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HIGHLIGHTS:

  • Production guidance of 50,000-55,000 oz gold
  • Cash Costs of $1,850-$1,950/oz gold and All In Sustaining Costs of $2,025-$2,125/oz gold
  • Pre-stripping of Veta Madre open pit expansion at La Colorada
  • $27M exploration program funded from operating cash flow

Heliostar Metals Ltd. (TSXV: HSTR,OTC:HSTXF) (OTCQX: HSTXF) (FSE: RGG1) (‘Heliostar’ or the ‘Company’) is pleased to provide production and cost guidance for 2026 as well as details of growth plans across the portfolio. The Company plans to produce 50,000-55,000 ounces of gold at by-product cash costs of $1,850-$1,950oz gold and a consolidated All-In Sustaining Cost (AISC) of $2,025-$2,125oz gold. Heliostar will utilize the cash generated from ongoing operations to continue to invest in exploration and growth initiatives across the Company’s portfolio, including advancement of the flagship Ana Paula development project towards production.

Project Category 2026 Guidance
La Colorada Mine
Gold Production (Ounces) 20,000-22,300
Silver Production (Ounces) 130,000-145,000
Cash Costs (per gold ounce)1,2 $1,650-$1,750
All-In Sustaining Cost (per gold ounce)1,2,3,4 $1,775-$1,875
San Agustin Mine
Gold Production (Ounces) 30,000-32,700
Silver Production (Ounces) 160,000-175,000
Cash Costs (per gold ounce)1,2 $2,000-$2,100
All-In Sustaining Costs (per gold ounce)1,2,3,4 $2,150-$2,250
Heliostar Consolidated
Gold Production (Ounces) 50,000-55,000
Silver sold (Ounces) 290,000-320,000
Cash Cost (per gold ounce)1,2 $1,850-$1,950
All-In Sustaining Costs (per gold ounce)1,2,3,4 $2,025-$2,125

 

  1. Cash costs and AISC are non-GAAP measures. Please refer to the ‘Non-GAAP Financial Measures’ section of this news release for further information on this measure.
  2. AISC is based on the World Gold Council definition.
  3. Mine site AISC includes only the portion of corporate G&A allocated to the operating mines. Consolidated G&A includes the aforementioned corporate G&A allocated to the operating mines plus all corporate stock-based compensation.
  4. Annual average exchange rate from all costs based on Mexican peso to US dollar (18 pesos per one dollar).

The La Colorada mine (‘La Colorada’) will continue to produce metals from processing Junkyard and other stockpiles with a focus on additional re-leaching opportunities at the operation. The San Agustin mine (‘San Agustin’) successfully resumed mining operations in December 2025 (see the press release dated December 17, 2025) and will continue mining, crushing, stacking and leaching activities to produce gold and silver through 2026 and beyond.

La Colorada

In 2026, the Company expects to produce 20,000-22,300 ounces of gold at an AISC of $1,775-$1,875 per ounce of gold. This will come from crushing and stacking stockpiles, including the Junkyard Stockpile ore, a portion of the Truckshop Stockpile and re-leaching opportunities.

Development of the Veta Madre open pit expansion project is planned to commence in early Q3. The Company plans to conduct pre-stripping of 11 million tonnes of waste in 2026 to access the 43,000 ounces of in-situ gold in reserves at Veta Madre starting in the first half of 2027. This is a key growth initiative that will drive increased production at the mine in 2027.

De-risking drilling of Veta Madre and Veta Madre Plus (a planned cutback and possible expansion, respectively) is ongoing. The results of this program will provide technical information for a refined pit design and may lead to additional mineral reserves. Heliostar has also budgeted for regional exploration beyond the main mine trend at La Colorada with the aim of unlocking the full geologic potential of the larger, under-explored land package. In addition, the Company has planned for a dedicated drill program in the second half of 2026 to investigate the underground potential below the existing open pits at La Colorada. Heliostar intends to invest up to $5.8M in resource development and exploration activities at La Colorada in 2026.

San Agustin

After successfully restarting open pit production in December 2025, the operation will produce at steady state through 2026 and beyond. The Company expects the mine to produce 30,000-32,700 ounces of gold at a site-level, by-product AISC of $2,150-$2,250 per ounce of gold. The increase in cost compared to that shown in the January 2025 Feasibility Study is driven by general inflation, higher contractor mining costs and allocation of corporate general and administrative costs.

Drilling focused on expanding the oxide reserves at the Corner Area and around the existing open pit is ongoing, with 13,000 metres budgeted in 2026. In addition, Heliostar has planned up to 5,000 metres of drilling to investigate the high-grade portions of the large, polymetallic sulphide deposit that sits both adjacent to and beneath the oxides currently being mined. Further, $2.0M has been earmarked for exploration of Heliostar’s claims across the district, including early-stage exploration of the silver-rich Consejo veins mapped at surface. The Company plans to invest up to $9.7M through this year to unlock the full geologic potential of the property.

Ana Paula

The ongoing 20,000 metre infill and expansion drill program at Ana Paula will continue through Q1 2026. Given the success to date, an additional 6,500 metres have been approved to continue to upgrade inferred material currently in the Preliminary Economic Assessment mine plan. Heliostar has commenced work to complete a Feasibility Study for Ana Paula, scheduled to be completed in the first half of 2027. This important milestone will fully define the construction and operating plans to develop a 100k ounce per year gold mine.

Heliostar plans to continue to advance the existing 412 metre production-scale decline into the Ana Paula deposit in 2026. This work is planned to start in Q3 and is part of a broader de-risking and early works program to support production at the mine in the second half of 2028. The completion of the decline will also provide a platform for underground drilling to continue to expand the Ana Paula deposit at depth and explore for the causative intrusion and potential mineralized contact skarn deposit.

In addition, $1.5M has been budgeted for early-stage, regional exploration at Ana Paula. This includes a drone magnetics survey, ground-based gravity survey, property-wide soil sampling and geologic mapping. The Ana Paula project sits on a largely unexplored 56,334ha land package – one of the largest in the prolific and highly prospective Guererro Gold Belt. In total, Heliostar plans to invest $6.6M in resource development and regional exploration at Ana Paula in 2026, in addition to the $15.0M required to extend the decline.

Other Properties

At Cerro del Gallo, Heliostar is advancing permitting discussions alongside active engagement with the local communities and social benchmarking surveys. The Company’s workplan includes an update of the geologic model to allow flotation trade-off testing, further metallurgical test work of the sulphide portion of the deposit and hydrological data collection.

Unga and San Antonio will see modest exploration and metallurgical programs, respectively.

The total planned exploration, development and study expenditure for these properties is $4.9M.

Statement of Qualified Persons

Gregg Bush, P.Eng., Qualified Person, as such term is defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects, has reviewed the scientific and technical information that forms the basis for this news release and has approved the disclosure herein. Mr. Bush is employed as Chief Operating Officer of the Company.

Non-GAAP Financial Measures

Management believes that the reported non-GAAP financial measures will enable certain investors to better evaluate the Company’s performance, liquidity, and ability to generate cash flow. These measures do not have any standardized definition under IFRS and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. Other companies may calculate these measures differently. Additional details of the Company’s calculation of Cash Costs and All-In Sustaining Costs can be found in the most recent MD&A.

About Heliostar Metals Ltd.

Heliostar is a gold producer with production from operating mines in Mexico. This includes the La Colorada Mine in Sonora and San Agustin Mine in Durango. The Company also has a strong portfolio of development projects in Mexico and the USA. These include the Ana Paula project in Guerrero, the Cerro del Gallo project in Guanajuato, the San Antonio project in Baja Sur and the Unga project in Alaska.

FOR ADDITIONAL INFORMATION PLEASE CONTACT:

Charles Funk
President and Chief Executive Officer
Heliostar Metals Limited
Email: charles.funk@heliostarmetals.com
Phone: +1 844-753-0045
Rob Grey
Investor Relations Manager
Heliostar Metals Limited
Email: rob.grey@heliostarmetals.com
Phone: +1 844-753-0045

 

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

Cautionary Statement Regarding Forward-Looking Information

This news release includes certain ‘Forward-Looking Statements’ within the meaning of the United States Private Securities Litigation Reform Act of 1995 and ‘forward-looking information’ under applicable Canadian securities laws. When used in this news release, the words ‘anticipate’, ‘believe’, ‘estimate’, ‘expect’, ‘target’, ‘plan’, ‘forecast’, ‘may’, ‘would’, ‘could’, ‘schedule’ and similar words or expressions, identify forward-looking statements or information. These forward-looking statements or information relate to, among other things, the Company’s plans, prospects and business strategies; the Company’s guidance on the timing and amount of future production and its expectations regarding the results of operations; the completion of additional studies, including and the Feasibility Study for Ana Paula; exploration and metallurgical programs; and expectations for other economic, business, and/or competitive factors.

Forward-looking statements and forward-looking information relating to the terms and completion of the Facility, any future mineral production, liquidity, and future exploration plans are based on management’s reasonable assumptions, estimates, expectations, analyses and opinions, which are based on management’s experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect. Assumptions have been made regarding, among other things, the receipt of necessary approvals, price of metals; no escalation in the severity of public health crises or ongoing military conflicts; costs of exploration and development; the estimated costs of development of exploration projects; and the Company’s ability to operate in a safe and effective manner and its ability to obtain financing on reasonable terms.

These statements reflect the Company’s respective current views with respect to future events and are necessarily based upon a number of other assumptions and estimates that, while considered reasonable by management, are inherently subject to significant business, economic, competitive, political, and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements or forward-looking information and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: precious metals price volatility; risks associated with the conduct of the Company’s mining activities in foreign jurisdictions; regulatory, consent or permitting delays; risks relating to reliance on the Company’s management team and outside contractors; risks regarding exploration and mining activities; the Company’s inability to obtain insurance to cover all risks, on a commercially reasonable basis or at all; currency fluctuations; risks regarding the failure to generate sufficient cash flow from operations; risks relating to project financing and equity issuances; risks and unknowns inherent in all mining projects, including the inaccuracy of reserves and resources, metallurgical recoveries and capital and operating costs of such projects; contests over title to properties, particularly title to undeveloped properties; laws and regulations governing the environment, health and safety; the ability of the communities in which the Company operates to manage and cope with the implications of public health crises; the economic and financial implications of public health crises, ongoing military conflicts and general economic factors to the Company; operating or technical difficulties in connection with mining or development activities; employee relations, labour unrest or unavailability; the Company’s interactions with surrounding communities; the Company’s ability to successfully integrate acquired assets; the speculative nature of exploration and development, including the risks of diminishing quantities or grades of reserves; stock market volatility; conflicts of interest among certain directors and officers; lack of liquidity for shareholders of the Company; litigation risk; and the factors identified under the caption ‘Risk Factors’ in the Company’s public disclosure documents. Readers are cautioned against attributing undue certainty to forward-looking statements or forward-looking information. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or forward-looking information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements or information, other than as required by applicable law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/280186

News Provided by Newsfile via QuoteMedia

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House Democratic Leader Hakeem Jeffries, D-N.Y., directed some heated remarks at a Trump administration Cabinet official whose department has been dominating headlines in recent weeks.

‘What is clear is that Kristi Noem is completely and totally unqualified. She should have never been confirmed by Senate Republicans,’ Jeffries said of the Department of Homeland Security (DHS) secretary during a Monday press conference. ‘It’s disgraceful that she’s there. She should be run out of town as soon as possible.’

Criticism against Noem, DHS, and Immigrations and Customs Enforcement (ICE) has intensified on the left in the wake of a deadly ICE-involved shooting in Minneapolis last week.

An ICE agent shot and killed a U.S. citizen, 37-year-old Renee Nicole Good, who allegedly presented a threat to ICE agents as they attempted to conduct enforcement operations. Partisan fissures have since erupted over which side was acting improperly when the deadly incident occurred.

‘Kristi Noem, the Department of Homeland Security and ICE, they’re totally out of control. And the American people want these extremists to be reined in,’ Jeffries said on Monday.

He said Good ‘should be alive today’ and accused both Noem and the ICE agent who shot Good of a ‘depraved indifference toward human life.’

Video of last week’s incident appears to show Good’s car making contact with the ICE agent who shot her before he opened fire. Arguments have since raged over whether she was deliberately getting in the way or even weaponizing her car, or whether she was trying to drive away.

Federal officials like Noem have defended the agent as acting in self-defense while accusing Good of trying to actively impede ICE activity in the Democrat-controlled city.

Democrats, including Minneapolis Mayor Jacob Frey and Minnesota Gov. Tim Walz, have accused ICE and Republican officials of stoking fear and tension in the city while demanding the federal government cease current operations there immediately.

Now Democrats in Congress have been threatening to withhold support from funding DHS unless significant reforms are made — a threat Jeffries alluded to during his press conference.

‘What’s in front of us right now is a spending bill that will go either one of two ways. Either Republicans will continue their my-way-or-the-highway approach as it relates to the Homeland Security bill — and if that happens, then it’s going to be on them to figure out a path forward,’ Jeffries began.

‘Alternatively, particularly in the face of the tragedy…there’s some commonsense measures that need to be put in place so that ICE can conduct itself in a manner that is at least consistent with every other law enforcement agency in the United States of America, at the state, local and federal level.’

The deadline to finish federal funding and avert a partial government shutdown is at the end of day on Jan. 30.

Fox News Digital reached out to DHS for a response.

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A bipartisan group of lawmakers is introducing a bill aimed at restricting any unauthorized military action by President Donald Trump, amid growing debate over his comments about acquiring Greenland ‘one way or the other.’

Rep. Bill Keating, D-Mass., is leading the legislation along with Reps. Steny Hoyer, D-Md., Brendan Boyle, D-Pa., and Don Bacon, R-Neb., according to POLITICO.

‘This is about our fundamental shared goals and our fundamental security, not just in Europe, but in the United States itself,’ Keating said in a statement to the outlet.

The group involved in the effort is soliciting broader support for the legislation and say they hope additional Republicans will back the effort to restrict funding for any unauthorized military action against U.S. allies.

In a letter to colleagues, Keating said ‘this legislation takes a clear stand against such action and further supports NATO allies and partners,’ according to POLITICO.

While the measure does not specifically name any specific countries, it is clearly in response to Trump’s repeated threats against Greenland.

Keating said the decision to omit Greenland’s name was meant to broaden the legislation’s focus. He said he met with the Danish Ambassador and the head of Greenland representation.

‘This isn’t just about Greenland. This is about our security,’ Keating said.

Keating also said he believes slashing funding is the most impactful way to disincentivize Trump administration officials from taking action.

‘War powers are important, but we’ve seen with Democratic and Republican presidents that that’s not as effective,’ he said. ‘It’s hard to get around having no funds or not allowing personnel to do it.’

This comes after the Senate advanced a bipartisan resolution last week that would limit Trump’s ability to conduct further attacks against Venezuela after the U.S. military’s recent move to strike the country and capture its president, Nicolás Maduro. The Upper Chamber could pass the measure later this week, although its future in the House remains uncertain despite some support from Republicans.

On Greenland, administration officials are openly weighing options such as military force to take the Danish territory, a move that would violate NATO’s Article V, which states that an attack on one member is an attack on all of them and could end the alliance of more than 75 years.

‘We are going to do something on Greenland, whether they like it or not,’ Trump said on Friday. ‘Because if we don’t do it, Russia or China will take over Greenland, and we’re not going to have Russia or China as a neighbor.’

Greenland Prime Minister Jens-Frederik Nielsen and four party leaders reaffirmed last week that the self-governing island has no interest in becoming part of the U.S.

‘We don’t want to be Americans, we don’t want to be Danes, we want to be Greenlanders,’ the leaders said, adding that Greenland’s ‘future must be decided by the Greenlandic people.’

Danish Prime Minister Mette Frederiksen, French President Emmanuel Macron, German Chancellor Friedrich Merz, British Prime Minister Keir Starmer, as well as the leaders of Italy, Spain and Poland, also signed a letter stating: ‘Greenland belongs to its people. It is for Denmark and Greenland, and them only, to decide on matters concerning Denmark and Greenland.’

The chance of expanding U.S. control over Greenland has drawn mixed reactions from Congress. While most Democrats have opposed the idea, some Republicans have voiced support for pursuing closer ties with the territory.

Rep. Randy Fine, R-Fla., who introduced legislation to make it the 51st U.S. state, although he said the best way to acquire Greenland is voluntarily.

‘I think it is in the world’s interest for the United States to exert sovereignty over Greenland,’ Fine told Fox News Digital.

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Former special counsel Jack Smith will testify in a hearing before the House Judiciary Committee next week, giving Republican and Democratic lawmakers on the panel a chance to grill him in a public setting on his prosecutions of President Donald Trump.

Smith will appear before the committee on Jan. 22, one month after he sat for a closed-door deposition with the committee and testified for eight hours about his special counsel work, a source familiar told Fox News Digital.

Smith had long said he wanted to speak to the committee publicly, and although Chairman Jim Jordan, R-Ohio, first demanded the deposition, the chairman also said an open hearing was on the table.

Smith investigated Trump and brought two indictments against him over the 2020 election and alleged retention of classified documents. Trump pleaded not guilty and aggressively fought the charges, and Smith dropped both cases when Trump won the 2024 election, citing a Department of Justice policy that discourages prosecuting sitting presidents.

In a public hearing, House lawmakers will be able to question Smith in five-minute increments, whereas in the deposition, each party questioned Smith in one-hour sessions. Politico first reported that Smith would appear for a hearing sometime this month.

Smith gave little new information during his initial meeting with the committee and defended his work.

‘I made my decisions in the investigation without regard to President Trump’s political association, activities, beliefs, or candidacy in the 2024 presidential election,’ Smith said, according to a transcript of the deposition. ‘We took actions based on what the facts, and the law required, the very lesson I learned early in my career as a prosecutor.’

Smith said he followed DOJ policy when his team made the controversial decision to subpoena numerous Republican senators’ and House members’ phone records as part of his 2020 election probe. Smith noted the subpoenas sought a narrow set of data.

‘If Donald Trump had chosen to call a number of Democratic senators [to delay the election certification proceedings], we would have gotten toll records for Democratic senators. So responsibility for why these records, why we collected them, that’s — that lies with Donald Trump,’ Smith said.

The Republicans have said the subpoenas were unconstitutional violations of the speech or debate clause, and they have broadly said the Biden DOJ abused its authority by bringing, in their view, politicized criminal charges against a former president and presidential candidate.

Trump, who has long decried Smith as a ‘thug’ and said he belongs in jail, has said he welcomes Smith at a public hearing.

Asked about Smith’s appearance next week, a representative for Smith provided a statement from one of his lawyers, Lanny Breuer.

‘Jack has been clear for months he is ready and willing to answer questions in a public hearing about his investigations into President Trump’s alleged unlawful efforts to overturn the 2020 election and his mishandling of classified documents,’ Breuer said.

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As protests spread across Iran and the government responds with lethal force, amid increasing reports claiming thousands have been killed, a growing question is being debated by analysts and Iranians alike: Is the Islamic Republic facing its most serious threat since the 1979 revolution, or does it still retain enough coercive power to survive?

For Mehdi Ghadimi, an Iranian journalist who spent decades protesting the regime before being forced to leave the country, this moment feels fundamentally different from anything that came before.

‘From 1999, when I was about fifteen, until 2024, when I was forced to leave Iran, I took part in every street protest against the Islamic Republic,’ Ghadimi told Fox News Digital. ‘For roughly half of those years, I supported the reformist movement. But after 2010, we became certain that the Islamic Republic is not reformable, that changing its factions is a fiction.’

According to Ghadimi, that realization gradually spread across Iranian society, culminating in what he describes as a decisive shift in the current unrest.

‘For the first time in the 47 years of struggle by the Iranian people against the Islamic Republic, the idea of returning to the period before January 1979 became the sole demand and the central point of unity among the people,’ he said. ‘As a result, we witnessed the most widespread presence of people from all cities and villages of Iran in the streets, on a scale unprecedented in any previous protests.’

Ghadimi claimed the chants on the streets reflected that shift. Instead of demanding economic relief or changes to dress codes, protesters openly called for the fall of the Islamic Republic and the return of the Pahlavi dynasty.

‘At that point, it no longer seemed that we were merely protesting,’ he said. ‘We were, in fact, carrying out a revolution.’

Still, Ghadimi was clear about what he believes is preventing the regime’s collapse.

‘The answer is very clear,’ he said. ‘The government sets no limit for itself when it comes to killing its own people.’

He added that Tehran appears reassured by the lack of consequences for its actions. ‘It has also been reassured by the behavior of other countries that if it manages to survive, it will not be punished for these blatant crimes against humanity,’ he said. ‘The doors of diplomacy will always remain open to them, even if their hands are stained with blood.’

Ghadimi described how the regime cut off internet access to disrupt coordination between protesters and opposition leadership abroad. He said that once connectivity was severed, the reach of video messages from the exiled Prince Reza Pahlavi dropped dramatically.

While Iranian voices describe a revolutionary moment, security and policy experts caution that structural realities still favor the regime.

Javed Ali, an associate professor at the Gerald R. Ford School of Public Policy, said the Islamic Republic is facing far more serious threats to its grip on power than in years past, driven by a convergence of military, regional, economic and diplomatic pressures.

‘The IRGC is in a much weaker position following the 12-day war with Israel last summer,’ Ali said, citing ‘leadership removals, ballistic missile and drone capabilities that were used or damaged, and an air and radar defense network that has been significantly degraded.’

Ali said Iran’s regional deterrence has also eroded sharply. ‘The so-called Axis of Resistance has been significantly weakened across the region,’ he said, pointing to setbacks suffered by Hamas, Hezbollah, the Houthis and Shiite militias allied with Tehran.

Internally, Ali said demographic pressure is intensifying the challenge. ‘Iran’s younger population is even more frustrated than before with deteriorating economic conditions, ongoing social and cultural restrictions and repeated violent crackdowns on dissent,’ he said.

Ali also pointed to shifting external dynamics that are limiting Tehran’s room to maneuver, including what he described as a stronger U.S.-Israel relationship tied to the Netanyahu-Trump alliance. He added that there are ‘possible joint operations already underway to support the protest movement inside Iran.’

Israeli security sources, speaking on background, said Israel has no such interest in intervening in a way that would allow Tehran to redirect domestic unrest outward.

‘Everyone understands it is better to sit and wait quietly and not attract the fire toward Israel,’ one source said. ‘The regime would like to make this about Israel and the Zionist enemy and start another war to repress internal protests.’

‘It is not Israel against Iran,’ the source added. ‘We recognize that the regime has an interest in provoking us, and we do not want to contribute to that.’

The source said a collapse of the Islamic Republic would have far-reaching consequences. ‘If the regime falls, it will affect the entire Middle East,’ the official said. ‘It could open a new era.’

Ali said Iran is increasingly isolated diplomatically. ‘There is growing isolation from Gulf monarchies, the fall of Assad in Syria and only muted support from China and Russia,’ he said.

Despite those pressures, Ali cautioned that Iran’s coercive institutions remain loyal.

‘I think the IRGC, including Basiji paramilitary elements, along with the Ministry of Intelligence, are still loyal to the regime out of a mix of ideology, religion, and self-interest,’ he said, citing ‘power, money and influence.’

Whether fear of collapse could drive insiders to defect remains unclear. ‘Whether there are insiders willing to flip because of a sense of imminent collapse of the clerical structure is hard to know,’ Ali said.

He placed the probability of an internal regime collapse at ‘25% or less,’ calling it ‘possible, but far less probable.’

For now, Iran appears caught between two realities: a population increasingly unified around the rejection of the Islamic Republic, and a security apparatus still willing to use overwhelming force to preserve it.

As Ali noted, pressure alone does not bring regimes down. The decisive moment comes only when those ordered to enforce repression decide it is no longer in their interest to do so.

Despite the scale of unrest, Ghadimi cautioned that the outcome remains uncertain.

‘After these four hellish days, without even knowing the fate of our friends and loved ones who went into the streets, or whether they were alive or not, it is truly difficult for me to give you a clear assessment and say whether our revolution is now moving toward victory or not,’ he said.

He recalled a message he heard repeatedly before leaving Iran, across cities and social classes.

‘The only thing I consistently heard was this: ‘We have nothing left to lose, and even at the cost of our lives, we will not retreat one step from our demand for the fall of the Islamic Republic,’’ Ghadimi said. ‘They asked me to promise that now that I am outside Iran, I would be their voice.’

‘That spirit is what still gives my heart hope for victory,’ he added. ‘But my mind tells me that when mass killing carries no punishment, and when the government possesses enough bullets, guns and determination to suppress it, even if it means killing millions, then victory would require a miracle.’

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Former President Bill Clinton has been summoned to appear on Capitol Hill Tuesday morning, as Republicans threaten a possible criminal referral if the ex-commander-in-chief skips out.

He and former Secretary of State Hillary Clinton have both been subpoenaed to appear before the House Oversight Committee for separate closed-door depositions for the panel’s investigation into Jeffrey Epstein.

Clinton was scheduled to appear Tuesday morning at 10 a.m., but it’s not clear whether he will do so. The deposition is expected to move forward regardless.

A spokeswoman for the committee told Fox News Digital on Friday that neither had confirmed their scheduled dates at that point.

‘The Clintons have not confirmed their appearances for their subpoenaed depositions. They are obligated under the law to appear, and we expect them to do so. If the Clintons do not appear at their depositions, the House Oversight Committee will initiate contempt of Congress proceedings,’ the spokeswoman said.

Both Clintons were originally scheduled to appear before the committee in October, but their deposition dates were postponed while the panel was in talks with their attorneys.

Their deposition dates were delayed again when House Oversight Committee Chairman James Comer, R-Ky., was informed the former first couple would be attending a funeral.

‘They’re saying now that he’s going to a funeral on that day, so we’ve been going back and forth with the lawyer,’ Comer told Fox News Digital in December. ‘We’re going to hold him in contempt if he doesn’t show up for his deposition.’

The House Oversight Committee would need to advance a contempt resolution before it’s considered by the entire chamber. If a simple majority votes to hold someone in contempt of Congress, a criminal referral is then traditionally made to the Department of Justice.

A criminal contempt of Congress charge is a misdemeanor that carries a punishment of up to one year in jail and a maximum $100,000 fine if convicted.

In the absence of mutually agreed-upon new dates, new subpoenas were issued for Bill and Hillary Clinton to appear on Jan. 13 and Jan. 14, respectively.

They were two of 10 people who Comer initially subpoenaed in the House’s Epstein investigation after a unanimous bipartisan vote directed him to do so last year.

Clinton was known to be friendly with the late pedophile before his federal charges but was never implicated in any wrongdoing related to him.

Fox News Digital reached out to the Clintons’ lawyer and Bill Clinton’s spokesperson to ask whether he would appear Tuesday, but did not receive a response.

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Sydney, Australia (ABN Newswire) – BPH Energy Limited (ASX:BPH) announced that it has received binding commitments from new and existing sophisticated investors to raise approximately $1.2 million (before costs) (‘Placement’). The Placement will comprise the issue of 134,222,222 new fully paid ordinary shares (‘Placement Shares’) in the Company at an issue price of $0.009 per share. The Placement Shares will be issued pursuant to the Company’s existing placement capacity under ASX Listing Rule 7.1 and 7.1A.

HIGHLIGHTS

– Binding commitments received to raise approximately $1.2 million through a Placement at $0.009 per share

– Placement participants will receive 1 Attaching Option for each New Share subscribed for under the Placement, exercisable at $0.03 per share, with an expiry date being the same as the Options to be issued under the Options Prospectus dated 2 December 2025

– BPH funded to execute its next phase of hydrocarbon and Cortical Dynamics investments

– The Federal Court hearing for the PEP-11 judicial review application is scheduled for February 20 and 23, 2026

Placement participants will receive 1 free Attaching Option for each Placement Share subscribed for under the Placement, exercisable at $0.03 each with an expiry date being the same as the options to be issued under the Options Prospectus dated 2 December 2025 (‘Attaching Options’).

Oakley Capital Partners Pty Limited (‘Oakley Capital’) and 62 Capital Limited (’62 Capital’) acted as Joint Lead Managers for the Placement. Oakley Capital and 62 Capital will be paid a cash fee of 6% on funds raised under the Placement and an aggregate of 33,555,555 Broker Options (‘Broker Options’) on the same terms as the Attaching Options.

The Attaching Options and Broker Options will be issued on the same day as the Options to be issued under the Options Prospectus and the Company intends to apply for quotation of the Options subject to the Company meeting ASX quotation requirements.

Commenting on the capital raising, Executive Director Mr David Breeze said:

‘We are pleased to have received strong support in the Placement. The funding allows BPH to accelerate the exploration programs to unlock the potential on our gas projects especially with the current gas supply crisis as well as assist the next phase of associate Cortical Dynamic Limited’s expansion. The funding also leaves BPH well-placed ahead of the Federal Court hearing for the PEP-11 judicial review scheduled for February 20 and 23, 2026, where the PEP-11 Joint Venture will seek to overturn the Federal Government’s rejection of the PEP-11 permit extension’

USE OF FUNDS

The proceeds raised under the Placement provide BPH with an enhanced cash position to fund its hydrocarbon projects and to assist in the continued development of Cortical Dynamics.

The intended use of funds will be for:

– $0.85 million – Funding for exploration and development of oil and gas investments

– $0.1 million – For working capital including costs of the offer

– $0.25 million – Funding for Cortical Dynamics

PLACEMENT DETAILS

The Placement offer price of $0.009 per share represents a 18.2% discount to BPH’s last price of $0.0011 per share on Thursday, 8 January 2026, and a 7.8% discount to the 15-day VWAP of $0.00976 per share.

Settlement of the Placement is expected to be completed on or around 14 January 2026.

A total of 12,259,551 Placement Shares, 134,222,222 free Attaching Options, and 33,555,555 Broker Options (pro rata to their management of the Placement) will be issued under ASX Listing Rule 7.1. A total of 121,962,671 Placement Shares will be issued under ASX Listing Rule 7.1A.

The Attaching Options and Broker Options will be issued following the close of the Offer under the Options Prospectus dated 2 December 2025.

Placement Shares will rank equally with existing fully paid ordinary shares.

The Company will issue a supplementary Options Prospectus as soon as possible.

About BPH Energy Limited:

BPH Energy Limited (ASX:BPH) is an Australian Securities Exchange listed company developing biomedical research and technologies within Australian Universities and Hospital Institutes.

The company provides early stage funding, project management and commercialisation strategies for a direct collaboration, a spin out company or to secure a license.

BPH provides funding for commercial strategies for proof of concept, research and product development, whilst the institutional partner provides infrastructure and the core scientific expertise.

BPH currently partners with several academic institutions including The Harry Perkins Institute for Medical Research and Swinburne University of Technology (SUT).

Source:
BPH Energy Limited

Contact:
David Breeze
admin@bphenergy.com.au
www.bphenergy.com.au
T: +61 8 9328 8366

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