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In less than a week, Canadian Prime Minister Mark Carney has gone from supporting U.S. actions against Iran to raising the issue that the U.S. and Israel ‘acted without engaging the United Nations or consulting with allies, including Canada’ to on Wednesday not ruling out Canadian military participation in the conflict.

‘He’s been all over the place,’ Nader Hashemi, a Canadian-born associate professor of Middle East politics at Georgetown University, told Fox News Digital. ‘It doesn’t look very good for him or for the government of Canada.’

‘My own reading is that he’s influenced by public opinion and his understanding of Canada’s national interests and where they lie, and specifically the relationship with the United States at its core. His first statement was very supportive of the American-Israeli attack and then he walked it back two days later when he got a lot of pushback because there was no reference to Canada’s support for international law, rules-based order and the United Nations.’

When asked whether Canada would join the U.S. military against Iran during his visit to Australia on Wednesday, Carney told reporters that ‘one can never categorically rule out participation’ and that Canada ‘will stand by our allies, when makes sense.’

However, former NATO commander and retired Canadian major-general David Fraser told CTV News Channel that it’s ‘unlikely’ that Canada would be drawn into the U.S.-Israeli war against Iran unless a member state, such as Turkey, called for assistance under Article 5 of the North Atlantic Treaty.

Carney’s latest comments signal the Canadian prime minister’s desire to ensure that ‘it doesn’t create a deeper rupture with the United States than already exists,’ said Hashemi.

Melissa Lantsman, deputy leader of the Canadian Conservative Party, summarized the prime minister’s changing position on the U.S.-Israeli attacks on Iran with a post on X: ‘We support it, we’re upset about it, we think it’s bad, but also, we might join in.’

Her colleague, Michael Chong, the Conservative shadow minister for foreign affairs, told Canadian broadcaster CTV that ‘supporting the airstrikes and at the same time calling for a secession of those strikes’ is ‘an inherent contradiction.’

Carney has also had pushback from the political left.

After the airstrikes against Iran began, Alexandre Boulerice, foreign affairs critic for the New Democratic Party of Canada, said in a statement that his party ‘strongly condemns the American and Israeli bombings of Iran’ and ‘deplores the Carney government’s decision to blindly support this dangerous venture by Israel and Donald Trump’s administration. We want Canada to be a voice for diplomacy, peace and international law.’

During his Australian tour this week, the prime minister said that ‘hegemons are increasingly acting without constraint or respect for international norms or laws while others bear the consequences.’

He also said Canada supports ‘efforts to prevent Iran from obtaining a nuclear weapon and to prevent its regime from further threatening international peace and security,’ but noted that Canada ‘take[s] this position with regret because the current conflict is another example of the failure of the international order.’

Carney said that ‘Canada calls for a rapid de-escalation of hostilities and is prepared to assist in achieving this goal.’

At a security and defense conference in Ottawa, also this week, Foreign Affairs Minister Anita Anand said that Canada calls ‘on all sides to respect the rules of international engagement’ and that ‘international law binds all parties’ in the Middle East conflict.

The results of an Angus Reid Institute poll, involving 1,619 respondents and released on Tuesday, showed that 49% of Canadians opposed the U.S.-Israeli airstrikes against Iran, while 34% were supportive.

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The Department of Justice (DOJ) is continuing its investigation into former President Joe Biden’s use of an autopen in the final months of his administration — focusing on pardons and commutations — though a senior official said Biden himself is unlikely to face criminal exposure.

A senior DOJ official told Fox News that the autopen investigation is ongoing and not closed, adding that investigators are reviewing clemency actions taken in the final months of the Biden administration.

The official also pointed out, however, that the use of an autopen by a sitting president is ‘established law.’

The issue under review is whether the autopen was used in violation of the law — specifically, whether Biden personally approved each name included on pardon and commutation lists.

‘These types of cases are tough, executive privilege issues come into play,’ the official said.

What is also clear, the official indicated, is that the target of any potential prosecution would not likely be Biden.

‘It’s hard to imagine how [Biden] could be criminally liable for pardon power,’ the senior DOJ official said.

The official noted that one reason the former president would be unlikely to face charges stems from a 2024 Supreme Court ruling that originally involved President Donald Trump, the current sitting president, but would also apply to Biden.

‘We conclude that under our constitutional structure of separated powers, the nature of Presidential power requires that a former President have some immunity from criminal prosecution for official acts during his tenure in office,’ the Supreme Court ruled in Trump v. United States in 2024. ‘At least with respect to the President’s exercise of his core constitutional powers, this immunity must be absolute.’

Sources familiar with the matter told Fox News Digital that U.S. Attorney Jeanine Pirro’s team continues to review the Biden White House’s reliance on an autopen, contradicting a recent New York Times report that indicated the investigation had been paused.

Trump has pushed for consequences tied to the autopen controversy, alleging on social media that aides acted unlawfully in its use and raising the prospect of perjury charges against Biden.

Biden has rejected those claims, saying in a statement last year that he personally directed the decisions in question.

‘Let me be clear: I made the decisions during my presidency,’ Biden said. ‘I made the decisions about the pardons, executive orders, legislation and proclamations. Any suggestion that I didn’t is ridiculous and false.’

The House Oversight Committee has homed in on Biden’s clemency actions, including five controversial pardons for family members in the final days of his presidency, citing what it described as a lack of ‘contemporaneous documentation’ confirming that Biden directly ordered the pardons.

The committee asked the DOJ to investigate ‘all of former President Biden’s executive actions, particularly clemency actions, to assess whether legal action must be taken to void any action that the former president did not, in fact, take himself.’

Fox News Digital’s Ashley Oliver contributed to this report.

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House Democrats largely voted to allow the Department of Homeland Security (DHS) shutdown to keep going on Thursday, shrugging off Republicans’ concerns about the increased domestic terror threat amid the U.S.-Israeli operation in Iran.

It comes hours after President Donald Trump shocked Capitol Hill by ousting DHS Secretary Kristi Noem and appointing Sen. Markwayne Mullin, R-Okla., as his replacement.

But that did not stop the vast majority of Democrats from voting against a bipartisan DHS funding bill aimed at funding the cabinet agency through Sept. 30, the end of the fiscal year. 

The bill did pass the House in a 221 to 209 vote, with all but four House Democrats voting against it — a significant indicator that Noem’s firing is not enough to tip the scales in the ongoing standoff. The Democrats who voted in favor of the funding bill are Reps. Henry Cuellar, D-Texas, Jared Golden, D-Maine, Marie Gluesenkamp-Perez, D-Wash., and Don Davis, D-N.C.

Nearly identical legislation already passed the House in January, but House GOP leaders wanted to force the vote again in light of heightened national security concerns within the country’s borders.

While largely symbolic, it shows Republicans’ pressure strategy is falling on deaf ears as the left continues to protest President Donald Trump’s strategy to combat illegal immigration.

The bill was the product of original bipartisan negotiations that followed the longest-ever full government shutdown in U.S. history, which ended in November after 43 days.

It would fully fund all aspects of DHS while also including new guardrails on Immigration and Customs Enforcement (ICE) demanded by Democrats, like a body-worn camera mandate and new required training on public engagement and de-escalation.

But Democrats walked away from the deal en masse amid fallout from Trump’s immigration crackdown in Minnesota, which saw two U.S. citizens shot and killed by federal agents during anti-ICE demonstrations there. The operation has since ended.

Democratic leaders are still insisting on withholding their caucus’ support, however, until further restrictions are put on ICE and Customs and Border Protection (CBP) agents on the ground in various cities.

And House Minority Leader Hakeem Jeffries, D-N.Y., signaled to reporters that Noem’s ouster was not enough.

‘It’s not like Kristi Noem was the one who was involved in negotiating anything. She was a corrupt lackey. So we were dealing with the White House before, and we’re going to continue to deal with the White House at this point,’ he said.

Meanwhile, the resulting DHS shutdown has taken on new significance as the U.S. continues its campaign to take out Iran’s top leadership and its military sites.

Republican leaders are warning that keeping DHS in a shutdown state is dangerous for national security, given its jurisdiction over agencies that monitor threats from home and abroad.

‘Now is the time to be vigilant at home and to ensure that all of our doors are locked, so to speak,’ Speaker Mike Johnson, R-La., said during a press conference Wednesday. ‘And yet, as all this is happening, we have Democrats running around here playing political games in Congress. It’s infuriating. They’ve shut down the very agency that is responsible for securing the homeland.’

House Minority Leader Hakeem Jeffries, D-N.Y., called Republicans’ argument ‘insane’ when asked by Fox News Digital earlier this week.

‘Donald Trump launches an unauthorized war in the Middle East. … He decides that he wants to spend billions of dollars to bomb Iran, rather than spend taxpayer dollars to lower the grocery bills that are crushing the American people, and then wants to use his unauthorized war as an excuse to continue spending taxpayer dollars to brutalize or kill American citizens by continuing to unleash ICE without restriction on the American people?’ Jeffries posed. ‘I think it’s ridiculous.’

It’s the Senate, however, where passing that DHS funding bill is actually key to ending the shutdown. The upper chamber voted again Thursday on the original legislation that passed the House in January, but it failed to reach the 60 votes necessary to overcome a filibuster.

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The United States and Venezuela’s interim authorities have agreed to re-establish diplomatic and consular relations, according to a State Department media note issued Thursday.

‘The United States and Venezuela’s interim authorities have agreed to re-establish diplomatic and consular relations,’ the State Department said in a statement released March 5.

The State Department said the agreement is intended to ‘facilitate our joint efforts to promote stability, support economic recovery, and advance political reconciliation in Venezuela.’

‘Our engagement is focused on helping the Venezuelan people move forward through a phased process that creates the conditions for a peaceful transition to a democratically elected government,’ the statement said.

The announcement confirms the restoration of diplomatic and consular relations between the two governments. The State Department did not specify when embassy operations or visa services could resume.

The statement also did not address potential sanctions changes, outline migration or security cooperation measures, or provide additional details about diplomatic engagement moving forward.

The announcement comes after months of U.S. engagement in Venezuela.

U.S. Interior Secretary Doug Burgum traveled to Caracas on March 4 and held meetings with Venezuela’s interim President Delcy Rodríguez during a two-day visit, U.S. and Venezuelan officials said. 

Burgum discussed opportunities related to mining and critical minerals supply chains and said the Venezuelan interim government had offered security assurances for foreign mining companies seeking to invest in the country.

U.S. forces captured former Venezuelan President Nicolás Maduro on Jan. 3 in Caracas. Maduro and his wife, Cilia Flores, pleaded not guilty two days later in federal court in New York to charges including narco-terrorism conspiracy, cocaine importation conspiracy and weapons-related offenses.

Diplomatic and consular relations typically involve government-to-government engagement as well as the operation of embassies and consulates that facilitate visas, citizen services and diplomatic coordination.

‘The United States remains committed to supporting the Venezuelan people and working with partners across the region to advance stability and prosperity,’ the statement said.

The White House did not immediately respond to Fox News Digital’s request for comment. 

Fox News Digital’s Michael Sinkewicz and Greg Norman-Diamond contributed to this reporting.

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War Secretary Pete Hegseth said Wednesday that Iran’s decision to strike neighboring countries has backfired strategically, driving Gulf states that had hoped to stay out of the conflict ‘into the American orbit’ as the U.S. prepares to dramatically increase firepower over Tehran.

‘What Iran is doing by targeting allied countries that would otherwise want to stay out of this, they’ve actually pulled them into the American orbit,’ Hegseth said during a briefing at U.S. Central Command headquarters in Tampa, Florida.

He cited the United Arab Emirates, Qatar, Bahrain, Saudi Arabia and Kuwait as countries now offering expanded cooperation, arguing that Tehran’s retaliatory campaign has strengthened regional alignment with Washington rather than weakened it.

U.S. military officials say Iran has launched strikes against a growing number of countries in the region since the conflict began, with CENTCOM Commander Adm. Brad Cooper noting Tehran has targeted at least a dozen nations.

Rather than isolating the United States, Hegseth suggested Iran’s actions are consolidating support for the campaign.

‘The amount of firepower over Iran and over Tehran is about to surge dramatically,’ he said, pointing to additional base access and increased bomber operations.

Hegseth also addressed allied base access, including the United Kingdom’s initial hesitation to grant U.S. forces early access to strategic facilities. He said the issue has since been resolved and that British-controlled bases are now part of the expanding U.S. air campaign.

‘It was unfortunate that … the Brits didn’t, from day one say, ‘Hey, go ahead and have access,’’ he said. ‘But we got there, we got there. And that’s now part of the way that we’re operationalizing bomber runs. … The amount of firepower over Iran and over Tehran is about to surge dramatically, and part of it is that we’re going to have even more basing.’

Gulf and Arab governments have publicly condemned Iranian missile and drone strikes on their territories as violations of sovereignty and threats to regional security, while stopping short of criticizing U.S. military action.

Saudi Arabia, Qatar, Bahrain, Kuwait, the United Arab Emirates and Jordan issued a joint statement strongly condemning Iran’s ‘indiscriminate and reckless’ missile and drone attacks against sovereign territory in the region, reaffirming their right to self-defense.

Regional leaders have framed Iran’s actions as dangerous escalations rather than legitimate retaliation, underscoring a rare moment of unified public opposition among Gulf Cooperation Council members.

Beyond the Gulf, Azerbaijan has also protested what it says were Iranian drone strikes on its Nakhchivan exclave, which injured civilians and damaged the international airport. Baku summoned Tehran’s ambassador and said it reserved the right to take retaliatory measures in defense of its territory, even as Tehran denied responsibility for the incident.

Some regional analysts say Iran appears to have miscalculated by striking at U.S. assets in third-party nations.

‘It was absolutely inevitable that the Iranians would seek to lash out, to widen the conflict … but all they’ve really done is made everybody quite mad, and that was a really bad calculation on their part,’ said Danielle Pletka, a senior fellow at the American Enterprise Institute.

Peter Doran, a senior fellow at the Foundation for Defense of Democracies, noted the shift in regional alignment.

‘It would have been unbelievable just one year ago to see Saudi Arabia and the Gulf states lining up with the United States and Israel against the Islamic Republic,’ he said.

Hegseth dismissed suggestions that the war is spiraling outward, arguing that Iran’s actions are instead clarifying the battlefield and strengthening U.S. partnerships.

‘This idea that it’s expanding or going — no,’ he said. ‘It’s actually simplifying in a number of ways exactly what we need to achieve and how we’ll achieve it.’

Pentagon officials say U.S. bombers have struck nearly 200 targets in the past 72 hours, destroyed more than 30 Iranian naval vessels and significantly reduced missile and drone attacks since the opening days of the operation.

Officials maintain that the campaign’s objectives remain limited to degrading Iran’s ability to threaten Americans and its neighbors, even as the president has suggested he needs to have a say in who becomes Iran’s next leader.

‘I think the president’s having a heck of a say in who runs Iran, given the ongoing operation we have,’ Hegseth said.

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The Department of Justice (DOJ) is continuing its investigation into former President Joe Biden’s use of an autopen in the final months of his administration — focusing on pardons and commutations — though a senior official said Biden is unlikely to face criminal exposure.

A senior DOJ official told Fox News the autopen investigation is ongoing and not closed, adding investigators are reviewing clemency actions taken in the final months of the Biden administration.

The official also pointed out, however, that the use of an autopen by a sitting president is ‘established law.’

The issue under review is whether the autopen was used in violation of the law, specifically, whether Biden personally approved each name included on pardon and commutation lists.

‘These types of cases are tough. Executive privilege issues come into play,’ the official said.

What is also clear, the official indicated, is that the target of any potential prosecution would not likely be Biden.

‘It’s hard to imagine how [Biden] could be criminally liable for pardon power,’ the senior DOJ official said.

The official noted that one reason the former president would be unlikely to face charges stems from a 2024 Supreme Court ruling that originally involved current President Donald Trump but would also apply to Biden.

‘We conclude that under our constitutional structure of separated powers, the nature of Presidential power requires that a former President have some immunity from criminal prosecution for official acts during his tenure in office,’ the Supreme Court ruled in Trump v. United States in 2024. 

‘At least with respect to the President’s exercise of his core constitutional powers, this immunity must be absolute.’

Sources familiar with the matter told Fox News Digital that U.S. Attorney Jeanine Pirro’s team continues to review the Biden White House’s reliance on an autopen, contradicting a recent New York Times report that indicated the investigation had been paused.

Trump has pushed for consequences over the autopen controversy, alleging on social media that aides acted unlawfully in its use and raising the prospect of perjury charges against Biden.

Biden has rejected those claims, saying in a statement last year he personally directed the decisions in question.

‘Let me be clear: I made the decisions during my presidency,’ Biden said. ‘I made the decisions about the pardons, executive orders, legislation and proclamations. Any suggestion that I didn’t is ridiculous and false.’

The House Oversight Committee has homed in on Biden’s clemency actions, including five controversial pardons for family members in the final days of his presidency, citing what it described as a lack of ‘contemporaneous documentation’ confirming that Biden directly ordered the pardons.

The committee asked the DOJ to investigate ‘all of former President Biden’s executive actions, particularly clemency actions, to assess whether legal action must be taken to void any action that the former president did not, in fact, take himself.’

Fox News Digital’s Ashley Oliver contributed to this report.

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Rep. Tony Gonzales, R-Texas, announced Thursday evening he will not seek re-election amid a House Ethics investigation into an affair he admitted to having with a former staffer.

Gonzales, a married father of 6, admitted to the affair for the first time on Wednesday – a day after advancing to the GOP primary runoff for his congressional district.

‘At 18, I swore an oath to defend our nation against all enemies, foreign and domestic. During my 20 years in the military and three terms in Congress, I have fought for that cause with absolute dedication to the country that I love,’ Gonzales said in a statement.

‘From overcoming the border crisis to taking a stand with my communities after the worst school shooting in Texas’ history, my philosophy has never changed: do as much as you can, and always fight for the greater good,’ he continued.

‘After deep reflection and with the support of my loving family, I have decided not to seek re-election while serving out the rest of this Congress with the same commitment I’ve always had to my district,’ he added. ‘Through the rest of my term, I will continue fighting for my constituents, for whom I am eternally grateful.

Gonzales confessed to the affair during an appearance on a conservative talk radio show one day after advancing to a runoff election in his congressional district’s GOP primary.

The House Ethics Committee also launched an investigation into Gonzales on Wednesday to determine if he engaged in sexual misconduct with a female member of his staff and whether he doled out special favors or privileges as a result.

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Canada’s government unveiled a sweeping new suite of investments this week designed to cement the nation’s role as a global leader in the burgeoning critical minerals sector.

Speaking on Tuesday (March 3) at the Prospectors & Developers Association of Canada (PDAC) convention in Toronto, Minister of Energy and Natural Resources Tim Hodgson outlined more than C$3.6 billion in programs and funding commitments to help get Canadian minerals “from mine to market.’

The initiatives include up to C$165.2 million for 22 Canadian projects to accelerate planning, development and processing capacity, unlocking over C$434 million in critical minerals project capital across eight provinces.

This comes alongside the launch of the C$1.5 billion First and Last Mile Fund, aimed at building key infrastructure, from roads to electricity transmission, that will help mines move minerals to processing hubs and markets.

“The government is making smart investments so we can put our mineral wealth to work … and ensure all Canadians benefit,” Hodgson said, emphasizing that these efforts will support good-paying jobs, bolster economic and national security and strengthen rural and remote communities.

The funding announcements are fresh on the heels of the Fraser Institute’s Annual Survey of Mining Companies, which tracks the investment attractiveness of global mining jurisdictions.

In the 2025 report, Canadian provinces took the number two (Ontario) and three (Saskatchewan) spots, with Ontario jumping from its 15th place position on the list in 2024.

Ottawa’s vision shapes Canadian mining strategy

Hodgson’s federal investment remarks followed an address delivered on Sunday (March 1) by Claude Guay, parliamentary secretary to the minister, during PDAC’s opening ceremonies.

He underscored that Ottawa sees critical minerals as much more than commodities.

“Critical minerals are not just important, they’re foundational. They are the backbone of the clean energy transition and increasingly essential to our national security,’ Guay told the audience.

“In a time of geopolitical tension, accelerating climate ambition and growing competition for strategic resources, Canada is acting decisively,” he continued. “Not only in what we extract, but in how we build, process, refine, recycle and deliver value across the entire supply chain.”

Guay framed the current moment as a structural shift: “Canada and the world are entering a new era. An era where critical minerals have become a strategic asset — where energy security, economic competitiveness and industrial sovereignty are inseparable from how we develop and manage our natural resources.”

Canada, he argued, is uniquely positioned. It hosts roughly 170 advanced-stage mineral projects, more than half of which are expected to come online in the coming years, spanning rare earths, lithium, copper and graphite.

Combined with a stable governance framework and environmental standards, that resource base gives Canada a “privileged position at home and abroad.”

“Canada is not just rich in resources,” Guay said. “Canada is rich in trust and reliability.”

But Ottawa’s strategy goes beyond extraction. The federal government is pushing to build end-to-end value chains, turning raw materials into processed inputs and advanced products within Canada.

“Our approach is not simply about digging minerals out of the ground,” he said. “It’s about creating good jobs, strengthening rural and northern communities and supporting our industrial and national security needs.”

Critical minerals are now explicitly tied to defense, artificial intelligence and advanced manufacturing, he added. “Their availability is a matter of sovereignty as much as prosperity.”

A key pillar of that strategy is Canada’s Major Projects Office (MPO), established to streamline approvals and coordinate federal decision making on large-scale developments.

Since its creation, Guay said, more than C$116 billion worth of nation-building projects have been referred to the office, including several aimed at advancing critical minerals supply chains.

“These projects will accelerate and anchor Canada’s copper, nickel and tungsten supply chains — minerals fundamental not only to clean technology, but also to defense systems, aerospace and telecommunications,” he said.

Guay stressed that while the MPO aims to provide greater certainty for investors, it will do so while upholding Indigenous rights and strong environmental standards.

The federal government’s 2026 budget further reinforces that direction. Guay noted that the spending plan, recently approved in parliament, introduced a new Critical Minerals Sovereign Fund, which is designed to mobilize private capital and provide anchor investments for strategic projects.

“The goal is simple,” he said. “Provide the certainty needed to get projects over the line.”

As mentioned, the First and Last Mile Fund is also now in action with the aim of closing infrastructure gaps that often stall mining developments, ensuring minerals can reach processors, manufacturers and export markets.

In addition, the government has expanded eligibility for the Critical Mineral Exploration Tax Credit to include 12 further minerals deemed essential for defense, semiconductor and energy technologies.

“Together, these measures serve one clear objective: building more at home than anyone, anywhere else,” Guay said.

Aside from that, he emphasized the importance of alliances.

Canada is working with partners under initiatives such as the Critical Minerals Production Alliance and within the G7 framework to strengthen supply chains and reduce overreliance on dominant producers.

“We are in a context where materials are too often controlled by a few actors, some better than others,” Guay said. “Canada stands ready to be a reliable partner.”

Domestic collaboration

At the center of the federal vision, he said, is reconciliation with Indigenous peoples.

More than 500 Indigenous mining agreements are currently active across the country, formalizing long-term community benefits and social license arrangements.

Indigenous groups are increasingly participating as equity partners and co-managers in resource and infrastructure projects, supported by federal programs, including C$80 million through the Indigenous Natural Resources Partnerships Program, C$13.5 million under a critical minerals infrastructure grants stream and up to C$10 billion in loan guarantees through the Indigenous Loan Guarantee Program.

“This is economic partnership and reconciliation in action,” Guay said.

Guay underscored the global implications of the conversations and deals that happen at PDAC.

“What happens in these rooms does not stay in these rooms,” he said. “These conversations will shape supply chains, energy systems and economic resilience on every continent.”

For Canada, the objective is clear.

“As a strong sovereign country that has chosen to transform its mineral wealth into a strategic national asset, Canada has what the world wants,” Guay said. “We stand ready to lead, ready to partner and ready for business.”

“We are not only preparing for this new global era,” he added. “We are shaping it.”

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

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Rick Rule, proprietor at Rule Investment Media, shares updates on his current strategy in the resource space, mentioning gold, silver, oil and agriculture.

He also reminds investors to pay more attention to gold’s underlying drivers than to current events.

Click here to register for the Rule Symposium.

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

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/Not for distribution to United States newswire services or for dissemination in the United States/

 Lithium Africa Corp. (TSXV: LAF) (‘Lithium Africa Resources’ or the ‘Company’) is pleased to announce that as a result of strong investor demand, the Company and ATB Cormark Capital Markets (the ‘Agent’) have agreed to increase the size of its previously announced ‘best efforts’ private placement from aggregate gross proceeds of C$5.0 million to aggregate gross proceeds of C$8.5 million (the ‘Offering’).

In connection with the Offering, the Company is pleased to announce that it has secured a lead order of approximately C$3.3 million from Purpose Global Resource Fund.

The Offering will consist of the issuance and sale of 4,250,000 units of the Company (the ‘Units‘) at a price of C$2.00 per Unit (the ‘Offering Price‘). Each Unit will consist of one common share of the Company (each, a ‘Unit Share‘) and one-half of one common share purchase warrant (each whole warrant, a ‘Warrant‘). Each Warrant will entitle the holder thereof to purchase one Common Share (a ‘Warrant Share‘) at an exercise price of C$2.80 per Warrant Share for a period of 3 years following the closing of the Offering.

The Agent will have the option, exercisable in whole or in part at any time up to 48 hours prior to the closing of the Offering, to sell an additional 750,000 Units at the Offering Price for additional gross proceeds of C$1,500,000.

As consideration for its services, the Agent will receive a 7.0% cash commission on the gross proceeds of the Offering and broker warrants (the ‘Broker Warrants‘) equal to 7.0% of the number of Units sold under the Offering. Each Broker Warrant shall entitle the holder thereof to acquire one Common Share at the Offering Price for a period of 2 years following the closing of the Offering.

The net proceeds from the sale of the Units will be used as partial consideration in connection with the acquisition of the Springbok Project and for working capital and general corporate purposes. An overview of the Springbok Project and the transaction terms are provided in the Company’s news release dated February 25, 2026.

The Offering is expected to close on or about March 18, 2026, or such other date as the Company and the Agent may mutually agree and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including the acceptance of the TSX Venture Exchange.

The Offering will be made way of private placement pursuant to applicable exemptions from the prospectus requirements in each of the provinces and territories of Canada and, in such other jurisdictions, in each case in accordance with all applicable laws, provided that no prospectus, registration statement or other similar document is required to be filed in such jurisdiction.

The securities offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, or any state securities law, and may not be offered, sold or delivered, directly or indirectly, within the United States, or to or for the account or benefit of U.S. persons, absent registration or an exemption from such registration requirements. This news release does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of securities in any state in the United States in which such offer, solicitation or sale would be unlawful.

About Lithium Africa Corp. 

The Company has an established 50/50 joint venture partnership with GFL International Co., Ltd. to jointly advance exploration in Africa (the ‘LAF-GFL JV‘) and through the LAF-GFL JV, the Company has an indirect 50% interest in a portfolio of exploration assets in hard rock pegmatite districts across a number of prospective African regions covering Ivory Coast, Guinea, Mali, Morocco and Zimbabwe. For more information, please visit www.li-africa.com.

ON BEHALF OF THE BOARD OF DIRECTORS OF Lithium Africa CORP.

Tyron Breytenbach, CEO & Director

Cautionary Note Regarding Forward-Looking Statements 

Statements contained in this news release that are not historical facts may be forward-looking statements, including statements in respect of the closing of the Offering, the use of proceeds of the Offering, the participation of Purpose Investment in the Offering, and the acquisition of Springbok Project. These forward-looking statements involve risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. In addition, the forward-looking statements require management to make assumptions and are subject to inherent risks and uncertainties. There is significant risk that the forward-looking statements will not prove to be accurate, that the management’s assumptions may not be correct and that actual results may differ materially from such forward-looking statements. Accordingly, readers should not place undue reliance on the forward-looking statements. Generally forward-looking statements can be identified by the use of terminology such as ‘anticipate’, ‘will’, ‘expect’, ‘may’, ‘continue’, ‘could’, ‘estimate’, ‘forecast’, ‘plan’, ‘potential’ and similar expressions. These forward-looking statements are based on a number of assumptions which may prove to be incorrect which, without limiting the generality of the following, include: the ability to raise funds through private or public equity financings; general business, economic, competitive, political and social uncertainties; delay or failure to receive regulatory approvals; risks inherent in exploration activities; the impact of exploration competition; unexpected geological conditions; changes in government regulations and policies, including trade laws and policies; failure to obtain necessary permits and approvals from government authorities; volatility and sensitivity to market prices; volatility and sensitivity to capital market fluctuations; environmental and safety risks including increased regulatory burdens; weather and other natural phenomena; and other exploration, development, operating, financial market and regulatory risks. The forward-looking statements contained in this press release are made as of the date hereof or the dates specifically referenced in this press release, where applicable. Except as required by applicable securities laws and regulation, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. All forward-looking statements contained in this press release are expressly qualified by this cautionary statement. 

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.

SOURCE Lithium Africa Corp.

View original content: http://www.newswire.ca/en/releases/archive/March2026/05/c2612.html

News Provided by Canada Newswire via QuoteMedia

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