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The Trump administration has repeatedly assigned additional job roles to Cabinet members and other officials amid government shake-ups as the president solidifies his agenda for the coming years, Fox News Digital found. 

Secretary of Transportation Sean Duffy was the latest Trump official to be charged with an additional role on June 9. The Transportation chief and Trump ally now also serves as the administration’s acting NASA administrator, after the president pulled a former nominee’s name from consideration to lead NASA. 

Duffy, however, is not alone in taking on multiple roles within Trump’s second administration. Fox News Digital looked back on the various Trump Cabinet members and officials who have or are currently wearing multiple hats as the president works to realign the federal government to track with his ‘America First’ policies. 

Sean Duffy 

Duffy, a former Republican congressman from Wisconsin, was tapped to oversee the Department of Transportation and was confirmed by the Senate on Jan. 28. Since his confirmation, Duffy has juggled a handful of crises related to tragic plane crashes — including the Potomac River mid-air collision on Jan. 29 — and air traffic control issues that plagued New Jersey’s Liberty International Airport earlier this year. 

Trump posted to Truth Social on Wednesday evening that Duffy would also serve as interim chief of NASA. 

‘I am pleased to announce that I am directing our GREAT Secretary of Transportation, Sean Duffy, to be Interim Administrator of NASA,’ Trump wrote in his announcement. 

‘Sean is doing a TREMENDOUS job in handling our Country’s Transportation Affairs, including creating a state-of-the-art Air Traffic Control systems, while at the same time rebuilding our roads and bridges, making them efficient, and beautiful, again. He will be a fantastic leader of the ever more important Space Agency, even if only for a short period of time. Congratulations, and thank you, Sean!’

Duffy replaced Janet Petro, who has served as acting NASA administrator since Trump’s inauguration. The president had previously nominated an Elon Musk ally named Jared Isaacman to lead NASA, but pulled his nomination in June as Trump’s and Musk’s relationship hit the rocks over the ‘One Big Beautiful Bill.’

‘Honored to accept this mission. Time to take over space. Let’s launch,’ Duffy posted to X of the new role. 

Marco Rubio 

Rubio and the Trump administration came under fire from Democrats for the secretary of state holding multiple high-profile roles in the second administration, including Democrats sounding off on the national security council shake-up on Sunday news shows. 

‘There’s no way he can do that and do it well, especially since there’s such incompetence over at DOD with Pete Hegseth being secretary of defense and just the hollowing out of the top leadership,’ Illinois Democrat Sen. Tammy Duckworth said on CBS’s ‘Face the Nation.’ ‘There’s no way he can carry all that entire load on his own.’

‘I don’t know how anybody could do these two big jobs,’ Democrat Virginia Sen. Mark Warner said Sunday on CNN’s ‘State of the Union.’

Rubio’s roles in the administration include leading the State Department; serving as acting archivist of the United States after Trump ousted a Biden-era appointee; serving as acting administrator of the U.S. Agency for International Development as the admin works to dissolve the independent agency by September; and taking the helm as the interim national security advisor. Rubio’s role overseeing USAID concluded at the start of July when the State Department officially absorbed the agency. 

When asked about the trend of Trump officials wearing multiple work hats back in May, the White House reflected in comment to Fox News Digital on former President Joe Biden’s ‘disaster of a Cabinet.’ 

‘Democrats cheered on Joe Biden’s disaster of a Cabinet as it launched the botched Afghanistan withdrawal, opened the southern border to migrant criminals, weaponized the justice system against political opponents, and more,’ White House spokesperson Anna Kelly told Fox News Digital in May. ‘President Trump has filled his administration with many qualified, talented individuals he trusts to manage many responsibilities.’ 

The Trump administration has repeatedly brushed off concern over Rubio holding multiple roles, most notably juggling both his State Department leadership and serving as acting national security advisor. Similarly, former President Richard Nixon in 1973 named then-National Security Advisor Henry Kissinger to simultaneously serve as secretary of state. 

‘You need a team player who is very honest with the president and the senior team, not someone trying to build an empire or wield a knife or drive their own agenda. He is singularly focused on delivering the president’s agenda,’ an administration official told Politico. 

Despite Democratic rhetoric that Rubio was taking on too many roles, the former Florida senator helped oversee the U.S.’ successful strikes on Iran in June, which destroyed a trio of nuclear facilities and decimated the country’s efforts to advance its nuclear program. 

Kash Patel

FBI Director Kash Patel, who railed against the ‘deep state’ and vowed to strip corruption from the federal law enforcement agency ahead of his confirmation, was briefly charged with overseeing the of the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) in February after the Biden-era director resigned in January. 

Patel was later replaced by Secretary of the Army Daniel Driscoll as acting ATF director in a job change that was publicly reported in April. 

‘Director Kash Patel was briefly designated ATF director while awaiting Senate confirmations, a standard, short-term move. Dozens of similar re-designations have occurred across the federal government,’ the White House told Reuters in April. ‘Director Patel is now excelling in his role at the FBI and delivering outstanding results.’

Daniel Driscoll 

Driscoll was sworn in as the 26th secretary of the Army in February. The secretary of the army is a senior-level civilian official charged with overseeing the management of the Army and also acts as an advisor to the secretary of defense in matters related to the Army. 

It was reported in April that Driscoll was named acting ATF director, replacing Patel in that role. 

‘Mr. Driscoll is responsible for the oversight of the agency’s mission to protect communities from violent criminals, criminal organizations, and the illegal trafficking of firearms, explosives, and contraband. Under his leadership, the ATF works to enforce federal laws, ensure public safety, and provide critical support in the investigation of firearms-related crimes and domestic and international criminal enterprises,’ his ATF biography reads. 

Ahead of Trump taking office, Republican Reps. Eric Burlison of Missouri and Lauren Boebert of Colorado introduced legislation to abolish the ATF, saying the agency has worked to strip Second Amendment rights from U.S. citizens. 

The ATF has been tasked with assisting the Department of Homeland Security in its deportation efforts under the Trump administration. 

Doug Collins 

Former Georgia Republican Rep. Doug Collins was sworn-in as the Trump administration’s secretary of Veterans Affairs in February, a Cabinet-level position tasked with overseeing the department and its mission of providing health, education and financial benefits to military veterans. 

Days after his confirmation as VA secretary, Trump tapped Collins to temporarily lead two oversight agencies: the Office of Government Ethics and the Office of Special Counsel. 

The Office of Government Ethics is charged with overseeing the executive branch’s ethics program, including setting ethics standards for the government and monitoring ethics compliance across federal agencies and departments. 

The Office of Special Counsel is charged with overseeing and protecting the federal government’s merit system, most notably ensuring federal whistleblowers don’t face retaliation for sounding the alarm on an issue they’ve experienced. The office also has an established secure channel to allow federal employees to blow the whistle on alleged wrongdoing. 

The Office of Special Counsel also enforces the Hatch Act, which bans executive branch staffers, except the president and vice president, from engaging in certain forms of political activity

Jamieson Greer 

Trump’s trade representative, Jamieson Greer, has also been tapped for multiple roles within the administration, in addition to help leading the administration’s tariff negotiations to bring parity to the U.S.’ chronic trade deficit with other nations. 

Greer took on Collins’ roles as acting director of the Office of Government Ethics and as acting special counsel of the Office of Special Counsel on April 1. 

Trump nominated conservative attorney Paul Ingrassia to lead the Office of Special Counsel in May. 

Russell Vought 

Trump named his former director of the Office of Management and Budget under his first administration, Russell Vought, to the same role in his second administration. Vought was confirmed as the federal government’s budget chief in February. 

Days later, Vought was also named the acting director of the Consumer Financial Protection Bureau (CFPB).  

The CFPB is an independent government agency charged with protecting consumers from unfair financial practices in the private sector. It was created in 2010 under the Obama administration after the financial crash in 2008. Democrat Massachusetts Sen. Elizabeth Warren originally proposed and advocated for the creation of the agency.

The CFPB came under fierce investigation from the Department of Government Efficiency in February, with mass terminations rocking the agency before the reduction in force initiative was tied up in court. 

Ric Grenell 

President Donald Trump’s former ambassador to Germany and acting director of national intelligence under his first term, a pair of roles held at separate times in the first administration, currently serves as president of the Kennedy Center and special presidential envoy for special missions of the United States. 

The John F. Kennedy Center for the Performing Arts serves as the national cultural center of the U.S. Trump notably serves as the center’s chair of the board, with Grenell saying the center will see a ‘golden age’ of the arts during Trump’s second administration through productions and concerts that Americans actually want to see after years of the performing arts center running in the red. 

Trump named Grenell as his special presidential envoy for special missions to the United States in December before his inauguration, saying Grenell will ‘work in some of the hottest spots around the world, including Venezuela and North Korea.’

In this role, Grenell helped lead the administration through its response to the wildfires that tore through Southern California in the last days of the Biden administration through the beginning days of the Trump administration. 

Fox News Digital’s Jasmine Baehr contributed to this report. 

This post appeared first on FOX NEWS

State Department spokesperson Tammy Bruce said the agency is poised to move ‘quickly’ after the Supreme Court shot down a lower court’s ruling blocking the Trump administration from implementing widescale reductions in force across the federal government. 

‘I think it’s fair to say that with everything else that happens [at the State Department], it will happen quickly,’ Bruce said when asked how soon the agency would begin issuing notices to department employees. ‘This is not going to be an extended wait for people who are listening and watching in this building, or fellow Americans at home and around the world, this will happen quickly.’

Bruce pointed out that, up to this point, the only reason there has been a delay in implementing force reductions at the Department of State, is because of the courts that have stepped in to try to halt the reforms.

‘There has been a delay – not to our interests, but because of the courts,’ Bruce added. ‘It’s been difficult when you know you need to get something done for the benefit of everyone. So it will be – it will be quickly.’ 

However, while Bruce indicated the agency would be moving ‘quickly,’ she declined to provide any specific timeline. 

She also declined to provide specifics around whether a court order that followed the Supreme Court’s decision authorizing the Trump administration’s reductions in force, which seeks to resolve a dispute over whether the administration must publicly share the reasoning for their reorganization efforts, might slow down the process. 

The court order seeking to determine whether the Trump administration must publicly share the details of their planned reforms and reductions in force across the government was signed by U.S. District Court Judge Susan Illston. 

It was Illston’s previous ruling in May that temporarily blocked the Trump administration from implementing its executive agency reforms, which the Supreme Court overturned this week.

Illston’s May ruling stemmed from lawsuits initiated by labor unions and advocacy groups, which argued the president’s February work reduction executive order was an overreach of power and undermined certain civil service protections.

This post appeared first on FOX NEWS

The Trump administration repeatedly has assigned additional job roles to Cabinet members and other officials amid government shake-ups as the president solidifies his agenda for the coming years, Fox News Digital found. 

Secretary of Transportation Sean Duffy was the latest Trump official assigned an additional role Wednesday. The Transportation chief and Trump ally now also serves as the administration’s acting NASA administrator after the president pulled a former nominee’s name from consideration to lead NASA. 

Duffy, however, is not alone in taking on multiple roles within Trump’s second administration. Fox News Digital looked back on the various Trump Cabinet members and officials wearing multiple hats as the president works to realign the federal government with his ‘America First’ policies. 

Sean Duffy 

Duffy, a former Republican congressman from Wisconsin, was tapped to oversee the Department of Transportation and was confirmed by the Senate Jan. 28. Since his confirmation, Duffy has juggled a handful of crises related to tragic plane crashes, including the Potomac River midair collision Jan. 29 and air traffic control issues that plagued New Jersey’s Liberty International Airport earlier in 2025. 

Trump posted to Truth Social Wednesday evening that Duffy would also serve as interim chief of NASA. 

‘I am pleased to announce that I am directing our GREAT Secretary of Transportation, Sean Duffy, to be Interim Administrator of NASA,’ Trump wrote in his announcement. 

‘Sean is doing a TREMENDOUS job in handling our Country’s Transportation Affairs, including creating a state-of-the-art Air Traffic Control systems, while at the same time rebuilding our roads and bridges, making them efficient, and beautiful, again. He will be a fantastic leader of the ever more important Space Agency, even if only for a short period of time. Congratulations, and thank you, Sean!’

Duffy replaced Janet Petro, who has served as acting NASA administrator since Trump’s inauguration. The president had previously nominated an Elon Musk ally named Jared Isaacman to lead NASA but pulled his nomination in June as Trump’s and Musk’s relationship hit the rocks over the ‘big, beautiful bill.’

‘Honored to accept this mission. Time to take over space. Let’s launch,’ Duffy posted to X of the new role. 

Marco Rubio 

Rubio and the Trump administration came under fire from Democrats for the secretary of state holding multiple high-profile roles in the second Trump administration, including Democrats sounding off on the national security council shake-up on Sunday news shows. 

‘There’s no way he can do that and do it well, especially since there’s such incompetence over at DOD with Pete Hegseth being secretary of defense and just the hollowing out of the top leadership,’ Illinois Democratic Sen. Tammy Duckworth told CBS’ ‘Face the Nation.’ ‘There’s no way he can carry all that entire load on his own.’

‘I don’t know how anybody could do these two big jobs,’ Democratic Virginia Sen. Mark Warner said on CNN’s ‘State of the Union.’

Rubio’s roles in the administration include leading the State Department, serving as acting archivist of the United States after Trump ousted a Biden-era appointee, serving as acting administrator of the U.S. Agency for International Development as the administration who works to dissolve the independent agency by September and taking the helm as the interim national security advisor. Rubio’s role overseeing USAID concluded at the start of July when the State Department officially absorbed the agency. 

When asked about the trend of Trump officials wearing multiple work hats in May, the White House reflected in a comment to Fox News Digital on former President Joe Biden’s ‘disaster of a Cabinet.’ 

‘Democrats cheered on Joe Biden’s disaster of a Cabinet as it launched the botched Afghanistan withdrawal, opened the southern border to migrant criminals, weaponized the justice system against political opponents and more,’ White House spokesperson Anna Kelly told Fox News Digital in May. ‘President Trump has filled his administration with many qualified, talented individuals he trusts to manage many responsibilities.’ 

The Trump administration repeatedly has brushed off concerns over Rubio holding multiple roles, most notably juggling both his State Department leadership and serving as acting national security advisor. Similarly, former President Richard Nixon in 1973 named National Security Advisor Henry Kissinger to simultaneously serve as secretary of state. 

‘You need a team player who is very honest with the president and the senior team, not someone trying to build an empire or wield a knife or drive their own agenda,’ an administration official told Politico. ‘He is singularly focused on delivering the president’s agenda.’ 

Despite Democratic rhetoric that Rubio was taking on too many roles, the former Florida senator helped oversee successful U.S. strikes on Iran in June, which destroyed a trio of nuclear sites and decimated the country’s efforts to advance its nuclear program. 

Kash Patel

FBI Director Kash Patel, who railed against the ‘deep state’ and vowed to strip corruption from the federal law enforcement agency ahead of his confirmation, was briefly charged with overseeing the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) in February after the Biden-era director resigned in January. 

Patel was later replaced by Secretary of the Army Daniel Driscoll as acting ATF director in a job change that was reported publicly in April. 

‘Director Kash Patel was briefly designated ATF director while awaiting Senate confirmations, a standard, short-term move. Dozens of similar re-designations have occurred across the federal government,’ the White House told Reuters in April. ‘Director Patel is now excelling in his role at the FBI and delivering outstanding results.’

Daniel Driscoll 

Driscoll was sworn in as the 26th secretary of the Army in February. The secretary of the army is a senior-level civilian official charged with overseeing the management of the Army and also acts as an advisor to the secretary of defense in matters related to the Army. 

It was reported in April that Driscoll was named acting ATF director, replacing Patel in that role. 

‘Mr. Driscoll is responsible for the oversight of the agency’s mission to protect communities from violent criminals, criminal organizations, and the illegal trafficking of firearms, explosives, and contraband,’ his ATF biography states. ‘Under his leadership, the ATF works to enforce federal laws, ensure public safety, and provide critical support in the investigation of firearms-related crimes and domestic and international criminal enterprises,’

Ahead of Trump taking office, Republican representatives Eric Burlison of Missouri and Lauren Boebert of Colorado introduced legislation to abolish the ATF, saying the agency has worked to strip Second Amendment rights from U.S. citizens. 

The ATF has been tasked with assisting the Department of Homeland Security in its deportation efforts under the Trump administration. 

Doug Collins 

Former Georgia Republican Rep. Doug Collins was sworn in as the Trump administration’s secretary of Veterans Affairs in February, a Cabinet-level position tasked with overseeing the department and its mission of providing health, education and financial benefits to military veterans. 

Days after his confirmation as VA secretary, Trump tapped Collins to temporarily lead two oversight agencies, the Office of Government Ethics and the Office of Special Counsel. 

The Office of Government Ethics is charged with overseeing the executive branch’s ethics program, including setting ethics standards for the government and monitoring ethics compliance across federal agencies and departments. 

The Office of Special Counsel is charged with overseeing and protecting the federal government’s merit system, most notably ensuring federal whistleblowers don’t face retaliation for sounding the alarm on an issue they’ve experienced. The office also has an established secure channel to allow federal employees to blow the whistle on alleged wrongdoing. 

The Office of Special Counsel also enforces the Hatch Act, which bans executive branch staffers, except the president and vice president, from engaging in certain forms of political activity

Jamieson Greer 

Trump’s trade representative, Jamieson Greer, has also been tapped for multiple roles within the administration, in addition to helping lead the administration’s tariff negotiations to bring parity to the chronic U.S. trade deficit with other nations. 

Greer took on Collins’ roles as acting director of the Office of Government Ethics and as acting special counsel of the Office of Special Counsel April 1. 

Trump nominated conservative attorney Paul Ingrassia to lead the Office of Special Counsel in May. 

Russell Vought 

Trump named his former director of the Office of Management and Budget under his first administration, Russell Vought, to the same role in his second administration. Vought was confirmed as the federal government’s budget chief in February. 

Days later, Vought was also named the acting director of the Consumer Financial Protection Bureau (CFPB).  

The CFPB is an independent government agency charged with protecting consumers from unfair financial practices in the private sector. It was created in 2010 under the Obama administration after the financial crash in 2008. Democratic Massachusetts Sen. Elizabeth Warren originally proposed and advocated for the creation of the agency.

The CFPB came under fierce investigation from the Department of Government Efficiency in February, with mass terminations rocking the agency before the reduction in force initiative was tied up in court. 

Ric Grenell 

President Donald Trump’s former ambassador to Germany and acting director of national intelligence under his first term, a pair of roles held at separate times in the first administration, currently serves as president of the Kennedy Center and special presidential envoy for special missions of the United States. 

The John F. Kennedy Center for the Performing Arts serves as the national cultural center of the U.S. Trump notably serves as the center’s chair of the board, and Grenell said the center will see a ‘golden age’ of the arts during Trump’s second administration through productions and concerts that Americans actually want to see after years of the performing arts center running in the red. 

Trump named Grenell as his special presidential envoy for special missions to the United States in December 2024 before his inauguration, saying Grenell will ‘work in some of the hottest spots around the world, including Venezuela and North Korea.’

In this role, Grenell helped lead the administration through its response to the wildfires that tore through Southern California in the last days of the Biden administration through the beginning days of the Trump administration. 

Fox News Digital’s Jasmine Baehr contributed to this report. 

This post appeared first on FOX NEWS

The State Department informed U.S.-based employees on Thursday that it would soon begin laying off nearly 2,000 workers after the recent Supreme Court decision allowing the Trump administration to move forward with mass job cuts as part of its efforts to downsize the federal workforce.

The agency’s reorganization plan was first unveiled in April by Secretary of State Marco Rubio to eliminate functions and offices the department considered to be redundant. In February, President Donald Trump issued an executive order directing Rubio to revamp the foreign service to ensure that the president’s foreign policy is ‘faithfully’ implemented.

Employees affected by the agency’s ‘reduction in force’ would be notified soon, Deputy Secretary for Management and Resources Michael Rigas told employees in an email on Thursday.

‘First and foremost, we want to thank them for their dedication and service to the United States,’ Rigas said in the email.

‘Every effort has been made to support our colleagues who are departing, including those who opted into the Deferred Resignation Programs … On behalf of Department leadership, we extend our gratitude for your hard work and commitment to executing this reorganization and for your ongoing dedication to advancing U.S. national interests across the world,’ he added.

The department did not specify on Thursday how many people would be fired, but in its plans to Congress sent in May, it had proposed laying off about 1,800 employees of the 18,000 estimated domestic workforce. Another 1,575 were estimated to have taken deferred resignations.

The plans to Congress did not state how many of these workers would be from the civil service and how many from the foreign service, but it did say that more than 300 of the department’s 734 bureaus and offices would be streamlined, merged or eliminated.

Once affected staff have been notified, the department ‘will enter the final stage of its reorganization and focus its attention on delivering results-driven diplomacy,’ Rigas said in the email to colleagues.

The expectation is for the terminations to start as soon as Friday.

State Department spokesperson Tammy Bruce told reporters earlier on Thursday that the only reason there had been a delay in implementing force reductions is because the courts have stepped in, as she said the mass layoffs would be happening quickly.

‘There has been a delay – not to our interests, but because of the courts,’ Bruce noted. ‘It’s been difficult when you know you need to get something done for the benefit of everyone.’

‘When something is too large to operate, too bureaucratic, to actually function, and to deliver projects, or action, it has to change,’ she said.

Reuters contributed to this report.

This post appeared first on FOX NEWS

Royal Gold (NASDAQ:RGLD) has announced plans to acquire Sandstorm Gold (TSX:SSL,NYSE:SAND) and Horizon Copper (TSXV:HCU,OTCQB:HNCUF) in a pair of deals valued at a combined US$3.7 billion.

The companies involved confirmed the transactions in back-to-back press releases on Monday (July 7).

Royal Gold will acquire Sandstorm Gold in an all-share transaction worth approximately US$3.5 billion, and will separately acquire Horizon Copper for US$196 million in cash.

The deal will consolidate three complementary portfolios into a single entity operating under the Royal Gold name, with 393 royalty and streaming interests, including 80 cash-flowing assets. Upon closing, Sandstorm shareholders will own 23 percent of the newly combined Royal Gold, with existing Royal Gold shareholders retaining 77 percent.

Sandstorm President and CEO Nolan Watson called the announcement “a significant milestone.’

“This transaction rewards Sandstorm shareholders in the near term while also offering a compelling opportunity to own a large-scale, world-class streaming and royalty company with continued upside potential,” he said. “Joining forces with Royal Gold will amplify the strengths of Sandstorm’s portfolio and unlock new opportunities for our shareholders.”

The resulting pro-forma Royal Gold will be heavily weighted toward precious metals, with gold contributing 75 percent of 2025 revenues. Its portfolio will span North and South America, Africa and select operations in Asia and Europe.

The expanded company will also inherit exposure to a pipeline of high-profile development assets, including the MARA copper-gold project in Argentina by Glencore (LSE:GLEN,OTC Pink:GLCNF), Hod Maden in Turkey by SSR Mining (TSX:SSRM,NASDAQ:SSRM,ASX:SSR), Platreef in South Africa by Ivanhoe Mines (TSX:IVN,OTCQX:IVPAF) and the Warintza copper project in Ecuador under Solaris Resources (TSX:SLS,NYSEAMERICAN:SLSR).

Another notable addition is the Mount Milligan mine in BC, where Royal Gold holds rights to significant gold and copper streams. The site, operated by Centerra Gold (TSX:CG,NYSE:CGAU), is expected to produce up to 185,000 ounces of gold and 60 million pounds of copper in 2025.

Royal Gold will also strengthen its interests in assets like the Cortez Complex and Pueblo Viejo mine. Jointly owned by Barrick Mining (TSX:ABX,NYSE:GOLD) and Newmont (TSX:NGT,NYSE:NEM), Pueblo Viejo’s plant was recently expanded; output is targeted at an average of 800,000 ounces of gold annually on a 100 percent basis through the mid-2040s.

Also included is a 1.66 percent net profit interest in Antamina, a major copper producer in Peru operated by a Glencore-led joint venture. A US$2 billion expansion was recently approved to extend mine life through 2036.

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

This post appeared first on investingnews.com

China’s grip on the battery metals sector has drawn increasing scrutiny in recent years as nations confront growing concerns around supply chain risk and resource security.

Through a blend of domestic output and aggressive overseas investment, particularly in Africa and South America, Chinese companies now command a significant share of upstream supply.

The country is responsible for roughly 60 percent of global rare earths production and controls over 70 percent of cobalt supply through its stakes in mines across the Democratic Republic of Congo.

Meanwhile, its lithium footprint continues to grow through key assets in Chile, Argentina and Australia, reinforcing China’s strategic control across the entire battery metals value chain.

In addition to resource extraction China also firmly controls the global midstream of the battery metals supply chain, particularly in refining and processing. The country currently accounts for approximately 70 to 72 percent of lithium refining and 68 percent of cobalt refining, with similar dominance in graphite and rare earth processing.

China’s control of the battery metals supply chain was a dominant theme at the Fastmarkets Lithium Supply & Battery Raw Materials conference held at the end of June in Las Vegas.

During the “Building North America’s Sustainable EV and ESS Supply Chain” expert panelists explored complex forces shaping the battery supply chain, pointing to the intersection of commodities, geopolitics and evolving technologies as critical pressure points.

Chris Berry, founder and president of House Mountain Partners, stressed the importance of mastering midstream production amid shifting chemistries, and called for bold action, specifically, increased funding for refining and next-generation processing.

He also advocated for selective collaboration with China, highlighting the necessity of leveraging mutual strengths in a deeply interlinked global market.

For Berry, a convergence of high interest rates, volatile metal prices and deepening policy uncertainty is keeping critical investment sidelined at a time when it’s most needed.

Speaking to current market dynamics, Berry noted that while capital was readily available two years ago — when lithium traded around US$80,000 per tonne and other metals saw record highs — today’s environment is far less favorable.

“The cost of capital is much higher, and policy uncertainty is the biggest issue investors are grappling with,” he said, pointing to unpredictable tariff measures and export controls as key deterrents.

For institutional investors and private equity funds, that lack of clarity makes it nearly impossible to deploy capital into battery supply chains with confidence.

The timing couldn’t be worse, Berry added, as nations seek to reindustrialize and compete with China’s dominant position. “Any delay in getting money into the ground today means falling further behind tomorrow.”

Lithium’s boom/bust cycle

After 15 years in the lithium space and three boom-bust cycles, Berry sees the market once again caught between extremes.

“In each cycle, prices have overshot on the upside and overcorrected on the downside,” he said, noting that lithium peaked around US$85,000 per metric ton in late 2022 — well above sustainable levels.

Fast forward to mid-2025, and the price has tumbled to just over US$8,000, a level Berry also considers unsustainable given the strength of long-term demand.

Despite price volatility, he still expects lithium demand to grow by 20 percent annually through the end of the decade — requiring the industry to double in size by 2030. But with investor hesitation and incentive pricing far off, capital is slow to flow into new supply.

“How is it supposed to double when the economics aren’t there?” he asked, warning that delays today could set the stage for the next inevitable boom. For now, opaque pricing and limited market visibility continue to challenge investors and developers alike.

Western refining capacity

During his panel discussion Berry suggested that the west look to the midstream segment of the battery metals supply chain as an opportunity for growth.

“I would fund the refining portion of the supply chain, whether that’s refining raw materials, lithium, nickel, what have you, or magnets, next generation technology. That to me, is really the bottom line and where the government should focus,” he told the attendees.

Berry expanded on his answer explaining that mines can take over a decade to be fully permitted while refining and processing sites have a much shorter lead time.

For Berry, the buildout of western refining and processing is the logical step in wresting some of the supply chain control out of China’s hands.

“If we’re talking about how we can lessen dependence on China? That’s how you do it. You strike a deal with raw material providers or producers. Maybe they’re Canadian, maybe they’re Australian, maybe it’s Chilean. Maybe it’s a country in Africa. But, the process of capacity is absolutely critical. It’s much faster to production,” he said.

Partnership and collaboration

While Berry is adamant that more refining capacity outside of China is needed, he is not opposed to strategic partnerships and alliances with the nation.

“It’s a US$500 billion a year relationship. You think about trade between the US and China, and I don’t even know if it’s feasible to unwind that,” he said during the panel.

“I don’t think it’s wise to be honest with you, but with respect to the EV supply chain, I just think, why wouldn’t we try and find a way to selectively partner and leverage each other’s strengths?”

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

This post appeared first on investingnews.com

Torex Gold (TSX:TXG,OTCQX:TORXF) is taking a step toward diversification with its planned acquisition of Reyna Silver (TSXV:RSLV,OYCQB:RSNVF), a junior explorer with early stage projects in Mexico and the US.

The US$26 million all-share deal, announced in late June, is set to close later this year and marks Torex’s first major move outside its flagship Mexico-based Morelos Complex.

The acquisition comes at a pivotal moment for Torex. The company is in the early ramp-up phase at its Media Luna project, part of the Morelos Complex southwest of Mexico City.

The site also includes the ELG underground and open-pit mines, which together produced 452,523 ounces of gold in 2024, meeting guidance for the sixth consecutive year at an all-in sustaining cost (AISC) of US$1,156 per ounce.

Looking ahead to 2025, Torex is forecasting production of 400,000 to 450,000 gold equivalent ounces, but expects a higher AISC range of US$1,400 to US$1,600 per ounce as development spending continues.

CEO Jody Kuzenko said the Reyna deal reflects Torex’s broader strategy to build out a pipeline of earlier-stage projects.

Reyna’s exploration-stage portfolio offers Torex low-cost entry into silver-rich terrain, while also signaling a shift in the producer’s long-term vision — one that includes earlier-stage risk and greater geographic flexibility.

Kuzenko stated that, with the company’s exploration team already having spent months conducting due diligence, Torex is ready to hit the ground running once the transaction is complete. She also noted the company had already developed conceptual programs and expects to commence work shortly after closing.

“We plan to leverage the same systematic approach to exploration employed at Morelos through which we effectively identify, rank, evaluate and prioritize targets with the success of the system demonstrated by the reserve and resource growth we have experienced at Morelos over the last several years,” Kuzenko said.

With the acquisition, Torex will gain immediate access to Reyna’s Mexican silver assets, including:

  • Guigui, a 4,750 hectare property covering a significant portion of the Santa Eulalia Mining District in Chihuahua. The area has a history of mining dating back to the 1700s and has recorded the production of 450 million ounces of silver.
  • Batopilas, a 1,183 hectare site that covers 94 percent of the Batopilas Mining District, which has significant deposits of native silver. Historic mining at the site produced an estimated 200 million to 300 million ounces of silver dating back to the mid-1600s.

Until now, Torex has primarily focused on operations in Mexico; however, with the takeover of Reyna, the company also has the option to acquire a 70 percent stake in the Griffin Summit project, located along the Carlin Trend in Nevada, US. The project covers an area of 10,300 hectares and is prospective for gold, silver and critical minerals.

Additionally, Torex will also have an option to acquire a 100 percent interest in the Medicine Springs project, also located in Nevada. The property spans 4,831 hectares south of Elko and is situated in a region with several large gold mines operated by major companies, including Newmont (TSX:NGT,NYSE:NEM) and Barrick Mining (TSX:ABX,NYSE:B).

Previous exploration at the site identified lead, zinc and silver mineralization.

“What attracted us to Reyna Silver is the immediate exposure to a portfolio of four properties in key mining regions of northern Mexico and Nevada,” Kuzenko said. She added that with the completion of Media Luna, Morelos is now positioned as the company’s flagship operation and serves as a foundation upon which it can build from.

Although shareholders won’t vote on the transaction until August, Kuzenko noted that the acquisition has the full support of management and the board of directors at Reyna Silver.

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

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For Ekin Ober, bringing generative artificial intelligence (AI) to the critical metals sector through her work at Aethos Labs wasn’t just about technological innovation — it reshaped how she thinks about strategy and sustainability in mining.

Now a principal at Kinterra Capital, Ober applies that broad, cross-disciplinary lens to investment decisions, emphasizing the importance of digital fluency, stakeholder alignment and long-term viability.

Her experience helps her identify operational bottlenecks and social license challenges early — essential in guiding assets like nickel and copper projects from concept to production.

While mining has long been viewed as a slow adopter of new technologies, Ekin Ober sees the tide turning — especially when it comes to AI.

However one of the largest learning curves has been educating industry stakeholders about the value of generative AI.

“They don’t need to be tech experts,” she said, “but it’s our job to show them how the tools work, and how their concerns can be addressed.”

As AI gains traction across the sector, she noted that even conservative markets are beginning to host dedicated discussions on the technology — a sign that change is accelerating.

How AI is being deployed

In addition to benefiting project planning through better modeling and digital twin, AI is making mining more efficient, safe and environmentally responsible.

In exploration, startups like KoBold use machine learning to analyze geological data, drastically cutting the time and cost of identifying potential lithium, copper, nickel and cobalt deposits

Operationally, majors such as Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO), BHP (ASX:BHP,NYSE:BHP,LSE:BHP) and Freeport-McMoRan (NYSE:FCX), deploy AI-powered autonomous haul trucks, drills and predictive maintenance systems that have slashed downtime and fuel use by up to 15 percent, while boosting throughput by 10 to 15 percent.

On the environmental front, AI tools optimize water management, monitor air quality and reduce waste, BHP’s Escondida mine reportedly saved over 3 gigaliters of water and 118 gigawatt hours of energy since 2022.

While AI isn’t without its own controversy, usually arising from its energy consumption, Ober explained that AI integration can help reduce a mining site’s overall energy intensity.

It is estimated that one billion daily AI prompts utilize 340 megawatt hours of electricity each day, while a mining site can use upwards of 1000 – 5000 megawatt hours. According to data from Natural Resources Canada, global mining operations consume 3 percent – 6 percent of the world’s electricity.

Together, AI can help the mining sector better target deposits and reduce the amount of energy deployed.

“Drill holes (alone) use 3000 liters of diesel. And when you look at grinding, grinding ore is 70 percent of the mine’s electricity (consumption),” said Ober.

She added: So if you’re using the technology for scans, you’re able to use computer vision and scan a core, or look at the geography to reduce the number of drills, or the grinding exercise that you’re going through, then it can actually save 1000s of hours of energy, conserving more than it consumes.”

From policy bottlenecks to permit approvals

This efficiency has made AI data sets appealing to governments as well. Through initiatives like DARPA’s CriticalMAAS and a collaboration with the US Geological Survey, AI models can now transform geologic map processing — from years to mere days — by automating georeferencing and mineral feature extraction.

These tools help rapidly assess hundreds of critical minerals across vast regions, accelerating decision-making and reducing exploration risk.

Meanwhile, the Pentagon’s AI-driven metals forecasting program, now managed by the Critical Minerals Forum, models supply, pricing and policy scenarios to bolster US sourcing strategies — especially for rare earths, nickel and cobalt.

For Ober, AI can also be integral to the often extended permitting process, while also implementing ESG goals and best practices. She explained that at Kinterra, AI is already playing a key role in streamlining permitting assessments, one of the most complex hurdles in mine development.

The firm has built a closed-loop system using large language models layered with its own criteria and values, including permitting stages, Indigenous engagement and community sentiment. The tool filters thousands of data points — from state filings to news releases and emails — extracting only what’s relevant.

Jurisdiction-specific updates are then summarized and delivered directly into Microsoft Teams, offering a real-time, digestible overview of key permitting signals.

“We need the company and the community to be engaged,” she said. “We take a very proactive approach. We engage very early on.”

Industry wide Ober sees AI improving the efficiency and transparency of mining permitting.

“One of the biggest concerns we hear is around security,” said Ober. “But we already trust companies like Google, Microsoft and Apple with sensitive data every day. If you’re using legitimate tools with strong policies in place, it’s manageable.”

Ober believes AI’s biggest value lies in its ability to accelerate slow, document-heavy government processes.

“Permitting can stall a project for years — not because of technical issues, but because no one has time to read the documents,” she said. “That’s where AI can help. Large language models can extract key information, layer in governance or environmental criteria and summarize it in a way that’s actionable.”

To address the risk of accuracy, Kinterra has designed its systems to generate traceable outputs.

“You can click a link and go straight to the original document and quote,” she explained, adding that this level of transparency is crucial for regulators and investors alike.

“It’s hard to commit capital when you don’t know if or when a permit will be granted,” she said. “AI won’t replace people, but it can get us to decision points faster — something the entire sector needs.”

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

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Maritime Resources (TSXV:MAE) is a Canadian gold development company advancing the fully permitted, high-grade Hammerdown project in Newfoundland & Labrador’s prolific Baie Verte mining district. A past-producing asset, Hammerdown is shovel-ready and de-risked, with construction underway and first ore deliveries to the Pine Cove Mill anticipated between late summer and early fall 2025.

Hammerdown is uniquely positioned to capitalize on existing infrastructure, with close access to paved roads, power, ports, and Maritime’s wholly owned Pine Cove processing facility. Unlike many greenfield developers, Maritime is pursuing a low-capex, staged production strategy—leveraging its established infrastructure and skilled local workforce to reduce costs, mitigate risk, and fast-track value creation through near-term cash flow generation amid record-high gold prices.

Hammerdown project site

Looking ahead, Maritime Resources aims to establish a 100,000 oz/year production platform by integrating nearby deposits—including Orion, Stoger Tight, and Deer Cove—and reactivating its 700 tpd Nugget Pond gold plant. The company’s extensive regional land package spans over 435 sq km of highly prospective terrain, with strong potential for gold, VMS, and porphyry-style mineralization.

Company Highlights

  • Near-term Gold Production: First production targeted for H2/2025 from the fully permitted Hammerdown open pit project.
  • High-grade Gold Reserves: 1.9 Mt at 4.46 g/t gold (272 koz) proven and probable reserves support initial 35,000-45,000 oz/year production.
  • Low-CAPEX Startup: Initial capital estimated at C$15 to $20 million, among the lowest in the sector for a new mine, leveraging Maritime’s fully operational Pine Cove mill
  • Owned Processing Infrastructure: Pine Cove Mill (1,300 tpd, operational) and the Nugget Pond gold plant (700 tpd CIP circuit, on standby).
  • Exploration Upside: 435 sq km land package includes multiple brownfield and greenfield targets proximal to infrastructure.
  • Institutional Backing: Strong support from Dundee Corporation, Eric Sprott and other institutions.
  • Local Workforce Advantage: Fully staffed Pine Cove Mill with 100 percent local residents

This Maritime Resources profile is part of a paid investor education campaign.*

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Stallion Uranium Corp. (the ‘ Company ‘ or ‘ Stallion ‘ ) ( TSX-V: STUD ; OTCQB: STLNF ; FSE: FE0 ) announces that further to its news release of July 8, 2025, announcing that it had entered into a technology data acquisition agreement, the Company clarifies that the technology licensing agreement is dated effective July 7, 2025 and not April 24, 2025. For further information in respect of this transaction, please refer to the Company’s news release of July 8, 2025.

 

  About Stallion Uranium Corp.:  

 

 Stallion Uranium is working to ‘Fuel the Future with Uranium’ through the exploration of roughly 1,700 sq/km in the Athabasca Basin, home to the largest high-grade uranium deposits in the world. The company, with JV partner Atha Energy holds the largest contiguous project in the Western Athabasca Basin adjacent to multiple high-grade discovery zones.

 

Our leadership and advisory teams are comprised of uranium and precious metals exploration experts with the capital markets experience and the technical talent for acquiring and exploring early-stage properties. For more information visit stallionuranium.com .

 

  On Behalf of the Board of Stallion Uranium Corp.:  

 

Matthew Schwab
CEO and Director

 

  Corporate Office:  
700 – 838 West Hastings Street,
Vancouver, British Columbia,
V6C 0A6

 

T: 604-551-2360
info@stallionuranium.com  

 

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

 

  This news release contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation (collectively, ‘forward-looking statements’) that relate to the Company’s current expectations and views of future events. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as ‘will likely result’, ‘are expected to’, ‘expects’, ‘will continue’, ‘is anticipated’, ‘anticipates’, ‘believes’, ‘estimated’, ‘intends’, ‘plans’, ‘forecast’, ‘projection’, ‘strategy’, ‘objective’ and ‘outlook’) are not historical facts and may be forward-looking statements and may involve estimates, assumptions and uncertainties which could cause actual results or outcomes to differ materially from those expressed in such forward-looking statements. No assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this material change report should not be unduly relied upon. These statements speak only as of the date they are made.  

 

  Forward-looking statements are based on a number of assumptions and are subject to a number of risks and uncertainties, many of which are beyond the Company’s control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking statements. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. New factors emerge from time to time, and it is not possible for the Company to predict all of them or assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statement. Any forward-looking statements contained in this presentation are expressly qualified in their entirety by this cautionary statement .

 

   

 

 

News Provided by GlobeNewswire via QuoteMedia

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