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A Senate Republican argued that Senate Democrats are demanding tens of millions of dollars in foreign aid for LGBT projects, pastry cooking classes, electric buses and more in exchange for reopening the government.

Senate Democrats, led by Senate Minority Leader Chuck Schumer, D-N.Y., have remained steadfast in their position that unless a deal is struck to extend expiring Obamacare tax credits, they will not provide the votes needed to reopen the government.

But Sen. John Kennedy, R-La., charged on the Senate floor on Friday that his colleagues’ demands go beyond their healthcare push, and is being driven by the ‘socialist wing’ of the Democratic Party, and more specifically, by Rep. Alexandria Ocasio-Cortez, D-N.Y.

‘I don’t think Senator Schumer was the person in charge, because Senator Schumer is not the leader of the Socialist wing of his party, Congresswoman Ocasio-Cortez is,’ Kennedy said. ‘She’s running the show.’

When reached for comment, Ocasio-Cortez’s office pointed Fox News Digital to an interview she did with NBC News on Republicans’ claims that she was driving Democrats’ position. 

Ocasio-Cortez called the claims that she was running the show ‘ridiculous,’ and charged that Republicans were the ones that had shut down the government. 

‘It is so important to understand that these people are all talk, they are all talk, they are negotiating with Chuck Schumer and Hakeem Jeffries and Democratic leadership, and Democrats are united to that end,’ she said. 

He argued that congressional Democrats, driven by the far-left, wanted to unlock funding that Republicans and the White House had canceled earlier this year in the $9 billion rescissions package. 

The lawmaker listed out nearly $20 million in foreign aid funding that he alleged Democrats had their eyes on, including, $4.2 million for lesbian, gay, bisexual, transgender, queer, and intersex people in the Western Balkans and Uganda, $3.6 million for pastry cooking classes and dance focus groups for male prostitutes in Haiti, $6 million dollars for media organizations for the Palestinians and $3 million for circumcisions and vasectomies in Zambia.

He also accused congressional Democrats of seeking hundreds of thousands for electric buses in Rwanda, transgender people in Nepal, a pride parade in Lesotho and for social media and mentorship in Serbia.

‘I could spend the rest of the afternoon here,’ Kennedy said. ‘We took all that out.’

Kennedy’s office did not provide details to Fox News Digital when asked specifically where the funding he referred to could be found. 

And Democrats’ goal in their counter-proposal to Republicans’ continuing resolution (CR) did not include a repeal of the rescissions’ package, which saw billions in foreign aid canceled earlier this year. 

Their plan demanded a permanent extension to the expiring healthcare premium subsidies, nearly $200 million for beefed up security for lawmakers, a repeal of the healthcare title in the ‘One Big Beautiful Bill Act,’ a clawback of canceled funding for NPR and PBS, and stiffer guardrails on President Donald Trump’s rescission powers.

However, their CR does not include a provision that would undo the broader rescissions package passed earlier this year that canceled billions in foreign aid funding.

And Senate Democrats have remained bullish in their demand that Senate Republicans must negotiate with them on a deal for the Affordable Care Act (ACA) subsidies to earn their votes to reopen the government.

‘We have asked Republican leaders for months to sit down and talk to us, talk with us. They’ve refused and barreled us into a shutdown,’ Schumer said. ‘They thought they could bludgeon us and threaten us and scare us. It ain’t working, because my caucus and Democrats are adamant that we must protect the healthcare of the American people.’

Fox News reached out for comment from Schumer’s office but did not hear back immediately.

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A weekend away from Washington did little to soften Senate Democrats’ resolve as they again blocked Republicans’ effort to reopen the government, ensuring the shutdown will last at least a week.

Senate Minority Leader Chuck Schumer, D-N.Y., and most of his caucus are adamant that unless a deal is struck on expiring Affordable Care Act (ACA) tax credits, commonly known as ObamaCare subsidies, they will not provide the votes needed to fund the government.

Senate Majority Leader John Thune, R-S.D., needs at least eight Democrats to cross the aisle and support the GOP’s bill, which would reopen the government until Nov. 21.

However, only Sens. John Fetterman, D-Pa., Catherine Cortez Masto, D-Nev., and Angus King, I-Maine, have broken with their caucus to end the shutdown. Meanwhile, Sen. Rand Paul, R-Ky., remains the lone Republican to buck his party.

Senate Democrats have remained steadfast in their demand that a deal must be reached to extend expiring ObamaCare subsidies, which are set to expire at the end of the year. They argue that unless Congress acts, Americans who rely on the tax credits will see their healthcare premiums skyrocket.

Both Senate leaders are encouraging talks among rank-and-file members to find a solution, but neither side can agree on when exactly the subsidies should be dealt with.

When asked what the appetite for tackling the expiring subsidies was within the Senate GOP, Thune said it was ‘a mixed bag.’ 

‘But like I said, you know, there may be a path forward,’ he said. ‘I think a lot of it would come down to what the White House lands on that, but certainly not without reforms. And we all know the program is broken, it needs to be fixed, so that would be certainly a starting place.’

Schumer wants an additional bulwark added to a deal: President Donald Trump has to sign off on it, given that there may be resistance among House Republicans to extending the Affordable Care Act (ACA) subsidies.

‘Look, the bottom line on that is we need the president to be involved. [House Speaker Mike] Johnson and a whole lot of his caucus don’t like the ACA, don’t want to do the extensions,’ he said. ‘A lot of Republican senators in the Senate do, but they’re not enough. Good is not enough.’

‘You need Johnson and you need Trump to get it done,’ he continued. ‘So that’s the bottom line.’

Trump told reporters in the Oval Office that ‘we’re talking to the Democrats.’ When asked if he would work to make a deal with them on ObamaCare subsidies to reopen the government, he said ‘Yeah.’ 

‘I’d like to see a deal made for great healthcare,’ Trump said. Ii want to see great healthcare, I’m a republican but I want to see healthcare much more so than the Democrats.’ 

Schumer fired back in a statement that Trump’s ‘claim isn’t true — but if he’s finally ready to work with Democrats, we’ll be at the table.’

And Fetterman, who has routinely voted against shutting the government down regardless of which party controlled the Senate, recognized that without Trump’s greenlight, a deal would go nowhere.

He gave the example of a bipartisan border deal negotiated between Republicans and Democrats in the Senate in 2023 that was sidelined under orders from Trump.

‘It got tanked. Trump tanked that, and he wasn’t the president, and he didn’t have to sign that thing,’ Fetterman said. ‘So what I’m saying, where’s the leverage? Because ultimately, doesn’t he have to sign off on any of it anyway?’

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The government shutdown entered its sixth day on Monday, and Senate Democrats are so firmly planted in their position that unless there is a deal on expiring Obamacare tax credits, they will not reopen the government. 

Senate Minority Leader Chuck Schumer, D-N.Y., and his caucus have largely remained unflinching in their demand that Republicans and President Donald Trump agree to a deal on the tax credits, which are set to expire by the end of the year.

It’s one of several demands they made in their counter-proposal to the GOP’s continuing resolution (CR), and appears to be the one that they believe to be the most attainable. Their other demands, repealing the healthcare section of the ‘big, beautiful bill’ and putting guardrails on the rescissions, are a nonstarter for Republicans and the White House.

Still, no party that has introduced unrelated demands into a government shutdown fight has walked away with a victory. The last government shutdown in early 2019 saw Trump demand that Democrats provide funding for his border wall, and he walked away empty-handed.

Throughout last week, Senate Democrats maintained a posture that they wanted Republicans to come to the negotiating table on the subsidies, which are set to sunset at the end of this year. Conversations among members are ongoing, which both Schumer and Senate Majority Leader John Thune, R-S.D., have encouraged.

‘We want Democrats to talk with Republicans,’ Schumer said. ‘And so it’s a good thing.’

But, he countered that Republicans hadn’t offered ‘anything really new — just the same old stuff.’

‘And so, nothing new on [Obamacare], nothing on rescissions,’ he said. ‘And so, look, Democrats want to go back and negotiate again, but they got to negotiate with something, get something in return.’

Democrats’ initial push was to make the subsidies — created during the COVID-19 pandemic to ease the cost of healthcare premiums available through the Affordable Care Act (ACA) — permanent. The subsidies were later enhanced through the Inflation Reduction Act in 2022 when Democrats last had a trifecta in Washington. That change removed the income cap on the subsidies. 

Republicans have said that they are interested in working out something on the tax credits, but that there should be reforms to the program.

‘The Obamacare enhanced, or COVID subsidies, are inflationary, and rates have been going up because that program is fundamentally flawed in ways designed,’ Thune said. ‘That doesn’t mean it can’t be reformed and fixed. It can, but we can’t get to that conversation until we get the government back open.’

Lawmakers are set to again vote on Republicans’ CR, and it is again expected to fail for a fifth time Monday, given that no deal was struck over the weekend. Both sides agree that a deal won’t come from the top level, but will have to be borne from negotiations among rank-and-file members.

Sen. Mike Rounds, R-S.D., has been directly involved in the member-level negotiations and said that Republicans did want to tackle the Obamacare issue. But, Democrats have to agree to reopen the government first.

‘It would be nice if Sen. Schumer could say his shutdown is complete, but we suspect that it will take members of his conference to make that decision on his behalf,’ Rounds said. 

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House Speaker Mike Johnson, R-La., dismissed the top House Democrat’s demand for a primetime debate on the government shutdown.

Minority Leader Hakeem Jeffries, D-N.Y., wrote to Johnson on Monday morning challenging him to a debate on the House floor ‘any day this week,’ to be broadcast live ‘to the American people.’

Johnson suggested he would not entertain that, however, calling the move a ‘publicity stunt’ to reporters that same morning.

‘When the poll says that about 13% of the people approve of your messaging, then you make desperate pleas for attention, and that’s what Hakeem Jeffries has done,’ Johnson said.

‘We debated all this on the House floor. As you know, before we passed our bill, he spoke for seven or eight minutes. He had all of his colleagues lined up. They gave it their best shot, and they argued, and they stomped their feet and screamed at us and all that. And still we passed the bill in bipartisan fashion and sent it over to the Senate.’

The House speaker was referring to a short-term federal funding bill aimed at keeping the government running through Nov. 21, in order to give congressional negotiators more time to pass fiscal year (FY) 2026 spending priorities.

That bill passed the House largely along party lines — with two Republicans opposed and one Democrat in support — but has stalled in the Senate.

‘The House has done its job. I’m not going to let Hakeem try to pretend for theatrics. I mean, this is a [Senate Minority Leader Chuck Schumer, D-N.Y.] decision. The ball is in the Senate’s court now,’ Johnson said.

‘We don’t need to waste time on that nonsense. Those debates have been had. I mean, Hakeem is a friend and a colleague. I respect him, but we all know what he’s trying to do there.’

The government is in its sixth day of the current shutdown, with Senate Democrats having rejected the GOP-led funding plan four times.

Democrats in the House and Senate, infuriated by being sidelined in federal funding talks, have been pushing for an extension of Obamacare subsidies enhanced during the COVID-19 pandemic. Those enhancements would expire by the end of 2025 without congressional action.

‘Democrats have been clear and consistent in our position. The country needs immediate, bipartisan negotiations between the White House and congressional leadership in order to reach an enlightened spending agreement that reopens the government, improves the lives of hardworking American taxpayers and addresses the Republican healthcare crisis,’ Jeffries wrote to Johnson on Monday.

‘Unfortunately, Donald Trump and your party decided to shut down the government, because the GOP refuses to provide healthcare to everyday Americans. Further, you have kept House Republicans on vacation instead of working with Democrats to reopen the government.’

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Sen. Josh Hawley, R-Mo., tore into Special Counsel Jack Smith, accusing him of ‘spying on political opponents’ during the Jan. 6 probe and calling the alleged surveillance ‘an abuse of power beyond Watergate.’

The FBI, working under Smith’s direction, obtained call logs and metadata tied to nearly a dozen GOP senators, including Hawley, as part of its investigation into the Capitol riot, Fox News reported. The tracking involved call records and timestamps, not the content of the conversations.

Hawley told Fox News Digital on Monday that the newly released documents suggest that Biden’s administration was ‘spying on the president’s political opponents,’ which he called ‘a profound violation of the separation of powers.’

He said the activity fits what he views as part of a broader pattern of executive overreach under Biden, citing alleged surveillance of Catholic churches, parents at school board meetings and social media censorship.

‘The truth comes out. Biden’s Stasi who claimed to be saving ‘our sacred democracy’ in fact worked overtime to destroy it — all for power. They spied on Catholic churches, prosecuted pro-lifers, deployed the FBI against parents at school board meetings — and tried to tap the phones of their political enemies. Including mine,’ Hawley wrote on X.

‘This is an abuse of power beyond Watergate, beyond J. Edgar Hoover, one that directly strikes at the Constitution, the separation of powers, and the First Amendment,’ he continued. ‘We need a full investigation of all involved: who knew about it, who ordered it, and who approved it. Anyone and everyone who violated the law must be prosecuted. The way to save the country is to restore the rule of law.’

Hawley said he was targeted because he is a conservative Republican who vocally opposed Biden and ‘his lawlessness.’

‘It’s obviously totally partisan,’ the senator said, adding that he’s proud to have called out what he described as the abuse of power by the FBI. He also said the alleged conduct was ‘dangerous, very, very dangerous’ for the country.

Hawley said the scope of the alleged surveillance was even greater than Watergate.

‘This is worse than Watergate,’ he said, arguing that Biden ‘activated the entire government to go after anybody who dared to oppose him.’ He accused the administration of using agencies such as the FBI, DOJ and DHS to silence critics and monitor private citizens.

Hawley called for a full Justice Department investigation and said appointing a special counsel ‘who will devote their full attention to it’ would be appropriate.

‘We’ve got to have a total accountability, total transparency and a full accounting of everybody who was involved in this — everybody who knew about it, signed off on it, and had any part in it, and I just can’t imagine that this is legal… and anybody who committed legal violations needs to be prosecuted,’ he said.

Hawley has framed the controversy as a test of constitutional limits, saying the government must be held accountable when power is used to pursue political opponents instead of upholding the rule of law.

Fox News Digital’s Brooke Singman contributed to this report.

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President Donald Trump on Monday evening slammed Democratic lawmakers for shutting down the government amid one of ‘the most successful economies,’ calling on them to reopen the government tonight.

‘Democrats have SHUT DOWN the United States Government right in the midst of one of the most successful Economies, including a Record Stock Market, that our Country has ever had,’ Trump wrote on Truth Social. ‘This has sadly affected so many programs, services, and other elements of Society that Americans rely on — And it should not have happened.

‘I am happy to work with the Democrats on their Failed Healthcare Policies, or anything else, but first they must allow our Government to re-open,’ he added. ‘In fact, they should open our Government tonight!’

Trump made the post after Senate Democrats, again, blocked Republican efforts to reopen the government, ensuring the shutdown will last at least a week.

Senate Minority Leader Chuck Schumer, D-N.Y., and most Democrats say they won’t support funding the government unless Congress agrees to extend expiring ObamaCare subsidies.

Senate Majority Leader John Thune, R-S.D., needs at least eight Democrats to back the GOP bill, which would reopen the government through Nov. 21. So far, only Sens. John Fetterman, D-Pa., Catherine Cortez Masto, D-Nev., and Angus King, I-Maine, have broken ranks to end the shutdown, while Sen. Rand Paul, R-Ky., remains the only Republican holdout.

Democrats warn that without a deal to extend the subsidies expiring this year, millions could face soaring premiums. Both sides say they want an agreement but remain split over when to address the issue.

Schumer also wants assurance that Trump will sign any deal, pointing to expected resistance from House Republicans.

‘We need the president involved,’ Schumer said. ‘[House Speaker Mike] Johnson and a whole lot of his caucus don’t like the ACA, don’t want to do the extensions. A lot of Republican senators in the Senate do, but they’re not enough. Good is not enough. You need Johnson and you need Trump to get it done. So that’s the bottom line.’

Trump told reporters in the Oval Office, ‘we’re talking to Democrats.’ When asked if he’d work with them on a deal to reopen the government, he said, ‘Yeah.’

‘I’d like to see a deal made for great healthcare,’ Trump said. ‘I want to see great healthcare. I’m a Republican, but I want to see healthcare much more so than the Democrats.’

Schumer fired back, saying Trump’s ‘claim isn’t true — but if he’s finally ready to work with Democrats, we’ll be at the table.’

Fox News Digital’s Alex Miller contributed to this report.

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Two years since the horrific events of Oct. 7, 2023 when Hamas terrorists attacked Israel and killed 1,200 men, women and children, before they took 251 others into the Gaza Strip, there is still no hostage deal and Israeli Prime Minister Benjamin Netanyahu’s government is facing possible collapse. 

Netanyahu has found an unlikely ally in former Prime Minister and leader of the opposition, Yair Lapid, who extended a ‘security net’ to the conservative leader this week in a move to secure the government as negotiations with Hamas remain ongoing. 

‘Nothing is more important than making this deal, bringing our hostages back home,’ Lapid said in an interview with Fox News Digital. 

The need for Lapid’s political backing comes as right-wing leaders in Netanyahu’s coalition, National Security Minister Itamar Ben-Gvir and Finance Minister Bezalel Smotrich, have repeatedly criticized Netanyahu’s acceptance of President Donald Trump’s peace plan with Hamas and threatened to leave the coalition at numerous points over the last year. 

Netanyahu’s coalition lost its majority in the Israeli parliament in July when two ultra-Orthodox parties left their ministerial posts after an exemption that granted religious students a pass for military conscription expired. 

The move left Netanyahu’s coalition in control of just 50 of the 120 seats in the Knesset.

‘Now he’s totally dependent on the extreme alt-right within his government that says no to any deal [with Hamas],’ Lapid explained. 

When asked how likely he thought it was that special elections would be triggered once parliament returns from its Autumn break on Oct. 19, Lapid said, ‘very likely.’

A special election is unlikely to happen sooner than February or March 2026, Lapid explained, pointing to a designated time frame that allows for campaigning in Israel, should the Knesset trigger an early election cycle by November – just seven months sooner than the previously scheduled October 2026 elections. 

Lapid believes the Israeli public will favor a more centrist government that would encompass both the right and left, a move that would still prioritize Israeli security, but also ensure there is an end to the war in Gaza and repairs are made to Jerusalem’s international standing.

‘If there’s one thing I’m sorry about, [it] is the fact that nobody in the government has the political courage to stand up and say…this is a just war, we are doing what needs to be done in order to protect ourselves, but we are sorry for every child that loses his life,’ Lapid said. ‘Children should not die in grownups’ wars.’

‘As Jews, as human beings, as people who believe in Judeo-Christian traditions and morality, it’s heartbreaking,’ he added. 

Lapid said this failure of the current government not only led to ambiguity when it came to Israel’s strategy in countering Hamas, it fueled what he said is media bias and false reporting, and it cost Israel dearly in terms of international support, even among ‘groups that traditionally supported Israel.’

The opposition leader described a meeting he had with Netanyahu on Oct. 7, 2023, in which he said the prime minister appeared ‘gray and tired and old all of a sudden.’

 ‘I said something at that meeting that later on became a cliché – I said, ‘Prime Minister, this is the worst day for the Jewish people since the Holocaust. 

‘What we need to do, is form a unity government,’ he said. ‘You have to get rid of the extremists in your government, and we can create a unity of government because we have opposite us, a challenge that is unparalleled to anything you, or I, have ever seen.’

Lapid said Netanyahu was ‘reluctant’ to pursue this route. 

‘Until this day, I’m sorry about this. I thought it was the right thing to do, and I still think it was the right thing to do,’ he added. 

Netanyahu has spent 15 years as Israel’s prime minister, first serving from March 2009 to June 2021, before retaking the top job in December 2022. 

Lapid described his lengthy tenure as ‘admirable’ and emblematic of his ‘resilience.’

‘But in other ways, I can see now, to say politely, the benefits of the two-term limits that you have in the United States,’ he added.

The opposition leader said he thinks Israelis are ready for a ‘unity government’ in response to Netanyahu’s hard-right coalition, noting that he thinks the upcoming elections will be ‘interesting.’

‘It’s going to cross political lines, and it’s going to be based on hope,’ he added in reference to the bloc he is building. ‘I know it sounds like big words, but I’m telling you, it is what we need right now. 

‘It’s been the hardest two years of everybody’s lifetime. And the first time in a long, long time, the fragility of the Israeli society was tangible to us. And we need to rebuild,’ Lapid added. 

Netanyahu’s office did not respond to Fox News Digital’s questions by the time this report was published.

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African Discovery Group (OTC:AFDG) (‘AFDG‘ or the ‘Company‘) has signed a term sheet to acquire the Butembo Copper exploration license in the Democratic Republic of Congo (DRC) by acquiring 100% of the shares of SOCIETE GRABIN MINING SAS (the ‘Transaction‘). With this proposed acquisition, AFDG aims to create a combined copper company built to deliver value creation for the next century. Congo has an estimated $24 trillion worth of mineral wealth, according to the World Bank.

First standalone Congolese company in the United States

As part of the renewed strategic alliance and vision between the United States and the DRC to promote strategic minerals, the USA-DRC Economic Forum will be hosted in Washington DC in October, in follow-up to a successful investment hosted by President Trump of the United States and President Tshisekedi of DRC in August in Washington.

Massad Boulos, US Senior Advisor for Africa to President Trump recently stated, ‘I look forward to working with President Félix Tshisekedi and his team to build a deeper relationship that benefits the Congolese and American people, and to stimulate American private sector investment in the DRC, particularly in the mining sector, with the shared goal of contributing to the prosperity of both our countries.’ United States Secretary of State Marco Rubio further stressed the importance of protecting U.S. strategic interests in critical minerals, which are important for the tech sector, and bringing stability to the region. Reports indicate his involvement in DRC’s peace process was seen as using U.S. influence in the minerals trade to facilitate U.S. access to critical minerals. President Trump has further stated ‘Our partnership (with the DRC) would provide the U.S. with a strategic advantage by securing critical minerals such as cobalt, lithium, copper and tantalum from the Democratic Republic of Congo. U.S. companies are ready to step up and are eager to invest. But for them to succeed, they need transparency, predictable governance, and a stronger enabling environment in the DRC.’ At the time of the closing of the transaction, the combined company will become the first stand-alone DRC company to be publicly traded in the United States.

DRC’s copper production is among the largest in the world, with the DRC concentrating 65% of newly announced copper reserves identified worldwide in 2023, according to S&P Global Market Intelligence. Numerous highly valued copper companies have recognized DRC’s copper potential including Ivanhoe Mining Limited, one of DRC’s largest copper companies, Glencore, and the emerging entity of Kobold, a Jeff Bezos and Bill Gates based mining exploration startup. Copper’s demand is predicated on numerous items, including artificial intelligence related infrastructure build, telecommunications and building materials, amongst others.

The new management that will drive value creation are driven by Andrew Groves, whose previous strategic exits in resources on the African continent include: Founder and CEO of CAMEC PLC, a cobalt and copper producer in the DRC that sold to ENRC for a billion dollar exit, Founder and CEO of African Platinum PLC, that sold to Impala Platinum for $900mm, and the founder of Central African Gold that sold to New Dawn for $300mm. Aldo Cesano, who intends to join the Board of Directors of the company, brings over 40 years of experience in mining and logistics development across the DRC, Zimbabwe and Southern Africa. Andrew’s team will succeed as management in entirety post close of Transaction.

The stock-based transaction will create a copper exploration company, with a focus on creating value around Africa and DRC specifically focused on under explored basins of copper. On closing of the Transaction, the Company is expected to change corporate name, domicile, and trading symbol to reflect the nature of the new operations, and apply for an uplisting to the NASDAQ exchange, subject to regulatory approval. As part of the closing of the transaction, AFDG is expected to issue shares to SOCIETE GRABIN MINING SAS. The Transaction is expected to result in the existing AFDG shareholders retaining a minority ownership of the Company. AFDG is aiming to close the Transaction in Q4 2025, subject to due diligence and financing contingency.

On August 27, 2025, the United States government added copper to its draft list of strategic metals. According to veteran energy historian Daniel Yergin,’ only one metal represents the linchpin of the energy transition away from fossil fuels, with copper as that fundamental mineral that’s required for all aspects of the energy transition, including electric vehicles and batteries, charging infrastructure and the wires that comprise the grid itself, require more copper than the technologies used to produce energy from fossil fuels’. Current estimates that copper supply needs to double by 2035 — from the current 25 million metric tons per year to a record 50 million metric tons per year. The International Energy Agency (IEA) expects the supply-demand disparity to persist until 2050.

While the east of the DRC is relatively unexplored, prior to the independence of Zaire the Belgian’s had planned on building rail infrastructure from Kisangani to Goma, Bukavu and Bunia to export copper, tungsten, tin and other minerals and agricultural products from the region, plans that adjusted post independence. Traditionally, large mining companies have focused on Katanga province for copper and cobalt, given proximity to export markets and Southern African ports. Logistics are a key component to the project in the Eastern DRC, with the Consortium of Toha and Bulongo Logistics starting works on the Kisangani to Bukavu route via Lubutu (Asphalt road) towards the end of 2025. The consortium will fund the construction from 60% of the proceeds from the Kolwezi to Solwezi toll road project with a new border at Kasabinda, which should be completed by third quarter of 2026.

AFDG Chairman and Founder, Alan Kessler, who is expected to retain a role as a Director of the company post close of transaction, stated, ‘We are highly enthusiastic to move forward with such a promising Transaction for our company and our shareholders. Numerous tailwinds are expected to drive dramatic value creation, in conjunction with a high correlation to gold price at an all-time high and an easing US Federal reserve, Artificial Intelligence related infrastructure build, meets the energy transition, finds an emerging DRC. The confluence and timing of all of these global factors on the demand side, and constrained supply, ensures the highly promising nature of this opportunity.’

EAS Advisors LLC have been appointed as the corporate advisor for the Company on the Transaction.

About Butembo Copper Project

Butembo is a near surface, low strip, Tier one exploration opportunity, located near the Ruwenzori mountain location of Uganda’s biggest copper mine (Kilembe with 4 million tons of verified reserves), located only 50km from the Ugandan border with verified access to rail. The High-grade copper samples thus far have returned 18% Copper assays, which if maintained at production would rank amongst the highest globally.

About African Discovery Group

African Discovery Group, Inc., is a Delaware corporation, dedicated to the development of the African continent. AFDG’s wholly-owned subsidiary, ADG Subsidiary Corp., is a Delaware corporation (‘ADG’). AFDG’s primary businesses from which it intends to generate revenues in the future, include agriculture/sustainability, power, media, strategic minerals, and finance sectors on the African continent. The Company, through its wholly-owned subsidiary, is committed to all aspects of environmental, social and governance issues in its business.

Source

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The Trump administration is exploring a potential equity stake in Critical Metals (NASDAQ:CRML), a US-listed company developing Greenland’s massive Tanbreez rare earths deposit, people familiar with the discussions told Reuters.

This isn’t the White House’s first foray in the critical minerals space, as the President has been adamant about building domestic supply chains for in demand metals and minerals.

“Hundreds of companies are approaching us trying to get the administration to invest in their critical minerals projects,” according to a senior Trump administration official.

While nothing has been confirmed yet, the report acknowledged ongoing talks about a possible investment, which three sources said could stem from a conversion of a pending US$50 million Defense Production Act grant application into an equity position.

Rare earth elements, prized for their powerful magnetic properties, are indispensable for technologies ranging from electric vehicle motors and wind turbines to missile guidance systems.

With China currently dominating the mining and processing of these materials, the US has increasingly sought to diversify its supply chain by backing projects at home and abroad.

Critical Metals, which last year acquired the Tanbreez project for US$5 million in cash and US$211 million in stock, applied for the federal grant in June.

The discussions in recent weeks have centered on turning that request into a government stake worth roughly 8 percent, though the final figure and the deal itself remains uncertain.

The company has not publicly commented on the negotiations and did not respond to multiple requests for comment.

Earlier this month, the administration finalized an arrangement to take a 5 percent stake in Lithium Americas (TSX:LAC,NYSE:LAC) through warrants issued by the US Department of Energy (DOE) as part of a US$2.23 billion loan package for the Thacker Pass lithium project in Nevada.

The Greenland proposal represents a complementary push: rather than expanding domestic mining, it would give Washington a stake in one of the world’s most strategically located and largest mineral deposits outside China.

Tanbreez, situated in southern Greenland, is believed to contain a rich mix of rare earths and other critical elements used in magnets, batteries, and high-performance alloys.

Markets responded swiftly to the news. Shares of Critical Metals surged nearly 53 percent in premarket trading Monday following Reuters initial report of Washington’s interest, reaching their highest levels since the company’s public listing.

Critical Metals separately announced that it had raised US$35 million from an unnamed institutional investor to advance Tanbreez’s development, while also restating its financial results for the six months ended December 2024 and 2023.

Greenland, a semi-autonomous Danish territory, has become an emerging focal point of geopolitical and resource competition in the Arctic. Its vast mineral and hydrocarbon potential, combined with its proximity to North America and Europe, makes it strategically significant for both economic and security reasons.

The Trump administration’s growing focus on Greenlandic resources also coincides with private-sector activity in the region.

Last month, New York-based Pelican Acquisition (NASDAQ: PELI) announced a merger agreement with Greenland Exploration and March GL to form the Greenland Energy Company (NASDAQ:GLND), which will pursue oil and gas exploration in East Greenland’s Jameson Land Basin.

As the Trump administration considers reallocating up to US$2 billion from the CHIPS and Science Act to fund critical minerals projects, analysts see these developments as a sign that the US is deepening its commitment to securing supply chains from the Arctic.

If the Greenland deal proceeds, it would not just revive the territory’s mining ambitions but also mark one of the most symbolic extensions yet of Trump’s long-standing interest in the Arctic frontier.

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

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Gold continued to set new records on Monday (October 6), breaking US$3,900 per ounce.

After spending the summer months consolidating, the yellow metal began pushing higher toward the end of August. It quickly reached US$3,500 and continued on up, rising as high as US$3,972.60 on on Monday.

The yellow metal is up about 9 percent in the last month, and nearly 50 percent year-to-date.

Gold price, December 31, 2024, to October 6, 2025.

Gold’s latest rise began last week, after US Congress failed to reach an agreement on a spending bill ahead of the new fiscal year, triggering a government shutdown. The closure is now on its sixth day, with a key sticking point between Democrats and Republicans being an extension to billions of dollars in subsidies for Obamacare.

US President Donald Trump said on Monday that negotiations were taking place with Democrats and ‘could lead to very good things’ in terms of healthcare. However, Senator Chuck Schumer and Representative Hakeem Jeffries, Congress’ two Democrat leaders, said no talks are happening and that the White House ‘has gone radio silent.’

Beyond current events, gold’s rise is underpinned by factors like strong central bank buying, global geopolitical uncertainty, concerns about the US dollar and other fiat currencies and expectations of lower interest rates.

Those factors have many experts predicting a rise beyond US$4,000 for the precious metal, likely before the end of the year, although a correction is widely expected beforehand.

Against that backdrop, silver and platinum prices were also on the rise on Monday.

Silver, which broke US$48 per ounce last week, continued to trade above that amount, rising as high as US$48.74. The white metal is approaching its highest price ever and was last at the current level in 2011.

Meanwhile, platinum rose as high as US$1,645.90 per ounce after pushing through US$1,600 last week. Before taking off in May of this year, platinum had been rangebound for about a decade and was last above US$1,600 in 2013.

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

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