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A closer look at Air Force One and the executive fleet

Politics 5 Mins Read

President Donald Trump has his sights on a new version of Air Force One as delays and cost overruns continue to plague Boeing’s long-awaited presidential aircraft replacements.

The most recent data from 2020 says at least 20 planes make up the executive fleet. A newly constructed plane has not been added in nearly 27 years. Some of the ones currently in service are expected to stay flying for another 13 years.

‘They’re not building the plane fast enough. I mean, they’re actually in default,’ Trump said about Boeing in a February interview with Sean Hannity.

Air Force One is used to designate any Air Force aircraft carrying the commander in chief. There are currently two highly customized Boeing aircraft that were deployed in 1990 when George H.W. Bush was president. The planes have since carried Presidents Bill Clinton, George W. Bush, Barack Obama, Trump, Joe Biden and now Trump once again.

‘I miss Air Force One,’ Bush said at an event for Veterans in 2014. ‘In eight years, they never lost my baggage.’

The two forthcoming Boeing planes have been plagued by delays due to the complex technology needed onboard Air Force One.

‘They’ve got to debug it, make sure there’s no signals intelligence risks. And I think just to make it secure against any potential military attacks. It was ironic for a long time. It was one of the Prince’s planes, which I think they were trying to sell. And now they’re giving it to the U.S., and it’s costing quite a bit to update,’ staff writer for the Free Press Jay Solomon said.

The Qatari jet is estimated to have a faster timeline than the two Boeing planes, but it still needs some of the same technology to make it Air Force One.

‘If you look at it just through economics, maybe it makes sense, but I still think the fact that we’re allowing a foreign country to gift something of that magnitude to a sitting president on top of all these other concerns,’ Soloman said. ‘I think it’s a risk, and it’s not a good look.’

Air Force One is required to have four engines, unlike most of today’s passenger planes which have two. Onboard is the highest level of classified communications and external protections against foreign surveillance. The planes are equipped with air-to-air refueling capabilities so they can fly for as long as is needed. Air Force One is built for the worst possible scenarios, like nuclear war, so that the president can still command military forces from the sky.

‘They’re extremely complex, and I’m not going to go into it, but they’re not like a normal plane. You know, it’s not like building a 747 normal,’ Trump said during his Middle East Trip on ‘Special Report’ in May.

Air Force officials say it is possible to add some of the security features to the Qatari jet, but it’s unlikely to have the full suite of technology by Trump’s February timeline.

‘Initially it was supposed to be like, maybe he’ll get it done by the end of his presidency,’ Solomon said.

Four modified Boeing 757s or C-32As are the newest planes in the executive fleet. Those were added in 1998 and 1999. The Air Force is studying potential replacement options, but the current planes will continue to fly until 2038. The aircraft are primarily used by the vice president, Cabinet members, members of Congress and other officials.

‘Even today and regardless of the airplane, we have to operate it differently based on the threat environment that even the current or any of the future aircraft will go into. Again, can’t talk in detail about that, but that is always a consideration,’ Air Force Secretary Troy Meink said during a June Senate Hearing. 

Air Force One isn’t the only aging plane; much of the executive fleet is more than two decades old. The aircraft have undergone modernization modifications, but officials have questioned the timeline for major updates as several incidents have taken place over the years.

In 2014, Obama was forced to switch planes during a campaign event in Philadelphia after a minor mechanical problem was reported on Air Force One.

In 2021, Vice President Kamala Harris’ plane requested an emergency return to Joint Base Andrews as she began her first foreign trip overseas to Guatemala and Mexico.

Most recently, Secretary of State Marco Rubio’s plane was forced to turn around while en route to Munich in February, after a mechanical issue.

The newest aircraft among the executive fleet are the Marine One Helicopters. Biden first rode in the newly designed Marine One in 2024 during the Democratic National Convention. Updating those took nearly two decades and in some cases replaced helicopters flying since the 1970s.

The Boeing 777X is expected to be the next new major commercial aircraft. It’s scheduled to enter service in 2026 after a nearly six-year delay with Lufthansa taking the first flight. The modernized plane is designed to have a folding wingtip, a touchscreen flight deck and wider cabin space.

This post appeared first on FOX NEWS

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Politics

MIKE DAVIS: Impeachment time for Trump-hating renegade Judge Boasberg

Politics 5 Mins Read

Just over a year ago, Matthew Thomas Crooks nearly blew off President Trump’s head at a rally in Butler, Pennsylvania. Only by the grace of God did Crooks’ bullets miss their target by millimeters because President Trump had turned his head ever so slightly to look at an immigration chart. Crooks did manage to murder a rallygoer and seriously wound two others before the Secret Service killed him. Just under a year ago, Ryan Wesley Routh took his shot at President Trump, establishing a sniper’s nest at the Doral golf course where he knew the president would play later that day. Routh was a hole ahead of Trump when Secret Service agents spotted him. A gun battle followed, and Routh escaped, yet he was captured 50 miles away. He now sits in jail awaiting trial before Aileen Cannon, a superb federal judge.

While Cannon epitomizes the gold standard of the federal judiciary, Obama-appointed D.C. Chief District Judge Jeb Boasberg represents the garbage standard. Throughout the January 6 saga, Boasberg had no problem keeping defendants—even nonviolent ones—locked up before their trials, in part based on social media posts. He let off disgraced former FBI lawyer Kevin Clinesmith with probation after Clinesmith had altered an email to secure a surveillance warrant against former Trump campaign official Carter Page. Boasberg claimed that Clinesmith would receive punishment from the disciplinary authorities (the D.C. Bar) in the form of possible disbarment; yet, Clinesmith kept his license. Then, Boasberg made clear early in the second Trump administration that he was itching for a fight, expressing his baseless concern to Chief Justice John Roberts that President Trump and his subordinates would violate court orders.

This March, Boasberg instigated the fight he had longed for when he illegally ordered planes full of Tren de Aragua terrorists and vicious MS-13 gang members to turn around after they had departed for Honduras and El Salvador. This was an ongoing military operation. The planes would have been in danger trying to fly back over the Gulf of America with minimal fuel. Additionally, there were not the appropriate security resources in place in the United States to deal with the return of hundreds of foreign terrorists and violent gang members, unlike the situation in El Salvador and Honduras where the proper resources were in place. The planes did not turn around, and Boasberg ‘found’ probable cause to hold administration officials in contempt. A D.C. Circuit panel reversed; yet, Boasberg, undaunted by the smackdown he had received, mused at a hearing about disciplinary proceedings against Trump Justice Department lawyers before the jurisdictions in which they hold law licenses.

This past week, Boasberg has outdone himself. Nathalie Rose Jones is a nutcase from Indiana who is staying in New York City. She thinks that President Trump is a Nazi and a terrorist, and she blames him for the deaths caused by the coronavirus. Earlier this month, Jones posted on Facebook that ‘I am willing to sacrificially kill this POTUS by disemboweling him and cutting out his trachea with [former] U.S. Representative] Liz Cheney and all the affirmation present.’ Jones then told the Secret Service that she would kill President Trump at ‘the compound’ (presumably the White House) if she had to and that she had a bladed object to accomplish her ghastly goal. The next day, law enforcement arrested Jones at a protest that had begun at Dupont Circle and wound up near the White House.

A magistrate judge correctly ordered Jones detained without bail. It is hard to imagine a clearer case of someone who poses a danger, but Jones found an ally: Boasberg. He decided to send Jones back to New York with an ankle bracelet, and he ordered her to see a shrink. Boasberg found the case hard because Jones had not brought a gun. Never mind that Jones had referred to a bladed object that she had somewhere ready to kill President Trump. Never mind that guns are easy to procure, even for convicted felons who are prohibited from possessing them by federal law. Never mind that Jones could have returned to the White House at any time after the day that she showed up without a gun. Francisco Martin Duran, a former Army sergeant, gave no warnings before he showed up at the White House early in President Clinton’s first term and fired off dozens of shots outside the gate. These maniacs often strike without warning, as Crooks and Routh also did. Jones has telegraphed what she wants to do to President Trump, and still it is not enough for Boasberg.

Boasberg has established a pattern of utterly horrific judgment. After his illegal order in March, Congressman Brandon Gill of Texas filed an article of impeachment. It is time to move forward with that article—and add to it based on the Jones farce, as well as the revelation of Boasberg’s grossly improper comments to Chief Justice Roberts. President Trump is only alive thanks to divine intervention; a millimeter and a millisecond could have changed the course of history.

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Reckless robed partisans like Boasberg, however, do not appear to care about the danger the president faces.

Trump-deranged judge refuse to accept that he won the election, and they have put up roadblock after roadblock in an appalling effort to overturn the will of American voters. The disgrace of the Jones case is just the latest example. The time has come for the House to exercise its core Article I power and use a legal tool to curtail these judges: impeachment.

This post appeared first on FOX NEWS

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Business

Mortgage rates see biggest one-day drop in over a year

Business 3 Mins Read

The average rate on the 30-year fixed mortgage dropped 16 basis points to 6.29% Friday, according to Mortgage News Daily, following the release of a weaker-than-expected August employment report.

It’s the lowest rate since Oct. 3 and the biggest one-day drop since August 2024. Rates are finally breaking out of the high 6% range, where they’ve been stuck for months.

“This was a pretty straightforward reaction to a hotly anticipated jobs report,” said Mortgage News Daily Chief Operating Officer Matt Graham. “It’s a good reminder that the market gets to decide what matters in terms of economic data, and the bond market has a clear voting record that suggests the jobs report is always the biggest potential source of volatility for rates.”

Graham said in a post on X that many lenders are “priced better” than Oct. 3 and would be quoting in the high 5% range.

The drop is a major change from May, when the rate on the 30-year fixed peaked at 7.08%. It’s big for buyers out shopping for a home today, especially given high home prices.

Take, for example, someone purchasing a $450,000 home, which is just above August’s national median price, using a 30-year fixed mortgage with a 20% down payment. Not including taxes or insurance, the monthly payment at 7% would be $2,395. At 6.29%, that payment would be $2,226, a difference of $169 per month.

That might not sound like a lot to some, but it can mean the difference in not just affording a home, but qualifying for a mortgage.

Homebuilder stocks reacted favorably Friday, with names like Lennar, DR Horton and Pulte all up roughly 3% midday. Homebuilding ETF ITB has been running hot for the last month as rates slowly moved lower. It’s up close to 13% in the past month.

The big question is whether the drop in rates will be enough to get homebuyers back in the market.

Mortgage demand from homebuyers, an early indicator, have yet to respond to gradually improving rates. Applications for a mortgage to purchase a home last week were 6.6% lower from four weeks before, according to the Mortgage Bankers Association.

“Homebuyers grapple with a lack of affordability, sellers contend with more competition, and builders deal with lower buyer demand,” Danielle Hale, chief economist at Realtor.com, said Friday in a statement after the release of the August employment report. “These conditions haven’t spelled catastrophe, but have created a cruel summer for the housing market.”

Some analysts have argued that buyers need to see mortgage rates in the 5% range before it really makes a difference. Home prices remain stubbornly high, and while the gains have definitely cooled, they are not yet coming down on a national level. In addition, uncertainty about the state of the economy and the job market has left many would-be buyers on the sidelines.

This post appeared first on NBC NEWS

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Investing

How to Invest in Lithium Stocks and the Lithium Market

Investing 7 Mins Read

Despite the current low price environment, the long-term demand for battery metals is robust and offers opportunity for those interested in lithium stocks.

Seasoned metals investors who want to look beyond gold and silver are getting involved, while new investors are being drawn into the space by expanding battery market and lithium supply deals between auto makers and lithium producers.

Whatever the reason, it’s important to get familiar with the lithium market before investing in lithium stocks. Here’s a brief overview of some of the basics, including supply and demand, prices and companies.

In this article

    Where is lithium mined?

    Lithium is found globally in hard-rock deposits, evaporated brines and clay deposits. There’s some contention as to which type of deposit is superior, but generally there are challenges and upsides for both.

    The world’s largest hard-rock mine is the Greenbushes mine in Australia, and the bulk of the world’s lithium brine production comes from salars in Chile and Argentina. Most large lithium reserves are in Chile, and the prolific “Lithium Triangle” spans Chile, Argentina and Bolivia. Australia was once again the world’s largest lithium producer in 2024, followed by Chile and China.

    Canada and the United States, ranked as the seventh and ninth largest lithium producing countries, are increasingly becoming hotspots for lithium development and production as North American auto makers seek to secure domestic supply sources.

    What’s the difference between battery-grade and technical-grade lithium?

    Technical-grade lithium is used in ceramics, glass and other industrial applications, while battery-grade lithium carbonate and lithium hydroxide are used to make lithium-ion batteries. These lithium products can also be used for technical applications in a pinch, although battery-grade lithium fetches premium market prices over technical-grade. Those aren’t the only classifications, though. Pharmaceutical grade lithium carbonate is used in medicine.

    How is lithium priced?

    Getting a look at lithium prices isn’t easy, and that can make it difficult for investors who are looking to assess the viability of a given project. Pricing in the lithium industry has always been opaque due to the dominance of a few major producers, with investors having very little pricing information they can trust.

    Simon Moores of Benchmark Mineral Intelligence has emphasized that pricing can be a difficult concept for investors to grasp.

    “The biggest myth surrounding pricing is, ‘What is the price of lithium?’ Because there is no one price,” he said. “The newcomers want one lithium price, but the existing market has a wide range of lithium chemicals and then grades within a specification.’

    There are also distinct prices for lithium on markets in different regions, meaning lithium hydroxide in China will be priced slightly different than in Europe.

    For those looking to invest in lithium who want to learn about lithium prices, it’s best to read reports on lithium price trends from experts to help you understand what is happening in the market.

    What factors drive the lithium market?

    A major driver for the lithium market is its use in the lithium-ion batteries that power electric vehicles, energy-storage systems, smart phones and laptops.

    Global EV sales reached 17 million units in 2024, up 25 percent from the previous year, according to International Energy Agency (IEA) data. The figure represents more than 20 percent of all new cars sold worldwide. Looking forward, EV sales are expected to increase by another 25 percent to surpass 20 million in 2025, amounting to about one-quarter of total new car sales for the year.

    Tesla with its Nevada-based gigafactory was the first carmaker to stoke excitement in the lithium space. However, advancements in Chinese battery technologies, strategic pricing and government support led to Chinese EV maker BYD Company (HKEX:1211) overthrowing Tesla (NASDAQ:TSLA) as the global EV market leader in sales for 2024. That trend has continued into 2025, as Elon Musk’s involvement in US politics has also damaged Tesla’s brand for both sides of the political spectrum.

    The ascension of a Chinese automaker on the global EV stage doesn’t come as a surprise to most market insiders. The IEA is forecasting that China will see more than 14 million new EVs will be sold in 2025, representing 60 percent of all new cars sold in the country. Even more impressive, this figure is more than all EVs sold worldwide in 2023.

    When it comes to the lithium batteries that power electric vehicles, the US Energy Information Administration (EIA) data shows that in 2023, “China controlled nearly 85% of the world’s battery cell production capacity by monetary value.”

    In the US, the election of Donald Trump to a second term as president has cast a shadow over the North American EV market. On September 30, 2025, the Trump Administration is set to scrap the US$7,500 consumer tax credit for EVs offered under the Biden-era Inflation Reduction Act. Government incentives to purchase EVs has also evaporated in Canada, despite the mandate that by 2035, 100 percent of new vehicle sales must be zero-emission vehicles.

    “North America, and in particular Canada, is experiencing a slowdown of EV sales in 2025. With Trump’s latest cuts in his ‘Big Beautiful Bill,’ the USA could struggle to see any growth in the EV market overall in 2025,” said Rho Motion Data Manager Charles Lester.

    Data centers and artificial intelligence technologies represent another key demand trend for lithium as they require significant investments in battery energy storage systems.

    “Batteries are now essential — not just for EVs, but to balance power systems across sectors,” said Paul Lusty, head of battery raw materials at Fastmarkets, at Fastmarkets’ Lithium Supply & Battery Raw Materials conference in June.

    On the supply side, China has made a major push in recent years to expand its lithium mine production, leading to an oversupplied market. The resulting lithium price slump forced Australian lithium miners to stall development plans, curtail production and even place some operations on care and maintenance.

    Fastmarkets has reported that China is set to surpass Australia as the world’s largest lithium producing country by 2026.

    Lithium mine supply disruptions out of China are already having an oversized impact. In mid-August 2025, Chinese battery giant Contemporary Amperex Technology (CATL) (SZSE:300750,HKEX:3750) confirmed it had suspended operations at Jianxiawo, one of the world’s largest lithium mines, after the mine’s permit expired on August 9 and the company failed to obtain an extension.

    The news sent lithium spot prices higher as well as the stock values of ex-China lithium miners such as Lithium Americas (NYSE:LAC), Pilbara Minerals (ASX:PLS) and Mineral Resources (ASX:MIN).

    How to invest in lithium stocks

    So what’s the best way to invest in lithium? How should investors interested in lithium stocks begin? To start, it helps to understand the lithium production landscape.

    For a long time, most lithium was produced by an oligopoly of lithium producers often referred to as the “Big 3”: Albemarle (NYSE:ALB), Sociedad Quimica y Minera (SQM) (NYSE:SQM) and FMC. Rockwood Holdings was on that list too before it was acquired by Albemarle several years ago.

    However, the list of the world’s top lithium-mining companies has changed in recent years. The companies mentioned above still produce the majority of the world’s lithium, but China accounts for a large chunk of output as well. As already discussed, the Asian nation is on track to become the largest lithium-producing country by 2026.

    For now, the biggest producer continues to be Australia, which is home to many lithium mines, including up-and-comer Liontown Resources’ (ASX:LTR,OTC:LINRF) Kathleen Valley operations. The mine entered open-pit production during H2 2024, and the plant hit commercial production in January 2025. The company is currently transitioning Kathleen Valley from an open-pit to underground mining operation, making it the state of Western Australia’s first underground lithium mine.

    In other words, lithium investors need to be keeping an eye on lithium-mining companies in Australia and other jurisdictions in addition to the New York-listed chemical companies that produce the material.

    Of course, smaller lithium stocks are worth watching too — to find out which ones are currently thriving, check out our top global lithium stocks article. You can also check out our articles on the biggest lithium stocks globally, top performing Australian lithium stocks and top Canadian lithium stocks.

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

    This post appeared first on investingnews.com

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    Investing

    Aurum Resources

    Investing 9 Mins Read

    Investor Insights

    Aurum Resources offers a compelling value proposition through its highly prospective gold assets in Côte d’Ivoire, a fast-emerging gold region in West Africa. Its cost-effective exploration strategy of drill rig ownership also distinguishes it from its peers.

    Overview

    Aurum Resources (ASX:AUE) is a mineral exploration company primarily focused on gold through its Boundiali and Napié gold projects in Côte d’Ivoire, West Africa.

    Côte d’Ivoire’s gold mining sector is experiencing significant growth and development, with several key projects contributing to the country’s economic expansion. The overall gold mining sector in Côte d’Ivoire is supported by substantial investments in infrastructure and exploration.

    Geopolitically, Côte d’Ivoire outperforms most developing countries in the world in political, legal, tax and operational risk metrics. Additionally, Côte d’Ivoire continues to make notable strides in its political stability and Absence of Violence and Terrorism Index.

    Boundiali Gold Project – BD Target 1 Artisanal Working

    In March 2025, Aurum completed the acquisition of 100 percent of Mako Gold, bringing together its strong balance sheet and industry-leading drilling efficiencies to accelerate resource growth across northern Côte d’Ivoire. The company now holds a 90 percent interest in the highly prospective Napié Project, a 224 sq km land package with a 30 km strike near Korhogo.

    Aurum has delivered a major milestone in 2025 with a +50 percent increase in the JORC Mineral Resource Estimate at its Boundiali Gold Project in Côte d’Ivoire, adding 820koz for a total of 2.41Moz. This lifts the company’s group resources to 3.28Moz, including Napié, highlighting the scale and growth potential of Aurum’s portfolio.

    Supported by a seasoned board and management team with deep gold sector expertise—and strengthened by its recent capital raising—Aurum is well-funded to expand resources and advance development plans that drive long-term shareholder value.

    Company Highlights

    • 3.28Moz and Growing in Côte d’Ivoire: Two cornerstone gold projects — Boundiali (2.41Moz) and Napié (0.87Moz) — positioned for rapid growth with multiple resource updates and development milestones in 2025–2026.
    • Outstanding Metallurgy = Simple, Profitable Processing: Boundiali delivers free milling ore with 95 percent recoveries and a straightforward flowsheet, while Napié achieves +94 percent recoveries in tests, showcasing strong economics and low technical risk.
    • Aggressive, Cost-Effective Growth Strategy: In-house drill fleet drives efficiency and scale: 100,000m at Boundiali and 30,000m at Napié planned in 2025.
    • Premier Mining Jurisdiction: Located in Côte d’Ivoire’s prolific Birimian Greenstone Belt, backed by a stable, supportive government and excellent infrastructure—creating the right conditions for mine development success.
    • Leadership with a Proven Track Record: A seasoned management team with a history of value creation, supported by committed shareholders who back the company’s long-term growth vision.

    Key Projects

    Boundali Gold Project

    The Boundiali gold project in Cote d’Ivoire is located within the Boundiali Greenstone Belt, which hosts Resolute’s Syama gold operation (11.5 Moz) and the Tabakoroni deposit (1 Moz) in Mali. Neighbouring assets also include Barrick’s Tongon mine (5 Moz) and Montage Gold’s Kone project (4.5 Moz).

    The Boundiali project area covers the underexplored southern extension of the Boundiali belt, where a highly deformed synclinal greenstone horizon traverses finer-grained basin sediments, and to the west, Tarkwaian clastic rocks lie in contact with a granitic margin. The project benefits from year-round road access and excellent infrastructure.

    The first stage of drilling at Boundiali occurred from late October 2023 to end of November 2024 for both the BM and BD tenements (BM1 and BM2; BD1, BD2 and BD3 targets) and was designed to test below-gold-in-soil anomalies oriented along NE trending structures, define new gold prospects and define maiden JORC resources. With over 63,000m diamond holes drilled during this period, Maiden JORC gold resources estimate was delivered in late December 2024.

    Drilling costs are estimated at US$45 per metre, as Aurum owns all of its eight drilling rigs and employs its operators, representing a significant value proposition relative to peers who use commercial drilling companies that charge upwards of $200 per meter. The company believes there is potential for multi-million ounce gold resources to be defined with hundreds thousands meters of drilling over years within the Boundiali Gold Project’s land holding areas.

    The Boundiali gold project comprises four contiguous granted licenses: PR0808 (80 percent interest), PR0893 (80 percent and earning to 88 percent interest), PR414 (100 percent interest), and PR283 (earning to 70 percent interest). Historic exploration at PR0893 includes 93 AC drill holes and four RC holes. Airborne geophysical surveying, geological mapping and extensive soil sampling have also been performed at PR0893, while PR0808 has had 91 RC holes drilled for 6,229 metres along with geochemical analysis and modeling. Detailed geochemical sampling and drilling at PR414 revealed three strong gold anomalies and returned impressive high-grade results.

    In May 2024, Aurum entered a strategic partnership agreement to earn up to a 70 percent interest in exploration tenement PR283, to be renamed Boundiali North (BN). Aurum, through subsidiary Plusor Global Pty Ltd, has partnered with Ivorian company Geb & Nut Resources Sarl and related party (GNRR) to explore and develop the Boundiali North (BN) tenement which covers 208.87sq km immediately north of Aurum’s BD tenement. Further to this agreement,

    Aurum announced it has earned 80 percent project interest after completing more than 20,000 m of diamond core drilling.

    Boundiali Project JORC Mineral Resource Estimate

    Aurum has announced a maiden independent JORC mineral resource estimate of 1.59 Moz gold for its 1,037 sq. km. The Boundiali Gold Project comprises the BST, BDT1 & BDT2, BMT1 and BMT3 deposits. Drilling is ongoing on these deposits, and Aurum has identified other prospects at Boundiali which have yet to be drilled. Since October 2023, the company has completed an extensive 63,927-metre diamond drilling program. This aggressive exploration campaign has rapidly defined a significant gold resource of 50.9 Mt @ 1.0 g/t gold for 1.6 million ounces.

    In August 2025, Aurum announced a 50 percent increase in the JORC Mineral Resource Estimate (MRE). The update adds 820koz, lifting Boundiali’s resource to 2.41Moz and boosting total group resources to 3.28Moz, including Napié. The 2025 MRE covers six deposits, including BST1, BDT1, BDT2, BDT3, BMT1, and BMT3, with drilling ongoing and additional untested targets offering strong growth potential.

    Aurum is working towards completing an open pit PFS for the Boundiali Gold Project by the end of 2025. This will provide an evaluation of the project’s economics and technical feasibility.

    Napié Gold Project

    Aurum holds a 90 percent interest in the Napié Project in north-central Côte d’Ivoire, acquired through its takeover of Mako Gold. Located approximately 30 km southeast of Korhogo, the project covers a 224 sq km land package with a 30 km strike length along the highly prospective Napié Shear Zone.

    As of June 2022, Napié hosts a JORC 2012 Mineral Resource Estimate of 868,000 ounces of gold (22.5 Mt at 1.20 g/t Au), based on the Tchaga and Gogbala deposits—two of four known prospects along the shear. To date, only 13 percent of the Napié Shear has been explored, leaving substantial potential for further discoveries.

    Napié Project – Previous results with detailed mapping area on Komboro Prospect shown in black rectangle

    Project Highlights:
    • Gold Resource: Shallow open pit 0.87Moz JORC Resource at 1.20g/t Au, with mineralisation open along strike and at depth. Maximum resource depth between 160 m – 195m across the two deposits
    • Exploration Upside: Less than 13 percent of the 30 km Napié Shear has been explored, offering significant potential for resource growth.
    • Preliminary Recovery Test Work: Returned more than 94 percent average gold recoveries.
    • Resource Growth Target: First MRE update planned end of 2025, to significantly expand the resource base.
    • Infrastructure: Excellent access to hydroelectricity, roads, and water, supporting future development.

    Management Team

    Troy Flannery – Non-executive Chairman

    Troy Flannery has more than 25 years’ experience in the mining industry, including nine years in corporate and 17 years in senior mining engineering and project development roles. He has a degree in mining engineering, masters in finance, and first-class mine managers certificate of competency. Flannery has performed non-executive director roles with numerous ASX listed companies and was the CEO of Abra Mining until October 2021. He has worked at numerous mining companies, mining consultancy and contractors, including BHP, Newcrest, Xstrata, St Barbara Mines and AMC Consultants.

    Dr. Caigen Wang – Managing Director

    Dr. Caigen Wang founded Tietto Minerals (ASX:TIE), where he led the company as managing director for 13 years through private exploration, ASX listing, gold resource definition, project study and mine building to become one of Africa’s newest gold producers at its Abujar gold mine in Côte d’Ivoire. He holds a bachelor, masters and PhD in mining engineering. He is a fellow of AusIMM and a chartered professional engineer of Institution of Engineer, Australia. Wang has 13 years of mining academic experience in China University of Mining and Technology, Western Australia School of Mine and University of Alberta, and over 20 years of practical experience in mining engineering and mineral exploration in Australia, China and Africa. Other professional experience includes senior technical and management roles in mining houses, including St. Barbara, Sons of Gwalia, BHP Billiton, China Goldmines PLC and others.

    Mark Strizek – Executive Director

    Mark Strizek has nearly 30 years’ experience in the resource industry, having worked as a geologist on various gold, base metal and technology metal projects. He brings invaluable geological, technical and development expertise to Aurum, most recently as an executive director at Tietto Minerals’, which progressed from an IPO to gold production at the Abujar gold project in West Africa. Strizek has worked as an executive with management and board responsibilities in exploration, feasibility, finance, and development-ready assets across Australia, West Africa, Asia, and Europe.

    Steve Zaninovich – Non-Executive Director

    Ateve Zaninovich is a qualified engineer with over 25 years of experience in mining project development, business development, maintenance, and operational readiness, with a focus on gold, base metals, and lithium. He is currently director of operations at Kodal Minerals, where he is responsible for advancing the Bougouni Lithium Project. His previous roles include project director at Lycopodium Minerals for the Akyem Gold Project in Ghana and chief operating officer at Gryphon Minerals. Following Gryphon’s acquisition by Teranga Gold Corporation, he became vice-president of major projects and a member of Teranga’s executive management team.

    This post appeared first on investingnews.com

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    Investing

    Alvopetro Energy

    Investing 9 Mins Read

    Investor Insight

    Brazil’s expanding natural gas market, supported by an attractive and stable regulatory framework and fiscal regime, presents a unique opportunity for Alvopetro Energy to leverage its high-potential upstream and midstream assets. In early 2025, Alvopetro also announced a strategic entry into Western Canada focused on the prolific Mannville stack play fairway in Saskatchewan. With capital investment opportunities in Canada and Brazil, Alvopetro is on the pathway for long-term growth.

    Overview

    Alvopetro Energy (TSXV:ALV;OTCQX:ALVOF) is an independent energy company focused on unlocking onshore natural gas in Brazil while expanding its footprint into Canada. The company is recognized as Brazil’s first integrated onshore natural gas producer, having established a unique model that combines upstream production, midstream infrastructure and long-term sales agreements with stable pricing linked to Brent and Henry Hub benchmarks.

    Since commencing production in 2020, Alvopetro has delivered strong operating results, sector-leading netbacks and consistent dividends. With a disciplined capital allocation strategy, approximately half of the cash flow from operations has been reinvested in organic growth, while the remainder has been returned to shareholders through dividends, debt reduction and share repurchases. This balance has underpinned exceptional shareholder returns, including a cumulative 1,495 percent total shareholder return since 2018.

    Alvopetro’s growth is anchored by two pillars: its high-margin natural gas business in the Recôncavo Basin of Bahia, Brazil, and its newly established Western Canadian heavy oil platform. Together, these assets provide a diversified base of production and reserves, supporting near-term growth and long-term value creation.

    Headquartered in Calgary, Canada, and operating in Salvador, Brazil, Alvopetro is led by a proven management team with extensive international oil and gas experience. The company is committed not only to profitable growth but also to sustainable development, investing in local communities through education, entrepreneurship, cultural programs and biodiversity initiatives.

    Company Highlights

    • Alvopetro is a leading independent upstream and midstream gas operator in the state of Bahia, Brazil.
    • The company’s growth strategy targets opportunities with the best combinations of geological prospectivity and fiscal regime. In Brazil, Alvopetro is focused on unlocking Brazil’s on-shore natural gas potential, building off the development of its Caburé and Murucututu natural gas fields strategic midstream infrastructure. In Canada, four wells have been drilled and are on production and Alvopetro has expanded its land base with potential for over 100 drilling locations.
    • Over 95 percent of Alvopetro’s Brazil production is from natural gas and the company has a 2P reserve base of 9.1 million barrels of oil equivalent (MMboe) with a before-tax NPV10 of $327.8 million.
    • The company generates highly attractive operating netbacks and profitability per unit of production, setting it apart from its Latin American and North American peers. The state of Bahia boasts a favorable fiscal regime with low royalties and Alvopetro’s projects are eligible for a 15 percent income tax rate.

    Key Projects

    Caburé

    The company’s flagship Caburé asset has historically delivered the majority of the company’s production. The project is a joint development of a conventional natural gas discovery across four blocks, two held by Alvopetro and two by its partner.

    Following the first redetermination in 2024, Alvopetro’s working interest in Cabure increased to 56.2 percent, entitling the company to a larger share of production. The unitized area includes eight producing wells and all necessary production facilities. Gross unit production capacity has increased by 33 percent to 21.2 million cubic feet per day (MMcfpd), and an ongoing development program includes five additional wells, four of which have already been drilled.

    Murucututu Gas

    Immediately north of Caburé, Murucututu is a 100 percent owned Alvopetro asset with significant growth potential. Independent reserves evaluators have assigned 2P reserves of 4.6 MMboe, with an additional 4.5 MMboe of risked best estimate contingent resources and 10.2 MMboe of risked best estimate prospective resources.

    The company successfully completed the 183-A3 well in 2024 and drilled the 183-D4 well updip of the 183-A3 well in 2025, bringing the 183-D4 well online in August 2025, which achieved initial production of 953 barrels of oil equivalent per day (boepd). With field production facilities already in place, Alvopetro plans a multi-year development program targeting both the Gomo and Caruaçu formations, including at least six more development wells.

    Midstream – Infrastructure and marketing

    Alvopetro owns and operates all of the key infrastructure needed to process and deliver its natural gas. Production from Caburé and Murucututu is transported via Alvopetro’s 11-kilometre transfer pipeline to its UPGN gas processing facility, which has a capacity of more than 18 MMcfpd.

    At the UPGN, condensate and water are removed, with condensate sold at a premium to Brent. Processed natural gas is delivered to the Bahiagás city gate, with onward transportation through a 15-kilometre distribution pipeline into Bahia’s Camacari industrial complex. Under the long-term gas sales agreement with Bahiagás, pricing is set quarterly based on Brent and Henry Hub benchmarks. An updated agreement, effective January 1, 2025, increased firm sales volumes by 33 percent, further securing Alvopetro’s cash flow stability.

    Western Canadian Growth Platform

    Beyond Brazil, Alvopetro has expanded its global footprint into North America with the establishment of a new heavy oil growth platform in Western Canada. The company holds a 50 percent working interest in 27.5 sections (8,890 net acres) of Mannville conventional heavy oil lands in Alberta and Saskatchewan, in partnership with an experienced operator, where we are deploying leading edge open hole multilateral drilling technology:

    The diagram above depicts the evolution of drilling technology to develop a ¼ section of land. On the far left, traditional development would have required 32 vertical wells. Technology then advanced to horizontal wells, as depicted in the middle of the diagram with 4 separate wells. Today, multilateral drilling technology (as depicted on the far right) allows for just a single well with 6+ open-hole lateral legs developing the ¼ section of land. Alvopetro’s first 2 wells drilled in Saskatchewan each included 6 lateral legs. A total of 15 km of open-hole horizontal legs were drilled.

    The Mannville stack is a multi-zone fairway with shallow depths, lower geological risk and attractive drilling economics. The first two earning wells were drilled with more than 15 km of open hole and brought into production in April 2025. Two additional wells were drilled in Big Gully in July 2025, with more than 19 km of open hole, with oil sales from the new wells are expected to commence in September 2025.

    With the potential for more than 100 drilling locations, the Canadian platform provides Alvopetro with a complementary source of long-term production growth.

    Management Team

    Corey C. Ruttan – President, Chief Executive Officer and Director

    Corey C. Ruttan is the president, chief executive officer and director of Alvopetro. He was the president and CEO of Petrominerales, from May 2010 until it was acquired by Pacific Rubiales Energy in November 2013. Prior to that, he was the vice-president of finance and chief financial officer of Petrominerales. From March 2000 to May 2010, Ruttan was the senior vice-president and chief financial officer of Petrobank Energy and Resources, and held increasingly senior positions with Petrobank since its inception in 2000. He also served as executive vice-president and chief financial officer of Lightstream Resources from October 2009 to May 2010; served as vice-president of Caribou Capital from June 1999 to March 2000; and manager financial reporting of Pacalta Resources from May 1997 to June 1999. He began his career at KPMG where he worked from September 1994 to May 1997. Ruttan obtained his Bachelor of Commerce degree majoring in accounting from the University of Calgary in 1994 and his chartered accountant designation in 1997.

    Alison Howard – Chief Financial Officer

    Alison Howard is a chartered accountant with over 20 years of experience in Canadian and international taxation, accounting and finance. Howard joined Petrominerales in July 2011 as a tax manager and was subsequently promoted to tax director. From May 2008 to July 2011, Howard was the tax manager at Petrobank Energy and Resources. Prior to that, Howard spent a number of years at Deloitte LLP in Calgary. She obtained her Bachelor of Commerce degree from the University of Saskatchewan in 1999.

    Adrian Audet – VP, Asset Management

    Adrian Audet joined Petrominerales in 2013 and has held increasingly senior roles with Alvopetro since its inception. Audet has spent extensive time in Bahia overseeing the operations, realizing extensive cost savings and improvements in efficiency. Previously, Audet held engineering roles with increasing responsibility in the oil and gas industry. Audet began his career in 2006 and completed his masters and undergraduate degrees in mechanical engineering at the University of Alberta. Audet is a professional engineer registered with APEGA and is a CFA charterholder.

    Nanna Eliuk – Exploration Manager

    Nanna Eliuk is a professional geophysicist (M.Sc.) with over 23 years of diversified petroleum exploration and development experience. She has expertise in conventional and unconventional plays in both carbonate and clastic reservoirs in different depositional and structural settings (including pre-salt) in various basins around the world. Prior to joining Alvopetro, Eliuk was the senior explorationist of Condor Petroleum (Kazakhstan) for two years, and prior thereto, she was the vice-president of geophysics and land for Waldron Energy. Eliuk started her career in 1997, holding progressively senior roles at Husky Energy for five years, and at Compton Petroleum for over six years. Her extensive experience includes geophysical evaluation and analysis for business development opportunities and new ventures in various international basins, along with regional mapping, play fairway analysis, petroleum system evaluation, prospect definition, and seismic attribute analysis. Eliuk holds a masters degree in geology and geophysics, and a BSc. in geology.

    Darcy Reynolds – Western Canadian Business Unit Lead

    Darcy Reynolds, P.Geo is the Western Canadian Business Unit Lead with over 20 years of subsurface and asset evaluation experience across Western Canada. For the past 12 years, Reynolds has focused on heavy oil development, including horizontal multilateral wells, enhanced oil recovery (waterflood, polymer, CO₂), and thermal SAGD projects. He has held senior leadership and technical roles at Rubellite Energy (senior geologist), Cenovus Energy (geoscience director), Husky Energy (geoscience director), and Talisman Energy (geology manager). Reynolds holds a B.Sc. in Geology from the University of Alberta and is a registered professional geoscientist with APEGA

    Frederico Oliveira – Country Manager

    Frederico Oliveira has held increasingly senior roles since 2008 and has expertise in regulations, contracts, partnerships, management and cost efficiency. He has held management roles in large private companies in Brazil, performing strategic planning, project implementation, process restructuring, efficiency and productivity improvements, and cost control. Oliveira obtained an MBA from the Federal University of Minas Gerais in 2004 and a Bachelor of Science degree in Mechanical Engineering from the Pontificia Universidade Catolica de Minas Gerais.

    This post appeared first on investingnews.com

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    Investing

    Altech Batteries LtdBearer Bond Funds Received

    Investing 4 Mins Read

    Perth, Australia (ABN Newswire) – Altech Batteries Limited (ASX:ATC,OTC:ALTHF) (FRA:A3Y) (OTCMKTS:ALTHF) is pleased to announce that it has received EUR1M in funds from the remaining Bearer Bond facility in place with major shareholder Deutsche Balaton. The original facility was for EUR2.5M and this has now been adjusted by mutual agreement to EUR2M. The full EUR2M has now been drawn down.

    As announced to the ASX on 25 March 2025, the Company advised that it is in the process of selling its Malaysian land to help fund the ongoing development of the CERENERGY(R) battery project and the Silumina Anodes(TM) battery materials project, as well as to support general working capital requirements.

    The Company also announced that it had entered into a binding Bond Note Subscription Deed with its major shareholder Deutsche Balaton AG, under which Altech could drawdown up to EUR2.5M in cash in the form of interest-bearing Bearer Bonds.

    As the Bond Note Subscription Deed involved the Company granting a security interest over the Company’s Malaysian land, shareholder approval was required. The Company convened a General Meeting on 13 May 2025 and shareholders approved all Resolutions put to the General Meeting. The Company then applied to have the Malaysian land security registered with the relevant land authority, being Johor Corp. Although there were no laws or regulations precluding Johor Corp from registering the land security, it considered Deutsche Balaton AG a ‘non-lending foreign entity’ and advised that accordingly it was not comfortable in registering the land security.

    The Company’s wholly owned subsidiary Altech Chemicals Sdn. Bhd. is the holder of the lease agreement over the Malaysian land. The only asset of value within Altech Chemicals Sdn. Bhd. is the lease agreement over the Malaysian land. In order to provide the security to Deutsche Balaton AG so as to drawdown the Bearer Bonds, the Company enforced security over the shares of Altech Chemicals Sdn. Bhd. in favour of Deutsche Balaton AG in lieu of the land security.

    On 20 August 2025, the Company’s wholly owned subsidiary Altech Chemicals Australia Pty Ltd (shareholder of Altech Chemicals Sdn. Bhd.) executed a Share Charge with Deutsche Balaton AG in connection with the Bond Note Subscription Deed. Pursuant to the Share Charge, Altech Chemicals Australia Pty Ltd has offered as a continuing Security for the due and punctual payment of all the requirements of the Bond Note Subscription Deed, charged all its rights, title and interest to all of the shares held in Altech Chemicals Sdn. Bhd. in favour of Deutsche Balaton AG. The Security is a continuing security and will extend to the ultimate balance of the due and punctual payment of all the requirements of the Bond Note Subscription Deed.

    On 20 August 2025, the Company executed an Amendment Deed to the Bond Note Subscription Deed. Under the terms of the Amendment Deed, the agreed amount of bonds available to be drawdown was reduced from EUR2.5M to EUR2.0M. Additionally, the Company’s Meckering land was offered as additional security for the due and punctual payment of all the requirements of the Bond Note Subscription Deed.

    Altech Meckering Pty Ltd, the Company’s wholly owned subsidiary and holder of the Meckering land, has entered into a mortgage over the Meckering Land in favour of Deutsche Balaton AG as a continuing Security for the due and punctual payment of all the requirements of the Bond Note Subscription Deed.

    About Altech Batteries Ltd:

    Altech Batteries Limited (ASX:ATC,OTC:ALTHF) (FRA:A3Y) is a specialty battery technology company that has a joint venture agreement with world leading German battery institute Fraunhofer IKTS (‘Fraunhofer’) to commercialise the revolutionary CERENERGY(R) Sodium Alumina Solid State (SAS) Battery. CERENERGY(R) batteries are the game-changing alternative to lithium-ion batteries. CERENERGY(R) batteries are fire and explosion-proof; have a life span of more than 15 years and operate in extreme cold and desert climates. The battery technology uses table salt and is lithium-free; cobalt-free; graphite-free; and copper-free, eliminating exposure to critical metal price rises and supply chain concerns.

    The joint venture is commercialising its CERENERGY(R) battery, with plans to construct a 100MWh production facility on Altech’s land in Saxony, Germany. The facility intends to produce CERENERGY(R) battery modules to provide grid storage solutions to the market.

    Source:
    Altech Batteries Ltd

    Contact:
    Corporate
    Iggy Tan
    Managing Director
    Altech Batteries Limited
    Tel: +61-8-6168-1555
    Email: info@altechgroup.com

    Martin Stein
    Chief Financial Officer
    Altech Batteries Limited
    Tel: +61-8-6168-1555
    Email: info@altechgroup.com

    News Provided by ABN Newswire via QuoteMedia

    This post appeared first on investingnews.com

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    Politics

    Israel takes 40% of Gaza City with eyes on military rule in forceful new offensive

    Politics 2 Mins Read

    Israel has 40% control of Gaza City as the Israel Defense Forces are now preparing to seize the entire area, an Israeli military spokesperson confirmed Thursday. 

    Brig. Gen. Effie Defrin told reporters at a news briefing that his forces had already secured large neighborhoods in its latest offensive.

    ‘We continue to damage Hamas’ infrastructure,’ he said before adding: ‘Today we hold 40% of the territory of Gaza City.’

    ‘We will continue to operate until all the war’s objectives are achieved. First and foremost, the return of the hostages and the dismantling of Hamas’ rule,’ he added.

    Last week, Israel declared Gaza City in the north a combat zone, with some districts designated red zones, urging Palestinians to leave.

    Senior officials warned that military rule may be imposed and Palestinians were told to evacuate to the south, with some of Prime Minister Benjamin Netanyahu’s coalition partners pushing for a permanent Israeli settlement in Gaza.

    Meanwhile, Gaza health officials said at least 53 Palestinians were killed Thursday, most in Gaza City, as Israeli forces pressed deeper into eastern suburbs.

    Residents reported heavy bombardments in Zeitoun, Sabra, Tuffah and Shejaia while tanks advanced into Sheikh Radwan, northwest of the city center, crushing homes and setting fires in encampments.

    Mahmoud Bassal, spokesperson for Gaza’s civil emergency service, said the bombardment destroyed four buildings in what he described as a ‘fire belt’ targeting civilians.

    ‘Even if Israel issues warnings, there are no places that can accommodate the people,’ he said.

    On the evacuations, Israeli officials say 70,000 people have fled Gaza City so far, though Palestinian authorities contend far fewer have left, with tens of thousands still in the path of advancing forces.

    Israel launched its major Gaza City offensive on Aug. 10 under ‘Operation Gideon’s Chariots,’ deploying tens of thousands of reservists to fight together with its regular troops.

    There are still 48 hostages believed to be held in Gaza.

    Netanyahu initially said Israel would conquer all of Gaza after indirect talks with Hamas on a ceasefire and hostage release deal broke down in July.

    This post appeared first on FOX NEWS

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    Hegseth vows to rebuild military deterrence so enemies ‘don’t want to f— with us’

    Politics 3 Mins Read

    COLUMBUS, Ga. — During a trip to Fort Benning on Thursday, Defense Secretary Pete Hegseth said the department is working on re-establishing deterrence, ‘so that when the enemy sees an American, they don’t want to f— with us.’

    The comments came after Hegseth spoke at an Officer Candidate School (OCS) graduation ceremony, where candidates were commissioned as second lieutenants in the Army or ensigns in the Navy.

    Following the ceremony, he made remarks at the Infantry Basic Officer Leader Course luncheon — sharing stories about his children wanting Army Ranger shirts, and noting the proudest moment of his life would be saluting them if they earned it.

    Hegseth also touched on military priorities under the Trump administration, noting the Department of Defense’s focus is rebuilding the military to ensure it has the best possible equipment from the warfighter perspective, across all services. 

    ‘And then reestablishing deterrence, so that when the enemy sees an American, they don’t want to f— with us,’ Hegseth said. ‘Because they know they’ll get the business end of the best warrior on the planet. We’re reestablishing that. Whether it’s midnight hammer, or freedom of navigation, or narco-traffickers that are poisoning the American people.’

    He said the world knows that when President Donald Trump speaks, he means business, adding that the graduates are the faces of that deterrence. 

    ‘It’s you that we remember, and we think of, when we make decisions,’ Hegseth said. ‘It’s the job of policymakers and leaders in our positions to look down and say, ‘We’ve asked you to do tough things, we’re going to have your back when you do it.’ We’re going untie your hands and make sure you can unleash hell in Yemen. Absolute violence of action. 

    ‘We’re going to push decision-making authority down to you, the platoon level, the company level, the battalion unit level, as much as possible.’

    During the trip, the secretary also teased that the Defense Department may have a new name on Friday, which Fox News Digital’s Diana Stancy and Emma Colton were first to confirm.

    Trump will sign an executive order allowing the department to use the ‘Department of War’ as a secondary title, along with phrases like ‘secretary of war’ for Hegseth.

    The order also directs Hegseth to propose legislative and executive actions to make the name change permanent.

    Fox News Digital’s Diana Stancy and Emma Colton contributed to this report.

    This post appeared first on FOX NEWS

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