Author

admin

Browsing
NEWYou can now listen to Fox News articles!

Former President Joe Biden doubled down on his use of an autopen on Wednesday, insisting that he was in control of the White House during his term in office.

President Donald Trump ordered an investigation into Biden’s administration, alleging that top officials used autopen signatures to cover up the former president’s cognitive decline.

‘I made the decisions about the pardons, executive orders, legislation, and proclamations. Any suggestion that I didn’t is ridiculous and false,’ Biden said in a statement.

‘This is nothing more than a distraction by Donald Trump and Congressional Republicans who are working to push disastrous legislation that would cut essential programs like Medicaid and raise costs on American families, all to pay for tax breaks for the ultra-wealthy and big corporations,’ he added.

Trump called on Attorney General Pam Bondi to open investigations into top Biden officials on Wednesday, arguing they may have conspired to deceive the public about his mental state and exercised presidential authority through the autopen use.

Trump wrote in a Wednesday memo that the U.S. president has a tremendous amount of power and responsibility through his signature. Not only can the signature turn words into laws of the land, but it also appoints individuals to some of the highest positions in government, creates or eliminates national policies and allows prisoners to go free.

‘In recent months, it has become increasingly apparent that former President Biden’s aides abused the power of Presidential signatures through the use of an autopen to conceal Biden’s cognitive decline and assert Article II authority,’ Trump wrote. ‘This conspiracy marks one of the most dangerous and concerning scandals in American history. The American public was purposefully shielded from discovering who wielded the executive power, all while Biden’s signature was deployed across thousands of documents to effect radical policy shifts.’

‘Given clear indications that President Biden lacked the capacity to exercise his Presidential authority, if his advisors secretly used the mechanical signature pen to conceal this incapacity, while taking radical executive actions all in his name, that would constitute an unconstitutional wielding of the power of the Presidency, a circumstance that would have implications for the legality and validity of numerous executive actions undertaken in Biden’s name,’ he added.

House Republicans, led by Oversight Committee Chairman James Comer, launched an investigation earlier last month aimed at determining whether Biden, who was in declining health during the final months of his presidency, was mentally fit to authorize the use of the autopen. Comer said last week he was ‘open’ to dragging Biden before the House to answer questions about the matter if necessary. 

Fox News’ Greg Wehner contributed to this report


This post appeared first on FOX NEWS

In the Biblical book of First Kings, Yahweh’s prophet Elijah challenged 450 pagans to a spiritual showdown on Mount Carmel in northern Israel. The stakes were high: whom would the Jewish people worship, Yahweh or Baal? Since the victors wrote the book, you can probably guess who won.

Some three millennia later, with the publication of Karl Marx’s three-volume Das Kapital, communism and capitalism began a similarly high-stakes contest for the soul of the world. Like Elijah and the prophets of Baal, these two competing systems brought irreconcilable spiritual roots to the fight. But can we say yet who won?

Regarding the soul of communism, to the extent it can be said to have one, it is the philosophy of atheism. Marx was an avowed atheist, though some of his writings also suggest surprising antipathy towards God. Seizing on this fact, at least one author has alleged Marx was a closet Devil worshipper. The consensus view, of course, is that he simply rejected belief in the divine. If he was an instrument of evil (not a stretch considering his quantifiable impact on the world), it must have been as an unwitting dupe.

One also finds evidence of communism’s atheistic heart in the implacable war that Marxist regimes in the Soviet Union, Maoist China, North Korea, and Cambodia waged against religious beliefs in their own people. Even today, after having scuttled the most economically dysfunctional aspects of Marxism, the Chinese Communist Party continues to oppress independent Christians and has imprisoned over a million Uyghur Muslims in reeducation camps.

Capitalism, on the other hand, while espousing no specific religious creed, first grew from a matrix of Christian cultures in Europe. In The Protestant Ethic and the Spirit of Capitalism, German sociologist Max Weber argues that this was not happenstance, but that the ethic of spiritual struggle and growth embedded in Protestant Christianity found a worldly analog in the capitalist economic model.

Additionally, Christianity’s view of the individual as the center of worth and agency also makes it a natural fit for the capitalist system. While the New Testament holds deep concern for the poor—in either spirit or pocketbook—the remedy it proposes is not collective command but individual love. Assets can, and often should, be given away, but as in the Old Testament, thou shalt not steal. Private property is just part of the Bible’s anthropology.

Today, over a century has passed since the ideological battle between communism and capitalism was joined by the publication of Marx’s massive, angry trilogy, one written from personal penury in the domed reading room of London’s British Museum. 

During that span, capitalist economies have elevated their people’s material well-being more than any other system in human history. In her own hefty (and refreshingly un-angry) three-volume masterwork, capped in 2016 by Bourgeois Equality, economist Deirdre McCloskey credits the intellectual paradigm shift of capitalism with a “Great Enrichment” that lifted average living standards more than 30-fold in two centuries, a period unlike any the world had seen before.

Peter McNamara credits McCloskey with demonstrating that “…commerce cultivates a certain set of virtues, consisting of highly modified Aristotelian virtues spliced together with the Christian virtues of faith, hope, and love. The ‘Bourgeois Deal’ undergirding the Great Enrichment is truly an economic and moral winner.”

On the other side of the scorecard, societies that embraced Marx’s system have left behind memories such as a 96-mile wall built to trap people in their own homeland, long lines of shoppers unable to purchase basic consumer goods, and a perverse moral ecology in which thought police crowded ideological dissenters into concentration camps which one brilliant inmate, Aleksandr Solzhenitsyn, styled a “Gulag Archipelago.”

Which of these two systems works best? 

There is only one rational answer. Nonetheless, the ideological struggle between communism and capitalism is not over. That’s because it actually goes back much further than Karl Marx or even the prophet Elijah. In the book of Genesis, the serpent convinces Eve to eat forbidden fruit, saying it will make her like God. Chasing this utopian vision, humanity’s parents lost paradise.

Like the serpent, communists say they can engineer utopia if only everyone aligns with the plan. Such a beautiful end justifies any amount of spilled blood.

Capitalists, on the other hand, are realists, understanding that mankind cannot perfect itself. This has been proven as consistently as the law of gravity. Better to have a system that accepts fallen human nature while endowing people with the freedom to struggle and better themselves as they see fit. The resulting individual growth aggregates into not only freer societies but wealthier ones, as the United States continues proving decades after the Soviet Union, once communism’s best hope, crumbled away.

In March, Florida Governor Ron DeSantis told lawmakers they have his full support to end property taxes statewide. 

“Taxpayers need relief,” DeSantis said. “You buy a home, you pay off the mortgage, and yet you still have to write a check to the government every year just for the privilege of living on your own private property… Is the property yours, or are you just renting it from the government?”

“You should own your property free and clear… I think to say that someone that’s been in their house for 35 years has to keep owing the government money, you know…you don’t own your home, if that’s the case.”

The Governor then described buying a flat-screen TV and then having to continue making tax payments on it. 

“That’s not how we do things,” he said. “It’s like, ok, if you’re going to tax something, tax it at the transaction, and then let people actually enjoy their private property, free and clear of the government. So that, I think, is the vision. That’s the philosophical insight.”

The most critical line is the last one: is it truly your property if you risk losing it to the government? Is this a “property tax” or a rent payment you make to the state to keep a roof over your head?

Philosophically, property taxes are arguably one of the most dishonorable taxes established in the modern world, not unique to the United States, as they are implemented in the vast majority of global legislations. Based on sources like Tax Foundation or Immigrant Invest, only a small handful of countries — approximately 175 to 185, over 90 percent globally — have some form of property tax, with the few exceptions typically being tax havens, principalities, or petrodollar monarchies like the United Arab Emirates. These are the exception, not the norm.

At the federal level in the United States, it is impossible to enact legislation to eliminate or dismantle this tax, which is why the governor of Florida is attempting to do it in his State. 

But he faces several legal, jurisdictional, and budgetary hurdles.

The Budgetary Hurdles

Economically, several aspects would need to be reconsidered before advancing such a measure. 

According to reports, property taxes in Florida generate $55 billion annually, funding 73 percent of school budgets and a significant portion of local services. Eliminating them would require alternative revenue sources for the government or, preferably, massive cuts in public spending. DeSantis has suggested that Florida should generate more revenue from tourism and reduce spending. While this sounds appealing — like Elon Musk’s chainsaw — it would still fall short of balancing the budget and would require political commitment from local leaders to move in this direction.

The state of Florida has experienced a real estate boom driven by mass migration from states like New York and California to the Sunshine State, which has driven up housing prices and, consequently, property taxes. According to a Redfin report, between 2019 and 2024, the average tax bill in Jacksonville and Tampa increased by nearly 60 percent, while in Miami and Fort Lauderdale, it grew by 48 percent. Statewide, the median property tax rose by 47.5 percent during the same period, according to CoreLogic.

On average, Florida homeowners pay about $2,338 per year in property taxes, with a state effective rate of 0.80 percent of the assessed value, though this varies by county. For example, in Miami-Dade, the average is $2,756 for properties valued between $350,000 and $400,000 (1.01 percent rate), while in Broward, it’s $3,305 for homes with a median value of $346,000 (0.95 percent rate). Although property insurance is not legally required by state law, homeowners are practically obligated to obtain it, as mortgage lenders and condominium or HOA regulations mandate it. The average property insurance premium in the state is $4,419 per year due to risks like hurricanes and increasing requirements such as flood insurance. Thus, Florida homeowners may end up spending over $6,500 annually to maintain a roof over their heads.

The Legal and Jurisdictional Hurdles

The great challenge for the Republican governor is to successfully promote legislation that aligns all local governments and reconciles their budgets, or at the very least, advances an agenda that creates a collaborative plan among various authorities with a common goal, as property taxes in Florida are collected by local governments, something DeSantis acknowledges.

“Property taxes are local, not state,” he said. “So, we’d need to do a constitutional amendment (requires 60 percent of voters to approve) to eliminate them (which I would support) or even to reform or lower them.” 

The problem lies in the fact that state spending has grown so much that many governments no longer know how to survive without high tax rates, imposing burdens on every transaction you make. This would require not only a massive economic adjustment but also a political responsibility that is difficult to achieve.

Currently, it seems challenging — indeed, nearly impossible — for such a proposal to move forward, especially in local governments dependent on these taxes. Therefore, one path the governor could take is to propose a constitutional amendment to strip local governments of their authority over property taxes, though this would require 60 percent of the vote to pass.

At the moment, support in the Florida Congress is divided, with Speaker Daniel Pérez, also a Republican, opposing DeSantis’s agenda. This has led the governor of Florida to declare that there are factions within the Republican Party in the state that have been co-opted by the left and are unwilling to cut spending and taxes, a problem that appears to be present at the federal level as well.

Other States Have Tried

Florida is not the only state that has embarked on a crusade against property taxes; other Republican-majority states have attempted to end this burden on homeowners. 

At least five states have tried in recent years to abolish this tax for citizens. However, most proposals consistently fall short, generally for the same reasons: budgetary deficits. 

In North Dakota, voters rejected Measure 4, fearing that the loss of $1.3 billion annually would harm schools and local services. In Michigan, the AxMiTax initiative failed to collect the required 446,000 signatures for the ballot, facing opposition due to the lack of a plan to replace $14 billion in revenue, including $2.5 billion for schools. In Nebraska, the Legislative Bill 388 stalled over concerns about budget cuts and the regressive impact of new consumption taxes. In Texas, a non-binding proposal gained Republican support but did not advance due to unaddressed budgetary concerns, as did Wyoming’s House Bill 203, which was rejected by the House of Representatives. 

Essentially, a national debate has emerged about the need to abolish property taxes, but the excessive growth of local and state budgets has, for now, made it an impossible mission to reach agreements to eliminate this burden on taxpayers. 

It appears challenging for any legislative proposal to move forward without first restructuring public spending. Nevertheless, it is a significant achievement that several states have initiated an open discussion on this issue, and that one of the leading political figures in the United States, like Governor Ron DeSantis, has highlighted property taxes as an extortionate burden on citizens, preventing taxpayers from retiring with dignity.

NEWYou can now listen to Fox News articles!

President Donald Trump called on Attorney General Pam Bondi to lead an investigation into whether certain individuals working for former President Joe Biden conspired to deceive the public about his mental state while also exercising his presidential responsibilities by using an autopen.

In a memo on Wednesday, Trump said the president of the U.S. has a tremendous amount of power and responsibility through the signature. Not only can the signature turn words into laws of the land, but it also appoints individuals to some of the highest positions in government, creates or eliminates national policies and allows prisoners to go free.

‘In recent months, it has become increasingly apparent that former President Biden’s aides abused the power of Presidential signatures through the use of an autopen to conceal Biden’s cognitive decline and assert Article II authority,’ Trump wrote. ‘This conspiracy marks one of the most dangerous and concerning scandals in American history. The American public was purposefully shielded from discovering who wielded the executive power, all while Biden’s signature was deployed across thousands of documents to effect radical policy shifts.’

He continued, saying Biden had suffered from ‘serious cognitive decline’ for years, and the Department of Justice (DOJ) recently concluded that Biden should not stand trial, despite clear evidence he broke the law, because of his mental state.

‘Biden’s cognitive issues and apparent mental decline during his presidency were even ‘worse’ in private, and those closest to him ‘tried to hide it’ from the public,’ Trump said. ‘To do so, Biden’s advisors during his years in office severely restricted his news conferences and media appearances, and they scripted his conversations with lawmakers, government officials, and donors, all to cover up his inability to discharge his duties.’

Still, during the Biden presidency, the White House issued over 1,200 Presidential documents, appointed 235 judges to the federal bench and issued more pardons and commutations than any administration in U.S. history, Trump said.

The president wrote about Biden’s decision just two days before Christmas 2024, to commute the sentences of 37 of the 40 most dangerous criminals on federal death row, including mass murderers and child killers.

‘Although the authority to take these executive actions, along with many others, is constitutionally committed to the President, there are serious doubts as to the decision-making process and even the degree of Biden’s awareness of these actions being taken in his name,’ Trump wrote. ‘The vast majority of Biden’s executive actions were signed using a mechanical signature pen, often called an autopen, as opposed to Biden’s own hand. This was especially true of actions taken during the second half of his Presidency, when his cognitive decline had apparently become even more clear to those working most closely with him.

‘Given clear indications that President Biden lacked the capacity to exercise his Presidential authority, if his advisors secretly used the mechanical signature pen to conceal this incapacity, while taking radical executive actions all in his name, that would constitute an unconstitutional wielding of the power of the Presidency, a circumstance that would have implications for the legality and validity of numerous executive actions undertaken in Biden’s name,’ he added.

The memo goes on to call for an investigation that addresses if certain individuals, who are not named in the document, conspired to deceive the American public about the former president’s mental state and ‘unconstitutionally’ exercised the president’s authority and responsibilities.

Specifically, Trump called on the attorney general’s investigation to look at any activity that purposefully shielded the public from information about Biden’s mental and physical health; any agreements between his aides to falsely deem recorded videos of Biden’s cognitive ability as fake; and any agreements between Biden’s aides to require false, public statements that elevated the president’s capabilities.

The investigation will also look at which policy documents the autopen was used for, including clemency grants, executive orders, and presidential memoranda, as well as who directed Biden’s signature to be affixed to those documents.

Trump said last week that he thinks Biden did not really agree with many of his administration’s lax border security policies, instead suggesting that those surrounding the former president took advantage of his declining faculties and utilized the autopen to pass radical directives pertaining to the border.

House Republicans, led by Oversight Committee Chairman James Comer, launched an investigation earlier last month aimed at determining whether Biden, who was in declining health during the final months of his presidency, was mentally fit to authorize the use of the autopen. Comer said last week he was ‘open’ to dragging Biden before the House to answer questions about the matter if necessary. 

Fox News Digital’s Alec Schemmel contributed to this report.


This post appeared first on FOX NEWS

Infinity Lithium Corporation Limited (‘Infinity’, or ‘the Company’) is pleased to announce that it has engaged a drilling contractor and has committed to testing the exciting CST (Comstock) gold-silver prospect (the CST Prospect) within the Cobungra Project (EL 7073) in July. Cobungra is located within the Lachlan Fold Belt in NE Victoria and was recently acquired by Infinity from Highland Resources Limited (ASX announcement 31 March 2025) as part of the Company’s transition to a focus on precious metals in Australia.

KEY POINTS

  • Drilling contractor contracted, drilling set to commence early July.
  • Exploration will test high priority CST Prospect (gold-silver) at Cobungra.
  • Undrilled geophysical target with coincident high-grade gold rock chip samples.
  • Gold focus in Australia the immediate priority to enhance company value going forward.

Infinity has moved quickly to commit to drill testing its recently acquired gold-silver-copper Projects and expand its holding of high-grade gold exploration ground within the Victorian portion of the rich Lachlan Fold Belt (Figure 1).

CST Prospect, Cobungra Project

The CST Prospect is located along strike (approx. 2,000m) from the previously drilled (5 holes) Forsyth Prospect also located within EL7073 which returned high-grade gold and silver intercepts including 5.35m @ 4.7g/t gold (Au), 334 g/t silver (ag) from 143m (ASX release dated 31 March 2025). Gold and silver mineralisation at both the Forsyth and CST Prospects is interpreted to be related to the Ensay Shear which is a laterally continuous structure running NW-SE through the tenement. Along strike, approx. 5km to the SE, is the proximal to the +300,000 oz Au Cassilis gold deposit (319,500 oz Au deposit JORC 2012, ABA Resources https://www.abaresources.com.au/portfolio.php). The Company believes that the strike of the Ensay Shear is a prospective exploration horizon.

The CST Prospect (Comstock) is an obvious and exciting initial drilling priority as Infinity targets precious metals in Australia. The CST Prospect presents an excellent drill target based on some historic gold-silver workings with a programme of rock chip sampling and geophysical surveying (I.P) 2013-2014 identifying coincident anomalies. These will be drilled in a small, first-pass drill campaign (approximately 6 holes for 800m). The CST Prospect has never been drilled and this is a first pass drilling campaign designed to identify further priority targets and areas of geological interest.

There are at least seven quartz vein-type gold (silver) lodes distributed in the CST Prospect Mineral Occurrence, with traced length of 20m~80m and width of 0.1m~2.0m. These lodes are nearly parallel, strike NNE and dip to SEE at a dip angle of 65°~80° (Figure 2). These lodes are interpreted to be ‘tension gashes’ running oblique within the dominant NW-SE striking Ensay Shear.

Refer to ASX release 31 March 2025 “Infinity Acquires Gold Projects”. Infinity is not aware of any new information that materially affects the information included in this announcement

Click here for the full ASX Release

This post appeared first on investingnews.com

/NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES/

finlay minerals ltd. (TSXV: FYL) (OTCQB: FYMNF) (‘Finlay’ or the ‘Company’) is pleased to announce that due to strong investor interest it has increased the size of its non-brokered private placement (the ‘ Private Placement ‘), previously announced on May 26, 2025 to raise up to $1,700,000 . The Private Placement will consist of the issuance of any combination of: (i) common shares of the Company to be issued on a flow-through basis under the Income Tax Act ( Canada ) (each, a ‘ FT Share ‘) at a price of $0.11 per FT Share, and (ii) non-flow-through units of the Company (each, a ‘ NFT Unit ‘) at a price of $0.10 per NFT Unit, for aggregate gross proceeds to the Company of up to $1,700,000 . The Private Placement is subject to a minimum offering amount of $500,000 to be raised through any combination of FT Shares and NFT Units.

Finlay Minerals Ltd. logo (CNW Group/Finlay Minerals Ltd.)

The Company also announces that it will use the gross proceeds from the issuance of FT Shares to incur ‘Canadian exploration expenses’ that qualify as ‘flow-through critical mineral mining expenditures’, as such terms are defined in the Income Tax Act ( Canada ).

Each NFT Unit will be comprised of one non-flow-through common share of the Company (each, a ‘ NFT Share ‘) and one non-flow-through common share purchase warrant (a ‘ Warrant ‘). Each Warrant will be exercisable by the holder thereof to acquire one NFT Share at an exercise price of $0.20 per NFT Share for a period of two years from the date of issuance of the Warrant (the ‘ Warrant Expiry Date ‘), subject to acceleration. The Warrant Expiry Date may, at the Company’s sole discretion, be accelerated if at any time following the Closing Date (as defined herein), the common shares of the Company trade at a daily volume-weighted average trading price above $0.30 per common share for a period of 30 consecutive trading days on the TSX Venture Exchange (the ‘ TSXV ‘) or on such other stock exchange where the majority of the trading occurs (the ‘ Trading Target ‘) and the Company provides notice to the Warrant holders by way of press release announcing that such Trading Target has been achieved, provided that the accelerated expiry date of the Warrants falls on the earlier of (unless exercised by the holder prior to such date) (the ‘ Accelerated Expiry Date ‘): (i) the 30th day after the Company provides notice to the Warrant holders of its intention to accelerate the Warrant Expiry Date; and (ii) the Warrant Expiry Date. The failure of the Company to give notice in respect of a Trading Target will not preclude the Company from giving notice of any subsequent Trading Target. All Warrants that remain unexercised following the Accelerated Expiry Date shall immediately expire and all rights of holders of such Warrants shall be terminated without any compensation to such holders.

The Company intends to use the gross proceeds of the Private Placement for exploration of the Company’s SAY, JJB and Silver Hope properties, and for general working capital purposes, as more particularly described in the amended and restated offering document.

Subject to compliance with applicable regulatory requirements, the Private Placement is being conducted pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 – Prospectus Exemptions and in reliance on the Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption . The securities issued to purchasers in the Private Placement will not be subject to a hold period under applicable Canadian securities laws. There is an amended and restated offering document related to the Private Placement that can be accessed under the Company’s profile at www.sedarplus.ca and on the Company’s website at www.finlayminerals.com . Prospective investors should read this amended and restated offering document before making an investment decision.

The closing of the Private Placement is expected to occur on or about June 9, 2025 (the ‘ Closing Date ‘). The closing of the Private Placement is subject to certain closing conditions, including the approval of the TSXV. The Company may pay finder’s fees in cash and securities to certain arm’s length finders engaged in connection with the Private Placement, subject to the approval of the TSXV.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or in any other jurisdiction in which such offer, solicitation or sale would be unlawful. The securities have not been registered under the United States Securities Act of 1933 , as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements thereunder.

About finlay minerals ltd.

Finlay is a TSXV company focused on exploration for base and precious metal deposits through the advancement of its ATTY, PIL, JJB, SAY and Silver Hope Properties; these properties host copper-gold porphyry and gold-silver epithermal targets within different porphyry districts of northern and central BC. Each property is located in areas of recent development and porphyry discoveries with the advantage of hosting the potential for new discoveries.

Finlay trades under the symbol ‘FYL’ on the TSXV and under the symbol ‘FYMNF’ on the OTCQB. For further information and details, please visit the Company’s website at www.finlayminerals.com

On behalf of the Board of Directors,

Robert F. Brown ,
Executive Chairman of the Board & Director

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

Forward-Looking Information: This news release includes certain ‘forward-looking information’ and ‘forward-looking statements’ (collectively, ‘forward-looking statements’) within the meaning of applicable Canadian securities legislation. All statements in this news release that address events or developments that we expect to occur in the future are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, although not always, identified by words such as ‘expect’, ‘plan’, ‘anticipate’, ‘project’, ‘target’, ‘potential’, ‘schedule’, ‘forecast’, ‘budget’, ‘estimate’, ‘intend’ or ‘believe’ and similar expressions or their negative connotations, or that events or conditions ‘will’, ‘would’, ‘may’, ‘could’, ‘should’ or ‘might’ occur. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Forward-looking statements in this news release include statements regarding, among others, the terms and completion of the Private Placement, raising the minimum and maximum amounts of the Private Placement, the payment of finder’s fees and issuance of finder’s securities, the anticipated closing date and the planned use of proceeds for the Private Placement. Although Finlay believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include the ability to obtain regulatory approval for the Private Placement, the state of equity markets in Canada and other jurisdictions, market prices, exploration successes, and continued availability of capital and financing and general economic, market or business conditions. These forward-looking statements are based on a number of assumptions including, among other things, assumptions regarding general business and economic conditions, the timing and receipt of regulatory and governmental approvals, the ability of Finlay and other parties to satisfy stock exchange and other regulatory requirements in a timely manner, the availability of financing for Finlay’s proposed transactions and programs on reasonable terms, and the ability of third-party service providers to deliver services in a timely manner. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements,   and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein. Finlay does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future or otherwise, except as required by applicable law.

SOURCE finlay minerals ltd.

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/June2025/04/c0526.html

News Provided by Canada Newswire via QuoteMedia

This post appeared first on investingnews.com

Exploring for gold is a costly endeavor that often comes with great risks, especially for junior mining companies.

These small-scale companies are faced with the challenge of locating a metal that is extremely rare, and even if they do find it, they need to ensure gold is present in economically viable quantities.

That’s where the use of satellite imagery and remote sensing comes in. Using satellite systems scanning for gold helps explorers survey land without having to invest heavily in equipment or develop on-site infrastructure.

What was the original Landsat system?

When the first Landsat satellite was launched in 1972, geologists used sensors to collect simple data, such as surface features. They were able to get clues on potential mineral deposits beneath the surface, and could use the data for mapping. However, since then, imaging sensor technology has undergone rapid advancements that have allowed explorers to collect increasingly more useful data.

The very first sensors used on satellites were problematic, mainly because of their poor spectral resolution and inadequate spectral coverage. These limitations rapidly changed in the early 1980s with the launch of Landsat 4 and 5, which carried the Thematic Mapper scanning system. The system added coverage of the short-wave infrared and mid-infrared regions of the spectrum.

The Thematic Mapper scanning system is still used as an exploration tool, but newer satellites have been launched with better spectral resolution and accuracy when determining surface mineralogy.

Satellites are now fitted with hyperspectral sensors that identify materials without having to view them in person. Spectral data is collected by aircraft and satellites using infrared, near-infrared, thermal-infrared and short-wave technology. Geologists can use this data to pick out rock units and find clues about subsurface deposits of minerals, oil and gas and groundwater.

The technology in satellite systems has advanced to the point where they can be used to identify and map not only individual mineral species, but also chemical variations within the molecular structure of the crystal lattice of the mineral.

The resolution of sensors on satellites can’t be compared to aircraft spectral remote sensors, but these satellites do come with other advantages. For example, gold-prospecting satellite systems are able to collect more data from larger areas without having to fly any aircraft over the land of interest.

What are the benefits of satellite imagery in mineral exploration?

With the ability to determine texture and type from miles above the ground, locating, analyzing, identifying and mapping the composition of the Earth’s surface is now greatly advanced. Here are a few benefits of using satellites for detecting gold in mineral exploration.

Lower costs and risks

Satellite imagery helps reduce the cost of surveying land due to the fact that on-site personnel and equipment aren’t needed. Explorers can instead use a number of data sources to draw valuable insights for potential projects. This is especially helpful for juniors that have to justify risks to gather financing or begin operations.

Value across the lifecycle

Geospatial data is critical to mineral exploration, but it can also be applied to all phases of the mining lifecycle. Satellite images can be used to inform activities like building mine infrastructure or anticipating risks that are linked to a site’s geography. The relatively low cost and high utility of satellite imagery makes it a versatile technology for explorers.

Data abundance

The advancement of sensor technologies has allowed companies to combine valuable satellite data with other information sources like drone mapping, feasibility studies and historical data about geographical sites.

Satellite imagery also helps gather data that otherwise wouldn’t be attainable due to challenges in topography or climate. Diversifying information sources and increasing the sheer amount of available data means miners and scientists can gather new insights through their analysis.

Companies are also able to feed these large data sets into artificial intelligence and machine learning tools that assist with pattern recognition and dataset interpretation, speeding up target identification.

Satellite imagery certainly isn’t the only tool available to explorers, but it serves as an excellent complement to more accurate and resource-intensive technologies like LiDAR, GPS surveying and unmanned aerial vehicles.

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

This post appeared first on investingnews.com

The top nickel producing countries list has been shaken in recent years by Indonesia’s rapid rise to the top, beating the Philippines and New Caledonia.

Demand for nickel is mounting. Stainless steel accounts for the vast majority of nickel demand, but electric vehicle (EV) batteries represent a growing application for the base metal as the shift toward a greener future gains steam.

But while nickel’s long-term outlook appears bright, it may face headwinds in the short term. Nickel prices have been trending down since breaking US$20,000 per metric ton in May 2024 as weak usage coincides with strong output from top producer Indonesia.

What other dynamics are affecting nickel supply? If you’re interested in getting exposure to the market, you should be aware of the factors at play. To get you started, here’s a look at the top nickel-producing countries.

Top nickel production by country

This list of the top nickel-producing countries breaks down operations and news affecting the world’s top nickel countries in recent years. Figures are based on the US Geological Survey 2025 Mineral Commodity Summary.

1. Indonesia

Nickel production: 2.2 million metric tons

Indonesia’s produced a whopping 2.2 million metric tons of nickel in 2024, accounting for more than 50 percent of global output. Claiming first place for production by a long shot, Indonesia is a prime example of a country wanting to get in on the exploding market for nickel. Indonesia also hosts 55 million metric tons of nickel reserves.

Indonesia’s output of the base metal has grown tremendously from its 2017 production of 345,000 metric tons. The nation is actively building out its EV battery industry, and Indonesia’s close proximity to China, the world’s current leader in EV manufacturing, makes for an ideal setup. In May 2021, the country welcomed the commissioning of its first plant to process nickel for use in EV batteries.

‘In just three years, Indonesia has signed more than a dozen deals worth more than $15 billion for battery materials and EV production with global manufacturers,’ Euronews reported in early 2023.

Major auto maker Ford (NYSE:F) announced in December 2023 that it is taking a direct stake in the proposed US$3.8 billion Pomalaa battery nickel plant, which is planned to produce 120,000 MT of nickel annually using high pressure acid leaching technology.

Zhejiang Huayou Cobalt, one of the world’s largest nickel producers, has a 73.2 percent stake in the project, followed by Vale (NYSE:VALE) at 18.3 percent. Ford has agreed to an initial 8.5 percent interest, with an option to raise it to 17 percent. As of late 2024, Huayou is seeking out banks for roughly US$2.7 billion in financing.

The country’s nickel industry has seen several significant changes in 2025, with Indonesia responding to falling prices by significantly cutting its nickel mining quotas and announcing plans to introduce stricter environmental, social and governance practices in its resource industries.

2. Philippines

Nickel production: 330,000 metric tons

In 2024, the Philippines produced 330,000 metric tons of nickel. The country has been one of the top nickel-producing countries for quite some time, as well as a significant nickel ore exporter. Another country in close proximity to China, the Philippines currently has more than 30 nickel mines, including Rio Tuba, operated by Nickel Asia, one of the nation’s top nickel ore producers.

2023 was a big year for the country’s nickel mines as total production jumped from 345,000 to 413,000 MT. That surge was projected to continue as two of the Philippines’ biggest nickel producers, Nickel Asia and Global Ferronickel, were planning to invest about a combined US$2 billion to build new nickel-processing plants, Bloomberg reported.

However, many nickel miners in the Philippines were forced to reduce or halt production in 2024 as Indonesia’s production rates continue to flood the market, resulting in oversupply and declining prices, as per the US Geological Survey.

3. Russia

Nickel production: 210,000 metric tons

Russia produced 210,000 metric tons of nickel in 2024. Even though it holds the third spot on this list of the world’s top nickel producers, Russia has seen its nickel output drop from totals seen earlier this decade. In 2020, the nation’s nickel output totaled 283,000 metric tons.

Russia’s Norilsk Nickel is one of the world’s largest high-grade nickel and palladium producers. Nornickel’s flagship nickel asset is its Norilsk Division on the Taymyr Peninsula in Siberia, which includes multiple mines, concentrators and metallurgical plants. It also has assets in the Kola Peninsula in Northwest Russia.

In mid-2024, the United States and the United Kingdom joined forces to place a ban on Russian nickel imports.

4. Canada

Nickel production: 190,000 metric tons

Canada’s nickel production in 2024 totaled 190,000 metric tons, up significantly from 159,000 metric tons in 2023. The country’s Sudbury Basin is the second largest supplier of nickel ore in the world, and Vale’s Sudbury operation is located there.

Another key nickel producer in Canada is Glencore (LSE:GLEN,OTC Pink:GLCNF), which owns the Raglan mine in Québec and the Sudbury Integrated Nickel Operations in Ontario. The major miner’s Sudbury site includes the Nickel Rim South mine, the Fraser mine, the Strathcona mill and the Sudbury smelter.

Canada Nickel Company (TSXV:CNC,OTCQX:CNIKF) is advancing its Crawford nickel sulfide project toward a construction decision in 2025. In February 2024, the company announced plans to develop a US$1 billion nickel processing plant in Ontario, which once complete would be North America’s largest.

In 2025, Canadian steel and aluminum has become the subject of a 25 percent tariff imposed by the US Trump administration, which he increased to 50 percent in June.

Nickel metal originating from Canada is currently exempt under the Canada-US-Mexico Agreement that replaced NAFTA in July 2020 under Trump’s first administration, but the metal’s use in stainless steel could cause a trickle-down effect. Last year, Canada was the largest exporter of nickel to the United States, accounting for 46 percent of US nickel imports. That’s compared to 11 percent from the next biggest supplier, Norway.

5. China

Nickel production: 120,000 metric tons

China’s nickel production in 2024 was 120,000 metric tons, up slightly from 117,000 metric tons in the previous year. Nickel production in the Asian nation has remained relatively consistent in recent years. In addition to being a top nickel-producing country, China is the world’s leading producer of nickel pig iron, a low-grade ferronickel used in stainless steel. Jinchuan Group, a subsidiary of Jinchuan Group International Resources (HKEX:2362), is a large nickel producer in China.

With Indonesia’s surplus weighing on the market, China’s position as a major importer of the country’s nickel and a top producer of stainless steel means that it also influences nickel price dynamics.

6. New Caledonia

Nickel production: 110,000 metric tons

In 2024, New Caledonia produced 110,000 metric tons of nickel, down more than 52 percent from its output in the previous year. The economy of this French territory just off the coast of Australia depends heavily on its nickel mining industry and the price of nickel, but recently New Caledonia’s nickel industry has been plagued by rising energy costs and sociopolitical unrest.

In February 2024, major miner Glencore made the decision to shutter its Koniambo nickel mine and put it up for sale. The company cited high operating costs and a weak nickel market.

Given these circumstances, the French government has offered a 200 million euro bailout package for New Caledonia’s nickel industry. But the move hasn’t gone as planned, with trader Trafigura deciding not to contribute to the bailout of Prony Resources Nouvelle-Caledonie and the Goro mine, in which it has a 19 percent stake.

While the Goro mine remains operational, its future is still in limbo.

7. Australia

Nickel production: 110,000 metric tons

Australia produced 110,000 metric tons of nickel in 2024, a more than 26 percent drop from its output in 2023. One top miner in the country is BHP (NYSE:BHP,ASX:BHP,LSE:BHP) through its Nickel West division.

Australia’s largest nickel mines also include First Quantum Minerals’ (TSX:FM,OTC Pink:FQVLF) Ravensthorpe and Glencore’s Murrin Murrin. Low prices have wreaked havoc on nickel mining in the country, leading to reduced or sidelined operations at six different nickel facilities in the country starting in December 2023, including Ravensthorpe.

The situation was enough to prompt the Australian government to add nickel to its critical minerals list, which allows the country’s nickel industry to receive support through the government’s AU$4 billion Critical Minerals Facility.

Australia is the source of 8 percent of US nickel imports according to US Geological Survey data. As of late-April 2025, Australian nickel is not yet the subject of US import tariffs.

8. Brazil

Nickel production: 77,000 metric tons

Brazil’s nickel production came in at 77,000 metric tons in 2024, down nearly 7 percent from the previous year as producers grappled with a weaker market.

Major nickel mining operations in the country include Atlantic Nickel’s Santa Rita nickel-copper-cobalt sulfide mine in the state of Bahia. Anglo American (LSE:AAL,OTCQX:AAUKF) is set to sell its nickel portfolio in the country, including its Barro Alto mine, to MMG (OTC Pink:MMLTF,HKEX:1208) subsidiary MMG Singapore Resources for up to US$500 million in cash.

Centaurus Metals (ASX:CTM,OTCQX:CTTZF) is advancing the Jaguar nickel project in the Carajás mineral province. The project hosts a resource of 138.2 million MT at an average grade of 0.87 percent nickel, totaling 1.2 million MT of contained nickel. Jaguar was one of three mining projects selected by the Brazilian government to receive support in obtaining environmental licenses.

9. United States

Nickel production: 8,000 metric tons

Lastly, the United States produced 8,000 metric tons of nickel in 2024, representing a more than 50 percent decline from the national output in the previous year.

The Eagle mine is the only primary nickel-mining property in the US. The asset, located on the Yellow Dog Plains in the Upper Peninsula of Michigan, is a small, high-grade nickel-copper mine owned by Lundin Mining (TSX:LUN,OTC Pink:LUNMF). Output from the mine was exported to smelters in Canada and overseas.

Nickel is included on the US’ critical minerals list, and in September 2023, under the Defense Production Act, the US Department of Defense awarded US$20.6 million to Talon Metals (TSX:TLO,OTC Pink:TLOFF) for further exploration and mineral resource definition at its Tamarack nickel-copper-cobalt project in Minnesota.

An environmental review process is underway for the proposed Tamarack underground mine. The company plans to process ore from the mine at a proposed battery mineral processing facility in North Dakota. Talon has said it intends to initiate the permitting process for the facility in 2025.

FAQs for nickel production

How is nickel mined and processed?

How nickel is mined and processed depends upon many factors, such as the size, grade, morphology and depth of the nickel deposit that’s under consideration. While lateritic nickel deposits are generally mined from open pits via strip mining, sulfide nickel deposits are often mined using underground extraction methods.

After mining, nickel ore is processed into higher-grade concentrates through crushing and separating nickel-bearing material from other minerals using various physical and chemical processing methods. Next, the concentrates are smelted in a furnace before the final stage of refinement using pyrometallurgical and hydrometallurgical processes.

How bad is nickel mining for the environment?

Nickel mining involves serious environmental concerns, including air and water pollution, habitat destruction, community displacement, wildlife migration pattern disturbances, greenhouse gas emissions and carbon-intensive energy use. Nickel-mining companies looking to supply the EV market are feeling the pressure to lessen the environmental footprint of their operations.

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

This post appeared first on investingnews.com