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A ‘limited number’ of U.S. personnel are operating in Caracas as Washington looks to resume diplomatic relations with Venezuela after the historic capture of Nicolás Maduro, Fox News has learned.

A senior State Department official told Fox News that the Trump administration plan to resume official diplomacy with Venezuela is under way. This is the first time a State Department official has commented on reporting about the diplomatic team on the ground.

‘A limited number of U.S. diplomatic and technical personnel are in Caracas conducting initial assessments for a potential phased resumption of operations,’ the official said.

The official did not specify exactly what ‘a limited number’ meant, and it is not immediately clear exactly how many people are on the ground. The phased resumption of operations would include the re-opening of the U.S. Embassy and consulate offices in Venezuela.

Since Maduro was captured, the Trump administration has been cautious in its approach to Venezuela. President Donald Trump initially said that the U.S. would ‘run’ the country for an undetermined period of time. 

Since then, Trump has met with Venezuelan opposition leader María Corina Machado, who he said he doubts has the support necessary to take over the country.

After her meeting with Trump, Machado spoke at a news conference hosted by the conservative think tank, the Heritage Foundation, in Washington, D.C. She said that Venezuela would hold ‘free and fair’ elections ‘eventually.’ However, she did not offer a timeline for how long the current interim government would be allowed to rule, only that elections would happen ‘as soon as possible.’

Machado also attempted to downplay the appearance of competition between herself and Maduro’s successor, interim Venezuelan President Delcy Rodriguez, for Trump’s support.

‘This has nothing to do with a tension or decision between Delcy Rodríguez and myself,’ Machado said when asked about Trump’s openness to working with the interim government. ‘This is about a criminal structure that is a regime and the mandate of the Venezuelan people.’

On Jan. 15, Rodriguez, who was sworn-in as Venezuela’s interim president following the capture of Maduro, met with CIA Director John Ratcliffe. A U.S. official told CBS News that the purpose of the meeting was to ‘deliver the message that the United States looks forward to an improved working relationship.’

Rodriguez’s meeting with Ratcliffe took place one day after she had a phone call with Trump, who said the conversation was ‘very good.’

‘We are making tremendous progress, as we help Venezuela stabilize and recover. Many topics were discussed, including oil, minerals, trade and, of course, national security,’ Trump wrote on Truth Social. ‘This partnership between the United States of America and Venezuela will be a spectacular one FOR ALL. Venezuela will soon be great and prosperous again, perhaps more so than ever before!’

Fox News Digital’s Morgan Phillips contributed to this report.


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Nigerian authorities have admitted that more than 160 Christians were kidnapped during worship services Sunday after initially denying the simultaneous attacks on three churches.

‘Subsequent verification from operational units and intelligence sources has confirmed that the incident did occur,’ Benjamin Hundeyin, the police spokesperson for the unit in northwestern Kaduna, Nigeria, state, said in a statement.

A state lawmaker, Usman Danlami Stingo, had told The Associated Press that 177 people were abducted during simultaneous in northwestern Kaduna, Nigeria, Sunday. Eleven reportedly escaped, while 168 are still missing, according to Stingo. The attacks reportedly took place at the Evangelical Church Winning All (ECWA), at another church belonging to the denomination Cherubim and Seraphim, and at a Catholic church. 

Kaduna, Nigeria, State Police Commissioner Muhammad Rabiu initially described news reports of the attacks Monday as rumors, saying the police visited one of the three churches in the district of Kajuru and ‘there was no evidence of the attack.’

Joseph Hayab, chairman of the Northern Christian Association of Nigeria, claimed on Nigerian broadcast network Africa Independent that the issue had become ‘politicized.’

‘I don’t know the politics being played by the deniers, but this is quite sad. Whoever is asking for a list, we have shown them the list, let them tell us the list does not exist.’

‘This incident happened,’ he said. ‘All we want is for the security services to do is to go after them.’ 

The Chikun/Kajuru Active Citizens Congress (CKACC), a local advocacy group, published a list of hostages that has not been verified. 

Rights group Amnesty International condemned the ‘desperate denial’ of the attack by the police and government.

‘The latest mass abduction clearly shows President Bola Tinubu and his government have no effective plan for ending years of atrocities by armed groups and gunmen that killed thousands of people,’ the group said in a statement.

In response to the recent kidnappings, a senior Trump administration official told Fox News Digital, ‘President Trump made his position clear. Nigeria is facing a complex array of threats from terrorist groups and violent extremist organizations that is affecting wide portions of the country. We hope that the Nigerian government will work to take swift and immediate action in collaboration with the United States to address the violence that is affecting Christians, as well as countless other innocent civilians across Nigeria.’

Two Christian groups, Northern Christian Association of Nigeria and Christian Solidarity Worldwide Nigeria (CSWN), said they sent representatives to the region to investigate, but they were turned away by military and local government officials. 

A local resident allegedly told CSWN that bandits had rounded up congregants and ‘forced them into a bush,’ later releasing elderly women and children. 

Kaduna State Police Commissioner Muhammad Rabiu said Monday police visited one of the three churches and ‘there was no evidence of the attack.’

He said the ‘rumors’ were ‘sponsored by people who are not happy with the relative peace that Kajuru has been enjoying since the coming of this administration.’

The kidnapping reports come just weeks after the U.S. carried out airstrikes against Islamist targets in northern Nigeria.

On Dec. 25, 2025, U.S. Africa Command confirmed it conducted precision strikes targeting Islamic State-linked militants in Sokoto State, a Muslim-majority region in northwest Nigeria. The Pentagon said the operation was carried out in coordination with Nigerian authorities and was intended to degrade ISIS-West Africa Province capabilities. 

Officials said multiple militants were killed. 

The Christmas Day strikes marked one of the most significant U.S. military actions in Nigeria in recent years and came amid warnings from U.S. officials that ISIS affiliates were exploiting Nigeria’s vast ungoverned spaces, porous borders and limited security presence in rural areas.

In recent months, armed groups have abducted hundreds of schoolgirls and students from multiple northern Nigerian schools, incidents that reignited U.S. political debate over whether the violence constitutes religious persecution or criminal banditry — and whether Nigeria’s government is capable of protecting vulnerable populations. Religious freedom advocates and some U.S. lawmakers have urged stronger diplomatic and security engagement, arguing that repeated attacks on Christian communities are being minimized by Nigerian authorities.

Nigeria’s government has consistently rejected claims of a coordinated campaign against Christians, insisting the violence is driven primarily by criminal groups seeking ransom rather than ideology. Security officials have warned that misinformation surrounding attacks risks inflaming tensions in already volatile regions.


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Justice Brett Kavanaugh voiced concern during oral arguments on Wednesday that a Supreme Court case involving Federal Reserve Governor Lisa Cook could erode the central bank’s independence if the justices were to side with President Donald Trump in it.

Kavanaugh asked Solicitor General John Sauer, who argued on behalf of the administration, about his position that Trump alone can decide what ’cause’ means when firing a Federal Reserve governor.

‘That’s your position, no judicial review, no process required, no remedy available,’ Kavanaugh said, describing it as a ‘very low bar for cause that the president alone determines.’

Kavanaugh, a Trump appointee, added that that would ‘weaken, if not shatter, the independence of the Federal Reserve.’

Sauer said he disagreed and that the law requiring a Federal Reserve governor to be fired for cause was, in fact, a ‘high bar.’

‘It’s our very strong protection because it does protect them from the one thing that Congress was apparently most worried about, which is a removal for policy disagreement,’ Sauer said. 

The high-stakes case stems from Cook, who was represented during oral arguments by renowned conservative attorney Paul Clement, suing over Trump removing her from the Federal Reserve’s powerful seven-member board of governors.

Cook was appointed by former President Joe Biden. Board members serve 14-year terms, and no president has ever fired a single one.

The justices are weighing whether to keep in place a lower court injunction that has allowed Cook to remain in her post while her lawsuit proceeds.

Trump has argued he has broad authority to fire Cook, alleging she committed private mortgage fraud. Cook has denied those claims and said she has received no due process. She has not been charged with any crime.

While the conservative justices appeared largely sympathetic during a separate case examining Trump’s stance that he could fire members of independent agencies, such as the Federal Trade Commission, the justices appeared to view the Federal Reserve as more insulated during Wednesday’s arguments.

The Federal Reserve, created in 1913, moderates interest rates and, unlike other independent agencies, it is not funded by Congress and its policy decisions do not need presidential or legislative approval.

Trump has repeatedly blasted Chairman Jerome Powell and the Federal Reserve for lowering benchmark interest rates at a slower pace than the president wants. The president’s feud with the Federal Reserve recently expanded after Powell revealed that the Department of Justice was investigating him over an allegation he lied to Congress, which Powell denies.

Kavanaugh also raised a bigger picture question, asking Sauer what the implications of deciding in favor of Trump would mean for future administrations.

‘Let’s talk about the real-world, downstream effects of this, because if this were set as a precedent, it seems to me, just thinking big picture, what goes around, comes around,’ Kavanaugh said. ‘All the current president’s appointees would likely be removed for cause on Jan. 20, 2029, if there’s a Democratic president or Jan. 20, 2033. And then, we’re really at at-will removal.’

Justices across the ideological spectrum voiced skepticism about Trump’s ability to fire Cook. Justice Sonia Sotomayor, an Obama appointee, said she found the whole case unusual, noting that Trump first raised Cook’s termination through social media.

‘This whole case is irregular, starting with a Truth Social notice, or thinking of it as notice at all, certainly didn’t invite an opportunity to be heard. But that’s where we are,’ Sotomayor said.

Fox News’ Bill Mears contributed to this report.


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President Donald Trump took a shot at Somalia and claimed that the investigations Minnesota faces alleged fraud schemes is a reminder that the West cannot allow mass migration from ‘failed’ societies. 

Minnesota has encountered heightened scrutiny in recent months as the state faces investigations into multiple alleged fraud schemes plaguing the state’s social services system. 

The majority of those charged are part of Minnesota’s Somali population, and Trump unveiled plans in November 2025 to end the temporary protected status for Somali migrants in Minnesota that offers protections against deportation.

‘The situation in Minnesota reminds us that the West cannot mass import foreign cultures, which have failed to ever build a successful society of their own,’ Trump said Wednesday at the World Economic Forum in Davos, Switzerland. ‘I mean, we’re taking people from Somalia, and Somalia is a failed — it’s not a nation — got no government, got no police … got no nothing.’

Secretary of the Treasury Scott Bessent announced in December 2025 that his agency was launching an investigation evaluating whether Minnesota’s funds were potentially diverted to al-Shabab, a terrorist organization based in Somalia. 

Lawmakers also initiated probes into Minnesota’s alleged ‘Feeding Our Future’ $250 million fraud scheme that allegedly targeted a children’s nutrition program the Department of Agriculture funded and that Minnesota oversaw during the COVID-19 pandemic.

At least 77 people have been charged in that scheme, which took advantage of the U.S. Department of Agriculture’s decision to waive certain Federal Child Nutrition Program requirements.

Likewise, another alleged fraud scheme in the state stems from the Housing Stability Services Program, which allegedly offered Medicaid coverage for housing stabilization services in an attempt to help those with disabilities, mental illnesses and substance-use disorders receive housing.

The Justice Department so far has charged less than a dozen people for allegedly defrauding the program that runs through Minnesota’s Medicaid service, but more charges are expected.

Minnesota Gov. Tim Walz, a Democrat, has claimed that he believes that reports indicating the fraud could total over $9 billion are exaggerated and ‘sensationalized,’ but he’s also promised to address the issue. 

‘I am accountable for this, and more importantly, I am the one that will fix it,’ Walz told reporters in December 2025.


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The gold price reached new highs yet again, driven higher by safe-haven demand as US President Donald Trump escalates trade tensions with Europe, and the US dollar weakens.

The spot price of gold hit US$4,888.80 per ounce in early trading on Wednesday (January 21) ahead of the World Economic Forum in Davos where Trump is expected to face pushback against his bid for Greenland.

Gold price chart, January 14 to 21, 2026

Gold price chart, January 14 to 21, 2026.

The yellow metal’s latest rise adds to an ongoing historic run.

After starting 2025 around US$2,640, gold had risen to the US$3,200 level by April. It stayed within a fairly flat range until the end of August, when it launched higher once again, breaking US$4,300 in mid-October.

The price of gold took a breather following that move, even falling briefly below US$4,000; however, its retracement was neither as steep nor as long as many market watchers expected it to be.

Gold began gaining steam again in mid-November, and took off again in earnest at the end of 2025.

In 2026, precious metals have continued to benefit from geopolitical tensions and economic uncertainty. Expectations of interest rate cuts after US Federal Reserve Chair Jerome Powell’s term ends later this year have provided support too. Trump’s feud with the Fed over rates took an eyebrow-raising turn on January 9, when the US Department of Justice served the Fed with grand jury subpoenas targeting Powell with a criminal indictment.

This latest upswing for the gold comes as investors moved out of global stocks following Trump’s threats over the weekend that the European nations opposing his bid to acquire Greenland will face 10 percent tariffs starting February 1. That figure could rise to 25 percent if a deal to secure Greenland for the US is not reached by June.

The nations targeted by the new tariffs include France, Germany, the UK, Denmark, Norway, Sweden, the Netherlands and Finland. The news has prompted fears of a full-blown US-Europe trade war, a weaker US dollar, higher inflation and a worsening outlook for the global economy. There are even concerns the conflict over Greenland could seriously weaken or dismantle the NATO alliance. Gold is traditionally used as a hedge against such risks.

Greenland’s key geographic position in the Arctic has long been coveted by the United States as a necessary strategic asset in its geopolitical struggle with Russia and China. “China and Russia want Greenland, and there is not a thing that Denmark can do about it,” Trump wrote on his social media platform Truth Social. “Only the United States of America, under PRESIDENT DONALD J. TRUMP, can play in this game, and very successfully, at that!”

‘As soon as the probability of escalation increases, defensive capital tends to move preemptively, rather than waiting for tangible impacts to materialize in economic data. In this context, gold functions as a portfolio risk-balancing asset.’

European leaders have responded with vows that they will not be blackmailed into allowing Trump to take Greenland, and are now preparing counter measures to the president’s tariffs.

Gold also continues to benefit from strong central bank buying, while silver’s industrial side is attracting attention. Although it is valued as an investment metal, silver is key for technology such as solar panels. Silver had reached a new record high overtaking the US$95 level briefly this week. However, the notoriously volatile metal is experiencing a slight pullback on Wednesday back into the US$93 range.

Elsewhere in the precious metals space, platinum rose to record highs on Wednesday, reaching US$2,543 per ounce. Palladium remains below its top price level, but is elevated above US$1,800 per ounce.

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

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Sankamap Metals Inc. (CSE: SCU) (‘Sankamap‘ or the ‘Company‘) is pleased to provide an exploration update from its 4,500-hectare (‘Ha’) Kuma property (‘Kuma’) located approximately 37 kilometers (‘km’) southeast of Honiara in south-central Guadalcanal, Solomon Islands.

In preparation for its inaugural drill program, the Company has mobilized a field crew to advance camp construction, complete drill pad development, and conduct rock sampling, while integrating existing data to refine and prioritize high-potential targets.

The Kuma Property is strategically located along a highly prospective trend that hosts several major deposits including Lihir1 and Panguna2, both sharing geological similarities to the Kuma property.

1 Lihir containing 71 Moz Au1 (310 Mt containing 23 Moz Au at 2.3 g/t Proven+Probable (‘P&P’), 520 Mt containing 39 Moz Au at 2.3 g/t indicated, 81 Mt containing 5 Moz Au at 1.9 g/t measured, 61 Mt containing 4.9 Moz Au at 2.3 g/t Inferred)

2 Panguna containing 19.3 Moz Au + 5.3 Mt Cu2 (1.5 Mt containing 16.1 Moz Au at 0.33 g/t and 4.6 Mt Cu at 0.3 % Indicated, 300 Mt containing 3.2 Moz Au 0.4 g/t and 0.7 Mt Cu Inferred)

CEO John Florek commented:

‘We are excited to launch our inaugural drill program at Kuma. With ongoing field work, including camp and drill pad development, rock sampling, and a drill rig on route to the property we are well-positioned to advance high-potential targets. The team is focused on efficiently progressing the program in this highly prospective region, with drilling on track to begin in February 2026.

Kuma benefits from established in-country support, located approximately 15 km south of the producing Gold Ridge Mine3. Compelling historical and recent exploration results indicate the presence of a significant mineralized system, interpreted to be analogous to porphyry-style copper-gold systems. Notably, historical boulder sampling has returned values of up to 13.5 g/t Au and 11.7% Cu, underscoring the exceptional exploration potential.’

3Goldridge containing 8.4 Moz Au (23 Mt containing 0.86 Moz Au at 1.15 g/t measured, 79 Mt containing 3.1 Moz Au at 1.2 g/t indicated, 89 Mt containing 3.3 Moz Au at 1.14 g/t inferred (191 Mt containing 7.2 Moz Au at 1.17 g/t) 13.4 Mt containing 0.59 Moz Au at 1.28 g/t Proven, 14.3 Mt containing 0.6 Moz au at 1.30 Probable (P&P 27.7 Mt containing 1.2 Moz Au at 1.29 g/t))

Highlights

  • Drill pad construction at Kuma completed to support the upcoming program.
  • Field crew mobilized to advance camp construction and rock sampling.
  • Reconnaissance sampling near the drill pad ongoing to refine target confidence.
  • Additional downstream sampling conducted to expand the target area.
  • Drill rig dispatched to Guadalcanal to begin operations.
  • Exploration program focused on discovering new mineralization and prioritizing future drill targets based on alteration, copper (Cu) and gold (Au) geochemical anomalies, and coincident geophysical responses.
  • Timing remains on track to commence drilling at Kuma in February 2026.

Field Program Update – Kuma Property

Field activities at the Kuma Property are focused on preparing for the planned inaugural drill program, including pad and camp construction, as well as prospecting and sampling. Initial drill pad construction has been completed, establishing the groundwork for safe and efficient drilling operations. Camp construction is underway and expected to be completed in the coming weeks (Figure 1).

The Company has completed an initial phase of surface rock sampling, with 44 samples collected and shipped to Australia for geochemical analysis and hyperspectral characterization (Figure 2). Sampling was conducted to complement historical datasets, refine the geological understanding, and support ongoing drill targeting. Additional surface rock sampling is planned across other prospective areas of the property, including near numerous additional geophysical anomalies, as field activities continue.

Encouraging cross-cutting relationships observed in the field indicate multiple phases of veining and mineralization, consistent with a long-lived hydrothermal system. Recent sampling highlights early-stage stockwork quartz veining that is overprinted by later, cross-cutting quartz-sulfide veins containing abundant pyrite (Figure 3).

To view an enhanced version of this graphic, please visit:

https://images.newsfilecorp.com/files/11623/281036_76ae216f34b9a8aa_002full.jpg

To view an enhanced version of this graphic, please visit:

https://images.newsfilecorp.com/files/11623/281036_76ae216f34b9a8aa_003full.jpg


Quality Assurance and Control Procedures

Sample preparation and analysis were completed at the ALS Global facility in Brisbane, Australia, which is accredited by the National Association of Testing Authorities (NATA) and compliant with international standard ISO/IEC 17025. Samples were analyzed using four-acid digestion methods on 34 elements, including HF-HNO3-HClO4 digestion, HCl leach, and ICP-AES. Gold was analyzed by fire assay using a 50-gram sample under ALS analytical code Au-AA26. Hyperspectral analysis was conducted on all samples using ALS analytical code TRSPEC-20, which uses a TerraSpec® 4 HR spectrometer. A secure chain-of-custody procedure was maintained during sample storage and transportation. Sankamap uses industry standards for collecting samples taken on the Kuma property, internal quality assurance and quality control (QAQC) procedures were followed by ALS.

About Sankamap Metals Inc.

Sankamap Metals Inc. (CSE: SCU) is a Canadian mineral exploration company dedicated to the discovery and development of high-grade copper and gold deposits through its flagship Oceania Project, located in the South Pacific. The Company’s fully permitted assets are strategically positioned in the Solomon Islands, along a prolific geological trend that hosts major copper-gold deposits; including Newmont’s Lihir Mine, with a resource of 71.9 million ounces of gold¹ (310 Mt containing 23 Moz Au at 2.3 g/t P+P, 520 Mt containing 39 Moz Au at 2.3 g/t indicated, 81 Mt containing 5 Moz Au at 1.9 g/t measured, 61 Mt containing 4.9 Moz Au at 2.3 g/t Inferred).

Exploration is actively advancing at both the Kuma and Fauro properties, part of Sankamap’s Oceania Project in the Solomon Islands. Historical work has already highlighted the mineral potential of both sites, which lie along a highly prospective copper and gold-bearing trend, suggesting the possibility of further, yet-to-be-discovered deposits.

At Kuma, the property is believed to host an underexplored and largely untested porphyry copper-gold (Cu-Au) system. Historical rock chip sampling has returned consistently elevated gold values above 0.5 g/t Au, including a standout sample assaying 11.7% Cu and 13.5 g/t Au4; underscoring the area’s significant potential.

At Fauro, particularly at the Meriguna Target, historical trenching has returned highly encouraging results, including 8.0 meters at 27.95 g/t Au and 14.0 meters at 8.94 g/t Au5. Complementing these results are exceptional grab sample assays, including historical values of up to 173 g/t Au5, along with recent sampling by Sankamap at the Kiovakase Target, which returned numerous high-grade copper values, reaching up to 4.09% Cu. In addition, limited historical shallow drilling intersected 35.0 meters at 2.08 g/t Au5, further underscoring the property’s strong mineral potential and the merit for continued exploration. With a commitment to systematic exploration and a team of experienced professionals, Sankamap aims to unlock the untapped potential of underexplored regions and create substantial value for its shareholders. For more information, please refer to SEDAR+ (www.sedarplus.ca), under Sankamap’s profile.

  1. Newcrest Technical Report, 2020 (Lihir: 310 Mt containing 23 Moz Au at 2.3 g/t P+P, 520 Mt containing 39 Moz Au at 2.3 g/t indicated, 81 Mt containing 5 Moz Au at 1.9 g/t measured, 61 Mt containing 4.9 Moz Au at 2.3 g/t Inferred)
  2. Bougainville Copper Ltd. Annual Report, 2016 (1.5 Mt containing 16.1 Moz Au at 0.33 g/t and 4.6 Mt Cu at 0.3 % Indicated, 300 Mt containing 3.2 Moz Au 0.4 g/t and 0.7 Mt Cu Inferred)
  3. Wanguo International Mining Group Limited Annual Results Announcement, 2024 (23 Mt containing 0.86 Moz Au at 1.15 g/t measured, 79 Mt containing 3.1 Moz Au at 1.2 g/t indicated, 89 Mt containing 3.3 Moz Au at 1.14 g/t inferred (191 Mt containing 7.2 Moz Au at 1.17 g/t) 13.4 Mt containing 0.59 Moz Au at 1.28 g/t Proven, 14.3 Mt containing 0.6 Moz au at 1.30 Probable (P&P 27.7 Mt containing 1.2 Moz Au at 1.29 g/t))
  4. Historical grab, soil and BLEG samples from SolGold Kuma Review June 2015, and SolGold plc Annual Report 2013/2012
  5. September 2010-June 2012 press releases from Solomon Gold Ltd. and SolGold Fauro Island Summary Technical Info 2012

QP Disclosure

The technical content for the Oceania Project in this news release has been reviewed and approved by John Florek, M.Sc., P.Geol., a Qualified Person in accordance with CIM guidelines. Mr. John Florek is in good standing with the Professional Geoscientists of Ontario (Member ID:1228) and a director and officer of the Company.

ON BEHALF OF THE BOARD OF DIRECTORS

s/ ‘John Florek’
John Florek, M.Sc., P.Geol
Chief Executive Officer
Sankamap Metals Inc.

Contact:
John Florek,
Chief Executive Officer
T: (807) 228-3531
E: johnf@sankamap.com

Krystle Adair,
Vice President, Exploration
T: (778) 558-3635
E: krystlea@sankamap.com

The Canadian Securities Exchange has not approved nor disapproved this press release.

Forward-Looking Statements

Forward-Looking Statements Certain statements in this release constitute ‘forward-looking statements’ or ‘forward-looking information’ within the meaning of applicable securities laws including, without limitation, the timing, nature, scope and details regarding the Company’s exploration plans and results at its projects. Such statements and information involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company, its projects, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such statements can be identified by the use of words such as ‘may’, ‘would’, ‘could’, ‘will’, ‘intend’, ‘expect’, ‘believe’, ‘plan’, ‘anticipate’, ‘estimate’, ‘scheduled’, ‘forecast’, ‘predict’ and other similar terminology, or state that certain actions, events or results ‘may’, ‘could’, ‘would’, ‘might’ or ‘will’ be taken, occur or be achieved. These statements reflect the Company’s current expectations regarding future events, performance and results and speak only as of the date of this release.

Forward-looking statements and information contained herein are based on certain factors and assumptions regarding, among other things, the estimation of mineral resources and reserves, the realization of resource and reserve estimates, metal prices, taxation, the estimation, timing and amount of future exploration and development, capital and operating costs, the availability of financing, the receipt of regulatory approvals, environmental risks, title disputes and other matters. While the Company considers its assumptions to be reasonable as of the date hereof, forward-looking statements and information are not guarantees of future performance and readers should not place undue importance on such statements as actual events and results may differ materially from those described herein. The Company does not undertake to update any forward-looking statements or information except as may be required by applicable securities laws.

Click here to connect with Sankamap Metals (CSE:SCU) to receive an Investor Presentation

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Valereum Plc (the ‘Company’ or ‘Valereum’) is delighted to announce that, further to the announcements on 25 November 2025 and 2 December 2025, it has signed a Share Subscription Agreement (the ‘Agreement’) with Quorium Global Photonics SPC (‘QGP’) acting on behalf of and for Valereum Quorium Global Photonics SPC (‘V-QGP’), a segregated portfolio company of QGP. The transaction materially strengthens the Company’s balance sheet, delivers immediate recurring income, and positions Valereum as a cash-flow positive, asset-backed financial technology platform.

The key terms of the Agreement are:

  • Long Term Strategic Partner – QGP has committed to being a long-term partner and strategic investor and will subscribe for 243,478,438 ordinary shares of £0.001 in the Company (the ‘Subscription Shares’). As per the announcement on 2 December 2025, application has been made for 12,595,437 ordinary shares (‘Initial Subscription Shares’). A further application will be made for 230,883,001 ordinary shares (‘Further Subscription Shares’). QGP will be subject to a ‘no sale’ lock-in agreement until the Company is listed on Nasdaq Stock Exchange or New York Stock Exchange, except that each month up to 1.44% of such shares held by QGP may be sold, transferred, or disposed of or pledged.
  • Valereum receives $200,000,000 of medium term notes – In consideration for the Subscription Shares, QGP will transfer $200,000,000 of QMTN2601001 medium term notes (‘QMTN’) from V-QGP to the Company. These will generate an annual coupon of 7.95% on the outstanding principal, which shall be paid in USD or USDC quarterly from 29 March 2026 until its maturity on 31 December 2030. Valereum will therefore receive contracted income equivalent to USD 15.9 million per annum for the next 5 years.
  • Agreement in principle for a further USD 1 billion – The Agreement includes a provision for QGP to provide the Company with up to a USD $1 billion facility to support future growth initiatives and operational expansion.

Further Terms of the Agreement

  • Board Representation: Subject to satisfactory due diligence, QGP will appoint two executive directors to the Board, a further announcement will follow.
  • Fees: the Company agree to pay USD 100,000 to the subscriber on signing and a further USD 100,000 to be offset against first payment receivable by the Company from the QMTN.
  • Performance Warrants: QGP will participate in Company’s existing Long-Term Incentive Plan (‘LTIP’), which permits the granting up to 30% of warrants over outstanding shares immediately vesting in equal instalments at 20p, 40p, 60p, 80p and £1.00, with the pool equally split between existing performance warrant holders, Company senior executives, and QGP together with its senior executives.
  • Issue of Warrants: In addition to the Performance Warrants, the Company will issue warrants over 10 million ordinary shares each to Pieter Scholtz, Managing Director of QGP, and Illiquid Assets Solutions Limited with an exercise price of £0.001 and an expiry period of 5 years.

Related Party Transaction – Rule 4.6 Statement

The issue of warrants to Illiquid Assets Solutions Limited (‘IASL’) is a related party transaction as Gary Cottle and Grant Gischen, Directors of the Company, have an option to acquire 36% of the issued share capital of IASL (Guernsey). The Directors (excluding Gary Cottle and Grant Gischen) confirm that, having exercised reasonable care, skill and diligence, the related party transaction is fair and reasonable as far as the shareholders of the issuer are concerned.

Application for admission of the Further Subscription Shares to trading on Aquis

Application will be made for the 230,883,001 Further Subscription Shares, which will rank pari passu with the existing ordinary shares in issue, to be admitted to trading on the Aquis Growth Market (‘Admission’). Dealings are expected to commence on or around 23 January 2026.

Conditional on Admission of the 230,883,001 Further Subscription Shares, the Company’s issued ordinary share capital will be 487,932,742 ordinary shares of £0.001 each, all carrying voting rights. This figure may be used by shareholders as the denominator for determining whether they are required to notify the Company of an interest in, or a change to their interest in, the Company’s securities pursuant to the Company’s Articles.

Appointment of Aquis Corporate Adviser

The Company also announces the appointment of Guild Financial Advisory Limited as the Company’s Aquis Corporate Adviser with immediate effect and that the Ordinary Shares in the Company will be restored to trading on the Apex Segment of the AQSE Growth Market with effect from 08:00 a.m. on 21st January 2026.

Gary Cottle, Group CEO of Valereum Plc, commented:

‘Today marks a fundamental turning point for Valereum. With this transaction, we’re not just announcing a deal; we are activating an engine for growth. We have strategically swapped 49.9% of our company for $200m of fully verified asset backed notes, as well as $79.5m of cash ($15.9m for 5yrs). This transforms our financial foundation overnight. Valereum is now a cash-flow positive company with a robust balance sheet. This complete recapitalisation removes funding risk and provides the stable, recurring capital we need to relentlessly execute our vision for AI-driven Tokenisation, and the digital asset ecosystem, where we will accelerate our partnerships, and build substantial, lasting value.’

James Bannon, Chair of Valereum Plc, adds:

‘I’d like to personally thank my team, in particular Gary and Pieter, for their tireless work on this transformative deal. We’ve arrived at a position where we are de-risked and have removed the burden of ongoing fundraising. My main focus is now towards the US-listing and supporting the team as we continue to change the face of fintech.’

Pieter Scholz, Managing Director of QGP, comments:

‘Our extensive due diligence confirmed our conviction in Valereum’s vision and team. We’re committing as a long-term partner because we see a clear path to market leadership. We are not just investors in this transaction; we are providing the financial architecture to power what will be a momentous journey ahead, fully aligned with every shareholder.’

For further information, please contact:

Valereum Plc

Karl Moss

Tel: +44 7938 767319

Investor Hub

Fortified Securities

Guy Wheatley

Tel: +44 203 4117773

Aquis Corporate Adviser

Guild Financial Advisory Limited

Ross Andrews

E: ross.andrews@guildfin.co.uk

The Directors of the Company accept responsibility for the contents of this announcement.

Please visit the Company’s website at www.vlrm.com

For more information, and the chance to have your questions directly answered by the management team, please head to our interactive investor hub via: Investor Hub.

IMPORTANT NOTICES

The Company holds cryptocurrencies or crypto assets in its treasury. Whilst the Board of Directors of the Company considers holding cryptocurrencies to be in the best interests of the Company, the Board remains aware that the financial regulator in the UK (the Financial Conduct Authority or FCA) considers investment in cryptocurrencies to be high risk. At the outset, it is important to note that an investment in the Company is not an investment in cryptocurrencies, either directly or by proxy and shareholders will have no direct access to the Company’s holdings. However, the Board of Directors consider cryptocurrencies to be an appropriate store of value and potential growth and therefore appropriate for the Company. Accordingly, the Company is and intends to continue to be materially exposed to cryptocurrencies.

The Company is neither authorised nor regulated by the FCA, and the purchase of certain cryptocurrencies are generally unregulated in the UK. As with most other investments, the value of cryptocurrencies can go down as well as up, and therefore the value of the Company’s cryptocurrencies holdings can fluctuate. The Company may not be able to realise its cryptocurrencies holdings for the same as it paid to acquire them or even for the value the Company currently ascribes to its cryptocurrencies positions due to market movements. Neither the Company nor investors in the Company’s shares are protected by the UK’s Financial Ombudsman Service or the Financial Services Compensation Scheme.

Cryptocurrencies may present special risks to the Company’s financial position. These risks include (but are not limited to): (i) the value of cryptocurrencies can be highly volatile, with value dropping as quickly as it can rise. Investors in cryptocurrencies must be prepared to lose all money invested in cryptocurrencies; (ii) the cryptocurrencies market is largely unregulated. There is a risk of losing money due to risks such as cyber-attacks, financial crime and counterparty failure; (iii) the Company may not be able to sell its cryptocurrencies at will. The ability to sell cryptocurrencies depends on various factors, including the supply and demand in the market at the relevant time. Operational failings such as technology outages, cyber-attacks and commingling of funds could cause unwanted delay; and (iv) crypto assets are characterised in some quarters by high degrees of fraud, money laundering and financial crime. Prospective investors in the Company are encouraged to do their own research before investing.

Source

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Europe should be happy President Donald Trump was elected — despite his threats to take Greenland — because without him, it would never have stepped up for its own defense, according to NATO Secretary-General Mark Rutte. 

‘I’m not popular with you now because I’m defending Donald Trump, but I really believe you can be happy that he is there because he has forced us in Europe to step up, to face the consequences that we have to take care of more of our own defense,’ Rutte said Wednesday in remarks at Davos, Switzerland.

‘No way, without Donald Trump, this would never have happened. They’re all on 2% now,’ he went on during a panel at the World Economic Forum. 

In 2014, NATO allies agreed to spend 2% of GDP on defense, but many fell short until recent years. With the Russian invasion of Ukraine and Trump’s threats not to defend NATO countries, most allies are meeting or exceeding the benchmark. 

They’ve now agreed to spend 5% GDP on defense and national security infrastructure.

‘I’m absolutely convinced without Donald Trump you would not have taken those decisions, and they are crucial, particularly for the European and the Canadian side of NATO to really grow up in the post-Cold War world.’

U.S. lawmakers previously criticized Rutte for his own country’s underspending on defense. Rutte was prime minister of the Netherlands from 2010 to 2024. 

Rutte argued the U.S. is still committed to Europe’s defense, and the nuclear umbrella is the ultimate defense guarantee.

‘The Americans still have over 80,000 soldiers in Europe … including in Poland and Germany, and so they are still heavily invested in European defense. And yes, they have to pivot more towards Asia. So it is only logical for them to expect us, Europe, to step up over time,’ he said.

He also added Greenland is not the ‘main issue’ and Europe should not let it distract from Ukraine’s defense. 

‘The risk here is that we focus, of course, on Greenland, because we have to make sure that issue gets solved in an amicable way,’ he said. ‘But the main issue is not Greenland. Now, the main issue is Ukraine. I’m also a little bit worried that we might drop the ball focusing so much on these other issues.’

‘This focus on Ukraine should be our top priority,’ he said. ‘Ukraine has to come first because it is crucial to our European and American security.’

Rutte repeatedly has praised Trump, in June calling him ‘daddy’ of the NATO alliance. 

‘Daddy has to sometimes use strong language to get them to stop,’ he said in reference to fighting between Israel and Iran.

Other European leaders have expressed more concern about Trump’s Greenland ambitions. On Wednesday Trump, for the first time, ruled out taking Greenland by force. 

Danish Prime Minister Mette Frederiksen has said a U.S. takeover of Greenland would mean the ‘end of NATO,’ the nearly 80-year-old defense alliance. 

Trump spoke at the Davos, Switzerland, conference Wednesday after threatening Europe with tariffs over the Greenland dispute.

This week the president told Norwegian Prime Minister Jonas Gahr Støre in a text message he ‘no longer thinks purely of peace’ in his desire to own Greenland.

Trump wrote: ‘Dear Jonas: Considering your Country decided not to give me the Nobel Peace Prize for having stopped 8 Wars PLUS, I no longer feel an obligation to think purely of Peace, although it will always be predominant, but can now think about what is good and proper for the United States of America.’

‘I have done more for NATO than any other person since its founding, and now, NATO should do something for the United States,’ Trump wrote. ‘The World is not secure unless we have Complete and Total Control of Greenland.’


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Sen. Tim Kaine, D-Va., has time and again pushed to rein in President Donald Trump’s war authorities, but he has rarely gone to the same lengths for his own party’s presidents.

Kaine’s argument has stayed fairly consistent over the years that Congress should reassert its constitutional authority and decision-making in the run-up to a military conflict. And he has either led or joined several pushes over Trump’s non-consecutive terms in office to corral his war powers.

But he never pulled the same kind of move under former Presidents Barack Obama or Joe Biden, causing Republicans to question whether his desires are politically motivated or genuine.

There was not a single war powers resolution filed in the Senate during Obama’s time in office, but Kaine did push back on his expansive use of drones in the Middle East.

‘I have been as consistent as I can be, because I really got in the way of President Obama when he wanted to use military action in Syria without congressional authorization,’ Kaine said. ‘And I told him, you know, ‘You’re like my friend. But this is, you know, a basic principle for me.’’

His latest push to curb future military action in Venezuela without congressional approval nearly succeeded in the Senate but ultimately was killed through a rare procedural move coupled with an intense pressure campaign from Trump, his administration and Senate Republican leaders.

Before the first vote, which saw five Republicans peel from their colleagues to advance the resolution, Senate Majority Whip John Barrasso, R-Wyo., contended that Kaine’s latest push ‘does not reassert Congress’ powers.’

‘There are Democrats in this chamber who are using the arrest of Nicolás Maduro not to advance American interests, but to attack President Trump,’ Barrasso said.

And building off Barrasso’s sentiment was a broader argument from several Republicans, and top officials like Secretary of State Marco Rubio, who charged that Kaine’s push was moot given that there were no boots on the ground in Venezuela and that the administration has no future plans for military action.

Republicans who may have been on the verge of supporting Kaine’s push argued that without a plan to beat an almost guaranteed veto from Trump, it was nothing more than a messaging tactic.

‘It’s a messaging exercise, and I think that you’d have more credibility if, at least, you had some elements, like boots on the ground to justify it,’ Sen. Thom Tillis, R-N.C., told Fox News Digital.

‘I mean, if somebody’s serious about getting something done, if you sit down with me and say, ‘I can get the 67 votes, so I have a veto-proof majority, and this is how I’m going to do it,’ that impresses me,’ he continued.

Dating back to Trump’s first term in office, Kaine has either introduced or supported seven war powers resolutions. Each of those pushes — four of which he led — were all directed toward reining in Trump’s military authority and reasserting Congress’ oversight role.

However, he rejected two of three Republican-led war powers pushes during Biden’s presidency, and notably, voted for the same procedural move used to kill his own Venezuela resolution to nix another from Sen. Ted Cruz, R-Texas, in 2024.

Cruz’s war powers resolution sought to curb Biden’s war authority as he pushed for the creation of a temporary pier on the coast of Gaza to deliver aid to the country.

Kaine argued there was a stark difference between humanitarian missions and military action in explaining his vote against Cruz’s resolution.

‘That was because building a humanitarian pier is not hostilities, right? If that’s hostilities, the U.S. going to do tsunami relief is hostilities,’ Kaine said.

‘But you know what we’re doing in Venezuela is hostilities,’ he continued. ‘It’s not building a pier for humanitarian aid. So, that was why I said the definition of hostility should not apply to humanitarian acts, OK? And I firmly believe that, and I’d vote for that under presidents of either party.’

Still, Republicans countered that Kaine’s own war powers resolution was similarly void because there were no active or planned hostilities in the region.

‘It’s pretty clear, war powers only applies if you’ve got boots on the ground,’ Sen. Mike Rounds, R-S.D., told Fox News Digital. ‘We don’t have boots on the ground in those locations that he’s talking about. And so I’m not sure what the reasoning is, but it appears to me to be unnecessary, and it certainly does not deserve to be privileged.’

Kaine has no intention of relenting on his war powers pursuit while Trump is in office and noted last week that he would file resolution after resolution to take a hammer to the cracks forming in the GOP’s mostly unified resistance against questioning the president’s war authorities.

That decision has not surprised many Republicans.

‘I mean, he’s a Democrat, so he’s going to try and do messaging,’ Tillis said. ‘I understand that — we do the same stuff.’


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Treasury Secretary Scott Bessent lashed out at California Gov. Gavin Newsom on Wednesday, calling him ‘economically illiterate’ and accusing him of prioritizing elite global gatherings over the state’s mounting fiscal, housing, and homelessness crises.

Speaking at the World Economic Forum in Davos, Switzerland, Bessent used the high-profile meeting to deliver a blistering critique of Newsom’s economic record and leadership.

‘I was told he was asked to give a speech on his signature policies, but he’s not speaking because what have his economic policies brought? Outward migration from California, a gigantic budget deficit, the largest homeless population in America, and the poor folks in the Palisades who had their homes burned down,’ the Treasury secretary said.

‘He is here hobnobbing with the global elite while his California citizens are still homeless. Shame on him. He’s too smug, too self-absorbed, and too economically illiterate to know anything.’

Bessent also responded to Newsom’s characterization of him as a ‘smug man,’ saying the governor ‘strikes me as Patrick Bateman meets Sparkle Beach Ken,’ referring to the fictional serial killer from ‘American Psycho’ and the flamboyant doll character from ‘Barbie.’

‘[He] may be the only Californian who knows less about economics than Kamala Harris. He’s here this week with his billionaire sugar daddy, Alex Soros, and Davos is the perfect place for a man who, when everyone else was on lockdown, when he was having people arrested for going to church, he was having $1,000 a night meals at the French Laundry,’ he added. ‘And I’m sure the California people won’t forget that.’

The Cabinet official said the administration would also move to address what he called ‘waste, fraud and abuse’ in the state.

Newsom, who is in Switzerland attending the Davos summit, struck back at the White House on Tuesday by directing his criticism at President Donald Trump and his remarks about acquiring Greenland.

‘America’s allies and business leaders need to understand this: There’s no diplomacy with Donald Trump. Get off your knees and grow a spine,’ he wrote on X.

Trump claims that Europe is

He told reporters on the sidelines of the annual meeting later that Trump is a ‘T. rex.’ ‘You mate with him or he devours you. One or the other,’ Newsom said.

‘It’s time to stand tall and firm. Have a backbone. I can’t take this complicity — people rolling over,’ he added. ‘From an American perspective, it’s embarrassing.’


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