing to work with local and regional First Nations with ongoing exploration.

About the JD Project

The JD Project is located in the Toodoggone mining district in north-central British Columbia, a highly prospective deposit-rich mineral trend. The project covers an area of over 15,000 hectares and is in close proximity to active exploration and development projects, such as Thesis Gold’s Lawyers and Ranch projects, TDG Gold’s Baker-Shasta projects, Amarc Resource’s AuRORA project, Centerra’s Gold’s Kemess East and Underground projects, as well as the past-producing Kemess open pit copper-gold mine (Figure 5).

The project is 450 kilometres northwest of the city of Prince George, and 25 kilometres north of the Sturdee airstrip. It is proximal to existing infrastructure in place to support the past-producing Kemess mine, including roads and a hydroelectric power line.

The JD Project is in a favourable geological environment characterized by both high-grade epithermal gold and silver mineralization, as well as porphyry-related copper and gold mineralization. Some historical exploration, including drilling, geochemistry and geophysics, has been carried out on the property, however the project area is largely underexplored.

About Sun Summit

Sun Summit Minerals (TSXV: SMN,OTC:SMREF) (OTCQB: SMREF) is a mineral exploration company focused on the discovery, expansion and advancement of district scale gold and copper assets in British Columbia. The Company’s diverse portfolio includes the JD and Theory projects in the Toodoggone region of north-central B.C., and the Buck Project in central B.C.

Further details are available at www.sunsummitminerals.com.

References

  1. Hawkins, P.A. (1998), 1997 Exploration Report on the Creek Zone for Antares Mining and Exploration Corporation and AGC Americas Gold Corporation, JD Property, Toodoggone River Area, Omineca Mining Division, Internal Report #98-065-1.

Link to Figures

Figure 1: https://wp-sunsummitminerals-2024.s3.ca-central-1.amazonaws.com/media/2025/09/SMN_JD_CZ007_20250903_Figure_1-scaled.jpg

Figure 2: https://wp-sunsummitminerals-2024.s3.ca-central-1.amazonaws.com/media/2025/09/SMN_JD_CZ007_20250903_Maps_Figure-2-scaled.jpg

Figure 3: https://wp-sunsummitminerals-2024.s3.ca-central-1.amazonaws.com/media/2025/09/JD_CZ_CZ007_V1_CorePhotos_V2_Figure_3-scaled.jpg

Figure 4: https://wp-sunsummitminerals-2024.s3.ca-central-1.amazonaws.com/media/2025/09/JD_CZ_CZ007_V1_CorePhotos_V2_Figure_4-scaled.jpg

Figure 5: https://wp-sunsummitminerals-2024.s3.ca-central-1.amazonaws.com/media/2025/09/SMN_JD_CZ007_20250903_V4_Figure-5.jpg

On behalf of the board of directors

Niel Marotta
Chief Executive Officer & Director
info@sunsummitminerals.com

For further information, contact:

Matthew Benedetto, Simone Capital
mbenedetto@simonecapital.ca
Tel. 416-817-1226

Forward-Looking Information

Statements contained in this news release that are not historical facts may be forward-looking statements, which involve risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. In addition, the forward-looking statements require management to make assumptions and are subject to inherent risks and uncertainties. There is significant risk that the forward-looking statements will not prove to be accurate, that the management’s assumptions may not be correct and that actual results may differ materially from such forward-looking statements. Accordingly, readers should not place undue reliance on the forward-looking statements. Generally forward-looking statements can be identified by the use of terminology such as ‘anticipate’, ‘will’, ‘expect’, ‘may’, ‘continue’, ‘could’, ‘estimate’, ‘forecast’, ‘plan’, ‘potential’ and similar expressions. Forward-looking statements contained in this press release may include, but are not limited to, the timing of and size and scope of the drill program at the JD property; the Company’s exploration plans, expectations and forecasts. These forward-looking statements are based on a number of assumptions which may prove to be incorrect which, without limiting the generality of the following, include: the Company’s ability to complete the drill program as currently contemplated; risks inherent in exploration activities; volatility and sensitivity to market prices; volatility and sensitivity to capital market fluctuations; and fluctuations in metal prices. The forward-looking statements contained in this news release are made as of the date hereof or the dates specifically referenced in this press release, where applicable. Except as required by applicable securities laws and regulation, Sun Summit disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. All forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

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

Corporate Logo

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/265410

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A small group of Republican lawmakers who did not feel their leaders were pushing a conservative enough agenda first began meeting in secret a decade ago, huddling in small rooms both inside and outside the U.S. Capitol, while closely guarding their membership for fear of punishment by top House GOP leaders.

Fast-forward to Thursday morning, and the House Freedom Caucus (HFC) was welcoming its members, top GOP donors, Trump administration officials and even Speaker Mike Johnson, R-La., to an ornate room inside Washington, D.C.’s Willard Hotel to mark its decade anniversary and its first annual policy summit.

‘It’s a big celebration and an anniversary for them, and I want to be a part of it,’ Johnson told Fox News Digital just before addressing the group. ‘Some of my closest friends are in this room.’

The caucus that former House Speaker John Boehner, R-Ohio, once called ‘legislative terrorists’ are now at the center of key Republican policy fights in Washington. And while they’re still a source of frustration for many GOP lawmakers – who find the group to be disruptive to Republicans’ agenda – HFC is hiding no more and has the ear of some of the most powerful people in D.C.

‘This was never our goal, you know, but we wanted to have an impact,’ Rep. Marlin Stutzman, R-Ind., a founding member of HFC who left Congress and returned in 2025, told Fox News Digital of the event at the Willard. ‘There’s always a lot of agreement in the conference, like, ‘Oh yeah, we would like to get there,’ but…sometimes you kind of need the difficult people to help move it a little bit further to the right than what you thought you might be able to.’

And rather than being a thorn in the side of Republican leaders, HFC is trying to work hand-in-hand with President Donald Trump to push for conservative policies.

They are not going against the grain any longer, House Freedom Caucus Chair Andy Harris, R-Md., told Fox News Digital.

‘We’re driving the grain,’ he said. ‘We work with the president to advance his agenda in the most conservative way possible, and we’ve been successful.’

Border czar Tom Homan, who also addressed the event along with Office of Management and Budget (OMB) Director Russell Vought, told Fox News Digital that HFC was key to advancing Trump’s border agenda.

‘They’re on the right side,’ Homan said. ‘They want to secure the border because they know a secure border, a strong border, gives us strong national security…they want us to enforce the laws.’

In late 2023, a group of HFC members were key to successfully pushing out a House speaker mid-congressional term for the first time in U.S. history.

They’ve also played significant roles in pushing Republican spending bills and the recent One Big, Beautiful Bill Act to the right – at least in the House.

Even in the middle of their two-day event on Thursday, some HFC members threatened to sink a GOP-led spending bill as a warning shot to House leaders to keep on a conservative path.

The approach has been seen as divisive for years, and this year is no different.

‘They act as if they are the only principled conservatives in the conference. It’s almost as if they would rather be in the minority,’ one House Republican, granted anonymity to speak freely, told Fox News Digital. ‘They love the attention they get when they hold out, only to fold in the end. It’s why no one respects them.’

Another GOP lawmaker said, in the context of current talks to avert a government shutdown, ‘The Freedom Caucus is not what it was two years ago or even four years ago. I don’t know what you call them, but Andy Harris speaks for himself.’

‘What is the goal of the Freedom Caucus? Is it to win? Is it to fold?’ they asked. ‘I mean, have they lost their teeth? From an outside perspective, no, I still think they get heard.’

Current HFC members brushed off the criticism.

‘We’re willing to negotiate with Donald Trump and the Senate to beat Democrats with the most conservative bill possible, so please keep assuming that we’re dead, and please keep writing that obituary, because we’re winning,’ HFC Policy Chair Chip Roy, R-Texas, told Fox News Digital.

Harris said of the critics, ‘If winning is folding, then I’ll fold every time.’

Indeed, the group does have the ear of the White House.

Former HFC Chair Scott Perry, R-Pa., who gave opening remarks during a portion of the summit exclusively viewed by Fox News Digital, revealed that White House aides attended the group’s recent meeting with conservative senators.

‘Last night, with representatives from the White House, we were asked, ‘What is the plan?’ I’m not exaggerating, this is your Freedom Caucus, the ‘legislative terrorists’ in the room where it happened,’ Perry told the audience.

But the group is expected to see some high-profile departures in the next congressional term: Roy is running for Texas Attorney General, and Reps. Andy Biggs, R-Ariz., and Byron Donalds, R-Fla., are both running for governor, among others.

Roy told Fox News Digital of the turnover, ‘We’ve had a conversation. We have things we want to do to help kind of make sure and ensure the longevity. Right now, we’ve got to make sure the good people are running. We have to make sure we continue to grow the ranks of the Freedom Caucus.’

And newer members have signaled they’re ready to fill the ranks of those left behind.

‘Now that I’ve been here, and it’s my third year, and I get comfortable with this, it gives me a lot more confidence to know what is the right path or what’s the wrong path,’ said Rep. Eric Burlison, R-Mo., whose profile in HFC has risen in his short time in Congress. ‘And I think there’s other members like me that are – as these guys step away, there’s plenty of really talented members to step in their shoes.’


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President Donald Trump has been racing at breakneck speed to keep all his campaign promises. Yet he has only four months left to fulfill his vow to halve electricity prices by the end of his first year. Fighting against the fallout of the Biden administration’s harmful anti-fossil fuel agenda, the president faces stiff headwinds. The only way the president can meet his self-imposed deadline is to change course quickly, reject Biden’s mistakes and unlock the potential of every available electron.  

So far, the trend lines aren’t looking good. In the last year, electricity prices have risen twice as fast as inflation, and the Energy Information Administration estimates that retail electricity prices will continue to outpace inflation through next year, with residential prices surging between 13% to 18% higher than in 2022. 

Though, traditionally, consumers have been much more concerned about gas prices — a number they see projected on highway signs and experience firsthand multiple times a month at the pump — the experience of electricity price spikes instead of the promised price cuts will risk diminishing Trump’s popular support. 

What’s worse, these price hikes will arrive before the midterms, when Trump will be battling to retain his slim congressional majorities. 

The current price hikes aren’t Trump’s fault. Instead, he inherited a market with increasing and unprecedented energy demand coupled with the fallout from the Biden administration’s harmful policies to phase out fossil fuels. 

Technological innovations like cloud and quantum computing, crypto mining, electric vehicle adoption, streaming services and, most of all, AI data centers, all have tremendous energy demands, which drive electricity prices higher. Rand estimates global AI data centers alone will need 327 GW of energy by 2030. To put that into perspective, the entire state of California used 86 GW of energy in 2022. 

In the face of rising demand, the Biden administration embarked on an aggressive program to curtail legacy energy production. The Biden EPA imposed new emissions restrictions that effectively forced the retirement of coal and natural gas power plants and manipulated regulations across agencies to hem in traditional fuel sources. 

If these Biden-era policies didn’t cause the current electricity price spikes, they at least allowed today’s demand-induced price increases to hit consumers unabated. 

EPA head blasts Biden-era decision to

Trump now has to deal with a crisis not of his own making. With his firm commitments to win the AI race, advance crypto and reshore energy-intensive manufacturing such as semiconductor production, Trump can only keep electricity prices in check by massively increasing supply to meet rising demand. 

Unfortunately, his administration appears to be repeating the same mistakes as Biden’s, just colored with a different ideology. 

Where the Biden administration cut energy supplies by attacking fossil fuel production, the Trump administration is limiting alternative and renewable energy sources. 

The One Big Beautiful Bill rescinds tax incentives for renewables, while the administration has advanced multiple orders and rules that limit clean energy, from halting offshore wind leases to curbing solar tax credits. 

‘Drill, baby, drill’ is a great energy policy, but it’s not enough by itself. While America produced nearly enough energy from fossil fuels (86.3 quads) to supply our nation’s entire energy consumption (93.59 quads) in 2023, the fact is, we need alternative energy sources just to meet current demands. When the future requires even more energy, the necessity for alternative energy will only increase. 

The cheapest way to put more electrons into the power grid immediately is to erect significantly more solar and energy storage infrastructure, coupled with natural gas peaker plants that can be rapidly turned on during peak hours. 

In the medium term, America needs to increase nuclear energy production, build more energy infrastructure like electric transmission lines and natural gas pipelines, and construct geothermal power plants while deploying grid-enhancing technology, improving demand response and increasing energy efficiency. With the growing adoption of solar and EVs, the United States can even create an aggregated network of residential, virtual power plants that only draw energy in low-use times while feeding energy back into the grid when it’s needed most. 

If these Biden-era policies didn’t cause the current electricity price spikes, they at least allowed today’s demand-induced price increases to hit consumers unabated. 

The point is, every energy source and efficiency measure must be deployed if we have any hope of keeping prices in check. 

President Trump can’t be blamed for the current rise in energy prices. But he could be blamed down the road if his administration continues to limit supply by favoring one source of energy over others. At the end of each month, most consumers don’t care where their energy comes from; they only care that it’s cheap. 


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Republican Sen. Rand Paul of Kentucky strongly objected after Vice President JD Vance asserted in a Saturday post on X that ‘Killing cartel members who poison our fellow citizens is the highest and best use of our military.’

‘JD ‘I don’t give a s[—]’ Vance says killing people he accuses of a crime is the ‘highest and best use of the military.’ Did he ever read To Kill a Mockingbird? Did he ever wonder what might happen if the accused were immediately executed without trial or representation??’ Senator Paul wrote. ‘What a despicable and thoughtless sentiment it is to glorify killing someone without a trial.’ 

In a Truth Social post last week, President Donald Trump shared video footage of what he said was ‘a kinetic strike against positively identified Tren de Aragua Narcoterrorists’ who he said ‘were at sea in International waters transporting illegal narcotics, heading to the United States.’

Someone responded to Vance by writing that, ‘Killing the citizens of another nation who are civilians without any due process is called a war crime.’ 

But the vice president swiftly fired back.

Trump shares footage of military strike against suspected Tren de Aragua drug boat

‘I don’t give a s[—] what you call it,’ Vance declared.

GOP Sen. Bernie Moreno of Ohio pushed back against Paul.

Rubio defends deadly strike on suspected Venezuelan drug boat

‘What’s really despicable is defending foreign terrorist drug traffickers who are *directly* responsible for the deaths of hundreds of thousands of Americans in Kentucky and Ohio. JD understands that our first responsibility is to protect the life and liberty of American citizens,’ Moreno wrote on on X.


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The 30th anniversary of Tommy Boy was recently commemorated in Sandusky, Ohio, with the first Tommy Boy Fest. I was sorry to have missed this event since the schedule looked like a blast, complete with Q&A with Director Peter Segal and Julie Warner (“prettiest gal in Sandusky”), a comedy show with Kevin Farley, and a Tommy Want Wingy throwdown. Although Tommy Boy was filmed in Canada, the movie was based in the city of Sandusky and if this festival becomes an annual event, my family will definitely be traveling there next year.

My kids love Tommy Boy (and Chris Farley) as much as I do and after a recent re-watch of the 1995 flick, I kept thinking about some of the smaller scenes with big undertones, particularly regarding the management of Callahan Auto Parts and the emphasis on it being family-owned.

Early in the movie, there is a scene with Tommy’s father, an auto parts tycoon known as Big Tom (played by Brian Dennehy), and he is sharing his plans for a new brake pad division while walking down a hallway with a few businessmen. Ron Gilmore, the town banker (played by James Blendick), is walking alongside him and seems concerned about the sizable bank loan that will be needed for this new endeavor. Big Tom, in pitching his idea, declares “Don’t tell me the bank thinks we need to wait it out. Any business that tries to wait it out will be just that: out. In auto parts, you’re either growing or you’re dying. There ain’t no third direction.” And Big Tom is right. Complacency and competitive inertia are the surest ways to lose any battle over market share in the business realm. 

Big Tom’s statements are confident and convincing, but Gilmore is still concerned. “Tom, you’re talking about a huge loan. Maybe instead of borrowing, you should take on a partner.” An idea Big Tom quickly shoots down. “No, this always has been, always will be a family firm. My grandfather founded it in ’21. My father kept it running during the Depression. My Aunt Eileen ran it when he went away to war, and someday, my son will run it.”

In this short scene, several factors are at play, but for the sake of this article’s length, let’s just focus on the family business element. And to do so, some context is needed.

The Premise

Big Tom believed in the Callahan brand, and he lived well because of the success he achieved. Big Tom’s residence is one to behold: a huge mansion, gorgeous grounds, and a massive inground swimming pool (good enough for Bo Derek). And thanks to his wealth, Big Tom was able to support Tommy Boy’s elongated college education as well as guarantee him a job post-graduation. One of my favorite scenes in the movie is when Tommy receives his private office at his father’s firm, and Richard Hayden, an executive assistant (played by David Spade) alludes to the nepotism by sarcastically stating “You have a window! And why shouldn’t you? You’ve been here ten minutes.”

Other than a few quips from Richard throughout the film, employees at Callahan Auto Parts are featured as being unbothered by the family favoritism and don’t begrudge their employer’s lavish lifestyle. Actually, it is hard not to like the Callahan family. Big Tom is charismatic and appears to treat employees well, while Tommy is caring and kind, making it easy to disregard his mishaps and shenanigans. When touring the factory after returning home from college, Tommy greets all the workers by name and shows a genuine interest in the work they are doing. 

Overall, Tommy’s strength (we won’t go into his rather obvious faults) lies in generating interpersonal connections, and when he needs to take charge after the sudden passing of his father, Tommy is well-received by most of the employees despite the lack of competency he has for his new role.

The Perception

What is truly interesting about Callahan Auto Parts is how the business is presented and perceived. Big Tom ran a big business, and it being family-owned was a big deal. While I can understand a father wanting to see his legacy live on through his son, I am always a bit perplexed why consumers should care whether a firm is family-owned. Yet, for some reason, in American culture, family businesses have positive appeal, and businesses heavily promote familial ties. 

If you start paying attention to taglines, you’ll find that all types of firms market themselves as family-owned. One of my favorite examples is Sierra Nevada Brewing Co., which features at the top of its cans “Family Owned, Operated & Argued Over.”

When a successful business can be passed on to future generations, this is generally viewed as a good thing and something to be proud of. Some of America’s oldest and largest firms are family-owned: The Ford Motor Co., Koch Industries, Inc., The Kohler Co., S.C. Johnson, and Wegmans Food Markets to name a few. However, when a firm is perceived as being too big and too successful, those good vibes tend to fade away. Think the Waltons of Walmart or the Hiltons of, well, Hilton. 

When we perceive a company as being too powerful or a family as being too high status, we are less enthused about the family aspect. But we must remember that business owners generate their wealth by means of the success of their business. And the success of a business depends on its efficacy in serving the market and its ability to cater to consumer interests. Walmart didn’t get big overnight, and consumers weren’t forced to shop at Walmart stores. 

Moreover, some of the heirs of big businesses do great things with the wealth they have attained. Most notably and most recently, the Alice L. Walton School of Medicine inducted its first medical school class. Not only did the Walmart heiress, Alice Walton, fund the creation of a top-tier medical school, but, as featured in Time Magazine, she is also “covering tuition for the first five graduating classes.” 

The Point

The next time you purchase a product or put your trust in a brand, try to assess all the signals being sent your way. Does it matter to you if the business is family-owned? Does it matter to you if the business is big or small? And if any of these factors do matter, ask yourself why. Also, ask if you might feel differently if you were the business owner.

The ‘shop small’ and ‘shop local’ mantras sound great, but we should remember that a lot of value is derived from big businesses that were once small. And while supporting family businesses certainly sounds nice, in reality, there is no way to know what goes on behind closed doors. The family that owns a business could be made up of horrible people. Or the founders could be coercing future generations to forgo their individual dreams to sustain the family’s brand name. 

Just because a business is family-owned doesn’t automatically make it good, just as a business that is not family-owned isn’t inherently bad.

Fortunately for Tommy Boy, he came from a loving family, and he’s lucky that his father took great pride in the business being family-owned (since it’s unlikely Tommy could get a job anywhere else). And it’s a good thing for Tommy that his father’s company wasn’t the only big business competing in the auto parts realm. At the end of the movie (spoiler alert) Tommy is able to trick the owner of Zalinsky Auto Parts (played by Dan Aykroyd) into purchasing 500,000 brake pads. The big sale saves the company, and Tommy is able to return to Sandusky a hero. And, as stated at the start of this article, I look forward to visiting the real city of Sandusky someday since I know my kids would get a kick out of it. 

The experiences I take part in and the investments I make are based on my preferences, my aspirations, and the future well-being of my family. Although I may not be able to set my kids up with an inheritance comparable to the fictitious Callahans or the real-life Waltons, I am doing my best to ensure they can be proud of the wealth we have attained. 

I am also teaching my children that what constitutes wealth can come in a variety of forms, and it is up to them to determine what it is they truly value. And I’ll be reminding them that no matter their age, I will always be happy to re-watch Tommy Boy with them since there is always something to be learned from the energetic and entrepreneurial spirit present in this 1990s classic.

In 1956, a trucking entrepreneur named Malcolm McLean did something quietly radical: he placed 58 identical steel boxes onto a cargo ship in Newark and sent them to Houston. Those boxes, the first standardized shipping containers, didn’t look like a revolution. But they soon rewrote the logic of global commerce.

As economist Marc Levinson chronicled in The Box, this wasn’t just about saving space or time. The genius of the container was its standardization. No matter the cargo, no matter the destination, one set of protocols including fixed dimensions, stackability, and compatibility with cranes, trucks, and ports suddenly governed a previously fragmented industry. Costs fell. Transit times collapsed. Theft and spoilage plummeted. Global trade surged from $100 billion in 1960 to over $25 trillion today, largely because containers allowed goods to move frictionlessly through a universal system.

What the shipping container did for physical goods, stablecoins now promise to do for money.

The recent bipartisan passage of the GENIUS Act and the expected passage of the CLARITY Act in the next few weeks, is the policy equivalent of agreeing on the international container standard. It establishes a framework for dollar-backed stablecoins, digital tokens whose value is pegged 1:1 to U.S. dollars and backed by reserves held in cash or short-term Treasuries. Issuers must meet rigorous disclosure, audit, and consumer-protection requirements. In short, the Act sets the rules to make stablecoins not just safe, but also scalable and interoperable by defining basic regulatory guidelines.

That distinction matters. Because like early maritime trade before containerization, today’s financial system remains fragmented, expensive, and slow. Sending money internationally often takes days, involves multiple intermediaries, and racks up fees, especially for consumers and small businesses. Different ledgers, jurisdictions, and systems don’t talk to each other.

Stablecoins change that. They are programmable, 24/7, borderless instruments that allow dollars to move instantly across platforms, contracts, and geographies. They’re not trying to replace the dollar; they’re trying to standardize its transport, just as containers didn’t replace ships, they made ships dramatically more efficient.

Even before the GENIUS Act, the market for stablecoins was exploding. In 2024, stablecoins processed over $27 trillion in transactions, more than Visa and Mastercard combined. Over 90% of that volume was denominated in U.S. dollars. And, unlike cryptocurrencies like Bitcoin, these aren’t speculative assets. They are increasingly the infrastructure of modern financial exchange.

But just like container adoption required more than a clever box, it required regulatory alignment, international buy-in, and standardized protocols, stablecoins need legislative scaffolding to scale securely. The GENIUS and CLARITY Acts provide that scaffolding. This legislation sets a bar that serious, well-capitalized issuers can meet and ensures dollar-backed tokens are trusted, transparent, and functional at scale.

The benefits are profound. For consumers, it means faster and cheaper transactions. For entrepreneurs, it unlocks programmable financial applications. But for the United States, the biggest benefit is macroeconomic and geopolitical: the GENIUS and CLARITY Acts will increase global demand for U.S. dollars.

Every compliant stablecoin must be backed by reserves held in dollars or short-term Treasuries. As stablecoins are adopted globally, for remittances, trade settlement, and digital contracts, they become a continuous engine of demand for dollar-based assets. Morgan Stanley estimates this could generate trillions of dollars in new demand for U.S. government debt, strengthening Treasury markets and lowering borrowing costs.

It also fortifies dollar primacy. In a world where China is pushing a digital yuan and the EU is experimenting with a digital euro, the U.S. must export not just currency, but currency infrastructure. Stablecoins are the shipping containers of monetary influence. If we define the standard, the world will adopt it. If we hesitate, others will fill the vacuum.

To be clear, stablecoins aren’t risk-free. But their risks, such as liquidity mismatches, fraud, systemic exposure, are precisely the kinds of challenges that regulation is designed to manage. The current crypto legislation addresses them with measured oversight. It is neither overbearing nor permissive, it is infrastructural.

The true lesson of the container revolution is this: infrastructure wins not by invention, but by consensus. Once enough actors agreed on the rules, global trade scaled almost automatically. Stablecoins offer the same promise for digital commerce if we codify their standard.

Both the GENIUS and CLARITY Acts are not just about enabling crypto. They are about ensuring the U.S. dollar remains the base layer of global finance in a world that is moving, inevitably, toward digital rails.

The future of money needs a container. We have it. Now we need to standardize it and lead.

For decades, New York City prided itself on being the financial capital of the world. It’s a place where money, culture, and power converge. And yet, as has been seen in San Francisco, Chicago, and other locations around the US, New York is experiencing a steady exodus of millionaires and ultra-high-net-worth individuals. While some observers dismiss this as anecdotal or exaggerated, the facts paint a different picture: one with serious implications for the city’s fiscal health, social fabric, and attractiveness.

It is easy to forget that New York’s gleaming infrastructure, vast public services, and social programs are underwritten disproportionately by a tiny number of residents. Fewer than one percent of taxpayers account for more than 40 percent of all income tax revenue collected in the state, and a similar share in the city. Without those individuals, the ability of millions of ordinary New Yorkers to enjoy subsidized transit, robust public safety services, and cultural investments would collapse. In other words, and despite endless egalitarian rhetoric, the lifestyle of the masses is silently carried on the shoulders of the few.

The scale of the loss is becoming visible. Between 2019 and 2020, the number of New Yorkers earning between $150,000 and $750,000 fell by nearly six percent, while the number of true high earners — those making over $750,000 — dropped by nearly 10 percent, according to the city’s Independent Budget Office. This erosion matters because the city’s top one percent — about 41,000 filers — pay more than 40 percent of all income taxes. The top 10 percent pay about two-thirds. Which means the remaining 90 percent of taxpayers contribute only about one-third of the city’s income tax revenue. When even a small share of these high earners disappears, the impact is seismic.

Recent migration trends confirm the damage. More than 125,000 New Yorkers have fled to Florida in just the past few years, carrying nearly $14 billion worth of income with them, according to the Citizens Budget Commission. About a third of those movers — more than 41,000 people — went to Miami-Dade, Palm Beach, and Broward Counties between 2018 and 2022. Those escapes alone stripped New York City of an estimated $10 billion in adjusted gross income. When money and mobility align, no amount of political rhetoric can stop people from voting with their feet.

Into this fragile situation steps Zohran Mamdani, whose mayoral primary victory has been accompanied by a platform that includes a new “millionaire’s tax.” His proposal would tack on an additional two-percent levy for New Yorkers earning more than $1 million a year, raising the combined city and state top rate to 16.776 percent — by far the highest in the nation. Add federal obligations, and the total burden would rise to nearly 54 percent. That is not just taxation; it is confiscation. 

Wealthy New Yorkers wouldn’t even need to flee to Florida to avoid it. A short move to Westchester, Long Island, or across the Hudson to New Jersey would suffice. As the Tax Foundation has noted, “a high earner doesn’t need to give up the convenience of the city, they just need to move outside the five boroughs.” Developers are already banding together to oppose Mamdani’s rent-control platform, while Florida realtors report a surge in inquiries from wealthy New Yorkers looking to relocate.

Rather than acknowledge this delicate balance, policymakers in Albany and City Hall continue to treat the wealthy as inexhaustible resources. Each subsequent budget cycle seems to bring fresh proposals for higher levies, justified by a reflexive invocation of “fair share.” For the city’s most mobile taxpayers, however, there is a limit. They are increasingly concluding that enough is enough.

Not to worry, though. Other US states and cities are only too happy to receive them. 

Florida has no state income tax and a climate that, quite literally, feels like a bonus. Texas markets itself as a business-friendly, family-friendly destination where capital is welcomed rather than penalized. The Lone Star State is even planning its own stock exchange to fight against corporate ESG/DEI mandates, among others. Even Connecticut, once derided as a commuter’s backwater, now makes a pitch as a calmer, lower-tax alternative just a train ride away.

It’s not just states. Municipalities from Miami to Austin to Nashville are creating entire ecosystems — schools, cultural centers, financial services clusters — designed to attract, satisfy, and retain disaffected New Yorkers. And the migration data show that these efforts are paying off.

The most striking irony of this government-greed-driven exodus is that the very policies promoted as remedies for inequality are accelerating a new divide. On one side are jurisdictions with extractive tax regimes like New York, which are increasingly reliant on a shrinking base of wealthy residents. On the other side are “merely high-tax” or moderate-tax states that calibrate their revenue needs without driving out their most productive citizens. In attempting to punish the “haves” in the name of the “have-nots,” New York is in the process of creating an even sharper divide between places where the wealthy live and places they have left behind. The intended redistribution becomes a geographic one, with capital, philanthropy, and jobs following the departing millionaires.

Beyond dollars and cents, there is also a cultural cost. Wealthy New Yorkers are not just taxpayers; they are patrons of the arts, benefactors of hospitals, and funders of civic institutions. When they decamp to Florida, Texas, Tennessee, Wyoming, or elsewhere, they don’t merely take their checkbooks; they take their boards, galas, and fundraising networks. The very character of New York as a city of ambition progressively dims. A city that once attracted the world’s best and brightest risks becoming a place they leave once they have achieved the successes they sought.

The migration of millionaires is not an abstract threat. It is an early warning sign of the consequences of fiscal imbalance and political avarice. New York can continue to chase headlines with promises of soaking the rich, or it can recognize that prosperity depends on partnership, not punishment. If it chooses the former, the flight will only accelerate, and the city may wake up one day to find that its most valuable export is no longer finance or culture, but people. Wealth, like love, does not stay long where it goes unappreciated.