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Clear Commodity Network CEO and Mining Stock Daily host Trevor Hall opened his talk at the Vancouver Resource Investment Conference (VRIC) with a strong message: It is still possible to go broke in a bull market.

“I want to start with the simple but uncomfortable truth: most investors don’t lose money in bear markets,” he said.

“They lose it in bull markets. Bear markets are honest. Liquidity disappears; prices fall. Risk is obvious, and fear keeps people cautious. Bull markets, on the other hand, are deceptive.”

According to Hall, bull markets feed the idea that everything is working well.

Charts and spreadsheet data convince investors and business owners that it is the perfect time to make big decisions, making this the phase of the cycle where moves are based on impulse.

“Rising prices get confused with good business, compelling stores get confused with durable assets. Bull markets don’t expose bad ideas immediately; they carry, and that’s why the damage is so severe when cycles turn.”

For short, people get too excited, focusing on the potential weight of what they can earn soon without realizing how much they could lose in the long run.

Supercycle review

Ultimately, what is needed is a shift in mindset. Hall specified that the first point that has to be recognised is that bull markets do not mean that everyone is making money.

“High prices produce a false sense of security. They made marginal assets look competitive,” he said. “They mask permitting challenges, metallurgy issues, infrastructure gaps in management, weaknesses and too much capital changed too many projects simply because the spreadsheet said it works. Investors have need to learn from that in today’s market.”

Momentum is not directly proportional to skill, and government involvement does not eliminate risk.

He cited 2011 as the last super cycle that created enormous opportunities, but also created enormous mistakes.

At the time, companies jumped into spending on huge projects and capital expenditure blowout, not accounting for returns.

Some companies also lost control and went all in on mergers and acquisitions, while developers “pursued production growth for the sake of growth.”

The sector focused on volume, therefore burning investors. The market funded every project that screams as economic at high spot prices.

This lack of discipline led to over a decade’s worth of rebuilding mining credibility.

Now, the sector has changed. This time, companies that generate durable margins, stick to realistic timelines, manage risk and focus on humility will be rewarded.

It’s all in discipline.

Advice for companies

Hall specified certain aspects he believes investors who have learned from the super cycle are now looking for. We summarised them into five points:
  • Concrete de-risk plans with achievable milestones
  • Strict capital discipline, especially on operating and construction costs
  • Management teams with experience in leadership, permitting, engineering and community relations
  • Productive offtakes

“Capital is no longer betting solely on geology. It’s betting on execution,” the CEO stated. “Investors want to see alignment with users, so institutional investors are screening for policy alignment projects that strengthen domestic supply chains, support energy security and fit federal or state strategic priorities.”

Above all, across all this is transparency. Hall said that it is a must and called it “the new currency of trust in this sector.”

Advice for investors

“Many deposits look promising, far fewer have teams capable of construction and operations,” Hall said, adding that while high metal prices do help the sector, they also encourage a wave of marginal projects that do not deserve capital.

Maintaining high standards amidst high prices is vital. He advised investors to ask the following questions before making decisions:

  • Does the project work within conservative price limits or not? Does it have structural advantages?
  • Does it have grade, jurisdiction, scale and production cost?
  • Does the project matter? Does it solve a supply deficit?
  • Does it serve a strategic need, or is it simply additive but unnecessary?
  • Can management actually build it?

Making the right moves

Hall likened his industry recommendations to that of a chess game: make decisive moves and manage risks. It’s not just about what’s in front of you; it’s how you can win.

The industry is entering a new era where the investment cycle is not only driven by numbers and market forces, but by strategic necessity.

It is also the first time in decades that government capital, institutional capital and private capital are moving in the same direction, posing bigger opportunities.

Companies must learn to listen and execute to remain in the game for the next decade of resource development, and investors should come into the space with clear expectations.

“I think the ultimate word is check your discipline, because your discipline and your expectations need to be in line and more in tune than ever before,” Hall told companies.

“And for investors out there listening, you have to remember this: bull markets don’t make people rich by default; they reveal who already have the discipline.”

Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.

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Senate Judiciary Committee Chairman Chuck Grassley and Sen. Amy Klobuchar introduced a bipartisan measure to crack down on money laundering by increasing penalties and ensuring laws apply to systems used by drug traffickers and terrorists.

Grassley, R-Iowa, and Klobuchar, D-Minn., introduced the ‘Combating Money Laundering, Terrorist Finance and Counterfeiting Act’ Friday to enhance criminal money laundering statutes.

The bill would update counterfeiting laws to prohibit state-of-the-art counterfeiting methods and increase penalties for bulk cash smuggling.

The bill would also ensure money laundering laws apply to informal value transfer systems that are often used by drug traffickers and terrorists.

The introduction of the bill comes as Trump administration officials warn that hostile actors, like cartels and terrorists, are funding operations through complex financial channels across the U.S. border. 

Grassley and Klobuchar also said the bill would prohibit the cross-border shipment of blank checks for the purpose of evading reporting requirements.

‘Criminal enterprises and terrorist organizations depend on ill-begotten cash to carry out their dark deeds. As money laundering methods have evolved over time, so must the government’s efforts to exact justice,’ Grassley said, adding that their bill would ensure law enforcement ‘has the tools they need to track down dirty money, hold criminals accountable and prevent further crimes.’

Klobuchar added that as criminals and terrorist organizations ‘develop new methods to launder money, we must provide our law enforcement with the tools they need to keep American communities safe.’

‘This bipartisan legislation makes necessary updates to anti-money laundering statutes and counterfeiting laws, ensuring the law enforcement community can stay one step ahead of those working to undermine our nation’s safety and security,’ she said.

The bill also would establish a new money laundering violation that would prohibit the transfer of funds into or out of the United States — funds specifically being transferred with the intent to violate U.S. income tax laws.

The bill would also prohibit conspiracies to create illegal money services businesses; grant wiretapping authority to investigate currency reporting, bulk cash smuggling, illegal money services businesses and counterfeiting offenses; and grant the U.S. Secret Service the explicit authority to investigate ransomware crimes and other uses of unlicensed money transmitting; and would ensure compliance with financial institutions. 

The measure has wide support in the law enforcement community and has been endorsed by the Fraternal Order of Police, the National Association of Assistant U.S. Attorneys, the National Association of Police Organizations and the National District Attorneys Association.

‘By clarifying the law in response to recent court decisions, strengthening penalties and expanding investigative authorities, this legislation will restore critical law enforcement tools and help disrupt transnational criminal organizations,’ Patrick Yoes, president of the Fraternal Order of Police said, adding that the organization ‘strongly supports this bill, which would prevent criminals and terrorists from profiting from their crimes and protect public safety and national security.’

The National Association of Assistant U.S. Attorneys also endorsed the bill saying the ‘targeted reforms will strengthen investigations, improve prosecutorial clarity and better reflect how modern money-laundering schemes actually operate.’

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The House of Representatives’ top Democrat claimed Republicans’ election security bill was tantamount to ‘voter suppression’ on Monday.

House Majority Leader Hakeem Jeffries, D-N.Y., criticized the House GOP-led SAVE America Act during his weekly press conference ahead of an expected vote on the bill coming as early as Wednesday.

‘Republicans have adopted voter suppression as an electoral strategy. That’s what the so-called SAVE Act is all about,’ Jeffries said.

He said the bill getting a vote this week is ‘worse than’ a previous iteration simply called the Safeguarding American Voter Eligibility (SAVE) Act, which passed the House in April 2025 with support from all Republicans and four Democrats.

The main thrust of the SAVE Act was implementing a new proof of citizenship requirement in the voter registration process in all 50 states.

The new bill, led by Rep. Chip Roy, R-Texas, and Sen. Mike Lee, R-Utah, would also create a federal voter ID standard at the polls, requiring people to show a form of identification when casting a ballot in national elections.

Jeffries also pointed to a provision that would require information-sharing between state election officials and federal authorities in verifying citizenship on current voter rolls, accusing Republicans of trying to give Americans’ data to Immigration and Customs Enforcement (ICE).

‘This version, as I understand it, will actually give [the Department of Homeland Security] the power to get voting records from states across the country. Why would these extremists think that’s a good idea?’ Jeffries said.

‘Who’d want DHS and ICE, who have been brutally, viciously and violently targeting everyday Americans, to have more data about the American people? It’s outrageous. Something is really wrong with these folks. I think they’re trying to lose elections at this point.’

There is no validated evidence to date that non-citizen voting has swayed the results of any federal election.

But Republicans have argued that the influx of illegal immigrants under the Biden administration has made the problem a real possibility in coming elections.

Nevertheless, voter ID provisions have proven popular in multiple public surveys.

A Pew Research Center poll released in August 2025 showed a whopping 83% of people supported government-issued photo ID requirements for showing up to vote, compared to just 16% of people who disapproved of it.

Jeffries also said the bill would die in the Senate, where at least some Democrats are needed under current rules to overcome a filibuster and advance the legislation.

‘It’s not going to pass. If it squeaks by the House, it’s dead on arrival in the Senate. They’re wasting time,’ he said.

The real possibility of the bill failing in the Senate is why a group of House conservatives are pushing for Senate Majority Leader John Thune, R-S.D., to upend the chamber’s rules on the filibuster to get rid of the 60-vote threshold needed to overcome one. Thune has not committed to any route.

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The Senate is scrambling to avoid a third government shutdown under President Donald Trump, and after negotiations seemingly appeared to hit a brick wall, lawmakers are cautiously optimistic that a deal could be made. 

Senate Republicans received Senate Democrats’ ‘partisan wishlist’ of demands over the weekend, sources familiar with negotiations told Fox News Digital. The White House sent over its own counter-proposal, but several lawmakers weren’t clear what was in package as of Monday night. 

Some, including Senate Majority Leader John Thune, R-S.D., wouldn’t say, but noted that congressional Democrats and the White House were ‘trading papers,’ and signaled that the back and forth activity was a good sign of negotiations moving forward. 

But lawmakers aren’t out of the woods yet, a reality that Thune warned of since Senate Democrats demanded a two-week funding extension for the Department of Homeland Security (DHS). Congress has until Friday to avert a shutdown and little time to actually move a short-term patch from one side of the building to the other. 

Republicans are mulling another short-term extension, known as a continuing resolution (CR), to avert a partial shutdown. Thune said whether Democrats would sign off depended on how well background negotiations were going, but hinted that so far, things were moving toward a solution. 

‘I think, based on what I’m familiar with about the discussion so far, I think there is, but we’ll know more when the proposal comes back,’ Thune said. ‘Let’s have a chance to evaluate it.’ 

Thune later said that he planned to tee up another CR on Tuesday, but noted that the length would ‘have to be negotiated. But let’s see what the next day brings and we’ll go from there.’

Democrats’ prime objective is reining in Immigration and Customs Enforcement (ICE), following the fatal shootings of Alex Pretti and Renee Nicole Good. 

The proposal they submitted included items that are a bridge too far for Republicans, including requiring ICE agents to get judicial warrants, de-mask and have identification ready — some in the GOP warn doing so would lead to more agents being doxxed, or when a person’s private information is made public, like their address. 

Senate Minority Leader Chuck Schumer, D-N.Y., warned that the ‘clock is ticking’ for Republicans to respond. 

‘We have sent you our proposals, and they are exceedingly reasonable,’ Schumer said on the Senate floor. ‘I hope our colleagues on the other side, many of whom, at least here in the Senate, recognize that things need to change, show they’re ready to act in a meaningful way.’

Prior to Democrats finally handing over the legislative version of their demands on Saturday, Republicans publicly questioned if they actually wanted to have serious negotiations. That changed over the weekend. 

A White House official told Fox News that ‘President Trump has been consistent, he wants the government open and the Administration has been working with both parties to ensure the American people don’t have to endure another drawn-out, senseless, and hurtful shutdown.’

Meanwhile, the scope and scale of a possible third closure would be limited to just the DHS, but would really only have an effect on FEMA, TSA, the Coast Guard and other priorities under the agency’s umbrella. That’s because ICE and immigration operations are flush with billions from Trump’s ‘big, beautiful bill.’ 

‘To say that the security of Americans is not paramount, I think, would be a huge mistake for the Democrats, and I certainly hope that they’ll continue to operate in good faith,’ Sen. Katie Britt, R-Ala., and the chair of the Homeland Security spending panel, said.

‘Because you do realize, ICE and [Customs and Border Patrol] would continue to be funded,’ she continued. 

Things are also about to get complicated quickly in the upper chamber. Lawmakers are set to leave Washington, D.C., for a weeklong recess this Thursday, and many are headed overseas to the Munich Security Conference. 

That starts on the day of the deadline and lasts through the weekend. Thune warned that it was possible he would cancel the upcoming recess, especially if there was little progress toward avoiding a DHS shutdown. 

Still, Senate Democrats believe that the ball is in the GOP’s court and are waiting for their counterparts to act. 

‘I mean, I think they’re pretty reasonable,’ Sen. Chris Murphy, D-Conn., and the top Democrat on the Senate Homeland Security Appropriations panel, said.

‘I mean, we did not ask for the moon,’ he continued. ‘We asked for targeted but impactful changes in the way that ICE is terrorizing American cities. So obviously we’re willing to negotiate.’

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Iranian Foreign Minister Abbas Araghchi said his country would not negotiate on its ballistic missile program, rejecting a core U.S. demand and further dimming prospects for a breakthrough deal.

He again warned in an interview with Al Jazeera that Tehran, Iran, would target U.S. bases in the Middle East if provoked, calling Iran’s missile program ‘never negotiable.’

The warnings came as U.S. and Iranian negotiators met in early February in Oman, even as Washington continued to build up military forces across the region — a posture U.S. officials say is meant to deter further escalation but which analysts argue also underscores how far apart the two sides remain.

Despite the imbalance in military power, analysts say Iran believes it can withstand U.S. pressure by signaling greater resolve — and by betting that Washington’s appetite for war is limited.

While the U.S. possesses overwhelming military capabilities, Defense Priorities analyst Rosemary Kelanic said Iran is relying on the logic of asymmetric conflict.

‘One country is much stronger, but the weaker country cares more,’ Kelanic said. ‘And historically, the country that cares more often wins by outlasting the stronger one.’

‘Iran is trying to signal resolve as strongly as it can, but it likely doubts U.S. resolve — because from Tehran’s perspective, the stakes for Iran are existential, while the stakes for the United States are not,’ she added.

Behnam Taleblu, a senior fellow at the Foundation for Defense of Democracies, said Tehran’s primary leverage is its ability to threaten wider regional instability, even if it cannot win a prolonged conflict.

‘The Islamic Republic’s leverage is the threat of a region-wide war,’ Taleblu said, noting that while U.S. and Israeli defenses could intercept most attacks, ‘something will get hit.’

Iran buying time

Analysts across the spectrum agree that Iran is using negotiations less as a path to compromise than as a way to delay decisive action.

Oren Kessler, analyst at global consulting firm Wikistrat, said Iran is using talks to stabilize its position internally while avoiding concessions on core security issues.

‘Both sides want a deal, but their red lines are very hard for the other side to overcome,’ Kesler said. ‘The talks are going well in the sense that they’re happening, but they’re not really going anywhere.’

Taleblu echoed that assessment, arguing that Tehran is treating diplomacy as a shield rather than a solution.

‘The regime is treating negotiations as a lifeline rather than a way to resolve the core problem,’ he said.

Taleblu added that Iran’s leadership sees talks as a way to deter a strike in the short term, weaken domestic opposition in the medium term, and eventually secure sanctions relief to stabilize its economy.

Secretary of State Marco Rubio has insisted that limits on Iran’s ballistic missiles must be part of any agreement to avoid military action.

‘At the end of the day, the United States is prepared to engage, and has always been prepared to engage with Iran,’ Rubio said in early February. ‘In order for talks to actually lead to something meaningful, they will have to include certain things, and that includes the range of their ballistic missiles. That includes their sponsorship of terrorist organizations across the region. That includes the nuclear program. And that includes the treatment of their own people.’

Anti-government protests beginning at the start of 2026 led to a brutal crackdown in Iran. The regime has admitted to 3,117 deaths linked to the demonstrations, though human rights groups and Iranian resistance organizations peg the death toll as much higher. 

The U.S. also has demanded that Iran give up all enriched uranium stockpiles, which can be used for civilian energy at low levels but for nuclear weapons at higher concentrations.

Araghchi told Al Jazeera that Iran is willing to negotiate on nuclear issues but insisted enrichment is an ‘inalienable right’ that ‘must continue.’

‘We are ready to reach a reassuring agreement on enrichment,’ he said. ‘The Iranian nuclear case will only be resolved through negotiations.’

Iran’s atomic chief said Monday that Tehran would consider diluting its 60% enriched uranium — a level close to weapons-grade — but only in exchange for the lifting of all sanctions.

As negotiations unfolded, the U.S. continued to expand its military footprint in the Middle East.

In late January, the U.S. dispatched a carrier strike group centered on the USS Abraham Lincoln to the North Arabian Sea, accompanied by multiple destroyers and other naval assets. Additional F-15E strike aircraft and air defense systems have also been repositioned at bases across the region, alongside thousands of U.S. troops.

Taleblu said the administration may be using diplomacy to buy time of its own.

‘The charitable interpretation is that the president is buying time — moving assets, strengthening missile defense, and preparing military options,’ he said. ‘The less charitable interpretation is that the United States is taking Iran’s threats as highly credible and still chasing the optics of a deal.’

In 2025, five rounds of talks similarly stalled over U.S. demands that Iran abandon enrichment entirely — talks that ultimately collapsed into Operation Midnight Hammer, a U.S.-led bombing campaign against Iranian nuclear facilities.

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President Donald Trump vowed to impose ‘very severe consequences’ on Russia in 2025 if it didn’t commit to a deal to end its war on Ukraine.

As the war nears its four-year anniversary in late February, national security experts tell Fox News Digital that Russia is facing tangible consequences for the war. Those are through its network of proxy countries that have directly endured the might of the U.S. military and subsequently left Russia with fewer streams of revenue and resources, they say. 

‘The President’s moves as it pertains to Russia are really strategic,’ Morgan Murphy, who previously served as the senior public diplomacy advisor to the president’s special envoy to Ukraine in 2025, told Fox News Digital. ‘So if you look at what he’s done with Iran and with Venezuela, these are two Russian proxies, right? Iran is a close ally of Russia.’

‘They sell a lot of drones to Russia,’ Murphy, who is running as a GOP Senate candidate to represent Alabama, continued. ‘Venezuela was again a proxy of Russia here in our hemisphere, and Trump is in the process of taking Iran off the table. He’s certainly taken Venezuela off the chessboard, and that that has to change Putin’s calculus, because he sees in President Trump a president who follows what he says he’s going to do.’ 

Russia’s war on Ukraine has persisted since Feb. 24, 2022, about a year after Trump’s first administration ended and during President Joe Biden’s presidency. Trump campaigned on ending the war upon his second inauguration in 2025, but ending the war has proven more difficult than anticipated as the U.S. continues negotiations. 

A White House official who spoke to Fox Digital said Trump is driven by humanitarian concerns and wants the conflict ended to stop the needless loss of life. The official added that in recent months his team has made major headway toward a settlement, pointing to Trump’s own remarks that ‘very good things’ are developing between Ukraine and Russia.

According to the official, recent negotiations in Abu Dhabi, United Arab Emirates, were substantive and constructive, with U.S., Ukrainian and Russian delegations agreeing to a 314-person prisoner exchange — the first in five months. While more work is ahead, the official argued that breakthroughs like this show sustained diplomacy is producing real, measurable progress toward ending the war.

Trump launched a series of strikes on Iran in June 2025 that hobbled the country’s covert nuclear program. Massive protests swept Iran in December 2025 as citizens spoke out against the government and its cratering economy. 

Iran violently cracked down on the nationwide protests, with thousands of citizens reportedly killed and the Trump administration warning Iran that it would face U.S. military action if the executions and killings continued. 

The U.S. and Iran held discussions in Oman Friday as Tehran, Iran, continues to obscure its nuclear ambitions, with military intervention on the table as the U.S. seeks to prevent Iran from having nuclear weapons capabilities. 

Iran and Russia have grown into a tighter wartime partnership in recent years, with U.S. and allied officials citing Iran’s supply of armed drones and other defense cooperation that has helped power Russia’s attacks in Ukraine — drawing the two heavily sanctioned regimes closer economically and militarily.

Ret. Air Force Gen. Bruce Carlson pointed to the Trump administration’s actions on Iran and Venezuela as evidence of how Trump is strategically pressuring Russia via its proxies to end the war in Ukraine. 

‘In any campaign, you don’t just target command centers — you cut supply lines and logistics,’ Carlson said. ‘Pressuring Russian proxies does exactly that. Venezuela, Iran, and the shadow fleet are key arteries feeding Russia’s war in Ukraine. Additionally, by pressing Europe to increase NATO spending and move off Russian oil and gas, we are directly altering Moscow’s decision-making.’

Carlson argued that, strategically, the trend lines are moving against Moscow as the U.S. ramps up pressure on Russia’s partners — leaving Putin with fewer backers, tighter resources and less flexibility, and undermining any assumption that dragging out the war comes without a cost. 

The retired Air Force general added that Putin and his proxies operate as a single ecosystem: Russia’s campaign relies on outside suppliers and sanctions-busting networks, so hitting any link in that chain can weaken Russia’s revenue and its ability to sustain attacks on Ukrainian civilians.

‘But ensuring a lasting and fair peace is not solely about pressuring Russia. As the cold winter continues in Ukraine, there are increasing concerns on Ukraine’s energy needs and air defense systems. U.S. and European support remain vital,’ he added. 

As tensions with Iran heighten, the Trump administration successfully captured Venezuelan dictator Nicolás Maduro on sweeping narco-trafficking charges in January. 

Venezuela is another Russian ally, publicly backing Moscow and maintaining high-level diplomatic ties, while giving Russia a Western Hemisphere foothold through military-technical cooperation and deep dependence on Russian arms — a relationship that has triggered U.S. sanctions actions tied to Venezuela’s oil sector and Russian-linked firms.

‘The removal of Maduro stripped Moscow of a key client in our hemisphere, and the increased pressure on Iran threatens the weapons and drone supply chain that Russia uses against Ukrainian civilians,’ Carrie Filipetti, executive director of foreign policy group the Vandenberg Coalition, told Fox News Digital. ‘This is how we have to change Putin’s long-term calculus.’

‘For the first time, the United States has used the power of American diplomacy to bring Ukraine and Russia into trilateral diplomatic talks,’ Filipetti added. ‘Combined with the threat of additional sanctions reliance and increased pressure on the countries that buy Russian energy, these steps are critical to shaking Russia’s assumption that time is on its side.’ 

Ret. Air Force Lt. Gen. Richard Newton told Fox News Digital that when Trump warned Russia of severe consequences in 2025 if Moscow did not end the war, the threat was followed by tangible consequences that reverberated through the Kremlin. 

‘Deterrence and leverage requires our adversaries (to) believe we will act,’ Newton said. ‘President Trump is doing just that by disrupting the systems that fund and sustain Putin’s war. The capture of Maduro and the just announced trade deal with India’s Prime Minister Modi — that forces India off of Russian oil — is a major blow to Russia’s war machine.’

The White House said in February that it struck with India to increase U.S. energy imports and stop buying Russian oil. The U.S. tops the world in daily oil production, with Saudi Arabia and Russia following behind. 

Filipetti argued that peace in Ukraine is only obtained by forcing Russia to face ‘real consequences.’

‘Vladimir Putin is responsible for a war of aggression marked by atrocities against Ukrainian civilians, and any lasting peace must impose real consequences on Russia itself. And weakening Russia’s proxies and isolating Putin is one of the most effective ways to reduce his ability to wage war,’ Filipetti said.

‘When it comes to China, North Korea, and Iran — without question these authoritarians are facing a very different calculus than just a few months ago,’ she said. 

While Newton pointed to a shadow-fleet sanctions package and another sanctions package that are moving through Congress, along with higher NATO spending and a tougher allied military posture, as key pressure points he says could help drive a peace deal.

Republican South Carolina Sen. Lindsey Graham is promoting a sweeping Russia sanctions bill that would tighten the screws on Moscow by punishing countries and companies that keep buying Russian energy with secondary sanctions and tariffs, while a separate bipartisan ‘shadow fleet’ package would target the tankers, insurers and shell networks Russia uses to move oil and evade sanctions.

Murphy argued that Trump already has sketched what he sees as a realistic off-ramp for Moscow — one he says even some Democrats would recognize as the best deal Putin is likely to get — including restoring Russia’s seat at the top diplomatic table, reopening some Western commercial access, and acknowledging Russia’s current occupation of Ukrainian territory without formally recognizing sovereignty. 

Murphy likened that offer to a ‘golden bridge’ for Putin to exit the war, but said the Kremlin has so far declined it, making the next move ultimately Russia’s choice — and raising the question of how many more casualties Moscow is willing to absorb with no clear endpoint in sight.

The war underscores a Russian worldview U.S. negotiators often misread through a Western lens, Murphy said, explaining Russia is shaped by catastrophic losses in World War I and World War II and a deep-seated suspicion that invasion is a recurring threat. He said that unpredictability is why the U.S. military has long used the ‘Crazy Ivan’ moniker for Russian behavior. 

Trump is meanwhile putting himself in the Russians’ shoes, Murphy argued, and meeting the moment with a clearer-eyed read of Moscow’s mindset and history. 

‘It is a decision that the Russians are going to have to make. How many more lives do they want to feed into this meat grinder? How many more deaths are they willing to endure?’ Murphy said. 

Ukrainian President Volodymyr Zelenskyy told reporters in February that the U.S. set a June deadline for Moscow and Kyiv to strike an agreement to end the war, teeing up heightened tensions ahead of the U.S. midterms in November. 

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Here’s a quick recap of the crypto landscape for Monday (February 9) as of 9:00 a.m. UTC.

Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrency market news.

Bitcoin (BTC) was priced at US$69,837.08, down by 1.1 percent over 24 hours.

Bitcoin price performance, February 9, 2026.

Chart via TradingView

Ether (ETH) was priced at US$2,049.31, down by 3.5 percent over the last 24 hours.

Altcoin price update

  • XRP (XRP) was priced at US$1.41, down by 3.5 over 24 hours.
  • Solana (SOL) was trading at US$84.50, down by 3.9 percent over 24 hours.

Today’s crypto news to know

Tether deepens gold push with US$150M stake in Gold.com

Tether has made a US$150 million investment in Gold.com, acquiring roughly a 12 pecent minority stake as it moves to broaden access to both tokenized and physical gold.

The deal sets up a long-term partnership that will integrate Tether’s gold-backed token, XAU₮, into Gold.com’s platform and explore ways for customers to buy physical gold using digital currencies such as USDT and the newly launched, federally regulated USA₮.

The move comes as gold prices push above US$5,000 an ounce, reinforcing demand for hard-asset exposure amid geopolitical and macroeconomic uncertainty. Tether said the gold-backed stablecoin market has nearly tripled over the past year to more than US$5.5 billion, with XAU₮ accounting for over 60 percent of total market value.

The company says XAU₮ is backed 1:1 by allocated physical gold, with about 140 tons in total held in secure vaults and each token linked to a specific London Good Delivery bar.

Bitcoin breaks below US$70,000 as liquidations accelerate

Bitcoin fell sharply this week, breaking below the closely watched US$70,000 level and trading as low as roughly US$60,300 before stabilizing near US$65,000

The US$70,000 mark had become a crowded positioning zone, and once it failed, mechanically driven selling took over.

In addition, the Crypto Fear & Greed Index dropped to 9, its lowest reading in nearly four years, while futures open interest slid toward multi-month lows, signaling defensive positioning rather than dip-buying. “

South Korea tightens scrutiny after Bithumb’s distribution error

South Korea’s Financial Supervisory Service has moved to strengthen oversight of crypto exchanges following a major error at Bithumb that briefly flooded user accounts with billions of dollars’ worth of bitcoin.

The incident occurred when customers were mistakenly credited with roughly 2,000 BTC each instead of small promotional rewards, triggering panic selling and a sharp price dislocation on the exchange.

Bitcoin prices on Bithumb fell as much as 30 percent below global levels before trading and withdrawals were halted.

Authorities said the episode exposed “vulnerabilities and risks” in virtual asset systems and raised concerns about internal controls and reserve backing. “It is a case that shows the structural problems of electronic systems for virtual assets,” said Lee Chan-jin, governor of South Korea’s Financial Supervisory Service.

Regulators plan to introduce tougher penalties for IT failures and expand monitoring tools that flag suspicious trading patterns in real time.

Of the more than 620,000 bitcoins mistakenly distributed, authorities said nearly all have since been recovered.

FDIC settles FOIA fight over crypto ‘pause letters’

The Federal Deposit Insurance Corporation (FDIC) has agreed to pay US$188,440 in legal fees and drop its effort to withhold crypto-related “pause letters,” settling a Freedom of Information Act lawsuit tied to alleged debanking practices.

The case stemmed from a records request filed by History Associates on behalf of Coinbase, seeking documents that showed how banks were allegedly pressured to halt or limit crypto activities.

A federal court ruled last year that the FDIC violated FOIA by categorically withholding the letters rather than reviewing them individually.

“We successfully uncovered dozens of crypto ‘pause letters’—indisputable proof of OCP2.0,” Coinbase chief legal officer Paul Grewal wrote on X after the settlement.

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

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

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(TheNewswire)

  

Vancouver, B.C. TheNewswire – February 9, 2026 Armory Mining Corp. (CSE: ARMY) (OTC: RMRYF) (FRA: 2JS) (the ‘Company’ or ‘Armory’) a resource exploration company focused on the discovery and development of minerals critical to the energy, security and defense sectors, is pleased to announce that is preparing to conduct a series of airborne geophysics surveys at the Ammo antimony-gold project (‘Ammo’) located in Nova Scotia, Canada.

The planned airborne geophysics surveys have been designed using efficient 50-meter flight lines (Fig 1) to collect information from associated sulfide mineralization, sericite and potassic alteration and probable pathfinder related uranium anomalies.

The Company intends on undertaking a magnetic survey designed to collect information regarding geological characteristics including structural and lithological features, an electromagnetic survey to collect data correlated with associated sulfide mineralization, and a radiometric survey to collect any possible correlation between uranium anomalies and the target mineralization.

‘These surveys form an important part of preliminary exploration critical to defining drill targets at Ammo,’ said Alex Klenman, CEO of Armory Mining. ‘The data generated by the surveys will aid tremendously in determining the best areas to drill.  The geological team has outlined a comprehensive exploration plan for the Ammo project, and we’re committed to completing these next steps,’ continued Mr. Klenman.  


Click Image To View Full Size

 

Figure 1 – Ammo Property and Significant Mining and Mineral Occurrences within and adjacent Distance

 

The Property

  • The Company has the option to acquire a 100% interest in the Ammo Sb-Au project, comprising three contiguous mineral claims (Exploration Licenses) surrounding the historical West Gore antimony-gold mine, a past producer of antimony and gold, located in central Nova Scotia, Canada covering approximately 3,020 hectares (Fig. 2). 

  • The property is underlain by sericitic slates and minor intercalated arenites of the Halifax formation, a member of the Ordovician Meguma Group. It is made up of a basal sandy flysch unit known as the Goldenville formation and an overlying shaly flysch unit known as the Halifax formation which hosts the West Gore gold-antimony mineralization. Peraluminous granites and minor mafic bodies intrude the Meguma Group sedimentary. This magmatic activity seems to be responsible for the hydrothermal activity that caused the gold mineralization (Fig 2). 

  • The mineralization in adjacent West Gore mineralization occurs throughout the Meguma Group stratigraphy. The mineralization is generally in laterally continuous veins were emplaced during hydrofracturing in brittle ductile deformation dominated by quartz-carbonate gangue and iron sulphides with free gold, generally micron sized but nuggets up to 11 ounces have been reported. The sulfides with mineralization including Pyrite, pyrrhotite, arsenopyrite, stibnite, chalcopyrite, galena, sphalerite and iron oxides are associated with quartz-carbonate veins or sheared host rocks in the Mineralized zone. 

 


Click Image To View Full Size

 

Figure 2 – Ammo Property and Surrounding Mining and Mineral Occurrences

 

About Armory Mining Corp

Armory Mining Corp. is a Canadian exploration company focused on minerals critical to the energy, security and defense sectors. The Company controls an 80% interest in the Candela II lithium brine project located in the Incahuasi Salar, Salta Province, Argentina. In addition, the Company controls 100% interest in both the Ammo antimony-gold project located in Nova Scotia and the Riley Creek antimony-gold project located in British Columbia.

 

Qualified Person

The technical content of this news release has been reviewed and approved by Mr. Babak V. Azar, P.Geo., a qualified person as defined by National Instrument 43-101. Historical reports provided by the optionor were reviewed by the qualified person. The information provided has not been verified and is being treated as historic.

 

Contact Information

 

Alex Klenman

CEO & Director

alex@armorymining.com

604-970-4330

 

Neither the Canadian Securities Exchange nor its Market Regulator (as the term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy of accuracy of this news release.   This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the Company’s securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The Company’s securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the ‘1933 Act’) or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the  1933 Act) unless registered under the  1933 Act  and applicable  state  securities  laws, or an exemption from such registration requirements is available.

 

Forward-looking statements:

 

This press release contains certain forward-looking statements, including statements regarding the intended use of funds. The words ‘expects,’ ‘anticipates,’ ‘believes,’ ‘intends,’ ‘plans,’ ‘will,’ ‘may,’ and similar expressions are intended to identify forward-looking statements. Although the Company believes that its expectations as reflected in these forward-looking statements are reasonable, such statements involve risks and uncertainties. Actual results may differ materially from those expressed or implied in these statements due to various factors, including, but not limited to, political and regulatory risks in Canada, operational and exploration risks, market conditions, and the availability of financing. Readers are cautioned not to place undue reliance on forward-looking statements, which are made as of the date of this release. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by applicable securities laws.

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First drill testing of a large-scale Rossing-style uranium target, along trend of Namibia’s giant uranium deposits

ReeXploration Inc. (TSXV: REE) (FSE: K2I0) (‘ReeXploration’ or the ‘Company’) is pleased to announce the launch of a fully funded uranium drilling program at the Eureka Project in central Namibia. This campaign marks the Company’s first drill testing of a large-scale uranium target, 6.5 x 3.5 km in extent, defined through integrated geophysical, geochemical, and geological work. The target is located along trend of Namibia’s world renowned ‘Alaskite Alley’, a corridor hosting giant leucogranite-hosted uranium deposits.

The drill campaign will evaluate a range of priority zones distributed across the broader target area, selected on the basis of airborne and ground uranium radiometric responses, uranium-in-soil geochemistry, and interpreted favourable structural and lithological settings. The priority zones all fall within a regional geological setting consistent with leucogranite-hosted uranium systems elsewhere in Namibia’s Central Zone, including the Rössing, Husab, and Etango deposits.

The core drilling program is expected to include up to 2,000 metres of drilling across 12 to 15 drill holes, and will be results-driven. Drill holes are designed to test for primary leucogranite-hosted uranium mineralization below the weathering profile.

‘The start of drilling at Eureka marks a significant milestone for ReeXploration, representing our first drill program on a large and highly prospective uranium system,’ said Christopher Drysdale, Interim CEO of ReeXploration. ‘This initial campaign will evaluate several priority zones and generate critical information to refine our geological understanding and guide future exploration. Importantly, Eureka also hosts confirmed rare earth element mineralization, providing the Company with dual-commodity exposure and long-term strategic optionality. Operating in Namibia, with its proven history of supporting responsible exploration and development, significantly enhances our ability to advance and unlock the full potential of the Eureka Project.’

Figure 1: Regional satellite view showing the position of the uranium anomalies southwest of the Eureka Dome, and their proximity to the Welwitschia Lineament and other large uranium deposits in Alaskite Alley.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6102/282719_8ad182f6940f097b_001full.jpg

Program Overview and Next Steps

The initial drilling phase (up to 2,000 metres in 12 to 15 drill holes) is designed to provide first-pass testing of the uranium system at depth and to validate the geological model developed from recent radiometric surveys, soil geochemistry, and field mapping.

Priority zones for drill testing have been identified based on coincident:

  • Airborne uranium radiometric anomalies
  • High total gamma responses (>500 cps) from ground spectrometer surveys
  • Uranium-in-soil anomalies (>10 ppm U) identified by pXRF analysis
  • Interpreted leucogranites in contact with reactive calc-silicate host rocks

The zones include occurrences of visible secondary uranium mineralization identified within leucogranites and gypcretes/calcretes.

Drilling will consist of core drill holes designed to confirm the presence, style, and continuity of uranium mineralization at depth, and to improve the Company’s understanding of the broader uranium system across the Eureka Project area.

Figure 2: Company license holding showing REE targets within the Eureka Dome, and airborne uranium anomalies (Government Airborne Radiometrics) backdrop. Insert: Thorium radiometric backdrop showing low thorium relative to the uranium anomalies.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6102/282719_8ad182f6940f097b_002full.jpg

Qualified Person

Tolene Kruger, BSc. (Hons), M.Sc., is a consulting geologist and has reviewed and approved the scientific and technical information in this news release. Ms. Kruger is registered as Professional Natural Scientist (Pr.Sci.Nat.) with the South African Council for Natural Science Professions (SACNASP, Reg. No.: 148182), and a Qualified Person for the purposes of National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Ms. Kruger is not independent of the Company under NI 43-101.

About ReeXploration Inc.

ReeXploration (TSXV: REE) (FSE: K2I0) is a Canadian exploration company positioned to help meet surging global demand for secure, responsible supplies of critical minerals essential to the clean energy transition, advanced technologies and national defense. The Company’s flagship Eureka Project in central Namibia pairs a technically proven rare earth foundation – supported by the production of a clean monazite concentrate – with a newly defined, high-priority uranium target located within one of the world’s most established uranium corridors. Together, these commodities provide multi-path discovery potential aligned with accelerating global efforts to diversify critical mineral and nuclear fuel supply. Supported by a Namibia-based technical team and guided by global critical minerals experts, ReeXploration is advancing a disciplined, discovery-led strategy, building a credible, ESG-aligned platform positioned to benefit from the global race to diversify and secure responsible supply chains.

Caution Regarding Forward Looking Information

This press release may contain forward-looking information. This information is based on current expectations and assumptions (including assumptions relating to general economic and market conditions) that are subject to significant risks and uncertainties that are difficult to predict. Actual results may differ materially from results suggested in any forward-looking information. ReeXploration does not assume any obligation to update forward-looking information in this release, or to update the reasons why actual results could differ from those reflected in the forward-looking information unless and until required by securities laws applicable to ReeXploration. Additional information identifying risks and uncertainties is contained in the filings made by ReeXploration with Canadian securities regulators, which filings are available at www.sedarplus.ca.

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

Further details are available on the Corporation’s website at www.rareearthexploration.com or contact Christopher Drysdale, Interim CEO of ReeXploration Inc., at +1 902-334-1949, contact@rareearthexploration.com.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/282719

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